The Business Times, 23 February 2001

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Total Pages: 50
1 50 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES MITA (P) 028/12/2000 SINGAPORE Internet: http://business-times.asial .com.sg/ FRIDAY, FEBRUARY 23, 2001
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  • Article
    Lock icon MARKET SUMMARY
    74 1 Dsn 1,944.62 (-16.60) BT-SBI 80X57 (-7.57) ST INDEX FOTUKES 1,955 (-17.00) nSIMSCI FDTDBES mm 24&50 (-2.00) STOCK MARKET INDICES Thursday Change KLSECOMP 713.48 +156 NIKKEI 225 13,***** -26.72 HANG SENG 15,098.64 -252.87 SET INDEX 309.02 -151 JAKARTA COMP 437.03 -2.87 MANILA COMP __1.641.06 -13.81 TAIPEI WPI §,759.04 -*****
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  • Article
    Lock icon FINANCE
    76 1 FOREX RATES us$ s$ US$ (S$ per USS) 1.743 £(l'S$/S$ per 1.443 2516 EURO(USS/SS/E) 0.909 1.585 DM 2.152 1.234 YEN 116.2 66.60 RM 3.800 2.180 HKS 7.800 4.475 HAHT 43.03 24.68 Ht'PlAH 9,628 5,523 PRIME RATES SINGAPORE* 5.80 KUALA LUMPl'R 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.00 HONGKONG....... 8.50
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  • Article, Illustration
    Lock icon MTI sticks to its 5-7% growth forecast
    800 1  -  Q4 2000 GDP growth surged to 11%, half a point higher than early estimates By Anna Teo [SINGAPORE] The downside risks may have risen sharply in recent months, but the government is maintaining its forecast of 5 to 7 per cent growth for
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  • Article
    Lock icon Minorities vote down F&N's gratuity plan
    600 1  -  Brierley could have provided swing vote that smothered the proposal: sources By. Angela Tan [SINGAPORE] Minority shareholders of Fraser Neave Ltd (F&N) yesterday threw out the group's controversial proposal to pay gratuity to its retiring non-executive directors in an animated Extraordinary General Meeting (EGM)
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  • Article
    Lock icon MAS to maintaon modest appreciation policy for S$
    1164 1  -  Some analysts see US$ back down at 551.71 by year-end By' Larry Wee [SINGAPORE] The Monetary Authority of Singapore will maintain its current stance of a gradual and modest appreciation of the Singapore dollar in trade-weighted terms, contrary to broad expectations of
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      95 1 INSIDE Top Stories S'pore to help train Indon seafarers. Shipping Times Pg 1 M'sia to list KLSE, re-introduce regulated short-selling of stocks. Next Page Banks fight shy of Hjnif] rupiah remittance service. Next Page mL 111 Weak IPO prices partly due to quality of offerings: MAS. Pg 6 YHS M'sia
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      31 1 5%-7% growth plausible, but...,Pg4 More reports, Pg 4,5 Centrepoint prices Compass Heights 8% below rival's, Pg 11 Win $1,000 worth of shopping vouchers find out how in The Business Times tomorrow
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      119 1 EXECUTIVE LIFESTYLE Special delivery Arranging adoptions for childlcss couples in Singapore r.mr 1 Thomson Medical Centre's CEO unveils plans to overhaul hospital a \uj .•> For a little exercise, just turn your Reverso lilpßK' jjl rm |5f of the Reverso Gran' Sport is fin ;jpi all the action you need.
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      6 1 BIAS'S Monetary Policy Statement, Next Page
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Bonus for golfing fans
        148 2 IT is going to be a dream weekend for golfing fans this week. Not only will they get to watch PGA heavyweights like Vijay Singh and Colin Montgomerie battle it out for the US$B5O,OOO purse of the Caltex Masters at the Bukit Course, there is also
        148 words
      • Article
        Lock icon Words, words, words
        52 2 MICROSOFT seems to have a new component of its best-selling office productivity suite. According to Packard Bell's ads on two consecutive Saturdays in The Straits Times, their computers sold in Singapore come bundled with "MS Words 2000". Wonder if this is an improvement over the regular Microsoft
        52 words
      • Article
        Lock icon From losers to winners?
        51 2 EARLY this week, BT Online ran a poll on investment funds. Readers were asked whether this year's worst-performing funds will be next year's winners. Here are the results: Yes, markets are cyclical 20.9% No, a bad manager will always perform badly 32.5% It's hard to predict
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    • Article
      Lock icon 10-yr plan for KL capital market
      990 2  -  Exchanges to be merged and listed, more foreign participation Froml Diana Oon Abdullah in Kuala Lumpur MALAYSIA is set to list its stock exchange, re-introduce the controversial system of regulated short-sell-ing of stocks, and allow greater foreign participation in its capital markets as part
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    • Article
      Lock icon Banks fight shy of rupiah remittance service
      566 2  -  Non-bank firms offering such a service expect business boost By] Rachel Ong [SINGAPORE] Firms offering remittance services are looking forward to a big jump in their business as local banks become more reluctant to handle rupiah transactions. Since the Indonesian central bank's recent
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    • Article
      Lock icon Extract of Monetary Polity Statement
      304 2 We reproduce below an extract of the Monetary Policy Statement issued by the Monetary Authority of Singapore yesterday. IN July last year, the MAS announced that it was prepared to allow a gradual and modest appreciation of the Singapore dollar on a trade-weighted basis. The
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      399 2 Budget Seminar 2001 28 February 2001 (Wed) w w w 1.30pm to 5.30pm J i Singapore International Convention Exhibition Centre Auditorium, Level 3 ifl I*2 i > mS W He > 4 Finance Minister Dr Richard Hu will present the 2001 Fee: $80 (incl. GST) for clients of Ernst Young
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      492 3 mm I Cathay Pacific I U*****,500,000 I I '<-' Y, m Rfcir I I Bill KLfW I I I I *jjlmmk'' f* v *3!Sr J MEASAT I T -'*M^iivfr' vi *'J Broadcast Network Systems Sdn. Bhd. vj> H v iM I *«HBa m fit I I I ussBo,ooo,ooo *p I
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  • ECONOMIC survey
    • Article, Illustration
      Lock icon 5%-7% growth plausible, but...
      717 4  -  -I I comment ECONOMICS There's an even chance that the growth forecast will be revised later y^ar vikram khanna YOU can't but be a little surprised that after all the recent gloom about the US economy, and especially the slowdown in technology spending, the Singapore government
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    • Article
      Lock icon Manufacturing grows 15.2%, led by electronics
      582 4  -  Sector's performance this year hinges on severity of global electronics downturn Reports by Eugene Low SINGAPORE'S manufacturing sector put up a strong performance last year, expanding a robust 15.2 per cent and attracting a record 559.2 billion in fixed assets investments. In the fourth
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    • Article, Illustration
      Lock icon A fine balance
      169 4 When it comes to resilience, the Singapore economy has much going for it. As Tan Kong Yam, MTl's chief economist, says, it has not just manufacturing, but also financial and business services, commerce, and transport and communications. As such, it is 'like a table with four legs'
      Source: MTI/DOS  -  169 words
    • Article
      Lock icon S'pore's increased FDI in Malaysia boosts trade
      323 4 THE rise in Singapore's foreign direct investment (FDI) in Malaysia has helped boost trade between the two countries, the Ministry of Trade and Industry (MTI) said in its economic survey. "Since 1996, manufacturing FDI by Singapore-based companies in Malaysia has been on an
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    • Article
      Lock icon Labour productivity rises a healthy 5.6%
      379 4 LABOUR productivity continued to grow at a healthy rate rising 5.6 per cent last year, figures from the Ministry of Trade and Industry show. Excluding the construction sector, which remains in the doldrums, productivity growth came to 5.8 per cent. Boosted by the electronics
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    • Article
      Lock icon Construction output expected to grow 3-5%
      518 5  -  n>j. Andrea Tan THE building and construction sector, which has languished since the Asian economic crisis, remains one of the laggards of the economy. And while Ministry of Trade and Industry's latest economic survey paints a picture of slow recovery, construction firms are not
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    • SURVEY Briefs
      • Article
        Lock icon Nominal GDP up 12% to $159b
        85 5 SINGAPORE'S nominal gross domestic product (GDP) grew about 12 per cent to $159 billion last year. Including the output of overseas Singaporeans and other "net factor income" from abroad, gross national product (GNP) in nominal terms rose 11 per cent to $170 billion. Per
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      • Article
        Lock icon Total demand rise highest since 1994
        65 5 TOTAL demand grew 14 per cent last year, the highest increase since 1994. External demand, which accounted for 79 per cent of total demand, grew 15 per cent and remained the key source of growth. Domestic demand was also robust with 11 per cent
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      • Article
        Lock icon GDP deflator up 1.8% last year
        84 5 THE GDP deflator, which measures the price level of economic value-added, rose 1.8 per cent last year. Higher output prices in the manufacturing, wholesale retail trade, hotels restaurants, and business service sectors, contributed to the increase. The public consumption expenditure deflator chalked up a
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      • Article
        Lock icon Balance of payments at $11.8b
        59 5 SINGAPORE'S balance of payments strengthened to $11.8 billion in 2000. Capital outflows decreased to $281 million, while the financial account deficit shrank by $11.3 billion to $19.7 billion. Portfolio investment outflows widened, though, to almost $24 billion. The overall surplus contributed to the jump in
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      • Article
        Lock icon 'Vibrant' growth in transport sector
        98 5 ALL segments of the transport and communications sector saw "vibrant" growth last year. The airport handled a 12 per cent jump in air cargo, and 10 per cent rise in the number of air passengers. The volume of sea passengers also picked up by 11
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      • Article
        Lock icon Euro depreciation trims bilateral trade
        65 5 WHILE Singapore's trade and investment links with the European Union have not been directly affected by the introduction of the euro, the currency's depreciation since its launch has reduced bilateral trade because of both price and income effects. But Singapore's trade balance with the EU
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    • Article
      Lock icon Financial services seen maintaining growth
      752 5  -  Boost expected from commercial banking, fee-based activities and insurance sales By\ Siow Li Sen FINANCIAL services, which rebounded last year, are expected to maintain their level of performance this year, underpinned by commercial banking, fee-based activities and strong insurance sales from the liberalisation of retirement
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      265 5 A. V" I~L f j ~'~J IV M r# Ic i =-i \d%\^l'-x\ rf V7~. *r r i PrnM :i ,£j i': Join Asia Miles and earn 5,000 FREE Asia Miles Don't miss out on FREE flights! Join Asia Miles v today at www.asiamiles.com and when you fly with any
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Weak IPO prices partly due to qualify of offerings: MAS
      550 6  -  And proliferation of listings could have cansed oversnpply of riskier stocks, its economists add B U Siow Li Sen THE quality of IPOs may have been an important factor in dampening their prices last year, while the proliferation of listings
      Source: MAS  -  550 words
    • Article
      Lock icon YHS M'sia to acquire S'pore parent's assets for $34m
      339 6  -  Original price was $58m, massive change dne to YHS M'sia's price fall Prom Eddie Toh in Kuala Lumpur SINGAPORE'S Yeo Hiap Seng Ltd has been forced to slash the sale price of its food and manufacturing business to its listed Malaysian
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    • Article, Illustration
      Lock icon Creative takes measures to cut operating expenses
      409 6  -  UH exclusive One priority is reducing power consumption By David Boey CREATIVE Technology Ltd, the world's largest maker of computer soundcards, has put in place energy-saving measures to rein in operating expenses. Company insiders told BT that Creative's staff at its headquarters at
      FILE PHOTO  -  409 words
    • Article
      Lock icon Serial's Goh plans legal action against Chow
      311 6  -  By\ Siow Li Sen THE row between Serial System chairman Derek Goh and former group operating officer Larry Chow intensified yesterday, with Mr Goh threatening legal action against his former company colleague. Mr Goh issued a statement last night saying he has instructed
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    • Article
      Lock icon Royal Clicks a 'cornered'or tightly-held' stock?
      588 6  -  locksiew r sivanithy TWO weeks ago, this column discussed what it means if a stock is "cornered" or if a "false market" exists. In that discussion, we questioned whether speed of movement is the defining requirement after all, the faster a counter shoots up,
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    • Article
      Lock icon Great Eastern's net profit falls 19% to $180 m; misses forecasts
      670 7  -  Poor investment income cited; core insurance ops post 32% pre-tax growth to $189 m Ry\ Serena Ng INSURER Great Eastern Holdings (GE) saw a 19 per cent slide in its net profit for 2000 to $180.1 million, falling short
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    • Article, Illustration
      Lock icon Venture's swanky results venue sign of sterling numbers?
      437 7  -  By. David Boey VENTURE Manufacturing's decision to shift its results briefing from its premises in Ang Mo Kio industrial park to a swanky ballroom at a five-star hotel has fuelled talk the company could stun the market with its full-year results. The
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    • Article, Illustration
      Lock icon Del Monte profit falls 18% to US$34.8m
      428 7  -  Weaker prices in US, Enropean markets cited liy] Rachel Ong MAINBOARD-LISTED Del Monte Pacific said yesterday its profit fell to US$34.B million (5560.6 million) last year from U5542.6 million in FY1999, a drop of 18.3%. Turnover also slipped, to U*****.4 million from U*****.9
      RICHARD CHNG  -  428 words
    • Article
      Lock icon Multi-Chem net profit up 16% at $9.1 m
      289 7  -  By Liew Hanqing PRECISION drilling specialist Multi-Chem Ltd yesterday reported a 39 per cent jump in its turnover from $21.6 million in 1999 to $30 million in 2000, but is bracing itself for the current year. The mainboard-listed company saw its net
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    • Article
      Lock icon Chuan Hup interim rises 8.6% to $29.7 m
      551 7  -  It considers keeping PCI if that boosts shareholder value w David Boey CHUAN Hup Holdings Ltd, a mainboard listed marine transportation group, has proposed paying a 4 per cent tax-exempt dividend as a "reward to shareholders" after its interim earnings rose 8.6
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    • Article, Illustration
      Lock icon Wai Keung made Raffles Hldgs deputy chairman
      237 9 LISTED Raffles Holdings Limited (RHL) has appointed Cheng Wai Keung its deputy chairman. Mr Cheng, 50, is chairman and managing director of Wing Tai Holdings, a main-board-listed property developer with a diversified portfolio of businesses in hospitality, apparel, food, and architectural products. His
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    • Article
      Lock icon Changes to DBS50, Straits Times Index
      152 9 SINGAPORE Press Holdings and DBS Bank have announced changes to their widely followed stock indices. Upon its delisting today, Shangri-La Hotel will cease to be a component stock of the Straits Times Index, index publisher SPH said yesterday. SPH did not announce an immediate
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    • Article
      Lock icon Innovalues launches IPO at 35¢ a share
      276 9  -  Byi Adeline Chuah INNOVALUES Precision Ltd launched its initial public offer of 15.4 million new shares yesterday, with the offer shares priced at 35 cents each. The total share offer represents 21 per cent of Innovalues' enlarged share capital. This comprises a public
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    • COMPANY Briefs
      • Article
        Lock icon Omni unit partners Olympus arm
        96 9 Reuters SINGAPORE electronics contract manufacturer Omni Industries has been appointed a manufacturing partner for a unit of Japanese camera maker Olympus Optical Co. Omni did not give details of the deal between subsidiary Omni Electronics and Olympus Technologies Singapore (OST). OST, Olympus's first independent corporate
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      • Article
        Lock icon Huan Hsin to buy 55% of Infospeed
        58 9 MAINBOARD-LISTED Huan Hsin Holdings plans to invest US$l.l million (Ssl.9 million) for a 55 per cent stake in Infospeed Pte Ltd. Infospeed in turn will incorporate a wholly-owned subsidiary in Shanghai to manufacture telecommunications, electrical and electronic products like paper shredder machines, telephones,
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      • Article
        Lock icon LANkom's IPO 24 times subscribed
        43 9 LANkom Electronics Ltd's offer of 1.5 million shares to the public in its initial public offer has been 24 times subscribed. The placement tranche of 34 million shares was also fully subscribed. The stock will start trading today.
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      • Article
        Lock icon Goldtron gets nod for debt revamp
        64 9 GOLDTRON said that following the unanimous support received from its creditors at a meeting yesterday, the company is now poised to complete its debt restructuring plan. Upon the completion of the restructuring plan, which was announced earlier, it will emerge in a stronger financial
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    • Article
      Lock icon SingTel's $1b bond yield seen too low
      564 9 Investors say they'd rather bay govt bonds; underwriter DBS says it's not worried Bloomberg DBS Group Holdings Ltd and Citigroup Inc may find it tough to sell all of Singapore Telecommunications Ltd's $1 billion bonds, according to investors who say the yield is
      Bloomberg  -  564 words
    • Article
      Lock icon SIA hires XM to push its $700 m e-commerce plan
      215 9  -  Byi Conrad Raj SINGAPORE Airlines has chosen the e-business solutions arm of America's Cordiant Communications Group as the online brand consultant for its $700 million e-commerce initiative. The company CCG.XM, better known as XM, will be responsible for the design,
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      185 6 Corporate real estate is often thought of as a costly liability. By delivering highly productive, cost-effective business A I l Mi I k space, Equis can help you turn real estate into a competitive Our asset management approach ensures that your real estate portfolio is always aligned with your nSH
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      Lock icon Page 6 Advertisements Column 2
      15 6 FOOD/ ENTERTAINMENT f| The Straits Times Classified. Classifications 5-36. Buy h. seii h. Fmd h
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      172 7 1. integra2ooo Ltd (incorporated on 21 October 1999 in the Republic of Singapore) INVITATION IN RESPECT OF 46,000,000 NEW SHARES OF $0.05 EACH COMPRISING:(A) 4,600,000 OFFER SHARES AT $0.21 FOR EACH OFFER SHARE BYWAY OF PUBLIC OFFER; (B) 41,400,000 PLACEMENT SHARES BY WAY OF PLACEMENT COMPRISING:(I) A MINIMUM OF 40,400,000
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Market underpressure as US inflation fears resurface
      611 8  -  l I comment STOCKS r. sivanithy PROPERTY stocks continued to take a backseat yesterday after a feeble pre-Budget speculative play on Tuesday. This, coupled with pressure on bank and tech stocks, meant a 16.6-point loss for the Straits Times Index at 1,944.62. Without
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    • Article
      Lock icon Untitled
      516 8 Stocks Volume Hyflux 5c 13,407,000 PCI 25c 13,040,000 Serial Sys 10c 10,853,000 PacificCenturylOc 10,708,000 CapitaLand 9,336,000 Chart Semiconductor 26c 8,946,000 Asia Food&Prop 8,026,000 Briertey NZ10c 7,740,000 Eltech 25c 7,339,000 NOL 6,814,000 Stocks DBS Grp 53,491,241 Chart Semiconductor 26c 51,615,431 VentureMfg25c 33,996,144 SIA 29,279,900 CapitaLand 23,510,830 OCBC 22,598,930 SPH 21,078,145 PCI
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    • Article, Illustration
      Lock icon Turkish lira's forced float hits euro, Asian units
      349 8  -  I :j I comment CURRENCIES larry wee NEWS yesterday that the Turkish lira had been forced to float hammered the neighbouring euro, and pressured already weakened Asian units lower. But a surprise decision to keep the Sing dollar's trade-weighted value on a
      Source: Reuters  -  349 words
    • Article, Illustration
      Lock icon Covered call on property sector would be welcome
      177 8  -  WARRANT WATCH By\ R Sivanithy THERE'S no question the property sector is in dismal shape a glance at the accompanying graph is all that's needed to confirm the slump. Such a graph should, in theory, interest a covered-call issuer there must surely
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    • Article, Illustration
      Lock icon Venture may see further downside
      231 8  -  HOT STOCK By Ven Sreenivasan VENTURE Manufacturing, the most high-priced contract manufacturing stock on the local bourse, has been getting steadily cheaper since the first half of last year. The counter led the losers yesterday as it shed 60 cents to $14.90 on growing concern
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    • Article
      Lock icon Market Notices
      153 8 JAYA Holdings will trade cum an interim dividend of 0.5 cent per $0.10 share each (tax exempt) from Feb 20 to March 1. The stock goes ex-dividend on March 2 and has a record date of March 8. Payment date is March 16. ♦UNISTEEL Technology's audit committee member
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      164 8 IN NO Precision INNOVALUES PRECISION LIMITED (Incorporated in the Republic of Singapore on 25 April 1997) Initial Public Offering 15,400,000 new ordinary shares of $0.05 each comprising: (1) 2,000,000 offer shares at $0.35 for each offer share by way of public offer; and (2) 13,400,000 placement shares by way of
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      121 9 civban<& Salomon Smith Barney Members of Citigroup Why did Lawrence, Shirley Anup, Ronny and Michelle cross the road Because with effect from 26th February 2001, our Singapore Global Loans Team will operate from across the road at Salomon Smith Barney. The Team can be contacted at the following O ur
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Three statutory boards get Parliament nod
      452 10  -  They will help to meet knowledge, health challenges Byi Chuang Peck Ming PARLIAMENT yesterday gave the green light for three statutory boards to be formed, two of which are to meet the challenges of a knowledge-based economy. The Intellectual Property Office (IPOS) will provide
      FILE PHOTO  -  452 words
    • PARLIAMENT Briefs
      • Article
        Lock icon 2,175 directorship positions in GLCs
        60 10 GOVERNMENT-LINKED companies—including statutory board companies—have a total of 2,175 directorship positions, Prime Minister Goh Chok Tong said in a written reply. The bulk of these—92 per cent are held by men. Women occupied the other 8 per cent of the positions. The proportion is the
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      • Article
        Lock icon HDB reverse mortgage scheme shelved
        74 10 THE government has shelved the reverse mortgage scheme, first thought of as a likely way to provide elderly HDB lessees with an additional source of income to meet retirement needs. "The monthly payments are relatively meagre because of the high financing cost," Minister of State
        74 words
      • Article
        Lock icon Ten new bills introduced
        95 10 TEN new bills were introduced yesterday, including bills to provide a competitive market framework for the electricity industry and the gas industry. The bills dealing with the electricity industry and the gas industry also have provisions for the safety, technical and economic regulation of the generation,
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      • Article
        Lock icon Strategic importance of US-S'pore FTA
        76 10 SINGAPORE is confident that tne new US administration of George W Bush will recognise the strategic importance of a US-Singapore free trade pact in its engagement of Asean and East Asia, Minister of Trade George Yeo said. Singapore and US held two rounds of talks
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    • Article, Illustration
      Lock icon No conflict of interest for SGX: BG Lee
      843 10 Bat take it to court if it acts against investors' interests, says deputy premier TAKE the Singapore Exchange to court if it acts against the interest of investors, Deputy Prime Minister Lee Hsien Loong said yesterday. But running the stock and futures
      843 words
    • Article
      Lock icon FY99 revenue exceeds estimate by a wide $6.5b
      337 10 Difference was unnsually large, says panel's report THE government is known for its conservatism when it comes to revenue projections, but it appears to have been overly-cautious in its estimates for the financial year ended March 2000. Actual operating revenue collected for
      337 words
    • Article, Illustration
      Lock icon A meeting of minds
      26 10 [BEIJING] Singapore Education Minister Teo CheeHean holding talks with China Vice-President Hu Jintao at the People's Great Hall earlier this week. MITA
      MITA  -  26 words
    • Article
      Lock icon IRAS will spend $600,000 more to promote e-filing
      208 10 An e-filing coach at workplaces is one of the methods planned THE Inland Revenue Authority of Singapore (IRAS) will spend another $600,000 promoting electronic filing this year to encourage at least 600,000 taxpayers to submit their returns online. The effort includes a
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    • Article
      Lock icon Bringing the powers of Internet to the heartland
      446 10 e-Festival Asia seeks to reach ont to people averse to new technology THIS year's e-Festival Asia aims to reach out to people who are averse to new technology, says Pam Hu, director of e-lifestyle marketing with the Infocomm Development Authority's on-line development
      446 words
    • Article
      Lock icon Compass Hts: pricing works for Centrepoint
      449 11  -  i¥ Kalpana Rashiwala GOING against the trend of big developers vowing not to cut home prices, Centrepoint Properties has priced Compass Heights 8 per cent lower than a rival project with a poorer location. And the move has worked. It has sold 170 units
      449 words
    • Article
      Lock icon Fresh poly grads earn 8% more
      252 11  -  By Adeline Chuah THE average gross monthly salary of fresh polytechnic graduates increased by more than 8 per cent from $1,417 in 1999 to $1,535 in 2000. Poly graduates who had completed their National Service saw an almost 14 per cent increase in average
      252 words
    • Article, Illustration
      Lock icon Big surpluses: damper on entrepreneurship
      158 11  -  Ong Yang Peng CEO, Cananex Singapore Singapore via Internet SINGAPORE'S budgetary control leaves little room for criticism. If there is any, it is that it's over-controlled. The large surpluses accruing each year are indicative of too much of a good thing being bad. It has
      FILE PHOTO  -  158 words
    • Article
      Lock icon Reduce foreign maid levy
      117 11  -  Steve Lo M+W Zander (S) Singapore via Internet THE government is expected to collect good tax revenues this year, thanks to the substantial economic growth in the year 2000. It is appropriate to return some of these gains to individuals to cushion the impact of the
      117 words
    • Article
      Lock icon $16.5 m East Coast plot up for sale
      225 11 Price in line with recent sale nearby AMID the quiet market, a 33,144 sq ft freehold site on East Coast Road has been put up for sale, with $16.5 million expected by its owner. The price works out to $359 psf per
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      1069 11 We welcome letters. E-mail us at btletter® sph.com.sg or fax us at *****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
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      Lock icon Page 11 Advertisements Column 2
      405 11 By Stacy Chapman, HRMS Product Strategy Manager Asia Pacific, People Soft Global reach, local focus. Sounds logical. Logical that to manage the workforce effectively, a single consistent HR solution is needed, whether you have several branch offices in one country or operations across Asia a consistent system that complies with
      405 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon A 'humble' US foreign policy would pay off
      753 12  -  ■hi:= 4 bottom line OPINION leon hadar The writer is BT's Washington correspondent THERE was something quite refreshing in presidential candidate George W Bush's call for injecting a sense of humility in the conduct of US foreign policy, suggesting during the second
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    • Article
      Lock icon IN OTHER WORDS
      122 12 'Don't just give us random aid. Let us get involved. Don't make beggars out of us.' Dr Annbha Ghose head of a relief agency, on what Gujaratis told him after the Indian earthquake. it's a very unique emotion I'm feeling right now. I think it's called humility.'
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    • Article
      Lock icon S'pore-M'sia ties need a fast track
      615 12 EDITORIAL Malaysian Deputy Prime Minister Abdullah Ahmad Badawi is the quintessential diplomat He is not one to claim credit for the visible improvement in bilateral relations with Singapore since his recent visit But he did have a key role in the reduced tension in
      615 words
    • Article, Illustration
      Lock icon Send the best brains out – and welcome them back
      1362 12  - Send the best brains out and welcome them back Like Taiwan and India's 'returned talent', Singaporeans with Valley experience could prove a goldmine for the Republic By, Jennifer Lien in Silicon Valley BY most measures, the US$l billion (551.74 billion) Technopreneurship Investment Fund (TIF), launched in April 1999, was a
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      Lock icon Paying the earth for global warming
      708 12  -  COMMENTARY It's a shame that the nation most at fanlt is doing so little abont it, if anything By Bob Herbert The writer is a New York Times columnist NYT THE easiest approach for the time being is to pretend it's not happening. It's
      NYT  -  708 words
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  • e-NEWS
    • Article
      Lock icon Offshore betting raises Jockey Club's hackles
      314 13 HONGKONG Reuters HONGKONG'S Jockey Club is facing a nagging problem punters in the gambling-mad territory are increasingly placing their bets with offshore Internet sites, costing the club and the government billions in revenue. Growing competition from offshore bookies has made Hongkong's only legitimate betting
      Reuters  -  314 words
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      Lock icon HK mulls cellphone jamming systems
      162 13 HONGKONG AP IT'S a Hongkong phenomenon many people could do without: cellphone maniacs so attached to their communications gadgets that they can't shut up not in a movie, in the library or even in church. Amid much frustration at the endless ringing and chattering, the
      AP  -  162 words
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      Lock icon B2B market dead? No way, says Commerce One chief
      809 13  -  Mark Hoffman, who believes the market is poised to take off, says it is bnilt on a solid foundation From( Catherine Ong in New York A YEAR ago, the business-to-business (B2B) Internet sector was so hot that even Old Economy stalwarts
      809 words
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      Lock icon Apple upgrades Macs with flowers
      358 13 iMacs play catch-np with Internet mnsic revolution Reuters [TOKYO] Apple Computer Inc chief executive Steve Jobs yesterday announced a slew of upgraded PCs, including more colourfully designed iMacs, that he hopes would move it a step closer to catching up in the Internet music revolution.
      Reuters; AFP  -  358 words
    • Article
      Lock icon Fees drive down Yahoo auction listings
      437 13 SANTA CLARA Bloomberg YAHOO! Inc, the most-used site for searching the Internet, said the number of items for sale on its online auctions has fallen "considerably" since it began charging fees for listings last month. Yahoo charges sellers 20 US cents to U552.25 per
      Bloomberg  -  437 words
    • eBriefs
      • Article
        Lock icon Siemens trays modem maker for US$1.5b
        67 13 Bloomberg [MUNICH] Siemens AG has agreed to buy Efficient Networks Inc, the No 1 maker of modems for high-speed Internet connections on phone lines, for US$l.5 billion (552.6 billion) in cash to expand its telecommunications equipment business in the US. Germany's biggest electronics company
        Bloomberg  -  67 words
      • Article
        Lock icon Korea Telecom Freetel turns around
        61 13 Reuters [SEOUL] Korea Telecom Freetel, South Korea's second largest mobile phone service provider, said yesterday it had turned its first-ever profit in 2000, boosted by sales growth in the wireless data business. The company said it posted net profit of 116 billion won (Ssl62 million)
        Reuters  -  61 words
      • Article
        Lock icon CyberWorks buys Hutchison unit
        47 13 Reuters [HONGKONG] Pacific Century CyberWorks said yesterday that it has acquired the Hutchison Telecommunications Technology Investments group from Hutchison Whampoa Ltd for US$lO3 million (*****.5) in newly issued shares. Conglomerate Hutchison Whampoa is controlled by CyberWorks chairman Richard Li's father, Li Ka-shing. Reuters
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      • Article
        Lock icon Microsoft, Bristol Tech settle lawsuit
        68 13 NYT [SAN FRANCISCO] Ending a bitter three-year-old private lawsuit, Microsoft and Bristol Technology Inc on Wednesday agreed to a confidential settlement of a dispute over antitrust and unfair trade practices. A Microsoft spokesman said the suit was settled for an undisclosed sum that superseded an
        NYT  -  68 words
      • Article
        Lock icon Next Media not buying online paper
        96 13 AFP [HONGKONG] Next Media Ltd, chaired by flamboyant press baron Jimmy Lai, said yesterday it has not agreed to acquire Taiwan online newspaper Tomorrow Times which ceased publication due to financial problems a year after its launch. "The company has not agreed to acquire
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      • Article
        Lock icon Vivendi confirms Net venture with Sony
        97 13 Reuters [PARIS] Jean-Marie Messier, chairman of French media giant Vivendi Universal, has confirmed that Vivendi has formed a joint venture with Sony Corp's Sony Music Entertainment to create an online music site. The new venture named Duet, which already operates through a team in
        Reuters  -  97 words
      • Article
        Lock icon eBay buying iBazar for up to US$112m
        73 13 Reuters [SAN JOSE, California] eßay Inc said on Wednesday it has agreed to pay up to US$ll2 million (Ssl9s million) to acquire privately-held French online auctioneer ißazar SA, strengthening the US Internet auction site's position in Europe. The move puts eßay into a
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      • Article
        Lock icon Hotspot starts Net forex trading system
        58 13 Bloomberg [WATCHUNG, New Jersey] Hotspot FX Inc, an Internet foreign exchange trading system backed by billionaire currency trader Joe Lewis and ETF Group, a Swiss venture capital firm, started offering trading yesterday. Hotspot, based in Watchung, will seek to attract speculators, wealthy individuals and
        Bloomberg  -  58 words
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      290 13 I EUN&S Built for your I I L Business Efficiency Ever y unit enjoys ground floor convenience Impressive office-like facade I fronting Eunos Link, in MacPherson 1.. eSS? Paya Lebararea W* Car lorry parking loading bays b at your doorstep L z **5? "i Private toilet for each unit M
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  • MALAYSiA news
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      Lock icon M'sia still keen to sell MAS stake
      401 15  -  Bat Daim declines to indicate if talks with foreign strategic partner, said to be Qantas, are still on From] Eddie Toh in Kuala Lumpur THE Malaysian government is still keen to sell its substantial stake in Malaysia Airlines (MAS), said Finance Minister Daim
      FILE PHOTO  -  401 words
    • Article
      Lock icon Further mergers good for banks, says Daim
      167 15 AP [KUALA LUMPUR] Malaysia's Finance Minister Daim Zainuddin said yesterday it would be good for the banking industry to undergo further mergers, hinting that local banks might undertake further consolidation. "If it (more mergers) is done, it's good. It is up to them,"
      AP  -  167 words
    • Article
      Lock icon KL benefiting from funds' re-look at emerging markets
      350 15 KUALA LUMPUR Many nibbling at attractively priced stocks: analysts IN SPITE of the recent listless trading, things may be looking up at the Kuala Lumpur stock market. Most analysts and fund managers said foreign funds are re-looking at emerging markets and Malaysia
      350 words
    • Article
      Lock icon KL to counter attacks by foreign press
      249 15 KUALA LUMPUR AP SENIOR Malaysian ministers yesterday accused the foreign press of trying to destabilise Prime Minister Mahathir Mohamad's government and vowed to introduce new mechanisms to counter what they claimed was biased reporting. Information Minister Khalil Yaakob and Foreign Minister Syed Hamid
      AP  -  249 words
    • Article
      Lock icon 3 from PUNB may face charge over bond scam: report
      231 15 PETALING JAYA THREE top executives of Perbadanan Usahawan Nasional Bhd (PUNB) are expected to be charged in connection with the RMI9 billion (558.72 billion) bond scam, The Sun newspaper reported. The Anti-Cgirruption Agency (ACA) has completed its investigations into the
      231 words
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      184 15 OUR L L speaks" VOLUMES. i h -v mm ii j jl I x•w x 0«' The signals are strong for accelerated growth. Phonos have gone hoyond convocation to downloading music, tfanslll nq conversations and navigating tho car ltio telecommunications soctoi is constantly growing to moot our dtMiiand for set
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  • REGIONAL news
    • Article
      Lock icon Ibra tells state firm Pakary a to revamp its business
      249 16 JAKARTA Bloomberg INDONESIA'S government told state-owned PT Pakarya Industri, parent of the country's bankrupt aircraft developer, to revamp its business in exchange for a reorganisation of US$354 million (*****.3 million) of its debt. Pakarya will have to halt all operations
      Bloomberg  -  249 words
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      Lock icon Indonesia-IMF stalemate continues
      855 16  -  High-level talks fail to bridge differences over key issues like central bank autonomy, local govt borrowing From I Shoeb Kagda in Jakarta INDONESIA and the International Monetary Fund (IMF) remain deadlocked in their attempts to break a two-month-old impasse that has caused international confidence in the government
      REUTERS PHOTOS  -  855 words
    • Article
      Lock icon Baht hit by BOT red tape bid to foil speculators
      471 16  -  From. Harish Mehta in Bangkok THE Thai baht has been weakened by fears that the Bank of Thailand is tightening capital controls by swaddling banks in red tape in a bid to deny speculators access to the Thai currency, analysts
      471 words
    • Article
      Lock icon Indon workers abused at Nike's contract factories
      359 16 PORTLAND Company promises to remedy 'disturbing* problems AP WORKERS at nine of Nike's contract factories in Indonesia have seen verbal and physical abuse by supervisors against co-workers and female employees coerced into sex, according to a compa-ny-funded report. Employees also complained of being
      AP  -  359 words
    • Article
      Lock icon Time dotCom to list in second week of March, say sources
      413 16 KUALA LUMPUR Reuters MALAYSIAN telecom firm Time dot Com Bhd will be listed in the second week of March, banking sources told Reuters yesterday. "There's no reason to delay. You can't set a specific date yet but it will
      Reuters  -  413 words
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      Lock icon Jakarta stock watchdog eases rules on asset sales
      349 16 JAKARTA Reuters INDONESIA'S stock market watchdog has issued a ruling allowing mainly listed firms to make substantial transactions without shareholder approval as part of efforts to revive the indebted corporate sector. "The main reason is to support companies' restructuring programmes and national
      Reuters  -  349 words
    • Article
      Lock icon Securities scandal: Manila charges 14 foreigners
      344 17  -  Unlicensed stock brokerage allegedly tried to defraud investors; scam uncovered with the help of Interpol Front. Al Labita in Manila PHILIPPINE authorities yesterday hauled 14 foreigners to court. 11 of them British nationals, for allegedly engaging in fraudulent stock transactions detrimental to investors here
      344 words
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      Lock icon HK rejects call to raise 70% ceiling for mortgage loans
      421 17 HONGKONG Move will increase risk of negative equity later: HKMA Reuters HONGKONG'S banking regulator said yesterday there was no plan to raise the ceiling for mortgage loans and noted that such a move would do nothing to ease the pain
      Reuters  -  421 words
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      Lock icon EIU cuts HK's business centre rating to No 12, from No 3
      578 17 HONGKONG Reuters AFP HONGKONG'S ranking as an international business centre has been downgraded to 12th place from third on doubts over the future of its business environment, the Economist Intelligence Unit said yesterday. Hongkong's regional rival Singapore fell
      Reuters; AFP; MINGPAO  -  578 words
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      Lock icon CNOOC raises US$1.26b from IPO
      549 18 HONGKONG It sells 1.64b shares at 77 US cents apiece; IPO follows a failed attempt in Oct 1999 Bloomberg CNOOC Ltd, China's third-largest oil company, succeeded in its second attempt to sell shares to the public, raising US$l.26 billion (Ss2.l billion) at a price that
      Bloomberg  -  549 words
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      Lock icon China backs Games bid with US$20b pledge
      400 18 AP [BEIJING] In its most lavish promise yet, Beijing has vowed to spend US$2O billion (Ss3s billion) if it is awarded the 2008 Olympics a construction frenzy bid officials, said would rival the building of the Great Wall, state media reported. The spending
      AP; REUTERS  -  400 words
    • Article
      Lock icon Trade in China B shares: Feb 19 deadline
      374 18 SHANGHAI China investors must use funds deposited before given date Reuters CHINESE investors initiaUy wUI be able to trade hard currency B shares only with money deposited before Feb 19 as the government tries to prevent a rush to the foreign exchange
      Reuters  -  374 words
    • Article
      Lock icon China retailer gets approval for bail-out
      332 18 ■ZHENGZHOU Bat shareholders npset as they have to give up 50% stake Reuters ANGRY shareholders approved a corporate rescue plan for indebted Chinese retailer Zhengzhou Baiwen yesterday in a bid to stave off bankruptcy and delisting from the Shanghai stock exchange. Shareholders said they
      Reuters  -  332 words
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      91 16 By the end of the next twenty days, dining in the clouds would be a thing of the past. On 15 March 2001, Compass Rose would be closed for a revamp. You'd probably reminisce about Its distinguished cuisine, excellent service and of course, the strikingly stunning view. So at least,
      91 words
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      177 17 jik m I 1 Bf him J|t«F mgmtfj^ Pick a card, any card. Because whichever 3Com* PC Card you choose, you're getting leading LAN and modem technology. Form factors, connectors- those are a matter of personal taste. The one thing everybody wants is a simple, fast, reliable connection. That's just
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      201 18 f projecteyeball. «P| What offends you more at the movies? Serial killers who slash, I ffli stab, gut, bludgeon and gun down I w* s their victims to death? Or a sweaty couple tearing their PLUS: If you want to impress the socks off your friends (or the clothes ott
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  • WORLD news
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      Lock icon Telecom NZ sees only slim chance in its C&W Optus bid
      430 19 SYDNEY AFX Reuters TELECOM Corp of New Zealand has conceded defeat in pursuing the assets of Cable Wireless Optus Ltd but has said it will not withdraw its bid. The Australian Financial Review reported. Citing unnamed Telecom New Zealand
      AFX; Reuters  -  430 words
    • WORLD Watch
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        Lock icon ASX cancels planned merger with NZSE
        71 19 Reuters [SYDNEY] The Australian Stock Exchange Ltd said it would not proceed with a planned merger with the New Zealand Stock Exchange. "It was decided not to proceed with the merger, having determined that it would not be possible at this stage to reach
        Reuters  -  71 words
      • Article
        Lock icon SEB, Swedbank in US$7.4b merger
        64 19 Bloomberg [STOCKHOLM] SEB AB, co-founded by Sv/eden's Wallenberg family, agreed to merge with Swedbank AB, which has roots in the country's farming industry, in a stock swap worth about US$7.4 billion (5512.9 billion) to create the Nordic region's largest bank by assets. SEB shareholders will
        Bloomberg  -  64 words
      • Article
        Lock icon Acquisition boosts UBS Q4 profit 36%
        68 19 Bloomberg [ZURICH] ÜBS AG, the world's largest asset manager, said fourth-quarter profit rose 36 per cent as the acquisition of Paine Webber Group Inc gave investment bank ÜBS Warburg an immediate boost. Net income rose to 1.45 billion francs (Ssl.s billion), or 3.4 francs
        Bloomberg  -  68 words
      • Article
        Lock icon Paulson earned US$22.5m in 2000
        56 19 Bloomberg [NEW YORK] Goldman Sachs Group Inc paid chief executive Henry Paulson U5522.5 million (5539.2 million) last year, a 12 per cent cut from 1999. Mr Paulson, 54, earned US$6OO,OOO in salary, a US$l4 million cash bonus, received restricted stock worth US$3.9 million and options
        Bloomberg  -  56 words
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      Lock icon Turkey gives up lira defence, allows float
      729 19 ISTANBUL US, West concerned about economic chaos affecting political stability LATWP Reuters Bloomberg TURKEY'S leaders, struggling to gain control of a financial crisis that threatens the economic and political stability of one of the most important US allies in the Middle East, announced
      LATWP; Reuters; Bloomberg; REUTERS  -  729 words
    • Article
      Lock icon Rise in US Jan indicators a sign US may avoid recession
      494 19 WASHINGTON 0-8% rise is first in 4 months; analysts had expected 0.4% Bloomberg THE US index of leading economic indicators rose in January for the first time in four months, a sign the US economy may avoid recession this
      Bloomberg  -  494 words
    • Article
      Lock icon Tata to propose joint bid with SIA for 40% of Air India
      392 19 SINGAPORE Bloomberg TATA Group said it will submit a formal expression of interest to make a joint bid with Singapore Airlines Ltd for a 40 per cent stake in Air India, the state-owned national carrier, today. "It will
      Bloomberg  -  392 words
    • Article
      Lock icon Banks issue guidelines for global forex trading
      363 19 LONDON Reuters BANKS active in the global foreign exchange market yesterday released a set of voluntary guidelines for good trading practice in response to currency crises in Asia and Russia in 1997 and 1998. The guidelines, which amount to best practice, have been
      Reuters  -  363 words
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      Lock icon ABN Anno slashes 7,000 Dutch jobs, closes hundreds of branches
      407 19 AMSTERDAM Reuters LEADING Dutch bank ABN Amro NV stepped up the restructuring of its domestic business yesterday, announcing it would cut more than 7,000 jobs and close hundreds of branches across the country. The staff cuts 6,250 in consumer banking
      Reuters; REUTERS  -  407 words
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      Lock icon Veterans Steely Dan steal the show at Grammys
      596 20 LOS ANGELES Jazz-rock duo takes album of the year, beating favourite Eminem Reuters IN one of the biggest upsets in Grammy history, veteran jazz-rock duo Steely Dan won the coveted album of the year Grammy on Wednesday, beating the presumed favourite, controversial
      Reuters; AP PHOTOS  -  596 words
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      Lock icon Clinton's brother-in-law returns pardon money
      373 20 WASHINGTON Supposedly legal fees for lobbying for pardon successfully AP BILL Clinton's brother-in-law received about US$3OO,OOO (*****,000) for successfully lobbying for a pardon and a prison commutation that the former president granted on his last day in office, legal sources told AP. The money was
      AP  -  373 words
    • Article
      Lock icon Marc Rich to sell trading unit, keep most of his business empire
      318 20 LONDON Bloomberg MARC Rich, the billionaire trader pardoned by former US President Bill Clinton, may be selling his commodities trading business, though he's keeping most of his empire, an official with his company said. Crown Resources AG, an
      Bloomberg  -  318 words
    • Article
      Lock icon SEC urged to delay decimal change deadline
      424 21 NEW YORK Traders association says this will give Nasdaq more time to convert its computer systems Reuters AP THE Security Traders Association on Wednesday said the US Securities and Exchange Commission (SEC) should push back its April deadline for US stock markets to
      Reuters; AP  -  424 words
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      Lock icon CSFB woos back 40 a day after they joined Barclays
      536 21 NEW YORK A coup for CSFB in tug-of-war for talent; many defectors are MDs Bloomberg CREDIT Suisse First Boston (CSFB) says it has won a tug-of-war for talent with Barclays Capital, luring back about 40 fixed-income officials who left the
      Bloomberg  -  536 words
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      Lock icon Coke enters new era with Pringles potato chip tie-up
      521 21 ATLANTA It enters joint venture with Procter Gamble NYT IF nothing else, the juice-and-snack joint venture announced on Wednesday between Coke and Procter Gamble highlights how rapidly the business world is changing. It wasn't too long ago when Coca-Cola focused mostly
      NYT; FILE PHOTO  -  521 words
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      Lock icon Kellogg cedes top spot in US cereal industry
      409 21 NAPLES, Florida Bloomberg KELLOGG Co, maker of Frosted Flakes and Special K, is relinquishing its spot as the biggest US cereal company after decades of holding off General Mills Inc, chief executive Carlos Gutierrez said. Until recently, Kellogg had focused on volume
      Bloomberg  -  409 words
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      127 20 > i* V, r:,- ,j= >„ W j <■:*s*■ > T -4' r. *X, ,1\ r *:>■. Wt* i&?~ aljOpfaif Wine, dine and unwind in the alluring I ambience of the Wine Library. J H you'll find delectable Continental cuisine to whet the most demanding appetite. M 3 k And
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      337 21 Since 1975 our worldwide staff of over 275 multi-disciplined professionals f tK including lawyers, chartered accountants. |V. i S* chartered secretaries and bankers have j i f provided confidential and cost effective X Jt company formation in all the major low ■p tax areas including: r JBRp -A Incorporation Fees
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      4645 22 I NOTICES ESCATEC(S) PTE ITD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE 23RD DAY Of MARCH 2001 AT 11 A.M. AT 111 FREE TRADE ZONE. ***** RAYAN LEPAS, PCNANG. MALAYSIA FOR THE FOLLOWING PURPOSE: AGENDA 1
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      547 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HUIYE TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant tp Section 308( 1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the above-named Company will be held
      547 words
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      403 22 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CLIENT SERVER CONSULTING INTERNATIONAL PTE LTD (In Members' Voluntary Winding-Up) SPECIAL RESOLUTIONS PASSED ON 15TH DAY OF FEBRUARY 2001 At an Extraordinary General Meeting of the Company held at 98A Amay Stieet Singapore *****8 on the
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  • FINANCE & commodities
    • Article
      Lock icon Weak Nasdaq drags down futures
      315 23  -  SGX Derivatives Tradlng/feport ST Index/MSCI STpore Index Wong Ann Chuen THE Singapore stock market yesterday fell following the Nasdaq's dive overnight. The benchmark Straits Times Index shed 16.60 points or 0.85 per cent to close at 1,944.62 points with 10 counters advancing, 32 counters declining
      315 words
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      Lock icon Stop-loss selling deals blow to futures
      244 23  -  MSCI Taiwan Index Lau Chee Keong THE Taiwan stock market yesterday plunged more than 3 per cent on Nasdaq's fall overnight coupled with weak-er-than-expected economic data. Technology shares in Taiwan took a beating. The MSCI Taiwan index skidded 9.38 points or 3.43 per cent
      244 words
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      Lock icon CURRENCY REPORT
      321 23 Reuters London THE euro fell within sight of two-month lows against the US dollar yesterday, undermined by worries over the potential fall-out from Turkey's decision to float the lira to curb its financial crisis. The euro staged a brief rally earlier in the European session as the currency
      Reuters  -  321 words
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      Lock icon Untitled
      1228 23 DTTERBAMK CROSS RATES A$ C$ Bmb Euro Ffr Dm HK$ Ind Bs Rupiah Yen Won BM WZ$ Pa* Bs Peso S$ Rand Sfr MT$ Baht Pound US$ Australia 0.806 4.353 0.577 3.785 1.129 4.091 24.453 50.504 0.609 6.524 1.993 1.222 31.583 25.375 0.914 4.102 0.884 16.974 22.574 0.363 0.525 Canada
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      1971 23 S1C0M FUTURES Feb 22 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume Open Month High Low Soft (tonnes) Interest Mar 01 102.75 Apr 01 105.00 800 May 01 107.50 800 Jun 01 109.00 800 RSS 3 CONTRACT (US cents/kg) Voteae Open Month High Low Sett (tomes) interest
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Wall Street fall drags Hang Seng Index down
      2866 24 HONGKONG AFP Hang Seng -252.87 HONGKONG share prices fell 1.6 per cent yesterday following overnight falls on Wall Street sparked by inflation concerns after the release of stronger-than-expected US January CPI data, dealers said. The Hang Seng Index lost 252.87 points to
      AFP  -  2,866 words
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      Lock icon CHINA
      515 24 Reuters Q Shenzhen A Index -2^o CHINA'S A shares ended slightly lower yesterday, dented by concerns of a possible liquidity outflow from domestic markets as regulators detailed rules on the opening of the hard currency B share bourses, brokers said. But in Shanghai, surges in A share firms with
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  515 words
    • Article
      Lock icon Nikkei slides to 28-month low
      2107 24 TOKYO AFP D Nikkei 225 -2172 TOKYO share prices fell 0.2 per cent to a new 28-month low yesterday as investors dumped shares following a sharp fall on Wall Street, a broker said. The Tokyo Stock Exchange's Nikkei--225 index closed down 26.72 points at 13,073.36,
      AFP  -  2,107 words
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      Lock icon TAIPEI
      375 24 AFP □wp Index -19(182 TAIWAN share prices closed 3.2 per cent lower yesterday after sharp losses on Wall Street, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 190.92 points to 5,759.04, following a 0.4-per cent decline in the previous session. Yesterday's turnover was NT584.92 billion against NT582.75
      AFP  -  375 words
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  • STOCKS klse
    • Article
      Lock icon Untitled
      8862 25 INDUSTRIALS Consumer products 2001 Last Vol Day Nat Cap Hiqh Low Company S«k '000 High Low P/E $mll 340 300 Ajinomoto 312 -18 1 312 312 9.4 126.5 45 30 Angkasa 36.5 53.3 342 286 Apollo Food H»g 330 12 132.0 356 308 Asia File 340 unch 61 340 340
      8,862 words
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      Lock icon KL closes higher on late buying support
      399 25 AFP Q Composite Index MALAYSIAN shares closed 0.3 per cent higher yesterday on late buying support, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 1.96 points at 713.48. The Second Board index lost 0.41 points to 126.09. An institutional dealer
      AFP  -  399 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2841 26 V M mmmmtm MWBIWMliiiiW III in II IP 'III I I [111" nii'Tii ll'iiifilllliTiilWMliWllMUMMMMWMMBMWWaMWWWMWMWMM^^ BONDS WARRANTS Feb 22 ■t M fnmj U*H S2-«Mk last 11 Dmy IHH An I—* Cat Cnr Dhc Mtto H*k In Con»MT Mi *m- COM) M# Lot a*yw Mtar Ma (aattx) Mt* Nn Hnrti|7 LtR 41
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      Lock icon SEOUL
      311 26 CI Composite Index -ILI2 SOUTH Korean shares fell 1.9 per cent yesterday with the index down 11.12 at 583.41. Volume was 342.2 million worth 2.3 trillion won. —AFP FH 22 Won Arum S*ml 4400 -240 Brain Tach 710 -20 Cantral Bank t70 unch Chvil Conwn *****0 1500 Da* Gu
      311 words
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      Lock icon MANILA
      290 26 AFP O Composite Index -IXBI PHILIPPINE share prices fell 0.8 per cent yesterday with the Philippine Stock Exchange Composite Index down 13.81 points to 1,641.05. Volume rose to 1.1 billion shares worth 485 million pesos from 914 million shares worth 371 million pesos on Wednesday. AFP Frt22 Peso COOP)
      AFP  -  290 words
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      Lock icon WELLINGTON
      271 26 □IgSE-40 -2L51 NEW Zealand shares fell 1.1 per cent yesterday following weakness in overseas markets, dealers said. The NZSE--40 Capital Index closed down 21.51 points at 1,958.13 on turnover of NZ$9B.4 million. Telecom Corp was the major loser of the day, David Cleal of JB Were said. —AFP r*u
      271 words
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      Lock icon SYDNEY
      550 26 AFP nAH Ordinaries -20.80 AUSTRALIAN shares closed 0.6 per cent lower yesterday, brokers said. The All Ordinaries closed 20.8 points weaker at 3,240.3 while the SP/ ASX 200 lost 22.1 points to 3,292.6. National turnover was 565.68 million shares worth A 51.77 billion. "Most of the news today is
      AFP  -  550 words
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      Lock icon BANGKOK
      745 26 AFP O SET Index -L2l THAI share prices closed 0.4 per cent lower yesterday as investors waited for details of a proposed national asset management corporation, analysts said. The Stock Exchange of Thailand (SET) Composite Index dropped 1.21 points to finish at 309.02 points and the SET 50 index
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      Lock icon JAKARTA
      731 26 AFP Q Composite Index -187 INDONESIAN share prices closed 0.6 per cent lower in thin trade yesterday on a technical correction in blue chips, dealers said. The Jakarta Stock Exchange Composite Index closed down 2.87 points or 0.6 per cent at 437.03. Declining stocks outnumbered advancers 64 to 38.
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  • Article
    Lock icon STOCKS sgx
    9768 27 SGX MAINBOARD Transaction date: Feb 22 Cr Cr M Wt 52-Wk Last Vol Day Last Ouot* Dlv Dlv YM Net Cap Avg High Low Company Sale COOO) High Low Buyer Seller 56 C'vr P/E $mll Prica MULTI-INDUSTRY 153 51 m c Acma50c 56 unch 309 56 54.5 55
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  • New Asia Biz Woman.
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      Lock icon Avon lady out to woo Asian markets
      1126 28  -  The company's biggest growth expected to come from Asia-Pacific By Cheah Ui-Hoon ONE of the most long-lingering of American icons, the Avon lady, is now knocking on the doors of the millions of beauty consumers in Asia, bringing with her the household name
      RICHARD CHNG  -  1,126 words
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      134 28 RUN OUT OF IDEAS FOR ROMANCE? (>!. JMNNHNNKfc* 1 1 **J ffi iß K- -t| v W- v- v > mm- T r v •.A... i I W J. 4 t silkam\ ROMANCE PACKAGES FOR COUPLES START FROM $698 Includes return airfare and accommodation. Receive a complimentary candle-lit dinner for
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  • EXECUTIVE Lifestyle
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      Lock icon Special delivery
      1702 29  -  Childless couples here are turning to adoption agencies, commm here finds out what is involved and how adoption has changed the fives of two couples CORINNE KERK BABIES. Those chubby little things that gurgle and burp, laugh and cry. Their arrival typically marks a permanent change in a
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    • PERSPECTIVE
      • Article
        Lock icon What being Singaporean means
        755 30  -  '•Jaathe cuff It is something so intangible that today's yonth, in their pursuit of all things quantifiable, seem to have trouble fathoming. It is simply being born here and undergoing life's experiences here jaime ee HERE'S a trick question: I eat sushi, I eat steak. I
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      • Article
        Lock icon It was love at first sight
        866 30 CELINE Lim (not her real name), 36, and her husband, 42, tried for a baby for three years. The Singaporean and her Australian-Chinese husband also sought medical help, including artificial insemination, which in her words, "was a flop". "I had to take hormone injections
        866 words
      • Article
        Lock icon Enjoying parenthood despite fears
        856 30 COVER STORY FOR a year, Peter Tan (not his real name), 37, and his wife, 33, tried for a baby. That may not seem like a long time, but the marketing and sales executive and his executive secretary wife were convinced they are not going to
        856 words
    • EPICURE
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        Lock icon Saint-nil delights
        759 31  -  JAIME EE finds Saint Pierre a bundle of gastronomic joy. Its Belgian chef is winning diners over with his imaginative ways and generous portions JAIME EE YOU can take the restaurant away from the chef, but you can't keep the chef away from the restaurant. So might be
        CHRIS LOH  -  759 words
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        Lock icon A potent combination
        630 31  -  RESTAURANT Golden Peony's Epicurean Evenings successfully match Chinese cnisine with western wines By\ Cheah Ui-Hoon THE art of corroborating western wines with Chinese cuisine is a skill that is being perfected at the Conrad Singapore's Golden Peony restaurant. For two years now, the award-win-ning restaurant has organised
        630 words
      • Article
        Lock icon Why Rhone wines have become the buzz word
        942 31  -  WINE CONNOISSEUR By, N K Yong FOR decades, wine writers have been saying that Rhone wines offer the best value, bar none. This did not cut much ice for some time for several reasons. Except for a handful of famous wines (Jaboulet's
        942 words
    • ENTERTAINMENT
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        Lock icon The monster loses his mystique
        619 32  -  CINEMA 'Hannibal' will make viewers part ways with their last meal, bnt it lacks real suspense despite a few good sequences By'. Parvathi Nayar THE well-worn grey file on the desk snags my attention with the impressive red label advising "Extreme Caution", the authentic-looking coffee
        619 words
      • Article
        Lock icon Iron Ladies smack of fun
        631 32  -  CINEMA It does not degrade its subjects. Neither does it put across any message abont gay acceptance Byl Susan Tsang COMEDY has always thrived on incongruity, and Iron Ladies has that in spades. The Thai film is a load of laughs, starting with an absurd
        631 words
    • PROFILE
      • Article, Illustration
        Lock icon Blazing the trail in healthcare
        1400 33  -  Parents will be able to monitor their newborns via the Internet And should their children grow up and suffer from the pressure of, say, school, there will be a spa catering especially to them. These and other services will be provided by Thomson Medical Centre
        ARTHUR LEE  -  1,400 words
    • STYLE
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        Lock icon HK socialite couple live it up...
        998 34  -  ...with their colour and theme-coordinated dressing. The Chaus have a way of standing out among the territory's rich and famous, reports lob hoi tdt LOH HUI YIM WHAT do you do when you have to choose Hongkong's most romantic couple on Valentine's Day? Get
        998 words
    • GOLF
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        Lock icon IMG: A dominant force in sports management
        1185 34  -  It is responsible for Colin Montgomerie and Vij&y Singh's appearance in the Singapore Masters this week Byi Geoffrey Eu MUCH of the hype surrounding this week's Singapore Masters the highest profile golf tournament to hit town in quite some time can be attributed
        1,185 words
    • Article, Illustration
      Lock icon CINEMA
      816 35 Body Of The SooL Steamy tale of an affair between a 60 yearold scriptwriter and his maid. R(A). Golden. Book Of Shadow*: Blair Witch Project 2. The sequel to last year's "love it or hate it" movie. College students take a tour of me sites irom tne iirst rum.
      816 words
    • Article
      Lock icon ENQUIRIES AND BOOKINGS
      126 35 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtis 223-7529 Eng Wah Empress 777-5867 Jubliee 454-164(7' Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines8 Tiong Bahru Yishun Overseas Movie Clementi/Co'wealth 777-0669 Golden/New Town
      126 words
    • TRAVEL
      • Article, Illustration
        Lock icon A day well-spent in Melbourne
        1368 36  -  GOHHWEELEMG discovers that not only can you shop till you drop in Melbourne, but you can also get your mind and body rejuvenated for yet another day of shopping. And what better way to end your day than have a meal at a top restaurant
        1,368 words
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      31 30 complete range of furnishing solutions for hotels, restaurants, cafes, etc. aUigcOuS by XZQI ;900fChardfitMdPatagOT *04-16/17 Iff *****90 XZQX 680fcnafdftBdPlaaSmqapufalBI-11/I3W J388?33 XZQX PLACE TefiWeJmno; IO7H/15.1 Woxfcra toad TP 7M 5528 WEBSITE «wwwqffiomecomsg
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  • Page 30 Miscellaneous
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      296 30 CRYPTIC CROSSWORD 7 Masculine pride given a —PP Scotsman by his doctor (8) I- I I I I I I I I 9 Song acclaiming a worker on H|[ HH JHT IH MF flf the border (6) —I 10 Scrutinise short science arti- I J 1 I 1 i 11
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      69 31 <§> CARAN d ACHE OF SWITZERLAND ECRIDOR COLLECTION MAKE YOUR MARK -C u o u re "U c Ci rz U Sole Distributor: SILVAROYAL PRIVATE LIMITED 207 Henderson Road #01-06 Singapore *****0 Caran d'Ache corner and service centre: #03-10/11 Wheelock Place Tel: 238 6678 Caran d'Ache is available at authorised
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      234 32 Where to wine, dine and entertainsjgggj^ Peking Duck that's a cut above others. Bon appetit! Treat your family, friends and business associates to our delectable Peking Duck and we'll weave some culinary magic to transform your duck into yet another dish. p or reservations, call SKBpp f,Jn Happy feasting! W
      234 words
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      44 32 PONT I N Weekend Public H °M a y^x 12.00pm 4.00pm DUll6t With 50 varieties to savour Free flow of home-made Barley Water Coffee/Tea Adult $16.80+++ Child $11.80+++ For Reservations, please call 433 1132 V Peninsula- Excelsior IM" S Coleman SUM Sint'porc I 79*05
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      182 32 See EL 7for listings Our weekend starts on Friday night so you can start dining on our ever popular Weekend International buffet Dinner all the way till Sunday. Whet your appetite for sashimi, oysters, sushi and more. Mouth-watering barbecued meat, lamb cutlet, pasta and more. Dinner: Fri, Sat Sun at
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      147 32 MANDARIN SINGAPORE 5 fICK Of THE ORCHARD .J Master Chef Chen Jinghua and his *o|p| SHANTOIT VJ IK CUISINE jg; tM|3 AT PINE COURT W 22 February to 18 March 2001 d. E Reservations: 831 6262/66 Mandarin jUU Singapore jppi sz:*>cja)S HIMTVj 333 Orchard Road, Singapore *****7. Tel: 737 4411
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      32 32 See EL 7for listings Ihe iltht hiiiese l()'vi.• iirani in Siti!ia|>or»' Mint- 1929. §i* *tS S|)rini» Court *70 /Lml Annhmar) I |i|)ci Kasl < oasl Road (m»\l 1» Itatshon* I'Hrkl. Tel: 449 50.10/fi
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      133 33 I THE ASIAN The Fullerton Singapore 1 Fullerton Square Singapore *****8 OQsian jfracfifions. The Asian Spa was created to pamper and enhance your well being. Our range of services include rejuvenating body and facial care, massage therapy and fragrant flower baths. Be impressed by our contemporary Zen inspired ambience, the
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  • Page 35 Miscellaneous
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      2318 35 TODAY'S TV RECOMMENDED VIEWING Central iI 1 3,00 w Si T °day/Regional 9.00 AM Kids Central: Blue's M {ftS? Re P° rt Clues 3JO Headlines/Spore MarSh3;ttGrG(l 1954 classic in which the Nini's Tree House. et J? e^ )rt daughter of the driver to a 10.00 Steven Spielberg Pres- 3 34
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      167 36 An elegant overnighter now comes along free with the World Business Class mr Wr r mBBf *HKm J Jams "iwiip' "■•>*■•" 60-inch pitch. 55% more legroom. 150 degree recline. And between now to 30 Apr 2001, a free leather overnighter KLM's new World Business Class Styled with you in mind.
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      276 37 Reuters THE Baltic Dry Index (BDI) rose 11 points to 1,488, the Baltic Panamax Index (BPI) gained 11 points to 1,578, the Baltic Handymax Index (BHI) firmed four points to 8,858 and the Baltic Capesize Index (BCI) was up 22 points to 1,902. TIME-CHARTER: ♦Lady Kadoorie (built 1998)
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      Lock icon MARITIME STOCKS
      306 37 sex *000 ma a *f- <nt Cm Distribution 0.49 0.01 Chuan Hup 038 unch 3205 Cosco Investment—0.18 unch m Freight Links an unch 105 GB Holdings 0.45 -0.02 10 IMC HoKHngs-HK —5.60 unch 0 Jay* Holdings 0.16 unch 106 Keppei Corp 3.46 -0.02 1351 Keppei FELS 1.04 0.01
      306 words
    • Article, Illustration
      Lock icon S'pore to help train Indonesian seafarers
      424 37  -  MOU signed to enhance ties and raise competency levels By George Joseph [SINGAPORE] Indonesia is looking at Singapore to help train and raise the competency of its seafarers to internationally accepted levels thereby giving Indonesians another avenue for employment. Visiting Indonesian Minister of Communications
      RICHARD CHNG  -  424 words
    • Article
      Lock icon Fitter entitled to annuity as lump sum over and above damages claimed
      699 37  -  immai-n CASEBOOK By Selva Kumar AN annuity payable to a fitter employed on a vessel could be claimed over and above the damages that the employee won from the shipowners for injuries that he suffered in an accident
      699 words
    • Article
      Lock icon Indon maritime official here as MPA Visitor
      117 37 [SINGAPORE] Indonesian director-general of sea communication in the Department of Communications, Tjuk Sukardiman, is the latest to visit Singapore at the invitation of the Maritime and Port Authority of Singapore (MPA) under its Distinguished Visitors' Programme. Mr Sukardiman, who arrived in Singapore yesterday,
      117 words
    • Article
      Lock icon S Korean ship orders up 40%
      196 37 AFP [SEOUL] Orders placed with South Korean shipbuilders rose 40 per cent year-on-year in January to 1.46 million gross tonnes, a news report said. Twenty-four vessels were involved, up from 16 a year ago, Yonhap news agency said on Wednesday, quoting shipbuilding industry sources.
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      Lock icon Hanjin to market cargo ship space with K Line
      243 37 Carriers team np on Asia-Europe routes to boost frequency Bloomberg [SEOUL] Hanjin Shipping Co, Korea's No 2 maritime transport company, said it will jointly market space on container ships with Japan's Kawasaki Kisen Kaisha on AsiaEurope routes to boost service frequency
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      Lock icon SHIPPING SCHEDULES INDEX
      309 38 PAGE Ahrenkiel 12 Appenship 5 AsiaOCL 11 Assets 5 Austral 6 Avant 12 B'tanq Mas 6 BSA 7 BTL 12 Balaji Shpq 5 Bangladesh 11 Batamindo 11 CCNI 7 CMACGM 3 COSCO 3 COCOS 5 CSAV 3 Central Ex 6 Chahaya 12 Cho Yang 5 China Shpg
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    • AIRLINE shares
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        Lock icon Better planes make for higher profit volatility
        761 38 Rising efficiency of airliners has led to more volatile earnings, presenting investors with higher risk Reuters LONDON Airline shares may become increasingly volatile in coming years as better aircraft create more violent swings in their profits and losses during the business cycle. If
        Reuters; FILE PHOTO  -  761 words
    • Article
      Lock icon SHIPPING GUIDE
      18247 44 THEBUSINESSTIMES THEBUSINESSTIMES Page 8 EXPORT FRIDAY, FEBRUARY 23, 200 ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/03 05/04 MOL P&O NED DOUALA 7W1A 65-*****86 05/03 13/04 Setramar NORASIA SINGA 365W 65-*****33 07/03 14/04 COSCO EMPRESS SEA 0TO7W
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        748 49 Vessel Voy No Berth Arrival Departure Rachmanuell 03A/01 *J03 22/02/6:25 22/02/20:00 C Progress 22/02 JH) 22/02/7:45 22/02/15:00 Bt Sur Sokti ***** J01 22/02/8:40 22/02/20:00 Tropical 28 03*01 J05 22/02/8:45 22/02/1730 Winstar 1 021S01 J03 22/02/7:25 22/02/2130 Roda Tat 118 Lse04 J18 22/02/8:25 23/02/9^X1 Bayswaterl18 M1052 J02 22/02/8:55 22/02/16:00
        748 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1970 49 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Boofclnq/Btltnct Rstts Ship Voy No Etb/Btr Period From To Fran ACTUARIA 07*015 25/1:00 2V600 21/1459 2V600 2A 21/1700 22/0659 22/0900 21 21/1700 22/0459 22/0900 3 22/0700 22/1159 22/MOO 4 22/1200 22/M59 22/1700 AC* GARNET 24E 23/330 11 21/1500 21/1659 21/1900
        1,970 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        204 49 Feb 23 Brunei: National Day. Marl South Korea: Independence Movement Day. Mar« Brunei: Hari Raya Haji. Indonesia: Idul Adha A.H. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Mar 17 Ireland: St. Patrick Day. United Kingdom: StPatrick's Day. Mar 20 Japan: Vernal Wquinox Day. Mar 21 Mexico: Benito
        204 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        797 49 THIS report, complied by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        797 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        525 49 Carton ISO Max 986.5 0.4 15.9 0.06 42 0.03 Fab IS Density Water Residue Ask AhiHalaai Sediaieut No atovc E25 0 0 1 0 0 0 r >M/M 380 Ave 965.6 0.3 13.1 0.06 28 0.01 bn, 380 Max 969.7 0.7 15.5 0.09 54 0.03 a/Ml
        525 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Qantas to axe hundreds of jobs as profits fall
        644 50 22% drop in net profit dne to greater domestic competition, weak As, high fuel costs AFP [SYDNEY] Intensified domestic competition, a weak Australian dollar and rising fuel costs have forced Qantas Airways to begin axing hundreds of jobs, company chairman Margaret
        AFP  -  644 words
      • Article, Illustration
        Lock icon Take off to Osaka with Woody
        66 50 [TOKYO] Flight attendants ofJapan 'sAll Nippon Airways (ANA) unveil the newly painted airplane with the cartoon character 'Woody Woodpecker' at Haneda Airport in Tokyo. The airline introduced the Boeing 767-300 named 'Woody Jet'for its domestic flights which started on Wednesday as a campaign for
        AFP  -  66 words
      • Article
        Lock icon Auckland Airport's profit forecast to rise
        198 50 Bloomberg [WELLINGTON] Auckland International Airport Ltd probably increased first-half profit by 13 per cent as more international passengers passed through New Zealand's largest and busiest airport. The company, sold to private investors more than two years ago, may report profit rose to NZ$2B.l million
        Bloomberg  -  198 words
      • Article
        Lock icon Bidding closes today for 40% stake in Air India
        632 50 Reuters [NEW DELHI] The Indian government's sale of a 40 per cent stake in Air India enters its second lap today, the deadline for bidding consortia to finalise partners and submit detailed business plans. The government is also selling a 26
        Reuters  -  632 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1792 50 cm FU6HT E7* rusm no AN0229 2230 LH6300 22)0 $0229 2230 —lhr«Mi HMO 0530 KL0030 2130 $023 0640 $0328 2340 6*175 105 H0Q37 635 MM ****** 2020 K224 2025 $0206 2020 $062(1 2025 N***** 2045 $0205 2045 BMrtk GTM8 0920 6TM9 076 WW WW 196 050
        1,792 words
      • Article
        Lock icon More airline crash survivors if safety briefings are heeded: NTSB
        577 50 96% of passengers, crew survived air accidents over 18-year period Reuters [WASHINGTON] More than 2,000 people died in US commercial aircraft accidents in the past 18 years but some might have survived if they h&( 5 received clearer safety inft
        Reuters  -  577 words
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      20 37 Better planes make for higher airline profit volatility Pg2 Qantas to axe hundreds of jobs as profits fall 22% BackPg
      20 words
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      364 37 PEOPLE The Standard P&l Club has appointed Paul Enqels regional director (Asia Pacific) located in Singapore. Mr Engels, who was deputy chief executive and claims director of the club, moves here to strengthen the club's presence in Asia with hub operations in Singapore. The strengthening of the Club's presence in
      364 words
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      1223 38 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) vtssa VOT prSaTI etdsw uwgkaoi dalus houstoii chmco «w row mexxoott vksb vot Hi proumMl acamu san who cokto n uuau> wwihu sauna am
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      749 38 Lines services represented by I 1 "1 em^ers Re 9 istr y °f Iwfl Accredited Shipping Agents, jy Singapore Shipping Association Members of the Singapore Logistics Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIK PSOJECT CAIiGO TO DAMPIER/FREMAHTLE MV "TBN" ETA SIN 12/03/2001 BOOKINGS CALL MONKA/JUUA TEL 323 4374 CONTAINERS/
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      1284 39 TO EUROPE FROM EUROPE [VESSEL VOY SIN HTM AND HAM BRV SOU FXT HH IvESSE! VOY I RTM AMU HAW BKV SOU FXT liH s*l API IRIS 022W 23/02 13/03 15/03 18/03 19/03 APICYPR* 0221 05/02 04/02 07/02 31/01 24/02 HY HIGHNESS 329W 26/02 15/03 17/03 20/03 14/03 MAAS 541E
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      1647 39 Fn: YANTJU EVERY FRIDAY (T/T: 9 DAYS) I J&r YANTIAN EVERY TUESDAY I W FRIDAY I (T/T t 4 DAYS) J GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD #12-00 SAUS/IKGS TEL *****57/43 FAX: *****21/71 MALAYSIA OFFICE PASIR GUDANG TEL 07-*****66 FAX- 07-«Ml70 COSTAR SHIPPING PTE LTD JSS?feI POCTKUIK 03-8023*33 oltinZu
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      511 39 vßsa Ivor I sin I pkg I yoy I sin I hug 1 kel I ihc I usw IwH voy sin jkt sub ovra gS, gg gfljj jm WTCHONGKON6 IO3S 75/07 77/07 103 M 70/07 04/03 04/03 13/03 09/03 09/03 KMTC ULSAN 103S 06/53 08/03 09/03 (MUBOaeS 103S ?S/0? 00/03
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      1577 40 SENATOR LINES TO EUROPE TO MIPQiI EAST/IRAN/RED SEA VtSStl VP 1 SIN LtH RTH U* HAW MV fU ivtSStl I VOT I SIX I lUJ I DH ){Q IMC HANJIN ROME 0013W 27.02 16.03 17.03 19.03 25.03 24.03 27.03 AIFAJtAHIN 0013W 24.02 03.03 06.03 1003 11 03 HANJW NEW YORK
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      981 40 AM MAC-NELS S'PORE M'Slfl r~TTT~| Carrier: Mil CONTR UNES, INC p. qudang: (07)*****26 I-JW J cm my **********0E SIBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHtNG (062) *****1-3 PORT KLANG HO CHI MINH MV "ATLANTIC
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      719 40 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 Vessel 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
      719 words
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      1480 41 I VESSEL VOY KHH HKG I SIN PKL PXB SAB PMM MK IRAN ISFAHAN 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 10/03 11/03 18/03 19/03 21/03 23/03 IRAN TABATABAEI PCL-198 13/03 14/03
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      436 41 I Loading for OCEAN ISLAND RDM/ATW/BMN/UK I Loads Singapore. E7W Malaysia. Indoneaa 1 Loading for LOK KRANTI JDH/AQA/ADN ARETE JOVAQA/DMT BAN ANN D6l/ABUAXDH/BRN/DMM/KWT SAFEER JDH/AQA/DMT EVDOXIA HDCVJDH/AQA VI HELLAS DBI/AE3U/DOH/BFWDMM/KWT SUN ACE D6l/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, EVW. Malaysia, Indonesia ILoactong tor I TAJCANGHAJ VCB/VCW/LAX/MZL I OCEAN GOLD CAM/NFK/SAV/NOL I ROJAREK NAREE
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      1772 41 EUROPE EXPRESS SERVICE EXPORT IMPORT YBStt IYQT SI I JUL RTM lAM I HAN IHV jFU VESSEL VOT RTM HAM EU LEH SI HJ ROTTERDAM 013W 27/0? 14/03 17/03 11/03 19/03 20/03 11/03 HJ WASHINGTON 0311 01/02 03/02 05/02 01/02 25/02 PORTLAND SEN 01SW 06/03 23/03 24/03 25/03. 26/03 27/03
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      933 42 MEDITERRANEAN/BLACK SEA/EUROPE SERVICES EXPORT VESSEL/VOYAGE SGP |«0 VKH CHS DKJ RDM BHV THP ZH JI*KSSOOBMOiW 25/02 09/03m/Q3 13/D3 15/03 14/03 IMB 18/03 19/03 UUNnH)OOB4O4SNV 04/03 14/03h8/03 2QAOT22/03 21/03 23/03 25/03 26/03 DUMQMNOOSSOOffI 11/03 27/1B 29/ TO 28/03 30HX3 01/04 02/04 HU»NO«401IW IMB 30/0301/04 03/W 05/04 04/04 06/W 08/W W/04 UUNHYOOB7OI6W
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      389 42 jARBBUWWBMWOUtf/BiiMAN SUB COMfPgNT SBVICE [export I VESSEL VOYAGE SGP CMI DUB JBA ABU DMN BAH KM NXV UNI ACCORD 0653-035W 25/02 02/03 07/03 08/03 I UNI PROMOTE 0165-002W 27/02 03/03 09/03 12/03 oiYUHE 0005 V* 02/03- 13/03 15/03 19/03 I UNI ASPIRE 04/03 09/03 14/03 15/03 I UNI ANGEL 0166-032W
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      897 42 BANGKOK/MAP TA PMUT/LAEM CMABAWO JAKAWTA/PAiiJAIIO ESSa VOY SIN I IKK MT? LCH VKSB I VOT SM JKT PJW lAHABHUM 142N 74/0? 28/02 27/0? HARI IHUM 428 21ZQ2 28/22 THAIHUM" 376N 25/02 21/02 01/03 PEMAH6 GLORY' 050 25/02 ft/Ol UDO ~oiJT- 24/02 02/03 ~mT MM ML Ml z lui bhum 118N
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      59 42 LINER SHIPPING PTE LTD \\\M A 10 ANSON ROAD, #17-01 international plaza. Singapore 0:07 TEL: *****33(20 UNES) TELEX: RS ***** LSSHIP FAX: *****13 A.BBA.S BKJ BA.HRAIN JEDDAH mmiT Mil ETA SIN MIDDLE EAST PORTS ,c« DUBAI, DAMMAM, KUWAIT, BAHRAIN, DOItA. Vf §A RIYADH, SIIARJAII, AMI DHABI, MINA QABOOS, JSV BANDAR
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      646 42 INDONESIA NATIONAL LINE TO AUSTRALIA H FULL COtfTAIMEB SERVICE va _wr no aw m m std m «a nmi HTKPWK OSS OMR 27/02 05/03 11/03 13/03 16/03 raWMBM* 365~ K5/0306/03 tt/W 11/03 20/03 23/03 tUNCm 1»~ 12/03.13/03 19/03 25/03 27/03 30/03 POTSDAM 07S 19/03 20/03 30/03 01/0» 03/04 1)6/04 FEEDER
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      418 43 BSfl M MYANMA pBHk FIVE STAR LINE (Myanmar National Line) Loading for Yangon VISSEI VOY SIN PKI PEN PGU PAGAN 290W SU) BAGO 118W IN PT MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL HI 03-*****00 PKL HI 03-*****101 PEN: TEL 04-*****02 PGU: HI 07-*****21/4 M BANK LINE (A service of Andrew
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      1993 43 HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOY p i SOU UH RIM ANT HAW BRV IVESSE VOY SOU LBI ITM ANT HAM MTV {jN HY WGHNESS V.329W 26/02 20/03 14/03 15/03 17/03 APICYPR* V.022E 06/02 31/01 01/02 "03/02 14/02 API ALMANDN VJ2OW 01/03 19/03 24/03 21/03 22/03 HYRKRAL V.329E 06/03
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      89 46 New Advertisers/Services/Agencies mmm Singapore pte ltd v 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Fax: |65) *****66 Email general#ecusin eculine net Website httpV/www eculine net INDONESIAN PORTS Banjarmasin/Jambi/Palembang/ Panjang/Pontianak/Perawan/Pekan Baru Call: 220 3373 SIN HUP SENG HUAT Looking For Cotton Rags Of High Oil Grease Absorbancy? See Our Ad
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      1087 47 SSAMUDERA SHIPPING LINE LTD 72 Anson Road, #06-01 to 03, Singapore *****1 MAIN LINE/OUTWARD: 532 3688 INWARD (DID): 437 2368 IMPORT STATUS (DID): 437 2378 INVENTORY (DID): 437 2420 Wobsito http://www.samwdora.<om CR MO. **********0H BOOKINGS LINE; 535 6266 (Celio/Jessico/Mei Chan/Jeslynn/Doro/Yvonne/Hanim) 7 SLGS/WEEKLY 3 SLGS/WEEKLY [VISSEI VOY SIN JAK I VESSEL
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      728 47 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO PKG SIM MT SIM KM PPG CM» POM HAI MYI OBF SAV NtW TAW HOU HOfGH PYKt /0660 02/02 10/01 13/01 15/01 27/01 23/0) 11/0? 14/02 15/03 l»/03 20/03 25/03 29/03 03/04 M/ 04 HOiGH MMERVA /0«60 10/02 15/02 19/02 22/02 05/03
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      647 47 \«mm ENG LEI SHIPPING CO WE LTD I I M: *****22 (10 Llmil Fax: *****38/*****60 I aih: ISIMWOOOX I VESSEL VOY SIN ETA SIN ETD DESTINATION Sma Central 03/01 24/02 24/02 K lungkol/Jebng Tingg. Gandoll 04/01 24/02 24/02 Jakorto Dwi Doya 02/01 25/02 25/02 Oumo/P Bom/Buotnn Union Star 20 02/01
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      631 48 I VESSEL VOY SIN MAA SIN TIGER STAR 874N 25-26/02 02-05/03 09-10/03 TIGER RHYTHM 875N 28-01/03 05-08/03 12-13/03 TIGER BRIDGE 876N 02-03/03 08-11/03 15-16/03 TIGER M TRO 877N 05-06/03 11-14/03 18-19/03 TIGER STAR 878N 09-10/03 15-18/03 22-23/03 TIGER RHYTHM 879N 12-13/03 17-20/03 24-25/03 VESSE^^^VO^^SIf^^CA^^SI^^I TIGER CLIFF 025 23-24/02 03-05/03 14-15/03
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      1102 48 FREIGHT LINKS EXPRESS PTE LTD Penjuru Road, 3rd Level, Freight Links Express Logisfricentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg WEBSITE: www.freightlinks.net SHANGHAI MV.GANGES VGANOIO COLOMBO MV. ((OTA PHTAMA V PTMO2S ITA SIN: 27/02/2001 ETA SIN: 27/02/2001 PIRIAUS mv.mscaiexavohmr VALPARAISO mv. no ned Santiago v szik ITA SIN: 27/02/2001
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      48 48 REGULAR DIRECT CONTAINER BREAKBULK SERVICE TO PORT LOUIS DURBAN EXPORT VOY SIN PTL DBN ALS EXPRESS 02WB 02/03 13/03 18/03 ALS ENDEAVOUR 03WB 15/04 26/04 01/05 ACCEPTING TO JOHANNESBURG Agcats: Tel Fax Smgopore Ben I** Agencies *****61/147 *****63 UoloyMG Bendero Shippmg Agency Sdn Bhd 03 *****889 03 *****020
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      791 48 TO EUROPE CHINA N. EUROPE SERVICE VESSEL I VOY I SIN T HKG XGG TAP SHA HANJIN KEELUNG 078E 01 MAR 05 MAR 09 MAR 11 MAR 13 MAR THADE FREDA 001E 03 MAR 07 MAR 11 MAR 13MAR ISMAft HANJIN BREMEN 053E 10 MAR 14 MAR 18 MAR 20
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      87 48 REGULAR SERVICE TO INDONESIA ETA ETD DESTINATION CHAHAYA VICTORY 2302 2502 JAKARTATONTIANAK TBN 2602 2802 PALEMBAMITOMTIANAtCPANGKAL BALAM N OTHER INDONESIAN PORTS REGULAR SERVICE -EX YANGON CHAHAYA STAR 26/02 03/03 VISAK/CALCUTTA/YANGON JUBILEE 28/02 02AJ3 VISAK/CALCUTTA We alto accept Transhipment Cargo tram Spore to Yangon Calcutta. SHIPPING PTE LTD I Wookly LCL
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      124 49 LEGEND Issued by Meteorological Service Singapore K Thunderstorm _L showers Y m Rain Temperature C (-S wind direction and speed in knots Ram Weather U Cloudy Day c><3 Hazy Sea Conditions Wind speed symbols j j w<l 2m O Full circle w/o line indicates calm or light and variable winds
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      173 50 PRESS RELEASE Rate Restoration on 1 April 2001 On 27 October 2000, the Member Lines issued a press announcement advising customers of their Business Plan for 2001. At their meeting on 19 February the Member Lines of AWRA and MRA confirmed their previously advised intention to implement a rate restoration
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