The Business Times, 9 January 2003

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Total Pages: 26
1 26 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 010/03/2002 Internet http://business-times.asial com.sg SINGAPORE THURSDAY, JANUARY 9, 2003
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  • 628 1  -  Bourse keen on them bnt concedes road to flotation will be atonal one By] Loh Hui Yin [SINGAPORE] Singapore companies may soon form a significant chunk on the Shanghai Stock Exchange (SSE) bourse officials say as many as 50 of them with
    628 words
  • 71 1 Dsn 1,332.32 (+13.58) ST INDEX FUTURES 1,333.00 (+12.00) SIMSCI FUTURES 162.90 (+1.10) Wednesday Change KLSECOMP 625.1.1 -1.04 NIKKEI225 8.517.80 -HU> HANG SKMi 9,6*8.21 >35.81 SET INDEX 9611.41 -5.10 JAKARTACOMP. 3*941 5.11 MANILA COMP .1(4(142 *20*1 TAIPEI WPI 4,«M 135.85 SEOl'L COMP 651.72 4)4* SHENZHEN B. 192.94 *409 AI STALLORD
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  • 66 1 FOREX RATES US$ 8$ rsS(SSperlSS) 1.743 S(I'SS/SS p«T 1)I.ttl 2.792 Kl RO(l S&SS/E). I (Ml 1.815 YEN 1201 CKM RM 3.HII0 2,1*0 HKS 7 799 4474 BAHT 42.81 2456 RIPIAH *930 5.123 PRIME RATES SINGAPORE* 5.25 KIALA LIMP1 R 640 HONG KON(i 5.000 JAKARTA 39.00 TAIPEI 6.500 TOKYO 1375
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  • 600 1  -  BUSH'S STIMULUS PLAM Economists see gains from plan, bnt they say domestic concerns will decide regional stocks' fate By' Wong Wei Kong, R Sivanithy [SINGAPORE] President George Bush's ambitious stimulus package will increase the odds of a continued US economic recovery and boost Asian
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  • 701 1  -  It's looking to start operating at Senai Airport end-March From Eddie Toh in Kuala Lumpur TONY Fernandes whose every move is closely watched by the regional airline industry is planning to tap the Singapore market but his no-frills Air Asia is not yet
    THE NEW PAPER  -  701 words
  • 425 1 Other moves include pay cuts for govt officials, shrinking size of civil service [HONG KONG] Hong Kong Chief Executive Tung Cheehwa announced plans yesterday to hike taxes, cut the size of the civil service and slash the pay of top
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    • 562 2  -  But analysts question its commercial viability From] Harish Mehta in Bangkok SINGAPORE may be granted the rights to operate a new budget airline on regional routes from Thailand's northern hill resort city of Chiang Mai, Thai Transport Minister Suriya Jungrungreangkit says. Aviation analysts in
      Source: Forbes Global  -  562 words
    • 741 2  -  BTiauiiumj DenX, a high-tech dentistry company, is the first catch By. Anna Teo [SINGAPORE] One company here has identified as its market niche the job of bringing biomedical companies to Asia. And in its first catch, it has set up in Singapore the Asia-Pacific
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    • 599 2  - Top arbitrator leaves Rajah Tann for US firm BTIJ'miULIIJM Snndaresh Menon is to develop Jones Day's arbitration practice in Asia By l Catherine Ong [SINGAPORE] Sundaresh Menon. one of Singapore's top international arbitrators famed for his Barings report, is leaving Rajah Tann to join the local office of US law
      599 words
    • 595 2  -  Jakarta officials start drive to battle negative image By' Yang Razali Kassim IN the first event held in Singapore to draw back foreign investors since the Oct 12 Bali bombings, Indonesia deployed its investment and police chiefs to share some good news. Singapore
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    • 89 2 r———————— I Business Owners: "If you miss this game, you miss the turning point of your business!" 1 Sometimes, life's turning point starts off like this little notice. Now I that you see it will you act on it? This game will reveal 9 fundamental business secrets and 343 business
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  • SINGAPORE companies
    • 680 3  -  dollarDex also says Stanchart effective rate could go below 1% in some cases By Ven Sreenivasan THE scramble for a slice of the HDB loans market continues unabated with Standard Chartered Bank entering the fray and Hong Leong Singapore Finance slashing its
      680 words
    • 519 3  -  HOCKrWTffffM michelle quah WHITE knight Goldwater Company may well be the saviour that Van der Horst (VDH) investors have been hoping for. But at present, no one can say for sure because next to nothing is known about who is behind Goldwater.
      519 words
    • 260 3  -  By] Michelle Quah SHAREHOLDERS of OCBC Bank yesterday approved its plans to sell preference shares to boost capital and support the group's growth. OCBC's chief executive David Conner said preference shares are "an efficient and inexpensive way to support the business". Earlier reports on
      260 words
    • 451 3  -  ShanghaiAvrhangP 4 exec says research and governance will improve By] Loh Hui Yin THE impending entry of international investors into China's domestic share market should result in better equities research, stronger corporate governance and more timely release of information, says a
      CHRIS LOH  -  451 words
    • 173 3 KEPPEL Land is selling a freehold Norfolk Road site, which it had earlier planned to develop and launch, to MCL Land for $26 million. Announcing the agreement yesterday, KepLand said the sale of the 31,312 sq ft site in the Newton area would result
      173 words
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    • 32 3 (OFFICE/WAREHOUSING/DISTRIBUTION) Rare opportunity to own or lease a prime unit (4,000 15,000 sq ft) I< < I fTel: 6344 2002 or visit our sales office I 53 Übi Avenue 1 #01-11 INDUSTRIAL PARK
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    • 68 3 v **£^l W m a **|3 .jr "ij^H MK'' imiimjm jHA\ HfT You never [lftu^(^ f «r \jp^,_'v- «p actually own a Patek Philippe. You merely look after it for the next generation. Annual calendar by Patek Philippe SINGAPORE MALAYSIA (*****-K) TAKASHIMAYA S C. TEL: 65-6734 2420 KUALA LUMPUR SCOTTS
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  • SINGAPORE markets
    • Article, Illustration
      49 4 OTHER SINGAPORE INDICES Jan 8 VALUE CLOSE BXOMDS 180.00 +95.00 BTCMN -*****.00 +28.00 BT 10-dty KA *****.00 +18.00 349.92 +3.48 SGE«dttMEted ***** -0.15 SG Equities Fin 1171.38 +14.51 SGEqaibMftvp 314.53 -2.52 MSCHUwn 163.50 +1.96 SMSaFabmc 162.90 +1.10 (Toting f/THit nrr m tm/img mmtu-irs, but uhsoiiilr diffpmur is in Ss.
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    • 260 4  -  HOT STOCK/ WARRANT By Ven Sreenivasan IN a market where price performance is weak, having a generous dividend policy can pay off a point proved by defence equipment contractor Singapore Technologies Engineering. Its stock jumped 15 cents to $1.86 yesterday, a
      260 words
    • 738 4  -  BTlJtli'.liiM.H STOCKS r. sivanithy FEW would dispute that the local equity market is stuck in a trading mode, seemingly decoupled from Wall Street and with a Straits Times Index that doesn't represent the broader market on a day-to-day basis. Fewer still would challenge the
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    • 588 4  -  CURRENCIES Bat Wall St closes mixed, with bine chips dipping and tech stocks firming larry wee THE US dollar eked out more modest gains yesterday after the overnight announcement of a US tax relief package valued at US$67O billion over 10 years.
      Source: Moneyline Telerate  -  588 words
    • 435 5  -  Analysts raise 'boy' calls; counter seen as strong yield play By David Boey NEWS of a record 18.5-cent dividend and strong operating performance sent shares in Singapore Technologies Engineering soaring yesterday, with volume to boot. The stock of the defence group shot up
      435 words
    • 232 5 SINGAPORE Food Industries, a government-linked food processor, announced board changes yesterday, including the resignation of its chairman Wong Kok Siew. The changes follow the divestment of SembCorp Industries' stake in SFI as part of the diversified engineering group's effort to raise some $262.5
      232 words
    • 254 5 SINGAPORE Computer Systems (SCS), which makes twothirds of its sales in the home market, has expanded further into India with another investment in an IT firm. The Singapore Technologies unit, which sets up and runs computer networks, said yesterday it has
      254 words
    • 536 5  -  It says there are no material rhangM since its Nov update of H2 prospects By Serena Ng NATSTEEL president Ang Kong Hua yesterday said the listed steel miller is unlikely to release its thirdquarter results at this juncture, despite a request by the Securities
      536 words
    • 244 5 CSA Holdings' Hong Kong-listed subsidiary Automated Systems Holdings is planning a new-share placement to restore the number of shares in public rfands to the minimum required 25 per cent. The move follows an earlier announcement that the public float has fallen
      244 words
  • 50 4 UNIT TRUSTS FUNDS IfGENa Al prkß an indKabv* «op< tor E* fcnggit Aswtv •ro«»y BwmiM I Nwrowty FooMd; t Lonimr Kale Low «o Mcdwni *sfc 4 IMm to M#i tafc. Higtar Risk. apvrt-cndcd. ••for* subdrvwon o4 units, After subdivision of units. SP J*««r stock J»*t Hon OMkng Day; Hoar PriceSSOnS
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  • Page 5 Advertisements
    • 76 5 i syS uV'j* J r akijp /^S^^HS Team Building Packages from $300 per person onwards. 2N Malacca/Kuala Lumpur Cruise (Wed) 2N Weekend Cruise (Fri) 3N Langkawi/Pttuket Cruise (Sun) Luxurious Accommodation Casual Fine Dining World-class Entertainment Recreation Spa Facilities for the Young Call Star Cruises now! Corporate Sales Hotline: 6228 9836/9841
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  • SINGAPORE news
    • 501 6  -  But it remains the most globalised city in Asia By I Chuang Peck Ming HIT hard by a worldwide slowdown, Singapore has slipped further in the rankings of top global nations. It dipped one place to fourth position in AT Kearney/Foreign Policy
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    • 199 6 REGISTERING a new business could cost thousands less when a new on-line service is launched next Monday by the Registry of Companies and Businesses. When Bizfile (www.bizfile.gov.sg) comes on-line it win cost just $300 to incorporate a company down from the current $1,000
      199 words
    • 349 6  -  Byy Christopher Tan THE perennial race between Toyota and Nissan for the No 1 spot has started early this year, driving COE premiums higher all round in 2003's maiden tender. COEs for cars and trucks closed as much as
      349 words
    • 324 6  -  La w firm claims data potting rival ahead is incomplete By i Catherine Ong ALLEN Gledhill, Singapore's leading law firm, says it continues to have the lion's share of the mergers and acquisitions (M&A) work here and in the region, and that
      324 words
    • 278 6  -  By. Audrey Tan COMPANIES in Singapore expect to raise pay by an average 3.3 per cent this year, as well as pay variable bonuses of an average 1.6 months, a survey found. Human resource consultancy Watson Wyatt found in its latest quarterly survey
      278 words
  • Page 6 Advertisements
    • 501 6 Ever wonder how smart investors like Warren Buffett, George Sorros and professional Hedge Funds Managers created their wealth from the Stock Market with capital protection, very low investment (near to CASHLESS) to gain unlimited profits? For the very t«t time in Singapore, you will be able to unveil learn the
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    • 33 6 Jai g^^^Sy^T.Carte^Bu^^^B \™y%dt \M/Hwh ALtff I and enjoy a lavish spread of ice cream, I salads, local desserts and fresh fruit on 'v Frotn I For reservations, please call 6&8 l 2138 I
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    • 85 6 flj Friday night is Fashion Nite at Discovery Pub. Come watch a bevy of beauties show off the latest in leisure wear. g Hit's also Happy Hours from 3toBpm on Hweekdeys and all day weekends. HEnjoy 20% off housepours jBB "m? 1 ';|H :fl JKK jB Aw 1 Sa types
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    • 271 6 Indulge In the best of two culinary worlds as we bring you the best of International cuisine. Highlights indude Pepper Crabs and Rod Prata from Singapore. Sashimi and CaiUbrnian Hand Rolls from Japan. Fresh Oysters. Soft-shelled Crabs and Braised Oxtail from Europe and lots more Monday to Sunday (except Saturday)
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    • 49 6 I YOUR COSY HAVEN AWAITS Relax and unwind after a hectic day's work with a refreshing drink at the Mezzanine Cafe Bar. Reservations: *****286 Mezzanine M sir ffl Mandarin Suufaporr -J WW 3C X: XB im <= flATtlis 333 orchard Road. Singapore *****7 ■SV.'.Tr' Tel: 6737 4411 Fax: 6732 2361
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  • EXECUTIVE suite
    • 389 7 Construction exports seen hitting 1b CONSTRUCTION exports are expected to hit $1 billion this year, continuing a rising trend since 2001, said the Building and Construction Authority (BCA) at the Construction and Property Prospects 2003 seminar yesterday. Total exports from the sector stood at $787 million in 2001, with 2002's
      Source: BCA  -  389 words
    • 636 7 DEVELOPER/OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE fTrffffTTyfTTTB launched units sold ($pso Th# RDC Prop 2 Yan Kit Rd 667-1,464 63 *30 900 FH~ Blue Horizon FEO 5 West Coast Crescent 904-1,227 616 402 550 99-yr Robertson 100 MCL Land 9 Martin Rd
      636 words
    • 590 7  -  Demand expected to fail by 15% but recovery seen in 2004. Vince Chong reports on the industry's outlook Vince Chong THE construction industry won't have much to look forward to this year, with demand forecast to fall by 15 per cent to $12 billion. The
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    • 23 7 I I I Alookat I returned I I Chinese I I who have I I own I I businesses I I inChino I
      23 words
    • 144 7 Australia South Africa Perth S$ 1385 Cape Town *****5 Adelaide 1495 Johannesburg 2515 Melbourne 1495 2SSL. I South America Auckland 5,775 Buenos Aires. S J 4406 China Guangzhou S$ 1285 TSIWSII Hong Kong 1285 Kaoshiung S$ 1385 Beijing 1495 Taipei 1385 Shanghai 1495 Xiamen 1495 (J|(/ Europe India Amsterdam S$
      144 words
    • 13 7 To advertise your Notices Call toll-free 1800 289 8822 or email recruit® sph.com.sg
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    • 168 7 f Jones Lang W LaSalle. PRIME PROPERTIES FOR SALE 63 Mount Sinai Drive, District 10 Site Area: 62,430 sq. ft (approx) f S Strata area: 120,772 sq. ft (approx) s£>'; •20 storey high rise condo 5* 5 •45 Units comprising of 3-5 bedroom spacious apartments Z *2 §$V- Immediate Cashflow
      168 words
    • 12 7 To advertise your Notices Call toll-free 1800 289 8822 or email recru'it@sph.com.sg
      12 words

  • REGIONAL news
    • 333 8 SINGAPORE It will spend 158b rupi&h to enable better places to attract capital Bloomberg INDONESIA, facing a flight of investors such as Sony Corp, will spend 158 billion rupiah (Ss3l million) to rate the country's provinces on their investment climate, so places with a
      Bloomberg  -  333 words
    • 293 8 SHANGHAI Reuters AN official investigation of 192 companies in China found 53.6 per cent of them misreported profits in 2001, the Ministry of Finance said in a statemen£>ublished on its website www.mof.gov.cn. It said the probe showed a government campaign to improve shoddy corporate
      Reuters  -  293 words
    • NOTEBook
      • 72 8 Reuters [TAIPEI] All six Taiwan airlines applying to fly to China for the first time in over 50 years have received approval from Beijing, a move hailed by Taipei yesterday as a goodwill gesture. The six Taiwan carriers would operate 16 special charter services
        Reuters  -  72 words
      • 83 8 AFP ISYDNEYJ Indonesian tennis officials will ask glamorous Russian star Anna Kournikova to play a tournament on Bali as part of efforts to lure tourists back to the island following last year's terrorist attack, it was reported here yesterday. Wismilak International tournament organiser
        AFP  -  83 words
      • 75 8 Bloomberg [KUALA LUMPUR] CIMB Bhd, the investment banking arm of Malaysia's No 2 lender, rose less than expected on its stock exchange debut on concern that a slowing economy will crimp its business. Shares in the country's third-biggest investment bank, a unit of Commerce Asset-Holding
        Bloomberg  -  75 words
      • 81 8 Reuters [HONG KONG] Hong Kong received a pat on the back from the International Monetary Fund (IMF) yesterday for steadily maintaining the link between its currency and the US dollar despite economic hardships. "The authorities have the ability, they have reserves, they have
        Reuters  -  81 words
    • 381 8 BANGKOK However, govt insists figure is too conservative Reuters THAILAND'S economic planning agency stood firm yesterday on its moderate economic growth forecast for 2003, despite criticism from the government that the projection was too conservative. The National Economic and Social Development Board (NESDB),
      Reuters; AFP  -  381 words
    • 452 9 TAIPEI Move comes even as only 40% of Taiwan ventures in China are making money Reuters AP AFP DESPITE less than half of Taiwanese ventures in China not making money, Taiwan is expected to approve top microchip maker Taiwan Semiconductor Manufacturing Co's
      Reuters; AP; AFP  -  452 words
    • 245 9 AFP [HONG KONG] Wealthy Hong Kong businessman Richard Li waited eight years and shelled out more than HKS2OO million (5544.6 million) on a dream luxury home —only to decide against moving into it, reports here said yesterday. The Hong Kong telecoms magnate younger son of
      AFP; BLOOMBERG  -  245 words
    • 335 9 NEW DELHI Indian PM expected to announce plan for dual citizenship AFP HUNDREDS of Indians who live overseas are gathering in New Delhi for an unprecedented three-day meeting where Prime Minister Atal Behari Vajpayee is expected to announce a long-awaited proposal for
      AFP  -  335 words
    • ASIANotes
      • 91 9 AFP [TAIPEI] Taiwan will grant a five-year tax break for manufacturing investments in a bid to attract some NTII2O billion (Ss6 billion) to the sector, an official said yesterday. The economic ministry would soon work out rules on the tax exemption package which was
        AFP  -  91 words
      • 42 9 Reuters [BEIJING] China's industrial output is expected to rise about 10 per cent this year, led by the car and electronics sectors, a senior government official was quoted yesterday by the China Securities Journal as saying.—Reuters
        Reuters  -  42 words
      • 84 9 Reuters [HONG KONG] News Corp's year-old Mandarin language channel is set to gain new rights that will expand its broadcast area in China to selected venues throughout the country, an industry source said yesterday. Under the new arrangement. Star will be allowed to
        Reuters  -  84 words
      • 81 9 Reuters [BEIJING] China will soon open its public utility sector to foreign investment to try to improve competition and services in the state-run businesses, the official Xinhua news agency reported. The government would take steps this year to accelerate the commercialisation of the sector, Xinhua
        Reuters  -  81 words
      • 79 9 Reuters [TAIPEI] Taiwan on Tuesday eased regulations in its capital markets to try to attract more cash from foreign institutions. Taiwan's securities regulator, the Securities and Futures Commission, halved the minimum size of foreign institutional investors to US$lOO million and opened the door to large offshore
        Reuters  -  79 words
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    • 443 9 I Woods TAG Heuer wmmmm what are you made of VHV Winning breeds winning. To pushing back the boundaries. Tiger Woods changed TAG Heuer. Tiger Woods. the way the game is played. TAG Heuer changed the T A Swiss watchmaking way watches are made. Both spurred on by a striving
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  • EDITORIAL & opinion
    • 748 10  -  mtTTtTTTTTTTI OPINION frank ching RECENT discussions in Washington with senior members of the Bush administration as well as official statements suggest that relations between the US and China are now much better than at any time since the inauguration of President George W Bush, and
      748 words
    • 65 10 The consumer debt burden has never helped forecasters in any tangible way to forecast consumer spending or economic growth.' Steven Wieting an economist, on the use of certain statistics. They are being spat on. They are being cussed at. They are being hit.' Steven BoyUn a US
      65 words
    • 620 10 EDITORIAL SOME 3,600 companies have chosen Singapore as their HQ location in the Asia-Pacific. It's one economic indicator that, increasingly, will underscore Singapore's battle for investments. For now, the prognosis remains promising. Despite the poor economic climate, Singapore managed to garner according to the Economic Development Board's
      620 words
    • 1156 10  -  While scoring political points, Bosh's economic plan conld cause soaring deficits and do little in the short term to stimulate the economy By Elisabeth Bumiller NYT PRESIDENT George W Bush opened a second front in his 2004 re-election campaign with an economic plan
      NYT; AP  -  1,156 words
    • 378 10  -  MAiurrrn Leong Sze Hian I WOULD like to suggest that schools move away from the emphasis on the competitive nature of sports and allow and encourage more leisurely pursuit of games by children. When my daughter was accepted into her school's tennis and bowling teams,
      FILE PHOTO  -  378 words
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    • 99 10 Fax your letters to 6319-*****r email them to btietter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the
      99 words

  • BUSH stimulus plan
    • 796 11  -  Economists reckon it'll help Irat not enough to spnr strong growth Promi Andrew Marks in New York IF President George W Bush is right, his economic stimulus plan unveiled on Tuesday would strengthen the US economy and fuel the kind of economic growth that
      Source: Reuters, USA Today  -  796 words
    • 160 11 Reuters [WASHINGTON] US President George W Bush and Vice President Dick Cheney each stand to reap thousands of dollars in savings from Mr Bush's proposal on Tuesday to eliminate taxes on stock dividends. Based on income reported in his tax returns for 2001, Mr Bush
      Reuters  -  160 words
    • 164 11 [WASHINGTON] President George W Bush, who proposed the scrapping of the tax on stock dividends as the centrepiece of the economic stimulus package, left open whether the tax cut would extend to foreign shareholders, the Financial Times said. The decision whether to
      164 words
    • 451 11 US govt believes that Eliminating dividend taxes will help stocks, economy recover LAT-WP [WASHINGTON] President George Bush's proposal to eliminate taxes on cash dividends that companies pay shareholders has the potential to return investing to a simpler time a stock market familiar to octogenarians,
      LAT-WP  -  451 words
  • Page 11 Advertisements
    • 230 11 An Open Letter to Nat Steel Shareholders 98 Holdings' Offer closes at 3.30pm tomorrow. Dear shareholder 98 Holdings' Mandatory General Offer closes tomorrow, Friday 10th January, at 3.30pm. There will be no increase in our offer of $2.06 per share. There will be no extension beyond 3.30pm tomorrow. If you
      230 words

  • Article, Illustration
    1082 12 Transaction date: Jan 8 DITBRBAME CROSS RATES AS CS fcnfc Ew» H*S Indts N»U> Hi Hi 1 W2S Pafcts N» SS tond Sir OTS 8afct Pomd IBS Australia 0.896 4.766 0.552 4.480 27.551 51.289 0.690 6.818 2.183 1.083 33.462 30.739 1.001 4.972 0j04 19.884 24.588 0J59 0574 Canada 11M
    1,082 words
  • 1486 12 SICOM FUTUIIES Jan 8 W06E* Fehres (de*9 |hte$) tSS t (S cwitsAf) Close Votane Open Meotb Hlph Low Satt (towns) Interest Feb 03 ***** Mar 03 155.75 Ayr 03 158.00 May 03 150.00 RSS3(UScm(sAq) Votwoe OpM Moot* Mfk Low Sett (toMM) tatarest Feb 03 88.00 87.00 88.00 450 2850
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  • WORLD news
    • 387 12 DUBAI/KUWAIT Output may rise by 1-Lsmbpd to offset Venezuela strike, possible Iraq war Reuters OPEC producers yesterday called an emergency weekend meeting to decide how much more crude to pump to prevent a long-running strike in Venezuela and a looming war in
      Reuters  -  387 words
    • 249 12 NEW YORK Bloomberg BANK of New York Co yesterday agreed to purchase Credit Suisse First Boston's Pershing unit for US$2 billion in cash, plus assumed debt, to become the world's biggest securities trading company by brokerage clients. The acquisition of the clearing firm
      Bloomberg  -  249 words
    • WORLDWatch
      • 82 12 Bloomberg [LA QUINT A, California] Yahoo! Inc said it expects 2003 profit before some expenses to rise about 41 per cent on higher sales of advertising and services. CFO Susan Decker yesterday reiterated a forecast that Yahoo made in October for earnings before
        Bloomberg  -  82 words
      • 60 12 Reuters (NEW YORK] The arrival of the new year did little to lift the spirits of US consumers, whose confidence in the economy was unchanged in the latest week. ABC News/Money Magazine said its weekly consumer confidence index was flat at minus 19 on the
        Reuters  -  60 words
      • 82 12 AFP [SYDNEY] Australian takeover target Goodman Fielder Ltd said yesterday tax authorities were demanding an extra A 5101.6 million (*****.7 million) from it after an audit. Analysts said the Australian Tax Office bill could prompt Burns Philp and Co to lower its A 52.2
        AFP  -  82 words
      • 55 12 Bloomberg [BUENOS AIRES] Argentina scrapped most of the currency controls it imposed more than a year ago to spur trade and revive growth after the peso gained 14 per cent since October. The central bank lifted limits on making payments for imports and let foreign
        Bloomberg  -  55 words
    • 490 13  -  Minister says money pumped in by central bank not circulating properly From* Anthony Rowley in Tokyo THE Bank of Japan came under pressure to undertake more aggressive monetary easing when Economics Minister Heizo Takenaka yesterday urged the central bank to ensure that money
      490 words

  • Page 13 Advertisements
    • 1314 13 T. WietHienil 101 l &CT uuommi /recr»lie«pt.c«» n IN THE MATTER Of THE COMPANIES ACT, CAP. SO [{Section 290(2Hb)] AND IN THE MATTER OF NDC CAPITAL HOLDINGS LTD (In Mimb»r»' Voluntary liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting ol the Company held at 6 Shenton Way, DtS Building
      1,314 words
    • 336 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO DARRON OIL TOOLS PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed lo be held on 6 January 2002. the following resolutions were duly passed 1. SPECIAL RESOLUTION WINDING-UP That the Company be wound up voluntarily
      336 words
    • 934 13 To call teU-frw 1800 *****22 /laudl nniH»iph rna >£ IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF LAURA SHIPPING PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act. Cap 50 that
      934 words
    • 1729 13 MIYOSHI PRECISION LIMITED (Incorporate in the Republic of Singapore with limited liability) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Miyoshi Precision Limited ("the Company") will be held at No 5 Second Chin Bee Road, Singapore *****2 on Friday, 24 January 2003 at
      1,729 words
    • 581 13 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WB HOLDINGS (SINGAPORE) PTE LTD (In Creditors' voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap 50. the Final Meeting of the Company and the
      581 words
    • 442 13 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 [Section 290(2 )(b|) AND IN THE MATTER Of DBS FINANCE NOMINEES PTE LTD (In Members' Voluntary Liquidation) NOTICE Of RESOLUTIONS Al an Extraordinary General Meeftng of Ihe Compony held at 6 Shenton Way, DBS Building Tower One Room 18-4, Singapore *****9
      442 words
  • Page 13 Miscellaneous
    • 333 13 CRYPTIC CROSSWORD ACROSS n [2 p I p R [ft Hp 1 Case, perhaps, for outdoor —Hi pursuits (5-6) 9 The last direction to go (4) 10 A graphic description? (4,7) 11 This girl's English also re- kfl lH HI |H| ■■pi Runner allowed to enter the ||H 16 Quiet
      333 words

  • 16 14 i Transaction date: Jan S for more, go to uw. ru. 'jasiaorien ma rketsivm
    16 words
  • 5 14 Transaction date: Jan 8
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  • 808 14 Transaction date: Jan 8 MM 1 O— a»f j—Ammm 1 Omt Omft CMC 0-39 3 OK -0120 NatSta* SOc 050 2X70 *0010 CaprtaLand 1 X9 1.0(0 -OiMO OCOC 111 9300 *0 ISO Chart SamrCond 26< Oil 07*0 *0X05 OOC 034 5X00 -0.250 City Oev 50c 1X5 4. WO Partway
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  • 538 14 BONDS WARRANTS Lad Vol Com Eur oZ tear-'At* C—p—y Mi *m- HWI M» W» U> AST1W*****1 17.5 1 16 148 0.77 17 Aona Ltd VMM 1116 2 1 700 US 22 AmtekW*****0 74 0.5 10 1 33 1 1.43 29 Armstrong VW40S20 IS 1 10 130 333 16 Oar 6%5A*****110k
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  • Page 14 Advertisements

  • 15 15 Transaction date: Jan 8 for live prices, log on to umm 'asiaoriema rketsjcom
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  • 62 15 UM Vat Om, LMtQwM* GrMr M* CrtW MM fCjm imm fiim m» <± cmm u» —w s*> Cw m U ***** Diamonds US113 311O S3«0 2*00 IS DJ US Tech US3740 S A SSS IS MSO Spore USSR naao «2oo issapsoo uss2?o ***** vao VOn US8280 180S 1380
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  • 325 15 52-Wk Last Vol Day Lai Q—i GrOw Wo CrtM Mat MCaa Lmm S*« W- f—| I—' —>» Cw M Ml 115 80 AVJennangs A25c A955 *15 73 95.5 94 95 96 40 3.4 105 56 205 5 CathayPac20c MK720 265 2.1 7.4 6 243(62 Cheung Kong50c HK1780 240
    325 words
  • Page 15 Advertisements
    • 135 15 Six Sigma The Third Wave Use Six Sigma techniques in Software development and program implementation for quantifiable impact, reduced cycle time, and cost effectiveness. I Only 16.2% of software projects are completed on time and I I within budget I I Over 50% of all software projects will exceed their
      135 words
  • BIZIT
    • 483 15 BizXT But analysts say company has to do a lot more to win over Wall St LAT-WP [SAN FRANCISCO] Declaring 2003 "the year of the laptop" for Apple Computer Inc, chief executive Steve Jobs unveiled a pair of new Powerßook notebook
      LAT-WP; REUTERS  -  483 words
    • 597 16  -  Management buyout in line with Temasek's July charter to dilute stake in some companies By Raju Chellam Another Temaseklinked company has gone through a management buyout (MBO), in line with the government investment arm's July charter to dilute its stake
      597 words
    • 679 16  -  INFOTECH But can It be a viable platform for business? Recent findings are encouraging kenneth james FOR the local infocomm sector, weighed down by a seemingly endless stream of negative developments, it was certainly welcome news. Sing Tel announced on Tuesday that the number
      679 words
    • 179 16 NYT (NEW YORK] IBM took an other step away from its roots as a manufacturer of computers, announcing on Tuesday a three-year, US$3.6 billion agreement with Sanmina-SCI to take over the manufacturing of some server computers and desktop personal computers and to handle
      NYT  -  179 words

  • Page 16 Advertisements

  • SHIPPING GUIDE
    • 628 17  -  COLLISION Df STORE STRAIT Ship's employers pledge to return those involved if necessary By Donald Urquhart [SINGAPORE] The managers of the container ship involved in the collision with RSS Courageous have handed over to Singapore investigators the ship's log and key data
      AFP; MINDEF  -  628 words
    • 280 17 Knight-Ridder Reuters THE Baltic Dry Index rose 4 points to 1746, the Baltic Capesize Index rose 6 points to 2432, the Baltic Panamax Index rose 6 points to 1731 and the Baltic Handymax Index fell 15 points to Q££Q iroOl/ TIME-CHARTER: Bulk Asia (built 2001) *****8 dwt delivery
      Knight-Ridder; Reuters  -  280 words
    • 267 17 sex 'ooo ■Una SS Vol CWT Distribution 0.70 unch 0 ChuanHup 0.45 0.01 2120 Cosco Investment ....0.20 -0.01 43 Freight Links 0.03 unch 60 GB Holdings 0.60 -0.01 10 Jaya Holdings 0.24 0.01 504 Keppel Corp 3.72 -0.02 401 Keppel Marine 0.16 unch 140 Keppel Tele 0.77 0.01
      267 words
    • 335 17 PRESTIGE OIL SPILL French submarine plugging leaks aboard Prestige AFP [BORDEAUX, France] Fresh globs of oil from the sunken tanker Prestige washed ashore on Tuesday along France's Atlantic coast, but easterly and northeasterly winds swept some of the sludge back out
      AFP; AP  -  335 words
    • 151 17 Bloomberg [SINGAPORE] PSA Corp. which runs the world's sec-ond-busiest container port, moved 28 per cent more containers in December than a year earlier, helped by its overseas acquisitions and a recovery in Singapore trade. The corporation said it handled 2.18 million 20-foot containers (TEUs)
      Bloomberg  -  151 words
    • PORTShots
      • 91 17 Xinhua [HANGZHOU] A new local regulation on commercial fisheries has been adopted in Zhejiang allowing residents of the eastern coastal province to invest in the construction and management of fishing ports. Private individuals were previously forbidden from running such facilities in the province. Zhejiang
        Xinhua  -  91 words
      • 82 17 AP [HONOLULU] A tentative agreement has been reached on a new contract for about 480 dockworkers in Hawaii, officials said. The Hawaii Employers Council, which represents the shipping industry in Hawaii, said the new six-year deal was reached on Saturday. "Both of the negotiating committees
        AP  -  82 words
    • 629 18  -  NEWBUILDS -By 1 David Hughes THE coming year promises no let up in the competition between shipbuilders who are still chasing too few orders. It is not that owners are not ordering but that world shipbuilding capacity remains well ahead of realistic demand. In
      629 words
    • 3 18
      3 words
    • 3 22 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 664 25 Vessel Voy No Berth Arrival Departure JURONG PORT AN GIANG 5 01/2003 J25 A/SIDE 09/01 130< ATLANTIS 7 A7126 J2 A/SIDE 09/01 063( BAYSWATER228 E3005 J3 A/SIDE 09/01 003( BT BERKAT YA JAN8 J1 A/SIDE 09/01 020< J SPRING 2 J4/5 A/SIDE 09/01 060< ANGGADA 4 JB0101 J3
        664 words
      • 2 25
        2 words
      • 148 25 Ju 13 Japan: Com ing-of Age-Day. Jan 31 Hong Kong: Lunar New Year": Day. Korea: Lunar New Year's Day. Feb 1 China: Lunar New Year's Day. Hong Kong: Lunar New Year'! Day. Korea: Lunar New Year's Day. Malaysia: Lunar New Year's Day. Singapore: Lunar New Year's Day. Feb
        148 words
      • 496 25 Carton 180 Mai 990.4 0.4 15.0 0.05 55 0.03 Ja» 2 Density Hater tnMw AikAhmMwa Sediment Mo *x*t t25 0 0 0 0 0 0 rZZ 380 Ave 964.1 0.2 12.7 0.05 26 0.02 380 Mai 990.5 0.4 17.4 0.06 76 0.04 W) m/m mt -kikx
        496 words
      • 778 25 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem Market movements are indi cated. The Cockett Bunker Price Index change
        778 words
    • AIR & LAND transport
      • 436 26 Pilots' action will save troubled carrier at least USs4om a month Reuters [CHICAGO] Three of United Airlines' five unions approved temporary wage cuts on Tuesday to help the bankrupt carrier meet the terms of its financing agreements. United pilots approved interim wage
        Reuters  -  436 words
      • 254 26 Bloomberg [HONG KONG] Cathay Pacific Airways agreed to buy six new Airbus SAS A3OO- freighters as it starts new routes in Asia and handles more DHL Worldwide Express packages. The wide-body aircraft are scheduled to be delivered between the second half of 2004 and the
        Bloomberg  -  254 words
      • 232 26 [HONG KONG] A record high of flight movements at the Hong Kong International Airport (HKIA) is expected on Jan 31, the day preceding the Lunar New Year's Day, with 732 aircraft scheduled to arrive and depart. The previous record high of
        232 words
      • 366 26 Road and rail traffic disrupted, flights delayed Reuters [LONDON] Heavy snow brought road and rail chaos to parts of central Europe on Tuesday, forcing people in the Croatian capital Zagreb to abandon their cars and plough through thick snow on foot. Overnight
        Reuters; REUTERS  -  366 words
      • 640 26 Ferries are used to take trains across Straits Xinhua [HAIKOU] China's first-ev-er maritime rail service was launched on Tuesday with the loading of a locomotive, four freight cars, and a number of trucks onto a railway ferry. The ferry left Hai'an on the southern
        Xinhua; REUTERS  -  640 words
      • 408 26 AIRLINE COOES AA American Artnes (AAL, At Am France IAFRi AJ ArlnOmMCi AY Frnnar Oy (FtN) AZ AMaAa Artnes IAZAI BA Bntisfi Arways Pubtc LU Co (BAWI BG Bman Bangladesh Artnes iBBCi Bl Royal Brum Artnes Sdn Bhd (RBA) BO Bouraq Arrtnes (SOU) BR EVA Arways
        408 words
  • Page 17 Advertisements
    • 69 17 Three United unions agree to interim pay cuts BBACKPAGE China launches first sea rail service back page For advertising/subscriptions, call Bernard Ong: 6319 1645, Jarrod Leong: 6319 2089 For editorial matters/special features: Beth Jinks: 6319 5214, George Joseph: 6319 5772 Donald Urquhart: 6319 5197 Fax: 6319 8281 Marketing/traffic: D Surendran:
      69 words

  • Page 18 Advertisements
    • 411 18 I IMPORT 1 NORTH AMERICA 11 11 GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) |QULF KARACHI EXPRESS (OKX) ~~l U* m m vot ka MM imp m OOdAMEIKA 45W50 ***** IVOI MTO! ftO WEDUOYD DAMMAM 0/1 01/01 02/01 0«/»l 11/01 OOaCAUTOtNU 47WS1 31/12 20/01 (NMT PtO NEDUOTD PUSAN 03C 00/01 of/01
      411 words
    • 63 18 WORLDGATE EXPRESS UNES PTE LTE yC±\ 180, Cecil Street, *16-03/04, Bangkok Bank Buikfing, Spore *****6 x"W x Tel: *****911 Fax: *****073/*****863 Email: wgate@mbox2.singnetcoin.sg WEBSITE: woridgate com, sg Calcutta J^Chtttagong COLOMBO 113/01 Karachi PORT LOUIS 14/01 Bombay V /Madras CHm, OOHO/ HM j 9 V?s T mauiao karachi/lahore 10/01 j I
      63 words
    • 695 18 lines services represented by Members of the Registry of \XxWjJ Accredited Shipping Agents, \»m jy Singapore Shipping Association J Members of the Singapore Logistics Association g LILY UNE MALE AVESSEL VOT OA ETA ETA A f. HUNG SPOKE MAli Princess lily 0103 11/01 12/01 20/01 Empress Uly 0103 29/01 30/01
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  • Page 19 Advertisements
    • 990 19 TO USA (SAX SERVICE) VESSEL VOY SIN ETA LAX OAK DAI HOU CHI COt MEW All NYC Aft SCOTLAND 1141 11/01 30/01 03/02 04/02 04/02 04/02 04/02 04/02 07/02 07/02 API BELGIUM 1121 22/01 00/02 10/02 11/02 11/02 11/02 11/02 11/02 14/02 14/02 API SWEDEN OMT 29/01 13/02 17/02 18/02
      990 words
    • 1787 19 BwIHMWMiB CAU TO Colombo 4 days GOHAI MM SMUTOtf NM6ON *9 4174* UIK/MSS TIL *****157/41 ML 42*5121/24 I S^SsiS WNS m"D 558? iSSE SSS/S I BUWUUMS- 17 DATS UKK T/SMT Kf *****475 *****314/44 I JONOC'S WFKL (ONVOmOMI *****301/450 *****373/73 I tosai AgNCKS (Ml 544 OHO HLO7-15M144 HUtW-iSMIW VSiyVOT W HU
      1,787 words
    • 652 19 rasa vot 9N skg jkt GAiroiHUM no7i I 10/ i |is/i u/i ?i/i w\ Is/i lmbhum ms 11/1 14/1 Hs7i HUMSAIHUM WQ6O 117/1 172/1 73/1 78/1 30/1 1/2 UUBHUM 790S U/l 71/1 77/1 [AMAMIHUM W2BO 1 24/1 1 71/1 30/1 IV? 4/7 «77l LIU IHUM WIS 75/1 28/1 79/1 MAS
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  • Page 20 Advertisements
    • 799 20 HMJIf-' I HYUNDAI MERCHANT MARINE CO., LTD. Hi«ip.|i:wwwJ—il.ii. a MO. IM*7«M»OOH |vßsa vot sou i» «tm |aw ham I ory [wssn vot sou ~uh I rtm "ant ham ~~m~ SW AftOCNMARK H4W 02/01 76/0? M/OJ 30/0T MOl PROMISE 0051 I J/1 J 14/11 04/11 11/1J 11/11 ■oirwotm 004W 03/01 24/01
      799 words
    • 1394 20 WAN HAI immONML Pit LTD at no imwoooo/i "l TH;*22*ls» (I4UMIS) FALA224IIU WvWAN HAI LINES ss=a»fi£3ssa_ V WKVlßMaiMkmßiaßiaimimiixmtnwLiniixmm/miJH 1..: W^miliWWWLW.,s»«««■:7W»/7.«. ML 7IIV* """•"■"•"■•'l m.|jtl|4iy«lMLtMH4liWß/4K?IW m uo «c u «h kiwyhh no to* tws «go ru kenarm liii itimi insi jtui mi k*i irm jwi hwiiwTii mi iiiw ii/w rv»i jvw
      1,394 words
    • 654 20 m s&irA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICO POIHTS VPM VOT SI PJUAN6 COUMMO N. SKYt (OtOMQ jwjjaw lITW QUA* OMU on isiai MM HSWASTB SOI7W I3IMI IS Ml HJM Kill »1M TWBIMD6 MW» WIAA 771A1 MJAI 71JAA Q| FB lourttwiu tpwis viu !mi
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  • Page 21 Advertisements
    • 1072 21 VQY KHH HKG jjj PtU. PXB B PMM iIK M.V. UNDAVU KL- 293 10/01 11/01 14/01 15/01 22/01 23/01 01/02 03/02 IRAN KERMAN PCI 294 14/01 15/01 IS/01 19/01 26/01 27/01 07/02 09/02 MAN ISFAHAN PCI -295 21/01 22/01 25/01 26/01 02/02 03/02 11/02 13/02 IRAN HORMOZGAN PCI 296 2S/01
      1,072 words
    • 498 21 UK CONTINENT SERVICE Loading lor KOVDOft RDM/ATW/BMN/UK/NAN SETIFII RDM/ATW/BMN/UK/NAN Loads Sngapore. E7W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for STAR 2000 JDH/AQA EXPLORER S DBI/ABU/OOH/BRN/DMM/KWT WHITE GUARDIAN DBI/ABU/DOH/BRN/DMM/KWT PACIFIC SUN II DBI/ABU/DOH/BRN/DMM/KWT PIONEER SAILOR JDH/AQA/DMT "Loads Sngapore. E7W Malaysia. Indoneaa USA SERVICE Loadng for PONTOPORUS VCW/LAX/MZL BLUE PRINCESS CAM/NFK/SAV/NOL GANT VISION
      498 words
    • 791 21 nssa m m m ma m m *1 mcoamm mm n/u i?/oi mi 00/oi n/»i huoamm mm uzu 'Vfi iom liu lizu uai BtMßi 0041J 14/01 14/01 JOLIIU rm ia/ii u/ai PACOAMM mm UZU U/P' n<.mnm tiw iyoi ?i/»i r*cmm mm uzu ly/oi hkoamm oamm u/oi it/11 HX lAMB* OA4SH
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  • Page 22 Advertisements
    • 122 22 |v«i |v»Y Ik—rl th* |>ilb>il|ic— Shonqhoi Senator 947E** 14/01 23/01 29/01 30/01 Shonqho! Senotor 947E" 14/01 02/02 OMIT 12/02 14/02 16/02 Shonohoi Senotor 947E" 14/01 ~*****" OMIT 20/02 ***** *****" Palermo Senator 949E 21/01 06/02 12/02 13/02 Palermo Senator 949E 21/0T 09/0? OMIT 20/02 22/02 24/02~ Polermo Senator 949E 21/01
      122 words
    • 215 22 CWT GLOBELINK PTE LTD J OWN Offices IN TEL:€ *****33 (36 LINES) FAX:*****742 SYDNEY MELBOURNf PCNANG PORT KCLANG PASIR GUDANG KUCHING BANGKOK KARACHI BOMBAY A NEW DfLHI COLOMBO HO CHI MINH CITY HAIPHONG HANOI BREMEN HAMBURG TIANJIN QINGDAO SHANGHAI XIAMEN fUZHOU DALIAN XIAN BEIJING SHI JIA ZHUANG DIRECT SAILING TO:
      215 words
    • 271 22 BSA i MYANMA sn FIVE STAR LINE (MyMMr IMW UM) lnfa| for YoftfM nssa vor sm pu pbi pgu ONN SMWI HAW S4W $U» PAGAN V3O4W SU> IN MAUTSIA: OOUSTE AD SHIPPING AGENCIES Kill: 03-*****)00 P*L 03-317*4101 PIN: 04-2****** BANK LINE (A Mrvk* of kukm Wtir Shifpwg) I NORTHBOUND TO
      271 words



  • Page 25 Miscellaneous
    • 126 25 LEGEND Iwuid by Meteorological Servkee Division. NEA K Thunderstorm A Showers .A^\ Rain emperature 0,--/ vvmd direction and spe«d In knois Weather Cloudy Day Wind*speed symbols Conditions 0 Full circle w.'o line indicates calm or light and vanable winds L—=J S,l ht I 2m hall fleche represents 5 knot* I
      126 words