The Business Times, 30 November 2001

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Total Pages: 40
1 40 The Business Times
  • 11 1 THE BUSINESS TIMES M jj*W3?rsL SINGAPORE FRIDAY, NOVEMBER 30, 2001 85C
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  • 77 1 m 1,464.40 (-22.13) □■mi 600.49 (-7.79) ST DIDEZ FUTURES L,465j00 (-20.00) smsa nrrußES 178 JO (-2.00) STOCK MARKET INDICES Thursday Change KLSECOMP MIX -HL» NIKKEI 225 —1M66.96 +JL15 HANG SENG 11.090.74 +2455 SETINDEX 2J7J7 +486 JAKARTA COMP .380.19 -171 MANILA COMP -1.128.47 >7.90 TAIPEI WPI 4,466.83 +18J5 SEOUL
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  • 64 1 FOBEX BATES USS St USSjSSperUSS) L831 £(l"SS/SS per L426 1608 EUBO(USS/SS/E). 18M L6» DM 1*01 1I0§ YEN mi I7J0 KM MM 1071 HKS 7.798 4MO BAHT 44.07 1407 RUPIAH 10,403 6,082 PRIMS RATES SINGAPORE* H6 KUALA LUMPUR 1.40 HONGKONG 61i JAKARTA 19.00 TAIPEI 6.79 TOKYO 1J75 SEOUL 9*5 FHANKFUBT
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  • 674 1  -  Firm's creditors owed USsl2£b; parties who traded with it at risk too From] Neil Behrman in London BANKS and corporations in Asia are staring at billions of dollars in losses should energy giant Enron Corp collapse a possibility that grows more real by the
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  • 855 1  -  Sales earlier this week encouraging developers By Vince Chong [SINGAPORE] Developers are showing a lot of spunk of late, and going by sales early this week, the market is stirring somewhat, offering hope for well-priced and accessible properties which are officially launched
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  • 651 1  -  Exit comes amid talk of rift between chairman and CEO From, Audrey Tan in Hong Kong [SINGAPORE] Standard Chartered yesterday announced the surprise resignation of its group chief executive and director Rana Talwar amid rumours of rifts among members of its top management. Stanchart's
    FILE PHOTO  -  651 words
  • 154 1 [SINGAPORE] The resignation of the chief executive of Standard Chartered pic, Rana Talwar, has sparked speculation that he may be heading for OCBC Bank. A OCBC Bank spokesman said the bank does not comment on market speculation as a matter of policy, when asked
    154 words
  • Page 1 Advertisements
    • 59 1 DHBPB Computer chip cycles due to overreaction: report Next Page Asiaweek falls prey to recession, ad slump. Mext Page China SMEs making beeline for SGX. Pg 4 New service for firms looking for directors. Pg 7 ExxonMobil cuts petrol prices. P9» The Ascott in tie-up with Mitsubishi Estate. Pg 9
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    • 2 1 TheßusinessTimes 1
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    • 110 1 Enron failure hits J P Morgan, Citigroup, Pg 18 MVir V VWW1 MUIJ JTt To stay flexible, ak^Hl HF Admiring the Reverso Gran' Sport effortless twist may well become your favourite sport. With a rubber strap that adapts perfectly to your wrist the latest in our line of legendary pivoting
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  • NEXT page
    • ON THE grapevine
      • 179 2 STANCHART'S PR machine is clearly trying to put as positive a spin as possible on the surprise departure of the bank's group chief executive, Rana Talwar, two days ago. A Stanchart spokeswoman in Hong Kong reportedly emphasised that Mr Talwar "had been considering taking a break from
        179 words
      • 84 2 YOU'VE managed to survive an exceptionally volatile investment year, congratulations! The bad news is that you've now got to worry about the new year that's just around the corner. For a start, you may want to investigate the Top 10 list suggested by the folks at
        84 words
      • 146 2 IF US Supreme Court justices give it their seal of approval, even those in the land of the free may no longer enjoy free and unrestricted access to porno sites on the Internet. Such approval will make it a crime to put "sexually explicit" material
        146 words
      • 102 2 EVER since the anthrax attacks in the US, Americans have been wary about what they get in the mail. As a result, demand for see-through envelopes has shot skyward, to the extent that manufacturer Mail-Well has confirmed orders for two million of such envelopes. Called
        102 words
    • 591 2  -  Chip price rebonnd hinges on industry controlling capacity expansions: report From, Jennifer Lien in Silicon Valley A SERIOUS glut of chipmaking capacity is causing semiconductor prices to be depressed, and a recovery in chip prices will hinge on the industry's ability to control its
      Source: SIA WSTS IC insights  -  591 words
    • 419 2  -  Last issue released yesterday; all 80 staff in HE to go after Dec 31 From Audrey Tan in Hong Kong HONG KONG-BASED mag azine Asiaweek has stopped publication after 25 years, yet another victim of the global recession. The issue of Asiaweek released yesterday
      AP  -  419 words
  • Page 2 Advertisements
    • 127 2 SOLID RENTAL GUARANTEE TOP INVES EOT PACKA(;F Managed Investment /o Ljjj: lU:set MEANS FREE OF l|M^ Body corporate r YEARS Council water rates ttßiin Ifln n M J I RENEWABLE Maintenance cost ;V LEASE Furniture Replacement Cost WHjilll I OPTION Rental Collection Fee Hiij—ww I Insurance Premiums ||tt B M
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  • SINGAPORE companies
    • 569 4  -  Firms mostly from IT, biotech sectors By\ Loh Hui Yin AS Singapore companies try to crack the China market, Chinese companies are also headed this way to tap the local capital market. Next year could see a batch of them, mainly small and medium-sized
      569 words
    • 155 4 NERA Telecommunications Ltd (NeraTel) said parent Nera ASA has bought another 10 million shares in the company at 66 cents each, boosting its stake to 50.17 per cent. NeraTel said Nera ASA has increased its ownership in NeraTel to strengthen the close relation between its
      155 words
    • 426 4  -  By* Angela Tan JURONG Engineering woke from its slumber and charged against a falling market yesterday as investors chased the counter up on its special dividend and strong order books. In stark contrast to the Straits Times Index which fell 1.5
      426 words
    • 824 4  -  lock siew anthony rowley aflM VEN more than its New York counterpart, the Tokyo stock market seems to be living in a world of make-believe. Investors in both markets (often one and the same people in today's globalised marketplace) assume that economic recovery is just
      824 words
    • 720 5  -  BKZD-COMTLNHMT TRIAL Defence expected to call on accused, experts to show shares not cornered By I Serena Ng AFTER 25 days of hearings, the prosecution in the MidContinent trial yesterday completed presenting its evidence which aimed to show that the accused in
      720 words
    • 445 5 Contractor tries to allay fears raised by auditor's report WEE Poh Holdings yesterday tried to allay fears that it may not continue as a going concern, following media reports of an auditor's report earlier this month questioning its viability. "The company and the Wee
      445 words
    • 320 7  -  Institute's anit to provide search services; has pool of about 120 members By] Ling Su Ann THE Singapore Institute of Directors (SID) has set up a subsidiary to provide search services to companies looking for independent directors. Speaking at SlD's 3rd annual general
      320 words
    • COMPANY Briefs
      • 98 7 AMTEK Engineering's profit for the three months ended Sept 30 rose 6 per cent to $6.5 million despite a 23 per cent drop in turnover to $144.7 million. The turnover plunge came mainly from Singapore where its mechanical sub-assembly of read/ write heads for use
        98 words
      • 135 7 ALEXANDRA Holdings reported earnings of $1.7 million for the half year to Sept 30, compared with a loss of $149,282 a year ago, due mainly to higher dividends received and better performance in securities trading. The company said it has obtained from the Singapore Exchange
        135 words
      • 60 7 TRANSIT-MIXED Concrete said that despite a decline in turnover, group profit rose 81 per cent to $257,000 due mainly to the write-back of provisions made in relation to certain long outstanding debts and improvement in contribution from the Malaysian units. Turnover slipped 35 per cent to
        60 words
      • 80 7 SAMUDERA Shipping Line expects its profit for the fUll year ending Dec *****1 to drop by about 60 per cent It added that should the Singapore dollar strengthen against the US dollar, the impact on results will be adverse. It said the weakening of
        80 words
      • 79 7 IDT Holdings said that for the six months to Sept 30, profit fell 41 per cent to $13.4 million as net margins dropped to 15 per cent from 22 per cent Turnover was down 14 per cent to $90 million. The company said strong growth
        79 words
    • 248 7  -  By' Teh Hooi Ling THE Classified department, a part of the Singapore Press Holdings marketing division, will be moving together with the rest of SPH's key operational and corporate support divisions to its new headquarters in Toa Payoh North. The move to a
      248 words
    • 157 7  -  By 1 R Sivanithy LOCAL broker Kim Eng Securities is shutting down its online trading service Rediscount.com from today, a little more than a year after it was launched, apparently a victim of poor market sentiment. In an e-mail to clients, executive director Ong Seng
      157 words
    • 192 7 Reuters SINGAPORE broker Kim Eng Holdings said yesterday it is buying an additional 5.77 per cent of Thai broking firm Yuanta Securities for around $3.4 million, lifting its stake to 83.5 per cent. The additional stake will be bought from Taiwan's Yuanta-Co re
      Reuters  -  192 words
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    • 304 5 T J* '9^hk^jAhlbL i ut^? Mi^/mi tjßfc&jh*., *ywH Kl A cl SkOfl©nnrl Oil. M. I 4 ~:y.sl&f Never the of small European v H§S 1 V OnW^Jf^ d *£s»W*r^g»-^ AIG INTERNATIONAL FUNDS EUROPE SMALL COMPANIES EQUITY FUND The Fund feeds directly into the 5-star Micropal-rated* AIG Europe Small Companies Fund
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  • SINGAPORE markets
    • Article, Illustration
      316 6 OTHER SINGAPORE INDICES Nov 29 VALUE CLOSE BT OftDS 98.00 -215.00 BTCAJM -*****.00 -4.00 BTMMbyMA +10.00 D6S 50 M«i 469.41 -7.76 OC8C30 464.69 -7.76 AH-SG Lowties 389.07 *4.81 SG Equlbct Oact 122.24 -1.59 SO EqoMM Fta 1225.03 -22.82 SGE*rittMPro9 387.96 +1.81 IBQSIupti 178.82 -3.15 SMSCI Future 178.90 -2.00 Slocks Volume
      316 words
    • 276 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan IT has been a long while since this column featured Keppel Corp. Part of the reason for this has been the relatively poor investor interest in this underperforming stock. However, a slew of news reports
      276 words
    • 737 6  -  I lri comment STOCKS r. sivanithy FOR the past month or so, Wall Street investors have based their trading strategies on one simple theme that the economic recovery will be Vshaped and not L- or U-shaped as was previously feared. Fuelled by optimism following
      737 words
    • 528 6  -  I-ii comment CURRENCIES Key short-term supports for US$ uncomfortably close, but may be too early to call for turnaround larry wee ANOTHER sharp fall on Wall Street overnight found the US dollar under fire for a second consecutive session yesterday in Asia,
      Source: Reuters  -  528 words
  • 2895 6 UNIT TRUSTS FUNDS ABM Amro Asset Mgt (S'porc) Star Europe Eqty!* 0802/ Star Europe Bd 0.979/ Star Europe Bal 0.875/ Star Asian Tiger Eqty 0.7021 Star Asia Bond 1.213/ Star Asia Balanced 0.852/ Star Global Technology Fund 0.31V Star Bhv Finance Japan Fundi** 0.877/ AM Govett (Asia) Ltd. Govett Asia
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  • Page 7 Advertisements
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    • 86 7 "It's not who you know* It's what they know*" SJ /i j the I' Second World War, he had to serve as h d ffi I f" CoOsd L/nWW3fll t *OT7I rided f f I To find out more about The Citigroup Private Bank, please call (65) 227-9188 Ninety office*
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  • Page 8 Advertisements
    • 1822 8 Ayr I IDT HOLDINGS (SINGAPORE) LIMITED I (Incorporated in the Republic of Singapore with limited liability) 1 IDT HOLDINGS (SINGAPORE) LIMITED is an investment holding company whose subsidiaries are engaged in the design. I engineering, manufacture and marketing of consumer electronic products which principally feature LCD and microprocessor B applications.
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    • 1015 8 CoMM l-COMM TECHNOLOGY LIMITED (Incorporated in Bermuda with limited liability) l-COMM TECHNOLOGY LIMITED is an holding company whose subsidiaries are engaged in the design, development, manufacture and marketing of consumer telecommunication products. Group Financial Highlights 2001/2002 2000/2001 Turnover (USs'm) 41.7 59 2 Profit before income tax and minority interests (USs'm)
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  • SINGAPORE news
    • 416 9 P=tf 3 on the economy manufacturing WHEN recovery comes, Singapore should outperform most of the other Asian economies because of its well-developed service sectors and "less pressing" structural problems. So says SG Securities in a recent report focused on three of the more "tech-centric"
      416 words
    • 324 9 Reuters [TOKYO] Hitachi, Japan's largest electronics maker, said yesterday it would make further job and output cuts at a chipmaking venture in Singapore, slashing 430 out of9Bo jobs by the end of this month. Last month, the company had said
      Reuters  -  324 words
    • 468 9  -  mimmm Ivan Tan director Corporate Communications Sing Tel I REFER to the letters in BT's Mailbag by Messrs Narayana Narayana (Nov 28) and Lai Yeu Huan (Nov 29) regarding SingTel's recent bond offering. Mr Narayana suggested that Sing Tel could have achieved optimum benefit for its shareholders
      468 words
    • 310 9  -  Refaction of six cents per litre may spark price war Byi Christopher Tan THE first salvo of what could become an islandwide pump price war was fired yesterday when ExxonMobil cut petrol rates by 5 per cent. The reduction of six cents per litre for all
      310 words
    • 384 9  -  They are among the four recipients of Aaun Business Leader Awards By Kalpana Rashiwala RAFFLES International chairman and CEO Richard Heifer has been named Corporate Citizen of the Year and Neptune Orient Lines group president and CEO Flemming Jacobs bagged the CEO's Choice Award
      TAN SUAN ANN/ST  -  384 words
    • 269 9  -  By Kalpana Rashiwala HOT on the heels of its UK joint venture announced last week, serviced apartment giant The Ascott has made a big leap in Japan, tieing up with real estate giant Mitsubishi Estate Co. The two have inked a memorandum of
      269 words
    • 308 9 THE government is conducting the first comprehensive survey of the legal industry so as to help come up with policies aimed at increasing its competitiveness. The study comes on the back of the prime minister's call for businesses to reinvent themselves and at
      308 words
    • 177 9 The Housing and Development Board (HDB) will build 1,600 homes in India's Andhra Pradesh state styled after Singapore's public housing, the Trade Development Board said yesterday. Cesma International, a wholly owned subsidiary of HDB, was awarded the contract to be master planner
      177 words
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  • EDITORIAL & opinion
    • 747 12  -  mum I bottom line OPINION leon hadar The writer is BT's Washington Correspondent WITH the military situation in Afghanistan in the process of semistabilisation, US officials and media pundits are focusing on Phase Two' of President George Bush's war on terrorism and are wondering whether
      747 words
    • 88 12 'We ask them for space and now they are sending us their own people.' -Panapa Neleaooe spokesman for the Pacific atoll nation of Tuvalu, on Australia s request that it host Arab refugees making their way to Australia. Tuvalu is in danger of disappearing under the sea
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    • 616 12 EDITORIAL INDIA came out as the villain of the piece at the Doha talks to launch a new trade liberalisation round it nearly scuttled the successful conclusion of the session But the label may be a tad unfair. India's delegation had argued that issues such as
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    • 999 12  -  Current pessimism a result of excessive optimism in the past By Robert Samuelson The Washington Post Writers Group TO the "Internet bubble" and the "telecoms bubble" can now be added the "emerging markets bubble". All have popped. In contrast to the first two, which
      The Washington Post Writers Group; AFP  -  999 words
    • 797 12  -  COMMENTARY By' Thomas Vogel Bloomberg [SAO PAULO] What happened to the Latin America market contagion that investors and analysts feared would happen this year? As Argentina suffers a continuing financial and political crisis, several other Latin American markets have strengthened. It may be too early to know
      Bloomberg; AP  -  797 words

  • REGIONAL news
    • NOTE Book
      • 111 13 Bloomberg [KUALA LUMPUR] TeleKom Malaysia Bhd, the country's biggest phone company, will spend RM3.5 billion (SSI .7 billion) next year to boost services and gain market share, analysts said. Telekom chief executive Mohd Khir Abdul Rahman spoke to analysts and fund managers on Tuesday about
        Bloomberg  -  111 words
      • 109 13 Dow Jones Newswires [KUALA LUMPUR] A total 0f3,740 bank employees from Malayan Banking Bhd, Bumiputera Commerce Bank Bhd, Hong Leong Bank Bhd and Southern Bank Bhd have so far opted to accept voluntary layoff offers following mergers, Bernama news agency reported yesterday. Hashim
        Dow Jones Newswires  -  109 words
      • 103 13 AP [LAS VEGAS] Charlie "Atong" Ang, a friend and gambling adviser of former Philippine president Joseph Estrada who faces charges of looting the public treasury, is being held by US Federal authorities in Las Vegas. Ang, 43, was being held on Wednesday in a
        AP  -  103 words
      • 85 13 Bloomberg [MANILA] San Miguel Corp, the Philippines' largest food and beverage company, is in talks to sell a stake to an unidentified "leading brewer", the company said in a statement. The Philippine Daily Inquirer, citing unidentified people, reported yesterday that the buyer will
        Bloomberg  -  85 words
      • 103 13 Xinhua [HANOI] Vietnam has worked out a US$45O million plan to develop Ho Chi Minh City into an information technology (IT) hub of the country by 2005, local daily Vietnam News reported today. The plan will aim to develop a high-tech labour
        Xinhua  -  103 words
    • 327 13  -  t'H exclusive Akb&r Khan's nephew says transaction to be partly funded by bank borrowings From Eddie Toh in Kuala Lumpur THE nephew of controversial businessman Akbar Khan has quashed rumours that he has abandoned his plan to acquire a substantial stake in Bandar Raya
      327 words
    • 167 13 m KUALA LUMPUR Bloomberg TESCO Pic, the largest UK supermarket chain, expects its Malaysian joint venture with Sime Darby Bhd to make a profit in four years. The two companies are investing RMI.2 billion (*****.8 million) to develop 15 superstores in Malaysia over
      Bloomberg  -  167 words
    • 422 13 KUALA LUMPUR USsl.4b of overdue loans to be turned into bonds today Bloomberg MALAYSIA will complete a plan to take over two rail companies and convert US$l.4 billion of their overdue loans into bonds today, in the nation's biggest corporate rescue, bankers involved in
      Bloomberg; FILE PHOTO  -  422 words
    • 605 14  -  Only a conviction will change cautions stance of investors: analysts From I Shoeb Kagda in Jakarta THE arrest of former President Suharto's youngest son on Wednesday could prove to be a critical milestone in burnishing the tarnished image of the Indonesian police both at
      AFP  -  605 words
    • 350 14 JAKARTA 49% of the former Salim group unit sold to brokerage Bloomberg INDONESIA'S bank rescue agency sold a television station formerly owned by the Salim Group, PT Indosiar Visual Mandiri, for 755 billion rupiah (Ssl33 million) as part of its effort to raise
      Bloomberg  -  350 words
    • 270 14 MANILA Bloomberg PHILIPPINE economic growth slowed by more than half in the third quarter as a shrinking US economy slashed exports of the country's electronic parts and other goods. GDP rose 0.7 per cent from the second quarter after a revised
      Bloomberg  -  270 words
    • 334 16 TAIPEI Sales up bat industry needs time for consolidation, say analysts AFP TAIWAN'S crucial semiconductor industry, dragged down by a global recession in the information technology sector, appears to have hit the bottom and is showing signs of recovery, analysts say. "It's very certain
      AFP  -  334 words
    • 332 16  -  From Harish Mehta in Bangkok VIETNAM is expected to boast the second-highest economic growth in East Asia, after China, this year, the World Bank said yesterday of the emerging tiger economy that can benefit from its similarities with China. Growth in Vietnam
      332 words
    • ASIA Notes
      • 80 16 Reuters [HONG KONG] Telecoms firm Pacific Century CyberWorks Ltd plans to sell 300 million to 500 million euros (SsB2s million) in bonds to repay part of its bank borrowings, the Hong Kong Economic Times reported yesterday, quoting unidentified sources. It added that Salomon Smith Barney
        Reuters  -  80 words
      • 114 16 Bloomberg [BEIJING] Morgan Stanley Dean Witter Co, Lehman Brothers Holdings Inc, Salomon Smith Barney Inc and two domestic investors bought US$l.3 billion of bad assets from a Chinese government agency set up to handle non-performing loans. The group was among seven bidders for US$l.9
        Bloomberg  -  114 words
      • 64 16 Bloomberg [MANILA] Hutchison Whampoa Ltd is seeking a partnership with the Philippines' SM Prime Holdings Inc to build 200 pharmaceutical and personal care stores, Trade Secretary Manuel Roxas said. Officials at Hutchison unit, AS Watson Co Ltd are in talks with SM group to complete negotiations
        Bloomberg  -  64 words
      • 36 16 AFX [HONG KONG] SCMP Group Ltd said it is selling its wholly owned unit SCMP Recreation Clubs Ltd to Aetna International Ltd for HKJ26 million (SS6.I million) in cash. —AFX
        AFX  -  36 words
  • Article, Illustration
    1192 13 Transaction date: Not' 29 DfTERBAJfg CROSS RATES c$ M hw nr H m Vaa Waa H »Bh>h HM S$8— 8r m l*t Nwrt US$ Aastrafia 0.825 4.320 0387 3.853 1.149 4.059 24.972 54.150 0i« 6.615 1978 1258 *****27.074 0.953 5.138 0-858 17.941 22.941 0365 0.521 Canada 1213 5239 0.712
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  • 1825 14 SICOM PDTOIBS Nov 29 ItMtt (Mm da*«« it 5J0pa) RSS1CONTRACT (S cwttAq) d<M VtfMM Open Mont* lg» U» Sett (hn) brterert Dec 01 90J50 50 Jan02 9L50 Fib 02 92.50 Mar 02 93.50 KS 3 CONTRACT (UScMts/kg) VMmm 0m Mowtfc Wvb Lw» Sett (la—f) Merest Dec 01 4125 900
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  • Page 15 Advertisements
    • 24 15 CONGRATULATIONS SINGTEL FOR ASIA'S LARGEST EVER CORPORATE BOND OFFERING, FOR SELLING US$2.3 BILLION WORTH OF BONDS, FOR BEING A LEADER IN THE CAPITAL MARKETS.
      24 words

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    • 1099 16 toll-free 1800 741 1W hull recraWsphxaa H IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF SCHROOERS CHINA HOLDINGS (PTE) LTD (ta Members' Voluntary Uqeidatioa) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company which is being wound up. are required on or before
      1,099 words
    • 1126 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND CELLIER SINGAPORE PRIVATE LIMITED (In Members' Voluntary Winding Up) Al an Kxlreordinary General Meeting of the Company held al 700 rue Jeans Jules Herbert ***** Al* les Bams. France on the 23rd November 2001, the following Special and Ordinary Resolutions
      1,126 words
    • 1206 16 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF GOLDEN HOPE NOMINEES PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF RCSCit irnon At an Extraonfnary General Meeting of the member* of GOLDEN HOPE NOMINEES PTE LTD duly held and convened at S Jalan Beear. *06-01 Singapore
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    • 1028 16 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF TECSTAR TECHNOLOGIES |S) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extroordmory General Meeting of ihe members of ihe abovenomed company duly convened ond held ot 5 Pereira Rood #0202 Aiiawide Industrial Building
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    • 822 16 Notices IN THE HIGH COURT Of THE BBHJtHC Of IIMr.APOflF Companies Winding Up No *****0 of 2001 in the Moitw of the Companies Act (Chapter 50) And In the Muttei of N99 EATING HOUSE PTE LTD (RC NO. *****61S7K) ADVERTISEMENT Of PfTTTION Notice is hereby given (hat o Mition for
      822 words
    • 399 16 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of MG LOGIC PTE LTD NOTICE Of CREDITORS' MEETING PURSUANT TO SECTION 2M Of THE COMPANIES ACT, CAP. SO NOTICE B HEREBY GIVEN toatpurauart to Sector 296 of toe Companies Act Cap SO, a meetog of toe
      399 words

  • WORLD news
    • 436 17 ATLANTA Oct retail spike only temporary; recent optimism seen moderating LAT—WP THE economy has continued to slow, with the manufacturing and travel sectors taking the fiercest hits, according to the latest snapshot from the Federal Reserve. Known as the "Beige Book", the
      LAT—WP  -  436 words
    • 455 18 WASHINGTON Aircraft, defence orders lead surge; data fuels hopes of economic revival AFX, Reuters Bloomberg ORDERS for costly US durable goods surged at the fastest rate on record in October, chiefly due to a jump in aircraft orders, the government said yesterday
      AFX,; Reuters; Bloomberg  -  455 words
    • 636 18 NEW YORK Both firms face hundreds of millions in possible losses Bloomberg NYT J P Morgan Chase Co and Citigroup Inc bet their reputations backing Enron Corp's sale to Dynegy Inc and the failed merger left the investment firms with black eyes and
      Bloomberg; NYT; AP  -  636 words
    • 368 18  -  BOJ refuses to act despite fears of more corporate collapses From Anthony Rowley tn lokyo JAPAN'S industrial output fell to its lowest level since the late 1980s in October, it was disclosed yesterday, signalling a continuing collapse of demand in the Japanese economy. Although the
      368 words
    • 243 18 LONDON Reuters FUND managers around the world are spending some of their hoarded cash on US stocks, citing growing conviction that the world's economic linchpin will fight its way to recovery in 2002. But investors turned tail from Japanese shares, citing growing
      Reuters  -  243 words
    • 474 19 WASHINGTON Republicans, Democrats differ on approach to stimulus package NYT THE Bush administration said on Wednesday that it expects the federal government to run budget deficits for at least the next three years, confirming that the recession and the costs of fighting terrorism
      NYT  -  474 words
    • 383 19 WASHINGTON Reuters A WARNING this week from a Federal Reserve governor that more rate cuts may be needed to get the re-cession-hit US economy back on track could take some fizz out of financial markets perhaps intentionally. Just when stock markets seemed to be
      Reuters  -  383 words
  • 5178 17 Transaction date: Nov 29 for more, go to vtmrn^xisujumenmarketsjcom HONG KONG Vel HO *t- MO AcrossAsia Multimedia 0.50 unch 0 Alpha General— 0.04 inch 3918 AmoyProp 8.15 0.05 3315 Ananda Wing On. 0.06 unch ***** Angara New Steel H. 0.99 unch 5788 Anhui Conch M 1.74 0.01 542
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  • Page 20 Advertisements
    • 203 20 I Our quest f or excellence I has found new depth I i tft n. i r;. I Introducing the Phoenix workclass ROV I Following fifteen months f>f intense design and With a depth rating of 3.000 metres. Phoenix 1 will OKM development, Metaiock (Singapore) Limited is pleased to undergo
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      2376 21  -  COVER STORY The condition which can either spur greater achievement or dent body and spirit may be a part of life but there are mainstream, alternative and complementary ways of dealing with it. parvathi nayar explores some of them PARVATHI NAYAR IT builds, and builds, and builds, so you
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    • BIZ WOMAN/PURSUITS
      • 1042 23  -  For Grammy-winning classical guitarist Sharon Isbin, being the only female among the world's top 20 guitarists is simply the result of deciding to be the best she could be."""" ui-hoom finds out more CHEAH UI-HOON ARE you ready for the million dollar question of the week? Which
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      • 489 23  -  Bu Corinne Kerk THERE are two "secrets" in Tanjong Pagar which are quickly being discovered mostly by the stressed-out and pamper-seeking business crowd in the vicinity. One is the revamped Amara Singapore, where rooms have been redesigned by Hirsch Bedner Associates, the interior designers of
        489 words
    • BOOKS
      • 978 24  -  The Consolations of Philosophy bids to recover for self-help books their old seriousness, says tam hwee hwee TAN HWEE HWEE POR most common folk philosophy is the kind of stuff that has the sleep-inducing properties of melatonin. Books espousing Schopenhauer's philosophy of pessimism and Nietzsche's übermensch
        978 words
    • CINEMA
      • 671 25  -  By Geoffrey Eu THERE'S big trouble in Monstropolis, where power is depleting rapidly and where workers at its biggest power company are frantically trying to pick up the procurement pace. The problem, though, is that power is obtained by harnessing children's screams, and kids these
        REUTERS  -  671 words
      • 1420 25  -  By Susan Tsang THE monster duo of Harry Potter and Monsters, Inc have chased the competition off most of the island's screens-half of the halls in your neighbrouhood cineplexes are devoted to either the fantasy world of wizards or that of monsters. Well, both films are watchable: Harry
        1,420 words
      • 101 25 Cathay Causeway Point *****88 Orchard 732 5874 Cathay Movie Line 235 1155 Eng Walt Empress *****67 Jubilee 454 1640 Suntec 836 9074 Sun Plaza 753 1047 Toa Payoh 251 1370 West Mall 898 9230 Qoiden Village 24-hr easy booking: 1900-912-1234 Bishan Boon Lay Eastpoint Grand Marina Plaza
        101 words
      • 642 25  -  The real-life mentor-protege relationship between Redford and Pitt is palpable in the film By\ Parvathi Nayar Espionage in the Cold War, spy vs spy, that whole cloak-and-dag-ger genre called the spy thriller. Surely it's a product of Cold War days, as old-school as Robert Redford's
        642 words
    • THE ARTS
      • 645 26  -  Get ready for Yuletide cheer as aarom lye unveils the lineup of performances AARON LYE CHRISTMAS comes but once a year, and like everyone else, the arts community plans to commemorate the Yuletide with a special blend of Christmas cheer—from the traditional play to wacky humour
        645 words
      • 537 26  -  II ■■■■■II li irompiiM oy Aaron Lye PERFORMANCES TIm Second 42 Theatre Festival Week Three The third week of Action Theatre's month-long festival featuring works by new and experienced artistes, playwrights and directors. Till Dec 2, Action Theatre, 42 Waterloo Street. Tickets available from TicketCharge. Spoil Produced by
        537 words
      • Article, Illustration
        607 26  -  By Cheah Ui-Hoon DANCE hardly ever looks so cool. Beautiful, graceful, technically accomplished, are adjectives commonly given to ballet performances and while they also apply to the Les Ballets Jazz de Montreal, the 10-member dance troupe's primary effect on the audience was to make jazz ballet look imminently
        607 words
    • EPICURE
      • 555 27  -  Soup it is not but Broth or Bar Restaurant On The Hill impresses GORDmB kerk with its cosiness and high standards CORINNE KERK OKAY, let's make this clear from the start. Broth, a new restaurant on Duxton Hill, is not: ♦A Chinese eatery listing 20 types
        555 words
      • 1113 27  -  WINE CONNOISSEUR By N K Yong □to Altare My first meeting with Elio Altare was in the autumn of 1998 his candour, honesty, passionate enthusiasm and unswerving belief in the way he was making his wines were extremely refreshing. Here was someone who was blazing a
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    • 192 22 Off the cuff column has been held over Iwan Sulistyo's Solo Exhibition HH Ceremony under the moonlight Oil on canvas (I4S x 145 cm) Nine Pondana Trees. 01^on canvas (100 x 100 cm) EB Indonesian artist Iwan Sulistyo, best known for his romantic, expressionist style in |H. rendering sceneiy. will
      192 words
    • 309 22 Dote: 5 December 2001 'Venue: Singapore International Convention Exhibition Center Time: 8.45 am 5.15pm Frost Sullivan is pleased to bring you this flagship Summit, featuring some of Asia's best technology analysts, who will come together provide a platform to explore exchange ideas on directions of the IT Telecommunications industry. This
      309 words

  • Page 23 Advertisements
    • 64 23 CARAN d ACHE OF SWITZERLAND S ECRIDOR COLLECTION M MAKE YOUR MARK Sole Distributor: SILVAROYAL PRIVATE LIMITED 27 LoyangWay Singapore *****8 Caran d Ache is available at MPH Stamford Road Parkway Parade JOHN LITTLE Specialist Centre (Level 3- TAKASHIMAYA (Level 3» TIMES NEWLINK Chang. An port TI &T2 Transit, speciality
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  • Page 24 Advertisements
    • 248 24 Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: $27.80 (Adult), 40% discount (Child under 1.2 metre) Dinner $28.80 (Adult), 40% discount (Child under 1.2 metre) i For reservations, please call 290 8005/299 9011. Prices subject to service charge 8. govt,
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    • 112 24 I kwoi^^^ M* GALLERY r I lihv( K'lH'nilionsnl 1 A|MTiiMHv W I ur I ;i«»l Shopping Cvnlrr I Singapore If.UUtKlf M v. liini'M* Works ill Vri I hroiighoul tin* \grs I'oltrrx St tilpiurv Hriin/c cr.miu lailc CPamadhan Nov 14 D«c 01 An Exceptional Offering the best of i Deep Fried
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    • 120 24 p I 1 Function Room avaflaUe for your I Dinner Dance < Baby's Full Moon 3j I Befict and Coffee Break I VCD, Karaoke, full sound system 9 I Maximum -100 pax S Minimum Seminar -15 pax 1 For enquiries, call us at 430 4119 jg S 218 Queen Street,
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  • Page 24 Miscellaneous
    • 206 24 CRYPTIC CROSSWORD cabinets (4) 27 Suffering stress Gran may Whitehall, perhaps? (8) 9 Copra, 10 Blueprint 12 Rotabreak the law (10) 9 Altruistic loafer? (4-3-7) lor, 13 Rente, 15 Traitor, 17 LJDOWN 15 Colour of African flower that beria, 19 Take off. 21 Swelled, 1 Member in what could be
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    • 50 25 c < -f m m MOVADO f^'l the ort of time I I i Mts 7 6 5 4 fl| P^^g> |bpw® »>• 11 Jf f <fc. l#Ri" Movodo Regional 4 Service Centre: to! 734.383<'u» 4 Available at Centrepoint lucky Plo/o -lice V-! 73' 4-48 Iru Honfl H M Tel
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    • 39 26 week pto/myanmar /< r ,ib a r Vr- y soak up Wfllf MMf A■* > hang out at peninsula plaza 111Vfl 1111 Ifl I > noodle slurping delights I IL* i I > funkV streetwear this weekend > win latest tatboy slim cd L
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    • 60 27 ;jflS %L Js® n j' Tvilii TkrftoSl —J"*"*"" to h to e J® _can crmwfo ouww -S3. ffe TMwta_on mKm Mm foUowinfl ytCh>y °>y Mrlm Bquf, Tmnjtn MM, Cwitury Iqwrs, Ainan tha IT MM, Orwt World City, *5 Juron Pwum tM ■hopptne Mrt, Mm KM, Mm* Mrtywid, WTUC Downtown last,
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  • Page 28 Advertisements
    • 1016 28 AN ADVERTISING FEATURE Mm iJML jtt l|| aK B|S_ 9B SB bk IB JW >ji£ a |Hg| H| IfE InHpF hH tapes ■W Wk §jl J® BE HW ggg f /aser discs? Panasonic's iip new B Bp iBBp VMV flf 111 .tfe recorder is the next i® m mm generation
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  • SHIPPING TIMES
    • 240 29 «M a \w CWT Distribution—0.52 -OOI 28 Chuan Hup 0J8 0.01 MSI Cosco tnvMtmcm -0-24 0.01 2371 F rotaf* Links 0.04 unctl 60 CS iTolOips .048 unci) 4 MClMUl MX— unctl 0 JayaHoMngt 0.16 -0.02 586 KappatCorp 2.69 -004 23T3 Kappa) FILS LS4 uncti 0 KippSlMortns 021 uncft
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    • 574 29  -  S'pore Cruise Centre celebrates decade of success with gala tonight By', Donald Urquhart [SINGAPORE] Singapore's rising status as an interna-tionally-recognised cruise hub will be given a boost next year when P&O Princess's brand new US$43O million superliner starts its inaugural
      FILE PHOTO  -  574 words
    • 133 29 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA), PSA Corp and its rival container terminal operator, Malaysia's Port of Tanjung Pelepas (PTP), each won top industry awards in Hong Kong this week. For the third consecutive year, PSA won the Best Container Terminal
      133 words
    • 179 29 AP [KUALA LUMPUR] Malaysia and Indonesia has begun a joint naval operation in the Malacca Straits aimed at combatting sea piracy. First Cmdr Abdul Aziz Jaafardul Aziz, the Royal Malaysian Navy's deputy armada commander, said on Wednesday two Malaysian frigates and two Indonesian frigates
      AP  -  179 words
    • SHIPPING news
      • 786 30  -  ADMIRALTY CASEBOOK By\ Selva Kumar A SHIP is not unseaworthy or an owner negligent merely because the owner does not anticipate that a crew member wiU behave negligently, according to a US appeals court. The case concerned a seaman who was injured
        786 words
      • 47 30 AFP [CALAIS] Picture shows the Rodin, the biggest ferry sailing on the channel from France to Britain. The Rodin, a 18& metre long ferry carrying 1,900 passengers, 120 trucks or 700 cars made its first commercial crossing for Seafrance ferry company yesterday. —AFP
        AFP  -  47 words
    • 235 30 PAGE Ahrenkiei 10 Appenst* 5 Avant 10 BtanqkUs 6 BSA 6 BSC 9 BTl 10 Bal# 4 Batammdo 9 CMACGM 3 COSCO 3 Central Ei 6 Chahaya 10 CfmStipq 5 Confer 10 Cougar 6 CWTGMwfink 6 Deimas 4 DjakUoyd 6 Dongnama 3 EP Carriers 10 ECl 4
      235 words
    • 14486 35 THEBUSINESSTIMES FRIDAY, NOVEMBER 30, 2001 EXPORT Page 7 ETA ETA Advertiser Vessel Voyage Telephone SIN Dtst'n Nam* Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvolr* 07/12 29/12 MOL MOL MONO 1004A 65 *****66 07/12 Tl/01 CMACGM NORASIA HAMBURG 148-06 65-*****00 10/12 04/01 Kim Hunq ACE CONTAINER AE105S
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    • SHIPS IN PORT
      • 559 39 Vtssa) Voy Ho Bfth Arrival Depart Jbn| M h*w* i *7 29/11/240 n/n/»i *003 joe »/n/3Jo 29/11/20 Bt Hcrmn* moi JOI 29/11/845 29/I1/I8S WwUr 123S01 J03 29/11/7J5 29/11/22 l«r»Q XttS5 *2 29/11/7:40 21/T1/14.1 Swnpurm S«f SsOUO J05 29/11/10:10 29/11/22: SOmon Ely 23/01 J03 29/11/930 29/1V23: H*r*p*« S1 J6ll2i
        559 words
      • 1812 39 RECEIVING Of EXPOm FCL CONTAINERS AMD LCL CARGO BooMne/Btlanco *stls Ship Voy Wo Etb/Btr Ported From To fro* ACX UUC 0321 1/15:00 21/1500 21/1459 24/1900 a n/troo 21/0459 nntoo n iimo 21/0414 ?WKx 3 29/0700 29/IB9 a/1400 4 29/B00 29/M59 29/1700 *a sucuu 0248 vmo i n/mo aran
        1,812 words
      • 137 39 November 30 Philippines: Bonifacio's Day Dtombwl Finland: Independence Day December 8 Argentina: Immaculate Conception Italy: Immaculate Conception Deoeanber 16 Brunei: Hari Raya Puasa Malaysia: Hari Raya Puasa Indonesia: Hari Raya Puasa December 17 Malaysia: Hari Raya Puasa Deoember 23 Japan: Emperor's Birthday December 28 US Kingdom: Christmas Day
        137 words
      • 803 39 THIS report compiled by Cockett Marine Oil Ltd. show* price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are baaed on averagesized stem Market movements are indicated Tbe Cockett Bunker Price index change and the individual
        803 words
      • 454 39 total tar 13 P»iottT Water IwMw mnn, se«—t w/in %m »im rm J£Z ISO/Omac limits Spec E25 991 10 15.0 0.10 80 0.10 Spec 635 991 10 M.Q Q.g qq Q.1Q Northern Europe 180 Ave 960.9 0.1 1U 0.04 24 0X12 180 Mu mi u i6.i
        454 words
    • AIR & LAND transport
      • 384 40 High fuel costs, weak b&ht behind net profit of only 1.92b b&ht AFP [BANGKOK] Thai Airways International has blamed the high cost of fuel and foreign exchange losses for a 59 per cent slump in earnings for the year to September. The flag carrier
        AFP  -  384 words
      • 158 40 Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's No 2 airline, reached an agreement with worker representatives to cut flight attendant work hours, and approach the German Labour Office for clearance yesterday, a spokesman said. "We've agreed on shorter working hours for cabin personnel," said Lufthansa spokesman Thomas
        Bloomberg  -  158 words
      • 213 40 Reuters [BRUSSELS] The demise of Belgian national airline Sabena could hurt the country's economy, slowing economic growth by 0.2 of a percentage point to 1.1 per cent this year, the economics ministry said on Wednesday. Sabena went bankrupt on Nov 7, becoming the country's
        Reuters  -  213 words
      • 400 40 Airline refuses to budge on 18-month wage freeze AP [CANBERRA] More than 600 maintenance workers at Australian flag carrier Qantas walked off the job yesterday over a proposed wage freeze. The Australian Workers Union (AWU) has been involved in two days of
        AP; AFP  -  400 words
      • LOG Book
        • 71 40 Reuters [TAIPEI] Taiwan's second largest carrier, EVA Airways, said yesterday it made sales ofNT$4.23 billion (*****.9 million) in October, down 9.25 per cent from the same month last year. That brought the carrier's accumulated sales in the January-October period to NT543.31 billion, a 4.05
          Reuters  -  71 words
        • 72 40 Bloomberg [BASEL, Switzerland] A Crossair AG plane landed safely in Zurich on Wednesday night after smoke entered the cockpit and part of the cabin, Europe's largest regional airline said. The caiTier said it did not know the cause of the smoke in the Embraer RJ 145
          Bloomberg  -  72 words
      • 240 40 AP [BEIJING] China's national airline, Air China, will provide US Customs with lists of passengers travelling to the United States to be screened for possible terrorists, a company spokesman said. Air China received a request for passenger lists from the US
        AP  -  240 words
      • 614 40 Using new engine* will not delay jet's planned 2007/2008 launch Reuters [HONG KONG] Aircraft maker Boeing Co said it is still on course to launch its new Sonic Cruiser despite a decision to use new engines rather than derivatives of existing powerplants. "The timeline
        Reuters; REUTERS  -  614 words
      • 1622 40 an might n* fucmt no U«MM IH9770 2230 W* kmtttrUm 0*975 WO W3I 2300 «U3T 1545 S036 2345 totawrtio *****4 0645 kuctitni U4286 2020 LH98M 2025 S0286 2020 «24 2025 S0628I 2025 ****** 2045 CH41 ono >W m/t*»4» m U50 IWhpM 8M21 1100 sow om SOW
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  • Page 29 Advertisements
    • 74 29 Therelsno freight market report today doe to pressure on space PSA. YOUR PARTNER TO SUCCESS. m s. M i*w- 1 I' f r.-~ 'g 9- m vW, v "f.-.. f I t> r > f\ -f] .;d r~n h j»r r i i 4>. v P. i I -T 4
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    • 16 29 Admiralty Casebook: Seaman's injury due to own negligence Pg2 Thai Airways' 9-month profit plunges 59% BackPg
      16 words

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    • 761 30 i. mmoariNATnHß i VBSB 1 ¥0T I WS I ETA SMI LOWS MAPI I MUAsj NOUSTOW 1 OHMWS I OfCAflO IKW TOM 1 1 TO AUBTWIJA (MJfTIIAMP AMA BWWJOj 00Qi*fM 55M 27/11 I 20/11 I IVI? 11/12 19/12 19/12 If/11 22/12 H CTTg VOT 1 nfi In* ta I —m
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    • 569 30 K L*** represented by ££&!k Member* of *»Regiilry of Member* of ihe Accredited Shipping Agents, Singopore logistics Stnggpore Aliodohon Association CONTAINERS/ CONVDfDONAL CARGO ran niMc/SMGAKH/jMuyru t UNOUX VOV ETAPKL ETTA SIN KTAMALfc Prteme lih MM 14.12 IVU ZZ/12 Ub VIM M*l «Vtl 11*1 UU MARINE SERVICES SINGAPORE PhMr SS4 he
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    • 1306 31 TO EUROPE FROM EUROPE rosa VOT MM RTM AMI HAM MV SOU jM VtSSB VOT «TM ANR HAW TV SOU l» SW HYUOAIAMKAI IMW 02/12 20/12 24/12 23/12 HYUNDAI NGMBS J33MO/11 12/11 14/1127/1101/12 HYIMM HSCOVBY 30SW 03/12 20/12 22/12 26/12 19/12 MOIMAAS S44f 13/11 IS/11 17/11 U/11 04/12 APIAGAJI 104W
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    • 1281 31 TO HUM l/lillim 1 pwaim 1 t/t tit Mm I y TUUfI T/T 111 Mil J costarTHIPPINC'PTI ITD SESBA ,M SSflft*, 1 «g®S umumai fsrsr ""J® m BBSS, jgg ggjj/jj JJ- 5« cotmimomi <Msioi/«» iji»»/n w-su»m ™i m. ""*m SSS»«b*, Z pimwu^moN WU 04/17 M/,J W ivifivii mm/m jvii M/ii
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    • 354 31 VtSSQ VOY SIN PUG VOY SIX HUG KB. DSN PUS IWC VSSa VOY SIM JKT S^jl arcmu* nts m/ 12 <x/i? nw os/i? w/ii n/» iyit iyit ~fs fiflii wrvuawsroi 102s 10/12 n/i2 22/12 n/n n/11 gggpil 11 mwoats m wi? ot/i? lffwng !!dl J322 ]i2I utcuum _ius_ oyi? u/i?
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    • 591 32 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO COLOMBO NNAVA SHEVA (CFS MUUJNO MUMBM) ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vbsniimm Ivor nm [Mt»«|cou—o| en—t |m—cimT ya«* wnunon toumuu mini jok iidk mok momki r-nrrr uim« m am 10 OK lIDK 71DK MDMNEI 10 (HI UK vmvim) no HUHiMUKSS
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    • 1455 33 IRISL your GLOBAL PARTNER AGENT IN SINGAPORE AGENT M MALAYSIA AGENT IN INDONESIA SMOSE MARfTME PTE UD CR N0 **********0H BOUSTEAD SUPPING AGENCCS SON. BHD. PT. SINOSE CONTI PERSAOA TEL: *****44 FAX: *****81 KL TEL: 03-*****300 FAX: 03-*****682 TEL: 62-21-*****33 WSL REP: OWECT TEL: *****38 PEN TEL 04-*****15 FAX: 04-*****07
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    • 1084 33 HOUMOUS/ SMAWam/ IMMK/ QBOSOAO WmOL/WJ* Ik P—T/UM a**M JSSSa m Mi HK I SNA IGG I IAO VPSa VOT Is» I M 1 Iff lqT" jmum —LM2 11/1? 11/12 21/12 wu mm mil m/i? 01/12 m 17/1? 22/1? ?S/1? 21/12 ||/|i mraymp- X* 05/1? 01/) 2 07/1? "ttW was 24/12
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    • 127 39 NOV 2001 IK ssa -Eoeso Issued by Meteorological S^ K Thunderstorm Showers /C\ ,n Temperature Wind <jj roct j on n |< no ts Cloudy Day Weather Ex? Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j Sll 9 ht
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