The Business Times, 9 October 2001

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: http://business-times.asial .com.sg/ SINGAPORE TUESDAY, OCTOBER 9, 2001 85C
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  • 78 1 STI U49.01 (-36.44) BT-SRI 583.75 (-15.75) ST INDEX FUTURES 1,353.00 (-37.00) SIMSCI FUTURES 165.60 (-5.10) STOCK MARKET INDICES Monday Change KLSE COMP 599.77 -9.23 NIKKEI 225 dosed HANG SENG 9.967.83 -309.55 SET INDEX 277.28 -3.60 JAKARTA COMP 367.07 -14.52 MANILA COMP 1.048.67 -39.77 TAIPEI WPl 3,520.35 -65.11 SEOUL
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  • 77 1 FOREX RATES l'S$ ss I'SS (SS per L'SS) 1.794 £(l"SS/SS per 1.476 2.647 EURO (USS/SS/E) 0.923 1.667 DM 2.118 1.180 YEN 119.8 66.80 RM i.800 1118 HKS 7.799 4.347 BAHT 44.81 24.98 RLPIAH 1,026 5,716 PRIME SATES SINGAPORE* 5*75 KUALA Ii'MPl"R 7 67 .JAKARTA 39.00 BANGKOK _..9.5# MANILA 11.00
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  • 991 1  -  Dow down 43 points at Ipm EST, Nasdaq little changed From 4 Catherine Ong, Neil Behrmann EUROPEAN stocks tumbled yesterday morning following the US air strikes on Taliban targets, but steadied as an edgy Wall Street narrowed its sharp early
    REUTERS  -  991 words
  • 497 1  -  Sources cite differences over Sinar Mas an Conrad Raj (SINGAPORE] Well-known accountant Nicky Tan the judicial manager behind several high-profile corporate rescues has left the international audit firm of Arthur Andersen after just two years, ostensibly to set up his own practice. While some
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  • 679 1  -  The airline is also in talks with anions about wage cats for other staff By Conrad Raj [SINGAPORE] Senior staff at Singapore Airlines, including deputy chairman and chief executive Cheong Choong Kong, will take pay cuts of between 7 and
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  • Page 1 Advertisements
    • 177 1 INSIDE BT Comment Lee Han Shih: Property market needs data on mortgages. Pg 11 Top Stories M'sian residential property overhang down 31% in Hl. Pg 14 Hock Lock Siew: Global markets offer extraordinary value. Pg 9 STE net up 26% in 9-month period. Pg 9 SNEF warns of more job
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    • 11 1 SIA execs to meet Victoria premier, Branson for talks, Pg 9
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  • AMERICA strikes
    • 749 2  -  OFF-BUDGET MEASURES Policymakers would already have factored in effects of US strikes, say economists tin Anna Teo [SINGAPORE] The onset of US military strikes has not raised expectations about the size or content of the off-Budget package to be unveiled on Friday. That's because
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    • 1035 2  -  Bat US military strikes renew fears of global recession By Ven Sreenivasan [SINGAPORE! Asian stock markets shuddered yesterday in the wake of US-led air strikes in Afghanistan but falls were less severe than analysts and brokers had feared. On average, regional indices
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    • ON THE grapevine
      • 103 2 FIRST, there was Jesus CEO, a bestseller on Christian management style. Now comes the Buddhist approach. The Enlightened Business Institute is holding a series of workshops in Singapore based on the teachings of Geshe (Master of Buddhism) Michael Roach. The Geshe, according to the brochure, turned
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      • 64 2 THE latest guidelines on prevention of money-laundering issued by the Association of Banks in Singapore helpfully list offences under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Acts. Two of the offences are "habitual dealing in slaves" and "habitually dealing in
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      • 54 2 LAST week. BT ran an online poll asking if the collapse of Swissair was an indication that more airlines would be in trouble soon. The results are as follows: Yes, they all face the same problems as Swissair: 60°o No, some are managed better than Swissair: 35°0
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    • 746 3 Rumsfeld dismisses Taliban's claim that it shot down attacking aircraft Reuters, AFP. Bloomberg [WASHINGTON] American and British forces began a second wave of attacks.against targets in Afghanistan yesterday in a campaign to weaken the Taliban military and disrupt guerilla training
      Reuters,; AFP.; Bloomberg; AFP  -  746 words
    • 660 3 Reuters [SINGAPORE] Asian airlines adjusted schedules and re-routed some flights yesterday after the US-led bombing of Afghanistan, but they reported few cancellations and vowed to keep flying while keeping a close eye on security. Singapore Airlines, which earlier suspended flights to Pakistan, said
      Reuters  -  660 words
    • 1081 4  -  Stocks are therefore becoming a buy for the long-term investor, says Morgan Stanley strategist barton biggs BARTON BIGGS IF the US and the world are suf fering no worse than a severe cyclical bear market, then equities are a buy now, in my view.
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    • 503 4 AFP, Bloomberg, Reuters [VIENNA] The Opec oil cartel will wait for at least 48 hours before taking any decision on cutting output to support slumping prices, after the start of US-led attacks on Afghanistan, a spokesman said yesterday. "We're not going to
      AFP,; Bloomberg,; Reuters; REUTERS  -  503 words
    • 738 4  -  Heightened alert after attacks, strikes spurs keen interest in firms From, Jennifer Lien in Silicon Valley IDENTITY cards that embed your fingerprint on a smart chip, satellite telephones, futuristic X-ray-type machines that detect explosives and knives at airports, video-con-ferencing systems. All these technologies have received
      AP  -  738 words
    • 334 4  -  ////< Chen Huifen (SINGAPORE) Communications-re-lated products may provide a glimmer of hope in the overall pessimism shrouding the information technology' industry, which saw business dive after the Sept 11 terrorist attacks. "One scenario that could pan out in the long term is that
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    • 639 5 AFP. Reuters [ISLAMABAD] Pakistani President Pervez Musharraf yesterday said military action against Afghanistan's Taliban regime would be short and sharp, followed by a major rehabilitation plan for the war-ravaged country. "One is hoping, and I have got definite assurances, that this operation
      AFP.; Reuters; AP  -  639 words
    • 625 5 US hopes supplies will cushion war's blow to hungry Afghans AFP, AP, LAT-WP, Reuters [WASHINGTON! The United States launched a new kind of war in the skies over Afghanistan on Sunday: one that combined dropping tonnes of explosives on military targets along with
      AFP,; AP,; LAT-WP,; Reuters; AP  -  625 words
    • 787 6  -  But mayor Giuliani denies report city wonld be locked down for fear of terrorist reprisals From l Catherine Ong in Xew York FEARING reprisals from terrorists in the wake of a US-led military strike on Afghanistan. New York went into a
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    • 545 6 AFP, AFX, AP, Reuters [LONDON) "Very considerable damage" was wreaked on Taliban defence installations by Sunday night's allied air and missile raids, British Foreign Secretary Jack Straw disclosed yesterday. US Defence Secretary Donald Rumsfeld said the US and British forces were "very successful" in their
      AFP,; AFX,; AP,; Reuters  -  545 words
    • 814 6  -  But anti-US sentiments in Muslim countries is a danger, reports uom hadar from Washington LEON HADAR Reflecting a sense of national unity that the United States has not experienced since World War 11, the American people have rallied behind President George W Bush, who launched on
      AP  -  814 words
    • 587 6 Silence from friendly govts in Arab world; some of their citizens express outrage Reuters, AFP, Bloomberg, AP [LONDON] The world yesterday reacted to the US-led strikes on Afghanistan with unanimous condemnation of terrorism. But as allies welcomed the tough response some
      Reuters,; AFP,; Bloomberg,; AP  -  587 words
    • 192 7 AFP [ZAMBOANGA, Philippines] Muslim rebels with links to Saudi militant Osama bin Laden bombed two southern Philippines hotels yesterday as the government stepped up its offensive against them, officials said. The explosions here tore off part of a ceiling of a room at
      AFP  -  192 words
    • 580 7  -  Security forces on full alert as hardline gronps threaten violence, protests From! Shoeb Kagda in Jakarta INDONESIA'S foreign community yesterday braced itself for possible retaliation by militant Muslim groups following American and British attacks on Afghanistan. The American, British, Canadian and French embassies remained
      AP  -  580 words
    • 351 7  -  From Eddie Toh in Kuala Lumpur THE US bombing of Afghan targets over the weekend has received the thumbs down from both sides of the political fence in Malaysia, with Prime Minister Mahathir Mohamad reiterating his stance that war is not the answer to
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  • Page 2 Advertisements
    • 229 2 HUBLOT CHRONOGRAPH AUTOMATIC that Sensational Feeling o Si I'i'l i mi Sn ki ki i;iu kSi k \r. Ri mm I(' \si w i ill "r S< KI V\ I<MKII) C k< »\v VWMIkRIMM W I M |(K) Mi > 111 I l. Soi'MiMM' \ll i > \lii ii wism
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    • 20 2 Longer wait for new jobs for senior staff, Pg 10 SNEF warns of more job cuts in '02, Pg 10
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  • Page 3 Advertisements
    • 161 3 LOEWE. The new Plasma Digital TV. The technological basis of a Spheros is its plasma display. Spheros represents the quintessence of television. This totally flat TV set can be hung on the wall 11| like a painting or placed in the centre of a room like a sculptured work of
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  • Page 7 Advertisements
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  • EDITORIAL & opinion
    • 965 8  -  ■era I bottom line OPINION david mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to HT. THE international crackdown on terrorism
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    • 49 8 'First, it was planes; now, it's buses. I'm just going to walk from now on. I've got at least 50 more years of living to do.' Steven Lawson a 20-year-old nxtfer. who was delayed after a Greyhound Lines hus crashed when a passenger attacked the driver.
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    • 588 8 EDITORIAL THE long-expected military strikes by US and British forces in Afghanistan have, predictably, elicited a whole spectrum of reactions from the international community, ranging from strong support to outraged opposition. With the strikes as well as other anti-terrorist measures likely to continue for a
      588 words
    • 1525 8  -  Muslims most do more to show the positive side of their religion and allay widespread fears and misperceptions By Yang Razali Kassim The writer isßT's regional analysis editor MOAWIYA Kabha is an Arab who lives in Israel one of 940,000 who make up
      REITERS  -  1,525 words
    • 739 8  -  COMMENTARY Bold steps mast be taken to show both sides a political solution is possible ii»h Anthony Lewis NYT THE Middle East peace initiative that President George W Bush was planning before Sept 11 is desperately needed now. It would help the
      NYT  -  739 words

  • SINGAPORE companies
    • 370 9  -  Aussie state seeks talks on Ansett; Branson wants to discnss Virgin Atlantic issnes By\ Beth Jinks SINGAPORE Airlines executives will meet premier Steve Bracks of the Australian state of Victoria tomorrow and Virgin Atlantic boss Richard Branson later this week in
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    • 143 9 SINGAPORE Press Holdings Ltd (SPH) yesterday said it has appointed Lim Chin Beng a non-executive director. His appointment was effective on Oct L The latest appointment brings to 11 the number on SPH's board. In March this year, SPH named Yeo Ning Hong,
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    • 510 9  -  Earnings growth expected to slow in the wake of Sept 11 terrorist attacks By 1 Teh Hooi Ling SINGAPORE Technologies Engineering (STE) yesterday announced a 26 per cent rise in net earnings for the First nine months of this year, but said earnings
      RICHARD CHNG  -  510 words
    • 682 9  -  mfsm locksie^^l neil behrmann GLOBAL stock markets, and especially those in Europe, are on average offering the best value in 10 years. But the mood is anxious and only experienced, shrewd, or indeed lucky, bargain hunters will succeed. Historic values and previously
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    • COMPANY Briefs
      • 156 9 CAPITALAND yesterday said it had completed the sale of an office building in London for $125 million. After deducting divestment expenses, Capita Land said it will be left with a gain of $29.2 million. Wholly owned Capita Land Commercial sold the nine-storey office building in the
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      • 86 9 Reuters SINGAPORE Telecommunications' Optus said yesterday it had agreed to acquire the Australian mobile business of ComVergent Telecommunications. Optus, Australia's second largest telco, said it would acquire the mobile base of 120,000 active customers and ComVergent's retail distribution network of 140 outlets nationwide. It did
        Reuters  -  86 words
    • 298 9  -  Ha Siow Li Sen THE Singapore Exchange (SGX) said yesterday it will double the maximum clearing fee from $100 to $200 for trades above $200,000 from Dec 1. The current clearing fee of 0.05 per cent of the contract
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  • Page 9 Advertisements
    • 83 9 V I N U M FINE WINE MERCHANTS SIN O A PO R E ANNUAL a sale Ends Saturday 13 th October More than 30 Wines 2001 Up to 30% Discount Bordeaux, Burgundy, Rhone, Champagne, Australia, Italy Free Wine Tasting our Fullerton Branch* For the latest details on the SALE,
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    • 494 9 i Performance measurement and presentation are key when communicating to both clients and potential clients your capabilities and where you stand amongst the competition. Globalisation in today's world also means that the ability to promote yourself across geographical boundaries will determine whether your business will grow or diminish. The introduction
      494 words

  • SINGAPORE news
    • 357 10  -  It hopes for more off-Budget measures to help older workers find jobs Vince Chong JOB cuts may be more severe next year as the economy continues to slide, the Singapore National Employers Federation warned yesterday. "We estimate retrenchments to come up to
      357 words
    • 338 10  -  the economy wholesale prices By Siow Li Sen SINGAPORE'S wholesale prices fell faster in August, mainly because of the US dollar's sharp decline against the local unit. According to the Department of Statistics (DOS), the Singapore manufactured products price index fell 3.4 per
      Source: DOS  -  338 words
    • 638 10  -  Byi Siow Li Sen SENIOR managers who are laid off are going to find that it takes longer than six months to land their next job in the current gloomy environment, say consultants. The experience earlier this year was that most senior
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    • 474 10  -  One points to conflict of interest; another wants his own conveyancing unit By Kalpana Rashiwala REAL estate consultants have reacted strongly to a proposal by some lawyers to allow solicitors to double as property agents, with one head honcho dismissing it as "ridiculous" and another
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    • 368 10  -  It's a key tool to resolve corporate woes, study shows Ihfi Anna Teo THE more developed the country, the greater the incidence of bankruptcy, it seems. And Singapore ranks among the leading countries in the use of bankruptcy as a means of resolving
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    • 317 10  -  Byi Andrea Tan FEWER visitors. Cheaper holidays. Still, National Association of Travel Agents Singapore (Natas) president Lee Liat Cheng has reasons to be satisfied in these tough times. The three-day Natas Holidays fair over the weekend drew 25,000 visitors, down 35 per cent from
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  • 3586 10 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: American Opport Fd 0.697 0.733 Asian Fixed Income Fd 1.113 1.148 China Opportunities Fd!** 0.846 0 889 ContEuroEqtyFd!** 0.875 0.920 Global MNC Fd 0 60S 0 636 Global Technology Fd!** 0.429 0.451 Indonesia Equity Fd!** 0.596 0.626 Japan EqtyFd!**
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  • FOCUS property
    • 672 11  -  1=11 comment PROPERTY MND's current numbers are useful, but S'pore can learn from HE in providing even more data on secondary market lee han shih Since 1986, the Ministry of National Development has been very open in giving out information about the property market. It
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    • 279 11  -  Foo Kuo Meng Singapore I REFER to the letter "Biting the bullet may be the better option" by Lim Chuan Lam (Mailbag, Sept 3). I applaud Mr Lim for "biting the bullet" by selling his investment property. However, I belong to the group of
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    • 243 11  -  Kenneth Yeung Singapore, via Internet I REFER to your article "20°o downpayment rule may be lifted" by Lee Han Shih (BT, Sept 25). Asians, in particular, never learn notwithstanding the tragic attack in New York and the Pentagon that the dependence on property to
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    • 184 11  -  Andy Peh Eng Hwee Singapore I REFER to your article "Homeowners need help" by Lee Han Shih (BT, Oct 2). I believe the government has stood firm so far on its policy on private property, reflected especially in its recent stance on the waiver of the
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    • 259 11  -  7i rj l n bag Lu, Kee Hong Singapore I REFER to your article "Homeowners need help" by Lee Han Shih (BT, Oct 2). This is a great piece that offers constructive suggestions to help the honest, non-speculative homeowners caught in this asset building trap. I have
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    • 268 11  -  Seow Eng Ghee Singapore I REFER to your article "20 per cent downpayment rule may be lifted" by Lee Han Shih (BT, Sept 25). I have been shopping around for a property for quite some time and, to be honest, the local
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    • 125 11  -  Tew Woon Chong Singapore, via Internet I REFER to your article, "Homeowners need help" by Lee Han Shih (BT, Oct 2). Why should the government help property owners. Prior to making a major capital decision before purchasing a home (especially a private property), one must factor in
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    • 117 11  -  Chia Shyh Chiuan Singapore, via Internet I REFER to your article "Homeowners need help"(BT, Oct 2). I totally disagree that the government should provide any help. Any sort of investment is a risk. Singaporeans should instead learn to be content and live within their means.
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  • Page 11 Advertisements
    • 86 11 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*****s. 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 libel
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    • 104 11 INDUSTRIAL DEVELOPMENT COMPRISING 2 PURPOSE BUILT DETACHED BUILDINGS 76 PIONEER ROAD Description Industrial development comprising 2 purpose built detached buildings 2 and 3 Mezzanine levels respectively Tenure year JSX Site Area 29,263 sq.m Gross Floor Area 31,676 sq.m. For Sale by Tender 206 Bedok South Ave 1 A development comprising
      104 words
    • 190 11 Markono Distri Centre 5-Storey Warehouse/Showroom Freehold Units For Sale/Lease Prominently located alongTagore Lane, off Upper Thomson Road Excellent corporate-like development Sizes from 1,830 sf to 5,780 sf Floor loading: 15 KN/m 2 to 17 KN/m 2 Excellent loading/unloading facilities Ample surface car/lorry parking lots Highly accessible via the CTE, SLE
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  • INDIA week
    • 996 12  -  Eugene low finds out from Indian High Commissioner P P Shukla the new fertile ground for trade co-operation between India and Singapore EUGENE LOW INVESTMENT opportunities in India's information technology and communications sectors are wellknown but there are also plenty of openings in areas
      ARTHUR LEE; M BALAN  -  996 words
    • 701 13  -  ling su ANN talks to Confederation of Indian Industry chief Sanjiv Goenka about the goals of India Week LING SU ANN The launch of India Week will help boost business links between Singapore and India by providing an informal platform for businessmen to
      CII WEBSITE  -  701 words
    • 644 13  -  By i Cheah Ui-Hoon THE best of Indian talent in the arts and cultural world will be showcased at the performing arts schedule in Celebrating India 2001. And not all of it is classical either, with an exciting contemporary line-up that has demonstrated
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  • Page 12 Advertisements
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    • 24 12 ompit men ts fjvom NIIT NIIT Asia Pacific Pte Ltd. 152, Beach Road #03-01/04 Gateway east Singapore *****1 Tel: (65) *****00 Fax: (65) *****22
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    • 28 12 Complimentsfiom Lion Tourist Services Re Ltd 581 Orchard Road #81-00 Hilton International Singapore Singapore 238 883 Tel: 733 9897(24 hours) Fax: 733 8812 Email: liontour@singnet com.sg Website: www.liontounst.com.sg
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  • Page 13 Advertisements
    • 133 13 F Btifjj :JW Infill/ I %^?q^«? (i hßT^t-i 18/ n f -«KHi fl il'Jli iv WMI« *11 Bl ilv*' jJjJJ^^^ They say that it takes a lifetime to embrace and understand all that India has to offer. It's a land so intricate and diverse that no two places are alike!
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  • REGIONAL news
    • 223 14 KUALA LUMPUR Manufacturing dives 10.5% as chip firms idle product lines Bloomberg MALAYSIAN industrial production dropped for a sixth month in August as manufacturers cut back because of a slump in exports of semicon- ductors and other electronics goods. Production of the country's
      Bloomberg  -  223 words
    • 395 14  -  Bnt overall sales volume and prices are still weak From] Diana Oon Abdullah in Kuala Lumpur MALAYSIA managed to remove close to a third of its residential property overhang in the first half of the year, despite weaker sales volume and prices.
      395 words
    • 396 14  -  gmmiumj From Eddie Toh in Kuala Lumpur THERE is a likelihood of KLM Royal Dutch Airlines flying more often to Kuala Lumpur instead of Singapore or even move the bulk of its operations to the Kuala Lumpur International Airport (KLIA), a source
      FILE PHOTO  -  396 words
    • 431 16  -  New deputy PM post for economic affairs to be added; Somkid tipped for position From Harish Mehta in Bangkok FACING intense pressure to pull the Thai economy out of near-zero growth, Prime Minister Thaksin Shinawatra yesterday unveiled plans to reshuffle his Cabinet,
      431 words
  • FINANCE
    • Article, Illustration
      1275 14 MTEBBAME CROSS EATBS gets C$ gwfc Euro FTr Dm H*$ Ind is HfUk Yen Won KM NZ$ Pafc Rs Peso S$ Band Sir UTS I* Pwwd g Australia 0.791 4.199 0.548 3.594 1072 3.947 24.354 51.895 0.606 6.641 1.923 1.218 31.777 26.137 0.908 4.731 0.810 17.484 22*76 0.343 0.506 Canada
      1,275 words
    • 313 14  -  ST IndeVMSCISTpore Index K C Sum Refco (Singapore) SINGAPORE shares closed sharply lower yesterday as jittery investors worried about repercussions from the US-led bombing of Afghanistan. At the close, the benchmark Straits Times Index was at 1,349.01 points, down 36.44 points, or 2.63 per
      313 words
    • 242 14  -  MSCI Taiwan Index Daniel Wong Refco (Singapore) TAIWAN stocks fell yesterday with the US attacks against Taliban facilities in Afghanistan raising concerns of a war that might hurt global growth. The MSCI Taiwan Stock Index fell 2.28 points, or 1.39 per cent, to end at
      242 words
    • 230 14 Reuters London THE US dollar fell yesterday, losing as much as one per cent against the Swiss franc as investors sought safe-ha-vens after the US-led strikes on Afghanistan. The greenback also shed over half a per cent against the yen and a third of a per cent against
      Reuters  -  230 words
  • Page 14 Advertisements
    • 125 14 nr^¥?ri Li anhe Zaobao I I What's I I the impact of I lUS striking I I at terrorism I I on financial I I institutions? I I I I I Since 1975 our worldwide staff of over 275 multi-disciplined professionals nT V including lawyers, chartered accountants i K chartered
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    • 397 16 FOOD/ ENTERTAINMENT The Straits Times Classified. Classifications 5-36. Buy h sen h. fw h. I j B r Jj ranq mahal Buffet Lunch, Noon to 2.30pm Dinner 6.30pm to 10.30pm (Closed for lunch on Saturdays) Ffcr rtMrvatioM, cal us it (65) 333-f7BB or fu (65) 333-1660 RAMC MAHAL Law ItoM
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  • REGION world
    • 663 17  -  He says Jakarta is finalising law which will give island free trade zone statos From\ Shoeb Kagda in Jakarta THE head of the Batam Industrial Development Authority (Bida) has downplayed a growing dispute between his agency and the island's municipal government over the issuing
      663 words
    • 270 17 JAKARTA 2 of his daughters, son-in-law seen as witnesses: officials AP STATE prosecutors yesterday questioned two daugh ters and a son-in-law of former Indonesian president Suharto over alleged corruption surrounding the construction of two toll roads, officials said. The three Siti Hediati "Titiek"
      AP; FILE PHOTO  -  270 words
    • 267 17 MUNICH Probe to find if it has enough collateral against loans taken Bloomberg KIRCH Holding GmbH said its house banks are being probed by the German banking watchdog BAKred to find out whether Germany's sec-ond-largest media company has enough collateral against loans it has taken out.
      Bloomberg  -  267 words
    • 181 17 JAKARTA Reuters INDONESIA has asked the Asian Development Bank (ADB) to ease conditions required for the release of a loan of up to US$6OO miUion, an official said yesterday. The ADB earlier this year asked Indonesia to give more incentives and relax barriers against
      Reuters  -  181 words
    • 491 17 AP {STOCKHOLM] An American and two British researchers won the 2001 Nobel Prize in medicine yesterday for their discoveries in cell development that are expected to lead to new cancer treatments. Leland H Hartwell, 61, of Fred Hutchinson Cancer
      AP; AFP  -  491 words
  • Page 17 Advertisements
    • 674 17 IN THfc MATTER OF THfc COMPANIES ACT. CAP V) AND IN THE MATTER OF K.B.R. (SINGVPORE) PTF LTD (In Members' Voluntary I liquidationi NOTICE OF SPECIAL RESOLUTIONS Al an fcxtraordinary (ieneral Meeting of the Company duly convened al Unit 18.6/E Block H. Focal Industrial Centre. 21 Man Ix* Street. Hunghom.
      674 words
    • 1165 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DSTORE SINGAPORE PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 95 South Bridge Road #07-28 Pidemco Centre Singapore *****7 on the
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  • WORLD news
    • 644 18 LONDON But economists caution signs of recovery due to jump in car production Reuters MANUFACTURING output in Britain rose at the fastest rate in more than two years the month before the suicide air hijackings in the United States rattled the global economy,
      Reuters  -  644 words
    • 424 18 WASHINGTON Bloomberg, Reuters JUST hours before the United States launched strikes against military targets in Afghanistan on Sunday, senior US officials touting a proposed fiscal stimulus package sought to paint a bright picture of the prospects for the world's top economy. White House
      Bloomberg,; Reuters  -  424 words
    • 263 18 LONDON Bloomberg RAILTRACK Pic's shares were suspended from trading after the UK government won a court order on Sunday to take control of the owner of the nation's 176-year-old rail network, which has run out of cash. The government will oversee the running of
      Bloomberg  -  263 words
    • LATE Briefs
      • 83 18 Bloomberg [REDMOND, Washington] AT&T Wireless Services agreed to buy the 77 per cent of TeleCorp PCS it doesn't already own for US$4.7 billion in stock and assumed debt to add markets with 32 million potential customers in 14 states. AT&T Wireless will pay 0.9
        Bloomberg  -  83 words
      • 59 18 AFX [NEW YORK] Xerox Corp dismissed its longtime auditor KPMG amid continuing tension with the accounting firm over whether Xerox took adequate steps to shore up accounting in the wake of a financial scandal, the Wall Street Journal reported, citing a Securities and Exchange
        AFX  -  59 words
      • 44 18 Bloomberg [COLUMBUS, Ohio] American Electric Power Co, the biggest US electricity generator, agreed to buy two UK power stations from Edison Mission Energy for US$96O million to boost its position in Europe's No 3 energy market. Bloomberg
        Bloomberg  -  44 words
      • 76 18 Bloomberg [MADRID] Amadeus SA, Europe's largest electronic travel reservations company, said it will report third-quarter net income fell as much as 62 per cent as demand for travel slumped following the terrorist attacks in the US. It expects net income before items of
        Bloomberg  -  76 words
    • 184 19 AFP [WELLINGTON] New Zealand opposition leader Jenny Shipley, who was the country's first female premier, quit yesterday. She told reporters she expected the National Party would install Bill English in her place today. "It's clear that the majority of caucus want me to leave
      AFP; AP  -  184 words
    • 361 19 SANTA CLARA, California Computing speeds, performance seen soaring on new chip packaging tech Reuters INTEL Corp, the world's largest chipmaker, has developed new semiconductor packag ing technology that will allow for microprocessors boasting one billion transistors and running at 20
      Reuters  -  361 words
  • 4453 18 HONG KONG Vol Oct a HK$ OOP) AcrossAsia Multimedia 0.65 unch 0 Alpha General 0.03 unch 7974 Amoy Prop 7.10 -0.25 3905 Ananda Winq On 0.05 unch ***** Anqang New Steel H 0.92 0.03 ***** Anhui Conch H 1.50 0.03 2476 Anhui Expressway H 1.24 -0.01 1390 Arcontech
    4,453 words
  • Page 18 Miscellaneous
    • 338 18 CRYPTIC CROSSWORD 1 Diggers, as is natural perhaps 9 In a series of exercises the head shows unfitness (9) 9 I I 10 Rant without point and there will a row (5) 11 Taking a little bribe risks making a bloomer (6) 12 Having some money, settled as h|mL| promised
      338 words

  • 8627 19 SGXMAINBOARD Or Gr M Wt 52-Wk Last Vol Day Last Quote Oh Dm YW Met Cap Av^ mjt» law Cof»> Sate (HOP) Law Sdfcr Cw Ht 5wt Pnc» s Aberdeen 10p UK 150 37.5 0.7 2.5 57.7 233 9 6 ABNAmroNLG 56c 9 12 3.4 138 39.5 8
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  • Page 20 Advertisements

  • SHIPPING TIMES
    • 274 21 Reuters THE Baltic Dry Index (BDI) fell 10 points to 900, the Baltic Panamax Index (BPI) lost 10 points to 896, the Baltic Handymax Index (BHI) eased one point to 7,242 and the Baltic Capesize Index (BCI) was down 17 points to 998. TIME-CHARTER: Kohyosan (built 2001) 170,000
      Reuters  -  274 words
    • 295 21 SOX '000 Pel 8 SS CWT Distribution 0.S3 -0.02 10 Chuan Hup 0.32 unch 2077 Cosco Investment 0.16 -0.01 186 Freight Links 0.05 unch 26S GB Holdings 0-36 unch 0 IMC Hokttngs-HK _..5.60 unch 0 Jay* Holdings 0.15 -0.01 50 Keppel Corp 2.90 -0.02 1808 Keppel FELS 1.54
      295 words
    • 494 21  -  Intertanko members complain of scam daring bunkering in S'pore waters By Beth Jinks [SINGAPORE] Singapore's bunkering procedures may be reviewed by the Maritime and Port Authority of Singapore (MPA) following allegations that some local fuel suppliers are abusing the "air blowing" option within
      494 words
    • PORT Shots
      • 101 21 [SINGAPORE] Taiwanese shipping giant Evergreen recently launched its 11th P-type container ship Ever Peace at its Japanese shipyard in Nagasaki. The vessel is one of 15 on order by the group the first 10 were already delivered to subsidiary Uniglory Marine Corporation. The P-type are
        101 words
      • 65 21 [SINGAPORE] Australia's Patrick's Stevedores will relocate its Brisbane break-bulk and vehicle pre-delivery inspection operations to Fisherman Islands from Hamilton from 2002. The company signed an agreement with Port of Brisbane Corp last week, which leaves other existing services operating at Hamilton. The move
        65 words
    • 362 21  -  Simulator-based course impractical, say crewing agencies From j Alec Almazan in Manila THE Philippine crewing industry is up in arms over a government order requiring all deck officers and marine engineers to undergo a simula-tor-based retraining course before being issued with
      FILE PHOTO  -  362 words
    • 259 21  -  By I Beth Jinks [SINGAPORE] Singapore's petrochemical hub Jurong Island is being patrolled by armed soldiers in the wake of security concerns stemming from the September 11 terrorist attack on the US. The Ministry of Home Affairs warned on Friday that "due to the current
      ARTHUR LEE  -  259 words
    • KOREAN shipbuilding
      • 860 22 South Korea is today's leading shipbuilding country with 43 per cent of all ships on order. Traditionally strong shipbuilders in Europe and Japan are dropping behind, while the Chinese market is slowly catching up. Three top Korean executives here explain the reasons behind
        DNV Forum  -  860 words
    • 159 22 PAGE Appenship 5 Assets 5 BSA 7 B tanq Mas 6 CMACCM 3 COSCO 3 CoJumbus 6 II Central Ex 6 China Shpq 5 H Cougar 6 II CWT Globelmk 6 Delmas 4 Otak Lloyd 6 Donqnama 3 ECL A ECU Line 5/6/7 Evergreen 6 FoongSun 5
      159 words
    • 8759 27 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 8/8 23/H CMA COM SAUDI JEOOAH MOW 65 *****00 17/10 8/n Kien Hung ELISABETH RICKMERS EZ84S 65-*****33 17/10 28/11 COSCO HOPE ****** 65-*****00 18/10 T7/1I Delmas HYUNDAI
      8,759 words
    • SHIPS IN PORT
      • 800 29 Vessel Voy No Berth Arrival Departure Umstar 2116 J-**** 08/10/1:15 10/10/21:30 C Success 08-Oct Jtl 08/10/7:35 08/10/17:00 Haru 02Jan J16 08/10/815 09/10/12 00 Cgm Renoir 7301 J» 08/10/6 45 09/10/21:00 Pakn 3 JbtOOl J15 08/10/8 45 08/10/17:00 Bayswaterl18 M1242 J02 08/10/910 08/10/16:00 Bt Mm Gt6 S7 Oct-OB JOI
        800 words
      • 2061 29 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From »CI HIBISCUS 0574 9/8 00 W 07/1500 07/1659 M-00 24 07/1700 06/0459 06/0900 21 07/1700 06/0659 04/0900 ot/oroo oe/1159 06/1400 4 06/1200 06/M59 06/1700 »CI MAGNOLIA 0424 9/2300 It 07/1500
        2,061 words
      • 218 29 October 10 Japan: Health and Sports Day Taiwan: National Day October 12 Argentina: Columbus Day Mexico: Columbus Day October 15 Brunei: Meraj October 22 New Zealand: Labour Day October 23 Thailand: Chulalongkorn Day October 25 Hongkong: Chung Yeung Festival Taiwan: Retrocession Day October 29 Ireland: Halloween Weekend October
        218 words
      • 832 29 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        832 words
      • 614 29 Carbon 180 Mai 978.1 0.4 16.5 0.07 34 0.06 0(14 Density Hater Residue Ash Aluminium Sediment No above E25 0 0 1 0 0 0 380 Ave 987.6 02 14.5 0.06 25 0.02 Eiin 380 Mai 9912 0.8 17.6 0.10 47 0.04 M/M'3 *n *> m/m
        614 words
    • AIR & LAND transport
      • 394 30 Weber still against govt aid for ailing airlines following last month's terrorist attacks AFP [FRANKFURT] The German airline Lufthansa might have difficulty in making any profit this year in view of the crisis in the airline industry, chairman Juergen Weber
        AFP  -  394 words
      • 276 30 AP [MILAN] An SAS airliner swerved off the runway at Milan's Linate airport to avoid a plane that crossed its path and crashed into a small building Monday, killing more than 114 people in a fire, a fire department official said.
        AP  -  276 words
      • 426 30 Move in response to limited liquidity, fears that creditors would seize planes Reuters [ZURICH] Stricken Swiss airline Swissair planned to fly 55 per cent of normal services yesterday and today, due to limited liquidity and fears planes could be
        Reuters; AFP  -  426 words
      • 69 30 [LOS ANGELES] Members of the California National Guard armed with M-16 weapons stand guard at Los Angeles International Airport with the airport's Theme building in background which houses a restaurant. Earlier, the police department responded to a bomb scare at terminal two. A package was left
        REUTERS  -  69 words
      • 67 30 AP [TOKYO] Security officers examine a boarding pass before passengers go through the security gate at Tokyo's Haneda Airport yesterday. Shortly after US President Bush announced US and British military action started in Afghanistan, Prime Minister Junichiro Koizumi said Japan 'strongly' supports the counterstrikes against Taliban
        AP  -  67 words
      • 1721 30 CITY atCHT ETA FLIGHT £T0 MMtff LH6380 2230 ***** 2230 Amsterdam S023 0615 0*974 0130 *1837 I4M KL838 2255 5024 2345 AntananarlM M012 0645 Atlwns SO347 0545 S0348 2255 Auckland IM6987 1900 ****** 2045 *223 1900 S0285 2045 S***** 1900 NZ4286 2045 SO286 2045 Wri* 1******
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  • Page 21 Advertisements
    • 447 21 ■South Korean shipyards: Leader of the pack Page 2 SASfet crashes into Milan airport building, BackPg Lufthansa may not post profit at ail this year BackPg Swissair to operate just half its scheduled flights for tWO days BackPg PEOPLE Container shipping asset management solutions provider International Asset Systems (IAS) has
      447 words

  • Page 22 Advertisements
    • 575 22 IMPORT I NORTH AMERICA 1[ GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) GULF KARACHI EXPRESS (QKX) VOT LG P*G VESSEI VOY JEA MM MO ooa mtmirums w" JvU «o «uo™ «ut u iS 57S oT7« S7S S^T ooanrrAM <sw4o 10/10 21/10 30/10 Pto neduoyd rk> de grande ox os/io 07/10 o*/io
      575 words
    • 705 22 Lines services represented by Members of tbe Registry of Members of the Accredited Shipping Agents, n^a^ >ore Logistics y Singapore Shipping Association Association gg ULY LINE MALE VESSEL vor r FW Teta eta P. KLANG SPORE MALE Empress Lily VOBOl 17/10 18/10 26/10 Princess Lily VOBOl 02/11 03/11 11/11 Empress
      705 words

  • Page 23 Advertisements
    • 1007 23 TO USA (SAX SERVICE) VESSEL VOY SIN ETA LAX OAK DAL HOU CHI COL MEM ATI NYC APL CYPRINE IPSE 10/10 25/10 30/10 30/10 30/10 30/10 31/10 30/10 01/11 01/11 API KHITE 106E 11/10 01/11 06/11 06/11 06/11 06/11 07/11 06/11 OS/11 01/11 API HOLLAND 103E 24/10 01/11 13/11 13/11
      1,007 words
    • 1759 23 TO ADEN T/T :10 DAYS 1 Ar JEDDAH T/T: 12 DAYS I IT AQABA T/T tl5 DAYS J GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD #12-00 SALES/IKGS TEL *****57/43 FAX: *****21/71 MALAYSIA OFFICE PASIR GUDANG TEL 07-*****66 FAI- 07-KUI7O COSTAR SNIPPING PTE LTD Singapore *****8 outv/aro (i/u 4205b0/ nasnftw 03-M2&13
      1,759 words
    • 539 23 VESSEL VOY SIN KG VOY SIN HKG KEL USN PUS IHC VBSEI VOY SIN JKT SUB WIMM HQS WO If/10 71/10 74/10 73/10 27/10 UK 17/! 0 Mo I l 0 *a UUf 0400 IVIO 17/10 It/10 MIVIOIP 03SA M/ 10 14/10 KMTC PIISAN IMS 15/10 17/10 i»7iO HYMIDGf 041E
      539 words

  • Page 24 Advertisements
    • 1288 24 C SENATOR LINES TO EUROPE TO MIDPif EAST/IRAN/RED SEA VKSB VOT SW LiW HTM M« HAW MV FU VtStß VOT SW Uf oil JH) "IMO PBUMG SHUTOS 0019W W.IO 26.10 2J.10 W.IO 30.10 31.10 01.11 FOWWT OOUW 1110 20.10 72 10 27 U 2tiT~ TVADC HAUJt OOQSW 1110 03.11 04.11
      1,288 words
    • 889 24 9LAM MAC-NELS S PORE M'SIA Carrier MN COUTH UHES, INC P. GUOANG: (07) *****26 I-IV/ J cm NOt iaoo»7aoooQt SIBU: (084)*****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHING (082) *****1-3 SHANGHAI LE HAVRE MV "OOCL FRANCE" V.03E38
      889 words
    • 373 24 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO COLOMBO NHAVA SHEVA (CFS MULUNO. MUMBAI) ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN ICO POINTS vDsaw* voir |s-raMliLswv*lanoaiol conkctmg Iconkctmg va-im mmm INDttISO SCIO4W is on 730 a 74 00 IMOAMEXIAJ ZIN HAMIUIG VM34 fflt lAHAMIAN DtltßS 004* 77 00 3100 03 NOV (OHnSTOtf
      373 words

  • Page 25 Advertisements
    • 1513 25 [VESSEL VOY KHH HKG I SIN PKL DXB BAB DMM MK IRAN TEHRAN PCL-227 02/10 03/10 09/10 10/10 17/10 18/10 20/10 22/10 IRAN TABATABAEI PCL-228 09/10 10/10 17/10 19/10 27/10 28/10 30/10 02/11 IRAN KERMAN PCL-229 16/10 17/10 20/10 21/10 28/10 29/10 31/10 02/11 IRAN ISFAHAN PCL-230 23/10 24/10 27/10
      1,513 words
    • 331 25 UK CONTINENT SERVICE Loading for OCEAN TRADER RDM/ATW/BMN/UK/LPL OCEAN ISLAND RDM/ATW/BMN/UK/LPL DAFJYA TAAL RDM/ATW/BMN/UK/LPL Loads Stngapore. E7W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for EFFY N DBl/ABU/DOH/BRN/DMM/KWT SANDRA C JDH/AQA/DMT/TRP TIGER V DBl/ABU/DOH/BRN/DMM/KWT OMER KAPTANOGLU JDH/AQA/DMT PAN QUEEN ADN/JDH/DMT 'Loads Sngapore. E7W Malaysia. Indonesia USA SERVICE Loading tor ASTROMAR MZLAAX/VCW/VCB SEA
      331 words
    • 916 25 VKSfI VOT SM WW VPSB VOT SM Ml pkmhpa s*m una w/io nc iau /isi ii/io 13/10 0490N 10/10 11/10 PA(j M"AK UU 13/10 17/10 PACIANDA 0491N 11/10 12 1C PAC lAU 7159 It/10 20/10 Ipacmnoa I wali£iol 13/10 pachnun 9119 20/10 m/io -ffisa m m dji jassfl vei 5
      916 words

  • Page 26 Advertisements
    • 1102 26 EUftOPC/UK/SCANMNAVIA EXPORT VBSa/VOWg S6P I— |W6 IMV I IMP 1 IB I IW JUMTHJOIIWXW IVIO 01/11 03/11 oyii EVBGUINGO9HWWM 11/10 oVl7|»/ll I 11/11 mmiMiowfliw 71/IQ ovii ig/ii 11/11 EVERDEWIECNMRWO2I 32/10 09/11 Ml 12/11T"lVII 15/11 lAST AND ¥WIST MIMTtMANIAN/BIACK SIA EXPORT VBSfl./VOYAGE I SGP IRA GNA FOS 101 VIC TRS uaorrowo-ioo*
      1,102 words
    • 381 26 ARABIAN PHRSUN OUU/HP4AN SUM CONTNINT SfRVKI man VESSEL VOYAGE SGP CMI DUI DMN KHI NXV AKM JED AOR VUHE 174W 12/10 23/10 25/10 29/10 UNI ASPIRE 0027 039* 15/10 25/10 27/10 29/10 UN PROSPER 06W00IW 14/10 20/10 24/10 27/10 02/11 XIANCHE 174W 19/10 30/10 01/11 05/11 CEJSCO REDSEA 0028-043W 22/10
      381 words
    • 580 26 I^^ECU SINGAPORE PTE LTD 15 McCallum Street #03-01/02 Natwest Centre Singapore 0t>9045 Tel: (65) *****73 Fax (65) *****66 Email general@ecusin ecu line net Website http/Avwweculine net lohore Bahru Office Tel (07) *****18 Fax (07) *****62 SCANDINAVIA AARHUS COPENHAGEN GOTHENBURG OSLO HELSINKI (ALSO ACCEPTING ALL INLAND POINTS) For Bookings Call *****73
      580 words
    • 474 26 INDONESIA NATIONAL LINE TO AUSTRALIA T~ FULL CONTAINER SERVICE _vot r«G <# m m stp m m ah m 11$ 10/10 14/10 n/10 14/10 27/1* PONDAMAH «4S IS/1014/10 14/10 H/10 30/10 01/11 ahmet n/io a/io w/io qa/m w/i7~ potcpaai iss w/1030/iQ o*/ii 11/11 tvn 14/11 FEEDER SERVICE TO INDONESIA JSL
      474 words

  • Page 27 Advertisements
    • 389 27 BSfl 1. Wmk MYANMA pBBk FIVE STAR LINE (Myaanor National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU HPA-AN 289W SLD WONG LA 44W SUI MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TH 03-*****300 PKL TEL 03-*****101 PEN: 1U 04-*****02 PGU: TEL 07-*****21/4 BANK LINE (A service of Andrew
      389 words
    • 840 27 HYUNDAI MERCHANT MARINE CO., LTD. Vesa vor "SB" sou i» rtm ant ham m vEssa vot sou "jaT rtm ~~ant haw ~wT "ST MOIBITEGRfTY 003W 05/10 24/10 27/10 21/10 23/10 HYHWMSS 3321 11/09 12/09 13/09 IS/09 0»/10 API FRANCE 103W 07/10 29/10 27/10 25/10 MOIMAAS 545E 21/09 22/09 14/09 11/09
      840 words
    • 713 27 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERia "UR RORO HEAVYLIFT SERVICE" [VtSSIt VOY RAMP HUGHT SIN liC* MAO IMA SAV lAI Qgf \mc NEW MOI TIXAS AHI2O 400TMS 6.3* 12/10 19/11 22/11 24/11 '26/11 27/11 29/11 03/12 OS/12 TOM AHI2I 400Tm» 6.3 M 30/10 05/12 0«/12 10/12 12/12 13/12
      713 words


  • Page 29 Miscellaneous
    • 120 29 7 j LL£IL *®S?A-V-j5583&^~1' ~'f[ legend: issued by Service Singapore K Thunderstorm Showers Ram Temperature C_, Wind direction and speed in knots Cloudy Day Weather OO Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable wnds I I Slight < 1 2m
      120 words