The Business Times, 7 February 2002

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: nttp://business-times.asial .com.sg/ SINGAPORE THURSDAY, FEBRUARY 7, 2002 85C
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  • Article
    Lock icon MARKET SUMMARY
    77 1 SI! 1,***** (+20.98) □mm man (+643) ST INDEX FUTURES 1,***** (+27.00) smsci FUTUBES 220j0 (+3.50) STOCK MASJEBT INDICES Wednesday Change KLSECOMP 711.22 -611 NIKKEI 225 9,420.86 -54.75 HANG SENG —10,592.39 -1650 SET INDEX 348.17 <-4.80 JAKARTA COMP -***** -418 MANILA COMP .1167.48 -526 TAIPEI WP1 5126.08 +81.88 SEOUL
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  • Article
    Lock icon FINANCE
    70 1 FOBEX BATES US$ SI USS (8$ perl'SS) 1834 £(USS/SS per S) 1.415 1596 ElHO(US$/S$/E). 0.865 1.587 DM t260 1182 YEN 133.9 73.00 R.M 8.800 1072 HKJ 7.800 4152 BAHT 4357 23.97 RIT1AH 10,305 5.618 PRIME SATES SINGAPORE* 5.25 KUALA U MPT R 6.40 HONGKONG 5.125 JAKARTA 39.00 TAIPEI 6.725
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  • Article, Illustration
    Lock icon Trader defrauds Allied Irish Banks of a whopping US$750m
    571 1 Rogue trader said to have covered up forez losses with fake trades; FBI called in to hunt him down Reuters AP, Bloomberg [DUBLIN] Allied Irish Banks pic, Ireland's largest bank and a one-time suitor of Singapore's Keppel Bank, revealed yesterday that
    Reuters; AP,; Bloomberg; AP photo  -  571 words
  • Article
    Lock icon Govt to tighten rules on auditor independence
    519 1  -  I 1 f exclusive Curbs also expected on provision of non-audit services By Siow Li Sen [SINGAPORE] The Singapore government is taking steps to tighten rules governing the independence of auditors and to limit the amount of non-audit services that auditors are allowed-
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  • Article
    Lock icon Arthur D Little files for bankruptcy protection
    548 1  -  Oldest consultancy firm fails to sell stake to investors By< Anna Teo [SINGAPORE] Arthur D Little widely acknowledged as the world's first consulting firm and erstwhile strategy adviser in several big projects in Singapore and the region yesterday filed for bankruptcy protection after
    548 words
  • Article, Illustration
    Lock icon BMW may produce 7-series in Thailand
    427 1  -  I 1 Reports by Christopher Tan [SINGAPORE] BMW plans to make its new and highly sophisticated 7-series in Thailand by the end of this year, according to a wellplaced source. If the scheme takes off, Thailand would be the first location outside Germany to
    CHRIS LOH  -  427 words
  • Article
    Lock icon S'pore launch packs a $9m punch
    188 1 [SINGAPORE] BMW agent Performance Motors, a unit of newly delisted Sime Singapore, is investing a record $9 mUlion to introduce the new 7-series. Last night's gala launch at the Ritz-Carlton, which included a five-course dinner for 700 people prepared by award-winning chef Peter Find
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      84 1 iwaPß Top Stortos US productivity surprises with 3.5% surge in Q4. Pg 2 Global Crossing buyers seek debt write-off. Pg 2 Nera Telecom earnings rise 24% to $13.4 m. Pg 4 SIA denies responsibility for Ken-Air collapse. Pg 9 Enron paid millions in bonuses before collapse. Pg 17 Tony Blair
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      Lock icon Page 1 Advertisements Column 2
      44 1 Enron pakl millions in bonuses before collapse, Pg 17 Andersen Singapore says clients still supportive, Pg 9 Development charges set to fall: analysts Executive Suite. Pg 20 Win a place at a top-notch international business school for free Details in ad on Pg 21
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      126 1 L.U.C Heir to a proud watchmaking tradition Stainless steel automatic chronometer. LU C "Twin" double spring barrel. water-resistant to 100 m Sii """^B S IL ■Wr i%# M www.chopard.com The Chopard L.U.C collection is exclusively available at selected watch specialists and Chopard Boutiques worldwide. In Singapore: Chopard Boutique. 435 Orchard
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Securitising English soccer
        117 2 SECURITISATION may still be an obscure term to the public, but it is now being used in the most popular of sports soccer. It is the funding method that has enabled Leeds United manager David O'Leary to take his transfer spending close to £100 million (Ss26o million),
        117 words
      • Article
        Lock icon The gay way to high-tech success
        156 2 THE Dec 20 edition of The Economist magazine has an article that sets out to link the creative energy of nations to the sexual orientation of their people. In the piece, Richard Florida of Carnegie Mellon University argues that the most creative cities in
        156 words
      • Article
        Lock icon Selling England by the pound
        109 2 WE'VE featured the views of TheMogambo Guru in this column before. Here's what he has to say in his Jan 22 newsletter: "We are getting close to end of gold sales by the British. For years, they and others have been selling the family jewels
        109 words
      • Article
        Lock icon Fire, water and World Cup upsets
        121 2 BROKER CLSA's Feng Shui Index is an annual, tongue-in-cheek report marrying the traditional Chinese art with stockwatching, but the firm has expanded its scope this year to the World Cup. If the index is right, Argentina will meet Portugal in the final this year.
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    • Article
      Lock icon US productivity surprises with 3.5% surge in Q4
      503 2 Analysts say it's a sign cost cuts and technology are helping firing Bloomberg [WASHINGTON] The productivity of US companies surged in the fourth quarter, a sign cost-cutting and past investments in computers and other equipment are helping firms maintain sales with fewer
      Bloomberg  -  503 words
    • Article
      Lock icon Global Crossing bidders seek debt write-off
      332 2  -  SIT, Hutchison offering USs3oom cash, 21% stake in exchange for USsl2.4b debts By David Boey [SINGAPORE] Singapore Technologies Telemedia (STT) and Hutchison Whampoa have asked creditors of Global Crossing to write off debts totalling a massive US$l2.4 billion in exchange for a joint 21
      332 words
    • Article
      Lock icon Optus loss seen weighing SingTel down
      545 2  -  More conservative accounting policies to be adopted By' Teh Hooi Ling [SINGAPORE] Singapore Telecom's Australian unit Optus is expected to report a third-quarter loss this week as a result of more conservative accounting policies adopted by Sing Tel. But analysts are hardpressed to even
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      510 2 KPMGScminarSeries Effective Corporate Governance: Practical Considerations Tuesday, 5 March 2002, B:3oam to 12.30pm Grand Copthorne Waterfront Singapore What The 1990s saw a major focus on corporate governance issues, with changing demands and expectations of Boards of Directors (Boards). Local initiatives towards the end of the decade to improve standards of
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  • SINGAPORE companies
    • Article
      Lock icon Sell in market if price tops 60c, says CWT adviser
      410 3  -  PSA Logistics extends takeover offer by two weeks to March 6 By David Boey CWT Distribution shareholders with a "short-term view of the investment" have been advised to sell their CWT scrip in the open market if they can secure
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    • Article
      Lock icon BIL trims F&N stake, appears to have abandoned takeover
      183 3 Reuters INVESTMENT firm BIL International Ltd yesterday further cut its stake in Singapore beverage group Fraser Neave Ltd (F&N) to 10.4 per cent as it appeared to be abandoning its takeover ambitions. BIL, formerly the Brierley group, said in a statement
      Reuters  -  183 words
    • Article, Illustration
      Lock icon DBS investment sales hit $300m in Jan
      357 3  -  Low interest fuels demand for treasury products Byi Genevieve Cua DBS Bank booked "stunning" investment sales of $300 million in January, as frustration with low-yield-ing deposits pushed savers towards unit trusts and other structured products. It is still early days, but if the
      357 words
    • Article
      Lock icon Panpac boss needs to show results
      738 3  -  TTSwTI lock siew teh hooi ling PANPAC Media.com's vice-chair man Chong Huai Seng is one of those men who can get people fired up by his ideas and so willingly put money into his ventures. With years in the financial industry, the EDB Colombo
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    • Article, Illustration
      Lock icon Nera Telecom earnings rise 24% to $ 13.4m
      605 4  - Nera Telecom earnings rise 24% to 13.4m It plans to list Nera Electronics on SGX; parent's markets will add business Teh Hooi Ling NERA Telecommunications yesterday posted a lower-than-expected 24 per cent rise in net profit to $13.4 million for the year to Dec 31, 2001, and proposed to list
      FILE PHOTO  -  605 words
    • Article
      Lock icon Flat earnings of $17m at Singapore Computer Systems
      463 4  -  Bat it detects some indicators of a turnaround and targets 27% profit rise this year By Serena Ng SINGAPORE Computer Systems yesterday posted flat 2001 net earnings of $17.3 million after write-offs and provisions, but said it hopes to grow profit 27
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    • Article
      Lock icon IPC expects to raise HK$50m from ThinSoft's GEM listing
      310 4  -  By\ Serena Ng ELECTRONICS firm IPC Corp said yesterday the issue price of its subsidiary Thin Soft which will soon be floated in Hong Kong has been fixed at HKJO.4O after a book-building exercise. IPC is likely to float some 125
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    • Article
      Lock icon CapLand may post loss but analysts aren't worried
      495 4 Reuters CAPITALAND Ltd may post another big loss in 2001 but analysts are not overly perturbed as they hope Singapore's second largest listed property group will return to the black this year with the help of more asset sales. They expect few
      Reuters  -  495 words
    • Article
      Lock icon Pick-up in Asia's M&A activity uncertain
      527 5 Host of factors could keep a lid on transactions Dow Jones INVESTMENT bankers hoping for a pickup in mergers and acquisitions activity in Asia following last year's slump may find the going a bit rough. The value of mergers and acquisitions plunged nearly 40
      Dow Jones  -  527 words
    • Article
      Lock icon Asian bosses value corporate governance
      374 5  -  Over 75% in PwC survey see it as key factor in drawing foreign investment By Quak Hiang Whai THERE is growing awareness of corporate governance in Asia, with more than three-quarters of regional chief executives believing it to be a key factor in attracting foreign
      374 words
    • COMPANY Briefs
      • Article
        Lock icon PCRD ends talks on insurer sale
        60 5 Dow Jones Newswires HONG Kong tycoon Richard Li's Singapore-listed holding company Pacific Century Regional Developments has terminated talks to sell its 44.8 per cent stake in Hong Kong-listed Pacific Century Insurance Holdings. "PCRD has no intention of disposing of its interest in PCIH," the
        Dow Jones Newswires  -  60 words
      • Article
        Lock icon AFP revamps another US$25m debt
        34 5 LOSS-MAKING Asia Food Properties (AFP) said yesterday it rescheduled another US$25 million of its US$l.l9 billion in outstanding debt in January, bringing its total restructured debt to US$226 million.
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      • Article
        Lock icon Progen boss buys into Mayfran
        73 5 BEDLINEN maker Mayfran International yesterday said Progen Holdings' chairman and substantial shareholder Lee Ee had on Tuesday bought 20 million shares or an 8.39 per cent stake in Mayfran at 26 cents apiece. Mayfran's owner Johnlin Yuwono had on the same day bought 31.5 million
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      • Article
        Lock icon CEI signs deal with PKI
        30 5 CEI Contract Manufacturing has entered into a three-year agreement with US-incorporated PerkinElmer Instruments whereby CEI will be the sole provider of PCB assemblies to PKI.
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      61 3 fl K& it m m 1 mm Jb flf 4SPt r .4fefe*& "9 9 flf iK. jKf-.i; I fc'"" s Jn m m .*Jr M V |L s Menswear: #01-03/04 Ngee Ann City Tel: 735 0233 Isetan Scotts (Level 3) Tel: 735 1785 #01-061/063 Suntec City Mall Tel: 337 7455
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      41 4 •CITIZEN Say 'goodbye' to battecy replacements. I Alternative energy timepieces by titizen. iCS I w 6k r&€£t-DrH* Ectisse t i S x Sole Distributor: Sun Sing Trading (S) Pte Ltd Tel: 841 3388 Fax; 841 6155 Visit our website at www.citizen.conri.sg
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      53 4 Ig S| TVestfrost sg Wine Cooler H Made In Denmark Size(mm): 1850 x 595 x 595 No. of bottles 90 -120 RINA (ELECTRICAL) PTE LTD Br 1, SCOTTS ROAD, #05-«2rt3, SHAW CENTRE, Jff SINGAPORE22*2OB FAX:*****54 TEL: 737 4351 (3 Lines) Business Hours: 9am 6pm (Mon Sat) Official Distributor Premier Appliances
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      143 5 kTi 1 fl for over 20 years, 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 IS including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial, banking
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      271 5 'o\\ M 1 I F1 'V Get this two-way radio phone for $99* ■■iAi^^^ plus 12 easy payments of $10 per month. Package includes standard battery, travel charger and a leather case. Usual price: $399. uj With Grid, you can have a two-way radio and a cellular phone, all in
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      301 6 OTHER SINGAPORE INDICES Feb 6 VALUI CLOSE WOftHS 230.00 +7.00 gTCAM -*****.00 +80.00 BT lMor HA -*****.00 +23.00 458.60 +3.92 Owl 157.57 +3.04 1548.45 +22.98 SGEqafttetProp 455.30 -6.23 IgafljPUri 219.31 +2.47 SMSQMbtm 220.60 +3.50 Stocks Vakmtm UniFood HK25C 46.945,000 IPC020C 27,773.000 Roiy IntUSlOc 21,670.000 AEM£vertech 5c 11,418,000 ChinaAvOil 5c 10,444,000
      301 words
    • Article, Illustration
      Lock icon CSFB says UOB upside limited, issues 'hold' call on the stock
      279 6  -  HOT STOCK/ WABRAMT By Ven Sreenivasan THE stock of United Overseas Bank has risen almost 60 per cent in the past three months, buoyed by euphoria over the bank's significantly increased market presence and capabUities following its takeover of
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    • Article, Illustration
      Lock icon Market torn between opposing farces
      721 6  -  -I i comment STOCKS r. sivanithy THE local stock market appears torn between the improving domestic outlook on the one hand and the deteriorating external environment on the other. Part of the latter is Wall Street and fastsinking Japan two stumbling blocks that seem to
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    • Article, Illustration
      Lock icon US$ rebounds on Japanese ratings cuts
      581 6  -  -j i comment CURRENCIES It recovers from key supports but analysts not prepared to predict a return to rising trend larry wee THE US dollar bounced off a test of fairly important support levels against major counterparts yesterday led mainly by another day of
      Source: Reuters  -  581 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2866 6 UNIT TRUSTS FUNDS CitiBond S'pore A/$ 1.2/ CitiBond Spore ft/t 1.224/ Oti Money Sing Dollar das B 1.0371/ AM Amro tact Mgt (S'pore) Oti ParvEurope Equity Fund 105/ Star Europe Eqtyl* 0.757/ OtiSelect Asia Tilt Balanced 1.27/ Star Europe Bd 0962/ GtiSeiect Asia Tilt Growth 1.21/ Star Europe Bal 0.853/
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  • SINGAPORE news
    • Article
      Lock icon Biomedical cluster slated to make up 10% of output: EDB
      544 7  -  The industry is on track to achieve production of $12bby2005 By Eugene Low THE Economic Development Board (EDB) aims to grow the biomedical cluster such that it contributes at least 10 per cent of Singapore's total manufacturing output by 2010,
      544 words
    • Article
      Lock icon Australia plans big tourism ad blitz
      468 7  -  By Vince Chong AUSTRALIA will soon roll out what is likely to be the biggest publicity blitz in Singapore to sell its tourism industry, which is already worth As6s billion (Ss6o billion). The Australian Tourism Commission (ATC) is targeting March for the launch of
      468 words
    • Article
      Lock icon JTC relaxes investment rule for land leases
      432 7  -  Plant, machinery investments won't be key factor for allocation, renewal By Vince Chong INDUSTRIALISTS applying for or renewing leases on JTC Corporation land sites will, with immediate effect, no longer need to meet a minimum investment sum for plant and machinery (P&M). The
      432 words
    • Article
      Lock icon Job ad volume down 55% in Dec
      221 7  -  on the economy jobs Byi Adelina Chia THE volume of newspaper job advertisements continued to decline in December last year, falling by more than half compared with a year earlier. Still, the 55 per cent drop in total advertisement volume is a small
      221 words
    • Article, Illustration
      Lock icon Andersen Singapore says clients still supportive
      701 9  -  Spokesman says jobs continue to flow in despite Enron saga By* Teh Hooi Ling THE Enron debacle has undoubtedly exacted a cost to the reputation of Andersen in Singapore, but the local firm's clients are supportive and it is still winning work, its spokesman
      AP  -  701 words
    • Article
      Lock icon School golf meet teeing off in March
      306 9 GOLF will take another step towards establishing itself as a key co-curricular sport in schools when Singapore's first National Inter-School Golf Championship tees off next month. Organised by the Singapore Golf Association (SGA), the tournament will be held on March 12 and 13
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    • Article
      Lock icon SIA denies responsibility for Ken-Air collapse
      326 9 Airline had dealings with only one of the group's companies SINGAPORE Airlines yesterday denied that it was responsible for the collapse of Ken-Air Tours, one of Singapore's largest tour operators. "This is not the case," wrote SLA's area vice-presi-dent for the Singapore sales office
      326 words
    • Article
      Lock icon Negative equity: better to fix problem earlier
      489 9  -  MAlLirrrrn Ang Hao Yao Singapore I REFER to the letter "Negative equity or default better?" by Leong Sze Hian (Mailbag, Feb 4). Mr Leong implies that attempts to reduce negative equity in housing loans could result in a triggering of defaults. While I
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    • Article
      Lock icon Don't trust unit trusts too much
      140 9  -  James Lim Singapore I REFER to your article "90% of CPF-approved products made money in Q4" by Serena Ng (BT, Jan 30). I read with concern that more than $12 billion were freed in January last year for investment in so-called low-risk retirement-re-lated products
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      124 7 PI? jPyffl It's time -to usher in H£SH tne Year of th,e Horse and charge PH ahead Into a year 9RSr -PI i lea with abundance ana excess -to spare, showers of good luck ana prosperltyi harmony ana good health -to everyone. For a good year ahead, simply gather your
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      88 7 V■ 1 1H H S"sl%^|s j&Kfe 1 v -v* V-v; pp|r r-.:-r S ,V 4 *>. 'V- >. HWN'-. ,»%iC»p«Land S *>. <«*»"!*" r STAINLESS STEEL AUTOMATIC CHRONOGRAPH CHRONOMETER OFFICIALLY CERTIFIED (COSC) WATER-RESISTANT TO 200 METRES www*SMm#-et-mercler.cem fe. r.i S:, v •v jE CHEW CHEONG WATCH CENTRE CORTINA WATCH DELUXE
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      523 8 TURN THE THE RIGHT PEOPLE FOR RECESSION THE RIGHT JOB 4liN« t/) vm ID Their Wisdom. Their Experience. IU ruun Your Business Advantage. ADVANTAGE People for Jobs Traineeship Programme (PJTP) It makes perfect business sense. When you hire and train cross-sector I j IJ £[JCI C S Ifl tO workers
      523 words
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      248 9 ■ftBGING Company T H E Recession VPMry m MOam to s:3opm, Hotel Inter-Continental Singapore W Topics Covered: •tr iiuwifcS 1 WBf wvai MHWI isstsstoi Irlmss WUku kooKtn9 s Who should attend: CFOs, CEO, Corporate Planners, General Managers and Managing Directors, T u Financial Controllers, Operations Managers, **ManagedOVc**. lm eoors on
      248 words
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      183 9 Hotel Inter-Continental W Wk Singapore 12* March 2002 Tuesday 9am t0 4-30pm lii < V" "1 ji ir*'h f?« 111 'T*T PISISeI CWWWIW Id Insolvency cases are rampant in these cnfcßofcSSSM**. times of economic uncertainty. Voluntary Group Accountants, Financial Controllers, arrangements and external management Consultants, GMs, MDs, Legal counsels, are
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      69 10 Motors Umitad O Ultimata pmLcanvag DrMng Machfcn r pis |pp t >. Wr 1 flHHKpj|pl%r ,r T y^HEi I ppjpn*p^*^pipipiipp^*^^^^^^^^ i u I Performance Motor* Limited Performance Centre, 315 Alexandra Road.Tel 319 0100 Slme Darby Centre. 896 Dunearn Road. Tet 319 0500 East Coast Centre. 280 Kampong A rang Road
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Good chance to better crossstraits ties
      748 12  -  STipi bottom line OPINION frank ching The writer is a Hong Kong-based journalist and commentator CHINESE Vice-Premier Qian Qichen's recent speech on cross-straits ties holds out the possibility that the two sides may at long last be able to resolve practical problems while setting
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    • Article
      Lock icon IN OTHER WORDS
      73 12 'I love your show, I love your style But you pay so cheap, don't call for a while.' mmij AH the ex-boxing champion, after an interview with BBC. 'I remember Winston Churchill once said that he frequently had to eat his words and generally found it a
      73 words
    • Article
      Lock icon US should not go it alone
      568 12 EDITORIAL IN his State of the Union address, US President George W Bush threatened to transform the war on global terrorism into an aggressive and go-it-alone campaign against governments that are developing weapons of mass destruction or that are "timid in the face of
      568 words
    • Article, Illustration
      Lock icon Lingering blues of the white-collar unemployed
      1379 12  -  It's a long haul for many even as the Ministry of Manpower provides help and molls events like SPH's pink-slip bashes By Catherine Ong The writer isaßT senior correspondent DAVID Lim walks out of CareerLinkfa MOM in a huff. The 34-year-old Singaporean has just
      FILE PHOTO  -  1,379 words
    • Article
      Lock icon Mega turning Indonesia around
      700 12  -  COMMENTARY By Daniel Lian The writer is an economist (covering Singapore and South-east Asia) with Morgan Stanley Singapore IN the past few months, we have been conveying to investors two important messages about Indonesia. First, political risk is substantially smaller than international investors think. In our
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      252 13 Usher in a New Year of health, happiness, prosperity and choice! ;< f Zfl P if iHs ii 'r''!'" i' JiKii yy ;> What better way to welcome a bountiful Three treats at The Third Floor New Year than with a generous spread In honour of The Year of The
      252 words
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      18 13 1 •v -V v« 0 ~s 1 f i V LAB2OE Hilton Sho(>p'iui 0.1 IVI '1 1 ii>
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  • REGIONAL news
    • Article
      Lock icon Deutsche Telekom may exit TRI
      420 13  -  Source says the German firm may sell its 21% stake to reduce debts From 1 Eddie Toh in Kuala Lumpur GERMANY'S Deutsche Telekom may cash out of Technology Resources Industries Bhd (TRI) in a move that could pave the way for the entry of a
      420 words
    • Article, Illustration
      Lock icon Mahathir makes trip to Antarctica
      260 13 KUALA LUMPUR Reuters MALAYSIAN Prime Minister Mahathir Mohamad has begun a week-long Antarctic cruise accompanied by senior politicians and business leaders, the New Straits Times reported yesterday. The trip may be linked to Dr Mahathir's recent proposal to the United Nations for the region's wealth
      Reuters  -  260 words
    • Article, Illustration
      Lock icon Rough ride for stocks, says CLSA
      554 13  -  Its Feng Shui Index sees market hitting low in June; moving up in second half Prom< Audrey Tan in Hong Kong THE Year of the Horse will bring with it a steeplechase in stock prices, but with two conflicting elements fire and water prominent,
      REUTERS  -  554 words
    • LATE Briefs
      • Article
        Lock icon Gamuda venture set to win RM2b job
        70 13 Reuters m [KUALA LUMPUR] Malaysian construction firms Gamuda Bhd and MMC Engineering have won a RM2.I billion (S|l billion) Joint venture contract for a flood control project in Kuala Lumpur, an industry source said. The deal, the government's biggest infrastructure contract so far
        Reuters  -  70 words
      • Article
        Lock icon Thai minister denies claims over IPO
        70 13 AFP [BANGKOK] A senior minister yesterday dented allegations he allocated shares in PTT, Thailand's biggest oil and gas company, to his family and other politicians in the country's largest-ever public offering. Industry Minister Suriya .lungningnmngkit defended himself against accusations that he used his authority
        AFP  -  70 words
      • Article
        Lock icon Taiwan's 3G auction raises NT$49b
        98 13 Reuters [TAIPEI] After 19 days of bidding and 180 rounds, Taiwan yesterday awarded five licences for the island's third generation (3G) wireless service at a price analysts described as overvalued. State-controlled Chunghwa Telecom won licence "D" at NT510.179 billion (*****.5 million), and Taiwan's largest wireless
        Reuters  -  98 words
      • Article
        Lock icon China tightens financial reports rules
        66 13 Dow Jones Newswires [SHANGHAI] China's listed companies are now required to explain within two working days why their external auditors gave either a qualified approval or a disclaimer on their financial reports. A qualified audit approval means the auditors have found either questionable accounting entries,
        Dow Jones Newswires  -  66 words
      • Article
        Lock icon Seaway seeks to list toll road unit
        64 13 Reuters [KUALA LUMPUR] Malaysian infrastructure firm Sun way Holdings Inc Bbd said yesterday it has sought permission to list its SILK toll road unit on the Kuala Lumpur Stock Exchange. It wants the Securities Commission, the markets regulator, to permit a listing for
        Reuters  -  64 words
      • Article
        Lock icon Toyota to boost Thai pick-up plant
        80 13 AFP [TOKYO] Japan's Toyota Motor Corp plans to shift all its pick-up truck production to Thailand, making it a major supply base for exports to South-east Asia and the Middle East a report said yesterday. Toyota plans to spend more than 10 billion bahts
        AFP  -  80 words
    • Article
      Lock icon Jakarta seeks US help on debt payment relief
      447 14 WASHINGTON Lenders, analysts say reprieve crucial for Indonesia to avoid a default Bloomberg INDONESIA appealed for US support to get a reprieve in payments on some of its more than US$l4O billion debt to avoid what the World Bank warns is the
      Bloomberg  -  447 words
    • Article, Illustration
      Lock icon Arroyo defends minister
      303 14 MANILA AFP PHILIPPINE President Gloria Arroyo yesterday defended her finance chief who has come under pressure to quit after being rocked by an alleged scandal involving the sale of government bonds. "He is staying," Ms Arroyo told reporters when asked about the fate of Fi- nance Secretary
      AFP  -  303 words
    • Article
      Lock icon Tommy files sent back to police for more data
      172 14 JAKARTA AFP INDONESIAN prosecutors preparing cases against the youngest son of former president Suharto have returned two files for the second time to Jakarta police to be improved, a police spokesman said yesterday. The dossiers on Tommy Suharto were returned by
      AFP  -  172 words
    • Article
      Lock icon Claim that Malaysia was key Sept 11 hub comes under fire
      396 15 KUALA LUMPUR KL'sfocnson domestic angle not helping, intelligence sources say AFP MALAYSIA has been unjustly tarred with the terrorist brush and is working closely with the US in its war on terrorism, western intelligence sources say. Scoffing at a
      AFP  -  396 words
    • Article
      Lock icon Jakarta helping 'war on terror'
      304 15 JAKARTA It is providing information and wpftiiiwg foreign suspects: intelligence chief Reuters INDONESIA'S intelligence chief on Tuesday fended off criticism that Jakarta is slacking in the "war on terror", saying it was providing crucial intelligence to other countries and expelling foreigners linked to al-Qaeda. And
      Reuters  -  304 words
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  • Article, Illustration
    Lock icon FINANCE
    1157 14 S Transaction date: Feb 6 UITHRBA1IE CROSS RATES C$ >* Fir H j$ 68K»6»6> 1m Mm tU i2$Ertte N» SS 9t It 86* Hmt 1 Amtrrt• OJD 4211 0.586 3547 U47 1951 ***** ***** 1680 6593 1929 1219 ***** 25.987 0.931 5521 0563 17.770 ***** 0J59 0504 Canada 1734
    1,157 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      167 14 Where to wine, dine and entertain... "tea r— Yusheng Promotion per order (20 Jan 26 Feb) Harmony Lobster at Sl3B Fortune Abalone at 106 Prosperity Salmon at $40 (small) or $70 (large) For resenatiom, please caß 1800-299 9011 or 290 8005 Pnces subject to 10% sennet charge Cf govt too
      167 words
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      99 14 W v 9 Book a due wth us at 9 9 v v Top of the Nf Revolving Restaurant Sl2B+++ V v Triple 3, The Buffet Restaurant $75++* V The Mezzanine Cafc Bar $48* V 0 9 F (aboue prices are for per person) I I V Book carh and
      99 words
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      Lock icon Page 14 Advertisements Column 3
      69 14 I I I I I —I —I —l. I I REUNION DINNER DELIGHTS Choomfrom two dekciou* menus at $399 or $488 per table of 10 pertoru. We will al»o pretent you with a bottle tack ofour rid and white wine*. Choote the tecond menu, and receive an additional gift of
      69 words
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      Lock icon Page 14 Advertisements Column 4
      82 14 I* kit ffcf coffoo fra specially selected coffee ,1 estates hi yf»lMg redoes. ffeMoch%^ if o«f- SpecM Ovtdi™ flutiliti I PwW"i MIWI HUB WW lOppN with thkfc foam. ciia■ v*nait*siP®Ssl >:'l| Freshly Iwwii ceffee with a scoop of oar Freach Delaxe™ vanilla powder, m rtl«H wdH 111 llpp ill with
      82 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      527 15 No/ices Offers are invited for the sale of office furniture and equipment. Venue 290 Orchard Road, #14-03, Paragon, *****59 Viewing 8 February 2002 (Friday) from 9.15 to 9.45 a.m. Sate 8 February 2002 (Friday) 9.45 a.m. to 10.30 a.m. Terms Cash only (Please bring your identification card) ORCHARD 290 LTD
      527 words
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      Lock icon Page 15 Advertisements Column 2
      617 15 EM THE HIGH COURT OF THF REPUBLIC OF SINC.APOBF Companies Winding Up No *****6 of 2002 In the Matter of the Companies Act (Cap 90) And In the Matter of Nextlink Communications (S) Pte Ltd (RC No *****5063H) ADVERTISEMENT OF PETITION Notice is hereby given that a Petition for the
      617 words
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      Lock icon Page 15 Advertisements Column 3
      603 15 FORM 65 A THE COMPANIES ACT (CHAPTER 50) SECTION 291 (1) STATUTORY DECLARATION SY DIRECTORS Of COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES (1) Kan-Air Leisure Group P*e Lid Rag No. *****1507H (25 02 02) (2) Kan-Air Incentive A Convention (25 02.02) (3) Kan-Air Travel Manogement Systems
      603 words
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      Lock icon Page 15 Advertisements Column 4
      720 15 Wearnes International (1994) Limited (Incorporated in Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 18th Annual General Meeting of the shareholders of Wearnes International (1994) Limited will be held at 65 Chulia Street, OCBC Centre, #50-00, Singapore *****3 on Tuesday, 26 February 2002 at 10.30 a.m.
      720 words
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      Lock icon Page 15 Advertisements Column 5
      1571 15 rrn WBL corporation limited (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 87th Annual General Meeting of the stockholders of WBL Corporatori Limited will be held at 65 Chulia Street #50-00, OCBC Centre, Stngapore *****3 on Thursday, 28th February 2002 at 10:30 a.m. for
      1,571 words
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  • REGION world
    • Article
      Lock icon China needs tougher financial regulation: Zhu
      461 16 BEIJING Development most be accompanied by rules, he tells reform meeting Reuters CHINA Premier Zhu Rongji has told a top-level financial meeting charting the future direction of China's reforms that stronger regulation is needed, industry sources said yesterday, the second day of the gathering.
      Reuters  -  461 words
    • Article
      Lock icon HK may ban dual role for accounting firms
      167 16 MHONGKONG Dow Jones Newswires THE Hong Kong Society of Accountants is proposing a rule that would ban accounting firms from acting both as auditors and consultants for the same listed company, the South China Morning Post reports. Alvin Wong, president of the
      Dow Jones Newswires  -  167 words
    • Article, Illustration
      Lock icon Pushing the limits
      39 16 [HEBER CITY, Utah] Biathlete Stavros Christoforidis from Greece on Tuesday making his way on the course at Soldier Hollow in Heber City as he trains in preparation for the Winter Olympics. The event begins tomorrow. AP
      AP  -  39 words
    • Article
      Lock icon A bright year ahead for Thai tech firms, say analysts
      375 16 ■BANGKOK More earnings upgrades expected in H2 after poor '01 Reuters A SLOWDOWN in technology demand is expected to have squeezed the 2001 earnings of Thai electronics firms due out this month, but the outlook for 2002 is much brighter
      Reuters  -  375 words
  • Article
    Lock icon COMMODITIES
    1706 16 S1C0M FUTURES Feb 6 IUBBEX Fi<ira (Ctosiat frtcts) ISSKSCMtlAf) Close Vofcme OpOft Mo«*> Mffc Law Sett (to—w) Merest Mar 02 H5.00 Apr 02 1*25 May 02 116.75 Jw 02 117.25 BS3(UScnb/k«> VotaM Open MmOi Mfli Low Sett (tomes) Merest Mar 02 62J5 tt50 Apr 02 6475 63L75 6400 125
    1,706 words
  • Page 16 Advertisements
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      274 16 CR7PTXC CROSSWORD ACROSS phabet soup was a mistake? 4 Plea to give English a good time in New York (8) 5 A large numbe r of novelty 8 Socialist: Foot's one, in gen- nd ts (8) era i (6 6 Kilometre finally superior to 9 Very warm current rivef tows
      274 words
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  • Article
    Lock icon STOCKS ASIA
    4756 17 Transaction date: Feb 6 for more, go to iimwxisiaoneninarketsjcorn HONG KONG ICG Asia JO.54 inch 8024 Vrt Interchina Hldgs 100 unch 9498 HP *1- "88* Interform Ceramics 0.02 unch 4050 Inf I Bank of Asia 188 0.01 3669 AcrossAsia Multimedia ..0.33 002 24 [Regent Group 0.15 unch 0
    4,756 words
  • FOCUS enron
    • Article, Illustration
      Lock icon Enron paid millions in bonuses before collapse
      610 17 Ex-worker says payouts to top execs made just 2 days before bankruptcy filing Reuters, Bloomberg [WASHINGTON] Enron Corp gave millions in bonuses to top executives two days before filing for bankruptcy last year, then fired thousands of employees without the severance pay to
      Reuters,; Bloomberg; Photos: AP  -  610 words
    • Article
      Lock icon Pressure piles on SEC to overhaul audit rules
      362 17 Andersen takes more steps to reform audit practice Bloomberg, Dow Jones Newswires, Reuters [WASHINGTON] Some of the biggest US investors increased pressure on Securities and Exchange Commission chairman Harvey Pitt, urging him to overhaul auditing rules following Enron Corp's collapse or remove
      Bloomberg,; Dow Jones Newswires,; Reuters  -  362 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      1057 17 i-aye NFS MFS TECHNOLOGY LTD The Interconnect Solutions Frontier Notice of Annual General Meeting ,S HE i E r ß Annual General Meeting of the Company will be held at 22 Tuas Avenue 8, Singapore *****/ on 2/ February 2002, ot 10 30 a m (or the following business:Ordinary Business
      1,057 words
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  • Article
    Lock icon KLSE
    2339 18 Transaction date: Feb 6 -■KUALA LUMPUR i-» 5.02 37 Vo FraserSNeave 3 66 inch 5 RM COOO) -250 503 82 FW Industries 055 -0.06 70S A AM Realty 1.06 0.01 8 Gadang 1.36 0.01 18 Abric 253 0.05 84 Gamuda 5.15 unch 1646 ACP Industrie 3.20 unch 91 GanadCorp
    2,339 words
  • Article
    Lock icon SGX
    708 18 Transaction date: Feb 6 1 w 0m a—1 ntimm t o— etc OJO mo <01JB MM 0c 0.22 1 JOB <UH tiplBUnd 13# 130 4M0 OCBC 932 ***** 2'00 OMrt SanaCond 2ic 1« OH .0320 OUC 031 7 100 2.050 OtyDnSOc 2JO M0* -0.10 Farinay H 25c OJt 0320
    708 words
  • Article
    Lock icon BONDS & WARRANTS
    670 18 BONDS WARRANTS VelCaav Eur 'oEt ri "M"l Mi ««r- PH* W La» AST1<MM0621 as 1 40 1 16 18 143 28 Aon* Lid 1MM111# 15 latch 1513 1 50 435 2.86 33 Amtek W*****0 42 -1 191 1 33 3 1.73 40 ArnMiung W*****0 6 1 10 45 1*3 27
    670 words
  • WORLD news
    • WORLD Watch
      • Article
        Lock icon Tyco to sell or spin off finance unit
        130 18 NYT [NEW YORK] Tyco International Ltd moved quickly on Tuesday to sell or spin off CIT Group, its finance unit, to stem a crisis of confidence that has caused its stock to fall by nearly two-thirds in the last month, executives close
        NYT  -  130 words
      • Article
        Lock icon Comcast posts US$321m loss in Q4
        87 18 Bloomberg [PHILADELPHIA] Comcast Corp, the US cable-television operator that is buying AT&T Corp's broadband unit, had a fourth-quarter loss on higher costs from acquisitions and system upgrades. The loss was US$32l million, or 34 US cents a share, compared with the year-ago net income
        Bloomberg  -  87 words
      • Article
        Lock icon PepsiCo's Q4 profit up 16%
        74 18 Reuters {PURCHASE, New York] Soft-drink, cereal and snack-food giant PepsiCo Inc said yesterday its fourth-quarter profit rose 16 per cent cm the strength erf drinks like Aquafina bottled water. The company, whose products include Pepsi soft drinks, Gatorade sports drinks, Frito-Lay snacks and Quaker cereals,
        Reuters  -  74 words
      • Article
        Lock icon Lehman drops casual dress code
        104 18 Bloomberg [NEW YORK] Lehman Brothers Holdings Inc abandoned its casual dress code instituted in the dot-com boom. Citing "changes and rethinking regarding work environments", a Lehman memo instructed its male employees to return to a suit and tie, with women wearing a suit with a
        Bloomberg  -  104 words
      • Article
        Lock icon Whirlpool's Q4 profit falls 69%
        81 18 Bloomberg [BENTON HARBOUR, Michigan] Whirlpool Corp, the biggest US appliance maker, said fourth-quarter profit fell 69 per cent for expenses, including job cuts. Net income fell to US$2l million, or 31 UScentsa share, from US$67 million, or US$l a share, in the year-earlier period, Whirlpool
        Bloomberg  -  81 words
      • Article
        Lock icon Swatch's 2001 net down 10%
        56 18 Bloomberg [BEEL, Switzerland] Swatch Group AG, the largest watchmaker, said 2001 net income fell more than 10 per cent, the first decline since 1996, because sales in the last four months of the year were below its expectations. Operating profit declined less than 10 per
        Bloomberg  -  56 words
    • Article
      Lock icon Gold soars to two-year high
      479 18 Price hits U*****.65 an ounce on Enron, Allied Irish concerns LONDON Bloomberg, AFP GOLD surpassed US$3OO an ounce for the first time in two years as the US$75O million trading fraud at Allied Irish Banks Pic and bankruptcy at Enron Corp raised concern about the
      Bloomberg,; AFP  -  479 words
    • Article, Illustration
      Lock icon Blair grateful to S'pore for backing war on terrorism
      454 18  -  From Loh Hui Yin in London BRITISH Prime Minister Tony Blair expressed gratitude for the Singapore government's "strong support" in the campaign against terrorism, when he met Deputy Prime Minister Lee Hsien Loong here yesterday. "They had good general discussions on
      AFP  -  454 words
    • Article
      Lock icon Senate set to kill off Bush's stimulus plan
      326 18 WASHINGTON Republicans, Democrats trade charges before vote Reuters THE US Senate was yesterday set to deal a final blow to the economic stimulus plan that President George W Bush said is necessary to ensure the nation recovers from recession. The Senate was
      Reuters  -  326 words
    • Article, Illustration
      Lock icon US$3.5b spending cuts in Argentine austerity Budget
      559 19 BUENOS AIRES Protests continue as president sets presidential poll date in September '03 AP PRESIDENT Eduardo Duhalde set a date for Argentina's next presidential election and unveiled an austerity Budget he hopes will lift the country out of economic crisis by the time
      AP  -  559 words
    • Article
      Lock icon No job cuts seen as Kmart revamps ops
      302 19 TROY, Michigan Bloomberg KMART Corp is reorganising its store operations into four regional divisions and a separate unit for its supercentres as the discount retailer works to emerge from bankruptcy. Kmart had six geographic divisions and a supercentre unit, spokesman Steve Pagnani
      Bloomberg  -  302 words
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  • Article
    Lock icon SGX MAINBOARD
    5166 19 Transaction date: Feb 6 for live prices, log on to wwu 'amaoriemarkets£om L»« Quota GrOfc Mv GrVM MM MCao wtAv? w» u» Cifir m» w- r—I i— amm nam cv m $3 m5 9 6 ABNAmroNLG 56c 9 34 138 225 85 c ACE Dynamia20c 10 -6 2
    5,166 words
  • Article
    Lock icon SGX XTRANET
    51 19 mTL "7 imo** <Mt» Mr Cftw MM MO. Wb| L c —f—y n»w w» UM u*m cv m >3 113® 9210 Diamonds US9900ol S890 3830 s ISDiUSTeth US5110 -160 5110 5110 I 560 440 s IS MVD Spore USSCO ***** 9870 s ISSAP500 US***** ***** 99S0 s SPWB
    51 words
  • Article
    Lock icon SGX SESDAQ
    1519 19 S £L 6rM* Ob GrVW MM MCjb Htm "r f t»gj3 s* w- rm u» aur cw m $3 w5 K ,7S -M 420 1* 175 175 18.S 5 18 14 5.1 338 It c 19 10 19 19 185 195 49 ,6.7 19 S *J 2 5
    1,519 words
  • Article
    Lock icon CLOB INTERNATIONAL
    388 19 Iff JW On UMQnto Cfttv M» GrVM MM MO. i— ci«»m) m» w- ym m+ t— idhr cv m $3 110 <0 AVJenrtngsA25cA 83 -J 10 83 83 82 84 5 40 3.4 12 4S 1716 Cj«h»yP»c20cHK 720 265 2.1 7.4 6 *****2 Owing KongSOcHK. 1780 240 6.3
    388 words
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  • EXECUTIVE suite
    • Article
      Lock icon Devt charges seen falling come March
      1129 20 Property consultants expect bigger drop for landed residential rates which had smaller cuts in last revision Development charges (DC) are likely to be revised downwards again in the next review, due March 1, say property consultants, and landed residential rates may see a sharper
      1,129 words
    • Article
      Lock icon Blooming festivity
      523 20  -  GARDENER'fiIm As Chinese New Tear gifts, wild orchids beat even the biggest $888 knmqnat plants By Thien SOMETHING delightful happened on the way to Chinese New Year. Overnight, like snake coils tumbling from Medusa's head, at least 30 strings of buds sprouted from a wild orchid which we'd
      523 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      143 20 Mj W million .llbllllls I In miild I j Singapore i\ Hf Top |pP BO winnin); I ulbum tpmi <»6 wrrkv .11 \n I on the liillh.ufd |ju/ iti.irl I inMU'ML«w> -^^K 3 Card Members 10% off all tickets now the best scats first < mi 416 3652 i 234
      143 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      80 20 For Househunt, please go to kJwm}*' *■'M**K//h»>toeisflrwei n/il.t |W There wM be no Exec Suite next THIEN Enjoy a sumptuous REUNION DINNER amidst the cool, relaxing sea breeze under thatched roofs H We are open for Reunion Dinner on Lunar New Year's eve, 11/2/2002. "Fa Cai Yu Sheng" is available
      80 words
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      Lock icon Page 20 Advertisements Column 3
      21 20 j Th« Straits Timt s 7j Classified wh#r* f\ virtually rory I j vahlckls J atyour frTjr I fingartips.* \pr J
      21 words
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  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      276 21 STUDY THIS OPPORTUNITY AND WIN A PLACE ON THE HENLEY MBA DISTANCE LEARNING PROGRAMME Here's your chance to gain a competitive edge at ENTRY RULES 8c REGULATIONS zero cost. Henley Management College, one of the To participate, you should: world's most respected business schools, is offering a 1 Rc g
      276 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      138 21 "&W&- .h -jj^- v Let's Toast Singapore's Top j Fund Managers P I m m Guest of Honour: j Mr Ng Kok Song M Managing Director (Public Markets) Government of Singapore Investment Corporation f r The annual Investment Fund Awards is here again to honour the top-performing funds and F
      138 words
  • BIZIT
    • Article, Illustration
      Lock icon Microsoft's messaging program vulnerable to online snoops
      467 21 Security hole exposes nicknames, e-mail addresses to website operators Bloomberg [REDMOND, Washington] Microsoft Corp, which has made software security a top priority in the wake of high-profile lapses, said its messaging program leaves e-mail addresses and nicknames open to online snoops. Users can
      Bloomberg; REUTERS  -  467 words
    • Article
      Lock icon More than half of all Americans go online: report
      286 21 AP [WASHINGTON] More than half of all Americans use the Internet, with more than two million people going online for the first time each month. And nine out of 10 schoolage children have access to computers either at home or at
      AP  -  286 words
    • Article
      Lock icon Verizon sues for return of deposit from US govt
      245 21 Reuters [WASHINGTON] Verizon Wireless on Tuesday sued in federal court to force the government to return US$l.7 bUlion that the mobUe telephone carrier deposited as part of a now-defunct sale of wireless licences that are held by Next Wave Telecom Inc.
      Reuters  -  245 words
    • Article
      Lock icon IBM, Microsoft likely to announce alliance today
      328 21 New group will work on standards that will facilitate business on the Web Reuters [NEW YORK) IBM, Microsoft, and other fierce technology sector competitors are expected to announce an alliance today to hammer out standards that will make it easier and cheaper for
      Reuters  -  328 words
    • Article
      Lock icon HP sets merger vote date
      129 21 Reuters [SAN FRANCISCO] Hew-lett-Packard Company said it has set a shareholder vote for March 19 on its controversial plan to buy Compaq Computer Corp, in what would be the computer industry's largest merger. Compaq will hold its meeting a day later, the companies said in
      Reuters  -  129 words
    • Article, Illustration
      Lock icon Still more pain than gain for 3G mobiles
      644 22  -  liicomment INFOTECH Economic, technological, market-related concerns continue to bug progress kenneth james The writer is BT's Technology Editor ITS very name third-generation mobile cellular communications, or 3G —hinted at its glittering promise: a whole new way of communicating on the move through
      644 words
    • Article
      Lock icon E-market operators form new group
      488 22  -  It aims to help firms launch procurement projects efficiently, delivering on the promise of seamless global e-trade By. Raju Chellam SESAMI Inc, a Singaporebased 828 e-biz solutions provider, has joined six of the most active e-market-place operators worldwide to form a Global Interoperability Group (Gig).
      488 words
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  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      218 22 I >r 'c PLATFORM IN ASEAN AWARD |||lB§M thefßEA™ No.l "We're happy Receiving such a prestigious award can only reinforce the to recognise SUN'S already strong partnership Sun enjoys with BEA Systems. One Commitment to BEA worW^s ,ea d ,n 8 e-business infrastructure software companies, BEA Systems boasts more than
      218 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      288 23 Reuters THE Baltic Dry Index (BDI) was unchanged at 909, the Baltic Panamas Index (BPI) fell seven points to 903, the Baltic Handymax Index (BHI) dropped 13 points to 6,629 and the Baltic Capesize Index (BCI) was up 10 points to 1,006. TDOB-CHABTERt ♦Cape Providence (built 1967) 146,019
      Reuters  -  288 words
    • Article
      Lock icon MARITIME STOCKS
      254 23 Ny a w CWT OMribuHon 042 unch 223 Choar Hup 0.41 uncti 403 Coco tmmtmm« —0.24 -0.01 573 frotaMLWu 0.07 0.01 3M« GBHoMkigs 0.33 uncti 13 IMC HoMkigs-HK 5.60 undl 0 JayaHoidkigs 0.20 0J» 328 Kappol Marina 0-21 undi 720 KTlM 109 uncti 95 Marina 0JO 0.01 343
      254 words
    • Article, Illustration
      Lock icon K Line's S'pore ops a focal point in global network
      497 23  -  S'pore company to take over entire Aframax business By Donald Urquhart [SINGAPORE] Under a major reorganisation of its shipping operations, Japanese shipping line Kawasaki Kisen Kaisha Ltd (K Line) has made its new Singapore operations a focal point in the
      497 words
    • Article
      Lock icon Does bigger really mean better business?
      805 23  -  NEWBUILDS By David Hughes THERE'S a new shipbuilding giant just been born with the acceptance by regulators of the merger between Norway's Aker Yards and Kvaerner's shipbuilding arm, just one stage of Kjell Inge Rokke's takeover of the aUing Kvaerner empire. The merger is
      805 words
    • Article
      Lock icon Industry tipped to pick up as early as June
      340 23  -  By Beth Jinks [SINGAPORE] A commercial shipping industry recovery may begin as early as June due to stabilising capacity, a Singapore-based marine insurer predicted. QBE Marine Underwriting Agency general manager Chee Keng Koon told Shipping Times evidence of a drop-off in
      340 words
    • Article
      Lock icon Ships warned of wreck afloat in Gulf of Thailand
      239 23 Vessel believed to contain hundreds of tonnes of natural gas AFP [BANGKOK] Thailand's navy yesterday warned ships sailing along the Thai east coast to steer clear of a floating shipwreck believed to contain hundreds of tonnes of natural gas. Royal Thai
      AFP  -  239 words
    • Article
      Lock icon P&0 Princess back in the black
      200 23 Bloomberg [LONDON] P&O Princess Cruises, the No 3 cruise ship operator, said it returned to profit in the fourth quarter of last year as it cut costs and used promotions to attract US passengers. The company had earnings per share of 2.4 cents compared
      Bloomberg  -  200 words
    • BUNKERING industry
      • Article, Illustration
        Lock icon MPA can lead the way in cleaning up industry
        843 24  -  More research, stricter laws and effective monitoring can prevent future bunker fuel contamination, according to a top US-based fuel tester, bbth jinks reports BETH JINKS [SINGAPORE] A leading US-based fuel tester has suggested ways that Singapore could prevent future bunker fuel
        Photo by ARTHUR LEE  -  843 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      129 24 PAGC Fuhai 4 AppmMn S 4 BSA 6 Gcnurtrans 4 rtanq Me 6 Kangli 6 CMACGM 3 Hyundai 4 COSCO 3 Heung A 3 Columbus 6 Interasii 5 Central Ei 6 iRtsi 5 5 lUnHunq Cougar 6 CWTGtotwfink 6 %1tm RMTC 3 Moms 4 Dongnama 3 5
      129 words
    • Article
      Lock icon SHIPPING GUIDE
      13009 29 THEBUSINESSTIMES export ETA ETA Advertiser Vessel voyage Telephone I ETA ETA Advertiser Vessel vo.aoe SJN Dest'n Name Name Number Number SIN Destn Name Name NuT^T I 22/02 14/03 Hyundai MM API SPINEL I06W U 1)WI To ABIDJAN (ABJ) 2003 Cot* D'lvoire I Ta rdicranf inmri mm M/02 16/03
      13,009 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        660 31 Vessel Voy No Berth Arrive! Deperture MAUXVIS7AR 5268 06/02/6JS 07/02/700 HAJ6URI *****9 J12 06/02/650 06/02/1700 HKHUNO T 02- JM JH 06/02/8.35 12/02/7JO ■T U 4269 202 JOI 06/02/1000 06/02/6.00 SANOttEWA 2 86 J04 06/02/7:40 07/02/800 TROPICA! 28 02A02 J05 06/02/8:45 06/02/1700 VMS TAD 8 08S02 J03 06/02/8:10 06/02/2000
        660 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1870 31 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Batanct Rstls SWp VoyNo Etb/Btr NrUrt Frow To Fron Kl FUCOH 0271 l/WOO OS/BOO 05/1654 IUy-00 U 05/TTOC 06/MW Ot/OKO a ovmo ovmm ovotoo i maim ovnw mum 4 06/1200 06/MW 04AT00 *Hi5 4* 7/VOO ii OS/HM WM MrM a
        1,870 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        210 31 February 11 Japan: National Foundation Day Taiwan: Chinese New Year Eve Vietnam: Chinese New Year Eve February 12 Brunei: Chinese New Year China: Chinese New Year Hong Kong: Chinese New Year Indonesia: Chinese New Year Malaysia: Chinese New Year Taiwan: Chinese New Year Vietnam: Chinese New Year February
        210 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        778 31 THIS report compiled by Cockett Ma tine Oil Ltd. shows price ranges In US dollars instead of single prices for a more comprehensive description of the market. Prices shown are baaed on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        778 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        463 31 C«*M 180 Max 990.6 L0 M.1 0.09 68 0.04 JM 31 OwMttr Hater NsMm MUnWm No above E2S 0 1 0 0 0 0 380 Ave 982.9 0-B 13.3 0.05 26 0.02 (im. 380 Max 989.8 U 172 0.07 71 0J4 W3 %V/V %M/M mt m**4
        463 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon US to try out 100% bag-matching programme
        601 32 But major airlines oppose move, saying it would disrupt their hub system Reuters [WASHINGTON] The US government may close a loophole in its aviation security plan by requiring airlines to match all checked luggage with passengers on every domestic flight, a senior Transportation
        Reuters; REUTERS  -  601 words
      • Article, Illustration
        Lock icon BA's Jan traffic decline less than Dec's
        277 32 Bloomberg [LONDON] British Airways, Europe's biggest airline, said January passenger traffic fell 6.9 per cent, less than the previous month, showing that demand is reviving following a decline alter the Sept 11 attacks on the US. The reduction comprised a 10.4 per cent
        Bloomberg; AFP  -  277 words
      • Article
        Lock icon Qantas adds new routes with partners
        231 32 Bloomberg [SYDNEY] Qantas Airways, Australia's biggest carrier, will add overseas destinations to its network with its partners British Airways and AMR Corp's American Airlines as demand for international travel increases. The carrier will add flights to Phoenix, Arizona, and Oakland, California, with American Airlines'
        Bloomberg  -  231 words
      • Article
        Lock icon Maintenance dispute costs A$1m
        102 32 Bloomberg [SYDNEY] Qantas Airways' dispute with its maintenance workers has cost Australia's largest airline about Asl million (*****,000), said David Forsyth, executive general manager of aircraft operations. "We lost a number of production days of aircraft and engines," Mr Forsyth said. "In the current circumstances, no
        Bloomberg  -  102 words
      • Article
        Lock icon Delta Air to lay off fewer pilots as demand rises
        463 32 It is also recalling reservation agents from long leave Bloomberg [ATLANTA] Delta Air Lines Inc said it will lay off 300 fewer pilots than originally planned because of rising demand at the third largest US carrier. The number of pilots
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        Lock icon Malaysia Airports seeks tax hike
        110 32 Dow Jones [KUALA LUMPUR] Malaysia Airports Holdings has officially submitted a request to the government to increase passenger service charges, or airport tax, by 50 per cent, Malaysia's Business Times reports. The report said the request, which is likely to be approved, is to make
        Dow Jones  -  110 words
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        Lock icon Bombardier starts building new business jet
        181 32 AP [MONTREAL] Bombardier Inc announced it will start making the high-speed Global 5000 intercontinental business Jet after getting letters of intent for IS of the planes that cost US$33 million each. The new jet is designed to fly non-stop almost 9,000 kilometres, carrying eight
        AP  -  181 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
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      143 23 MPA can lead the way in cleaning up bunkering industry Pg2 US to try out 100% bag-matching programme BackPg Investment Opportunity I For Sale, ship repair centre in busy West European port directly from owners Land surface in excess of 370,000m 2 Lease until 2048 with indexed annual lease Six
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      453 24 NORTH AMERICA W OULF//MOM SUB-CONTINENT "H msa 161 *<» vnsa vot lu md fai OOQBWTOM Tww 21/01 10/02 —***** mviKo 1771: OOQMftt S4WO4 20/01 17/07 19/92 WIVBOO S8 11/01 02/02 19/91 OOQNnNBUND 14W05 06/01 14/07 It/91 PtO WUOTD PMAM OH 97/91 99/91 17/91 1 u/w u/w N/w Iwssa I W
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      521 24 Lines services represented by *W»rs of Regijlry of Agents, Singapore Shipp«ng Association Members of the Singapore logistics Association Ivnsa vot ha ~ru ~fta 1 P. HAM SPORf MALI E J V j Princess lily V 0202 08/02 09/02 16/02 P3 >*i& i in g Empress Lily VOlO2 25/02 26/02 06/03
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      1031 25 TO USA (SAX SIRVKI) VBStl VOY SM ETA LAI OAK DAI HOU Oil COi HUM K\ NYC API CYPBIM IQf 13/03 21/02 05/03 05/03 05/03 05/03 06/03 05/03 07/03 07/03 APIKIGtUM 1021 20/02 07/03 12/03 12/03 12/03 12/03 13/03 12/03 14/03 14/03 API HOLLAND 10M 27/02 14/03 19/03 lf/03 If/03
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      1411 25 »Mm T/ii vtunrs 1 HMAI > T/TtUMYS I AOABA T/Tll4 MV» J tSSSWSS »TC I Tit SBflKiii ?g?!i 7/43 IMUT>4i> rK B WW** «:«r-3siMM fax.- 07-ismiti ivSIM SNIPPING PTE LTD y SAW#f <*•**• outwaao (»/d 4?os*o? 2M53?5/;$ rorr kumg 03-*****433 oi-«»ruM aittiiwram. mbm <%m ra«o £SmT stSm« (S!msia. assu. Www
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      281 25 KMTC is launching a new fixed day direct service from Port Kelang Pasir Gudang Singapore to Shanghai fIMMaJMIS M*r4c Mw* uifrtaf M> IM B^»«sy w io|At»odwPHia Miniisi *»-7«n WM 4M-an7iM .*yy ,w< Nx: TMfIU/lMfllS fc« iwfci tfwihi M« IM HWZXI* £!S:!aa SHIPPING-—7™, NO: MimSMMM KRCHEKM OPtIATO« COOfc HI D MMMnH
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      698 26 rasa vor m m m iot umut mr Asunrtiss isu sajuo sajuo 11/02 09/07 02/01 ISM IS/0? 11/01 20/02 1 IS4A 26/02 24/02 02/03 04/03 ISS* 10/03 00/03 14/03 U/03 vcsa vor snu mm Mgro swmumi wm umum mm mst raw at MOUWS i/iw ii/oi iT/w 07/02 04/03 m/os 07/03
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      571 26 m saas%> WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN ICO POINTS FCL TO COQW. TUTCORM *i COLOMBO A KANOLA ria NHEVA SMEW «sa wr rw lau—ol co—am lon—at ait-JUBL waoMHoa 007* «n on isfb mum mmamm sawn* nisi m aureus* wins im isn <mmi uitwm no
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      1677 27 IVESSB. VOY KHH HKQ SIM PKI PXN lAI PMM UK MAN ISFAHAN PCI-245 03/02 06/02 09/02 10/02 17/02 U/02 20/02 22/02 IRAN HORMOZOAN PCL-246 09/02 12/02 16/02 17/02 24/02 25/02 27/02 01/03 IRAN TEHRAN PCL-247 16/02 19/02 23/02 24/02 03/03 04/03 06/03 03/03 MVUNOAVIA PCI-248 25/02 27/02 02/03 03/03 10/03
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      398 27 UK CONTINENT SERVICE Loadng for EXPLORER II RDM/ATW/BMN/UKAPL IKAN SEPAT R DM/ATW/BMN/U K/LPL OCEAN ISLAND ROM/ATW/BMN/UK/LPL Loads Singapore. E7W. Matayaa. Indoneaa MIDDLE-EAST SERVICE Loading for CORAU D6I/ABU/DOH/BRN/DMM/KWT JIN SHUN HODEIDAH/JEDDAH/AQABA PAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT JOHNNY L DBI/ABU/DOH/BRN/DMM/KWT •Loads Singapore. E7W Maiaysa Indonesia USA SERVICE Loadng for YELLOW KNIFE
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      450 28 WEEKLY SERVICE TO SOUTH AFRICA I SOUTH AMERICA rwt AtSO ACCgT bureo TO BO 6«AI«t. SAO HUNQSCO OOSUIJUCITiUM WMOOTEVIOa)) Vmml Vw S—r« Dwtw i'W« P. HhArtfc Clw litw >'»Mw Pw—w Swlw Inteigana Contanei ICWIS U'O? 24/02 24/02 24/02 27/02 W/03 11/03 IVO3 IS/03 "Rsois 1702 ***** m ***** ~WO3 U783
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  • Page 31 Miscellaneous
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      145 31 i °sf» K^j^r*l p$ r K .j 7 s\ v s > 0 X j IQDE 11PE i2bE\ wa&^J LEQEND: Issued by Meteorological Service Singapore R[ Thunderstorm Rain Temperature C—s' Wind direction and speed in knots Cloudy D»» VVea,he (X U a7v Wind speed symbols Sea Cond.tions O Full Circle
      145 words
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