The Business Times, 9 May 2002

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL24451
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 010/03/2002 85C SINGAPORE Internet: http://business-times.asial .com.sg THURSDAY, MAY 9, 2002
    15 words
  • Article
    Lock icon MARKET SUMMARY
    75 1 HI U3M3 (+14.45) Plstimbsxfotoibb U 1,139 (+10.00) fl smaa puttoeb USflJi (+0.40) rocs awn nous Wednesday Change KLSE COMP TU.il +454 NIKKEI m _J 1,629.76_+2R71 HANOSENG 11.76&31 -27.67 SET INDEX ***** +7.83 JAKARTA OOMP -547.74 >186 MANILA OOMP .*****9 +1J6 TAIPEI WP! £.711.53 +47.66 SEOUL COMP ***** +18J3
    75 words
  • Article
    Lock icon FINANCE
    70 1 FOBEX RATES USI s$ US$ (S$ per l"S$) 1.808 £(USS/SS per St) 1.462 1646 EUR0(US8/S$/E). 0110 1.647 DM 1216 1225 YEN 128.4 71.0 KM 1800 110 HXS 7.800 4110 BAHT 4192 2172 RUPIAH 1296 6,137 nnBIATBB SWOAPOKE* us KUALA LUMPUR CM BONO KONG |.I» JAKAHTA SJ» TAIPH im TOKYO
    70 words
  • Article, Illustration
    Lock icon SingTel had sought $5-$6b compensation
    711 1  -  Telco accepted $1.5b after IDA's 'extreme pressure', says QC for Sing Tel By. Angela Tan SINGAPORE Telecommunications had originally sought a $5-$6 billion compensation from the government in 1996 for the early loss of its monopoly, but accepted the $1.5 billion compensation after "extreme pressure",
    711 words
  • Article, Illustration
    Lock icon Pricing and services reviewed constantly: PSA
    643 1  -  From Beth Jinks in Antwerp "YOU win some, you lose some" that's how PSA Corp's new group president Ng Chee Keong sees the growing regional container port competition. But competition for transhipment volumes has always existed, Mr Ng told reporters in Antwerp. "On the
    643 words
  • Article
    Lock icon WizOffice to buy investment bank for $80m
    484 1  -  Payment with new shares will give Japan Asia owners majority stake in S'pore firm By 1 Tang Weng Fai [SINGAPORE] WizOfflce.com Ltd yesterday said it has signed an $80 million deal that would propel the former stationery company into the financial services industry.
    484 words
  • Article
    Lock icon KL lifts bumi rule for troubled firms
    502 1  -  Ownership ratio waived for MNC asset injections in reverse takeovers From] Eddie Toh in Kuala Lumpur MALAYSIA will now allow unlisted multinational companies in the country to inject their assets into almost 100 distressed KL-listed companies without the need to comply with the
    502 words
  • Article
    Lock icon US stocks surgeon Cisco profits
    84 1 Bloomberg [NEW YORK] US stocks surged to their biggest advance in seven months after Cisco Systems Inc reported earnings that beat forecasts. By noon yesterday, the Standard Poor's 500 Index gained 31.55 points, or 3.01 per cent to 1,081.04 points. Technology shares such as Cisco
    Bloomberg  -  84 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      101 1 nWBPB BT Comment Penny stocks falter as Dayen retreats *g4 Top stories ING to shift G7 forex trading to NmxtPmgm Asia Global to absorb Star Hub JV. P** S'pore will gain from ThaHancfs Kra Canal. Pw 11 Global investors renew interest in Indon companies. Pg 12 Easing of rules on
      101 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      26 1 PSA IPO is offfor immediate future, Next Page PSA helped boost Q1 volume at Belgian terminal, Shipping Times Pgl Kgnnetn Jamos BfiSffl comes the hard pari
      26 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      51 1 Kwek vs Kwee B V LG A R I < <» I M!'( > \< \\< M I i i i W I I I I' s r ih i t <i ina </ 11 a S|n••,| > I < 1 II !I1 1« II llt > v 1,1 I,
      51 words
Page thumbnail Page 2
  • NEXT page
    • Article
      Lock icon ING to shift G7 forex trading to S'pore
      384 2 Move helps to reverse trend of banks moving ops out of the Republic Reuters [SINGAPORE] Dutch banking group ING Barings plans to shift its major global currency trading operation to Singapore from Hong Kong, company sources yesterday said. The move appears to
      Reuters  -  384 words
    • Article, Illustration
      Lock icon PSA IPO is off for immediate future
      712 2  -  Temasek to review possibility when market is more conducive By Donald Urquhart, Adeline Chia [SINGAPORE] Government investment arm Temasek Holdings said yesterday it will not make a public offer of shares in port operator PSA Corporation "in the immediate future". Instead, it will
      FILE PHOTO  -  712 words
    • ON THE grapevine
      • Article
        Lock icon No monkey business
        124 2 H'Angus the Monkey has been elected mayor of the English town of Hartlepool after a successful stint as mascot of the local soccer team. H'Angus—alias Stuart Drummond beat the representatives of the main political parties to land the 53,000-pound-a-year mayoral job. His vote-winning slogan was "Free bananas
        124 words
      • Article
        Lock icon AGM logistics
        62 2 w SEMBCORP Industries has arranged transport for shareholders to attend its annual meeting on May 31. It has chartered a bus to ferry them from Sembawang MRT Station to its meeting venue at The Theatrette, 60 Admiralty Road West. The bus will leave the MRT Station at 9.20
        62 words
    • Article
      Lock icon UK chip firm IQE eyes S'pore for Asia HQ
      530 2  -  -ii exclusive! HQ, foundry weald involve investment of USsloom By 1 David Boey x [SINGAPORE] UK-based semiconductor firm IQE pic, id a leading supplier of specialth ised silicon wafers, has said e- it will choose to locate its n- Asia-Pacific headquarters
      530 words
    • Article
      Lock icon PSA Corp man among China crash victims
      262 2  -  Byi George Joseph a luuNb raA Corporation accountant based at its Dalian venture was among 112 people presumed killed when a China Northern Airlines jet plunged into the sea near the Chinese port city late Tuesday night. Kelvin Chong Yew Keong, 28, was
      262 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      224 2 1 i V i "HMfa- r« ■> 1 111 H —"e—^.. P hoenix Garden Cafe n I bring back fond memories for your mum with V special buffet selection of favourites. j| tb#J it H WjNhAVX ■BOH|V For the Ist 100 reservations HM OKn of our buffet lunch or dinner,
      224 words
Page thumbnail Page 3
  • SINGAPORE companies
    • Article, Illustration
      Lock icon StarHub sets sights on SCV's customer base
      490 3 It hopes to cross-sell services to them once merger is completed Dow Jones Newswires STARHUB Pte Ltd plans to boost its mobile customer base by tapping into a pool of cable television subscribers once it completes its acquisition of Singapore Cable Vision (SCV),
      Dow Jones Newswires; FILE PHOTO  -  490 words
    • COMPANY Briefs
      • Article
        Lock icon Vicom full-year net profit rises 11.5%
        139 3 VEHICLE inspection company Vicom has posted net earnings of $5.13 million for the year ended March 31, 2002—11.5 per cent higher than the previous year's profit after tax and minorities. The board of the Comfort Group unit has recommended a final dividend of 10
        139 words
      • Article
        Lock icon HTL posts $4.6m net profit in Q1
        100 3 MAINBOARD-LISTED leather tanner and sofa manufacturer HTL International Holdings said yesterday its first-quarter sales hit $67 J million. Net profit was $4.6 million on a 6.8 per cent net margin There are no comparative results because this is the company's first quarterly financial
        100 words
      • Article
        Lock icon Thai Village lands franchise deal
        66 3 Reuters THAI Village Holdings has secured a master franchise from Thailand's MK Restaurant Co to open outlets in Singapore. MK Restaurant operates 128 outlets in Thailand, specialising in Thai steamboat, dim sum and noodles. Thai Village said the 10-year franchise will help diversify its business
        Reuters  -  66 words
    • Article
      Lock icon StarHub's partner absorbs joint venture
      339 3  -  USs2om telecom services firm being taken over by Asia unit of bankrupt Global Crossing Byl Tang Weng Fai STARHUB Crossing, a US$2O million joint venture between Star Hub and Asia Global Crossing (AGC), will be absorbed by the latter as a wholly-owned subsidiary, a joint
      339 words
    • Article
      Lock icon GK Goh upgrades Datacraft to 'hold'
      246 3 Reuters GK Goh Securities said yesterday it had upgraded Sin-gapore-based systems integrator Datacraft Asia to "hold" from "sell" as the recently weak stock was nearing its fair value of US$l.B7 per share. GK Goh said in a research note that Cisco Systems Inc's comments
      Reuters  -  246 words
    • Article
      Lock icon Politics dogs Manila's BW scam case
      507 5  -  lock siew al labita NOT a few are puzzled why the Philippines' corporate watchdog has suddenly turned soft towards many of those linked to the country's biggest stock scam. The headline-hogging scandal, which nearly led to the market's collapse in 1999, implicated 70 out
      507 words
    • Article, Illustration
      Lock icon Stanchart optimistic on expansion in S'pore
      412 5 Reuters STANDARD Chartered said yesterday that it expects plenty of opportunity to expand its business in Singapore its second largest consumer market after Hong Kong as the city-state deregulates its financial sector further. "The opportunity for us to grow organically exists given consolidation among
      Reuters; FILE PHOTO  -  412 words
    • Article
      Lock icon CCL denies MCL takeover imminent
      196 5 Reuters CYCLE Carriage Ltd said yesterday that a board reshuffle at MCL Land Ltd was not a prelude to take the 60-per-cent owned Singapore property subsidiary private. "The change of MCL board composition is to align it with CCL board," Ho Yeng Tat, CCL's general
      Reuters  -  196 words
    • Article
      Lock icon Little headway at Asia Pulp creditors' meeting
      232 5 Reuters ASIA Pulp Paper met with major creditors at a plush Singapore hotel yesterday, but sources said there was little headway made on how to restructure its massive US$l3 billion in debt. "There was very little progress. The level of confidence is not
      Reuters  -  232 words
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      276 3 www.mi.com.sg Everywhere under the sun. PIS gOgn s,-1 M f f y/Ctstf H II v II If/M -^Hil •fjK: ;■;> IISiH I I if i i pgMMggjfc; I *7 jh^V vhhbBMBF Ml Introduces Sunrisers, an exclusive programme dedicated to bringing the royal treatment to a select few. Meeting your individual
      276 words
Page thumbnail Page 4
  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      291 4 OTHER SINGAPORE INDICES May 8 VALUE CLOSE ■TOMS 172.00 -25.00 BTCMM -*****.00 +24.00 ■T le-tfay MA *****.00 -17.00 M-SG EqbMM 457.41 +3.34 SG&pMMM 158.57 +4.05 SCfpinFh 1536 10 +16.90 435.90 +3.18 MSa Singapore 217.56 +2.04 SBBCIFatMW 216.80 +0.40 *C020c, 43,369.000 A*Ocean 5c... 23,277.000 Sena* Sys 10c 19.268,000 KLW HiCtgs IOC
      291 words
    • Article, Illustration
      Lock icon Osim seen riding on strong earnings growth
      293 4  -  HOT STOCK/ WARRANT By Ven Sreenivasan LISTED health and hygiene products distributor Osim International reported strong first-quarter results recently, and the forecast for the fuU year is just as healthy. The company, which distributes a range of products such as massage chairs, household
      293 words
    • Article, Illustration
      Lock icon Penny stocks falter as Day en retreats
      766 4  -  (comment STOCKS r. sivanithy PUNTERS suffered a bout of penny stock indigestion yesterday as the share price of the sector's de facto leaders Dayen Environmental and Qian Hu retreated. In the second line, the crossing of more married deals was again a major
      766 words
    • Article, Illustration
      Lock icon Productivity gains, Cisco surge prop up US$
      580 4  -  HTcomment CURRENCIES S$ retreats along with Asian units, but A$ and NZ$ buck trend larry wee IMPRESSIVE Ql US productivity numbers and a surprise jump in tech giant Cisco's earnings lifted the US dollar from recent lows yesterday, but the Australian and New
      Source: Reuters  -  580 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2661 4 UNIT TRUSTS FUNDS 011 Pa £ur °P e Equity Fund 1.07/ CitiSelect Asia Tilt Balanced 12tl CitiSeleft Asia Titt Growth i m MH Anro Asact Mgt (S'pore) GbSelect Asia Tilt Enh Grth 11V Star Europe Eqty!* 0.76V GtiSelect Global Growth 1.07/ Star Europe Bd 0.98V GtiSelect Global Income 1.12/ Star
    2,661 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      164 5 _^3^^_^_j^j^__Ji^z^^Si^^-^ziiiS^y' > 'W /I v U\ r^s^ *&Mf> M •i'?^ M Mfcn 1 Vw^^br 7" I </ «L L»u«^wMFi->m^..-„ S^S[^SSSSSSSSESSSSSB3BBBBBBBS^M^B^MI^Miy*|* < fe. n. I I\ P'W-:- > sy: <M fcia :s^'^T^^ -SSE^- S, j »**v ;£«WtaßHP)fe, r x-t i.k 11 "U.-v"-* 1 ..1 1 Trave, In relaxed sophistication in the
      164 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      49 5 gfe Happy Restaurant a d.eU moic tMiCue to <^et a^2^C(c(C. 'Dim Stun Hor"? c(l c( r* /T) I I Steaming hot or B H Iy[l IPI spic v Chicken or I fclrßiij so^Ol Reservations: 6744 2717 Lion City Hotel 15 Tanjong Katong Road Website http www lioncityhotel com sg
      49 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      2809 6 me Business limes. Thursday, May 9.2002 To advertise rail tnll-fr** IBM iaa eet4 <■ IMAYFRAN INTERNATIONAL LTD NOTICE or ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN If** ihe Annuol General Mealing of ihe Company will be held at Raffias Marina. 10 Tuas Wast Drive, Singopore *****4 on 25 May 2002
      2,809 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      231 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 (1994 EDITION) AND IN THE MATTER OF OX COMPUTER SYSTEM PTE LTD (In Creditors' Voluntary Liquidation) NOTICE Of RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 141 Market Street. Level 5,
      231 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 3
      2092 6 ASA GROUP HOLDINGS LTD S HEREBY GIVEN that the Annual General ~a «k_ <>-^sswrsaE AS ORDINARY BUSINESS 5 X each <* wh< '0 An**, 9, *m. Company, Mr Chan Chun-Hsiung Mr Huang Chtno-Hsien (Resolution 2) Mr Ong Kian Mm (Resolution 3) (Resolution 4) Mr Huang CNng-Hsien and Mr Ong Kan
      2,092 words
Page thumbnail Page 7
  • SINGAPORE news
    • Article
      Lock icon Tax cuts unlikely to draw investments
      351 7  -  on the economy outlook By* Anna Teo THE income tax cuts announced in Singapore's latest Budget are unlikely to spur inflows of foreign direct investment, says Barclays Capital. While the key Budget initiatives are "a positive development", since lower corporate tax rates spell lower
      351 words
    • Article
      Lock icon Trade focus for Nedcor Bank branch
      564 7  -  Sooth African bank aims to expand into the region, boost China, India trade By Conrad Raj SOUTH Africa's secondlargest bank will use Singapore as a springboard into South-east Asia and aims to promote trade between the Republic and China and India. "We've always regarded
      564 words
    • Article, Illustration
      Lock icon Three generations of Citibank
      76 7 LEE Peng Luen (extreme right) has chalked up 43years with Citibank and served under three country managers, (from left) Charles Stockholm, Sunil Sreenivasan and Wong Nang Jang. The bank yesterday commemorated its 100 th year in Asia with the launch of the Citibank Centennial Book: A
      ALBERT SIM/ST  -  76 words
    • Article, Illustration
      Lock icon CityDev edges out Pontiac for white site
      578 7  -  PROPERTY FOCUS By\ Kalpana Rashiwala VICTORY was sweet for property tycoon Kwek Leng Beng yesterday when he narrowly edged out the rival Kwee family's Pontiac group at a state tender for a "white site" in the New Downtown. His listed City Develoments offered
      578 words
    • Article
      Lock icon Far East makes top bid for Kembangan reserve site
      382 7  -  $11 J2m bid beats only other bid of $9.7 m by LK Aug By' Vince Chong FAR East Organization has put in a top bid near the high end of market expectations for a Lengkong Empat government land sale reserve site.
      382 words
    • Article
      Lock icon Terence Tang now JLL's Singapore chief
      201 7 JONES Lang La Salle has appointed Terence Tang country head for Singapore with immediate effect. In a reshuffle that follows the closure of its residential department in a major re-structuring exercise last December, the property consultancy said yesterday said that Mr Tang, formerly regional
      201 words
    • Article
      Lock icon IE S'pore aims to double world-class shows
      202 7 IE Singapore aims to double the number of world-class exhibitions in Singapore because of the multiplier effect from the industry, as well as its importance to the services sector. "The exhibition industry is an important growth niche in the services sector. It was
      202 words
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      1360 7 i 5 i SIMUWANO KIMTIANI Sembawang Kimtrans Ltd (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at the Board Room. 30 Old Toh Tuck Road. #05-01 Sembawang Kimtrans Logistics Centre. Singapore
      1,360 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      607 8 BT ADVERTISING SPECIAL Surround yourself w with the good life til The 999-year Mill Point in the city-centre is designed for your lifestyle. For life. guests to notice the exquisite decor. But with a sleek sliver Siemens oven and colour-coordinat- You'd be plugged into the pulse of ed kitchen accessories,
      607 words
Page thumbnail Page 9
  • EXECUTIVE suite
    • Article, Illustration
      Lock icon Condo comes with free weekly maid service
      471 9  -  MCL Land to release Robertson 100 this weekend, reports itat.pama b astttwat.a KALPANA BASHIWALA In a novel attempt to stand out from the crowd, MCL Land is packaging a year's free maid service for buyers of its Robertson 100 freehold condo, which it
      471 words
    • Article, Illustration
      Lock icon Stable outlook for serviced apartments
      896 9  -  By 3 Heng Hua Thong The writer is executive director at DTZ Debenham Tie Leung (SEA) Pte Ltd THE serviced apartment sector did not escape the aftermath of the global downturn, with occupancy of the major players in Orchard and Scotts roads down 13 per
      Source: DTZ Research  -  896 words
    • Article, Illustration
      Lock icon Shophouses, landed homes find buyers
      420 9  -  the block Byi Andrea Tan SHOPHOUSES and landed homes are the flavour of the month. Yesterday, Jones Lang LaSalle found a buyer for an intermediate shophouse at 38 Seah Street for $1.73 million at its auction. A two-storey semi-detached freehold house at Lor J Telok
      420 words
    • Article, Illustration
      Lock icon Garden furnishing: thrill is in the hunt
      678 9  -  GARDFNFR'SiTWI By' T II- Thien Like rare plants, collecting garden ornaments and furniture can become an obsession. Unlike, say, one-stop Ikea, one can't just walk into a nursery or garden shop and find everything at one go. Besides, you don't want to do
      PHOTOS BY THIEN  -  678 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      102 9 ffIUBHSB You will never be wrong! Land Price from A 539,000 One of the Lowest Interest Rates, High Rental Assurance, Shortage of Supply, High density Location mins to University, mins to CBD Golf Membership FREE!! 9th, loth ft tlth May 2002 #02-17, Balmoral Plaza 271, Bukit Timah Road Ray International
      102 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      194 9 GLOBE 100 Cecil Street MORTGAGEE SALE BY TENDER Description A 15-storey office building with basement carpark. Building completed in 1992 Location Good frontages and prominently located at the junction of Cecil Street Boon Tat Street Land Area 843.6 sqm or 9,080.5 sqft Lettable Area 3,635 sqm or 39.126 sqft Occupancy
      194 words
Page thumbnail Page 10
  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon The challenge from Europe's far Right
      784 10  -  mnm bottom line OPINION john gee John Gee is a freelance writer THE strong showing of Jean Marie Le Pen in the French presidential election was the latest manifestation of a trend across Western Europe which has seen far Right parties enter the governments
      784 words
    • Article
      Lock icon IN OTHER WORDS
      51 10 'We don't want any military actions in Pakistan by anyone other than Pakistani troops. We want assistance in information, especially from the United States, but the action will be carried out by us.' -Ftrmlahamf the Pakistani president, after facing opposition to US special forces fighting in his
      51 words
    • Article
      Lock icon Reassuring signals from Hu
      575 10 EDITORIAL CHINA Vice-President Hu Jintao's tour of South-east Asia was, predictably, overshadowed by his trip to the US, although everyone seems agreed that nothing substantial got done in Washington. His time in Singapore and Malaysia was patently more fruitful. Although Mr Hu did not put forward
      575 words
    • Article, Illustration
      Lock icon A lobby Washington dare not displease
      878 10  -  It's hard to convince other countries to cat their farm subsidies and tariffs if the Americans won't cat their own By] Robert Samuelson The Washington Post Writers Group IF government waste were an art form, the new US farm bill would be the Mona
      The Washington Post Writers Group; XINHUA  -  878 words
    • Article
      Lock icon Dayen case raises doubts about SGX's competency
      402 10  -  MAILITTTM Soh Kwok Hong Singapore THE Dayen episode has left me very much in doubt as to whether we have the necessary talent to run the Singapore Exchange (SGX) in a professional and efficient manner so as to promote Singapore as a top-flight
      402 words
    • Article
      Lock icon Why did UIS buy into unit trust?
      280 10  -  Chia Hui Ping Singapore UNITED International Securities (HIS), in which United Overseas Bank has a 44 per cent stake, is a listed fund investing in financial instruments on the advice of United Overseas Bank Trustee (UOB Trustee). Its annual report for year 2001
      280 words
    • Article
      Lock icon Budget will boost S'pore's appeal
      407 10  -  John Miller Head of Singapore and New Market Devt (Asean) Association of Chartered Certified Accountants THE Association of Chartered Certified Accountants (ACCA) welcomes many of the new Budget initiatives, which should help maintain Singapore's reputation of being an excellent place to do business. Reducing the
      407 words
Page thumbnail Page 11
  • REGIONAL news
    • Article, Illustration
      Lock icon S'pore will gain from Thailand's Kra Canal
      413 11  -  Contrary to others, M'sian businessman says new shipping lane has spin-off benefits From\ Eddie Toh in Kuala Lumpur CONTRARY to conventional wisdom, Singapore will enjoy spin-offs from Thailand's long-awaited plan to create a new shipping lane by cutting across the Isthmus of Kra,
      FILE PHOTO  -  413 words
    • Article
      Lock icon Berjaya rethinking revamp
      211 11 KUALA LUMPUR Reuters MALAYSIAN conglomerate Berjaya Group Bhd has said that the country's improving economy had prompted it to re-think a reorganisation plan announced late last year. Berjaya's complex plan had involved a delisting from the stock exchange and relisting as a new company, the injection of
      Reuters  -  211 words
    • Article
      Lock icon C&C Bintang to conclude Mercedes talks by Dec
      140 11 Reuters [KUALA LUMPUR] Malaysia's Cycle Carriage (C&C) Bintang Bhd said yesterday it aimed to conclude distribution talks for Mercedes Benz cars with DaimlerChrysler by the end of the year. C&C Bintang is Malaysia's sole distributor of the luxury brand, but is facing
      Reuters  -  140 words
    • Article
      Lock icon M'sia industrial output falls
      293 11  -  Economists remain upbeat despite 3.5% ghrinkag» in March From\ Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S industrial production fell in March, surprising economists who had expected the February upturn to continue this month. Despite the year-on-year 3.5 per cent decline in industrial production, economists yesterday were
      293 words
    • NOTE Book
      • Article
        Lock icon M'sia delays Cept transfer till 2005
        55 11 Bernama [KUCHING] Malaysia has delayed transferring its automotive products into the Common Effective Preferential Tariff (Cept) scheme until 2005. A government official said the delay was to allow the domestic auto industry to undertake the necessary restructuring and prepare for market liberalisation under the
        Bernama  -  55 words
      • Article
        Lock icon Telekom bought TRI shares in Feb
        91 11 Bloomberg [KUALA LUMPUR] Telekom Malaysia bought shares in Technology Resources Industries as early as February before it last week gained control of the nation's No 2 mobile phone firm. Telekom bought 36.8 million shares, or 1.9 per cent, in TRI, on Feb 27, followed
        Bloomberg  -  91 words
      • Article
        Lock icon Asean-China free trade area in 2004?
        73 11 Reuters [BANGKOK] A senior Thai commerce ministry official yesterday predicted Asean and China could launch a planned free trade area in 2004. Srirat Rastapana. deputy chief of the ministry's business economics department, said a scheduled two-day meeting of Asean and Chinese officials in Beijing
        Reuters  -  73 words
      • Article
        Lock icon RAM ups Public Bank's rating to AAA
        36 11 Reuters [KUALA LUMPUR] Rating Agency Malaysia said it upgraded Public Bank Bhd's long-term general bank rating to AAA from AAI. It also reaffirmed Public's short-term rating at Pi. Reuters
        Reuters  -  36 words
      • Article
        Lock icon Bangkok on track to cut bad loans
        60 11 Bloomberg [BANGKOK] Thai Asset Management Corp, the state agency that manages banks' bad loans, is on track to meet its target of revamping up to 100 billion baht (554.2 billion) of bad loans in the second quarter, a government official said. In April,
        Bloomberg  -  60 words
    • Article
      Lock icon Global investors renew interest in Indon companies
      631 12  -  Fond managers see possible turnaround for more financially sonnd firms Fromi Shoeb Kagda in Jakarta INDONESIA'S beleaguered corporations, ignored by international investors for the past five years, are again finding favour in the capital markets as they seek to raise more than US$l
      631 words
    • Article, Illustration
      Lock icon Thais plan agency to help local retailers
      274 12 BANGKOK Cabinet approves spending 395 m bah t over three years AFP THE Thai government said yesterday that it would set up an advocacy body to help Thai retailers resist fierce competition from foreign superstores that now control 40 per cent of the
      AFP  -  274 words
    • Article
      Lock icon Thai Q1 tourist arrivals surge 7%
      280 12  -  Froml .V D Harish Mehta m Bangkok THAILAND is back on track to attract 10.5 million tourists this year, as arrivals in the first three months of this year shot up more than 7 per cent, according to a top official. Tourism Authority of
      280 words
    • Article
      Lock icon Indonesia's central bank sees improved economy in Q2
      379 12 JAKARTA Reuters INDONESIA'S central bank predicted an improved outlook for the economy yesterday, forecasting year-on year growth of 3.5 to 4 per cent in the second quarter on the back of domestic demand. The central bank said in a statement obtained by
      Reuters  -  379 words
    • Article
      Lock icon Easing of rules on fees a boon for Thai brokers
      348 13  -  MARKET LIBERALISATION Ban on brokerage staff earning fees on sales of their firms'shares lifted From, Harish Mehta in Bangkok THAILAND has lifted a ban on stock brokers earning commission on the sale of shares of their publicly traded brokerages, as
      348 words
    • Article
      Lock icon Chinese broking firms cut fees by 37%
      203 13 Bloomberg Reuters [SHANGHAI] China Galaxy Securities and five other firms cut brokerage fees by more than a third, responding to a government drive to increase competition. The six firms, which handle 36 per cent of trading, cut their fees from yesterday to an
      Bloomberg; Reuters  -  203 words
    • Article, Illustration
      Lock icon Pakistan stocks slide 3% on bomb attack
      296 13 KARACHI STOCKS in Pakistan yesterday plunged more than 3 per cent, shocked by a suicide bombing in Karachi which killed nine French citizens and two locals, and wounded at least 20. "The market is shocked, everyone is selling. There is a sense of
      AFP  -  296 words
    • Article
      Lock icon SIA suspending flights to Karachi, Lahore
      72 13 Dow Jones Newswires [SINGAPORE] Singapore Airlines yesterday said it win suspend flights to Karachi and Lahore from tomorrow, citing the "prevailing security situation" in Pakistan. It said the suspension is until further notice. SlA's last flight for Pakistan left Singapore yesterday afternoon. It is
      Dow Jones Newswires  -  72 words
    • Article
      Lock icon Philippines suspends power surcharge
      270 13 MANILA Bloomberg PHILIPPINE President Gloria Arroyo ordered stateowned National Power Corp to suspend collection of surcharges that reimburse the electricity monopoly for losses caused by higher oil prices, currency fluctuations and power it can't sell because of weak demand. The suspension, effective immediately, will cut National
      Bloomberg  -  270 words
    • ASIA Notes
      • Article
        Lock icon Bank of China mainland profit steady
        43 13 Reuters [BEIJING] The Bank of China said its mainland business posted a (me per cent rise in first-quarter operating profit as it tightened risk controls. Its overseas branches recorded US$l33 million in pre-tax profits in the period.—Reuters
        Reuters  -  43 words
      • Article
        Lock icon Taiwan exports up 0.3% in April
        37 13 Reuters [TAIPEI] The Ministry of Finance said exports rose 0.3 per cent in April from a year ago to US$lO.BB billion, but they were down from the U5511.45 billion in March.—Reuters
        Reuters  -  37 words
      • Article
        Lock icon S&P affirms A+ debt rating for HK
        32 13 Bloomberg [HONG KONG] Hong Kong's A+" sovereign debt rating was affirmed by Standard Poor's, which cited the city's autonomy from China and its strong finances.—Bloomberg
        Bloomberg  -  32 words
      • Article
        Lock icon Making of Taiwan's biggest bank
        54 13 AFP [TAIPEI] CTB Financial Holding Co will merge with the International Commercial Bank of China to become the largest financial institution in Taiwan, company officials said yesterday. The deal was expected to expand CTB Financial's capital to nearly NTJIOO billion (555.2 billion) with combined assets
        AFP  -  54 words
      • Article
        Lock icon Sino Land shares dive 8.6%
        38 13 Reuters IHU/MG KONG] Sino Land Co Ltd shares slumped 8.6 per cent yesterday after it announced plans to sell HKJI.S billion (Ss34B million) worth of convertible bonds to raise general working capital. —Reuters
        Reuters  -  38 words
  • Article, Illustration
    Lock icon FINANCE
    1169 11 Transaction date: May 8 MTERBAM1 CROSS RATES w fit f IndtatoHali Tib *a» Ml mr**t Hm S$ Umt Sfr Iff W Km* uss Antrala 0.549 4501 0.596 4.031 1202 4230 ***** 50.411 0.696 6.9B 2X161 1203 32.601 27.012 0.901 5.497 0567 *.765 ***** 0J71 0342 Canada L178 5J04 0.702
    1,169 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      423 11 Singapore Property Trusts 23 to 24 May 2002 Objectives Under-wrrter Perspective: Structuring of ~r. Property Trusts The objectives of the 2-day executive seminar are: ssu er' s Originator Perspective: Potential of To share knowledge and expertise in the transparency and area ofreal estate investment trusts. accounting consideration in SPTs To
      423 words
Page thumbnail Page 12
  • Article
    Lock icon COMMODITIES
    1543 12 S1C0M ruTUKES May 8 W88£* F*ns (Oasaq pncas) tS$l(Sc«wb/m dose VotaM opM Mwl Low Sett (tow) twtrert ***** J"»« 12L25 02 ***** S*02 KS 3(UScfotsA4) VotaM open Mowt 5*5 J» Sett (tans) hrtomt 5»02 66.50 WOO J 6425 6625 66.25 25 2900 66.00 6625 1025 2900 02 66.25 66.00
    1,543 words
Page thumbnail Page 13
  • Article
    Lock icon STOCKS ASIA
    4361 13 Transaction date: May 8 for more, go to wwwnsiaoTierirnarkets^om HONG KONG HysanDev 9.10 0.03 1038 mterd*naHldg» 0.83 -0.02 1250 "P *t- K tntl Bonk of Asia 2.18 -0.03 4060 unch XdHok*ny P ...._ZZ"ZZAM '<16 tuSSffta 22S u ,*4ngsu Express .2.15 -0.10 7498 521 kangsu Nandasoft Co M—0.79 unch
    4,361 words
Page thumbnail Page 14
  • WORLD news
    • Article
      Lock icon IMF urges Fed to raise rates in coming months
      577 14 WASHINGTON Signs of recovery make it necessary for both US and LAT-WP Bloomberg FEDERAL Reserve policymakers should raise interest rates in the coming months because of the signs of economic recovery in the US, the International Monetary Fund (IMF) says. The
      LAT-WP; Bloomberg  -  577 words
    • Article
      Lock icon FOMC statement
      144 14 Reuters [WASHINGTON] Following is the FOMC statement after its Tuesday meeting; "The Federal Open Market Committee decided today to keep its target for the federal fUnds rate unchanged at iv« per cent The information that has become available since the last meeting of the committee confirms that economic
      Reuters  -  144 words
    • Article
      Lock icon KPMG inks deal for Andersen consulting arm
      334 14 MCLEAN, Virginia Dow Jones Newswires KPMG Consulting Inc has signed a letter of intent to acquire Arthur Andersen's US consulting arm and parts of the overseas consulting business for up to US$2B4 million. In a press release yesterday, KPMG Consulting said it will
      Dow Jones Newswires  -  334 words
    • Article
      Lock icon US industries trim revenue expectations
      376 14 NEW YORK Survey shows they expect to cut jobs, capital spending in months ahead Reuters US manufacturers trimmed expectations of a pick-up in 2002 revenues and, with factories running well below capacity, expect to cut jobs and capital spending in the months ahead, a report
      Reuters  -  376 words
    • WORLD Watch
      • Article
        Lock icon War cost crosses US$12.5b mark
        55 14 AFP [WASHINGTON] The war on terror launched by President George W Bush in response to the Sept 11 attacks has already cost the US military nearly US$l2.5 billion and is expected to gobble up even more money before the fiscal year is through, according to
        AFP  -  55 words
      • Article
        Lock icon KirchPayTv files for bankruptcy
        74 14 AP IrKANKFURTj The holding company for media giant Kirch Group's pay television operation filed for bankruptcy yesterday, joining the crumbling media giant's core division in declaring it cannot pay its debts, the Munich bankruptcy court said. The filing by KirchPayTV, the parent of the loss-making broadcaster
        AP  -  74 words
      • Article
        Lock icon Hynix faces bankruptcy:regulator
        62 14 Bloomberg (SEOUL) Hynix Semiconductor Inc, which rebuffed Micron Technology Inc's US$3 billion takeover offer last week, faces bankruptcy unless it accepts a creditor plan to break up the company and sell it piecemeal, South Korea's top regulator said. Creditors plan to seek bankruptcy if Hynix rejects the
        Bloomberg  -  62 words
      • Article
        Lock icon Citigroup to boost consumer lending
        81 14 Reuters [TOKYO] Citigroup, the world's largest financial services firm, said yesterday it aims to grab a top spot in Japan's highly-competitive consumer financing market by boosting outstanding loans by 13 per cent this year. The group aims to raise the sum to \.l trillion yen
        Reuters  -  81 words
      • Article
        Lock icon New media rules to benefit Murdoch
        82 14 AP [LONDON] Newspaper baron Rupert Murdoch would be allowed to buy a British television or radio broadcasting company, under revised media ownership rules the UK government proposed on Tuesday. Among the biggest changes is a proposal to lift restrictions that prohibit owners of national
        AP  -  82 words
    • Article, Illustration
      Lock icon Cisco Q3 profit soars, but firm stays cautious
      507 15 CHICAGO USsB3Bm earnings before one-time items, helped by cost-cntting moves Reuters CISCO Systems Inc, the No 1 maker of gear that directs Internet traffic, on Tuesday bounced back as cost-cutting efforts boosted its quarterly earnings to more than triple last year's profits.
      Reuters  -  507 words
    • Article
      Lock icon International banks moving to long-term debt: BIS
      383 15  -  By Ravi Kanth in Geneva INTERNATIONAL banks have opted for long-term debt instruments after the Enron bankruptcy which highlighted the perils of over-exposure to short-term debt, according to the Bank for International Settlements. "Rising levels of credit downgrades and defaults, including high-profile bankruptcies
      383 words
    • Article
      Lock icon SEC okays new curbs on analysts
      461 16 STREET! 1 UNDER SCRUTINY Roles to curb conflicts of interest will be phased in over 6 months Bloomberg [WASHINGTON] The Securities and Exchange Commission yesterday approved rules to curb conflicts of interest among stock analysts, barring them from profiting from their stock recommendations and
      Bloomberg  -  461 words
    • Article, Illustration
      Lock icon Enron directors Med to provide supervision: senator
      353 16 AFP ENRON'S directors failed to live up to their responsibility to provide independent supervision of the energy company ahead of its spectacular collapse, a senator said on Tuesday. The Enron board "didn't just fiddle while Enron burned. They toasted marshmallows over the flames",
      AFP  -  353 words
    • Article
      Lock icon Merrill close to settling claims over biased stock research
      412 16 It has offered to pay USssom; court hearing postponed Bloomberg [NEW YORKI Merrill Lynch Co is close to an agreement to settle claims by New York Attorney General Eliot Spitzer that the biggest brokerage firm misled investors with biased stock research.
      Bloomberg  -  412 words
  • Article
    Lock icon KLSE
    2163 14 Transaction date: May 8 KUALA LUMPUR fraerlNen* 340 0 04 3 M F5BM 226 404 M *t- r«0O| FWkidustries .032 -0.01 1 Gadang 147 -003 273 AAMRealty 1.32 unch SI Gamuda 455 0.10 2410 A6rk 1.94 0.03 21 GanadCorp 1.03 0.01 10 ACPInduMrias 354 0.02 313 GaroT«h 136 004
    2,163 words
  • Article
    Lock icon SGX
    639 14 Transaction date: May 8 o—»| m Ow O—. 2L™. ?2 iS. EE? ]M0 a 1« !£2S 2f? 1M0O *0 300 J5 H2 «ooso iS if2n 22S SJ'!? ,H25t 0J2 oSTST 251 33> 325 25 132. £3l5 0 .ff SJfc JS 82 S^ 1 031 0Jtm> m O2ii i™ 7D
    639 words
  • Article
    Lock icon BONDS & WARRANTS
    588 14 BONDS WARRANTS I** Mb* tarn Ute *Mb OH* Ma %iahi UK ASTIWD***** 175 05 27 I 16 6 149 25 Aorta UdVMM1116 3 urxti 23 1 50 458 3J7 10 An*ekW*****0 M -OS 75 1 33 2 141 37 Armstrong W*****0 45 1 10 21 2.67 24 AstafoodP WQ***** AS
    588 words
Page thumbnail Page 15
  • Article
    Lock icon SGX MAINBOARD
    4968 15 Transaction date: May 8 for live prices, log on to uruni\asiaonernarketsjcorn c— is A ■s'a-sa 9 ASNAirroNLG 56c 9 |J «1 .H c *g.RTf" 1 *-5 -1 6 165 16.5 16.5 17.5 07 OS 27 5 143 17 OS 115 AEM-EvertechSc 22.5 unth 1158 22.5 22.5 22.5 23
    4,968 words
  • Article
    Lock icon SGX XTRANET
    72 15 Jit,. "7 CrfHi n» em* mm mem m> "f f'"E!!i M» w- rw* —I Lmm Wmm i+m Cw Wt «3 M5 11J40 40 s Diamonds US9960cd .9920 9960 9960 44 6190 WOtlSOiUSTMh —US4090 -S20 0 4610 4070 4120 42S0 S7S 440 s (SMSOSpore US575 I2» K7D s ISStKOO
    72 words
  • Article
    Lock icon SGX SESDAQ
    1425 15 a > a j'u. sra-a s 8:sHa2==8LS' ",i jm s 5 'S s s 615 275 c ASAtXolOc .51 tmh 264 S1.S 505 505 515 10 N7 2 74 67 51 »<?*"?*** *5 57 55 56 56 5 25 1 2 U 102 719 56 42.5 20 ASTIKk
    1,425 words
  • Article
    Lock icon CLOB INTERNATIONAL
    332 15 V* L* Val Day L1Q—« GrfMv Ohr CrtTM Mat Km i— m» *4- -m nm aim mm cm m «3I 110 W AVJcnrangi A25c A K *1 170 95 85 94 95 40 3 4 10 5 S5 2015 CMh*Pac20cHK. 720 265 21 74 6 *****2 Cheung KongSOc
    332 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      326 16 S1GIM UP NOW If* healthy fun for the whole family! And together ~^P your chancee to win valuable prizes increase. Plua ®Mgr. L 1 you receive a goodie bag with an exclusive Big Walk T-shirt and value-packed coupon booklet! y jRjP?^ 1st Prix. GRAND LUCKY DRAW nissan SUNNY 1.5;saloon ?«&■••;.'.^.v:'.vsa^^'aaa»«i
      326 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      205 16 CKVPTIC CROSSWORD 29 Invalid Greek character acm STwtS SIES?* tur P ltude 00) YESTERDAY'S SOLUTION ajnn,n9? 9 A lot appear forbearing about Across: 1 Tasmaniandevil, 9 Not necessarily (10) a perjurer (8) Emotion, 10 Rouleau, 11 Ilk, 12 DOWN 14 Female centaurs? (10) Fatherinlaw, 14 Throne, 15 1 Caledonian way
      205 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      200 17 5D Tokyo Flight Stay nsB2B 6D Nikko Tokyo Disney Sea #$1,198 5D Osaka Flight Slay with 6D Central Japan $1,458 Universal Studios Japan* '$936 6D Tokyo/UnJvercal Studios 5D Tokyo Disneyland $1,088 Japan* frsl ,548 5D Osaka/Universal Studios 6D HuisTen Bosch/ Japan* fr51,268 Universal Studios Japan* »$1,548 Where to wine, dine
      200 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      189 17 6D Sendai Universal r mc WfT nn riwaiMp l Stui m |j(Vinl $1,728 J 01 100 l -y? Jm TCOl) j 6D Hokkaido/Hakodate/ Universal Studios japan* trsl .778 hr-T.T-T 7D Honshu /Universal $750**] Studios Japan >$1,648 i $425 (Chttd) 7D Hokkaido Lavender lour k52,149 j (JSA $850UlJ 8D Hokkaido lokyo
      189 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 3
      161 17 OH K 1 I F or °w 20 yean, our qualified professionals have been I assisting clients to venture offshore with confidence by I providing consultancy sen/ices on offshore structures, I shelf companies and incorporations in ALL jurisdictions I including I British Virgin Islands Mauritius I Cayman Islands Hongkong Bahamas
      161 words
  • BIZIT
    • Article, Illustration
      Lock icon Microsoft pays US$1.3b for Danish software company
      380 17 Navision's 5 tech pioneers to get USs73sm worth of Microsoft shares Bloomberg [VEDBAEK, Denmark] Microsoft Corp's US$l.3 billion purchase of software company Navision A/S will turn five Danish technology pioneers into multimillionaires. Jesper Balser, Torben Wind, Peter Bang as well as Preben and
      Bloomberg; REUTERS  -  380 words
    • Article
      Lock icon eBay, Accenture service for excess merchandise
      93 17 Bloomberg [LAS VEGAS] eßay Inc, the world's largest Internet auctioneer, and consultant Accenture Ltd will offer a service to help manufacturers, distributors and retailers sell excess and discontinued inventory on eßay's website. Accenture will own and operate the service, which provides software, strategies and
      Bloomberg  -  93 words
    • Article
      Lock icon Texas Instruments chips for Motorola modems
      180 17 Bloomberg [DALLAS] Texas Instruments Inc, the largest maker of microprocessor chips in mobile phones, will provide semiconductors and software for Motorola Inc's high-speed Internet cable modems. The agreement is the second in a week announced by Texas Instruments. The Dallas-based company will supply Westell
      Bloomberg  -  180 words
    • Article
      Lock icon Oracle defends California deal
      257 17 Reuters [SACRAMENTO] Software giant Oracle Corp has defended its controversial software contract with California saying it stood ready to scrap the deal but still believed it could save the state more than US$lOO million over the next 10 years. "When our contract with the state of
      Reuters  -  257 words
    • Article
      Lock icon Singapore retains 2nd spot in e-govt services
      278 17  -  By\ Leo Kee Chye SINGAPORE has retained its No 2 position in the world's most developed online government services ranking, according to Accenture's third annual survey on e-government deployment. The ranking of the top three contenders remains unchanged from the previous year Canada
      278 words
    • Article, Illustration
      Lock icon New HP aims to be No 1 in a variety of markets
      555 18  -  To shape up, it will cot or merge product lines and axe 15,000 jobs Frorn. Jennifer Lion in Silicon Valley COMPAQ Computer may be no more, but its presence will be very much felt in the new Hewlett-Packard.
      AP  -  555 words
    • Article
      Lock icon Job cuts in Asia to be decided by August
      258 18  -  By Raju Chellam THE new Hewlett-Packard will decide on the number of job cuts in the Asia-Pacific by early August, after its Q3 ending July, the merged company's regional managing director Paul Chan said. "The job redundancies will be phased, in
      258 words
    • Article, Illustration
      Lock icon New HP: now comes the hard part
      603 18  -  11 il comment INFOTECH Integrating while keeping the business going will be > huge challenge kenneth james The writer is BT's Technology Editor Towards the end of yesterday's news conference to announce the launch of the new Hewlett-Packard, Asia-Pa-cific chief Paul Chan burst
      603 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      276 18 Time is money. Ifs what the financial information empire Bloomberg built their legacy on. With a reputation spanning across all global financial markets, Bloomberg L.P.'s on-time financial information network reaches over 260,000 financial professionals, 200 million homeviewers and countless newspaper readers. To ensure that the latest-breaking news is delivered on
      276 words
Page thumbnail Page 19
  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      246 19 Reuters THE Baltic Dry Index (BDI) rose two points to 1,018, the Baltic Panamax Index (BPI) gained 11 points to 1,042, the Baltic Handymax Index (BHI) firmed three points to 7,669 and the Baltic Capesize Index (BCI) was down five points to 1,159. Alpha Millennium (built 2000) 170,415
      Reuters  -  246 words
    • Article
      Lock icon MARITIME STOCKS
      245 19 m 13&07" am «5» n \n> CWT Distribution—0.82 -0J02 298 Chuan Hup 0.43 -0.01 383 Coaco Invastmant -0-25 uncft 65 Fraiaht Unkt 0.06 uncft 0 GBHoMlngs 0.76 -0.01 2 IMC HoMkigs-HK —5.60 uncft 0 J«Y« HoMiQQt 0.25 -0.01 489 Kappal MaSwIIZIoill imcft' 4446 Kappal Tala 1.04 uncft 208
      245 words
    • Article, Illustration
      Lock icon PSA helped boost Belgian terminal's Q1 volume
      726 19  -  It won customers for HNN well before purchase deal was finalised Reports by Beth Jinks in Antwerp PSA Corporation actively courted shipping lines for extra volumes and began restructuring operations on behalf of its new Belgian terminal interests well before the long-delayed deal
      726 words
    • Article, Illustration
      Lock icon Pasir Panjang may use straddle carriers
      184 19 [ANTWERP] PSA Corporation is "seriously considering" the introduction of straddle carriers (right) and smaller runner cranes at its Pasir Panjang Terminal to eliminate the need for trucks to enter the facility. New PSA group president Ng Chee Keong told reporters in Antwerp the highly
      184 words
    • PORT Shots
      • Article
        Lock icon P&O long-term debt ratings cut
        99 19 Bloomberg [LONDON] Peninsular Oriental Steam Navigation Co (P&O), the UK's biggest shipping company, had its long-term debt rating cut two notches to "Baa 3" by Moody's Investors Service on concern about its profit in 2002. The cut from "Baal" will affect about US$22 million of
        Bloomberg  -  99 words
      • Article
        Lock icon OOIL's China-Europe volume up
        132 19 Bloomberg [HONG KONG] Orient Overseas International Ltd (OOIL), a shipping company run by Hong Kong chief executive Tung Chee-hwa's family, said volume on its China-Europe route in the first quarter rose 22 per cent from a year earlier. General Manager Stanley Shen said after the company's
        Bloomberg  -  132 words
    • Article
      Lock icon Cosco Int'l buys 60% stake in ship trader from parent
      196 19 Bloomberg [HONG KONG] Cosco International Holdings Ltd, the real estate unit of China's biggest shipping line, agreed to buy a 60 per cent stake in a Hong Kong ship trader from a unit of its parent to expand into the
      Bloomberg  -  196 words
    • Article
      Lock icon Terrorists may target cruise ships in Europe
      288 19  -  German warning says unconfirmed info points to a hijacking or suicide attack By\ Donald Urquhart [SINGAPORE] German law enforcement officials say they have information suggesting that Islamic terrorists were planning attacks on cruise ships and ferries in European waters. The warning was issued
      288 words
    • Article
      Lock icon Record overtime for NY Port Authority police
      166 19 Bloomberg [NEW YORK] Port Authority of New York New Jersey police had more than one million overtime hours last year, more than twice the previous record, after the Sept 11 terrorist attacks, the Star-Ledger of Newark, New Jersey, reported. The added cost of
      Bloomberg  -  166 words
    • P&O bid
      • Article, Illustration
        Lock icon Carnival faces barrage of objections on 3 fronts
        774 20 Shipbuilders, port authorities and travel agents are all expressing concerns to European Union antitrust officials who are weighing Carnival's attempt to take over P&O Princess Bloomberg (BRUSSELS] CARNIVAL Corp, the world's biggest cruise line, is facing antitrust objections on three fronts to
        Bloomberg; FILE PHOTO  -  774 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      128 20 PAGE Fuhai 4 BSA 6 Futfrans 6 B'tanq Mas 6 Gemartrans 4 CMACGM 3 Hangli 4 COSCO 3 Hyundai 4 Columbus 5 Hewg-A 3 t Central Ex 4 IR1SI 5 Cim&hpg 5 Kien Hung 5 9 Cougar S Kyowa 6 ft CWTGMteMi 6 De.mas 4 3 Dongnama
      128 words
    • Article
      Lock icon SHIPPING GUIDE
      11215 24 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser vessel Voyage Tetaohone SIN Destn Name Name Number Number SIN DesTn Name Name Number Number 04/07 01/01 6SA ARUNBANK SP151 tHUHJH To ABIDJAN (ABJ) 2003 Coto D'lvoir* T# AP,A (APW) 2022 S«no. 16/05 15/06 Oelmas HYUNDAI FORTUNE
      11,215 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        554 27 *°y *> Barth Arrival Depart*, JM|M LIKTU IU0805 JB 06/05/8 K> 08/05/2000 IT I S£LA I 105 JOI 08/05/TI5 08/05/2300 ifIIukJ 6 S3m0#J oa/os/ieoo oe/05/2100 S 08/05/1800 Oa/OS/2J:S9 »AO«AJIUEl. 1 06fE8 J 08/05/2300 09/05/2300 J"*" JB 09/05/7:15 0,/05/T7j0 11 ai,M JOI 09/05/8-00 09/05/1300 J""" 1 "5 JOI 09/05/8:00
        554 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1243 27 -"ECEfYII* DffOW FCL COfTAmElS AMD IXL MHO SMP CtWBtr NrU «ommm sua -vTsoc m mm* ami orae warn mtt mam 2 mw mm J* MAM MMM MM MM MM WW MMM MM wmt m. Hin mi MM M www NMN MM 222 "2S I 1 ww MMM (MM
        1,243 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        165 27 May* Belgium: Ascension Day France: Ascension Day Germany: Ascension Day Indonesia: Ascension Day Norway: Ascension Day Sweden: Ascension Day Switzerland: Ascension Day May 17 Norway: Constitution Day May 19 Norway: Whit Sunday South Korea: Buddha's Birthday Sweden: Whit Sunday MajrM Canada: Victoria Day Germany: Whit Monday Norway: Whit
        165 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        783 27 THIS report, compiled by Cockett Ma rtne Oil Ltd. shows price ranges in US dollars instead of single prices for i more comprehensive description of th< market Prices shown are based on average sired stem Market movements are indl cated The Cockett Bunker Price Indei change
        783 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        348 27 I Mm 2 *0«" 9909 0.4 K.0 0.06 S3 0.04 Motor Wailfri ArtMU—M— So«—t No *ow C2S 0 0 2 0 0 0 %WM 380 Aw *75 0-2 14J 0.05 2S 0 02 iro kui, Je" mi OA *4 0.09 58 0.04 SS22— />l woa>owC35 i
        348 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Sri Lanka to renegotiate airline deal with Emirates
        459 28 Government wants to remove its monopoly on ground handling, catering AFP [COLOMBO] Sri Lanka announced plans yesterday to end monopolies that were granted to the national carrier, SriLankan airlines, when its management was handed over to Emirates airline of Dubai. Transport Minister
        AFP; FILE PHOTO  -  459 words
      • Article, Illustration
        Lock icon KLM's Q4 loss widens amid drop in passenger traffic
        553 28 Fresh loss at 108 m euros, np from 88m euros a year earlier Bloomberg [AMSTERDAM] KLM Royal Dutch Airlines NV's fiscal fourth quarter loss widened on a drop in passenger traffic after Sept 11. Europe's No 4 airline said summer bookings
        Bloomberg; PILE PHOTO  -  553 words
      • Article
        Lock icon Northwest recalls 135 technicians
        162 28 Reuters [MINNEAPOLIS] Northwest Airlines, the No 4 US airline, said it will recall about 135 furloughed technicians, starting in June. Northwest said its decision to bring the workers back was part of an overall business plan for its maintenance operations, but also said it stemmed from
        Reuters  -  162 words
      • Article
        Lock icon US certifies Boeing's Connexion
        181 28 Reuters [WASHINGTON] US aviation regulators have certified Boeing Co's plan to link commercial airline passengers with the Internet during flight, the company said. Already available on some private and government aircraft. Connexion by Boeing uses high-speed technology to connect air travellers to the Web, their e-mail
        Reuters  -  181 words
      • Article
        Lock icon European airlines' traffic falls 12%, decline slows
        247 28 Intra-Enrope travel led rebonnd from Sept-11 slump Bloomberg [BRUSSELS] European airlines' international traffic fell 11.9 per cent from a year ago in the week through April 28, marking the resumption of a recovery in air travel from a slump after Sept 11. The
        Bloomberg  -  247 words
      • Article
        Lock icon EasyJet gets option to buy BA's German unit
        238 28 Bloomberg [LONDON] Easy Jet Pic said it has acquired an option to buy British Airways pic's subsidiary Deutsche BA for at least 44 million euros (5572.16 million) to make it the largest low-cost airline in Germany. The carrier said last week it
        Bloomberg  -  238 words
      • LOG Book
        • Article
          Lock icon Go-Fly's year revenue up 46%
          101 28 Reuters [LONDON] Takeover target and British budget airline Go-Fly Ltd said yesterday its annual profits jumped on the back of a strong passenger growth, with revenue rising 46 per cent to £233.7 million (*****.9 million). Go said it had profits from operations of £17 million
          Reuters  -  101 words
        • Article
          Lock icon Qantas workers accept pay offer
          60 28 Bloomberg [SYDNEY] Qantas Airways maintenance workers accepted a wage offer from Australia's largest airline, ending a 10-month pay dispute, unions said in a statement yesterday. Members of the Australian Workers Union and the Australian Manufacturing Workers Union approved the airline's proposal that will give the
          Bloomberg  -  60 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1734 28 an hjbit n> man n» MM 8*7381 1840 IA7382 228 ftmUmt LK97U 0435 IM9765 1230 oral mo ore 2215 uwr»; ous soj26 12* AmttrUm S035 0655 6A974 0130 *5 JUS ***** 1510 HI 38 2225 M 73 0#5 0f5 2250 S024 nS V445 UffTI 2305 M*
        1,734 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      32 19 •> J T aM* Jfr "a*:"* -**V r 1 A > P&O bid: Carnival faces Sri Lanka to renegotiate airline deal with Emirates European airlines' traffic falls 12%. decline slows KLM's Q4 loss widens
      32 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      477 20 NORTH AMERICA QULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPRESS (SSX) |01^KARACHI EXPRESS(OIOQ" rasa VOT I IGO KG mVL VOT gA Mi rT"™ ooauf/m stwTi SToi 11/05 ujis micro hooin 021 01 /05 02/ os m/os 12/ os 00a WDBUNOS 34W17 01/05 10/05 11/05 PtO«IOTVHHSMM OK 00/05 00/05 11/05 10/05 jg? 1 W«_|
      477 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      591 20 ljoes swvices represented by ft Members of ihe Registry of Members of ihe Accredited Shipping Agents, ''jgatg Sift 9°P of6 *?jy Singapore Shipping Association Association g ULY IM MALI vßsa I vot In* m Tin PKUNG srat! MALI Empress Uty 0302 16/05 17/05 25/05 Princess Lily 0502 05/06 06/06 14/06
      591 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      857 21 TO USA (SAX SERVICE) rasa VOT SINEW LAX OA* DAL HOU CM COl MEM ATI NTC APICYPtINI 1101 00/05 23/05 27/ OS 27/05 77/05 27/05 20/0S 27/05 2»/05 »/05 APIOaGIUM 1041 15/05 30/05 03/0* 03/0* 03/0* 03/0* 04/0* 03/0* 05/0* 05/0* API HOLLAND IPSE 22/05 o*/0* 10/0* 10/0* 10/0* 10/0*
      857 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      1335 21 OUI TO 1 COLOMBO T/T 14 MVS cosTJuTsHImNG Pn ire SSSSIiSi"-" SSfl&n "Eg" m S;!! susu Q Mfc **********0 M TIL *22* 1900 (MAW) MWAKO (0/0) 6420 5/M ******19/49 T/SMP MTT M2OSO2S ******1*/** convomomi M2OS3Oi/iSO ******23/73 G «0 W ff* !i« l»/W MOMWB/IMH 47/95 wn 2L 5L IKOTA PQMASAII/MM IZ/#5
      1,335 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 3
      444 21 «sa wr_ amwciWEiKipiiiK vssa vot an sig jkt m mniwra Tots iiys i//s 10/5 71/s 77/5 75/5 tmtM 1 WMWII MO HVS IVS TVS 71/5 j|l Zjgl ~frs~ jgEI awuuM wn ivs it/5 io/5 it/s 7i/5 FWTTT T7TTT fTTTT unman ma _ivs_ ■KWBIII 7MS IVS H/5 V/i_ »/5_ Uk_ «»HM
      444 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      789 22 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. Hiaipui: wwwi—2l.t— CB MO. *****9+0000H )s!_ 81 sou ~ni~ mit ~mm m ivpsa »ot 1«r "HT" 7nT HOT "na!" HT TB~ MT OMPtNPOKI WW 00/05 20/05 22/05 73/0$ 15/0$ MOIFWOHMNa 00IE 19/04 20/04 14/ M l»/04 07/0$ api samomw ioow h/os 20/05 ji/osm/o$ w/o$
      789 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      546 22 m HS! LINES INTRODUCING NEW WiIKIY EXPRESS SERVICE V:£> jHQTU w y *y^^l to mi Weekly Express Monday sailing For more details, call HOTLINE: 1800-*****00/*****88. wwt wr sm rn n to mb BP *suexp«ess i*S ii/w ii/S ii/is iT/is I I I*l* 23/05 72/05 27/05 20/05 I*2* 02/0* 01/04 04/04
      546 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 3
      645 22 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO Mi WOW THERM AMD WES TERM ICO POWfTS »QM Ippxwl ano—o| K.a«vt| coummo ybsb mm ¥ot eta/eto eta/to eta/etc eta/to eta/to mmcM las nut imat smat~ imat naw maziuamowbs iiw mi i»w i?mat is mat n»i i iswsm soil 13 wn is mat
      645 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      1263 23 WY KHH HKO SIN PKL DXI ui DMM WK :li MViMMMA PCL-258 Ot/OS 10/05 13/03 14/05 21/09 22/05 24/05 26/05 I ■AN KERMAN PCL-259 14/05 15/05 IS/05 19/05 26/05 27/05 29/05 01/06 I IRAN ISFAHAN Ptt-260 21/05 22/05 25/05 26/05 02/06 03/06 05/06 07/06 I UK CONTINENT SERVICE »/05 01/06
      1,263 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      652 23 "*y M PBL -SfJMM HOI nm SB «KIAU ;X fh- SaaJaE *p» -HH an u JBSKf-BBS &S rn- JjsF==:Jt=dsk::3fe= jwaggji—mm am ~!SH!i J£ 342 —g®— l ■■oßwpsil umu 01/04 nml Intfjftg gy gffj— -®Sft SB EHL »BSa wmr IMi WMM 10/05 12/05 rr JQAffU Su S=-3J ?==r *SWN* worn um
      652 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      138 24 L^ KYQWA LINE Noiron CMBE 11/05 20/05 i*"] ~53/oT Colifomio Senator |948E"| 13/051 29/05 1 03/06 I 04/06 I 13/P| Q7/Q6 17/(ft 18/QO IHH SM ~M&. lIZI nocihc jflnatoi y4tc 20/051 2r/05 I 03/06 I 04/06 I Pocific Senator 1949E 20/051 07/061 17/06 I 18/06 I |21 /06 I *****
      138 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      218 24 CWT GLOBEUNK PTE LTD 'ff M owNOfnctsm TEL:*****833 (36 LIMES) FAX:*****742 SYDNfY-MILBOUKHt KNANG/VKT K CLANG-MSM GUDANGKUCHINGtANGKOKKAMACHI-ZuMAY M. "tW OILHI COLOMBO HO CHI MtNH CITY-HAI^ONG-HANOI-tltlMeN-HAMBUHG^^NOINGoi^ SHANGHAI XIAMEN FUZHOU-DALIAN XIANKIJING-SHI JIA ZHUANG QINGDAODIRECT SAILING TO: MUMBAI (BOMBAY) fT DELHI KOLCATTA (CALCUTTA) CHITTAGONG karachn COLOMBO Vl cmmqmjf ICD NEW DELHI bombay/nhava sheva* J
      218 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 3
      11 24 TRENDSWmf THE LINER SCENE PHUp t FORTNIGHTLY ON MONDAYS SHIPPING TIMES
      11 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 4
      206 24 BSA j, MYANMA FIVE STAR UNE vtssa wr w m m tm OHSNNIWmr S4W su NfiM VSMW SU M BAUTStA: NVSTEAD SMPfMC MOOD «ML U-Z*****M «L U-317M111 fßfc *4-2*124*7 Ml BANK LINE U wnrkt «l Jbfrtw WMr ttjpphg) VT NORTHBOUND TP EUROPE V CONWNB, tOtO, MJUIKAVTUFTS VBSa m MS MU
      206 words
Page thumbnail Page 25
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      116 27 IS Thunderstorm A Showers yC\ Rain Wind dire ct'on and speed in knots Cloudy Day weather XJ Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds I I Slight, < 1 2m J—One half fleche represents 5 knots .jfcj Moderate, 12m
      116 words
Page thumbnail Page 28