The Business Times, 20 February 2001

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Total Pages: 42
1 42 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 028/12/2000 SI NGAPORE Internet: http;//business-times.asial .com.sg/ TUESDAY, FEBRUARY 20. 2001
    15 words
  • Article
    Lock icon MARKET SUMMARY
    71 1 □sn W&01 (-23.55) BT-SII 807J2 (-5.86) SF INDEX ruruKES M 66 (-17.00) SmSO FUTURES 24&80 (-3.60) STOCK MARKET INDICES Monday Change KLSECOMP 711.33 -3.33 NIKKEI 225 13,119.59 -55.90 HANG SENG 15,490.96 139.35 SET INDEX .309.64 -6.36 JAKARTA COMP 435.14 +3.06 MANILA COMP —1,673.95 -15.96 TAIPEI WP1 5,937,10 -108J7
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  • Article
    Lock icon FINANCE
    80 1 FOREX SATES us* s$ USS (SS per USS) 1.738 £(L'S$/SS per 1.449 2.518 EURO(USS/S$/E) 0.914 1.588 DM 2.141 1.232 YEN 115.9 66.70 KM 3.800 2.187 HKS 7.799 4.489 BAHT 42.61 24.521 RUP1AH 9,609 5,530 *S$ to 100 units PRIME SATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA ...39.00 BANGKOK 9.50
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  • Article, Illustration
    Lock icon Bidding war fuels prices at HK govt land sale
    637 1  -  Analysts cite govt cut-back of land sales programmes From Audrey Tan in Hongkong HONGKONG property developers yesterday left no doubts about where they think the market is headed by furiously outbidding each other to pay much higher-than-expected prices at a government
    REUTERS  -  637 words
  • Article, Illustration
    Lock icon SingTel issues $1b 5-year bonds yielding 3.21%
    618 1  -  Largest S$ issue by corporate borrower; retail investors can buy bonds after 6 months By Siow Li Sen [SINGAPORE] Singapore Telecommunications launched its first ever bond issue of $1 billion yesterday the largest Singapore dollar issue by a corporate borrower and just days
    FILE PHOTO  -  618 words
  • Article
    Lock icon SM backs IMF reforms as best option for Jakarta
    785 1  -  Advisers of view that country should stick to programme From I Shoeb Kagda in Jakarta SENIOR Minister Lee Kuan Yew yesterday backed the International Monetary Fund's (IMF) economic reform programme for Indonesia, noting that it was the most viable option available
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      79 1 nrsmE Top Stories Japan promises 'eyes rolling' market stimuli. Next Page Big accounting firms in no hurry to corporatise. Next Page DBS-Vickers deal: minorities to be advised independently. Pg4 H Royal Clicks set to expand into lifestyle, fashion. Pg 5 Kwek Leng Beng's move on Le Meridien suffers setback. Pg
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      64 1 Govt sets up L&H Asia registry to keep under judicial track of wills management Pg 7 Pg 8 •<» v/ v-' *.-;i?f*.; •%4£,\ £?f*r ii ••:•> •■>;. .v,},A?-W:=„ 4 f.N "•'>.•'! 5 u.v, r < t >.<: >'» v t '>' to* v Jr. -"i,: 1 x•. :f *v* Y
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    • ON THE grapevine
      • Article
        Lock icon Calling in the chips
        150 2 WANNA make a quick buck cashing in some chips? No, we are not talking about casino winnings. Premas Parking, which manages carparks in the Central Business District, is appealing to motorists to return its plastic "chip coins" which have gone missing following a technical glitch affecting
        150 words
      • Article
        Lock icon Missing by a mile
        128 2 WE have all become used to profit warnings and missed forecasts. While some of them still catch us by surprise, the margin of error is often reduced by prior revisions and so-called guidance by the companies concerned. Not so this one by Austrian information technology service
        128 words
    • Article
      Lock icon No contact with Bank Indonesia on rupiah NDF: MAS
      289 2 Reuters [SINGAPORE] The Monetary Authority of Singapore (MAS) said yesterday it had not talked to Bank Indonesia about a new non-deliverable forward (NDF) dollar/rupiah market. Major international banks in Singapore began offering NDF deals yesterday following Bank Indonesia's move last month
      Reuters  -  289 words
    • Article, Illustration
      Lock icon Japan promises 'eyes rolling' market stimuli
      675 2  -  But no indication of what the policy package would contain; stockmarket unimpressed From, Anthony Rowley in Tokyo JAPAN'S government coalition parties are preparing an "epoch-making" package of new policy measures designed to reverse the collapse in Tokyo stock prices and to revive the moribund
      675 words
    • Article, Illustration
      Lock icon Big accounting firms in no hurry to corporatise
      917 2  -  Arthur Andersen, for one, prefers to remain a partnership for now Reports byi Anna Teo [SINGAPORE] The law here may have paved the way for accounting corporations with limited liability, but it doesn't look like the bigger firms are in any hurry
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    • Article
      Lock icon Accounting must capture all sources of value: Berardino
      795 2 Arthur Andersen chief says biggest challenge is to win the war for talent [SINGAPORE] Accounting and financial reporting must, in the long term, evolve to capture all sources of value in a business, says the new Arthur Andersen chief executive. "The market
      795 words
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      46 3 m Yellow Need to search for products and services? City Search™ <§ 7-777-777^^Kf^^ a gift for your loved ones? www.yellowpages.com.sg Singapore's largest Search Directory fin Sing Tel For advertising enquiries, please call 351 1088 t£dJ Yellow Pages yellow pages* A member 0 f the Singapore Telecom Group
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  • SINGAPORE companies
    • Article
      Lock icon DBS-Vickers deal: minorities to be advised independently
      435 4  -  BTI4!miUWJ Both court and minorities have to clear the Sing Tech pnt option By Conrad Raj THE Singapore Exchange has said that the put option granted to Singapore Technologies in the proposed DBS-Vickers Ballas merger enabling Sing Tech to retain its 40.5 per
      435 words
    • Article
      Lock icon Inchcape Motors stock sees new trading interest
      303 4  -  Among top risers yesterday, after Brierley's offer By Christopher Tan ACTIVIST investor Ronald Brierley's offer to buy Singa-pore-listed Inchcape Motors has revived trading interest in the neglected motor counter. Although Mr Brierley's offer to buy Inchcape Motors at $1.65 a share last Friday
      303 words
    • Article
      Lock icon Poor selling prices leave Chosen with flat interim earnings
      220 4 LISTED Chosen Holdings turned in a flat performance for the half-year ended Dec 31, 2000. Net earnings rose just 3.7 per cent to $2.98 million, despite a 43 per cent leap in turnover to $62.92 million. The plastic moulding group said
      220 words
    • Article
      Lock icon Jaya interim net 49% up despite lower sales
      193 4  -  By) Rachel Ong MARINE company Jaya Holdings yesterday reported a 49 per cent increase in net profit to $7.59 million for the six months to Dec 31, 2000. The rise was achieved despite a drop in turnover to $30.6 million, from $38.8
      193 words
    • COMPANY Briefs
      • Article
        Lock icon M1 sees higher profit this year
        55 4 MOBILEONE Asia Pte (Ml), Singapore's second-biggest cellular phone company, said profit will rise this year as customers use more data and non-voice services, more than offsetting declining prices for voice calls. The company's pre-tax profit more than doubled to $79 million in 2000 from
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      • Article
        Lock icon Jurong Engg has $77m contracts in bag
        39 4 JURONG Engineering Ltd said in a brief statement yesterday that it has secured contracts worth $77 million in the last two months. The contracts include projects in Brunei and United Arab Emirates.
        39 words
      • Article
        Lock icon Popular proposes 1-for-2 bonus issue
        58 4 POPULAR Holdings said yesterday it is proposing a one-for-two bonus issue to improve the liquidity of its shares and to reward shareholders. The issue will be made by capitalising a maximum of $15 million from the share premium of the company. The bonus issue is
        58 words
    • Article, Illustration
      Lock icon SembLog's net gain jumps 34% to $46.8m
      651 4  -  By' Teh Hooi Ling SEMBCORP Logistics (SembLog) yesterday announced a 34 per cent jump in net earnings to $46.84 million, hitting the top end of analysts' forecast. The performance of all its business divisions improved with two supply chain management (SCM) and marine
      651 words
    • Article
      Lock icon Serial's Chow leaves almost empty handed
      579 4  -  Exec chairman Derek Goh exercises call option to buy over all of ex-group operating officer's shareholdings By' Teh Hooi Ling LARRY Chow Sou Chian, the just-resigned group operating officer of Serial System and one of three men described as the most important to the
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    • Article
      Lock icon Will stimuli spur Tokyo stocks?
      955 4  -  HQCKirmsfm anthony rowley LIKE "rearranging the deckchairs on the Titanic" is the phrase some analysts have used to describe what they see as the futility of earlier measures proposed by a Japanese government panel to boost Tokyo stock prices. Yet, while the suggested reforms some
      955 words
    • Article, Illustration
      Lock icon Royal Clicks set to expand into lifestyle, fashion
      712 5  -  Sports equipment distributor aims to become lifestyle specialist By Ven Sreenivasan SPORTS equipment distributor Royal Clicks is poised to announce acquisitions and ventures marking a move into the lifestyle and fashion business. Chairman Mohamed Alabbar said the ventures are the first major
      CHRIS LOH  -  712 words
    • Article, Illustration
      Lock icon Leng Beng's move on Le Meridien suffers setback
      530 5  -  UK's Times reports that his partner, Bass pic, has quit bidding race By] Kalpana Rashiwala IT may be the end of the road at least for now—for Kwek Leng Beng's plans to bag the Le Meridien hotel chain. His Millennium and Copthorne
      FILE PHOTO  -  530 words
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      149 5 $r< W& itemmW* 5^% ,t V s ,v M s v psfe *|P This is generation d Welcome to World Com, the digital communications company that's changing the way the world does business, j |In today's world you have to multi-task You have to be everything to lil<e IP, ATM
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Chuan Soon Huat wrt: decent numbers yet shunned
      195 6  -  WARRANT WATCH By R Sivanithy FURNITURE maker Chuan Soon Huat's warrants have diverged oddly from their underlying shares while the stock has shown an upward trend for the past six months, the warrants have slowly spiralled. As such, the shares at 34.5
      195 words
    • Article, Illustration
      Lock icon STI hit on all fronts, falls 24 points in quiet trade
      629 6  -  I=ll comment YOUR MONEY r. sivanrthy THE local market fell victim yesterday to a combination of negative factors news of uninspiring January trade figures, a weak US market last Friday and losses in Hongkong and Japan. Throughout the day,
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    • Article
      Lock icon Untitled
      483 6 Stocks Volume Econ Intl 20c 30,185,000 Hyflux5c 15,826,000 PacificCenturylOc 11,077,000 Chart Semiconductor 26c 9,188,000 TPA10c 8,239,000 CaprtaLand 7,937,000 PCI 25c 7,523,000 Omni Ind 10c 7,286,000 MediaRing 10c 6,622,000 AEM-Evertech 5c 6,176,000 Stocks Chart Semiconductor 26c 54,157,052 VentureMfg25c 35,997,300 DBSGrp 32,575,759 OCBC 28,777,400 Omni Ind 10c 22,616,700 SIA 19,651,500 CaprtaLand 19,497,635
      483 words
    • Article, Illustration
      Lock icon SIA: selling not over, support at $14.50
      251 6  -  HOT STOCK By Ven Sreenivasan SINGAPORE Airlines (SIA) shares have fallen steadily since the start of the year on concern that the impending slowing in global economic growth will hit the carrier's revenue. In the past few days, it has fallen through several
      251 words
    • Article
      Lock icon Market Notices
      144 6 WEE Poh Holdings Ltd announced the appointment of Tan Song Koon to the board of directors and audit committee of the company with effect from Feb 15,2001. Mr Tan is currently an executive director of Fuji Offset Bates Manufacturing Ltd. ♦NEW Toyo International Holdings Ltd announced that Jenny
      144 words
    • Article, Illustration
      Lock icon Euro corrects upwards, but Asian units are mixed
      346 6  -  CURRENCIES larry wee A WALL Street blitz last Friday left the greenback softer versus the eurozone bloc but mixed versus Asian currencies yesterday. Wall Street's falls were led by a 5 per cent slide in the Nasdaq Composite Index after profit warnings
      Source: Reuters  -  346 words
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      152 6 MB Rajah Tann WIII.GoTSHAI Manges, u Andersen Legal The Digital Marketplace An International Symposium March 14 2001 Electronic Contracting US EU Digital Signatures Encryption Speakers are Trademarks Domain Names internationally recognised Linking lawyers from Weil, Gotshal Manges, Internet E-Commerce Patents Rajah Tann and Specialists from Internet E-Commeice Agreements Arthur Andersea
      152 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Govt sets up registry to help keep track of wills
      441 7  -  But only essential information will be recorded; so far, 120 submissions made By. Andrea Tan YOUR grandfather has passed away, leaving behind a huge estate. Family members are squabbling over who gets what. No one is aware of any will
      441 words
    • Article, Illustration
      Lock icon Alcatel expects to meet 25% profit growth target in Q1
      427 7  -  Chairman cites focns on products that allow fast Internet access and on optics By\ David Boey FRENCH telecommunications giant, Alcatel, said yesterday it does not expect to issue a profit alert unlike most other large telcos and should post some
      RICHARD CHNG  -  427 words
    • Article
      Lock icon 1-Net claims a first in streaming media service
      202 7 HOMEGROWN 1-Net Singapore launched its Streaming Media service last week which provides webcasting and streaming media on demand. With this service, companies can reach audiences through media streaming in Windows Media, Real Networks, or QuickTime media formats. Streaming media lets users view
      202 words
    • Article, Illustration
      Lock icon FPAS offers free redress for members' misconduct
      455 7  -  Association will probe complaints and punish if necessary By\ Serena Ng CLIENTS of financial planners can now seek redress for potential misconduct free of charge if the firm they deal with is a member of the Financial Planners Association of Singapore (FPAS). The
      455 words
    • Article
      Lock icon L&H Asia under judicial management
      467 8  -  Court-appointed managers believe it still has a future ByK Conrad Raj THE Singapore operation of scandal-ridden speech recognition and language translation software firm Lernhout Hauspie was placed under judicial management by the High Court here yesterday. This follows the granting of court protection to the
      467 words
    • Article, Illustration
      Lock icon PA launches new HR systems
      397 8  -  Divlandllwillbe appraised nnder new system next month By Eugene Low THE People's Association (PA) is introducing new per-formance-appraisal and salary systems to improve its human resource practices. Speaking at a PA seminar yesterday, Minister for Home Affairs and PA deputy chairman Wong Kan Seng said
      FILE PHOTO  -  397 words
    • Article
      Lock icon Serial System setting a good example
      231 8  -  Seow Eng Ghee, Singapore, via Internet I REFER to your article "Serial System CEO quits after noconfidence vote" by David Boey (BT, Feb 16). This is indeed a good lesson for all listed companies in Singapore, especially those with the major shareholders or family
      231 words
    • Article, Illustration
      Lock icon Cess up 11.2% in 11 months to Nov
      294 8  -  PYP fTTI TTTTTTTTfB By\ Marissa Chew INCREASED spending on food and beverages and better hotel occupancy rates put 11.2 per cent more cess in the taxman's pocket in the 11 months to November last year. Figures from the Singapore Tourism Board show
      Source: STB  -  294 words
    • Article
      Lock icon Interest rates for CPF savings unchanged
      188 8 THE Central Provident Fund (CPF) Board will continue to pay members interest at 2.5 per cent a year for savings in their Ordinary and Medisave Accounts from April 1 to June 30,2001. Reviewed quarterly the CPF rate is based on those for the three-month
      188 words
    • Article, Illustration
      Lock icon Advertising helps in a slowing economy
      609 8  -  O*M senior exec says consumers continue to buy, nse products, services By\ Vince Chong BRANDING is like a car race in which successful drivers would speed past a crash to take advantage of the instinctive caution shown by other drivers, said a senior advertising
      RICHARD CHNG  -  609 words
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      204 7 Hk Si bJriTjJjiilj(ijiß Bpy M B I 'It i Jin 1 mm fck Hkil The Internet changes the way companies manage Human Capital. The best people are not just hard to get hold of they're hard to keep. Companies embracing the new age are creating dynamic, flexible people cultures that
      204 words
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      99 8 Corporate Advantage M rn For more information H or reservations, please ssii7 ,65)2 4 467 effective in August c (65)298-2038 •Superior Room Complimentary Local Calls sales@g ld 7„LT m ark.com^ anH Hqilv Mau/cnanpr M ra,es are subject to ,0% service chargedull 1 iC TT ajidpvl 1% government lax and 3%
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      133 8 We welcome letters. E-mail us at btletter@ sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road', Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in
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      79 8 Since 1975 our worldwide staff of over multi-disciplined professionals OF 1 V including lawyers, chartered accountants. a K chartered secretaries and bankers have J k provided confidential and cost effective company formation in all the major low ff? ,a including Incorporation Fees from USSSOO The world's leading Florence Nathan v
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      95 8 Ford Motor Credit Company Floating Rate Notes Duo February 13, 2003 Common Code Number: *****03 ISIN No.: U*****97 RV79 CUSIP No.: *****7 RV7 In accordance with the terms of the documents governing the above-referenced Notes, notice is hereby given that the Interest Rate per annum for the Interest Period commencing
      95 words
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  • FOCUS property
    • Article, Illustration
      Lock icon CapitaLand's debt reduction is key priority
      624 9  -  BIM.V.X.M.IJ PROPERTY And if Ed Ng leaves for 'national service', there should be someone ready to take his place lee han shih FOR the first time, local politics may feature in the future of listed companies, and one blue-chip property company in particular. Some
      624 words
    • Article, Illustration
      Lock icon Keck Seng launches 55-unit Saraca Villas
      375 10  -  The 99-year leasehold units in Seletar Hills are going for $970,900 to $2.7 m By. Andrea Tan THE private residential market was quiet except for the Keck Seng Group releasing its 99-year leasehold Saraca Villas on Sunday. The group managed to close three deals
      ARTHUR LEE  -  375 words
    • Article
      Lock icon Reclaiming Bangkok's majesty
      552 10  -  By\ Pravit Rojanaphruk IT'S not too late for Bangkok residents to reclaim their identity and make their chaotic city more liveable, said Steve Van Beek, a long-time Bangkok resident and author of Bangkok: Then and Now. It is a shame that Thailand, and especially Bangkok, is trying
      552 words
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      67 9 NO P^^H Eyeball to find out evidence what's stopping the is, a guy I Project Eyeball is available only at Cold Storage, BP, Guardian, Borders, MPH, Tower Records, 7-Eleven, selected Times the Bookshops, I I Kinokuniya outlets and newsstands at Shenton Way, Suntec City, Orchard Road, River Valley, Marine Parade,
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      456 9 I 'JjLz I FOR SALE Legal Description Lot 2349N, Mukim 6 Land Area 25,796 sq m Tenure 30 years w.e.f 1 April 1988 30 years Total build-in area 13,193.4 sq m Description of Property Factory with mezzanine office 10,278 sq m Warehouse 1 393 sq m Warehouse 2 1016.4 sq
      456 words
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      514 10 r (ffHh Jones Lang W LaSalle. Singapore's most desired address Site Area 115,000 sq ft approx. Highly exclusive locality cIL )f Quiet and serene environment V C. mmmmu Lpsar* \/LAOVMILL PK Potential for 7 units of Good j) Class Bungalows fv/vrX Rarely available development opportunity /Tom 0 UN6LIN >U FOR
      514 words
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      325 10 CA.TA Buy It. Sell It. Find It. FACTORIES IN GUL VICINITY Description Comprises 2 adjoining JTC Type D 5 factories with mezzanine office. Production and office areas are fitted with ceiling board and air-con Land Area Total 16,825 sm (181,103 sq ft) Gross Floor Arsa Total 6,300 sm (67,812 sq
      325 words
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  • e-NEWS
    • Article
      Lock icon Microsoft to launch Stinger smart phones by year-end
      632 11 LONDON However, major mobile phone companies have yet to back the new software platform Reuters MICROSOFT Corp plans this year to launch software, code named Stinger, aimed at setting the standard for multi-media-enabled phones as well as leveraging the strength of its
      Reuters  -  632 words
    • Article, Illustration
      Lock icon DoCoMo sells more shares than planned
      365 11 UTOKYO Strong demand leads it to sell 124b yen more stock, raising a total of USsB.2b Bloomberg NTT DoCoMo Inc, Japan's largest company by market value, said it sold 124 billion yen (Ssl.9 billion) more of stock, raising about US$B.2 billion (5514.3 billion) in
      Bloomberg; REUTERS  -  365 words
    • Article
      Lock icon BritTel widens its BT Wireless options
      341 11 LONDON After dismal Orange debnt, company may go in for a mixture of demerger and IPO Reuters BRITISH Telecommunications pic, denying reports that it is considering full merger of its mobile telecommunications division BT Wireless, on Sunday said it was taking a wider view
      Reuters  -  341 words
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      75 11 As a business person you are paid to make decisions. That's why you need the newspaper with a global view you can trust. The newspaper that reliably informs you about business and the vital trends in Asia, and around the world, that you need to make the right decisions. You
      75 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon US easing off in Mideast would be good for all
      815 12  -  mnm bottom line OPINION leon hadar The writer is BT's Washington correspondent PRESIDENT George W Bush emphasised during the election campaign the need to encourage America's allies to play the leading role in resolving conflicts and maintaining security in their
      815 words
    • Article
      Lock icon IN OTHER WORDS
      82 12 'I don't believe what happens to Napster the company matters much at all. Napster the idea has proven to be a very, very powerful force in the industry.' Mj|W president of digital management company Reciprocal Entertainment, prior to a US court ruling to bar the website from
      82 words
    • Article
      Lock icon India must embrace reforms
      579 12 EDITORIAL INDIA'S national Budget next week could push the country along the hesitant road to free-market capitalism but it is unlikely to signal a wave of new reforms. Against the backdrop of elections due in five states, drought in key areas and an earthquake in a
      579 words
    • Article, Illustration
      Lock icon The New Economy's role in boosting productivity
      1315 12  -  It's no myth; far from petering ont, the widespread Infotech Revolution's greatest impact is yet to come By Edward Yardeni The writer is the chief investment strategist at Deutsche Banc Alex Brown AS one of the first proponents, and a long-time defender, of
      AFP  -  1,315 words
    • Article
      Lock icon Shed light on the power fiasco
      767 12  -  COMMENTARY The defenders of deregulation should stop making excuses and see what went wrong in California By\ Paul Krugman The writer is a professor of economics at Princeton University NYT "TREASON doth never prosper: what's the reason?" asked Sir John Harrington. "Why, if it
      NYT  -  767 words
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  • MALAYSIA news
    • Article
      Lock icon Bintulu Port IPO open to foreigners
      504 13 KUALA LUMPUR First M'sian share offer since '97 crisis to offer a stake to foreigners AFP OPERATORS of a Malaysian port which is building the world's largest single liquefied natural gas (LNG) terminal announced plans yesterday to open a share offering to foreigners. Bintulu
      AFP  -  504 words
    • Article
      Lock icon Samsung unit in M'sia eyes share sale
      184 13 KUALA LUMPUR Bloomberg SAMSUNG SDI Co, a unit of South Korea's largest business group, is seeking to sell shares in its Malaysian unit this year to fund expansion, its share sale adviser said. "We're working very hard (on the share sale)," said Tan
      Bloomberg  -  184 words
    • Article, Illustration
      Lock icon Toiling away
      70 13 [KUALA LUMPUR] Foreign workers working on a construction site yesterday. Malaysia has banned the recruitment of Bangladeshi workers, blaming them for the country's increasing social problems. The government estimates more than 100,000 mainly Muslim Bangladeshis work in Malaysia's construction, plantation and services sectors, many of them without valid
      AP  -  70 words
    • Article
      Lock icon Muslim nations to push Islamic banking
      163 13 KUALA LUMPUR Reuters MALAYSIA and several Islamic nations pledged yesterday to press ahead with developing Islamic banking, which they say has huge growth potential if it can increase its global share of Muslim assets. "Significant potential still remains untapped," central Bank Negara governor Zeti
      Reuters  -  163 words
    • Article, Illustration
      Lock icon Malaysia not ready to revise GDP forecast
      426 13 Last year's growth should be better than 8%, says minister MALAYSIA has yet to revise its growth rate for this year in the face of an expected US slowdown, with Finance Minister Daim Zainuddin saying yesterday that "we have not decided to revise
      AFP  -  426 words
    • Article
      Lock icon Layoffs in Malaysia hit 11-month high in December
      312 13 KUALA LUMPUR Bloomberg MALAYSIAN companies in December laid off the largest number of workers in 11 months as the economic slowdown prompted them to cut costs and delay expansion plans. Companies laid off 2,601 workers in December, the most in any month
      Bloomberg  -  312 words
    • Article
      Lock icon Jakarta to renegotiate plantation sale
      419 13 JAKARTA Bloomberg INDONESIA is renegotiating the terms of a US$35O million (Ss6lo million) palm oil plantation sale to Malaysia's Kumpulan Guthrie Bhd, seeking to accommodate demands raised by farm workers which have held up the sale. Parliamentary criticism that the sale, originally inked last year,
      Bloomberg  -  419 words
    • Article
      Lock icon Phileo Allied alerts KLSE to buyback mistake
      226 13 KUALA LUMPUR AFX-Asia PHILEO Allied Bhd said it mistook the number of shares it was allowed to re-purchase from the market and has informed the Kuala Lumpur Stock Exchange of its error, the Malaysian Business Times reported, quoting a company spokesman. Phileo had
      AFX-Asia  -  226 words
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      54 13 .v 1 Clean rooms of all classcs sdonw tfm n t r 16 semiconductor industry. B W ,L "^S1 Lianhe Zaobao B I I I SttS I I I —ftMiI I m w« I Limited I growth I in unit trust I I industry I I despite liberalised I I
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  • REGIONAL news
    • Article
      Lock icon Gus Dur to submit to police questioning
      359 14 JAKARTA He hopes to explain his alleged role in 2 scandals before trip Reuters, AP INDONESIAN President Abdurrahman Wahid will make himself available for police questioning on his alleged role in two financial scandals before he leaves on an overseas trip later this
      Reuters,; AP  -  359 words
    • Article, Illustration
      Lock icon Myanmar general feared killed
      425 14 YANGON Fourth most powerful member of ruling janta may have died in copter crash Reuters THE man regarded as the fourth most powerful member of Myanmar's military government is believed to have been killed in a helicopter crash yesterday, officials said. Lieutenant-General Tin 00, Secretary Two
      Reuters; AFP FILE PHOTO  -  425 words
    • Article
      Lock icon Estrada could be indicted next week
      319 14 MANILA AFP, AP DEPOSED Philippines president Joseph Estrada could be indicted for corruption-relat-ed charges as early as next week, a special prosecutor said yesterday. Ombudsman Aniano Desierto had been due to rule on six criminal complaints against Mr Estrada this week. But he agreed
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      Lock icon Illegal trading: Manila questions foreigners
      165 14 Reuters [MANILA] Philippine prosecutors yesterday formally questioned 14 foreigners, 11 of them British, held by police since last Friday on suspicion of illegal trading in US stocks. Senior state prosecutor Archimedes Manabat of the Justice Department told reporters he had found a prima facie case
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      Lock icon Suharto's daughter faces travel ban
      215 14 JAKARTA AP STATE prosecutors yesterday banned ex-dictator Suharto's eldest daughter from leaving Indonesia for one year because of corruption allegations and also declared the ex-president's half-broth-er a suspect in another graft case dating back to the *****. The dramatic legal attack on Indonesia's former first
      AP  -  215 words
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      Lock icon Taiwan unveils measures to boost investment
      398 16 TAIPEI Trading tax on corporate bonds to be scrapped Reuters FACED with increasing competition from China, Taiwan's Cabinet moved to improve the island's investment climate yesterday by unveiling a package of policies which included cancelling a trading tax on corporate bonds. The policies were
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      Lock icon China suspends B share trading, spurring reform talk
      583 16 SHANGHAI Traders say regulators may open B shares to local Chinese investors Reuters, Bloomberg CHINA yesterday halted trading of all 113 hard-currency Class B stocks pending an announcement, the nation's regulators said, fuelling speculation local investors may be allowed to buy them
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      Lock icon China to punish banks over loans for stock speculation
      491 16 SHANGHAI Bat there is no change in Bering's credit policy which still sees liquidity as key factor Reuters CHINA will punish banks which lend money for stock speculation, state media said yesterday as a government probe into price rigging ran on.
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      Lock icon China to keep currency stable for another 5 yrs: report
      332 16 BEIJING AFP CHINA will keep its currency stable for another five years as local market mechanisms are not yet sound enough to absorb the impact of a liberalised exchange rate, state media said yesterday. Too much haste in liberalising the
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      Lock icon China's Jan FDI up 21% to US$2.2b
      215 16 BEIJING Reuters CHINA said yesterday actual foreign direct investment (FDI) rose a strong 21.23 per cent year-on-year in January to U552.22 billion (SS3.B billion), leading analysts to conclude FDI growth has finally turned the corner. "Actual FDI has shown a recovery," said Ma
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      131 14 A world-classevent. From TSic inuild's Original Beer. m y,' <tL S* I f v> v w%* m *V~- mS&\ 4 •■sW. jSp* 1 *■< iPf* r l '*"'-j-±* v t •/?-jAf-' -V -f ji7 .:7 A,; .c-/ -Ss?- r/ Si |i The Caltex Singapore Masters, presented by Carlsberg. It be
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      262 15 KIitiHHVHHVHHR *BfeL 5 HS*2fIP&733R2: mm mm-' jj^^BßSj A N^ cP While the world may be getting smaller, its challenges clearly aren't. That's why it's reassuring to know some people have your best interests in mind. People who eat, sleep and breathe your business. So when you talk about your company's
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      699 16 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 [2 AVIMO AVIMO GROUP UMfHD NOTICE OF ADDITIONAL RESOLUTIONS THAT ARE INTENDED TO BE MOVED AT THE 27TH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the following additional resolutions are intended to be moved as ordinary resolutions with
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      243 16 THE COMPANIES ACT, CAP. 50 BRIGHT EXPRESS PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 20 Toh Guan Road. #08-00 Accord Distri Centre. Singapore *****9 on the 1 9th day of February. 2001 at 11.00 a.m..
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      244 16 THE COMPANIES ACT, CAP. 50 FL SHIPPING PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 20 Toh Guan Road. #08-00 Accord Distri Centre. Singapore *****9 on the 19th day of February. 2001 at 10.00 a.m.. the
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      867 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF TIMBER BUILD PTE LTD (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, *12-11 Golden Mile Tower, Singapore
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  • WORLD news
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      Lock icon Oil majors vie for Saudi gas deals
      482 17 DUBAI Negotiators encouraging competition to get best offers for 'core ventures' Reuters THE world's top oil companies are battling for leadership roles in Saudi Arabia's multibillion dollar gas sector opening and victors are likely to emerge soon. "The competition is fierce," an industry
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      Lock icon Opec set to cut oil output: official
      194 17 RIYADH AFP THE Organisation of the Petroleum Exporting Countries (Opec) will probably cut oil output when it meets next month to compensate for a greater-than-expected drop in demand after the Northern Hemisphere winter, said an Opec official close to the Saudi Arabian oil
      AFP  -  194 words
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      Lock icon Lavish Japan theme park files for bankruptcy
      814 18 TOKYO Failure of Seagaia Ocean Dome symbolised the excesses of Japan's bnbble economy Reuters THE operator of a vast domecovered theme park that symbolised the excesses of Japan's 1980s bubble economy, filed yesterday for bankruptcy in the nation's biggest failure of a public-private
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        Lock icon Three Europe firms to form steel giant
        133 18 AP [BRUSSELS] Three European steelmakers announced plans yesterday to merge into the world's largest with production of 46 million tons per year. France's Usinor, Luxembourg's Arbed and the Spanish Aceralia Corporacion Siderurgica said the merger would be completed by fall 2001. The new
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        Lock icon 3i eyes 8.3b kronors Atle takeover
        113 18 Reuters [LONDON] Venture capital firm 3i Group announced yesterday a recommended 8.3 billion Swedish kronors (Ssl.s billion) takeover offer for Swedish private equity investment firm Atle. The deal will help 3i acquire a portfolio of investments in Swedish unlisted companies and boost its position
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        Lock icon Unilever to sell baked goods unit
        141 18 Reuters [ROTTERDAM] Anglo-Dutch consumer products group Unilever said yesterday it would sell its US baked goods activities to Canadian food group George Weston for U551,765 biUion (Ss3.l billion) in cash. The price was at the top end of analysts' expectations and helped boost Unilever's
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        Lock icon Korea's Kepco to repay 1.4t won debt
        78 18 Reuters [SEOUL] South Korea's state-run utility giant Korea Electric Power Corp (Kepco) aims to repay 1.4 triUion won (Ssl.9 biUion) of its debt this year, a company official said yesterday. The move wiU save the company 150 billion won in costs annually, said
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      Lock icon Incentive makes offer for Sulzer worth at least 4.4b Swiss francs
      259 18 ZUG, Switzerland Bloomberg SULZER's biggest investor made an unsolicited bid worth at least 4.4 billion Swiss francs (554.5 billion) for Switzerland's largest machinery maker after Sulzer shares barely budged for three years. Incentive Capital AG, in which Zurich Financial
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      Lock icon BIS proposals could polarise Asian bonds: Merrill
      443 18 HONGKONG Reuters THE polarisation of Asia's high grade and high yield bond markets could become even more dramatic if tough new global standards on bank lending are adopted, a senior fixed income analyst said yesterday. "Essentially, the gap between the good and the
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    • Article
      Lock icon C&W yet to find buyer for stake in CyberWorks
      419 18 HONGKONG No timetable set by UK company which is in talks with CyberWorks for orderly exit Bloomberg, Reuters CABLE Wireless pic, UK's second-biggest phone company, said it has not found a buyer for its stake in Pacific Century CyberWorks, even though
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      Lock icon Australia's seven 3G starters pay A$831m for bid rights
      300 18 MELBOURNE Four of them paid for maTimnm eligibility; auction starting in mid-March Reuters THE Australian Communications Authority yesterday said the seven starters in Australia's third-generation (3G) spectrum auction paid out A 5831.25 million (*****.26 million) to secure bidding rights. The government
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      Lock icon Tiscali finds World Online hard to swallow
      631 18 ROME Chairman and his former chief executive fall ont over different working styles FT IN ITALY pizza would seem an unlikely stumbling block for a mega-merger. But a clash over whether staff at Tiscali should be allowed to eat it at their desks
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      362 17 Investing with Schroders is a win win win win win win win situation. Schroders sweeps fund awards. Schroders was the biggest winner at the Standard and Poor's Investment Funds Performance Awards 2001 winning seven out of 27 awards. We also clinched four awards at the prestigious Investment Fund Awards 2000.
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  • FINANCE & commodities
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      Lock icon Futures in biggest drop in over 5 weeks
      335 19  -  SGX Derivatives Tfradlng/feport ST Inde*/MSCI S'pore Index Wong Ann Chuen Refco Singapore THE Singapore stock market fell further yesterday, prompted by a lacklustre performance from technology counters. The benchmark Straits Times Index fell 23.55 points or 1.19 per cent to close at
      335 words
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      Lock icon Futures fall in tandem with stock market
      303 19  -  MSCI Taiwan Index Lau Chee Keong Refco Singapore RISING tensions in the Middle East, earnings concerns and lower-than-expected economic data sent Taiwan's stock market to a lower close yesterday. Nevertheless, bargain hunting in late trade helped the Taiwan market close off the day's
      303 words
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      Lock icon CURRENCY REPORT
      342 19 Reuters London THE euro rose one per cent against the US dollar and the yen early yesterday, gaining from financial and political turmoil in Turkey and expectations that the euro zone would outshine the US and Japanese economies. A clash between Turkey's prime minister and president sparked a
      Reuters  -  342 words
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      Lock icon Untitled
      1243 19 DtTERBAinL CROSS RATES C$ Brob Eto Ffr Pw HK$ tnd ta KuptH Yw Won RM N2$ Pafc Rs Peso S$ Band Sfr WT$ Baht Pound US$ Australia 0J13 4.379 0.578 3.789 1.130 4.116 24.567 50.711 0.612 6.578 2.005 1.229 31.520 25.274 0.917 4.105. 0.886 17.044 22.485 0.364 0.528 Canada 1230
      1,243 words
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      Lock icon Untitled
      1950 19 SICOM FUTURES Feb 19 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Voftme Opt* Month High Low Sett (tonnes) Interest Mar 01 104.75 150 Apr 01 107.00 800 May 01 109.50 800 Jun 01 m.00 800 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Law Sett (tonnes)
      1,950 words
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  • STOCKS east asia
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      Lock icon Wall St woes, oil price hike fears dampen Hang Seng
      2893 20 HONGKONG AFP Hang Seng -139.35 HONGKONG share prices fell 0.9 per cent yesterday, following declines on Wall Street and with investors fearing a possible rise in oil prices due to tensions in the Middle East, dealers said. The key Hang
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      Lock icon Nikkei hits 28-month low on Nasdaq fall
      2115 20 TOKYO AFP Q Nikkei 225 -66J0 TOKYO share prices sank 0.4 per cent to hit a 28-month low yesterday as a steep fall in the US tech-heavy Nasdaq, coupled with gloom over the Japanese economy, dampened investors' spirits, brokers said. The Tokyo Stock
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      Lock icon CHINA
      1088 20 AFP QShenzhenßlndex *22 CHINA suspended trading in hard currency B shares yesterday afternoon pending a regulatory announcement, spurring speculation among traders that the market will soon be opened fully to Chinese investors. Shanghai B shares surged 3.57 per cent to 83.20 before the suspension and Shenzhen rose 2.2 points
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,088 words
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      Lock icon TAIPEI
      374 20 AFP QWP Index -***** TAIWAN share prices closed 1.8 per cent lower yesterday following the Nasdaq's fall over the weekend, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 108.37 points to 5,937.30, on turnover of NT596.52 billion. "The market was mainly depressed by the Nasdaq's losses over
      AFP  -  374 words
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  • STOCKS klse
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      Lock icon Late support for blue chips stems KL fall
      441 21 AFX-Asia QOompwite Index ■333 SHARE prices closed off lows as late support for blue chips by local funds offset losses in the broader market led by technology stocks foUowing Wall Street's falls on Friday, dealers said. They said whUe some investors were
      AFX-Asia  -  441 words
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      8951 21 INDUSTRIALS Consumer products 2001 Last Vol Day Nat Cap High Low Company Sala '000 High Low P/E $mll 340 300 Ajinomoto 330 20 4 330 310 18.1 133.8 45 30 Angkasa 32 -8 21 34.5 32 47.2 342 286 Apollo Food Hlg 330 7.2 132.0 356 308 Asia File 340
      8,951 words
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      35 21 IPO. Shares. Bonds Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults In Singapore daily. The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-741-1883
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  • SGX clob & regional stocks
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      2757 22 BONDS A WARRANTS mw ■t Wntt mm/ u*n S2-«Mk Kit Vol Day ImMmO *n inm* Cam tier Mk iMa Hi# Law Cow piny Sato *ar- C000) Hi# La* toyer taSar frka (Marts) Katta Price <%) Lad 44 1 s Acma W*****4 1 0.5 1.5 1 41.0 1 300 473 52.50
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      Lock icon SEOUL
      307 22 AFP n Composite Indei jg THE Composite Index yesterday closed down 8.25 points at 596.67. Volume stood at 314 million shares worth 1.6 trillion won.—AFP FHTO Woo Anam Semi 4620 80 Brain Tech 660 55 Central Bank 170 unch CheilComm *****0 7500 Da* Cu Bank 1550 -15 Daesang Corp
      AFP  -  307 words
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      Lock icon MANILA
      292 22 AFP O Composite Index -15-96 PHILIPPINE share prices fell 0.9 per cent as investors took profits after a disappointing 2000 results of listed firms. The Philippine Stock Exchange Composite Index lost 15.96 points to 1,673.95. Volume rose slightly to 1.29 billion shares but value fell to 443 million pesos.
      AFP  -  292 words
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      Lock icon WELLINGTON
      265 22 AFP nMBE-40 +008 THE NZSE 40 Capital Index closed 0.08 of a point higher at 1,966.41 on volume of NZ544.3 million after being in negative territory most of the session. Telecom bucked the global sell-off in telcos although the counter began the day very weak.—AFP row ms cooo) Advantage
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      Lock icon SYDNEY
      553 22 AFP All Ordinaries -2190 AUSTRALIAN shares fell 0.7 per cent yesterday following a Wall Street inspired rout of local blue-chip stocks, brokers said. The All Ordinaries fell 22.9 points to 3,240.0, while the SP/ASX 200 sank 24.3 points to 3,291.4. The All Industrials dropped 42 points to 5,603.6, while
      AFP  -  553 words
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      Lock icon BANGKOK
      743 22 AFX Asia SET Index -436 SHARE prices closed lower led by banks and financial institutions in line with weak regional markets following Friday's fall on Wall Street and amid concerns over the price of oil after Friday's air attacks on Iraq, dealers said. The SET Index closed down 6.36
      AFX Asia  -  743 words
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      Lock icon JAKARTA
      728 22 AFP n Composite Index +3L06 INDONESIAN share prices closed 0.7 per cent higher yesterday with telecoms carriers Telkom and Indosat rebounding from early profit-taking, dealers said. The Jakarta Stock Exchange Composite Index closed up 3.06 points at 435.14 on volume of 346.92 million shares valued at 321.98 billion rupiah.
      AFP  -  728 words
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  • Article
    Lock icon STOCKS sgx
    9655 23 SGX M2UNB0ARD Transaction date: Feb 19 Gr Cr M Wt 52-Wk Last Vol Day Last Oust* Dlv Dlv YM Nat Cap A *9 Hiqh Low Company Sala COOP) High Low Buyar SaMar C'yr P/E Smll Price MULTI-INDUSTRY 153 51 m c Ac™ 50c 52.5 -2.5 384 56 51
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      77 24 Citibank and DBS join key financial publications in congratulating PSA on winning major bond awards. Citibank and DBS arc proud to have managed PSA Corporation's Asian domestic bond markets, ex-Australia and Japan. But even more landmark Ss6oo million 10-year bond issue. Not only was it the largest importantly, it received
      77 words
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      305 25 Where to wine, dine and entertain..." sa Ka£ tf4 Line dancing every Monday, where you'll swing to the same moves as other dancers! On Thursday and Saturday, we have free social ballroom dancing lessons. From Mon to Thur, drinks at bar prices and first drink charge of $12+++ on Fri,
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      53 25 f 1l I». *i~<- J* I 'Z ~*g>Z"/* r^a CHICKEN RICE IN THh GLITZ! Chatterbox Chicken Rice s the talk of town again... Come, savour Singapore's favourite dish and other delights anytime. Enquiries: 831 6291 %ypOsrf^ Cotter hoifroe ManAarut QQ Singapore I BP--333 Orchard Road Singapore *****7 Tel: 737 4411
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  • Page 25 Miscellaneous
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      844 25 LOO AM The Hunchback of fast. L3O S'pore Business Touentra* Notre Dame. 740 Headlines/S'pore Up- night/Tech News. H9.00 AM Kids Central: 240 Days of Our Lives. date. 240 Headlines Graphics. Blue's Clues. 3J5 Win, Lose Or Draw. 744 Traffic Update/Sports 2.02 To 6.00 am: Real-time 9.30 Nini's Tree House. 3.45
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    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 2
      316 25 CRYPTIC CROSSWORD ACROSS (3,2,3,4,3) llf s not on to be naked problem 6 Consistent company revenue for runner? (6) (8) 5 Getting ball in net no big deal in 7 Refuse to take year away from this game (8) Irish county (5) 9 A certain lapse may cause one 8
      316 words
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  • KNOWLEDGE economy
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      Lock icon In-house hothousing
      1045 26  -  Letting employees satisfy their entrepreneurial urges while on the job pays off for everyone, amma teo reports ANNA TEO SINGAPORE'S universities should look into establishing incubation centres to foster innovation and help unlock the entrepreneurial spirit of their staff and students, Deputy Prime Minister Tony Tan suggested in
      1,045 words
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      Lock icon Creating a stir on-the-job
      432 26 WE all know what an entrepreneur is, or what his key traits supposedly are. But what about "intrapreneurs" those who are happy to trump out some business venture within, rather than outside, their organisation? Exactly the sort the Henley-Incubator targets? Asked who or what makes an
      432 words
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      Lock icon Taking the leap into the life sciences
      1260 27  -  Does Singapore have what it takes to become a global player in this burgeoning new industry? choo eno chuam and Christina sob take a look at the Republic's scorecard on the critical success factors, and suggest seven tax incentives to woo the right
      AP  -  1,260 words
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      614 26 "j* t TflL 235 5232 wwwhafdrodccouug sinuafom: IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FURNITURE AFFAIRS PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the
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      487 26 IN THE MATTER OF THE COMPANIES ACT, CAP 50 IN THE MATTER OF S C Wlrecom System* Pte Ltd (Incorporated in Singapore) (In Members' Voluntary Liquidation) and Orange Net (S) Pte Ltd (Incorporated in Singapore) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and
      487 words
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  • New Asia Biz Woman
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      Lock icon Arab women sports set for change
      801 28 Sportswomen themselves are keen on a greater role in the global arena [DUBAI] MARTINA Hingis and Mary Pierce did not exactly blaze a trail for feminism when they played in the first women's tennis tournament in the Gulf region this week. But they were
      AFP  -  801 words
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      119 28 OBSESSED WITH GOLF? Ki NSRt. 't' ia v .»,j* <1 S«kaX GOLF-A-HOLIC HOLIDAY PACKAGES FROM $558* Includes return airfare, accommodation and golf. Receive one complimentary massage after your golf game. SO WHAT ARE YOU DOING THIS WEEKEND? CHIANG MAI KUNMING PHUKET $618 $1048 $558 3D/2N 4D/3N 3D/2N HOLIDAY PACKAGES MUST
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      207 29 Reuters THE Baltic Dry Index (BDI) rose eight points to 1,461, the Baltic Panamax Index (BPI) gained 13 points to 1,535, the Baltic Handymax Index (BHI) fell 12 points to 8,851 and the Baltic Capesize Index (BCI) was up 11 points to 1,863. TIME-CHARTER: ♦Erradale (built 1994) 163,500
      Reuters  -  207 words
    • Article
      Lock icon MARITIME STOCKS
      308 29 sex 'ooo Fe»W g V«l CWT Distribution 0.49 uncti 5 Chuan Hup 0.37 unch 380 Cosco Investment—0.18 -0.01 134 Freight Links 0.11 0.01 357 GB Holdings 0.47 unch 0 IMC Holdtags-HK 5.60 unch 0 Jaya Holdings 0.15 -0.01 t13 Keppel Corp _3J0 -0.02 250 Keppel FELS 1.02 -0.01
      308 words
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      Lock icon Outcast Castor's 40-day ordeal close to end
      549 29  -  Tanker's plight highlights issue of ports of refuge By] Donald Urquhart [SINGAPORE] After 40 days, seven flag states, 1,000 km and a force 12 gale, the saga of the outcast tanker Castor is finally nearing a quiet end after the successful off-loading of
      Source: Fairplay  -  549 words
    • Article
      Lock icon New shipping recruitment firm set up in London
      170 29 [LONDON] A new shipping recruitment firm has been formed in London. Headway Recruitment is, according to its founders, "a new kind of recruitment consultancy for the maritime industry". Headway will initially focus on five major areas of the industry: bulk and liner
      170 words
    • Article
      Lock icon P&O Princess slips into loss in fourth quarter
      482 29 Bloomberg [LONDON] P&O Princess Cruises pic, the world's thirdbiggest cruise ship operator, said it fell to a fourth-quarter loss as it offered more discounts to passengers and as higher fuel prices boosted costs. The London-based company lost US$3.4 million (555.92 million), or
      Bloomberg  -  482 words
    • SHIPPING news
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        Lock icon EC unveils plans to open ports to competition
        387 30  -  Policy to apply to ports handling more than three million tonnes or 500,000 passengers a year Reports from David Hughes in London THE European Commission has officially released details of its plans to open up port operations such as pilotage and stevedoring
        FILE PHOTO  -  387 words
      • Article
        Lock icon Finalised condition assessment scheme in sight: Intertanko
        379 30 INTERNATIONAL tanker owners' organisation Intertanko says that a finalised plan for the proposed Condition Assessment Scheme (CAS) under the new single hull phase-out Marpol rides is within sight, following a three-day IMO inter-ses-sional meeting on the subject. The aim of the meeting was
        379 words
      • Article
        Lock icon Odfjell slips into the red
        168 30 NORWEGIAN chemical tanker specialist Odfjell has reported a loss of US$l2 million (5520.79 million) for last year, down from a profit of US$l6 million in 1999. Much of this was due to a slow start to the year, and overall turnover was up from US$55l
        168 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      179 30 PAGE Appenship 5 Assets 5 Austral 6 Balaji Shpg 5 BSA 7 B'tang Mas 6 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 Central Ex 6 ChoYang 5 China Shpq 5 Cougar 7 Columbus 6 ft CWT Globe I in* 7 Delmas 4 DiakUoyd 6 Dongnama 3
      179 words
    • Article
      Lock icon SHIPPING GUIDE
      10732 36 THEBUSINESSTIMES EXPORT TUESDAY, FEBF ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 21/02 03/04 Delmas SAUDI YANBU Y4IW 65-*****44 28/02 14/04 COSCO HUMEN BRIDGE 0013W 65-*****00 06/03 10/04 Delmas VILLE DE MIMOSA V42W 65-*****44 07/03 14/04 COSCO EMPRESS
      10,732 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        675 38 Vessel Voy No Berth Arrival Departure JVN| Pwt Spc Capricor 27 J12 19/02/6:20 19/02/1900 Tq Johor 18 V2»3r J09 19/02/8:15 20/02/6:30 Bait Knar Oke 119 J16 19/02/8:40 19/02/19:00 Taichinh 1 2A/01 J03 19/02/9:10 19/02/2100 Winstar 2 021S01 J03 19/02/7:10 19/02/2100 Bayswater118 M1049 J02 19/02/905 19/02/1600 Royal Freigh 31
        675 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1984 38 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclng/Balanc* Rstls Ship Voy No Etb/Btr Period From To From AC* GARNET 24N ?0/8:00 B N/600 B/1659 B/BOO 2A 18/1700 19/0659 19/0900 21 a/1700 19/0659 19/0900 3 19/0700 19/1159 B/MOO 4 19/1200 19/1459 19/1700 ACIMAGNOLIA 034A 20/030 N/600 WB59 a/1900
        1,984 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        566 38 Carton 180 Mm 986.5 0.4 15.9 0.06 42 0.03 Fate Density Water Residue Ask Aluminium Sediment No above E25 0 0 1 0 0 0 %M/M 380 Ave 985.6 0J B.I 0.06 28 0.01 Eum 380 Max 989.7 0.7 15.5 0.09 54 0.03 Wiri »M/» M/M
        566 words
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        Lock icon GLOBAL HOLIDAYS
        201 38 Feb 23 Brunei: National Day. Marl South Korea: Independence Movement Day. Mar* Brunei: Hari Ray a HajiIndonesia: Idul Adha A.H. Malaysia: Hari Raya HajiSingapore: Hari Raya Haji. Mar 17 Ireland: St. Patrick Day. United Kingdom: St.Patrick's Day. Mar 20 Japan: Vernal Wquinox Day. Mar 21 Mexico: Benito Juarez
        201 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        799 38 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        799 words
    • AIR & LAND transport
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        Lock icon Qantas expected to report flat profit for first half
        517 39 Aussie carrier facing higher fuel charges, weak currency and competitive domestic market Reuters [SYDNEY] Australia's biggest airline Qantas Airways is widely expected to unveil an uninspiring batch of firsthalf results on Thursday, as it grapples with higher costs and a hostile
        Reuters  -  517 words
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        Lock icon Sabena pilots accept restructuring plan
        284 39 AP [BRUSSELS] Sabena's pilots have agreed to accept a costcutting deal designed to save Belgium's struggling national airline. An assembly representing the airline's 1,100 pilots on Saturday voted to back a deal their negotiators struck with management last Friday on a 52 million euro (5582.16
        AP  -  284 words
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        Lock icon Eurotunnel trims 2000 loss to 1.13b francs
        209 39 Reuters [PARIS] Anglo-French Eurotunnel said yesterday it slightly trimmed its 2000 operating loss after financial costs to 1.135 billion francs ($158.5 million) from 1.270 billion francs in 1999, despite a small dip in turnover. The cross-Channel rail tunnel operator posted a net loss
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        Lock icon Air New Zealand's H1 profit set to plunge
        306 39 Reuters [WELLINGTON] Australasian carrier Air New Zealand is set to post a first-half result reflecting one of its toughest periods in recent times, analysts said yesterday. The airline has been moving to integrate the operations of the former Air New Zealand and
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        Lock icon Atlas Air to revamp structure to holding company
        234 39 Bloomberg [PURCHASE, New York] Atlas Air Inc, the largest carrier of freight for other airlines, said it will change its corporate structure to a holding company to allow more flexibility if it decides to make acquisitions. The change, expected to take effect
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      • LOG Book
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          Lock icon HK airport's Jan passenger traffic up
          99 39 Reuters (HONGKONGJ Hongkong's Airport Authority said 2.86 miliion passengers passed through the Hongkong International Airport in January, an increase of 18.9 per cent from the same period a year earlier. But it said cargo throughput fell 12.4 per cent to 142,000 tonnes in the
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          Lock icon Hainan Air to transfer debts to parent
          102 39 AFX-Asia {SHANGHAI] Hainan Airlines said parent company Hainan Airlines Group will assume responsibility far the repayment of 1.03 billion yuan <8*215.2? million) in debts owed by Hainan Airlines to the Industrial and Commercial Bank of China. In return, Hainan Airlines will write off
          AFX-Asia  -  102 words
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          Lock icon TWA pilots support American Air deal
          127 39 Reuters {ST LOUISJ Pilots for Trans World Airlines said they supported American Airlines' plan to buy their troubled airline, calling the deal a "win-win situation". The 2300 pilots at the eighth-largest US airline said American's plan was a good one because it would secure
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1795 39 an FUBtr m fuow n» MrtMl M6229 2230 LH6360 2230 W» 2230 AmsttrtM SO23 0640 6A974 0120 KL0637 1535 KL0644 0125 K***** 2330 SQ24 2340 iBhllllrtil WOO 0635 mm S0347 QMS $0341 22S5 Auckland NZ23 *50 *****05 2045 S062S2 *50 SO285 2045 W4266 2020 SOm 2020
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    • WORK BOAT WORLD ASIA 2001
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        Lock icon Ships ahoy!
        599 40 Following a successful launch in 1999, Work Boat World Asia is back with a bigger and better show. With 90 exh i b i to r s booked for 150 stands at Work Boat World Asia 2001 an increase of 66 per cent from 1999 this year's event
        599 words
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        Lock icon Making waves through building quality ships
        770 41  -  With its sophisticated equipment and a goal to please, Yantai Raffles Shipyard is poised to become one of the world's finest. By I Felix Siew Yantai Raffles Shipyard, which is located in China, is interested in building long-term relationships with its clients. And to
        770 words
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        Lock icon In the works
        268 42  -  Rough seas? Deep waters? No problem. Here's how one company has made technology work for them. Article contributed by Roger Poh Roger Poh, business development manager, Miclyn Holdings Pte Ltd. As more oil is being creasi n g 1 y depleted from the ocean floor, oil rigs
        268 words
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        Lock icon Lean, mean (river) cleaning machine
        486 42 Meet Clean Cat it skims the water surface collecting floating debris. She cleans our waters. She uses clean energy. She is a catamaran. She is the Clean Cat. Exhibited just last week at the Ngee Ann Polytechnic open house, the 5-m long and 2.3m wide
        486 words
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      194 29 JISL CAMBODIA SNIP REGISTRY ilpi "WORLD'S Ist ONLINE VESSEL REGISTRATION" We provide offer: most competitive fees no restriction on nationality of ownership/crew fast and simple one-stop service for registration 24-hour efficient service, 365 days a year up-to-date maritime laws regulations Operational Headquarters do Cambodia Shipping Corporation Pte Ltd. 10 Anson
      194 words
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      701 30 fMf*ntyr 1 i NORTH AMERICA GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) IQULF KARACHI EXPRESS <QKX) ji J VTSSEI VOY LGB "l HUANG VKSBL VOY« DMN MB SM OOCL AMERICA W 25/02 17/02 4 75/07 PIO NEDUOYD APAPA OH 21/02 22/02 24/02 04/03 00a CALIFORNIA 51W06 14/02 04/03 0«/03 KO NIDUOYD
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      793 30 Members of the Singapore Logistics Association Lines services represented by Members of the Registry of Accredited Shipping Agents, x°t»Y 2s Singapore Shipping Association 3 LILY IMB MALI Ivbsh. Tvoir pn* Tra eta P. RUNG SPORE MALI Empress Lily VO3Ol 12/03 13/03 20/03 Princess Lily VO2Ol 23/03 24/03 03/04 Princess Lily
      793 words
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      1183 31 SAX SERVICE (DIRECT) VtSSEL VOT SIN ETA LAX OAK DAI HOU CHI COt MEM ATI NYC API SARDONYX 026E 17/01 01/02 05/02 OS/02 05/02 05/02 05/02 05/02 06/02 06/02 API TURQUOISE 040? 24/01 OS/02 12/02 12/02 1 2702 ItyM ltyM 12/02 IVO2 13/02 API JADE 026E 01/02 15/02 19/02 19/02
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      1744 31 TO: COLOMBO 1 EVERY MONDAY I (I/T: 4 DAYS) J I GENERAL AGENTS IN SINGAPORE: 80 ROIINSON RD TEL 226 1900 FAX; *****01 OUTWARD (B/L) *****02 JOHORE OFFICE: COSTAR SHIPPING PTE LTD #12-00 SALES/IKGS *****57/43 INWARD DEFT (D/ 0) *****86 COSTAR AGENCIES (M) SDN BHD CR NO; **********0 M SINGAPORE
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      432 31 mnmmi qui \w r\/n am Bpkan Hi M jjs 22/02 MASOW 45S 11/01 10/01 4SM 21/01 15/01 17/01 04/03 01/03 01/03 CUmiOMEK IO3S M 2 27/02 01/03 WKWSOI 103S 23/02 01/03 04/03 10/03 04/03 07/03 L|^^^^^=j=sagJß|sgßa|gat= BflUgßgS 103S 15/01 17/01 103R 11/01 04/03 04/03 13/03 09/03 M/ 03 W W
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      1684 32 SENATOR LINES TO UK/CONTINENT TOMETWrreRRANEAN/USEASrCQAOTALLWA'nHt VESSEL VOY SIN LEH HTM AHB NAM BRV FU VESSEL TOY "sST* GfT SPE FOS VIC NYT] HAfUINPARIS 0019W 20 02 09 03 10 03 12 03 18 03 19.03 20 03 CHOYANGCHANCE 0941W 25.02 14.83 It.H 1113 2113 llil HANJIN SAVANNAH 0087W 23 02
      1,684 words
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      822 32 IftAl MAC-NELS S'POftE M'SIA frTrTTj Carrier: MN Cuvviii LINES, NIC p. oudano: (07)*****26 MW VJ«»I»1M«7I0008I 98U: (064) *****9 MAMLA: (632) *****24 PENANG. (04) *****36 BANGKOK: (682) *****67 SURABAYA: (31)*****11 P KELANG: (03) *****77 JKT. (21)*****46 KUOWQ (082) <*****-3 PENANG LAEM tHABANG MV "BUNGA MAS SATU" V.102S MV "ASIMONT" V.L8045 ETA
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      683 32 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N.SHEVA (CFS MULUND, MUMBAI) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN 1.C.0. POINTS Vmsel S PORE N SHEVA COCHIN COLOMBO P.KLANG TULSIDAS Vl3B 25 FEB 06 MAR 09 MAR 12 MAR 16 MAR FRONTIER VIO6W 04 MAR 13 MAR 16 MAR
      683 words
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      1463 33 I VESSEL VOY KHH HKG SIN I PKL DXB BAB DMM MK IRAN KERMAN PCL-194 13/02 14/02 17/02 18/02 25/02 26/02 28/02 02/03 IRAN ISFAMAN PCL-195 20/02 21/02 24/02 25/02 04/03 05/03 07/03 09/03 IRAN HORMOZGAN PCL-196 27/02 28/02 03/03 04/03 11/03 12/03 14/03 16/03 IRAN TEHRAN PCL-197 06/03 07/03
      1,463 words
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      345 33 4 k I Loading for 1 OCEAN ISLAND RDM/ATW/BMN/UK I Loads Singapore. EVW. Malaysia. Indonesia J Loading for LOK KRANTI JDH/AQA/ADN ARETE JDH/AQA/DMT BAN ANN DBVABU/DOH/BRN/DMM/KWT SAFEER JDH/AQA/DMT 'Loads Singapore, EVW Malaysia, Indonesia ILoadingfor 1 TAICANG HAI VCB/VCW/LAX/MZL I OCEAN GOLD CAM/NFK/SAV/NOL I ROJAREK NAREE VCW/RCH/LAX/MZL I 'Loads EVW. Malaysia,
      345 words
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      1724 33 EimOPi EXPRESS SERVICE EXPORT IMPORT vissa I vot |s« lia rtm I anr I ham l ohv jhi vksb I vot rim ham Ifu leh sin HJ PARK 019W 20/02 01/03 10/03 11/03 12/03 13/03 14/03 HJ WASHINGTON 0311 01/02 03/02 05/02 08/02 25/02 HMM _:i*****/O2 16/03 17/03 U/03; 19/03
      1,724 words
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      1214 34 MEDITERRANEAN/BLACK SEA/EUROPE SERVICES EXPORT VBsa/vowa Isw lao vuijoe jnu rdm jwv fur Tzh QURSSESOOBSDObW 2MB 09/D3ll/03 IVD3 IMB IMB IMB IMB 19/TD IJ UMTH) 0084-045*1 OMB IWO IMB 20/03 22/03 21/03 2MB 2MB 2MB DIIKQBKXISaXW 11/03 2MB 3MB Ml OMM IjWMMMjR IMB 30/0301/04 (B/W OMH OMM OMM OMM 09/04 01MIT
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      1045 34 MNOKOMW TA PHUT/UMM CHMMW vcsa VOT ISI IMB I iff I 101 vcsa I VOT I SI MI I PJN MATHUIHIir- SOW 71/0? 74/07 AfIBUS 4m 71/1» 73/07 _2iZQ2 S3HI_ H/B ?V« 74/07 m Aim muM" A km ?i/o? n/m n/m BiwtGaorf oso I ?s/Q? n/o? OmmHUM 147N 74/03 71/07
      1,045 words
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      488 34 INDONESIA NATIONAL LINE TO AUSTRALIA "H PULL COWTAiiil aeWiCE va wt_ m m m m mi a b NTinw oss oar v/n os/ra 11/0313/03 14/03 KMMBMX "ST tS/03 04/03 U/VII/DH/U 73/03 mwarr 3ss u/0313/03 w/os~ is/03 vm 30/0 POfSDM 075 H/1310/83 30/03 01/ M 03/04 tt/M FEEDER SERVICE TO INDONESIA
      488 words
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      404 35 BSfl 4, vfUpk MYANMA pHBk FIVE STAR LINE (MyaMar Notional Line) 1 Loading for Yang or VESSEL VOY SM PU PEN PGU PAGAN 290W SU) •AGO 110W 23/0? MALAYSIA AGENTS: lOUSTEAD SHIPPING AGENCIES KUL m 03-*****00 PKL TIL 03-3176*101 POt Ttt 04-*****02 PGU: TH 07-*****21/4 BANK LINE (A service el
      404 words
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      1252 35 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. IYBSB VOY m SOU I IB< I RTM I ANT I HAM I BRV VOY SOU |La| MM ANT HAM 88V Ml HYADMMAL *331W 22/02 12/03 17/03 14/03 15/03 HYIAMN *330E 29/01 03/02 31/01 01/02 22/02 APLMIS *022W 23/02 16/03 17/03 11/03 13/03 APLCYPRfR
      1,252 words
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      673 35 vtito WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" I VESSEL VOT RAMP HOGHT SIN I UC MAO NUA SAV Ml ORF NYC NEW MOI TAMO AH 105 4001 ms tJM ***** 05/04 08/04 10/04 12/04 UToT 15/04 19/04 20/04 TOURCOMG AH 106 4001 m 6JAR 09/03
      673 words
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  • Page 38 Miscellaneous
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      130 38 legend Issued by Meteorological Service Singapore K Thunderstorm A Showers R a j n Temperature wind direction and speed in knots r. Weather w Cloudy Day c> f Haz y Sea Conditions Wind speed symbols i 1 O Full circle w/o line indicates calm or light and variable winds j
      130 words
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      158 39 I GLORY SHIP MANAGEMENT PTE LTD Due to our recent fleet expansion programme, we invite suitably qualified and experienced personnel for the following new position/appointment:Preferably, with previous experience as Master or Chief Officer of tankers involved in the carriage of clean/dirty petroleum products, vegoils or easy chemicals. Preferably, with working
      158 words
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      205 40 I lat 1 I' l Milaftii win '"I" 1 > y"l i''llHi'lb m II 1 ml Pli jl^^hbhßal f The premier offshore builder...... II Recent Projects; T www.yantai-raffles.com One (1) unit 160mt CALM Buoy K One (1) unit 190mt CALM Buoy y^MQHB\ Ten (10) units 30.0 m to 36.0 m
      205 words
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      155 41 Corroseal Rust Converter Primer eliminates the need to sandblast (environmentally unfriendly) by converting rust from iron oxides to magnetite, FE3O4, a black inert substance and at the same time primes the metal surface for most top coats including oil based, epoxy, urethane paint. It is used widely in the marine
      155 words
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      149 41 UNDERWATER FOR 5V2 DAYS THE WORID S TOUGHEST, PROFESSIONAL SUBMERSIBLE WAT^ RTIGWT FLASHLIGHTS WORKUGHTS PROTECTOR CASES I fCLJI SIN HUP SENG HUAT CO. (PTE) LTD I Blk 1 Rochor Road, #03-564 Rochor Centre Singapore *****1 I E-mail: namhengeGmagix.com.sg 3ni Website: http://namhenge.com.sg I estmsw Tel: (65) 292 7091 Fax: (65) 291
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      107 42 dhao JCm.l <Sdn. J3k?. IB .Jmlm^m|pr hhhhhuhhihhhphii^^^^^^^^l RTl7373imVß7U|T|j7vS^^^^^^^^H ifc- i I ?*J »I«M?, M Engine: 2 x CAT ***** 2400 HP 1 ....v.vCMf S I -r Passengers: 268 «i... Shipowner in Philippines r ■Urt ffIiIWiIIJLLLUM <■ Length Overall: 29M I < iA M. Engine: 2 xYanmar 1200 HP Bollard Pull:
      107 words
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      28 42 TUNNEL THRUSTER RUDDER PROPELLER O ROTOR RUDDER AZIMUTH JET D-***** Hamburg MARINE HYRAULIC STEERING GEARS Tel: +49 40 725 601 0 En ®opF lEla ELECTRONIC CONTROL SYSTEMS "l
      28 words