The Business Times, 5 April 2001

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Total Pages: 46
1 46 The Business Times
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  • Title Section
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    19 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SIN'GA P 0 R E Internet: http://business-times.asial .com.sg/ THURSDAY. APRIL 5, 2001 85C
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  • Article
    Lock icon MARKET SUMMARY
    80 1 sn 1,62L99 (-22.12) BT-SRI 663.62 (-8.88) ST INDEX IVTUItES 1,625.00 (-26.00) smsd FUTURES 207.40 (-2.60) STOCK MAAEET INDICES Wednesday Change KLSE COMP ***** 38.91 NIKKEI 225 *****.78 +lia31 HANG SENG 12,063.71 520.51 SET INDEX 279.16 -6.41 JAKARTA COMP 367.41 -554 MANILA COMP 1,452.15 -0.11 TAIPEI WPI 5,405.87 4057
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  • Article
    Lock icon FINANCE
    78 1 FOREX RATES US$ (SS per USS) 1.816 £(USS/SS per 1.430 2.597 EURO(L'S$/SS/E) 0.894 1.624 DM 2.187 1-205 YEN 126.0 69.40 RM 3.800 2.093 HK$ 7.799 4.295 BAHT 45.44 25.02 RLTIAH 10,565 5,818 *S$ to 100 units PRIME BATES SINGAPORE* 5.80 Kl'ALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.00
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  • Article
    Lock icon M1 shareholders say they may cash out
    783 1  -  Mobile phone operator needs to be part of bigger global operation: analysts By' Teh Hooi Ling [SINGAPORE] In an unexpected announcement yesterday, the shareholders of Mobile One Singapore Press Holdings, Keppel T&T and Cable Wireless pic said they were in talks that could
    783 words
  • Article
    Lock icon KLSE battered by ringgit devaluation fears
    583 1  -  Speculation on likely re-pegging grows, despite repeated denials by Dr M From Eddie Toh in Kuala Lumpur THE Malaysian stock market took a severe beating yesterday on renewed fears the government would devalue the ringgit, even though Prime Minister Mahathir Mohamad has assured repeatedly
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  • Article
    Lock icon Kim Eng confirms talks to buy Ong Asia
    648 1  -  -II exclusive It is also eyeing an alliance with a major regional broker By] Ling Su Ann [SINGAPORE] In a bid to be one of the few surviving "me-ga-brokers" in Singapore, listed Kim Eng Holdings confirmed yesterday it is in talks to
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      56 1 inside US-China tensions Both sides have too much to lose: fund managers. Pg3 Cold War memories. Pg 10 Standoff deepens. Pg 16 Top Stories Dotcom poster boy Third Voice shuts site. Next Page No arbitrage in SingTel-Optus deal, says Morgan Stanley. Pg 4 BT Comment When wireless 'halfway house' could
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      78 1 i j?33f-j' f B■;"*£•%\ t':j,'il *1:..: Kk.!; '4-.:' Small depositors in Hoti p Ikon ?> "P inarms I UGIgIYCHI .z" small accounts P S 13 j V CGDc Of COtffOßATfc GOvTRNANCE" I v* 0 New ruling for listed companies J otjjk fP* Next Page V <. j|™"" jMj^^r IN 65/737
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      14 1 -—or% p H^V i consultants 7 views Fewer land sales t 1 lit. 'V
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  • NEXT page
    • Article
      Lock icon Japan's support package deferred
      638 2  -  Bat no shock to market as investors see need for one-day delay to iron out problems From. Anthony Rowley in Tokyo THE Japanese government yesterday delayed till tomorrow the announcement of a keenly anticipated package of financial system supports. But after the initial disappointment, investors appeared
      638 words
    • ON THE grapevine
      • Article
        Lock icon Silence of the calves
        62 2 A COLLEAGUE in New York came across this bit of news flashed across the electronic board outside Rupert Murdoch's Fox Corporation office in New York: "Burger King said it would act humanely towards animals that go into its patties. The animals will be stunned before they
        62 words
      • Article, Illustration
        Lock icon King for a day
        145 2 HERE'S your chance to live like royalty even if it's only for an hour or a day. The Royal Plaza on Scotts has opened up its Royal Wing, the floor which was previously closed to the public as it was the private residence of members of
        145 words
    • Article
      Lock icon Governance code: departure OK but must be justified
      881 2  -  By Ven Sreenivasan LISTED companies will have to disclose their corporate governance practices and explain elements that do not comply with the new Code of Corporate Governance from January 2003 onwards. The disclosure requirement will be included in the Singapore Exchange's Listing
      881 words
    • Article
      Lock icon Dotcom poster boy Third Voice goes silent
      398 2  -  Website shutdown follows failure by Silicon-based firm to raise new fonds From, Jennifer Lien in Silicon Valley THIRD Voice, the Singapor-ean-founded dotcom poster boy in Silicon Valley, shut down its Web site early this week after failing to raise new funds. The company's
      398 words
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  • US-CHINA tensions
    • Article, Illustration
      Lock icon Spy plane crisis drives more HK investors to the sidelines
      716 3  -  Qing Ming holiday and Wall St plunge lead to 6% fell in Hang Seng From Quak Hiang Whai in Hongkong FEARS of worsening relations between US and China over the spy plane crisis pushed more investors to the sidelines yesterday,
      Source: Bloomberg  -  716 words
    • Article, Illustration
      Lock icon Both sides have too much to lose, say fund managers
      746 3 They say long-term views will prevail given China's need for investment and US need for cheap labour Reuters [HONGKONG] Investors in Asia are watching anxiously as a diplomatic standoff drags on between Beijing and Washington, but fund managers say both
      Reuters; AP  -  746 words
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      185 3 111 ■COPTHORNE HARBOUR VIEW HOTEL SINGAPORE "It's thefifth day in a row that Mr Smith of Room 128 has ordered dinner through room service..." Ai,•%*-»&&' •II riTmnfiiffiiMl We're not surprised. There are more compelling reasons to stay in our newly refurbished rooms which allow you the freedom and space to
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      15 3 China-US tension* bring back Cold War memories, Pg 10 US refuses to apologise, Pg 16
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  • SINGAPORE companies
    • Article
      Lock icon No arbitrage in Optus deal: Morgan Stanley
      588 4  -  SingTel's financial adviser defends structure of deal By< Angela Tan THE arbitrage that supposedly sank Singapore Telecommunications shares after the announcement of its multi-billion-dollar offer for Australia's Cable Wireless Optus did not exist, Morgan Stanley Singapore's chief executive Michael Dee said yesterday. "Let's
      588 words
    • Article
      Lock icon Optus sale comes under scrutiny
      106 4 Reuters [CANBERRA] The Australian government said yesterday it was investigating the security implications of the proposed takeover of Cable Wireless Optus Ltd by Singapore Telecommunications Ltd for Optus's satellite joint venture with the Australian Defence Force (ADF). "The government recognises that satellite communications are an
      Reuters  -  106 words
    • Article, Illustration
      Lock icon Semiconductor stocks sink to new lows
      595 4  -  US stock plunge hits Singapore chip and chip-related shares By, Andrew Wee SEMICONDUCTOR stocks plummeted further yesterday, dampened by the continued falls in US stock markets. Shares of Chartered Semiconductor Manufacturing fell below $4 for the first time yesterday and slumped to a low
      Source: Bloomberg  -  595 words
    • Article
      Lock icon Asiatravel.com IPO: high fees but where is the value-added?
      798 4  -  locksiew r sivanithy THE latest company to apply for a listing on Sesdaq is Asiatravel.com which, as its name implies, is an Internet-based travel agent. On Tuesday, the firm announced that its initial public offering (IPO) will be made up fully
      798 words
    • Article, Illustration
      Lock icon S'pore, HK banks offer value, says Swiss Re unit
      420 5  -  Financial services arm Fox-Pitt, Kelton opens Asian office in Hongkong By\ Siow Li Sen ASIAN banks, and especially those in Singapore and Hongkong, offer value even in an environment where economies are weakening, loans are anaemic and margins are under pressure,
      420 words
    • Article
      Lock icon Goldman Sachs to review its full-year forecast for SIA
      216 5 Reuters GOLDMAN Sachs said yesterday it would review its full-year forecasts for Singapore Airlines (SIA) following weaker-than-expected operating numbers for February. SIA said on Tuesday its overall load factor in February came to 69.8 per cent, a half-point fall compared with
      Reuters  -  216 words
    • Article, Illustration
      Lock icon $76m-$80m seen for ST Engg's Q1
      550 5  -  This assumes ST Marine books earnings from landing ship tank By. David Boey ANALYSTS expect ST Engineering (ST Gngg) to post net earnings of between $76 million and $80 million when the mainboard-listed defence technology group unveils its first quarter 2001 results next Monday.
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      441 4 PVCEfiffI&HOUstfCDPERS B In a dynamic business environment, it is important to take a fresh look at regulations and assess its impact on banking operations. This seminar will address banking regulations and current interpretation of banking laws and systems of internal control that should exist to ensure compliance with these regulations.
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      16 5 94 AQUARIUM Net the best catch of the day here. fi |cat&| The Straits Times Classified
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      135 5 generation business Our C2T technology removes 282 connectors, S3 cables and up to PP Nbri t t b b l xSeries 330 with C2T Competitors without C2T xSeries 330 IBM Cable Chaining Technology (C2T) Intel 9 Pentium 111 processor 800MHz/256kb L 2 cache (up to Intel Pentium 111 processor IGhlz/256kb
      135 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Signs of blue-chip baying as tech stocks take another hit
      590 6  -  •J* comment STOCKS r. sivanithy Technology issues suffered another drubbing yesterday after Nasdaq's 6 per cent collapse overnight. But encouraging signs of support for blue chips such as the banks and Singapore Press Holdings helped minimise the loss in the
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    • Article
      Lock icon Untitled
      297 6 PacfficCenturylOc *****,000 SingTel 15c 28,155,000 Frontline 5c 17/444,000 Golden AgiUSlOc 12,972,000 Chart Semiconductor 26c 9,894,000 GESWIUd20c 8,522,000 pa 25c 6,303,000 Omni Ind 10c 6,133,000 Victors Capital 25c 4,826,000 FHTKHWgs20c 3,969,000 Stecte SingTel 15c 51.433.722 Chart Semiconductor 26c 38.680.520 0C8C 30.164.612 OatacraftlOc 29.453.388 DBSGrp 25,570,181 UOB 21,*****4 SIA 21,000,196 VentureM%2Sc 19,987,400
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    • Article, Illustration
      Lock icon DB's DBS call: tread with care
      190 6  -  WARRANT WATCH By R Sivanithy A PLAY that is developing on Deutsche Bank's covered call on DBS Group's shares may interest high-risk punters. In a nutshell, the warrant is now trading at a conversion discount and with time fast running out, the question has
      190 words
    • Article, Illustration
      Lock icon Gul Tech could sink further
      213 6  -  HOT STOCK By' Ven Sreenivasan THE stock price of Gul Technologies is languishing at its lowest level since the end of the 1998 Asian financial crisis. The counter closed 1.5 cents lower at 48.5 cents yesterday, as 461,000 shares changed hands. Volume was way down
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    • Article, Illustration
      Lock icon US$ alternatives gain on Wall Street worries
      561 6  -  -j«comment CURRENCIES Dew's ability to hold above key 9,400 mark could decide American unit's next move lanry wee WALL Street's latest overnight fall allowed greenback alternatives some respite in Asian trading yesterday, even if Asian units remained largely unloved. And the Dow's ability
      Source: Reuters  -  561 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2546 6 UNIT TRUSTS FUNDS Manager's prices (Ss):Apr 5 Abardaaw Asset Mgt Asia Lid Aberdeen Select Portfolio: Global MNCFd 0.724 0.762 Global Technology Fd!** 0.566 0.596 UK Blue Chip Fd!** 0.731 0.769 American Opport Fd 0.811 0.852 Cont Euro Eqty Fd!** 1.010 1.061 Japan EqtyFd!** 1.187 1.247 Asian Fixed Income Fd 1.100
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      413 7 bL T Jl P •■^->™BB^»hSPR > *^W^BEPI!^RR,' C-*B^M B &iftir W r' --< isfW yK- -w V .r^dS*^^ > v. >t -s;' '%^^<>' i#/#3k ki J j| I H IB A f» HBW^f# I v H I w 1H WjMM I Sk vHS 1 VH| isp" Jp -J? \jr 'vv.
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Govt accepts in full corporate governance panel's report
      369 8  -  ASIAN ROUNDTABLE ON CORPORATE GOVERNANCE Listed firms required to disclose their practices and explain deviations Reports by Ven Sreenivasan THE Singapore government has accepted all the recommendations made by the Corporate Governance Committee (CGC) in its final report, said Finance Minister Richard
      AFP  -  369 words
    • Article, Illustration
      Lock icon Lim produces surprise new document
      634 8  -  RAFFLES TOWN CLUB SAG A It shows shareholding of 40% for plaintiff Peter Lim, used for loan payments and other transactions By Conrad Raj RAFFLES Town Club and Europa Holdings' chairman Lawrence Ang was yesterday forced to concede that for loan payments, consultancy fees and
      FILE PHOTOS  -  634 words
    • Article, Illustration
      Lock icon Quick rebound slows Asia's corporate governance reforms
      370 8 Impending slowdown could hamper thing? farther: OECD exec ASIA'S quick rebound from the 1997-98 economic crisis created complacency and has slowed progress towards much-needed reforms to improve corporate governance and transparency, says a development chief. Seiichi Kondo, deputy secretary-general of the Organisation for
      AFP  -  370 words
    • Article
      Lock icon Inflation to rise to 1.5% in 2001: MAS
      360 8 I =*'< 3 on the economy inflation RISING labour costs will heighten domestic price pressures this year, says the Monetary Authority of Singapore (MAS) in its latest economic bulletin. This would be in stark contrast to the scenario last year when imported
      360 words
    • Article
      Lock icon Ad blitz by 10 to promote the Singapore Intelligence Centre
      283 8  -  Bid to reach ont to global meetings and conventions market Liew Hanqing TEN local entities are joining forces in an advertising campaign to promote Singapore's fully integrated "events infrastructure" the Singapore Intelligence Centre to the global meetings and conventions market.
      283 words
    • Article
      Lock icon More expats taking chances here: outplacement consultant
      649 9  -  But they face more challenge as local exec talent pool has expanded By\ Siow Li Sen MORE expatriates are opting to take their chances in the job market here, instead of going home to a position waiting for them, said outplacement consultant David
      649 words
    • Article, Illustration
      Lock icon Review Optus deal, SingTel
      295 9  -  Denis Distant Singapore via Internet I REFER to your article "Sing Tel denies all-cash offer for Optus" (BT, April 4) by Conrad Raj which quoted SingTel's CEO commenting, inter alia: "We think that based on the announcement date, the prices were reasonable and were actually below
      FILE PHOTO  -  295 words
    • Article
      Lock icon Arbitrageurs?No, they are speculators
      211 9  -  Chong Wee Lee Singapore, via Internet THE recent hammering of both Sing Tel and Optus shares is not arbitraging. It is complete irrationality. Either the Sing Tel sellers are right or the Optus sellers are right, so someone must have made a wrong turn somewhere, if
      211 words
    • Article
      Lock icon Large RTC membership a boon
      444 9  -  T H Khong Singapore I AM a member of the Raffles Town Club. Having heard the concerns of fellow members through the press and being in business, I can understand the problem but I can't say that I agree with them. I believe that the
      444 words
    • Article
      Lock icon Key role of the remisier often ignored
      409 9  -  Loh Kin Poh Singapore, via Internet I REFER to your recent reports from the interview with Deputy Prime Minister Lee Hsien Loong, in particular on remisiers and the stockbroking industry. I became a remisier in January 1995. Before that, I spent 10 years
      409 words
    • Article, Illustration
      Lock icon Nets cashcards to double as loyally cards
      269 9 This follows Cool-Perksxom partnership agreement with Nets CASHCARDS can now double as loyalty cards with the official launch of Cool-Perks.com Pte Ltd and its signing of a partnership agreement yesterday with Network for Electronic Transfers Singapore (Nets). Cool-Perks.com offers a loyalty programme which
      RICHARD CHNG  -  269 words
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      60 9 We welcome letters. E-mailusat btletterQsph.com.sg or fax us at *****71, orwriteto: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear inmind libel laws. We reserve the right
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      177 9 PROPERTIES The Straits Times Classified. Classifications 402 568. ySf Buy H. Sdlk. Fktdh. Enlightening. Inspiring. That's just the courses. Wait until you meet the faculty. Hong Kong > Competitive Marketing: Strategy Tactics May 7-11,2001 > Rnance tor the Non-financial Manager May7-11,200l > Advanced Finance tor the Non-financial May 14-18,2001 L
      177 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Stockprices may be falling, the sky isn't
      721 10  -  OPINION ■ilTql bottom line robert reno LAT-WP CHANCES are you've felt the blast of media stock-market commentary —some of it worthless, some of it self-serving, some of it blatant corporate propaganda and most of it of dubious value that has accompanied the convulsions
      LAT-WP  -  721 words
    • Article
      Lock icon IN OTHER WORDS
      152 10 "It becomes a big public-relations game for all of these companies. Nobody wants to be seen as panicking. Everybody wants to make it sound like they're not going overboard and being first" Jndah Krarahaar an analyst with Merrill Lynch, after Citigroup became the latest Wall Streetfirm to
      152 words
    • Article
      Lock icon Dr M's economic medicine
      671 10 EDITORIAL HOT on the heels of a pre-emptive pumppriming package for the economy, Prime Minister Mahathir Mohamad this week unveiled the plan for the second phase of his vision of a developed Malaysia by 2020. The RM3 billion (Ssl.4 billion) stimulus package has an immediate target:
      671 words
    • Article, Illustration
      Lock icon China-US tensions bring back Cold War memories
      1077 10  -  The spy plane incident has all the makings of a crisis that conld spiral into a full confrontation From. Leon Hadar The writer is BT's Washington correspondent. in Washington WITH the growing diplomatic and military tensions between Beijing and Washington over the spy
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    • Article
      Lock icon Hyundai rescue only the first step
      921 10  -  COMMENTARY Korea still has a long way to go in breaking np the chaebol By] Patrick Smith Bloomberg THERE goes the Hyundai Group as we know it. The announcement late last week that creditors would rescue Hyundai Engineering and Construction Co (HEC), the group's
      Bloomberg  -  921 words
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  • MALAYSIA news
    • Article
      Lock icon M'sian trade surplus widens
      387 11 KUALA LUMPUR Feb imports fall on manufacturers' fears over US slowdown AP, Bloomberg, Reuters MALAYSIA'S trade surplus in February widened compared to a year earlier, but mostly because of a fall in imports which indicates manufacturers are worried about the US economic slowdown. The February trade
      AP,; Bloomberg,; Reuters  -  387 words
    • Article
      Lock icon 15,000 M'sian workers lose jobs as US slows
      154 11 KUALA LUMPUR AP ABOUT 15,000 Malaysian workers have been laid off since October, mainly because of the slowing US economy, a Cabinet official said yesterday. Human Resources Minister Fong Chan Onn said 80 per cent of these workers were from the electronics
      AP  -  154 words
    • Article
      Lock icon Conoco set to continue expanding in M'sia
      281 11 KUALALUMPUR It expects dispute with local companies to be resolved Bloomberg CONOCO Inc, the fourth-larg-est oil company in the US, said its plan to expand in Malaysia has not changed since the government put a hold on foreign oil companies opening new gasoline
      Bloomberg  -  281 words
    • Article, Illustration
      Lock icon Anwar attends his mother's funeral
      296 11 AP [KUALA LUMPUR] To cheers from more than 1,000 supporters, jailed Malaysian politician Anwar Ibrahim was allowed to go to his house and to a cemetery yesterday to pay final respects to his dead mother. The visit to his home—conducted under a heavily armed escort
      AP; AFP  -  296 words
    • Article
      Lock icon Renong cuts new deal with Ho Hup
      327 11 KUALA LUMPUR Its Prolink unit will nowselljiist9lhaof land for RMBO.9m Bloomberg RENONG Bhd, Malaysia's biggest industrial group, yesterday said it would seU one fifth of the land it had originaUy agreed to seU to Ho Hup Construction Company Bhd five years ago, underscoring
      Bloomberg  -  327 words
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      28 11 Letter and memo writing Report Writing Minutes Writing Business English We also conduct Correspondence courses for these programmes. Contact: TViLife Communications Tel: 581-0970 Fax: 581-7902 Email: merceKlpacific.net. sg
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      202 11 c Si/iaaf>ore /iif "lines presents I Singapore International Festival BL k H X Vanessa Rubin —mm,! o^o^ 18-20 May 2001,'Suntec City/Singapore International Convention Exhibition Centre 18th May BIG BAND SOUNDS The Thomson Big Band featuring Ernie Watts and Eldee Young. The Woody Herman Orchestra with Guest Star Vanessa Rubin 19th
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  • REGIONAL news
    • Article, Illustration
      Lock icon Rupiah reels, ignoring intervention warning
      552 12  -  CURRENCY JITTERS Indon currency falls from 10,460 to 10,635 against US$ as political, economic woes worsen From I Shoeb Kagda in Jakarta INDONESIA'S worsening economic and political situation sent the rupiah reeling yesterday, provoking an immediate response from the government which said that it would
      AFP  -  552 words
    • Article
      Lock icon Thai finance minister says baht hit by external factors, denies intervention
      485 12  -  From Harish Mehta in Bangkok THAI Finance Minister Somkid Jatusripitak said yesterday that external factors, not domestic problems, were driving down the baht, and denied rumours that the Bank of Thailand had intervened on Tuesday to defend the currency
      485 words
    • Article, Illustration
      Lock icon Can KL hold on to ringgit peg?
      847 12  -  l I comment ASEAN Change unlikely before Umno elections In June yang razali kassim A MALAYSIAN company has been planning to set up operations in a technology park outside Kuala Lumpur. But out of the blue, it recently went back to the drawing
      847 words
    • Article
      Lock icon Search for currency swap pact begins
      127 12 Reuters [KUALA LUMPUR] Senior finance officials from Southeast Asia met yesterday to search for consensus on creating a regional web of currency swaps to ward off future financial crises. "There are still some major differences to be sorted out. There is much to be
      Reuters  -  127 words
    • Article, Illustration
      Lock icon Thaksin selectively targeted: defence
      551 12  -  THAKSDT TRIAL NCCC subcommittee created with undue haste, lawyers charge From] Harish Mehta in Bangkok EMBATTLED Prime Minister Thaksin Shinawatra's team of lawyers attempted to punch holes in an explosive case brought against the newly elected leader who faces charges of intentionally hiding assets worth 4.54
      REUTERS  -  551 words
    • Article
      Lock icon JP Morgan emerges as top adviser for mergers in Asia
      387 13 HONGKONG Bloomberg JP Morgan Chase Co beat Morgan Stanley Dean Witter Co and Merrill Lynch Co to be top adviser on announced mergers and acquisitions in Asia outside Japan in the first quarter, according to Bloomberg data. All three advised
      Bloomberg  -  387 words
    • NOTEBook
      • Article
        Lock icon Lower business tax for China banks
        68 13 Bloomberg [SHANGHAI] China's Ministry of Finance said the business tax for domestic financial institutions will be cut to 5 per cent from 8 per cent, though the reduction may be too modest to narrow the gap with foreign competitors who pay less tax. The
        Bloomberg  -  68 words
      • Article
        Lock icon China mollis greater investor protection
        77 13 AFX-Asia [BEIJING] China's proposed investment fund law may include clauses forcing fund managers and custodian banks to pay compensation to investors for any financial losses incurred as a result of the mistakes or misconduct of these institutions, Li Yining, head of the law's drafting panel,
        AFX-Asia  -  77 words
      • Article
        Lock icon Magazine disputes Taiwan jobless rate
        102 13 Bloomberg [TAIPEI] Taiwan's real jobless rate is 8.4 per cent, more than double the government's official figure, according to a survey published in Biznews magazine. The official jobless rate rose in February to a record 3.7 per cent as companies moved production to China and
        Bloomberg  -  102 words
    • Article, Illustration
      Lock icon HSBC slammed for plans to charge small accounts
      732 13  -  Survey says 45% may switch banks, 70% moll closing accounts altogether Fromi Audrey Tan in Hongkong SMALL depositors in Hongkong are up in arms over HSBC's plan to charge a monthly HK$4O (559.30) fee on savings accounts below HK$5,OOO from July, with
      732 words
    • Article
      Lock icon 2 lawyers get jail for Nina Wang blackmail
      325 13  -  The two had tried to get HKslom from businesswoman over 'forged' will Front Quak Hiang Whai in Hongkong TWO Hongkong lawyers were jailed yesterday for extorting HK$lO million (552.3 million) from well-known businesswoman Nina Wang, the chairman of Hongkong's Chinachem Group, and
      325 words
    • Article
      Lock icon China See's A-share listing plan
      133 13 BEIJING Reuters CHINA Securities Co, one of the nation's leading brokerages, plans to list domestic A shares and acquire smaller rivals to support expansion, a senior company official said yesterday. "We are working on an Ashare listing," Ling Xinyuan, executive vice-president of China Securities, told
      Reuters  -  133 words
    • Article
      Lock icon Eight corruption charges filed against Estrada
      424 13  -  He is accused of amassing 4b pesos in ill-gotten wealth From. Al Labita in Manila GOVERNMENT prosecutors yesterday filed eight charges of corruption involving four billion pesos (Ssl4s million) against disgraced Philippine president Joseph Estrada in a special anti-graft court. The charges which are
      424 words
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      92 12 Since 1975 our worldwide staff of over 275 multi-disciplined professionals \j£ W m including lawyers, chartered accountants. i K chartered secretaries and bankers have jB J k V provided confidential and cost effective jj company formation in all the major low Mk iffljHJj!? tax areas including: f fQSPMk m n
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      33 12 Contact: TriLife Communications Fax:sBl-7902 Email: mercetOpacific.netsg Id=J=IHH If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call CJLT.S. at 1800-737-1166. t Another Classified Service
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  • e-NEWS
    • Article
      Lock icon Hard knocks for US software firms
      518 14 TECHEPm NEW YORK Stock market gives them a pounding after their profit warnings Reuters IT'S likely to get worse before it gets better for software companies whose stocks got hammered on Tuesday after a slew of earnings warnings, industry analysts said. "I would think
      Reuters  -  518 words
    • Article
      Lock icon VC funding drops by half in Q1
      224 14 SAN FRANCISCO AFP VENTURE capital funding, the lifeblood of technology companies, dropped nearly 50 per cent in the first quarter of2ool compared with the same period last year, says Venture Wire, which tracks such investments. Analysts believe its a sign that backers of
      AFP  -  224 words
    • Article
      Lock icon Microsoft, HP agree to settle misleading ad charge
      408 14 WASHINGTON They will make clear Jornada PC doesn't automatically connect to the Net Bloomberg MICROSOFT Corp and Hew-lett-Packard Co have agreed to settle a deceptive advertising charge by making it clear that their handheld computer does not automatically connect to the Internet,
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      Lock icon Global chip sales slow down for 6th month running
      209 14 SANJOSE Bloomberg WORLDWIDE semiconductor sales growth slowed for a sixth straight month in February as customers continue to reduce stockpiles of extra chips, an industry trade group said. February chip sales reached US$l5.5 billion (Ss2B billion), the Semiconductor Industry Association (SLA)
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      43 14 [LONDON] Olympic and Commonwealth athlete Denise Lewis attending a photo shoot to announce the partnership between Microsoft and the Manchester Commonwealth Games. Microsoft will provide a range ofsoftware, including Windows 2000, to support the technology needs of the Games. AP
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      Lock icon Brisk business at Chinese cybercemetery
      256 14 ■HONGKONG Reuters A WEBSITE based in the western province of Sichuan is offering to save millions of Chinese a trip to the cemetery today by giving them a chance to pay their respects to their ancestors online. The cybercemetery, www.ev99l.com, allows families and friends of
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      Lock icon When wireless halfway house'could become home
      734 14  -  =i I comment TECHNOLOGY So-called 2.5G wireless mobile technology is both an opportunity and a threat to 3G kenneth james The sun is setting as Henry takes the first turning off the highway and heads towards an unfamiliar cluster of buildings. In the back
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      Lock icon Orange to get 3.5b euro loan
      366 14 PARIS Alcatel, Ericsson, Nokia giving loan in exchange for orders Bloomberg NOKIA Oyj, Alcatel SA and Ericsson AB, competing for contracts to build new mobile phone networks, will lend Orange SA 3.5 billion euros (555.7 billion) in exchange for orders, Orange executives said on
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  • SOUTH asia
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      Lock icon India to crack down on stock manipulators
      404 15 NEW DELHI Govt may also replace head of stockmarket watchdog Sebi Reuters INDIA'S Finance Minister Yashwant Sinha vowed that the government will come down hard on stockmarket manipulators who had rocked share prices and shaken investor confidence. "None will be spared," Mr Sinha
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      Lock icon UTI Bank-Global Trust merger is off
      174 15 Reuters [NEW DELHI] The proposed merger between India's UTI Bank and Global Trust Bank, which would have created the country's largest private sector bank, has been called off, a Reserve Bank of India (RBI) official told Reuters on Wednesday. "We have received a letter
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      Lock icon Indian tariff hike spoils foreign liquor party
      364 15 NEW DELHI AFP FOREIGN liquor manufacturers celebrating India's lifting of import restrictions on alcohol have been left nursing vicious hangovers after the government spiked the measure with a massive tariff hike. Industry officials said yesterday that import duties on alcohol had effectively been
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      118 15 MOST BUSINESS IS WON OR LOST RIGHT HERE. mnnujuniu) i ,L.].UJC. M^l^lHill^^l^HHH^HH^HfllHHlH! The War Room. Where it all happens. The fact is, your company conference room says a lot about your company. And can often determine the impression you make on prospective clients. At BOSS Design, we understand the power
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      1747 15 ▲PERMASTEELISA PACIFIC HOLDINGS LTD (Incorporated in Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 17 Tuas Avenue 3, Singapore *****4 on 23 April 2001 at 9 30 а.m. to transact the following business:AS ORDINARY BUSINESS 1. To receive and
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  • WORLD news
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      Lock icon US refuses to apologise for crash
      564 16 WASHINGTON It says spy plane was in international airspace, crew did "nothing wrong 9 AFP, AP, Reuters THE standoff over a stranded US spy plane in China deepened yesterday with both sides digging their feet in and no sign of an early release of
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      Lock icon Greenspan pitches for free trade
      139 16 Reuters [WASHINGTON] Federal Reserve chairman Alan Greenspan yesterday made a broad pitch for free trade, saying protectionism is "unwise and surely self-defeat-ing". In testimony to the Senate Finance Committee, the US central bank chief did not discuss the near-term economic outlook or interest rates. He
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      Lock icon 90% chance of US recession: poll
      287 16 SAN FRANCISCO Reuters THE US economy faces a 90 per cent chance of going into recession this year and will only stage a weak recovery by year's end, a widely-respect-ed economic forecast said yesterday. The quarterly survey of the national economy by the Anderson
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      Lock icon Hashimoto may replace Mori
      324 16 TOKYO Reuters THE race to replace Japan's lame-duck prime minister, Yoshiro Mori, heated up yesterday with reports his ruling party's biggest faction would back former prime minister Ryutaro Hashimoto as its candidate. No contender has formally thrown his or her hat in the ring for the
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      Lock icon Ripplewood buys Nissan's 40% stake in parts maker
      176 16 TOKYO Reuters US investment company Ripplewood Holdings LLC yesterday took another step in its aggressive drive into Japan's corporate heartland, picking up Nissan Motor Co Ltd's 40 per cent stake in an auto-parts maker. Ripplewood grabbed headlines last year as the first
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      Lock icon AIG makes bid for American General
      546 16 NEW YORK It offers USs23b in stock for company, topping Prudential bid NYT, Bloomberg IN a bold stroke, Maurice R Greenberg, the chief executive of American International Group (AIG), made a competing offer on Tuesday for American General, one of the nation's biggest life
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      Lock icon Opec to cut production if prices M below US$22 a barrel
      446 16 CARACAS, Venezuela Reuters, AP OPEC is determined to cut production by another 500,000 barrels a day if oil prices fall below US$22 a barrel, a top Venezuelan oil official said on Tuesday. "Sure, we will cut if the price
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      Lock icon Korea to invest 800b won in April to boost stocks
      519 18 SEOUL Analysts are sceptical the plan would re verse bearish trend Reuters THE South Korean government will invest 800 billion won (Ssl.l billion) to boost sagging share prices this month, but analysts were sceptical the plan would reverse the bearish
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      Lock icon Dip in spending may hit US stocks further
      1142 18 Investors now seem to think there is no safe haven in the market after all NYT [NEW YORK] In the first three months of the year, many investors wondered how much worse things could get in the stock market. They are getting
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      Lock icon Aussie central bank cuts rates by hefty half point
      511 18 SYDNEY AFP AUSTRALIA'S central bank made an aggressive half-percentage point cut in official interest rates yesterday, an unprecedented third cut in a row, and warned the risks to growth from a global downturn remain. The Reserve Bank cut the official cash
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      Lock icon Citigroup begins staff layoffs
      459 19 FEELING TOE PIMCH A few hnndred people in Salomon onit hit, mostly in support areas like operations NYT [NEW YORK] Citigroup became the latest Wall Street firm to lay off employees amid the prolonged slump in the stock market, when it started notifying hundreds of workers
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      Lock icon Morgan Stanley may lay off 1,000 brokers
      352 19 Move would be part of a plan to cat USslb in costs WSJ Reuters, Bloomberg [NEW YORK] US investment bank Morgan Stanley is considering laying off as many as 1,000 brokers, or 7 per cent of its brokerage force, as part of a
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      Lock icon Deutsche Bank plans to expand options for top staff
      165 19 FRANKFURT Bloomberg DEUTSCHE Bank AG, Europe's biggest bank, is seeking approval to expand a stock option plan for top staff and earmark shares worth as much as 4.4 billion euros (Ss7.l billion) to introduce more US-style compensation. The bank, whose management
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      Lock icon Master of his domain
      893 19  -  MASTERS GOLF PREVIEW Byi Geoffrey Eu [SINGAPORE] JUST when merely mortal PGA professionals thought it was safe to roam the fairways freely again, the golfing god that is Tiger Woods has slammed the door on all prospects for parity in the game, cementing his position as
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      Lock icon Money laundering flourishing in London, says panel
      336 19 LONDON Bloomberg SOME UK banks and branches of foreign banks launder money in London, aided by lawyers and accountants, a report by a group of lawmakers said. Money laundering flourishes because banks in the financial district of London fail to take precautions against
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      139 16 Good Class Bungalow at 132 Windsor Park Road Within Jalan Besar Conservation Area: 3 Kelantan Lane If] i 1 I >o» Freehold Estate in perpetuity Site Area: 23,425 sq.ft. approx. 1 5 Site Area: 2,755.6 sq. ft approx. /V ***** l Built-up: 10.010 sq ft approx fBl |Jj s II
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      394 17 fundsupermartcom Licensed Dealer and Investment Advisor A joint venture of SPH Asia One ami ***** Partners Securities INVESTMENTS Dear Readers, RE FREE UNIT TRUST I I I remember the $1 cash credit that was given to me by POSB when I was in Primary School. It started me on my
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      1643 18 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 THE COMPANIES ACT, CHAPTER 50 Section 290(2)(b) NOTICE OF RESOLUTION TJ AIR SERVICE (SINGAPORE) PTE LTD (In Mambors' Voluntary liquidation) At an Extraordinary General Meeting of TJ Air Service (Singapore) Pte Ltd held at 8-1 Morunouchi 3-Chome, Chiyodaku, Tokyo
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      402 18 IN THE MATTER OF THE COMPANIES ACT. CAP.SO AND IN THE MATTER OF SINGAPORE CHUNGHER PTE LTD (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held on 4 April 2001 at 156 Cecil Street *07-05 Far Eastern
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      186 19 CANTONESE WITH A STROKE OF NOSTALGIC GENIUS If only mum and dad can tell you what Braised Chicken in "Foshan" Soya Paste Sauce (ffc tfj tastes like, then you know you've missed the Cantonese dining splendours of the '70s! With a stroke of genius, Xin Cuisine Executive Chef Fok Wing
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      137 19 Marina Mandarin Hotel, Singapore, 19th and 20th April 2001, Thursday and Friday Speakers From Economic Development -Ng Shau Mien Board (Assistant Head Chemical Industry Development Division) Mitsui Masao Tsuboi l|u|&ftaj||jj|MH^H| Accenture Chee Kong Chung (Senior Manager Supply B^^B^MBsBBBH^Hn^BBI^B SGSonSITE Jonathan Tan (Division Manager e-Commerce) Chemxlog Goh Puay Guan (Business Development
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  • FINANCE & commodities
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      Lock icon Futures fall in tandem with stocks
      265 20  -  SGZ Derivatives Trading Report ST lnde*/MS& STpore Index Wong Arm Chuen Refco (Singapore) Pte Ltd THE Singapore stock market fell yesterday after the Nasdaq Composite Index dropped to a 29-month low overnight. The benchmark Straits Times Index dropped 22.12 points or 1.35 per cent
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      Lock icon Futures ease on US economic concerns
      233 20 MSCI Taiwan Index THE Taiwan stock market slipped further amid fear of global economic slowdown, bringing its four-day drop to 7.6 per cent. The MSCI Taiwan stock dipped 2.55 points, or 1.04 per cent to finish at 241.62. Turnover for Taiwan stock index increased
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      221 20 Reuters I THE euro rose to 17-month highs against the yen and two-week peaks above US$O.9O yesterday as a batch of weak economic data fanned expectations the European Central Bank (ECB) would cut interest rates to rejuvenate growth. The euro's rise was initially triggered by the gains it
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      1217 20 DfTBEBAMK CROSS EATBB t$ W Un Hr Dw W$ m*%h++ Yw Ww W N2$Pafc tl Nw S$ *mt Sfr NT$ 81it PoU US$ Australia 0.762 4.013 0541 1547 1058 3.771 ***** ***** 0.609 6598 1837 1205 29.339 ***** 0.878 3.924 0425 15.938 ***** 0.338 0.484 Canata 1313 1269 0.710 4.657
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      1827 20 SICOM FUTURES Apr 4 RUBBER (futures dosing is *t 5.30pm) RSS1 CONTRACT(Scents/kg) Clow VoIwm OpM Month High low Sett (tones) Interest May 01 104JO 400 Jun 01 106.00 800 Jul 01 106.50 250 Aug 01 107.00 250 RSS 3 CONTRACT (US ccnts/kg) Mm OpM Month Hjffc Low S«tt (tMWQS) Interest
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  • STOCKS east asia
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      Lock icon Hongkong plunges 41% after Wall Street's heavy falls
      2711 21 HONGKONG AFP Pnugsaig -ata HONGKONG share prices dropped 4.1 per cent yesterday, in the wake of heavy falls on Wall Street, dealers said. The key Hang Seng Index lost 520.51 points to close at 12,063.71 on turnover of HK$7.B3 billion. Howard Gorges,
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      Lock icon Tokyo stocks edge up on stimulus hopes
      2034 21 TOKYO AFP Plßtta 225 +11&31 SHARE prices in Tokyo edged up 0.9 per cent yesterday on growing hopes that the government's economic package would help shore up the depressed economy, brokers said. The Tokyo Stock Exchange's 225-is-sue Nikkei Average closed up 118.31 points
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      Lock icon CHINA
      1054 21 AFP 487 CHINA'S Shenzhen B Share Index fell 6.87 points, or 2.1 per cent, to 320.39 yesterday. Shanghai B shares closed 2.2 per cent lower yesterday as profit-taking emerged in late session to wipe out earlier gains after the index hit two consecutive record highs this week, dealers said.
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      Lock icon TAIPEI
      377 21 AFP DWPhte -40J7 TAIWAN share prices closed 0.8 per cent lower yesterday following Wall Street's losses and concerns over corporate results for the first quarter, analysts said. The Taiwan Stock Exchange Weighted Price Index shed 40.97 points to 5,405.87, on an estimated turnover of NT569.52 billion. "Investors rushed to
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  • STOCKS klse
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      9145 22 INDUSTRIALS CanswMr prefects 2001 Last Vol Day Not Cap High Low Company Sato 'OOP High Low P/C $mM 340 290 Ajinomoto 290 -10 12 296 290 8.7 117.5 45 24.5 Angkasa 25 -0.5 41 25.5 24.5 36.9 342 286 Apolto Food Hlg 290 -10 3 290 290 6.3 116.0 356
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      Lock icon KL shares dive 6.1% amid foreign selling
      440 22 AFP Composite Indei -38J1 MALAYSIAN shares plunged 6.1 per cent yesterday to a two-year low due to continued foreign selling of blue chip stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index lost 38.91 points to finish at 594.26. Dealers said it
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  • SGX clob & regional stocks
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      2483 23 BONDS WARRANTS Urt M *T LmMmK fag M Cm* tm Mac mtm 1 nw »tw M» PHW t—mmm w> «%t uw 40 0.5 s Acma W*****4 0.5 I 22 2.5 s AIITechW*****7 3 25 3 17.6 1 1044 loo I 31 13.5 s AmtekW*****0 20 SS M 50 30 6
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      Lock icon SEOUL
      309 23 AFP P Composite Indei -9J7 SOUTH Korean stocks fell 1.9 per cent yesterday. The index lost 9.57 points at 493.69. Volume was 311.4 million shares worth 1.4 trillion won. —AFP *F« —I Anjm Semi 3985 -205 Brain Tech 540 -5 Central Bank 170 0 Cheil Comm ***** -200 DaaCuBank
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      Lock icon MANILA
      282 23 AFP fyt Composite Index -Oil PHILIPPINE share prices fell marginally yesterday following declines in overseas markets, dealers said. The Philippine Stock Exchange Composite Index fell 0.11 points to 1,452.15. Turnover fell to 226.98 million shares worth 317.58 million pesos. —AFP Apr 4 Mo COCO) Abacus Construction 0.57 0.01 10
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      Lock icon WELLINGTON
      250 23 AFP □HZSE-40 -25.42 NEW Zealand shares slid 1.2 per cent yesterday led by selling of market heavyweight Telecom Corp following falls in overseas markets, dealers said. The NZSE-40 Capital Index closed down 25.42 points at 2,044.01 on light turnover of NZ596.6 million. —AFP rooo) Advantage HDS 0.74 -0.07 182
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      Lock icon SYDNEY
      540 23 AFP QAM Ordinaries nnch THE Australian stock market closed flat yesterday for the second successive day after a central bank interest rate cut was counter-balanced by offshore market weakness, brokers said. The All Ordinaries Index closed unchanged at 3,138.9 points while the SP/ASX2OO ended two points higher at 3,194.3.
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      Lock icon BANGKOK
      732 23 AFP I 1 SET Index -6.41 THAI stocks plunged 2.3 per cent yesterday due to continued weakness in the ailing baht and declines on major overseas markets, dealers said. The Stock Exchange of Thailand Composite Index fell 6.41 points to close at 279.16, and the SET 50 Index dipped
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      Lock icon JAKARTA
      751 23 AFP n Composite Intel -534 INDONESIAN share prices fell 1.4 per cent yesterday, affected by the weakening rupiah, rising political tension and concerns about the budget deficit, dealers said. The Jakarta Stock Exchange Composite Index closed down 5.24 points at 367.41. Turnover was 585.3 million shares worth 246.826 billion
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  • Article
    Lock icon STOCKS sgx
    7862 24 SOXMAIMBOARP Gr Gr M MR U-Wk Uat Vol Day Hct Quote Mr Mr YW Mot Cap Avg High low Company Solo fWO) W0i low hy Sdhr Cw Wt Pita MULTI-INDUSTRY 153 39.5 cAcmaSOc 40.5 cd unch 151 40.5 39.5 40 40.5 0.5 19.9 0.6 10.7 70.3 43 41
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      371 25 Where to wine, dine and S2KSS.ISSI "Brunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "Brunch" from 11.30 am 4.30pm $18.90 (Adult) 40% discount (Child) "Brunch Karaoke" from 11.30 am Bpm $24.90* (Adult) 40% discount* (Child) For
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      72 25 Adventure 01 30 April 2001 Send your taste buds on a gastronomic escapade, as the annual Gourmet Wine Adventure returns once again to Mandarin Singapore. Savour exotic Australian cuisine, fine wines from the land down under. It's true-blue Australian haute you just can't i miss! Reservations: 831 6288 [f m
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      765 25 I III ll III i aggt»- a'awL, ZZS^'-^Z™ PWHHkVy 040 Nini's Tree House. lino FamiWlIw Asia. 1040 Spore Business ToSt Bears Dolls Hospi- g*. SfgSfttel* 88 MMf u*0 M&T* V 1040 Dragon Tales. AM Show Me The Fun- Business Breakfast. 1L30 In Conversation (R). JL00 China Wtngs. LOO A?M Thursday
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    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 2
      293 25 OCTFWC CROSSWORD ACROSS 5 Sob-stuff in the cinema (6,8) 1 Man going backwards, lady go- 6 Admitted it's aH right outside to ing forwards (5) make piggish noise (4) 4 Even more so (8) 7 The lady's about to quote mis--10 Many operating safety device believer (7) get things mixed
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  • New Asia Biz Woman
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      Lock icon Bridget Jones hits the screens
      784 26 The bestselling book will be released as a movie on April 13. Reuters [LOS ANGELES] MOVE over Ally Mcßeal. There is a new neurotic thirty-something single girl in town searching for Mr Right amid a sea of wimps, workaholics and whingers and this time she
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    • Article
      Lock icon US women earn 25% less than men
      417 26 Reuters [WASHINGTON] American women earn 76 US cents (551.38) for every dollar a man earns, the equivalent of working one week without pay per month, a draft report for the US Department of Labour showed on Tuesday. The report was released to coincide
      Reuters  -  417 words
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      95 26 SLAUNMY up close and persons I vnth d very f privat rt fh* th* -i do with the secret strength of F our armed forces. Redd this JF H vJU M, J Jjf jjfr PLUS: Watch in Friday's Project Eyeball for your chance I Project Eyeball is available only at
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  • EXECUTIVE Suite
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      Lock icon Fewer residential land sales?
      1400 27  -  Real estate consultants expect government to pare supply down to 4,000-5,000 private homes and executive condos By\ Kalpana Rashiwala Against the backdrop of a housing oversupply and weak demand due to the economic gloom, the government is likely to cut this year's residential land sales to
      1,400 words
    • PROPERTY
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        Lock icon Buildfolio.com joins UniG
        472 28  -  The Silicon Valley start-up and local e-commerce investor offer the building industry tools to hook onto the Internet By Marissa Chew SILICON Valley start-up Buildfolio.com plans to leapfrog other construction and property software providers here, as it joins hands with local e-commerce investor UniG to provide the
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        638 28 BANKS/FINANCE COMPANIES YEAR 1 YEAR 2 YEARS 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
        638 words
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        Lock icon Government's commercial land sales likely to go ahead
        792 28  -  By\ Kalpana Rashiwala THE government will probably go ahead with this year's commercial land sales programme despite the incipient softening in the office market, say property analysts. This is because the sales quantum is "not excessive, when compared with the average yearly
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        Lock icon Having fun at Swan
        1150 29  -  The president of City e-Solutions US hospitably solutions unit is able to combine his experiences in hotel management and technology By Marissa Chew AT 16, after a couple of summers of working at the historic Hotel Del Coronado near San Diego, Scott Anderson told his father
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        Lock icon New homes for sale
        539 29 DEVELOPEIV OWNER DISTRICT LOCATION SIZE TOTALtWTO NO OF PRICE TENURE (sqft) LAUNCHED UNTTS90LD ($psf) River Place FEO 3 Havelock Rd 678-3,229 509 424 950 99-yr Caribbean at Keppel Bay Keppel Land 4 Keppel Bay 840-6,135 430 310 850 99-yr Sunshine Plaza Res CDL 7 BencoolenSt 592-2,200
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        Lock icon Ascott to invest US$500m in Europe, US over 5 yrs
        488 29 It plans to divest USsBoomof assets, mainly shopping centres in Singapore Reuters [BANGKOK] Asia's biggest owner and manager of executive serviced apartments, Singapore's Ascott Group, will invest US$5OO million (*****.5 million) in European and US markets over the next five
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    • BY DESIGN
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        Lock icon For pure pleasure, escape into the bath
        705 30  -  Bathroom designs in the market range from the clean, simple and minimalist, to classic styles wifli fittings in silver and gold By< Andrea Tan YOUR nerves are frayed, your mind is in overdrive and all you want is escape from the world. You
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    • OVERSEAS PROPERTY
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        Lock icon Aussie poll sees shift to property
        810 31  -  -P residential market is likely to be the main beneficiary of investors' swing to property says a leading Property Investors Survey From Surinder Singh in Sydney A LEADING Property Investors Survey here has predicted a fall in interest rates and a swing towards property
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        Lock icon Hotels mushroom in India
        904 32 Some 110 hotel properties are coming up throughout India in the next four years; in Bombay alone there will be 4,000 new rooms in the next five years Reuters [NEW DELHI] THERE is a hotel construction boom underway in India. To appreciate the scale, a visitor
        Reuters; REUTERS; FILE PHOTOS  -  904 words
    • HOUSE HUNT
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        Lock icon Cluster housing: latest yuppy fad
        375 33  -  Allgreen's Binjai Crest has so far sold 105 units priced at about $1.25 million to $1.45 million for a terrace unit By Andrea Tan ALLGREEN Properties' 99-year leasehold Binjai Crest at Jalan Kampong Chantek is testament to the popularity of cluster housing. This was a
        375 words
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        Lock icon Property transactions for selected districts lodged between Jan 29 and Apr 2.
        2255 33 PROJECT NAME/ PROP CONTRACT 1BJURE BUILT-IN/ PRICE PSF STREET NAME TYPE DATE LAW AREA* (SOFT) (STOOO) (SS) District 9 Apt 02/01/01 FH 893 1220 1366 AACte Apt 08/02/01 FH 1539 760 494 Aspen Ht Apt 05/03/01 999 883
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    • GARDENING
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        Lock icon Cry me a river
        961 34  -  log Weeping willows growing next to rivers give the illusion of trees shedding a stream of tears By Thien THE first "weepy" I ever set eyes on was a blue Willow. This was when I was still in school and my interest in trees then was
        PICTURES BY THIEN  -  961 words
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      205 27 Swiss The German a Timah Sch friti* Sch Owtch jJ l r Nanyang Girts Raffles Girts'Pr A High School Sch c> H ft N 0 < II House a S <V Astrid **4 4, Pa t Leedon w Intl. School fr 0 The O t >" BuonaVista Here is a
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      217 28 Techm i Marufxturers v 'or the soundng and procurement I of building matertals __J Bucolic launches Key Procurement Buyers Technologies in Fall 2000 H ■lB"N 1 ABC Systems 2001 1. Newt Bulldfolio join forces wltti Honeywell International subsidiary McCoriNck Place Ldiesfete mwCowstructlon.com more Center Chicago L 2 Leadng Stanford Research
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      126 28 For Sale Brand New 8-Storey Strata-Titled Industrial Building at Little Road Land area: Approx. 24,985 sf Gross floor area: Approx. 62,443 sf Strata area: From 3,272 to 50,291 sf Freehold Ceiling height: 4 6m Floor loading: 12.5 15 KN/m 2 En bloc sale or Strata sale IFJjFj Debenham J Tie
      126 words
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      120 29 For Sale By Pte TVeatv MURRAY TERRACE Nos 2to 18 (even nos) Murray St *14 conservation shophouses •Land: 2236.6 sm (25,145 sf) Cross Floor Area: approx. 49,000 sf •Tenure: 99 years wef 1974 Sot* Marketing Agent TAN SER FONC 228 6820 MACPELINE COH 228 6823 Suntec Tower Two #36-01 2,3365f
      120 words
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      49 31 What's FRESH AND < I I \\II N this Sunday? The new, lip-smacking food pages in Sunday Times, that's what. With fresh ingredients, more cooks and a great recipe, you can expect them to be a dish. Drool. -fe'i ,-r ll I SUNDAY PLUS FOOD. STARTING THIS SUNDAY. 1 I
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      136 35 Reuters THE Baltic Dry Index (BDI)fell six points to 1,424, the Baltic Panamax Index (BPI) lost eight points to 1,512, the Baltic Handymax Index (BHD dropped 49 points to 9,409 and the Baltic Capes ize Index (BCI) wasdown five points to 1,713. i'ulF ♦Nord Energy (built 1991) 150,149dWt
      Reuters  -  136 words
    • Article
      Lock icon MARITIME STOCKS
      284 35 sn m »4 S$ W CWT Distribution 0.47 until 0 Chuan Hup 0.31 until 1192 Cosco Investment—0.15 -0.02 500 Freight Lints 007 until 131 GB Holdings 0.40 unch 0 IMC HoKHnQS-HK 9j60 until 0 Jaya Holdings 0.14 unch 399 KeppelCorp 3.04 witil 930 KeppelFELS 0.84 -a04 83 Ktppol
      284 words
    • Article, Illustration
      Lock icon Freemantle port awards towage licence to Adsteam
      538 35  -  Foreign companies fail to win exclusive licence for As2om towage business From] Evelyn Duffy in Perth FOREIGN towage companies have been unsuccessful in their bid to obtain a share of the highly lucrative towage business for Western Australia's main general purpose port, Fremantle.
      FILE PHOTO  -  538 words
    • Article
      Lock icon Pelepas, West Port to gain from govt fund
      195 35 [SINGAPORE] The Malaysian ports of Tanjung Pelepas (PTP) and Port Hang's West Port are to benefit from a government fund aimed at improving port infrastructure. Malaysian Prime Minster Dr Mahathir Mohamed announced last week that both ports had been included in the
      195 words
    • Article
      Lock icon Wilhelmshaven to house new container port
      162 35 [SINGAPORE] The German port of Wilhelmshaven will house the country's new container port, the local authority announced yesterday. The decision ends more than a year of speculation and debate about the location of the facility, which will help Germany accommodate its growing container cargo
      162 words
    • Article
      Lock icon Longer ship warranties may be in store
      904 35  -  MEWBUILDS By\ David Hughes LAST week a ship that was less than a year old was involved in a collision, apparently because of a steering gear defect. Now it is too early to comment in detail on the Baltic Carrier/Tern collision off the
      904 words
    • GDYNIA shipyard
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        Lock icon Western-style turnaround for Polish yard
        817 36 Tbe once bankrupt yard has staged a remarkable recovery, standing out not only in post-communist Poland, but in the world's bloated shipbuilding industry AP [WARSAW, Poland] WHEN US timber giant Weyerhaeuser set out to replace its aging fleet of ships, company officials hardly expected to
        AP  -  817 words
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      Lock icon SHIPPING SCHEDULES INDEX
      182 36 PACE Appenship 5 Assets 5 Austral 6 Balaji Shpq 5 BSA 7 B'tang Mas 6 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 ft Central Ex 6 Cho Yang 5 China Shpq 5 ft Cougar 7 ft CWT Gtobelink 7 Detmas 4 Djak Lloyd 6 Dongnama 3
      182 words
    • Article
      Lock icon SHIPPING GUIDE
      16804 42 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT THURSDA ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'I voir* 17/04 22/05 Delmas SAUDI JEDOAH N42W 65-*****44 18/04 26/05 COSCO HUMEN BRIDGE 0015W 65-*****00 24/04 29/05 Delmas SAUDI JUBAIL H42W 65-*****44 25/04 16/06 COSCO EMPRESS
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    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        658 45 v«ssd Voy No Btrtti Arrival Ptpartwt JM|M •"da"** 504 J17 04/04/550 05/04/6*0 BtUsahaNar ***** J01 04/04/8:10 04/04/20*0 Badtaan Indi 01-Apr J04 04/04/8:40 04/04/2339 Wtastar2 040S01 J03 04/04/8:10 04/04/2U0 Gtun Hong 8 GM20I J02 04/04/8.20 04/04/22*0 Baysawter16 W086 J02 04/04/8:45 04/04/16*0 Asl» 04-Apr J03 04/04/935 04/04/17*0 Mm Bmi 01-Apr
        658 words
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        Lock icon CONTAINER SCHEDULES
        1958 45 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO nnnHf/MTt Rstts SWp Voy No Ett/Btr Ported Frw T« Frew aa court atom s*jo ovboo 03/109 mv-oo a 03/m» OMR 04*900 a 03/ITOO 04*09 M/MOO 3 04/0700 04*54 OVMM 4 OVBOO 04/H99 04/1700 AO SWAN 44iS 5/12:00 03/BOO 03/1659 Mar-00
        1,958 words
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        Lock icon GLOBAL HOLIDAYS
        186 45 Aprß Hongkong: Ching Ming Festival. Apr Thailand: Chakri Memorial Day. Apr# Philippines: Day of Valour. Apr 13 United Kingdom: Good Friday. Singapore: Good Friday. Indonesia: Good Friday. Australia: Good Friday. Hongkong: Good Friday. Philippines: Good Friday. New Zealand: Good Friday. Canada: Good Friday. Denmark: Good Friday. Finland: Good
        186 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        750 45 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 indicated. The Cockett Bunker Price Index change and the individual
        750 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        511 45 Cart* 180 M« 965.4 23 12.9 0.28 194 0.06 Owtstty Water «tiM» Asb UumMum SegMg No above E25 0 1 0 1 1 0 755" 380 Ave 965.3 0.4 12.7 0.07 22 0.02 Exua 380 Max 990.6 11 14.3 0.09 49 0.03 W/M1 %M/M %MI WW
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    • AIR & LAND transport
      • Article
        Lock icon Sabena in the red, expects 2001 to remain difficult
        304 46 Reuters [BRUSSELS] Belgian national airline Sabena reported a 2000 loss of 325 million euros (Sss2o million) and said it expected its financial situation "to remain difficult" in 2001. Sabena, which received 250 million euros in new capital in February from its
        Reuters  -  304 words
      • Article, Illustration
        Lock icon Iberia shareholders seek rebate for low share price
        375 46 But Spanish govt official rejects demand FT [MADRID] Leading shareholders of Iberia, the Spanish airline, are seeking compensation for the low price at which the national carrier was listed on the Madrid stock market on Tuesday. The five shareholders include Banco Bilbao
        FT; REUTERS  -  375 words
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        Lock icon US airlines' on-time rate down in Feb
        499 46 Alaska Air the worst among 11 major carriers; Continental the best Bloomberg [WASHINGTON] Major US airlines' 73.5 per cent on-time rate was down in February from a year earlier because of foul weather and continued congestion at airports, government and airline officials said.
        Bloomberg; REUTERS  -  499 words
      • Article
        Lock icon US-HK aviation talks postponed
        214 46 Reuters [HONGKONG] Hongkong and US officials said yesterday they have deferred informal talks on a stalled air services pact at the request of the United States. A spokeswoman for the Economic Service bureau in Hongkong said both sides decided on a "short-term postponement" at the request
        Reuters  -  214 words
      • Article
        Lock icon S'pore aerospace firm ATS expands plant
        202 46  -  By' Trina Foo [SINGAPORE] Aircraft component repair specialist Airfoil Technologies Singapore (ATS) has opened an US$B million (Ssl4 million) extension to its plant at Loyang Industrial Estate just three years after establishing a local base. The plant has been enlarged from 40,000 to 105,000
        202 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1804 46 an mem n* maw no MMM 8*7301 1930 0*7302 2055 QUI WO 0F02 1035 mmrnmrn $0327 on» gwn 000 KL037 MS5 K1838 2255 S024 2335 mm S0347 owo mm ass Imeurnt N***** 2045 N***** 2045 wu ims mm torn OMraOi tfMO 0935 »i«rlln«iiw M421 1100 S0*2
        1,804 words
      • Article
        Lock icon Bombardier's takeover of ADtranz gets EU nod
        464 46 AFP [BRUSSELS] The European Commission said it had cleared the takeover of DaimlerChrysler's rail business division ADtranz by Bombardier of Canada, with conditions. "As initially notified, the operation would have led to the creation of a dominant position on the markets for regional
        AFP  -  464 words
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      206 36 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com ii iii■■i. ii i r >■ 11l 111 *~*Z^ SENLIM AGENCIES
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      754 36 lines services represented by Mem^ers R®9' sh y °f Accredited Shipping Agents, X°n< jjy Singapore Shipping Association Members of the '••ikkSj. Singapore Logistics Association ULY LINE MALE VESSEL VOY PETA ETA ETA P. KLANG SPOKE MALE Princess Lily VO3Ol 08/04 09/04 16/04 Empress Lily VO4Ol 22/04 23/04 30/04 Princess Lily
      754 words
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      1178 37 SAX SERVKE (DIRECT) VESSEL VOY SIN ETA LAX OAK DAL HOU CM COL HUM AH NYC API SARDONYX 026E 17/01 01/02 OS/02 05/02 OS/02 05/02 05/02 05/02 06/02 06/02 API TURQUOISE 040E 24/01 OS/02 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 APIJADf 026E 01/02 15/02 19/02 19/02 19/02 19/02
      1,178 words
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      Lock icon Page 37 Advertisements Column 2
      2205 37 TO AKN T/T 10 DAYS lIMAM > T/T: 12 DAYS AQABA T/T: 15 DAYS GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RDf 12-00 SALES/BRGS TEL *****57/43 FAX: *****21/71 MALAYSIA OFFICE: PASIR GUDANG TEL 07-*****66 FAX: 07-*****70 COSTAK SHIPPING PTE LTD SINGAPORE *****8 OUTWARD (B/L) *****02 *****25/75 PORT RUNG 03-*****633 03-*****668 «llfrl
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      1211 38 SENATOR LINES fOHWOWi IOMWUIW/WWat Wga VOT UN LBt (T> «M HM MV fU fvBSBL VOT SM u oil JB MB J4 Sil If-2 ItS V.H "'<* ~iT5 Sir HAJUM KBUMG 0079W 2113 13J4 14.04 11.04 1104 14J4 ABU DHABI MI4W 14J4 21J4 24J4 itii wji SSISSS? 212 22 ,x Ifi!
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      Lock icon Page 38 Advertisements Column 2
      932 38 Cairiar: MM CQNTIt IMS, MC p. guoang: (07) *****26 rJWVJ CMI6OiIJBOIfB6MUR 8IBU:(064)*****9 MANLA (632) *****24 PBW¥k (04)*****6 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKTi (21) *****46 KUCWMQ (062)*****1-3 CEBU US$l/CBM MV "INTRA BHUJVT Y.157E ETA SIN 11/04/2001 MV "PACIFIC EAGLE" Y.142N ETA SIN 18/04/2001 BOOKINGS.—PLS CALL
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      Lock icon Page 38 Advertisements Column 3
      513 38 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N.SHEVA (CPS MULUNO. MUM Ml) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN 1.C.0. POINTS Vessel VOY SPORE N.SHEVA COCHIN COLOMBO P.KLANG TULSIOAS 140 08 APR 17 APR 20 APR 23 APR 27 APR FRONTIER 10SW 15 APR 24 APR 27 APR
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      Lock icon Page 39 Advertisements Column 1
      1726 39 IVESSa. VOY KHH HKG I SIN PKL PXB BAB PMM UK IRAN HORMOZGAN PCL-201 03/04 04/04 07/04 08/04 15/04 16/04 18/04 20/04 MAN TEHRAN PCL-202 10/04 11/04 14/04 15/04 22/04 23/04 25/04 27/04 IRAN TABATABAB PCL-203 17/04 18/04 21/04 22/04 01/05 02/05 04/05 06/05 IRAN KERMAN PCL-204 24/04 25/04 28/04
      1,726 words
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      Lock icon Page 39 Advertisements Column 2
      347 39 4 k ILoadngfor 1 TAHARA RDM/ATW/BMN/UK I GOOD FRIDAY RDM/ATW/BMN/UK I Loads Singapore, EVW. Mrti) mi, Indonesia J Loading for SAFEER JDH/ACWDMT EVDOXIA HOtyjOVAQA CORAU DBt/ABU/DOfVBRN/DMM/KWT YALATIF D6l/ABU/DOH/BRN/DMM/KWT PAUL X JDH/AQA/DMT toads Singapore, EVW. Malaysia, Inttoneaia ILoadngfor I NATS EMPEROR CAM/NFK/SAV/NOL I HANJM TAMPA VCWAAX/MZL I _toads EVW. Malaysia, Indonesia
      347 words
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      Lock icon Page 39 Advertisements Column 3
      1545 39 EUKOPE EXPRESS SERVICE EXPORT I IMPORT <Bsa VOT ISM I tIH I BTM ANi I HAM I IHV IFU VKSR VOT Imi HAM IHi j LfH SJN mtIWBSBI OlfW 111/ M fpTßi W/04 M/ 04 01/05 04/*****/05 IBbS 0121 15/03 17/03 19/03 22/03 08/04 fHUAI SOI QUW 4 17/04 1
      1,545 words
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      1275 40 IiXPORT VESSa VOYAGE SGP CMB DOR DMN KM NXV ARM JED AQR UANGHE 0168W 06/04 17/ M 19/04 23/04 UNI ACTIVE 0659-039W 08/04 I3W 18AM 19/04 UN PREMH 06MMW1W 10/04 14/04 20/04 21/04 27/04 lINGHE 0170* 13/04 24/04 26AM 30/04 umassure wmmnmwm 2«/ m n/w oi/os UM POPWAR OMI-006MT 17/04
      1,275 words
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      997 40 vtssa VOT Isw »u mtp tot vtssa vor sm m m m m W UA 10/W HARIIHUM 424S 07/P4 10/04 mum: ibljmb —w nss_ m ;vm MIOO OI4E W/04 13/04 13/04 OOQACCLAIM# 07K 0M 12/04 miHUM 204« 10/04 14/04 IKF kas ANANIHUM AA 210* 11/04 IS/04 13/04 JIZ2I IiZW mm
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      Lock icon Page 40 Advertisements Column 3
      527 40 INDONESIA NATIONAL LINE TO AUSTRALIA I man i iywmam amns niU. WWI IWWKn WBWwWiwB va wr wk m m m sw> m m «n w tfiNonr 36$ n/M io/m u/m o/mm/m v/u raioMi 1b" it/M it/04 v~m n/u ii/as S/w~ mw ~»T B/0414/04 30/04 B/tt M/OS ~T~ n/K nmmM m
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      423 41 i BSfl x M MYANMA «HBk FIVE STAR LINE I (Myonmor Notional Line) Loading for Yoagoa Vissa VOY SIN PRL PEN PGU MGO 110W SID MONGU 43W SU> MALAYSIA AGENTS: NUSTIAD SHIPPING AGENCKS WUL m 03-*****00 PRL TIL 03-*****101 PEN: HI 04-*****03 PGU: IE 07-*****21/4 tgl BANK UNE (A service
      423 words
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      1070 41 JjYUNDAI MERCHANT MARINE CO., LTD. IVBSEL TOT SOU IL« I NT» I ANT I HAM I BKV lIVESSB. VOT I SOU UN KTM I ANT HAM BRV |91 API GARNET 102W 05/04 23/04 28/04 25/04 26/04 HYFBBAL \L329f 06/03 28/02 01/03 U/U~~ T WU mum S4aw 06/04 27/04 21/04 22/04
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      944 41 vOOv WALLENIUS WILHELMSEN TO MOS7H AND LATIN AMtRKA "CAR ROItO HIAVTUFT SERVICE" ygr__MWP HUGH! |sw uc mo wu say i m iqb nyc i new l moi USE* S!!!S 52*" H5 l®/® 4 16/05 19/05 1, /05 23/05 24/05 26/05 29/05 31/05 JJUE 2 j J2?" HS 03/04 06/06 00/06
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      74 44 ami SINGAPORE PTE LTD 9 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Fax 165) *****66 Email: ceneral9ecusin.eculine.net 13 I m 13 Website: httpy/wwweculine.net EAST MALAYSIA Kuching/Kota Kinabalu/Muara/Sibu Tawau/Bintulu/Labuan/Sandakan See Pag* 4 Call: 220 3373 FREMANTLE KYOWA TJNF COCOS CHRISTMAS ISLAND WEST E R N Guam/Saipan/ Turn to PageS Daily
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  • Page 45 Miscellaneous
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      Lock icon Page 45 Miscellaneous Column 1
      124 45 LEGEND: Issued by Meteorological Service Singapore Thunderstorm A Showers X\ Rain emperature Wind direction and speed in knots Cloudy Day Weather OO Hszy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds I Sli 9 ht <1 2m I —One hall Heche
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      132 46 Pf RATE AGREEMENT (SARAT"^ NOTICE TO TRADE Ekf '*^3 KV FAR EAST TO CHITTAGONG RATE RESTORATION jg WK f ON 15 APRIL 2001 Jj Member Lines of the South Asia Rate Agreement wish to announce that a rate i restoration of USD 50 100 per 20' 40' container will be
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