The Business Times, 14 May 2001

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Total Pages: 48
1 48 The Business Times
  • 15 1 THE BUSINESS TIMES MfTA (P) 107/03/2001 SINGAPORE Internet: http://business-times.asial .com.sg/ MONDAY. MAY 14. 2001 85C
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  • 61 1 stock rarer dtoices Week Change ST1 1,703.35 .11.49 SIMSC1 FUTURES.... J212.3®.—+OiiO BTSRi 687.97 4J26 KLSECOMP. 571.92 4.97 NIKKEI 14.043.92.....-377.72 HANG SENG 13,636.61...+245.62 SET INDEX. Jl«.93... > +44§ JAKARTA COME.—..J79J6. -5.28 MANILA COMP- l,484-83~.+42J7 TAIPEI WP1 5,232.72......-11.33 SEOl'L COMP.. 583.06. -2.54 CLSA CHINA B 3479.18 AUST ALL ORD....~132gJO....+4648 DOW
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  • 1260 1  - Another -point cut expected from Fed Wall Street now second-guessing Fed's move after tomorrow's meet Fromi Andrew Marks in Washington ALL eyes on Wall Street are now trained on the Federal Reserve and the stumbling US economy, instead of earnings reports and other corporate news. The next meeting of the
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  • 77 1 FOREX BATES US$ SI USSfSSperUSS) L816 £(US&5S per S) 1.421 1679 FOO(USS/SS/E) 0.880 LSM DM 1228 1.226 YEX 122.7 «7jW RM 1800 1094 HKS 7.800 4196 BAHT 46.47 26.06 RUPIAH ***** 6,172 St to 100 units NUMERATES SINGAPORE* 5.88 KUALA LUMPUR 7.67 JAKARTA .39.06 BANGKOK 9.50 MANILA 11.00 HONGKONG
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  • 678 1  -  New Chinese GEO aims for 3 years of profits, dnal listing From. Loh Hui Yin in Suzhou, China FAR from being the failure it is often perceived as, the Suzhou Industrial Park in China is brimming with plans to
    STEVEN LEE/ST  -  678 words
  • 688 1  -  Thirteen of 24 Senate seats and 209 in lower honse being contested Frorn Al Labita in Manila THE future of the Philippines, for better or worse, is at stake today as Filipinos elect new leaders with the recent spate of political
    AP  -  688 words
  • Page 1 Advertisements
    • 128 1 INSIDE Top Stories Multi-board directors will become notable exceptions: recruitment strategist. Next Pmgm SembCorp tie-up to build USs3oom Cambodia project. Pg 3 Auditing the audit committee. P9* Fortune Jade joins unit trust giveaway sales ploy. Pg 8 111 B^B7lB1 t *****4 There's nothing more important than clarity in international business
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    • 13 1 B*pore market outlook upbeat, Pg 6 Bosh on Fed's 'good policy \Pg 15
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    • 84 1 In BizlT 1 f I W" ii^ yjfli Focus on long-term opportunities in semiconductors, says EDB. Pg 2 m Turnaround in next six months, says Gartner. Pg 2 W Largest Semicon Singapore exposition. Pg 2 V Are IC foundries growing too fast? Pg 6 Shipping Times S'pore needs; Hfl to
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  • NEXT page
    • 777 2  -  Increased fiduciary responsibility will demand more time of directors: recruitment strategist Reports by. Anna Teo [SINGAPORE] Corporate bigwigs in Singapore like Koh Boon Hwee can sit on as many company boards as there is demand for them. But, as in the United States, this
      777 words
    • 879 2 Bnt rival Korn/Ferry's online recruitment office in S'pore says it's profitable [SINGAPORE] The Internet's a great distribution channel but it's no business model and especially not in recruitment. So says executive search firm Russell Reynolds Associates, which, unlike some of its competitors, eschews
      879 words
  • Page 2 Advertisements
    • 103 2 DANIEL ROTH "Premier" Exclusive Daniel Roth module. tm The dragging retrograde hour hand Wk advances 210° to return instantly to its point of departure before continuing its yoANlf, SINGAPORE THE HOUR CLASS Takashimaya S.C. i\ MALAYSIA THE HOUR CLASS Lot 10 Shopping Centre, Tel 734 2420 Scotts S.C. Tel 235
      103 words

  • SINGAPORE companies
    • 781 3  -  I-i ri exclusive Venture with Phnom Penh Municipality will build flood control and drainage system once it is cleared by Parliament By\ Harish Mehta fPHNOM PENH] SINGAPORE'S SembCorp and Phnom Penh Municipality are setting up a joint venture to build a US$3OO million
      AFP  -  781 words
    • 1268 4  -  si si#] ili =< governance PETER WALLACE highlights the key issues to be addressed during such a review, which should be done periodically to ensure the firm gets maximum value FEVER WALLACE The writer is practice leader, Enterprise Risk Management, of Ernst Young Singapore. Email addresS:
      1,268 words
  • Page 3 Advertisements
    • 245 3 r > ofl H* E mtl^ lis I IE- PSI SH&~ I l^f^l i^HIB Jb 8 jfj* i HBBHHI hi i i i^Wr'- IBKMPBE^^WPWI^HI^^M^B K mPk *ljsr -^B More than just a credit card, a Citibank Visa or MasterCard opens the door to a whole new lifestyle. |||3Mff***** 0 9|MH
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  • Page 4 Advertisements
    • 1782 4 omni OMNI INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the 6th Annual General Meeting of OMNI INDUSTRIES LIMITED will be held at 53 Serangoon North Ave 4, Singapore *****2 on Wednesday, 30 May 2001 at 10.00 a.m. for the
      1,782 words
    • 112 4 A SEMINAR ON CORPORATE GOVERNANCE recent developments FEATURING SPEAKERS FROM DREW NAPIER LLC ERNST YOUNG NANYANG TECHNOLOGY UNIVERSITY overview of the new Code of Corporate Governance implementation of the new Code implications of the Code for the audit committee overview of directors' duties under common law and statute Raffles Hotel,
      112 words

  • Page 5 Advertisements
    • 493 5 t un •£vv:- V,;» o o V. 4» -C Q •.1 v V.;. o t t u» V o> t I" 5 J; M ■V :v--' -i 1 V **lit A, t p.- 'wV I/) if 0 f O 2 k b 1 J x o x v N-. v
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  • SINGAPORE markets
    • 675 6  -  I Jl comment YOUR MONEY r. sivanithy AS winter in the US so famously described as the season of discontent gives way to spring, one has to wonder if the new season will be one of nervousness or recovery? Or will it
      675 words
    • Article, Illustration
      422 6 Source: JM Sassoon Stocks Volume AddvafTech 2.5c 85,224,000 SingTel 15c 80,306,000 IPC020C 70,862,000 TPVUS1C 67,788,000 Golden Agri US10c 60,209,000 WahShing R 2.5c 50,221,000 PacificCenturyl 0c 46,483,000 Asia Food&Prop 45,453,000 Parkway H 25c 40,003,000 Autron 37,808,000 Stocks DBSGrp 146,940,066 SingTel 15c 136,250,076 Datacraft 10c 136,687,777 Chart Semiconductor 26c 129,346,611 UOB 104,847,390
      Source: JM Sassoon  -  422 words
    • 173 6  -  WARRANT WATCH By R Sivanithy AFTER a solid —albeit brief rally soon after listing, the Strike Engineering warrant has slipped from its high of 14 cents to 10.5 cents. In the process though, liquidity has remained relatively good —over 3.2 million units traded
      173 words
    • 260 6  -  HOT STOCK By' Ven Sreenivasan THE stock of United Overseas Bank (UOB) chalked up one of its biggest intraday rises in recent days as it surged 50 cents to $11.50 on Friday on rumours that it could be poised to buy into a Hong Kong-based
      260 words
    • 117 6 ♦JADASON Enterprises Ltd will hold its AGM on May 25, 2001, at 3.00pm, 1 Raffles Boulevard, Suntec City, Room 313, Level 3, Singapore International Convention Exhibition Centre. ♦SEKSUN Corporation Ltd will hold its AGM on May 28, 2001, at 10.30 am, 511/513, Yishun Industrial Park A. ♦MAYFRAN International
      117 words
    • 574 6 AFP [HONG KONG] Asian currencies ended the week mainly firmer, notably the long-suffering Australian dollar which received a boost from expectations of another US interest rate cut. The anticipated 0.5 per rate cut by the US Federal Reserve also figured
      AFP  -  574 words
  • Page 6 Advertisements
    • 240 6 Parkway Parade (Basement 1) from 7~ 20 May 2001 North P°' nt eve '> Near Yishun Bus Terminal) from 10 ~20 May 2001 Anchor Point (Basement 1, Main Atrium) from 10-20 May 2001 AIBI BRINGS YOU THE BEST BRANDS IN FITNESS... .works 6 G«t Ton*d Up with th« N«w WH
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  • Page 7 Advertisements
    • 74 7 Winner of the 2001 e-Bank award: Bank Of Singapore It would have been virtually impossible without you! I Without all of you who bank online with us, we wouldn't have won this I year's e-Bank award for excellence in eCommerce solutions. Credit also > I accenture I goes to the
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  • SINGAPORE news
    • 284 8  -  =tt=4 on the economy retail trade By\ Eugene Low RETAIL sales are likely to weaken in line with falling COE prices, says a report by research house Forecast. Using COE prices as a leading indicator of ex-motor vehicle retail sales, Forecast
      284 words
    • 534 8  -  Deal for Ist 10 buyers of Fortnne Jade works ont to 7 per cent discount By Vince Chong FORTUNE Realty is the latest developer to dangle unit trusts $50,000 worth in the form of a voucher before prospective buyers of its Fortune
      FILE PHOTO  -  534 words
    • 356 8  -  Garry Hawker Investment Consulting Practice Leader William M.Mercer (S) Pte Ltd Singapore WE refer to the letter, "Explain difference in expense ratios" by Leong Sze Hian (Mailbag, May 2). The expense ratio figures included in Mercer's reports are not calculated by Mercer. They are
      356 words
    • 455 8  -  MAILI rETTI Dr Tea Ho Pin President, Case I REFER to the letter "Can Case please look into the RTC issue?" by Sam Chong (Mailbag, May 11). I would like to thank Mr Chong for his feedback and for being
      455 words
    • 379 8  -  Long Peng Yang Singapore I REFER to the letter "How did S'poreans get so spoilt?" by Annie Chua (Mailbag, May 9). She ascribed the government's role to that of a parent and Singaporeans as ungrateful children lacking an appreciation for the government's efforts. I
      379 words
  • Page 8 Advertisements
    • 774 8 AMARA HOLDINGS LIMITED (Incorporated in tke Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Amara Singapore, Level 6, 165 Tanjong Pagar Road. Singapore *****9 on Tuesday, 29 May 2001 at 10.00 a.m., to transact the following business:AS ORDINARY BUSINESS
      774 words
    • 86 8 We welcome letters. E-mail us at btletterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 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 mind
      86 words

  • Page 9 Advertisements
    • 330 9 -Jpk ''%t Llooo* m WmJ %T j -!&0^ :<' J'-' Selecting the best fax is as simple as dialing Canon •>;. ,x v V' r s f'j ''t<" ;> V y .j. %:<:■■?.<■ V x V Need sheer faxing speed? Or a personal fax with a small footprint? %0f a
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  • New Asia Biz Woman
    • 955 10 Friends and neighbours from Pembroke Pines, Florida where super-model Niki Taylor grew up say she's a nice, regular person even after she became famous. And she's had her share of tragedy, not counting the recent accident NYT HER face has graced magazine covers around the world. For
      NYT; FILE PHOTOS  -  955 words
  • Page 10 Advertisements
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    • 54 10 Hißil 9L. t t oJK .4 F B BtnrmWm U ■T Am -rtd6 1 < -Jk 1 *JH H S^ k Ihk 9 I A jM L HP- Wr Bftl I iM h W Bp* Wr |H I JiJH I wf^^ urn In H I f 9 If F 1
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  • REGIONAL news
    • 688 11  -  I=ll comment KL STOCKS Despite recent govt efforts, concerns linger over RM peg, corporate health, Impending change in MSCI weightings eddie toh THE Malaysian stock market has continued to languish, despite major changes introduced in the past two weeks to make it
      688 words
    • 315 11 KUALA LUMPUR Reuters THE lure of Malaysian shares for foreign investors, already dulled by questions about governance and politics, is likely to suffer further with this week's changes by influential index compiler MSCI. Analysts polled by Reuters expect Morgan Stanley Capital International's
      Reuters  -  315 words
    • 330 11 KUALA LUMPUR They are snapping up US$, spreading RM devaluation rumours, he says AFP PRIME Minister Mahathir Mohamad has exposed the activities of some currency speculators who are buying large sums of US dollars in anticipation of the government devaluing the ringgit, a report said yesterday.
      AFP; REUTERS  -  330 words
    • 453 12 BEIJING Move points to worst than acknowledged bad debt in state banking system FT THE Bank of China is set to announce a sharp increase in its level of non-performing loans signalling that the amount of bad debt throughout the
      FT  -  453 words
    • 494 12 AFP [NEW DELHI] A former movie star with a criminal record, Jayaram Jayalalitha, looked set to regain control of Tamil Nadu state as results poured in from the May 10 provincial elections. In southern Tamil Nadu, Mrs Jayalalitha's All India Anna Dravida Munnetra
      AFP  -  494 words
    • NOTE Book
      • 91 12 AFP [MADRAS] Renowned Indian novelist R K Narayan died in hospital at the age of 95 early yesterday, friends and family announced. N Ram, one of Narayan's close friends and editor of India's Frontline magazine, said Narayan died of cardio-vascular problems. Narayan was
        AFP  -  91 words
      • 92 12 Bloomberg [TAIPEI] Computer maker Acer Inc said offices of five of its units, including Aopen Inc, were destroyed by a fire in buildings adjacent to its Taipei headquarters. The fire raged through a 26-floor office building where Aopen and four other closely held Acer
        Bloomberg  -  92 words
      • 75 12 Bloomberg [KUALA LUMPUR] Malaysian layoffs rose 64 per cent in April from a year earlier to a 15-month high. Malaysian companies, including units of US companies such as Motorola, National Semiconductors Corp and Seagate Technology, pared a combined 3,927 workers in April, the
        Bloomberg  -  75 words
      • 68 12 AP [KUALA LUMPUR] The entire length of peninsular Malaysia from the Thai frontier to the border with Singapore will be served by a double-tracked electrified railroad within seven years, a report said on Friday. Transport Minister Ling Liong Sik was quoted by Bernama as
        AP  -  68 words
    • 459 12 ■HONOLULU At meeting's end, Asean+3 progressed in building currency swap deals network Reuters THE Asian Development Bank (ADB) wrapped up its annual meeting on Friday saying the region was now much better prepared to weather economic turbulence but
      Reuters  -  459 words
    • 1164 12  -  WRITER'S JOURNAL With closer ties with the US, will Premier Vajpayee also reach out to South-east Asia? karim raslan The leader of the world's most populous democracy arrived in Kuala Lumpur yesterday for a four-day visit. After Fidel Castro's showmanship, the Indian Prime Minister, Atal Behari
      1,164 words
    • 374 12 BOMBAY Bloomberg INDIA'S central bank said it has reduced to 7.5 per cent from 8 per cent the ratio of cash banks are required to hold as a proportion of deposits, which will free up more money for
      Bloomberg  -  374 words
  • Page 11 Advertisements
    • 53 11 Modern Peranakan... Continuing The Tradition V A#. 1 THE \/m blue ginger 1 RESTAURANT 97 Ia ii |on j» paycr road, si n <4 apo re OSSS I S to I: 222 V>2S unit 05-02 C the hci'ii'ii. 260 orchard road. Singapore- *****5 tel: S3? V)2S l or C alt-rinji.
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    • 83 11 Oracle saved $1 billion in 1 year using our own E-Business Suite. The Oracle E-Business Suite is engineered as a complete and integrated system. We finish our software so you don't have to. You save time and money. You get better information. Simple. Get the facts at www.oracle.com Copyright ©2001
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  • WORLD news
    • 659 13 TOKYO Ripplewood leads the way with 2 more acquisitions of distressed firms it hopes to torn around AFP FOREIGN funds are increasingly stepping in to buy failed Japanese firms, turn them around and sell them at a profit. On Friday, acquisitive US venture capitalist
      AFP  -  659 words
    • 196 13 WASHINGTON Fed, other agencies say investors who focus on yield can be a less stable source Bloomberg THE Federal Reserve and other bank regulators have warned banks about the dangers of brokered deposits and interest-rate-sensitive deposits sold through Internetbased brokers. "Excessive reliance on these types
      Bloomberg  -  196 words
    • 316 13 TOKYO Reports say LBt yen went to the banks despite concerns AP JAPAN'S government used more than 1.8 trillion yen (5526.6 billion) of public money to shore up banks in March 1998, despite concerns from top finance and business officials that some lenders
      AP  -  316 words
    • 37 13 [BEIJING] A boy plays at a fountain in a Beijing park in an attempt to cool offduring a hot summer afternoon yesterday. The temperature soared over 29 degrees Celcius in the Chinese capital. REUTERS
      REUTERS  -  37 words
    • 241 13 ATLANTA Price not disclosed in Coke's second purchase this year Bloomberg COCA-COLA Co, attempting to overtake PepsiCo Inc as the biggest seller of non-carbon-ated drinks, bought closely held Mad River Traders, the maker of Energy Hammer juice. The price wasn't
      Bloomberg  -  241 words
    • 317 13 MEXICO CITY LAT-WP THE Mexican government on Friday slashed its projection for economic growth this year because of the impact of the US slowdown, the latest in a flurry of setbacks for the five-month-old presidency of Vicente Fox. The growth estimate was
      LAT-WP  -  317 words
    • 444 13 They bay luxury property to launder billions of dollars AFP RUSSIAN gangsters have begun infiltrating Australia and buying up luxury property portfolios as part of multibillion-dollar moneylaundering operations, police said. The police commissioner in New South Wales told local media in an
      AFP  -  444 words
    • 645 15 WASHINGTON Proposal allowing more mines, refineries, reactors has more lasting effects on businesses than his tax cut: officials LATWP US President George W Bush plans to emphasise the need for conservation and alternative fuels when he unveils his energy plan this week, but the
      LATWP  -  645 words
    • 252 15 LONDON Reuters BRITISH banking group Barclays pic is considering making a friendly offer for Abbey National, stepping in as a "white knight" if competition authorities approve rival Lloyds TSB's hostile bid for the mortgage lender, the Sunday Business newspaper said. It said
      Reuters  -  252 words
    • 387 15 AFP [WASHINGTON] Perry Como, who died yesterday a week before his 89th birthday, was one of the 20th century's great American crooners whose name was a byword for what was to become known as "easy listening" music. With a string of hits like Magic
      AFP; APFILE PHOTO  -  387 words
    • 526 15 WASHINGTON He believes 'good policy' from Fed will tnrn the economy around AFX-Asia, NYT PRESIDENT George W Bush said he believes that "good policy" from the US Federal Reserve will enable the economy to recover from its current downturn. Speaking to reporters in
      AFX-Asia,; NYT; AFP FILE PHOTO  -  526 words
    • 640 15 WASHINGTON It provides new benefits for the working poor LAT-WP AFTER weeks of negotiations, the chairman and senior Democrat of the Senate Finance Committee unveiled a bipartisan tax cut plan on Friday that broadly cuts income tax rates and provides significant new benefits
      LAT-WP  -  640 words
    • 390 15 FRANKFURT Bloomberg THE European Central Bank (ECB) and a UK market regulator declined to comment on a newspaper report citing unidentified Liffe futures traders as saying there was a "leak" before the ECB's rate cut on Thursday. "We
      Bloomberg  -  390 words
  • Page 13 Advertisements
    • 299 13 GENERAL FINANCE INTERNATIONAL BUSINESS i A The Leeds MBA was QadßS ranked one of the world's top 100 programmes by University of Leeds The Financial Times. For an application, please contact PBS. Our 29th intake commences in July 01. For details, logon to pbschool.com.sg or contact 338 6778 PBS Marketing
      299 words

  • Page 14 Advertisements
    • 3178 14 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 II V LI PSA L Clipsal Industries (Holdings) Limited (Incorporated in the Republic of Singapore) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Level 1. Pacific
      3,178 words
    • 757 14 APOLLO GNT|SPRIS€S LTD NOTICE OF BOOKS CLOSURE DATE NOTICE IS HEREBY GIVEN that subject to shareholders* approval for the Dividend, the Transfer Books and Register of Members of the Company will be closed on 7 June 2001, (the "Books Closure Date") for the purpose of determining shareholders' entitlements to the
      757 words

  • Page 15 Advertisements
    • 181 15 Ist1 st JUNE 2001 HOLIDAY INN PARK VIEW 9.00 AM 5.00PM sth5 th JUNE 2001 HOLIDAY INN PARK VIEW 9.00 AM 5.00PM FEES: S$ 490.00 Inclusive of lunch, 2 coffee breaks, training materials and Certificate of Attendance) SPEAKERS: DR. CHRISTIAN GRONROOS Professor at Hanken Swedish School of Economics Finland An
      181 words

  • COMMODITIES & futures
    • 614 16 AFP [LONDON] Oil prices held steady last week, buoyed by interruptions to supplies from Nigeria where disruptions at two export terminals led to temporary shutdowns. GOUfc good as. Gold prices rose towards US$27O an ounce as a combination of invest-ment-fund buying, central bank interest rate cuts and rising
      AFP  -  614 words
    • Article, Illustration
      1231 16 ffnTftAPOEEOOTERIIiimTSECPRinBSDIPIC?ATI?BPEICBS AMP iiuDb Week ended May ll MM MM Tf cwm wiwity u*t yth m on* tw tmmm mwHi cx» ytm m turn 2-YR 2.250 OI-Apr-OO N*****0S 2.30* 2.28% 99.90 99.95 SYR 3.250 H*****0X 3.07% 2.15% 100.35 100.55 7-YR 5.625 01-JuHK) NX*****H 3.35% 3.33% 114.35 114.45 SYR 4.125 01-F#b-03 NS*****T
      1,231 words
    • 1830 16 SI CO M FPTURBS Mayll RUBBER (Mm closing m at SJOpn) RSS1 CONTRACT(S ccntsAq) ClOSO Vohwe Op* Month High Low Sett (tonnes) Interest Jon 01 109.25 Mm 109.75 250 Aug oi 110.00 250 Sep 01 m.50 250 RSS 3 CONTRACT (US ccnts/kg) Month Mgh Low Sett (*«tl) WW Jun 01
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  • Page 16 Advertisements
    • 26 16 N M ROTHSCHILD SONS I I n I Tel: 65-535 9677 65-535 9100 F ax: 65-535 8713 Email: trcasury@rothschild.com.sg Call Rothschild Treasury Services today* Website: www.nmrothschild.com.sg
      26 words

  • MARKET outlook
    • 241 17 HONGKONG AFP PROPERTY and financial stocks are expected to lead the Hong Kong market early this week on increasing expectations of a US interest rate cut, although further gains could be limited, dealers said. The Hang Seng Index gained 245.71 points
      AFP  -  241 words
    • 499 17 NEW YORK Dow, Nasdaq weighed down by fears that Fed may ease rate cuts in the face of strong economic data AFP US stocks lost ground last week, ahead of a key Federal Reserve meeting, which could result in yet another cut in
      AFP; AFP FILE PHOTO  -  499 words
    • 460 17 LONDON Heavyweight British Telecom a drag as it unveils £6b cash call AFP THE London stock market rallied brightly last week thanks to interest rate cuts in London and Frankfurt but it will take another cut in rates across the Atlantic in
      AFP  -  460 words
    • 333 17 TOKYO AFP TOKYO share prices will probably rise this week as an expected rate cut by the US Federal Reserve was seen triggering a rally on US bourses, brokers said. Hi-tech issues will turn likely targets of bargain-hunting if the US authorities
      AFP  -  333 words
    • 856 17 Sydney +46.4 AUSTRALIAN shares are poised to challenge the market's record highs next week after steady momentum pushed the main index to within striking distance, brokers said. After the SP/ASX 200 posted a record closing mark of 3,389.0 points on Friday, there was speculation the benchmark All
      856 words
    • 1938 17 Reuters, Bloomberg Pftrii +111.70 FRENCH stocks fell on Friday, led by computer-related companies such as Atos Origin SA, amid concern the economy will not rebound quickly enough to justify recent gains. France Telecom and Alcatel SA also declined. Renault SA advanced after Europe's fifth-largest carmaker said it
      Reuters,; Bloomberg  -  1,938 words

  • STOCKS klse
    • 449 18 AFP P Composite Index -517 THE Malaysian bourse is likely to drift sideways in coming days after falling one per cent last week, an analyst said last Friday. "Without any significant new leads, the market is expected to drift sideways. It will likely consolidate to try
      AFP  -  449 words
    • 9480 18 INDUSTRIALS Cmsmmt products 2001 Last Vol W««k Net Cap High Low Company Sato '000 High Low P/C $mU 340 290 Ajinomoto 292 18 H8.4 45 24.5 Anqkasa 29.5 -3 n 32 29 43.5 342 282 Apollo rood Hkj 304 -2 3 304 304 6.6 121.6 356 266 Asia File 280
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  • Page 18 Advertisements

  • STOCKS sgx
    • 1585 19 BONDS WARRANTS wt Ms nml u»in sr., a > z. jrt, a. a. a. s. w t. xs° 7 4 4 05 05 °i i SS «8 I 22 2.5 S AllTeCh WOlOoUf <a c 10 oo i njt 9 in AQ m .«k wrm(Viin 20 18 21.5 19 29.1
      1,585 words
    • 807 19 RECOMMEHPA'riOWb Compiled by Thomson Financial I/B/E/S The stock recommendation it the average of aH the recommendations submitted by ncmMMcunaTmai cnRFTAST COMPANY NAME TWSWEEK LAST WEEK EPS«)PE(tirrm) mendatjons are placed on a 1 to 5 points scato and averaged to produce a mean recommendation. K1 ventures Limited Underoerform Underperform
      807 words
    • 590 19 SGX Derivatives Trading Weeklyßoundup FRIDAY was a painful end to an abysmal week for Treasuries. Carnage followed a week of heavy government and corporate issuance in the middle of the curve, which underperformed sharply after volleys of firmer-than-expected data shot down prices. The
      590 words
    • 8965 20 SGXMAIHBOARD Gr Gr M«R 52-Wk Last Vol Week lad Quote Mr Mr *M MM Cap Avg Wall taw CQTiy Sal» W- COBB) HN» Uwr Mm Mjt CV Wt W Ma MULTI-INDUSTRY 143 35 c Acma 50c 40 cd -8 2582 45.5 35 40 40.5 0.5 19.9 0.6 10.5 69.4 40
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  • Page 19 Advertisements


  • Page 21 Advertisements
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  • Page 21 Miscellaneous
    • 869 21 c'- Wanted To Ban. Surla on Red Empire (R). •JO AM Kids Central: Alle- Just^o?Laughs 4 00 shJpJXg Media H me Headllffi/Singapore fjfrtWindogr. *-00 Gary Rhodes At The 5.00 Update. ,®J0 Nini's Tree House. Table. S-Eki Pukul Tonight in Person 10.00 Rugrats. 430 What's For Dinner. jH5 (R)/Asia Beyond. 10-30
      869 words
    • 245 21 CRYPTIC CROSSWORD ACROSS 5 The ways of townsfolk (7) 1 Wild lads can bring dishonour 6 Left in a fix —so unenlightened (7) (5) 5 Excellent though not top-grade 7** tome, dates may be offered fruit (7) as an alternative (7) 9 Make a sketch in the pub, being Th
      245 words

  • Page 22 Advertisements
    • 415 22 H K VH ■■■■■■■■■■■I ■■HHHHHHHHHHBBBHHBMMHBBI Jmk I I I I Wm II II Jf h |F7F r AT v jfi| |H w -Is** .jdMfli jV E-i ifc*- V r r »V I I I i |||jjH| I r, i^F I I? J .fl j&. 4^ 1) 3 Com Technologies 20)
      415 words

  • Page 23 Advertisements
    • 173 23 TOP STORIES kj iij I fi"i kn I mWwmmmmm- IH. Semiconturnaround likely in next six months P|2 ./■;•> ,*<*. TV rt" 1 Despite the current shaky outlook for sales, companies should focus on long-term growth opportunities, Bs^Sim tellsntmowm.pga $P^^f«i I—^^JiiteB; ..ni, J»MM—^ 4% "'I x'-'a 9 ii SaHC(m scenario VDespite
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    • 49 23 TOP STORIES Semicon turnaround likely in next six months 11 New, unique displays from DVI here res The latest digital cameras from Kodak FgS V: Online payment through interactive TV nil COMMENTARIES TugWfloclW: Shakeup imminent in data centre space P*3 Ir&nOoh: Are 1C foundries growing too fast? Pl« SSMC
      49 words

  • BIZIT
    • 1104 24  -  m exclusive Last year, the 11 fabs here produced $24.9b worth of output and accounted for 30% of the electronics industry's output of $82.3b By. David Boey WHILE the current outlook for semiconductor companies seems hazy,
      1,104 words
    • 494 24  -  Singapore's semiconductor market grew 31.7% last year to reach US$B billion, says a new study by Gartner-Dataqnest By Raju Chellam THE semiconductor industry should see a turnaround in the next four to six months, globally and regionally, according to a new study by Dataquest,
      494 words
    • 338 24  -  By. RajuChellam DESPITE the global downturn in the semiconductor industry, this year's Semicon Singapore held last week was the largest so far. It attracted more than 8,000 trade visitors and had about 280 companies exhibiting their wares. The event was inaugurated by EDB's chairman Teo
      338 words
    • 873 24  -  Its shares plummeted after the US District Conrt rilling, falling as mnch as 29% By Phil Milford, Susan Pecker Bloomberg [RICHMOND, Virginia] Rambus Inc lost a court battle early this month to protect its patented design for high-speed computer chips, threatening a stream of
      Bloomberg  -  873 words
    • 1124 25  -  lii comment INFOTECH According to one study; right now thB Asia-Pacific co-location space Including Singapore is among the most expensive In the world tang weng fai The writer is a BT Correspondent. JUST when is there too much of a good thing? Take the
      1,124 words
    • 556 25  -  By] D Ian Hopper AP [WASHINGTON] When users install the next generation of Microsoft's Windows operating system this fall, they will get an Internet chat program automatically. Plus a new security program, a DVD player and software to make personal CDs. Rivals and some
      AP  -  556 words
    • 1070 26  -  Japan's wireless giant, under attack at home, plots a global gush By 1 Benjamin Fulford IF you want to know how cozy business gets in Japan, take a look at NTT DoCoMo's hotselling iMode wire less data service. In just two years DoCoMo has signed up 22
      1,070 words
    • 625 26  -  It will attempt to rally developers behind new products like chips for mobile smart phones and cell phone-enabled organisers By] Lucas van Grinsven Reuters [LONDON] US semiconductor maker Intel Corp eager to increase its presence in the communications industry which is growing
      Reuters  -  625 words
    • 452 27  -  The New Zealand-based company, which opened its Singapore office last week, will use the Republic as a launch pad to commercialise its display technology platform in Asia By, Janice Lee NEW Zealand-based Deep Video Imaging (DVI) last week introduced its unique "actualdepth" display technology platform here.
      452 words
    • 754 28  -  SAYIH Four new foundries in South Korea, five new labs In China, Singapore'! SSMC, Malaysia'* Stlterra and Ist Silicon threaten a glut In the market ivan goh The writer is a senior engineer with a leading IC foundry; he previously worked in a major
      754 words
    • IT TAKES
      • 41 28 US-BASED wireless silicon designer Transilica Inc has opened its $1.8 million Singapore Design Centre, its first outside the US, to offer semiconductor modelling and design services to Transilica's partners in the Asia-Pacific region. For details, fex *****14.
        41 words
      • 45 28 SINGAPORE General Hospital has implemented US-based StorageTek's solution —including one tape library, three tape drives and its Application Storage Manager (ASM) software. The solution enables SGH to set storage policies, and to store, back up, retrieve and move data, StorageTek said.
        45 words
      • 46 28 US-BASED Manugistics Group Inc has launched its Singapore office, which will be its South-east Asian regional hub, and will introduce its Enterprise Profit Optimisation solutions in the region. The office will be headed by Jan-Martin Witbreuk, managing director for Manugistics South-east Asia.
        46 words
      • 29 28 VERITY Inc, a US-based provider of infrastructure software, has opened a regional sales office in Singapore, headed by Patrick Lee, district sales manager for South-east Asia.
        29 words
      • 50 28 SINGAPORE-BASED communications supplier TD-Services Pte Ltd, a subsidiary of Teledata (Singapore), has tied up with Portugal's Altitude Software to supply and install its Unified Customer Interaction solution for call centres. The solution delivers one view of the customer in real time, across voice, e-mail, web and WAP channels.
        50 words
      • 30 28 FRANCE-BASED Swan SA has tied up with Singapore-based Ingram Micro Asia, a subsidiary of Ingram Micro Inc. Ingram Micro Asia will distribute Swan's Vision 64 infrastructure management solution.
        30 words
      • 41 28 US-BASED e-biz security provider Argus Systems Group Inc has tied up with Singapore-based eGlobal Technology Services. eGlobal will deliver and support Argus' solutions, such as Pitßull Foundation and Pitßull .com Pack, in the Asia-Pacific market. For details, visit www.argus-systems.com.
        41 words
      • 39 28 JAPAN'S Toshiba Corp and Matsushita Electric Industrial Company Ltd have launched their Singapore joint venture —AFPD Pte Ltd—which will manufacture low-temperature polysilicon TFT LCD panels. AFPD will be headed by Toshiaki Fujii, who will be its president.
        39 words
      • 51 28 SINGAPORE-BASED Commerce Exchange (Comex) said it will develop a suite of e-biz solutions based on US-based Netflsh Technology Inc's products and technology. Comex will use Netfish's XDI technology as its infrastructure platform for its logistics solutions, and include Netfish's product components into its solutions. For details, check out
        51 words
      • 43 28 DATACRAFT Asia has appointed Frank Pang as director (services) and David Cheah as chief information officer. Mr Pang was previously senior vice-president (global services) with Logistics Information Network Enterprise Ltd in Hongkong. Mr Cheah was previously CEO of Asia eßiz.com.
        43 words
      • 43 28 HEWLETT-PACKARD Singapore has appointed Dumas Chin as country manager for its Business Customer Sales Organisation. He succeeds Tan Lee Chew, who is now general manager of HP services for Asia-Pacific. Mr Chin was previously sales development director at HP Asia-Pacific.
        43 words
      • 38 28 LYCOS Asia, a joint venture between Terra Lycos and and Sing Tel, has appointed Benjamin Gilbey as vice-president of business development. Mr Gilbey was previously founder and president of business development at Orientation.com.
        38 words
      • 37 28  -  -Compiled by 1 Trina Foo AN IT business networking event, "We are the enablers", will be held tomorrow at Hard Rock Cafe. It is organised by eAngelz. For details, go to www.eangelz.com, or email ruth(cveangelz.com.
        37 words
    • 505 29  -  l-ii exclusive During the collection cycle, Theofinance's network will update the clients' accounting system and let them monitor the status of their invoices By Tang Weng Fai London-based Theofinance Pic last week launched its electronic Invoice management services in Singapore, targeted at exporters who
      ARTHUR LEE  -  505 words
    • 425 29  -  Singapore's call centre market is projected to grow from US$2O.5 million in 1999 to US$7O.4 million by 2006, growing at 19.3% between now and then By Melissa Sim GLOBAL One, a member of the France Telecom Group, last week launched three new global
      GLOBALONE  -  425 words
    • 382 30  -  Company is hoping households will find the simple features attractive By Chua Hui Min US photographic products giant, Eastman Kodak Company, last week launched two digital cameras with a new docking system targeted at consumers. Kodak's Easy Share PCdocking system, which allows images to be
      382 words
    • 555 30  -  By David Lawder Reuters [HONGKONG] Taiwan personal computer giant Acer Inc in five years will be focused sharply oh its core branded PC-related products and systems integration and will produce more than 50 per cent of its products in China, chairman Stan
      Reuters; FILE PHOTO  -  555 words
    • 158 30 Xinhua [DALIAN] This coastal city of northeast China's Liaoning Province has recently been designated by the Ministry of Science and Technology as a showcase for the software industry, the first of its kind ever in China. Dalian, backed by its advantages in city construction, infrastructure and
      Xinhua  -  158 words
    • 816 31  -  Need to get wired in Moscow? YouH probably have to deal with Anatoly Karachinsky By Tomas Kellner Copyright 2001 Forbes Global Inc THE road to new wealth in Russia usually snakes through a clique of well-placed politicians and gangsters to a rich Siberian mine or oilfield.
      Copyright 2001 Forbes Global Inc  -  816 words
    • ON THE SHELF
      • 81 31 INTERMEC Technologies has introduced its new handheld computer the 700 —which offers full wireless capabilities and PDA features, plus support for peripheral devices such as printers and cell phones. It comes with 32 MB RAM, a Compact Flash slot, a VGA touch screen, and an infrared
        81 words
      • 89 31 HEWLETT-PACKARD has released its HP LaserJet 9000 series of printers, which come with cluster software and four levels of security to restrict unauthorised access. The HP LaserJet 9000 can print 50 pages per minute, comes with 64 MB RAM and an optional 3,000-sheet stacker, and costs
        89 words
      • 39 31 ADOBE SYSTEMS Inc has unveiled the Adobe Acrobat 5.0, which supports Open Database Connectivity (ODC), extensible Markup Language (XML), and connects pdf forms with back-end databases. It costs $449; upgraders pay $179. Details at www.adobe.com/products/acrobat.
        39 words
      • 50 31 APPLE Computer has released updates for its Mac OS X and iTunes software. Updates to Mac OS X include the latest version of the Internet file transfer service; iTune updates let users create custom music CDs. Priced at $221, the software can be bought from www.apple.com/singaporestore.
        50 words
      • 56 31 SYMANTEC Corp has introduced its Norton Internet Security 2001 Version 3.0 and Norton Internat Security 2001 Family Edition Version 3.0, which provide intrusion protection and virus detection features, to protect against hackers, viruses and privacy threats. Version 3.0 costs $119; the Family Edition costs $149. You
        56 words
      • 50 31 DIRECT seller Gateway Inc has launched its 7450R, a 1U rackmount server, which runs on a P-*****3 MHz processor, and comes with 4 GB RAM, 3 hot-plug SCSI drives, optional RAID configurations and two 64-bit PCI slots. Prices start from $3,528. For details, go to www.gateway.com.sg.
        50 words
      • 34 31 PARAMETRIC Technology Corp has introduced its Pro/Engineer 2001 software, which includes functions such as direct modelling interface, interactive surface design and reading non-Pro/Engine files. For details, visit www.ptc.com or e-mail ktay@ptc.com.
        34 words
      • 45 31  -  (Compiled by Melissa Sim BROAD VISION Inc has introduced Retail Commerce 6.0, which offers e-marketing, e-selling and e-customer care features. The product uses J2EE technologies such as Java Server Pages and Java Servlet application programming interfaces. For details, e-mail siew-hay. wee@broadvision.com.
        45 words
    • 578 31  -  By Barnaby J Feder NYT [SAN JOSE, California] Personal computer shoppers may not realise it, but they are benefiting from a price war among suppliers desperate for their business. Price cuts on PCs may seem like business as usual. But the new bargains also
      NYT  -  578 words
    • 344 32 Third-party firms to be allowed to use lines to provide Net services: report AP [TOKYO] Two of Japan's largest telecoms plan to completely open their fibre-optic networks for use by third-party companies in a move expected to drastically reduce national Internet connection fees, a
      AP  -  344 words
    • 220 32 AP [ALLENTOWN, Pennsylvania] Agere Systems Inc, a microelectronics spinoff of Lucent Technologies, said it would distribute layoff notices today to 1,025 workers. The cuts, the majority in manufacturing jobs, are expected to be completed this month at three plants in eastern Pennsylvania.
      AP  -  220 words
    • 258 32 AP [TOKYO] NTT DoCoMo, Japan's leading cellular phone company, has found a software glitch in 425,000 new Web-linking phones that sends stored, personal data over the Internet, a news report said on Friday. The latest in a recent spell of mobile-phone problems, the
      AP; FILE PHOTO  -  258 words
    • 336 32 Recycle network planned in Europe to boost demand for new models AFP [TOKYO] Japan's Fujitsu Ltd and Siemens AG of Germany will set up a network in Europe to recycle personal computers to help boost demand for new models, a press report said yesterday.
      AFP; FILE PHOTO  -  336 words
    • 446 33  -  Chief operating officer Chandran also quitting for medical reasons By Ian Karleff Reuters [TORONTO] Nortel Networks Corp, the tarnished star of Canada's once high-flying tech sector, announced big top-level changes on Friday chief executive John Roth will retire next
      Reuters; FILE PHOTO  -  446 words
    • 399 33 Reuters [NEW YORK] Shares of Ariba Inc were off over 14 per cent on Friday, after a key analyst issued a note to clients warning of a potential slowdown in the market for e-procure-ment, Ariba's core business. Deutsche Banc Alex Brown
      Reuters  -  399 words
    • 461 33  -  He says firm expects to grow 30% this year By Rosemary Arackaparambil Reuters [BOMBAY] Nasdaq-listed Indian blue-chip software services company Infosys Technologies is better placed to weather the downturn in the American economy than its US competitors, its chief executive said on
      Reuters  -  461 words
    • 230 33 Reuters [BOMBAY] Microsoft Corp expects sales of personal computers to grow about 6 per cent in the year to June, and by about 8 per cent in the following six months, a top executive at the world's largest software company said.
      Reuters  -  230 words
    • DOT com
      • 436 34  -  MasterCard will be spending US$7O million this year on e-commerce, m-commerce and smart-card solutions. c&iTA bdi Mm reports CHUA HUI MIN CREDIT card giant Mastercard International will offer online payment services to its Singapore subscribers on interactive TV, using a
        RICHARD CHNG  -  436 words
      • 361 34  -  The investment in physical infrastructure alone adds np to USsl.2sm By. Elizabeth Su US-BASED computer giant Sun Microsystems has set up its first Sun University (SunU) in the Asia-Pacific in Singapore to train Sun's employees and partners in technical and pre-sales. Located within CSA's
        361 words
      • Briefly.com
        • 49 34 SINGAPORE-BASED Edge Matrix, which specialises in multi-channel delivery products, said it has acquired Netlife Asia, which provides e-finance solutions. The integration will be completed by the end of this year. The company will keep the Netlife brand, said Edge Matrix's president and CEO, Dinesh Bhatia.
          49 words
        • 45 34 KOREAN management services provider Iworld Networking has launched its Advanced Infrastructure Monitoring Service in Singapore. The service uses Iworld's Site Manager and Site Agent software to monitor servers, network devices, Internet services and databases for systems availability, overloads, failures and insufficient capacity.
          45 words
        • 31 34 MALAYSIA-BASED Asiatravelmart.com and US-based One Travel.com said they will integrate their content into their supply chains to deliver services faster, and to more people. For details, visit http://asiatravelmart.com.
          31 words
        • 31 34 HONGKONG-BASED Mercetela will provide creative strategy and design, localisation and technology implementation services for British Airways' Asian websites, the two companies said. For details, go to www.mercatela.com.
          31 words
        • 50 34 HEWLETT-PACKARD Singapore's Consumer Business Organisation (CBO) has teamed up with Singapore's cybercafe franchise, Bluengine, to let HP Jornada 720 handheld users download information and check e-mail wirelessly from outlets wired with Bluengine's wireless broadband network. The service is available now from 32 cybercafes and 13 A&W outlets. V
          50 words
        • 45 34 HEWLETT-PACKARD'S CBO has also tied up with SMP (Solutions Made Pocketable) Solutions Pte Ltd. SMP's mobile computing and commerce solutions, which includes instant underwriting, electronic application forms and remote submission, are now available to insurance professionals on the HP Jornada 720, HP said.
          45 words
        • 51 34 SINGAPORE-BASED Buzz City Pte Ltd has tied up with China Times.com, the Internet business unit of China Times, a Taiwan media company. Buzz City's track-and-alert technology will cover 14 websites operated by China Times and its 20 content partners, and deliver information via e-mail, PDA, WAP or
          51 words
        • 45 34 THE e-biz division of Singapore Technologies Training and Simulation, Knowledge Alive, has launched a partnership with e-learning firm Inter Wise Pte Ltd to provide corporate users with an online training solution containing both KnowledgeAlive's Enterprise Training Management System and Inter Wise's Millenium software.
          45 words
        • 47 34 GERMANY-BASED Software AG, an XML systems software provider, has opened a web domain for registered Tamino users with XML starter kits. Users can go to www.tamino.com/developer to access news and forums on technical issues, product references and applications of the Tamino XML Platform.
          47 words
        • 38 34 eGUIDE Singapore Pte Ltd has launched its online directory for Australia. Clients can search the one million business listings for information under categories like products and services, brands or companies. For details, visit www.eGuide.com.au.
          38 words
        • 57 34  -  Compiled by Trina Foo USinternetworking, TriZetto Group, Oracle, Interliant and Qwest Cyber.Solutions are the top 5 ASPs (application service providers) in 2000 in terms of customer spending, according to a report by International Data Corp. Together, the top 10 ASPs accounted for 45 per cent of
          57 words
  • Page 24 Advertisements


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    • 330 26 T"1 I h nbes gmnmrmtlon bumlnmaa jpgjgji IBM's, naturally. To find, out. Mote, come to'lßM's'Freedom 1 ■H^HH|||HB^^^Hk to Succeed' seminar. the seminar, you 'II find out how mainframe-inspired service levels without having to pay mainframe-inspired prices. I With IBM's newest® server iSeries, pSeries, xSeries and |tt| zSeries, not only do
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    • 142 27 1 J!IL J v 11 UU:\\StsUtt\ut B>— BB B, l >—B,Bl —<Mß,l—- B,,— B§ BIJ /vi' 1 1 T m jyi 11 I 118 5 IP fPr *^~fSHHHI WB|BBBBBB(BPBPbBpMBMBB*J 11 wJ' m" 111 1'ilwIlliMWIiii 14 m* 1 v -.> M XJBH m K I g„ v^*--p' JI i' /m|§ I
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  • Page 28 Advertisements
    • 363 28 <U*K' 1 SM—-sr ■HI o I IBK gal IE I ffiSBBSaMHRfEjCSz 818 I IHE fciß K ptf <: Kt P' I «b S q| I I I I m j— i k I B I M k V ii L ■■■■■■■II ••:> v i i j wj I Building a
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    • 339 29 \y j...g X? Jvj .r. I iii 'SSII ••^^pfec'." ';.v'..--v;-"■.. lip*-: 0 e,-'-: <'i f 7.:';-': .^':'V i^ r (f "T"/L Iy'l|*\ if* "?j^f^fciQ.C at P ture a th€ nuances of nature with Canon S-series printers. From I ■■/flf^Sf'&dtopty stunning $800 photographic quality printer for the professional -r. vv* !.'>
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    • 40 30 Cut costs, maximise productivity, Think ahead. Evolve, Breakaway Solutions Customer Relationship Management Supplier Relationship Management Partner Relationship Management Employee Relationship Management Enterprise Business Integration I fx, Don't Let Conventional Wisdom Weigh You Down. n Fly Breakaway V n;cAi- >& »''i&j;t& &s§» ,•>■»*
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  • Page 31 Advertisements
    • 257 31 »i >.) i ■.^■■irmmif^, rr-iyir rrnmmtm*mmm m',mt ill WW*^ A f KIB< lIKMII' ■1% „^£j&,7Hl A IfIHKIiHHHHi' ?s .^MBMBMM»^yt^ Announcing the arrival of the new Canon we'vp made it simple to set up and easy to use )&*s*■ *v v LV-5100 portable multimedia projector. At just 2.7 with single-touch leg
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  • Page 32 Advertisements
    • 387 32 Online, Anytime, Anywhere m -MA TV- 1 1 com f through £-Learning with le i ra^:;. W www.purpletrain.com sJZrtMLmbusiness courses J Reply Slip bt 14/05/2001.27x8 l Ifli* n a j i 4 fc' 1 Ptease fax this slip to 883 2508 or send to: Marketing Dept. 51 Bras Basah Rd,
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  • Page 33 Advertisements
    • 164 33 NETWORK TORAGE YOU CAN USE i m storage needs I j |||f p T^S^ are Growing. I ~l~he size of this room isn't. I k 'V-I'' t"'" '>\x Yj A J yfl' Jjp« -W-J n v, ifpiii I Jjgr I i ®r a/ j SMMmfa >* i It's time for
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  • Page 34 Advertisements
    • 190 34 business on the net Soi ARls CSA i, t'rr.P.Z" Vd«*di W lnlffl»i J- lplat>et www.Bun.com.sg Call 1800 FONE SUN (3663 786) for more Information. take It to the n" 4fi§jfifo \4 JV] SUN MICROSYSTEMS PTE UO 1 Magazine Road, #07-01/13, Central Mall. Singapore *****7. Tel: (65) 438 1888, Fax: (65)
      190 words
    • 2 34 #Sun with
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  • SHIPPING TIMES
    • 283 35 Contributed by Simpson Spence Young AN interesting week was enlivened by rumours that General Maritime had committed a number of ships on a subject basis against their forthcoming IPO. This included a bloc of 7 Sovcomflot controlled Aframax size OBO's, built 91/92, which were rumoured to be obtaining
      Contributed by Simpson Spence & Young  -  283 words
    • 307 35 sgx 'ooo tt«rn s$ *h w CWT Distribution 0.S5 0.01 26 Chuan Hup 0.31 0.01 295 Cosco Investment—0.19 0.01 385 FratqM Links 0.08 -0.01 588 GB HoWings 0.38 0.01 20 IMC HoMinqs-HK 5.60 unch 0 Jaya Holdings 0.15 unch 195 KeppelCorp 3.44 -0.06 1251 KeppelFELS 1X»1 -0.03 2949
      307 words
    • 651 35  -  liji exclusive Port has to fight off regional competition to remain leading maritime hnb: MP A By George Joseph [SINGAPORE] Competition from regional ports remains the most pressing challenge for the Maritime and Port Authority of Singapore (MPA), Singapore's port regulator
      FILE PHOTO  -  651 words
    • 675 35  -  LXMER SCENE By] David Hughes ANGLO-Dutch container shipping giant P&O Nedlloyd (PONL) has just announced a strong performance for the first quarter of this year. This continues the carrier's recovery following a downturn in 1999. PONL's operations are spread quite evenly between the Europe/Asia,
      675 words
    • 272 35  -  Under new tough law, Norwegian Sky faces civil penalty case for damping sewage in Alaskan waters By Donald Urquhart {SINGAPORE] A cruise ship belonging to Star Cruises subsidiary, Norwegian Cruise Lines (NCL), has been cited by the US Coast Guard for dumping
      272 words
    • 481 35  -  Fromi Alec Almazan in Manila MALAYAN Towage and Salvage Corp, the Philippines largest towage and salvage company, recently won the second round of its long drawn court battle against Bermuda-based Terra Nova Insurance Company Ltd to recover payment
      481 words
    • SHIPPING news
      • 496 36  -  Shipping body praises IMO for reaching agreement on phasing-oat of single hull tankers Reports from David Hughes in London THE International Chamber of Shipping (ICS) has criticised classification societies for not being able to appreciate the level of reassurance needed that all societies
        FILE PHOTO  -  496 words
      • 264 36 It finds inconsistency in the proposals to improve port services competition THE European Sea Ports Organisation has slammed European Commission port proposals for side-stepping the politically sensitive port subsidy issue. It criticised the impact and extent of the EC's "port package" proposals to
        264 words
      • 153 36 LINER group the United Alliance has dropped financially-em-battled South Korean operator Cho Yang to allay customer fears over delays. Hanjin and Senator, the alliance's other two participants, have ditched Cho Yang's seven ships from two of their main routes after a string of arrests over
        153 words
    • 281 36 PACE Ahrenkiel 12 Appenship 5 Asia OCL 11 Assets 5 Austral 6 Avant 12 B'tanq Mas 6 BSA 7 BTL 12 Bangladesh 11 Balaji 4 Batamindo 11 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 Central Ex 6 Chahaya 12 Cho Yang 5 China Shpg 5 Confer
      281 words
    • 19265 42 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT MONDAY, MAY ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number MM 1 I I MMN HMM I To ABIDJAN (ABJ) 2003 Cote D'lvoirc 22/05 26/06 Setramar VILLE DE VELA 376W 65-*****33 22/05 30/06 ZIM/Seth LAURA S 11W 65-*****12 23/05 27/06 COSCO
      19,265 words
    • SHIPS IN PORT
      • 550 47 Vessel Voy Ho Berth Arrival Departure Gulfwind 1 JM 13/05/9:55 M/05/1830 Marcopolo 56 05/01J JIS 13/05/10:25 M/05/1530 Banqka Off 4 01-May J13 13/05/12:00 17/05/6J0 Muzeyyen Aim 1260 J16 M/05/530 Kimtrans 88 01/Ap J13 M/05/1030 Eastern Hero 68 J04 13/05/1930 15/05/15.-00 Hunjiang 126 J06 13/05/2030 15/05/6.-00 Ocean Ranqer E352
        550 words
      • 1963 47 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO BooMnf/Manc* Rstls Ship Voy No Ett/Btr Pftod Frow To Frew ACX MACNOUA 03TA B/fcOO 2A B/ITOO 0/0*59 0/0900 21 12/1700 13/0659 13/0900 3 tyoroo 0/101 Q/MOO 4 tveoo 13/1459 13/1700 ACX MFTlfS 0501 0/23*0 2A B/1700 13/0*59 MNO 21 12/1700
        1,963 words
      • 800 47 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
        800 words
      • 570 47 Carton 180 Mai 990.2 0.S 13.3 0.07 40 0.03 Mm 10 Density Wafer DtsMut Ask AhmMgia Sedhnent No above E25 0 0 0 0 0 —rr 380 Ave 984.9 0J 13.1 0.06 22 0.02 380 Max 989.7 0.9 15.6 0.09 67 0.04 M/W3 v/v M/M m/m
        570 words
      • 187 47 May 10 Thailand: Royal Ploughing Ceremony May 17 Norway: Constitution Day May 24 Belgium: Ascension Day Finland: Ascension Day Netherlands: Ascension Day Indonesia: Christ Ascension Day May 28 US: Spring Bank Holiday UK: Memorial Day Canada: Victoria Day June 2 Malaysia: King's Birthday JOM4 Malaysia: Birthday's of Prophet
        187 words
    • AIR & LAND transport
      • 303 48 She developed blood clot on flight from UK to HE: report AFP [HONG KONG] A 10-year-old girl has become the latest victim of the so-called "econo-my-class syndrome", a report said yesterday. The girl, who is recovering, developed a potentially fatal blood clot during a 13hour flight
        AFP  -  303 words
      • 399 48 Bat discount carrier keen to maintain its own brand in Australia Reuters [SYDNEY] Virgin Blue said yesterday it was in talks with Australia's second biggest airline Ansett Australia on a possible alliance in a bid to fend off the threat posed by Qantas
        Reuters; AFP  -  399 words
      • 633 48 Proposal would have made them highest paid commuter carrier pilots Bloomberg [CINCINNATI] Delta Air Lines Inc's Comair said pilots at the commuter carrier rejected a contract offer proposed by federal mediators, prolonging a strike now in its seventh week. The proposal would have
        Bloomberg; REUTERS  -  633 words
      • 128 48 Reuters [DUBAI] Dubai government-owned Emirates airline has denied it agreed to pay Air India US$l million (Ssl.B million) a year to secure rights to fly to the Indian city of Hyderabad. The top bureaucrat in India's civil aviation ministry, A H Jung,
        Reuters  -  128 words
      • 276 48 Reuters [LONDON] Flights offering nothing but business class would commence between New York and London next year, under the plans of an aspiring British airline. Blue Fox Executive Airlines Ltd intends to fly two round-trip Boeing 767-300 flights daily between New York's JFK airport
        Reuters  -  276 words
      • LOG Book
        • 97 48 AFP [MOSCOW] Russian airplane constructor Andrei Tupolev, whose father also called Andrei Tupolev created the original designs for the Soviet Union's first all-metal aircraft, has died aged 76, the Interfax news agency reported yesterday. Mr Tupolev, following in his father's footsteps, designed the TU-144, the
          AFP  -  97 words
        • 57 48 AP (HONG KONG] Dragonair said it has begun cargo service flights twice a week with a Boeing 8747-200 jet between Hong Kong and Osaka, Japan's second-largest city. The Hong Kong-based company said two Boeing 8747-300 aircraft it bought in November will enter the cargo
          AP  -  57 words
        • 106 48 Reuters (HONG KONG] Cargo traffic fell 12 per cent year-on-year at Hong Kong airport in April because of market uncertainties overseas, the Hong Kong Airport Authority said yesterday. "Cargo traffic continued to be affected by economic uncertainty in primary markets such as North America,
          Reuters  -  106 words
      • 1790 48 CITY FUCHT CT* FlUT EIB AdotaMo 0f8t 19)0 8*7382 2055 OW MB Amsterdam $0327 0705 K1838 2255 6*975 1035 $0328 2325 KIJ37 1455 Auckland N***** 2045 IH6986 2020 $0286 2045 N224 2020 $***** 2020 ****** 2045 $0285 2045 Mnk tnm wa 8 S«rl 8142) 1100 $0182
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  • Page 35 Advertisements
    • 223 35 Class societies rapped over its response to ISM criticism Pg 2 Virgin Blue In alliance talks withAnsett BaekP gmwtmfi VCconoapclass syndumonhits 10-year-old girl BackPg WALLEM GROUP LIMITED The Wallem Group is a market leader in the shipping service sector providing shipmanagement, agency, broking services and marine supplies. The company is
      223 words

  • Page 36 Advertisements
    • 1299 36 I NORTH AMERICA 1 I EXPORT I I OTHER DESTINATIONS 1 SSX SUPER SHUTTU EXPTOSB DIRECT TO LOHQ BEACH I WETT COACT OF CEHTIWI AMCTIC A (MAWOAHrTA SERVICE} vot I 'lUSai f EIDSM UM6MWM DMIAS HOUSTON OOCAOO MB*TOM NDKDdfY VBSE I VOT IM I PT-QIKTIAL I AtAOTA SAN LOtBCO CONWTO
      1,299 words
    • 721 36 lines services represented by fi Members of the Registry of Accredited Shipping Agents, <g£liJy Singopore Shipping Associotion Members of the '••JKKSj. Singapore Logistics Association CONTAINERS/ CONVENTIONAL CARGO /r%vy —^Ftoti PO«T KIANG/SMGAPORE/JAKARTA 1 lAMGKOK VOY ETAPKL ETA SIN ETA MALE Princess Lily 0401 17/05 18/05 *116 Empress Lit) 0501 03/K 04/06
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  • Page 37 Advertisements
    • 1293 37 TO EUROPE ROM EUROPE Ivtssa voylsm rtm anr ham rrv sou fxt iw I [vesa Ivor m w wwv sou fit ia sw I APISPWa 101W 17/05 09/06 06/06 07/06 04/06 MOLIORt SMI 24/04 26/04 11/04 29/0416/05 MOL ADVANTAGE 002W 11/05 04/06 06/06 09/06 10/06 APIGARKT 1021 30/04 27/04 21/04
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    • 2055 37 1» ADM T/T tlt DATS 1 JIDDA! T/T xl 2 MYS I W AQADA > T/T 115 DATS J GENERAL AGENTS IN SMGAPORE: OOROOMSONRD #12-00 SALES/WGS 1H: *****57/43 FAX: *****21/71 MAIATSU OfFKI: PASMGUDANG TEL 07-*****66 FAX: 07-*****70 £HSTAI SMPPINfi PTC LTD SMGAPOKE *****0 OUTWARD (l/L) *****02 *****25/75 PORT RUNG 03-*****633
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  • Page 38 Advertisements
    • 1372 38 SENATOR LINES TO EUHOPi TO MPPIi EAST/KAN/RfP SEA VtSSfl VOT SIM liH ITU AMI HAW HY FU OTMB VQT SI PI DM JH> IMP HANJMPUIS 0020W IMS 01.04 03.06 04.04 05.04 04.04 07.04 UMUTUUIM OOI4W IMS 24.0S 21.05 0104 0104 TMOEFtEM 0040W 14.05 09.04 10.04 07M tt .04 11.04 FOWMKI
      1,372 words
    • 1004 38 Cmfav: MM COUTH LWES, MC p. qudang: (ot) *****26 l IV/ JCW MOi 18BM7M88W MU: (084)*****8 DMMLA: (832) *****24 V PBMNQ: (04) *****36 BAMQKOBC: (Mi) *****87 SURABAYA: (31) *****11 P. KRAMQ: (03)*****77 JtCT (21) *****46 KUPONQ (082) *****1-3 NEW YORK 1 HAMBURG/LEHARVE MV "ORIENTAL BAY" V.35E19 MV "PAO NEDLLOYD ROTTERDAM"
      1,004 words
    • 461 38 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N .SHEVA (CFS MULUND. MUMBAI) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I.C.D. POINTS Vessel VOY S PORE N SHEVA COCHIN COLOMBO P.KLANG TULSIDAS 142 20 MAY 29 MAY 01JUN 04 JUN 08 JUN FRONTIER 110W 27 MAY FOR DISCHARGING ONLY/PHASED
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  • Page 39 Advertisements
    • 1549 39 VESSEL VOY KHH HKO I SIN I PKL I DXB I BAB DMM BHC IRAN TEHRAN PCL-207 15/05 16/05 19/05 20/05 27/05 28/05 30/05 01/06 IRAN TABATABAEI PCL-208 22/05 23/05 26/05 27/05 03/06 04/06 06/06 08/06 IRAN KERMAN PCL-209 29/05 30/05 02/06 03/06 10/06 11/06 13/06 15/06 IRAN ISFAHAN PCL-210
      1,549 words
    • 434 39 GOOD FRIDAY RDM/ATW/BMN/UK I OCEAN RANGER RDM/ATW/BMNAJK I EFESSOS RDM/ATW/BMNAJK I Loads Singapore, E-/W. Malaysia Indonesia J Loading for RAINIER DBI/ABU/DOH/BRN/DMM/KWT EFFYN JDH/AQA/DMT MORNING STAR DBVABU/DOH/BRPVDMM/KWT WAGLAN LIGHT DBI/ABLWX>VBRNODMM/KWT SEA RENOWN DBI/ABU/DOH/BRN/DMM/KWT CORAL! ADN/HDD PAN EXPRESS HOCVJDH/AQA •Loads SinQapore. E7W. Malaysia. Indonesia Loading for I HANJIN TAMPA VCW/UWMZL I OCEAN
      434 words
    • 1385 39 EUHOPE EXPRESS SERVICE EXPORT IMPORT fflhw St&s Eg H ill il 016W 12/06 29/06 01/07'07/07 03/07'04/071QS/07 HJ GENEVA 0031 31/05 04/0* 06/06 W/06 24/06 EXPORT '**hjv^s^pWMvuott-wwstoutnkhh "higenpn'momn>khhi vdi/woo IMPORT-tuwuwsiaiw«aqui«Hg(B/i?(6(isiAoinDHj>onHiiM>w)wmm o2/1? yrccn IvoT sm Ito 1 oak ttmiG amoa to: n saw ypsa 1 vot I ig» oak 1 sw KJ
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  • Page 40 Advertisements
    • 1133 40 flftftllflfi PW9MN OULF/MOMN SUM CONINMT MRVKS IXPOW VESSEL VOYAGE SGPCMIDWDMNKM NXV ARM JED AM UN ACTIVE 0665-040W 15/05 19/05 25/05 26/05 01/06 LTUOYDIANA 0799-030W 17/05 22/05- YUHE 0168W 18/05 29/05 31/05 04/06 UMAMPIf *****35W 21/05 25/05- 31/05 02/06 04/06 UN PREMIER 0666-002W 22/05 26/05 01/06 02/06 08/06 LT GLOBE *****90W
      1,133 words
    • 822 40 rmWICOMUP TAWHIT/LAI— CHAIAMO JAKARTA/PANJANQ VPSa I VOT SI |MB I HIP I ICN VESSEL VOT I SM I NT Tww lAMmm VM IS/OS 19/05 UHAMBTZ' OM IS/D 5 19/05 m ml. w ~~m miwuHur- sim lt/os i9/os <3?s i /os n7ss CHAMAiHUM 173N U/DS 70/05 19/05 PW IMjj UM JiM
      822 words
    • 708 40 INDONESIA NATIONAL LINE TO AUSTRALIA H FULL CONTAINER SERVICE va wr we m m m stp m m> m m POTSMM m 14/0515/05 25/0527/0529/05 01/06 NTKFMOI W N/05 22/05 21/05 03/06 05/06 08/06 ram mum HT a/os»/os 10/0612/ot is/ot mMM 3fi M/0t 05/06 11/06 17/06 19/06 22/06 FEEDER SERVICE TO
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  • Page 41 Advertisements
    • 427 41 BSA n. Mk MYANMA IOBBk FIVE STAR LINE T (Myanmar National Line) Loading for Yangoi VESSEL VOY SIN PKI PEN PGU ■AGO 11IW SID MONG U 45W SID MALAYSIA AGENTS: lOUSTIAD SHIPPING AGENCIES KUL TEL 03-*****300 PKL TEL 03-*****101 PEN: TEL 04-*****02 PGU: TE 07-*****21/4 BANK LINE (A service of
      427 words
    • 1166 41 HYUNDA^^ERCHANTJWAJIINECOj^TD^^^^ ivßsa voy IMI I sou I i« I »tb I ant I ham Mtv [vcSa l voy I sou I w rtm I ant I ham Itv PTI HYIBBTY 302W 14/05 05/06 30/05 31/05 02/0* J*"* JJ" S/2J M/ 2/2 17/K APLSPWB IOIW 17/05 04/06 09/06 06/06 07/06 £"BET
      1,166 words
    • 937 41 vtftr WALLENIUS WILHELMSEN 10 NORTH AND LATIN AMERICA CAR RORO HIAVYUFT SERVICE" ivpsa voy mr hhght sin i uci mo mia I sav I iai I onf wyc I new mo« 1 TEXAS ANUI 4001 MB 6JM 21/05 27/06 30/06 02/07 04/07 OS/07 07/07 11/07 13/07 TOM AMII2 4001 MS
      937 words



  • Page 44 Advertisements
    • 75 44 GM&S SINGAPORE PTE LTD V N 15 McCallum Street *03-01/02 Natwest Centre Singapore *****5 V J Fax: (65) *****66 Email: eculine net WESTOCEAN LINE 3 SAILINGS PER WEEK TO Weekly Service SHANGHAI l/JV. approved IRAQ shipments ail: 220 3373 SeePgl2 SIN HUP SENG HUAT Looking For Cotton Rags Pn L
      75 words

  • Page 45 Advertisements
    • 646 45 r~| SASIA EXPRESS LINES SINGAPORE AGENT: JARDINE LINER SUPPORT SERVICES Vissa VOY SWGAfOtI HSB GUDAMG POtT KHJWG PfMAHS WAIIAUS PAMGKAOff 05/01 26/05/2001 27/05/2001 20/05/2001 SUOWPUgMBfT 30/o^/2^ol GMOff 06/01 26/06/2001 27/00/2001 20/00/2001 SUP —UORPIT 30/07/2001 GOAOff 07/01 26/07/2001 27/07/2001 20/07/2001 SUOMPUtIMBff 30/00/2001 GOAtHT 00/01 26/00/2001 27/00/2001 20/00/2001 SMOWPUCTWWT 30/00/2001 GMOff 00/01
      646 words
    • 522 45 r73ipDfuNEs —as: I MjW CUSTOMSSOMCE: TH:O2-221-550* HUfc 01-227-1190 MK*WtfcTO«6JOOSHmW6PTmB f 111 ill i|i«» GKOtG ***** 10/05 GKH» HIM 11/05 GIUAH 2117 14/05 SWWUmi >103 H/05 GKWB ***** 11/05 GMJAN >117 14/05 GttIAMC 2197 17/05 «GI ***** 13/05 SWA ***** 16/05 GKIMIG 2197 17/05 GtSUWG 219» 29/05 GUOO ***** 14/05 GISBtG
      522 words
    • 434 45 hm ING ill SHIPPING CO PTE ITD I Tab *****22 (10 Umi) hii 533N31/S3HfM I w ah, isiMwmn VESSEL VOY SIN ETA SMETD DESTINATION Union Sta 10 04/01 12/05 12/05 Jkt Owi Daya 04/01 14/05 14/05 Duma/P. Bau/Buoton Union Sin 32 05/01 15/05 15/05 Suraboyo Union Star 20 06/01 16/05
      434 words

  • Page 46 Advertisements
    • 555 46 I VESSEL VOY SIN MAA SIN I MILDBURG 06N/01 17-18/05 23-26/05 31-31/05 I TIGER BRIDGE 896N 19-19/05 25-28/05 01-02/06 I TIGER SPEED 897N 22-33/05 27-30/05 04-05/06 I TIGER METRO 898N 25-26/05 02-04/06 09-10/06 I TIGER RHYTHM 899N 28-29/05 04-07/06 13-14/06 I TIGER BRIDGE 900N 32-02/06 Q&O9/06 1314/06 IVESSE^^^VO^^SI^^^CA^^SIJ^I OSG ARGOSY
      555 words
    • 1084 46 FREIGHT LINKS IXPRESS PTE LTD 51 Ponjuru Rood, 3rd Level, Freight links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesin6singnet.com.sg MALTA VIUIDEYIIAII9-4 TAICHUN6 UNI ORIENT 0047-079 ETA SIN: 20/05/01 ETA SM: 19/05/01 BRISBANE KOTAWANGISOI HO CHI MINN PHUXUAN 25N ETA SIN: 15/05/01 ETA SIN: 11/05/01 FOR BOOKING: *****35/5539/5541/5553/3494
      1,084 words
    • 714 46 TO gUWOrg CHMA N. EUROPE SERVICE VEssa wr r™"sPn XGG TAO SHA TRADE HAWE 555! I<?MAY 23 MAY 27 MAY 29 MAY 31 MAY HJSM&AMXE —BSIE 26MAY MmaY 03JUKI OiJUKi 07JUN HJ VANCOUVER 0711 02 JUN 06 JUN 10 JUN 12 JUN U JUN HJ SAVANNAH 068E 09 JUN 13
      714 words

  • Page 47 Miscellaneous
    • 128 47 *TOSE 11 12m£ LEGEND Issued by Meteorological Service Singapore K Thunderstorm Showers Temperature °C> r Wind direction and speed in knots Ra,n Weather Cloudy Day cxi Hazy Sea Conditions Wind speed symbols 1 Slight. < 1 2m O Full circle w/o line indicates calm or light and variable winds Woderate
      128 words

  • Page 48 Advertisements
    • 244 48 NOTICE TO TRADE CHENNAI PORT IMMEDIATE CONGESTION SURCHARGE in view of a current situation in Chennai Port resulting in feeder operator experiencing extreme delays at the port; the following Container Feeder Operators serving the Chennai trade hereby announce the implementation of a U5575.00/TEU "Immediate Congestion Surcharge" on all laden container
      244 words