The Business Times, 3 January 2002

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Total Pages: 24
1 24 The Business Times
  • 12 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Qrtome^Ttti^/busines^l^ SINGAPORE THURSDAY. JANUARY 3, 2002
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  • 72 1 □m yum (+2.09) MM OBJ4 (+1.85) ST DTOBX PDTDIES M 3&00 (+2.00) SDE9CI FUTURES 2Q3JO (+2.90) STOCIMASXET INDICES Wednesday Change KLSEOOMP ***** -1126 NIKKEI 226 Ckwed HANG SENG _llft086 -ML* SET INDEX 30&19 +1J4 JAKARTA COMP _J8146_-&58 MANILA COMP .1,***** +L4» TAIPEI WPI *600.06 +48L81 SEOUL COMP 724ft
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  • 74 1 FOBEX BATES USt S) USS (SS per CSS) 1£M £(US&*S per 2) 1.4*1 1688 EUBO(USS/SS/E). 18M 1.966 DM 1188 1.181 YEN U1J 7LOO KM 1800 10ft HKS 7.798 4112 BAHT 4410 2187 RUPIAH 10,441 6341 FUME BATES SINGAPORE* Sit KUALA LUMPUR 6.40 HONG KONG 5.126 JAKARTA MOO TAIPEI 6.79
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  • 777 1  -  But MAS narrows undisclosed trading band By Larry Wee [SINGAPORE] The Monetary Authority of Singapore said yesterday it will maintain its current policy of a "zero per cent appreciation path" for the Singapore dollar's trade-weighted value, but this will be centred on
    Source:  -  777 words
  • 647 1  -  Actual drop could be steeper after factoring in developers' Nov/Dec price cuts: USA Byi Andrea Tan [SINGAPORE] Private home prices dipped a further 2.9 per cent in the final quarter of 2001, bringing the full-year fall to 10.5 per cent, latest official
    Source: URA/HDB  -  647 words
  • 364 1  -  Group's holding* top 46% after deals with DBS, Intraco By, David Boey (SINGAPORE] In what will be the first corporate takeover of the New Year, PSA Logistics, a wholly-owned subsidiary of PSA Corp, is to make an all-cash
    364 words
  • 379 1 [WASHINGTON] An index measuring US manufacturing rose in December for the second straight month, reflecting increases in production and new orders, a sign the worst of the 17month slump may be over. The manufacturing index of the Institute for Supply Management, formerly known as National
    379 words
  • Page 1 Advertisements
    • 84 1 DnSBPMB Executive Suite Few collective sales expected this year. Pg 12 Top Stories Singapore's goods industries shrink 9.3%, but services do better. Pg 2 Argentina's new president to end US dollar peg. Pg9 DTZ cuts staff pay again, starts fiveday week. Pg 8 Ibra faces probe over sale of stake
      84 words
    • 49 1 Competitive pricing/or coming property launches, Pg 5 Short-term prupwtj outlook still murky, Pg 12 Kenneth James: Riding on the telecom-petition MU4 j. mSk I M fe--* I R Sfranfthy: Where have all the retail investors gone? ■PAGE 3 Senior executives named for Economic Review Committee's 7 sub-committees pagf 2
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    • 58 1 MAS sees inflation of -1%t00%,Pg5 B V LG A R I M I \|i' I i > j j .> *"IQK/,J3|fc>--*a. /"XgMIBF ~N. 4 4 1 c /> r/«; a i i H i /ifn r i hrn n 'i m ai < li s; t|>•• r I I !1•
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  • NEXT page
    • 559 2  -  Economists predict slow recovery, with growth remaining negative in Q1 By] Eagene Low [SINGAPORE] The output of goods-producing industries in Singapore fell 9.3 per cent in 2001, pulled down by a 16.2 per cent fourth-quarter contraction, according to advance estimates released yesterday
      559 words
    • 65 2 IN our ranking of Singapore's listed companies by market capitalisation published on Jan 1, the positions of Raffles Holdings and Raffles Medical were transposed. Raffles Holdings, with a market cap of $873.6 million on Dec 31, 2001, should have been ranked 45th. Raffles Medical, with a market cap of
      65 words
    • 368 2  -  It is seeking to appoint receiver manager toclnb Byl Serena Ng [SINGAPORE] OCBC Bank, the Pinetree Town and Country Club's main creditor, has succeeded in removing the interim judicial managers that the club appointed just a fortnight ago. Sources told BT yesterday
      368 words
    • 453 2 Senior execs to be in sob-committees in review of economic strategy [SINGAPORE] More than 80 senior executives, mostly from the private sector, have been roped in for the Economic Review Committee's seven sub-committees. The Prime Minister's Office yesterday named the people
      453 words
    • 362 2 DPMLee re-appointed rjiairnun [SINGAPORE] SolicitorGeneral Chan Seng Onn has joined the board of the Monetary Authority of Singapore. And Attorney-General Chan Sek Keong will step down from the board on Jan 18, MAS announced yesterday. It also said Deputy Prime Minister and
      362 words
  • Page 2 Advertisements
    • 53 2 i wm u m oaom I V j2t|k I i L *2dUa Mm I Oasis Sea View Jurong Pasir Panjang .50 Stadium Boulevard 26 Ambw ooje#ol-00, 19 Yung Ho Rood 27 Wfat Coast Highway #01-01 OasußuiUng SeoVwwHotol 5(*****2) 101-18, YESSCwHre 5(*****6) W: 440 2292 $(*****4) W 440 8251 *±*****85 $(*****7)
      53 words

  • SINGAPORE companies
    • 311 3  -  Provisions will cat EPS by 32.66 cents By' Vince Chong SESDAQ-listed Presscrete Holdings says its loss attributable to the operations of troubled subsidiary Ceramic Technologies (CT) in the year to Nov 30, 2001 will be $30 million. In a statement to the Singapore
      311 words
    • 376 3  -  By Conrad Raj PASSENGER load factor one of the key indicators of an airline's performance continued to decline at Singapore Airlines in November, despite a cut in capacity. SIA filled just 66.9 per cent of its seats that month 9.1 per cent down
      376 words
    • COMPANY Briefs
      • 86 3 THE New Year has begun on a good note for SMOE, the oil and gas division of SembCorp Utilities. Its parent SembCorp Industries announced yesterday that SMOE was recently awarded a $150 million contract to build an offshore oil-production platform and bridge-linked living quarters for
        86 words
      • 54 3 MAI NBOARD-LISTED contractor Poh Lian Holdings said yesterday its Poh Lian Construction unit will build two housing projects in deals worth $124.38 million. Poh Lian said the deals are expected to have a positive impact on the earnings per share for the financial
        54 words
      • 50 3 SESDAQ-LISTED NH Ceramics said yesterday that it expects to "bounce back to profitability for the first half of FY 2002 ended Dec 31,2001". A statement outlining initial operating results said first-half turnover rose 24.2 per cent to $16.4 million as market share increased.
        50 words
      • 57 3 Dow Jones Newswires CONTACT lens products maker Oculus expects to report a net loss for the financial year ended Dec 31 because the global economic slowdown hurt earnings in the second half. It said an expected second half loss will lead to a loss
        Dow Jones Newswires  -  57 words
    • 605 3  -  4Q€Klf.'-'l!' Ml r sivanithy THE tragic events of Sept 11 not only changed the way people view the world but also the way they invest. For instance, "buy-and-hold" is seen as an unsound strategy these days. Instead, many advisers recommend short-term punts the antithesis
      605 words
  • Page 3 Advertisements
    • 280 3 www.mi.com.tg Everywhere under the sun. A I jSwi '^H^^^Jb|H^HH| KiiH^Hl' awr B HraK Vl^^H Wm mmsma^^^^m P Ji r^^ 1 LI Wi .as—ni i .-J El iffii W'-' j 111 m 2&£&£ tt ij&^lßll^F"'' Ml introduces Sunrisers. an exclusive programme dedicated to bringing the royal treatment to a select few.
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  • MARKET currencies
    • Article, Illustration
      319 4 OTHER SINGAPORE INDICES Jan 2 VALUE CLOSE ■TOMOS 263.00 +61.00 ST CAM -*****.00 +115.00 -*****.00 +26.00 IWriOii 428.39 +2.06 »Dill 135.81 +3.69 Mlplllfti 1382.67 +0.57 SQrpMnhu 440.08 +3.84 202.17 +0.73 VMSar*mm 203.10 +2.90 Stocks jjjjgg ChinaAvOil 5c 33,980,000 TianjinZhong 26.553,000 Penton 12c 22,948,000 Fu Yu Mfg 10c 20,071,000 Surface MT
      319 words
    • 258 4  -  BOT STOCK/ WARRANT By Ven Sreenivasan THE stock of recently-listed China Aviation Oil (CAO) has been flying high. It headed the volume list again yesterday, closing a cent better off at 64.5 cents. The counter, which listed early last month at
      258 words
    • 734 4  -  JKHJLdLJXIaJkAiAUJ STOCKS r. sivanithy THE local stock market kicked off 2002 by picking up where it left off last year with frenzied activity in China plays and selected demand for tech stocks. And in the afternoon, the energy spread to the penny segment and recent IPOs,
      734 words
    • 1073 4 This is bad news for US investors as it will erode their returns from overseas investments NYT [NEW YORK] Another year of wondering if the beleaguered euro will finally rally against the dollar. And yes, another year of wondering where the
      NYT  -  1,073 words
  • 2903 4 UNIT TRUSTS FUNDS CitiBond S'pore A/S 1 192/ CitiBond S'pore B/S 1.21V Oti Money Sing Dollar Class B 1 0352/ AIM Amto Aaset Mgt (S'pore) OH Parvf urope Equity Fund 11V Star Europe Eqty'« 0*3* OtiSatact Mil Tilt Balanced 1.28/ Star Europe Bd 0-98V GtiSelect Asia Tilt Growth 12*1 Star
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  • SINGAPORE news
    • 344 5  -  BTiamiUlVJ Measures needed to ensure continued survival: CEO By' Vince Chong PROPERTY firm DTZ Debenham Tie Leung (SEA) said yesterday that it has yet again cut the pay of staff and directors and introduced a fiveday week in a bid to ride
      344 words
    • NEWS Roundup
      • 132 5 AS part of the restructuring of the country's energy market, Singapore Power has divested City Gas—its gas production and retail business—to Temasek Holdings. City Gas, formerly a subsidiary of Singapore Power unit Power Gas, said piped-gas tariffs and supply would not be affected by the
        132 words
      • 135 5 THE maximum assumed annual interest rate on the benefit illustrations of participating life insurance policies will be lowered to 5.25 per cent from Mar 1, from 6 per cent now, the Life Insurance Association (LIA) said yesterday. The rate is reduced because the investment yield
        135 words
    • 254 5  -  Reductions covering 240 destinations will help customers in hard times: 6M By David Boey STARHUB has fired the first shot this year in the hotly-contested international direct dial (IDD) market with rate cuts which it claims offer the "best IDD deal in
      254 words
    • 145 5 JTC Corporation has released eight industrial land sites under its open application scheme totaUing 9 ha for the third/fourth quarter of financial year 2001. This brings total land released under the scheme, which includes short-ten-ure land launched for the first time, to 32.4 ha
      145 words
    • 419 5  -  Units range from mid-price to high-end By' Vince Chong LISTED United Industrial Corporation (UIC) will be among the first to kick off new year property releases by soft launching its freehold Belleforte project this Saturday, priced at an average of $620 psf. Sources said
      419 words
    • 281 5 C*< 3 on the economy inflation EVEN if economic activity picks up in the second half of the year, price pressures will probably remain muted, with inflation expected to range between minus one per cent and zero per cent for 2002, says the
      281 words
  • Page 5 Advertisements
    • 262 5 w >y JJ^MH your career How I < 01 about putting in much j" 1 more? Take up an MBA < 4*l I |Hh/ programme, offered by the prestigious 1 I University of Nottingham and see your "market value" move up a few T/ notches. For these highly regarded >i
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    • 160 5 b"! KvT?iMr7JiTSm7iTfr JTC OPEN LAND APPLICATION ESTATE USAGE NO. OF SIZE PLOT CODE SITES (sqm) Woodlands East Industrial Park General Industry 1 9,007 WE 1299 Food Industry 1 5,986 WE 1898 Toh Tuck Industrial Park Warehousing 1 17,243 TT 3701 Loyang Industrial Park General Industry 1 5,410 LY 3898 Jurong
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  • EDITORIAL & opinion
    • 807 6  -  JQJEH|H M^HTTTTIrffT^ OPINION thomas friedman The writer is a New York Times columnist ALL hail to President Bush for how he has conducted the war against Osama bin Laden. Bush has emerged a far better commander-in-chief than anyone predicted In the war on terrorism,
      807 words
    • 75 6 'I don't think any country looks at the SAARC summits from a superstitious point of view. But the bad luck befalling many leaders must make an interesting study.' an Asian diplomat, on the 'curse of the summits' The old economic model pushed two million citizens into poverty,
      75 words
    • 569 6 EDITORIAL THERE can be little doubt about what will dominate the summit of leaders of South Asian countries, which gets underway in Kathmandu, Nepal, tomorrow. It will be the issue of Pakistan-India relations, which are still dangerously poised The summit of the South Asian Association
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    • 1636 6  -  While Wall Street isn't blameless, one must resist the temptation to make it the scapegoat for the bursting of the New Economy bubble By\ Sandeep Gopalan The writer has worked as an investment banker on Wall Street and in London. He is now
      AFP  -  1,636 words
    • 540 6  -  COMMENTARY By\ Daniel Altman NYT HAVING stopped payments on its public debt of US$l32 billion, Argentina sits mired in a massive crisis of economic confidence. There is no easy way out in the short term. But to help long-term stability, the country might start
      NYT  -  540 words

  • REGIONAL news
    • 615 7  -  Other investors effectively shot out in sale to S&lim family: sources From 1 Shoeb Kagda in Jakarta INDONESIA'S already fragile asset sales programme could receive another body blow as evidence has emerged that the powerful Indonesian Bank Restructuring Agency (Ibra) manipulated
      615 words
    • 377 7 Former chief Chan Chin Cheung seeks return to boards Reuters THE former chief of Malaysia's Multi-Purpose Holdings Bhd (MPHB), which controls cash-rich lottery operator Magnum, vowed yesterday to return to manage the firms, threatening a tussle for management control. Chan Chin Cheung,
      Reuters  -  377 words
    • NOTE Book
      • 73 7 AFP, Reuters [KUALA LUMPUR] Prime Minister Mahathir Mohamad has appointed his economic adviser Nor Mohamed Yackop to speed up a revamp of ailing Malaysia Airlines, a senior company official said yesterday. The official said Mr Not Mohamed was not on the board of
        AFP,; Reuters  -  73 words
      • 60 7 AFP [KUALA LUMPUR] Malaysia's highest court has set Jan 14 to hear an appeal by jailed ex-deputy premier Anwar Ibrahim against his conviction for corruption, his lawyer said yesterday. The federal court had set Nov 12 for the hearing but postponed it due
        AFP  -  60 words
      • 77 7 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd agreed to cut the price of a stake it's selling in a power plant by a third. The company said it will sell the 40 per cent stake in Malaysia's biggest power plant for RM1.68 billion (SsBlB million).
        Bloomberg  -  77 words
      • 58 7 AP [KUALA LUMPUR] Officials set Jan 19 for a Malaysian state by-election that is expected to underscore the dominance of Prime Minister Mahathir Mohamad's government. The ruling National Front coalition hopes to retain the northern Perils state assembly seat of Indera Kayangan by an
        AP  -  58 words
      • 61 7 Bloomberg [HONG KONG] Chinese companies raising capital for expansion may swell initial share sales in Hong Kong to HKIIOO billion (5523.7 billion), Arthur Andersen Co said. That would represent a sharp rise from 2001, when HK125.4 billion was raised in share sales—an eighth of
        Bloomberg  -  61 words
    • 254 7 KUALA LUMPUR He wants someone who can either take over or assist him AFX PRIME Minister Mahathir Mohamad, who also holds the finance minister's portfolio, said he is still looking for a suitable candidate to take over as finance minister or to
      AFX  -  254 words
    • 440 7  -  Speculation includes merger with Bnmiputra Commerce Bank From. Diana Oon Abdullah in Kuala Lumpur HOPES of a favourable end to a merger delayed for over a year lifted shares of banking group Rashid Hussain Berhad yesterday and three of the listed group's
      440 words
    • 227 7 JAKARTA AFP THE youngest son of former Indonesian president Suharto tried to buy a presidential pardon for almost US$2 million to escape charges of corruption, his lawyer said yesterday. Lawyer Elza Syarief admitted that Hutomo Tommy Mandala Putra had handed over 20 billion
      AFP  -  227 words
    • 423 8 SINGAPORE Investment banks underwrite USslsb of equity offers in 2001, down 57% Bloomberg MERRILL Lynch Co was the leading arranger of share sales in 2001 in Asia outside Japan and Australia, as slumping markets and shrinking economies combined to halve volumes.
      Bloomberg  -  423 words
    • 473 8 HONGKONG expansion will boost values Morgan Stanley Reuters ASIA is poised to enter the realm of jumbo merger and acquisition (M&A) deals, with domestic consolidation and regional expansion ramping up the average value of transactions, investment bank Morgan Stanley said on Tuesday. "What
      Reuters  -  473 words
  • Article, Illustration
    1151 7 Transaction date: Jan 2 O i— >» ■> mmmmim rm 9m m pwh Hm U mm wi imnrn* m MtnAa OJM 4244 0J72 3.752 Ul» 19M 24JM 514M 1473 1731 LM3 *****0.773 24.442 0.M7 4245 0J47 17.9W22J04 QJ52 0*1 CM* 1229 52M 0.703 14B L374 4.900 ***** ***** 0J24
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  • Page 7 Advertisements
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      157 words

  • 1723 8 S1C0M FUTURES Jan 2 RUBBER (Mm closing a at 5 JOpa) RSS 1 CONTRACTS certs/l« dost Mm 0PM Moot* Mfh Low Sftt (to—«) Iwtomt Feb 02 9625 tar 02 96.50 Apr 02 97.75 •toy 02 98.25 RSS 3 CONTRACT (US cMfefe) Votane OfM •tontt H» Ui S»tt (to—») Wtomt
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  • Page 8 Advertisements
    • 670 8 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF ASIAN LOGISTIC SERVICES PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS VOLUNTARY WINDING-UP i pursuant to Section 290) At an extraordinary general meeting of the members of the above-named Company, duly convened and held at 190
      670 words
    • 960 8 In the matter of THE COMPANIES ACT. CAP. 50 and In the matter of SINGAPORE CREDIT (PRIVATE) LIMITED (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting ol the Members of Vie Company duly convened and held al 16 Raffles Quay. #01-05 Hong Leong Building Sngapore
      960 words
    • 201 8 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND W THE MATTER Of OWN SPORTS MANAGEMENT PTC LTD (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Sacton 308 of (he Comparing Ad. Chapter 50 thai tie Fnaf Meeting of the Members of the
      201 words

  • 4869 9 k Transaction date: Jan 2, for more, go to wuwxisiaonenrnarketsMMi HONG KONG ICG Ma. 0.56 0.06 ***** Val Interch.na Hldgs 0.86 -0.01 1100 *0 W- Interform Ceramics 0.02 unch ***** Intl Bank of Asia 1.91 0.02 266 AcrostAsu Multimedia .033 -0.02 16 .Regent Gnx*) U17 -0.01 110 Alpha
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  • Page 9 Advertisements
    • 758 9 r VOLUNTARY CONDITIONAL CASH OFFER by QoCßCßank OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in Singapore) for and on behalf of NORFORD INVESTMENTS PTE LTD (Incorporated in Singapore) a wholly-owned subsidiary of fa FRASER AND NEAVE LIMITED (Incorporated in Singapore) to acquire all the ordinary shares of $0.50 each in <§> CENTREPOINT
      758 words

  • WORLD news
    • 554 10 BUENOS AIRES He also says he won't pay USsl32b govt debt; 40% peso devaluation likely Bloomberg EDUARDO Duhalde, Argentina's fifth president in two weeks, said his appointment is the end of the country's fixed exchange rate with the US dollar. This implied
      Bloomberg; AFP  -  554 words
    • 685 10  -  It's op against US$ and yen; eorozone sees few snags From, Neil Behrman in London THE euro proved its mettle in the first trading day following Europe's historic note and coin conversion. It rose one cent to just above 90 cents, an eight-day
      AP  -  685 words
    • 321 10 HOUSTON Bloomberg ENRON Corp chairman Kenneth Lay and former chief executive Jeffrey Skilling were directly involved in creating partnerships that led to the collapse of the energy trading company in the biggest-ever US bankruptcy case, the Wall Street Journal reported. At
      Bloomberg  -  321 words
    • 255 10 SANJOSE Reuters GLOBAL semiconductor sales rose in November, offering a glimmer of hope for the chip industry as it struggles through its worst-ever decline, the Semiconductor Industry Association (SLA) said yesterday. The November sales were US$lO.6O billion, up 1.6 per cent from U5510.44
      Reuters  -  255 words
    • 535 11 NEW YORK Bondholders expect US economy to recover this year NYT AFTER a year filled with failures in the high-yield debt market, junk bonds are expected to live up to their name again in 2002. With the economy weak and many
      NYT  -  535 words
  • 2325 10 Transaction date: Jan 2 KUALA LUMPUR in 002 4 Val Fraser 6 Neave 3.56 -002 15 M W- rooo) fSBM -256 -002 1 FW Industries 1.04 0 03 120 AftMReafty 330 unch 21 G adang 1.25 -003 4 Abric 332 0.07 211 Gamuda 4.48 -0.04 505 A& Industrie 2.80
    2,325 words
  • 733 10 Transaction date: Jan 2 a—I m q— a—. r*L„, aw 0415 *oom CeptoUnd IS 1510 ♦0-0*0 OCK I (7 M 100 *0100 OwtSwjjCond JOB 5450 *0150 Out Mi <300 0100 ®> 0** Wt 2-34 9450 Mm H 2Sc 040 0-970 *0 010 £»*»T25C 00 ISJOD *OJOO w7 i£ tSS
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  • 665 10 BONDS WARRANTS I* Um *oE E 3tf2 Cl f Wl» *m- rwmi Ma UK AST1VW)***** 18 1 W 159 29 toiwUdWMIIW is 180 1 SO 463 2.71 34 Afrtck\MK0SM) 31 mch ISO 1 33 7 194 41 VmRrong W*****0 4 1 10 56 2J5 28 AiiaFoodP WQ***** AS inch 3
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  • 5612 11 Transaction date: Jan 2 for live prices, log on to wuwasiaonemarketsjcorr O* i5« o* IMQm* GfOkr W» GrYM Nat mem WUmf W» U» Cifi»i| Mi W- f1> M# U» -y Sa— Cw HI $3 »5 9 6 ABNAmroNLG 56c 9 34 13s 39.5 45 c ACE Dynamks20c 13
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  • 43 11 Grfft, Oh, fttw MM MC* Mn "r g«"eg rmm w u» c» m >a *g 11M0 BIO s tanont US9900 9020 M90 *30 i ISDJUSTwh US54C0 555 440 s ISMJOSpor* UV450 1MJ0 «70 s I55V500 US***** ***** 9950 s SfWB US117S0
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  • 1492 11 Ji* Crtto M> firtw MM MCaa Mtog !g "i <* rmm u» mow cv m >3 hH It *J. 40 W 5 1* 16 47 309 15 405 12 CAP OH Sc 17 -as 10 17 17 17 175 4.4 (45 ,7 168 275 C AS Auto 10c
    1,492 words
  • 396 11 IM* Lact \M Cay LMOhU Gr«v Mv GrYW MM MCh Wtj* U» C»ft LSa*« W- "866 M0I I—« >fr 5a«ar Cw Ht sJ UO a AVJcmngiA2ScA. *3 S3 -40 34 12 4.8 1716 Cathay Pac 20c MIC. 720 265 2.1 7 4 6 *****2 ChMig KongSOc HK 1780
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  • Page 11 Miscellaneous
    • 271 11 CRYPTIC CROSSWORD 1 Girl's firm provides enter- 4 Preserved meat makes sail- or grumble (4, 4) 9 Announce that one is no t:—^^^^ longer an amateur? (8) I I I 1 I 11 Is run out after batting had Elaborate neatness I find ■HjHHHHH hardly sensible (9) j push an
      271 words

  • EXECUTIVE suite
    • 985 12  -  Byi Amy Khor The writer is Knight Frank's investment sales director THE beleaguered residential market seems to be stirring with strong sales recorded for recently launched projects. Most of the action is confined to new launches of low-end 99-year suburban leasehold condominiums with average prices
      Source: URA  -  985 words
    • 1058 12  -  Land values too low to attract home owners to sell to developers Reports by Kalpana Rashiwala COLLECTIVE sales are not expected to provide a major source of freehold landbank replenishment for developers this year as land values will still be too low to entice
      1,058 words
    • 418 12 But for this year, state will release sites only under certain conditions THE biggest buyers of residential land in 2001 Far East Organization, City Developments and Centrepoint Properties did so almost entirely at state tenders for 99-year lease- hold sites, before the government suspended
      418 words
  • Page 12 Advertisements
    • 112 12 For Lease AIA Tampines Prime office space opposite Tampines Bus Interchange Proximity to Tampines MRT station 18,000 sf per fir with raised floors provided Prime retail space of 1,200 sf and 3,100 sf with good street frontage Occupation in March 2002 Attractive rents Debenham J Tie Leung m wnwi PRIME
      112 words
    • 61 12 118 PIONEER ROAD ft Ml k hh fli HQ Description A high-valued 4-storey detached factory with a mezzanine fit basement level «r r* < Tenure 30+30 y ears wef ISt (an 1996 Land Area 19,096.0 sqm Floor Area 39,656.83 sqm for details, contact Sole Marketing Agent Irene Kan 228 6896
      61 words

  • Page 13 Advertisements
    • 155 13 Where to wine, dine and entertain... I t(o)aaf SSsatSftSS A Nightly Steaay Affair Sichuan Steamboat Have a craving for the hot stuff? Dine on our sumptuous steamboat alfresco style with a choice of either Sichuan, Chicken or Tom Yam stock. Stock charge is priced at $10 while all items are
      155 words
    • 60 13 Enjoy the romonce of dining under the stars every Friday, Saturday Sunday, when Marina Bistro transforms into Fishermen's Wharf Indulge in your choice of seafood grilled to perfection, with a selection of pastas and more, wilh free flow of refreshing Calamansi juice, to complete the meal Only $28 00 per
      60 words
    • 59 13 "Fantastic value! I can enjoy salads, k* cream, local desserts ice kaoong and tau suan, On ordv of any local or wwfem delght from $6.90. At prices++♦ Mon-fri: Lunch from Tl.3oam onwards Foe innervations, ptoosQ Mc 0.381 2138, Windsor 401 MscPkrnon Road, Singapore *****5 Tel 343 OOM Fax: 343 0033
      59 words
    • 9 13 ®l 4MUpparEaatCaaMllMtf I Spring Court ihfc 449 5030* H^^VMdacw
      9 words
    • 47 13 BUFFET DINING AT ITS BEST Fresh oysters, detectable lobsters, savoury honey-gjazed ham, US Prime RB> of Beef and many more mouth-watering radishes to leave you spoilt for < choice. 5 Reservations: 831 6271/88 JL Maatlariit Suufaparr 333 Orchard Road. Singapore *****7. "VViiTT Tel: 737 4411 Fax: 831 6274
      47 words
  • BIZIT
    • 478 13 Move sparks surge in memory chipmakers' shares in the hope of a possible sector rebound Reuters [SEOUL] South Korea's Hynix Semiconductor Inc announced a 30 per cent hike in contract chip prices yesterday, sparking a surge in memory chipmakers' shares by signalling a
      Reuters  -  478 words
    • 443 13 It plans to shut down London production facility with 400 layoffs Bloomberg [HONG KONG] Pacific Century CyberWorks Ltd, once Asia's biggest Internet company, moved to cut costs at its money-losing Internet television unit, Network of the World, and obtain programmes for distribution
      Bloomberg  -  443 words
    • 190 13 Bloomberg (HONG KONG] The number of cellular phone users in Asia will increase by a fifth to more than 370 million this year as demand recovers in the second half, market researcher International Data Corp said. Asia's telecommunications services market
      Bloomberg; REUTERS  -  190 words
    • 583 13 Internet giant seeking mere opportunities in bid to make money Reuters [NEW YORK] Since its inception in 1994 as "Jerry's Guide to the World Wide Web", Yahoo has made a name for itself, and attracted millions of Internet users all over the world, with a
      Reuters; FILE PHOTO  -  583 words
    • 264 13 Dow Jones Newswires [WASHINGTON] A US federal judge is expected to rule soon on Microsoft Corp's request for a fourmonth delay of hearings on the proposed remedies of its antitrust case. The decision facing US District Judge Colleen Kol-lar-Kotelly is seen as
      Dow Jones Newswires  -  264 words
    • 673 14  -  INFOTECH Telecom services will lead the 2002 tech rebound if telcos dont blow it kenneth james The writer is BT's Technology Editor INTERNATIONAL Data Corp (IDC) has looked into its Asia-Pacific crystal ball and a relief for the punch-drunk regional tech industry, surely—it's mostly good news.
      673 words
    • 631 14  -  By\ Paul Chan FOR some time now, Microsoft Corp's flagship operating system (OS), Windows, has been subject to rising competition, while the company is the target of one of the biggest anti-trust cases in the US. Yet, the 26-year-old software pioneer ended 2001
      Source: Bloomberg  -  631 words

  • Page 14 Advertisements
    • 340 14 tn highly competitive Net economy, it has become priority for financial institutions to strengthen customer relationships through the use of technology. Exploring new avenues of EL service delivery such as Internet-based banking applications and electronic trading has led many to employ Sun's best-of-breed, end-to-end solutions, enabling unprecedented convenience for customers
      340 words
    • 9 14 RnUagon delay in Microsoft hearings expected soon, Pg 13
      9 words

  • SHIPPING TIMES
    • 595 15  -  USs6l6m project also involves building China's first LNG terminal By] Donald Urquhart [SINGAPORE] China has invited proposals from foreign shipping and shipbuilding Arms in the carriage of liquefied natural gas (LNG) as it moves ahead with the first phase of its
      FILE PHOTO  -  595 words
    • 252 15 Jmi «♦/->« CWT Distribution—057 0.04 124 Cosco Investment—0-25 0.02 3707 Freight Links 0.05 -0.01 44 OBHoMngi 0.47 0.01 S IMC HoMnv-HK 5.60 unch 0 Jaya Holdings 0.17 0.01 100 Keppel Corp 2.83 -0.01 420 KeppalFtLS 1.54 unch 0 Keppel Marin* 0-21 unch 399 Kappal7e<* L09 uncft S4 Lsferoy
      252 words
    • 254 15 AFP [SYDNEY] A Japanese whaling fleet has been ordered out of Australian waters in the Antarctic, a government official said yesterday. Australia's Antarctic research vessel, Aurora Australis, discovered one ship from a fleet of five 38 nautical miles inside the economic exclusion
      AFP  -  254 words
    • 405 15 Opec catting output by &5% in bid to share up oil prices [SINGAPORE] Demand for oil tankers is expected to fall to a 10-year low next week following Opec's move to reduce crude oil production by 6.5 per cent to 1.5 million
      FILE PHOTO  -  405 words
    • SHIPPING news
      • 317 16  -  China carrier using 8 ships of 3,000-6,000 TEUs By\ P T Bangsberg CHINA'S primary ocean carrier opened a direct service between south-eastern Xiamen and Europe via Singapore. The Cosco Container Lines unit of China Ocean Shipping (Group) is deploying eight ships with capacity between
        REUTERS  -  317 words
      • 67 16 AP [VLIELAND] A Dutch coastguard ship (front) hoses the rear part of the German cargo ship Sloman Traveller, still burning earlier this week off the coast of the Dutch island of Vlieland. The residents cf Vlieland and Terschelling have been advised by authorities to stay indoors as
        AP  -  67 words
    • 123 16 PACE Fuhai 4 AppraNp 5 8SA 6 Genurtranj 4 B'tang Mas 6 6 CMA CGM 3 COSCO 3 Heung-A 3 i Central Ex 6 W*«to 5 China Slipg 5 5 Cougar 6 WenNung 6 t CVTGMwM* 6 Kyowa 6 DHmas 4 MTC 3 Dp* Lloyd 6 Ltacr
      123 words
    • 6486 21 THEBUSINESSTIMES EXPORT rage ETA ETA Advertiser VKSd Voyage Telephone ETA ETA Advertiser Vnul Voyage Telephone SIN Dest'n Nam* Nam* Numb*r Number SIN Oestn Nam* Nam* Number Number 19/01 16/02 COSCO EVER GALLANT 077W 65 22*1900 To ABIDJAN (ABJ) 2003 Cot# D'lvoJn t a niowiu ir>D w yiha a
      6,486 words
    • SHIPS IN PORT
      • 750 22 Vts»d Voy No Bffth Arrival Departure JilNl East Litter Pv286 J* 02/01/8.30 03/01/540 Hahun *****5 J12 02/01/7:6 02/01/1*00 Sang TM n 02-JW J06 02/01/915 02/01/1*00 Tg Jo»or« »2122r JOB 02/01/940 03/OV6JO T«r*t *20» J02 02/01/7 J5 02/01/1740 M M 4321 KOI J01 02/01/10:35 02/01/1640 M R MM 6
        750 words
      • 2011 22 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boo* i no/Bala net Dttk SWp Voy No Etb/Btr Ptrtod From To From ACJEAGU 0206 4/t00 a 0VT700 02/065* 02/0*00 n 0VT700 02/069* 02/0*00 J 02/0700 02/10* 02/M00 02/1200 02/145* 02/1700 AC1 SWAN 4T3H2 1/100 2A 0V1700 02/065* 02/0*00 a
        2,011 words
      • 213 22 Janary 6 Italy: Epiphany Sweden: Epiphany tenarrM Japan: Adulthood Day Jwniry 21 United States: Martin Luther King Jr.'s Birthday Jaaurytt Australia: Australia Day Pabroary New Zealand: Waitangi Day Pabraary 11 Japan: National Foundation Day Taiwan: Chinese New Year Eve Vietnam: Chinese New Year Eve MnuTl2 Brunei: Chinese New
        213 words
      • 805 22 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        805 words
      • 455 22 CartM 100 MM 990.4 0.6 tS.4 0.09 62 0.04 Ok 27 DMSltr *«tec IhMm AsMImMn Sediment No abow E25 0 0 2 0 0 0 380 Aw 985.6 0.1 135 0.05 28 0.02 lam 380 Mu 990.4 0J 17.0 0.08 63 0.04 twin %W %M/M WM
        455 words
    • AIR & LAND transport
      • 431 23 Investment group Tesna appoints James Hogan as part of its efforts to revive airline Bloomberg [SYDNEY] James Hogan, formerly chief executive officer of British Midland Airways Ltd, was hired as CEO of Ansett by an investment group that plans to revive the failed
        Bloomberg; AFP  -  431 words
      • 135 23 Cathay pilots resume work-to-rule action AFX-Asia [HONG KONG] Cathay Pacific Airways pilots have resumed work-to-rule industrial action as part of their campaign for improved pay and rostering schedules. The Hong Kong Aircrew Officers Association (HKAOA) said members are again working according to contract after suspending the action in early November
        AFX-Asia  -  135 words
      • 51 23 [BEIJING] Four Chinese railway workers cleaning a train at a station in Beijing yesterday. The Ministry of Railway on Tuesday announced plans to axe 20,000 workers to improve the efficiency of the services. It still has 1.45 million employees despite 100,000 people being made redundant lastyear.
        AP  -  51 words
      • 269 23 Reuters [WASHINGTON] The American Airlines Airbus A3OO that crashed moments after taking off from a New York airport in November had been blown backward onto its tail in 1967 during a violent storm, the Washington Post reported yesterday. The plane,
        Reuters; FILE PHOTO  -  269 words
      • 138 23 Dow Jones [EDMONTON, Alberta] A Canadian jetliner was redirected and a man briefly detained after a female caller telephoned the airline and accused him of carrying a bomb, police said. West Jet Airlines Flight 42 from Saskatoon, Saskatchewan to Edmonton, Alberta was carrying 124 passengers
        Dow Jones  -  138 words
      • LOG Book
        • 101 23 AFX-Asia [MANILA] JG Summit Holdings Inc's Cebu Pacific Air and Air Philippines International Corp will receive entitlements for further South Korea under the amended air rights agreement between the Philippines and South Korea, Air Transportation Office chief Adelberto Yap told the Philippine Daily Inquirer.
          AFX-Asia  -  101 words
        • 108 23 AP Iku ala LUMrUKj a Malaysian air force training plane crashed off peninsular Malaysia's east coast yesterday, a defence ministry official said. No casualties were immediately reported. An aids to the defence minister, Tengku Sariffuddin Tengku Ahmad, was reported to have said that
          AP  -  108 words
        • 121 23 Xinhua [SHANGHAI] China Eastern Airlines carried 10.36 million passengers last year, the first Him the company had carried more than 10 million passengers in a single year, according to an official of the airline yesterday. The figure was 15 per cent mors than that for
          Xinhua  -  121 words
      • 1727 23 tfcrkM $0406 0120 an man cr* maw ni *wii»t uww mm wore b» MM* 0*7301 1930 0*7302 2050 M £2 W W BJ5 Of? 2250 *witT«— $035 0655 6*974 0130 LM77I 1700 W97U 2350 $***** 0730 (1030 2300 U4570 T700 S026 2350 W M W M
        1,727 words
    • LOGISTICS page
      • 565 24  -  Three MOL affiliates will merge to form MOL Logistics (HK) in a move to spearhead the group's upgraded services in Hong Kong and southern China, reports PTBAMOSBEBO P T BANGSBERG Mitsui osk Lines (MOL) plans to integrate three logistics affiliates in Hong Kong
        FILE PHOTO  -  565 words
      • 319 24  -  Haba-Sped wants site to consolidate cargo to emerging markets By P T Bangsberg HABA-SPED of Switzerland, an international logistics and transport firm, is studying Singapore or Hong Kong as the site of its proposed Asian hub. The company has regional
        319 words
      • FAST Track
        • 106 24 ITJ [SINGAPORE] Just under three months after Emery Worldwide Airlines withdrew its entire fleet from service to pre-empt its grounding by the FAA the company has now decided to close down its airfreight business completely. This move is part of a restructuring process at the parent
          ITJ  -  106 words
        • 103 24 Reuters [SHANGHAI] China's financial hub of Shanghai handled 9BMOO tonnes of air cargo in 2001, up 13.78 per cent year on year, despite a global slump in the airline industry, ths official Xinhua news agency said. I%e eastern Chinese city's two airports— Pudong and Hoogqiao—reported
          Reuters  -  103 words
  • Page 15 Advertisements
    • 185 15 MOL revamps logistics units in Hong Kong, Back page v Cosco launches Xiamen-Europe H service via S'pore. J Former British Midland CEO hired to head Ansett, P.hic 9 The freight market was dosed on New Tear's Day Requirements: Able to work independently Good communication skills Deck/Engineer officers preferred Interested pis
      185 words
    • 108 15 We invite suitably qualified and experienced personnel to fill new key positions in the following departments: TANKER SAFETY VETTING DEPARTMENT TANKER OPERATIONS DEPARTMENT All applicants must have working experience in tanker operations, supervision of loading /discharging, safety audits, etc., Previous experience as Master or Chief Officer onboard tankers required. Knowledge
      108 words

  • Page 16 Advertisements
    • 505 16 NORTH AMERICA [fll QULF/INDiA SUB-CONTINENT aura SWTTLE BXPngii taajy (outf karacm expmess (moq resa VOT igo m m "vSa j vot I *a [""55 m s« I OOCL JAPM 55W50 M/Ql Ot/Sl 777 i 7777 ZT^r. —I OOaKIMBUWO 33WS1 20/12 13/01 IS/11 20/12 27/12 20/12 M/ 01 I OOQWWMM 4IWSI
      505 words
    • 607 16 t* Lines services represented by M—hw of the Registry of Accredited Shipping Agents, Singapore Shippmg Association Members of the Singapore Logistics Association I U,Y UNB MAU 13 wssa voy leu Troi Trai P. KLAM6 SPOKI INI Empress Lity VOlO2 09/01 10/01 18/01 f Princess Lily VOlO2 24/01 25/01 02/02 Empress
      607 words

  • Page 17 Advertisements
    • 1041 17 TO USA (SAX SERVKD vtssa vot sweta lax oak dal hou cmi coi mm m ire HiWL&m ion 00/01 24/ai 20/01 n/§i 20/01 20/01 30/01 w/»i 31/01 31/01 ATI HOLLAND 1051 14/01 31/01 OS/02 OS/92 05/02 05/07 06/02 05/02 07/02 07/02 Afl ENGLAND 1071 23/01 07/02 12/02 12/02 12/02 12/02
      1,041 words
    • 1458 17 TO MJM} T/TtISMTS| mum > T/TsiiMri I 7 IMHI i f/itimy» J SBJS*Si!i: 2555?121 IMi )£££!££/.i m: J22S /4S "'HESI#. IMU>TW> WKII WSMWDAII6 TIL 07-******* FA* 17-*****71 COSTAR SNIPPING PTI LTD ""J*®"*"" J2HS PO«T«UI* 03-******33 tymmut (X NO: **********044 TBslH 1000 (MAOf) WWA*O(D/°) *****04 *****10/40 KNANG 04-2****** 04-2*27W T/SMTPgT *****25
      1,458 words
    • 277 17 Ivssa voy sm jkt su« msm mwu V}_ vi 11/1 11/1 iyi I J« 91 «a up osa yi t/i ii/i mmwmi w w w 'V rasa toy six dk no sm w ib bkmbhos iiis 1/1 yi iiw yi iyi iyi iyi iyi n/i mean mm ja 17/1 n/i
      277 words

  • Page 18 Advertisements
    • 1265 18 HYUNDAI MERCHANT MARINE CO., LTD. I*g» WI Ml swl Ml no I ant I who I mv~l Ivesa var sou I law Iw| my m mmm iotw m/oi 11/01 */»i n/oi m/oi apismmmyx ios is/ij ij/ii u/» m/oi ■01 MM S44W 04/01 25/01 20/01 10/01 21/01 HTWWW JOS 11/12 12/12
      1,265 words
    • 1235 18 *su amiss im samid sajud 03/01 m/oi I 01/01 ISM 10/01 $9/01 14/01 14/01 ISU 73/01 21/01 27/01 20/01 IS2A 04/02 02/02 00/02 10/02 wssa wr swj^^naS^^jSSm^TiSMS^^oS^^iSS^^M^^^jS^ TNOIMEtaitT 7/01 SAW 10/01 12/01 13/01 I J^T MIM»JM 0/01 13/01 IS/01 07/01 31/01 02/02 03/02 07/02 HBUKS 1/02 22/01 23/01 10/01 00/02
      1,235 words

  • Page 19 Advertisements
    • 1442 19 I VESSEL VOY KHH HKO PSS Htt DXO lAI DMM [HSic MAN ISFAHAN PCL-240 31/12 02/01 06/01 07/01 14/01 13/01 17/01 19/01 MAN HONJMOZOAN PCL-241 06/01 09/01 12/01 13/01 20/01 21/01 23/01 23/01 MAN TEHRAN PCL-242 13/01 16/01 19/01 20/01 27/01 21/01 30/01 01/02 MV UNDAVIA PCL-243 20/01 23/01 26/01
      1,442 words
    • 1296 19 UK CONTINENT SERVICE Loodrig tor PISCES EXPLORER RDM/ATW/BMN/UK/LPL NEW EMERALD RDM/ATW/BMNAJK/LPL EXPLORER II RDM/ATW/BMNAJK/LPL Loads Singapore. EVW Malayan. Indoneaa MIDDLE-EAST SERVICE Loading tar RAINER Oei/ABU/DOH/BRN/DMM/KWT LOK PRATOP DBI/ABU/DOH/BRN/DMM/KWT ZEYNEP ANA JOH/AQA/DMT EVERISE GRACE DBI/ABU/DOH/BRN/DMM/KWT "Loads Sngapore E7W. Malay Ma. IndoneMi USA SERVICE Loadngtor ASIRAT CAM/NFK/SAV/NOL/TPC YELLOW KNIFE CAM/NFK/SAV/NOL ALGARVE VCW/LAX/MZL
      1,296 words

  • Page 20 Advertisements
    • 1142 20 EUKOPI/UK/SCAND4NAVU tXPOKT vßsa/voT*a I scr I rdm 1 img mfv nr g wv [ftB6M»CO97IMMRS Ml Sffl Ml II Ml IMI Ml 77/01 U II 07/011 Ml Ml Ml MMI DI 134)1131/Di own own *tfT MCDfTE MAN LAN/BLACK SIA sg~|tra onaltos ,roi [vu jits" (Ml 75/01 Ml Ml 31/01 01/07 IM7
      1,142 words
    • 747 20 L! a rot jj/WOgW BiOn POUTS WBOT SttVKI tfssa jaa m m sou HIM tm AW HH IMASlLailfiA 201-04 01/01 09/01 27/01 29/01 31/01 M/tfl OMtt mHIUII 14M 15/gl 14/01 03/02 04/02 05/0? 09/02 07/02 ||>MASIAHAMIUI6 1203-06 24/01 25/01 12/02 14/0? IS/02 19/02 \IM Acraprtng cargo to ai UK inland
      747 words
    • 527 20 BSA -L MYANMA five star une (MjfMMV N«HMMI UM) wssa vor sm m poi psu mpa-m ant sio ■ON6U UW 0» MALAYSIA AGENTS: WUSIIAD SMPPMG AGB4CKS ML ra 03-*****)00 f*L 1H 03-*****101 ret m 04-K***** rot m 07-*****21/4 i«| BANK LINE (A Mrvk* kUttm W«ir S%ptaf) NORTHBOUND TO EUROPE coOTuna,
      527 words


  • Page 22 Miscellaneous
    • 125 22 f s^^z&r—~^#B^3 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Showers o /C\ Rain Temperature C Wind direction and speed in knots Cloud, Oa, th <" CXI Hazv Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds -j ®''9 ht < 1
      125 words


  • Page 24 Advertisements
    • 74 24 AvMkm news and aircraft schedule are on pg 9 .->" *'V«./ v >v *m mMti. *fcl jJI-^' Nfit I 1 QI-lUs inventory Ihjui jffifonUUiC \fr^jC^/j| 1800 285 8888 or visit www.dhl.com.sg 1 j I I \Jflfc/ T '*2 I|l B X iV ajlJay v.* Eifllwii^ X I S««l x vIHBUn
      74 words