The Business Times, 29 January 2002

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Total Pages: 28
1 28 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 jnte.net: htts //business-times.asial .com.sg/ SINGAPORE TUESDAY, JANUARY 29, 2002
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  • 78 1 sn 1,772J0 (+42.07) BT-SBI ***** (+16.33) ST INDEX FUTURES 1,780 (+35) smsa FUTUEES ***** (+5.50) STOCK MARKET INDICES Monday Change KLSECOMP 706.81 +12.03 NIKKEI 225 —*****.85 +76.71 HANG SENG 10,767.46 -650 SET INDEX 337.49 -150 JAKARTA COMP _441.«7 -10.89 MANILA COMP .1,319.23 -17.92 TAIPEI WPI 6,007JJ +56.69 SEOUL
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  • 68 1 FOREX SATES USS SI USS (SS per USS) 1.836 £(USS/SS per L411 2.591 EURO(USS/SS/E). 0.866 1.589 DM 1260 1131 YEN 133.7 7180 RM 3.800 1070 HKS 7.799 4148 BAHT 44.12 2403 RUPIAH 10,421 5,676 PRIME BATES SINGAPORE* S9i KUALA LUMPUR 6.4i HONG KONG 5.12i JAKARTA 39.01 TAIPEI 6.72i TOKYO
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  • 587 1  -  Move to turn airline around, possibly bringing in foreign partner From] Eddie Toh in Kuala Lumpur MALAYSIAN Airline System (MAS) has proposed to transfer its profitable international operations and listing status to a new company in a radical move to return to the
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  • 829 1  -  USs3som went into 175 firms, including many Asian names From Jennifer Lien in Silicon Valley 2001 was a year when venture capital firms tightened their purse strings, but Intel Corp's investment arm didn't let that cramp its style. After a busy 12 months,
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  • 617 1  -  BTIJiMIIUWJ Q4 survey results show recession may bottom out in Q3 By Eugene Low [SINGAPORE] Improvements in new orders have lifted some of the gloom from firms here, with more expecting better times in the next six months, according to the
    Source: CBRD/NUS  -  617 words
  • 262 1  -  By R Sivanithy [SINGAPORE] The tide of money pouring into Singapore stocks from funds switching out of China and Hong Kong is expected to continue for several more days, pushing the Straits Times Index past the 1,800 level. In hectic trading yesterday,
    Source: Bloomberg  -  262 words
  • Page 1 Advertisements
    • 176 1 nngPE Top Stories Arthur Loke, EU law giant tie up. Nmxt Page KepLand posts $366.5 m loss.Pg 4 Open bidding for COEs to replace closed system. Pg 9 Faster US turnaround seen. Pg 9 US new home sales up 5.7% in Dec. Pg 13 Hock Lock Slew UOB should allow
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    • 16 1 Manufacturing output down 22% in Dec, Next Page Funds push market to 10-mth high, Pg 6
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  • NEXT page
    • 473 2  -  ryp F^ V T~9 But economists say electronics-led recovery is intact By\ Eugene Low [SINGAPORE] Hit by a steep drop in pharmaceuticals output, Singapore's manufacturing sector contracted 22.1 per cent year on year in December, according to data released by the Economic Development Board
      FILE PHOTO  -  473 words
    • 522 2  -  Alliance will give clients one-stop access to legal, tax, accounting advice By\ Conrad Raj [SINGAPORE] Local law firm Arthur Loke Bernard Rada Lee (ABRL) has tied up with one of continental Europe's largest legal practices, Haarmann Hemmelrath Partner (HHP), in this year's first
      522 words
    • 226 2 Reuters [PHILADELPHIA] Singapore Technologies Telemedia Pte Ltd and Hong Kong's Hutchison Whampoa will make a US$75O million cash investment in Global Crossing Ltd a high-speed communications services company that filed for Chapter 11 bankruptcy protection in the US yesterday. Global Crossing struggled
      Reuters  -  226 words
    • 283 2 AFX [KUALA LUMPUR] Prime Minister Mahathir Mohamad said yesterday Malaysia's bilateral relations with Singapore will not be affected by the current failure to reach a water supply agreement. In response to media questions whether the failure will sour relations with
      AFX  -  283 words
    • ON THE grapevine
      • 94 2 DURING the Christmas season, you heard of the $25,000 Bang and Olufsen home entertainment system being offered to homebuyers. Now for the Chinese New Year season, it's an angpow of $18,888. That is what buyers get at Hong Kong tycoon Li Ka-shing's 906-unit Costa del Sol
        94 words
      • 67 2 SINGAPORE and other foreign lands must be sinking into the American consciousness following Sept 11. Overheard this month on two US television shows were references to Singapore. In a recent episode of the vampire drama Angel, one character talked about getting car parts from Singapore. And Daphne,
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  • Page 2 Advertisements
    • 123 2 Wharton The Wharton School University of Pennsylvania global leaders, visionary entrepreneurs In an era of exacting global competition for skills and innovations, the Singapore Management University (SMU) is primed to deliver cutting edge executive education. Together with The Wharton School of the University of Pennsylvania, America's top-ranking business school, SMU
      123 words

  • Page 3 Advertisements
    • 108 3 M iUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 The Jules Audemars Sunrise and Sunset Equation of Time Perpetual Calendar Audemars Piguet's master-watchmakers created a watch with sunrise and sunset, equation of time and perpetual calendar functions. These complications take into account latitude for sunrise and sunset, and longitude for
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  • SINGAPORE companies
    • 552 4  -  Dividend payout of 63% of net profit; cautions profit growth target this year Byi Angela Tan SINGAPORE Food Industries (SFI), a unit of diversified conglomerate SembCorp Industries, yesterday unveiled a widely expected 19.1 per cent growth in net profit to $27.2 million for
      552 words
    • 646 4  -  Bnt it expects to rebound this year; plans to secnritise 3 residential projects By' Vince Chong KEPPEL Land is confident of returning to the black this year after posting a $366.5 million net loss for last year due largely to a write-down of its residential landbank.
      CHRIS LOH  -  646 words
    • 300 4 VIRGIN Mobile (Asia) is reportedly negotiating with two Hong Kong third-gener-ation mobile telephone licence holders and hopes to finalise a partnership by year-end. "We are in detailed discussions with two 3G operators in Hong Kong," the South China Morning Post quoted Virgin Mobile (Asia)
      300 words
    • 687 4  -  HOCKll.lJil.-Mia wong wei kong LISTED retailer CK Tang should win shareholders' approval this week for a rights issue to reduce its debt. But the company may not find it so easy to refinance its biggest burden a $110 million transferable loan facility (TLF)
      687 words
    • 1229 7  -  Analysts see group returning to growth track, based on its three core businesses offshore and marine, infrastructure and properly By\ Lob Hui Yin ONCE-SCEPTICAL investors are warming up to the new slimmed-down and more focused Keppel Corp, judging by fund managers' response to
      FILE PHOTOS  -  1,229 words
    • 485 8  -  Online posting says planned listing of buying agency Linmark could value it at $350 m By\ Serena Ng SHARES of toy and lifestyle product distributor Roly International surged more than 50 per cent yesterday after an online posting that said the
      Source: Reuters  -  485 words
    • 442 8  -  Tnrnoror grows 22% to $4L2m; dividend of 0% By Serena Ng LISTED ornamental fish distributor Qian Hu Corp yesterday posted an 8.4 per cent rise in 2001 net profit to $3.4 million and said it will give shareholders a 6 per
      ALAN LIM/STRAITS TIMES  -  442 words
    • 329 8  -  CapitaLaadte name investment bank as trot's financial adviser, sources By Kalpana Rashiwala CAPITALAND is in the process of appointing Goldman Sachs as financial adviser for a relaunch of its Sing Mall Property Trust (SPT), sources told BT yesterday. It is not known what criteria Capita
      329 words
    • COMPANY Briefs
      • 72 8 LINKS Islands Holdings said yesterday 2001 net profit increased by 172 per cent from $1.37 million to 13.73 million. Turnover rose 61.5 per cent from $13.63 million to $22.01 million due mainly to increases in reclamation works, charter services and higher productivity. The group cautioned
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      • 103 8 nu aim mm Mornings Lta announced mat tne company has entered into a Joint venture with Taiwan-baaed Tech-Chain Ltd to produce notebook casings in Shanghai. The venture will have paid-up capital of US$lO million. Huan Hsin will subscribe to 51 per cent and
        103 words
      • 34 8 CHEW Eu Hock Holdings has asked that trading in its shares be suspended today, pending an announcement to be made by the company. It did not elaborate in its statement.
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      • 144 8 ASPIAL Corporation announced that wholly-owned subsidiary, World Class Land (WCL), has acquired a piece of 999-year leasehold land 0f5,754 square metres at Jalan Tari Payong near Jalan Kayu for $9.5 million. The acquisition will be funded by internal resources and hank borrowings. WCL intends
        144 words
      • 51 8 SPP Ltd announced several changes to its board which took effect yesterday. Robert Wu Fuyuan has resigned as a director and chairman, while Peter Sung has been appointed a non-executive director and chairman of SPP. David Lee Kay Tuan has also been appointed an executive
        51 words
      • 82 8 Reuters CSE Systems and Engineering Ltd said yesterday it had won a $1.3 million contract from the Land Transport Authority (LTA) to implement a feedback management system. CSE, which specialises in enterprise integration and systems networking, will spend about seven months designing and developing an
        Reuters  -  82 words
    • 361 8  -  Byi Angela Tan AT a time when rival banks are shedding staff to stay on top of the economic slowdown, Credit Suisse Private Banking (CSPB) in Singapore said yesterday it had hired nine bankers as it gears up to fight for a larger market
      361 words
  • Page 4 Advertisements
    • 193 4 r SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda on 26 March 2001) Invitation in respect of 37,000,000 ordinary shares of U550,025 each comprising 34,500,000 New Shares and 2,500,000 Vendor Shares as follows:(1) 1,000,000 Offer Shares at 550.23 for each Offer Share by way of public offer; and (2) 36,000,000
      193 words


  • SINGAPORE markets
    • Article, Illustration
      297 6 OTHER SINGAPORE INDICES Jan 28 VALUE CLOSE wom -41.00 +82.00 if OIW -*****.00 ♦112.00 ■TIHyMJl -*****.00 -4.00 MtfirpMn 464.70 +9.71 tQE«dfc«B»ct 158.76 +2.82 1536.47 +54.01 488.03 +14.10 ■Bhppw 222.51 +5.50 WWhtwi 224.50 +5.50 W*dm V«|— IPC020C 41.205.000 Roty IntUSlOc 33,028.000 Beyonfcs 10c 32,818.000 MPS Tech 10c 21,360,000 SingTel 15c 21,094,000
      297 words
    • 241 6  -  HOT STOCK/ WARRANT Byl R Sivanfthy THERE'S a perception in some circles that the property sector has lagged behind the rest of the market. Nothing could be further from the truth. From its low of Sept 21 last year, the SGX-Properties Index has
      241 words
    • 748 6  -  STOCKS r. sivanithy THE Straits Times Index yesterday powered to a 10-month high as funds continued to buy into the market on the strength of its laggard-cum-safe-haven status while selling markets like China and Hong Kong where doubts supposedly surround the status of their
      748 words
    • 638 6  -  ■■ÜbßaUaUiUaH CURRENCIES i." 5 Limited US$ downside against S$ seen if yen and enro weakness persists larry wee THE euro was mercilessly punished for a third consecutive session yesterday, indirectly lifting the Japanese unit, but hurting other European units like the sterling
      Source: Reuters  -  638 words
  • 2730 6 UNIT TRUSTS FUNDS aosond s'pore A/S o OtiBond Spore B/S 1 XtM Ot Money Sing Dollar Class B *****/ AIM Anro Asset Mgt (S'pore) Gti Pan-Europe Equity Fund 1.0V St* Europe Eqtyl* CM CitiSelect Asia TVt B*tanc»d 1.2® Star Europe Bd 0.97» CfflSeiect Asia TUt Growth 1.23/ Star Europe Bal
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  • Page 7 Advertisements
    • 42 7 15 i' A; c# 7 c^/y fomatic N s v#:/'v -V\ v Iki k v A N v x I -ftVii Mnn»^ >x> v I L TARGA FLORIA All(onKit ir Clll oiku11«iph 'i *< 1 vN^L [tc&] tfIEP) TAGHeuer SWISS MADE SINCE 1860
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  • Page 8 Advertisements
    • 356 8 The Festive feast Uou Droft IM lo fliss! Complimentary f BBQ Suckling Pig for below set memionleretl I Happy Cold Combination l Four Treasures Supreme Soup Steamed Sea Bass Hong Kong Style Fragrant Yam Ring Hong Kong Kai Lan with White Clams k Butter Prawns Fried Rice in Lotus Leaf
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    • 905 8 fat The Monn of The Componwt Act. Cap SO And In The Maa*r of EMERALDO INVESTMENTS PTE LTD (In Voluntary liquidation! MEMBHV VfXUNTAT WINDtMO UP Al an Exfcoordinary General M«eting af to Members of to obonenomed Company duty convened and held at 300 Bwldl Timah Road. •03-01 Altond Mouee. Sinaopur.
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  • SINGAPORE news
    • 383 9  -  Traders say open system, which starts in March, will end extreme price swings By\ Christopher Tan AS widely expected, the government will do away with the 12-year-old closed bidding system for COEs in March, replacing it with the open system that has
      FILE PHOTO  -  383 words
    • 424 9  -  Weekend sales fuelled by earlier price cut; ether coiidos do well too By Andrea Tan ALLGREEN Properties has sold a further ISO units of Queens at Stirling Road over the weekend, at a higher average price of $570 per square foot. In
      424 words
    • 113 9  -  MAIL! rem Alamelu Subramaniam (Ms) for Permanent Secretary Ministry of Trade and Industry I REFER to the letter, "Hear out S'poreans in Malaysia too" by Loh Lai Kuan (Mailbag, Jan 25). We welcome ideas and feedback from all Singaporeans, including those residing in Malaysia.
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    • 451 9  -  Asian tech-based economies will gain most: JP Morgan By\ Chuang Peck Ming JUST as the downturn in the US economy was more striking than many thought, the upturn is likely to come sooner and be more vigorous than expected, according to JP Morgan's New York-based chief
      451 words
    • 127 9 THE Singapore Confederation of Industries (SCI) yesterday announced the appointment of a new secretarygeneral. Roger Low, who assumed the post on Jan 2, will spearhead initiatives to help SCl's members globalise their operations and enhance their business efficiency. He will also lead efforts to help SCI
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  • Page 9 Advertisements
    • 38 9 Wl^B^' mrtr'lL#*« Bifeilr V H^B^B You never Jpfß% actually own a Patek Philippe. You merely vfijfif 3S look after it for the next generation. A n».n c>i«d» by Patek Philippe Geneva Master Time, Tel: (65) 732 1506. www.gmtsingapore.com
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  • FOCUS property
    • 488 10  -  BIIJ.I..HLUHI PROPERTY JTv;, a i it's positive spin on Industrial, tourism sectors may obscure need for prrt "liltrn Kalpana Rashiwala LAST week, two Ministry of Trade and Industry organisations—JTC Corp and the Singapore Tourism Board (STB) —made public their latest updates on the industrial and tourism
      488 words
    • 350 10  -  ÜBA provisional permission for Wing Tai-led group By] Kalpana Rashiwala A CONSORTIUM led by Wing Tai has bagged provisional permission (PP) to develop 234 apartments and a 173,000 sq ft, 11-storey office tower on the Cockpit hotel site in Penang Road. This could suggest
      FILE PHOTO  -  350 words
  • Page 10 Advertisements
    • 291 10 HENRY BUTCHER JW APPRAISAL GROUP PTE. LTD. For Sale UntfAraa 129.867 aq ft -MalßuiUnAfW 332,682 sqft Tenure Lease expiring in 2033 Description Two intar~ftnk«d buddings BuftMna 1:175,334 sq ft •BuMlno 2:157,348 sq ft f J°nes Lang WLaSalle. PRIME DETACHED FACTORY AT SOON LEE ROAD FOR SALE Built in approx 76,335
      291 words
    • 272 10 23 SENOKO LOOP A 3-storey office with sn annexed 2-storey detached factory I For immediate occupation Excellent location with well I Land area 48,178 sq ft linked road networks I Built-in 56,475 aq ft Zoned General Industry with I Tenure 30 years wef 1990 a gross ptot ratio of 2.5
      272 words
    • 52 10 SUNTEC OFFICE SPACE FOR SALE 12.044 aq ft 99 year leasehold Quality Tenant (MNC) Net Yieid: 4.5* (min.) Invcctmcnt Saicc: *****791 i Know the difference? An extra stroke, a whole new meaning. Learn Chinese with help from the experts. Find a tutor in Lianhe Zaobao Classified •urn i I) Spring
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    • 49 10 I Wishing you a I Happy Prosperous I New Year! Please call for reservations: Hua Ting Restaurant SSII Tel: 734 3880/72 Orchard Cafc jfc M Tel: 739 6554 T i 1 1 '>>> ,1 y ORCHARD HOTEL SMCATOKI 442 Orchard Road *****9 Ffenafad by f— I— Copchom* hi iMoaml Hi—d
      49 words
    • 43 10 SET LUNCH AT GREAT HEIGHTS Create your own set lunch of ContincntaJ cuisine with strong French Italian influences. Price: $35** Reservations: 831 6258/88 ■VitM'iVi Htl llMf I Mvmiarim 111 SSgmmtme A 333 Orchard Road, Sinrare *****7. "SXiTCT Tel: 737 4411 Fax: 831 6259
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  • KNOWLEDGE economy
    • 1164 11 Some trends and developments observed five years ago still hold true today. 13 online journal looks at what they are and the KM topics expected to be on the radar screen in 2002 GOING by the day's pet themes and hot topics in the field,
      FILE PHOTO  -  1,164 words
  • Page 11 Advertisements
    • 939 11 Land I Keppel Land Limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2001 The Directors advise the following unaudited results of the Company and of the Group for the year ended 31 December 2001: GROUP COMPANY 2001 2000* 2001 2000* SS'OOO SS'OOO
      939 words

  • EDITORIAL & opinion
    • 715 12  -  THHI iWiiTmmWTRTS OPINION michael lewis Michael Lewis, the author of' Liar's Poker'and 'The New New Thing', is a columnist for Bloomberg News. His opinions are not necessarily those of Bloomberg News Bloomberg ONE of the high points of my day is reading the mail I
      Bloomberg  -  715 words
    • 94 12 'Enron robbed the bank, Arthur Andersen provided the getaway car and they say you were at the wheel.' Jamee Qreeeweed a US Congressman to David Duncan, Arthur Andersen's lead partner on the Enron Corp account 'Moving millions of people is all in a day's work if it's
      94 words
    • 604 12 EDITORIAL INDONESIA could finally be turning the corner, alter more than three years of turmoil, towards achieving macroeconomic stability under the leadership of President Megawati Sukarnoputri Over the past seven months, the government has gone about its business in a quiet and consistent manner despite being
      604 words
    • 1184 12  -  Decontrolling all petrotara product prices and imposing* single 32% excise duty across the board would have helped cot fiscal deficit By] Prem Shankar Jha The writer, based in New Delhi and former editor of The Hindustan Times, contributed this article to BT FOR almost
      FILE PHOTO  -  1,184 words
    • 750 12  -  COMMENTARY For Americans, recovery begins only when unemployment stops rising By Bob Herbert NYT [NEW YORK] Alan Greenspan says the worst is over. Maybe. The Federal Reserve chairman told a Senate committee last week: "There have been signs recently that some of
      NYT  -  750 words

  • REGIONAL news
    • 588 13  -  Utama resumes merger talks with RHB; Telekom keen to acquire Tajudin's TRI stake From Eddie Toh in Kuala Lumpur THE Malaysian corporate sector may soon see the departure of two prominent tycoons Tajudin Ramli of Technology Resources Industries and Rashid Hussain of
      NSTP, FILE PHOTO  -  588 words
    • 301 13 SINGAPORE Bloomberg PETRONAS NGV Sdn, a unit of Malaysia's state oil and gas company Petroliam Nasional Bhd, said it will spend at least RM22 million (5510.6 million) this year to double the number of stations selling natural gas to power cars. Malaysia
      Bloomberg  -  301 words
    • 492 14 SHANGHAI Success of two lawsuits will sound warning to firms that falsify results AFP WHILE international attention is fixed on Imploding US energy giant Enron, Shanghai lawyer Song Ylxin is preparing to fight a legal battle with two Chinese firms that may
      AFP  -  492 words
    • China stocks plunge on fear of state sales
    • 433 14  -  Stanchart widely seen m favourite to secure deal From l Shoeb Kagda in Jakarta INDONESIA yesterday received four bids from a final shortlist of eight potential investors for a 51 per cent stake in Bank Central Asia (BCA), the country's largest
      433 words
    • ASIA Notes
      • 78 14 Bloomberg AFP [BEUING] China's National Audit Office denied a report that Bank of China oflldals In Guangdong province embezzled 6 billion yuan (591.3 billion) over 10 years. Separately, China's central bank said It will tighten supervision of the banking Industry in the wake of a
        Bloomberg; AFP  -  78 words
      • 56 14 AFP [HONG KONG] The South China Morning Post Is to begin charging Internet users for access to Its online news content. Its publishers said yesterday. The move, which follows job cuts at the paper In October, is the latest In a series of belt-tightening
        AFP  -  56 words
      • 87 14 Bloomberg [HONG KONG] The number of people visiting Hong Kong roee 5.1 per cent to a record last year, as more visitors from China countered a drop in tourists from the US, according to the city's tourism authority. The government-backed Hong Kong Tourist Board said
        Bloomberg  -  87 words
      • 67 14 Reuters [SHANGHAI] Online stock trading turnover in China nearly doubled to 357.8 billion yuan (5178.7 billion) last year, the China Securltlee Regulatory Commission said. It accounted for 4.38 per cent of total market turnover of 8.17 trillion yuan last year, which included trade of
        Reuters  -  67 words
    • 183 14 HONGKONG Reuters WHICH Hong Kong bank's directors give shareholders the biggest bang for their buck? Hang Seng Bank, according to HSBC Securities (Asia) Ltd after analysing the ratio of directors' pay to earnings compared with the banks' operating profit over the
      Reuters  -  183 words
  • Article, Illustration
    1151 13 Transaction date: Jan 28 arrgKBAMK CROSS EATB8 CS >■> bro Fir Pw HK$ tot t» **Uk Yi W tM N» $> >»«4 Ut |T> N— WS Awtr«i« 0*32 4287 0.5*7 1917 LIM 4.030 24.975 ***** 0.691 6.833 1.963 1220 3U28 26.471 0.M8 5*98 0.180 6*93 22.797 0266 0517 1202
    1,151 words
  • 1717 13 8IC0M PDTOKBS Jan 28 IU88 It Mn prim) KSlOcaats/ht} Cton Voton Opoa tort* Nj# Urn Sott (twm) Kortst F«fc 02 IH50 Mar 02 m.75 Apr 02 W.00 02 ***** RSS3(USca*Vh0 VotoM Opw tortfc Uw Sott (tones) Merest Feb02 60.00 650 tor 02 60.75 2300 Apr 02 6250 6175 62.00
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  • Page 14 Advertisements
    • 414 14 financial Adv,sersAct&Regulations of training solutions to help HH Anti-Money Laundering for financial Planners companies achieve business exceiience...\¥fth Tumultuous Business Skills in Financial Planning Synonymous mi aj.- r we are confident that more industries and fo w J' tprf buslntsses wH! btnefH from quality training upheaval the current business ma*et reshape*
      414 words

  • WORLD news
    • 203 15 PARAMUS, New Jersey Bloomberg TOYS'R'US Inc. the biggest US toy chain, will fire 1,900 employees and close 64 stores to increase profit. The company will spend US$l26 million for the moves in the fourth quarter ending Saturday, Toys'R'Us said in a statement. The
      Bloomberg  -  203 words
    • WORLD Watch
      • 92 15 Reuters [LONDON] A new computer bug that tries to trick computer users into clicking on a virus-infected Web link masquerading as party photos emerged in Asia yesterday morning and began spreading to Europe, computer experts said. The so-called "My Party" worm, which is not considered
        Reuters  -  92 words
      • 112 15 Reuters [TOKYO] Japanese retail sales fell for the ninth straight month in December as consumers kept their purses shut due to worries over jobs and wages in an economy stuck in recession. Nationwide retail sales dropped by 5.7 per cent from a year
        Reuters  -  112 words
      • 63 15 Bloomberg [STAMFORD, Connecticut] Xerox Corp said its fourth-quarter loss narrowed after it reduced costs by firing workers, selling assets and exiting businesses. Hie loss was US$4 million, or 1 US cent a share, compared with a loss of US$20 million, or 4 US cents,
        Bloomberg  -  63 words
      • 56 15 Bloomberg [SANTA CLARA, California] Palm unveiled a remodeled computer that can be used to send and receive e-maiL Palm originally planned to introduced the US$*****05 before the end of last year. The device 1s the successor to Palm VII, which was originally introduced nationally in October
        Bloomberg  -  56 words
    • 341 15 WASHINGTON Total home sales last year hit record 6.15 m, defying recession Reuters, Bloomberg SALES of new US homes rose 5.7 per cent in December, and total home sales set a record for the year, the government said yesterday. New homes were
      Reuters,; Bloomberg  -  341 words
    • 450 15 Car maker sees profit last year beating 2000 figure Bloomberg, Reuters [MUNICH] Bayerische Motoren Werke AG (BMW), the No 2 luxury carmaker, said fourth-quarter sales rose 6.8 per cent on demand for 3-Se-ries compact autos and new Mini small cars.
      Bloomberg,; Reuters; FILE PHOTO  -  450 words
    • 457 16 FRANKFURT Bank brings forward revamp; board member expected to resign Reuters DEUTSCHE Bank will bring forward a radical shake-up in its management tomorrow to restructure the German giant along Anglo-Saxon lines, resulting in the early departure of one board member, senior bank sources said over
      Reuters  -  457 words
    • 480 17 WASHINGTON Justice Dept, Pentagon among customers for firms' USs7om govt deals AP. NYT THE White House has ordered a review of US$7O million worth of federal contracts with Enron Corp and the Andersen accounting firm to determine whether the embattled companies are worthy
      AP.; NYT  -  480 words
  • 4751 15 Transaction date: Jan 28 for more, go to iwwvxisiaoTierimarkets£oTn HONGKONG kg 453 unch ***** Vel Interchina Hldgs OK Ml ***** *t- '000 irrterform Ceramics 0.02 inch 6826 J Inrl Bank of Asm 183 -0.01 640 AcroosAsia Multimedia -0.37 -0.06 6 iRegent Group .0.16 0.01 17»1 Alpha General 0.03
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  • Page 15 Advertisements
    • 208 15 University lU Bk fllH <>f Michigan Business ChUt I Join us ri Asa 2002 to find solutions to your business problems JP The Michigan Business School _jfcjT has 75 yeera o< history detwwng eflectwe soMtons to toP business executives Phuket, Thailand Senior Executive Leadership Program in Asia March 11 22,
      208 words

  • 2115 16 Transaction date: Jan 28 KUALA LUMPUR 'J rm w- ram mi. 3.62 uneh 4 FW Industries 102 <02 123 AkM Realty 1.13 0.05 1*7 J* .J* AM I 2.01 0.02 152 5*""™ 0.02 1297 ACPInduMrias 322 0.02 196 9* n *J55' p "225 Advance Synergy .0.60 001 157 9*
    2,115 words
  • 713 16 Transaction date: Jan 28 m Orn Q—f» ■> aw a—f» C4C OJ7 MM 4220 NrtSM SOc 0.U VIM *0420 CipttaUnd 149 1120 *0.130 OCK U7 UJ00 4M 0*rt SOTtCond 2tc 1J0 4MB *4000 OUt 451 7 JOC *4100 OtyOwrSOt 252 710C «0150 ftntnaqr M Be 0J» OJM *0415 CMMT&
    713 words
  • 660 16 BONDS WARRANTS Laat MCm (aar 'oS *SSm c—»—> *ar- cmm** wa m« AST1\MM0621 M 0.5 75 1 16 9 1.45 29 Acm» ltd \MM 1116 45 1 50 445 122 34 Armak W*****0 35 5 -0 5 27 1 33 7 150 41 Amwrong W*****0 45 1 10 26 256
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  • Page 16 Advertisements
    • 249 16 Wind activity, deafening silence. What can you infloVst e In the midst of an economic turmoil, this is probably the driest season for breakthroughs in any organisation. And Click on to www.psbcorp.com/training/creativity.html for the latest course information or contact when it comes to innovation, your staff is mouse quiet. So
      249 words

  • 5930 17 Transaction date: Jan 28 for live prices, log on to iiruw>xisiaonernarkets£orn B4M Lad Vol Day Lat Quota CrM» Otv GrVW MM HCaa NUtof W# Iw C—wt Sale W- f888| M0i l—i Buyer M» Cw W SiJ Wee 6 ABNAmroNLG 56c 9 14 ia 22.5 15 c AaD*namks20t 165
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  • 50 17 HMTL EE -i. |J5L OrVM MM Mte «M| "P ril T'"< f—> Urn trnm >M CV M lui Wc» "MO J210 5 Dumonds US9900 M90 WO s SOJUSTcd) USSMO SB 4® i ISMSQSpor* US4S0 1M» #70 s KS4P500 US ***** iji» mm i spwb us 114oo 1,350 I
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  • 1650 17 mTL i£ J5L -°*y. u*q—» n> m mcb wm»* "T u Cl "La Mt rw> u» Pay SeOar cm m imi hS X 12 c ABR MkJgs Sc «J *05 418 20 195 195 20 S 18 13 57 373 11 405 UcAKJUSc 1* «03 115 19 1*
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  • 388 17 j»* tMt M D* la«Q—i Mb W» GrYM MM MCaa U» C.apn u* W- m m+ I— —T» 5—ar Cm HI $3 110 (0 AVJanrangi A2Sc A K 75 85 40 3.4 IIjS S 185.1 PlcJfe HK. 720 265 2.1 7 4 6 243(62 Cheung KongSOc MC 1700
    388 words
  • Page 17 Miscellaneous
    • 217 17 CRYPTIC CROSSWORD 27 Firm spun threads 8 Old king a scoffer, so room breaking all rules (5) 28 Theatre worker respecting more influential (7) yfotpoav« om i rnnw' craft in the German male (7) 14 Homes for retired women, al- Acrosrl CaotweSLeoouH 9 DOWN ways in order (9) BtoodandtSS? 10
      217 words

  • Page 18 Advertisements
    • 194 18 Choice Location Top Quality For Your Reputation At Tampines Finance Park Set right in the heart of Singapore's emerging financial business hub in the East, capitalize on superb location and establish your 0 business in a landmark of V w^ v f s oWw unparalleled s accessibility and ,4* unrivalled
      194 words

  • SHIPPING TIMES
    • 286 19 Reuters THE Baltic Dry Index (BDI) fell seven points to 924, the Baltic Panamax Index (BPI) dropped 13 points to 954, the Baltic Handymax Index (BHD shed 12 points to 6,734 and the Baltic Capesize Index (BCD was down five points to 1,069. ♦Tianshunhai (built 2000) 172,000 dwt
      Reuters  -  286 words
    • 482 19  -  Friday deadline extended dne to administrative delays By] Donald Urquhart [SINGAPORE] The International Maritime Organisation (IMO) has extended this Friday's deadline for seafarers to obtain proper training certification under a revised international convention, citing lengthy administrative delays. The revised Convention on Standards
      FILE PHOTO  -  482 words
    • 254 19 V» $t i* CWTOWrtkuMon—0.62 -0.02 261 C hum Hup 0.41 unch 1402 Cotco 0.24 unet 4M Freight Unks 0.07 unch 729 UHMngi 0.49 04t 3 IMCNoldtagt-MK 5.60 unch 0 JayaHoMngt 0.19 unch MM KtopaiCorp 3.82 0_22 8643 Kappal Marine 0.22 0.01 1211 MmITM .109 unch 966 Lafcroy Marin*
      254 words
    • 254 19 [SINGAPORE] The Malaysian Port of Tanjung Pelepas (PTP) has taken delivery of two of the largest quay cranes in South-east Asia. The growing Singapore rival has ordered five of the super post panamax quayside cranes along with 15 more rubber-tyred gantry
      254 words
    • 163 19 [SINGAPORE] The chairman of the International Tanker Owners Pollution Federation has thrown his support behind International Maritime Organisation (IM0) moves to introduce a voluntary third tier to international compensation structure for oil spills. Speaking in Brussels at the European Parliamentary Symposium
      163 words
    • 395 19 Merchant vessels displaying 'suspicions behaviour'; no contraband fonnd AP [ROME] US Navy officers intercepted and searched two merchant ships in international waters in the eastern Mediterranean on Sunday as part of stepped-up anti-terrorism surveillance. No contraband was discovered. The US 6th Fleet
      AP  -  395 words
    • 126 19 Dow Jones (JAKARTA] A container ship on its way from Singapore to Indonesia's Batam Island capsized in bad weather, killing the captain, police said yesterday. Local people and police rescued all seven crew on board the Indonesian-registered Jaya Abadi when it went down
      Dow Jones  -  126 words
    • BOOK rewiev
      • 736 20  -  A lawyer with 20 years' experience in ship financing and mortgaging has written a book which should prove useful for those interested in this aspect of the maritime industry, writes muu oom abddllah DIAXAOOM ABDULLAH THE voice of experience often gives the
        736 words
    • 127 20 PACE Firtiai 4 Append* 5 N*«« BSA 6 Gemartrans 4 B'tanq Mas 6 Hangii 6 CMACGM 3 Hyundai 4 COSCO 3 Heung-A 3 Columbus 6 5 Central Ex 6 mhsi 5 CNnaShp, 5 Cougar 6 Hyowa 6 i CWTOofccM 6 WfTC 3 Mmas 4 t Uncr 5
      127 words
    • 13069 25 THEBUSINESSTIMES EXPORT ETA ETA Advertiser VtuK Voyaga TMaphona ETA ETA Advartlsar VniK Voyaga TMaphona SIN OmTk Noma Nama Numbar NumOar SIN DosTn Nam* Mm NumOar NumOar <S=»BS®S88S8l^Sft&8s88^^ To BLUrr HARBOUR (BLU) 20S2 Nn Zaaland Ik ABIDJAN (ABJ) 2003 C«to D'lvolra 07/02 07/03 Tasman O TASMAN CAMPAIGNER *****4 <5-*****22
      13,069 words
    • SHIPS IN PORT
      • 765 27 Vwt Voy Mo Bftti Arrtwl Ptpactirt JM|M Uaftsuri *****5 JC 28/01/700 28/01/1940 Wretm 8 04S02 J03 28/01/8:35 28/0V2040 OunmoMku JM12l J02 28/01/8:45 2I/0V23:59 Ttrwf M2032 J02 28/01/7 JO 28/0V1640 CJtri «M JbOKM J02 28/0VW45 28/01/2359 Rom Frttgft If J02 28/01/9:55 28/01/17 JO victory I JbOW7 J02 28/01/10:35 28/01/23.59
        765 words
      • 1950 27 receiving of export fcl CONTAINERS AND La CARGO Bootlng/BoUnco Rstts SWp VoyHo Etb/Btr Nflod Prw To Frow *a mobcik o*u who 27 moo vmat zi/mo u a/mo wow 21/0100 a 27/1700 20*459 20/0900 I 21/0700 21/H59 2t"^0C 4 21/1200 20/M59 21A700 ia MACN0UA 04*1 29/2340 a/800 27/*5» a/1900
        1,950 words
      • 364 27 Carta* NO Mu 90CJ U) OJ 0.05 66 0.03 Jm 24 Doaitty Mar BotMw niliniiiiliiliw Irt—I *> OS 0 0 0 0 0 0 380 Aw 964.1 0J 13.4 0.05 2S 0X2 [i 300 Ma 990.4 1.6 XI2 0.07 71 0X4 M/in %1fi %mfu H/U WW
        364 words
      • 218 27 February 1 Malaysia: Federal Territory Day Mrwiyl New Zealand: Waitangi Day FatnuiyU Japan: National Foundation Day Taiwan: Chinese New Year Eve Vietnam: Chinese New Year Eve FtkiuyU Brunei: Chinese New Year China: Chinese New Year Hong Kong: Chinese New Year Indonesia: Chinese New Year Malaysia: Chinese New Year
        218 words
      • 780 27 THIS report, compiled by Cockett Ma line Oil Ltd. shows price rangea In US dollars instead of single prices for a more comprehensive description at the market Prices shown are baaed on averagesixed stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        780 words
    • AIR & LAND transport
      • 124 28 AFX [SINGAPORE] The Singapore government will extend third party war risk liability insurance cover to Singapore Airlines and its units Silk Air and SIA Cargo beyond the scheduled end on Jan 24, the Ministry of Transport said. The ministry said the
        AFX  -  124 words
      • LOG Book
        • 65 28 Reuters [LONDON] Britain's Rolls-Royce pic, the world's second-biggest civil aero-engine maker, said yesterday it had signed a 15-year deal worth US$25O million with Air Canada to maintain its Trent 7728 engines. "This total care agreement with Air Canada increases the number of international airlines benefiting from
          Reuters  -  65 words
        • 86 28 Bloomberg [JAKARTA] Garuda Indonesia president director Abdulgani said he resigned as part of the state-owned carrier's preparations for a public share sale. In a speech to parliament, he also said 2001 profit rose 10-fold. Garuda's profit rose 10-fold last year to 499 billion rupiah (US$4B
          Bloomberg  -  86 words
        • 146 28 Bloomberg [YOGYAKARTA] Garuda Indonesia has decided to suspend its flights from Bali and Jakarta to London and Frankfort cm the back of a drastic drop in the number of passengers in the wake of the Sept 11 tragedy in the United States. The suspension
          Bloomberg  -  146 words
        • 122 28 Reuters [SOFIA] Bulgaria's flag carrier Balkan Airlines, in receivership since March, said yesterday it might face a new financial crisis unless it gets court approval soon for a rescue plan that would allow it to obtain new loans. "The (May by the court in approving
          Reuters  -  122 words
      • 360 28 Bloomberg [SEOUL] Korean Air Co will increase flights to London, Frankfurt and other European cities to meet an anticipated surge in demand from fans travelling to watch the soccer World Cup being co-hosted by Korea in June. The Seoul-based airline
        Bloomberg; AFP  -  360 words
      • 410 28 Foreign firms may boy shares or make direct investment in carriers, says govt AFX [BEIJING] Foreign companies will be able to take stakes of up to 49 per cent in China's domestic airlines, against the current 35 per cent, once
        AFX; REUTERS  -  410 words
      • 422 28 Boeing unlikely to get new orders during Bush's visit next month Bloomberg [BEIJING] China will reduce aircraft orders over the next four years in a bid to limit overcapacity, suggesting Boeing will not receive new orders in connection with US President
        Bloomberg  -  422 words
      • 295 28 AFP [LONDON] Britain's Transport Secretary Stephen Byers is considering proposals to build three new runways in the south-east of England, the British press said. An early draft of a government aviation study, published in the press, set out a range of options
        AFP  -  295 words
      • 1675 28 S0325 835 S0326 1240 mm 1700 M7305 2250 on rucMT eta Fucm no J? S***** itoo uma ax "J™ "30 unot »25 S026 2350 Ma 030 Oft US LHTT9 2399 Amsttrim S023 0625 6*974 0130 W4579 2359 KU37 1545 U.S3I 2300 S020W 2» smt Q" wmm
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  • Page 19 Advertisements
    • 327 19 Cap on foreigners' share in China airlines raised to 49% impw China to cut aircraft orders over next four years a ■PH Per Gillstrom has been appointed rnana^'n< 3 director of GreenCarrier Scandanavia, while parent company the BforiuEkland Group has appointed Werner Stoppenbech as chairman ,m he board. Mr Stoppenbach
      327 words

  • Page 20 Advertisements
    • 463 20 m\ OULF/INDIA SUB- CONTINENT i 1 wa w im b m 1 w> vtssa vet ma ond y* ~S IJ! I «iOT»OMaa mi ii/oi 2S/01 5/w ooamrroH \nm 21/01 I u/w I 12/02 e 09QMPM S4WO4 10/01 I 17/02 I It/U «nv»GO 5H 31/11 02/02 10/01 IHHiiJ *o«tiQT»rMA<iA oti 07/02
      463 words
    • 620 20 lines services represented by gjSka Member* of Ragislry of Shipping Agents, Singopore Shipping Association Members of the Singapore Logistics Association dffß ULY IN NUUI Ivnsa voy leu eu Tiw P. DANG SPOKf MALI Princess Lily V 0202 06/02 09/02 16/02 Empress Lily VOlO2 25/02 26/02 06/03 -c 5 Princess Lily
      620 words

  • Page 21 Advertisements
    • 729 21 TO USA (SAX SERVICE) vtssa vor smm lax oak dal hou cm ax aia aji myc AftCANAPA 10« 30/01 14/0? 19/02 19/02 19/02 19/02 20/02 19/02 21/02 21/02 AUSCOTUNO 10M 00/02 21/02 24/02 20/02 20/02 20/02 27/02 20/02 21/02 21/02 AfICTPtME KMC 13/02 20/02 05/03 05/03 05/03 05/03 00/03 05/03
      729 words
    • 1336 21 mm f/i tit mots 1 mrnm T/tiismvi I gr AMU 1 T/t 114 MTS J WWMKOWWtn-W SAUS/MWS HL *****57/43 FAX: *****21/7 I MALAYSIA Off Kl PASS GUDAN6 T&O7-3SMIM FAX: C7-ISMI7O COSTAR SNIPPING HI LTD our*At#d/u «»$m ms3is/7$ nctuang iHnuui ohkdm a NO: **********0 M TH: *****99 (MAM) MWA»(D/0) *****04 *****19/49
      1,336 words
    • 314 21 KMTC is launching a new fixed day direct service from Port Kelang Pasir Gudang Singapore to Shanghai with first sailing 'KMTC Hongkong' Voy. 20IN ETA Singapore 30th January 2002 SlaMMft U+tt> Mil ill. Mmi «Mm*M Ma NM Maiaci SH»»laa Aa»id«i PH iW. IakIIMSSO 0-OIW OOWWJ t»r(Hi) OM4MMSM tM Cnt«Mni o—4
      314 words

  • Page 22 Advertisements
    • 995 22 HAfAT HYUNDAIMERCHANTTMARINI^Oj^TD^^^^ IVBSB VOT 1M 1 SOU I 181 MB AW 188 MV~j IVCSa VOT I SOU lU> 1 WM ]MW >MMI |tV SM «tw iosw 01/01 li/n 21/0220/02 21/02 0l M *«7i '2/oi m/oi 20/01 nmi sow 01/02 22/02 n/n 17/02 10/02 *<■« i« v/m 12/01 10/01 ji/oi NTIMMB
      995 words
    • 562 22 mmmmm «n vot na m us mm am "asuopsbs isu sub sai» 5/ii jmi S^T 152 A 04/02 02/01 10/02 M/ 02 ISM 10/02 K/02 20/02 21/02 IS4A 27/02 25/02 03/03 04/03 vcsa wr am mm mmta wm mm nmh mmsi nmr HHUOOO 1/02 SUB 10/12 12/02 13/02 u/02 HttAIUS
      562 words
    • 531 22 w WEEKLY EXPRESS SWUNG SCHEDULE ALSO ACCHTMG TO Ml NORTMBM MB UESTBM CD PORTS HI TO COCHM. TUTCOMR Hi COLOMO 4 URDU Ma RHEM SHEW «i «n rrai Icouaaol um| ammam IflmT «—i M M 4fß tIB ltd HMD MK CNF9B sacra nisi m nmreuu wins nn isra itn Bmb
      531 words

  • Page 23 Advertisements
    • 1470 23 fvWol vfrr 1 16*4 I HKd I fan I hi I b)tt I HI I bMM I tk I ■AN KBUMAN KL-344 27/01 5575? ***** ***** 09/02 10/03 12/02 14/02 MAM ISFAHAN KL-243 03/02 06/02 09/02 10/02 17/02 11/02 20/02 22/02 ■AN HOMAAOZOAN KL-346 09/02 12/02 16/02 17/02 24/02 25/02
      1,470 words
    • 318 23 UK CONTINENT SERVICE Looting tor EXPLORER H ROM/ATW/BMNAJKAPt. IKAN BEPAT RDM/ATW/BMNAJKAPL Lo4d» EVW. hrtomrti MIDDLE-EAST SERVICE Looting tor ZEYNEP ANA JDH/AQA/DMT CORAU 081/ABU/DOH/BRN/DMM/KWT JIN SHUN HOOEIOAH/JEDOAH/AQABA PAN EXPRESS Oei/ABU/DOH/BRN/DMM/KWT ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT •Lo«d« Sfcigapofß. E7W mdonaf USA SERVICE Loadbigtor ASIRAT CAM/NFK/SAV/NOL/TPC YELLOW KNIFE CAM^RVSAV/NOt ALGARVE VCW/LAX/MZL *Load» Mataywa, IndonaaM F.E./S.E.A.
      318 words
    • 622 23 vrai sh SL ESi jam, m mi xi Bg=Sbi js B SttflOU MAUNA VUAG K» =fe—=ll =gg= I u/w I n/w I IW 1 PACC/M7 17/ M 11/13 15/ M J =^S=== J _!I^_ Pot SOC/COC Carvo •eeldnge, Mmm Calk ZP'f* a* ril-7*> 111 1..II1»H OM-44S »11 07-231 *711 Mkmhmm
      622 words

  • Page 24 Advertisements
    • 980 24 BMB mat VOMI MV MM M AM mkk \m tw nm ivb i%« in mow ao«M- ■ANNUA VW4I3* (MB mm 1V« iv« sow it* mm- nmnmnm- OOKDBStt M4MV I\M 71/MHM&M rawer mm imj nm a® Also aooapttng cargo to Doha, Sha/)ah. Kandte. Kuwait Bandar Abbas. Muscat via Dubai, Riyadh via
      980 words
    • 555 24 SSiMMAiiDiL JSKZ IJHSIZ ZzBBH ZESZ IMIZ ffiisa jaTli l ra wi -m— 3SSS& m wa -HM km ros rm «g M^fr3CT=frtt=*Hfrfr«= I I f i.l»6* >■*■■* lis lii I JUKI m Ml HOU HOI MV wt wn ag ta^»pblld«M,NlSd^h«Mh—■HKK.tKl«**tt4 B,>ORE SSltojrr2lqilL 3290 HM «2 A oo <">*>" MOONESA: FT SAMUOBU
      555 words
    • 473 24 BSA x MYANMA FIVE STAR UNE (ipMr Nattearf Um) W hr YwfM rasa vot sn m km pes BOBSU 4IW SID OM SINK NMW S4W SU BAIATSIA AfiBHV KMSTUD SNBFM6 MBHES Ot IE M-*****3M WL TH 03-*****141 fßt m 04-*****02 POfe TH 07-2512J21/4 tg| BANK LINE tl Imknm WMr TUppl
      473 words



  • Page 27 Miscellaneous
    • 109 27 jMFQfI^AM^9JAN2OO2^^^\ LEGEND: taaued by Meteorological Service Singapore K Thunderstorm Showers /C\ Rain emperature Wind direction and speed in Knots Cloud, D., \»ndVs>od symbols O Full circle w/o line indicates calm or light and variable winds J—-One half fleche represents 5 knots IW'-- Moderate, 1 2m 2 5m I —»One full
      109 words