The Business Times, 2 May 2002

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Total Pages: 28
1 28 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 010/03/2002 85C SINGAPORE Internet: http://business-times.asial .com.sg THURSDAY, MAY 2, 2002
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  • 53 1 STOCK HAKEST INDICES Wednesday Change KLSECOMP Closed NIKKEI 228 _11,562.7* +00.26 HANGSENO _Ctaed SET INDEX Closed JAKARTA COMP _M4.72 +Q.66 MANILA COMP Closed TAIPEI WP1 dosed SEOUL COMP Closed SHENZHEN B Closed AUSTALLORD *308.80 +»J0 BOMBAY IND Closed Noon EST Change DOW 9371-01 -75.21 NASDAQ 1,652.48 46.75 SAP
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  • 66 1 FOSEX BATES USS SI US$ (S$perUS$) 1.810 £(USS/S$ per 1-467 2.687 EURO(l!S$/S$/E). OJOS 1.635 DM 1216 1.225 YEN 128.0 7070 RM 1800 1100 HKS 7.799 4J10 BAHT 4122 2189 RUPIAH 9,330 5,166 FUME BATES SINGAPORE* 525 KUALA LUMPUR €.40 HONG KONG 6.125 JAKARTA 39.00 TAIPEI 1715 TOKYO 1175 SEOUL
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  • 421 1  -  BTiq'JJ 11 UL'J J It will reimpose controls to check trend of vans nsed as private cars By Christopher Tan [SINGAPORE] The days are numbered for a growing group of motorists who buy light commercial vehicles for use as private passenger cars. BT understands the
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  • 1266 1  -  COMMENTARY The region could play catalyst to an economic bloc the world couldn't ignore, says Patrick Daniel Patrick Daniel FEW would have bet money on it. But the 10-member Association of Southeast Asian Nations is on a roll. China and Japan are knocking on Asean's door with
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  • 846 1 HP-Compaq merger can go through next week as planned Reuters [SAN FRANCISCO] She won. Hewlett-Packard Company CEO Carly Fiorina, the most powerful and visible woman in American business, emerged both victorious and vindicated on Tuesday as a Delaware court upheld her US$lB billion
    Reuters; AP  -  846 words
  • 477 1  -  Package will offset extra tax of lower-income group Byi Andrea Tan [SINGAPORE] Deputy Prime Minister Lee Hsien Loong yesterday assured that lower-income Singaporeans would not be worse off for at least five years if the Goods and Services Tax (GST) is raised
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  • Page 1 Advertisements
    • 72 1 imnPE Top Stories April market cap drops $8b to $268.9b. Pg 3 Costa del Sol offers 5% rental yield guarantee. Pg 5 TRI market trades seen breaching KLSE rules. Pg 9 KL infrastructure shaping up. Pg 9 Thai deposit insurance agency to be set up. Pg 11 Executive Suite One-North
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    • 2 1 BT Comment
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    • 130 1 f J L.U.C Heir to a proud watchmaking tradition LU C Sport Self-winding chronometer, double spring barrel LU.C 'Twin*. steel use, water-resistant to m zMofazkc/ w www.chopard.com The L U C collection is exclusively available at selected watch specialists and Chopard Boutiques worldwide. In Singapore: Chopard Boutique. 435 Orchard Road
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    • 8 1 RMUwnre the public about GST hike, Pg 8
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  • NEXT page
    • 583 2  -  There are fears of a house price bubble but the Bank of England is unruffled f-Yotn Neil Behrmann in London ASIAN investors are playing it safe in the residential property boom seen in London and the rest of the country, and they are
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    • 260 2  -  Kyi Andrea Tan UAYfcN environmental, which gained a dizzying 10 per cent or 8 cents to reach a new high of 86.5 cents on Tuesday, yesterday told investors to evaluate carefully the firm's risks. In a statement to the Singapore
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    • 660 2  -  HOCKIWy^ r sivanithy ASK any broker about what's going on in the trading of the shares of water treatment firm Dayen Environmental, and you'll invariably draw laughter first, followed by tut-tuting over the serious questions the issue raises. The reason is simple: the shares
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  • Page 2 Advertisements
    • 466 2 KPMGSeminarSeries Bonds and Notes Unravelling the mathematics, revealing the opportunities 28 29 May 2002, 9.00 am to 5.00pm Orchard Hotel Singapore Why With declining interest rates, many have resorted to fixed income securities which rewarded them lucratively in relation to current interest rate levels. With global interest rates now at
      466 words

  • SINGAPORE companies
    • 884 3  -  Bine chips lead fall despite tax panel's proposal to slash corporate tax By Serena Ng LAST month's market correction shaved $8 billion off Singapore-listed companies' value, lowering their market capitalisation by 3 per cent to around $268.9 billion at end-April. The local stock
      FILE PHOTO  -  884 words
    • 230 4 MATURITY YEAR RACED COUPON AMOUNT INTBfcST OFQa!sOF McSlhScES fEKMPftON NJ* (SM) PAYMENT ACCRUED (EXCUONG VHD ISINCOOE p DATES INTEREST ACCRUED WTEHEST) (%PA) 15.*****2 N*****0X 1967 31/4 15/5 15/11 166 100.08 1JQ SG493g»4779 01.*****2 1668 3 280&00 1/5 160 101.06 flff SG********** 01.*****3
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    • 186 4 Gland will market and sell GeneMedix's products in India UK-based biopharmaceutical firm GeneMedix pic said yesterday it has entered into manufacturing and sales and distribution agreements with India's Gland Pharmaceuticals. Gland will market and sell GeneMedix's products throughout India. Initial sales are expected next
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  • Page 3 Advertisements
    • 72 3 9sw fl fl V V Ngee Ann City #01-03/04 Tel: 6735 0233 Isetan Scotts Level 3 Tel: 6735 1785 B Suntec City Mall #01-061/063 Tel. 6337 7455 SS v v Club World. With the world's first fully flat beds in Business Class. Club Work! Ha, beds have been serving business
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  • Page 4 Advertisements
    • 281 4 Bullwhip Effect, Hau L. Lee is the Kleiner Perkins, > Mayfield, Sequoia Capital Professor of the Department of Management Science and Engineering, and Professor of Operations, Information and Technology at the Graduate School of Business at Stanford Universify/C -jp' I His specialization includes supply chain management, eßusiness, global logistics system
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    • 160 4 I for oyer 20 years, our qualified professionals have been assisting clients to venture offshore with confidence by providing consultancy services on offshore structures, shelf companies and incoqjorations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa 38PSRP£ Full nominee, management, corporate secretarial, banking and professional
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  • SINGAPORE news
    • 337 5  -  By Chuang Peck Ming Taking a more upbeat view, US securities house Salomon Smith Barney is expecting the Singapore economy to take off with a 4 per cent growth this year, following a 2 per cent shrinkage in 2001. That s faster than
      Source: CEIC, Citigroup  -  337 words
    • 306 5 S Korea's president had announced this was likely Dow Jones Newswires ISEOULJ General Motors Corp (GM) said yesterday it was not aware of any plans to move the company's Asia-Pa-cific headquarters to Seoul from Singapore, despite remarks by South Korean President
      Dow Jones Newswires  -  306 words
    • 158 5 AFP [WASHINGTON] US Vice-President Dick Cheney and Singapore Senior Minister Lee Kuan Yew on Tuesday discussed the US-led "war on terrorism", focusing on the Middle East and South-east Asia, a US official said. "They discussed general concerns related to the war on
      AFP  -  158 words
    • 428 5  -  Earlier 10% capital appreciation guarantee drew only 10 buyers By Andrea Tan HONG Kong tycoon Li Kashing is employing yet another marketing tactic to sell more units at the 906unit Costa del Sol condominium. After March's guaranteed 10 per cent value appreciation
      FILE PHOTO  -  428 words
  • Page 5 Advertisements
    • 928 5 A HONG FOK CORPORATION LIMITED Wfw NOTICE OF ANNUAL GENERAL MEETING CORPORATION R E |MTrFn VEf |ii w he T !l lrt^ Fourth Annual Ganeral Meeting of HONG FOK nn LIMITED will be held at the Company's Registered Office at 300 Beach Road yj y ni n J h lninnjj
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    • 369 5 MORNING PROGRAMME 8.30 AM REGISTRATION 2.45 PM QUESTION AND ANSWER SESSION 9.00 AM WELCOME ADDRESS 3.30 PM PANEL 2 Professor Ronald E. Frank, President, "Building Successful Businesses in China II" Singapore Management University Facilitator: Dr Gan See Khem, 9.05 AM GUEST OF HONOUR ADDRESS Chairman of Education. SCCIOB 9.30 AM
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  • EXECUTIVE suite
    • 459 6  -  Allgreen's Queens condo tops unit sales in the quarter, selling 419 homes, reports KALPAMA BASHIWALA KALPANA RASHIWALA Property giants Hong Leong Group and Far East sold a total of 1,116 private homes in the first quarter, or 27 per cent
      FILE PHOTO  -  459 words
    • 877 6 JTC Corp says it will only develop key parcels of the New Economy hub at Bnona Vista THE private sector could develop up to 80 per cent of One-North, the 200-hectare New Economy hub at Buona Vista, in a break from the traditional planning approach by
      877 words
    • 525 6 DEVELOPER/ OVN6R DCTRICT LOCATION 8CE TOTAL UNTTS NO. OF PFUCE TENURE J TTTffTTTTffni LAUNO® UNTT8SOLD <«prf) Algreen Properties 3 Cweefth AvaGtirtng FW 914-2.723 7ZZ 711 548 9&yT~ ttuaKorfeon FEO 5 West Coast Creecent 904-1,227 509 312 560 99-yr 3SDrsycott Sing Realty 10 Draycott Drive 1,141-2,347 30
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    • 1381 7  -  !n the face of slowing economy, companies are increasingly depending on corporate real estate to shrink overall cost base, says DAM WOLODY DAN WOLODY Earnings warnings, downsizing and uncertainty characterise the econ o m i c landscape today. The situation has inspired increased shareholder scrutiny at many
      FILE PHOTO  -  1,381 words
  • Page 6 Advertisements
    • 264 6 CO-FOUNDERS: ANTHONY THEN AND GOH SOO KHIM ARTISTIC DIRECTOR: OOH SOO KHIM U SINGAPORE DANCE THEATRE 1 Sum in your eyes Music im your emrs Wine in your The most popular and talked about outdoor arts event in Singapore! n 17 -19 May 2002, 24 26 May 2002, Fort Canning
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  • Page 7 Advertisements
    • 413 7 In A* Matter of The Companies Ad, Cap. 50 And In ihe Matter of SOON CHEONG REALTY PRIVATE LIMITED (In Members Voluntary liquidation) Al an Ertoordinary General Meeting of Soon Oieong >wt)r >wwl» liwwtad duly convened and held a* Rlock 203 Henderson Rood #0914, Swgapnr. *****6 on 25* April 3002
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    • 792 7 ©POH TIONG CHOON LOGISTICS 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 the Albiiia Room, Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Friday, 17 May 2002 at
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    • 924 7 CYBER VILLAGE HOLDINGS LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Annua] General Meeting of Cyber Village Holdings Limited will be held at Traders Hotel IA Cuscaden Road Singapore *****6 on the on the 17th day of May 2002 at 10.30 a.m. for the following purposes:
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  • EDITORIAL & opinion
    • 806 8  -  HHuSEDUB OPINION robert samuelson The Washington Post Writers Group WHEN it comes to profits, we've had a social revolution in the past 15 years. Before that, only corporate and Wall Street types discussed anything so crass as profits. The Great Bull Market changed us.
      The Washington Post Writers Group  -  806 words
    • 54 8 Tm going to be professional but I'm going to try to kill him. We're brothers, and you have to love your brother. But I know he sure wants to kill me, and I sure want to kill him' -Hkeltm the heavyweight boxer, on the coming title bout
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    • 574 8 EDITORIAL ITS not often that a listed company gets publicly reprimanded. Even less common is seeing brokers who flout the rules shamed in public —with full disclosure of their misdeeds posted on the Singapore Exchange website. And as for the SGX announcing the findings of a probe
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    • 1008 8  -  Unctad chief questions conventional wisdom that export growth and FDI automatically generate commensurate income Frorn Harish Mehta The writer is BT's Bangkok correspondent in Bangkok I ONE year ago, Thai Prime Minister Thak sin Shinawatra proclaimed that the t time-tested East Asian Economic
      REUTERS  -  1,008 words
    • 183 8  -  MAILIiETTI Tan Kok Tim Singapore WHEN the GST was introduced six years ago, the government kept faith with the public and did not increase the rate for at least five years as promised. I hope the government will keep faith with the public yet
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    • 101 8  -  Narayana Narayana Singapore THE STI ETF 100 is quoted on the Singapore Exchange board in spreads of one-cent a noticeable deviation from the lOcent spread required of other stocks in a comparable price range. Another quotation for the STI ETFIOPV runs to three
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    • 207 8  -  Chia Hui Ping Singapore IN its recent announcement on the sale of Scott English, Haw Par Corporation said the deal would result in a small loss of $1.4 million against a net book value of $5.4 million. No mention was made about Scott English's profitability
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  • REGIONAL news
    • 205 9 KUALA LUMPUR HUAREN Management Sdn Bhd has entered into an arrangement with Rashid Hussain Securities under which the latter will place out 10,888,636 Nanyang Press Holdings Bhd shares representing a 17.59 per cent equity interest in the company. The Star newspaper reported
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    • 776 9  -  LETTER IJ J.|.'J! J eddie toh The writer is KL'sßTcorrespondent. Hefirst arrived in KL in 1994 when Korean and Japanese contractors were halfway through their construction of the twin Petronas Towers. YOU should take the fast train from the Kuala Lumpur International Airport to the city
      AFP FILE PHOTO  -  776 words
    • 437 9 Last-minute trades look more like off-market deals, says a dealer KUALA LUMPUR MORE than 2 per cent of Technology Resources Industries Bhd's share capital changed hands on Tuesday in a series of late transactions which triggered an uproar among dealers and market players.
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    • NOTE Book
      • 65 9 Reuters (KUALA LUMPUR] Malaysia raised the prices of petrol and diesel by two sen per litre from yesterday marking the second price hike in six months. Liquefied petroleum gas (LPG) prices would be increased by one cent per kilogramme, the official Bernama news
        Reuters  -  65 words
      • 102 9 Reuters [KUALA LUMPUR) Malaysia said on Tuesday it planned to initially use the gold dinar as a currency for trading with a small group of countries, in the hope it would slowly gain international acceptance. Some Islamic countries have proposed using the dinar,
        Reuters  -  102 words
      • 64 9 Bloomberg [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) said it is replacing four out of five deputy chiefs in a shuffle of its top management. The management changes follow the appointment last month of Syafruddin Temenggung as Ibra chief, replacing I Putu Gede Ary Suta,
        Bloomberg  -  64 words
    • 463 11  -  BOT drafts roles for agency which will offer protection for deposits in case of bank failures From Harish Mehta in Bangkok THE Thai government is setting up a deposit insurance agency, as it no longer wants to shoulder the burden of standing
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    • 839 11  -  ASEAN Cnrrent PS foreign policy undermining thto group's fa- mwh™ yang razali kassim SINGAPORE'S diplomat-at-large, Tommy Koh, made an astute observation recently about international diplomacy that was unambiguously intended for the United States. Speaking in Hong Kong at a gathering of think-tank chiefs, he
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    • 335 11  -  From Al Labita w Manila PRESIDENT Gloria Arroyo yesterday hit out at the "excessive politics" that is damaging the Philippine economy as rumours of a plot to oust her and install a civilian-military junta swirl in the capital. "It's this kind of politicking which is undermining
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    • 590 13 SHANGHAI One ont of 8 firms in the red, EPS down average 33%, one to be delisted after four years of losses Reuters CHINA'S annual results season ended on Tuesday with about one out of every eight listed companies in
      Reuters  -  590 words
    • 169 13 TAIPEI Reuters TAIWAN memory chipmaker Nanya Technology said it would sign a memorandum of understanding (MOU) with German chipmaker Infineon Technologies today to build 12-inch wafer plants. "It's a MOU of technology cooperation and 12-inch wafer plants will be included," a spokeswoman for
      Reuters  -  169 words
    • 103 13 AFP [HONG KONG] China is planning to build an undersea tunnel linking the two southern provinces of Shenzhen and Zhuhai as part of plans to develop the Pearl River Delta region, a report said yesterday. The 30-kilometre tunnel submerged under the Pearl River would
      AFP  -  103 words
    • 494 13  -  Differences over Taiwan expected to feature in his talks with Bnsh, Cheney From Leon Hadar in Washington CHINESE Vice-President Hu Jintao was scheduled to confer with US President George W Bush and VicePresident Dick Cheney yesterday and to discuss with them
      AFP  -  494 words
  • 1239 9 ■WimiwW Apr 30 MMrilMHUllMiifiliJHi Hsiao**) OM Mm 0M u» Wl <IMM) kM «5r« 55 SS S" J21.25 M53(KcM*0 Mhm Mm f (I—> MM JHK 6625 2W0 <« iUO fUO (LOO 25 2900 NK MM 66.00 MlOO 25 2900 mZOflBcaM# MM MM g% M £L« SS no 6125 MO 4600
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  • Page 10 Advertisements
    • 188 10 I Singapore >^V Keppel Shipyard (Benoi) Singapore .>y Keppel Shipyard (Tuas) Singapore Jj^BSHHEfINB^S I ±;-j Keppel Singmarine *JSp^^lP^^ v^]f3rSH»k. Singapore Caspian Shipyard Company |H Caspian Sea 3»* amfels Gulf of Mexico Arab Heavy Industries ll^V fast <^H| Offshore North Sea Keppel Batangas J^VV Cebu Subic Shipyard Engineering Philippines Keppel's offshore
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  • Page 11 Advertisements
    • 57 11 1 i Ol Tlllllk opportunities, Ouriltt&Tldtiondl StdFlC6 is built on a solid foundation stone of open mindedness. Complemented by our presence in the world's primary financial centres. Gaining us not only a global viewpoint but above all local know-how. Building the best platform for the success of our clients. "J)
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  • Page 12 Advertisements
    • 1298 12 The Business Times, Thursday, IWay 2, 20 I Vertex Venture Holdings Ltd I (incorporate taNMfefuMc of Sfcfapwt) I Singapore I Technologies I N IC E ISHEREBY V AT Annual General Meeting of Vertex Venture Holdings Ltd (the "Comoanv"! will h« h»M of I SsiSte£iS"**™ i.^sopor..tSSSUH2^ I AS ORDINARY BUSINESS I
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    • 1551 12 NOBLE GROUP LIMITED (Incorporated In Bermuda) NOTICE OF ANNUAL GENERAL MEETING WTICEIS HEREBY GIVEN that the 2002 Annual General Meeting of the Company will be held at Road Hon Kong on 16 May 2002 at 11.30 a.m. tof AS ORDINARY BUSINESS I. To recejve and adopt the Statements of Accounts
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    • 1039 12 IN THE MATTES OF I THE COMPANIES ACT CAP.» I AND I BSP SINGAPORE PTE LTD I <b Mcaktn'VriMa; Up) I Aim F.xtraortfcnary General Meeting of I ihe Company held ai 90 Cecil Street. J #17-00. Singapore *****1 on the 30th day I of April 2002. the following Special Mid
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  • Page 13 Advertisements
    • 537 13 0 SEE HUP SENQ LIMITED NOTICE OF ANNUAL GENERAL MEETING £3K."«£Si ssssys -•<*- AS ORDINARY BUSINESS 1 t y I R yg l an f ■F»_* <d > d Accoun, Company for the year ended 31 uecemoer 2001 together wtth the Auditors' Report thereon. (Resolution 1) 2 I? JEf'JSL?* fo|
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    • 146 13 ABN-AMRo Bank «i citibank oi>usbank JSSSfc MIM2MMN MNNMNU MIUIMN KWfflnß MIMWW MIMWM MIMU]] 121 «^jr ThTll^ n r^^T!l!'-^ n OKMiWt 2001 Mb. Movt information refers to the underlying Ireland *n0 Luxembourg dom K .l«d INVf SCO GT Funds into whKh 0* Singapore INVfSCO GT fundi .nrest subsUntulty til of S^P
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  • WORLD news
    • 602 14 WASHINGTON It okays proposal asking firms to give more explanation in financial reports Reuters FEDERAL regulators on Tuesday took another step toward fixing the corporate disclosure black hole highlighted by Enron Corp, approving a proposal to have companies give investors more information about their
      Reuters  -  602 words
    • 228 14 WASHINGTON Reuters THE oil industry on Tuesday denied allegations it was responsible for spikes in US petrol prices over the last few years, saying price swings were caused by volatile oil markets, unexpected refinery shutdowns and pipeline disruptions. Oil company
      Reuters  -  228 words
    • 681 14 The headline-grabbing excesses are an exception. The mood in the City today is one of caution, sav analysts Reuters BIG bonuses, lavish lunches and bad behaviour the moneymakers of London's financial district can always expect their excesses to make headline news. When five
      Reuters; REUTERS  -  681 words
    • 521 15 WASHINGTON He plays down concerns about US trade gap but is silent on US dollar Reuters US Treasury Secretary Paul O'Neill yesterday said the US economy has fully recovered from last year's downturn and that fears the US trade gap threatened global stability
      Reuters  -  521 words
    • 388 15 LONDON Their appeal seen in lower valuations and debt hardens Reuters AFTER years of crises and misery, a hot rim in emerging markets is starting to draw strong fund flows from major pension fund managers. And with equity returns at best unexciting
      Reuters  -  388 words
    • 177 15 Reuters [NEW YORK] Overseas investors slowed their purchases of US corporate bonds by almost 54 per cent in February, according to Treasury Department data, as tumbling profits and rising defaults soured investors' taste for US paper. Foreigners bought a net U557.25 bUlion of
      Reuters  -  177 words
    • 332 15 NEW YORK Harch construction upending sees tall of oto USsB74b Reuters, Bloomberg US manufacturing grew for a third straight month in April but at a slower pace, an industry survey showed yesterday, in a sign that factories are rebounding modestly after an 18-month
      Reuters,; Bloomberg  -  332 words
    • WORLD Watch
      • 90 15 Reuters fLONDON] Europe's largest mobile phone company Vodafona Group is preparing a possible takeover bid for No 2 French mobile operator BFR should its largest ahareholder Vhrendi Universal seek sak, the Guardian reported yesterday. Word ofVodafons's plans came afterVhrendi Uhiveraal shares ftß to their
        Reuters  -  90 words
      • 69 15 Reuters [SAN JOSE, California] Cisco Systems yaatsrday announced definitive agreements to buy two companies in exchange for up to UStWßmlfttnn of its common stock. Cieoe said >t expects a one-time combined charge for purchased in-prorwss research and development not to exceed t
        Reuters  -  69 words
      • 63 15 Reuters [LONDON] Surveys showing a strong recovery in P 4 4 *-7 nrl nrrrtng rrtnll naUn ei—eetail ysadidaj ths economy wuuki bounce back strongly in the eaoond quarter after ahnoatetagnating hi the pi enrkNaaatxanntha. A report, compiled by ths ChartorsdlMdtals of Purchasing and Buppiy and
        Reuters  -  63 words
    • 580 16 BUENOS AIRES But Spanish bank's warning that its nnit has cash only for three months sparks new fears Reuters ARGENTINA'S new economy minister heard words of encouragement on Tuesday from the International Monetary Fund and US Treasury, but new fears arose
      Reuters  -  580 words
    • 375 16 SEOUL They can exchange bonds for 75% stake and fire the board Reuters CREDITORS to Hynix Semiconductor are likely to seize control of the chipmaker after its board rejected a sale to Micron Technology, as they try to salvage South Korea's biggest foreign investment, analysts
      Reuters  -  375 words
    • 324 16  -  From Leon Hadar in Washington THE new legislation that would increase subsidy payments to America's largest grain and cotton farmers is already igniting trade tensions between the United States and Australia. It is seen as a move to protect
      AP  -  324 words
  • 4845 14 Transaction date: Apr 30 for more, go to wurn 'jasicuynenmarketsjxmi HONG KONG M MP W- H» AcraaAaia Multimedia—.020 inch 0 Alpha General 0.04 unch 4950 AmoyProp 475 unch 3753 AnandaWlngOn 409 0.01 *****0 Angana New Steel H 1.07 442 36*70 Annul Conch M -2.33 unch 2354 AnhUEmeweyH 1J1
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  • Page 14 Miscellaneous
    • 196 14 UKVFTIC CROSSWORD 29 out and getting back (10) 12 Deceived about an employ- public school (4) DOWN ee being improperly treated YESTERDAYS cm imnw 2 A top man wants little pubk> (10) YESTERDAY'S SOUmON ty (4) 13 A good man, and yet respon- 3 Left the port- being irritated sibte
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  • Page 15 Advertisements
    • 246 15 na% BIG WALK 2002 SUNDAY, MAY 19 SIGN UP NOW ihcw whet your taam can da Gather a minimum rf 20 p*r»or» (the more the merrier), coin a team name and dreee up to a theme. Your team could win Theme-Up cash prizes. Ist Prise GRAND LUCKY DRAW nissan sunny
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  • Page 16 Advertisements
    • 2228 16 Sjffla 4- s] STRIKE ENGINEERING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Strike Engineenng Limited (the "Company") will be held at 422 Tagore Industrial Avenue. Singapore *****6 on 17 May 2002 at 10.00 a.m. tor
      2,228 words
    • 936 16 KS TECH LTD I (Incorporated in the Republic of Singapore) I NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN THAT the Third Annua) General Meeting of the Company will be I held at No. 4 Tuas Avenue 5, Singapore *****1 on 20 May 2002 at 10.00 a.m. lor
      936 words
    • 8 16 Failed Hyntxdeal seen hitting chip prices, Pg 17
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  • Page 17 Advertisements
    • 183 17 Where to wine, dine and entertain... JteS&SsKfis! r g Mwa 7 HIB www.diners.comjsg flSckUtrt Da»] Bring Mum and the whole family to Captain's Tabh to celebrate this special occasion. Available lunch dinner from 29 April to 12 May. For reservations, call: no»tasiM*3oo2 w I Discount shafi be *JM* I deducted
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    • 151 17 CUite&lC 3 rd -I9* l May 2002 Gel a chance to win airline ticket* to Langkawi when you dine on Pcranakan canine at Cafe Vic. Buffet Lunch (Mon Fri) Buffer Dinner (Mon Sun) 12.00pm -2 JO 6pm -10 JOpm *24.80 (Adult) $32.80 (Adult) $12.40 (Child) $16.40 (Child) KaJunvc 15% discount
      151 words
    • 90 17 AJalaccaFood Deligfite 3-12 MAY 2002 Buffet Lunch: 12.00 noon to 5.00 pm Weekdays $2280* .(Adult) $14 80**.(Child) Weekends: $23 80***(Adult) $15 80* **(Ch,ld) Buffet Dinner 6.30 pm to 9.30 pm Weekdays $2780* (Adult) Sl9Bo***(Chtld) Weekends $28.80* (Adult) $20 80* *(CMd) For reservations, please call 6831 6286/88. Cooqprascn 18 1 Mezzarra
      90 words
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      207 words
  • BIZIT
    • 515 17 VC firms selective as fnnding declines 24% from Q4 last year to USs&2b Reuters [SAN FRANCISCO] Venture capitalists turned more cautious in Q1 2002, slashing investments by almost 24 per cent and extending a downturn in startup financing that has run for two
      Reuters  -  515 words
    • 330 17 Bloomberg SUN Microsystems Inc said president and chief operating officer Ed Zander will retire by June, leaving founder and chief executive Scott McNealy without a second-in-command at the maker of servers that help run corporate networks and Internet sites. Mr Zander, 55, is the
      Bloomberg  -  330 words
    • 338 17 It will help telcos better compete with cable operators Reuters [WASHINGTONJ Senators seeking to encourage high-speed Internet access introduced a bill on Tuesday that would subject all services to the same regulatory constraints, regardless of how they are delivered. The bill, drafted by
      Reuters  -  338 words
    • 387 17 Micron would have taken excess capacity offline and tightened supplies Reuters [LOS ANGELES] The collapse of Micron Technology Inc's deal to buy the core assets of debt-laden competitor Hynix Semiconductor Inc will drive a renewed decline in memory chip prices, analysts said.
      Reuters; AFP  -  387 words
    • 554 18  -  It is aiming for 12% revenue growth in digital imaging business this year By Leo Kee Chye JAPAN'S Canon Inc last week launched 14 new digital imaging products in Singapore, as part of its strategy to grow its digital imaging business by 12 per cent
      554 words
    • 858 18  - Play it again far Fiorina and for Sim INFOTECH kenneth james YOU'VE got to hand it to the lady. Facing bitter opposition to her push for megamerger that many in her own company didn't want, Carly Fiorina didn't blink. Instead the Hewlett-Packard Co CEO raised the stakes, staking her own
      858 words

  • Page 18 Advertisements
    • 297 18 All over the world, PC users know the name. They also know the number. Microsoft customers can easily dial direct at any time of the day to enjoy immediate customer support. But making customer support instantly accessible to scores of users around the world isn't easy business to begin with.
      297 words

  • SHIPPING TIMES
    • 286 19 Reuters THE Baltic Dry Index (BDI) fell six points to 1,027, the Baltic Panamax Index (BPI) lost two points to 1,031, the Baltic Handymax Index (BHI) shed 17 points to 7,699 and the Baltic Capes ize Index (BCD was down 14 points to 1,192. TIME-CHARTER: ♦Mercedes (built 1981)
      Reuters  -  286 words
    • 242 19 wmmmmmmm CWT Distribution—0.86 0.02 11 ChuanHup 0.43 uneh 772 Coseo InvMtnwnt —0.25 0.01 280 FraWit Links 0.06 0.01 80 GBffcldtogs 0.81 -0.04 88 IMC HoMngt-HK 5.60 uncft 0 JayaHoWings 0.25 0.01 1197 KappaiCflrp 4J0 0.08 4424 K*pp*i Marina 0.20 0.02 5141 KaopaiTai* 1.05 0.01 53 LMroy Marin* 032
      242 words
    • 737 19  -  Move against int'l lines expected to gain govt backing By Beth Jinks [SINGAPORE] Shippers in China have vowed to "firmly boycott" the introduction of controversial terminal handling charges (THCs) by international shipping line conferences, a move which is widely expected to gain their government's
      FILE PHOTO  -  737 words
    • 392 19 It hopes 9.6b rnpee terminals will lead to fresh business Bloomberg [MUMBAI] India's port of Mumbai plans to invite bids from local and overseas companies to build two container terminals worth 9.58 billion rupees (***** million) to meet rising demand for maritime traffic.
      Bloomberg  -  392 words
    • 312 19 Bernama [KUALA LUMPUR] Malaysia International Shipping Corporation Bhd (MISC) is expanding its services into the very large crude carrier (VLCC) sector, particularly in the transport of energy. In a news release, MISC said that the move was in line with its
      Bernama; FILE PHOTO  -  312 words
    • 117 19 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's second largest shipbuilder, won an order from Stelmar Shipping Ltd of Greece to build five oil tankers worth about US$l54 million. Delivery of the 69,000-ton-deadweight tankers will be made by July 2004, Daewoo Shipbuilding said in
      Bloomberg  -  117 words
    • 706 20  -  NEWBUILDS -By David Hughes THE recent order by AngloDutch liner giant P&O Nedlloyd for five-plus-five options 2,500-TEU container ships at Hyundai came as something of a surprise given the current parlous state of the box market and could be a sign that container ship
      FILE PHOTO  -  706 words
    • 117 20 PACE 8SA i rung 6 CHA COM 3 COSCO 3 riinu j Central* 4 CMmS*P« S CM*« S CVTCKM* (Mm 4 CXMqnm 3 (a 3 mp nm 4 FiM(Sa 5 r«*ai 4 r«*ran t Gnatim 4 H«qt) 4 Hyundai 4 Hcmy-A 3 HttSl 5 llaltm S %fom
      117 words
    • 13326 24 THEBUSINESSTIMES EXPORT ETA ETA Advcrttear VhhI Voyag* TaMphon* SI Pwtti Not* Nam Hunter Nutnlwr ■■■■■■■■■■■■■MMHMHManNMMKaRMtBMMMMIVtMlflMi To ABIDJAN (ABJ) 2003 Cote D*lvoiro »/05 01/06 Ddmas HYUNDAI IHOEPEHDCH 307W 65******44 13/05 21AM China Shpg VILLE DC CAPELLA 427W 65******96 16/05 21/06 CMACGM NORASIA SIHGA 219-06 65-******00 17/05 15/06 Mnw HYUHOAIFORTUNE
      13,326 words
    • SHIPS IN PORT
      • 624 27 M1 Voy No Berth Arrival Departure JMqM mn J25 01/05/10:15 02/05/BOO mmuuoT J01 01/05/8:10 01/05/2000 r^ Y1 J05 0V0VKW0 02/05/1000 ***** 01/05/1100 01/05/23:00 J23 01/05/10:55 06/05/700 T v ®°**f SAM J<» 0V0Vll:40 01/05/1700 K J 02/OV200 02/05/23:00 IL., J22 02/05/300 03/05/»:00 nm 02/05/700 03/05/500 J"®"" *****9 JK 02/05/7:15
        624 words
      • 1487 27 ggcgjywc OF OPOtT Fa C0WTAIME1S AMP IXL CAtSO n I Isttt tWitr NrM Fraw T« Fro•a torn* mm into WBM mt «*m 9V»ao ouMt WW MM KM* IUW MM u/wt smm sm M ww < W WW km •ciMttii 042v o»w svw cvwT mm MM* MM HM W*
        1,487 words
      • 463 27 4_,e ®"5" 988.9 0.4 16.0 0.06 S3 0X13 y ;s Dwwttr Wataf »nt*n MMtarirtm Sitoirt No abow E25 0 0 2 0 0 0 «W» 380 Aw 987.2 02 14.7 0.05 25 0.02 ttrtri mm 380 9910 0.6 18 0 0.08 58 0.M m*H Mo thou*
        463 words
      • 181 27 May 3 Japan: Constitution Day May 9 Japan: Children Day South Korea: Children Day Thailand: Coronation Day South Korea: Children's Day May 9 United Kingdom: Early May Bank Holiday May 8 France: Remembrance Day (WW 2)May 9 Belgium: Ascension Day France: Ascension Day Germany: Ascension Day Indonesia: Ascension
        181 words
      • 805 27 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the
        805 words
    • AIR & LAND transport
      • 663 28 MD says it could buy at least 50 planes from Boeing, Airbus Bloomberg [DUBAI] Emirates, the Middle East's largest airline, may quadruple its fleet and buy at least 50 more planes from Boeing Co and Airbus SAS than previously planned, said managing
        Bloomberg; FILE PHOTO  -  663 words
      • 134 28 Bernama [KOTA KINABALU] A Malaysia Airlines Boeing 737 en route to Taipei landed at the Kota Kinabalu International Airport safely after experiencing problems with its landing gear. An MAS spokesman in Kota Kinabalu said that Flight MH6B with 99 passengers and an unspecified
        Bernama  -  134 words
      • 153 28 Bloomberg [MANAMA, Bahrain] Gulf Air, the fifth largest airline in the Middle East, is waiting to find out from its owners if they are going to inject US$255 million to help keep the airline afloat. Owners Abu Dhabi, Bahrain, Qatar and Oman may inject
        Bloomberg  -  153 words
      • 384 28 Families of victims may get paid as much as USs3£b Reuters [NEW YORK] Libyan leader Muammar Gaddafi is prepared to make a "substantial formal offer" to compensate the families of the Lockerbie airliner bombing within a month, according to Time magazine. Time said
        Reuters; REUTERS  -  384 words
      • 122 28 AP [SINGAPORE] Singapore Airlines (SIA) said yesterday it will suspend flights to Nepal's capital, Katmandu. The national airline said in a news release that it will stop its three flights a week to Katmandu starting May 31. The suspension was due to the "uncertain global
        AP  -  122 words
      • 210 28 Recovery falters in week through April 21 Bloomberg [BRUSSELS] European airlines' international traffic fell 13 per cent from a year ago in the week through April 21, reversing a recovery in travel following the Sept 11 attacks, which discouraged travellers from flying. International traffic
        Bloomberg  -  210 words
      • 316 28 AP [CHICAGO] United Airlines' parent company, UAL Corp, said on Tuesday it has started searching for a successor to interim chairman and chief executive officer Jack Creighton. Mr Creighton, 69, was elevated from his board director position last October after the troubled airline
        AP  -  316 words
      • 196 28 Bloomberg [KINSHASA, Congo] Air France increased the num. ber of seats to Africa by almost 70 per cent over last year while reducing flights to North America, the Wall Street Journal reported. Air France, which flies to more African cities
        Bloomberg  -  196 words
      • 1634 28 aw fuan cw man n» BA7M1 «40 BA73K 2215 OFW 1840 0fl2 2215 kmittriam $0323 0655 GA974 0130 ***** 1510 KU3S 2225 $024 2345 SO 34 2345 Atktn $0347 0550 AackM N243S6 2045 N243K 2100 $M> torn $02t5 MP rrr nn I $*ri M421 HOO $0N2
        1,634 words
  • Page 19 Advertisements
    • 233 19 I h 111 fi f 111' yll* t. 111''! 1 11! t 11' 'ill < i f f ill' I» 1 I, I. f' I Back Page Ini n ii iihf i 111 i\ 11 {11' 1 111) 1 1' ,i Back Page Return to box ship ordering soon? NOTICE
      233 words

  • Page 20 Advertisements
    • 464 20 NORTH AMERICA GULF/INDIA SUB-CONTINENT «UFBI iHUing tMHHJIS (MH) |OUU KMMCM EXPUCS* jSjOO 18 S* 5® VDSa VOT HA DAM MD ooamvroH jiwis iT/S 05/05 arm OOaiAfM SIWI6 14/04 12/0S U/05 *0 »UOYl> AIGQA 01( 24/04 25/04 27/04 OS/tS OOQ IKTHBtIAMPS 30W17 01/05 10/05 21/05 MUOTO HOOtN 021 01/0S 02/0$ 04/0S
      464 words
    • 54 20 WORLDGATE EXPRESS LINES PTE LTD 100, Cecil Street, Bangkok Bank BuMdfctg, S*pore *****6 Te,: *****911 *****073******63 Email: wgate@mbox2.singneLcom.sq WEBSITE: http://www worldgate com sg CateutteSr Chlttagong I COLOMBO |01/06 Karachi KARACHI/LAHORE 03/05 Bombay^^BV| af i raa MADWAS/B4WQAU)RE^ wiauiaa BOMBAY 03/05 CHTTTAQONQ/DHAKA 03/06 NHAVA SHEVA Oft/OS Colombo* \p I CALCUTTA 06/05 Port
      54 words
    • 602 20 lines services represented by Members of (he Registry of Members of fcp\jpJJ Accredited Shipping Agents, Singapore Logistics Ng»l*jy Singapore Shipping Associalion AssocioHon em ULYUM- MM! D^H vbsb I voy Ira eu Titt RHAUG srati mm Empress Lity 0302 13/05 14/05 22/05 Princess Lily 0502 31/05 01/06 09/06 Empress Lily 0402
      602 words

  • Page 21 Advertisements
    • 878 21 TO USA (SAX SBVKI) rasa VOT SIN FU LAX OAK DAI HOU CM COl KM ATI KYC Alt CTf MB 11H 01/05 23/15 27/05 27/05 27/05 77/15 21/05 27/05 21/05 29/05 Aft HCW 1041 15/05 30/05 03/0* 03/06 03/00 03/00 04/00 03/00 05/00 05/00 AftHOOANP 1001 22/05 00/00 10/00 10/00
      878 words
    • 1451 21 CAU TO COiOMM T/T: 4 MVS in SBBSKr ££ffi K B/u 2S&' /U SS"™® "*»■>»'« l a MO: 117I7MMHM TE; *****900 (MAM) HOWARD (0 0) *****714 *****310/40 T/SMPDEPT *****025 *****314/44 cwcvwnaui *****301/050 *23*5323/73 j* m o*l iu mo hei n 11 in HUMBI ItJDft ***** 03/05 04/05 M 45 ftMQ
      1,451 words
    • 474 21 *BSa WT_ MM. HKG SHA KE US« WJS M VBSfl VOY SIM SIC JKT SM ontaawg Tots vs iys iys ivs ivs ivs mj« 1 im <awfl 04M vs ys ivs Wttt mKtam vs 11/s ivs ivs ivs ygsa JLJL MMMMMHK IWS VS IVS IVS 1»/S TVS MtSMMWB TDtS VS
      474 words

  • Page 22 Advertisements
    • 776 22 MIMF HYUNDAI MERCHANT MARINE CO., LTD. tt MO. HOWMOMOH 5L mu m ~jjwT "awT "15i" m vksb vot IbT "joT "5T TT MKMI IO9W 25/04 12/05 17/0$ 14/0$ 15/15 ATISAtDONYI 1071 01/04 04/04 01/04 04/04 25/04 MIMHI S4OW 20/04 17/0$ 11/0S 12/05 14/0$ Iff KXTUK 3071 09/04 03/04 04/04 00/04
      776 words
    • 524 22 V* WAN Km HUES INTRODUCING: NEW WEEKLY EXPRESS SERVICE gHB Weekly Express Monday sailing For more details, call HOTLINE: 1800-*****00/*****88. ugmammrn wa !5? 1! 51 u* i—T bip tfuaiiiss isn sua -03/ is os/os IMA o*/05 10/0S ls/0$ 17/0$ I*l* 23/05 22/05 17/05 29/05 'M* >5/04 03/04 09/04 11/04 wr
      524 words
    • 650 22 «t» Si&UQ&c WEEKLY EXPRESS SAMJMG SCHEDULE I ALSO ACCEPTING TO ALL NORTHBMAMO WOTHW ICO POBTO VOX P UAN6 COUMM N. SWVA| COUMQ vasaiwi vot tT*/tTt nt/n» eta/ito ita/ito cta/tti ■obwum oms nut imt SIM imt iimt baziuaiibhbs oim tmi imi imr is mat iimt ushastb soi wr 13 mr is
      650 words

  • Page 23 Advertisements
    • 972 23 IVfSStI VOY KHH HKO SIN I m I DXI Ml T~OMM He MANTMAN PCL-257 29/04 01/05 04/05 05/05 12/05 13/05 15/05 17/05 MVUNDAVIA PCL-25S 06/05 OS/05 11/05 12/05 19/05 20/05 22/05 24/05 MANKRMAN PCL-259 13/05 15/05 It/OS 19/05 26/05 27/05 29/05 31/05 MAN ISFAHAN PCL-260 20/05 22/05 25/05 26/05 02/06
      972 words
    • 474 23 i VTrnl UK CONTINENT SERVICE Loading for DIMITRA ODM/ATW/BMN/UK/NAN MARYLAKI RDM/ATW/BMNAJK/NAN Loads Singapore. E/W. Mateyma. Indoneaa MIDDLE-EAST SERVICE Loading for ANAIS LAND JDH/AQA/DMT PAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT LOK KIRTI HDD/JDH/AQA LOK PRATIMA ADN/HDD/JDH/AQA AFRICA JDH/AQA HANDY DRAGON DBt/ABll/DOH/BRN/DMM/KWT TZANETIS DBl/ABU/DOH/BRN/DMM/KWT •Loads Singapore, E/W. Maiaysa. mdonesra USA SERVICE Loadngfor OMIROS CAM/NFX/SAV/NOL KONAMAR
      474 words
    • 603 23 .ma m ai m gag —ass- M Biß wsl —-as —=M==£s= SSeJJLJJ- ■gJBBU i—M3 £y B/ST" nfflJH 2} s*= wwarmn turn ylm Msb~ {Baj s f*4g—«s— MQBmai M"i u/os »/>f~ tkbsiu us IRSISi \~m S% —g%— JSSSfI m Si m vcsa jkmsko. nun am urn gjmt is? I Tl.—l 157
      603 words

  • Page 24 Advertisements
    • 92 24 LIN E S I 1 j■ ——i —i Rpstodt Senator 945E 06/05 15/05 20/05 21/05 Rostock Senotor 945E 06/05 18/05 28/05 29/05 01/06 Rwtogkfenoipr 945E 06/05 20/05 03/06 Noiran 018E 11/05 20/05 OVnA Cotitomiq Senoto? 948E" ***** 29/05" 63/06 ***** Cqlifamiq Senqtor 948E" 13/05 07/06" 17/06 18/06 21/06 ~*****~ 26/06
      92 words
    • 242 24 CWT GLOBELINK PTE LTD .Z""— W OWN OFFICES IN: TCL:€*****33 (36 LINES) FAX:*****742 D SYDNCY MtLBOUBNt PfNANGFO*T KCLANG-FASIR GUDANG KUCHING BANGKOK KARACHI BOMBAY I NEW OCLHI-COLOMBO-HO CHI MINN II SHANGHAI XtAHtN FUZHOUDALIAN XIANBFUING SHI JIA ZHUANG jj DIRECT SAILING TO: imomn su&asiwumtr MUMBAI (BOMBAY) 'oxkw delhi KOLCATTA (CALCUTTA) kaJwcBIV CHITTAGONG
      242 words
    • 15 24 KEEP UP TO DATE ON TRENDS WITH THE LINER SCENE FORTNIGHTLY ON MONDAYS SHIPPING TIMES
      15 words
    • 222 24 BSfi iMk MYANMA \BBBk five STAR UNE •ts! rasa vwr sm rn rn poi CHW SHWI HAW S4W SU pagan vmm at M UUrSIA: OOUSTIAB SNIFFING MOCKS UL 01-*****)00 FfL- 03-*****101 PBt 04-******7 BANK LINE ttnriu tt Amdnw W+ VF WOKTWOUNP TO EUtO»T" V CONtMO, K)K(X MUIMMTTUFTS SM m NWS
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  • Page 27 Miscellaneous
    • 130 27 —rrin Ir.^H^SETj LEGEND: Issued by Meteorological Service Singapore Is Thunderstorm Showers y^\ Rain T w^a?hor Ure C U Wind d rec, n and speed in knots Cloudy Day Weather w cx Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds 1
      130 words