The Business Times, 30 May 2002

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    16 1 THE BUSINESS TIMES MITA (P) 010/03/2002 85C SINGAPORE Internet: http://business-times.asia 1 com.sg THURSDAY. MAY 30, 2002
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  • Article
    Lock icon MARKET SUMMARY
    75 1 □m ÜBM3 (-24.21) n ST HDEX FTmiBES mm MBLOO (-81.00) riamsnnnnEs mM mj» (-0.40) nocEHiim names Wednesday Change KLSE COMP 783.14 +1.84 NIKKEI 225 *****.0 -83.08 HANO SENG _11,430.66 -150.92 SET rNDEX 409.11 +6.07 JAKARTA COMP _S20.69 +7.11 MANILA OOMP -1JB3.42 -1.70 TAIPEI WP1 5,***** -46J0 SEOUL COMP
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  • Article
    Lock icon FINANCE
    68 1 FOKSZ KATES US9 S$ USS (S$ per USS) 1.793 £(US&/S$ per 1.469 2.617 EURO(US$/SS/E). 0.927 1663 DM 1216 1.236 YEN 124.6 69*0 RM Ji#W 2.119 HKS 7.799 4.349 BAHT 4154 23.72 RUPIAH 8330 4524 FUME BATES SINGAPORE* 526 KUALA LUMPUR 8.40 HONG KONG 6125 JAKARTA 39.00 TAIPEI 6.726 TOKYO
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  • Article
    Lock icon Fresh funding by small IPO firms raises concern
    832 1  -  8 small caps tap total of $150 m within 2 years of their floats By Chua Hui Min [SINGAPORE] A seemingly new approach to funding among some newly listed companies is raising the possibility that the earnings of their existing shareholders may
    832 words
  • Article
    Lock icon MAS loss doubles to RM836m
    438 1  -  Airline blames disrupted operations after Sept 11, bnt 'haemorrhage' stemmed From Eddie Toh in Kuala Lummir THE Malaysian government, which bought a RMI.B billion (SsBso million) stake in Malaysian Airline System (MAS) from magnate Tajudin Ramli two years ago, will have to wait a little
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  • Article, Illustration
    Lock icon Wisma securitisation deal ups ante for CapitaLand's SPT
    867 1  -  ssm Ergo and partners could end np owning Wisma Atria mall By Kalpana Rashiwala {SINGAPORE] The $451 million successful securitisation of Wisma Atria which could see German insurance giant Ergo and its partners eventually taking over the prime shopping mall is set
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      81 1 DflSXDE Top Storlos S'pore firms moving faster into China MmxtPg m mmm 9 Chinese high-tech incubation centre to be set up in S'pore. Mmxt Pg Tajudin's grip on NaJuri remains uncertain. Mmxt Pg Cerebos' 1st half earnings down 45%. Pg 3 Japan stimulus package ready by June 20. Pg 14
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      2 1 Page 7
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      151 1 Avaya kicking into top gear at WORLD fife* r* CUP BizlT, Pg 20 J LAJ.C Heir to a proud watchmaking tradition LUC Sport. Self-winding chronometer, double spring barrel LU.C "Twin". steel case, water-resistant to 100 m V \m :'■>- Potl vx 5 V -> T .•*•***s »S w ':>? >>.
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    • Article, Illustration
      Lock icon S'pore firms moving faster into China
      654 2  -  Besides Shanghai, western and northern regions also stir interest By Loh Hui Yin [SINGAPORE] The wave of Singapore investments in China is turning into a rush, with businessmen having promised to invest almost US$B5O million in the first quarter of this year, double that
      Source: IE Singapore  -  654 words
    • Article, Illustration
      Lock icon Chinese high-tech incubation centre to be set up in S'pore
      362 2  -  By Serena Ng [SINGAPORE] China's first overseas incubation centre will be set 14) in Singapore this year for Chinese hightech enterprises that want to internationalise and commercialise their technologies. The Economic Development Board (EDB) yesterday signed a memorandum of understanding
      ARTHUR LEE  -  362 words
    • ON THE grapevine
      • Article
        Lock icon Powerpuff date
        134 2 WONDERING how to keep the kids occupied during the school holidays? Well, if they're crazy about The Powerpuff Girls, check out the DownTown East resort at Pasir Ris, which will be transformed into Townsville, the toon hometown of the Powerpuff Girls. From June 1 to 23, Downtown East's
        134 words
      • Article
        Lock icon 'Morbid' pay cut
        69 2 ON Monday, the Hong Kong executive council said it had endorsed a proposal to cut civil service pay by up to 4.4 per cent from October. But why 4.4? The number four in Cantonese spoken by 99 per cent of the people in Hong Kong sounds like
        69 words
    • Article
      Lock icon S'pore, Chile, NZ working on 3-way FTA
      542 2  -  Aim is to boost S-E Asia-Latin America link: BG Yeo By Chuang Peck Ming [SINGAPORE] Singapore is working with Chile and New Zealand to kick off a trilateral free trade agreement that will link three continents. "Such an initiative will be of great
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    • Article
      Lock icon Tajudin's grip on Naluri remains uncertain
      497 2  -  New major owner YE is not controlled by his brother From Eddie Toh in Kuala Lumpur THE fate of besieged Malaysian tycoon Tajudin Ramli in Naluri Berhad is still unclear following the forced sale of his controlling stake in the cash-rich company earlier this
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      40 2 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 School of Law ho hm n««d sic uuMng e-*■ tp wiihe wr n
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      9 2 Making SPporc Asian hub of business, arts, Pg 7
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Cerebos' earnings fall 45% to $16.7m in first half
      615 3  -  Company cites lower contributions from Taiwan, HE ops; China losses By Ven Sreenivasan MARGIN squeeze in key Taiwan and Hong Kong markets, losses in its China operations and investments to help its health supplement products take off dragged Cerebos Pacific's first-half
      CHRIS LOH  -  615 words
    • Article
      Lock icon SingTel's new cable project seen as low risk
      414 3 Low Indon, Thai costs, lack of overcapacity cited Dow Jones Newswires DESPITE global overcapacity and falling prices in the undersea cable business, Singapore Telecommunications Ltd's involvement in a new Asian cable project will be relatively low risk, according to communications researchers Tele
      Dow Jones Newswires  -  414 words
    • Article, Illustration
      Lock icon TPV to raise HK$380m from placement: reports
      379 4  -  Monitor firm seen placing out 130 m shares at &5% discount By Serena Ng HONG Kong-based monitor maker TPV Technology will be placing out a sizable 130 million shares at HK52.92 each to raise some HK5379.6 million (5187.3 million), a move which probably
      Source: Reuters  -  379 words
    • Article, Illustration
      Lock icon Star Cruises to place out 212m new shares
      280 4 Dow Jones Newswires SINGAPORE and Hong Kong-listed Star Cruises Ltd will place up to 212 million new shares at HK$3.3O each, broking sources said yesterday. If fully subscribed, the issue would raise gross proceeds of HK5699.6 million (*****.8 million). The Malaysia-based company,
      Dow Jones Newswires; FILE PHOTO  -  280 words
    • COMPANY Briefs
      • Article
        Lock icon Manila Jockey in talks with Keppel
        94 4 Bloomberg MANILA Jockey Club Inc. out of two publicly traded Philippine horse track operators, said it's In talks with Robinsons Land Corp and Singapore's Keppel Corp Ltd to buOd apartments at Its racing facility. The Arm plans to close and redevelop the 16-hectare San
        Bloomberg  -  94 words
      • Article
        Lock icon Morgan upgrades ST Engineering
        86 4 Reuters MORGAN Stanley said yesterday it upgraded ST Engineering to overweight from equal weight due to the defence contractor's attractive valuation and aerospace growth prospects. The brokerage also set a price target of $2.53 for the stock, based on 19 times forward price- to-earnings. The 4.9
        Reuters  -  86 words
      • Article
        Lock icon Chevalier's net profit up 11%
        90 4 Reuters CHEVALIER Singapore said net profit was up 11 per cent to 96.45 million for the year to March 31,2002. Earnings per share grew to 5.74 cents from 5.17 cents. Turnover dipped to $30.42 million from $35.99 million. Final dividend was 5 per cent compared
        Reuters  -  90 words
      • Article
        Lock icon SIA Engg in deal with sister firm
        72 4 Reuters SIA Engineering Co said yesterday it signed a technical support services agreement with sister company Singapore Aircraft Leasing Enterprise (SALE). Both companies are units of Singapore Airlines. Under the agreement, SIA Engineering will maintain SALE-owned aircraft undergoing transition from one lessee to
        Reuters  -  72 words
      • Article
        Lock icon $8.95m net loss for Giken Sakata
        98 4 Reuters GIKEN Sakata has fallen into the red for the year to March 31,2002, swinging to a net loss of $5.95 million from a net profit of $2.80 million previously. Loss per share was 9.95 cents from earnings per share of 4.68 cents a
        Reuters  -  98 words
    • Article
      Lock icon Tan Chong plans to beef up range in bigger car segment
      231 4 Bloomberg LISTED Tan Chong International Ltd, Singapore's No 1 car distributor, wants to focus on bigger Nissan Motor Co cars because its main Sunny model faces price competition and the number of car-ownership permits is falling. "We're beefing up
      Bloomberg  -  231 words
    • Article
      Lock icon Thai cineplex group proves an IPO hit
      849 4  -  hock IBWBEM harish mehta THAILAND'S first movie theatre operator to go public, Major Cineplex Group, dazzled on its debut in midMay. It also quickly became clear that this was no flash in the pan. The listing not only buoyed the depressed Thai bourse,
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      53 3 Are you starting a new business or $&kiILA buying into a business Ififc in Australia? FREE SMtfNAR K fa* pb«iO*rt l«fL«a Ae M«wta| topics. tUawhAmidh S«fc» SaMdajr, 1 Jun* 2002 M§MIH leiw *9JO(m Aap fcr»oi*r iorateatpUoModl: •V" 1 1. 1 1 165) 6222 0770 or Emai le—mt tn <»l|»|hr«iid M
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      69 3 Turn your back on time lilh has unique identity. Especially when we add the final touch. By engraving your initials on its pivoting case, we invite you to turn your back on time as elegantly as you face it. Enjoy the gesture. JL <Jaeger-leCouixre> For your free copy of The
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      1131 4 I POKKA POKKA CORPORATION (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at No. 39 Quality Road, Singapore *****0 on 21 June 2002 at 10.30 a.m. (or as soon thereafter
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      227 4 IN THC MATTER OF THC COMPANIES ACT. CAP. 50 AND IN THE MATTES Of RHONE-POUIENC RORER SINGAPORE PTE ITD (In Voluntary liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(I) of the Companies Act. Cap. 50. that o Final General Mealing of the obovenomed Company wj be hold at 300
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      103 5 astamoney I Awards V lite 2002 I f;*i* i Best Domestic I H I S!>v V Polls Awards V I 2- w 2002 *r I Best Domestic I Bond House I y asiamoney I V PoZ/s cfe Awards V I ':'v^?|§B V 2002 J5 I w. ;*^ajaaßEiaraMwat I Best Domestic
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      314 6 OTHER SINGAPORE INDICES May 29 VALUE CLOSE ■TOMS 599.00 -183.00 ■[CADI -*****.00 -1920O WlNfW -*****.00 -60.00 MuSSCfiMM 445.13 -6.33 SG EqaMes Etect 148.00 -3.55 Wfj*ln Fh _^17.66 SG Eqaftfos Prop 425.63 -5.43 maSinsapor* 211J.7 -3.24 SMSCtFrtam 210.60 -4.40 Stocks Volume Asiamedc 5c 25,010,OCX) UniFood HK25c 15.100.000 ThaVillage 5c 9,717,000 ST
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    • Article, Illustration
      Lock icon Readings mixed for Total Automation
      261 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan MAINBOARD-LISTED instrumentation and automation speciaUst Total Automation seems to be attracting the attention of some analysts. A handful of local research houses have initiated coverage of the stock in recent weeks. But the stock which was promoted to the
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    • Article, Illustration
      Lock icon Watch the golf ball bounce for now?
      819 6  -  STOCKS r. sivanithy WHEN discussing the direction of stock prices, the "wall of worry" theory is often cited to argue a bullish case. It has its roots in reverse psychology and is grounded in a need to take as optimistic a view of
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    • Article, Illustration
      Lock icon Gold, A$, NZ$ and euro hit new highs on weak US data
      599 6  -  CURRENCIES Rnpiah leads Asian unit gains with a new 20-month high of 8320, larry wee FOR the second day in a row, the US dollar was forced down to new 2002 lows against recent favourites like gold, the
      Source: Reuters  -  599 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2732 6 UNIT TRUSTS FUNDS GbSetect Asia Tilt Balanced 1 2* CitiSelect Asia Tilt Growth 124/ CitiSelect Asia THt Enh Grth 116/ AM Amro Asset Mgt (S pore) CitiSelect Global Growth t ov Star Europe Eqty!» 0.767/ CitiSelect Global Income 112/ Star Europe Bd 0.981/ °ti Global Healthcare Fund 0.9V Star Europe
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  • SINGAPORE news
    • Article
      Lock icon Caution over April recovery
      239 7  -  P=l7=J on the economy manufacturing By Anna Teo SINGAPORE'S electronic and overall industrial output may not be able to sustain its April pace of recovery in May, says IDEAglobal in a report released yesterday. Last month's "spectacular" 8.1 per cent jump in industrial output the strongest
      239 words
    • Article
      Lock icon S'pore office to spearhead ESI International's expansion
      188 7 ESI International, the management training arm of the International Institute for Research (IIR), the world's largest conference and exhibition company, said yesterday its new Singapore office will spearhead its drive into the region. ESl's new Asian office, which win operate alongside its lIR
      188 words
    • Article, Illustration
      Lock icon Let's hear it from the Village people
      544 7 ARTS FEST2OO2 Roots. Artists the world over are big on that whether they perform traditional folksy stuff or contemporary works. The Arts Festival this year features some artists whose fame is built on their roots music groups like Cubanismo and the Chieftains come
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    • Article
      Lock icon BT takes apart the events with ratings guide
      307 7 JUNE is the cruellest month, not April. It's here again, the most merciless evaluation of offerings at this year's arts fest the annual BT ratings guide. Whipping out the scorecards and arming themselves with brutal honesty, our 11 guest reviewers brace themselves
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    • Article
      Lock icon S'pore can be arts, business hub: Tharman
      362 7  -  Network globally and be willing to innovate, Tharman tells students By Adeline Chia AN INTERPLAY of several factors can help Singapore become the hub for business, talent, and the arts in Asia, while disadvantages must not be seen as limitations, but something to
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    • Article
      Lock icon Lower road tax to yield 18-40% savings
      367 7  -  By David Boey MOTOR vehicle owners can enjoy savings of between 18 per cent and 40 per cent once lower road taxes kick in from Sept 1 this year. In the meantime, their road taxes will be pro-rated "with immediate effect", the Land
      367 words
    • Article, Illustration
      Lock icon Critical for S'pore to build FTA with Europe
      315 7  -  French can help to champion trade pact: Balakrishnan By. Aaron Low IT is critical to build the Free Trade Agreement (FTA) bridge with Europe, and the French business community can play an important role in championing the EU-Singapore FTA, said Minister of
      ARTHUR LEE  -  315 words
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      211 7 Remisiers Retail Dealers Key Responsibilities: Develop and nurture excellent client relstlons for equity other financial investments Provide clients with technical views for their to, '««eeted eendldetee may alto send their totalled Build and monitor clients Investment portfolios for nmmt indicating current and expected aalarles by end marfcet the n n
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon When Becks becomes an 'intangible'
      825 8  -  THEBBB ■3HBiiIEuEi OPINION john miller The writer is head of Singapore New Market Development (Asean) at the Association of Chartered Certified Accountants (ACCA) FOOTBALL is big business. This year's World Cup will probably be one of the largest sporting spectacles ever seen. In the UK,
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    • Article
      Lock icon IN OTHER WORDS
      46 8 I've been buying stock since I was 11. Maybe when I was 11 or 12,1 paid attention to Wall Street research, but not since.' Warren Buffett the billionaire investor, at a gathering for the annual meeting of his company, Berkshire Hathaway, on analysts.
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    • Article
      Lock icon Adjusting to a weaker greenback
      629 8 EDITORIAL OVER the past three months or so, it has become increasingly evident that the tide in the foreign exchange markets has turned, or is turning, against the US dollar. How sustained might this change of mood be, and what are its likely effects, especially
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    • Article, Illustration
      Lock icon The superdollar: global saviour or millstone?
      874 8  -  No economic theory can consistently explain the US dollar's behaviour, because the world's desire for dollars is constantly shifting By Robert J Samuelson The Washington Post Writers Group CALL it the superdollar. On foreign exchange markets, the dollar has reigned supreme for years. It
      The Washington Post Writers Group; REUTERS  -  874 words
    • Article
      Lock icon SGX: Our clearing fees competitive
      644 8  -  MAiLirrrrn Raymond Chow Vice-President Head of Corporate Communications Singapore Exchange WE refer to the letter "SGX could do with some competition" (BT, May 23) by N Grandhi in which he referred to the clearing fees charged by SGX compared to other markets. Mr Grandhi said
      644 words
    • Article
      Lock icon Temps hired by agencies need a health plan too
      198 8  -  Jovita Joosa Singapore I REFER to the article "Portable medical benefits good for older workers: MOM" (BT, May 29) by Siow Li Sen. The ministry should also take into consideration the welfare of temporary employees and come up with some kind
      198 words
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      69 8 We welcome letters. E-mail us at btMtortsph.com.sg or tax us at 6319-8277, or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore3lB994. We need your full name, address and telephone number, so we can verify It came from you. Please use temperate language, and
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  • EXECUTIVE suite
    • Article, Illustration
      Lock icon Ascott profits from sale of UK venture
      324 9  -  York Road sale nets it $11.6 million in profit By Vince Chong SERVICED residence provider Ascott said it has made net profits of $11.6 million from the sale of UK joint venture firm York Road Ltd, which owns a freehold property on York
      FILE PHOTO  -  324 words
    • Article
      Lock icon New homes for sale
      596 9 DEVELOPER/ OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE L'MilM'.l'FT.B (8qft) LAUNCHED UNfTS SOLD (Jpsf) On——Allgreen Properties 3 C'wealth Ave/Stirling Rd 914-2,723 722 711 500 99^T Blue Horizon FEO 5 West Coast Crescent 904-1,227 503 319 550 99-yr Robertson 100 MCLLand 9 Martin Rd
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    • Article
      Lock icon No takers for Siglap nursing home at DTZ auction
      421 9  -  oNuranBrai By Andrea Tan FORMER lawyer Loo Choon Beng's Windsor Nursing Home found no takers at DTZ Debenham Tie Leung's auction yesterday. The liquidator's sale of the threestorey building at Jalan Ulu Siglap was expected to fetch about $4.5-$5 million. The
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      194 9 Where to wine, dine and entertain... by: ESSiSBEj A World of Exclusive I BBUHK3 www.diners.com.sg hiermMianaT I Indulge in the best of two culinary worlds as we bring you the best of international cuisine. Highlights include Pepper Crabs and Roti Prata from Singapore. Sashimi and Californian Hand Rolls from Japan.
      194 words
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      95 9 Thai Flavours from the South 3 -19 June 2002 Make a date with native chefs from Krabi. An exciting culinary journey to the southern province on Thailand's Andaman seaboard awaits you with their hometown specials! Buffet Lunch (Mon Fri) Buffet Dinner (Mon Sun) $24.H0 per adult $32.80 per adult $12
      95 words
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      64 9 "Fantastic value! i can enjoy salads, ice cream, local desserts Ukt ice kacang <wd tau suan plus fresh fruit for only (jH'i" On ordw of any local or i3|>mJgJ m wwstorndaUgM from $4.90. *AII prims*" \n>C£ 401 M«l'k,r» n RomL. Singapore 3661 25 jfff/' T«J: 6343 OOM Fu: 6343 0033
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      Lock icon Page 9 Advertisements Column 4
      69 9 ~gr~ H. Tin Straits Tlnwsy CtasslfM wtwrt vtrtuaKy mry I whfcftt Is tyouf fTL/ the town Discovery Pub! HRr A Itr of !Paul a n e r Brauhaus goes for only on Saturdays Sundays from spm It's also Happy ■i Hours from 3 to Bpm on weekdays and whole day
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      Lock icon Page 9 Advertisements Column 5
      107 9 e Hi For Sale Land Atm t 129,867 sq.ft. Total floor aroa 332,682 sq.ft. Torture Lease expiring In 2033 Description of Property: Two inter-linked buildings Building 1:175,334 sq.ft. Building 2:157,348 sq.ft. i i VKSLIJ ranq mahal Buffet Lunch. Noon to 2.30pm Dinner 6.30pm to 10.30pm (Closed for lunch on Saturdays)
      107 words
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  • REGIONAL news
    • Article
      Lock icon CyberWorks chief to give 5.8m shares to COO over 3 years
      145 10 HONGKONG Bloomberg PACIFIC Century CyberWorks chairman Richard Li will transfer 5.8 million shares he owns in Hong Kong's biggest phone company to chief operating officer Michael Butcher. Mr Butcher, a former Lucent Technology Inc executive hired last month, will
      Bloomberg  -  145 words
    • Article
      Lock icon Five firms bid for Malaysia's three 3G mobile licences
      398 10 KUALA LUMPUR Di6i.Com polls out; Telekom, TRI, Time Dot Com and a mystery firm among bidders Reuters FIVE groups have bid for three third-generation (3G) mobile phone licences in Malaysia yesterday, including one mystery company but excluding existing cellular provider DiGi.Com
      Reuters  -  398 words
    • Article
      Lock icon UEM ex-shareholders in for Plus IPO surprise
      363 10 KUALA LUMPUR They'll be offered 1 Plus for 4 UEM shares held: report PREVIOUS shareholders of United Engineers (M) Bhd (UEM) and some users of Projek Lebuhraya Utara Selatan Bhd (Plus) expressways are in for a pleasant surprise. The Star reported yesterday. For
      363 words
    • NOTE Book
      • Article
        Lock icon Proton Q4 profit rises to RM361m
        77 10 Bloomberg [KUALA LUMPUR] Perusahaan Otomobil Nasional Bhd said its profit in the fourth quarter almost doubled due to higher sales. Proton said profit in the three months ended March 31 rose to RM36I million (*****.3 million), or 8 sen a share, from RM196.4 million,
        Bloomberg  -  77 words
      • Article
        Lock icon Tin prices seen rising this year
        56 10 Bernama [PENANG] World tin prices are expected to go up this year, said Malaysian Smelting Corporation Berhad (MSC) chief executive officer Mohd Ajib Anuar yesterday. This was expected as a result of the 30 per cent reduction in tin output from China, the world's
        Bernama  -  56 words
      • Article
        Lock icon No need for more stimulus: Somkid
        52 10 Reuters [BANGKOK] Thai Finance Minister Somkid Jatusripitak said yesterday the Thai economic recovery was on the right track and it did not need any additional stimulus measures. "The next thing is simply trying to keep it running by keeping our policy focussed," he told
        Reuters  -  52 words
      • Article
        Lock icon Country View shares rise on debut
        55 10 Bernama [KUALA LUMPUR] Johor-based property developer Country View Bhd, which made its debut on the main board of the KLSE, saw its stock opening at a premium of five sen at RM1.25. Its shares were traded actively throughout the day and closed higher by
        Bernama  -  55 words
    • Article
      Lock icon Hiccup in Indonesia's Bank Niaga sale
      506 12  -  Ibra chief unwilling to proceed as bids are far below share price: sources From Shoeb Kagda m Jakarta THE sale of Indonesia's Bank Niaga appeared to be in trouble yesterday as State Enterprises Minister Laksamana Sukardi told reporters the sale was cancelled only to
      506 words
    • Article
      Lock icon Cash incentive for new airlines to fly to KLIA: Ling
      362 12 He says aim is to help carriers to promote their flights Ber nama [KUALA LUMPUR] THE Malaysian government will offer a cash incentive, known as a "launching grant", to attract new airlines to fly to KL International Airport (KLIA), said
      Ber nama  -  362 words
    • Article, Illustration
      Lock icon HK property market under siege
      487 12 Reuters [HONG KONG] A seismic shift in Hong Kong's demographic composition has rocked the foundations of demand growth and profit projections for the territory's major property developers, analysts said yesterday. "You don't hear a lot of discussion about demographics in Hong Kong, but this is
      Reuters; AFP FILE PHOTO  -  487 words
    • Article
      Lock icon No sale of China Air shares for now
      424 13 GAL CRASH China Aviation says it won't sell at current prices; 72% stake worth NTs22.4b now Bloomberg [TAIPEI] China Airlines' largest shareholder said it won't sell shares in Taiwan's No 1 airline at current prices after Saturday's plane crash prompted the stock
      Bloomberg  -  424 words
    • ASIA Notes
      • Article
        Lock icon MoDonald's selling HK$600m bonds
        75 13 Bloomberg [HONG KONG] McDonald's Corp was due to sell HK$6OO million (Ssl3B million) of bonds in Hong Kong yesterday, the first time it has offered local currency bonds in a city where it has sold burgers in since 1975. The five-year bonds are being offered at
        Bloomberg  -  75 words
      • Article
        Lock icon HK people prefer Shenzhen shopping
        72 13 AFP [HONG KONG] Many low-income earners in Hong Kong preferred to do their shopping in neighbouring Shenzhen on the Chinese mainland because they were treated with warmer hospitality, a survey showed yesterday. The survey by the Chinese University showed that 43 per cent of 1,004
        AFP  -  72 words
      • Article
        Lock icon China firms win anti-dumping case
        68 13 Reuters [SHANGHAI] Maanshan Iron and Steel and another steel firm have become the first Chinese companies to win anti-dumping cases in the US, their lawyers said yesterday. After a year-long probe, the US Department of Commerce determined major Chinese steel beam maker Maanshan and WeiFang
        Reuters  -  68 words
      • Article
        Lock icon 500m China phone users by 2005
        48 13 Reuters [SHANGHAI] China expects to have 500 million fixed-line and cellular phone users by the end 0f2005, representing a 40 per cent penetration rate, Ministry of Information Industry chief Wu Jichuan told an Asia Pacific Economic Cooperation telecom ministers meeting yesterday. Reuters
        Reuters  -  48 words
    • Article, Illustration
      Lock icon India, Pakistan stocks rise as war fears ebb
      439 13 MUMBAI Calm response to Musharraf's speech cheers investors Bloomberg BOTH Indian and Pakistani stocks rose as border tension receded after comments by the Indian foreign minister fuelled expectations India was less likely to go to war against Pakistan. In India, the Mumbai
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    • Article
      Lock icon Shares of scandal-hit China firm suspended
      234 13 SHANGHAI Reuters SCANDAL-HIT China biomedical firm Guangxia (Yinchuan) Industry said trade in its shares was suspended indefinitely yesterday because it failed to abide by a regulatory order to re-compile its results. Guangxia, which regulators said fabricated profits of 771.57 million renminbi (*****.3 million) from
      Reuters  -  234 words
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      815 10 I 3ipc I VV KYODO-ALLIED INDUSTRIES LTD (Incorporated in the Republic of Singapore on 2 August 1964) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of the Company will be held at 17 Kian Teck Road, Singapore *****1 on 14 June
      815 words
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      477 10 AMARA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that at the conclusion of the Annual General Meeting held on 29 May 2002 shareholders have approved the first and final dividend of 0.4 cents (2%) per share less 22% Singapore income tax in respect of the
      477 words
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      161 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MYBIZ SINGAPORE PTE LTD (In Creditors' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company which is being voluntarily wound-up. are required on or before 29 June 2002 to send their names
      161 words
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      1084 10 If II J II I National Bank of Kuwait' I (Incorporated in Kuwait with limited liability) uilMyl fl I Head Office: Abdullah Al-Ahmad Street Sharq, P.O. Box 95, Kuwait Safat ***** NBK JI nII I Consolidated Balance Sheet Consolidated Statement of Income I As at 31 December 2001 for the
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      79 11 This announcement appears as a matter of record only. f^ ay 2002 Freddie Mac We Open Doors® Freddie Mac SGD3OO million 5 Year Fixed Rate Notes Due 20 June 2007 Issued at Par to Yield 3.22% First Bond Issued by Freddie Mac in SGD Joint Lead Managers and Joint Bookrunners
      79 words
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  • Article, Illustration
    Lock icon FINANCE
    1203 12 Transaction date: May 29 niTERBAMK CROSS RATES C$ «■> E«r» Ffr Ow WC$ Ind Ks tapiafc 1m Una Ml g$HH, Hu> S$ tmt Sft «7S 8afct Pwd IKS AusMia 0 862 4.667 0.606 4.181 1247 4187 ***** 49.664 0.701 6.904 2.137 1178 33.826 ***** t.009 S.SS2 0.887 ***** 23.927
    1,203 words
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      856 12 0 Hana Bank Head Office: Hana Bank Building 101-1 Euljiro 1-Ka, Chung-Gu, Seoul 100-191, Korea Http://www.hanabank.com Singapore Branch: 8 Cross Street, #23-06 PWC Building Singapore *****4 Tel: (65) 6438 4100 Fax: (65) 6438 4200 Telex No.: RS ***** HABS Swift: HNBNSCSC CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF INCOME December 31,
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      133 13 Cathay, EVA Air set to gain in HK-Taiwanpact, Shipping Times Pg 7 I For over 20 years, out qualified professionals have been assisting clients to venture offshore with confidence by providing consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands
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      873 13 Australia and New Zealand Banking Group Limited A. B.N. ***** 357 522 Financial Statements for ANZ Banking Group Limited and its controlled entities for the year ended 30 September, 2001 2 NSOLID4 comp»N, *>01 2000 2001 2000 200- >wvw% SBS Sfi". JSS A net i Liquid assets 7,794 5,648 5
      873 words
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  • WORLD news
    • Article, Illustration
      Lock icon Japan stimulus package ready by June 20: minister
      421 14  -  Industrial output in April grows just 0.2%, raising fears over recovery From, Anthony Rowley in Tokyo AMID signs that Japan's economic recovery may be slowing or even stalling, Finance Minister Masajuro Shiokawa promised yesterday that the government would try to come up
      421 words
    • Article
      Lock icon Nasdaq moving HQ to Times Square
      208 14 NEW YORK Bloomberg THE Nasdaq Stock Market will move before the end of the year to a new headquarters in New York's Times Square, leaving offices next to the site of the World Trade Center. The second-biggest US stock exchange signed a long-term lease
      Bloomberg  -  208 words
    • Article
      Lock icon Global Crossing's new plan to stay afloat
      251 14 I LOS ANGELES LAT-WP BUOYED by its improved financial performance, Global Crossing Ltd said on Tuesday it is proposing a bankruptcy reorganisation plan that may revive the company without it having to be sold. The announcement came just days after two key bidders
      LAT-WP  -  251 words
    • Article
      Lock icon Deloitte said to face probe over Adelphia
      534 15 NEW YORK It may also face wave of lawsuits by shareholders hit by Adelphia debacle NYT Reuters THE fiasco at Adelphia Communications is posing its own set of thorny problems for Deloitte Touche, the firm that audited Adelphia's books. The Securities and Exchange
      NYT; Reuters  -  534 words
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      Lock icon Halliburton under SEC investigation
      189 15 DALLAS Dow Jones Newswires HALLIBURTON Co said the Securities and Exchange Commission has launched a preliminary investigation into its accounting treatment of cost overruns on construction jobs. The energy services and construction concern said it believes the investigation stems from a New York Times article last
      Dow Jones Newswires  -  189 words
    • Article
      Lock icon Fiat shares rise after financing deal
      203 15 TURIN, Italy Bloomberg FIAT SpA shares rose as much as 3.3 per cent in early trade yesterday after Italy's largest industrial company and its three main creditors agreed on a three billion euro (Sss billion) financing plan. Intesaßci SpA, Sanpaolo IMI SpA and Banca
      Bloomberg  -  203 words
    • Article
      Lock icon EU official takes firm stand on stock options
      399 17 WASHINGTON Bat EU has not takon official position pending pane! report Reuters EUROPE'S top financial regulator took a firm stand in favour of treating stock options as a business expense, the focus of a prickly transatlantic debate, after meeting with his US
      Reuters  -  399 words
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      Lock icon Gold hits US$326 as US$ and stocks fall
      313 17 LONDON Indo-P&k tension also led to highest London fix since Oct 99 Reuters GOLD raced towards US$327 an ounce on yesterday as the US dollar struggled and fears of war on the India-Pakistan border increased. The precious metal was once again the
      Reuters; AFP  -  313 words
    • Article
      Lock icon Directors favour splitting CEO, chairman roles
      282 17 NEW YORK Reuters TWO-THIRDS of directors favour splitting the roles of chairman and chief executive officer as a way to reform the way US corporations operate and prevent business collapses like Enron's, a survey said on Tuesday. And more than 70 per cent of
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    • Article
      Lock icon Nissan to recall over 118,000 passenger cars
      108 17 TOKYO AFP JAPANESE car maker Nissan Motor Co Ltd will recall more than 118,000 passenger vehicles at home and overseas to erfbh&nge defective shock absorber parts, the government said yesterday. Under the plan, Nissan will recall 5,109 units of Cefiro produced between June
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    • WORLD Watch
      • Article
        Lock icon Nortel to cut 3,500 jobs
        50 17 Bloomberg [BRAMPTON, Ontario] Nortel Networks Corp, North America's second-biggest maker of telephone equipment, will cut 3,500J0bs and may sell its business that makes parts used in fibre-optic networks. Second-quarter revenue will be unchanged —down 5 per cent —compared with the first quarter's US$2.9 billion. —Bloomberg
        Bloomberg  -  50 words
      • Article
        Lock icon Man U share sale sparks bid talk
        52 17 Dow Jones Newswires [LONDON] Martin Edwards, the businessman who used to run Manchester United pic, has sold almost all of his 6.6 per cent stake in the football club, sparking speculation about a potential bid for the club, At Financial Times reports.— Daw
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      • Article
        Lock icon BOJ assets at record high
        55 17 Reuters [TOKYO] The assets of the Bank of Japan swelled to a record 138.56 trillion yen (S|2 billion) at end-March as the central bank'B strategy of flooding the market with fUnds to keep interest rates near zero resulted in a big rise in its holdings
        Reuters  -  55 words
      • Article
        Lock icon UK mobile operator mm02 cuts losses
        39 17 AFP [LONDON] British mobile telephone operator mmo2, formerly part of British Telecom, said yesterday that it had slashed its annual pre-tax loss to £873 million (Ss£3 billion) from £3.5 billion the previous year.—
        AFP  -  39 words
      • Article
        Lock icon Murdoch mulls Italian TV options
        92 17 Dow Jones Newswires [NEW YORK] News Corp chairman Rupert Murdoch mulls a plan that could see him emerge as the dominant pay-TV operator in Italy, The Financial Times said on its website on Tuesday. The unsourced report said he is considering three options: To sue
        Dow Jones Newswires  -  92 words
  • Article
    Lock icon COMMODITIES
    1517 14 8I00M ruTwB May 29 5Sf?eJS5iI» (n,,ll, rtC i) ctaat Mw Obm U. Srtt fl—) JS J"« 04.75 MK 134.00 f5« 134.00 S*«2 135.00 u. M a jb SS 7us na n§ m *M« 7115 7425 75.75 t50 1900 StpK 75.75 7425 75.75 350 2500 TH20M««Mtf VotaM OpM SHfiL. *>
    1,517 words
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      791 14 M&i## Chiao Tung Bank Co., Ltd. (Development Bank incorporated in Taipei, Taiwan R.0.C.) board of directors ch-,rm-n ch^ 0 NTS in USSin Managing Directors Mr Ling-San Un ASSETS Thousands Thousands Mr. Leon L Shan Cash and du« from banks 58,413,342 1,668,619 Mr Kuo-Hsaung Chuang Sacuritias and investments Ven-Shiang Shih (Net
      791 words
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  • Article
    Lock icon STOCKS ASIA
    4262 15 Transaction date: May 29 for more, go to iim/Wjasiaonenrnarkets/xmi HONGKONG JJO 0.05 JW mterchina Hldgi —jo. 95 unch 124* T— IntlBankofAsia -2.05 mh W "J* -nrX P Z- VOO 0*3 4 694 222 Xingsu Express H J03 -0.10 ***** Anojnn ii !JTJ5 Aangsu Nandasoft Co H0.66 -0.01 2111
    4,262 words
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      213 15 I Creativity W^tm I for I J EDWARD DE BONO I Business onc**™™ AND LATERAL I Success th,nking I July 11 12 SIM members: 551,339.00 H Non-members: S$ 1,545.00 10% discount will be given to companies that enrol three or more participants at the same time. Join the ranks of
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  • Article
    Lock icon KLSE
    2371 16 Transaction date: May 29 KUALA LUMPUR y 0 FS8M 2 09 -0.03 5 KM TOM) FW Industries .0.32 -0.01 5 Gadang 157 -0.03 27 AAMReatty 120 unch 3 Gamuda 6.40 0.05 765 Abric 1.78 unch 35 GanadCorp 1.00 -0.01 4 ACP Industries .330 -010 591 GaruTech 129 uncti 0
    2,371 words
  • Article
    Lock icon SGX
    765 16 i Transaction date: May 29 i 1 Omt O—» 9*a*aaaia m Dm Q—g» CMC 0» 4400 *0490 NMMSk Ui ISO -0420 CaprtaLand 141 1440 -0410 OCK Ml ***** -0200 Chart SamKond 29c 1.50 4.100 -0400 OUf 0J3 7100 ««490 C%0a»90c UI U00 -0200 NrtmayHBc 022 OM -0.090 Craatma T
    765 words
  • Article
    Lock icon BONDS & WARRANTS
    581 16 BONDS WARRANTS LM MCtm bar *Mk < 3& h«Wf Wi *m- f—MI» Ma %*m*m LaW AST1W04O621 IS -13 31 1 It 5 154 25 AcmaLtdW®4111S 1 1 SO 409 100 30 Amt«*WOS06lO 54-5 -5 171 1 33 4 154 17 Armstrong \M>***** 4 1 10 40 250 24 AoafoodP*«***** 05
    581 words
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      60 16 Sli 3SM!| 'Ski BHB T i*>» v S Vwi *'*j& »> jt,i^**l»'-> f*A V jfc&. 9f -^pifrvL |^|^^§H§HGbP!Sh9bS^fl® 1 II w MMi-'*h < 111 t: 1 *>•* v IjW><l J U KBfl 1 fH^^i II r J 1 I i r>9 x-r, tr/.'* aHBSr li^l **A* '-•■i?-J^s**W-s'* f T wBSm.
      60 words
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      97 17 The complete retail suite you once imagined. ■Hi <■ < Retailigence is designed as end to end system. Point of Sale, Back Office a anc Accounting are l||l|l|M seamlessly linked No integration required. nj" Software from different a to We understand Retailing. Singapore, Malaysia, UK Europe Indonesia Hong Kong Td
      97 words
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      801 17 CREDIT SUISSE BALANCE SHEET AT 31 DECEMBER 2001 PROFIT AND LOSS ACCOUNT 2001 J" 2001 2000 m m CHF m CHF m H wiconw "win VWrVSI PMRM CMhandoWwc liquid ■■■■to, money market paper and A<e Interest and discount income 8,820 9,098 accotc interest and dividend income from the trading portfoko
      801 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      175 17 CRYPTIC CROSSWORD 28 Where food is prepared in 29 ZUSffttfLt back", fl 5) YESTERDAYS SOLUTION he claims (7) 8 Pf "J"* was Across: 1 Greasepaint, 8 Se--30 Exclusive work of the iA conddass, 11 Ants, 12 Stir, 13 Romans in Britain (9,3) 5 0n 9 oin 9- 15 Reading, 16
      175 words
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      301 18 All over the world, PC users know the name. They also know the number. Microsoft customers can easily dial direct at any time of the day to enjoy immediate customer support. But making customer support instantly accessible to scores of users around the world isn't easy business to begin with.
      301 words
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      37 18 Lianhe Zaobao I I I I Chinese Vice-Minisfer I I (or Science and Technology I I Deng Nan I I on I I prospects for I I Sino-S'pore I I cooperation I I inbiotecnnology I I /p*,l
      37 words
  • BizIT
    • Article
      Lock icon Demand for printed circuit boards falls in the US
      378 18 Book-to-bill ratio down for third straight month in April: IPC Reuters [LOS ANGELES] The book-to-bill ratio for printed circuit boards fell to an eightmonth low in April, the third straight monthly drop and a sign of weaker demand for the electronics
      Reuters  -  378 words
    • Article
      Lock icon Mobile phone chips from MediaTek next year
      273 18 Bloomberg [HSINCHU, Taiwan] MediaTek Inc, Taiwan's secondlargest chip designer, plans to offer its first chips for mobile phones by the middle of next year as a follow-up to its success in the DVD player business in 2001. "We've been looking for our next
      Bloomberg  -  273 words
    • Article, Illustration
      Lock icon PCs getting even cheaper with cuts in chip prices
      292 18 Reuters [NEW YORK] Personal computers, which any savvy shopper can pick up on the Internet for as little a US$6OO, are about to become cheaper still, analysts said on Tuesday. Last weekend, Intel Corp slashed prices on microprocessors by as much
      Reuters; FILE PHOTO  -  292 words
    • Article
      Lock icon Sun's market share for Unix servers up
      276 18 Gains made largely at the expense of IBM: Gartner Bloomberg {SANTA CLARA, California] Sun Microsystems Inc gained four points of share in the market for servers running the Unix operating system, largely at the expense of International Business Machines Corp, a research firm
      Bloomberg  -  276 words
    • Article, Illustration
      Lock icon Time to revisit Malaysia's MSC?
      596 19  -  INFOTECH Evolving, sometimes in unexpected ways, it's worth look kenneth james The writer is BT's Technology Editor MALAYSIA'S Multimedia Super Corridor (MSC) means many things to many people. Seen from across the Causeway, the glossy public image is blurred somewhat by reports and anecdotes that
      596 words
    • Article
      Lock icon FBI system glitch could have hurt al-Qaeda probe
      279 19 Reuters [WASHINGTON] Glitches in a controversial FBI system to monitor the e-maU of suspected criminals probably hampered an investigation of al-Qaeda two years ago, according to internal FBI documents released on Tuesday. According to memos obtained by the Electronic Privacy Information Center
      Reuters  -  279 words
    • Article, Illustration
      Lock icon Avaya kicking into top gear at the World Cup
      666 20  -  BTftVMIIMWJ The company's Singapore arm will play an important role keeping communications bumming at this sports mega-event From Tang Weng Fai I in Seoul WHEN football's World Cup 2002 kicks off tomorrow, a giant computer network set up and run by
      REUTERS  -  666 words
    • Article
      Lock icon HK's I-Cable yet to meet target for 600,000 pay-TV subscribers
      123 20 Dow Jones Newswires [HONG KONG] I-Cable Communications Ltd has yet to reach its target of 600,000 pay-television subscribers in the run-up to the World Cup, the Hong Kong Economic Journal reported, citing chairman Stephen Ng. I-Cable has the exclusive rights
      Dow Jones Newswires  -  123 words
    • Article
      Lock icon T-Systems eyes 10% of convergent market
      257 20  -  By. Aaron Low T-SYSTEMS International, a division of the Deutsche Telekom group, aims to win at least 10 per cent of the Asia-Pacific market for IT and telecommunications (ICT) convergent solutions by 2005. Andy Chong, regional manager (Asia-Pacific) for T-systems, said yesterday at the
      257 words
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  • SGX MAINBOARD
  • Article
    Lock icon SGX XTRANET
    55 19 m+Tm. 12 JJL i Mn Mr firtM mm mem WM* —Hi! W- (11 L—t Wmm Utm Ok Ht >3 10B0 40 t Diamond USMOed uao WO s BOJUSTw* UMfOOcd S7S MO s IS MSG Spar* UB75 iKnmisww USNMOO) imffiOtSKMS USWMM IMS ICS! c ST1 FIT 100 MM -1$
    55 words
  • Article
    Lock icon SGX SESDAQ
    1309 19 iS I _la«Q—a Mto Mr CttM MM MCm «tta| ae u» c—eg W- fw< w u» 8w C-W %m«a M5 SI !i c 17 m n iu wi r7 bj SI 27 5 "S 5 205 JO 20 205 s 115 13 14 174 21 O m r
    1,309 words
  • Article
    Lock icon CLOB INTERNATIONAL
    287 19 J« Pgr I HQ—*. tooto Mr 6rVU MM KOa "N» Tin i| m» W- T8 M# t— t»yr Mhr Cw Wt $3 105 AVJtnninplOOA 103od -1 19 103 101 102 103 38 1.7 92 7j6 2217 IIS AVJanrangiA2ScA 102cd inch 509 102 101 102 103 40 3 4
    287 words
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  • Page 20 Advertisements
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      87 20 SHARP Get your LCD PC Monitor. From the world leader in LCD technology. LL-TISGI 15 TFT XGA (1024 x 768) m Brightness: 260 cd/m 2 Contrast ratio 350:1 3 y6arS Wa,Tanty irSt y6ar 00 featherweight ups^^t PowerSure® Assistant MIDDLEWEIGHT UPS I jfl^Hß^Mfe^j^|M| ProActive fl[ v °l ta 9 e t>
      87 words
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  • SHIPPING TIMES
    • Article
      Lock icon MARITIME STOCKS
      253 21 MX *000 w CWT Distribution 0.80 unch 10 Chuan Hup 0.43 unch 631 Cmco invastmant .0.22 -0.02 436 Frataht Links 0.06 unch 10 OB HoMirws 080 -0.02 30 Jaya Hotdings 0.22 -0.01 21«9 KappalCorp 4.10 -0.12 600 Kappal Marina 0.18 unch 91 KappaiTata 0.99 unch 69 Labroy Marina
      253 words
    • Article, Illustration
      Lock icon I'm in the dark about graft: bunker firm MD
      536 21  -  Coastal Bunkering owner says she is awaiting details of allegations By Beth Jinks [SINGAPORE] High-profile Singapore Shipping Association (SSA) councillor Lim Li-Lian says she had "absolutely no knowledge" of bribery payments allegedly made by four of her employees last year which
      536 words
    • Article
      Lock icon Terrorists may have entered US posing as stevedores
      260 21  -  By Donald Urquhart [SINGAPORE] The recent infiltration of US ports by as many as 25 suspected Islamic terrorists may have been accomplished by posing as stevedores, according to a prominent US Senator. Port security in the US is coming under intensive scrutiny
      260 words
    • Article
      Lock icon 3 nabbed after recovery of hijacked tanker
      131 21  -  By Donald Urquhart [SINGAPORE] Three men have been arrested for the March hijacking of the oil tanker Han Wei following the recovery of the ship last week at an anchorage in the Gulf of Thailand. According to a Bangkok Post report, Thai police
      131 words
    • SHIPPING news
      • Article, Illustration
        Lock icon Competition set to intensify as cruise shipyards go hungry
        661 22  -  MUWBUJLDS -By David Hughes AS this week's new orders list indicates, the newbuilding sector remains subdued although there have been some interesting developments in the product carrier trades. Since the Sept 11 terror attacks, there have no significant cruise ship orders
        661 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      125 22 PAGE FoongSun 5 BSA 6 Fujitrans 6 B'tang Mas 6 Gemartrans 4 CMACGM 3 COSCO 3 Columbus 5 Heung-A 3 Central Ex 4 HHSl 5 China Shpg 5 K*n Hung 5 Cougar S Kyowa 6 9 CWTGtobetmk 6 KMTC 3 Delmas 4 Liner 4 Donqnama 3 l»hr
      125 words
    • Article
      Lock icon GLOBAL HOLIDAYS
      178 26 Kay 31 Brunei: Anniversary of Roya Brunei Jul Malaysia: Birthday of HM Yanj di-Pertuan Agong Jon 3 New Zealand: Queen's Birthday Jon 6 South Korea: Memorial Day Jun 10 Australia: Queen's Birthday (ex cept Western Aust) Jim 12 Philippines: Independence Day Jun IS Hong Kong: Tuen Ng Festival
      178 words
    • Article
      Lock icon COCKETT BUNKER MARKET REPORT
      845 26 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 hased on average sized stem Market movements are indicated The Cockett Bunker Price Index change and
      845 words
    • Article
      Lock icon VERITAS BUNKER QUALITY REPORT
      515 26 Cmtm »0 Mai 990.9 01 17.5 0.06 52 0.04 T 23 OnwitT Water >wjMw AtMlwwIalwi SHIwmt No <bo«* E2S 0 0 6 0 0 0 %H/H 380 Ave 9672 01 M.7 0.06 29 0.02 ban 380 Mai 991 j 0.6 19.0 0 09 51 0 04
      515 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Qantas adds more flights on S'pore, Europe routes
        261 27 It seeks to step np capacity as demand slowly returns Dow Jones Newswires [SYDNEY] Australia's biggest airline Qantas Airways Ltd has stepped up its assault on the international aviation market by adding more flights on routes to Singapore and Europe. Executive general
        Dow Jones Newswires; FILE PHOTO  -  261 words
      • Article
        Lock icon Q1 loss widens, but Virgin Express sees full-year profit
        266 27 Dow Jones Newswires [BRUSSELS] Virgin Express Holdings said first-quarter loss at its Brussels-based airline Virgin Express widened year-on-year, as it struggles to rebuild sales hit by the collapse of its Belgian partner Sabena. But it said on Tuesday it is confident
        Dow Jones Newswires  -  266 words
      • Article, Illustration
        Lock icon Cathay, Eva Air set to gain in HK-Taiwan air pact
        544 27 Analysts say China Air crash will leave it the loser even as flights are added Reuters [HONG KONG] Hong Kong carriers and Taiwan's Eva Airways are expected to be the big winners from an expansion of air services on Asia's
        Reuters; AP  -  544 words
      • Article, Illustration
        Lock icon Head-on crash
        37 27 [CLARENDON, Texas] Carriages lying scattered after two trains collided west of Clarendon, Texas, on Tuesday. One person was killed and several were injured when two Burlington Northern Santa Fefreight trains collided head-on, authorities said. AP
        AP  -  37 words
      • Article
        Lock icon Sale to lease plane to Air Asia, takes another freighter
        212 27 [SINGAPORE) Singapore Aircraft Leasing Enterprise (Sale), said on Tuesday it signed an agreement with Malaysia's Air Asia for the lease of one Boeing 8737-300 plane. It is the first aircraft that Sale, a unit of Singapore Airlines, is leasing to
        212 words
      • Article
        Lock icon UK extends war-risk insurance cover
        193 27 Reuters [LONDON] Britain said on Tuesday it would extend its backing of war-risk insurance for the country's airlines for a month to June 30 but it has raised the premiums on the cover to 50 US cents from 35 US cents per passenger. The government
        Reuters  -  193 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1619 27 an mem ru fusmi no **W» 8*7301 U40 0* 7302 226 —*■> SO406 0120 wt BB FraMrt limK 0635 urns 1230 Amtitrlm SO 35 0655 CM74 OOO LM9767 0635 $0326 1230 ■U.837 6K> K1838 2225 S025 0635 8*7305 22S0 $024 2345 M»73 08S0 0F5 2250 W»
        1,619 words
    • AIR FREIGHT 2002
      • Article, Illustration
        Lock icon Long march to prosperity
        1614 28  -  It is going to be a bumpy road ahead for China as it adapts its business processes to the post-WTO requirements. But in the long term, joining the WTO means prosperity for China and its industries. David L. Cunningham, Jr After 15 years of debate and
        FEDEX  -  1,614 words
      • Article, Illustration
        Lock icon Tonnage up by 3.8%
        723 29  -  The increase in the volume of air cargo is expected to continue. By Rav Dhaliwal Rav Dhaliwal is a freelance writer. The early signs of a recovery are showing in the air freight industry. Air cargo tonnage is up by 3.8 per cent in the first
        723 words
      • Article
        Lock icon The 'e' boost
        766 29  -  e-Business transformation will be key to higher competitiveness in the transport and logistics sector. Wong Wai Kheong Wong Wai Kheong works for the IDA Singapore is Asia's busiest air hub and seaport The consistently high-rated Singapore Changi Airport is a daily destination for more than 60 international
        766 words
      • Article, Illustration
        Lock icon Air cargo industry looking up
        961 30  -  forwarders will have to cater to customers and look out for By Surendren Apparoo Surendren Apparoo is a freelance writer. The most immediately and badly hit industries after Sept 11 last year were the airlines, air cargo carriers and air freight forwarders. However, many of
        961 words
  • Page 21 Advertisements
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      161 21 ll^skm The freight column has been held over for lack ofspace Cathay, Eva Air set to gain in HK-Taiwan air pact pg7 Logistics. Worldwide. g MKm With a strong presence on every continent the Danzas Group is the world's leading provider of IT-supported logistics solutions. Outstanding strengths in innovative customized
      161 words
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  • Page 22 Advertisements
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      458 22 1 NORTH AMERICA ~l[~|l QULF/INDIA SUB-CONTINENT |BWER SHUTTLE EXPRESS »«<) I OULf KABACHI EXPRESS I 0«» rasa m tsi r-^—T W6 rasa I wr I a mm imp 00a AMfKKA MWlt 15/05 02/00 04 /0* Ptt> WUOTD ACOU Oil 23/05 24/05 2*/05 02/0* OOQ CAUFOtNIA 42W20 22/05 00/0* 11/00 PtO
      458 words
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      58 22 WORLDGATE EXPRESS UNES PTE LTD 180, CecH Street, ******/04, Bangkok Bank Building, S*po«v *****6 ■K Tel: *****911 Fax: *****073******863 Email: wgate@mbox2.singneLconi.sg WEBSITE: http //www woridgate com sg Calcutta Chlttagong [COLOMBO 01/061 Karachi port 100 is 55 BombayW C, TT,QOWQ/OHA 1 IVl<,U,a KARACHI/LAHORE 31/05 I BOMBAY 31/05 'madras/bangalore" 01/06 Colombo 8
      58 words
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      631 22 Lines service represented by Members of lbeßeg.slry of Members of (be wEfflpg! Accredited Shipping Agents, Singapore logistics Singapore Shipping Association Association g ULY UM MAU vissa vor [eta Tra iu P. KIANG STORE MAU Princess Lily 0502 07/06 08/06 16/06 Empress Lily 0402 17/06 18/06 26/06 Princess Lily 0602 02/07
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      941 23 TO USA (SAX SBtVKE) rasa VOT SIM ETA LAX OAK DAI hou chi cot MEM An NYC Aft CANADA IPSE 05/06 20/00 24/06 24/00 24/06 24/06 25/06 24/06 26/06 26/06 AfISCOTLAND 1091 12/06 27/06 01/07 01/07 01/07 01/07 02/07 01/07 03/07 03/07 AFICYPIINI 1111 19/06 04/07 00/07 00/07 00/07 00/07
      941 words
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      1570 23 VIRECT CALL TO/FROM lONGKOU CWTM SH7WM6 PTI LTD "(SKST 'Si! I W. 111 M, AA(I rstt'" SSS! Sg®: W.E.F. 17TH JUNE 2002 aSftS&iwa... tili/'iiiiw wl,7'ii»i7i to mM M""""" L Ki/vor w wg sma ow un ui udi m m m iu m wcwr m mn ■onuw omubi m <m >u
      1,570 words
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      544 23 VBSfl WY MT PGU HKG StU PUS UK ypsfl WY_ SIN HKG KBL USN PUS IMC KMTC HOWGKOWG ***** 4/4 7/4 10/4 13/4 15/4 If/4 KMTCJAKATO 2Q7S 31/5 Ui 1/T "n/4 lz/4 15/4 KMT(KHIUWG 708W 12/4 13/4 14/4 H/4 21/4 25/4 AaWOtfl 043K1 1/4 5/4 7/4 KMTC ULSAW TOM H/4
      544 words
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      824 24 HMHmZ HYUNDAI MERCHANT MARINE CO., LTD. WWWJ—2I.W Q MO. **********0H |wssn ¥qt T sou ta I rtm I amt I ham Imv I ivßsa voy sou |i» rtm ant ham mv~ 9 NY FORTUNE JOIW u/os 04/04 29/ OS 10/0S 01/04 not soumon MM 10/04 17/04 11/04 21/04 U/0i AWHA
      824 words
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      529 24 *AN HA! i\m INTRODUCING: NEW WlfKtY EXPRESS SERVICE (■■l Weekly Express Tuesday sailing For more details, call HOTLINE: 1800-*****00 or *****588 wa »5 UM umut *TF ASIA EXPRESS I*l A SAftED It/OS t|/ 05 162 A 04/06 M/M 10/0* 11/0* <*/* IS/* 20/0* 21/0* 26/06 25/0* 30/06 01/07 wr spob
      529 words
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      639 24 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS SWM HUM6I COUMMO n skva| coto—o rosmmw yot rrt/rro n*/np fta/ito ha/to n*7nt murawm rwwoi what hi>r ;kj» saw hu» MOO FAItW 077S 3 HIM SJW jjjjj I7JM "IS JUW lAjnmnimi aim iojui muii ujw hjw njw
      639 words
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      1097 25 IVtSSB. VOY KHH HKO I SIN PKL DXi »A» DMM RAN HORMOZGAN PCL26I 28/05 29/05 01/06 02/06 09/06 10/06 12/06 14/06 MAN TBMAN PCL262 04/06 05/06 00/06 09/06 16/06 17/06 19/06 21/06 MVUNDAVIA PCL-263 11/06 12/06 15/06 16/06 23/06 24/06 26/06 20/06 KANKIKMAN PCL-264 It/06 19/06 22/06 23/06 30/06 01/07
      1,097 words
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      519 25 UK CONTINENT SERVICE Loading for CMMITRA ROM/ATW/BMNAJK/NAN MARYLAKI ROM/ATW/BMN/UK/NAN Loads Singapore. EVW Mataysa. Indoneaa MIDDLE-EAST SERVICE Loackng For AFRICA JOH/AQA HANDY DRAGON DBl/ABU/DOH/BRN/DMM/KWT TZANETIS DBl/ABU/DOH/BRN/DMM/KWT MERIDIAN NAVIGATOR DBl/ABU/DOH/BRN/DMM/KWT LOK KRANTI DBl/ABU/DOH/BRN/DMM/KWT Toads Singapore, EVW Malayan. Indoneaa USA SERVICE Loadng lor KONAA4AR CAM/NFK/SAV/NOL PAN DYNAMIC MZLAAX/VCW ANGAFIA CAM^FK/SAV/NOC CARINA VENTURE MZL/LAX/VCW
      519 words
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      705 25 sag Ig£lll =iig-JiaL_ VKXI *21 ill PJI VKM jm Ml > r Ifei a —s® —»a- -ssass yy^jMjyjgj ¥21 a ESM wssa vor an rm S«ii g£- jsuatm KM nm ZE HIJM 9513 B*/ft M/M Jfl JOANNA 3449 M/M M/M |_jnjOANNA *ft im TPS— ffil SH Ul MM VKSB JHH
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      427 26 I LINE W jjg M* Ni— ««lp— 9mmm Yc»" K—r r»h>«l lf»wi jj^n Gfgnd Vision QO3E 03/06 12/06 19/06 20/06 Grond Vision 003E 03/06 12/06 22/06 25/06 ~*****~ Washington 7q706 06/07 Ts75T ***** TW 2*/07 IW Woshwgton Senator 952E" 10/06 26/06 03/07 04/07 Washington 952E" 10/06 1W ~WST "***** TW
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      244 26 iJßgjAjfc MYANMA FIVE STAR UNE '"fJJJ" J hrt *p i Uat rcssa vot sm f*i rw ku OW SMWf HAW S4W SU> PAGAN V3OAW SU) M MALAYSIA: OOUSTtAD SWPfWG AGCNCKS ML 03-*****300 «L 03-317*4101 PHfc 04-7****** BANK LINE (A Mrvkt *f kmkrm Wh *[hoping] j WOKTHBOUNP TO iUKOfi~ V CONMMK,
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  • Page 26 Miscellaneous
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      140 26 /^5 g& FOR 7 AM 30 MAY 2002 EgggL^lZ^ 10TE LEGEND: Issued by Meteorological Service Singapore R1 Thunderstorm A Showers X\ Ra,n T ZZT 6 C (J Wind direc,ion and speed in knots Cloudy Day Weather w XJ Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates
      140 words
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      210 28 Need a location for your logistics operations? Read on. your needs the Airport Logistics Singapore (ALPS) Strategically located next to the Changi Airport, the ALPS an ideal base for 3rd Party Logistics Providers to reach your global destinations. Twenty plots one-hectare land are available. As a light manufacturing estate within
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      106 30 Whether it s flying fibre optics to new markets or orchids to the Arctic, there's one company displaying the innovation that makes it happen. "With the largest fleet of the most advanced cargo freighters in the world A the 8747-400 Mega Arks. *One of the world's most modern and efficient
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