The Business Times, 31 January 2002
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2002-01-31
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The Business Times
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Title Section15 2002-01-31 1 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg/ THURSDAY, JANUARY 31, 2002 MIT A (P) 107/03/200115 words
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Article79 2002-01-31 1 an 1,756M (-15.63) BT-8BI 717.22 (4.99) ST INDEX rUTUKES 1,***** (-16.00) SDDC1FUTOBES 220.40 (-2.50) STOCK HABKET INDICES Wednesday Chan ire KLSE COMP 710.00 *68 NIKKEI 225 9J19.48 -106.55 HAM SENG 10,756J6 -257.28 SET INDEX >4a« +0.71 JAKARTA COMP -***** -142 MANILA COMP _lyJ07.ll +172 TAIPEI WPI 5,***** -JSi279 words
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Article68 2002-01-31 1 FOKEX BATES USI ss USS (SS per US8) L8S2 £(USS/SS per L414 1580 EURO(USS/SS/E). 0.86i lift DM 1261 1.234 YEN 1J2.B 7160 RM 3JOO 1074 HKS 7.799 4.257 BART 44.01 24.04 RUP1AH 10,323 5,633 PUKE BATES SINGAPORE* 614 KUALA. LUMPUR 6.40 HONG KONG 5.126 JAKARTA 39.00 TAIPEI 6.726 TOKYO68 words
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924 2002-01-31 1 Shoeb Kagda - Plan will help Indonesia build up IT and electronics mannfactnring base From Shoeb Kagda in Jakarta THE US and Singapore Free Trade Agreement (FTA) may include parts of Indonesia under a plan that will deepen and widen economic ties between924 words
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356 2002-01-31 1 ASIAN markets suffered heavy losses yesterday following Wall Street's overnight slide on growing concerns about the accounting credibility of some major US companies. Japan's Nikkei 225 stock average fell 1.1 per cent to 9919.48, the first time it has dropped below 10,000 in356 words
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Article658 2002-01-31 1 Lee Han Shih - HOCK LOCK SIBW But only if ST Telemedia wins Global Crossing, giving it heft at home and abroad, says Lee Han Shlh Lee Han Shih IF ST Telemedia gets its hands on Global Crossing, it stands a good chance of challenging Singapore Telecom as the658 words
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435 2002-01-31 1 Hopes rise that recession may have run its coarse Bloomberg Reuters [WASHINGTON] The US economy unexpectedly expanded in the fourth quarter as consumer and government spending surged, a sign the recession that started last March may have run its course. Gross domesticBloomberg; Reuters - 435 words
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Page 1 Advertisements
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Advertisement94 2002-01-31 1 DBBPB Corporate Accounting Exec warned Global Crossing of financial cover-up in August. Pg 3 Andersen fighting for survival. Pg 3 Enron saga Congress to sue White House for records. Pg 19 Stephen Cooper: Just the superman for the CEO job. Pg 19 Top Stories State of Union Address: Bush avoids94 words
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Advertisement15 2002-01-31 1 Exec warned Global of financial cover-up, Pg 3 Market suffers Wall Street fallout, Pg 615 words
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Advertisement135 2002-01-31 1 Keppel Corp shines /I V $3 E CpCS IviP ># a v *Tw(1 pVrv v j w^L —Js^g v i555?* [SINGAPORE] Keppel Corporation executive chairman Lim Chee Onn (left) and group financial controller Teo Soon Hoe beaming as they head into press conference to announce the conglomerate's 171 per cent135 words
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Advertisement18 2002-01-31 1 Fed interest rates VS interest rates cut or left on hold? To find out, tog on to http://business-times.asiaLcom.sg/18 words
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NEXT page
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Article, Illustration567 2002-01-31 2 Leon Hadar - State of Union Address He calls instead for reform of pension system, more financial disclosure From\ Leon Hadar in Washington REFLECTING the political and media strategy devised by his top aides aimed at distancing the White House from an explosive political and financial scandalAP - 567 words
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775 2002-01-31 2 Leon Hadar - Leon Hadar But he still faces hurdles in Congress, says Leon Bidir in Washington LAST year, when the newly-elected President George W Bush delivered his first address before Congress, most pundits dismissed the former governor of Texas as an "Accidental President". He was775 words
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ON THE grapevine
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Article94 2002-01-31 2 SINGTEL subscribers who block their collect and international calls have to pay handsomely for the privilege. A customer who wants to make sure that no such calls get through say, to control the size of his phone bill has to pay $12 per quarter per lock.94 words
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Article58 2002-01-31 2 ANOTHER computer virus is on the loose. It has the following characteristics. Subject: new photos from my party! Message: Hello! My party... It was absolutely amazing! I have attached my web page with new photos! If you can please make color prints of my photos. Thanks! Attachment: www.myparty.yahoo.com.58 words
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Page 2 Advertisements
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Advertisement253 2002-01-31 2 A dragon in its awakening, China offers boundless economic prospects. However, making that first step into a foreign culture requires more than financial investment information is the crux of any cross culture business. If you are planning a thrust into the China market, join this China seminar series for valuable253 words
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Advertisement9 2002-01-31 2 Copgre— to sue White House for records, Pg 169 words
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FOCUS corporate accounting
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Article, Illustration351 2002-01-31 3 Bloomberg [NEW YORK] PricewaterhouseCoopers LLC, the biggest accounting firm, will accelerate a plan to spin off its consulting business in a share sale that could raise as much as US$lO billion, people familiar with the company said. Samuel D DiPiazza Jr, theBloomberg; AP - 351 words
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Article499 2002-01-31 3 Reuters Integrity is the lifeblood of accounting firms, and the venerable Andersen is seeking to recoup a reputation sullied by the collapse of energy trading giant Enron Corp. Andersen took out full-page advertisements in major US newspapers on Tuesday to publish an "open letter" that admittedReuters - 499 words
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606 2002-01-31 3 Company denies accusations of deceptive accounting practices detailed in ex-VP's letter LAT-WP IN an apparent replay of the accounting debacle at Enron Corp, a finance executive at bankrupt Global Crossing Ltd warned the firm's top lawyer last August that the company's financial condition wasLAT-WP - 606 words
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Advertisement100 2002-01-31 3 interest-free instalments. i Hp;/ iw% i Time is on your side. i--. ;r mm mm #1 (|l| Enjoy the convenience and flexibility of 12 months interest-free instalments on your Bose* Lifestyle® Systems purchases with any of the following credit cards below. There's never been a better time to your audio100 words
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SINGAPORE companies
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Article, Illustration590 2002-01-31 4 David Boey - To position itself for growth, it plans to set np plant in Shanghai region By\ David Boey GOVERNMENT-LINKED computer chip tester ST Assembly Test Services suffered a quick reversal in fortune to report a record loss of US$l34 million for the year ended DecFILE PHOTO - 590 words
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423 2002-01-31 4 Kalpana Rashiwala - By I Kalpana Rashiwala CAPITALAND'S Australian unit Australand Holdings says current-year profit is likely to "slightly exceed" its result last year, when net profit rose 4.25 per cent to A 581.4 million (SS76 million). Msgor acquisitions, with current projects, will underpin profitability for423 words
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351 2002-01-31 4 Vince Chong - Sale prompted by emergence of new majority owner Vince Chong THE emergence of a new majority owner at Acominas Nat Steel's Brazilian steel venture has effectively forced the Singapore group to cash out its joint stake for $391 million and351 words
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151 2002-01-31 4 FLEXTECH Holdings announced yesterday it has reduced its stake in ASTI Holdings to 56.05 per cent from 67.89 per cent. Flextech sold 25 million ASTI shares, or 11.84 per cent of the company, in a married deal for $9 million or $0.36 per151 words
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Article, Illustration752 2002-01-31 5 Conrad Raj - Net profit jumps 171% to $385 m despite a 5% foil in revenues By Conrad Raj AT a time when profits are hard to come by, local conglomerate Keppel Corporation posted a scintillating 171 per cent increase in net earnings to $385 million. This is despiteARTHUR LEE - 752 words
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265 2002-01-31 5 Teh Hooi Ling - It successfully tests 3G packet data call, the first in Asia By' Teh Hooi Ling SINGTEL Mobile said yesterday it will spend about $350 million to roll out a third generation (3G) mobile network over the next three years, as it became the265 words
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196 2002-01-31 5 Andrea Tan - Byi Andrea Tan SG Securities, which is laying off 150 staff across Asia, has dropped its coverage of the property and petrochemical sectors. Sources say the property research team in Singapore and Hong Kong has been axed, and coverage of the petrochemical sector will cease.196 words
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COMPANY Briefs
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Article113 2002-01-31 7 CHEW Eu Hock said it is buying five property companies under Hiap Hoe Holdings for an estimated 186 to 1106 million. The acquisitions will be paid with new CEH shares, up to 75 per cent of CElfs enlarged capital, with the rest to be paid113 words
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88 2002-01-31 7 CLIPSAL Industries (Holdings) and GP Batteries International have agreed to acquire a combined 6 per oent stake to TCL Holdings Corp of China. Clipsal and GP will each take a 3 per cent stake to TCL for 49.26 million yuan (SIIO.B million). The acquisition88 words
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Article67 2002-01-31 7 AFX GLOBAL Tech (Holdings) Is in talks with a party interested In acquiring a stake. "No binding agreement in relation to the proposed subscription has been entered into," it said yesterday. "The proposed subscription may or may not proceed and shareholders and investors (should)AFX - 67 words
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Article54 2002-01-31 7 Dow Jones Newswires L&M Group Investments has obtained in-principle approval from the Singapore Exchange to place out 22L2 million new shares at 12.06 cents each to Kim Eng Securities. LAM shares were suspended from trading pending the announcement It has asked for a resumptionDow Jones Newswires - 54 words
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78 2002-01-31 7 Reuters PARKWAY Holdings' former managing director Tony Tan Choon Keat bought 70,000 shares in the Singapore health-care group at 92 cents each on Jan 23 and 24, according to shareholding declarations made to the Singapore Exchange. Dr Tan now holds 2.435 per cent ofReuters - 78 words
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Article93 2002-01-31 7 Reuters COSCO Investment (Singapore), the locally-listed am of China Ocean Shipping Group, has divested its stakes in two companies to focus on shipping and shipping-related activities. It said yesterday it had sold its 80 per cent stake in Cosco Trading for $2.25 million and itsReuters - 93 words
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237 2002-01-31 7 Vince Chong - Its stock jumps 11% on heavy volume prior to announcement Byy Vince Chong WATER treatment specialist Hyflux announced yesterday that it had formed a consortium to bid for Singapore's first desalination project involving the supply of 136,380 cubic metres of desalinated water237 words
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295 2002-01-31 7 Reuters [MANILA] Globe Telecom Inc, the second largest telephone firm in the Philippines, yesterday unveiled a near tripling of its net profit to 4.3 billion pesos (Ssls4 million) for 2001, thanks to soaring mobile phone sales growth. Analysts said they expected theReuters - 295 words
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134 2002-01-31 7 CREDIT Lyonnais has dropped a plan to issue 15 miUion European-style call warrants on United Overseas Bank, dealers said yesterday. The warrants, for listing on the Singapore Exchange, were to have been distributed in lots of 1,000 by Deutsche Morgan GrenfeU. The premium would134 words
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Advertisement270 2002-01-31 4 THE MONETARY AUTHORITY^^Na^OWE| Results of tender for taxable book-entry Government Bond 2002 due 15 January 2009 to be issued on 1 February 2002 HP fais Tenor approx. 7 years Amount Offered Allotted *****,000,000 Amount Applied 551,217,678,000 Interest/Coupon Rate 4.375% p.a. Average Yield Price 3.68% p.a. and on Allotment 104.433% ;v270 words
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Advertisement108 2002-01-31 4 PjL .ft* > Enjoy (fie romance 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, with free Bow of refreshing Calamansi juice, to complete the meal Only108 words
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Advertisement74 2002-01-31 4 /Fantastic value! I can enjoy salads, ice cream, bed desserts ■w to fcooang and tau suon, On ontar of any local or «Mhm defight from $4.90. Mon-fri: Lunch from 11.30 am onwards For reservations, please Mi <"*****38 J Wintooß 401 MacPkmon RoaJ, Singapore *****5 Tel: 343 00M Fax: 343 003374 words
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Advertisement52 2002-01-31 4 Restaurant Mandarin Singapore JJW rSCBW^SBBfis'^ ***,',TV S 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 on predictions. K h -1 Advertise in Wine, Dine Entertain -,4 of The Business Hmes and reach out to 117,000 readers daily. v, Contact Patrick Ang 740 1284 or Amy Choo 74052 words
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Advertisement156 2002-01-31 5 Mercedes-Benz is a trademark of PaimlerChrysler. ■■Mm 1 I i' ii iHiiii H lii inW^ 'y/f ->*' s 7 >.«' v J v s For a select few, doors open automatically. h > 1< < -"ir s?' ,i K Keyless Go is a unique credit card sized This state of156 words
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SINGAPORE markets
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Article, Illustration306 2002-01-31 6 OTHER SINGAPORE INDICES Jan 30 VALUE CLOSE BTOftOS ***** +85.00 BTCADI -*****.00 -11Q.QQ BT10-*v MA -*****.00 +33.00 /MUCrpMn 460.31 -3.91 MBpawBwl 162.40 ♦1^26 1529.29 -14.22 475.33 -13.18 «a«Bpp— 220.39 -1.88 WHOFbIH 220.40 -2.50 ASTIlOc 37,474.000 A£M£vertecti 5c 19.409.000 Hyflux 5c 18.798,000 Cytech HK5c 17.926,000 Fu Yu Mfg 10c 17,110,000 Chart306 words
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Article, Illustration310 2002-01-31 6 R Sivanithy - HOT STOCK/ WARRANT By] R Sivanithy CONVENTIONAL wisdom has it that a "hot" stock is one that is either in play, or is being manipulated, or is enjoying high trading volume. Going by these criteria, today's feature is by no means "hot" volume has310 words
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Article, Illustration719 2002-01-31 6 r. sivanithy - I:l i comment STOCKS r. sivanithy CORPORATE transparency fears, rumours of cornering and the resilience of local blue chips in the face of Wall Street's weakness these were the main features of an eventful session yesterday. On the corporate governance front, funds are said to719 words
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Article, Illustration591 2002-01-31 6 larry wee - l>il comment CURRENCIES US unit retreats below first support at 133 yen larry wee WALL Street's sharp fall overnight put US dollar bulls on the defensive yesterday, offering most of the greenback's major counterparts some relief but widespread talk of central bank purchases leftSource: Reuters - 591 words
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Article3020 2002-01-31 6 UNIT TRUSTS FUNDS A*NA«ro AM Mgt (S'pore) Star Europe Eqty!* 077W Star Europe Bd 0.949/ Star Europe Bal 0857/ Star Atian Tiger Eqty 0 79» Star Asia Bond 1.23* Star Asia Balanced 0849/ Star OloW Technology Fund OJOV Star Shy Finance Japan Fundi** 0 7« AM Govott (Ma) Ud. Govett3,020 words
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Advertisement82 2002-01-31 7 A CtMvrertTfc»o Company What Drives You w A, > Dinner with Geri Enjoy a live and exclusive performance by Geri Halliwell at the Golfers with Heart Charity Gala Dinner on Tuesday 19th February at the Ritz-Carlton Grand Ballroom. There will also be an auction of memorabilia from Geri, Tiger Woods,82 words
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Advertisement270 2002-01-31 7 it, University flv| of Michigan BttsincM «tan us in Asia 2002 to find solutions |v i N to your buaineea praUeme The Micfugan Business School 75 years of hntory delr»nng effective sotulwns to top business axecutnes Phuket, Thatand Senior Executive Leadership Program in Asia March 11 22, 2002 Rnance for270 words
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EXECUTIVE suite
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Article, Illustration369 2002-01-31 8 Andrea Tan - The Jhunjhnuwala brothers will launch 46 freehold apartments in River Valley after Chinese New Year By Andrea Tan THE Jhunjhnuwala brothers of Hind Development are planning to launch 46 freehold apartments along River Valley Road averaging about $1,000 per square foot after369 words
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482 2002-01-31 8 Andrea Tan - US firm's Asian arm talking to S'pore, HE parties Byl Andrea Tan ALTHOUGH its Asia-Pacif-ic headquarters is in Singapore, serviced apartment operator, Oakwood, doesn't manage or own a single unit here. But that could soon change. "The mandate for our business development people is482 words
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Article591 2002-01-31 8 DEVELOPER/ OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE IMRJim (Sd ft) LAUNCHED UNTTSSOLD (Spsf) Queens AJIgreen Properties 3 C'weatth Ave/Stifling Rd 914-2,723 722 901 548 99-yr Abode at Devonshire TTH Devt 9 Devonshire Rd 1,012-2,756 26 4 1,288 FH 38 Draycott Drive Sing591 words
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Advertisement238 2002-01-31 8 153| Nanyang Business School jS# Nanyang Technological University Executive Programme The Nanyang Executive Programme provides advanced husinotin teaming w with excellent take-away value for s' himedtateaswelaslonfltefmooiporate f appicattoaThesllmuMinßahnoaphere X I of collaboration between participants md faculty is tfisoorilMt tor our focus on the Asian business perspective.' Course Highlights Course Dates238 words
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Advertisement91 2002-01-31 8 PREMAS INTERNATIONAL No. 1301 Bedok North Avenue 4 Transport Depot No. 172 Sin Ming Drive Transport Depot For enquiries, please call 2329 088 Sole Marketing Agent PREMAS International Limited FREEHOLD SHOPHOUSE FOR SALE/LEASE I No. ***** Jalan Klapa I I 2.5 storey shophouse I 1 Land area: 2.315 sqft: Built-in:91 words
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Advertisement82 2002-01-31 8 4 up PI Republic Plaza 29th Levd. Approx. 4,855 sqft Singapore Land Tower 34th Levd. Approx. 5,641 sqft Amoy Street (China Square) 4 Storeys Internal Lift. Approx 20,177 sqft built-in. UOB Plaza II J 26th Level. Approx. 2,000 sqft. J OUB Centre t Various Floors. Approx. 5,000-10,000 sqft 1 Phillips82 words
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Advertisement168 2002-01-31 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE NIKKO SECURITIES (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50, the Final Meeting of the members of168 words
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SINGAPORE news
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517 2002-01-31 9 Vikram Khanna - Prognosis for Asian economies, US and Enropealso upgraded By' Vikram Khanna US investment bank Goldman Sachs has raised its GDP growth forecast for Singapore this year to 3.5 per cent, from an earlier prediction of 0.2 per cent. Citing its "growing conviction that517 words
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168 2002-01-31 9 Adeline Chia - Byi mrn Adeline Chia THE Ministry of Trade and Industry has appointed five new board members to the Economic Development Board for two years, effective Feb 1 this year until January 2004. The newcomers Charles Bergh, Goh Aik Guan, Ramon Jocson, Andrew Witty168 words
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332 2002-01-31 9 THERE will be no let-up in security spending despite the economic downturn, as security is the first concern of any country, said Deputy Prime Minister Tony Tan yesterday. Visiting the Civil Defence Academy, he said: "We (the government) are mindful of the economic situation,332 words
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335 2002-01-31 9 THE National Science and Technology Board not only has a new name, but also new priorities. A*Star the acronym for NSTB's new moniker, Agency for Science, Technology and Research will focus on fostering world class scientific research, developing top grade talent and creating335 words
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Article, Illustration265 2002-01-31 9 Andrea Tan - Visitor arrivals 1 drop slows in Dec 3 on the enonomy tourism By Andrea Tan THE fall in visitor arrivals slowed to 3.5 per cent in December from 14.7 per cent the month before. Last month's 667,148 visitors brings 2001's total arrivals to 7.5 million, 2.2 per cent down fromSource: FTA - 265 words
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Article, Illustration195 2002-01-31 9 THE visiting Indian Minister for Shipping, Mr Vedprakash Goyal, yesterday urged PSA Corporation and Singapore businesses to get involved in India's port privatisation and infrastructural projects. He said shipping and ports are taking on a new image in India with aCHRIS LOH - 195 words
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458 2002-01-31 9 Eugene Low - Prospects hinge on strength of global economic recovery Reports by Eugene Low THE outlook for Singapore's chemical cluster this year remains uncertain and hinges on the strength of the global economic recovery, the Economic Development Board said yesterday. The sector had a difficult time458 words
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165 2002-01-31 9 THE Economic Development Board (EDB) is in "close talks" with Shell Chemicals and Sumitomo Chemicals about a setting up a petrochemical cracker here. 'It is essential to continue to boost our primary feedstock base and we are working towards realising the project," EDB165 words
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Advertisement96 2002-01-31 9 r~ Zs '< h < f V V COVVANDINC. TIMI DISCOVI IV IN f. lIS *->1 CHI T'. HI VI A I I N(. IHI M TO T IV U I CONNOI*»St UIVS Ol I ICINI PA N I IV A I A AOHhSHOI' THAT TRANSI OWMS lOt AS INTO96 words
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EDITORIAL & opinion
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Article, Illustration745 2002-01-31 10 frank ching - mr:-i I bottom line OPINION frank ching The writer is a Hong Kong-based journalist and commentator IN an unusual move, China in recent weeks twice denied visa applications by a group of South Korean lawmakers. Relations between China and South Korea have been good745 words
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Article84 2002-01-31 10 Stephen OMpor 'Enron has real businesses with real value.' Stephen Cooper Enron's new CEO, who will steer the fallen energy giant through bankruptcy court, a battery of shareholder lawsuits and a criminal probe. 'It's the first time in the history of our country that these people are84 words
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Article596 2002-01-31 10 EDITORIAL IS Sesdaq, the junior board of the Singapore Exchange (SGX), an anachronism that has outlived its usefulness? And should it be scrapped? Although this view has been around for some years, it received official recognition last year when it was announced in Parliament that596 words
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Article, Illustration1263 2002-01-31 10 Kala Anandarajah - That's when major corporate disasters like Enron occur which is why an independent audit group keeping a check on the guardians is so necessary By Kala Anandarajah The writer is an executive partner in Singapore law firm Rajah A Tann and author of' Corporate Governance—A Practical Approach,REUTERS - 1,263 words
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Article825 2002-01-31 10 Robert J Samuelson - OOMMBIITART Learn Enron's lesson-check the overuse and misuse of stock options By\ Robert J Samuelson Washington Post Writers Group AS the Enron scandal broadens, we may miss the forest for the trees. The multiplying investigations have created a massive whodunit. Who destroyed documents?Washington Post Writers Group - 825 words
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REGIONAL news
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NOTE Book
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107 2002-01-31 11 Reuters [KUALA LUMPUR] Malaysian property and plantations group 101 Corp Bhd said yesterday it may try to keep its 60 per cent-owned Palmco Holdings listed, despite Palmco not meeting shareholder spread rules. 101 executive chairman Lee Shin Cheng was quoted by Bernama asReuters - 107 words
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Article74 2002-01-31 11 Reuters [KUALA LUMPUR] Malaysia's largest lottery operator Magnum Corp Bhd said yesterday it had not heard from the government on its appeal to allow the company to resume gaming operations in the eastern state of Sabah. But market talk that the company was closeReuters - 74 words
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68 2002-01-31 11 Bloomberg [KUALA LUMPUR] Malaysia's state debt mediator is sticking to a July 31 deadline to complete reorganising RMIB billion (SsB.6 billion) of overdue debt at Lion Group, Johor Corp and 10 other companies. The Corporate Debt Restructuring Committee said it had succeeded in reorganisingBloomberg - 68 words
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Article81 2002-01-31 11 Reuters {BANGKOK] Thailand's state-run Board of Investment (BOD said yesterday it had relaxed conditions for foreign car makers to obtain tax incentives in a move designed to make the country a regional auto hub. The 801 said in a statement that foreign auto companies seekingReuters - 81 words
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Article70 2002-01-31 11 Bloomberg [JAKARTA] Indonesia plans to speed up the sale of the government's stakes in telecommunications, property and pharmaceutical companies to raise funds for the state Budget State Enterprises Minister Laksamana Sukardi said. Last year, the government sold 3.5 trillion rupiah (Ss62o million) of assets, shortBloomberg - 70 words
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72 2002-01-31 11 Bloomberg [HONG KONG] The Philippines will remain on a 1 money-laundering black list compiled by the Financial Action Task Force, dashing Manila's hopes it could join the global war against terrorist financing. The 31-member body of nations and regional groups, based in Paris, made itsBloomberg - 72 words
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415 2002-01-31 11 KUALA LUMPUR Managing director says results of audit won't be swept under the rug AP ALMOST a year after the government took control of Malaysian Airline System Bhd, its top executive said the company is still looking into transactions dating back to 1995.AP - 415 words
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Article, Illustration290 2002-01-31 11 JAKARTA Bloomberg INDONESIA'S Minister for National Economic Planning Kwik Kian Gie said he will resign if Parliament approves a government proposal to extend the repayment period for the country's corporate debtors. The debt extension proposal favours businesses once close to formerBloomberg; FILE PHOTO - 290 words
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399 2002-01-31 11 KUALA LUMPUR Reuters SIZE, economies of scale and spending power are some reasons why Malaysian banks need to go through a second round of consolidation, a regional industry expert said yesterday. "Capital is king and it is going to drift away fromReuters - 399 words
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Article, Illustration1070 2002-01-31 11 Transaction date: Jan 30 tt q Bw TH Om m Whmi fw 1 Ohth fm M OmQ m OMtN— m MtinO* 0.812 <230 0.509 3.865 US2 3576 24.753 52.619 0677 <671 1.937 1223 30.720 24.ITI 0.934 5542 0866 f7J34 22.434 0.36) 05*) CM* 1232 5.212 0.726 4.762 1420 45991,070 words
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Advertisement43 2002-01-31 11 For a copy of the Zenith catalogue, please contact LVMH Watch fc Jewellery Singapore Pte Ltd. Tel: BS2 910S or email: info@zenith-watches.com.sg Exclusively available at CORTINA: Raffles City SS9 9185. Paragon 235 0084. SINCERE: Ngee Ann City 7SS 0618. Lucky Plaza 757 4648.43 words
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REGION world
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183 2002-01-31 12 Biggest China bank hires Ernst Young BEIJING INDUSTRIAL and Commercial Bank of China has hired Ernst Young to audit about a fifth of its business, the US consultancy said, the first time the nation's biggest bank has used foreign auditors for its accounts in China. About a quarter of Chinese183 words
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Article80 2002-01-31 12 AFP [HONG KONG] Hong Kong Chief Executive Tung Cheehwa defended his leadership style yesterday in the face of wide criticism that he was too soft to maintain prosperity in the former British colony. Mr Tung, seeking a second five-year term, told the 800-member election committee, taskedAFP - 80 words
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Article, Illustration588 2002-01-31 12 Anthony Rowley - Markets jittery as BOJ governor says govt, bank most dose ranks in crisis Fronn 7UI. Anthony Rowley in Tokyo JAPANESE Prime Minister Junichiro Koizumi's surprise decision to fire his foreign minister and political any, Makiko Tanaka, has added a strong element of politicalREUTERS - 588 words
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ASIA Notes
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57 2002-01-31 12 Bloomberg [TAIPEI] Combined bidding by six local companies for five third-generation mobile phone licences reached NTJ43.9 billion (552.3 billion) after 122 rounds, exceeding the minimum price by almost a third. Bidding by Chunghwa Telecom, Taiwan Cellular, Yuan-Ze Telecoms, Asia Pacific Broadband Wireless Communications, TaiwanBloomberg - 57 words
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70 2002-01-31 12 Bloomberg [HONG KONG] Pacific Century CyberWorks will have prepaid half of its US$4.7 billion of bank loans in February after raising US$l.7 billion in bond sales in the past three months, a company document showed. The loans are linked to its purchase of Cable WirelessBloomberg - 70 words
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62 2002-01-31 12 AP [HONG KONG] The government-owned Kowloon-Canton Railway Corp has ordered an independent investigation to determine whether KCRC officials erred in agreeing to make millions of dollars of extra payments to its contractors if they failed to meet deadlines for the West Rail projectAP - 62 words
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48 2002-01-31 12 Reuters [HONG KONG] China Petroleum and Chemical Corp laid off over 50,000 employees last year, beating its target 0f27,000, a company official said yesterday. Sinopec, China's largest refiner, aims to cut 100,000 jobs, or 20 per cent of its workforce, by 2005.—ReutersReuters - 48 words
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228 2002-01-31 12 SHANGHAI Reuters CHINA yesterday published detailed rules for foreign banks, saying their branches must have at least 600 million yuan (Ssl32 million) in operating capital before they can conduct a wide range of businesses. Qualified foreign banks will be able to conduct all formsReuters - 228 words
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Article, Illustration488 2002-01-31 13 NEW YORK Gerstner leaves post in March but will stay on as chairman till year-end Reuters INTERNATIONAL Business Machines Corp said on Tuesday that chief executive Louis Gerstner, who led a massive turnaround of the once-ailing computer giant in the *****, will step down– Reuters - 488 words
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Article1526 2002-01-31 12 nOQMWTUBEi Jan 30 mieihhni<nwh|Fke) ISSlOcMtsAD CMaa Mam OpM mt> iw Satt 0—m) latanat Fa002 R0k29 Mar 02 HUD Apr 02 mn Nay 02 -112.25 RSSSflScaatVN) VaMaa OpM Meat* MH In Ml ft J ttarwt Fa602 91.75 MO **02 5175 51.75 59JO 50 (750 Apr 02 <175 MJO 40.75 J751,526 words
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Advertisement154 2002-01-31 13 I I For over 20 yean, our qualified professionals have been assisting clients to venture offshore with confidence by providing consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial, banking and professional154 words
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Advertisement149 2002-01-31 13 I Never Before... -nil L IB H mm*, m iMfcr.. #g| —.j***- ilii,-, V^^nß l W< l W|Pf-pMg&flHg Maserati 3200 GT Special price only for the Lunar New Year *Limited units only. Immediate registration delivery Attractive finance package High open market value (OMV) Luxury seating for four people Call us149 words
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Page 13 Miscellaneous
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Miscellaneous282 2002-01-31 13 CRYPTIC CROSSWORD ACROSS 5 Draw some crude pictures 1 Eir abandoned in a 6 Presents for volunteers (6) 4 Action by heed required for 2. P 1 4 new tide (4, 4) 10 Convey a s«te to Side mow 8 Correspondent in hermony 8 > (8) 12 Just look st282 words
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Article2364 2002-01-31 14 I Transaction date: Jan 30 KUALA LUMPUR Vei BBB W- f968| AAMRaalty 1.11 unch 135 Urtc 100 -0.01 58 ACFIndutrtat 352 uneh 363 Advance Synergy 0.59 0.01 1* AfflnHoMngi 0.30 -0.01 4* Ahmad ZaUNes... 4 JO unch 22 AKCorp AM -0.04 32 UbMta 2 05 -0.03 112 AKN Technology2,364 words
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Article353 2002-01-31 14 Transaction date: Jan 30 5—I w o— amm as— is ts sr* s at r" arjsr :s a au.» »s a StT" as ST 8 safer"' a as sr« a gfs.'-"' ss ss X& satt" ?s is its Essr a a srsS* ss s NKMUSIOt HIT 1*70 «MM MM353 words
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Article607 2002-01-31 14 BONDS WARRANTS LM MCm taw 'aMto C m» rmm** M» %umtm u» AST1WW***** MS -IS 26 Y 16 11 1J| 29 Aana Ltd VMM11It 4 AS 200 1 SO 440 2 SO 34 An«akWD***** M -05 S* 1 33 6 in 41 Armstrong W*****0 4J 1 10 12 244 21607 words
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Article4844 2002-01-31 14 Transaction date: Jan 30 for more, go to tiMwiasiaonenmarketsjcom HONG KONG VW MO W- 1W AcroaAaa Multimedia 033 inch 0 Alpha General .0 04 inch 3864 AmoyPrap MO -0.20 2818 Ananda Wing On (MM unch 0 Angara New SCM< H 1.13 unch ***** ArfSConch H 1.93 0.04 16804,844 words
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Page 14 Advertisements
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Advertisement8 2002-01-31 14 SPECIAL INTERESTS The Straits Times Classified. Classifications 52-86.8 words
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WORLD news
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WORLD Watch
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Article51 2002-01-31 15 Bloomberg [SAN FRANCISCO] ChevronTexaco Corp may bid for Phillips Petroleum Co or Conoco Inc and block their U5526.2 billion merger to form the No 3 US oil company, the Wall Street Journal said yesterday, citing sources. Conoco and Phillips plan to merge in the secondBloomberg - 51 words
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88 2002-01-31 15 Reuters [NEW YORK] Canada is the cheapest place to do business, while Germany and Japan are the most expensive, according to a study of business costs across nine industrial countries conducted by consulting firm KPMG. The United States ranked seventh on the list down fromReuters - 88 words
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61 2002-01-31 15 Bloomberg [TOKYO] Hitachi Ltd, which expects to post a loss of US$l.7 billion this fiscal year, plans to cut 4,000 more workers by June through early retirement. Hitachi will offer severance payments of as much as 21/2 times the annual income of workersBloomberg - 61 words
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61 2002-01-31 15 Bloomberg [LONDON] Ford Motor Credit Corp has collected orders for more than 7 billion euros (Ssll'.l billion) for its sale of three-year debt which was expected to finish yesterday. The company on Tuesday boosted the size of the sale to 5 billionBloomberg - 61 words
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278 2002-01-31 15 NEW YORK Company hit by drop in Ads, spending on acquisitions Bloomberg, Reuters AOL Time Warner Inc, the world's biggest media and Internet company, had a wider fourth-quarter loss on acquisition-related expenses and a decline in advertising at its America OnlineBloomberg,; Reuters - 278 words
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341 2002-01-31 15 NEW YORK Excluding one-time items, profit drops from 24C to 5C Reuters LONG-DISTANCE telephone and cable-television leader AT&T yesterday posted lower fourth-quarter profits from continuing operations amid weaker revenues, and said it expects sales of long-distance service to business and consumers to shrinkReuters - 341 words
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Article6228 2002-01-31 15 Transaction date: Jan 30 for live prices, log on to umiiiasiaoriemarketsuxmi 52-Wk M Vol on UMQwk firttv W» OrYW Nat MCjb WtAv* tog Cgm M» w- flg gfe low —yr Mir %__Cw Ig M gjj» 9 6 ABNAmroNLG 56c 9 14 IS 22.5 8.5 c ACE DynarT*a20c 146,228 words
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Article50 2002-01-31 15 IK la) M Dn LactOwU Mk oh WM M —r— mm r.. T j M. w W t— f» Cw Nt Tig 11J40 »10 s Dumondt U*****cd H90 »0 s BDJUST«d> US5270 70 5270 5270 *0 440 s r$ MSG Spar* USStO 1W90 *70 i rSSAPSOO U511M0UlSOWOsSHW ...US*****50 words
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Article1593 2002-01-31 15 2*S_ _J*r I*** 6rot» ot. s*w aaca* wum, I— s*t W- f> U» 8»y «*r Cw tn sJ w5 12cA8MHMgtk »5 mh 5 195 195 Its 19.5 18 13 5.7 374 19 •5 121 APOD it 18.5 -1 10 185 18.S 185 19 4.7 14j 1| 85 27511,593 words
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Article394 2002-01-31 15 U-Wk UM Val Day UMQMl Ctttv 01* OTM MM MCaa Wg> I— Cwfn LSatt W- 1 880 I— fcy UMm Cw W1 vJ 110 (0 AVJcnnangi A25( A K 13 (5 40 3.4 11j6 S 18S.1 CMhay Kk 20c HK. 720 265 2.1 7j8 6 *****2 Cheung KongSOc394 words
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FOCUS Enron
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614 2002-01-31 16 Banks take USs2.7b hit from Enron and Argentina in current quarter Reuters, Bloomberg, LAT-WP, Cox News [WASHINGTON] The General Accounting Office, the investigative arm of Congress, is set to announced yesterday it is filing suit against the White House to obtain details ofReuters,; Bloomberg,; LAT-WP,; Cox News - 614 words
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Article, Illustration374 2002-01-31 16 LAT [NEW YORK] Stephen L Cooper, tapped Tuesday to head embattled Enron Corp, has a reputation for using humour and brutal honesty with contentious creditors to hammer out agreements that often lead to the survival of bankrupt companies. Experts said MrLAT - 374 words
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Page 16 Advertisements
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Advertisement2434 2002-01-31 16 A oticcs Commonwealth Bank COMMONWEALTH BANK OF AUSTRALIA AND CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2001 Al amounts are expressed in Aiefraian currency. STATEMENT OF FINANCIAL PERFORMANCE STATEMENT OF FINANCIAL POSITION fa the year ended 30 June 2001 as at 30 June 2001 OOOU» SANK GROUP UN IM«2,434 words
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Advertisement589 2002-01-31 16 M THE MATTER OF THE COMP AMES ACT (OMPT»BO| AND •i THE MATTER OF M AMTRNMTHHMMTSnCUD M SERUPA QALERI PTE LTD m L K ASSOCIATES PTE LTD (M CfIEDfTOW VOLUNTARY UOLNDATKMB) NOTICE IS HEREBY OVEN tat tie M meelkig ol f* members ol obowomed oompersea wO be held ot A589 words
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Page 17 Advertisements
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Advertisement1015 2002-01-31 17 Corporation Keppel Corporation Limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2001 The Directors of Keppel Corporation Limited advise the following unaudited results of the Company and of the Group for the year ended 31 December 2001: COMPANY GROUP 2001 2000 20011,015 words
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BIZIT
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530 2002-01-31 17 Company has dealt with downturn realistically and aggressively, says COO Reuters [SAN FRANCISCO] Fresh off reporting a lower-than-expected Q4 loss. Texas Instruments Inc (TI) has slimmed down, invested aggressively in new chip-making technologies and has an impressive lineup of new products, the chipmaker's chiefReuters - 530 words
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Article, Illustration285 2002-01-31 17 Reuters [SAN FRANCISCO] Hewlett-Packard's CEO Carly Fiorina was awarded US$l3.5 million worth of stock options in 2001 and US$l million in salary, the company said. Iff covered another roughly U*****,000 of Ms Fiorina's expenses, including U5540,739 towards "companyrequired personal use of corporateReuters; REUTERS - 285 words
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Article216 2002-01-31 17 Tang Weng Fai - Deal estimated to be worth at least $3L5m Byl Tang Weng Fai US-BASED telecom giant Sprint has now added Singapore to its global IP.(lnternet Protocol) network, Sprint Link, completing the first phase of its Asian network expansion plan. The Singapore POP (point-of-presence) is its latest216 words
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264 2002-01-31 17 Bloomberg [LOS ANGELES] AOL Time Warner Inc, Sony Corp and three other film studios have named Jim Ramo, a former Hughes Electronics Corp official, as chief executive officer of their joint service to deliver movies over the Internet. The Los Angeles-basedBloomberg - 264 words
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304 2002-01-31 17 Company selling more subscriptions for Internet music and programming Bloomberg (SEATTLE] Real Networks Inc, maker of the most popular software for playing audio and video over the Internet, said its Q4 loss narrowed because the company cut costs for marketing, researchBloomberg - 304 words
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Article, Illustration645 2002-01-31 18 kenneth james - liicomment INFOTECH Cool apps count, but 'cool' alone wont cnt It for Palm kenneth james The writer is BT's Technology Editor WE had hardly settled in around the lunch table when some among the group whipped out their handheld devices and started tapping645 words
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382 2002-01-31 18 Chen Huifen - llexclusive Some still unaware of imminent change, others unwilling to take action before Chinese New Tear Reports byi Chen Huifen QUITE a few SMEs (small and medium enterprises) here may find themselves unable to make phone calls on March 1 because382 words
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Article195 2002-01-31 18 AT lam on March 1, all 7digit fixed-line phone and fax numbers will shift to the 8-digit numbering format with the addition of the number "6" in front of existing numbers. Between March 1 and March 31, local callers who dial 7-digit numbers will still be connected.195 words
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Page 18 Advertisements
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Advertisement259 2002-01-31 18 M flourish™ 1 1 1 based Internet and intranet cornrnunicattons. Not in proprietary systems that make expansion uKglf^, Jf prohibitive. No one understands this more than Sun, whose open network solutions allow t0 rea,iSe neW ,6Ve,S f CUSt mer satisfaction 80(3 buslness PTOfftabHrty. liJiJ Essa. Solaris lE!*™* www.sun.com.sg Call 1800259 words
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SHIPPING TIMES
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Article280 2002-01-31 19 Reuters THE Baltic Dry Index (BDI) fell five points to 915, the Baltic Panamax Index (BPI) lost eight points to 937, the Baltic Handymax Index (BHI) dropped 22 points to 6,706 and the Baltic Capesize Index (BCD was down six points to 1,059. ♦Aquagem (built 1997) 167,102 dwtReuters - 280 words
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Article254 2002-01-31 19 Sourer: BRIDGE Jmn n +f- <1* CWT w«trtbutlon__0.43 uncti 1328 CtaianHi* 0.41 undi 3012 Caac* UmaUnaM 0l24 -0.01 299 FMaMLM* 0.07 undi 100 G8 lltliHiiiji 0 SO unch 7 IMC 5.40 anch 0 JayaHoMtaqt 0.20 0.01 xmt MppX Corp 3.90 -002 9938 Kappal Mann* 0-21 unch ISM MmITM254 words
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Article, Illustration673 2002-01-31 19 Donald Urquhart - Bnt littoral states want potential users of Malacca, S'pore straits to share in costs By\ Donald Urquhart [SINGAPORE] Efforts to create an innovative and ambitious US$3O million Marine Electronic Highway (MEH) in the Malacca and Singapore straits moved incrementally ahead following a regional673 words
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148 2002-01-31 19 Dow Jones [HONG KONG] Modern Terminals Ltd (MTL) is planning to invest a further HKJI billion (***** million) to HK$2 billion in its existing port projects in China within the next three years, a company spokesman said. The container terminal operator has investmentsDow Jones - 148 words
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Article, Illustration178 2002-01-31 19 Beth Jinks - By Beth Jinks [SINGAPORE] Japanese shipping group Kawasaki Kisen Kaisha Ltd (K Line) will set up an Asia Operation Centre (AOC) in Singapore from April. The new organisation will be in charge of stowage planning for outbound legs fromFILE PHOTO - 178 words
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Article, Illustration433 2002-01-31 19 Bloomberg [LONDON] P&O Princess Cruises Pic's planned USS7.4 billion takeover of Royal Caribbean Cruises Ltd, which would create the world's biggest cruise operator, was referred to UK regulators by the British government. Trade and Industry Secretary, Patricia Hewitt, referred theBloomberg; AFP - 433 words
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EUROPEAN airports
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Article, Illustration856 2002-01-31 20 Investors hoping to see a market recovery after the Sept 11 attacks are investing in airports rather than airlines Reuters [LONDON] WITH cheap tickets tempting air travellers back to the skies after the Sept 11 slump, investors seeking a recovery play have seen airportsReuters; FILE PHOTO - 856 words
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Article142 2002-01-31 20 PACE Appenship 5 BSA 6 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 6 tt Central Ex 6 China Shpg S ft Cougar 6 ft CWT Globelink 6 Del mas 4 Dongnama 3 ECt 3 Evergreen 6 FoongSun S Fuhai 4 Fujitrans 4 Omartrans 4 Hangli 6142 words
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Article7036 2002-01-31 25 THEBUSINESSTIMES THURSDAY, JANUARY 31,2002 EXPORT Page 7 ETA ETA Advertiser V«M Voyege Telephone SIN Dest'n Nam* Neme Number Number To ABIDJAN (ABJ) 2003 Cot* O'I voir* 07/02 09/03 Delmes HYUNDAI FEDERAL J35W 65-*****44 11/02 (7/03 Kien Hung INTELLIGENCE CONTA IC201S *****0Q3 12/02 21/03 CMACGM VILLE DC AOUAR1US 16HW7,036 words
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SHIPS IN PORT
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Article763 2002-01-31 26 Vessel VoyNo Berth Arrival Departure MMuri S***** 28/01/740 28/0V1940 *msUf I 04S02 J03 28/01/835 28/01/2040 Ounmomtaj JMK* J02 WW*.** 28/01/2339 Tfranq N M2032 J02 28/01/7J0 28/0V1640 Cllr* AMI JMM J02 28/01/1045 28/01/2 339 Roy* frttgh 19 J02 28/01/935 28/01/17 JO Victory I J80W7 J02 2V0VWJ5 28/01/2139 81 *8763 words
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Article1840 2002-01-31 26 ggwg Of EXPORT FCl CONTAINERS AND LCL CABCO BooUng/Botanco Bstls SM* VoyHo £tt/Btr PocloO fron To Frow aciuacuu on 1/1*00 29/1500 20/059 nmoo a rvrno 30/0454 mow a 29/I7M JO/OtV JO-owe 1 30/0700 KUW J©A«C 30/1200 30/M94 30/1700 *a nu <nw m» zvnoc 24/1454 ,^-wc mroo >c/ot* icwic1,840 words
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Article215 2002-01-31 26 Malaysia: Federal Territory Day Ftkmry New Zealand: Waitangi Day February 11 Japan: National Foundation Day Taiwan: Chinese New Year Eve Vietnam: Chinese New Year Eve Pafcraary 12 Brunei: Chinese New Year China: Chinese New Year Hong Kong: Chinese New Year Indonesia: Chinese New Year Malaysia: Chinese New Year215 words
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Article812 2002-01-31 26 THIS report, compiled by Cockett Ml rlne 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 the812 words
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Article453 2002-01-31 26 Ma J— 24 Wahr t*Mm kmm*m Si—it %MA Com Win in h/u mi mi mimtt ISO/Dm* Iarts S#k £25 Ml 10 B.O 0.10 80 0.10 Sp»t C3S 991 to W.O 0.8 80 0.10 Northern Europe ISO Aw 979 6 0.1 tL4 0.04 24 0.02 180 Mai453 words
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AIR & LAND transport
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Article, Illustration523 2002-01-31 27 They will research, develop materials for budding of high-speed passenger jet AP [SEATTLE] Boeing Co said it will partner Japanese companies to research and develop materials for building its planned high-speed Sonic Cruiser passenger jet. The agreement marks the first timeAP; FILE PHOTO - 523 words
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334 2002-01-31 27 US planemaker eyeing joint ventures in M'sia Bernama [KUALA LUMPUR] The Boeing Company, the world's largest aircraft manufacturer, wants partnerships with customers in a way that promises a win-win situation for both the company and the recipient economy. Its senior vice-president, Gerald Daniels, said that theBernama - 334 words
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Article, Illustration553 2002-01-31 27 EC has challenged bilateral pacts between US and 8 European countries Bloomberg [LUXEMBOURG] British Airways, Deutsche Lufthansa and other European airlines might get their rights to fly to the US expanded eventually through a preliminary court recommendation due today, analystsBloomberg; REUTERS - 553 words
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Article, Illustration480 2002-01-31 27 They push for cargo in passenger jets to be scrutinised too LAT-WP [WASHINGTON] The new airport security law that sets strict guidelines for screening passengers and their luggage does not impose similar requirements on air cargo, prompting pilots to warn ofLAT-WP; FILE PHOTO - 480 words
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LOG Book
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104 2002-01-31 27 Bloomberg (FORT WORTH, Texas] AMR Corp's American Airlines is restoring some flights suspended after the Sept 11 terrorist attacks and reverting to bigger aircraft on a transatlantic route as the largest carrier sees increased demand. The airline said it will restore 41 round-trip flights fromBloomberg - 104 words
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Article96 2002-01-31 27 Bloomberg [ATLANTA] United Parcel Service Inc's (UPS) dispute with the Internal Revenue Service over US$l.B billion in back taxes will return to a federal tax court because the agency did not appeal to the US Supreme Court Chief financial officer Scott Davis said on aBloomberg - 96 words
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59 2002-01-31 27 Bloomberg [ROME] Alitalia SpA will sell a bond convertible into its own stock by mid-year, seeking to raise more than 1 billion euros (SSI.6 billion) and ensure the survival **7 of the company. Industry Minister Antonio Marzagg. said. "We've decided on this," Mr Marzano saidBloomberg - 59 words
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Article2035 2002-01-31 27 on maw tu fubct rro MMl 8*7381 19)0 1*7302 2050 W HI Hi Mao AasttrWa U.8J7 1445 0*974 0130 not 2300 «4 Qg mm S0347 0630 SOW 2255 tocUM* N242S6 2020 «42«5 2045 S02W aa MM mm mtn* erm ows IWHmi 8M21 noo SOW 0905 SOW2,035 words
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LOGISTICS page
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Article, Illustration608 2002-01-31 28 P T BANGSBERG - China must open up its logistics market to foreign participation as quickly as possible and local governments have a key role to play in this modernisation drive, reports p t bamosbero P T BANGSBERG PRESSURE is growing on China's local governments to buckFILE PHOTO - 608 words
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459 2002-01-31 28 June Lim - F&moos Pacific Shipping provides ocean, air forwarding services to 50 countries By, June Lim [SINGAPORE] Famous Pacific Shipping (FPS) is living up to its name. Established as Famous Freight Forwarding (S) Pte Ltd, a modest three-man operation in 1988, the company now counts itself459 words
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Page 19 Advertisements
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Advertisement28 2002-01-31 19 Japan firms to work with Boeing IHSfiSmH on Sonic Cruiser Cargo a weak link L in US airport security: pilots BPg9 Airports a safer f bet than Pg228 words
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Advertisement61 2002-01-31 19 TUI fMMftlftlAl MnATMklft teiUiMAI TfMI VMMMPML UWAiVUfO ImMHON Over SO Uodhig Internotionol Port ond Tiininai Suppliers and Service Providers mV I fl ■*WWH®« «|Mto§ kmmrm today 19* February 10.00 U.OO kn Wednweley 30lt» Mwuary 1040 1100 hrs I fkwe*y2Uli*nwy 10.00 16.00 hrs I Iyugf iiinnii^ri ***wv wppnvi v Formulate buying61 words
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Page 20 Advertisements
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Advertisement458 2002-01-31 20 I •m"'.,i v t tjJ H NORTH AMERICA 11 QULFUNOiA SUB-CONTINENT jSUWR SHUTTLE EXPRESS (883Q IQULP KARACHI IXPWW (MOQ ——J VTSSQ VOT U5O n= YKSa VOT JU SB ooaourauu sowoi u/oi ®Vw w7w «uor# aama m u/% 1 */oi 03/01 ooamvroM iww n/oi 10/01 11/01 MMI 00d JAPAN 54W04 30/01458 words
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Advertisement627 2002-01-31 20 Lines services represented by Member* of the Registry of Members of the Accredited Shipping Agents Singapore Logistics Snggpore Shipping Association Association my LINE MAIM rasa voy In* in [75 P. KLANG SPOCI MALI Princess Lily V 0202 08/02 09/02 16/02 Empress lily VOlO2 25/02 26/02 06/03 Princess Lily V 0302627 words
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Page 21 Advertisements
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Advertisement1123 2002-01-31 21 TO USA (SAX SERVICE) VRSIL VOY SM ETA lAX OAK DAI HOU CHI COl MM ATI NTC APISCOTIANP 1061 06/02 21/0? 26/02 26/02 24/03 26/02 27/W 26/02 20/02 21/02 apictpmk iom u/02 21/02 05/03 OS/03 05/03 OS/03 06/03 05/03 07/03 07/n AftKLGiUM 1021 20/02 07/03 12/03 12/03 12/03 12/03 13/031,123 words
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Advertisement1635 2002-01-31 21 It MH > V/VstiNVII Af JOMfl f/f iIS MVS I AQAtA T/Tll4 Mil I GEimiAGEimWSWAroei: MIOMNSON *****-00 SAUS/MCGS TIL *****57/43 FAX: *****21/71 MUTIU OFFKI PASM GUDANG TIL 07 *****44 FAX: 07-*****70 COSTAR SNIPfINC PTI LTD OUTWAMKO/u <*****2 *****25/75 pootKIANG 03-*****033 03-*****440 CI NO-**********0M TO: 224 1900 (MAM) MWAAD (D 0:1,635 words
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Advertisement314 2002-01-31 21 KMTC is launching a new fixed day direct service from^ Port Kelang Pasir Gudang Singapore to Shanghai Mwiri A—1»: Bifcn Sfclppif W« IM ■XTsk**, A*.*, PI. M. MHOISSI r-T.MMWHin 2H (ntNMn ii.ii ii/iijii it Niikt lot Mat l|§i<l#i Mi BM «IH« S.rtV«ht 4/ P—rOW) 44 24M4M (hi) 94-*****44 Oh: HMI314 words
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Page 22 Advertisements
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Advertisement1655 2002-01-31 22 HMNEO HYUNDAIMERCHAhrTMARIN^O^TD^^^^ |»Bsa wr IJ I sou Imi rtm law haai Btv~| ivtssa jvoriMuiia rtm ant harm orv _sw_ aa agate iosw «i/07 u/oi 23/02 20/02 21/02 >w«*AS SATE 11/01 11/01 00/01 01/01 20/01 IHTTM MOW 01/01 22/02 23/01 17/01 10/07 ARCORAI 103( 17/11 17/01 10/01 31/01 Hrmut nsw m/1,655 words
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Advertisement544 2002-01-31 22 9335^ WEEKLY EXPRESS SAILING SCHEDULE AUO ACCEPTMG TO ALL NORTHERN AND MEtTBW CO POMTI PCL TO COCHM, TUTCORM Mi COUMMO AKANOLA Me Mi Hi I r~im|mwi|«iifM| u—— In—— mmm i*> in in ijfa mmj tmiamtm wmnisi m aureus* met is ii Ri is fa TTS BmS ukwm d?«s iiib a»a544 words
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Page 23 Advertisements
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Advertisement1452 2002-01-31 23 v 5? noli HKd —["Hi ——«a dx» m —[~dmm mk ■AN KMMAN PCL-244 17/01 30/01 ***** 03/01 09/01 10/01 11/01 14/01 ■AN ISFAHAN KL-245 03/02 06/02 09/02 10/02 17/02 11/02 20/02 22/02 ■AN HOOMOZOAN KL-246 09/02 12/02 16/02 17/02 24/02 2S/02 27/02 01/03 ■AN TfHBAN KL-247 16/02 19/02 23/02 24/021,452 words
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Advertisement1013 2002-01-31 23 UK CONTINENT SERVICE Loadtogtor EXPLORER II ROM/ATW/BMNAM/LPL I KAN SEPAT RDM/ATW/BMNAJK/LPI. Loads Stngapora, ESN. Mon«aa MIDDLE-EAST SERVICE Loac>ngtor ZEYNEP ANA JOM/AQA/DMT CORALI DBfrABU/DOH/BRN/DMM/KWT JIN SHUN HOaOOAH/JEDOAH/AQABA PAN EXPRESS OiftlSU/DOH/BRN/DMM/KWT ASEAN GLORY BOMOU/DOH/BRN/DMM/KWT Toad* Singapore, EVW NW%4M. >ndonwi> USA StRVICE LoadMglor ASIRAT CAM/NFK/SAV^KX/TPC YELLOW KNIFE CAM/NFK/SAV/NOL ALGARVE VCW/LAX/MZL *Load» EJW. MMayaia.1,013 words
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Page 24 Advertisements
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Advertisement1062 2002-01-31 24 [arotT vBSa/»OT»g IS6P I—lwclwv I wr 1 M \wT HUNEIOI3MSIW QVW 71/tP 2MB HIB i BcON6OOT7SMM>4 TW WL 7MB 27/07 2MB Ifmpin IMB IMP OMH arc 2 BEOBIKOWMMH 11MB I 01/031 QMPI IMB OMB|O7AB I lAST AMD WMT JIMDmMAMMM/UACX SIA PFOtT VBSa/VOttg IS& ITO GNA |WS IKM |WC I ltS~1,062 words
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Advertisement694 2002-01-31 24 laSSummmt -|Sh~ flWm I IBM M% BS ~n%~ 818 m m -M— _*ct»gw|grj»j» dim iwlwd jgjWigß. ffisa m m m m mT m* fos m s*g Blfr -%—j-jl- in Mf lYlliiKCAmu 41SW 7/OT 11/0? 04/03 04/03 01/03 W/03 lj/03 13/03 fcnpfc, <mf hi IW4 Cm*. ImW. M. IMI hM m694 words
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Advertisement463 2002-01-31 24 I BSA nTI MYANMA FIVE STAR UNE (Mvmmt NctiwMl Llm) Urifaf far Ym|m vnsa vot sm fa km kii ■OKU 4IW SU> OM SMWI MW S4W SID ■ALATSU Mjorrv OOUSTIAD SMPPMG MOCKS KUL TE 03-*****)00 PIL IB 03-317M101 rat TH 04-*****02 POfc IH 07-*****21/4 BANK LINE (A Hnki of km*m463 words
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Page 26 Miscellaneous
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Miscellaneous124 2002-01-31 26 REKnsnH JBI «aFOR7AMJIJ^N2OO2^^f4--p LEGEND laaued by Meteorological S«rvic«^k!^pon» R1 Thunderstorm Showers Rain ornporalur® wind direction and speed in knots Cloud, D., WM,h OO H»7V Wind speed symbols Sea Conditions O Full arcle w/o line indicates calm or light and variable winds j <1 -One half fleche represents 5 knots E124 words
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Page 28 Advertisements
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Advertisement109 2002-01-31 28 Jumbo picks up your shipment and you pick up a limited edition Jumbo Gift. From 15 January 14 February, get a huge jumbo Umbrella, free with every Jumbo Box or 2 Jumbo Juniors you send* Use the Jumbo box for shipments up to 25kg and the Jumbo Junior for j109 words
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Advertisement9 2002-01-31 28 Aviation news and aircraft schedule are on pg 99 words
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