The Business Times, 28 May 2002

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Microfilm: NL24452
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES I MITA (P) 010/03/2002 SINGAPORE TUESDAY, MAY 28, 2002
    12 words
  • Article
    Lock icon MARKET SUMMARY
    53 1 STOCK MA1IBT UUWKB Monday Change KLSE OOMP Owed NIKKEI 2» —****** *t07 HAN0SEN0_.1UM.75 41ft SET INDEX Closed JAKARTA OOMP -fill 79 +184 MANILACOMP TAIPEI WPI 6,729JO +HSO SEOUL COMP £40.57 -14.00 SHENZHEN B 217,57 -144 AUSTALLORD *****0 -4.00 BOMBAY IND __*****1 -1121 NooaEST Change DOW Closed NASDAQ Closed
    53 words
  • Article
    Lock icon FINANCE
    69 1 FOBEX BATES us$ ss l'S$ fS$ per l'S$) L799 £(US$/S$ per 1.463 1616 LTRO(US$/S$/E). 0519 1.663 DM 1216 1.232 YEN 126.0 69 J>0 RM im 1112 HKS 7.799 4.336 BAHT 4186 2182 BUPIAH 8J66 4J>78 FUBB KATES SINGAPORE* 616 KUALA LUMPUR 6.40 HONG KONG 6124 JAKARTA 39.00 TAIPEI I7tt
    69 words
  • Article
    Lock icon New wave of red chip IPOs to sweep SGX
    1361 1  -  elusive Candidates are in growth sectors and headed by savvy entrepreneurs Reports by Loh Hui Yin [SINGAPORE] Red chip fever is set to hit the Singapore Exchange (SGX), with at least half a dozen Chinarelated companies tipped to be listed here
    1,361 words
  • Article
    Lock icon HL Bank pushes into IPO, corporate finance deals
    307 1 A NEW kid on the block, the investment banking unit of HL Bank, has served notice it will be a contender for corporate finance deals and initial public offers. Its head of investment banking, Khong Choun Mun, said: "We expect to launch
    307 words
  • Article, Illustration
    Lock icon Club-hopping chief behind Singapore's tourism drive
    1244 1  -  pilexcTusTvel The recently retired STB chairman believes that having fun is serious business Byi Catherine Ong [SINGAPORE) Traditionally, Singapore and Hong Kong have been seen as rival cities. They compete head-on for a share of the region's trade and commerce, both aspiring to be
    FILE PHOTO  -  1,244 words
  • Article
    Lock icon Market missing out on US corporate profit gem
    489 1 Revised Q1 figure shows 0.9% rise, after 10% Q4 drop NYT (ATLANTA] For stockmarket investors, the gem buried in the details of the latest US economic growth report was a pleasant surprise: after-tax corporate profits increased in the first quarter of 2002.
    NYT  -  489 words
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  • NEXT page
    • Article, Illustration
      Lock icon Don't let doubts fester, especially in bad times
      380 2  -  Sun HK chief gets Us managers to make the effort to allay staffs fears By i Anna Teo [SINGAPORE] When the chips are down, senior management should, more than ever, make the effort to clear the doubts and allay the fears of
      FILE PHOTO  -  380 words
    • Article
      Lock icon Fraser launches Manila serviced apartments
      345 2  -  Firm is confident of demand for the 150-nnit project From. Al Labita in Manila A SINGAPORE firm has brushed aside the slump in the Philippine tourism market and launched a twintower luxury serviced apartment project. Fraser Place is the first Asean venture by Fraser Serviced
      345 words
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      228 2 Potting people first to ensure continuity, Pg 16 School of Business fir Management Vlli us iess Management Ml Doctor of Business Administration (DBA) Executive MBA /9ft" S3) MBA in General Management I Tff| MBA in Strategic Marketing J»j^L _p. MBA in Financial Management W iml Entrepreneurship MBA International MBA University
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      24 2 lianhe Zaobao I ling Kongl lis expanding I I its container I I depot I I business in I I China and I evergreen
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  • SINGAPORE companies
    • Article
      Lock icon Local groups set up $70m Batam industrial park
      379 3  -  •ii exclusive Chnan Soon Hnat, PSL, ex-Pivot MD Too Pea Ngo tie np in La trade Industrial Park for SHEs By' Vince Chong LISTED home-furnishings firm Chuan Soon Huat Industrial (CSH), construction group PSL Holdings and former Pivot Group managing director Teo
      379 words
    • Article
      Lock icon Huge losses in bond bear market
      609 3  -  neil behrmann ATTENTION has been focused on volatile and poor-performing stock markets, but since the final months last year there has been a bond bear market in which huge amounts of money have been lost. In percentage terms, the losses don't appear extensive. But,
      609 words
    • Article, Illustration
      Lock icon April output seen falling 1%
      254 3  -  on the economy Singapore manufacturing Byi Chua Hui Min MANUFACTURING output in April is likely to have fallen one per cent year-on-year after a 2.9 per cent slide in March, adding to tentative signs that the economy is turning around, says an OCBC Bank economist.
      Source: D  -  254 words
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      30 3 H. I— k, J 1 pßmißßi 100% AVANT-GARDE La iif"^BH^Bßßi^ ■MM|)t\,, W JMW ®Bp\ i i^lPPßrro^^RMi^^HflH^HH^^^B WkMN 10UTHXK *GfF MlllH|i^^|HPK^^^^HH DAVID COUITHARD FORMULA OMS GRAND PRIX WINNER SINCE IMS llll^SlNy^W)Rt»3B^pj^^
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  • FOCUS property
    • Article, Illustration
      Lock icon HDB carpark operations are profitable
      935 4  -  11 comment PROPERTY But a deficit results because tt takes in development costs lee han shih CONTRARY to popular belief, the Housing and Development Board does not lose money on its carparks. In fact, it is making good profits out of them. HDB, which houses
      935 words
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      789 4 A Very Special Promotion Thai FPB Ire-rj Smooth .is silk I 11 iin |'< ■ifirr ti 1 Thailand's Best All-suite Resort Hotels BANYAN TREE Thai Hospitality nt unrivalled price? and a /.holt? lot of flexibilities ;vith Royal Orchid Holidays kP' *J I j 3 Days' stay inclusive of breakfast and
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      58 4 4m t 50% OFF A ON ALL jU n ALA CARTE C FOOD ITEMS I FOR WHOLE iy t MONTH OF MAY, I LUNCH ONLY. Mkrf} Reservations /Q Recommended t 5 For tour dining ARRANGEMENT, lol* PLEASECALL: J w O 6 337 9920 Official Opening Celebration CHUNGKING CHINESE PRIVATE DINING
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  • FOCUS japan
    • Article, Illustration
      Lock icon Japan's recovery not just wishful thinking
      1070 5  -  The country's 10-year record shows that reforms, though sluggish, are still taking place. But the process will take time, Patrick smith reckons PATRICK SMITH The writer is a former correspondent in Japan and the author of Japan: A Reinterpretation. The opinions expressed are his
      Bloomberg; REUTERS  -  1,070 words
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      265 5 Make the most of your CPF investment with iPlan from HSBC. I At HSBC, we understand people like to make their own decisions. From understanding of local culture, consumer behaviour and market environment. I how much chilli they want in their laksa to where they want to park at Orchard
      265 words
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      9 5 Japan firms heading for first combined loss, Pg 11
      9 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Joining hands to defeat Asean secessionists
      721 6  -  mill I bottom line OPINION al labita The writer is BT's Manila correspondent IF the Muslim separatist rebellion is now a dying cause in southern Philippines, Malaysia deserves much credit In more ways than one, Malaysia managed to ease Manila's burden of pacifying a
      721 words
    • Article
      Lock icon IN OTHER WORDS
      87 6 There never has been any such thing as free trade, and never will be. It's like world peace. It won't happen in my lifetime.' -bwatlMtagi US senator, on cutting back on President Bush's authority to negotiate new trade agreements. Truly, the conventional big bang theory really is
      87 words
    • Article
      Lock icon More than just an N-arms deal
      632 6 EDITORIAL THE nuclear arms accord that US President George W Bush and Russian President Vladimir Putin signed in Moscow is being dismissed as having little significance. Strategic analysts, whose work during the Cold War had been to watch the ups and downs of weapons
      632 words
    • Article, Illustration
      Lock icon How to resist getting laid low by China fever
      1162 6  -  China's economic rise will not be at the expense of more developed economies. This is because the world economy is not a zero-sum game By\ Eddie Lee The writer is a strategist at DBS Vickers IT was 800 kilometres up, travelling
      AFP  -  1,162 words
    • Article
      Lock icon Aids isn't simply a health issue
      890 6  -  COMMENTARY It's a huge economic one that'll hit global growth badly if it isn't arrested soon By' William Pesek Jr The writer is a Bloomberg News columnist. The views expressed are his own. Bloomberg IT'S a generally accepted truth that China lies about how
      Bloomberg  -  890 words
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  • MAIL bag
    • Article
      Lock icon Performance of GLCs leaves a lot to be desired
      575 7  -  Gabriel Lee Beijing via Internet YOUR market columnist R Sivanithy is most insightful in his comments on the Singapore stock market in regard to the small investor. I would like to add that a further and principal factor contributing to the
      575 words
    • Article
      Lock icon Benchmark GLCs to ensure efficiency
      320 7  -  James Tan Sek Lock Singapore I REFER to the letter "Firms face too much govt competition" by Lee Kwok Weng (Mailbag, May 16). Mr Lee said the activities of GLCs and govern-ment-supported organisations have increased competition in Singapore, and that the obsession of these organisations
      320 words
    • Article, Illustration
      Lock icon Penny stock rules long overdue
      663 7  -  Narayana Narayana Singapore I REFER to the BT editorial, "Time for penny stock rules" (BT, May 16). I think you have given a fairly exhaustive overview of penny stocks, the main thrust being that there should be some ground rules for their initial and continued
      FILE PHOTO  -  663 words
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      68 7 We welcome letters. E-mail us at bttotterQsph.com.sg or fax us at 6319-6277, or write to: The Business Times, SPH HQ, 1000Toa Payoh North, Podium Level 3, Singapore3lB994. We need your full name, address and telephone number, so we can verity It came from you. Please use temperate language, and beer
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      95 7 mm-" ''t j ML I ft^Pi^r ti w k i I $3 XIMLi m I <1 Jtumt £rfnmwm mnnw* Pr Lwiyiii wm\ IU m fIHHr 1 1 4 jfcli ft/' ft BSftt One pair of First Class and IT Aspu J omega £Hft| *1 0,16 P of Class Return Tickets
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  • REGIONAL news
    • Article
      Lock icon Philippines losing Japanese firms to China
      503 8  -  Seasons for shift include high production costs, poor infrastructure From Al Labita in Manila HIGH production costs, poor infrastructure, and security concerns are driving some Japanese companies in the Philippines to China, although officials say only a few have pulled up stakes so far.
      503 words
    • Article
      Lock icon Daimler may relocate China plant
      186 8 MANILA GERMAN-US automobile maker DaimlerChrysler AG is considering transferring its factory operations in China to either the Philippines, Malaysia or Indonesia, several Manila newspapers reported yesterday, quoting an unidentified industry source. The source said DaimlerChrysler senior manager for external affairs Heribert KepPler raised the possible
      186 words
    • Article, Illustration
      Lock icon Don't forget the past
      1042 9  -  WRITER'S JOURNAL M'sia must press on with reforms of the education system, judiciary, civil service and corporate sector karim raslan Malaysians have short memories. Now that the country is poised for a dramatic economic rebound, the events of the late nineties seem like a bad dream,
      1,042 words
    • Article
      Lock icon Ibra to leave Bank Niaga decision to govt
      223 9 JAKARTA Bloomberg INDONESIA'S bank rescue agency will leave a decision on whether to accept bids for a 51 per cent stake in Bank Niaga to the government and a financial committee, said the agency's chief, Syafruddin Temenggung. A decision on the final
      Bloomberg  -  223 words
    • NOTE Book
      • Article
        Lock icon HK exports up 2.5% in April
        138 9 Bloomberg [HONG KONG] Hong Kong's exports rose less than expected in April, suggesting a rebound in global demand may take longer than anticipated to return the city's economy to growth. Overseas sales rose 2.5 per cent from a year earlier to HK5123.1 billion (5528.4
        Bloomberg  -  138 words
      • Article
        Lock icon Jump in profit for Bank Indonesia
        92 9 Reuters [JAKARTA] Indonesia's central bank said yesterday its 2001 net profit jumped almost seven-fold from 2000, results likely to boost confidence in the key institution hit by financial and political controversies. Bank Indonesia posted a 17.6 trillion rupiah (553.5 billion) profit in 2001, up
        Reuters  -  92 words
      • Article
        Lock icon Banks won't tighten China Air credit
        83 9 Dow Jones Newswires [TAIPEI] Major Taiwanese banks won't tighten the credit lines of China Airlines Ltd because they don't expect Saturday's crash to hurt the air carrier's finances, the Commercial Times reported. However, the banks said they would consider higher interest rates for future
        Dow Jones Newswires  -  83 words
      • Article
        Lock icon MTRC faces HK$1.3b land premium
        143 9 Dow Jones Newswires [HONG KONG] Mass transit railway operator MTR Corp may face a land premium of HK$l.3 billion (*****.7 million) for a 1.53 million sq ft residential and retail development along its Tseung Kwan O line, the South China Morning Post reported. According to
        Dow Jones Newswires  -  143 words
    • Article
      Lock icon Shell to fix location of new plant next year
      163 9 Bloomberg [BANDAR SERI BEGAWAN] Europe's No 2 oil company by sales, the Royal Dutch/Shell Group, said it will decide next year the location of a planned US$l billion natural gas-to-liquids plant, the world's biggest. "We continue maturing the prospect and hopefully
      Bloomberg  -  163 words
    • Article, Illustration
      Lock icon Sharp hike in Chinese US$ holdings: BIS
      599 10 ZURICH Net purchases of US debt securities rose to USs79.6b in 3 years ended 2001 Reuters THE Bank for International Settlements (BIS) said that US dollars held by the Chinese have risen sharply in recent years, and large amounts of these were flowing
      Reuters; XINHUA  -  599 words
    • Article
      Lock icon Foreign boost for China state firms?
      205 10 BEIJING Roles to allow multinationals to take over ailing enterprises soon: report Reuters CHINA is drafting rules to allow foreign multinationals to acquire large state-owned firms for the first time, the official China Securities Journal said yesterday. Such a move would be the latest
      Reuters  -  205 words
    • Article
      Lock icon Prices of China's industrial goods fall in April
      237 10 BEIJING Bloomberg CHINA'S industrial companies cut prices for their goods in April, the latest sign of flagging domestic demand in Asia's second-larg-est economy. Factory prices for industrial products fell 3.1 per cent from a year earlier, the National Bureau of Statistics said.
      Bloomberg  -  237 words
    • Article
      Lock icon Asia Pulp resumes building of China plant
      482 10 HAIKOU. China Project restarted after local banks arrange financing Bloomberg ASIA Pulp Paper Inc (APP), which stopped payment on about US$l3 billion in debt, resumed construction of a pulp plant in China after local banks arranged financing for the project, a government official
      Bloomberg  -  482 words
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      1151 8 mm int 11 fr HSSBH CHANG HWA COMMERCIAL BANK, LTD. CHAN9 HWA BANK HEAD OFRCE: TAIWAN R.O.C. Chairman: Po-Shin Chang Directors: Hsi-Chien Wen, Long-I Liao, Ymg-Ming Shen, Managing Director*: Ming-Jen Chen. Mike S.E, Chang Pao- s heng Wei, Sheng-Rong Chuang, James D. Chen. JunSheng Chen Ch.ng-Hs. Chang Ch.ng-Tze Lai. Timothy
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      35 10 lAttention: Medical practitioners, accountants,! bankers, engineers other professionals UNIVERSITY OF LONDON Graduate entry route Full time Part time classes Commencing: June 2002 call 6337 8000 Singapore Institute Commerce School OF Law BOMUdbRMdSXCBuMng Emtf:mquky«4c4*LM WM«»i ntum
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  • WORLD news
    • Article, Illustration
      Lock icon Japan firms heading for first combined loss
      441 11 TOKYO Research institute says listed firms had group net loss through to March Reuters CORPORATE Japan is heading for its first combined loss as shrinking global demand and costly restructuring last business year knocked the wind out of high-tech firms in particular, a
      Reuters; AFP  -  441 words
    • WORLD Watch
      • Article
        Lock icon HSBC set to invest US$750m in AEA
        75 11 Reuters [LONDON] Global banking group HSBC Holdings pic is in advanced talks to invest US$75O million in New York private equity firm AEA Investors, banking sources said yesterday. The AEA investment will give HSBC a foothold in the US private equity market. HSBC
        Reuters  -  75 words
      • Article
        Lock icon Taurus may file for insolvency
        75 11 AFP [FRANKFURT] The fast-failing media giant Kirch is currently examining whether its holding company, Taurus, should file for insolvency after two main creditor banks insisted it repay its debts, a Kirch spokesman said yesterday. Both Bayerische Landesbank and HypoVereinsbank said last week that they would
        AFP  -  75 words
      • Article
        Lock icon Sharp jump in Munich Re's Q1 profit
        73 11 Reuters [MUNICH] Munich Re yesterday posted a sharp jump in first-quarter net profit, boosted by the sale of shares in insurer Allianz AG and a strong improvement in its core reinsurance business. Net profit in the first three months of2oo2jumped to 4.5 billion
        Reuters  -  73 words
      • Article
        Lock icon CSFB loses UAE gas project job
        63 11 Bloomberg [DUBAI] Credit Suisse First Boston lost a four-month-old contract to advise the United Arab Emirates and Total Fina Elf SA on a US$3.5 billion plan to import natural gas from Qatar. The Middle East Economic Digest earlier reported that officials at Dolphin Energy
        Bloomberg  -  63 words
    • Article
      Lock icon Placer Dome bids A$2b for AurionGold
      169 11 Reuters [NEW YORK] Placer Dome Inc joined the ranks of North American gold mining predators yesterday, launching a As 2 billion (SSI .9 billion) stock bid for Australia's AurionGold Ltd. The unsolicited offer, which comes as bullion trades at its highest price in more
      Reuters  -  169 words
    • Article
      Lock icon S&P may review ratings on major Japanese banks
      310 11 TOKYO AFP STANDARD Poor's said yesterday that it may review ratings on major Japanese banks if their earnings performances worsen more than expected due to bad loan write-offs or a slump in the value of shareholdings. But ratings on the megalenders, which
      AFP  -  310 words
    • Article
      Lock icon Chipmaking equipment sales dive further
      119 11 Bloomberg [TOKYO] Sales of computerchipmaking equipment declined for a 13th straight month in March, indicating chipmakers curbed spending last year as demand for semiconductors slumped, an industry group said. Global sales slid 57 per cent to US$l.69 billion in March from a year ago, the
      Bloomberg  -  119 words
    • Article
      Lock icon Upbeat mood in Q4 has fizzled out, BIS says
      353 13 BASEL, Switzerland Stock prices declined, US long rates fell with waning confidence in strong recovery AFP INVESTORS have failed to revive their confidence in a strong global economic recovery, the Bank for International Settlements (BIS) said in its quarterly review released
      AFP  -  353 words
    • Article
      Lock icon German business confidence up
      208 13 AFP [FRANKFURT] Industrial confidence in Germany rebounded strongly in May after the setback it suffered in April, data showed yesterday, confirming that recovery is indeed underway in the euro zone's biggest economy. Nevertheless, economists said they were staying cautious about the breadth and speed of the
      AFP  -  208 words
    • Article
      Lock icon Fiat meets bankers as threat of credit downgrade looms
      414 13 TURIN, Italy It is said to have reached deal on a capital injection Reuters AFP Bloomberg FIAT, Italy's biggest industrial group, is trying to convince lenders that a vast restructuring plan is viable and will reduce debt as the threat of
      Reuters; AFP; Bloomberg  -  414 words
    • Article, Illustration
      Lock icon Glaxo may go for another big merger: paper
      275 13 [LONDON] GlaxoSmithKline pic may be contemplating another big merger as a way of escaping its nearterm troubles, the Wall Street Journal said yesterday. After Glaxo's shares tumbled 8.7 per cent on Friday following news late Thursday that it had lost patent protection
      275 words
    • Article
      Lock icon Vodafone may write off £8b: reports
      240 13 LONDON Bloomberg VODAFONE Group pic, Europe's biggest cellular-phone company, may write off £8 billion (5520.9 billion) of assets, reveal a spending cut and rule out a share buyback when it releases results today, newspapers said yesterday. The UK-based company, whose shares have dropped 37
      Bloomberg  -  240 words
    • Article, Illustration
      Lock icon Fall in Japan's retail sales raises fears over recovery
      365 14 TOKYO April's 0-8% slide led by 5.6% drop in car sales as jobless rate nears new high Bloomberg JAPANESE retail sales declined in April, led by cars and clothing, reinforcing expectations the world's sec-ond-biggest economy may shrink again this quarter after
      Bloomberg; REUTERS  -  365 words
    • Article
      Lock icon Japanese carmakers step up overseas production
      259 14 Bloomberg [TOKYO] Toyota Motor Corp and Nissan Motor Co led a rise in overseas output by Japan's five biggest automakers in April as they moved production abroad to tap lower costs and rising demand. Toyota's output of cars, light trucks and commercial vehicles at
      Bloomberg  -  259 words
    • Article
      Lock icon Increasing number of companies delisted from Tokyo, Osaka exchanges
      254 14 Dow Jones Newswires [TOKYO] Some 78 companies have been delisted from the Tokyo Stock Exchange and Osaka Securities Exchange since the beginning of this year, surpassing the previous record high of 53 for all last year, the NihonKeizai Shimbun reported in
      Dow Jones Newswires  -  254 words
    • Article, Illustration
      Lock icon Japan's top two business groups to merge today
      398 14 TOKYO Nikkeiren to form Japan Business Federation AFP JAPAN'S two biggest business organisations are to join forces today with the Toyota chairman leading the new entity as the nation's companies struggle to survive global competition by streamlining operations. The Federation of Economic
      AFP  -  398 words
    • Article
      Lock icon Japan sports gear firm founders
      267 15 TOKYO Hefty licence fees for World Cap goods force it to go bast AFP AS World Cup fever mounts in Japan, a small sports gear maker has gone bankrupt, weighed down by huge licence fees for World Cup goods, a former employee said yesterday. Crix
      AFP  -  267 words
    • Article, Illustration
      Lock icon Business rides on World Cup craze
      627 15 SINGAPORE Reuters WITH World Cup fever catching across the region, South-east Asia's fun spots are cranking up their gimmick machines to score profits. Resorts, retailers and even massage parlours have come up with enterprising ways to woo customers in the football-mad region in the
      Reuters; REUTERS  -  627 words
    • Article
      Lock icon UK expected to lose £3b as workers take leave
      388 15 LONDON World Cap soccer, Queen's Jubilee to shave 0.8% off Q2 GDP: analyst Bloomberg THE UK economy could lose up to £3 billion (Ss7.B billion) as workers take time off to watch World Cup soccer and celebrate the Queen's Jubilee, the
      Bloomberg  -  388 words
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      1907 12 wwwwwj fcV, fcVVfc (Incorporated in Hong Kong with limited liability) Publication pursuant to Section 25(2) of the Banking Act Following financial statements and the Report of the Auditors are extracts from the Hang Seng Bank Limited 2001 Annual Report, copies of which can be obtained in Sinqapore from Hang Seng
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      153 12 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF PACIFIC ALLTRADE PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE is hereby given that the creditors of the abovenamed Company, which is being wound up voluntarily, are required, on or before 28 June. 2002 to send in
      153 words
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      157 12 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF I NIX) AUTOS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE it hereby given that the creditors of the abovenamed Company, which is being wound up voluntarily, air required, on or before 28 June. 2002 to send
      157 words
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      214 12 M THE MATTER Of THE COMPANIES ACT. CHAPTER 50 AND M THE MATTER Of LEVEL ONE COMMUNICATIONS (SMGAPORE) MC. PTE LTD (M MEMBERS VOLUNTARY UOUIOATKMf) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN THAT, pursuant to Secton 300 of the Competes Act. Charter SO. tha Fnal Meeting ol He Members
      214 words
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      1001 12 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF POINT LOMA PTE LTD (Members Voluntan Winding-IT) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 400 Orchard Road #19-05 Orchard Towers Singapore *****5 on Tuesday, the 21a day of May
      1,001 words
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      878 12 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WALTON S PHARMACY PTE LTD (Members' Voluntary Winding UP) At an Extraordinary General Meeting of the abovenamed Company duly coovened and held at 400 Orchard Road #19-05 Orchard Towers Singapore 238*75 on Tuesday, the 21* day
      878 words
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      311 13 A TRIBUTE TO FRENCH ENTREPRENEURSHIP IN SINGAPORE. The Economic Department of the French THE NOMINEES FOR THE 2002 AWARDS ARE: Embassy, the French Trade Advisers and 1 APRIM MYCOSPHERE the French Business Association are An interior design company An independent research -ii- r\- by Jacky Deromedi company 16d bv Olivier
      311 words
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  • Article
    Lock icon COMMODITIES
    1541 14 SIOOM FUTUilBS May 24 RUBBER Faturn (Ctotfog prices) RSS 1 dott Mm Om L— Sttt (t—W) Irtftst Jun 02 QMS Jul 02 128.00 A* 02 128.00 Sep 02 129.00 8SS3(USceab/ke) VotaM 0m iw sut (tin) bturwt Jw02 TL50 650 J*<K 7125 2300 A«g02 7125 2500 S«1> 02 7125 2500
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  • Article
    Lock icon STOCKS ASIA
    5061 15 Transaction date: May 27 for more, go to iiww)xiszcumenmarkets£om HONG KONG Vei MB «<■ *m AcrcmAsia Multimedu .0 JO unch 0 Alpha General 0.04 inh $300 AnandaWSngOn... 0.09 unch *****0 Angara New Steel H 1.22 0.01 9232 Anhui Conch H J JO -0.03 1168 Anhui Expressway H 1.78
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  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      166 15 UKVPTIC CROSSWORD ACROSS 3 Wordy boy, endlessly into I 5 ES^ronlinestatHi. 4 Unacceptable jobs in distant resolved M4^ ,o 6 EESL II 7 Young family member Sim board (6) 9 Feature s setter? (7,7) 13 skest* -sagg*.— 14 SSJoM.lSjoland 16 W»htenh9owrolseamer 18 V™ 17 g SSEmSSw < 21 Boat is,
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  • KNOWLEDGE economy
    • Article, Illustration
      Lock icon Putting people first to ensure continuity
      1198 16  -  The recent run of senior departures from Sun Microsystems was part of a planned succession planning process, chief human resources officer Crawford Beveridge tells ammateo ANNA TEO EARLY this month, Sun Microsystems president and chief operating officer Ed Zander, a 15year veteran of the
      1,198 words
    • Article
      Lock icon Institute for future top brass
      394 16 SUN Microsystems has just started a "leadership institute" at its Palo Alto headquarters to groom its future top brass. The first group of 18 vice-presi-dents in the inaugural class includes Sun's top man in Singapore and South Asia, Lionel Lim. "This is the next generation
      394 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      265 17 Reuters THE Baltic Dry Index (BDI) rose three points to 1,035, the Baltic Panamax Index (BPI) gained three points to 1,080, the Baltic Handymax Index (BHD fell four points to 7,800 and the Baltic Capesize Index (BCD was up seven points at 1,157. Sea Gloria—(built 1994) 157,462 dwt
      Reuters  -  265 words
    • Article
      Lock icon MARITIME STOCKS
      259 17 *h *i CWT Distribution 0.8T 0.03 25 Chgan Hup 0.44 unch 1213 Cosco Investment -.3-23 uncfi 354 Freight Links 0.06 unch 25 GBHsMnos 0.81 aot 30 Jeye Holdings 0.24 indi 260 KeppelCorp 4.38 0.W 756 Keppel Marine 0.19 unch 70 Keppel Tele 1.01 0.03 90 Lafcroy Marin* 0.31
      259 words
    • Article, Illustration
      Lock icon US bridge crashes after barge hits it
      286 17 Reuters [WEBBERS FALLS, Oklahoma] Rescue workers pulled the bodies of three people from mangled cars as divers searched for several others feared drowned in vehicles that plunged into the Arkansas River on Sunday when part of a bridge collapsed after being struck by
      Reuters; REUTERS  -  286 words
    • Article
      Lock icon Box volume growth in H1 could skim off H2 surge
      454 17  -  Shippers moving early due to fears over slimmer peak season surcharges By! Beth Jinks [SINGAPORE] Surprisingly strong containerised volume growth in the first half of 2002 could detract from a predicted second-half surge as shippers stock up early, analysts suggest.
      454 words
    • Article, Illustration
      Lock icon Damaged
      46 17 [SAN DIEGO] The USS Dolphin submarine sits adrift about 100 miles off the coast of San Diego. The submarine was damaged by afire after flooding off the Pacific Coast last week. All crew members were safely evacuated and the navy research submarine was stabilised later.
      46 words
    • Article
      Lock icon Keppel Philippines posts 46% increase in Q1 net income
      310 17  -  From, Alec Almazan in Manila KEPPEL Philippines Marine, the largest shipyard operator in the Philippines, reported a 46 per cent increase in first quarter net income from 8.4 million pesos to 12.3 million pesos (*****,356) this year. Revenues for the first
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    • Article
      Lock icon Dozens of Russian ships trapped in ice
      83 17 AFP [VLADIVOSTOK, Russia] A massive ice floe ripped off the anchors from 28 ships and dragged the trapped vessels down northern Siberia's Yana river, local emergency officials said yesterday. Rescuers had so far managed to evacuate seven people, but up to 100 crew
      AFP  -  83 words
    • Article
      Lock icon Carnival against selling Cunard for P&O Princess
      167 17 Reuters [LONDON] The world's biggest cruise operator Carnival Corp said yesterday selling the Cunard line, with the QE2, was too high a price to pay for regulatory clearance of its £4.6 billion (Ssl2 billion) bid for P&O Princess. But the US group said
      Reuters  -  167 words
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      Lock icon BULLETIN BOARD
      322 17 AWARDS APL was named MvmMmml Mart Stores Inc, the world's largest retailer. The award was based on Its performance on a monthly scorecard that grades Wal-Mart's carriers on various aspects of service, including condition and availability of equipment, punctuality of sailings and processes, customer service, product knowledge and
      322 words
    • SHIP salvage
      • Article, Illustration
        Lock icon Ambitious expedition to lift USS Monitor's turret
        852 18 The USs6.sm salvage effort could resolve mysteries about the final minutes of the historic ironclad which sank in a storm on New Year's Eve, 1862 NYT NEWPORT NEWS, Virginia NAVY divers and archaeologists are making final preparations to recover the massive turret of
        NYT; AP  -  852 words
      • Article
        Lock icon SHIPPING SCHEDULES INDEX
        116 18 PACE BSA 6 rtanqMas 6 CMACGM 3 COSCO 3 Cokmbus 5 i Central Ex 4 CMnaSHpq 5 Cougar 5 CVTGtoMM 6 Mrnas 4 Dongnmi 3 ECl 3 Evergreen 4 FoongSun 5 Fujitrara 6 Gemartrjns 4 Hanql, 4 Hyundai 4 Heung-A 3 HMSl S Kin Hung 5 Kyowj
        116 words
    • Article
      Lock icon SHIPPING GUIDE
      9175 22 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VhsU Voyage T*«»phoo» SIM Pwr» W— m— Number NumMf To ABIDJAN (ABJ) 2003 Cot* D'I voire 05/06 12/07 CMACGM CMA CGM NORMANOIE «CW 65-62 f5 7800 05/06 23/07 COSCO MANHATTAN BRIDGE 0043W 65-6226)900 07/06 06/07 Oct mas HYUNDAI HIGHNESS 337W 65-*****344 09/06
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        579 24 Vessel Voy No Berth Arrival Departure J»1 tat ROB* LARK, M J05 27/05/***** 28/05/*****0 iT THR J* YA ***** JOt 27 AM/206 JO 27/05/2023:00 MARCOPOIO 52 02/02J J13 27/05/206:15 30/05/206:30 BT A-FRIZAi ***** J01 27/05/***** 27/05/*****0 SISKIN ARROW 125 JI7 27/05/*****0 28/05/*****0 S SUPERSTARS VHO JW 27/05/*****0 28/05/*****0
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      • Article
        Lock icon CONTAINER SCHEDULES
        1825 24 RECEIVING OF EXPORT FCL CONTAINERS AMD LCL CARGO Booking/Mane* Rstls o Ship VoyNo Etb/Btr Period From To From ACHKVU U6 XVTOOl M 27/000 27/HM 27/MO 0 rrmoo vtw* 27/1*00 o a 27/1700 21/0459 28/0900 20 riflm 28/0659 21/MM 0 1 20/0700 21/H5* 71/MM 4 20/1200 21/M5* 20/1700 AMD
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      • Article
        Lock icon GLOBAL HOLIDAYS
        172 24 May 31 Brunei: Anniversary of Royal Brunei Jul Malaysia: Birthday of HM the Yang di Pertuan Agong Jun 3 New Zealand: Queen's Birthday Jun South Korea: Memorial Day Job 10 Australia: Queen's Birthday (ex cept Western Australia) Jon 12 Philippines: Independence Day talS Hong Kong: Tuen Ng Festival
        172 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        814 24 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the
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      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        475 24 C«Aw W> MM 990.9 0J 173 0.06 52 0.04 *T Z3 Dmsrtr Water «*sMw AibAlwlalaw Siteiil No abow £25 0 0 6 0 0 0 TwS 380 Aw HI2 0.2 M.7 0.06 29 0.02 tan 380 Mai I9U Oi 19.0 0.09 51 0.04 «mn %M/» WW
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    • AIR & LAND transport
      • Article, Illustration
        Lock icon Searchers closing in on black box
        915 25 China Air crash search area narrowed down to 500 m radios AP Reuters AFP [PENGHU, Taiwan] Minesweeping ships were helping investigators yesterday in the search for the voice and flight recorders of a China Airlines jet that broke up high over the Taiwan Strait,
        AP; Reuters; AFP  -  915 words
      • Article, Illustration
        Lock icon Garuda teams up with M'sian agencies to tap Mid-East market
        472 25 It hopes tourists to Malaysia will extend their trips to Indonesia Bernama [KUALA LUMPUR] Indonesia's national airline, Garuda Indonesia, will be joining forces with Malaysian travel agencies to get the increasing number of Middle East tourists coming to Malaysia to
        Bernama; FILE PHOTO  -  472 words
      • Article
        Lock icon S Korea's China services eclipse Japan routes
        343 25 More Chinese travel to cheer national team Reuters [SEOUL] South Korea registered more flights with China than with World Cup cohost Japan in April as the number of Chinese fans soared ahead of their national team's international soccer debut, an airport official said
        Reuters  -  343 words
      • Article
        Lock icon US offers bonus to private screeners at airports
        347 25 Move to keep them longer for smooth takeover by federal workers Reuters {WASHINGTON] The US government is dangling US$5OO bonuses as incentives to stay on a bit longer to many of the tens of thousands of privately hired airport security screeners it
        Reuters  -  347 words
      • Article
        Lock icon All Nippon computer glitch tuts flights
        92 25 Bloomberg [TOKYO] All Nippon Airways Co, Japan's largest domestic carrier, said a computer glitch prevented planes from taking off at 54 airports at home and abroad yesterday. Its boarding and reservation computer system failed at 34 domestic airports and at 20 foreign cities, All
        Bloomberg  -  92 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1556 25 on wr n* turn w umro 22» mat am Kmnttrtom $023 0605 GA974 0130 KU37 15» KLS3S 2225 S024 2345 tmrnmmm mm mm Atkm SO347 0550 *KUm< IM9817 WOO UfWte 2020 ■223 N00 *224 2020 $***** 1900 $***** 2020 ****** 2045 ****** 2100 $0206 2045 $02*5
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      427 18 I NORTH AMERICA QULF/INDIA SUB-CONTINENT rasa vor ta 's?""rw rasa vqt ma mm mm "T 00a WTAM sown 00/05 m7OS M 705 KO NMIOVB KOU OK 23/04 14/0$ 24/05 02/04 OOQ4HMM 40W14 IS/IS 02/00 04/00 PtO NBUOVD HOM 021 20/05 30/05 01/04 M/Q4 ooauuramu *2*20 22/0$ 00/04 11/ m *'/oo
      427 words
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      86 18 WORLDGATE EXPRESS LINES PTE LTD I 180, Caefl StrMft, *16-03/04, Bangkok Bank BuMng, Vpora *****6 Tel: *****911 Fax: Email: wgate@mbox2.singnet.com.sg WEBSITE: http-J/www. wortdgate.com.sg WEEKLY FCL LCL SERVICE TO FOLLOWING PORTS gggfjg m I must an —mmm<m m~ Hff —hSffi— gg QlQt n Ml teffL 3Mh- ovmm/mn oi/Qi BSB *7^ aggw»
      86 words
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      624 18 Lines services represented by (Zmski\ Member* of the Registry of Shipping Agents, Snggpore Shipping Association Members of the Singapore Logistics Association g UIY UM MALI vissa vot liu in flu P.UANG STOCf MALI Princess Lity 0502 07/06 08/06 16/06 Empress Lily 0402 17/06 18/06 26/06 Princess Lily 0602 02/07 03/07
      624 words
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      Lock icon Page 19 Advertisements Column 1
      828 19 TO USA (SAX S«VKD VRStt VOT SIN ETA LAX OAK DAL HOU 041 COl MEM ATI NTC Aft ENGLAND HOE It/05 13/06 17/06 17/M4 17/04 17/M4 10/06 17/06 19/06 If/0* API CANADA 10SE 05/06 20/06 24/06 24/06 24/06 24/06 2S/06 24/06 26/06 26/06 tfl SCOTLAND IWI 12/06 27/06 01/07 01/07
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      Lock icon Page 19 Advertisements Column 2
      1387 19 >aiCT Udl ION6KOU n* irn SgglST"' E52?!,,, "^ESS/ 41 I «lr) IMI ■Ic LTD owwmiii/i) mmm ttHSBS/75 I isi a A BW"» SSB SSKS I W. 1.1. 17TH JUNE 2002 SSvSSkmmm m»m,m Hxaaam <p ro waoy str wc qm mi in mo n m u m «a* UtfttSS MMVBI /(118
      1,387 words
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      Lock icon Page 19 Advertisements Column 3
      537 19 »Ka wr_jj__jgu_ hk jK_ aKTHK m us* w KMTCIKSAW M 7» «/5 30/S 2/4 S/t 7/4 11/t jOMg 003H M/S W/5 31/5 OffC HOMGOW6 207W i/t 7/4 11/4 IV4 15/4 U/t HTWD4IVUDWOSTOK HQS 27/5 5/4 V 4 15/4 KMTCgaW6 IWW 12/4 IVt 14/4 H/4 ?)/4 jyTIM7S 31/5 7/4 </4 11/t|lZ/4|15/4|
      537 words
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      851 20 HMim* HYUNDAI MERCHANT MARINE CO., LTD. jlwnpH': www-h—2l-t— Q NO. *****9******1 iwaa wr TT sou uh mi in mm [HTI vbsb W "son""W~mT ~W Hm HT Tf WTHaiW* IMW IJ/OS M/M W/0S 10/0S 01/ M MOiSOtUTION MSE M/M 17/ M 21/ M 11/ M 14/05 "J 1 I*/M «/0t 07/
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      518 20 HAN HA! LIMSS u INTRODUCING: NEW WilKlY EXPRESS SERVICE icggt HHI Weekly Express Tuesday sailing For more details, call HOTLINE: 1800-*****00 or *****588 w* 5? w IM umt mr ASUOTtBSUU SAUD MS 04/ M 06/06 10/06 11/06 Sf 1 5/06 20/06 21/06 26/06 25/06 36/06 01/07 ***** SW« w jmm
      518 words
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      531 20 m SJQiFA WEEKLY EXPRESS SAILING SCHEDULf ALSO ACCEPTING TO ALL MOBTHERM AMD WESTERN ICO POMfTI gOf P BAN6| tOUMMO M. fIKVA| COUMMO vb»ma« vot m/n» fta/fto tiA/n> ita/to Tu/nT DuniMtt irwni j»mt nw im ~Tm Tm MOB HUM E7S 3MI Sit IMI ITS ~m~ umium iiiw ii wi i?jw it
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      1015 21 ivissa vor khh hko sin i na I pxi I mi I pmm nk MAN HORAAOZGAN PCI-261 28/05 29/03 01/06 02/06 09/06 10/06 12/06 14/06 MAN TOMAN PCL-262 04/06 05/06 08/06 09/06 16/06 17/06 19/06 21/06 MVUNOAVU PCL-263 11/06 12/06 15/06 16/06 23/06 24/06 26/06 2S/06 MAN KERMAN PCL-264 It/06
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      Lock icon Page 21 Advertisements Column 2
      482 21 UK CONTINENT SERVICE Loadng for WMITRA RDM/ATW/BMN/UK/NAN MARYLAKI RDM/ATW/BMN/UK/NAN Loads Slngapofe. E/W. Mateyaa. Indoneaw MIDDLE-EAST SERVICE Loactng for AFRICA JDH/AQA HANDY DRAGON DBl/ABU/DOH/B RN/DM M/KWT TZANETIS DBI/ABU/DOH/BRN/DM M/KWT MERID4AN NAVIGATOR DBI/ABU/DOH/BRN/DM M/KWT LOK KRANTI DBI/ABU/DOH/BRN/DM M/KWT Toads Sngapore, E/W Malay aa. Indonnw USA SERVICE Loading tor KONAMAR CAM/NFK/SAV/NOL PAN DYNAMIC
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      Lock icon Page 21 Advertisements Column 3
      572 21 i£L 5W ®L— -«ssa _Jfffl su BR 5S} K j?fl? Eff MU UU M/ 85 81/8* fflgjii[ «F=fc= WMBflffil MMOW 11/8* IS/** m&S ■PO gwtns 1 jump* ivS j'/H AfitußS Hi ftfij— UQISIL VQI g| fKI) "SSj SSn S£ Sfi- f"lM» EM ~n7tr~ yygjg^^|jg=—3%— -IBS SCSI "K" hq ur w
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      157 22 Yep YVvfe K^OTCiO Gfond Vision 003E 03/06 12/06 19/06 ~***** ZZZ Grond Vision 003E 03/06 12/06 22/06 25/06 27/06 Washington SenqtoT 952E" T0706 06/07 T3707~ W 1?757 ~22/57~ 25/07 Washington Senator 952E" 10/06 26/06 03/07 04/07 Washington Senator 952E" 10/06 01/07 10/07 11/07 U/07 Jppqn Senator ?4TI ***** W W
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      272 22 CWT GLOBEUNK PTE LTD W OWN Of nets IN TEL.*****833 (36 LINES) FAX.622 58 742 M SYDNEY-MILBOU*NI-HNANG-K>*T KELANG RASI* GUDANGtUCHING BANGKOK-KARACHI BOMBAY NEW DELHI COLOMBO HO CHI MINH CITY HAIPHONG HANOI BREMEN HAMBURG TIANJIN OINGDAO SHANGHAI XIAMEN fUZHOU DALIAN XIAN BEIJING SHI HA ZHUANG WEEKLY DIRECT GROUPAGE SERVICE TO CENTRAL
      272 words
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      Lock icon Page 22 Advertisements Column 3
      225 22 BSA MYANMA FIVE STAR UNE wssa vor n m m CMH SHWI HAW S4W Sit PAGAN mw Sit M MALAYSIA: OOUSTEAt SNIfflM AGCMCKS KIIL 03-*****300 HI: 03-317M101 PBfc 04-2****** M BANK LINE d Ukm Wtk WOtTHIOUNP TO EUROPE V CDNttMR, ROtO, MUX 4 HUVYUFTS s« na mm huu unr SHYIAIR
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  • Page 24 Miscellaneous
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      Lock icon Page 24 Miscellaneous Column 1
      122 24 LEGEND: by Meteorological Service Singapore K Thunderstorm Showers Ra n 3 ?h atUre Wind direction and speed in knots Cloudy Day Weather ><J Hazy Wind speed symbols Sea, Conditions O Full circle w/o line indicates calm or light and variable winds |__J s, '8 ht *1 2m half fleche represents
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      416 26 Our Heartiest SEMBAWANti^Mf) fk :^--fijsh Wli rii ll IMMBMi MfSk »v -I [ft s CIL. nppi On the Launch of MV Kimtrans MEGA-LIFT Germanischer Lloyd Class Self-Propelled Multi Purpose Crane Vessel, "First of its Kind" in South East Asia. As a leader in Marine Mining and Integrated Logistics in South
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