The Business Times, 15 May 2002
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2002-05-15
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The Business Times
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Title Section14 2002-05-15 1 THE BUSINESS TIMES MITA(P) 010/03/2002 85C SINGAPORE Internet: http://business-times.asial .com.sg WEDNESDAY, MAY 15, 200214 words
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Article69 2002-05-15 1 □m 1,***** (+9.46) kJff wwa nmmß mm 1,722 (-l.oo) naDDGIFUTUIBS mm tun (-0.40) STOGE MAHET INDICES TomdMy Chung* KLSEOQMP 7UI 412 NIKKEI 226 1UH.19 +1124 HANOSENO 11,680-31 -4112 SET INDEX 181* +1.42 JAKARTA COMP_M8jB +1.48 MANILA OOMP .1*714 -196 TAIPEI WPI ****** +1128 SEOUL COMP ***** +1148 SHENZHENS69 words
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Article60 2002-05-15 1 FOBSXIATO USI 81 U8t(SSpcrUSS) L8I7 £gIOS8parS|_Uil 2jB2 ECBO(USiSS/E}. mi 1.SS8 DM 1211 L22C YEN 128J 71.# MM UN INS HSS 7.718 Oil RAW 4181 2171 BOPlAi 1218 1128 PUMBBIXB SINGAPORE* U» KUALA LUMPUR 140 BONO KONG 6.12ft JAKARTA HM TA1PH 1726 TOKYO 1J7I 8B0CL— IM FRANKFURT US LONDON 4.0060 words
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Article, Illustration504 2002-05-15 1 Eddie Toh - He's charged with defrauding Omega Securities ofRM52lm From Eddie Toh in Kuala Lumpur FUGITIVE businessman Soh Chee Wen returned to Malaysia yesterday to face charges of breaching securities laws, after being on the run for the last three years. WhileREUTERS - 504 words
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371 2002-05-15 1 Aaron Low - By Aaron Low [SINGAPORE] Changes to the Central Provident Fund will be announced some time next month, but the changes are not expected to be drastic, Senior Minister of State for Trade and Industry Tharman Shanmugaratnam said yesterday. "The idea371 words
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Article, Illustration723 2002-05-15 1 Grace Tan - They spend only 20% of their disposable income on retail items Byi Grace Tan [SINGAPORE] Retail spending by Singaporeans is the lowest among advanced economies. Singaporeans spend only about 20 per cent of their disposable income on retail items, compared with 35Source: - 723 words
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Article73 2002-05-15 1 [NEW YORK] US stocks rallied for a second day as a surge in retail sales and higher profits at merchants shored up confidence in an economic rebound. By noon EST the Nasdaq Composite Index rose 3.28 per cent to 1,706.72. The Dow Jones73 words
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528 2002-05-15 1 Loh Hui Yin - nTiexclusTve Cheng family will soon own all of 222-yr-old Gieves Hawkes By Loh Hui Yin [SINGAPORE] Admiral Lord Nelson wore it. So did the Duke of Wellington who defeated Napoleon at Waterloo. Now businessman Cheng Wai Keung and male members of528 words
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Advertisement258 2002-05-15 1 W s Top stories Negative equity: HK banks move to help owners. Next Page teSN 8- Analysts see sliver lining hi April's NODX. Pg 7 ÜBS probed on Samsung Electronics. Pg IB iW ls[f' IS r BT Motoring Changes fuelling concerns. P0 22 Hook Look Slow Consortium relief better for258 words
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Advertisement27 2002-05-15 1 t 4F I r I have 100 guys walking around the streei wsth clients. They have five guys. Find out in BT's banking supplement on May 22.27 words
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Article, Illustration576 2002-05-15 2 Kalpana Rashiwala - exclusive 4 are brought to market by DBS Bank and one by Bank of China By] Kalpana Rashiwala [SINGAPORE] At least five completed freehold properties worth more than $100 million and either developed or bought by former Apollo Enterprises director and founding shareholder TjiaFILE PHOTO - 576 words
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527 2002-05-15 2 Audrey Tan - New seenritisatioii products may soon hit the market From Audrey Tan in Hong Kong BANKS in Hong Kong are working out schemes to help homeowners in negative equity borrow up to 140 per cent of their property's value, by teaming up with527 words
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Article, Illustration388 2002-05-15 2 SDfGTEL-IDA SUIT gel with a 'negotiated' compensation: IDA Uwyer Bloomberg (SINGAPORE! Singapore Telecom chief executive Lee Hsien Yang failed to negotiate a compensation contract, a government lawyer argued in Singapore's lawsuit against one of its biggest companies. The distinction countered the firm's argument thatBloomberg; ALBERT LIM/ST - 388 words
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ON THE grapevine
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Article109 2002-05-15 2 FORGET e-mail, v-mail is here. Sabeer Bhatia of India, the inventor of Hotmail free electronic mail service, is working on an idea that may heavily promote the use of mobile phones. He is testing technology to leave voice mail on phones without recording machines. The109 words
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Article93 2002-05-15 2 LATECOMERS to St Joseph's Institution's 150 th anniversary dinner, including this reporter, were treated just like students last Saturday evening. They were not allowed to enter the main hall until all the main speeches, including that of President S R Nathan, the guest of honour,93 words
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Page 2 Advertisements
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Advertisement286 2002-05-15 2 Strategy Mapping Balanced Scorocard 1 11 12 Jim* 2002 11-19Jum2002 I 9.00 am to 5.00pm Ss6tt 9.000 m to 5.00pm S$6M I Objective: Objective: I Integrating Vision-Mission, Key Success Factors and Techniques to develop ESC I Strategic Objectives into actionable initiatives, Implementation of BSC I monitored by quantifiable targets Build286 words
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SINGAPORE companies
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356 2002-05-15 3 Conrad Raj - It s&ys strategic reviews of subsidiaries are done regularly Byi Conrad Raj SINGAPORE Telecommunications (Sing Tel) said yesterday that strategic reviews of its subsidiaries are carried out regularly on an ongoing basis. "Such reviews may include the possibility of a public offer of356 words
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Article, Illustration445 2002-05-15 3 David Boey - Chairman takes over, pledging to return loss-making firm to profitability By David Boey ELLIPSIZ Ltd's chief executive officer Pao Ning Yu called it quits yesterday morning after months of "differences in opinion" with the board of directors at the loss-making semiconductor firm. Ellipsiz said its445 words
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Article889 2002-05-15 3 kalpana rashiwala - rrrrsiiock siew kalpana rashiwala THE recent Budget announcement introducing group relief is good news for many listed companies, as it helps to reduce their tax burden. However, it may not have gone far enough for some joint ventures because the relief applies only to companies889 words
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423 2002-05-15 4 Ven Sreenivasan - Uwer-thu-ezpected price fall shows move unlocked shareholder value: chairman By' Ven Sreenivasan THE performance of AV Jennings shares yesterday vindicates the decision to demerge the stock from parent MPH Ltd, Simon Cheong said yesterday. Speaking to BT from Sydney, Mr Cheong, chairman of MPH and423 words
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291 2002-05-15 4 Aaron Low - Byi Aaron Low ASIA is becoming one of the most exciting regions for investors, said a top French fund manager. "I see three main markets emerging. The first is Asia sans Japan. This region is very exciting and has set upon a291 words
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203 2002-05-15 5 Disclaimers issued Oil statements of Indon-linked firms Reuters THE auditors of debt-ridden Asia Food and Properties (AFP) and its 55 per cent owned palm oil unit, Golden Agri-Resources, said yesterday they disagreed with management's views of the company's accounts. Deloitte Touche, AFP's auditor,Reuters - 203 words
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COMPANY Briefs
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113 2002-05-15 5 Bloomberg UNITED Overseas Bank Ltd is in talks with Allianz AG, American International Group Inc and at least two others to sell its insurance products as Singapore's No 2 bank looks to expand and fend off rivals. UOB is the only one of Singapore'sBloomberg - 113 words
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Article42 2002-05-15 5 ASTI Holdings announced a multiple equipment order worth US$l.3 million from a leading semiconductor assembly and test subcontractor that operates a manufacturing facility in Shanghai, China. ASTI will complete shipping the equipment within the next several weeks.42 words
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Article64 2002-05-15 5 MEDIASTREAM Ltd, which asked for a suspension of trading in its shares yesterday, announced that the company is currently in negotiations to acquire all the shares of a private limited company. The company said it will issue an announcement containing the relevant details of the acquisition64 words
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Article80 2002-05-15 5 Reuters WESTECH Electronics is offering 18 million new shares at $0.35 each in its initial public offering. The distributor of electronics components, systems and equipment had told analysts early last week it had set a price range of $0.32-$0.35. The issue, which will beReuters - 80 words
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292 2002-05-15 5 Ven Sreenivasan - Option of 80C cash per share or 46C com new share in HK-listed parent By' Ven Sreenivasan THE parent company of Lung Kee Metal has made an offer for the 25 per cent in outstanding shares of the company. Shareholders can either292 words
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Advertisement1268 2002-05-15 4 Pacific century Regional Developments Limited (Incorporated in the Republic of Singapore) NOTICE OF THIRTY-EIGHTH ANNUAL GENERAL MEETING S? Tl £^L' S r„ H !L G |y EN that the Thirty-Eighth Annual General Meeting of the Company will be held at Swissotel The Stamford, Raffles City Convention Centre, Level 4, Enterprise,1,268 words
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Advertisement223 2002-05-15 4 Get(ol GetlT Multimedia Re Ltd., one of the pioneers in the corporate eLearning industry has just turned 5 years old! Visit us, at the Online Learning 2002 Asia, at Suntec City, Booth No Al3 to get phenomenal offers and discounts to jumpstart and enhance your eLearning initiative TODAY! STH Anniversary223 words
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Advertisement92 2002-05-15 4 §4**4 Spring Court 7V Oldest Chinese Restaurant in ■m. Singapore since 1929. 73 Annlvirsary Sptdal PEKING PUCK Umtod to on» per Üblt wfth mm. order of $50 onwards. V--*~ VM*» >*'> I i. t 50% OFF ON ALL 0 ALA CARTE 2 FOOD ITEMS FOR WHOLE l?I t MONTH OF92 words
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Advertisement87 2002-05-15 4 DIANXIN ATTHE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 224 3922 I €>■■*-J Managed by Mandarin Singapore O 7Ui Floor. Overseas Union Home, CoMycr Quay Singapore *****1 M: 223 4185 r n Spm\ ImtACUmtTmLmm ***** 12 Anßivtriiry Special PEKING PUCK —ifb liMiX I KvW of NHMf87 words
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Advertisement1017 2002-05-15 5 Next-Gen Carrier Solutions™ /Softel Ltd (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of iSoftel Ltd will be held at 9 Penang Road. #10-08 Park Mall, Singapore *****9 on Thursday, the 30th day of May 2002 at 10.00 a.m. for the following1,017 words
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Advertisement4554 2002-05-15 5 VOUMfTARY CONOTTIONAL OFFER by QoCßCßank Oaotooo Chrtese Bantong Corporation Urmletj (Incorporated m Singapora) tor and on beta* o» YEEKON LIMITED (Incorporwma m Itm Sraaft Vrgr) atomtal a wtwHy-owmed subsidiary of IEM LUNG KEE (BERMUDA) HOLDINGS LIMITED (tncorpormtd n flarmute; to acquire all the ordinary shares oI HK$lOO each in LKM4,554 words
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SINGAPORE markets
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Article, Illustration304 2002-05-15 6 OTHER SINGAPORE INDICES May 14 VALUE CLOSE ■TOMB 121.00 +148.00 BTCAM -*****.00 -9.00 HA -*****.00 +12.00 MkKMUn 457.50 +1.31 SGE«iinOKl 156.70 -K).94 1550.53 +4.28 KrpMnfWp 433.95 +3.78 MSaSasw* 218.00 +1.02 SWSQFstwes 215.70 -0.40 »>C020c 14,200,000 Frontline 5c 14.065.000 Roly IrrtUSlOc 13.007,000 Allied HK1 12.894,000 KLW Hklgs 10c 10.650.000 ASTI10C 10.607,000304 words
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Article, Illustration777 2002-05-15 6 larry wee - PTillonqer view CURRENCIES Greenback's upside correction overdue, but could be shallow larry wee THE week's big story for currency traders was a sharp jump in the fortunes of commodity-related currencies as commodity prices continued to soar, catalysed in turn by seemingly insoluble Middle-East tensions.777 words
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Article, Illustration781 2002-05-15 6 r. sivanithy - ii comment STOCKS r. sivanithy IT was "business unusual" in the local stock market yesterday as scepticism nudged aside greed and fear as the dominant emotion that drove prices. In the process, the line dividing the "haves" and the "havenots" which was clearly781 words
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Article2602 2002-05-15 6 UNIT TRUSTS FUNDS Cfseiect Balanced u» CitiSelect Asia Tilt Growth 1231 OtiSetect Asia Tilt EnhGrth 1 IV AM Amro MM Mgt (S'pore) CitiSetect Global Growth 107/ Star Europe Eqty' A 0.782/ CitiSelect Global Income 1.12/ Star Europe Bd 0976/ Citi Global Healthcare Fund 0.9V Star Europe Bal o 88/ Citi2,602 words
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SINGAPORE news
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515 2002-05-15 7 Chuang Peck Ming - I=H=4 on the economy exports Better showing expected to lead to growth in Jnne, Ist in 15 months By Chuang Peck Ming LAST month's non-oil domestic exports should offer a first peek at Singapore's export performance in the second quarter and indications point515 words
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327 2002-05-15 7 Kalpana Rashiwala - By Kalpana Rashiwala AMERICAN International Group (AIG) has taken a 50 per cent stake in City Developments' project on a "white" site in the New Downtown just awarded to CityDev following a tender that closed a week ago. BT understands that Japan's Mitsui327 words
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334 2002-05-15 9 THE Goods and Services Tax like the vehicle certificates of entitlement (COE) has proven to be a "goldmine" for the government, former Speaker Tan Soo Khoon said yesterday. GST revenue has exceeded original projections from day one totalling $1.52 billion in334 words
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252 2002-05-15 9 THE number of Housing and Development Board households that sought help with mortgage assistance shot up from 10,000 in 2000 to 14,200 last year. In the first quarter of 2002, the number already hit 4,000. Replying to queries from Hong Kah GRC MP252 words
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193 2002-05-15 9 AN India-Singapore committee has been formed to study the potential for closer economic ties between the two countries, with a joint report scheduled for June next year. The 10-member group, called the India-Singapore Joint Study Group, will be co-led by Rakesh Mohan, adviser to193 words
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Article638 2002-05-15 9 Anna Teo - wrHimw Ptßmuww. With good revenues, govt can further cut direct taxes if needed Reports by Anna Teo AGAINST a chorus of calls to defer the Goods and Services Tax hike, Finance Minister Lee Hsien Loong stood his ground, saying that strong surpluses give Singapore638 words
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Advertisement153 2002-05-15 7 The Straits Times Classified where j virtually avery I destination f is at your f&ry fl« n I JLdS fingertips, t I I Buy It SH It Find It j I 6 u 4 itr; I Business Gifts That Reflect Your Values A business gift from Tiffany sends a lasting153 words
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Advertisement260 2002-05-15 7 There's nothing better than the Hyatt life. Except paying lets to enjoy it. With our Great Deal rates* storting as low as US$5O, you con enjoy more for less at over 80 participating Hyatt hotels and resorts in Asia Pacific, Europe, Africa, the Middle East and latin America between June260 words
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EDITORIAL & opinion
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Article, Illustration683 2002-05-15 8 ronnie lim - I7TH bottom line OPINION ronnie lim The writer is BT's foreign editor GIVEN current economic realities, punters naturally place their chips on what they think is the sure bet Thus multinationals such as Shell, which has been mulling another petrochemical plant here, is nevertheless683 words
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Article84 2002-05-15 8 The troops are ready to fight Conditions have been publicly set for demobilisation that have not been met (President) Musharraf has overplayed his hand. The Americans are preoccupied elsewhere. And key figures in the Indian government are spoiling for a fight' -■kkaalKrepa a South Asia commentator, on84 words
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Article580 2002-05-15 8 EDITORIAL IF his remarks were designed to draw international attention to Taiwan, then President Chen Shuibian has certainly got his wish. In an interview to mark the second anniversary of his presidency, Mr Chen said the island wants to generate "more noise" to get the spotlight580 words
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Article, Illustration950 2002-05-15 8 Karim Raslan - Networking with China through Mandarin Knowing the language is crucial for Malaysia to tap into China's economy and interact with its future power players By] Karim Raslan The writer is a Kuala Lumpur-based lawyer and author BEFORE anyone gets carried away by the prospect of a renewed emphasis on theREUTERS FILE PHOTO - 950 words
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Article416 2002-05-15 8 Paul Thompson - MAILI.TBI Paul Thompson Assistant Professor in Accounting, Nottingham University Business School Malaysia Campus, via Internet I REFER to your article "Sing Post may be floated soon in one of S'pore's biggest IPOs" (BT, May 14). This letter is a cautionary tale. The UK used to have416 words
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134 2002-05-15 8 Basskaran Nair - Basskaran Nair Senior VP, Communications Capita Land I REFER to your article "Syed Mokhtar could decide Sing Mall's success" (BT, May 10). Pernas' subsidiary, Quek Shin Sons, is a minority shareholder of the Singapore Property Trust (with 30 million units or 4 per cent134 words
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Advertisement442 2002-05-15 8 FHTK HOLDINGS LTD (Incorporated in the Republic of Sing*xy») NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of the Company will be held at 20 Harbour Drive *06-02 PSA Vista, Singapore *****2 on 31 May 2002 at 2.00 p.m. for the442 words
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Advertisement98 2002-05-15 9 MpL. Ground Level I I HI W»UHMXJSmW«K I I HI wuia For Sale/Lease Best suited for office use Equipped with hoist beam to lift goods up to the floor, if necessary Most suitable for production, warehousing showroom or show office Your very own frontage Allotted parking for car and 20-ft98 words
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Advertisement274 2002-05-15 9 V|R€L€SS MOBILITY SHOWCASE here, nouj. and happening. Come experience a whole new world of wireless possibilities at the Wireless Mobility Showcase! Preview the latest wireless innovations and surf for free at our Moßistro Caf6! Check out the latest in mobile payment services, multi-media messaging and home wireless LAN. You can274 words
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FOCUS enterprise
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Article, Illustration576 2002-05-15 10 SIMONE ERASMUS - Not in Singapore, payment solutions start-up Ezypay tells SIMONE ERASMUS IF the success of the digital payment revolution in the US is anything to go by, Goh Chuan lau may be sitting on a goldmine. Ezypay, the company he founded three months ago, allows consumers and businessesARTHUR LEE - 576 words
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Article441 2002-05-15 10 BENNY Kan, the investor and finance director of Ezypay Pte Ltd, is also an entrepreneur himself having founded two companies and is an adviser to the Association of Small and Medium Enterprises (ASME). He gives The Business Times his take on the hurdles faced by441 words
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690 2002-05-15 10 Alex Thian - MAi l»^7| Alex Thian I REFER to your article "CPF to be allowed as risk capital?" In the present difficult funding environment, an entrepreneur will find it difficult to secure funding from third parties such as banks, venture capitalists and angel investors.690 words
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370 2002-05-15 10 JFK Miller - JFK Miller Head of Singapore and New Market (Asean) Development ACCA I REFER to your article "SMEs say it's high costs that hurt them most". (BT, Apr 12). Small businesses need a supportive environment in which to thrive. While the lower effective corporate tax rates370 words
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Advertisement5 2002-05-15 10 Create. Innovate. Market. In Singapore.5 words
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REGIONAL news
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529 2002-05-15 11 It's seen as a potential takeover target ahead of Malaysia's plans to award three 3G licences later this year Reuters [KUALA LUMPUR] Shares of Malaysian cellular firm Time dot Com have risen more than 11 per cent this month, on talk it wasReuters - 529 words
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Article, Illustration467 2002-05-15 11 TELCOSHAEEOUT Dow Jones Newswires {KUALA LUMPUR] Technology Resources Industries Bhd yesterday said a plan by wholly owned Celcom (Malaysia) Bhd to jointly bid for third-generation, or 3G, mobile phone spectrum, with rival DiGi.Com Telecommunications Sdn Bhd has been aborted. Celcom and DiGi haveDow Jones Newswires; AP FILE PHOTO - 467 words
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201 2002-05-15 11 KUALALUMPUR Pre-marketing of shares said to be at end of this month Reuters MALAYSIAN toll road operator Plus told fund managers yesterday it would sell RMI.6-2.5 billion (SS76O mil-lion-RMI.2 billion) worth of new shares in June. Fund managers told ReutersReuters - 201 words
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366 2002-05-15 12 Diana Oon Abdullah - Pact can include sale of power by either country: Tenaga chief From Diana Oon Abdullah in Kuala Lumpur MALAYSIA is looking to renegotiate its longstanding power exchange agreements with Singapore to one based on more commercial terms, Tenaga president and chief executive366 words
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Article, Illustration267 2002-05-15 12 BANGKOK But approval for bill conld take several months Reuters THE Thai Cabinet, under pressure from local businesses, yesterday agreed to amend the law to raise to 49 per cent from 25 per cent the foreign ownership ceiling allowed for ThaiReuters - 267 words
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302 2002-05-15 12 Diana Oon Abdullah - From Diana Oon Abdullah m Kuala Lumpur TWO foreign airlines here yesterday said they plan to increase their flights to Malaysia. Dubai-based Emirates airline, which has increased its services to Kuala Lumpur International Airport (KLIA) from three nonstop flights to seven a302 words
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NOTE Book
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89 2002-05-15 12 Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad, in Washington this week on a trip marking warmer ties with the United States, will sign an anti-terror pact with his host George W Bush, officials said yesterday. The Malaysian leader was also expected to discussReuters - 89 words
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Article70 2002-05-15 12 Bloomberg [KUALA LUMPUR] 101 Corp, the third-largest publicly traded plantations company in South-east Asia, said its third-quarter profit fell 23 per cent after its tax payments increased. Profit for the three months ended March 31 fell to RM107.2 million (5550.6 million), or 11.5 senBloomberg - 70 words
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Article73 2002-05-15 12 Reuters [BANGKOK] Thailand's economy grew foster than expected at about 3 per cent year-on-year in the first quarter thanks to strong domestic consumption and a recovery in the construction sector, a state think-tank said yesterday. The National Economic and Social Development Board (NESDB)Reuters - 73 words
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63 2002-05-15 12 Bloomberg [JAKARTA] Indonesian business confidence rose in February and March after flooding and Inflation left companies gloomy about their prospects in the previous two months, a government survey showed. Danareksa Research Institute, a unit of state-owned investment bank PT Danareksa, said its Business Sentiment Index roseBloomberg - 63 words
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Article, Illustration299 2002-05-15 12 Al Labita - Phisix down despite US fund's move to reactivate Philippine portfolio From Al Labita in Manila A US pension fund's plan to reinstate its US$l5.7 million equity investment in the Philippines failed to excite trading yesterday as bearish sentiments continued to hound the market.AFP - 299 words
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Article, Illustration534 2002-05-15 13 Harish Mehta - =Unit has surged to 32-80/42-90 vs SSS, from average W43.74 in Q1 JQwn Harish Mehta gi Bangkok jgGME quarters in Thailand Sre beginning to lose sleep 3JJrer the recent strengthening of the baht, fearing that 2 would be a spanner in the StrengtheningAFP - 534 words
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Article, Illustration512 2002-05-15 13 Shoeb Kagda - It saw rapid expansion from '97 onwards by focusing on SMEs From I Shoeb Kagda in Jakarta WHILE the majority of Indonesian banks suffered heavily from the onslaught of the financial crisis in 1997, Bank NISP, on the other hand, experienced its most rapid expansion over512 words
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165 2002-05-15 13 HONGKONG Reuters AS Asian equity markets have rebounded, Hong Kong pension fund managers are bemoaning a rule that limits their ability to invest in Taiwan, saying it could curb much needed gains in employees' retirement funds this year. "I think Asia-Pacific fUnds wiUReuters - 165 words
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ASIA Notes
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Article67 2002-05-15 13 Bloomberg [HONG KONG] Hong Kong's A3 rating, three notches above the lowest investment grade, was affirmed by Moody's Investors Service, which cited its ability to maintain "fiscal and economic autonomy" since Britain handed it over to China. The city's "positive" outlook was also affirmed byBloomberg - 67 words
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75 2002-05-15 13 Bloomberg [BANGKOK] Thailand's housing and property may riae by an average 20 per cent this year as low mortgage rates attract more buyers, according to a report by Jones Lang LaSaDe. Sales at firms like Land Houses, Thailand's largest residential developer, roee an averageBloomberg - 75 words
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56 2002-05-15 13 AFP [TAIPEI] Taiwan Is expected to raise its 3002 gross domestic product growth forecast to 2.7 per cent amid signs of an economic recovery, the BconomkDaify News said. On Fttday, the Directorate General of Budget, Accounting and Statistics is to revise upward its perAFP - 56 words
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26 2002-05-15 13 Bloomberg [TAIPEI] Powerchip Semiconductor Corp, Taiwan's second-largest maker of cotnputermemory opened its US$l3 billion plant capable of making the largest industry wafers.—BloombergBloomberg - 26 words
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Article322 2002-05-15 14 Mm could result in integrated market ofL7b people AFP [BEIJING] Senior trade officials from South-east Asian countries and China yesterday launched the first round of talks on setting up a free trade area (FTA), which could cover a third of the world's population. "To formallyAFP - 322 words
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315 2002-05-15 14 Macabe Keliber - CROSS-STRAIT DEALS It signals fester pace of mainland investments, say economists From Macabe Keliber in Taipei IN what economists see as a clear sign of the quickening pace of cross-strait investment, a number of Taiwanese companies have recently applied to the315 words
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123 2002-05-15 14 BEIJING Bloomberg CHINA National Offshore Oil Corp chairman Wei Liucheng left Beijing for Taipei yesterday in a third attempt to reach agreement with Taiwan's Chinese Petroleum Corp to look for oil under the sea between Taiwan and China. The twoBloomberg - 123 words
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Page 11 Advertisements
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Advertisement211 2002-05-15 11 www.mi.com.sg Everywhere under the sun. m Ml introduces Sunrisers. an exclusive programme dedicated to bringing the royal treatment to a select few. Meeting your individual needs with a host of privileges and benefits. Just for you, savings of up to $500* on your next handset upgrade, so you'll Free 16K211 words
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Advertisement16 2002-05-15 12 [TTflffV Mj Mn^^H HHHHI^ '■■MflHHllHHlMil^^^l^BV J V M M mm _iIM v'm M U B ■■■■■PPPPWiwpww'16 words
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Advertisement87 2002-05-15 13 Every part of the street should be a safe place to cross. 1 yslet. we look ,il the toad with pedestrians it) rmrid. hioh is //hy .v.-'"- de /<iop':;inf tecugnition system fot out vehicles (he purpose* ol fins feehnolo^y //ill be to sens''- an-obstacle ahead of the car, and help87 words
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Page 14 Advertisements
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Advertisement999 2002-05-15 14 trHORIZON Notice of Annual General Meeting "S iIF GMEN that the 3rd Annual General Mating of the shareholder, of the Company will B 7 To f P *y° h North *01-01/03 Singapore *****2 on Friday, 31 May 2002 at 5p mto transact the following business. ORDINARY BUSINESS 1. To receive999 words
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Advertisement904 2002-05-15 14 THE MATTER OF THE COMPAMES ACT, CAP, 50, Section 291 (1) AND hi H» Matt* of WANOa GLOBAL SERVICES PTE LTD BY Dnecrora OF COMPANY'S MAHLfTY TO CONTINUE BUMNEU BY REASON OF ITS LMSSJTES The Regoter of Comparaes, Singapore Wa. Stanley Michael Condy of 4, 4* Street Parkdale. Victoria 3194904 words
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Advertisement925 2002-05-15 14 DOVECHEM STOLTHAVEN LIMITED I (Incorporated In The Republic of Singapore with Limited Liability) NOTICE OF ANNUAL GPMFBAI HFFTIHfi hi?r[ £^QT HEREB o Y 9 that the Annual General Meeting of Dovechem Stolthaven Limited ("the Comoamn will to I held at I#Tanjong Penjuru. Singapore *****1 on Thursday, 30 May 2002 at925 words
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WORLD news
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374 2002-05-15 15 NEW YORK Its new measure of operating profit will make counters look more expensive Reuters JUST as you thought a brutal two-year stock decline has made equities cheaper, market research firm Standard Poor's is expected to put out fresh meat for stockmarket bears.Reuters - 374 words
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369 2002-05-15 15 LATEST US INDICATORS This is biggest rise since anto-led surge of &2%6mthsago Bloomberg [WASHINGTON] US retail sales rose more than expected last month, spurred by increased spending at car dealers, petrol stations and department stores, government figures showed. The 1.2 per centBloomberg - 369 words
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Article181 2002-05-15 15 SYDNEY Bloomberg NEWS Corp, the media company controlled by Rupert Murdoch, had a quarterly loss of U553.99 billion because the value of its stake in Gems tar-TV Guide International Inc declined. Sales rose 18 per cent, boosted by the company's film unit. TheBloomberg - 181 words
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Article137 2002-05-15 15 Reuters [LONDON] Oil prices climbed yesterday to an eight-month high in the US as traders predicted a further shrinkage of the crude stocks cushion and pondered a possible supply crunch by year-end. Benchmark Brent crude rose 37 US cents to U5526.95 a barrelReuters - 137 words
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Article473 2002-05-15 16 TOKYO Bat telecoms giant predicts sharp recovery in year to next March Reuters JAPAN'S largest telecoms firm Nippon Telegraph and Telephone Corp lost a record 812 billion yen (5511.6 billion) last business year when it overhauled its workforce and wrote down investments overseas. TheReuters - 473 words
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224 2002-05-15 16 Reuters [NEW YORK] Weak corporate spending is expected to take its toll when Hewlett-Packard Co and Dell Computer Corp report quarterly results later this week, although HP's bottom line should benefit from cost-cutting ahead of buying Compaq Computer Corp. HP was scheduledReuters - 224 words
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272 2002-05-15 16 HOUSTON Reuters IN the latest blow to investor confidence in the troubled energy trading sector, Reliant Resources Inc on Monday said it engaged in transactions intended solely to boost trading volumes and puff up revenues. The admission by the Houston-based power company and energyReuters - 272 words
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Article, Illustration307 2002-05-15 18 SEOUL It slashed rating of the company's shares, triggering a stock plunge Bloomberg SOUTH Korean regulators are investigating ÜBS Warburg after the brokerage slashed its rating of Samsung Electronics Co shares, triggering a stock plunge. The revision wiped US$3 billion off the company's market valueBloomberg; Source: Bloomberg - 307 words
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224 2002-05-15 18 ZURICH Reuters ÜBS AG yesterday said its net profit fell 14 per cent in the first quarter and named a new investment banking head in a management shakeup designed to fortify its international growth strategy. After its first full quarterReuters - 224 words
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Article, Illustration379 2002-05-15 21 HOUSTON His testimony on document-retention policy is crucial to case against firm LAT-WP FORMER Arthur Andersen accountant David Duncan said Monday that he orchestrated a campaign to destroy Enron Corp audit documents and knew at the time he was breaking the law. "ILAT-WP; REUTERS - 379 words
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Page 15 Advertisements
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Advertisement25 2002-05-15 15 I Lianhe Zaobao I ISwek I I leng Beng I I not keen on building I I office I I blocks! ■Sml ?i4iToif!TiW?n 1 BylH!KTiwi^^B25 words
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Advertisement310 2002-05-15 15 ..■wm v -MPI Ml.- m f' 1 4**7 V-=, f~ Why pay more when you can buy for less... on THAI'S Business Class v BANGKOK JAKARTA TAIPEI SEOUL HONG KONG $688 $588 $1788 $1788 $1588 lip. GUANGZHOU BEIJING SHANGHAI CHENGDU KUNMING $1588 $1988 $1988 $1488 $1488 TOKYO OSAKA NAGOYA FUKUOKA310 words
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Article, Illustration1102 2002-05-15 16 Transaction date: May 14 AMenes Maun>g>iy, Short l-3)W. Lanj>3>w| nTTHKBAMKOOSSEATBS AS d i— tfo Ffr IH It Mli »gj* Yw Won H 02$ E* Os N» i$ *mt Sir m ■*> Hmt M» Antra** 0152 4.527 0.602 4.054 1.201 4253 24.727 50.550 1700 6.996 2.073 1.198 32.798 27.054 0.9661,102 words
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Article1400 2002-05-15 16 noonruTum Mayu V&ZSST**"* Om Mm Op«i iKI u» sm flw») h>nt Jw 02 12SL25 *02 ***** km« ***** S*02 B5.75 KS3(Ulc«tata) Mm Opts MwO *#i Uar Srtt (t—w) Mirnt JM 02 6100 68.00 6150 400 1600 *02 68.00 6100 6125 500 2925 6100 6100 6125 500 2925 S* 021,400 words
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Page 17 Advertisements
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Advertisement807 2002-05-15 17 Page toll-free 1800 289 8822 Email r*cnrits»»ph China Aviation Oil (Singapore) Corporation Ltd (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Bth Annual General Meeting of China Aviation Oil (Singapore) Corporation Ltd ("the Company*) will be held at the Auditorium Room,807 words
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Advertisement803 2002-05-15 17 NOTICE OF ANNUAL GENERAL MEETING NOTICE 13 HEREBY GIVEN that the Ninth Annual General Meeting of Flextech Holdings Limited (the Company*) will be held at The Board Room, Flextech Holdings Limited. Blk 25 Kallang Avenue #03-06. Singapore *****6 on Thursday. 30 May 2002 at 2.30 p.m. for the following purposes803 words
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Advertisement1002 2002-05-15 17 MEDIARING.COM LTD (Incorporated in Singapore) NOTICE QF ANNUAL GENERAL MEFTIMfi ai sm9apore AS ORDINARY BUSINESS 2 To'MledlhetolcwnngDwcawsfeiinngpureuant toAfMes 104 and 108ofIfwCompany'sAftides ofAssooation:- (Retofcmon 1 Mr Thomas Kalon Ng (Rebnng under Article 104) Mr Pol Luaen Corneel Hauspte (Retiring under Article 104) n ."J 0 Mr Khaw Kheng Joo (Rebnng under1,002 words
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Advertisement363 2002-05-15 17 AYALA international holdings limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 42nd Annual General Meeting of the Company will be hek} at 250 North Bridge Road #15-04, Raffles City Tower, Singapore *****1 on Friday, 31 May 2002 at 3.00 p.m.363 words
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Page 18 Advertisements
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Advertisement3467 2002-05-15 18 M r<cniit5e»ph.coa St MM——I I I I B— ACHIEVA LIMITED (Incorporated in the Republic 6f Singapore) t NOTICE OF ANNUAL QENMAL MEETING ssk*. tsssa b,h^a,24 <*«* OmMNARY BUSINESS 1. To receive and adopt the Directors' Report and Audited Accounts for the year ended 31 December 2001. (Resolution 1) 2. To3,467 words
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Page 19 Advertisements
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Advertisement1116 2002-05-15 19 ACE DYNAMICS LIMITED (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 38th Annual General Meetinq of ACE DYNAMICS LIMITED will be held at 1 Shipyard RoacT Singapore *****8 on Friday 31 May 2002 at 10 00 am for the following purposes1,116 words
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Advertisement182 2002-05-15 19 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF CHILEON PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50. the Final Meeting of the members and creditors of the182 words
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Advertisement1517 2002-05-15 19 VIKAY INDUSTRIAL LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETINQ NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Vikay Industrial Ltd will be held at Seminar Room 2, Level 6 Carlton Hotel Singapore, 76 Bras Basah Road, Singapore *****8 on the 31st day of1,517 words
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Advertisement139 2002-05-15 19 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF SESTY CORPORATION PTE LTD (In Members' Voluntary liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Members of the obovenamed139 words
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Advertisement166 2002-05-15 19 r ADVERTISEMENT FOR CREDITORS IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF HAPAG-LLOYD LEASING PTE LTD (IN MEMOIRS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that the CREDITORS of tha abovenamed Company, which is being wound up voluntarily are required on or before 15 June166 words
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Advertisement1809 2002-05-15 19 NEW TOYO INTERNATIONAL HOLDINGS LTD (Incorporated in ihe Republic of Singapore) NOTICE Of 6* ANNUAL GENERAL MEETING NOTICE IS HEREBY GfVEN that the 6* Annual General Meeting of the Company will be convened and Woa Sin ,X 60T07 30Mo, 2002 a> AS ORDINARY WJSWESS To and adopt the Audited Accounts1,809 words
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Article2360 2002-05-15 20 Transaction date: May 14 IKUALA LUMPUR h««»Nedw 354 002 23 Vol 230 402 2 <iM COOO) FW Industries 0.33 001 14 G*ldnq 1 )g 0 06 59 ASM Realty 1.27 unch 18 Gamuda 640 005 2514 Atone 189 -001 38 GanadCorp 101 002 9 ACP Industries.. 3 44 02,360 words
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Article567 2002-05-15 20 Transaction date: May 14 5 O—'[ rn O— Ommm ?5 1S0 SST ,S(k 9U Jj 0M Own ScmCond 26c 164 4.400 <0040 QUI 0 53 7 I OtLtU»?Mc on mULi '"•"WyHJSc 031 OJIO SSMmS?"* SS ?5S g g£ Loo 0 45 1S20 <,040 0» ?JS° til ?"5 f*® 0567 words
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Article485 2002-05-15 20 BONDS WARRANTS IT Eaar 'SS 1 S— ffH* Na Gaariag Left AST1VW***** J75 0.5 77 1 ,4 1 1» 25 Am1!«HDW to" J 50 458 3." AmtekW*****0 M unch 1*3 1 33 1 150 37 *™f™gW*****0 i "7 1 10 17 300 24 *-*>odPW*****2 AS 1 166 2462 13 00485 words
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Article4762 2002-05-15 20 Transaction date: May 14 for more, go to wwwjasiaxmetimarketsjcorn HONGKONG A70 «3o 2121 U.t Interchina Hldgs 1.24 unch 0 1* Infl Bank of Asia 2.10 -005 1374 Ao^Muhimedia 0.20 £03 3£ fiSStZI ZZAS 55 146? nro Jiangso Express H— .2.18 0 03 3176 23Effi3r il^J: 5 £2J "2?4,762 words
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Page 20 Advertisements
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Article3387 2002-05-15 21 Transaction date: May 14 for live prices, log on to wwu \asiao7lenlarketsjcom is a .p- ;sfa.«-t 6 ABNAmroNLG 56c 9 12 14 in 0 5 52,3 23 5 23 07 8 a7 30 g 540 358 c APBBrewenes S35 *5 2 535 535 535 540 23.8 21 453,387 words
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Article55 2002-05-15 21 c-y-y a w. a *sr u. ayg, "g ra -ag 11*0 <0 I Diamonds l/S9960cd SMO MJO i IS(MUST«h UMfOO 85 tSMSd Spore US57S .II"*"***" 'WO WTO s ISSAKOO 1/*****0 1J150 9H0 s SPORS US***** I I I I I 1®S 170* t ST1ETT100 —1715 *2 11 174255 words
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Article1137 2002-05-15 21 ■ffk "-ri a a.-; m-rt g-a-sa 12.5 12 C ABWIIidySc ...17.5 >0.5 102 18 175 175 ill s S=s <£ s 3 3 s B M S 'V 5 s 5 tss 41 I? a 151 AutrMi IS 25 unch 10 25 25 25 26S 27 w 11,137 words
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Article360 2002-05-15 21 jw om, Last OaMi GrOfc Or. CrVM MM MCas t— riWUM U* W- <88 U» —If Wfcr Cw m <3 105 98 AVJenrimgs 100 A 99aJ S3 105 98 99 101 115 <0 AV Jennings A2Sc A lOOcd 13 3016 107 97.5 99 5 100 40 34 10360 words
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Page 21 Miscellaneous
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Miscellaneous172 2002-05-15 21 CKVPTIC CROSSWORD way of the country 9 25 One by one, the team appears (6) mail after eviction (9) out. 14 Scotch 15 Justaminiite 10 12 NumberinVenioe?(9) 19 Cosset, 20 New Delhi, 22 14 Heroism shown by every- Fowl, 23 Leadrtgman 25 RevOOWN body inside rocket-launching elry, 26 Whether. 1172 words
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BT motoring
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Article, Illustration414 2002-05-15 22 l-i It plans to assemble 3-series and move to manufacturing gradually GERMAN luxury car-mak-er BMW Ag is hopeful it will receive permission for its first Chinese plant this year. Helmut Panke, BMW's newly appointed chief executive, told BT last week that "we're still414 words
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BUMPER to BUMPER
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101 2002-05-15 22 NISSAN Motor, 44.4 per cent owned by Renault is poised to sign a joint venture agreement with Dongfeng Motor, its partner in China. But the Financial Times said negotiations were haing hindered by a disagreement over control. Nissan president Carlos Ghosn said a deal with101 words
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Article116 2002-05-15 22 TOYOTA is planning a 800 billion yen (S88.4 billion) share buy-back after a record increase in fUll-year profits, according to the Financial Ttmes. The company, which has cash reserves of about UStSO billion, plans to buy back up to 170 million shares or 4.6 per cent116 words
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117 2002-05-15 22 ASTRA International, Indonesia's largest automaker, said car sales in April rose 58 per cent from the year earlier as domestic sales increased. Asfra's sales of assembled Toyota, Isuzu and Daihatsu vehicles, apart from other models, rose to 16,437 units in April from 10,389 units117 words
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Article, Illustration100 2002-05-15 22 TOYOTA Motor saki an Monday it would supply 10,000-20,000 dieeel engines per year from 2003 to BMW for the German carmaker's Mini brand (above). Reuters reported that the Toyota engines would be shipped initially from Japan to the production centre for the Minis in100 words
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Article153 2002-05-15 22 AFTER resisting the technology for years, it looks like Toyota Motor will fit future cars with continuously-variable transmission (CVT) after all. Aisin AW Co, a Japanese auto parts maker with Toyota, will set upa joint venture in Japan with the Robert Bosch group of Germany153 words
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Article107 2002-05-15 22 MITSUBISHI Motors reported its first profit in three years, opening the door for further investment by DaimlerChrysler, which currently has 37 per cent of the company. In the year ended March 31, Mitsubishi posted net profit of 11.3 billion yen (Ssls9 million), and said it107 words
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93 2002-05-15 22 Christopher Tan - Compiled by Christopher Tan GIOVANNI Agnelli, honorary chairman of Fiat, is going to the US for treatment of a long-standing prostate condition, reported AP. Last week, rumours that Mr Agnelli, 81, was dead had raced through the Milan stock exchange. "To avoid rumours93 words
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Article, Illustration841 2002-05-15 22 CHRISTOPHER TAN - While oil majors say they welcome changes including white pumps, they also call for a level playing field Alt reports by CHRISTOPHER TAN OIL companies operating here are bracing themselves for changes that might undermine their most lucrative business: retail petrol sale. On the back of heavyARTHUR LEE - 841 words
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Article, Illustration318 2002-05-15 22 LEADING taxi operator Comfort Group is keen to set up "white pumps" (nofrills petrol stations selling non-branded fuel), BT has learnt. The listed, unionlinked company sees potential in the venture, as it would complement its growing diesel retail business. It is eyeing pump sites onCompiled by BT - 318 words
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Page 22 Advertisements
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Advertisement1146 2002-05-15 22 For the latest open market value rates off passenger care, go to tittp^/app.internetgov.sg/scripts/fta/3_2_oMV.asp JURONG ENGINEERING LIMITED (Incorporatsd in me Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 31 st Annual General Meeting of the Company will be held at the Board Room, 25 Tanjong1,146 words
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PERSONAL investment
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Article, Illustration730 2002-05-15 23 Genevieve Cua - By Genevieve Cua SEPARATE managed accounts may be out of many investors' reach, as the minimum investment could start at US$5O,OOO to US$lOO,OOO. But there are a few insights you could glean from the offerors of such accounts on asset allocation and risk730 words
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Article966 2002-05-15 23 Robert Halili - markets By Robert Halili The writer is managing director of Asia Insider. He is assisted by Ngia Soon Chai PROFTT-taking and a general lack of investor confidence kept the local market from rising despite better-than-expected Q3 results from network giant Cisco last Tuesday. The Straits Times966 words
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Page 23 Advertisements
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Advertisement445 2002-05-15 23 Thejandnw* Rn*nci*l Adviser's Act wet passed by PerMement in Oct 2001 end wHI cow Ink) fcyca by 9q I to"*™ firm briefed youonltsDeepbverl? How wtfi trie Finanaal Advmr's Ad allad you? HowweyoupoelboningyouridftoeMploiieieevrtmeheofcfwwlwiiwehrtd? Arevcxjawweiha' Financial Adviser's A (fcptoma or higher, preferably in a finanoa-raiaMdacipine, CU. IP. FNA. CH» andtar toweeanant Rapreaanlalm)445 words
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EXECUTIVE money
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Article, Illustration1113 2002-05-15 24 GENEVIEVE CUA - Managed accounts, which offer better transparency, may be the future as the size of funds parked in such accounts in Asia swells, reports GENEVIEVE CUA GENEVIEVE CUA IF YOU'VE long fought shy of investing in a unit trust because you think it lacks transparency, you mayREUTERS FILE PHOTO - 1,113 words
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630 2002-05-15 24 Genovieve Cua - By Genovieve Cua THERE are key differences between separately managed accounts and unit trusts; both vehicles have their own sets of caveats. Managed accounts and unit trusts are similar in that investors' funds are managed by professional fund managers. But the key difference630 words
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Page 24 Advertisements
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Advertisement82 2002-05-15 24 m V/?J m wl X. -wM By* memi -JlHfl f v I 'T -1- NhH I >—_ ffejgM' >•-# J^H U*BN AMBO Ban, Citibank OOBSBANK oSSSII ff.U -%7.„. T MtMQtm WIWMM) MUIIMW MlMmni) M:IW4NM) MIMWMH MIMUUIiI SSS-JjK^ rr u v* n,o,mi on r'"" not ton,, u 4o,,t,! ,ofl h <082 words
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Advertisement7 2002-05-15 24 Poor step* to managed account, Pg 237 words
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SHIPPING TIMES
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Article275 2002-05-15 25 Reuters THE Baltic Dry Index (BDI) rose two points to 1,040, the Baltic Panamax Index (BPI) gained six points to 1,065, the Baltic Handymax Index (BHI) fell three points to 7,771 and the Baltic Capesize Index (BCI) was unchanged at 1,169. ♦World Umpire (built 1963) 47,623 dwt deliveryReuters - 275 words
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Article271 2002-05-15 25 m 'ooe TM CWTDWributtpn 0.80 -0.02 6 ChuanHup 0.43 -0.01 266 Cosco Invastmant —0.25 unch 344 FraioM Links 0.06 unch 0 GB Holdings... 0.81 0.01 80 IMC HoMlngs-HK 5.60 unch 0 Jaya Holdings 0-25 unch 1025 Kapp*< Corp 4.36 0.06 364 K*pp*< Marin* 0.20 0.01 6615 Kapp*< TM271 words
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Article, Illustration582 2002-05-15 25 Donald Urquhart - Lines, operators warned of incursions at LA, Long Beach ports By Donald Urquhart [SINGAPORE] The US Coast Guard has warned shipping lines and terminal operators in the Ports of Los Angeles and Long Beach to be vigilant after intelligence reports indicated IslamicPAI KEITH ALHOLM/US COAST GUARD - 582 words
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266 2002-05-15 25 AFP [MANILA] The owners and crew of a Philippine ship, which caught fire and sank last month killing an estimated 74 people, may be prosecuted for negligence, the government officials said. A fact-finding committee investigating the April 11 fire on the 680-tonAFP - 266 words
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Article, Illustration127 2002-05-15 25 [SINGAPORE] Hutchison Port Holdings (HPH) is reportedly pursuing a stake in Northern China's Qingdao port. Hong Kong's Chinese language daily Wenhui quoted Hutchison general manager Li Jiacheng as saying that a decision was expected soon on the potential investment, which would represent the company's127 words
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PORT Shots
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Article92 2002-05-15 25 [SINGAPORE] The stricken fully laden very large crude carrier Front Tobago, which was denied refuge entry into Taiwan's territorial waters after suffering engine failure off the coast, is heading to Singapore for repairs. Expected to arrive under tow next week, the adrift Frontline tanker discharged92 words
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Article65 2002-05-15 25 [SINGAPORE] Singapore-listed, Hong Kong headquartered commodity trading and transport group Noble has diversified into the coffee business. Noble Group has formed a Vietnam-based subsidiary known as Noble Coffee SA and appointed Jens Nielsen as director. Group chief executive Richard Elman said Vietnam—the world's second largest65 words
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Article, Illustration779 2002-05-15 26 David Hughes - STRAIT TALK By David Hughes ANY list of the most contentious issues in shipping today would undoubtedly feature open registers near, if not at, the top. There is not even consensus on what they should be called, with theFILE PHOTO - 779 words
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Article194 2002-05-15 26 PAGE Glint Avint to >to* to B'twgHas 5 m «N< 1 4 BSA 4 Hamtwrg-Sud 5 BSC K) «<** 9 BTL 10 Htimq-K 3 CMACGM 3 HubUne 10 C0SC0 3 NUAl 10 Central Ex 4 "V™* < Clwhaya W "Cm* 4 OmSlvq S 9 Confer 10 9194 words
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Article14874 2002-05-15 30 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advert tie* Vessel Voyage Telephone SIN Dnfn Nan* Name Number Number SIN De*t*n Item Name Number Number 24/05 15/06 CMA COM CHICAGO BRIDGE Of* 65******00 TO ABIDJAN (ABJ) 2003 Cot* D'lvoire 25/05 W/06 China Shpg TRADE HARVEST WK*14,874 words
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SHIPS IN PORT
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Article659 2002-05-15 35 ,u Voy No Berth Arrival Departure LICt I JOS V4/05/315 15/05/600 81W ?M8 502 JOI 14/05/8:45 I4/05/I500 11CAMA ***** JOI 14/05/9:10 14/05/18:00 MAR1NEVIRTUE VR1405 JK H/05/755 M/05/2000 WRISTAR 2 2BS02 J03 14/05/810 H/05/2200 I ***** J05 M/05/B-.20 15/05/900 BAYSRATER118 M2116 JK M/05/800 M/05/1600 em PUTRA ETt J06 14/05/8:40659 words
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Article1849 2002-05-15 35 RECEIVING OF EXPORT FCL COMTAIHERS AND LCL CARGO BooMm/Mmc* Rstls Ship Voy No Etb/Btr Portod From To Fro* *CH«n» in ivaoo u *moo votw Mffiw M on IT/4J0 M tVBW Mffiw *,^0C »vhoo Kim torn M MffiW B/0t» IV090C MffiW B/OtW rywoc 3 B/OTW BffiW BffiW 4 IVBOO1,849 words
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Article426 2002-05-15 35 M Mai 990.9 0.4 173 0.06 52 0.04 22L* —t«f htMw Sifcvi.t No above E25 0 0 4 0 0 0 *0 W-4 0.2 M3 0.05 26 0.02 «4rt« %,/v _4"" 380 9913 03 19.0 0.09 53 0.04 unri %w %u No above 635 2 0426 words
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Article170 2002-05-15 35 May 17 Norway: Constitution Day lhyN Norway: Whit Sunday South Korea: Buddha's Birthday Sweden: Whit SundayMay 20 Canada: Victoria Day Germany: Whit Monday Norway: Whit Sunday Sweden: Whit Monday Switzerland: Whit Monday May 25 Brunei: Prophet Muhammad' Birthday Indonesia: Prophet Muhammad': Birthday Malaysia: Prophet Muhammad'! Birthday May 26170 words
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Article813 2002-05-15 35 THIS report compiled by Cockett Ma rine Oil Ltd. show's price ranges in ITS dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagestzed stem Market movements are indicated The Cockett Bunker Price Index change and the813 words
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AIR & LAND transport
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464 2002-05-15 36 Recommendation opposed by airlines, Aussie competition, consumer panel Reuters [CANBERRA] Price regulation at Australia's major airports should be replaced by a "light-handed" regime in which prices are monitored but not capped for a five-year probationary period, the Productivity Commission said yesterday. In itsReuters - 464 words
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Article, Illustration561 2002-05-15 36 AXRLDfE RESULTS It expects Q2 to be higher than Ql's due to higher costs Reuters [BASEL, Switzerland] Switzerland's new national airline Swiss on Monday posted a smaller-than-planned first-quarter loss and forecast its full-year 2002 loss would also be narrower than budgeted. TheReuters; AFP - 561 words
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265 2002-05-15 36 AFP [MANILA] Philippine Airlines (PAL) posted an unaudited net loss of 1.5 billion pesos (5554.6 million) for the year to March compared to an audited net profit of 419 million pesos a year ago. PAL president Avelino Zapanta said on Monday theAFP - 265 words
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Article, Illustration414 2002-05-15 36 George Joseph - By George Joseph [SINGAPORE] British Airways (BA) is going all out to ensure that England's football team arrives fighting fit for the World Cup in South Korea and Japan. As official airline of the team, BA wants to ensure that theAFP; REUTERS - 414 words
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Article1720 2002-05-15 36 OTY rUBff ttt MB W $***** 1555 $***** 2305 mm* imm m unsa w» umu z»o S0230 845 or* 1805 IH9766 2350 hntwlMi $023 0605 HUM 2225 S02> 2MB 6*975 Q25 WM M1W 1725 WW tM>0w $0003 #50 C2352 08# tt*m mm am am am ww1,720 words
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Article193 2002-05-15 36 CHINA NORTHERN CRASH Reuters [BEIJING] Salvage workers have fished from the sea one of two black box flight recorders from the Chinese airliner which crashed off the country's north-eastern coast last week, the official Xinhua news agency said yesterday. The recorder was found at 15:05Reuters - 193 words
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Page 25 Advertisements
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Advertisement279 2002-05-15 25 Law and onler on vends, responsibility of flag states jjQ| g■ Investment Opportunity I For Sale, ship repair centre in busy Antwerp port directly from owners Land surface in excess of 370,000m 2 Lease until 2048 with indexed annual lease Six operating graving docks with max. capacity 312 metres. Nine279 words
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Advertisement105 2002-05-15 25 ACT NOW! Exhibit at MARTECH 2002 International Conference Exhibition 18-20 September 2002 MARITIME ACCIDENTS Is Simulation The Answer? Singapore Maritime Academy Singapore Polytechnic 500 Dover Road Singapore *****1 To book an Exhibition Booth, please call, fax or write to: Ashok Mulloth Tel: (65) 6870 6178 (65) 6772 1316 Fax: (65)105 words
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Page 26 Advertisements
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Advertisement640 2002-05-15 26 1 TPWA/QWAD* 3 i mamrr i i othbh DeaimAnons !?fL. I .7^,l?f!?t M, 6 y ot l** iI s l" 0l CTO 1 l lM '^l qBC a 1 maw* 5*20 IVM I 15/051 Jl/tS 04/H 05/ M tVM IVM 01/04 1 1 .-.f *"■< nanauMs inn 21/w 121/051 a/%640 words
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Advertisement86 2002-05-15 26 WORLDGATE EXPRESS LINES PTE LTD /j. 180, Cml Street, *16-03.04, fnglioli Bank BuMng, fpora QQQ J TeJ: *****911 Fax: *****073******863 Email: wastedmbox2.singnetcom.sa WEBSITE: http://www wohdgate. com. sg WEEKLY FCL > LCL SERVICE TO FOLLOWING PORTS ■w««i sm Si W n W m fOP IBAMG/PBWIG It/PS HONG KONG/OfINA 11/05 fMQmo TTsST"86 words
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Advertisement549 2002-05-15 26 Unas Mr»icas represented by sgßki, Members of (he Registry of wEpw Aambtd Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association gg IAY LN MALI vissa voy liu m [15 t. KUNG SfOCI MALI Empress Lily 0302 16/05 18/05 26/05 Princws Lily 0502 05/06 06/06 14/06 Empress lily549 words
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Page 27 Advertisements
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Advertisement1091 2002-05-15 27 TO EUROPE FROM EUROPE Vtssa VOT SI IB Mi HHI BY SOU 1» |[<BM IWT Bl WlWi ■> Ml 1» m~ t >°>* w/K aa/Mas/a* 04/04 a/% mm iohb/ws/m m/mo/m 14/ v MUMGBIY 007W 17/05 02/04 M/M 07/ M M/M MMMMMBMSS Mt 77/W 20/ M 01/15 25/W 14/05 NnMMBEOOMT KMT1,091 words
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Advertisement1365 2002-05-15 27 CALL TO COLOMBO k T/T i 4 MTt tMTMSiMPwSsmm -ssnr"■"»**«-■ Ot NO; *****W0000M TH: 622* 1966 (MAM) INWAVD (D/O) M *****6 *****319/49 T /SIMPKPT M2OSS2S *****316/46 COWVBmomi *****301/450 *****323/73 SSLk/mto »w»«»o«»i)«««ura<w m m n» w M t»a x. s* «r» IMS 31/65 »t5 IMS 47/ OS L/OS ■HBMM I* SS1,365 words
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Advertisement504 2002-05-15 27 wu hk6 awTnfi k ypsa wy sm ■Klggßß awl l|/S l|/5 TVS 25/5 17/5 31/5 KMTCruSAM 2MS 15/05 24/05 (21/05|g3/M mcmm ***** 22/5 23/ M 211/5 21/5 31/5 4/t HYUWUJ sroinßi o?6s 17/05 24/05 24/05 H/osloi/Dtl MffCUISAII 207W TVS 38/5 2/t V* 7/4 11/il ULfcC 03* 11/05 22/05 24/85 rasa504 words
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Advertisement1112 2002-05-15 28 HMAFHYUNDAI MERCHANT MARINE CO., LTD. Hiaipni: wwwJ—2lx— Q NO. *****H0000H |wga wr sm sou i» w «nr mm pari [rasa vot I son Ilalra I mr I ban I m TT* NT FOHM 30IW 13/05 94/04 19/05 30/05 01/00 ■OUOUMON OOS 10/0417/04 21/04 l)/04 14/05 APIMMA 101W 14/95 01/04 07/001,112 words
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Advertisement1054 2002-05-15 28 WAN HAJ UNES (S) PTC LTD WIWAN HAI LINES iia. in iw msm hu. mnmm I V «M«:W)BNinwkvmiwiiMa:esi)BiMnMten)Ban4/ii'Mß 1 Ir i [i r|n) vai«niaMNiaft«BiaMMiasiMaviMHi umn WT m TTO TM WB MO M eiiwlti mt* ihms 7t% 77% tms its tms S% M Ml Ml 21$ MM IS 15% IMS 71%1,054 words
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Advertisement521 2002-05-15 28 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCtPTIMfi TO AIL NORTHERN MID WESTERN ICO POMT> wbimi ¥ot |ra/n>|ttt/n»| ita/iw trvn»| ra/ni n sacra miw nmT ismt jw umi ami mwaawßs nw amr amr amy wiht im ffwwi vmi 71 mt ?m sm iw ■OMWUM W7S 3M SM jfj UM ISM MfIMDWBS lIIW521 words
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Advertisement994 2002-05-15 29 [VESSEL VQY KHH HKO I SIN m DXi SAS ~pjjus ny PCl 2s9 »«/05 15/05 IS/05 19/05 26/05 27/05 29/05 01/06 ■AN ISFAHAN PCL-260 21/05 22/05 25/05 26/05 02/06 03/06 05/06 07/0 A t22£2 ZOAN PCl 26l 21/05 »/05 01/06 02/06 09/06 10/06 12/06 14/06 262 04/06 05/06 OS/06 09/06994 words
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Advertisement515 2002-05-15 29 I R^y'V UK CONTINENT SERVICE JI Loading tor I DIMITRA RDM/A TW/BMN/UK/NAN I MARYLAKI ROM/A TW/BMN/UK/NAN IJ U»ds Singapore, E7W Matayaa. mdoneaa J MIDDLE-EAST SERVICE Loading for ANAIS LAND JDH/AQA/DMT PAN EXPRESS D6l/ABU/DOH/BRN/DMM/KWT LOK KIRTI HDD/JDH/AQA m AFRICA JDH/AQA I HANDY DRAGON DBI/ABU/DOH/BRN/DMM/KWT J TZANETIS DBI/ABU/DOH/BRN/DMM/KWT J "Loads Singapore, EJN.515 words
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Advertisement715 2002-05-15 29 —sk_ BLTF" =sg=Ji= *****1 m s«_SSo ratra 1 St 845 545— DP™ M 4 2UIS M/« =jSBL 8L PM wan wr s§ 5! 355- ii% ggE if£E =Sl==2f==H2E= Liy||L^^^J^yJ|E; ss -mi —mtT-ffii -SSiBB 15!,., «U SL ryMgg} n/tt m/B —#g— graft —fp 11/55—^r- '</* it/it nomatAMi WB7T~ U/6S ~H7B jnil715 words
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Advertisement120 2002-05-15 30 Pocific Senator 949E "20/05 29/0J 04/06 *M—» Pocific Senator 949E 20/05 12/06 22/06 24/06 26/06 PuciHc Senator 949E 20/05 ~***** 16/06 17/06 20/06 ~~*****~ London Senator 951E" 27/05 12/06 22/06 24/06 26/06 London Senator 951E" 27/05 ~T2706 17/06" 18/06 London Senator 951E" ***** 07/06 16/06 17/06 20/06 ~*****~ I Grand120 words
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Advertisement312 2002-05-15 30 CWT GLOBEUNK PTE LTD OWN officii m TCL:*****833 (36 LINES) FAX:€ *****42 m SYDNIY MtLBOUKNt KNANG FOBT KCLANG fASIB GUDANGKUCHINGBANGKOK KARACHI BOMBAY New Of LHI COLOMBO HO CHI MINH CITYHAIPHONGHANOI BKIMfN HAMBURG TIANIIN QINGDAO SHANGHAI XIAMfN FU/HOU DALIAN XIAN BCIJING SHI HA ZHUANG DIRECT SAILING TO EAST/SOUTH AFRICA MOMBASA DURBAN312 words
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Advertisement233 2002-05-15 30 BSAi MYANMA FIVE STAR UNE -c^sxr' vissa vot sm na rat pgu CNM SHWI HAW $4 W SU) PAGAN V3MW SU IN AALAYSU: IOUSTIAD SHIPPING AGCNCKS INL 03-*****300 PIL 03-*****101 TOI: 04-*****02 BANK LINE (A Mrvin tl Aainw Wtk Shipfag) NOKTHBOUNP TO EUKOpT" V CONIMNER, ROKO, MU ft HMVYUFTS rasa233 words
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Advertisement88 2002-05-15 33 Rt FBUSAHMN HI/OMAN 1 KALIMANTAN 1 N PIKECT WiIKLY SERVICE TO 1 JAIUUtTA/rAIHMAMG/DUMAJ I I ¥n I I«t \rvmt bwui uawai n/tt iyw Wii H/5T i I uoauwni w/Vi ujn ii/R vrm~ I uaw W/H W7B "W7W H7H SURAIAYA/PANJANG V«ml Vm 3 ui m I _ojjucA >i/w "il7is »/*s ii7is88 words
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Advertisement103 2002-05-15 33 FULL CONTAINER SERVICE SIN PASIR OUOANO SIN DAILY SAILINGS [VESSEL IVOY ETA PC DAY WT I ETA SXI MY] QjfiSKS— _832S_ J4S&SL _DS_ 23f8L JStS&SS. JfiL. Gouewsrw 159SS 15/Q5/Q2 WED 1495N 1M»/C2 THJ PWOGRtSS ***** 16/06/02 TMU 25—H 17/06/02 m WUPISTMIMK 17/05 AC FN IW2W IMB/02 sff PWOCTO SSB- JLSSAZ.103 words
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Advertisement64 2002-05-15 33 twm wmhm /coto—o/io—tr/amato— '•*6 HSMK* MMM.IMDU II IT WJWf SMGtfOH aXOMO/rvn "AW 27 BAT w SMuran aesui uju.au W—KMBO) ■VIM SKINS MM, DMMUB an PHOENIX SHIPPING iftvjltd MOWTMLV SERVICE TO SOUTHERN AHVCA AND INDIAN OCEAN ISLANDS VESSEL NAME VOY SPORE DURBAN PHOENXI I 06WB 20/6 01/OT Maurttw, Berta. Maputo tubject64 words
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Advertisement59 2002-05-15 33 FT* EID UMONOPOR TROPICAL ROSE HWSK 2QA&7OQ2 PHNOM PBW JUN3 2VDS/200S 3<VOV2OC2 PHNOM PENH JUN 3 0tW2002 (8W2002 PHNOM PENH 4 VUNGT AU <30 TON DERRICK AVAILABLE) THE NEW STRAITS SHIPPING CO. (PTE) LTD M ANBON ROAD MO-53 ANSON CBfTRE SMQAPORE 0007 tel caßiaormuooau tlx rspho fax 02amm cr np59 words
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Advertisement86 2002-05-15 33 2= ESP LINES wdm wtaiY iq sama to lagos VESSa SAUH6 EVBT THURSDAY ttwawc tvar WB at «gm dctbtmhl cowvßmomi/ittAouu samg Hi a* l CULDiMC K)t wmr Ti/wivn duoai unman MM LtMDWfc BMIPOTPUMK MK BM MB JMUKIt STOH TE 477MM1 ML ******17 PTOS TE U35U3 FUL 1JJ7701 «T IE: <*****186 words
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Advertisement692 2002-05-15 34 nsaiHOtt 471N 2121/05 7030/05 0445/84 I neasHrn ITM 7475/05 3107/04 07-01/04 I ncaisum no* 929/0$ 0404/04 11 17/04 I ncaKtfl 40IN 31-01/ M 07 01/04 14-15/04 I _n6aigog___gn( iMoyot 10-17/04 1711/04 aw ikbojff oi »***** Slffijs wioAm I WU« W4 20-21/05 2771/05 0407/04 I TWaSUH *****1 2171/05 7131/05 OHtt/04 I692 words
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Advertisement658 2002-05-15 34 IVfSSaNAW VOT SMGAPORf PORT KEUMG OffTtAGCNG Soma Ml no FU FTP FT* FTP 04W042 Ftl 17/05 U/05 H/05 23/05 2S/0S <XTIAI OINI2O m 10/05 20/05 20/0S 24/05 20/0S I oCr,n> 02*117 MOM 20/05 22/ OS 23/ OS 27/05 31/05 01/04 U/M **********1116 00W32 M 21/0S 22/05 23/05 24/05 31/05 [comisTtwg658 words
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Advertisement65 2002-05-15 34 m CONFER (S.EJL) Zgd SHIPPING PTE LTD TEL: *****868 FAX: *****245 DIRECT CONVENTIONAL SERVICE TO CHITTAGONG VESSEL SIN CTG EMERALD 2Q-22N0 MAY 2530 MAY l y^ CT PC L/ -Ct/COWVPmOWAI. KRVICCS TO»MvaMortal r| "iraf! fiinlni n^jiiii Tuloam Catw F»Em HoOi«**i Hachong Mar* Buaan FCtACL tiwttii Toe AMM 9f»w, Matoauma Eurapa65 words
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Advertisement911 2002-05-15 34 I Id? |PDZ LINES '^r^'Tsisis^l I I QBKMB SBMCI: TIL M-4211-SS94 ML 01-4227-OIM I 1/ SiWOB: TOM 6 X) 0 SWPPW6 PTI LIB tadb I ONOG 2224 17/05 GUOO 2191 17/05 GMB 2140 »/f$ e«MI 2141 20/05 PtSSSKM »un/« mm 2245 21/ os ota 2m 20/05 awoa mi 14/45 6*oa911 words
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Advertisement132 2002-05-15 34 WWBSMM VSpf, :cfo'M;7-Si M' BREAKBUIK A CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI Iresa wrm lumumu ramuuoi ~l |»MAM» I 1/4HW ivot/w H/ppn SEA-PAC MANAGEMBIT Pit LID. 70 Anaon Bond #17-07/08 *P" Toww, Snggpu«» *****5 TataphonK 6270 0977 VI Focfimflw 6273 2309 Talwc KS ***** SEAPAC MRECT SMN NAMPO,132 words
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Page 35 Miscellaneous
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Miscellaneous114 2002-05-15 35 LEGEND: Meteo7orogica^ Service sln^>o7e R Thunderstorm A Showers X\ Rain Temperature Wind direction and speed in knots Day WM,hs U symbols Sea Conditions O Pull circle w/o line indicates calm or light and variable winds j j -•—jOne half fleche represents 5 knots I l Moderate, 1.2 m 2.5 m114 words
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