The Business Times, 19 May 2003

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Total Pages: 34
1 34 The Business Times
  • 18 1 MIT A fPI 024/*****03 85* THE BUSINESS TIMES SINGAPORE -TT" I Internet: ;-ttp://business-times.asial .com.sg MONDAY, MAY 19, 2003
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  • 966 1  -  i'-ti exclusive Boutique firm APS Asset Mgt will charge fees only if returns top 6% Byi Genevieve Cua ISUNUAFUKEJ Boutique fund firm APS Asset Management is gearing up to launch Singapore's first-ev-er no-expenses unit trust, in a bid to enhance returns for investors
    FILE PHOTO  -  966 words
  • 65 1 Week Change ST1 1304.91 -469 KLSECOMP —636.26 +6.12 NIKKEI 225 *****9 -34.87 HANG SENG 9093.18 +9.02 SET INDEX 383.00 -1.32 JAKARTA COMP 467.94 1.69 MANILA CO.MP .1059.53 13.73 TAIPEI WPI 4283.77 +39.59 SEOl'LCOMP ***** -8.30 SHENZHEN B 216.53 Al'ST ALL ORD .*****0 -3.80 DOW JONES 8678.97 +74.37 NASDAQ 1538.53
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  • 73 1 FOREX RATES US$ SI ESS (S$ per ESS) 1726 £(1'SS/SS per 1.621 2.797 E1H0|1'SS/S$/E). 1.141 1969 YEN 116.4 67 40 RM am 2.202 HKS 7.799 4 519 BAHT 42.16 2442 RCPIAH 8.450 4.896 RENMINBI 8.299 4809 INDIAN RI PEE_ 47.1.1 27:10 PRIME RATES SINGAPORE* 5.25 Kl ALA LI'MPTR 64(1
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  • 641 1  -  exclusive CEO says the bank candojust as well as foreign brands By Siow Li Sen [SINGAPORE] According to Jackson Tai, DBS Bank is a jewel that not many recognise. And he puts it down to an Asian penchant for things foreign. "Time and
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  • 388 1  -  New probable case pushes earliest target to May 31 By, Andrea Tan [SINGAPORE] Hopes were dashed last night. The 20-day countdown has restarted with the confirmation of one probable Sars case yesterday. May 18 was the day Singapore had marked out on its calendar
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  • 608 1  -  R^xclusive PH Gob is also fixing new date for bis trip to China By] Loh Hui Yin [SINGAPORE] Beijing will soon lift its five-week-old ban on mainland Chinese tourists travelling to Singapore, Malaysia and Thailand. Also, Prime Minister Goh Chok Tong has informed
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  • Page 1 Advertisements
    • 2 1 8 HI
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    • 12 1 S'pore's first-quarter GDP results are out today. Check them online at http://business-times.asial.com.sg
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    • 74 1 t SARS OUTBREAK •iWr r Impact on Asia's economies: What's the likely toll? lrS )ecomes e,H em 8 9 J* in new infections in Taiwan. P# 3 Most outbreaks being contained, say scientists. P& 3 Summer Sale 2003 /p r irt uoso Rin«» Av\ mphm\ "I -1 l«, Ih-.hH .tiitl
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    • 63 1 M'squartadjr salts bmcfa INHIOfI OOHarS InAsii Pec. Pgl Rqju Chefem: in the Web-hosting market Pg2 krCkkMLPglB Missed that sharp commentary in BT? Log on to BT Online and check out our archived columns. This value-added service is free to BT newspaper subscribers. For others, it will be a premium subscription
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  • NEXT page
    • 763 2  -  BG Yeo's visit to Jakarta may herald more investment by S'pore companies in Sumatra From Shoeb Kagda in Jakarta TWO years ago when Trade and Industry Minister George Yeo visited Indonesia, he made it a point to call on the governor of South
      FILE PHOTO  -  763 words
    • 789 2  -  Bally shows first sips of slowing in more than a month From Andrew Marks in New York BUOYED by the successful conclusion to the war with Iraq, investors have been betting on a bright US economy later in 2003. Optimism has
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  • Page 2 Advertisements
    • 310 2 A WW Asici Pacific isr" 1 /he Professionals in Executive Education WflP MBA -w* PhD Business Singapore 10th Intake Register Now! Top U.K. MBA in General Management B Research in Business Management 35th Intake Register Now! Prevkw 27 May 2003 at 7.00 pun. 100% conducted by University of Hull faculty
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  • SARS OUTBREAK
    • 484 3 It reports biggest one-day rise as vims spreads to outlying island AP Reuters [TAIPEI] Taiwan announced its biggest one-day jump in infections even as the World Health Organization said the majority of outbreaks around the world are coming to an end. Taiwan reported 36
      AP; Reuters  -  484 words
    • 436 3 Mood at WHO meet upbeat as measures prove to be working LAT-WP [GENEVA] Scientists concluding a two-day meeting said on Saturday that the majority of the Sars outbreaks around the world have been contained and that the measures used to control it elsewhere ultimately
      LAT-WP  -  436 words
    • IN Brief
      • 111 3 Reuters [BEIJING] Beijing will start reopening schools this week after a one-month closure due to the Severe Acute Respiratory Syndrome (Sars) outbreak, newspapers said yesterday. They said primary and secondary schools with 1.37 million students would start going back to class on Thursday. China's
        Reuters  -  111 words
      • 71 3 AFP [BEIJING] Chinese courts began yesterday to announce prison sentences for rioters opposed to local Sars quarantine facilities, as the nation implemented heavy-handed legal measures to fight the disease. Six people in China's northern Hebei province were sentenced to up to five years in prison
        AFP  -  71 words
      • 84 3 AFP [TAIPEI] Taiwan has apologised to Tokyo after revealing a Taiwanese doctor may have brought the Sars virus to Japan, officials confirmed yesterday. The physician from Taipei's Mackay Memorial Hospital, identified only by his surname Chou, was confirmed by a Department of Health (DOH) test completed
        AFP  -  84 words
    • 220 3 Washington Post [BEIJING] The World Health Organization has concluded that doctors in China are overlooking Sars patients with only mild symptoms and are sending them home or placing them among other patients in general medical wards when they can still infect people. The finding, based
      Washington Post  -  220 words
  • Page 3 Advertisements
    • 93 3 COURAGE FUND TO DONATE BY CHEQUE: A crossed cheque made out to' The Courage Fund' should be sent to The Courage Fund, c/o National Healthcare Group, 6, Commonwealth Lane, Level 6, GMTI Building, Singapore *****7 TO DONATE BY PHONE: From May 1. members of the public can donate to the
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    • 243 3 vulCain u < 'rU s 4, 9 r.: g T 'fh er* 0 > m r #v \;> fj v lln Jist ih k t lli. !,1 first 111 iv 11 ,i nk. 11 «il«trm-u ,»u Ii \i* >n r. 1..\. Ih.r. r' l> the Tjn VI Villi .lit) C'rii
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  • SINGAPORE markets
    • Article, Illustration
      312 4 OTHER SINGAPORE INDICES May 16 VALUE CLOSE BTOMDS 418.00 +27.00 ■T CAM -*****.00 25.00 Wl l*-4ay MA -*****.00 -Mil.00 MjMgjw 352.96 -1.04 SCC«dMnOact 124.86 +0.23 SatyMufh 1101.95 -9.23 SOElJIiihip 310.99 -0.73 160.41 -0.86 MMSCINfaw 159.90 -0.80 Stock* VniMm BIL mtl US20c 370.697,000 SingPost 5c 233.222,000 Unifibef 10c 223,271,000 PacificCenturylOc 161.363,000
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    • 302 4  -  HOT STOCK/ WARRANT By. R Sivanithy TAKE a look at the accompanying chart. It shows the phenomenal rise in the shares of Yahoo! Inc. From US$9 last September, Yahoo's shares have tripled to U5527.75 now, outperforming almost aU other Internet stocks,
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    • 781 4  -  I:l i comment STOCKS r. sivanithy ONE of the biggest myths in the stock market is that investors look to "buy low and sell high". In fact, this is hardly ever the case most players are genetically predisposed to "buying high in the hope of
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    • 773 4 A$ touches new 40-month highs; fears of government intervention cap yen's rise AFP [HONG KONGJ Regional currencies gained against the greenback over the past week, as the US dollar slid amid persistent concern about the US economy. The Australian dollar
      AFP  -  773 words
  • 2994 4 UNIT TRUSTS FUNDS Com Global Health Index Fd 0813/ Com Global Telecom Index Fd 0 418/ ComGlobalinfotec Index Fd!** 0 291/ *J**J "Jy ,s Com Global Energy Index Fd 0825/ Com Global Tra*m Index Fd 0647/ s£e£!£m: X™ Com S pore Bond Fund/* 1105/ Star Asian Tiger Eqty 0.621/ 0«dK
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  • Page 5 Advertisements
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  • SINGAPORE companies
    • 410 6  -  By Andrea Tan OVERALL equities trading volumes have fallen on the Singapore Exchange (SGX), but this has not stopped a steady stream of companies from seeking a listing on the local bourse. So far this year, the SGX has welcomed 17
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    • 829 6  -  siew r sivanithy BARELY a month after the outbreak of the pneumonia-like Severe Acute Respiratory Syndrome in Singapore, a book on how to live with the disease hit the stands. It was modestly priced, informative and an all-round admirable effort, a fine
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  • Page 6 Advertisements
    • 1091 6 r fm\ ASIA PACIFIC BREWERIES LIMITED (Incorporated in the Republic of Singapore) RESULTS FOR THE HALF YEAR EHDED 31 MARCH 2003 Financial Statement And Dividend Announcement The Directors are pleased to make the following announcement of the unaudited results for the half year ended 31 March 2003:OfOMp ORWpPT 4 —a—
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  • SINGAPORE news
    • 704 7  -  Two former business rivals find that joining forces reaps better results By] Daniel Buenas THE Success Shop is almost a contradiction in terms it was the result of the merger of two ailing businesses, by two people of different genders, who are also of
      CHRIS LOH  -  704 words
    • 411 7  -  By Cheah Ui-Hoon HIGH-level talks and even mighty (at least in name) organisations like the United Nations have failed to stop wars, but maybe music will make inroads into world peace where diplomacy hasn't succeeded. In an attempt to do for peace what
      CHRIS LOH  -  411 words
    • 264 7  -  3on the economy outlook Byi Andrea Tan SINGAPORE'S first quarter gross domestic product may just be revised upwards to 1.6 per cent from the initial official estimate of 1.5 per cent, according to a Citigroup report. Citigroup and Singapore will know the verdict
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  • Page 7 Advertisements
    • 172 7 (£>npagS> u DKS2I 1( 1521 A Ja I! PD W I#t1 #t Prize in 4D// idd IffliTBIB!^ LIILL .l+i Destinations is2i |«i aia Canada/USA 1 0.085" 0.32 0.39 0.19 1.55 175 1 ISj > fg5.6483 33 331 B3EDffIESHffIBHJSB!BS f waik-in: junction 8°s U hoppingVenl jbisLan mrt)l r Web Site M/WW
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  • SARS economic impact
    • 1999 8  -  The long-term impact on China and hence the region could be serious. Vlkr&m looks at the scenarios painted by analysts Vikram Khanna GOVERNMENTS of Sars-affected Asian countries generally have limited leeway to offset the economic impact of the viral outbreak in the
      REUTERS; AFP  -  1,999 words
  • Page 8 Advertisements
    • 39 8 t A We're teaching our cars to see, because mum can't be ev "<•■/ r- •<* ■'>' 1' <■' lo oht ;*iri rnoi <■ 'J» t infor m.it Kin on th*; Vr.ion of Af.MfJf.-nt f r ff.* Driving v/r>it wwv; fJ;nrnlf» f.hr y.lf-r f.om
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  • Page 9 Advertisements

  • REGIONAL news
    • 720 10 HONG KONG They seek foothold in territory even as foreign players reduce exposure Reuters MAINLAND Chinese banks are among the few institutions still willing to buy into Hong Kong's crowded financial sector as foreign lenders fret over poor earnings prospects and try
      Reuters  -  720 words
    • 521 10 Reuters (HONG KONG] Now is a good time for Asian investors to buy regional stocks and slowly lighten holdings of dollar bonds as interest rates hover near historic lows and dividends remain relatively high, ING Investment Management said. "I would say now is
      Reuters; AFP  -  521 words
  • Page 10 Advertisements
    • 1464 10 (Incorporated in Hong Kong with limited liability) Publication pursuant to Section 25(2) of the Banking Act Consolidated Profit and Loss Account for the year ended 31 December 2002 (Expressed in millions of Hong Kong dollars) Report of the Auditors 2002 2001 HKsm HKsm Auditors' Report to the Shareholders of Hang
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  • REGION world
    • 484 11 BEIJING Thousands of flights cancelled, so carriers are moving to delay delivery of new planes AFP CHINESE airlines have been dragged into heavy deficits by Sars, with thousands of flights cancelled, the delivery of new planes delayed, and a stock-market listing for Air
      AFP  -  484 words
    • 586 11 HONGKONG AFP LEE Wai-lam craned her neck, arched it further to the left and twisted it round to view the thousands of people still joining the al-ready-enormous queue building behind her for a routine Hong Kong job fair. "Incredible. Never seen
      AFP  -  586 words
    • Article, Illustration
      65 11 [SPIELBERG. AustriaJ Michael Schumacher's crew spraying his car with foam after excess fuel from the fuel hose caught fire briefly during the Austrian Grand Prix yesterday. The fire forced him to stay in the pit for longer than usual. But the racing champ was calm throughout and, though
      AP  -  65 words
    • WORLD Watch
      • 73 11 Reuters [LONDON] Iranian tycoon Robert Tchenguiz is poised to make a £620 million (Ssl.7 billion) bid for Britain's Selfridges in a move to trump an already agreed £598 million bid for the retailer, the Observer newspaper said. The paper said Mr Tchenguiz could
        Reuters  -  73 words
      • 80 11 Bloomberg IaAN JUah, California] Internet auctioneer eßay gave chief executive Margaret Whitman stock options last year worth as much as US$27.B million, about 42 per cent less than the ones she received in 2001. Ms Whitman was granted options to buy 300,000 shares at
        Bloomberg  -  80 words
      • 52 11 Bloomberg [LONDON] HSBC Holdings Pic is buying the 49 per cent it doesn't own of a Mexican insurance joint venture from ING Groep NV for US$l4B million. HSBC's Grupo Financiero Bital SA unit aims to complete the acquisition in the third quarter,
        Bloomberg  -  52 words
      • 81 11 Bloomberg [NEW YORK] AOL Time Warner Inc elected its 13 nominees to the board amid criticism about some members' independence and shareholders' lack of power to propose new directors. Three other company proposals, including ratifying Ernst Young as AOL Time Warner's auditor, were adopted. Former
        Bloomberg  -  81 words
      • 58 11 Reuters [LONDON] British Chancellor of the Exchequer Gordon Brown denied yesterday that he opposed a euro referendum any time soon, as a matter of principle. But, in a TV interview, he repeatedly asserted that his economic assessment about joining Europe's single currency was the basis
        Reuters  -  58 words
    • 882 12 COMMODITY Weeklyßoundup AFP [LONDON] Global commodities prices cashed in on recent US dollar weakness again last week as buyers in Europe and Asia took advantage of their stronger currencies to snap up US dollar-denominated raw materials. "Commodities prices are showing broad strength, with oil. gold and
      AFP  -  882 words
  • Page 11 Advertisements
    • 188 11 Notices In Ik* matter of th« Companies Act, (Cap. 50) And In the matter of MORGAN CHOO TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 (I) of the Companies Act, (Cop. 50) that the FINAL MEETING of the Members
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    • 497 11 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF E N VIDEO PTE LTD (Involuntary Liquidationi NOTICE IS HEREBY GIVEN thai the Creditors of the abovenamed Company, which is hcing wnund up voluntarily, are required on or before 18 June 2003 send in their nam?,
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    • 603 11 IN THE MATTER OF THE COMPANIES ACT. CAP. SO Section 290(2)|b| AND IN THE MATTER OF GOLDEN TOUCH INTERNATIONAL PTE LTD (IN MEMBERS VOLUNTARY WINDING UP) NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of Company hold at 9 tottery Rood #10-01/ OS Straiti Trading luiiding Stngopor* 0499)0 on th.
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    • 1038 11 r 1 BSL IPCO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Ipco International Limited (the "Company") will be held at 10.00 a.m. on 4 June 2003 at 24 Pandan Road, Singapore *****5. The Extraordinary
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  • Page 11 Miscellaneous
    • 280 11 CRYPTIC CROSSWORD ArßfW 6 Astride horse bolting towards the land (7) 1 Request sustained effort 7 Nothing to fear from battleship (11) 9 Drives round to see another g robe bespattered during ancient king (7) first stage (6) 10 Take off disguise to expose -j washing depends on it (7-4)
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  • 1147 12 FINANCE COMMODITIES H eek ended: Man SINGAPORE QOVERMMEMT SECURITIES DIDICATIVE PRICES AMP YIELDS W» Prk* TwCim WUtmWi CX» TTM W OWf CHl TTM M Mtor 7 YR 2.500 IS-Jnn-03 N*****0F 1.14% 0.472% 100.10 100.15 5YR 2.625 01 Oct-07 N*****0H 1.25% 1.23% 105.85 105.90 5Yft 5.125 01-ScH)3 N*****1X 0.69% 0.521% 101.26
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  • 1573 12 RICOH f UI UiB May 16 •una Mm (OHH« pncM) KSSlQcOTtWm CtaM VetaM OpM MmBI in Im Wtt (t—«) totamt Jm 03 16<L75 JUa HUB Auf 03 SUM S* 03 159.00 ISS 3 (lAcartiAf) MM Oft* Mm** Mfb lav Satt {town) Marvst Jw 03 9175 1000 Jul 03 9540
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  • WORLD news
    • 728 13 07 MEETING They also appear to give tacit approval to the US dollar's slide NYT Reuters [DEAUVILLE, France] Struggling to brighten the global economic mood, the finance ministers of the major industrial countries and Russia agreed on Saturday that while their economies faced multiple
      NYT; Reuters  -  728 words
    • 425 14 UJS. DEFLATION But central bank will keep tabs on development, says vice-chairman Reuters [WASHINGTON] The risk of a widespread fall in prices is "quite remote", said Federal Reserve vicechairman Roger Ferguson. But with US deflation worries growing, the central bank will guard against a further
      Reuters  -  425 words
    • 190 14 Reuters [NEW YORK] Deflation may loom as the next scourge of the American economy, but not every company need to worry that tumbling prices will cripple their business. A handAil of well-positioned sectors and companies will be able to jack up prices because
      Reuters  -  190 words
    • 301 14 LONDON NYT ASHANTI Goldfields of Ghana said last Friday that it was in talks with Anglo Gold of South Africa over a possible takeover that would make Anglo Gold the world's biggest gold producer. Anglo Gold's stock offer values Ashanti at about
      NYT  -  301 words
    • 580 15 Institutions claim they've suffered as SEC seeks to analyse effect NYT [NEW YORK] RARELY has a change on Wall Street been more important in making life better for retail investors than the change to decimal pricing in stocks. Now it is under
      NYT  -  580 words
    • 385 15 WASHINGTON Bloomberg CANTOR Fitzgerald, owner of the largest electronic broker in the US$3 trillion US Treasury market, has its eye on a new commodity: airwaves. Cantor is among the companies whose lobbying paid off last week when the US Federal Communications Commission
      Bloomberg  -  385 words
  • Page 13 Advertisements
    • 1855 13 I H3I FRASER AND NEAVE, LIMITED I (Incorporated in the Republic of Singapore) RESULTS FOR THE HALF YEAR ENDED 31 MARCH 2003 Financial Statement And Dividend Announcement The Directors are pleased to make the following announcement of the unaudited results for the half year ended 31 March 2003: Half year
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  • 970 14 Till h lln trnmt nt«Mii wniMi RECOMMENDATION FORECAST COMPANY NAME THIS WEEK LAST WEEK EPS (C) PE (timet) immMIqm but Ml Mwy flock It folowtd by Ml Vw 29 broken. ThMr rscotnlllO 5 potato »cM»«»>dt»W19»d 10 pco&IMinwn Lar»oyiawnSing«>oi»LM Strong Bmntfuy 4.00 7.2 M&BUHI&ikKl. Undeleiiaa JaooberoLM StrongBuy StrongBuy 11
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  • 781 14 Week ended: May 16 art— m Qw o—t i am o—« Akron 50c 040 OAS -0010 IMSMI «C 0 59 2400 -04S0 CK 040 4.7*0 -0.020 03C Ml 9-250 -0.350 C*MM 112 1 W0 *0.020 OUC 0 54 5.900 OwiMCoriik o»i aw »ooo5 o.« 0.725 ♦0.010 City Dm 50c
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  • 532 14 BONDS WARRANTS Last M Cam fan 'SI Cmt-hS ciwpwr Mi *m- nm Wa I— U» A5T1WD***** 45 -13 145 1 16 58 259 13 MMMMI 2 undt 100 1 SO 643 3.50 1* Amtek 1MJ***** 555 -15 111 1 33 1.59 25 Armstrong \MM0520 15 05 2389 1 10 39
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  • Page 14 Advertisements
    • 302 14 Where to wine, dine and entertain... by: WoriddTExdiigvcPrivileges Treats EEr $5.80 Nett Per Item YE With FREE Choice ot One Coftee/tea/Sofl Drinks or Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese Mutton Stew Saut6ed Chicken with Chinese Sausage It's Time All
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    • 61 14 n MERITUS MANDARIN SINGAPORE l~| Dumpling Festival T* 18 May-4 June 2003 Choose from our variety of v savoury Cantonese, Teochew, Fujian and Nonya dumplings WKJj this Dumpling Festival, these tasty festival delights are prioed KST^' T from $3 00 to $23-80 each. Enquiries: 6831 6285 MERITIS MANDARIN 333 Orchard
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  • 6000 15 Week ended: May 16 524* Last Vol Week UA Quote GrOte Dhr GrVM MM MCjb HM» Urn Ciapwy M» W- OH U» i*m Cw W M ABNAmroNLG 56c 9 12 3.4 138 J 18 9 ACE Dynamics20c 14 cinch 126 15 13 115 14.5 100 142 9 '38
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  • CHINA focus
    • 634 16  -  Impatient investors who want to rash the pace of China's banking reforms are reminded of the lessons of the 1997 Asian financial crisis, reports ChnangPeck Ming Chuang Peck Ming WHILE a strong and sound financial sector is the key to the strength of an economy, those who
      BLOOMBERG  -  634 words
    • 527 16  -  It expects to calm the outbreak within a few months Reports by, Loh Hui Yin CHINA expects to get its Sars epidemic under control in a couple of months but says the crisis would have limited impact on the country's economic growth.
      527 words
    • 281 16 Size matters when it comes to travel bans THE smaller a company, the less likely it is to ban its executives from travelling to China. Conversely, the bigger companies, including Singapore's government-linked ones, have stricter policies about their executives going to China and would lift their travel curbs only after
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  • Page 16 Advertisements
    • 164 16 Ride out the rough waters with Microsoft Business Solutions —Navision 'Jtkfe Ij«t v^ xjHßfl ktclH Iky*^ liM «L I^HSj'V «nHMDHHDH& WF*t V. «*.«r Microsoft Business Solutions —Navision A Business Management Solution for Medium-Sized Companies Management Powerful Mechanism for You know your business. We can offer System Learning Institutions. you new
      164 words
    • 160 16 BAYAN LEPAS, PENANG, MALAYSIA TOP-NOTCH ELECTRONIC FACTORY FOR SALE BY TENDER Free Industrial Zone Floor Area 173,000 sq ft Clean room facilities Ample car parks 120 nos. Land area 6 acres For enquiries, please contact DTZ KL: Brian Koh Tel: 03-*****228 Email: brian_koh9dtz.com. my Closing Date July 15th 2003 Illjlfj
      160 words
    • 38 16 Lianhe Zaobao I outperforms I I the market I I I I I V y 0 0 fe)0° mm Protecting your patent? Cat 1S00-*****22 o r email: RecruiK*sp \-:om.sg tc boo* vO,. Notices advertisement in O'jr newspapers now
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  • BizIT
    • 639 17  -  Growth of 40% in unit shipments for the region, including Japan, is Dell's highest worldwide, Tang Weng Pal learns Tang Weng Fai DELL'S quarterly sales in the AsiaPacific region breached US$l billion for the first time in its history, bolstering the importance
      FILE PHOTO  -  639 words
    • 752 18  -  INFOTECH There's a slew of companies in this game: AT&T, Bell South, EDS, IBM, Qwest, Cable Wireless, Sprint and Verio. Now add one more: Sing Tel raju chellam IT'S a niche market that moves in jumps and starts. It came to life during
      752 words
    • 587 18  -  Analysts cautiously positive, bat some users at the launch more than satisfied with the product Byi Amit Roy Choadhury MICKUbUr l o latest server operating system, Windows Server 2003, debuted here last week before some 2,500 partners and customers in a two-day event
      REUTERS  -  587 words
    • 268 18 Reuters [WASHINGTON] Officials from the US and four other countries took action last week to fix some 1,000 poorly configured computers that may be used by unscrupulous e-mail marketers to cover their tracks. The US Federal Trade Commission, joined
      Reuters  -  268 words
    • 245 18 AFP [MANILA) The Philippines on Friday launched a pilot project with the UN Development Programme (UNDP) to extend science education to poorer areas with the use of the übiquitous mobile phone. President Gloria Arroyo formally oversaw the launch of BridgelT, a US$l.5 million
      AFP  -  245 words
    • 437 18  -  Byi Tang Weng Fai DESPITE the continued glut of data-hosting space worldwide, US-based Equinix Inc continues to pin its hopes in the Asia-Pacific and expects the regional operations to better the market average of 5-8 per cent revenue growth. Equinix holds the Internet hosting
      437 words
    • 287 18 GERMAN business software giant SAP AG's commitment to growing its small and medium business (SMB) segment in the region is showing up in action. In association with the company's stated target of making the Asia-Pacific contribute up to a quarter
      287 words
    • 80 18 IN our BizlT section on May 15, we carried a news report about a hoax played on Microsoft by the software house's UK division. In a press release, the UK division had claimed that Microsoft was developing a portable toilet called 'iLoo' with Internet access. We inadvertently ran the
      80 words
    • 396 18 It hopes to overtake HP and IBM by the end of this year Reuters [HONG KONG] Dell Computer Corp believes it is positioned to overtake HewlettPackard and IBM to become China's top unit seller of servers by the end of this
      Reuters  -  396 words
    • 775 20  - Sars —perk-up or poison for IT systems? SAY IH As more customers do business online, straining Arms' IT Infrastructure, managing IT systems effectively becomes crucial peter alexander THE Sars outbreak has put our IT applications under considerable pressure as consumers and businesses shy away from direct interaction and resort to
      FILE PHOTO  -  775 words
    • 334 20 Reuters [LOS ANGELES] Genius goes online today with the establishment of a new website of Albert Einstein's scientific and other writings, the California Institute of Technology said on Friday. A collaborative effort of the Einstein Papers Project at Caltech and the Albert Einstein Archives
      Reuters  -  334 words
    • IT TAKES
      • 52 20 INTERNATIONAL Data Corp (IDC) will be organising the 2nd edition of the Asia/Pacific Server Vis ion 2003 Conference in July. The theme of the conference is "Planning to Succeed" and it will be held at the Ritz-Carlton Millenia Singapore on July 1 from 9am-6pm. For more details
        52 words
      • 47 20 EMAIL security service provider Message Labs Ltd said it has appointed Heng Chin Liang as its new Asean business development manager. Mr Heng is a nine-year vieteran of the IT industry, having worked before this at Peregrine Systems, Network Associates,9T Computers and Wafer Telecom.
        47 words
      • 41 20 UK-BASED network service provider Vanco pic has appointed Lee Hong Meng as general manager for the Asia-Pacific. Mr Lee brings with him over 10 years of industry experience with companies like Infonet Engineering, BT and Equant
        41 words
      • 91 20  -  OeepOedby Tang Weng Fai FUJI Xero4 Singapore Pte Ltd (FXS) has linked with Nasdaq-listed net Guru Inc to offer eßeview, a solution that enables out-of-offlce collaboration over the Internet and virtual conferences "anytime, anywhere*'. Features include 3D model viewing, and compatibility with over ISO 2D
        91 words
    • 432 22  -  Prices of some of its series cut up to 20-30% By Amit Roy Choudhury HEWLETT-PACKARD'S Imaging and Printing Group (IPG) has launched a range of products here targeted at the commercial and enterprise markets, and lowered the prices of some of its products. Among the
      432 words
    • 189 22 Reuters [SAN FRANCISCO] Police in Yakima, Washington, are installing a first-of-its-kind system of computers in cruisers designed to record and store pictures of every encounter they have likely to end up in court, everything from traffic stops to high-speed chases. Under the deal announced
      Reuters  -  189 words
    • ON THE SHELF
      • 85 22 SUPERIOR Global Communications has introduced a pen-shaped mobile phone, the Haier P5, in Singapore. The PS weighs only 66 grams and fits into a shirt pocket or ladies' handbag. It has an embedded laser pointer. The dual-band GSM 900/1800 mobile phone has a phone book memory of
        85 words
      • 111 22 SONY Marketing Asia Pacific's latest Micro Vault U582.0 Mini-Version storage product is only half the size of the current Micro Vault model and weighs only 12 grams. The device comes equipped with three new software programs, the Auto Zip, PC Lock and Auto Login, that are
        111 words
      • 114 22  -  Compiled by. Amit Roy Choudhury APPLE has introduced its third-generation iPod digital music players, which hold up to 7,500 songs. The new iPods feature completely solid-state navigation wheel and buttons and a new dock with audio out for fast and easy rr>nn<vHrm tn thp computer or
        114 words
    • 587 23 Enterprise commitment to upgrade holds the key, says Barrett Reuters [NEW YORK] Intel Corp chief executive Craig Barrett has warned of a "jobless recovery" if corporate buyers in industrial nations do not upgrade computers to battle low-cost competition from emerging economies. Speaking at
      Reuters; BLOOMBERG FILE PHOTO  -  587 words
    • 452 23 AP [WASHINGTON] More than 130 people and US$l7 million have been seized across the US in operations by the Federal Bureau of Investigation (FBI) and other agencies to stop cyber crime. The Justice Department dubbed the effort "Operation E-con", a collection of separate investigations
      AP  -  452 words
    • 447 23 Bloomberg [SAN FRANCISCO) Sony Corp and other US movie studio owners might succeed in forcing DVD-copy-ing products off the market after a federal judge indicated she may decide the products violate federal copyright law. US District Court Judge Susan Illston said she was
      Bloomberg; AP  -  447 words
    • 991 24  -  LETTER FROM SILICON VALLEY While demand in most segments remains weak, a new report sees buying strength in the 'low end of the high end', reports Jennifer Lien Jennifer Lien WHILE there has been much speculation about the effects of the Iraq war
      991 words
    • 724 24 Technology's special role now being questioned NYT [NEW YORK] Searching for the elusive recovery in technology spending has resembled walking towards a horizon that just keeps receding. Improvement lies just over the next hill, most technology executives keep saying, but the present looks pretty
      NYT  -  724 words
  • Page 17 Advertisements
    • 152 17 4' -'4 i i. i Case not included. Microsoft' Business Booster Kit (Upgrade now to save time and money training* Open License km tagga i I simple. Need 8 server? Try our Smstl Business ttiem fn double cjufcKtime. V ?> Alphasoft Pte Ltd +65 6339 1567 BuslnesslT +65 6292 9778
      152 words
    • 59 17 TOP STORIES Microsoft launches Windows Server 2003 in Singapore Pg2 Equinix nears completion of Asia-Pac restructuring P*2 Intel CEO warns of jobless' economic recovery Pg7 A bit more upbeat about IT demand PgB Is IT still a growth industry? P*B COMMENTARIES R^nCbellam: Expect a resurgence in the Web-hosting market Pg2
      59 words


  • Page 19 Advertisements
    • 144 19 invent The store never closes. HP helped Amazon.com® design a environment, flgj one exceptionally secure, stable, flexible and ST ■■M economical. The site stays up and running, ensuring that, -< H at 2 a.m., you cdn order the odd little item you simply "w amazon.com can't do without, www.hp.com.sg/plus-amazon mL.
      144 words

  • Page 20 Advertisements
    • 45 20 Oracle Makes Linux Unbreakable <# i* Everyone knows Linux costs less Now it's faster and more reliable too oracle.com/linuxfaster or call 1800 *****31 Copyright C 2003. Of artaMngMiraaarvad Oracla n ragntarad tradamart o» Ofacla CofpofaOon a«Vof itt af»*ata« Othaf nafftti may ha tr a<taaiart< raapacVva ownart
      45 words


  • Page 22 Advertisements
    • 60 22 I«&- 1 I 1 A #1 Who Streats readers refer to advertisements and are early adopters with an eye for I I |w image-conscious, they pay attention to that #SS a 9w SPH-Syno*ate Rsssvcti Nstionsl Profile Professionals, Managers and Executives 33% 22% Jf Median monthly household income $4,727 $3,965 Sown:
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  • Page 23 Advertisements
    • 143 23 ■HUH i >?•! [Tj HP Open View. It's modular-based so you can be up and running to achieve ROI in just 63 days. Created to be the most powerful multi-platform management solution to get your business up and running in no time, HP Open View allows you to reap the
      143 words

  • Page 24 Advertisements
    • 1091 24 AN ADVERTISING FEATURE HOWAGIMWOyMUSINESS? strategy for Enterprise can help make It is not uncommon to hear shape its solutions, services real-life stories of how a Benefits of an and technologies: Agility ASSGSSPI6fIt ScrviCC company takes weeks to Adoptive Enterprf* Simplification: Running a HPi Agility Assessment Service provides a structured approach
      1,091 words

  • SHIPPING TIMES
    • 304 25 Contributed by Simpson Spence Young THE impact of the various holidays has left very few sales to report but there are reports of 5 ULCCS and 2 VLCCs being sold for demolition, all with delivery China or Bangladesh, between US$l97 and US$2Ol per ton lightweight. BULK CAHKIEBSg Stellar
      Contributed by Simpson Spence & Young  -  304 words
    • 272 25 sax 'ooo myt> a i* CWT Distribution—0.60 -0.01 22 Chuao Hup 0.38 0.01 342 CH Offshora 0.19 uoch 41 Coscotovastmant_0.24 0.01 141S Frught Links 0.05 0.01 1420 OB holdings 0.56 -0.01 1 Java Holdings 0.34 -0.01 235 Kappai Corp 4.56 0.06 1236 KlVantura 0.18 uoch 551 Kappai T
      272 words
    • 370 25 American class society's negligence contributed to tanker's sinking, it alleges Reuters [MADRID] Spain has filed a US$5 billion lawsuit against the American Bureau of Shipping (ABS), alleging the classification society's negligence played a part in the sinking of the Prestige, a government source
      Reuters  -  370 words
    • 257 25 Paris MOU to enforce rigorous policing from July Reuters [LONDON] Substandard ships and notorious flags of convenience will soon face stricter inspections at some of the world's major ports, a leading marine inspection body said. The Paris Memorandum of Understanding on Port State Control (Paris
      Reuters  -  257 words
    • 272 25 AFP [CALCUTTA] The Indian coast guard has rescued the 22-member crew of an Indonesian cargo ship carrying oil and soda ash which sank in the Bay of Bengal on Friday. The ship, the Saragitis Biru, was on its way from Porbandar
      AFP  -  272 words
    • Article, Illustration
      354 25 [SINGAPORE] The world's biggest container ship sailed into Singapore yesterday, setting a new milestone both for the container liner business and the PSA Corp terminals. The OOCL Shenzhen is the first vessel declared to be able to carry up to 8,063 TEUs (twenty-foot equivalent units) of containers. For
      354 words
    • 207 26 PAGE Avant 6 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CM A CGM 3 COSCO 3 Chahaya 6 China Shpg 5 Confer 6 CWT Globelink ...4 Del mas 4 Dongnama 3 EP Carriers 6 ECL 3 EIS 6 Eng Lee 6 ESP Lines
      207 words
    • 922 26  -  DOCKYARD -By David Hughes SHIPPING is becoming accustomed to having to put into practice rules and regulations imposed on it by politicians who have little understanding of the practical implications of their edicts. It looks like the rush to save the
      FILE PHOTO  -  922 words
    • 13860 31 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SM Oest'n Mwne Nam* Number Number SIN Dest n Name Name Number Number 30/05 06/06 PACC Coot PAC PALAWAN PW009 65 *****55 To ABIDJAN (ABJ) 2003 Cot* D'lvoire 3V05 07/u btl j balsam i»
      13,860 words
    • SHIPS IN PORT
      • 413 33 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL FAREAST EXP 93 J15/16 A/SIDE 18/05 1800 MAERSKSEEKER 0305 J14 A/SIDE 18/05 1800 PRINCESS LIL 0403 J17/18 A/SIDE 18/05 2359 SHANNON EXP 06/03 J3 A/SIDE 18/05 1100 SINCERITY TOC42 J6 A/SIDE 18/05 1300 TRICHORDSUCC 84A J23 A/SIDE 18/05 1500
        413 words
      • 2071 33 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Be i thing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 079S 0795 1 20/05/2003 700 2005/2003 16:30 ACX MAGMOUA 063N 063N 1 *****003-800 2MJ***** 2200 ACX SAKURA 017S 017S 1_ **********00 1905/20M 200 T03 ALTONA 337
        2,071 words
      • 140 33 May 19 Canada: Victoria Day May 26 U.K.: Spring Bank Hoi U.S.: Memorial Day May 29 Indonesia: Ascention Day France: Ascention Day Germany: Ascention Day May 31 Brunei: Armed Forces Day Job 1 China: Children's Day. Jon 2 Italy: Anni of the Rep. NZ: Queen's Birthday. Job 4
        140 words
      • 757 33 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indi cated The Cockett Bunker Price Index change and
        757 words
      • 423 33 Cfftoa no Mm 1005.1 0.7 15.2 0.08 144 0.03 m— q >—■*.. maim ti ihht AiJlAJmm MM SadlMflt No aOovf E2S 3 0 2 0 2 0 222! 380 Aw 980.5 0J 13.1 0.04 18 0.02 ,.L! 380 MM 991.9 15 18.4 0.07 41 0.05 ggg
        423 words
    • AIR & LAND transport
      • 633 34 S&rs aggravates slump in demand caused by Iraq war and terror threat Bloomberg [TOKYO] Japan Airlines System Corp, Asia's largest carrier, forecast a 43 billion yen (*****.3 million) net loss this year as the Severe Acute Respiratory Syndrome (Sars) virus puts people
        Bloomberg; AFP  -  633 words
      • 522 34 Indian Airlines, Jet Airways offering np to 60% off to retain market share AFP [NEW DELHI] India's state-run Indian Airlines (LA) and private carrier Jet Airways, which together account for 90 per cent of the market, have launched special schemes offering fares
        AFP  -  522 words
      • 457 34 It was allocated sharply fewer flying slots than it wanted Bloomberg [BRUSSELS] Virgin Express Holdings, a low-cost carrier owned by UK tycoon Richard Branson, has abandoned plans to start flying from Paris Orly Airport because the carrier coufd not
        Bloomberg  -  457 words
  • Page 25 Advertisements
    • 30 25 J a n a n Hpo Indian airlines Sgm launch Airlines Wrn price war System forecasts 43b yen cap poses danger to ships lOSS m BACK RAGE m PAGE 2
      30 words
    • 121 25 From personalised maid services to recreational facilities, complemented by stylish dining and living areas, fully-equipped kitchen and bedroom with en suite bathroom, Ascott International Serviced Residences will have something for your every need. Let us refresh you for your next voyvge. The Ascott Singapore at 6 Scotts Rd Somerset Compass
      121 words

  • Page 26 Advertisements
    • 816 26 I TO USA/CANADA I I CXPOtif I I OOm I [rem Iwil TWiMWHW WWWIMM ««W I PW BDU.OYO SHTTYtSAUT HOI 20/05 21/05 04/06 10/04 13/0* 11/0* 11/06 14*4 g vtssa M STO J Ul Aft ooamroH 31m 27/05 21/051 13/04 17/04 21/04 11/04 11/04 21/04 y|| 4« 25/05 27/05 04*4
      816 words
    • 419 26 lines ien*» raprwartad by fx. i Mambara of iha Ragijlry of ISJacd-M*«***■* tS, Singapore Shipping Auoacton a™j" COMVENDONAL CARGO ran BAN6/SMG«ran/jMuutn mmkk \W KTAPW. ETA SIN tTAMALE lUtdsur SMA »*> &*> B« Prtafww Llh MB M« WW l&W LIU MARINE SERVICES SINGAPORE rtarUMWOHM NeC»47M« SCANCHART AGENCIES SDN BHD E t
      419 words

  • Page 27 Advertisements
    • 1173 27 TO EUROPE FROM EUROPE vtssa wr aw ai m hmi wv sou ta Ifwaa Ivor ami mi «v sou it sw NIUNMIHtBOOM 313*11/0531/0506/06 00/06 10/06 04/06 MNjjMMjB IM iol*s I«/» MM Wm* API CORAL 112W22/05 11/06 13/0609/06 MOmKBOH Mi 82/B 01/H 03/05 Ml PtRFORMANCE 001WZ3/ISO4/W 09/06 11/06 13/06 M/H MBMNWWOK
      1,173 words
    • 1227 27 1 1 INUNONSfimCinM SWMPOtI TO BtACK SM VIA MKT SW OMSSA (VKMMQ It MS KYCaim (HIjUH) Jfi BflfC ■BUtKamaSMtfOa: MMMBONOOHMO MIB/M TH:M2MIS7/43 ML 47H5321/24 I 7!L«. S!S COSTAR SHIMING PTE LTD wmkmin ammnp/u mwim tntsns/rs I COMJTAMTZA (VOMANA) 23 DATS aMMin/»«2Ei rr ,W r,B 1******100ftA8) MMUtXD Oi MIM7M UItUIVM I
      1,227 words
    • 434 27 tea msißKiniEianiiwii rasa vot sm *t hc khh h wis W«P«SM 231 HTWttUWAMWSTO IMS 21/5 24/5 »/5 30/5 J/4 4/4 mmosm—flß Z3s! Si iSi 5E 3$ 3$ 3SZ kyundaj rtoGcss mis 21/s 31/5 5/4 4/4 9/4 11/4 CAMLUBOMBS 3Q3N V 4 7/4 IIV4 IV4 15/4 IV4 H/4 2M4 21/4 —rl!2
      434 words

  • Page 28 Advertisements
    • 1291 28 HMAf 7 HYUNDAI MERCHANT MARINE CO., LTD. a HO. IM47WKKmi [mm. ~W "3T sou |ra amt ham |aw [vissa vot I son ieh itm I amt I ham |mv TT" htrbdom 3ijw Tvm loTm m/m m/m m/m mxpiecbion oov w/« oj/os m/m nm m/os AftCOOAL IIJW 71/4S M/M 10/ M
      1,291 words
    • 1409 28 WAN HAI PUdNATIONAL Fit UP qwmiwfm«/i Vr.A IH:42MISI» 04UNB) FAX:*****1*3 W\WAN HAI LINES 1L gm m w aumiwißimim mean omnia mi) amu/mim mmkmt «*WIW»«WI »«»«■■:7IUM/m»l Mtmi* ®*OBMo3MMOMOOMMOOOO^^^^^^^^^^^^^^^ rCTT MIHJ IMK life Utsb JtS W5 I ImmTII UN \m IMS IMS 7171 AS MS S« M M M -I lumon ms
      1,409 words
    • 681 28 BSA ja. MYANMA ■B FIVE STAR UNE (My— NcHmml Lke) LMdhf lor Ym« vtssa vor sm m m no PAGAN MAW SI NPA-AN N7W SI M MALAYSIA: OOUSTIAD SHIPPING AGHKKS lUL 01-*****300 PtL 03-3176*101 Pf* 04 *****0? v—* BANK LINE (A imrici A«4rtw Weir Shipping) northbound to europTl V CONttMBt,
      681 words

  • Page 29 Advertisements
    • 1635 29 UK CONTINENT SERVICE toedngtor SMART ROM/ATW/BMN/UK/NAN GULSER ANA ROM/ATW/BMNAJKMAN Loads Singapore. EVW Matayaa. Indonaaa MIDDLE-EAST SERVICE Loading for BRAVE JOHN JDH/AQA PRABHU DAYA DBI/ABU/DOH/BRN/DMM/KWT PACIFIC SUN II JDH/AQA NEW BARONESS 081/ABU/DOH/BRN/DMM/KWT IRINI DBl/ABU/DOH/BRN/DMM/KWT •Loads Sngapore. E7W. MalayM. Indonesia USA SERVICE Loading for AROURA AMETHYST CAM/NFK/SAV/NOL ALFONSO MZL/LAX/VCW SEA BEE CAMA4FK/SAV/NOL
      1,635 words
    • 1219 29 JBffl *2i m m jassa m m tm um urn— jkjui m h/m ii/m fSfil UZfS liZK_ MM«W»7 Ilift 22/05 25/05 mum s*!i azis »/qs KiR? 1 5"? —20s jmjaba ma 21/k n/t? ggggy _w; w/ti >i/ts pkww am nm a/n J*CM*W WS4W 74/05 74/0$ PA< OAMDA ms» 2s/os M/ori
      1,219 words

  • Page 30 Advertisements
    • 749 30 naiwioa mm 2324/ os 31 oi/m d*o7/m I TI6H SHARK OS4N 2/71/05 MOS/W ICHI/M I neasrr oosn 3031/05 0700/04 13 u/o* I neasu osm 03 04/04 1112/04 imi/m I 5M CAi. xrtES lENOWN i M 7TTVOS 3i***** I UGHIYIOM SM 7* 74/05 01 02/04 1212/04 I MUM 427 20 21/05
      749 words
    • 853 30 VESSEI MAMf VOT SMGAPO4E FORT EE LANG OffTUCOHG MONGU ETA ETA ETD ETA ETP ETA ETD PC HONOUR 07W060 TMI 24/4S 21/45 H/4S 25/05 2R/4S OCIARR 01W050 THU 22/05 23/05 24/05 27, OS 31/05 OCPWOTT *****5 SAT 24/05 21/05 2S/0S 21/ OS 03/06 IRW SEA STAR UNO 10 THU W/05
      853 words
    • 1211 30 I Tit? |PDZ LINES S^-rsinoaal I/1 ff OWOBHSBVKI: IE: *****1-5596 HUL ********** I SWSAPOtfc TOMG JOO SMPWMG HI (TP I IcbbsPDKBH^^QEB^SBDD^BDEBIBDBBD^DO ||m«*msi lim n/n |cMmiG|3oi; I i4/os|w!!!u!« mh m/m cwoa mh »/«s IIMKAMSS IMl) »/•S GISWH 3017 IS/OS IK-CBWMaT MI7 77/95 VMM Mil M/M jOOZ 30/05 M/M |«m*msi in; p/fi
      1,211 words
    • 276 30 RREAKftULK A CONVENTIONAL SERVICE DIRECT SBKVKZ FROM STORE TO KARACHI Ivissa voyage etasmgapcte tikuuat ISwpAi 007Wr Tvwn os/mp i Smmitm* SEA-PAC MANAGEMENT PTE. LTD. 70 Anaon Road •17-07 AM Oym Tower, ftnw" l 07*9908 TabplwMe 6270 0977 FacsMhc 6275 2309 Nl Telex: tS ***** SEAP AC MRECT SR< NAMPO, OJJL
      276 words



  • Page 33 Miscellaneous
    • 123 33 Jjfafe I FOR 7AM 19 May 2003 gßßßfejjlill /2kfc# ~Tk l' J cr Issued by Meteorological Service Division,NEA LEGEND: I <C Thunderstorm Wind speed symbols Showers Full c r( ,e ,ine indicates calm or light and variable winds p ajn One half fleche represents 5 knots Cloudy Day -One full
      123 words

  • Page 34 Advertisements
    • 176 34 We began with the tag as the world's more value added activities, make us an fastest growing port. Today, we have excellent business partner as well as a received accolades and awards by the proficient terminal operator. international shipping community for All this is also why we won the 'Best
      176 words