The Business Times, 15 March 2001

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Total Pages: 56
1 56 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE i Internet: http://business-times.asial.com.sg- THURSDAY, MARCH 15, 2001 85*
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  • 75 1 □m 1,792J8 (-5.79) mm 74&33 (-o.se) ST INDEX FUTURES 1,***** (-33.00) SDEX3 FUTTJIES 228J0 (4.00) STOCK MARKET INDICES Wednesday Change KLSE OOMP 682.33 -010 NIKKEI 226 *****69 +2189 HANG SENO 13JW084 -***** SET INDEX ***** -18J JAKARTA COMP ***** +128 MANILA-OOXP 1,***** -181 TAIPEI WPL- 6.***** +4781 SEOUL
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  • 83 1 FOBEX BATES us$ s$ USS (S$ per USS) 1.760 £(tIS$/SS per 1.444 1642 El'ROfUSS/SS/E) 0.909 1.800 DM 1152 1123 YEN lit J 68.10 RX J .800 2159 HKS im 4.432 BART 4312 24.73 RUPIAH 10,028 5.696 •SS to 100 units nm bates SINGAPORE* 5.89 KUALA LUMPUR 767 JAKARTA 39.00
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  • 673 1  -  Lorn Chang selling out to Vickers; CSFB shotting down retail broking By Siow Li Sen [SINGAPORE] The consolidation of the stockbroking industry gathered pace yesterday with two more players throwing in the towel Lum Chang is selling its broking business to Vickers Ballas for $28.9
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  • 306 1 Group also appoints Ngiam Tong Dow and Lee Ek Tieng as directors [SINGAPORE] Singapore Press Holdings has appointed Yeo Ning Hong, Ngiam Tong Dow and Lee Ek Tieng directors from today, boosting its board from seven to 10 members. The other board members are:
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  • 684 1  -  Hub carpark at 'white'site has to be ready first: URA By Kalpana Rashiwala [SINGAPORE] Capita Land's proposal to redevelop its Market Street and Golden Shoe multi-storey carparks may have to be put on hold for the time being, judging by a letter which
    684 words
  • 798 1  -  It will cut stakes in Sing Tel, DBS to rid perception of govt control By Teh Hooi Ling [SINGAPORE] The government will give up its veto power in Singapore Telecommunications (Sing Tel), in order to rid the perception that
    798 words
  • 75 1 Reuters [NEW YORK] The Dow Industrial briefly lost its grip on the 10,000 mark yesterday morning as a selling wave sent it tumbling 325 points to 9,967. But by 11am EST it had recovered to 10,118.97 for a loss of 171.83 points. TeCh stocks, however,
    Reuters  -  75 words
  • Page 1 Advertisements
    • 87 1 maps Top Stories HK home prices dropped 13% last year, Pg 14 Wing Tai interim down 70% to $7m. Pg4 M'sia F1 success fails to draw crowds. Pg 11 Rupiah rallies 1.9% after central bank steps in. Pg 12 Market chill Outlook for STI stocks. Next Pmge Why Fed didn't
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    • 47 1 J ol 1% I scandal MAS may modify minimum nod;ii cors.position of iot M a s ir !POs Next Page Next Page KepLand down 5.3% on Marina bid, Pg 4 Koh Boon Hwee appointed to SIA board, Next Page 1 I What developers are doing about puat^u^jjaflandtgHitj
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    • 44 1 B V LG A R I < II I I \l r< K \K N I I I i I I W I I I I K S f !Afca s /he llninin i n hi n ,/1» M I:-:-'. >. t w n N >.■ w
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    • 15 1 IPO dates for PSA, SPnot set,Pg 5 CAW issue* profit warning on Optus, Pg 7
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  • NEXT page
    • 880 2  -  Bat it will continue to ensure strong Singaporean presence By Serena Ng [SINGAPORE] The Monetary Authority of Singapore (MAS) may modify its requirement that at least half the board members of local banks be Singapore citizens or permanent residents,
      880 words
    • 497 2  -  Aim is to shield investors from parking money with poorly subscribed IPOs By David Boey [SINGAPORE] Overseas Union Bank (OUB) has taken the unusual step of imposing a floor limit caveat on initial public offer (IPO) subscription rates in a bid
      497 words
    • 905 2  -  Bourse now at lowest level in nearly two years By Ling Su Ann [SINGAPORE] Singapore stocks look attractive at current levels, but investors should be prepared for a rough ride ahead, analysts say. Yesterday, the Singapore stock market closed
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    • 320 2 [SINGAPORE] Sing Tel chairman Koh Boon Hwee has been appointed to the board of Singapore Airlines, the national carrier said in a brief statement yesterday. The appointment immediately gave rise to speculation that he might replace Michael Fam as chairman at the next
      320 words
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  • MARKET CHILL
    • 962 3 Qneupu <m> Btt bdtove chu&sim stack prices caa or should be targeted by Fed LAT-WP {WASHINGTON] Federal Reserve poli-cy-makers appear certain to cut shortterm interest rates when they meet next Tuesday, but that hardly will be soon enough to satisfy a host
      LAT-WP; AFP FILE PHOTO  -  962 words
    • 486 3  -  This is despite European bonrses turning bearish From Neil Behrmann in London EUROPEAN stock markets are caught in an unrelenting bearish grip, but a Merrill Lynch survey shows that local fund managers are sanguine, especially about their domestic economies. After rallying early yesterday
      486 words
    • ON THE grapevine
      • 105 3 ACCORDING to the online brokerage Ameritrade, one out of four of its customers bought Cisco during last Friday's dip. Ned Schmidt, a newsletter writer, has an explanation. "Until disgust and revulsion are common, no bottom will be in sight for the previously popular 'growth' dogs."
        105 words
      • 94 3 NEVER thought you'd hear it from him. Time Magazine's Man of the Year. Jeff Bezos recently told BBC that Amazon is not "a stock you can sleep well with at night. We think over time we'll build a very valuable company. But for
        94 words
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  • SINGAPORE companies
    • 389 4  -  Turnover also tumbles to $52m; there were no write-backs By Andrea Tan WITH just one property launch last year, Wing Tai Holdings saw turnover and net profit plunge 70 per cent in the six months to Dec 31. Net profit tumbled to
      389 words
    • 842 4  -  hock n.ijmuuj quak hiang whai LESS than a year ago, a friend who was hired to run a Hongkong dotcom company with regional exposure was expounding to this correspondent how different his business was from the rest of the fly-by-night Internet companies. The company which was
      842 words
    • 312 4  -  By Andrea Tan INVESTORS punished Keppel Land for its bold move in bidding for the new Downtown "white" site they sold down the company's shares 5.3 per cent or 12 cents to $2.13. On Tuesday, an equal partnership between Keppel Land, Li Ka-shing's Cheung
      312 words
    • 539 5 Excel Machine Tools expects general takeover offer from two parties soon EXPECTATIONS of a takeover at Eltech Electronics has turned out to be a damp squib the company said efforts by its major shareholders to sell their shares had fallen through. The company
      539 words
    • 335 5  -  Listings may be expected either this year or next: BG Lee By Marissa Chew THE dates of the initial public offers (IPO) of PSA Corporation and Singapore Power (SP) shares are yet to be set and will depend on market conditions, Deputy Prime
      335 words
    • 394 5  -  9.6 m shares on offer to public, 121 m shares being placed oat to raise net $35m By Adeline Chuah CHINA-based United Food Holdings yesterday launched an initial public offer of 130.6 million shares at 31.5 cents apiece for listing
      RICHARD CHNG  -  394 words
    • 258 5  -  By Rachel Ong CHINA-based People's Food Holdings will not forget its debut on the main board of the Singapore Exchange yesterday its shares slumped 34 per cent and it led the actives list. The stock closed at 29.5 cents on volume of 38
      258 words
    • 382 7  -  Profits soar 80 times to $&3m as turnover surges 200% to $21m By David Boey SHARES of water treatment company Hyflux fell two cents to a six-week low of 52 •cents yesterday but that was before the market learnt of its sparkling results for FY 2000.
      RICHARD CHNG  -  382 words
    • COMPANY Briefs
      • 102 7 HO Bee Investment said its 2000 net profit fell 41 per cent to $26.3 million. Group turnover declined 31 per cent to $198.7 million due to lower recognition of sales on the group's development properties in Singapore compared with the previous year, and the unexpected
        102 words
      • 45 7 SIM Lian Group said net profit for the half year to Dec 31 fell 61 per cent to $3.65 million. Compared with the previous year, group turnover saw a 12 per cent decline from $84.2 million to $74.3 million.
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      • 57 7 HOR Kew Corporation said yesterday its profit for the year ended Dec 31 fell 51 per cent to $5.62 million. Turnover also slumped 51 per cent to $85.67 million from $174.86 million in 1999, due to the continued weakness of the local construction market and
        57 words
    • 360 7  -  They announce joint venture to run NTUC Media's radio stations Liew Hanqing SPH Media Works and NTUC Media have teamed up to give the Radio Corporation of Singapore a run for its money. The two partners yesterday announced a 50-50 joint venture to own
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    • 300 7 SYDNEY This could force quicker sale of Aussie subsidiary Reuters A PROFIT warning from the parent of Cable Wireless Optus Ltd could force a quicker sale of the Australian subsidiary. brokers said yesterday after Singapore Telecommunications Ltd entered high-level talks with Optus. Britain's Cable
      Reuters  -  300 words
    • 162 7 METRO Holdings Ltd is making a $90 million floating rate note issue that will be managed by DBS Bank. The notes are guaranteed by Orchard Square Development Corp, a 100 per cent owned subsidiary of Metro which holds a 27 per cent
      162 words
    • 251 7  -  By Rachel Ong PHILLIP Capital Management (PCM), the asset management arm of Phillip Securities Group, is launching three investment funds the Phillip Money Market Fund, the Phillip Income fund and the Phillip Growth Fund. Unlike most unit trusts, the funds will focus on achieving
      251 words
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    • 1152 4 THAKRAL CORPORATION LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at The Board Room of 20 Upper Circular Road, The Riverwalk #03-06, Singapore *****6 on 30 March 2001, Friday, at 10.00
      1,152 words
    • 832 4 f SINGAPORE FOOD INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of Singapore Food Industries Limited (the "Company" > will be held at The Board Room. 234 Pandan Loop. Singapore *****2 on March
      832 words

  • Page 5 Advertisements
    • 231 5 9 H^^l y ififfl jimjl- kgff £M lOlu 1 i *r« ~i More than just a credit card, a Citibank Visa or MasterCard opens the door to a whole new lifestyle. g*j cmBAN<O sißf am *j|T aPP^M*"'"* It's not just the excitement of shopping, dining and travelling with the card.
      231 words

  • SINGAPORE markets
    • 574 6  -  STOCKS ven sreenivasan AFTER a short-lived technical rebound sparked by an overnight rise on Wall Street, Singapore stocks sank yesterday as prevailing pessimism continued to weigh down sentiment. With many heavyweights still under selling pressure, there was never any chance of
      574 words
    • 169 6  -  WARRANT WATCH By Ven Sreenivasan ONE stock and its warrant have been doing very nicely despite the bearish market conditions. Food maker Want Want Holding's shares gained another two US cents to US$l.lB yesterday on volume of 625,000. Meanwhile, its warrant gained 2.5
      169 words
    • 536 6 Stocks Volume PeopteTsFood HGK 50c 37,937,000 SingTel 15c 28,434,000 Lankom US2c 15,058,000 Integra 5c 14,052,000 GES Intl Lid 20c 12,722,000 Omni Ind 10c 9,789,000 PacificCenturylOc 9,179,000 PCI 25c 6,861,000 Chart Semiconductor 26c 6,559,000 Hyflux 5c 6,554,000 Stocks DBSGrp 85,048,504 SingTel 15C 69.463,143 UOB 38.355,394 VentureMfg25c 37,153,261 SIA 34,182,808 0C8C 34,063,550
      536 words
    • 191 6  -  HOT STOCK By Ven Sreenivasan THE stock of Chartered Semiconductor has completed an almost full retracement from a double head-and-shoulders formation, falling another five cents to $5 yesterday on volume of 6.6 million. Despite the retracement, the Relative Strength Index is still in neutral territory. Meanwhile,
      191 words
    • 129 6 ARMSTRONG Industrial Corporation Ltd announced that Ms Joanna Lim Lan Sim has replaced Diana Jackson-Yap Mei Lan as one of the named company secretaries of the company with effect from Feb 28,2001. ♦HARIMAU Investments Ltd announced a proposed voluntary liquidation. Subject to shareholders' approval at a meeting to
      129 words
    • 348 6  -  CURRENCIES larry wee JAPANESE selling and an overnight US tech stock recovery hammered the euro and Australian dollar yesterday, but gave Asian currencies a welcome break. The euro broke through key support at 92.40 US cents and plunged below
      Source: Reuters  -  348 words
  • Page 6 Advertisements
    • 131 6 ■■MftHHIIII An Exclusive 4k, ohmm'hm you charge You'll be &ffi n the 3g Jgfl'ZZ M JiWe bears, flurry COTTip3liy i to Market Place r»_ Paragon '-"Jf| nd Tanglin) from JLj Limited to one redemption per DBS VISA card transaction. While stocks last. ■Pvan yy\ oil French Cheese lILIIII CI I
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  • Page 7 Advertisements
    • 260 7 U> >I<'- »:.<>•} .V |g) WE ARE *****02-CERTIFIED HI i JhE^H ■k KpF 4 JmMBT w|V T S v HKfl J V 9 Hrß H W* M 1 s®iPPr~ I Ml 8%1 c Literally s$H we attribute our success today to an unflinching dedication in offering only products of the
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  • SINGAPORE news
    • 619 8  -  Signing of FTA with S'pore will signal the US plans to stay a key regional player, he suggests Reports by Leon Hadar in Washington AS the new US administration ponders its global economic and security policies, Singapore's Trade and Industry
      REUTERS  -  619 words
    • 376 8 Their ability to stabilise ties will also affect region's growth THE continuing engagement of the US in East Asia and the economic growth in the region depend on whether Washington and Beijing can successfully stabilise their bilateral economic and
      376 words
    • 354 8  -  MAILIiETTI Yap Wy-En New York via Internet I REFER to the report "US dollar to rise to 125, 130 yen" by Larry Wee (BT, Mar 7). It is an extremely insightful article that raises many germane points and, on the whole, puts forth keen
      354 words
    • 599 9  -  parhamentirrsm All pre-1980 blocks now eligible for main upgrading 1981-1986 blocks can get interim upgrading By Marissa Chew THE government yesterday said newer public housing blocks can now qualify for upgrading, meaning that an additional 240,000 flats may now benefit from
      FILE PHOTO  -  599 words
    • 316 9  -  By Rachel Ong MORE people are likely to lose their jobs this year, says the Ministry of Manpower in its latest labour market report. The number of retrenchments is likely to rise from 11,624 last year following job cuts announced by USbased
      Source: Min of Manpower  -  316 words
    • 248 9 A PRIME industrial redevelopment site at 237 Pandan Loop has been put up for sale by public tender. The 999-year leasehold site, covering 5,058.6 sq m in the Pandan Crescent Industrial Estate, is zoned "industrial" under the 1985 Master Plan and designated
      248 words
    • 242 9 FANCY testing your mettle in something like Eco-Challenge but don't quite feel up to the toughest race on Earth? Have a shot then at a local mini-version, at the end of this month, called The AXN Challenge. The one-day race organised by cable TV company
      242 words
    • 374 9  -  David Koh Beng Oon admitted to COE-related cheating charges Reports by Conrad Raj THE former boss of Auto Asia, which used to distribute Kia cars from South Korea, was jailed yesterday for 12 weeks after he admitted to cheating charges in relation
      FILE PHOTO  -  374 words
    • 352 9 Heh&stop&yOCßC $8m as guarantor for loan PINETREE Town Country Club chairman Chng Heng Tiu yesterday lost his appeal against a summary judgment obtained by OCBC Bank several weeks ago after he failed to make good a guarantee on an $8 million loan
      352 words
  • Page 8 Advertisements
    • 931 8 WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Announcement of unaudited results for the six months ended 31 December 2000. GROUP COMPANY Six months ended Six months ended 31 Dec 2000 31 Dec 1999 31 Dec 2000 31 Dec 1999 ss'ooo ssooo srooo ssooo +A-) 1 (a) Turnover
      931 words
    • 78 8 Japan-S'pore talks on FT A to end early, Pg 18 We welcome letters. E-mail us at btfetter@ sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify
      78 words

  • Page 9 Advertisements
    • 140 9 MIL' >'■ V* 1 II TflF' m mr- V w jj9&i&.. va X ty' > i|B y 1 'l^Kgjf" /W IMP -v- iJf'B/ 9H£t W j3v h; .fS i f j Realize your %Jjfr s jjMr t -v' f- --I ■> HI ll f 1 f* 'tbil jjs Ik xii
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  • EDITORIAL & opinion
    • 724 10  -  OPINION zjMEMmmm ■f.UM.'JII.U g panicker The writer is a journalist with BT's Foreign Desk PHARMACEUTICAL companies are giving globalisation a bad name. And if they have their way, they may even unwittingly help hang it In the Pretoria High Court, Judge Bernard Ngoepe last
      724 words
    • 145 10 'Decision making will slow down. Speedy government action requires trust which goes down when a scandal like this hits.' -N Bhutan Bao chairman of the Centre for Media Studies, a New Delhi-based think-tank, after a bribery scandal ensnared lawmakers from India's ruling coalition. 'When you have world
      145 words
    • 676 10 EDITORIAL DROP the shackles of old mindsets and outdated taboos, better late than never. Nowhere is this more evident in Singapore than in recent highly significant, pronouncements on policy (or attitude) change in two key areas. First is the indication that Parliament need no longer be
      676 words
    • 915 10  -  The economic measures finally announced last Friday are stunning only for their inadequacy By Patrick Smith The writer is the author of 'Japan: A Reinterpretation' Bloomberg [TOKYO] Let's see. A month ago, the Bank of Japan (BOJ) announced a small cut in the official discount
      Bloomberg; AFP  -  915 words
    • 680 10  -  COMMENTARY If Indonesians want better leaders, they need to shape np themselves By Julia Suryakusuma The writer is a sociologist and executive director of the Almanac of Indonesian Politics, a foundation for political research, information and publications. She contributed this comment to the International
      IHT  -  680 words

  • MALAYSIA news
    • 429 11  -  Substantial stake from debt-to-equity conversion, no cash outlay: official From Eddie Toh in Kuala Lumpur MALAYSIA'S bad debt recovery agency Pengurusan Danaharta Nasional has emerged as a substantial shareholder of Time dot Com following the dismal initial public offering (IPO) that has
      429 words
    • 492 11 KUALA LUMPUR Country is being reweighted on fears over corporate governance, liquidity Reuters, Bloomberg FOREIGN investors are unlikely to return to Malaysia until at least the third quarter of this year as concerns over corporate governance and liquidity prompt them
      Reuters,; Bloomberg  -  492 words
    • 568 11 KUALA LUMPUR Bloomberg MALAYSIA is finding out there's more to hosting a Formula One Grand Prix than a US$ll2 million (Ssl97 million) circuit and a home team that just won its first championship points. With less than a week to go
      Bloomberg; AFP  -  568 words
    • 382 11  -  Nexnews was to boy 70% of Edge Command 74% of Son Media From] Diana Oon Abdullah in Kuala Lumpur NEXNEWS.COM Bhd, a listed vehicle controlled by businessman Tong Kooi Ong, will not be buying over media groups Edge Communications Sdn Bhd
      382 words
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  • SOUTH east asia
    • 213 12 Bloomberg. Reuters [JAKARTA] THE Indonesian rupiah staged its biggest rally in more than two months after the central bank said it bought the currency to stem its decline to a 2Vi year low this week. It rose 1.9 per cent to 10,100
      Bloomberg.; Reuters  -  213 words
    • 389 12 Govt move conld help pave way for resumption of loan talks with IMF Reuters IJAKARTA] Indonesia said yesterday it had postponed hearings on controversial central bank law changes, a move that could help break a deadlock in negotiations with the International Monetary Fund
      Reuters  -  389 words
    • 204 12 JAKARTA Reuters INDONESIA yesterday said it could pay Bank Internasional Indonesia (BII) with loans restructured by the bank restructuring agency (Ibra) if the Sinar Mas Group defaulted on its debts to the bank. Analysts say such a move could spell more trouble
      Reuters  -  204 words
    • 308 12 WASHINGTON Bloomberg INDONESIA'S bank rescue agency wants to ally with foreign investment banks to restructure and make profitable the bad loans it absorbed three years ago, the agency's chairman said. Pairing with foreign firms such as GE Capital Corp will bring expertise,
      Bloomberg  -  308 words
    • 535 13 JAKARTA Japanese-chartered tanker prevented from leaving following separate dispute involving PTCaltex Reuters SECURITY problems in Indonesia's Aceh province has forced one of Japan's top electric power companies to seek alternative sources of liquefied natural gas (LNG). Separately, local Indonesian authorities
      Reuters  -  535 words
    • 287 13 AP [JAKARTA] Legislators, wanting to impeach President Abdurrahman Wahid over two corruption scandals, yesterday called for an investigation into new allegations of financial impropriety during an overseas tour this month. The fresh accusations against Mr Abdurrahman's administration come at a vulnerable time
      AP  -  287 words
    • 494 13 MANILA Pension fond drafts plan in bid to revamp the financial sector AFP THE Philippines wants to set up an agency to absorb bad bank loans as part of an effort to restructure the country's financial system to spur economic growth, officials said
      AFP  -  494 words
  • Page 12 Advertisements
    • 132 12 GAIN NATIONAL RECOGNITION FOR OUTSTANDING RESEARCH DEVELOPMENT The Nat ona Science and Technology Board invites MBEtm nominations for individual research scientists/engineers and teams (maximum 4 persons) T who have made outstanding Hfejt mm contribution to research. This is awarded for outstanding contribution to basic research in the fields of science,
      132 words
    • 82 12 Top of the World Living A mm H ft I gQ flJBj The best views in Singapore cannot be had in Dist 9 or 10. This 37th Floor Penthouse at "Pearlbank" near CBD offers 4200 sq ft of living entertaining space; 5 bedrooms 2 kitchens. Extensively renovated, partially furnished fully
      82 words

  • Page 13 Advertisements
    • 313 13 LEE HWA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 55 Übi Avenue 1, #07-11, Übi 55 Building, Singapore *****5, on 5 April 2001 at 10.30 a.m. for the
      313 words
    • 189 13 You've found a way to succeed. Now learn to find another. Business Jota as m Asia 2001 to IM sotatkms 7 The MfcMpn Bmtoess School m h«» 75 years of history delivering effective sototioos to too bosiaess execattves Singapore Corporate Financial Management 23 27,2001 Management of Managers 7 2001 Effective
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    • 95 13 Yafriro I 'elebrer Le Temps It's Time... I to care I About whats truly Original. Ctffl sfjllff/ I ORIGINAL The Fullerton Hotel ll+r J' ti I I ti 2gjjH IsJh The SENATOR irr Perpetual .j« C d.lf Panorama Date olffEtf I eg MtMlt \M>a *mjK>: I Yafriro INThRNATIONAI PTL LTD
      95 words

  • EAST asia
    • 659 14  -  Number sew completed flats plunge 27%, with 30% nnseld at end of year Frorri Audrey Tan in Hongkong HONGKONG residential property prices fell another 13 per cent last year, even as developers slowed down their building projects to avoid adding to
      659 words
    • 555 14 HONGKONG Unions worry other financial services firms will follow suit Reuters PLANS by banking giant HSBC Holdings pic to shift more jobs to China from Hongkong will likely spark a similar exodus by other financial services firms looking to escape the territory's high
      Reuters  -  555 words
  • Page 14 Advertisements
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      95 words

  • SOUTH asia
    • 675 15 NEWDELHI BJP chief quits as opposition calls for Cabinet resignation over graft reports Bloomberg, AP A BRIBERY scandal that has ensnared lawmakers from the ruling coalition threatens to derail sales of state-owned assets and other economic reforms, even as the opposition called on the
      Bloomberg,; AP  -  675 words
    • 213 15 BOMBAY Reuters INDIA'S central bank on Tuesday directed Madhavpura Mercantile Cooperative Bank to stop operations amid reports that the bank is suffering liquidity problems caused by losses on the stock market. "We have placed the bank under direction from Tuesday. We have
      Reuters  -  213 words
    • 158 15 NEWDELHI Reuters FOUR senior Indian Defence Ministry officials and army officers were suspended yesterday following the release of a website's documentary which implicated them in an alleged arms bribery web, the ministry said. "After a preliminary inquiry they have been suspended following the disclosures made by
      Reuters  -  158 words
    • 553 15 BOMBAY They say brokers have lost right to head the BSE and also to regulate themselves AFP INDIA'S stock markets need a radical clean-up to restore investor confidence that has been hit by a spate of resignations and sackings over allegations of insider trading and
      AFP  -  553 words
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  • Page 16 Advertisements
    • 96 16 Today, it appeals to a new breed of surfers. I m The New Beetle. i Times change, technology changes and even attitudes change. ut l^e way we feel remains the same. To ride the wave of your emotions, take to the roads in the New Beetle. It's time HMMR Available
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    • 28 16 IttTwl Lianhe Zaobao I what brokers I I mergers and I I acquisitions I I stockbroking I I I 8 l fm |A I ~Wtn*'ntsttstm# I I, yfeawiSitt
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  • e-NEWS
    • 591 16  - Use throw —your cellphone Start-up Telespree is launching a 'chat 'n chuck' phone thaf s cheap, easy and accessible enough for school children, older people and low income earners to join the cell phone revolution. ANDREW QUIWI reports ANDREW QUINN Reuters TALK may be cheap, but cell phone service can
      Reuters  -  591 words
    • 164 16 Bloomberg [GENEVA] STMicroelectronics, Europe's biggest semiconductor maker, said first-quarter sales and profit will miss the firm's estimates as slower economic growth hurts chip demand. Earnings will fall short of the 45 US cents a share STMicro had predicted, and will be in line
      Bloomberg  -  164 words
    • 291 16 CHICAGO Reuters VOICESTREAM Wireless Corp said on Tuesday its shareholders approved the proposed U5523.9 billion (Ss42 billion) acquisition by Deutsche Telekom, bringing the German telecoms giant one step closer to gaining a presence in the United States. Voice Stream, the No 6 US mobile
      Reuters  -  291 words
    • 299 17 AP [SINGAPORE] Publicity over a spate of lawsuits against US-based music website Napster has caused Internet surfers in Singapore, Australia and New Zealand to flock to the site, a market research firm said yesterday. As Napster struggles to obey court orders to protect copyrighted
      AP; REUTERS  -  299 words
    • 460 17 CHICAGO This raises cuts this year in cellphone unit to 12,000 jobs Reuters. AFP MOTOROLA Inc, the world's No 2 mobile phone maker, said on Tuesday it will cut another 7,000 jobs as it struggles to strengthen its cellphone unit amid an
      Reuters.; AFP  -  460 words
    • 603 17  -  TECHNOLOGY kenneth james AFTER the bloodletting in global bourses, sparked by Nasdaq's free fall on Tuesday, will Alan Greenspan rescue the markets again? The US Federal Reserve meets next Tuesday and market players anxiously hope that its influential chairman will announce a sharp cut in
      603 words

  • Page 17 Advertisements
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      286 words

  • WORLD news
    • 426 18 WASHINGTON Stockpilesgoup 0.4% to USsl.22st after a flat Dec Reuters, Bloomberg STOCKPILES on companyshelves rose faster than expected in January, the US government said yesterday in a report suggesting firms were trying to adjust to slowing demand in the economy.
      Reuters,; Bloomberg  -  426 words
    • 314 18 TOKYO AFP JAPAN wiU likely complete talks on an unprecedented free trade agreement with Singapore ahead of schedule in the summer, the head of the Japan External Trade Organisation (Jetro) said yesterday. Talks on what would be Japan's first ever free trade
      AFP  -  314 words
    • 630 18 EXETER, New Hampshire Industrial products group acquired 4 firms worth USs4b in last 4 months Bloomberg, NYT INDUSTRIAL products conglomerate Tyco International Ltd has agreed to buy commercial lender CIT Group Inc for US$B.47 bUlion (5514.9 billion). With this deal it is betting it can
      Bloomberg,; NYT  -  630 words
    • 394 18 Reuters [LONDON] British unemployment tumbled through the symbolic one million mark for the first time in over a quarter of a century, handing Prime Minister Tony Blair a powerful preelection boost. National Statistics yesterday said the number of people claiming jobless benefit fell 10,600
      Reuters; AP  -  394 words
    • 557 18 LEXINGTON, Massachusetts Move comes after company privately briefed analysts on lst-qtr ontlook Bloomberg DEFENCE contractor Raytheon Co is being investigated by the Securities and Exchange Commission for possible violation of disclosure rules after the company privately briefed analysts on its first-quarter outlook,
      Bloomberg  -  557 words
    • 181 18 TOKYO Bloomberg JAPANESE regulators ordered Canadian Imperial Bank of Commerce to close the financial products department of its Tokyo brokerage for five days, the second foreign broker penalised this year for breaking laws. CIBC World Markets was told to shut down the eightmember department from
      Bloomberg  -  181 words
    • 474 19 WASHINGTON They say slowdowns in US, Japan would feed on each other NYT PRESIDENT Bush's economic advisers, in meetings at the Treasury, the Federal Reserve and the White House, are grappling with the implications of Japan's recent political and economic distress, fearing it
      NYT  -  474 words
    • 522 19 TOKYO Leaders aim to take policy steps before the Jnne local elections Reuters JAPAN'S embattled leadership yesterday sounded a note of urgency over the sliding economy and share market, calling for rapid implementation of steps to prop up stocks and avert a
      Reuters; AP  -  522 words
    • 316 19 TOKYO Reuters A LEADING supporter of higher interest rates on the policy board of Japan's central bank is expected to be dropped when her term ends this month. She is expected to be replaced by Miyako Suda, who teaches at
      Reuters  -  316 words
    • 371 29 WASHINGTON He has decided not to begin regulating power plant emissions LATWP Reuters ABANDONING a campaign pledge. President Bush has decided not to begin regulating carbon dioxide emissions from power plants, saying that he is concerned the action could increase already heightened energy prices.
      LATWP; Reuters  -  371 words
    • 70 29 I SYDNEY) Tom Jamieson is assisted into the water by liondi Surf School instructor Marty Williams at Sydney s liondi Beach during a surfing lesson late yesterday afternoon. Ten-year-old Jamieson u as with a group of school mates and is among an estimated 200, 0()0 people
      AP  -  70 words
    • 351 29 Reuters lI.OXDON i'rivately held wealth by the richest 20 per > ent of Britain's population is expected to increase by 50 per cent by 2UO"> according to a study. it tin's emerging mass affluent class 55i29.000) in liquid assets is also aby a third to
      Reuters  -  351 words
  • Page 18 Advertisements
    • 223 18 SPECIAL FEATURE 27 MARCH 2001 Make waves in a knowledge-based if Singapore's position as a major maritime hub has never been more important, especially i j now that the Trade Development Board I to step up efficient trade system, business environment. Training, education and skills upgrading will be key to
      223 words

  • Page 19 Advertisements
    • 1874 19 NOTICES T° advertise call toll-free 1800-741 1883 Fax No: 741 1298 I IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF WEUCARE REALTY PTE LTD (In Members Voluntary liquidation) At on Extraordinary General Meeting of tHe Member* of WEUCARE REALTY PTE LTD duly convened ond
      1,874 words

  • Page 20 Advertisements
    • 1190 20 0 DBS GROUP HOLDINGS LTD DBS GROUP HOLDINGS LTD AND ITS SUBSIDIARY COMPANIES (Incorporated in the Republic of Singapore) AUDITED CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31 CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER 31 In SS'OOO Note 2000 1999 k. SS 000 2000 1999
      1,190 words

  • Page 21 Advertisements
    • 2296 21 Q DBS GROUP HOLONGS LTD DBS GROUP HOLDINGS LTD HOLDING COMPANY AUWTiD PROFIT AND lOSS ACCOUNT FOR THE Y£AR ENDED DECEMBER 31 AUDITED BALANCE SHEET AS AT DECEMBER 31 s ,ooo 2000 INCOME 321 3,697.153 V9A.766 Dividends 2 CURRENT ASSET 30 Interest income from a related party Other assets TOTAL
      2,296 words

  • Page 22 Advertisements
    • 2381 22 QDBSGROUP HOLDINGS LTD I SAS 17 requires disclosure of ihe occounting policy for employee benefits and recognition of equity compensate plans in the financial (a) The number of directors of DBSH, .nduding those appointed and resigned/retired dunng the year, ,n each of the remuneration I statements These have been incorporated
      2,381 words

  • Page 23 Advertisements
    • 3025 23 Q DBS GROUP HOLDINGS LTD 15.4 DBSH PERFORMANCE SHARE PLAN 18. MINORITY INTERESTS rNnc [l^ The DBSH Performance Share Plan ("the PSP") is a stock-based plan where DBSH ordinary shares are given free to eligible At December 31, 2000, the minority interest of the DBSH Group was as follows employees
      3,025 words

  • Page 24 Advertisements
    • 2407 24 Q DBS GROUP HOLONGS LTD 20.4 The HK$lOO million Negotiable Fixed Rate Certificates of Deposit were issued on May 6, 1998 and redeemed on May 12, DBSH Group 2000 Interest was payable quarterly at a fixed rate of 8.60%. j n $$'000 2000 1999 20.5 The HK$45O million Negotiable Floating
      2,407 words

  • Page 25 Advertisements
    • 2489 25 ODBSGROUP HOLDMGS LTD I 30 INVESTMENT SECURITIES COUNTRY OF NTBIESTHBDBY COST OF fsJVESTMENT DASH Group PWNOPAL DBSH'S HELD BY DBSH'S ln ce-nno 2000 1999 SUBSIDIARY COMPANES BUSINESS ACTTVmES DBS BANK SUBSIDIARIES SUBSOiARES 2000 1999 2000 1999 2000 1999 Quoted equity shares 32,881 666,792 Unquoted equity shares 316,673 330,726 DBS Kwong
      2,489 words

  • Page 26 Advertisements
    • 2375 26 Q DBS GROUP HOLDNGS LTD 33 ASSOCIATES AND JOINT VENTURE COMPANIES Equipment, .p. i r ii leasehold Freehold Total furniture and 331 The investments ,n assoc.ated compon.es at December 31 ore as follows SS'OOO properties properties properties other assets Total DBSH Group In SS'OOO 2 °oo 1999 Cost i nTi
      2,375 words

  • Page 27 Advertisements
    • 1968 27 O DBS GROUP HOLDINGS LTD 1999 Details of DBSH Group's NPLs and provisions as at December 31,1999 were as follows I T. In SS'million Regional Countries Singapore Other Total Non-Trad,ng Trod,ng Countries 3 w j DTDB Others Yeor-end Year-end In SS'OOO Underlying Underlying Positive Fair Negative Fair 1999 Principol Principal
      1,968 words

  • Page 28 Advertisements
    • 1512 28 ©DBS GROUP HOLDINGS LTD DBSHGtoud 43 NET CURRENT ASSETS AND LIABILITIES Set out below is the net current assets and liabilities of DBSH Group This disclosure has been included to comply with Ninth Schedule of Treasury DBS the Compon.es Act Consumer Investment and Central Thai Danu Grand DBSH Group In
      1,512 words

  • Page 29 Advertisements
    • 1147 29 Q DBS GROUP HOLDMGS LTD SHARE CAPnAL 4.4 REVENUE RESERVE DBS Bank DBS Bank In SS'OOO 2000 1999 In SS'OOO 2000 1999 Authorised Balance at January 1 '~664,038 1,900,749 2,000,000,000 ordinary shares of Ssl each 2,000,000 2,000,000 Net profit attributable to members 1,578,863 944,231 600,000,000 non-redeemable convertible preference shares of
      1,147 words

  • FINANCE & commodities
    • 253 30  -  SGX Derivatives Trading Report ST Indn/MSCX ffpcre Index Wong Ann Chuen Refco Singapore THE Singapore stock market fell to a 23-month low, as market sentiment remained negative. The benchmark Straits Times Index lost 5.79 points or 0.32 per cent to close at 1792.18 points with 12
      253 words
    • 230 30  -  MSCI Taiwan Indaz Joseph Lim Refco Singapore TAIWAN'S stock market settled higher yesterday as Nasdaq's 4.75 per cent rally overnight fuelled buying in local electronics stocks. At the close, the MSCI Taiwan Stock Index gained 2.17 points, or 0.85 per cent to finish at 257.18 points.
      230 words
    • 226 30 London Reuters THE euro rose, rebounding more than one per cent from three-week lows against the dollar as losses in US stock futures pointed to a weaker opening on Wall Street and revived concern about US consumer confidence. In a week in which equity markets and corporate news
      Reuters  -  226 words
    • Article, Illustration
      1273 30 DITBEBAMK CEOSS EATBS f(ir n AS C$ N> Bw Ffr Dm H$ Mid Is to»tak Yen Wow tM H2S hk Ks Nm S$ Sir KT$ 8aM Nil US$ Australia 0.773 4.156 0.551 3.6M 1078 3.906 Z3.375 50.M0 0.600 6.399 L903 1.199 30.206 24.156 0.881 3.928 0.848 ***** ***** 0347 0301
      1,273 words
    • 1825 30 SIOOM FUTUKBS Mar 14 RUBBER (futures closing «s «t 5.30pm) RSS1 CONTRACTS centsAq) ClOM Volume OpM Month High Law Sdt (towns) Interest Apr 01 102.25 800 May 01 ***** 800 JunOI 105.25 800 Jut/Sep 01 106.25 750 RSS 3 CONTRACT (US cmts/lq) Volume OpM Month Hifh Low Sett (tonnes) Interest
      1,825 words
  • Page 30 Advertisements

  • STOCKS east asia
    • 2888 31 HONGKONG AFP Q Hang Seng -162J9 HONGKONG share prices closed 1.2 per cent lower yesterday on continuing concerns over the global economic outlock and US interest rate uncertainty, dealers said. The key Hang Seng Index lost 162.19 points to close at 13,330.84
      AFP  -  2,888 words
    • 2111 31 TOKYO AFP Q Nikkei 22S ♦21» SHARE prices in Tokyo crawled off a 16year low yesterday as investors hunted bargains after a recovery on Wall Street, traders said. The Tokyo Stock Exchange's Nikkei--225 average rose 23.89 points, or 0.2 per cent, to close at
      AFP  -  2,111 words
    • Article, Illustration
      1087 31 AFP Shenzhen Binder +12.71 SHANGHAI B-shares closed 2.6 per cent higher yesterday in a technical rebound with shares seeing gains almost across the board, dealers said. The Shanghai Stock Exchange's BShare Index added 3.42 points to 135.44. Turnover contracted to 2.04 billion yuan from 3.85 billion yuan in the
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,087 words
    • 379 31 AFP HWP Index *47-81 TAIWAN share prices closed 0.9 per cent higher yesterday on buying of technology stocks following the Nasdaq's rebound overnight, dealers said. The Taiwan Stock Exchange Weighted Price Index gained 47.81 points to 5,658.21, on turnover of NT5104.78 billion. Risers outpaced decliners 335 to 150, with
      AFP  -  379 words
  • Page 31 Advertisements

  • STOCKS klse
    • 427 32 AFP n Composite Index -0-30 MALAYSIAN shares closed marginally lower yesterday as sentiment remained undermined by lingering concerns over the global economy, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended down 0.30 of a point at 682.33. The Second Board Index
      AFP  -  427 words
    • 9138 32 INDUSTRIALS Comwr products 2001 List Wot Day Net Cap High Low Company Solo *000 High m 340 300 A|inomoto 310 unch 3 310 310 9.3 125.6 45 30 Angkasa 31 "1 3 31 31 45.7 342 286 Apollo Food Hlg 314 unci* 1 314 314 6.8 125-6 i1AO a u
      9,138 words
  • Page 32 Advertisements

  • SGX clob & regional stocks
    • 2542 33 BONDS A WARRANTS m°*U m frih rnml 1*1 Last MB* Utlliiti »1 mm* Um (Mr Mk MM LOT Ml XT- rwm Lm Mca M>IM» (*J U« 40 0.5 S Acma ******4 0.5 <»-0 J *0 472 105.00 4 23 2.5 s AIITech ******7 3 J *1 n 2 25 M
      2,542 words
    • 310 33 AFP Composite Index *15J1 SOUTH Korean shares rose 2.9 per cent or 15.31 points at 543.28 yesterday. Volume was 412 million shares worth 1.8 trillion won. —AFP ■rM *r An»m Sum 40S0 370 Brain Toch 605 20 Contralto* *70 ChoflComm *****0 >000 Da* Gu Bank 139S 25 DMung Corp
      AFP  -  310 words
    • 288 33 Composite Index -2.61 PHILIPPINE shares closed 0.2 per cent lower yesterday with the Philippine Stock Exchange Composite Index down 2.61 points to 1,523.79. Turnover fell to 347.64 million shares worth 265.97 million pesos from 805.65 million shares worth 345.39 million pesos on Tuesday. Uar >4 Pesa COOO) Abacus Construction
      288 words
    • 269 33 AFP HIBSE-40 +aOJt NEW Zealand's share market jumped 1.5 per cent yesterday after a rate cut. The NZSE-40 Index rose 30.96 points to 2,075.58 on turnover of NZ599.4 million. The central bank said it would cut the overnight cash rate by 25 basis points to 6.25 per cent.— AFP
      AFP  -  269 words
    • 550 33 AFP ClAllOriiDtfieß -0.4 AUSTRALIAN shares closed virtually unchanged yesterday as investors refused to leave the sidelines after the market's plunge a day earlier, brokers said. The All Ordinaries Index closed 0.4 of a point lower at 3,211.0 while the SP/ASX2OO lost 0.8 of a point at 3,263.9 The All
      AFP  -  550 words
    • Article, Illustration
      748 33 AFP P SET Index -183 THAI share prices fell 0.9 per cent yesterday as profit-tak-ing reversed gains made early in the session on the back of Wall Street's overnight rebound, dealers said. The Stock Exchange of Thailand (SET) Composite Index fell 2.83 points to 299.93 while the SET-50 index
      AFP  -  748 words
    • Article, Illustration
      744 33 AFP Fl Composite Index +128 INDONESIAN share prices closed 0.8 per cent higher yesterday in line with most regional markets, but off their highs due to concerns over continuing political uncertainty, dealers said. The Jakarta Stock Exchange Composite Index closed up 3.28 points at 389.19, off an intra-day high
      AFP  -  744 words
  • Page 33 Advertisements

  • 7779 34 SGZ MAINBOARD Transaction date: Mar 14 Cr Cr M Wt I U«J Day Last Quote Dtv D4v YM Net Cap Avg H» t.. i„ (OOO) u» ««>- Cw WI »•««<. MULTI-INDUSTRY u! 153 49.5 C AcmaSOc MS 88 5 15 J* I3J 14 41 12 C A<lionc» Ttch
    7,779 words
  • Page 34 Advertisements

  • Page 35 Advertisements
    • 394 35 Where to wine, dine and entertain.^«<►>Mß"®*" For lunch, you can enjoy our ever popular Japanese culinary flavour while for dinner, you can tuck in to a sumptuous selection of Japanese, Asian and Western dishes, from sashimi to shark's fin soup I to drunken chicken to even roast beef sirloin. Lunch:
      394 words
    • 34 35 I SHANTOU CUISINE AT PINE COURT 22 February to 18 March 2001 Reservations: 831 6262/66 EH CHINES* HH resTAiiAM Tlr' ■MwiirwUlSywr j 3ffifi 333 Orchard Road Smppore 23M67 W: 737 4411 fax: 732 2361
      34 words
  • Page 35 Miscellaneous
    • 972 35 I lIC OUOII ICoO I IMIUO, i KIUIVII w, »-ww r nt _i 10.00 The Practice (See Our Amuml NiviAala 1030 S'pore Business To™~w Choice). 6.00 AM Headlines. night/Tech News. ••00 AM Kids Central: iloo Family Law. 632 Quick Chat/Knowing 11-00 Asia Tonight. Blues Clues. 12.00 MN SUk Stalkings. Asia.
      972 words
    • 297 35 CRYPTIC CROSSWORD ACROSS 4 Adjust the arrangement of 14 1 Perfect fathead, not at all welt- (10) behaved (8) 6 Elevated superior receiving 5 The learned fellow's German approbation (8) and in a hole (6) 7 Deposit possibly a hundred 9 The finest entertainment? and that can be really hard!
      297 words

  • New Asia Biz Woman
    • 582 36 Suit filed, alleging bias in hiring, pay and promotions NYT FIVE women filed a lawsuit in the US on Tuesday against Met Life, one of the nation's biggest insurers, accusing the company of sex discrimination in hiring, promotions, pay and job assignments in
      NYT  -  582 words
    • 563 36  -  The Endometriosis Association is trying to raise awareness of a painful condition in women that often goes undiagnosed, reports CAROL YH SUSMAM CAROLYN SUSMAN NYT REMEMBER those posters and ads a few years back showing guys with pregnant bellies? The object was to
      NYT; FILE PHOTO  -  563 words
  • Page 36 Advertisements
    • 101 36 wjimj!!.il r%> RI I All 01 1I R Sl/1/ VIA ATM: 5520,000,000 On ;i l'irst-Comc-Firsl Served hiisis IM\ ISIMI N1 SI/1:: SS 10,000 or in multiples OPINING: SO ;i.m. I ridnv 16 Miiivh 2001 of SS 10,000 LOSING: 12 noon Wednesckiv 21 M;itvh 7001 IN 11 RI SI 2.1 f
      101 words

  • Page 37 Advertisements
    • 848 37 On the industrial front iv and within Tuas Sfafi/s of sites outside Tuas... EEH I5jTff?IM liflffSHi Fuly compteted, OMBf 90% sold Futy compteted sotd Neeriyhalf of plot developed and sotd E353DGQ31 Vm*iVM Woric has not begun, zero safa6 'If Close to compteton; balanoe plot with about Futy completed, just over
      848 words

  • EXECUTIVE Suite
    • PROPERTY
      • 1351 38  -  Despite MTl's decision to review land sales, it will still take a while for the excess supply in the area to be absorbed, writes kalpama rashiwau KALPANA RASHIWALA THERE are about 150 football fields of undeveloped and unsold potential gross floor area of industrial
        1,351 words
      • 856 38  -  COMMENTARY y— «r«alHnglanrt far h«tol« am n«aHad T MA It IRS A CHEW MARISSA CHEW WITH the cost of land so high in Singapore, and room rates low compared to cities such as Hongkong, it is perhaps time that the government consider new
        FILE PHOTO  -  856 words
      • 566 38 COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6-10 YEAR 11-35 ABN-AMRO Bank (max of 30 yrs) 3.2500 4.0000 4.7500 4.7500 4.7500 4.7500 4.7500 DBS Completed properties 2.7500 3.9000 5.0000 5.0000 5.0000 5.7500 5.7500 Properties under construction 2.7500 3.9000 5.0000 5.0000 5.0000 5.7500 5.7500 Hong Leong
        566 words
      • 487 39  -  Priced at about $475 psf, the Sengkang development is already about 86% sold, amdrba tax reports ANDREA TAN EVEN Jeffrey Heng is surprised by the strong take-up at Compass Heights, Centrepoint Properties Ltd's (CPL) 99-year leasehold development at Sengkang. TTie chief executive of CPL puts
        PICTURES BY RICHARD CHNG  -  487 words
      • 563 39 DEVELOPER/ OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE (sq II) LAUNCHED UNITS SOLD ptf) Queens Allgreen Prop 3 Stirling Rd 914-2,723 536 289 760 99-yr River Place FEO 3 HavelockRd 678-3,229 509 422 950 99-yr Caribbean at Keppel Bay Keppel Land 4 Keppel
        563 words
      • 1530 42  -  While expatriates, who make up the bulk of tenants, are continuing to arrive, the oversupply of residential units will put a cap on rents, adeume womg assesses the situation ADELINE WONG Property Review FINDING tenants and demanding high rents were easy five years ago.
        Property Review; FILE PHOTO; FILE PHOTOS  -  1,530 words
      • 583 42 A realistic rent and some freebies could help landlords find tenants Property Review WITH current rental rates being so competitive, the only vacant units belong to landlords who refuse to lower their rates or refurbish their units. Unfortunately, an unoccupied unit means a loss in rental
        Property Review  -  583 words
      • 567 44  -  Foreign buyers and permanent residents accounted for just 9.5% of the private residential caveats lodged last year, makissa chew reports MARISSA CHEW FOREIGN buyers have followed their Singaporean counterparts in cutting back their home purchases, but foreigners still accounted for about 10 per cent of demand
        Source: SISV ReaLink, DTZ Research  -  567 words
    • BY DESIGN
      • 849 40  -  Looking for custom-made furniture or unusual items to furnish the home? tunBBBL om meets a designer who sources objects from around the region RACHEL ONG Along joo chiat Road, in a row of refurbished shophouses that are reminiscent of times past, stands Purple Sash. The name
        PHOTOS BY ARTHUR LEE  -  849 words
      • 805 41  -  coLDf lee offers some tips on how to turn the functional space into a sanctuary in the home COLIN LEE Colin Lee is a freelance writer LOOMY, functional water closets are becomM ing a thing of the past. Today, thanks to U modern plumbing and the
        FILE PHOTOS  -  805 words
    • HOUSE HUNT

  • Page 39 Advertisements
    • 14 39 Answer to a commuter's prayer, Pg 7 CAXS^ Buy It. Sell It. Find It.
      14 words
    • 43 39 FOR SALE BY TENDER Near Still RdrtEast Coast Rd Very convenient location, Land Area: 33,150 Sq Ft near reputable Pri/Sec Sch, Zoning: Residential Parkway Parade, F&B Outlets Plot Ratio: 1.4 oe Suitable for 5-storey TENDER CLOSING. Residential Development 27 MAW 01 (TUE). 12PWW
      43 words
    • 65 39 WAREHOUSE FOR SALE 7 Tal Seng Drive Description :A 6 storey warehouse building with spacious showroom and office. Efficient layout with high ceiling and heavy floor loading capacity. Ideal for data centre/ corporate headquarters. Land Area Approx 8,969 sqm 96,542 sq ft Gross Fir Area: Approx. 20,333 sqm/218,866 sq ft
      65 words
    • 280 39 r ®sr Singapore's most desired address Site Area: 115,000 sq ft approx. tf~VM Highly exclusive locality u^.«/^>\ ,SRU M Quiet and serene environment \j //«-jp« Just 3 minutes from Orchard Road I Potential for 7 units of Good Class Bungalows Rarely available development opportunity FOR SALE BY TENDER i_ 1_—
      280 words

  • Page 40 Advertisements
    • 30 40 what to •at > irlak > fcuy > watch > hear > plu« lata fg thursday-sunday march 15 18 2001 get hot this weekend > angry women > printed folly > bubble tea > traffic film review > movie travelling
      30 words

  • Page 41 Advertisements
    • 180 41 proj ecteyeball. Eyeball picks EMM the Oscar Hi Movie-watching iWrcifi winners s~~" ViV predicting who'll lilt I walk off with the Httle a serious I over plates char teow, |g fl dowh wtthvodtli "Mm.. W I cranberrys, Eyeball's SL*JLLi'J Li l j j'M m M drunk-on-fllms crew Ml 7 1IU"I
      180 words


  • Page 43 Advertisements
    • 7 43 ISjf? W%mm /r»y iilOCtMiM I (ATS I
      7 words
    • 57 43 NEW WAREHOUSE IN JURONG FOR LEASE A 5-storey complex with mezzanine office Large areas of 17,500 to 142,000 sq ft High ceiling of 7 9m, floor loading of 20 25kN/m Available by April/May 2001 Sole Marketing Agent Industrial Department: 224 8181/326 1232 PROPERTIES The Straits Times Classified. Classifications 402 568.
      57 words
    • 80 43 Freehold Site For Sale U ff lllf l^ a TjO 1) 15-81 Elliot Road (Palmßeach Garden) i si UI2) 16 Palm Road Li i S 1)10,107 8 sq.m. (108 799 sq.ft.) aim «ng |2) ***** sq.m. (***** sq.ft.) «MT 1 Freehold. Residential. 1.4 plot ratio J, j assr*" ___B^SSSSSLSfiSSEESL—I Conveniently
      80 words
    • 62 43 For Sale By Tender 35 Ford Avenue ♦Prime Freehold 2V2 storey Detached House *Good Class Bungalow Area *Land Area: 19,585 sqft Built-in Area: 8,181 sqft •Opposite Holland Village Minutes to Orchard Road. Tender closing date: 20 March 2001 at 3 pm. For further info and collection of tender documents, please
      62 words

  • Page 44 Advertisements
    • 337 44 With the DBS Home Loan Advantage you get much more than just a better rate. You I Illustration for My Way get help to make your dream home a reality. Like My Way, where you can choose a choose your preferred m omhi>'instalments'and own y our monthly instalment plan that
      337 words

  • SHIPPING TIMES
    • 132 45 Reuters THE Baltic Dry Index fell three points to 1,493, the Baltic Panamax Index was unchanged at 1,626, the Baltic Handymax Index firmed 27 points to 9,459 and the Baltic Capesize Index was down 12 points to 1,801. TIME-CHARTERi ♦Gerard LD: (built 1994) 165,239 dwt 13L/14.58 on 50
      Reuters  -  132 words
    • 295 45 SSX W MrM »*/-<* CWT Distribution 0.49 0.01 11 Chuan Hup 034 -0.01 140 Cosco Investment—0.18 unch 45 Freight Links 0.09 uncfi 104 CB Holdings 0.45 -002 17 IMC Holdings-HK —5.60 unch 0 Jaya Holdings 0.15 unci) 0 Keppel Corp 3-32 002 448 Keppel FELS 0.99 0.01 114
      295 words
    • 513 45 Meeting also covers regional cooperation besides evaluating effectiveness [SINGAPORE] With piracy and acts of maritime violence in the region rising to alarming levels, a high-powered International Maritime Organisation (IMO) delegation is meeting with Asian government officials here today to evaluate anti-piracy
      513 words
    • 209 45  -  From David Hughes in London UK-BASED mutual P&I insurer the London Club has warned its members of possible confusion arising out of differing methods of measuring sea and swell conditions in charter party performance clauses. In the latest issue of its Stop Loss bulletin, the
      209 words
    • 302 45  -  Online chartering company gets additional 8 backers after acquisition From David Hughes in London ONE of the few remaining big fish of the maritime e-char-tering world, Level Seas, has bought out Houston-based rival Sea Logistics. The latter's investors which include Bergesen, World-Wide Shipping, OMI and Leif
      302 words
    • PSA corp
      • 1159 46 Since turning transhipment into a business model in the '80s, PSA has continued to expand and improve its range of services towards its goal of being the most cost-effective port [SINGAPORE] PSA Corp helped to pioneer the idea that the transhipment of container boxes can
        1,159 words
    • 184 46 PAGE Appenship 5 Assets 5 Austral 6 Balaji Shpg S BSA 7 B'tanq Mas 6 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 Central Ex 6 Cho Yang 5 China Shpg 5 i Cougar 7 tt CWT CloPelink 7 Delmas 4 0»ak Lloyd 6 Oongnama 3 Eastrans
      184 words
    • 12851 52 THEBUSINESSTIMES Page8 EXPORT THURSDAY, MARCH 15, 2001 ETA ETA Advertise Vesse» Voyage Telephone I SIN Dest'n Name Name Numfcer Number To ABIDJAN (ABJ) 2003 Cote D'lvoire < 22/03 28/04 COSCO FEI HE 0077*1 65-*****00 27/03 29/04 Deimas VILLE D'AQUARIUS U42W 65-*****44 28/03 12/05 COSCO EMPRESS DRAGON ****** 65-*****00
      12,851 words
    • SHIPS IN PORT
      • 659 54 Vessel VoyNo Berth Arrival Departure Sam ivory *jT7 14/03/6:55 6/03/7:00 Kmtransaqua S«OW1 J16 M/03/8J5 M/03/6X10 C Success 14/03 JW 14/03/7:35 M/03/16XX) Bt Sur Sakti ***** J01 14/03/8:20 M/03/I7XX1 8t Satria ***** JOI M/03/8X6 M/OV20XX) Tropical 28 04A01 J03 14/03/8.40 M/03/17X» Winstar 2 031S01 J03 M/03/830 14/03/21:00 BaysaatertlS M1068
        659 words
      • 1963 54 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO BoofciflQ/Baianct Bstls Ship Voy No Etb/Btr Pwkx) From To From ict garwt m BAtoo oraoo iv»w o/boo 2A o/itoo 14/0*5* m/o*oo ?l 13/1700 14/0*5* >4/0*00 3 *4/0700 H/IB* H/V400 4 H/HOO H/M5* 14/1700 AUUUATAT 0734 B/B*0 O/BOO O/IJM O/BOO 2A
        1,963 words
      • 203 54 ■tar 17 Ireland: St. Patrick Day. United Kingdom: St.Patrick's Day. ltar 20 Japan: Vernal Wquinox Day. ltar 21 Mexico: Benito Juarez Day. Mar 2S Brunei: Hyrah. Indonesia: Awal Muharram Malaysia: Awal Muharram. Mar 29 Taiwan: Youth Day. Aprl Australia: Good Friday. Argentina: Good Friday. Apr 12 Argentina: Maundy
        203 words
      • 806 54 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indi cated The Cockett Bunker Price Index change and the
        806 words
      • 455 54 WO M« 985.4 OA 13.8 0.06 27 0.02 TT Ho above E25 0 0 0 0 0 0 M«r8 P»wltT Water Nridwe Art Al—rt— Sediwewt q qj v2.a 0.06 25 0.01 •J2 380 Mu 989.7 0.8 14.7 0.09 52 0.03 WW! %»/V MjH %M/« W Mo
        455 words
    • AIR & LAND transport
      • 488 55 Bloomberg [WASHINGTON] The number of domestic passengers on major US airlines is expected to grow 3.6 per cent annually and reach 927.4 million in 2012, about 50 per cent more than now, a Federal Aviation Administration report said. "We are
        Bloomberg  -  488 words
      • 619 55 White House statement follows president's earlier move to block Northwest strike Reuters [WASHINGTON] US President George W Bush is prepared to act to prevent a strike at any of the major US airlines, the White House said on Tuesday amid controversy over Mr Bush's
        Reuters; AFP  -  619 words
      • 396 55 Three-year scheme seeks to lower costs and maintain profits Bloomberg [TOKYO] Japan Airlines Co (JAL), Asia's biggest airline by sales, said it intends to trim debt and reduce the number of ground-based employees under a new midterm business plan aimed at
        Bloomberg  -  396 words
      • LOG Book
        • Article, Illustration
          51 55 Reuters [SEOUL] Workers from Korean Airlines and Asiana Airlines chanting slogans during a protest at Kimpo International Airport in Seoul yesterday. Hundreds of workers demanded that the government lower a toll on the highway which links Seoul to the new Incheon Aimort. Incheon will open on March 29.
          Reuters  -  51 words
        • 77 55 AFX-Asia [MANILA] The Philippine Airlines Employees Association (Palea) said it will ask the Securities and Exchange Commission to pursue the implementation of an outstanding Supreme Court ruling ordering the airline to pay 2.03 billion pesos (Ss74 million) to correct wage distortions. Palea said it
          AFX-Asia  -  77 words
        • 76 55 AFX Asia [TAIPEI] EVA Airways Corp said the company is due to sign contracts with Airbus Industrie, GE Aircraft Engines, and GE Capital Aviation Services for new aircraft on March 19. EVA will purchase two A 330-200 airplanes from Airbus and lease another six
          AFX Asia  -  76 words
      • 350 55 Reuters [PARIS] Air France has experienced no impact from the slowdown in the US economy, chairman and chief executive officer Jean-Cyril Spinetta said. Airlines went into the last US downturn 10 years ago already operating excessive capacity but this time
        Reuters  -  350 words
      • 399 55 Reuters [WASttINGTON] With proponents claiming age discrimination, the US Congress was pressed on Tuesday to pass legislation that would let commercial pilots continue to fly after age 60. "I think this bill is in the public interest at this time to keep experience
        Reuters  -  399 words
      • 1779 55 CITY FlICM CM FLIGHT CTD UMIM 8*7381 19)0 8*7382 2050 wo am AmstfMfli AM327 0740 6*978 0120 ****** 0740 W.0844 0125 SO327 0740 U.0838 2330 W.0837 1535 S024 2340 Atkaas S0347 0645 SO348 2359 *acklw« ****** 2020 ****** 2045 S0286 2020 S0285 2045 Bahrain 6FI48 0920
        1,779 words
    • LOGISTICS page
      • 623 56  -  DHL is planning three more gateways in China to meet its goal of 37 service centres in 50 Chinese cities by end of next year By. P T Bangsberg Wr ITH DHL Worldwide Express planning to open three additional gateways in China, the battle for
        FILE PHOTO  -  623 words
      • 336 56  -  From Alec Almazan in Manila THE former US naval base of Subic Bay is undergoing a major facelift involving the improvement of existing infrastructure and the construction of new facilities. About 810 million pesos (5529.6 million) worth of infrastructure projects are in full swing
        336 words
      • 194 56 [SINGAPORE] Vanguard Logistics Services, the US-based neutral warehousing and logistics operator, has opened a Singapore office to handle cargo on behalf of non-vessel operating common carriers (NVOCCs). The carriers Vanguard will handle include Brennan International Transport, Conterm Consolidated Services and Direct Container Line (DCL) and their
        194 words
  • Page 45 Advertisements
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      213 words

  • Page 46 Advertisements
    • 162 46 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com SANKYU (S) PTE LTD ?£&£2S> 13 W 11 CLEMENTI LOOP, SINGAPORE
      162 words
    • 605 46 OLDENDORFF INnOT R A N S HEAVY-UFT SPECIALIST TO US I GULF Turn To Pg 7 Fuwd-Oay KhtfaU to JfN, TWN, HKG, PHI lAcopftng FCU to Combodw/C*bu/S«n<fai/Mof /Hlct/H»o«l>iwio/S«w/1w) owouNP Ivor 1 jktl wcl [hw I »*l weal wuliw. [hko| oi.[khh|o>a[ ttp Itokl ikk[ wglwoo kaa Hfiniin mvnr 0120 1103 1103
      605 words
    • 182 46 Li l s services represented by gj£9ka Members of the Registry of Accredited Shipping Agents, Singapore Logistics X»wy Singapore Shipping Association Association ULY UNI MALI VESSEL YOY [Tw Tlu Eft P. KLANG STORE MALE Empress Uly VO3Ol 17/03 18/03 25/03 Princess Lily VO3Ol 30/03 31/03 08/04 Empress Lily VO4Ol 15/04
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  • Page 47 Advertisements
    • 1197 47 SAX SERVICE (DIRECT) VESSEL VOY SIN ETA LAX I OAK IMi HOU CM COL MEM Ml NYC Aft SARDONYX 026E 17/01 01/02 05/02 05/02 05/02 05/02 05/02 05/02 04/02 06/02 API TURQUOISE 0401 SToi 087oT~ 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 APUAM 026E 01/02 15/02 19/02 19/02 19/02
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    • 1704 47 TO: COLOMBO 1 EVERY MONDAY I CT/Tl4 DAYS) J GENERAL AGENTS IN SINGAPORE: 10 ROMNSON ID *12-00 SALES/BKGS TIL *****57/43 FAX: 23*5321/71 MALAYSIA OfFKI: PASIR GUDANG TEL 07-*****66 FAX: r ACT AD CHIPPING PTf ITD SINGAPORE *****8 OUTWARD (1/1) *****02 *****25/75 PORT KLANG 03-*****633 03-*****668 row imiMMMiaTEL 226 1900 (MAIN)
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    • 335 47 vssa vqy su» BTCMAtI IO4S IIVO3 2V03 2VtO 31/03 27/03 30/P j$ ivn! 71/U~ TUB HAMAQOB) -I- I OIM |17/03 1 71/03 23/031 gjg &|j (AtUBOtMffS -I 104S 10/03 20/03 03/04 31/03 ypsa VOY S»W M.C M 0 W HO HM J!» i»-»«» AOtUUt -I 0730 Ml 3 2MB 3ftD3
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  • Page 48 Advertisements
    • 1418 48 <SsL SENATOR LINES TOEUROPC TO MKXXI EAST/IAN/RH> SEA vksb vot aw luh «n> u*~ him m nx Ivissa ~wi aw «u m pypnMCtimTni MI7W 1103 10.03 01.04 tIM 03.04 04.04 05.04 FOWAMT 0013* 17.03 24.03 17.03 31.03 01.04 TUHHUM OOOmi 1103 W. 04 10.04 07.M 00.04 10.04 UHOOf 001JW 14.03
      1,418 words
    • 952 48 A« MAC-MELS S'MKE M'SIA Carrier. MM CtMTR LINES, MC p.guoang (o7)*****» I K A J QM MO. 1J*****0000E 8BU: (064) *****9 MAMLA: (632) *****24 W V PENANQ: (04) *****36 BANGKOK; (682) *****67 SURABAYA: (31) *****11 P. KB-AWG: (03)*****77 JKT: (21)*****46 KUCH64G (062)*****1-3 HAIPHONG SURABAYA MV "MEUNH" VO7N MV "SINAR AMBON"
      952 words
    • 531 48 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N.SHEVA (CFS MULUNO. MUMBAJ) COCHW /COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I C D FONTS VMMI S PORE N SHEVA COCHIN COLOMBO P.KLAN6 TULSIOAS V 139 II MAR 27 MAR 30 MAR 02 APR M APR FRONTIER VIO7W 25 MAR 03
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  • Page 49 Advertisements
    • 1555 49 Ivissa VOY I KHH I HKO I SW I PKI DX» I BAS PMM SMC g/tfl pet-19t 13/03 14/03 17/03 IS/03 27/03 28/03 30/03 01/04 MAN KERMAN PCI-199 20/03 21/03 24/03 25/03 01/04 02/04 04/04 06/04 IRAN ISFAHAN PCI-200 27/03 28/03 31/03 01/04 08/04 09/04 11/04 13/04 IRAN HOSMOZGAN PC
      1,555 words
    • 355 49 OCEAN ISLAND RDM/ATW/BMNAJK I TAHARA RDM/ATW/BMNAJK I Loads Singapore. E-/W Malaysia. Inctoneaa J Loading for arete joh/acwdmt BAN ANN DBVABU/DOH/BRN/DMM/KWT SAFEER JDH/AQA/DMT EVDOXIA HOCyjOH/AQA VI HELLAS D6VABU/DOH/BRN/DMM/KWT SUN ACE D6VABU/DOH/BRNfI)MM/KWT CORALI DBI/ABU/DOVBRN/DMM/KWT •Loads Singapore. E7W Malaysia. Indonesia Loadrtg tor I OCEAN GOLD CAAA/NFK/SAV/NOL I ROJAREK NAREE VCW/ROVLAX/MZL I •Loads E-/W.
      355 words
    • 1302 49 Eutopf ixpkiss sarvici EXPORT IMPORT HpESTSEN |oiSW rUffi STBSmii 15 li££ m/m 00/ M I iHw E :i H l H ii S IS IllliiSlff ss s$ ll Hs Js ss2 rSuAi sn oi6w iz/m mm <*m mm: otfos: vim: 1m: fflOTm oox ;hzm :aMr|zM: ufo poumgsbi tww^4/Mt"/os. »/o» '4/osl
      1,302 words

  • Page 50 Advertisements
    • 787 50 w MBXTqWAMMM/MLAOC SIA/RWOW SCTVKSS EXPORT VBSa "VOYAGE SGP GEO [VEN OB BU —W» IMP jIH QURIAHOOB4OIIW IMB 3MB|OIAM CVW OSAH 04AM 04AM QMWjoMH DUKVOOWMN S/03 W>j[<y>4 IQAM 12AM 11AM 13AM iyO4|WM ausonMEaoMQ3w OIAM IHM|ISAM i7/w HAM lEAM aw'attjaM ■TMiaMJim J iatml a/oinAM HW awteAM z7/w>/04 am ammwoow* isAMp/ORWAHQiAis omsibais ovos
      787 words
    • 388 50 [SsswisSS<os>SiPis<«Soo»^ IiXPORT VESSa VOYAGE SGP CM DUR JRA ARU MAN lAH KM NIV J IZHUANGHE 0144W 14/03 27A0 71/03 02/04 j lUMI AAAPIi 0A*****W 11/03 7V03 7IAJ3 21/03 J UMIWIKJT OIM-014W 20/03 24/03 30/03 07/04 j HSHKUSU 0007* 23/03 03/04 05/04 01/04 j lUM ASSENT *****24W 25/03 30/03 04/04 05AM
      388 words
    • 950 50 1 IAWOKOIMW TA WWTiUIII CHABAWO JAKWT*mWiO vKsa IWT IHI 118 iff I io»~ rasa vot m m cm* mum its* 17/03 31/03 -_JML- AS MB jMU ST Hg-iSS-gB-—-SB-g|g jShqi=== v mmulHWr 50» 21/03 24/03 iTiiliTvk mm -i^r-im--m —m jS. -li— i. 1..01 -W 11/ M MAWILA OBtW (010 041 lee
      950 words
    • 486 50 INDONESIA NATIONAL LINE 0 AUSTRALIA 1 m. COffPMNER SERVICE a vor 7TT m i iip m in m m mam in w/w »/w JO/W mm ~m »/03»/w n/S m/i OMMXUH ~m B/MCVW 11/K IS/M 17/— piivwt liT n/mi/w it/x p/*«| FEEDER SERVICE TO INDONESIA vot mmm num mmm rum-nt nun
      486 words

  • Page 51 Advertisements
    • 400 51 «■> MYANMA FIVE STAR UNE r (Myamor National Line) W Loading far Yaagoa vissa voy sin m pw pgu (AGO 11 tW SU> MONGIA 42W 21/03 MALAYSIA AGENTS: IOUSTEAD SMPPMG AGENCIES KUL m 03-*****00 PRL TH 03-317*4101 rat m 04-2****** r&k m 07-*****21/4 BANK LINE (A strvkt of Aadrtw Wtir
      400 words
    • 1039 51 MMAW 1 HYIJNDAIMERCHANT MARIN E vffffl voy TH" sou rim ant han nrv vpsa voy sou m rtm ant ham irv si APIOBONEIA V.OOOW 15/03 02/04 07/04 04/04 05/04 BOIRHNE *5301 23/02 24/02 10/02 20/02 14/03 MAAS VLS42W li/03 o*/04 07/04 01/04 03/04 HY COMMOOOH V33OE 11/02 24/02 21/02 22/02
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    • 877 51 vOOv WALLENIUS WILHELAASEN TO NORTH AND LATIN AMERICA 't*» KHIO HEAVYUFT SBIVKI* Ivtssa VOT tw HtIGHT SW LK' MAO MIA I SAV Ml OtF I NYC NEW MOi~| TAPKXA AH 107 400T«h 6JM 29/03 04/05 07/05 09/05 11/05 12/05 14/05 IS/OS 20/05 TAMPA AH 101 400T«n 6.3 M 09/04 16/05
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  • Page 54 Miscellaneous
    • 119 54 00 ***** 00t llgend- Issued by Meteorological Service Singapore Thunderstorm D Temperature Wind direction and speed in knots Ra,n Weather Cloudy Day C** 3 Hazy Sea Conditions Wind speed symbols I I slight. < 1 2m O Full circle w/o line indicates calm or light and variable winds Moderate, 12m-
      119 words


  • Page 56 Advertisements
    • 207 56 Aviation news, and schedule for aircraft arrivals and departures are on Pgl 1 invoices invoice cwl /wiK I I l_ I mv I HI- tcwEiomM MIHIM7 ArV l**2o Uc««c Currwcy 800 irar, ,l-, fl y*\ V/ V .iaJk Wa T r-r I v _a nv -"•.rr.rz, 1 f W Z201«73aM
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