The Business Times, 17 December 2002

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 010/03/2002 Internet: htto://business-times.asial .com.sg SINGAPORE TUESDAY, DECEMBER 17, 2002 85c
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  • 75 1 sn UMJ3 (-6.65) ST INDEX FUTTJIES U4&00 (-13.00) ■MSdWTTJfg IHJO (-0.50) STOCK MAKKET INDICES Monday Change KLSECOMP 629.47 -173 MXKEI226 8,450.94 -60.13 HANG SENG 9,666.46 -7157 SET INDEX 353.93 -2_27 JAKARTA COMP _***** +4.07 MANILA OOMP .1,019.96 -1010 TAIPEI WPI 4,***** -6.09 SEOULCOMP ***** 15 71 SHENHIEN B
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  • 65 1 FOKEX BATES rss s$ l SS (S$ per L'S$) 1.749 £(l'SS/S$ per 1.592 1783 El'RO(l"S$/SS/E). 1.024 1.791 YEN 120.6 69.00 RM 3.800 1173 HK$ 7.799 4.460 BAHT 43.17 24.69 RITLAH a«02 5,034 PMME RATES SINGAPORE* 555 KUALA LtHPUR 6 40 HONG KONG 5000 JAKARTA 3900 TAIPEI 6.500 TOKYO 1.375
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  • 734 1  -  id exclusive Growing negative image, competition from China and falling FDI are choking sector From, Shoeb Kagda in Jakarta A GLOBAL strategic rethink of their manufacturing operations by multinational companies (MNCs) and growing competition from China could prove fatal for Indonesia's efforts to revive
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  • 936 1  -  -^exclusive Recession decimates their target market of property agents By Vince Chong [SINGAPORE] At least a third of the more prominent property portals have seen their last cyber days, having been acquired for their extensive home listings since the beginning of
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  • 144 1 [SINGAPOREJ More than 400,000 light bulbs will transform The Fullerton Singapore into a twinkling fairyland this Christmas for the first time. Fronting the Singapore River and built between 1925 and 1928, the neo-classical building was converted into a $400-million luxury hotel by current owners Sino Land
    ARTHUR LEE  -  144 words
  • 811 1  -  By I Serena Ng [SINGAPORE] Hotelier Ong Beng Seng's 98 Holdings, whose offer for Nat Steel was starting to look a little shaky over the past week, has clinched the 7.9 per cent stake owned by the government's investment arm Temasek
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  • Page 1 Advertisements
    • 97 1 DBBPE Top Stories Indosat stake: ST Telemedia paid a huge premium but did not overpay, say analysts. Next Page US will drop 92% of tariffs after FTA is sealed. Next Page R Slvanlthy: SGX's new proposals are a step in the right direction. Pg4 JTC to cut posted rents, prices.
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    • 12 1 Government land use change: Case for compensation? LEE HAH SHIH, Page 8
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    • 89 1 THE ACHIEVERS Leung Chun Ying, who could have been Chief Sk* Executive of HK, on why he is happy to be merely of service Page 22 M Travel hasn't lost its masic 1 r tSP> Master Geographic JBl J ys t select a city, and in 1 the time on
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  • NEXT page
    • 804 2  -  Electronics, chemicals, petrochemicals among export sectors that will benefit most By Chuang Peck Ming [SINGAPORE] The United States Singapore's largest export market will remove 92 per cent of its tariffs on Singapore exports once the US-Singapore free trade agreement takes
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    • 687 2  -  Some see its entry into Indonesia as a prelude to StarHnb's regional drive Ven Sreenivasan [SINGAPORE] ST Telemedia (STT) may have paid a huge premium to market for PT Indonesian Satellite Corp (Indosat) shares, but it did not overpay for a
      687 words
    • 67 2 THE Housing Development Board has clarified that the extension of the enhanced staggered downpayment scheme, reported in BT yesterday, is for another six months from Jan 1, 2003 to June 30, 2003. First-time flat applicants who book an HDB Oat during the extended period need only pay the second
      67 words
    • ON THE grapevine
      • 241 2 THIS could only come from America: "Hi! All I wanted to say was 'Merry Christmas and Happy New Year'. I ran it past my legal department and this is what came back! 'From me ("the wishor") to you ("the wishee"), please accept without obligation, implied
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  • Page 2 Advertisements
    • 118 2 PM Goh urges closer ties with Indonesia, Pg 11 Editorial: Taking the telco derby overseas, Pg 12 "My watches are only genuine with my signature." All ty Ckronoswut an expression my philosophy: Whatever I make should always be the best possible. L^D^^PP|^U f skilled precision, aesthetic clarity and a passionate
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  • Page 3 Advertisements
    • 57 3 VACHERON CONSTANTS Manufacture Horlog6re. Geneve, depuis 1755. AW r/ />V" f Masterpieces. From time's finest artists.> Authorised Retailers Singapore Cortina Watch Deluxe Eastern Watch Sincere Fine Watches Roy Eastern Watch Watches of Switzerland a aysia. Cortina Watch Sincere Fine Watches Indonesia: Regent Watches The Time Place Service Centre: Richemont Luxury
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  • SINGAPORE companies
    • 449 4  -  Fastß&mp will take over test ops, with Conexant as anchor customer at facility By\ Serena Ng SEMICONDUCTOR chip tester ST Assembly Test Services yesterday said its Silicon Valley-based subsidiary Fastßamp Test Services had inked a deal with wireless communications giant Conexant Systems
      449 words
    • 190 4 Bloomberg SINGAPORE Airlines Ltd filled more space on its flights in November, the 11th consecutive month of gains, because of higher cargo and travel demand. Asia's most profitable airline said it filled 70.6 per cent of total available space last month,
      Bloomberg  -  190 words
    • 727 4  -  lock siew r sivanity THE latest consultation paper put out by the Singa pore Exchange (SGX) on its website certainly makes for interesting reading. In many areas, it tackles long overdue issues and proposes useful changes that should help the
      727 words
    • 360 7  -  It is confident that slump resulting from Bali blast is temporary By OTk Audrey Tan SINGAPORE-LISTED Guthrie GTS yesterday gave Bali's tourism sector its vote of confidence, by saying that it will go ahead with an acquisition of a majority stake
      360 words
    • 286 7 JURONG Cement's group net loss for the six months ended Sept 30 widened to $2.7 million from $2.3 million in the same period last year despite a 33.5 per cent jump in turnover to $33.3 million. The rise in turnover came mainly from improved sales
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    • 266 7 THE Singapore Exchange yesterday announced it is to relax its listing rules for covered warrants a move which could help breathe new life into the languishing warrant segment. SGX said issuers who perform market-making functions will be exempt from the current requirement
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    • 498 9  -  Intra-Asia travellers take np slack of int'l travellers to region By' Vince Chong THE Bali bombings and subsequent travel warnings placed by countries on several countries in Asia, including Singapore, have not sidetracked Asiatravel.com from its commitment to the region. The online travel
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    • 456 9  -  Move is part of a deal with OCBC to restructure its revolving credit facility By Ven Sreenivasan CHEMICAL Industries is setting aside the bulk of the $28.2 million proceeds from its November 2001 rights issue to pay off its revolving credit
      456 words
    • COMPANY Briefs
      • 101 9 ÜBS Warburg, which arranged Mobile One Asia Ltd's initial stock sale, said it bought another 8.1 million shares in Singapore's second-biggest cellphone company. The bank bought the shares yesterday at between $1.19 and $1.24 each, it said in a statement to the Singapore
        101 words
      • 90 9 AUTOMOTTVE-based group Wearnes International's net profit for the year ended September jumped 91 per cent to $13.1 million despite a 3.5 per cent dip in turnover to $382.4 million. It said the earnings improvement was due mainly to investment gains as well as improved
        90 words
      • 58 9 SUPPLY chain management company Mentor Media yesterday posted a 53 per cent slump in net profit for the six months ended September to $1.6 million, from $3.3 million a year ago. Turnover for the period fell 19 per cent to $32.4 million, while earnings per
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      • 70 9 INNO-PACIFIC Holdings said yesterday it hag been informed by its associate company Sawyer Falls LLC that it had entered into a vacant land sale and purchase agreement with Capri Investments in the US in April this year. The purchase consideration for the land was
        70 words
  • Article, Illustration
    1062 4 Trnnsaction date: Dec 16 SBC Mifn*s >1 f Short 1 Jjrs Long >3»b DITERBAMK CROSSRATBS *s O fct fan Ht{ wn topi* Y«n WW M B}NII» H» SS *mt Sir KTS U* Hmt MSS Austrata 0.883 4.703 0553 4.419 ***** 49.877 0.683 6518 2.153 1102 ***** 30.406 0.991 4.947
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  • Page 4 Advertisements
    • 453 4 0 What are your reporting obligations as an employer? What must be reported as employees' remuneration? How are stock option and awards reported under the new rules? What are the changes in CPF rules affecting your employees? What is "NOR" and how does it affect you and your employees? This
      453 words

  • Page 5 Advertisements
    • 106 5 WHY NOT USE NEXT YEAR'S DESKTOP LICENSING FEES FOR THIS YEAR'S SALARIES? Wouldnt you rather spend your IT budget on innovative 4*^ technology and people, instead of innovative licensing plans? Stop pouring money down the desktop drain. L Discover the alternative at SUK.OOM/WHTOOT microsystems® I www.sun.com.sg Call 1800 FONE SUN
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  • SINGAPORE markets
    • Article, Illustration
      335 6 OTHER SINGAPORE INDICES Dec 16 VALUE CLOSE BTOMDS -474.00 -7.00 BT CADI -*****.00 -91.00 KTlO-day MA -47.00 Aft-SG Equities 354.06 -1.89 SGEqeities Elect 120.99 -0.52 SCEqiftiesFta 1206.48 -3.33 SG Equities Prop 323.94 -1.67 MBaSamMf* 167.61 -0.65 SMSCIFetares 166.60 -0.50 Slocks Voiumo Chart SemiCond 26c 36.623.0CX) Mobileone 20c 13.264,000 Datacrart 10c
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    • 270 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan AFTER rising steadily from around 57 US cents in early November to a high of 80 US cents in early December, the stock of Datacraft Asia has slid in recent days. The counter slipped two
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    • 598 6  -  -j I comment CURRENCIES Widening geopolitical fears likely to be another potential drag larry wee DESPITE the US dollar's attempt to correct from sharp Friday losses yesterday morning, market bears still looked pretty much in control by the close of Asian trading for
      598 words
    • 799 6  -  1 i comment STOCKS r. sivanithy IF you were to try and single out one overriding feature that afflicts stock markets today, it's the utter lack of conviction they possess even when prices are rising strongly. At the macro level, the reasons for this are
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  • 3042 6 UNIT TRUSTS FUNDS Coaumerzbtfifc AMt Riot Com Global Finance index Fd 0 73* AM Amro Asset Mot IVamt Com Global Lifestyle Index Fd 0 843/ 0 593/ 0 7» Star Europe Bd 1 124/ Com Global Telecom Index Fd 0.413/ Star Europe Bal 0838/ 9™ 5* 0 J 1 M!
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  • Page 7 Advertisements
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  • FOCUS property
    • 217 8 AP (LONDON) Britain's housing boom could be over with some experts predicting yesterday that house prices are set to fall by up to a third. Soaring house prices have helped sustain the economy by encouraging people to take out large mortgages and loans. Experts
      AP  -  217 words
    • 624 8  - Govt kind use change: case for compensation l comment PROPERTY Policies have become more flexible but that has created hardship for some lee han shih GOOD news for the property market: the government has become more flexible on land use. And bad news for the property market: the government has
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  • Page 8 Advertisements
    • 343 8 rantech mjgjmm INDUSTRIAL COMPLEX BLK 192 PANDAN LOOP Attractive Gross Yield of up to 8% For Sale with Tenancy or Vacant Possession ■BHKph 7-storey light industrial building with Wft 1 carpark on the 3rd storey "> Regular design floor configuration for JK* space flexibility f 1 > Unit sizes from
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    • 79 8 tesve Spec/#* tempura, tori Xfiraagt. beef roll, chicken salad. fried salmon fillet, kjunaboly. tamagoijati. iTat along with Safe V 59.00 per bottU f$eUH 4-Jf k Hot Cine:62s3-0777 Opening Hours 12noon 3pm, 5.30pm 11pm j 6535 0383/6560 5859 L I Dining By the River I H Under the Stars, Iff il
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    • 254 8 us for the New Year Countdown ft* and stand a chance to win attractive rfl y dining vouchers and hotel stays! mM Price $28.00 Nett (inclusive of one glass off*uicMrd: of champagne) Time 10:00 pm to 2:00 am Call 6831 6288 for your bookings now! 'Sj Mandarin |£J Singapore *W.\TS"
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  • Page 9 Advertisements
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  • SINGAPORE news
    • 500 10  -  Board also releasing eight industrial sites By' Vince Chong JTC Corporation announced yesterday that it would reduce posted rents and prices of most of its ready-built facilities by up to 16 per cent to help customers tide over the current sluggish economic conditions. This
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    • 309 10  -  I-11 exclusive Move follows its plan to exit finance company business By Kalpana Rashiwala FAR East Finance Organization, which is exiting the finance company business, has passed its remaining loan portfolio to The Bank of East Asia, sources
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    • 407 10  -  By Siow Li Sen OCBC Bank has received overwhelming response to its innovative HDB home loan package, even though it has not announced the details of the package, at the end of a week-long fair which was for all the participating financial institutions
      FILE PHOTO  -  407 words
    • 131 10 THE Monetary Authority of Singapore (MAS) is inviting applications for seven wholesale bank licences. Applications are open to offshore banks wishing to do more business in the Singapore dollar banking market or new banks that meet MAS' licensing criteria, it said yesterday. All
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  • Page 10 Advertisements
    • 197 10 r gjj Vest frost I Hi Official Distributor p IE R. Pramfor Appliances leading Pte Ltd Tel: 6748 3550 Fax: 6458 3608 www.premierappliances.com.sg Cellar Dehue W: «5M MM •Ee Hong Etectncal TO" (744 323* •Jft J Home Appliances Td: t3M T7M Panulk Electronic. 1W: MM MK 1 i ,y me
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  • SINGAPORE news
    • 590 11  -  Cooperation needed to overcome grave economic, terrorist threats, he says From I Shoeb Kagda in Jakarta PRIME Minister Goh Chok Tong yesterday emphasised the need for both Indonesia and Singapore to work hand in hand to overcome the grave economic and terrorist threats
      590 words
    • 348 11  -  I on the economy retail sales By Serena Ng SINGAPORE'S retail sales index grew a surprise 1.8 per cent year-on-year in October against market expectations of a decline, latest figures from the Department of Statistics show. The robust growth in October, however, is
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  • Page 11 Advertisements
    • 267 11 Connect with the best business plots at JTC JTC Open Land Application Scheme (OLAS) WME .-*SIZE fr* ■BH UQHT INDUSTRY H| 8 ,321 HHH UQHT INDUSTRY HH| 18 ,157 HHHH I UQHT INDUSTRY |HH 6.128 HHHHj mi m 3 GENERAL INDUSTRY 16,501 WW FOODMDUBTRV HMj a.724 MHHBf jryour e ap^Stonkittem
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  • EDITORIAL & opinion
    • 795 12  -  iiTT^ bottom line OPINION harish mehta THE Thai government says the new driver of the economy is domestic consumption. The local press is full of stories of how easy it is for a low-paid worker to obtain a credit card, and how Thais
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    • 64 12 'We've already had a noose around our necks, and every year it's being tightened further.' -Peter Bruce a European fisherman, on a European Union crackdown on fishing in the North Sea next year to save depleted stocks. 'Fish is simply too expensive for the consumer. You are
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    • 619 12 EDITORIAL ONE of the more talkedabout aspects of Singapore Technologies Telemedia's $1.1 billion buy into Indonesia's second-larg-est telecoms operator is that the deal pitches it smack against hometown rival SingTel. ST Telemedia's successful bid, announced over the weekend, gives it a 42 per cent stake
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    • 1885 12  -  The US experience has led many experts to argne that there are efficiencies to be gained by tilting the process in favour of liquidation By\ Daniel Altman NYT i IN the last two years, more than 150 of America's large public companies
      NYT; AFP  -  1,885 words

  • REGIONAL news
    • 454 13  -  RHB must raise stake in RHB Capital to 75% within this period From Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Rashid Hussain has just one more day or so to clear a major hurdle in the protracted merger with Utama Banking
      454 words
    • 341 13  -  The M'sian gaming firm will buy 18m shares in Canada's Pacific Lottery for CsiSm From Eddie Toh in Kuala L/umpur GENTING Bhd, the sole casino operator in Malaysia, will embark on its first gaming foray following the resignation of founder Lim Goh
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    • 449 15 BEIJING Consumers snap np big ticket items; economy on track for 8% growth Reuters CHINA said yesterday retail sales growth slowed in November but remained strong as consumers bought big-ticket items like homes and cars, keeping the economy on track to
      Reuters  -  449 words
    • 391 15  -  Domestic demand, export growth behind expansion From] Harish Mehta in Bangkok ROBUST domestic demand and unexpected export growth have helped Thailand's economy to expand by 4.9 per cent in the first nine months of this year, up from a dismal 1.7 per cent in
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    • 480 16 TAIPEI Taipei to auction 13.5% stake worth NTs64b in Chnnghwa Telecom today Bloomberg CATHAY Life Insurance Co, Taiwan's biggest insurer, may bid for a minimum NT$3l.9 billion (Ssl.6 billion) stake in Chunghwa Telecom Co as the government tries today for a fifth time to
      Bloomberg  -  480 words
    • 260 16 HONGKONG Reuters HONG Kong's swelling fiscal deficit is expected to grow bigger this financial year as less taxes have been collected than expected, Hong Kong newspapers reported yesterday. Commissioner for Inland Revenue Alice Lau was quoted as saying there had been a
      Reuters  -  260 words
    • 206 16 AFP [BEIJING] Chinese women are much likelier than men to be hit by permanent unemployment as local enterprises try to become more efficient businesses, state media said yesterday. Only 39 per cent of laidoff women workers have subsequently found re-employment, compared with almost 64 per
      AFP  -  206 words
  • Page 13 Advertisements
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  • 1523 14 SICOM FUTURES RU98EK Fvtares (dosing prices) RSS1 (S cwrtsAq) Close Volume Oom Mo<rt>l !f! Srtt (tows) Interest J«03 148.00 Feb03 148.00 Mar 03 V48.00 Apr/Jun 03 150.00 RSS3(UScMb/k«) Voteme Oom Hlffc Law Sett (tonnes) Interest £n03 8450 82J5 Ho6 7166 2«0 03 84.50 84.00 84.25 825 3200 M*" 03
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  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 279 15 V Why a US. MBA? Master of Business Administration view of business and valuable insights from Programme Objectives Professionals working In the U.S. environment Prepare students for a global perspective in four main areas. S Business Knowledge knowledge, analytical skids, managerial skis •Analytical Skills and integrative skills. Managerial Skills Enytasteon
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  • Page 16 Advertisements
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    • 724 16 |W39fMjfH|| Caß 1011-frec 1800 *****22 In the matter of (h* Companies Act, (Cap. 50) And In the matter of YAN BIN LOU RESTAURANT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FIMAI MPmuft NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308(2) of the Companies Act, (Cap. 50) that the FINAL
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    • 443 16 In The Mailer of The Companies Act (Chapter 50) And In The Maner of Polynorm Building Components Services Pie Lid (In Members' Voluntary Liquidation) Al an Extra-Ordinary General Meeting of the abovenamed Company held Mill North Bridge Road #18-01 Pennisula Plaza. Singapore *****8 on 12 December 2002. the following resolutions
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  • REGION world
    • 505 17  -  Proposals from business leaders inclnde lower tax rates, easier M&As From. Anthony Rowley in Tokyo JAPAN intends to launch a major drive to attract more foreign direct investment in order to offset the hollowing out of its own industrial base and to
      505 words
    • NOTE Book
      • 81 17 Bloomberg [HONG KONG] Hang Seng Bank will freeze the pay of its 7,300 employees and rival Standard Chartered may follow suit. "After taking into account the current economic conditions, business prospects and market conditions, the board of directors decided that the bank will not
        Bloomberg  -  81 words
      • 58 17 Bloomberg [HONG KONG] Hutchison Whampoa, the biggest Asian investor in European cellular service, denied a report it may buy Vivendi Universale stake in Xfera SA, a Spanish phone company. The Expansion newspaper said the companies hired an investment bank to study the purchase. "We are
        Bloomberg  -  58 words
      • 87 17 Bloomberg [KUALA LUMPUR] Malaysia will begin cutting import tariffs on some foreign cars as early as next year. It will also introduce measures, such as an excise duty on imported cars, to help local automakers cope with the competition. Malaysia plans to lower
        Bloomberg  -  87 words
      • 64 17 Reuters [KUALA LUMPUR] Plans by Malaysian Prime Minister Mahathir Mohamad for an economic stimulus package are in a very early stage, Mustapa Mohamed, executive director of the National Economic Action Council, said yesterday. "We've got some way to go before anything comes up," he
        Reuters  -  64 words
    • 135 17 HELSINKI Reuters GERMANY'S T-Mobile said yesterday it had pulled a Nokia phone model from its stores in Britain due to technical glitches but a sales relaunch was possible in January. T-Mobile spokeswoman Laura Smith said the 7210 colour-screen model, one of Nokia's more
      Reuters  -  135 words
    • 260 17 SINGAPORE AFP, Bloomberg THE semiconductor sector has returned to positive growth this year on the back of strong Asia-Pacific performance, a research report said. Global sales were up 1.4 per cent to U*****.4 billion this year after sales fell 32 per cent
      AFP,; Bloomberg  -  260 words
    • 126 17 (SAN FRANCISCO) International Business Machines is on target to start commercial production early next year of a new generation of smaUer, faster and cheaper microchips, the Financial Times said yesterday. The chips, designed by and manufactured on behalf of Xilinx, a California-based company,
      126 words
  • Page 17 Advertisements
    • 97 17 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF IDEMITSU INTERNATIONAL INSURANCE BROKING PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovementioned company
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    • 403 17 IN THE MATTER OF THE COMPA N IKS A CT, CAP. 50 and IN THE MATTER OF ONLINE REMITTANCE PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 16 JANUARY 2003 send
      403 words
    • 29 17 Jit HHri email: info@leonardsa.com.sg -J J CHEW CHEONG WATCH TEL: 6734 5096/6734 8461/6787 1703 ■Hl^^^^HH PRECIOUS TIME TEL: 6538 3008/6821 1108 WATCHES OF SWITZERLAND TEL: 6737 3708/6734 0928/6732 9793
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  • WORLD news
    • 723 18 PARIS Merged entity will rival BNP Paribas as biggest bank in the enrozone Reuters. Bloomberg CREDIT Agricole launched a friendly 19.5 billion euro (5534.9 billion) bid for Credit Lyonnais yesterday in a deal that would create a French banking giant rivalling BNP Paribas
      Reuters.; Bloomberg  -  723 words
    • 400 18 NEW YORK Reuters, Bloomberg WALL Street is gearing up for "confession season," as companies use the week before Christmas to detail their New Year's expectations. It is prime time for companies to issue earnings outlooks, just before the traditionally slow holiday week.
      Reuters,; Bloomberg  -  400 words
    • 191 18 Bloomberg [BERLIN] Germany will seek to lure back funds hidden abroad by introducing a new tax on interest income and granting immunity from prosecution for people who repatriate cash, Chancellor Gerhard Schroeder said. Income from interest and other savings will be taxed at a
      Bloomberg  -  191 words
    • 428 19 NEWYORK The 15 stocks will be replaced with mostly Old Economy companies NYT hTHE Nasdaq stock market is dropping underperforming technology stocks from its Nasdaq 100 index and replacing them with old industrial and consumer stocks from next week. The Nasdaq 100, which includes
      NYT; Source: Bloomberg  -  428 words
    • 242 19 TOKYO AFP THE Osaka Securities Exchange (OSE) launched its Hercules Nippon New Market yesterday, after Nasdaq pulled out of the loss-making venture. The move by Japan's No. 2 stock market came four months after Nasdaq Stock Market Inc of the US said it would end
      AFP  -  242 words
    • 284 19 NEWYORK Reuters, Bloomberg THE Nasdaq stock market's chief executive, Hardwick Simmons, will resign next year after more than two years of difficult times for the technology-loaded exchange. The Nasdaq would start a search for his successor in the second quarter of 2003. Mr
      Reuters,; Bloomberg  -  284 words
    • 404 21 LAT-WP [WASHINGTON] Former vice-presi-dent A 1 Gore's surprise announcement that he will not run for the White House in 2004 transforms the Democratic nomination contest from a referendum on the last nominee into a wide-open fight for the right to challenge
      LAT-WP  -  404 words
  • 4905 18 i Transaction date: Dec 16 for more, go to wwu^xisiaonenmarketsjcom HONG KONG Val HICR Intl. 144 002 392 w Hong ICong Electric 2900 -0.20 5653 Hongkong Chinese 0.60 0.01 588 2"®"*?— {}<H 12,30 Hongkong Chinese Ltd .0.60 0.01 588 Ananda Wng On -002 unch 9220 Hopewell Holdings 515
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  • Page 18 Advertisements
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  • 2331 19 Transaction date: Dec 16 KUALA LUMPUR FrasersNeai* 3.32 met. ¥ol FSBM 1.61 -0.08 10 RM W- rooo) FW Industries .0.16 unct) 0 Gadang .0.93 undi 0 AJM Realty OS1 -002 1 Gamuda -5.50 undi 173 Abhc .0.98 -0.07 37 GanadCorp .0.69 unch 0 ACP Industries 2.90 0.05 465 General
    2,331 words
  • 810 19 Transaction date: Dec 16 Otm o—t nxt m o— CMC 441 3 340 -0-040 NatStaal 50c 04i 2 060 *0420 CaptaUnd 1.14 1.130 4410 OCK 416 9550 0050 Owrt SamCond 26c 069 0.100 0030 QUE 0 52 5.700 Oty 00,50c 2 01 4J» 0060 Partway M 25c 037 0.740
    810 words
  • 539 19 BONDS WARRANTS KM Vol Can Eur *oSk Gaar CWWI Mt «f- nm MB fog U» AST1W*****1 175 1 16 148 0.77 IS AonaLtd W*****0 1.5 1 SO 636 4 67 23 AmtekWQS0610 70.5 1 33 2 143 30 Armstrong W*****0 15 1 10 109 367 17 Bar6%SA*****1 10k 104 Bar
    539 words
  • Page 19 Advertisements
    • 614 19 Call 1011-irec 1800 299*822 RAFFLES lasalle limited (Incorporated r me Repubfcc ol Smg^orel NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ol the Company will be held at 107 A Sophia Road Singapore *****2 on 13 January 2003 at 11.00 a m tor the
      614 words
  • Page 19 Miscellaneous
    • 229 19 CRYPTIC CROSSWORD 4 Harshly unfavourable 8 jjj^ 9 Meeting line of workers (8) 1 1 Ml 11 Leaves actor coming from 15 Late message from Pope? Greek character supplying 25 Transferring from one bank 26 Lady doctor's habit? (5) DQWN include large number (8) YESTERDAY'S SOLUTION 12 Another ten clues
      229 words

  • KNOWLEDGE economy
    • 1688 20  -  What inspires and drives effective leadership is a question that has been asked throughout history. Leaden of the New Centnrv or LNC a Droiert sponsored by Korn/Ferry International, sought to get some answers. During the course of a year, more than 80 leaders in business
      FILE PHOTO  -  1,688 words
  • Page 20 Advertisements
    • 235 20 Doing business in China can be made easier with experienced hands-on assistances. ICH Consulting has an established team of Business consultants with extensive business links in China. Our clients include leading players in the lifestyle services industry. ICH's newly launched China Consulting Services for SMEs provides you with: •industry reports,
      235 words

  • 5103 21 Transaction date: Dec 16 for live prices, log on to uru m jasiaonema rketsjcom M-Wk Lot Vol Day Last Quote GrfMo Mv GrYld Hot MOa M0i l—> Chhimii Solo *t- r808> W» Low U*m Cw fff U ABNAmroNIG 56t 9 12 3.4 MIA 205 9 ACE Dynamics20c 10
    5,103 words
  • 40 21 jae5s <99 a ■> a Jr tya.-; a-; g-a 10M0 Diamonds l>S113cd 61M MOO 1K0 ISOJUSTech US3740cd 5n S» IS MSG Spore US555cdcd "MO BOO ISSAPSOO US8270cd»d- 8210 I ***** 8M0 STOW usuaocd 1KB 1380 ST1ETT100 __W00 1353 1390
    40 words
  • 1173 21 -H 4 U«Qwli GrOw Mir GrtW MM MCa r 'f"l *>- Cm* l— 8»nr Mhr Cw Wt tn3 225 9 ABRHIdgsSc 11 U 1IJ Ml 245 IS APCMSc 17 14 16 5 115 15 7 J 149 J? 10t 47 1,5 18 <8 19 N 234 515 105
    1,173 words
  • 349 21 LM M tar UaQnU G>W* M» CrVU MM MCa If Uh *4- PW8> «di L—r 8ay S*r Cw Hi h3 115 10 AVicnnngtA2Sc A91 -0.5 41 92 91 91 92 40 3.4 11 S3 1959 CMh*Pac20c Mr720 265 2.1 7 4 6 *****2 Cheung KangSOc MK1780 240 63
    349 words
  • Page 21 Advertisements
    • 80 21 BlancfaiN MANUFACTURE DE HAUTE HORLOGERIE ii UU u^j Cortina watch /1 /»y^ 0 Raffles City #01-36 Tel: 6339 9185 Thealrr and Film Director Singapore Millenia Walk #01-62/65 A Tel: 6339 1728 > Paragon #01 -13 Tel: 6235 0084 V Lucky Plaza #01 -32 Tel: 6734.3668 y Lltra-slim self-winding wnsiwatch. W
      80 words

  • THE achievers
    • 1529 22  -  Leung Chun Ying, often mentioned when talk turns to Hong Kong's next chief executive, tells Lob Hal Tin he is satisfied with his public service work Loh Hui Yin ASK Leung Chun Ying if he wants the job of governing Hong Kong, he will tell
      CHRIS LOH  -  1,529 words
    • 554 22 DAMNED if you do, damned if you don't. That s the kind of unenviable position the Hong Kong gov ernment finds itself in in its housing policy, which has witnessed Hip-flops in the last few years. With Hong Kongers so hooked on
      554 words
  • Page 22 Advertisements

  • SHIPPING TIMES
    • 281 23 Reuters THE Baltic Dry Index rose 26 points to 1689, the Baltic Capesize Index rose 63 points to 2258, the Baltic Panamax Index rose 14 points to 1668 and the Baltic Handymax Index fell 3 points to *****. HME-CHABTEB: Pytchley (built 1996) *****9 dwt delivery Rotterdam 17/22 Dec
      Reuters  -  281 words
    • 261 23 MX '000 8 *h W CWT Distribution 0.70 uncfi 0 Cho*n Hup 0.45 0.01 935 Cosco lnvastmant._0.20 unch 607 Frrtght Links 0.03 aoi 72 CB Holdings. 0.60 0.01 W Jaya Holdings 0.23 -0.02 *84 Ksppal Corp 3.68 -0.10 1853 Kappol Marin* 0.16 -0.01 26 KappolTM 0.81 unck 23
      261 words
    • 567 23  -  Blanket rating unfair and adds unnecessary costs: Asean shipowners By Beth Jinks [SINGAPORE] Frustrated South-east Asian shipowners have collectively called upon the Joint War Risk Committee (JWRC) to remove Indonesia's post-Bali bombing war risk zone label, arguing the arbitrary rating "imposed unnecessary additional
      FILE PHOTO  -  567 words
    • 338 23 Salvors on standby, little pollution detected AFP [DUNKIRK, France] Salvage teams prepared on Sunday to begin working refloating a Norwegian ship which sank in shallow waters in the English Channel with nearly 3,000 brand new luxury cars aboard, causing a hazard
      AFP; REUTERS  -  338 words
    • 218 23 AFP [SINGAPORE] More shipping incidents were reported over the weekend and in one, 12 crew members from a cargo vessel were thrown overboard when the vessel sank immediately after crashing into a container ship on Sunday off the coast of south China's
      AFP  -  218 words
    • 315 23 New members committed to high safety standards transport official Reuters [PARIS] The European Union's top transport official said that a historic deal on the enlargement of the EU would bolster maritime transport safety. "There are commitments. Cyprus for instance is already making a big
      Reuters  -  315 words
    • CRUISE industry
      • 786 24 The recent virus outbreaks on cruise ships, together with the possibility of war with Iraq, have left industry executives wondering whether bookings will be affected AP [MIAMI] THE cruise industry had hoped 2003 would bring an end to the uncertainty that shadowed the business since
        AP  -  786 words
    • 124 24 PAGE BSA 6 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 Central Ex 4 i China Shpg 5 Cougar 5 1 CWTGIobelink ...6 1 Del mas 4 < Dongnama 3 ecl 3 Evergreen 4 Foong Sun 5 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISL
      124 words
    • 10521 28 thebusinesstimes EXPORT iijii IJ ij|I Sf I"«t« ><~Z II HI If ll'llrrilrlifMiiliaiW ■■"I— P* Ad rtis r Vessel Voyage Telephone ETA ETA Advertiser VesselI Voyage TetepKora P**" 1 Not N4n Number Number SIN Destn N<m« Nam "ir-frTT Number 04/01 29/01 UASC ABU DHABI C223W 65 ******* To ABIDJAN
      10,521 words
    • SHIPS IN PORT
      • 570 31 Vessel Voy Wo Berth Arrival Departure JURONG PORT CONQUEROR 021 J9 A/SIDE 17/12 1500 KIMTRANSME6A KM012S J16 A/SIDE 17/12 0400 SHANNON EXP 26A/02 J3 A/SIDE 17/12 0600 TG JOHOR 18 2218R J15 A/SIDE 17/12 0630 BAYSWATER118 M2300 J3 17/12 0800 17/12 1630 BAYSWATER228 E2300 J3 17/12 1730 18/12
        570 words
      • 1696 31 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Mi Berthing Un- Berth Ham Y°y v °y ««l Nmbr AOC DAHUA 056N 056N 1 17/12/2002-23:00 18/*****02-06:00 T05 ACX RAfTLES 072S 072S 1 170 2/2002-OBOO 17/12/2002-15JO POfe AEGEAN EXP 28S 28S 1 1802/2002-1900 1902/2002-06-00 ALAMJAYA2 8826 8826 1 1902/2002-1000 1902/2002-IfrOO
        1,696 words
      • 126 31 Dm 23 Japan: Emperor's Birthday. Dw 24 Switzerland: Christmas Eve. Dee 25 Australia: Christmas Day. Belgium: Christmas Day. Brunei: Christmas Day. Canada: Christmas Day. France: Christmas Day. Germany: Christmas Day. Hong Kong: Christmas Day. Indonesia: Christmas Day. Italy: Christmas Day. Malaysia: Christmas Day. New Zealand: Christmas Day. Norway
        126 words
      • 790 31 THIS report, compiled by Cockett Ma rine Oil Ltd. show* price range* in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        790 words
      • 431 31 c «0 Mu 990.4 0.4 15.7 0.05 60 0.03 P*» P—ritr Silart *o above £25 0 0 1 0 0 0 «Wh *0 Aw 905J 07 04 0.06 31 0.02 (MM «M JS X0Mn U 07 Vjt 009 74 003 SS Aortcw»635 10 0 0 0
        431 words
    • AIR & LAND transport
      • 227 32 Airline wants deals on USs2.4b in annual savings Reuters [NEW YORK] UAL Corp's United Airlines, which filed for bankruptcy-court protection a week ago, has told its unions it needs to secure agreements on US$2.4 billion in annual labour concessions by mid-February, according to one
        Reuters  -  227 words
      • 371 32 It will introduce standard airfares next year to boost foreign investment Bloomberg [HANOl] Vietnam plans to charge foreigners and locals the same airfares for domestic flights by the end of 2003, as part of several measures designed to encourage foreign investment, the
        Bloomberg; AFP  -  371 words
      • 268 32 Oana/WAM [ABU DHABI] Dubai International Airport is poised to receive over 20 million passengers in 2005 and 30 million by 2010, Sheikh Ahmed bin Saeed A 1 Maktoum, president of Dubai's Department of Civil Aviation and chairman of the Emirates Group,
        Oana/WAM  -  268 words
      • 180 32 AFP [ROME] Italian police yesterday defused a suspect package addressed to the Spanish airline Iberia at Rome's Fiumicino international airport, after two parcel bombs were sent to the airline last week. Police explosives experts were called in after the package raised the suspicions of
        AFP  -  180 words
      • 305 32 Option now open to passengers flying from N America to Asia, Europe [SINGAPORE] US carrier Northwest Airlines has introduced self-service checkin for electronic ticket holders travelling from the United States and Canada to Asia and Europe. Northwest already offers international self-service check-in for e-ticket holders from
        305 words
      • 333 32 AFP [SYDNEY] A computer short-circuit caused the spectacular crash in Australia in July of a model Japanese superjet that designers hope will one day replace the Concorde, officials said. A scientist with Japan's National Aerospace Laboratory said the computer glitch caused the
        AFP  -  333 words
      • LOO Book
        • 116 32 Reuters [ST GEORGE, Utah] Sky West Inc. a regional jet service provider for United Airlines and Delta Air Lines, said that its financial performance will suffer and become less predictable in the wake of last week's bankruptcy filing by United. Sky West operates about 35
          Reuters  -  116 words
        • 82 32 Bloomberg [SEOUL] Passenger traffic through Incheon International Airport, South Korea's busiest airport, rose 23 per cent last month as a recovering economy spurred travel. The airport handled more than 1.7 million passengers in November, 23 per cent more than the same month last year, Incheon
          Bloomberg  -  82 words
      • 1696 32 an man n* ruar n» 1*229 ins sow aw smo em w a* ranrtu S06C3 1910 C2352 0835 tmtum $023 0635 6*974 out cz» am ■U837 835 «iW 2130 «M VM741 1325 SO/VW176 1035 MM WW SQ/Vm75 1640 VW740 1430 *<>— ***** 0630 XW IMR B4S
        1,696 words
  • Page 23 Advertisements
    • 447 23 Hanoi to end dual airfares t N i, Uncertain outlook for cruise industry deepens CONFERENCES SATS Secully Services in collaboration with the Security Risk Management Australia (SRMA) and Edith Cowen University of Western Australia are presenting theUnderstandhiQ Security Technology Seminar from Jan 13 to 17,2003 at the Excelsior Hotel The
      447 words

  • Page 24 Advertisements
    • 384 24 I NORTH AMERICA QULF/INDIA SUB-CONTINENT 18UPCT BHlfra£ EXPRESS (SSX) IQULF KARACHI EXPRESS (QKX) 1 wssa vot iei n» rasa vot ma mm mm t^ mm ST mm Um? 15/11 NAWOAMAW (m 12/12 ONT "u/u 5/12 11/1J H/11 31/11 ttO NBMIOTD DUMJ 031 11/19 It/19 »i/i» w/i« OOQIOTBUWPS 41W41 12/12 JO/12
      384 words
    • 58 24 a<>»T% WORLDGATE EXPRESS LINES PTE LTD yZIX 180, CecH Street, *1*0304, Bangkok Bank BuMng, S*pore *****6 Vf X Tel: *****911 Fax: *****073******63 Email: "gate ©mtoox2.singnet. com.sa WEBSITE: http://www.worklgaie.com.sg V '*V» Calcutta aTChlttagong i,^ Karachi port lou» 10/12 I Bombay/Madras CHrrT QOWQ,PH *"I^I m ul karacmi/LAHOBE 20/12 MADRAS/BANGALORE 22/12 I Colombo*'
      58 words
    • 572 24 linai services represented by SAembers of iho Registry of tejyjjjj}) Accredited Skipping Agenh, y Sngapon Shipping Association Members of ibe Singapore Logistics Association g ULY UNE MAIE f WSSa VOY ETA EU Itt P. BANG van MAII Empress Lily 0802 19/12 20/12 28/12 Princess Lily 0103 07/01 08/01 16/01 Empress
      572 words

  • Page 25 Advertisements
    • 580 25 i I TO USA (SAX SttVKI) ytS^l, VOY M* HA LAX OAK DAI HOU Oil CO! W ATI NYC Aft SWEDEN 0031 10/12 01/01 06/01 Q6/01 06/01 00/01 07/01 06/01 00/01 00/01 API HOLLAND 1131 25/12 10/01 13/01 13/01 13/01 13/01 14/01 13/01 15/01 15/01 Aft ENGLAND 115t 01/01 16/01
      580 words
    • 1067 25 wE^fflPlttCT OILI TO tOW B# 4Mrs sss; »m« TE; <7-3tMl» HUL |7"M< f CQUVtimoitAl MTtSMI/ISA MJMJTJ/71 I 2&«. Za Z, mm m, m mMm o2S? 74« !KJ *W M/ wn- o2*Swo«/flonf I IWIII/11- o»/i?ot/i? It/11 |»/1 2 vm nm JI/I2 oi/ti 04/01 BSTva ivii ivii 20/17 wmwm/m 88 ""'K! w,
      1,067 words
    • 350 25 uuwum —i$T~ ES —SI! rff yi ff ff. uuwmm nn ~Wn 3T7T2 i7T~ fa IglKlailftMtiw iss —ahit-^-Hft-•m-**,<*+w*, i—i—i |g?|fjl|£^^ —15* laQMaifiyi re l IV I mwwm w/o tyuwwwwvr .-TL. y ILr.C ]Ur APtt t*T)/ OMt (08/ imwii mm UITIK-lIU. rcmtMwgw 7 /ro^T^'roywaifaiS)/ 1 rsutujfok/I4>^^2^tSf 7 fTC)/I(mM *r. -C-.S Ifr .XT
      350 words

  • Page 26 Advertisements
    • 561 26 hmmt' HYUNDAI MERCHANT MARINE CO., LTD. <* "O. *****9M000H I™ «w|gi|sw|«w |ra Mff HMII wv Ilvcsa *ot sw 1a rf |mr n« tv |Ml SiSS OS W'/i S/l! SiST !2 Z\ w w n/ "!?ft uumucm liiw M/ »»m. M/ Hr sa >w 3"t »/n m/ii n/ii m/ii 14/11 £1552?
      561 words
    • 481 26 ffftM HA! L!NSS INTRODUCING I NEW WEEKLY EXPRESS SERVICE I I Weekly Express Tuesday sailing j For more details, call HOTLINE: 1800-*****00 or I *****588 j AaAEmcs SjP 2, nni i4/i j ll i I I I'* 30/11 a/7 03/01 H/ll j »/«i H/fi uo\ iy*i H/oi xj/%\ I SSSS
      481 words
    • 599 26 StGIfTA WEEKLY EXPRESS SAMJNG SCHEDULE AtSO ACCEPTIMG TO ALL MORTHERM AMD WES TERR ICO POTT* jgL_HM PJIAN6 CQUM»o|i.a«¥l laHflMO~ "WW—g MHB UIK UK aIK 8K aH{ IQttPBWBt TWWI3 73 IK 7SIK HIH lIJM MJM WMWttM m aw tim ft Ml mum IrH UWiAH lI7W MMI MM! ?iM SMa 11SMSra MI7N
      599 words

  • Page 27 Advertisements
    • 1733 27 ISnjrJUMM !S Y ooo —rSTTi PX* 'A' DMM MK PCI-290 17/12 11/12 21/12 22/12 29/12 30/12 07/01 09/01 "/I 2 21/12 29/12 05/01/03 06/01/03 12/01/03 14/01/03 m'l^j! 2 04/01 03/01 12/01 13/01 19/01 21/01 i-ttM H/y.y? fS I-^ 293 00/01 11/01 12/01 19/01 20/01 26/01 20/01 |iran nwfiwj pg- 2»
      1,733 words

  • Page 28 Advertisements
    • 114 28 LINE w ¥ty I>W— li^—lfc—l V— I— I. Jopon Seootor 943E" 17/12 26/12 02/01 03/01 Jopon Seootor 943E" 17/12 27/12 OMIT 07/01 09/01 Jopon Seootor 943E" 17/12 27/12 ~0270T 03/01 05/01 ~Q770T~ ~Q970l Americo Seootor 945E 24/12 18/01 OMIT 28/01 30/01 01/02 Amertco Senator 945E 24/12 09/01 15/01 T6/01 Arnyico
      114 words
    • 161 28 en CWT GLOBEUNK PTE LTD OWW OffICCS IN TEL:*****833 (36 LINES) FAX:*****742 A trOMfY-mUOIMIt HNANG Kt*T KILANG WH GUDANGKUCHINGBANGKOK KARACHI BOMBAY NCW OIIHI-COtOMBO-HO CHI MINH CITY HAIPHONG-HANOI BRIMIN HAMBURG TIANJIN QINGDAO SHANGHAI XIAMIN fUZHOUDALIAN XIAN BEIJINGSHI JIA ZHUANG WEEKLY DIRECT GROUPAGE SERVICE TO CENTRAL SOUTH AMERICA MANZANILLOIMEXICO BUENAVENTURA/COLOMBIA MONTEVIDEO/URUGUAY SANTOS/BRAZIL
      161 words
    • 246 28 BSfl MYANMA mttmk FIVE STAR UNE rnjmmm N.tiWT*) for Yo^m VBSa vor SM m KM PGU CHM SHWf NAM 54W SID- V3OOW SU> M 6AUTSIA: OOUSTUD SHIPfWG AGENCIES KM: 03-*****300 «L 03-317M101 PBfc 04-2****** «3| BANK LINE «fwt« tt htw Wok fl^ r i \T 1 NOKTHtOUNP TO EUKOPT" V
      246 words



  • Page 31 Miscellaneous
    • 121 31 legend Issued by Meteorological Services Dfvtef<w!^E/! R Thunderstorm Showers o yC\ Rain Temperature C~/ jncJ (jirection and speed in knots Cloudy Day Wea,her H 37 u Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j K 1 m ->—"One half fleche
      121 words