The Business Times, 27 March 2001

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Total Pages: 46
1 46 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Intemei: hitp://business-times.asial .com.sg/ TUESDAY, MARCH 27, 2001 85C
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  • 76 1 □sn 1.71&19 (+2.88) BT-SBI •7.37 (+2.18) □ST INDEX FUTURES 1,718J0 (-1.00) SMSCI FUTTOES 21&20 (-0.40) STOCK MARKET INDICES Monday Change KLSE COMP dosed NIKKEI 225 *****31 —+647.77 HANG SENG *****.49_+*7.I3 SET INDEX 291W >3.55 JAKARTA COMP —dosed MANILA COMP —1.44&37 +16.80 TAIPEI WH *****2 +96.77 SEOUL COMP 545.98
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  • 79 1 FOBEX BATES uss ss USS (SS per 15$) 1.7» £(USS/SSper£) 1.432 1561 EURO{l'SS/S$/E) 0.894 1699 DM 2.188 1223 YEN 123.0 68.80 BM am 2.124 HKS 7.800 4360 BAHT 4436 24.79 RUPIAH ***** 5300 *SS to 100 units FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA .39.00 BANGKOK 9.IQ MANILA
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  • 1169 1  -  Both Sing Tel and Optus share prices down sharply in knee-jerk reaction By' Teh Hooi Ling [SINGAPORE] In its biggest acquisition yet, Singapore Telecommunications yesterday announced that it has reached agreement to purchase Cable Wireless Optus, Australia's No 2 telecoms operator, from
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  • 599 1  -  From Anthony Rowley in Tokyo Tokyo stock prices continued their strong recovery yesterday with a gain of nearly 5 per cent on hopes that monetary actions taken last week by the Bank of Japan and further official actions promised to aid the
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  • 53 1 Bloomberg (NEW YORK] US stocks rose yesterday morning on optimism that recent declines have left them inexpensive compared with the outlook for profit growth. By 11am EST, the Dow was up 136.14 points at 9,640.92 while the Nasdaq Composite was up 22.05
    Bloomberg  -  53 words
  • 780 1  -  OQMMHNTAftY Sing Tel will have to realise long-term potential of deal to prove bearish investors wrong, says Ootrad RqJ Conrad Raj WHEN Cable Wireless (C&W) ut out its information memorandum on its 52.5 per cent-owned Australian subsidiary Cable Wireless Optus in October
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  • Page 1 Advertisements
    • 175 1 imgPE Top stories Lee Han Shih: Sing Land's sterling results belie rental storm ahead. Pg 11 SPH posts 8.5% dip in interim profits to $204.4 m. Pg 4 VTech to fire 16% of workforce. Pg 16 The US movie industry has finally learned to share. Pg 28 Analysts query SingTel's
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  • OPTUS deal
    • 545 2  -  Its share price falls 10% on news of Optus purchase By. Angela Tan [SINGAPORE] Singapore Telecom (Sing Tel) executives could barely conceal their delight yesterday at having beaten two international contenders to snare Australia's Cable Wireless Optus. After previous disappointments on the acquisition trail, Sing
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    • 495 2 How Singtel will pay for Optus Share alternative: 1.66 new SingTel shares for each Optus share. This represents a 20.1% premium to Optus' closing share price of A$3.80 on Mar 9, 2001. the last trading day before SingTel submitted its final expression of interest, and a 17.1%
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    • 479 2  -  Statement follows S$ dip on talk Sing Tel needs to buy forex for Optns deal By Siow Li Sen [SINGAPORE] Following yesterday's sharp drop in the Singapore dollar, the Monetary Authority of Singapore (MAS) reiterated that it will intervene to dampen
      Source: Reuters  -  479 words
    • 1616 2 Below are excerpts of the question-and-answer session from SingTel'spress conference yesterday to announce its proposed acquisition of Cable Wireless Optus. Sing Tel chairman Koh Boon Hwee and executive vice-president of consumer business Lucas Chow were in Singapore. Sing Tel CEOLeeHsien Yang, chief financial officer
      TAN SUAN ANN/ST  -  1,616 words


  • SINGAPORE companies
    • 412 4  -  Group warns of weak second half amid slower economic growth Eugene Low MEDIA giant Singapore Press Holdings (SPH) posted an 8.5 per cent dip in interim net profits to $204.4 million, and warned that its performance for the second half would be
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    • 280 4 CLOSE to half of the commuters recently surveyed said they picked up a copy of Streats and Today simply because they were free. However, 41 per cent of commuters picked up a copy of Streats, compared with just 20 per cent for
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    • 305 4  -  By David Boey SESDAQ-listed construction firm Poh Lian Holdings Ltd said yesterday its proposed acquisition of Indonesianbased pulp and paper mills should be pared down by some US$ll3 million (Ss2o2 million), or 30 per cent, from US$3B5 million, now that the
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    • 683 4  -  Move aimed at capitalising on deregulated financial environment, he says By\ Siow Li Sen KWEK Leng Beng, chairman of Hong Leong Finance and subsidiary Singapore Finance, yesterday defended the restructuring of the group, as shareholders gave the plan a mixed reception. Mr Kwek said the
      ARTHUR LEE  -  683 words
    • 230 4  -  By* Janice Lee THE Singapore Government Bond Index (GBI) will join JP Morgan's Government Index Broad (GBI Broad) this April 2, the first emerging Asian country to be represented. Singapore was included to broaden the index's range, said JP Morgan in a statement. The
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    • 601 4  -  It owns the most non-core assets among local banks By, Angela Tan OCBC Bank, which was widely expected by the industry to unveil details of its non-core banking asset sale by the end of this month, will now do so
      FILE PHOTO  -  601 words
    • 311 4 The plant will help S'pore diversify its sources of water Bloomberg SEMBCORP Industries Ltd and Keppel Fels Energy Infrastructure Ltd, two of Singapore's biggest governmentlinked companies, are keen to bid for a state desalination project that could cost as much as US$23O million
      Bloomberg  -  311 words
    • 667 4  -  H lock siew neil behrmann STEEL makers and manufacturers of metals, glass and electronics products must be feeling distinctly uneasy about the marriage between the mining conglomerates BHP and Billiton. If the US$2B billion (Ssso billion) merger goes through, BHP Billiton, Rio
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    • 819 5  -  But over 10 years, average annual yield stands at 7.9% Byi Genevieve Cua UNREALISED losses on the value of some assets in NTUC Income's life insurance fund caused the fund's total yield to dip into negative territory at minus 1.4 per cent last year.
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    • 325 5  -  Counter closes at 25.5 cents or 19% below issne price By] Rachel Ong CHINA'S United Food Holdings made a disappointing debut on the main board of the Singapore Exchange yesterday, closing at 25.5 cents or 19 per cent shy of its issue price. But
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    • 334 5 Issue makes more sense for investors in view of global stock plunge: analysts Bloomberg CHARTERED Semiconductor Manufacturing Ltd plans to sell as much as US$4O2 million (Ss7l9 million) of bonds convertible into stock, a sale some investors said may be more
      Bloomberg  -  334 words
    • COMPANY Briefs
      • 79 5 Reuters MCL Land, the property arm of Cycle Carriage, said yesterday it was awarded a government tender for a residential land parcel at a price of $158.7 million. The firm's bid for the 99-year plot at Choa Chu Kang Loop had emerged tops in
        Reuters  -  79 words
      • 83 5 Reuters COSCO Investment (Singapore) said its net profit for the year ended Dec 31,2000 soared to $10.78 million from $820,000 previously. Turnover, however, fell to $161.93 million from $201.41 million. The group is engaged in shipping, shiprepair and marine-related businesses. It said the increased profit
        Reuters  -  83 words
      • 72 5 LEE Metal said its net profit last year fell 94 per cent to $343,000. Group turnover increased from $117.7 million to $134.6 million. The group said the profit plunge was due to the declining prices of reinforcement steel products as a result of continuing stiff
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      • 86 5 MAE Engineering's net profit last year rose 27 per cent to -$3-2 million. The group's turnover increased $6 million or 10 per cent from $63.3 million to $69.3 million during the year. It said this was largely due to an increase in work for
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  • Page 5 Advertisements
    • 30 5 bMM iMjAI UijlA| Showrooms: 9 Leng Kee Road. Tel: 566 1111 61 Übi Avenue 2, #01-11, Automobile Megamart. Tel: 841 1183 Parts Service: 27 Leng Kee Road. Tel: 473 1183.
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  • SINGAPORE markets
    • 644 6  -  I=ll comment STOCKS ven sreenivasan THE Straits Times Index battled to stay in positive territory yesterday as its biggest component stock, Singapore Telecommunications, lost 10 per cent. But Sing Tel aside, the broader market was more positive than it had been for days, as
      644 words
    • 180 6  -  WARRANT WATCH By' Ven Sreenivasan THE warrant of logistics player Freight Links Express Holdings (FLEH) edged up half a cent to 1.5 cents yesterday on volume of 10,000 units. On the other hand, the underlying stock slipped half a cent to 8.5 cents on
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    • 160 6  -  HOT STOCK By' Ven Sreenivasan OMNI Industries has rebounded strongly since the middle of this month. The stock gained another 13 cents, or 4.6 per cent, to $2.95 yesterday on 17.9 million shares, making it the third most active counter. It is poised to break out
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    • 481 6 Foreign investors bny the greenback after Friday's recovery on Wall Street AFP THE US dollar rose against the yen in Tokyo yesterday after a recovery on Wall Street at the end of last week, dealers said. The US unit was quoted at 123.06-09
      AFP  -  481 words
    • 60 6 IN yesterday's column we said the Singapore Exchange is paying a dividend of 10.4 cents per share. This is incorrect. SGX expects to pay a full-year gross dividend of about 7.4 cents per share. Of this, three cents a share has already been paid as an interim gross dividend
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    • 336 6 Stocks Volume SingTel 15c 96.087.000 PacificCenturylOc 24.847,000 Omni Ind 10c 17,920.000 Vicptas 5c 16,049,000 Goldtron 5c 15,611,000 Vickers Capital 25c 11,735,000 PCI 25c 11,273,000 GES Intl Ltd 20c 11,145,000 Chart Semiconductor 26c 9,337,000 Frontline 5c 8,299,000 Stocks SingTel 15c 209,767,3CX) DBS Grp 94,327,937 Omni Ind 10c 52,068,160 Chart Semiconductor 26c
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  • 2736 6 UNIT TRUSTS FUNDS Manager's prices (Ss):Mar27 Abtfdwn Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.713 0.7S0 Global Technology Fd!** 0.618 0.650 UK Blue Chip Fd!** 0.712 0.748 American Opport Fd 0.773 0.812 Cont Euro Eqty Fd!** 0.992 1.043 Japan EqtyFdl** 1.181 1.241 Asian Fixed Income Fd 1.084 1.118
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  • Page 6 Advertisements
    • 30 6 EXECUTIVE mm* Get up-to-date on the property and look out f o' our nev. week!;, matters column, interior decot architecture ana Gardening slot *\jr In The Business Times every Thursday.
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  • Page 7 Advertisements
    • 54 7 H I I I TAKASHI MURAKI RADM (NS) TEO CHEE HEAN TOK WEE LENG Managing Director. Hitachi Asia Ltd. Minister for Education and Second Minister tor Defence I Khoo Swee Chiow's Wife President. Singapore National Oiympic Council Patron of Hitachi Extreme North Expedition I HIM RECOVERY II v••■" -V A
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  • SINGAPORE news
    • ON THE grapevine
      • 74 8 HERS may not be Starbucks standard just yet, but the tea lady at the Hong Leong group could give the American coffee chain a run for its money. A group of journalists had gathered yesterday to meet Hong Leong Finance group chairman Kwek Leng Beng at
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      • 82 8 WE know that Singapore is offering foreigners permanent residence or citizenship if doing so will help the country qualify for international sporting honours, such as a berth in the World Cup soccer tournament. So one local wit has suggested the country make similar offers to promising
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      • 72 8 LAST week, BT ran an online poll after the US Federal Reserve cut interest rates by 50 basis points. The poll said: The Fed rate decision will help pull the US out of recession. Here's how readers voted: Yes, this is what the economy
        72 words
    • 322 8  -  Expert Asia is backed by Sunday Communications; np to 4 licences may be issued By. 'Andrew Wee FOUR applicants for third-generation (3G) mobile telephony licences had declared their hand by yesterday's closing date for notification of intention to bid. The
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    • 466 8  -  20 more Goldenhill Park units sold; at Binjai Crest, total sales are 104 anits By Kalpana Rashiwala NTUC Choice Homes Co-op-erative is expected to cut prices "really soon" for its Rivervale Crest condo in Sengkang now that rival Centrepoint Properties has sold
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    • 331 8 FROM next month (April), Star Hub and Sing Tel subscribers can access Mobile One's (Ml) international call services. Currently, only Ml mobile phone users can access its IDD 002 and Value Call 021 international call services. However, this will change following the resolution of
      331 words
    • 361 8  -  fty Chua Hui Min UNITED Overseas Bank (UOB) will offer an authenticated payments solution that will be available to its 460,000 credit card holders by the third quarter. At a briefing yesterday, Visa International Asia-Pacific said UOB will be the first
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    • 385 8  -  Raffles Town Club saga By\ Ling Su Ann EUROPA Holdings (EH) chairman Lawrence Ang yesterday testified that had Peter Lim asked for his 39.21 per cent beneficial stake in EH and the club, he would have agreed to it. Mr Ang, 49, said he would
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    • 352 8 The Straits Times DEVELOPER Ricky Goh's ailing company, Grandlink Group, has been wound up by the High Court because it is in "a mess" it owes more than $18 million to creditors. Justice G P Selvam yesterday ordered liquidators to take over the company
      The Straits Times  -  352 words
    • 319 8  -  1473 on the economy manufacturing By. Anna Teo AFTER a seasonal dip in January, manufacturing output rebounded last month with a 13.3 per cent increase, and calendar effects were again in play. Releasing the data yesterday, the Economic Development Board said the year-on-year jump was
      Source: EDB  -  319 words
    • 1381 9  -  Under SM Lee, the country has made great economic progress but aspirations among younger Singaporeans are rising, DPM Lee Hsien Loong tells JOHN THORMHILL of London's Financial Times why it's important to keep them engaged JOHN THORNHILL IN spite of his 77 years, Lee
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    • 188 9 THE Singapore Productivity and Standards Board (PSB) aims to boost its regional and global presence through corporatisation. The corporatised activities will come under two new entities PSB Corporation and PSB Certification. The larger company, PSB Corporation, will handle training, consultancy, technology and testing
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    • 378 9 Survey shows they are more sensitive than consumers in US, Europe SINGAPORE consumers showed more concern for ethical factors in their choice of purchases than their counterparts in Europe, the US and Australia, according to a survey. Conducted by SWR Worldwide, the nine-country survey
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    • 166 9 THE Trade Development Board (TDB) yesterday launched an online information portal, www.singaporelogistics.com, for the logistics industry. The board hopes to make it a one-stop resource for logistics and supply chain management in the region. "This information portal presents an overview of the Singapore logistics industry as
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  • Page 9 Advertisements
    • 35 9 PIAGET Boutique: #01-11 Ngee Ann City Tower B, 391 Orchard Road, Singapore *****4. Tel: 732 6831. Authorised Retailers: Cortina Watch Deluxe Eastern Watch Roy Eastern Watch Sincere Fine Watches The Hour Glass (Scotts Shopping Centre)
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  • MAIL bag
    • 283 10  -  Gan Guat Heng Singapore, via Internet I AM one of the "lucky" 5,000 individuals who were invited to join the "prestigious" Raffles Town Club at $28,000 a membership in the initial offer package. The club had promoted a club-joining fee of $48,000 after
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    • 344 10  -  David Tio, Andrew Haynes Osteopathic Treatment Centre Tanglin Shopping Centre I REFER to your article, "Health Check", by Yvette Flanigan and Rebecca Chew (BT. March 20). We would like to thank you for bringing this topic to the attention of the public with regard to statutory
      FILE PHOTO  -  344 words
    • 137 10  -  Denis Distant Singapore, via Internet I REFER to the current cash offer to acquire the shares in Pacific Carriers Ltd (PCL) It is an excellent example of a well-planned offer where there was no leakage of information as shown by the closing price of the
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    • 245 10  -  Lim Yuat Peng Singapore via Internet I HAVE an account with Citibank where I maintain my mutual funds. With the poor market performance of late, my investments have dwindled by 50 per cent and now my balance has fallen below their minimum-sum requirement. Considering
      245 words
    • 111 10  -  Tan Yong Seng, Alan Singapore, via Internet I REFER to your article "Glut on the Tuas industrial front" by Kalpana Rashiwala (BT, March 15). Are the developers a pitiful lot? Certainly not! During the good times, they would not hesitate to keep
      111 words
    • 120 10  -  Ruby Lim-Yang Artistic director. Act 3, Singapore ACT 3 would like to thank The Business Times for being the official newspaper for Prudential Children First! Singapore International Festival For Children. The festival was a resounding success and Act 3 would like to thank BT
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  • Page 10 Advertisements
    • 1983 10 Full-year financial statement on consolidated results for the year ended 31 December 2000. These figures have not been audited. The Group The Company Ss'ooo SS'OOO 2000 1999 Change 2000 1999 Change 1 fil J""™* 161.931 201,412 (20) 3.563 5.144 (31) (b) Investment income 0 41 (100) 0 0 0 (c
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    • 68 10 We welcome letters. E-mail us at btletter® sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear
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  • FOCUS property
    • 718 11  -  I I comment PROPERTY DBS' aborted Unity Tower 2 deal, which would have been the biggest in years, Is first sign of weakness in the office market lee han shih INVESTORS who read the results released by listed Singapore Land last week could
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  • Page 11 Advertisements
    • 50 11 Your weekly guide to pubs and lounges every Friday in The New Paper Fastads fastads I < o The Riverwalk Strata office 20,000 sq ft Opposite the new S'pore River MRT High floor ceiling height Ideal for investment or occupation 223 2323 Sarah Kang Ext. 619 Alex Chong Ext. 620
      50 words
    • 98 11 I I 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
      98 words
    • 389 11 r i> isr JjAJALLCi Industrial Redevelopment Site at Site Area: 54,451 sq ft approx Zoned General Industry, PR 2.5 Easy accessibility via West Coast Highway and Ayer Rajah Expressway Close proximity to Pasir Panjang Terminal Potential gross floor area of 136,127 sq ft approx. FOR SALE BY TENDER Closing Date:
      389 words
    • 315 11 100/000 sq ft of Strata Space Near Lavender MRT Station For Sale by Private Treaty Suitable uses: Corporate HQ for Trading Company f! Distribution/ XI S;: Jh Service Centre ■■■g g Showroom 1 Commercial School Church (High Ceiling) Entertainment HS Recreation Highly adaptable with many possibilities Asking price Ss3Bo psf
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  • EDITORIAL & opinion
    • 732 12  -  OPINION ITTT^ bottom line david derosa David Deßosa, adjunctfinance professor at Yale School of Management and the author of In Defense of Free Capital Markets Bloomberg THE European Central Bank's policy board meets on Thursday to decide whether to follow the lead of the
      Bloomberg  -  732 words
    • 101 12 "Fundamentally, it seems ridiculously cheap. Presumably, eventually, investors will notice Australia's having a half-price sale/' -Bory Robertson a New York-based strategist, on the weakness of the Australian dollar. "For the average Indian citizen, day-to-day existence is hard enough. He has to wait in a mile-long queue for
      101 words
    • 667 12 EDITORIAL SADLY, it seems that Indians are resigned to the fact that the scandal involving India's army officers and politicians is unlikely to be the country's last They point out that allegations of bribery have emerged following the purchases of Swedish guns, German submarines and Russian
      667 words
    • 1221 12  -  Heavy fallout seen if US, Japan and Europe depreciate together From, Anthony Rowley in Tokyo SUDDENLY, the world is beginning to look like a rather scary place as stock markets fall in unison, evidence of stagflation appears in the US, the Federal Reserve lowers
      REUTERS  -  1,221 words
    • 769 12  -  COMMENTARY w Barry Riley FT HEROES can so quickly slip down the league table of popularity. In the late *****, Alan Greenspan, chairman of the US Federal Reserve Board, became adored by a new generation of equity market investors. His reputation, however, is being destroyed
      FT  -  769 words

  • REGIONAL news
    • 173 13 MANILA Reuters PHILIPPINE power distributor Manila Electric Co (Meralco) posted yesterday a 24.8 per cent year-on-year drop in 2000 net income. Analysts said the income was lower than had been expected and was the result of a rise in interest expense, higher operating
      Reuters  -  173 words
    • 156 13 BANGKOK Bloomberg LEHMAN Brothers Holdings Inc has expressed an interest in buying a stake in a planned Thai asset management company, Deputy Prime Minister Pitak Intravitayanant said yesterday. The government plans to start Thai Asset Management Corp to buy US$3l billion (5555.3
      Bloomberg  -  156 words
    • 256 13 KUALA LUMPUR Move is to ensure that airline returns to the black in 2 years time: reports AFP THE government may subsidise loss-mak-ing Malaysia Airlines' domestic routes to enable the carrier to return to profitability in the next two years, reports said. Transport
      AFP  -  256 words
    • 289 13 KUALA LUMPUR Foreign minister calls it a political gambit AFP THE Malaysian government yesterday said jailed politician Anwar Ibrahim, who has been in hospital for four months with back pain, was making political capital out of his condition. "Anwar is making use
      AFP  -  289 words
    • 431 13  - Li Fung profit up 51% at HK$870m Prom, Audrey Tan in Hongkong TRADING house Li Fung yesterday reported a 51 per cent jump in after-tax profit to HK$B7O million (*****.5 million) for the year ended December, and said that it expects little impact from the US economic slowdown despite its
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    • 387 14  -  No fraud committed; but 4 ex-directors of collapsed group cited for incompetence Front* Quak Hiang Whai in Hongkong THE Hongkong government yesterday revealed that it had found no fraud or dishonesty on the part of any of the directors, managers and advisers in
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    • 140 14 TAIPEI Reuters TAIWAN'S economic growth could well fall below 5 per cent in 2001 if key data this week signals a third consecutive month of slowdown, the country's top economic planning agency warned yesterday. "In theory, if the domestic economy continues to flash
      Reuters  -  140 words
    • 426 14  -  From I Quak Hiang Whai in Hongkong HONGKONG-LISTED Wharf Holdings yesterday reported a 29.4 per cent fall in net profit to HKS2.4B billion (*****.7 million) last year, down from HK$3.5l billion in 1999, with the decline being attributed to the absence of exceptional items.
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    • 69 14 [HONGKONG] Kristie Phelps (left) and Lisa Franzetta, demonstrators from People for the Ethical treatment of Animals (Peta), staging a protest near the location of the Asia-Pacific Leather Fair yesterday in Hongkong. Ms Phelps and Ms Franzetta, from Norfolk and Oakland in the US respectively, were dressed in
      AFP  -  69 words
    • 375 14 UHONGKONG AFX INTERNET and telecoms giant Pacific Century CyberWorks closed down 3.5 per cent to HK53.45, ahead of its 2000 earnings report tomorrow and increasing concerns that Cable Wireless pic may sell a 7.5 per cent stake in PCCW in the open market,
      AFX  -  375 words
    • 301 15 HONGKONG Bloomberg LEGEND Holdings, China's biggest computer maker, will need to gradually write off HK$l.9 billion (***** million) of goodwill from earnings because of a new accounting rule, Legend spokeswoman Alice Li said. The rule change will not hit net income for the
      Bloomberg  -  301 words
    • 611 15 NEW DELHI MNCs look to bay local units at relatively low prices Reuters SAGGING Indian share prices have come as a boon to multinational companies looking to wrest complete ownership in their domestic subsidiaries. In the past two weeks, four multinationals have launched
      Reuters; AP  -  611 words
    • 166 15 AFP [HONGKONG] The price of a fake Hongkong passport has soared on China's black market after the European Union granted Hongkong residents visa-free access to the 15-nation bloc. China-based forgery syndicates have pushed up the price of Hongkong passports by more than 40 per
      AFP  -  166 words
  • Page 13 Advertisements
    • 24 13 [iTwl B Lianhe Zaobao E I Bankruptcy I lof Chinese I I listed firms I I An inside story I I I I I
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    • 180 13 Your business depends APC's desktop-to-datacenter product j on computing. To compete range is tailor made ,or ,he current ViHfW tm global e-business environment and successfully in a global need for 24x7 availability economy a company's computer system Discover APC's end-to-end range of A technologically advanced, award- v must be continuously
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  • Page 14 Advertisements
    • 2484 14 UNITED TEST AND ASSEMBLY CENTER LTD (the "Company") (Incorporated in Singapore) Registered Office: 5, Serangoon North Avenue 5, Singapore *****6 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 5 Serangoon North Avenue 5. Singapore *****6 on Wednesday.
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    • 669 14 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF ETY MANAGEMENT PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At an Extraordinary General Meeting of the members of the above-named Company, duly convened and held at 10 Collyer Quay
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    • 185 14 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF VALIANT REALTY PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50. the Final Meeting of the members of the abovenamed
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  • Page 15 Advertisements
    • 311 15 ■O al ale) i I fei :ldM 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
      311 words
    • 260 15 generation business Yq 1 k fj mmTWT^L T The IBM (e) server xSer/es 220 NX. comes ivit/i diagnostic monitoring and affordable technology for small business needs. t"T~ IBM (e) server grow you I\ as /f grows on you. Designed specially for small I businesses, this Linux-ready Intel-based server is scalable
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  • e-NEWS
    • 373 16 HONGKONG It will take a USsl33m charge over purchase of Lucent unit Bloomberg VTECH Holdings Ltd, the biggest maker of cordless phones, said it will fire 16 per cent of its workers and take a US$l33 million (Ss23B million) charge to help stem losses
      Bloomberg  -  373 words
    • 417 16 Bloomberg [HANOVER] Via Technologies Inc, Taiwan's largest chip designer, yesterday introduced a computer processor at the Cebit electronics show in Germany that it says consumes less power and costs less than rival offerings. Via aims to supply the processor to companies making personal computers
      Bloomberg; AFP  -  417 words
    • 241 16 SANJOSE Bloomberg A GREATER-than- expected slowdown in personal computer sales this year will likely trigger a price war among PC makers such as Dell Computer Corp as they seek to preserve market share, Gartner Group Inc said. Worldwide PC shipments are
      Bloomberg  -  241 words
    • 279 16 BOMBAY AFP INDIA'S Reliance group is investing 300 billion rupees (Sslo.B billion) to lay Asia's biggest broadband telecom network, reports said yesterday. "Reliance Infocom plans to connect 115 cities across India to create Asia's biggest broadband network," The Economic Times said, citing unnamed company
      AFP  -  279 words
    • 42 16 [LONDON] The RSOI RoboDoggoing on display during its launch. Designer Nick Wirth claims RoboDog is the world's most powerful, most advanced and largest autonomous legged robot and is designed as a platform for robotic technologies of the future. REUTERS
      REUTERS  -  42 words
    • 321 16 SINGAPORE 54% of Danish households linked to Net; S'pore is No 3, after the US: NetValne Reuters DENMARK is the world's most wired nation but Mexican men use the Internet far more than women, Internet measurement company Net Value said yesterday. Denmark, with 54 per
      Reuters  -  321 words
    • 455 16 LOS ANGELES Cuts among deepest in Sonth California's tech industry LATWP CAUGHT in the throes of a brutal slowdown in the technology market, communications chip maker Conexant Systems Inc was expected to disclose yesterday that it is cutting about 1,500 jobs,
      LATWP  -  455 words
    • 223 16 SHANGHAI Reuters ORACLE Corp's China and Asia Pacific businesses should escape a raging global technology shake out that has ravaged nearly every facet of a once red-hot industry, the firm's China chief said. The world's second largest software maker believes Beijing's accession
      Reuters  -  223 words
    • E Briefs
      • 82 16 AFX-Asia [TOKYO] Cisco Systems chief executive John Chambers said the US downturn will continue for "at least three more quarters" and possibly longer. Mr Chambers told the Financial Times that the outlook for the economy has deteriorated significantly since Cisco warned in
        AFX-Asia  -  82 words
      • 68 16 AFX-Asia [TAIPEI] Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said it will not incur a loss in the first quarter, rejecting market speculation to that effect. Industry visibility is still limited for the second quarter and the company will report details on the outlook for
        AFX-Asia  -  68 words
      • 89 16 Bloomberg [OSAKA] Sanyo Electric Co will merge two vending machine units and turn its mobile phone making unit into a subsidiary next month, part of steps the company is taking to boost profitability. Sanyo said it's expecting group net income of 73 billion yen (Sll.l
        Bloomberg  -  89 words
      • 81 16 Reuters [PARIS] French telecoms equipment firm Alcatel declined to confirm a forecast for 2001 sales growth of 20 to 25 per cent for the company because of uncertainty in the sector. "For the first quarter we maintain a forecast of growth of above 20
        Reuters  -  81 words
      • 86 16 Reuters [TOKYO] Toshiba Corp and Matsushita Electric Industrial Co said yesterday they would join hands in the development and sales of information systems for factories, a fast-growing market amid Japan's information investment boom. The two firms, laggards in the market dominated by giants like Hitachi
        Reuters  -  86 words

  • Page 17 Advertisements
    • 367 17 4 It"- iv I ftl hi warn warn ■k£uL-< V B m J/k fe. Wll b »BB V J m Ik lln 9 IjH^H ajiiiii 1 I Klf LI jM V' JB 9 l ■i^^W Sfe IB v <- «kj| *\--K W7¥S BpP^i" 1 I"^BAA.** J I Y# 11 L£
      367 words

  • Page 18 Advertisements
    • 2362 18 I Banking Corporation I ll#estpac I Banking Corporation I Westpac Banking Corporation and its controlled entities (All figures quoted in Australian dollars) n^om^ I 60 Martin Place Sydney NSW 2000 I Telephone (02) 9226 3311 I STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2000 I Branch ft Regional
      2,362 words

  • WORLD news
    • 281 19 BRISBANE AFP A FINANCIAL adviser who promised American investors loans worth US$4B3 million (*****.9 million) from a non-existent bank to finance projects in Hongkong and China was jailed for six months. Garry Peter Hamblin, 44, was yesterday convicted of laundering U*****,000 paid by
      AFP  -  281 words
    • 460 19 SEOUL They made provision for 10.3 trillion won loan losses in 2000, np from 9.9 trillion won in 1999 Reuters A CLUSTER of healthy South Korean banks posted bigger gains last year, but the sector as a whole continued to be affected
      Reuters  -  460 words
    • 600 19 TOKYO Reuters JAPANESE ruling coalition powerbrokers were set yesterday to step up efforts to replace unpopular Prime Minister Yoshiro Mori, after a stark warning that many voters are fed up with parties of all persuasions. In a poll widely seen as a
      Reuters; AFP  -  600 words
    • 288 19 SEOUL Shake-np to rejuvenate ties with US, North Korea Reuters SOUTH Korean President Kim Dae-jung sacked his foreign minister yesterday in a sweeping Cabinet shake-up that analysts expect will rejuvenate diplomatic engagement with Washington and Pyongyang. Mr Kim named ex-ambas-sador to the United
      Reuters  -  288 words
    • 758 20  -  Anto manufacturing, machinery, glassware and crystal are possible areas of cooperation FYoni Chuang Peck Ming in Prague PRIME Minister Goh Chok Tong continues to spread the message of friendship and cooperation as he flies into the Czech Republic on the final
      758 words
    • 332 20 WASHINGTON Bloomberg, AP, Reuters SALES of new single-family homes across the US fell in February to a level that still suggests demand for housing has resisted the slowdown elsewhere in the economy, a government report showed. New home sales dropped 2.4 per
      Bloomberg,; AP,; Reuters  -  332 words
    • 49 20 [KIEV, Ukraine] A woman walking past a monument at the open air museum of World War II during a thick early morning fog over the Ukraine capital. Ukraine's embattled President Leonid Kuchma announced yesterday he had named Yuri Smirnov to replace sacked interior minister Yury Kravchenko. AFP
      AFP  -  49 words
    • 323 20 Johnson Johnson in talks to buy Alza NEW YORK Price said to be more than USsl2b; talks at delicate stage Reuters JOHNSON Johnson, moving to bolster its drug pipeline and capture some important pharmaceutical technology, is in advanced discussions to acquire Alza Corp for more than US$l2 billion (5521.4 billion),
      Reuters  -  323 words
    • 485 20 TOKYO Reuters LOSS making Japanese electronics group Aiwa Co Ltd yesterday said it would cut 5,000 jobs, close eight plants and get a capital injection from major shareholder Sony Corp, speeding up a restructuring that began last year. Aiwa, facing its second
      Reuters  -  485 words
    • 315 20  -  From Neil Behrmann in London CABLE Wireless' shares yesterday soared on the London Stock Exchange, in contrast to Singapore Telecom shares. C&W shares surged 42 pence or 9.5 per cent to 485 pence as the market took the view that
      315 words
    • 439 21 WASHINGTON It must open up more potential domestic production sources, begin conserving LATWP WARNING again of possible blackouts in California, Energy Secretary Spencer Abraham appealed on Sunday for a sweeping overhaul of US energy policies to ward off problems that could plague
      LATWP; AP  -  439 words
    • 240 21 LONDON FT FAMILY shareholders behind some of the world's biggest carmakers including Ford, PSA Peugeot Citroen and BMW are expected to receive combined dividend payments of almost US$47O million (*****.7 million) following a sharp increase in profits last year. The payments are likely to
      FT  -  240 words
    • 479 21 WASHINGTON The US Treasury Secretary is bowing to criticism of his ties to company Reuters US Treasury Secretary Paul O'Neill, bowing to criticism, said on Sunday he will sell his estimated US$9O millionplus (Ssl6o million) stake in Alcoa Inc, the aluminium giant he headed for
      Reuters  -  479 words
  • Page 19 Advertisements
    • 650 19 W UNISTEEL a UNISTEEL TECHNOLOGY LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Unisteel Technology Umitea will be held at the Registered Office. No. 33 Loyang Crescent, Loyang Industrial Estate. Singapore *****4 on Wednesday. 11 April 2001 at 10.00 a.m. for the
      650 words
    • 397 19 pGople view By Stacy Chapman, HRMS Product Strategy Manager Asia Pacific, PeopleScft Employees work with many business partners recruitment companies, training companies, office equipment suppliers the list is long and the interactions many. Unfortunately, those interactions are often not as efficient or effective as they should be, with duplications, delays
      397 words

  • Page 20 Advertisements
    • 49 20 >: mm MMM jgjk u* ■lit mmmhT l4^HP&^&-~ Jv T^^na IPH. a r Grab your copy at: BUZZ Kiosks BP Caltex Esso Mobil Shell SPC Borders Carrefour Giant NTUC Fair Price NTUC Food Fare NTUC Cheers Shop N Save 7-Eleven Cold Storage Times The Bookshop Guardian Pharmacy Your neighbourhood newsstands
      49 words
    • 374 20 B)unisteel UNISTEEL TECHNOLOGY 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 at 33 Loyang Crescent. Loyang Industrial Estate. Singapore *****4 on 11 Apnl 2001 at 10:30 am (or immediately after
      374 words

  • Page 21 Advertisements
    • 218 21 offers ha r p~J ov£ref I ect In its highest-end range, for example, professional-users will marvel at its "SuperV" LCD I that de,ivers U P t0 1600 x 1200 resolution, high contrast of 300:1 and a vertical/horizontal I viewing angle of 140° to 160°, even while lowering power consumption. I
      218 words

  • Page 22 Advertisements
    • 4299 22 s SHANGRI-LA ASIA LIMITED (Incorporated in Bermuda with limited liability) website: http://www.irasia.com/fistco/hk/shangrila 2000 FINAL RESULTS ANNOUNCEMENT The Directors of Shangri-La Asia Limited (the "Company") are pleased to announce the audited The currency-mix of the bank loans and cash and hank »>.» 11 ->nnn t n consolidated final result! of the
      4,299 words

  • FINANCE & commodities
    • 273 23  -  SGX Derivatives Trading Report ST Indac/MSGI S"pore Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market made moderate gains, helped mostly by computer-related stocks tracking Friday's rally on the Nasdaq. At the close, the benchmark Straits Times Index gained 2.88 points or 0.17
      273 words
    • 240 23 MSCI Taiwan Index THE TAIWAN stock market closed higher for a third consecutive day, tracking the gains made on Wall Street. At the close, the MSCI Taiwan stock index gained 2.89 points, or 1.10 per cent to finish at 266.63 points. Turnover for
      240 words
    • 224 23 Reuters London THE euro gained as much as one per cent against the yen and half a per cent against the dollar yesterday, benefiting from gloom over Japan's economy and growing talk of a near-term rate cut by the European Central Bank (ECB). The yen was roundly beaten,
      Reuters  -  224 words
    • Article, Illustration
      1267 23 Aii-senes Mauntic >»y Start l-3ps Long >3»ra| INTERBANK CROSS RATES Mar26 A$ C$ m* Euro Ffr Cm HKj Ind *i Buputh Yen Won *H M2$ Pafc»s Peso S$ 8a«d Sfr NTS 8Ht Pond USS Austria 0.769 4.082 0.550 3.610 1076 3.836 22.950 5L029 0.605 6.446 1.869 1208 29.904 24.192 0.880
      1,267 words
    • 1927 23 SICOM FUTURES Mnrjn RUB8ER (Mm closing as at 5.30pm) RSS1 CONTRACT (S cemVkq) Close Volume OpM Mont* Hkqh Low Sttt (tonnes) Interest Apr 01 99.75 May 01 100.50 400 J«n 01 102.00 800 Jul/Sep 01 103.00 750 RSS 3 CONTRACT (US centi/ty) Volume Open Month High Low S«tt (tomes) Interest
      1,927 words
  • Page 23 Advertisements
    • 32 23 ©N M ROTHSCHILD SONS over 200 yean of banking Tel: 65-535 9677 65-535 9100 Fax:6s-535 8713 r> 11 n.L LM J T e Email: treasury@rothschild.com.sg Call Rothschild Treasury Services today. Website: www.nmrothschild.com.sg
      32 words

  • STOCKS east asia
    • 2900 24 HONGKONG AFP yiHangSeng +367J3 HONGKONG share prices rose 2.9 per cent yesterday due to bargain hunting after a week of losses, dealers said. The key Hang Seng Index gained 367.13 points to close at 12,950.49, after a 6.9 per cent loss last
      AFP  -  2,900 words
    • Article, Illustration
      1081 24 AFP Index ****** CHINA'S Shenzhen B Share Index yesterday advanced 4.59 per cent, or 15.03 points, to finish at 342.15, following a see-saw trading session, as turnover dropped by 30 per cent to a still-healthy HK$5.2l billion. Shanghai B shares surged 8.5 per cent with gains across the board
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,081 words
    • 378 24 AFP □WP Index +95.77 TAIWAN share prices closed 1.7 per cent higher yesterday on strong buying following Wall Street's rally, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 95.77 points to 5.896.32, on turnover of NT5135.05 billion. "Investors were more willing to trade with Wall Street stabilising,"
      AFP  -  378 words
    • 2077 24 TOKYO AFP PNikka22s ♦<47.77 SHARE prices in Tokyo soared 4.9 per cent yesterday to near the 14,000 mark, helped by a rebound on Wall Street and easier borrowing costs in Japan, brokers said. Information technology issues led the upswing as investors, anticipating longawaited
      AFP  -  2,077 words
  • Page 24 Advertisements

  • SGX clob & regional stocks
    • 2636 25 BONDS WARRANTS M «ms M [orr U-«Mt La** M On LiiH.il. *f« MUM Can Eur One an, W# Uw C«M Sato COW) U- Sakr *ke MUM, Ma *U hn,J 40 0.5 S Acma *(*****4 0.5 1 I 41.0 1 300 546 93 00 4 23 2.5 AltT.cn ******7 3 33
      2,636 words
    • Article, Illustration
      756 25 AFP Pi SET Index +£55 THAI stocks rose 1.2 per cent yesterday, with trade supported by the rally on US markets and ahead of the release locally of the government's new stimulus measures, dealers said. The Stock Exchange of Thailand (SET) Index gained 3.55 points to finish at 293.80
      AFP  -  756 words
    • 294 25 AFP Q Composite Index +1&80 PHILIPPINE share prices closed 1.1 per cent higher yesterday after gains on Wall Street and in most regional markets. The Philippine Stock Exchange Composite Index added 16.80 points to 1,448.37. Volume rose to 1.47 billion shares worth 586 mil lion pesos. AFP Hm *h
      AFP  -  294 words
    • 268 25 AFP □N2SE-40 -1190 NEW Zealand stocks yesterday closed down 0.7 per cent in quiet trading, dealers said. The NZSE-40 Capital Index fell 13.90 points to 2,044.80 on turnover of NZ5151.3 million. News of Sing Tel securing a deal to buy Cable and Wireless attracted market attention.—AFP Mar?* MS (OOP)
      AFP  -  268 words
    • 544 25 AFP All Ordinaries +18J THE Australian share market rose 0.6 per cent yesterday off a nine-month low but continued to be plagued by negative sentiment, brokers said here. The All Ordinaries Index added 18.1 points to 3,112.4, while the SP/ASX2OO closed 19.8 points stronger at 3,165.1 points. National turnover
      AFP  -  544 words
    • 310 25 AFP PI Composite Index +8.01 SOUTH Korean share prices rose 1.5 per cent as Nasdaq's gains buoyed sentiment. The Composite Index closed up 8.01 points at 545.98. AFP HOT 4#Anam Semi 4780 620 Brain Tech 560 '0 Central Bank 170 0 CheM Com™ ***** -1200 Dae Gu Bank 1360
      AFP  -  310 words
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  • Page 26 Advertisements
    • 1126 26 The unaudited results for the first half year ended February 28, 2001 are as follows A Results GROUP COMPANY 2001 2000 Change 2001 2000 Change HH S'ooo S'ooo $*000 $000 Turnover 529,612 493,031 496,737 464,653 Trading profit [See Note (a)] 205,091 220,062 213,834 213,065 Income from investments 5 620 Share
      1,126 words

  • 8021 27 SGXMAWBOARD Gr Gr 81 Wt U-M Unt Vat Bay LaM Quote M* Mr YM MM Cm Aug M# U» Co«»wy Salt W- (•«-> MMi U» N» tdhr Cw Wt J Ma MULTI-INDUSTRY 1S3 44 cAcmaSOc 46 5 -0.5 137 47 44.5 46 46.5 5 4.3 5.4 5.8 807
    8,021 words
  • Page 27 Advertisements

  • OSCARS 2001
    • 1335 28  -  No picture dominates this year s Academy Awards as a global view prevails, marked by films such as Crouching Tiger Hidden Dragon and the overseas actors nominated, says RICK LYMAN RICK LYMAN NYT THE movie industry has finally learned to share. The 73rd Annual Academy Awards
      NYT; REUTERS; AP  -  1,335 words
    • 510 28 His addiction his inspiration Reuters [LOS ANGELES] Former crack and heroin addict Stephen Gaghan won the Oscar for best adapted screenplay on Sunday night for Traffic, a tale of the narcotics trade and teenage drug use that drew its inspiration from his own 15-year battle with addiction. Gaghan. 35, who
      Reuters; REUTERS  -  510 words
    • 301 28 AFP [TAlPEl] There was disappointment in Taiwan yesterday as local director Ang Lee failed to grab Oscars for either Best Director or Best Film for Crouching Tiger, Hidden Dragon even though the martial arts spectacle walked off with four awards. "After
      AFP  -  301 words

  • Page 29 Advertisements
    • 256 29 Where to wine, dine and entertain..."-: sa 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 to drunken chicken to even roast beef sirloin. Lunch:
      256 words
    • 22 29 h nich e IH Western J Spanish HmmH RTKiPBVI Cantone&e American ■■HH j Teochew< Japanese Ggetarian j. Mexican Mongolian Hainanese T Italian
      22 words
    • 50 29 Qianlong Imperial Banquet A Yangzhou Feast at Pine Court 20 to 28 March 2001 lU/A, Lunch: 12:00 noon 2:30 pm Dinner 6:30 pm 10:30 pm Skiw Reservations: 831 6262/66 •j; nanaarui Hf .*nmmv —i -> BP r x gg.lffi} 333 Orchard Road Singapore 2 3M67. TH: 737 4411 fan: 732
      50 words
  • Page 29 Miscellaneous
    • 930 29 i ne Business i imes, i uesuay, wimwi f, i »»11 .»-iirTTg^^—^(w*m| 8J0 Moulmein High. 1130 Muzik Muzik. 8.00 Headlines. I'rllVm'Maj—^ 1U v *7 9.00 Who Dares Win. 12.00 MN TV Media Home 832 W3. B9.00 AM > Kids Central. 030 News 5 Tonight. Shopping. 830 Business Tonight. P T
      930 words
    • 217 29 CRYPTIC CROSSWORD ACROSS (4) 1 Where ski-loving German is in 5 Libertine found in jovial assemtraining (5) Wy o« stars (6) 4 Extended stay for one behind 6 Seamen brought back top-quak-the wicket (4-4) ""by (6) 8 Circus performers need glasses 7 Ache to have French bread (4) (8) 10
      217 words

  • New Asia Biz Woman
    • 948 30 From using a stuffed swan as an accessory to sporting period looks, Hollywood's beautiful people dress to kill at the 73rd annual Academy Awards Reuters [LOS ANGELES] THE Red Carpet was alive and in some cases crawling with highly personalised fashions, from singeractress Bjork with
      Reuters; REUTERS; AP  -  948 words
  • Page 30 Advertisements
    • 79 30 fl| 1 v Bmb H We J Try having people in your regional office reporting H to you at the same time, several times a day. H I 9 B B B H: F I gin a HitachiASP n 1& put your business on forward I HitachiASP is about having
      79 words
    • 33 30 Get this FREE with vour copy of TheßijsinessTimes at anv Esso or Mobil service station. Promotion shirts toda\ and ends .Mst March 2001. Whilst stocks la«sl! I!lslxl:ss ws fundsupermart.com INTELLIGENCE CHANGES EVERYTHING r
      33 words

  • KNOWLEDGE economy
    • 1052 31  -  Companies can expect a rise in employee share ownership, shared decision making and more thinking about shared values, says BROWN LIAM BROWN The writer is director of The British Council's Professional Development Centre Michel Foucault had it right. He wasn't talking about the knowledge economy, but
      FILE PHOTO  -  1,052 words
    • 917 31  -  Difficult market conditions offer opportunities for companies to strengthen relations with the media By Lou Hoffman The writer is president of The Hoffman Agency, an international tech and Internet PR firm. Email him at lhoffrnaniahoffman.com AS Chicken Little so articulately put it, "the
      917 words
  • Page 31 Advertisements

  • CAMPUS life
    • 636 32  -  By Melissa Lim The writer is a first-year law student at King's College London LONDON is touted to be one of the most expensive cities in the world, and after having lived in this city for seven months, I couldn't agree more. The bulk of
      636 words
    • 1744 32  -  Rachel oho makes out a rough guide to the costs of a university education in the UK plus living expenses RACHEL ONG IF you aren't confident of getting a scholarship or you have commitment phobia you shy away from saying: "For better or for worse, till
      1,744 words
    • 738 32  -  postfgffn from London w Melissa Lim The writer is a first-year law student at King's College, London. BEING relegated to a minority group is perhaps one of the most significant and difficult transitions to make when the issue of my education away from Singapore comes
      738 words
  • Page 32 Advertisements
    • 152 32 What is Campus Life IIIJHU— It's everything you would want to know about a university ffi€\\\\w\ education, both here and overseas. The issues discussed are what undergraduates face on and around campus, and the writers are mostly "Wlfp^ undergraduates. But while we welcome undergraduates as our regular readers, especially after
      152 words

  • SHIPPING TIMES
    • 291 33 Reuters THE Baltic Dry Index (BDI) fell three points to 1,502, the Baltic Panamax Index (BPI) lost five points to 1,638, the Baltic Handymax Index (BHI) firmed 22 points to and the Baltic Capesize Index (BCI) was down eight points to 1,795. TIME-CHABTER: ♦Meynell (built 1997) 185,767 dwt
      Reuters  -  291 words
    • 305 33 so* 000 IfcrH HI CWT Distribution 0.47 -0.04 16 ChuanHup 0.33 -0.01 406 Cosco Investment 0.17 -0.01 10 Fr*4ght LMu 0.09 -0.01 230 G6 Holding* 0.43 unch 0 IMC HoMlngs-HK —5.60 unch 0 Jay* Holdings 0.15 unch 172 ««*l Corp 124 0.02 309 K*pp*i FELS 0.92 -0.03 262
      305 words
    • 524 33  -  Net loss of US$7 Jm last year dne mainly to impairment loss ofUSs2&sm By: Beth Jinks [SINGAPORE] A net loss of US$7.l million (5512.56 million) masked a year of milestones for Thai-listed common feeder operator Regional Container Lines (RCL) in 2000. The
      FILE PHOTO  -  524 words
    • 255 33  -  From. P T Bangsberg in Manila THE Port of Haiphong, the largest in northern Vietnam, is pledging easier customs clearance after a summit of the government and nearly 500 businesses to discuss improvements. The customs agency says it is instituting 10 principal measures as part
      255 words
    • 121 33 AFP [MANILA] Philippine authorities seized an Indonesian-nagged cargo ship which was hijacked off Singapore and detained seven suspected Indonesian pirates, the coastguard said yesterday. The Inabukwa, which had been repainted and renamed Chugsin, was boarded by the coastguard off the northern Philippine town of Cabugao last
      AFP  -  121 words
    • MARITIME media
      • 940 34 Thanks to satellite news services, those at sea can also enjoy the latest headlines from around the world Inmarsat THE tradition of reading a newspaper with breakfast is probably as universal as, say, starting the day with a cup of tea.
        Inmarsat; FILE PHOTO  -  940 words
    • 183 34 PAGE Appenship S Assets 5 Austral 6 Balaji Shpg 5 BSA 7 B'tang Mas 6 ccm 7 CMACGM 3 COSCO 3 Columbus 6 CSAV 3 It Central Ex 6 Cho Yang S China Shpo 5 Cougar 7 <1 CWT Globelink 7 Delmas 4 Ojak Lloyd 6 Dongnama
      183 words
    • 14430 40 THEBUSINESSTIMES EXPORT TUESDAY, I ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvolre 03/04 00/05 Deimas VILLE D'ANTARES L42* 45-*****44 04/04 12/05 COSCO HOPE 0027* 45-*****00 10/04 15/05 Deimas VILLE DE VIRGO S42* 45-*****44 n/04 24/05 COSCO EMPRESS PHOENIX
      14,430 words
    • SHIPS IN PORT
      • 787 42 Vessel Voy No Berth Arrival Departure C Success 26/03 'S 26/03/7:55 26/03/16.40 Bt Kota Jay2 ***** J01 26/03/8:00 26/03/2040 Sri Baru 1 01-Mar J02 26/03/7:10 26/03/23:00 Winstar 2 036S01 J03 26/03/8 W 26/03/2140 Run Heng KMJ105 J04 26/03/8:20 26/03/2240 Bt 0encipta2 ***** J01 26/03/845 26/03/2340 BayswaterllS M1078 J02
        787 words
      • 1918 42 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/Balance Rstls VoyNo Etb/Btr Ptflod From To From CTUA A onion *****0 amoo *****9 25/1900 a 25/1700 24/0*59 26/0900 21 25/1700 26/0*59 26/0900 J 26/0700 2*0159 2*0400 4 21/1200 2*0459 26/1700 SS 2703*0 i 2VIS00 25/1659 *****0 a 2VT700 26/0659
        1,918 words
      • 186 42 Mar 29 Taiwan: Youth Day. Aprl Australia: Good Friday. Argentina: Good Friday. Apr 12 Argentina: Maundy Thursday. Denmark: Maundy Thursday. Mexico: Holy Thursday. Apr 13 Mexico: Good Friday. New Zealand: Good Friday. Canada: Good Friday. Denmark: Good Friday. Finland: Good Friday. Germany: Good Friday. Ireland: Good Friday. Apr
        186 words
      • 799 42 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem Market movements are indi cated The Cockett Bunker Price Index
        799 words
      • 449 42 Carbon 180 Mai 905.4 2J 13.8 078 194 0.06 Mar 22 Density Mater hiidM Ask Aluminium Sediment No tbovt £25 0 10 110 380 Ave 985.7 0.4 12.8 0.07 22 0.02 Em 380 Mai 990.6 0.9 M.3 0.09 46 0.03 M/w mi «nxx No tbotf G35
        449 words
    • AIR & LAND transport
      • 704 43 Group vying for USs2oob Joint Strike Fighter project, bnilding NASA space telescope Bloomberg [WASHINGTON] Lockheed Martin Corp is competing for at least six big US defence contracts this year. Winning them would help sustain a revival of investor interest in the No
        Bloomberg  -  704 words
      • 467 43 It aims to raise between As3b and As4b: report Bloomberg [SYDNEY] The Australian government was scheduled to discuss plans yesterday for the sale of the country's biggest airport as ministers look for ways to cover budget shortfalls, a newspaper said. Prime Minister John
        Bloomberg; REUTERS  -  467 words
      • 299 43 Firms may have to invest USsloom over 10 years Reuters [MUSCAT] Oman has shortlisted 12 foreign firms and airports for the management and operation of its two airports, a government official said on Sunday. "A list of nearly 70 bidders has been trimmed down
        Reuters  -  299 words
      • 432 43 Reuters [LONDON] Talks between the British government and London's rail supremo over plans to part-privatise the capital's crumbling underground rail network have hit a brick wall, officials on both sides said on Sunday. Bob Kiley, the New York transport expert picked by London Mayor Ken
        Reuters  -  432 words
      • 122 43 AFP [BEIJING] China will build a trial low-speed magnetic levitation train line before constructing the country's first commercial track using the technology in the coastal city of Shanghai, state media reported Saturday. The 425-m trial line, to be located at Qingshan township
        AFP  -  122 words
      • 273 43 Bloomberg [SEOUL] Korean Air Co, South Korea's largest airline, said the move of its international operations to the new Incheon International Airport may raise some costs by up to 32 per cent. It added it filled fewer seats last month than
        Bloomberg  -  273 words
      • LOG Book
        • 156 43 Bloomberg [SHANGHAI] Shandong Airlines Co, one of China's most profitable regional carriers, said it plans to buy five propeller-driven Textron Inc aircraft and lease two more Bombardier Inc mid-range jets. Shandong Air said in a statement it will buy five Textron Cessna 208 Caravans for a
          Bloomberg  -  156 words
        • 126 43 Reuters [KUALA LUMPUR] The cargo arm of Malaysian Airline System (MAS) will offer more capacity with higher frequency and wider coverage for its summer schedules between March 25 and Oct 27, it said on Friday. MAS said the new schedule would focus on three key
          Reuters  -  126 words
        • 116 43 Xinhua [COLOMBO] Russia's Aeroflot pulled out from Sri Lanka on Wednesday, and will be followed by Martinair at the end of the month while AOM French Airlines has also terminated services to Colombo resulting in a total loss of about 1,500 seats per
          Xinhua  -  116 words
      • 1420 43 an mow m matr n» MM« *M229 2230 LM6380 2230 S0229 2230 Aast(r«N S023 0635 6*974 0130 SO333 0745 *1.838 2255 ***** 1455 5024 2335 AirtjMMrivo M012 0645 MM* MKT M» Mm 2255 •KUM M223 1900 ****** 2045 ****** 2045 ***** 2045 S0286 2045 klrMi Gn48
        1,420 words
    • MARITIME & LOGISTICS EDUCATION
      • 1030 44  -  Regional maritime training institutes rise to the challenges of increasing shipping standards. By I P T Bangsberg P T Bangsberg is a freelance writer specialising in transportation. in Manila Ships without competent crew are worse than useless: They are deathtraps. And as ships get more sophisticated,
        1,030 words
      • 1171 45  -  The Philippines got on the STCW White List, but only after two years of hard work. P T Bangsberg Few pieces of paper can have generated as much comment and agony as the "White List". This document contains "magical properties" desperately desired by all countries which provide
        1,171 words
      • 594 46  -  The Singapore Maritime Academy's newest shipping simulator is testament to its commitment to be the centre for maritime training in Singapore. By\ Beth Jinks The world's most advanced integrated shipping simulator centre will be available for maritime training and research at the Singapore Maritime
        594 words
      • 153 46  -  Beth Jinks Ngee Ann Polytechnic offers both a three-year full-time diploma m logistics, engineering and management and a certificate in logistics management The diploma course is conducted by the mechanical engineering, business studies and other departments m the polytechnic It combines the fundamentals of engineering. information technology, telecommuni
        153 words
  • Page 33 Advertisements
    • 396 33 PEOPLE ■■■■I HHBHIH Tan Chew Choon Seng to the senior executive president in May. JL. r A At the same time, senior Michael Tan Chew Choon Seng Huang Cheng Eng vice-president for marketing planning Huang Cheng Eng will be promoted to executive vice-president for marketing and the regions. Retiring on
      396 words
    • 25 33 At sea but still in touch with the news page 2 Lockheed needs big wins to sustain investor interest page 11 Aircraft schedule page 11
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    • 74 33 Jjl CAMBODIA SHIP REGISTRY t§sl "WORLD'S Ist ONUNE VESSEL REGISTRATION" ■pW^p We provide offer. most competitive fees no restriction on nationality of ownership/crew fast and simple one-stop service for registration 24-hour efficient service, 365 days a year up-to-date maritime laws regulations Operational Headquarters c/o Cambodia Shipping Corporation Pte Ltd. 10
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  • Page 34 Advertisements
    • 657 34 I IMPORT "I NORTH AMERICA QULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPRESS (SSX) |QULF KARACHI EXPRESS (QKX) Vtssa VOY IG> SIN '"""I WANG VKSfI VOT JU MM ijjjj [""^UN™" OOdMJTAM WW 10 14/03 01/04 03/04 *TI V»GO 4X 21/03 22/03 24/03 01/04 OOdAJAHKA SOWII 11/03 00/04 10/04 PlO NtDUOTD APAFA 0» M/
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    • 84 34 A r SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 r— JAPAW POWTS Hong Kong ft AM China Pwit (EVERY THUR ft fUH VEMEL] VOY FTP SIN ETATYO ETAKOt ETA YOK ETA NGO ETAOSA MtDTAICHUNG V *****
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    • 779 34 Lines services represented by lf.y."*| Members of the Registry of Accredited Shipping Agents, jy Singapore Shipping Association g ULY UNE MALI vtssa voy [Hi [IS m P. KUNG STORE MALI Princess Lily VO3Ol 06/04 07/04 14/04 Empress Lily VO4Ol 19/04 20/04 27/04 Princess Lily VO4Ol 03/05 04/05 11/05 I ULY
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    • 6 34 Members of the Singapore Logistics Association
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  • Page 35 Advertisements
    • 1201 35 SAX SERVICE (DIRECT) VESSEL VOY SIM ETA lAX OAK DM HOU CM COt MM ATI NYC Art SARDONYX 0261 17/01 01/02 05/02 05/02 05/02 05/02 05/02 05/02 06/02 04/02 Art TURQUOISE 0401 24/01 01/02 12/02 12/02 12/02 ***** 12/02 ItyM 13/02 13/02 Art JADI 026E 01/02 15/02 19/02 19/02 19/02
      1,201 words
    • 1650 35 TO AMR} T/Ti t MTf 1 JEMAfI T/Tlll MVS I AQABA J T/T 113 MTS Jim im S^^ffWJUQ*' 7 00 SSBfflLn FU:2 £«m!//« —MM°" KI TiL 07-*****44 FAX: 07-*****70 COSTAR SNIPPING PTE LTD SSSf JSHr 2M5325/75 PORT RUNG 03-*****433 03-*****444 a MO; **********0 M HL *****00 (MAIN) «JJM (D/ 0)
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    • 390 35 Ivssa «ssa w sm jkt su» WTCCEWG 104S 12S/03 IZ7/831 IOM 121/03 I 01/D4 QVM 110/04 lOk/MIOt/M 112 Ml ttL& -KBtiiifc iwaro z/flo_io«_gp MKJffilfi U2S M/P4 M/D4 (MM OfllSKtfHE 0125 30/03 04/04 00/04 14/04 10/04 11/04 IMKiAIMtt !41i «/04 KMTC niSAM IOSS 04/WIV® 13^4 *g UIT 0421 31/03 04/04 04/04
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  • Page 36 Advertisements
    • 1318 36 SENATOR LINES TOmtOPK TO MNXXf EAST/RAN/RED SIA «ssa vot sm um w m ham kv fu Ivtssa Tvor sat u du lis mm nKwuMsauTO* ooisw n.ai o*.oo o/m mm is.o4 u.04 17.04 amoof 001 jw nu hoi um «7m mm MAUN (BUNK OOTOW tIM 1104 I*M II.M 13.04 14.04 NAJKAM
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    • 950 36 WLAM MAC-NELS S PORE M'SIA Carrier MM COWTR LW£S, INC pgudang: (07)*****26 I -1\"/ J CWMOHiinrilßW SBU: (064) *****9 MANR-A: (632) *****24 PENANG: (04) *****38 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P- KELAWG: (03) *****77 JKT: (21) *****45 KUCHHQ (082) *****1-3 SURABAYA HAIPONG MV SINAR AMBON V.017 MV "MEUNH" V.OBN
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    • 528 36 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS H SHEVA (CO MULUNO MUMSAJ)' COCHM COLOMBO ALSO ACCfPTMG TO ALL NORTHERN ANO WESTERN ICO POWTS Vessel VOY S PORE N SHEVA COCHIN COLOMBO PKLAMC PU GLORY II7W 01 APfl It APR 13 APR If APB 20 APR TULSIOAS 140 MAPR 17 APR 20
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  • Page 37 Advertisements
    • 1620 37 IVtSStL VOY KHH HKO I SIN PKL DXB BAB PMM PSR IRAN ISFAHAN PCL-200 27/03 28/03 31/03 01/04 08/04 ***** fT7O4 13/04 •RAN HORMOZGAN PCL-201 03/04 04/04 07/04 08/04 13/04 16/04 18/04 20/04 IRAN TEHRAN PCL-202 10/04 11/04 14/04 IS/04 22/04 23/04 25/04 27/04 IRAN TABATABAEI PCL-203 17/04 18/04 21/04
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    • 349 37 I Loading tor OCEAN ISLAND RDM/ATW/BMN/UK I TAHARA RDM/ATW/BMN/UK I Loads Sngapore, E7W Mafayaa. Indoneaa I Loading for SAFEER JOVAQA/DMT EVDOXIA HDD/JOVAQA VI HELLAS DBI/ABU/DOH/BRN/DMM/KWT SUN ACE DBI/ABU/DOH/BRN/DMM/KWT CORALI D6I/ABU/DOH/BRN/DMM/KWT YA LATIF DBVABU/DOH/BRN/DMM/KWT PAUL X JOVAOA/DMT 'Loads Singapore. E7W Malaysia Indonesia I Loading for 1 OCEAN GOLD CAM/NFK/SAV/NOL I NATS
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    • 1514 37 j EUROPI EXPtESS SiKVICi EXPORT IMPORT VHSa vor m .UH RT« ANP HA# PHV FU VfSHL ~VOT "I™ HA* HI <^w rUSAWStN 01 rw 27.03.t3M IS. 04 16 04 17 04 l«04'H J O4 HJ WNfVA 00?f 04 03 H;04 2V04; 74/04 2S/04; 2 *:.04 HJ OSLO Oljj 04 04
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  • Page 38 Advertisements
    • 1082 38 I- gA/iWOPt SERVICES r wbme "«r ioo Ivwiots nu h» mv w m MEOCBBQO3W M/W 13/TXjlVwjl7/P4 11/04 ~IMM M* WAYM* (MM!# OHM ~7mTWiW 2MM12V04 27/04 21AM 3CVO4 nam jvw 27/W2i/o»oiA)5 am dm am ozais "owioot* joah HwwftjMs ms omb ijak ims iyos mum 2IAH IIA» lypsnyps \m ims im lIAIS
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    • 970 38 MWOICOMW TA HWIT/UIM CWAMWO JAKARTA/PAMJAMQ SStl VOT |SW fw ITT II CM VtSSEI VQT 1 ii I JKT 1 PJW MMim- a 21/03 01 04 38/03 MTttUS 474S 71/03 01/04 30/03 mmutHuw- sow n. 03 31/03 wamun «?ss 31/03 03 04 MUM IHUM Mm 78/03 01/04 3103 UAO "f 0»l
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    • 66 38 tvmm linkr sitirriNd pte ltd f(*\" 10 ANSON ROAD. 17-01 INTERNATIONAL PI AAA. SINGAPORE 0207 AT TEL: *****.11(20 UNESI TELEX: RS ***** LSSIIIP ft FAX: *****13 ETA SIN ETA DUBAI 1/4 10/4 8/4 ig 4 15/4 28/4 MIDDLE EAST PORTS ▼fjfif DI IAI. D AMMAN. KIWAIT. lAUIAIV DOHA. JGCV- RIYADH
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    • 532 38 INDONESIA NATIONAL LINE TO AUSTRALIA FULL COtfTAIMEB SERVICE vs _WT m sw w x sw> |MM tt AM |wi WM>MBA« rn P/04H/04 13/04 IS/M 17/04 »/04 ,VO,T *s "/W I*/M H/04 M/ 04 17/04 tu_ u/04 17/ m p/oi »/0« pi/is iiTe "TC*" O/MIJ/M »/M 04/05 01/0$ n/OJ FEEDER SERVICE
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  • Page 39 Advertisements
    • 409 39 BSfl a S HSI e I!=IBTVSWSTS3 I VSH^^^ Mft MYANMA wBBk FIVE STAR UNE (Myanmor Notioaal Line) Loading for Yangon VESSH VOT SIN PKI PEN PGU •AGO 118W SU) MONG U 43W SU) MALAYSIA AGENTS: 80USTEAD SHTPMG AGENCIES KUL TH 03-*****00 PKL HI 03-*****101 Kit TH 04-*****01 PGU: TH 07-*****21/4
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    • 1252 39 JHYUNDAI MERCHANT MARINE CO., LTD. ivesa vot a sou i ibi i rtm ant I ham Imv vessh vor sou la I rtm ant ham Imvl UU APLFRANQ 031W 22/03 09/04 14/04 11/04 11/04 HTRMM *3291 04/03 21/02 01/83"03/03 M/M MC*. ADVANTAGE 001W 23/03 13/04 14/04 11/04 10/04 NOLMOSB V.53M
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    • 945 39 vOtw WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE* ivessei vor kmip height sin ik- mo mm say mi oof hyc new wot 1122* JSIJi JSI*" M/0S 07/05 09/05 ~/0S 12/05 U/ 05 IS/05 10/ of 400T«W 6.3 M 09/04 16/05 19/05 21/05 23/05 24/05 26/05 29/05
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  • Page 42 Miscellaneous
    • 130 42 ill' 111 1 *1 TA 10DE 11DE i?S LEGEND: Issued by Meteorological Service Singapore R1 Thunderstorm ■ty Showers A Ram emperature Wind direction and speed in knots Cloudy Day VWoa,h,! X 3 Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds
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  • Page 44 Advertisements
    • 601 44 Singapore Maritime Academy siyfs\ Singapore Polytechnic 500 Dover Road, Singapore *****1 Tel: 772 1316 Fax: 772 1958 E-mail: sma@sp.edu.sg Singapore MiritilM Acatftmy STCW Short Courses *"N°- Courses Fees SJ («igst) Course Dates in 2001 Sr. No. Courses Fees S$ c«d.GS7) Course Dates in 2001 MMIVH l-looi i) 111| 11WH F
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  • Page 45 Advertisements
    • 224 45 Integrated Solutions for Total Enterprise Automation A full value-packed programme comprising a duster of three showcases k The 7th Intemational MKb A Industrial Automation that will present you with Exhibition A solutions demonstration on the complete integration of manufacturing, process and control automation, logistics and distribution. A platform for manufacturers
      224 words
    • 331 45 gQgj Nanyang Technological University School of Mechanical and Production Engineering jointly with School of Civil and Structural Engineering, X. School of Electrical and Electronic Engineering and Nanyang Business School and in collaboration with Rotterdam School of Management, '•«««11 firtuTivr tivnoraivT Erasmus University Rotterdam, The Netherlands Executive Programme in Global Supply
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  • Page 46 Advertisements
    • 227 46 r > |gfc| Australian Maritime College (AMQ And Institute Of Shipping Management (ISM) (Australia's Premier Maritime Institution) (A Professional Body estb 1977) Invite applications for the following courses: Entry Requirements For A: Ist Degree in Business or associated discipline. Or Master Mariner, Class 1 or engineer Class 1 with extensive
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    • 162 46 Well-proven Quality Course Since 1986 Next Intake July 2001 TRANSPORT LOGISTICS DECREE For All Graduates of polytechnics and other institutions approved by RMIT BACHELOR OF BUSINESS TRANSPORT LOGISTICS MANAGEMENT •RMIT UNIVERSITY in co-operation with THE CHARTERED INSTITUTE OF TRANSPORT SINGAPORE FOR MORE INFORMATION, CALL The Programme Manager do Alberton Management
      162 words