The Business Times, 6 March 2001

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Microfilm: NL22164
Total Pages: 34
1 34 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/ TUESDAY. MARCH 6. 2001
    14 words
  • Article
    Lock icon MARKET SUMMARY
    71 1 □sn MOOJt (-7.18) nff-su U 787J0 (-6.28) ST DJDEX FUTDIES UlldOQ (-1.00) SOCKS FUTURES MSJSO (-0.20) STOCK MARKET INDICES Monday Change KLSE COUP 706.03 *tM NIKKEI 225 I2J22.16 HANG SENG 14J»J*_+16&88 SET INDEX -Ml JAKARTA COMP efc**L___MANILA COMP _l,61fcH >19J7 TAIPEI WPI 5.***** +II0J2O SEOUJLCOJIP MU8 +6* CUSA
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  • Article
    Lock icon FIHANCE
    78 1 POKEX KATES uss s$ USS (SS per US$) 1.764 £(US$/S$per£) 1.479 1679 EITIO(US$/SS/E) 9.933 1.637 DM 2.096 1.196 YEN 119J C7M RM 1890 2.167 HKS 7J09 4.447 BART 4147 14.78 RUPIAH 9,860 MM »,»W P,OU •SStolOO units PRIME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.S7 JAKARTA 39.60 BANGKOK 9.30 MANILA
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  • Article
    Lock icon OCBC and ANZ kill plan for standalone cyberbank
    855 1  -  Cost-benefit analysis shows model not viable; new CEO looking for other jobs Byl Serena Ng [SINGAPORE] Barely seven months after its inception and just six weeks after its new chief executive came on board, OCBC Bank and the Australian and New Zealand
    855 words
  • Article
    Lock icon Threat of another bombing roils Thai bourse, baht
    576 1  -  Earlier blast puts the focus on lax security at Bangkok's Don Huang Airport From 1 Harish Mehta in Bangkok THE threat of another bombing after an abortive attempt to assassinate Thai Prime Minister Thaksin Shinawatra rocked financial markets yesterday, sending the stock
    576 words
  • Article
    Lock icon SingTel hot favourite in battle for Optus, say Aussie reports
    361 1  -  By David Boey [SINGAPORE] Singapore Telecommunications (SingTel) has emerged as the hot favourite in the multi-billion dollar bidding battle for Australia's No 2 phone operator, Cable Wireless Optus, according to reports in Australian newspapers. The Sydney Morning Herald said yesterday
    361 words
  • Article
    Lock icon MAS ready to smooth out Optus effect on S$
    241 1  -  Byi Larry Wee [SINGAPORE] The Monetary Authority of Singapore hinted yesterday it is ready to step in to smooth out the effects of any spike in demand for US dollars caused by overseas acquisitions such as SingTel's possible $7 billion buyout
    241 words
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  • NEXT page
    • Article
      Lock icon UOB Asia slapped with $400,000 in fines
      675 2  -  Merchant bank misled investors on trne subscription levels for Hua Kok and eWOS IPOs By Conrad Raj [SINGAPORE] UOB Asia was fined a total of $400,000 by Senior District Judge Richard Magnus yesterday for issuing two misleading statements relating to the initial public
      675 words
    • Article, Illustration
      Lock icon Mori survives another no-confidence motion
      814 2  -  But reprieve seen as political expedient, not personal support From Anthony Rowley in Tokyo JAPANESE Prime Minister Yoshiro Mori survived a noconfidence motion in Parliament yesterday, but the reprieve he earned through support from government coalition members was seen as a political expedient rather than
      AP  -  814 words
    • Article
      Lock icon Clarification
      61 2 OUR report on Mar 3 "NSTB and Ong Beng Seng team up in USs3om life sciences fund" cited Bio Veda Capital as saying the National Science and Technology Board (NSTB) had invested US$lO million in the venture capital fund. Bio Veda Capital clarified yesterday that the US$lO million investment
      61 words
    • Article
      Lock icon Famous monk had warned Thaksin of threat to life
      150 2 PlTs aide says this was jut two days before tombing Reuters [BANGKOK] THAI Prime Minister Thaksin Shinawatra, who had a narrow escape over the weekend when a plane he was due to board burned after an explosion, had been warned by
      Reuters  -  150 words
    • Article
      Lock icon Tough second half pares PSA's throughput growth
      515 2  -  Fall-year growth slides to 7.2% from 118% at half-time By 1 Donald Urquhart [SINGAPORE! Container terminal operator PSA Corporation yesterday sounded a warning note on the impact of the US economic slowdown, even as it announced a fullyear net profit of $838.4 million
      515 words
    • ON THE grapevine
      • Article
        Lock icon How abacha deal?
        147 2 RECENTLY, some of us at BT have been honoured to receive e-mail from none other than Mariam Abacha, widow of the late Nigerian dictator, Sani Abacha. Mrs Abacha describes how, with the help of some businessmen, her late husband placed some suitcases containing foreign currency worth US$6O
        147 words
      • Article
        Lock icon Proportional avarice
        135 2 IN the world of fund management, economies of scale dictate that if the asset base increases, management fees must decrease since most of the costs of managing a fund are fixed. Yet, Barron's in its Feb 26 issue reports that there are 260 US mutual funds that actually
        135 words
      • Article
        Lock icon Not on THIS island,bloke!
        92 2 BEFORE you grow a beard to impress the ladies who drooled over Tom Hanks in Castaway, think about this one. A British employment tribunal has just ruled that UK supermarket chain Waitrose was not wrong when it chose not to hire a beardo because it's a
        92 words
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  • SINGAPORE companies
    • Article
      Lock icon Wing Lung shares slide after bank denies report of share sale
      420 3  -  Its stock had risen to 52-week high on reports it was in talks with shareholders, including DBS From< Quak Hiang Whai in Hongkong WING Lung Bank shares fell 4 per cent yesterday after the Hongkong-listed bank dismissed reports that
      420 words
    • Article
      Lock icon De Beers finds it's not that easy going private
      731 3  -  locksiew] neil behrmann LOOKING for a case study on a listed company going private? Then examine the intriguing furore surrounding diamond giant De Beers. It wants to buy out its shareholders for US$l7.6 billion (5530.7 billion), but is meeting stiff opposition
      731 words
    • Article, Illustration
      Lock icon DBS posts $1b lower provisions
      1099 3  -  30% hike in profit to $L3B9balso attributed to group's restructuring By I Siow Li Sen DBS Group Holdings yesterday posted a 30 per cent increase in 2000 net profit to $1,389 billion on a $1 billion plunge in provisions reflecting improved asset quality and the
      ARTHUR LEE  -  1,099 words
    • Article, Illustration
      Lock icon Inchcape Motors profit jumps 53% to $49.4m Inchcape Motors profit jumps 53% to $49.4m
      680 5  -  Lower loan loss provisions in Brunei help; but parent group Inchcape pic earnings down 123% Reports by Christopher Tan STAYING focused has been good for Inchcape Motors. The listed distributor of Toyotas and Suzukis yesterday reported
      FILE PHOTO  -  680 words
    • Article
      Lock icon Wearnes to pay $4.8m for 50% of Daewoo distributor
      380 5 LUXURY car distributor Wearnes Automotive Equipment Pte Ltd yesterday announced that it had agreed to pay $4.83 million for 5.9 million shares in Starsauto. The acquisition, targeted for completion on March 15, represents half of Starsauto's issued capital. WAE is a
      380 words
    • Article
      Lock icon Inchcape: No to $270m offer for S'pore unit
      287 5 UK-BASED motor distributor Inchcape pic has rejected a wellpublicised takeover offer by investment group Guinness Peat for its Singapore unit, Inchcape Motors. In a statement to shareholders yesterday, Inchcape said it would not accept the Ss27o million offer (or 551.65 a share)
      287 words
    • Article
      Lock icon SPH to launch new Chinese magazine in April
      219 6 Entertainment, TV guide will complement new TV channels SINGAPORE Press Holdings subsidiary Focus Publishing is bringing out a new Chinese-language entertainment magazine. You-Weekly will make its debut on April 19. The magazine will be a one-stop entertainment, lifestyle and TV guide for
      219 words
    • Article
      Lock icon Sassoon and KGI yet to finalise tie-up
      317 6  -  By Serena Ng THE merger between Sassoon Holdings and Hongkong's KGI Group has still not been tied up despite an October 2000 target date, with sources saying the broking houses cannot agree on key issues. A source close to the companies said yesterday
      317 words
    • Article, Illustration
      Lock icon MPH Bldg sale boosts company's EPS, NTA
      413 6  -  The firm will lease back the four-storey building from the buyer, Vangnard By Kalpana Rashiwala SIMON Cheong-controlled MPH's sale of the MPH Building for $25 million will boost the listed group's earnings per share by 2.4 cents for the year ending March 31
      413 words
    • Article, Illustration
      Lock icon Adroit H1 loss balloons but firm stays optimistic
      306 6  -  Turnover nearly doubles to $7m;NTA op at 15.98 c a share By Liew Hanqing ADROIT Innovations Limited yesterday announced an astronomical rise in its net losses for the first half year to Dec *****0—from $404,000 in the previous half to $5.9 million
      CHRIS LOH  -  306 words
    • Article
      Lock icon GE didn't refute BT profit report as actual results were imminent then
      448 6 Insurer explains events to SGZ; share price rose 10% over 2 weeks last month Bloomberg GREAT Eastern Holdings Ltd, Singapore's largest life insurer, said it didn't seek to publicly contradict a newspaper article about its 2000 earnings that
      Bloomberg  -  448 words
    • Article
      Lock icon TradeOne Asia expects up to $50m invested in it over next 2-3 years
      230 6  -  By* Janice Lee HOMEGROWN 828 exchange Trade One Asia expects to have up to $50 million invested in it during the next two to three years. About $15 million has been injected so far. "We are going
      230 words
    • Article
      Lock icon KEB plans to sell credit card business despite DBS pullout
      388 6 Bloomberg [SEOUL] Korea Exchange Bank (KEB) aims to sell its credit card business within the month, even after Singapore's DBS Group Holdings Ltd pulled out of talks. Managing director Park Jin Kon said several companies are competing to buy his
      Bloomberg  -  388 words
    • COMPANY Briefs
      • Article
        Lock icon Air force chief to join SIA
        86 6 SINGAPORE Airlines has announced the appointment of Major-General Raymond Ng Teck Hens senior vice-president (Flight Operations Projects) with effect from July 1,3001. Maj-Gen Ng is currently the Chief of Air Force in the Ministry of Defence, a post he has held since July 1996.
        86 words
      • Article
        Lock icon Network Foods back lin the black
        112 6 NETWORK Foods said it has swung into a net profit of (M million in 2000 from a net loss of $1.7 million a year ago. Though turnover for the year dipped 5 per cent to $53 million, it pointed out that sales for the
        112 words
      • Article
        Lock icon Omni Mold lifts profit by 36%
        68 6 OMNI Mold's net profit for 2000 rose 36 per cent to $3.1 million. Tbe group achieved a turnover of $33.43 million, an increase of 45 per cent, including a contribution of $5.15 million from the ultra precision division. The fpuup said the improved performance
        68 words
      • Article
        Lock icon Sim Siang Choon interim dives 41%
        66 6 SIM Siang Choon said net profit for the half year to Dec 31 fell 41 per cent to $1.03 million. Turnover of $17.32 million was a 16.3 per cent drop from a year ago. The group blamed the downturn on the continued weak property
        66 words
      • Article
        Lock icon Lion AsiaPac H1 profit up 47%
        61 6 LION AsiaPac said net profit for the six months ended Dec 31 rose 47 per cent to $4.22 million. Turnover surged 188 per cent to $41.8 million. It said the improved results were attributable to stronger performance by the motorcycle business and electronic component
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      • Article
        Lock icon Lacklustre results for Shining
        67 6 SHINING Corp has reported a 97 per cent slide in 3000 net profit to $144,000. The group said turnover for its construction division fell from $25 million in 1999 to $7.6 million in 2000 due mainly to the continued weakening of the construction industry which resulted
        67 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      450 4 mutkm Vo«unw Integra 5c 13,295,000 PacificCenturylOc 11,004,000 pa 25c 11,043,000 Omni Ind 10c 9,068,000 Chart Semiconductor 26c 8,709,000 Hyflux5c 7,960,000 PacCentMLCW*****5 6,383,000 DBSGip 5,810,000 NOL 5,336,000 MMHMqbIOc 5,301,000 Stocfca > DBSGrp 106,520.920 Chart Semiconductor 26c 43,799,390 0C8C 32,539,176 OUB 25.740.450 Omni kid 10c 23,928.330 Oatacraft 10c 23,472,281 VenturaMfg25c 17,605.195 SPH
      450 words
    • Article, Illustration
      Lock icon Another weak session as players prefer to wait and see
      619 4  -  I=ll comment r. sivanithy THE local stock market was in a familiar wait-and-see phase yesterday after another steep slide on Nasdaq on Friday and ahead of today's Hari Raya Haji holiday. Interest from foreign funds was negligible, leaving house traders
      619 words
    • Article, Illustration
      Lock icon US$ hits high of S$1.7555, intervention may slow gains
      324 4  -  I \t comment CURRENCIES larry wee THE Singapore dollar hit a three-month low versus the US dollar yesterday, punished by Japanese and regional worries, a sharply weaker February purchasing managers' report and news Sing Tel could soon announce a buy-out of
      Source: Reuters  -  324 words
    • Article, Illustration
      Lock icon City Dev: medium-term support at $7.35
      234 4  -  HOT STOCK Byi Ven Sreenivasan CITY Development, the second biggest property stock by market capitalisation, has been drifting sideways amid the weak sentiment for property plays. However, the stock gained five cents to $7.60 on 347,000 shares traded yesterday. The technical charts show that
      234 words
    • Article
      Lock icon Market Notices
      152 4 OVERSEAS Union Trust will go ex-dividend (final diyidend of 6.00 cents) on May 8. Last day for buying-in on a cum basis is May 1L Date payable isblay 22. ♦QIAN Hu Corporation will go ex-dividend (first and final dividend of 0.5 cent) on May 23. Last day for
      152 words
    • Article, Illustration
      Lock icon San Teh warrant: promising but high-risk play
      176 4  -  WABRAMT WATCH By R Sivanithy OUT-OF-THE-MONEY warrants are interesting because they tend to offer high gearing. But this doesn't come free typically, such a warrant commands a high conversion premium, especially if the shares are priced significantly below the warrant's exercise price. Today's
      176 words
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      Lock icon Page 4 Advertisements Column 1
      101 4 In ten days, the legendary Compass Rose will become, well, a legend. On IS 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, consider j dining in the most enchanting
      101 words
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      Lock icon Page 5 Advertisements Column 1
      116 5 I OBSESSED WITH GOLF? c ''.a V-i if- V r «J* jH^ V//K4/K GOLF fl HOLIC HOLIDAY PACKAGES FROM $558' Includes return airfare, accommodation and golf. Receive one complimentary massage after your golf game. SO WHAT ARE YOU DOING THIS WEEKEND? CHIANG MAI KUNMING PHUKET $618 $1048 $558 3D/2N 4D/3N
      116 words
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      Lock icon Page 6 Advertisements Column 1
      109 6 at your place or ours. Available for lunch IVfondays to Fridays "Main-course at $16.00"'" with coffee or tea. Selection of soup at an additional P<U-04€-fe44> (Mon) MouAal /I la Provencal* (Tue) OiUail Sle*u (Wed) Gad&eioie uUtft Slack Olia&L (Thu) Slant*-loa&led Jle<p of J?a*ni (Fri) Ga4A&io4e. tuilU M*i4Jt\oa*t4. attd G+a4t<f+4. (Mon)
      109 words
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  • SINGAPORE news
    • Article
      Lock icon Accountants can now advertise services
      364 7  -  Bat publicity efforts mast be in good taste, factually accurate and dignified By Ven Sreenivasan THE rules governing advertising and publicity by accountants have been liberalised in line with those that apply to other professions. The Institute of Certified Public Accountants of Singapore (ICPAS) and
      364 words
    • Article, Illustration
      Lock icon Minister urges SMEs to re-invent themselves
      401 7  -  By David Boey SME March 2001 a monthlong ideas and networking fest dedicated to small- and medium-sized enterprises (SMEs) was launched yesterday with a call for small Arms to sharpen their competitive edge by re-inventing themselves. Peter Chen, Senior Minister of State, Trade and
      DESMOND FOO, ST  -  401 words
    • Article
      Lock icon Pointers on motor insurance
      381 7  -  Byi Christopher Tan SIX months after it was first publicly mooted, the first report of a motor insurance task force was released yesterday two months past an announced deadline. Initiated by the General Insurance Association to address rising public allegations of unfair practices, the task force
      381 words
    • Article
      Lock icon Stock option scheme details to be announced soon: IRAS
      379 7  -  It is working out definition of 'employees' for the CSOP scheme By] Eugene Low THE government is still firming up the qualifying criteria for the company stock option (CSOP) scheme and will announce the Final details before April, the Inland Revenue
      379 words
    • Article
      Lock icon Corrections & clarifications
      55 7 Corrections clarifications IN our March 2 report "2 high-tech US firms give S'pore biotech a leg up", we erred in saying Isaac Stein is a member of Singapore's Biomedical Sciences International Advisory Council. In fact, he is a member of the National Science and Technology Board's International Advisory Panel. We
      55 words
    • Article
      Lock icon Budget was generous, but...
      470 7  -  I IJ news Economic threats could have been addressed better Reports by Chuang Peck Ming MEMBERS of Parliament who spoke yesterday on day one of the Budget debate mostly agreed on the Budget's generosity but many said they feel it could have done more to address
      470 words
    • Article
      Lock icon MP lauds move to stir local enterprise
      321 7 BY giving special attention to local enterprises, the latest Budget is not only helping to keep the flame of enterprise alive in Singapore it will also help to retain local talent, according to Member of Parliament Ong Kian Min. "What we need is
      321 words
    • PARLIAMENT Briefs
      • Article
        Lock icon Land Authority to be set up
        60 7 A NEW bill seeking to set up a new public corporation, the Singapore Land Authority, was introduced yesterday. The Singapore Land Authority bffl also seeks to transfer to the corporation the ftmctkms. property, assets, liabilities and staff of the ftngapore Land Registry, the Land
        60 words
      • Article
        Lock icon Equal opportunities for all students
        127 7 SINGAPORE'S education system offers opportunities for aU to secure good )obs, and there are numbers to back this, Education Minister Tso Chee Hean says in a written reply to NMP Jennifer Lee. Almost nine in ten stndents in Singapore go on to post-secondary acfrwittrg, a
        127 words
      • Article
        Lock icon Mobile TV told to tone down
        66 7 THE government is aware of the discomfort the introduction of Mobile TV in public buses hss caused some commuters, and has asked the bus company and Media Corp to turn down the volume and improve the system. "We wiU continue to monitor to see
        66 words
    • Article, Illustration
      Lock icon New Redas chief has a tough job on his hand
      680 8  -  hi I comment PROPERTY Would Wing Tal'sLohSooEng speak for Just the big boys who pat him on the throne, or would he speak for all? lee han shih AS newly-elected president of the Real Estate Developers' Association of Singapore, Loh
      680 words
    • Article, Illustration
      Lock icon It's for yon
      110 8 Prudential Children First, a performing arts festival aimed exclusively at children, opened yesterday with a showing of "Footsteps In The Night" (above). "Footsteps marks a unique collaboration between Singapore's Act 3 and Belgian Spielteater. Using a mixture of live action andfilm, "Footsteps "is both whodunnit and amusing
      RICHARD CHNG  -  110 words
    • Article
      Lock icon NUS grads had easier job hunts in 2000
      343 8  -  32.6% got 3 or more job offers, almost 6 percentage pts higher than in '99 By Marissa Chew WITH the healthier job market last year, National University of Singapore graduates had an easier time job hunting, landing better paid jobs than their
      343 words
    • Article
      Lock icon Centrepoint sells another 116 Compass Heights units
      399 8  -  Sales now total 373 units since project's release a month ago By] Kalpana Rashiwala CENTREPOINT Properties has sold another 116 units at Compass Heights in Sengkang since Friday. This brings total sales to 373 units since the residential project was released about a
      399 words
    • Article
      Lock icon CPF Minimum Sum Scheme: rules are inconsistent
      234 8  -  ITWTbag William Cai Tiancai AS of Jan 1, CPF members are no longer required to set aside money stipulated under the Minimum Sum Scheme before they can invest. However, I was puzzled when told by one of their offi- cers that we must
      234 words
    • Article, Illustration
      Lock icon CPI, GDP deflator move in tandem
      339 8  -  P37=T on the economy price indices By Anna Teo ALTHOUGH there is no conceptual or theoretical link between the Consumer Price Index (CPI) and the GDP deflator, the two indicators have tended to show similar trends in Singapore. The CPI, the most common measure
      Source: Dept of Statistics  -  339 words
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      Lock icon Page 7 Advertisements Column 1
      97 7 f&\ "Asset fy/PVZ* Best Private Equity House t The Asset Your success is our reward. ÜBS Capital is delighted to be named Best Private Equity House in Asia and Lead Investor of the Best Leveraged Buy Out Deal We would like to thank our business associates, co investors, advisors and
      97 words
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      Lock icon Page 7 Advertisements Column 2
      18 7 <. gumxi «>iio bru: jnuoo£ im "tot Best LBO Deal WOM'S I Wong's Grcuits Ltd. The Asset ÜBS Capital
      18 words
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      Lock icon Page 8 Advertisements Column 1
      234 8 i Jones Lang W LaSalll Singapore's most desired address Site Area: 115,000 sq ft approx. Potential for 7 units of Good Highly exclusive locality Class Bungalows Ty 1 Quiet and serene environment Rarely available development j) Just 3 minutes from Orchard Road opportunity FOR SALE BY TENDER Closing Date 29th
      234 words
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  • e-NEWS
    • Article
      Lock icon Japan to link all homes to high-speed Net
      476 9 TOKYO Plan includes tax perks for laying high-speed optical fibre, cable and mobile Net systems AP WORRIED about falling behind the rest of the world in Internet technology, Japan is pushing a sweeping five-year plan to link all homes to high-speed Net
      AP  -  476 words
    • Article, Illustration
      Lock icon DoCoMo's i-mode wireless Net users top 20m
      437 9 TOKYO Revenue should hit 409b yen in year ending March 31 Bloomberg NTT DoCoMo Inc, the world's second-largest cellular phone company by number of users, said subscribers to its i-mode wireless Internet service have topped the 20 million mark nearly one month ahead
      Bloomberg; AFP  -  437 words
    • Article
      Lock icon Maxtor teams up with Microsoft to offer inexpensive storage products
      422 9 MILPITAS, California Maxtor Max Attach 4100 devices are aimed at small, medium-sized businesses Bloomberg MAXTOR Corp, a maker of computer disk drives, and Microsoft Corp, the world's biggest software maker, said they have developed new products to take advantage of
      Bloomberg  -  422 words
    • Article
      Lock icon Sharp to introduce Linux OS PDA in Europe, US in Oct
      429 9 TOKYO It tapes te sell lm imits globally in year ending March'o2 Bloomberg SHARP Corp, which leads Japan's market for handheld electronic organisers, said it will challenge Palm Inc and Microsoft Corp on their home turf by introducing a
      Bloomberg  -  429 words
    • Article
      Lock icon Vivendi poised to sen AOL France stake
      364 9 NEW YORK Bloomberg VIVENDI Universal SA, Europe's largest publicly traded media company, is close to selling its stake in AOL France to its partner for about US$7OO million (Ssl.2 billion), people familiar with the transaction said. AOL Time Warner Inc will pay either
      Bloomberg  -  364 words
    • Article
      Lock icon Tom.com to buy stake in weekly magazine
      152 9 HONGKONG AFP TOM.COM Ltd, tycoon Li Ka-shing's listed Internet firm, has signed an agreement to acquire a SO per cent stake in Chinese-language weekly Yazhou Zhoukan, a spokeswoman for the firm said yesterday. The stake will be bought from Ming Pao Enterprise Corp
      AFP  -  152 words
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  • MALAYSIA news
    • Article
      Lock icon MTC faces delisting if it has no new business
      318 10  -  From, Eddie Toh in Kuala Lumpur CASH-RICH Malaysian Tobacco Company could be liquidated in two months if it fails to buy new businesses in order to maintain its listing status. MTC said its agreements to buy a toll road operator, a
      318 words
    • Article
      Lock icon Time dotCom expected to list next week
      677 10 KUALA LUMPUR Shares are likely to start trading on ELSE before March 15 Reuters MALAYSIAN telecom firm Time dot Com, which last month completed one of the country's biggest initial public offers (IPO), is due to list next week with all eyes on
      Reuters  -  677 words
    • Article, Illustration
      Lock icon Dr M tours home state to counter opposition moves
      572 10 Premier denounces opponents as they step np campaign for his ouster AP [KUALA LUMPUR] Prime Minister Mahathir Mohamad toured his home state yesterday to try to counter a sustained opposition campaign on his home soil which has attracted tens of thousands
      AP; FILE PHOTO  -  572 words
    • Article
      Lock icon KL concerned over foreign flight suspensions to M'sia
      371 10 KUALA LUMPUR It will carry oat study to determine cause, says tourism minigtAr AFX-Asia, Bernama THE Malaysian government is worried over the recent series of flight suspensions by foreign carriers and a study will be carried out to determine its actual cause,
      AFX-Asia,; Bernama  -  371 words
    • Article, Illustration
      Lock icon Safety will be top priority: Sepang race officials
      308 10 KUALA LUMPUR Organisers step up measures after Melbourne tragedy AFP MALAYSIAN track officials, shocked by the death of a marshal at the Australian Grand Prix, said yesterday they are giving top priority to safety at the season's second race on March 18.
      AFP; AP  -  308 words
    • Article
      Lock icon M'sia to appoint CEO for EPF: report
      192 10 KUALA LUMPUR AFX-Asia THE Malaysian government is expected to appoint a chief executive officer for the Employees Provident Fund (EPF) as part of an ongoing restructuring exercise, the New Straits Times reported, citing an unspecified source. An announcement will be made soon, the
      AFX-Asia  -  192 words
    • Article
      Lock icon Tenaga offers to buy back US$900m of existing bonds
      205 10 ■KUALALUMPUR Bloomberg TENAGA Nasional Bhd, South-east Asia's biggest power utility by sales, offered to buy back as much as US$9OO million (Ssl.s billion) of existing bonds as part of a long-term plan to manage its liabilities. The company said it has
      Bloomberg  -  205 words
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  • REGIONAL news
    • Article
      Lock icon HK Budget tomorrow seen to be non-event
      645 11  -  New taxes are nnlikely because the Budget deficit has turned out to be smaller than expected From^ Audrey Tan in Hongkong OUTGOING Financial Secretary Donald Tsang's sixth and last Budget speech tomorrow may turn out to be a non-event, as he is not
      645 words
    • Article
      Lock icon Thailand back to trade surplus in Feb
      223 11 BANGKOK AP, Bloomberg THAILAND turned back to a trade surplus last month after posting its first deficit in at least three years in January, even as exports continued to fall, the government said. The surplus was US$l5O million (***** million), compared with January's
      AP,; Bloomberg  -  223 words
    • Article, Illustration
      Lock icon Time out from politics
      25 11 [JAKARTA] Indonesian Vice-President Megawati Sukarnoputri adjusting her veil before offering Hari Raya Haji prayers at Istiqlal Mosque in Jakarta yesterday. AFP
      AFP  -  25 words
    • Article
      Lock icon Jakarta to go ahead with bond issue
      727 11  -  But its move to raise fnnds via international markets disturbs World Bank, ADB From Shoeb Kagda in Jakarta INDONESIA will most likely push ahead with its plan to raise between US$5OO million (SsB73 million) and US$l billion from international capital markets by securitising
      727 words
    • Article, Illustration
      Lock icon Arroyo's rise sparks surge of business confidence
      585 11  -  New approved investments jump 57% since late Jan Fromi Al Labita in Manila THE Philippines's dramatic shift in political leadership has sparked a sudden resurgence of business confidence shown by local and foreign investors in its struggling economy. In the first 30 days
      AP  -  585 words
    • NOTE Book
      • Article
        Lock icon Suharto teo weak,bedridden:source
        74 11 AFP [JAKARTA] Disgraced former Indonesian president Suharto was too weak yesterday to attend a mass prsyer with the rest ofhisftmily at a mosque in east Jakarta, a source ckee to him said. "He is still lying in bed and fiur too weak to make the Eid prayer
        AFP  -  74 words
      • Article
        Lock icon 5.000 fleeing Madurese head for Java
        61 11 AP [JAKARTA] Thousands of Madurese migrants continued to stream out of Borneo island yesterday after a bloody campaign of violence by native Dayak people to evict them. More than &000 people boarded a passenger liner bound ft* Indonesia's main island of Java, said Sgt
        AP  -  61 words
      • Article
        Lock icon TPI loss up 5-told at 39.3b baht
        93 11 Bloomberg [BANGKOK] Thai Petrochemical Industry Pel, ThailatMl'it mid ttl loss widened almost five-fbld last year as the price of oil, its main raw material, surged to a 10-year high and die weaker baht inflated itsovoi seas but towing costs. The company, taken over
        Bloomberg  -  93 words
      • Article
        Lock icon GM ponders car assembly in Philippines
        74 11 AFX-Asia (MANILA] General Motors Corp may set up a car assembly facility in the Philippines if the government opens up the importation of cars on a semi-knocked down (SKD) basis to all industry players, General Motors Automobiles Philippines Inc president Harold Koh said. "If
        AFX-Asia  -  74 words
      • Article
        Lock icon TAC to issue 15b baht in bonds
        68 11 Reuters [BANGKOK] Thailand's second largest mobile phone operator, Total Access Communication Pic, said yesterday it would sell 15 billion baht (Ss6o6 million) of five-year unsecured and unsubordinated bonds this month. TAC said in a statement it had appointed Slam Commercial Bank, Deutsche Bank
        Reuters  -  68 words
      • Article
        Lock icon India opens cell phone operations bids
        90 11 Reuters [NEW DELHI] India, acting on a decision announced earlier this year, said yesterday it would invite bids for a fourth cellular operator in four metros and 17 telecotns circles making up the country by the end of this week. "The licences will be
        Reuters  -  90 words
    • Article
      Lock icon Fresh graft case filed against Estrada
      406 11 MANILA Govt now alleges he accepted 189 m pesos in commissions from state pension fonds Reuters THE Philippine government said yesterday it would file a case of economic plunder against ousted president Joseph Estrada involving 189 million pesos (556.9 million) in commissions he allegedly
      Reuters  -  406 words
    • Article, Illustration
      Lock icon Zhu sees slower growth over next 5 years, vows to help workers
      941 12 BEIJING Chinese premier says WTO entry will bring new problems; government to set first mandatory minimnm wage Bloomberg CHINESE Premier Zhu Rongji said the government expects economic growth to slow in the next five years, though it will
      Bloomberg; AP/XINHUA  -  941 words
    • Article
      Lock icon Taiwan expects more than 10 bank mergers
      215 12 TAIPEI Reuters TAIWAN said yesterday it expected to announce more than 10 mergers in the crowded banking industry this year. 'Ten mergers? I won't be satisfied," Finance Minister Yen Ching-chang told Parliament in reply to a legislator who asked whether there would be
      Reuters  -  215 words
    • Article, Illustration
      Lock icon China B shares limit up for 4th day
      668 12 SHANGHAI Long-time investors are said to be checking oat Reuters CHINA B shares surged the 10 per cent limit for the fourth day yesterday as soaring volume indicated many longtime investors were taking advantage of the frenzy to check out of markets
      Reuters; Source: Bloomberg  -  668 words
    • Article
      Lock icon NT$10b loss in Taiwan state stock defence fund
      128 12 Reuters (TAIPEI] Taiwan's NT$5OO billion (Ss27 billion) National Stabilisation Fund, which defends the stock market from "financial disorder", had NT$lO.O6 billion in unrealised losses by Feb 15, Taiwan's finance minister said yesterday. Minister of Finance Yen Ching-chang told Parliament's finance committee that
      Reuters  -  128 words
    • Article
      Lock icon Probe over Bombay stock plunge
      255 12 ■BOMBAY AFP THE Indian stock market regulator has launched a probe into last week's crash on the Bombay Stock Exchange (BSE), amid rumours of manipulation by certain brokers. It will also reconsider volatility margins, a top official said yesterday. News of the investigation by the
      AFP  -  255 words
    • Article, Illustration
      Lock icon Taiwan govt reshuffles Cabinet to boost image and placate rivals
      504 12 TAIPEI Opposition leader also recruited in move for 'cooperation to replace confrontation' Reuters TAIWAN'S government, its popularity flagging after 10 chaotic months in office, named four new Cabinet members in a minor reshuffle yesterday, recruiting an opposition leader as part
      Reuters  -  504 words
    • Article
      Lock icon Bank of India plans revamp, will close money-losing units
      350 12 ■BOMBAY Bloomberg BANK of India plans to eliminate an entire layer of organisation and close money-los-ing subsidiaries, regional offices and branches after having shed 15 per cent of staff under an early retirement plan. The Bombay-based bank expects to save 2
      Bloomberg  -  350 words
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  • REGIONAL news
    • Article
      Lock icon Europe's insurers seen battling in German market
      499 13 FRANKFURT Deutsche is said to be discussing retail deal with AXA Reuters EUROPE'S largest insurers appeared poised for battle over the lucrative German market yesterday following reports that Deutsche Bank AG was discussing a retail accord with French insurer AXA. If true, the
      Reuters  -  499 words
    • Article
      Lock icon L&H chief ousts co-founder: report
      406 13 NEW YORK Company seeks buyer for Mendez translation nnit Reuters THE new chief executive of embattled speech technology firm Lernout Hauspie Speech Products NV's, Philippe Bodson, has forced out the company's co-founder, Jo Lernout, the Wall Street Journal reported yesterday. Mr Lernout is the only
      Reuters  -  406 words
    • Article
      Lock icon Media group Pearson posts 17% profit fall
      212 13 LONDON Reuters BRITISH media group Pearson pic yesterday reported a 17 per cent fall in pre-tax profit, after a year of heavy Internet investment but the results were at the high end of forecasts, boosted by a strong core business. Pearson, the world's
      Reuters  -  212 words
    • Article
      Lock icon Asian strain of foot and mouth stumps scientists
      362 13 SYDNEY Reuters WORLD scientists are baffled by an Asian strain of animal foot and mouth disease which sneaked into Japan and South Korea before arriving in England to touch off the current devastating outbreak. What was to have been a routine animal
      Reuters  -  362 words
    • Article, Illustration
      Lock icon Protest against layoffs
      44 13 [SEOUL] Laid-off Daewoo Motor Co employees marching towards a Daewoo auto factory in Bupyong, 30 km west of Seoul, yesterday to protest against mass layoffs. The bankrupt South Korea vehicle maker mailed layoff notices to 1,750 workers on Feb 18. AP
      AP  -  44 words
    • Article
      Lock icon Insolvency of Hyundai Group unit raises fresh concerns
      518 13 ■SEOUL Construction unit Korea Industrial Development goes bnst over 7.9b won debt AFP SOUTH Korean markets were shaken yesterday by fresh concerns over the giant Hyundai Group following the insolvency of one of its units. Worries about the family-controUed conglomerate intensified at
      AFP  -  518 words
    • Article
      Lock icon Index shows US economy growing below trend
      133 13 WASHINGTON Bloomberg THE US economy continued to grow at a pace below its long-term average in January, a new economic indicator tracking growth and inflation showed. The new index was minus 0.55 in January versus minus 0.79 in December, according to the Federal
      Bloomberg  -  133 words
    • Article, Illustration
      Lock icon German group buys 75% of Chrysler Building
      482 13 But current owners Tishman Speyer and Travelers Group will retain control NYT [NEW YORK] A German investment group has bought a 75 per cent stake in the Chrysler Building, the landmark Art Deco tower at Lexington Avenue and 42nd Street, for US$3OO million
      NYT; AP  -  482 words
    • Article, Illustration
      Lock icon Coca-Cola president Jack Stahl puts in his papers
      800 14 ATLANTA Beverage giant to revamp management structure but no layoffs are planned AP, Bloomberg JACK L Stahl, Coca-Cola's president and chief operating officer, resigned on Sunday as the beverage giant announced a reorganisation of its management structure. The change creates four business
      AP,; Bloomberg; Source: Bloomberg  -  800 words
    • Article
      Lock icon Bush tax cut ends political honeymoon
      699 14 WASHINGTON Democrats attack Republican tactics to pressure lawmakers NYT CASTING aside pledges to work together, House Democrats and Republicans are preparing for a partisan fight this week over the administration's tax-cut plan, threatening an end to President George Bush's brief political honeymoon with the
      NYT  -  699 words
    • Article, Illustration
      Lock icon G8 pledges to make headway in global warming talks
      357 14 TRIESTE, Italy AFP TALKS among the Group of Eight countries saved the UN's Kyoto Protocol on global warming from collapse on Sunday but failed to resolve lingering questions over Washington's willingness to back the troubled treaty. G8 environment ministers reaffirmed their
      AFP; REUTERS  -  357 words
    • Article
      Lock icon Matsushita aims to boost overseas profits
      453 14 TOKYO Flagging returns force firm to shift output from US, UK to cheaper locations Reuters MATSUSHITA Electric Industrial Co Ltd, the world's largest consumer electronics maker, said yesterday it aims to boost flagging profits at its overseas units, in part by shifting US and
      Reuters  -  453 words
    • Article
      Lock icon Jobs, building data point to Aussie slowdown
      344 14 CANBERRA AP MORE signs of a slowdown for the Australian economy emerged yesterday with data showing substantial slowdowns in jobs and the building industry. A survey by the ANZ Bank found the number of jobs advertised in February had fallen 10 per cent
      AP  -  344 words
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  • FINANCE & commodities
    • Article
      Lock icon March contracts close lower
      248 15  -  SOX Derivatives Tradin^Report ST Index/MSCI Spore Index Wong Ann Chuen Refco Singapore THE Singapore stock market fell yesterday. The benchmark Straits Times Index shed 7,18 points or 0.38 per cent to close at 1,900.06 points with 20 counters advancing, 22 counters declining and 11 counters remaining
      248 words
    • Article
      Lock icon Cash market helps futures to end higher
      228 15  -  MSCI Taiwan Index Joseph Lim Refco Singapore THE Taiwan stock market yesterday closed up 110.20 points at 5,609.74 despite Nasdaq's continued weakness. The Taiwan MSCI Index gained 4.81 points or 1.88 per cent at 255.83 points. Turnover was light at 590.23 million, with
      228 words
    • Article
      Lock icon CURRENCY REPORT
      228 15 Reuters London THE yen was on the brink of falling beyond the psychologically important 120 level against the US dollar for the first time in nearly 20 months yesterday, weighed down by persistent concerns about Japan's flagging economy. Recent poor Japanese economic data and stock market weakness combined
      Reuters  -  228 words
    • Article, Illustration
      Lock icon Untitled
      1222 15 IllTEEBAIIg CROSS RATES Var5 AS CS f6 Cure Fir P« H*$ Hid to **Uk Y«t Wow KM P* to N»o SS —4 Sfr «T{ »*> Hmt IBS Australia 0.810 4.350 0.562 1683 1.096 4.088 ***** 51.624 0.624 6.672 1.992 1207 *****25.005 0.919 4.052 0J63 ***** 22.785 0.356 0.524 Canada 1.235
      1,222 words
    • Article
      Lock icon Untitled
      1804 15 glCOM FUTURES Mar 5 RU88ER (futures closnq *s it SJOpo) R$S 1 CONTRACTUS cenb/kq) Clo«t Vote* 0po« MoaMl W* LOW Sttt (tlMM) Irtorest Apr 01 ***** S00 May 01 ***** 800 Jon 01 106.00 800 Mfap 01 KJ7.50 750 RSS 3 CONT1ACT (US canb/kQ) *0teM OpM MmMi Hjffc Uw Sott
      1,804 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng Index moves up on technical rebound
      2850 16 HONGKONG AFP Hang Seng +168.83 HONGKONG share prices rose 1.2 per cent yesterday in a technical rebound from last week's sharp losses, although market sentiment remained cautious, dealers said. The key Hang Seng Index gained 168.83 points to close at 14,135.26 on
      AFP  -  2,850 words
    • Article
      Lock icon Nikkei edges up in directionless trading
      2069 16 TOKYO AFP QNiklui22B m» SHARE prices were mixed in directionless trading yesterday as investors hunted bargains alter the benchmark Nikkei index slumped to a 15-year low, brokers said. "Downside resistance has emerged after last week's sell-offs," said Nikko Securities deputy product manager Kazue Mayuzumi.
      AFP  -  2,069 words
    • Article, Illustration
      Lock icon CHINA
      1081 16 Reuters P'lShaghai Binder +16.43 CHINA B shares surged to the 10 per cent limit for the fourth day yesterday as soaring volume indicated many long-time investors were taking advantage of the frenzy to check out of the markets. B shares have gained 45 per cent since Wednesday, when Beijing
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,081 words
    • Article
      Lock icon TAIPEI
      371 16 AFP HWPMn +U&2O TAIWAN shares closed 2 per cent higher yesterday on bar-gain-hunting in technology and financial issues, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 110.20 points to 5,609.74, on turnover of NT562.60 billion. Risers led decliners 372 to 119, with 83 issues unchanged. "Bargain-hunting quickly
      AFP  -  371 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL closes higher on support for blue chips
      430 17 AFP Q Composite Index +2JC MALAYSIAN shares closed 0.4 per cent higher yesterday on late support for key blue chips, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 2.96 points at 706.03, off its low 0f696.41. The Second Board
      AFP  -  430 words
    • Article
      Lock icon Untitled
      8624 17 MOUSTHALS Cmsmw pntett 2001 Lut Voi Day N«t Cap Hm» Law Cimpmy SH -000 HH> L— P/t 340 300 Ajinomoto 312 *4 116* 45 30 Angtju 35 516 142 286 Apoko Food Hit 312 6-6 IMS 356 308 iff™. 330 8 2 330 330 13* 219.7 3875 3225 BAT 50C
      8,624 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2677 18 BOMPS A WAEEAMTS W Mi M S2-M UM Mm MM At* Ml Cm bar Mc MM M» u» rmm Mi «ar r—i t*» mm KM m—m mm hm nu imh um 40 0.5 S AcmaW*****4 0.5 0.5 1 1 41.0 I 300 467 106.00 4 23 23 S AllTactl ******7
      2,677 words
    • Article, Illustration
      Lock icon BANGKOK
      750 18 AFP □set Index -5.81 Thai stocks fell 1.9 per cent yesterday amid a sell-off by foreign investors concerned by government policies and a bomb that destroyed an aircraft Prime Minister Thaksin Shinawatra was to board, dealers said. The Stock Exchange of Thailand (SET) Composite Index slumped 5.81 points to
      AFP  -  750 words
    • Article
      Lock icon WELLINGTON
      262 18 AFP QKZSE-40 +LB6 NEW Zealand stocks rose 0.1 per cent yesterday with weakness in Telecom Corp offset by interest in Carter Holt Harvey and Fletcher Challenge Energy, dealers said. The NZSE-40 Capital Index closed up 1.85 points at 2,002.41 on turnover of NZ$B6.5 million.—AFP ■>» «a rw») Advantage HOS
      AFP  -  262 words
    • Article
      Lock icon SYDNEY
      542 18 AFP PAnOrtnuui« +&20 AUSTRALIAN stocks rose 0.2 per cent yesterday amid renewed interest in resource stocks in an otherwise lacklustre session, brokers said. The All Ordinaries index edged 8.2 points higher to 3,288.4 while the SP/ASX2OO index rose 9.5 point? to 3342.9. Preliminary national turnover totalled 565.56 million shares
      AFP  -  542 words
    • Article
      Lock icon MANILA
      287 18 AFP n Composite Index +19-57 PHILIPPINE share prices closed 1.2 per cent higher yesterday with the Philippine Stock Exchange Composite Index gaining 19.57 points to 1,616.54. Volume was 778.08 million shares worth 613.56 million pesos from Friday's 480.5 million shares worth 494 million pesos. —AFP tmi N«o (000) Abacus
      AFP  -  287 words
    • Article
      Lock icon SEOUL
      310 18 AFP Q Composite Index +5J4 SOUTH Korean shares rose 1.1 per cent yesterday with the index up 5.94 at 565.38. Volume stood at 307 million worth 1.6 trillion won. AFP ■art *fAnwn Soml 4050 50 BrtlnTocll 605 -20 Central Bank 170 0 ChoMConwn *****0 3SOO Dm Cu Bank 1490
      AFP  -  310 words
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  • Article
    Lock icon STOCKS sgx
    8800 19 SGX MAINBOARD Transaction date: Mar 5 or or m wt 52-Wk Laml Vol Day Last Ouota Wv Otv VM Nat Cap Avg W|> t— C—p—y Salo fOOO) IQgli La. lnyir l«S«r C*w Ptl WMn MULTHNPIISTRY 153 SI m c Ac ma 50c S3 -OS *0 53 52 52
    8,800 words
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  • New Asia Biz Woman
    • Article, Illustration
      Lock icon Off the planet for an 'amazing life experience'
      1152 20 Space station Alpha is about to get its first female resident as Nasa astronaut Susan Helms blasts off on Thursday to spend four months in orbit AP [SPACE CENTER, Houston] NASA astronaut Susan Helms had no desire to live on the international
      AP; AFP; FILE PHOTO  -  1,152 words
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      Lock icon Page 21 Advertisements Column 1
      406 21 Where to wine, dine and entertain../™?«t) C 3^ ic Sumpi uous Tl|ai ISuffct From 11 to 25 March 2001, let the fiery dishes prepared by renowned Chiang Mai Chefs perk up your appetite. Mattet Luach $22.80 (Adah) $12.80 (Child) Met Dinner $27.80 (Adah) 16.80 (Child) Pritet quoted srr subject to
      406 words
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      Lock icon Page 21 Advertisements Column 2
      37 21 SHANTOU CUISINE i AT PINE COURT 22 February to 18 March 2001 Reservations: 831 6262/66 M CHINESE WW RESTAURANT ""••I"' I T~ J saxaia Mffifi 333 Ochard Road Singapore 2)8067 Tel: 737 4411 fax: 732 2 361
      37 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      982 21 OWM LM AM Tuesday Midnight 032 Asia Beyond/Know- 9JO Hari Raya Haji Special: ill>lT Movie: My Date with ing Asia. IkhtibarKorban(R). pa AM t Kids Central: the President's Da ugh 030 Business Breakfast. 1030 Singapore Tonignt H. Mr~— m W'- i fy%_ _\_Tl P T U S Si" 68 ter
      982 words
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 2
      259 21 CRYPTIC CROSSWORD ACROSS 5 Showing bad posture, delivery 8 One's partong —took car round route burden being taken on? to show invalid (8) (5-10) 9 Fairy king gives medal to chap 6 Are going to recreate period (6) style (8) 10 Native of Austraia milions in 7 That short? Not
      259 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      125 23 Reuters BALTIC indices end the week mixed —the Baltic Dry Index (BDI) fell one point to 1,537, the Baltic Panamax Index (BPI) gained one point to 1,633, the Baltic Handymax Index (BHI) firmed 18 points to 9,033 and the Baltic Capesize Index (BCD was down six points to
      Reuters  -  125 words
    • Article
      Lock icon MARITIME STOCKS
      266 23 Ian MrS K *b C WT Distribution —-0.48 -OO) 4 Chun Hup 0-35 "0.01 244 Coacolnvastmant 0.19 0.01 180 FraigMUnfcs 0.09 unch Ml GSHoMktgs OA* uncfi 0 IMC HoMngs-HK —5.60 unch 0 Jay a Holdings 0.15 -aOI 160 Kappa* Corp 3.30 -0M 287 KappaiFCLS 1.03 002 106 Kappal
      266 words
    • Article, Illustration
      Lock icon Strong container volumes boost PSA profit 11.7%
      456 23  -  Throughput of S'pore, overseas operations up UL2% to 19.7 m TEUs By) Donald Urquhart [SINGAPORE] PSA Corporation reported a rise in full year net profit for 2000 of $838.4 million, up 11.7 per cent over the previous year on the back of strong
      RICHARD CHNG  -  456 words
    • Article
      Lock icon Star Cruises slides into the red
      491 23 Purchase of Norway's NCL behind USs29.6m loss Bloomberg [HONGKONG] Star Cruises, Asia's dominant cruise operator, said it slipped to a loss last year mainly because of costs related to its acquisition of Norway's NCL Holdings ASA. The net loss was U5529.6 million (5551.5 million),
      Bloomberg  -  491 words
    • Article
      Lock icon EU team to probe alleged aid to South Korean shipyards
      153 23 AFP [SEOUL] The European Commission will send a team this week to investigate allegations that South Korean shipyards received government subsidies, reports said. The Trade Barriers Regulation team arrived in Seoul yesterday for a two-week investigation, the Yonhap news agency
      AFP  -  153 words
    • ROLLS ROYCE
      • Article, Illustration
        Lock icon Shedding light on jet engine business
        672 24 The once secretive company has finally revealed, along with its 2000 results, that profits are only reaped 10 to 15 years after the development of a new engine Reuters [LONDON] BRITAIN'S RollsRoyce pic has finally shed a little light on how it makes money
        Reuters; FILE PHOTO  -  672 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      183 24 PAGE Appenship 5 Assets S Austral 6 BaU|i Shpq S BSA 7 BtangMas 6 ccm 7 CMACCM 3 COSCO 3 CSAV 3 Central Ei 6 ChoYang S China Shpq S Cougar 7 Columbus 6 t CVT GloOH«nk 7 OHmas 4 Diak Uoyd 6 Dongnama 3 Eastrans 6
      183 words
    • Article
      Lock icon SHIPPING GUIDE
      19932 30 THEBUSINESSTIMES THEBUSINESSTIMES Pa 9 e 8 EXPORT TUESDAY, MARCH 6, 2001 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Nam* Number Number To ABIDJAN (ABJ) 2003 Cote D'lvolre 13/03 17/04 MM VILLE DE TANYA T42W 65-*****44 It/03 21/04 COSCO YUAN HE 0061* 65-*****00 21/03 24/04 MfW VILLE
      19,932 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        473 33 Vwl Vey Mo Bftti Ani»<l Dturturt Flo-Da 3 JOS 05/03/7:15 06/03/6.00 MM) OK 1 J07 05/03/7J5 06/03/800 Dewi Saraya OHM J03 05/03/7:50 05/03/2100 Winstar 2 02TS01 J03 05/03/7J5 05/03/2100 Mm> Otc 135 J* 05/03/8:45 06/03/100 Oonq r* Ml J12 05/03/8'40 06/03/23:30 lerang« M1061 J03 05/03/900 05/03/2000 Roy* Fr««qh
        473 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1855 33 RECEIVING OF EXPORT FCL COWT AIMERS AMD LCI CAROO Bookkq/Bttanco Kstta SMp Voy Mo Ett/Btr NriM fw To fnm ACI OANUA am VWO B OVTSM 0V*5t A*-00 U OVTTOO OVOtM 0V0W0 a ovttoo owmm ovmo OVOTOO ovist OS/MM 4 oveoo owe* os/ttoo latum M mo MMM MMM *rM
        1,855 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        415 33 Cvtw NO Ha 981.5 0.4 15.9 0.06 42 0.03 M 22 Domitv Kctar BhHm AiIi (Mia SrtMd Ho rtOM £25 0 0 1^0. 2=1 rr=- 380 tat *5.7 0J ao 0.0* 27 Ml C»r 380 Max 989.7 0.7 MJ 0.09 52 0.03 M/in %w Mta Mta
        415 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        210 33 Virl 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: St.Patrick's Day. Mar 20 Japan: Vernal Wquinox Day. Mar 21 Mexico: Benito Juarez Day. Mar M Brunei: Hijrah. Indonesia: Awal Muharram. Malaysia: Awal
        210 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        768 33 THIS report, compiled by Cockett Marine Oil Ltd. sbows price ranges in US dollar* Instead atitngie price* for a more comprehensive description of the market Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual changes
        768 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Air NZ hit by competition in Aussie domestic market
        534 34  -  Its Aussie unit Ansett losing market share to Qantas as well as Impulse, Virgin Bine From Surinder Singh in Sydney LATE last month, Air New Zealand reported a 97 per cent fall in profit for the six months to December. The
        534 words
      • Article, Illustration
        Lock icon Qantas given huge discounts for Airbus superjumbo: report
        271 34 AP [SYDNEY] European plane maker Airbus Industrie gave Australia's largest airline huge discounts and other concessions on its new A3BO super jumbo jet, a newspaper reported yesterday. The West Australian newspaper said Qantas got a 40 per cent discount on its order
        AP; FILE PHOTO  -  271 words
      • Article
        Lock icon Discount carrier Impulse seeks A$50m injection
        406 34  -  Aussie carrier expects pre-tax profit of about As3m for year till June Froml Surinder Singh in Sydney IMPULSE Airlines, one of the minnows of the Australian airline industry, which is giving established carriers Qantas and Ansett a headache, is seeking a Asso million equity
        406 words
      • Article
        Lock icon BAA, partners buy Aussie airports
        163 34 Bloomberg [LONDON] BAA pic, the world's largest airport operation, said it and two partners acquired stakes in the airports of Perth and three smaller Australian cities from TBI pic for AsB3 million (5575.53 million), expanding its holdings in the country. BAA, along with Australian Infrastructure
        Bloomberg  -  163 words
      • Article
        Lock icon KLM denies making bid for BA's Go
        212 34 Reuters [AMSTERDAM] KLM Royal Dutch Airlines said yesterday it had not bid for British Airways' low-cost airline Go, despite a report that it had launched a conditional offer for the unit. KLM was still working on a study to determine its options in
        Reuters  -  212 words
      • Article, Illustration
        Lock icon Four passengers died of DVT at Vienna last year
        596 34 I DEEP-VEDV THROMBOSIS Bloomberg [VIENNA] Vienna International Airport said four passengers who flew into the Austrian capital last year died after suffering blood clots during long-haul flights. The passengers, from the US, the Netherlands, Austria, and Italy, probably died from deep-vein
        Bloomberg; FILE PHOTO  -  596 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1838 34 an if ro ni n» MM Wfl 2230 mtao 2230 M22* 2230 kmMMm MD M (MM an U.08J7 635 «L0044 0125 ****** 2330 mm am MhmwM MB MM mm ma mm mam a MM K23 HZ42K MB SOUK M50 S0205 20® N242M 2020 aw mm mm
        1,838 words
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      Lock icon Page 23 Advertisements Column 1
      402 23 PEOPLE Geoff Dixon has taken over as chief executive officer of Oantas Airways from James Strong. Mr Strong had been chief executive and managing director since October 1993. Chief financial officer Peter Gregg and seven executive general managers will report directly to Mr Dixon in a new t executive structure.
      402 words
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      Lock icon Page 23 Advertisements Column 2
      25 23 Rolls-Royce sheds light on Jet engine business Pg2 Air MZ bit by competltl— letossto domestic market BaekPg Qantas |Iym huge Ascoratsftr Airbus superjumbo: report BaekPg
      25 words
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      Lock icon Page 24 Advertisements Column 1
      629 24 NORTH AMERICA SUB-CONTINENT SUPER SHUTTLE HW PTH— WKX) "vissa w* Ml r-ar-l rtuuK vissa vot *a mm bid so PtO M9UOTD MAIACCA M 03/03 04/04 11/03 ooawwroM uwo; 21/02 11/03 13/03 PftO NBUOTD OANDAI AOOAS Itf 07/0) 00/0) 10/0) 10/0) 000 n/91 U/M N/M PtO MBMXOTD MDJOUKW 211 14/0) IS/0)
      629 words
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      702 24 Lines services represented by Member, of (he Reg.stry of Members of ibe fclKSill Accredited Shipping Agents, S.ngopore Logistics Singapore Shipping Association m «n Association g ULY UM MAU I I vissn niw [75 Troi in m P. RUNG SPOtf MAU Empress Lily VO3Ol H/03 15/03 22/03 Princess lily VO3Ol 30/03
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      1160 25 |^M|^M^M^2Jff2£!^^L®sEn^PßjKii2S^B| SAX SERVKE (DIRECT) \nm VOY SIN ETA LAX OAK DAI HOU CHI COl MEM ATI NYC Afl SARDONYX 0261 17/01 01/02 05/02 05/02 05/02 05/02 05/02 05/02 04/02 04/02 API TUROUOtSI 040E 24/01 00/02 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 API IAM 0241 01/02 15/02 19/02 19/02
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      1937 25 TO* COLOMBOI jfr CYKBT MOMMY I (T/Tl4 UTS) J GENERA! AGENTS IN SINGAPORE 80 OOOINSON RO #12-00 SAUS/N6S TB: *****57/43 EAX: *****71/71 lUUTSU OfFICI PASII GUDANG TIL 07 353*164 FAX. 07-*****70 COSTAB SNIPPfINC PTE LTD SINGAPOKf DMIfl OUTWAID (IA) 4J051W *****25/75 POCT KLANG 03-*****433 03-*****641 a ifr lIWiSMX TB: 224
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      1341 26 SENATOR LINES TO BUBOPi TOl—Mlf IAST/HAN/MPgA wssa wi m m jm_ mm_ jg_ fu~| Ivnsa |»ot|mi|«u|m»|»| ranuwsauTot misw hji 2111 hjj mm iim «.»4 mm u am mum mim iim \jju hii hu dji IUMTISU NMW MJJ JIM ll* »M MM tl M fOWMHT MIM |7J) MJ3 7? A3 11M
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      882 26 Canwn MM COUTH LINES, MC p. quoahgl- (ot)mtom l-IV/V-* J 8BU: (004) 31*179 MAML* (HZ) M3MM U PetANQ:(M)»MB3t BAMQKOK: (MS) 2354C67 SURABAYA: (31)*****11 ft KB-AWQ: 03) IMtMJI JKli (21) MO WW IQICHMG MANILA HO CHI MiNH MV "YANTRA BHUM" V.380E MV "KITI BHUM" V.198N ETA SIN: 09-03-2001 ETA SIN: 09-03-2001
      882 words
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      523 26 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N SHEVA (CFS MUUJND. MUMBAii COCMM COLOMBO ALSO ACCEPTWG TO MX NORTHERN MB WESTERN I.C.D. PORTS Vtxul S PORE N SHEVA COCHIH COLOMM P KLAJK PU 6LORY V IMW 11 MAR 21 MAR 23 MAR M MAR M MAR TULS4OAS V.IM It MAR
      523 words
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      1575 27 gmH IVfSSa VOT KHH HKO I SIN [HO. DXI Ul DMM UK IRAN TEHRAN PCI-197 06/03 07/03 10/03 11/03 It/03 19/03 21/03 23/03 IRAN TABATABAEI PCI-198 13/03 14/03 17/03 It/03 27/03 21/03 30/03 01/04 IRAN KERMAN PCI-199 20/03 21/03 24/03 25/03 01/04 02/04 04/04 06/04 IRAN ISFAHAN PCL-200 27/03 2t/03
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      359 27 I Loading hx OCEAN ISLAND RDM/A TW/BMNAJK I TAHARA RDM/ATW/BMNAJK I Loads Singapore. EVW. Malaysia. Indonma I Loading for ARETE JDH/AOA/DMT BAN ANN DBVASU/DOVBfIN/DMM/KWT SAFEER JDH/AQA/DMT EVDOXIA HDCVJOVAQA VI HELLAS DBVABU/DOH/BON/DMM/KWT SUN ACE D6VABU/DOH/BRN/DMM/KWT CORAL) D6VABU/IX*VBRN/DMM/KWT 'Loads Singapore, E7W Malaysia Indonesia I Loading tor 1 OCEAN GOLD CAM/NFK/SA V/SOL I
      359 words
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      1258 27 EXPOST I IMPOST VMU VOT m Lfn itT» /y HAMMV ;FU vtssa Ivor [m ma !ni luml sw epumiiv illiiaft ,BIT:-MiMJM/fo. H/M. 21/MIl4/04 23/ M 2fc/M HMO 0121 liM IWH PBMKSBI [OlfW 11/04 j 17/04 71/04; 30/04 03/05 04/05'01/05 HJOTUWIA 0031 H/03 174/03 70/03 70/03 IS/04 "firrw mtfifn m t
      1,258 words
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      749 28 mmm PPOtT vßsa/vor*a scr lao |vw joe Inu [rdm \wn [ihp la gUNCMNOORSfIM* 11AB ZVC3 7MB VM 71/03 2MB 3MB joiAMpg/IM M (IIMNiaOfcOIIW IMB 3ME (H/W OHM OVW 04AM OHM OHM 01AM I uwtiuwm am "cmmlomm kvim jtam ham imm ivw IMM ginrmrffoaMow oi/w liwisam 17/P4 ham imm am 2m
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      352 28 JMPHm SBBiSSBniB/iSBnBooBSrMBw IXPOW VESSfI VOYAGE SGP CRM OUR JRA ARU DRW RAM KM NXV IM ANGEL 0144-037* 07AB 11 AO 17/93 70/D3 SONS* 0147W WAB 20/03 77/03 24/03 UN ASSURE 0455-01** 11AB14AB71AB 77/03 UNiranjUß *****05N 13A817/0373A8 2MB ZHUANGHE 0144W 14/03 77A8 BAB OTAM (MANN mum 11A873A875/03 BAB Also accepting cargo
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      1032 28 iflHflWOKdytf TA HWTf/l CHAtAMO JARMTAMIUMQ vcsa Jg_ sw I m lif lch vKsa I vot |an m m mmti aa wm "/m own am cu azzu jam SOW 07/ M IMI 1 W —l™—^ mm ml- m »v« gs ommihum ito io/w 14/03 IVO3 WAKO/M? |*gj irWAWUM" J7M 11/03 iyo3
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      467 28 INDONESIA NATIONAL LINE TO AUSTRALIA "I wi wo* m w m m. m m m tfIMXT 11/W 11/tJ l«/« 8/U27/U »/o fORMB "ST if/n»/n 5/5 ww 5T u/nv/n n/ii 5/5 ti/5 iys nmmum »T m/wb/w Ti/5 is/5 it/5 n/m FEEDER SERVICE TO INDONESIA vot munt mmu mmm tu ru-m nMi»
      467 words
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      391 29 BSA A. M MYANMA iSHBk FIVE STAR LINE W (Myaaaor Nolio.d Lin*) Leodiig for Yaagoi vissa VOY SW PRL PEN PGU PAGAN 240W SLD (AGO IISW SU BALAYSM AfißfTS: OOUSTEAD SMPfMG AGOICKS KUL ra 09-*****00 PRL: TU 03-*****101 rot m 04-*****02 rot TU 07-*****21/4 BANK LINE (A uftki #f Aadrtw
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      1186 29 HYUNDAI MERCHANT MARINE CO., LTD. I Vtssa VOT IMI SOU Il» I ITNI 1 ANT 1 HAS IMV IVESSa VOT I SOU 184 I RTB I ANT I HAB I ORV ISM HYOARON VL33IW 00/03 24/03 >IT IO (11 *fi 24/03 APIOIH *0251 14/02 17/02 11/02 13/02 07/03 NOLCORAL VLO2OW
      1,186 words
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      866 29 vOOv WALLENIUS WILHELMSEN 10 NORTH AND UTINAMfRKA "CAR RORO HEAVYUFT SERVICE' Ivissa VOT RA*f HEIGHT SIN lUT I I*o MIA I SAV IML I Oif BTC liWI HI I TOURCOMG AH 104 4001 mb 4.3* 11/03 14/04 17/04 19/04 21/04 22/04 24/04 21/04 21/04 TAPKXA AHIO7 400T«b 4.3* 29/03 04/0S
      866 words
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      64 32 SINGAPORE PTE LTD V 15 McCallum Street #0V0IA)2 Natwest Centre Singapore *****5 n Fax (65) 2201)66 Email general <#eciisin eculine net RICKMERS EAST MALAYSIA Kuching/Kota Kinabalu/Muara/Sibu Tawau/Bintulu/Labuan/Sandakan SeePage# Call: 220 3373 FREMANTLE KYOWA LINE COCOS CHRISTMAS ISLAND WESTERN AUSTRIA Guam/Saipan/ Turn to Page 5 Daily Micronesia Ports/Majuro I assets I
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  • Page 33 Miscellaneous
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      Lock icon Page 33 Miscellaneous Column 1
      129 33 -s.;' ip y B> **ni^^MiiMii Hf^ '^^K^SmiWwH LEGEND. Issued byMeteorological Service Singapore Thunderstorm A Showers Rain Temperature Wind direction and speed in knots Weather w Cloudy Day azy Sea Conditions Wind speed symbols r- J P Slight, < 1.2 m (J Full circle w/o line indicates calm or light and
      129 words
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