The Business Times, 14 February 2002

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Total Pages: 24
1 24 The Business Times
  • 16 1 THE BUSINESS TIMES MIT A (P) 107/03/2001 85C Singapore Internet: http://business-times.asial .com.sg' THURSDAY, FEBRUARY 14, 2002
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  • 57 1 STOCK BAHET INDICES Wednesday Change KLSECOMP nnwMl NIKKEI 225 *M&ft -90J6 RANG SENG Owed SET INDEX MLM JAKARTA COUP _4J8.71 -106 MANILA COMP .1.388.64 *%33 TAIPEI WPI Closed SEOUL COMP dosed SHENZHEN B Closed AUSTALLORD J.41M0 -8.10 BOMBAY QfD _JJlft87 >2119 I las EST Cfeaue DOW 9*7,8 108.72
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  • 66 1 F0BEX1ATES U8S SS US$ (S$ per USS) L8» £(USI/St per 1.417 IW7 EURO(USt/S$/E). 0.87J UOO DM 1241 L2X3 YEN 134J 71<0 RM 1800 1078 HKS 7.800 4iS4 BAHT 43J1 tt96 RUPIAH 10.226 5,577 PRIME BATES SINGAPORE* 641 KUALA LUMPUR 6.40 HONG KONG u* JAKARTA __»oo TAIPH 4725 TOKYO 1.875
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  • 987 1  -  Hexclusive Q4 figures show stabilising trend, suggest improved investing climate From* Jennifer Lien in Silicon Valley THE US venture capital industry may have seen the worst of the current cycle, according to some recent figures. But this doesn't mean the industry is
    987 words
  • 756 1  -  -\i comment TECHNOLOGY The tech sector shows np well In a recent survey. Are the accolades deserved? kenneth james A SURVEY last year of some 400 influential Americans found the technology sector to be the most socially responsible among vertical markets. Gee, really? The finding
    756 words
  • 40 1 [HONGKONG;] Hong/congers with incense sticks offering prayers at the Wong Tai Sin Temple here on Tuesday the first day of the Chinese New Year. They were ushering in the Year of the Horse. AP
    AP  -  40 words
  • 699 1 Will US long rates go up this year or won't they? 90% of Wall St think they will, but some hold contrarian views Bloomberg [NEW YORK] Ninety per cent of Wall Street economists expect long-term interest rates to rise this year. But James Paulsen predicts they will fall to levels
    Bloomberg  -  699 words
  • Page 1 Advertisements
    • 92 1 prams Focus Parting company as friends: How Agilent helps its retrenched workers. Pg 3 Enron Saga SEC probe opens up Pandora's Box for stocks. Pg 2 Top Stories Tokyo fights hollowing out. Pg2 Low adoption of shareholder value concepts here. Pg4 Hock Lock Siew: Reconsider borrowing for share buybacks, PW4
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    • 70 1 B V LG A R I < »> I I Ml' <i I' \IM I I I I i i W I I I I' s Ili t' I! -i' i a i iii <,< 1M;•.1 p «t Iv' ***** i > II ll<> I v I I,i i. in
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  • NEXT page
    • 853 2  -  Hiiexciusive July report of study group will also focus on boosting competitiveness, industries to shed Reports from Anthony Rowley in Tokyo FACED with an accelerating shift of manufacturing activities to China and a more general "hollowing out" of its industrial base, Japan
      853 words
    • 540 2 RATING agency Moody's yesterday threatened to further downgrade Japan's sovereign debt amid growing signs that the international community is fast losing patience with Japan over its half-hearted efforts to avert a financial crisis and a deflationary spiral. That has raised the stakes for
      540 words
    • 918 2  -  ENBOMSAOA Analysts say many other firms could be hit by accounting practice scrutiny From, Andrew Marks in New York THE US stock market and others worldwide as a result could suffer short-term setbacks because of fears of widespread accounting trickery sparked by
      REUTERS  -  918 words
  • Page 2 Advertisements

  • CORPORATE focus
    • 1114 3  -  In helping its retrenched workers through the wrenching experience, Agilent Technologies drew on the values of its 'Agilent way', regional chief Tan Bian Ee and global CEO Ned Barnholt tell EEMMBTB JAMES KENNETH JAMES MORE than 300 employees of Agilent Technologies Singapore last year received an
      PHOTOS BY CHRIS LOH  -  1,114 words
  • Page 3 Advertisements
    • 169 3 Where to wine, dine and entertain... fE:22£s!£2 Traditional Family Reunion Pre-Lunar New Year Buffet Hong Kong Buffet wWi wttii Yusheng (7 10 Feb) Yaslteng fan) Lunch: $25.80 (Adult), Lunch: 28.80 (Adult). $15.50 (Child) $17.59 (Child) Dinner: $26.80 (Adult). Dinner: $36.80 (Adult), $16.50 (Child) $22.50 (Child) T i. Ytasheng Brunch High
      169 words
    • 69 3 REN RI DINNER Celebrate Ren Ri with a feast replete with a Lion Dance and firework* and an appearance by Cat Shen Ye, the God of Fortune. The Ren Ri Celebration it on at the Atrium on 18 February, from 7-30pm to 11.30pm Charges at $388 for member* and $488
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    • 68 3 "Fantastic value! I can enjoy solads, ice cream, local desserts ■w Ice tocang and tau soon, I On order of any local or wailem d sight from $4.90. Al prices+++ Jr "W it)?? Morv-frt: Lunch from 11.30 am onwards For ro ssrvvi tk/os, pWosc con 381 2138 J Windsor 401
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    • 31 3 fii\ Famtus \M\J Traditional j- Raw Fish i*&W ColoH Spring Court Oflloll The OUat Chinese A Restaurant m M \r 8/ Singapore unc* 1929 488, Upp East Coast Rood W: *****30/*****36
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    • 45 3 YOURCOSY HAVEN AWAITS Relax and unwind after a hectic day's work with a refreshing drink at the Mezzanine Cafe Bar. Reservations: 831 6286 Mezzanine -X--2nd floor nn Mandarin M| Singapore _J j JT- xmm^saaa MtllTVj 333 Orchard Road. Singapore *****7 Tel: 737 4411 FaxT737 7334
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  • SINGAPORE companies
    • 808 4 They point to China ops as key growth area; say its stock is cheap despite 43% rise from a year ago Dow Jones Newswires COMPUTER schools may not seem the sexiest story to sell on the trading floor, but analysts say investors seeking growth
      Dow Jones Newswires; FILE PHOTO  -  808 words
    • 647 4  -  l:f •zAli lock siew angela tan SINCE share buybacks were introduced here in 1998, some 32 companies have been repurchasing their stock. Leading blue chips such as Singapore Airlines, Singapore Press Holdings, OCBC Bank and Singapore Telecommunications have been among the most avid supporters
      647 words
    • 553 4  -  Biggest barrier is lack of understanding: survey By] Kalpana Rashiwala A SURVEY by PricewaterhouseCoopers of listed and non-listed Singapore companies has revealed a low level of understanding and implementation of shareholder value concepts here, al- though there is a high level of acceptance
      553 words
    • 445 4  -  Business has been profitable, grown at 35% per year over past five years By i Conrad Raj OPERATIONS of the Asian entities of Arthur D Little touted as the world's first management and technology consulting firm are not expected
      445 words
  • Page 4 Advertisements
    • 23 4 H Lianhe Zaobao B I Highest I I number of I unsold I condo units I lin the north J I J§§ff Jfl
      23 words
    • 87 4 b n y i, s Bahamas Samoa Full nominee, management, corporate secretarial, banking and professional administration services are available. We also specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants For further information and immediate service please contact: Marie Lim or John Ashwood OFFSHORE CORPORATE SERVICES
      87 words
    • 151 4 I xcc,,tnc.\lfn,„in,c,,h r IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF PZB ASIA PTE LTD (MMBMBERS VOLUNTARY WINOtNG UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the FINAL MEETING of the atxvenamed Company will be held at 112 Middle Road. *02-03 Midland
      151 words
    • 173 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TOPPAN COMPANY (SINGAPORE) PRIVATE LIMITED (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 of the
      173 words

  • SINGAPORE news
    • 573 5  -  MAILPETy Narayana Narayana Singapore I REFER to your article "SIAS sets up committee to resolve disputes" by Eugene Low (BT, Feb 6). It is good news for small investors to read in your columns that the Securities Investors Association of Singapore (SIAS) has
      573 words
    • 227 5  -  Tang Cheng How, Ryan Chief Commercial Officer SinoLog Asia Limited Guangzhou, PRC I REFER to your article "Be more aggressive, China official advises S'pore companies" by Leo Kee Chye (BT, Feb 4). I agree with Zhou Hongli, the Sin-gapore-based minister counsellor for economic and
      227 words
    • 92 5  -  Leong Sze Hian Singapore I REFER to your article "Consumer credit bureau to be set up in Sept" by Siow Li Sen (BT, Feb 1). One's credit report can influence one's purchasing power as well as one's chances of getting a job or buying a house.
      92 words
    • 216 5  -  Denis Distant Singapore WHILE some SGX-listed companies hold shareholders' meetings at their offices in industrial estates in Woodlands, Jurong or similar out-of-the-way places, there are many who show consideration and use function rooms in centrally-located hotels. In these difficult times, it puzzles me why
      216 words
    • 381 5 Labour chief warns of more lay-offs in first half of 2002 NTUC secretary-general Lim Boon Heng has said it is too early to talk about restoring the employers' CPF contribution rate or revising the National Wages Council's recommendations. The labour chief also
      381 words
    • 331 5  -  I T J 3on the economy wholesale prices -By I Serena Ng SINGAPORE'S wholesale prices continued to slip in December last year, led by falling crude oil prices, though the stronger US dollar resulted in higher prices for some electronics items. Month on
      Source: Dept of Statistics  -  331 words
    • 437 5  -  By' Vince Chong INDUSTRIAL sales specialist Colliers Jardine is growing its residential team in the hope of catching the property market when it rebounds. The firm has two residential staff members both recent additions and more will be added over the next
      FILE PHOTOS  -  437 words
  • Page 5 Advertisements
    • 69 5 We welcome letters. E-mail us at btletter9sph.com.sg or fax us at 319-8277, or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and
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    • 179 5 TheßusinessTimes "1 "1 weekend (warm $180) --v^s* of Aromatherapy A New BT for your weekend The Business Times has launched an all-new If you are an existing Straits Times or Lianhe weekend edition. Zaobao subscriber, you can get the all new Business Times Weekend edition for 12 months Aside from
      179 words

  • EDITORIAL & opinion
    • 751 6  -  STTT^ bottom line OPINION frank ching The writer is a Hong Kong-based journalist and commentator IF imitation is the highest form of flattery, Washington should feel highly complimented by Beijing. Over and over, China has shown that America is its role model and that
      751 words
    • 97 6 'It is not a clash of civilisations; it is a clash against Islam. Let's call a spade a spade.' Amr Moossa Arab League secretary general, in a typical response of many Muslims to President George W Bush s comments on Iraq and Iran, and US ties with
      97 words
    • 635 6 EDITORIAL WHEN the Thaksin Shinawatra wave swept the telecom tycoon to power one year ago, many Thai voters saw in the dashing leader an economic saviour. One year on, Prime Minister Thaksin may feel he has little to show for his time in office. He
      635 words
    • 941 6  -  EU governments are riled at what they see as Washington's 'absolutist and simplistic' foreign policy and its 'unilateralist overdrive' From Shada Islam The writer is BT's Brussels correspondent in Brussels IT was fun while it lasted. But transatlantic entente spurred by the Sept
      REUTERS  -  941 words
    • 692 6  -  COMMENTARY It's handling the global slowdown mnch better than rest of region By William Pesek Jr The writer is a columnist for Bloomberg News. The opinions expressed are his own. Bloomberg [SEOUL] Jeoung Park stares out of the window of a Starbucks cafe in
      Bloomberg  -  692 words

  • REGIONAL news
    • 443 7 Analysts say deal will help Astra, which owns 35% of Pramindo, with its debt payment Reuters (JAKARTA] In a deal that will benefit Cycle Carriage's Astra International, Indonesia's domestic telecom giant PT Telekomuni- kasi Indonesia (Telkom) will buy out PT Pramindo Ikat Nusantara,
      Reuters  -  443 words
    • 1202 7  -  Despite the brawl over Ibra's debt proposal, the national leadership to stabilising nnder Megawati, writes castle JAMES CASTLE The writer, chairman of the Castle Group, is the past president of the American Chamber of Commerce in Indonesia MUCH is being made of the Indonesian Bank
      1,202 words
    • 279 7 Bloomberg Reuters [BANGKOK] Thailand's central bank said Deutsche Bank AG withdrew an advertisement containing a pun that some Thais found offensive and will apologise. The biggest European bank's advertisement in the Economist magazine, which read "No bahts about it, our FX solutions
      Bloomberg; Reuters  -  279 words
    • NOTE Book
      • 77 7 Reuters [MANILA] The Philippine Stock Exchange (PSE) has decided to extend daily trading by an hour-and-a-half following requests from brokerages, but no start date for the new session has been decided yet. The PSE board yesterday agreed that trading should run from 990 am until23opm
        Reuters  -  77 words
      • 60 7 AFP [BEIJING] Japan remained China's most important trading partner in 2001, with two-way commerce totalling U5187.8 billion, up 5.5 per cent on the previous year, figures showed yesterday. Ttje US was just behind, with trade of U5180.5 billion, an increase ofBJ per cent, according
        AFP  -  60 words
      • 65 7 Bloomberg [JAKARTA] Shares of PT Bank Niaga, nationalised daring Indonesia's financial crisis 0f1906, posted their biggest gain in two and half years after the country's bank rescue agency said it vUI sell 51 per cent erf the lender. Bank Niaga's shares rose 25
        Bloomberg  -  65 words
      • 76 7 Reuters [BANGKOK] Thai Farmers Bank yesterday said It would take five to six years to manage its billions of dollars worth of bad loans back to normal levels. Senior vice-president Krisada Lamsam said normal levels for non-performing loans (NPLs) would be 2-3 per cent
        Reuters  -  76 words
      • 64 7 AFP [TOKYO] Japan's Kirin Brewery plans to produce beer under its label in Australia and China in a bid to boost sales in Asia-Pacific markets, the Nikon Keizai Shtmbun said yesterday. Australia's Lion Nathan, in which Kirin has a stake, wiU produce Kirin beer in
        AFP  -  64 words
    • 242 7 BANGKOK Bnt date and exact venae of the meeting has not been finalised yet THAILAND announced yesterday that it would host the Asia-Pacific Economic Cooperation (Apec) forum leaders' summit in December 2003 in its capital city of Bangkok. "We will
      242 words
    • 493 8  -  Agency exploring new ways to sell debt to raise 43t rnpiah for state From Shoeb Kagda in Jakarta THE Indonesian Bank Restructuring Agency (Ibra) is exploring new and innovative ways to enhance the sale of loans under its management as it gears up
      493 words
    • 500 8  -  Report also cites better corporate profits, US recovery From Harish Mehta in Bangkok A 30 billion baht (551.25 billion) Thailand Opportunity Fund that will start investing in the Thai market this month, coupled with a slew of initial public offerings on the
      AFP FILE PHOTO  -  500 words
    • 280 8 WASHINGTON Bnt Delhi dismisses Mnsharrafs warning to US AFP PAKISTANI President Pervez Musharraf said on Tuesday he had warned US leaders that he believed India may be planning to deto- nate a new nuclear test. A day before he was due at
      AFP  -  280 words
    • 757 8  -  US officials regard Pakistan as unreliable state From Leon Hadar in Washington WHILE US President George W Bush and Congressional leaders will shower Pakistani President General Pervez Musharraf with much praise during his visit to Washington this week, many American officials and lawmakers
      AFP  -  757 words
    • 327 8 MANILA Greater disclosure comes as PSE begins probe Bloomberg, AFX FILINVEST Land Inc, a Philippine developer of cheap homes, will meet investors and analysts tomorrow to discuss a bond sale, after regulators said they would investigate the way the company disclosed
      Bloomberg,; AFX  -  327 words
  • Page 7 Advertisements
    • 140 7 i'i r C Let's Toast j Singapore's Top Fund Managers V•' JRPv 1 K Guest of Honour: m Mr Ng Kok Song Jt Managing Director (Public Markets) Mp Government of Singapore M Investment Corporation Mr The annual Investment Fund Awards is here JF again to honour the top-performing funds and
      140 words

  • Page 8 Advertisements
    • 90 8 I 5' MP nnn nAA A rhe new m tiotlme I B m B The Business Times has moved to K 4/jJ 1000 ToaPayoh North, Podium Level 3. Singapore *****4 9| H H H K Ybu can also reach us at the following numbers: iH I I I tm I
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  • Article, Illustration
    533 9 Transaction date: Feb 11 I H-mes.VKvnti>tr Short 1-3fVlont>3nl wthkBMIOKOBIIATBI PMl 9m < —t «r ft MM m«m m flJr UM UN 249CT52J57 (LMI UK 1946 iniMfMMt 9Mf ftju WMOMi AM ftfi? ST asiSSESSStS X.IS"-" r sst» •ssa^^tsstsa^^ssassisis fr 2tt LM QJ52 L2N UN UK tUM QJ79 1190 UN (J?
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  • WORLD news
    • 607 9 WASHINGTON Analysts say consumers have the money and they are supporting economy Bloomberg, AP, Reuters, AFX US RETAIL sales excluding autos rose more in January than any other month in almost two years, a sign that consumers are supporting the economy
      Bloomberg,; AP,; Reuters,; AFX  -  607 words
    • 437 9 NEW YORK/SYDNEY Reuters RUPERT Murdoch's News Corp Ltd posted a US$6O6 million second quarter loss after writing down the value of its broadcast sports contracts amid an industry wide advertising slump. Media mogul Murdoch admitted the results had fallen short of the company's
      Reuters; AFP FILE PHOTO  -  437 words
    • WORLD Watch
      • 53 9 Bloomberg [FRANKFURT] Dresdner Bank, the bank bought by Allianzin July, said 2001 net income dropped 89 per cent as costs for potential loan defaults increased and fees were arimped by falling stock markets. Net income dropped to 186 million euros (***** million) from 1.72 billion
        Bloomberg  -  53 words
      • 58 9 Bloomberg [WASHINGTON] Record trading in 2001 at Eurex AG, the Chicago Mercantile Exchange and other derivatives exchanges helped boost global demand for fbtnres and options contracts 57 per cent above the year-earlier level. Traders bought and sold 3.18 billion fixtures and options contracts worldwide
        Bloomberg  -  58 words
      • 61 9 Reuters [WASHINGTON] The nine state attorneys-general pressing an anti trust case against Microsoft Corp told a judge on Monday she should bar more than a dozen last-minute witnesses Microsoft plana to call. They told the judge that Microsoft had used a "hide-the-ball" tactic by naming
        Reuters  -  61 words
      • 54 9 Bloomberg [NEW YORK] Viacom, the owner of the CBS and UPN TV networks, had a fourth quarter loss of U5542.5 million as advertising sales fell. The loss was 2 cents a share compared with net income of US$3O.4 million, or 2 cents, in
        Bloomberg  -  54 words
    • 236 9 PHILADELPHIA Reuters US President George W Bush has decided to oust Iraqi leader Saddam Hussein, and has ordered the CIA, the Pentagon and other US agencies to devise plans to remove him, the Philadelphia Inquirer reported yesterday. The newspaper said no military strike
      Reuters  -  236 words
    • 406 9  -  Company says sales would be lower nnder US roles From'. Neil Behrman in London CABLE and Wireless shares plunged 8 per cent to a 10year low of 221 pence yesterday after the company revealed that revenue booked from sales to other telecoms companies will
      406 words
    • 433 9 ZURICH Bloomberg ABB Ltd said former chief executives Percy Barnevik and Goeran Lindahl received too much retirement pay and demanded some of the money be returned after Europe's No 1 electrical engineering company had its first loss. Mr Barnevik
      Bloomberg  -  433 words
    • 295 9 BRUSSELS NYT THE European Union backed down on Tuesday from sending Germany a politically embarrassing official warning about the size of its budget deficit, instead accepting new commitments from its largest member to put its Budget in order. Finance ministers of the union's 15 member
      NYT  -  295 words
    • 478 10 NEW YORK Amounts relatively small, but the movements broke the company's rules NYT, Bloomberg THE chief financial officer of Nortel Networks was forced to resign on Monday after the company said it had notified regulators of suspicious trades in his 401(k) retirement account. According
      NYT,; Bloomberg  -  478 words
    • 958 10 NEW YORK Analysts question ethics of founder's share sales NYT EVEN as the government looks for evidence of accounting fraud at the troubled communications company Global Crossing, some analysts are shaking their heads over the apparently legal ways the company's executives were able to
      NYT; AFP  -  958 words
    • 564 10 EMBOM SAGA Effort to show company making higher profits Reuters [LONDON] Managers at collapsed energy trading giant Enron routinely put pressure on traders to inflate the value of deals on their books to enable the company to show ever-increasing trading profits, according to
      Reuters  -  564 words
    • 815 10 NEW YORK His comments on Shilling, CFO to Enron panel cited Reuters, LAT-WP REMARKS by former Enron Corp chairman and chief executive Kenneth Lay in January show at least two occasions on which he may have misled the public, the Wall Street Journal
      Reuters,; LAT-WP; REUTERS  -  815 words
    • 229 10 HOUSTON Reuters, LAT-WP ENRON Corp on Tuesday said that its current equity stakeholders will not receive any interest in a postbankruptcy company, an indication that creditors hoping for recovery are faring an even tougher fight than previously thought Enron said its existing equity
      Reuters,; LAT-WP  -  229 words
    • 690 11 NEW YORK Tour-Year Cycle' theory points to Oct low, say some technical analysts Reuters IT takes place every four years, but it's not the Olympics, World Cup soccer championship or even a leap year. It's the "FourYear Stock Market Cycle", and some of Wall
      Reuters  -  690 words
    • 605 11 Government relieved as it prepares to start talks with IMF AFP, Reuters [BUENOS AIRES] With IMF negotiations set to get under way in Washington, the government of crisiswracked Argentina on Tuesday heaved a sigh of relief at the stability of the
      AFP,; Reuters; AFP  -  605 words
    • 249 11 WASHINGTON Bloomberg THE American Stock Exchange (ASE) is considering ways to separate from parent National Association of Securities Dealers (NASD) by year-end, including a merger or sale to a US or overseas exchange, ASE chairman Sal Sodano said. This effort, which is just
      Bloomberg  -  249 words
    • 402 11 LONDON Growth in second half of last century won't be repeated Bloomberg INVESTORS may not make as much money by investing in US and UK shares as they did during the second half of the 20th century, a period boosted by increasing
      Bloomberg  -  402 words
    • 234 11 NEW YORK Reuters KLD Research Analytics Inc and the Nasdaq stock market said on Tuesday they were teaming up to launch the first sociallyscreened investment index based on a specific stock market. The KLD-Nasdaq Social Index is initially comprised of 280 Nasdaq companies with about 75
      Reuters  -  234 words
    • 454 11 WELLINGTON Bloomberg INDEPENDENT Newspapers Ltd, New Zealand's largest newspaper publisher, said first half profit nearly doubled as it paid almost no tax after boosting its stake in unprofitable Sky Network Television Ltd. INL, which owns about half the nation's newspapers, said profit in
      Bloomberg  -  454 words
    • 275 11 TOKYO Bloomberg DAIDO Life Insurance Co policyholders plan to raise about 161 billion yen (552.2 billion) selling shares, becoming Japan's first publicly traded life insurance company. Policyholders have agreed to sell 598,215 shares which will be offered in Japan and overseas, the company said
      Bloomberg  -  275 words


  • Page 11 Miscellaneous
    • 157 11 CKVPTIC CROSSWORD 1 In which one gets time to 25 Some of the main castles 26 Drop of moisture round bear- 31 Deliveryman?(l3) QQWH 15 Descriptive of a great sea- YESTERDAY'S SOLUTION 2 16 mounting watch? JJ'ftSj' 20 Mbw coat? Yes, put on for KSS warmth (3-4) Cheque. 23 Kheehole,
      157 words

  • OSCAR nominations
    • 957 12 Its competitors in best picture include 4 A Beautiful Mind' and 'Monlin Rouge' Bloomberg AP AOL Time Warner's The Lord of the Rings: The Fellowship of the Ring led the annual Academy Award nominations with 13, including best picture and best director
      Bloomberg; AP; AP, AFP  -  957 words
    • 113 12 AP [BOMBAY] The cast and crew of the Indian film Lagaan cheered wildly on hearing that it had been nominated for an Oscar in the best foreign film category. Only two other Indian films have been nominated for an Academy Award, Mother India in 1957
      AP  -  113 words
  • 1506 12 SICOM FUTURES Feb 8 raan Fi*ra (CMmrlCM) KSICScwbfe) Oooq VotaM OfM I— Stt (towm) Mortrt Mor 02 IKJO A* 02 *7.75 •toy 02 1*25 to 02 118.75 KS3(UScMtsAtf Vo8mo Om W» Urn lott ftowos) Mowt Mar 02 4150 SO Apr 02 45.75 43.75 64-25 025 2325 tor 02 45.75
    1,506 words

  • 4656 13 i Transaction date: Feb 13 for more, go to wirwnsicumertTnarkets/xnn HONG KONG nfcnopt m w- i£ AcrosAua Muttxrwdia 0.45 ia*h 0 Alpha General 0.04 inch 640 AmoyProp 410 0.05 1019 AnandaWlngOn .0.06 0.01 *****0 Angang New Steel H 1.19 0.02 9794 Anhu Conch M 128 0.10 5994 Anhui
    4,656 words
  • BIZIT
    • 271 13 Dow Jones Newswires [WASHINGTON] A computer industry trade group, saying a shortage of skilled technology workers represents a national security issue, is calling on Congress to pass tax credits that would pay for training to fill jobs and help
      Dow Jones Newswires  -  271 words
    • 576 13 The product conld also drive demand for Microsoft's enterprise server software Reuters [SEATTLE] It is not Windows or Office, but Microsoft Corp is about to launch what analysts say is one of its most important products, a key stepping stone to
      Reuters; REUTERS FILE PHOTO  -  576 words
    • 333 13 Bloomberg [CUPERTINO, California] Apple Computer Inc, which makes QuickTime software for viewing and distributing video over the Internet, said it will not use the latest software for better-quality digital video because of licensing restrictions. Apple will delay the release of its QuickTime player that
      Bloomberg  -  333 words
    • 190 13 AP [SAN JOSE, California] Apple Computer, Sun Microsystems, and Ericsson have teamed up to develop a system for bringing multimedia content, such as movie clips, to cell phones and other wireless devices. Analysts say the three companies are laying their stakes and jockeying for
      AP  -  190 words
    • 265 13 AFP [WASHINGTON] US regulators said they would increase efforts to crack down on deceptive e-mail ads called spam but acknowledged many unsolicited email are legal. The Federal Trade Commission (FTC) said it had reached a settlement with seven individuals to stop an Internet
      AFP  -  265 words
    • 180 13 AFP [SAN FRANCISCO] Top computer security agencies and computer safeguarding corporations have warned of a serious vulnerability in a common computer network programming language. Called Simple Network Management Protocol version 1 or SNMP the code is used by much of the underlying structure of the Internet
      AFP  -  180 words
    • 557 14  -  E-commerce spending will cross the USslt mark, with strong growth in all geographic regions By Raju Chellam BY the end of this year, more than 600 million people will access the Internet globally, and spend more than US$l trillion buying goods and
      FILE PHOTO  -  557 words
    • 545 14  -  By\ Richard Keil, Anna Marie Stolley Bloomberg [WASHINGTON] The US federal government may issue an alert this week on possible vulnerabilities in US computer systems, two senior Bush administration officials said. The government is concerned about weaknesses in computer systems used to
      Bloomberg  -  545 words
    • 1065 14  -  Anxiety about cyber terrorism has given Network Associates a new lease of life By Elisa Williams Copyright 2002 Forbes Global Inc THE residents of Manhattan are already on edge about terrorist attacks, but have they considered what would happen if fanatics got hold of the computers monitoring
      Copyright 2002 Forbes Global Inc  -  1,065 words
    • 881 14  -  By\ Raju Chellam THE book Branding The Digital Age should have been written a year or two ago; it would have saved a few dotcom startups from going belly up. That's because branding in the digital world is still a hotly-debated topic for
      881 words


  • SHIPPING TIMES
    • 293 15 Reuters THE Baltic Dry Index (BDI) rose six points to 933, the Baltic Panamas Index (BPI) gained 13 points to 935, the Baltic Handymax Index (BHD firmed three points to 6,563 and the Baltic Capesize Index (BCD was up seven points to 1,135. Anangel Pride (built 1993) 161,605
      Reuters  -  293 words
    • 233 15 sh mo Nil V- W CWTOWrlMton—0.62 -0.01 12 CHUMlM* 0.41 IBIdl 7M Coaco InvwtnMnt _0-23 undi 481 FrdgMtMu OXft undi 42 GBHoMkifS 0.53 wtdi 0 IMC HoMlngs-HK —5.60 undi 0 0.19 uncfi 83 KappMC«rp 4J6 aiO W4 Miiwi 0l2I uncfi 333 Td> 109 undi 38 uKyMwfew 0-29 undi
      233 words
    • 726 15  -  S'pore's harmonions industrial relations also a plus for port By George Joseph [SINGAPORE] PSA Corp remains highly competitive as it has been able to provide round-the-clock efficient service to shipping lines, Minister in the Prime Minister's Office Lim Boon Heng
      726 words
    • 260 15  -  From Alec Almazan in Manila A Japanese consortium comprising Mitsubishi Kawasaki and the Toyo Group were recently awarded a contract for the construction of the Mindanao Container Terminal in Misamis Oriental. The U5592.6 million port is set to be built in the
      260 words
    • Article, Illustration
      43 15 [BREST] French surveillance ship Alcyon pulling dangerous chemical waste tanks to Brest harbour, western France. The three tanks are part of the lost shipment of US ship Lykes Liberator following bad weather off the French coast on Feb 1. AFP
      AFP  -  43 words
    • 182 15 Bloomberg [LONDON] Carnival Corp said more than 29 per cent of P&O Princess Cruises pic shareholders favour a delay in approving a proposed US$7.4 billion combination with Royal Caribbean Cruises Ltd. "We are delighted with the growing level of support
      Bloomberg  -  182 words
    • SHIPPING news
      • 430 16  -  Two major Japanese firms sign np to bolero .net system By P T Bangsberg ONLINE logistics firm Bolero International is expanding its Asian operations with contracts to assist two large Japanese companies. Toray International, one of the world's largest chemical and textile companies, and Mitsui Soko,
        430 words
      • 69 16 Reuters [GISBORNE, New Zealand] The grounded log carrier, Panama-registered Jody F Millennium, has oil pumped into a specialised inflatable barge at Gisborne's Waikanae Beach. As much as 40 tonnes of oil has leaked from the ship, and around 30 cubic metres of oil-contaminated sand
        Reuters  -  69 words
      • 142 16 PACE Appenship 5 BSA 6 rUnqMts 6 CMACGM 3 COSCO 3 CotumiMH 6 i Central Ei 6 CMMSHpq S S Cougar 6 t CVTGttwta* 6 OH mas 4 Donqnama 3 ECl 3 Evergreen 4 FoongSun S Fuhai 4 Fuptrans 4 Gemartrans 4 Hangti 6 Hyundai 4 Heung
        142 words
    • 5701 21 THEBUSINESSTIMES 5DAY, FEBRUARY 14, 2002 EXPORT ETA ETA Advertiser Vessel Voyage T«l«phooe SIN Desfn Nairn Nam* Number Number 4NMMNNM8M8HMKM8HI MttMNN To ABIDJAN (ABJ) 2003 Cot* D'lvoir* 21/02 24/01 Mw HYUNDAI LIBERTY 307W *5-*****44 2V02 21/03 CMACGM SAUOI JCDOAH aUW 45-2757(00 2V02 04/04 China Shpg VILLE DC LIBRA 4aw
      5,701 words
    • SHIPS IN PORT
      • 320 22 V#ssal Voy No Berth Arrival Departun Jm —f Part LOW FU 203 J15 13/02/6.40 13/02/18:00 OMCJUMC IK JOT 13/02/730 15/02/8:00 0R1EMT MS 53 J17 M/02/2 30 15/02/600 RAW *002 JOB 14/02/500 15/02/800 MAHSURI *****1 J12 14/02/7:6 M/02/1940 SUM FMTUNI J12 14/02/8:00 S/02/840 WWSTAR1 18S02 J03 14/02/940 14/02/2040 BAYSWATERW
        320 words
      • 1870 22 KECIIVIN6 Of EXPORT Fa COHMIHHIS AND LCI CAR60 Booklnq/Bttancv Bjtlj Sjj¥ VoyHo Etb/Btr Ported FroM To Fro* town* in u ivhoo u/mw u/mo 13/noo u/*h u/mo ZA amo MAMm worn 2* 13/1700 M/0659 worn 3 M/0700 M/1159 M/MOO 4 M/BOO M/MM M/1700 w cm* M/BtfO u U/BOO U/M59
        1,870 words
      • 204 22 Feb 19 United States: Presidents Day. Feb 23 Brunei: National Day. Marl South Korea: Independence Move ment Day. Mart Brunei: Hari Raya Haji. Indonesia: Idul Adha A.H. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Mar 17 Ireland: St. Patrick Day. United Kingdom: St.Patrick's Day Mar 20 Japan:
        204 words
      • 798 22 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        798 words
      • 470 22 Carta* no Mu 990.7 10 MJ 0.09 68 0.04 FA 7 Density Mar htta AsMtoaMwi MKmt No above E2S 0 0 0 0 0 0 380 AM 962.9 02 13.4 0.05 26 0.02 lam 380 Mu 989.8 16 172 0.07 71 0.04 %in M/M mt mMmt
        470 words
    • AIR & LAND transport
      • 676 23 Airline will shed another jobs; aimsfor£6somof cost savings a year Dow Jones Newswires [LONDON] British Airways yesterday unveiled a major package of measures designed to return the airline to profitability. There will be a further 5,800 of job
        Dow Jones Newswires  -  676 words
      • 29 23 [TOULOUSE] The new Airbus A340-500takes off for a maiden flight in Toulouse. The four-engine jet with a range ofl6.oookm completes the long-range aircraft family of Airbus. AFP
        AFP  -  29 words
      • 173 23 Dow Jones [WELLINGTON] Finance Minister Michael Cullen wants Air New Zealand's new chief executive, Ralph Norris, to build on the good will that trade unions have shown towards the airline's reconstruction. Mr Cullen, in a statement yesterday, said Air New Zealand's
        Dow Jones  -  173 words
      • 301 23 Reuters [NEW YORK] Aircraft engine maker Pratt Whitney may be close to naming express shipper FedEx Corp and Dubai's Emirates airlines as new customers for an engine to power the A3BO superjumbo plane, according to industry sources close to the situation.
        Reuters; FILE PHOTO  -  301 words
      • 143 23 Dow Jones [NEW YORK] Russian families of passengers of the ill-starred Tu-154 airplane, which was shot down by a Ukrainian anti-aircraft missile last year, have reflised to accept US$2,OOO each in compensation from the Sibir Airline. They said the sum was not
        Dow Jones  -  143 words
      • 483 23 Soros-funded Jetßlue buying more planes Bloomberg [WASHINGTON] Jetßlue Airways Corp filed for an initial stock sale to raise as much as US$l25 million to buy more planes as the lowfare carrier prepares to fly to new cities. Regional carriers are winning passengers with
        Bloomberg  -  483 words
      • LOG Book
        • 171 23 AP [MONTREAL] A global strategy to strengthen aviation security win be the focus of a high-level UN conference this month in Montreal. The Feb meeting of the International Civil Aviation Organization (ICAO), the UN Agency that oversees civil aviation, will bring together transportation ministers
          AP  -  171 words
        • 133 23 Bloomberg [BETOBSDA, Maryland] Lockheed Martin Corp, the largest defence contractor, said it won a US$2.6B billion contract from the US Air Force for 13 F-22 fighter aircraft. The air-to-air combat jets are scheduled for delivery at the end 0f3004, said Greg Caires, a Lockheed
          Bloomberg  -  133 words
        • 85 23 Bloomberg [TOKYO] Kawasaki Heavy Industries Ltd. Japan's second biggest aerospace company, will develop wingtips for Boeing Co 737 aircraft, the companies said in a statement Kawasaki Heavy will make the tips of the so-called talendedwinglets, which increase ftiel efficiency and range, the release said.
          Bloomberg  -  85 words
      • 1563 23 ott man cw man n» MM LM9771 t»00 S8230 WOO *iMtartM S023 0625 (LUt 2300 S0323 0655 S0324 2345 6*975 1100 MP 845 Wtmmmtm 1—3 mm ImtUmt *242*6 2020 H242K 2045 SQ2M w «a» aa ■MM trm w WWW Wft*M6 Q25 M/6AM7 0755 »W1 lm»M M107
        1,563 words
    • LOGISTICS page
      • 688 24  -  Hong Kong container terminal operators are determined to make Hong Kong, already the world's largest container port and second largest airport in terms of freight volume, a top logistics centre, reports p tbajtosbero P T BANGSBERG HONG Kong's main container terminal operators are
        688 words
      • 165 24 [SINGAPORE] The Singa-pore-based Logistics Institute Asia Pacific (LIAP) has launched a Centre of Competence in Optimisation (COC) to develop support products and solutions specifically for regional manufacturing and service industries. The institute will now embark on developing optimal logistics software for Asia Pacific conditions in
        165 words
      • FAST Forward
        • 94 24 (W ASHINGTON] A non-vessel-opera ting common cai rier (NVOCC), Universal Logistic Forwarding Co. had a US$l.2 million fine against it upheld by the US Federal Maritime Commission (FMC). The NVOCC was charged in September 2000 with violating the US Shipping Act by charging below-tariff rates
          94 words
        • 74 24 [SINGAPORE] Members of the Eurosal liner consortium have decided to add two ship 6 to their Europe-West Coast-South America service from ApriL Hie lines will now employ ten 1,850 TEU vessels on the weekly run. The same lines, as part of the NCS consortium, are
          74 words
  • Page 15 Advertisements
    • 24 15 loqiotcs to become HHIhMDp Asia's ylffllrWWfc :Mu logistics centre, page BA mimm to rttum to proflUMHj*, Page 9 Bohre expands Ma praaanca, Page 2
      24 words
    • 85 15 The advent of Information Technology and intermodal logistics solutions have dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics hub of the region. To keep our readers updated. Shipping Times now features a full page on logistics on Thursday every fortnight with news of current
      85 words

  • Page 16 Advertisements
    • 406 16 NORTH AMERICA QULFIINOtA SUB-CONTWCNT 1 m i wgl srw'»-*cA*T<fcgg p»x) MißTif nana rm—ii whit 1 pr \i>, m r% i h~ SS ZZ ISS I sn ss m~ I ooawrouw own n/w os/m r*o»uorß«uca i« u/w u/02 14/02 wauonaommm qti «/w mm I«g I w I if Wt B I
      406 words
    • 603 16 I** l services represented by I of *eßegi*y of Accredited Shipping Agents, xssy Singapore Shipping Association Members of ihe '•rasi- Singapore Logistics Association Ittssa VOY I ETA ru ru P.KUN6 von MALE 9 Empress Lity VOlO2 26/02 27/02 07/03 Princess Lily V 0302 13/03 14/03 21/03 Empress Uly V 0202
      603 words

  • Page 17 Advertisements
    • 954 17 TO USA (SAX SERVICE) VESSEL vor SJNTO LAX OAK ML HOU Oil COl MUEM I *n rrc tncmm ioqe 13/02 21/02 05/03 05/03 05/03 05/03 04/03 05/03 07/03 07/03 API BELGIUM 102f 20/02 07/03 12/03 12/03 12/03 12/03 13/03 12/03 14/03 14/03 APL HOLLAND 10M 27/02 14/03 19/03 19/03 19/03
      954 words
    • 1469 17 It BOSTON I I/T <SS MTt AIM CAIUM 08, m ft arc W 4 *H 57/ 3 2M5321/71 MAIATSIA Of FKI: MS* GUOANG TEL 07-******* WUL 07-*****70 CO STAR SHIPPING PTI LTD I?'"—®** ww otnwuo (i/u *****02 *****25/75 potr alang tHttiiiu 03-******** a NO: **********011 TIL- 726 1900 (MAIN) INWAftD
      1,469 words
    • 322 17 KMTC is launching a new fixed day direct service from Port Kelang Pasir Gudang Singapore to Shanghai aHlfo Af#lfs: M+dnra IMmlm 14a IM ki SUfftoa Apidn Pit U4. T«k *****51 NV 403-7077 2207(Tu) 4M-*****533 J" hi: *****14/*****15 totakm tmr4to* IH»Im AfMdm Ma OM VIHU Mmw N— fTiH t$ Tlttllt fu)
      322 words

  • Page 18 Advertisements
    • 1761 18 HMk HYUNDAI MERCHANT MARINE CO., LTD. |mm wn IJ I son 1ml«w I wit 1 hmi Iwv [msa Ivor I sou Ii» rm I /wr Ihml «v %m wrings xssw n/n a/ta 27/02 a/02 02/0 j S44i 25/01 2*/ot 20/01 "a/ofT TW maun ion* is/oi M/n m/um/d 07/03 ivi 21/01
      1,761 words
    • 525 18 I® E&e WEEKLY EXPRESS SAIUNG SCHEDULE ALSO MOPTM TO ALL NORTMBW ANO WESTERN CO POMTS Fd TO COCHM. TUTiCOfUN rta COLOMBO I KANOLA NHEW SICVA ww iwi cou—o I uwl n— lomkmm" im JUBL wMoutme un mis our is fa muki Mtaaran wok nisi m ■ouraus* trnis ITS iJI lira
      525 words

  • Page 19 Advertisements
    • 1692 19 kkssh IVtSSB. VOY KHH HKO I SIN PKL PX» lAI DM* UK IRAN HORMOZGAN PCL-246 09/02 12/02 16/02 17/02 24/02 2S/02 27/02 01/03 IRAN TEHRAN PCL 247 16/02 19/02 23/02 24/02 03/03 04/03 06/03 OK/03 MVUNDAVIA PCL-246 25/02 27/02 02/03 03/03 10/03 11/03 13/03 IS/03 IRAN KERMAN PCL-249 04/03 06/03
      1,692 words
    • 397 19 R1 k UK CONTINENT SERVICE Looting for EXPLORER II RDM/ATW/BMNAJK/LPL I KAN SEPAT RDM/ATW/BMN/UK/LPL OCEAN ISLAND RDM/ATW/BMNAJK/LPL Loads Singapore. E7W. Matayaa. Indoneam MIDDLE-EAST SERVICE Loadng for CORAL) DBl/ABU/DOH/BRN/DMM/KWT JIN SHUN HOOEIDAH/JEDOAH/AQABA PAN EXPRESS DBl/ABU/DOH/BRN/DMM/KWT ASEAN GLORY DBl/ABU/DOH/BRN/DMM/KWT JOHNNY L DBl/ABU/DOH/BRN/DMM/KWT "Loads Singapore. EJW Malaysia. Indoneaw USA SERVICE Loadngfor YELLOW KNIFE
      397 words
    • 862 19 JEsa m m si jsssb m m jc ryiMM am 42/52 n/n mm zm 07/02 00/02 95m M 2 03/02 Mf-mi *115 00/« 5S «2?s |8 iub It m PAC PANDA tMIII 05/02 05/02 PAt HAM tIH llt^Jl^W yb» m m u ypsa m M HI MMZ? 85ZH Of m
      862 words

  • Page 20 Advertisements
    • 419 20 WEEKLY SEMVICE TO SOUTH AFRICA ft SOUTH AMERICA DoamoiuMnmianFvioa) itad Ivwt S-rt Pwfcw rWn Ic'tan Utfcw S'»M» F»m Smtm until iC-— IQOIS IVOt W/W a/K a/W 01/03 11/03 13/03 15/03 17/03 MOmmm KSTs 17(5? ***** ***** ***** 0*753 u?B3 1753 ***** ***** toW ~mi ~ms~ m iqg— m m mi
      419 words
    • 710 20 TO: M/MOtTH HWOH HUTS WfflgT tBVKI ISSSfLu u m 111 M4M tm AM La MPUEDPAH 21/0? J2ZQ2 11/03 13/03 14/03 It/03 It/03 VILLI P£ VMKK) IiZW 27/0? 2t/0? 17/03 H/03 20/03 24/03 72/Q3 ***** 0******703 25/63 $53 ***** §763 Ataphng carpo to al UK inlond dtshnohom Mil Si! M MU
      710 words
    • 485 20 i BSA a. MYANMA FIVE STAR UNE (My—r Notiood Um) L M for YaafM rasa vot sat m ph pgu •o*6 LA 4IW $10 OM SHWI HAW S4W SU> ■AUTW AGQfTV OOUSTUD SMPPM6 AGBKXS UL IH 03-*****300 POL 18 03-*****101 f« m M-UIMO2 rat ra o;-2$i2i2i/« BANK LINE (A wnbi
      485 words


  • Page 22 Advertisements
    • 25 22 if Results Count Reach your shareholders and potential shareholders. Publicise your company's financial results in our newspapers. Call toll-free 1800 289 8822 or email recruitsGsph.com.sg
      25 words
  • Page 22 Miscellaneous
    • 139 22 KgREGIONALWE^HER^M^/7 Tl* r >N jps^)—" 1 os *H SS Vn \IOSV 11DE Tg&fe-« *aS£3l LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Showers Rain Temperature C_/ Wind direction and speed in knots Weather w Cloudy Day CX3 u a7u Wind speed symbols Sea Conditions O Full circle w/o line indicates
      139 words


  • Page 24 Advertisements
    • 103 24 Jumbo up your and you pick up From January February, get a huge Jumbo Umbrella, free with every %ti\, Jumbo Box or 2 Jumbo Juniors you '*f/ send* Use the Jumbo box for shipments up to 25kg and the Jumbo Junior for l,f 'fi>*{?ji< S$£ shipments up to 10kg. Well
      103 words
    • 9 24 Aviation news and aircraft schedule are on pg 9
      9 words