The Business Times, 25 November 2002

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Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 MiTA(P) 010/03/2002 85C THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg MONDAY, NOVEMBER 25, 2002
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  • Article
    Lock icon MARKET SUMMARY
    68 1 STOCK MAUET INDICES Week Change STl *****1 +8.76 SIMSCl PUTURE_I7Sl80 +0.86 KLSE OOMP 639.12 *76 NIKKEI *****6 +26*97 HANG SENG —*****.32 +199.67 SET INDEX ***** +615 JAKARTA COMP—381.46 +711 MANILA 1054.86 -JJl TAIPEI WP1 4767.61 -***** SEOUL COMP ***** 19J8 SHENZHEN B 188.03 -141 AIST AIX ORD_2999.48 +34.76
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  • Article
    Lock icon FINANCE
    63 1 FOSEX BATES US$ (S$ per US$) 1.768 Si(lS$/S$ per 3£) 1£7» 2.784 El'ROn'SS^S&'E). 1.003 1.773 YEN 122.1 69.00 RM 3.800 2.149 HKS 7.799 4.411 BAMT 433# 24.62 Rl'PlAH 9,027 5,106 PUKE KATES SINGAPORE' 5iS Kl'ALAU MPl'R 640 HONG KONG 1.000 JAKARTA 39.00 TAIPEI 6£00 TOKYO 1575 SEOUL 9 M
    63 words
  • Article
    Lock icon GST hike may be phased in or deferred: PM Goh
    628 1  -  Between the two, PM prefers phasing in; decision to be made in two weeks By Andrea Tan [SINGAPORE] Prime Minister Goh Chok Tong sprang a surprise yesterday on the controversial plan by the government to raise the Goods and Services
    628 words
  • Article
    Lock icon M'sia gears up for health tourism blitz
    702 1  -  Ministries and private hospitals in talks to make it a medical centre From 1 Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S push for health tourists is expected to get a major boost later this month from a govern-ment-private sector initiative to further tap
    702 words
  • Article
    Lock icon US port workers and employers strike deal
    456 1 6-year contract includes provisions both sides sought Reuters [SAN FRANCISCO] US West Coast longshoremen and port employers on Saturday reached a six-year contract deal, bringing an end to a bitter dispute that led to a 10-day shutdown of the docks that handle more
    Reuters  -  456 words
  • Article
    Lock icon Unemployment insurance deserves to get abetter hearing
    861 1  -  COMMENTARY Anil k w4h —y mfP WfAWIIA VIKRAM KHANNA IN the recently released report of the Economic Review Committee's Subcommittee on Dealing with the Impact of Economic Restructuring, the idea of unemployment insurance (UI) was dismissed in a single paragraph. This is unfortunate.
    861 words
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      134 1 prams Top Stories Indonesia faces drought Nmxt Page Warehoose-styte retailing may take off in S'pore. Pg 6 China Focus United Food promises better disclosure to mend investor ties. Pg IS BT Comment Kafpana Rashiwala: CapitaLand could gain from asset writedown. Pg 3 R Sivanithy: A market with an identity crisis.
      134 words
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      10 1 Mafllwf Now not the time for balanced budgets, Pg 9
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  • NEXT page
    • Article
      Lock icon Wall St forecasters see rosy X'mas, New Year
      813 2  -  But hopes for sustained rally may be dashed as Q4 earnings roll in Frorn Andrew Marks in New York WALL Street forecasts a merry Christmas and happy New Year for stocks. But some analysts expect a pullback when the fourth-quar-ter earnings season
      813 words
    • Article, Illustration
      Lock icon Indon farm sector faces prolonged drought
      791 2  -  Tough year ahead as 70% of workforce could be affected From Shoeb Kagda in Jakarta A PROLONGED drought expected to affect Indonesia in 2003 is likely to hit much of the country's agricultural sector in what economists are already describing as a difficult year
      REUTERS  -  791 words
    • Article
      Lock icon Ergo open to selling Wisma office space
      501 2  -  i-ii exclusive It's looking at at least $85m for the 12 floors: sources By Kalpana Rashiwala GERMAN insurance giant Ergo's 12 floors of offices at Wisma Atria totalling 99,134 sq ft are in the market for at least $85 million, sources told BT.
      501 words
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      52 2 ZENITH SWISS WATCH MANUFACTURE SINCE 1865 ***** lllfj IJ^xxLlLLi^ I p'f JS' conf,i«t LVMH A<t tc h h If /.el Grande Port-Royal rOF. TjN A: Rd"-; f'Vf, i;) :!ir„ P.T.. t: 1•- fioB4 SINCERE: Ngcr Ann (Vv 6/3:j d«. 18. liukv P' i.m t>/l/ 4t>4f; S////// /f v. «w./cn.th-wat( h'
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  • SINGAPORE companies
    • Article
      Lock icon Mentor shareholders give nod for Banta bid to proceed
      368 3  -  Approval comes amid US firm's court action to abort deal By Andrea Tan SOFTWARE packaging firm Mentor Media's shareholders have voted in favour of the proposed takeover by Banta Corp, even though the US-listed company has taken legal action to terminate
      368 words
    • Article
      Lock icon Asian hedge funds perform poorly in Q3
      378 3  -  From. Neil Behrmann inLondon HEDGE funds specialising in the Asian market haven't justified the hype. They have generally performed poorly in the thinl quarter, according to RCP Partners, a London-based consultancy which rates asset managers. The main casualties are long-short hedge fund managers,
      378 words
    • Article
      Lock icon CapitaLand could gain from asset writedown
      696 3  -  lock siew kalpana rashiwala SG Securities' recent report warning that property giant Capita Land could post a third year of losses due to a downward revaluation of its office portfolio does seem like bad news at first glance. But there could be a silver
      696 words
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      32 3 Language Courses Spanish, French. German, Mandarin, Japanese. Italian, English tor business. English tor foreign students. TOEFL dasses Private coaching, semi private and small group coaching. We also provide language courses tor children
      32 words
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      94 3 FORD MOTOR CREDIT COMPANY Floating Rate Notes Due February 13,2003 Common Code No.: *****03 ISIN No.: U*****97 RV79 CUSIP No.: *****7 RV7 In accordance with the terms of the documents governing the above-referenced Notes, notice is hereby given that the Interest Rate per annum for the Interest Period commencing November
      94 words
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      39 3 GENEVE cMdstcr r ri. 1200 QP ot LONG ISLAND PERPETUAL CALENDAR SELF WINDING MOVEMENT complications 1 WATER RESISTANT TO 30 metres SINCERE SINGAPORE V.t iH MALAYSIA .i.H.'.H" .HMCI'iVi 'j ii,| i 11 11:,. I- i FRANCK MULLER BOUTIQUE •..f..
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      308 4 OTHER SINGAPORE INDICES Nov 22 VALUE CLOSE KrOSflJS 80.00 +159.00 ST CAM -*****.00 +145.00 WlHyMI -*****.00 +8.00 AMG Ipiw 373.55 +5.84 Mfpiiiniil 123.46 +5.35 KlpBnfh 1270.43 +25.32 j>fp«llhli 341.03 +1.84 Watlnipiii 176.19 +3.35 WWMwi 175.80 +2.50 Wtmdm Vdkmm Datacraft 10c 82,250,000 Chart SemiCond 26c 74,455,000 PacrficCerrtufylOc 69,628,000 Citiraya 2.5c 67.606,000
      308 words
    • Article, Illustration
      Lock icon More upside seen for Venture but beware of profit-taking
      285 4  -  HOT STOCK/ WARRANT By < Ven Sreenivasan IT was a sizzling session for technology stocks on the local bourse last Friday. And one of the hottest counters was Venture Corp, which gained a whopping 80 cents to $14.10 as some 4.8
      285 words
    • Article, Illustration
      Lock icon A market with an identity crisis
      767 4  -  I=l i comment STOCKS r. sivanithy ONE of the biggest debates that's been around for some years now is the question of whether Singapore's stock market is an emerging or developed market. On the one hand, its small size of around $230 bUlion which
      767 words
    • Article
      Lock icon Financial system fears push yen to 3-week low
      654 4 NZ$ soars to 21-month high against US$, four-year high against Aiggfo dollar AFP [HONG KONG] Fears over Japan's financial system and renewed US confidence pushed the yen to a three-week low against the US dollar, as the New Zealand dollar soared to
      AFP  -  654 words
    • Article
      Lock icon Market Notices
      160 4 D AT APULSE Technology Ltd will hold its AGM on Nov 29, at 2.30pm, Carlton Hotel, Esplanade Room 2. ♦MPH Ltd will hold its EGM on Dec 3, at 9.30 am, Orchard Hotel, Orchard Ballroom 3. ♦NOEL Gifts International Ltd will go ex-dividend (final dividend of 0.63 cent)
      160 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2688 4 UNIT TRUSTS FUNDS S B Sel Gib Business Ldrc PrfHSGO) 0.87/ BilLllMLAUilliHHHHHHH S B Sel Gib Buunets \J*1 PTfkUSO) 0.97/ SSZXG&**** 0 636/ 0.75V Tun/ Com Global Lifestyle Index Fd OJV St* Eurooe Baf 0855/ Com Global M»*th Index Fd 0J1V tuAunr«»>Mi 0682/ Com Global Telecom Inda Fd 0423/ (rL
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon New owner to work Berger assets harder
      638 5  -  Asian Paints sees opportunities to better utilise factories, people By Loh Hui Yin "STRETCH and sweat" is what Asian Paints wants to do with the assets and resources of its latest acquisition, Singapore-listed paints manufacturer Berger International. Jalaj Dani, newly-ap-pointed chairman of Berger
      ARTHUR LEE  -  638 words
    • COMPANY Briefs
      • Article
        Lock icon Transit-Mixed losses to exoeed $L9m
        60 5 TRANSIT-MIXED Concrete Ltd said losses for the whole year will not be less than $1.9 million. In reply to queries from the stock exchange, the company noted that its ready-mixed concrete division is expected to lose money because of depressed selling prices and low production
        60 words
      • Article
        Lock icon OCL raises stake in MCL Land
        34 5 CYCLE Carriage bought 10,000 shares in MCL Land on the open market last week at $1.02 apiece, raising its stake by 0.01 per cent to 65.64 per cent.
        34 words
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      481 5 pSw ®UMR" Jfll umiakm* VK im t* I Samnp Highet Standard ft* Investment Professionals WortcXudß Ml N Information Session for CFA candidates on Wednesday, 27 November 2002, 6.30pm -8.30pm at Capital Tower Auditorium, 9, Robinson Road (near Tanjong Pagar MRT station) Free of Charge. Admission for pre-registered participants only. The
      481 words
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  • SINGAPORE news
    • Article
      Lock icon Morgan cuts growth forecast to 2.5%
      257 6  -  P=M= I on the economy outlook By Andrea Tan MORGAN Stanley has revised down its 2002 gross domestic product (GDP) growth forecast for Singapore from 3 per cent to 2.5 per cent. Its forecast for next year, however, remains unchanged at 4 per cent.
      257 words
    • Article
      Lock icon Warehouse-style retailing may take off in S'pore: DTZ report
      536 6  -  Big-Box's popularity seen to depend on ample parking provisions By Vince Chong THE predominantly foreign concept of "Big-Box" retailing may become more common in Singapore, according to a DTZ Debenham Tie Leung research report. "Big Box" refers to retailing in large,
      536 words
    • Article, Illustration
      Lock icon Hanny's Chan well-known for big deals in HK
      658 6  -  By Audrey Tan ASSET trader Charles Chan Kwok-keung may have just emerged with a bang onto Singapore's corporate scene, but he has made headlines in Hong Kong over the last few years with a series of high-profile corporate deals. With his flagship
      658 words
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      88 6 S i Home Come home E iM to success! i nird-Oiscou^ Home Electronics 2003 at a glance: -r ni 2003 Projected exhibitors: 250 *«(tof libHW® Projected visitors: 35,000 Exhibition space: Hall 1 with 11,000 sqm Country pavilions from for the trade '^j conference programme **A Most modern exhibition ground in
      88 words
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  • FOCUS enterprise
    • Article, Illustration
      Lock icon A whale of a time
      1081 7  -  Michel Andre, a winner of this year's Rolex Award for Enterprise, is working to prevent collisions between whales and vessels in busy shipping lanes Reports by Eugene Low SINCE he was a boy, whales have been a source of fascination for Michel Andre. The 38-year-old
      ROLEX  -  1,081 words
    • Article, Illustration
      Lock icon Bringing light to the darkest reaches
      1196 7 Professor devoted to providing low-energy electric lighting to remote villages ONCE in a while, you meet someone whose warmth, sincerity and generosity leave an indelible impression on you. Dave IrvineHalliday, a professor at the University of Calgary, is one such person. Besides being an
      ROLEX  -  1,196 words
    • Article
      Lock icon The Rolex Awards for Enterprise
      24 7 m_ Ljm ,u ami n -i-u r f t- ..t tg. i,'i u encourage a spirnm V w-:. JS&
      24 words
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      146 7 your tax towards an the to enjoy when you they all come true by investing your contributions a Prudential savings and investment plan by 31 December 2002. By doing so, you'll not only make money work harder for your retirement but also benefit from substantial tax savings and built-in insurance
      146 words
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      59 8 Mfr- I JKI 1 v^v will B 2 LJ r-lit/ VI II lu W /Mm w I I —i W/am 1/" —i IM o hJ mei $X r REGIONAL Wm LEONARD PTE LTD CHEW CHEONG WATCH 6734 5096/6734 8461 /6787 LEONG POH KEE HHHHHHHH PRECIOUS TIME TEL: 6538 3008/6821 1108
      59 words
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  • MAIL bag
    • Article, Illustration
      Lock icon Now not the time for balanced budgets
      777 9  -  Eddie Lee Singapore THE idea that governments, like individuals, should strive to maintain a balanced budget even during an economic recession was discredited after the Great Depression of the *****. Indeed, the harder governments tried to balance the budget the more they failed.
      FILE PHOTO  -  777 words
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      179 9 FACT: our portal and broadcast solutions reduce your training, travel and sales channel I marketing costs. I FACT: everything works seamlessly with your legacy systems like BEA, Sun and TIBCO. I FACT: our white label solutions draw upon Yahoo's expertise in keeping websites and I webcasts current, relevant, efficient and
      179 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Tycoons who won't just go away
      721 10  -  l-l i comment KL STOCKS But corporate flefdoms are likely to be a thing of the past eddie toh QUITE a number of Malaysian tycoons have faded from the domestic corporate scene in the last five years. The "casualty" list is quite long: It
      721 words
    • Article
      Lock icon First Pacific sells down stake in Bonifacio Land Corp
      297 10  -  From, Al Labita in Manila HONG Kong-listed First Pacific Co Ltd, the flagship of Indonesia's Salim family, has sold its controlling stat in a major Philippine property venture for U*****.7 million to pay debts and keep itself afloat. The deal, announced
      297 words
    • NOTE Book
      • Article
        Lock icon KL won't set target for bank mergers
        97 10 AFP [KUALA LUMPUR] Malaysia's central bank will not set the number of banks the country should have or force further mergers following the creation of 10 big hanking gr°utts_a report said yeMerday. Bank Negara Zeti Ahtar Abdul Aziz said there vsiknp target numberffor
        AFP  -  97 words
      • Article
        Lock icon No knowledge of power retailer's plan
        50 10 Bloomberg [MANILA] Philippine Finance Secretary Joee Camacho said he's unaware of any plans by Manila Electric Co chairman Manuel Lopez and three other directors to resign, as a court-ordered refund of 28 billion pesos (SJ92O million) in excess charges threatens to break the company.—Bloomberg
        Bloomberg  -  50 words
      • Article
        Lock icon M'sia seen growing 5.5% in Q3
        102 10 Bloomberg [KUALA LUMPUR] Malaysia's economy probably grew at its fastest pace in 21 months in the third quarter as Globetronics Technology Bhd, PPB Oil Palms Bhd and other companies sold more computer chips and palm oil overseas. Rising palm oil prices and a recovery
        Bloomberg  -  102 words
      • Article
        Lock icon Thai govt mulls property measures
        48 10 Reuters [BANGKOK] Thailand is considering extending tax incentives and other stimulus measures for property buyers due to expire next month, Deputy Finance Minister Varathep Ratanakorn said on Friday. Late last year, the government introduced tax incentives, including a cut in property transfer fees.—Reuters
        Reuters  -  48 words
    • Article
      Lock icon Author urges corporate Asia to air dirty linen in public
      474 12 He recommends US corporate model despite Enron scandals AFP (SINGAPORE] Asia needs to air its corporate dirty linen in public, even if that means losing face, if it wants to clean up the standard of its business practices, according to
      AFP  -  474 words
    • Article
      Lock icon Taiwanese set out vision for China investing
      439 13  -  Businessmen turn np heat on govt to relax restrictions From Macabe Keliher in Ta ipei DESPITE the Taiwan government's attempt to regulate investment in mainland China, the business community here laid out a China investment vision over the weekend, increasing the pressure on
      439 words
    • Article
      Lock icon Leung says HK currency peg to stay
      336 13 HONGKONG He says there's confidence in HK$ because of link Reuters HONG Kong's finance boss has renewed assurances that the territory is sticking to its 19-year-old currency peg, despite increasing criticism from some business people who say it is making Hong Kong uncompetitive.
      Reuters  -  336 words
    • ASIA Notes
      • Article
        Lock icon Indian telcos rattled by govt plans
        77 13 AFP [NEW DELHI] Indian mobile phone companies have been rattled by a government plan to tap into SMS (short messaging service) mail services to combat "cyber terrorism", a report said yesterday. The Indian Express newspaper said companies had managed to stave off the plan
        AFP  -  77 words
      • Article
        Lock icon Mazda,Honda to expand in China
        106 13 AP AFP. [TOKYO] Japan's Mazda Motor Corp will double annual car production to 45,000 units in China in 2003 from this year's projection, the Nihon Keizai Shimbun said yesterday. Mazda plans to finish building new production lines next month at its Chinese partner, Faw Hainan
        AP; AFP.  -  106 words
      • Article
        Lock icon Brilliance removes Yang from board
        71 13 Reuters [DETROIT] Brilliance China Automotive Holdings Ltd, China's largest van maker, on Friday said that shareholders have voted to remove former chairman Yang Rong, who is wanted in China for alleged economic crimes, from the company's board of directors. Brilliance feaid that, given his minimal
        Reuters  -  71 words
      • Article
        Lock icon Glaxo to make Aids drug in China
        55 13 AFP [BEIJING] GlaxoSmithKline is set to become the first foreign company to localise production of an Aids drug in China. The company plans to produce combivir, used widely as the backbone drug in "cocktail treatments" of Aids patients, at a Tianjin plant, the
        AFP  -  55 words
    • Article, Illustration
      Lock icon Taiwan PM to stay after quit offer rejected
      452 13 TAIPEI Cabinet reshuffle to come after protests over bank reforms AFP TAIWAN Premier Yu Shyikun is to stay in office after President Chen Shui-bian rejected his repeated offers to resign over controversial banking reforms which sparked massive protests on Saturday. Mr Yu
      AFP; AP  -  452 words
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      375 10 i fashions >Jff w tir As the No. 1 trade event and forum for trends DOMOTEX provides an invaluable overview of the world of carpets and floor coverings, as well as applications and laying techniques. >■• The contacts you make in Hannover and the information you gain 11.-14. I. 2
      375 words
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      75 10 Temptation abounds at oirexcelentluKh spread featuring Smoked Salmon. Garoupa, Tuna Loin. Sushi. Maki. Seafood. Meat and local favourites. Moaday Friday $23 per adult. $14 per child Satarday, Swday 4. PaMk HoMay $25 per adult. 16 per child For reservations, please call 6432 5567. ft*o mifcct to KTVKr cicrgc&jm tmn GST
      75 words
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      35 10 Satypesofvanety choose from. each set comes w*th nee. saiad, fresh hurts. m*n<fch Mned Fned (Fried Prawn and Nuggets) Japanese Crispy Chrtert Nuggets lemyatu Chicken CNcken Cutlet Salmon Beef CALL: G0 6253-0777 X3F C,o, V.V (Angefcne)
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      46 words
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      82 11 I i v^^®®i .-AB4?: Ji— VvOaKIIiSSP jfc, ..i.^fe ■yN ;^ii HK a*£. Hr v?,* S i2^ j I |fe|fej&r: I Br H| "|jTj ajwifn«g 'im :,MSbh .--.-i, v«?:f§ y. ■Miilai|iii|-.'||-I jWSjSi®?^.. i- %•>;' 'pili I. J -W^sßhMbßwß^Bl f*^}W *frffZ*m 4 --r tiiatfi *?*>& I --.s^i —tmm u A"' --4iS' tiofec&M'
      82 words
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      3181 12 HL Bank I (A limited liability company incorporated in Malaysia) I Martwt value oI quoted securities 2003 2001 I The Group The Bank Credit I 2002 2001 2002 2001 The Bank Principal equivalent Princoa: equivalent I Note 2002 2001 2002 2001 RM 000 RMOOC RMOO ™000 RMOOO RMOOO RMOOO RMOOO
      3,181 words
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      219 13 *v wL- .1 i m-fisjqJiyBMM^BW^Hi3sssS-^ i I .«A >iilYMMl^^^^^^W^BHfnlSP^^^^ COPY'S** *fp*^' 'HeSPShS?'^* «r. r v lk£ v Visit us at P f i #o n srrEX 2002 I,tDec2oo2^ Like the human eye, Canon is able to adapt to any new ground again. With a series of ultra-portable projectors lighting condition
      219 words
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      50 14 nWIHWIIIBH. Tm Admlwhtraßw Strata*. W --j'tT AA .r' *:j V i-1 ..y f >S J •y. ,v..---w.. *s ■;■■<,:. ■•'-'■> > :'"X& -S;:•'*• n- ■;> ->a i >-. t 'V •••>!'•• I x;- j ".i r v~;-X c h;%i Mb x t" i v •K J- r m •> v
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  • CHINA focus
    • Article, Illustration
      Lock icon Feeding need for greater transparency
      959 15  -  China-based United Food promises better disclosure to mend investor ties. Loh Bid Tin reports Loh Hui Yin UNITED Food Holdings, seeking to repair damage caused by its less-than-ideal relations with investors here, has promised to improve them through more timely and accurate disclosures. The undertaking
      FILE PHOTO  -  959 words
    • Article, Illustration
      Lock icon Fuelling interest in China-linked companies
      380 15  -  By\ Loh Hui Yin INVEST in their future growth in China. That was the theme at a Singapore Exchange (SGX) seminar which showcased a dozen or so companies which either originated from China or have a strong China angle in their business. The two-day seminar
      FILE PHOTOS  -  380 words
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      108 15 jaguar.com Craftmanship. In a Rocketship. 400 bhp supercharged VB. Computer Active Technology Suspension. 6 speed automatic transmission. THE NEW S-TYPE R Actual specifications and equipment may differ from model showi here. LVJ Malayan Motors 45 Leng Kee Road, Singapore *****3 Tel: 6378 2662 6378 2626 6378 2627 Opening Hours: Monday
      108 words
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  • Article, Illustration
    Lock icon FINANCE & COMMODITIES
    1134 16 FINANCE COMMODITIES Week ended: Nov 22 8MQAPORE OOVEEMMBMT gBUWUTUtt OfPICATITE PRICES AMP YIELDS Prtot Met T—Cwpw mtrntti CH» VIM Wi WNr TwCmhi Mlliilll U* TTM K Whr 5 YR 4.125 01-Fefc-03 N*****0T 0.83* 0.61% 100.73 100.7S SYR 4.000 OMUr-07 N700W0C 1.77* 1.75% 109.20 109.30 7YR 2.250 01-Apr-03 N*****0S 0.77% 0.64%
    1,134 words
  • Article
    Lock icon Oil surges as Iraq war fears resurface
    911 16 COMMODITY Weeklyßouruiup AFP [LONDON] Oil prices forged ahead as rising expectations of a war in Iraq despite the return of weapons inspectors helped the market bounce back from an eightmonth nadir plumbed here the previous week. Analysts said the market was buoyed further
    AFP  -  911 words
  • Article
    Lock icon COMMODITIES
    1454 16 8IC0M FUTURES Nov 22 RU88ER Futures (Ctownq priccs) ISSKSccab/kf) Clow Voionw Open Mowtii Mgb Low Sett (tww) Intomt Dec 02 M8.75 Jan 03 M925 Feb 03 ***** Mar 03 M9.25 RSS3(US<MtiA0 VoImm Open Moat* Mfk Low Sott (tonnes) Merest Dec 02 nx 550 Jan 03 8425 83.00 M25 22S
    1,454 words
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  • REGIONAL news
    • Article
      Lock icon G-20 vows to starve terror funding
      390 17 NEW DELHI Bnt their economic disparities are frustrating efforts Reuters AN unlikely collection of rich and poor nations on Saturday vowed to starve financing for groups they consider to be terrorists, but failed to agree on how their vastly different economies could do so.
      Reuters  -  390 words
    • Article, Illustration
      Lock icon India's new highways cut costs for MNCs
      762 17 13,145 km of roads planned to solve problem of transportation Bloomberg [MUMBAI] Amit Jatia, who runs McDonald's Corp restaurants in India, used to fly half an hour from Mumbai to Pune twice a month to buy burger ingredients anything to avoid five hours
      Bloomberg; BLOOMBERG  -  762 words
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      101 17 mgSSm :fe jgi k I -^m?^€W^ l'M' or effort. Neither JttkM IRSSS J||^H H The good news is that the AMD Athlon™ XP processor is fast. The even better news is that speed, in this case, just the beginning. This processor is about more than just megahertz. Its unique design
      101 words
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  • WORLD news
    • Article, Illustration
      Lock icon World's richest man Gates is also top donor
      445 18 WASHINGTON He has given or pledged USs2s.6b since 1998, topping Business Week list AFP BILL Gates, the world's richest man is also the most generous donor to good causes, according to Business Week magazine's list of the top 50 US philanthropists. Microsoft
      AFP; AP  -  445 words
    • Article
      Lock icon Greenspan's future is an open question
      399 18 WASHINGTON First half of 2003 conld be crucial for Fed chief Reuters THE coming months could prove pivotal for the future of Federal Reserve chairman Alan Greenspan, sources close to the Bush administration say. The first half of 2003 is likely to be prime
      Reuters  -  399 words
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      Lock icon Fines won't cripple Wall St banks
      620 19 NEW YORK Size of fines a pittance compared to their operations, say analysts Reuters WHEN Merrill Lynch Co agreed in May to pay US$lOO million to settle charges its analysts misled investors, critics dismissed the size of the fine as being a pittance of
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    • Article
      Lock icon CSFB told to pay US$250m to settle stock probe
      196 19 NEW YORK Bloomberg US regulators told Credit Suisse First Boston (CSFB) to pay US$25O million to settle investigations into whether the seventh-largest securities firm misled investors with stock research designed to win investment-banking contracts, sources said. Gary Lynch, general counsel for
      Bloomberg  -  196 words
    • Article
      Lock icon Peregrine Systems former manager charged with fraud
      235 19 Bloomberg (WASHINGTON] A former Peregrine Systems Inc top manager fraudulently concealed accounting problems and engaged in illegal insider trading, the Securities and Exchange Commission (SEC) said. The charges against Use Cappel, Peregrine's former senior treasury manager, are the SEC's first against the San
      Bloomberg  -  235 words
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      Lock icon Wall St stars bite the dust as banking slump continues
      692 20 NEW YORK Their 7-fignre salaries made them targets in latest round of cost cuts AP WALL Street cost cuts have found their way to the cushy comer offices where even star strategists are finding themselves expendable. As long as business
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    • Article, Illustration
      Lock icon Take tougher look at balance sheets, Takenaka tells banks
      658 21 TOKYO Analysts zooming in on foil-year forecasts in banks' HI results out today Reuters. AFP JAPANESE banks, which are expected to avoid splashing red ink in their earnings reports due today despite their financial woes, must take a tougher look at
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    • Article
      Lock icon Takenaka urges 2.5t yen in tax cuts
      131 21 TOKYO Bloomberg JAPAN'S Minister for Financial Services Heizo Takenaka said the government should implement tax cuts worth as much as 2.5 trillion yen (Ss36 billion) next fiscal year to help revive the country's ailing economy. "Some of the Council of Economic Fiscal Policy
      Bloomberg  -  131 words
    • Article
      Lock icon Mizuho set to slash 5,000 jobs by fiscal 2004: paper
      289 21 TOKYO Reuters JAPAN'S Mizuho Holdings Inc. the world's largest bank by assets, is set to trim some 5,000 jobs by fiscal 2004 as part of restructuring moves, the Nihon Keizai Shimbun reported on Sunday. The report comes in the face
      Reuters  -  289 words
    • Article
      Lock icon Sony may quit life insurance: report
      221 21 NEW YORK Reuters SONY Corp plans to quit the life insurance business altogether, chairman Nobuyuki Idei told Yomiuri Shim bun, when asked about a long-ru-moured sale of a 50 per cent stake in Sony Life to Dutch insurer Aegon NV. Sony has maintained its
      Reuters  -  221 words
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      Lock icon Globalisation doesn't affect US policy: Parry
      494 22 PHILADELPHIA He says foreign events hardly influence economy Bloomberg Reuters GLOBALISATION has had little effect on US monetary policy decisions because foreign events rarely have a major influence on the US economy, said Federal Reserve Bank of San Francisco president Robert Parry. "Globalisation has
      Bloomberg; Reuters; BLOOMBERG  -  494 words
    • Article
      Lock icon BNP grabs Credit Lyonnais stake
      338 22 PARIS Bloomberg BNP Paribas SA, France's biggest bank, agreed to buy France's 10.9 per cent stake in Credit Lyonnais SA for 2.2 billion euros (553.9 billion), setting up what may be a takeover battle for the country's sixth-biggest bank. Credit Agricole, France's No 2 bank,
      Bloomberg  -  338 words
    • Article
      Lock icon JP Morgan wants memos barred
      167 22 NEW YORK Bloomberg JP Morgan Chase Co wants to bar internal communications describing trades with Enron Corp m "disguised loans" from being introduced at a trial aimed at forcing insurers to cover US$965 million in losses on the transactions, according to court papers. The 11
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    • WORLD Watch
      • Article
        Lock icon Nymex calls for trading-hours oil data
        72 22 Bloomberg [NEW YORK] The New York Mercantile Exchange (Nymex) is urging the government and the American Petroleum Institute to publish market-moving information on oil inventories during its normal futures trading hours. Officials from the world's largest energy futures exchange requested that the weekly reports
        Bloomberg  -  72 words
      • Article
        Lock icon Ovor 200 dead in Nigerian riots
        95 22 AFP [LAGOS] More than 200 people have died, 1,125 been injured and 11,000 driven from their homes in ongoing sectarian violence in the northern Nigerian city ofKaduna, the president of the Nigerian Red Cross said yesterday. Emmanuel tyewere said most of the dead had
        AFP  -  95 words
      • Article
        Lock icon Osama 'letter' threatens attacks
        79 22 AFP [LONDON] A 4,000-word letter, purportedly from Osama bin Laden, is being circulated cm the Internet containing threats of attacks on civilian targets, the Observer newspaper reported yesterday. It said the letter had been posted on Islamic websites, and sent to an e-mail list run by
        AFP  -  79 words
      • Article
        Lock icon Ship carrying US arms Heads for Gulf
        71 22 AFP [PORT SAID, Egypt] A US-chartered ship carrying heavy weaponry Including tanks passed through the Suez canal yesterday heading for the Gul£ as Washington continued its military buildup for a strike on Iraq, canal authorities said. The Soon Arctic, registered in the Isle
        AFP  -  71 words
      • Article
        Lock icon Abbey to unveil job ocuts: report
        57 22 Bloomberg [LONDON] Abbey National pk, Britain's second-largest mortgage lender, will say this week if s cutting at least 24)00 jobs, or 5 per cart of its UK workforce, to reduce costs, the Business reported, without citing anyone. Thomas Coops, an Abbey National spokesman, declined
        Bloomberg  -  57 words
  • Article
    Lock icon BROKERS' RECOMMENDATIONS
    998 18 bymlptolblo«lNgi»tfoc!LTlNraisatoMof2tbralM«MMHhigracM»meodatkxn but not iw>y atocfc la loMowad by al Bw 29 brolan TWf raoowtmendMonaarepiacadonal toSpoMaacataandavafaoadtoproducaamaan RECOMMENDATION FORECAST COMPANY NAME THg WEEK LAST WEEK EPSfflPjflwf) ActnayaUmHad Buy Buy 8.40 2.9 AddyluaTactinotoglaaUd Undatpartotm Undaroartonn 030 57.8 Inoovationa Und8fpaik»m UodBfpartom) -3 10 Sv»Ibiii AuteKnatMXi Hold I told Buy Buy 030 38.3
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    Lock icon SGX
    769 18 Week ended: Nov 22 CMC 0 44 J 6*0 -0 020 IWSM 50c 045 2.050 CapttaLand 1.W 1.200 OCBC 953 10.400 *0.200 Chart SamCond 2Cc 071 0950 *44B OUt 0 55 MOO *0.100 Clly OmSOc 201 4400 *04K> Ndw(H2»t 0J0 0410 CniMTBc 0 73 ***** *0500 56* 1C 0
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    Lock icon BONDS & WARRANTS
    578 18 BONDS WARRANTS laat Vol Caav Lxar Caar^lXla C—p—y «r- f| Mil Mm li U> AST1 W*****1 175 1 16 131 083 19 AcmaLtd W*****6 2 1 50 700 3 25 24 AfflM WW***** 71 3 704 1 33 -1 148 31 Armstrong W*****0 15 1 10 92 4 00 18
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      975 18 h com *g UNIDUX ELECTRONICS LIMITED 'J. (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Unidux Electronics Limited (the "Company") will be held at 8 Jurong Town Hall Road #23-03. The JTC Summit. Singapore *****4 on 18 December 2002 at 9.30 a.m.
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      333 18 IN THK MATTKR OK THK COMPANIES ACT, C AP. 50 AND IN THK MATTKR OK CYSINVESTMENT PTK I.TD (In Members' Voluntary Liquidation i NOTICE VI FINAL MEETING NOTICE IS HEREBY CJIVKN pursuant lo Section JOB of the Companies Act. Cap 50 that a Final Meeting of the Members of the
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      124 19 Since 1975 our worldwide over 275 multi-disciplined professionals BT 1 V including lawyers chartered accountants W J A chartered secretaries and bankers have W m M provided confidential and cost effective L company formation in all the major low H i H (HP& tax areas including r EdEESSi Incorporation Fees
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      124 19 Our ITIOSt valuable asset is your trust. What makes us a world leading asset manager? Some say it's our globally integrated investment platform and knowledge network that covers major markets in the US, Europe and Asia across all asset classes. Others tell us it's our expertise in actively managing risk
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  • Article
    Lock icon SGX MAINBOARD
    5870 20 I Week ended: Nov 22 for live prices, log 011 to umm 'xisiaorwma rketsx-om U-M Last Val DM LaMQwU GrOkr Mr CfTM MM MCap H0I t— Claim fW| W# L— 8»yr Mir Cw M ABNAmroNLG 56c 9 141* M S 9 ACE Dynamics20c 10 5 -O S 268
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    Lock icon SGX XTRANET
    62 20 H i* y*_ umqmm mm* m• srrw mm mu> i— riMfiii Mi w- fW> I—i U» »—r Mhr Cw Wt >3 103» mo Diamonds UfSKOOo* *00 2 WO IS Di US Ted) US2700cdcd 2700 S»S SSS IS MSO Spore USSSSakd 118(0 8200 ISSWSOO US«270alcd 8270 ***** 8280 VOn
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    Lock icon SGX SESDAQ
    1429 20 SM* >M V* «nk 11Q—m GrOte n* Cr«M Nat MCa imm figgg Mi W- flg U» fcjg M» Cw HI |3 as 3 M> «0.5 7 10 10 105 IIS 1*3 MS 15 APCW5C IT *J 14 17 15.5 145 18 5 11.5 13 72 143 515 u
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    Lock icon CLOB INTERNATIONAL
    390 20 52-Wk LMt Ml LMQmm Mkt DO CrTW MM MCa W# t*» riaim S*» W- r— w» t—r Of Mhr Cw Wt IIS 10 AVJcmngiA2V A97cd *4 467 101 91 97 *5 40 34 10J S.7 MM CrthayPacXk HK720 M 2.1 74 6 *****.2 Cheung KongSOc HK1780 W U
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      244 21 4. 4- 4 1 f r i -4 4- 1 i— i i i j i j i I j I j r SGAM Total Return BondjFund Add Excitement To —rrr Your Investments SGAM Total Return Bond Fund I lie S(,.\M 11 m.i I Kit ui n 1!< nul I
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      243 21 I I Save 10% on the course fee for our master's H VH programme. ■CONTINUING m programmes offered I EDUCATION _l LEARN I WITH THE BEST I FROM THE BEST I Executive MBA I awarded by State University of New York at Buffalo I Move ahead with this highly-rated Executive
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  • Page 22 Miscellaneous
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      290 22 CBYPnCCBOSSWOBD across strayed the backbone (9, 6) 1 2 This guy IS Wei Oil With an Vi reop*e on me eoge Decome wav r-p. sefvcemen(7) 3 Settled n the end (9) that was etabo- 4 Right attendant and cook with a rugged exterior (7) 9 Nations need experts after 5
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  • FOCUS productivity
    • Article, Illustration
      Lock icon The global productivity race
      1264 23 The widening gap between US and European productivity may heighten America's dominance of the global economy Bloomberg [WASHINGTON] British born Chris Robinson said he was astonished when he took over operations in Peoria, Illinois, for 4B Components Ltd, a UK-based supplier of grain elevator parts and
      Bloomberg; AFP, REUTERS PHOTOS  -  1,264 words
  • Page 23 Advertisements
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      206 23 Airfare* SIN/HKG/Los Angeles S$6,7QO SIN/HKG/San Francisco 556,700 556,700 II I 111 I I Jew York I SsB,ooo 552^599~ Ss3499~~^^^^H 553^399~ (Tokyo, Fukuoka, Nagoya, Osaka except Sapporo) *Up to 30% less than published fare. j w We're offering you a package that's guaranteed to make you do a double take. Now,
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  • BIZIT
    • Article, Illustration
      Lock icon Asia offers some sparkle for Gemplus
      762 24  -  I-li exclusive! The smart-card giant sees its best growth opportunities in Asia, and R&D out of Singapore will play a key role, CEO Alex Mandl tells Kenneth James Kenneth James SMART move that's how smart-card major Gemplus sees the $100 million boost of its
      CHRIS LOH  -  762 words
    • Article
      Lock icon Gemplus postpones shareholder meeting for 2nd time
      319 24 Bloomberg [LUXEMBOURG] Gemplus International SA, the European smart-card maker torn by months of internal squabbling, last week postponed a shareholder's meeting called to vote on the appointment of a new CEO and the firing of two board members. The adjournment until Dec 19
      Bloomberg  -  319 words
    • Article, Illustration
      Lock icon Should banks here go the Wachovia way?
      9 25  -  angela tan
      9 words
    • IT TAKES
      • Article
        Lock icon fclM,M>aJ 1 ■■ ■ – fc"- «*«-IT-h
        70 25 fclM,M>aJ 1 fc"- «*«-IT-h STARHUB is now offering two value-added e-mail services—LMail and My Domain. LMail enables to operate on a single, unified e-mail platform to access all their mobile and Internet e-mails at a central storage point and retrieve than on a variety of communication devices. MyDomain lets customers
        70 words
      • Article
        Lock icon BMBtradUa|frMiUPB
        51 25 UNITKD Parcel Service (UPS) has launched its SMS Tracking Service in eigfrt Asian countries, including Singapore. "Our service will have a local dial-in number for each country—to help customers save on dial-up charges—and a two-way tracking feature," UPS said.'Tracking information would include package status, location, date, time, and tracking
        51 words
      • Article
        Lock icon Ahaoni whlkiiilW|w Aim Poly
        57 25 ABACUS International said it is giving Ngee Ann Polytechnic 24 licences of Abacus Whiz Power Suite for students specialising in tourism and leisure management (TLM) in the diploma courre in business studies. Hie suite is a ftilly integrated front, mid, and back-office solution that enables travel
        57 words
      • Article
        Lock icon NexnaEdgß, NTT Data deal
        48 25 SINGAPORE-BASED software startup Nexus Edge Technologies has tied up with Japan-based systems integrator NTT Data to offer application infrastructure solutions to SMEs in the region. Nexus Edge is a spin-off from Kent Ridge Digital Labs (now Laboratories of IT) and the ex>Java Resource Centre.
        48 words
      • Article
        Lock icon Poor disaster reoorary plans
        114 25 UP TO 75 per cent of Singapore businesses may not have a disaster recovery plan, a survey by Nasdaqlisted Veritas Software Corp says. About 25 per cent of the respondents said they had a secondary disaster recovery site, but only 19 per cent of those sites
        114 words
      • Article
        Lock icon New SunGard regional head
        42 25 NYSE-LISTED SunGard has appointed John Wilson as president of SunGard Asia-Pacific, effective January 2003, based in Singapore. Mr Wilson joined SunGard in 1966 and was previously head of SunGard's treasury systems business in the Asia-Pacific, based in Sydney.
        42 words
      • Article
        Lock icon Software AO's appointments
        49 25 GERMANY-BASED Software AG has appointed George Lee as general manager for Asia South; and Faye Tan as business services director for Asia-Pacific. Mr Lee was previously Asia-Pacific director of partner sales at Sun Software; Ms Tan was previously Singapore country manager at IBM Software Group Services.
        49 words
      • Article
        Lock icon New Ftgi Xerox appointment
        38 25 FUJI Xerox Phaser Printing South-east Asia has appointed Vincent Sim as marketing manager for Asean, based in Singapore. Mr Sim was previously commercial manager (marketing and promotions), with the Civil Aviation Authority of Singapore.
        38 words
      • Article
        Lock icon Telecom outlook2oo3
        32 25 A TWO-DAY "Telecom outlook 2003: navigating to profits in telecom" will be held from Nov 26 at the Ritz Carlton. It is organised by Frost Sullivan. For details, e-mail cchang^ftost.conu
        32 words
      • Article
        Lock icon IDC teloo form
        40 25 A FORUM on "Changing the rules: old game, new players? Old technology, new services" for the telco sector will be held on Dec 10 at The Fullerton. It is organised by IDC Asia-Pacific. For details, e-mail cteo@idc.com.
        40 words
      • Article
        Lock icon Holiday of a lifetime
        56 25  -  Oiwpfl»«l by Raju Chellam HEWLETT-PACKARD and the National Geographic Channel Asia have announced a "Three printers and the holiday of a lifetime" contest. This offers consumers in Asia a chance to win an exotic National Geographic expedition of their choice or one of HP's most advanced
        56 words
    • Article
      Lock icon Graphics chip demand strong, says Nvidia
      374 26  -  Firm adds it will regain dominant position in the high-end market By] Ben Berkowitz Reuters [SANTA CLARA] Overall demand for PCs is flat but sales of top-end processors used in graphics-hungry apps such as video games are mostly weathering the downturn, the CFO of
      Reuters  -  374 words
    • Article
      Lock icon S Korea denies giving subsidies to Samsung Hynix
      326 26 Denial follows US decision to launch probe AP (SEOUL) South Korea denied it has provided illegal subsidies to two of the world's three largest computer memory chipmakers Samsung Electronics and Hynix Semiconductor to help them stay competitive. The denial was issued by
      AP  -  326 words
    • Article
      Lock icon IDC sees slow start for Tablet PCs in Asia
      202 26 Reuters [KUALA LUMPUR] Tablet PCs will be slow to take off in Asia because of users reluctant to change and customers loath to pay for what is seen as a high-end product. Linus Lai, IDC's senior research manager, said he expects
      Reuters  -  202 words
    • Article
      Lock icon Woman imprisoned, fined US$11m for software seam
      306 26 AP [LOS ANGELES] A woman described as a major player in a worldwide computer software piracy organisation was sentenced to nine years in prison on Friday and ordered to pay US$ll million in restitution to software giants Microsoft and Symantec. Lisa Chen, 52,
      AP  -  306 words
    • Article
      Lock icon EDS shares rise on talk of IBM purchase
      232 26 Bloomberg [PLANO, Texas] Electronic Data Systems Corp (EDS) shares rose 7.8 per cent on speculation that the world's second-largest seller of computer services might be bought by larger rival IBM Corp. EDS gained US$l.2l to U5516.70 on the NYSE and traded as
      Bloomberg  -  232 words
    • Article
      Lock icon 2002 seen as worst year ever for IT industry
      176 26 AFP [WASHINGTON] The bad news: 2002 is expected to be the worst year ever for the worldwide IT industry, which is expected to show a 2.3 per cent slump. The good news: according to a survey by IDC Corp, the worst
      AFP  -  176 words
    • Article, Illustration
      Lock icon Microservices may be a balm for telcos
      640 27  -  In Singapore, both OneM@il and StarHnb's PowerM&U have begnn offering snch unified communications nick hutton The writer is vice-president (Asia-Pactfic) with CommWorks, a 3Com Company. THE continuing economic gloom is forcing many telcos to rethink their survival strategies. In the past, telcos successfully
      640 words
    • Article, Illustration
      Lock icon Online travel giants taking aim at Asia-Pacific
      666 27  -  Top three players want a slice of the region's online travel market that's set to cross USsBbby2oo4 Byl Paul Chan IN THE midst of the worst recession in the travel industry, the online travel players never had it so good. Business in the
      666 words
    • Article, Illustration
      Lock icon Gearing up for a revolution in sensors
      1261 27  -  A networked world could well make everyday life a lot more precise and profound By Benjamin Fulford BIOLOGISTS at the James San Jacinto Mountains Reserve in southern California stumbled upon a tiny discovery in the world of squirrels a few months back. It
      1,261 words
    • Article
      Lock icon Daewoo Securities, brokers to undergo safeguards review
      252 27 Bloomberg {SEOUL] Daewoo Securities and five other South Korean brokerages will undergo a government review of securities systems, after an Internet crime two months ago shook a nation where almost two-thirds of stock trading is done online. The review will be completed by
      Bloomberg  -  252 words
    • Article
      Lock icon Microsoft's .Net in XA-TMI network
      409 27  -  Web-based portal built to monitor network performance By Tang Weng Fai IN one of the largest implementations of Microsoft's much-touted .Net platform locally, telecoms firm XATMI has built a Web-based portal to monitor network performance for its 150 or so corporate customers across the Asia-Pacific
      409 words
    • Article
      Lock icon 35% year-on-year rise in US Net commerce in Q3
      163 27 Bloomberg [WASHINGTON] The value of US Internet commerce in Q3 2002 increased more than one-third from the same period last year, government figures showed. Online purchases totalled US$ll.l billion in Q3 the Commerce Department said, up 35.3 per cent from US$B.2
      Bloomberg  -  163 words
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      784 24 air BU JHMMj^^^H 3BBFBs Kju** I s Sj M&i, rx*^K3lßi 1 hp color Lanrlal 5500 sarin Looking to stay ahead of the competition? No problem. HP's new generation of colour laser printers comes with breakthrough in-line 22ppm (A 4) colour and monochrome printing technoloqy for 4 times faster colour printouts
      784 words
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      45 25 By creating a global network of innovation, m we put the world in your hands. As a knowledge-based company, we network technologies that enrich life. From communications,, power, medical to automation and transportation. 'm i We network life. SIEMENS Global network of innovation IjEi^■'■■■•' i?z^Hi
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      68 26 HOW WOULD YOU MEASURE SAFETY? %^a*yv^r PI*&SMBS> jm. m^^»> jk /V Jf. ——4 4* mmm KSHlfff' >? ,l:. -3SP 4-. jgMSm I Hfc —s P fl SOME RISKS ARE NOT WORTH TAKING In the U.S., 'Toddlerwatch' relies upon the Multi Vision digital video surveillance solution to provide monitoring services of
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      146 27 You GotiMail! I Mail Server from Ipswrtch Inc provides essential messaging functionality and great technical support plus low administration costs. It's reaxpiized as the leading e-mai solution with over 49 mfflion users from a stable, secure and innovative company with more than ten years of marfaet leadership. 1. Advanced Features
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  • business on the net
    • Article, Illustration
      Lock icon OCBC betting big on CRM now
      664 28  -  It will introduce CRM initiatives to boost decision-making, business intelligence, and provide customers with multiple channels of communication such as Web, fax, e-mail and voice By] Raju Chellam SINGAPORE'S OCBC Bank is betting big on CRM (customer relationship management) and wants to enhance its
      FILE PHOTO  -  664 words
    • Article
      Lock icon Thin turnout at Comdex Fall this year
      595 28  -  A glaring issue was the virtual absence of almost all the major industry names From David Welcher in Las Vegas THE megalithic Comdex has been coming to Las Vegas every fall for more than 20 years now. Just ended last week (Nov 18-22),
      595 words
    • ON THE SHELF
      • Article, Illustration
        Lock icon Low-priced ooloor lasers here
        112 28 EPSON Singapore has launched what it claims is Asia's first sub-USsl,ooo colour laser printer, under its AcuLaser brand. The details: C 900: It costs $1,688 and is targeted at small offices. It comes with 80 MB RAM, runs on a 48 MHz processor, and works with
        112 words
      • Article
        Lock icon Two ooloor tnkjeti from Lexmark
        81 28 LEXMARK International has introduced two new colour inkjet printers. The details: Zssse: Costs $269, offers 4,800 by 1,200 dpi resolution, comes with Precision Sense technology to sense paper type and adjust driver settings, and offers USB and parallel to work with PC, Mac and Linux
        81 words
      • Article, Illustration
        Lock icon mnlHAnMiHiMi A*iwrUa
        93 28 CANON Marketing Singapore unveiled its image Class MPC2OO multi-functional device —for printing, copying, scanning and faxing. "It's the only such device in the market that can print borderless photos up to A 4 size. and comes with a two-year onsite warranty," Canon said. The $499 device prints 14
        93 words
      • Article
        Lock icon Mini USB Drive from lomega
        67 28 lOMEGA Corp is ready with its mbst compact drive yet, the Mini USB Drive. It weighs 20 gms, works with Macs and PCs, features lomega's Active Disk technology, comes with software and security features, and allows select software apps to be run directly from the
        67 words
      • Article, Illustration
        Lock icon Two monochrome lasers from HP
        81 28 HEWLETT-PACKARD Singapore has launched two new monochrome laser printers under its LaserJet brand, targeted at business users. The details: 4200; Prices start from $2,149. It prints 35 ppm, runs on a 300 MHz processor, comes with 48 MB RAM, and prints at 1,200 dpi. 4300:
        81 words
      • Article
        Lock icon Wotworkfld projector* from WHO
        79 28  -  Compiled by Raju Chellam NEC Singapore has introduced a new generation of portable projectors that can be connected to a network via a wired LAN system by using a 10 base or a wireless system on Wi-Fi 802.11b. "With the NEC ImageXpress technology, users of MTIO6O
        79 words
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      Lock icon Page 28 Advertisements Column 1
      134 28 Based on IDC's Ql 2002 Enterprise Server Tracker Report, Sun led the RISC/UNIX server market in the ASEAN India region a 42.8 percent v revenue share. The latest our the top customers in the region. And our winning streak looks to the Open Environment (Sun An software I II II
      134 words
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  • SHIPPING TIMES
    • Article
      Lock icon SHIP SALES
      283 29 Simpson Spence Young THE dry bulk sector has remained active. Vessels said for further trading MKa>nan ♦Corona Luck: 172,000 tdw bit 89 Constantza reported sold region, US$lO,OOO,OOO to Greek buyers following recent dry docking. ♦Trident Fortune: 64,169 tdw bit 4/83 Hitachi crs 4/25 ts reported sold region U555,750,000
      Simpson Spence & Young  -  283 words
    • Article
      Lock icon MARITIME STOCKS
      232 29 SCX *000 —a CW7 Distribution O.TO undi 0 ChuanHap 050 OOI 457 Cotco investment—0.19 undi 40 FretdtflMM 0.04 -OCT 130 GOHaMm 064 OOI 10 Jiyl»»iBi 026 0.01 387 KeppelCarp 4-20 -002 2976 Mppel Marina OS ancft 2293 taaKTM 0.93 OOI 134 Latorwy Marine 0.23 inch O Maldadl 034
      232 words
    • Article
      Lock icon ITF postpones seafarer wage hike till May 31
      522 29  -  It says benchmarks won't be scrapped, but Asia will now have a voice By] Beth Jinks [SINGAPORE] The International Transport Workers' Federation (ITT) has temporarily backed down on a benchmark seafarer minimum wage increase, after ship owners and managers collectively declared the
      522 words
    • Article, Illustration
      Lock icon Burning gas tanker risks explosion
      146 29 Reuters [HONG KONG] A tanker carrying 20,000 tonnes of liquefied petroleum gas was on fire in Chinese waters about 38 km east of Hong Kong yesterday, risking a huge explosion. "If the fire was to keep burning with 20,000 tonnes of liquefied petroleum gas, there
      Reuters; REUTERS  -  146 words
    • Article
      Lock icon Hitachi Zosen's H1 loss widens six-fold on cost rise
      198 29 Bloomberg [TOKYO] Hitachi Zosen Corp said its first-half loss widened almost six-fold after it booked reorganisation costs for the merger of its shipbuilding business with that of NKK Corp. The shipbuilder said it posted a net loss of 29.1 billion yen
      Bloomberg  -  198 words
    • Article
      Lock icon GE Ship not pursuing SCI purchase plan
      228 29 Reuters [BOMBAY] Great Eastern Shipping Company Ltd said it would not pursue plans to acquire state-run Shipping Corporation of India (SCI), which the government is privatising. due to continuing uncertainty about the sale's timing. "We wanted to tell stakeholders that we would like
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      Lock icon Disney ship disinfected for stomach bug before departure
      371 29 AP [PORT CANAVERAL] Disney workers spent several hours disinfecting a Disney cruise ship after more than 200 passengers fell ill with a stomach ailment on a sevenday cruise last week. A crew of over 1,100 sanitised the 290-metre Disney Magic ship hoping
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      Lock icon Calls to bring order to shipping snowball
      428 29  -  Spanish PM, ITF chief Ceckroft seek stringent controls on tankers and registry laws By\ Donald Urquhart (SINGAPORE] Spain has called for the tightening of laws governing flag-of-con-venience shipping registries and the establishment of a new maritime disaster body in the wake of the
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        Lock icon EU's long-term conference policy still unclear
        882 30  -  IJNER SCENE By\ David Hughes THE whole liner shipping industry had been waiting for the European Commission's (EC) decision whether to grant the Transatlantic Conference Agreement (Taca), exemption from EU competition laws. The hope was that this decision would set down clear guidelines as
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      209 30 Avant 8 B'tartg Mas 5 BSA 6 BSC 8 BTL 8 CMACGM 3 COSCO 3 Central Ex 4 Chahaya 8 Charter Shpg 8 China Shpg 5 Confer 8 Cougar 5 CWT Globelink ...6 Del mas 4 Dongnama 3 EP Carriers 8 ECL 3 EIS 9 EngLee 8
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      11337 34 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Teiephone SM Desfn Name None Number Number SIN DesT* Name Maw Naafeor Mumtir 20/12 23/12 PACCCont PAC BANGKA 5131 ******7*55 Sl2 005*W T# BARCEL OHA (BCN) 2042 Spain Sir 22Z 04/12 23/0 COSCO EMPRESS PHOENIX
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        577 37 w a y. »cow woy no Dfnn aitivm ucpinurc JUROMG POUT MLC3003 MLC302 J4 A/SIDE 25/11 1700 NIAGA 61 01/02 J10 A/SIDE 25/*****0 SINGA ENERGY ***** J12 A/SIDE 25/*****0 ZIM ISRAEL 36W J18/19 A/SIDE 25/*****0 BAY BONANZA 16 J5 25/11 2300 26/11 2300 BAYSWATER228 M2282 J3 25/11 0800
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        1693 37 CONTAINERS TERMINAL AMD VESSEL SCHEDULES V«ttl Out In Btfc BartMnf Mm- Urtk ii am H— t A| »oy fwj Derating u^»i oauuc (Mg —i i xnuMB-iiew m ackioa— qua osn csn i *****008-000 Aa—mm otih 07m i *****008-2300 nyiuawMai fatm 295 2* i 25/*****2-900 25/********** m A—1 084N
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        144 37 Da* I Thailand: King's Birthday. Dhl Malaysia: Hari Rays Puasa. Brunei: Hari Raya Puasa Singapore: Hari Raya Puasa. Dm 7 Malaysia: Hari Raya Holiday. DnH Thailand: Constitution Day. Dm 23 Japan: Emperor's Birthday. Dm M Switzerland. Christmas Eve (hal day). Dm IB Australia: Christmas Day. Belgium. Christmas Day.
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        736 37 THIS report, mmplWtti by Cockett Marine Oil Ltd. shows price ranges In US dollar* instead of single price* for a more cocnprehen*lve dmi iptl<a> of tbt market Price* shown are baaed on averagesized stem. Market movement* are indicated- The Cockatt Bunker Price Index change and the
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        331 37 Ohm 9M.7 M 8J «jM M OjM 1 'ts' 3MM» 904.7 12 U Off JO 142 cm MHB «MJ U ff.9 ouw a om WW »W9 %Mi mm mm* MM—835 1 0 0 0 0 0 BO/Qaac UMts S—C25 Ml LO 5.0 0.10 10 0J0 USA
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        383 38  -  Australian Air lines' arrival here a boost to tourism; China could be next destination By Beth Jinks [SINGAPORE] The arrival of the new Australian Airlines here has opened up two of Australia's key attractions the Great Barrier Reef and the Gold Coast to its fifth
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        144 38 [SINGAPORE] It was can-can, high kicks and wine as Air France, the French Tourist Office and Novotel Apollo celebrated in Singapore the launch of the Beaujolais Nouveau 2002. Some 58 million bottles of the wine were produced in the French wine-growing district this year and out
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          81 38 AP [JAKARTA] Indonesian authorities are preparing to ban kite-flying by villagers living close to Jakarta's Sukarno-Hatta International Airport and offenders could be jailed, news reports said. Twenty airlines have complained to the airport about the kite-flying, The Jakarta Post reported on Thursday. Officials in
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          Lock icon Swiss gets approval for US tie-up
          66 38 Reuters [ZURICH] Swiss International Air Lines, the successor to failed flag carrier Swissair, on Saturday said it had obtained US anti-trust approval for a partnership with American Airlines. Swiss called the step "commercially very important" and said it would give the airline an indirect
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          Lock icon Finnair posts 1.9m euro Q3 loss
          86 38 Bloomberg [VANTAA, Finland] Flnnair Oyj, Finland's largest airline posted a third-quarter operating loss amid tightening competition. Finnair's third-quarter operating loss excluding capital gains was 1.9 million euros (553.4 million) compared with 133 million euros in the year-ago period, it announced. Third-quarter sales rose 2
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          Lock icon Iberia mulling second-hand B747s
          78 38 Reuters [MADRID] Spanish airline Iberia is considering buying "practically new" Boeing 747-400s that are available at an attractive price to renew its long range fleet, chairman Xabierdelralasaid on Friday. Iberia has been studying options to replace its eight ageing 747s for several years and until now
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        174 38 AFP [TOKYO] Japan has rejected a US demand that high landing fees at its two major international airports be lowered as part of wider business deregulation, Japanese and US officials said. The demand was made at a three-day meeting of working-level government officials from
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        Lock icon FedEx rates for US services to go up
        127 38 Reuters [MEMPHIS] Package carrier Corp said last week it is raising its rates for domestic shipments and US exports by an average of 3.5 per cent to 3.9 per cent early next year. The move by FedEx follows a Nov 8 announcement
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        Lock icon Pilot error may have caused Luxair crash, says report
        350 38 Airline rejects Der Spiegel report aus speculation Reuters [BERLIN] Pilot error could be to blame for the fatal Luxair plane crash near Luxembourg's airport earlier this month, a German magazine reported on Saturday, but the airline called the report speculation. Der
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        Lock icon Oneworld not to admit new airlines into alliance
        395 38 Decision a blew for straggling Swiss International, which hoped to join Reuters [MADRID] The international airline alliance Oneworld has switched its priority to deepening ties among the eight existing members instead of recruiting new ones, officials said after a meeting in Madrid
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      33 29 Liner Scene: Pilot error EU's long-term may have conference caused policy still Lnxair crash: unclear. Pg 2 report, pg 10 New Aussie Carrier flies in, Pg 10 y ktr A a V 'i
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      103 30 WORLDGATE EXPRESS LINES PTE LTD yf\ 180, CacN Street, #16-03/04, —I Bank BuMdktg, S*pore *****6 /Tel: *****911 Fax: *****073******863 Email: wgate©mbox2-*ingneLcom-»fl ■BB WEBSITE: http J/www. wortdgate. com. sg WEEKLY FCL LCL SERVICE TO FOLLOWING PORTS IIT |HR» MM S~l Iran RunG/roiANG Tarn Ihongkohg/ohna 01/12 rranum 24/11 ftji ffllMC 27/11 QtreGOiMHAM
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      875 31 TO EUROPE FROM EUROPE rasa vot s« or etm »a ha* my sou tat ||aat Iwr it wim w mi w m mom nsw a/ii u/ij a/12 u/12 nmRT onos/ii a/ii o»/ii m/ii »/ii ■UWWUfUfWB 10/11 a/12 71/1J MM MI 07/11 09/1105/11 27/11 MMNNBOM 30»W 02/12 14/12 20/12 22/12 24/12
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      1060 33 iVtSSfL VOY KHH HKO SIN PKL DXS OAS MOM UK. MAN HOEMOZGAN PCL 286 SAILED SAILED 15/11 26/11 03/12 04/12 11/12 13/12 IRAN TEHRAN PCL -2t7 23/11 26/11 30/11 01/12 09/12 10/12 17/12 19/12] M.V. UNOAVIA PCL -2M 01/12 02/12 07/12 03/12 16/12 17/12 24/12 26/12 MAN KEEMAN PCL 289
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      560 33 UK CONTINENT SERVICE Loachng for OURANIA SMILE RDM/ATW/BMN/UK/NAN HUA GUANG RDM/ATW/BMN/UK/NAN KOVDOR RDM/ATW/BMN/UK/NAN Loads Sngapore, E7W Matoysa, Indonesia MIDDLE-EAST SERVICE Loading for HABIBE ANA HOO/JDH/DMT ANGELA HDO/JDH/AQA/DMT VOYAGER V DBl/ABU/DOH/BRN/DMM/KWT LINDOS DBl/ABU/DOH/BRN/DMM/KWT STAR 2000 JOH/AOA toads Singapore, E7W. Malaysia Indonesia USA SERVICE Loadngfor CHRISTOS CAM/NFK/SAV/NOL PONTOPORUS VCW/LAX/MZL BLUE PRINCESS CAM/NFK/SAV/NOL
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      506 34 IgKYOWALINE Volt Mm !•—I Kww IhA N<wp»l K—p— IM— Pocific Senator 952E 26/11 05/12 11/12 12/12 Pocifec Senator 952E 26/11 19/12 OMIT 31/12 02/01 04/01 06/01 PociKc Senotor 952E "WTT 06/01" OMIT "WOT WoT Honjin Homborg 072E" 03/12 19/12 OMIT 31/12 02/01 04/01 06/01 Honjin Homburg 072E** 03/12 06/01 OMIT
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      291 34 CWT GLOBELINK PTE LTD Wow* omen in TEL.*****833 (36 LINES) FAX:€ *****42 SYDNIY MIIBOUHNI KMANG PORT KILANG-RASIR GUOANG KUCHING BANGKOK-KARACHI BOMBAY M. NEW Of LHI COLOMBO HO CHI MINH CITY HAIPHONGHANOI BRIMIN HAMBURG TIAMJIN (HUGOAO SHANGHAI XIAMIN fUZHOU-DALIAN-XIAN BIDING SHI HA ZHUANG CWT GLOBELINK presents World-Wide Connection SERVICING 110 DIRECT
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      139 37 i 4k Jr *'aW 4 |ajKn 'isj H jW ~:'%r ji Sfjwl \V; J jjj^H hmk_ <■ f f^z 1 s \!r^s R Thunderstorm A Showers Rain Temperature Op/ Wjnd direction and speed in knots Weather w Cloudy Day 32 -w Sea Conditions Wind speed symbols I S(j ft <t
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