The Business Times, 15 May 2001

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Total Pages: 46
1 46 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY. MAY 15, 2001 850
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  • Article
    Lock icon MARKET SUMMARY
    78 1 □sn MBOJO7 (-23.28) BT-SRI 657.31 (-10.66) ST INDEX rifTUKES M«7jOO (-31.00) SMSQ FUTDBES 20&00 (-4.30) STOCK MABKET INDICES Monday Change KLSE COMP 566.89 -4J3 NIKKEI 225 *****02 -179J0 HANG SENG 1*259.17 477.14 SETLNDEX ***** -8.40 JAKARTA COMP _86&28 -2.08 MANILA COMP dosed TAIPEI WPI 6.170.45 -56i7 SEOUL COMP
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  • Article
    Lock icon FINANCE
    80 1 FORK SATES us$ ss DSS (SS per USS) L816 £(L'SS/SS per L418 1575 EUKO(USS/SS/E) 0.874 1-588 DM 2137 1132 YEN 122.7 67.60 RM 3.800 1093 HKS 7.800 4196 BART 45.47 25.04 RUPIAH 11,388 6171 *S$ to 100 writs PUKE SATES SINGAPORE* a.90 KLtALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50
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  • Article
    Lock icon MSCI reweighting likely to hit govt-linked blue chips
    875 1  -  Funds seen switching to stocks like OCBC, SPH with higher free floats Byi Andrea Tan [SINGAPORE] Government-linked blue chips with low free floats like SIA, ST Engineering and Sing Tel are likely to be penalised by provisional free-float adjustments by Morgan Stanley
    875 words
  • Article
    Lock icon HSBC kills talk of US$200b merger with Merrill
    746 1  -  Merrill chief had set market alight by saying a merger would make sense From Quak Hiang Whai in Hong Kong OFFICIALS from HSBC Holdings yesterday moved quickly to scotch persistent rumours about a merger with Merrill Lynch Co, which gained credence after
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  • Article, Illustration
    Lock icon US in for L-shaped growth phase: economist
    664 1  -  si g exclusive ft/' Ven Sreenivasan [SINGAPORE] A combination of interest rates cuts and fiscal stimulus will save the US economy from sliding into a recession this year. But low capital expenditure, rising job losses, falling consumption and increasing savings rates will send
    RICHARD CHNG  -  664 words
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      78 1 maPE Campus Life Local U: it's a good choice too. Pg 33 Knowledge Economy Innovating out of the (Juke) Box. Pg 31 New Asia BlzWoman Li Lien Fung: Standing tall in the shadows of time. Pg29 Top Stories Inchcape Motors denies plan to buy out minorities. P*3 Philippine poll: Both
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      27 1 Mt ow en Shareholders issue with directors' pay Banks, SIA dragSTl down ahead of Fed meeting, Pg 6 4.2% rise expected in S 'pore exports, Next Page
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      50 1 i The R-word index, and it's not recession Paue 9 Lee Han Shih: Bleak prospects for office space 11 Tank Americaine watih sin| »«>r«• Ngee Ann 1 1\ I«*I 7<4 2427 Hilton International Ihe Shopping t. all <■ r lei 2?". t»2«)> Vtillenia IMS lei f 12 21>U v\ vvw.earlier.t
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    • Article
      Lock icon Analysts expect 4.2% rise in April's key exports
      515 2  -  But recovery seen as temporary, with exports expected to have resumed slide this month Byi Chuang Peck Ming [SINGAPORE] After slipping in March, exports of Singapore-made goods bounced back to growth territory last month, according to analysts polled yesterday. But the rebound
      515 words
    • ON THE grapevine
      • Article, Illustration
        Lock icon Stayin'alive
        64 2 JEFFREY Heng (right), who recently left Centrepoint as CEO, made a guest appearance at a Fraser Neave (F&N) function over the weekend. Mr Heng and Centrepoint's current CEO and deputy chairman, Han Cheng Fong (left), performed a duet delivering an unrehearsed rendition of the Bee Gees number, Don't Forget
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      • Article
        Lock icon Want an IDO (Initial Drink Offering)?
        154 2 IF you like fine wines, here's an investment opportunity you may want to check out. SG Asset Management has set up a fund based on the trade in top-class French wines. SGAM Premier Cru, a venture capital fund, will be 80 per cent invested
        154 words
    • Article, Illustration
      Lock icon Top E50 firm Tee Yih Jia in no hurry to seek listing
      436 2  -  Chairman says it's more nimble as a privately held firm By Eugene Low [SINGAPORE] Tee Yih Jia Food Manufacturing last year's top Enterprise 50 (E5O) firm and one of Singapore's most successful privately held companies is in no
      Photos: ARTHUR LEE  -  436 words
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      212 2 HUBLOT CHRONOGRAPH that Sensational Phi-ling I Si I'l'l I M SI I K! Iv I.M 1 S!I- M' Ul Ms I' < I I; 11 Si KI Wll ii KM i W K; *isi I< ■!<*o \l > ■<< 111 I > S< il'l lln Il< \l lI>Ml 1 II
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Inchcape Motors denies plan to buy out minorities
      434 3  -  Finance director says report of parent seeking to privatise firm is speculative By Christopher Tan INCHCAPE Motors yesterday dismissed a report that its London-based parent was seeking to buy out minority shareholders of its Singapore operations. Finance director Mark Choong said the
      Source: Bloomberg  -  434 words
    • Article
      Lock icon Shareholders take issue with directors'pay
      779 3  -  lock siew| siow li sen Directors of Singapore's listed companies who become hot under the collar when minority shareholders question their paychecks will not relish the latest suggestions in the United Kingdom to let shareholders vote annually on boardroom pay. Directors' fees and share reward
      779 words
    • Article, Illustration
      Lock icon HSBC payout to top execs a doubling from 1999
      528 3  -  Bank acted after finding compensation was behind world standards By Siow Li Sen THE compensation of HSBC's two top executives in the news after it was revealed they receive considerably less than head honchos at much less profitable DBS Bank is
      FILE PHOTO  -  528 words
    • Article, Illustration
      Lock icon SIA's H2 earnings seen falling 28%
      932 5 Analysts cite slowing demand for cargo, passenger services Bloomberg SINGAPORE Airlines Ltd's second half profit probably fell 28 per cent as Asia's largest airline by market value was hurt by slowing demand for both cargo and passenger services. Implied net income in the six
      Bloomberg; FILE PHOTO  -  932 words
    • Article
      Lock icon Sats raises stake in Evergreen unit
      165 5 SINGAPORE Airport Terminal Services Ltd (Sats), a unit of Singapore Airlines, said yesterday it has increased its stake in Evergreen Airline Services Corporation (EGAS) from 19.21 per cent to 20 per cent. Sats acquired another 1.2 million shares in EGAS from Evergreen International Corporation
      165 words
    • Article
      Lock icon Noble Group sets up financial investment arm
      234 5  -  Unit will focus on providing hedge fond products By, Janice Lee NOBLE Group Ltd yesterday announced the setting up of financial investment arm Noble Investments SA to focus on providing hedge fund products for its customers. "Our intention is for the group to
      234 words
    • Article
      Lock icon Addvalue to design wireless game controller
      360 7  -  It signs MOU with US-listed Mad C&tz which has a 15% market share By. Melissa Sim DESIGN house Addvalue Technologies has been appointed by First Luck Inc a San Diego based marketing company to design and supply a wireless game controller for Amex-listed Mad
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    • Article
      Lock icon Moody's rates DBS' preference shares Aa3
      219 7 Bloomberg DBS Group Holdings Ltd's $700 million issue of preference shares has been rated Aa3 by Moody's Investors Service, the rating company's fourth highest investment grade. South-east Asia's largest lender by assets is raising funds to pay for its US$5.3 billion acquisition of Hong
      Bloomberg  -  219 words
    • COMPANY Briefs
      • Article
        Lock icon Boustead has 45.2% of EasyCall
        79 7 BOUSTEAD Singapore said yesterday it has completed the acquisition of a 45.2 per cent stake in Easy Call International. Boustead bought the shares from Beheer-en Beleggingsmaatschappij Amstelhoek BV and has paid the cash consideration of about A 17.01 million (516.5 million) to Beheer-en. Boustead will
        79 words
      • Article
        Lock icon Dovechem unit in Shenzhen land deal
        68 7 DOVECHEM Terminals Holdings said yesterday a wholly owned subsidiary, Imperial Metal Plastic Product (Shenzhen) Co Ltd, intends to acquire the land use right to an industrial plot and building in Shenzhen City, China. The property is now rented by Imperial, which makes and sells
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      • Article
        Lock icon L-J puts off listing engg business
        43 7 LINDETEVES-Jacoberg said its plans to restructure its engineering business through an IPO have been deferred because of poor market conditions. It is considering other options, including divesting the engineering business, to focus on its core motor operation.
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      • Article
        Lock icon Sale to lease Boeing jets to Emirates
        42 7 SINGAPORE Aircraft Leasing Enterprise has signed an agreement with Emirates to lease two new Boeing 777-300 S. The aircraft are expected to be delivered in July and September 2002, each for a 10-year lease term.
        42 words
      • Article
        Lock icon Correction
        49 7 THE Singapore Exchange (SGX) posted net earnings of $81.8 million in the nine months to March 31,2000 —not $82.8 million as reported in Saturday's article, "SGX Q3 bottomline down 89%". Also, revenue in that nine months was $182.8 million, not $187.8 million. We are sorry for the errors.
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      56 3 \)lw- i- V* *m* ixjjfc if miw*»«- >y w •.<<. y^*'' %jj^^ W ll 'WttlMn rr Centre, Level 4, "L JMlferT''. irju» Mtumu Singapore MHf fMnHp •"inwwj m v>mw« nw worw V med 'Mt«»iirtN*mitirtrntyrs thatretHywortf»fywityowcoaywy n tt t *¥fW!(s^'''' im '^t^^^K^^^ mmmm Presentations ThmMhe BU? Education g| unext" ™J£a Cenusr
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      340 3 V KtMlipnlini, Anytime, Anywhere r gh with w PurplelrMi J r jUKKKKtKnr"" THE •'LEARNING PROVIDER Br THE INFORMATICS OROUP Master of Business IS University of Wales Administration ssss Designed to empower students with an excellent corporate grounding based on a mix of specific and broad business oriented subjects, directly applicable
      340 words
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      314 4 TECHNOLOGY lIHMIT IVHV c rt 0;160 I It is my pleasure to announce that MBE TECHNOLOGY PTE LTD l'4*k siT'H -*jBWi. <m fm> I VrH MBE Technology PteLld M a manufacturer of Molecular Beam Epitaxial j^- 1% |H wafer for the high technology arena of compound semiconductor, 11| r JLXj*J5j
      314 words
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      158 5 EDUCATION/ TRAINING The Straits Times Classified. I CATS.) Classifications 703 794. Eunos Paya Lebar Aljunied Paya Lebar /Park Board now and take a ride to the future of light industry. Making future options brighter for quality lifestyle (shops, businesses is a key part of our Jv gymnasiums, cafes) all set
      158 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      318 6 Slocto Vol— AddvalTech 2.5c 25,647,000 AEM-Evertech 5c 16,204,000 SingTel 15c 15,464,000 Golden Agri USIOc 14,162,000 Asia Food&Prop 8,978,000 TPVUSlc 7,892,000 Strike W*****5 7,712,000 PacificCenturylOc 7,679,000 Lankom US2c 7,497,000 Parkway H 25c 6,562,000 Stock* Datacraft 10c 31,956,723 SingTel 15c 25,922,940 Chat Semiconductor 26c 24,822,450 DBSGrp *****,707 UOB 18,470,052 SIA 14,406,584 SPH
      318 words
    • Article, Illustration
      Lock icon Banks, SIA drag STI below 1.700 mark ahead of Fed meet
      626 6  -  I-J I comment STOCKS r. sivanithy TO say that we live in confusing times is an understatement. Markets, it appears, are unable to decide whether it's better to have a strengthening US economy (with less of a need for
      626 words
    • Article, Illustration
      Lock icon Optus covered call: dull debut
      179 6  -  WARRANT WATCH By R Sivanithy WE'VE featured the ÜBS covered call on Cable Wireless Optus in this column before, but since it was listed yesterday, we'll have another look at it. It's worth recalling that this is a zerostrike warrant aimed at giving Singapore investors
      179 words
    • Article, Illustration
      Lock icon Chartered hits upside resistance
      230 6  -  HOT STOCK By' Ven Sreenivasan THE stock of Chartered Semiconductor Manufacturing has rebounded strongly from April lows, but seems to be losing steam lately. It closed 10 cents down at $5.80 yesterday, when a total of 4.3 million shares changed hands. The technicals indicate that the
      230 words
    • Article, Illustration
      Lock icon Yen, euro lead the way lower against US dollar
      556 6  -  hid comment CURRENCIES Less talk now of MAS selling US dollar; political concerns weigh down rnpiah, peso larry wee THE US dollar re-established its dominance ahead of another likely US interest rate cut tonight, testing key resistance levels versus the Japanese
      Source: Reuters  -  556 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2786 6 UNIT TRUSTS FUNDS Manager's prices (Ss):May 15 Ab«nh«w Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.776 0.816 Global Technology Fd!** 0.698 0.734 UK Blue Chip Fd!** 0.794 0.835 American Opport Fd 0.863 0.907 Cont Euro Eqty Fd!** 1.107 1.164 Japan Eqty Fd!** 1.282 1.347 Asian Fixed Income Fd
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      119 7 Balanced Scorecard Deployment Workshop 24 25 July 2001 Be trained by Asia's Leading Expert on Balanced Scorecard Deployment Trainer: Balanced Scorecard is a comprehensive strategy deployment methodology that translates a company's Professor Takeo Yoshikawa business objectives into a set of coherent performance Professor at Yokohama National measures. University and Visiting
      119 words
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      395 7 unidux UNIDUX ELECTRONICS LIMITED (Incorporated in the Republic of Singapore on 29 November 1989) INVITATION IN RESPECT OF ORDINARY SHARES OF $0.06 EACH COMPRISING (A) 900,000 OFFER SHARES AT $0.20 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (B) 18,300,000 PLACEMENT SHARES BY WAY OF PLACEMENT, COMPRISING:(I) 17,865,000
      395 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Minimum sum goes for CPF education scheme
      318 8  -  New withdrawal limit is 40% of ordinary acconnt By\ Liew Hanqing A REVISED CPF Education Scheme will be introduced from June 1 under which the minimum sum requirement for the education scheme will be removed. Instead, a new withdrawal limit 40 per cent
      FILE PHOTO  -  318 words
    • Article, Illustration
      Lock icon Paradigms have shifted: Boon Heng
      390 8  -  Firms will be forced to do business differently, he says By] Eugene Low SEVERAL key shifts including the move from re-source-based to innovationbased growth will alter Singapore's economic landscape and force companies here to fundamentally change how they do business, said Lim Boon Heng, chief
      FILE PHOTO  -  390 words
    • Article
      Lock icon Madeira condo launch draws good response
      390 8  -  By Vince Chong THE Madeira at Bukit Gombak drew fairly good response over the weekend. Over 50 of the 144 units released were sold. OUB Centre Ltd's 99-year leasehold condo was launched at an average price of about $500 psf last Thursday. Marketed by
      390 words
    • Article
      Lock icon Freehold Grange Rd site for sale, price likely to be $30m
      204 8 A SMALLISH residential site in the prime Grange Road area has been put up for sale with a likely price tag of around $30 million. Marketing agent CB Richard Ellis (CBRE) says the freehold site now houses a nine-storey
      204 words
    • Article, Illustration
      Lock icon BT's very own quirky but accurate R-word index
      492 9  -  137W on the economy R-word Number of stories with 'retrenchment' word in BT, ST shows economy isn't too badly off By< Janice Lee A DECADE ago, The Economist the people who came up with the Big Mac index invented the Rword index
      Compiled by BT  -  492 words
    • Article
      Lock icon e-Asean will boost regional infocoms
      322 9  -  Bat members should look beyond region, s&ysCheowTong By 1 Teh Hooi Ling THE key mechanism for Asean to develop a regionwide infocommunications industry is through the e-Asean programme, Communications Minister Yeo Cheow Tong said yesterday. But he also urged Asean members to look beyond the
      322 words
    • Article, Illustration
      Lock icon Invest in India early, urges Indian minister
      573 9  -  Byy Conrad Raj SINGAPORE investors should take advantage of opportunities in India now and not let others steal a march on them, Indian Finance Minister Yashwant Sinha said here yesterday. India is opening its economy further and allowing foreigners to take 100 per
      TAN SUAN ANN/ST  -  573 words
    • Article
      Lock icon Japan parties eye e-mart for oil products futures
      359 9 Reuters [TOKYO] A group of Japanese oil companies, trading houses and foreign firms will launch an Internet-based futures market to trade oil products starting as early as July, participating companies said yesterday. A joint venture to run the new market, to be
      Reuters  -  359 words
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      1089 8 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Super Coffeemix Manufacturing Ltd ("the Company") will be held at No. 2 Senoko South Road, Super Industrial Building, Singapore *****6, on 30 May 2001 at 10.30 a.m. for the following purposes: AS ORDINARY BUSINESS 1.
      1,089 words
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      173 8 IT'S AUTUMN IN NEW ZEALANU THE LEAVES ARE FALLING AND SO ARE OUR PRICES 1 market leader in NEW ZEALAND Free Independent Holidays! Cindy PoTan Sara with excellent Knowledge and Shares a qie.it passion foi Enthusiastic and gives abilit', to ustomep your N/ tout' N/ and aluays tries to the
      173 words
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      23 8 ■r The Straits TimesjjP' Classified where rf virtually every ft J vehicle is J at your jjjjlfcp j fingertips. WMm m If M
      23 words
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      319 9 generation business IBM's, more come to IBM's 'Freedom HMHHBHHWHHkx to Succeed' seminar. the seminar, you find out how to mainframe-inspired service levels without having to pay mainframe-inspired prices. 1$ I With IBM's newest (e) server iSeries, pSeries, xSeries and zSeries, not only do you gain up to 40% more in
      319 words
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  • FOCUS property
    • Article, Illustration
      Lock icon Lower deposit will lead to higher prices
      421 10  -  THE 20% DOWMPAVMISIIT Ang Meng Hua, Richard Singapore I REFER to the letter "Call to ease 20 per cent downpayment rule" by Tan Suan Mong (Mailbag, May 3). Like Mr Tan, I am a young professional and also aspire to own a private
      FILE PHOTO  -  421 words
    • Article
      Lock icon Separate genuine and speculative buys
      422 10  -  Chua Seek Ann Singapore I AGREE that lifting the 20 per cent down payment rule for property purchases would probably give a big boost to the current weak demand in the market. However, I feel the original intentions of the government when they introduced the
      422 words
    • Article
      Lock icon Make financing directly related to long-term, values
      256 10  -  Chan Wing Kee Singapore I REFER to letters calling for the easing of the 20 per cent downpayment rule on mortgage financing of residential properties. Rules are made for specific purposes. In this case, it is to deter speculation in properties. However, this
      256 words
    • Article
      Lock icon Publicise 'switching fees'on housing loans
      138 10  -  N Grandhi Sydney, Australia via Internet IN Australia, "switching fees" on all types of housing loans are publicly available to improve transparency in the housing loan industry and to avoid the big banks squeezing the small borrower when "negotiating" such a matter on an "individual
      138 words
    • Article
      Lock icon Response from a govt agency, please
      163 10  -  Seow Eng Ghee Singapore I REFER to the letter "Try thrift for a change" by Vincent Tan Chee Kian (Mailbag, May 10). I agree in principle with the writer that saving is the right way to go. But I think he is missing the
      163 words
    • Article, Illustration
      Lock icon Lights are dimming for office sector
      650 11  -  1-11 comment PROPERTY Blame It on a convergence of three factors lee han shih IN just three months, the outlook for Singapore's office sector has changed from cautious optimism to one of barely-concealed pessimism. But there may be worse to come. Political unrest is
      FILE PHOTO  -  650 words
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      427 10 CrocodM WuiOuang\ I l"O\ Yi Guang Hs\ BMg \6\ Ik I H \c\ Th» Onco C Feraina °<I><JTC A I I 1 Industnal Estate H \>\ Citipoint Or \V\ Ind Complex E Neighbourhood H t-\ U-- I v\ Ng\ I jL-r-5) I SSW- I x dsTaw UP I \>\ BW9
      427 words
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      82 10 GUL FACTORY FOR SALE Description JTC Type D 5 factory with extension Land Approx 88,000 sq ft Gross Floor Area Approx 43,000 sq ft Tenure JTC 30 30 yrs wef Feb 1981 Sole Marketing Agent Tel: 224 8181 For Sale ByPte Treaty MURRAY TERRACE Nos 2to 28 (even nos) Murray
      82 words
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      579 11 ROTORUA LAKES RESORT SPA Invest in New Zealand made and capitalise on our clean, green global image We are delighted to offer you a situated to capitalise on the fastest-growing CHOOSE YOUR OWN LUXURY INVESTMENT unique opportunity to buy a piece high-income tourism sector in the world. 81 i bedroom
      579 words
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      53 11 FOR SALE BY TENDER COLDROOM at 231 A PANDAN LOOP Strategically situated at the bend along Pandan Loop Within the Pandan Industrial Estate Single storey coldroom/warehouse with a 2-storey office annexe Land area approx 97,514 sft Gross Floor Area approx 65,564 sft Tender Closing: 30 May 2001 Tel: 224 8181/
      53 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Can Megawati rise to the occasion?
      798 12  -  mum 1 bottom line OPINION shoeb kagda The writer is BT's Jakarta correspondent AS President Abdurrahman Wahid's government struggles to stay afloat amid growing calls for the 60-year-old Muslim leader to step down, Indonesians from all levels of society are now anxiously waiting for
      798 words
    • Article
      Lock icon IN OTHER WORDS
      109 12 'I'd like to be thought of as the mother of my people, and it's a mother's job and a mother's duty to provide all the needs of her children.' llut -JayalafithaJayanun an Indian politician convicted six months ago on corruption charges, who led an alliance of parties
      109 words
    • Article
      Lock icon Angkor plan mill boost regional tourism
      653 12 EDITORIAL IT was fitting that the idea of helping Cambodia devise a 10-year master plan to boost tourism should have come when Prime Minister Goh Chok Tong was visiting the famed Angkor temples. No one could have remained unmoved by their great beauty —or
      653 words
    • Article, Illustration
      Lock icon Making mergers work after the euphoria fades
      1232 12  -  It'll take three, maybe five, years for Singapore companies to know if their foreign M&As are worthwhile ventures By] Loh Hui Yin The writer isaßT senior correspondent "CUTTING the deal is one thing; making the deal work in future is another." The sober
      AFP  -  1,232 words
    • Article
      Lock icon Pennies for thoughts on the Net
      933 12  -  COMMENTARY Information has been free all along it's the Internet that wants to enslave it By] Michael Kinsley The writer is the editor of Slate (www.slate.com) and writes a weekly column for The Washington Post THE first great cliche of the Internet, carbon-dated to
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  • MALAYSIA news
    • Article, Illustration
      Lock icon Ringgit peg is here to stay, says central bank chief
      554 13 KUALA LUMPUR Zeti says interest rates are'about right', dampening hopes of rate cat Reuters MALAYSIA'S central bank governor Zeti Akhtar Aziz said yesterday the ringgit exchange rate was at about fair value and there were no emerging pressures on the
      Reuters; FILE PHOTO  -  554 words
    • Article
      Lock icon India, M'sia sign raft of economic agreements
      201 13 PUTRAJAYA, Malaysia Reuters INDIAN Prime Minister Atal Behari Vajpayee signed a raft of bilateral economic agreements yesterday at the start of a three-day visit to Malaysia. Mr Vajpayee, who arrived on Sunday with Information Technology Minister Pramod Mahajan and a 75-member business delegation,
      Reuters  -  201 words
    • Article
      Lock icon KL may miss deadline to repay RM6b debt: report
      155 13 KUALA LUMPUR AFP THE Malaysian government may miss a June 30 deadline to repay the RM6 billion (552.9 billion) debt it took over from two light railway operators, a newspaper said yesterday. The Malaysian Business Times, quoting banking sources, said the
      AFP  -  155 words
    • Article
      Lock icon Telekom slashes rates for MSC by up to 79% to draw investors
      370 13 KUALA LUMPUR Revenue loss set at RM2OOm but CEO says impact not significant Reuters TELEKOM Malaysia Bhd said yesterday leased line and other charges for the country's high-tech multimedia super corridor area (MSC) would be lowered by as
      Reuters  -  370 words
    • Article
      Lock icon Plan to buy ISP dropped
      144 13 KUALALUMPUR Bloomberg TELEKOM Malaysia Bhd, Malaysia's largest phone company, said it dropped plans to buy a rived Internet service provider after assessing the proposal. Telekom wanted to buy part of the operations of Jaring, a unit of state-owned Mimos Bhd that sells Internet access to
      Bloomberg  -  144 words
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      54 13 GENEVE HBBBjgjB wn x ""W* JLP£h3 i Ik. > 'JMwk L-iSjiß D F P %jOOO0 m 0 JT tx< i| k Hr «w JPflr x "i" a 1 Wjl^i!^?''**;.'• .JAf Ik j| Is J|^^M^^M^Sii^MlMHiiiMPPll!^^^M look after it for the generation Annual Calendar by Patek Philippe For information: Geneva Master Time,
      54 words
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      3589 14 [NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I -sf JL %II KOH BROTHERS GROUP LIMITED KQH BROS (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of Koh Brothers Group Limited will be held at Oxford Hotel.
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  • REGIONAL news
    • Article, Illustration
      Lock icon Both Arroyo, rivals claim Senate victory
      689 15  -  Violence continues with death toll reported at 83 in bloodiest election Prom Al Labita in Manila BOTH the ruling coalition of President Gloria Arroyo and opposition supporters of detained former president Joseph Estrada yesterday claimed victory based on unofficial exit polls in the crucial
      AP  -  689 words
    • Article
      Lock icon HK financial secretary wants to focus on growth
      525 15  -  He rejects suggestions to re vamp tax base Prom, Audrey Tan in Hong Kong NEWLY-appointed Financial Secretary Antony Leung yesterday rejected suggestions that he revamp Hongkong's narrow tax base, saying that he was more concerned with "boosting growth first". "I'm confident that
      525 words
    • Article
      Lock icon Gus Dur staring at impeachment hearing
      229 15 JAKARTA Reuters, AP INDONESIAN Vice-Presi-dent Megawati Sukarnoputri said yesterday efforts to hold an impeachment hearing against President Abdurrahman Wahid were unstoppable, a Muslim leader quoted her as saying. During a visit to Bangkok, Indonesia's first democratically elected president displayed his standard defiance, again insisting
      Reuters,; AP  -  229 words
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      Lock icon Son of Lai Sun founder charged with cheating
      495 15  -  T-am jfin-ming allegedly conspired to inflate price of renovations contract From Quak Hiang Whai in Hong Kong PROMINENT businessman Lam Kin-ming, a son of Lai Sun Development Group founder Lim Por-yen, has become the most high-profile figure in recent months to be
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      Lock icon Chinese regulators crack down on scam by 'tourist' investors
      355 16 SHANGHAI Accounts for trading in shares of HK-listed Chinese firms opened during visits FT CHINA'S share market regulators are cracking down on a scam used by mainland investors attempting to profit from the eventual convergence of the assortment of listings of
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      Lock icon 50b baht plan to stimulate Thai economy
      175 16 BANGKOK Reuters THE Thai government, struggling to jump start the economy, yesterday said it intends to spend at least an extra 50 billion baht (Ss2 billion) to boost domestic demand. The scheme, which would widen the government Budget deficit by about a third
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      Lock icon Acer shares plunge after fire at Taipei office
      609 16 Taiwan's VP promises in-depth probe into the incident Bloomberg, AP, AFP [TAIPEI] Shares of Acer Inc, which makes computers under its own brand and for other manufacturers, plunged yesterday after fire destroyed offices of five of its units in a 26-floor building
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      Lock icon China Telecom's US$8b share sale suffers setback: report
      322 16 BEIJING It says Premier Zhu rejects plan to split company into 2 nnits Bloomberg CHINA Telecommunications Corp declined to comment on a report that Chinese Premier Zhu Rongji has rejected a plan to divide the company, setting back its proposal to raise
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    • ASIA Notes
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        Lock icon China offers US$2b in bonds
        105 16 Bloomberg [HONG KONG] China began marketing as much as US$2 billion of bonds, its first international debt sale in more than two years, seeking to set a benchmark for Chinese companies looking to borrow money overseas. Vice-Minister of Finance Jin Liqun gave a 45-minute presentation
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        Lock icon Jayalalitha invited to form govt
        85 16 Reuters [MADRAS] Indian film star-turned-politician Jayalalitha Jayaram was yesterday invited by Tamil Nadu Governor Fathima Beevi to become chief minister of the southern state after her party won a landslide victory in last week's election. Ms Jayalalitha, chief of the All-India Anna Dravida Munnetra Kazhagam,
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        Lock icon 409m yuan bank bill scam exposed
        76 16 AFP [BEIJING] Chinese police have arrested 98 people over a huge scam involving some 409 million yuan (5589.2 million) in phony inter-bank acceptance bills, Xinhua news agency reported yesterday. Most of the fake bank acceptance bills were tied to the Heyuan branches of the
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      797 15 6^khb KIAN HO BEARINGS LTD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 5 Changi South Street 3, Singapore *****7 on 28 May 2001 at 10.00 am for the following purposes: AS ORDINARY BUSINESS 1. To receive
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      1172 15 I I 9 SembCorp y Marine (Incorporated in the Republic of Singapore) SEMBCORP MARINE LTD AND ITS SUBSIDIARIES NOTICE IS HEREBY GIVEN THAT the 38th Annual General Meeting of the Company will be held on Wednesday, May 30, 2001 at 11.00 a.m. at 29 Tanjong Kling Road, Singapore *****4 to
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      1537 16 g I —l 11 I II I ~~1 1 I SANTCH ll» NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN That the Eleventh Annual General Meeting of the Company will be held at its registered office, 701 Sims Drive #06-01, LHK Building, Singapore *****3 on Wednesday, 30 May 2001
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      35 16 fiTotTI J Lianhe Zaobao B I Series on 1 J global Internet development 3 I Nike in a fix I I after I I e-business I I investment I WHY? I ffiSßSffiOTSft I I I
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  • WORLD news
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      Lock icon US industrial production down in April: Fed
      508 17 WASHINGTON Inventories at US businesses fall in March: Commerce Department Bloomberg US industrial production declined in April for a seventh straight month as the manufacturing of business equipment, appliances and metals dropped, Federal Reserve statistics showed. The Commerce Department meanwhile said inventories at
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      Lock icon Berlusconi looks set to make a comeback
      350 17 ROME Reuters BILLIONAIRE media tycoon Silvio Berlusconi and his cen-tre-right coalition looked certain yesterday to sweep back to power by winning Italy's general election with majorities in both Houses of Parliament. Partial results pointed to Mr Berlusconi securing a comfortable margin in the
      Reuters  -  350 words
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      Lock icon Beijing trails in Olympic race
      217 17 AFP [LAUSANNE] Beijing's position as firm favourite to win the battle to host the 2008 Olympics risks being severely challenged here today when the International Olympic Committee's (IOC) evaluation report is released. Beijing had been touted by many lOC members as a near certainty to
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      Lock icon Lehman rejigs its portfolio
      159 17 LONDON Reuters LEHMAN Brothers said yesterday it cut exposure to global equities by 10 per cent and shifted the money into bonds and cash, turning neutral on stocks only seven weeks after recommending an overweight position. In a research note, Lehman said it put 5 per
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      Lock icon SunTrust in US$14b bid for Wachovia
      393 17 Reuters, Bloomberg [ATLANTA] Sun Trust Banks Inc, the ninth-largest US bank, said yesterday it launched an unsolicited US$l4.7 billion bid for Wachovia Corp, topping an earlier offer from First Union Corp, in a drive to strengthen its south-eastern presence by expanding in North Carolina.
      Reuters,; Bloomberg  -  393 words
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      Lock icon Concern over US population growth: poll
      151 20 WASHINGTON Reuters AMERICANS are closely watching the nation's rapid population growth and are not convinced it is a good trend, a poll suggests. Some older citizens and whites who are not Hispanic were more uncomfortable with the nation's rapid growth and changing demographics that
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      Lock icon Slaughtering statistics'sacred cows
      690 20  -  COMMENTARY By< Andrew Hill FT [LONDON] If the US economy is indeed reaching what the pundits like to call an inflection point, then statistics will make an important contribution to policymakers' attempts to call the turn correctly. But recent data have been confusing. What is one to
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      Lock icon HIH failure threatens Aussie federal Budget
      573 20 SYDNEY Govt pledges substantial funds to cover claims on the insurer as regulator comes nnder fire Bloomberg AUSTRALIA'S biggest insurance failure is threatening the government's Budget surplus and calling into question the effectiveness of the nation's insurance regulator. The federal government, which on Sunday
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      Lock icon AMP to sell funds to NEC customers in Japan
      264 21 SYDNEY Bloomberg AMP Ltd will begin selling insurance and funds to individual Japanese investors through a link with NEC Corp that gives Australia's biggest money manager access to customers of the third-largest chipmaker. NEC will take a 10 per cent stake
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      Lock icon Hedge funds pay a price for IPO allocations
      810 21 NEW YORK Banks press us to back unappealing IPOs to win access to good ones: managers FT HEDGE fund managers may have been surprised to learn that US regulators have convened a grand jury to investigate the way Wall Street's leading investment
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      Lock icon Japan's March current account surplus falls 0.6%
      421 21 TOKYO It's the 4th consecutive y-o-y decline; economist sees farther falls ahead AFP JAPAN'S current account surplus in March fell 0.6 per cent from a year earlier as a slowdown in the global economy curbed overseas demand for the country's exports. The current
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      491 17 BF A. *S^-. vllriSLf F) -,y 'A .jQ K- 5Si a v.:;. 4 ■HiH jL i w»«^PftwV-' «T v Fly to the USA with ANA at friendlier prices* Salt Lake City Deive' Save more than 30% on Sn Pr>n.*r.i First and Business Class! Denver Lot Houston It's now even more
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  • e-NEWS
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      Lock icon Cisco Systems to unveil new Internet routing system
      388 18 SAN FRANCISCO It can provide a multitude of Internet addresses for each person in the world NYT HERALDING a world in which even a refrigerator will have multiple Internet addresses, Cisco Systems was due to unveil software yesterday for a next-generation Internet
      NYT  -  388 words
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      Lock icon Intel swaps more of its Net venture with CyberWorks
      278 18 HONGKONG It trades part of its stake in Pacific Century Convergence into 270.2 m QyberWorks shares Bloomberg INTEL Corp, the world's biggest chipmaker, swapped more of an Internet venture with Pacific Century CyberWorks Ltd for a 1.2 per cent stake in
      Bloomberg  -  278 words
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      Lock icon BritTel chief's £3m pay package leaves investors fuming
      418 18 Reuters [LONDON] British Telecommunications pic angered its shareholders further yesterday by disclosing it will pay chief executive Peter Bonfield up to £3 million (557.7 million) this year despite leading British Telecom into a debt crisis. The award was revealed in a prospectus
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    • Article
      Lock icon Hotmail has more than 100m users, says Microsoft
      225 18 SEATTLE Reuters HOTMAIL is hot. That's what Microsoft Corp said yesterday when it announced that Hotmail, its free Web-based e-mail service, now has more than 100 million users worldwide. Microsoft also said its instant messenger software, which lets users type messages to
      Reuters  -  225 words
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      Lock icon Handset recall unlikely to hurt Sony
      462 19 Analysts say costs will be limited, and the firm's strong brand name will help recovery AFPJ Reuters [TOKYO] Sony Corp has become the latest victim of cellphone software glitches, but analysts said yesterday the cost of recalling its faulty handsets would be limited. They
      AFPJ; Reuters  -  462 words
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      Lock icon C&W buys Digital Island for US$340m in cash
      196 19 Reuters [LONDON] British telecoms company Cable Wireless pic dipped into its war chest yesterday to buy struggling US Web services firm Digital Island for US$34O million in cash, including some US$49 million of net debt. C&W, which has been under pressure from
      Reuters  -  196 words
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      262 18 --v jttKMHttfIHHL S ll *•>■ ?j gj The integration of back-office systems like It is this unique quality that enables financials and front-end applications into Systems Union the author of Sun Systems one seamless business process is crucial -to provide end-to-end solutions to our to today's enterprises. clients. Are the
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      513 19 V* 1/r t *'t<,.•■ %i- p •**&< *>■*" x Given the current economic climate, you want your investment safeguarded yet be positioned for gains plus potential appreciation in a composite of the top-performing Schroder ISF-Euro Equity and Schroder when the markets recover. Here, then, are two investments Schroders has designed
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      991 20 Next-Gen Carrier Solutions iSoftel Ltd (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of iSoftel Ltd will be held at 9 Penang Road, #12-00 Park Mall, Singapore *****9 on Tuesday, the 29th day of May 2001 at
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      200 20 Good-class bungalow land in Prime Area up for tender A opportunity to acquire a quiet, prime and exclusive bungalow land in a good class bungalow area at Maryland Drive, off Holland Road. Located in the prime district 10, of close proximity to the Central Area, it is an opportunity not
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      49 21 E o o (0 -Q •> <b JC o U) i W I Where is the next opportunity? JK W m, a2v y l B h hH Knowledge Management m to Deutsche Bank L^J Trading L Corporate Finance L Transaction Banking L Asset Management L Private Banking L_ Personal Banking
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      4569 22 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 OCULUS LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Oculus Limited ("the Company") will be held at the Ketumbar Room, Singapore Marriott Hotel, 320 Orchard Road, Singapore *****5 on Wednesday, May
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      183 22 NOTICE TO CREDITORS OF FIRST MEETING IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF ABERCROMBY ENTERPRISES PTE LTD (IN LIQUIDATION) COMPANIES WINDING UP NO 311 OF 2000 NOTICE IS HEREBY GIVEN that the first meeting ot the creditors of the abovenamed company will be
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  • FINANCE & commodities
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      Lock icon STI May contract moves down
      294 23  -  SGX Derivatives Trading Report ST Index/MSClS'pore Index Wong Ann Chuen Refco Singapore Pte Ltd SINGAPORE stocks tumbled yesterday as cautious investors unwound positions ahead of the FOMC meeting today. The benchmark Straits Times Index fell 23.28 points, or 1.37 per cent, to end at 1,680.07,
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      Lock icon Futures drift as stocks weaken
      248 23  -  MSCI Taiwan Index Wong Ann Chuen Refco Singapore Pte Ltd THE Taiwan stock market fell yesterday amid a lack of interest in a bearish market. The MSCI Taiwan Stock Index dropped 3.29 points, or 1.37 per cent, to close at 236.22 points. The turnover for
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      Lock icon CURRENCY REPORT
      215 23 Reuters London THE dollar rose to two-week highs against the yen yesterday and tested three-week peaks against the euro, underpinned by expectations that the US Federal Reserve would deliver another growth-boosting interest rate cut. At 1153 GMT, the euro was mired near Friday's threeweek lows around US$0.8730 and
      Reuters  -  215 words
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      1254 23 TBKBAMKOOSSEATBS May 14 AS C$ fcnk Ero FTr PwHK$lnit» H»iok Von Won Ml N2$ Hfc Rs Ptso S$ Rand Sfr OT$ Balrt Pound US$ Australia 0.804 4J05 0.593 3J92 1.160 4.046 24.328 59.073 0.637 6.731 1971 1.236 31.*****.249 0.942 4.147 0.910 17.062 23.585 0.366 0.519 Cauda 1.244 5.357 0.738 4J42
      1,254 words
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      1933 23 SICOM FUTURES May 14 RU88ER (futures closing *s at 5.30pm) RSS1 CONTRACT(S cents/kg) Close Volume OpM Month Mffc Law S«tt (towns) Interest Jun 01 109.25 Jul 01 109.75 250 Auq 01 110.00 250 Sep 01 m.50 250 RSS 3 CONTRACT (US ceirtsAg) Volume OpM Month High Low Sett (tonnes) Interest
      1,933 words
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  • STOCKS east asia
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      Lock icon HK shares down 2.8% on weaker US markets
      2803 24 HONG EON G AFP QHangSeng -377,44 HONG Kong share prices fell 2.8 per cent yesterday following losses on Wall Street, dealers said. The key Hang Seng Index lost 377.44 points to 13,259.17, on a turnover of HK$6.B4 billion. Dealers said sentiment was
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      Lock icon Nikkei falls 1.2% to below 14,000 points
      2073 24 TOKTC AFP Qffikura -170J TOKYO share prices fell \2 per cent yesterday as investors sold hi-tech and other major shares following a decline on Wall Street, brokers said. The Tokyo Stock Exchange's Nikkei--225 Index closed 170.90 points lower at 13,873.02, falling below 14,000
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      Lock icon CHINA
      1070 24 Reuters Shenzhen Bladei 406 CHINA'S hard currency B shares closed firmer yesterday as speculators bought firms with poor earnings records after regulators gave moneylosing retailer Zhengzhou Baiwen a grace period to turn around. Chinese investors frequently target loss-making companies in the hope that they will be bailed out by
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,070 words
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      Lock icon TAIPEI
      379 24 AFP QjVPlnlex -5&27 TAIWAN stocks fell 1.1 per cent yesterday in the wake of a huge blaze that wiped out dozens of high-tech company offices worth tens of millions of US dollars over the weekend, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 56.27 points to 5,176.45
      AFP  -  379 words
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  • STOCKS klse
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      Lock icon KL shares fall on caution ahead of Fed meeting
      431 25 AFP, AFX-Asia njOwnpoateMgi -C 33 MALAYSIAN shares ended 0.8 per cent lower yesterday, as equities were largely sidelined before today's meeting of US central bankers to set interest rates. The Kuala Lumpur Stock Exchange Composite Index ended down 4.33 points at
      AFP,; AFX-Asia  -  431 words
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      8620 25 INDUSTRIALS CnsflMf prWvcts 2001 Last Val Day N«t Cap Wgh Low Company Sala 'OOP HH> Low Pfc 340 290 Ajinomoto 292 8.8 118.4 45 24.5 Angkju 29 -0.5 2 29 29 42.8 342 282 Apollo Food Hlg 304 unch 16 306 302 6.6 121.6 356 266 Asia File 280 113
      8,620 words
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  • SGX clob & regional stocks
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      Lock icon Untitled
      2665 26 BOMPS&WARRAMTS May 14 m M free/ |*by K M Urt MB* Urianli Avf iMMi Cm law Mk Mm I— Mi f989) U" Mfcr Whi (—»8rtle W (%> tmrtml U* 37 0.5 S Acma W*****4 0.5 0.5 1 41.0 1 300 661 79.00 2 22 2.5 s AIITech W*****7 3 2
      2,665 words
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      Lock icon SEOUL
      313 26 AFP F1 Composite Intel *1,02 SEOUL'S Composite Index yesterday ended up 1.02 points, or 0.2 per cent, at 584.08. The volume fell to 524 million shares. —AFP m»t4 wo Arum Semi 4795 185 Brain Tecti 605 20 Central Bo* 170 unch Cheil Comm *****0 unch Dm Cti Bank 1425
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      Lock icon BANGKOK
      744 26 Reuters, AFP Q SET Index -3.40 THAI stocks closed lower yesterday, with gains in some electronics shares failing to compensate for losses in state-owned Bank Thai. The benchmark Stock Exchange of Thailand (SET) Index ended down 1.09 per cent, or 3.40 points, at 307.53 points. The SET 50 closed
      Reuters,; AFP  -  744 words
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      Lock icon WELLINGTON
      261 26 AFP □kse-40 -iaa» NEW Zealand shares closed down 0.5 per cent yesterday. The NZSE-40 capital index ended down 10.29 points at 2,080.63 on light turnover of NZ563.77 million. Telecom Corp fell 16 NZ cents to NZ$6.O9 following last week's disappointing third-quarter results. —AFP MayM COOP) Advantage HDS 0.89 0.02
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      Lock icon SYDNEY
      554 26 AFP nAH Ordinaries -7JO AUSTRALIAN shares eased down 0.2 per cent yesterday amid lacklustre trading, brokers said. The All Ordinaries Index fell 7.1 points to 3,319.2 while the SP/ASX 200 shaved 6.8 points to 3,382.2. The All Resources Index fell 14.8 points to 1,541.9 and the All Industrials eased
      AFP  -  554 words
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      Lock icon JAKARTA
      751 26 AFP Q Composite Index -106 INDONESIAN share prices closed down 0.6 per cent yesterday on losses in major stocks due to the weakening of the rupiah and ongoing political concerns, dealers said. The Jakarta Stock Exchange Composite Index closed down 2.08 points at 368.28, with 357.9 million shares worth
      AFP  -  751 words
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  • Article
    Lock icon STOCKS sgx
    7874 27 .•39|niMM8MMMM£SNM(IHM8MNN88BMMKMNMMaMMMMmfa8B8MBMMi SGX MAIMBOARP Gr Gr MM 52-Wk Last Vol Day UMQmM Mv Mr VM MM Cm top Lw Cimm Site (H» um inyr 5*r Cw HE id! Met MULTI-INDUSTRY 143 35 cAcmaSOc 39.5 cd-0.5 77 40 385 39 39.5 0.5 19.9 0.6 10.4 68.5 40 41 9 c
    7,874 words
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      244 28 Where to wine, dine and entertain...*"?^ For lunch, you can enjoy our ever popular Japanese culinary flavour while for dinner, you can tuck in to a sumptuous selection of Japanese, Asian and Western dishes, from sashimi to shark's fin soup to drunken chicken to even roast beef sirloin. Lunch: $24.50
      244 words
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      53 28 foryocpiicljp m Mm H BM ii ur of Lace fA -festival of I'Vine Ouisine ofj\ lsace, .prance Revolving 9to 20 May 2001 Reservations 831 6258/88 Mandarin flfl Singapore 333 Orchard Road, Singapore *****7. •KB? Tel: 737 4411 Fax: 732 2361 I You will find it 'ill here at Wine, lifi]
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  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      963 28 Page 28 Squares. i SJO Triad Justice. ket Report. 'V' LOO Day Time On 5 Days 334 Two Hearts (R). 9.00 AM Kids Central: Alle- Of Our Lives. Mi 4.00 CNA Today. f? gra's Window. 2.00 Tuesday Afternoon 400 pm TV Media Home 430 Headlines/S'pore Up ■H WWJi rl m•?
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      Lock icon Page 28 Miscellaneous Column 2
      273 28 CBYPTIC CROSSWORD ACROSS 6 You are one and she is anoth--1 Diminutive Frenchman in e r 7 charge has the explanation (6) 7We hear that in Ire--4 As much as the hold will hold? 'and 5 (8) 8 Destined to do nothing at sea 10 Go round for some tobacco
      273 words
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  • New Asia Biz Woman
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      Lock icon Standing tall in the shadows of time
      1215 29  -  At 78, writer Li Lien Fung still possesses a zest for life and a fiesty personality By] Rachel Ong 'We never know how high we are Till we are called to rise, And then, if we are true to plan, Our statures touch
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      105 29 LONG BEFORE OUR COMPETITORS EVEN ADDED THE WORD'INFRASTRUCTURE' 70 EIR VOCABULARY WE WERE BUSY CREATING IT. SINCE WE FIRST LAUNCHED v ,|gpffp; IBlHtt UNICENTER*. IT HAS BECOME THE DE FACTO GLOBAL STANDARD FOR MANAGING aPst* 5, i all eBUSINESS INFRASTRUCTURE BUT WE DIDN'T STOP THERE-WE'RE ALSO THE WORLD LEADER IN
      105 words
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      146 30 Overwhelming response in last days mk "■> xmhm mmmmmmm V cfIHBST ||J^ 1a hi m 9 t I "r^iiifflW-i'.iS ,k£ -> M" ;t B 1 i u«nr;i Mm •v« wwil Sunday 20th May Time: 7.30 am Venue: National Stadium Distance: 10km Entry Fees: Fun Walker $4 Competitive Walker $5 I
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  • KNOWLEDGE economy
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      Lock icon Infect others —with your ideas
      2678 31  -  Innovation is more than just creativity. PATRICK f MBP looks at other components and finds out Creative's approach from Sim Wong Hoo PATRICK LAMBE WHEN we think of innovation, the temptation is to think about creativity happening in teams, resulting in new products in the
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      102 31 This is the first of a two-part article. The writer is chief learning officer at Knowledge Platform, an e-learning consultancy (www.knowledgeplatform.com). He welcomes visits to his website at www.greenchameleon.com; feedback can be e-mailed to plambeiagreenchameleon.com. Mr Lambe is among the lineup of speakers at KM Asia 2001, to be held
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  • CAMPUS life
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      Lock icon US schools fighting fire with fire
      1040 32 Campus administrators and teachers are tapping computing to uncover computer-aided cheating Reuters [MlAMl] THE scandal at the University of Virginia last week has focused attention on the battle against "copy-and-paste" plagiarism, which has made academic cheating in the Information Age easier, faster and until
      Reuters; FILE PHOTO  -  1,040 words
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      Lock icon Unlisted course: Juggling 101
      651 32  -  from Massachusetts By Koh Huiting Koh Huiting is a first-year student at Amherst College AS the school year draws to a close, I find myself having to allocate my time even more wisely than before. Before I realised how close the end of the school year
      AP  -  651 words
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      Lock icon Local U: it's a good choice too
      1302 33  -  Some top students decline overseas offers to 'go local', mainly for family reasons and future networking ties, reports Janice Lee. Campus Life also talks to two top students who opted to study in Singapore Janice Lee WITH all the attention this page has
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      Lock icon Home is where the heart is
      628 33  -  Top student Joanna Xne picks a local U because of dose ties to family, friends By Rachel Ong FOR Joanna Xue, a straight As student from National Junior College, home is where the heart is. Scoring As in physics, economics, computer science and mathematics,
      628 words
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      Lock icon Local or overseas U: it doesn't really matter
      563 33  -  Success in life ultimately depends on oneself, not the university one attended By Trina Foo A GOOD student will succeed in life, regardless of whether he or she goes to a local or an overseas university and that's why Caroline Ong has
      563 words
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      49 32 I Try having people in your regional office reporting H J to you at the same time, several times a day. J^HHU HaFHTT" 'iVHH MUg ISP w^ yfljß Hft. |HP Am '^^K, bjfc* <H w H k^V I Call (65) 231 2212/ 13 NOW li-B or email whang@has.hitachi.com.sg www.hitachiasp.com
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      89 32 Campus chat This is a chat-link between undergrads and parents. So if you are an undergrad, we'd like to hear from you what life on campus like. And if you're a parent, tell us your concern regarding a university education for your child. We also welcome feedback and suggestions from
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      146 34 I ■•■r^^m^i c %~i': S y-■■■:.'.■■'y. x... x, S :~H' r:: 3 "-V--is* 4 -'■<;•"", "O >; 1 x" v" V I V 1 x.O .s '■■■•.■*>?, yy V..x' I '>'- ,f 4 >- v r* r J v*HV v^* r Cs t >~■£*[ -J «*f CS,yf*C'♦{ 'CEW* r tflS»£»fe
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      268 35 Reuters THE Baltic Dry Index (BDI) rose six points to 1,478, the Baltic Panamax Index (BPI) gained 13 points to 1,561, the Baltic Handymax Index (BHI) firmed 22 points to 9,520 and the Baltic Capesize Index (BCI) was up three points to 1,813. TIME-CHARTER: ♦Meynell (built 1995) 185,688
      Reuters  -  268 words
    • Article
      Lock icon MARITIME STOCKS
      308 35 sex *000 nay* w CWT Distribution 0.55 unch 5 Chuan Hup 030 -0.01 399 Cosco Investment 0.19 unch 142 Freight Links 0.08 unch 370 GBHoid.rvjs 038 unch 0 IMC HoMings-HK 5.60 unch 0 Jay a Holdings 0.15 -O.OI 73 Keppel Corp .3.40 -0.04 880 Keppel FELS 0.98 -0.04
      308 words
    • Article, Illustration
      Lock icon Go-slow action cripples Chennai port
      817 35  -  Stevedore dispute at India's second largest port costing industry US$l million a day By\ Donald Urquhart [SINGAPORE] A labour dispute has brought India's second largest container port to its knees costing the industry including local trade and shipping lines an estimated US$l million (Ssl.B million)
      817 words
    • Article
      Lock icon Keppel's Philippine towage unit bags charter deals
      307 35  -  From. Alec Almazan in Manila KEPPEL Smit Transpacific Inc, the towage and salvage unit of the Keppel Philippines Group, reported that it had clinched several charter contracts for the Malampaya natural gas development project in offshore Palawan. The towage and salvage company said
      307 words
    • Article, Illustration
      Lock icon M'sia steps up patrols in fight against piracy
      275 35 UN THE MALACCA STRAITS] On board the Malaysian Maritime Police patrol boat KPD Balong, officers uncap cans of 7.62-mm ammunition and load machine-guns mounted on the control tower before setting off on an overnight patrol. "It's just a precaution," executive officer Salim
      AP  -  275 words
    • Article
      Lock icon Hopes dim of finding shipwreck survivors
      179 35 AFP [ANTANANARIVO] Hopes faded of finding any survivors 72 hours after a shipwreck off Madagascar in shark-infested waters, French consular officials said. Twenty-seven people have been missing since the sinking of a cargo vessel, the Samsonnette, last Thursday off the east coast of Madagascar
      AFP  -  179 words
    • PORT Shots
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        Lock icon Damen builds catamaran for HK service
        54 35 [SINGAPORE] A new 40 metre fast catamaran will be built for service between Hong Kong and Macau by Damen Shipyards. Due for delivery to owner New World First Ferry in December, the new vessel will be a sister ship for New Ferry Vdelivered to
        54 words
      • Article
        Lock icon Novoship management under fire
        116 35 [LONDON] The upper-tier management at Russia's largest shipping firm, Novorossiysk Shipping Co, are facing an uncertain future after government officials discovered the secret sale of a three quarters stake in a subsidiary investment firm. The Russian government owns 35 per cent of Novoship, and the subsidiary
        116 words
      • Article
        Lock icon EMMF ups US Gulf bunker output
        98 35 [LONDON] Exxonmobil Marine Fuels (EMMF) is increasing its production and supply of bunkers in and around the US Gulf, with expansion initially centred around its 400,000 bpd plant in Beaumont, Texas. The company is working to increase refinery supply at its other Gulf facilities.
        98 words
    • PIRACY in s-e asia
      • Article, Illustration
        Lock icon Hardship worsens piracy
        876 36  -  Economic woes in Indonesia are driving poor villagers to commit more crimes on the high seas By] Rohan Sullivan AP [lN THE MALACCA STRAITS] TWO small fishing boats draw a rope across the path of a freighter, letting the big ship's motion pull them forward and swing
        AP; AP PHOTOS  -  876 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      170 36 PACE Appenship 5 Assets 5 Austral 6 BSA 7 B'tang Mas 6 CCNI 7 CMACGM 3 COSCO 3 Columbus 6 CSAV 3 Central Ex 6 Cho Yang 5 China Shpg 5 41 Cougar 7 CWT Globelink 7 Delmas 4 Djak Lloyd 6 Dongnama 3 ECL 4 ECU
      170 words
    • Article
      Lock icon SHIPPING GUIDE
      17062 42 THEBUSINESSTIMES THEBUSINESSTIMES Pages EXPORT TUESDAY, MAY 15, 200" ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number >, ■•?<!!! iiiiii., -;iiss*'r»:.sTo ABIDJAN (ABJ) 2003 Cote D'lvoire 22/05 26/06 Delmas VILL DE TAURUS A43W 65-*****44 23/05 27/06 COSCO HOPE 0029W 65-*****00 29/05 03/07 Delmas VILLE DE
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        759 45 Vessel Voy No Berth Arrival Departure Bt Roberta J ***** 'jOI 14/05/8:30 M/05/204X) Seacelebrity 01-Jul J12 14/05/7:45 16/05/12:00 Winstar 8 0I2S0I J03 14/05/7JO M/05/64H) Bt Lane Aba 0Hlay-01 J01 14/05/8:45 M/OS/lfcOO C Success 14/05 J10 M/05/850 H/05/T74)0 Winyeongt136 1059 J02 U/05/9J5 17/05/234)0 Bt Harapan J 14-May J01 M/05/94X)
        759 words
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        Lock icon CONTAINER SCHEDULES
        2004 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Iwlilin/Biliwci Rstls Ship Voy Mo Etb/Btr Ported Frew To Frew ACX MAGNOLIA 037A 0/1*0 O 13/1500 13/1659 13/1900 2A 13/1700 M/0659 M/0900 n 13/1700 M/0699 14/0900 14/0700 M/109 M/MOO 4 14/1200 M/M99 14/1700 ACXRAFFIES 0900 0/23*0 13/1500 13/1659 13/1900 2A
        2,004 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        190 45 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 Jane 2 Malaysia: King's Birthday Jane 4 Malaysia: Birthday's of
        190 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        805 45 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        805 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        611 45 Carbon 180 Max 990.2 0.5 13.3 0.07 40 0.03 Mm W Density Water Residue Ash Aluminium Sediment No above E25 0 0 0 0 0 0 TTJT 380 Ave 964.9 0 J 13.1 0.06 22 0.02 380 Max 989.7 0.9 15.6 0.09 67 0.04 M/IT3 v/»
        611 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Thai Airways expects Jan-Mar loss to be bigger
        420 46 ASSAM AIRLINE RESULTS Weak baht forces Thai national carrier to book foreign exchange loss Bloomberg [BANGKOK] Thai Airways International pel said the loss in three months to March exceeded the loss in the previous quarter because the weakness of the baht forced
        Bloomberg; REUTERS  -  420 words
      • Article
        Lock icon Weaker won pushes Asiana into the red
        380 46 Bloomberg [SEOUL] Asiana Airlines, Korea's sec-ond-largest carrier, reported a firstquarter loss as the weaker won raised the cost of buying jet fuel and servicing foreign-currency debt. The airline's loss was 103.4 billion won (*****.7 million) in the JanuaryMarch period, compared with net income
        Bloomberg  -  380 words
      • Article
        Lock icon Virgin Blue applies for NZ rights
        346 46 AP [WELLINGTON] Virgin Blue, the cut-price Australian airline owned by British tycoon Richard Branson, yesterday formally applied to fly passenger services in New Zealand and between New Zealand and Australia, officials said. The 20-page application arrived in Transport Minister Mark Gosche's office yesterday morning
        AP  -  346 words
      • Article
        Lock icon Korean Air's loss much bigger than forecast
        293 46 Bloomberg [SEOUL] Korean Air Co, the fourth largest cargo carrier, posted a wider first-quarter loss than analysts expected, as the weaker won raised the cost of servicing foreign-cur-rency debt and jet fuel. The airline's loss widened more than five-fold to 230.82 billion won
        Bloomberg  -  293 words
      • Article, Illustration
        Lock icon Three parties emerging in bid for Sydney airport
        392 46 Reuters [SYDNEY] Bidders for Sydney's main airport had until the close of business yesterday to submit their expressions of interest, but sources says it is lining up to be a three-horse race. A mix of investment banks and overseas airports are pooling
        Reuters; FILE PHOTO  -  392 words
      • Article
        Lock icon Vietnam Air to invest US$1b in aircraft
        212 46 AP [HANOI] The government has approved a plan by Vietnam Airlines to spend 15 trillion dong or USSI billion (Ssl.B billion) over the next five years to enlarge its fleet, official media reported yesterday. The airline plans to increase the number of planes
        AP  -  212 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1796 46 on hjsmt eta njtwr n» AMIMt AH8229 2230 LH6380 2230 a» an AastirMa $023 0635 GA974 0130 NJ37 1455 K1838 22SS sot4 a» W—rtw MB Wg <MM» MW 0B0 $0348 MS JUckUnd LH6967 1900 ****** 2045 NZ23 1900 S0285 2045 $***** 1900 ****** 2045 M» 20*5
        1,796 words
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      680 36 I mi. IMPORT NORTH AMERICA "0 GULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPRESS (SSX) IQULF KARACHI EXPRESS (QtOQ mm voy lgb pklang wssa voir ju mm hb sm. OOCLRRITIAN 41W16 25/04 13/05 15/05 P 0 KDUOYD APAPA 031 02/05 03/05 05/05 13/05 OOQ AMERICA 51W17 02/05 20/05 22/05 PIO NEDUOYD MALACCA 1,1
      680 words
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      779 36 lines services represented by (iffcMembers of the Registry of Mem be rs of felßsff/ Accredited Shipping Agents, 'jgmT Sin 9 a P°. re Lo 9 istics N°f t v "y Singapore Shipping Association Association g ULY UNE MALE VKSa VOY [eta Teta eta P. KLANG SPORE MALE Princess Lily VO4Ol
      779 words
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      1192 37 SAX SERVICE (DIRECT) I VESSEL VOY SIM IT* LAX OAK DAL HOU CHI COt WW <11 MTC API SARDONYX 026E 17/01 01/02 05/02 05/02 05/02 05/02 05/02 05/02 06/02 06/02 API TURQUOISE 0401 2VOI 08/02 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 API JADE 0261 01/02 15/02 19/02 19/02
      1,192 words
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      Lock icon Page 37 Advertisements Column 2
      2073 37 TO AMI T/TIIO MYS 1 ICMAH T/TiIIMYS I W AQABA T/TiISMYS J GCNBUL AGENTS M SMGAPORE: 80 ROMNSON tt# 12-00 SMB/WGS TIL 4MSBS7/43 FAX:2MMJI/71 MAIATSIA OfFKI t MSM6MMB TILOT-JSgl* EAX: 0M5M170 fAtfiß (UIHIUC BTK ITU SINGAPORE *****8 OUTWMRD (B/L) *****02 *****25/75 PORT HUNG 03-*****633 03-*****668 COSTAR SNIPPING PTE LTD EWA*D(D/0)
      2,073 words
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      1397 38 C SENATOR LINES TO EUROPE TO MBXMJ IAST/KAN/IBED SEA Vtssa VOT is* I L£H I «W» |MB I Mil WV fill IvtSM I VOT I»I«U I Ml HANJM PARK 0020W 15.0S 01.06 03.06 04.06 05.06 06.06 07.06 UNUTMMM 0014W IMS 26.0S ».05 0106 0106 TRAM FREDA OOSOW ILOS 09.06 10.06
      1,397 words
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      Lock icon Page 38 Advertisements Column 2
      1073 38 am MAC-NELS S'PORE M'SIA I Carrl«r UN GONTIK LINES, INC p.qucmnq:(o7)3ks7» l~!V*/\~ J cmwoi lawnNMK SB|U: (064) *****9 MANLA: (632)*****24 V w PENANG: (04) *****36 BANGKOK: (862) *****57 SURABAYA: (31) *****11 P. MELANG: (03) *****77 JKT (21)*****46 KUCHNG (082) *****1-3 ADELAIDE HAMBURGAEHARVE/ j MV "MH THAMRIN PB160Q" YMHO3S EEIIXSTOWE/ROTTERPAM ETA
      1,073 words
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      446 38 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N.SHEVA (CFS MULUNO. MUMBAI) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN LC D. POINTS Vessel VOY SPORE N.SHEVA COCHIN COLOMBO P.KLANG TULSIDAS 142 20 MAY 29 MAY 01 JUN 04JUN 08 JUN FRONTIER 110W 27 MAY FOR DISCHARGING ONLY/PHASED OUT PU
      446 words
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      1475 39 IVFSSH VOY KHH HKO I SIN PKL PXB IAB PMM »NC~ 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 05/06 06/06 09/06
      1,475 words
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      Lock icon Page 39 Advertisements Column 2
      340 39 OCEAN RANGER RDM/ATW/BMN/UK I EFESSOS RDM/ATW/BMN/UK I Loads Singapore E7W. Mrtayiw. Indonesia J Loacing for EFFY N JOH/AQA/DMT MORNING STAR DBVABU^X)H/BRN/DMM/KWT WAGLAN LIGHT DO/ABU/DOVBRN/DMM/KWT SEA RENOWN DBI/ABU/DOH/BRN/DMM/KWT OORALI ADN/HDO PAN EXPRESS HOCVJDH/AQA LCHNTTROVA JDH/AQA loads Singapore. EVW. Malaysia, Indonewa Loading for I HANJM TAMPA VCW/LAX/MZL I •Loads E7W. Malaysa, Indonesia
      340 words
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      Lock icon Page 39 Advertisements Column 3
      1292 39 EUROPE IXPftiSS SCTVK3E EXPORT IMPORT fcftiilaßi® afflS-i-i 338HttN I#o6 TO W OW-OTW M3t 31/05 04/06 06/06 09/06 24/06 MEMBjMiMjI MMM ■TCP* TRANSPACIFIC ScRVICK EXPORT HJMCT*t l M^lllttW>SoimPm W/MWIA*WI6HB>*MOIKH>PW 13/DI/WGO WUlKlWntlMOUlMtlClfrliiraTfl OMO KJtonßtt>l>Wl»E»«6B/l? Iww I <i 1 IM I Ml l*C(ginc omm Ttlimi Vissa VOT lfi» OAK sw MWASMtCTOH Mfl~ fr/fr
      1,292 words
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      862 40 EUROPE/UK/SCANOINAVIA EXPORT VBSfIyVOYAGE I SGP I RDM I BHV I THP I ZH IT UNTY 009S-017W 20/05 06/06 OM6 IQ/06 11/06 UUSOOKABEOO9MO4W 27/05 IW6 15/06 17/06 l|/06 IT URSIIA 0097-015W 03/06 20D6 24/06 25/06 ITUHEOONOIOO 10/06 27/06 29/06 01/07 02/07 UULYSSESOO99OOBO I 17/06 TOW 16/07 08fl7 09/07 EAST AND WEST
      862 words
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      Lock icon Page 40 Advertisements Column 2
      366 40 mottt VESSEL VOYAGE SGP CM DUB DMN KM NXV ARM JED Ml LTUOVDIANA 0799-030W 17/05 22/05- YUHE OI6BW 11/05- 29/05 31/05 04/06 UIN AMPLE 0006-03SW 21/05 25/05 31/05 02/04 04/0* UN PREMIER *****02W 22/05 26/05 01/06 02/06 00/06 IT GLOBE *****90W 24/05 21/05 XIANGHE 0170W 25/05 05/06 07/06 11/06 Also
      366 words
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      917 40 IfiSaSHHfIBDKDDBfIaB mWCOMItf TA PWUT/LAKM CHAMNO JAMWTAfMtMIW Ytssn VOT IMil IB I MIP I 101 VtSSB VOY Si JKT PJN ANANBHUM"* ***** It/OS 20/0S 11/DS AAABHUM MZS Mli Mi mroywyM" Sl4S_J4dls m M jjjjf jSjf ITos CHAMAIHUM 173N lt/OS 20/05 IVOS SBE—- SM Ml 24™ mm m m_ W& 8$ mm:
      917 words
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      Lock icon Page 40 Advertisements Column 4
      502 40 INDONESIA NATIONAL LINE TO AUSTRALIA 1 FULL COIfpMWBB SERVICE va wr us s» w sip n> NYXPRH MS 11/05 72/05 21/05 03/06 05/06 00/06 powAoaMK ~m a/os 79/05 m/m 10/06 12/06 15/06 «Wl»atr ~~3K M/ 0605/06 11/06 17/06 19/06 22/06 renOMI IoT 11/0617/06 22/04 24/06 26/06 N/06 FEEDER SERVICE TO
      502 words
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      429 41 BSA it. M MYANMA pBBk FIVE STAR LINE f (Myonmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU ■AGO HOW SU) MONG LA 45W SLD MALAYSIA AGENTS: OOUSTEAD SHIPPING AGOKIES KUL TEL 03-*****300 PKL TEL 03-3176*101 PEN: TEL 04-*****02 PGU: TEL 07-*****21/4 BANK LINE (A service ef
      429 words
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      Lock icon Page 41 Advertisements Column 2
      1205 41 HYUNDAI MERCHANT MARINE CO., LTD. Ivesa VOY 811 SOU ILa| WW MIT HOW WV IviSSB. VOT I SOU 181 I RIB ANT I NAM I ORV IMI I APLSPRRL 101W 17/05 04/06 09/06 06/06 07/06 »/04 J*/J» MOL ADVANTAGE 002W 18/05 01/06 09/06 03/06 05/06 1?® HYDUKE 335W 71/01 12/06
      1,205 words
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      981 41 uitv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYLIFT SERVICE" [VtSSa VQY RAMP HEIGHT SIN LiC* MAO MIA SAV »AL I ORF I NYC NEW MOT"! TEXAS AHIII 400TMS 6.3 M 21/05 27/06 30/06 02/07 04/07 05/07 07/07 11/07 13/07 TOBA AHII2 4001 MS 6.3 M 09/06 15/07
      981 words
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      41 42 I H I < t v c t >v .v.- Vr <• <---<' I >♦ T ,-C >r '.< V >;>• if/t* }y*s. I I I i\'■•* ~>< \v ry J< >;/ ■'> B .'*V> r•- 5 .v| ■!> '<■■■ We reserve this space for your container. http://www.ptp.com.my General Line:
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      70 44 S NGAPORE PTE LTD 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Fat (65) *****66 Email: generaieecusin eculine net I mW J8 Website: httpV/wwweculine net EAST MALAYSIA LI 111 11 Kuching/Kota Kinabalu/Muara/Sibu Tawau/Bintulu/Labuan/Sandakan See Page 4 Call: 220 3373 FREMANTLE KYOWA LINE COCOS CHRISTMAS ISLAND WESTERN AUSTRALIA Guam/Saipan/ Tarn to
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  • Page 45 Miscellaneous
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      Lock icon Page 45 Miscellaneous Column 1
      140 45 'q»*' —«»JL L. H)ffE if 56 faSfe 33iBfe.».ri LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Q lPl Temperature C/— f Wind direction and speed in knots Ha,n Weather Cloudy Day ><J Hazy Sea Conditions Wind speed symbols r—-j S||ght c 1 2m O Full circle w/o line indicates calm
      140 words
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      71 46 CALCUTTA FEEDER OPERATORS (CALFO) NOTICE TO TRADE CALCUTTA DRAFT SURCHARGE WITHDRAWAL Please be advised that members of Calcutta Feeder Operators (CALFO) have decided to withdraw the Calcutta Draft Surcharge with effect from 15 May 2001. Members of Calcutta Feeder Operators (CALFO) Advance Container Lines (Pte) Ltd Bengal Tiger Line Ltd
      71 words