The Business Times, 7 November 2002
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2002-11-07
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The Business Times
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Title Section10 2002-11-07 1 THE BUSINESS TIMES Mnternet^iip^busines SINGAPORE 1 THURSDAY, NOVEMBER 7, 200210 words
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Article76 2002-11-07 1 sn 1,447.74 (+13.70) ST INDEX FUTUIES 1,***** (+12.00) SWSC1 FUTURES 178J0 (+1.40) STOCK HAUET INDICES Wednesday Ot«nge KLSEOQMP fetf.65 H.7I NIKKEI 426 JUtttf +15.73 HANG SENG 9.***** U&C SET INDEX ttlA IS? JAKARTA 00MP_*940 4 JI MANILA COUP I.M6044 IK 15 TAIPEI WP1 4.745 S4 _»l»i4 SEOlirOMP Stttt76 words
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Article68 2002-11-07 1 POBEX RATES r» s» I SS 176.1 S|l SJ.'SS prr S) 1547 J 744 K1K0(IXS*SE» 0»6 1755 VEN I22i 69 m RM xm i\M HKS ;.7» 4424 IIAHT 43*1 i-Uiti W UAH fcil) a£*6 PBEHE KATES SINGUDKK* 5*5 KI ALAUHH K Mit HOMO KO\n h 125 JAKARTA TAIPKI tGft68 words
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760 2002-11-07 1 Kalpana Rashiwala - Land Working Group calls on govt bodies to coordinate land sales By Kalpana Rashiwala [SINGAPORE] The Land Working Group (LWG) has urged the government to minimise its participation in the property market to avoid crowding out the private sector. This is one760 words
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624 2002-11-07 1 Wong Wei Kong - COMMENTARY The largest owner and seller of land will remain the most influential player, says Wong Wei Wong Wei Kong CALLS for the government to reduce its role are not new. But when it comes to land, there is a fundamental contradiction624 words
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457 2002-11-07 1 George Joseph - Hutchison Port executive to take up job by Dec 1 By" George Joseph [SINGAPORE] PSA Corporation has brought in foreign talent British passport holder Eddie Teh Ewe Guan to take its number two position as executive deputy chairman. Mr Teh. 53, believed457 words
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Article93 2002-11-07 1 Main recommendations of Land Working Group Govt should minimise participation in markets where there are no developmental, strategic or socio-political considerations Govt should develop single mechanism to regulate supply of land and property Widen initiative to put vacant state properties and land to interim use Inject flexibility into93 words
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547 2002-11-07 1 Shoeb Kagda - They include STI, KepLand, the local banks; seller is Ibra Fromi I Shoeb Kagda in Bali A GROUP of leading Singapore companies is forking out over $100 million for resorts and land in Bintan in a clear vote of confidence for the547 words
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Page 1 Advertisements
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Advertisement98 2002-11-07 1 DfSEDE Top stories Maybank offers lowest home loan package. Next Page Harvey Pitt, feeling the heat, resigns as SEC chairman. Next Page M 1 to go ahead with $970 m public offer. Pg 6 Republicans win Congress, giving Bush a second chance. Pg 25 Boost local demand, World Bank urges98 words
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Advertisement38 2002-11-07 1 Stalling today, Shipping Times will carry an additional Air Logistics page every Thursday. See Shipping Times, Page 9 Fed interest rates US interest rates cut or left on hold? To find out, log on to http://business-times, asial. conusg38 words
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Advertisement156 2002-11-07 1 19 Panel calls for review of home ownership, Pg 4 More reports, Pg 4 B V LG A R I C < > M P H K I I I I I II I K S li c i u x o ii i> I' r o c s s156 words
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Advertisement9 2002-11-07 1 Major debtors told to speed up payments, Pg 219 words
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NEXT page
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686 2002-11-07 2 Siow Li Sen - Observers welcome its 3-yr fixed interest rate deal for completed properties By Siow Li Sen [SINGAPORE] Maybank challenged the lull in the property financing market yesterday by launching the lowest three-year fixed interest rate home loan package ever aimed at borrowers. The three-year package,686 words
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ON THE grapevine
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Article120 2002-11-07 2 JOBLESS Singaporeans have been told not to be too choosy when looking for work, particularly with more people expected to be laid off in the months ahead. In Taiwan, where unemployment is at a record high, the people don't need telling, it seems. A massive crowd 0f5.747120 words
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Article186 2002-11-07 2 Grapevine yesterday singled out a convoluted sentence put out by Oei Hong Leong's Sanion Enterprise in an announcement on matters relating to Nat Steel. Now we can report that Mr Oei's lawyers are not the only ones putting out statements that can be understood mostly by186 words
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591 2002-11-07 2 Loh Hui Yin - Market expects businessman to launch rival bid %i Loh Hui Yin [SINGAPORE] A decision by the Securities Industry Council appears to have kept the door open for a rival offer for Nat Steel which could very well come from businessman Oei591 words
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Article44 2002-11-07 2 IN yesterday's report "Large Jervois Road parcel for sale", it was DTZ Debenham Tie Leung, not CB Richard Ellis, that has put up for sale by tender a 38,649 sq ft good-class bungalow site on Ridout Road. We are sorry for the error.44 words
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Article, Illustration298 2002-11-07 2 Bosh accepts resignation of SEC chairman who is nnder fire from all quarters LAT-WP, Bloomberg [WASHINGTON) Securities and Exchange Commission chairman Harvey Pitt conceded the inevitable on Tuesday night and resigned after a tumultuous 15month term. In what he called the job of hisLAT-WP,; Bloomberg; AFP FILE PHOTO - 298 words
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Page 2 Advertisements
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Advertisement401 2002-11-07 2 2002 Financial Reporting Developments in Singapore What The impact significant developments financial reporting will be hitting most Singaporean companies for the first time during the 2002 reporting season. More changes, recommended by various committees including the DASC, CGC and CLRFC, can be expected in the coming year. Changes in requirements401 words
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Advertisement8 2002-11-07 2 Ia Oei Hong Leong courting Temasek?, Pg 68 words
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Advertisement117 2002-11-07 3 1 to 10 November 2002,11 am-9pm at the Paragon Atrium, 290 Orchard Road. Discover the mystique of time and the agelessness of gems amidst our magical settings. Presented as part of our 30th Anniversary celebrations, you'll be mesmerised by this exquisite showcase of bejewelled timepieces from the top 20 world-renowned117 words
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ERC report
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Article, Illustration687 2002-11-07 4 Kalpana Rashiwala - It also recommends that HDB's role be recast and executive condos be scrapped By] Kalpana Rashiwala THE government has been asked to fundamentally review its long-standing home ownership policy to examine the implications such as whether it has led to "overconsumption" of housingCHRIS LOH - 687 words
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Article, Illustration418 2002-11-07 4 Vince Chong - Bat proposed perks can help CBD keep its vibrancy: panel By Vince Chong THE proposed Business Financial Centre (BFC) project in the New Downtown has been identified as one of the keys to enhancing Singapore's service-sector competitiveness, with the Land Working Group admitting that418 words
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291 2002-11-07 4 Role of government Minimise participation in markets where there are no developmental, strategic or socio-political considerations Develop single mechanism to regulate supply of land and property In managing land regulatory framework, govt should consider cumulative, economy-wide impact of policies on effective supply Cross-sectoral measures to enhance291 words
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755 2002-11-07 4 Vince Chong - Ky Vince Chong WITH most investors being JTC Corp lessees, it is important that the statutory board set internationally competitive prices for Singapore to retain a viable manufacturing sector. This was among the suggestions made yesterday by the Land Working Group755 words
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351 2002-11-07 4 THE Land Working Group's recommendations released yesterday brought cheer to most developers. The Real Estate Developers' Association of Singapore (Redas) noted that the LWG report covered many of the issues it has been discussing with the authorities in the past. "Redas is happy to351 words
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455 2002-11-07 4 Andrea Tan - By t Andrea Tan APART from broad recommendations, the Land Working Group (LWG) has also proposed relooking specific rules, regulations, and practices such as speeding up the review of the Land Titles (Strata) Act. In particular, the LWG said the455 words
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Advertisement243 2002-11-07 5 *b* "**"> \r r i j I-^} .1 i4j?s 'L fjMlHa I *T I ii 4 ,/w'tj»< *^»^^i,pJS _i ft* i'V -JJ^- f l^?jrwWyßbli,^#l ß" V:-*? g*-i-a*. f| «>. t». I SS«v%aF m —-—MB MgL MHMM|| •< M 1 M I **< 1 Bi 3^ BB" 'I _S—mB^M^w fl| -/>243 words
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SINGAPORE companies
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580 2002-11-07 6 Angela Tan - Preliminary prospectus should be oat anytime now: source Hyk Angela Tan LISTING aspirant Mobile One will proceed with its initial public offering (IPO) valued between $970 million and $1.2 billion even though China's flagship telco China Telecom has been forced to slash580 words
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170 2002-11-07 6 Angela Tan - Contracts, np USs7m from previous quarter, mainly with European, Asian carriers By Angela Tan C2C, a unit of Singapore Telecommunications Limited (Sing Tel), yesterday said it concluded US$2O million of sales contracts in the quarter ended Sept 30, up US$7 million from170 words
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860 2002-11-07 6 lee han shih - lee han shih SOMEONE should teU Ong Beng Seng and his associates in Temasek and DBS not to jump each time Oei Hong Leong makes a move on Nat Steel. Perhaps all the famed asset trader wants to do is to continue a family860 words
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Advertisement1335 2002-11-07 6 I NATSTEEL LTD I (the "Company") I (Incorporated in the Republic of Singapore) I 6 November 2002 I SHAREHOLDERS' CHOICE I All capitalized terrns used herein shall, unless otherwise defined herein. bear the same meaning as those defined in the I circular (the EGM Circular dated 6 November 2002 and1,335 words
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Brands
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Article583 2002-11-07 7 Andy Miligan, Managing Director, Interbrand Pte Ltd - Brands are too often misunderstood as "logos plus ads". The lesson from the Singapore Brand Award is that they are about the management of a total customer experience. contributed by Andy Miligan, Managing Director, Interbrand Pte Ltd We live in an "experience economy". Increasingly, we look583 words
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Article, Illustration1343 2002-11-07 7 SINGAPORE BRAND 02 AWARD s a ac 'f' c Breweries manages a stable of beer brands including Tiger and Anchor < gj p Beer. It also holds the licences for the distribution of international brands such as Heineken Guinness. In an industry that is highly branded i.e.1,343 words
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Advertisement140 2002-11-07 7 CEO Brand Forum IE Singapore, in partnership with Interbrand, invites you to a unique one-day, high level conference on branding for senior management and CEOs. Featuring the winners of the Singapore Brand Award 2002, CEOs and senior management from these highly respected companies will share insights and be available for140 words
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Advertisement4 2002-11-07 7 Singapore Energising tomorrow's enterprises4 words
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SINGAPORE companies
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186 2002-11-07 8 COMPONENT maker and supplier Flextech Holdings has responded to lawsuits brought against two of its subsidiaries by a unit of Thumbdrive creator Trek 2000 International, saying the claims are groundless and without merit. In a statement to the Singapore Exchange yesterday, Flextech said its board186 words
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Article498 2002-11-07 8 Serena Ng - Twinwood Engineering says IT unit's outlook remains uncertain Byi Serena Ng LESS than a year after taking control of mobile solutions provider Edgematrix. once seen as a promising homegrown start-up. Twinwood Engineering has moved to put the seven-year-old company into liquidation after being unable to turn498 words
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Article, Illustration356 2002-11-07 8 David Boey - Sesdaq aspirant declares it is not deterred by bearish market sentiment By] David Boey SEMITECH Electronics, a Sesdaq aspirant that makes and sells electronics components. said yesterday that bearish market sentiment have not deflected it from launching its initial public offering (IPO).ZAOBAO - 356 words
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Article, Illustration423 2002-11-07 10 Ven Sreenivasan - Its former Beijing representative office is upgraded to fall service branch By Ven Sreenivasan IT has been a busy year on the cocktail circuit for Wee Cho Yaw. And hosting China's Finance Minister Xiang Huaicheng at a reception to mark the official opening ofFILE PHOTO - 423 words
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291 2002-11-07 10 Serena Ng - Manufacturing to be done at its US, M'sian facilities Ityt Serena Ng VENTURE Corp yesterday said that Agilent Technologies. one of its major customers. will be moving the majority of its printed circuit assembly (PCA) operations in Washington state to291 words
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337 2002-11-07 10 Bloomberg (BALI] Asia Pulp Paper Co's (APP) foreign creditors will appoint an accounting firm to monitor the finances of Asia's biggest corporate debtor, part of a plan to reach an agreement this year on the payment of US$l3 billion of debt. The fiveBloomberg - 337 words
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COMPANY Briefs
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65 2002-11-07 10 CABLE maker GP Industries said yesterday it expects to issue $50 million worth of floating rate notes which are due in 2005. This is the second series of its $200 million medium term note programme that was established in April last year. It said65 words
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82 2002-11-07 10 NEPTUNE Orient Lines Ltd unit APL Logistics has given more details on its sale of its loss-making US on-line consumer delivery business APL Direct Logistics. In a statement to the exchange, NOL said the book value of the assets and operations of82 words
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60 2002-11-07 10 AUSSINO Group Ltd said it has disposed of its 40 per cent equity interest in Beijing Alps Ski Village, an associated company, for 9 million yuan (Ssl.9 million) resulting in a capital gain of 1 million yuan. Beijing Alps Ski Village is the60 words
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Article88 2002-11-07 10 LC Developments, which reported a net loss of $3.54 million in the year to June 30,2002, is hoping to achieve a better performance for the current financial year despite the market uncertainties and warning of more difficulties ahead. LC chairman Wong Hung Khim warned88 words
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Article56 2002-11-07 10 SINGAPORE-BASED veteran US investment banker Steven B Theobald died of a heart attack in Chicago on Nov 4. One of Asia's leading debt restructuring and corporate Finance experts, the late Mr Theobald was actively involved in Merrill Lynch's advisory work for United Overseas Bank's successful bid56 words
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90 2002-11-07 10 Reuters INDONESIA'S PT Astra International said yesterday it has reached agreement with six major creditors to restructure its US$B2O million of debt. The six creditors, who together hold 30 per cent of Astra's outstanding debt, need the support of other lenders to reach aReuters - 90 words
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Article93 2002-11-07 10 Reuters SINGAPORE Telecommunications Ltd is forecast to post a higher second-quarter profit today, boosted by a one-off gain from a European associate. But analysts said Sing Tel, which bought Australia's Optus last year as the telecom market began to sag, would continue to be pressuredReuters - 93 words
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Page 8 Advertisements
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Advertisement47 2002-11-07 8 RODYK A DAVIDSON ADVOCATES S SOLICITORS RODYK A MERGER WITH HELENYEO A PARTNERS announces the successful completion of the merger of Rodyk Davidson and HelenYeo Partners 80 Raffles Place #33-00 UOB Plaza I Singapore *****4 Telephone +65 6225 2626 Facsimile +65 6225 1838 mail@rodyk.com www.rodyk.com 'v.- v&«g47 words
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Advertisement59 2002-11-07 8 Michelin Star Guest Chef Daniel Chambon V v *fc IKB "Master Chef of France" One Michelin Star Three toques in Gault Millau H H ISV iili'F AT*T3 Set Lunch $48' Set Dinner: $85**' Cooking Class: $70nett (12 Nov) Reservations 6730 3393 farhwr Hiltoil 1111,1,11 Sponsored by 0 y AIR FRANC!59 words
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Advertisement20 2002-11-07 9 The beer you know and love. jfrgpß.. '.tf *+'?T* r -'v. i"* ''rnQ^^^^l Probably the best beer in the world.20 words
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Advertisement165 2002-11-07 10 Shipping with UPS 6C|Uqls pGQC6 of mind. That's because, at UPS, we can notify you the moment your package has been signed for. By SMS. E mail. Or the world wide web. Instantly Whether you are at home, Of in the office And that's just for starters You can also165 words
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Advertisement30 2002-11-07 11 Page The beer you know and love, in an ultra-cool new green bottle. 3L*Vw P W er^-"' ~r v 7 I 1 §i7^ Probably the best beer in the world.30 words
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SINGAPORE markets
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Article, Illustration335 2002-11-07 12 OTHER SINGAPORE INDICES Nov 6 VALUE CLOSE 57.00 +161.00 BTCMN -*****.00 +***** ■T 10-day MA -*****.00 +6.00 AB-SG Equities 378.25 +2.50 SG Equities Elect 121.74 +2.34 SG Equities Flu 1285.91 +16.01 SG Equities Prop 349.02 +1.46 MSCIStapporv 179.31 +1.67 SMSCI Futures 178.60 +1.40 s Volume Citiraya 2.5c 19.763.000 Chart SemiCond335 words
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Article, Illustration288 2002-11-07 12 Ven Sreenivasan - HOT STOCK/ WARRANT By Ven Sreenivasan THE latest initial public offering, the Ascendas Real Estate Investment Trust (A-Reit), has got brokers and analysts rather excited because of its potentially rich yield. The book building for the issue, comprising 272.5 million units, has already288 words
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Article, Illustration751 2002-11-07 12 r. sivanithy - I comment STOCKS r. sivanithy THE recent debate over quarterly reporting has highlighted the increasingly short-term outlook of players in the local stock market a trend most would agree has negative connotations. The main criticism is that quarterly reporting is an onerous requirement that will751 words
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Article, Illustration643 2002-11-07 12 larry wee - 11 comment CURRENCIES Wall Street expected to dictate short-term direction for greenback larry wee THE US dollar managed to recover some poise yesterday as players trimmed short positions on news that President George W Bush's Republican Party looked set to declare victorySource: Reuters - 643 words
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Article2991 2002-11-07 12 UNIT TRUSTS FUNDS 1111 s Barney Select Eqty Dividend Ptfl 0 83/ SBWGIbBusineBLdrsPtfKSGO) 084/ S B Set Gib Business Ldrs Ptfl(USD) 0 85/ AM Am AM Mgt (S'pore) Star Europe Eaty'** 662/ CmmOMi AaM* Mgl Star Europe Bd 1.079/ Com Global Finance Index Fd 0 76V Star Europe Bat 0836/2,991 words
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SINGAPORE news
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527 2002-11-07 13 Anna Teo - Bali blasts didn't raise concerns nndnly except among Aussie, Indian, US execs By. Anna Teo PERCEPTIONS about re gional security risks do not seem to have risen significantly following the Bali bombings last month, except perhaps among businessmen based in Australia, India and the527 words
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341 2002-11-07 13 Eugene Low - By Eugene Low SINGAPORE and Japanese companies stand to enjoy over $60 million in annual savings from tariff reductions whert the free trade agreement between both countries kicks in at the end of the month, Economic Development Board (EDB) chairman Teo Ming341 words
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Page 13 Advertisements
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Advertisement349 2002-11-07 13 I "^3^P- Doing Business In Japan Seminar Japanese local Government Showcase 2002 Suntec City Convention and Exhibition Centre Rooms 201—203) 208—209> Why is it important to look towards Japan? Level 2 ow is r^c investment environment in Japan? How JETRO can help local companies enter November 21 2002 the Japan349 words
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EXECUTIVE suite
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350 2002-11-07 14 Andrea Tan - Four categories of accreditation in scheme to be managed by Structural Steel Society Hy. Andrea Tan AN accreditation scheme for steel fabricators has been put in place to help raise the standard of the industry. The scheme, which is voluntary, will be managed350 words
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Article, Illustration578 2002-11-07 14 Thien - EeMsl.HJldllUlog By Thien IT was exciting discovering the Aristolochia elegans or Dutchman's Pipe at one garden show here one year, and getting all fired up over a Balinese rice barn converted into guest quarters at another. Wifey and I, of course, wishedTHIEN - 578 words
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Page 14 Advertisements
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Advertisement470 2002-11-07 14 r Jones Lang r W LaSalle. PRIME PROPERTIES FOR SALE BY TENDER At Jervois Road, District 10 A /^koacMAM an 4 land parcels totaling 101,800 sq ft. (M Invitation to buy 1,2,3 or 4 parcels 1^ 1 Exclusive locality close to embassies 'VNtiT —Tp" prestigious residences /fir Plot Ratio 2.8470 words
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SINGAPORE news
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457 2002-11-07 15 Audrey Tan - Personal care products company's Tuas facility to create new jobs By, Audrey Tan KIMBERLY-CLARK Corpo ration, one of the world's biggest personal care prod ucts company, will set up its first manufacturing plant in Singapore later this year with an investment of457 words
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213 2002-11-07 15 A SMALLISH freehold site on Barker Road is up for tender and is expected to fetch around $8 million. Its land area of 13,626 sq ft works out to $587 per sq ft. Based on the 1995 Novena Development Guide Plan, the site213 words
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Article, Illustration267 2002-11-07 15 Serena Ng - C=H=J on the economy bad debts Serena Ng AFTER rising to an eight-month high in August, the level of credit card bad debts written off by Singapore's banks tapered ofT in September, while billings and rollover balances were pretty much flat month on month.Source: MAS - 267 words
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Article, Illustration366 2002-11-07 15 New school will help meet demand for IT-sawy business graduates SINGAPORE Management University is setting up a school of information systems management to help meet demand for IT-savvy business graduates. The school's first offering will be a four-year course leading to a BSc inFILE PHOTO - 366 words
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Page 15 Advertisements
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Advertisement184 2002-11-07 15 Mercedes-Benz is a trademark of DalaJerChrysler. The chance to win a Mercedes-Benz. Staring you in the eye. •P*—K-.-'. KS "je v iHVf •^ra?T- IP* t .w* 'tmt <tt *fteß Ksac UmSP 4 II ii"jEaili3&|£fl||M )9 J'l Only with a C-Class from Cycle Carriage. To sweeten the deal, we also have184 words
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Page 16 Advertisements
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Advertisement11 2002-11-07 16 I £.\J\J£ JM jt EH^Hui U*. .f ■rt|M >a" a mmm11 words
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FOCUS deflation
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Article, Illustration927 2002-11-07 17 Anna Teo - By. Anna Teo JAPAN used to have the world's most expensive McDonald's hamburgers. In just six years or so, burger prices in Tokyo are now one of the lowest anywhere. This may have made consumers happy, and created more burger chompers among Japanese officeSauce: DOS - 927 words
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Page 17 Advertisements
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Advertisement72 2002-11-07 17 Jr Tiffany&Co. ■riw Some Holiday Business Gifts Work Harder Call 6735 1848 for the new Tiffany holiday business gift catalogue. Inside are classic gift ideas for your clients and colleagues. Tiffany&Co. SINGAPORE RAFFLES HOTEL ARCADE 6H4 CI6B NCEE ANN CITY 67*5 From bunnies to birds, And them all in The72 words
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EDITORIAL & opinion
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Article, Illustration739 2002-11-07 18 shada islam - HTTT3 I bottom line OPINION shada islam The writer is BT's Brussels correspondent LAST month's European Union summit in Brussels may have set the seal on EU eastward expansion in 2004 but the mood in Brussels and other capitals in the 15 nation bloc remains739 words
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Article55 2002-11-07 18 4 I wonder how on earth we are going to reach decisions when you will need binoculars to see who is sitting at the other end of the Council table.' Herve de Charette former French Foreign Minister, on how the enlarged KU will work when there are55 words
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Article579 2002-11-07 18 EDITORIAL ALTHOUGH the spate of free-trade agreements (FTAs) proposed at the recent Asean summit have the potential to re-energise the flagging regional grouping, Asean still has much internal groundwork to do before these FTAs can be either realised or made meaningful. The Phnom Penh summit, which579 words
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Article, Illustration859 2002-11-07 18 Robert J Samuelson - Investors mnst come to realise that to believe the board can override fundamentals like basic business cycles is pure fantasy pleasing but wrong By\ Robert J Samuelson The Washington Post Writers Group ONE of the absurd ideas that took hold in the lateThe Washington Post Writers Group; REUTERS FILE PHOTO - 859 words
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Article650 2002-11-07 18 Matthew Lynn - COMMEMTARY Here's how yon can make a fortune from Wall Street's scandals By] Matthew Lynn Matthew Lynn is a columnist for Bloomberg News. The opinions expressed are his own. DEAR investors, burned by dotcom stocks? Portfolio bulging with worthless phone company bonds? Here's how you can650 words
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MAIL bag
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Article, Illustration258 2002-11-07 19 Goh Chye Boon - Goh Chye Boon Director (Fiscal Planning) Ministry of Finance I REFER to Chua Soon Hock's letter "GST hike: heed the lesson from Japan" (BT, Nov 5). Mr Chua's comparison of Singapore to Japan is unwarranted. Firstly, Japan's problem is insufficientFILE PHOTO - 258 words
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336 2002-11-07 19 Lee Keng Thon Singapore - Lee Keng Thon Singapore I REFER to "Oei's Nat Steel moves a boon to minorities" by Ronald Lim (Mailbag, Nov 5). As a shareholder of NatSteel, I was somewhat surprised that Mr Lim saw fit to credit Oei Hong Leong alone for having336 words
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186 2002-11-07 19 Lim Boon Hee Singapore - Lim Boon Hee Singapore PLEASE refer to "Delay of Ang Mo Kio project hurting many" by Lee Han Shih (BT, Nov 5). Ang Mo Kio residents have been inconvenienced after the government tore down an NTUC supermarket and a bus interchange186 words
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Advertisement120 2002-11-07 19 Fax your letters to 6319-*****r email them to btletterQsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the120 words
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Advertisement125 2002-11-07 19 ofctorc wMi cmMMMIP providing comultMcy sarvicm J on ofhlMK illw I—l. wwyeiMlei jurisdictions British Virgin Cayman Islands jj i lI3M MMm *< BBBB|lil|AiSfl Mauritius Hongkong MP**—»"" Samoa Full nominee, management, corporate secretarial, banking anc professional administration services are available. R We also specialize in offshore trusts, offshore banks, and captive125 words
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REGIONAL news
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329 2002-11-07 20 KUALA LUMPUR Decision may help industry counter illegal operators Bloomberg MALAYSIA has allowed the country's three number-bet ting operators more time to sell tickets at their outlets, a sign that it may relax its controls on the RM6 billion (Ss2.B billion) industry. The Finance MinistryBloomberg - 329 words
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252 2002-11-07 20 KUALA LUMPUR Reuters SHARES in Malaysian Resources Corp Bhd (MRCB) plummeted yesterday after it said it had been hit with a surprise US$l2.7 million lawsuit. The diversified group's stock fell as much as 14 per cent to an intraday low of 88.5 sen.Reuters - 252 words
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Article, Illustration318 2002-11-07 20 Eddie Toh - He grants firm call option for stake in Bandar Raya Prow Eddie Toh in Kuala Lumpur THE man who helped unlock the frozen Clob accounts two years ago has entered into a call option with a company controlled by Singapore broker Wee Ee Chao over318 words
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266 2002-11-07 20 Diana Oon Abdullah - From 1 Diana Oon Abdullah in Kuala Lumpur LEISURE, retail and property group Malayan United Industries (MUI) said yesterday it has sold 18.8 million SCMP Group shares back to SCMP in a buy-back that ended on Oct 25. The shares were sold for266 words
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NOTE Book
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Article90 2002-11-07 20 Bloomberg [BANGKOK] Thailand will curb interest on credit card balances and reinstate a minimum salary requirement for card applicants from Monday. Citigroup, Aeon Thana Sinsap and other issuers will only be allowed to give cards to people paid at least 15,000 baht (Ss6o9) aBloomberg - 90 words
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Article90 2002-11-07 20 Reuters (KUALA LUMPUR] Malaysia's gross domestic product is likely to grow 7.5 per cent in the second half 0f2002, taking growth to 5.2 per cent for the full year, according to a research paper issued by Credit Suisse First Boston. Pent-up domestic demand andReuters - 90 words
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86 2002-11-07 20 Reuters [JAKARTA] Indonesia has proposed lowering its tax revenue target for next year due to the Bali blasts, which could be a plus for consumer spending but raise concerns over the financing of an expected higher Budget deficit. Lower tax revenue would raise concernsReuters - 86 words
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Article57 2002-11-07 20 Reuters [BANGKOK] Thai Finance Minister Somkid Jatusripitak yesterday said the government would wait until at least early 2003 for a planned US$l billion global bond issue. He said the delay in the sovereign Thai issue, earlier scheduled for October, was to give officials time toReuters - 57 words
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80 2002-11-07 20 [KUALA LUMPUR} Penang Port Sdn Bhd, en route to a listing on the Kuala Lumpur Stock Exchange next year, is looking to almost halve its losses from RM11.9 million (555.5 million) in 2001 to RMS million next year, the Malaysian Business Times reported yesterday.80 words
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81 2002-11-07 20 Reuters [MANILA] Tourist arrivals to the Philippines grew about 10 per cent in the May to September period from a year ago, despite kidnappings of foreigners and other law and order concerns. Tourism Secretary Richard Gordon said yesterday. "For the first time in four yearsReuters - 81 words
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73 2002-11-07 20 Reuters [JAKARTA] PT Telkom of Indonesia yesterday dismissed a media report of 15-20 per cent tariff hikes effective in February, saying it has not finished calculating the planned increase. The domestic phone operator reiterated that it plans to submit a proposal for higher phoneReuters - 73 words
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Article64 2002-11-07 20 Reuters [JAKARTA) Indonesia said yesterday it might increase export taxes on palm oil if exports keep rising ahead of religious holidays and the year-end. Traders said exports out of the main ports of Belawan and Dumai in Sumatra have doubled in the past twoReuters - 64 words
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79 2002-11-07 20 AP [JAKARTA] Officials in Indonesia's capital will deploy nearly 5,000 officers to enforce a decree that nightclubs and other entertainment venues stay shut during the Muslim fasting month of Ramadan, the Jakarta Post reported yesterday. It said security officials will for the first timeAP - 79 words
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72 2002-11-07 20 AFP {JAKARTA] Indonesian police yesterday said they had arrested a man suspected of owning the Mitsubishi van that exploded with deadly force outside a Bali nightclub last month, Antara news agency reported. The man, identified only as Amz, 30, was arrested by aAFP - 72 words
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398 2002-11-07 21 Salim also asked to settle problems blocking sale of its property affiliate Bloomberg [BALI] The Indonesian Bank Restructuring Agency (Ibra) has asked five of its main debtors, including the Salim Group, to accelerate payment of their debts to the agency, Ibra chairmanBloomberg - 398 words
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366 2002-11-07 21 [LONDON] A company with links to the Salim Group, Indonesia's largest conglomerate, will end up with a stake of up to 15.5 per cent in the country's biggest coal exporter after a decision by a provincial government, the Financial Times reported yesterday. The development366 words
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485 2002-11-07 22 HONG KONG They could replace developers, reflecting shift in HE's economy Bloomberg HONG Kong's second-larg-est bank and the best-per-forming retail stock may replace developers in the benchmark stock index, reflecting the city's transformation into a services hub ranging from finance to fashion. BOCBloomberg - 485 words
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Article, Illustration71 2002-11-07 22 [HONG KONG] Hong Kong investors gave China Telecom's relaunched initial public offer a lukewarm reception yesterday. Few people were seen picking up copies of the new listing prospectus its new cover changed to orange from blue at bank branches on the east side of Hong Kong Island.RECTERS - 71 words
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Article, Illustration368 2002-11-07 22 HONG KONG Privatisation of investment onit will lift its earnings Reuters SHARES of Henderson Land, one of Hong Kong's largest real estate developers, bolted higher yesterdayafter it announced a HK55.49 billion (Ssl.2 billion) plan to privatise its investment arm to streamline its businessReuters; Source: Bloomberg - 368 words
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191 2002-11-07 22 SHANGHAI Reuters CHINA should lower its stock-trading duty to help cut investor costs and boost bearish markets, said a research report sponsored by the Shanghai Stock Exchange and published yesterday. The 0.2 per cent tax was higher than international standards, said the report writtenReuters - 191 words
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ASIA Notes
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Article100 2002-11-07 22 Bloomberg [ZHUHAI. China] China Aviation Industry Corp II plans to sell 40 per cent of a new holding company in an initial public offering in Hong Kong, making it the first Chinese planemaker to seU shares in the city. The company to be formedBloomberg - 100 words
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Article60 2002-11-07 22 Bloomberg [HONG KONG] Tom.com, an Internet and media company owned by Li Ka-shing, said third-quarter net loss narrowed by 43 per cent reflecting increased sales from its offline businesses. Tom.com posted HK$44.l million (Sslo million) loss, or 1.34 cents a share, compared with HK$76.BBloomberg - 60 words
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62 2002-11-07 22 Reuters [HONG KONG] Asia's richest businessman Li Ka-shing has spent about HK563.5 million (5514.3 million) to buy more shares in his property flagship Cheung Kong (Holdings). Mr Li bought 1.2 million Cheung Kong shares at HK551.25 to HK554.50 each between Oct 29 and NovReuters - 62 words
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Article89 2002-11-07 22 AFP [HONG KONG] Hong Kong yesterday said it had no known terrorist support base, a day after three South Asian men were remanded in custody over an alleged drugs-for-arms plot to buy Stinger missiles for al-Qaeda. "There is no known terrorist infrastructure or supportAFP - 89 words
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712 2002-11-07 23 Anthony Rowley - It suggests this to connter growing threats to growth in the global economy From j Anthony Rowley in Tokyo EAST Asia needs to do more to stimulate domestic demand to counter a growing number of threats to expansion in the global economy,712 words
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Page 20 Advertisements
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Advertisement11 2002-11-07 20 it' Vf 0 jjm m 1 n TitfJS' 1 ifl ..^SSSKbK^11 words
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Page 21 Advertisements
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Advertisement78 2002-11-07 21 Ti Mt [Jl'jriH L-TgnSTTiWITiTt ft Motors Limited I Bl*M A ilfiTJ I Sh*ar prrt.com. »g Orbing PI«««or» Road. Tel 6319 0100* SimeDartay Centre. 896 Dunearn Road. Te***** 0500' East Coast Centre, 2flOKaniponqAranq Road. Tel 6319 0600. Mon-fn9am-7pm. Sat 9am-6pm Sun Public Holidays 10am-spnf A member of the J Sime Singapore78 words
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Page 22 Advertisements
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Advertisement492 2002-11-07 22 Another Milestone For KOKIISAI KEISO CO., LTD. 0 fe® e SINGAPORE BRANCH 508 305 9138 No. 7 Third Chin Bee Road L "V Singapore *****3 f jI Tel: 6266 3717 Fax: 6266 2272 Til (j( E-mail: s-tabata@kokusai.co.jp 1 i, VI4UUI/ I UKAS Website: www.kokusai-keiso.co.jp cjqq 'wwoSI? 1 1J r safof492 words
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Page 23 Advertisements
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Advertisement133 2002-11-07 23 mmmi WMm 'w'Wwm SllfM' ,4- >■ > f r £T*«H®Mm£" W -im •jti® iifM itswm'lSi© Twsikm*s When it has to be there on time, more companies trust us. Urgent shipment? Don't worry. Trust the company with reliable express delivery company in Asia Which is probably that keep trade flowing between133 words
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Article, Illustration975 2002-11-07 24 Transaction date: Nov 6 ■I— IIMIIM t« BWI, a u, <tsm.N-.UB 0.073 4.654 0.563 4.374 27.104 51.671 0.697 6.8S4 2131 1114 u OK> >Q<M A MA c C4/ Cwuii 1.145 ;}g 0 645 5 011 ***** 59 «N am im 19.433 ***** 0.360 0.561 ST us 0*. 09J! sS975 words
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Article1414 2002-11-07 24 SICOm»OTUKBS gy WHO f*m (ChiN p*«) RSIacwhAe) aaw Votaw Op«i low Srtt <tmm) mmSi £25 m.oo J* 03 M9 75 MM* "*<» 149.75 RSS 3 (UScmIiAq) VMhh lm wtt Oman) Mmt 0*02 9425 9425 842S 250 1400 W 85.00 1475 8475 700 3225 F*03 85.00 8475 8475 700 39251,414 words
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Page 24 Advertisements
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Advertisement19 2002-11-07 24 itffe: KUOmS| PfcflftflliilOtjS SOUpS dftu ITIUCtI v ufcnara fiQscs IHHHHHBta THEFOODSHOP pamper your tastebuds B JfagjM Hfar J <*'w»ii19 words
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WORLD news
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758 2002-11-07 25 WASHINGTON Victory gives Bosh leeway to push his agenda of tax cats and war in Iraq Reuters, Bloomberg REPUBLICANS won control of Congress, the first time since George Washington that a president's party gained control of the Legislature in a mid-term election. The winReuters,; Bloomberg - 758 words
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WORLD Watch
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Article71 2002-11-07 25 US pension plans tost 9.5% in Q3 Bloomberg [NEW YORK] US pension plans lost one-tenth of their assets on average in the third quarter, causing many funds' liabilities to exceed their assets, according to a Mercer Investment Consulting survey. Corporate pension funds had a median loss of 9.5 per cent,Bloomberg - 71 words
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71 2002-11-07 25 Reuters [NEW YORK] A weekly index of US consumer confidence stabilised in the latest week, helped by slightly improved expectations for the future, but worries about the economy kept sentiment not far off eight-year lows. ABC News/Money Magazine said its weekly Consumer Comfort index edged upReuters - 71 words
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Article60 2002-11-07 25 Bloomberg [NEW YORK] Optimism about US stocks rose to the highest in six months last week, according to a poll of financial advisers by Investors Intelligence newsletter. The percentage of advisers considering themselves bullish climbed to 49.4 from 43.4 the week before. The percentage ofBloomberg - 60 words
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56 2002-11-07 25 Bloomberg [TOKYO] Japanese household spending rose for the first time in three months in September. Spending rose 5.1 per cent, following a 1.7 per cent decline in August, the statistics bureau said. The index of leading economic indicators rose to 60 per cent in SeptemberBloomberg - 56 words
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485 2002-11-07 25 m NEW YORK It cites questionable IPO allocation practices Reuters, NYT THE Securities and Exchange Commission has notified Goldman Sachs Group Inc and JP Morgan Chase Co that they could face civil charges for practices related to new share issues,Reuters,; NYT - 485 words
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248 2002-11-07 25 NEW YORK Reuters GENERAL Electric Co plans to announce sweeping changes to the composition of its board of directors and how it operates as the group moves to bolster investor confidence in its corporate governance practices, the company said on Tuesday.Reuters - 248 words
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Article, Illustration277 2002-11-07 27 Berkshire's total investment in Lloyd's syndicates now over USsl.4b Reuters [NEW YORK] Warren BufTett has emerged as one of the biggest backers of the prestigious but cashstrapped Lloyd's of London insurance market with the recent investments of firms in his empire. The Omaha-based billionaire's moves comeReuters; BLOOMBERG PHOTO - 277 words
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580 2002-11-07 27 BOSTON Purchase will make it No 1 investment service provider Reuters STATE Street Corp has staked a claim to become the world's biggest investment services provider, a business that rarely sets hearts racing but is critical for anyone who has ever boughtReuters - 580 words
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Article519 2002-11-07 27 SYDNEY It sees high teens to low twenties per cent growth as ads bounce back Reuters RUPERT Murdoch's News Corp yesterday reported quarterly net profits more than doubled, as a bounceback in advertising from the post-Sept 11 slump boosted the media's group's cable network operations.Reuters - 519 words
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Article, Illustration535 2002-11-07 28 ZURICH Mired in accounting scandal, it names new CEO ahead of vital capital raising 4 Reuters SCANDAL-HIT Swiss Life yesterday ousted its chief executive amid allegations over dubious management perks. Switzerland's largest life insurer said chief executive Roland Chlapowski would leave immediately. TheReuters; AFP - 535 words
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328 2002-11-07 28 CHICAGO His tenure saw the exchange return to financial stability Bloomberg CHICAGO Board of Trade (CBOT) chief executive officer David Vitale has resigned, less than two years after taking over leadership of the second-biggest US futures market. Mr Vitale, a former Bank One CorpBloomberg - 328 words
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343 2002-11-07 28 NEW YORK Firm inflated earnings by USs2b more an disclosed NYT THE Securities and Exchange Commission filed additional fraud charges against World Com on Tuesday, saying that the company inflated earnings by almost US$2 billion more than it had previously disclosed in accountingNYT - 343 words
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Page 25 Advertisements
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Advertisement47 2002-11-07 25 J returns on your idle funds while waiting for your next trading trading power by up to interest-free period when trade using our iC-. yds. After all, when your mone k h d t k CII DBS V k S e3S^ opt mal cash account DBSVICKERS SECURITIES47 words
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Article4774 2002-11-07 26 Transaction date: Nov 6 for more, go to uvirw.asiaorieriiriarketsxxm HONG KONG HK Exchanges 4 Clearing 10 35 0 10 4759 Vol HKRInt'l 1.33 0 02 688 —> Hong Kong Electric 32.20 0 20 2959 Hongkong Chinese .0 53 unch 308 G ne,al 002 unch 800 Hongkong Chinese Ltd4,774 words
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Article2379 2002-11-07 26 Transaction date: Nov 6 KUALA LUMPUR Fra*r«Nea*e........ .3.40 -o« 273 yg| FSBM 184 mch 0 RM W- (000) FW Industries 3.16 unch 0 Gadana .036 unch 0 AiMRcctv .031 -0.03 1 Gamudb ..5.75 unch 220 Abric 1.13 0.11 154 GanadCorp 3.72 0.02 6 ACP Industries .2.88 -0.03 47 General2,379 words
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Article812 2002-11-07 26 Transaction date: Nov 6 o— Q—iII 9*a*w» WI g— a— C*C„ 040 WOO NMSMSOc 043 2.000 OCQO CapMaLand 1-29 1.270 -0.010 OCK Mi 10 500 *OJOO Chart SamtCond 26c an 0 905 *0.025 OUf OS* UJO <0.100 C*yD«v50c Ml 44*0 *0020 Partway H 25c OH 0J15 Cim»wT25c 0 70812 words
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Article534 2002-11-07 26 BONDS WARRANTS M Cm lar mII iw 'Sfi! «•>- rw> w i— uw AST1W*****1 173 1 16 123 0 86 19 Acma ltd WW1116 1 1 SO 700 3-25 24 AmtekW*****0 flj 1 186 1 33 147 31 Armstrong W040S20 15 1 10 130 3.33 18 Bar 6*SA*****1 10k 104534 words
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Page 26 Advertisements
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Advertisement22 2002-11-07 26 K '°P warm. K(h-|> ,iw,iy hlistiMs. Kirp playing. Whatever yotn ihm-cK. k I v on I i.inlii' /anliao lassificd to imvi th.-in.22 words
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Page 27 Advertisements
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Advertisement135 2002-11-07 27 If you seek luxury, then pamper yourself in Hong Kong with Cathay Pacific's Super City Elite Package*. Imagine this, a Business Class round-trip ticket, with airport transfer by a private car and 2 nights' super deluxe accommodation at a world-class hotel. Feast, shop, he entertained! You'll go on a half-day135 words
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Page 28 Advertisements
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Advertisement63 2002-11-07 28 <£) z 7.15am I o o o Checked e-mail o_ fD before breakfast i hi n n O -i zr O rt fD_ on Trust the Novotel Apollo Singapore S I You can trust Novotel at hotels from y Hong Kong to Sydney, Shanghai to Bangkok, Kuala Lumpur to Beijing,63 words
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Advertisement402 2002-11-07 28 M TW MATTER OF THI COMPANIES ACT. CHAPTH SO AND m mi tumor s« JUMSKm scivices rn ltd ItN CIEDfTOCS VOWMTAIY LIQUIDATION) NOTICI IS HECESY GIVIN K» <t» knot mMng d —6— ami amdton at tm abcwnri r "T~ r J n Diwfc.. 2002 o» 2.00 ?j». ond lis? J*402 words
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Advertisement222 2002-11-07 28 JYH YANN CONSTRUCTION TRADING PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY given pursuant to Section 308(2) of the Compomes Act. Cap 50 that the Finol Meeting of Members of the above nomed Company will be held at Block 809 French Road #05-168 Singapore *****9 on 10-12-2002 a* 10:00 am222 words
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Advertisement445 2002-11-07 28 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF EURO ASIATIC OIL CONSULTANTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap 50 that the Final Meeting of Members of the445 words
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Page 28 Miscellaneous
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Miscellaneous199 2002-11-07 28 dtVFTIC CROSSWORD Plant producing fruit before •nrtialty (9, 4) 28 Rod pfOCBS 9 Guy reorganising soccer war 26 Virginia's cover is sound (5) 10 Gxint said to be disguised 2 Almost expecting to go as caretaker (9) StSS ?2rS aboard (3, 2) 13 Many a theologian had youth n M3Emie199 words
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Page 29 Advertisements
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Advertisement456 2002-11-07 29 f@l rssrn 7 fff I <*& irrri Hi Sweetie, S ly s«| Just wanted to say 1 '3~ how much I miss you. S ler^SS j I miss your tender touch, < t<7 Wl<rh your sweet voice, r and your gentleness. A I really look forward i to being with456 words
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BIZIT
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468 2002-11-07 30 Telecom firms to invest 13t won in broadband networks by 2005 Reuters [SEOUL] Aiming to hook up every household to the Internet, South Korea unveiled plans yesterday for telecom companies to invest 13.3 trillion won (5519.2 billion) in high-speed broadband networks byReuters - 468 words
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133 2002-11-07 30 AFP [TAIPEIJ The world's third biggest flat panel maker, Taiwan's AU Optronics Corp. said it will invest NT$lO billion (Sssoo million) in technology development in the next three years. The investments will include building a technology R&D centre in Taiwan. "Our company hasAFP - 133 words
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218 2002-11-07 30 Bloomberg (TOKYO) Amazon.com Inc began selling used books, music CDs. video games and DVDs on its Japanese-lan-guage website. Sales began yesterday, the president of Amazon's Japan unit said. Used goods for sale are limited to the kinds of new products theBloomberg - 218 words
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137 2002-11-07 30 Reuters [SAN JOSE. California] Data storage networking company Brocade Communications Systems Inc will buy closely held Rhapsody Networks for about US$l75 mil lion in stock, adding technology to ease the management of different kinds of computer storage devices and networks. Brocade, which dominates theReuters - 137 words
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1328 2002-11-07 31 Chana R Shoenberger - Forbes global Is there money in wireless broadband for cars? Automakers, telecom carriers and hardy innovators are intent on finding out n 01 a o By Chana R Shoenberger CARS can be prosaic, so Volvo has taken to selling computers. At the Ford1,328 words
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Article, Illustration362 2002-11-07 31 Bloomberg [BELLEVUE, Washington] Microsoft Corp, whose antitrust settlement with the US government was approved last Friday, rejected requests to pay dividends because Microsoft faces other lawsuits, CFO John Connors told shareholders. "While the ruling on Friday was a positive, we still face someBloomberg - 362 words
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303 2002-11-07 31 Seasonally lower revenue likely to hurt Q4 results Reuters [NEW YORK) Online travel company Priceline.com Inc reported a wider quarterly net loss, hurt by heavy discounting in the airline industry, and said it would cut its staff by 15Reuters - 303 words
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Article, Illustration536 2002-11-07 32 Tang Weng Fai - Crisp clinches exclusive distribution rights for data beamed by 'Spot 5' W Tang Weng Fai THE Centre for Remote Imaging, Sensing and Processing (Crisp) has set up a new facility to sell remote sensing data captured by "Spot 5", the newest satelliteFILE PHOTO - 536 words
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Article, Illustration670 2002-11-07 32 kenneth james - IH comment INFOTECH kenneth james The writer is BT's Technology Editor LET'S play word association. "Handwriting recognition". Did someone say, "Newton"? Qr "Awful"? Or "Don'tr make me laugh"? Now try "Tablet PC". Do I hear "Handwriting recognition"? Ouch. f The Tablet PC, launched670 words
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Article2669 2002-11-07 30 Transaction date: Nov 6 for live prices, log on to wwwjjsiaotiemarketssom -J* OhfcW M MCJB temygr Sato ft I—I U» lum Mir CV P* yjji ABNAmroNLG 56c 9 U 20.5 9 Ad 0ynamks20c 11.5 9 12 07 8 1 1 io> fiS 525 M S?zzzzzz£ 2* j 'J2,669 words
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Article46 2002-11-07 30 .*5=—£=« s a Jr u. srs. "t a -"i s ra ***** 7310 Dwmorxfc US8280 S800 1700 ISDJUSTcdl UV700cdcd Vi SSS KMSCISpoa* USSSScdcd "■0 8200 rSSiPSOO US8270cdcd "7S0 8280 VOK U***** I I tarn 1383 STirrMOO —1«75 *15 2 1480 1460 1460 1479 I46 words
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Article827 2002-11-07 30 ■==£=—s=M a a aya.'-t a-a 22.5 9 A8R HtdgsSc tl fi u «os i4 "1 5 "i H» r* s« 5 J' S 1 N US 7 Aumk St uncfi 68 9 9 9 9S 4 r °t 5 5 s 21 »i ns us Av*t*sc 2s .if827 words
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Article195 2002-11-07 30 £2 *£L l««lQuote GrOtv tt» GrYW MM MCjb C 'f *"l. M» W C—1 Lo» jdhr C»f HI fcj m JSL S 21 92 92 92 925 40 3 4 10 9 5 4 1» £jv£nr 265 2 1 7 4 6 *****2 55 45 240 6.3 6195 words
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Page 31 Advertisements
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Advertisement332 2002-11-07 31 Where to wine, dine and entertain... '""tgi* Pte£s2t,SsES;S2! (J®£SSS2£r Savour authentic North Indian famous fare which Indude Naan. Chicken. Mutton or Seafood Tandoori Tlka. Marsala and many more. Plus, enjoy all the signature favourites of Japanese Sashimi and Tempura. Singapore Laksa, Indian Rotl Prata and Hong Kong Drunken Prawns and332 words
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Advertisement80 2002-11-07 31 1 jfl v BUFFET DINING AT ITS BEST Fresh oysters, dclectablc lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering r dishes to leave you spoilt for 7 choice. < Reservations: 6831 6271/72 S ■—3C— 1 Mandarin UJ Singapore ■j BB.r 333 Orchard Road. Singapore *****7.80 words
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Page 32 Advertisements
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Advertisement73 2002-11-07 32 I con vert J Drive one today. T ne innovative, ie i! igent Tungsten'*' T >fl ha' a-,eld from Palm v runs business v fl anp' cations with amazing efficiency. Peitectiv designed for the demanding !Ej! 'nalni, I "-S-- "J-n'ou., design. high resolution coloui display (330 330) huilt-'<n Bluetooth and73 words
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SHIPPING TIMES
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Article266 2002-11-07 33 Reuters THE Baltic Dry Index (BDI) rose five points to 1,435, the Baltic Panamax Index (BPI) gained seven points to 1,357, the Baltic Handymax Index (BHI) shed two points to 9,641 and the Baltic Capes ize Index (BCI) was up eight points to 1,876. TIME-CHARTER: Nikolaos K (builtReuters - 266 words
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Article260 2002-11-07 33 SOX '000 CWT Distribution—0.72 unch 0 ChuanHup 0.47 unch 849 Cosco Investment 0.18 0.01 95 Freight Links 0.04 -0.01 68 G8 Holdings 0.66 unch 10 Jay* Holdings 0.25 unch 341 Kepp*l Corp 4.34 0.08 926 Marin# 0.17 unch 97 Kepp*l Tele 0.96 unch 15 Labroy Marin* 0.23 unch260 words
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Article, Illustration383 2002-11-07 33 US PORT STRIFE Negotiations take a break after failure to agree on pension package AP [SAN FRANCISCO] A federal mediator called for a oneweek break in contract negotiations covering West Coast dockworkers, after the shipping industry and longshore union failed to reachAP; FILE PHOTO - 383 words
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Article, Illustration590 2002-11-07 33 Donald Urquhart - National carrier's container business performing well By Donald Urquhart [SINGAPORE] A small but growing niche player in the container shipping industry, the Islamic Republic of Iran Shipping Lines (IRISL), is intensifying its regional focus by establishing a South-east and East Asian590 words
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Article, Illustration484 2002-11-07 33 P T Bangsberg - Kwai Chang box complex can't deal with 7,000-TEU ships: Gordon Wn By\ P T Bangsberg HONG KONG'S feisty gad fly Gordon Wu is roiling the waters again with a claim that the world's largest container port can't handle the next generation484 words
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ANTI-PIRACY device
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Article, Illustration712 2002-11-07 34 A maritime security firm has devised an electrical fence to deter pirates as they try to board ships Bloomberg [ROTTERDAM] IT is enough to make even hardened sea dogs think twice: a 9,000-volt electric fence to zap pirates and other intruders asBloomberg; REUTERS,AFP FILE PHOTOS - 712 words
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Article134 2002-11-07 34 PAGE BSA 6 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 Central Ex 4 China Shpg 5 Cougar 5 CWT Globelink ...6 Delmas 4 Dongnama 3 ECL 3 Evergreen 4 1 Foong Sun 5 Fujitrans 6 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5134 words
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Article10665 2002-11-07 38 thebusinesstimes EXPORT Ml **********1 III 11 -T.T.. u .111 HirrrnimrTTT^Mi A Ad r'r Vo K T Wn. I £TA ETA MwttarM Vo Y Trt.*™, I FTi rI cL* H A Ad er, s r Vessel Voyage Telephone ETA ETA Advertise* Vessel Voyage Telephone SSL...®!*?. 1 N— Number Number10,665 words
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SHIPS IN PORT
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Article675 2002-11-07 40 Voy No Berth Arrival Departure JURONG PORT CEC DAWN 06SA J25 A/SIDE 07/11 040C CITRAABADI JB111 12 A/SIDE 07/11 030C GANDA4 06/02J J14 A/SIDE 07/11 120C SHAN FURYU 17/02 J3 A/SIDE 07/11 070C SING LH 11 JB1101 J6 A/SIDE 07/*****5 SINGA ENERGY ***** J12 A/SIDE 07/11 0300 SRIBARU1675 words
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Article1503 2002-11-07 40 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Bertl Name Voy Voy seq berthing Nmt> ACX SWIM 008N QQ9N I 09/11/2002 15:00 10/11/*****300 AL ABOALI C207E C207E 1 09/11/2002 0800 09/11/2002 1700 ALAMJAYA 2 081JN 0613N 1 07/11/2002 23:00 08/11/*****600 B07 ALAMJAYA 2 0814N 0814N1,503 words
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Article520 2002-11-07 40 Carton 31 D**sWt »esitoe AmAtwialiii St^wtmt %M/H M/W» %in %yu %mai mt ISO/Cmmc Limits Spec £25 991 10 15.0 0.10 80 010 S*t G3S 991 10 M O 0.8 80 O.W Northern Europe 180 Ave 900 4 02 11.0 0.04 28 002 180 Mm 991.8 2.2520 words
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Article145 2002-11-07 40 Not 11 Italy: Remembrance Day. France: Remembrance Day. Belgium: Remembrance Day. Canada: Remembrance Day. USA: Veteran's Day. Nov 12 Taiwan: B day of Dr Sun Yat Sen Nov 15 Belgium: King's Day. Nov 23 Japan:Thankgivings Day. Dec 5 Thailand: King's Birthday. Dec Malaysia: Hari Raya Puasa. Brunei: Hari145 words
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Article833 2002-11-07 40 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and833 words
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AIR & logistics
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348 2002-11-07 41 Reuters [SHANGHAI) GE Aircraft Engines said it has signed a letter of intent to provide engines for a regional jet being developed by China's AVIC I Commercial Aircraft Co Ltd in a deal worth a potential US$3 billion over 20 years. TheReuters - 348 words
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504 2002-11-07 41 They blame cramped aircraft cabins and claim millions in damages Reuters [LONDON] Victims of "economy class syndrome" went to London's High Court on Tuesday to sue some of the world's biggest airlines over deadly blood clots they blame on cramped aircraft cabins.Reuters - 504 words
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Article, Illustration54 2002-11-07 41 Vo%*i tiSh entr ep ne ur Richard Branson celebrating with members of his staff, dressed as native Americans, an access deal for Virgin Blue to the old Ansett terminal at Sydney Airport, yesterday. The deal may ultimately open the gates for the low-fare carrier toREUTERS - 54 words
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Article, Illustration496 2002-11-07 41 Beth Jinks - Parent Deutsche Post wants to cnt duplication in gronp By] Beth Jinks [SINGAPORE] Worldwide logistics major Danzas will be integrated with sister express company DHL from April 2003 in a major restructuring by their German parent Deutsche Post World Net. Under the move, Danzas activitiesAP FILE PHOTO - 496 words
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Article, Illustration340 2002-11-07 41 [GENEVA] German business airline EAE-European Air Express on Tuesday opened a twice-daily Monday to Friday and Sunday evening service between Cologne and Geneva which is expected to give an additional boost to once-trou-bled but now expanding airports in the two cities. Officials of theReuters - 340 words
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173 2002-11-07 41 [SINGAPORE] Exel. the world leader in supply chain management, has been named the largest third-party logistics (3PL) provider in North America by Transport Topics, the trucking industry's newspa per in North America. Transport Topics' "Logistics 50" is a new listing providing a ranking of173 words
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FAST Track
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89 2002-11-07 41 [SINGAPORE| Griffin Marine Travel, the world's largest crew travel expert, has become the first western company of its kind to enter into a joint-venture agreement with Mases. a leading Chinese manning agent. Mases is a part of China Marine Seaman Service, a subsidiary of89 words
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Article70 2002-11-07 41 [SINGAPORE] The Logistics Institute-Asia Pacific and Exel are jointly holding a logistics conference, Logistics 20/20: Vision Towards Perfecting Your Supply Chain tomorrow. The conference is aimed at equipping logistics professionals with new industry research, expertise and experience. Among speakers are John I„angley, professor of supply chain management from70 words
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AIR & LAND transport
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495 2002-11-07 42 Cutback on costs, flights and jobs are helping to boost bottom lines AP [LONDON] Having cut costs, pared back schedules and laid off many employees, some of Europe's largest airlines are starting to post fatter-than-expected profits, even as air travel remains weak.AP - 495 words
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Article, Illustration272 2002-11-07 42 Arrival of Cebn Pacific may help bring air fares between the two countries down [SINGAPORE] Cebu Pacific Air yesterday became the second Philippine airline to operate direct daily services between Singapore's Changi Airport and Manila, increasing scheduled flights between the two from 35 to 42ARTHUR LEE - 272 words
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211 2002-11-07 42 AP [RENTON, Washington) The Boeing Co has rolled out the first of a new line of airborne warning and control system airplanes based on the 737 jetliner. In late 2000, the Australian government became the launch customer for Boeing's "Wedgetail" AWACS plane.AP - 211 words
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122 2002-11-07 42 Reuters [MADRID] Spanish airline Iberia plans to offer low cost, no-frills tickets on some of its routes, Spanish daily newspaper El Mundo reported. A source at the firm would not comment on the report but confirmed Iberia was working on a strategicReuters - 122 words
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LOG Book
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Article87 2002-11-07 42 Bloomberg [ZHUHAI, China] Airbus SAS plans to build a ship in China that will be used to carry components of its proposed A3BO superjumbo jetliner to France for final assembly. The contract has been given to Jiling Shipyard in Nanjing, Airbus said in aBloomberg - 87 words
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Article102 2002-11-07 42 AFP [HONG KONG] Some I,ooojob seekers attended a recruitment event held by Hong Kong carrier Cathay Pacific as the territory continued a bid to lift itself from its economic doldrums. The airline is seeking to hire 800 flight attendants. Cathay has said an additional sixAFP - 102 words
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467 2002-11-07 42 AIRLINE WOES Bloomberg [CHICAGO] UAL Corp's United Airlines said a German bank has agreed to let the airline delay US$5OO million in debt payments due this year, giving the company more time to avoid a bankruptcy Tiling. The world's second-big-gest airline said KreditanstaltBloomberg - 467 words
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362 2002-11-07 42 Move necessary to compete with budget carriers, says CEO Reuters [DALLAS] AMR Corp, the parent company of American Airlines, said in a message to employees it needs to cut operating costs by up to US$4 billion in order to compete with budget carriers asReuters - 362 words
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Article1956 2002-11-07 42 fLIGHT tT fLtCMT £70 S025 0700 8*7305 2255 Mtlrt* 6*7381 1840 8*7382 2)50 6*973 0910 0f5 2255 0F«1 1840 QF82 2150 MUM 1545 IM9763 2350 A1436 2330 ***** 1545 MM 2350 AmtcrUm SOM n*« r.«74 mm LM7T8 1650 S026 2350 S035 0655 6*974 0130 W457I 16501,956 words
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Advertisement80 2002-11-07 33 Profits of European airlines beat forecasts RAO PAGL Blood clot victims move London court against airlines PA i i 9 Shock tactic to keep pirates at bay M For advertising/subscriptions, call Bernard Ong: 6319 1645, Jarrod Leong: 6319 2089 For editorial matters/special features: Beth Jinks: 6319 5214, George Joseph: 631980 words
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Advertisement482 2002-11-07 34 11 NORTH AMERICA GULF/INDIA SUB-CONTINENT ||3UPER SHtTTTLE EXPRESS (SSX) lOULF KARACHI EXPRESS (GNQQ VOY LGO KG VBSa VOT JU Ma M I 4mw w S7TI Pto »uori» omossa vrnnr Olf 30/10 31/10 "ii/il io/ii 00Q NFTWRUNDS 40W41 25/10 12/11 13/11 HMUOA MAIU CM 04/11 a//n m/ii 00Q MITAJN 54W42 01/11482 words
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Advertisement608 2002-11-07 34 lines services represented by IMembers of Ihe Registry of Members of the feißiH Accredited Shipping Agents, S,n9opore Lo 9' sHcs ~\°m Sngapore Shipp<ng Association Association ULY UNE MALE VOT Ftt iu UA A f. kumc spore mu Princess Lily 0902 17/11 18/11 26/11 Empress Lily 0802 05/12 06/12 14/12 Princess608 words
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Advertisement945 2002-11-07 35 TO USA (SAX SERVICE) VtSStl VOY SIN ETA LAX OAK DAL HOU CHI (01 MEM ATI NYC API HOLLAND 1121 16/11 21/1) 25/11 25/11 IS/11 25/11 20/11 2S/I1 24/11 24/11 APL ENGLAND 1141 20/11 07/12 07/12 07/12 07/12 07/12 01/12 07/12 of/12 09/12 AftCAWADA ">* »2/12 H/12 14/12 14/12 14/12945 words
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Advertisement1381 2002-11-07 35 <■ DIRECT CALL 10 SNFHR is PTE LTD #MWI OVnwMhPA) L MNSOW V?3IS37S/7S I I Sgg I BANDAR ABBAS- 12DAYS sow iho nLOMSMit* wl#7 3S3ii;q coHvtimoom mnsmi/im *****323/73 w 1,6 m w uu *o wii m u m 3gSSR"« IvJ! i»/»i iwi f 7 KISSS 04/11 2£? 77/10 3|/, o1,381 words
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Advertisement511 2002-11-07 35 'rummum 1 iKSL I.W. I rys ISW I IMLJ vessel voy sll( sig jn MMdM wow ii/ii uubhum mos m f27ii —mr~ HUESAIHUM HQS/ |IS/1I l?0 ll 21/11 M/ll 28/11 30/11 UUIHUM ~MIS uTTI ltTil mTTT V*"""" m* \n/u I?7/n n/]\_j/n__s/n_j/}T IjuiwijM Sb n/n "iKi —vKT |mm IHUM I *****511 words
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Advertisement717 2002-11-07 36 HYUNDAI MERCHANT MARINE CO., LTD. CR NO. **********0H 181 AMT WW NV VESSEI VOY SOU LEH rm ANT HAM nv Tff™ iiwMWM ?112 2K!!" /n n/n M/n 004E M/IO OS/IO 24/09 01/10 22/10 Afl DENMARK IO3W 07/11 14/11 26/11 20/11 WIMWUII I0?f 10/09 07/11 04/10 Jl/18 MOl PERFORMANCE 00SW 01/11717 words
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Advertisement686 2002-11-07 36 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS MM*! soisw otxx omoy i?xx lsw> TQwawTO ootow nxx i3»ov 17 «x m IQttWWWA YTWQII nXX TOXft <w> *****, x WMHKM 75 XX ?7 WO* 01 DK "MOK 07DH lAJX6A6OMI Oltw 107DK HQK MIX iiqk KM ALSO686 words
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Advertisement1137 2002-11-07 37 l VtSstl VOV I KHH I HKG I SIN I PKI 1 DXI I*l DMM IRAN KERMAN PCL 284 04/11 05/11 09/11 10/11 17/11 It/11 24/11 26/111 IRANISfAMAN pel 285 11/11 12/11 16/11 17/11 24/11 25/11 01/12 03/12 IRAN HORMOZGAN PCL -286 18/11 19/11 23/11 24/11] 01/12 02/12 08/12 10/121,137 words
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Advertisement579 2002-11-07 37 I UK CONTINENT SERVICE I Loading to I MICHAEL S ROM/ATW/BMN/UK/NAN I OURANIA SMILE ROM/ATW/BMN/UK/NAN I HUA GUANG ROM/ATW/BMN/UK/NAN II Loads Smgapore, E7W. Malaysia. Indonesia J MIDDLE-EAST SERVICE Loading for KALMA HDO/JDH/AQA/DMT HIGHLAND LIGHT DBl/ABU/DOH/BRN/DMM/KWT LOK KIRTI DBl/ABU/DOH/BRN/DMM/KWT HABIBE ANA HDO/JDH/DMT ANGELA HDO/JDH/AQA/DMT MANA DBl/ABU/DOH/BRN/DMM/KWT J "Loads Srigapore E7W. Malaysia,579 words
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Advertisement698 2002-11-07 37 $H IWDOIIftISS 1 Itmu M/ 11 tf/11 mummi Jf{ jJL- fs_ »«09»wmi Mist_ 14/11 —u^n SKu —if4f| .MSI —W^— 30/11 1 Uotamaju 07] ffijj *BW SCSI sg wu vtssa HUMM 8414J SS/1J ***** Txrsi f- j?7rj 7777: j jjg atIMMA 5121 11/11 71/11 23/11 IBMA TtrTo m/ii —H® l ft*698 words
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Advertisement128 2002-11-07 38 I LINE V>l *»Tim Pw—■ |»«l— l a—i Y— I|Ct| Tr»h P*fcfl|n—»|M^—»] Colifornio Senotor 950E 12/11 28/11 04/12 05/12 Coliforn.o Senotor 950€ 12/11 10/12 19/12 20/12 22/12 24/12 26/12 California Senator 950E 12/11 "22/11 OMIT Q3/12~ 05/12 WTTT London Senator 953E" 19/11 28/11 04/12 05/12 London Senotor 953E" 19/11 10/12128 words
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Advertisement252 2002-11-07 38 CWT GLOBEUNK PTE LTD W OWN OFFICCS IN TEL:€ *****33 (36 LINES) FAX.*****742 M %X/ \VONIY MELBOURNE PENANG PORT KELANG PASIR GUDANGKUCHING BANGKOK KARACHI BOMBAY r t ,COLO ,OHO CHI H CITY HAIPHONG HANOI BBC Ml N HAMBURG TIANJINQINGDAO SHANGHAI XIAMEN FUZHOUDALIAN XIAN BEIJINGSHI JIA ZHUANG DIRECT SAILING TO: Mf«r252 words
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Advertisement15 2002-11-07 38 KEEP UP TO DATE ON TRENDS WITH THE LINER SCENE FORTNIGHTLY ON MONDAYS Shipping times15 words
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Advertisement219 2002-11-07 38 MYANMA FIVE STAR UNE W" WT SM m KM m QNN SHWI HAW S4 W SU) 'AGAN V3O6W SU> W MALAYSIA: lOUSTEAO SHIPPING AGENCIES ■IK: 03-*****300 PIL 03 3176*101 PEN: 04-2****** BANK LINE (A serwe «(Uhtm W«ir ttippwq) YT 1 NORTHBOUND TO EUROPE V CONTAINER, RORO, MUX IKAVYUFTS VBSn «l219 words
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Page 40 Miscellaneous
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Miscellaneous126 2002-11-07 40 ~~< nfe j legend: Issued by Meteorological Services Division, NEA K Thunderstorm A Showers y^\ Rain emperature Wind direction and speed in 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 j Sl, 9 hti126 words
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Advertisement64 2002-11-07 41 Anchor your advertising on a firmer foundation nnß! Wherever your business may jMpJ venture, the Shipping Times is the perfect partner to help you establish a stronger presence and expand your i market share. Raise MM ///Mr your profile among the y/rw //if industry's leading names, extend your business network,64 words
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