The Business Times, 22 February 2002

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Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MITA (P) 107/03/2001 850 SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, FEBRUARY 22, 2002
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  • Article
    Lock icon MARKET SUMMARY
    75 1 □sn 1J3L83 (+2.48) SMI HUB (-0.49) ST IXDBX FUTUBES 1,***** (-2.00) SDDCIFUTDIES 217J0 (+0.20) STOCK KABIET INDICES Thursday Change KLSECOMP 717.39 -6.40 NIKKEI 225 10C2S&.42 +***** HANG SENG __10,788J0 +39.84 SET INDEX 361.49 -1482 JAKARTA COMP _4SM9 +0.93 MANILA COMP .1.443,44 -9.78 TAIPEI WPI 5.656.10 -36.08 SEOUL COMP
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  • Article
    Lock icon FINANCE
    69 1 POKEZ SITES US$ St US$ (S$ per I'SS) 1.828 £(i:S$/S$ per 1.4J8 1S10 EURO(USS/S$/E). 0-871 1.691 DM 22# li29 YEN 1335 73.10 RM 3 m 1079 HK$ 7.799 4.2J8 BAHT 4376 23.95 R1T1AH 10,177 5.5® PUKE BATES SINGAPORE* 5.25 KUALA LUMPUR 6.40 HONG KONG 6.125 JAKARTA 39.00 TAIPEI 6.725
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  • Article
    Lock icon Maybank makes mortgage debut with novel plan
    721 1  -  Innovative deal lets borrower defer 30% of loan for 10 years By\ Siow Li Sen ISLNUArUKri j Mayoanx, wnicn is entering the mortgage market here for the first time, is doing it with a bang. Targetting upwardly mobile young couples in their thirties,
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  • Article
    Lock icon 4 regional markets hit by US pension fund pullout
    904 1  -  Govt officials quick to defend their record in surprise new human rights criteria Bu Diana Oon Abdullah, Harish Mehta in Bangkok FINANCIAL markets in South-east Asia were roiled yesterday by a shock decision by the multi-billion dollar US pension fund, Calpers,
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  • Article
    Lock icon CapitaLand to venture into consultancy
    354 1  -  :iiexclusive Subsidiary Premas tying up with North Asia arm of giant US property broker By Lee Han Shih rropercy giant Capita Land is moving into a new line of business property consultancy. Today, the governmentlinked company is expected to announce a joint venture between its
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  • Article
    Lock icon Motorcycles displace Mercedes as CCL's top contributor
    185 1  -  Byi Christopher Tan [SINGAPORE] A company that made most of its profits from Mercedes-Benz for over 50 years reported yesterday that a far less glamorous "M" has emerged as a significant contributor to the bottom line. Cycle Carriage Ltd (CCL), one of Asia's
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      89 1 IMMJLUB Hock Lock Slow Catherine Ong: Banks'provisions cloud their accounts. Pg 8 Top storlos Citibank to laavs tighter credit rules in Asia intact Next Pmge CCL profit*jumps 20% to $120.5 m. Pg 3 Great Eastern earnings rise a disappointing 12%. Pg 3 Thailand willing to supply sand to S'pore. Pg
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      109 1 i -A,* > t j l Jir I'/j V /1 j -W"-~ N /i/ 1 f i f i t r Singaporean business k women in Silicon Valley \THEBUSPiiIbBS J 1 weekend jW f J You may be a wine connoisseur, but do you know your glasses? What's In Style
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      15 1 US leading indicators up 4 months in a row s a 4 Ji> n, I
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      10 1 OCL net earnings up 20% at $120.5 m, Pg 3
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon The weighty-and the weightless
        131 2 PROLIFIC letter-writer Narayana Narayana reckons DBS chairman S Dhanabalan shouldn't have fobbed off a journalist who wanted to know at a Monday news conference whether the bank's top managers would still be in their jobs next year. In a letter commenting on an item in this
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      • Article
        Lock icon Snafus at the Grand Old Lady
        81 2 RAFFLES Hotel staff couldn't seem to get it right at a Citibank media event yesterday. First, the audio-visual system went wonky and produced unintended "special effects" when Citi senior managers were making their presentations. Then a waiter knocked a glass of ice-cold water over
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      • Article
        Lock icon Costs a bomb, to be sure
        86 2 WHILE the Raffles staff slip-ups weren't funny, a gaffe by Alan Harden, regional head of Citigroup's asset management business, brought laughter from the audience. Mr Harden was speaking about his end of the business when he made more than a Freudian slip. He had
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    • Article, Illustration
      Lock icon Citibank to leave tighter credit rules in t Asia intact
      416 2  -  US bank doesn't see region rebounding soon: executive By Catherine Ong [SINGAPORE] Citibank will continue to tighten credit to Asian borrowers because it doesn't see regional economies picking up soon. Frits Seegers, Citibank's Asia-Pacific group head for consumer banking, told
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    • Article, Illustration
      Lock icon KLW in tussle with Barang Barang founder
      639 2  -  -ii exclusive Suit over alleged breach of agreements Byl Angela Tan, Serena Ng [SINGAPORE] Sesdaqlisted door maker KLW Holdings, which acquired furniture retailer Barang Barang two years ago, is suing the latter's founder for setting up a similar furniture outlet in Changi South
      FILE PHOTO  -  639 words
    • Article
      Lock icon ST Telemedia still keen on buying Global Crossing
      682 2  -  GMal's chairman and director Steven Green dismiss claim they did not disclose interest in K1 By < Conrad Raj [SINGAPORE] ST Telemedia is still interested in bidding for bankrupt broadband operator Global Crossing, despite the collapsed company's growing woes and a newspaper
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    • Article
      Lock icon Correction
      137 2 THE commentary "Reading into past performance" (Executive Money, Feb 20) implied that projections of a fund's performance are allowed so long as there is a disclaimer. The Monetary Authority of Singapore has pointed out that this misinterprets the advertising guideline, which in fact prohibits projections on fluid returns. Here's
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      Lock icon Page 3 Advertisements Column 1
      140 3 jAn investment with no risk. Only high returns. Boss f Just as how the right clothes moketh the man, the right d6cor maketh the company. A well projected corporate image can only be the bearer of all good things. At Boss Design, we see to all your renovation needs and
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon CCL profit jumps 20% to $ 120.5m
      631 3  - CCL profit jumps 20% to 120.5m Indon associate Astra accounts for more than half of group's earnings levorts bu Christopher Tan MOTORCYCLES replaced Mercedes-Benz as Cycle Carriage Ltd (CCL)'s main profit contributor for the year ended Dec 31,2001. Boosted by a doubling of bike sales on the back of a
      ARTHUR LEE  -  631 words
    • Article
      Lock icon DaimlerChrysler, CCB resume talks
      108 3 DAIMLERCHRYSLER has resumed talks with Cycle Carriage Bin tang (CCB) —Cycle Carriage's (CCL) 48 per cent associate regarding the manufacturer's aim to have a bigger role in the distribution of Mercedes-Benz in Malaysia. Discussions started in 2000 but the plan was put on ice when a
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    • Article, Illustration
      Lock icon Great Eastern earnings rise a disappointing 12%
      450 5  -  Policyholder bonuses to be cut because of lower investment retains By] Ling Su Ann INSURANCE group Great Eastern Holdings (GEH) yesterday reported a disappointing 12 per cent rise in full-year profit to $202.2 million, and said it will cut policyholder bonuses because of
      CHRIS LOH  -  450 words
    • Article
      Lock icon Provisions drag MCL Land into the red
      332 5  -  By Andrea Tan MCL Land yesterday turned in an operating profit of $21.7 million that is in line with analysts' expectations of $21.9 million. But provisions of $30.6 million dragged its bottom line into the red to the tune of $15.6 million for
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    • Article
      Lock icon Banks'provisions cloud their accounts
      671 5  -  rrm lock siew I catherine ong SINGAPORE'S other two banking groups the merged OUB/UOB and OCBC Bank are likely to follow DBS Bank's lead this week in making massive loan provisions when they announce their year-end results soon. On Monday, DBS Group announced a staggering seven-fold
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    • Article
      Lock icon Non-executive directors' fees kept level: survey
      474 6  -  Only 17% of listed companies polled saw change, np 38% on average By Teh Hooi Ling MOST listed companies have stuck to their fees for non-executive directors, judging by the results of a Singapore Institute of Directors survey. The institute found that only 17
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    • Article
      Lock icon Ban Joo buys 20% of local metals trader
      344 6  -  Bat move is aimed at just leveraging on latter's logistics By Serena Ng LISTED textile manufacturer and trader Ban Joo Company has bought a 20 per cent stake in a locallyowned metal logistics firm for $2.3 million. Ban Joo's newly-ac-quired stake in
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    • Article
      Lock icon Aussino interim jumps 28%; it wins rights for 2 brands
      303 6  -  By, Adeline Chia MAINBOARD-LISTED women's clothing and home-furnishing firm Aussino lifted profit 28.2 per cent from $3.3 million to $4.2 million in its first half to Dec 31,2001. The rise was on higher turnover of $20.2 million, up from $17.9
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    • COMPANY Briefs
      • Article
        Lock icon CityDev offers 145 Changi Rise units
        100 6 CITY Developments will launch 145 Changi Riae homes this Saturday—the third and final release of the 596-unit Simei development The average price is $485 pat up from the $47&5479 pef range when the flfl-yanr iMnohnlH prnjort mw launched in .Inly Imrf year. About 250
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      • Article
        Lock icon United Int'l Sec to pay 6.5% dividend
        55 6 UNITED International Securities yesterday clarified that it has proposed a final dividend of &5 per cent par share for the year 3001. Its fall-year results posted an Wednesday said there were two final dividends, comprising a 3.5 per cent cash dividend and a
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      • Article
        Lock icon TEE Int'l warns of lower profits in H1
        52 6 ENGINEERING and construction company TEE International said yesterday its profit and turnover for the six mouths ended November 3001 will be lower than expected, because fewer contracts were awarded. It blamed intense competition in the local construction industry and the erosion of
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      296 4 OTHER SINGAPORE INDICES Feb 21 VALUE CLOSE irai*» 30.00 -t-4.00 wean -*****.00 -76.00 WiMtH -*****.00 +3.00 UMBEpiw 455.76 -0.76 3St«rtbwB»ct 151.24 -3.22 WBpatwFh 1525.89 +10.40 MrjJhihip 463.07 -2.26 ■Ofcipw 217.02 -0.05 (PCO 20c 42,635,000 Vikaylnd5c 23,751,000 MediaRir* 10c —17,849.000 BeyonteslOc 17.278,000 GES Intl Ltd 20c 12,582,000 Goldtron 5c 11,263,000 InroPac
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    • Article, Illustration
      Lock icon Osim looks overbought but indicators remain positive
      303 4  -  HOT STOCK/ WARRANT Byy Ven Sreenivasan LATE last month, this column featured health and lifestyle products distributor Osim International, and noted that the stock was supported by strong fundamentals and bullish technical readings. The stock was trading just under 60 cents then. Yesterday,
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    • Article, Illustration
      Lock icon Old habits returning to market ?
      771 4  - Old habits returning to market STOCKS r. sivanithy THERE was an odd sense of deja vu about yesterday's session in the local stock market. After a fairly active January, the phones seem to have stopped ringing in dealing rooms, and volume fell to its lowest level this year. Which begs
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    • Article, Illustration
      Lock icon US$ regains ground against European units
      569 4  -  ~-\i comment CURRENCIES Asian units reflect a mixed day on the region's bourses larry wee EUROPEAN currencies again proved to be a disappointment after a handsome Wall Street rebound overnight erased almost all of their Wednesday gains versus the US dollar but the greenback
      Source: Reuters  -  569 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2673 4 UNIT TRUSTS FUNDS CitiBond Spore A/$ 1 JO* CitiBond Spar* B/$ 1-228/ Citi Money Sing Dolar Oast 8 1.0377/ A8* Amro Aseet Mgt (S pore) Citi Pan-Europe Equity Raid 10* Star Europe Eqtyl* 0.7V OtiSelect Alia T* Balanced 1.27/ Star Europe Bd 0.96V CmSeiect Asia r* Growth UV Star Europe
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      124 5 The Jaguar Sovereign Sophisticated Performance. &2LVB engine, with standard or long wheel base, luxuriously crafted Interior, reverse perking ssnsors and cruise control. Rom $200,000 inducing COE and OCT.* For mora information or a tsst drive, cal 378 2662 378 2626 378 2627 www.maiayan-fnotora.com.ag />r ■HRf mm- Vm MM ifl Hr
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      3055 6 fil-lrce HOP 299 /Mail mm IN THE MATTER Of THE COMPANIES ACT, CAP. SO [(Section 290(2Mb)] AND IN THf MATTER OF ALPHACREATION SINGAPORE PTE LTD |ln kwi' Voluntary Li nuidufur/\) NOTICE Of RESOLUTIONS A»on Extroordtaory Gonarol Meeting of lha Company hold at 184, NSiombaahi Keanwcho. Chuo-ltu, Tokyo 103-0016, Japan on
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      594 6 IN THE MATTER OF THE COMPANIES ACT. CAP. SO ANO IN THf MATTER OF TRUSTMAROUE (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At the Extroordmory Gonoroi Maotino of th# Mambars of TRUSTMAROUE (SINGAPORE) PTE UD duly convened ond hold at 3 Finloyson Groan #11-07 Asia Insurants Building Singapore *****7 an
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      495 6 IN THE MATTER OF THE COMPANIES ACT, CAR SO ANO IN THE MATTER Of TRUSTMAROUE ASIA PTE LID (IN MEMKKS' VOLUNTARY LIQUIDATION) AI Ifn Exlroordinory General Mea*ng of the Members of TRUSTMAROUE ASIA PTE LTD duly convened and held at 36 Robinson Rood, ***** Qy Houh Siwpopore *****7 on IS
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Thailand willing to supply sand to S'pore
      401 7  -  Bangkok changes position, offers alternative to Indonesia: BG Yeo From Harish Mehta m Bangkok THAILAND is willing to supply sand to Singapore, the Minister for Trade and Industry George Yeo, said. "I pushed the possibility of buying sand from Thailand because Indonesia is
      401 words
    • Article, Illustration
      Lock icon Wholesale trade down 24% in Q4
      320 7  -  =< on the economy trade By Serena Ng SINGAPORE'S domestic wholesale trade index fell by a wider 24 per cent year on year in the fourth quarter of 2001 and was also down slightly from Q3, figures from the Department of Statistics (DOS) show.
      Source: SOS  -  320 words
    • Article
      Lock icon Standards body opens regional office in S'pore
      139 7 THE International Electrotechnical Commission (lEC), a Geneva-based stan-dards-setting body, yesterday opened an Asia-Pacific centre in Singapore one of only two in the world, its president said. The centre, manned by staff from Singapore's Productivity and Standards Board, will coordinate lEC meetings and courses
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    • Article
      Lock icon Singapore, Kuwait seal tax accord
      209 7 SINGAPORE and Kuwait yesterday signed an agreement to prevent double taxation and income-tax avoidance. The pact signed by Minister for Finance Lee Hsien Loong and Kuwaiti Finance Minister Yousef H Al-Ebraheem will prevent double taxation of income earned in one country by a resident of
      209 words
    • Article
      Lock icon Stanchart S'pore profits fall 25% to US$91m
      630 7  -  58% rise in bad debt charges main cause of earnings slide at group level By 1 Loh Hui Yin RECESSION and severe price competition slashed Standard Chartered Bank's operating profit in Singapore by 25 per cent to US$l9l million last year. And in
      630 words
    • Article, Illustration
      Lock icon Tolls rise for Causeway, 2nd Link
      318 7  -  Fees go np from March; vans and lorries worst hit By( Christopher Tan TOLLS for the Causeway and the Second Link will rise by between 20 and 80 per cent from March, the Land Transport Authority (LTA) said yesterday. Outbound traffic on the Causeway,
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    • Article
      Lock icon Immediate rental upturn seen unlikely
      563 7  -  Fall of 8% last year in premium residential market By] Kalpana Rashiwala AVERAGE rents in the premium residential market fell about 5 per cent last year and an immediate upturn isn't expected until the second half of this year, says the latest Colliers Jardine report.
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      109 7 y *•■< •<aft9 I 5 »T ni jfi» ?-Tk>, -.'SI \j Hr w.* y -V J* 'v." -r. m .->» v, <c^UH m -j JH s •V v m V Commanding timf DISCOVf W I Nf« ITS S E CWFTS. R( VFALINC. THEM TO TRUE CONNOISSL UR S OFFICINE PANFRAI
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Germany confirms size matters in EU
      645 8  -  BTT-i bottom line OPINION shada islam The writer is BT's Brussels correspondent EUROPEAN Union policymakers are putting a brave face on their governments' decision last week to spare Germany a humbling formal rebuke on its rising budget deficit No problem, eurozone rules are still
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    • Article
      Lock icon IN OTHER WORDS
      107 8 'My heart is broken, seeing the continuation of the policy, as the low rates hurt households' savings. Zero interest rates also delay structural reforms as they help weak companies to survive.' -laanHqaai Bank of Japan governor, to a parliamentary budget panel. 'It is not reasonable to cause
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    • Article
      Lock icon New US energy policy falls short
      604 8 EDITORIAL ITS good that US President George W Bush has finally acknowledged that pollution and global warming are real threats to human health and to the environment when he unveiled his long-promised environment policy last week. And it's gratifying that Mr Bush has a
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    • Article, Illustration
      Lock icon Serious dilemmas and dangers for the world
      951 8  -  These are both economic and political in nature and governments will do well to tread warily through the minefields which abound By Paul Samuelson The writer is a professor of economics at the Massachusetts Institute of Technology LAT-WP NOWADAYS, economic events move fast.
      LAT-WP; AFP  -  951 words
    • Article
      Lock icon Restore the integrity of the audit
      909 8  -  COMMENTARY Don't leave the accountants to reform themselves By] Matthew Lynn The writer is a columnist for Bloomberg News. The opinions expressed are his own. Bloomberg FEW reputations can have changed so quickly as that of Paul Volcker. A few weeks ago, he was
      Bloomberg  -  909 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Perc: S'pore Asia's least bureaucratic economy
      420 9  -  HK displaced due to dissatisfaction with quality of English and business costs By Anna Teo SINGAPORE has knocked Hong Kong off the top perch as Asia's least bureaucratic economy. And the standard of English spoken in the Chinese city may, apparently, be one reason
      FILE PHOTO  -  420 words
    • Article
      Lock icon LP Thean didn't quit; he retired
      284 9  -  MAIUSETH Chiam Boon Keng i\C£ iolf LLf Supreme Court I REFER to your article "LP Thean to quit Appellate Court to join Khattar Wong" by Conrad Raj (BT, Feb 16). The Honourable Justice Thean Lip Ping is retiring from the Supreme Court Bench after
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    • Article
      Lock icon Base company research on primary info
      224 9  -  Alison Chow CEO irasia.com Limited Hong Kong, via Internet WE refer to your article "Industry players up in arms over investor portals' links to PR units" by Serena Ng and David Boey (BT, Feb 12). Your concern regarding conflict of interests arising from providing
      224 words
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      212 9 Since our aor Id wul'' staff of ovor "Hilt -disciplined professionals 1 V V mcludinq lawyers chartered accountants i (bartered secretaries and bankers have W A ft V provided confidential and est effective ML company formatu 'l in all tin major loa p; j fIV (■■IP areas mcludinq Incorporation Fees
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      456 9 IN THE MATTER OF THE COMPANIES ACT, CAP. SO (ISadien 290(2)(b)] AND IN THE MATTER OF SONY TRANS COM (SINGAPORE) PTE. LTD. (In Moinbore' Voluntary Liquidotion) NOTICE OF RESOLUTIONS At on Exlroordinory General Meeting of Ihe Company hold ot 10 Hoo Chiang Road •24-00 Keppel Towor* Singaporo *****5 on the
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      28 9 f w J I INITIAL" THE V f \R I FRA (i RA I BOUCHERON PARIS !.n ir if hiii 1 < i !i i-M K ,t! •i, TANGS
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  • REGIONAL news
    • LATE Briefs
      • Article
        Lock icon Perwaja Steel shuts two plants
        106 10 Reuters [KUALA LUMPUR] Malaysia's debt-laden state steelmaker Perwaja Steel has closed its two manufacturing plants for a month and offered a redundancy package to more than 1,600 workers, news reports and staff said yesterday. The temporary shutdown of the PerwaJa Kemaman and Gurun factories, which
        Reuters  -  106 words
      • Article
        Lock icon BAT earnings rise to RM607m
        66 10 Dow Jones Newswires [KUALA LUMPUR] Malaysia's dominant cigarette-maker British American Tobacco (Malaysia) Bhd yesterday said that net profit for the year ended Dec 31 rose to RM607.7 million (*****.7 million) from RMSO6 million the previous year. In a statement to the Kuala Lumpur Stock Exchange,
        Dow Jones Newswires  -  66 words
      • Article
        Lock icon IOI Q2 profit rises 24%
        74 10 Bloomberg [KUALA LUMPUR] 101 Corp, the fourth biggest plantations company In Malaysia, said its second quarter profit rose 24 per cent after it produced more palm oil and sold it for higher prices. lOFs profit rose to RM76.5 million (5136.7 million), or 9.1 sen a
        Bloomberg  -  74 words
      • Article
        Lock icon Malaysia to sell US$500m of bonds
        67 10 Bloomberg [KUALA LUMPUR] Malaysia plans to sell at least US$5OO million of 10-year bonds globally and hired Morgan Stanley Dean Witter Co and ÜBS Warburg to arrange the sale, investment bankers who competed for the business said. Malaysia needs to raise money to finance
        Bloomberg  -  67 words
      • Article
        Lock icon Indonesia may host Tysen-Lewis bout
        88 10 AP [JAKARTA] After being shunned in the United States and other countries, Mike Tyson may be able to take to the ring in Indonesia, where a prominent businessman is bidding to host his heavyweight championship fight with Lennox Lewis. "We are working on that," said
        AP  -  88 words
      • Article
        Lock icon M'sian phone call rate hike opposed
        104 10 AFP [KUALA LUMPUR] Malaysian manufacturers, consumers and the opposition yesterday protested against a move to raise charges for local telephone calls, saying it posed a burden to lower-income groups and was unmatched with services. The government said on Tuesday it would cut rates for
        AFP  -  104 words
    • Article
      Lock icon TRI debt revamp faces collapse
      608 10 KUALA LUMPUR Rights issue underwriters may quit if new shares are not listed Reuters MALAYSIAN telecoms firm Technology Resources Industries (TRI) said yesterday its RM3.B billion (SII.B billion) debt revamp plan may collapse if it failed to secure the listing of newly issued shares. Debt-laden
      Reuters  -  608 words
    • Article, Illustration
      Lock icon Kit Siang calls for probe over govt's MAS stake purchase
      462 10 mas inquiry Opposition bate* waste to knew if Daim misled parliament AP [KUALA LUMPUR) An opposition leader yesterday called for a parliamentary inquiry into whether Malaysia's former finance minister misled legislators over the government's purchase of a controlling stake in
      AP; THE STAR  -  462 words
    • Article
      Lock icon KL, Jakarta resume talks on power grid connection
      234 12 SINGAPORE Dow Jones Newswires MALAYSIA and Indonesia have resumed discussions on building the first interconnection between their national power transmission grids, an official with Malaysia's state power utility Tenaga Nasional Bhd said yesterday. He said discussions between Tenaga and Indonesia's state utility
      Dow Jones Newswires  -  234 words
    • Article
      Lock icon IMF may hold back US$5b disbursement to Indonesia
      580 12  -  It cites uncertainty over govt's recovery of USsl2b owed by debtors Fram\ Shoeb Kagda in Jakarta INDONESIA'S Inability to force some of the country's largest debtors to pay up the US$l2 billion (SS22 billion) they owe the government could hold up further
      580 words
    • Article
      Lock icon Marubeni quits Chandra Asri debt revamp
      99 12 JAKARTA Bloomberg JAPAN'S Marubeni Corp refused to sign an agreement to reorganise about US$73O million of PT Chandra Asri Petrochemical Centre's debt after the Indonesian firm unilaterally amended the pact, a government official said. Marubeni's decision will delay an accord that has been worked
      Bloomberg  -  99 words
    • Article
      Lock icon Hamzah Haz wants Singapore to clarify SM's terrorist remark
      187 12 JAKARTA He worries that Indon economy would be affected Xinhua, AFP INDONESIAN Vice-Presi-dent Hamzah Haz yesterday asked the Singapore government to clarify Senior Minister Lee Kuan Yew's statement about alleged terrorists in Indonesia. "Lee must clarify his statement," Mr Hamzah told
      Xinhua,; AFP  -  187 words
    • Article, Illustration
      Lock icon Amien fears privatisation could make Indonesia "nation of coolies'
      385 12 JAKARTA Heaayaadliag ■tate-ewaedfime is unpatriotic, AFP A POWERFUL politician has expressed fears a privatisation programme will turn Indonesia into a "nation of coolies". "With the government so easily selling off stateowned company shares to foreign parties, Bung Karno's (ex-president Sukarno's) fears
      AFP; REUTERS FILE PHOTO  -  385 words
    • Article
      Lock icon BOC (HK) sued by couple over currency trades
      302 13 HONGKONG US dno says bank used them to funnel loans to lift HK currency:report Bloomberg BANK of China (Hong Kong) Ltd, which is planning a multi-billion dollar share sale, was sued by a US-based couple who said it engaged in unlicensed currency
      Bloomberg  -  302 words
    • Article
      Lock icon HK's jobless rate surges to 6.7%
      273 13 HONGKONG January rate at 6-year peak as high costs force layoffs Bloomberg HONG Kong unemployment climbed to the highest in at least six years in January as falling demand and the city's high costs forced companies from Bank of East Asia Ltd to Level
      Bloomberg  -  273 words
    • Article, Illustration
      Lock icon China, US stumble over weapons deal
      426 13 BEIJING They foil to agree on curbing sale of missile technology Reuters CHINA and the United States have failed to reach a deal on curbing proliferation of weapons technology despite an appeal by US President George W Bush, a top US official said yesterday.
      Reuters; REUTERS  -  426 words
    • Article
      Lock icon China cuts red tape for local banks' forex business
      290 13 BEIJING Reuters, Dow Jones Newswires CHINA'S central bank has eased approval procedures for domestic banks wanting to do business in foreign exchange, in a bid to help them compete against foreign entrants, the official Financial News reported yesterday. The paper said
      Reuters,; Dow Jones Newswires  -  290 words
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      202 10 CAMRV It 's like success. —v 5 J..-*'' k r 'V v\ \/:i, -x vj ®'\%'V jiw '^V li -a >. ®5«??£ s'V" k ■Hb^ l 4 J x i 1 r r y j» asa* You can't appreciate it until you've got it. The all-new Toyota Camry. To you.
      202 words
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      157 11 MORE THAN JUST HARDWARE AND BRAINWARE. v Why look at just Application Service Providers (ASPs) when you have a company that offers you a whole lot more? Hitachi, a world-renowned provider of quality solutions and the name that has always inspired the next now brings you ASP Plus. An entire
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      78 12 I Hi I9&»BB sir. .1 -iMsii /feiarg.r-.u- f r vmlMa^Hil^Hi A/. "-iJfeS;- > k >~£ y f** >-a^fc-w v>.-* vfe- '-ffßffp u *^^3fc' k <: ;i '^>r^- 2j£&tek& i »v&s£s; Visit our showroom tomorrow for an exclusive preview orf the new 911Targa at 29 Leng Kee Road Tel: 6472 4433.
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      53 13 liiMitTf ii (5) Visit our showroom tomorrow for an exclusive preview of the new 911 Carrera 4S at 29 Leng Kee Road Tel: 6472 4433. www.porsche.com.sg Actually, curves are unnecessary. A car doesn't actually need to have breathtaking design. No one actually needs the new 911 Carrera 4S. Actually... Stuttgart
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  • ACCOUNTING under scrutiny
    • Article
      Lock icon Andersen ups offer to settle Enron suits, says paper
      474 14 CHICAGO It «ffera up to USsBoom after earlier USs6oom sum rejected Bloomberg ANDERSEN LLP's offer to pay more than US$6OO million to settle all claims by Enron Corp shareholders, former workers and creditors failed to win approval because it was considered
      Bloomberg  -  474 words
    • Article, Illustration
      Lock icon Computer Associates shares fall 17%
      217 14 ISLANDIA, New York Drop follows reports firm is tinder FBI probe Bloomberg COMPUTER Associates International Inc shares dropped 17 per cent after Newsday reported that the FBI was investigating how the company recorded sales of software and maintenance fees. Computer Associates, the fifth-largest software maker,
      Bloomberg; Source: Bloomberg  -  217 words
    • Article
      Lock icon Enron faked centre to hawk venture: ex-exec
      494 14 ■HOUSTON Employees told to act like they were cutting deals Reuters IT wasn't only the accounting that was creative at Enron Corp. To hawk a new venture to Wall Street at a 1996 conference, the company built a make-believe command centre and ordered
      Reuters  -  494 words
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      96 14 i.! A* 'L I JMt\Si <IPlH^^F^HHHBsfl^He^^^^BSi^^BnFS6P^Bi^^^is^^^il^l ■kj^jPS^^mHHHiHHHI Invest in a magnificent FREEHOLD Hotel Casino in Las Vegas USA! HSURE WIN FEATURES! 3,000 rooms (all suites) hotel Fully furnished suites Located at Las Vegas Strip, directly across from Mandalay Bay Resort Casino FREEHOLD property Spa, Convention Hall, Retail Restaurant Outlets Invest
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      187 14 A 0 ('CS IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER Of NIKKEN SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE Of FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN in pursuont to Section 308( 1) of the Companies Act, Cap. 50. that the Final General Meeting
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      190 14 IN THE MATTER Of THE COMPANIES ACT, CAP 50 AND IN THE MATTER Of ACAP SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN puouont to Section 308 of rtw Componies Act, Cop 50, Ihoto Final Meeting of ihe Members of Ihe obove-nomed Company
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      20 15 ff■ o •> Supported by WARNER MUSIC ffio SINGAPORE Cards Official Caterer Produced by I°"* LAMC Productions M Kits. Jw» •^wr*
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      330 15 Rotation Strategy SCAM Global Sector Rotation (Ss/US$) The global economy undergoes varying business cycles each year. Some sectors lead in one business cycle while lagging in another. Our Global Sector Rotation Strategy will invest in sectors which offer the best potential returns. As an added benefit, 100% of your profits
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  • WORLD news
    • Article
      Lock icon US leading indicators up 4 months in a row
      426 15 WASHINGTON Index up 0.0% in J&nn&ry, a signal recession may end soon Bloomberg THE US index of leading economic indicators rose in January for a fourth straight month, a sign the recession may have almost run its course. The Conference Board's
      Bloomberg  -  426 words
    • Article
      Lock icon US 2001 trade deficit shrinks 8%
      246 15 Reuters, AFX [WASHINGTON] The US trade deficit shrank nearly 8 per cent last year, as Americans scaled back their purchases of imported goods and US companies found less foreign demand for their products. In its monthly trade report, the Commerce Department yesterday pegged the
      Reuters,; AFX  -  246 words
    • Article
      Lock icon HP staff oppose Compaq deal: survey
      295 15 Bloomberg [SAN FRANCISCO] Hewlett-Packard Co employees oppose the computer maker's US$2l.4 billion purchase of Compaq Computer Corp by a 2-to-l margin, according to a poll commissioned by David W Packard, a critic of the transaction. Field Research Corp surveyed workers in Corvallis, Oregon, and
      Bloomberg  -  295 words
    • Article
      Lock icon EU unveils software patent rules
      413 15 ■BRUSSELS Tougher system expected to draw flak from US Reuters THE European Commission on Wednesday unveiled a new approach to software patents, which a top commission official said would draw US criticism as it would mean tougher criteria in Europe to grant a patent. The
      Reuters  -  413 words
    • Article, Illustration
      Lock icon Tokyo bourse surges 5% on hope of govt help
      597 16  -  Bullish sentiment even overshadows Mr Ten's prediction of yen weakness From Anthony Rowley in Tokyo MOUNTING hopes that Japan is about to take meaningful steps to stem deflation, strengthen its banking system and boost the stock market sent Tokyo stock prices
      AFP  -  597 words
    • Article
      Lock icon Matsushita warns of big full-year loss in 2001
      226 16 TOKYO Reuters MATSUSHITA Electric Industrial Co Ltd yesterday posted a loss for its third quarter and warned its fullyear loss would be much worse than previously forecast, hit by slumping sales and restructuring charges. The maker of Panasonic products reiterated its vow
      Reuters  -  226 words
    • Article
      Lock icon Court ruling may lead US media firms to merge
      527 18 NEW YORK An&lysts see M&As among players like AOL Time Warner, Disney Reuters. Bloomberg A FEDERAL appeals court may have fired the starting gun for dealmakers in the media business when it relaxed this week ownership rules in the cable and
      Reuters.; Bloomberg  -  527 words
    • Article
      Lock icon Insurers rue tough market at meeting
      352 18 BERMUDA Reuters INSURANCE prices are spiking across the world, but it's not the bonanza insurers and their reinsurers hoped for in the wake of Sept 11. "We've got to face reality," Jacques Blondeau, chairman of French reinsurer Scor told high-rank-ing insurers at a big
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  • Article, Illustration
    Lock icon FINANCE
    789 16 Transaction date:Feb 21 *-74; < H CI MO tm< Ml «S IMMMM* rm Wm m WMt N» R BU Wr iTt IMlWi 1 MMrafc OJM UK AIRS 1MT UN UM NJMttJR AMI WIS IN) US) 3UN2MM O.MS SJ74 QJ7T NJM Z2JM OJH UK CwM> U» J221 0.723 4.740 140
    789 words
  • Article
    Lock icon COMMODITIES
    1300 16 BOOMHITUIB Feb 21 Oh, mm 0p« Matt in in 0—> Mw< War Q2 IM.75 Apr 02 H5J5 MayOt M6J5 J»« -1*75 m mmM u* Mt M mS5 Mar 02 6175 6175 CUO S 990 Apr 02 42.75 6100 62J0 900 2290 62.75 A00 62.75 900 1425 Jw 02 42.75
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  • Article
    Lock icon KLSE
    2026 17 Transaction date: Feb 21 KUALA LUMPUR f""" 1W 5 snunun Frjsar f*a>« JJi 006 37 m *t- room P59M... 2.49 -0.02 s FW Industries „..149 -002 57 At M Realty 110 -0.01 25 1£? f® Abnc -2.00 unch M -f* "J* ACP Industries 322 -006 31 !1! "°51 Advance
    2,026 words
  • Article
    Lock icon SGX
    589 17 Transaction date: Feb 21 5 m Om Omm C*c 0.44 4J40 *0-000 MM »c 0J2 1210 MOO J* J*0 «M« OOC ID I10H 4W MSMCOndlk 19* 4.140 <L040 OUf Mi MM 4M 140 MOO MM 0J» 0120 MB Ow**T2Sc 0J* 22JOO MOO SGX k 0J3 1290 HW 14J00 4JN
    589 words
  • Article
    Lock icon BONDS & WARRANTS
    632 17 BONDS WARRANTS U" MCm bar Ml *m- rwm** MM Ldl Asnwo«*2i as i w m a AcmaLtdW*****6 J.S unch 552 1 50 410 3.00 33 Air*e* W050S10 Mi -1 298 1 33 1 1.72 40 A"HBrong\¥*****0 4 1 10 17 300 27 *«afoodPW«***** 05 1 166 2120 1500 5 Bar6*SA*****1
    632 words
  • Article
    Lock icon STOCKS ASIA
    4471 17 i Transaction date: Feb 21 for more, go to iWLWxisicummrnarketSjCorn B HONG KONG icgam. _o.s# -0.01 ***** JW feiterchine Hldgs 1.00 0.02 9100 *f- -m Interform Orama 0.02 inch ***** Ml Bank of Asm 1.96 0.01 2545 **7 -0*4 58 iRegentGroup *14 mdt 2046 Alpha General 0.04 unch
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  • Article
    Lock icon SGX MAINBOARD
    6217 18 Transaction date: Feb 21 for live prices, log on to ivwwxisiaonemarketsx>om S2-M Last Vol Day Lad Quota Grttv M* GrVld Nat MCjb WUtag W# I— Cowp—r Sail W- fim W# t—' *"f Cw P« Sail Met 9 6 ABNAmroNLG 56c 9 3 4 138 22.5 8.5 c ACE
    6,217 words
  • Article
    Lock icon SGX XTRANET
    50 18 iff Om, UMQm* e«OI» Mr 6>1U MM MCa Wk| >*■ M. W- rWW W# U» 8»y Mhr Or HI «3 wS ***** «10 s Dumondi US990C 6890 J8J0 i BDJUSTtdl US4870 -80 0 4870 4870 540 440 s ISMSdSpor* US5C0 ***** 9170 s ISS4P500 US***** m» »»»s von
    50 words
  • Article
    Lock icon SGX SESDAQ
    1627 18 If* 0* tmOrnta Grflhi Mo CrfW M WCm WM>f w» U» Sale W- r— w# 1— S4B» Ow HI >J >>g 323 12 c AS* Hldgs St W unch 12 1« IS IS 19 S IS 14 53 H7 IS <05 12 c APOISc 115 *1 55 18.5
    1,627 words
  • Article
    Lock icon CLOB INTERNATIONAL
    398 18 u-wt mt mi on Latgwu cum m« crrw mm mcm M0I t— lift* *t- -m lmm tmgm Mhr Cw Wl SiJ 110 CO AVJenr»ngiA2ScA 83 -40 M 12 U 1786 GattuyPacMcMK. 720 265 2.1 7.4 6 *****2 Cheung Kong50c HK 17(0 240 63 67 3 *****5 63 45
    398 words
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  • CINEMA/THE ARTS
    • Article, Illustration
      Lock icon Where's the drama in Shipping News?
      607 19  -  There are no climaxes; Kevin Spacey's subdued acting style is matched by the rest of the cast By Susan Tsang WITH,, Shipping News, Swedish director Lasse Halstrom is back on firm footing after slipping on the sugary mush that was Chocolat. As with The
      607 words
    • Article
      Lock icon THE PROGRAMME
      455 19  -  CempMbyj Aaron Lye PERFORMANCES This month's performance of The PunchUne Comedy Club features British comedians John Fothergill and Mark Walker. Feb 26-27,9pm, Bar None, Singapore Marriott Hotel Tickets at $46from Sistic. 5 Tin 0*1 (Female fereiaaj' An adaptation of Neil Simon's The Odd Couple by Simon himself that
      455 words
    • Article
      Lock icon Fine performances In The Bedroom
      649 19  -  The strength of the movie lies in the careful build-op of each character By\ Susan Tsang IN The Bedroom is like a cameo—a small item that could be easily passed over, but when examined, will yield up a treasure of detail. As with that fine
      649 words
    • Article, Illustration
      Lock icon Legacy of an unsung ballet hero
      828 19  -  Male dance specialist Tony Llacer's contributions to the local ballet scene won't be forgotten, ohmh ui-hook reports on the plans to pay tribute to him CHEAH UI-HOON THEY buried my body and they thought I'd gone, but I am the dance and 1 still
      828 words
    • Article
      Lock icon Slow start but a powerful climax
      517 19  -  I Theatre's 'Of Mice and Men' did not disappoint, despite taking some time to dick with andience By Aaron Lye IF first impressions were everything, I Theatre's Of Mice and Men would have left plenty to be desired. With a dragging start and unappealing
      517 words
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  • EPICURE
    • Article, Illustration
      Lock icon Refreshing simplicity
      626 20  -  Union's unpretentious approach to food wins jazme eb over JAIME EE GOOD cooking which we all know but yet so few restaurants really practise it—always boils down to the basics. Get them right and you can do anything. And the fact that one is about to rave about
      626 words
    • Article
      Lock icon Long and slow learning curve
      877 20  -  WINE CONNOISSEUR Start by looking for benchmark wines, and taste as many as come yonr way By N K Yong WHAT makes a wine a fine wine? What are the attributes and how do you learn to recognise them? How do you assess the quality
      877 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      186 20 SHOPPY MA FESTIVAL jgg* <^3^^ MA R C H 2.®\92. hL*=? 0716 World, tne Family. Oil© FwtivaL <. »> •*jS I •smMBBF Mfflfflr JSP 1 *.-> "-•;> :'"lM'BB S^DHjHHM flra -^^HH^R«£l!SS&B^^HrVt; i** .b»j jhb^hh^HH -«»&-.'J& MBMB^l^— 9 K H& s ,JM ML «y"w "™W J £#rv^-,^ J^Hr r m m!
      186 words
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  • MUSIC
    • Article, Illustration
      Lock icon WHIZZES or OZ
      1288 21  -  eawam champbam highlights two talents from Down Under Tommy Emmanuel and Lindsay Buckland KANNAN CHANDRAN AUSTRALIA'S domination of the recent Golden Globes has showcased the talent that's been coming out from the Land Down Under. Even in music, the vein's been rich and varied. Who can forget
      1,288 words
  • Page 21 Advertisements
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      204 21 seafood m a par /'.'t-f. sty }lj f :r-ir I www.fi5h-co.con if fcit's »•'< iTWlj K>Sh Where to wine, dine and entertain... ~£2 J Performance nightly from f 7pm onwards, except Sunday. MM Special FajMon Show for your ffeat every Tuesday night. For rwervatlorn cal (66) *****36. «k«<kM> 5 Coleman
      204 words
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      Lock icon Page 21 Advertisements Column 2
      160 21 ffii FtMNS \l|) Traitttnnl Raw Fish w fi Salad Spring Court ®o«U The OUest Chinese Al Restaurant m If. xL g Singapore since 1929 488, Upp East Coast Road Singapore *****0 Tat *****30/*****36 *J&T Especially for the Auspicious Year of the Hone, Wah Lok Cantonese Restaurant presents a medley of
      160 words
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      Lock icon Page 21 Advertisements Column 3
      100 21 The master chef of Hua Yuen Chinese Restaurant has proudly put together 8 delightful set menus for your celebrations in the Year of the Horse. From $498 $996 for a table of 10 persons. For reservations, please call 432 5543/46. 'Prices subject to 10% service charge Cfgart. toes mcbidtng GST.
      100 words
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      Lock icon Page 21 Advertisements Column 4
      82 21 I 1 I v I I Function Room avaßabie for your I Maximum 100 pax I I Minimum Seminar -15 pax I For enquiries, call us at 430 4119 218 Queen Street, Singapore *****9 I I A member of tf* KOH MOTHERS GROUP I Bwwfcfc-, > Jt'INGA MMtood wMunm 920
      82 words
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      Lock icon Page 21 Advertisements Column 5
      51 21 REUNION FEAST at Pine Court Chinese Restaurant 2 to 26 Feb 2002 Lunch: 12.00 noon to 2.30 pm ffJi|»V Dinner 6.30 pm to 10.00 pm |||Q Reservations Enquiries: msfsT 831 6262/66 /Maachnwt ffi &wwr~ x mi fta ob ktßin'? 333 Orchard Road, Singapore *****7. HVi'rrr Tel: 737 4411 Fax: 732
      51 words
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  • PURSUITS
    • Article, Illustration
      Lock icon Down-to-earth spa
      645 22  -  What makes the Paradise Spa Resort inviting despite its lack of upmarket trimmings? caumiE nu is drawn to its serene setting CORINNE KERK IT'S a really back-to-basics, bare minimum sort of spa. There isn't even the faintest smell of essential oil, sound of meditative music or presence of
      645 words
    • Article, Illustration
      Lock icon Music that inspires you to Free Fall...
      637 22  -  even if you've Vertigo. Jesse Cook's sounds have a rich, unique texture Tan Hwee Hwee LAST Wednesday, one of the world's hottest guitarists hit our shores, wowing the crowd with some sexy speed strumming at Kallang Theatre. Having sold over half a million
      637 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      68 22 CARAN d ACHE OF SWITZERLAND LEMAN COLLECTION MAKE YOUR MARK, s Sole Distributor: SILVAROYAL PRIVATE LIMITED 27 Loyang Way Singapore *****8 Caran d Ache is ivailnble it TAKASHIMAYA (Level 3i TIMES NEWI INK Changi Ah poi t T I j (Departure Transit Lounge East) &T2 i Departure Transit Lounge North).
      68 words
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      Lock icon Page 22 Advertisements Column 2
      13 22 .eave your kids inj good hands. I 1 Ws(^ The Straits Times Classified
      13 words
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  • PERSPECTIVE/COVER STORY
    • Article
      Lock icon To scare or not to scare?
      747 23  -  K*jaa the cuff Most buildings always seem to have some kind of supernatural activity, the intensity of which is probably commensurate with the level of active imaginations in the building jaime ee IT has been a few weeks since we moved into our new
      747 words
    • Article
      Lock icon Tales of Singaporean business women in San Francisco
      343 23 THEY eome to IheSan Francisco Bay Area in search of greener pastures, working in chip design laboratories, launching startups, tackling projects for multinational companies. Stagaporeans living in the area are a driven, and largely successful, lot. Like most expatriates, they are also
      343 words
    • Article, Illustration
      Lock icon Orchard pruner
      1834 23 SHE cuts a diminutive but authoritative figure as she briskly makes her rounds, talking to staff, observing small details, showing off the Orchard Hotel's pristine rooms just as she did 30 years ago back in Singapore. But the years have left their mark on the widow of S
      FILE PHOTO  -  1,834 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      107 23 TheDatal LARIIAVI 40% OFF RAINFOREST Lanfkawi's exclusive resort is offering 40% off our normal room rates Call now before it disappears The offer that is. Promotional Price Per Night Deluxe room RM76O nett per night Offer valid until 30th lane 2002 (Not applicable from 22ad Dec 2001 Mh lee 2002.
      107 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      291 23 CK»PTIC CROSSWORD ACROSS ment (8) 1 Cheaper retail outlets ig- 6 Exaggeration in Whitehall, nore husbands (8,6) say, is finished pro tem (10) 9 Opposed to the Turkish ni- 7 Exit Ma, with tin-opener er this month (7) trouble, for carrying tests 10 River Palm Waving and (15) other short
      291 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      214 24 Hh~ l t Si H» J *\T'r< i\*A? wkwL~£z&^*& J W;v<M f V H).^\v v .v^e!^>v' r ■•< t* '•'i/%**?'* > V?( W'/'vfr i-vSir vyMiL >d?^x3fc^ 4 I #Saab 9-5. For the self driven. Saab seeks self driven, multi-dimensional, going places owners to drive their Saab 9-5. With 185 bhp
      214 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      296 25 Reuters THE Baltic Dry Index (BDI) rose eight points to 978, the Baltic Panamax Index (BPI) gained six points to 1,010, the Baltic Handymax Index (BHI) fell five points to 6,556 and the Baltic Capesize Index (BCI) was up 19 points to 1,195. ITMB-OHARTEBi ♦Obeliks- (built 2000) 170,000
      Reuters  -  296 words
    • Article
      Lock icon MARITIME STOCKS
      271 25 iin 9 rwamB Si IB «m MIM Mg W CWT Distribution 061 0.01 369 ChuonHup —0.42 unch S67 Cosco ki»Mtwnt -0-24 uncti 205 Freight Unki 0.07 uncft 20 G8 Holdings 0.56 -0.02 5 IMCHoMngt-HK 5.60 uncti 0 J«yl HoMtogj 0.23 uncti 3978 KoppdlCorp 338 -0.14 3864 K*pp*l FELS
      271 words
    • Article, Illustration
      Lock icon China's Shenzhen terminals break into top 10 group
      545 25  -  Hamburg, Los Angeles ports also post strong growth rates despite world economic slowdown By. Donald Urquhart [SINGAPORE] While the global economic slowdown stagnated container handling throughput the world's major ports during 2001, Shenzhen, Hamburg and Los Angeles shone in their respective continents
      545 words
    • Article, Illustration
      Lock icon Sail the world onboard The World
      142 25 Reuters [TRONDHEIM] The World (right), a cruise ship with a difference, was officially handed over by the shipyard to her new owners, the shipping company ResidenSea, in Trondheim. The ship, which holds more than a 100 luxuryflats of which about 80 have been sold,
      Reuters  -  142 words
    • Article
      Lock icon Aussie sheep bound for Jeddah
      149 25 [SINGAPORE] Testament that cruising isn't for humans alone, some 115,000 sheep left the Australian port of Fremantle earlier this month destined for Saudi Arabia for the annual Muslim Haj. The 51,000 dwt Rodolfo Mata, formerly the Ming Universe container ship, made its maiden voyage to
      149 words
    • Article
      Lock icon Prospects for maritime jobs stay good
      146 25 Demand high for experienced charterers, brokers report [SINGAPORE] Experienced charterers, ship brokers, underwriters and maritime and insurance lawyers are in demand despite gloomy forecasts for the maritime industry, according to recruitment consultancy Spinnaker. The employment outlook is good for shore-based industry professionals, the latest
      146 words
    • Article
      Lock icon Underwriters must pay up claim on salvaged vessel
      762 26  -  ADMIRALTY CASEBOOK By Selva Kumar AN English court has thrown out a bid by a group of marine insurance underwriters to avoid paying a claim under four hull and machinery policies in respect of a vessel that had to be salvaged to
      762 words
    • Article, Illustration
      Lock icon Work for BAE yard till end of decade
      88 26 AP [LONDON] Britain is ordering three Type 45 destroyers from BAE Systems, shown in this drawing, for the Royal Navy, the government has announced. BAE Systems said a further three Type 45 destroyers will be built, adding to three previously ordered, taking
      AP  -  88 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      211 26 PACE Fuhai 4 AppensMp 5 Gemartrans 4 Avant jo GLM B'tanglUs 6 «ory«a* tO BSA 6 6 BSC 9 HwntMrg-Sud 6 BTl W 9 &*U|i 4 Heuno-A 3 CMACCM 3 HubUne 10 COSCO 3 HUAl 10 t Central E* 6 Hyundai 4 Chahaya 10 9 China Shpfl
      211 words
    • Article
      Lock icon SHIPPING GUIDE
      12253 31 thebusinesstimes EXPORT rage i ETA ETA Adv*rtM*r Vmm* Voy*q* TaMpton* ETA ETA Adv*rtls*r Yoyag* TilapHam SIN OKfn Nam* Nan* Numbar Numbar SIN DtiTn Nam* Nam* Numlwr Numb*r 04/03 am cosco empress heaven obm *5-22*1*00 Tb ABIDJAN (ABJ) 2003 Cat* D'lvotr* */03 n/oi nyr bunca RAYA dua 24wo* *9-2******
      12,253 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        782 35 VtsMl Voy No Berth Arrival Depart* C PROGRESS 41 JlT 21/02/2:30 2V02/T70I ■TRa 4493 202 J01 21/02/8:30 21/02/1401 BRITAN MULYA JS020I J02 2V02/5 35 2V02/23O pac Mil rms jn 21/02/8:10 21/02/1401 BUHBAHAR12 B204A J05 21/02/8:10 2V02/20*) BUOIMAN MOA JB0201 J04 21/02/800 21/02/23:5 IT BT J 2VF«tt J01 2V02/KM0
        782 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1898 35 KCCIYINC Of EXPOCT fCL COHTAMaS AND LCL CARGO Booklnq/BalMc* Rstls SWp Voy No Etb/Btr Nrtod From To Fro* a ommno i Hmn 21/17*0 o tvnoo 20/1*59 20/1900 a 20/1700 21/0199 r woe n 20/1700 21/0*59 moo i n/DRM rjini 21/M00 am 2*490 arm ACX LILAC 03M JiWOC 20/800
        1,898 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        217 35 Mnair23 Singapore. Hari Ray a Haji Malaysia: Hari Raya Haji Brunei: Hari Raya Haji Indonesia: Hari Raya Haji Pefcnaiy 2B Taiwan: Memorial Day March IS Malaysia: Islamic New Year (Awal Muharram) Brunei: Islamic New Year (Awal Muharram) Indonesia: Islamic New Year (Awal Muharram) Mini 21 Japan: Vernal Equinox
        217 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        792 35 THIS report, compiled by Cockett Marine Oil Ltd. show* 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
        792 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        467 35 Carta NO Max 990.7 0.5 MJ 0.09 55 0.04 Fab M OaasitT Hatar IhMm AsMImMmi iifcwl No aDow £25 0 0 0 0 0 0 380 Aw 9022 02 02 0.05 26 0.02 tun 300 Mai 967.6 16 16.1 0.07 55 0.04 WMM m/m %m/m wm
        467 words
    • AIR & LAND transport
      • Article
        Lock icon US airlines may spin off regional carriers: analyst
        482 36 Continental, AMR, Delta may resort to this move to boost liquidity Reuters [CHICAGO] Major US airlines may look to shed wholly owned regional carriers this year as they seek ways to shore up balance sheets hurt by the travel downturn following the
        Reuters  -  482 words
      • Article, Illustration
        Lock icon Sept 11 fallout slashes Qantas interim profit by 42%
        607 36 AIRLINE RESULTS Global downturn, high fuel prices, weak Aussie dollar worsened things AFP [SYDNEY] The most "tumultuous" period in aviation history resulted in a 41.6 per cent fall in interim net profit for Australian carrier Qantas, company chairman Margaret Jackson said
        AFP  -  607 words
      • Article
        Lock icon Air France's third qtr loss widens
        216 36 Reuters [PARIS] Air France SA reported a bigger third-quarter operating loss after it grounded some planes and flew others with more empty seats following the Sept 11 US hijacked plane attacks. The French flag carrier reported an operating loss before interest and tax of
        Reuters  -  216 words
      • Article, Illustration
        Lock icon No hint of trouble before Airbus crash in NY
        383 36 Investigators probing wake turbulence from a JAL747 Reuters [WASHINGTON] The last contact between the crew of an American Airlines jetliner and air traffic controllers gave no hint of trouble less than a minute before the Airbus A3OO-600 crashed in New York,
        Reuters; AP FILE PHOTO  -  383 words
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        Lock icon United to reinforce cockpit doors further
        178 36 Bloomberg [CHICAGO] UAL Corp's United Airlines, the second-larg-est airline, said it will further reinforce cockpit doors on 93 planes after an unruly passenger on a Buenos Aires-bound flight broke through door panels this month. United plans to fortify upper and lower door panels on
        Bloomberg  -  178 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1677 36 Md S0427 0705 DT77 0010 t.«rrrt. tWIMOO UL2077 0010 qfT H. OC76 *45 0169 0220 MM* 1*9770 22* U***** 1645 S0404 2350 ->■ ota m £5! £2 WWW 0*90 6*970 2235 «22 52 S025 0650 1*9763 2350 LH9764 835 S026 2350 mm 0X8 $0325 835 1*779
        1,677 words
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      175 25 US airlines may spin off regional carriers Back page Sept 11 fallout slashes Qantas X v profit Back page AdmitriUy Cist book Underwriters must pay up claim on salvaged vessel Pnge2 I We invite suitably qualified and experienced personnel a I to fill new key positions in the following departments
      175 words
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      595 26 Ivotlkc |rus»| OOQitfU 57HH W/B 20/02 I 01/B3 IZ/W 11/W 13/03 13/03 11/03 vSS VoT n»SW Wt W iff I tt I WLPWiMW iSBW h/n v/n I is/n h/b 10/03 av iw W hH uk qmiib ns m/v x/r hw io/w ii/V Ivw ooa— m* nm *n v/n wm wn
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      543 26 Members of ihe Regislry of Members o* fte 5/ Accredited Shipping Averts, Singapore logistics Singapore Shipping Association Association CONTAINERS/ COMVEIIDOIUi CARGO ran nANe/wGArae/iMuum i mngkx VOY ETAPKL ETA SIN ETA MALE rwpni Hy (MB B« IMB W« PrteeeM Uy Ml IftW IVW UU KAUNE SERVICES BSZRB IteiMW taWMI SCANCHAIT AGENCIES
      543 words
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      1340 27 TO EUROPE FROM EUROPE |VOT SM ITM >■ KM WV SOU L» llvßSa WT I ROI PO MOO ORV SOU II ail KMOMRBOO JOSW 25/02 14/03 14/08 19/01 13/08 KIWNNBmKIWI J2//02 04/02 04/02 31/01 21/02 MKN& 10W 91/09 24/03 21/03 21/08 19/98 OOHS 5441 05/02 07/02 04/02 10/12 24/02 OOIOOK
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      1768 27 If MUM I I/1135 MVS WKtllC GENEIAL AGENTS M SKGAFOKI: M tOMNSON it #12-» SAIfS/BKS TIL *****57/43 WUL *****21/71 mm IBM I MSB GUOANG TEL 07-*****44 FAX: 07-*****79 COSUI SKIHINfi m LTB SMGAfOCf MttW OUWUtQ (8/1) 4205*02 *****25/75 PORT KLANG OHmiU) IHMUM I&IttlMIMM) MWA»(D/0) *****44 *****19/49 POUN6 04-*****49 04-*****99 T/SMT
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      661 28 mm m m m m w| t—i m ASIAEUMSS IS3A SAHiD »/02 21/11 02/01 ISM 25/02 M/M ISSA 10/03 00/03 14/03 10/03 isaa 22/03 21/03 »/m n/n__ mm wi vm tmm »urn mum mm umm mm mm wmmt MAUDOO J/0? 04/03 00/03 27/02 13/03 2S/I3 20/11 20/03 TMOKMKIMY 2/02 14/13
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      456 28 m WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCBTMC TO ALL NORTHERR ANO WESTERN CO POWTS FCL TO COCHM, TimCOWN rta COLOMM A KANOLA vM NHEWA SHEW wsa mr vrm lauamlum| omncnb lomrcnb w W—l mmwmotbs OM nFB IMI SUM MDMIO lISMSRI MHWMTIIM w ■raw saw <ui inm 1755 mmS nun wmrnss
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      729 29 IRISL, Q(h® Sin Q(h<& BoaD# (si&s^ipDQ m) Qfha&mjlh MM iki? ft 2) AnlkmH (p®ihM ton Hi?®® w-*U <m {fo @»IL§o G&mfafim Sua tih® ik&DmD ito®mito AGENT M SMGAPORE AGENT M MALAYSIA AGENT IN INDONESIA SMOSE MAMTME PIE LTD CR M**********00H BOUSTEAD SMPPMG AGENCES SON. BHD. PT. SMOSE CONTI PERSADA TEL
      729 words
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      488 29 A k UK CONTINENT SERVICE Loadngtor I KAN SEPAT RDM/ATW/BMN/UK/LPL OCEAN ISLAND RDM/ATW/BMNAJK/LPL Loads Sngapore, E7W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for CORALI DBI/ABU/DOH/BRN/DMM/KWT JIN SHUN HOOEIDAH/JEDOAH/AOABA ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT JOHNNY L DBI/ABU/DOH/BRN/DMM/KWT LION GLORY JDH/AQA "Loads Singapore, EJW Malay am. Indone— USA SERVICE Loading for BORZNA CAM/NFK/SAV/NOL •Loads E/W.
      488 words
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      1047 29 YKSfI m an CBI jsssb m wsi —as —m —sg- gap* -m—as—ag= Jtissa m a u jbssl 5 B —as —m- ffiga -as—an—mWOBWMI ItftfZi 00/03 10/03 MCONUN 0130 04/03 12/0) MPOiimssi JAMO7* l*/03 i»/M HtWOM *140 li/M liyn jasa m m vtssa w an w jfflu man hin a/« n
      1,047 words
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      495 30 WEEKLY SERVICE TOSOUTH AFRICA* SOUTH AMERICA 1 V—d V—i imn Owtw fl— f. O— Six Uhl P—W toWw AQOIS 04/03 14/ IB 11/03 11/03 M/ 03 »/03 01/04 03/041 05/04 BS« km ~tt753 m ~m m ~m m m m wis m w m m iw iffi iw (■to (HOB
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      446 30 1 BSA ri MYANMA FIVE STAR UNE (Ipw Natiaeal Um) W far YMfaa vbse vot m m rat pw awu «w su CMSNMMW S4W ft» BMAVSM MaBITV MXBUM SMPPM A6BKKS OL IE U-IMITM PtL IH 03-317M101 Wt IE M-MIIM2 rctt: IE 17-*****11/4 i«| BANK LINE (A nfrkt Ao*w Vhk NOHTHBOUNP
      446 words
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      511 33 1 KALIMANTAN 1 DIRECT wgrnr SERVICE TO JAKAKTA/PALEMBAMG/DUMAJ I v* m «T IrMMs Nm MtMM—f M/W n/n M/M H/M I I uoamni a H/H iJ/U H/B "TI7B umum\ u/H u/u wn TT7»ri surabaya/panjang V«w*l Vf SW M I a jgj |>i/w li/w >5/h m/ii I PERAWANG/PEKAN BAKU VmW I »w
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      227 33 MB EH« LEE SMPFMC CO HI Hi I Mkd MUUIUIIIUmI taSUMM/SMMM I f W a h ISIHIIHIK I VKSfI VOT SM ETA SM FTO MSTMATKM SraCmM 3/02 20/02 21/02 Dwo/Pawmg U«aSttB 3/02 20/02 21/02 lon* UnSa47 2/02 20/02 21/02 Warn UnS»32 3/02 21/02 22/02 j*rt>/toq«g Una Sa 27 7/02 21/02
      227 words
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  • Page 35 Miscellaneous
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      130 35 LEGEND Issued by Meteorological Service Singapore K Thunderstorm A Showers Rain Uf Cj Wind direction and speed in knots Cloud, Da, Wea,her CXI u a u i Sea Conditions Wind speed symbols I O Full circle w/o line indicates calm or light and variable winds j 1 2m I One
      130 words
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