The Business Times, 29 May 2002
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2002-05-29
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The Business Times
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Title Section14 2002-05-29 1 THE BUSINESS TIMES MTTA (P) OKVO3/20Q2 85C SINGAPORE internet: http://business-times.asial.com.sg WEDNESDAY, MAY 29, 200214 words
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Article77 2002-05-29 1 □sn UNJ3 (-13.68) nSTDOIEXmUXES mm 1,711*0 (-6.00) Qamnnroiß mm mm (-0.40) STO01MI1XET DQHCBS Tuesday Change KLSE COMP 761 JO AM NIKKEI 225 _llj»t06 -40i7 HANG SENG 1,581.58 *1186 SET INDEX 403.04 ♦18J6 JAKAETA COMP JUJ8 +471 MANILA OOMP .14a 12 -7J7 TAIPEI WPI 5.***** ,-9ft37 SEOUL COMP __m»»77 words
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Article64 2002-05-29 1 FOBEX KATES USS 81 OSSpSperUSS) 1.7M £(US$/S$ per 1.459 2*17 EUBO(USS/SS/E). UK 1JM DM till ljtt YEN 124.1 0.§o KM MM 1118 HK$ 7.7M U4« BAHT 42.M 2178 RUPIAH 8,868 <943 PUKE BATES SINGAPORE* 516 KUALA LUMPUR 6.40 BONO KONG i.l» JAKARTA 39.00 TAIPEI (.728 TOKYO 1475 SEOUL FRANKFURT64 words
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612 2002-05-29 1 Genevieve Cua - l-Jlexclusivel If it succeeds, move by Pioneer Investments will be world's first By Genevieve Cua [SINGAPORE] Can't afford to invest directly in a hedge fund? Well, you may soon be able to invest in it as a stock. US-based mutual fund group612 words
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Article, Illustration656 2002-05-29 1 Chuang Peck Ming - Unexpected BJ% rise strongest in 12 months By Chuang Peck Ming [SINGAPORE] Singapore's manufacturing output rose by a higher-than-expected 8.1 per cent in April from a year ago the strongest growth in 12 months and the clearest signal so far that the economy may finallySource: - 656 words
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718 2002-05-29 1 Anna Teo - Manufacturing may have recovered, but don't count on a sustained upswing says Too Anna Teo WHEN the economy is at a turning point, the numbers tend to get choppy, with dips and spikes from month to month. April's consensus-beating 8 per718 words
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755 2002-05-29 1 Eddie Toh - A new breed at MRCB is showing the way, says Eddie Toll in Kuala Lumpur Eddie Toh THE new team of young professionals at Malaysian Resources Corporation Berhad (MRCB) is definitely not averse to trimming the corporate fat that's been built755 words
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Page 1 Advertisements
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Advertisement163 2002-05-29 1 mama Top Stories SingTel: data hosting sales to hit A$200m by 2005. Pg4 9 foreign firms with HQ here given tax breaks. Pg 7 Genting founder's youngest son seeks own empire. Pg 11 Wall St bosses took big pay cuts last year. Pg 13 Vodafone loss widens to £16b. Pg163 words
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Advertisement33 2002-05-29 1 Servieea revenue down 1.7% in Ql, Next Page Co.'iference Board index dampens US economic hopes PAGE 15 < i r j t i i j i < India-Pakistan war fears j South Asian stock markets33 words
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Article, Illustration428 2002-05-29 2 Compiled by BT CD Young Malay blood Abdul Rahman Ahmad, 32. Read economics at Cambridge University and later qualified as an accountant. He joined Danaharta as one of the debt busters and was appointed to head MRCB last year. Shahrll Ridza Rtdzuan, 31. Obtained a First-ClassCompiled by BT - 428 words
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ON THE grapevine
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Article91 2002-05-29 2 CAN astronomical or astrophysical observations help predict stock market trends? Yes, says US fund manager Paul Montgomery who, for the past 40 years, has observed that a full or new moon often marks a turning point in the market within one-and-a-half trading days. However, he admits that91 words
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Article116 2002-05-29 2 SEVERAL well-known Singapore companies are up to some monkey business. But it's all for a good cause. The Lee Foundation, Bukit Sembawang, Body Shop, Asia Pacific Breweries, Crayola, Tony Romas and Technics are among the sponsors for Operation Wild The Zoo on June 2. The event is part116 words
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596 2002-05-29 2 Siow Li Sen - Their employ&bility will be enhanced, ministry says; DBS to adopt portable scheme soon Siow Li Sen [SINGAPORE] The Ministry of Manpower (MOM) yesterday weighed into the argument for having a portable medical scheme, saying it would enhance the employability of older workers.596 words
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Article, Illustration433 2002-05-29 2 Loh Hui Yin - But there could still be bumps ahead in developing Snzhon park By Loh Hui Yin [SINGAPORE] There is a convergence of minds between China and Singapore over the Suzhou Industrial Park (SIP), about one-and-a-half years after the change in shareholding, sayALBERT SIM/ST - 433 words
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Article120 2002-05-29 2 REFERRING to two BT articles, "Hyundai distributor under car-value tax probe" and "Komoco's car stocks at a high of 7 months", published on May 22, Komoco Motors Pte Ltd has clarified that the check by the Customs Excise Department (CED) on Komoco was part of the CED's routine audit120 words
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Article, Illustration377 2002-05-29 2 Serena Ng - By I Serena Ng [SINGAPORE] Revenue from Singapore's services industry fell 1.7 per cent year on year in Ql 2002 from the same period a year ago, its second consecutive quarterly decline, according to preliminary figures released yesterday by the Department ofSource: DOS - 377 words
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Advertisement747 2002-05-29 2 J| INNO-PACIFIC HOLDINGS LTD BiV (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HCREBy GIVEN that the 28th Annual General Meeting of the Company will be held at 70 Shenton Way, #03-02 Marina House, Singapore *****8 on Friday, 14 June 2002 at 9:30 a.m. to747 words
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Advertisement10 2002-05-29 2 Matthag: Why new medical benefits scheme is needed, Pg 910 words
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Advertisement297 2002-05-29 3 OTGreatUNK i Charity Golf Challenge Fund-raising for Golden Care, a Great Eastern project for the Community Chest Q—at tatfwn'i Charity undw NTPRESENTMkON 21 ■E l 11 K2ch«rity Golf Challenge Ifp-' ow 0# G*»o< EotJ.T uno*f Corrvrxinffy (QUE PRESENTATION CEREMIi^HH 21 ififc Straits Lion Asset Management Private Limited iH@J Up J297 words
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SINGAPORE companies
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Article, Illustration483 2002-05-29 4 Angela Tan - Telco plans to iqject a farther Aslsm into Australia over the next two years Reports bi Angela Tan SINGAPORE Telecom yesterday said it expects to reap As2oo million (*****.8 million) in annual revenue by 2005 from data hosting services and plansFILE PHOTO - 483 words
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646 2002-05-29 4 Lehman upgrades telco to 'strong bny' while ÜBS downgrades it to 'hold' LEHMAN Brothers Equity Research has broken its 20-month streak of negative recommendation on Singapore Telecom and upgraded the stock to a "strong buy" on excitement over the telco's longer term prospects646 words
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249 2002-05-29 4 David Boey - w David Boey EXCEL Machine Tools has lost its chairman, Bruneian princess HaJah Amal Rakiah, and its executive director, Muhammad Mar'ie Moniaga the princess's personal assistant after the two did not offer themselves for re-election to Bxcel's board at its annual general meeting yesterday. V*249 words
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285 2002-05-29 4 Al Labita - From Al Labita in Manila DBS BANK and six other foreign and local banks have been chosen by the Philippine central bank (CB) to underwrite its US$5OO million five-year loan. CB governor Rafael Buenaventura said they chose the DBS Bank group because285 words
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Article, Illustration339 2002-05-29 4 Serena Ng - It has struck deal with US-based investment group By Serena Ng TROUBLED Sesdaq firm Penton International yesterday shed some light on its rescue plan for its British subsidiaries, saying it has been granted a US$l2 million equity line of credit by a US-based privateSource: Reuters - 339 words
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Article, Illustration331 2002-05-29 5 Vince Chong - Its Somerset Residences follows in wake of venture with UK developer By Vince Chong SERVICED residence group Ascott will relaunch 680 apartments across the United Kingdom in the next few months, following a repositioning exercise after it secured management of the units in331 words
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785 2002-05-29 5 anthony rowley - MTrlll I'll! I'M anthony rowley AN easy way of making money during the past 10 years has been to wait for Tokyo's Nikkei 225 stock average to dip below 10,000 (which it has done with depressing regularity) and then to invest in the785 words
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Article258 2002-05-29 5 The 68 luxury units are part of a prime Shanghai project IN its first major China investment, Ho Bee Investment has bought 68 luxury apartments with carparking lots in a prime Shanghai project next to an MRT station for 127 million renminbi (Ss2B million). The258 words
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COMPANYBriefs
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Article54 2002-05-29 5 Reuters PROGEN Holdings, which makes airconditioning systems, yesterday said it is proposing a bonus issue of one new share for every two shares held. It said the issue is to reward members for their continued support and will also serve to increase the capital baseReuters - 54 words
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59 2002-05-29 5 SHARKSFIN restaurant operator Thai Village Holdings said for the half year to Mar 31,2002, net profit grew to $1.95 million from $0,709 million a year ago. Turnover increased 31 per cent to $21.5 million. Earnings per share grew to 1.33 cents from 0.49 cent.59 words
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Article76 2002-05-29 5 STAMFORD Land Corp swung to a net loss of $24.9 million for the year to March 31,2002, from a profit of $9.4 million previously, hurt by exceptional items of $11.4 million and a jump in foreign exchange losses. Group turnover fell 22 per cent76 words
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Article37 2002-05-29 5 nanx nas made a clean sweep of Asiamoney s Domestic Bank Awards 2002 for Singapore. The bank was named best domestic commercial bank, best domestic bond house and best domestic equity house.37 words
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42 2002-05-29 5 Reuters ELECTRONICS product maker Enersave Holdings plans to place 15 million new shares, or 13.9 per cent of its capital, at $0,135 per share, which is a discount to yesterday's closing price of $0,145 ReutersReuters - 42 words
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Article73 2002-05-29 5 Dow Jones Newswires SINGAPORE Airport Terminal Services yesterday said its plan to invest in an Indian joint venture has received approval from India's Ministry of Commerce and Industry. Sats will own 49 per cent of the joint venture Taj-Sats Air Catering, while Indian Hotels Co, aDow Jones Newswires - 73 words
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Advertisement679 2002-05-29 4 CREDIT FIRST SUISSE BOSTON BALANCE SHEET AT 31 DECEMBER 2001 PROFIT AND LOSS ACCOUNT 2001 ASSETS rur°J. rJ? 00 INCOME AND EXPENDITURE FROM ORDINARY 2001 2000 E=S 2£= SsE£_ .""awuswMs offl c£!i Money market RmuH« from Interest buelneM 17,704 17 494 Interest and discount income 10 10 *****5 127,776 Interest679 words
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Advertisement238 2002-05-29 5 A member of citKjroujST Not enough Asia Miles .*£4 to go where you want to? Citibank Cathay Pacific Visa Thanks to the Fast Track program from Citibank Cathay Pacific Visa, it's even easier to get to destinations such as Hong Kong, Bangkok and Vancouver from now to 30 Nov 2002*.238 words
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SINGAPORE markets
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Article, Illustration311 2002-05-29 6 OTHER SINGAPORE INDICES May 28 VALUE CLOSE BTOMOS -416.00 -150.00 ■TCAtt -*****.00 -174.00 WltigMft -*****.00 -41.00 451.46 -4.05 SG EWct 151.55 -2.07 wriiliifti 1524.53 -10.27 $GE««Mtop J*?*- 06 mnvmmiii 214.41 -2.03 SMKIFMaw 215.00 -0.40 Slocks Voluma Asiamede 5c 19,900.000 ThaiVillage 5c 15,570,000 »L Intl US20C 13,236,000 WesTech 10c 11,063,000 STEngglOc311 words
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Article, Illustration815 2002-05-29 6 larry wee - Ilongervievv CURRENCIES Small hopes for a respite hinge on better US data this week larry wee THERE'S a sliver of a chance that the US dollar may be able to buy a bit of time this week on strong consumer numbers. But beyond that815 words
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Article, Illustration706 2002-05-29 6 r. sivanithy - comment STOCKS r. sivanithy IT used to be that when blue chips (the rich stocks) weakened, penny counters (the poor stocks) could be relied on to hold the fort. And conversely, when small caps sagged, there would be support for blue chips.706 words
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Article2706 2002-05-29 6 UNIT TRUSTS FUNDS CitiSetect Asia Tilt Balanced 128/ CitiSetect Asia Tilt Growth u« CitiSetect Asia Tilt Enh Grth l ift ABN Amro Asset Mat (S pore) CitiSetect Global Growth 10* Star Europe Eqty!* 0 7791 CitiSetect Global Income 1.11/ Star EuropeBd 0987/ Citi Global Healthcare fund 09V Star Europe Bal2,706 words
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SINGAPORE news
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Article, Illustration404 2002-05-29 7 Adeline Chia - Their status allows them to enjoy lower taxes for 5-10 years By Adeline Chia THE Economic Development Board (EDB) yesterday presented taxconcessionary awards to nine foreign companies with headquarters in Singapore. Companies receiving the Business Headquarters (BHQ), Operational Head quarters (OHQ),404 words
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486 2002-05-29 7 Kalpana Rashiwala - fsll exclusivel New owner relaunches it as Marine Cove Kalpana Rashiwala THE East Coast Recreation Centre has had another change of ownership. Rock Productions, the business arm of New Creation Church, has taken over the 232,000 sq ft site's remaining eight-and-a-half year lease and will486 words
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419 2002-05-29 7 Vince Chong - on the economy advertising expenditure -By Vince Chong DESPITE the economic downturn, companies have continued to fight for the spotlight, with spending on television advertising rising 28.2 per cent year on year in Ql 2002 to $138.6 million. Figures released yesterday by Nielsen419 words
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246 2002-05-29 7 Vince Chong - Vince Chong ATTRACTIVE pricing and location are holding up sales of some upmarket private homes despite the spectre of Central Provident Fund changes, analysts say. According to them, sales of some upmarket homes have been encouraging. City Development's freehold landed Goldenhill Villas project246 words
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Advertisement919 2002-05-29 7 M22^EmaiUecruitS2sp^oii^i X Chiao Tung Bank Co., Ltd. (Development Bank incorporated in Taipei, Taiwan R.0.C.) board of directors ■HIHBHKSXUBSuBHHm Ch «i""»n ShenChth Cheng NTS in USSin Managing Director* Mr. Llwg t— Lin ASSETS Thousands Thousands Mr Leon l Sh«n Cash and due from banks 58,413,342 1 668 619 Kuo-Hsiung Chuang Securities919 words
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Advertisement934 2002-05-29 7 4® ÜBS Financial Report 2001 Consolidated hlwm Shat «t 31 Pffntor 2001 Consolidated Income Statement 2001 CHf million 2001 2000 CHf million 2001 2000 1999 Operating income Cash and balances with central tanks 20,990 2.979 Interest income 52,277 51,745 35.604 Due from banks 27,526 29,147 Interest expense (44,236) (43,615) (29.695)934 words
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EDITORIAL & opinion
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Article, Illustration732 2002-05-29 8 shada islam - HiTT3 I bottom line OPINION shada islam The writer isßT's Brussels correspondent AS tensions between nuclear-armed India and Pakistan escalate, Western peace efforts are desperately needed to avert the very real threat of another South Asian war. The United States732 words
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Article83 2002-05-29 8 I have no interest in soccer, but I'm worried sick about hooligans. I'm thinking about retreating from Tokyo to my parents' house in the hinterlands.' -UkftkoHarata a 29-year-old homemaker in Tokyo, as the World Cup has Japanese bolting their doors and bracing for the worst. 'We must83 words
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Article576 2002-05-29 8 EDITORIAL PUKhIbN ministers of 18 Asian countries are set to meet in Bangkok next month under the auspices of Thai Prime Minister Thaksin Shinawatra to see how participants can pool their economic strengths in a pan-Asian economic forum Dr Thaksin's idea of creating this new576 words
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Article, Illustration1427 2002-05-29 8 Michael Porter - In a slump, companies reacting qnickly can unwittingly erode their competitive positions. There are fonr common mistakes they should avoid By Michael Porter The writer is a professor at Harvard Business School. He will be doing a seminar in Singapore on July 30AFP - 1,427 words
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Advertisement42 2002-05-29 8 I Attention: Medical practitioners, accountants,! bankers, engineers other professionals UNIVERSITY OF LONDON Graduate entry route Full time Part time classes Commencing: June 2002 call 6337 8000 A V-x Singapore Institute Commerce School OF Law 2SoMlddto Road SIC. BuMdbig Ema«: •nqu*y«sfc.K)u.«g WtoMte: www.s4ctdu.ag42 words
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MAIL bag
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434 2002-05-29 9 Jean Tan (Ms - Jean Tan (Ms) Director, Corporate Communications for Permanent Secretary Ministry of Manpower WE refer to the letter "Portable medical cover is not so simple" (BT, May 20) from Mark Myerson, director of i-Benefits Pte Ltd, commenting that portable health plans are fraught with434 words
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Article262 2002-05-29 9 Chua Soon Hock - Chua Soon Hock Asia Genesis Asset Management Singapore I REFER to the article, "Beijing, Tokyo officials clash over yuan" (BT, May 27) by Anthony Rowley. Japan's foreign exchange arguments are just a cover for the repeated failure of its economic policies. Recently, and over the262 words
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Article, Illustration228 2002-05-29 9 Kelvin Tong Tze Meng Singapore - HDBCARP ABXS Kelvin Tong Tze Meng Singapore LEE Han Shih's commentary ("HDB carpark operations are profitable", BT, May 28) really opens up my mind on the so-called losses that the Housing and Development Board says it incurs running its carparks. When the HDB (or228 words
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179 2002-05-29 9 Low Si Hua Singapore - Low Si Hua Singapore I REFER to the commentary "HDB carpark operations are profitable" (BT, May 28) by Lee Han Shih. As a car owner living in a Housing and Development Board flat (and thus parking in an HDB car park), I am definitely affected179 words
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172 2002-05-29 9 Chew Keng Seng Singapore - Chew Keng Seng Singapore MUCH has been reported in your paper on the rotation of auditors. One key argument against rotation is the extra cost and time spent in rotating auditors. I disagree. I suggest that in the sth year (assuming a five-year172 words
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Advertisement94 2002-05-29 9 Since 1975 our worldwide staff of over 275 multi-disciplined professionals f V including lawyers chartered accountants Ik! j k V chartered secretaries and bankers have W jg a provided confidential and cost effective fIL company formation in all the major low Incorporation Fees from US$5OO ThG WOrld'S C <J"professional after94 words
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Advertisement230 2002-05-29 9 lOOOTo»PtyohMorth,PodkmLmitl3,Slngioom3ia9»4. B LflM •Cnj A i HU IHVTtIW* IV I »J jI I «~4 lii hrj I w< HI fivilftJ iM lw g^Bt; EiILSE; 3 n d P<fg! 1 v^ ''jlf H *^< > When software lets you quickly capitalize on new customer opportunities, that's business with .NET. Talking about230 words
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FOCUS enterprise
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Article, Illustration1279 2002-05-29 10 GRACE TAN - David Leong, who sold his property portal as the Internet bubble burst tells obacb taw how ancient Chinese military strategies have inspired his business and management styles GRACE TAN WITH th bursting o the Interne bubble an< the subse quent demis of propert; portals, on< wouldREUTERS; CHRIS LOH - 1,279 words
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649 2002-05-29 10 ASK David Leong how he came to be an entrepreneur and he will tell you that entrepreneur-ship is in his blood. As president of the Business Administration Club at the National University of Singapore (NUS), he recalls how he raised money649 words
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Advertisement93 2002-05-29 10 MARKET. IN SINGAPORE From the seeds exciting WSingopore key to needs our new HpL on to innovative products "y u Toke o drink mode from *i 5Jf A. v fji*-*- created £•''*'&!#>and developed in the heart of the tropics ".T v > for the world Th e list <eeps growing93 words
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REGIONAL news
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355 2002-05-29 11 Eddie Toh - Report says Lim Chee W&h wants to turn Dataprep into international brand From] Eddie Toh in Kuala Lumpur THE youngest son of Lim Goh Tong, one of Malaysia's richest men, will not be returning to the family-con-trolled Genting Bhd group after all. Lim355 words
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376 2002-05-29 11 KUALA LUMPUR It plans to offer more attractive deals to airlines AFP MALAYSIA vowed yesterday to step up its ambitious campaign to become the region's aviation gateway to compete with neighbouring Singapore by offering "more attractive" deals. "We are still workingAFP - 376 words
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263 2002-05-29 11 KUALA LUMPUR Dow Jones Newswires MALAYSIAN conglomerate Sime Darby Bhd yesterday said its margins will be hurt if BMW implements a plan to take over the BMW car wholesale operations in Malaysia. Sime Darby group chief executive Nik Mohamed Yaacob said senior BMWDow Jones Newswires - 263 words
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NOTEBook
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76 2002-05-29 11 Reuters, Bloomberg [BANGKOK] Thailand's main stock index closed above 400 points yesterday for the first time since April 2000, boosted by an influx of foreign funds drawn by improving Thai corporate profitability. The benchmark Stock Exchange of Thailand Composite Index was up 10.95Reuters,; Bloomberg - 76 words
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57 2002-05-29 11 Dow Jones Newswires [KUALA LUMPUR] Malaysian Airline System Bhd will release details of its long-awaited overhaul plan at a briefing today, a company official said yesterday. The company is also expected to release its financial year results for the fiscal year ended March 31Dow Jones Newswires - 57 words
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49 2002-05-29 11 AFP [HONG KONG] Hong Kong Chief Executive Tung Chee-hwa's Cabinet, the executive council, yesterday endorsed a proposal to cut civil service salaries by up to 4.4 per cent from October in an attempt to slash its huge budget deficit. AFPAFP - 49 words
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Article41 2002-05-29 11 Bloomberg [KUALA LUMPUR] Malaysia Airports Holdings Bhd won the right tobuild and operate an airport in the southern Indian city of Hyderabad, along with a local Indian company, executive director Rosman Abdullah said. 4- BloombergBloomberg - 41 words
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Article112 2002-05-29 12 Bloomberg [BANGKOK] Thai Finance Minister Somkid Jatusripitak and 14 other ministers survived a no-confldence vote, ending a four-day day debate on allegations of corruption and poor management of government policies. Mr Somkid and the ministers received support from about two-thirds of the 500-seat lower house, whichBloomberg - 112 words
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434 2002-05-29 12 Shoeb Kagda - Cancelling deal will hurt future sales, say analysts From Shoeb Kagda in Jakarta THE Indonesian Bank Restructuring Agency (Ibra) is facing growing pressure to proceed with the sale of Bank Niaga even if the bid prices are below expectations so as434 words
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328 2002-05-29 12 BANDAR SERI BEGAWAN Bloomberg MALAYSIA said it agreed with Indonesia and Brunei to cooperate on production and shipping of liquefied natural gas, bringing together producers of half the world's LNG as prices fall. The South-east Asian rivals face excess supply and slowingBloomberg - 328 words
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122 2002-05-29 12 Reuters [SEOUL] US oil major Exxon Mobil and Malaysian state-run Petronas plan to buy a stake in South Korea's state-run Korea Gas Corp, the Korea Economic Daily reported. The two companies want to buy 10 per cent of the Korean gas firm's commonReuters - 122 words
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Article, Illustration406 2002-05-29 13 BOMBAY/KARACHI Pakistan's mixed signals, third missile test spook investors Reuters, AP, Dow Jones Newswires WAR fears gripped South Asian financial markets anew yesterday after Pakistan conducted a third missile test and a speech by its president unnerved investors worried about rising tensions withReuters,; AP,; Dow Jones Newswires - 406 words
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208 2002-05-29 13 CANBERRA AP A GROUP of 13 foreigners who were hired to investigate business affairs of Brunei's royal family and were later ordered by the government not to leave the country have been allowed to depart, Australia's Department of Foreign Affairs said yesterday. Brunei officialsAP - 208 words
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129 2002-05-29 13 Bloomberg [HONG KONG] HSBC Holdings, the UK's biggest bank, doesn't plan to set aside any additional provisions for its exposure to Argentina, chief executive Keith Whitson said. "I can't comment on the future as the situation and the legislation almost change daily but we remain adequatelyBloomberg - 129 words
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Article, Illustration574 2002-05-29 14 CAL CRASH Carrier slashes forecast pretax profit to NTsl7om from NTsl.4b Reuters, Bloomberg [TAIPEI] TAIWAN'S China Airlines, still stinging from Saturday's fatal crash that highlighted a poor safety record, suffered its first credit rating downgrade yesterday and saw its share price drop another 7Reuters,; Bloomberg; Source: Bloomberg - 574 words
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268 2002-05-29 14 AFP [BEIJING] China yesterday used the crash of a Taiwanese passenger plane that killed all 225 on board to push for direct trade and transportation ties with the island. The China Daily quoted officials and analysts as saying the disasterAFP - 268 words
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ASIANotes
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61 2002-05-29 14 Bloomberg [SHANGHAI] The Shenzhen Stock Exchange rejected Gintian Industry (Group) Co's application to resume trading, which may lead to the real-estate developer becoming the fourth company to be expelled from China's stock market. The exchange rejected Gintian's application to resume trading after the company failedBloomberg - 61 words
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69 2002-05-29 14 Reuters [TOKYO] Matsushita Electric Industrial Co, maker of Panasonic goods, said yesterday it aims to more than double its output over the next three years in China, which it called the new benchmark for competitiveness in manufacturing. Matsushita, the world's second-largest consumer electronics maker, hasReuters - 69 words
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Article74 2002-05-29 14 Bloomberg [SINGAPORE] Nissan Motor plans to sell between 4-5 per cent more vehicles in Asia outside of Japan this year, with sales accelerating from 2003 because of growth in China. Japan's No 3 carmaker pold about 230,000 vehicles in Asian countries outside of JapanBloomberg - 74 words
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Article42 2002-05-29 14 Reuters [SHANGHAI] China will issue 46 billion yuan (5J9.9 billion) in seven-year treasury bonds from June 6 and state banks will sell some of it to retail investors for the first time, the Finance Ministry said yesterday. ReutersReuters - 42 words
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Advertisement364 2002-05-29 11 ©HOUSING DEVELOPMENT BOARD STATE LAND AVAILABLE FOR APPLICATION UNDER THE RESERVE LIST SYSTEM OF THE GOVERNMENT LAND SALES PROGRAMME The particulars of the land parcel are: Land Parcel <£f >P I OX Pr posed QPR Lea»e Site Area Development Term Sengkang P2 at 8,758.8 m* Mixed Commercial 3.0 99 years364 words
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Advertisement380 2002-05-29 12 THE NUGAN HAND BANK (In Liquidation) As Joint Official Liquidator of the above Bonk, I am urgently attempting to locate former depositors/investors of the Bank, or their relatives, prior to the imminent completion of the winding-up. As a consequence of my investigations the details of the following persons have been380 words
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Advertisement14 2002-05-29 12 ■KKXZIHEHraMHHMHI —Lianhe Zaobao B I Wearable I I computers I I the newest I14 words
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Advertisement345 2002-05-29 13 rage i. Olntentia is a world-leading provider of collaboration and integrated e- Ai business solutions within the enterprise software space Intentia offers 111 II I I one-stop shoppmg for all collaboration needs We develop, implement B M and maintain our solutions to produce the highest possible level of customer satisfaction345 words
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Advertisement383 2002-05-29 14 BRITISH CHAMBER r f OF POM KA FR C F Membership Eligibility Vw/JL V-/vyl VLIV LL IVVu L BritCham is open to anyone with an interest in the aims of SINGAPORE the Chamber and membership can be either on a corporate j or individual basis. Adding value Membership Benefits tO383 words
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Advertisement385 2002-05-29 14 The winn er wi|l be announced Wnn J"ri CLJ fj tonight at the SME Awards Dinner DrM 1 1 Jil to be held at the Shangri-La Hotel. *A CHAMBER r r Our guest of honour will be Mr A k Tharman Shanmugaratnam, Senior I I Wr t Minister of State385 words
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Advertisement549 2002-05-29 14 r(i) SCD 320,000,000 Series 1 Floating Rate Notes Due 2003 j (ii) SCD 15,000,000 Series 2 Floating Rate Notes Due 2002 I U (iii) SCD 15,000,000 Series 3 Floating Rate Notes Due 2003 P Civ) SCD 15,000,000 Series 4 Floating Rate Notes Due 2004 fc I L (v) SCD 35,000,000549 words
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WORLD news
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499 2002-05-29 15 LATEST US INDICATORS May consumer confidence rose to 109.8, below expectations AP, Reuters, Bloomberg [NEW YORK] US consumer confidence edged up in May, though not quite as much as analysts expected, suggesting a slow economic recovery in the months ahead. TheAP,; Reuters,; Bloomberg - 499 words
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Article202 2002-05-29 15 CANBERRA Bnt many issues still to be resolved: Aussie minister Dow Jones Newswires AUSTRALIA and Singapore aim to sign a free trade pact in October, when their prime ministers attend the leaders* meeting of the Asian Pacific Economic Cooperation forum in Mexico, Australia's Trade MinisterDow Jones Newswires - 202 words
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Article, Illustration311 2002-05-29 15 Bloomberg [NEW YORK] Philip Purcell, chief executive of Morgan Stanley Dean Witter Co, took a pay cut of more than 50 per cent last year. So did JP Morgan Chase Co's William Harrison, Citigroup Inc's Sanford Weill, Bear Stearns Cos' James Cayne andBloomberg - 311 words
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252 2002-05-29 16 FRANKFURT Fault may be with throttle valve and electronic fuel pump Dow Jones Newswires BAYERISCHE Motoren Werke is recalling thousands of its new 7-series cars to check for two possible defects, the company said confirming press reports. News of the recall wasDow Jones Newswires - 252 words
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Article, Illustration449 2002-05-29 16 LONDON The mobile phone firm writes down £6b of assets; revenue np 52% Bloomberg VODAFONE Group, Europe's largest mobile phone company, posted the region's biggest full-year loss in fiscal 2002 as it wrote down the value of some assets. The net loss in the yearBloomberg; REUTERS - 449 words
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156 2002-05-29 16 TOKYO Reuters JAPAN Telecom, the country's third largest telecoms firm and a subsidiary of Vodafone Group, slipped into the red due to its ailing fixed-line business, the company said yesterday. After disappointing with a restructuring plan that fell short of expectations lastReuters - 156 words
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Article, Illustration590 2002-05-29 17 SANTA CLARA, California It hopes to boost sales in its loss-making communications nnit Bloom berg INTEL Corp plans to build communications chips at its own plants rather than just using outside contractors, as the world's biggest semiconductor maker tries to boostBloom berg - 590 words
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234 2002-05-29 17 TOKYO Reuters GLOBAL demand for semiconductors is expected to edge up 2.3 per cent in 2002, rebounding lightly after last year's worst-ever 32 per cent drop, an industry group that covers 67 major chipmakers worldwide said yesterday. The World Semiconductor Trade Statistics Inc alsoReuters - 234 words
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439 2002-05-29 18 WASHINGTON Accounting treatment focus of regulators' investigation Bloomberg GLOBAL Crossing Ltd and Qwest Communications International Inc paid each other US$2OO million last year for fibre-optic network rights, yet the former reported revenue on the transactions while the latter treated them as no-revenue asset swaps,Bloomberg - 439 words
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177 2002-05-29 18 Bloomberg [SEOULJ Morgan Stanley Dean Witter Co denied a newspaper report that it selectively disclosed information about Hyundai Securities Co to some clients five days after publishing a positive report on South Korea's third largest brokerage. A Morgan Stanley broker emailed some clients his personalBloomberg - 177 words
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294 2002-05-29 18 NEW YORK Reuters WITH Nasdaq stock prices flashing across its facade, the skyscraper in Times Square is a prime tourist attraction embroiled in a heated debate between real estate lenders and owners over the high cost of terrorism insurance since Sept 11. Following theReuters - 294 words
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385 2002-05-29 20 67.8b yen lost by 22 brokerages in year ended March 2002 Bloomberg [TOKYO] Foreign brokerages operating on the Tokyo Stock Exchange had a combined loss in the fiscal year just ended for the first time in six years asBloomberg - 385 words
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Page 15 Advertisements
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Advertisement195 2002-05-29 15 S 3 <© o*l The Relentl Pursuit Of Perfection :H It s pointless consulting those who own one. Tkey re speechless. Few words can mirror the feeling of cruising in a Lexus SC43O Should such perfection merit your approval, celebrate. Xune convertible coupe. Its 4.3-litre, 282hhp V 8 engine with195 words
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Page 16 Advertisements
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Advertisement35 2002-05-29 16 /fs amazing how oasify you can capture the attention of commuters with Stmats. To advertise, call pMV«|W|| 1800-822-6382 and ask about our promotional rate of $1980 for a full-page colour advertisement Prime time, prime news.35 words
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Advertisement633 2002-05-29 16 YHS YEO HIAP SENG LIMITED (Incorporated in Singapore) NOTICE OF CLOSURE OF BOOKS TO MEMBERS NOTICE IS HEREBY GIVEN that: The Share Transfer Books and Register of Members of Yeo Hiap Seng Limited (the "Company") will be closed from 12 June 2002 to 14 June 2002 (both dates inclusive) for633 words
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Advertisement496 2002-05-29 16 NOTICE Of APPOINTMENT AND SITUATION Of OFFICE OF KOVISIONAI LIQUIDATOR IN THE MATTES OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTE* OF PANDORA INTERACTIVE STUDIO PTE UD TAKE NOTICE THAT CHIA FUI MIN, CPA. Approved liquidator of JM *m*mi% 10 Amw Road *2603 Iwtairtuismiul Plan Smgapora *****3 Hot496 words
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Article, Illustration963 2002-05-29 17 Transaction date: May 28 1MTKMAMI cross rates c$ ffr o« WKS Mum** r« Wo. m *u> s$ b«« sh m us} tt J 0 859 4-646 0 606 4162 U ***** 49 649 0.696 6.852 2128 1.1T8 33.667 28.034 1 005 5 550 0 884 HJtl n hk *u963 words
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Article1715 2002-05-29 17 acoMroTQMB Mn ;s RUBBER Futures (doting prices) RSS1<SceMi/k,) Oo* Volume Open Mowth low Sett (tonnes) Interest J «02 ***** J*« 130.00 *°fl02 130.00 S«P 02 13 too RSS3 (UScentsAqj volume Open Month JJN* Lo* Sett (tonnes) Interest Jw 02 73.00 650 J" °2 7225 72.00 72.75 150 1650 72.751,715 words
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Article5101 2002-05-29 18 Transaction date: May 28 for more, go to wwwjasiaoiwiimarketsjcom HONGKONG «s 0,5 727 W Interchina Hldgs 0.95 unch ***** "P Int l Bank of Asia J.05 unch 476 iRegent Group 0-24 0 01 1021 AcrossAsia Multimedia020 unch 0 JCG Holdings 4 96 0 03 354 0.04 unch *****5,101 words
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Page 18 Advertisements
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Advertisement41 2002-05-29 18 De-stress your mind and body Not to mention your wallet. Ik V Spec ial Island Getaway liates lor Pkuket j{Mfi* Xlifi Irom I Ss2iK) onwards online reservations at g IT or call 6849 5800. BANYAN TREE 51 >io^r 2002 >ns apply.41 words
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Page 18 Miscellaneous
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Miscellaneous315 2002-05-29 18 CkVrriC CROSSWORD ACROSS H^H 1 2 [3 1 I 4 j 1 Could be the Duchess's make-up? (11) 8 Support form of post that is J|^HH stow to process (6.5) 7 8 I I I I 11 Building society workers in pleasant scene (4) 12 Prison disturbance (4) 13 Developing315 words
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Article2189 2002-05-29 19 Transaction date: May 28 KUALA LUMPUR FraniN»« MO -0.02 u Vol F5BM 312 -002 2 m *4- Cm* FW Industries X>33 unch IS Gadang 1.40 inch 2 A AM Realty 110 -0.03 29 Gamuda .635 0.05 730 Atrit 178 unch 52 GanadCorp 1.00 unch 1 ACP Industries .340 0.062,189 words
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Article719 2002-05-29 19 Transaction date: May 28 rn*mm, m O- Q-»| m*mm Til S*.. <"*> o-H 1JIO -ooio CjjxUUnd 1J3 1410 -0.030 OCBC IJ2 <2400 -0100 Owt SanoCond 26c 1S8 4 M0 4440 out «_51 7450 cSLteTXr «2 t£5L» iiS «UJ 44(0 -0410 CTM«*»T2Sc 475 ***** -4900 SOCK 04} 1290 -•■«<» SA»719 words
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Article586 2002-05-29 19 BONDS WARRANTS Laat MCm Eur 'oEc naz Cl I ff—Mto Ma %fMrt«o U» AST1WM0621 275 -05 74 1 16 2 155 25 Acma Ltd W*****6 3 1 50 *89 3.00 30 AmwfclM)***** 59.5 -I 214 1 33 6 147 37 Aiinttiur<g«M)40S20 4 1 10 27 2.75 24 A»aFoodPW*****2 05 1586 words
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Page 19 Advertisements
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Advertisement215 2002-05-29 19 Shop and win exciting prizes at I '5&" 6 y s I Great 1 igj®S§ Nikon 1 MX- Just spend $30 minimum in a single receipt at any participating outlet and call the hotline on the I *OG I tflM®' same day to submit your entry for both our Daily215 words
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Article4760 2002-05-29 20 Transaction date: May 28 for live prices, log on to urwu \asiaonemarkets£om ■2X- <— a A .r aya.-; a-; a-a-az 9 6 ABNAmroNLG 56c 9 12 u II 22.5 15 c AG Dynamks20c 18 16.5 18 0.7 8 07 30 171 18 32.5 115 c AEM-Evertech Sc 20.54,760 words
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Article43 2002-05-29 20 r,, s fw ays,g x'a"as tOBO 40 s Diamonds USMtOcd UK WO s SOJUSTatfi US4SOOcd ..I W tSMSOSpor* US57S 1K» *70 s ISS4PSOO USWMOol 1M00 J»50 s SPOK USMMM WlWtBimiOl 1714 -IS 23 1727 1714 1714 1717* I I I I43 words
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Article1141 2002-05-29 20 W C AH Mktal V 17 -0 5 17 <7 ff a -m r g»S:Sffsrrr=y3 4 'S Ji t S S 1 i J S S s «i«wttoo5( 14 5 unch 527 17 1*5 16 175 iTl 2 7 ,4», 20 £2T<? 5i *5 B.5 *5 n 491,141 words
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Article346 2002-05-29 20 JJ!" u«t)—«» GrMv Ohr 6rTM MM HCm M# Lot Ciapjai U* W- 8»yr Mfcr Cw m t3 105 9 AVJcnranplOOA l(Mcd *1 29 104 101 97 5 104 38 1.7 9.1 74 121M 115 60 AVJ*nr»ngs A25c A 1Q2cd -2 763 104 102 102 104 40 34 94346 words
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Page 20 Advertisements
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Advertisement54 2002-05-29 20 Le maitre de Vhorlogerie depuis 1875 Regional Aseht. Shonioom t Service Centre: C H A L L E N G I N G T I M E S I J* LEB ATE TH f 30 T H ANNIVERSARY OP HE ROYAL OAK, AUDEMARS PIGUET IS BACKING ALINGHI, SWISS CHALLENGE FOR54 words
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PERSONAL investment
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1068 2002-05-29 21 Robert Halili - markets By Robert Halili The writer is managing director of Asia Insider. He is assisted by Ngia Soon Chai THE Singapore sentiment index managed to stay in positive territory, closing 17.9 points higher for the four days to May 24. The index has been1,068 words
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Page 21 Advertisements
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Advertisement216 2002-05-29 21 Where to wine, dine and entertain... BSHI A World of Exclusive Privileges Treats S IKfIHHB WWWUliners.COm.Sg J*W Mkmatwnar Dire cT fy fro m pnilip p i n e s 1 Porfofmonce nightly from 7pm onwards, except Sunday Special |f Fashion Show for your treat PrniiuuU Exrrtaor for reservaltor&ccl (65) *****136.216 words
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Advertisement134 2002-05-29 21 COMMEBCIAI ICS BUILDING OFFICE/SHOWROOM SPACE FOR LEASE Immediate occupation Various sizes available from 958 sq ft Attractive rentals Minutes walk to Tanjong Pagar and Raffles Place MRT Call Sole Marketing Agent CB Richard Ellis Commercial Leasing Tel: 6224 8181 Unlimited A La Carte Buffet Sample from 50 dishes Singapore's favourite134 words
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Advertisement264 2002-05-29 21 This announcement appears as a matter of record only. Tuas Power Ltd Issue of *****,000,000 in principal amount of 4.50% Fixed Rate Notes Due 2009 (Series No. 001) pursuant to the *****,000,000 Medium Term Note Programme Lead Managers Citicorp Investment Bank (Singapore) Limited Oversea-Chinese Banking Corporation Limited United Overseas Bank264 words
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Advertisement112 2002-05-29 21 CHICKEN RICE IN THE GLITZ! Chatterbox Chicken Rice's always die talk of town... Come, savour Singapore's favourite dish and other debghts anytime Enquiries: *****91 Coff»»kos»* ui n—w 111 Mandarin HJ Singapore _l m ■DUXM 333 Orchard Road. Singapore *****7. T<H: 737 4411 Fax: 831 6290 10m Anniversary Promotion FREE SUCKLING112 words
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EXECUTIVEmoney
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Article, Illustration807 2002-05-29 22 John H Christy - The US$ probably won't plunge like the Titanic, bat it's in for some choppy sailing Byi John H Christy FOR a country with lousy stock market performance going into its third year, the US sure has healthy-looking currency. The Bank of England's trade-weighted US dollarSource: C Fortes Mag - 807 words
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Article, Illustration946 2002-05-29 22 GENEVIEVE CUA - While Acadian Asset Management wouldn't expect high returns from US market in the next 5 years, Pioneer Investments' John Carey wouldn't write off US, reports """KVIIiVB CUA GENEVIEVE CUA THE US may have been the world's economic and financial powerhouse for the946 words
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Article, Illustration361 2002-05-29 22 Genevieve Cua - By Genevieve Cua WITH gold going through the roof, is it too late for you to get a piece of the action? UOB Asset Management's (UOBAM) Alfred Wong, who manages the firm's United Gold and General Fund, believes gold's recent climb is sustainable for severalSource: U - 361 words
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Page 22 Advertisements
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Advertisement16 2002-05-29 22 VI rAP^ ufjwlcaj WAXN fwycoj WVG>J (wvocrj J f^V-t J Wll J P^AVJ, W>A t. I^RA3CN16 words
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SHIPPING TIMES
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Article275 2002-05-29 23 Reuters The Baltic Dry Index (BDI) rose three points to 1,038, the Baltic Panamax Index (BPI) shed one point to 1,079, the Baltic Handymax Index (BHI) eased four points to 7,796 and the Baltic Capesize Index (BCD was up nine points to 1,166. Cape Hawk—(built 1995) 161,425 dwtReuters - 275 words
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Article255 2002-05-29 23 mx too a m CWT (Attribution 0.00 -0.01 62 Chuan Hup 0.43 -0.01 231 Cotco Hy*stm*nt ...0-23 unch 75 Freight Unti 0.06 uncti 0 GB Holdings 0.61 unch 0 Jaya Holdings 0.23 -0.01 073 Kapp*l Corp 4.22 -0.16 067 Kapp*l Marin* 0.10 -0.01 245 K«pp*Ttfe 0.99 -0.02 31255 words
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478 2002-05-29 23 Donald Urquhart - The proposals call for more stringent security risk management of ships and ports By\ Donald Urquhart [SINGAPORE] The International Maritime Organisation (IMO) has agreed on a raft of proposed measures aimed at addressing the threat of terrorist attacks on the global maritime industry.478 words
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180 2002-05-29 23 Beth Jinks - Move follows last week's conviction of 5 banker surveyors By] Beth Jinks [SINGAPORE] The bunker surveyor corruption investigation claimed a third supplier yesterday, when the Maritime and Port Authority (MPA) suspended the licences of Coastal Bunkering Services Pte Ltd. "MPA has suspended the bunkering licences of180 words
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74 2002-05-29 23 [SINGAPORE] Turkey's Maritime Affairs secretary will leave Singapore today after a three-day visit as part of the Maritime and Port Authority's (MPA) Distinguished Visitors Programme. Mustafa Korcak oversees navigational safety and marine environmental protection for Turkey. During his brief visit, he met Transport Ministry permanent secretary74 words
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176 2002-05-29 23 AFP [WEBBERS FALLS, Oklahoma] Authorities suspended recovery efforts on Monday after finding a fourth body in the murky waters of the Arkansas river, a day after a freak barge accident that caused a major highway bridge to collapse. Divers believe additional vehicles andAFP - 176 words
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Article, Illustration53 2002-05-29 23 [PENGHU, Taiwan] Buddhist monks board a Taiwan navy transportation ship on Penghu island yesterday, before departing for a traditional spirit-calling ceremony nearby. The ceremony will be conducted by the monks and the relatives of those who were killed when China Airlines flight CI 611 crashed into the seaREUTERS - 53 words
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377 2002-05-29 23 Salvors' ancestors had tried to recover cargo of Isaac Allerton which sank 146 years ago AP [KEY WEST, Florida] Two marine salvors on Monday raised a onetonne piece of ornamental marble from a sunken cargo ship their ancestors tried to salvage afterAP - 377 words
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Article, Illustration314 2002-05-29 23 Beth Jinks - Questions raised over his share dealings, pay rise By I Beth Jinks [SINGAPORE] Internal turmoil at Det Norske Veritas (DNV) has culminated in the resignation of the Norwegian classification society's controversial chief executive officer Helge Midttun. Mr Midttun said he was resigning after314 words
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240 2002-05-29 23 Beth Jinks - By] Beth Jinks {SINGAPORE] In another big step towards a humanfree waterfront, the world's first automated straddle carrier berth has opened in Brisbane and is expected to be used commercially within three months. Jointly developed by Kalmar Industries and Australia's Patrick Stevedores after the two240 words
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Article, Illustration701 2002-05-29 24 Seafarer - STRAIT TALE But there is less anxiety about compliance this time, as many think if it went alright last time it will be again By Seafarer IT was heartening to hear that th€ Maritime and Port Authority ol Singapore (MPA) expects that all theFILE PHOTO - 701 words
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Article201 2002-05-29 24 PACE GLmk to Avant x) 6tof y w B'tang Has 5 4 BSA 6 S«d 5 BSC 10 Hoegh 9 BTi H) Heung-A 3 CMACGM 3 HubUne W COSCO 3 HUAL Central Ei 4 4 Chahaya 10 "Cont 4 China Shpg 5 9 Confer 10 "*»oguH 9201 words
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Article14919 2002-05-29 28 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone Qesfn Name Name Number Number SIN Oest'n Name Name Number Number 04/06 24/04 MOL A PL CORAL Mm 45******84 TO ABIDJAN (ABJ) 2003 Cot* D'I voire 07/04 24/04 Del mas HYUNDAI HIGHNESS 337*14,919 words
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SHIPS IN PORT
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Article719 2002-05-29 33 Vessel Voy No Berth Arrival Departure *****9 28/05/6:55 28/05/17:30 8T W 2692 1602 J01 28/05/8:00 28/05/13*0 gg J02 28/05/11*0 28/05/17:30 TRIOENT FOB! *001 J14 28/05/9 45 28/05/18 00 BTMMGT6S7 my 28 JOI 28/05/11:30 28/05/23 00 SWIBERRE2KI J***** J02 28/05/10:10 28/05/2359 -WM3 J07 28/05/H00 28/05/2359 C« 3U J23 28/05/11:30719 words
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Article1928 2002-05-29 33 RECEIVING OF EXPORT FCL COMTAIMFDC Ann i n radca Booking/Balance Rstls SWp Voy No Etb/Btr Period From To From ACNK9U 134 30/20D1 U 21/800 ?8/¥>W 21/1900 a zvaoo 2i/»59 21/1900 u 2i/i?oo nnut »/ono a 21/1200 a/out nmoo 3 29/0700 29/MOO 4 a/1200 nflnt armx APl*!S wrw JO/WOO1,928 words
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Article521 2002-05-29 33 C*** WO Max 990 9 OJ 17.5 0.06 52 0.04 "T 23 Penstt T Water tesWue AsMHwrtnl— Swtwwrt No above E25 0 0 6 0 0 0 J135 380 Ave 987.2 02 M.7 0.06 29 0.02 linn 380 Max 991.3 0.6 19.0 0.09 51 0.04 M/MM521 words
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Article176 2002-05-29 33 May 31 Brunei: Anniversary of Royai Brunei Jon 1 Malaysia: Birthday of HM the Yang di-Pertuan Agong Jon 3 New Zealand: Queen's Birthday Jnn 0 South Korea: Memorial Day Jan 10 Australia: Queen's Birthday (ex cept Western Aust) Jon 12 Philippines: Independence Day Jan 15 Hong Kong: Tarn176 words
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Article826 2002-05-29 33 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges ill 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 the826 words
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AIR & LAND transport
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547 2002-05-29 34 It scraps business class, cuts in-flight services in bid to restore profitability Reuters [WELLINGTON] Air New Zealand yesterday said it was scrapping its domestic business class and reducing in-flight services to help restore the national carrier to profitability. Air NZReuters - 547 words
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Article, Illustration945 2002-05-29 34 Airlines question if planned speed will result in savings or offset ground delays Bloomberg [CHICAGO] Boeing Co's "sonic cruiser", proposed as the fastest jetliner since the Concorde, may not be fast enough, some airline executives say. Boeing promises a plane that willBloomberg; AFP FILE PHOTO - 945 words
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387 2002-05-29 34 It hopes this will help pave way for USsl6m in govt aid AFP [TOKYO] Struggling Japanese carrier Hokkaido International Airlines Co (Air Do) has approached giant rival Japan Airlines Co (JAL) to expand their tie-ups and help pave the way forAFP - 387 words
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127 2002-05-29 34 Bloomberg [TOKYO] All Nippon Airways Co's plans to raise domestic sales by 3.8 per cent over two years may be unrealistic because of increasing competition after its two main rivals merge, an analyst said. Asia's second-largest carrier said yesterday it plans to raiseBloomberg - 127 words
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336 2002-05-29 34 US investigators arrive in Taiwan to join in the probe AP [PENGHU, Taiwan] US investigators yesterday joined the probe into the China Airlines jet that broke up over the Taiwan Strait and killed 225 passengers and crew an accident officials sayAP - 336 words
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Article1947 2002-05-29 34 OTT fUBff ro FUBff n» 6A7358 1820 LM9T63 2350 MM uwm MB 0T6 »20 LH9766 2350 «a» wt oso Aanttrtea S023 0605 *038 2225 MHI 1TB MWB m 6*975 1025 CuMfZlMM S0M3 1850 CZ352 0610 ump tsm com am sow wo MB— SB346 BBS Hw W7«1,947 words
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Page 23 Advertisements
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Advertisement35 2002-05-29 23 China Airlines crash similar to 1996 TWA and 1998 Swissair accidents, official, Back Pg Strait Talk: New ISM Code shake-out is imminent Pg 2 Air NZ shakes up domestic service, cuts fares and jobs BackPage35 words
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Advertisement24 2002-05-29 23 facw^^ on the risef^^ x For more on the pick-up in air cargo, read our Air Freight supplement on May 30 i j r24 words
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Advertisement628 2002-05-29 24 I TO USA/CANADA ZU I EXPORT I I OTHER DESTINATIONS I 1 IMMTHK [OttAGO |«MTOt» 11 |j TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) ~1 WL ui 5,m n*s|2l*sl 14/04 lt*4 11*4 11*4 11/04 72/04 ———i ooauracA tim 04*4 I 05*4 I 21*4 25*4 24*4 vm 21*4 wr roan nt m| st?628 words
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Advertisement103 2002-05-29 24 WORLDGATE EXPRESS LINES PTE LTD 10 Street, #16-03/04, Bangkok Bank Building, S*poro *****6 Tel: *****911 Fax: 122(WT*****2863 Email: wgate« m toox2*n S ne«.com.e ß WEBSITE: httpVAivww. worldgate com. sg WEEKLY FCL LCL SERVICE TO POLLOWIMft bootq SOOTH-OSTASU SB IFAIEAST SB MM/WflßCOin UN gsg IM i-y i a in t W103 words
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Advertisement598 2002-05-29 24 serv>ces represented by Members of *te Regijlry of Members of the vSpP Accrocl,tec Shipping Agerts, Singopore Logistics Singapore Shipping Assooohon -——"m Association |g ULY UNI MAUE vissa I voy [in m Hu r. KLANG SPORE MAU Princess Lity 0502 07/06 08/06 16/06 Empress lify 0402 17/06 18/06 26/06 Princess lily598 words
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Advertisement1151 2002-05-29 25 TO EUROPE FROM EUROPE vbsr vor sw itm aim haw wv sou llvesa I vor mi m m sou uh sw arms iotw 30/05 22/06 n/ot »/ot 17/ot apistm io* 12/ww/w 10/0507/0S so/os WXSGUJnON 006W 31/05 14/06 11/06 71/06 22/06 HTUMMHBDOM 3061 11/05 13/05 15/05 09/05 01/N HYIMMIMGM6S 33m 03/061,151 words
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Advertisement1460 2002-05-29 25 MRICT CALL 10/PMail I LONGKOU coctar shlwns rn ltd sSSssT SSSf /u Ia^ /U "ISH hike mu MMg -mn-» nmmm ST SSS SB8« I W.E.F. 171H JUNE 2002 VSI/VOY Sfif *6 SHA QM IM U ill NO IS m Un «/Kff TW If* HWBSI«»a/»IIH 71/D5 02* OS/0* MB 91/«2501 jm1,460 words
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Advertisement480 2002-05-29 25 m wr Tf PCT HK aTTros me afw m ua me man m* w/s 30/s 2/4 5/4 7/4 n/t acxsaiuu oojn 15/5 »/s 31/5 MUCHONGKOWC 207 M 4/4 7/4 10/4 IV4 IV* If/4 HWMIWADMKIM HQS 27/5 5/4 4/4 15/4 imkKmims lam 112/41 iy4 14/4 i>/4 ?i/t ?yi~| pmmmm 31/s 7/4480 words
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Advertisement1106 2002-05-29 26 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. Hißipni: www hw7luf CI NO. **********0H ¥csa w_ ™5™ sou um ~im~ ant Urn mv rasa vot sou "lbT HmT ~ufT ~huT Hn~ **y HY FORTUNE 3MW 13/05 04/06 N/05 30/05 01/04 *0t SOUJTK* 0051 24/04 77/04 11/04 23/04 14/05 l ~,W >*/0i 07/0*1,106 words
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Advertisement995 2002-05-29 26 WAN HAI UNES (S) PTE LTD WIWAN HAI LINES V W HIWD ML ItfJßWni M M. «l| DfWS ML mi) 11*2714/ JWWS WWW WMbai.CMl.fa DM in ML K1) QMM nji ML 714M/***** Winu* 4I4WW 1B I &5b WB~" -htb -vtr Sir- ~Ss~ -Se ks ■wnami na jims em mm mi995 words
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Advertisement555 2002-05-29 26 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS van IrnAWltoio—o| K.aivi| coummo YCSB nut VOT fTA/TTP HA/FTP fTA/TH FTA/FTB CTA/m uuramu mmoi n*r nm 7m sn Fm ■onmcw ms jm sjw "TmT" i;jw ITW~ tun mm nut it j— i? ju> ujw ujm njw tiaa555 words
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Page 27 Advertisements
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Advertisement1145 2002-05-29 27 IVISSEI VOY KHH HKO I SIN PKI PX» DMM jIK MAN HO«MOZGAN PCI-261 28/05 29/05 01/06 02/06 09/06 10/06 12/06 14/06 WAN TEHRAN PCL-262 04/06 05/06 08/06 09/06 16/06 17/06 19/06 21/06 MV UNDAVIA PCI-263 11/06 12/06 15/06 16/06 23/06 24/06 26/06 28/06 MAN KtftMAN PCL-264 18/06 19/06 22/06 23/061,145 words
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Advertisement550 2002-05-29 27 UK CONTINENT SERVICE Loading for DIMITRA RDM/A TW/BMN/UK/NAN MARYLAKI RDM/ATW/BMN/UK/NAN Loads S»tgapore. E/W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for AFRICA JDH/AQA HANDY DfIAGON DBI/ABU/DOH/BRN/DMM/KWT TZANETIS DBI/ABU/DOH/BRN/DMM/KWT MERIDIAN NAVIGATOR DBI/ABU/DOH/BRN/DMM/KWT LOK KFIANTI DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore. E/W Malaysia. Indonesia USA SERVICE Loadngfor KONAMAR CAM/NFK/SAV/NOL PAN DYNAMIC MZL/LAX/VCW ANGARA CAM/NFK/SAV/NOL CARINA VENTURE MZL/LAX/VCW550 words
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Advertisement944 2002-05-29 27 J5558 VOT MM rw PiciSK SB 5/os 31/ os picMmn <11! PACIANDA o*9o* 01/04 O L W__ ffiSl /'w Si/S ~S& pac bmtan tis? mw not ffiw VH SH DM VESSEL VOT SM f K. woo hpmss i jamooo 01/0* 03. 04 in uamomd Tss STos INOOIirifSSJ JAMOB7 07.04 W/Ot944 words
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Advertisement117 2002-05-29 28 LM KYQWA L 1N E Tap Itowr IhA Maptl Ito—» Grand Vision 003E 03/06 12/06 19/06 20/06 Grond Vision 003E 03/06 12/06 22/06 25/06 27/06 Washington Senator 952E" 10/06 06/07 15/07 ~6/07 19/07 ~22/07 ~*****~ Washington Senator 952E" 10/06 26/06 03/07 04/07 Washington Senator ~95?F*" 10/06 ~WW 16/67~ 11/07 TIW117 words
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Advertisement87 2002-05-29 31 fr-" I KALIMANTAN 1 PIKiCT WtlKlY SIKVICE TO 1 MKAETA/PAUIIBANC/DUMAI 1 I I »n I w |KT Irwe Immui uauMi n/n jo/m u/« S7ST I ucHUMni H7R- u'/u Jfiu nfa- 1 UfltiMf W7W~-W7W—7I7W—H7W I SURAIAYA/PANJANG y**** l IVw I W IHI PHI I »V>» n/»* l*7w w7i* —I I PftAWAHG/PtKAJI87 words
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Advertisement65 2002-05-29 31 uAsrou mm 30 MAT COiOttO, ftUNBAi, KANDU 02 JUNE CHBOIAI, KAUNADA, CALCUTTA 02JUH DUBAI, DAMMAN, AMI DNAM M «AT KL TO COLOMBO, COCHM MJUM P. KHAN 6, MAURITIUS, DUtIAN PHOENIX SHIPPING IFTYILTO MomMLV VESSEL NAME VOY SPORE TMfHHAM PMOENXI I 06WB 2tV« 01/07 Accepting cargo tor Madagascar, Reunion foyrholtoi Maurittua.65 words
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Advertisement703 2002-05-29 32 ram Sin wolfo uutar TIGUKIOGt n» 04 05/04 II 13/0* ISI9/04 neastun win o/os/i* u u/o* 2173/04 nGaisuw *84N 1112/04 1120/04 7574/04 1169 KAIL 985N Ml 5/04 21 23/04 7079/04 Ivpsa VOT sm cm aw mhievb a 5T3T765 ono7S im/04 1168 SUN 4HOII 07-02/04 OS 10/04 If 70/04 OAUAN 405703 words
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Page 33 Miscellaneous
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Miscellaneous137 2002-05-29 33 'X 1 AH FOR 7AM 2Q MAY 9009 BBBg /6m 2&_ LEGEND: Issued by Meteorological Service Singapore R Thunderstorm Showers a n Temperature C n Wind direction and speed in knots Cloudy Day Wea,her U x Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or137 words
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