The Business Times, 8 May 2002
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2002-05-08
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The Business Times
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Title Section15 2002-05-08 1 THE BUSINESS TIMES MITA (P) 010/03/2002 in pr.;et: http://business-times.asial.com.sg SINGAPORE WEDNESDAY, MAY 8, 2002 85C15 words
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Article72 2002-05-08 1 D!!nM6 (.1.07) W% OT INDEX FUTUIES U 1,73*00 (4-1100) flamxnmus U omi (+1.90) awe Hum noons Tuesday Change KLSECOMP 7&M -6.17 NIKKEI 226 Ol97 HANO SENG 11.796J6 +M.78 SET INDEX .174.66 JAKARTA COMP -***** +6.08 MANILA COMP JJ41A -118J TAIPEI WP! 6.06X98 *tU0 SEOUL COMP 82*14 461 SHENZHEN72 words
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Article70 2002-05-08 1 I—Mil ust St USS (S$ per USS) 1J01 per 1.469 2.64S EUBO(USS/SS/E). 8J18 1.663 DM 1216 L231 YEN 126J 70.M KM UN 1116 HKS 7 JO# i»i BAHT 42.88 2183 RUPiAH 12M Ml? PUKE KATES SINGAPORE* US KUALA LUMPUR 1.40 HONG KONO 4.116 JAKARTA *00 TAIPEI TOKYO 1171 SEOUL70 words
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615 2002-05-08 1 David Boey - -liexclusive Survey of MNCs ~*hows process yields faring better than other locations By David Boey [SINGAPORE] Far from being hollowed out by cheaper production locations, Singapore's manufacturing sector is alive and kicking, and will continue to be viable in the future. Johan615 words
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Article, Illustration71 2002-05-08 1 CHRIS LOH [SINGAPORE] Former hotelier Ricky Goh (right) looking on as Frank Benjamin (left), chairman of listed FJ Benjamin Holdings, and former remisier king Peter Lim (middle) take questions at a press conference. Mr Benjamin and Mr Lim announced that they have entered into a joint ventureCHRIS LOH - 71 words
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596 2002-05-08 1 Audrey Tan - First time a HE developer is targeting China tycoons Frorrii Audrey Tan in Hong Kong LI Ka-shing is hoping millionaire capitalists in communist China will snap up his fancy Kowloon waterfront apartments for HK$2O million (554.6 million) apiece. Built by Cheung Kong Holdings, the596 words
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724 2002-05-08 1 BOOK LOOK SOW SGX should take a leal out of NYSE's book on preventing insider trading savs R Hraottfay ON Monday, shares of computer firm Serial System shot up 5.5 cents or 22 per cent to 30 cents on volume of 17.5 million units. This was724 words
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343 2002-05-08 1 Donald Urqohart - It aims to attract 3rd major shipping line by end-2003 By] Donald Urqohart [SINGAPORE] Malaysia's Port of Tanjung Pelepas (PTP) has confirmed plans to start a second phase of development and is aiming to attract a third major shipping line by end-2003.343 words
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Page 1 Advertisements
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Advertisement79 2002-05-08 1 DWIPB Top Stortos Managing director Goh Mui Hong to quit UOB Asset Management Pg 9 Yang Razail Kasslm: New Malay or Global Malay? Pg 8 US productivity up at fastest rate in 19 years. Pg 14 Depreciation more costly under new tax regime. Motoring, Pg ig Mantra of market timing.79 words
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Advertisement37 2002-05-08 1 I Mai Bnkmm CEO stcumgtnmUqffkr waiver, Pg 3 Mokhtar wootif Schenker in S'pore to Senai: sources, Page 2 Fed interest rates US interest rates raised or left on hold? To ftnd out, log on to http:/ /bustnest-times.asial.com.sg37 words
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ON THE grapevine
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Article104 2002-05-08 2 REGULAR readers of this column will know that the views of US investment newsletter TheMogctmbo Guru, which have featured here before, are entertaining if not necessarily illuminating. True to form, here's the April 23 offering: "The Fed has expanded its mistake again to ensure that stocks always104 words
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Article47 2002-05-08 2 RESULTS of a recent online poll: It's easy to corner IPO stocks these days because the free float is so small. Yes, SGX should do something about it: 70% No, stocks can be cornered anyway: 15% It's always a losing game: 15%47 words
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Article, Illustration695 2002-05-08 2 Yang Razali Kassim - His firm Nesdex allowed to start regional securities marketplace there Byl Yang Razali Kassim isiiMUAPUKfcj me cofounder of Bexcom, who won the first Phoenix Award for technopreneurship, has stepped down from the board only to pull off a coup in Brunei. Yong Boon695 words
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286 2002-05-08 2 Vince Chong - Issue follows big tax breaks in Budget to attract foreigners By' Vince Chong IMNGAPOKE] Vivian Balakrisbfaan, Who chairs the Remaking Singapore Committee (RSC), may be personally uncomfortable about allowing dual citizenship for Singaporeans, but he will nevertheless put the idea up for further discussion. His286 words
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576 2002-05-08 2 Chuang Peck Ming - Analysts say those with enonfh money potlikejjllriskit \By Chuang Peck Ming [BINU A PORE] Freeing excess CPF money to start or invest in business ventures is a nice idea but won't work wonders in kindling the entrepreneurial spirit, analysts said yesterday. "There won't be576 words
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Article, Illustration497 2002-05-08 2 Eddie Toh - •it exclusive another air express firm to Johor From] Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Syed Mokhtar Al-Bukhary may be luring Schenker and another major air express company in Singapore to Senai Airport in a bid to transform the Johor airport497 words
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Page 2 Advertisements
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Advertisement866 2002-05-08 2 EASTERN PUBLISHING LTD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that tk Annual General Neeoag of EASTERN PUBLISHING LTD nik Md a Oh Aegntered Mm d Oh Tk Boardroom. I Lorong Bafcar lan #17-12 Sagapare *****3 aa Friday, 24 Hay 2002 a 11.00 aa. it traasaa Oh Wkkg866 words
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Advertisement9 2002-05-08 2 Edttoriali CPF, HDB assets as risk capital, Pg 89 words
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SINGAPORE companies
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Article, Illustration490 2002-05-08 3 Conrad Raj - It teams np with Peter Lim to land franchise pact By Conrad Raj A NEW joint venture between listed fashion goods dealer FJ Benjamin and former remisier king Peter Lim plans to dot Asia especially China with cafes andCHRIS LOH - 490 words
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454 2002-05-08 3 Teh Hooi Ling - Compensation from former CEO triggered takeover By' Teh Hooi Ling SERIAL System executive chairman and CEO Derek Goh is exploring the possibility of making a general offer (GO) for the company even though the Securities Industry Council (SIC) has granted454 words
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264 2002-05-08 3 LISTED broker GK Goh Holdings said yesterday it plans to pay Ong Commodities (OC) Pte Ltd an estimated )5 million for a 35 per cent stake in Ong First Chicago Pte Ltd (OFC), a company dealing in and providing brokerage264 words
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Article, Illustration334 2002-05-08 3 Genevieve Cua - BT Speculation is that she may join S'pore Technologies group By i Genevieve Cua former OUB Asset Management chief executive Goh Mui Hong has resigned as managing director of UOB Asset Management following the merger of the two firms. BT understands that she willFILE PHOTO - 334 words
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475 2002-05-08 4 Angela Tan - Market welcomes private placement 0f40.85m shares as it expands free float Byi Angela Tan UNISTEEL Technology's non-executive chairman Wang Jang Chon yesterday surprised the market with a private placement of 40.85 million shares at 84 cents each, more than halving his stake from475 words
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162 2002-05-08 4 Reuters [SINGAPORE] Debt-laden Asia Pulp Paper Co Ltd said it will unveil its response to creditors at a debt restructuring meeting in Singapore today after finding common ground with holders of its US$l3 billion debt. "APPis in the process of preparing a preliminaryReuters - 162 words
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Article, Illustration429 2002-05-08 4 Chua Hui Min - )'-ii exclusive This despite g»od growth and returns, says raw materials supplier Byi Chua Hui Min THE mystery for Noble Group's chief executive, Richard Elman, is why investors can't seem to grasp the value of the company's business. Despite compounded annual profit growth of 47ARTHUR LEE - 429 words
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214 2002-05-08 4 Angela Tan - By Angela Tan SINGAPORE Telecom yesterday unveiled its total mobile subscriber base in Asia-Pacific 22.29 million as at March 31, up 13.8 per cent from last December. This comprised mobile subscribers of Sing Tel Mobile (Singapore), Optus Mobile (Australia), Advanced Info Service (Thailand), k Bharti214 words
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Article, Illustration369 2002-05-08 5 Kalpana Rashiwala - This helps lift HI profit by 62%; writeback boost too for Hotel Malaysia By] Kalpana Rashiwala KHOO Teck Puat s Goodwood Park Hotel achieved a 61.2 per cent jump in interim group net profit to $32.3 million due chiefly to substantial writebacks of provisions forFILE PHOTO - 369 words
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189 2002-05-08 5 Bloomberg [SINGAPORE] MCL Land, which has been trying to seU its flagship office building for more than a year, said it may do so through a real estate investment trust (REIT) a move analysts say could raise as much as $200Bloomberg - 189 words
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COMPANY Briefs
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90 2002-05-08 5 Bloomberg GLOBE Telecom Inc, the Philippines' second-biggest mobile phone company, said first-quarter profit rose 34 per cent after sales surged by half. Net income rose to 1.42 billion pesos (5551.4 million) from 1.06 billion pesos a year ago. The company said it ended MarchBloomberg - 90 words
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122 2002-05-08 5 Bloomberg Udo Lrroup Holdings denied a report it is selling a 20 per cent stake in Bank of Philippine Islands (BPI), the country's second-biggest lender by assets. The Philippine Daily Inquirer said yesterday DBS will sell the stake because it was disappointed by BPl'sBloomberg - 122 words
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39 2002-05-08 5 NORTH 22 Technology Services Group announced that its China subsidiary, Yao De Computer Software Co Ltd, has won a US$2.l million contract to provide software and services to Zhejiang Provincial Electric Power Company.39 words
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Article64 2002-05-08 5 MAINBOARD-LISTED WPG International, formerly Allcom Technologies, a regional electronic components distribution and service provider, said net profit fell 31.8 per cent to US$4Ol,OOO in the first quarter 0f2002. Turnover increased by 10.1 per cent to U5543.4 million. The drop in profitability was due to64 words
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Article214 2002-05-08 5 Aaron Low - Investors give it high ratings in Finance Asia survey Byi Aaron Low SINGAPORE Airlines has emerged as one of Asia's best companies in a survey by Finance Asia. SIA took the top Singapore spot for several categories in the survey, including best managed company,214 words
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Advertisement50 2002-05-08 3 JL^Sptm^^^m Club World. With the world's first fully flat beds in Business Class. DD i-ric LI AIDVA/ilV^ l^ Club World flat beds have been serving business travellers since February 2000. They are available on all our flights from Singapore to London. Melbourne and Sydney. tilvl I 1311 AI lvlV/\T 1^50 words
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Page 4 Advertisements
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Advertisement1254 2002-05-08 4 S. J SembCorp i y Marine (Incorporated in the Republic of Singapore) SEMBCORP MARINE LTD NOTICE IS HEREBY GIVEN THAT the Thirty-Ninth Annual General Meeting of the Company wi be held on Thursday, May 30, 2002 at 11.00 a.m. at 29 Tanjong Wing Road, Singapore *****4 to transact the following1,254 words
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Advertisement443 2002-05-08 4 CybemUQst Limited (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company wiH be heW at 627 A AJjunied Road. Biztech Centre #07-02 Singapore *****2 on 30 May 2002 at 9.40 a.m. (or as soon thereafter following443 words
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Advertisement23 2002-05-08 4 Th* Straits Times jj CitsstfM ariwa wi vtrtuaßy avery II daftfcwtian is at your 1 fc^artlpfc tuy It It Find It I I23 words
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Advertisement50 2002-05-08 5 Happy Restaurant «ddj mate ootue to wAet cfoun <xfcfietit c Sum flo*4 ch a Lunch Steamboat sTj I I Steaming hot or j) 1I I IPi spicy chlcken °r KielfflUw^P sny ett >an*m 'terns Reservations: 6744 2717 Lion City Hotel 15 Taniong Katong Roact Website http www lioncityhotel com sg50 words
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Advertisement226 2002-05-08 5 ricnic Q)e/ioxe Quality Spac* for Quality Tlma Your family deserves the best in life. So do you. Introducing the luxurious 2002 Picnic Deluxe. White you've worked hard to got whore you are, your family's been a silent pillar off strength. Surely all that love, support and integrity deserves every perk226 words
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SINGAPORE markets
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Article, Illustration308 2002-05-08 6 OTHER SINGAPORE INDICES May 7 VALUE CLOSE WOMB -147.00 +142.00 ■TOM* -*****.00 +47.00 ■TlMvJM -*****.00 -15.00 454.07 -0.02 1 StMiiElid 154.52 2.22 IQrpJiiiFh 1519.20 +6.06 XEvAfastop 432.72 -2.68 WOShpfW 215.52 -0.26 WBCIFrt—» 216.40 +1.90 V-- tlijljl Urusteel 5c 78.283.CXX) AnOcean 5c 38.874.000 Roly IntUSlOc 24.049.000 Pan Cnoon 10c 21.495.000 QanMulOc308 words
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Article, Illustration706 2002-05-08 6 r. sivanitny - i i comment STOCKS r. sivanitny MARRIED deals or off-the-board trades struck between two parties, supposedly at arm's length, are often overlooked when reporting goings-on in the stock market. Yet if they involve corporate officials or relate to a potentially dilutive deal like a placement,706 words
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Article, Illustration857 2002-05-08 6 larry wee - Ilonqei^iew CURRENCIES Possibility of short-term correction, but charts point to farther slide for US dollar larry wee SELLING the US dollar on spikes has now replaced the once reliable trader mantra of buying it on dips. A month ago, this column warned that cracks had857 words
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Article2878 2002-05-08 6 UNIT TRUSTS FUNDS Oti Pan Europe Equity Fund 109 CmSelett Asia Tilt Balanced -1.29 CitiSelect Asia Tilt Growth 1241 AMAmtoMMt Mgt (S'pere) Cittelect An Tilt Enh Grth 117/ Star Europe Eqty!* 0 78/ GtiSelect Global Growth 1.0* Star Europe Bd 0.989 CitiSelect Global Income 1.12/ Star Europe Bal 0.882/ Citi2,878 words
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SINGAPORE news
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256 2002-05-08 7 Anna Teo - 3on the economy outlook By. Anna Teo HAVING raised its growth forecast for Singapore three times in the first three months of this year, Salomon Smith Barney says it is leaving its 4 per cent 2002 projection unchanged for now despite unexpectedly better256 words
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174 2002-05-08 7 JTC Corp has been appointed as an Approved-in-Prin-ciple (AIP) agency for a key incentive scheme for small and medium-sized enterprises (SMEs). The Local Enterprise Technical Assistance Scheme (Letas) is managed by Spring Singapore, or the Standards, Productivity and Innovation Board. Essentially, Letas174 words
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Article, Illustration534 2002-05-08 7 Adeline Chin - HK shaves off giant slice of mainland visitor pie Byi Adeline Chin CHINA'S week-long May Day holiday one of three holiday periods that the Chinese loosen their purse strings ended yesterday but it has not turned out to be such a treat forFILE PHOTO - 534 words
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319 2002-05-08 7 Vince Chong - PROPERTY FOCUS By' Vince Chong AMID thinning volume, caveats lodged in the first quarter of this year showed that the average price of 60year leasehold industrial property fell to $190 per sq ft, from $194 psf the previous quarter. A report by Colliers319 words
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Article215 2002-05-08 7 Andrea Tan - Byi Andrea Tan JONES Lang LaSalle director and head of auction Grace Ng has resigned from the firm and will join rival Colliers International in mid-June. National director Goh Chak Boon will take over from Ms Ng as head of auction with immediate effect.215 words
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165 2002-05-08 7 TWO Boat Quay shophouses near UOB Plaza have been put up for sale by tender, and are expected to fetch more than $4 million each. Joint marketing agent CB Richard Ellis said that the conservation shophouses at 33 and 34 Boat Quay could165 words
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Advertisement179 2002-05-08 7 introducing a new powerhouse in the world of stock trading. UHb DBS and TD Waterhouse bring you a more profitable way to trade. P i C k from stocks in Singapore, the United States, Canada, Hong Kong, Shanghai and Shenzhen. our 24-hour customer support or go online and your trade's179 words
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EDITORIAL & opinion
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Article, Illustration751 2002-05-08 8 frank ching - HTTTqf I bottom line OPINION frank ching The writer is a Hong Kong-based journalist and commentator THE long-anticipated visit by Chinese Vice-President Hu Jintao to the United States seems to have achieved its purpose: the heir apparent to President Jiang Zemin made his751 words
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Article90 2002-05-08 8 The essence of a revolutionary process, peaceful and democratic, is to give our people to all without exception, without exclusion of anyone because of class, skin colour or religious beliefs the greatest quantity of happiness possible.' Hugo Chiin president of Venezuela, on his current plans for the90 words
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Article574 2002-05-08 8 EDITORIAL Tim proposals to permit the use of HDB housing assets and CPF funds as risk capital, being studied by the Economic Review Committee's Entrepreneurship and Internationalisation subcommittee, are no doubt controversial But they are potentially very significant and merit closer examination One of574 words
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Article, Illustration891 2002-05-08 8 Yang Razali Kassim - Laudable as the new vision spelt ont for Singapore's Malay/Muslims is, they must develop a global mindset for their rightful place in the son By Yang Razali Kassim The writer is BT's regional analysis editor WHEN President George W Bush picked ColinFILE PHOTO - 891 words
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Article, Illustration890 2002-05-08 8 aid the dictatorship THE military dictators of Burma have done the right thing in freeing Aung San Suu Kyi from house arrest, but deserve no credit. Mrs Suu Kyi broke no law, had no charges against her and incited no violence. During every day of her 19 months ofREUTERS - 890 words
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MAIL bag
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255 2002-05-08 9 George Cheng Singapore - George Cheng Singapore I REFER to your full-page Budget highlights summary "Restructuring, taxes, creating jobs" (BT, May 4). Unfortunately, I belong to the 10 per cent of Singaporeans who will get only half the entitlement of Economic Restructuring Shares (ERS). I cannot255 words
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Article222 2002-05-08 9 Denis Distant Singapore - Denis Distant Singapore THE last time Singaporeans received free shares by way of distribution of the Budget surplus, their entitlement was based on type of housing they lived in, presumably on the assumption that no high income earner lives in HDB housing. Recently, there222 words
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Page 9 Advertisements
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Advertisement808 2002-05-08 9 GOODWOOD PARK HOTEL LIMITED AND ITS SUBSIDIARIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2002 1. Unaudited Profit and Loss Accounts The Group The Company 2002 2001 Change 2002 2001 Change SS'OOO SS'OOO SS'OOO SS'OOO Revenue Hotel operations 49,994 59,733808 words
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Advertisement749 2002-05-08 9 HOTEL MALAYSIA LIMITED AND ITS SUBSIDIARY (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2002 1. Unaudited Profit and Loss Accounts The Group The Company 2002 2001 Change 2002 2001 Change SS'OOO SS'OOO SS'OOO SS'OOO Revenue Investment income 11i6 02 9,335749 words
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Advertisement71 2002-05-08 9 We welcome letters. E-mail us at btfetterQsph. com.sg or fax us at 6319-8277, or write to The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate71 words
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Advertisement1649 2002-05-08 10 T "e Business Times, Wednesday, May 8. 2002 call toll-free 1800 289 8822 Email recniitso«ph.co«.« Cybenrtgst Limited I (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cybermast Limited will be I held at 627 A Aljunied1,649 words
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Advertisement1454 2002-05-08 10 LANKom ELECTRONICS LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of LANKom Electronics I imitori rttu. 0 No 2 3 L .r, 69 eTSMES nursaay, ju May 2002 at 10 00 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive1,454 words
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Advertisement109 2002-05-08 10 m THE COURT OF THE REPUBUC OF SINGAPORE Companies Winding-up No *****0 of 2002 In the Matter of the Companies Act Chapter 50 AND H the Matter of BIG LOCK UN CONSTRUCTION PTE LTD (ROC No. 19B*****0E) NOTICE OF WINDING UP ORDER In the matter of ENG LOCK HIN CONSTRUCTION109 words
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Advertisement1171 2002-05-08 10 ACMA LTD (Incorporated in the Republic of Singapore) NOTICE OF ANMIIAL GENERA! MFFTTNr. N° T,CE IS HEREBY GIVEN ,ha, ,hc Th.rrv-Wn.h Annual General Meeting of the Company will be held at the Registered Office, No 17 Jurong Pot. Road Singapore *****2, on Friday. 31 Mav 2002 at p.m. for the1,171 words
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REGIONAL news
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Article, Illustration407 2002-05-08 11 Diana Oon Abdullah - Higher sales tax, COEseenas possible measures Froml Diana Oon Abdullah in Kuala Lumpur THE introduction of nontariff measures by Malaysia to make up for lost revenue to the government post-Afta in 2005 cannot be ruled out, with some market sources hazardingTHE STAR FILE PHOTO - 407 words
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247 2002-05-08 11 KUALA LUMPUR It plans similar agreement with S'pore's Comfort Reuters MALAYSIA'S state oil company Petronas said yesterday it would introduce its natural gas-powered Enviro 2000 cars to the Philippines to promote the use of clean and cheap fuel. It also plans toReuters - 247 words
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390 2002-05-08 11 HONGKONG Dow Jones Newswires EXECUTIVES who intentionally lie to or mislead the public in listing documents or corporate announcements would face up to two years in jail or a HK$l million (*****,800) fine under new rules proposed by Hong Kong's market regulator.Dow Jones Newswires - 390 words
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244 2002-05-08 11 Eddie Toh - Prom Eddie Toh in Kuala Lumpur GOVERNMENT-OWNED United Engineers Malaysia will absorb the entire RMB.2 billion (553.9 billion) worth of bonds issued by subsidiary Projek Lebuhraya Utara Selatan (Plus) to pave the way for the listing of the highway concessionaire. Renong Bhd,244 words
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384 2002-05-08 12 Harish Mehta - Sanctions, lack of safeguards continue to make the country unattractive From. Harish Mehta m Bangkok FOREIGN companies are unlikely to scramble to invest in Myanmar because it is not a place where money can be made, and because economic sanctions against the military384 words
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381 2002-05-08 12 Diana Oon Abdullah - leading mission to boost business linkages From\ Diana Oon Abdullah in Kuala Lumpur MALAYSIA is not seeking to establish bilateral economic agreements in China the way Singapore has with Japan, but will instead seek to establish better business linkages between the two381 words
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Article, Illustration70 2002-05-08 12 [HONG KONGJ Top bidder Alice Cheng smiling proudly as she holds up a beautifully<raftedfamille rose enamelled vase with peach patterns from the Yongzheng period (1723-1735) of China's Qing Dynasty. She pipped other bidders at a Sotheby's auction in Hong Kong yesterday to clinch the vase with a topREUTERS - 70 words
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Article317 2002-05-08 12 Loh Hui Yin - SINGAPORE Hy\ Loh Hui Yin CHINA is at "possibly a very critical" stage of its industrial and structural reforms, and while there could be the occasional blip along the way, the Chinese government is bent on pressing ahead with them, says a China analyst. Ken317 words
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229 2002-05-08 12 BOMBAY Reuters Bet on India's privatisation. That's the advice of fund managers in India, where the embattled ruling coalition in New Delhi is seen making compromises on other reforms. The market agrees. Shares of state-run firms, or public sector undertakings (PSU), have beenReuters - 229 words
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NOTE Book
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Article87 2002-05-08 12 Reuters [TAIPEIJ Taiwan yesterday mapped out an ambitious, multibillion-dollar six-year development plan to boost the island's economic growth to at least 5 per cent and cu< jobless rate to below 4 per cent. Premier Yu Shyi-kun told a news conference the plan was aimed atReuters - 87 words
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98 2002-05-08 12 Bernama I j ahak i aj Indonesia is considering initiating a random inspection of goods imported from other member-countries of the Association of South-east Asian Nations to ensure they meet local content requirements set under the Asean Free Trade Area (Afta), said a seniorBernama - 98 words
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72 2002-05-08 12 Reuters [BEIJING] China has slapped a ban on cloven-hoofed animal products from South Korea after outbreaks of foot and mouth disease among pigs were discovered last week, state media said. Indonesia separately said yesterday it has also banned imports of South Korean meat andReuters - 72 words
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Article58 2002-05-08 12 AP [BANGKOK] Thai Deputy Prime Minister and Defence Minister Chavalit Yongchaiyudh was admitted to hospital yesterday after complaining of fatigue and a sore throat, an official said. A test showed an increased blood sugar level, resulting from recent poor diet and hard work, said Major IssarachaiAP - 58 words
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Article78 2002-05-08 12 Dow Jones Newswires [KUALA LUMPUR] Malaysia's DiGi Telecommunications and France's Alcatel yesterday said they have signed an agreement to jointly launch DiGi's new Mobile Intelligent Network in Malaysia In a joint statement, the companies said the network, based on Alcatel's open services platform technology, wouldDow Jones Newswires - 78 words
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Article60 2002-05-08 12 Bloomberg [HSINCHU, Taiwan] Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest maker of chips for other companies, said its board had approved an NT569.3 billion (553.6 billion) budget for expansion this year. The money will be used to increase output in the company's most advancedBloomberg - 60 words
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Article, Illustration86 2002-05-08 12 Bloomberg [HONG KONG] Hong Kong's retail sales fell in March, reversing the previous month's gain, as record unemployment and falling wages discouraged consumers from spending. Sales fell 3.6 per cent from a year earlier to HK$l5.l billion (553.5 billion), the government said. That followedBloomberg - 86 words
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Advertisement78 2002-05-08 11 t < k ROLEX Rolex presents Diana Krall June 26th 2002 8.30pm Suntec Level 6 Live In Concert Reputed as the world's finest jazz singer pianist. Her latest world's best selling album "The Look Of Love" is out now. H n ne: if 55 6416 3652 E-mail: concerts@M2us.com www.M2us.com Ticket78 words
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Advertisement549 2002-05-08 12 MM= NOTICE OF ANNUAL GENERAL MEETING r GENERAL MAGNETICS UMTED NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at its RegWeied office, 625 Lorong 4, Toa Payoh, Singapore *****9. on Friday. 24 May 2002 at 11.00 a.m., for the following purposes: AS OftOMARY549 words
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Advertisement16 2002-05-08 12 Lianhe Zaobao I Thedevi l| is in the I details I 4ki*iA±# I usayf I WRTfTttl16 words
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Advertisement114 2002-05-08 12 Since 19~5 worldwide over 275 multi-disciplined professionals m 1 f S including lawyers chartered accountants F'Wj 1 I chartered secretanes and bankers have W A provided confidential and cost effective JEL company formation in all the major low tax areas including E25E55E3 Incorporation Fees from USSSOO The world's p ull114 words
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Advertisement94 2002-05-08 12 Ford Motor Credit Company Floating Rate H>tss Dim April 26,2005 (Cmnmi Code Number: *****67 BIN No.: U*****97 RX36) (CUSIP No.: *****7 RX3) In accordance with the terms of the documents governing the above-referenced Notes, notice is hereby given that the Interest Rate per annum for the Interest Period commencing April94 words
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FOCUS currencies
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Article, Illustration638 2002-05-08 13 TOKYO But analysts say stronger yen not yet a threat to budding export-led recovery Reuters, AFP THE Japanese government's forex chief showed concern yesterday as the US dollar hit two-month lows against the yen but analysts said a stronger Japanese currency was not yet aReuters,; AFP; REUTERS - 638 words
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418 2002-05-08 13 BEIJING More flexibility needed to cope with growing trade flows Dow Jones Newswires CHINA could further liber alise its foreign exchange regime this year, analysts say, as a consensus grows that the country needs more flexibility to cope with growing trade flows. The country'sDow Jones Newswires - 418 words
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358 2002-05-08 13 ■BANGKOK Bloomberg THAILAND'S exports may be hurt if the baht continues to rise, said Commerce Minister Adisai Bodharamik after the currency climbed to a 14-month high. The baht rose 0.2 per cent to 42.89 to its highest level against the US dollar since FebBloomberg - 358 words
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Advertisement112 2002-05-08 13 One of the top Business Schools worldwide Business Week AACSB accredited 13-month program fully taught by Rutgers faculty Highly qualified faculty with doctoral degrees from Columbia, Harvard, Wharton, Princeton, NYU Eligibility min. 8 years' work experience with at least 3 years in management capacity, Bachelor's degree and GMAT RUTGERS' EMBA112 words
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Advertisement84 2002-05-08 13 MEET YOUR FUTURE NETWORK BY VISITING <a wtw TM? SINGAPORE 20 02 A A HALL 4, SINGAPORE EXPO, SINGAPORE A Jj 8 12 MAY, 200 J§l ♦8, 9 May 2002 10 am 4 pm open for business only 4 pm 9 pm open for public 1 FzjKMtiM May 2002 A84 words
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Page 13 Miscellaneous
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Miscellaneous204 2002-05-08 13 CKVPTIC CROSSWORD for him 6) cokJ sheet at sea (3, 4) YESTERDAY'S SOLUTION DOWN 8 Strangely, he endures a wife Across: 1 Smallholder, 10 1 Dramatic affairs of Sicilians for so long in Germany (3, Adapt, 11 Vancouver, 12 interest the law, possibly (3 Easterner, 13 Imran, 14 Nud7, 4)204 words
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Article, Illustration1186 2002-05-08 14 Transaction date: Mau 7 DtTERBAMM CROSS RATES D« IWS IWHs fcptali V W H Iflhth Pw. SS tmt to *1% U* Pm* USS Australia 0.847 4.486 0.589 4.018 1.198 4.216 26.444 50.001 0.686 6.917 2.054 1205 32.447 ***** 0.973 5.633 0456 18 660 ***** 0J68 0341 Canada IW 5.2971,186 words
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WORLD news
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637 2002-05-08 14 LATEST US INDICATORS Unit labour costs fall at 5.4% rate, largest decline since Q2 '83 Bloomberg. Reuters [WASHINGTON] US productivity grew in the first three months of 2002 at the fastest pace in almost two decades as companies operated with leanerBloomberg.; Reuters - 637 words
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WORLD Watch
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63 2002-05-08 14 Bloomberg [SEOUL] South Korea's central bank unexpectedly raised interest rates by a quarter percentage point to stem inflation and consumer debt, becoming the first in Asia to increase borrowing costs. Stocks and bonds fell after the Bank of Korea raised the overnightBloomberg - 63 words
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Article58 2002-05-08 14 Reuters [LONDON] Gold jumped to its highest in more than two years yesterday as the US dollar floundered and the outlook for equity markets appeared grim, sending investors scrambling for a haven for their cash. Gold touched U*****.65 a troy ounce in European trading toReuters - 58 words
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88 2002-05-08 14 AFP [SAN FRANCISCO] Database software giant Oracle is being besieged by scandal and reports that it is losing its lead to tech giant IBM. According to a Gartner Dataquest study, IBM has assumed the lead in the database market. A Gartner source said IBM'sAFP - 88 words
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108 2002-05-08 14 Reuters [NEW YORK] TRW Inc, a defence and car parts company, on Monday ended weeks of acrimony with hostile bidder Northrop Grumman Corp, by agreeing to share confidential information with Northrop that could result in a final takeover bid. Northrop, whose US$6.7 billionReuters - 108 words
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460 2002-05-08 15 STRUCT UNDER SCRUTINY Criminal charges could result in downgrades, says Moody's Reuters [NEW YORK] Merrill Lynch Co and other Wall Street banks could see their credit ratings fall if they were hit by criminal charges of biased and overly bullish stock research,Reuters - 460 words
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Article, Illustration289 2002-05-08 15 NEW YORK Bloomberg NEW York Stock Exchange chairman Richard Grasso called New York AttorneyGeneral Eliot Spitzer last Friday to offer help in resolving the prosecutor's probe into how Merrill Lynch Co's conflicts of interest affected research, an NYSE spokesman said on Monday.Bloomberg - 289 words
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243 2002-05-08 15 m WASHINGTON It hopes to pat ont a proposal within several weeks Dow Jones Newswires THE Securities and Exchange Commission (SEC) may consider requiring corporations to quickly report certain financial events, a senior agency official said on Monday. "I'm hoping we have a proposal availableDow Jones Newswires - 243 words
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Article, Illustration347 2002-05-08 15 Reuters SECURITIES and Exchange Commission chairman Harvey Pitt, a top US markets regulator, was in ethical hot water on Monday over a meeting with the head of an accounting firm under SEC investigation. On April 26, Mr Pitt met with the headReuters; REUTERS FILE PHOTO - 347 words
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Article, Illustration269 2002-05-08 17 NEW YORK Investors flee after price dips below key US$BO level Reuters INTERNATIONAL Business Machines Corp shares dropped sharply on Monday to their lowest level in almost four years, as already jittery investors unloaded IBM after the stock dipped below the psychologically keyReuters; Source: Bloomberg - 269 words
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Article, Illustration300 2002-05-08 17 NEW YORK Aaatysts alstdte jitters mr firm's prtAt margins Dow Jones Newswires LINGERING nervousness about the resignation last week of Sun Microsystems Inc's president and chief operating officer pushed Sun shares down by a farther 10 per cent lower on Monday. "I thinkDow Jones Newswires - 300 words
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287 2002-05-08 17 TOKYO Bloomberg JAPAN doesn't plan a third bailout of its banks, the nation's top financial regulator said, as the lenders prepared to post another round of multibUlion dollar losses. Japan's top seven banks, including Mizuho Holdings Inc and Sumitomo Mitsui Banking Corp, expectBloomberg - 287 words
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Article1635 2002-05-08 14 siCOM ruru«ES May 7 RUBBER Futures (Ooang prices) RSS Ifl cents/kg) dose Votame Om H»# jf» Sett (touts) hrterest J«n 02 121.75 Jul 02 ***** Aug 02 12L25 Sep 02 121.25 RSS 3 (US centVkq} VolMM Opcfl Mowtt> {*•>» Low Sett (tomwi) Nrterest Jw 02 1 1 6625 *001,635 words
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Page 15 Advertisements
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Advertisement250 2002-05-08 15 Where to wine, dine and entertain... by-' M&jOt A World of Exclusive Privileges Treats —www.diners.conLsg "JfemmflMf Mother's Day Weekend High Tcaj| Dinner Buffet $14.80*jtm*\0.0a*** (dMW4~U years) •Buffet Dinner 6.30tm~ 10.00pm $15.80**» (adult) $12.00+** (chMd 4 12 years) In celebration of Another's Day all mothers will receive a mini gift box250 words
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Advertisement129 2002-05-08 15 3" 1 -19* May 2002 Get a chance to »in airline tickets to Langkawi when you dine on Peranakan cuisine at Cafe Vic. Buffet Lunch (Man Fri) Buffer Dinner (Mon Sun) 12.00pm 2.50 6pm 10.10pm *24.80 (Adult) 132.80 (Adult) 512.40 (Child) $16 40 (Child) I'.nluMvc 1 SV« discount for Diner*129 words
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Advertisement192 2002-05-08 15 Join us and embark on a culinary tour of the best of Australian, showcasing produce from the State of Victoria Dishes such as Lamb Cutlets. Roast Pheasant as well as Grain-fed Ribeye and Striploin of Beef barbecued to tender succulence and many more will be featured. A fine selection of192 words
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Advertisement79 2002-05-08 15 (OFFICE/WAREHOUSING/DISTRIBUTION/ f Tel: 6344 2002 or visit our sales office. I 53 Übi Avenue 1 #01-11 INDUSTRIAL PARK /it.*** I I Spring Court 1 OS9 TV Oldest USI/ Chinese Restaurant in X. Singapore since 1929. 73 Anniversary Special PEKING PUCK Biwififys rm i ivy n U Umited to one per79 words
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Advertisement163 2002-05-08 15 1. w u Aialacca Food Deligfits. 3-12 MAY 2002 Buffet Lunch: 12.00 noon to 5-00 pm Week/Up: $22.80*-* *(Adult) $14.80***(Chtld) Weekends. $23.80** *(Adult) $15.80***(ChUd) Buffet Dinner 6.30 pm to 9.30 pm Weekdays: $27.80* (Adult) $19.80* **(CMd) Weekends. $28 80* (Adult) $20 80* *(Chtld) Far reservations, please call 6831 6286/88. Coapnnm163 words
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Article2185 2002-05-08 16 Transaction date: May 7 KUALA LUMPUR -uo 2 Vol FW Industries— .3.33 0.01 9 m w- cmm &4d 1 9 150 001 si Gamuda MS 010 1591 A A M Realty 132 007 129 GanadCorp 102 -001 9 Abric 1.91 -001 49 GanzTedl 1.32 i*xti o ACP Industries 3.522,185 words
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Article547 2002-05-08 16 Transaction date: May 7 n f I'M 1 Or p CMC %m USD *0.1)0 rwHiil JO. an OpMM US 1JH -OAK OCK <M Otvt SaatCond He 1M iM 0000 OU( £S iiS* Car Dm 2J0 UOO M.H& S» iiS OMtoTS Ml MOD -OJOO SmT O ?«2 OOSOfo 1J.7* 1UOO547 words
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Article441 2002-05-08 16 BONDS WARRANTS fc. *SC *3& cmm—. Ma t^> A5T1*®«0t21 27 2 1 It t 130 25 05 1 50 430 133 «5 ,3 149 n 2 1>47 37 Am«trongW*****0 45 1 10 2« WoodPV*n207,2 05 1 1« MO ,r* 0«t«SA*****1 10k m 1100 2 kar 6 5*******1 10k -II*""" known441 words
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Article4356 2002-05-08 16 Transaction date: May 7 for more, go to iwwxisiaonenrnarlcetsxorn I HONG KONG kgm*. at? 0.05 *****6 1W mterctwM Htdgs 035 002 3450 W Interform Centra 0.02 inch ***** AoossAsm Multimedia 0.25 0.02 2 SegentGroiJj'* 029 003 2?S AJph.G«r- 004 unch ***** «S W 305 0J0 5125 Aangsu Express4,356 words
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Page 16 Advertisements
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Advertisement9 2002-05-08 16 ■0-0' 4& I A (k'i.X sone ond oil. JIL9 words
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Article5627 2002-05-08 17 Transaction date: May 7 for live prices, log on to ivu r wxisiaonemarkeLs£om l"t M IMV UMQmM fittt* Ot» CfTM MM MCaa aruwg i* w- rw w» m s«b» ev m U 9 C ABHAmroNLG 56c 9 12 34 111 22-5 85 c ACE Cymr*cs20c 17.5 16.5 17.55,627 words
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Article59 2002-05-08 17 M*"lL l——«» M> mm MK. wia*( "P cinmi rmm u» «■>» cw »t >3 n*0 40 s Diamonds tiooo MSO »30 s RDJUSTech UMS10 4570 4(10 .11* S75 440 1 IS MSO Spore US575 1M» *70 s ISS4PS00 US 11 MO ngso U150 WSO s y>04B US***** IBS59 words
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Article1615 2002-05-08 17 HmTw S r!l "i"* if?** GltM MC« Wtto, "T >— f'JUi 5d» W- pooot I—I Iw Mil CV Ht fc3 w3 2! !i C tK^'* ,t 5 1,4 19 357 II 2c Ji C 22td '2 22 21.5 21.5 22 5 115 1.1 93 193 22 •55 271,615 words
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Article397 2002-05-08 17 V* U* Vrt 1% Last Quote CrtMo IN* GrYM M*t MCjb tww W- W L— tmrm »)■> Cw m VJ 110 60 AVJenningsA2Sc A 94 93 9« 5 40 34 106 5.5 2023 Cittay P* 20c HK. 720 265 2.1 7.4 6 *****2 Owung KongSOc MK 1700 240397 words
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FORMULA ONE
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Article, Illustration1085 2002-05-08 18 HEIKE HEINTZSCH - The Formula One World Championship becomes a family affair when Michael and Ralf hit the bitumen. HEBE BEDTRSCB talks to M J Shumacher and Shumacher AI HEIKE HEINTZSCH The writer is a freelance journalist specialising in motor sports. She also prepares motorsports press releasesPHOTOS BY DANIEL REINHARD - 1,085 words
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773 2002-05-08 18 Jackie Stewart advises the dominant German to think carefully about his F1 future Reuters [LONDON] Michael Schumacher should think carefully about how long he remains in Formula One, says former champion Jackie Stewart. The German is heading for a recordequalling fifth championship inReuters - 773 words
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PIT Stop
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137 2002-05-08 18 TAKUMA Sato's stated ambition is to get as dose as possible to team mate Giancarlo Fisicbella on the track this season. "Everybody knows he is quick," the 25-year-old Sato said at tiie Spanish Grand Prix, a race that left his Jordan team still137 words
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Article112 2002-05-08 18 FERRARI'S Rubens Barrichelk) believes it is only a matter of time before his luck turns and he en)oyB some of team mate Michael Schumacher's success. The Brazilian's run of bad luck contrasted with four-time Formula One world champion Schumacher's triumph in Spain. Barrichello's car broke112 words
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166 2002-05-08 18 KIRCH S creditor banks could reclaim the indebted media group's majority stake in Formula One by the end of June, Reuters reported the chief executive of Bavarian bank BayernLß as having said. Werner Schmidt told reporters that he valued the Formula One business166 words
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161 2002-05-08 18 Christopher Tan - C Christopher Tan iuylti a pians to give us-Dasea Brazilian drivers, Crlstiano da Matta and Hello Castronevee, Formula One tests this year, sources at the German-baaed team told Reuters. However, dates and locations for the sessions have yet to be decided. Autosport magazine reported161 words
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BT motoring
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650 2002-05-08 19 Christopher Tan - That will discourage early scrappage, but won't hurt resale value of cars on the road now Reports by Christopher Tan Depreciation of cars bought under the new vehicular tax regime will be on average steeper by 10 per cent a year, motor traders650 words
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264 2002-05-08 19 OWNERS of environmental-ly-friendlier cars will continue to enjoy rebates introduced two years ago, but the vehicular tax reform announced in the Budget spells out new, albeit modest, benefits. Road tax for cars powered by natural gas will be based on engine capacity, just264 words
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Article, Illustration485 2002-05-08 19 christopher tan - [•Eflsl track christopher tan GOING by an online poll conducted by the Land Transport Authority, Singaporeans are not exactly thrilled by the new vehicular tax regime. But the changes aside, it is actually a good time to go shopping now. As485 words
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BUMPER to BUMPER
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86 2002-05-08 19 THE Traffic Police has stepped up enforcement of rear seat-belt rules. All rear passengers must buckle up and children below eight must be in child seats. Offences attract a $120 fine and three demerit points for the driver and $120 fines for passengers. Maximum86 words
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Article143 2002-05-08 19 FORD Motor will this week urge investors to reject attempts by disaffected shareholders to dilute the power of the Ford family, which controls almost 40 per cent of the world's carmaker. The Financial Times reported thatßboard meeting this week timed to coincide with lord's annual143 words
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154 2002-05-08 19 wukljj vehicle sales, which wotdd undergo two more years of decline before recovering in 2004, are likely to experience a period of strong growth between 2005 and 2010, according to consultancy autoPOLIS. Sales will hit 55.04 million units in 2005, equalling the154 words
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134 2002-05-08 19 FIAT SpA is to see US$4 billion of savings over the next three years, in part because of accelerated plans for a restructuring and disposal programme, according to the Financial Times. The report quotes chairman Paolo Fresco as saying the moves would address continuing134 words
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Article127 2002-05-08 19 VOLKSWAGEN is maintaining its fbll-year profit forecast despite reporting a 20 per cent drop in pre-tax profits in the first three months, according to the Financial Times. The group, which surprised investors when it forecast flat full-year profits in March, said it had clear indications127 words
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Article118 2002-05-08 19 Christopher Tan - Compiled by Christopher Tan A SOUTH Texas court has ordered Goodyear Tire Rubber Co, the largest US tyremaker, to pay U5536.9 million to the family of a man who died from injuries in a traffic accident caused by tyre damage, reported the Financial Times. The118 words
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Article, Illustration318 2002-05-08 19 Gronp exploring options in making light aircraft TOYOTA Motor is looking seriously at entering the aviation business, admits honorary chairman Shoichiro Toyoda. Mr Toyoda, in Singapore for a rare visit last week, told BT that the company his father founded was exploring the viabilityFILE PHOTO - 318 words
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Page 19 Advertisements
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Advertisement13 2002-05-08 19 For the latest open martet value nrtes off passengßr care, go to http^/app.ißteniet«Dv^g/tcrl|ils/lta/3_2_oMV^sp13 words
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Advertisement1824 2002-05-08 19 A ARMSTRONG MDUSTRIAL CORPORATION UMITED (Incorporated in Singapore) 531 Bukit Bate* Street 23 Singapore *****7 NOTICE 6 HEREBY GWBI that an Extraordnary General Meeting ("EfiM") of ARMSTRONG HOUSTRML CORPORATION LMTG) (to "Ccmxny") r* 6 1 11 "'P 1 ft Bl **Sbod 2*Smgapore *****7 an 50 May 2002 d 2.30 p1,824 words
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FOCUS enterprise
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Article, Illustration1073 2002-05-08 20 GRACE TAN - The founders of sensor design start-up Intelligent Micro Devices tell orach tax about sacrifices they make as entrepreneurs GRACE TAN ZHENG Zheng de clares that entrepre neurs are eithei single, divorced 01 married with a verj good wife. Indeed, the chief executive off! cerARTHUR LEE - 1,073 words
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Article598 2002-05-08 20 IT is often assumed that entrepreneurs are self-made men or women. But the partners of Intelligent Micro Devices (IMD) would quibble with that assumption. Belief in oneself and favourable market forces do not a successful start-up make. The two men admit freely that the company598 words
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Page 20 Advertisements
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Advertisement24 2002-05-08 20 Protecting egg shells with diamonds? II II HmHHHHhH II ■ffIffISHSBBHH ii V I I M—— One company cracked the problem and made millions. HHBjH^B24 words
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PERSONAL investment
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573 2002-05-08 21 Genevieve Cua - By Genevieve Cua IF YOU'VE not been convinced by arguments to put aside savings in the Supplementary Retirement Scheme in the past, you'd be even less convinced once the new personal income tax rates go into effect. Whether you're in the high573 words
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968 2002-05-08 21 Robert Halili - il»]3 markets By Robert Halili The writer is managing director of Asia Insider. He is assisted by Ngia Soon Choi ALTHOUGH the local market had a good start after the Labour Day break, the unexciting Singapore Budget, and unexpected announcement by the Exchange968 words
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Page 21 Advertisements
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Advertisement547 2002-05-08 21 PSL Holdings Limited __NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of PSL HOLDINGS LIMITED ("the Company") will be held at 58 Sungei Kadut Drive. Singapore *****2 on Friday, 24 May 2002 at 10.00 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To547 words
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Advertisement254 2002-05-08 21 "lypiß- Q: Every client is different. Is every strategy? xere 15 no 01X6 f OT investing. Today the possibilities are enormous, especially when you factor in the global side of the Q: Why should a wealthy person choose The Citigroup Private Bank? a bull market, success is relatively easy 1254 words
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EXECUTIVE money
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Article, Illustration1069 2002-05-08 22 GENEVIEVE CUA - Smart stock-picking alone won't do the magic, Pheim CEO Tan Chong Koay tells GENEVIEVE CUA GENEVIEVE CUA YOU'RE often told that no one can time markets consistently. Fund managers, it is said, should not try to time markets, as while they can sometimes pull it off1,069 words
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Article, Illustration466 2002-05-08 22 Genevieve Cua - -By Genevieve Cua SHARES are a good long-term investment, says Tan Chong Koay of Pheim Asset Management, but only if you have the stamina to stay invested for three to five years. If you're picking stocks yourself, go for companies with low gearing, a very466 words
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Page 22 Advertisements
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Advertisement174 2002-05-08 22 Henderson reve3ls why a balanced investment portfolio is as important as a balanced diet. introducing the Henderson Global Balanced Fund f Skn essential ingredient for a healthy portfolio. Henderson Global Balanced Fund is more than taduded PROFIT FROM OUR GLOBAL STRENGTH I Under J balancing act. It provides a solid174 words
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SHIPPING TIMES
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Article, Illustration703 2002-05-08 23 Beth Jinks - S'poreport operator's interest welcomed by many: Antwerp unionist By] Beth Jinks [SINGAPORE] PSA Corporation's acquisition of a majority stake in Belgium's terminals has been welcomed by a leading unionist and environmentalist, who says the investment and expertise will save jobs and possibly703 words
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Article252 2002-05-08 23 ■■r.'m H <m CWT Distribution—0.84 unch 30 Chuan Hup 0.43 0.01 450 Co*co In vastmant —0.23 0.01 196 Fralght Links 0.06 unch 5 OB nMdinqs 0.77 unch 15 IMC HoMngs-HK —5.60 unch 0 Java HokJwxji 0-26 0.01 3743 KappalCorp unch 810 KappalMarlna 0.19 unch 1562 Kappa<7a«a 1.04 unch252 words
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Article, Illustration79 2002-05-08 23 [DHAKA] The wreckage of a capsized ferry is salvaged after three days from the Megna river, 65 kilometres south-east of capital Dhaka Bangladesh. Rescuers on Monday found 222 more bodies from the wreckage of the ferry three days after it sank in a rainstorm in south-easternAP - 79 words
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487 2002-05-08 23 Lack of money behind cutback Reuters [SAN FRANCISCO] The US Coast Guard, after beefing up security at the country's ports within hours of the Sept 11 attacks on the United States, said it began last week to cut back its "sea marshal" forcesReuters - 487 words
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Article, Illustration417 2002-05-08 23 Donald Urquhart - CEO expects trade to make up 40% of Asia-Pac business By Donald Urquhart [SINGAPORE] Intra-Asian trade will form the backbone of Danzas-AEl's AsiaPacific division's business within three to five years, contributing up to 40 per cent of its business, said its Asia-Pacific CEO. Speaking417 words
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297 2002-05-08 23 George Joseph - Byi George Joseph [SINGAPORE] A large Shell wharf at the refinery Island of Pulau Bukom was extensively damaged late Monday night when a Dutch-registered dredger ran into it after its engine failed. The incident caused minor pollution when some oil leaked297 words
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245 2002-05-08 23 [SINGAPORE] More shipping personnel can now receive real-time information on ship-related matters from anywhere and at anytime through handphones and memo pagers. Subscribers to the Maritime and Port Authority of Singapore's e-Commerce system, Marinet, will have access to two new recently launched services called,245 words
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Article, Illustration771 2002-05-08 24 David Hughes - STRAIT TALK -By] David Hughes PICKING up the pieces after fraudsters have been at work takes up all of Pottengal Mukundan's time. He is the head of the International Maritime Bureau (1MB), a specialist agency of the International Chamber of Commerce (ICC),FILE PHOTO - 771 words
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Article207 2002-05-08 24 FACE Omartrans < Avant 10 C Link K B'tang Mas 5 Glory "a* K BSA fc Hangli 4 BSC 10 H«nburq Sud BTL K> S CMACGM 3 Heung-A 3 COSCO 3 HuMJne 1C Central E* 4 HUAL K Chahaya )0 Hyundai 4 China Shpq 5 II Cont207 words
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Article14222 2002-05-08 28 THEBUSINESSTIMES EXPORT tiA cia Aaverrtser VMM Voyage THepftone ETA ETA Advertiser Vessel Voyege Telephone Hm Numbar Numbar SIN Dajt'n Nam* Nam* Numbar Numbar 08/06 30/04 UASC ABU DHABI C193W 65******10 To ABIDJAN (ABJ) 2003 Cot* D'lvolre To ANTOfAGASTA (ANF) 2018 Chile IV05 05/06 MOL MOL VOLTA 3306A 65******8614,222 words
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SHIPS IN PORT
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Article599 2002-05-08 33 VoyNo hftl, Arrival Depart Jn|M ,T S*™* »502 J01 07/05/130 07/05/20 CW C 2 «A* J03 07AH/»25 08/05/5:1 W1 SIA 2SS02 JQ) O7/0S/KM0 07/05/22 IIC SEP AM T ***** JOI 0T/05/BJ0 07/05/23 T U ***** JOI 07/05/12:00 07/05/23 UK* 2201 JM 07/05/1230 08/05/12' S SAKTI J***** J02599 words
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Article1187 2002-05-08 33 ggMMS Of EKPOKT rg COHTAMC1S AMP LCt CAKO irntHulilHii I Mb £ttt/ltr taW Fran T» Frow J •uiumi (tm imd u or/not vm» m/m m ;■•«>•> r"W0C I* m/M gum a or/rao mm mmm WIH> MflBI WW fl^MSI winco nm» p/roo -vv arnbe u www vmm «m U1,187 words
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Article359 2002-05-08 33 M-2 E2Z, J" 0 "M 0.4 100 046 S3 044 atwltr —tor IwMw AWAHwHHwi i«fc«l Ho Mow E25 0 0 2 0 0 0 MM 300 Aw *75 02 MJ 045 25 042 u/im «.ia JS 3,0 WU 00 049 SO 044 %1/ %M> No An*359 words
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Article176 2002-05-08 33 May 8 France: Remembrance Day (W 1 2)MayO Belgium: Ascension Day France: Ascension Day Germany: Ascension Day Indonesia: Ascension Day Norway: Ascension Day Sweden: Ascension Day Switzerland: Ascension Day M*y 17 Norway: Constitution Day May 10 Norway: Whit Sunday South Korea: Buddha's Birthday Sweden: Whit SundayMay 20 Canada:176 words
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Article791 2002-05-08 33 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 average sized stem Market movements are indi cated The Cockett Bunker Price Index change791 words
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AIR & LAND transport
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488 2002-05-08 34 Carrier unfairly tried to drive rivals out of business on domestic route: antitrust watchdog Bloomberg [SYDNEY] Qantas Airways, which has 85 per cent of Australia's airline market, is being sued by the antitrust regulator after Virgin Blue Airlines accused it of unfairly tryingBloomberg - 488 words
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Article, Illustration51 2002-05-08 34 [BERLIN] Visitors of the International Space Flight and Aviation Exhibition (ILA) look at the mammoth 'Beluga' transport plane of Airbus company at Schoenefeld airport near Berlin. About I,oooexhibitors from 40 countries are presenting their latest products and planes at the show at Schoenefeld airport which opened on Monday.AFP - 51 words
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Article, Illustration281 2002-05-08 34 Govt to match BAA's £50m off en report Reuters [LONDON] British airports operator BAA pic is set to offer Britain's cash-strapped air traffic controller £50 million ($73 million) of funding later this month, the Guardian newspaper reported yesterday. The paper said theReuters; REUTERS - 281 words
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341 2002-05-08 34 Any increase will discourage air travel, they say Bloomberg [WASHINGTON] Major US air carriers are trying to head off any attempt by Congress to increase the airline security fees charged to passengers, saying the move would discourage air travel. The tradeBloomberg - 341 words
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128 2002-05-08 34 AP [NEW ORLEANS] A man carried two loaded handguns through a security checkpoint at Louis Armstrong International Airport on Monday but was arrested after a random check before he boarded a flight to Los Angeles. FBI special agent Julian Gonzales said the semiautomatic handguns wereAP - 128 words
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LOG Book
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Article86 2002-05-08 34 Bloomberg [CHICAGO] UAL Carp's United Airlines must pay flight attendants US$B.BO million fix* a contract violation related to the company's 1992 purchase of commuter carrier Air Wisconsin, the workers' union said. The Association of Flight Attendants first woo a ruling on the issue in 1988,Bloomberg - 86 words
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Article55 2002-05-08 34 Oana-Xinhua [XTAN] China Northwestern Airlines has added two new routes to Japan, bringing the company's total number of international routes to ten. China Northwest now operates 26 return flights to Japan each week, putting it up among Chinese airlines with the most flights to Japanese cities,Oana-Xinhua - 55 words
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Article91 2002-05-08 34 Dow Jones BANGKOK Thailand's low-coet carrier Air Andaman plans to list on the stock market in the next three years, the Bangkok Post reports. The newspaper quotes company marketing director Shane Chumintarachak as saying Air Andaman hopes to be listed either on the main board, theDow Jones - 91 words
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Article1701 2002-05-08 34 on maw m maw n» ****** sh w<57s 2305 mm iwrn ae S***** ess sozooe zaos S0230 XS IA73S8 M20 1X9763 2350 AMtttrttm S023 0605 HUM 2225 V ""T* um «2S UM7 610 NMwM WW wa WW w» ■tllWiil MOO OSB fMiptw S0803 M50 C2352 0M)1,701 words
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238 2002-05-08 34 Reuters [TOKYO] Japan's Skymark Airlines will soon enter the international air travel market with the launch of charter flights between Tokyo and Seoul, possibly as early as this summer, Kyodo news agency said. The launch of the service will mark the first attempt by aReuters - 238 words
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Page 23 Advertisements
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Advertisement9 2002-05-08 23 The freight market waaeloaedan Mondav for Hay Bank holiday9 words
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Advertisement26 2002-05-08 23 Ij i.ViiVli Learn how to reduce risk of fraud Qantas sued by regulator after Virgin Blue complaint US airlines oppose Congress move to raise security fees26 words
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Page 24 Advertisements
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Advertisement625 2002-05-08 24 I TO USA!CANADA I BCPOKT I I OTHCtt DEMTMATtONS I Iwga I W| HB mnitm*iu r u^f|FW| —I ooamrrott 22fi» o;/os m/os 74/05 21/05 20/05 20/05 n/K oi/m =5= m I mn .s OOQMfM 5*20 IVOS IS/05 31/05 MAM 05AM 05AM 05AM OM4 ET g I W tit 1 Ml625 words
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Advertisement93 2002-05-08 24 WORLDGATE EXPRESS LINES PTE LTD 7t\ I ®o, Cacß Street, #Ifro3K>4, Bangkok Bank BuiMktg, S*pov» *****6 tlr X Tel: *****911 Fp: Envtil: »o«ee,nbo*2.,(ng™ico m .9 WEBSITE: http J/www. wortdgate. com. sg WEEKLY FCL LCL SERVICE TO FOLLOWING PORTS iMCTHgTttn Mi iMfctttT ar~i —mrnmmit «T" assg ME====PHE KA CHtTIAGOWG/DHAU 1(^05 2unm«93 words
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Advertisement569 2002-05-08 24 L*** s«rv>ces represented by Members of rf* Registry of Members of the ffiSSr-V Accredited Shipping Agents. Singapore Logistics Singapore Shipping Association Association g UUT UNi MALI VESSEL VOT EU EU EU f.num SPOKE MAU Empress Lity 0302 16/05 17/05 25/05 Princess U*y 0502 05/06 06/06 14/06 Empress Lily 0402 17/06569 words
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Advertisement1082 2002-05-08 25 TO EUROPE ROM EUROPE rasa voir aw tm m ham mv sou ibi vtssa |wr n mi iw n sou im m AfISAMMVX IMW 10/65 11/ M 21/ M 30/05 17/05 API AGAR IMI 21/ M 10/ M n/MH/M M/M Kxransn taw 10/05 */w 21/05 31/05 01/* munMnaui an»/w n/u1,082 words
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Advertisement993 2002-05-08 27 [VISSB. VOY KHH HKO I SIN PKL PX» NAN DMM UK MV UNDAVIA PCL-258 06/05 ON/05 12/05 13/05 20/05 21/05 23/05 25/05 ■ANKKMAN PCI-259 13/05 15/05 l»/05 19/05 26/05 27/05 29/05 31/05 ■AN ISFAHAN Kl-260 20/05 22/05 25/05 26/05 02/06 03/06 05/06 07/06 ■ANHOKMOZOAN PCL-261 27/05 29/05 01/06 02/06 09/06993 words
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Advertisement85 2002-05-08 31 KALIMANTAN 1 MMCT WEEKLY SERVICE TO 1 JAKARTA PAUJMANC DOMAJ I I *n I«■ «t \rum EwuT' uawai H/w H/n Tun ii/iT i ggj "tw—'htb —Tsjn uomwi 17/H p*/W~"H7B H7B"| SURAIAYA/PANJANG fa" l fa i sw i sw rm Icj mt* |>s/w w/ts m/is i i/is I I PttAWAMC/PKAM lARU85 words
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Advertisement631 2002-05-08 32 rami Bm.TOBB ncasmn »7» im/05 i7ii*s 2425*5 I n6aisu«o i/ut 14-15/05 2123/05 3*31*5 I TI6BWII 1771 1711/05 2424/05 31-01/04 I TIMSEA MM 2122/05 2130*5 04-05/0* I __n6asHjUoi i/w 7425*5 31 wot 0741/04 I IVKSfI VOT s» CAL^^SB^R BBIHW 335 ofips *****65 *****5 I neaslM *****1 15-14/05 74 74/05 044)5/04 I631 words
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Advertisement725 2002-05-08 32 ""A"* WY PORT KLANG OfTUGONG MM iu no m no iw no >M 024 SAI 11/05 12/05 13/05 ~14/tS iUK~ OC HONOUR 07*034 MOM 13/05 IVOS il/OS 7J/05 O*M42 mu 14/05 TT7»S 17/05 ~WH 2V05 QtHAI 41R120 iU 10/05 H/05 H/05 24/05 n/05 22/05 24/05 10/05 31/05 9VU\ FREIGHY LINKS725 words
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Advertisement61 2002-05-08 32 CONFER (S.EJL) ZgJ SHIPPING PTE LTD TEL: *****868 FAX: *****245 DIRECT CONVENTIONAL SERVICE TO CHITTAGONG VESSEL sin ctg EMERALD 15-17 MAY 20-25 MAY DIRECT FCL/LCUCONVENTIOMAL MR VICES TOsInctan SU>Cor**r« C*nM, Ba-tav K—rt» OMtoOa Tutoonr Cactw F«Ej« HoOtlMi Hachong Honpmng Mania Bumt FCL/LCL lanHm T« A«alra»a Metocxxna ®WP* ?*»*>«• ftovtiMn Hvrtug61 words
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Advertisement873 2002-05-08 32 I /dl. |PDZ LINES CHW aw is/is aa jm io/os awoq tm 14/05 asum 2010 n/os mtm wis wm asm 72M i»/o$ guoo n»i iy/05 asooM ras u/m «jj au; 14/05 vwavm mTH/m 6HW 2120 22/ os aa tiw iyas «sm«" mi n/ts twoa nay 25/45 afii SlTwe tttWH 2245873 words
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Advertisement156 2002-05-08 32 I ft IffMBM "P I*l si [<!«•" *»"iifo'"B UEAKBUUC A CONVENTIONAL SERVICE MRECT SBVKE ROM S'PORC TO KAJIACHI [rasa 1 yaita mawwn tn munn I Imam I mm m/bszb n/wr I 170W IVtlt/B ik/U/Vt SEA-PAC MANAGEMENT PIE. LTD. 70 Aneon Road #17-07/00 Apn Tmw, Telephone: *270 0977 \B Fn«inJ»: 6273156 words
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Page 33 Miscellaneous
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Miscellaneous118 2002-05-08 33 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Showers Rain emperature Cp/ Wind direction and speed in knots Cloudy Day Weather U X Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds Slight, < 1.2 m j—-One half fleche represents 5118 words
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