The Business Times, 12 April 2001

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Total Pages: 44
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES MITAjO>WTtf!S37BD©^ SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, APRIL 12, 2001 85c
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  • Article
    Lock icon MARKET SUMMARY
    80 1 sn MML2O (+11.08) BT-SBI 54&33 (+7.66) ST INDEX FUTURES 1,***** (+10.00) smsci futures ***** (+1.10) STOCK HABKET INDICES Wednesday Change KLSE COMP 567.88 +1139 NIKKEI225 13,***** +***** HANG SENG 12,706.43 +492.76 SET INDEX 282.37 +2.83 JAKARTA COMP 367.16 -2.04 MANILA COMP _1,***** -1413 TAIPEI WPI 5,467.77 +***** SEOUL
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  • Article
    Lock icon FINANCE
    78 1 FOREX BATES us$ s$ USS (SS per USS) 1.806 £(USS/SSper£) 1.434 15® EL"RO(USS/SS/E) 0.890 1.607 DM 2.198 1517 YEN 124.1 68.70 R-M 3.800 2.104 HKS 7.800 4.319 BAHT 45.40 25.14 RUPIAfl 10,629 5,886 *SS to 100 units NUMERATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.00
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  • Article, Illustration
    Lock icon DBS clinches Dao Heng in HK$45.3b deal
    1047 1  -  Takeover will create first Asian regional bank and posh gronp into 4th spot in HE Frorrii Quak Hiang Whai in Hongkong DBS Bank yesterday took a big step towards its aim of creating the first Asian regional bank by buying Hongkong's Dao Heng
    REUTERS  -  1,047 words
  • Article, Illustration
    Lock icon An expensive but good long-term buy
    618 1  -  Amount of goodwill write-off and capital profile major concerns of analysts By Angela Tan [SINGAPORE] DBS Bank's proposed $10 billion purchase of Dao Heng Bank is expensive and will depress the Singapore bank's earnings, but there are long-term benefits, analysts said. "The price is
    REUTERS  -  618 words
  • Article
    Lock icon UOB slashes mortgage rates, sets stage for rate war
    709 1  -  hiiexclusive At fixed 3.5% for first 3 years, new package is cheapest in town By Siow Li Sen [SINGAPORE] United Overseas Bank (UOB) has slashed home loan rates by 1.75 percentage points in a newlylaunched package making the bank's rates the
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  • Article
    Lock icon Nasdaq surges 68, Dow down 48 at 11.30am EST
    112 1 Reuters [NEW YORK] Technology stocks surged in early morning trading yesterday amid increasingly bullish views about the sector. But blue chips gave up early gains as investors pulled money out of traditional safe haven stocks. At 11.30 am EST, the Dow
    Reuters  -  112 words
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      83 1 DBBPE Exec Suite New Redas president Loh Soo Eng on the perception of developers as profiteers. Exec Sutte cover story Arts Festival iKni Class acts that will take your fancy. Pg 16 Top Stories Euro-zone rates left uncut in surprise move. Next Page APP eyeing asset sales in China, Indonesia.
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      13 1 Smaller developers lure buyers with glitzy offers, Pg 7 House Hunt, Pg 29
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      115 1 ilv-. 41?$ J I v i i ft, ?>.:■ free i f...'i w5 v ■C? 11 4* > 1 i mm Bra V' Report. P.ige 20 I B V LG A R I 1 <» U <H< \K V I I J R S v'- V' v. »<>. Si <'
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      23 1 Dao Hong deal won't prevent other regional buys. DBS chief, Next Page Hook Look Slew: Leng Chan set for takeover trail, Next Page
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  • NEXT page
    • Article
      Lock icon Dao Heng deal won't prevent other regional buys: DBS chief
      646 2  -  DBS-DAO HEMS DEAL Capital is not a problem for a bank like DBS, says Philippe Paillart From Quak Hiang Whai in Hongkong THE acquisition of a major bank like Dao Heng Bank would not cramp DBS Bank's ability to make
      646 words
    • ON THE grapevine
      • Article
        Lock icon E-file your tax return by Sunday
        151 2 SUNDAY, April 15, is the day of reckoning. If you don't file your tax return by then, you face a fine of up to $1,000. By yesterday afternoon, nearly a million taxpayers had filed their returns. Of these, about half did so by computer
        151 words
      • Article
        Lock icon Frustration over 'big savings'
        85 2 A RECENT promotional package by one of the Big Four banks, touting thousands of dollars in savings, got some customers excited enough to call for more details. And that's when the nightmare began. One customer, now no longer interested, complained that call-centre staff three, no less—could
        85 words
      • Article
        Lock icon Sacked—for throwing nuts at CEO
        113 2 Sacked —for throwing nuts at CEO NEVER try to make a monkey out of your boss. A Cathay Pacific Airways pilot found this out a little late. According to a South China Morning Post report, Scott Munro was dismissed after the airline's deputy chairman and chief executive, David Turnbull, accused
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    • Article
      Lock icon APP planning asset sales in China, Indonesia
      477 2 All Chin*, aflfffltg uj unproductive Indon assets to be sold Reuters [JAKARTA] Asia Pulp Paper (APP) aims to sell all its assets in China and unproductive assets at its Indonesian operations as part of efforts to resolve its debt mess, an executive from
      Reuters  -  477 words
    • Article
      Lock icon Leng Chan's set for takeover trail
      791 2  -  I [OKI lock siew lee han shih QUESTION: Who are the three people most unhappy about Quek Leng Chan selling Dao Heng Bank to DBS? Answer: Ong Beng Seng of Hotel Properties Ltd (HPL), Peter Seah of Overseas Union Bank (OUB) group and Michael
      791 words
    • Article
      Lock icon Euro-zone rates left uncut in surprise move
      454 2  -  Euro slips in response to EGB's decision to leave rates intact From, Neil Behrmann in London THE European Central Bank has kept euro-zone nations' interest rates at 4.75 per cent, flummoxing most economists who had predicted a cut. Wim Duisenberg, the ECB's president,
      454 words
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      62 3 *200 SEND Now you can get the latest stock update and even personalise your stock portfolio. ;.<4l^44|K 1 I -'•%i A-. jtf jtik -f J/Kgr ...J P JF wt Mr Jfm Jam '^HDHnp|f' |H Ey, |f JB: ii if jf ji» |jp ;'i oaaaa 803 S S3 FREE FINANCE/STOCK HELP
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon PCI writes off $37m on disk drive subsidiary Polymicro
      551 4  -  Move will push group into the red; Chu&n Hup defers plans to sell 32.7% PCI stake By David Boey MAINBOARD-LISTED contract manufacturer PCI said yesterday it has made a onetime write-off of $37 million the biggest in its 28-year history after
      Source: Bloomberg  -  551 words
    • Article
      Lock icon More perks for M1 post-paid customers
      243 4 WAP services, Ml e-mail will be standard value-added services MOBILEONE yesterday said it will offer wireless data services WAP (Wireless Application Protocol) and Ml e-mail as standard value-added services to its entire post-paid customer base. From today, Ml customers will no longer have to
      243 words
    • Article
      Lock icon SingTel may not qualify for ASX 200 Index: analysts
      473 4  -  Sing Tel disagrees, citing liquidity of its shares and that of Optns prior to bid By'. Teh Hooi Ling SINGAPORE Telecommunications may not qualify for inclusion in Australia's key stock index after its planned Asl4 billion (5512.6 billion) takeover of Cable
      473 words
    • Article
      Lock icon SingTel may group regional Virgin ops
      439 4 Virgin Asia ops may be combined with Virgin Australia ops Bloomberg SINGAPORE Telecommunications Ltd says it may group its Virgin Mobile operations in Asia with UK billionaire Richard Branson's Virgin cellular operations in Australia. Sing Tel said two weeks ago that it's buying Cable
      Bloomberg  -  439 words
    • Article, Illustration
      Lock icon i-one shares dive on possible sale by KK Fong
      549 4  -  Bnt chief exec says company is sonnd and margin problems are personal By Marisaa Chew, Conrad Raj NEWS that i-One.Net International chief executive K K Fong may sell 193.5 million shares or a 41.9 per cent stake in the company to
      FILE PHOTO; Source: Bloomberg  -  549 words
    • Article
      Lock icon Oculus moves down 17% as it starts trading on Sesdaq
      302 4  -  Asiatravel.com doses at the offer price on debut By\ Liew Hanqing CONTACT lens manufacturer Oculus Limited made an unspectacular debut on Sesdaq yesterday, closing at 19 cents —17 per cent shy of its issue price. The company announced on Monday
      302 words
    • Article, Illustration
      Lock icon AsiaOne still aims to break even in 2 years
      279 5  -  It launches interactive message unit and SMS-based advertising services By Chua Hui Min INTERNET player SPH Asia One still aims to break even in two years, chief executive Low Huan Ping reiterated yesterday. The Singapore Press Holdings unit, which posted an
      FILE PHOTO  -  279 words
    • Article
      Lock icon OUB connects to the SingaporeONE high-speed network
      209 5  -  Its customers will get faster access to online services Byi Andrew Wee OVERSEAS Union Bank yesterday said it was the first bank to connect to the SingaporeONE high-speed network, enabling it to offer multimedia online banking services to customers. The bank's move will
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    • Article
      Lock icon Kuok Group's offer to take PCL private 'fair'
      269 5  -  Shareholders should accept basic offer price, says adviser By, Janice Lee THE offer made by Hovert Investments Pte Ltd to take Pacific Carriers Ltd (PCL) private is "fair and reasonable", according to independent financial adviser ANZ Singapore yesterday. It further advised that
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    • Article
      Lock icon Ho Wah Genting to sell factory to repay debts
      232 5 HO Wah Genting International, which suspended its shares yesterday, said it will sell a factory to repay debts owing to Industrial Commercial Bank (ICB). Ho Wah announced earlier this month that ICB had withdrawn loan facilities granted in August 1999 and
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    • Article, Illustration
      Lock icon UOB signs MOU with China Construction Bank
      300 5  -  By Rachel Ong UNITED Overseas Bank Ltd yesterday signed a memorandum of understanding to strengthen business ties and cooperation with China Construction Bank (CCB). The agreement entails cooperation in areas like project financing, loan syndication, investment banking activities, interbank money market, treasury business,
      300 words
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      Lock icon Page 4 Advertisements Column 1
      108 4 We provide consultancy services on offshore structures, shelf companies and incorporations In ALL Jurisdictions including. British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Bamoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive Insurance companies for qualified applicants. For
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      95 4 Corporate Advantage A A H H H or reservations, please ssll7 (<5,MiW467 effective in August f o c (65 298-2038 Supenor Room •Complimentary Local Calls mlmHt £2Lk*m« anH HqilV NWcnanar A rat arr subJect to 10% service char e dUU i/dllj ilCfTapdpCi 1% government tax and 3% GST. Late Check
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      191 5 There are opportunities even in these market conditions, you just have to know where to look. In the past century, there have been 25 bear markets. Every one of them followed by a bull market that achieved a new record high. Perhaps now might just be the right time to
      191 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      329 6 Stocks VolunM PacificCenturylOc 22,526,000 Omni Ind 10c 18,185,000 K>ne5c 17,297,000 GES Intl Ltd 20c 12,026,000 Ho Bee 5c 9,468,000 Chart Semiconductor 26c 9,082,000 SingTel 15c 8,174,000 Oculus 7.5c 7,992,000 ST Engg 10c 7,714,000 Asiatral.5c 6,991,000 Stocks S Omni Ind 10c 46,725,870 OCBC 44,032,005 Datacraft 10c 42,971,595 VentureMfg25c 40,906,550 Chart Semiconductor
      329 words
    • Article, Illustration
      Lock icon Market rides on US rally, bat runs out of steam
      608 6  -  -I I comment STOCKS r. sivanithy THE local market rallied early yesterday in response to Wall Street's hefty overnight gains, but quickly ran out of steam as the session progressed. Several worries kept buyers away. The biggest were declining corporate
      608 words
    • Article, Illustration
      Lock icon SingLand wrt worth monitoring
      183 6  -  WARRANT WATCH Bb R Sivanithy AFTER peaking at just under $4 in February, Singapore Land's shares have since slumped back to $3.52 yesterday. Granted, property stocks are not in favour at the moment and may still come under pressure in the weeks ahead. Also, if Wall
      183 words
    • Article, Illustration
      Lock icon FCC still riding on speculation
      242 6  -  HOT STOCK By Ven Sreenivasan AFTER diving for the better part of the past two years, the stock of First Capital Corp has surged this week. It rose 12 cents to $1.16 yesterday, after gaining 19.5 cents on Tuesday. A total of 5.1 million shares
      242 words
    • Article, Illustration
      Lock icon Dao Heng, Optus deals keep S$ underpressure
      536 6  -  111 comment CURRENCIES Euro tumbled after ECBleftenro-zone rates unchanged larry wee A LATE announcement by DBS Bank last night that it will pay the equivalent of more than US$5 billion (Ss9 billion) for Hongkong's Dao Heng Bank should keep the US dollar well
      Source: Reuters  -  536 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2631 6 UNIT TRUSTS FUNDS Manager's prices (Ss)Apr 12 Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.737 0.775 Global Technology Fd!** 0.575 0.604 UK Blue Chip Fd!** 0.781 0.821 American Opport Fd 0.804 0.845 Cont Euro Eqty Fd!** 1.069 1.123 Japan Eqty Fd!** 1.162 1.221 Asian Fixed Income Fd
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  • SINGAPORE news
    • Article
      Lock icon Smaller developers lure buyers with glitzy offers
      543 7  -  Discounts on the launch price and deferred payment among the carrots offered Byl Andrea Tan DEFERRED payment for private homes, last seen during the Asian crisis, has made a comeback alongside lease-back guarantee and rent-free schemes that developers are using to lure buyers
      543 words
    • Article
      Lock icon 3G auction off; 3 get licences
      441 7  -  Sing Tel Mobile, Kl, Star Hub land different spectrnms By 1 Teh Hooi Ling THE Infocomm Development Authority of Singapore (IDA) has caned off the auction for third-generation mobile phone licences and has instead awarded the licences at the $100 mUlion reserve price to
      441 words
    • Article, Illustration
      Lock icon In the pilot's seat
      64 10 [SEATTLE] Deputy Prime Minister Tony Tan in the cockpit of a brand new Boeing 777f0r Singapore Airlines here on Tuesday. The plane had just been painted, and will be delivered next week. Dr Tan was touring Boeing's Everett manufacturing plant, which is also the largest building
      64 words
    • Article
      Lock icon Weakening yen will hit Asian exports, currencies
      583 10  -  Korea, Taiwan and Singapore most vulnerable, says Goldman Sachs By Vikram Khanna A FURTHER weakening of the Japanese yen against the US dollar will put downward pressure on Asian countries' export prices and could lead to a renewed decline of their currencies against
      583 words
    • Article
      Lock icon Two start-ups tie up to offer life science courses
      290 10  -  By] Eugene Low CLUELESS about life sciences? Can't tell a genome from a chromosome, or a cell from a gene? Two homegrown start-ups one in the education business and the other a life science company—have teamed up to develop life science
      290 words
    • Article, Illustration
      Lock icon Morgan sees 5.1% GDP growth
      314 10 r=M 3 on the economy outlook MORGAN Stanley Dean Witter has cut its forecast of Singapore's 2001 economic growth by one point to 5.1 per cent, with a U-shape rebound expected to come only in the fourth quarter. The firm has scaled back its forecasts
      Source: MTI, Morgan Stanley Research  -  314 words
    • Article
      Lock icon Put your faith in S$, Prima
      350 11  -  MAILI.M.B Chia Hui Ping Singapore, via Internet PRIMA reported foreign exchange loss of $16.2 million for the year 2000. It explained the loss was the result of the weakening Australian dollar and euro. The company further revealed that between Dec 3 2000 and March
      350 words
    • Article, Illustration
      Lock icon Trust comes when privacy is protected
      243 11  -  Tan Huat Chye Strategy Director CyberTouch (S) Pte Ltd Singapore, via Internet I REFER to the article "You say, show me the money, I say, show me the trust" by Kenneth James (BT, April 9). I have always enjoyed Mr James' insightful articles. This
      FILE PHOTO  -  243 words
    • Article
      Lock icon Raw deal for Ming Wah minorities
      351 11  -  Yung Yu-Ming Singapore via Internet THE takeover of Ming Wah Universal Shipping highlights the inadequacy of the rules when it comes to minority shareholder protection. The offer price of 551.05 made by its parent, China Merchant Holdings (CMH), is 36 per cent below its
      351 words
    • Article
      Lock icon Pihana sets up Asia-Pac HQ in Singapore
      467 11  -  The company also announces 30,000 sq ft data centre at Kaki Bukit By Tang Weng Fai PRIVATELY-OWNED Pihana Pacific yesterday launched its Asia Pacific regional headquarters and managed services unit in Singapore. It also formally announced its 30,000 sq ft data centre at
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      435 7 I^v I HlillkEf t J§* < Hfii' vy ■<*}* tL'"'-' I OArCI v i»«' WWTC^^to- The Challenge: H Today, it is no longer essential to just formulate and implement an enterprise-wide security strategy. H H The challenge now is to accomplish all IT administrative functions without compromising security. H H
      435 words
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      75 9 HONG KONG HONOLULU LOS ANGELES OSAKA SEOUL SINGAPORE SYDNEY TOKYO The first neutral Internet exchange (IX) data center in Asia-Pacific. Pihana Pacific brings a new open environment that enables Internet Service Providers, Application Service Providers and Content Service Providers to create their own community of e-business within a secure, world-class,
      75 words
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      147 11 We welcome letters. E-mail us at btletterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House f 390Kim 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 in
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      54 11 investment Waffl a iii. W Single hrcaslcd, tiirce-huMon suit in wrinklo-froo fabric, with a Iree 100% cotton business shirt. Ix. liism h iv.iil.ilil'* .11 ll.inU \tini— S. ..lis limit ;<|.|.- .Hill Is.liii. S. oils |uln. I ill I. S|i.-« i.ilisls' r.\ \l.lki I'.irAgtin, Mbrrt Holimsons < :<>nli.-|»«iiil .mil H.illl.s (;.i
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Pity if India is disgraced internationally
      857 12  -  OPINION mti\4 I bottom line prem shankar jha The writer, based in New Delhi andformer editor of The Hindustan Times, contributed this article to BT THE news that Enron's Dabhol power company has invoked the force majeure (that is, circumstances beyond its control) clause
      857 words
    • Article
      Lock icon IN OTHER WORDS
      88 12 'Husbands have to start worrying now: if their wives are ranting and raving, is it menopause or is it mad cow disease?' ratnaa wexter a US dermatologist, on the anti-ageing creams featuring bovine collagen used by American women. Their parents don't seem to enjoy life. They're workaholics.
      88 words
    • Article
      Lock icon Another sharp slowdown?
      662 12 EDITORIAL IT wasn't so long ago that Singapore seemed to have recovered swiftly from the debilitating regional crisis. Unfortunately, the economy has again sprung a surprise—this time, on the down side. Early official GDP estimates show a sharp economic slowdown in the first quarter, with the growth
      662 words
    • Article, Illustration
      Lock icon Time for a leader who knows what he's doing
      1119 12  -  Asia indeed, the world needs someone capable in charge in Tokyo, after gaffe-prone Prime Minister Yoshiro Mori's brief unimpressive tenure By Anthony Rowley The writer is BT's Tokyo correspondent BATTLE lines have been drawn in the contest to replace Yoshiro Mori
      REUTERS  -  1,119 words
    • Article
      Lock icon Pulling a fast one on heartlanders
      763 12  -  COMMENTARY Bosh's budget punishes the very people whose votes put him in power By. Paul Krugman The writer is a professor of economics at Princeton University NYT LAST year's US election revealed a nation sharply divided by geography. The "heartland" the largely rural interior
      NYT  -  763 words
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  • MALAYSIA news
    • Article
      Lock icon M'sia appoints EPF's CEO from private sector
      384 13 Arab-M'sian Bank MD will take np new post on Monday [KUALA LUMPUR] The Malaysian government has appointed banker Azlan Mohd Zainol chief executive officer of the Employees' Provident Fund (EPF), New Straits Times reported yesterday. It is the second senior appointment made at
      384 words
    • Article
      Lock icon M'sian union to hold protest
      469 13 KUALALUMPUR MTUC leader confirms May 12 picket against way EPF is run Reuters A MALAYSIAN workers' union yesterday refused to back off from plans next month for a one-day nationwide picket by its nearly half a million members to protest the way their state-run pension
      Reuters  -  469 words
    • Article
      Lock icon Companies in M'sia lay off 3,300 workers in Q1
      256 13 KUALA LUMPUR AP MORE than 3,000 Malaysian workers were laid off in the first quarter as the global economic slowdown took its toll, a senior government official said yesterday. Deputy Human Resources Minister Abdul Latiff Ahmad, quoted by Bernama, told parliament
      AP  -  256 words
    • Article, Illustration
      Lock icon KL arrests seven opposition activists for planning rally
      318 13 Detainees include head of National Justice Party's youth league, EzamNoor Bloomberg, AFP [KUALA LUMPUR] Malaysia said it detained seven opposition members and supporters under the Internal Security Act for planning demonstrations aimed at toppling the government. "There is information of their involvement
      Bloomberg,; AFP  -  318 words
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      183 13 IT'S EASY TO SEE 'CiilßqßMJ WHO ISN'T RUNNING SAP ON IBM UNIX» SERVERS. generation business your server goes down, your business goes down with It. The IBM pSeries can achieve an amazing 99.99% uptime. In fact, nls so reliable that Samsung In Korea did not experience any unplanned outages in
      183 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon IMF hopes for breakthrough as Indon talks start
      563 14  -  Bat negotiations will be tough as both sides are unwilling to budge, govt officials say Fromi Shoeb Kagda in Jakarta THE International Monetary Fund (IMF) yesterday began crucial talks with Jakarta, expressing hope in reaching an agreement that would break a four-month-old
      AP  -  563 words
    • Article
      Lock icon PLDT chief, others to answer complaint linked to Estrada
      282 14 MANILA They allegedly paid JL3b pesos to account kept by ex-president Bloomberg MANUEL Pangilinan, chairman of Philippine Long Distance Telephone Co (PLDT) and Hongkong's First Pacific Co, and 10 others were given 10 days to answer a complaint that they contributed
      Bloomberg  -  282 words
    • Article
      Lock icon Exxon seen reopening Aceh gas fields before June
      173 14 JAKARTA Reuters, AFX-Asia INDONESIA said yesterday it expected Exxon Mobil to reopen its gets fields in the troubled Aceh province before June in order to meet critical liquefied natural gas (LNG) commitments. "The critical time (for meeting commitments) is from July when
      Reuters,; AFX-Asia  -  173 words
    • NOTEBook
      • Article
        Lock icon Gunpowder near Thai airport ignites
        55 14 AFP [BANGKOK] Gunpowder stored at an Air Force base near Bangkok's international airport ignited in hot conditions yesterday, starting a fire that destroyed a warehouse building, officials said. Gunpowder worth three million baht (S$120,000) was destroyed in the fire, which was put out in less
        AFP  -  55 words
      • Article
        Lock icon Malnutrition hits 6.8m Indon babies
        68 14 Reuters [JAKARTA] Indonesia's economic crisis and widespread violence has hit its youngest people hard, with an estimated 6.8 million babies suffering malnutrition, a local newspaper said yesterday. "I believe that the number will definitely grow in the future if our social, economic and political situation
        Reuters  -  68 words
      • Article
        Lock icon Asia-Pac to grow 6% in 2002: ADB
        83 14 AFP [MANILA] Asian Development Bank (ADB) president Tadao Chino said yesterday he was confident the Asia-Pacific region would pull out of an economic slowdown this year and rebound with an average 6 per cent growth in 2002. "As a whole, even though there
        AFP  -  83 words
      • Article
        Lock icon Key Indon tax official to be replaced
        96 14 Reuters [JAKARTA] Indonesian President Abdurrahman Wahid was quoted as saying yesterday that he planned to replace the director-general for Customs and Excise, Permana Agung to boost flagging tax revenues. "In order to hike the country's revenues from the tax and excise sector, there
        Reuters  -  96 words
    • Article, Illustration
      Lock icon Infosys warns of slump in earnings growth
      542 15 UJ3. FALLOUT Q4 profit almost doubled but fell short of expectations Bloomberg [NEW DELHI] Infosys Technologies Ltd, India's biggest software developer by market value, said earnings growth will slump by more than half this year as business slows at many of its US
      Bloomberg; REUTERS  -  542 words
    • Article
      Lock icon Satyam shares sharply lower on profit concerns
      352 15 AFX [BOMBAY] Satyam Computer Services shares were sharply lower in mid-day trade after fellow bellwether tech stock Infosys' fourth-quarter to March results raised concerns over the ability of Indian software companies to increase their profitability amid the US economic slowdown, dealers said. At
      AFX  -  352 words
    • Article
      Lock icon CyberWorks says it is in talks with TVB
      359 15 HONGKONG The two are hammering oat a pay-TV deal Bloomberg PACIFIC Century CyberWorks Ltd, Hongkong's dominant company, said it is in talks with Television Broadcasts Ltd (TVB) after its paytelevision joint venture with a News Corp unit fell apart last year. A
      Bloomberg  -  359 words
    • ASIA Notes
      • Article
        Lock icon Bomb found outside Indian ministries
        56 15 AP [NEW DELHI] A bomb found in a food carrier outside the gate of the finance ministry was defused early yesterday. A police patrol spotted it near the gate that leads to the finance ministry, the Press Trust of India reported. The home ministry is
        AP  -  56 words
      • Article
        Lock icon China bourses to delist errant firms
        73 15 AFX-Asia [SHANGHAI] The Shanghai and Shenzhen stock exchanges have published announcements warning that several companies with "particular transfer" status face the risk of delisting. The exchanges said six companies face delisting if they are unable to publish their 2000 annual results by April 30,
        AFX-Asia  -  73 words
      • Article
        Lock icon Teng-hui denied Japan visa
        47 15 AFP [TAIPEI] Japan has refused to grant a visa to Taiwan's former president, Lee Teng-hui, asking him instead to withdraw his application, local press reported yesterday. Mr Lee was scheduled to undergo a heart examination in an Okayama hospital on April 24. —AFP
        AFP  -  47 words
      • Article
        Lock icon Taiwan panel sees 3% Q1 GDP growth
        57 15 AFX-Asia [TAIPEI] GDP growth in the first quarter may be 3 per cent following a 4 per cent increase in private consumption and amid rising unemployment in the current slowdown, Council for Economic Planning and Development vice-chairman K C Lee was quoted by
        AFX-Asia  -  57 words
    • Article
      Lock icon HK sees need to ride China tech wave
      225 15 HONGKONG Reuters TINY Hongkong needs to make inroads into mainland China's burgeoning information technology market or risk losing out in the global IT stakes, the territory's Commissioner for Innovation and Technology said. "Hongkong has been doing quite well in terms of consumer
      Reuters  -  225 words
    • Article
      Lock icon HK consumer confidence falls to 15-month low
      225 15 HONGKONG Reuters HONGKONG'S consumer confidence index feU to a 15-month low in March because of the US economic slowdown, weak local stocks and the moribund property market, according to a survey by the Chinese University. The index feU to 75.5 points in March
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      Lock icon Hang Seng to forgo new fees for existing clients
      494 15  -  Move comes as HSBCs charges spark backlash from depositors Frorm Audrey Tan in Hongkong HSBC group subsidiary Hang Seng Bank yesterday said that it will exempt its existing 2 million-odd customers from new bank charges, in a move likely aimed at
      494 words
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      132 14 You aren't one who follows in another's footsteps. Well, great minds think alike. :^%WimSS3BB^^HBBKMinH^^Bm '.jj- f*"' y £^aMßßM^MMiM^—— ...3^—- ii i,tin n)**——WW— ■ft® <a a-*' fe?c" d ■■■■'«■»■>» Vr-r '■'»-"> '*T^^Y^"wTfflltßwßHfi^mingi™WyinnlliTWlßWWflHMlHWMmffllllHTWll^^^^ni™Hrlll^Mi^MWßM^Mß^^Mff j£r- r'"> r*-*' £t-£ff%£ M*^%%3si3lpWHPßgEß^gßaaTO ~\s The new Passat. Looks like you have something in common with the new
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      399 15 Him v H H m V ~^M ''^^K ■I To enjoy up to 8% p.a. with a guaranteed minimum, the only way is Up. Up is the guaranteed way to grow your money. Enjoy a guaranteed minimum return of 2.0 3.0 p.a. on your investment, with the chance of 8%
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  • ARTS festival
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      Lock icon off!
      1480 16 Fill your senses that's the catch phrase at this year's month-long Singapore Arts Festival which kicks off on May 31. This year's programme features a good number of interdisciplinary, intercultural and multinational efforts. So whether it's theatre, music or dance you're after, there's bound to be something that'll take
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      Lock icon Choice picks
      393 16 Undoubtedly the blockbuster at the Singapore Arts Fest 2001 is Philip Glass, while the must-see top shows are festival commissions like The Theatre Practice (TTP)/ The Necessary Stage (TNS) collaboration One Hundred Years in Waiting or the four-continent music collaboration Urobas-Projeet Time. But what's likely to stretch your
      393 words
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      30 16 TICKETING 1 DETAILS SAF 2001 runs from Ma> 31 to June 24. Tickets are available from Sistic (348-5555). Festival hotline: 837-9589. Or visit www.artsfest. msn.com.sg. Ticket sales begin I today.
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  • e-NEWS
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      Lock icon Motorola posts first quarterly loss in 15 years
      493 17 CHICAGO It expects to sink deeper into red for second quarter Reuters MOTOROLA Inc, the bellwether of the technology sector, on Tuesday reported its first quarterly operating loss in 15 years, and it also said it expects to lose more money in
      Reuters  -  493 words
    • Article
      Lock icon Amazon to take over Borders' online ops
      312 17 NEW YORK The 2 companies will launch the new website in August AP, Bloomberg ONLINE retailer Amazon.com will take over Borders Group Inc's online bookselling operations as part of a new partnership between the two companies. A new Borders.com website, bearing the Amazon
      AP,; Bloomberg  -  312 words
    • Article
      Lock icon AOL Time Warner to sell US$3b of global bonds
      240 17 NEW YORK Reuters AOL Time Warner Inc, the world's largest Internet and media company, yesterday was readying a sale of US$3 billion (555.4 billion) of global bonds in its first post-merger foray into the bond market. New York-based AOL Time Warner
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      Lock icon Sombre mood hangs over Comdex/Asia
      616 17  -  -j I comment TECHNOLOGY But the atmosphere Is more determined than defeatist kenneth james THE crowd or more precisely, the lack of it told the story. Comdex/Asia at Singapore Informatics is arguably the regional IT industry's best-known event, and in past years the opening ceremony
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      Lock icon Judge threatens to shut down Napster
      627 18 SAN FRANCISCO It must find a way to keep copyrighted music off its website, she says AFP, AP A US District Court judge said on Tuesday she would consider shutting Napster down if it could not comply with her order to keep copyrighted music
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      Lock icon Yahoo embraces porn industry
      490 18 LOSANGELES LAT-WP YAHOO Inc, struggling for profit amid a shaky dotcom marketplace, has become the first top-tier Internet company to embrace the porn industry, opening an online store stocked with thousands of hardcore DVDs and video tapes. The marriage between porn and technology is one of
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      40 17 m m f ti y'A" F ■L^sss w r i .>|gpt i ie&i*mideas \W!mm from J J v| M 235 5168 WMKenesys.com WWW' I ndng.com Business meetings will ,|n never be the same again U6II6SVS CoHiMßncinQ J -J9L i ?f&
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      1745 18 Mtl.l.HlT&T I Keppel Telecommunications I Transportation Ltd I (Incorporated in the Republic of Singapore) H Notice of Annual General Meeting I ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the Annual General Meeting of the Company which will I be held at the Conference Room of Keppel Corporation Limited at 23
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      149 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ETAKO (SINGAPORE) PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 95 South Bridge Road #07-28 Pidemco Centre Singapore
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      1246 18 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I IN THE MATTER OF THE COMPANIES ACT, CAP. 80 ANO IN THE MATTER OF SUMMER PLACE DESIGN PTE LTD (In Mwnbw' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary Ganaral Moating of tha members of the abovenamed Company
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      294 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TOKYO MEGANE (TOKYO OPTICAL) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of Ihe Minutes of on Extraordinary General Meeting held at 8 Robinson Road, #08-00 Cosco Building, Singapore *****4 on the 9lh day of April 2001.
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  • WORLD news
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      Lock icon US slowdown hurts other economies: report
      690 19 UNITED NATIONS Particularly vulnerable are Asian nations with high-tech industries NYT THE slowdown in the US economy is having damaging effects on many other economies around the world, economic forecasters from more than 60 countries said in a report Tuesday. Particularly vulnerable are Asian
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      Lock icon World Bank predicts global rebound later this year
      531 19 WASHINGTON Highest growth of 5.5% seen for E Asia and the Pacific AP THE world is finding out that the global economy cannot fly permanently on a single engine the US economy. World Bank economists said on Tuesday that when the US
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      Lock icon China to release plane crew alter Bush apology
      597 20 US govt says in a letter it is 'very sorry'for loss of Chinese fighter pilot AP [BEIJING] China agreed yesterday to release a detained US air crew after President George W Bush said in a letter his government was "very sorry" for
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      Lock icon No hardline US stand urged by SM
      417 20  -  By Chuang Peck Ming [SINGAPORE] Senior Minister Lee Kuan Yew's press secretary said again last night that Mr Lee did not urge the US to "take an uncompromising stance towards China in the current spy plane standoff", as reported by Reuters based on
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    • Article
      Lock icon Most of retail banks' profits come from top 20% clients: poll
      276 20 Reuters [LONDON] Retail banks make most of their profit from the top 20 per cent richest clients, who subsidise the least profitable fifth of customers who produce 80 per cent of losses, a survey showed on Tuesday. The survey
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    • Article
      Lock icon Aetna warns of 'significantly lower' Q1 profit
      371 20 NEW YORK NYT AETNA, the nation's biggest health insurer, warned on Tuesday that its firstquarter earnings would be "significantly lower" than expected. The entire healthcare industry has been struggling with rising medical costs, but analysts said Aetna seemed to be managing less well
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    • Article
      Lock icon Pepsi posts 53% rise in Q1 profit
      98 20 Reuters [NEW YORK] Pepsi Bottling Group, the world's largest distributor of PepsiCo Inc drinks, yesterday posted a 53 per cent rise in first-quarter profits, due in part to new products and marketing programmes and an improved pricing structure. It earned US$26 million (Ss47
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      Lock icon The bull is dead, says Wall St's new Dr Doom
      880 21 *WC ve hftd it, WG irG coming bftck to rGftbty And it is not to h&ppcn ftgftlll for ft lon£ time*' Robert Shiller, author ofthebest-selling book, Irrational Exuberance Irrational Exuberance anthor says a rebonnd may not come for a decade
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      Lock icon Lend Lease wins A$1.8b deal in Melbourne
      521 21 ■SYDNEY Contract from Victoria govt is to develop docklands Bloomberg LEND Lease Corp, Australia's largest property developer, won an Asl.B billion (Ssl.6 billion), 10-year contract from the Victoria state government to develop Melbourne's docklands area. Lend Lease rose 51 Australian cents, or 4
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      Lock icon Nafta does more harm than good: US think-tank
      206 21 WASHINGTON Reuters THE North American Free Trade Agreement has failed to live up to its promise of creating new and better jobs in the United States, Canada and Mexico, according to a study released on Tuesday by a liberal-leaning think-tank here. Instead,
      Reuters  -  206 words
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      190 19 Only the engineers at Callaway Golf could dramatically improve the performance of Hawk Eye Woods. The highly successful Hawk Eye Driver and jfM new Hawk A 15% larger club face. m overall carry, roll, m and distance. f I l! i I j Main Showroom Tee To Green, 59 Jalan
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      1422 20 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 CHIP ENG SENG \5 CORPORATION LTD Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Red White Azalea Room (Tower Wing, Mezzanine Floor), Shangri-La Hotel, Orange
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      449 20 IN THE MATTER OF THE COMPANIES ACT, CAP 90 AND IN THE MATTER OF (I) GOLDEN MILLION DELUXE NITE-CLUB (1985) PTE LTD (II) ANGELITA MANAGEMENT (S) PTE LTD (IN MEMBERS'VOLUNTARY WINDING-UP) At an Extraordinary General Meetings of the members of the abovementioned Companies deemed to be held at 1 Sophia
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      573 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF N.K.G. TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) pßMLgflEUßaimafi, a At an Extraordinary Gantral Matting or me Mambars of tha Compony duty convanad ond hald at No. 1 Upper Cross StrMt #05-14 People's Pork Centre, Singapore
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      189 21 ()inaapore /lirlines /)/*e. se/?/s Singapore International JaZZ Festival Vanessa James Moody J©S lm *gr mg 0^ 9 nr **#«<* 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
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  • FINANCE & commodities
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      Lock icon Futures trade within narrow range
      274 22  -  SOX Derivatives Trading Report ST Indeg/MSGI iPpore Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market rose on positive sentiment after Nasdaq posted its biggest two-day gain since the first week of the year. The benchmark Straits Times Index added 11.08 points
      274 words
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      Lock icon Futures close near day's high
      229 22 MSCI Taiwan Index THE Taiwan stock market rallied yesterday after Nasdaq's 6.1 per cent overnight surge. The MSCI Taiwan Stock Index rose 5.35 points, or 2.25 per cent to finish at 243.50 points. Turnover for Taiwan stock index decreased to 579.75 million with 47 counters
      229 words
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      Lock icon CURRENCY REPORT
      226 22 Reuters London THE euro fell about 0.5 per cent to one-week lows below US$0.8850 and 110 yen yesterday after the European Central Bank (ECB) left Its key interest rate unchanged at 4.75 per cent. Economists polled last week by Reuters had, on average, put the chances of a
      Reuters  -  226 words
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      Lock icon Untitled
      1186 22 nrraEiAMEoaowmATM AS CS !■> Enrt Pfr f IB W»itam Yw Wn M WWb Nw S> tm Sfr WT$ 8att Hmt U» Awtrata am 4.155 0483 3.691 1100 1905 ***** ***** 0.421 6.610 1.902 1238 29.899 24.995 0.904 4.022 0459 16.476 22.730 0249 0.501 Canada 1283 5232 1722 4J37 14B 10B
      1,186 words
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      1784 22 ilOOM WJTPRBS Apri RUBBER (futures closing as at SJOpn) RSS1 CONTRACT(S c«nts/kg) ClOM VoiMN OpM Month High Urn Satt (taunts) hrtwttt May 01 105.00 400 Jun 01 106J0 000 Jul 01 107.00 250 Aug 01 107 JO 250 KS 3 CONTRACT (US ctnts/kg) Votom OpM Month HJlfc Low Satt (tows)
      1,784 words
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  • STOCKS east asia
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      Lock icon Hongkong soars 4%, riding on Wall Street's overnight gains
      2768 23 HONGKONG AFP n Hang Seng +482.78 HONGKONG share prices rose 4 per cent yesterday following overnight gains on Wall Street, dealers said. The key Hang Seng Index gained 492.76 points to close at 12,706.43 on turnover of HK$lO.l4 billion. Y K
      AFP  -  2,768 words
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      Lock icon Tokyo stocks follow Wall Street rally
      2046 23 AFP PBhlg <au> TOKYO share prices jumped 4.4 per cent yesterday, led by high-tech and telecoms issues following the rally on Wall Street, brokers said. The Tokyo Stock Exchange's 225-is-sue Nikkei Average gained 554.66 points to close at 13,174.93. "New York's Nasdaq Index has
      AFP  -  2,046 words
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      Lock icon CHINA
      1074 23 AFP CI Shenzhen Blndeg -LlB CHINA'S Shenzhen B Share Index slipped 1.18 points, or 0.33 per cent, yesterday to 351.86 as turnover contracted by 36 per cent to a thin HK$l.4B billion. Shanghai B shares closed up 1.9 per cent at a new high for the fourth consecutive session,
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      Lock icon TAIPEI
      368 23 AFP QWP Index +***** wvmM TAIWAN share prices closed 2.1 per cent higher yesterday following Wall Street's overnight rally, analysts said. The Taiwan Stock Exchange Weighted Price Index rose 114.25 points to 5,467.77, on turnover of NT580.99 billion. "Wall Street's gains overnight triggered strong buying of technology stocks, particularly
      AFP  -  368 words
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  • STOCKS klse
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      Lock icon Wall St rise helps M'sian shares rebound 2.2%
      431 24 AFP +LL39 MALAYSIAN shares closed 2.2 per cent higher yesterday on a rebound after recent sharp falls and in tandem with overnight gains on Wall Street, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 12.39 points to finish at 567.88.
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    • Article
      Lock icon Untitled
      9025 24 INDUSTRIALS Cmsmmt protects 200* Last Vol Day Itot Ca» High Leo Company Salo 'OOP High Low P/E $mH 340 290 Ajinomoto 290 8.7 117.3 45 24.5 Angkasa 27 2 18 27.5 25 993 342 282 ApoMo Food Hlq 290 8 10 290 290 6.3 t16.0 356 281 A sunt* 297
      9,025 words
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  • SGX clob & regional stocks
    • Article
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      2472 25 BONDS&WARRAHTS April U* niWiiii An m Urn to "to *mm —> t— to *m- mm to u» »to w» togMg> w t%> uw 40 0.5 i Acma W*****4 0.5 0.5 1 41.0 1 300 607 85.00 3 22 2.5 s AIITach W*****7 3 2.5 3 174 1 100 750 4.00
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      Lock icon SEOUL
      313 25 AFP n Composite Index +1&32 KOREAN stocks rose 3.3 per cent. The index closed up 16.32 points at 507.53. Volume was 351 million shares worth 1.7 trillion won. —AFP *>rtt Anjm Semi 3910 40 Brain Tecfi 585 75 Central Bank 170 unch Cheil Cocnm ***** 600 Dae Gu Bank
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      Lock icon MANILA
      283 25 AFP Q Composite Index -14L23 PHILIPPINE share prices closed one per cent lower yesterday in thin trading ahead of Easter holidays. The Composite Index shed 14.23 points to close at 1,445.26. Volume turnover reached 230 million shares worth 440 million pesos. April Nsa COOO) Abacus Construction 0.60 unch 80
      AFP  -  283 words
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      Lock icon WELLINGTON
      258 25 AFP HHBE-40 NEW Zealand shares yesterday ignored the overnight rally on Wall Street to end virtually flat. The NZSE-40 Capital Index closed up just 0.89 points at 2,050.61 on average volume of NZ$106.4 million. Telecom gained just two cents to NZ$5.85.— AFP April MS COOCl Advantage HDS 0.70 0.01
      AFP  -  258 words
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      Lock icon SYDNEY
      555 25 AFP All Ordinaries +28J0 THE Australian share market closed 0.9 per cent higher yesterday after investors targeted key resource stocks. The All Ordinaries rose 28.9 points to 3,198.5, while the SP/ASX2OO added 31.1 points to close at 3,259.6. The All Industrials Index gained 33.8 points to 5,470.5. The All
      AFP  -  555 words
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      Lock icon BANGKOK
      745 25 AFP P| SET Index *183 THAI stocks rose one per cent yesterday, as bargain hunters homed in on banks, financial and telecoms stocks on expectations of improved first-quarter profit results. The Stock Exchange of Thailand (SET) Composite Index rose 2.83 points to 282.37 while the SET 50 Index edged
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      Lock icon JAKARTA
      733 25 AFP Q Composite Index -104 INDONESIAN share prices closed 0.6 per cent lower yesterday led by big caps as investors realised profits ahead of the long weekend, amid an IMF review of government economic programs, dealers said. The Composite Index closed down 2.04 points at 367.16 with 484.5 million
      AFP  -  733 words
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  • Article
    Lock icon STOCKS sgx
    7890 26 SQXMAMBOABP Gr M Vft 52-Wk Lad Vol Day LatQwrte Ok Ob W KM Cap Avg NWi Uw Cawpiy Sd» +<• fW» HN» tmm tarn 5*f Cw Hi l3 hto MULTMNDUSTRY 153 39.5 t AcmaSOc 42.5cd-0.S 40 43 42 42 42.5 0.5 19.9 0.6 112 73.7 43 41 9
    7,890 words
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      443 27 Where to wine, dine and entertain..."~g(S>&a 2zj2iESi!SiS Let your family have a truly egg-dtlng day with an Easter buffet luncheon, band and Juggling clown performance, magic ventriloquist show, Wonder Kids Acrobatic Show, cartoon show games. $28.80 (Adult). 40% discount (Child under 12 yrs) For reservations, please call 1800-299 9011 or
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      48 27 HIGH TEA FAVOURITES j £n/'qy /oca/ anrf Western favourites in a daily high-tea buffet at The Mezzanine Cafe Bar 12:00 noon to 5:00 pm daily Weekdays: $22.80+++ k /the. Weekends: $23.80+++ nine Reservations: 831-6286 Mandarin Sutgafx<rr wBySI 333 Orchard Road. Singapore *****7 Tel: 737 4411 Fax: 732 2361
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  • Page 27 Miscellaneous
    • Miscellaneous
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      768 27 2*2s XS® T l$ e lLao Detik. an. 7W H MO AM Kids Central: Blue ffiolK T 86 A IXOO aSpS* 1 Home Sg CNATS&t.' ght ?W9 g| 9*o Nini s Tree House. 9,00 ita 8 P eakbfTheDl 30 Search Grid's Best I 10*0 fed.Bear s Dolls Hospi- News 5.00
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      Lock icon Page 27 Miscellaneous Column 2
      279 27 CJtVFTIC CROSSWORD ACROSS hiker (4-2-2) 7 Apprehensive of being shot? 6 Take round circular about uni-(6-3) versity courses (9) 8 Beg to put off retirement (3,2) 9 Fraud thafs little short of a dis--10 All told, twice (3,5) grace (4) 11 Shriek upsets walkers (6) 14 Novel character found in
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  • NewAsiaBizWoman
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      Lock icon Potter magic in Japan
      708 28 Woman publisher enjoys great Muggle success from her translation of JK Rowling's books Reuters YUKO Matsuoka is an enterprising woman, but even she would admit her phenomenal success owes more than a little to the supernatural. Just two-and-a-half years ago, she was a conference interpreter highly
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  • Page 28 Advertisements
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      107 28 projecteyeball. Free, bonus, gift all words you can now use to describe the process of getting inebriated in Singapore. Karl Ho seeks out watering holes with alluring drink offers, so you can start planning your drinking calendar with this morning's issue of Project Eyeball. Don't get happy without mmn%l yn*
      107 words
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      979 28 THE COMPANIES ACT (CHAPTER 50) THE COMPANIES REGULATIONS 1987 SECTION 227N AND SECTION 210/ REGULATION N0.55 NOTICE OF JUDICIAL MANAGER TO CREDITORS OF FIRST MEETING Nam* of Company O.R.Computer System Pta Ltd (Judicial Managers Appointed) Company No ********** Pursuant to an Order of Court dated 30th day of March 2001
      979 words
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      278 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AERO ALLOYS 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 11 April 2001 at I Rue De Hesse 1204
      278 words
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  • Article, Illustration
    Lock icon HOUSE HUNT
    2859 29 East coast attractions: (clockwise from left) Water Place, Costa Rhu and Costa del Sol FILE PHOTOS Property transactions for districts 14,15 and 16 lodged between Jan 8 and Apr 9. PROJECTNAME/ PROP CONTRACT TENURE BULT-W/ PRCE PSF STREET NAME TYPE DATE LANO AREA* (SOFT) (STOOO) (St) District 14
    FILE PHOTOS  -  2,859 words
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  • OVERSEAS PROPERTY
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      Lock icon Showcase for Aussie property funds
      1308 30  -  The online venture will enable private investors and fund managers to access details of property syndicates over the Net sounder sdtoh reports SURINDER SINGH [SYDNEY] ANEW venture, pertySyndicates.com.au, has been formed to showcase property syndication products online for the first time in Australia. Bazcan Limited
      FILE PHOTO  -  1,308 words
    • Article
      Lock icon A$500m of Aussie properly being offered to S'pore investors
      565 30  -  Portfolio comprises office buildings, hotels and suburban shopping centres and development sites By' Vince Chong A PORTFOLIO worth up to Assoo million (*****.8 million) of Australian commercial property is being offered to Singapore investors at a time when the Aussie dollar
      565 words
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      159 30 Experience the unique cherm of dining et Millenia Walk. A■• .r:•' A:^■ A^A^AAvA 1 A Whether it's a cuisine you crave or a setting you desire, Millenia Walk offers a tempting assembly of restaurants and any taste. All with their own special settings. Dine al fresco by the cascading waters
      159 words
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  • PROPERTY
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      Lock icon A $100m makeover
      394 31  -  Temasek to overhaul the biggest block in Alexandra Distripark, reports bmpiwhj KALPANA RASHIWALA THE Temasek unit that took over Alexandra Distripark from PSA Corp just a few months ago is embarking on a nearly $100 million overhaul of the biggest block in the ageing complex. Sources told
      ARTHUR LEE  -  394 words
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      Lock icon New homes for sale
      521 31 DEVELOPEFV OWNER DISTRICT LOCATION SIZE TOTAL UNfTS NO. OF PRICE TENURE (8Q ft) LAUNCHED UNITS SOLD ($pef) River Place FEO 3 Havelock Rd 678-3,229 509 424 950 99-yr Caribbean at Keppei Bay Keppel Land 4 KeppelBay 840-6,135 430 310 850 99-yr Sunshine Plaza Res CDL 7
      521 words
    • Article
      Lock icon Redas chief too busy to think of retiring
      709 31  -  Lob Soo Eng is definitely not taking things easy at age 61 By) Kalpana Rashiwala AT 61, most men would be contemplating retirement. But Loh Soo Eng, the newlyappointed president of the Real Estate Developers' Association of Singapore (Redas), is not quite
      709 words
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      101 31 NOS. 3/A/B 9 NORRIS ROAD \\J Plot 1 Plot 2 Nos. 3/A/B Nonis Road No. 9 Nonis Road A 3'/2-storcy building A 2-storey building 7 Land area: 245.8 sq.m. Land area: 506.0 sq.m. Within Little India Conservation area Freehold Tender closes: 25/6/01,3pm PROSPECTIVE TENDERERS ARE INVITED /A TO BID FOR
      101 words
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      Lock icon Page 31 Advertisements Column 2
      81 31 Suntec Tower Two ik #36-01 2,3365f #36-02 4,8335f M #36-03 2,9285f M Total 10,0975f 0 For sale on a whole floor basis. High Floor with excellent seaview Smart Investment Direct Access To City Hall MRT station J Excellent IT infrastructure including broadband access Asia's Vertical Silicon Valley for IT and
      81 words
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      Lock icon Page 31 Advertisements Column 3
      148 31 birthdayl and I the I lP^pponti|Bp > iL \n i §Epfr*.* And If s not just any present, more than Sslo,ooo worth of gifts and prizes* are up for grabs! WIN! Sony Digital Camera Pioneer Mfcroiffisstyte System Philips MP3 Player Palm Handheld OSIM Pro Therapist I Creative Webcam And even
      148 words
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  • EXECUTIVESuite
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      Lock icon Giving developers' image a spruce up
      1045 32  -  One of Redas president Loh Soo priorities is changing the public's unflattering perception of developers, kalpama rashiwala reports KALPANA RASHIWALA LOH Soo Eng may well have to count on the Chinese chess skills he has mastered over the years to see him through his
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      177 32 St. Martin Residence Inspired by the languid lifestyles 0/ the past. Designed and built to peerless perfection Come home to a luxurious resort. Freehold for your lifetime's enjoyment S H A N G RI LA St. Martin Residence Phase 2 is now available for sale C D un^c. Come view
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      275 33 Reuters THE Baltic Dry Index rose one point to 1,428, the Baltic Panamax Index gained seven points to 1,553, the Baltic Handymax Index fell 33 points to 9,197 and the Baltic Capesize Index was down one point to 1,709. TIME-CHARTER: ♦Seafarer—(built 2000) 75,706 dwt delivery Southwest Pass Apr
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      Lock icon MARITIME STOCKS
      296 33 S8X '000 April St *h W CWT Distribution 0.50 unch 23 Chuan Hup 0.33 0.03 940 Cosco Investment 0.16 unch 170 Freight Links 0.06 0.01 506 GB Holdings 0.40 unch 0 IMC HoMlngs-HK 5.60 unch 0 Jay* Holdings 0.14 unch 61 KeppelCorp 3.04 -0.02 499 KeppelFELS 0.86 0.02
      296 words
    • Article, Illustration
      Lock icon M'sian port operators seek detailed plans for central port body
      484 33  -  Uncertainty since minister announced plan for National Ports Commission By Beth Jinks [SINGAPORE] Anxious Malaysian port operators have called upon their government to release details of its plan to create a centralised port authority. Uncertainty has increased since February when
      484 words
    • Article
      Lock icon Owners identify hijacked cargo ship Inabukwa
      429 33  -  Manila to deport alleged hijackers From Alec Almazan in Manila The Indonesian owners of the hijacked cargo ship Inabukwa have identified the vessel being held by Philippine authorities as the same ship, the Philippine Coast Guard reported yesterday. Representatives from the state-owned company Pelayaran
      429 words
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      Lock icon NCL revises plans for Hawaiian cruise market
      409 33  -  By. Donald Urquhart [SINGAPORE] Star Cruises Norwegian Cruise Line (NCL) has revised its deployment plans for the Hawaiian cruise market, announcing recently that it will deploy its new US$4OO million (***** million) 91,000 GT cruise ship in Hawaii from next December. The new
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    • Article
      Lock icon South Korean freighter with 28 aboard missing off Japan
      212 33 AP [TOKYO] A South Korean freighter with a crew of 28 was yesterday missing in the Pacific Ocean off the coast of south-western Japan, the Coast Guard said. An air search found an empty lifeboat bearing the name of the Honghae
      AP  -  212 words
    • AGING ships
      • Article, Illustration
        Lock icon Shooting the ship
        1241 34 Judging a ship by its age is not the right thing to do; thorough structural inspection is a better alternative ABS Surveyor Perhaps it's true that the character of the owner, not the age of the steel, is the single most important factor affecting a ship's condition
        ABS Surveyor; ABS SURVEYOR  -  1,241 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      178 34 PAGE Appenship 5 Assets S Austral 6 Balaji Shpq 5 BSA 7 B'tanq Mas 6 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 Central Ex 6 Cho Yang 5 China Shpq 5 Couqar 7 CWT Clobelink 7 Delmas 4 Djak Lloyd 6 Donqnama 3 Eastrans 6 ECL
      178 words
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      Lock icon SHIPPING GUIDE
      12266 40 THEBUSINESSTIMES Pa 9 e 8 EXPORT THURSDAY, APRIL 12, 2001 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number iiiinf i "ilium iiiMWMwwptr ii«w miUwwmmwii>wwiin* "in 111 To ABIDJAN (ABJ) 2003 Cote D'lvoirc 24/04 29/05 Detmas SAUDI JUBAIL H42W (5-*****44 25/04 M/06 C0SC0 EMPRESS SEA
      12,266 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        769 42 Vessel Voy No Berth Arrival Doportor C Progress M-Oct 10/04/7:55 8/04/1748 Bt Rfeo lii ***** J01 8/04/848 8/04/204X Tropical 28 06*01 J05 KV04/WX) 10/04/17:00 Winstar 1 040S01 J03 10/04/8:15 10/04/214)0 Dong Yih 1050 J06 10/04/8:00 8/04/234X TakhMi 1 Mar-01 J15 10/04/8:25 11/04/54)0 BayswaterlW ¥1091 J02 10/04/830 10/04/16.-00 Sing
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        Lock icon CONTAINER SCHEDULES
        2002 42 RECEIVING Or EXPORT Fa CONTAINERS AND LCL CARGO BooMnf/Balanct Rstls Ship Voy No Etb/Btr Ptriod Frw To Frew ACHIEVER 400 12/20*0 8 10/1500 10/1659 Oct-OO 2A 10/1700 11/0659 1V0900 2* 10/1700 1V0659 n/0900 3 n/oroo n/iet ii/moo 4 WOO 11/M99 11/1700 AO SEAGULL 013* 12/23:59 10/800 N/1659 0ct-00
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        Lock icon GLOBAL HOLIDAYS
        187 42 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 Friday. Germany: Good Friday. Ireland: Good Friday. Thailand: Songkran Festival Day. Apr 16 United Kingdom:
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      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        789 42 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
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        Lock icon VERITAS BUNKER QUALITY REPORT
        556 42 Carbon 180 Max 991.0 2.3 13.1 0.28 194 0.06 Apr 5 Density Water Residue Ask Aluminium Sediment No above E2S 0 10 110 380 Ave 984.7 0J 12.7 0.07 21 0.02 Ciim 380 Max 990.7 LI MJ 0.11 64 0.03 MAT3 v/v M/M MAI tfn taw*
        556 words
    • AIR & LAND transport
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        Lock icon Boeing eyes longer range 747-400 freighter
        653 43 The 747-400XF will have range extended by 1,000 km to 9,200 kmwithall3 tonne payload Reuters [LONDON] Boeing Co is discussing the launch of a longer range version of its 747-400 freighters with the aircraft's existing operators, Boeing officials told Reuters. The 747-400XF will have
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      • Article
        Lock icon Hongkong sees drop in air cargo handling in Q1
        283 43 Fall mainly due to softening in import demand in the US AFP [HONG KONG] Hong Kong Air Cargo Terminal (HACTL) on Tuesday reported a reduction in cargo handling in the first quarter this year mainly due to a softening in import
        AFP  -  283 words
      • Article, Illustration
        Lock icon London's tube privatisation dispute to go to court
        217 43 AFP [LONDON] An intractable row between London's mayor and Britain transport ministry over whether London's Underground rail network should be partly privatised is to go before the High Court here. The court agreed on Tuesday to hear the dispute over four days
        AFP; FILE PHOTO  -  217 words
      • Article
        Lock icon Cathay Pacific eyes mainland opportunities
        245 43 But it says it doesn't have anything to confirm or announce though it's exploring the market Reuters [HONGKONG] Cathay Pacific Airways Ltd said yesterday it is still looking for opportunities to invest in mainland China, but declined comment on reports that China Airlines was the
        Reuters  -  245 words
      • Article
        Lock icon Japan 'won't charge CAL execs over crash'
        308 43 AFP [TOKYO] Japanese prosecutors will not charge four executives of Taiwan's China Airlines (CAL) over a 1994 plane crash in Japan that killed 264 people, a news report said Monday. The Nagoya District Public Prosecutor's Office decided not to indict the executives for
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      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1802 43 on mad eu moff n» AdataMa BA7381 1930 8A7382 2055 0f81 1930 Of82 2055 Master** $0327 0705 GA978 0t30 KU37 M55 M.838 2255 SOW 2335 Ml*m S0347 OHO $0348 22S5 *KUMd N***** 2045 U428S 2045 nam 2045 ioa» 20c BUrtn CH48 0935 BM21 tWO S0182 0910
        1,802 words
    • LOGISTICS page
      • Article
        Lock icon Siliconix hub returns to S'pore from Subic
        474 44  -  The US-based firm finds that Singapore has 63 carriers and offer greater options, writes JUNE UM JUNE LIM AFTER moving its logistics management hub to Subic Bay three years ago, Siliconix, US-based manufacturer of discrete power semiconductors, has returned to Singapore to capitalise
        474 words
      • Article, Illustration
        Lock icon SAirGroup to sell back stakes in freight firms
        222 44  -  By Beth Jinks [SINGAPORE] SAirGroup will sell back the holdings it purchased in forwarding company Panalpina and its big stake in airfreight express company SwissGlobalCargo. SAirGroup bought 10 per cent from Panalpina and the two companies jointly founded SwissGlobalCargo of which SAirGroup
        FILE PHOTO  -  222 words
      • Article, Illustration
        Lock icon UPS picks Clark as new regional hub
        299 44  -  Froml Alec Almazan in Manila UNITED Parcel Service has entered into an agreement with Philippine President Gloria Macapagal Arroyo to establish a new regional hub at the Clark International Airport. The Atlanta-based express carrier and package delivery company pledged to invest US$3OO million
        FILE PHOTO  -  299 words
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      3 33 rr» 1 www.maritimeChain.com
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      53 33 Gauging it Jt. <♦. Judging a ship by its age is not the right thing to do thorough > structural inspection is a better alternative, Pg 2 Siliconix hub returns to S'pore from Subic, Logistics Page. 12 l§§gmoif d a 'm/SmeKi Boeing eyes longer-range ■y IT|T 747-400 t freighter, Pg
      53 words
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      204 34 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 4 Tfi i l -"--j Af jtjClime w NIPPON YUSIN KAISHA
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      756 34 Lines services represented by Members of (be Registry of Members of the fclßSil/ Accredited Shipping Agents. Singapore Logistics Singapore Shipping Association Association SULY UNC MALE •> < V I vessel voy Tn* Tn* eta P. KLANG STORE MALE Empress Uly VO4Ol 24/04 25/04 30/04 Princess Lily VO4Ol 03/05 04/05 11/05
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      1224 35 SAX SERVICE (DIRECT) vissa voy sin n* iax oak pal hou CHI COi MEM Ml NYC API SARDONYX 026E 17/01 01/02 OS/02 05/02 05/02 05/02 05/02 05/02 06/02 06/02 API TURQUOISE 040E 24/01 08/02 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 API JAM 026E 01/02 15/02 19/02 19/02 19/02
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      1768 35 TO AMI T/T MO MYSI Vr JEDDAH T/Tll2 DAYS I AQABA T/T: IS DAYS I GENERAL AGENTS IN SINGAPORE: M ROHNSON ID #12-00 SAUS/WGS TE: *****57/43 FAX: *****21/71 MALAYSIA OfUCI: PASIR GUDANG TEL 07-*****66 FAX: 07-*****70 fAfTAR SHIPPING PTE LTD SINGAPORE *****8 OUTWARD (8/1) 4205*02 *****25/75 PORT KLANG 03-*****633 03-*****668
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      418 35 sin JKT m LaniKwanJ fKA L LAM UM LM LJK/im HTUHDAI SfHHTtK B2S UM IUSA HYUNDAI SPRXTtR OS7S 13/04 20/04 22/04 20/04 74/04 25/04 mic mun IQSS lt/M IfiZQi 2MH HMQSANMU 0130 14/04 10/04 20/04 W& DORIS WULFF 103S 23/04 25/04 27/04 KMTC REELUNG IOSS 15/04 17/04 ***** 11/04 22/04
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      1453 36 C SENATOR LINES TOEUHOPI TOMIIXX£EAST/ttAN/Rg>SEA wssa vot sw tat m w HMI IB M IvKsa I vot aw mi do jb> KKMGSBUTOR 0010W MM 02.05 27.04 74.04 02.05 0105 30.04 UU DHAK 0014W 14.04 2144 24.04 2M4 2».04 HMMSM6MDH 0054W 13J4 05.05 04.05 03.05 04.05 07M AISAIAHU 0014W 21.04 2U4
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      922 36 p.ouoang:(ot)3mm HW \~J cm NO. tWmMMM 8IBU: <084)*****9 MANRJL (632) *****24 W PeiANQ: (04) *****36 BANGKOK: (662) *****67 BURABAYA: (31)*****11 P- KELAWQ: (03)*****77 JKE (21) *****46 KUO6NQ (062) *****1-3 CEBU US$l/CBM MV "PACIFIC EAGLE" V.142N ETA SIN 18/04/2001 MV "INTRA BHUM" V.158E ETA SIN 25/04/2001 BOOKINGS PLS CALL; 220 2022
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      518 36 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N.SHEVA (CFS MULUNO. MUMBAI) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I.C O POINTS VMMI VOY SPORE N.SHEVA COCHIN COLOMBO P.KLANG FRONTIER 10<W 15 APR 24 APR 27 APR 30 APR 04 MAY PU GLORY 108W 22 APR 01 MAY 04
      518 words
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      1571 37 Good Newsl Good News! IRISL accepts LCL cargo from Singapore to Bandar Abbas in the weekly container service w.e.f. "Iran Tabatabaei /f /PCL2O3 eta 21/4/2001 AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INDONESIA SINOSE MARITIME PTE LTD CR NO:**********0H BOUSTEAD SHIPPING AGENCIES SON. BHD. PT. SMOSE CONTI PERSADA TEL:
      1,571 words
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      462 37 4 IFrl k I Loading for TAHARA RDM/ATW/BMN/UK I GOOD FRIDAY RDM/ATW/BMN/UK I OCEAN RANGER RDM/ATW/BMN/UK I Loarte Singapore, E7W. lytotoj lia. Ifxtonema J Loading for SAFEER JDH/AQA/DMT EVDOXIA HDCVJDH/AQA YA LATIF DBVABU/DOH/BRN/DMM/KWT PAUL X JDH/AQA/DMT SOUTHER STAR 1 JDH/AQA RAMIER DBI/ABU/DOH/BRN/DMM/KWT PIONEER SUN DBt/ABU/DOH/BRN/DMM/KWT EFFYN JDH/AQA/DMT toads Singapore, E/W.
      462 words
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      1425 37 EXPORT IMPORT I ars ljj|a|B^|ptp|p|^|!{|p|« lll lffi jffi 1 jffin iu row loiiw |n/os |ii/S|io/5| n/S| 12/o*ll3/oi(m/m hjWasSngton |ojh 26/04 |is/04 130/04 103/*****/05 TRANSPACIFIC SiITVKI EXPORT —HI QUI BBW 13^)1/*****/S HJ GBW HOOIK ftt BWIIDI/TOOO IMPORT"HI WJMSTW rWSt 0W *t «6W/1? (60S IAOWOHJB)IlBI»»Wiain>IK6(B/H VBia I vot Ism id I oak
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      592 38 ANNOUNCEMENT New Service to Red Sea Ports (Every Sunday) Routing Singapore Port Klang Colombo Aden Jeddah Aqaba Port Klang Transit Time (Exports) From S'pore (Direct) To Colombo 5 days To Aden 10 days To Jeddah 12 days To Aqaba 15 days Maiden Voyage mv. 'Uni Assure' Voy. 0001-020W Eta Singapore
      592 words
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      957 38 BANOKOK/MAP TA PNUTVLAIM rtlHillfl »n»wwa»^ rasa vot sw brr «p ioi vpsa I vot sw ffi_ _ffl_ cmmiHUM iww 14/ M lIAM 17/04 huhhum <m MAM 17/ M WWW *L__Ml 20AM 20/04 U*o«- «3 IS/04 11/04 19/ M miHumuM- 51 a 17 ah 21/01 ooa«nim» Q7<s 14/04 if/04 Mm 2un
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      525 38 INDONESIA NATIONAL LINE TO AUSTRALIA "1 FULL CONTAINER BERWC6 WY kg sm m m srp m m m. m roRDMI OB 10/0417/94 17/H 29/04 01/0$ 04/05 NTKHBK wT a/04 74/04 30/04 Ob/OS 00/05 11/15 nmmatu "as" »/04 oi/qs ~"ii/wiyiii/i» ~u/mT" OftIVWT m 17/0500/05 14/05 20/05 27/05 75/05 FEEDER SERVICE TO
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      411 39 BSA il mm MYANMA wBBk FIVE STAR UNE (Myoamar National Lm«) Loading for Vugm VESSH VOY SIN PRI PEN PGU •AGO 11«W 510 MONGU 45W 24/04 MALAYSIA AGENTS: 00USTIAD SMffMG AGENCIES KUL TH 03-*****00 PKL TIL 03-*****101 PEN: TH 04-*****02 PGII: TO. 07-*****21/4 BANK LINE (A strvict of Andrew Woir
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      1284 39 HMk HYUNDA^AERCHANTJNJARINECOj^TD^^^^^^ IVBSB WT 1 SOII 181 RIM ANT NAM RBV [m" 1 VOT I SOU lUH I RTM ANT H*M RRV 181 HY FORMS 301W M/M 01/05 25/04 26/04 a/04 20/04 «*!YNI VLS42I 23/03 14/03 10/03 20/03 11/04 ARGONAUT 032W 12/04 30/04 05/05 02/05 03/05 API AIMANRBB *****1 19/03
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      942 39 WALLENIUS WILHELMSEN TO MOUTH UK LATW AMERICA "QUI HMO HEAVTUfT SiRVKT ivissa vot mr hbght an ur |mo mia say mi otF nyc new I moo TALABOT AMI 09 4001 m 6.3 M 24/04 03/06 06/06 00/06 10/06 11/06 13/06 17/06 19/06 TAMKRE AMIIO 4001«h 6JM 07/05 13/06 16/06 10/06
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  • Page 42 Miscellaneous
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      125 42 »i<^r^' 12)E~~~~~~^»„J LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers 0 Rain Temperature Cp/ yy int j direction and speed in knots Cloudy Day Wea,h< 'j 32 Sea Conditions Wind speed symbols r O Full circle w/o line indicates calm or light and variable winds -'—•One half fleche
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      46 44 With DHL s efficient inventory delivery, you save on warehousing. That way, your profits go up, your boss's confidence in you goes up, and DHL delivers a boost to your career. For more, just call DHL at 1800-285 8888 or visit www.dhl.com.sg y y j m
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