The Business Times, 20 March 2003

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Total Pages: 28
1 28 The Business Times
  • 15 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE Internet: i-ttp://business-times.asial .com.sg THURSDAY, MARCH 20, 2003
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  • 1182 1  -  Oil prices may not fall much; doubts over US economic and stock market recovery By. Larry Wee [SINGAPORE] A US-led coalition could invade Iraq as soon as today, but in assessing the economic impact, it may be wrong to draw
    Source:  -  1,182 words
  • 690 1  -  Money may head for Asia as US wrestles with war cost By Wong Wei Kong [SINGAPORE] Equity markets may be bullish on a short war in Iraq, but the biggest challenges will come after the war is over, contrarian fund manager Marc
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  • 806 1  -  Ruling on whether to appoint judicial manager reserved By Catherine Ong [SINGAPORE] Chief Justice Yong Pung How yesterday rejected the argument that Singapore courts should wash its hands of the US$l4 billion Asia Pulp Paper Ltd (APP) default
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  • 75 1 ST! (+10.89) ST INDEX FUTURES M 52.00 (+12.00) SIMSCI FUTURES 188.20 (+2.50) Wednesday Change KLSECOMP 627.94 -0.86 NIKKEI 225 &***** *96.58 HANG SENG „__9.*****_.+ I17.08 SET INDEX 961.13 -1.72 JAKARTA COMP .-385.48 *0.85 MANILA COMP .1.***** +14.87 TAIPEI WP1 4.***** 24 65 SECKX COMP ***** +4.47 SHENZHEN B *****
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  • 77 1 FOREX RATES US$ M rs$ (S$ per rs$) 1.768 £(l'SS/SS pw 1.364 1765 EI"RO(l'SS/SS/E) 1062 W1 YEN 118.8 6710 RM 1800 1149 HK$ 7799 4.411 BAHT 43 00 2412 RITIAH 9.075 5,133 RENMINBI 8199 4 694 INDIAN RITEE 47 69 2657 PRIME RATES SINGAPORE* Kl ALA LlKPlll 6 40
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  • Page 1 Advertisements
    • 65 1 B k 1 9 W' S3l2m Sun Microsystems-S'pore handshake ■Pq 18 1711 Internet's next bet: The Giganet a/7 (*****11 l 8 '887 81 *****4" Off AMIWA a nt^nlna A LAM AI nfll Bi ufwne contains a now or weo-oasec resources, offered free to BT newspaper subscribers. For 00m, It wtt
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    • 9 1 JM tocAPPa death knell or fair move? Pg 9
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    • 138 1 State of US economy remains prime concern 'Pg 2 Iraq crisis sparks Asean's worst split in years Pg 4 Repairing the collateral damage to EU Pg 12 London banks' emergency back up too close to home Pg 14 Shipping may come to standstill in Gulf Shipping Times. Pg 1 It
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    • 844 2  -  Post-war rebonnd not a foregone conclusion: analysts From Andrew Marks in New York THE imminent war with Iraq may be grabbing the lion's share of investor attention, but as the opening of trading on Tuesday showed, the fragile state of the
      844 words
    • 432 2  -  Move signals bank's commitment to improve capital structure and ROE: analysts By Siow Li Sen [SINGAPORE) OCBC Bank yesterday gave weary shareholders a pleasant surprise it proposed a special net cash dividend of 49.75 cents per share (or 63.78 cents gross), demonstrating at the
      432 words
    • 591 2  -  Engineering talent sets it apart from placf# likp China, say HDD makers By Amit Roy Choodhury lsiiNUAfUKe,| Singapore still enjoys a significant edge over China in high-end manufacturing of hard disk drives (HDD) and other storage solutions and is well located as
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  • Page 2 Advertisements
    • 281 2 leader mam ARE YOU A COMPLETE pioneer IN Ky FINANCIAL ADVISER? FINANCIAL ff?ra o# a kihiihin LftJU Five Key Questions to Determine Your PLANNING Completeness as a Financial Adviser Entrepreneur: Do you have the ability to advise and deal in winning products selected from a wide range of products and
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  • Page 3 Advertisements
    • 74 3 VACHERON CONSTANTS Manufacture Horlog6re. Geneve, depuis 1755. «3B—M!B^—PalMßWWilM^l^B^^^— S^BHBSBi^^^SMijsߣi^^B[^B^Bßl^aißßSBi^a^BEHß^ />^ R/ ■**»*//%*»*s*v% \><»;%>: v > #>«. V I ■fii' in s > 'ii/k > t u.- J" .»'PP TV! d I IT? T\Clt Ugf fIOC F*Cf p«lUar warelWW 1 *f yf%£' Masterpieces. From time's finest artists^/^ Authorised Retailers Singapore: Cortina
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  • FOCUS iraq
    • 701 4  -  ASEAN Annnai ministerial retreat ends a day early inconclusively amid clash between pro-war and anti-war camps yang razali kassim THE Great Split at the United Nations has spilled over into South-east Asia. Unity among the 10-member Association of Southeast Asian Nations (Asean)
      701 words
    • 430 4  -  By George Joseph [SINGAPORE] Singapore Airlines is expected to cut back on its flights to various regions, as Asia's most profitable airline atflusts to the pressure of an imminent war in Iraq and the effects on travel of the Severe Acute Respiratory Syndrome (Sars)
      430 words
    • 697 4 City's fall will undermine Iraqi resistance elsewhere: officials NYT, Reuters [WASHINGTON] With Iraq staying defiant, units of a US-led invasion force moved into position yesterday for a war to oust President Saddam Hussein that could be less than a day away. In his speech to
      NYT,; Reuters  -  697 words
    • 493 4  -  Extremists will use war as excuse to attack US and UK interests, he says From Anthony Rowley in Tokyo DRAWING parallels with the disastrous US military involvement in Vietnam in the 1960s and *****, the Iraqi charge d'affaires in Japan yesterday
      REUTERS  -  493 words
    • 501 4  -  From Shoeb Kagda in Jakarta INDONESIA'S privatisation programme, a cornerstone of the country's efforts to revive its economy and plug the government's budget deficit, could become a casualty of the impending war in the Middle East. A government spokesman said yesterday that Jakarta would
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  • Page 4 Advertisements
    • 103 4 ANNOUNCES A WHOLE NEW CHANGE EFFECTIVE 30 MARCH 2003 DEPARTURE FROM SINGAPORE TO (destination I FLIGHT I DAYS OF IDEPARTUREI ARRIVAL NUMBER DEPARTURE LOCAL TIME LOCAL TIME CHENNAI AI4OI DAILY 1955 2115 HYDERABAD *AI 6478 MON/WED/FRI/SUN 2115 2320 A 1473 THU/SAT 1440 1640 MUMBAI At 401 MON/WED/FRI/SAT 1955 0005 NEXT
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  • SINGAPORE companies
    • 533 5  -  COMFORT-DELGRO MERGER But shareholders still uneasy about share swap ratio, pension deficits Reports by Christopher Tan DESPITE some concerns, Comfort and DelGro shareholders yesterday voted for a merger of the two companies, paving the way for the creation of possibly the world's largest
      533 words
    • 184 5 IT is still unclear whether transport firm SBS Transit has been issued an operating licence for the north-east MRT line, although it is nearly four years after it clinched the operator contract. Yesterday, Kua Hong Pak, chief executive of DelGro SBS* parent
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    • 437 7  -  Higher expenses and forex losses in H2 cited By Wong Wei Kong SINGAPORE'S largest brokerage house, UOB-Kay Hian Holdings, saw a 26 per cent drop in profit to $11.9 million in 2002, dragged down by losses in the second half. UOB-Kay Hian said
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    • 293 7  -  It swings to $0.28 in profit after quitting Net kiosk business By Wong Wei Kong XPRESS Holdings has returned to the black the first major positive result of its effort to refocus on financial printing after its disastrous flirtation with the
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    • 813 7  -  HOCK I l.f J 11,-1 WUI kalpana rashiwala IN a report in BT this week, DBS's managing director of debt capital markets Stephen Finch was quoted as saying that investors are getting comfortable with real estate investment trusts as a product. And in five years,
      813 words
    • 330 7  -  By Loh Hui Yin PEOPLE'S Food, which has been out of favour with investors, yesterday posted a 34 per cent increase in fullyear net profits to 823 million yuan (Ssl7s million) from 615 million yuan previously. The China-based company's management emphasised that
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    • COMPANYBriefs
      • 73 7 GARMENTS manufacturer Ocean Sky, whose initial public offering of 92 million new shares closes at noon today, said it has sold more than 35 per cent of its IPO shares to four investors. The shareholders, which bought a total of 32.8 million placement
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      • 64 7 SEMBCORP Industries' construction arm, SembCorp Engineers and Constructors, has won a $13.4 million deal to build a 172,000 sq ft semiconductor plant in Suzhou Industrial Park, in China, for Carsem-Suzhou Ltd. Construction begins next month and work is expected to be finished by December. SembCorp
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      • 101 7 SESDAQ-LISTED Teckwah Industrial yesterday maintained its final dividend rate and proposed a special dividend despite posting a 28 per cent fall in net profit for the year 2002 to $6.3 million. The print and packaging company, which is also a value chain services provider, proposed
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      • 68 7 IT solutions company aspnetcentre announced a dividend payout 0f242 per cent per share, despite posting losses of $3 million for the year to December. This compares with profits of $4.5 million a year ago. Loss per share was 1.21 cents, compared with profit per share
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  • Page 5 Advertisements
    • 623 5 The Group Doing Business with the World Bank: Reaching Out to the World FM^B t Shangri-La Hotel Singapore /fy Y 21 March 2003 8.30 am 5.00pm HF W I In todays volatile economic landscape, Singapore companies need to glpbalise and regionalise in order to remain competitive. However, many companies may
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  • SINGAPORE markets
    • Article, Illustration
      318 6 OTHER SINGAPORE INDICES Mar 19 VALUE CLOSE BTOB/QS -80.00 +138.00 ITCOM -*****.00 +€9.00 WIMyW -*****.00 -8.00 jyHCrmMli 345.33 +2.40 SG EjdMwEhct 120.55 +1.35 S6£«rfbwFk 1074.18 +5.58 312.21 -1.43 ggfrppOT 157.57 +1.10 SHOFBtTM 159.20 +2.50 Stocks Volume Chart SemiCond 26c 38,665,000 Accord Customer 2.5c 19,729,000 SingTel 15c 17,038,000 Datacraft 10c 16.588.000
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    • 282 6  -  BOT STOCK/ WARRANT By R Sivanithy ACCORDING to conventional wisdom, the worst is over for the local stock market for the time being and if the war in Iraq proves short-lived, prices can embark on a sustained uptrend. Although we're sceptical that this happy
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    • 828 6  -  STOCKS r. sivanithy YOU can sense the growing fear in the stock market at the moment. No, we're not talking about the fear of a drawn-out war in the Middle East or concern that the conflict may not go the way
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    • 583 6  -  CURRENCIES Dow may provide some directional clnes for sessions ahead larry wee ASIAN currency trading yesterday focused on finalising positions ahead of a possible US-led invasion of Iraq any time from today. In one small sign that not all are convinced the
      Source: Reuters  -  583 words
  • 3108 6 UNIT TRUSTS FUNDS ■TnTTXTvfTTTTSBHHHIHH Com Global Finance Index Fd 0.687/ Com Global Lifestyle Index Fd .0 794/ Com Global Health Index fd 0746/ nmi Com Global Telecom Index Fd 0 382/ Com Global Infotec Index Fd!** ***** Ci oJ2?/ Com Global Enerm Index Fd 0.781/ Com Global Travtflndex Fd 0
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  • Page 7 Advertisements

  • Page 8 Advertisements
    • 102 8 I THE WORKER'S I I STRUGGLE IS I I FINALLY OVER. I That's because the revolution begins today. Come and witness the revolutionary range of Canon office solutions, including the groundbreaking iRC32OO multi-function machine. These tools will help us rise above inefficiency and set us free from drudgery. Also, hear
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  • SINGAPORE news
    • 517 9  -  YESTERDAY DC PARLIAMENT Costs won't come down, but water conservation will help keep prices low By David Boey WATER costs are unlikely to come down in future, but the government has pledged to keep water tariffs affordable, Environment Minister Lim Swee Say
      FILE PHOTO  -  517 words
    • 342 9  -  Intake to be cnt if standards fall, says NgEng Hen By Chuang Peck Ming QUALITY still comes first and intakes will be cut back if standards at local universities drop, Minister of State for Education Ng Eng- Hen told Parliament yesterday. Addressing the concerns
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    • 284 9  -  By Christopher Tan PAST freak results aside, COE prices yesterday settled close to their lowest levels in recent years. The tender which ended yesterday saw weak bidding, with four out of five available categories being undersubscribed up till 3pm. Car premiums continued their southerly
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    • 730 9  -  By Catherine Ong LAWYERS in the Asia Pulp Paper Ltd (APP) case yesterday asked the Court of Appeal to balance a "doomsday scenario" in the appointment of a Singapore judicial manager to the insolvent company against a need for fairness
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    • 270 9  -  It'll beef np R&D team to develop TVs for global market By Elgin Toh JAPANESE electronics giant Toshiba announced yesterday that it was moving to Singapore its development work and design engineering of colour television sets (TVs) for the global market. To consolidate its
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  • Page 9 Advertisements
    • 298 9 I SMART WORKERS I I OF SINGAPORE UNITE I I AT THE CANON I I PRODUCT SHOW AND I I SEMINAR. I MERITUS MANDARIN SINGAPORE, LEVEL 5, H SOUTH TOWER, MANDARIN DALLROOM H 333 ORCHARD ROAD, SINGAPORE *****7 20" MARCH 10.30AM-6PM, 21" MARCH 10AM 6PM MB Ttardaj 2«» Mwck 2H3
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  • EXECUTIVE suite
    • 345 10  -  Price tag for 4-storey freehold property near Little India said to be $10-llm By Andrea Tan YET another boarding house has hit the market. A four-storey building with 32 boarding rooms, in Syed Alwi Road, has been put up for tender. Price indications for
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    • 501 10 Analysts cite higher home sales, lower provisions for $161 m forecast Reuters CITY Developments (CityDev), South-east Asia's second biggest property and hotel group, is likely to report 2002 profits almost quadrupled, due to a rise in home sales and a drop in provisions for
      Reuters; FILE PHOTOS  -  501 words
  • Page 10 Advertisements
    • 273 10 0» British Virgin Island* Cayman Mauds Bahamas s Hongkong Samoa Full nominee, management, corporate secratarlal, banking H and professional administration sarvtcas arc available. We also specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. j E For further information and immediate service please II I contact.
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    • 142 10 The best place In town where you can sing and dance for the price of one. It's the perfect spot to celebrate your next office or birthday party. Happy Hours Free KTV Room during Happy Hours. Mon to Fri, 6pm to 8.30pm; Sat 3pm to Bpm. Small Room at $38
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    • 143 10 off your total bill Valid only with a minimum $100 spend on d la Carte m m menu Please present coupon upon ordering Valid til 30th April 2003 Coupon is not valid for promotional 1 I offers, s«t menus, or with other discount cords Valid from Mon-Sun, including public holidays
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    • 99 10 IT S OFFICIAL. We're in cahoots. Announcing a merger'' \ofices Executive Set Lunch I—vansi-i1 —vansi-i Experience modish dining by Waters I noon to 2.30pm daily ■QfißiCJ vegetarian Wm menus available ||V Ss2o— per person For Reservations, tel: 6345 4466 or fax: 6344 5344 2 Stadium Walk #01 -04 Singapore Indoor
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  • REGIONAL news
    • NOTEBook
      • 91 11 Bloomberg [KUALA LUMPUR] Commerce Asset-Holding Bhd, Malaysia's second-biggest bank, said it posted a profit in the fourth quarter 0f2002, reversing a year-earlier loss, as it reduced bad-loan provisions ami earned more interest income. Net income was RM172.1 million (SsBo million), or 6.8 sen a share,
        Bloomberg  -  91 words
      • 104 11 AFP [NEW DELHI] The Indian Cabinet has set a limit of 26 per cent foreign investment in TV news channels uplinking directly from the country for news coverage. The decision was announced following a proposal by Hong Kong-based Star TV to uplink directly from
        AFP  -  104 words
      • 97 11 Reuters [MANILA] The Philippines confirmed yesterday that its budget deficit reached 31.53 billion pesos (Ssl billion) in the first two months of the year—on track to meet a projected first-quarter shortfall of 55 billion pesos. The government also confirmed that its budget deficit was at
        Reuters  -  97 words
      • 104 11 Reuters [TAIPEI] Taiwan's economics minister said yesterday that the 2003 economic growth forecast for the export-oriented island could be cut to 2 per cent from 3.6 per cent if a US-led war against Iraq lasted for six to 12 weeks. Minister Lin Yi-fti
        Reuters  -  104 words
    • 229 11 B JAKARTA AP INDONESIA has promised the International Monetary Fund that it will undertake reforms including selling off state-owned banks and overhauling its judiciary that should allow it to get a new US$45O million loan. The reforms promised in a letter made public are
      AP  -  229 words
    • 416 11 HONGKONG Soaring oil prices cloud outlook for next 12 months, survey shows Reuters FUND managers who invest in the Asia-Pacific region ex-Japan have become increasingly pessimistic about Asia's economic outlook over the next 12 months because of soaring oil prices, a Merrill Lynch survey showed.
      Reuters; AP  -  416 words
    • 326 13 SHANGHAI Foreign investors can now use yuan to bay shares, bonds and mntual fonds Bloomberg CHINA expanded access for foreign institutional investors to stocks, bonds and mutual funds as Asia's second largest capital market prepares to open its yuandenominated securities for the first
      Bloomberg  -  326 words
    • 284 13 PMHUmUHIA SCARE Bloomberg, AFP [HONG KONG] A new strain of pneumonia blamed for at least nine deaths and for infecting more than 200 people worldwide is caused by a virus from the same family that produces mumps, the Chinese University of Hong
      Bloomberg,; AFP  -  284 words
    • 368 13 TAIPEI Ikhnui chipmaker tins to increase return an equity to 20% from 7.5% last year Bloomberg TAIWAN Semiconductor Manufacturing Co (TSMC), the world's largest supplier of made-to-order chips, said it will limit spending on expansion to lift profitability. The company is aiming
      Bloomberg  -  368 words
  • Page 11 Advertisements
    • 412 11 I Industry- MkMnA Stagop ol tf® I««—J^~l >y ne IP 1 |HnyH9IIH| Call toO-frec 1800 289 8822 THE COMPANIES ACT (CHAPTER 50) THE COMPANIES REGULATIONS Folio No SECTION 227N/REGULATION 55 NOTICE OF JUDICIAL MANAGER TO CREDITORS OF FIRST MEETING Nome of Com pony SEATOWN CONSTRUCTION PTE LTD (formerly known as
      412 words
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  • EDITORIAL & opinion
    • 664 12  -  OPINION iif.uw.'jinra shada islam CALL it collateral damage. US President George W Bush's drive to disarm Iraq by force has dealt a deadly blow to European Union unity, with the 15 governments now in open disarray over America's impending war against Baghdad and relations
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    • 113 12 'We can't forget that war is inherently violent, that people are going to die. As hard as we try, as hard as we try to limit civilian casualties and so-called collateral damage it will occur.' Richard Myers chairman of the US Joint Chiefs of Staff, on war
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    • 530 12 EDITORIAL DEPUTY Prime Minister Lee Hsien Loong's remarks about reviewing corporate quarterly reporting requirements must have come as a surprise to many, especially those with the impression that the authorities are practised in the art of hearing —but not listening. Replying to MP Sin Boon Ann during
      530 words
    • 883 12  -  A troth that is escaping Bush and his Republican supporters is that plutocratic democracy is the enemy of economic progress not its friend By Paul A Samuelson A CENTURY ago, an obscure German philosopher wrote a short-time best-seller under the title, Decline of the West. His
      REUTERS  -  883 words
    • 622 12  -  MAiLirm Tok Choon Boon Singapore AS a private retail investor, I am pleased to see various unit trusts and other wealth-enhancement products offered by the financial sector here. However, I have yet to come across an open-ended Singapore index fund that adheres strictly
      622 words
    • 384 12  -  Tan Kok Tim Singapore DURING the Budget debates, an NMP asked whether we should make do without the Prime Minister or rotate the position. Another MP asked when we would have women in the Cabinet. Do all these questions have any relevance to the Budget? I
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  • Page 12 Advertisements
    • 97 12 Fax your letters to 6319-*****r email them to bttetterQsph.com.sg or write to: The Business Times, SPH HQ, 1000 ToaPayoh North, Podium Level 3, Singapore3lB994. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the right to
      97 words

  • Article, Illustration
    1058 13 Transaction date: Mar 19 DITERBAMK CROSS RATES A$ C} tt 6w Mil Vm *m M VS Mth Nan S$ tani Sfr UTS 8att Hmt W$ Amtr»«« 0475 4.9T7 0558 4620 28.255 ***** 0.704 7.448 2251 1.079 ***** 32.573 1048 4435 0.821 ***** 25.475 0179 0.592 Cana8a 1143 5.619 0.638
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  • Page 13 Advertisements
    • 2158 13 THE THAI PRIME FUND LIMITED (Incorporated in the Republic of Singapore) Notice of Fifteenth Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Fifteenth Annual General Meeting of the Company will be held at the Meeting Room. Sth Floor, Mitsui Building. 2-1-1 Muromachi Nihonbashi. Chuo-ku, Tokyo 103-0022. Japan on Thursday.
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  • WORLD news
    • 482 14 LONDON Contingency plans in event of terror attack not radical enough, they say Reuters BANKS in the City of London, Europe's financial hub, say they have made contingency plans to keep them in business if there were a terror strike on the capital, but
      Reuters  -  482 words
    • 285 14  -  From I Shada Islam in Brussels EUROPEAN Union leaders will meet for the bloc's economic summit today and tomorrow despite public squabbles over Iraq and in a bid to give Europe's ailing economies a muchneeded boost. "We are faced with an exceptionally difficult
      285 words
    • 334 14 NEWYORK Reuters, Bloomberg RICHARD Fairbank, chief executive of credit card firm Capital One Financial Corp, took no salary or bonus at all for 2002, and did not cash in any of his massive stock options, according to a regulatory filing. Still he is
      Reuters,; Bloomberg; BLOOMBERG  -  334 words
    • 294 16 Justice Dept set to seek Hamagftg in trial next year Bloomberg [WASHINGTON] Tobacco stocks fell sharply on Tuesday after it emerged that the US government will argue in a trial next year that big cigarette makers should forfeit US$2B9
      Bloomberg  -  294 words
  • 1403 14 8I00M FUTURES Maris RUBBER Fatwts (Oosta* picas) RSS1(ScMbAq} Odm Votaaw OpM Meat* Mfb tar Soft (to—m) tatomt A®r 03 ***** May 03 186.75 Jw 03 04.75 Jai/S«03 ***** RSS 3 (US oats/kg) VotWM OpM Moatt Hiyii Low Sett (tows) Morost Apr 03 105.50 1100 Hay 03 105.50 104.75 *****
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  • Page 14 Miscellaneous
    • 313 14 CRYPTIC CROSSWORD ACROSS 1 The costs of accommodation H HF HE 7 The French queen goes ir^^ap^r^t^ums 1 (5) back (9) 3 The quintessential show 8 An artist tends to be ruder business entertainer? (8) when disturbed (5) 4 If you're on it, you may get off ty (8) 5
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  • 4535 15 Transaction date: Mar 19 for more, go to wwwiisiaonenmarketB.com HONGKONG vat HKRWI 1.16 003 542 HKS W- '000 Hong Kong Electric 3060 010 3593 Hongkong Chinese .0.61 unch 224 Alpha General 0.22 0.01 72 Hongkong Chinese Ltd 061 unch 224 Ananda Wing On 0.01 unch 900 Hopewell Hufcknqs
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  • 2080 15 Transaction date: Mar 19 KUALA LUMPUR ■u w rwwn FW Industries 0.16 unch 0 1 Gadang 0J0 -0.14 12 A4 MReatty 0.71 0.01 3 J? 4 1 H? 21? VZ Abnc .0.70 006 45 "JS H51 ACP Industries 2.89 unch 24 Advance Synergy .0.34 unch 100 <?"**** —ao> o
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  • 646 15 Transaction date: Mar 19 U4 Omm ta QK 441 lfl «M MMtt U USD «0 raiW it 111 1.1N 4flS> OOC tl US -4J8B MSHMft W UK •cms OUE Mi l» -AMB 0%0w*fc t«« MOO «0i» Mm»H& 0« J>« -cat* cmm'S ftjcr 1IM> «4'» »v 1W u» oe«» as
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  • 489 15 BONDS WARRANTS Lai V* Com, Eur tar-Mai cam—i Mt *m- rtm w» tm u» AST1W*****1 175 1 It IS 0» 15 Aon* Ltd MKM111S 45 1 50 091 122 20 Amte*W*****0 Si 1 20 1 33 S IB H Armstrong 1MM0520 OiS 1 10 75 1200 14 •ouONdwotoaoa 12 1
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  • Page 15 Advertisements

  • 5274 16 Transaction date: Mar 19 for live prices, log on to uwwxisiaonemarketeixym 52-M UM Vol Day It Q—*« GfOt» H* CrtU Ntf MCap MMl Law Cgp jaja W- PI t— M» CV l_W_g ABNAmroNLG 56c 9 12 3.4 1388 20.5 9 ACE Dynan»cs20c 115 115 14.5 07 1.1 19.2
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  • 63 16 a* UM M oqr lion Srt* M> SrtW MM HCm W# I— CT Mi W- CW« 1— —rm Wfcr CVr m >3 ***** 99 Diamonds U*****cd 4900 2700 (S DJ US Tecti US3740 555 555 ISMSOSpore USSR ***** BOO ISS4P500 *****70 ***** C(0 STOWS USHMcd 1105 12)0 ST1ETT100
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  • Page 16 Advertisements
    • 82 16 fiUDEMARS PIGUET Lc maitre de I'horlogerie depuis 1875 Exclusively at: CORTINA WATCH PTE LTD Millenia Walk Tel: 6339 1728. Paragon Tel: 6235 0084, Raffles City Tel: 6339 9185. SINCERE WATCH Ngee Ann City Tel: 6733 0618, Lucky Plaza Tel: 6737 46*8, Suntec City Mall Tel: 6337 5150, THE HOUR GLASS
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  • Page 17 Advertisements
    • 552 17 OCULUS LIMITED (teofporatodiniießapublcofStag^ort) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company win be held at 11 Jalan Meein #05-00 Standard Inducfrial Buidng Singapore *****3 on 4 Apt* 2003 at 10.00 a.m. for the purpose of considering and. 1 taught ft, passing
      552 words
    • 1381 17 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF 1) FORWARD MARKETING (SINGAPORE) PTE LTD 2) WK INTERNATIONAL INVESTMENT PTE LTD STATUTORY DECLARATION BY A DIRECTOR OF COMPANIES' INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I. LEE MAN FAI RICHARD of IC2/F«oor. Shtu
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    • 211 17 sleep in the heart JLof Orchard Road... dJk m m and travel with ease 1 pHOEN# from just *****.00 W" m Privileges include A Special Breakfast Rate at S$ 12.00 per person Free usage of in-room computer (special rate for Internet access) Free entry to Singapore's latest night spot Induz3
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  • BIZIT
    • 775 17  -  INFOTECH It Is already in use in research institutes and military facilities in the developed world, including here in Singapore. Soon, we will all be able to nse it raju chellam IMAGINE this: You're in Tokyo at a sales conference. During your
      775 words
    • 312 17 Reuters [NEW ORLEANS] An X-ray of a yellow pepper, a man falling down over and over again, and a dog eating a roast chicken might not qualify as Hollywood movies, but one production company is hoping these films, made for mobile devices, will
      Reuters  -  312 words
    • 435 17 They are obsessed with computers and 14-34 years of age, says Sophos chief Reuters [SINGAPORE] Male. Obsessed with computers. Lacking a girlfriend. Aged 14 to 34. Capable of sowing chaos worldwide. That is the profile of the average computer-virus writer, an anti-virus expert
      Reuters  -  435 words
    • 673 18  -  The deal could create USs2oom in revenue over 5 years and create 500 jobs, reports tamo wemgfai TANG WENG FAI Giving a muchneeded vote of confidence to the infocomm ind us t r y here, computer systems major Sun Microsystems and the Infocomm Development Authority of Singapore
      SUN MICROSYSTEMS  -  673 words
    • 250 18 AFP [SINGAPORE] Global sales of liquid crystal display (LCD) computer monitors will top US$2O billion in 2003, surpassing traditional tube models for the first time, a technology research firm said yesterday. International Data Corp (IDC) said the emergence of
      AFP  -  250 words
    • 462 18  -  It sees increased wireless traffic, repeat orders By Amit Roy Choudhury F5 Networks, a Nasdaqlisted leading provider of applications traffic management solutions, has doubled its customer base in the Asia-Pacific region to 300 in the past nine months, and has been achieving average
      462 words
    • 109 18 Xinhua [SHANGHAI] Shanghai plans to use computer-style technologies to manage all of its waterworks by 2007, a local official said on Tuesday at a water conference here. Zhang Jiayi, director of the Shanghai Waterworks Bureau, said substantial progress had been made in this regard. With
      Xinhua  -  109 words
    • 436 18 Reuters [SAN FRANCISCO] Orders for semiconductor production and testing equipment from North American manufacturers inched up in February, but have been essentially flat for six months as the chip industry struggles to recover from its worst ever downturn, a trade group said on
      Reuters  -  436 words

  • Page 18 Advertisements
    • 46 18 To register, call Event Manager at not* (Dr/Mr/Mra/Mdm/Mns) (65) 6225 9466. Alternatively, please Osignat on complete the form below and fax it to us at (65) 6225 9422 or email us at nec_solutionsCeventusconsult.com OrpniMtton: NEC/BT PhOfK: Empowered by Innovation v m\ iupf (SrMio«- <£> M i-sprinr consulting
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  • SHIPPING TIMES
    • 269 19 Reuters THE Baltic Dry Index rose 24 points to 1887, the Baltic Capesize Index rose 25 points to 2573, the Baltic Panamax Index rose 23 points to 1812 and the Baltic Handymax Index rose 220 points to *****. TIME-CHARTER: Nightwhisper (built 1985) *****8 dwt delivery Rotterdam 25/30 Mar
      Reuters  -  269 words
    • 263 19 MX *000 Harll SS *h W CWT Distribution 0.59 unci) 0 Chuan Hup 0.40 uncfi 666 CHOffshora aw 0.01 497 Costo ln»ast mant 0.20 0.01 90 FrataM Links 0.03 unch 0 CB Holdings 0.58 unch 2 J«y« Holdings 0 29 0.02 1883 Kappal Carp 4.14 unch 3207 K1
      263 words
    • 693 19  -  Insurers may cancel coverage if Iraq invasion begins By George Joseph [SINGAPORE] Insurance brokers expect commercial shipping in the Persian Gulf to come to a standstill today as the world's leading underwriters may cancel coverage on ships and airplanes if war breaks
      AFP  -  693 words
    • 286 19  -  By Beth Jinks [SINGAPORE] Hanjin Shipping's operating profit collapsed 95 per cent in 2002 to 11.7 billion won (*****.7 million), from 253.7 billion won in 2001, the Korean containerline has revealed. The operational result came from revenues that were down 1.9 per
      FILE PHOTO  -  286 words
    • 298 19  -  Ronnie Zape insists he did not know crew of French trawler was in trouble From, Alec Almazan in Manila THE 39-year-old Filipino watch officer who was sentenced to five years by a Norwegian court last Thursday said he would appeal the decision. Ronnie Zape was
      298 words
    • 157 19 Figure is up 12% on the same month a year earlier Reuters [WELLINGTON] New Zealand's largest port operator Ports of Auckland Ltd said on Tuesday that its container volumes for February were up 12 per cent on the same month a year
      Reuters  -  157 words
    • 238 19 Reuters [HONG KONG] China's southern boom town of Shenzhen is seeking to submit a new container terminal project, with investment for phase one estimated at seven billion yuan (Ssl.s billion), to Beijing for approvals. Expediting the development of container terminals in Dachan
      Reuters  -  238 words
    • 712 20  -  MEWBUILDS By David Hughes LAST year world output grew by 1.3 per cent but global exports decreased by 1.5 per cent and world seaborne trade declined by one per cent. Those figures come from the United Nations Conference on Trade and Development's
      FILE PHOTOS  -  712 words
    • 118 20 PAGE BSA 6 B'tang Mas 6 CM A CGM 3 COSCO 3 Columbus 5 China Shpg 5 Cougar 5 CWT Globelink 6 Del mas 4 Dongnama 3 ECL 3 Foong Sun 5 Fujrtrans 4 Gemartrans 4 Goodway 2 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal
      118 words
    • 9931 24 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vnid Voyage Telephone ETA ETA Advertiser VkhI Voyage TetefOone SIN Destn Nam* Nam* Number Number SIN Destn Name Nam* Number Number 02/04 25/04 MOL A PL CANADA 1HE 45-*****404 To ABIDJAN (ABJ) 2003 Cot* D'lvotra 09/04 10/04 Hyundai mm apl Scotland me 45******44
      9,931 words
    • SHIPS IN PORT
      • 657 27 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL AMA3 02/2003 J12 A/SIDE 20/03 2359 ANGGADA 3 JB0301 J13 A/SIDE 20/03 0630 FUJYI 0301 J6 A/SIDE 20/03 1700 LABROY 158 EBL507 12 A/5IDE 20/03 1400 SEMPURNA S***** 13 A/SIDE 20/03 0300 SINGA ENERGY ***** J12 A/SIDE 20/03 0300
        657 words
      • 1798 27 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy «>q berthir>g Nmbr ARU PHAM gym gym i manm-wn **********00 ACX ULAC 050N 050N 1 *****003 1500 *****003-0300 ROHIRCMOUA 061S 061S 1 **********00 20(*****3-1130 T01 ACX SAKlHtA 01SS 01SS 1 2303OOO31SOO 2403OOO3-O3OO AKMADABR
        1,798 words
      • 140 27 Mar 21 Japan: Vernal Equinox Day lbr 25 Cyprus: Independence Day Greece: Independence Day Mar 26 Australia: Australia Day Mar 27 Australia: Aust Day Hold Mar 29 Taiwan: Youth Day Mar 31 Malta: Freedom Day AprS Hong Kong: Ching Ming Fest Apr 14 Australia: Bank Holiday Apr 18
        140 words
      • 795 27 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
        795 words
      • 420 27 Carton 180 Ha 9907 05 M.9 0.07 S5 0.03 Mar O DmR| Mat* IhMm AiHIwIMim Sadhaeot No above E25 0 0 0 0 0 0 380 Ave 984.7 07 K5 0.05 19 0JK txZ 380 Max 9914 0.9 *J 0.07 64 0.05 tt/Wl W »M/M %M/M
        420 words
    • AIR & LAND transport
      • 628 28 Some also warn staff of possible emergency wage and benefits cnts NYT [NEW YORK] The airline industry, already crippled by a weak economy, scrambled on Tuesday to prepare for the effect of a war with Iraq by suspending and
        NYT; AFP  -  628 words
      • 538 28 War in Iraq likely to worsen already falling ticket sales Bloomberg [CHICAGO] UAL Corp's United Airlines, the biggest carrier ever to file for bankruptcy protection, said it may be forced to shut down unless it can cut labour costs by
        Bloomberg  -  538 words
      • LOGBook
        • 108 28 AFP [HONG KONG] The Hong Kong government has given permission for eight international airlines operating in the territory to levy a fuel surcharge on passengers after sharp rises in oil prices ahead of a war in Iraq. The surcharge varied between the
          AFP  -  108 words
        • 57 28 Bernama [KUALA LUMPUR] The International Civil Aviation Organisation (ICAO) has established four "safe" Crisis Flight Routings for Asia, Middle East and Europe ahead of the possible war on Iraq, Malaysia Airlines said yesterday. The company confirmed that its operations to the Middle East and
          Bernama  -  57 words
        • 41 28 Xinhua [BANGKOK] Thai Airways International (THAI) will suspend flights to Kuwait and Bahrain starting today. It also adjusted its flight schedules to other Middle East countries in fear of possible US-led military action against Iraq.—Xinhua
          Xinhua  -  41 words
      • 162 28 Bloomberg [CHICAGO] DHL Airways Inc, an air cargo company partially owned by Germany's Deutsche Post AG, named Burger King Corp's John Dasburg chairman and chief executive. Mr Dasburg, 60, was president and chief executive of St Paul, Minnesotabased Northwest Airlines Corp, the fourth-largest
        Bloomberg  -  162 words
      • 456 28  -  By Beth Jinks [SINGAPORE] Cautious travellers are diverting or deferring flights to avoid Hong Kong, Vietnam and parts of China linked to the deadly outbreak of Severe Acute Respiratory Syndrome (Sars), according to dominant ticketing and reservation group Abacus International. Chief executive and
        AFP  -  456 words
      • 137 28 Bloomberg [SINGAPORE] Singapore Airlines will start weekly cargo services between Singapore and Adelaide to cater to South Australia's fresh produce exporters and its growing manufacturing industry. The airline will use a Boeing 747-400 for the service that will start on April 1,
        Bloomberg  -  137 words
      • 1827 28 on man iw hjcit n* mm? otoo soi» UMM 6*7161 *40 6*71(2 250 S025 0700 1*7305 2255 om mo am mo "m o» bb n- LH9764 1545 IM9761 2350 ***** 545 Uftftt 2350 mtn6M 5035 Oi55 ***** 0130 LK77I *50 502t 2350 ■U617 515 KU» 2130
        1,827 words
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  • Page 20 Advertisements
    • 480 20 NORTH AMERICA QULF/INDIA SUB-CONTINENT laUPEft SHUTTLE EXPRESS (SSX) |QULf KARACHI EXPRESS (QKX) "vca WT SM TK OOaWTWRLANOS 43W09 07/03 IS/0) 21/03 KO NDUOTD OtfiOAM IK 11/03 N/0) 23/0• N/03 OOCIMITAM 57W10 11/03 30/03 01/04 HAKUtA MAtU 12* 71/03 30/03 01/04 07/04 OOQKWTOM WWI2 24/03 KO NDUOTD WHI IS 21/03 30/03
      480 words
    • 631 20 #*lin«& services represented by a Members of ibe Registry of j* ■*-€>«• Accredited Shipping Agents, Singapore Assoocfton g ULY UNE MALE f Vissa VOt Itt ETA Ftt F. turn SfO«I MAll Moid Comer 737 A 23/03 25/03 03/04 Princess lity 0303 03/04 05/04 14/04 Mold Star 538 A 13/04 15/04
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  • Page 21 Advertisements
    • 912 21 TO USA (SAX SERVICE) Vissa VOT SIN ETA lAX OAK DAL HOU CM CM HUI AH NTC APL ENGLAND 1171 24/03 10/04 14/04 IS/04 15/1 15/04 15/04 15/04 11/04 11/04 ATI CANADA lIK 02/04 17/04 21/04 22/04 22/04 22/04 22/04 22/04 2S/04 25/04 API SCOTLAND 1161 00/04 24/04 20/04 2t/04
      912 words
    • 1515 21 COLOMBO 4 DAYS «eui Mams saw*: mmnbmm«ii-m sub/hoi tbj m»us;/u Mitasni/M I m ITB §gp SSS SS BANDAR ABBAS -12 DAYS JMorsoma: camnmom mhsisi tntnw I COSTMIXBMC W) SBW MB IH:I7-3SMIM NUL<7HMI7t _i INTRODUCING:APPITIOWAL SERVICE TO REP SEA EVERY TUESDAY THURSDAY WILL BE TWICE CALLINGS TO JEPPAH, SAUPIA ARABIA FIXED
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  • Page 22 Advertisements
    • 861 22 HMAFHYUNDAI MERCHANT MARINE CO., LTD. ItiHipi|i: wwwi—2l.l— J WO. WWWWMII |¥BSa VOT SOU I 1W «M ANT MB MV [»KSa VOT I SOM I jflT n« I AW I HAN I tv" TT* HTHKHWSS 341W 10/ M 11/ M M/M M/M 30/ M NTfBOAI Mil S/H Wll H/ll 14/11 15/W
      861 words
    • 504 22 V*Cl WAN HAI LINES V TEL: *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN EVERY THURSDAY COMMENCING 20 MAR 2003 TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* THURSDAY CALL COMMENCING 20 MAR 2003 For mora details, emit HOTUMEs *****988/1800-*****00 Mag mm m
      504 words
    • 589 22 w WEEKLY EXPRESS SAMJIG SCHEDULE ALSO ACCEPT)W6 TO All MORTHCTM AMD WESTERN ICO MOTS wan ww m rmm couomo b.smhb awo howahibog nw i;n it mi am %m nm usmsm voiw *mi nmt nm mm km twwoa mm 31 m nm mm ww i?m umram tw»ii vm nut um nw
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  • Page 23 Advertisements
    • 1057 23 iVtSSB. VOY KHH HKO 1 PKI I DM I Ml I PMM MK M.V. UNDAVU PCI 303 18/03 19/03 23/03 23/03 30/03 31/03 06/04 10/04 KAN KERMAN PCI 304 25/03 26/03 29/03 30/03 07/04 04/04 13/04 17/04 MAN ISFAHAN PCI 305 01/04 02/04 05/04 06/04 13/04 14/04 20/04 22/04 KAN
      1,057 words
    • 461 23 UK CONTINENT SERVICE LxMdng tar OCEAN IStAND RDM/ATW/BMN/UK/NAN Lo*d» Sngyore. E7W. Matey—. Won— MIPPUE-EAST SERVICE Loading for ATHMA DBl/ABU/DOH/BRN/DMM/KWT ASEAN GLORY AON/HOO/JOH/AQA V IPIROS HELLAS Dei/ABU/DOM/BflN/DMM/KWT •Loads Sngapore. E-/W MateyrM. tndonesa USA SERVICE Lowing tar PAPAYIANMS VCW/LAX/MZL YOU SHENG CAM/NFK/SAV/NOL *Load» E/W. Matayaa. Indcrwa F.E./S.E.A. SERVICES Spore Loadngtor LUCKY STAR
      461 words
    • 674 23 JSM m m m jsssb m m mum ma !szn m _ttum zm nm m■ -EKimm en azu r/w tumm un ZSSh_hm_ mum mm nm w 22 *u*— SB wiw nm M/M iim ii/m nm jmjama mil nm am HK IMMA 091W 24/03 17/01 msmma BUI M w/wZ jtesa wr
      674 words

  • Page 24 Advertisements
    • 197 24 L_^ K X?y A irs L E Vil ¥t U« N«—|ldp—|t—■ tmm tour Ib»h Ki—» M#— Asir C226E" 22/03 03/04 09/04 10/04 Asjr C226E" 22/03 15/04 25/04 27/04 ~2970T" Aai S22MH ***** EM Patmos Senator 946E" 02/04 15/04 25/04 27/04 29/04 Potmot Senator —946E" WSZ "***** "W55" "***** "*****" Pcrtmos
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    • 103 24 CWT GLOBELINK PTE LTD i own orncts in. TEL: *****833 (36 LINES) FAX:*****742 J SYDNtY MELBOURNE HUANG FOKT KELANG-PASI* GUDANG KUCHING BANGKOK-KARACHI BOMBAY I m. WfW DELHI-COLOMBO-HO CHI MINH CITY HAIPHONG-HANOI BREMEN-HAMBURG-TIANJIN-QINGDAO- H SHANGHAI XIAMEN FUZHOU DALIAN XIAN BEIJING SHI JIA ZHUANG I DIRECT SAILING TO: MUMBAI (BOMBAY) Delhi KOICATTA
      103 words
    • 260 24 BSA jl MYANMA BB FIVE STAR UNE (■wmt Nrtload Um) Im** far Y«fM vissa vov sm pa rm m am am haw mw sm P*GM V3O*W SU M aALATSJA: OOIISTIAD SMfPWG MACKS lUL 03-*****300 P*L 03-317M101 K* M-2* 124*7 BANK LINE wnrkt W kmkr* Wtk S%fto|) 1 NCHtTHtOUND TO EUROPE
      260 words



  • Page 27 Miscellaneous
    • 114 27 j FOR 7AM 20 Mar 2003 Wt V Issued by Meteorological Service Division.NEA LEGEND: Thunderstom Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds Rain I —One halt fleche represents 5 knots Cloudy Day I —One full fleche represents 10 knots cx Hazy
      114 words