The Business Times, 2 February 2001

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Total Pages: 47
1 48 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 028/12/2000 Internet: http://business-times.asial .com.sg/ SINGAPOR E FRIDAY. FEBRUARY 2. 2001
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  • 74 1 Dsn (-8.91) MBT-SU EJ 816.70 (+0.73) □ST INDEX FUTTJIES M73L00 (-6.00) SDKSCI FUTDSES 2SL7O (-0.40) STOCK KARKET INDICES Thursday Change KLSE OOMP dosed NKKEI 225 H.77M& 44M BANG SENG 16.I63J9 +61J4 SET INDEX -131 JAKARTA COUP _4WJ8 +417 MANILA COMP __.l,669.13 47.87 TAIPEI WPt 5,***** -1817 SEOUL COMP
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  • 75 1 FOREX RATES us$ ss US$(S$perUS$) 1.741 £(US$/S$ per 1.489 2S68 EURO(US$/S$/E) #541 1.617 DM 2.079 1.195 YEN 1165 66.80 RM J.800 1183 HKS 7.799 4.481 BAHT 4125 2457 RUHAH 9,455 5,432 PUME SATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA i. 11.00 HONGKONG 8.50 TAIPEI 7.84
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  • 427 1  -  -nexclusive Big Four banks pat in bids; KepT&tLee invited to tender but opts ont By\ Ling Su Ann [SINGAPORE] The Central Provident Fund is looking to appoint one of its five agent banks to handle the entire backroom operations for
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  • 893 1  -  Though aimed at thwarting recession, cut could also signal gravity of situation From. Andrew Marks in New York THE US central bank's 100-basis-point cut in interest rates in one month is aggressive by any standard, but it is still
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  • 72 1 Reuters [NEW YORK] Wall Street stocks steadied in late morning trade yesterday after moving lower at the opening as investors awaited a closely-watched report on US manufacturing activity. By 11am EST, the Dow had inched up 2.39 points 10,889.75. But the Nasdaq Composite Index
    Reuters  -  72 words
  • 682 1  -  From Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid's chances of staying in power appeared bleak yesterday after the country's Parliament voted overwhelmingly to accept a special commission's report that implicated him in two financial scandals. And in a surprise
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  • Page 1 Advertisements
    • 99 1 inside Top Stories Tax benefits offered by the Supplementary Retirement Scheme (SRS) are good enough, say most experts. Pg 3 Developers concur with Hong Leong Holdings chairman Kwek Leng Beng about not cutting prices. Next Page The US National Association of Purchasing Management index falls to lowest level since March
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    • 147 1 More reports ■:>- Asian central banks match Fed cut, Pg 4 Big 4 leaving prime rates unchanged, Pg 4 Can tiie 'Maestro' rescue US economy?, Pg 4 Fed statement, Pg 4 Editorial: It's cross-your-fingers time, Pg 14 Key US index signals manufacturing recession, Pg 2 MOTORING t If you have
      147 words
    • 69 1 For the latest update, go to BTs online edition at Mtptfbu9kf99*lm9BMlml&OM.9g M Mpf Heir to a proud watchmaking SINGAPORE: Orchard Road 02-36, Wisma 65/737 64 51. Dickson shops: The Promenade. Centrepoint, Suntec City Cortina shops: Lucky Raffles Paragon Sincere Watch Ngee Ann Suntec City, Singapore Changi Airport, T'2 The Hour
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    • 10 1 WwrmuitißliiHto settle offshore rupiah trades on the cards, Next Page
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  • NEXT page
    • 629 2  -  Prices now more realistic, test will come in post-Chinese New Tear launches By\ Marissa Chew [SINGAPORE] Developers yesterday agreed with Hong Leong Holdings chairman Kwek Leng Beng that they would not cut prices, but the chill in the market
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    • ON THE grapevine
      • 102 2 "I ALWAYS allude to diamonds when discussing property," said Annie Loke, the person who represents Hongkong tycoon Li Ka-shing's property interests in Singapore, in a recent interview. For those who know her, this love for diamonds comes as no surprise. Even when Mrs Loke was running
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      • 155 2 TICKET sales have kicked off for the Caltex Singapore Masters Golf tournament, which will be held at the Singapore Island Country Club from Feb 22 to 25. The tickets are priced at $10 for the Thursday and Friday rounds, and $25 for Saturday and
        155 words
      • 48 2 RED AS (Real Estate Developers' Association of Singapore) gave out "hongbaos "at its annual lunch on Wednesday, which could mean a $10 million windfall for a lucky guest. The reason? Included in each red packet was a $2 Toto ticket for yesterday's $10 million Hongbao draw.
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      • 65 2 LAST week, over the Lunar New Year holidays, The Business Times ran an online poll, which said: There was no Chinese New Year rally, and it looks like the market will continue drifting. Readers made the following choices: Yes, because of economic fears—64% No, it's not
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    • 538 2  -  Cemmittee to release 'cWse-Mt'rates as a reference gnide By] Larry Wee [SINGAPORE] Banks in Singapore are expected to recommend today a benchmark by which outstanding offshore rupiah transactions can be offset against each other, in light of the new foreign
      538 words
    • 312 2 NAPM index falls to lowest level since March 1991 Reuters Bloomberg [NEW YORK] US manufacturing activity contracted for a sixth straight month in January, signalling that one-fifth of the world's largest economy is in recession, a key industry report showed yesterday. The National
      Reuters; Bloomberg; Source: Bloomberg  -  312 words
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  • SRS plan
    • 765 3  -  Higher-income people will find it most appealing; 5% penalty a deterrent to younger ones, though By) Ling Su Ann MOST experts believe the tax benefits offered by the Supplementary Retirement Scheme (SRS) are good enough to attract people to it. "We were pleasantly
      765 words
  • Page 3 Advertisements
    • 228 3 The Westin Plaza HHHHIHHHHHHL-——— Singapore w n-H mjm J US 18-v mm I Contemporary fittings, a new minimalistlc look, extra luxurious beds. The Westin Plaza has gone through extensive renovations to ensure a whole new level of comfort and luxury for their guests. So when it came to sound systems,
      228 words

  • FED rate cut
    • 956 4 But stocks fizzle on view that latest move may not be enough to jumpstart slowing US economy ASIAN central banks swiftly responded to the US Federal Reserve's move on interest rates, cutting key rates yesterday to boost their economies hobbled by slowing exports and
      956 words
    • 796 4 Most economists believe Greenspan is taking the right steps Reuters [WASHINGTON! Federal Reserve chairman Alan Greenspan, whose godlike status on Wall Street is undiminished even amid mounting worries over the US economy's health, is facing one of the key challenges of his career as
      Reuters; REUTERS  -  796 words
    • 287 4 AFP IWASJiINIiTUINJ THE Federal Reserve's policymaking Open Market Committee (FOMQ, which on Wednesday lowered its benchmark federalfitnds rate by ha^a point to s.sper cent and the discount rate by half a point to 5 per cent, issued the following statement accompanying the committee decision: The Federal
      AFP  -  287 words
    • 595 4  -  But analysts see cots later in year with more US rate moves By I Serena Ng [SINGAPORE] The four major local banks have chosen to leave their prime lending rates unchanged despite the second interest rate cut this year by the
      595 words
    • 637 4 Financials, small-caps likely to benefit from Fed rate cat, they say Reuters [NEW YORK] With interest rates coming down as the US economy sputters, investment managers say it is time to take a longer view and buy the stocks most likely to respond
      Reuters  -  637 words

  • Page 5 Advertisements
    • 190 5 I I la- 4kL Ifl I, J JHfc ta B— M £3F 9 J33T r%& VfifiL I jKHKBifv 1 .'jMyK^nil^^3i^^H|iwfjjKjM^r i^E^BHK£^BLl^pEjjjPj^W|^ v I fin 1 /9 s >P ■Kjagj Br»jjjS,■ Waffisf 1 B •—^jubjuj^P^W** l m H jAB tI HI I 1 I Welcoming A IMew Home for Succbbs, I
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  • SINGAPORE markets
    • 623 6  -  -11 comment STOCKS r. sivanithy IT was a case of making as much hay as possible while the sun shone yesterday, with traders switching into secondliners after blue chips came under pressure as expected following the US interest rate cut. Brokers
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    • 188 6  -  WARRANT WATCH By R Sivanithy NOWHERE is the plight of the small-cap warrant better illustrated than in the case of Guthrie's instrument, which sank yesterday to just four cents despite having about two years left before expiry. Part of the problem is the
      188 words
    • 236 6  -  HOT STOCK By Ven Sreenivasan THE stock of Addvalue Technologies edged up half a cent to 32 cents yesterday in active trade. A total of 11.9 million shares changed hands, compared with a 10-day moving average of 5.6 million. Much of the activity was due
      236 words
    • 131 6 f: URAOO Holdings has changed its name to Bey onks s j Technology. With effect from Feb 5, the shares and warrants be traded xwdmr the new name. I ♦JOAN Ho Bearings company secretary/finance manager Justin Ngoo Sin Hung has resigned with effect from Jan 31. ♦TRANS VIEW
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    • 351 6  -  :j I comment CURRENCIES larry wee THE US dollar retreated yesterday as concern that the American economy could slow a lot more drastically than many have been anticipating neutralised any positive effect from the US Fed's widely-expected 50 basis point interest
      Source: Reuters  -  351 words
    • 491 6 Stocks Volume El-Nets 1c 41,217,000 ParificCenturylOc 36,259,000 MMI Hldgs 10c 24,639,000 MediaRing 10c 18,924,000 Hyflux 5c 15,131,000 Chart Semiconductor 26c 14,349,000 AddvafTech 2.5c 11,944,000 IPC020C... 11,865,000 HotunglnvNT5 10,676,000 AEM-Evertech 5c 9,482,000 Stocks > Chart Semiconductor 26c 83,478,620 DBSGip 77,863,727 UOB 60,179,720 OCBC 57.207,304 OUB *****,170 ParificCenturylOc 36,756,240 SPH 22,145,682 SIA
      491 words
  • Page 6 Advertisements
    • 554 6 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 m SOUTH INDUSTRADE PAPER PRODUCTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, a Final General Meeting of the Members of the abovenamed
      554 words
    • 354 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VOLVO BUS ASIA PACIFIC (PTE)LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at 1 Temasek Avenue #22-01 Millenia Tower Singapore
      354 words
    • 393 6 IN THE MATTER OF WILSONART SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act Cap. 50 that a Final General Meeting of the members of the abovementioned Company wiN be held at 10 Co«yer Quay. #21-01 Ocean Bmttng, Singapore *****5.
      393 words
    • 374 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GOLF LINK ASIA PTE LTD (In Creditors' Voluntary UqukMon) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 95 South Bridge Road #07-28 Pidemco Centre
      374 words

  • SINGAPORE companies
    • 609 7  -  BUI exclusive Ardmore Park to get TOP by Hay; company will be sitting on pile of cash, which will cnt ROE By I Siow Li Sen WITH completion of its billion-dol-lar Ardmore Park project looming, Marco Polo Developments is considering
      FILE PHOTO  -  609 words
    • 350 7  -  By\ Siow Li Sen IT was Keppel Capital's turn yesterday. Merger rumours sent the stock the former Keppel Tat Lee Bank surging to a three-month high. Keppel Capital, which will report its 2000 financial results on Wednesday, rose 11 cents or 4.6
      Source: Bloomberg  -  350 words
    • 705 7  -  lock siew r sivanithy IN last Saturday's Hock Lock Siew column, questions were asked about the recent ei-Nets listing. The Web page designer's initial public offering (IPO) was only one-third subscribed, it had warned losses would continue and it didn't meet the Singapore
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    • 544 7  -  The company is not too worried about market sentiment and plans to issue 125 million shares to raise $26-$3O million By, Andrea Tan ONE of Hongkong's biggest contract manufacturers has started book-building for a Singapore listing amid poor market sentiment. Surface
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    • 450 8  -  Exercise aimed at lowering cost of trading for small investor: CEO By' Ven Sreenivasan OFFICIALS from the Securities Investors Association of Singapore (SIAS) flew to Hongkong yesterday to discuss with several international online trading specialists the possibility of setting up a joint-venture
      FILE PHOTO  -  450 words
    • 403 8  -  Partners are WCUMS Univ and Sichuan Xin Tang Technology Co By] Liew Hanqing SINGAPORE-LISTED Eu Yan Sang International Limited has set up a joint venture company in Chengdu, China, to develop scientifically a new class of herbal medicine that would ensure
      FILE PHOTO  -  403 words
    • 685 8 It'll use USs3.6b cash pile in selective investments related to core business Reuters [HONGKONG] SINGAPORE Telecommunications Ltd, sometimes criticised for mostly standing-pat atop a massive pile of cash, sees growing opportunity as it looks across Asia's telecoms landscape, president and chief executive Lee Hsien
      Reuters; FILE PHOTO  -  685 words
    • 291 8  -  Byi Andrea Tan CAPITALAND last night issued another announcement to the Singapore Exchange (SGX) on its handling of an earlier profit warning. On Jan 18, the property giant warned earnings for the second half of last year are "expected to be
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    • 186 8 Reuters SHARES of OCBC Finance Ltd surged more than 20 per cent to a seven-year high yesterday after the firm said its parent OCBC Bank would take it private as a wholly owned subsidiary. The stock closed up 62 cents at $3.68, just below
      Reuters  -  186 words
    • 186 8 THE Housing and Development Board yesterday launched the sixth bond issue under its $3 billion medium-term note programme that began in February 1999. The $500 million issue of seven-year bonds, which will be listed on the Singapore Exchange, carries a fixed-rate coupon
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  • Page 7 Advertisements
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      139 words


  • SINGAPORE news
    • 515 9  -  Leading economic indicator dips for 3rd straight month w Eugene Low THE growth of Singapore's manufacturing sector appears to be losing steam, with the purchasing managers' index falling for the third consecutive month in January. Bogged down by declines in new
      Source:  -  515 words
    • 448 9  -  Bat banks, finance and insnrance firms seem fairly upbeat Byl Anna Teo BUSINESS sentiment has turned cautious, with firms in the manufacturing and commerce sectors pointing to a mixed outlook for the first half of the year. But banks, finance and insurance companies
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    • 234 9  -  By' Vince Chong BRITISH biotechnology research house KS Biomedix (KSB) said yesterday it has signed an agreement with the Bioprocessing Technology Centre (BTC) to set up a plant here. KSB is founded by Dr Kim Tan, who is also the founder
      FILE PHOTO  -  234 words
    • 240 9 HAS, ESS competition is not just for economists THOSE with original insights on the impact of the New Economy, pen an essay and you can win up to $8,000 in a competition. The Monetary Authority of Singapore (MAS) and
      240 words
    • 158 9 THE Singapore International Convention and Exhibition Centre (SICEC) looks set for another record performance this year under the guidance of its new chief executive officer Warren Buckley. Appointed last month, Mr Buckley was formerly president and CEO of BC Pavilion Corporation. He is
      158 words
    • 476 9  -  By< Chuang Peck Ming FORMAL talks on a Singa-pore-Japan free trade pact have got off to a good start, with both sides agreeing at the end of first-round negotiations yesterday they are on track to cut a deal by yearend.
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    • 298 10  -  ■=ff3on the economy money supply By\ Serena Ng SINGAPORE'S money supply continued to decline in December, and at a sharper rate than in November, with the broad aggregates M 2 and M 3 contracting year-on-year, according to the Monetary Authority of Singapore. Year-on-year
      Source: MAS  -  298 words
    • 449 10  -  US, Japan market uncertainties could trim expansion rate from 10% last year By Eugene Low THE engineering cluster of Singapore's manufacturing sector expanded by 10 per cent last year, but uncertainties in the US and Japanese markets are expected to trim
      FILE PHOTO  -  449 words
    • 235 10 THE National Science and Technology Board (NSTB) yesterday unveiled its new board headed by the former chief of the EDB, Philip Yeo. Teo Ming Kian, who is now chairman of the EDB, is the co-chairman of the NSTB board. Both Mr Yeo
      PILE PHOTOS  -  235 words
    • 216 10  -  MAIL rET? Seow Eng Ghee I REFER to your article "Govt won't relax property anti-specula-tion measures: Mah" by Marissa Chew (BT, Feb 1). I agree that the 20 per cent downpayment rule is not the only anti-speculation measure. The government should not use antispeculation as
      216 words
    • 170 10  -  Francis Tiong executive director Ming Pao Enterprise Corporation Ltd Hongkong I REFER to the commentary "A media empire next for Li Kashing?" by Lee Han Shih (BT, Jan 19). It is not our policy to respond to such speculation, but your particular report has given
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    • 92 10  -  Edward John Tailford for Permanent Secretary Ministry of the Environment I REFER to the letter "Call to come clean on fuel" by Goh Siak Joo (Wheel Matters, Jan 27). Mr Goh has alleged that the petrol sold in Singapore is not suitable for cars
      92 words
    • 83 10  -  Corinne Fong Yuet Ming I REFER to the report "SGX names two new division chiefs" (BT, Jan 31). It would be interesting to know if the Singapore Exchange has any plans to promote the many women in its ranks to key
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  • Page 9 Advertisements
    • 65 9 IxHwUe w^lppcal In Aid of the Gujarat earthquake victims in India. Rang Mahal will pledge a full day's takings, on Friday, the 2 of February 2001 to the Singapore Red Cross Society. Please show us your support. Touch their souls. Rang Mahal Level Three, The Pan Pacific Singapore k -K\.
      65 words
    • 158 9 convenience Impressive office-like facade I W v* fronting Eunos Link, in MacPherson I aIBL Paya Lebar area w} Car lorry parking loading bays E .mmE&Z at your doorstep Pi Private toilet for each unit For ancillary office/ light industrial/ 1 warehouse use 1 .»N.«woimMn« For sales enquiries: EUNOS LINK TECHNOLOGY
      158 words

  • Page 10 Advertisements
    • 123 10 Since 1975 our worldwide staff of over 275 multi-disciplined professionals I f Sgl including lawyers, chartered accountants, i K chartered secretaries and bankers have 1., j k y provided confidential and cost effective K company formation in all the maior low IP tax areas including: Incorporation Fees from USSSOO The
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    • 64 10 We welcome letters. E-mail us at btletter® sph.com.sgor faxusat *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear In mind libel laws.
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  • e-NEWS
    • 593 11 Jobs sticking to belief that the PC would remain king of the Internet Reuters [SAN FRANCISCO] Apple Computer Inc will look to its own loyal customer base to get through the current economic "meltdown", chief executive Steve Jobs said on Wednesday.
      Reuters  -  593 words
    • 316 11 WASHINGTON Reuters INTERNETand communications services company Nortel Networks acknowledged on Wednesday that Internet service providers could use its new technology to secretly track customers' online movements, but it urged companies to do so only with customers' approval. Nortel's Personal Internet technology suite, introduced
      Reuters  -  316 words
    • 533 11 LONDON Only two e-trading startnpg in oil sector eigoying measurable success Reuters THE oil industry's romance with the Internet has turned into more of a brief encounter amid talk of premature website closures, mergers and consolidation. Analysts can now only
      Reuters  -  533 words
    • 384 11 NEW YORK AOL Time Warner Inc plans to flex its promotional muscle to benefit performers in its music division, such as REM, The Corrs and others, using downloads of selected songs, excerpts from videos and other features, the company said
      384 words
    • 253 11 TOKYO It&lMwins USsBssm b&il-ont from its chairman AFP SEGA Corp stock soared yesterday after the loss-making Japanese games company won an US$B56 million (SI 1.49 billion) bail-out from its chairman and announced its retreat from the hard-fought console wars. Moody's Investors Service responded to the
      AFP  -  253 words
    • 94 11 AFP gossips British lyeeidy iSr/'ffitifft reports iw next A Switzerland-based company, Agenoe Virtuelie, has devised a program, Rumorßot, that employs 44 software agents to trawl through all the available Internet search engines for keywords. Rumorßot then locates and times each posting, drawing up
      AFP  -  94 words
    • 176 11 WASHINGTON LATWP THE Federal Trade Commission (FTC) is investigating whether some online information brokers and private investigators are violating a new federal law by obtaining personal financial information through trickery. The investigations are part of Operation Detect Pretext, a new push to enforce
      LATWP  -  176 words

  • Page 12/13 Advertisements
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      492 words

  • EDITORIAL & opinion
    • 827 14  -  dqj&bbh OPINION anthony rowley The writer is BT's Tokyo correspondent JAPAN has long sat rather uneasily between Eastern and Western cultures, reflecting in part the complex nature of its society and also the heavy postwar imprint of American influence upon the country. Current attempts to
      827 words
    • 73 14 'Whatever system prevails, it's bound to be flawed. As a market participant, my goal is to maximise profits.' livUl WOTud on the needfor a mechanism to level the 'uneven playing field' capitalism creates, but why he had to be a ruthless speculator. 'Davos represents the developed, more
      73 words
    • 614 14 EDITORIAL THE US Federal Reserve lops half a percentage point off the key Fed Funds rate for the second time in a month and the markets barely twitch —and some of them even go down, including the bellwether Nasdaq, by 2.3 per cent Is this perverse or
      614 words
    • 1090 14  -  Disagreement farm support programmes and other !«»!<*« are delaying China's membership From. D Ravi Kanth in Geneva CHINA'S membership of the World Trade Organization (WTO) has once again been put on hold. The outgoing Clinton administration had summoned the latest meeting in its
      AFP  -  1,090 words
    • 859 14  -  COMMENTARY It's not too fanciful to compare the US famtna with the recession that hit Japan in the 1990s By I Stephen Roach The writer is chief economist at Morgan Stanley Dean Witter FT IS America the next Japan? Of course not, comes the
      FT  -  859 words

  • REGIONAL news
    • 753 15 KUALA LUMPUR KLCI could reach 1,100 pts but factors hindering rise most be removed AFX-Asia MALAYSIA must seriously address the issue of corporate governance and accountability in order to attract the return of foreign portfolio interest, foreign and local fund managers said.
      AFX-Asia  -  753 words
    • 248 15 PUTRAJAYA AP MALAYSIAN Prime Minister Mahathir Mohamad declared Malaysia's new administrative capital a federal territory yesterday and dismissed criticism that the huge development was an extravagant waste of funds. A colourful ceremony marked the handover of the Putrajaya township on Kuala Lumpur's southern
      AP; REUTERS  -  248 words
    • 345 15  -  From Harish Mehta in Hanoi THE Vietnamese government is setting up a stock market in Hanoi, the first trading centre in this bastion of Communism that is due to open by the middle of the year as the national
      345 words
    • 446 15 KUALA LUMPUR But analysts see the soon-to-be-listed firm's forecasts as being too rosy Reuters MALAYSIA'S Time dot Com chief Halim Saad stood by the soon-to-be-listed telecoms firm's profit projections yesterday despite analysts' suggestions they were too rosy. In an interview with the Star newspaper,
      Reuters  -  446 words
    • 229 15 PUTRAJAYA Bernama MALAYSIAN Prime Minister Mahathir Mohamad yesterday slammed Asiaweek news magazine for what he tamed as deliberately publishing a picture of him in its Jan as issue with an attempt to portray him as a foolish and tired-looking person. "To find a picture
      Bernama  -  229 words
    • 216 15 JAKARTA Moody's dtes falling product prices for possible downgrade Bloomberg ASIA Pulp Paper Co. Asia's biggest pulp and paper producer, had Its debt ratings placed on review for a possible downgrade by Moody's Investors Service, which said its revenue wouldn't meet payment obligations. Moody's is
      Bloomberg  -  216 words
    • 617 16  -  Arroyo govt wants to regain control of the centnry-old conglomerate From i Al Labita in Manila LOW-KEY tycoon Eduardo Cojuangco, one of deposed president Joseph Estrada's cronies, is likely to be given his marching orders as chairman of listed food and beverage giant San
      AFP  -  617 words
    • 455 16 MANILA 25b peso loan given by Estrada govt to the ailing bank Reuters THE new administration of President Gloria Macapagal Arroyo will review the 25 billion pesos (*****.3 million) emergency loan given by the previous government to fi-nancially-ailing Philippine National Bank. "We
      Reuters  -  455 words
    • 291 16 BANGKOK Bloomberg THAILAND'S government said it scrapped plans to merge Siam City Bank and Bangkok Metropolitan Bank after employees of the seventh- and eight- largest Thai lenders protested the proposal on concerns it would lead to job losses. The government
      Bloomberg  -  291 words
    • 208 16 TAIPEI Bloomberg ACER Inc, Taiwan's thirdlargest computer maker, plans to sign up 1,000 stores in China this year as local distributors move to expand in one of the world's fastestgrowing markets. China has the second-larg-est market in Asia and is one
      Bloomberg  -  208 words
    • 157 16 Reuters [BANGKOK] Official results from Thailand's general election yesterday showed charismatic telecoms tycoon Thaksin Shinawatra took almost twice as many seats as his rivals but fell short of an overall majority. The Election Commission said Mr Thaksin's populist Thai Rak Thai (Thais
      Reuters  -  157 words
    • 778 17 Growth conld slow even farther, say analysts Reuters INDIA'S flagging economy faces a rocky ride after last week's devastating earthquake raised the spectre of new taxes for reconstruction and dashed hopes of incentives in next month's budget, analysts said. Even before
      Reuters; AFP  -  778 words
    • 230 17 Bloomberg [BEIJING] China's Finance Ministry denied it has adopted a new rule requiring companies going public to contribute part of their share sale proceeds to an employee pension plan, adding to a controversy surrounding Travelsky Technology's US$l47 million
      Bloomberg  -  230 words
    • 305 17 TAIPEI China Devt Industrial to become financial holding firm Reuters THE chairman of Taiwan's leading investment bank, China Development Industrial Bank, said yesterday the bank aimed to become a financial holding company, with assets growing more than 300 per cent. Liu Tai-ying said the bank's
      Reuters  -  305 words
    • 379 17 BOMBAY Group trying to create more value, aiming for good price Reuters RELIANCE Industries, India's secondlargest publicly listed company, aims to sell a portion of its 64 per cent stake in the country's largest private sector firm, Reliance Petroleum, a
      Reuters  -  379 words
    • 449 17 ISLAMABAD Interest rate cut hinges on confidence picking np Bloomberg PAKISTAN pledged to move towards a flexible exchange rate, improve tax collection and speed up sales of stateowned companies to revive its economy, the International Monetary Fund said. And the central bank can cut
      Bloomberg  -  449 words
    • 425 17 BOMBAY Reuters TATA Engineering and Locomotive Company (Telco), India's largest truck maker, on Wednesday reported a worse-than-expected net loss of 1.21 billion rupees (5545.6 million) for the OctoberDecember quarter due to a sharp drop in sales. Sales fell 25 per cent to 17.62 billion
      Reuters  -  425 words
  • Page 15 Advertisements
    • 1439 15 I A CENTREPOINT PROPERTIES LTD (Incorporated in the Republic of Singapore) DATE Monday 19 February 2001 PLACE Level 2. ft*nt 438 Alexandra Road. Singapore *****8 NOTICE IS HEREBY GIVEN that the Annual General Meeting of CENTREPOtfMT PROPERTIES LTD wil be held at Level 2. Alexandra Point. 438 Alexandra Road. Singapore
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  • Page 16 Advertisements
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  • WORLD news
    • 440 18 FRANKFURT Pre-tax profit tumbles 20% in fourth quarter Reuters DEUTSCHE Bank AG yesterday pledged to garner 1.5 billion euros (552.4 billion) a year in a restructuring drive in the wake of a bigger-than-expected 20 per cent fall in its fourth-quarter pre-tax
      Reuters  -  440 words
    • 58 18 [TOKYO] Tadamitsu Ryu, president of Japan's Robotics machinery venture CAI, controls a dinosaur-shaped robot named Alosaurs with voice commands at a Tokyo hotel yesterday. The dinosaur is six metre in length and three metre in height. The Alosaurs is equipped with the new voice recognition system Voice
      AFP  -  58 words
    • 453 18 WASHINGTON Excluding utilities and services, spending for durable goods fell in Dec for a third straight month Bloomberg US PERSONAL spending increased in December, driven by higher utility costs, and federal payments to farmers helped drive incomes higher, government figures
      Bloomberg  -  453 words
    • 295 18 GOTHENBURG Bloomberg VOLVO AB, the world's second-largest maker of heavy trucks, said fourth-quarter operating profit fell 21 per cent because of lower sales of trucks and construction equipment in North America. Operating profit feU to 1.69 billion kronor (Ss3ll million) from
      Bloomberg  -  295 words
    • 283 18 FRANKFURT AP AFP Reuters THE European Central Bank kept its main interest rate unchanged yesterday, as cautious optimism for economic stability outweighed concerns that a US slowdown could spread across the Atlantic. Despite the Federal Reserve's move on Wednesday to reduce US rates
      AP; AFP; Reuters  -  283 words
    • 456 18 LONDON Reuters FATHERS working in London's financial centre 'the City work on average 53 hours each week. Most draw the line there because if not they would see their children only at weekends "In this macho world of Investment
      Reuters  -  456 words
    • 547 19 TOKYO S&P warns of record defaults and rating downgrades if they don't shape np fast AFP DEBT-RIDDEN Japanese companies must shape up rapidly instead of relying on a distant economic recovery if they hope to ever compete, Standard and Poor's
      AFP  -  547 words
    • 293 19 WASHINGTON They ire disloyal, lack commitment, he says; they blame him for poor morale FT JAMES Wolfensohn. the World Bank president, has criticised bank employees for disloyalty and lacking commitment, which has in turn led to his being blamed for creating a climate of fear
      FT; AFP FILE PHOTO  -  293 words
    • 697 19  -  Dual circulation of euro and national cash will confuse and confound, commissioner warns Froml Shada Islam in Brussels HAVING spent the last year fretting over the euro's declining fortunes, European Union monetary officials now face an even more difficult task: preparing the
      697 words
    • 373 19 WASHINGTON Plans undermine reform, may spark trade row, Seoul told FT THE US has told the Seoul government that its plans for bailing out Hyundai and other debt-laden conglomerates could undermine South Korea's economic reform and trigger a trade dispute with the US.
      FT  -  373 words
    • 324 19 NEW YORK Bloomberg AMERICAN Express Financial Advisors, the largest US financial planning firm, is freezing the salaries of its top 12 managers and paring raises for the rest of its 13,000 salaried workers after fourth quarter results lagged the profit growth of
      Bloomberg  -  324 words
    • 205 19 LONDON Bloomberg EUROPEAN companies face further credit downgrades in the year ahead amid mounting debt burdens, shrinking profit margins, increased competition and slower economic growth, Moody's Investors Service said. "Most of the deterioration is expected in the corporate sector, including industrial and utility firms,
      Bloomberg  -  205 words
    • 206 19 AMSTERDAM Reuters KLM Royal Dutch Airlines said yesterday fUll-year operating profits would be "considerably beyond" previous expectations after a strong third quarter. The Dutch flag carrier posted net profit of four million euros (556.5 million) for the three months ended Dec 31, 2000 from
      Reuters  -  206 words
    • 349 19 BRIDGEPORT He's accused of stealing USs2oom from insurance firms Reuters MARTIN Frankel, a rogue financier accused of orchestrating massive insurance fraud, could be extradited as early as March from Germany to face trial in the United States, a federal prosecutor
      Reuters; FILE PHOTO  -  349 words
  • Page 18 Advertisements
    • 1325 18 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 M THE MATTER OF THE COMPARES ACT CAP 90 AND M THE MATTER OF *****0URCE BHFPMG (WGAPORE) PTE LTP NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WMOMG-UP (pursuant to Section 290) At the extraordinary general meeting of the
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    • 8 18 r~> 9 m jg. 4^ i,On©nnH oil. JSL
      8 words


  • FINANCE & commodities
    • 318 20  -  SGX Derivatives Tfradlng/feport ST lnde*/HISCl STpore Index Lau Chee Keong THE Singapore stock market closed marginally lower on profit-taking yesterday after the anticipated move by the US Federal Reserve to reduce short-term rates by 0.5 per cent in an effort to revive the slowing economy. At
      318 words
    • 237 20  -  MS& Taiwan Index Lau Chee Keong AFTER rising for two consecutive days, the Taiwan stock market finally succumbed to profit-taking yesterday after the much anticipated 50 basis points rate cut by the US Federal Reserve on Wednesday. At the close, the MSCI Taiwan index edged lower
      237 words
    • 168 20 ENERGY REPORT Reuters [LONDON] Oil prices continued to lose ground yesterday as traders fretted over a surprise surge in US gasoline stocks and the possibility that an economic slowdown was beginning to eat into demand for petroleum. At 1000 GMT, North Sea benchmark
      Reuters  -  168 words
    • 338 20 Reuters London THE US dollar fell to oneweek lows against the euro and three-week lows against the yen yesterday as the spotlight returned squarely on the US economic slowdown a day after the Federal Reserve's widely anticipated rate cut. The euro was the primary beneficiary of the US
      Reuters  -  338 words
    • Article, Illustration
      1214 20 MTERBAMK CROSS RATES Febj_ AS CS N* E«n> Ffr DwMKSHKis IW Yen Wen Ml *2$ P«k H Peso S$ MK Sfr HT$ Baht HI USS Australia 0.825 4.569 0.565 3.839 1.145 4.294 ***** 52.055 0.640 6.918 2.092 L23T 32.654 27.054 0.958 4272 0.898 17.816 ***** 0275 0.551 Canada 1212 5.538
      1,214 words
    • 1899 20 SICOM FUTURES Febl RUBBER (futures closing as at 5.30pm) RSS1 CONTRACT(Scants/kg) Clost Volume OpM Month High jfw Sett (tonnes) Interest Mar 01 107.25 1950 Apr 01 110.50 400 May 01 113.00 400 Jun 01 H4.50 400 RSS 3 CONTRACT (US cants/kg) VotaM OpM Month High Low Sett (tonnes) Interest Mar
      1,899 words

  • STOCKS east asia
    • 2672 21 HONGKONG AFP QHangSeng +6L64 HONGKONG share prices closed 0.4 per cent higher yesterday, led by rotational buying in utility stocks following a widely expected half a percentage point US interest rate cut, dealers said. The key Hang Seng Index gained
      AFP  -  2,672 words
    • 371 21 AFP gyp Infer -3837 TAIWAN share prices edged down 0.6 per cent yesterday after a half percentage point rate cut by the US Federal Reserve failed to boost the techheavy Nasdaq, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 38.27 points to 5,897.93 points. Risers outnumbered decliners
      AFP  -  371 words
    • 2038 21 TOKYO AFP Plata 225 MM SHARE prices in Tokyo declined 0.5 per cent yesterday as investors shrugged off a US interest rate cut and waited nervously for stock-support proposals to emerge from Japan's ruling party. The Tokyo Stock Exchange's Nikkei--225 index fell 64.00 points
      AFP  -  2,038 words
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    • 249 22 I i ■jj^i a /dfl i B^K^wA p| A pi:': 1 U lut Wz I I IBESZ H9 [^Hn^n Mini HJ3sB[ n H MWg 1 te X is .X *?wmJ§ -v l 111 j i Hj la =r-S-r ft |B I Cangrwtoutmtkmm tn DNV Rmtrnlmum Smrvicmm I lon thm official
      249 words

  • SGX clob & regional stocks
    • 2427 23 BOHDS A WARRANTS Mt Wt Ms M £*ky IHW Urt M taT 11 mil III ft* fmt dm Um Mk Mi lew hk «ar- r*MI N# I— «f i* M» t—HBrtle hl» (%> —rfttf U* 47 1 s Aetna W*****4 1 unch 25 1 1 I 2 1 4, 0
      2,427 words
    • Article, Illustration
      730 23 AFP PI SET Index -231 THAI stocks closed down 0.7 per cent yesterday as the market flailed to react positively to the US interest rate cut, dealers said. The Stock Exchange of Thailand (SET) Composite Index closed down 2.31 points at 330.46 while the SET 50 dropped 0.21 points
      AFP  -  730 words
    • 284 23 AFP -17.87 PHILIPPINE share prices closed 1.1 per cent lower yesterday with the Philippine Stock Exchange Composite Index down 17.87 points to 1,669.13. Volume fell to 1.03 billion shares worth 577.9 million pesos from 1.37 billion shares worth 1.03 billion pesos on Wednesday. —AFP Fa* I Pw COOP) Abacus
      AFP  -  284 words
    • Article, Illustration
      695 23 AFP flftmpoatflMg *4J7 INDONESIAN share prices closed 12 per cent higher yesterday led by foreign buying of blue chips, dealers said. The Jakarta Stock Exchange Composite Index closed up 4.97 points at 490.58 on a volume of 792.6 million shares valued at 606.91 billion rupiah. Declines led advances 62
      AFP  -  695 words
    • 254 23 AFP HFBSE-40 *1M NEW Zealand shares rose 0.4 per cent yesterday following the half percentage point cut in US interest rates, dealers said. The NZSE-40 Capital Index closed up 7.02 points at 2,014.97 points on total turnover of NZ$BB million. AFP Nfti rtm Advantage HDS 124 -0.01 103 Air
      AFP  -  254 words
    • 511 23 AFP HAHOrfaanw *20M AUSTRALIAN shares closed 0.6 per cent higher yesterday, despite a neutral local reaction to the half percentage point interest rate cut in the United States, brokers said. The All Ordinaries index rose 20.6 points to close at 3,312.1, while the SP/ASX 200 index gained 22.6 points
      AFP  -  511 words
    • 303 23 AFP Q Composite Index -5.61 SOUTH Korean shares fell 0.9 per cent yesterday with the index down 5.61 at 612.30. Volume was 392.4 million worth 2.2 trillion won. —AFP mi VAnonScmt 4900 -WO Brain Tach 690 30 Cantral Bank 170 unch Dm Cu Bank 1670 35 Daasang Corp 1355
      AFP  -  303 words
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  • Page 24 Advertisements
    • 55 24 fySUTL ORACLE" microsystems 11 1 1 We're the dot in .com" Sun Microsystems Pte Ltd 1 Magazine Road, #07-01/13, Central Mall, Singapore *****7 Tel: (65) *****88 Fax: (65) 438 7646 Website: httpV/www.sun.com.sg Oracle Corporation Singapore Pte Ltd 1 Temasek Avenue, #26-01, Millenta Tower, Singapore *****2 Tel: (65) 339 6116 Fax:
      55 words

  • 7416 25 SGX MAIfclfllftAHn Transaction date: Feb 1 Of Or M wt 52-Wk Last Vol Day Last Quote Otv Dh YM NK Cm kt% MNH Law Cbwmhv i* fOOO) HH> L— B»yf Wto Or P/l laii Hte» MULTHNDUSTVY 158 64 m c Acme 50c 65 -1 175 67 65 643
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  • FOCUS technology
    • 1030 26 High-powered minds from academia, government and the private sector are working together to create bulletproof computer systems AP [SAN JOSE, California] IT is common to all computers, regardless of make, operating system or age. It lurks everywhere from the humble home PC to spacecraft that
      AP; FILE PHOTO  -  1,030 words
  • Page 26 Advertisements
    • 224 26 THESE FUNDS.WILL SHAPE YOUR FUTURE. I (AND NOT JUST BECAUSE OF THE RETURNS.) m t* ".v --k V •J X 0 v. v i s r* J^||lk* 4'■ v. .j L k- > W v \#^o/ 0 7 Healthcare Technology, Telecomnuimcations. How do you see tne. hi fine.'' One vVUe'e
      224 words

  • EXECUTIVE Lifestyle
    • 2013 27  -  COVER STORY And they are growing, such as the increasingly common RSI. paryathi kayak finds out what they are and how the workplace can be made safer PARVATHI NAYAR SHE sits motionless in her tiny corner of the air-conditioned, open-plan office, peering at the hypnotic green
      CHRIS LOH; Source: Or Yap  -  2,013 words
    • GOLF
      • 623 28  -  Excess supply, flagging demand dampen market with 'heavyweights' worst hit, reports vemsseemivasam VEN SREENIVASAN IF you have been eyeing that golf club membership and missed out on a "fire sale" during the dog days of the regional financial crisis, you may just be about to
        623 words
    • ENTERTAINMENT
      • 573 30  -  CINEMA It makes up for Proof Of Life's clnmsy dialogue and lazy shortcuts By\ Parvathi Nayar K&R, or kidnap and ransom, is a dirty business about finding a number that equals the price of a human life. We're not talking here about kidnap as
        573 words
      • 631 30  - Reading zen into the art of playing golf CINEMA The philosophical musings in The Legend of Bagger Vance soon become too much to swallow Byl Geoffrey Eu IF philosophy were a sport to be played over 18 holes, The Legend of Bagger Vance would be a world-class contender, loaded as
        631 words
    • NEW AISA BIZ WOMAN
      • 975 31  -  Chong Yoke Sin of NCS is one such person, having switched from chemistry to IT. To her, the IT industry offers a level playing field, reports gheahui-hoom CHEAH UI-HOON THE career possibilities for women in information technology (IT) are shining ever brighter as people skills such as
        CHRIS LOH  -  975 words
      • 943 31 ADVERTISING Specialty retailer Lane Bryant has taken the bold step of showing men interested in women who are not the typical wait-like fashion models NYT WOMEN don't have to be a size 6 or smaller for rich, powerful, handsome single men to find them
        NYT; REUTERS  -  943 words
    • EPICURE
      • 703 32  -  Not only does the restaurant's appearance not live up to its name, its Italian-Continental menu also includes significant presence of Oriental, Cajun and Thai influences, says corxmme keek CORINNE KERK SKYLIGHT Garden Cafe Restaurant is a bit of a misnomer. First of all, the new restaurant at No
        ARTHUR LEE  -  703 words
      • 1193 32  -  WINE By: Rod Smith LAT-WP FEW California winemakers can claim 25 years in one cellar. What makes Beringer Vineyards winemaster Ed Sbragia's career even more remarkable is that it has produced a benchmark wine. Beringer Private Reserve Cabernet Sauvignon is among California's viticultural treasures. Deliciously
        LAT-WP  -  1,193 words
    • Article, Illustration
      806 33 The Accidental Spy. Orphaned salesman Jackie Chan goes to Korea and Turkey on a treasure hunt, and finds himself targeted by spies and mercenaries. Beach Rd, Lido, Bales tier, Century, Choa Chu Kang, Jurong, Yangtze, Eastshore, Suntec, West Mall, Jubilee, Empress, Sun, Toa Payoh, Yishun, Bishan, Tiong Bahru, Boon
      806 words
    • 113 33 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Pidurehouse 338-3400 Yangtze 223-7529 EngWah Empress 777-5867 Jublim 454-164$' Mandarin 292-9401 Manm 338-9719 Wfiitesands 585-1782 Ooldan VHIaga 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon lay Marina Tampines8 TiongBahru Yhhun Ctemerti/CoVealth 777-0689 Gotten/New Town 296-5466 tfCromn 459-9675 Princess
      113 words
    • TRAVEL
      • 818 34  -  stlvia tan is charmed by the Italian city, from the music that fills the air to the serendipity that seems very much a part of everyday living there SYLVIA TAN 1 WATCHED the 15th century pass by, as if in a dream, sitting on the canal bus—a
        PHOTOS BY SYLVIA TAN  -  818 words
      • Article, Illustration
        430 34 The 21st century Intrudes wtth 21st century prices NO cars are allowed into the city. So I needed a porter to help carry my bags between the hotel and the multi-storey carpark, sited just outside the city, where I had parked my rental car. There are water buses
        430 words
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    • 119 28 w I For just 59, I tjoo off ■^m Yes, at Bintan Lagoon Resort, you'll iM get to tee off for just Sslls nett, M I ar, d your golfing partner, Sss9 nett, _jM I from now till 15 March. So for one whole day, you'll get to play your
      119 words

  • Page 29 Advertisements
    • 93 29 .J|~> 1 rV o v *x J f I +SJ X LO^ LV-- V Gap,." 1 t i //<v^ f > k, BVLGARI "v*;;r iT-I t fir A o x o in n n i a Co 1 c c t i o ii ■a Singapore Hilton Motel I a
      93 words

  • Page 30 Advertisements
    • 215 30 Where to wine, dine and entertain..."^(S>fi£E&sr Whgfs going to oe rot? Famous I Traditional Raw Fish I s,l,a I Spring Court The Chinese ReMurarttin Singapore since 1929 jm 488, Upp East Coo»t Road Tth *****90/*****36 "PQ MTTN t 7 Wine and Dine to a Prosperous Year Treat your friends and
      215 words
    • 5 30 See listings on EL 7
      5 words
    • 142 30 True connoisseurs of prawns know the best way to eat them Is to have them really fresh. Hua Yuen Chinese Restaurant will bring In the prawns live to serve you the freshest catch In town I EJght detectable preparations Include Drunken Prawns wtth Chinese Herbs; Med Prawns wtth Sweet Spicy
      142 words
    • 48 30 Opens on Feb 8 *aturn iUW. l £iHK io i i The Neptune Pretenta Beijing Open performance by member* of the Pet Yan Ling Opera Arts Centre, Hebei 4,10,11,17,24,25 February 2001 Tel: 224 3203/831 6288 'fefflfl 11) Orchard Road, Slngaport 218M7, TttlTT M: 7)7 4411 Pax" fli 2MI
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  • Page 31 Advertisements
    • 50 31 4mr*. Go* ■rpMMcUi C«t rtcogn Kco«3aM tap Nw Mntf u K** todrtr TW 2» ■N a kltM 'Of $45 »»t Mlfvcta Gil UMOM 9t TttMl. UMOM rot s> Hit it right with The Straits Times dynamic ranged of leisure and academic programmes. yfc cm Buy it S«l h. Find It
      50 words
  • Page 31 Miscellaneous
    • 224 31 CRYPTIC CROSSWORD 15 Enlarge bore and make necessary adjustment (7) |H HS 16 Hash can--29 Assume a spa town to be without aspiration (8) f rom a tunneller (8) place (6) 30 Communicated on retreat 3 a poet getting upset over the 27 Release without any charge soldiers backed head's
      224 words

  • Page 32 Advertisements
    • 100 32 t j^HEp ?.p v |li* 11 "Tom Hanks is amazing. One of the year's best." tvl Lou Limenick, NYPost.com BHg "Hanks has undergone torturous role preparation...with such *|k effective results. His performance is phenomenal...." £F^ Jamey Hughton, Movie Views-TNP Sunday HHR| a ~Ji k v,^V«i^k^S DREAM!ORB PKTURES and TWENTIETH CENTURY
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  • Page 33 Miscellaneous
    • 2146 33 TODAY'S TV ii i r Rpt. pfjfiflMMWiinpn TIBWIMO 3JO Headlines/Spore Mkt 9.00 AM Kids Central: Sesa- Rpt. t, x me Street. 134 Search World's Best. TrnilhlpH saves yuppie Peter 10.00 Steven Spielberg Pres- 4.00 CNAsia Today. 11UUU1CU Gallagher, on whom She 10J0 1116 Bram 440 Headlines/Spore Upwaters has a secret
      2,146 words


  • SHIPPING TIMES
    • 271 35 Reuters THE Baltic Dry Index (BDI) shed 10 points to 1,504, the Baltic Panamax Index (BPI) eased six points to 1,633, the Baltic Handymax Index (BHI) firmed four points to 8,849 and the Baltic Capesize Index (BCI) fell 24 points to 1396. TDfE-CHABTER: ♦Cape Good Hope (built 1961)
      Reuters  -  271 words
    • 268 35 CWT Distribution 0J0 0.03 11 ■CXHM 0.36 -OJOI 1299 Cosco investment—0.15 unch 0 Freight CMS 0.10 unch 2S7 GBHtMm unch 0 IMC Hoidlngs-HK—5.60 WKh 0 JeyaHoldbigs 0.15 uncb 183 KeppelCorp 3J4 a» 2260 KeppeiFELS LOS a03 536 Keppel Marine PIT unch 5563 KaapMTeiP 133 0i02 222 ubrayMarftw OJO
      268 words
    • 439 35  -  Republic handled record 910 J8 million gross tons last year By] Donald Urquhart [SINGAPORE] The Port of Singapore looks set to retain its title as the world's busiest port in terms of shipping tonnage which it has held for 15 consecutive years—after a
      FILE PHOTO  -  439 words
    • 735 35  -  ADMIRALTY CASEBOOK By\ Selva Kumar THE owner of a vessel that was time chartered and later voyage sub-chartered has been found liable to pay damages for wrongfully detaining its vessel and interfering with the cargo. Both the Singapore High Court and
      735 words
    • 194 35 Qnake-stricken port can resume half of operations in about a week Reuters [KANDLA] India's earth-quake-damaged Kandla port should be able to resume about half of its operations in about a week, but it could take up to a year to
      Reuters  -  194 words
    • 143 35 AP [HANOI] One sailor was killed and two others were injured when a container ship hit another vessel near the port of Haiphong in northern Vietnam, an official said yesterday. The Panama-registered Mekong Explorer, which was carrying 3,000 tons of cargo on its
      AP  -  143 words
    • MARITIME research
      • 594 36  -  Australia's Curtin University is planning research which has potential to revolutionise commercial activities in areas ranging from new ship design to sea floor surveys, reports evelykduztt EVELYN DUFFY A WORLD class research and development centre to sharpen the competitive edge of Australia's high export earning
        FILE PHOTO  -  594 words
    • 283 36 PACE AtoflkM 12 AffensNp 5 AstaOCL II Assets 5 Austral Avail 12 ft*tanf Mas 6 ISA 7 in 12 Maps* 5 Bangladesh II BataaMo II COM 7 CMACSM 3 COSCO 3 COCOS 5 CSAV 3 Central Ex 6 Chahaya 12 Chora* 5 China Shpg 5 Confer 12
      283 words
    • 17594 42 THEBUSINESSTIMES THEBUSINESSTIMES Page 8 EXPORT FRIDAY, FEBRUARY 2, 200 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 10/02 12/03 MOL SAGITARIUS CHALLEN 6810A 65 *****86 14/02 22/03 ZIM/Seth Z1M DALIAN 13W 65-*****12 15/02 23/03 Setramar VILLE DE MARS
      17,594 words
    • SHIPS IN PORT
      • 641 47 Vessel Voy Wo Berth Arrival Departure J»I1 M Axonandriane 1 Jit 01/02/7:55 02/02/94)0 Spc II 24 J12 01/02/7:25 01/02/1*00 Winstar 1 012S01 J03 01/02/735 0l/02/2t00 Kim Heng 63 M1034 J03 01/02/94)5 01/02/16.00 Ef 23 19 J02 01/02/935 01/02/17JO Bt Mm Gt6 S7 ***** J01 01/02/1070 01/02/204)0 Langmas 3
        641 words
      • 1647 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookkw/BaUotco Rstls SMp VoyNo Etb/Btr Portod Frew To Fm AM OHM) C123W 3/*00 ***** 31/M9 30NO a 31/1700 ovotn wowc a 3V700 01/06W 31/WPOC 3 W0T00 ***** 01/W0C 4 00m O04n 01/1708 www 2/ztoo i nm jvhm jymo V a
        1,647 words
      • 184 47 MB Mexico: Anniversary of the Constitution. Ml New Zealand: Waitangi Day. Faklt United States: Presidents Day. Fab 11 Japan: National Foundation Day. Feb 23 Brinei: National Day. Marl South Korea: Independence Movement Day. Hart Brunei- Hari Raya Haji. Indonesia: Idul Adha A.H. Malaysia: Hari Raya Haji. Singapore: Hari
        184 words
      • 747 47 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        747 words
      • 526 47 Carte# 180 Max 9875 OJ 6.9 0.06 65 0.03 J* 25 Density Water Residue Ash Aluminium Sediment No above E2S 0 0 1 0 0 0 575S" 380 Ave 985.9 OJ 132 0.06 27 0.01 Cjum 380 Max 993.0 0.7 16.1 0.09 54 0.04 M/>T3 »M/M
        526 words
    • AIR & LAND transport
      • 446 48 Bnt margins in Asia are expected to remain highest in the world: Salomon Smith Barney AFP [SINGAPORE] Global brokerage house Salomon Smith Barney has slashed its profit forecasts for Asian airlines as much as 17 per cent over the next
        AFP; FILE PHOTO  -  446 words
      • 310 48  -  All passengers had disembarked when incident occurred at Sydney airpert From Surinder Singh in Sydney A SINGAPORE Airlines Boeing 747-400 had one of its doors ripped off when a passenger walkway attached to the jet collapsed yesterday morning. No one was hurt
        310 words
      • 213 48 AP [NEW YORK] Coming on the heels of a report that it recently held strategic discussions with Delta Air Lines Inc, Continental Airlines said that it "has had, and anticipates it will continue to have, discussions with third parties to discuss strategic alternatives". The
        AP  -  213 words
      • 353 48 AFP [SEOUL] Relatives of the victims of the 1987 mid-air explosion of a Korean Airlines (KAL) jet asked prosecutors yesterday to arrest North Korea's leader Kim Jong-Il for the terrorist act. The Association of Bereaved Families of Victims of KAL Flight 858
        AFP; AP  -  353 words
      • 426 48 Reuters [LONDON] Boeing Co can take cost out of its civil-air-craft business by focusing on efficiencies away from the factory floor, chief executive Phil Condit said on Wednesday. The world's largest airliner maker might soon know whether it will launch a new family
        Reuters  -  426 words
      • 382 48 Bloomberg [LONDON] British Airways pk said it is talking to Boeing Co about how quickly the planemaker can modify its 777 aircraft following about 900 complaints from cabin crew about dizziness and fainting The higher temperature in the cabin, less movement
        Bloomberg  -  382 words
      • 1447 48 an turn ai iuw o> "ES 22 »5 S «ST5 ius «"W MS 1 SUM mo MfcBj MO J™ 2 IMNMI M421 HOC M422 COO SOW MM 1300 W429 20<5 BOO 2T6 Ivyriw K957 0550 IC95C 0700 IMMA M BSC TW02 MB TWU MB MZB OHO
        1,447 words
  • Page 35 Advertisements
    • 149 35 I Australia's Cnrtln University planning maritime ressarrit rrOill forecasts TOf ASlall airlines Cn 800 10 lIS <ilnmitniMH wo aiunuunii oBCKrg j l;*i EBttg COMMAND THE SEAS it's a buoyant market (or work boats as j well as small ships of all kinds and all signs point towards a significant increase
      149 words

  • Page 36 Advertisements
    • 1143 36 |H nSml Swu mBB afio PBS SBiiwm Mwaa ooanrm ntos nm I n/oi nm nm vm 11/01 n/« mm M iim n/n ii/m h/m ij/m h/m 17/ M h/m nm ooaumi 4KM vm I n/n n/n n/n n/n n/n n/n n/n MM nommmnhm nm nm ii/m h/m h/m u/u u/n
      1,143 words
    • 746 36 Lines services repreeenled by Members of tfw Registry of Accredited Shipping Agents, >Bw<y Singapore Shipping Assoc iahon #t* 1 J iL. /v\emo©rs or mt Singapore Logistics Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUUC PROJECT CARGO TO DAMPIER/FREMANTLE MV"TBN" ETA SIN 06/02/2001 BOOKINGS CALL MOMCA/JUU TEL 323 4374 CONUUNBtS/ I
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  • Page 37 Advertisements
    • 1297 37 TO EUROPE FROM EUROPE IvKsa vovlsw um ham orv sourer ml Ivtssa voy I rt» anr ham Mtv sou m ta sm I TYNE S3SW 04/02 21/02 23/02 26/02 27/02 HY EMPEROR 3321 16/01 15/01 11/01 11/01 04/02 APICYPRME 016W 06/02 24/02 2S/02 29/02 22/02 NOL CORAL OIK 16/01 11/01
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    • 1873 37 tm: YANTAI EVERY FRIDAY J .Or (T/T: 9 DAYS) I YANTIAN EVERY TUESDAY I *X FRIDAY I ililMBBIMIp:- <I/Tt*»irs) 1 I GENERAL AGENTS IN SINGAPORE: BO ROMNSON RD TEL 226 1900 FAX: *****0® OUTWARD (l/l) 4205*02 JOHORE OFFICE: COSTttSiminilTD *12-00 SALES/BRGS *****57/43 INWARD DEPT (0/0) *****86 COSTAR AGENCIES (M) SDN
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  • Page 38 Advertisements
    • 1116 38 SENATOR LINES vttm vov tt* HM ham Mi Ml Mi BE 181 llij IK TSAOEHEi 1 0OQ1W not mb not bb an a.a bnsina dmow bb isa no "sri" "55" ~btb PENAM SENATOR OCIIW BB ZX U X3.OZ a n U N 04.n a.B PALERMO KNATM MOW a n an
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    • 603 38 PENANO HO CHI MINH MV "KAIDO" V.009W MV "DASHING" V.045 ITA SIN: 06-02-2001 ITA SIN: 06-02-2001 ADELAIDE CALCUTTA MV "PAO NIDiiOYD ADC LAID!" VMS Mv "XPRISS PADMA" V.402 rA 06-02-2001 nA S)N| 08-02-2001 OENOA. PIRAEUS. BARCELONA NAOOYA MV "P&O NIDiiOYD LA SPIZIA" V.0326 MV "ALUOATOR UNITY" V.191N nA SIN: 07-02-2001
      603 words
    • 654 38 EXPREBB CONTAINER FEEDER FOR INDIAN PORTS COM N.SHEVA (CFS MULUNO, MUMSAI) COCHIN COLOMBO ALSO ACCEPTING TO AU NORTHERN AND WESTERN 1.C.0. POINT! VMMI S'PORE N.SHEVA COCHIN COLOMBO P.KLANB TULSIOAS V.117 04 PCS 11 PES ISFEB 11 PES tl PES FRONTIER V.IMW 11 PES MPES 13 PES 18 FES OS MAR
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  • Page 39 Advertisements
    • 1319 39 VESSEL VQY KHH HKO SIN PKL PX> IAB DMM MK IRAN TEHRAN PCL-192 30/01 31/01 03/02 04/02 11/02 12/02 14/02 16/02 IRAN TABATABAEI PCL-193 06/02 07/02 10/02 11/02 20/02 21/02 23/02 2S/02 IRAN KERMAN PCL-194 13/02 14/02 17/02 18/02 2S/02 26/02 28/02 02/03 IRAN ISFAMAN PCL-195 20/02 21/02 24/02 25/02
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    • 422 39 j I BLUE LADY RDM/ATW/BMN/UK I OCEAN ISLAND RDM/ATW/BMN/UK j Mdayw. Indon—« Loading for PAN EXPRESS DBVABU/DOtVBRN/DMM/KWT PtONffiRSUN DBVABIt/DOVBRN/DMM/KWT LOK KRANTI JDH/AQA/ADN I ARETE JOH/ACWDMT I *Load» Singapore, EAV. Malaysia. Indonaaia I Loadrtg for I I GRANT MARMER NOL/SAV/CAM/TMP I ITAICANGHAI VCB/VCWAAX/MZL I lARCHIMEDES NOL/TPC/CAM/JAX II |*LoaclaEAV.Malay«ia. Indonaaia I S'poro
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    • 1102 39 EXPORT I IMPORT 1 jWT »fflU JBUJMi IMY I VQT F5 I HAN IHi la I SSI I ?!tff 9V9? 11/9? 124/02 25/02 26/02 27/02 I YOKOHAMA SEN 0141 11/0] 13 01 15 '01 18 01 08 '0? I I Tiff 19f(W Iww w/w w/w ff/w a/w w/M toos u7oi~m7ei
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  • Page 40 Advertisements
    • 757 40 mmmMM MEDITERRANEAN/BLACK SiA/EUROPE SERVICES EXPORT VBSR/VOYAGE SGP GK) IVKMiCMS OKI I— iBHV IIW IIS JUSOWAWEOORMBav 04/02 IMB IVO2 20/02 22/02 21AP 2V02 25/02 26/02 tT URSULA 0081 -013Wf 11/02 23/02 25>AJ2 27/02 29/02 2R/02 02/03 04/03 05/03 UUIIEOOB-0«»V IMB 02/03 QVO3 ofc/03 QB/03 (P/03 09/03 11/03 12/03 gupsssoocooaf 25/02 09/na
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    • 365 40 MS ARAM4AM WTIAIIOUf/TND4AM RUM CONWNXT MBVKI RXPQRT VKSa VOYAGE SGT CM DW JM AN DM lAN KM NXV UM ASSURE 0650-018W 04/02 09/02 14/02 15/02 UN POPULAR 0142-004W 06/02 10/02 14/02 11/02 HSHKUSU 0009* 07/02- 11/02 20/02 24/02 YU HE 0144W 09/02 20/02 22/02 24/02 UIM AMPLE 0451-035W 11/02 14/02
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    • 907 40 WAWOKOH/MAP TA PHUT/LAMM CHAMAItO mm *w m loi_ ra» vot sw m? pw mum 158L_JM2 SZZD2 MfiMN ig Mg fiZM jmiMsar m mi <m m- s"*g, *M SHUAAMAAU 41F 05/07 W/02 W/07 OOQAMOTOW# 070S OS, 07 o*/0? r~T" ™E- LUO HP 074 10/07 mxm rn HAS IM2 ff/W ajttums 4m
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    • 575 40 BsmMH INDONESIA NATIONAL LINE TO AUSTRALIA I db i /vtkirftiußD urnrrr va wrpM? raWMBJUK 38 |H/RN/«| 16/01 IS/H 20/02 »/0? in mot ms [i/nTyn|i*/n a/u v/n FOHNM |MSp/W»/W| |K/MM/I»L/M W/W WW 1»g pt/K 17/c|tS/p| |11/c|lVo3| It/M FEEDER SERVICE TO INDONESIA va vot matron imm saumiis ru ra-CTB ra-n» in ~vm
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  • Page 41 Advertisements
    • 401 41 BSA A. I, HEf v !T=!=n9?eVlSfS?^l Sß^^Hr aa MYANMA |BBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOT SIN PKL PEN PGU BAWLABYME Ml Sit PAGAN 290W SID MALAYSIA AGENTS: BOUSTEAO SHIPPING AGENCIES OIL IE 03-*****00 PKL TEL 03-*****101 PEN; TEL 04-*****02 PGlfc TEI 07-*****21/4 BANK LINE
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    • 1244 41 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOT W1 SOU I LEW RIM lAW I HAB I ORV~~| |VB» VOT SOU 101 RIB ANT NAB BtV SB HYDUKE VL329W 05/02 BIT DO(li«G HYEBPBNR 3321 16/01 10/01 11/01 13/01 03/02 BM VLS6SW 00/02 DIT IOdiKC NOL CORAL VOIBI 19/01 20/01 14/01
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    • 835 41 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA *tAR RORO HEAVYIIFT SERVICE" fvfSSa VOY RAMP HEIGHT SIN |LK MAO MU SAV BAL ORF NYC NEW MOB TAJtOMGA AHTM" 400Tmi TSI iT7O2 1 ***** 21/03 23/03 25/03 26/03 28/03 04/04 06/04 TAIKO AH 105 4001mh 6.3 M 28/02 05/04 08/04 10/04
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  • Page 44 Advertisements
    • 96 44 New Advertisers/Services/ Agencies SINGAPORE PTE LTD j 15 McCallum Street *03-01/02 Natwest Centre Sln«apore *****5 Fax: (65) *****66 Email: (enenl9eciisin.eculine.net Website: http://www.ecultne.net INDONESIAN PORTS Banjarmasin/Jambi/Palembang/ Panjang/Pontianak/Perawan/Pekan Baru Call: 220 3373 STANDARD SHIPPING AGENCIES PTE LTD Offers Weekly FCL/LCL Services To EAST MALAYSIA PORTS DETAILS Pg 6 lomn\ KYOWA LINE Direct
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  • Page 45 Advertisements
    • 845 45 SSAMUDERA SHIPPING LINE LTD 72 Anton Road, #06-01 to 03, Singapore *****1 MAIN LINE/OUTWARD; 532 36M INWARD (WO): 437 2361 IMPORT STATUS imWimmWjmW MM Wobtlto httpi//www.»omudoro.com IMM93OOOOH BOOKINGS UNI; 33S 6266 (Colla/Joi>ica/Mol Chan/Jotlynn/Pofq/Yvonno/Hanim) nnSZ 7 SLGS/WECKLY 3 SLGS/WiIKLY VKttl 1 VOY I MM I JAK IVISSfI I VOY I SIM
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    • 602 45 SIN TO SRI LANKA/ INDIA, CANADA, US/IC/OULF, MEXICO I W fllm,l«rlmlt»»(|w>fl|ci|»M»|k*i|iiri|o»>|iAV|>iw|lAM|HQU| LiAMAiiMW 11/01 10 01 13/01 IS/Q1 111/01 111/Q1 I M/M I 11/02 110/03 1 jl/tt IIS/01 11/03 22/03 1 17/01 [11/01 jHOMH joS/M j 11/ol| 14/01 j 11/ M lt/M 1 11/01 j 01/04 j 04/04 1 10/04 j
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    • 561 45 ymm ENG LEE SHIPPING CO PTE lIDI Mt *****33 (10 Um*) Put *****M/*****40 I CI Mi lIIWWOOK VISSIL VOY SIN ETA SIN ETD DESTINATION Union Star 42 01/01 02A>2 02/02 84mon jwi Star 20 02/01 04/02 04/02 jombl Ow Dove 02/01 05/02 05/02 Dumal/P. Boiu/Buoror Slra Control 02/01 05/02 05/02
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  • Page 46 Advertisements
    • 553 46 VESSEL VOY SIN MAA SIN 1 CAPESORRELL 02N/01 0&06/D2 11-14/02 18-18/02 i TIGER STAR 870N 0&07/02 12-15/02 20-21/02 TIGER RHYTHM 871N 10-10/02 15-18/02 23-24/02 TIGER BRIDGE 872N 13-14/02 19-22/02 27-28/02 1 TIGER METRO 873N 16-17/02 22-25/02 02-03/03 TIGER STAR 874N 20-21/02 2&QI/03 06-07/03 IVESSE^^^VO^^SIP^^CA^^SIP^I TIGER OCEAN 469CN8 02-03/02 08-11/02 1
      553 words
    • 1020 46 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logistkentre, Singapore *****3 Tal: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg WEBSITE: www.freightlinks.net NEW DELHI MV. TUSIDAS VI37W KARACHI HV. CASTOR VOI7 ETA SIM: 4/02/2001 ETA SIN: 5/02/2001 MALTA MV. VILLE DE VENUS VIO4-4 MANILA MV. UNI MERa V*****N-207
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    • 676 46 TO KUROM CHINA N. EUROPf SERVICE VFWI VOY in HKG XGG WO SHA hanjm Savannah 553 <5370 59TS TTTS iTTB TTm mujNNEWOftg rc* 10 ra 14FB 18 FB 20FB =2f» TRADE TESIA 001E 17 FEB 21 FEB 25 FEB 27 FEB 01 MAR HANJIN KEELUNG 078E 24 FEB 28 FB
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  • Page 47 Miscellaneous
    • 128 47 1Q t )E IJH LEGEND: Issued by Meteorological Service Singapore Thunderstorm Rain Temperature C— Wjnd an( j speed in knots H Weather w Cloudy Day C v*r *j m k i Sea Conditions Wind speed symbols I O Full circle w/o line indicates calm or light and variable winds j
      128 words