The Business Times, 17 April 2002

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Total Pages: 50
1 50 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 010/03/2002 85$ SINGAPORE •ntornot. nttp://business-times.asial .com.sg WEDNESDAY, APRIL 17, 2002
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  • 796 1  -  Stock could be cornered, SIAS warns investors By 1 R. Sivanithy, Serena Ng [SINGAPORE] The Singapore Exchange has launched a probe into the frenzied trading of justlisted Dayen Environmental amid accusations of a "cornered" market and an official complaint from the Securities Investors' Association
    Source: Bloomberg  -  796 words
  • 494 1  -  hi lexclusive EngeneHengUkes responsibility tor two ex-employees By i Conrad Raj [SINGAPORE] The country operations head of Bank of America Singapore, Eugene Heng, has resigned following the discovery that two former staff had siphoned funds from the dormant accounts of deceased customers. Mr
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  • 580 1  -  Group also calls for simpler ta» procedures and tax exemption for overseas income Prom. Audrey Tan in Hong Kong CUT Singapore's tax rates to match or beat Hong Kong's, and make tax procedures simpler. These are among the recommendations from the
    580 words
  • 120 1 AP [NEW YORK] Better-than-expected earnings from General Motors and Texas Instruments gave stocks a sharp boost yesterday, having renewed investors' faith in an economic turnaround. Also helping was a slew of data, pointing to low inflation and better industrial growth.
    AP  -  120 words
  • 594 1  -  By] Kalpana Rashiwala [SINGAPORE] Despite buyers' uncertainty caused by the impending changes to Central Provident Fund rules on housing, developers showed their confidence in a hotly contested tender for an Ang Mo Kio condominium site in yesterday. The 20,000 sq metre site drew a
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  • Page 1 Advertisements
    • 132 1 DB 'rSl} Kxto Monty Brokers muscle in on unit trust turf, m Buck Pijt v %'M '<■■ I Top Stortes UOB set to close 1 20 branches soon, f P§ 3 Cattex pumps up prices for all grades. Rg 7 r HP-Compaq merger vote under cMI, criminal probe. Hutchison sells
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    • 27 1 US consumer prices up just 0.3% in March, Pg 16 111 II II I I II II II I I Should You Buy, Sell, Wait Or Hold?
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  • NEXT page
    • ON THE grapevine
      • 195 2 BARRON'S March 18 issue featured an article by a freelance writer criticising TV news channel CNBC for always featuring bullish analysts and for not questioning the quality of the research. The writer examined CNBC's Jan 23 programme in the US and claimed that of the 24 guests featured
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    • 513 2  -  Minister urges Malaysian Singapore businesses cooperate Froml Diana Oon Abdullah in Kuala Lumpur MALAYSIAN and Singaporean businessmen should make plans for cross-border investments based on business considerations, without worrying about political disagreements between the two governments, Malaysia's Minister of International Trade and Industry
      513 words
    • 833 2  -  lliere are plans to send protest letter to management Byy Ven Sreenivasan [SINGAPORE] DBS Vickers is facing an exodus of remisiers as a quarter of its total remisier force are planning to leave following its decision to move their online clients
      833 words
    • 381 2  -  Initial $32m raised; mm new units to be created to boost liquidity By Serena Ng [SINGAPORE] The Straits Times Index exchange-traded tracker fund, streetTRACKS, can be bought by retail investors from today, alter raising an initial $32 million which will be listed in new
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  • Page 2 Advertisements
    • 144 2 •i. t :v <"• P U r S Reputation impeccable. Balance sheet strong. V But there's more to it. Boss .'v.. I Jin 1 4 .9 life u ■gg||| 4-- The name of your company may travel far and wide but your office space is your emblem. Yes, your interior
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  • SINGAPORE companies
    • 440 3  -  Branches make np a fifth of its network; they are expected to go by Q3 By l Quak Hiang Whai THE consolidation of the local banking industry continues to hit the grassroots as United Overseas Bank (UOB) will soon close about one fifth
      FILE PHOTO  -  440 words
    • 409 3  -  Singapore's 3 banks form company to achieve this By' Tang Weng Fai SINGAPORE'S three banks will spend more than $65 million by this year-end to bring the Sing dollar into the global currency trading and settlement system run by CLS Bank International (CLS
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    • 199 3  -  Byi Geraldine Lor SESDAQ-LISTED engineering solutions provider Trek 2000 International said yesterday that it expects a doubledigit growth in net profit this year. The economic downturn last year also forced the company to rethink its previously announced revenue target of $500 million by
      199 words
    • 339 3 A BACKDOOR listing for Neo Corp is finally in sight and could take effect later this year, after the firm said yesterday it has entered into an acquisition agreement with lossmaking engineering and construction firm Presscrete Holdings. Its announcement came about
      339 words
    • 451 4  -  OCBC included in peer group of 9 mostly foreign banks as benchmark By I Siow Li Sen HSBC Holdings Pic regards OCBC Bank as a key competitor in Singapore and has included it among a peer group of nine banks to
      451 words
    • 870 4  -  lock siew quak hiang whai HOW much should bankers be paid? Or, perhaps, the more pertinent question is: how should bankers be paid? Should billion-dollar entities like banks adopt a more transparent and scientific method to reward top management or should they rely more on
      870 words
    • 390 5  -  Purchase in line with its 'outperform' call on firm By Loh Hui Yin PUTTING its money where its mouth is, DBS Vickers Securities has shelled out $2.76 million for three million shares in metal components manufacturer Seksun Corporation. DBS Vickers, which initiated coverage
      390 words
    • 267 5  -  By] Leo Kee Chye CREATIVE Technology yesterday unveiled a new version of its portable digital music player in a bid to strengthen its lead in the audio digital market. Called Nomad Jukebox 3, the MP3 player is the industry's first to offer up to 98
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    • 290 5  -  By Serena Ng THE future of Sesdaq-listed KLW Holdings lies in the hands of its lenders, according to a report by the door maker's auditors which was released yesterday by the company. KLW's accountants said the firm's continuation as a going concern
      290 words
    • COMPANY Briefs
      • 72 5 Dow Jones Newswires UK-BASED Virgin group chairman Richard Branson said in Melbourne yesterday that the company's airline unit, Virgin Atlantic, doesn't require fresh funding from 49-per-cent shareholder Singapore Airlines. Mr Branson told reporters that load factors have stabilised since Jan 1 and Virgin Atlantic has
        Dow Jones Newswires  -  72 words
      • 62 5 Dow Jones Newswires VIRGIN Mobile in Australia needs an additional As6o million (5158.4 million) in capital from its joint venture partners over 18 months to turn cash flow positive, the Australian Financial Review reported yesterday. The As6o million investment will be split between Optus, a
        Dow Jones Newswires  -  62 words
      • 53 5 KEPPEL Corp said it has appointed Tony Chew Leong-Chee and Lee Tsao Yuan as non-executive directors. Both Mr Chew and Dr Lee were directors of Keppel Capital Holdings before it was sold in August last year. Dr Lee still sits on the board of Keppel
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  • Page 3 Advertisements
    • 38 3 i HJj 1 V jfc ■La I V'., 1/. k* .111 11 in 1. 11 li 111 1111. 1,1 1.1 1, ,1, Niii\M|>»iii \nn (11 Id <1 i 1 •1 •11 ill. 11l 1111 111,. < 11. I, I
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  • Page 4 Advertisements
    • 1447 4 II I I OVIRMAS UNION ■NTIRPfUSI LIMITED I I I (Incorporated in the Republic of Singapore) I II NOTICE OF EXTRAORDINARY GENERAL MEETING I I HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company w« I be held at Mandarin Singapore, Mandarin Court D. 4th Floor. Main Tower. 333
      1,447 words
    • 16 4 JHH Locate its owner through Classification 821 (F °Tcar at 1800-737-1166 for this fret srruicx. Ano>»rClMiWU9«*to»
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    • 209 4 URGENT MEMO Date: 17 April 2002 Dear RE: SECRETARIES' WEEK (22 -26 Apr) I HUNKS IN TRUNKS AT PHOENIX GARDEN CAFE my week! 1 Would you with me the Phoenix Garden The secretaries in other departments are already making their way there 1 They have your favourite roti prata. As
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  • Page 5 Advertisements
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      294 words
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  • SINGAPORE markets
    • Article, Illustration
      286 6 OTHER SINGAPORE INDICES Apr 16 VALUE CLOSE WMWI -81.00 +230.00 «TC*Pt -*****.00 >187.00 T10-d«rMA -*****.00 *8.00 NmMW 466.18 +4.07 MBpa—Bwt 164.01 +4.78 1570.17 +3.93 Wp*nftip 432.18 >4.58 *WWw» 222.10 +2.00 ta ct Yifcwn DajjanSc 72.347.CXX) 00 55.692.000 35.770.000 £ya Hk£s 10c 29.063.000 Integra 5c....... 28.232.000 Food Empire 5c 21,997 000
      286 words
    • 779 6  -  STOCKS r. sivanithy THE Singapore stock market has undergone a clear polarisation over the past three years blue chips on one end, penny stocks on the other, and little else in between. Today's session illustrated this two-tier market perfectly with both segments
      779 words
    • 961 6 Move was widely expected and so had little impact on the Japanese currency AFP Bloomberg [TOKYO] The yen was higher against the dollar in late Tokyo trading yesterday on exporter-demand as investors dismissed a move by Standard Poor's (S&P) to cut Japan's credit
      AFP; Bloomberg  -  961 words
  • 2502 6 UNIT TRUSTS FUNDS CtiBond Spore A/S 1207/ GtiBond Spore B/$ 1.232/ Oti Money Sing DollarCIassB 10*02/ A8N Amn> Aawt Mgt (S'pore) Oti Parvfurope Equrty Fund 11» Star Europe Eqty!* 0 787/ CitiSetect Asia Tilt Balanced 1* Star Europe Bd 0.968/ CitiSetect Asia Tilt Growth 125/ Star Europe Bal 0.875/ CitiSetect
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  • SINGAPORE news
    • 384 7  -  Projected pay rise across the board is 3.4%, lower than in 'OL Watson Wyatt By. Anna Teo PROFESSIONAL services like consulting and executive search firms are expected to lead pay increases this year with a projected hike of 4.1 per cent,
      Source: Watson Wyae  -  384 words
    • 301 7  -  It cites global price pressures; others mom on their plana By Christopher Tan RISKING a drop in sales. Caltex yesterday became the lone oil company here to raise pump prices just a month after the last increase. All the other players have not
      FILE PHOTO  -  301 words
    • 332 7 WEEKEND property sales have dwindled to single file where they saw double-digit sales only less than a month ago. Consultants and developers reported that property sales and launches have hit the brakes in the last two to three weeks, due to both pre-Budget sentiment as
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    • NEWS Roundup
      • 79 7 C E NTRE POINT Properties yesterday officially opened its first five-star serviced residence in Seoul. The 213-unit Fraser Suites Serviced Residences at Rodamco Place has achieved 25 per cent occupancy to date. Dutch property fund Rodamco Asia owns 75 per cent of the property while
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      • 82 7 SINGAPORE Post and speech-recognition systems specialist Speech Works International Inc yesterday launched the speech-enabled "Postal Code Helpline". The helpline is an automated system that offers the public access to more than 122,000 postal codes island-wide. The general public can ask for the 6-digit postal code
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    • 521 8  -  =M=l on the economy taxes Similar binge in consumption took place in 1994, when GST was introduced By Chuang Peck Ming AS in 1994, when the Goods and Services Tax was first introduced, a hike in the GST to 5 per cent will
      521 words
    • 261 8  -  By} Vince Chong RAFFLES Holdings (RH) flagship Raffles Hotel is slated to appoint its second general manager within a year. This was confirmed by Jennie Chua, president and chief operating officer of RH hotel management arm, Raffles International, yesterday. She also confirmed reports
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    • 480 8  -  Heritage Foundation feels this would help to strengthen their defence relationship By Chuang Peck Ming THE influential Heritage Foundation has lent its voice to calling for an early wrap-up of a United StatesSingapore free trade pact. "To reinforce US leadership
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    • 285 8 BIG property developers and listed companies dominated the show at the Building and Construction Authority Awards 2002 yesterday. Far East Organization (FEO) was the biggest winner, bagging six Construction Excellence Awards (CEA) for its projects this year, including four certificates of merit. Other winners
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 916 8 <afl toll-free ISOQ 8822 /Baafl rtcraits#«ffc fg Jp toaco COSCO INVESTMENT (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at Marina Mandarin Singapore, 6 Raffles Boulevard, Orion 2-4 Level 2,
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    • 316 8 In the Mattel of the Componies Act (Chapter 50) And In the Matter of Seng Chin Food Product* Pte lid (In Creditor*' Voluntary Liquidation) Extract ol the minute* at the Extraordinary General Meeting of member* of SENG CHIN FOOD PRODUCTS PTE LTD convened and held at Singapore Exchange 20 Ceal
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    • 112 8 IH THE MOW COURT Of THE REPWUCOfSHWPfIC Compentei WVvSng-up No aoooee o< 2002 j In tea Matter of the Companiee Act, Chapter 50 AND kittwlMtvofOAYANG CONSTRUCTION I BOMSWQPTELTD (Registration No. *****M87G) NOTICE Of WINDING LIP OBPfR In the matter of OAYANG CONSTRUCTION 4 BJGfCERNG PTC LTD Windmg Up Order made
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    • 166 8 FATT FAn INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN (hot the Final General Meeting of the obovenamed Company will be held at 10 Co#yer Quay, #11-01 Ocean IvUng, Singapore *****5 on 17 May 2002 at 10.00 a.m. for the following purposes 1.
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    • 658 8 IN THE MATTER Of THE COMPANIES ACT, CA* SO AND IN THE MATTER Of TRIMEX LIGHTINGS MANUFACTURING PTE LTD (In Creditor*' Voluntary liquidation) NOTICE Of RESOLUTIONS A» the Extroordmory Gdwol Meeting of the Member* of the Company held at 10 Joo Kaon Cretcent Singapore *****2 ond iKm Meeting of the
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  • MAIL bag
    • 407 9  -  Goh Tiam Lock Managing director Lock Property Consultants Pte Ltd I REFER to your article "Duration-pegged development charges under study" by Kalpana Rashiwala (BT, April 9) and applaud the government for its attempt at "making Singapore a great place to live, work and play",
      407 words
    • 78 9  -  N Grandhi I REFER to your article "Deutsche Bank sees STI hitting 1,940" (BT, April 3). Deutsche Bank Singapore says rising interest rates lead to more profits for banks in Singapore while in Australia, many fund managers are recommending a reduce/sell on bank stocks for
      78 words
    • 642 9  -  Mark Myerson Director i-Beneflxs Pte Ltd I REFER to the article "Call for relook at pension plan framework" (BT, April 13). It is really strange that Singapore has about the highest savings rate in the world and yet all the experts say we have a
      LUDWIG ELIOVST  -  642 words
  • Page 9 Advertisements
    • 97 9 We welcome letters. E-mail us at btietterQsph. com.sg or fax us at 6319-8277, or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore3l3994. We need your lull name, address and telephone number, so we can verify it came from you. Please use temperate language,
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    • 98 9 jp K fl m <9 Advice. Our client advisors listen to you. By taking the time to understand your unique situation and preferences, they're able to help you define precise goals and pursue a cohesive investment strategy, offering regular reviews of your portfolio. One reason you've made us the world's
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  • EDITORAL & opinion
    • 776 10  -  111 Wm t s i 1 bottom line OPINION frank ching The writer is a Hong Kong-based journalist and commentator THE April 9 launch of the United States Congressional Taiwan Caucus, which already includes 85 members of the House of Representatives, is
      776 words
    • 91 10 'If s what I dreamed of as a kid. I have been fortunate enough to live out my dreams.' -H»r Weeds after capturing his seventh major golf title and winning the Masters by three strokes over US Open champion Retief Goosen of South Africa. 'Our focus is
      91 words
    • 593 10 EDITORIAL AMONG what economists term the "factors of production" labour has declined dramatically in influence relative to capital over the past decade as the globalisation of production has diminished workers' power to dictate terms to employers. Nowhere are these changes more apparent than in Japan, where
      593 words
    • 1449 10  -  Where there is mOnsta and an innate lack ef integrity and courage, no rotation tr legislation will be sufficient By] Kala Anandarajah The writer is executive partner, Rajah A Tann, and author of' Corporate Governance —A Practical Approach, 2001' (Published by Butterworths Asia) IS
      AP  -  1,449 words
  • Page 10 Advertisements
    • 288 10 =i OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING IS HEREBY the Thrty-rwith Annual General Meeting of Qiereaai Union Entarprlee Lotted be heidjrt_Mendarin Singapore Mandarin Court D. 4th Floor. Main Towr. 333 Orchard Road. Singapore *****7. on Friday, 10 May. 2002 at 9.30
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  • REGIONAL news
    • 430 11  -  Development at former KL railway station site will have 7,000 flats From] Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Francis Yeoh of YTL Corporation has embarked on another multi-billion ringgit project with his trademark motto providing world class services at Third World prices. He
      FILE PHOTO  -  430 words
    • NOTEBook
      • 66 11 Dow Jones Newswires (KUALA LUMPUR] Bhd (Petronas) yesterday said it is keeping its "options open" on what to do with its remaining OtoroobilNasionalßhd, orProtozLlnastatesuiit, a Pntraa— piwkwijwwu said Petronas chairman a government-owned investment arm Khazanah Nasional Bhd "At no time did (Azizan) say that Petronas
        Dow Jones Newswires  -  66 words
      • 74 11 Bloomberg [JAKARTA] Pertamina, Indonesia's state oil company, said pretax profit from oil and gas production rose to 9.19 billion rupiah (StU million) last year from 6.71 billion rupiah in the nine-month fiscal year that ended December9ooo. In9ool, Pertamina pumped each day 106*270 barrels of
        Bloomberg  -  74 words
      • 64 11 Dow Jones Newswires [KUALA LUMPUR] Malaria's manufacturing sales in February fell as expected due mainly to more holidays in the month because of the Chinese New Year celebrations. The Department of Statistics yesterday said manufacturing sales in the month dropped 16.3 per cent year on
        Dow Jones Newswires  -  64 words
      • 65 11 AFX [KUALA LUMPUR] Malaysian Airline System Bhd has turned down an oflwr from Technology Resources Industries Bhd (TRI) to buy one of its buildings, Malaysia's Bustrms Ttmm repot ted, quoting a source from the airline. The source added that TRI proposed buying the building
        AFX  -  65 words
      • 55 11 AFP Timor] Independence hero Xanana Gusmao has won East Timor's first presidential election, figures released yesterday by election officials show. The officials released figures from 12 of the territory's 13 voting districts showing Mr Gusmao with a total 0f250,615 votes to 57,536 for his sole
        AFP  -  55 words
      • 38 11 Reuters {JAKARTA] Indonesian state oil company ftrtamina, while expressing shock at losing its bid to buy Devon Energy's loctf assets, said yeeterday it was ready fir cioeer ties with the socceeaAil bidder PetroChina.—Radars
        Reuters  -  38 words
      • 101 11 AFX (JAKARTA] Police may arrest defence lawyers for allegedly bribing wltnessss to lie daring the trial of Tommy Suharto on murder and Illegal weapons charges, die Dmtekcom news portal reported Police on Sunday arreeted Rahmat Hidayat, a former eecurity guard at an apartment block allegedly
        AFX  -  101 words
    • 273 11 KUALA LUMPUR It pays duties and levies of 2L5% of sales compared with 12% paid by rival Taqjong Bloomberg BERJAYA Sports Toto Bhd, Malaysia's No 2 lottery company by sales, said its appeal for a cut in betting duties has "strong
      Bloomberg  -  273 words
    • 216 11 KUALA LUMPUR Ita]MpajsßML4b to settle Celcom's loan facilities Reuters MALAYSIAN cellular firm Technology Resources Industries said yesterday it had paid U*****.76 million to redeem a euro-bond it defaulted on in 1999. The firm said it also paid RM1.48 billion (Ss7lo million) to settle its mobile network
      Reuters  -  216 words
    • 271 12 JAKARTA Winner of 51% stake expected to be named in third week of Jnne Reuters THE Indonesian Bank Restructuring Agency (Ibra) said yesterday it has shortlisted four bidders for a 51 per cent stake in mediumsized PT Bank Niaga, including the Australia and
      Reuters  -  271 words
    • 140 12 BANGKOK AFP PLANS to build a major film production complex are afoot in the Thai capital, which could see Bangkok emerge as South-east Asia's Hollywood, government officials said yesterday. The Industrial Estate Commission (lEC) is considering a feasibility study for a
      AFP  -  140 words
    • ASIA Notes
      • 55 12 Bloomberg I India and otiwgowrnmem-owned lenders joineda i: wortf jipnl^ operations, the onions said. Bond market and foreign-exchange transactions worth 306 Million rupees (517.3 billion) were delayed by the one-day walkout to protest government plans to sell shares In rtnmfnfaia afrit makA tt «««l«r<hr
        Bloomberg  -  55 words
      • 73 12 AFP rTAIPEII Taiwan was seeking to sign a trade agreement with the US to beef up its competitiveoßii as a new member of the World Trade Organization, it was reported yesterday. Economic authorities had made the US, Taiwan's leading trade partner, the priority nation for
        AFP  -  73 words
      • 64 12 Reuters [HONG KONG] Bank of Qiina Hong Kong may hnwrh wakMUwA IlSfii Initial adhrtaig in Hong Kong as early as July, relying heavily on retail investors, sources said yesterday. The plan would likely shelve—for the time being—a foil New York listing and would
        Reuters  -  64 words
      • 39 12 AFP (TUKYOj Major electric wire and cable maker Furukawa Electric Co Ltd said yesterday it had set up a copper strip making firm in China to supply Japanese customers who have production operations there.—AFP
        AFP  -  39 words
      • 77 12 Dow Jones Newswires [TAIPEI] Taiwan government-owned Chinese Petroleum Corp plans to build a naphtha cracker in China, together frith MwiiiMe petrochemical 11 wiilinWw tfw OTmmrrrtr/ TfrtirrnrTTtt Thlnssn Petroleum's pace wcm't be slower than Formoss Plastics", whkhU also considering building a naphtha cracker in the
        Dow Jones Newswires  -  77 words
      • 55 12 AFX (TAIPEI] The Ministry of Finance has identified some 400 companies and individuals with high Incomes It plans to investigate for tax evasion this year, the Economic Daily News reported, without naming a source. High on the list are company executives from the electronics
        AFX  -  55 words
    • 418 12  -  Bnt markets shrug off move as analysts see it as technical From\ Shoeb Kagda in Jakarta INDONESIA faces what market analysts are calling a technical downgrading of its sovereign credit ratings, to one of selective default, once details on the private debt affected by
      AFP  -  418 words
    • 195 12 JAKARTA AFP THE Indonesian government may allow foreign investors to control 100 per cent shares in universities and hospitals, a report said yesterday. The policy is aimed at preventing rich Indonesians from spending their money on medical treatment and education overseas, the head
      AFP  -  195 words
  • Page 11 Advertisements
    • 151 11 NOKIA Connecting Peohj We know that working intelligently and looking smart is your ballgame. That is why the new Nokia 6510 combines small size flB with all the software you need to match a busy schedule. GPRS* fast date connection and convenient WAP browsing f^H Enhanced Calendar view your weekly
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  • Page 12 Advertisements
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  • REGION world
    • 187 13 HONGKONG HUTCHISON-PRICELINE Ltd, a venture between Hong Kong bUlionaire Li Ka-shing's Hutchison Whampoa Ltd and Priceline.com Inc, said it has acquired 25 airlines and 8,000 hotels as partners for its travel website. »v The venture offers a mul-ti-language website for trav--jejlers who can name
      187 words
    • 792 13  -  Markets indifferent; vice-minister says rating agencies lost credibility From Anthony Rowley m Tokyo JAPANESE ministers and financial markets reacted with a mixture of indifference and irritation yesterday after Standard Poor's downgraded the nation's sovereign debt a notch further to AA-, the lowest among G-7
      792 words
    • 339 13 BEIJING It hopes to exploit low costs, set benchmarks Bloomberg CHINA may sell bonds to global investors this year to take advantage of low financing costs and to set benchmarks for stateowned bond sellers, Finance Minister Xiang Huaicheng said. Mr Xiang said the
      Bloomberg  -  339 words
    • 125 13 BEIJING AFP ECONOMIC growth in China gathered speed in tbe first quarter to 7.6 per cent from a year earlier but the government's finance* were "grim". Finance Minister Xiang Huaicheng said yesterday. China's statistical office is expected to growth figures today.
      AFP  -  125 words
    • 251 13 ■ATLANTA First new version in 17 years expected togfresalesabeest NYT Bloomberg COKE'S worst-kept secret Is now official. Coca-Cola verified on Monday that it will introduce Vanilla Coke in May. The US market will be first to get it, then Canada. The announcement confirms
      NYT; Bloomberg  -  251 words
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  • FOCUS Indonesian banks
    • 1713 14  -  As Indonesia bears down on errant bankers, some analysts wonder if if s genuine reform or political charade, says tamo YANG RAZALI KASSIM The writer is BT's regional analysis editor EKA Cipta Wijaya had visions of Immense riches when he set up his business la Surabaya
      REUTERS; FILE PHOTO; AFP  -  1,713 words
  • Page 14 Advertisements
    • 15 14 (OFFICE/WAREHOUSING/DISTRIBUTION/ TW: 6344 2002 or visit oar MlMoffic*. 53 Übi Avenue 1 #01-11 INDUSTRIAL PARK
      15 words
    • 55 14 •>, -nc'iicl 'ja>«."s c k .i-V '<h: KcotjrUnS th.irtc-fcd -ccrt.l' fA i-;l b.inNt-rv h.ut rro. !<t! roHicjcr;,i! j.-.j cos! c*irC. ve tomp.iry fo'n'.ition n ,iw tt-f rr>a,or o.\ t.u rr.iv inc.udifg Incorporation Fors from USSSOC The world's leading FlouML^N.ith.ir Offshore Company and Tax Tel: (65) 6535 3382 Fnx: (65) 6535
      55 words
    • 34 14 Dnwi. i FHT"* •BMvMntoi liflft*"" fr Ft Trvjtworthy. SfvSs« Moi NaootMbt* P«M DM SPMWM BX POMQJFT SERVICES Bfc 3006 Übi Rd 1 Ml-968 Skioapora *****0 Bit bafcWinjntoowufl CA.T.S. Buy It. Sell It. Find it.
      34 words
    • 1 14 a
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  • Page 15 Advertisements
    • 295 15 H State Street. For Everything You Invest InInvest in Singapore's leading companies with a single trade. any share on the Singapore Exchanged HHHIIIHHiiIHHBH| II" I Included in CPF Investment S LrGGX.TRACKS" Scheme-Ordinary Account Straits Times Index Fund =or more information, contact your broker. www.streettracks.com.sg 1 The first locally created Exchange
      295 words

  • Article, Illustration
    630 16 Transaction date: Apr 16 nrraiAMIOOMKATBB <1 O li Iw H IB fm Wm rn ■KMfcK It M w OMt N— ok MMwM OJK 4408 OJK 1946 UN 4M0 219T2 41.900 OHM 7.044 2.017 1209 ***** 27 074 0.974 5.940 1007 *574 23.071 (U70 0.531 ttOOK UK S2M |M ifll
    630 words
  • 1243 16 Momnmnm Aprie .1 i ■limn i. .j i M An ,i By** 1 1 Mitel' 55 £8 as KS Mm opt. w» i- wti owh) >*»Wt 5r« «S 350 J»OZ MJS 2100 p02 «7J0 6625 662S 1700 JDS AaiOZ M iUS iU! 900 JR5 tmzocbmM* MM (pa iB» WN»
    1,243 words
  • WORLD news
    • 310 16 LONDON It will seek Chapter 11 buknqrtcy, get USs6oob iqjectira frm bwfliltoi Reuters Bloomberg BRITAIN'S biggest cable group NIL pulled off one of the world's biggest corporate bondholder rescues yesterday, persuading its bondholders to forgive US$lO.6 billion in debt in return for
      Reuters; Bloomberg  -  310 words
    • WORLD Watch
      • 48 16 Reuters [DETROIT] General Motors yesterday reported a 146 per cent riae In tint-quarter earnings, excluding one-time Items and Ha Hugbee Bectronics unit, boosted by atroogreenitain its core North American market. Earnings roae to US$79l million (UStLSO per share). Wall Street conssnansfcrecast was US$l.l4.
        Reuters  -  48 words
      • 45 16 Bloomberg [REDMOND, Washington] Technology spending will reach US$l.4 trillion In 2006, Microeoft says in a report yeatorday to officials from 70 nations. The study, commissioned by Microsoft, estimates that non-UStax rgvann*frww —lwrrfVnup.im alone hit US$34 billion In 9001.—Bloomberg
        Bloomberg  -  45 words
      • 10 16 Bloomberg iMgam^^repotteda nritar.MMMtoimaiMlUaßllraßOMUi Wmoo.TlMld.-W«*hr»
        Bloomberg  -  10 words
      • 33 16 Reuters deliveringeariy an its pronriseafprofh in 90(tt after a record 2.6 bilbon euro lose last year. Under Dutch accocmting rules. Philips said it would have reported anetioasofSlmfflkxkeuroa.—/temn M W"-
        Reuters  -  33 words
    • 396 16 WASHINGTON Bloomberg Reuters US consumer prices rose less than expected in March as a surge in energy costs did little to push up other prices. The 0.3 per cent increase in the consumer price index, the most widely followed gauge of
      Bloomberg; Reuters  -  396 words
    • 455 18 SAN FRANCISCO Inquiries focus on reports that HP pressured Northern Trust, Deutsche LAT-WP FEDERAL investigators have opened civil and criminal inquiries into reports that Hewlett-Packard Co might have pressured Deutsche Bank and Northern Trust Corp improperly to vote in favour of the computer
      LAT-WP  -  455 words

  • 2193 17 Transaction date: Apr 16 KUALA LUMPUR 4 IM 1.02 bj Vol F S8M 135 unch 17 Ml w- r000) FW Industries.. 130 unch 89 Gadang 1J5 006 37 AiMHeatty 140 unch 290 Gamude 6.75 -010 2224 Abrit 2.07 -0.02 136 GanadCorp 1.27 0.12 550 A CP Industrie 4.00 unch
    2,193 words
  • 621 17 Transaction date: Apr 16 s Omml WmAmmm r f CMC 0.41 ltd <0.150 Sltftaal «V S*l i irn CapMLand 1J1 i«M Owl iMKond 173 4 rat tan KLB ***** «C.KIO SToTSfc iS i» 2JS £L»h»c 25 S2 CrMtwTBc OJO »M0 *0J00 SuT u ?i2 obsop IMS uooo STJl r5!
    621 words
  • 595 17 BONDS WARRANTS tWCM) bm IS *352 r ">' > —r- rwwwI, mca UK AST1W*****1 as 2 75 1 16 3 149 26 AcmaUdW*****6 1* 1 SO 425 400 Ar**W*****0 jm 15 1241 1 33 3 1 45 38 Armstrong W*****0 5 1 6 1 10 36 220 25 AnafoodPWa***** 0.5
    595 words
  • 4413 17 Transaction date: Apr 16 for more, go to umm\asiaoTienmarketsjCorn I HONG KONG kiterchinaHldgs 055 0.02 837 Vol Iriterform Ceramics 0.02 unch 611 "P Inft Bank orf Asia 1.90 0.01 40 yy»y-». SS S 991 JZ® Jtangaj Express H -2.08 unch 272 7.90 015 3907 Jiangsu Nandasoft Co H—080
    4,413 words
  • Page 17 Advertisements

  • 5091 18 Transaction date: Apr 16 for, five prices, log on to wu *u \asiaonemarketsjoom S2m Lm« Day UMQaM G«tt» Mr GrYW Nat MCjd WlAvg Uwr Coniin S*e W- fWH W» Um Buyer i+m Cw HI U ftg 9 i ABNAmroNLG 56c 9 10 34 138 5 8.5 c 17
    5,091 words
  • 53 18 ■5"u« EE r2L mS? 1 LMtQ T*»- -Cm mj»| IJLL1 *S *>■ rww W» I— »if Idhr Cw M tS w5 ***** S10 s Diamonds USlOJKtal 6M0 M30 s BOJUSTcdt US4610 20 4610 4610 I S75 440 s IS MSG Spore US57S 12M0 *70 s ISS4P500 US11M0 131S0
    53 words
  • 1353 18 "■II a a. j'u.a.-a.-; s"; g-a-a Si 8:3S!R!L=K.:2 X S "i K 5 ls u *i l\ Si «m si a s£ S »1 2 737 58 55 5 57 57.5 25 1.2 iJ 10J Tli 57 S« 44 «-5 43 43 5 44 43 175 4.5 c
    1,353 words
  • 334 18 STu-c-»-, a jr eg g ■a 1»0 SO AVtanrangtA2ScA99 90 100 40 3.4 10.1 SJ 2111 CMhjy Pac 20c HK. 720 265 2.1 7.4 6 *****2 Cheung KongSOc HK— 1780 240 6 3 6 7 3 40(965 63 45 Cftye Solutions U MK._ SI 54 65 2 7*
    334 words
  • Page 18 Miscellaneous
    • 183 18 CRYPTIC CROSSWORD Immigrant gets living y 0 y gh> being a weed (6. 5) YESTERDAY'S solution 6 r G ?r sße,w 1 exCB( < z 3 6 10 Awe, 11 Chairman, 12 AtDOWN 13 An allergy affected function test, 13 Onceinabluemoon, 15 1 Hit by a small glove (7) of
      183 words

  • BT motoring
    • 261 19 VOLKSWAGEN unveiled on Monday a concept car that covers 100 km on less than one litre of fuel—making it more than three times more frugal than today's most fuel-efficient cars. The cigar-shaped twoseater, weighing only 290 kg or one-third of what a small production car weighs
      261 words
    • 660 19  -  comment MOTORING S'porean car lovers know it costs more to take taxis christopher tan LIKE people in all corners of the world. Singaporeans love their cars. Perhaps more so, going by the amount they pay for their set of wheels. The average Singaporean motorist
      660 words
    • 426 19  -  aUMBBSB* Car buyers disappear into the woodwork as COE prices soar, but a correction is expected Mrapartsby Christopher Tan NOT unexpectedly, the motor belts of Leng Kee and Übi have been a tad quiet over the last two weekends. Shoppers applied
      426 words
    • 210 19 PRIVATELY owned truck distributor Triangle Auto has secured the dealership for Opel commercial vehicles, ending the exclusivity of government-linked Opel agent ST Kinetics. Triangle Auto, which represents Isuzu, will now also sell the Opel Combo a two-box light van that resembles the successful
      210 words
    • BUMPER to BUMPER
      • 100 19 VOLKSWAGEN has signed a 90-year extension to its Joint venture with Shanghai Volkswagen Automotive Co. The first contract fcr theVW joint venture in Shanghai was concluded in 1984 with a term of 2S years until aooe. Volkswagen has a 50 per cent share in
        100 words
      • 108 19 THE General Insurance Association (GIA) has decided to rename the wxlaim discount (NCD) the "no-bhune discount". This is because the GIA said a driver who is not at fisult in an accident should not lose this discount, which can be as high as 80 per
        108 words
  • Page 19 Advertisements
    • 128 19 Nr tfco latest o»oo mW vtfteo rain of ptttMgM' core, go te Mta//appJotenMLfvv.ag/»c«Vtrfto/3_2_oilV.osp .1 f 13th International Trade Fair for Water Sewage Refuse Recycling Experience the future at the world's largest trade fair for environment and waste disposal, welcome to the future! IFAT 2002, the No. 1 in the world
      128 words

  • FOCUS enterprise
    • 1304 20  -  A hands-on attitude and hard work have helped VS Kumar create Singapore's largest domestic courier firm writes SDUMB ERASMUS SIMONE ERASMUS Thirty-eight- yearold V S Kumar is one big believer in the extended family. The founder of Network Express Courier Pte Ltd works
      ARTHUR LEE  -  1,304 words
    • 155 20  -  Simone Erasmus For Mr Knmar, staff welfare doesnt just mean medical coverage or added benefits. It also means taking an active interest tai the lives of your staff; and the kind of respect that few bosses give. The stags hehastaksn to snsure a loyal, happy workforce mm
      155 words
    • 237 20 1963: Born on May 30. Mother was a housewife; father worked at the Port of Singapore Authorities, bringing home $500 a month to feed five schoolgoing children. 1962: Entered the courier industry as a dispatch personnel at the now-defunct LVP. Promoted to sales and
      237 words
  • Page 20 Advertisements

  • PERSONAL investment
    • 898 21  -  GENEVIEVE CUA checks out AXA Rosenberg's new equity fund that targets absolute returns GENEVIEVE CUA WHAT the Singapore unit trust market sorely lacks, says AXA Rosenberg business development director Nicholas Smith, is absolute return funds, where the fund manager sets out to achieve a consistent, positive return.
      898 words
    • 816 21  -  inside rrron By. Robert Halili The writer is managing director of Asia Insider. He is assisted by Ngia Soon Choi THE Singapore insider sentiment shot back into positive territory, closing up 22.3 points for the five days to April 15. The previous week, it closed
      816 words
  • Page 21 Advertisements
    • 205 21 Where to wine, dine and entertain Tantalising Thai-Laos Fare Sawasdoo. Come, enjoy... Coleman's THai-looe Fare 8 Aprf to 27 Apri 2002 Lunch: 12 noon to 2.30pm. Monday to Friday. Adult Sl9 80+*+ Dinner: 6,00pm to 10.00pm. Monday K) Saturday. Adult $22J0+«-+ Enjoy a gtam of Tiger Boor for only $4.00!
      205 words
    • 79 21 Piping hot, crispy award-winning pratas Phoenta Garden Cole Hotel Phoenix Basement t HOTEL PHOENIX 277 Orchard Rood Singapore *****8 For more Information or reservation, please col 6233 6129 baud Let our 5-piece resident band. Foreign Affairs, entertain you with today's hits and yesterday's favourites every night (except Sunday) from 7.30
      79 words
    • 175 21 M you can't go to Penang for Its famed hawker food, we have it rtght here at St Gregory's Brasserie Courtyard The hjffct Items prepared by hawkers direct from Penra Include hot frvourltes such as Penang Laics*. Lor Bali Char Kway Teow. Prawn Mee, Oyster Omelette and more Do leave
      175 words
    • 28 21 T—»MMMF !a=!== Advertise in Wine, Dine Entertain of The Business Times. CoMact PMhckAag 740 1284 or Amy Cfcoo 740 1539 now nsgp 1 v t .la» f m
      28 words
    • 837 21 DRAGON LAND LIMITED (Incorporated in the Reputtc of Singapore) notice of annum, general meetmg Lmri C S*Hr na fkKm 31 *KM. &ta« Snppora *****8 on Frid* 3 1% 2002 a 12.00 noon lor to Mom, rmiirr n—ll aa tndad 31 Oacatoar 2001 togahar ata to Auddort hrnv 2 r r,no
      837 words

  • EXECUTIVE money
    • 1162 22  -  OCBC and Phillip now offer Managed Accounts. GENEVIEVE CUA reports GENEVIEVE CUA STOCKBROKERS are muscling in on unit trust territory, tapping into what they see as a growing hunger for absolute return ftinds. OCBC Securities last year pioneered its Managed Account (MA), a
      Compiled by st  -  1,162 words
    • 345 22  -  By i Genovieve Cua SNAPSHOTS ofOCBC Securities' Managed Account from the time it was launched provide an interesting insight into the house's view of the market. As of this week, for instance, the fund has a cash weighting of as much as 41 per cent—very high by unit
      345 words
  • Page 22 Advertisements
    • 189 22 Henderson reveals why a balanced investment portfolio is as important as a balanced diet. Introducing the Henderson Global Balanced Fund An essential ingredient for a healthy portfolio. r ij X Th* Henderson Global Balanced Fund is more than included profit from our global strength under I balancinQ act. It provides
      189 words

  • PROPERTY 2002
    • 1321 23  -  Deciding when to make property purchases is a complex affair but with a buyers' market and low housing loan rates, now is the time to negotiate the best deal, says MICHAEL NG MICHAEL NG The writer is managing director of Hamptons International WE all know what
      1,321 words
    • Article, Illustration
      1277 24  -  Of all the property sectors, residential property remains the perennial favourite with investors given attractive returns over time and people's upgrading desires, terence tang and femc zhi wei look at the draws TERENCE TANG, FENG ZHI WEI Terence Tang is head of investment sales and Feng Zhi
      REUTERS  -  1,277 words
    • 881 25  -  While there might be a handful of en bloc sales this year, the heady days are unlikely to be repeated due to lack of choice plots and owners' pricing expectations, jeremy lake reckons JEREMY LAKE The writer is executive director of investment sales, CB Richard Ellis
      FILE PHOTO  -  881 words
    • 1232 26  -  Budget is key consideration in shopping for new property and one should keep in mind that promotional schemes would have been factored into tne selling price, says peter ow PETER OW The writer is executive director (residential) cU Knight Frank NEW launches have seen keen interest in
      1,232 words
    • 825 28  -  While foreign banks have been actively promoting new housing loan packages in the past 6 months, local banks have not been idle, quak hiamc whai finds out. QUAK HIANG WHAI LOCAL banks have dominated the housing loan market ever since they entered the fray in a big
      LUDWIG ILIOFST  -  825 words
    • 697 28  -  By ANNIE GOH The writer is director of auction at Chesterton International Property Consultancy WHENEVER the property market slows down, we see a buzz of activity at the auction houses, with bargain hunters on the prowl. For those new to the auction scene, here are the answers
      697 words
    • Article, Illustration
      836 32  -  Australia s experience shows that listed property trusts are attractive investments, promising high yields and with low risk, gregorygoodman GREGORY GOODMAN The writer is chief executive officer of Macquarie Goodman Group GOING by the Australian experience, real estate investment trusts (Reits), also known as listed property trusts, have
      836 words
    • 606 32  - Hotel room rates handle with care By I ERIK VAN KEULEN The writer is managing director of HVS International The firm is in a strategic alliance with DTZ Debenham Tk Leung SINGAPOREAN hotel owners and operators should once again be prepared for the worst, with the economies of most demand
      606 words
    • Article, Illustration
      918 33  -  As more institutional investors become owners of office buildings, they develop close ties with their tenants which spells mutual benefits. Christopher fossick explains CHRISTOPHER FOSSICK T^writei^ej&cutivedirector^CMUcfa A PIVOTAL shift in the ownership of office properties in Singapore has started. Office buildings have largely been owned by property
      918 words
    • 970 34  -  S'pore's move towards high-tech industries calls for changes to real estate planning and development, demmis yeo outlines key factors DENNIS YEO The writer is managing director of Colliers International' (Singapore) Pte Ltd'. *3 THE industrialisation of Singapore has been a great success; almost a fairy
      970 words
    • 886 37  -  Mow that the days of big anchor tenants are over, retailers have to attract myriad mini-anchors and niche stores to draw the shoppers, dammyyeo outlines other challenges DANNY YEO The writer is director (retail) at Knight Frank MUCH has been said about the bleak outlook for the
      FILE PHOTO  -  886 words
  • Page 23 Advertisements
    • 108 23 One Company, One Contact, m r*» a3 rSS ;i K:s«• r; rH|> K;1 i" r|('' I! 11l 2 s!\l j»j HHHB b«'s*'{■!*" 111 (Ir > < a SE'ili* :<§ *j; £flr K«|!2S!'r r t-'s 5 w 'Mi <<r M* r ifi r jflHB leader CB Richard Ellis is the one
      108 words
    • 26 23 Will en-bloc fever return? Pg 3 Our guide to new homes Pgs4,t,9 Investing in Reits pg 10 Offices: Pivotal shift Pj 11 New industrial landscape Pgtt
      26 words


  • Page 25 Advertisements
    • 391 25 After 130 years as one of the UK's leading property consultants*^ YOU'D BE SURPRISED HOW WELL WE HRP OUR WAY AROUND SINGAPORE. g Jfr And indeed We are a leader when comes to hi g h en d What sets us apart, besides the fact that we make a fa
      391 words

  • Page 26 Advertisements
    • 66 26 Introducing the new Citibank Home Protection Plan c The first and only home loan with retrenchment rider I m Pays your monthly installments upon retrenchment So you can concentrate on the important things like furnishing your 100 new home. Call 6338-8922 for more details. YEARS IN SINGAPORE Call 6338-8922 K
      66 words
    • 8 26 More new launches on Pgs 8 and 9
      8 words

  • Page 27 Advertisements
    • 1285 27 ADVERTISEMENT PED Shares Vote of Confidence for Singapore To address the concerns of the market, PED is offering a 10% Guaranteed Appreciation Plan She cautioned property buyers to carefully choose projects to put their money on, as there have been recent media reports on cash strapped developers facing financial problems.
      1,285 words

  • Page 28 Advertisements
    • 303 28 Mr j if. bßr^s^3^9Bl \y You can maximise your returns when you lease or sell At Knight Frank, we value the joy from time well spent. Which is why we employ people with the expertise to help you with your property investment With over 60 years of experience, we have
      303 words

  • Page 29 Advertisements
    • 334 29 MMMIISING_FEATURE development presents fIHK^HHHHHI^^fIHHHH£ Intelligent homes for sophisticated urban living. Overseeing panoramic views of the cityscaper Nicole Green is nestled in a tranquil and lush setting. It is amazing thus that the Central Business District, ECP, and Nicoll Highway are accessible within minutes drive. When the Circle Line is H|
      334 words

  • Page 30 Advertisements
    • 424 30 The big picture Non-landed projects j LEGEND PROJECT/TENURE DISTRICT LOCATION DEVELOPER NO OF UNITS J N. 1 Montervy Parfc/FH 5 West Coast Rise CDL 280 2 Itervisdale 99-yr 8 Beatty Sturdee Rd Allgreen Prop 481 J 3 Gardens@Oxley/FH 9 Oxleyßd/Oxleyßise HorKewPteLtd 89 4 Robertson K)0 /FH 9 Robertson Quay MCL
      424 words

  • Page 31 Advertisements
    • 119 31 ES Baft Bjjp ip flv r J ifIHS H Kfl [§7J ■Hr' v HF JY HT b| m BA wfl J B IrT^M i k\IV icfaii nfl Pfl b vi w B pp V| 4 Ril I V V k i BflH Ail Li ERI k B fl *_B J
      119 words

  • Page 32 Advertisements
    • 132 32 Imr «f P o 0 years. A PP roved Loan Amount $640,000 Loan Repayment Deferred 30% of loan for 10 years RAreS EST DERERMENT MFERPLUS MONTH $784 YEAR 3 3.50% p.a. $2,864 $2,005 $859 YEAR 4 4.25% p.a. $3,115 $2,181 $934 YEAR 5 $960 YEAR 6-10 5.00% p.a. $3,364 $2,355
      132 words

  • Page 33 Advertisements
    • 106 33 Prime Location at BiiHHiaißM Great Value GREAT VALUE 1/ Prime office/showroorrVwarehouse at hiahlv affordable rent PRESTIGIOUS ADORESS A world-class facility for the fashion lifestyle industry in a conducive environment CONVENIENCE Comprehensive amenities and business facilities with ample car parking for your staff and visitors ADVANTAGE A <otal concept offering unique
      106 words

  • Page 34 Advertisements
    • 345 34 The Auction scene has heated up with Our professional team of Chesterton a wide array of properties for your picking. valuers have come a long way. Gaining mTxszszzxzz; r° t" »w— month. Oil tho ladies who woik hard w T'"' Cooop""0t rti "9 '0 bring you the best deals in
      345 words
    • 447 34 v Advertisement w A GREAT TIME TO INVEST «jk in Australia 1 l iFfff frnpsßßsEfc s ~j»|* j r~-~ iyjl 9 *•^K-^WLagC r W/ry Melbourne is so popular today Melbourne is Australia's second this small desirable very well located for apartment living given ease largest my and the capital of
      447 words

  • Page 35 Advertisements
    • 128 35 DAIKIN For many of Singapore's most prestigious property projects, only a Daikin air-con system is good enough. Because top quality developers know that Daikin's space-age, space-saving technology ..----.-.v.. delivers high energy plus power savings of more than 80%! What's more, they know they can depend o n Daikin for a
      128 words

  • Page 36 Advertisements

  • Page 37 Advertisements
    • 154 37 HIE PHOTO S^HlB qui u us >; Ik« g w^o^^<. V A fjfcigfOasft L V p K^HM K Ivr sB I 3Ev \i !HflH ■P' 4T#<w .jgISOTfIUH wT pßm| ■siili "B 1 Uppf $1. R«ffies Pi*ce I 'I upp<rHO nS 5. Singapore's newest integrated office, retail and live/work development. H
      154 words

  • Page 38 Advertisements
    • 349 38 The Business Times, Wednesday, April 17, 2002 ol the East, especially for you...'^ 7b /*W out more, on to our website at www. centrepointhomes. com or call us at 6273 2122. CENTREPOINT CENTREPOINT PROPERTIES LTD 7//f VA /J -4 MEMBER OF THE FRASER NEAVE GROUP C' M^/fv/ 438 Alexandra Road
      349 words

  • SHIPPING TIMES
    • 228 39 Reuters THE Baltic Dry Index (BDD rose one point to 1,104, the Baltic Panamas Index (BPI) gained six points to 1,076, the Baltic Handymax Index (BHD firmed 17 points to 7,761 and die Baltic Capesize Index (BCD was down four points to 1,373. HUB CHWBh4Sea Azalea-(built 1999) 171,199
      Reuters  -  228 words
    • 146 39 «ES c*T 0WWiw_0.ec 0.03 91 Own— 0.43 0.0» 7*1 Cwolmml—iH-024 uncft 21*1 rtiaftt UMu 0 06 -AM 90 GBKoWngs 0.73 -OOI 12 ICIW«»|I-WK—5.40 uncft 0 i«yll>Mwti 0-26 OOI 290*3 K«(*MCorp 4.04 -004 T359 0.19 OOI MO NtMMTMB L02 uncft 141 Uor»y Marin* 032 uncft mi kNUteC* 0.28 OOI
      146 words
    • 459 39  -  Step may have been taken to appease Bering's concern over its mainland port dominance By] Donald Urquhart [SINGAPORE] Hutchison Whampoa has been quietly selling off stakes in four of its Hong Kong and mainland Chinese container terminals, fuelling speculation that it may
      FILE PHOTO  -  459 words
    • PORT Shots
      • 64 39 [SINGAPORE] Royal Olympic Cruise Lines (ROC) will take delivery of its new test cruise strip Q(ympto Explorer in Hamburg in time for the European summer season after reaching an agreement with shipyard Blohm+Voss GMBH Like her sister ship Ofympia Vqpqger, which was delivered
        64 words
      • 86 39 AFP [NK w DELHI] The Indian Coast Guard aaid it brought to shore on Sunday an Indonesian-flagged merchant ship carrying 24 sailors that had been stranded in the Bay ofDaagal. Two coastguard ships towed to shore the 6,157-ton ship that went adrift after experiencing
        AFP  -  86 words
      • 90 39 [SINGAPORE] Norwegian-based ahip supplier Unitor ASA, part ofUnltor Group, has strongly denied claims that tt is defrauding the Philippine government of millions of pesos in unpaid taxes duties through the sate of maritime safety equipment without permit. Unitor links the to an ongoing legal dispute it
        90 words
    • 103 39 [SINGAPORE] OT Africa Line and sister company Delmas will move to a dedicated berth at Hesse Noord Natie's (HNN) Antwerp facilities. The dedicated berth at HNN's Churchill Dock South can handle containers, ro-ro, breakbulk, project cargo and cars with ample warehousing and
      103 words
    • 409 39  -  But country confident of good growth if insurance premiums stabilise By\ Beth Jinks in Colombo [SINGAPORE] War risk surcharges imposed on ships calling at Sri Lanka's ports have had a "disastrous" effect on the country's trade, but both the government and
      409 words
    • 741 40  -  BTSAITTAIK -By} David Hughes T| HE best ideas are often the simplest, though simple ideas sometimes turn out to be complicated to put into effect. Here is a simple idea. Let us make it easy to see who owns a ship. That is of course what
      FILE PHOTO  -  741 words
    • 195 40 PACE CMurtrMs 4 AppmMp 5 6U A*wt 10 CioryNw 10 rtntMai 5 4 BA 6 "—>T|-S«d s BSC 10 Hp«# 9 ITl 10 HewfA 3 CMACCtt 3 HI*Um 10 COSCO 3 WML K) CMtralEi 4 HywM 4 Outeyt 10 Eh 10 CMMSkn 5 "Corf 4 Confer tO
      195 words
    • 13844 44 THEBUSINESSTIMES EXPORT ETA ETA Advarttaar Vassal Voyaqa Taiapnona ETA ETA Advarttsar Vn» Voyaqa TaNphona SIN DastY Njrrw Nam* Numb* NumDar SIN Darin N«m Nam* rtumtir Number 25/05 WOt UASC NAJRAN C19W 45******10 To ABIDJAN (ABJ) 2003 Cot# D'lvolr. T# ALGIERS (ARS) 2014 Gorm*,, 24/04 15/05 MOL PtO NEDLLOYD
      13,844 words
    • SHIPS IN PORT
      • 577 49 *•"♦1 VoyMo Bwt> Arrival Depart JMiftrt SAIWOEWA I J05 16/04/7:40 T7AM/B0 EWS PUTBA DM J06 16/04/8:45 16/04/T7J fO J02 16/04/KM5 KAM/T7: »n* «a«u a*M jot 17am/3 jo itam/kw WW* J* J* 17/04/700 17/04/17* NAHSU* *****2 JI2 17/04/7* I7AM/17J •T »TKA ***** JOt 17AM/BOO I7AH/KJ ■1JAYAJUYA3 ***** JOt 17/04/800
        577 words
      • 1667 49 ■jagg OF EXPOtT FCL COWT/UHEBS AHP LCL CARGO Booktaj/BalMca Htfe *oy *0 Etb/Btr Nflod From T» Fr— to mitui ota it/mo it it/tseo «/mw Mm Mm n/im Mm tumty *2 tm 5 vw H3m Mm *"vx: wn» mamo U M70C .now IT-WOO a Mao t7/o*m -?*x 1 17WW
        1,667 words
      • 168 49 April 28 Australia: Anzac Day Italy: Liberation Day Day Afrtl2» Japan: Greenery Day "M» Singapore: Labour Day China: Labour Day Germany: Labour Day Hong Kong: Labour Day Italy: Labour Day Norway: Labour Day Philippines: Labour Day Sweden: Labour Day France: Labour Day South Korea: Labour Day Taiwan: Labour
        168 words
      • 795 49 THIS report compiled by Cockett Mi rine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description at the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price index change and the
        795 words
      • 341 49 C**" WO Mm 991.9 0.4 BJ 0.06 51 003 tt r M Onaitir ll»lwl*« SWI—t No «bov* E25 4 0 I 0 0 0 "—300 Aw 986.8 02 M.1 0.06 27 OlK turn 380 Ma 992.0 0.6 17J 0.00 M 004 MOW %»H a/* mt —«w«
        341 words
    • AIR & LAND transport
      • 613 50 cbdia crasb Seoul orders thorough checks of air, land and sea transport safety Reuters [KIMHAE, South Korea] The South Korean Cabinet has ordered thorough checks of air, land and sea transport safety as well as medical centres so the "World Cup and
        Reuters; AFP  -  613 words
      • 400 50  -  Carrier has been expanding services in Asia By Grace Tan [SINGAPORE] Air France is optimistic about the prospects of the airline industry and has been stepping up its operations in Asia. "The worst is behind us for sure, we are expecting a
        400 words
      • 301 50 Bloomberg [NEW YORK] The Port Authority of New York and New Jersey, which owned the World Trade Center, has made better progress than expected in recovering from the Sept 11 attack that levelled the complex, Moody's Investors Service said. The
        Bloomberg  -  301 words
      • 281 50 AFP [MANILA] Emirates, the United Arab Emirates (UAE) flag carrier, will seek twice-daily flights from the Philippines to Dubai in upcoming bilateral aviation talks, the airline said. Emirates now flies six times a week between Manila and Dubai, the maximum allowed under the current
        AFP  -  281 words
      • 336 50 Northwest does not believe time is right to raise feres Reuters [CHICAGO] A bid by major US airlines to raise leisure fares and improve finances shaken by the Sept 11 attacks appears to have failed after Northwest Airlines Corp refused to
        Reuters  -  336 words
      • LOG Book
        • 61 50 Reuters [MELBOITRNE] British airline Virgin Atlantic was again EBITDA (earnings before interest tax, depreciation and amortisation) positive, Virgin head Richard Branson said yesterday. "The market has stabilised and since January l load factors have really been very positive and we're back EBITDA positive,"Mr Branson said ar
          Reuters  -  61 words
        • 64 50 Reuters iMANUAj Fnuippme Airlines (PAL) win post anet loss of 1.6-1.7 billion pesos in the fiscal year ending on March 31—better than expected due to a rebound in the travel industry, its chief said yesterday. PAL president Avelino Zapentasaid the privately owned, unlisted airline
          Reuters  -  64 words
        • 78 50 Bloomberg [TAIPEI] China Airlines (CAL), Taiwan's largest airline, will post a pretax profit of about NT$BOO million (5541.8 million) in the first quarter, as improved economies spurred travel and airfreight demand. China Airlines spokesman Paul Wang confirmed an earlier report by the Central News Agency,
          Bloomberg  -  78 words
      • 1303 50 Fuwi tw wan no or* nx u<m txn MM UM7I MS U4579 2305 mi soma 2jm AMMOM SOU 0*05 UUt 2225 ""J" S0323 0*55 S0324 2345 ""j JJ* M»75 n25 1 M am wo wwn Ml na smrn m I ma m kM0M ***** >S0 rr*y
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  • Page 39 Advertisements
    • 273 39 US airlines' bid to raise leisure fares fails Back Page STRAIT TALK Name and number, please MPage2 FAR EASTERN FREIGHT CONFERENCE (FEFC) ASIA WESTBOUND RATE AGREEMENT (AWRA) EASTBOUND MANAGEMENT AGREEMENT (EMA) MEDITERRANEAN RATE AGREEMENT (MRA) Increase In Banker Adjustment Factor (BAD Arising from the regular review. Member Lines of the
      273 words
    • 107 39 ACT NOW! Exhibit at MARTECH 2002 International Conference Exhibition 18-20 September 2002 .rjNM^CDBfls?:Is Simulation The Answer? i v v'ti > .v. v Singapore Maritime Academy Singapore Polytechnic "V- 500 Dover Road Singapore *****1 To book an Exhibition Booth, please call, fax or write to: Ashok Mulloth Tel: (65) 6870 6178
      107 words

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      524 words
    • 405 40 (*OB3kA M«nt»nof#»Ragi*yof 9Mmt**na»9m ?.ljjsi| Aoo«tod Shipping Agm+, Singapore lagrta rnnmnn a Association x?n y ungapors ofwppmg Anooanon p ram mm rami RIUMS SPOKE BALI PrincmUty 0402 22/04 25/04 30/04 j j Empr«uliy 0302 06/05 07/05 15/05 3 Pnnc*uU»y~ 0502 24/05 25/05 01/06 Sj Q Kl j J ~-ojuLonMunoiim. 1* n-un+m
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    • 768 41 r r DM-fMir TO EUROPE FROM EUROPE SS !SL mi raw ma MV sou UH Uvea nor in hmr jjj" J**** ,07W m/K H/05 AfIGMKT Mfl/Bfl/M a/MB/V U/M minfmma urn h/m as/#$ a/a to/os ii/os www——a ana/a m/m b/mb/«b/m MnMMfWM MW 22/ M 10/05 12/BS 15/05 M/ 05 MMBM Mil
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    • 1112 41 WKT CMi 10 -y|^aa T/T»4 MT» I CWMVHlpnnspte LTD SSBbai ""■SKS™ ■*35K^5^^*55!^ff^5!W QIOtHWIIHIM m kTH 19* (MAN) MWAM (D/ 0) MMS7M *23*53 If/* T/SNMOT MMSS2S *mS3H/4* amwmmi irasMi /m mtsro/n 22* SL JUL SL mwiwa/ia ii/w ttai oias smi 77* wk/ms mumb* w I «i/na iW4 ti/w oias R/Kovw- n«/t»
      1,112 words
    • 258 41 mat WfaiwMißHn «sa wr M|aß bTm til mkmmk as iV4 vi W4 V 5 —lIMM MP IW a/4 1/5 W4 V 5 ttlM BM _JV«_ MMIUMM MK W/4 I4A «A ILA |A L II pw l»e |a/i| i/5 vs sfi 11/5 [ga [jg §Isls 1 I Mil W-jMMINIMBIMIMMMnMM^IMBIIMuiIBMIBMHM^IBI-SMMMMMH'MHMa-MMM^MV-MM HiIIIIIIIIMIM IMMIMMWIM
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      899 words
    • 912 42 w*mnni«nsrmiß WIWAN HAI LINES I'fiSff I** I*** l l~^fe—^^ iiS I .ft I -wsrSir-firSSrSsr IE mm mm mm »*w hm mi m ■MMNIU H) IS-IVM I//* IVW Ml TJ* ttM mm mm ■«< "J®" l|« IW Ml MM Ml W Ml R* m nam Ml am mm mm Imm I
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    • 468 42 WEEKLY EXPRESS XMUN6 SCHEDULE I BSEEiSEBD^BBHI ALSO ACCtf im TO ALL MOWTHBW AM) WBTBW CP POaTl| WT FTi iid FTA/tiv CTA/ii* ftA/Hl Bt^ni ummnmtm nm iT»T ~ga~ TUT buwmm wilt nm imr ~vm~ ~IW ~isr~ JSEf!t9L_ »ms nm im sn? tma n«r jja. _iaa_ _übl jul jiE jiml ■wm soil
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  • Page 43 Advertisements
    • 1048 43 [VISSa. VOY KHH HKQ SIN MCL PXO RAR DMM Mr MAN ISFAHAN PCL-255 15/04 17/04 20/04 21/04 ~2170T~ 29/04 ~OT7OT~ OVOT MAN HOSMOZOAN PCI-256 22/04 24/04 27/04 21/04 05/04 06/04 00/04 10/04 MAN TOMAN Ftt-237 29/04 01/05 04/05 05/05 12/05 13/05 15/05 7/05 2ZJEES2L KL259 06/05 09/05 11/05 IWOS 20/05
      1,048 words
    • 455 43 m Wfrrjpll UK CONTINENT SERVKE Loading tor WMrTOA ROM/ATW/BMNAJK/NAN Loads Slnqaporß, E7W Matoyaa. tndone— J MIDDLE-EAST SERVICE Loading for HANDY ESPERANCE DBl/ABU/DOH/BRN/DMM/KWT RAINIER JDH/AQA/DMT ANAIS LAND JOH/AQA/DMT PAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT LOK KIRTI AQA/JDH LOK PRATIMA ADN/HDO/JDH/AQA 1-cacts Sngapore. E7W Inctorxna USA SERVICE Loadngtor LOK PRAKASH VCW/LAX/MZL HABIBE ANA CAM/NFK/SAV/NOL OMIROS
      455 words
    • 710 43 ILJzsnOi l^laMi fr= dfe' TF -fe- ™=^^^?=Sb= U^—La_J_sg I a;s —MB Ml _ll SIB vissfi vot w £BBi===|jh=:2£:=Bsr-S$- -am—mm ~y/u —H7H <*«™ hw w gg —gg -HH" 14/ M W/U fife I >vn 1 B/K 1 ~B jßßff I affi— iiLL i'/os t77H 078 55~ *K/M7 I— g/5 74/05 01/04
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  • Page 44 Advertisements
    • 350 44 jTO: UK/MORTH EUaOPt POSTS WKKIY SttVKI MfflL-— Ivor sm m mu Inm I m m im HKELIMR mm 11/04 JiZM Q4ZQS o»/os «/os 13/ os 11/ os SAUPi JHWAH I7OW 25/04 24/04 14/ OS 14/05 17/05 ?1/0S If/OS [17AW307M TO 1970S VM ***** ***** ***** Atcgpting cofgo to al UK
      350 words
    • 272 44 CWT GLOBELINK PTE LTD g owMorrtctSM: TEL: f*****33 (36 LIMES) FAX.*****742 DIRECT SAILING TO EAST/SOUTH AFRICA MOMBASA >T^-r-i DURBAN <~L JOHANNESBURG Jf —i CAPETOWN fT\ PORT ELIZABETH H Also accepting cargoes to: v^~T A TAMATAVE (MADAGASCAR) Won™ REUNION ISLAND (via Port Louis) CENTRAL AFRICA LUSAKA (ZAMBIA) V; HARARE. BULAWAYO (ZIMBABWE)
      272 words
    • 238 44 _BSA^ MYANMA FIVE STAR UNE m nz «ssa vot sm m n» m am SHWI HAW 54W SID PAGAN V3O*W SU M RAUTSIA: OOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PIL 03-317M101 PEN: 04-2****** tg| BANK LINE (A Mrvka •< kmtnw fhk SUpffa|) I NORTHBOUND TO iUtOpT" V CONttMR, ROtO, HULK HbIVYUFTS
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  • Page 47 Advertisements
    • 53 47 KAUMANTAN '_X PIMCT WHKIY SiKVKI TO 1 IMJWA/rUJUUAJKi/DUMAI I 1 »r I Ijp |rw» Nam H ucmmmi n/n tvu mTm STTSrU I TBTI w/ti~ w/w m/w [u/w SWUMTA/PMUAKC I I SSuA Itflh 1 Hm— tj/L m/!M I I PUAWAM/PfKAN BAIU as*, iA ijl HE' I mm) mwmw/mmw l i row,
      53 words
    • 76 47 FULL CONTAINER SERVICE UN pyn flHfPAfffl MN DAILY BAIUNQS IVPSa IVOY ETA K DAY WT I ETA SPtl DAY aw. _iij>4s» jki_ a«H_ j&m m_ fIOUBLCBR UML JL_ MML JftSiSL JfiLffwgm UMMginCaiUL jftSMt jg_ |oome»»ww|i<tu ayoyoal t*r mm 2yo»<a «uw AGENTS l ®OC) (COC) PAN CON SHIPPING A MARINE SERVICES
      76 words
    • 64 47 ■Him mmu /cou—o/KMMT/amMo— ■VW SKtfQH CMCUTU aw ■vstai munu coumho ■Aw nm ■VB.TOBA SWtfOB MWIIMMN lIW wmrxi QBmALua nm CMl—cm PHOENIX SHIPPING irTYJLTO MONTHLY BKAKSUU SERVICE TO SOUTHERN AHVCA AND MDMM OCEAN ISLAMO6 VESSEL KAMI VOY SPORE DURBAM PHOCNX] I 04/001 18AM 30AM «po lor Msrtaprw, Reunion, S«»ch»»—. MwnrtMu*. Bwfc.
      64 words
    • 82 47 vessa vor eusn ocstmmion SH If-Stfl WWWyMMNHH m rm n-tsm wKon/oiTttsoM^toHGii w at ohm BMW "AISO ACCgT CAtQQ KM OTHB ware ON Monv UB MM M SMPfM 8 TIAMM CO HI 08 nt ******88 (3 UKS) ML- 45-*****883 ******81 Ull Him. H*—lHlt|ii«i 111 n ETA ETC IXMOMQFOR mOHCALNOW mOWMMWM HWOMP—<
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  • Page 48 Advertisements
    • 542 48 I" KB%k afm HSRM itßtrl H6a» ***** 23-23/04 30-02/05 07-07/85 I IKB SHAH f7l« 2* 27/04 M-05/D5 10-11/0S I TWaSUM) ***** 30-M/04 07-09/BS 14-14/05 I TlMFlAtl »73K 03-04/05 10-12/05 17 11/05 I sm Wbov 54 8117R —FfTtf —WMT~i H6BSIM *****1 24-24/04 3042/05 IIIZ/V5 I CAKIYtM 047 2* 30/04 07-04/05 10-14/05
      542 words
    • 599 48 [«ssa KAMI "vor SMGAfOK POT ULAMC OfTTAGOMG OOMGU w eu no ru no ra no OMIKO TW U/04 U/04 10/04 73/04 77/04 OCHOMOf Q7WMO 1W 10/04 10/04 21/04 75/04 70/04 PIOUS—6 00M030 1« 73/04 74/04 24/04 77/04 07/05 OWWS HW 25/04 70/04 10/04 70/04 04/05 A. FRIIOHT LINKS IXPKKSS PTI
      599 words
    • 56 48 *m. CONFER (B.EJL) SHIPPING PTE LTD TEL: *****868 FAX: *****245 DIRECT CONVENTIONAL SWWICI TO CHITTAGONG VESSEL SIN CTG SAPPHIRE 14-10 APTW. 20-80 APWL OOOCT 7Ct/ICUOOMV«mOO*AI. OOW*K!t> TO»Mhn 9ubCo*w« Mitaa Crista. BonCay Kaut Cttnta Otagor^ TuaooMn. Ontti Far Eta HoChtanh>tatanftMontfon»«tata Baryta. Bu» FCIACL OanHeaa Tot «uta 9y<*w» Mtaowm Euopa O—>aa> Hxttan
      56 words
    • 606 48 d? |PDZ LINES sr'^^s'Jt'sss.l ilfc mJotLixmno wreeniae wlw-*ni-iwt fai m-*ij7-iiw I «SWH 222*1 u/N «SWH nSifu/N mag 2235 17/ M WSUM6 tm 27/ M ww «M !hh |H/N mk nn >/N wmT 'II»>/mh» ■Ml IHM tsm 6SWB 2H? -27/14 mm Im VfU raiuwmi n/ti WW m fo»| |C—MX i 2125
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  • Page 49 Miscellaneous
    • 120 49 K Thunderstorm Showers R»n emperature C—/ Wind direction and speed in knots Cloudy Day Weather U Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds LJ Sll 9 hti K 1 201 -•—One half fleche represents 5 knots HH Moderate, 1,2
      120 words