The Business Times, 25 October 2002

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Microfilm: NL24745
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    16 1 MITA (P) 010/03/2002 85C THE BUSINESS TIMES SI NGAPORE I Internet: http://business-times.asial.com.sg FRIDAY, OCTOBER 25, 2002
    16 words
  • Article
    Lock icon MARKET SUMMARY
    73 1 m UGfJO (-6.43) ST INDEX FUTURES 1,***** (-6.00) SDB9CIFDTTJIES 180J0 (-2.20) STOCK MAMET INDICES Thursday Change KLSECOMP 655.80 +3.03 NIKKEI 225 8.***** -***** HANG SENG 9.787.49 -17.16 SET INDEX ***** +0.38 JAKARTA COMP _353.18 -1.66 MAVILACOMP .1,***** +14 73 TAIPEI WPI 4574.80 -1508 SEOUL COMP 654.98 -145 SHENZHEN
    73 words
  • Article
    Lock icon FINANCE
    65 1 FOBEX BATES us$ s$ t'S$ (SS per US$) J.779 £(l'S$/SS per 1547 1752 El'RO(US$/S$/E). 0.975 1.73a YEN 124.5 70.0 RM 3.800 2.136 HKS 7.799 4.184 BAHT 43.52 24.46 Rl'PlAH 9,216 5,181 PRIME BATES SINGAPORE* 5i5 KUALA LUMPUR 6.40 HONG KONG 5.125 JAKARTA 39.00 TAIPEI 6.625 TOKYO 1.375 SEOUL »M
    65 words
  • Article, Illustration
    Lock icon Mystery surrounds killing in SembCorp Marine shares
    499 1  -  By R Sivanithy [SINGAPORE] Up till the rejection by SembCorp Marine's minorities of the plan to take the company private, the market had assumed it would be a done deal. So who and why did he or they short-sell the company's shares last
    Source: Bloomberg  -  499 words
  • Article
    Lock icon Beaten-down stock prices whet Oei Hong Leong's appetite
    917 1  -  Latest foray is 16.7% in Tang Lok, malting him 3tiri largest shareholder By Conrad Raj [SINGAPORE] Asset trader par excellence Oei Hong Leong is back with a vengeance doing what he does best. In just two weeks, the former head of United
    917 words
  • Article
    Lock icon When cheap doesn't always mean good
    913 1  -  COMMENTARY It may be time to reyiew govt system of awarding jobs to the lowest bidder, says Wong Wei Brag Wong Wei Kong IN calling for a move away from the tender system, the construction working group of the Economic Review Committee's sub-committee on
    913 words
  • Article
    Lock icon Koh Boon Hwee steams up Norelco shares
    577 1  -  By Serena Ng [SINGAPORE] Is Singapore Airlines chairman Koh Boon Hwee the latest investor to have the Midas touch? His recent investments seem to point that way. Just like his earlier move into Innovalues Precision, Mr Koh's acquisition of a $5.3 million stake
    577 words
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      82 1 mgPE Apec Summit US seeks tough international standards in trade and transportation. Next Page Top Stories China's richest tycoons have become more edgy. Next Page SMRT H1 profit up 41%. Pg 3 S&P cuts HK's local currency credit rating. Pg 11 Retailers getting hit as US malls lose their shine.
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      6 1 Size matters, contractors told, Pg 7
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      39 1 —JHr Hi J^ k L J .j yi j«.|- w>f fc|- j. 7- 11 "^6sTi|J|i^ x^j^2goE^^23^** *9 '4Mk&? ~^>g Jr"" 7-1 -1 y~ KL ■a i r l >^ r 18 BfcsSßpH^^** fh> y j^SI K \m. SSbs: JP^mC KM/1
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  • NEXT page
    • Article, Illustration
      Lock icon Tycoons on edge as Zhu unleashes taxman
      656 2  -  FORBES GLOBAL LIST OF CHUM'S RICHEST Citic Pacific's Larry Rong heads list with wealth putatUSsBsom By Audrey Tan [SINGAPORE] Being listed among their nation's richest may have been an honour for the mainland's new breed of entrepreneurs, but China's capitalists have become more
      Photos: Apply Daily  -  656 words
    • Article
      Lock icon Opposition submits censure motion against Takenaka
      414 2  -  Koiznmi hints at snap poll to endorse banking reforms From, Anthony Rowley in Tokyo THE battle over Japan's banking reforms continued yesterday as opposition parties submitted a censure motion in Parliament against Financial Services Minister Heizo Takenaka who is at the centre of an
      414 words
    • Article
      Lock icon US wants tough transport standards enforced earlier
      509 2  -  APEC SUMMIT Proposal sparks concern over tight deadlines From« Jennifer Lien in Los Cabos, Mexico THE United States wants the Asia-Pacific Economic Cooperation forum (Apec) economies to meet tough international standards in trade and transportation, in many cases significantly earlier than other international
      509 words
    • Article
      Lock icon Correction
      58 2 ON Monday we carried a news agency report saying that Japan would conduct anti-terrorism drills with India and Singapore. The Singapore Police have pointed out that although the Japanese Coast Guard ship Yashima will be in Singapore from Nov 15 to 17, there are no plans for the Japanese
      58 words
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      160 2 dßll > v*^ f ■;S 3' f *J. j r K..H, j |j| At Ristorantc Bologna weve just flown in our newest ingredient. For tlie past 15 year* we ve been itrvinj the finest Italian cuisine at Ristorantc Bologna Wc make our very own pasta daily and our ingredients arc
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      12 2 Apec at* to grow 3% but trouble spots lie ahead, Pg 12
      12 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon SMRT H1 profit up 41% on tax writeback
      445 3  -  Earnings would have fallen if not for $14m tax credit By Angela Tan SMRT Corp's net profit for the six months ended Sept 30 rose 41 per cent to $41.3 million. Its earnings would have been down slightly if not for a
      ARTHUR LEE  -  445 words
    • Article
      Lock icon SembCorp raises stake in SCM to 63.57%
      158 3  -  By David Boey SEMBCORP Industries said yesterday it has raised its stake in its listed shipyard unit SembCorp Marine, after buying 10 million shares in the open market at 87.4 cents apiece. The acquisition lifts SembCorp's stake in SCM from 62.86 per cent
      158 words
    • Article
      Lock icon A-REIT: local, foreign takes differ
      767 3  -  »oc«l—I kalpana rashiwala THE coming float of the Ascendas Real Estate Investment Trust (A-REIT) will probably be fully subscribed, but support may be stronger from local retail and institutional investors than foreign ones. The short but positive trading history of the first REIT here, the
      767 words
    • Article, Illustration
      Lock icon Good times roll for stock index traders
      477 5  -  9-month volume of the Simsci contract is higher than last year's total By Siow Li Sen MOST stock market punters have had little to smile about in the past three years, but the story is quite different for those trading the stock index
      FILE PHOTO  -  477 words
    • COMPANY Briefs
      • Article
        Lock icon Asian Micro nnit feces rait
        44 5 ASIAN Micro says legal proceedings have been brought against its subsidiary A-P Precision Plastic by Hsu Tien Fou and Hsu Wei Hua, who are seeking relief under section 216 of the Companies Act. Asian Micro will defend the suit.
        44 words
      • Article
        Lock icon Vkjplas narrows net loss to $2m
        63 5 PIPE maker Vicplas International said yesterday its net loss for the year ended July narrowed to $2 million from $2.4 million previously, despite a 12 per cent drop in turnover to $14.6 million. The loss per share shrank to 1.22 cents from 1.69 cents,
        63 words
      • Article
        Lock icon SGX Middle East oil fntures contract
        27 5 SINGAPORE Exchange will launch a US dollar-denominated Middle East crude oil futures contract on its electronic trading system on Nov 12.
        27 words
      • Article
        Lock icon FJBeqJamln in Indon venture
        49 5 RETAILER FJ Benjamin Holdings, via a wholly-owned subsidiary, has a memorandum of understanding with an Indonesian firm to form a joint venture to distribute its brands there. The group will own 75 per cent of the JV, while Gilang Agung Persada will own the rest.
        49 words
      • Article
        Lock icon WPG nine-month earnings fell 19%
        58 5 WPG International's net profit for the nine months ended September fell 19 per cent to U*****,000 while turnover rose 0.5 per cent to U*****.5 million. Earnings per share fell to 0.46 US cents from 0.71 US cents, while net tangible asset per share stood at
        58 words
    • Article
      Lock icon Informatics posts 21% jump in H1 earnings
      216 5 Turnover, np 3%, underpinned by network growth EDUCATION services specialist Informatics Holdings yesterday reported a 21 per cent rise in net earnings to $11.6 million for the halfyear ended Sept 30. The listed group's results were achieved on the back of a 3
      216 words
    • Article
      Lock icon SIA flight to Los Angeles cancelled after bomb hoax
      237 5  -  By George Joseph A SINGAPORE Airlines flight to Los Angeles was grounded yesterday after a bomb scare, causing a minor easing of Asian currency markets. Police received an anonymous call at 9.50 am as Flight SQI2 was preparing to leave Changi
      237 words
    • Article
      Lock icon KepLand sees Capital Square sale hitting full-year results
      435 5  -  Group posts 20% rise in 03 net profit; nine-month earnings fall &8% By, Andrea Tan KEPPEL Land, which turned in a 20 per cent rise in third-quarter net profit to $17.3 million, may see its full year forecast trimmed by analysts due
      435 words
    • Article
      Lock icon Xpress proposes capital reduction to erase accumulated losses
      297 5  -  Former i-OneJlet saddled with $57.5 m deficit By Andrea Tan XPRESS Holdings may finally escape the shadow of its failed Internet kiosks if a proposed capital reduction exercise takes off. The former Internet play i-One. Net proposes to reduce the par value
      297 words
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      35 3 i Providing i cool coafort tjz,, sr* m commercial #15-00 NOt Bußdlng Singapore *****2 H m AfMl IndlMhUl T 6222 0665 F« 6224 8358 Dnai: hpcsgrOhltacMplant com jg W hulldhfi- Website« V hflp //www hlUchlpUnt.hbl.ne.lp
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      55 3 i tear'the True Measure I > o s c I.itestvlc 5 Music S\ siem Bettor sound throuqh research H i i (5-\ A J I I I A/\ .> y Atlas Hi-Fi Pte Ltd =C3-19, 21 Plaza Singapura. 63 Orchard Road S ngaporo *****9 T« 6339 OW; Fa/ 6336 46/8
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      292 4 OTHER SINGAPORE INDICES Oct 24 VALUE CLOSE BTOe/OS 492.00 +30.00 VTCMN -*****.00 +18.00 ■T 10-4«y MA -*****.00 +49.00 AA-SG EfW»i 382.02 -0.85 SG MnBid 122.86 +1.08 SGEqaMMFh 1299.42 -6.19 MrjpMnhap 351.14 -2.40 MSdStamNTi 181.10 -0.64 SMSCtFataras 180.10 -2.20 tlitta V+mm Crtiraya 2.5c... 32.721.000 PaciflcCeoturylOc 20.627.000 BIL Inu US20c 16.484.000 Daroo5c
      292 words
    • Article, Illustration
      Lock icon Federal Int'l has upside potential at present price levels
      260 4  -  HOT STOCK/ WARBAMT By R Sivanithy THOSE who watch daily trading activity closely will know that save for a handfUl of stocks, any play on a small cap tends to be short-lived. This happens because there are almost no retail investors
      260 words
    • Article, Illustration
      Lock icon Selected penny stocks play catch-up
      781 4  -  STOCKS r. sivanithy ON a day when The Business Times reported that 80 per cent of the Singapore market trades for less than $1 a share, it was penny stocks that dominated yesterday, as blue chips faltered. Given overseas uncertainties and the strengthening US Treasury
      781 words
    • Article, Illustration
      Lock icon Soft Beige Book report puts pressure on US$
      568 4  -  ■KImhhUIUHIL CURRENCIES Ten also in limbo amid confusing signals from Japan larry wee A SOMBRE Beige Book report on the state of the US economy did the greenback no favours in overnight trading, as more confusing signals from Japan also kept that
      Source: Reuters  -  568 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2673 4 UNIT TRUSTS FUNDS Com Global Travel Inde* Fd 0 654/ Cam 5'pore Band Fund/*... 1 06* AM Anre Aaaet Mat (S'pare) CreOt Agrtcele Aaaet Mgt S'pere IM Star Europe Eqty!**. 0 58* Indocam Asa Vision! 0 764) 799 Star Europe Bo 1072/ Star Europe Bal 0.812/ DCS Aaaet Mgt Star
    2,673 words
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      164 5 Authentic Braised Special Set Barbequed whole Abaione Menu 5250* Pekina ln Supreme (u!r J4oo***-) tor 8 person^^^J 3 Sauce fish Maw Seafood Broth jpy MII k m Steamed Red fish on Hot Plate > y Authentic Barbequed Peking A A V Hj|rn Shredded Scatop with fish Egg (UPs4o+**) Spinach Broth
      164 words
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      262 5 golf items (5> u^^ata^^diicou J if WfCfPT PRECEPT PRECEPT JFj *&00»»»*31*>od.x«K>n« BMMan's3 Wood,x9krons SA-71 LacflM3V*xxfcxBtom iifi FREE GFTS worth 5287 Woapt .Qf :>B^- t PiJ>Br l 1 PwoeptGcfßag+PUtar 1 Doran Preoept Exfe [Wee Gol Lady Got Bel m n0w,950 n0w,990 up $1,237 UP \*s\zn tech edge -X Early Bird Special
      262 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon EDB: No shortage of entrepreneurs here
      598 6  -  BTt-yu\ium Strong response to co-funding scheme for start-nps; $13m paid out to 50 firms By. Audrey Tan THERE is "no shortage of entrepreneurs" in Singapore, going by the response to the Economic Development Board's Startup Enterprise Development Scheme (Seeds), says a senior EDB executive.
      598 words
    • Article
      Lock icon Control a big issue with family business owners: survey
      494 6  -  By Serena Ng ALMOST a third of owners of small and medium enterprises have nightmares about retaining control of their businesses while financing growth, a recent survey on family businesses has found. Another 47 per cent of local business owners are
      494 words
    • Article
      Lock icon Strong national identity emerging: study
      469 6  -  But Malays not as upbeat about future as other groups Yang Razali Kassim A NEW survey unveiled yesterday suggests that Singapore's model of building a nation out of the four major communities is bearing fruit. All of the groups feel proud to be Singaporeans and
      469 words
    • Article
      Lock icon MAS deputy MD joins Temasek
      288 6 TEMASEK Holdings continues to strengthen its management, announcing yesterday that veteran central banker Yeo Lian Sim will come on board to take charge of capital resources. Temasek, which has hired several top managers since it appointed Ho Ching executive director and unveiled a new corporate
      288 words
    • Article
      Lock icon Developers speed up launches after lull
      417 6  -  PROPERTY The Marbella, Glen trees, Whitewater among upcoming launches By Andrea Tan After a few quiet weeks, developers are cranking up their launch machine again. This weekend, OUB Centre will release 80 units at The Marbella in Mount Sinai at an average price of
      417 words
    • Article
      Lock icon JTC to allow 3-year tenure for TOL land
      199 6 JTC Corp is offering industrial land on Temporary Occupation Licence (TOL) for up to three years, with an option for renewal. The revised scheme allows for tenure periods between one and three years. Previously. TOL land was tendered out on a one-year
      199 words
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      613 6 l^J^jLand I Keppel Land Limited J (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2002 The Directors advise the following unaudited results of the Group and the Company for the nine months ended 30 September 2002: GROUP COMPANY 30.9.2002 30.9.2001 30.9.2002 30.9.2001
      613 words
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  • ERC report
    • Article, Illustration
      Lock icon Size matters in thrust abroad
      689 7  -  CONSTRUCTION Contractors should tie up to form large outfits for slice of overseas pie Reports by Vince Chong THE public and private sectors have been urged to form five to eight large construction joint ventures in the short term to take advantage of lucrative markets
      CHRIS LOH  -  689 words
    • Article
      Lock icon Local firms fear some CWG proposals may not be feasible
      250 7 LOCAL contractors have voiced support for the construction working group's recommendations, though some are worried that its proposals will prove easier said than done. Chip Eng Seng executive director Yeo Seng TTiong said: "The strength of public Firms lies in
      250 words
    • Article
      Lock icon Call to review foreign maid levy
      453 7  -  ENVIRONMENTAL SERVICES By. David Boey RECOMMENDATIONS made by the Subcommittee on Domestic Enterprises yesterday contained one potential hot potato: a call for the government to review the foreign domestic worker levy. The subcommittee said such a review could help local workers in the domestic
      453 words
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      696 7 I Fumrture finings/Motor Vehicle/Office Equipment/Computers/Optical Equipment I Good comAion 8y lots I Traditional Indonesian Batik/Ciena Clofo m huge quontifos I 2 Prestigious Magazines Tilted "East" 'Shopping' I Available golden number* for Singtel ftiger Noi. *****444 *****328 I I* 6 stwey warehouse, Tai Seng Dr., Land Area 8969 sq.m., GfA *****
      696 words
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      500 7 IN THE MATTER Of THE COMPANIES ACT, CAP 50 ANO IN THE MATTER Of WEN WIN INVESTMENTS PTE LTD (IN MEMBERS' VOIUNTARY LIQUIDATION) Al an Extraordinary General Meeting of the Company duly convened and held at 179 Rjvtr Valey Rood, #0506 Singapore *****3 on 18 October 2003 lU Special Resolutions
      500 words
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      757 7 Brilliant a MmMI LMtltf BRILLIANT MANUFACTURING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Brilliant Manufacturing Limited (the 'Company") will be held at 21 Übi Road 1. Singapore *****4 on 12 November 2002 at 9.30 a.m.
      757 words
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      153 7 Heirloom of Tomorrow A wide range of top branded European Gifts and Collectibles Under One Roof! Reuge Music Herend Hummel Opening Attraction To celebrate this occasion, you are invited to Join Us At Our Lilliput Lane Event 2002 J Paragon, #03-18/19, on 26 Oct 2002, Saturday Ipm 6pm and on
      153 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Can India deliver on the economy?
      814 8  -  ■25$Bj3^Q OPINION prem shankar jha The writer, based in New Delhi andformer editor of The Hindustan Times, contributed this article to BT INDIAN Prime Minister Atal Behari Vajpayee's trenchant reaffirmation of his government's commitment to continuing economic liberalisation at the recent full meeting of
      814 words
    • Article
      Lock icon IN OTHER WORDS
      38 8 This is close to what we call a cyber-terrorist attack, but a failed cyber-terrorist attack.' Frack CaldweU an Internet security specialist for consulting firm Gartner Inc. on hackers' attempt to wreck the Internet on Monday.
      38 words
    • Article
      Lock icon Megawati must show her mettle
      500 8 EDITORIAL IT TOOK Indonesia one week after the deadly midnight bomb blasts in Bali on Oct 12, which claimed nearly 200 lives, to end its prevarication on terrorism. It was an unnecessary and painful lesson in indecision. Even before Bali, there was a spate of
      500 words
    • Article, Illustration
      Lock icon Environment: time for corporate accounting
      1160 8  -  It's high time local companies show the effects of their economic actions on the environment, to justify their 'licences to operate' By Paul Thompson The writer is assistant professor of accounting and finance, and the director of MBA programmes at the Nottingham University Business School,
      FILE PHOTO  -  1,160 words
    • Article
      Lock icon If Sir Alan, then why not Sir Ian?
      814 8  -  COMMENTARY The Qneen should confer knighthoods on other central bankers as well By David Hale The writer is global economist with Zurich Financial Services Group THE decision of Queen Elizabeth to confer a knighthood on Alan Greenspan raises profound questions for the
      814 words
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  • MAIL bag
    • Article
      Lock icon OUT directors should look at other options
      357 9  -  Soh Suwe Singapore UNITED Overseas Bank and Overseas Union Trust have jointly announced a proposed scheme of arrangement to take the latter private at a price of $4.60 per share. According to a letter to shareholders, OUT is taking part in this scheme
      357 words
    • Article
      Lock icon Moves to ease CTE flow
      329 9  -  Han Liang Yuan Senior Manager, Corporate Communications Land Transport Authority I WOULD like to thank Mr Gerald Ang Joo Huat and Mr Allan Wong Weng Kham for their letters (Mailbag, Oct 18) on how we could improve traffic flow along the Central Expressway (CTE). We
      329 words
    • Article
      Lock icon I may weigh SIAS'view, but my view is my own
      289 9  -  Chew Keng Seng Singapore I REFER to "Outcome shows SIAS does not speak for all minorities" (Hock Lock Siew, Oct 22). I perceive the column to be unfair to the Securities Investors Association Singapore (SIAS) and its president for various
      289 words
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      123 9 119 V J NOVOTEL MEANS BUSINESS Shanghai Novotel Atlantis Shanghai US$9l Beijing Novotel Peace Beijing US$4O" Beijing Novotel Xin Qiao Beijing USsBo** Shenzhen Novotel Watergate Shenzhen USsBB** Hong Kong Novotel Century Hong Kong HKs992** Hong Kong Novotel Century Harbourview HKs77o** Seoul Novotel Ambassador Doksan Seoul US$ 140** Seoul Novotel Ambassador
      123 words
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      141 9 ,A fi vi WfWi Mm t hhHmSIU fHIHUBR 4 If you seek luxury, then pamper yourself in Hong Kong with Cathay Pacific's Super City Elite Package*. Imagine this, a Business Class round-trip ticket, with airport transfer by a private car and 2 nights' super deluxe accommodation at a world-class hotel.
      141 words
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  • REGIONAL news
    • Article
      Lock icon M'sia may enact new laws on water issue
      556 10  -  Law minister says it conld pass an act diluting agreements with Singapore From Eddie Toh in Kuala Lumpur IN A radical move, Malaysia is now mulling over the possibility of enacting laws to safeguard its own water needs and possibly supersede the
      556 words
    • Article, Illustration
      Lock icon Dishy treasures
      78 10 [HONG KONG] A model showing an Imperial Famille Rose Prunus'dish at a Christie's auction preview in Hong Kong yesterday. The dish, from the Yongzheng reign (1723-1735), is one of the most important ceramics to appear at an auction and is expected to fetch USs3Bsmillion when it goes under
      AFP  -  78 words
    • Article
      Lock icon Telkom concerned over its financial adviser's position
      501 10 JAKARTA SSB is working for a company seeking to bny its rival Bloomberg PT TELEKOMUNIKASI (Telkom) president J Kristiono says he wants to know what his financial adviser, Salomon Smith Barney Inc, will be doing in its work for a company that is
      Bloomberg  -  501 words
    • NOTE Book
      • Article
        Lock icon Thailand shrugs off Danish warning
        75 10 Reuters [BANGKOK] Popular South-east Asian tourist destination Thailand yesterday brushed off a warning by Denmark that it was a potential target of terror attacks following the deadly Oct 12 bomb blasts on the Indonesian island of Bali. Denmark, the current president of the EU, said
        Reuters  -  75 words
      • Article
        Lock icon Chinese party officials replaced
        94 10 Reuters [BEIJING] The Chinese Communist Party's organisation department chief and propaganda head have been replaced in the latest senior personnel changes ahead of a party congress next month, the Xinhua news agency said yesterday. Zeng Qinghong, head of the organisation department and protege of Chinese President
        Reuters  -  94 words
      • Article
        Lock icon Taiwan firms in China could lose edge
        76 10 AFP [TAIPEI] Taiwan's biggest manufacturing group issued a stern warning yesterday that Taiwanese businesses on the mainland would gradually lose their competitive edge if the existing ban on direct transport links with China continued. Wang Yung-ching, chief of the Formosa Plastics Group, told
        AFP  -  76 words
      • Article
        Lock icon Philippines deficit jeopardising rating
        66 10 Reuters [SINGAPORE] The Philippines' ballooning budget deficit is putting its vital foreign currency debt rating at growing risk, two international rating agencies said here yesterday. Analysts at Standard Poor's and Fitch Ratings told Reuters that worse-than-expected budget deficit data released on Wednesday was prompting them to
        Reuters  -  66 words
    • Article, Illustration
      Lock icon S&P cuts HK's local currency credit rating
      440 11 HONG KONG It cites Budget shortfall caused by economic slump, fall in property prices Bloomberg HONG KONG had its credit outlook cut to negative by Standard Poor's, which cited the city's rising Budget shortfall caused by an economic slump and falling property prices.
      Bloomberg; REUTERS  -  440 words
    • Article
      Lock icon India slaps criminal charges on 13 firms
      188 11 NEW DELHI Bloomberg INDIA filed criminal charges against 13 companies in connection with an insider trading scandal on the Mumbai Stock Exchange, the Ministry of Finance said. The Mumbai Stock Exchange Sensitive Index dropped 15 per cent in March last year when the
      Bloomberg  -  188 words
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      710 10 ADVERTISEMENT CDMA2OOO Leading the way to 3G The Right Network he introduction of third generation mobile of consumers and businesses worldwide and to ensure The right-type of 3G networks are being provided communications is probably the greatest that true benefits or 3G services are delivered, the by some of leading
      710 words
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      59 10 AUCTION 27th Oct '02 (Sun 2pm) Pi' -.Ohm. V»'t Rp.« n".\ 11( »t»-| H i.» K. mi: jttP f jflS Important Watches -V* JjiMi fS. J** c Organiser Perfect Antiques Jewellery Gallery /2 Temple Mieet Snqapou or>0 r >8 r .f>/ Tel: 6224 3363 A u n.» tI) Mil pet
      59 words
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      1044 11 ADVERTISEMENT 3G: A Leadership Opportunity for Singapore necessitates a costly build-out of new its neighbors. Availability of unused Contributed by Perry LaForge infrastructure. Operators in other 800 MHz spectrum sufficient for all 3 Executive Director countries are instead, and at much carriers provides an opportunity for CDMA Development Group lower
      1,044 words
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  • REGION world
    • Article, Illustration
      Lock icon Apec set to grow 3% but trouble spots lie ahead
      419 12  -  APEC SUMMIT Outlook report cites volatile forex rates, corporate scandals, terrorism risk From Jennifer Lien in Los Cabos, Mexico DESPITE a positive economic forecast for Asia-Pa-cific Economic Cooperation (Apec) economies in the next year, potential trouble spots lie ahead, says
      AP  -  419 words
    • Article
      Lock icon UN sees 27% fall in global FDI inflows
      491 12  -  China will replace the US as the biggest recipient this year, says Unctad report From Ravi Kanth in Geneva THE United Nations chief trade and investment agency yesterday predicted that China would replace the United States as the largest recipient of global
      491 words
    • Article
      Lock icon Yen will be weakest major unit in next 12 months: poll
      489 12  -  From Neil Behrmann in London THE yen will be the weakest major currency in the coming 12 months, according to most London foreign exchange traders and strategists who were polled. A poll of 10 banks and currency hedge funds
      489 words
    • Article
      Lock icon China Telecom may buy 5 networks after IPO
      367 12 HONGKONG Reuters TELEPHONE giant China Telecom, which hopes to raise up to US$3.6B billion in the world's third largest initial public offering this year, said yesterday it would consider buying five provincial networks from its state-run parent six months after its IPO.
      Reuters  -  367 words
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      236 12 i A K 2 Im 9r TiVjO,*]! m W* V 1 V g rmf Jim IfcPiftj im Bk vt f MiJ p m BSKfrffil W 1 *I wWrrJA 1 Mtw n HXtflMl ww aSSsril m I .<*' 3B I Jf\ I 1 1 fIU Hb J I SbsE? Mi r
      236 words
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  • WORLD news
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      Lock icon Porn star gets three months for insider trading
      371 13 NEW YORK Bloomberg PORN star Kathryn Gannon was sentenced to three months in prison on Wednesday for conspiring to trade stocks on inside information provided by her former boyifriend, ex-Keefe Bruyette Woods Inc chief executive officer James McDermott. Gannon, 33, was charged
      Bloomberg; REUTERS  -  371 words
    • Article
      Lock icon ABB unveils drastic steps to restore profits, reduce debt
      707 13 ZURICH These include sale of key unit, layoffs; threat of asbestos claims still looms Reuters. Bloomberg ABB, retreating from an attempt to rival General Electric Co by buying more than 200 companies, yesterday said it will chop more costs, sacrifice a
      Reuters.; Bloomberg  -  707 words
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      Lock icon Former CIA chief asked to head accounting board
      156 13 Bloomberg [WASHINGTON] Securities and Exchange Commission chairman Harvey Pitt has asked WUliam Webster, former director of the Federal Bureau of Investigation and the Central Intelligence Agency, to consider heading the new accounting oversight board, people familiar with the matter said. Mr Webster,
      Bloomberg  -  156 words
    • Article
      Lock icon Retailers getting hit as US malls lose their shine
      483 13 CHICAGO Slow economy, worries of terrorist raids darken ontlook for big shopping centres Reuters THE mall, a symbol of American suburban life, is losing its appeal as time-pressed consumers opt for stand-alone stores or smaller strip centres for one-stop-shopping. That is
      Reuters  -  483 words
    • Article
      Lock icon Economic activity sluggish in Sept: Fed
      481 14 US ECONOMY Nationwide report finds weak retail sales, drop in manufacturing LAT-WP [WASHINGTONI US economic activity "remained sluggish" in September and early October, with weak retail sales, some declines in manufacturing activity and strength only in home building and sales, the Federal Reserve said
      LAT-WP  -  481 words
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      Lock icon Productivity rise to stay: Fed chief
      422 14 Bloomberg. Reuters [WASHINGTON] Federal Reserve Chairman Alan Greenspan said the trend of rising US worker productivity may be here to stay. Productivity the measure of how much is produced by one person in an hour was 4.8 per cent higher in the second quarter
      Bloomberg.; Reuters  -  422 words
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      Lock icon AOL to restate 8 quarters of earnings Mowing review
      473 18 NEW YORK Deeper problems at Internet unit cuts revenue by 1% LAT-WP ACKNOWLEDGING deeper problems at America Online than previously reported, AOL Time Warner Inc said on Wednesday it would restate eight quarters of financial results and reduce its revenues by
      LAT-WP  -  473 words
    • Article
      Lock icon Microsoft under scrutiny over rivals' allegations
      326 18 Probe ctQldurivd settlement «f antitrust case LAT-WP [WASHINGTON] The Justice Department is investigating allegations that Microsoft Corp continues to hide details about its flagship Windows operating system from competitors, a tactic that could unravel a proposed settlement to the 4-year-old antitrust case against the
      LAT-WP  -  326 words
  • Page 13 Advertisements
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      118 13 'JKtofe.-,-HE FUTURE OF HUMANITY Df 2002 have much in common. Gordon SATO: American biologist Gordon Sato is using sunlight and seawater Dlanet. They are determined to in an agricultural project that is improving life for the inhabitants of Eritrea's v an can make a great difference barren coastline. Dave IRVINE-HALLIDAY:
      118 words
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  • Article, Illustration
    Lock icon FINANCE
    1063 14 Transaction date: Oct 24 aiTBRBAMK CROSS RATES A$ C$ Burt) Euro HK$ Urt h toiptah Yw Won IM IBWti N SS tod Str W$ ■*> N— USS Australia 0.867 4.603 0.569 4226 26.846 ***** 0.690 6.835 2)08 t.138 32.702 29.446 0.9(7 5544 0.835 ***** 24.143 0J59 0.555 Canada 1.153
    1,063 words
  • Article
    Lock icon COMMODITIES
    1507 14 gjCfljM FUTURES Oct 24 R068CR Futures (Closing prices) RSS1 (5 centsAg) Close Votant Op«l Month High Low Sett (towns) Interest Nov 02 146.00 1 Dec 02 146.50 Jan 03 147.25 Feb 03 147.25 RSS 3 (US cents/kg) Votame Open Month High Low Soft (tonnes) Merest Nov 02 8100 8100
    1,507 words
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  • Page 15 Advertisements
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      159 15 La passion laisse des traces An Exhibition mIK I JLm/p- frlM MMJm jBV. ;y.ft IB JE9rK i 4 Kv v Mfm/I l/ r yx /ft///} v v fe 1 Cldssiquc Grande Complication" wristwatch. /fTI (L I ~v" I ,i > y {Jt 7 .f j x" Classique wristwatch with enamel
      159 words
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  • Page 16 Advertisements
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      1384 16 I ne Business Times. Friday, October 25,2002 1800 8812 E—il recrsit»»ph.c— The Sumitomo Trust Banking Co., Ltd. (Incorporated in Japan with Limited Liability) Consolidated Balance Sheets Consolidated Statements of Operations As at March 31,2002 and 2001 For the years ended March 31, 2002 end 2001 Mionsol*n M-konsolYen Assets: 2001 ncom
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      412 16 In ihe MaKar of The Componies Act, Cop 50 ond In ihe Mm.r of GW SHIPPING PTE LTD Notice of Resolutions for Members' Voluntary Winding-Up (Pursuant to Section 290) AI the E«troofdirvory General Mating of he mtmben of GW SHIPPING PTi LTD duly corwened and held at 1 lnterr>c*onal Business
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      226 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CASPIAN RESEARCH (SINGAPORE) PTE LTD (IN LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50. the Final Meeting of the Members of the abovementioned company
      226 words
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      950 16 I IN THE MATTKR OF j THE COMPANIES ACT. CAP. 50 I AND I IN THE MATTER OF I PINNZVOX PTE LTD I I In mlhofV Voluntary I Liquidation) I NOTICE OF RESOLimONS II Pursuant lo Section 298(2Mb>| I I Al an hx(raurdinary General Mreung of the Company held at
      950 words
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      1103 16 IN THE MATTER OF THE C OMPANIES ACT. CAP. 5« AND IN THE MATTER OF SAFARA MANUFACTURING (S) PTE LTD (In Members' Voluntary Liquidation) MEMBERS' VOLUNTARY of I WINDING-UP za. NOTICE IS HEREBY GIVEN thai the ire I I creditors of the abovenamed Company. I»e I I which is being
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      839 16 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF COAST LINK SEAFOOD SUPPLY(PTE)LTD (In Members' Voluntary Liquidation) NOTICE OF INAI, MEETINr. NOTICE IS HEREBY GIVEN pursuant to Section 308 of the I Companies Act, Cap. 50 that a Final Meeting of the Members of the
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      763 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DIGITAL PRINT PTE LTD (In Creditors 1 Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed iN Company duly convened and he held at 100 Beach Road a #02-29 Shaw Tower Singapore
      763 words
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  • Article
    Lock icon STOCKS ASIA
    4252 17 Transaction date: Oct 24 for wore, go to uwwjasiamwiirnarkrtejnrn HONGKONG Rlnn 13J 001 t467 u.* iS Hong Kong Electric 3120 0 40 1522 Hongkong Chine* 0 55 unch 364 Aloha General nil) Hongkong Chine* ltd 0 55 unch 364 1""" unt J 1 5570 Hopewell Holdings 4 60
    4,252 words
  • Article
    Lock icon KLSE
    2250 17 Transaction date: Oct 24 H KUALA LUMPUR Ffase r 4 3.50 unch so Vol FsaM 182 unch 0 W W- r*00) FWmdustrws .016 unch 20 Gadang 0* inch 1 AIM Realty —0J1 001 2 Gamuda $.40 -0 05 1030 Abnc 103 -001 22 GanadCorp .0.7$ 0.05 2 ACP Industries
    2,250 words
  • Article
    Lock icon SGX
    551 17 Transaction date: Oct 24 <*—I 1 qm. c£*»L«nd ill 2n i'S'o £2?* 0j4< ■<""<> OlirtSOTjCondafc 0 74 0930 -0005 out Jjj «J»" *100 "J **~,M25c Si Jii ®-'2_ 13J00 -0 300 SGX It 0-17 1 ISO 4) 010 OKGip 145# 12.400 9AS0c SW iijon 5««S SKSw 6 JU °.V°
    551 words
  • Article
    Lock icon BONDS & WARRANTS
    506 17 BONDS WARRANTS —jr wcw t» «T SM, t 32 1 «f- nm toic Ma tag Left A5T.VW***** 109 o«1 20 Acnv»Ltd(MMt116 J 1 J 1, 1 50 783 2.00 25 W0S0610— 70 unch 672 1 33 147 32 Ann«rongV»***** 1 10 120 5 00 19 Bai 6NSA*****1 10h 104 8ar6S*JB*****1
    506 words
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  • Article
    Lock icon SGX MAINBOARD
    5138 18 Transaction date: Oct 24 for live prices, log on to wwu\asMiimvemarketsjcom L4*t Val Day Lad Quote GrOiv Mv GrtW MM WtCm Urn Ctm+m, itU w- (-888) W# 1—r l»r« Cw HI jS ABNAmroNLG 56c 9 12 34 141 205 9 ACE Dynamics20c 115 11 115 0.7 8 1.1
    5,138 words
  • Article
    Lock icon SGX XTRANET
    56 18 Ct iS rKS, if* 9 <*«. On GrTU MM MCa Cl "f'"> S* cm* >*» Uw» S4fcr Cw Wi t3 10M0 7310 Diamonds US7310 5800 2100 ISDJUSTcctl UVTOOcdcd 575 555 IS MSG Spore USSSScdcd naao voo iss*«oo usCTOokd ***** 8J8C' SPO« US82S0 I I I 1»5 'M3 STIfTFlOO
    56 words
  • Article
    Lock icon SGX SESDAQ
    1151 18 N-£"lL <£ rMM P** M» CrtM Net MCa C 'f "I w r— W» I— idhr Cw wt «3 225 9 AORHMpSc 11 105 125 ji 245 II Al>0-5c 17«d -05 28 17 17 165 17 5 115 li 7J ,1 585 M AS Auto 10c 18 unch
    1,151 words
  • Article
    Lock icon CLOB INTERNATIONAL
    343 18 i* J* On LMQmM GfOhr M» GrYM MM mCm I—' C—pmi ittt w- rww 1— lf» S*r Cm m t3 IIS 75 AVJenrwigi A25c A90 *15 205 90 88 5 87 5 90 40 3.4 11.1 S 2 193 7 Cj«h»yHcat__ HK720 265 21 7.4 6 743K2 m.
    343 words
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  • ESPLANADE FESTIVAL
    • Article, Illustration
      Lock icon Diva delights audience—as usual
      500 19  - Diva delights audience —as usual But some dissatisfying moments mar the troupe's performance, says ghua soo pomg CHUA SOO PONG MUI Suet See, the famous diva of Cantonese opera in Hong Kong, who first visited Singapore in 1974, was back in Singapore with her new co-star Lee Lung and the
      500 words
    • Article, Illustration
      Lock icon Infectious Zulu rhythms
      330 19  -  Sangeetha Madhavan CROSSING cultures is what Johnny Clegg attempted in his concert on Tuesday at the Esplanade Concert Hall. The audience took a while, but it soon responded heartily, bopping to his Zulu rhythms. Clegg is no ordinary white man posing as a bridge between cultures while
      DESMOND FOO ST  -  330 words
    • Article
      Lock icon It's uninspiring Beneath the Skin of Things
      308 19  -  By Sandhya Shyam THE Alter Zone series at the Esplanade was programmed to feature artists that challenge the status quo of music and art. With this in mind, Mark Chan's ambitiously titled Beneath the Skin of Things proved unremarkable at best. Chan has
      308 words
    • Article, Illustration
      Lock icon A celebration of pure sound
      673 19  -  The concert was just starting to take off when it ended Buy Venka Purushothaman IN today's world, language is a barrier between humans for its innate ability to frame ideas, emotions and stereotyping which leads to hatred. Ustad Amjad Ali Khan deeply believes that the
      673 words
  • Page 19 Advertisements
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      74 19 Complimentary BT at the mails IF you're not working tomorrow, you can still get a weekend copy of The Business Times at selected outlets at the following malls, with their compliments: Clarke Quay, Funan IT Mall, Junction 8, Liang Court, Millenia Walk, Plaza Singapura, Scotts, Tampines Mall and Tanglin Mall.
      74 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      166 19 m m m T 0 /TTT^^H The new Amana side-by-side refrigerator W >s A rated for Energy Efficiency The Ice "jP 'N Water™ dispenser models are fitted fpfj with an easy reach water filter. It can IS dispense water, crushed or cubed ice and spp r in addition is fitted
      166 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      195 19 CTffTO CROSSWORD 27 Extra fashionable line in trousers (8) tul situation (4, 4) Across: 1 Jam session, 6 Viva, 28 Song composed by Edna 12 Inflation? Cut rising going 9 Ministered, 10 Spat, 12 ConRees (8) rate perhaps (12) gregation. 15 Innate, 16 Star DOWN 14 Terminal heart trouble? (15)
      195 words
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  • FILMS/ENTERTAINMENT
    • Article, Illustration
      Lock icon Sense of deja vu in Red Dragon
      837 20  -  It's a stylish, sensuously filmed thriller; what's lacking is the element of surprise for Hannibal Lecter fans By Parvathi Nayar THE film opens with just the sort of macabre sonata Lecter fans expect: a flautist cooked and served as an amuse bouche by
      837 words
    • Article, Illustration
      Lock icon Edgy and funny but not until the last word
      373 20  -  DVD REVIEW By Parvathi Nayar MEET The Hard Word's Twentyman brothers: Dale (Guy Pearce), the oldest, is the brainy one; Mai (Damien Richardson) in the middle enjoys being a butcher; youngest Shane (Joel Edgerton) walks an edge only he can see
      373 words
    • Article, Illustration
      Lock icon Women of substance
      780 21  -  Geoffrey En checks out the French Film Festival GEOFFREY EU LOCAL cinema audiences will soon have a chance to reacquaint themselves with the exquisite French A-list actress Virginie Ledoyen, who sank without a trace opposite Leonardo DiCaprio in the sun-sea-and-lots-of-sand stinker The Beach, but who is set
      780 words
    • Article, Illustration
      Lock icon Wacky tales about death
      566 21  -  Parvathi Nayar IT'S been a little over two weeks since the unlikely-sounding hit drama about a funeral parlour business premiered in Singapore and Six Feet Under seems poised to be a kooky but welcome addition to home entertainment. Why is a story about a death and
      566 words
  • Page 20 Advertisements
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      82 20 TOSHIBA t W^^s V'T v v -/v yffißSßft: ALL-IN-ONE, ALL YOU NEED. Great picture quality. Superb stereo sounds. Here's the plasma display with everything. A TV tuner. Stereo speakers. Detachable yet with the stylish built-in look. Stasia. The true plasma TV. Tuner Stereo Speakers 35" PLASMA TV STASIA TOSHIBA SINGAPORE
      82 words
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  • Page 21 Advertisements
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      369 21 Where to wine, dine and entertain... "-t.jrnjm At CoftVanda, there's more reason to celebrate wflti great food and discounts! Come to the 'tfs Your flight 3,4,5! Buffet Dinner 1 and get the beatfor lees! 6.30 10.00pm Adult $T 5 90»*»,CMtd StZMK*♦ (4-12 years old) Wednesday is OwtfenMirt Mfht! Guys get
      369 words
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      Lock icon Page 21 Advertisements Column 2
      128 21 I 1 U I Function Room available for your I I Company Dinner I I Birthday I I I 'Anniversary Dinner Dmkx I I Baby's Full Moon Jjl I I an< Coffee Break I I Maximum 100 pax I I Minimum Seminar -15 pax I I For enquiries, call us
      128 words
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      Lock icon Page 21 Advertisements Column 3
      114 21 Want to dine on our superb vaJue-for-money set menus but can't make up a group of 10? You will be delighted with our Executive Set Menus specially designed for individuals and smaller groups. Ranging between $38 $78 per person. Available daily for both lunch and dinner. For reservations, please call
      114 words
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      Lock icon Page 21 Advertisements Column 4
      162 21 t^Hunqani A Reflection of' T Richness Taste <1 1 23 •31 October 2002 It Presenting the culinary ait of Hungary by Guest Chef Sztano Pal from Budapest. Be enthralled by traditional Hungarian cuisine that tempts even the most discerning of tastebuds. Come, make a date with us today! Reservations: 6831
      162 words
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      3 21 Kupij Mmllima Hovm
      3 words
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  • EPICURE
    • Article
      Lock icon A rewarding visit to Ridge Monte Bello
      768 22  -  WINE CONNOISSEUR By N K Yong AMIDST the hype (focusing all too often on their astronomical prices) about the "cult" wines of California, it is easy to forget that long before they came on the scene there were the tried and tested "old-timers"
      768 words
    • Article, Illustration
      Lock icon Authentic Spanish
      693 22  -  While Sol may not be able to change the face of Spanish cuisine here as yet it does a decent job at the moment says JAUCEEE JAIME EE YOU don't really need to speak Espanol to know that "Sol" means "sun" —besides, you get a big blast of
      693 words
    • Article
      Lock icon Li Bai showcases new chef and hairy crabs
      338 22  -  Bu Jaime Ee THEY'RE back skinny, hairy, hard to eat but absolutely delicious. Shanghai hairy crabs are in season again, and they hog the limelight at Li Bai Cantonese Restaurant in the basement of the Sheraton Towers hotel. There is no dainty
      338 words
  • Page 22 Advertisements
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      158 22 I Follow I I the trend I I to Milan. I I Catch one of our four I weekly flights via Dubai to Milan, I I the undisputed style capital of Italy. I Along the way, you'll enjoy I B excellent in-flight entertainment on I B your own personal video
      158 words
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      Lock icon Page 22 Advertisements Column 2
      60 22 CARAN d ACHE OF SWITZERLAND ECRIDOR COLLECTION MAKE YOUR MARK Sole Distributor: SILVAROYAL PRIVATE LIMITED 27 Loy.ingW.iy Singapore S***** Caran d Ache is available at TAK ASHIMAYA (Level 3> -TIMES NEWSLINK Changi Airport TI (Departure Transit Lounge E.isn 8, T2 (Departure Transit North|. speciality W.uch A Pen Stores www carandache
      60 words
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  • PERSPECTIVE
    • Article
      Lock icon Will we, or won't we, have a casino ?
      768 23  - Will we, or won't we, have a casino QEEETBHRiI Moral argument aside, casinos as an entertainment venue are tacky. Even Las Vegas is trying to get away from its sleazy gambling imago jaime ee I DON'T like casinos. They corrupt social values. They turn ordinary, normally likable people into obsessive,
      768 words
    • Article, Illustration
      Lock icon Hie Asian niche
      1790 23 COVER STORY IT wasn't so many years ago that the Asian section in a bookstore was filled mainly with Western-published travel guides, serious literary fiction or the occasional cookbook. These days, you're likely to be assailed with coffeetable books extolling the virtues of Asian architecture, showcasing beautiful
      1,790 words
    • Article, Illustration
      Lock icon Intricate collage of characters
      380 23 Title: Dirt Music Author: Tim Winton Publisher: Picador 2001 466 pages, $29.96 Reviewed fo/S&ndhyaShyam READ the blurb at the back of a copy of Dirt Music and you would be excused for thinking it was a "made-for-TV" drama starring an angst-ridden woman in her forties. However,
      380 words
  • Page 23 Advertisements
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  • Page 24 Advertisements
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      124 24 A growing fascination with things Asian has lead to a steady market for V iW Asian lifestyle books, with Singapore becoming a leading publisher in this area. Jaime Ee looks at this promising export-oriented business mm 1 w Mi IV s W KM I J Wl F Jl m W
      124 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      268 25 Reuters THE Baltic Dry Index (BDI) rose seven points to 1,376, the Baltic Panamax Index (BPI) was unchanged at 1,301, the Baltic Handymax Index (BHI) firmed 38 points to 9,502 and the Baltic Capes ize Index (BCI) was up 15 points to 1,768. iuus-CHASUSi Andros Warrior (built 1986)
      Reuters  -  268 words
    • Article
      Lock icon MARITIME STOCKS
      250 25 cwm a w CWT Witrtbutlon_._0.70 unch 0 Chuan Hup 0.46 -O.Ol S68 Cosco Investment 0.T7 -0.01 93 Freight Links 0.04 unch m G8 Holdings 0.61 0.01 5 Jaya Holdings 0.24 -0.01 60 KeppelCorp 4 JO -0.04 609 Keppel Marin* 0.17 unch 487 Keppel Tele 0.88 uncti 35 Lairoy
      250 words
    • Article, Illustration
      Lock icon Jurong Port to start on third phase of expansion
      655 25  -  It is also trying to speed up transhipments with PSA By Beth Jinks [SlNGAPOßE] Jurong Port will push ahead immediately with the third phase of its container terminal expansion after passing the monthly throughput hurdle of 20,000 TEUs in September. Singapore's
      FILE PHOTO  -  655 words
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      Lock icon Ferry operator looks beyond Riau islands
      314 25  -  By] Donald Urquhart [SINGAPORE] With deliveries of its newbuilding programme of six high-speed ferries worth $25 million nearly complete, WaveMas-ter-Berlian Ferries Pte Ltd is looking at expanding its routes beyond the Riau islands of Bin tan and Batam. The new ferry brand is a
      Donald Urquhart  -  314 words
    • Article
      Lock icon P&O Princess profit up 7.3% in Q3
      336 25 Net income rose to USsl7sm as cruise operator trimmed costs Bloomberg [LONDON] P&O Princess Cruises third quarter profit rose 7.3 per cent after the No 3 cruise company accelerated cost cuts following the Sept 11, 2001, terrorist attacks. Net income rose to U*****.9
      Bloomberg  -  336 words
    • Article
      Lock icon Justice Dept asked to step in
      356 25 US PORT STRIFE Port operators give evidence of deliberate slowdown by West Coast dockers AFP [SAN FRANCISCO] US shipping lines handed evidence to the Justice Department accusing West Coast dockers of deliberately slowing operations in 29 ports crippled by a labour row. Shipping chiefs
      AFP  -  356 words
    • Article
      Lock icon Asia's shipping business very competitive: EOX
      346 25 Bat rates won't fall as trade volume is still rising, says MD Bernama [KUCHING] Asia's shipping business environment has become very competitive and is continuing to suffer from over-capacity, says Kuching-based EOX Group Bhd managing director Richard Wee. With new shipbuilding deliveries on the
      Bernama  -  346 words
    • Article
      Lock icon Mistake in law of contract does not make it void
      962 26  -  ADMIRALTY CASEBOOK Though ship which was to assist stricken vessel was further away than thought it did not mean contract was impossible to perform -Bl Selva Kumar AN error in the reported distance between two vessels has led to an
      962 words
    • Article, Illustration
      Lock icon Older ships may be charged more at Manila terminal
      208 26  -  By Alec Almazan [MANILA] Older, less efficient cargo vessels may soon be charged a higher cargo handling at the Port of Manila's international South Harbour terminal. Asian Terminals Inc (ATI), manager and operator of the South Harbour terminal, said that it
      FILE PHOTO  -  208 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      204 26 PACE Gemartrans 4 Avant 10 to B'tang Mas 5 Glory Kav K) BSA 6 4 BSC to HamtwrgSud 5 BTL K) Heung-A 3 CMACGM 3 HutHine K> COSCO 3 HUAl 10 Central E* 4 Hyundai 4 Chahaya K) »«nho* 9 China Shpq 5 lixtoguH 9 Confer 10
      204 words
    • Article
      Lock icon SHIPPING GUIDE
      10958 30 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Nam* Number Number SIN Destn Name Name Number Number 13/11 02/12 COSCO FRANCE 0009V* 65 *****900 To ABIDJAN (ABJ) 2003 Cot. D'lvoire To BEIRUT 01/11 23/n Delmas SANTA BARBARA I
      10,958 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        670 33 Vessel VoyNo Berth Airival Departure JURONG PORT AGIA PISTI 226S J8 A/SIDE 25/10 080C BT N DIANA *****2 J1 A/SIDE 25/10 0400 JEANNIE 3 215 J23 A/SIDE 25/10 1300 PACROSE NC-02/02 J9 A/SIDE 25/10 0800 SHANNON EXP 22 FEB J3 A/SIDE 25/10 1000 SINGA ENERGY ***** J12 A/SIDE
        670 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1489 33 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Bert Name Voy Voy seq berthing Nmto I ABU DHABI C213W Q13W 1 26/*****2 1800 27/1(y2002-0600 ACX LILAC 04SS 045S 1 27/10/2002 1500 28/10/2002-0300 I ACX MARGUERI 01 ON 010N 1 26/10/2002 15:00 27/10/2002-0300 API DALLAM 004
        1,489 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        143 33 Oct 28 New Zealand: Labour Day. Norl France: All Saints' Day. Philippines: All Saints' Day. Nov 2 Sweden: All Saints' Day. Nov 3 Japan: Culture Day. Malaysia: Deepavali. Singapore: Deepavali. Nov 6 Brunei: First Day of Fasting. Nov 11 Italy: Remembrance Day. France: Remembrance Day. Belgium: Remembrance Day.
        143 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        817 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 indicated The Cockett Bunker Price Index change and the
        817 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        445 33 >80 Mai 9915 0.4 15.0 0.06 49 0.04 P»wftT Water twMw kikJ*mh+m S«4I—t Ho above £25 1 0 0 0 0 0 380 Avt 985.7 0.2 B.I 0.05 23 0.02 ttAM %,/v JZ *****8 7 «J 0.09 52 0.05 w» M/M M/M WW mimn He above
        445 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon US urges trading partners to tighten security fast
        599 34 It wants them to boost air and port security and migration controls Reuters [LOS CABOS, Mexico] The US government told major trading partners across the Pacific Rim yesterday they need to move quickly in imposing strict migration, airport and port controls as
        Reuters; AFP PHOTO  -  599 words
      • Article
        Lock icon 3 groups seen bidding for 2 Cyprus airports
        160 34 Reuters [NICOSIA] A joint venture of a unit of Singapore's Changi Airport, is among three international consortia expected to bid for a contract to invest in and manage Cyprus's two airports. The project, one of the most ambitious privatisation initiatives undertaken by
        Reuters  -  160 words
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        Lock icon KLM Q2 profit triples due to new software, seat cutbacks
        390 34 The airline, however, forecast full-year net loss Bloomberg [AMSTERDAM] KLM Royal Dutch Airlines fiscal sec-ond-quarter profit more than tripled, helped by farecalculating software and cutbacks on seating. Europe's No 4 airline forecast a full-year net loss. Net income in the
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          Lock icon Virgin Blue to offer more flights
          83 34 Bloomberg [BRISBANE] Virgin Blue Airlines said it wiU offer daily flights between Perth and Brisbane from December as the Australian discoipit airline tries to increase its market share. The Brisbane-based airline said it will also add a Perth-Melbourne service next month and an additional
          Bloomberg  -  83 words
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          Lock icon Engine trouble cited in plane crash
          104 34 AFP [SYDNEY] Preliminary investigations into an airplane crash that kiUed a New Zealand famUy of four and a US honeymooner last month pointed to engine trouble in the Pipe Cherokee aircraft, officials said yesterday. The Australian Transport Safety Board said investigators still did not
          AFP  -  104 words
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        Lock icon Ailing United Airlines to stop flying to four overseas destinations
        522 34 It also submits updated business plan for federal loan guarantee AP [CHICAGO] United Airlines, battling to avoid bankruptcy, announced plans on Wednesday to stop flying to four cities in Europe and South America and strengthened its application to the US
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1872 34 PIT fuwr M wait [B LH9764 1445 1*7357 2250 1*9770 2230 S0325 VMS 0f5 2250 S0229 2230 LM77» 855 IH779 2305 Amtttritm $023 0(05 W.838 2225 JiiS!! 855 ""S 7 2305 6*975 1025 SO36 2345 J"®?! 2305 KL837 BIO 8*7358 1820 IM9763 2350 M- MM L
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      657 26 I TO USA/CANADA 1 EXPORT 1 OTHER DESTINATIONS I [rasa VOT ft 6 ImgtjLONGKMH IbMIASIhOMSTOW I IOKACO IIEWTOM I f TO AUSTRALIA (AIKTRAI LA A«HA FYDBcco I OOQCHWA 50(44 20/10 1/11 17/11 li/iT 22/ li 22/H I ooaitnn 43E4S 05/11 04/11 71/11 VII 27/11 27/11 27/11 30/11 WT HASM WC
      657 words
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      86 26 WORLDGATE EXPRESS UNES PTE LTD /JL 180, Cecil Street, #16-03/04, nen pic oil Bank Building, S pore *****6 Te<: *****911 Fax: *****073******863 Email: wgateombox2.singnet.com so WEBSITE: httpj/www. worldgate.com.sg WEEKLY FCL LCL SERVICE TO FOLLOWING PORTS MM Ml EAST SB NBMN SUR-COtfT SM WWG KOW6/CHIIU 27/10~ CQtQMtfl H/lF" gWUMW m— fyUilßi
      86 words
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      567 26 Lines somen represented by ff Members of if* Registry of Members of the Accrectted Shipping Agents, Singapore Logistics Singapore Shipping Associahon Association CONttMBtS/ CONVBTTIONAL CARGO -TV K*T nAK/wttrotf/juuuru c iangsok WY ETAPKL ETA SIN ETAMALE EapnwUy tTK Sir II 17/11 Hll PrtemwUb IVIt 17/11 2VII UU MAKINE SEKVKES SINGAPORE ■fc—
      567 words
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      1143 27 TO EUROPE FROM EUROPE *BSa VOTlw »T» <M HM MY SOU liH IfyKSa I VOV m N« NMI HV SOU IW SM HTUIMIRXIUK 311W 20/10 15/11 17/11 10/11 13/11 NUattt JJ* 05/10 07/10 0»/10 (D/ 10 24/10 AftWA IO4W 31/10 20/11 72/11 11/11 API RE 10R 11/10 17/10 0»/W JO/)0
      1,143 words
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      1612 27 1 p| DIRECT CALL TO COST^IR^SNIPPING PTE LTD j s ovm*tt"/u nL S /U train's/" I I ann/imooM rtLt mumto) mihw tmsjit/w I BANDAR ANAS 12 DAYS 44TWWS *****314/44 I ff&«S£s W SO«OW ntl7-35H144 HUL 17-*****71 CQWVBmom 442Q5301/OSO *****123/73 in/wt scr k w m mduuojmo m w i ni hi/ot
      1,612 words
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      444 27 msa vot pre sai pgu hkc sm usw pus mk voy hi hm ni jMKULSAII ***** ?3/10 24/10 QMtT 71/10 31/10 Ml VII 7/11 AQMAIGUBUTE lioT 24/10 iTTT W(HOMGKOW6 ?14W W/10 30/10 31/10 VII 4/11 1/11 »/ll 11/11 AOUUC 04H 2/U 4/fi i/Tj aosakura oom f/11 "lyfi iyir i Wrrsw
      444 words
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      1130 28 HYUNDAI MERCHANT MARINE CO., LTD. <» "P. HM7WOOOH jwat vor jsw j sou w Ir«| am I han I orv I fvcsa yoT|sou[ta<|mi|/unlHMi|wv|^ hywscovery jmw #4/11 24/11 jo/u 22/11 ?4/n imratfouuNa oo4i m/ii os/it 70/ M oT/Ti n/io API DENMARK 103W 07/11 24/11 M/ll M/ll API DEMURS 107 EM/M 02/10
      1,130 words
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      969 28 WAN HAI UNIS (S) PH LTD WIWAN HAI LINES V S ws,m rnv »i w WWW.WM(Mi.CM.S| ®■.«!!QMIOU HI)SS47HnaU: 7IUB/***** HUL ;iU7Y KKpi ,4 )itiiuhH4lam/iiaM pwii? ISd kiThi «mi oil «/ii ii/ii "ail ■L__m -*0 ai hHiwn) mn e«/ii mi v/ii wii -i. hMiM7it in* mvii ivii ivii i vii ivn
      969 words
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      693 28 WEEKLY EXPRESS SAIUNG SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AMD WES TERM ICQ POINTS WSSB VOT SHI HMK COLOMBO HSIffVA COtONBO irorawm raw hog uqq moo 7300 moo komwkw pis nog nog vOO aoa pw I oi» aoo moo cm* »»o» Wlo> usHtsm soiswr (Mm* uwm 10hov i3«o» im
      693 words
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      1067 29 IRISL, ikxrymi) fan tflhy liblfrdlM-i &(sKsoofpite (SsMfgfs) (stf) Uihljfemsjlh ibiilll] <sfi {fex? ihj Unlkm*} Urn Jifeia) cas wsl]] °ig ifcj o&mMm to (fc fcaitestf itoeimlto uifom* AGENT IN SINGAPORE AGENT M MALAYSIA AGENT IN INOONESIA SINOSE MARITIME PTE LTD CR NO: **********0H BOUSTEAD SHIPPING AGENCIES SON. BHD. PT. SINOSE CONTI
      1,067 words
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      568 29 UK CONTINENT SERVICE Loading for ARETE RDM/ATW/BMN/UK/NAN MICHAEL S RDM/ATW/BMN/UK/NAN OURANIA SMILE RDM/ATW/BMN/UK/NAN Loarta Singapore. E/ft. Matoyaa. Indoneaa MIDDLE-EAST SERVICE Loading for KALMA HDD/JDH/AQA/DMT HIGHLAND LIGHT D6I/ABU/DOH/BRN/DMM/KWT LOK KiRTI D6I/ABU/DOH/BRN/DMM/KWT HABIBE ANA HDO/JDH/DMT ANGELA HDD/JDH/AQA/DMT -Loads Sngapore, E7W Maiayaa. Indoneaa USA SERVICE Loactngfar SURYA KRIPA CAM/NKF/SAV/NOL PAC DREAM VCW/LAX/MZL VANESSA
      568 words
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      882 29 ssss H# _ffl» HU si A "SHSSK K iLii J jsuau mi «/»c 26/iq" ■"KISS 8m WXh -2M 41 2E 27/l'g 3tmZ ■>!a: Lssi- i: z,i SojIFMSSI jjfe Su JH WW WITCH MMUt 93/11 05/11 uuiui {Ifl? wPQtxmsM mow w/ii ii/iP" oouSuuu Su Tfttt fftJK--17/111 i«ou*uu oil —Hfli —%flr JSSSa
      882 words
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      342 30 A LIN E |vd |>w—lowI tbp |ic»r>y| IVwh w ,t||f„ rM ,|mi|_.i" _Ajif 002 IE 26/10 03/11 12/11 13/11 15/11 Asir 002 IE 26/10 14/11 20/11 21/11 Asil 002 IE "267T0 17/11 ~277iT 28/11 30/11 ~027T2~ Asir 0021E 26/10 18/11 ns/l? Hongkong SenotoT "827E 297)0 ~227TT ~OmTT "*****" 057T2 W7TT
      342 words
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      184 30 HASntl LOAMNGFOt 28 OCT DUBAI, DAMMAM, B. ABBAS 1 NOV COLOMBO, (HENNAI, TUTI 2 NOV YANGON, CHITTAGONG/MONGLA 12 NOV BOMBAY, KANDU W—My Contoinr Servif to Cotombo, U Indwn Port* and P. Gutf ETA ETD LQAOMG FOR JUN 3 22/10/2002 23/1(V2002 PHNOM PENH A VUNGTAU •MM 3 02/11/2002 05/11/2002 SIHANCXJKVWXE TROPICAL
      184 words
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      200 30 CWT GLOBEUNK PTE LTD W OWN OfFICIS IN TEL.*****833 (36 LINES) FAX:*****742 M SYDNEY MELBOURNE PENANG PORT KELANG PASIR GUDANG KUCHING BANGKOK KARACHI BOMBAY New OIL HI COLOMBO HO CHI MINH CITY HAIPHONG HANOI BREMEN HAMBURG TIANJIN QINGDAO SHANGHAI XIAMIN FU/HOU DALIAN XIAN BEIJINGSHI JIA /HUANG mm Mmimtit&wmm ALEXANDRIA/PORT SAID/ASHDOD/lIMASSOL/PIREAUS/IHESSAIONIICI/BEIRUT/AQABA/ISTANBUL/IZMIR
      200 words
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      46 30 W M WINSTAR SHIPPING PTE LTD IE *****277 FAX *****007 CI NO H*****0000C BAT A M Sdtag* Wwldy («m -W) 3 Sdhyj Wootiy (Mm. VM. Frl) Loodmj oi Jwtn| Port loodng at Container fori Door to Door fQ/IQ/ Fa Co Cargo Dm to Dow PROJECT CARGO
      46 words
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      251 30 BSAj MYANMA pm FIVE STAR UNE (Myoaaor NoHmml Um) loodiag far Ym§m wssa vor sm nu pen pgu OflM SHWI HAW MW su> PAGA* V3O4W SU) IN MALAYSIA: OOUSTIAD SHIPPING A&NCIIS «UL 03-1142/300 P»L 03-317M101 PIN: 04-1*1240} M BANK LINE (A v»r*ic« of /U4r«w Weir Shipptwj) V" I NORTHBOUND TO
      251 words
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      721 32 11 ■iiiiiimiiiH ram I TIGEI SHAM 074N 79 79/10 03-04/11 1010/11 I I TlG€* SKY 075* 31 31/10 0507/11 17 IVII I I ri6fl fSLAMO 075S 0101/11 HM DISfHAIGING OUT I I SHANGHAI UP 026* 04 04/11 Of 10/11 1616/11 I |j6«jt!g6t__o?7ll 06 07/1 i 1214/11 na/[| I SIN *^cal^^S!l^l
      721 words
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      912 32 I VESSEL NAM! VOT SINGAPOOt PORT RaANG CWnAGOWG MOt»GU n no jta etd eta etd 0( DjBWY 06N052 SUN 27/10 21/10 20/10 ai/ii I 1 (XLARK 09N037 HON 71/10 79/10 79/10 01/11 1 1 PC HONOUR 07N049 Htl 01/11 W/11 02/11 o*7Tl IoTTI 1 07N124 SUN 03/11 05/11 Qj/fi iiTTI
      912 words
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      879 32 U^ipDnMr^^=^\ I SWCAPOtL TONO XX) ft! LTD MSUNG2Q2I 27/H WSWH nil 27/10 gjUjjl 2245 30/10 GIUAW 2245 30/10 IgfONG tnzH W» ffi/11 27/10 eg nil 20/10 WSOOW 2276 31/10 GMUW 71 ST OS/II IfftKSSPOtE OB 01/11 ~jyn~ ng 04/111 Ltm» nu nyTrfci^ —m —Sr ®s*y_ J?H M/H M* >IS* 05/11
      879 words
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      255 32 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI IVKSa I VOTACt EUSHGAfOtt ITAMMOa |MU« I 004HW H/11/07 3n/)l/D7 «—'V* SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood *17-07/08 Toww, Singapore *****5 TeUphon*: 6270 0977 VJI FotumiU: 6275 2309 TaUx: RS ***** SEAPAC MRECT SIN NAMPO, DJ>JL KOREA I rasa
      255 words
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  • Page 33 Miscellaneous
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      128 33 r \Y\' LEGEND: Issued by Meteorological Services Division, NEA K Thunderstorm Showers S^\ Rain T w^a?ho Ure C (J Wind direc,ion and speed in knots Cloudy Day Weather W Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j I Slight,
      128 words
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