The Business Times, 24 April 2001

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Total Pages: 44
1 44 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SIN GAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, APRIL 24, 2001 85C
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  • 48 1 sn MBUO (+28.71) bt-su <7X5t (+14.09) ST INDEX FUTURES U7OOO (+19.00) SUSCI FUTUKES 210J0 (+2.30) STOCK MABKET INDICES Wednesday Change KLSECOMP NIKKEI HANG SENG SET INDEX JAKARTA COMP CLSA CHINA B MANILA TAIPEI. SEOUL COMP AUST ALLOW) 1.4-Spm EST Change DOW —-61.78 DOW __.-51.78 DOW -61.78
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  • 79 1 FOREX SATES us$ s$ US$ (S$ per USS) 1.814 £(US$/SSper£) L440 2.612 EURO(L'S$/SS/E) 0.902 1.636 DM 2.168 L196 YEN 1213 67.40 RM 3-800 1096 HKS 7.799 4L301 BAHT 46.66 26.18 RUPIAH 118,60 6,634 *S$ to 100 units FUME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA
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  • 739 1  -  Deal will give it global exposure and more than double room inventory By Marissa Chew [SINGAPORE] Raffles Holdings Ltd has beaten three other suitors to the 23-hotel Swissotel chain in a 410 million Swiss franc (***** million) deal that will
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  • 579 1  -  Froml Shoeb Kagda in Jakarta INDONESIA'S second largest giant conglomerate, the Sinar Mas Group, is looking to sell one of the most profitable companies in its corporate empire Sinar Mas Agro Resources and Technology Corp (Smart) for an estimated
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  • 533 1  -  Fnnd wants budget revisions approved by Parliament first From\ Shoeb Kagda in Jakarta CASH-STRAPPED Indonesia yesterday faced the prospect of bankruptcy as the International Monetary Fund (IMF) delayed a vital review of its aid package to the country until Parliament approved major budget
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  • 668 1  -  -jdexclusive He says in memo to listed nnits here he won't give them op By] Ling Su Ann [SINGAPORE] Sjamsul Nursalim, who is under arrest in Indonesia on corruption charges, has sent an internal memo to his Singapore companies assuring them he
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  • Page 1 Advertisements
    • 125 1 maPB Top Stories Nera telecom's Q1 profit up 67% to $3.8 m. Pg 3 city3k launches Internet-based debt exchange. Pg 4 Americas free trade zone to be created by 2005. Pg 21 Exxon Mobil, Conoco report robust Q1 earnings. 3M Q1 profit up 24%. Pg 19 ■111 8 ****** r*****4"
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    • 65 1 4 I don't know why he should jjtil come, because he is on holiday... Sn? '< I J l,s t fought with him. That's jdr f why he came (to Parliament) If to listen to my voice, j j »Report. Case U Bush expected to defer r Koizumi set to
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    • 21 1 RHL should tell investors more, Next Page Insurers, fond managers wooed, Next Page Capttsljmd oloso to $83m hotel deal, Pg 3
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    • 7 1 Editorial: Indonesia and the IMF, Pg 12
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  • NEXT page
    • 741 2  -  l-i1 comment PROPERTY lee han shih ANOTHER day, another government-linked company (GLC) buys a major asset overseas. Problem is, investors always seem to have trouble telling whether the purchase is a good deal. Yesterday, it was the turn
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    • 731 2  -  |:li exclusive NTUC Income among those targeted for np to $lb in bonds for Raffles City securitisation By. Loh Hui Yin [SINGAPORE] Major insurance companies such as NTUC Income and fund managers like Schroder Worldwide Property Fund have been approached to buy
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    • ON THE grapevine
      • 79 2 IS it becoming a trend for Singapore government-linked companies to boost other countries' stock markets? First, DBS single-handedly lifted the entire Hongkong banking sector by its proposed purchase of Dao Heng Bank. And yesterday, the Swiss market got a boost when news came out that Raffles Holdings is
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      • 101 2 THE name Jeff Chou may not be familiar to local readers, but he is the epitome of the dotcom crash. The former Cisco Systems engineer exercised his share options and reaped US$6.5 million. Unfortunately, this windfall came with a tax bill of US$2.5 million which he
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      • 56 2 FROM Barton Biggs, the sceptical chief investment strategist at Morgan Stanley, on US Federal Reserve chief Alan Greenspan's latest present to the stock market, the 50-point rate cut. "I do want to throw 'cold water' on the rally. But this is a move to sell into and
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  • Page 2 Advertisements
    • 148 2 t *r.« j w u i^^iiy.' O; HKlfflPK r Happy Secretary's Week 4 Celebrate with a 20% discount on ladies footwear until 29th April, 2001. hush Hush Puppies Boutiques: Centrepoint #02-01 Great World City #01-09 PUPPIES' Ngee Ann City #81-51 OUB Centre #02-10 Plaza Singapura #81-06 Tampines Mall #02-21 Favourite
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  • SINGAPORE companies
    • 362 3  -  Systems integrator's turnover almost donbles to $<&2m By\ Serena Ng SYSTEMS integrator Nera Telecom said yesterday first quarter profit jumped 67 per cent to $3.81 million on substantially higher earnings from its three main business segments. Group turnover for the three months
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    • 634 3  -  lock siew angela tan HAREHOLDERS of OCBC had a rude shock on April 9 when the bank revealed it had not any of its non-core property assets of poor property and equity market conditions. OCBC said its plan to divest these assets
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    • 395 3  -  UOL believed to be bqyer of rtiton in the hetoli By Kalpana Rashiwala CAPITALAND is close to inking a deal to sell off its stakes in three loss-making hotels totalling just over 1,000 rooms in Yangon, Hanoi and Suzhou worth about
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    • 695 4  -  Platform for buying, selling debt in reinsurance industry By Angela Tan BAD debt, a taboo among most businessmen, is being transformed into a potential money spinner by city3k, which has launched an Inter-net-based debt exchange for the reinsurance industry. Englishman Alex Letts, 41, the brains
      ARTHUR LEE  -  695 words
    • 297 4  -  By i Conrad Raj THE Hai Sun Hup group, operator of Australia's biggest chain of luxury hotels, has fallen victim to the weak Australian and New Zealand dollars and is the latest company to issue a profit warning. It has
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    • 271 4  -  Analysts cautious about reading too moch into purchases By. Liew Hanqing TOP executives of DBS Group bought a total of $2.02 million of DBS shares in the market last Thursday, perhaps to send a message to punters who recently battered the stock
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    • 133 4 SINGAPORE Food Industries yesterday reported an 18 per cent growth in profit for the first quarter to $6.6 million against last year's $5.6 million. This was achieved on the back of a marginal increase of 4 per cent in turnover to $91
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    • COMPANY Briefs
      • 83 4 THREE directors of the Auric Pacific Group—Tony Tan Choon Keat, Wee Sin Tho, and Tan Kai Seng—will be stepping down from their posts following their unsuccessful re-election at the company's annual general meeting yesterday. Mr Tan Kai Seng will also cease to be
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      • 79 4 ASTI Holdings said yesterday it has received in-principle approval from the Singapore Exchange for the listing of new securities in conjunction with its proposed rights issue and warrants issue. The Sesdaq-listed firm is also proposing to increase its authorised share capital to $50 million from
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      • 87 4 HO VERT Investments, a member of the Kuok group, said its takeover bid for Pacific Carriers Ltd has become unconditional. As of yesterday, the level of acceptances received for the basic offer of $1.25 a share hit 53.17 per cent. Another 7.1 per
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    • 564 6  -  But the ratings agency says Asian contagion is unlikely By Angela Tan INDONESIAN banks are the least prepared in the region to survive another economic storm given the US and Japanese malaise, but an Asian contagion is unlikely, ratings agency Standard Poor's (S&P) said
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    • 334 6 The purchases will expand its customers and technology Bloomberg CHARTERED Semiconductor Manufacturing Ltd, the third biggest maker of custom chips, is looking for acquisitions to expand its customers and technology, chief executive Barry Waite said. Acquiring newer technology will help Chartered take on more
      Bloomberg  -  334 words
    • 217 6 MORE force-selling has reduced further Ultro Technologies executive director Sim Mong Huat's stake in the company. In filings to the Singapore Exchange yesterday, Ultro said Hong Leong Finance Nominees force-sold a total 438,000 Ultro shares held by Mr Sim last Tuesday, Wednesday and Thursday.
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    • 272 6 SINGAPORE Exchange Derivatives Trading (SGX-DT), the futures trading arm of the Singapore Exchange (SGX), and financial information provider Bloomberg LP yesterday announced that derivatives contracts on the SGX electronics trading system (SGX ETS) will be made accessible via Bloomberg terminals. With this electronic
      FILE PHOTO  -  272 words
    • 322 6  -  By Trina Foo EASTERN Asia Technology Limited (Eastech), a Taiwanbased company involved in audio and visual products, expects to maintain growth this year, despite the lacklustre global economy. Chairman J Tim Liou said yesterday the company is confident of maintaining its gross profit margin, which
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  • Page 3 Advertisements
    • 302 3 T|l u II faTiT •«TTTt 2 ib 1 aTfIV |1 V A V M ATI I U LLWifl IH I ILI 111 TIT 1 I J 1 I I II i T Imagine when the world's 600 million baby boomers retire, without adequate or medical insurance to sustain their quality
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  • Page 4 Advertisements
    • 123 4 POWER WHEREVER YOU NEED IT. WHENEVER YOU NEED 11. Whether your power needs are for short term, long term or even an emergency, you can now rent your power from Cummins Power Rent. We'll deliver the power you need. Where you need it. When you need it. And the way
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  • Page 6 Advertisements
    • 282 6 a classy convertible. k ™s^m*. Trade online with Sassoon Interactive and win the new Volvo C7O Convertible. Fast, safe, reliable and packed with a host of amazing user friendly features. And if you appreciate these qualities Visit www.sassooninteractive.com and be amazed by the multitude of user-friendly features. in our new
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  • Page 7 Advertisements
    • 141 7 HI m (Mil iT» "i T f IVB %jMMitJPpaMMMßiigifc(M ***** 11 to be licensed in Singapore Awarded by Infocomm Development Authority of Singapore's Controller of Certification Authorities, the licence indicates that ID.Safe has met the stringent requirements set out in certificate policies and practices, operational procedures, security policies and financial
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  • SINGAPORE markets
    • 604 8  -  I-Id comment STOCKS ven sreenivasan SELECTIVE blue-chip bargain-hunting and short-covering helped Singapore stocks reverse early losses and start the week on a positive note. After falling to 1,649.27 points in early trading, the Straits Times Index clawed its way back
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    • 168 8  -  WARRANT WATCH By Ven Sreenivasan THE suspension of Sinar Mas-controlled Asia Food Properties and Golden Agri stirred considerable interest in other In-donesian-linked counters yesterday. One of these was infrastructurebased Ipco International, whose stock rose 3.5 cents, or 12.5 per cent, to 31.5 cents. Meanwhile,
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    • 229 8  -  HOT STOCK By' Ven Sreenivasan SHARES of ST Assembly Test Services, which have been sliding steadily since the start of last year, slipped a cent to $1.74 yesterday after rising during the three previous sessions. This local price is still a shade below the counter's
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    • 331 8 Stock* Volume GES Irrtl Ltd 20c 21,687,000 Chart Semiconductor 26c 19,822,000 PCI 25c 12,337,000 Omni Ind 10c 11,504,000 Poh Lian 10c 10,351,000 AddvalTech 2.5c 10,007,000 Golden Agri USIOc 8,545,000 Hyflux5c 8,096,000 ST Assembly 25c 8,081,000 Asia Food&Prop 7,744,000 Sioda Chart Semiconductor 26c 97,240,010 DBSGrp 62,556,384 Datacraft 10c 32,025,557 Omni Ind
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    • 529 8  -  I :i i comment CURRENCIES Euro, yen skid after early strength; tumbling rapiah leads regional units larry wee NEWS yesterday that Canberra had rejected a Aslo billion (559.3 billion) Royal Dutch Shell bid for Australian energy firm Woodside forced the Australian dollar
      Source: Reuters  -  529 words
  • 2673 8 UNIT TRUSTS FUNDS Manager's prices (Ss)'Apr24 Ab«rdiwi Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.775 0.815 Global Technology Fd!** 0.733 0.770 UK Blue Chip Fd!** 0.797 0.837 American Opport Fd 0.869 0.914 Cont Euro Eqty Fd!** 1.087 1.142 Japan Eqty Fd!** 1.227 1.289 Asian Fixed Income Fd 1.094
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  • SINGAPORE news
    • 425 9  -  Liquidator of building firm also claiming $110 m from founding family in civil suit By Conrad Raj A FORMER deputy managing director of Housing Board contractor Tong Tien See Construction (TTSC) yesterday pleaded not guilty to charges of receiving kickbacks
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    • 447 9  -  Spending rose only 2% as income rose 5.4%: ACNielsen By' Teh Hooi Ling SINGAPOREANS are not spending more despite making more money, according to studies by ACNielsen on retail trends and consumer shopping behaviour. This spells trouble for retailers, according to the market
      FILE PHOTO  -  447 words
    • 264 9  -  =tt=l on the economy consumer prices By Ling Su Ann SINGAPORE'S consumer prices rose by 1.8 per cent in March from 1.3 per cent in February mainly due to higher housing costs. Prices were up in all categories except the transport segment which remained unchanged.
      Source: Dept of Statistics  -  264 words
    • 263 9  -  By\ Elaine Phua TICKETING service provider Sistic was corporatised yesterday. Formerly the ticketing arm of the Singapore Indoor Stadium, it will operate as a separate entity, known as Sistic.com. Announcing this move yesterday was Ng Ser Miang, Singapore Sports Council chairman. He will serve on the company's
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    • 490 10  -  French group teams np with Citigroup, Deutsche, HSBC in BondslnAsia By Serena Ng FRENCH banking group BNP Paribas has joined online bond-trading network BondslnAsia, whose founding shareholders include Citigroup, Deutsche Bank and HSBC. BNP has invested an undisclosed sum for an equal stake
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    • 370 10  -  It's Ist local digital certificate authority licensed by IDA By 1 Tang Weng Fai ID.Safe Pte Ltd yesterday became the first local digital certificate authority to be licensed by the Infocomm Development Authority (IDA). Digital certificates are issued by commercial certificate authorities (CA) to facilitate
      FILE PHOTO  -  370 words
    • 219 10 JTC Corporation has scaled back its release of land for industrialists, setting aside 35 to 40 hectares for application this financial year, compared to 40 to 50 hectares last year. A press statement from JTC yesterday said that the land is for its open
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    • 132 10 THE Consumers Association of Singapore (Case) has joined the International Association of Consumer Food Organisation (lACFO). lACFO is a coalition of consumer groups that tackles issues relating to nutrition. The group helps consumers decipher information from manufacturers that may be misleading, and explores
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    • 367 10  -  MAILISTsTfI Henry Lint Li Shun Singapore, via Internet WITH the voice of the Consumer Association of Singapore (Case) getting louder these days, it seems to me that Case sees its role towards the consumer as merely advocating their rights in every situation. There is
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    • 228 10  -  Liew Sin Hun Singapore IT was really a big shock to me when I received a Notice of Assessment from the Inland Revenue Authorities of Malaysia, notifying that the income tax rate for non-resi-dents is a flat 30 per cent rate, instead of the sliding
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    • 179 10  -  Chua Hong Wee Singapore, via Internet I REFER to your article "Decide who English campaign is aimed at" by Jaime Ee (BT, April 13). I suggest the government set up a board to vet all signs and stall names. Some
      FILE PHOTO  -  179 words
    • 361 10  -  Anita Gupta Perth, via Internet I READ with considerable interest Eddie Toh's article, "Is the Asean story still a good one?" (BT, April 16). I believe that until Asean radically re-shapes itself, it will continue to lose credibility and relevance, and will
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    • 165 10  - Single stock futures outright contracts Frankie Lim Choo Beng Singapore, via Internet I REFER to your article "SGX plans Q3 launch of futures based on individual blue chips" by Ven Sreenivasan (BT, April 18). I read with interest on the above plans by the Singapore Exchange, but am a bit
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    • 133 10  -  Yeo Siow Kuang (Steve) Singapore THE self-answering telephone service system is now commonly used especially in government departments, banks, credit card houses and some large organisations. It is intended to increase productivity, but my experience shows this has not been the
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    • 110 10  -  Ho Tong Fatt Singapore, via Internet I REFER to your article "Foreign banks take fight to local banks" by Siow Li Sen (BT, April 20). It is good to see foreign banks coming in to increase the level of competition in the
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  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 62 10 We welcome letters. E-mail us at btletterf&sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s We need your full name, address and telephone number, so we can verify it came from you. Pleaseuse temperate language, and bear in mind libel laws.
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    • 7 10 CATS. Buy II Sell It Find It
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  • FOCUS property
    • 563 11  -  Little action at Jervois Regency and No 1 Holt Road, reports vuiuisuiunHi VINCE CHONG SALES of new projects were lethargic at the weekend, as illustrated by the lack of action at Jervois Regency and No 1 Holt Road. Just three units were taken up in
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    • 352 11  -  Road-widening completed; tender doses Kay 23 for 11 plots starting from 15,069 sq ft By Vince Chong ELEVEN bungalow plots at 200-208 Jervois Road have been relaunched for sale by tender. Owned by Duchess (Nasjjjm) Development, comprising a group of private Singaporean investors, and marketed
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  • Page 11 Advertisements
    • 690 11 LABROY MARINE LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty First Annual General Meeting of the Company will be held on 17th May 2001 at 11.30 am at 1 Maritime Square, #11-23, World Trade Centre, Singapore *****3 for the
      690 words
    • 145 11 »4JM w /'X HiJ Description 3 blocks of warehouse cum 2-storey office Land Area 18,009.5 sq m /193,854 sq ft Gross Floor Area: 7,780 sq m 83,744 sq ft Tenure Lease till 2019 Call: 262 3885 Fax: 262 6928 PRIME INDUSTRIAL BUILDING FOR SALE Address 1 Kallang Place Description A
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    • 461 11 «rat«SEsfrom: TRADESET 2001 -JP MORGAN I AT -CITIBANK If* I Asfarfi Premier Trade Settlement euroclear BANK Event Of The Year TO WATERHOUSE How To Streamline Your R SHRIVER° Processing, Clearing associates m :%%xcu*mes SETTLEMENT OPERATIONS SUN HUNC KAIA CO. MAY 15th 16th, 2001 umdlecorp' TK GRAND COPTHORNE WATERFRONT, SINGAPORE Key
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  • EDITORIAL & opinion
    • 798 12  -  E7TT3 bottom line OPINION leon hadar The writer is BT's Washington correspondent PRESIDENT George W Bush and 33 other Western Hemisphere leaders, meeting in Quebec, Canada, over the weekend, and facing strong opposition from anti-globalisation forces in their countries, have made
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    • 74 12 'What we're experiencing now is not so much a recession as a change in economic lifestyle. We're moving from an economy supercharged by capital investment, a booming stock market and rising consumer debt, to an economy that has none of those. And we're a long way from
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    • 636 12 EDITORIAL IN a rare display of apparent fiscal resolve, Indonesia has agreed to try to contain its budget deficit to 3.7 per cent of GDP this year, down from an earlier estimate of 5 per cent plus. This may open the way for the long-delayed disbursement
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    • 1002 12  -  Apec offers the US a vital, non-military anchor in km enabling it to play a constructive, ongoing role with the other members By William Bodde, Jr The writer, a retired US ambassador, was the first executive director of Apec THE recent mid-air
      AP  -  1,002 words
    • 769 12  -  COMMENTARY Anti-globalisation activists hurt the very people and canses they claim to champion By\ Paul Krugman The writer is a professor of economics at Princeton University THERE is an old European saying: Anyone who is not a socialist before he is 30 has no heart;
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  • MALAYSIA news
    • 547 13  -  BTH MALAYSIA PLAN This includes RM926m for B&kun project; BMftflm for transport sector From] Diana Oon Abdullah in Kuala Lumpur THE Malaysian government intends to borrow RM8.23 billion (5514.9 billion) over the next five years in order to fund its development
      AP FILE PHOTO  -  547 words
    • 502 13  -  Private investment has yet to return to pre-crisis levels From Diana Oon Abdullah in Kuala Lumpur MALAYSIA hopes to boost productivity under the Eighth Malaysia Plan (BMP) to reduce the economy's reliance on input-driven growth. This will prove to
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    • 389 13  -  It's aiming to be 2nd most efficient water distributor in M'sia From Eddie Toh in Kuala Lumpur JOHOR, which supplies the bulk of Singapore's water needs, will put in place one of the most modern water management and distribution systems in Malaysia in the
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    • 465 13  -  RHB and ÜB6 say discussions will begin immediately on an 'exclusive basis in good faith' From, Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Rashid Hussain has secured the blessing of the government to start merger talks with Utama Banking Group while Finance Minister
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    • 289 13 [KUALA LUMPUR] The Malaysian government is proposing to remove measures that helped end trading in Malaysian stocks on Singapore's over-the-counter market two-and-a-half years ago, the Malaysia Business Times reported yesterday. The amendments to the Companies Act, which had their first reading two weeks ago in
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  • Page 13 Advertisements

  • REGIONAL news
    • 488 14  -  His lawyers scramble to urge conrt to delay order by 10 days Fromi Al Labita in Manila OUSTED Philippine president Joseph Estrada is likely to be arrested and detained today for the non-bailable crime of economic plunder. The impending arrest loomed yesterday after defence
      AP  -  488 words
    • 413 14 MANILA Bloomberg THE Philippines risks having its credit rating cut as economic growth slows and political uncertainty keeps foreign investors away, Moody's Investors Service said in an annual report on the country. The rating agency said Moody's Bal foreign currency rating is under
      Bloomberg  -  413 words
    • 179 14 ■JAKARTA Reuters EXXON Mobil Indonesia yesterday said it was prepared to wait indefinitely for security conditions to improve before reopening three gasfields in the Indonesian province of Aceh. The company temporarily shut down its fields in early March, blaming the cumulative
      Reuters  -  179 words
    • 462 14  -  From] Eddie Toh in Kuala Lumpur AS the rumour mill continues to churn, there were no giveaways yesterday from either the prime minister or Daim Zainuddin himself on whether he would remain as Malaysia's finance minister. Mr Daim yesterday made a surprise appearance
      AFP FILE PHOTO  -  462 words
    • 514 14  -  Moody's junk bond rating stays as pace of reforms slows From'. Harish Mehta in Bangkok VIETNAM'S sovereign rating is expected to remain at junk bond status for the medium term because the Hanoi government has failed to maintain the pace of policy liberalisation and at
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    • NOTE Book
      • 55 14 Reuters [JAKARTA] Indonesian police yesterday said that 40,000 police would be deployed to guard the capital when Parliament meets next week to decide whether to issue a second censure against President Abdurrahman Wahid. MPs are to meet on April 30 to debate Mr Abdurrahman's rejection
        Reuters  -  55 words
      • 59 14 Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra questioned whether it was appropriate for developing countries to follow bank capital adequacy standards set by the Bank for International Settlements. Mr Thaksin, in a speech to a UN-sponsored conference, blamed adoption of BIS standards and bank
        Reuters  -  59 words
      • 69 14 AFP [YANGON] The brother of democracy leader Aung San Suu Kyi will next week begin his second legal bid to evict} the Nobel peace laureate from her lakeside home. US-based businessman Aung San Oo's first attempt to claim half-ownership of the house, where Aung
        AFP  -  69 words
    • 516 17  -  China's top oil firm reports 55.2b ynan earnings for last year,ajnmpoflos% From Quak Hiang Whai in Hongkong PETROCHINA Company, the mainland's largest oil company, yesterday unveiled net profit of 55.23 billion yuan (Ssl2 billion) for last year, more than matching HSBC Holdings's performance and
      516 words
    • 509 17 AFP [HONGKONG] Fairy King Prawn, one of the world's top milers, has been barred from entering Japan in a move that could spark a trade row between Hongkong and Japan. The Japan Racing Association (JRA) has informed the Hong Kong Jockey Club that
      AFP  -  509 words
    • 466 17 TAIPEI Unemployment rate climbs to record 4J% from Feb's 3-7% Bloomberg TAIWAN'S industrial production and export orders fell, and unemployment climbed to a record, signs the economy's slump is worsening. Production fell 4.4 per cent from a year earlier after February's 9.1 per
      Bloomberg  -  466 words
    • ASIA Notes
      • 64 17 Reuters [BEIJING] China's central bank has pledged to keep interest rates stable and the yuan exchange rate "basically stable", the Financial News reported yesterday. "We should maintain steady growth in money supply, while keeping deposit and lending rates stable and the renminbi exchange
        Reuters  -  64 words
      • 89 17 Reuters [NEW DELHI] The developers of a 1,000 megawatt coal-fired power project in Mangalore in southern India have decided to halve the project capacity, partly to "avoid another Dabhol-like situation", the Business Standard reported yesterday. Dabhol Power Co, majority owned by US energy giant Enron
        Reuters  -  89 words
      • 41 17 AFP [TOKYO] Japan's chief cabinet secretary Yasuo Fukuda yesterday said Tokyo hoped former Taiwan president Lee Teng-hui would focus on his heart treatment during his stay in Japan and go home with "a good feeling".
        AFP  -  41 words
    • 219 17 BEIJING Companies with over 3 years of losses at risk: report AFP CHINA'S two stock exchanges in Shanghai and Shenzhen will today officially start delisting firms which have rim up losses for more than three years, state media announced
      AFP  -  219 words
    • 279 17 NEW DELHI Reuters A FIERCE dispute in India over the government's decision to allow fixed-line telephone service providers to begin offering mobile service, which cellular phone service companies say could destroy them, may be moving toward resolution. Industry officials said the two sides
      Reuters  -  279 words
  • Page 14 Advertisements
    • 51 14 2001 is a buyers' market. With so many projects available, developers are offering competitive pricing and sweeteners such as free interior design packages, furniture vouchers, branded home appliances and more. Find out all the attractive offers in TheßusinessHmes Property Supplement Wednesday, 25 April 2001. The Key To Your j Dream
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  • Page 15 Advertisements
    • 142 15 ThinklFS to achieve. That s where SBr jsggg;:; >118HHutet. To meet the need for more working capital, we provide: J M u Ik domestic and export financing; Ik accounts receivable financing; I k working capital loans; gpi<BHMßMi* letters of credit trust receipts; and J Jj contract financing. j|jf If there
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  • Page 16 Advertisements
    • 253 16 Uli power to do business SE anywhere 7:soam A quick run-through of the day's appointments in my Agenda A 10:03 am Sent an email to my son while enjoying a latte in the departure lounge. Checked latest stock prices while on-line. i 10:35 am Airborne at last. Used Word to
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  • Page 17 Advertisements
    • 105 17 Asia's newest university, The Singapore Management University, provides cutting-edge executive education. Together with the Wharton School of the University of Pennsylvania, America's top-ranking business school, SMU offers valuable expertise and relevant education for the challenges of this information age. WHARTON-SMU EXECUTIVE SERIES 29 April 4 May 2001 Managing Strategic Alliances
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  • e-NEWS
    • 364 18 AMSTERDAM Bloombergs Reuters KPNQWEST NV, Europe's No 2 Internet access provider to businesses, yesterday said its first-quarter loss widened as the company invested in a fibre-optic network for faster online connections. The loss widened to 46.4 million euros (5575.6 million), or
      Bloombergs; Reuters  -  364 words
    • 358 18 SANTA CLARA, California Bloomberg INTEL Corp yesterday introduced faster versions of its Pentium 4, ahead of schedule, as the No 1 chipmaker tries to boost use of the processor in business computers. The new chip runs at 1.7 gigahertz, and personal computer makers including
      Bloomberg  -  358 words
    • 412 18 SEOUL Its decision to focus on costlier Rambus DRAM chips pays off Bloomberg SAMSUNG Electronics Co reported higher-than-expected earnings for the first quarter as the world's largest memory chipmaker delivered more chips suitable for the latest Intel processor than rivals. Net
      Bloomberg  -  412 words
    • 467 18  -  The group, led by Independent's O'Reilly, comprises Goldman Sachs and Warburg Pincos From Neil Behrman in London A VENTURE capital consortium comprising George Soros, Anthony O'Reilly, Goldman Sachs, Providence Equity Partners and Warburg Pincus are investigating the feasibility of bidding for
      REUTERS FILE PHOTO  -  467 words
    • E Briefs
      • 126 18 Reuters [WASHINGTON] The US Better Business Bureau and two European business groups said yesterday they were developing a set of standards for websites to ease consumer concerns about doing business over the Internet. The three groups said they would merge their codes of conduct to
        Reuters  -  126 words
      • 64 18 AFP [HONGKONG] Access to the website of the Belgian consulate in Hongkong was yesterday being directed to a pornographic site after it was hacked into over the weekend. Users trying to access www.oansubA.org have been routed automatically to the pornographic site. A police spokesman
        AFP  -  64 words
      • 55 18 Reuters [SYDNEY] Telecom New Zealand is mulling a All billion-plus (Ss93l million) float of its Internet and directories business to reduce debt, the Australian Financial Review said yesterday. It said in an unsourced report Telecom NZ also aimed to unlock value from its
        Reuters  -  55 words
      • 64 18 Reuters {TOKYO] Japan's biggest computer maker Fujitsu Ltd yesterday said it has agreed with Minolta Co Ltd, a manufacturer of printers and cameras, to join up in the laser printer business. Last month, Minolta cut its earnings estimates for the latest business year that ended
        Reuters  -  64 words
      • 77 18 AFX-Asia [TOKYO] NEC Corp said the company will restructure 10 units out of its current 16 units involved in software development from Oct 1,2001. Thecompany said it will integrate four regional software companies in the Tokyo region into one Arm, creating NEC Soft Corp. One
        AFX-Asia  -  77 words
    • 346 18 NEW YORK Reuters TERRA Lycos SA said Web surfers looking for information while on their mobile phones will find humans rather than automation on the other end beginning yesterday with the Internet media company's new subscrip-tions-based wireless service. The new service, called
      Reuters  -  346 words
    • 624 18 NEW YORK Formed after Q1 loss, itH monitor management's restructuring actions Reuters, Bloomberg THE board of mobile phone giant Ericsson has formed a crisis committee to monitor the restructuring actions of its management, the Wall Street Journal reported in its online edition yesterday. Citing
      Reuters,; Bloomberg  -  624 words

  • WORLD news
    • 586 19 US CORPORATE RESULTS High oil and n&tnral gas prices, improved oil refining margins cited for strong performance Reuters, Bloomberg [NEW YORK] Two major US oil companies yesterday reported robust first-quarter earnings buoyed by high oil and natural gas prices and improved oil refining
      Reuters,; Bloomberg  -  586 words
    • OTHER RESULTS
      • 57 19 Reuters [PURCHASE, New York] Soft drink giant PepsiCo Inc yesterday said its profits jumped 18 per cent, led by strong sales of new drinks at its Pepsi-Cola North America division. It earned US$49B million (*****.4 million), or 34 cents per share, up from US$422 million, or
        Reuters  -  57 words
      • 56 19 Reuters [NEW YORK] American Express Co said quarterly profits fell 18 per cent because of tJond losses and slack spending by corporate customers. It earned US$53B million (*****.4 million) in the first quarter, or 40 cents a share, compared with US$656 million, or 48 cents
        Reuters  -  56 words
      • 57 19 Bloomberg [PAWTUCKET, Rhode Is- land] Hasbro Inc, the world's second largest toymaker, had a first quarter loss as demand for Pokemon trading cards fell. The loss from operations of US$24 million (5543.2 million), or 14 cents a share, compared with net income of US$l5.l million, or
        Bloomberg  -  57 words
      • 73 19 Reuters [NEW YORK] SBC Communications Inc, the dominant local telephone company in the south-west-ern and mid-western US, said its first quarter profits fell 10.5 per cent and warned its results for the fullyear would fall below Wall Street forecasts. Excluding one-time items, SBC's net income
        Reuters  -  73 words
      • 81 19 Reuters [NEW YORK] Mutual fund manager T Rowe Price Group reported a 34 per cent drop in first quarter profits. It posted net income of U5549.3 million (5588.7 million), or 38 cents per share, down from profit of US$75 million in the year-ago quarter.
        Reuters  -  81 words
      • 77 19 Reuters [NEW YORK] Praxair Inc, the world's third largest industrial gas company, said first quarter net income rose, slightly beating analysts estimates despite high energy costs and slowing economic growth. The company, ranked third in size behind Frances' Air Liquide SA and Britain's BOC Group,
        Reuters  -  77 words
    • 322 19 NEW YORK This represents a worrying turn in the US credit cycle, analysts say FT CREDIT problems in the US are spreading from bigger banks to smaller lenders in a sign of growing economic weakness on main street, say US regulators and
      FT  -  322 words
    • 252 19 FT [LONDON] Investment bankers at Merrill Lynch are bracing themselves for job cuts this week as a drop in mergers and acquisitions activity and equity underwriting begins to bite. Bankers expect that between 5 and 10 per cent of staff at Merrill's investment banking
      FT  -  252 words
    • 357 19 Bloomberg, Reuters [ST PAUL, Minnesota] Minnesota Mining Manufacturing Co (3M), a maker of 50,000 products ranging from Post-It Notes to computer circuits, will fire 5,000 workers, or 7 per cent of its staff, to reduce costs as US growth slows. About half
      Bloomberg,; Reuters  -  357 words
    • 595 19  -  Mm may draw flak from conservative Republicans and Pentagon officials Froml Leon Hadar in Washington POLITICAL and military analysts in Washington are predicting that President George Bush will announce this week his decision to defer selling to Taiwan state-of-the-art Arleigh Burke-class destroyers
      595 words
    • 836 20  -  Supporters working to connter fears economy will slide back into recession Fromi Anthony Rowley in Tokyo AS maverick politician Junichiro Koizumi moved towards what appeared to be certain victory in the contest to replace Yoshiro Mori as prime minister of Japan and as
      AP  -  836 words
    • 349 20 LONDON The deal for 154 hotels will take Hilton's portfolio to aronnd 390 Reuters IN a deal aimed to almost double its European hotel operations, British leisure group Hilton pic has agreed to buy Sweden's Scandic Hotels AB for £612 million (Ssl.6
      Reuters  -  349 words
    • 212 20 NEW YORK Reuters BILLIONAIRE Warren Buffett plans to invest over US$lO billion (SslB.oB billion) in utility companies through Berkshire Hathaway if a law enacted to curb abuses in the gas and electric industry is repealed, and market conditions remain desirable, the Wall
      Reuters  -  212 words
    • 556 20 CANBERRA A$ dips as govt move is deemed unfriendly to foreign investment AP, Bloomberg BOWING to political pressure, the Australian government yesterday rejected oil giant Shell's Aslo billion (559.3 billion) hostile takeover of Australia's largest oil and natural gas producer, saying it was against
      AP,; Bloomberg  -  556 words
    • 548 21 SUMMIT OF THE AMERICAS Leaders say freeing trade is crucial to regional prosperity and the environment FT [QUEBEC CITY] American leaders on Sunday agreed to create a Free Trade Area of the Americas by 2005, and pledged to strengthen democracy and
      FT; AP  -  548 words
    • 384 21 LONDON Market contagion conld sweep across Latin America Reuters THE dollar stands to lose more than the euro if Argentina's woes worsen as history suggests that the risk of contagion across Latin America will get more airplay than Argentina's close ties with Europe.
      Reuters  -  384 words
    • 263 21 AFP [QUEBEC CITY] Defining poverty as the biggest challenge facing the Americas, World Bank chief James Wolfensohn on Sunday pledged up to US$l6 billion (Ss29 billion) over three years to tackle the problem. Addressing the 34 leaders assembled here on the final day
      AFP  -  263 words
  • Page 19 Advertisements
    • 160 19 University 11 of Michigan Enlightening. Inspiring. 77iaf's /usf f/ie courses. Wait until you meet the faculty. Singapore > Management of Managers May7-11.200l > Effective Sates Management May 23 25.2001 '<*: JJ t > Human Resource Executrve Program July 9 13.2001 > Strategic Planning and Implementation November 26 -X, 2001 Hong
      160 words
    • 105 19 Design Quality, Quality Designed RE-BUILD YOyR^VV^gME BEENLEIQH CONSTRUCTION PROJECT MANAGEMENT PTE LTD tel: 295 1380 fax: 295 0850 email: enauiries@beenleiqh.com.sq [Albert Photo] Th« Professional Colour Lab wttti Complsts Ssrvlcss Commercial Exhibition Enlargement for Display Light Boxes Duratrans Display Trans R3 Slide to Print E6 Process Slide Duplication Digital Imaging Digital
      105 words

  • Page 20 Advertisements
    • 1448 20 NOTICES To advertise call 1011-free 1800-741 1883 Fax No: 741 1298 WANT WANT HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Fifth Annual General Meeting of Want Want Holdings Ltd (the "Company") will be held at Rosewood Room, Level
      1,448 words

  • Page 21 Advertisements

  • FINANCE & commodities
    • 277 22 SOX Derivatives Trading Report ST Indeac/BISGI SPpore Index THE Singapore stock market extended its gains yesterday, led by technology and financial shares on an improved outlook as well as last week's cut in US interest rates. The Straits Times Index gained 28.71 points or
      277 words
    • 239 22 MS& Taiwan Index THE Taiwan stock market traded in a range as worries over first-quarter earnings and a slowing domestic economy outweighed a central bank rate cut The MSCI Taiwan Stock Index was down by 0.58 points, or 0.23 per cent, to close at 250.64
      239 words
    • 229 22 Reuters THE yen rose more than half a per cent against the US dollar and the euro yesterday following news that Japanese reformer Junichiro Koizumi held a big lead in the race for the LDP leadership. The euro was the worst performer, falling one per cent from 2-1/2
      Reuters  -  229 words
    • Article, Illustration
      1156 22 DfTPllWg 0101EATM Apr 23 AS C$ MO I— m f m MtsOgM Yw Wm H NZSNt»» N> —8 Sir W$ Oatt USS Australia 0.784 4204 0.561 3.683 1098 3.951 *****80.026 0.620 6.659 1.925 1237 30.973 ***** 0.919 4.M2 0.859 23.127 0252 0507 Canada 1276 1363 0.7* 4.698 1401 1040 30.239
      1,156 words
    • 1872 22 siooM roruiiES Apr 23 RIMER flttnsdMto|«all30pa) RSS1 CONT«ACT(S ccnts/kg) Close Mm OpM Maatfc m# l— Sitt (tOMQS) Iwtemt May 01 104.00 Jim 01 ***** 500 Jri 01 BOO 250 toqOI 105.00 250 RSS 3 CONTRACT (US certsfe) Mm OpM Maiit* M«fc I— Sett (to—os) lotorest May 01 59.00 59.00 59JO
      1,872 words
  • Page 22 Advertisements

  • STOCKS east asia
    • 2417 23 mwoKomi AFP □Hang Sag -13U3 HONGKONG share prices slipped one per cent on profittaking yesterday following losses on Wall Street at the end of last week, dealers said. The key Hang Seng Index lost 136.63 points to close at 13,311.50 on turnover
      AFP  -  2,417 words
    • 1938 23 TOKYO AFP Qmmmubb *un TOKYO share prices fell 0.4 per cent yesterday as investors became cautious ahead of the ruling Liberal Democratic Party's (LDP) leadership election, brokers said. The Tokyo Stock Exchange's Nikkei Average closed down 50.07 points at 13,715.60. But the Topix
      AFP  -  1,938 words
    • Article, Illustration
      981 23 AFP nSheriwißMg *7j47 CHINA'S Shenzhen B Share Index gained 7.47 points, or 2 per cent, to 380.46 yesterday. Shanghai B shares fell 1.4 per cent with profit-taking extending a consolidation after recent sharp gains, dealers said. The Shanghai Stock Exchange's B Share Index shed 2.62 points to 183.82 on
      AFP; Source:  -  981 words
    • 380 23 AFP l"lWPfafc» *LO7 TAIWAN share prices closed marginally higher yesterday in lacklustre trade due to cautious sentiment, analysts said. The Taiwan Stock Exchange Weighted Price Index edged up 1.07 points to 5,597.72, on turnover of NT557.50 billion. "Investors were reluctant to trade after Wall Street's upward streak came to
      AFP  -  380 words
  • Page 23 Advertisements
    • 40 23 You never JK actually own a Patek Philippe. patek phiuppe You merely geneve Begin your own tradition. look after it for the next generation. TOOT For information: Geneva Master Time, Tel: (65) 732 1506. www.patek.com Annual Calendar by Patek Philippe
      40 words

  • STOCKS klse
    • 8539 24 MUSTMALS Cwmt pnAxtt 2001 Last Vet Day N«t Cap HKh Lai Cawpany 5dla *000 ttm> L— P/t $wiH 340 290 Aiinomoto 290 unch I 290 290 8.7 117.5 45 24.5 Angkasa 29 I 9 30 29 4U 342 282 ApoHoFoodHig 300 unch 3 300 290 6-5 120.0 396 277 Alia
      8,539 words
    • 346 24 AFP QOmpoatebfax ■130 MALAYSIAN shares closed down 0.4 per cent yesterday in lacklustre trade amid an absence of fresh leads and light profit-taking, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 2.30 points to finish the day at 573.37.
      AFP  -  346 words
  • Page 24 Advertisements
    • 24 24 JIANGSU ZHEJIANG SHANGHAI Analysts picked YE SHANGHAI to be an excellent stock providing consistent return on investment to business executives dining at YE SHANGHAI.
      24 words

  • SGX clob & regional stocks
    • 2371 25 BOMBS A WARRANTS Apr 23 m Ms tanI UMr UHM urt M Mr ImNmM M| M Cot tar Mm MM N# Lot Ma «ar- rmi Lot 8q»r M» Wn MMIMIi Mm WW Mrtg UW 40 0.5 s Acma ******4 0.5 0.5 1 4t0 300 575 89.00 3 22 2.5 s
      2,371 words
    • 311 25 AFP Composite Index +4J6 KOREAN stocks rose 0.8 per cent. The index closed up 4.65 points at 560.94. Volume was 416.6 million shares at 1.8 trillion won.— AFP »a Anam Semi 4810 75 Brain Tech 630 -15 Central Bank 170 unch CheilComm ***** 700 Da* Cu Bank 1415 unch
      AFP  -  311 words
    • 285 25 AFP RCompttrite Index +8.62 lawmm m PHILIPPINE share prices rose 0.6 per cent yesterday on selective buying interest, dealers said. The Philippine Stock Exchange Composite Index added 8.62 points to close at 1,437.16. Volume hit 309.75 million shares worth 259.82 million pesos. —AFP Apr 23 Peso COOP) Abacus Construction
      AFP  -  285 words
    • 269 25 AFP □«SE-40 -27J6 NEW Zealand stocks closed down 1.3 per cent yesterday. The NZSE-40 Capital Index fell 27.05 points to 2,093.34 on an estimated turnover of NZ$64 million. Philip Hardie Boys of ABN Amro Craigs said leaders fell as profit-takers moved in on last week's gains. —AFP *f« ctm
      AFP  -  269 words
    • 550 25 AFP □inOrttotriM -120 THE Australian stock market closed slightly lower yesterday with gains in the industrial sector offset by declines in resources where Woodside Petroleum registered a sharp fall, brokers said. The All Ordinaries Index closed 2.2 points lower at *****.5, while the ASX-200 Index was down 2.9 points
      AFP  -  550 words
    • Article, Illustration
      745 25 AFP Q SET Index 104 THAI stocks fell 0.7 per cent yesterday on continued selling in bank shares, which offset sustained gains in energy stocks, amid poor sentiment after a decline on US markets on Friday, dealers said. The SET Composite Index fell 2.04 points to close at 290.54
      AFP  -  745 words
    • Article, Illustration
      744 25 AFP Q Composite Index +3JSS INDONESIAN share prices closed one per cent higher yesterday on technical gains with prices supported by news of the government's decision to cap the budget deficit at around 3.7 per cent. Dealers said the rise was led by gains in large caps such as
      AFP  -  744 words
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  • Page 26 Advertisements
    • 336 26 Wm T Vll BHBIHIHHHHHHHb «HB MHv in BHHHbbb I Keep the kampung IB# I I spirit alive. learn up 2<smj 9 and walk away with dl MB < JNB v BH M_ firf iUIK f ~i fjNM m«a KSB MMmX <&, ■•aJftfr -*w* »n,iJ& wm BW»1 ITM MB "fit. V
      336 words

  • 7740 27 SOXMAINBOARD Or Gr M an SZ-Wh KM Val Day KM Quota Mr Ohr VM MM Cm «nf W# U» C.agwy Sato IHH HMi I— Sdtor Cw HI Wl Ma MULTI-INDUSTRY 153 39.5 cAcma50c 44.5 cd-0.5 27 45 43 44 44.5 0.5 19.9 0.6 11.7 772 44 41 9
    7,740 words
  • Page 27 Advertisements

  • New Asia Biz Woman
    • 1214 28  -  [PALM BEACH, Florida] Byi Amy Martinez NYT YOU want job security? Have a kid. Gil Rivera was just 19 years old and stacking metal at a distribution company when he heard those words. Only two weeks on the job his first real one since earning his
      NYT; FILE PHOTO  -  1,214 words
  • Page 28 Advertisements
    • 1845 28 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 Federal International (2000) Ltd (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Federal International (2000) Ltd ("the Company") will be held at Rosewood Room, Orchard Hotel,
      1,845 words

  • Page 29 Advertisements
    • 386 29 MnaanMainiiMaaMlliaaiiMaMliMiMMMMiiiMiiiH Where to wine, dine and entertain../"t (o>fszs&r ~i^^————n^—■————— Check out these great offers, a tribute to all secretaries during the month of April. Club 5 two Learn ballroom dancing free of charge every Thur T; Sat from 8.30pm to lO.pm or Line Dancing every Monday from 7pm to 8.30pm.
      386 words
    • 57 29 fum^b3rL «JfcA TRIBUTE TO ALL SECRETARIES 23 27 APRIL 2001 i i I i: Time 12:00 noon 2:30 pm Pricc $48 nctt per person Venue Mandarin Ballroom (6th floor, South Tower) Reservations/Ticketing Hotline: 831 6288 Fax: 831 6284 Mandarin ||J Suvnporr _J PP 3E 5Si <=^ ■098 333 Orchard Road.
      57 words
  • Page 29 Miscellaneous
    • 914 29 mi H i ii r^U.galiBTTSa^—^ fiMtul 8.00 Spin. 1LOO Asia Tonight. I'i'l ill t 840 Moulmein High. 100 AM Headlines. 1L30 W3 (R). I ~M 9 S*2S 8 Da ys0n5. 6.02 Asia Bevond/Know- 1100 MN The World To1 9 was Window. 940 News 5 Tonight ing Asia. night I 1
      914 words
    • 268 29 CRYPTIC CROSSWORD ACROSS 4 Accounts for bearing with cer--7 One trains to break a novel te' n politicians (7) horse (9) 5 Engaging a rustic outside left 8 Don't talk about fortune, it (8) shows laziness (5) 6 Phone ten possibly af--10 A person who's barely ready to ,er a
      268 words

  • KNOWLEDGE economy
    • 1324 30  -  Top leaders don't just have a point of view, they make sure they teach it Author Noel Tichy, who has worked with GE's legendary boss Jack Welch and other CEOs, tells ahnmstu jambs why KENNETH JAMES THE conference room is buzzing with the voices of several
      CHRIS LOH  -  1,324 words
    • 313 30 ACCORDING to Prof Tichy, the leader's teachable point of view, must have four elements: Ideas: "Fundamentally, how do we make money? Be able to clearly articulate how you drive both the operating return on assets and the growth dimension." Values: "What are the
      313 words
    • 619 30  -  Manufacturers need blueprint to encourage and manage innovation as global competition intensifies By] Debra Amidon The writer is chairman and CEO of Entovation International Ltd, a global innovation research and consulting network. The article is adapted from the latest issue ofl3 Update/Entovation International News.
      619 words
    • 1297 31  -  Unlike other fields of technology, inventions in biotechnology most often relate to living material, which can raise unique difficulties in their legal protection, yvecteflamxgam and a j ramachamdram examine the complexities surrounding intellectual properly and biotechnology YVETTE FLANIGAn,A J RAMACHANDRAN IN ITS simplest form, intellectual
      REUTERS; AFP; FILE PHOTO  -  1,297 words
  • Page 30 Advertisements
    • 278 30 To advertise call toll free 1800 741 1883 II V X IvlllJ Fax No *****98 r IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND KECK SENO TEXTILE COMPANY PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.
      278 words

  • Page 31 Advertisements
    • 6 31 Life Sciences Rajah &Tann Andersen Legal
      6 words
    • 236 31 Sfl Rajah&Tann w ABTMUBANDCRSEN hi n m Andersen Legal Weii,(jotshal Manges ,u Unraveling The Commercial Value Of The Life Sciences The Asia Pacific Seminar 2001 9 May 2001 The potential growth in the life sciences industry is so undeniably huge, it is just a matter of which horse to back.'
      236 words

  • CAMPUS life
    • 835 32  -  The University of Washington's business school undergoes a metamorphosis that has started paying off, reports JWHHFUK LIEN JENNIFER LIEN [SEATTLE] UP in Seattle, home of software giant Microsoft and e-business pioneer Amazon.com, a business school is taking advantage of
      835 words
    • 651 32  -  By\ Rachel Ong LEAVING the nest is always a painful experience for both mother and child. This parting is all the more dramatic if the child is heading overseas for university. BT spoke with one such parent who shared some
      651 words
    • 156 32  -  Tan Swee Cheng, Karen Australia, via Internet I REFER to your article "Eye-opener at California State U" by Jennifer Lien (BT, April 17). She quoted someone saying: "Many CSU students are but from the val-ue-added side, we can do a lot more for our
      FILE PHOTO  -  156 words
    • 539 32  -  postfSTffl from London By] Lynette Kuang The writer is a first-year law student of University College London (UCL) COMING over to the UK last September to start university education was a privilege for me, and I will always be grateful to my parents for
      539 words
  • Page 32 Advertisements
    • 384 32 Campus chat This is a chat-link between undergrads and parents. So if you are an undergrad, we'd like to hear from you what life on campus like. And if you're a parent, tell us your concern regarding a university education for your child. We also welcome feedback and suggestions from
      384 words

  • SHIPPING TIMES
    • 275 33 Reuters THE Baltic Dry Index (BDI) rose 12 points to 1,453, the Baltic Panamax Index (BPI) lost one point to 1,555, the Baltic Handymax Index (BHI) firmed 130 points to 9,433 and the Baltic Capes ize Index (BCI) was up 21 points to 1,754. TIME-CHART7IR: Aquagrace (built 1997)
      Reuters  -  275 words
    • 307 33 SOX '000 AF23 S$ CWT Distribution 0.49 0.01 10 Chuan Hup 029 -0.01 297 Cosco Investment 0.17 unch 100 Freight Links 0.08 unch 448 GB Hoidinqs 0.40 unch 0 IMC Holdings-HK 5.60 unch 0 Jay* Holdings 0.14 unch 638 KeppelCorp 2.92 -0.05 1089 KeppelFELS 0.89 0.03 123 Keppel
      307 words
    • 723 33  -  Powerful transport onion alleges PSA has changed its plan for port Reports by Beth Jinks [SINGAPORE] PSA Corporation appears to be the latest victim of Japan's restrictive waterfront practices, drawing strong opposition from a union heavyweight over alleged changes to its Port
      723 words
    • 398 33 US Federal Maritime Commission closely monitoring developments on Japanese waterfront, including problem faced by PSA THE Hibiki situation is not the first time the Japan Harbour Transportation Association (JHTA) has caused an international stir. In 1997, the US Federal Maritime Commission (FMC) imposed
      398 words
    • 414 33  -  Help improve India's transport infrastructure, NOL urges By Beth Jinks [SINGAPORE] APL added India's Nhava Sheva International Container Terminal to its West Asia Express (WAX) service last week, calling on others to better use and help improve the country's transport infrastructure. The 294
      FILE PHOTO  -  414 words
    • OAKLAND port
      • 685 34  -  A team from the Port of Oakland is visiting the Asia-Pacific in an effort to lure more carriers serving the trans-Pacific to call at the US West Coast port p t bamosbero reports P T BANGSBERG CALIFORNIA'S aggressive Port of Oakland is scouring the Asia-Pacific in a
        FILE PHOTO  -  685 words
    • 170 34 PACE Appensiitp 5 Assets 5 Austral 6 BSA 7 B'tanq Mas 6 COM 7 CMACGM 3 COSCO 3 CSAV 3 Central Ex 6 ChoYanq 5 China Shpg 5 Couqar 7 Columbus 6 CWT GloOelmk 7 Deknas 4 Djak Uoyd 6 Dongnama 3 Eastrans 6 ECL 4 ECU
      170 words
    • 18832 40 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT TUESDAY, ETA ETA Advertiser Vessel Voyage Telephone Sj*j_Pj»fn Nyw Name Number Number lb ABIDJAN (ABJ) 2003 Cote D'I voir* 01/05 05/06 Delmas SAUCH YANBU Y42W 65-*****44 02/05 03/06 COSCO YUAN HE 0003W 65-*****00 01/05 12/06 Delmas CMACCM BALZAC VOW 65-*****44 01/05 13/06 COSCO NUMBER BRIDGE
      18,832 words
    • SHIPS IN PORT
      • 740 43 Vtssd Voy No BfM> Arrhul Dtpartft MNUi DM M Jaraa 'jn 23/04/415 24/04/2340 BtSar Sakti ***** JOI 23/04/815 23/04/14:40 M Ralvnet 5 ***** JOI 23/04/8*1 23/04/1450 Bt J Ray li ***** JOI 23/04/840 23/04/2040 Winstar 1 045S01 J03 23/04/7:15 23/04/2140 Gaan Hong 8 G»03a J17 23/04/7:45 24/04/2040 Faiyi
        740 words
      • 2016 43 RECEIVING OF EXPORT Fa CONTAINERS MID LCI CARCO Booking/Mind *stb Strip ¥oy No Etfc/BtT Nrto< frm To Fw mz com Anozs 2Vi?roo a umo 23*45* 23/0*00 a 22/ITOO 23/019* 2MM 3 21/0700 23/IB* 2VMOO 4 23/1200 2VMM 23/1700 MX HOBOS 0M 24/0*0 a 22/ITOO 21*49* OWN* a 22/1700
        2,016 words
      • 191 43 Apr 25 Australia: Anzac Day. Italy: Liberation Day. New Zealand: Anzac Day. Apr 29 Japan: Greenery Day. Mnyi Singapore: Labour Day. Thailand: Labour Day Malaysia: Labour Day Philippines: Labour Day South Korea: Labour Day China: Labour Day Hongkong: Labour Day Vietnam: Labour Day Argentina: Labour Day Belgium: Labour
        191 words
      • 783 43 THIS report, compiled by Cockett Marine 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 the
        783 words
      • 476 43 Carton 180 Mu 991.0 0.5 13.3 0.10 194 0.06 Apr 19 Density Water Residue Art UwbMwr Si<miI No above E25 0 0 0 0 T-T£- 380 Ave 984.5 0 J 12.7 0.06 23 0.02 Eihm 380 Max 990.7 11 15.3 0.11 67 0.03 MAT3 »M/» M/M
        476 words
    • AIR & LAND transport
      • 807 44 With failure of Qantas New goal and j Qantag may take over routes ran by former franchisee Bloomberg [AUCKLAND] Air New Zealand, which saw its stock rise after last weekend's failure of its domestic rival, may face a tougher competitor on local routes
        Bloomberg; REUTERS  -  807 words
      • 205 44 AFX-Asia [SYDNEY] Air New Zealand said the additional cost from the grounding of unit Ansett's Boeing 767 fleet over the Easter break is estimated at below NZ$3 million (552.22 million). The airline said demand for passenger travel bookings on
        AFX-Asia  -  205 words
      • 252 44  -  From Surinder Singh in Sydney QUICK work in the cockpit of a Qantas jet which crash landed in Bangkok 19 months ago helped to avert what could have been a bigger mishap. This is one of the conclusions drawn by investigators looking into the
        252 words
      • 195 44 AFP [HONGKONG] Hongkong's airport has been named the world's best airport for 2001, the airport authorities said yesterday. "It is extremely gratifying to be honoured in such a way in less than three years after airport opening. Given the very high standards of the other
        AFP  -  195 words
      • 426 44  -  S'pore carrier to use 8777-200ER on thrice weekly flight Byi George Joseph [SINGAPORE] Singapore Airlines (SIA) is to launch its first flight to Chicago, the world's capital city of the futures and derivatives markets, on Aug 1. The thrice weekly flight to
        AP  -  426 words
      • 1779 44 art HUM no man n» AMHl AM229 2230 LH6380 2230 «a» 2230 Amsterdam S023 0635 6*974 0130 IOB37 1455 KL838 2255 «M4 zm tttmmmtm ma OKI mrnrn $0347 0M0 $0348 2255 Auckland LM6987 1900 ****** 2045 N223 1900 $0285 2045 $***** 1900 N***** 2045 mm tog
        1,779 words
  • Page 33 Advertisements
    • 276 33 PEOPLE Kenneth Bloom has been appointed chief executive of Inttra, the internet portal established by several ocean carriers, including Maersk Sealand, P&O Nedljoyd and Mediterranean Shipping Co. Mr Bloom was recruited from Optimum Logistics, a subsidiary of the Stolt-Nielsen group, where he was chief operating officer, responsible for developing Translink,
      276 words
    • 19 33 Port of Oakland eyes Asian business Pg2 Air NZ may face tougher domestic competition BackPg -wn m W www.maritimeChain.com
      19 words

  • Page 34 Advertisements
    • 713 34 NORTH AMERICA GULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPRESS (BSJQ IQULF KARACHI EXPRESS (QIOQ 1 vessu voy in kung vissa vor Ju mm mm ™s3T™" 00Q JAPAN P 4 0 NEDUOYD M&OOURNE a W W,M S^T~ NYK VIRGO 441 25/04 24/04 21/04 00/05 00(1 NETHERLANDS 27W15 11/04 00/05 01/05 PftO NEDUOYD APAPA
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    • 753 34 Lines services represented by 3*®"l em :jers R«g*s*ry of KjJAccredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association g ULY UNE MALE vessel Tvoy Tn* TeS eta P. KLANG STORE MALE Empress Lily VO4Ol 26/04 27/04 04/05 Princess Lily VO4Ol 03/05 04/05 11/05 Empress Lily VO5Ol 14/05
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  • Page 35 Advertisements
    • 1225 35 SAX SERVKE (DIRECT) vissa vot situ ux oak pal hou cm cm «m «i «k APISAKOONYX 0261 17/01 01/02 05/02 05/02 05/02 05/02 05/02 OS/H 06/02 06/02 mnggjog 0401 24/Qi 00/02 12/02 12/02 12/02 12/02 12/02 12/02 u/02 13/02 API JAM 026 C 01/02 15/02 U/02 19/02 10/02 10/02 10/02
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    • 1849 35 nAM T/TsIiMVS 1 JDMI T/T tIS lift I Mill 1 |/ft IS MVS J GOKIAI AGOfTSmSINGAPORE: MROMNSONRD#I2-00 SUB/MK IIL42OSIW/43 FA* 1*5321/71 HflMPffKf T TH: FA* ®[^Ml7O fACTIB CHIMflMfi m ITD SW6APORIO4OO9O OUTmRD(B/L) *****02 *****25/75 fORTKLAMG SlniilSf niSTtSIII TR: *****00 (HUM) MWARD (0/0) *****14 *****10/40 PBIAIIG 2t«2122 (X NO: **********0 M
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  • Page 36 Advertisements
    • 1334 36 JpL SENATOR LINES vnsa vot sw al»w|amlmm wv I m Ivissa vot sin ku pa jb I rauKsautot ooitw ?«.m n.os ius m.os 15.05 ims mm um ooi«w iim k.h us 12.0s ilh HAKIM SAVANNAH OOUW 27 M IMS 20.05 17.05 lUS 21.0S ALFAAAMM 00I4W OS.OS lUS lUS IMS MJS
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    • 771 36 J on MOi IaaMTMMW 8BU: (084) *****9 MAMLA: (632) *****24 W PENANQ: (04) *****88 BANGKOK: (MS) *****57 SURABAYA: (31) *****11 P.KaANQ:<B«»3BB3B77 JKTi(H)BBQ4>O6 KUCIIQ fQB?) QMW-3 KARACHI LAHORE MV "CASTOR" V.021 ETA SIN 29/04/2001 (Also accepting to MULIAN, FABALABAD, SJALKOT, RAWALPV4DI, PESHAWAR, ISLAMABAD) BOOKINGS PL> CALL: 220 2022 (40 Un—) S.E.
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    • 495 36 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N.SHEVA (CFS MULUNO. MUMBAI) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I.C.D. POINTS VMMI VOT SPORE N.SHEVA COCHIN COLOMBO P.KLANG TULSIDAS 141 29 APR U MAY 11 MAY 14 MAY 18 MAY FRONTIER IHW 06 MAY 1S MAY 11 MAY 21
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  • Page 37 Advertisements
    • 1600 37 IVBSSBL VOY KHM HBCO I SIN I PKL I DXB IA» PMM —C MAN KERMAN PCL-204 24/04 25/04 28/08 29/04 Ot/OS 09/03 11/05 13/05 MAN ISFAHAN KL-205 01/05 02/05 05/05 06/05 13/05 14/05 16/05 U/05 IRAN HORMOZOAN PCI-206 03/05 09/05 12/05 13/05 20/05 21/05 23/05 25/05 MAN TEHRAN PCL-207 15/05
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    • 336 37 i n GOOD FRIDAY RDM/ATW/BMNAJK I OCEAN RANGER RDM/ATW/BMN/UK I Lotto Singapore, E7W. MdMyda. tndonwto J Lotting for PAUL X JOtVAQA/DMT SOUTHER STAR 1 JOWACM RAWER D6VABU/DOH/BRN/DMM/KWT PIONEER SUN DBVABUVDOHreRN/DMM/KWT EFFYN JO6VAQM3MT SEA RENOWN HOCyjOH/AOA •Loads Singapore E/W. Malnyiia. Indorwia I Looting tor 1 NATS EMPEROR CAM/NFK/SAV/NOL I HANJM TAMPA
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    • 1305 37 EXPORT [IMPORT I raml JM jP ifT jj? |j1 ?0/0S m !Iw 1 7/1S 03/H I nwnm—lUlT TSSSgsipifcciipß S^SiIVBCK EXPOKT •-wiiiiwnieituwgawiMiiw/wivMtjawwoißniimivti/Mt vroa I vot I m I ict I oai I omob i* ii sm vasa I vot icq oak m HJ AMSTERDAM OOQg >4/04 17/05 H/tt IMMW HP U«
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  • Page 38 Advertisements
    • 842 38 MBXTBHtAHAN/ttACK XA/EUROK MVKXI BPOtT ma/wiia Isgp |qo [wwlots |bu Irdblbiv lor la [TIMPQBMjjI 29/04 11/05IM5lyOS 17/05 IMS I MIS 2M5 MS UJKORNOO93OOS* OMK MK KVPS 22AK ?VPS 2VPS 2VPS 27/fIS 2MB PIUKWMHW IMB ?VDS 27/05 HAS 31/tt 3MS Mfl4 BHH OjPt m—ywsoiwr a»« oi/otavot (&04 fl/04 ow QMimyOA 1m lIIBCWMMOWMDW
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    • 337 38 VISSQ VOYAGE SGP CBB DUR DBN KM NXV AIM JO Mi EVBlfYfl MMM 2V04 30/04- SOBGHE 0144W 77/04 01/05 10/0S 14/0S IMASPNE —Willi 10/05 12/05 IS/05 —i—wmmm>. \m 2MIANGHE 0144W 04/05- 15/05 17/05 21/05 UN ACCORD *****37W 04/05 11/05- 17/05 19/05 21/05 Also accepting cargo to Doha, Sharjah. Kandta. Kuwait,
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    • 835 38 VBSa VOT SMI MB MTP LOI rasa VOT 1 I IT M imwm** i\n tw tt/m v/m mam HM 2!ZM muKOL. aa_jsai —am 3® gig—— omumtM i/a mx !t» M— m/m oyos n& -__m_ gJffiF «f row* Mm- 3Mi »/M 07/05 WK Jrc I«c—no UTC3 gjOMMMj 47t 30/D4 84/115 04/05
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    • 520 38 INDONESIA NATIONAL LINE TO AUSTRALIA f RUCOiroyWM!IM6I w. jwr m m m m n> m m m m KM MUM 3K M/MOl/K 11/ OS U/6S IS/OS 11/05 wiMvr ys~ 17/KM/e u/ts io/os h/» iyoi WW wiT 14/0515/05 K/K V/H W/K llfli mm w n/05g/Q5 a/os Q3/ot os/ot ao/ot FEEDER SERVICE
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  • Page 39 Advertisements
    • 401 39 BSA A. M MYANMA \BBk FIVE STAR UNE (Myoaaar NotioMl Um) Lo«diij for Yn|m vissa vot sm m n Nil (AGO 110W SID BONGIA 45W 25/05 MALAYSIA AGENTS: MUSTUU) SMPPMG AGENCES KUL IB 03-*****300 HL TH 03-*****101 FBI: 18. 04-2****** PGU: TE 07-*****21/4 BANK LINE (A strvk* of Aadrnv Wair
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    • 1109 39 HMIWHYUN^^AERCHANTMARINECOj^TO^^^^^— IVBSa VOT I M I SOU I UH I BB I ANT I NAM I ORV~| IVBSB VOT SOU I LM4 I BM I ANT HAM I mT TF HTOKCOVBnr SOIW 23/ M IS/BS M/M 10/05 12/05 12/05 ma! 01/04 mTmt M/M HTAOMBAL 332W 26/04 14/05 19/05 16/05 17/05
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    • 858 39 vtftr WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA *Ctt ROW) HIAVYUFT SHVKE" ivtssa vor liamp hbcwi mi i up i ho I ma mv i m i om i etc ihw I mm I IALAOOT AHIO9 4001 M UM 24/04 03/0* 00/00 00/00 10/00 11/00 13/00 17/00 19/00 ttMratf AMIIO
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  • Page 42 Advertisements
    • 68 42 tIBL SINGAPORE PTE LTD W N 15 McCallum Street MVOIAI2 Natwest Centre Sin«apore *****5 mm Fax (65) *****66 Email: fcncral9cciisin.coilinc.nct RICKMERS EAST MALAYSIA LI 111 11 Kuching/Kota Kinabalu/Muara/Sibu Tawau/Bintulu/Labuan/Sandakan See Page 4 Call: 220 3373 FREMANTLE KYOWA LINE COCOS CHRISTMAS ISLAND •WESTERN AUSTRALIA Guam/Saipan/ Turn to Pag# 5 Daily ij
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  • Page 43 Miscellaneous
    • 127 43 11 JE* Issued by Meteorological Service Singapore K Thunderstorm Temperature Cw' Wind direction and speed in knots Ra,n Weather Cloudy Day Hazy Sea Conditions Wind speed symbols p l Slight <v2 m O Full circle w/o line indicates calm or light and variable winds 4 i§ 11 i t ri
      127 words