The Business Times, 11 July 2002

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Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES MITA(P) 01CV03/2002 SINGAPORE 86C Hnte-TTetM^ttf^/busine^ THURSDAY, JULY 11. 2002
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  • Article
    Lock icon MARKET SUMMARY
    76 1 m IKLM (-13.32) ST INDEX FUTUKES 1,***** (-21.00) smsa FUTDXEB 204.70 (-1.60) STOCK MAHET INDICES Wednesday Change KLSE COUP 743.1? -0.41 NIKKEI 225 _10,7ai66 -207.59 HANG SENG _R787J4 -56.61 SET IN DEX 402.97 _-0.25 JAKARTA COMP _***** -198 MANILA COMP .1,***** +14.69 TAIPEI WPI 5,262.01 -126-51 SEOUL COMP
    76 words
  • Article
    Lock icon FINANCE
    65 1 FOEEZ RATES uss s$ US$ [S$ per l-SS) 1.760 £(US$/S$ per 1.551 1716 EURO(l!S$/S$/E). 0.996 1.741 YEN 117.8 67.30 RM 3.800 1171 HK$ 7.800 4.466 BAHT 41.13 23.50 RUPIAH ***** 5,092 P1IXE BATES SINGAPORE* 525 KUALA LUMPUR 6.40 HONO KONG 5.125 JAKARTA 39.00 TAIPEI 6.625 TOKYO 1.37a SEOUL 955
    65 words
  • Article, Illustration
    Lock icon Q2's 3.2% growth is first gain in 5 quarters
    532 1  -  Bnt nptick is narrowly-based and largely statistical By Anna Teo (SINGAPORE] Singapore's economic growth this year is now expected to hit the upper half of the official forecast of 2 to 4 per cent, following stronger-than-ex-pected growth momentum in the first
    Source: Dept of Statistics/MTI  -  532 words
  • Article
    Lock icon Too early to say recovery is here
    660 1  -  COMMENTARY By Anna Teo [SINGAPORE] FOR an economy anxious to see sunny skies again, the first GDP gain In five quarters is, well, absolutely headline news. But the dampener in the set of otherwise cheery Q2 flash GDP estimates and which dilutes somewhat
    660 words
  • Article
    Lock icon Stop blackening my name, Li Ka-shing tells HK critics
    473 1  -  Tycoon accused of trying to dominate HE media industry From Audrey Tan in Hong Kong A VISIBLY riled Li Kashing yesterday told his detractors to quit blackening his name, as he reacted to charges that he is trying to dominate Hong
    473 words
  • Article
    Lock icon Citigroup chief: go easy on exec stock options
    524 1  -  Long-term exec loyalty schemes are the way to go Byy Catherine Ong (SINGAPORE] Companies should structure their incentives in a way that will encourage long-term commitment from their CEOs and senior managers, Sandy Weill, chairman and chief executive of Citigroup, said in
    524 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      92 1 DBBPB Executive Suite SGX extends lease at OUB Centre for trading pit. Pg 6 Top Stories Jobs to come before transport operator's viability. Miwt Pmgm IMF says it's learning from Asia mistakes. Mmxt Merrill, Morgan Stanley downgrade chip equipment stocks. Mmxt Hyflux, Dayen ride on Darco IPO waves. Pg 3
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      Lock icon Page 1 Advertisements Column 2
      108 1 SS §6ts boost from GDP USS selling Larry IVee Pq 1 Following tllG flight of the Chind gOOSG Kenneth James ***** Pq 18 Indon schools of modern Islam Kanm Rasian. pg 13 r »W ti*' *,^*:,-'«^ag: iiJwbJl ff i */j^^^^Hfl| i. /gjj&ft* *"5l J^Bfcj (■KSb AV> air jIIHP jQ| ■Bfei
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      Lock icon Page 1 Advertisements Column 3
      19 1 The CEO must set tone on right values, Pg 10 Bosh cheers CEOs but lets funds down, Pg 15
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  • NEXT page
    • Article, Illustration
      Lock icon Amended motion passed on transport fare increases
      733 2  -  YESTERDAY Df PARLIAMENT Job situation, affordability to come before operators' viability By< Christopher Tan [SINGAPORE] The Public Transport Council (PTC) should first and foremost consider Singapore's employment situation when reviewing requests for public transport fare adjustments. It should then weigh the affordability of
      733 words
    • Article, Illustration
      Lock icon Yen continues alarming rise against US dollar
      485 2  -  BOJ official warns economic recovery is at risk From Anthony Rowley in Tokyo THE yen yesterday continued its alarming climb against a crumbling US dollar, prompting a member of the Bank of Japan's (BOJ) Policy Board to warn that Japan's economic recovery is
      AFP  -  485 words
    • Article
      Lock icon IMF says it's learning from Asia mistakes
      643 2  -  Angnstine Tan hits out at aspects of its crisis management Reports by Vikram Khanna [SINGAPORE] The International Monetary Fund was taken by surprise by the intensity and the speed of contagion of the 1997/98 Asian crisis and made mistakes, but is taking corrective
      643 words
    • Article
      Lock icon 'Predictable' legal judgments vital: IMF
      182 2 [SINGAPORE] Although the Manulife case in Indonesia is now over, it highlights the importance of consistent and predictable legal judgments, the IMF's external relations director Tom Dawson said yesterday. At a press luncheon, he pointed out that the original judgment on the Manulife case by
      182 words
    • Article
      Lock icon Downgrades of chip firms raise new concerns
      556 2  -  Moves unexpected as industry forecasts were getting optimistic From, Jennifer Lien in Silicon Valley A DOWNGRADE of 13 chip equipment stocks by Merrill Lynch and Morgan Stanley depressed tech stocks on Tuesday, raising fresh questions about the strength of the expected technology upturn.
      556 words
    • ON THE grapevine
      • Article
        Lock icon Asian flu hits the US
        174 2 HERE'S someone who has something good to say about Asia. In a report issued this week, investment bank Salomon Smith Barney's Asia strategist Ajay Kapur pointed out that the current US situation has 10 significant parallels with Asia's financial bubble, which burst five years ago.
        174 words
      • Article
        Lock icon Cruising on neutral
        118 2 MERRILL Lynch expects the Monetary Authority of Singapore to maintain its neutral policy when it releases its foreign exchange policy statement today. The Wall Street brokerage noted that the latest second-quarter preliminary GDP figures were stronger than expected and this could raise an outside chance of a
        118 words
      • Article
        Lock icon The perils of paunches
        175 2 IF you are thinking of easing your svelte frame off the treadmill, think again. Singaporeans have 5 per cent more body fat than Caucasians, said Mabel Yap, director for research and information management at Singapore's Health Promotion Board. "What this means is, we are fatter though
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Hyflux, Dayen ride on Darco IPO waves
      559 3  -  Dealers expect Darco to debnt at around 50 cents bnt competing IPOs may cap price By Serena Ng SHARES of water treatment companies Hyflux and Dayen Environmental surged yesterday, boosted by investors* interest in the upcoming Sesdaq listing of Darco Water Technologies, which
      Source: Bloomberg; FILE PHOTO  -  559 words
    • Article, Illustration
      Lock icon Nera unit's IPO may raise $30m
      403 3  -  Shares could be priced at 30-38 cents apiece By David Boey NERA Electronics Ltd (NEL), a unit of mainboardlisted Nera Telecommunications, will launch its initial public offer on Monday evening in an exercise that could raise gross proceeds of up to $30 million, said
      403 words
    • Article
      Lock icon CityAxis IPO's public tranche 5X subscribed
      325 3  -  By Vince Chong CITYAXIS, which is headed for Sesdaq, saw the public tranche of its initial public offer (IPO) subscribed by over five times at the close of its offer yesterday. Demand for the private placement was "overwhelming", according to the firm's chief executive
      325 words
    • Article
      Lock icon Koh Boon Hwee joins board of Innovalues
      260 3 INNOVALUES Precision has appointed Koh Boon Hwee as a non-executive director effective from July 9. The company said yesterday it intends to set up an executive committee to be headed by Mr Koh. The committee will include Goh Leng Tse, the group's chairman
      260 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      272 4 OTHER SINGAPORE INDICES JlUlO VALUE CLOSE WW 470.00 ♦109.00 mam -99.00 ■TlMjfl -*****.00 +47.00 437.84 AJ09 Of I Mil Ekct 143.91 Q.66 t6f|iiBlll Ffci 143S54 -3.81 ttlpBiihip 4S2M7 -2.01 IMBfcpnw 204.36 -1.36 WBMm 204.70 -l.eo Aflonctoan2.Sc 106.450,000 DMacxtft 10c *****0.000 ASTllOc 17,653.000 SlrtfTflllSc 16.782*00 Day«r8c 16,491.000 8U. InO US20c... 13*60,000
      272 words
    • Article, Illustration
      Lock icon Analysts upbeat on CSA Hldgs despite delisting talk
      297 4  -  HOT STOCK/ WARRANT By < Ven Sreenivasan IT services giant CSA Holdings, on an upswing since end-June, has been the subject of delisting speculation for some time. American IT giant Computer Sciences Corp (CSC) took control of CSA in 1999 when it
      297 words
    • Article, Illustration
      Lock icon IPOs in play amid blue-chip dilemma
      784 4  -  i i comment STOCKS r. sivanithy BLUE chips are delicately poised at the moment on the one hand, there's an incentive to buy because of momentum, liquidity and the better-than-ex-pected economic numbers, but on the other, Wall Street's problems and the alarming slide in
      784 words
    • Article, Illustration
      Lock icon S$ gets boost from GDP data, US$ selling
      610 4  -  BT currencies Sing hits new 10-month high; more greenback losses widely expected larry wee THE Singapore dollar jumped to a new 10-month high of 551.7460 per US dollar yesterday, thanks to a better-than-expected Q2 GDP number, but also because the greenback came
      Source: Reuters  -  610 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2163 4 UNIT TRUSTS FUNDS OomGlcbnllntoeclndwFdl** 030V Cam Global Enerw todee Fd 0.967/ Com Global Trend Index Fd 074V MN Amro Aecet Mgt (S'pore) Com S pan land Fund/* 1 043/ Star Europe Eqty!* 0.7» Star Europe Bd.. 1.046/ Credk Apfcate Aaet IBgt S'pere Ltd Star Europe Bal 0J7V mdocam Ma Vtoon!**
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Comfort looking into feeder bus business
      321 5  -  It is ganging demand, looking at new rontes in areas served by SBS, Tibs By i Christopher Tan TRANSPORT operator Comfort Group has launched feasibility studies on starting feeder bus services in "several housing estates". Without revealing exact locations, spokesman Jacqueline Tham said the
      321 words
    • COMPANY Briefs
      • Article
        Lock icon Huan Hsin in joint-venture talks
        75 5 Reuters i Ai WAN-BASED electronics contract manufacturer HuanHsin the possibility of forming a joint venture'with a Japanese company to make computer peripherals in China. "Discussion is still in progress on the terms of the proposed joint venture and an announcement will be made as soon
        Reuters  -  75 words
      • Article
        Lock icon SembCorp gets waiver to delist unit
        116 5 Reuters aaiTixjvuivr uiuusiries saiu yesterday ii nas Deen granted a waiver by the Singapore Exchange on having to seek shareholder approval to take its marine engineering unit private. The proposed $583 million deal to delist SembCorp Marine paves the way for a merger with
        Reuters  -  116 words
    • Article
      Lock icon CapitaMall nearly 4 times subscribed before close
      669 5 Investors expect its pricing at higher end of range, at 96c Reuters, Bloomberg CAPITALAND Ltd's real estate investment trust (REIT) has attracted strong investor interest and is almost four times subscribed on the eve of the close of the offer, sources said yesterday.
      Reuters,; Bloomberg  -  669 words
    • Article
      Lock icon Daiwa upgrades Datacraft on good valuation
      289 5 Reuters DAIWA Institute of Research has upgraded Datacraft Asia, the region's largest systems integrator, to outperform from underperform on attractive valuations and a possible re-rat-ing of the sector. "We upgrade our recommendation from four to one as both micro and macro factors are turning
      Reuters  -  289 words
    • Article, Illustration
      Lock icon DoCoMo in alliance talks with SingTel, S Korean firm
      338 5 Bloomberg [TOKYO] NTT DoCoMo Inc, the world's largest mobile phone company, said it's in talks to form an alliance with KT Freetel Corp, South Korea's second-largest mobile phone company, and Singapore Telecom, Southeast Asia's largest phone company. "It's true we have
      Bloomberg; AFP  -  338 words
    • Article
      Lock icon Japan Tobacco may harm, Nikkei
      840 5  -  locksiew anthony rowley SHARES in former monopoly Japan Tobacco will go on sale soon and by rights they should carry a health warning of the kind normally given to smokers. The firm is one of a number of state enterprises that Prime Minister Junichiro Koizumi's
      840 words
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  • EXECUTIVE suite
    • Article, Illustration
      Lock icon SGX trading pit not moving out
      506 6  -  Its lease at OUB Centre said to have been renewed for three years, reports KALPAMA RASHIWALA KALPANA RASHIWALA IN the latest twist to the SGX Centre saga, the Singapore Exchange (SGX) will not be moving its openoutcry derivatives trading pit at OUB Centre to
      ARTHUR LEE  -  506 words
    • Article
      Lock icon CityDev pricing Pasir Ris EC to sell: Kwek Leng Joo
      271 6  -  By Andrea Tan CITY Developments' Esparis executive condominium in Pasir Ris will be priced to sell, said managing director Kwek Leng Joo, who is confident of success for that reason. Mr Kwek was respond- ing to BT on the sidelines
      271 words
    • Article, Illustration
      Lock icon Shophouses among URA award winners
      435 6  -  Byi Andrea Tan THE red and white Central Fire Station at Hill Street, the Sun Yat Sen Villa, a row of Peranakan-styled shophouses and an old bungalow at Penang Road received accolades at the yearly URA Architectural Heritage Awards yesterday. The Sun Yat Sen Villa
      PHOTOS BY ARTHUR LEE  -  435 words
    • Article
      Lock icon New homes for sale
      551 6 DEVELOPER/ OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO.OF PRICE TENURE I 1 J J u M (aqft) LAUNCHED UNITS SOLD ($psf) I k a Blue Horizon FEO 5 West Coast Crescent 904-1,227 503 326 550 99-yr Rooidonooo 9 338a Springstar Prop 9 River VleAey Rd 1,119-1,379
      551 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      172 6 r (ffS\ Jones Lang W LaSalle. at Amber Road Site Area: 22,790 sq. ft approx. a fF > )V Plot Ratio 2.8, up to 36 storeys (EOS Potential Gross Floor Area: 63,800 sq. ft approx. Close to reputable schools, eateries, —jr shopping and recreational facilities 0, FOR SALE BY TENDER
      172 words
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      Lock icon Page 6 Advertisements Column 2
      124 6 I&M1I IB For over 20 years, our qualified professionals have been assisting clients to venture offshore with confidence by B providing consultancy services on offshore structures, I shelf companies and incorporations in ALL jurisdictions H including M British Virgin Islands Mauritius Cayman Islands Hongkong I Bahamas Samoa Full nominee, management,
      124 words
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      Lock icon Page 6 Advertisements Column 3
      58 6 FOR SALE JOO KOON WAY Prominently fronting Jalan Ahmad Ibrahim Purpose-built part 2-storey and part singlestorey detached factory Land Area: approx. 176,500 sf Gross Floor Area: approx. 121,000 sf Tenure: 30+30 years wef 1982 Fitted with 2 vaults Iljig Debenham J H Tie Leung m ■1I BUSINESS SERVICES/ PRODUCTS Kgs
      58 words
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      Lock icon Page 6 Advertisements Column 4
      62 6 FOR SALE BY TENDER TUAS AVEMUE 13 i* 4 ttorvy detechod warehouse with container yard Appro* Land km 283.157 aq ft 51 Appro* buMMn «Mt 198.939 aq ft JTC 30yr* W 1 So*4 1969 Floor loading 20KF#aqm Calling HaigM: 6.1 m 12 covered loading bays eHHHHiIHHHIHHF Knight M Frank IB
      62 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      268 7 Page 7 Balmoral Crest 1 Balmoral Crescent Klletion Less convention, MORE panache The concrete and plaster of yesteryear gives way to the striking elegance and clean line of 9K£9Jlr steel and glass heralding the new language of building fagade. Less walls, MORE space More interior space, both visually and practically.
      268 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Coffee trader Hiang Kie put under judicial management
      318 8  -  Company defaulted on $150 m loans owed to DBS, OCBC and HL Bank By- Andrea Tan COFFEE trader Hiang Kie has been placed under judicial management after failing to reach an agreement with its creditor banks. Ernst and Young has been appointed
      FILE PHOTO  -  318 words
    • Article
      Lock icon IP Property looking for more units
      360 8  -  Fond wants to boost residential portfolio in east, west areas By Vince Chong IP PROPERTY Fund Asia a joint venture between ING Real Estate and Capita Land is looking to boost its residential portfolio after its maiden purchases last year. The fund, which currently
      360 words
    • Article
      Lock icon HP, SIA voted best organisations to work for in S'pore
      241 8 HEWLETT-PACKARD and Singapore Airlines have been voted as the top two organisations that people would like to work for in Singapore, according a recent survey of over 1,500 respondents by online job finder Job Street.com. The site's inaugural "best employer"
      241 words
    • Article
      Lock icon Property management veteran joins DTZ
      336 8  -  Industry moves see Gabriel Teo leaving Colliers \By\ Kalpana Rashiwala IN the latest personnel movements in property circles, DTZ Debenham Tie Leung has appointed a senior Chesterton International executive to boost its property and facilities management business in Singapore and the region. At the same
      336 words
    • Article, Illustration
      Lock icon S'pore's May terms of trade deteriorates
      245 8  -  the economy terms of trade -By Eugene Low EXPORT prices fell more steeply than import prices in May. worsening Singapore's terms of trade, latest figures from the Department of Statistics (DOS) show. The export price index, which measures changes in the prices of exports
      Source: DOS  -  245 words
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      Lock icon Page 8 Advertisements Column 1
      188 8 VISIT ASIA'S TWO LARGEST INDUSTRIAL TRADE EVENTS! 9 12 JULY 2002 10AM 6PM SINGAPORE EXPO V, a -r> .X- «ftS2OO2 INCOftPOftATING mm sgggK ■OTiOftASU Hi.:-J mWb MMMMI OtiTl 2002 >wtw THBikiBIW saw, a fi2T?s>y BHU ImR cieairrec RHHRH www4>sa2oo2.com www.hvacasia2oo2.covn HALLS 3 A 4 HALL 5 Over 1,000 exhibitors from
      188 words
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      Lock icon Page 8 Advertisements Column 2
      185 8 HOME NEEDSK& TKe Stroih Tunes Oass&ed. J yj Qasjifkxjhonj 90 -120. ft. Pan Pacific's 30th Anniversary Celebration rates in Malaysia for business or leisure j^ERL, Celebrate Pan Pacific Hotels and For reservations, please call the hotel direct, Resorts' 30th Anniversary until toll-free (Malaysia) 00-800-3396 3229 or September 2002, with rates
      185 words
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      Lock icon Page 8 Advertisements Column 3
      28 8 Consulting Engage us as your MASTER MIND GROUP to help you achieve excellence. Visit our website for a wide range of training program* www.davechong.com Or Call 6737 3003
      28 words
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  • MAIL bag
    • Article, Illustration
      Lock icon Mistaken view of foreign talent
      692 9  -  Eric Lee Singapore 1 READ "Why foreign talent quit after short stints" by Rod Wyatt (Saturday Soapbox, July 6) with bemusement, sadness and concern. Firstly, bemusement because Mr Wyatt made many assumptions judging from his questions about the Singapore scene, and Singaporeans in general. Some
      FILE PHOTO  -  692 words
    • Article
      Lock icon Misquote on Ibra loan sale issue
      129 9  -  Daniel Budiman Ma.ha.nusa Capital Jakarta I REFER to the report "Few foreign takers for Ibra's USsl7b loan sale" (BT, July 5). I want to state that I was misquoted. Responding to your correspondent's question on whether it was possible that previous owners would bid
      129 words
    • Article
      Lock icon DBS, why two screens for user ID and PIN?
      97 9  -  Denis Distant Singapore I REFER to the letter "DBS, don't just blame the user" by Rahul Goswami (Mailbag, July 8) in which he asks why DBS Bank insists on a numeric rather than an alphanumeric pin for access to its secured
      97 words
    • Article
      Lock icon Not the time to splurge, LTA
      90 9  -  Chua Soon Hock Singapore I REFER to the report "LTA to build Buona Vista HQ that may cost up to $500 m" (BT, July 10). Have these well-paid and pampered bureaucrats no sense of shame? Many Singaporeans are suffering and increasing numbers are becoming
      90 words
    • Article
      Lock icon Auditors should explain items clearly
      390 9  -  Chan Khim Soo Singapore I REFER to your report "Merck scandal dashes hopes for Asian stock rally" (BT, July 9), in particular the quote by a US fund manager that Merck's controversial co-payments can be booked "as revenue, with the full cost of the drug
      390 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      220 9 We welcome letters. E-mail us at btfetter9sph.com.sg or fax us at 6319-8277, or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and
      220 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon No need to stop creative accounting
      847 10  -  mi\\4 I bottom line OPINION david mason The writer was a partner in an international accounting firm in Singapore/or 14 years. He is now a business consultant in the United Kingdom. THE world is sick of accountants. Which, at least is a positive reaction.
      847 words
    • Article
      Lock icon IN OTHER WORDS
      59 10 I'm very sceptical of my president I'm sceptical of whatever he says in most realms, but in this realm, I think he's largely on the side of the corporate executives.' -Arthur Umws a 72-year-old fundraiser for US non-profit groups, as President George W Bush wrapped up his
      59 words
    • Article
      Lock icon Be warned on Chinese property
      573 10 EDITORIAL WfiLiiN a government minister warns of overheating in the real estate sector, investors should take note of it seriously. In this case, it's the Chinese construction minister and China's property market Singapore developers have been piling in enthusiastically into property investments in China. But
      573 words
    • Article, Illustration
      Lock icon The CEO must set the tone on right values
      2093 10 We reproduce here extracts of the acceptance speech by Citigroup chairman and CEO Sanford CSandy') Weill at the CEO of the Year'award dinner in New York on Monday. The award was presented by Chief Executive magazine. IT is such a great
      FILE PHOTO  -  2,093 words
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  • REGIONAL news
    • Article
      Lock icon M'sia Hollywood project in dire straits
      225 11 KUALA LUMPUR It owes RM190,000 motility bills newspaper report AFP MALAYSIA'S multi-mil-lion-dollar answer to Hollywood is in dire straits after falling into debt just two years after its ambitious launch, a report said yesterday. The Entertainment Village (E-Village), modelled after Universal Studios in the
      AFP  -  225 words
    • NOTE Book
      • Article
        Lock icon Maxis to be included in MSCI indexes
        70 11 Bloomberg [KUALA LUMPUR] Maxis Communications, Malaysia's biggesttnobile phone company, will be added to MSCI stock indexes on July 19, Morgan Stanley Capital International announced. The company, shares of which started trading on Monday, will be added to the MSCI Standard Index, Morgan Stanley's
        Bloomberg  -  70 words
      • Article
        Lock icon 90 bid for 75% of Indon debt on sale
        88 11 Bloomberg [JAKARTA] Indonesia's bank rescue agency has bids from 90 investors for three-fourths of 150 trillion rupiah (5529.4 billion) face value of corporate debt it wants to sell by the end of August, spokesman Raymond Van Beekum said. "Among those bidders,
        Bloomberg  -  88 words
      • Article
        Lock icon Manila mulls shorter trading day
        58 11 Dow Jones Newswires [MANILA] The Philippine Stock Exchange is rethinking its recent move to extend trading hours into the afternoon amid thin trading volume. PSE president Ernest Leung yesterday said the bourse's floor trading and arbitration committee had proposed to the board of governors a
        Dow Jones Newswires  -  58 words
      • Article
        Lock icon KL to refinance Perwaja loan report
        82 11 Reuters [KUALA LUMPUR] Standard Chartered Bank has been awarded a US$4OO million dual-tranche financing mandate by the Malaysian government, bank executives said yesterday. They confirmed a report in the latest edition of debt market trade newspaper Basis Point on the loan mandate but declined
        Reuters  -  82 words
      • Article
        Lock icon Unisem returns to profit in Q2
        76 11 Bloomberg [KUALA LUMPUR] Unisem Bhd, Malaysia's second largest computer chip assembler, said it returned to profit in the second quarter as sales rebounded cm higher overseas orders. It posted profit of RM4.2 million (Ssl.9 million), or 2.96 sen a share, for the three months
        Bloomberg  -  76 words
    • Article, Illustration
      Lock icon Anwar loses appeal against sentence
      380 11  -  From Eddie Toh in Kuala Lumpur MALAYSIA'S Federal Court yesterday dismissed former deputy prime minister Anwar Ibrahim's appeal against his six-year prison sentence for corruption. The three-judge panel ruled unanimously against the former finance minister who was once slated to succeed Prime Minister Mahathir Mohamad.
      REUTERS  -  380 words
    • Article
      Lock icon APP creditors to work with Jakarta
      407 11 JAKARTA They aim to reach restructuring plan for firm's USsl&9b debt by Sept 30 Dow Jones Newswires INDONESIA'S government has agreed with a number of foreign creditors of Singapore-based Asia Pulp Paper Co (APP) to work together to reach a restruc- Turing plan by
      Dow Jones Newswires  -  407 words
    • Article, Illustration
      Lock icon Ibra clashes with its own holding company
      896 12  -  I-ii exclusive Inquiry into Holdiko's sale of Indomobil Snkses last year leads to fallout From Shoeb Kagda in Jakarta INDONESIA'S powerful Bank Restructuring Agency (Ibra) is distancing itself from one of its most successful holding companies as the fallout from an investigation into
      REUTERS  -  896 words
    • Article
      Lock icon Wal-Mart hit by copycats, red tape in Beijing
      457 13 BEIJING Despite WTO entry, China has yet to ease regulations on foreign retailers Bloomberg AS Wal-Mart Stores Inc cools its heels waiting for building permits on five Beijing outlets approved by municipal officials eight months ago, a local copycat called Wu Mart
      Bloomberg  -  457 words
    • Article
      Lock icon China to open tourism sector further
      275 13 BEIJING Reuters CHINA has pledged to open its tourism industry further to foreign companies and non-state firms, state newspapers said yesterday. "To fulfil the target of becoming a first class tourism nation by 2020, we have to lower the threshold of the tourism service
      Reuters  -  275 words
    • ASIA Notes
      • Article
        Lock icon Indian takeovers doable in H1
        97 13 Bloomberg [MUMBAI] Takeovers in India more than doubled in the first six months 0f2002 from a year earlier, a consultancy tracking the business said, bucking a global slump in mergers as the state sold assets and opened up to competition. The value of transactions jumped
        Bloomberg  -  97 words
      • Article
        Lock icon Reliance Petroleum helps inquiry
        87 13 Bloomberg I MUMBAI] India s Reliance Petroleum Ltd said it is cooperating with regulators after reports that the company violated rules by not disclosing dealings in the shares of its parent and an affiliate in its 1995 annual report. India's Department of Company Affairs said Reliance
        Bloomberg  -  87 words
      • Article
        Lock icon China's June production up 12.4%
        60 13 Bloomberg [dejljiinuj tnina s tactory production grew by more than a tenth in June as rising exports and government public-works spending lifted demand. Production climbed 12.4 per cent from a year earlier, the National Bureau of Statistics said. That followed a 12.9 per cent gain
        Bloomberg  -  60 words
      • Article
        Lock icon Accidents kill 50,000 China workers
        65 13 AFP [BEIJING] More than 50,000 Chinese workers have died so far this year in industrial accidents, a figure that includes thousands killed in the country's deadly mining industry alone. In the first half of this year, 53,302 people were killed in almost half a million
        AFP  -  65 words
      • Article
        Lock icon Taiwan banks'bad loans write-off
        80 13 Dow Jones Newswires 11 Aifkij Seven big banks in Taiwan wrote off about NT$l3O billion (Ss6.B billion) in bad loans in the first ,half 0f2002, the Commercial Times reported. The seven are Bank of Taiwan, Taiwan Cooperative Bank, Land Bank of Taiwan, Chang Hwa Bank, First
        Dow Jones Newswires  -  80 words
      • Article
        Lock icon Chinese bourses censure 32 firms
        63 13 XFN [dMJINvj] The Shanghai and Shenzhen bourses censured a total of 32 companies for irregular information disclosure from the start of the year to July 8, with three firms being censured twice, the China Securities Journal said. The newspaper said the bourses issued 51 official
        XFN  -  63 words
    • Article
      Lock icon India to hasten asset sales to trim deficit: Vajpayee
      128 13 I NEW DELHI Bloomberg INDIAN Prime Minister Atal Bihari Vajpayee said the pace of asset sales will be stepped up during the year, helping the government trim its deficit and spur the economy to growth of more than 6 per cent.
      Bloomberg  -  128 words
    • Article, Illustration
      Lock icon Indon schools of modem Islam
      940 13  -  Besides religious studies, poudok pesautrems teach secular subjects too WRITER'S JOURNAL karim raslan IF the bleak Iranian desert city of Qom is the spiritual and theological centre of the Shi'ite world, then Jombang, a Javanese town of 125,000 people, is its Indonesian equivalent. Indeed, at
      940 words
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      277 11 1100 299 8812 rccrults»Tf h rta tg I —i NOTICE O* APPOINTMENT OF PROVISIONAL UQiIIOATOR SOOY CARE PTE LTD (Incorporated in the Republic of Singapore) Take notice that Mr Lim Yeong Seng, CPA, Approved Liquidator of KONG, UM PARTNERS, 98A Amoy StrNt, Singapore *****8 ho» been appointed provwional liquidator of
      277 words
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      279 11 r NOTICE OF SPECIAL RESOLUTIONS EWAPP.COM PTE LTD At an Extraordinary General Meeting of me members of EWAPP.COM PT* LTD, duly convened and held at No 10 Changi South Lane #07-01 Ossia Building Singapore *****2 on 5 July 2002, the following resolutions were duly passed: SPECIAL RESOLUTIONS "RESOLVED THAT pursuant
      279 words
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      263 11 IN THE MATTE* Of na COMPANIES ACI CAP. SI CONFTOD MANUFACTURING FTI LTD (liMftm'Vit At an Extraordinary General Mating of Confield Manufacturing Pie Ltd dulv convened and held on the Bth July 2002 !the following special/ordinary resolutions was passed: SPECIAL RESOLIITON Resolved thai the company be wound up voluntarily pursuant
      263 words
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      361 11 IN THE MATTE* Of THE COMPANIES ACT, CAP SO AND IN THE MATTE* Of A'S BATHROOM CENTRE PTE LTD (In Mambars' Voluntary Winding-Up) SPECIAL *ESOIUTIONS PASSED ON 3*D JULY 2002 Al on Exlroordmary Gonarol Mating of tha Company Said at 9SA Amoy StraM Singopora ****** on Km 3rd July 2002
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      Lock icon Page 11 Advertisements Column 5
      1273 11 Hamburgische Landesbank CONDENSED BALANCE SHEET CONDENSED PROFIT AND LOSS As at 31 December 2001 ACCOUNT I December 31 for the Period from 1 January to 31 December 2001 I 2001 2000 I «"000 000 n 1 December 31 1 Assets 2001 2000 Liquid funds 30 g4 gu 000 s D
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  • Article, Illustration
    Lock icon FINANCE
    1011 12 Transaction date: Jul 10 DtTBRBAMM CROSS RATES tf a fc* nn W w ym 9m H K% Hn —i Mr iT$ —t >—8 ot$ AMMO 1863 4.710 0.573 4.446 27X05 50X06 1671 1TO 106 165 ***** 28.622 0.998 547* 0.844. 18.974 23.441 0J47 0X70 CaMia 109 5.481 0.664 5.152
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  • Article
    Lock icon COMMODITIES
    1514 12 SICOM FUTURES J^jq ttJBSCX Fabrts (Oosaq priwj) tSS I (S CMb/kf) ciOM *5* W U» Srtt Cfm) nig S«"i02 M725 M725 147.75 "•"02 M7.75 tSS 3 (US CMtsAo) VainM Qmn U» Stt ftWM) WwK 02 83.50 850 83.75 8250 83.25 750 2700 Oct 02 to m xw «*02 82.00
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      716 13 111 PERTAMA HOLDINGS LIMITED group (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting ol the Company will be held at 31S Outram 2™ t °nZ 2 m Ta T L,at Repu A of °9, a m ,or considering
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      1168 13 0 GREEN WORLD HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTia IS HEREBY GIVEN that the Third Annual General Meeting of the Company will be held at No 6 bHw S nQapofe *****9 Faday 26 JU| V 2002 at 10 00 am to transact the following AS ORDINARY BUSINESS
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  • WORLD news
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      Lock icon Funds reel as S&P index ousts non-US firms
      417 14 LONDON Unilever, Royal Dutch down 7% as short notice for rfinngo angers European funds Reuters INVESTORS were left reeling yesterday after stock market index compiler Standard Poor's suddenly ousted two Dutch and five Canadian firms to make its US benchmark S&P 500
      Reuters  -  417 words
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      Lock icon Merck puts off Medco IPO again
      315 14 NEW YORK NYT MERCK postponed an initial public offering for its Medco managed care unit for the third time on Tuesday as investors recoiled from falling share prices for drug makers and drug-related businesses. Wall Street analysts say sales growth at Merck, the second-largest
      NYT  -  315 words
    • Article
      Lock icon EC to adopt farm subsidy reforms
      383 14 BRUSSELS AFP THE European Commission yesterday approved an overhaul of the 40-year-old system of EU farm subsidies that France, the leading beneficiary of the aid, has vowed to fight. The proposed changes to the Common Agricultural Policy (CAP) will cut the long standing link
      AFP  -  383 words
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      Lock icon US May wholesale stocks up for first time in a year
      513 14 LATEST US INDICATORS Rise suggests inventory depletion may be bottoming Reuters [WASHINGTON] Stocks on US wholesalers' shelves rose in May for the first time in a year as sales posted their first drop since December, the government said yesterday
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    • WORLD Watch
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        Lock icon Munich Re shores up US unit again
        65 14 Bloomberg imuiNicrij Municn Ke, the world's largest reinsurer, pumped US$2 billion into its unprofitable American Re unit This is the second time in eight months that it has had to shore up the business. Munich Re had to put about US$l billion into
        Bloomberg  -  65 words
      • Article
        Lock icon US Attorney begins Qwest probe
        56 14 Bloomberg [DENVER] Qwest Communications International Inc said the US Attorney's office in Denver has begun a criminal investigation of the company. In March, the SEC began investigating Qwest's accounting for so-called swaps erf long-distance network capacity with rivals. Investors questioned whether Qwest and other companies
        Bloomberg  -  56 words
      • Article
        Lock icon French regulators probing Vivendi
        54 14 Bloomberg PARISJ Vivendi Universal SA is under investigation by French securities regulators over its reporting of financial information since January 2001. The Commission des Operations de Bourse opened a probe "related to the financial information released by Vivendi" over the past 17 months, the regulator said
        Bloomberg  -  54 words
      • Article
        Lock icon Deutsche Post may out 10,000 jobs
        51 14 Bloomberg iouininj ueutscne rost AG may slash 10,000 jobs, or 3 per cent of its workforce, as a German regulatory order to lower postage prices erodes profits. The price reductions will cut earnings by 1.5 billion euros (552.6 billion) through 2007, the company a«id
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      • Article
        Lock icon IRS sues KPMG, BDO Seidman
        70 14 AP IWA&HINGTON] The Justice Department, on hohnif of the Internal Revenue Service, filed federal lawsuits on Tuesday seeking documents from two ma)or accounting firms detailing tax shelters they have promoted. The lawsuits were filed in Washington against KPMG LLP and in Chicago against BDO Seidman
        AP  -  70 words
      • Article
        Lock icon Telia wins antitrust approval
        51 14 Bloomberg [BRUSSELS] Sweden's Telia AB won European antitrust approval for a 7.5 billion euro (5513.1 billion) purchase of Finland's Sonera Oyj, the first combination of two former national phone monopolies in Europe. The European Commission approved the merger after Telia promised to sell its Finnish mobile-phone
        Bloomberg  -  51 words
    • Article
      Lock icon Bush cheers CEOs but lets funds down
      619 15 NEW YORK Investors wish the president had more plans to clean np corporate America NYT Reuters MANY Wall Streeters and those who run large pension funds expressed disappointment that President George Bush did not offer more specific proposals to clean up corporate wrongdoing
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    • Article, Illustration
      Lock icon Stocks tumble 29% during Bush's 17 months, steepest since Nixon
      491 15 WASHINGTON Bloomberg THE US stock market has declined more during George W Bush's first 17 months as president than at any time since Richard Nixon took office in 1969. The Standard Poor's 500 Index is down 29 per cent since
      Bloomberg; AP  -  491 words
    • Article
      Lock icon SEC plans to ban consulting by auditors
      278 15 WASHINGTON Reuters, Dow Jones Newswires THE Securities and Exchange Commission is drafting a ban on all consulting by auditors for corporate clients unless a specific service is first approved by the client's audit committee, a White House statement said. The rule proposal marks
      Reuters,; Dow Jones Newswires  -  278 words
    • Article
      Lock icon Wall St doesn't expect a Fed rate rise any time soon
      347 16 NEW YORK Goldman poshes back rate hike forecast to H2,2003 Reuters WALL Street forecasters paid to predict Federal Reserve chairman Alan Greenspan's every move are now saying US interest rates could linger at four-decade lows for a long time
      Reuters  -  347 words
  • Article
    Lock icon STOCKS ASIA
    4339 14 Transaction date: Jul 10 for more, go to UMWAsiaonemnarketsjxmi HONG KONG HysanDtv 7.60 inh 293 mterchma Hldgs .555 002 2040 *8 m Infl Bank of Asia 1.99 inch 588 ArmmAtL. u, n.c iRegentGroup -0.30 004 546 o KGHokhngs 453 -0.05 406 g&nfii£ 'S II 1 fSSKtrziS i:S JK
    4,339 words
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  • Article
    Lock icon KLSE
    2341 15 Transaction date: Jul 10 KUALA LUMPUR FraserSNeave. 3*8 unch 10 V0 FSBM... 220 002 3 KM ('000) FWhwfcstrie -038 003 9 Gadang 1.32 0.07 26 AIM Realty 1.10 i«h 0 Gamucb 605 -005 1326 Abric 1.71 0.06 754 GanadCoip .0.93 003 5 ACP Industrie .3.18 unch 9 GanzTedi 1.27
    2,341 words
  • Article
    Lock icon SGX
    787 15 Transaction date: Jul 10 »■*—W OM» a—i m Otm Omm "C 05 -cmo MatSMSOc 0.34 1760 «OOSO Cjpttaiand 1M V640 -0 040 OOC 10.04 12 500 «0 TOO Chart SenaCond 2Cc 147 3 700 OTOO Out 0 56 7/MO Qty DcvSOc 240 6750 «0100 Parkway H 25c 0J7 0*5
    787 words
  • Article
    Lock icon BONDS & WARRANTS
    630 15 BONDS WARRANTS la* ValCaa* tnr 'ote 'US M« *m- nwwwi> Htm %HiHn U» AST1VW***** 22 -2 20 1 16 13 152 23 AoniUdWMIIIC 2 i«ti 35 1 50 478 4 SO 28 A»ntekWD***** 99 -2 527 1 33 4 128 35 ArmSrong W*****0 J 1 10 100 3.00 22 A«afoodPM*****2
    630 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      321 15 CRYPTIC CROSSWORD 1 Making some effort to be firm h mam mm and natural lH HB JH j^fl 5 Featherbrains do —it is ap- 5 9He wouldn't appear personal- Hi ly, but sent in a worker (8) 10 Grant a device is without 12 T point (6) Im Material being
      321 words
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  • Article
    Lock icon SGX MAINBOARD
    4279 16 Transaction date: Jul 10 for live prices, log on to uninvxisicumemarketsjxmi m"lL £2 J£L SfOt. M» CrVW MM MCjb «IA»« "f L C "T—> fWW W» Uw —wr M» Or m >3 w5 ABNAmroNLG S6c 9 \a i» 20.5 S.5 c ACE Dynamic$20c 13 13 14 0781 217
    4,279 words
  • Article
    Lock icon SGX XTRANET
    61 16 rnr tSl rSL -5? MCa mta, '-T-? ==—it f—* K» —wr f» Cw m $3 m5 <0J» ©10 s Diamonds US9470cd 5920 3600 s IS DJ US Tech US3600 I S75 440 8 MSG Sparc US57S I 11M0 9870 s FSS&P500 US ***** ***** 9900 s SPDftt -.1111"***
    61 words
  • Article
    Lock icon SGX SESDAQ
    1033 16 c-T-T a w. fS, u. ays, s *a "sa *S c M 3J3 H "Z"i\Z£Z; r 11 5 s m S 3? .>« j£ SI 5 u V 51 S 3 sirs^izzzrs 5 S S M.S 15 c AMtrawH 15c 77 Vri unct> 90 28 27 5 77
    1,033 words
  • Article
    Lock icon CLOB INTERNATIONAL
    214 16 ■wTu. -T L a °r? MM mo. Mf* IM Coapaif m, NM» I— idter Cw P>1 >3 5 33 103 53 2015 265 2.1 73 6 *****.2 Owwg KongSOc HK— 1780 240 63 6.7 3 63 45 City* hriubomLtHK. 55 7i U IIS 7107 <*•*<****** 11.1 4.6 »j
    214 words
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      217 17 COMMKCIAL 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 WBuMnSSLEEEEESSnESMMKBKSMMKMKKKKM TRAVEL GUIDE The Straits Times Classified. Classifications 573 587. lJjXj
      217 words
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      Lock icon Page 17 Advertisements Column 2
      63 17 ■E«T~ 4^5 I > I I r* pms i u 11 rI■J I 1 rang mahal Buffet Lunch, Noon to 2Jopm Dinner 6Jopm toWJOpm (Closed for lunch on Saturdays) Far rMmttm, ca> u* at («5) &JJ3 T7M •r In (65) *****640 MltatAitaMkk|«arMilMMlM«lvia«inailM mm I ml H!w of The Business Times
      63 words
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      Lock icon Page 17 Advertisements Column 3
      73 17 rrs coming up MUSHROOMS ft TOFU! SKOAL PROMOTION ITEMS: Japanese Tbfu Sauteed Tofu Wild Mushroom Ragout Shiitake Burger Dinner: Mon toFri Lunch Dinner: Weekends Public Holidays Promotional menu items range from $7.50 to $12. "Fantastic value! i can enioy salads, io cream, local desserts*. ice kacang a* tau suan fresh
      73 words
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      Lock icon Page 17 Advertisements Column 4
      42 17 I Five key I I issues! I feces I n£A»H I I^K WM French National Day Gourmet SpedaL <*S£ Bto 21 July 2002 Vl2 Reservations: 6831 6258/88 ItllMlNl MB Itow 333 Orchard Road. Singapore *****7. TV.'iTT Tel: 6737 4411 fax: 6732 2361
      42 words
  • BIZIT
    • Article, Illustration
      Lock icon Dell not upbeat on PC sales; Lexmark buy 'highly unlikely
      503 17 But PC maker has not changed its profit forecast for Q2 Bloomberg [AUSTIN, Texas] Dell Computer Corp said PC sales aren't improving and it probably won't acquire printer maker Lexmark International Inc. Dell isn't seeing signs of a pickup in
      Bloomberg  -  503 words
    • Article
      Lock icon IBM to take on Dell with new data-storage device
      140 17 Bloomberg [ARMONK, New York] IBM Corp will begin selling a lowerpriced data-storage device next month to compete with products from Dell Computer Corp. IBM will roll out the NAS 100, a pizza-box-sized storage server aimed at SMEs and branch offices of
      Bloomberg  -  140 words
    • Article
      Lock icon Secure e-mail created by Zixit launched here
      149 17 A LOCAL startup has introduced "a secure, affordable, easy-to-use e-mail that will keep e-mail private and safe". Called ZixMail, the service comes from Anantya Pte Ltd, a firm set up early this year. The product was created by US-based Zixit Corp. "ZixMail works
      149 words
    • Article
      Lock icon Computer Associates sues Quest for stealing trade secrets
      257 17 Bloomberg [CHICAGO! Computer Associates International Inc (CA) said in a lawsuit that rival Quest Software Inc is making business software with a source code stolen from a company that CA had bought. Quest and four former employees of Platinum Technology International Inc
      Bloomberg  -  257 words
    • Article
      Lock icon Netscape and Microsoft get patents invalidated
      372 17 A scientist was suing their clients for infringing his patents for Net tool Bloomberg [WASHINGTON] AOL Time Warner Inc's Netscape unit and Microsoft Corp won a court ruling on Tuesday invalidating patents owned by a scientist who was suing the companies' customers in the
      Bloomberg  -  372 words
    • Article, Illustration
      Lock icon 'Hotspots' seen hotting up here
      574 18  -  ilexclusive Singapore's market for wireless LANs will grow 26% annually till 2005, says a study. MUITUM reports CHEN HUIFEN SINGAPORE offers huge growth opportunities for public WLANs (wireless local area networks) or "hotspots", as they are commonly known despite the technology not offering any roaming
      Source: Frost & Sullivan  -  574 words
    • Article, Illustration
      Lock icon Following the flight of the China goose
      637 18  -  liicomment INFOTECH The old flying geese pattern Is broken, says WTCs Supach&L Time for a new flight pattern, or face a bumpy ride. kenneth james WHEN IBM Singapore held its biggest e-com-merce forum, IBM Forum 2002, last Tuesday, the keynote speaker wasn't someone
      637 words
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      180 18 I So it's no surprise when the Sun" ONE Portal Server offering a wealth of functionality such as strong is the Intelligent Enterprise Reader's Choice, application integration and mobile connectivity. H once again affirming its position as the preferred Together with our integration partners, the Sun" portal solution. Deployed in
      180 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      287 19 Reuters THE Baltic Dry Index (BDI) rose one point to 1,006, the Baltic Index (BPI) gained two points to 1,018, the Baltic Handymax Index (BHD fell 16 points to 7,507 and the Baltic Capes ize Index (BCD was up two points to 1,163. ITME-GSAXIBb Channel Navigator (built 1997)
      Reuters  -  287 words
    • Article
      Lock icon MARITIME STOCKS
      245 19 SH flSW* '990 Jw» w CWT Distribution—0.80 uneft 0 Cosco -0.01 180 FrKght Links 0.05 -0.01 10 G8 Holdings 080 -0.01 39 JayaHoMngs 0.26 unch 1226 KappatCorp 4.32 0.12 11«1 Kappat Marina 0.18 unch 80 KaopaiTaia 0.98 -0.01 59 Latvoy Marin* 0.3) unch 1055 Matafock 0.38 0.01 0
      245 words
    • Article, Illustration
      Lock icon Shanghai chalks up 31% rise in HI container volumes
      579 19  -  Port authority predicts fall-year figures will top a record 7.5 million boxes By] Beth Jinks [SINGAPORE] Shanghai port has continued its steep volume growth, handling 30.9 per cent more containers in the first half of 2002 than in the first six
      FILE PHOTO  -  579 words
    • Article
      Lock icon No Yantian port share sale: Hutchison
      201 19 Bloomberg [HONG KONG] Hutchison International Port Holdings, a unit of Hutchison Whampoa, denied a newspaper report that Yantian International Container Terminals Ltd plans to sell shares to investors in China. The Sing Tao Daily newspaper reported earlier yesterday, citing the China Securities Futures Journal,
      Bloomberg  -  201 words
    • Article
      Lock icon APL launches online credit card payment
      94 19 [SINGAPORE] Neptune Orient Lines' container arm APL has introduced an online credit card payment option for some shipping charges. Initially applicable to demurrage fees those related to additional container usage and storage of a customer's shipment shippers can now calculate the amount and pay
      94 words
    • Article, Illustration
      Lock icon Biggest ship ever to visit Aussie shores
      81 19 [SYDNEY] The largest container ship ever to service Australia, the P&O Nedloyd Botany, berths at Circular Quay in Sydney Harbour yesterday. The vessel completed her maiden voyage to Port Botany, south of Sydney on Tuesday, where she discharged cargo before making her way
      AFP  -  81 words
    • Article
      Lock icon S'pore, Hague, sign MoU on maritime cooperation
      190 19 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) will boost cooperation with its Netherlands counterpart after signing a memorandum of understanding (Moll) at the Hague. The MoU follows on from a letter of intent on maritime cooperation signed between the two countries'
      190 words
    • Article
      Lock icon MISC withdraws bid for India shipping line
      315 19 Shipping Corp of India does not fit into expansion plan: chairman Bloomberg [KUALA LUMPUR] Malaysia International Shipping Corp (MISC) said yesterday that it pulled out of bidding for Shipping Corp of India because the company does not "fit into" its plans to expand.
      Bloomberg  -  315 words
    • Article, Illustration
      Lock icon EU gets ready to dole out the cash
      764 20  -  MEWBUILDS -By] David Hughes IT so happens that none of this week's contracts is for a newbuilding at a South Korean yard. That is rather unusual because, although orders have been coming in more slowly since last year's US terror attacks, South
      FILE PHOTO  -  764 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      126 20 PACC Foooq Sun 5 BSA 6 Furtrara 6 B'tang Mas 6 Gemartrans 4 CMACCM 3 Hangli 4 COSCO 3 4 Columbus 5 Heung-A 3 Centra Ex 4 IRISl 5 CMnaShpg S Kin Hung 5 tt Cougar 5 Kyowa 6 i CVTGMwtinfc 6 KMTC 3 Delnws 4 Llwr
      126 words
    • Article
      Lock icon SHIPPING GUIDE
      11074 24 THEBUSINESSTIMES EXPORT ETA ETA AtfvwtHar Vnsd Voyage ETA ETA Advarttsar VnM Voyagt TiMkm n N w N*"* Nunn»f Number SIN D«» n Nm Nam* Numlwr Numb* 02/01 06/09 BSA TEIGNBANK SPIV 65******00 To ABIDJAN (ABJ) 2003 Co** D'I voir* 03/00 02/09 UASC NAJRAN CM) 65******* 19/07 23/01 CMA
      11,074 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        438 27 Vessel Voy No Berth Arrival Departure Jaranf Pari AIM* JB0702 J02 tV07/?OPOO 11/07/*****9 BAYSWATERHB E2167 J02 n/07/*****0 TV07/2023 59 81CEMPAXA 02 JUL-02 JOT n/07/2017 30 12/07/2005 30 BT 00* KSTU ***** JOT D/07/*****0 11/07/*****0 IT ERliNOAH ***** JOT 11/07/200*00 1V07/2OT600 IT M 2598 2202 JOT 11/07/200*00 11/07/2017:00 •I
        438 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1608 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO I VcsmI Out In Berthing On- Berth Nunc Voyage Voytgc berthing Nmbr uuc otiw mi« i>o7ooo2isoo 1******2-0*00 AOSAJTUftA BOB 00W 1407/7002 IS Hi *****002<»00 AUMIATAI MOB MCB llQW70a2 21C0 *****0MOMO TO *«00f cm crai mwwBif i«roimn« MBJNOONESI I8GW *****007'{.CO VOKTOCtf
        1,608 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        169 27 Jul 14 France: National Day Jul 15 Brunei: Sultan's Birthday Jul 17 South Korea: Constitution Day Japan: Marine Day Jul 20 Japan: Marine Day Jul 21 Belgium: Belgian Nat Day Angl Switzerland: National Day Aug 5 UK: Bank Holiday (Scot) An* 0 Singapore: National Day Aug 12 Thailand:
        169 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        791 27 THIS report, compiled by Cockett Ma rine Oil Lid. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the
        791 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        494 27 180 Mu 906 7 0.6 M.4 0.07 71 0.03 M D»nsrtr Water hsifc. mmmj+m SiWmut No above £25 0 0 0 0 0 0 380 Ave 981J 02 M.I 0.06 33 0.02 Eon 380 Mai 990.7 0.9 18.9 0.15 124 0.06 »m/m %M/M mi mtf* Wo
        494 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Air India to spend US$1.5b on new jets
        471 28 Current operations unpredictable due to old, unreliable aircraft Xinhua [NEW DELHI] With 22 flights cancelled in a month and 10 planes out of a fleet of 28 grounded for repairs over the past 45 days, Air India (AI) has plans to expand
        Xinhua; FILE PHOTO  -  471 words
      • Article
        Lock icon China Southern, 2 others invest in Sichuan Airlines
        248 28 Bloomberg [SHANGHAI] China Southern Airlines and two other carriers plan to invest 275 million yuan (5558.19 million) in Sichuan Airlines Co to expand their services in China's southern and western provinces, airline officials said. China Southern, the country's biggest carrier, will invest
        Bloomberg  -  248 words
      • Article, Illustration
        Lock icon France faces legal action over Channel Tunnel security
        292 28 Camp refugees board freight trains to get to Britain Reuters [BRUSSELS] The European Commission threatened on Tuesday to take legal action against France for failing to ensure free movement of goods through the Channel Tunnel due to security problems at a disputed
        Reuters; REUTERS  -  292 words
      • LOG Book
        • Article
          Lock icon Cathay to add NZ flights
          67 28 Bloomberg (HONG KONGI Cathay Pacific Airways, Hong Kong's largest carrier, said it will add three weekly flights to New Zealand between November and March to meet the typical seasonal increase in demand during the period. Cathay, which already operates daily flights to Auckland, will add
          Bloomberg  -  67 words
        • Article
          Lock icon Garuda to increase flights to Perth
          84 28 Oana-Antara [JAKARTA] Garuda Indonesia plans to increase its flight frequency to the Australian city of Perth to meet the rising load factor of Jakarta-Perth routes, a company official said. Garuda's recent market survey showed that the load factor of its Perth flight routes reached
          Oana-Antara  -  84 words
      • Article
        Lock icon US Airways, pilots yet to resolve key issues
        551 28 UMIOII WOES Job security, equity compensation still being worked ont Reuters [CHlCAGO] The pilots' union at US Airways tentatively agreed to a roughly 26 per cent pay cut to help the struggling carrier survive but said the key issues of job security
        Reuters  -  551 words
      • Article, Illustration
        Lock icon United Air mechanics, bag handlers reject pay cut
        494 28 Bloomberg [CHICAGO] United Airlines' union representing mechanics and baggage handlers rejected a proposed 10 per cent pay cut, in a setback to the carrier's efforts to end losses and get a US loan guarantee. The workers already are helping the world's secondlargest
        Bloomberg  -  494 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1802 28 PIT FUBff n* FUQtT n» UM* 8*7381 1840 BA7382 2215 —Mi M406 OCO w w» aw hMM www out uwks n kmtttrtam 5035 0*55 6*974 0130 W* 7 0435 5032* 1230 KL837 15V KIJ3S 2225 $025 0635 8*7305 2250 5024 2345 0*973 0850 0f5 2250 SO36
        1,802 words
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      442 20 I NORTH AMERICA QULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPfSSgttQ lOULF KARACHI EXPREH (OKX)~ vpsa voy im r-ST"! w rasa vot ma mm mm m 00a AMOtCA (IW2S 24/ M M?#/ iW ftONBUOTOJKM OK 03/07 M/ 07 M/ 07 14/07 OOdCAUKMNU 43W26 01/07 21/07 23/07 NBUOTONOOKN 04C 10/07 11/07 11/ i» *1/17
      442 words
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      60 20 WORLDGATE EXPRESS LINES PTE LTD 180, Cm! ttiMt, Bangkok Bank Bufcflng, «*Por» Q6PS46 HK Tei: *****911 Fax: *****073******63 Email: wgate©rnbox23ingnetcom.*g WEBSITE: hftp://www workfgaTe com sg "Calcutta pi Chlttagong COLOMBO 113/Q7 Ka r a c h i port louw 13/07 Bombay^^^PVj a( j ra TT>oowa/DH *^lj^ lgs|fpP| m£,U,W KARACHI/LAHORE 12/07 MADRAS/BANGALORE
      60 words
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      598 20 Ijtws servtces represented by Members of toe Registry of Members of the \pBPjtf Accredited Shipping Agents, Singapore Logistics Stngopore Shipping Association Association QJ ULY UNE MALE /vissa vor eta eta eta\ p.kuw6 sfott aau Princess Lily 0602 19/07 20/07 28/07 Empress Lily 0502 04/06 03/08 11/08 Princess Uly 0702 19/08
      598 words
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      797 21 TO USA (SAX SBtVKE) rasa voy sm ro lax oak dai hou cm cot mm ati nyc CANADA »061 17/07 01/01 OS/M 05/08 OS/M 05/09 06/0$ 05/00 07/00 07/00 Aft SCOTIANO HOC 24/07 01/01 12/08 12/01 12/00 12/00 13/00 12/00 14/00 14/00 mornm na 31/07 is/oo i»/oo 19/01 i»/oo if/oo
      797 words
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      1359 21 DIRECT CALL FROM S'PORI TO ran hunc. mum. nww «*i i74j» coniSrsmmNC pie ltd cw™*»OA) m»»w 41 fWL mwjms/'s I IAH9KOK, HO CM MM *«J. 13i Jmm 1 am M7I/IWMM ItOCINUJN) MWAM (0/0: ***** 704 473«531»/4t g JOMM'S OffKL rnimriiTini.il *****314/44 I lAEM CIIIAMCbiI 104 u> COSTU ASBKK w SMIND
      1,359 words
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      556 21 nit mmhm kl usm t KMT( HONGKONG MWI _IT/7_ 11/7 71/7 ?4/7 W1 30/7 mCJAJOUTU 2Q*S 12/7 l*/7 21/7 23/7 24/7 27^7 MTC KgLU»6 2IOW 24/7 2V7 21/7 31/7 2/1 t/B OQUtAC 04m 13/7 17/7 H/7 miCUISMI 210 M 131/7 1/1 4/1 7/1 f/1 fTviI| HTUWOAISftMTa 079S 11*/7 24/7 21/7
      556 words
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      674 22 HMUm^ HYUNDAI MERCHANT MARINE CO., LTD. Qt WO. *****H0000H ivesa wr sow un m ant wmi m ||vcsn vot so« lih ]na| un |wr SZ i?/« ,7/,/ /#7 asoumo 20/04 17/04 11/04 ~wi*~ U/05 AfISMDONTX IMW 04/1/ 11/07 13/07 74/07 Aft SIS IOM 11/04 17/04 14/04 IS/04 11/04 J"* #s
      674 words
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      481 22 *AN HA! i\m INTRODUCING!; NEW WEEKIY EXPRESS SERVICE sc^ >Jeddah HUB Weekly Express Tuesday sailing For more details, call HOTLINE: 1800-*****00 or *****588 J3* J5!! 51 m van umm m ASUUrtESS IMA SAJUDSAJUD 12/47 U/iT >«A 20/07 11/07 24/17 24/07 >1/00 JO/07 05 M 07/00 I n/M 17/01 ivs J™
      481 words
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      599 22 1 acsifs^ WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTW6 TO All NORTHERN AMD WESTERN ICO POINTS wm wt_ si pjumk com—oh. swva mi fin mpfm(M MB m m h* im ~MM UffUMM tl» ISM MM IM "IIM 34K nsmsm SOI7W 77M MM »M 31M ~Jm iqwbnmb maw mm 31 m <mk
      599 words
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      1105 23 IVKSSB. VOY KHH HKO I SIN PKL DX3 lAI T~DMM TMC IRAN TEHRAN PCI- 367 09/07 10/07 13/07 14/07 21/07 23/07 24/07 26/07 M.V. UNOAVIA PCL-268 16/07 17/07 20/07 21/07 24/07 29/07 31/07 02/04 «AN KEKMAN Pa -269 23/07 24/07 27/07 23/07 04/03 05/03 0703 09/04 ■AN ISFAHAN PCt-270 30/07
      1,105 words
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      513 23 UK CONTINENT SERVICE Lotting fer OCEAN OLYMPIC RDM/ATW/BMN/UK/NAN STARLING RDM/ATW/BMN/UK/NAN I Loads Singapore. E-/W Mlaya. Urtonaai MIDDLE-EAST SERVICE Loading lor ASPH-OS JDH/AQA/DMT FAVORfTA D6I/ABU/DOH/BRN/DMM/KWT AGIOS NECTARIOS DBI/ABU/DOH/BRN/DMM/KWT I TFIAD6R DBI/ABU/DOH/BRN/DMM/KWT PETROS R ADN/HDD/JDH/AQA ORHAN EKINCI DMT/JDH/AQA J j Toads Singapore, E7W Mjtayji. mdonaaa USA SERVICE J Loading lor 1 ANGARA
      513 words
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      501 23 iSTr^=^=%= ■Mil Mil lIIIMMM ifflllll IB £ife= JffiS«.T J®L *~rr- WSSa VOT ■fig r- ~ST~ »g I!i!!= -«sa m m m 5 wSJ"""" 1 "ftr lUUHiilfl nfMmi iiii »/>/ n/%i maSi um msi— 1 feHi m Sii SSP* PAC UMMA r>cc/M> is/oo n/t w/tt w/1> —"ffi— For SOC/COC Cargo Booking.,
      501 words
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      117 24 A LI NE_ W I Wy «1- ja-ij lrlr n»kTr>fc"f l[tT«n«i WHuit ALNoof 019E 13/07 24/07 31/07 01/08 ALNoof 019E 13/07 30/07 09/06 10/06 12/08 14/06 AlNoo* O'9E ***** 02/08 OMIT 15/08 T375§*****" Nturon QI9E 20/07 02/08 OMIT 13/08 15/08 17/08 Noirori IOI9E 120/071 07/081 14/08 I 15/081 Noiron 019E
      117 words
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      270 24 CWT GLOBEUNK PTE LTD W own of nets ,n TEL.*****833 (36 LINES) FAX.*****742 SYDNtYUILBOU*NfHNAMGrO*T KtLANG+ASM QUDANC KUCHING BANGKOK KARACHI BOMBAY M. MLHI-COIOMBOHO CHI UINH CITYHAIfHONGHANOI-BBfNItN-HANIBUBGriANJIN-OINGDAO SHANGHAI XIAMIN fUZHOU DALIAN XIAN BEIJING SHI HA ZHUANC VWVAU DIRECT SAILING TO: mmm mj&oMmmtt' _J&o MUMBAI (BOMBAY) KCAEW Delhi KOLCATTA (CALCUTTA) w— CHITTAGONG COLOMBO
      270 words
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      15 24 KEEP UP TO DATE ON TRENDS WITH THE LINER SCENE FORTNIGHTLY ON MONDAYS SHIPPING TIMES
      15 words
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      226 24 ieMi teA MYANMA five STAR UNE "Emxr wr sat m ra tm CHH StfWl WW UN SU> PAGAN VIO4W SU M •AUTMA: KNKTUO SMPMNG AGEIKKS ML 01-*****900 r*L 01-*****101 PBk 04-2*1240? BANK LINE «*rWc» »< AWr,w W* VF NORTHBOUND TO EUKOpj V CONIMNEK, ROtO, MUX i HEAVYIfTS mSa HH Pll
      226 words
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  • Page 27 Miscellaneous
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      Lock icon Page 27 Miscellaneous Column 1
      125 27 /Q^J legend Issued by Meteorological Services Division, NEA RC Thunderstorm Showers Ra' n Temperature jn( j and j n knots Cloudy Day Wea,her U Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j s,i 9 hl, <1 2m -»-—One half
      125 words
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