The Business Times, 1 March 2001

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Microfilm: NL22164
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MITA ,P) 028/12/2000 SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY. MARCH 1. 2001 m
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  • Article
    Lock icon MARKET SUMMARY
    48 1 USM (+M.M) tXSi+nm Ff grans nmnßß U U«j| (+1.00) Hfl mJI (-0J0) IMTflW MMBm IUHlM -17KJI unatn. SET INDEX JAKARTA OQMP ~Ut MAH&LAOCW —UHltt 4&M Til nTT ITTT iltmt SEOULCOOT B»f# Hit OSACHOiAB—IjMMI *M1 AUST ALLOtD -4MI bjW »wBT (fray KA8DAQ U8U7 «t* 8tffM U4?.!t -H.7I
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  • Article
    Lock icon FINANCE
    69 1 FOBEX BATES U» SI UBSfBSMrOBD L7« £(U8S/f5$per£) 1444 IMS UK OK Ufl Lttt yw H6.4—mm XX UN 1W HKS 7M Ulf BAHT OM M.71 KUPfAH UU UK PUB 1MB SINGAPORE* Ml KUALA LUMPUR 7 J? JAKARTA MM '1'/ 1***u 'T jimlH' MANILA I r, 11 JO wamam ,*M TAIPH
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  • Article
    Lock icon Govt cuts devt charge for residential land
    962 1  -  Average landed rate down by 0.7%, non-landed rate falls by 4.4% By Kalpana Rashiwala [SINGAPORE] The government made modest cuts to the development charge (DC) rates for residential land yesterday in line with the softer market, trimming the average landed rate by 0.7
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  • Article
    Lock icon BO J spooked into cutting two key rates; bourse hits 28-month low
    864 1  -  From Anthony Rowley m Tokyo STARTLED by a surprise drop in Japan's industrial production for January and by a further plunge in Tokyo stock prices, the Bank of Japan yesterday announced an unexpected further cut in two key
    864 words
  • Article
    Lock icon US slowdown losing momentum, says Greenspan
    584 1 Fed chief s remarks point to further rate cot but not before its March 20 meeting Bloomberg (WASHINGTON] The US economy's Slowdown has yet to run its full course, and to boost growth, the Federal Reserve has quickened the pace of its policy adjustment.
    Bloomberg  -  584 words
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      131 1 The people of America 1 A Indian Budget gets have been overcharged and, on their behalf, lam |R> Home buyers here asking for a refund. w 4 returning President Bush I I t0 property George just bowls Congress over /v; u-'s. v 7 a COMMENTARY, Pg 19 BT Com-mil Lessons
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      14 1 120 yea the target for US$ again after surprise BOJ rate cut, Pg 8
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  • NEXT page
    • Article, Illustration
      Lock icon China's B-shares resume trading with a bang
      816 2  -  Farther upside seen; H-shares and red drips move south From Andrey Tan in Hongkong CHINA'S B-share markets resumed trading with a bang yesterday, as most of the stocks hit the maximum 10 per cent ceiling on price movements. Shanghai's B-share index ended 9.9
      REUTERS  -  816 words
    • Article
      Lock icon Ascott to sell Orchard Pt mall for $90m: sources
      320 2  -  EBEEMm 06 said to be buyer; price higher than recent valuation By Kalpana Rashiwala [SINGAPORE] The CapitaLand group continues to offload non-core assets to boost earnings. Its listed unit The Ascott is inking a deal to sell the shopping mall in
      320 words
    • ON THE grapevine
      • Article
        Lock icon If you can't beat 'em, join 'em, mate!
        96 2 AUSTRALIAN adventure tour operator Intrepid Travel is reviewing its policy against tours to Myanmar. Operations manager Tom Beedle said Intrepid's 90 shareholders will vote on the matter in May. A big majority voted for a ban previously, but he reckons international pressure
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      • Article
        Lock icon Internet bankwallah
        98 2 PROVIDING Internet banking has made the State Bank of India a true universal bank in all areas, according to its chairman Janaki Ballabh. The bank will be offering Internet banking services to overseas Indians in the next few months, starting initially with customers of three or four branches.
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      362 2 Seminar on "Doing Business In Japan" Galleria Ballroom (level 3), Grand Copthorne Waterfront 392 Haveiock Road, March 8, 2001, 9.00 am 12.45pm Orgmnised by: IBTRO Singapore, Singapore Trade Development Board (TDB), Singapore Productivity and Standards Board (PSB), Singapore Confederation of Industries fSCI), Development Bank of Japan, Japanese Local Authorities Representative
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon OUB posts record profit of $545m for FY2000 OUB posts record profit of $545m for FY2000
      793 3  -  Big drop in NPLs; strategic alliance with another bank on the cards; tough year ahead seen Serena Ng OVERSEAS Union Bank yesterday posted a record profit of $545 million for FY2OOO, and president Peter
      JAMES CROUCHER/ST  -  793 words
    • Article, Illustration
      Lock icon Chartered's profit warning jolts electronics stocks
      552 3  -  By David Boey ELECTRONICS stocks had a bad outing yesterday after Chartered Semiconductor Manufacturing warned that it will make a loss in its first quarter due to "weakening economic environment and market conditions". The shock announcement by Chartered, the world's third largest maker of
      Source: Bloomberg  -  552 words
    • Article
      Lock icon Criticisms apart, Thaksin's plan is a stimulating start
      835 3  -  hock am loh hui yin PERHAPS it was the balmy weather at the Hua Hin beach resort. Perhaps it was newly-elected Prime Minister Thaksin Shinawatra's persuasive powers. Whatever the reasons, the captains of Thailand's banking industry who gathered at the southern Thai
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    • Article
      Lock icon CSFB reviewing Singapore stockbroking operations
      517 3  -  Move could lead to bank exiting the business, but source denies merger speculation By Angela Tan AMERICAN financial giant Credit Suisse First Boston (CSFB) is reviewing its Singapore stockbroking operations and could decide to exit the business, a source close to the bank said. "At
      517 words
    • Article
      Lock icon The Old Economy strikes back
      546 4  -  Transport, communications, banking, property stocks dominate market cap Top 10 By Teh Hooi Ling IT'S the revenge of the Old Economy stocks. Transport, communications, banking and property counters have stormed back to dominate the top 10 spots on the Singapore bourse in terms of market
      546 words
    • Article
      Lock icon UOB takes over futures ops of Barings in S'pore
      376 4  -  From Quak Hiang Whai hi Hongkong UNITED Overseas Bank (UOB) has taken over the Singapore futures and options business of ING Barings, following the latter's decision to wind up its Asian futures operations. In separate announcements yesterday, UOB and ING Barings
      376 words
    • Article
      Lock icon New-market push pays off for Qian Hu
      220 4  -  By Liew Hanqing AN aggressive push in developing new markets for its ornamental fish helped Sesdaqlisted Qian Hu Corporation Limited to achieve a 141.4 per cent surge in net profits to $3.2 million in FY2OOO from $1.31 million a year ago. Announcing its
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    • COMPANY Briefs
      • Article
        Lock icon Keppel Fels wins US$46m Vietnam deal
        97 4 Reuters KEPPEL Fels, rlghniMingarm nfSinppmt> conglomerate Keppel Corp, said it has won a US$46 million (SsBo million) supply contract from Petrovietnam Trading Company (Petechim). Keppel Fels and its partner, Technics Offshore Engineering Pte Ltd, will provide the design, engineering, equipment and materials for the
        Reuters  -  97 words
      • Article
        Lock icon Noble Group net profit soars to US$21m
        76 4 Reuters NOBLE Group's 2000 net profit surged to US$2l.ll million (5538.75 million) from U556.32 million a year ago. Turnover rose to US$l.l9 billion from U*****.06 million. J Noble, which owns and charters ships, said yesterday its performance for2ooo benefited from positive economic conditions
        Reuters  -  76 words
      • Article
        Lock icon CEI Contract net earnings surge 80%
        77 4 CEI Contract Manufacturing said 2000 net profit rose 89 per cent to UM million froma year ago. The group achieved a turnover 0f545.9 million, up 83 per cent This "9 resulted mainly from Increased orders from both existing and new customers. In all, sales
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      • Article
        Lock icon Chip Eng Seng net rises to $9.2m
        77 4 CHIP Eng Seng Corp't net profit for 2000 rose 0.8 per cent to 10.2 million from a year ago. The group said weak construction demand affected its turnover which decreased 17.1 per cent from $189.9 million to $157.4 million. The group was able
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      • Article
        Lock icon Kian Ann earnings shump 22% to $3.17m
        79 4 KIAN Ann Engineering reported a 22 per cent fall in net profit to $3.17 million for the half year to Dec 31. Group turnover declined SJJ per cent to $65.9 million due mainly to keener competition and the lower sales achieved in overseas
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      • Article
        Lock icon Sin Soen Huat narrows net loss
        109 4 SIN Soon Huat narrowed its net loss to $1.23 million for the half year to November 2000 from $1.42 million a year ago Group turnover increased by 35 per cent from million to $32.7 million. This followed two years of falling turnover which bottomed
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      • Article
        Lock icon Presscrete in the red
        87 4 PRESSCRETE Holdings has swung into a net loss of $962,000 for the financial year ended Nov 30,2000, from a net profit of $769,000 a year ago. Due to the continuing slowdown in the construction industry, the group said turnover fell 19.8 per cent to $12.55 million.
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      • Article
        Lock icon Superbowi net income falls 14%
        54 4 SUPERBOWL Holdings said 2000 net profit fell 14 per cent to $4.8 million from a year ago. Turnover decreased 7.7 per cent to $36.2 million because of a 23 per cent decline in its arcade game business due to competition from local area network and
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    • Article
      Lock icon Osim posts a healthy 27% profit rise
      274 4  -  By Rachel Ong HOMEGROWN healthcare and healthy lifestyle brand Osim International yesterday reported a 27 per cent rise in pretax profit to $13.8 million for the year ended December 2000. Net profit rose by a similar percentage to $9.4 million. And turnover jumped
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    • Article
      Lock icon Ranking of Singapore companies by market capitalisation
      4033 6 CURR PREV RANK RANK COMRWIY MKTCAP %CHNG PRICE %CHN6 PE FEB 28 JAN 31 (SSM) PROM FEB 28 "01 FROM RATIO 2001 2001 I JAN 31 PI JAN 31W 1 1 j SingTel *****.1 -1.4 2.76 -1.4 22.8 2 2 i DBS Grp
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    • Article
      Lock icon William Tan to be new SIA Engg CEO
      286 7  -  CEO Chew retiring other changes too with creation of senior exec VP posts By Conrad Raj SIA Engineering Company (SLAEC) will have a new chief executive officer from May 1 when incumbent CEO and deputy chairman Chew Leng Seng retires on reaching
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    • Article
      Lock icon Quotation of Singapore Government Stocks (Feb 28, 2001)
      301 7 INDICATIVE NUMBER MIDDLE PRICES GROSS MATURITY YEAR RAISED COUPON AMOUNT INTEREST OF DAYS OF (EXCLUOING REDEMPTION RATE 0M) PAYMENT ACCRUED ACCRUED YfcD ISINCOOE PA) DATES INTEREST INTEREST) (%PA) 15.03.2001 N*****CW 1996 23/8 800.00 15/3 15/9 166 100.03 1.63 SG********** 01.04.2001 N*****QZ 1999
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    • Article
      Lock icon Derek Goh to take over as Serial CEO
      373 7  -  By Teh Hooi Ling SERIAL System executive chairman Derek Goh will take over as the company's chief executive and managing director. Serial said yesterday its board has appointed Mr Goh to the positions. A statement said directors decided it is in the
      373 words
    • Article
      Lock icon Eltech's net up 24%; exiting property business
      253 7  -  By Janice Lee CONTRACT manufacturer Eltech Electronics yesterday reported a 24 per cent increase in net profit to $11.1 million for FY2OOO, and indicated that it would exit the property development business to focus on its core activity of contract manufacturing. "Our main
      253 words
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      1265 4 Jtql cei contract manufacturing limited M ANNOUNCEMENT RESULTS The unaudited results of the Group and of the Company for the financial year ended 31 December 2000 are as follows: GROUP COMPANY 2000 1999 ±/H 2QQQ 1999 $-000 000 $000 $000 Turnover 45.879 25.143 82.5 45.621 24.773 Other income (including interest
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      5 4 Baalrtngbf market cap, Pg 6
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      134 5 need industry leaders like Accenture come forward to contribute back to the industry. siow Resident, Singapore Computer Society j^^k .v v *fifc *L'*^ r 1" k&D^K .^^^^^7'*:i n M 'IKt |l!Bf The privilege of being a leader carries with it something heavier: with the vast experience of other Society members,
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      94 7 Asia's newest university, The Singapore Management University, provides cutting-edge executive education. Together with the Wharton School of the University of Pennsylvania, America's top-ranking business school, SMU offers valuable expertise and relevant education for the challenges of this information age. WHARTON-SMU EXECUTIVE SERIES 29 April 4 May 2001 Managing Strategic Alliances
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      1242 7 OSIM INTERNATIONAL LTD Proforma Full Year Financial Statement And Dividend Announcement Full-vear proforma financial statement on consolidated results for the year ended 31st December 2000 These figures have not been audited. Group Company ss-000 srooo Latest year to Previous yMr to Chang* LUlrt year to Prevtoue year to Change 31/12/3000
      1,242 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Short-covering likely reason for STI's afternoon surge
      618 8  -  STOCKS r. sivanithy AFTER spending most of the day in negative territory, the Straits Times Index bounced up late in the afternoon, apparently on hopes of a US interest rate cut but more likely because of covering by short-sellers and positioning by traders
      618 words
    • Article, Illustration
      Lock icon Better to buy Crimson Land shares than warrants
      195 8  -  WARRANT WATCH By R Sivanithy MALAYSIAN property counters have had a terrible time in the past year or so and many are still trading at their lows. A glance at the graph accompanying this column illustrates the point starkly the shares of
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    • Article, Illustration
      Lock icon Ellipsiz may see further downside
      254 8  -  HOT STOCK By Serena Ng THE stock of semiconductor solutions firm Ellipsiz, formerly known as Singa trust, yesterday slumped after the company posted weaker-than-expected interim earnings. The counter finished four cents down at 55.5 cents, a four-month low, on volume of 537,000 shares. The stock
      254 words
    • Article
      Lock icon Market Notices
      126 8 PERTAMA Holdings has appointed Foo Kok Swee as non-executive director with effect from Feb 23. ♦HARIMAU Investments will hold its EGM on March 21 at 11.00 am, 65 Chulia Street #50-00 OCBC Centre. ♦CENTRAL Properties will go ex-dividend (final dividend of 20.0 cents) on April 3. Last day
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    • Article, Illustration
      Lock icon 120 yen target for US$ again after surprise BOJ rate cut
      343 8  -  CURRENCIES larry wee THE probability of a rate cut before the US Federal Reserve's March 20 meeting rose sharply after a disastrous consumer confidence number overnight, and may even have helped tip the Bank of Japan's hand yesterday. After
      Source: Reuters  -  343 words
    • Article
      Lock icon Untitled
      483 8 Stocks Vohna Integra 5c 83,780.000 Chart Semiconductor 26c 32,643,000 ParificCenturylOc 18,062,000 HyfluxSc 17,204,000 Omni kid 10c 17,163,000 PCI 25c 14,186,000 BenehjnHKIOc 9,576,000 Asia Food&Prop 9,118.000 Lankom US2c 9,083,000 MMIHIdgslOc 8,101,000 Stocks > Chart Semiconductor 26c 163,631,580 VentureMfg25c 52,396,300 Omni Ind 10c 47,769,890 OCBC 38,223,530 DBSGrp 37,986,592 UOB 30,343.550 OUB 24,112,634
      483 words
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      147 8 More than 600 exhibitors! From ovtr M 30 countries showcased H ffrj H jn 1 50,000 sqm! AH the latest trends in furniture, furnishings and homo accessories from ASEAN and the worldl P® Bigger than svsrl With a special JM line-up off 16 ,-i! w ~1 inwrnanonai fIS Pavilions I
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      1317 9 The Board of Directors of Overseas Union Bank Limited wishes to announce: 1. AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000 4. REVIEW OP RESULTS Crou P The Bank The Group's after-tax profit for the financial year rose by 21.1 %to *****.0 million. The increase was attributed 2000 1999
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  • SINGAPORE news
    • Article, Illustration
      Lock icon US law firm Jones Day opens office here
      445 10  -  Focus areas to inclnde mergers t acquisitions, capital markets By Conrad Raj ONE of America's biggest and fastest-growing law practices, Jones Day Reavis Pogue, has opened an office here to handle clients' legal needs in the region. "While technology has eased the
      ARTHUR LEE  -  445 words
    • Article
      Lock icon Hermes-Epitek breaks ground for new centre
      226 10  - HermesEpitek breaks ground for new centre By Adeline Chuah SINGAPORE-based HermesEpitek Corp broke ground yesterday for its new $30 million 300 mm semiconductor equipment development and training centre. The centre, the first of its kind here, is scheduled to start operating by March next year. It will complement the new
      226 words
    • Article, Illustration
      Lock icon Q4 domestic wholesale trade moves up 20.4%
      271 10  -  By Eugene Low DOMESTIC wholesale trade rose 20.4 per cent year on year in the fourth quarter of 2000, mainly because of strong growth in petroleum and petroleum product sales. Excluding petroleum, domestic wholesale trade edged up just 3.3 per cent, figures from
      Source: Dept of  -  271 words
    • Article
      Lock icon Corrections and clarifications
      52 10 IN yesterday's report "Male drivers outnumber female 2:1", we conjectured that foreigners working here most of whom tend to be male may have contributed to the lopsided ratio. The Department of Statistics has clarified that this is not a factor as the data cover only citizens and
      52 words
    • Article, Illustration
      Lock icon Hotel site tender near airport gets no bids
      480 11  -  Btearaa Analysts blame low yields in the sector and uncertainties over viability of an airport hotel By Marissa Chew THE tender to sell a hotel site near Changi Airport Terminal 3 drew no bidders at the close last Friday, with analysts blaming
      480 words
    • Article
      Lock icon Help, review tax structure for retirees
      301 11  -  Ng Pick Hah I REFER to your article "FY99 revenue exceeds estimate by a wide $6.5b" (BT, Feb 23). All I can say is that the government should be giving more to the citizens, and also collecting less. I have tried to alert the
      301 words
    • Article
      Lock icon Flat-type not a good measure of wealth
      123 11  -  Denis Distant I REFER to the letter "Flat size not fair basis for S&C rebates" by Victor Teoh Hong Chuan (Mailbag, Feb 28) and suggest that it is about time a more sophisticated basis be used. In Singapore where an individual can be
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    • Article
      Lock icon Flat size practical basis for rebates
      119 11  -  Seow Eng Ghee I REFER to the article "Flat size not fair basis for S&C rebates" by Vincent Teoh Hong Chuan (Mailbag, Feb 28). Mr Teoh is absolutely right to say some HDB residents are highly-sala-ried. Technically speaking, they should not qualify for S&C
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    • Article
      Lock icon Far East CEO Philip Ng named SDC chairman
      273 11 Alan Choe stays as Sentosa Golf, Sentosa Gove chairman PHILIP Ng, chief executive officer of Far East Organization, has been appointed chairman of Sentosa Development Corporation (SDC) with immediate effect. Previously deputy chairman, Mr Ng replaces Alan Choe who relinquished his position
      273 words
    • Article, Illustration
      Lock icon Pare Haven units being launched at $695 psf
      389 11  -  By Marissa Chew GOODVAL Investments will be launching its freehold Pare Haven project off Balestier Road this weekend at an average of $695 psf, after a 2 per cent discount. The project consists of 137 units, of which 58 will be released
      389 words
    • Article
      Lock icon More input for refining Concept Plan
      429 11  -  Land reclamation should seek to minimise loss of natural habitats By Andrea Tan THE two focus groups charged with the task of helping the Ministry of National Development (MND) review Singapore's Concept Plan have unveiled their final reports. While not very much different from
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    • Article
      Lock icon URA shuffles top management, new chairman picked
      221 11 THE Ministry of National Development (MND) yesterday announced senior personnel changes at the Urban Redevelopment Authority (URA). URA board chairman Khoo Cheng Lim will step down when his term expires on March 31. He will be replaced by Bobby Chin Yoke Choong. MND
      221 words
    • Article, Illustration
      Lock icon Headhunter Stanbridge cements ties with global group
      320 11  -  By Rachel Ong EXECUTIVE search firm Stanbridge International said yesterday it has formalised a strategic alliance with World Search Group. Stanbridge managing director Lew Syn Pau said the move would sharpen the company's competitive edge by extending its reach worldwide. World Search Group
      RICHARD CHNG  -  320 words
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      1362 10 Overseas Union Trust Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited wishes to announce: 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000 The Croup The Company 31-12-00 31-12-99 +/(0 31-12-00 31-12-99 SS'OOO SS'OOO SS'OOO SS'OOO Interest income 97,684 84,001
      1,362 words
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      68 11 We welcome letters. E-mail us at bt/etter® sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim 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
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  • e-NEWS
    • Article
      Lock icon Microsoft may not be split in two after all
      841 12 Appeals judges criticise district judge's 'harsh remedy 9 and comments Bloomberg (WASHINGTON] US appeals judges said on Tuesday they probably would overturn a court order breaking up Microsoft Corp unless they uphold all three antitrust violations found by the trial judge.
      Bloomberg  -  841 words
    • Article, Illustration
      Lock icon US dotcom layoffs turning into an avalanche
      211 12 SAN FRANCISCO AFP THE snowballing layoffs in the US dotcom sector are turning into an avalanche, with sackings in the last three months exceeding the previous 12 months, a widely quoted consulting firm said on Tuesday. Chicago-based Challenger, Gray and Christmas reported that
      AFP  -  211 words
    • Article
      Lock icon eBay monitoring its site for copyright infringement
      161 12 NEW YORK Reuters INTERNET auction powerhouse eßay Inc has begun monitoring items for sale on its site for possible copyright infringement, the Wall Street Journal reported in its online edition yesterday. The monitoring represents a victory for software makers and other inteUectu-al-property interests,
      Reuters  -  161 words
    • Article, Illustration
      Lock icon March of IT Leaders
      596 12  -  TECHNOLOGY The recent IT Leader Awards suggest that today's and tomorrow's stars will want to march to their own beat kenneth james WITH an eye firmly focused on the high-tech future, he coined a dizzying array of colourful terms such as experience architect, information concierge and,
      596 words
    • Article, Illustration
      Lock icon Pioneering mathematician Claude Shannon dies
      531 12 His revolutionary theories of binary langnage paved the way for the Internet NYT AP [WASHINGTON] Mathematician Claude Shannon, whose theories of binary language paved the way for the Internet, has died. He was 84. Shannon died on Saturday in Medford, Massachusetts, after a long battle
      NYT; AP  -  531 words
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      103 12 to this development J Come experience POSTMODERN a collection bungalows emphasis @107 JALAN HAJI ALIAS 1 (off Sixth Avenue) VMB|jBH|BHHM^^^S?^ \¥??y* 4PM-7.30PM $i^^|' Te1:467-6077/9686-2676||j B 1 ■—i.^ 3-Storey w/Roof Garden, Swimming Pool Lift JAIAN KAJI ALIAS i—■ :T— 1 eUKIT TIMAH ROAD 1 Enter sales office from Um Tai See
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      109 13 f fll if --2~r iJ »<%*«*•*■ Six big clients. One missing piece of data. ';:||#ji|| Where the hell is the|J^^Sf|t;-• 4 I computer hook up. QQ Q fYI Go to www.3com.com and learn how you can free yourself from the burden of wires and LAN jacks. Have instant access to
      109 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Trade package a feather in the cap for the EU
      725 14  -  THEHH w-mnzExm OPINION shada islam The writer is BT's Brussels correspondent THE European Union's zero-tariff, zeroduty trade package for the world's poorest nations agreed on Monday may not be the milestone in North-South trade relations that EU officials claim it
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    • Article
      Lock icon IN OTHER WORDS
      146 14 'If you look at the history of Europe, every year there are at least two countries fighting with one another for the past 2,000 years. For the past 50 years, there has been no war although recently there was one in Yugoslavia, a small one. They find
      146 words
    • Article
      Lock icon Beyond the Budget
      654 14 EDITORIAL AFTER what has been hailed as probably Singapore's best Budget to date, it remains to be seen what issues our lawmakers will bring before Parliament at the debate next week Traditionally, the debate sees MPs take up cudgels for the "smaller" segments small and medium-sized enterprises,
      654 words
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      Lock icon Biding their time
      1468 14  -  Foreign investors will return to the Philippines slowly and in far smaller numbers than economic planners would like By Bruce Gale Dr Bruce Gale is an independent political risk analyst based in Singapore. He contributed this article to BT. WILL foreign investors, who adopted a wait-and-see attitude
      AP  -  1,468 words
    • Article
      Lock icon Dealing with debt and taxes
      758 14  -  COMMENTARY It's irresponsible to squander the money needed to pay for baby boomers' retirement By Paul Krugman The writer is a professor of economics at Princeton University NYT YOU'RE a middle-aged couple, at the peak of your earning power. You are saving in preparation for
      NYT  -  758 words
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  • MALAYSIA news
    • Article
      Lock icon KL gives green light to M-scale Bakun project
      455 15  -  Original design stays but submarine cable to West Malaysia dropped From Eddie Toh in Kuala Lumpur THE Malaysian government has resurrected the original Bakun dam project in Sarawak, but a major component will be dropped from the largest infrastructure project in the
      455 words
    • Article
      Lock icon Sime Darby warns of lower H2 profits
      453 15  -  Depressed palm prices and US economic slowdown seen to clond results From] Eddie Toh in Kuala Lumpur SIME Darby Bhd, one of the best barometers of the Malaysian economy, will post lower earnings in its second half ending June 2001. "Due to lower
      453 words
    • Article
      Lock icon No merger talks with RHB: Maybank
      147 15 KUALA LUMPUR Reuters MALAYSIA'S largest bank, Malayan Banking Bhd, said yesterday it has not initiated any merger talks with RHB Bank, part of RHB Capital Bhd. "Maybank has not initiated any discussions on the matter," Maybank, as the bank is known locally, said in
      Reuters  -  147 words
    • Article
      Lock icon Bank Negara to unveil masterplan today
      651 15 KUALALUMPUR Central bank to issue guidelines on financial trade liberalisation in next 10 years Reuters MALAYSIA'S central bank will tell the country's banks and insurance firms today how they must prepare for trade liberalisation in the coming decade. With Malaysia committed to opening its
      Reuters  -  651 words
    • Article, Illustration
      Lock icon KL economy up 8.5% in 2000
      344 15  -  From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S GDP grew a creditable 8.5 per cent last year, with fourth quarter economic growth moderating to 6.5 per cent. The expansion was well above the 5.9 per cent charted in 1999, and the fastest for Malaysia
      AP  -  344 words
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      Lock icon ANA to stop flying to M'sia, citing poor business
      229 15 KUALA LUMPUR AFP JAPAN'S second-biggest airline All Nippon Airways (ANA) said yesterday it will stop flying to Malaysia because it cannot make money on the route. ANA is the fourth airline to announce it is stopping services since the futuristic RM9
      AFP  -  229 words
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      Lock icon Genting, Resorts World suffer maiden loss
      317 15  -  From Eddie Toh in Kuala Lumpur THE Genting Bhd group has paid a high price for its bet on the cruise business, which is now weighing down the group. Genting and subsidiary Resorts World the sole holder of a casino licence in Malaysia yesterday
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      Lock icon Finance ministry adviser moves over to Neac
      177 15 KUALA LUMPUR Reuters MALAYSIA has appointed its widely respected economic technocrat Mustapa Mohamed as adviser to the National Economic Action Council (Neac), an influential body which steered the country through the Asian crisis. "I have been transferred," Mr Mustapa said yesterday, confirming an
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      52 15 100,000 sq ft of Strata Space Near Lavender MRT Station For Sale by Private Treaty Suitable uses: pr-r Corporate HQ for Service Centre S2S •Showroom Commercial School Church (High Ceiling) Entertainment HE Recreation Highly adaptable with many possibilities Asking price Ss3Bo psf Sole Marketing Agents IBE Debenhom J Tie Leung
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  • REGIONAL news
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      Lock icon Bankers, Indon minister meet on US$500m bond plan
      265 16 JAKARTA Reuters INTERNATIONAL investment bankers met Indonesia's chief economics minister yesterday for a second day of discussions on a plan to manage the sale of up to US$5OO million (*****.6 million) in securities backed by revenue from gas exports. "I cannot give
      Reuters  -  265 words
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      Lock icon Indon markets still uneasy after dramatic rupiah fall
      614 16  -  Dealers see central bank support short-lived given the underlying political and economic tensions From Shoeb Kagda in Jakarta INDONESIA'S financial markets continued to display signs of jitters yesterday following two days of sharp falls in the rupiah against the US dollar, with
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    • Article
      Lock icon Nipah scare in M'sia, FMD outbreak in HK
      468 16 KUALA LUMPUR Reuters AFP MALAYSIAN authorities are probing media reports of a fresh outbreak of the deadly Nipah virus, industry sources said yesterday. It has, meanwhile, also announced a ban on meat imports from Britain amid concern over the possible spread of
      Reuters; AFP  -  468 words
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      Lock icon Indonesia Supreme Court turns down IFC appeal
      329 16 JAKARTA IFC to pursue other avenues in the USsl3m Panca debt revamp dispute Reuters INDONESIA'S Supreme Court yesterday rejected an appeal by the World Bank's private sector lending arm over a debt restructuring plan for one of its debtors, a court statement said.
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        Lock icon Ibra delays conversice of funds
        107 16 Reuters [JAKARTA] like Indonesian Bank Restructuring Agency (Ibra) said yesterday it had delayed a planned conversion of some US$6OO million (SsB7o J million) in asset sale proceeds intorupiah. The agency's chief, Edwin Gerungan, had said in late January that it expected to start converting the
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        Lock icon Suhastro recovering in hospital lawyer
        68 16 AFP [JAKARTA] Indonesia's disgraced former president Suharto was recovering yesterday after suffering breathing and urinary problems in the wake of an emergency appendectomy on Saturday, one of his lawyers said. "He no longer needs an oxygen mask to breathe, and the urinary catheter has been
        AFP  -  68 words
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        Lock icon Coffee crop may drop 38% due to rain
        91 16 Bloomberg [JAKARTA] Indonesia's coffee crop may drop 38 per cent this year, more than forecast, as heavy rain damaged the crop in the world's fourth-biggest grower and low prices prompted farmers to shift to other crops, producers said. Production may drop to
        Bloomberg  -  91 words
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      Lock icon Sinha promises 'new deal' in Indian Budget
      662 17 NEW DELHI Markets cheered by plan to roll back state control and revive growth Reuters FINANCE Minister Yashwant Sinha, promising a "new deal" to the people of India yesterday, unveiled a tough Budget meant to roll back state control and revive flagging economic
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      Lock icon IT, industry, market are all happy
      592 17 They call it a reformist and growth-oriented Budget AFP [BANGALORE] India's information technology industry welcomed the Budget saying it would boost growth by increasing spending on IT. "The Budget has done many positive things to the IT industry," said Suresh Senapathy, chief financial officer
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      Lock icon CNOOC shares surge 17.6% in HK debut
      393 17 HONGKONG Bloomberg Shares of CNOOC Ltd rose 17.6 per cent on their first day of trade in Hongkong yesterday, as investors, attracted by the growth prospects of China's top offshore oil producer, switched funds from onshore rivals. CNOOC's shares rose HK$l.O5 to close
      Bloomberg  -  393 words
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      994 16 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I IN THE MATTER OF THE COMPANIES ACT. CAP. SO. AND M THE MATTER Of YVAN PRIVATE LIMITED (In Mtnfiibnrs' VoiunJory NOTICE IS HERESY GIVEN lhal pursuant to Section 308 of The Companies Act. Cap. SO. the Final
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      343 16 IN THE MATTER C* THE COMMNKS ACT. CAT 98 (iTtSISni At ae CmryMuHwrf me Cfaiay held at IS# South BrUft Road. #11-84 Fook Hal Building, Skaoapere #***** aa dte 2Mi Fihruary 2881. tßtßrihlllog*T;trial aedO j RaeeMieat wert peaaed: ■mMJunuiDM 1. "That the Company be wound up voluaiarily persuant to Seciioa
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      1241 17 Noble group limited (Incorporated in Bermuda with limited liability) Worldwide providers of raw materials necessary for economic growth 2000 Results Announcement Year ended 31 December 2000 The Board of Directors of Noble Group Limited present to you herein the audited results of the Group for the year 2000. The significant
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  • WORLD news
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      Lock icon Wobbly sentiment putting economy at risk: Fed official
      645 18 NEW YORK Recent pickup in prices would not prevent additional interest rate cnts Roger Fergnson Reuters WOBBLY consumer sentiment is putting the United States at risk of unacceptably slow growth and the economic outlook remains uncertain, Federal Reserve vice chairman Roger Ferguson
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      Lock icon Zero or negative manufacturing growth in next 2 qtrs: survey
      244 18 WASHINGTON AFP MANUFACTURING executives are expecting no growth or a decline in their industries over the next two quarters, according to a survey released on Tuesday by the National Association of Manufacturers (NAM). The survey of 88 manufacturing leaders found
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      Lock icon US govt revises Q4 growth to 1.1% from 1.4%
      503 18 WASHINGTON AFP AFX-Asia Reuters AP THE US economy, hammered by declining exports and spending on durable goods, grew at a weaker pace than previously thought during the last three months of 2000, the government said yesterday in a report showing sluggish
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      Lock icon Foot-and-mouth crisis threatens to engulf Europe
      428 18  -  Mainland countries start destroying thousands of infected animals and herds From Neil Behrmann in London THE havoc wreaked on British farmers by the mad cow disease now seems like a prelude to the foot-and-mouth crisis which now threatens to engulf the European farm industry
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      Lock icon Four-pronged plan to put S'pore on genomics map
      641 18  -  World council endorses goals set by Singapore Genomics Programme From Jennifer Lien in Silicon Valley THE new executive director of Singapore's ambitious new Singapore Genomics Programme (SGP), Edison Liu, has unveiled an expanded four-pronged focus designed to put Singapore on the world
      641 words
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      Lock icon EDB venture S*Bio starts US training stint for its scientists
      632 18  -  Biotech research firm working on drug discovery projects From Jennifer Lien in Emeryville, California S*BIO, the first biotechnology research company in Singapore, has started training its scientists in the US and working on drug discovery projects to be later transferred
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        Lock icon BAT's profit up 21%
        44 18 Bloomberg [LONDON] British American Tobacco pk said full-year profit rose 21 per cent, led by accelerated cost savings from its 1999 purchase of Rothmans International Net income rose to £670 million (Ssl.7 billion) from £556 million a year earlier. —Bloomberg
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      • Article
        Lock icon THE to become stock company
        79 18 Reuters [TOKYO] The Tokyo Stock Exchange (TSE) is to become a stock company as early as October to combat growing inter-market competition. It aims to use the demutualisation to speed up decision-making and widen its fUnd-raising options, the Nihon Keizai Shtmbun said. The news comes
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        Lock icon Vodafone gets $13b in buy-back deal
        75 18 Reuters [LONDON] Vodafone Group pk yesterday secured 13JM billion euros (Ss22 billion) from France Telecom as part of its sale of cellphone group Orange last year. Debt-laden Prance Telecom will make three cash payments totalling 11.62 billion euros between March 5,2001 and March 25,
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        Lock icon Australian Stock Exchange profit up
        51 18 Bloomberg [SYDNEY] The Australian Stock Exchange Ltd said first-half profit increased 18 per oent as share trading volumes rose by value. Profit from operations far the six months ended Dec 31 rose to A 127.1 million (S92S million) from As 23 million a year ago.
        Bloomberg  -  51 words
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      Lock icon Bush pushes for 'trade promotion authority'
      630 19  -  In Congress address, he also insists voters want him to ease tax bnrden From Leon Hadar in Washington ADDRESSING a US Congress divided almost evenly between Republicans and Democrats, President George W Bush promoted on Tuesday two controversial legislative initiatives, calling on America's lawmakers
      630 words
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      Lock icon Mitsubishi Motors' chiefe to quit if targets aren't met
      414 19 ■GENEVA Bloomberg MITSUBISHI Motors Corp's president and its chief operating officer both said they will resign if the Japanese automaker fails to meet profitability targets by the end of March 2004. Mitsubishi Motors, 34 per cent owned by DaimlerChrysler AG, unveiled
      Bloomberg  -  414 words
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      Lock icon George just bowls Congress over
      850 19  -  His speech was interrupted by 88 rounds of sometimes thunderous applauses, says Catherine Ongin New York Catherine Ong PRESIDENT George Walker Bush is often portrayed in the US media as a bumbling, not-too-bright man who got to where he is because of his last name.
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      Lock icon IMF warns Britain over tax, spending plans
      219 19 LONDON Reuters THE International Monetary Fund (IMF) has warned that British Finance Minister Gordon Brown's tax and spending plans risk harming the economy, the Financial Times reported yesterday. IMF staff economists had written in a report that the Chancellor of the Exchequer's borrowing
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      Lock icon Abbey, Bank of Scotland may bring in European partner
      264 19 LONDON Reuters BRITISH mortgage bank Abbey National and Bank of Scotland are considering a complex plan to bring a continental European partner into their proposed merger, the Guardian newspaper reported yesterday. It said the move was one of the strategies being
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      21 19 The online edition of The Business Times will cany the full text of President Bush's speech. We're at: httprfbusine9s-times.a3ia 1. com.sg
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      147 19 Resource Relocation The Immigration j \t ij Care Professionals* (Canada) Ltd. www.rrcanada.com Canada A Land Of Opportunity Opportunities in Business, Careers, Education, and Investment Resource Relocation Canada's: March Seminar Series SINGAPORE MARCH Btk With Special Ouest(s) from: RRCanada: Stephen J. First, 8.A., LL.B. (McGill) An overview of applicable Canadian laws,
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  • FINANCE & commodities
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      Lock icon Futures slide despite cash market gains
      245 20  -  SQX Derivatives TradingReport ST huOex/MSCl STpore Index Wong Ann Chuen THE Singapore stock market rose yesterday primarily due to banking stocks. The benchmark Straits Times Index added 10.26 points or 0.53 per cent to end at 1,947.40 points with 29 counters advancing and 19
      245 words
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      Lock icon Jakarta buying modest amounts of sugar
      276 20 Reuters INDONESIA, South-east Asia's largest sugar importer, has been buying only modest amounts of whites, expecting the world price to fall further on weak global demand, traders said yesterday. "At the moment, Indonesia's buying interest is very weak. We are on the defensive side,"
      Reuters  -  276 words
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      Lock icon CURRENCY REPORT
      235 20 Reuters London THE yen slid to two-week lows against the euro and the US dollar after the Bank of Japan cut key interest rates yesterday, citing mounting evidence of a weakening economy. The euro was the biggest beneficiary, a 2 per cent rally against the yen helping it
      Reuters  -  235 words
    • Article, Illustration
      Lock icon Untitled
      1153 20 BTBKMHCMBMTB Mi8 C$ !■> far* wr itt Mtii»l*i V« Wtm 8M K2$E* ti Nw s$ 8—4 Sfr ITS ■*< Hmt ml AnstraK* 0.804 4.365 (1571 1743 11* 4102 24.493 ***** 0.6E 6.583 l»W 1222 ***** ***** 0.916 4034 0.879 17.028 7? if 0 364 0526 Caaada 1244 5.429 0.710 U55
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      1690 20 SI COM FUTURES Feb 28 RUBBER (Mms dart* •> at UQpa) RSS t CONTRACT (S cwtsAfl) CtOM VolMM OpM Moot» Hifh Low Sott (touts) mtrtrt Mar 01 101.25 Apr 01 102.50 800 May 01 105.00 800 JM 01 106.50 800 RSS 3 CONTRACT (US caab/k«) VofcMM OpM MooHi M|fe Low
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      32 20 N M ROTHSCHILD SONS X 200 ytmrt of hanking Tel: 65-535 9677 65-535 9100 Fax: 65-535 8713 r tin J. L'liT c J Email: trcasury^rothschild.com.sg Call Rothschild Treasury Services today. website: www.nmrothschiJd.com.sg
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  • STOCKS east asia
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      Lock icon Hang Seng Index slides on selective selling
      2846 21 HONGEONG AFP P Hang Seng -4(186 HONGKONG share prices dropped 0.3 per cent yesterday on selective selling amid weaker US shares, dealers said. The key Hang Seng Index lost 46.86 points to close at 14,787.87 on turnover of HK514.21 billion. Johnson Hui, vice-presi-dent
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      Lock icon CHINA
      1056 21 Reuters Shenzhen Binder *1137 CHINA'S hard currency B shares shot up nearly 10 per cent yesterday as new punters hunted for scarce sellers in a market newly opened to Chinese investors and long-time players sat tight, confident prices would continue to soar. Volume was minute since seasoned B share
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    • Article
      Lock icon Nikkei plunges to 15-year intraday low
      2084 21 TOKYO AFP Q Nikkei 225 -***** TOKYO stocks plunged to a 15-year intraday low before recovering some ground to close down 1.4 per cent yesterday following a sharp fall in the technol-ogy-heavy Nasdaq index, brokers said. The Tokyo Stock Exchange's Nikkei--225 average ended down
      AFP  -  2,084 words
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      110 21 I INTELLIGENCE CHANGES EVERYTHM6. THEBUSINESSTIMES The Taipei market was closed yesterday l» T* «M UP r* C] •CUI tmt V*M»VMO WtUlWtt^innlo iMrsunc p->« ss»o iw o sSo wywoor < cam* WO oa»SU»o«')(j>i»»«»M)0* 00 Ktftftne srs CM ism*, ;mo «*ftw-|2TS CO un* an T39 ruv» T«m *J» T4496 I0«M cw*» «mm
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  • STOCKS klse
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      Lock icon KL stocks close marginally lower
      390 22 AFP nOmpogtalniex -LIC MALAYSIAN shares closed marginally lower yesterday in quiet trading with most investors sidelined, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended down 0.27 per cent or 1.90 points at 709.39. The Second Board index slipped 1.15 points to 124.12. Dealers
      AFP  -  390 words
    • Article
      Lock icon Untitled
      8809 22 mDUSTWAU Ml# L— CkPkBaay Sale "000 MH» law Pft I— MO 300 Aimomolo 312 94 126.5 45 30 Angheea 37 unch 12 37 36 |4t 342 206 ApeBaFeedMB 310 (I 124.0 356 306 WtFN 336 -2 3 338 336 >X5 2251 3675 3225 BAT SOC 3650 >00 1466 36 5
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  • SGX clob & regional stocks
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      Lock icon Untitled
      2573 23 BONDS* WARRANTS Feb 28 M Mi M fapkr S2-M IMI M Wm Hi Hi ill k| Mtai tar Mi Ma I— trnmm «W rww u» ta» w w nw un 40 0.5 i Acma W*****4 0.5 0.5 1 1 410 1 300 451 109.00 5 24 2.5 s AMTach ******7
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      Lock icon BANGKOK
      741 23 AFP Q SET Index -L 72 THAI stocks dropped 0.5 per cent yesterday due to a sell-off triggered by a decline in the US market, dealers said. The Stock Exchange of Thailand (SET) Composite Index fell 1.72 points to close at 325.20 points and the SET 50 index was
      AFP  -  741 words
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      Lock icon MANILA
      274 23 AFP CI Composite Index -1&B1 PHILIPPINE share prices fell for the third straight day yesterday with the Composite Index down 18.81 points at 1,613.49. Volume reached 989.89 million shares worth 995.40 million pesos from Tuesday's 1.66 billion shares worth 546.68 million pesos. AFP N»» ho WD Abacus Construction 0.58
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      Lock icon JAKARTA
      696 23 AFP Pftmpoßtafate jjj INDONESIAN share prices closed 1.2 per cent lower yesterday with concerns over the ethnic killings in Kalimantan undermining sentiment, dealers said. They said the decline in Indofood immediately after the market opened, on concerns about its financial problems, put pressure on other major stocks. The Composite
      AFP  -  696 words
    • Article
      Lock icon WELLINGTON
      265 23 AFP QKLSE-40 -IUI THE New Zealand stock market fell 0.8 per cent yesterday with takeover target Fletcher Challenge Energy dominating trading, according to brokers. The NZSE-40 Capital Index was down 16.11 points at 1,972.03 points on turnover of NZ5206.5 million. —AFP Ntit *h mm Advantage KOS 1-45 -0.10 194
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      Lock icon SYDNEY
      519 23 AFP QAnOrtmariu +23.40 AUSTRALIAN shares closed 0.7 per cent higher yesterday after banking and resources stocks benefited from positive investor sentiment, brokers said. The All Ordinaries index rose 23.4 points to 3,274.1 while the SP/ASX2OO climbed 24.1 points to 3,326.5. National turnover was 552.58 million shares for A 51.95
      AFP  -  519 words
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      Lock icon SEOUL
      289 23 AFP rl Composite Infai -KLS3 SOUTH Korean shares rose 0.1 per cent yesterday with the index up 0.53 at 578.10. Volume was 348.8 million worth 1.6 trillion won. AFP wa AnamSeml 4300 -190 Brain Tech 725 0 Central Bank 170 0 ChrttComm W5000 4000 Dee G«i Bank '575 20
      AFP  -  289 words
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  • Article
    Lock icon STOCK sgx
    8284 24 SGX MADfBOARD Transaction date: Feb 28 52-Wl Ladt Vel Day Last OwU Mv VT6 Net Cap A^ HM> t— CiH)liy *6l6 fOOOl W|> L— Bwyr SaMr Cw Ptl >3 Ww MUtTl MMJSTRY 151 SI m c AemaSOc 54.5 *0.5 127 Mi 54 54 54.5 5 4J U U
    8,284 words
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      275 25 Where to wine, dine and entertain...'™? < matt BB|s^ Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: $27.80 (Adult), 40% discount (Child) Dinner. $28J0 (Adult), 40% discount (ChHd) For reservations, please call 290 8005/299 9011. Prices subject to service charge
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      48 25 HIGH TEA. FAVOURITES Enjoy heal and Western favourites in a daily bigb-tea buffet at The Mezzanine Cafe Bar. 12:00 noon to 5:00 pm daily Weekends J23 80+++ k^gM** wccKcnw. f*j.Ovf 11 c«t« 4 Reservations: 831-6286 ---♦>, J tuEu 133 Orchard Road, Snapac 2 ***** 1*737 4411 F« /32 236!
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      793 25 Y.i 11 i yzryga^—^^flHtnl gfettaKflill 10.00 The Practice. 130 Business Breakfast. 1240 MN The World ToI'l'f3Bf 1 ILOO Familv Law. 740 The World To- night. nwv ri,?L Central: MN s Uk S talkings day/Business Break- IX3O AM Business Tonight. r, u Clues L3O AM Thursday Mid- fast inn Headlines JHS
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      Lock icon Page 25 Miscellaneous Column 2
      268 25 URIHIC CROSSWOKD ACROSS 4 Making a convenience of spies? 1 Unusually short dance likely? W (2,3,5) 5 I have been taken in by false 6 Blackleg, a disease of sheep (4) creed of charlatan (8) 9 Learner following taxi backing 7 Saiptor'shoteinone(7) into river what a disaster* (7) 8 BansUriahasaciegrace(s,s)
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  • NEW AISA BIZ WOMAN
    • Article, Illustration
      Lock icon Ultrasound diagnosis not sound?
      633 26 Study casts doubt on reliability of ultramttd scans in detecting Down syndrome in trewotab AP [CHICAGOI SEVERAL features on ultrasound scans that doctors thought were warning signs of Down syndrome are almost always harmless, leading many women with normal fetuses to undergo unnecessary amniocentesis, researchers say.
      AP; FILE PHOTOS  -  633 words
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      42 26 Lianhe Zaobao I +Hfrff I IChinJsnew i I Commercial Counsellor I I Zhou Hongli I I plans to visit I lonce P aweek I stand by this weekend > ns survival guide > army mum margaret chan > jungle boogie > woman warrior > art of war
      42 words
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      148 26 A Trio Of Tuna L I vJ r v ■< Jj'» yf a««aarekJwtfl HP I PHWi w HUH v mm m\Wm. MMHi Our 3 chefs, Chef Chan Chen Hei from 2-10 March 2001 Li«ch(Mctthytoftic%) Hai Tien Lo Cantonese Restaurant, Level 2 Tel: 434 8332 Dinner (Daily) r A,. '^4k Chef
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  • EXECUTIVE Suite
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      Lock icon Auctions draw home buyers
      1248 27  -  While commercial and industrial properties were more popular at last year's auctions, home buyers are filtering back, reports mabissachbw MARISA CHEW Nonresidential properties were the star performers in the auction scene last year, but auctioneers say interest is stirring in residential properties. While commercial properties are
      1,248 words
    • PROPERTY
      • Article, Illustration
        Lock icon Property valuation in the New Economy
        1978 28  -  Amy khor and tat bah pob explore divergent trends like the growing importance of valuation and the Internet's spawning of cheap data AMY KHOR, TAY KAH POH Amy Khor is president of the Singapore Institute of Surveyors and Valuers; Tay KahPoh is a director
        FILE PHOTOS  -  1,978 words
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        Lock icon Using your CPF for non-residential properly
        1165 29  -  By Chan Chen Yee The writer is a partner with Drew Napier CERTAIN conditions have to be met before a member can tap his Central Provident Fund to buy a non-residential property, whether for investment or for his own use. The CPF can be
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      • Article
        Lock icon New homes for sale
        520 29 DEVELOPER/OWNER DISTRICT LOCATION SIZE TOTAL UNfTS NOOF PRICE TENURE JL. J L II J (•q» LAUNCHED UNTTSSOLD (Spsf) Queens Allgreen Prop 3 Stirling Rd 914-2,723 536 289 760 99-yr River Place FEO 3 Haveiock Rd 678-3,229 509 420 950 99-yr Ceribbeen at Keppel Bey Keppel Land
        520 words
    • BY DESIGN
      • Article, Illustration
        Lock icon Minimalism with a... twist Minimalism with a... twist
        897 30  -  That's this year's look, says Momentum Creations Nobel Design's retail arm which did some trendspotting at some of the world's largest furniture and accessories fairs in Europe. Reports by mibibbi chew MARISSA CHEW IT seems Ironic that your DVD-player, electrical toothbrush and
        897 words
      • Article
        Lock icon OM appeals to the fashion conscious
        293 31 AT Momentum Creations, which is the design and retail arm of Ses-daq-listed Nobel Design, retro is the key word for this year. Design and product development manager Adrian Chua has taken the credo of curviness to his designers, resulting in square coffee tables with
        293 words
      • Article, Illustration
        Lock icon An Old Town coming up at East Coast
        543 32  -  Despite the poor showing of themed areas, boss George Wuu is investing up to $9 million in his East Coast Recreation Centre so that ifll become an Old Town with 'aged buildings' but with thrill rides too. By MhXBSA CHEW MARISSA CHEW
        ARTHUR LEE  -  543 words
      • Article
        Lock icon Ascott bags deal to run Melbourne serviced apartments
        409 32  -  Serviced flats at Myer House will be done in '03 By\ Marissa Chew THE Ascott Group has added another 135 units to its serviced residence portfolio by snagging a contract to manage serviced apartments in Myer House in Melbourne. The listed serviced
        409 words
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        Lock icon Setting up your home office
        898 34  -  Ru Colin Lee Colin Lee is a freelance writer HE home office is becoming popular in Singapore. Some companies, in order to cut down on high rental bills for prime office space, have I issued their staff with notebooks and encouraged them to work from
        FILE PHOTO  -  898 words
    • HOUSE HUNT
  • Page 27 Advertisements
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      144 27 YOUR COMPANY SHOULDN'T JUST LOOK GOOD ON PAPER. T mtMKtt^ -I .-J n V BIH ■■■j r 3 __J3| lßiii--J? ffln aHlX''- "sf Exhic-r-z Zifvit HP3I lIP Bp 1 Mp l Pi n I /A' ll^^ByiH ■I f bi rii ii in h g* j jrjl Companies ought to have
      144 words
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      88 29 w th Drew Napier EN BLOC SAL£ BY TENDER i 190 Changi Road, I i near Eunos MRT Modern 4-storey commercial building with .iufl showroom basement carparking. mSkf behold. fllnK Lan d Area: 17,261 sq.ft. approx. H Floor Area: 41,258 sq.ft. approx. SimijHK Next to GE Life-Changi Centre, AIA Changi,
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      322 32 BUNGALOW PLOTS FOR SALE 200 208 JERVOIS ROAD s Jervois/Tanglin GCB area cja Elevated with commanding ¥~~Zviews of surrounding greenery rtlS"* 16,146 sq ft to 17,007 sq ft /ZMIBJeeT Freehold u V asaa. /1 PwOPBRTY Vacant Possession 0 BV SYnr ior For further information, Tear please contact: Jg Chin Teck
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      347 32 f J° NES Lang Wf LaSalle, I'- V' /'y r Singapore's most desired address Site Area: 115,000 sq ft approx. Highly exclusive locality /> /J /c2^ Quiet and serene environment V Uw'mu m x i i Potential for 7 units of Good Class Bungalows nLs//TV Rarely available development opportunity /°tsr
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      262 32 PRIME OFFICE/WAREHOUSE FOR SALE along Paslr Panjang Road Modern 5-storey semi-detached warehouse Prominent main road frontage Gross Floor Area: 72,500 sq.ft.approx. Land Area: 26,844sq.ft.approx Ideal for Corporate HQs, Logistics and IT firms. Freehold. For mow Information, ptaaaa call: Donnls Tsy or Ms Soon Su Un dtay Q ctorichardeMis.com ,sg www.ctore.com.sg
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      298 34 With the DBS Home Loan Advantage you get much more than just a better rate. Like Illustration for Great Start Great Start, where we tailor your loan with low, affordable initial instalments so you Assuming a $750,000 property with a $600.000 loan overyears. can own your home sooner and get
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  • SHIPPING TIMES
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      Lock icon MARITIME STOCKS
      194 35 k?kssasr=oS ciMMn Mup__ o36 -aot ww Catca kw««tnwnt—O.W unth ltl rrataMUMu OJO uncti 194 GOHoWlogs 0.46 until W IMCHoMmi HK —.5-60 uncft 0 Jay* HotttoQi 0.16 MNh 60 ItaHMlCorv M« unc* 2845 KapprtFELS 1.0* -<U» Ol SSStMvm* o.i7 nun ton MMMTM LIT a04 246 uRvMMW OJO uncfc 84
      194 words
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      Lock icon MPA, NTU to set up maritime research centre
      454 35  -  Initial $lm seed funding for Maritime Research Centre to be topped up yearly By Donald Urquhart [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) and the Nanyang Technological University (NTU) formalised their research links yesterday with the creation of a dedicated
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        Lock icon Asian Terminals to invest 1.2b pesos in Manila port
        393 36  -  Terminal operator hopes to strengthen market share with upgrading of South Harbeor facilities Reports from Alec Ahnasan m Manila PUBLICLY-listed port operator and logistics provider Asian Terminals Inc (ATI) plans to invest about 1.2 billion pesos (5543.2 million) this year to
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        Lock icon Operators told to improve efficiency before raising handling charges
        341 36 THE Port of Manila's two international terminal operators have been ordered by port authorities to improve productivity before raising cargo handling charges. The Philippine Ports Authority, which administers the Port of Manila, said in a recently released memorandum circular that Asian
        341 words
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      Lock icon SHIPPING SCHEDULES INDEX
      167 36 PACE Assets S Austral 6 BatajiShw S BSA 7 6'tanq Mas 6 COM 7 CMACGM 3 COSCO S CSAV 3 i Central Ex 6 Cho Yang 5 China Styg 5 Cougar 7 i CVT Gtobeimk 7 Drina 4 DjakUoyd 6 Doognami 3 Ustrans 6 to. 4 ECU
      167 words
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      13785 42 THEBUSINESSTIMES Page 8 EXPORT THURSDAY, MARCH 1, 200' ETA ETA Advertiser Vim* Voy age Telephone SIN 0**f" Name Nemo Number Number To ABIDJAN (ABJ) 2003 Cot* D'I voir* 13/03 17/04 MM VILLE DC TANYA T42W 65-*****44 14/U 28/04 COSCD YUAN HE OOOIW 45 *****00 21/03 24/04 Mw VILLE
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        Lock icon CONVENTIONAL WHARVES
        797 44 Vtssrt Voy Mo Bfth Arrival Departure Let Ufttr P»271 28/02/730 01/03/6.00 It H J ***** JOI 28/02/8:45 28/02/800 nsjM ***** JOI 28/02/*10 28/02/23:00 HMNM 838 101 J02 28/02/835 04/03/T700 •Mw 2 025S01 J03 28/02/7:45 28/02/2WX) It Cl Mr*3 ***** JOI 28/02/11:45 28/02/2300 IwsMttnW 1*1057 J02 28/02/9:50 28/02/16.00 Tuncn*ngl9
        797 words
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        Lock icon CONTAINER SCHEDULES
        1942 44 RECEIVING Of EXPORT FCL CONTAINERS AND La CARGO BooMuq/Mmk* tstls Ship Voy Ho Etb/Btr Ptrkx) Fro* To From •CHICVM M 3/12*0 M 27/BM 27/MM 27/8M a vrm 2tnu* 20/0900 a 27/itm 21/0*59 worn j zvoroo 20/1159 20/1400 4 20/bm rtw a/1700 ACI(MKT 23S VZODOO 27/BM 27/MM 27/MM 27/1700
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        Lock icon GLOBAL HOLIDAYS
        203 44 Marl South Korea: Independence Movement Day. Mar* Brunei: Hari Raya HajiIndonesia: Idul Adha A.H. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Mar 17 Ireland: St. Patrick Day. United Kingdom: St.Patrick's Day. Mat 20 Japan: Vernal Wquinox Day. Mar 21 Mexico: Benito Juarez Day. Mar 20 Brunei: Hurah.
        203 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        794 44 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        794 words
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        445 44 Carta* MO Hn 90L5 0.4 6.9 0.06 42 0X3 fab 22 Density Mar M*n Art UmMm ilfclH MortowE25 0 0 1 0 0 0 1 300 Ay* 905.7 0J 13.0 0.06 27 0.01 300 Mo 909.7 0.7 MX 0.09 S2 0.03 K8/W1 vA W Morton 635
        445 words
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        Lock icon US to review big airline merger plans
        619 45 Transport dept will start by examining proposed deals of American and United airlines first Reuters (ARLINGTON, Virginia] The US Transportation Department will review aspects of airline merger proposals, according to Transportation Secretary Norman Mineta, who said the new initiative would start with planned
        Reuters; FILE PHOTO; AFP FILE PHOTO  -  619 words
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        Lock icon Airbus wins US$1b order from Qatar Airways
        285 45 Bloomberg [TOULOUSE, France] Airbus Industrie said it won an order from Qatar Airways for two A3Bos and five A 330-200 jets worth about US$l billion (551.74 billion) at list prices. It also took options for an additional two A3Bos and three A330-200S. Airbus
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        554 45 NYT [JOHANNESBURG, South Africa] Two European airlines have decided to drop service to South Africa, another has ended its direct flights and yet another is expected to end all service here. Curiously, the news comes as some of the
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        Lock icon AA pilots lose appeal against strike penalty
        510 45 US Supreme Court turns down onion plea to overturn award against a '99 sickont Bloomberg [WASHINGTON] The US Supreme Court refused to overturn a U5545.5 million (5579.3 million) penalty against a pilots' union and two of its officials who ignored a court order
        Bloomberg  -  510 words
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        Lock icon TBI to raise stake in Luton airport by 65%
        89 45 Reuters [LONDON] UK-based airports group TBI pic said yesterday it would buy a further 65 per cent of London's Luton Airport for up to £82 million (*****.1 million). The proposed acquisition would result in TBl's holding in the airport increasing to
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        1573 45 an mwr n> a—r a mimm tnm w mmii mim m am m w w wt aw 41llf AM327 0T40 6A97I 0120 «4327 0740 0.0*44 0125 SO377 0740 KLOtM 2330 MW 6B M24 2340 m— w ox5 w aat MM "***** 2020 H2420S 2045 MM W
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        457 46  -  Ho Chi Minh City is the 19th city in the express carrier's Asian network, reports CAROLTIt OE3 in Ho Chi Minh City CAROLYN OEI FEDEX Asia Pacific has added Vietnam to its Asia One network. At a press conference on Tuesday in Ho Chi
        457 words
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        Lock icon GAC Philippine unit awarded ISO 9002
        157 46 (SINGAPORE] GAC Shipping Cargo Systems (Philippines), a branch of the shipping and logistics company Gulf Agency Company, has been awarded the ISO 9002 certification for it quality husbandry and liner agency services. The award, accredited by classification society Det Norske Veritas (DNV), recognises the
        157 words
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        Lock icon Swisscargo books record freight
        176 46 (SINGAPORE] Swisscargo, the airfreight enterprise of SAirLogistics of the SAirGroup, booked a record 2.8 million freight tonne-kilometres in 2000. This is a 7.7 per cent increase in freight tonnes for the world's fifth-larg-est airfreight network. Swisscargo said in a statement that as it continued its growth
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      294 35 today IH Ik ■B m m H B I The 'best deal* lies in the eye of the beholder, certainly in the non--11 I g transparent bunker market. After all, how can you tell what the I best deal is if you haven't got a clear view of the market
      294 words
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      133 35 =s Fast; efficient and transparent Warehouse Logistics with the Software-System LAGOS for e-fulfillment in your Warehouse and Logistics Centre Optimised Warehouse Location Management Paperless Putaway and Picking by Radio Frequency, also Forklift Control AS/RS Automated Storage Retrieval System as well as Conveyor Control Picking, Packing and Shipping control Logistics Control
      133 words
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      186 36 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com SENLIM AGENCIES PTE. LTD. 133, Naw Bridge Road, (06-06, CNnatovxn PoM
      186 words
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      551 36 lines services represented by Members of Registry of Members of4w Accredited Shipping Agents, Sin 9aP orß Lo9'*»»a Singapore Shipping Association Association gH ULT IN MMI 13 Ivosa Twr flu ["ha flu P. KLANG SPOK! HAH 9 >> 1 I Empress Lity VP3OI 14/03 1 5/03 22/03 PrincssUy VO3Ol 30/03 31/03
      551 words
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      1191 37 j.* 3 Zt' 1 SAX SERVICE (DIRECT) VISSEL VOY I SIN ETA UU OAK DAL HOO CM COi MM ATI NTC Aft SARDONYX 0261 17/01 01/02 05/02 05/02 05/02 05/02 05/02 05/02 06/02 06/02 API TURQUOISE 0401 24/01 00/02 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 API JAW 0261
      1,191 words
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      1626 37 TOt COUMM 1 EYIKT BOMBAY I ti/T»4iiro J GENERA! AGENTS M SINGAPORE SO ROOINSON ID f 12-00 SAifS/HGS TIL 4205*57/43 FAX: *****21/71 BAIATSIA OOFKE i PASB GUDANG TIL 07-*****44 FAX: 07-*****70 COSTAR CHIPPING PTf LTD SINGAPORE *****0 OUTWARD (l/l) *****02 *****25/75 PORT KIANG 03-*****433 03-******41 »rv- ii7l7«oo«££ TIL 22* 1900
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      360 37 ygsa wTM|it sw HnwAiswnß osss mm mm ii/piwaoll3/03 ivw SiS ~m/m IWWIMM ay liB -T57D3— am mat iQ3s 04/03 OiAH 1031 am 11/03 13/p pO/03 |lA/C 3 IMB arc *54* IO3S 87/03 15/03" 120/03 11/83 ypsa »0T SW MI MO SUA UP HSt IAaWOIfT 02M 10/031 14/tt3|lt/P| ||a»HMai TX 07/
      360 words
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      1435 38 C SENATOR LINES TOIUtOff TOMPPii IAST/KAN/MD SIA vtssa wi m_ w |m |w IvTssa w I i« hi m 1 m I NANANIOEK Mim 71M IAJ3 17.03 I*o3 25.03 24.03 J7.03 AtFARAMM NIK* HM 03.03 0043 10.03 11J3 HMUM MW TOM OIIOW 02.03 24 03 25.03 77.03 13.03 25.03 MIMU
      1,435 words
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      901 38 iifl MAC-NELS S PORE M'SIA Carrier: MM CONTR LINES, INC p.quoanq: fo7)joa*7» 1 ~l\ J CWNOiiaMSTVMM SOU: (064) *****9 MAMLA: (632) *****4 W PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELAHQ: (03) *****77 JKT (21)*****46 KUCHWQ (062) *****1-3 LAEM CHABAN6 HO CHI lIINH MV "ASIMONT" V.L8047 MV
      901 words
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      543 38 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FORN SHEVA(CFSMUUMD, MUMBAii COCHIN COLOMBO ALSO ACCEPTMG TO Ml NORTHERN ANO WESTERN 1.C.0. POMTS VMMI S PORE H SHEVA COCHIN COLOMBO P KLANG FRONTIER VIMW M MAR 13 MAR KHAR II MAR a MAR PU GLORY VIMW 11 MAR 21 MAR 23 MAR 21
      543 words
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      1366 39 VOY KHH HKO «N HO. OXB BAB PXUW BMK MAN HORMOZOAN PCI-196 27/02 ***** 03/03 04/03 11/03 12/03 14/03 16/03 MAN TBCAN PCI-197 06/03 07/03 10/03 11/03 It/03 19/03 21/03 23/03 MAN TAtATABAH PCI-198 13/03 14/03 17/03 It/03 27/03 2t/03 30/03 01/04 MAN KRMAN PCI-199 20/03 21/03 24/03 25/03 01/04
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      346 39 I LoaAngfor 1 OCEAN ISLAND ROM/ATW/BMNAJK I Loafc Singapore, E7W. Malay—. Indonaaa 1 Loading for LOKKRANTI JOH/AQA/ADN ARETE JDtVAQA/DMT BAN ANN DBVARJYDC»VBRN/DMM/KWT SAFEER JDH/ACWDMT EVDOXIA HDtVJOH/AQA VI HELLAS OeVABU/DOH/BRNA)MM^<WT SUN ACE D6l/ABU/DOH/BRN/DMM/KWT •Loads Singapore. E7W. Malaysia Indonesia I Loading for 1 TAJCANGHAJ VCB//CW/LAX/MZL I OCEAN GOLD CAM/NFK/SAV/NOL I ROJAREK NAREE
      346 words
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      1203 39 I EXPORT I IMPORT I pu« -jy M as,,a, a,■,&-»%s%u la h% iiKiliillm ffUNGSOI 011W *l l/'O4 *17/04 71/04 30/04 03/05 04/05 01/05 jHJOSLO OIH 15/ M 117/ M 11/W 23/11 M/M mm pip >»ws»'— wdp tpi s TRANSPACIFIC SHVICI EXPORt -wMMaMMMMnmaw—ivw/MH/suaßi-ati«»Bwixi/aw wag aff«i«tß/» tarn mtoiumimiii aw VBSQ VOT SM
      1,203 words
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      686 40 maiyjmi&ii BMW ms*/*ma I sgp lao vnt log jau 'mm |wv~;nr m p hub 00*045* IMP IMP ndavro 22A821A8 2MBfeiß*aMa (juNawaasaMir ii/n 2vra isiiivaq 2Mb 2Mb Ijwj[ol/04V-w ginawMiw WB gjngjgjji WOWM wMjoM* p«Nrrw7«<w am nfcwoiiwww lxwiiw'iw'ivwMM gigQBWMi(M»«a» OIAN oMttiiP/w HAM im'?ivD4*aD< aw JUBUAOMNH4W OMM [27/M|2fA)4|3MM ALSO ACCOTNG CAKO TO AND
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      340 40 zmmmmrn I ix^orr Ivtssa VOYAGE SOP CM DUD JM AN OM lAN KM NXV OTWE 0005* 02/03 IVO3 15/03 If/03- iMAME *****3W 04/93 WAD 14/03 15/03 UNMGE 0144-032* 04/03 10/03 14/03 HAD SOMHE 0142* WAD 20AD- 22/03 24/03 ■IM issue *****1W HAD I4AD2IAD 22/03 UNWUUI 0147-005* 13/0317/03 7V03 24/03 I
      340 words
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      914 40 rasa I VOT Hi mr io» vtssa vot sm jkt m «il!i 1430 03/03 07/03 HMIHM 421S ~5a5~ 04/03 jflßUSli EoL__Maj BZJ2 SS4L_ 051 M/D3 w/M jw*S»i w/03 w/03 myEBOw jg -gCZ MOB 04/03 10/03 W/D3 IM* Sfl Id/03 MM WW" TV* V/K 11/13 |WW I l*" 8 5 S
      914 words
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      432 40 INDONESIA NATIONAL LINE TO AUSTRALIA *T Wfti. OOMIMNI WWWCK wr m m m m I m mm nmmum m u/nu/n u/nji*/t}|a/o n/m MMonr ~m u/nu/n b/o|i7/b jms wbw ~wT n/pn/n n/m >T/o«|o/o« wow ms tk/mv/n o/n|n/M ivw FEEDER SERVICE TO IWDOWESIA f TS m I I tß BWTANG MAS SffiPPINC
      432 words
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      398 41 i BSfl a. M MYANMA iSHBk FIVE STAR UNE W (Myamor Notional Um) W loading for Yoo9oa vtssa vor sin pu m rati PAGAN WOW SIS ■AGO 110W SID OMLATSIA AGENTS: IOUSIIAO SMfPMG AGENCKS lift: TH 03-*****00 PM: TH 03-31/Mlol PIN; TH #4-2****** Nil: TH 07-*****21/4 BANK LINE (A strvie.
      398 words
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      1242 41 HYUNDAI MERCHANT MARINE CO., LTD. Ivesa. vot BTI sou |ia I rim am mam mv |*ssa vor sou lum «tn lan nam Imv| M APIAUAAMOC V32OW 01/03 19/01 24/03 21/03 22/03 Aft MALAYSIA *0021 05/02 10/02 07/02 00/02 01/01 MOLTTNI VLS42W 02/03 23/03 14/01 10/03 20/01 HYGORRAL *3291 13/02 07/02
      1,242 words
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      712 41 Wtar WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA "CM *o*o HtAVYUFT SBtVKE* IVBSa VOY IW HBGHT SW lOC I MAO jTW [MLlOif I MTC I ttW MOO I TOUtCOMG AM 104 OOOTaas 6.3* 11/03 14/04 17/04 10/04 21/04 22/04 24/04 2S/04 20/04 TAMOU AMIO7 4001 m 6.3 M 20/03 04/0S
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  • Page 44 Miscellaneous
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      122 44 o^ LEGEND: Issued by Meteorological Service Singapore Thunderstorm A Showers Rain Temperature <-,✓-/ Wind direction and speed in knots m ?7 Weather Cloudy Day C **f Mazy Sea Conditions Wind speed symbols i O Full circle w/o line indicates calm or light and variable winds -"—One halt flee he represents
      122 words
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      58 46 Aviation news, aircraft schedule on arrivals and departures am on page 11 I I iS jfi. DHLs inventory hc^ 00 285 8888 or visit www.dhl.com.sg M j m IlKt vAj w> afyf T* i jrf VflU»*f. Lr mtf *1 >J» M Tr~ /y^^Mjp^^v ijß|jjr^**^ X V j t» S v
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