The Business Times, 14 August 2002

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg WEDNESDAY, AUGUST 14, 2002 MITA (P) 010/03/2002
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  • Article
    Lock icon MARKET SUMMARY
    74 1 sn l&SJta (+42.59) ST INDEX FUTC1ES U520UK) (+35.00) SDNS FT7TTJKES 1MJ0 (+5.10) STOCK MAUET INDICES Tu«day Changr KL8EOOMP 729-29 *r>*t NIKKEI 225 9.WM1 -W2I RANG SENO I0.IM.M *****4 SET INDEX JMU7 -Qj60 JAKARTACOMP _4MJ»7 *14* MANILA CO MP .1.12HI* ♦Mid TAIPEI WPI id 17.93 44.14 SEOTLCOHP 70K8S *1*14
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  • Article
    Lock icon FINANCE
    66 1 FOBEX BATES rs* ss I'SS (SSpa-l-SSl 1.750 S(1 SS/XSprrS) IJW6 tM El'R0(l 0-977 -1719 YEN" 1195 (7.70 RM l*N i|IW HK$ 4.4X2 BAHT 42.18 a»: RI'PIAH IV«S FUME 1ATE8 SINGAPORE* 516 Kl ALA LTHPL-R HONQ KONO i 125 JAKARTA B Ml TAIPtl TOKYO I Mi 8EDIX jj* FRAN KFITfT
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  • Article
    Lock icon Global FDI suffers biggest fall in over 3 decades
    516 1 Jetro sees further fall after 52.7% dive in 2001 sparked by IT slump AFP [TOKYO] Global foreign direct investment (FDI) in 2001 suffered the biggest fall in more than three decades, triggered by a slump in the information technology (IT) industry,
    AFP  -  516 words
  • Article
    Lock icon Asset bubbles as harmful as inflation: BIS
    522 1 Central banks most rethink monetary policy, says stndy Reuters [FRANKFURT] With implicit criticism of the US Federal Reserve, the Bank for International Settlements says it is time to rethink monetary policy and recognise that asset price bubbles can do as much harm as
    Reuters  -  522 words
  • Article
    Lock icon Dow swings up at noon
    101 1 Bloomberg [NEW YORK] The stock market edged higher, reversing early losses, as a government report on retail sales suggests that growing consumer spending is shoring up the economy. At noon EST, the Dow gained 31.99 points to 8,720.88. The Standard Poor's 500 Index rose 5.37
    Bloomberg  -  101 words
  • Article, Illustration
    Lock icon MPH to close its book on historic Stamford store
    394 1  -  r«lexciusive Chairman says store has outlived its location By Kalpana Rashiwala [SINGAPORE] MPH, the grand-daddy of Singapore bookshops, will close its historic flagship store in Stamford Road after almost a century when the lease expires in May next year. The listed
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  • Article
    Lock icon S'pore companies make headway in India
    596 1  -  P idexclusive HDB unit Cesma bags contract to design another Andhra township By Loh Hui Yin [SINGAPORE] Singapore companies are making inroads in India, the huge market that they are eyeing besides China. Among the latest to hit it off there is Cesma International,
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      94 1 INSIDE Top stories Markets jittery over oil price spikes. Next Page Singapore has enough crude oil for 45 days. Next Page SembLog's interim profit falls 53%. Pg 3 Centrepoint skybridge plan still up in the air. Pg 7 China Everbright Bank admits to accounting woes. Pg 14 S Korea punishes
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      15 1 u Confidence of investors must be rebuilt: Bush Pg 15 Clueless in Crawford Pg 8
      15 words
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      19 1 Fed interest rates Which way did US interest rates go? To find out, log on to http://business-times, asial.com. sg
      19 words
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      328 1 j^E Jl 5^ If V| u Interested in saving money on your overseas property loan? Since the start of 2001, the US dollar Federal Funds rate has been reduced an astonishing 11 times and has reached its lowest level in almost four decades. Similarly, the Sterling pound base rate has
      328 words
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      17 1 Andhra Pradesh seeks bidsforSEZ,Pg6 FXtCi.lTIVt MUNt-y The ElderShield dilemma Why may be wise not to opt uui
      17 words
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  • NEXT page
    • Article, Illustration
      Lock icon Oil price spikes give markets the jitters
      637 2  -  Fears mount of rising oil prices derailing the global economy Byy Ven Sreenivasan [SINGAPORE] Could rising oil prices do what terrorism and corporate accounting frauds have failed to accomplish bring the global economy and financial markets to their knees? That's the big question
      Source: Bloomberg; AP  -  637 words
    • ON THE grapevine
      • Article
        Lock icon Grounds for scepticism
        163 2 IS it or isn't it recovering? We're talking about the US economy, stupid. Yes, it is, say Alan Greenspan and the Bush administration, who have tried to downplay the recent spate of negative economic reports. No, it isn't, says the Gordian Group, a US company that advises
        163 words
      • Article
        Lock icon CPA—RIP
        29 2 WITH all the problems facing auditors nowadays after Enron, WorldCom, Xerox and Qwest the highly-regarded CPA or Certified Public Accountant is now said to mean Career Passed Away.
        29 words
    • Article
      Lock icon Corrections
      92 2 IN Monday's report "A look back at 8 months of corporate infamy", as a result of an editing slip, we erred in saying that Aon Corporation and El Paso Corporation have cither been convicted or fined for criminal or securities laws violations. They have not. And in yesterday's Company
      92 words
    • Article
      Lock icon Singapore has enough crude oil for 45 days
      392 2  -  It will cover power, transport, banker needs, say sources By\ Ronnie Lim [SINGAPORE] Singapore has enough oil to last an estimated 45 days at least should any US attack on Iraq cut Middle East crude supplies. The stocks will be able to
      392 words
    • Article
      Lock icon No minimum subscription sum for retail hedge funds?
      579 2  -  MAS seeks comments on proposed guidelines By I Siow Li Sen [SINGAPORE] The Monetary Authority of Singapore yesterday proposed slashing the minimum subscription amount for retail hedge funds in some instances to no minimum pretty much granting the wishes of the industry.
      579 words
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      334 2 Japan not worried about oil price rise or supply snags, Pg 15 I l NOEL NOEL GIFTS INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting ("KGM") of Nod Gifts International Limited (the -Company") will be held
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon SembLog's interim profit falls 53% to $36m
      455 3  -  Earnings actually up 40% if 2001's $43m exceptional item excluded By{ Conrad Raj SEMBCORP Logistics, the supply chain arm of the SembCorp Group, yesterday reported a 53 per cent fall in net earnings to $36.16 million for the six months to end June.
      455 words
    • Article
      Lock icon SembCorp H1 net profit seen lower
      167 3 SINGAPORE'S SembCorp Industries' net profit likely declined in the first half ended June 30, as the gov-ernment-linked conglomerate gained significantly less from asset sales compared with the year-ago period, analysts say. However, excluding exceptional items, the group fared better on the operating level, thanks
      167 words
    • Article
      Lock icon Writebacks help Intraco return to profits
      371 3  -  By I Serena Ng LISTED Intraco was back in the black for the six months ended June 30, posting net profit of $3.9 million boosted by a $6.5 million exceptional gain from writebacks and gains from the sale of investments. But it said yesterday
      371 words
    • Article
      Lock icon Making top guns more accountable
      638 3  -  lock siew angela tan BY today, the US Securities and Exchange Commission requires the chief executive officers and chief financial officers of 945 leading companies to have personally certified in writing under oath and for publication that their recent reports on their company's financial performance
      638 words
    • Article
      Lock icon No decision yet on chip-based ATM cards
      499 5  -  Bankers say any change would have to be industry-wide for it to work By I Serena Ng SINGAPORE banks have yet to decide on whether to convert their ATM cards and automated teller machines to incorporate chipbased technology, in the wake of a
      499 words
    • COMPANY Briefs
      • Article
        Lock icon LHT shareholding accord terminated
        45 5 LHT Holdings said yesterday that four management shareholders have agreed to terminate an agreement under which they had undertaken not to let their shareholding fall below 50 per cent. One reason cited was to help improve trading liquidity for LHT shares.
        45 words
      • Article
        Lock icon Payment deadline for Asia Pulp
        36 5 Bloomberg EXPORT-IMPORT Bank of the US and Indonesia's bank restructuring agency, Ibra, have demanded that Asia Pulp Paper Co complete a US$lOO million payment to an escrow account this month. Bloomberg
        Bloomberg  -  36 words
      • Article
        Lock icon Nucleus profit falls
        48 5 Reuters NUCLEUS Electronics says net profit for the six months to June 30 fell to $241,000, from $666,000 previously. Earnings per share were down to 0.15 of a cent from 0.41. Turnover rose to $56.4 million from $25.17 million. There was again no dividend. Reuters
        Reuters  -  48 words
      • Article
        Lock icon Progen H1 earnings up 17.6%
        51 5 Reuters d -r w PROGEN Holdings says interim net profit was up 17.6 per cent to $385,000. Earnings per share rose to 0.14 of a cent from 0.12. Turnover was $3.89 million, down from $4.48 million. Like in the previous interim, no dividend was declared.
        Reuters  -  51 words
      • Article
        Lock icon Vicom improves Q1 profit
        33 5 VEHICLE inspection company Vicom's lifted net profit 16 per cent to $1.45 million in its first quarter ended June 30. Turnover was 4.2 per cent higher at $4.26 million.
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    • Article
      Lock icon Trek bags another order from IBM
      290 5  -  By erena Ng HOMEGROWN engineering services provider Trek 2000, which upgraded its listing to the mainboard from Sesdaq a month ago, yesterday said it has clinched another deal with US computer giant IBM for a second line of thumb-sized mobile storage devices. The company's
      290 words
    • Article, Illustration
      Lock icon OCBC aims to be market leader in credit cards
      334 5  -  OCBC-Robinson co-brand credit card launched Byy Ven Sreenivasan OCBC Bank is aiming to distribute about half a million of its new credit cards over the next two years, making it the market leader in credit cards in Singapore. Bank officials revealed
      ARTHUR LEE  -  334 words
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      23 3 Tel: A2Q7 2529 Fax: 62 .>7 I >S0 www.allMn7.com.si* y e mail: askme<" alliaru.<om.su Allianz Group. Leadir»s Global Insurer and Asset Manager. L—
      23 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      308 4 OTHER SINGAPORE INDICES Aug 13 VALUE CLOSE ST(MMDS -240.00 +47.00 BTCAM -*****.00 +96.00 -*****.00 -24.00 Ai-SG EqhMM 410.27 +9.46 SG Equities B»ct 117.69 +2.26 1343.95 +45.45 SCI>*ImP|»P 405.81 +11.41 MQSippm 191.37 +5.86 SMSCfFrtra 190.60 +5.10 Stocks Vq^im Cltiraya 2.5c 64.258.000 SingTel 15c 28.314,000 Mentor Media 21,690.000 Chart Semiconductor 26c 10,950,000
      308 words
    • Article, Illustration
      Lock icon Weighing the odds far a return of US$ weakness
      825 4  -  view CURRENCIES Factors include fundamentals, the weight of positions and relative value in global bourses larry wee IT'S been hard to know whether we've been coming or going lately. First we saw the US dollar recover smartly as Wall Street sagged.
      825 words
    • Article, Illustration
      Lock icon STI up 43points but brokers are sceptical
      803 4  -  I comment STOCKS Few see index's gain as a fundamental shift in market sentiment r. sivanithy IF you dress up the books to inflate earnings and hoodwink investors, you run the risk of being made personally liable and going to jail if you're
      803 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2801 4 UNIT TRUSTS FUNDS Com GJobal Travel lnde» Fd 0.697/ Com S'pore Bond Fund/* 1.05* MN Amro tact Mgt (S'pore) CradH Agncole Awl Mgt S'pore Ltd Star Europe Eoty!" 063/ Indocam Asia Vi5ionl•• 0 812/0.854 Star Europe Bd 1 052/ Star Europe Bat 0.821/ D8S Aaet Mot ZZZZZS?**' ?25£ Shenton Twin
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      189 5 INITRUMINTI FOR Jlfl I it let ft Srrncr Crntrr l\ 1 435 Otrlurd RomL ri 7-02/03 Wiunj Atria. Singapore 23*8 TcL *732 *347 I K Tfil PROM NOW TILL 31MOIIST 2002 w A y V llaltii f—N w<rtl«l 'MBB .-AM' H \f f f From: 320 V k VI I
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Andhra Pradesh seeks bids for SEZ
      480 6  -  Indian state's chief minister offers incentives for 'strategic partner' Byi Vikram Khanna THE southern Indian state of Andhra Pradesh is seeking bids from Singapore companies to build, own and operate a Special Economic Zone (SEZ) near the port city of Visakhapatnam. This would be
      480 words
    • Article
      Lock icon $21,000 raised for BT fund for maid so far
      233 6 THE BT-Muawanatul Fund, set up to collect donations for the family of the late Indonesian maid Muawanatul Chasanah, has raised $21,280 so far. Since the fund's launch last Friday, we have received donations from the public as well as from BT
      233 words
    • Article
      Lock icon Queue starts to form for Pasir Ris EC
      209 6 CITY Developments yesterday flashed an SMS alert to those who registered for The Esparis executive condominium. The message read: "The Esparis EC alert: informal queue now forming outside showflat." Booking for the 274-unit Pasir Ris EC starts on Sunday. There will be
      209 words
    • Article
      Lock icon Centrepoint skybridge plan still up in the air
      554 7  -  |:il exclusive Chief Valuer awaits details of bridge's floor area to carry oat assessment By. Andrea Tan IT has been almost two years, yet Centrepoint Properties has not resolved the prickly issue of building a second-storey link joining Centrepoint and Orchard Point
      554 words
    • Article
      Lock icon Only modest wage rises expected this year: survey
      487 7  -  on the economy wages Total increases likely to be 0.5% for managers/execs; 1.3% for non-execs By, Eugene Low THE economy may be recovering, but don't expect much of a pay rise this year. Basic wages are likely to increase only 1.3 per
      487 words
    • Article
      Lock icon MD of Duraco jailed for false claims
      207 7  -  By* Arthur Poon THE managing director of Duraco Industries (Pte) Ltd, Keith Tan Khi Wie, has been sentenced to 18 months' jail for false claims under Spring Singapore's Local Enterprise Technical Assistance Scheme (Letas). Duraco. which is in the electroplating business, applied for
      207 words
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      1068 6 Deloitte Touches Introduction to SEMINAR OBJECTIVES SEMINAR OUTLINE Auditing SAP R/3 is a comprehensive The participants will gain an understanding The workshop is highly participative, five-day workshop that covets the ma,o, of major SAp m Moduks d discussions and a series and key controls wtthm the issuK rcbting thcm sptcificll
      1,068 words
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      1592 6 'AwL/ r> NOTICE TO CREDITORS OF &ua Boustead Singapore Limited JSSSR, (Incorporated in the Republic of Singapore) NETUFE SINGAPORE PTE LTD (IN LIQUIDAnON) 151? Notice of Annual General Meeting C< 2£2£?Ss& U Notice is hereby given thot the first NOTICE IS HEREBY GIVE* mat the Annual General Meeting of Boustead
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      561 7 Yomeishu. As good for you today, as it has always been. Yomeishu is made from natural herbs The Yomeishu recipe for good health Sokan Shiozawa originated Yomeishu in 1602. He gathered \MM special natural ingredients, whose medicinal benefits had long j] V SgSp been recognized in the Orient. Throughout its
      561 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Opening up a new front: the boardroom
      770 8  -  Pl.'i=l I bottom line OPINION frank ching The writer is a Hong Kong-based journalist and commentator PRESIDENT Chen Shui-bian's declaration that there are two countries on the Taiwan Strait's two sides couldn't be any clearer. This, coupled with his support for legislation for
      770 words
    • Article
      Lock icon IN OTHER WORDS
      63 8 'It's hard to get onto a board, but it's really hard to get off.' -Victoria H Medvec a Kellogg management professor at Northwestern University, at a training course for corporate directors. 'Once the Japan conquering story broke apart, the Japan stumbling story was less interesting.' Roger H
      63 words
    • Article
      Lock icon Brighter but still cloudy outlook
      643 8 EDITORIAL SOME see the glass as half-full, others as halfempty. That might be oversimplifying things, but, clearly, a perception gap has resurfaced on Singapore's economic front To many economists, the surprise in the second quarter (Q2) economic results isn't so much the good numbers fastest
      643 words
    • Article, Illustration
      Lock icon The politics of purity
      986 8  -  Rather than fearing a cultural erosion, all Malaysians should regard English as a unifying force a good grasp of which will serve them well globally By Karim Raslan The writer is a Kuala Lumpur-based lawyer and author THE growing furore in the Malaysian Chinese community concerning
      AFP  -  986 words
    • Article
      Lock icon Clueless in Crawford
      640 8  -  COMMEMTARY Tbe Bushies still exalt companies like Cisco. Won't they ever learn? By] Paul Krugman The writer is a professor of economics at Princeton University NYT YESTERDAY, at the Waco economic forum during the Bush retreat', the administration tried to convince the country that everything was under
      NYT  -  640 words
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  • REGIONAL news
    • Article
      Lock icon Cheung Kong ups the stakes
      569 9  -  It targets owners of govt flats for Banyan Gardens phase 2 project Frotni Audrey Tan in Hong Kong CHEUNG Kong yesterday upped the stakes in the property price war, by saying that it will focus on existing owners of subsidised government flats for its Banyan
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    • NOTE Book
      • Article
        Lock icon M'sia rating may be upgraded: S&P
        62 9 Reuters [HONG KONG] Standard Poor's said yesterday it was possible that Malaysia's sovereign rating could be upgraded in the next six months on the back of its strong fundamentals. "It is possible," Takahira Ogawa, S&P's director of sovereign ratings for Asia-Pacific, said when asked
        Reuters  -  62 words
      • Article
        Lock icon S'pore bank to fund coffee scheme?
        79 9 Reuters (JAKARTA] A Singaporean bank is ready to finance plans by Indonesia and Vietnam to hold back coffee stocks, a move they hope will get prices out of the doldrums, the Indonesian Coffee Exporters Association said yesterday. Its chairman Hassan Widjaja said the bank
        Reuters  -  79 words
      • Article
        Lock icon Time dotCom's CEO resigns
        44 9 Dow Jones Newswires [KUALA LUMPUR] Malaysian telecommunications company Time dot Com Bhd said yesterday its chief executive has resigned. Time dot Com CEO Robert Fox will, however, remain in the post until Aug 31, the company announced. Dow Jones Newswires
        Dow Jones Newswires  -  44 words
      • Article
        Lock icon Nod for M'sian developer's debt plan
        46 9 Bloomberg [KUALA LUMPUR] Land General Bhd, a Malaysian developer, won support from bondholders at the second attempt to push through a plan to reorganise as much as RM6B6 million (*****.6 million) of debt, the company said in a statement. Bloomberg
        Bloomberg  -  46 words
    • Article
      Lock icon Dr M expects Bakun dam contractor to be picked soon
      336 9 ■KUALA LUMPUR He describes surge in power usage as 'frightening' Dow Jones Newswires Reuters MALAYSIAN Prime Minister and Acting Finance Minister Mahathir Mohamad yesterday said the choice of a contractor for the Bakun dam project in Sarawak would have to
      Dow Jones Newswires; Reuters  -  336 words
    • Article, Illustration
      Lock icon Crisis in Manila as powerful minister quits
      353 10 MANILA Arroyo plans to woo back Roco who quit in protest against corruption probe Reuters. AFP PHILIPPINE Education Secretary Raul Roco, a powerful rival of President Gloria Arroyo, resigned yesterday, plunging the administration into its second political crisis in six weeks. But a
      Reuters.; AFP; REUTERS  -  353 words
    • Article
      Lock icon Bangkok may sell 30% of BankThai offer to foreigners
      238 10 BANGKOK European investor interest prompted move, says report AFP THIRTY per cent of staterun Bank Thai pic's planned offer of 700-750 million shares at the end of October is likely to be sold to foreign investors, a report said yesterday. An
      AFP  -  238 words
    • Article
      Lock icon Niaga share sale may be stopped
      149 10 JAKARTA Bloomberg INDONESIA will halt the sale of PT Bank Niaga shares on the stock market if the price drops below 30 rupiah. "We met with the Parliament early August, and agreed on the 30 rupiah price threshold," said I Nyoman Sender, deputy chairman
      Bloomberg  -  149 words
    • Article, Illustration
      Lock icon China Everbright Bank admits to accounting woes
      688 11 SHANGHAI Some problems occurred in 2000; others inherited in a 1999 takeover CHINA Everbright Bank, the country's sixth-largest commercial bank, said yesterday that it had accounting problems, lifting the lid on another in a string of scandals unveiled by a government crackdown on
      REUTERS  -  688 words
    • Article
      Lock icon PCCW may cut wages by 30%: union
      241 11 HONG KONG Bloomberg PCCW Ltd. which has fired more than 1,000 workers since July 2001, may cut salaries and benefits by about 30 per cent as soon as this month, a union representative of the company said. "We heard the wage cut would
      Bloomberg  -  241 words
    • Article
      Lock icon Shanghai Brilliance denies chairman's arrest
      127 11 SHANGHAI Dow Jones Newswires SHANGHAI Brilliance Holdings yesterday denied rumours being reported in the local press that its chairman, Yang Rong, has been arrested. State-run China Business Times reported yesterday that such talk was circulating. An official at Shanghai Brilliance's executive office said the rumour
      Dow Jones Newswires  -  127 words
    • ASIA Notes
      • Article
        Lock icon GeneMaster plans US$1b China park
        88 11 Dow Jones Newswires [BEIJING] Taiwan's Gene Master Co is planning a US$l billion biotechnology science park in the eastern coastal city of Tianjin, according to a report in the Business Weekly. The development zone's production output will be worth 100 billion yuan (5521.1 billion) within
        Dow Jones Newswires  -  88 words
      • Article
        Lock icon HK trade by sea down 8.9% in H1
        87 11 Reuters [HONG KONG] The value of Hong Kong's external trade by sea totalled HK$5lB.B billion (Ssll7 billion) in the first half 0f2002, down 8.9 per cent over the same period in 2001, the Census and Statistics department said yesterday. Trade by sea
        Reuters  -  87 words
      • Article
        Lock icon Taiwan's ASE okays stock options
        61 11 Reuters [TAIPEI] Taiwan's largest microchip packager Advanced Semiconductor Engineering (ASE) said yesterday its board approved a plan to set aside 160 million shares for employee stock options. ASE told the Taiwan Stock Exchange in a statement that employees at the company and its affiliates are
        Reuters  -  61 words
      • Article
        Lock icon Frigate deal stopped coup: Teng-hui
        69 11 AFP [TAIPEI] Taiwan's former president Lee Teng-hui believed the military could have launched a coup in 1991 had he not given the go-ahead for the purchase of six French-built frigates, a newspaper reported yesterday. According to details of a probe into Taiwan's worst military kickback
        AFP  -  69 words
      • Article
        Lock icon India's Sardas family bids for BSL
        71 11 Dow Jones Newswires [NEW DELHI] The Sardas family has mounted a hostile takeover bid for textile company BSL Ltd, according to a report in the Business Standard. The Sardas own a 11.86 per cent stake in BSL. Kolmak Chemicals chairman Ghanshyam Sarda confirmed he
        Dow Jones Newswires  -  71 words
      • Article
        Lock icon H1 profits of China IT firms down 11%
        107 11 Dow Jones Newswires [BEIJING] The profits of China's major electronics manufacturers accelerated their decline in the first half 0f2002 due to intense competition and a weak global economy, according to a recent government report. The total profits of China's 100 largest electronics
        Dow Jones Newswires  -  107 words
      • Article
        Lock icon Hutchison to launch 8,000 China flats
        83 11 Dow Jones Newswires [HONG KONG] Hutchison Whampoa Property plans to launch about 8,000 apartments for sale in China in the next two years, according to a report in the Standard. The company is expected to complete around 4,000 apartments on the mainland in each
        Dow Jones Newswires  -  83 words
    • Article
      Lock icon S Korea punishes UBS, Merrill for market leaks
      330 12 SEOUL Unprecedented crackdown mirrors actions being taken by US authorities AFP, Reuters SOUTH Korea yesterday ordered unprecedented sanctions against top foreign brokerages ÜBS Warburg and Merrill Lynch for leaking market-sensitive information to favoured clients. ÜBS Warburg received a "severe disciplinary warning" implicating
      AFP,; Reuters  -  330 words
    • Article, Illustration
      Lock icon Most Asia-Pac consumers upbeat: MasterCard poll
      244 12 SINGAPORE AFP MOST consumers in the Asia-Pacific region remain upbeat despite the gloomy economic environment and political upheavals around the globe, a MasterCard survey yesterday indicated. A bi-annual poll of 5,406 consumers in June showed that those in nine economies out of the 13
      AFP  -  244 words
    • Article
      Lock icon Devaluation of won points to big changes in N Korea
      260 12 BEIJING AFP NORTH Korea has massively devalued the won and abolished a special convertible form of the currency, indicating landmark economic changes in the secretive state, residents said yesterday. The devaluation, started in recent days, has slashed the value of
      AFP  -  260 words
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      113 9 m |H&'. everything. We bring out Private Banking Markets, Wealth I you name new where To have a dialogue with us, call (65) 6227-9188 or visit us years B^F Capltal s< l uarc 23 Church Street, Singapore *****1 CIIIQ TOU P J in asia private bank Ninety offices in fifty-eight
      113 words
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      1944 9 raye AVAPLAS LTD (Incorporated in the Republic <>4 Singapore! Notice of Annual General Meeting and Notice of Books Closure Date Notice is hereby given that the Annual General Meeting of the Company- will he held at Le Mcridien, C hangi. Casuarina Koom level Jon 10 August 21X12 at 11.10 am
      1,944 words
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      617 9 ADVERTISEMENT UNDER SECTION 76(10)(h) OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of 33 Boat Quay Pte Ltd ('3380') held on 12 August 2002, the following special resolution was passed SPECIAL RESOLUTION Pursuant to Sector 76 of the Companies Act Cap SO.
      617 words
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      1733 10 i Headquartered in London. HSBC" Holdings pie is one of the largest banking and finaneial services organizations in the world with a network of some 7.(KH) ofTiees in 81 eountrics and territories. The 2002 Interim Report will be sent to shareholders on 16 August 2002 and is available on the
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      137 11 mKm <i t ——jr I I 4> H |jj. Fost, faster, or fastest. You decide. After all, no one knows how urgently you need something delivered more than you do. And with our new air hub in the Philippines, UPS offers you the widest choice of delivery services, like overnight
      137 words
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  • Article
    Lock icon FINANCE
    1105 12 Transaction date: A ug 13 DtTBRBAMK CROSS RATES AS C$ »wt tar» HKS ladfe lupUfe Vow Won HI Mb SS Umi Sir MT$ 8*t Powd jgj Australia 0.846 4.460 0.550 4.192 26.122 47.626 0.641 6.449 2.042 LI66 11.978 27.931 0.946 5.637 0.806 18.182 22.670 0.352 0.537 C*n«U 1.181 5.269
    1,105 words
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    Lock icon COMMODITIES
    1535 12 SICOM FUTURES RUBBER Futures (Closing prices) RSS1(ScertsAg) Close Volume Open Month H|g|! Low Sett (tonnes) Interest Sep02 ***** Oct 02 J5225 Nov 02 ,52.25 Oec 02 152.25 RSS3(UScentsAg) Volume Oomi Mowttl Low Sett (touts) Interest £P0* 86.75 86.75 86.75 25 1375 Oct 02 83.00 82.75 85.50 400 1450 Nov
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      32 12 I r X*. I ifS ''t^^' I > u<'rf> X& y ?rything from |f|5 conversational French to antiques, find them all in The Straits Times Classified. 0*jj C-A-T?-Buy It Sdl it Find It
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  • WORLD news
    • Article
      Lock icon Nasdaq on brink of ending its tie-up with Osaka bourse
      657 13  -  But Nasdaq name may continue in Japan with a brand name lease to OSE Prorn. Anthony Rowley in Tokyo AFTER a brief and unhappy marriage with the Osaka Stock Exchange (OSE), the US-based automated share dealing market, Nasdaq, may be
      657 words
    • Article
      Lock icon Japanese companies woo investors with quarterly results
      317 13 TOKYO Until now, most firms have reported on an and half-yearly basis Reuters AT a time when trust in corporate accounts has ebbed to new lows globally, an increasing number of Japanese companies have started to report earnings on a quarterly basis, hoping
      Reuters  -  317 words
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      Lock icon Confidence of investors must be rebuilt: Bush
      532 15 CRAWFORD, Texas He says best way to do this is to arrest more corrupt executives Dow Jones Newswires AFP. Blg. Reuters PRESIDENT George W Bush said on Tuesday that more steps need to be taken to rebuild investor confidence in the stock market
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      Lock icon Company lawyers must report abuse: SEC
      345 15 WASHINGTON They represent the firm and not its managers, says Pitt Bloomberg, Dow Jones Newswires THE Securities and Exchange Commission, complying with a new federal accounting law, is preparing rules that will require company lawyers to report evidence of misconduct to corporate boards, SEC
      Bloomberg,; Dow Jones Newswires  -  345 words
    • Article
      Lock icon Japan not worried about oil price rise or supply snags
      417 15  -  Fromi Anthony Rowley in Tokyo JAPAN is not worried about the recent runup in oil prices linked to rising tensions in the Middle East, and it is confident that the danger of supply interruptions in the event of the US
      417 words
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      Lock icon Car sales help boost US retail figures in July
      259 15 WASHINGTON Reuters, Bloomberg US retail sales rose in July as consumers flocked to auto showrooms, lured by special financing offers, the government said in a report. The Commerce Department said that retail sales advanced 1.2 per cent in July to a
      Reuters,; Bloomberg  -  259 words
    • WORLD Watch
      • Article
        Lock icon American Airlines to oat 7,000 jobs
        73 15 Bloomberg [FORT WORTH, Texas] AMR Corps American Airlines, the world's biggest airline, plans to eliminate about 7,ooojobs, or 5.6 per cent of the workforce, by March and trim its fleet following record losses since the Sept 11 attacks. It expects to save US$l.l billion
        Bloomberg  -  73 words
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        Lock icon Vivendi may take 10b euro Q2 charge
        75 15 AFP [PARIS] French media conglomerate Vivendi Universal is to absorb a second quarter charge of up to 10 billion euros (5517.1 billion) to cover asset depreciation, forcing it to report a big loss for the period, the Wall Street Journal said yesterday. The
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      • Article
        Lock icon Wal-Mart Q2 earnings rise 26%
        56 15 Bloomberg [BENTONVILLE, Arkansas] Wal-Mart Stores said second quarter profit rose 26 per cent. Net income increased to US$2.O4 billion, or 46 cents a share, from US$l.62 billion, or 36 cents, a year earlier, the company said. Sales rose 13 per cent to U5559.7 billion in
        Bloomberg  -  56 words
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        Lock icon UBS sees profit decline this year too
        75 15 Bloomberg [ZURICH] ÜBS AG said earnings in 2002 will decline for a second consecutive year after slumping stock markets caused losses at its buyout unit, and eroded profits from investment banking and money management. Its second quarter net income fell 4 per cent
        Bloomberg  -  75 words
      • Article
        Lock icon Japan revises GDP data format
        58 15 Reuters [TOKYO] Japan will release closely watched gross domestic product data on Aug 30 under a revised format which aims to provide a more accurate and timely picture of its economy. Economists expect the revisions to show the economy grew in April-June for a second
        Reuters  -  58 words
      • Article
        Lock icon Son unveils Linux server
        47 15 Bloomberg (SAN FRANCISCO] Sun Microsystems introduced a machine that runs on the free Linux operating system and Intel chips. Sun's LXSO server can run on one or two Pentium 111 chips and include Sun's own Solaris operating system or its Linux version. Bloomberg
        Bloomberg  -  47 words
    • Article
      Lock icon Exxon bigger than Pakistan: survey
      532 16 GENKVA Nearly a third of the world's top 100 economic entities are companies Reuters. AP TWENTY-NINE of the world's 100 leading economic entities are companies, with the largest oil giant Exxon Mobil Corp bigger than the economy of Pakistan, a United Nations survey showed on
      Reuters.; AP  -  532 words
  • Page 13 Advertisements
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      20 13 fijvFMl SI Lianhe Zaobao 8 I Listed I I companies I I with I women atthe helm I I ±ifi&g|
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      254 13 vV T 'v ttKZ- j£-fT* y ~tr<(J <V v "*'>'l;*~ j rsjv^~y _'?Tv .-vJft lt*<T 1-; v C)ON f**f rl P ftPltSfflP RF P) PIPPP J V L. r\ u. L/. fl lyi i '•.JHBL, /cf JV? 1 *qg rr-'v v■/ 90 Health Sciences Authority is proud to be conferred
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  • Article
    Lock icon STOCKS ASIA
    5483 14 Tratisaction date: Ana 13 for more, go to uvv m \asUumm ma rketsx-om HONG KONG Hutchison Wh«Knp(M Si SO 1 SO 7S42 Vol HysanDev 7 05 0 10 417 MM 000 Interchina Hl.iqs 0 69 i*Kh 295 Ml Bank of Asia 1 87 0 04 269 Atros&Aud Mutttmedid
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    Lock icon KLSE
    2489 14 Transaction date:Aug 13 H KUALA LUMPUR FraserftNeave 3 60 unch 8S y 0 l FSBM 2.01 unch 1 RM COOO) FW Industries 0.23 unch 0 Gadang 112 -001 7 ASM Realt, .097 001 3 Gamuda 5.95 0 05 2253 Atone..— 158 004 64 GanadCorp .0.80 001 1 ACP Industries
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    Lock icon SGX
    809 14 Transaction date: A ug 13 Smg foreign t nodes Vjiut citcutitrd uung Mondiyt (ictungt rmi a— On «»ct—■» 1 Ow OkMfi 9*C 0M 340 *0.020 NatStMt 50c 0.J7 1700 *0310 CaprtaLand 131 1.450 *0.050 03C 934 ***** *0)00 Chart ScmCond 26c 108 2 550 -0.030 Out 0.57 7.000 C*»
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    Lock icon BONDS & WARRANTS
    610 14 BONDS WARRANTS Up*? l*« M(m Um OiK mam r 1 —>• (TtWEWf Wu \Ci— 1 Lrh *snw««0U« 20s I It w no ZI Acm4ltdMM4U1i .15 1 SO 636 467 27 A«nW4VKB06IO BS 15 »l 1 JJ 2 117 34 AnnrtrungWAMOUO 15 1 10 «09 3 67 21 fcc bVSAOKKn 10k
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  • Page 15 Advertisements
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      301 15 4/\ T¥T| Q||«] f yi Presented Diners Club Credit Card To apply, call: 6416 0980 TTIICIC IU TTIIIC* UlllC allU Cllltl UlllliM b: Mb~Jß|| A World of Exclusive Privileges Treats wmo-mou. www.diners.com.se *W international Cafe Vanda is the place to be for the choicest array of lunch and dinner buffet
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      174 15 ■ww 'LJ- f a RMI: itTO rfffFfTlifM'l i-l 1-flWt f ,i I now tilt 31 August 2002. f| I Discount shall be i deducted from the bill js I Not valid with any other dis- AUftih I count, voucher or promotion V f Please present this adverI tisement before ordering.
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      124 15 Pinner Ala-Carte Battel Be enticed by our Lobster, Shark's Fin, Seafood Dinner Ala-Carte Buffet! Indulge in over 55 items to choose from, our ala-carte buffet is a must-try at such reasonable prices! From 6.30pm to 9.30pm $28 Nett for Adult $16 Nett for Child (10 years and below) (Surcharge of
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      119 15 Temptation abounds at our excellent lunch spread featuring Smoked Salmon. Garoupa. Tuna Loin. Sushi. Maki, Seafood. Meat and local favourites. AUGUST SKCIAL Popular Singapore Hawker Food Corner featuring Chicken Rice, Bak Kut Teh. Ciaypot Curry Fish Head and Laksa Monday Friday $23 per adult. $14 per child Saturday. Sunday Pubtk
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      61 15 I AWARD-WINNING IMPERIAL COURT DINING At Pine Court Chinese Restaurant Reservations: 6831 6262/66 CHINESE WSHIKAVT Uasxiarift Lll Sinaanarr A ..rm 333 Orchard Road. Singapore *****7 Tel: 6737 4411 Fax: 6732 2361 AN EXCLUSIVE 1 DINING EXPERIENCEI Distinguished by impeccable service, luxurious surroundings and a superb selection of regional Chinese cuisine,
      61 words
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  • Article
    Lock icon SGX MAINBOARD
    6506 16 Transaction date:Aug 13 for live prices, log on to unm \asiaoiiema rketssom 52 Wk Lvt Vol Day Last Quote GrOte 0t» CrVW Net MCm> WIAk NMI La» Co HI my Sate f«IO) W# lam Bwyw Safcr Cm HI lui Price ABNAmroNLG 56c 9 12 1.4 141* 20 5
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    Lock icon SGX XTRANET
    64 16 U« W Day UBOwott GfOhi Oh GrVW MM MCjf *rtA^ U» Ciwpwi Ml W rmm MN» U» Win Cw HI v3 Ma 103J0 7770 Diamonds US7770cd S800 J230 s ISDJUSTech U***** 170 0 3230 1230 575 MO s rs MSG Spore US575 tl«0 9870 s ISSAP500 US***** *****
    64 words
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    Lock icon SGX SESDAQ
    1638 16 MM V4 Day UrtQmte GrOry On GrVW IMt MCap W1A»g Ciimi Ml w r«M| W0, U» Payr Seier Cw HI M Ma M 12 c ABRHIdgsSc 135 5 M 245 12cAPO.I5c IB 17 19 5 11.5 U 7 6 158 18 as 27 5 c AS Auto 10c
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    Lock icon CLOB INTERNATIONAL
    407 16 U-M Last V*i 0*y LKt Quota GrMv DK GrTW Hat MCay Mfk Lm (Mf«) LSala jW- HI U» B»y Whr Cwr HI SJ US K A V Jennings A25c A 94 5 *1 38 94 5 93 5 94 5 95 40 3.4 10.6 5 5 2034 Cathay
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  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      377 16 CRYPTIC CROSSWORD ACROSS n [2 [3 [4 [5 [6 HH? Hffi 1 Song-singer's presentation BB found quite absorbing (10) HI BB I 9An American detective about PH BB_JH BB BB J fifty ran off (4) 10 10 A businessman has to study HI a farmer's requirement (10) 1 Suffering as
      377 words
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  • BT motoring
    • BUMPER to BUMPER
      • Article
        Lock icon Beware, J-Eyes are watching you
        110 17 WATCH what you do while on the road. The Land Transport Authority is installing more electronic eyes at junctions. To date, Junction Electronic Eyes cameras—or J-Eyes for short are monitoring 105 locations. And by end-2004,235junctions will be equipped with J-Eyes. Besides checking traffic conditions at
        110 words
      • Article
        Lock icon Dealers grow bolder skirting roles
        195 17 DESPITE the Monetary Authority of Singapore saying it frowns upon traders who circumvent the 30 per cent down payment for new car purchases, low-downpayment schemes continue to thrive. Not only that, they seem to be getting bolder. One motor dealer advertised at the weekend a
        195 words
      • Article, Illustration
        Lock icon LTA website gains popularity
        98 17 THE Land Transport Authority's motoring website, www.onemotoring.conusg, has received about 10.6 million visitors since it was first up barely 18 months ago. That is close to 20,000 visits per day—easily exceeding the 20,000-a-week rate the site registered in its first month. Besides providing a wealth of
        98 words
      • Article
        Lock icon Buddhist messages to inspire drivers
        136 17  -  Compiled byC Christopher Tan IN a bid to teach Bangkok motorists traffic etiquette, Thai officials are urging them to adopt Buddhist ethics of compassion and patience when they get behind the wheel, the Bangkok Post reported. Rash driving is a major cause of deaths on
        136 words
    • Article, Illustration
      Lock icon End of the road here for TD 2000
      249 17 CYCLE Carriage Ltd (CCL) has stopped distributing TD 2000 cars, just over a year after it secured the agency making it one of the shortest-lived franchises around. A section dedicated to the made-in-Malaysia replica classic, based on a popular MG model of
      249 words
    • Article, Illustration
      Lock icon More cars scrapped in H1 than expected
      489 17  -  Bat opposite happened with commercial vehicles and motorcycles Byi Christopher Tan THE number of cars deregistered in the first half has once again exceeded expectations. This could well mean that more COEs would have to be released later this year. Vehicle deregistrations influence
      BIG FISH PUBLISHING  -  489 words
    • Article, Illustration
      Lock icon Parallel importers capture record 8.5% market share
      298 17  -  All reports by Christopher Tan PARALLEL importers continue to enjoy a healthy slice of the market, apparently unfazed by an ongoing Customs Excise investigation. During the first six months of this year, parallel importers sold more than 2,750 passenger cars to secure 8.5
      298 words
    • Article, Illustration
      Lock icon Lean and hungry vs contented giants
      520 17  -  CHRISTOPHER TAM reflects on changes in the motor agencies business over the last year or so CHRISTOPHER TAN IT IS interesting to note how fast and furious changes in motor agencies have been in the last year or so. It's even more interesting to
      520 words
  • Page 17 Advertisements
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      70 17 Corporate Tfrx Planning off Why You Should Attend? Why pay more than the required How to avoid unnecessary tax /"WOO only or queries from Inland Revenue 8 sessions. ~1 Authority of Singapore (IRAS)? vseats Are How to plan to reduce future tax?^^^^^^^^^ Who Should Attend? Audit, Tax and Accounting Staff
      70 words
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      Lock icon Page 17 Advertisements Column 2
      69 17 5 A heart-warming gift from JOBIN Studio Line. I Jj J jj Swiss-made Music Boxes of precision craftsmanship, j serenade your love with everlasting value. j jfltt 20% <2)ijc I iS ReuoLina 1 m wm JOBIN STUDIO LINE —JLJ^IINJ□ Hotline: 1800-600-2337 (toll-free) Trade EnauirUs tiaditionai aits ano CIAFTS "A*, Stong
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      Lock icon Page 17 Advertisements Column 3
      70 17 For tfce latest ope* maifcet value rates off passenger cars, go to Mtp^/appJntemet4ov.s^scripts/lta/3_2_OMV.asp INVESTMENT^ ALEXANDRA ROAD Industrial Property For Sale By Tender \So\ Land area 8,876 sqm &xQ\ (approx 95,540 sq ft) 99yre Hand* Clean Light Industry c« Ideal for motor-car o cfSZSo* showroom (subject to approval) 58m frontage to
      70 words
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  • FORMULA ONE
    • Article, Illustration
      Lock icon Steering the drive to buy
      1039 18  -  You've watched the race, now buy the cap. Matching merchandise keeps the fans happy and the tills ringing for Formula One players. Helke Hlentzsch looks at a business kept afloat on a sea of red tee-shirts Heike Hientzsch The writer is a freelance journalist specialising
      AFP  -  1,039 words
    • Article, Illustration
      Lock icon Pollock makes a 2nd offer for Arrows stake
      442 18 The Scotsman is 1 of 3 investors in talks with the debt-ridden team Reuters [GENEVA] Former British American Racing team principal Craig Pollock has tabled a second offer to buy into the cashstrapped Arrows team. Mr Pollock said in an interview with
      Reuters; REUTERS, AFP, AP photos  -  442 words
    • Article, Illustration
      Lock icon Briton Davidson to drive for Minardi
      453 18 Reuters [LONDON] Anthony Davidson will become the first Briton to race for Minardi at this weekend's Hungarian Formula One Grand Prix, team sources said yesterday. They said the 23-year-old British American Racing (BAR) test driver would replace underperforming Malaysian Alex Yoong in Hungary and
      Reuters  -  453 words
    • Article
      Lock icon Verstappen may yet return to Arrows team
      317 18 Dutchman, who's acting legally against British team, may strike a deal Reuters (LONDON] Dutchman Jos Verstappen could make a surprise return to the Arrows team as a replacement for German Heinz-Harald Frentzen, his manager Huub Rothengatter has said. Verstappen. who had a signed
      Reuters  -  317 words
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  • PERSONAL investment
    • Article
      Lock icon The cost of taking advice from gurus
      861 19  -  If investors can't predict future, they can't predict who can predict future By Ernie Akrim The writer is Director of Portfolio Strategy, Frank Russell Company KtATINU financial clairvoyants has be- come something of a pastime for the financial media. Nearly every year, if
      861 words
    • Article
      Lock icon Insurance for children: like killing 2 birds with one stone
      721 19  -  Chen Lijia and Pearlyn Koh Singapore WE REFER to the report "Insurance for kids?'* by Genevieve Cua (BT, Aug 7) Parents usually purchase life insurance as a life-long gift for their children. We agree with Mr Joseph Chong (New Independent)
      721 words
    • Article
      Lock icon Most child policies here have no limits on death payout
      194 19  -  Leong Sze Hian, Singapore I REFER to the article "Insurance for kids?" by Genevieve Cua (BT, Aug 7). I understand that the limits on the death payout if the child is below the age of five no longer applies to
      194 words
    • Article
      Lock icon Buyers surprisingly quiet despite market's steep fall
      895 19  -  ll?Ej|i]sj markets By Robert Halili The writer is managing director of Asia Insider THE drop in the Straits Times Index (STI) to below 1,500 points this month has left investors wondering if directors, substantial shareholders and companies will move in to help support
      895 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      291 19 v o/ e tV a ni^ 8%U Snl0re,ha "^sr^ -h„rc than just 8% < o°' t ,r V V twist SGAM Global Guaranteed Fund Looking for something stable and reliable in today's volatile market and yet able to give you better returns than your fixed deposits? SC. Asset Management is
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  • EXECUTIVE money
    • Article
      Lock icon The ElderShield dilemma
      1472 20  -  While advisers are divided on the merits of the scheme, GENEVIEVE CUA says it may be wise not to opt out as the insurance plan may be improved HOT IT n unn ctav in nr nnt GENEVIEVE CUA SHOULD you stay in or opt out of Elder
      1,472 words
    • Article
      Lock icon What they say
      712 20 Ministry of Health spokesperson: "It is better for Singaporeans to join Elder Shield when they are still young and healthy. They may not be able to join at older ages, as by then they could develop pre-existing disabilities which would make them ineligible. "Joining early allows a
      712 words
  • Page 20 Advertisements
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      18 20 Chartered Financial Consultant I DVDAfTKI 2 9 O ORCHARD ROAD, SINGAPORE 2 *****. TELEPHONE:*****535 L u WM,MBIWWI■ J—
      18 words
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      Lock icon Page 20 Advertisements Column 2
      41 20 INDUSTRlAL^^^^^^^^^y^M|^|||yPj BP9 BUILDING 8-storeys of well-designed layout 11 Units with full glazed windows g|J| Lettable areas from 865sf to 6,5005f per floor Um Most suitable for office, showroom, light industry use HIH With prominent main road frontage Sole Marketing Agent *****232/621
      41 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      130 21 Reuters The Baltic Dry Index (BDI) rose six points to 992, the Baltic Panamax Index (BPI) lost one point to 994, the Baltic Handymax Index (BHI) firmed 39 points to 7,511 and the Baltic Capesize Index (BCI) was up 15 points to 1,146. TIME-CHARTER: Thalassini Doxa (built 2001)
      Reuters  -  130 words
    • Article
      Lock icon MARITIME STOCKS
      260 21 MX 000 *yO B V- w CWT Distribution—0.75 unch 0 Chum Hup 0.43 unch 370 Cosco Investment 0.18 unch 70 Freight Links 0.05 0.01 119 CB HoMnys 0.72 unch 37 JayaHoMkigs 0.23 0.01 1S9 KeppeiCorp 4.56 -0.04 640 Keppel Marine 0.16 a 01 56 Keppel Tele 0.97 -O.OJ
      260 words
    • Article, Illustration
      Lock icon Indon Navy detains seven vessels
      600 21  -  The foreign vessels are alleged to have dredged sand illegally in the Rian islands By\ Donald Urquhart Beth Jinks [SINGAPORE] The Indonesian Navy has detained seven foreign vessels for alleged unauthorised dredging in the Riau islands. The fate of the five dredgers and two tug
      600 words
    • Article
      Lock icon Singapore Customs steps up port security
      297 21  -  B, Beth Jinks [SINGAPORE] Singapore's Customs and Excise Department (CED) will deploy two radiographic container scanners at local ports early next year as part of a series of significant waterfront security enhancement plans. CED said yesterday that it had called a tender for one
      297 words
    • Article
      Lock icon Saudi ports cut rates for boxes to boost throughput
      126 21 [SINGAPORE] The Saudi Ports Authority has initiated a 50 per cent discount for transhipment containers and ro-ro traffic at Jeddah and Dammam, in an effort to boost throughput. The move includes allowing carriers to import empty boxes into Jeddah for use
      126 words
    • Article
      Lock icon Plan to open up container services in China's interior
      263 21 [SINGAPORE] The Port of Shanghai China's busiest container port is eyeing a plan to use the Yangtze river to open up container services deep in the country's expansive interior. Under the proposed plan, Shanghai will invest in port facilities at Wuhan
      263 words
    • Article, Illustration
      Lock icon Call for greater emphasis on sustainability
      553 21  -  Profits must come second: Intercargo chairman From Evelyn Duffy in Perth A PROMINENT Asian shipowner has called for greater emphasis on long-term sustainability to cure the management, maintenance and crewing problems which plague some sectors of the shipping industry. Intercargo chairman Fred Chavalit Tsao
      IMC  -  553 words
    • Article, Illustration
      Lock icon Little sympathy for ships that carry stowaways
      966 22  -  STRAIT TALK -By\ Seafarer OVER recent weeks the thorny issue of how to treat stowaways has resurfaced. Last week the Baltic and International Maritime Council (Bimco) intervened in a dispute over how ships needing to land stowaways are treated in some Indian ports.
      AFP PILE PHOTO  -  966 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      206 22 PACE Gemartrans 4 Avant X) CUn w Btang Mas 5 Glory Kav K> BSA 6 Hangli 4 BSC 10 Hamburg-Sud S BTL JO Heung A 3 CMACGM 3 h*L*h 10 COSCO 3 HUAl 0 Central t* 4 Hyun<Ul 4 Chatiaya to |(nkw 9 China Stipg 5 Indoguff
      206 words
    • Article
      Lock icon SHIPPING GUIDE
      14110 26 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessd Voyage Telephone ETA ETA Advertiser VhM Voyage Telephone 2H—P»g»_jjgg Ngj M»—■! Number SIN Destn Heme Name Number Number 29/00 wn MOC APL SARDONYX tlOW ********** To ABIDJAN (ABJ) 2003 Cot* 0'I voire 31/00 10/01 UASC ASIR C205W 45******* 2V00 12/09 Deimas
      14,110 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        503 31 Vess 1 Voy No Berth Arrlvil Departure JraiM A KAMBMGI jsoeot JQ 14/06/*****0 14/06/***** SAC HO**006 OKU JM H/06/***** 14/06/2021:01 BATSWATERW [2195 J02 14/06/*****0 14/06/2023:5 BAYSWA1ER228 M2195 J02 V4/06/*****0 M/08/*****1 •I BANTU 1*1 ***** JOI 14/06/*****0 14/06/*****1 IT DOABERSAM 01-AUG-02 JOI M/06/*****0 M/06/2060< •THEN SAX 2 02AUG02 JOI
        503 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1500 31 CONTAINERS TERMINAL AND VESSEL SCHEDULES ft Out h. ttf, tertMnf On- Urtk Mmm Voy Voy i*, twrtfcM? Mmbr AO( MAGNOLIA 053H OMW I IMUOSKHIO 102 0 AMBU1 010 010 1 140******131 I4W/002 22OQ B03 *—«i 9*9 2 140******100 1*0******000 ci7 o rouaud noi not i4fltpoo?-mo iso*?cB7t«o n& o
        1,500 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        174 31 Aug IB Belgian: Assumption Day France: Assumption Day Italy: Assumption Day South Korea: Liberation Day Aof 17 Indonesia: Independ Day An* UK: Bank Holiday Anf 31 Malaysia: National Day Philippines: Nat Heroes Day Ba»2 United States: Labour Day. Vietnam: National. Sop 3 Canada: Labour Day. Sap IS Japan:
        174 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        798 31 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description at the market Prices shown are based on averagesized stem Market movements are indi cated. The Cockett Bunker Price Index change and
        798 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        411 31 964 0 04 «L* 0.09 31 0 03 *"9 > towftv "I" Wto MteMa Tifin Ms Mow 125 0 0 t 0 0 0 3maw mi oj m.7 oot ou to* 390 ma wot 10 ml2 on 77 olM W 1 g k4mUi 0 0 10
        411 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Bankruptcy is in the air
        1291 32  -  US Airways' Chapter 11 filing could trigger a string of long-overdue events among other airlines that might eventually strengthen the industry, says James p Peitz James F Peltz AP [WASHINGTON] US Airways' bankruptcy filing sparked new worries about the airline industry's worsening financial condition, as
        AP  -  1,291 words
      • Article
        Lock icon JAL raises fuel price forecast to US$28 a barrel
        291 32 Bloomberg [TOKYO] Japan Airlines (JAL) raised its forecast for the average price of jet fuel this fiscal year by 17 per cent to US$2B a barrel, after oil product prices rose in Asia. The gain in jet fuel would increase costs
        Bloomberg  -  291 words
      • Article
        Lock icon Olympia Airways losses rise nearly 20%
        125 32 AFP (ATHENS] Losses of Greek national carrier Olympic Airways, in trouble for several years, increased in 2000 by nearly 20 per cent to 95 million euros (Ssl63 million), according to figures made available on Monday. The debt-ridden compa ny's accumulated losses were 357.4 million
        AFP  -  125 words
      • Article, Illustration
        Lock icon Northwest scheme that rewards both firm and staff
        224 32 [SINGAPORE] Northwest Airlines has introduced a rewards scheme that enables both the company and its employees to benefit from corporate travel. Under its Biz Perks rewards programme, each time an employee travels on a company-purchased ticket, the company will be able to
        224 words
      • Article
        Lock icon Qantas slams foreign ownership cap rule
        625 32 Govt maintains current curbs should remain Dow Jones Newswires [SYDNEY] Qantas Airways yesterday launched a scathing attack on the Australian government after the airline's call for the abolition of a 49 per cent foreign shareholder cap was rejected. Chairwoman Margaret Jackson said Australia's dominant
        Dow Jones Newswires  -  625 words
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        Lock icon US$ 150m package approved for PIA
        212 32 AFP [KARACHI] Pakistan's finance minister has approved a US$l5O million financial package to enable the national carrier to modernise its fleet, the state-run news agency reported yesterday. "This package was approved at a high-level meeting held in Islamabad under the chairmanship of Finance Minister
        AFP  -  212 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1958 32 on man cw man no umw ws BA7357 2250 MM* IMT71 MB S0325 VMS 0T5 2250 S0230 W4S LM778 1555 LH779 2305 AmsttrdM. 5023 0605 H8M 2225 1555 U4579 2305 GA975 1025 S***** 1555 S***** 2305 (UJ37 BA7358 W20 IH9763 2350 »6 1420 LM9766 2350 •■SI
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      558 22 I I EXPORT I I OTHER DESTtNATtOHS ~1 y| "»|»^i—«Mi|mu»|iiwl—i|oio«o|i«i»wiir TOAimmmiAUgmAutAauißipima OKLKMBUNS JK33 IVW I IVW IMI «*W OVW OVW OVW 07AH ynw «ot niui ne i I M I M ooawM s*34 ivwhi/wl ivw ivw n/w n/w n/w ivw wr_ jms|!_ _n» m m sr» OOQMBBU ÜBS 77/W I
      558 words
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      100 22 WORLDGATE EXPRESS UNES PTE LTD 7T\ I C*" Wl Mt i #16-03/04, Bangkok Bank BuNcMng, S*por» *****6 Tel: *****911 Fax: *****073******63 Email: wgßteOmbox2.skigneLcom.ag WEBSITE: httpJ/wwwworktgate.com.sg WEEKLY FCL LCL SERVICE TO FOLLOWING PORTS |mmmbh« i —mi WT —w m rortfiAJifi/ynuwG u/m hong kong/oma ftToi rtSTSSo 17/01 BK m oifiu6oii(iamAM \vST MflMSMfi
      100 words
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      585 22 services represented by Mamberaof#wßagirtry<rf Members of the \XjfjJJ Accredilßd Shipping Agents. Singapore Logistics izjy S'nggpore Shipping Assoocfton Association fjj ULY UNE MALE /wssa I VOY ETA lIU lEU I P.KUWG STOW MAU Empress Lily 0502 10/08 11/08 18/08 Pnnce*> Lily 0702 03/09 04/09 12/09 Empress Lily 0602 20/09 21/09 30/09
      585 words
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      1153 23 TO EUROPE FROM EUROPE vtssa vorlsw rtm anr ham hv sou uh llvcsa I vcr in ami ham my sou w m MOIPtOGHSS 002W It/06 01/09 03/09 04/09 07/09 ARSMDOm *****1/0715/07 26/07 23/07 15/00 HYGEMKAL 339W 19/00 06/09 08/09 10/09 04/09 HY FORUM 3091 27/07 29/07 31/07 25/0717/01 HM 22/00
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      1408 23 DIRECT CALL TO cosut smrriNs pn in gSMS" SHU a HO: **********0 ft 1H: t22t I tot (MAM) MWUO (D/O) t*****1t *****119/49 I IfllllM 'ffftf 19 DAYS nHM-tamn ******25 t*****1t/4t I aaVSSsma.- mm C m u I WJ I wi/w >p w DM m u UOI HO m m U
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      563 23 VOY TO SMI fGU HIG SHA fUS UK VBS& VOT SM HK KB KMTtgaiHtG ***** 13/» 14/1 15/1 IS/» 71/» 73/1 77/1 AQSUUIA ~oo6* 17/« 71/1 W KMTCUISM ***** 20/1 21/1 rui 25/> 71/1 30/1 3/9 ACIVKKTT ~o4Slli 24/T~ 2S/» IT KMTt HOWCTONG 211H 27/1 |M/» 29/1 1/9 6/9 10/
      563 words
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      1106 24 MM!l#* HYUNDAI MERCHANT MARINE CO., LTD. Hoowpoge: wwwi—2l.t— ONO **********0H ivßsa wr ai i sou I uw m iw I WW 1 av I fvKsn voY|sou|w|m|MT|Ma|Rv|!JH HT UKITT 3IOW 05/04 77/04 71/ M 73/04 75/04 MM rtKXrmr 001 14/47 74/07 14/07 U/07 04/00 «n nun iitw 00/oo js/oo 77/44 w/oo
      1,106 words
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      901 24 WAN HAI LINES (S) PTE LTD WiWAN HAI LINES lE. «SS IMM rn MOT*** I www.waa4ai.cMß.tg *J »n) sa«i«ml P?n rui m. nu»/7J4» mjl nun -I Mij4.,..,nmii Ml I——l W—. >Mi M _JK m_ IE in TQa mr am m Nwiwnsm »i*m iw iw \vm xlw JiS »!S r?L 1112
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      633 24 HUlfAe WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS vnsci vor sm pjuang coummo h. smfva coumuo rwaitiott mm jm 31m 4~aug Tim, TFuk IOIAP9OTU TFWOOS 7 AUG OW "IS ItAK iUK ■OtDFUH* m 14AUG I*l QMT UUK iTut VJHUMW tun It AU6 ?lUK KNK
      633 words
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      1181 25 ivtssa. VOY I KHH I mo I aw I pki I pxi I m» I dmm hk IRAN TEHRAN PCI 272 13/ OS 14/08 17/04 IS/04 23/08 26/04 01/09 03/09 M.V. UNOAVIA PCI 273 20/04 21/04 24/04 25/04 01/09 02/09 06/09 04/09 IRAN KE4MAN PCL 274 27/04 24/04 31/04 01/09
      1,181 words
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      597 25 UK CONTINENT SERVICE Loading lor STARLING ROM/A TW/BMN/UK/NAN OCEAN FRIEND RDM/A TW/BMN/UK/NAN PANDORA P RDM/A TW/BMN/UK/NAN Load» Sngapore. E7W Mateyw. trxtoocau MIDDLE-EAST SERVICE Loading lor PETBOS R ADN/HDO/JDH/AQA SWIFT DBI/ABU/DOH/BRN/DMM/KWT MARINE UNIVERSAL II DBI/ABU/DOH/3RN/DMM/XWT CHIEF JDH/AQA AFRICA DBt/ABU/DOH/BRN/DMM/KWT FATMA ANA ADN/JDH/AQA/TRP HANDY ASPERANCE JDH/AQA "Loads Sngapore. EJ>N. Malaysa. Indoneaa USA
      597 words
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      747 25 ffl BS-HH? 20/00 I UK. MM <IU 7S/00 29/04 JBiggii HSKF —Is =fe= j&LZ==dSt===&==^r= SS -g gg—MjiiMimi" jm>oc os-w vw\ njOtMU*^^^^^6o^^l^oQ/04|i7/64_ ffffl. JW Ma 3 J«sa vot sm rm i" 1 OMM lIM lUM__ JBJQtm au as 20/00 r*s«grM .—fsftjjj lt/W u/o» xtjoama mt 22/00 24 m LggLL—__J il/g__l_ngZl etjoamma
      747 words
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      103 26 L^ ky qwallne Yap KMW MI Mapal Ktmt Sinolcor Seoul 21 IN" 17/08 05/09 11/09 12/09 Sinoiof Seoul 21 IN" 17/08 15/09 OMIT 25/09 27/09 Sinpkof Seoul ~21 IN" ***** 17/09 ~OT7TO~ Seven Seos Beocoo 035N 24/08 05/09 11/09 12/09 Seven Seos Beacon IQSN 24/5? 15/09 OMU 25/09 27/09 Seven
      103 words
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      269 26 CWT globeunk pte ltd W OWN Officii m TEL:*****833 (36 LINES) FAX:*****742 L M SYDNIY MELBOURNE HUANG K>*T KELANG FASIB GUDANG KUCHING BANGKOK KABACHIBOMBAY f NfW WICOLOMBO HO CHI MMN CITY HAIPHONG HANOI BBE ME N HAM BUBO TI AN JIN QINGDAO- SHANGHAI XIAMIN fUZHOUDALIAN XIAN BEIJING SHI JIA ZHUANG
      269 words
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      45 26 M WINSTAR SHIPPING PTE LTD ra. wmn mumm am wvnam Safe* WMtiy (Mm -W) 3 SdH> (M**4 M) Im**! <t Jutm* Pari LmA*| d CmMmi Pwt Dwr to Dm FQ/IQ/ Irmfcpncnt KL Cwflamn (ammtmdlmft Dw t» Dm f* mq+in. pimm t* Idmlm* Jmk. PROJECT CARGO
      45 words
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      241 26 i BSA x 9 MYANMA FIVE STAR UNE "135 u*«) VB» VOT SM m KM PGU am smwi Ntw mw su> PAGAN V 304 Mr SU) M HAUTSIA: OOUSTIAD SHIFTING AGfNOfS «UL 03-*****300 PtL 03-*****101 POt 04-*****07 tg| BANK LINE (A torvkt Aafcow Wok Shppiaj) NORTHBOUND TO f UKOPI V
      241 words
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      78 29 riphusahaanpbaoiun KALIMANTAN DIRECT WEEKLY SIKVICE TO JA*Am/PAUIMAJ»6/DOMA] I ,WM< I *i I I«t |re«w hwm iISKSf —fr l!« SS =SP I gjgjjgg rr7W W7H H7l fT7> I SURABAYA/PANJANG *t»w> C psg r~cji r-p« Q»W jgg 1471 tl /t t 4 t Pt»AWANC/WKAN MM I I mi rouw/mc riMMiuru I IWUBM
      78 words
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      99 29 FULL CONTAINER SERVICE SIN PASIR OUOANQ SIN DAILY SAILINGS [VESSEL VOY ETA PG C*Y VPY ETA SNI C*Tl mm— Jga_ -lidML JML_ 2K2L JUSU& JSB_ GOLDEN MM ***** IVOMP WED 1347N IVO6/Q2 THU gggHl IVUMP THU 2M<N PW guamaa ai »/<■« w PWMPB _aa3S_ JMMt _B afflfl, Jl/SMAZ. ML— |qOU3EW
      99 words
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      76 29 iTAsroif M—MI 14 AUG KARACHI, DUBAI Mi. PORTS 15 AUG MUMIAI, KANDLA 16 AUG COIOMIO, MADRAS 19 AUG COIOMIO, MALE W-fcty Contain Ww. Criwwh., M tedwn ami P. OOf PHOENIX SHIPPING (TTVILTD MONTHLY BNEAKBULK SERVICE TO SOUTHERN AFWCA ANO MOAN OCEAN SLANOS VESSEL NAME VOY SPORE DURBAN PHOENXI I 09/02
      76 words
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      60 29 ETA ETD LOAOMQ FOR ■AJN3 13AM/2002 IVO6/2002 PHNOM PENH 4 VUNGTAU TBORCAL ROSE 30/00/20 OS 30/08/2002 PHNOM PENH AM 3 31/00/2003 31/08/3002 PHNOM PEMWUNGTAU (30 TON DERRICK AVAILABLE) THE NEW STRAITS SHIPPING CO. (PTE) LTD $1 ANSON ROAD m-a ANSON CSfTRE SMQAPORE 0207 TEL «2aOIOC7<PaOOQB TLX RS23HO FA« «2a«0716 CT
      60 words
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      87 29 5= ESP LINES IKW WKKIY ig savig TO LAGOS Vtssa SAUK EVBT TNUKMT 10AMMG IVHtT WP AT Kgffl MSTMPAML cowvamoiut/wtiuiuu savig EUOI UMBMRK iHT' IS/DI/ 700? DUUI DAMMAM MM UWt HM WW BUK, WK BWt MB MUM STOtf TIL ******11 fJUL *******7 wt rros thj nisu) fjul mi7/»i JTT TH:
      87 words
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      658 30 ncffiurE IHIIIM I II6EI ISLAND 00SN 7&71/0* 7111/01 03 04/09 I TIGfl PtAll 004N n?4/W 30 01/09 06 07/09 I TIGH MID&f 00/N V 78/08 03 05/09 1011/09 I I ncaStUM 008N 30 31/01 0400/09 1314/09 I |j6ajsuNo__ 009W 0304/09 ioiz/o9 1; 11/09 Ivtssa^^^voTr sw au^^SN^i "601 su* sol i+Tlfii
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      855 30 I VESSEL NAMI VOT SWGAPORt PORT lELANG OfTTAGONG MOMGU eu eta m> eta ni eh no <XW<>3? TNU IS/08 14/08 14/08 20/08 73/08 O'R»4 SAT 17/08 18/00 19,08 23/08 28/88 1 RUOHSWNO OWM7 THU 71 08 23/88 23/08 MTM STTS 1 1 PC HONOUR 07NQ45 SUN 25/08 14/06 74/00 27/08
      855 words
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      823 30 dz |PDZ LINES F— USJTioo as^sy*"" 1 w^; w I GjSUNG Mil IS/M 6IGI 2209 14/ M ggg 1743 IS/M OM 2154 W/M cgjjg_ »w.Jg/gg «swe wti u/w c— »is 4 n/m gnian «4i ?s/o» tatm ~~m~nm~~Jm~ guv* W9_ n/m_ euoo 2202 tt/m asoow nn 23/ m G*m tiss 03/09
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      162 30 aBIHSH MEAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI Ivtssa I yoTMX raawwoM iuihw I M—W 7I3HW W/m/B? 31/W0? >übw I mm ?yw/o? ot/io/o? SEA-PAC MANAGEMENT PTE. LID. 70 Anson Rood #17-07/08 >ff\ Apex fcw, Singapore *****5 TiUphoni: 6270 0977 V D FaciMb: 6275 2309 T«kx: RS *****
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  • Page 31 Miscellaneous
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      117 31 9F Wp ii-"' 1 R Thunderstorm Showers Temperature Rain i) Wind direction and speed in knots weather v Cloudy Day C t^^J aZy h eumhnie Sea Conditions Wind speed symbols O Full circle w/o line indicates calm or light and variable winds half fleche represents 5 knots m| Moderate, 1,2
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