The Business Times, 14 January 2003
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2003-01-14
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The Business Times
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Title Section11 2003-01-14 1 THE BUSINESS TIMES j Internet: http://business-times.asial.com.sg SINGAPORE TUESDAY, JANUARY 14, 200311 words
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620 2003-01-14 1 Beth Jinks - i exclusive Smaller 34% stake means it no longer has management control By\ Beth Jinks [SINGAPORE] PSA Conwration has almost halved its planned stake in a model Japanese port project, after months of speculation that the deal may be scuppered and620 words
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Article77 2003-01-14 1 □an MM.O«(+3888) ST INDEX FUTURES MSS.00 (+40.00) mm iwtci ww» U 170.70 (+5.30) Moodav Change KLSECOMP 6ol 4* lo«6 NIKKEI225 <kaed BANG SENG »3341I8__ ***** SET INDEX 364 Oft -5 JAKARTA COUP Jmtf 443 MANILA COMP 1,***** 455 TA1POWPI 4.991 if 140.44 SEOUL rOJfP 64* 0C 19 70 SHENZHEN77 words
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Article72 2003-01-14 1 FOMEX RATI* Ut| ISS (SS pet IS»| 17.-W J£(lSS SSperli)_ 16U6 17»» ELTW<msS.E) 19S6 1*34 YEN ll»J fiHIHl Ml IttU 11*7 H KS 7799 4JHI BAHT 4178 2461 RIPIAH HJW a.]]2 RENMINBI 4775 INDIAN Rl'PEE— 47 JH 27 i* PRIME RATES SINGAPORE* W ALA UHn« 6441 HONG KONG Sl*m72 words
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422 2003-01-14 1 Lee Han Shih - Office project developed by OCBC, SCCCI, Capita Land By 1 Lee Han Shih [SINGAPORE] A brand new $320-million office building at Number 3, Church Street is being closely monitored by the building authorities because the 30-storey building has begun to tilt. The still-empty422 words
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615 2003-01-14 1 Andrea Tan - Blah: Bulk of current surplus units could be taken up within the period Reports byi Andrea Tan [SINGAPORE] In what could be major positive news for the construction industry, National Development Minister Mah Bow Tan yesterday said the HDB could crank615 words
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Article, Illustration636 2003-01-14 1 Minister estimates fewer than 10 households have migrated to bank loans [SINGAPORE] National Development Minister Mah Bow Tan yesterday cautioned borrowers that buying a flat is a long-term commitment and the decision on whether to purchase should not636 words
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Page 1 Advertisements
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Advertisement58 2003-01-14 1 Calculated, Unavoidable Risks^^ Whether it's a country, company or a person, if you I m don't take risk you Just 1 jR can't grow.y I -Chan Clin Bock, former chairman jfflf of Economic Development Board H ■NEXT PAGE **********11 8 "SBriSI 1 *****4 1 I (■Wj 4 f I r58 words
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Advertisement53 2003-01-14 1 Ltt Hm SUk, P«ot 9 Rolex GMT-M aster II and Rolex Lady-Datejust Officially Certified Swiss Chronometers www.rolex.com 0 THE HOURGLASS TAKASHIMAYA S C. TEL 6734 2420 RAFFLES HOTEL ARCADE TEL 6334 3241 LUCKY PLAZA TEL: 6733 1262 SCOTTS S C. TEL: 6235 7198 MILLENIA WALK TEL: 6339 4870 PENINSULA PLAZA53 words
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Article, Illustration716 2003-01-14 2 Stepping down in May, icon of new-old media marriage takes rap for media giant's big fall AP NYT AP NYT Reuters [NEW YORK] Blamed by shareholders for AOL Time Warner's sharp fall in fortunes, Steve Case says he will step down asAP; NYT; Reuters - 716 words
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Article219 2003-01-14 2 Health warnings, 2003-style TIRED of corporate double-speak? So is the sender of an e-mail that has been circulating on the Internet. Here's a sample. When CEOs and public relations executives say: "The stock is suspended pending clarification of the company's financial position", what they mean is "We're219 words
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Article, Illustration735 2003-01-14 2 Chuang Peck Ming - Nothing ventured, nothing gained —EDB style EDB's success story is one of calculated risk-taking, says ex-chairman Chan Chin Bock By Chuang Peck Ming [SINGAPORE] A BOOK isn't enough. Chan Chin Bock still has much to tell about the story of the Economic Development Board (EDB) like dispelling the myth that735 words
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618 2003-01-14 2 Anthony Rowley - Pooling resources is good bat bonds' tenure concern Fronn Anthony Rowley in Tokyo SOME analysts have questioned the appropriateness of using foreign currency reserves to foster an Asian bond market from which governments could meet some of their financing needs an618 words
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Page 2 Advertisements
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Advertisement491 2003-01-14 2 Goods and Services Tax Workshops 2003 Dates What 19-20 February 2003 The introduction of GST in Singapore signalled a fundamental shift in 19-20 March 2003 long term fiscal policy from an emphasis on direct taxes on income to 15-16 April 2003 indirect taxes on consumption. Cuts were recently made in491 words
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Advertisement9 2003-01-14 2 Profile: Risk-taker who lost a big bet, Pg 149 words
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SINGAPORE companies
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Article, Illustration380 2003-01-14 3 David Boey - Traders again betting on a recovery for tech stocks: analysts Ry David Boey SHARES of loss-making chip maker Chartered Semiconductor Manufacturing rose 9 per cent to 89 cents yesterday, despite a company announcement that dampened expectations of possible gains from a dealSource: Bloomberg - 380 words
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COMPANYBriefs
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Article246 2003-01-14 3 Bloomberg MOBILEONE Asia Ltd is expected to say that its profit last year rose 28 per cent, as Singapore's second biggest cellular-phone company reports its first earnings following an initial share sale last month. Net income in 2002 probably rose to $128.3 million from $100.5Bloomberg - 246 words
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199 2003-01-14 3 LISTED food company Want Want Holdings Ltd will pay 30 million renminbi for a 75.6 per cent stake in a China-based venture that it hopes will expand its presence in China. Want Want yesterday said it formed Beijing Mingwant Foods Ltd with199 words
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Advertisement456 2003-01-14 3 PricbmVERHOUSEQOPERS 9 This inaugural annual regional conference aims to help financial institutions understand the issues that would help them build an effective enterprise-wide anti-money laundering (AML) regime. It features well-known industry specialists including: Rick Small, Director of Global AML, Citibank Prof Michael Levi, Cardiff University Consultant to the UN Rick456 words
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SINGAPORE markets
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Article, Illustration325 2003-01-14 4 OTHER SINGAPORE INDICES Jan 13 VALUE CLOSE BT06/DS 533.00 +***** BT CAM -*****.00 +185.00 BT 10-4ay MA -*****.00 +53.00 M-SGtqmb* 365.04 +10.12 SG Equities El*ct 123.47 +4.29 1223.56 +32 55 SG EqMtfes Pro* 330.69 +12.04 MSCISmgapor* 170.76 SMSCI Fatm 170.70 +5.30 Mwla Vakmm Chart SemCond 26c 52.004.000 Datacrafl 10c 35.278,000325 words
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Article, Illustration262 2003-01-14 4 Ven Sreenivasan - HOT STOCK/ WARRANT By Ven Sreenivasan KEPPEL Corp has been touted by many analysts as a potential top performer this year. And as if to underscore this, the stock rose 14 cents to $3.88 yesterday. Volume was strong, with some 6.45 million262 words
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Article, Illustration789 2003-01-14 4 r. sivanithy - I'll comment STOCKS r. sivanithy AFTER a miserable December in which liquidity dried up and prices fell to 15-month lows, January is shaping up to deliver at least some New Year cheer and possibly even a Chinese New Year rally. A sudden push on789 words
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Article, Illustration578 2003-01-14 4 larry wee - l?7lcomment CURRENCIES There is some speculation that MAS could be slowing USS's fall versus S$ larry wee THE US dollar suffered another body blow from sharper-than-expected job losses announced last Friday, especially against non-Asian counterparts. December non-farm payroll figures showed a lossSource: Reuters - 578 words
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Article52 2003-01-14 4 UNIT TRUSTS FUNDS IfGCNO: AR pnccs are mdicJAw* eacefX for 0 En Rmggrt Aswtv Broader PuanHiad. I Narrowty Foaaad; Lower Rnfc. Low to Medium Rnk. ft Macfeum to High RMc NMar Itn*. open-ended.« Before tubdmoionot units; After subdnrinon a* ixwtv V afWr stock ipfct N A Non D«»i<ni Day: M52 words
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SINGAPORE companies
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673 2003-01-14 5 wong wei kong - lock siew wong wei kong THE Singapore Exchange (SGX) has to decide what to do with its cash holdings soon or it will have to return the money to shareholders to keep its promise to the market. Back in late 2000,673 words
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249 2003-01-14 5 Michelle Quah - By Michelle Quah TO boost its securities lending programme, the Singapore Exchange (SGX) will allow investors to register as lending participants even if they do not yet have the minimum quantity of a share for lending. Under the previous system, investors had to249 words
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Article, Illustration481 2003-01-14 6 Vince Chong - Hitchins, GKE to offer 20m and 40m shares respectively at 20C apiece Byy Vince Chong THE year's first initial public offers are looking to reap $9.2 million in net proceeds for expansion, among other plans. On the day Hitchins Group481 words
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Article475 2003-01-14 6 Siow Li Sen Michelle Quah - By! Siow Li Sen Michelle Quah and Michelle Qoah OCBC Bank's proposed $300 million preference share issue yielding as much as 5.7 per cent as it capitalises on accumulated tax credits under the new one-tier corporate tax system is expected to be snapped up475 words
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Advertisement141 2003-01-14 5 AUTOMATIC CHRONOGRAPH WITH WORLD TIME INDICATOR "ww.tc", Worldwide Ttane Control Manufactured calibre. Also available with a gold bracelet in harmony with the case. GP GIRARD-PERREGAUX MEUBRE DC L ASSOCIATION INTERPfIOFESSIONNELLE OE LA HAUTRE HORLOGERIE Exclusive Distributor: BMI A division of F J Bei\)amin Singapore Pte Ltd Tel: (65) 6737 3786141 words
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Article, Illustration1080 2003-01-14 6 Transaction (late: Jan 13 DTEEBAMg CROSS RATES A$ C$ Bm6 Euro HKS Hid >» Buplah Yon Wo«i WZS ftk »s Peso SS ta— Sir MT$ Safct PomX USS Australia 0.900 4.841 0.553 4.550 27.966 51.831 0.695 6.874 2.217 1.063 33.963 31.168 1.014 4.961 0.807 ***** 24.959 0.363 0.583 Canada1,080 words
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Article1466 2003-01-14 6 8XC0M FUTUUES Jan 13 MM0CR Futures (dosing prices) tSS1(Scet*sAfl) CtoH VofaHM Ope* MwH High Low Sett (tonnes) Mvist Feb 03 1 1 ***** Mar 03 158.75 Apr 03 MOO May 03 ***** RSS3(UScwtsAfl) Vohme Opaa Month High Law Sett (tonnes) Interest Feb 03 9050 9000 9000 400 2775 Mar1,466 words
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Advertisement140 2003-01-14 7 When beauty and technology meet, a revolution is inevitable. ■I ffffii li^BMl i fo^^aSfeaSaSu tsNHHH I 1 r- j s*f rV -v *V*-^-Voted Best Buy by Japan's HiVi, Dec 2002. Best Plasma TV of the Year 2003 by UK's What TV Video Magazine. What's behind it. The Plasma TV's unique140 words
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EDITORIAL & opinion
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Article, Illustration796 2003-01-14 8 g panicker - Players may change but not the agenda mr.i I bottom line OPINION g panicker The writer is a journalist with BT's Foreign Desk ALL the major conflicts besetting the world now have something to do with oil or energy. Saddam Hussein sits on an oil pool. And Iraq is next796 words
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Article78 2003-01-14 8 'I'd rather have a better quality of life than touch a little more money.' -Jeai-larieOutN a 39-year old French deliveryman. on the country's 35-hour workweek. 'Frankly, I do not think that we have progressed much from the Stone Age. They used clubs and we use nuclear weapons,78 words
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Article615 2003-01-14 8 EDITORIAL THERE seems no stopping the Chinese economic juggernaut Its economy reportedly grew a scorching 8 per cent last year while its super-competitive exports finished the year with a powerful rise of over 20 per cent —this, in a year when the global economy was615 words
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Article, Illustration1344 2003-01-14 8 Joseph Kahn - In its own 'New Deal', Beijing is injecting money into the economy to ride ont a period of growing unemployment, falling prices and low consumer spending in China By, Joseph Kahn NYT [CHONGQING, China] The engineers who run China have decided thatNYT; REUTERS - 1,344 words
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Article353 2003-01-14 8 Narayana Narayana - 17i Mll bag Narayana Narayana I REFER to the article "Lawyers hit by worst shakeout in decades"( BT, Jan 6). Had you substituted the word "dealer" or "remisier" where "lawyer" was written, the stockbroking community may not have noticed the difference. The points of similarity353 words
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223 2003-01-14 8 Hwang Soo Jin - Hwang Soo Jin GIVEN our small population base and consequently a limited pool of talents, there is no denying the fact that we need foreign talent to help man our increasingly more complex economy that depends heavily on the world at large. As a223 words
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SINGAPORE news
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414 2003-01-14 9 Vince Chong - It conld also lannch aßeitinthe country eventually By Vince Chong FRESH from acquiring Citicorp Center in Seoul last month, Ascendas said yesterday it intends to invest up to US$5OO million in the South Korean property market in the next five years. This is414 words
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261 2003-01-14 9 TWO freehold properties have been put up for sale by tender the collective sale of Woodleigh Grove and a 23,738 sq ft site at 78 Dalvey Road. The 41,694 sq ft Woodleigh Grove site the first collective sale site to be261 words
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253 2003-01-14 9 Anna Teo - P=N3 on the economy economic shocks Byi Anna Teo THE economy is seeing more frequent and pronounced swings which creates havoc for forecasters and widens the range of projections. The past two downturns in 1998 and 2001 appear to have marked a return to deeper253 words
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Article, Illustration870 2003-01-14 9 lee han shih - I ll comment PROPERTY and MS nrft ftrpftfttod tn hft hit hftiHy hy the woas of Lai Snn'g HfUpMl-Ly nnlt lee han shih A PRICE to pay for going regional is that when times are bad, you get hit regionally as Capita Land870 words
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Advertisement31 2003-01-14 9 m k. fmW' t Iggtf fef 4 IN w $r\ >1 v -y ft ft It -J ufnf n-ri»m f pjPl 1 U V 1 f g h I'aul. I"- lij'i'31 words
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REGIONAL news
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486 2003-01-14 10 Eddie Toh - Long-awaited rally conld be sustainable in the short term, say analysts Frorn] Eddie Toh in Kuala Lumpur MALAYSIAN equity prices are expected to continue their surge in the short term following the entry of a huge government fund whose objective is to snap486 words
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Article, Illustration205 2003-01-14 10 KUALA LUMPUR AFP A MALAYSIAN opposition leader yesterday sought government assurance that a new investment firm set up to invest RMIO billion (554.6 billion) in the local stock market would not lead to a major financial disaster. Lim Kit Siang, chairman of the oppositionAFP; BLOOMBERG - 205 words
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151 2003-01-14 10 KUALA LUMPUR Bloomberg MALAYSIA International Shipping Corp (MISC), South-east Asia's No 1 shipping company by market value, plans to sell its 36.84 per cent stake in the investment banking unit of Affin Holdings to the KAF Group. The company saidBloomberg - 151 words
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364 2003-01-14 10 IRAQ JOTERS Govt may also cut duties on imported oil to help economy Bloomberg [KARACHI, Pakistan] State Bank of Pakistan is prepared to use its record foreign exchange reserves to cushion the impact of an expected surge in oil prices ifBloomberg - 364 words
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Article292 2003-01-14 10 HONGKONG Reuters A FURTHER deterioration in the Hong Kong property market this year is likely to put small and medium-sized developers under pressure and trigger consolidation in the industry, property consultants Insignia Brooke said yesterday. "Some small and medi-um-sized developers might not survive in 2003," NicholasReuters - 292 words
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140 2003-01-14 10 BANGKOK AFP THE Thai government plans to put zoning restrictions on retail areas across the country to control the spread of for-eign-owned superstores blamed for putting small shopowners out of business, a report said yesterday. The draft of a decree implementing the newAFP - 140 words
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180 2003-01-14 10 Bloomberg [KUALA LUMPUR] Malaysia's Prime Minister Mahathir Mohamad said a war on Iraq may weaken the fight against terror and boost the number of people seeking to join terrorist organisations. "If Iraq is attacked, not only will it be a distraction inBloomberg - 180 words
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127 2003-01-14 10 Bloomberg [BANGKOK] Thailand, South-east Asia's third-big-gest oil consumer, is in talks to buy oil from Indonesia, Malaysia and Brunei in the event that war breaks out in Iraq and disrupts supplies, said a government official. "Our biggest concern is the war willBloomberg - 127 words
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NOTEBook
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Article60 2003-01-14 10 Reuters [MANILA] The number of travellers arriving in the PhUippines grew 7.6 per cent to 1.9 million last year, the Department of Tourism said yesterday, despite the ongoing political violence. The Philippines is plagued by a Muslim rebellion in the south and Communist rebels inReuters - 60 words
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Article, Illustration116 2003-01-14 10 AFP [KUALA LUMPUR] Indonesia's tourism industry, battered by the Oct 12 bombing on Bali island, is on track to recove: by the end of the year. Tourism Minister I Gede Ardika said yesterday. He said tourists were slowly returning to Bali three months alter theAFP; REUTERS - 116 words
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Article56 2003-01-14 10 Bloomberg [KUALA LUMPUR] Malaysian Resources Corp, one of Malaysia's biggest diversified groups, said it's in talks to buy 25 per cent of UDA Holdings Bhd, a property developer. It's in talks with shareholders of closely held Landas Utama Sdn, which owns theBloomberg - 56 words
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Article82 2003-01-14 10 AFP [KUALA LUMPUR] A Chinese-based Malaysian party yesterday rejected an offer from its former Islamic ally to rejoin an opposition alliance to boost prospects amid predictions of early general elections. The Democratic Action Party cited "irreconcilable differences" with the Islamic Party of Malaysia over itsAFP - 82 words
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72 2003-01-14 10 AFP [HONG KONG] A first batch of domestic maids from the Philippines will soon be heading to work in the Chinese city of Shenzhen just across the border from Hong Kong, Ta Rung Pao newspaper reported yesterday. Twenty domestic helpers recruited from the Philippines willAFP - 72 words
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Article54 2003-01-14 10 AFP [MANILA] Philippine President Gloria Arroyo has appointed a former provincial governor as her new agrarian reform secretary in a continuing cabinet reshuffle, her spokesman said yesterday. Roberto Pagdanganan, a senior member of Ms Arroyo's ruling party, is to assume his post on Jan 20, aAFP - 54 words
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82 2003-01-14 10 AFP [MANILA] The Philippines' economy is estimated to have grown by between 4.1 per cent and 4.3 per cent last year, Finance Secretary Jose Isidro Camacho said yesterday. The figure for gross domestic product growth is within the government's official target of between 4.0 andAFP - 82 words
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Article, Illustration540 2003-01-14 11 BEIJING It underscores the lore for GM and other foreign manufacturers Bloomberg CHINESE automakers had record profits last year as rising incomes boosted buyer interest in the world's fastest-growing car market, underscoring the lure for General Motors Corp and other foreign manufacturers. Earnings rose almost twothirdsBloomberg; AP - 540 words
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348 2003-01-14 11 TAIPEI ProMOS accuses German company of plotting against it AP A BATTLE between ProMOS Technologies Inc and Germany's Infineon Technologies AG got uglier yesterday as the Taiwanese company accused the German chip giant of plotting against it and making false allegations of wrongdoing atAP - 348 words
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ASIANotes
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65 2003-01-14 11 AFP [BEIJING] China is to tighten its regulatory framework over listed companies and accounting firms to prevent any corporate scandals similar to those that rocked markets last year, state media said yesterday. The strict new rules to be implemented in the coming one to twoAFP - 65 words
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70 2003-01-14 11 Bloomberg [BEIJING] Overseas freight companies such as FedEx Corp and United Parcel Service Inc can now own controlling stakes in ventures in China, the government said. They may hold as much as 75 per cent of the shares in their ventures with Chinese companies,Bloomberg - 70 words
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82 2003-01-14 11 Bloomberg [TAIPEI] Taiwan's Parliament passed a Budget that estimates a NT5237.4 billion deficit (5511.9 billion) for the island this year as the government bids to keep its borrowings below the legal limit. The government will also pay NT546.5 billion of debt this year, which willBloomberg - 82 words
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63 2003-01-14 11 Reuters [SYDNEY] Australian brewer and wine maker Lion Nathan Ltd has hammered out a Chinese beer licencing deal with its 46 per cent owner Japan's Kirin Brewery Co, the group said yesterday. Under the terms of the deal. Lion Nathan has the rightsReuters - 63 words
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294 2003-01-14 11 TAIPEI It sees pressure on Hank financial strength ratings Reuters MOODY'S Investors Service has joined the list of ratings agencies warning of negative consequences for Taiwan ratings if there are further delays to Financial sector reforms. The Taiwanese government has slowed reform of strugglingReuters - 294 words
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Advertisement73 2003-01-14 10 Jandt J[ Jk, h* m fT""*' jmEr I V* i f. v V a '-vV- I l E-COMMERCE HUMAN CAPITAL MANAGEMENT INTERNATIONAL BUSINESS A MARKETING STRATEGIC MANAGEMENT TECHNOLOGY OPERATIONS MANAGEMENT MBA BRIEFING (Please register via Tel: 6790 6055/6183/4634, Fax: 6791 3561 or email: nbsmba@ntu.edu.sg) 2.30pm, Saturday, 18 January 2003 I73 words
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Advertisement406 2003-01-14 11 I, 1£ (1L L<±Lil£{iLl£ til tr/.Llil(sc **r 9 i|oJ apan^ Look forward to Great Rewards when you fly ANA to Japan from 10 January to 10 March 2003. Enjoy Bonus Miles to redeem various benefits and gifts! It's easy to get within flying reach of your Bonus Miles with ANA's406 words
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Article11 2003-01-14 12 Tra?isartion date: Jan 13 for more, go to iimm^xtsiaorienrnarketsjcom11 words
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Article831 2003-01-14 12 Transaction date: Jan 13 1 Omm Hap 1 p— Q—» CMC 0 44 3 (00 *0-210 (MM 50c 041 2X70 CapiUland 1.14 1.150 *44*4 OCK US MOO *0150 Otart 5cnvGond 2*c 0 75 0*90 *4475 out 0.53 CJD0 *4.100 Gty 0*» SOc 243 4 520 *4544 ftvfaw f H831 words
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Article544 2003-01-14 12 BONDS WARRANTS Latt Vol Com* bur Mk Cmt-'SEhn C —y M« *m- (TW> tmlrn hto tm U» ASTIW*****1 175 1 16 131 0.83 17 AcmaLtdVWMIIIC 15 1 (92 433 22 AmtekW*****0 <2.5 3 S3 1 33 1 1* 29 Armstrong W040S20 15 1 10 109 357 16 Bar6*SA*****1 10k 103544 words
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Advertisement14 2003-01-14 12 A master of cooking. Or one who just knows his carats. Call 1800 *****2214 words
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REGION world
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Article, Illustration656 2003-01-14 13 KOREAN CRISIS They end np 3% as US envoy says Washington is willing to talk to Pyongyang Reuters AP LAT-WP [SGOUL] South Korean shares ended up 3 per cent yesterday, as local institutions snapped up blue chips, encouraged by growing hopes thatReuters; AP; LAT-WP; Source: Bloomberg - 656 words
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468 2003-01-14 13 LAS VEGAS PC sales do not back the 20% rise set for 2003 Bloomberg THE world's chipmakers will sell 20 per cent more in 2003 than they did last year, according to a Semiconductor Industry Association (SIA) forecast made two months ago. At least oneBloomberg - 468 words
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231 2003-01-14 13 TAIPEI Reuters TAIWAN stocks jumped nearly 3 per cent to close at a more than five-month high yesterday, testing the 5,000-point technical barrier, with microchip heavyweights like TSMC leading the way. The main Taiex index was in positive territory throughout the session,Reuters - 231 words
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290 2003-01-14 13 LONDON Reuters BRITAIN'S second-biggest supermarket chain, J Sainsbury Pic, yesterday threatened to trump an agreed takeover offer for rival chain Safeway using cash and shares worth about £3.2 billion (SsB.9 billion). Sainsbury, stung into action after an all-share bid for Safeway from WilliamReuters - 290 words
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Advertisement34 2003-01-14 13 if//& A I p®®H CHEW CHEONG WATCH TEL: 6734 5096/6734 8461 /6787 CORTINA WATCH LEONG POH KEE TEL: 6296 9998 PRECIOUS TIME TEL: 6538 3008/6821 1108 WATCHES OF SWIT2ERLAND TEL: 6737 3708/6734 0928/6732 979334 words
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WORLD news
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Article, Illustration591 2003-01-14 14 PROFILE: STEVE CASE Steve Case had taken much of the credit for the USslo6b merger of America Online and Time Warner Reuters [NEW YORK/LOS ANGELES] STEVE Case, who said on Sunday that he was resigning from media giant AOL Time Warner, is a boyishlyReuters - 591 words
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311 2003-01-14 14 Reuters [NEW YORK] Online daters using Yahoo Inc's personals service will now be able to get to check out whether a possible match has a deep voice or quirky mannerisms before embarking on a first date. Yahoo is trying to ease theReuters - 311 words
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Article, Illustration193 2003-01-14 15 Reuters [STAMFORD, Connecticut] Democratic Senator Joseph Lieberman declared yesterday that he will run for the United States presidency, becoming the first major party Jewish presidential candidate in the nation's history. Mr Lieberman, 60, who already made history in 2000 as the first Jew draftedReuters; AFP - 193 words
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379 2003-01-14 15 VIENNA Analysts estimate production boost may prevent farther price rise Bloomberg THE Organization of Petroleum Exporting Countries' (Opec) agreement on Sunday to boost output quotas by 1.5 million barrels a day may provide little relief from a rally that sent oil pricesBloomberg - 379 words
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WORLDWatch
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151 2003-01-14 15 Reuters [NEW YORKI US chief executives' confidence in the economy picked up in the fourth quarter of last year, but not dramatically, a private business research group said yesterday. The Conference Board said its quarterly measure of business confidence rose to 58 inReuters - 151 words
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153 2003-01-14 15 Reuters [TOKYO] The appointment of the next Bank of Japan (BOJ) governor is not imminent, and it will take some time for a decision to be reached, current governor Masaru Hayami was quoted as saying yesterday. "The personnel decision on the next governor isReuters - 153 words
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98 2003-01-14 15 Bloomberg [NEW YORK] New York State attorney-general Eliot Spitzer will propose stiffer penalties for research and accounting fraud including making it a felony when analysts release false statements, his spokesman Darren Dopp said. Mr Spitzer's office discovered in its year-and-a-half probe of analyst abuses thatBloomberg - 98 words
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Article135 2003-01-14 15 Reuters [LONDON] Lloyds, one of Britain's biggest banks, yesterday said it would shut its offshore investment and fund management arm in the Bahamas after concluding it is too small to compete. Lloyds, which runs Britain's biggest retail bank branch network, said it plans to phaseReuters - 135 words
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77 2003-01-14 15 Bloomberg [BONN] Deutsche Post AG, Europe's largest postal service, has taken over Italian parcel delivery company Casa di Spedizioni Ascoli SpA for an undisclosed price. The Italian company, which has annual sales of about 80 million euros (*****.7 million), will be integrated into Deutsche Post'sBloomberg - 77 words
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76 2003-01-14 15 AFP [DUESSELDORF, Germany] Opel, the troubled German arm of US auto giant General Motors, remained in the red in 2002, but the losses were not quite as deep as expected, the business daily Handelsblatt reported yesterday. Opel's operating loss narrowed to less thanAFP - 76 words
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Article271 2003-01-14 15 NEW YORK Better demand for apartments, hotels and warehouses Bloomberg US commercial real estate is showing signs of improvement, as demand improves for apartments, warehouses and hotels, Moody's Investors Service said in a quarterly survey. The credit rating company gave the property market a score ofBloomberg - 271 words
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355 2003-01-14 15 NEW YORK Bloomberg US banks had their biggest profit growth in three years in the fourth quarter as low interest rates encouraged consumers to increase borrowing for homes and charge more on their credit cards, analysts said. BankBloomberg - 355 words
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Article15 2003-01-14 14 Transaction date: Jan 13 for live prices, log on to iinu \asiaonerna rkets^om15 words
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Advertisement865 2003-01-14 15 I We provide data recovery services to our castoaen la the Asia Pacific reqkxii. With Its laboratory, class 100 cleanrooui facilities and experts that have many*years' experience, we are confldeat that we will; be delivering quality service to our customers ibdsl our evaluation check 1 www.ibas.com.sg *****1311 Notices SING INVESTMENTS865 words
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Advertisement529 2003-01-14 15 Executive Diploma vg™/ in China Business ifr ti A Administration (English-based programme) Intake .n January 2003 Executive Diploma in China Trade (Taught in Mandarin) Next Intake in February 2003 en ho*y 6235 9223 ZS^ZSSSitSSt! or mhs 9477 7977 i#bi*t»npnilaiiiAm Ufmtonq L**mmg and Lontmus! Swcms r771 HARTFORD china's wtry into WTO529 words
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Page 15 Miscellaneous
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Miscellaneous345 2003-01-14 15 CRYPTIC CROSSWORD *roncc 5 Until the latter part of April AvKUwb thefG'N be wortt (4) 1 A writer went on about the g plant a quarter inside to adFrench and got through (10) vantage (7) 9An enchanting creature, in 7 Restraint srown by the head general superintelligent (4) a fter345 words
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KNOWLEDGE economy
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Article, Illustration1650 2003-01-14 16 Patrick Lambe - Just as time helped Scottish chemist James Keir to become a soap millionaire in the 1780s, it too plays a crucial role in ensuring success of knowledge management in organisations. Patrick Lambe explains Patrick Lambe BY around 1778 or 1779, the Scottish chemist and entrepreneur JamesREUTERS - 1,650 words
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Page 16 Advertisements
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Advertisement292 2003-01-14 16 Where to Mine, dine and entertain... by: A Woridof E»dusive Pilvßcgtjt Treats I Spring Time at J 8 31 lanaarg 2003 Lunar Mem Year's Eve jtfHBH 5 Talkan-En Room f 2* Tel: 6433 8790/1 3 if Price: per person (minimum 6 p«non par tabl«) X 25 The River Terrace n292 words
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Advertisement7 2003-01-14 16 Weekdays: Dlmmt only Weekends/Public Holidays: Mnaer only7 words
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Advertisement173 2003-01-14 16 Enjoy live entertainment from The Memories from Mondays to Thursday. Whether It's rock and roll, jive, cha cha. It's good okl fashion fun twice over here. Happy Hours Get one standard drink free for every standard drink ordered, or 35% discount off any hard liquor bottles during Happy Hours from173 words
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Advertisement76 2003-01-14 16 Opening Houn i I 12noon 9pm, S.3op<n 11pm I I 6535 0353/6560 5559 U I Dining By the River I I Under the Stars* H fl i J Charcoal BBQ j I Combination y j J APw 2-4 I 90 Merchant Road. Riverside Point 001-04 *****2 (opposite OarfceQuaylH H SUCKLING76 words
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Advertisement86 2003-01-14 16 Patrick Lambe is principal consultant for Straits Knowledge (www.straitsknowledge.com), a Singapore-basedfirm focused on knowledge management, e-learning and innovation. His previous articles can be found at www.greenchameleon.comcritical AT THE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 6224 3203 CMfcarOuar Managed by Mandarin Singapore k'* 7th Floor, Overseas86 words
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SHIPPING TIMES
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Article269 2003-01-14 17 Knight-Ridder Reuters THE Baltic Dry Index rose 3 points to 1761, the Baltic Capesize Index fell 13 points to 2418, the Baltic Panamax Index rose 21 points to 1791 and the Baltic Handymax Index rose 15 points to 9671. TIME-CHARTER: Eric LD (built 1994) *****3 dwt 14.5 onKnight-Ridder; Reuters - 269 words
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Article267 2003-01-14 17 MX '000 J*n *h v* cm Distribution 0.70 unci) 0 Chuan Hup 0.45 0.01 976 Cosco Investment _0.20 unch 60 Freight Links 0.03 unch 70 08 Holdings 0.62 0.02 4 Jaya Holdings 0.25 0.01 841 Keppel Corp 3.88 0.14 6450 Keppel Marine 0.16 unch 200 Keppel T#t» 0.82267 words
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Article, Illustration521 2003-01-14 17 Donald Urquhart - Trade within Asia will grow by 7.6% a year over next decade: UN stndy By 1 Donald Urquhart [SlNGAPOßE] Intra-Asian containerised trade will grow more rapidly than the global average, which is expected to slow slightly from the current 6.5 per cent annualFILE PHOTO - 521 words
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Article, Illustration175 2003-01-14 17 Bloomberg [HONG KONG] COSCO-HIT Terminals (Hong Kong) Ltd, a venture between Cosco Pacific Ltd and Hutchison Whampoa Ltd. handled 3.4 per cent more containers in December, the smallest increase since April last year. COSCO-HIT, also called Terminal 8 (East), handled 108,900 20-foot equivalent units,Bloomberg; FILE PHOTO - 175 words
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Article150 2003-01-14 17 Xinhua [HANGZHOU) Ningbo Port, in east China's Zhejiang province, reported a big increase in the number of foreign ships in 2002. registering more than 8,800 for the year. The figure was a 14 per cent rise over the previous year, according to statistics available from theXinhua - 150 words
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171 2003-01-14 17 Xinhua [XIAMEN] Exports and imports via south-eastern China's Xiamen port reached a record US$2l billion in 2002, up 32.4 per cent from 2001, according to the port authorities. Statistics show that exports via the port exceeded US$lO billion for the first timeXinhua - 171 words
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Article, Illustration364 2003-01-14 17 Beth Jinks - Hiring another foreign firm won't help it to clean np its registry By Beth Jinks [SINGAPORE] The International Transport Workers' Federation (ITF) has slammed the Cambodian government's decision to appoint another foreign company to run its ship registry, just five months after taking364 words
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REMARKING chongping
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Article, Illustration1016 2003-01-14 18 Chongqing will be transformed into a transport hub and become the springboard to develop China's west NYT [CHONGQING, China) THE engineers who run China have designated this congested southwestern city, cupped by the Zhongliang Mountains and divided by flood-prone rivers, as their country's new Chicago. Construction crewsNYT; AFP - 1,016 words
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SHIPS IN PORT
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Article560 2003-01-14 25 Vessel VoyMo Berth Arrival Departure JURONG PORT BT MAS IT A JAN 13 J1 A/SIDE 14/01 0300 E LINK 4 1410 J4 A/SIDE 14/*****0 FU YUAN 41 J23 A/SIDE 14/*****0 SHAN FURYU 02/03 J3 A/SIDE 14/01 2000 TERANG 18 E3009 J3 A/SIDE 14/01 0030 ZIM HONGKONG 39W J18/19560 words
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Article407 2003-01-14 25 C*»N tOW «6J> 0 4 BJ 007 32 0.03 DM. Mr H"— i r Me.«£23 0 0 1 0 0 0 MOM* 903J 02 I2J 005 25 0« IS 300 Ha WU 04 MJ 0.09 Tt OM mjvi %<u* %am %Mi ih*e*C3i 0 0 0 0407 words
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Article138 2003-01-14 25 Jan 31 Hong Kong: Lunar New Year's Day. Korea: Lunar New Year's Day. Feb 1 China: Lunar New Year's Day. Hong Kong: Lunar New Year's Day. Korea: Lunar New Year's Day. Malaysia: Lunar New Year's Day. Singapore: Lunar New Year's Day. Feb 3 China: Lunar New Year's Day.138 words
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Article700 2003-01-14 25 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price range* in US dollars instead of single prices for more comprehensive description of the market. Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and the700 words
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AIR & LAND transport
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Article, Illustration496 2003-01-14 26 United to stop NZ flights in March; Air NZ may win more customers Bloomberg [AUCKLAND] Air New Zealand Ltd shares rose 6 per cent on expectations that the government-controlled airline will win customers and bolster revenue after United Airlines saidBloomberg; REUTERS - 496 words
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279 2003-01-14 26 Downgrade reflects Iraq war risks, higher oil prices and Air NZ tie-up Reuters [SYDNEY] ABN Amro said yesterday it has cut its recommendation on Australia's biggest airline Qantas Airways to reflect risks of war against Iraq, higher oil prices and a tie-up with regionalReuters - 279 words
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Article, Illustration536 2003-01-14 26 Their arrival threatens already unprofitable national firms AFP [PRAGUE] Already struggling with the transition to a market economy, the airline companies of the formerly communist part of Europe are now chaUenged by low-cost air travel firms setting up in the region. The BritishAFP; FILE PHOTO - 536 words
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144 2003-01-14 26 AFP [BEIJING] Air China will put on an extra 2.287 international and domestic flights to cope with an expected surge in demand from holidaymakers over the upcoming Lunar New Year festival. The Xinhua news agency said that they would include anAFP - 144 words
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292 2003-01-14 26 Search for cockpit voice recorder in Taiwan Strait continues AFP [TAIPEI] Salavage experts have retrieved the flight data recorder (FDR) from the ill fated cargo plane which crashed in the Taiwan Strait last month, an official said. The FDR was recovered by aAFP - 292 words
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218 2003-01-14 26 Beth Jinks - -By] Beth Jinks [SINGAPORE] Singapore is experiencing a Chinese tourist boom, attracting another China airline to Changi Airport after air passenger figures from the mainland jumped 36 per cent year on year. Xiamen Airlines launched its new three weekly services between Singapore and Fuzhou218 words
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Article83 2003-01-14 26 AFP [PARIS] An Air France Concorde returned to Paris' Charles de Gaulle airport shortly after take off on Sunday when the aircraft's nose flailed to move into position for supersonic travel, the company said. The 38 passengers and the crew were transferred to another of Air France'sAFP - 83 words
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Article418 2003-01-14 26 AIRLINE coots M Amman Artnes (ML). Af At France (AFR) At At India (A/C) AY FnnarOy(FM) AZ AUttU Arms (AZAI BA Bnesti Arways Pubtc Ltd Co (BAW) BG Bman Bangladesh Artnes (BBC) Bl Roy* Brunei Artnes Sdn Bhd (RBA) BO Bour*) Artnes (SOUi BR EVA Arways418 words
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Page 17 Advertisements
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Advertisement455 2003-01-14 17 Remaking i Chongqing AWARDS ■■Mppp-'^n DHL Worldwide Express was rated as the ISHibset multinational company in Asia for overall leadership in SfWH "ftovtew 200", an amud and region-wide company H»w.Z7n«as- express sur/ey commissioned The Far Eastern EOW; s Review. DHL's ranking rose M from 30th in the year 2000, to455 words
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Page 18 Advertisements
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Advertisement449 2003-01-14 18 NORTH AMERICA GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) [OULF KARACHI EXPRESS (OKX) w m 35 I KG msa VOT sw ooauuramu t/wsi 31/12 iiToi oHf pmmuotopusa* ax «/«i o»/oi 11/01 10/01 OOaCWIA 59W01 12/01 30/01 01/01 HAIIMAMAM IK U/01 17/01 19/01 ttfOl OOQ JAPAN 64W0J 10/01 04/02 PtO NDUOTD DUOAI449 words
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Advertisement613 2003-01-14 18 Lines services represented by hUn of the Registry of #M-"b«o» he €Gg9l Accredited 9m Agrt,. Singapore Shipping Association Association ULY UNE MALE /msa vor i» ru iu A t. kiawg sfoti mm Princess Ufy 0103 13/01 15/01 23/01 Empress Uty 0103 29/01 30/01 08/02 Princess Lily 0203 16/02 17/02 25/02613 words
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Page 19 Advertisements
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Advertisement961 2003-01-14 19 TO USA (SAX SERVICE) VESSEL VOY SIN ETA UX OAK DAL HOII ON COl MEM All NYC APISCOTIANO 114E 11/01 30/01 03/03 04/02 04/02 04/02 04/07 04/03 07/01 07/02 API BELGIUM 112E 22/01 06/02 10/02 11/02 11/02 11/02 11/02 11/02 14/02 14/02 Art SWEDEN 0041 29/01 13/02 17/02 11/02 11/02961 words
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Advertisement1552 2003-01-14 19 DIRECT CALL TO |§i COLOMBO 4 DAYS "*****0N*****90 SUIS/MCS HL MIOSIS7/4) Ml: *****321/24 I COSTAR SHIPPING PTE LTD omwii/u musw msm/rs I amuwmSm mmmm o, jmu.v* I BANDAR ABBAS -12 DAYS '.'iWNr M7VM7} 67MJ316'46 I jawsoma: (ONvumowu mmsmi/iso vman/n I COHH HBBKJR W MBOB IH-07 ***** M HUL97-*****79 VSL/VOT |SGf1,552 words
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Page 20 Advertisements
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Advertisement756 2003-01-14 20 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. W—fHK wwwi—2l4— o wo. immowtH \wm. vonr mi son \m m m mm fiTI Ivcsa vot son un wo m mm *BT* nn rmr- !mw «/oi 24/01 a/oi jo/oi mupmmu oose 11/11 u/11 09/11 u/11 11/11 ■ttpammv mm 01/01 24/01 25/11 20/01 22/01 api756 words
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Advertisement1277 2003-01-14 20 WAN HAI MTEKNATIONAL PH LTD am c i44*stMMl/tl \S\WAN HAI LINES O«.M DUIWHaW^DCJMf««-»«IfIUMHUL IW7HIW I ns;V)BMßiM;VoiMna«:ini)»Mnni;«n)jmn4/»fi»s L- KT Rl| SB4IMNUI KH S7W*HMU. 7liM/71Uil ML 7IU* —W.WW.W*»| ■:»I)«Iiy>M:PH)4HIB/4M?IW »suo*s*» kwths no na m wo in KwWTn BW lilW "W IfW -um~ -Kir -jtmt -*m ■nmtb mi wiiw Mi n« H« vm1,277 words
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Advertisement583 2003-01-14 20 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICO POINTS WW Ml PJOANC tOUMMO N.SNHA COLOmO lISWCTB SOim I3IM IS Mi HIM 77 MM ft JM rowawKt $uw 7iiu 77m hju nut lira Mttfam TWWIS 71Mil 71 Ml 81l 15fa Wfß ■OMHtCMI Oft 13 Fa BB W583 words
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Page 21 Advertisements
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Advertisement1091 2003-01-14 21 |V*SStL VOY KHH HKO I «N I Htt I DXS SAS PAAAA MC M.V. UNDAVU Pa 293 10/01 11/01 14/01 15/01 22/01 23/01 01/02 03/02 MAN KERMAN PCI 294 14/01 15/01 IS/01 19/01 26/01 27/01 07/02 09/Q2 MAN ISFAHAN PCL -295 21/01 22/01 25/01 26/01 02/02 03/02 11/02 13/02 IRAN1,091 words
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Advertisement473 2003-01-14 21 RjSI UK CONTINENT SERVKE Loadngtor KOVOOR RDM/ATW/BMN/UK/NAN SETIf II RDM/ATW/BMWUK/NAN Loads Singapore, EfH Mataym. Indonom MIDDLE-EAST SERVICE Loading for STAR 2000 JDH/AQA EXPLORER S DBI/ABU/DOH/BRN/DMM/KWT WHITE GUARDIAN DBI/ABU/DOH/BRN/DMM/KWT PACIFIC SUN II DBI/ABU/DOH/BRN/DMM/KWT PIONEER SAILOR JOH/AQA/DMT "Loads Sing*xs«. E/W Matoysa. Indonesia USA SERVICE Loading for PONTOPORUS VCW/LAX/MZL BLUE PRINCESS CAM/NFK/SAV/NOL GANT473 words
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Advertisement772 2003-01-14 21 -SBSB SBH 81 SI JSSSB WL m «t mm n/u iizi!_ m<wi zrn i*/»i i«/bi *<ia»a mm u/>i i7/»i jMjtm qua li/ii ii/ol mum* MMM U/ll lf/11 _EA£JAU ZZ2S «/>< W/»i fX MO* ms» B/t] 21/11 WfWM fits It/II W/ll mum mm ilu n/n ■■^■nrnvßßTirvn^^^B pxmm mm 21/01 ii/oi W(772 words
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Page 22 Advertisements
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Advertisement124 2003-01-14 22 L!NE V«l Vmy Um hw|«BlpJtwia fm* Kur Ih* M«nl KIUM l»4— Shanghai Senator 947E" 14/01 22/01 01/02 02/02 04/02 Shanghai Senator 947E** 14/01 23/01 29/01 30/01 Shanghai Senator 947E" ~U7OT 02/02" OMIT T2702~ 14/02 Palermo Senator 949E 23/01 02/02 OMIT 12/02 14/02 16/02 Palermo Senator 949E 23/01 06/02 12/02 13/02124 words
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Advertisement181 2003-01-14 22 CWT GLOBELINK PTE LTD J ow* Officii* TEL:*****833 (36 LIMES) FAX.*****742 SYDNtY HilßOUtNt HNAMGKMT KfIANG fASIK GUDANG KUCHING BANGKOK KARACHI BOMBAY R M. Nfw D ILHI COIOMBO HO CHI MINH CITY HAIPHONG HANOI BUfMtN HAMBUtG TIANJIN QINGDAO U SHANGHAI XIAMIN fUZHOU DALIAN XIAN BCIJING SHI JIA ZHUANG I WEEKLY DIRECT181 words
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Advertisement268 2003-01-14 22 BSA jl M W l W9 l SrVf ia l 9l^^^V MYANMA BB FIVE STAR UNE (Nthmt Notioofll Um) LmAo| far YafH vnsa vot sm m pw pgu OM SHWt HAW SiW SU) PAGAN V3OOW SU M BAIATSIA: OOUSTIAD SHIPPING AGCNCKS KUL 03-*****)00 Ptt 03-317*4101 PtN: 04-*****02 BANK UNE W268 words
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Page 25 Miscellaneous
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Miscellaneous126 2003-01-14 25 LEGEND: Issued by Meteorological Services Division, NEA K Thunderstorm p a j n Temperature C y Wind direction and speed in knots Weather Cloudy Day C^iJi azy Sea Conditions Wind speed symbols r 1 2m O Full circle w/o line indicates calm or light and variable winds L.—.-J -One half126 words
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