The Business Times, 13 March 2001

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Microfilm: NL22164
Total Pages: 40
1 40 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES MITA (P) 028/12/2000 SINGAPORE Internet, http://business-times.asial.com.sg/ TUESDAY, MARCH 13, 2001 85C
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  • Article
    Lock icon MARKET SUMMARY
    74 1 □sn UmM (-48.48) n"-® mm 797Ji (-19.71) n ST INDEX nTTUBES mm MHLM (-47.00) nsnßanmnuss mm mm (-6.10) STOCK MAEKET INDICES Monday Change KLSECOMP Wttp -€17 NIKKEI 221 12,***** HANG SENG *****172 -417.63 SET INDEX ***** -til JAKARTA COMP -JM.il -175 MANILA COUP _L667il -2186 TAIPEI WPI 4582.67
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  • Article
    Lock icon FINANCE
    78 1 FOBEX BATES USS SI USS (SS per USS) 1.70 1.4*7 1164 EURO(US$/SS/E) CJM 1646 DM 2.096 1.189 YEN 1205 88.40 RM 3.800 116? HKS 7*0 4.427 BAHT 4171 24.81 WJPIAH 10,488 6.9SS *SS to 100 units FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7 67 JAKARTA 39.06 BANGKOK...... 9.50 MANILA
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  • Article
    Lock icon Foreign takeover of S'pore banks? It depends: BG Lee
    795 1  -  -idexclusive Interview with BG Lee As each transaction happens, govt will look at it individually, he says By Angela Tan [SINGAPORE] Whether Singapore will allow a foreign bank to take over a local bank will depend on the circumstances as well
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  • Article
    Lock icon M'sia to pump-prime economy; rate cut possible
    458 1  -  High level economic conncil proposes measures to counter expected US slowdown From Eddie Toh in Kuala Lumpur FACED with a slowing US economy this year, the Malaysian government will soon pump prime the economy further and possibly cut interest rates, applying the same
    458 words
  • Article
    Lock icon Nasdaq falls below 2,000
    81 1 Reuters [NEW YORK] Stocks took a pounding in early trading yesterday, driving the Nasdaq Composite Index below the 2,000 level for the first time in more than two years, after news of layoffs at computer networking giant Cisco Systems Inc sent a Shockwave through the market
    Reuters  -  81 words
  • Article
    Lock icon Raffles Hldgs to sell 55% of Raffles City for $356m gain
    441 1  -  Group to use proceeds to finance expansion plans By Marisana Chew [SINGAPORE] Raffles Holdings Ltd (RHL) said yesterday that it intends to sell 55 per cent of its $1.8 billion Raffles City complex to a special-pur-pose vehicle (SPV) and
    441 words
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      83 1 iwnPß Knowledge Economy The Holy Grail of company valuation. Pg 27 Top Stories Govt reviewing role of Sesdaq. Next Pag* t Seven Wall St investment banks sued over IPOs. NmxiPmgm SGX to adopt straight-through processing for stock trades by end *02. Pg 7 KL bourse hit by a double whammy.
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      156 1 Hupiah hits ESP up 00 supermarkets 10.500 W Merger of Prudential to buv American General Corp for USS2Sb Pg 18 We -ecently recruited somebody. I think an Australian. So if you see a European face or Caucasian fac when you visit MAS. please don t be surprised It s still
      156 words
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      11 1 HAS reviewing whether to expand QFB privileges: BG Lee, Pg 4
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      5 1 LNHMSMI mow Industrial tend I
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  • NEXT page
    • Article, Illustration
      Lock icon SGX reviewing Sesdaq's role: BG Lee
      847 2  -  Govt questions need for small-cap board as listing rnies have been eased By Siow Li Sen [SINGAPORE] The Singapore Exchange (SGX) is reviewing the role of Sesdaq now that many companies which in the past could only qualify for a listing on the second
      847 words
    • Article
      Lock icon Seven Wall St investment banks sued over IPOs
      454 2 Class-action suit alleges they colluded in violation of antitrust laws NYT [NEW YORK] Lawyers acting on behalf of investors have accused seven investment banks in the US of colluding in violation of antitrust laws in their allocation of soughtafter initial public stock
      NYT  -  454 words
    • Article, Illustration
      Lock icon Rupiah crashes through 11,000 before firming
      862 2  -  Immediate prospects look bleak as govt, central bank seem helpless: analysts From Shoeb Kagda in Jakarta THE Indonesian rupiah plummeted through 11,000 yesterday against the US dollar after crashing through the psychological 10,000 mark on Friday with analysts now fearing the country's fragile economic
      AP  -  862 words
    • Article, Illustration
      Lock icon US dollar climbs above 120 yen, analysts see no quick fix
      635 2  -  By Larry Wee ANALYSTS are not expecting any quick turnaround for the Japanese yen and Indonesian rupiah despite their sharp falls yesterday, although short-term respite is possible. Indeed, any news that the Bank of Japan will bow to increasing
      Source: Reuters  -  635 words
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      368 3 I am very happy and proud to announce the inauguration of the SNS Software Labs in Bangalore, India. This new H will develop value-added and focused solutions to improve our customers' efficiency and competitiveness sectors such 4 as trade and logistics, healthcare, government and legal. also another significant step taken
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  • FOCUS banking
    • Article
      Lock icon Get cash at retail points from Monday
      686 4  -  DBS, OCBC in race to be first to offer limited banking at non-bank locations By Siow Li Sen, Serena Ng FROM next Monday, long ATM queues could be a thing of the past as customers at some supermarkets and retail outlets will be
      686 words
    • Article, Illustration
      Lock icon MAS reviewing whether to expand QFB privileges: BG Lee
      895 4  -  Two more QFBs to be issued this year, as earlier planned By Angela Tan SINGAPORE will issue two new qualifying full bank (QFB) licences this year while reviewing whether to expand the privileges extended to foreign banks, Brig-Gen Lee Hsien Loong,
      CHRIS LOH  -  895 words
    • Article
      Lock icon DBS committed to affordable banking services: BG Lee
      963 4  -  By Siow Li Sen, Angela Tan DBS Bank's commitment to provide banking services at affordable prices that are accessible to all is unchanged, Deputy Prime Minister Lee Hsien Loong told Parliament yesterday. "It is rationalising its branch and ATM (automated teller machine)
      963 words
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      216 4 < at our fabulous F PRGR \jfjl DEMODAYS! W AMAk froMfrtf ly r r IVJr I S Once again you get to enjoy hands cxi experience of some rm* Dnam krvn*. of our latest and greatest clubs. Plus we'll measure your These am amongst the lightest dubs you'l find Qub
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      269 5 Congratulations to Tung Lok Restaurants (2000) Ltd on achieving a major milestone I pH ipo jgw Wr jf t J IJI a" Tung Lok Restaurants nm I c BiS&B° 4a>& Lif?'zki It I J /wWwW/ *«staurant IJnh p Hnucp J«@?s«6 Tung Lok Restaurant LingZhiVegetarian HUUICIIWUDC Copthome Orchid Singapore Liang Court
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      433 6 Slocks Voiuw BeneftjnHKIOc 14,329,000 PacfeC«rHury10c 13,006,000 PQ2Sc 7,738,000 AatFood&Prap 7,134,000 Hyflux5c 6,820,000 PaoCanMLCWD***** 6,542,000 Integra 5c 6177,000 Lankom US2c 5,705,000 Chart Semiconductor 20c 5,500,000 GESInNLJd20c 5379.000 «Bd» I OBSQrp 34,828,700 0C8C 34,022.644 Chart SamCondudor 26c 27,805,040 Cty D«v50c 27,143^00 VenlureMlg2Sc 22,881,466 StA *****,400 UOB 16,704,200 SPH 13^***** SingTel 15c 13,007,986
      433 words
    • Article, Illustration
      Lock icon Shares slump to 5-month low on US market weakness
      645 6  -  I-I i comment I CO ven sreenivasan THE Singapore stock market slumped yesterday after Friday's weakness on Wall Street, where the Dow slid 2 per cent and the Nasdaq Composite Index more than 5 per cent. Ironically, Wall Street's turbulence followed
      645 words
    • Article, Illustration
      Lock icon Limited upside seen for Haw Par warrant
      194 6  -  WARRANT WATCH By' Ven Sreenivasan THE Haw Par warrant gained 3 cents or 1.5 per cent to $2.02 on 51,000 units yesterday, despite the underlying stock sliding 4 cents to $3.88 on 107,000 shares. The warrant has an exercise price of $1.84, which
      194 words
    • Article, Illustration
      Lock icon GES: charts show weakness
      229 6  -  HOT STOCK By' Ven Sreenivasan THE stock of computer maker GES International has been stuck in a downward channel for the best part of 10 months. The counter lost another 4.5 cents yesterday to 98.5 cents its lowest close since June 1999 on volume of 5.4
      229 words
    • Article
      Lock icon Market Notices
      112 6 SNP Corporation Ltd will hold its AGM and EGM on March,2B 2001 at 11.00 am, at 1 Kim Seng Promenade, #1841 Great World City, East Tower. ♦Inchcape Motors Ltd will go ex-dividend (final dividend of 10.0 cents) on May 14,2001. Last day for buying-in cm a cum basis
      112 words
    • Article, Illustration
      Lock icon Sings tests 2000 lows after yen, rupiah, Wall St fallout
      340 6  -  I-i i comment CURRENCIES larry wee NOTHING went right for Asian stocks and currencies yesterday the Sing dollar and the STI included after Wall Street's sharp falls on Friday were exacerbated by the US dollar establishing a base above 120
      Source: Bridge  -  340 words
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      194 6 SPECIAL FEATURE 27 MARCH 2001 Make waves in a knowledge-based economy i j r Singapore's position as a major maritime hub r has never been more important especially now that the Trade Development Board aims mm| to step up its efforts towards efficient trade system, excellent transport and logistic infrastructure,
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon SGX to adopt STP for stock trades by end '02
      404 7  -  Straight-through processing will increase settlement efficiency and reduce errors, says SGX By Ling Su Ann THE Singapore Exchange (SGX) has embarked on a programme to implement straight-through processing (STP) for stock trades by the end of next year. The initiative
      404 words
    • Article
      Lock icon DBSAM to launch second tranche of UP unit trust
      410 7  -  By\ Serena Ng DBS Asset Management will today launch the second tranche of its returns-guaranteed UP unit trust, which this time is included under the CPF Investment Scheme for Special Account and Ordinary Account savings. The fund aims to raise $80-$
      410 words
    • Article
      Lock icon AsiaStockWatch to close if no buyer in a week
      380 7  -  Parent Panpac Media throws in towel despite recent layoffs By Rachel Ong SESDAQ-LISTED Panpac Media.com will shut down its AsiaStockWatch.com financial portal next Monday if it fails to find a buyer for the business. The portal, which has a burn rate
      380 words
    • COMPANY Briefs
      • Article
        Lock icon Lorn Chang interim net plunges 86%
        108 7 LUM Chang Holdings said net profit for the half-year to Dec 31 fell 86 per cent to $1.34 million. Group turnover of $65.8 million was 46 per cent lower than before, mainly because of a $36.6 million slide in construction turnover and a $15.9
        108 words
      • Article
        Lock icon Saangyong Cement profit soars 125%
        92 7 SSANGYONG Cement has reported a 125 per cent rise in FY 2000 net profit to $18.7 million, due to higher investment income. Group turnover fell 19 par cent to $78.9 million because of continued softness in the Singapore construction sector, which led to lower prices
        92 words
      • Article
        Lock icon China blow widens GRP's H1 loss
        76 7 INSTRUMENT maker GRFs net loss widened to $3.76 million for the six months to Dec 31, from $753,000 a year earlier, swelled by losses in China. The China operations lost $4.95 million, including a $3.94 million provision, compared with a previous loss of $1.38
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      • Article
        Lock icon Food Empire posts 27% earnings rise
        62 7 FOOD Empire has reported a 27 per cent increase in FY 2000 net profit to $4.7 million. Turnover rose 50 per cent to $59.2 million. The group benefited from better performances in Russia, Eastern Europe and Central Asia. It also enjoyed better margins from
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      • Article
        Lock icon Clarifloation
        66 7 NERA Telecommunications has clarified that its proposed dividend of 0.38 cents for FY 2000, against 1.35 cents the previous year, is a rise of 15 per cent—not a fall of 72.2 per cent as stated last Wednesday in BT's report, "More listed companies cut dividends rather than raise them".
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    • Article
      Lock icon SembCorp Log plans 1-into-4 stock split
      316 8  -  Move aimed at boosting liquidity in trading of its stock By Serena Ng SEMBCORP Logistics, one of the most expensive non-bank stocks on the Singapore Exchange, is embarking on a l-into-4 stock split to boost liquidity in its shares. The logistics arm of SembCorp
      316 words
    • Article, Illustration
      Lock icon Tung Lok offers 20m shares at 23 cents each
      343 8  -  Two million shares for the public; all 18m placement shares taken np By, Janice Lee TUNG Lok Restaurants (2000) yesterday launched an initial public offer of 20 million new shares at 23 cents apiece for listing on Sesdaq. The offer, representing
      ARTHUR LEE  -  343 words
    • Article
      Lock icon Optus receives revised proposals
      210 8 Bloomberg [SYDNEY] Cable Wireless Optus Ltd said it received revised proposals from companies reaffirming their interest in buying the assets of Australia's No 2 mobile phone company, signalling negotiations are still underway. The comment comes after an Australian newspaper report, citing Dow Jones, said Singapore Telecommunications
      Bloomberg  -  210 words
    • Article, Illustration
      Lock icon Oculus has its eye on Sesdaq listing
      442 8  -  In-principle nod is a first for a local contact lens maker By Liew Hanqing OCULUS Contact Lens Mfg Pte Ltd yesterday announced that it has received in-princi-ple approval for a Sesdaq listing—a first for a contact lens manufacturer and distributor here. For FY2OOO,
      CHRIS LOH  -  442 words
    • Article
      Lock icon OCBC needs to catch up in e-banking
      847 8  -  lock siew serena ng SO OCBC Bank and the Australian and New Zealand Banking Group (ANZ) haye called off their joint venture to form a regional Internet bank. Did it come as a surprise? Not to most. The scheme, many observers felt, had
      847 words
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      547 7 To enjoy 8% p.a. or more, with a guaranteed minimum, the only way is Up. bv m hl. VI W B ißfe Hp I »a£fls». ..jS| 4J ■BHggi W 3s"WS wf gogg;rr;' yHJ "^1 A ■aA a A A A py^ ■b Wr A Cash or CFF Investment Scheme Offer
      547 words
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      27 8 IfbniOvation Wealth Creation for Organisations Empower Your People. Fast-Forward Your Business. 3rd April, 2001 9.00 am 5.30pm Hotel Inter-Continental Singapore management college H4 Emailbmcap&email com wwubeniey-asia. net
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      374 9 fC": V -;#X3tf|£«W9 .atfv -< vf:■&&'*&«„M■ -y > v .*t *f *>XiSm fc >■* -•>" Y >/!* ># i"' si 2 pa&& yyf. au .tO v \V» V L 250 s -W M M %VI liooo* jjjPj^ T27* 'p5^ > Vv 1* Wg^ '..+**y l;i'v -y&W- -p: j&fa >, VY&slfi
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  • SINGAPORE news
    • Article
      Lock icon Foreign talent welcome in public sector too: BG Lee
      484 10  -  news By offering the best of them citizenship, it goes a step farther Reports by Chuang Peck Ming FOREIGN talent is just as welcome in the public sector as private sector. And the former goes a step further in the long
      484 words
    • Article
      Lock icon Skills retraining makes workers more productive
      380 10 Manpower minister says training helps older workers too TRAINING makes a difference. A survey has shown those who attend skills retraining emerge more productive, take on bigger jobs and collect more pay, says Manpower Minister Lee Boon Yang. Two in three participants who went
      380 words
    • IN Brief
      • Article
        Lock icon Centralised poll results announcements
        84 10 COME the next general election, a central announcement system of the election results will be put in place, Home Affairs Minister Wong Kan Seng said. "Apart from simplicity, this will avoid the problems arising from having supporters of different political parties congregating at the announcement centres,"
        84 words
      • Article
        Lock icon MAS mulls revamp of Insurance Act
        67 10 THE Monetary Authority of Singapore, together with the Life Insurance Association, is looking into reforming and consolidating the Insurance Act This, according to Deputy Prime Minister Lee Hsien Loong, is to provide greater clarity in the way insurance policies are written. It will also
        67 words
      • Article
        Lock icon MNCs could be far worse, says Dr Hu
        117 10 WOULD you rather have foreign multinational corporations in place of the government-linked companies? This was Finance Minister Richard Hu's response to the complaints of the GLCs' supposedly stilling presence for local enterprises. "That would be for worse, I would assume," he said.
        117 words
    • Article, Illustration
      Lock icon CityDev sells 50 more Goldenhill units
      416 10  -  By Andrea Tan CITY Developments (CityDev) sold about 50 units at its freehold Goldenhill Park condominium during the weekend, while Allgreen Properties' 99-year leasehold Binjai Crest posted another 25 sales. This brings total sales to 80 at Goldenhill. At Binjai Crest, another eight units
      416 words
    • Article
      Lock icon Gloomy days for Asian exporters
      285 10 ■HuTon the economy regional outlook THE business outlook for Asian exporters is not going to rebound suddenly or any time soon, says Goldman Sachs, pointing to implications of a "shallow" US cycle for Asia. Asian investors need to understand three issues about the US economy—how
      285 words
    • Article
      Lock icon NTU and SGI sign 3rd collaboration
      218 10  -  High-performance snpercompnting centre will research life sciences Byi Chua Hui Min THE Nanyang Technological University (NTU) and US-based graphics computing giant SGI announced yesterday they will each invest $5 million over the next three years in a Nanyang Centre for Supercomputing and Visualisation (NCSV)
      218 words
    • Article, Illustration
      Lock icon S'pore's key role in global disk drive sector
      725 10  -  But book sees US retaining its R&D lead for the foreseeable fnture From Jennifer Lien in Silicon Valley SINGAPORE'S critical role in the globalisation of the hard disk drive industry is the focus of a new book from Stanford University Press by
      725 words
    • Article
      Lock icon S'pore keen to work with Japan on biomed projects
      318 10  -  NSTB chief points ont the strengths of Japanese research By: Engene Low SINGAPORE is keen to pursue joint biomedical science projects with Japan, National Science and Technology Board (NSTB) chairman Philip Yeo said yesterday. Speaking to reporters on the sidelines of
      318 words
    • Article, Illustration
      Lock icon Asian cyber-market will make region attractive: Cheow Tong
      480 11  -  Cities already wired up could jointly begin developing soft infrastructure From'. Tang Weng Fai in Bangalore ASIAN countries must band together to create an "Asian cyber-market-place" that will make the entire region "very attactive to infocomm companies, because individual country markets are
      FILE PHOTO  -  480 words
    • Article
      Lock icon Foreign maid levy needed to check demand
      487 11  -  I bag Kee Ee Wah (Ms) WE refer to the letter "Reduce foreign maid levy" by Steve Lo (Mailbag, Feb 23). In his letter, Mr Lo had suggested that the foreign domestic worker (FDW) levy be reduced to give mothers an incentive to
      487 words
    • Article
      Lock icon SGX should enforce compliance efficiently
      256 11  -  Denis Distant I REFER to your article "SGX tells Royal Clicks to comply with 10 per cent rule" by R Sivanithy (BT, March 10). It leaves me wondering whether it is the compliance division of SGX or business reporters like Mr Sivanithy whose job it
      256 words
    • Article
      Lock icon ABN Amro confirms it's suing APP to recover $31m
      283 11  -  By Ling Su Ann ABN Amro Bank yesterday confirmed it is suing Singa-pore-based Asia Pulp and Paper (APP) to recover $31 million, making it the third and largest reported creditor to sue the company in Singapore for bad debts. The Dutch
      283 words
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      71 11 You Pay: You Get: |nui i SALE E 80% At our Millenia Walk Store #01-62/63/64, from 2nd to 15th March 2001. Appreciate the true value of time at our Renovation Sale. With such appealing prices and great discounts on our selection of watches and pens, this is one event you
      71 words
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  • FOCUS property
    • Article, Illustration
      Lock icon Tuas industrial land: Why the glut?
      702 12  -  Planners' misreading of market trends and the awarding of higher plot ratios led to oversupply nilcomment PROPERTY lee han shih IS the poor reception to industrial sites in Tuas due to weaker economic sentiment or is it the result of a misreading of market
      702 words
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      368 12 Wellington New Zealand office tower and shopping mall Substantially leased to prominent tenants with substantial Cautact: David Baytoy Mobile (64) 21 920 440 Fax (64) 9 302 1461 W7I m association wrth Cushman Wakefield Auckland Office Tower vear lease mam Head leased to Beca Carter Hollings Femer Ltd. (offices in
      368 words
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      222 12 Jones Lang W LaSalle. Singapore's most desired address Site Area: 115,000 sq ft approx. 7wIU Highly exclusive locality \A uwr u Quiet and serene environment f) Just 3 minutes from Orchard Road f Potential for 7 units of Good Class Bungalows mmm v {gfyy Rarely available development opportunity \V? FOR
      222 words
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      214 12 FOR SALE Legal Description Lot 2349N, Mukim 6 Land Area 25,796 sq m Tenure 30 years w.e.f 1 April 1988 30 years Total build-in area 13,193.4 sq m Description of Property Factory with mezzanine office 10,278 sq m Warehouse 1 393 sq m Warehouse 2 1016.4 sq m Warehouse 3
      214 words
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      26 12 jpl m Ml &31 22? t WKSL^ <t4itt Th« Straits Classifiad wt*rt If virtually tvtry if home is Fl at your gdM£*w i fingertips. s I^LMLMLBs
      26 words
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  • e-NEWS
    • Article
      Lock icon Sony, Toshiba, IBM to build new chip technology
      619 13 TOKYO USs4oom plan to develop chips for new computing devices able to access Net at high speeds Bloomberg SONY Computer Entertainment Inc, the game unit of Sony Corp, will join with Toshiba Corp and International Business Machines Corp to research and develop
      Bloomberg  -  619 words
    • Article
      Lock icon Finns go ahead with e-courses despite tough conditions
      372 13 NEW YORK NYT CORPORATE trainers and a handful of universities have found a lucrative niche in online education, but companies that have tried to sell so-called e-learning to the average consumer have struggled along with almost every other online publisher that charges
      NYT  -  372 words
    • Article, Illustration
      Lock icon Avoid Web stocks: Amazon founder
      202 13 Reuters [LONDON] The founder and chief executive of the Internet's number one retailer, Amazon.com Inc, has told smaH investors not to put their money into Web stocks, the BBC reported yesterday. "We are not a stock you can sleep well with at night," Jeff Bezos
      Reuters; AP  -  202 words
    • Article
      Lock icon Wheels are falling off the Internet incubator bandwagon
      562 13 SAN FRANCISCO Web incubators paying a heavy price for betting all on the New Economy Reuters ONCE touted as vital to the development of the Internet, Web incubators now are hatching little but bad news. On Friday, CMGI Inc, rushed to deny
      Reuters  -  562 words
    • Article
      Lock icon Ford promotes e-commerce head and names two women VPs
      359 13 DETROIT NYT IN a vote of confidence in Internet marketing by a giant of the Old Economy, the Ford Motor Co has increased considerably the responsibilities of the president of its electronic commerce operations. On Friday, Brian P Kelley, the 40-year-old
      NYT  -  359 words
    • Article
      Lock icon Icann comes under pressure to reject deal with VeriSign
      608 13 MELBOURNE Opponents say long-term rights to .com snffix will undermine competition Reuters THE pressure on the Internet's top naming authority to reject a plan allowing VeriSign Inc to keep its registrar and long-term rights to the .com domain name space was
      Reuters  -  608 words
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      19 13 Clean rooms of all classes ss. r~ for the semiconductor industry. """""'""SZS J imp .//www yactupi— M» f jp
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      136 13 Speakers Panelists Chairman Andrew Lim Dilhan Pillay Sandrasegara Partner Partner Allen Gledhlll Wong Partnership Chairman of the Corporate Practice Committee The Law Society of Singapore Adrian Chan Partner Juthika Ramanathan Lee Lee Registrar Registry of Companies ft Businesses Workshop Moderators Karl Chong Arnold Tan Partner Partner Khattar Wong ft Partners
      136 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon The business cycle is not a morality play
      754 14  -  OPINION HTTT^ 1 bottom line paul krugman The writer is a professor of economics at Princeton University NYT LAST Thursday, Japan's finance minister made the startling declaration that after a decade of deficit spending to prop up the economy, his government's finances
      NYT  -  754 words
    • Article
      Lock icon IN OTHER WORDS
      125 14 'A crisis of pernicious deflation, which could destroy people's lives, is looming.' Yomiuri Shimban the most conservative of Japan's major daily newspapers, in a front page editorial. 'One by one, the great American companies are being taken out and shot' Bill Rutherford a fund manager, on Intel
      125 words
    • Article
      Lock icon Hongkong's welcome mat
      579 14 EDITORIAL NOT too long ago, Hongkong's Chief Executive Tung Chee-hwa told the legislators that he came away from a visit to Shanghai with mixed emotions happy that the mainland Chinese had made tremendous economic progress but worried that this development would pose a big threat to Hongkong's
      579 words
    • Article, Illustration
      Lock icon Muddling through
      1518 14  -  While the major players adopt new strategies, Indonesia's fundamental problems are not being addressed systematically By] Bruce Gale Dr Bruce Gale is an independent political risk analyst based in Singapore. He contributed this article to BT. BY any standard, Indonesia's fiscal position is in a bad state. Worse,
      AFP  -  1,518 words
    • Article
      Lock icon WHAT THE OTHERS SAY
      633 14 Iduimraei THE mood is growing chillier while the rhetoric is blowing hotter. On Monday, Beijing formally announced an 18 per cent increase in defence spending in response to "drastic" changes in the global military situation. China's foreign minister also urged Washington to "rein in its wild
      633 words
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  • MALAYSIA news
    • Article
      Lock icon Time dotCom's dismal debut hits KL stocks
      611 15  -  Analysts also blame weekend clashes and absence of international fonds From Diana Oon Abdullah in Kuala Lumpur THE dismal debut of Malaysia's largest IPO and clashes in the outskirts of the capital over the weekend dampened sentiment on the Kuala Lumpur stock market
      611 words
    • Article, Illustration
      Lock icon 6th person dies in M'sian ethnic clash as DPM visits scene
      449 15 KAMPUNGMEDAN AFP A SIXTH person died yesterday after Malaysia's worst ethnic clashes for decades as Deputy Premier (DPM) Abdullah Ahmad Badawi visited the scene of the bloodshed to appeal for calm. Police said an ethnic Indian died in hospital
      AFP; AP  -  449 words
    • Article
      Lock icon Time dotCom crashes 26% on debut
      460 15  -  Stock closes at RM2.43; analysts see further downside From Eddie Toh in Kuala Lumpur MORE than RM2 billion (***** million) was wiped off the capitalisation of Time dotCom the owner of a fibreoptics network in Malaysia on its first day of trading yesterday, adding
      460 words
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      153 15 Bye, we're hitting the road. Not for good in case yon wondered But for better things. Much better things. Such as a bigger floor space, a nicer office interior, more comfortable furniture and a better view Why 7 You ask Because after five years at our current location, we re
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  • REGIONAL news
    • Article, Illustration
      Lock icon Minister, police differ on Thai jet blast cause
      630 16 Thaksin, police point to traces of explosives bat transport minister says it was no bomb Reuters [BANGKOK] Thai politicians and police yesterday issued a series of conflicting comments over the explosion of a Thai Airways jet earlier this month, showing there was
      Reuters; AFP  -  630 words
    • Article
      Lock icon Government to cut MAS workforce: reports
      335 16 KUALA LUMPUR It will also work to draw more carriers to EL airport THE government will trim the workforce at ailing Malaysia Airlines and step up efforts to attract more airlines to fly to Kuala Lumpur, according to reports yesterday. The New Straits Times
      335 words
    • Article
      Lock icon Jakarta not raising prices of fuel 'used by people'
      197 16 JAKARTA Bloomberg INDONESIA won't raise local fuel prices for kerosene, diesel and premium gasoline though it will raise prices of bunker fuel and fuel for industrial users on April 1. "The Cabinet has decided that prices for fuel that is much
      Bloomberg  -  197 words
    • Article
      Lock icon KL restates opposition to IMF role in currency swap plan
      324 16 KUALA LUMPUR Its misgivings could deal a body blow to proposed scheme Reuters MALAYSIA reiterated yesterday its opposition to the International Monetary Fund (IMF) having any role in Asia's plan for a currency swap arrangement to head off future financial
      Reuters  -  324 words
    • Article
      Lock icon BritTel may sell stake in Malaysia's Maxis
      265 16 KUALA LUMPUR AP BRITISH Telecommunications is considering selling its stake in Malaysian mobile phone operator Maxis Communications, a spokesman said yesterday. "BT has decided to focus on western Europe and Japan and in this regard will be seeking to realise the value of
      AP  -  265 words
    • Article
      Lock icon M'sia's Jan trade surplus shrinks
      309 16 KUALA LUMPUR Bloomberg MALAYSIA'S trade surplus narrowed by a third in January to its lowest in almost three years as exports of electrical and electronics products to the US faltered. The surplus shrank to RM3.I billion (SSI .4 billion) from RM4.6 billion a year earlier,
      Bloomberg  -  309 words
    • NOTEBook
      • Article
        Lock icon Jakarta to bay LNG after plant closures
        71 16 Reuters [JAKARTA] Indonesia yesterday said it was seeking supplies of liquefied natural gas, possibly from Malaysia and Australia, to help meet contracts after security concerns resulted in the closure of several gasfields in Aceh. The PT Arun NGL plant was barely producing LNG
        Reuters  -  71 words
      • Article
        Lock icon Sinar Has offers collateral to Ibra
        86 16 AFX-Asia [JAKARTA! The Sinar Mas Group has offered the Indonesian Bank Restructuring Agency (Ibra) fixed-asset collateral valued at 23.1 trillion rupiah (553.9 billion) as part of the group's effort to settle affiliated loans provided by former subsidiary Bank Internasional Indonesia. According to an appraisal
        AFX-Asia  -  86 words
      • Article
        Lock icon Thai Petrochem creditors given shares
        74 16 Reuters [BANGKOK] A three-year battle for control of Thailand's biggest debt defaulter appeared to be nearly over yesterday after creditors erf Thai Petrochemical Industry (TPI) were given 75 per cent of the company via a debt-equity swap. TPI said in a statement to the Stock
        Reuters  -  74 words
    • Article
      Lock icon Cathay Pacific's '01 profit seen 7.4% lower
      366 17 HONGKONG Bloomberg CATHAY Pacific Airways will probably see its 2001 profit fall 7.4 per cent as Hongkong's dominant airline copes with the need to fill more available space amid a slowing US economy, analysts said. The airline could earn HK54.63 billion (Ssl billion),
      Bloomberg  -  366 words
    • Article
      Lock icon Taiwan orders three banks to proceed with merger
      179 17 TAIPEI Bloomberg TAIWAN ordered state-run Bank of Taiwan, Land Bank of Taiwan and Central Trust of China to merge, forming a lender with US$l22 billion (*****.3 billion) of assets controlling a fifth of the island's banking industry. The three-way merger was mooted
      Bloomberg  -  179 words
    • Article, Illustration
      Lock icon HSBG silent on report it's cutting 1,200 HK jobs
      432 17  -  Move will hit mainly back-room functions at retail banking division, says paper From. Andrey Tan in Hongkong A WEEK after it was rumoured to be closing up to a third of its branches in Hongkong, the speculation yesterday was that banking
      AFP  -  432 words
    • Article
      Lock icon India's Sebi raises deposit margin again by 10%
      502 17 NEWDELHI This is the second increase in a week by the regulator in a bid to calm markets shaken by payment crisis fears Reuters INDIA'S stock market regulator raised on Sunday the deposit margin on net outstanding sales of all shares in
      Reuters  -  502 words
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      60 16 C Stopping o\er at iiilmralk rich Moscow. \eroflot flics to .ill major cities in 1 nropc jgmm m oil .1 coinprcliciisi\c network schedule. It s ilic preferred wa\ to Ueuin .i delightful ontinental Programme .uul ~N \ears experience. 3Lf 1 Russian Airlines IKKSi/ Jill J Tel: 336 1757 Fcx *****52
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      90 17 We provide consultancy services on offshore structures, shelf companies and Incorporations In ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive Insurance companies for qualified applicants. For
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      Lock icon Page 17 Advertisements Column 2
      215 17 SONY. With Sony VAIO, It's never where you can go. But how far you want to go. M come J||i COOL GEAR 2001 Roadshow Funan The IT Mall 17-18 March 2001 I a >^«*Q jkm KM; J& |f -y _^I~ PCG-FX77OK runs best with Windows® 2000 Professional. Includes Windows® Millennium
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  • WORLD news
    • Article
      Lock icon Nikkei, yen down despite robust GDP figures
      804 18  -  4th-qtrGDPnp 0-8%, Japan spared from recession Promt Anthony Rowley in Tokyo A REPRIEVE from recession revealed in better than expected Japanese GDP figures yesterday did nothing to allay market fears that the country is headed rapidly into a state of economic and political
      804 words
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      Lock icon UK's Prudential to buy American General
      669 18 LONDON USs2&sb tab leaves analysts critical of timing of purchase Reuters PRUDENTIAL pic said yesterday it agreed to buy American General Corp in the biggest insurance takeover ever but investors took fright at the U5526.5 billion (Ss46 billion) price tag, sending the Pru's shares
      Reuters  -  669 words
    • Article
      Lock icon Mastercard and Europay plan merger, says report
      176 18 LONDON AFP MASTERCARD and Europay, the privately owned credit and debit card networks, have agreed the outlines of a merger designed to bolster Mastercard's position against arch rival Visa, the Financial Times reported yesterday. Under the all-share proposal, the European banks that control
      AFP  -  176 words
    • Article
      Lock icon S'pore, Germany keen to buy into Sydney Airport
      252 18 Sydney Airpart ekief ala* *ay» uvtker foreign airport ia keen, lrat declines to ifeatify it AP [SINGAPORE] Singapore and Germany have shown interest in buying a stake in the soon-to-be privatised Sydney Airport Corp, a Sydney airport official said yesterday. "I am
      AP  -  252 words
    • Article, Illustration
      Lock icon Nasdaq switches to decimal amid controversy
      742 19 NEW YORK Decimal system cats costs for small investors, makes life harder for large ones LATWP THE Nasdaq Stock Market was set to launch the first phase of its switch to decimal pricing yesterday with controversy still surrounding the issue on the New York
      LATWP; Source: Bloomberg  -  742 words
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      Lock icon Daytraders survive the Nasdaq slump
      729 19 SAN FRANCISCO But prospects for the 10,000 fall-time day traders in the US now seem slim Reuters THE year-long slump in Nasdaq that has bloodied investors' portfolios and blemished Wall Street analysts' reputations has not left its most swashbuckling faction daytraders unscathed. Daytraders' champions so
      Reuters  -  729 words
    • Article
      Lock icon Policy differences emerge between Powell and Bush
      495 19 WASHINGTON Bnt officials say it's still early days, deny rift on Iraq, N Korea NYT FIRST Secretary of State Colin Powell suggested that the administration would continue tentative steps toward normalising relations with reclusive North Korea. Less than 24 hours later, President George
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      Lock icon Summers to be next president of Harvard
      353 19 CAMBRIDGE Reuters HARVARD University chose former US Treasury Secretary Lawrence Summers to be its 27th president on Sunday, school officials said. The Harvard Board of Overseers voted in a session in New York to name the 46-year-old former Harvard economics professor the university's
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      1274 18 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 Capital Holdings I Keppel Capital Holdings Ltd H (Incorporated in the Republic of Singapore) Notice of Annual General Meeting H NOTICE IS HEREBY GIVEN that the Ist Annual General Meeting of the Company will be held at Hotel
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      678 19 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 129^1 Raffles^ HOLDINGS RAFFLES HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE Or EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at The Ballroom. 3rd Floor, Raffles Hotel, 1
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  • FINANCE & commodities
    • Article
      Lock icon Futures lower as tech stocks get hit
      262 20  -  SGZ Derivatives Trading Report ST Indeac/HSCI S'pore Index Wong Ann Chuen THE Singapore stock market dove into negative territory as Nasdaq's steep fall on Friday made a huge impact on local bourses. At the close, the benchmark Straits Times Index erased 48.48 points
      262 words
    • Article
      Lock icon Nasdaq's losses drag futures lower
      227 20  -  MSCI Taiwan lodes Joseph Lim TAIWAN'S stock market spiralled downwards for the third straight session yesterday as it took the cue from Nasdaq's 5.35 per cent fall on Friday. At the close, the MSCI Taiwan stock index lost 5.89 points to finish at 252.49 points.
      227 words
    • Article
      Lock icon CURRENCY REPORT
      216 20 Reuters London THE yen fell to 20-month lows against the dollar and twomonth lows against the euro yesterday as confidence in Japan's political leadership took another bruising. The dollar was the biggest gainer on the day as concern about a protracted US slowdown eased in the wake of
      Reuters  -  216 words
    • Article, Illustration
      Lock icon Untitled
      1152 20 XVTBftBAWX CROSS RATES Mar 12 r* A> CS !■> I— FIT >■ MhKtt V 1 MSNfcfa Pi W W Oatt fmmt BS$ tab* 0.788 4228 0.545 1578 1067 1973 ***** 53.4* 0.6M 6.509 19* L2T3 30.683 24.525 0J97 1958 0541 *534 ***** 0J47 0988 Canada 1270 5368 0.693 4543 1355
      1,152 words
    • Article
      Lock icon Untitled
      1690 20 SICOM FUTURES Mar 12 RV8BEI (Marts dostoQ«s*SJOpa) KSS1 CO*TtACT(S ceatiAq) Ctaa Mm OpM Mmtt n U» Sitt Ctw«) Itamt Apr 01 ***** 800 ItoyOt ***** 800 Jm 01 105.75 800 107.25 750 BS3C0NTlACT(U5cMtsAt) OpM M—Mi Mjfc Law Satt (tw—») IMarart Apr 01 57.75 WOO May 01 5850 1075 JM 01
      1,690 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hongkong shares plunge 2.9% to hit year's low
      2827 21 HONGKONG AFF QH&ng Seog -4T7J3 HONGKONG share prices plunged 2.9 per cent to their lowest level so far this year yesterday after heavy losses on Wall Street last week, dealers said. The key Hang Seng Index lost 417.63 points to close at
      AFF  -  2,827 words
    • Article
      Lock icon Tokyo shares fall 3.6% to 16-year low
      2032 21 TOKYO AFP Owktaiag -45U3 TOKYO share prices plunged 3.6 per cent yesterday to their lowest level in almost 16 years on a sharp fall by the US Nasdaq market and confusion surrounding Prime Minister Yoshiro Mori's fate, brokers said. The Tokyo Stock Exchange's
      AFP  -  2,032 words
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      Lock icon CHINA
      1043 21 AFP WShantoßMn +1&27 SHANGHAI B-shares closed 4.7 per cent higher yesterday on an influx of fresh funds, dealers said. China opened B-share markets, formerly reserved for foreigners, to domestic residents for the first time on Feb 28. And domestic buying has remained strong since then. Most investors are betting
      AFP; Source: Securities (Asia) Ltd  -  1,043 words
    • Article
      Lock icon TAIPEI
      376 21 AFP QwPMg -fl.li TAIWAN share prices closed 1.7 per cent lower yesterday on selling triggered by Wall Street's losses over the weekend, analysts said. The Taiwan Stock Exchange Weighted Price Index fell 97.76 points to 5,582.67, on turnover of NTJ70.76 billion. "The market was mainly depressed by Wall Street's
      AFP  -  376 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL shares fall on weak Time dotCom debut
      426 22 AFP P Composite Indei -&37 MALAYSIAN shares closed 0.9 per cent lower as Time dotcom's weak debut dragged the market down further after it opened lower following last Friday's Wall Street losses, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell
      AFP  -  426 words
    • Article
      Lock icon Untitled
      9042 22 industrials CWHMMf protects 2001 Lm« Vel Oay Nat Cap HH> Law Ciw»«ny 8ala '000 Ml» Laar pft 340 300 Ajtoomoto 312 1215 45 30 AmUu 33 unch 3 33 33 417 342 286 Apoao Food Hip 312 unch 1 312 312 6.8 124 6 3S6 308 Alii File 330 1X2
      9,042 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2529 23 BOMPSAWABBAMTS Mar 12 tata 9mm! WH U-«MI lat MB* MM *4 M tat to Mk Mta U> M «r fMM gg im —im Mfc Ww I Mb Mb I |T UN 40 as S AcmaW*****4 0.5 1 1 410 1 300 478 104.00 4 23 2.5 s AIITech W*****7 3
      2,529 words
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      Lock icon SEOUL
      296 23 AFP Q Composite InflfT -20.71 SOUTH Korean shares fell 3.6 per cent yesterday. The index fell 20.71 points to 545.05. Volume was 358 million shares worth 1.5 trillion won.—AFP Mrtt Anam Saml 4010 -200 Brain Tach 600 30 Cantral Bank 170 0 CtwMComm *****0 0 Da* Ou Bank I42S
      AFP  -  296 words
    • Article
      Lock icon MANILA
      287 23 AFP n Composite Index -2(188 PHILIPPINE share prices fell 1.3 per cent yesterday with the Philippine Stock Exchange Composite Index down 20.86 points to 1,567.53. Turnover fell to 46.20 million shares worth 196.57 million pesos from Friday's 265.20 million shares worth 291.71 million pesos.—AFP —B Nee mm Abacus Construction
      AFP  -  287 words
    • Article
      Lock icon WELLINGTON
      264 23 AFP NEW Zealand shares continued to hold their ground against markets offshore. The key NZSE-40 Capital Index ended up 2.45 points, or 0.1 per cent, at 2,075.51 on turnover of NZ$B4.4 million. Top gainer, discount retailer The Warehouse, closed up 20 cents at NZ$5.B5. —AFP MrQ B Q8t> Advantage
      AFP  -  264 words
    • Article
      Lock icon SYDNEY
      531 23 AFP PAHMniriai -ILI AUSTRALIAN stocks closed 0.3 per cent down yesterday. The All Ordinaries finished 11.1 points weaker at 3,265.8 while the SP/ASX2OO closed 10.6 points lower at 3,320.7 points. The All Resources Index ended 11.1 points stronger at 1,506.9, while the All Industrials Index slipped 29.3 points at
      AFP  -  531 words
    • Article, Illustration
      Lock icon BANGKOK
      731 23 AFP □SETlifcx -113 THAI share prices slipped 0.7 per cent yesterday, falling in line with steep declines on Wall Street markets, dealers said. The Stock Exchange of Thailand (SET) Composite Index fell 2.13 points to 304.87 while the SET-50 Index was down 0.17 points at 21.47. Declining stocks led
      AFP  -  731 words
    • Article, Illustration
      Lock icon JAKARTA
      735 23 AFP □CmpqgittMti -17J INDONESIAN share prices fell 4.2 per cent to a two-year low yesterday, dragged down by the rupiah's freefall and mass protests against President Abdurrahman Wahid, dealers said. Share price movements mirrored those of the rupiah against the dollar, ending sharply down but off their lows, they
      AFP  -  735 words
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  • Article
    Lock icon STOCK sgx
    8224 24 SGX MAJMBOARD Transaction date: Mar 12 6r Cf m art 32-Wk Last Val Day Last Quota Div Mv YM Nat Cap Avg Htgn Lot Company Isls COOP) Wall Lot Buyar Sa«ar C'vr H P/t S«»»M Mca MULTI MDUSTKY 153 SI c AcmaSOc 52 25 74 52 51.5 W
    8,224 words
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      Lock icon Page 25 Advertisements Column 1
      403 25 Where to wine, dine and entertain..."™? 1 < »>s— 171 M ANDA R I N S L_N G_J» ?S> Uf! PICK Of THE OUCHARD hTghtea Y Enjoy local and Western favourites in a daily high-tea buffet at The Mezzanine Cafe Bar. 12:00 noon to 5:00 pm daily Wcckcn^: J23 80+
      403 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      583 25 The Business Times, Tuesday, March 13,2001 in in II I?i8 fecS. meNlklta 7,34 2-02 ?i P naAl I B a t5 eal time ffl M 0 e-sffi, Central *LoB §5$ jii^^av.Midnight B*o apavtsafty v^" ISB |eve S^e|> 0 e U £0 |f^^ W |«eWpore Up- WO Kardio Irain3 B*4 Traffic
      583 words
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 2
      283 25 CBTPTIC CROSSWORD l ACROSS 3 Bakery job means bare subs»s--1 Mischievous chief (4) I?* 6 3 Analysis of priestly sleuth results 4 "J in revene (5, 5) c ng ,f rr 9a^ y < 2 3 2 0 Herb and Virginia ensconced in 5 Retoent about verruca of daikbox at
      283 words
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  • KNOWLEDGE economy
    • Article, Illustration
      Lock icon Untitled
      1388 26  - Y7BTTB FLAOTGAM and A J RAMACHAMDRAN examine the importance of trademarks YVETTE FLANIGAN, A J RAMACHANDRAN The writers are from the technology practice group of Rajah Tann, Andersen Legal. Please email comments to yvettejlanigan@sg. rajahtann.com THE pharmaceutical industry has a fundamental contract with society: the key players spend phenome n
      FILE PHOTO  -  1,388 words
    • Article, Illustration
      Lock icon The Holy Grail of company valuation
      1670 27  -  Welcome to Wholonics, a system that values a company by literally taking into account everything that matters, unu no reports ANNA TEO COMPUTER firms Cisco Systems and Microsoft, and pharmaceutical companies Schering-Plough, Merck Co, Bristol Myers Squibb, may not have topped the conventional Fortune
      Source:; PHOTOS: CHRIS LOH  -  1,670 words
    • Article
      Lock icon Some frequently asked questions about Wholonics
      795 27 Wholonics Inc Q: How does Wholonics differ from other valuation models? A: Wholonics uniquely combines four areas of practice finance, strategy, innovation and organisational and human resource development in a single, all-encompassing model. Other models of value measurement and creation account for value factors
      Wholonics Inc  -  795 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      126 26 projecteyeball. wSirpw />-a? y-*■. *g^^MB t j In a phrase, parenthood is MM J^m all about lowering your standards. In this Dave Barry reveals inner workings of parental why he i no longer someone Paul Eric Roca PIUS: 'hat doppelganger that transforms even people with the most pleasant dispositions into
      126 words
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      6 26 -Life Sciences Rajah Tann Andersen Legal
      6 words
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  • NEW AISA BIZ WOMAN
    • Article, Illustration
      Lock icon Japanese women get a raw deal
      958 28 While women account for a third of the 119,000 employees at nine nationwide banks, they make up only 2% of executives managing 20 or more people Bloomberg [TOKYO] NAOMI Yasuda Fisher has an MBA, US banking experience and a two-decade track record arranging project
      Bloomberg; REUTERS  -  958 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      370 28 Our S$ loans will go a long way for you Save thousands of dollars in loan instalments on your overseas property through our low cost financing package. If you are looking to secure financing or re-financing for a residential property in Great Britain, Australia, Canada, New Zealand or U.SA, our
      370 words
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      Lock icon Page 28 Advertisements Column 2
      50 28 n*T@in Lianhe Zaobao I Eckfie Chng I I responds to questions I I over his financial meansl I Serial System I I I jp» JmSL '£*?M ;p- -"i? rrsrssi -%."i>--Make your dreams come true with the perfect home from The Straits Times Classified. I i Buy It SdK. Ffad It
      50 words
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      Lock icon Page 28 Advertisements Column 3
      162 28 Since 1975 ou' worldwide staff of over 276 mu:: -disciplined professionals V W H including lawyers chartered accountants 0 W chartered secretaries and D.inke's have M i L V provided conftdentni and cost effective gl ft if company format.on in all the major low ta* areas including i:\~CLiot.r foes '-.<•••
      162 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      286 29 Reuters THE Baltic Dry Index fell 11 points to 1,500, the Baltic Panamax Index gained two points to 1,625, the Baltic Handymax Index firmed 87 points to 9,389 and the Baltic Capes ize Index was down 43 points to 1,831. TME-CHAKTER: +Shibumi:(built 1984) 166,000 dwt delivery Beilun Mar
      Reuters  -  286 words
    • Article
      Lock icon MARITIME STOCKS
      282 29 MrU It *f- W cwTomribumw OJO men 13 Chuon Hup 0.35 unch 271 Cotes Imtortinont 0.16 -0.01 82 Freight Links 0.09 -0.01 90 08 lToldh>g« 0.46 unch 0 IMC HoMnw-MK 3.40 unch 0 JayaHoMkigs 0.M -0.01 174 Koppol Corp 3.42 -0M 292 MppHFtlS too unch 91 Koppei Marine
      282 words
    • Article
      Lock icon Panama Maritime Authority chief gets tough over scam
      420 29  -  Suspension of 26 workers over fake certificates, sacking of guilty parties By] Beth Jinks [SINGAPORE] Blame for the Panama Maritime Authority fake certificate scandal has been levelled at three overseas department heads by the authority's chief Jerry Salazar, who has vowed to
      420 words
    • Article, Illustration
      Lock icon Down but not out
      53 29 Crew members of Panama's chemical tanker 'Andina Trader' uxiving as the ship remains in the port of Saint Malo, France, on Friday. Considered in too bad shape by the French maritime affairs office, the tanker transporting phosphoric acid has been blocked in the port since last
      AFP PHOTO  -  53 words
    • Article
      Lock icon Cloud over Freemantle port exclusive licences
      423 29  -  Aussie, int'l firms waiting for directive from Western Australia's newly elected government From 1 Evelyn Duffy in Perth AUSTRALIAN and international companies bidding for the Fremantle Port's highly lucrative towage business are anxiously awaiting a directive from Western Australia's newly elected Government on licensing
      423 words
    • MAERSK expansion
      • Article, Illustration
        Lock icon Eyeing growth
        607 30 Maersk Sealand is aiming for bigger piece of the pie and faster growth than the market after its major takeovers Reuters THE world's leading container shipping line Maersk Sealand, owned by Denmark's shipping and oil conglomerate A P Moeller (APM), said it was ready to expand again after
        Reuters; FILE PHOTO  -  607 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      180 30 PAGE Appensh* S Assets 5 Austral 6 BaUji Shpq 5 BSA 7 B'tang Mas 6 CCW 7 CMACGM 3 COSCO 3 CSAV 3 Central E« 6 Cho Yang 5 China Shpg S It Cougar 7 Columbus 6 CWTGMwIink 7 Delmas 4 OtakUoyd 6 Dongnama 3 Lastrans 6
      180 words
    • Article
      Lock icon SHIPPING GUIDE
      15668 36 THEBUSINESSTIMES thebusinesstimes page8 EXPORT TUESDAY, MARCH 13, 2001 I llll mm III! 11 mill ETA ETA Advartlsar Vassal Voyaga Talaphona sin oworn Mm* Nama m mammSmm To ABIDJAN (ABJ) 2003 Cot* D'I voir* 28/03 23/04 Mm VILLE DC TAURUS A42W 45-*****44 22/03 20/04 COSCO FEIHC 0077W 65-*****00 20/03
      15,668 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        737 39 Vmd Voy Mo Btftli ArrWd Dtp<rti»rt J H 'JOT 12/03/5:45 M/03/1240 cT-» 126 J06 12/03/715 15/03/1540 St F Mmcxo ***** J01 12/03/940 12/03/TW5 Bt Sur Sikti ***** J01 12/03/840 12/03/2040 Mi* Seriyj 01-Jm JI6 12/03/840 12/03/2140 S«i Huet 0104* JT7 12/03/945 12/03/W40 Hjrc oooio 32 OVOU J05 12/03/tt25
        737 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1885 39 RECEIVING OF EXPORT Fa COMTAHIERS AMP LCL CAROO Booking/Manet Rstis Ship Vty Wo Ett/itT Ported Fron To Fw tO. DAMLU 0421 0/2100 VBOO V*5* »H» a IV" DC 12,-0*5* '2/0900 a h/itoo i2/o*M u/o*oo 1 12/0700 tt/IB* «v«x 4 12/1200 tt/WS* 0/1700 AC1CMU OOM IVU 00 VBOO V*5*
        1,885 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        203 39 iirn Ireland: St. Patrick Day. United Kingdom: St.Patrick's Day. Mar 20 Japan: Vernal Wquinox Day. Mar 21 Mexico: Benito Juarez Day. Mar2S Brunei: Hijrah. Indonesia: Awal Muharram. Malaysia: Awal Muharram. Mar 29 Taiwan: Youth Day. Apr 1 Australia: Good Friday. Argentina: Good Friday. Apr 12 Argentina: Maundy Thursday.
        203 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        794 39 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stAn. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        794 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        385 39 MO Max 981.5 0.4 13.8 0.07 42 0.01 Z?Z- finmii-im- -,d>w,„t do tbort E25 0 0 0 0 Density Water Reside As* AHiwamw mwiw Aw 9e&1 0 J 12.9 0.06 26 0.01 380 Max 9OT.7 0.7 W.7 0.09 52 0.03 Man %»/v %m/m Woa»o«t63S 0 0
        385 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon New Korea airport seen to up carriers' costs
        425 40 With 120b won more in combined costs, Korea Air expects to be offset by perks bat Asiana sees no edge Reuters [SEOUL] South Korea's two airline companies said yesterday that the country's new airport, set to open on March 29, would increase
        Reuters; AP  -  425 words
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        Lock icon SIA plans 828 aero-exchange with 12 carriers
        296 40 Reuters [SINGAPORE] Singapore Airlines (SIA) plans to participate in a business-to-business (B2B) portal with other global carriers to buy parts and services worth some US$45 billion (S$79 billion) per year, an SIA official said yesterday. Michael Chan, division vice-president of administration, said SIA
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        269 40 Reuters [BEIJING] China's civil aviation authorities have submitted an airline industry restructuring plan to the Cabinet for approval, state media reported yesterday. "The restructuring plan of the civil aviation industry has been submitted to the State Council," the China Business Daily
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        Lock icon Goodrich to supply landing gear for Airbus superjumbo
        279 40 Bloomberg [CHARLOTTE, North Carolina] B F Goodrich Co, a US maker of parts for the aerospace industry, said it has been picked by Europe's Airbus Industrie to supply the landing gear for the planned A3BO supeijumbo aircraft. Goodrich will engineer and make
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        1720 40 cmr WW g> MM o> MMM* MB LN6380 2230 aw zm MM MS 0M0 6*974 0C0 KL0837 635 ****** 0125 U0636 2330 MM aw M—M 18 MM i— mmt cms Mi tas MM KB M BM 2MB S***** MO SO 285 2045 ****** 2020 S6266 MM
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        Lock icon Northwest-union talks deadlocked
        627 40 But President Bnsh's order blocks any strike by airline's mechanics over wage dispute for 60 days Reuters [ARLINGTON, Virginia] Mechanics at Northwest Airlines Corp said they failed to reach an agreement with the fourth largest US airline on Sunday, but a presidential order blocks any strike by
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      48 29 PEOPLE Bulletin Board is complied and edited by DONALO URQUHART. We (welcome items from everyone in the shipping and transport community. Call 730-5197, fax 735-2947, e-mail btship9cYberway.com.sg or send your contribution to Shipping Times, 5th floor. Times House, 390 Kim Seng Road, Singapore *****5. -W*% IT» 1 www.maritimeChain.com
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      213 29 I Maersk Sealand eyeing growth BPg2 SPECIAL FEATURE 27 MARCH 2001 Make waves in a knowledge-based economy -iu L 9afW%l Singapore's position as a major maritime hub f t has never been more important, especially now that the Trade Ito step up towards trade system, logistic business environment. education and
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      701 30 NORTH AMERICA I GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) OUIJ KARACHI EXPRESS (QIOQ ~1 VOY LGO r^S—| KUKG VOT >W0 rtO KDUOTD UNDAJt AMAS ltf 07/B3 01/03 10/03 10/03 00Q JAPAN 40*00 20/02 10/03 20/03 PftO NDUOTV MOOOURNE 211 14/03 15/03 17/03 25/03 OOCL NETHEKLANDS 24W00 07/03 25/03 27/03 4X
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      761 30 Lines services represented by fcgSgjkA Members of the Registry of Members of the WKSMS/ Accredited Shippmg Agents, Singapore logistics Singapore Shipping Association Association ULY UNI MALI vcsa voy Tlu [15 eta P. UANG STORE MALE Empress Lily VO3Ol 16/03 17/03 24/03 Princess Lily VO3Ol 30/03 31/03 08/04 Empress Lily VO4Ol
      761 words
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      1170 31 SAX SERVKE (DIRECT) vtssa voy sin eta ux om pal hop oo col mem ati nyc An SARDONYX 026E 17/91 01/02 05/02 05/02 05/02 05/02 05/02 05/02 04/02 06/02 Afl TUIOUOiSf 040E 24/01 00/02 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 ATI MM 02M 01/02 15/02 10/02 10/02 10/02
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      1826 31 TOt COiMil 1 -KfOrrBMMT I rr/r>4iirf) J GENERAL AGENTS IN SMGAPORE 80 RORMSON RD #12-00 SAJJES/BKGS TIL *****5//43 FAX: 238SJT11/I 'l MAUTMA Q»FKI: PA»GUWNG TIL JIMMI 44 fOCTiI (KIPMNC BTI LTD SINGAPORE *****8 OUTWARD (1/U *****02 23*5325/75 PORT RUNG 03-*****433 03-*****448 Si mSi IH:fflH00l«Ail HOWARD (D/ 0) *****1* *****19/44 PENANG
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      1299 32 SENATOR LINES TO IUROPg TO MttOil EAST/RAN/MED SEA vcsa I vot aili"" i» iw um mm m tu Ivma |wt I an m du I a naoKntm oei/w tin 30.03 oija «im um oojo iim fowamt ooiiw i;j) 74.es 77.03 jiji oim lUKHKM 0062W lU3 MjM 10.04 07.04 UM 10.04
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      854 32 AM MAC-NELS S POKE M'SIA Carrier MM CONTR LINES, INC KOUMMfcOTanm rNvV'J Wmiwrmiß SBU: (084) *****8 MANIA: (832) *****24 V V PENANQ: (84)*****38 BANGKOK: (882)*****87 SURABAYA: (31)*****11 P. KELAWQ: (03) *****77 JKT: (21) *****48 KUCHIO (882) *****1-3 HAIPHONG MANILA MV "MEUNH" VO7N MV AVEIRO" V.OlB ETA SIN: 17-03-2001 16-03-2001 ADELAIDE
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      497 32 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FORNSHEV* iCfSMULUNO MUMBAIi COCHIN COLOMBO ALSO ACCEPTING TO Ml NORTHERN MB WESTERN 1.C.0. PONfTS Vttwl SPORE SHEVA COCHIN COLOMSO PKLANG TULSIOAS Vl3O u MAR 27 MAR MMAR 02 APR M APR FRONTIER VIO7W 25 MAR 03 APR 06 APR NAPR 13 APR PU GLORY
      497 words
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      1516 33 |V««« VOY KHH HKO I «N I PKL OXO OAE PMM IK MAN TAEATAOAEI PCL-198 13/03 14/03 17/03 13/03 27/03 23/03 30/03 01/04 MAN KIRMAN PCI-199 20/03 21/03 24/03 25/03 01/04 02/04 04/04 06/04 MAN ISFAHAN PCL-200 27/03 23/03 31/03 01/04 03/04 09/04 11/04 13/04 MAN HOWMOZOAN PCI-201 03/04 04/04
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      348 33 4 k I~ Loving for 1 OCEAN ISLAND RDM/ATW/BMNAJK I TAHARA RDM/ATW/BMNAJK I Loads Singapore. E7W. Mrtaym Indonwa J Loading lor ARETE JOH/AQA/DMT BAN ANN DBVABU/DOH/BRN/DMM/KWT SAFEER JDH/AQA/DMT EVDOXIA HDCVJDH/AQA VI HELLAS DBVABU/DOH/BRN/DMM/KWT SUN ACE D6UABLI/tX>VBRNA3MM/KWT CORALI DBVABU/DOH/BRN/DMM/KWT •Loads Singapore. E7W. Malaysia Indoneaa I Loading tor 1 OCEAN GOLD CAM/NFK/SAV/NOL
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      1352 33 WJRQy» iXrWSS SrRVICk EXPORT IMPORT WOK Ipi 10*03 JI/OJ' 01/Q4' n£uis« OltW 17/04 04/05 04/05 07 05 00/05 WMLST =0» 00/03 M/ 03 02/04 OS/ F 22/04 EXPORT IMPORT-winiwiiaiwm»B/n(asiA—B»iwwei»t»»a/tt VKSa VOT SN LGO 0U Atom* CAKOB 10: I) JAM VRSfI ~~VOT lus \~oH SW ram ott lii/lilto/M lay* pudohgsoutoi oitw
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      713 34 EXPORT vßsa/voYAa sep ao |v» or lau I— Iwv |thp m]_ (JUMNOOKOIIW IMB OWIOMH tJIMYOOtfOU* JV® QMxIoMHKW I2O4|IMH 13f14]1504|14<04 PUBMMEMMO3R 01/tM WW 15/0417/04 14,04 ijw WW www* IJiBQiiOMMKK IRO4 2M4 22/04 2104 IM>4 2M)4 27 *X 24/04 3Q4X (JUIiOOKMBW lyW 27/04 24/04 01, If oiQS Q2AIS jVOS uucrssßooti-ovw 22/04 qmis|ims|o4/os
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      327 34 IXPOW VlSSfi VOYAGE SGP CM! DM JM AM MM MN KM NXV mum 0144W 14/03 27/03 24/03 02/04 UMANRE *****34W 11/03 23/03 21/03 24/03 UN WnOT 014M14W 20/03 24/03 30/03 02/W HSHKUSU 0007W 23/03 OVO4- 05/04 04/04 UN ASSENT *****24* 25/B 30/03 OCO4 05/04 UNFtUOBffOMtOOM 27/03 31/03 I*o4 04/04 Also
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      900 34 JAICAIITAfAM JAW rasa I VOT IMI MB w? mi rasa vot I m m m umwm- ww_ iyP3 _m !45L_ Jfißg- f» MB M3—-M*— >mm- aa_ m __iim m ffiSi rl 1 immiHUM a* mi m UM |fg CHWIWi I4SH 17/ M 71/13 70/03 So np MM M/W Z gTWOMM"
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      459 34 INDONESIA NATIONAL LINE TO AUSTRALIA 1 FwxootfpyNwiieMCc va wr m w w sn m rams m ii/bm h/hh/wo/w mtw ~m «/o»/w n/H M/M ii/N nmrnum »T b/mb/w u/w is/w u/h n/u MNOTT "ST W/K 14/ M 16/ M n/w P/*4 FEEDER SERVICE TO INDONESIA tn m-n» rann ■a TW IMB
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      395 35 BSA il lßsT n=!?3rreW!Te 3Tl l sSM W Imm. MYANMA %BBBk FIVE STAR UNE r (Myaanar National Line) Loading for Yo»§o« VESSa VOT SIN ftt PEN PGU ■AGO 11«W SID DONG LA 42W 21/03 MALAYSIA AGENTS: OOUSTEAD SMffMG AGENCKS KUL IB 03-*****00 «L- TU 03-*****101 rat m M-*****02 rah m
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      1308 35 HMN¥HYUNDAI MERCHANT MARINE CO., LTD. Ivcsa VOT 181 I SOII IB RIB AM HAB MV I VESSa I VOT I SOU I 1» I RIB ANT I 188 IMVI M I APIBDOMSIA VOMW 15/03 02/04 07/04 M/ 04 05/04 NKXDM *53* 23/02 24/02 11/02 20/02 14/03 BAAS VLS42W 14/03 M/
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      863 35 vtfcv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HIAYYUFT SBYKT Ivtssa I VOT IKABP HBGHTI S« I LOC I BAO I H I SW I Ml I 0«f I NTt I«W I WOI I TAPKXA ANIO7 4001 MS 6.3 M 29/03 04/05 07/05 00/05 11/05 11/05 14/05 10/05
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      72 38 SINGAPORE PTE LTD m 15 McCallum Street #03-01/02 Natwest Centre Slnfapoce *****5 Fa* (65) 2201)66 Email (enetal#ecusin eculine net mw Wk MM Website http "www eculine net RICKMERS Avei EAST MALAYSIA LINIE Kuching/Kota Kinabalu/Muara/Sibu Tawau/Bintulu/Labuan/Sandakan See Pagp 4 Call: 220 3373 FREMANTLE I KYOWA LINE I COCOS CHRISTMAS ISLAND WESTERN
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      136 39 j ■11'iiih"" 1 11 "'">i i tBi 1 jr^ ItJJo**& o**o** ic a£ 11 LEGEND- Issued by Meteorological Service Singapore R Thunderstorm Showers Temperature Wjnd auction and speed in knots Mam Weather Cloudy Day £*<> Hazy Sea Conditions Wind speed symbols r— 1 s, jght <1 2m O Full circle
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