The Business Times, 1 April 2002

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Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P> *****/2002 SINGAPORE Internet: http://business-times.asial.com.sg/ MONDAY. APRIL 1, 2002
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  • 24 1 mawam m st DSiat|HrU8^— L8» s<tjss/sip*$_u» —tm EOP««M).l»4—tm OK .if*. UN w *y» 7u# .m HK8—„ 4gg BAIT 4U1 SjM BUPIAH Ml® MM
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  • 640 1  -  "grnrnm M JIM A I A mm merged entity willeverUke PwC u largest auditing firm here By Conrad Raj [SINGAPORE] Ernst Young has beaten rivals KPMG and Deloitte Touche to the punch. It has snatched for itself the Singapore arm of beleaguered international auditing
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  • 928 1  -  snmnsm By Quak Hiang Whai [SINGAPORE] United Overseas Bank Group intends to build alliances with domestic Chinese banks as part of its plans to move into Greater China. UOB chairman Wee Cho Yaw, who has declared Greater China as the next big frontier
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  • 823 1  - SGX firms' profit dives 77% and few upgrades are in sight By Ven Sreenivasan [SINGAPORE] With the results reporting season all but over, analysts' seeming reluctance to upgrade their earnings forecast for Singapore is coming as a disappointment to many in the market As of yesterday, 278 listed firms had
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  • 812 1  -  Hibiki P trt, to be run by PSA c«uiitiun,Mtte have spedal rale Promt Anthony Rowley inTokyo I A NEW Japanese port that Singapore's PSA Corp will operate is to play a pivotal role in Japan's new national transport policy. Tokyo
    812 words
  • Page 1 Advertisements
    • 60 1 nefiST^ He ".'.<■ Jii' <■ 9VP ■>■ F^ tJjp- r i|j §k| Pott-bubWe US, farw worvykm lifciiinflil ii mJ/j simnarraea. pg ta Qotdssnt above USS3OO by hedge funds. P« f3 bUU lUu P||,|-|.., p«®* 'on. f-orwgn W'lIM portfolio managers should take longer I* ft" 9 m. -nszrs?,^' dealing services via
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    • 36 1 Wee Oho V\ya Dealmaker Without Parallel Hoo. another two-time Businessman •-> ttie ear expounds on chaos and creativity Business /V.'ar(i f s{ >♦ iMi supplement fren with today sHI Carina bank sales, Pg 12 Fall ranking, Pg 6
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  • NEXT page
    • 228 2  -  MIVIIHgIMHII rtfNh CMtn m' W» wiii'ii' an! liiiilß—if •xpactediaaarkatatatiy f, *CV *"■'< «•"V'i r.% v aki 1 fi09f%< Macabe Keliher *tTaipei r'S A strong earthquake measuring t8 on the Richtar ecate rocked Taiwan yesterday afternoon, But to the reUef of market flayeft. tt Win be
      REUTERS  -  228 words
    • 567 2  -  Ministry says transport links ti islands will depend on devt needs to be worked oot From Eddie Toh in Kuala Lumpur SINGAPORE has assured Malaysia that the land reclamation works on the Republic's northern shoreline will not affect the shipping lane to Malaysia's Port
      567 words
    • 538 2  -  Firm set to connect 1,000 Chinese cities by year-end By < George Joseph [SINGAPORE] DHL Worldwide Express, the leading international air express company, sees China as the driver for businesses in Asia this year and is confident Beijing will register 7 per cent
      538 words
  • Page 2 Advertisements
    • 218 2 fr School of Business Si Management Q PhD in Business Management I Doctor of Business Administration (DBA) I Executive MBA I MBA in General Management I flB»/ I MBA in Strategic Marketing I I hm MBA in Financial Management 3 rmj Entrepreneurship MBA International MBA University of MBA in Chinese
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    • 8 2 Maflhagt Let market judge Ee Cheong, Pg 8
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  • Page 3 Advertisements
    • 111 3 V v Dbi. i %j *S*Sjß ■I? -*rJOIMh»... 3 V jJL. V "Thank you for giving us even more to shout about!" We'd like to say a special thank you to our most demanding supporters: our business customers. You challenged us to deliver a A world-class info-communications network. We responded
      111 words

  • SINGAPORE markets
    • Article, Illustration
      254 4 OTHER SINGAPORE INDICES Mar 28 VALUE CLOSE 101.00 -65.00 -*****.00 -43.00 >10.00 474.36 +1.36 172.73 >0.33 W>*h»Hi 1508.49 -f 10.61 452.26 -6.41 -W*»w 227.58 +0.87 —OHkmrn 229.20 >1.70 FcoMc loJaSoo klw Hkte 703^000 RolvMU&LOc 69 £99 OOO GES intl Ltd 20c 4MW*000 ASTIlOc SSSOO' Vk%lnd5c STSOOO Sen*Caplnd2Sc ***** 000 JurongT«ohlOc
      254 words
    • 284 4  -  HOT STOCK/ WUUUMT By Ven Sreenivasan MAINBOARD-listed lonics EMS* announcement of earnings growth of 22 per cent to $23.6 mUlion for FY2OOI went largely unnoticed in the market The Philippines-based electronics manufacturing services specialist lifted its turnover in the 12 months to end-December
      284 words
    • 754 4  -  STOCKS ven sreenivasan HE Singapore stock- f I 1 market, by most acI f I counts, showed re- markable resilience last week despite in- tense end-of-quarter window-dressing and a volatility induced by the futures market. The benchmark Straits Times Index managed to end
      754 words
    • 29 4 ♦RAFFLES HoMln®. Ltd win hold its AGMoo April 16, at 3.09pm, The Olivit Room, 4th Floor, Raffla* City Convention Centre. ♦SING LimH^oUllngLtd Room i m apore EmppoBB
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    • 619 4 AFP [HONG KONG] There was Uttle movement in currencies across the region as the end of the first quarter coincided with a long Easter holiday weekend in most markets. Japanese yen: The yen remained rangebound against the dollar as Tokyo players
      AFP  -  619 words
  • 1973 4 UNIT TRUSTS FUNDS On Japan ajy OtieondS'poreA/S tJO» CitiBood Spore B/S i rm AM Aare Aaaet Mft ft pore) Clti Money Sing Dollar Oast B 1.039V Star Europe Eqtyl* 080ft Citi Pan-Eirope Equrty Fund IV Star Europe Bd 09ft OtiSatect Am T1* Mancad 1_* Star Europe Bal 0*7* OWataet Asia
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  • SINGAPORE companies
    • 674 5  -  Part of sale proceeds to be QMd for devt of4oo-nnit condo in Thomson By Christopher Tan MEDIA group Singapore Press Holdings (SPH) Is selling the last batch of Its goodclass bungalows, with part of the proceeds going towards developing a 400-unit condominium
      CHRIS LOH  -  674 words
    • 606 5  -  WIMjK 1 andrea tan PARKWAY Holdings' shareholders may not have been smiling much lately. They have seen their share price Call from $1.50 a year ago to $1 and now to below 90 cents. And it's not that Parkway hasn't been in
      606 words
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  • SINGAPORE news
    • 381 7  -  This follows a blip in Q4 as demand for industrial space remains weak Byl Serena Ng NET allocation of industrial space fell again in the first quarter of 2002, following a blip in the fourth quarter of last year, as demand for
      381 words
    • 486 7  -  By Ven Sreenivasan IF membership prices for golf clubs is one of the leading indicators for the Singapore economy, there is good reason for optimism. The open market prices of these clubs chalked up the biggest month-on-month rise since mid-1999, when the Singapore
      486 words
    • 326 7  -  -By Serena Ng SINGAPORE'S bank lending grew a steadier 2 per cent in February from the same month a year ago but was slightly lower compared to a month earlier, according to the Monetary Authority of Singapore. Loans extended to non-bank customers totalled
      Source: MAS  -  326 words
    • 372 7  -  Retail area nearly doubled; big portion reserved for kids By 1 Vince Chong TENANCY at United Square has reached 85 per cent, as the estimated $30 million, year-long revamp of United Overseas Land's shopping mall heads for completion in June. Retail space
      372 words
  • Page 7 Advertisements
    • 81 7 I Cut Your Roaming Charges by Half [SINGAPORE] For example: You are in China and eveiytime I someone calls, you pay 551.89 per min or more. Using Anti-Roam service to receive this Singapore call you i j pay only a mere 550.50. That's more than 7(K savings. I Anti-Roam is
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    • 200 7 M t H I 1 I v WSo\9fe> Jmm H H i Hi mßtz* > w H I I I Relaxed I B flB T I Bt r I HMi. H I JE$ Bfl HHIi v ]j Bfl i H I THAILAND I I Never underestimate I I the importance
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  • MAIL bag
    • 444 8  -  Patrick Tan Managing Director DBS Asset Management WE refer to your article "What's new in guaranteed funds" (BT, March 27). It is erroneous to describe the option embedded in the Swing fund as a simple "worst-of" option. A worst-of option is designed to lock
      444 words
    • 438 8  -  Tan Joo San Singapore I REFER to your column "Leadership issues could distract banks" by Siow Li Sen (Hock Lock Siew, March 26). It is inaccurate—and perhaps even unfair to label Wee Ee Cheong (UOB's deputy chairman and president, and son of the
      FILE PHOTO  -  438 words
    • 282 8  -  Foo Jong Kiem, Andy Singapore I REFER to your report "DBS disbands e-solutions tp»m in reorganisation" by Angela Tan (BT, March 26). I feel that while local banks re-emphasise brick-and-mortar banking, they should not do so at the expense of Internet banking. Banks should
      282 words
  • Page 8 Advertisements
    • 75 8 We welcome letters. E-maM us at Mmltar9tph.com.tg or fax ua at 6319-8277, or write to: The Bmlnm Timet, SPHHQ, 1000 Toe Payoh North, Podium Level 3, Singapore *****4. We need your fuH name, addraaa and telephone number, to riMMtUN) finywifi language, and beer in mind IMtaws. Wareeenm the right to
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    • 18 8 Lianhe Zaobao IcjfjfcSjJates I I unsecured I I personal I I loans I I I I ttitasH I
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  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 1704 10 The Business Times, Monday, April 1,200; 5) JNISTEEL UNISTEEL TECHNOLOGY LIMITED Notice of Annual Oeneral Meeting the Annual General Meeting of Unisteel Technology Limited will be held 16 Aonf?S e /*J a L °y a "9 c ascent. Loyang Industrial Estate. Singapore *****4 on Tuesday. id April at 10.00 a.m.
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    • 408 10 IN THE MATTER OF THE COMPANIES ACT, CAP 9S AND IN THE MATTER OF TANG A CHRIS TRADING PTE LTD (la Meahen' Vtlaafj Uqaidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly coavened and held at 11 Keng Cheow Street #02-03 Riverside Piazza Singapore *****8
      408 words
    • 1002 10 YEO-LEONG PEH LLC II Sfl Advocates Solicitors, Notaries Public I Commissioners for Oaths, Trademark ft Patent Agents I We are pleased to announce that with effect from Ist April 2002, H I YEO-LEONG t PEH LLC, a law corporation incorporated with limited H liability has assumed the practice and business
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    • 697 10 MUTUAL INVESTMENT PTE LID wna or sprcial usoutkws Nona B ■BIT MVEN THAT *T AN EXTVAOUMNAHf CCMEIAL MEETING Of IBGMMNT Dill CONVENED AND Man io HOI CHIANC ROAD •ib-oo arm towers sincapou *****9 on the 22nd day or hmwh 2002 a MM AM. IHIPOUOVHW SPECIAL HSOUTIONS WEM PASSED: 1 Th*
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    • 227 10 la Tke Mattar Of Tke CtMapaalaa Act, Cay- 5B Aad la TW Matter Of I GOTACALL PTE LTD (la Creditors' Vilaalat? Uqnidaboa I Notice of Rreolabaa Ai an Euraordinary General Meeting of tbe members of the aboveaamed Company duly convened and held a 100 CocU Street #11-01 Singapore *****2 on
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    • 813 10 ALEX INVESTMENTS PRIVATE LIMITED notice or special resoutions v deemed to have umh mo pubuant to section i7*(*) Win CMMNIIS ACT (CAP 50) AT 10 HOI CHLAN6 ROAD *18-00 m TOBIBS, SINGAPORE *****5 ON THE 22ND DAT OP MARCH 2002 AT 10-88 AM. wmmnifiii ■—iiiiuiii ww—t 1.1 Thai pursuant u
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    • 162 10 In the Matter of The Companies Act, Cap. 5* And In The Matter Of eWinfocmnmxom Pie Ltd Asinet Pie Ltd EWaerver Pie Ltd (In Creditors' Voluntary Liquidation) NOTICE is hereby given that the creditors of the abovenamed Companies, which is being wound up voluntarily, are required, on or before I
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  • REGIONAL news
    • 715 11  -  JUIJMLJaIiJULa!UU KL STOCKS OovL la mora m&rkftt-frtwnHly anH fa eddie toh MANY foreign fund managers are still shying away from Malaysian stocks although foreign companies investing in the country's economic sectors are still bullish on the country. The inflow of foreign direct investments (FDI) into
      715 words
    • 383 11  -  New Siam City Bank to be sold to strategic investors eventually From] Harish Mehta in Bangkok TWO ailing Thai banks are being merged today to create a 490 billion baht (5520.7 billion) entity, the fifth-larg-est in the country, that would eventually be sold to foreign
      383 words
    • NOTE Book
      • 104 11 AFP [KUALA LUMPUR] Prime Minister Mahathir Mohamad's ruling coalition wnn an tn<Tf>aBed majority yesterday in a by-election seen as a test of public sentiment in the wake of the terror attacks on the US. Dr Mahathir's National Front won the Ketari seat in
        AFP  -  104 words
      • 85 11 AFP [KUALA LUMPUR] Malaysia plans to raise the penalty tor promoters of get-rich schemes by four-fold to RMIO million (Ss4.B million) and 10 years'jail, a report said yesterday. Thousands of Malaysians have lost their life savings to such schemes, Domestic Trade and Consumer Affairs
        AFP  -  85 words
      • 70 11 AFP [NARATHIWAT, Thailand] Thai Prime Minister Thaksin Shinawatra yesterday wrapped up a cabinet meeting in this troubled southern province by vowing to use economic strategies to battle security problems. He said a broad economic plan including the promotion at tourism would be used to solve
        AFP  -  70 words
      • 39 11 AFX [BEUING] China's foreign trada ministry complaints to the European Union over a decision to limit steel imports has led to a promise that Chinese exports would only see limited impact —AFX
        AFX  -  39 words
      • 70 11 -AFP [BEIJING] Average income for residents in China's three major cities grew by double digits in 2001, with annual income in Guangzhou, Shanghai and Beijing averaging around 20,000 yuan (554,423), state press said yesterday. The averse annual salary in southern Guangzhou, was the
        -AFP  -  70 words
    • 307 11 MANILA Reuters THE Philippine government is eyeing a currency swap agreement with China and South Korea to boost its dollar reserves as a precautionary measure against potential financial market shocks. "The trend is to have bilateral talks with as many countries as we
      Reuters  -  307 words
    • 306 11 Dow Jones Newswires [SHANGHAI] China's interbank foreign PTrhnngn market will start trading the euro against the Chinese yuan today. The euro will be the fourth currency to be traded on the Shanghaibased China Foreign Exchange Trade System, after the US dollar. Hong Kong dollar
      Dow Jones Newswires; REUTERS FILE PHOTO  -  306 words
    • 280 11 NEW DELHI AFP INDIA yesterday removed almost all hurdles for exports and pledged to cut through red tape in a bid to achieve a target of 8 per cent growth. Unveiling India's first long-term export-import policy, Commerce Minister Murasoli Maran announced
      AFP  -  280 words
  • Page 11 Advertisements
    • 153 11 J u .'V ttz-V. 1 *C ''*■> v f $"-1* *K-- Indurtry OpportunWt In BKmwflctw JjipWjyJßr ConftrtfKi Highlights: WW f L updates from our ieadng Mouse epert on the hoctesilssues around the world and review this ■■#ihnlm mmton on the history of Alto's success that defines the future parameters m
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  • REGION world
    • 355 12 CHINA BANE SALES HSBC seeks 15% stake, but Chinese bank willing to sell only 10%: report Bloomberg [BEIJING] HSBC Holdings Pic, Europe's largest bank, and the World Bank's International Finance Corp unit are in talks to buy stakes in Beijing City Commercial
      Bloomberg; REUTERS FILE PHOTO  -  355 words
    • 251 12 Reuters [BEIJING] Citic Industrial Bank said on Friday that it was poised to take on foreign investors to pave the way for a domestic stock listing in 2003, the latest Chinese bank to try to shore up competitiveness after the country's WTO
      Reuters  -  251 words
    • 637 12  -  Qnestion is whether US will prove to be for more resilient From Neil Behrman in London THERE are remarkable similarities between the current post US bubble economy and the immediate aftermath of the 1987 to 1990 Japanese bubble economy. But will America prove to be
      Source: Tokyo-Mitsubishi Int'l  -  637 words
    • 919 12 COMMODnx Weeklyßoundup AFP [LONDON] Gold prices spiked back above US$3OO an ounce last week for the first time in over a month, while oil prices held up close to recent six-month highs above US$25 a barrel. But it was a quiet week .overall
      AFP  -  919 words
  • 491 12 FINANCE COMMODITIES Week ended: Mar 28 omwrnrvim Bvtmu,i«T DTPICATITB PEICB8 A1TP TIBLPS mml\] mi tt M" 5W ia» gCc mm 3 Z MM m 503 2.14* 107.50 107.60 7» MM 5T 5Yt 4U* 10l#i *MI rw 4Sp IS-Oct-OS NTfMM 2.72% 2.69* MJ8 105.65 s ies ss s s s; a
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  • WORLD news
    • 491 13  -  But views differ on whether they intend te held positions From Neil Behrman in London GOLD has burst through US$3OO an ounce because of purchases by macro hedge funds speculating in currencies, stocks bonds and commodities, said London bullion dealers. The precious metal
      491 words
    • WORLD Watch
      • 73 13 Reuters [WASHINGTON] Motorola Inc had cancelled chairman Christopher Galvin's bonus and frozen his US$l.3 million salary last year due to the company's "unsatisfactory financial performance", the firm said in its annual shareholder proxy filing with the Securities and Exchange Commission. Motorola had awarded a US$l.26 million
        Reuters  -  73 words
      • 75 13 Reuters wwyvwiH Ml VIH iUUMi OMWV [WASHINGTON] Wall Street investment bank Credit Suisse First Boston (CSFB) on Friday said it expects to make about US$525 million from the sales of three brokerage units In the first quarter. CSFB said it sold both the US-baaed
        Reuters  -  75 words
    • 256 13 WASHINGTON Reuters AS recently as January, with the US economy starting to show tentative signs of life, the influential New York Federal Reserve Bank saw the need for one more interest rate cut, minutes released by the Federal Reserve on Friday
      Reuters  -  256 words
    • 416 15 NEW YORK Likely gainers will be firms focused on specific businesses, not conglomerates Bloomberg, Reuters AN economic rebound that took hold in the first quarter may drive US stocks higher in the second as corporate profit growth resumes, some investors said.
      Bloomberg,; Reuters; AFP FILE PHOTO  -  416 words
  • 1251 13 MCOM FTITU1B Mar 28 MRI Aim (OhIm ate) ISKScMtito CUM V«taM QM **"■*> H>» L- Srtt (towns) fhrtst bits Iter 02 wx £S£i» 122.75 MA*02 125.00 ISS3(IBc«taA0 VotWM Oom I— Lw Srtt (fmm) *mZ *02 65.25 550 SS S 25 MOO <■ 02 65.75 2400 M*082 66.50 65.50 66.00
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  • Page 13 Advertisements
    • 24 13 Know the difference? An extra stroke, a whole new meaning. Learn Chinese with help from the experts. Find a tutor in Lianhe Zaobao Classified.
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    • 63 13 Cnrtin We prepare Your M|| A Intellectual Capital Full Time July 2002 Intake BacheloiQf&MMMi^Si^^^H (Baaklai i Master of FlnMa 4ll^H "wP— 1 Information I am interested In the following programme, please send me more information: Fu4226 0268 Name: O Master of Finance O Master of Financial Planning Designation. 1 Fax*43B
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  • 522 14 Compiled by Thomson Financial I/B/E/S *^^5jS|MMBBSS23SSSS?ii2»SSS2S3hSaSBSBSSSSS2S{flfe^":.-:, jgggggg^ ftlnVMM feat feat *«> e-f iui ,i JIIMiii 1 11 "i 1 no_fi» *tftHftTfri«wima y w «*> fe^T., jf, MattM K:/ iffilrtnffi''■, y yt 11# gj Vili y»fefrt»|»— HI *n "i?" jfillMgll D* ML. 1.17 11* *****—1**« 4jo iltyonlg.TWhnolaarlJd V im
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  • 74 14 Week ended: Mar 28 5^5=— -JS** p Qfy it..;. *1—as s*—a ssl »*»*jy*» tiw m#u mm sar Be as ass !>*—"M? i**» mm mm OMMM tltT ry aflB im s? w w ts ns mm mm mm mm nut? h« mm s£ ufiS JS JK5 iJSi »s JE5 o»
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  • 618 14 BONDS WARRANTS toot MCw mm aS 9at» *m- pmmm* Wa *9m*m U» ASTIMM0B1 B 13 2199 1 It 4 140 27 AonaUdWWim 1 tnti 974 1 JO 4N US 12 tiiMMMIC 724 74 72* 1 13 141 M Amwrong \MM0820 44 -1 23 1 10 21 247 29 «*aroodHM»***** 04
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  • Page 14 Advertisements
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  • 4416 15 Week ended: Mar 28 for hive prices, log on to wwwjasiaonemarketsjDorn if— *1. JS -1 SfOfcr Dhr OYW M MCa Mh| \mm 5*e fWI f hfcr Cm m fcj wg 9 ASNAinroNLG 9fc m 22-5 15 c ACKkmmaMc 19 *4 ***** 20 5 16 115 It 0.7 a7
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  • 51 15 -II W- rmL J5T*. HKMMi "M ——±—f* t— cw w» >a »B HMO BIO j Damon* US***** *490 0 ***** ***** MO 30 l IS DJ US T«ctl US4900 -100 0 4900 4900 SB 440 1 SMSO Spore USS7S 1H90 WOs ISSAPSOO US11M0 131S0 W50 s STOWS US
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  • Page 15 Miscellaneous
    • 161 15 CRYPTIC CROSSWORD oe9 t remain attent>ve W 12 The done thing (11) (4) 80(110 13 Unmafche <l French writer fin- YESTERDAYS ory mnti (11) ishes miscellaneous articles DOWN (4,3,4) Up,narTnB,9 2 J ,<***, Frcnct, p*, case tor gSSWySS&M w swne anxiefy pj y 17 Atom iq FWu«tort on He toilsjn
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  • BIZIT
    • 912 16  -  A pilot programme is already in place among selected financial institutions which stand to benefit most from the new product, Julie Holland, head of Reuters' treasury services, tells labrt wee LARRY WEE Financial market players can now use the Internet as a platform
      912 words
    • 559 17  -  It's a trusted name in the information business. So why are investors getting edgy? By Paul Chan OVER the last 150 years, British giant Reuters Group Pic has built one of the most trusted names In the information business. Now its business is at
      Source: Bloomberg  -  559 words
    • 474 17  -  This will allow banks to target their products more accurately, says IDC study Byi Chua Hui Min BEFORE plunging into more expensive online projects, banks in Singapore need a finer understanding of their customers, says IDC (International Data Corp). "Prior to introducing costly initiatives
      Source: IDC Asia-Pacific  -  474 words
    • 809 17  -  Bycatcriagtke field «f Arab litaraatprtak, puttftfctWab By Jullette Rosmant THERE w 300 million Arabic speakers from Morocco to Oman; only five million of them use the Internet. That penetration rate of less than 2 per cent is about the same as China's; Japan's, by comparison,
      REUTERS  -  809 words
    • 310 17  -  By] Raju Chellam THE Singapore Computer Society (SCS) announced five winners of the IT Leader Awards, including two for the IT Youth category. Singapore's Acting Minister for Information, Communications and the Arts and Senior Minister of State for Defence, David Lim, presented the awards last
      310 words
    • 776 17  -  INFOTECH Tlie service is a non-starter because there is simply no And that's Just the first of many reasons angela tan The writer is a BT Senior Correspondent. TWO years ago, technology solutions providers, hanks and network operators came together
      776 words
    • 226 17 Reuters [RESTON, Virginia] Nextel Communications Inc. the No 5 US wireless operator, took a charge of roughly US$l.6 billion in Q4 2001 to restructure Nil Holdings Inc, its troubled international unit, the company disclosed in a regulatory filing. The non-cash, pre-tax asset impairment charge
      Reuters  -  226 words
    • 613 18  -  *maafFi Craig Addison THIS refers to the commentary, "Beware the China semicon juggernaut" by Ivan Goh (BizJT, March 25). It's good to see a healthy debate about the wafer fab industry in your pages, three such articles. One of those (from the EDB)
      613 words
    • IT TAKES
      • 70 18 THE Singapore Network Information Centre (SGN1C) has introduced the Registrar Accreditation Scheme for *g domain name registration. Accredited registrars can oflSsr domain name registration for five second level domains: com.sg, org.sg, netsg, edu.sg and perjg. "To foster competition, promote innovation and encourage competitive pricing, there will
        70 words
      • 64 18 THE Singapore Refinery Company (SRC) win streamline and automate its proosssss with e-bii solutions from Sesamilnc (which provides B2B solutions) and Abecha (a joint-venture subsidiary of Jurong Town Corp). The solutions will help SRC electronically eource and purchase both stock materials and services through an e-marketplace.
        64 words
      • 61 18 SINGAPORE'S Data Storage Institute (DSI) has tied up with Singapore Polytechnic to do joint development and offer technology training. DSI is a reeearch institute under A*Star (Agency for 8cienoa. Technology Reeearch). DSI will initially undertake two joint projects with SlngPoly's Electrical and Electronics Engineering Department—in miniaturisation nfkpy drives,
        61 words
      • 60 18 EXEL, s UK-based listed supplier of SCM solutions, has set up its Supply Chain Solutions GrotuXSCSQ) for the Aaia-Paclflr, In Mnppnp> mM it has invested more than $10 million in the SCSG, and Will nffjar Urga onmprtfcm fa hriwritwr energy, consumer, retail, and healthcare advice
        60 words
      • 93 18 MALAYSIAKINL a Malaysia-based digital media startup, said it has received RM1.3 million in fresh ftmds from the Media Loan Development Ftmd (MDLF), an RM80 million venture ftmd with offices in New York, Prague and Hong Kong. MDLF wf&own 28 per cent stake in the company "On
        93 words
      • 32 18 A SEMINAR on Moving upward in a downturn wtilb* V haldonAprU»at the Marina Mandarin HotaL It is organised by Microsoft Great PlainsBusiness Solutions. For details, fox *****002.
        32 words
      • 33 18 China IT Telecom A TWO-DAY seminar on China IT A Ttkoom JOB will be held from April 24 at Swissotel The Stamford HoSeL It is oryaniaed by Telsfocal Asia. For details, fox 8B0T884.
        33 words
      • 31 18 A WEB servicee event. Smart move, will be held on April 25 at the Marina Mandarin HoteL It is orgsnised by Software AO. For details, fox *****587.
        31 words
      • 97 18 M3CROSOFT8 new software development platform. Visual SturifcvNttT, hfTT laf fltl night for XML Web services. It supports up to 23 languages, and comes in three editions: Visual Studio.NET Enterprise Architect It costs $4,500 and enables software architects and eenior developers to build largsacaleapps for infrastructure Visual
        97 words
      • 86 18 KODAK Singapore has introduced the Kodak EasyShars DX4800 Zoom Digital ym Camera "the first I print-optimised I I 4 megapixel digital camera". It lets users make sharper, largBr prints—up to 20 ft by 30 ft It also comes with enhanced 6X zoom, a combination of the
        86 words
      • 68 18 lUMEua uorp nas unveiled its lastest internal CD-RW drive so for, the 40x12x40 internal CD-RW drive. It records at 40x, and writes at 12x. "Users can now burn a 60-mlnute audio-CD in less than thrse minutes," Iomega said. "Excellent Digital Audio Extraction (DAE) speed of
        68 words
      • 82 18 SUN Microsystems said tt will continue to oflter a no-charge download of the OpenOffioe.org— www.openc0kt.org—version of its StarOffice productivity suite. Sun will discontinue the no-charge download of StarOffice, and instead ofisr it for sale through different channels. "StarOffice 6.0 will be offered to end-users through
        82 words
      • 119 18  -  on HI m nhf Raju Chellam MORE than 80 per cent ofWeb surfers in Singapore use at least one search engine a month, and more than 75 per cent are willing to try up to 10 times before giving up on a search, according to
        119 words
    • 586 19  -  It buffering the service to companies in S'pore at $75 per month By C Chen Huifen GENESYS Conferencing Pte Ltd, a subsidiary of Montpellier, France-based Genesys Conferencing, has launched a "unified conferencing" service in Singapore. The company hopes the new service will
      586 words
    • 649 19 But strategy may backfire as market is almost saturated Bloomberg [TOKYO] NEC Corp, Sony Corp and Trigem Computer Inc say they are raising prices for the first time in at least five years to keep pace with the higher cost of chips
      Bloomberg; AFP  -  649 words
    • 155 19 Bloomberg [SANTA CLARA, California] Intel Corp will start selling a smaller, faster version of its Pentium 4 computer processor this week, as the world's biggest chipmaker rolls out a new manufacturing process. The new semiconductor runs at 2.4 GHz. While the first ones are based
      Bloomberg  -  155 words
    • 278 19 Reuters [SAN FRANCISCO] Computer security provider Network Associates Inc (NAI) on Friday pushed forward with its contested plan to buy the rest of anti-virus software McAfee.com Corp for about US$2lO million, a price McAfee's directors have already rejected as too low. NAI renewed
      Reuters  -  278 words
    • 359 19 Charges of 2t yen more than double what company forecast in Not Bloomberg [TOKYO] Nippon Telegraph Telephone Corp may take two trillion yen (5527.7 billion) in charges, mostly to write down overseas investments by its mobile phone unit, resulting in the biggest
      Bloomberg  -  359 words
    • 150 19 Reuters [PYONGYANG] North Korea has lei a of high tech light into Its murky Isolationism by bufidtag a fibre optfc link to China and knowing its first Internet joint venture an online lottery ran by a South Korean company. DPRKoreaLotto.com will start operating this week
      Reuters  -  150 words
    • 774 20  -  SAY To avoid spending millions and yet not meet expectations, consider Ave key factors when rolling ont Inttlathron aljosja van dorssen The writer is a vice-president at AT Kearney Management Consultants. THE late Sam Walton, founder of Wal-Mart stores, once said:
      774 words
    • 443 20  -  Withe-commerce sales rising, companies cannot afford to cot back on IT budgets Byi Chua Hui Min GOVERNMENTS and companies in Asia should step up their technology spend- ing to survive the current onslaught of foreign competition, IT consultants Accenture said in a recent
      Source: IDC Asia-Pacific  -  443 words
    • 278 20  -  Tills trend, which has begun in the West, may smb arrive in S'pore By' Tang Weng Fai PROFESSIONAL services firms may have to actively bear the direct business risks with their clients and do more than just consulting and implementation to stay
      278 words
  • Page 16 Advertisements
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    • 429 16 Routers* reati uoluring will take some time, Pg 17 IT Security Seminar The Pan Pacific Hotel ■fili* Friday, 26 April 2002 LOO pm to &45 pm Can Your IT Infrastructure Survive An Attack? Who AouM attend CEOs, CFOs, CTOs, CIOs, IT Managers, IT Security IT security management is an increasingly
      429 words

  • Page 17 Advertisements
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  • Page 19 Advertisements
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    • 317 20 r 1 h H 1 j k I $fIH M v jjiii -i No tolls, no dead ends. Only Sun™ ONE software THE fuel-injected java~ open standards mean you're were a full-service station. J wilt avimaic and xml software platform. in the drivers seat. so come on by puts your
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  • SHIPPING TIMES
    • 288 21 Contributed by Simpson Spence Young DRY bulk continues to be the mainstay of market activity and the competition for tonnage continues to boost prices. Yeawb aril fcr farther trading ♦Marine Ranger: 63,940 tdw bit 84 B W reported sold region U555,800,000 to Greek buyers. ♦Lepta Venus: 43,536 tdw
      Contributed by Simpson Spence & Young  -  288 words
    • 207 21 m idm N*2t a jl u CWT Ototrthuttan—0.79 0JJ2 238 ClwanM* 0.42 one* 553 Caaca Imaatmant ...0.24 uncft 163 FrrtohtLmu oor ooi sir WMoWngt 061 ancft 25 IMC MXJmi UK SlM uncft 0 JlflWdhUi 021 -0.01 7M MPPM Cora 400 002 14M MM« Marina 0.19 0.01 289 Mpp*T«t»
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    • 475 21  -  Stable ties between port aniens, management will enable country to be N-E Asian hnb By] P T Bangsberg A pledge of no strikes this year in South Korea's ports has been signed by members of a committee including the Federation of National Harbour Unions
      FILE PHOTO  -  475 words
    • 318 21 Tanker capacity 40% higher on purchase of 20 ships Bloomberg [HONG KONG] China Shipping Development Co, the country's biggest oil shipping line, said 2001 profit rose 15 per cent after it bought tankers from its parent, increasing its capacity by about two-fifths.
      Bloomberg; FILE PHOTO  -  318 words
    • 283 21 Freeing np of Jiffiut peninsula ports could cot freight costs, prices in war-torn area AFP [COLOMBO] Sri Lanka is to open its strategic ports in the embattled Jaffna peninsula to international commercial shipping in a move to drastically reduce prices in the
      AFP  -  283 words
    • 235 21 AFP (PERTH] A Dutch ship anchor wrecked in Sri Lanka's Galle Harbour 343 years ago has been raised by a team of divers from the Western Australian Maritime Museum, it was revealed in Perth. The museum's project coordinator, Karen Millar, said the anchor
      AFP  -  235 words
    • 822 22  -  LDIER SCENE By David Hughes IF the fact that last year was not a good one for container lines is public knowledge, the emergence of flill-year financial results for the big carriers, particularly the big Asian carriers, is painting a
      FILE PHOTO  -  822 words
    • 199 22 PACC FrtLMs AppmMp 4 F*«i 5 A«m( 10 CoaortriK 5 rtonqMos tlM 10 BSA 7 OoryNw to BSC 10 H«gN 5 BTl 10 "■>>!Sod 6 Bota* 5 Hot# 9 CMACGM 4 NcanrA 4 C0SC0 4 H*Uw 10 CMtrab S HUM. 10 CMwya 10 Hywtfoi 5 CMmSDp« 6
      199 words
    • 12760 27 thebusinesstimes thebusinesstimes EXPORT ETA ETA AdOTtiMT VnM Voytg* TMohon* I ETA ETA Adv*rttMr VhoI wZH I 5L A y* T,4 ph00# ETA ETA M"**" Vas»I Voyaga Taiaphona mmhBSSSmmBSmm whSS Sm mmm 3SmnhmSi niioimBiiiii m ■$> Munib r Muml r 0/04 00/05 UASC A SIB CB5W 45-*****410 Tb ABIDJAN
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    • SHIPS IN PORT
      • 494 31 Voy Wo NrOi htm P—rt»» Jn|M aonc ooipn (H-jw J04 31/03/9*0 01/04/12*0 Jm4i JO 31/03/7:40 0I/O4/15OO E JM JI/03/W0 0VOV2J*O IT AfMZAL ***** J01 31/03/010 31/03/23*0 I r 1U JOt 3V03/»*5 31/03/23*0 it ni rao«2 Mau joi 31/01/10*0 31/03/23*0 IT NUSTKA ***** JOI 31/03/11*0 31/03/23*0 WUi 1 «"»0e
        494 words
      • 1617 31 iEcavws or exfott fcl cohtaih™ ami m caw Booking/B«l*nc« 1st Is VoyMo Etb/Btr Nriod Frow To Frw aouo«a«i otM i/Too a hyitoo jvotsf mw a jc~x svotii jvwoc J 5*2? IVTrM f ww jvmoi jvttoo *°*w* 01 i/mo a *mo iwjj mm > c JV0M9 JVOfOC JV%40C mwo
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      • 437 31 M« 21 •> Ma 991.9 0.4 BJ (LOT 43 0.03 D** 1 Hill III TitoiH Ho *0W £25 2 0 1 0 0 0 M/M 380 Aw N7.1 02 M.O 0.06 26 0.02 mftn %fA 4M1 J— W12 04 I7J 0.06 SO 0.03 =2 ZlZ %nm
        437 words
      • 152 31 April 1 Australia: Easter Monday Belgium: Easter Monday Canada: Easter Monday France: Easter Monday Germany: Easter Monday Hong Kong: Easter Monday New Zealand: Blaster Monday Norway: Easter Monday Sweden: Easter Monday Switzerland: Easter Monday United Kingdom: Easter Monda: (except Scotland) Airlift Hong Kong: Ching Ming Festival Taiwan: Ching
        152 words
      • 772 31 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are baaed on averagesixed stem Market movements are Indicated The Cockett Bunker Price i~w» change and the individual
        772 words
    • AIR & LAND transport
      • 488 32 He says new partnership with American Airlines opens way to join Oneworld alliance AFP [BEßN] The chief executive of Switzerland's new national airline, named simply 'Swiss', was in bullish mood on Saturday ahead of the company's big launch, stressing that tickets
        AFP; AP  -  488 words
      • 306 32 New regional aircraft to be produced by Embraer Dow Jones [TOKYO! Kawasaki Heavy Industries will build a plant in Brazil to assemble wings for a new small passenger airplane to be produced by major small-plane manufacturer Empresa Brasileira de Aeronautica (ERJ),
        Dow Jones  -  306 words
      • 224 32 Bloomberg {BRUSSELS] Virgin Express Holdings, the Brus-sels-based low-fare airline unit of the UK's Virgin Group, is starting daily flights to Athens and Lisbon as it moves to capitalise on the collapse of Sabena SA. Service to Athens from Brussels began on Friday and
        Bloomberg  -  224 words
      • 178 32 Reuters [SEOUL] South Korea's two airlines is boosting fares by an average 3.2 per cent on routes to the United States and Canada helped by rising demand, the Ministry of Construction and Transportation said. Korean Air Lines and Asiana Airlines will raise fares
        Reuters  -  178 words
      • LOG Book
        • 102 32 Bloomberg {AMSTERDAM] KLM Royal Dutch Airlines NV, Europe's No 4 airline, said it will replace 34 Boeing Co aircraft with new models from both Boeing and Airbus S AS. In the first phase of the fleet renewal programme, KLM will replace 12 Boeing 747-300
          Bloomberg  -  102 words
        • 78 32 Reuters [SHANGHAI] Bank of China has signed a 12 billion yuan (552.6 billion) credit line with China Eastern Airlines and agreed to offer the country's second biggest airline a separate loan of US$2OO million, state media said. The deals will allow China Eastern to
          Reuters  -  78 words
        • 80 32 Dow Jones {HANOI] Vietnam Airlines will begin direct flights between Tokyo and Vietnam's Ho Chi Minh City and Hanoi, an airline official said. The national carrier will start flying four times a week between southern Ho Chi Minh City and Tokyo's Narita aiiport
          Dow Jones  -  80 words
      • 218 32 AP [TAIPEI] Two airliners flying out of Taiwan on Saturday experienced engine problems and were forced to make emergency landings, airline officials said. Both returned to airports safely and no injuries were reported. A China Airlines Boeing 737-800 had problems shortly
        AP  -  218 words
      • 571 32 This should come mainly from route expansion, expected passenger growth of 4-7* Reuters [BANGKOK] Thai Airways International Pic, Asia's second best performing airline stock this year, sees its route expansions and an increase in passengers boosting its revenues by 4 to 5 per
        Reuters; AFP  -  571 words
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  • Page 21 Advertisements
    • 65 21 MAIN PAPER Japan to announce policy on developing ports PAGE 1 confident BP jk 2toahead of Iciiincl, 0m BACK PAGE II *dvertlsingZsiibscrt|rllons, call Bernard Ong: *****645, Jarrod Leong: 6319 2089 For •Mortal mattera/apodal feature* Beth Jinks: 6319 5214, George Joseph: 6319 5772 DonddUrquho^^ Martattngrtrafllc: D Surendran: 6319 2109, Main Singapore
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    • 70 29 5= ESP LINES WW WBLT LQ SaVKI TO LAGOS VBS& SAUK EVBY TMUKMY iQO—6 ivgr wa at aw wstwnml COIIVBmOIUL/55S5KIMWK^ M B EUSM UMNKFH MV-1M" 15/WIOOJ DUUi DMHMM MMmtWHMIWnBUW. MtMKOUMB STOH IE: *77 JIM I MX: *771)1(7 amBA4Wtt mis nk rnstn hjl m/ni IttBUMtSWBAPOWE/VgnUMMBmWCE vissas ¥or m n» asmum ■BOWM
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    • 593 30 TwiimE IjKt ii 2SS 11 S 5 IMVW 14-7J/04 I 5" IMI/ 14-18/04 7*73/04 I 2S2t£ ,VN *-»/M I TKaSUHO NM 1414/04 7375/04 X 30/04 I MlMW^jiSwiwJ I~ mstl VOT SW wsssm*S3 tTTs7S 74-Wm I C«ITMI *****1 QS-OV/04 14-14/04 75-7«/W I srr p liivlli irsa I IggSgQg 333 8447/04 14-18/84
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  • Page 31 Miscellaneous
    • 127 31 fp JT~ 21 Mr I< v m^-v,--S 2£*T\ H\ J Is Thunderstorm Showers Rain T WMthpr UrB C (j Wind direction speed in knots Cloudy Day Weather v> (><J Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds I I Slight,
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  • Singapore Business Awards
    • 302 33  -  What matas XJtstanding entrepreneurs and businessmen? The three vAmers of this year's Singapore Business |Mpanb are the answer, although each perhaps has his IBton of howaf&flsais achieved. By Quak Hlang Whal By Quak Hiang Whai H|M USJNESS leaders and management 0K experts can expound endlessly on
      302 words
    • 195 34 HE pounced on a $10-billion target last June in one of Singapore's most spectacular takeovers. Like a battlefield general playing hb cards dose to hb chest banker Wee Cho Yaw watched hb rivab slugging it out before striking swiftly to snatch the prized Overseas Union Bank away from
      195 words
    • 1275 34  -  Many reckon that the OUB deal was the most significant among Wee Cho Yaw's list of takeover trophies. But the veteran banker disagrees as he explains to quak hiamc whai that it was all about timing, luck and grabbing the opportunity QUAK HIANG WHAN IT
      1,275 words
    • 470 34 IT doesn't matter to Wee Cho Yaw whether United Overseas Bank is family-ran or managed by professionals as long as the bank remains profitable and competitive. "Banks will eventually be institutionalised. The ideal situation would be to get the owners
      470 words
    • 561 34 WERE minority shareholders unfairly treated in the recent reshuffling of assets among the UOB stable of companies? Not so, says chairman Wee Cho Yaw. In feet, the interest of the bank and its shareholders must come first where UOB Group's divestment programme is
      561 words
    • 1133 36  -  While the KepFels chief is a tough bargainer he also believes in leaving something on the table for others, says comrad raj CONRAD RAJ AFFABLE is the word that best describes Choo Chiau Beng, chairman and managing director of Keppel Fels Energy Infrastructure
      FILE PHOTO  -  1,133 words
    • 1116 36  -  Companies must realise it is not just a financial exercise but a management of value-based concepts, argue kyle lee and vera um KYLE LEE,VERA LIM Kyle Lee is partner and Vera Lim, valuation A strategy, PricewaterhouseCoopers WHILE most companies recognise the benefits of shareholder value
      Source: PricewaterhouseColliers  -  1,116 words
    • 879 37  -  Informatics chairman Wong Tai has big plans to make his company a global leader in quality learning services. Target: 2005. kemmeth jambs reports KENNETH JAMES FIRST the region, now the world. Informatics Holdings Ltd, this year's Enterprise Award winner, spells out its long-term goal in its
      879 words
    • 1690 38  -  While congratulating new Businessman of the Year Wee Cho Yaw, two-time award recipient sim womc hoo shares his thoughts about creativity and entrepreneurship SIM WONG HOO IT is fortuitous that this year's Businessman of the Year (BOY) Award went to an old
      FILE PHOTO  -  1,690 words
    • 1241 38  -  The under-representation of women on corporate boards is a carry-over from history that needs to be urgently addressed. And this is an opportunity for Singapore to set a lead for the region, if not the world, to follow Contributed by i United by Chin Eon
      1,241 words
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    • 62 33 *}n our journey, U\n Aevetop AnA, m-wnn nurture our knowledge And skitti. lIM r &or our quest o( knowtedge is 4 THE GLOBAL LEADER IN PROVIDING never ending lifietong teaming... QUALITY LIFELONG LEARNING SERVICES www.informaticsgroup.com v v I B I v v i Jlssfc' i *im WrM W «C umSsiJ&-
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  • Page 35 Advertisements
    • 140 35 to INFORMATICS HOLDINGS LTD for winning the prestigious (^swawcl2oo4 i USQ gg cuntin ffl •< 'ic-v-io#! i AUSTRALIA Curtin University of Technology University of Southern Queensland University of Canberra Ottawa University UCE ARIZONA KANSAS WISCONSIN HONG KONG MALAYSIA SINGAPORE Birmingham p^aliluiiiul University of Central England microsoft Cento autodesk oracle Microsoft
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    • 252 37 jjj|— ———j—j—^—UU i i .?i nW/ /sf^?^n^■?te-jL ->.-j.'3 9«999H^Hr iiiiiMM Tlm UOB VISA iinhini Card pfiiMu iipißMla irNpmimW iMpport and gh»» yon Mlsr mnM om yaw fcwhw wp«mn. With a uob VISA Business Card, you can enjoy cost savings from our preferred business partners, Shell and Sing Tel. UOB VISA
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  • Page 39 Advertisements
    • 150 39 Builder of Winners Outstanding CEO At Keppel FELS, we design and build world-class m jack-up drilling rigs, semi-submersibles and B specialised vessels like Floating Production Storage IFand Offloading facilities. Many of these have become 6 the pride and joy of their owners, being the best in ■P5% thnir lAflni ia
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