The Business Times, 29 March 2002

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Microfilm: NL23907
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    15 1 THE BUSINESS TIMES MfTA IP) OKVO3/2002 85* SINGAPORE Internet: http://business-times.asial .com.sg/ FRIDAY, MARCH 29. 2002
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  • Article
    Lock icon MARKET SUMMARY
    75 1 mmm UUHJI(+B.O6) MSY-m U ma (+6.06) Pfsrannnyiiiißß UUBjM (+16.00) vi wwi FDIUUS Usui (+1.70) ilHMl MAMT1ET IMB^M Hninday Change KLSECOMP 756.06 -l.« NIKKEI 22* —lUtt.ll +9.43 HAffO SENG -llfltt*! +45.04 SET INDEX S7&K +145 JAKARTA 001P -***** +0.49 MANILA COUP —Owed TAIPEI WPJ *****2 +«1I7 SEOUL OOMP *****
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  • Article
    Lock icon FINANCE
    65 1 FOBEX BATES ust ss US$ (S$ per US$) 1841 £(USS/S$perS) 1.425 1823 HJRO(USS/S$/E). 0.874 1.806 DM 2118 1204 YEN 182.7 72.10 RM 1800 2.066 HKS 7.800 4188 BAHT 4351 23.64 RUP1AH M10 6180 PMMEIATES SINGAPORE* 6Jfr KUALA LUMPUR 140 BONO KONG 6,126 JAKARTA 39.00 TAIPEI 1726 TOKYO L176 SEOUL
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  • Article
    Lock icon Shell picks M'sia over S'pore for global IT hub
    750 1  -  Move may lead to shifting of other regional operations to M'sia: analysts From Eddie Toh in Kuala Lumpur IN yet another setback for Singapore, the Royal Dutch/Shell group has picked Malaysia over the Republic and seven other locations to site its
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  • Article, Illustration
    Lock icon Wee Cho Yaw is Businessman of the Year
    862 1  -  Quak Hiang Whai [SINGAPORE] Veteran banker Wee Cho Yaw, who staged one of the most spectacular corporate coups last year by clinching Overseas Union Bank in a hardfought takeover battle, has won the prestigious Businessman of the Year award. This is the
    CHRIS LOH; ARTHUR LEE  -  862 words
  • Article
    Lock icon Han Cheng Fong to be F&N's joint managing director
    440 1  -  And Jeffrey Heng returns as CEO of Centrepoint By Angela Tan [SINGAPORE] Diversified soft-drinks and property group Fraser Neave Ltd sprang a pleasant surprise on the market yesterday. It announced the appointment of Han Cheng Fong as its managing director jointly
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      Lock icon Page 1 Advertisements Column 1
      89 1 Drams Top Stories US revises 04 growth upwards to 1.7%. Mmxt PtHT# M'sian banking: changes at the top. NmttPmg* Taiwan's dilemma: How to stem exodus of engineers toOjina. N»xt KT&T stilt redeeming USsloom worth of bonds in May. P§ J BT market cap ranking: Technology stocks the best performers. **•4,9
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      Lock icon Page 1 Advertisements Column 2
      159 1 Free copy of BT Pick up a free copy of tomorrow's edition of The Business Times at our booth at Shaw House this weekend, and subscribe to Singapore's only business. daily at a great discount. A six-month subscription will cost just $100 (usual price: $132). What's more, this comes with
      159 words
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      142 1 L.U.C Heir to a proud watchmaking tradition i. LUC Sport. Self-winding chronometer, double spring barrel L.U.C Twin". i steel use. water-resistant to 100 m 'ibS 1 F1 m vHH H -;*r *>:-•/• t*' ;^^'A#fj V-; \-i*'*'. unofafai W www.chopard com The Chopard L.U.C collection it exclusively available at selected watch
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Seeing stars
        78 2 A MAN who uses astrology to forecast the movements of global financial markets has won the first round in a Malaysian court against PricewaterhouseCoopers and two others in a RM3O7 million (Ssl49 million) negligence suit. Bernama news agency reported that C Ramesh, 34, took out the suit over
        78 words
      • Article
        Lock icon Mr Spock would have approved
        116 2 REMEMBER the USS Enterprise of Star Trek fame? Well, the Accenture offices in Raffles City Tower are the next best thing—six floors of avant-garde space that exudes out-of-this-world ambience. Staff can plug in their laptops to work or make presentations virtually anywhere in the office,
        116 words
      • Article
        Lock icon The buck travels far
        52 2 IN a recent online poll, BT said: The airfare price war will help the air travel industry recover. This is how readers voted: Yes, people can't turn away from a good deal: 68% No, there are still security and economic concerns: 24% I'm not flying any
        52 words
    • Article
      Lock icon Taiwan grapples with exodus of engineers to China
      518 2  -  High-tech firms in mainland are powerful magnets By. Macabe Keliher in Taipei EVEN as the Taiwan government prepares to decide whether to allow 8-inch wafer fiabs to be made across the strait, it faces a more critical issue: how to stem the
      518 words
    • Article
      Lock icon Correction
      45 2 IN the March 27 article "S&P takes dimmer view of general insurance", we said S&P had lowered its outlook for the non-life insurance sector from stable to negative. In fact, it raised its rating from negative to stable. We are sorry for the error.
      45 words
    • Article, Illustration
      Lock icon M'sian banking sees changes at the top
      537 2  -  Analysts say these will lay foundation for next round of consolidation From Eddie Toh in Kuala Lumpur BANK tellers and clerks are not the only casualties in the aftermath of the massive banking consolidation exercise in Malaysia over the last two years. Many
      537 words
    • Article
      Lock icon US revises 4th quarter growth upwards to 1.7%
      564 2 Q1 growth estimated in survey at 4.2%, the fastest pace in almost two years Bloomberg, Reuters, AFX [WASHINGTON] The US economy expanded at a revised 1.7 per cent annual pace from October to December, a prelude to first-quarter growth that may be
      Bloomberg,; Reuters,; AFX  -  564 words
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      49 2 BY CENTRAI. EQUITY COMING to SINGAPORE IN APRIL (STH-9TH APRIL) RING NOW FOR BOOKING INFORMATION V 6835 0778 (7 DAYS) TOPICS COVERED TAX SAVINGS, EXCHANGE RATE ADVANTAGE, LATEST TRENDS COMMON PITFALLS 8. NEW RELEASES. LEARN HOW TO SAVE UP TO AU$3B,OOO IN GOVT STAMP DUTY «togj«aN6 mum bookings refwui
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      11 2 SBA Supplement: how to achieve success Don't miss it on Monday!
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  • SINGAPORE companies
    • Article
      Lock icon Keppel T&T still on track to redeem US$100m bonds
      477 3  -  Privatisation plan may resurface in different form, say analysts By I Serena Ng ALTHOUGH the proposed privatisation of Keppel Telecommunications and Transportation has fallen through, the company will still be redeeming its US$lOO million worth of bonds earlier in May. Following
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    • Article
      Lock icon Tuan Sing sinks $59m into the red
      426 3  -  But it expects to do better in current financial year By] David Boey TUAN Sing Holdings has plunged into the red with losses of $59 million, hit by the technology slump and some $36 million of provisions at its property division. Losses posted
      426 words
    • Article
      Lock icon SingTel sticking to auditor PwC
      96 3 Reuters SINGAPORE Telecommunications said yesterday it plans to re-appoint PricewaterhouseCoopers as its external auditor at the next annual general meeting. The proposed reappointment comes as Singapore regulators are reviewing whether to make it mandatory for listed companies to rotate their auditors on a periodical basis.
      Reuters  -  96 words
    • Article
      Lock icon Was Nikkei surge a fool's rally?
      712 3  -  anthony rowley NIEXT Monday is April Fool's Day, and it also happens to be the time when it should begin to become apparent whether the more than 20 per cent jump in Tokyo stock prices over the past month or so has been a
      712 words
    • COMPANY Briefs
      • Article
        Lock icon Eastern Pub back in the black
        45 5 Reuters EASTERN Publishing has reported a 2001 net profit of $890,000, against a loss of $2.78 million a year earlier. Turnover rose to $16.33 million from $14.66 million. Its 2001 dividend payout remains unchanged at 6.5 per cent. Reuters
        Reuters  -  45 words
      • Article
        Lock icon Yaming profit plunges 82%
        64 5 LIGHTING specialist JK Yarning International Holdings has reported a 10 per cent increase in 2001 turnover to $51.6 million. But net profit slid 82 per cent to $1.2 million. Earnings per share came in at 0.67 of a cent, down from 4.05 cents the year before.
        64 words
      • Article
        Lock icon Singatronics sinks into the red
        60 5 SINGATRONICS posted a 2001 net loss of $8.97 million, compared with a $3.92 million net profit the year before. Turnover fell 16 per cent to $62 million. Loss per share came to 3.7 cents, against earnings per share of 1.6 cents previously. Net tangible assets
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      • Article
        Lock icon April 15 date for Peter Seah
        37 5 PETER Seah will succeed Ho Ching as chairman of Singapore Technologies Engineering on April 15. Mdm Ho Ching will remain a director "to facilitate a smooth transition", a company statement said.
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      • Article
        Lock icon Publication off Flirt suspended
        39 5 TIMES Periodicals is suspending its young women's magazine Flirt after the April issue because of unfavourable economic conditions and weaker advertisement bookings. The move will save $400,000 a year for the Singapore Press Holdings subsidiary.
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      • Article
        Lock icon IPC profit falls 34% to $5.1m
        33 5 Corp has reported a 34 per cent slide in profit for the year ended Dec 31,2001 to $5.1 million. Sales dived 66 per cent to $7 million.
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      • Article
        Lock icon Aztech net loss doubles to $18.7m
        48 5 AZTECH Systems has sunk deeper into the red, with a 2001 net loss of $18.7 million, compared to $9.9 million the year before. Turnover fell 45 per cent to $151.7 million. Loss per share rose to 4.7 cents, from 2.5 cents previously.
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      • Article
        Lock icon HLA net loss halves to $7.8m
        43 5 HONG Leong Asia has narrowed its 2001 net loss to $7.8 million, from $15.1 million the previous year. Turnover increased 4.5 per cent to $270.2 million. Loss per share was reduced from 7.73 cents to 3.97 cents.
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      • Article
        Lock icon Grand Central profit drops to $4.1m
        34 5 tiUTEL (irand central has reported a 2001 net profit of $4.1 million, down from $7.3 million previously, despite a 60 per cent increase in turnover to $82.4 million.
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      • Article
        Lock icon Koh Bros slips into the red
        42 5 KOH Brothers Group has slipped into the red, with a 2001 net loss of $3.7 million, against a net profit of $900,000 the previous year. Turnover increased 43 per cent, from $209 million to $299.9 million.
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      • Article
        Lock icon Guthrie posts 62% drop in profit
        65 5 GUTHRIE GTS said yesterday its 2001 net profit fell 62 per cent to $3.4 million, as turnover slipped 10 per cent to $181 million. Earnings per share fell to half a cent from 1.3 cents previously, while net tangible assets per share dipped slightly
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      • Article
        Lock icon Rotol cuts net loss to $449,000
        57 5 ROTOL Singapore said its 2001 net loss narrowed to $449,000, from $1.8 million a year earlier. Turnover dipped 4 per cent to $13.6 million. Loss per share came to 0.27 of a cent, compared with 1.11 cents the year before. Net tangible assets rose
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      • Article
        Lock icon Leong Hin remains in the red
        46 5 CONSTRUCTION machinery supplier Leong Hin Holdings has reported a $3.99 million loss for the year ended Dec 31,2001, after a loss of $4.4 million the year before. Turnover fell 22 per cent to $18.4 million. No dividend has been declared.
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      • Article
        Lock icon Tung Lok slips $1.5m into the red
        50 5 TUNG Lok Restaurant has posted a loss of $1.5 million for the year ended Dec 31,2001. Tung Lok posted earnings of $3.1 million in FY2OOO. Turnover rose 18 per cent in 2001 to $58.6 million, from $49.7 million. No dividend has been declared.
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      • Article
        Lock icon Poh Tiong Choon posts flat profit
        48 5 POH Tiong Choon has reported a flat 2001 profit of $2.26 million, compared to $2.23 million a year earlier. Turnover edged up 4 per cent to $40.6 million, from $38.9 million. The company has announced a 5 per cent dividend per share.
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    • Article, Illustration
      Lock icon Heavyweight tech stocks scored top gains in Q1
      753 5  -  BntSGX's total market cap fell a whopping $57b over end-Dec to $277b By David Boey TECHNOLOGY stocks were the best performers on the list of 100 biggest companies by market capitalisation on the Singapore Exchange, as these counters scored the strongest percentage
      FILE PHOTO  -  753 words
    • Article
      Lock icon Osprey hit by exceptional loss, vessel disposal
      270 5 USs34m net loss against previous USslo9m profit OSPREY Maritime yesterday reported a 2001 net loss of U5534.2 million against a U*****.3 million profit the previous year due to an exceptional loss and the disposal of vessels. The loss per share was 18.13 Singapore
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    • Article
      Lock icon PSA profit down 8% to $732m
      161 5 Reuters PORT operator PSA Corporation yesterday reported an 8 per cent decline in net profit to $732.08 million. PSA. slated for privatisation by the government and owner of stakes in several overseas ports, said its global throughput fell 3.2 per cent to 19.13 million
      Reuters  -  161 words
    • Article
      Lock icon PNE Micron offers 62m shares at 22c each
      275 5  -  Byi Geraldine Lor SINGAPORE-BASED surface coating specialist PNE Micron Holdings yesterday launched an initial public offer of 62 million new shares at 22 cents each for a listing on Sesdaq. The offer represents 29.9 per cent of the company's enlarged share capital.
      275 words
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      72 3 jjL&j r M^m 11 kTi I S'M mI a *7i| IH *^^^|m3HMM|HB| k" I iA"J r A 1 u <;-v Cape Land S STAINLESS STEEL AUTOMATIC CHRONOGRAPH CHRONOMETER OFFICIALLY CERTIFIED (COSC) v <>\ rfS m DICKSON WATCH A JEWELLERY EMOTUS TIME CULTURE'. GASSAN WATCH T2 (SOUTH) PRECIOUS TIME WT B
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      37 5 IrFwl Lianhe Zaobao I Hutchison I I Whampoa I I PSA Corp I Ito step up I I competition I I as China I I eases port rules I I I I mi. SftJRB I I I
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      Lock icon Page 5 Advertisements Column 2
      150 5 FINE WINE PRESERVATION TECHNOLOGY Made in Denmark The VINTEC cellars offer a combination of technical features refrigeration, heating f system, humidity recycling and ventilation with aesthetic finishes of plain opaque doors or anti UV J smoked-screen glass doors, and I wooden shelves. I Features: fl Brazil Brown Finish H pBUP
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      613 5 Bordeaux vintage 2001 has emerged! We are pleased to extend our invitation to you to partake in this ritualistic practice setb^^l Bordeaux tradition Simply fill in the reservation form below with the chateau that you are interested in, together with the number of I cases you intend to acquire and
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      272 6 OTHER SINGAPORE INDICES Mar 28 VALUE CLOSE BOW 101.00 -55.00 wcm -*****.00 -43.00 -*****.00 +10,00 m-mtmMrn 474.36 +1.38 172.73 +0.33 MMnfti 1598.49 +10.61 tQfpgnhip 452.28 -5.41 WOTIiKinii 227.58 +0.87 ■OQWwi 229.20 +1.70 CWIandl5c 84,169.000 IP0020C 41.747.000 GESmaUd20c 39.509,000 Portek20c 27.590,000 LateTech US4c 19.323.000 RoJy IrrtUSlOc 15.780.000 KLW H Wgs 10c
      272 words
    • Article, Illustration
      Lock icon ST Assembly's $3.25 target hinges on momentum
      260 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan WHILE attention has been largely focused elsewhere in the market, ST Assembly Test has been quietly climbing in the past six months. The stock gained four cents to $3.08 yesterday, its highest close since November 2000, and
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    • Article, Illustration
      Lock icon Window-dressing props up STI
      712 6  -  ■HAjknjLuujUwuyui STOCKS ven sreenivasan Yesterday was window-dressing day in the Singapore stock market, with fund managers and institutional investors forcing up blue chips to support the Straits Times Index on the last trading day of the quarter. And they did a pretty good job. The index
      712 words
    • Article, Illustration
      Lock icon As, NZ$ shine as gold clears US$300 hurdle
      553 6  -  JKHMMHUBIaSIiJ CURRENCIES European and Asian nnits weighed down by intervention talk larry wee AN OVERNIGHT surge in the price of gold found the Australian and New Zealand dollars the biggest gainers in Asian trading yesterday, while European currencies and some Asian units
      Source: Reuters  -  553 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2349 6 UNIT TRUSTS FUNDS citijapan is* CrtiBond Spore A/$ 1.203/ CibBond S'pore B/S 122* AM Amro Asset Mgt (S'pore) Oti Money Sing Dollar Class 1.0391/ Star Europe Eqty!* 0806/ Gt> ParvEurope Equity Fund 11/ StarEi*ope8d 096/ C/tiSelect Asia Tilt Balanced 1* Star Europe Bal 0.879* CitiSelect Asia T* Growth i.» Star
    2,349 words
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      Lock icon Page 7 Advertisements Column 1
      98 7 I o I Birth rate down, life expectancy up, exports down, inflation rate no change, productivity up, illiteracy rate down, unemployment rate up, crime rate down. How do you run a country? Figure it out. i k .1 m V- The Bigger leeuee. The Singapore Administrative Service. ■'■''''%£&£s&• V, bL*
      98 words
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  • SINGAPORE news
    • Article
      Lock icon Retail rents down slightly in Q1
      250 8  -  -By Kalpana Rashiwala JONES Lang La Salle says overall retail rents fell marginally in the first quarter and are expected to remain soft in the next six months. Rents at suburban shopping njalls eased for the first time since early 1999, when they recovered
      250 words
    • Article
      Lock icon Machines beat properties at auction
      204 8  -  By Andrea Tan AFTER failing to find takers for any of the 18 properties it offered on Tuesday, DTZ Debenham Tie Leung sold six out of seven machines at an auction a day later. Associate director Shaun Poh said he was "slightly discouraged" by the
      204 words
    • Article
      Lock icon Analyst upbeat on Asean investments
      524 8  -  Goldman Sachs sees foreign direct investment rising to 2.5% of GDP Ky Chuang Peck Ming THE recent cutback in the flow of capital into Asean is not a reflection of deeper problems, but merely mirrored a cyclical downturn that is now on the mend. "As
      524 words
    • Article, Illustration
      Lock icon A government of networked agencies
      154 8 A total of 31 Administrative Officers will be promoted on April 1. They comprise 17 to be promoted within the Timescate grades, 3 into Superscale Grade and 11 within the Superscale Grades. Mr Heng Swee Keat, Permanent Secretary, Ministry of Trade and Industry, is among
      154 words
    • Article, Illustration
      Lock icon One-north to have latest wireless local network
      322 8  -  Meanwhile, IBM opens high-tech building in Ch&ngi By Grace Tan THE proposed 200 ha "onenorth" infocomm development area at Buona Vista will be completely covered by wireless LAN (local area network) and will become one of the largest wireless campuses in the region.
      322 words
    • Article
      Lock icon URA pilot scheme draws response
      222 8  -  By' Vince Chong THE Urban Redevelopment Authority (URA) has received three applications and more than 50 enquiries under the pilot home office scheme it launched in November last year. The scheme covers five areas where shophouses predominate Roberts Lane, Beach Road, Lavender St, Mohd Sultan
      222 words
    • Article
      Lock icon MTI paper was forward-looking
      427 8  -  MAI LI .TTTI Friedrich Wu Director, economics division Ministry of Trade and Industry I REFER to Lee Han Shih's article "Global semicon surge might miss Singapore" (BT. March 25), which discusses an MTI paper on Singapore's growth engines in the annual Economic Survey of Singapore 2001
      427 words
    • Article
      Lock icon Retail banking sector is highly competitive
      200 8  -  Ong-Ang Ai Boon Director, The Association of Banks in Singapore I REFER to your article "FTA with US could spin 50,000 new jobs in S'pore" by Chuang Peck Ming (BT, March 23). When addressing the American Chamber of Commerce last week, the US Ambassador
      200 words
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      75 8 Guna In Your Hands Keeping a keen eye on the rapidly changing Chinese economic landscape is China Business Watch, a new supplement by Lianhe Zaobaa Available every fortnight it is an indispensable read for businessmen and investors In and around the region. Indeed, with up-to-the-minute information, China Business Watch could
      75 words
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      36 8 wtfoomiMm E-awßusmt bttottarQaph.com.9g or fox mmt 6319-3277, or Tknm, SPHHOIOK i ToaPmyoh North, Podkm Lovol 3, Singopon 31&094. Wo noodyourfotnmm, jMMrmts mxitobphom* numbor.oowmcmvorify *comoto*nyou.noooo *nguogo,ondbom+l t mMKbol lmm.m pvgsjs imcrMMifer V .a 2 pubtcmbonondtormki editing chmngo*.
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      95 9 SINGAPORE BUSINESS AWARDS 2001 <;■ W 'W g mm a IN A TOUGH YEAR j 1' il'HT' HW ;-'v^ fyi j Jointly Organised by: <, yS£» ,*s!*£%. X&fr —THEBIISINESSTIMtS v '?~s "HO ;M IN SINCAPORC \bk.ml K JB M W;«r J Rom left Wong Tai (Informatics), Wee Cho Yaw (UOB),
      95 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Hollywood battles its Enemy No 1
      808 10  -  THEBH OPINION william pesek jr The writer is a columnist for Bloomberg News. The opinions expressed are his own. Bloomberg FLIPPING through a menu at a run-of-the-mill restaurant in Beijing, patrons are greeted with a more colourful offer: "You want DVDs?" It's a common
      Bloomberg  -  808 words
    • Article
      Lock icon IN OTHER WORDS
      44 10 The government did not strip him of his Zimbabwe citizenship but he chose not to comply with the renunciation of foreign citizenship requirement' ■Wiliifcfcii Zimbabwe's registrar-general, on stripping the last white minority leader of colonial Rhodesia, lan Smith, of his citizenship.
      44 words
    • Article
      Lock icon Another storm passes, but...
      576 10 EDITORIAL THE immediate storm has passed and Japan, yet again, has muddled through. Unhappily, new storm clouds are already massing on the horizon, with potentially uncomfortable consequences for Japan's Asian neighbours. With a collective sigh of relief, Japan will end its current fiscal year today with
      576 words
    • Article, Illustration
      Lock icon Hotchpotch of FTAs could hurt world trade
      1255 10  -  Critics say that East Asia's growing bilateral deals have a 'global dimension' which does not square with regional trading arrangements By Anthony Rowley The writer is BT's Tokyo correspondent THE agreement reached in Seoul last week between Japan's Prime Minister Junichiro Koizumi and
      REUTERS  -  1,255 words
    • Article
      Lock icon A new US-China realpolitik
      730 10  -  COMMENTARY Bush deftly plays the Taipei-Beijing card and Bering plays right along By Joseph A Bosco The writer teaches a graduate seminar in China-Taiwan relations at Georgetown University's School of Foreign Service LAT-WP CHINESE leaders hailed President George W Bush's visit to Beijing last month as
      LAT-WP  -  730 words
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  • REGIONAL news
    • Article
      Lock icon Syed Mokhtar in rescue deal for RNC Corp
      525 11 KUALA LUMPUR Move to torn ailing plastic-pipe maker into top-five water utilities firm Bloomberg SYED Mokhtar Al-Bukhary, best known for his control of ports in Johor, is on a course to transform listed RNC Corp into one of Malaysia's five biggest water
      Bloomberg  -  525 words
    • Article, Illustration
      Lock icon KL courts to rule on Tajudin's case today
      201 11 KUALA LUMPUR Bloomberg MALAYSIA'S High Court will decide today on a plea by Tajudin Ramli to bar the state bad debt agency from selling his pledged shares in Technology Resources Industries, as he seeks to stay in control of the mobile phone
      Bloomberg; NSTP FILE PHOTO  -  201 words
    • Article
      Lock icon KL sticking to 3.5% GDP forecast for now, says Dr M
      358 11 KUALA LUMPUR Any changes will only be made after Q1 numbers are ont AP MALAYSIAN Prime Minister Mahathir Mohamad yesterday said the government would stick to its forecast of 3.5 per cent economic growth for 2002, for now. "We
      AP  -  358 words
    • Article
      Lock icon S&P may cut YTL Power's credit rating
      110 11 KUALA LUMPUR Bloomberg YTL POWER International Bhd's credit ratings may be cut by Standard Poor's Corp as its purchase of Wessex Water could strain the power company's finances. S&P said it has YTL Power's "888-" rating on Credit Watch with negative implications. YTL
      Bloomberg  -  110 words
    • Article
      Lock icon Jakarta hires Ernst & Young to audit Bahana
      513 12 Jakarta hires Ernst Young to audit Bahana JAKARTA Mandate is to sort ont USsBoom debt at the state-owned holding company Bloomberg INDONESIA has hired Ernst Young to carry out the first independent audit of state-owned PT Bahana Pembinaan Usaha Indonesia, to sort out the holding company's US$BOO million of debt.
      Bloomberg  -  513 words
    • Article, Illustration
      Lock icon Shareholders'wrath
      20 12 Reuters slogans tte annual shareholders' meeting of South Korea s loss-making Hvnix Semiconductor in ,W op selling <Hymx)dtn-chap REUTERS
      Reuters; REUTERS  -  20 words
    • Article
      Lock icon MMC's acquisition of PTP stake to hit FY03 bottom line
      307 12  -  For FYO2, pre-tax g*™ fell to RM190.5m from RM4I9 Jhn previously FYom Diana Oon Abdullah in Kuala Lumpur MALAYSIA Mining Corporation yesterday said earnings would be reduced in the coming year, following the group's acquisition of 50.1 per cent of
      307 words
    • Article
      Lock icon Job cuts likely if Jakarta bans hiring temporary workers: Exxon
      430 12 JAKARTA Law allowing hiring such workers may be scrapped: paper Bloomberg EXXON Mobil, the world's biggest publicly traded oil company, said a proposed ban on the hiring of temporary workers in Indonesia may discourage investment and lead to job cuts
      Bloomberg  -  430 words
    • Article
      Lock icon Asian slowdown may hit Aussie horse market
      161 12 SYDNEY Bloomberg ASIA'S economic slowdown may spread to the horse paddock next week when racehorse buyers from South-east Asia arrive at Australia's Easter yearling sale with less cash to spend. Thoroughbred prices may decline as much as 10 per cent, traders said. Lower
      Bloomberg  -  161 words
    • NOTE Book
      • Article
        Lock icon Off-market RHB Capital share deals
        56 12 Ratters [KUALA LUMPUR] Malaysian banking and financial services group RHB Capital, which recently announced plans to merge with Utama Banking Bhd, saw 66 million shares traded in several ofT-market transactions yesterday. The married deals were valued at RM145.2 million (5170.3 million). No details on the
        Ratters  -  56 words
      • Article
        Lock icon Ibra gets US$320m for BCA stake
        81 12 Reuters, Bloomberg [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) said yesterday that it has received around US$32O million in payment for a 30 per cent stake of Bank Central Asia (BCA). Separately, BCA reported that 2001 profit rose 72 per cent. Profit at the
        Reuters,; Bloomberg  -  81 words
      • Article
        Lock icon Gamuda posts higher interim profit
        84 12 AFX [KUALA LUMPUR] Gamuda Bhd said yesterday that its financial performance in the six months to January improved over the same period last year due to the Sungai Selangor supply scheme phase 3 project, as well as a better performance in its toll, water concessions
        AFX  -  84 words
      • Article
        Lock icon Getting 3G providers to deliver
        83 12 AFX [KUALA LUMPUR] The Malaysian Communications and Multimedia Commission (MCMC) is finalising a detailed penalty scheme to punish service providers who Coil to deliver promises made to users, in particular third-generation (3G) service providers, Malaysian Business Times quoted chairman Nuraizah Abdul Hamid as saying. Mr
        AFX  -  83 words
      • Article
        Lock icon KL approves 62 big water projects
        57 12 Reuters [KUALA LUMPUR] Malaysia has approved 62 major water projects costing RM51.9 billion to meet rapidly growing water demand, a local newspaper reported yesterday. Deputy Works Minister Mohamed Khaled Nordin was quoted by the Nov Straits Times as saying that the nationwide projects, including
        Reuters  -  57 words
    • Article
      Lock icon Start-up Semiconductor to go public
      503 13 CHINA CHIPS Nasdaq, NY or HK exchanges are possibilities for Chartered ally Bloomberg [SHANGHAl] Semiconductor Manufacturing International Corp, a start-up China chipmaker which has an alliance with Singapore's Chartered Semiconductor for the China market, said it plans to go public next year as it seeks
      Bloomberg  -  503 words
    • ASIA Notes
      • Article
        Lock icon China to study currency basket plan
        72 13 Reuters [TOKYO] China's central bank chief Dai Xianglong said yesterday that he would study a proposal by the IMF to introduce a currency basket system instead of pegging the yuan to the US dollar. "The IMF has proposed that China should consider relatively flexible
        Reuters  -  72 words
      • Article
        Lock icon Japan, China ink yen-yuan swap deal
        51 13 Reuters [TOKYO] Japan and China yesterday signed a yen-yuan swap agreement as part of an Asian-wide currency safety net designed to boost regional cooperation and ward off future financial crises. The scheme, worth US$3 billion, is the sixth such pact under the Chiang Mai
        Reuters  -  51 words
      • Article
        Lock icon China bourses set Q1 results deadline
        57 13 Dow Jones Newswires [SHANGHAI] The Shenzhen and Shanghai stock exchanges said yesterday all listed companies will have to announce first-quarter results by April 30 and those failing to do so will be suspended from trade. They also said first-quarter reports can only be announced
        Dow Jones Newswires  -  57 words
      • Article
        Lock icon Retirees picket Beijing plant
        60 13 Reuters [BEIJING] About 100 retirees gathered outside the gates of an ailing car plant in Beijing yesterday to meet management to resolve a dispute over years of overdue pension and healthcare payments. One retiree said they were waiting for the leaders of their former employer Beijing
        Reuters  -  60 words
      • Article
        Lock icon HSBC offers lores services in Beijing
        50 13 Bloomberg [SHANGHAI] HSBC Holdings pic has become the first non-Chinese lender to win approval to offer foreign currency services in Beijing. The bank may now let Chinese individuals and companies in Beijing and Shanghai open accounts, get loans and transfer money in foreign currency.—Bloomberg
        Bloomberg  -  50 words
    • Article
      Lock icon TSMC to build new Taiwan plants
      260 13 TAIPEI NTs9ob in vestment prerequisite for investing in China Bloomberg IN what is an apparent prerequisite for those investing in China, Taiwan Semiconductor Manufacturing Co, the largest maker of chips for other companies, said it will invest NT$9O billion (554.7 billion) in advancedchip plants
      Bloomberg  -  260 words
    • Article
      Lock icon Grace Semicon to make chips for Oki
      338 13 Bloomberg [SHANGHAI] Grace Semiconductor Manufacturing Corp, founded by the son of Chinese President Jiang Zemin, said it will start production next year for Japan's Oki Electric Industry and other companies that are halting investments in chip manufacturing. "Oki will not build any more
      Bloomberg  -  338 words
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      6 11 MMC expects lower earnings, Pg 12
      6 words
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      Lock icon Page 11 Advertisements Column 2
      1383 11 is UNITED ENGINEERS UMrPED (Incorporated in the Republic of Singaporel ANNOUNCEMENT The unaudited results of the Group and of the Company for the financial year ended 31 December 2001 are a. follow.: GROUP COMPANY S5" 2000 Increase/ 2001 2000 Increase/ *000 $000 (Decrease) SOOO $000 (Decrease) *****8 396,961 11 30,468
      1,383 words
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  • Article, Illustration
    Lock icon FINANCE
    930 12 Transaction date: Mar 28 nrrBEBAM» CROSS KATBS fa* 1 TW mm 1 HZtPttta Hm 88 8wQ Sir NTS BaM pm m 11 1 1 1 y 0J4> M#» 3.955 1.179 4B0 25.964 52J94 0.706 7.034 2.022 120***3 27JH 0579 1063 1893 ***** ***** OJ73 1532 Wi 1*0 1210 17B
    930 words
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  • Article
    Lock icon COMMODITIES
    1394 13 btw ruTMItES Mar 28 MMQ Mm <Oa*g picas) K1(Stw»iAo Oom VataM Om Uw «rtt (ta—I) Mwrt 1 CITS 02 p? x J» 02 B2.75 MftapOZ 125.00 ISS 3 (US cwtsAfj VotwM Om 5* Wjfc l— Satt (t—«) Igiwg "6125 550 «-25 M00 ■"•02 J5.7S J*5* 02 6630 65.50 6100
    1,394 words
  • Page 13 Advertisements
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      557 13 THE r C£v* place to a sia"n PARTY RESTAURANT-BAR TL Mondays Saturdays Old Thong Chai Mcdical Holl 50 Eu Tong Sen Street Call toll-free 1800 289 8822 MTMMATTHOf IW COMMMB ACI CHAPIB SO AND MINIIUnBOF jonwc asm sAifsrn in (f—OK'VOmwiMTT m Exftwfeory Gonond No*, of in Mid Comply Md 21
      557 words
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  • Article
    Lock icon STOCKS ASIA
    4577 14 i Transaction date: Mar 28 for more, go to zvuwxisiacnenmarkets/xmt HONG KONG Interchina Hldgs .0.89 -0.03 722! ¥•1 Interform Ceramics 0.02 inch ***** "O *t- <88 Infl Bank of Asia 194 -003 166. (Regent Group ...0 23 0.03 25$ ActossAsm Multimedia 0.35 -0.05 0 KG Holdings 4.70 unch
    4,577 words
  • ENRON saga
    • Article, Illustration
      Lock icon Andersen says yes to Volcker revamp plan
      615 14 NEW YORK Report gays firm plans to announce at least 6,000 US job cots next week LAT-WP, AFX. Bloomberg LEADERS of Andersen's US auditing practice have told former Federal Reserve chairman Paul Volcker that they will accept his restructuring plan, potentially a key
      LAT-WP,; AFX.; Bloomberg  -  615 words
    • Article
      Lock icon US brokerage sued over Enron 'strong buy' call
      254 14 HOUSTON ÜBS PaiaeWetter Monti ef deceptive receameadatiea, firiag adviser ever'sell'call Dow Jones Newswires FORMER ÜBS PaineWebber clients are suing the brokerage for financial losses they incurred when Enron Corp felled last year despite the firm's repeated assurances that the stock was attractive.
      Dow Jones Newswires  -  254 words
  • Page 14 Advertisements
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      38 14 SqP g£ K PPMpB& r 1^ ■By^ iT'. do eggstra-ordinary things this weekend! > eggsplore what goes into your sunny side-up > go to eggstremes at the world's biggest mobile funfair > have an eggcellent Easter with our wow-wow chocs mmmmm
      38 words
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  • WORLD news
    • Article, Illustration
      Lock icon Strong dollar policy stays: O'Neill
      479 15 WASHINGTON Statement a contrast to Fed official's remarks that greenback was overvalued Reuters A DAY after comments from a Federal Reserve official ruffled currency markets, US Treasury Secretary Paul O'Neill on Wednesday emphasised that there has been no change in the long-standing position that the
      Reuters; REUTERS FILE PHOTO  -  479 words
    • Article
      Lock icon Ericsson to slash 25,000 more jobs?
      297 15 AFP, AFX BELEAGUERED Swedish mobile phone maker Ericsson could lay off up to 25,000 more employees this year if the economy fails to recover, after cutting 22,000 jobs last year amid a sweeping restructuring, a Swedish financial daily reported yesterday. "Ericsson is preparing further
      AFP,; AFX  -  297 words
    • Article
      Lock icon DoCoMo likely to take 1t yen loss
      329 15 ■TOKYO Extraordinary loss due to fall in value of overseas investments AFP JAPANESE mobile phone giant NTT DoCoMo Inc is expected to take an extraordinary loss of about one trillion yen (5513.9 billion) after writing down the value of its foreign investments, a
      AFP  -  329 words
    • Article
      Lock icon US$2b Q3 writedown for News Corp
      212 15 Bloomberg [SYDNEY] News Corp said it will take a writedown of about US$2 billion for the fiscal third quarter ending Sunday because of its investment in Gem star-TV Guide International Inc, the Wall Street Journal reported, citing an unnamed company spokesman. The media company
      Bloomberg  -  212 words
    • WORLD Watch
      • Article
        Lock icon Osama e-mail blasts Saudi peace ofier
        97 15 AFP [DUBAI] An e-mail purportedly from chief terror suspect Osama bin Laden lashing out at the Saudi Middle East peace initiative was published by an Arab newspaper yesterday. The London-based Al-Quds Al-Arabi said the world's most wanted man branded as a "betrayal" Saudi Crown
        AFP  -  97 words
      • Article
        Lock icon UK firm NTL posts US$12.8b loss
        66 15 NYT [LONDON] NTL, the British cable company, reported a US$l2.B billion loss on Wednesday for the fourth quarter and said that there was no guarantee that it would be able to renegotiate its debts before running out of cash. A string of acquisitions during
        NYT  -  66 words
      • Article
        Lock icon Morgan Stanley raises US$7.3b
        97 15 Bloomberg [NEW YORK] Morgan Stanley Dean Witter Co, facing the prospect the Federal Reserve will begin raising interest rates as early as mid-year, borrowed US$7.3 billion in the biggest bond sale by a securities firm. Investors said the sale will help it to lock funds for
        Bloomberg  -  97 words
      • Article
        Lock icon Japan govt to take over two banks
        96 15 Bloomberg [TOKYO] Two closely-held Japanese regional hanks that went bust in the past four months will be taken over by a government-run bridge bank after flailing to find other lenders to absorb their deposits, the Financial Services Agency said. Ishikawa Bank and Chubu
        Bloomberg  -  96 words
      • Article
        Lock icon Iraq pledges never to invade Kuwait
        72 15 AFP [BEIRUT] Iraq clinched a dramatic rapprochement with Kuwait here yesterday in the face of US threats of attack by pledging in writing for the first time never to repeat its 1990 invasion of the emirate. Iraqi Foreign Minister Naji Sabri said the promise
        AFP  -  72 words
    • Article, Illustration
      Lock icon Argentina may bring back peg to fight peso volatility
      401 16 BUENOS AIRES Another possibility conld be a currency band, say sources Reuters THE Argentine government, its survival threatened by recent volatility of the peso against the dollar, may abandon a free-floating exchange rate that has brought more chaos to the country's
      Reuters; REUTERS  -  401 words
    • Article
      Lock icon Moody's raises S Korea's credit rating by 2 notches
      343 16 ■SE&UL Reuters MOODY'S Investors Service raised South Korea's sovereign ratings by a surprising two notches yesterday, paving the way for cheaper borrowing abroad by Korean corporates and financial institutions. Moody's, citing an improved externa] profile, upgraded Korea's foreign currency country ceiling
      Reuters  -  343 words
  • Article
    Lock icon KLSE
    2264 15 Transaction date: Mar 28 KUALA LUMPUR FraserftNeave .3.56 0.02 6 Vo( FSBM 234 -0.03 10 m +A (-000) FWInAistnes 035 unch 22 Gadana 1.18 0.04 7 Aft M Realty 1.13 -003 166 Gamuda 5*0 0.10 1786 Abric 1.98 0.10 228 GanadCorp 1.02 0.01 7 AC? Industries 3 JO 002
    2,264 words
  • Article
    Lock icon SGX
    697 15 Transaction date: Mar 28 m am, <*■»! m am MM 50c OJO 1100 -0X00 '2 Sf? 11*0 Chart wKond 1.?l iflO OUf Ql47 4 too «o mo SLKth, OK aiW 2Sr* Mat aJJ 0J 2?®»T« 22J00 SGX 1t a 79 1300 -0410 J"®? is* U400 ♦0.100 SA 50c US
    697 words
  • Article
    Lock icon BONDS & WARRANTS
    673 15 BONDS WARRANTS U* MCM> to *MK C 3*a ®5H Mct »<!■% U» AS71VW***** H -1.5 117 1 16 4 1.40 27 Aon* ltd W*****6 1 unch 54 1 SO 430 3.33 32 An*ekW***** 715 1 1089 1 33 146 39 Armstrong VW***** 45 1 10 21 2*7 26 AiiafoodP W*****2
    673 words
  • Page 15 Advertisements
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      27 15 SIMPLY BREATHTAKING asi a n RESTAURANT•BAR Mondays Saturdays Old Thong Chai Medical Hall 50 Eu Tong Sen Street Entrance at New Market Rood 10 I 6532 6006
      27 words
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  • Article
    Lock icon SGX MAINBOARD
    5031 16 Transaction date: Mar 28 for live prices, log on to wuni\asiaonemarkets£om w* Out UmQu— GrOhr M* 6rYM M HO* WtAng Clim Sria W- fW> U» 8p» Sdhr CVr fK |3 hid 6 ABNAmroNLG 56c 9 14 I* 223 IS c ACE pynanno20c 19 -t 763 203 173 115
    5,031 words
  • Article
    Lock icon SGX XTRANET
    38 16 ■y- >-r-, a > a ■r-jya."; sr; s-a-ra I'MO CIO s DamonA USIOMO 6890 3830 s ISDJUSTecti USSHO S» 440 s fS MSG Sport US57S 1M30 9870 i 5S4PSOO US11MO WSO 99SO s STOHS US WHO II"*""
    38 words
  • Article
    Lock icon SGX SESDAQ
    1311 16 if" M Oat IIQilli MMv m CrTW IM MCa VMM C —rg s*w- rw« i— u» 4— m» %c» wi >3 *g 123 UcABRHUpSc 115 -15 293 20 15S 14.5 19 5 M <J ,a 2? s ,i5 11" u M !M u J J J} 3 54
    1,311 words
  • Article
    Lock icon CLOB INTERNATIONAL
    277 16 y* JM UHQMto CiMr Mr 6rTM M mum i— c—yy w- t— cv wi >3 110 to AVJcnranpA25cA M 1 98 SB 100 102 40 3.4 10-2 57 7103 C40uyPac2OcHK. 720 265 2.1 7.4 6 *****2 Omjng KongSOc HC 1700 240 6J 6.7 3 408% 5 S3 45
    277 words
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  • EPICURE
    • Article, Illustration
      Lock icon All-round health
      465 17  -  A spa cafe cum health store with all things good. JAIME SB reports JAIME EE IT takes a certain kind of mindset to eat at Healthy Planet Spa Cafe. You need, firstly, to like healthy food, or at least aspire to like it. You should be someone who
      465 words
    • Article
      Lock icon A new spring to Jaan
      207 17 CRAVINGS AFTER opening late last year as the jewel in the crown of Swissotel, The Stamford's Equinox Complex, Jaan has just launched its spring menu. The restaurant is sticking with its French/Khmer cuisine, though most of the dishes have been changed. A light and refreshing
      207 words
    • Article, Illustration
      Lock icon An afternoon chocolate affair
      178 17  -  Compiled by Corinne Kerk DON'T fret that Easter chocolates will disappear after this weekend. Chocolate-lovers can continue to indulge in their favourite treat at The Ritz-Carlton, Millenia Singapore's New Heritage Chocolate Afternoon Tea Buffet. The highlight of the buffet in The Lobby Lounge is a Valrhona
      178 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      194 17 Where to wine, dine and entertain... TBta| r wwwjMnersxoPLsg «J jn Jgjfl* Weekwidi and hoßdoys ®e for heodtog down to Cohman't tor Inch wtun omt buftol spread of ovwr 50 dWm, •ndtota Wow ol barij#y. Ho or coWto owotti you. your wasivoWom at (66) 416 1132. Catoman't. WMfcMcvtubfc HoMay *mcb
      194 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      93 17 Rasa Singapura Ist March—3lst March 2002 A trip down memory lane.. Carlton Hotel brings IXyou the nostalgic favourites of crispy chicken ngoh hiang. tantalising satays, heartwarming yong taufu and many more. Exclusively at the Caft Vic. Supported by the Singapore Hotel Association and Singapore Tourism Board Prices begin from 15.00
      93 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 3
      137 17 v w. seafood in d p.jn -•waA h cAsVv p|j ivdf|g K 4* it.' i --it rwww.fish co.cofi 14.-; ■■■SJ's'i *>-•; 13" t-. Want to dine on our superb value-for-money set menus but can't make up a group of 10? You will be delighted with our Executive Set Menus specially
      137 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 4
      133 17 WW i BB Vj wt^m FRESH TREATS EVERYDAY A corner of sweet temptations offering homemade confectionery fresh from the oven daily. MaHtlarut QQ Suyaparr j Bf7 M o,^^—SsSESsj 333 Orchard Road, Singapore *****7 Tel: 737 4411 fax: 737 7334 Room avaEabfe for your I •Anniversary Dinner Dance j I Baby's
      133 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      124 17 CRYPTIC CROSSWORD Drink is served about ten by 4 SCope ,or Jj^^— 12 Wittf'business tattering, 8 right answer very fBIZZ!^I^^H|LZ^HLZIjHtZZj|LZj|riZjB| 14 A devil to Ileal wtthwhw 13 keep- —LLJ~Li— 15 People of some standing into the taU grass 17 Greek character turning to 1 Work carrying the ij^JHI_JK^ZjH 20 Sweet
      124 words
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  • CINEMA/THE ARTS
    • Article, Illustration
      Lock icon Much ado about dying
      726 18  -  The satirical Big Shot's Funeral is entertaining with good cinematic style and cast chemistry, says GEOFFREY EU GEOFFREY EU Ever since Crouching Tiger, Hidden Dragon blazed a bamboo trail to Hollywood's door last year, then bashed it in with a breathtaking combination of myth, martial arts
      726 words
    • Article, Illustration
      Lock icon Don't count on a good update
      537 18  -  The latest adaptation of The Count of Monte Cristo is a watered-down version of a good classic By Parvathi Nayar BACK in one's schooldays, Alexander Dumas' The Count of Monte Cristo was a swashbuckling read about friendship, betrayal and, most of all, revenge. No,
      537 words
    • Article, Illustration
      Lock icon Character re-Engineering?
      434 18  -  By Aaron Lye HE calls himself rotten to the core, but there's just something about actor Rehaan Engineer's overall demeanour, and the way he presents himself, that doesn't quite let you believe that. Last seen in luna-id's Down the Road last year as convicted murderer William Reach, Engineer
      ARTHUR LEE  -  434 words
    • Article
      Lock icon PROGRAMME
      409 18  -  Compiled by Aaron Lye PERFORMANCES KaUiakaH A series of performances featuring kathakali, a traditional Indian dance form. With music provided by a live orchestra, kathakali artistes from Kerala will entertain with colourful garb and graceful motion. April 12-14, 7:3opm, Drama Centre. Tickets at $15, $20, $30 (concession price of
      409 words
    • Article, Illustration
      Lock icon A Machine with great Pinteresque tension
      540 18  -  Play takes a well-crafted peek into modern relationships By Parvathi Nayar THE impact and intentions of play-wright-journalist Tan Tarn How's latest play Machine are well described by the adjective Pinteresque. The word apparently coined in 1960 refers to a special kind of theatrical experience
      540 words
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  • PERSPECTIVE/PROFILE
    • Article
      Lock icon Oscars: It's payback big time
      729 19  -  OFFfiiTjanii But behind the triumphs looms the shadow of a racial divide, made stronger by the emphasis on Halle Berry and Denzel Washington's colour jaime ee LADIES and gentlemen, welcome to the Otang Awards 2002 better known as the Oscars aka Hollywood behind-the-scenes bitchfest, and
      729 words
    • Article, Illustration
      Lock icon Bridge builder
      957 19  -  An ex-national badminton player builds on her competitive background to create business relationships, reports JEMMRE T nnt JENNIFER LIEN [SILICON VALLEY] ASK Shamini Dhana how she rose so quickly to senior management level in a top international bank, and she ventures a somewhat unexpected theory. "Competitive sport," says
      957 words
  • Page 19 Advertisements
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      1283 19 (1 MUalmp POH LIAN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HERE B* GIVEN THAT an Extraordinary General Meeting of POH LIAN HOLDINGS LIMITED will be held at 2nd Floor 2? 103 S?JT 10, 1- S,nWOre *****3 on 22 April 2002 at
      1,283 words
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  • FRIDAY MARCH
    • Article, Illustration
      Lock icon Untitled
      1008 20  - High-powered execs may abound in the new Financial Women's Association but it's the camaraderie of networking and personal development which rule. PARVATHI NAYAR reports. PARVATHI NAYAR GO for it. She wasn't wearing Nikes, but that was the point that Indranee Rajah pushed across to fellow women professionals at the Financial
      1,008 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      282 21 Reuters THE Baltic Dry Index (BDI) fell two points to 1,082, the Baltic Panamas Index (BPI) lost 10 points to 1,034, the Baltic Handymax Index (BHD dropped 25 points to 7,363 but the Baltic Capesize Index (BCI) was up six points to 1,392. imßoum ♦lolcos Ability (built 1982)
      Reuters  -  282 words
    • Article
      Lock icon MARITIME STOCKS
      254 21 ■HHHH *h 1M CWT DMributlen 0.79 0.02 23a ChuanMup 0.42 unch 993 CotcolnvMtiMnt—0.24 unch M3 Fr#4oM Link! 0X7 0.01 317 OBrtoWlngi 041 unch 29 IMC MoMngi-HK —940 unch 0 JayaHaUlngs 0.21 -0.01 714 KappalCorp 4.to 002 1429 Kapp*4 Marina o.1» 0.01 289 Kappa«7ata 1.12 -0.01 739 Latray Marina
      254 words
    • Article, Illustration
      Lock icon Shenzhen port's box traffic soars 40%
      734 21 Shenzhen por t's box traffic soars 40% Chinese mainland exports bypassing HK, which saw 4% drop in throughput Reuters [HONG KONG] Container traffic at China's southern Shenzhen port soared nearly 40 per cent in the first two months of 2002, confirming one of Hong Kong's worst fears that more Chinese
      Reuters  -  734 words
    • Article
      Lock icon China to ease ownership controls on port facilities
      177 21 Reuters [HONG KONG] Foreign companies will be allowed to take majority stakes in port facilities in mainland China from April 1, the South China Morning Post said yesterday. Foreign investors will also be allowed to wholly own terminal facilities and their operating
      Reuters  -  177 words
    • Article, Illustration
      Lock icon Search continues for 23 workers
      312 21 DOBAIDBYDOCKS ACCXDHMT 13 bodies found; most of 241 working at time of accident are Asians AFP [DUBAI] The search resumed yesterday for the bodies of 23 workers still missing after 13 died when a wall of water flooded into a giant dry dock in this
      AFP; REUTERS  -  312 words
    • Article, Illustration
      Lock icon S'pore to keep its edge on transport, logistics sectors
      368 21 Govt initiatives will meet competition head-on [SINGAPORE] Meeting competition in a comprehensive and co-ordinated way will be an underlying factor in Singapore's efforts to maintain and build on its leading position as a global transportation and logistics hub. This came through
      FILE PHOTO  -  368 words
    • Article
      Lock icon Vessel owner must pay for fall in value of cargo detained unlawfully
      777 22  -  ADMIRALTY CASEBOOK By Selva Kumar THE damages payable by a vessel owner for the unlawful detention of cargo carried on its vessel should include the fall in the value of the cargo due to an economic crisis at
      777 words
    • Article, Illustration
      Lock icon Narita's passenger numbers fall 8%
      247 22 AMAHOMRTgffH Bloomberg [TOKYO] TOKYO'S main international airport at Narita said passenger numbers fell at a slower pace in February than in the previous two months, because the economy shows signs of recovery and passenger started returning. The total number of passengers at Narita fell 8
      Bloomberg; AFP  -  247 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      204 22 PACE Fuhai 4 ApfwnslNp 5 4 Avant to C Link K> B'taog Mas 5 CtoryNav to BSA 6 H«nfl»i 4 BSC tO Hamburg-Sud 5 BTl tO Hoegh 9 Baiaji 4 Hecag-A 3 CMACGM 3 HubiJne to COSCO 3 HUAi. 10 Central Ei 4 Hyundai 4 Chahaya 10
      204 words
    • Article
      Lock icon SHIPPING GUIDE
      17494 26 thebusinesstimes THEBUSINESSTIMES EXPORT ITA A4vertfsw V«M Vovto* TiMhm I ETA FT A u si* rlrt-n ETA ETA Advwth* Vassal voya* Tatephon. 0(/04 0/05 BSA TEIGNBANK SPUJ *****493M Tb ABIDJAN (ABJ) 2003 Cot* DMvoira 09/04 J0/04 cosco cosco Hamburg mmw ts-tzzewe 07/04 29/04 Mm 0ELMAS BLOSSEVILLE nw ********** V/04
      17,494 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        454 31 V °V "0 Brth Arrival Departure DL M 2 /wuo wwxm 1002 JOI 28/03/8:15 28/03/13^0 !t ***** M a/03/tJO 28/03/B30 •nNMKMYA »3W JOI 28/03/9J0 28/03/1430 M 28/03/8* 29/03/430 I™,"' 2,502 JM 28/03/7 J5 28/03/2230 *****0 J03 28/03/735 28/01/1630 288 MB25 J02 28/03/9:20 M/03/1030 AfRI2Al 343Q2 JOI 28/03/930 28/03/16:00
        454 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1400 31 —"cowwtof Bffo»rracotir<unE«s/>iiotacM«fl 00 Booklm/BalMct Rstts J J** Nrfad FS, *a SMUU DON 30/15-00 21moo 27/899 27/1900 0 27/1700 20/0*59 W090C fwt 27/ITOo it/VKK 00 20/0700 20/189 2VH0C io 20/1200 20/1459 iwno «**W* J207t »/8*o i 27/800 27/8M r*KX io 2 27/ttoo worn 20/0900 Z. 27/1700 ?»/0*5« ?vwoc 0
        1,400 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        196 31 March 20 Singapore: Good Friday Australia: Good Friday Canada: Good Friday France: Good Friday Germany: Good Friday Hong Kong: Good Friday Indonesia: Good Friday New Zealand: Good Friday Norway: Good Friday Philippines: Good Friday Sweden: Good Friday Switzerland: Good Friday United Kingdom: Good Friday April 1 Australia: Easter
        196 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        766 31 THIS report, compiled by Cockett Ma rine Oil Ltd. show* price ranges in US dollar* instead of (ingle price* for a more comprehensive description of the market Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Bunker Price change and the individual
        766 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        297 31 Mar 21 DaaaJtv Ratar J*®*® 99L9 M BJ 0.07 43 0^03 2S2 f Irtltolaha iatmm NoakowE25 2 0 t 0 0 0 «Mi 330 A«t W7.1 0.2 U.O 0.06 26 0.02 %mi »MI m "f 17 j °-°j IS0/a tL b 5S Z S SS 22
        297 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon SIA, Cathay unlikely to join business-class fare war
        624 32 Plan to slash prices may be confined to smaller Asian carriers; analysts AFP [SINGAPORE] Smaller Asian airlines have launched a business-class price war to ride on a projected aviation recovery but major carriers such as Singapore Airlines (SIA) and Cathay Pacific are
        AFP  -  624 words
      • Article
        Lock icon Thousands stranded by UK air traffic glitch
        259 32 Reuters [LONDON] Thousands of travellers were stranded in British airports on Wednesday when an air traffic control system crashed throughout the country. National Air Traffic Services (NATS) spokesman John Freeman said there had been a failure of the National Air Space computer, which
        Reuters  -  259 words
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        491 32 They say better screening of workers is sufficient Bloomberg [WASHINGTON] FedEx Corp, United Parcel Service Inc and other cargo airlines want aviation regulators to drop a requirement that the carriers strengthen cockpit doors to resist attacks. Cargo airlines want the
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        Lock icon Shanghai Int'l Airport's profit up on higher volumes
        215 32 Bloomberg [SHANGHAI] Shanghai International Airport Co, which owns two of China's biggest air terminals, said net income last year rose 4 per cent as passenger volume increased. Net income rose to 566.8 million yuan (*****.5 million), or 0.401 yuan a share, last
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        Lock icon Indian Airlines to buy 43 planes for US$2.25b
        525 32 Govt approval expected; airline fighting to keep its share of market Bloomberg [NEW DELHI] Indian Airlines. fighting to keep its half of the country's domestic market, placed its biggest aircraft order after two years of delays and a botched effort to sell
        Bloomberg; FILE PHOTO  -  525 words
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          Lock icon Qantas,Origin expand code-share
          57 32 Dow Jones [WELLINGTON] Australia's Qantas Airways said yesterday it has expanded its code-share arrangement with regional New Zealand airline Origin Pacific. The new arrangement adds twice-daily return flights between Auckland and Palmerston North, and a once-a-day return flight between Palmerston North and Christchurch. The expanded code-share agreement
          Dow Jones  -  57 words
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          Lock icon US Airways to take US$148m charge
          69 32 AFP [ARLINGTON, Virginia] US Airways, the sixth biggest US airline, said it had found buyers for 97 aircraft and related spare parts and was taking a US$l4B million non-cash charge agatnaf its 2001 results. In a statement on Wednesday, the company said it would
          AFP  -  69 words
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          Lock icon Air Canada Jaxx rolls out
          106 32 Dow Jones [HALIFAX] Air Canada's regional carrier, operating as AirßC, Air Nova, Air Ontario and nmwiiiin Regional, marked the completion of its two-year consolidation process with the introduction of its new brand name, Air Canada Jazz. In a news release, the major Canadian airline said
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1654 32 OW njBff tu fuott no so4« 2350 AWeWe LH9770 2230 MM S0405 0*20 Friakfart LM9767 0650 S0326 1240 *«*tw*» S023 0*25 HUM 2300 S025 0650 C*970 2235 S0323 0655 $024 2345 W9764 1535 LH9763 Z3V0 6*975 noo SO324 2345 so325 1535 S026 2350 W W LK77I
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      517 22 [ZZro USAJCtfififM 1 I EXPORT I OTHER destinations I TO AIWTRAIJA tAUSTBAm ASIA EXPWgMI WUWM xti4 W/W I 03/04 I If*4 73/04 74*4 24/04 24/04 77*4 I OOaNONBUWS 3KIS o»*4 I 10/04 I 71*4 30/04 01/05 01*5 01*5 04*5 Wt W I ntgl I I t| ST» MI Ml «tt
      517 words
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      61 22 WORLDGATE EXPRESS LINES PTE LTD iaQ Cag m ■—B-inli Mifcip. PIMM 10 J* T«l: *****911 Fix: JM0W73«*****63 Email: wgßt*Ombox2^JngneLcom.sg WEBSITE: httpy/www. woridgate. com, sg WEEKL.Y LCL :SERVICE TO FOLLOWING PORTS iu/ifl ffffl,f, o)l^CWIM 07/ M COUMtIQ 03/04 mSBk BAi_ LJL--U- j~ BMBft i fujuoftijuioS ovw SSSW =i= IMI EST BSC
      61 words
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      562 22 Lines servicas naprwanted by Menbar»of*elkgi-#yaf RMamberjofrf* \XgJJ) Accredited Shaping Aganh, Sin 9 a P of Logis»»a Singapore Shipping Association Association CONUMEtS/ CONVUmOHAL CAKO <> |>"X^w ror njMiG/siiGAWi/iMugu t Mnomi NW ETAPKL eta sin eta male N""l|J «*4 U«4 11/ M PrtatfwUh M«e IM4 21*4 B*4 UU HAWSE SERVICES SINGAPORE IWCB4
      562 words
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      1065 23 TO* EUROPE FROM EUROPE wca wr mi m m w a ia llvbm wt Imm hm m sou in il H/w u/w i5/w API coral ioc io/mm/N m/M M/M m/M aaiWNMNa ooiw io/w h/m 14/ M 10/w 20/ M htumaiukrt xn 10/u 12/03 u/03 00/ m 30/03 HTUOMfBOM 334W 01/04
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      1439 23 CAU TO 1 COUMUO T/TiSOATI "W COST** SlimNC pn in Sg/n /4,,, *ggBs WA WW KI SSniSSF 6 ™-'£jgi8 l Sigj??. CINO: M7I7SOOOOOM TH: 0221 1900 (MAM) MWAIO(D/0) M2OS7M ******10/00 KftMG MUTTTOT ES2SS? T/SMPDVT ******25 ******1*/** KUAJTTAN 04-*****00 £2522 COWVBfTWm ******01/150 ******23/73 W->WSTO 09-503*041 raLi *sa 2m <» w m
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      468 23 Vesa wl J«_ M* ho sw ra ua rus wr sin stG jkt sw poena* ws y 4 ia/4 iy« iy 4 a/4 -gjj hwhowmk xm V 4 M w IV4 iv< IV4 gMWiL. Uffl jggjgg W4S V 4 It/4 IV4 14/4 17/4 W4 jjm Mm B M *>»*—l *H
      468 words
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      1090 24 HYUNDAI MERCHANT MARINE CO., LTD. vgsa WT SM SOU UN RTM ANT HAM MV HT DISCOVERT 307W 25/03 10/ M 10/ M M/ 04 IJ/04 I API AGATE 106W 20/03 14/04 19/ M U/04 17/ M MOl PERFORMANCE 001W 29/03 14/ M 20/04 14/04 10/04 HTFEWtAI 334W 01/04 23/04 17/04
      1,090 words
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      627 24 WAN Hil LINES INTRODUCING: NEW WEEKLY EXPRESS SERVICE >Aden >ieddah > AQABA HH Weekly Express Monday sailing For more details, call HOTLINE: 1800-*****00/*****88. ASM QPtfSS ISM SAAB 25/13 24/03 17/ M 157 A M/M 01/ M ff/M 04/04 ISM 14/ M 14/ M M/M 11/04 W* 17/ M 2S/04 01/
      627 words
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      580 24 WEEKLY EXPRESS SAiUNG SCHHHJLE ALSO ACCEPTNG TO Mi NORTMBM AND WESTBW CO PORTS FCL TO COCHM. TUTBORW to COLOMBO A KAMDLA NHEM SHEVA wi nm mi—) um ohm aamnm mSMLCDi RS 7VMMI N/XWI nm Sao ■sbsmi»h« mi MA»MIEIF W" l/J*l VtM t/lOtft mo IMRMMDS wwsiwrnw m whim seine Mm ii/ii/n
      580 words
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      979 25 A Great Way dubai Persian gulf WITH IRISL AGENT M SMGAPORE AGENT M MALAYSIA NO:**********0H BOUSTEAD SMPPMG AGENCCS SON. BHD. PT. SMOSE CONTI PERSADA KL TEL: 03-*****300 FAX; 03-*****682 TEL* 62-21-*****33 BBSL REP: DVtECT TEL: *****936 PEN TEL'O4-*****15 FAX: 04-*****07 FAX: 62-21-*****30 _JB TEL: 07-*****33 FAX: 07-*****22 itetsiiw-roas' ww-,11 i*
      979 words
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      468 25 UK CONTINENT SERVICE LoacSngtar OCEAN ISLAND F®M/ATW/BMN/UK/LPL DIMrTRA RDM/ATW/BMN/UK/NAN Lom Sngapof. EVW MdonwM MIDDLE-EAST SERVICE Loadng tor UON GLORY JDH/AQA PAN QUEEN DBl/ABU/DOH/BRN/DMM/KWT HANDY ESPERANCE DBI/ABU/DOH/BRN/DMM/KWT RAINIER JDH/AQA/DMT ANAJS LAND JDH/AQA/DMT *Loadi Singapore, E J*N. >4Ma»—. Indonaaia USA SERVICE Loadngtor HELENA PRIDE CAM^4F»VSAV/NOL LOK PRAKASH VCW/LAX^IZL HABIBE ANA CAM/NRVSAV/NOL XoacnEyW.MiHayaa.
      468 words
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      686 25 MCiuMt i£k SPs; gv JBSB Ml— MrliSfi g{S SKS— KM" UB */5 STwTfe^ n/M 4U; —jjflj g#j— wan A W/M Sum jnSuau 55 JS—- 3g^l_[->^__[ rsshI —■is- jjjjbl' ifcrfllrfjjß i »cmmma^^^_^_i 7/u nm 22/04 iraimm ~wbbb —P7H —S7H -fgi SS CMOTO iffe=^=-sl —=n^=n=^= I sS___l__L4/B I u/M ujmL Ssb-— -*—-^rfflg
      686 words
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      267 26 1 VKSfI |VOY I SIM I! «H cmi I mi I OTM |m atkMJmmLJM (H/P4 QS/04 rufi 25/04 w/04 ~mL yiilf D AMttiß 17SW 111/04 11/04 29/5 I 01/05 02/05 M/K |t!flBTI6B 17HW i«/ 04 19/04 07/05 1 09/05 U/DS 14/05 12/05 Accaphng cm 90 to ofl UK iniond dwinotwm
      267 words
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      141 26 CWT GLOBELINK PTE LTD aaKssasasaaaa^^ fitsr mmmmmmMAM ALEXANDRIA/PORTSAID/ASHDOD/UMASSOL/PIREAUS/THESSALONIKI/BEIRUT/AOABA/ISTANBUL/IZMIR mmmmmmm mmrnmi BARCELONA/GENOA/MARSEILLE/LA SPEZIA LISBON/LEIXOES emmmL&mmffimmmmz VIENNA/PRAGUE/BUDAPEST tmmu mmw*e LE HAVRE/ANTWERP/ROTTERDAM/HAMBURG/BREMEN/FELIXSTOWE/SOUTHAMPTON SOTHENBURG/OSLO/HELSINKI/AARH US/COPENHAGEN For nqulrMbooUltts. phut all *****1 7 7 THAMK YOU FOU USING CWT GLO9CUMK TOKO LINE KKHAAK KOKO/COMVPffIONAI SIKVICt FAX. >65) TOKOSE iAf/W/HOWCKOWG/STMin/lATai/UKAITA -fPnnir W I *1 rWtB 1 WG
      141 words
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      66 26 STAMMID SHIPPING AGENGES PTI LTD *****189 HOTFAX: *****114 LCL Fd »UULIO/W SffWK NOtTN VKTMM HAPNONG SHUTTU SEKVKI 1 1 'r- |"V i ID— fie M—flAlim Mm 10 tm I in, SOWTW VCTIOI-SAI6OW SWTTU SttVKl I Stmt j HOWlcn HfMpmliitf) OrttT (PA. I Kim Him SWCAPOti JMAKT* SttVKl-wmar SttVKl ffVBT SATWtBAT
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      207 26 iMft MYANMA FIVE STAR UNE "tssxr 22.. w m m m ran MWU ow su OWSMWIHMV S4W SID MUVSU AGENTS: OOUSTUD SMPPWG MOCKS ML- TH 03-*****)00 WL IB 03-317*4101 «t IE 04-*****02 Klk TH 07-*****11/4 tgk BANK LINE w*> W imktw WMr TMppli|) VT NOtTHBQUNO TO EUtOPE~ CONUMB, RORO, HUU
      207 words
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      81 29 T ttPaUSAHAANPHAttRAN KALIMANTAN 1 DIRECT WEEKLY SERVICE TO 1 JAKARTA/PmmAWC/DOKUJ I Vmmt I I HH i«t Irmw Iwui ucmmmbi M/n n/M M/M iT/iT I l-DOm B/H H/5 T?/S TI7H 1 mi— i -jflw —rc7B w5 1 H7iri SURABAYA/PANJAN6 V««mI Vm SM r~«S Fli i m —wm —i I PMAWAMC/PfKAII lAIU
      81 words
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      89 29 SIN PASIR QUDANQ SIN DAILY SAILINGS [VESSEL IVOY ETA PC MY VOY I ETA SMI OArl! pwocwEss zsm aag "ni" latm I I sia 11 MUfHIM ittl 30/03/02 Iff 1408H 31/Qi/Q? m —JSZS&_ Jdltt Jin I OMmn mq^ [QOLDEW yew ***** 01/04/02 MOW Q^prfnjE Aooaptkig UC cargo ft Rm#v ConMfcwr
      89 words
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      74 29 ■mm MMi-mi /coioh/wmt/owtho— ■VIM BB SSSmSB" "AST un ■iatwMWKTS ■VCAWB SMtfOtf COUMMO. WMMI ■A3W un ■VIMTA SMUratf BUMAL lAIAO* win IM MUHM CMTAGON& CALCUTTA sin (youm»T) PHOENIX SHIPPING iptv) LTD MONTHLY BREAKBULK SERVICE TO SOUTHERN AFRICA ANO INOIAN OCEAN ISLANDS VESSEL NAME VOY SPORE DURBAN PHOENXI I 04/001 18/04 30/04
      74 words
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      95 29 VESSEL VOY Ett 9H DESTINATION TM not IMSAR VUNGUU/MnNFOH 2* 7704 Kit Art TMGOA/WTttOOIIG ItOHCU m 7704 is-i7*« Airr inoonesmn poet 'ALSO ACCEPT CARGO FPU OTHER PCWTS ON A6EETV: IM MS HO SMPPM6t TRADING CO PTI(ID TO: U417M1 (3 IMS) ML- 4S-4J41/M3 H/fc tnillll LBAE MMBk ridLartl It— ETA ETC
      95 words
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      68 29 5= ESP LINES mew wtaiT lq sanoa to lacos Vtssa SAUK FVHT THUKSMT rVBT Wg U PfR PCTtTttt. cowvamom/miUßuu savig FTSJ lOadwc-K* 15/m/JOO? DWAI, OMMUM MMiaWKWMIWirPUWHWtnMIWMM'' crmfii rrm STaa( ra. «mai fa* übiiv PTUfi 1H; UJS4J3 MX: 1X***** I^^ i MaiiUISWBiPORE/VgIIMISaWCE vissas m m m ksimmkm ■BON6 04 J/JOOI HPOVT
      68 words
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      546 30 TWBuri Wiji'iVftiiiiMni.ii »fii" s saw sua ml I JSSi« S 4 #M,/W 14-it/M 2*23/04 I I 22 ~,V,M ~,,/<M X-Z7/M I I* It 34 ?3;s,rH nx M ffi OKJ7/D4 H25/04 I IdlllTHM ***** Q7-01/M 13-15/04 24-75/04 I |EungMiMiiy no 0304/04 o*-OVO4 10-11/04 I |»®S«ra^^3ll^^lj]l/j^^l£lV»4)7jW4l I IgMCTMi 4)1 3MI/j>4 0242/04 0345/04
      546 words
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      548 30 BS T S«6AfO«l POtT ULANG OfITUCOHG MOHGU n» no tu no ra no tIMUZ »m 31/03 01/04 05/04 09/04 W6WtTT OMKW MOM 01/04 03/04 04/04 00/04 11/04 OHHIS ~iiß ***** 04/04 05/04 ~i075« m UTS iiTS" j*/N 97/04 11/04 nm PRIIGHT LINKS IXPRKSS PTE LTD 51 Penjuru Rood, 3rd Uvol,
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      57 30 CONFER (S.E.A.) MJ SHIPPING PTE LTD TEL: *****86 a FAX: *****24S DIRECT CONVENTIONAL SERVICE TO CHITTAQONQ VESSEL SIN CTG SAPPHIRE OfrO7APRW. 10-1S APW. iwrict Fcua/cowvnmoim ibwicm to»Indtan 9ubCar*w« MM Cafcu* Bcrtiay Kraft CabnOo Oman TtkahOlMi FarEM HoOilMi Honoung IMI Bwprti. Bumi PCL/LCL S*rvtc*s Toe AuMi 9yOWf Mafconna Euap* FMdm dwt—i
      57 words
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      835 30 I uZ. PDZ LINES I Sl*.^!^y B >w I www am ti/M coop ?u; 31/13 am im w/oi Gtm ttm 02/ M SSSg^TT? «swb nw M/waa am 03/04 cam a* 02/04 gkmi 2144 W/M mBk —mn ivw ww 2in 00/04 Guoo am 00/04 2222 00/04 <s** am l</N j; Sf~azw
      835 words
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  • Page 31 Miscellaneous
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      110 31 Is. Thunderstorm Showers X\ Cloudy Day SKS?™ °0 Wind direction and speed in knots £X Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates caJm or light and variable winds I I Slight, < 1.2 m "'—One half fleche represents 5 knots d| Moderate, 1 2m 2.5
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