The Business Times, 23 January 2003

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Total Pages: 32
1 32 The Business Times
  • 16 1 THE BUSINESS TIMES Internet http://business-times.asia 1 com sg S.INGAPORE THURSDAY, JANUARY 23. 2003 JWTA(P) 010/03/2002 85*
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  • 849 1  -  t-ii exclusive (tang for growth in a declining market was part of the group's problem Reports by Beth Jinks [SINGAPORE] Growing capacity in a declining market, unwillingness to lower rates and overspending in general and administrative areas cost Neptune Orient Lines customers and
    CHRIS LOH  -  849 words
  • 464 1  -  MM^xclusivc? Poa Eheng Sin also resigns from Global Active, causing delay in its IPO By\ Serena Ng [SINGAPORE] Mainboard aspirant Global Active Ltd's former chief financial officer, who resigned shortly after the company lodged its preliminary listing prospectus with the Monetary Authority
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  • 258 1 [SINGAPORE] Neptune Orient Lines' global hunt for a chief executive to replace Flemming Jacobs centres on "turning the group around" at the bottom line and includes foreign talent. Chief financial officer and board member Lim How Teck told BT NOL's
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  • 73 1 □sn MCMS (+3.81) ST INDEX FUTURES 1,372.00 (+1.00) M SiMSCI FUTURES Bl its. to (+0.10) Wednesday Change KLSECOMP ***** -146 NIKKEI 225 8,61 L04 97.54 HANG SENG 9j*029 -S.18 SET INDEX 373.17 174 JAKARTA COMP ..406.70 *054 MANILA COMP 1.052.44 7.63 TAIPEI WPI 4.***** +47.40 SEOll COMP ***** -1037
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  • 73 1 RMKX RATES Uf$ l>iS(S$p«IS$| 1.732 1(1 SS SS pw£)_ 14 Hi 1799 DROP'S* SSI} 1.V7S tJttl YEN IIU #«ll KM :tHU0 tIM HKS 7T» 4 Uli BAIfT C74 ««7 WPIAH W il» RKNMINHI *2» 4791 INDIAN RITEE 47 91 f7 <M mim watts SlNUAftiKK* KI'AUU'MPIH C4U Hr»VJ BONO a
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  • 628 1  -  A boost for sector, bat COE prices may rise: analysts By Christopher Tan [SINGAPORE] The Monetary Authority of Singapore has lifted long-standing restrictions on car financing, a relaxation that's expected to give a boost to the motor industry and affect COE prices.
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  • 128 1 PRIME Minister Goh Chok Tong took a break and headed for the fairways at the Laguna National Golf Country Club yesterday. A guest at the Caltex Singapore Masters 2003 tournament, Mr Goh is seen here with three-time Majors winner and world number 2 golfer Ernie Els
    STEVEN LEE/SI  -  128 words
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  • NEXT page
    • 570 2  -  Project involves creating more design houses but some analysts think itmaybeabitlate Froml Macabe Keliher in Taipei THE Taiwan government has announced a three-year NT$lO billion (Sssoo million) technology development plan which it hopes will boost the island's competitiveness by creating a
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    • 473 2  -  Possibilities include redaction of listing time to 3-4 months From Eddie Toll in Kuala Lumpur MALAYSIA'S Securities Commission may take steps to make listing on the stock exchange more attractive amid the current market euphoria. Commission chairman Ali Kadir said one possibility is
      473 words
    • 658 2  -  Tliis is necessary f«r region's integration, says Sakakibara From. Anthoney Rowley in Tokyo JAPAN is "too nationalistic and xenophobic" towards foreign investors, including those from Asia, to allow regional economic integration and globalisation to work successfully, said former senior financial official Eisuke
      FILE PHOTO  -  658 words
    • ON THE grapevine
    • 64 2 IN our Jan 21 article "IBM slashes iSeries prices by 80%", we reported that IBM had cut the prices of its mid-range computer servers, the eServer iSeries, by 80 per cent. This is inaccurate. IBM has pointed out that the servers deliver price/performance improvements of up to 80 per
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    • 81 3 Welcome back! With the the HUM Grand Tower, Mandarin Singapore heralds t|B a new era as Meritus Mandarin Singapore. I *-*M v '^^Bol&k:J 4 M The exclusive Meritus Club offers you a seamless 'fc 1 class the to the ground. more than Hotels you to an warmth landmark ~~-V~~MHMHHHH|HBHBHHMHBB|MBBM|MHHM||MHH gjjtf-,
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  • SINGAPORE companies
    • 675 4  -  Plans to restore profitability offset group's warning on big losses for 2002 By Wong Wei Kong THE worst could be over for Neptune Orient Lines at least for now judging by the market's reaction yesterday to NOL's warning of worse-than-expected losses and of
      675 words
    • 271 4  -  By Michelle Quah SHARES of construction and property company Chew Eu Hock Holdings (CEH) finally saw the light of day again yesterday after a one-year suspension. But the group, which had to undergo a reverse takeover and several levels of corporate
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    • COMPANYBriefs
    • 741 5  -  60% weighting given to content and 40% to context nnder new scoring By' Wong Wei Kong THE Business Times' Corporate Transparency Index (CTI) has been revamped to take into account changes in disclosure and accounting requirements as well as market feedback. Companies
      741 words
    • 202 5  -  Byl Andrea Tan PROVISIONS Suppliers Corp (PSC), which last year saw the entry of Hong Kong's Hanny Group as a substantial shareholder, yesterday announced a slew of management changes including the retirement of its executive chairman, Tan Ling San. Succeeding Mr Tan, who
      202 words
    • 706 5  -  Brail locksiew r sivanithy IN a recent consultation paper, the Singapore Exchange proposed that broking houses formally separate their research functions from in-house corporate finance or investment banking outfits. This attempt to ensure greater research objectivity is laudable. But it doesn't tackle a fundamental
      706 words
    • 407 7  -  First-year rate fixed at 1.5%; second-year, 2.4% By I Siow Li Sen OCBC Bank has broken the brief lull in the hotly contested public housing mortgage market with a new package that puts it ahead of its rivals. The bank's revised HDB
      407 words
    • 360 7  -  Byt Siow Li Sen DBS Bank's first retail hedge fund, launched yesterday, is aimed at the man in the street, with a minimum investment of only $5,000. And other banks are expected to follow suit as they too capitalise on relaxed rules for
      360 words
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    • 476 4 m Sss\ Singapore Society of Financial Analysts ,ranf» SSFA is a Member Society of the Association for Investment Management A Research (AIMR) financial analysts CFA is a ftyilfftd trademark of AIMR. C ML^ Wealth Management for High Net Worth Clients on Tuesday; 4 March 2003, 9.00 am -12.30pm Raffles City
      476 words
    • 100 4 Plot Ratio 2.1 giving a Potential Gross Floor E3L II Area of 169,770 sf (approx) H2522 1 *f«»«*2SP%V 1/ ■An attractive Niche 130 to 140 units > #?F vonoonnnmni uovowpfDoni ■"I rn Highly Marketable 'Priced to SeT Project I catering to Mass Market Buyers I Located at Bunga Rampai Place
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    • 772 4 The announcement appears as a matter of record only January 2003 CHEW EU HOCK HOLDINGS LTD (Incorporated in the Republic of Singapore) (1) Issue of 718,667,100 new ordinary shares of $0,005 each in the capital of the Company to the Creditors pursuant to the Scheme; I (2) Issue of 187,123,557
      772 words
    • 305 4 IN THE MATTE* Of THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ICOM TECHNOLOGY INTERNATIONAL PTE LTD (Incorporated in ihe Repubfcc of Smgoporel (In liquidnHnw) Maaiberi' Vohixor-) WafcgUp At am CKtro-OrdnHKy General Meeting of Members of ICOM TECHNOLOGY INTERNATIONAL PTE LTD convened and held at tfl Ton Poyoh
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  • SINGAPORE markets
    • Article, Illustration
      314 6 OTHER SINGAPORE INDICES Jan 22 VALUE CLOSE ■TOMS 143.00 -63.00 KTCJUM -*****.00 -35.00 -*****.00 +15.00 361.35 >0.15 S6r«riBnll*ct 118.50 -0.41 KMUwFki 1203.33 +1.91 SCEjdBwPrf 324.57 -0.75 MSOthppiri 168.63 +0.42 gggrNtiii 168.90 +0.10 L4M1C 41,237,000 Chew EiJ Mode 0.5c 22,168,000 GKEW5C 16,154.000 NOt 14,640,000 Chart SemCond 26c 14.204.000 NewWave 5c 11.823.000
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    • 254 6  -  HOT STOCK/ WARRANT By' Ven Sreenivasan NEPTUNE Orient Lines (NOL) has been in the headlines for all the wrong reasons. First, it was the sudden departure of Flemming Jacobs as chief executive. Then came a profit
      254 words
    • 765 6  -  nTlcomment STOCKS r. sivanithy WHEN the two most active-ly-traded stocks cost less than two cents each and 18 of the 20 most active counters cost less than $1, it can't have been a particularly memorable session in the local market. And it wasn't. To call a
      765 words
    • 629 6  -  I i comment CURRENCIES Euro emerges as leading gainer despite slipping back below the key US$l.O7 level larry wee FRESH US threats against Iraq forced both Wall Street and the US dollar to their knees again yesterday, completely brushing aside strong US housing
      Source: Reuters  -  629 words
  • 50 6 UNIT TRUSTS FUNDS LEGEN& Al pricn ar* mdKSbva aaoapt far Ex Nngoit Aaaats Broader Drvanrfiad I Narrowly Focuwd Lower lew «e IMum Itak. 4 Madiuni to High RMc Htahar Nak; oparvanda* Mora fubiftvWon of ints, f/• Aftar fubdMson of ints V aflar wot* ipfct HA- Won Daahiy Pay Boor Fhca^jonS
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    • 7 7 I THE MONETARY AUTHORITY OF SINGAPORE I
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  • EDITORIAL & opinion
    • 761 8  -  ■wTTrI bottom line OPINION g panicker FINALLY, New Delhi is reconnecting to the Indian diaspora But bonding with a people who feel "at once close and far", as Nobel laureate VS Naipaul put it will be a daunting task. Down the road, New Delhi
      761 words
    • 91 8 'We should not take the risk to fuel terrorism.' Dominiqne de YiUepin the French foreign minister, on the danger of a US-led war against Iraq. They are rattled, they are weakening, we are getting a massive amount of intelligence out of there now as to what is
      91 words
    • 637 8 EDITORIAL THE straight talking by Singapore Airlines chairman Koh Boon Hwee on prevailing practices in the area of senior executive pay in Singapore deserves a call to action It's time companies overhauled their sometimes lopsided, and often opaque, policies on executive pay. Delivering a keynote
      637 words
    • 1205 8  -  Amid the talk of 'power grabs' and presidiums, are we watching a replay of the 1998 scenario in Indonesia? By Yang Razall Kassim THERE is something odd about the current goings-on in Indonesia. It could be a sign that a new and potentially explosive phase in
      AFP  -  1,205 words
    • 138 8  -  ITCTWpag Victor Ng Siak Keong I REFER to the story "Hyflux up against US-based rival" (BT, Jan 20). Really, extracting water from air is not new. Most people may not know it, but there are water-making machines in our
      138 words
    • 284 8  -  Leong Sze Hian I REFER to the articles "Don't base decision to buy flat on low interest rates, Mah cautions" (BT. Jan 14), "Making sense of the HDB home loan mayhem" (BT. Jan 11) and "Don't be duped by talk
      284 words
    • 85 8  -  Ong Chong Beng I REFER to "Conveyancing fees dialogue next week" (BT, Jan 21). What will the government's view be if the Law Society's recommended fees proposed at its coming dialogue session have the effect of leaving conveyancing charges unchanged? If a professional
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    • 98 8 Fax your letters to 6319-*****r email them to bthtterQsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore3lB994. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind Hbei laws. We reserve the right
      98 words

  • SINGAPORE news
    • 435 9  -  $870 m commitment seen creating only half the jobs seen from 2001 pledges Byl Angela Tan INVESTMENT spending by media and information technology companies in Singapore fell 3.3 per cent last year to $870 million due to the global slowdown. This, in turn,
      435 words
    • 270 9  -  By Kalpana Rashiwala THANKS to a 20 per cent slide in rents in the past year, office occupation costs in Singapore were the 39th most expensive in the world at the end of last year, compared with a 31st position a
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    • 354 9  -  3on the economy outlook Audrey Tan FOUR in every five British firms here intend to expand their operations over the next three years, but many also expect Singapore to decline in relevance as a regional hub. A survey by the British Chamber
      354 words
    • 354 9  -  YESTERDAY DT PARLIAMENT There's no guarantee of total safety, he says By 1 David Boey SINGAPOREANS should remain vigilant and recognise that while the threat from terrorism is real, the government's White Paper on terrorism has no special solution for the "complete and permanent
      354 words
    • 309 9  -  Byi Christopher Tan COE prices have fallen convincingly across the board in the latest tender, bringing rates just before the Chinese New Year week back to what they were before the festive crush. Category A (cars up to 1,600 cc) premium ended at $26,499,
      309 words
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  • Page 10 Advertisements
    • 1483 10 Stronger safeguards advertWnQ Tnfllllin A BT advertising feature A boost for YOUR property is one of your most price for compromising on their security guards, among others. Accreditation will have to be renewed each year, to valuable assets. In today's context where by choosing a security agency with the Accredited
      1,483 words

  • EXECUTIVE suite
    • 675 11  -  The construction of the Circle Line could prompt developers to ask for a 'discount' for the Serangoon site, reports Vlnce Chong Vince Chong THE upcoming construction of Stage 3 of the MRT Circle Line could result in one of the most attractive
      675 words
    • 199 11 THE freehold Oasis Garden is being marketed as the second collective sale site this year. The development, in Bunga Rampai Place, has a price tag of $48-$52 million. This works out to $296-$321 psf of potential gross floor area including a development charge
      199 words
    • 340 11  -  By. Andrea Tan NOW that the public feedback process for two development plans is over, what can Singaporeans look forward to? "Families will soon enjoy rustic fun at the wilderness park on Coney Island, off Punggol," said Minister of State for National Development Vivian
      340 words
    • 616 11 DCWBLOPER/OWNER DISTRICT LOCATION SIZE 7013.UMTS NO. OF PRIOC ?IENURE IJMIIM.T.FJT1 LAUNCHED UNflSSOU) (Sp*) The Ante ROC Prop 2 Yan Kit Rd 867-1,464 63 *90 900 FH Blue Horizon FEO 6 Wbst Coast Creeoent 904-1,227 616 40S 580 9*yr Robertson 100 MCLLand 9 Martin Rd 678-1,561 186
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    • 30 11 I wet matteTmagnate I I Founder of I I Heeton Holdings I I and his I I youngest son I I I I IA d I m io jPTiwrn i
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  • REGIONAL news
    • 339 13 Reuters [KUALA LUMPUR] Malaysia's property market, hit by a supply overhang of retail and office space, may be flat in 2003 in value terms, though home prices are expected to stay firm, a finance ministry official said yesterday. Malaysians bought around RM4I billion
      Reuters; AFP  -  339 words
    • 270 13  -  Region to account for 40% of energy demand in 20 years By' Tang Weng Fai [SINGAPORE] Oil giant Royal Dutch/Shell reaffirmed its commitment to Singapore and the region yesterday, as a top executive told reporters that the Asia-Pacific will account for as much as
      270 words
    • 568 13  -  Macro-economic stability praised, bat Jakarta urged to step op reforms From, Shoeb Kagda in Bali THE 30-member Consultative Group on Indonesia (CGI) yesterday pledged fresh loans amounting to US$2.7 billion to help Jakarta plug its 2003 Budget deficit, rewarding the crisis-hit country for
      568 words
    • 138 13 AP (JAKARTA] President Megawati Sukarnoputri said she would run for re-election in 2004, expecting tens of millions of Indonesians to support her despite rising criticism of her 19-month tenure in office. Her comments late on Tuesday to members of her political party
      AP  -  138 words
    • NOTEBook
      • 42 13 Bloomberg [JAKARTA] The Indonesian bilk rescue ugamy plans to take the country'* recalcitrant debtors to court after they failed to settle a combined 2J trillion rupiah (Ss429million) in debt owed to the government, the agency said. —Bloomberg
        Bloomberg  -  42 words
      • 84 13 AFP [BEIJING] Nine people including a Hong Kong businessman are facing prosecution for allegedly evading taxes close to 300 million yuan (Ss42 million) in what is considered the biggest tax evasion case in China, state media said yesterday. Guangdong police said Hong Kong resident Shi
        AFP  -  84 words
      • 54 13 Bloomberg [KUALA LUMPUR] Malaysia's foreign reserves foil 0.6 per cent in the first two weeks of January as companies repaid foreign loans and investors pulled funds out of the stock market. Reaerves foil about US$2OO million to U5534.4 billion in the two wseks to Jan
        Bloomberg  -  54 words
      • 39 13 Bloomberg [BEIJING] Bank of China's pre-tax profit roee 2.4 per cent to 112 billion yuan (Ss2£ billion) last year as provisions for bad loans oflbet a rise in income from consumer lending.—Bloomberg
        Bloomberg  -  39 words
    • 455 15 TOKYO Hnge bad loans, reform delays, low quality assets, among woes: Fitch AFP BANKS are recovering from the 1997-1998 Asian financial crisis but still face hurdles, with massive bad loans in China, reform delays in Taiwan and low quality assets hurting Philippine lenders,
      AFP  -  455 words
    • ASIANotes
      • 39 15 Bloomberg [HONG KONG] Billionaire Li Ka-shing's Tom.com Ltd is in talks to form a music venture in China with GMM Grammy Pel, Thailand's biggest music-recording company, according to Grammy chairman Paiboon Damrongchaitham. Bloomberg
        Bloomberg  -  39 words
      • 56 15 AFP [BEIJING] Domestic air fares in China are set to drop by up to 20 per cent from next month, the China Dally reported yesterday, citing aviation officials. It said a policy change would allow discounts offered to be increased to 40 per
        AFP  -  56 words
      • 32 15 AP [BEIJING] About two-thirds or 1,100 of the 1,600 tickets for trial flights by Taiwanese airlines to China have been sold, the state-run China Daily newspaper reported yesterday. —AP
        AP  -  32 words
      • 51 15 Bloomberg [TAIPEI] Taiwan's unemployment rate rose to a record last year as manufacturers shifted production to factories in mainland China. The jobless rate rose to 5.2 per cent from 4.6 per cent the previous year, according to the Directorate-General of Budget, Accounting and Statistics.
        Bloomberg  -  51 words
      • 36 15 AFP [BEIJING] Beijing's municipal government will this year abolish a rule requiring overseas visitors to stay in hotels officially designated for foreign tourists, state media Xinhua reported on Tuesday. —AFP
        AFP  -  36 words
      • 37 15 Bloomberg [TAIPEI] Fubon Financial Holding Co, Citigroup Inc's main partner in Taiwan, will install up to 300 automated teller machines at McDonald's restaurants by end-August to expand its retail banking network. —Bloomberg
        Bloomberg  -  37 words
    • 389 15 MANILA Bloomberg THE Philippine Budget deficit swelled to a record for a fifth straight year in 2002 as tax revenue fell short of government targets, Finance Secretary Jose Isidro Camacho said. The deficit last year was 213 billion pesos (556.9 billion), compared with
      Bloomberg  -  389 words
    • 451 16 BEIJING Officials are giving reforms and bad loan cuts top priority: analysts Reuters CHINA, which injected more than US$3O billion into its debt-laden state banks in 1998, is unlikely to take a similar step soon as officials give reforms and bad loan cuts
      Reuters  -  451 words
    • 171 16 TAIPEI Bloomberg Reuters YUANTA Core Pacific Securities Co, Fubon Securities Co and rival Taiwan brokerages may be able to open representative offices in China, getting access to investors in the world's most populous nation. Taiwan's Ministry of Finance amended rules to let brokers open mainland
      Bloomberg; Reuters  -  171 words
    • 259 16 AP [TAIWAN] Taiwan's former ruling Nationalist Party said yesterday it will place about US$l billion worth of businesses in a Swiss trust fund in an effort to clean its image after losing the last elections amid accusations of corruption. "This party will no
      AP  -  259 words
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  • Page 14 Advertisements
    • 3606 14 TERMS AND CONDITIONS FOR OPERATION OF SECURITIES ACCOUNT WITH THE CENTRAL DEPOSITORY (PTE) LIMITED mii vimt .r* »> >■* i *a- --xxj >*-** w 1. INTERPRETATION 1.1 In theee Securities Account ComMons:"Acf means the Companies Act (Chapter SO) and any amendment, modification and re-enactment thereof and wtoere the context permits.
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    • 3405 14 DISTRIBUTION OF FREE SECURITIES 81 Whenever Vie Dopooftory »h«l Win from an loouor any dielrtxjton In reaped of SwaWw in ftio form of ft— Socurtbos whether by way of boom issue or otherwise, it than credit the Securities Account of the Depositor with, subject to Condition 8-2: 81.1 such number
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  • Page 15 Advertisements
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  • Article, Illustration
    1048 16 Transaction date: Jan 22 MTERBAMK CROSS RATES AS CS tab Euro HK$ tat t» ■uptafc Ytn Woi IH Wilt teo SS ««wd Sfr KT$ Bafct Po-d US$ Avtrafla 0.903 4693 0.549 4.596 28.244 52.382 0.697 6.938 2.240 1.076 ***** ***** 1021 5.330 0.803 20.416 25.194 0.365 0.590 CM* 1107
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  • 1439 16 S100M FIFTIIHBB Jan 22 RSS1(ScMtiAO CtoM VotMW Opaa WO B0I I— Sett 9mm) Iatarart ii 5775 Mar 03 159.75 Apr 03 163.00 May 03 163.00 RSSSflScMMq) Mm Ope* in-fc f«li wOBil HIQB LOW 5tu (tMHtS) HRffVSi Fab 03 90j0 9000 9000 600 2850 Mar 03 9150 9150 9150 100
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  • WORLD news
    • 401 17 PARIS military source says US has already decided on war and that it will beashortone Bloomberg Reuters AFP AP THE leaders of France and Germany joined in a call yesterday for more efforts to avoid a war against Iraq after US
      Bloomberg; Reuters; AFP; AP  -  401 words
    • 112 17 NEW YORK Reuters US consumer confidence feU hard to a new nine-year low last week as renewed war fears and rising oil prices dampened faith in the Bush administration's handling of the economy, a report said on Tuesday. ABC News/Money Magazine said its weekly
      Reuters  -  112 words
    • 381 17 US RESULTS Return to black in Q4 comes on back of massive cost cuts Bloomberg Reuters [NEW YORK] Merrill Lynch Co earned US$6O3 million in the fourth quarter and posted its third-straight quarterly profit as chief executive officer Stanley O'Neal's cost cuts outpaced a
      Bloomberg; Reuters  -  381 words
    • 397 17 NEW YORK Provisions related to Enron trades, lawsuits to blame Bloomberg JP Morgan Chase Co lost US$3B7 million in the fourth quarter after the second-big-gest US bank wrote off losses related to bankrupt energy trader Enron Corp and set aside money to cover
      Bloomberg  -  397 words
    • 377 17 SCHAUMBURG, Illinois Bloomberg MOTOROLA Inc earned a profit of US$l74 million in the fourth quarter, beating forecasts for a decline. It was the first time in two years the world's No 2 mobile-telephone maker had net income in consecutive quarters. Net income was 8 US
      Bloomberg  -  377 words
    • OTHERResults
      • 58 17 Bloomberg [MURRAY HILL, New Jersey] Lucent Technologies Inc posted a net loss of US$364 million or 11 cents a share in Ql, although the figure was an improvement from a US$423 million, or 14 cents a share loss a year earlier. Sales fell 42
        Bloomberg  -  58 words
      • 47 17 Johnson Johnson Q4 pro fit up 30% Bloomberg [NEW BRUNSWICK, New Jersey] Johnson Johnson's Q4 profit rose 30 per cent to US$l.4 billion, or 48 cents a share, from US$l.l billion, or 36 cents, in the year-ago period, while sales climbed 14 per cent to US$9.4 billion.—Bloomberg
        Bloomberg  -  47 words
      • 61 17 Bloomberg [ST PAUL, Minnesota] 3M Co announced Q4 earnings jumped 34 per cent because of cost cuts and more sales from outside the US. Net income rose to US$5ll million, or US$l.29 a share, from US$3Bl million, or 96 cents, in the year-ago
        Bloomberg  -  61 words
      • 60 17 Reuters [NEW YORK] Eastman Kodak Co yesterday posted a quarterly profit but offered a weaker-than-expected outlook and said it would cut up to 3 per cent of its work force. It will take a charge of between US$75 million and US$lOO million to
        Reuters  -  60 words
    • 431 18 SEOUL Tighter laws on credit card, loan provisions cited for 11% profit growth Bloomberg SOUTH Korean banks, including the joint-venture Shinhan Bank, posted a lower than-expected 11 per cent gain in combined profit last year, after regulators ordered them to lift provisions
      Bloomberg  -  431 words
    • 120 18 NYT (NEW YORK] The Securities and Exchange Commission has begun an informal inquiry into claims by a former executive at Wyeth that the drug manufacturer was involved in a practice of cheating foreign governments out of taxes, a lawyer for the executive said. The
      NYT  -  120 words
    • 264 18 BERLIN AFP SAYING that public confidence in big business has been damaged by corporate scandals, the international corruption watchdog called for new codes of conduct to restore faith. In its Global Corruption 2003 report, Transparency International's chairman Peter Eigen said the scandals
      AFP  -  264 words
    • 373 19 NEW YORK Enron crisis leads to 330 companies restating accounts last year Reuters SPURRED by the feverish scrutiny of corporate books following the Enron-Ander-sen debacle, a record number of companies restated financial results due to accounting errors last year, a study by a
      Reuters  -  373 words
    • 363 19 LONDON Industry may be hit by over USs3b of investor litigation Reuters BANKING groups Credit Suisse and Citigroup on Tuesday set aside hundreds of millions of dollars against a potential tide of litigation from disgruntled investors and warned that these provisions might not be
      Reuters  -  363 words
    • 356 19 CARACAS, Venezuela Reuters AFP VENEZUELA'S government, fighting a crippling opposition strike, has approved a temporary closure of the foreign exchange market starting this week as it studies curbs to stem capital flight, a government source said on Tuesday. The bolivar currency has
      Reuters; AFP  -  356 words
    • 230 19 Reuters [NEW YORK] Citigroup Inc on Tuesday became the first US financial company to say it plans to report only income on a net basis, as US companies have come under fire for misleading results that omit various charges. "We are going to
      Reuters  -  230 words
  • Page 17 Advertisements
    • 189 17 U/ItA»A 4a nn'MA j* A Diners Club Credit Card *«*,<* 6416 0980 Wnere to wine, dine and entertain... ~|MERITUS MANDARIN SINGAPORET Top of the 'M' The Ultimate Dining Experience 23 Jan 28 Feb 2003 jttk Indulge in contemporary French and Italian cuisine, wines, flamb&d specialities and classical music by our
      189 words
    • 113 17 Yusheng fwoJoa per order (IS |an 15 Feb) Harmony Lobster at $138 Fortune Abalone at $106 Prosperity Salmon at $40 (small) or $70 (large) Grand Reunion Wht Dinner 1 Show (31 JanT; I Room. 4tfi Boor i Enjoy an excellent Yu Sheng buffet dinner with live I entertainment and fantastic
      113 words
    • 57 17 back by POPULAR DEMAND! Weekday Lunch $13 88+ Dinner $15 88+ Weekend Lunch $15 88+ Dinner $16 88+ Jai Thai Restaurant *02-251 Marina Square (opp Rasa Manna Food Centre) For Reservation Function Enquiry Tel: 6339 8652 48* .vl KaxC/OL or 4i/tifovh Mhjftr and enjoy a lavish spread of ice cream,
      57 words
    • 146 17 SUCKLING PIG OR ABALONE usual prico $11 wMi minimum ovtflar of $298++ Ml menu Spring Court 488 Upper East Coast Road Singapore *****0 Tel: 6449 5030/6 off your total bill I Vbkd ortf wtti a imwn $100 ipand or 6ko Corto mm n«M prranl coupon upon ordanng \rt*d ti 30*
      146 words
    • 80 17 Lunch 11.30 am 2.30pm Japanese Bento Sushi Xr Delivery I sushi Japanese Bento c0ii6253 077^J Weekdays »»5.90" (Ad-It) $12.90' (Child u jrr» ft bekmr) Weekends ft Public Holiday $28.90" (Adah) $15.90* (Chad tipilMow) Includes FREE FLOW of a Call 8324 0218 for reservation {5 p( Jk4 52 Pagoda Street r
      80 words

  • 11 18 Transaction date: Jan 22 for more, go to zimrw-asiaonenmarketsjoom
    11 words
  • Page 18 Advertisements
    • 267 18 r Krl griflfl^^^prf* 9 k •'j^^P^^BSflHr^^^HHU ENJOY AN ABUNDANCE OF GREAT FOOD, GREAT COMPANY AND GREAT HEALTH AT HOTEL PHOENIX GARDEN CAFE. HOTEL PHOENIX FESTIVE BUFFET LUNCH ft $25.80+++ (Adult) I $15.80+ (Child) fcbr fcvJALLT UN 12.00 noon to 2.30pm I I IKIAD MPW VPAR Our local favourites Not available
      267 words

  • 5 19 Transaction date: Jan 22
    5 words
  • 632 19 Transaction date: Jan 22 m am c>t» i**mm ■> a— am* C4C 040 3.700 *0 100 IMM SOt 040 2-070 CprtjL.nd 1.10 1100 -0410 OCBC 9.34 MOO «0150 Ourt SamGond 2fc 040 0.770 -0415 Out 05* 5 050 *CjB00 O+OmifOc 19t *300 *0X120 PartnMf H 2V ojo 0.705 omu«*t2s<
    632 words
  • 489 19 BONDS WARRANTS UN Mi Cam Eat Saar'E Cammm W*» *m- W> MM Mm I— Uft AST1W*****1 175 1 160 0.71 17 AonaL*dW*****6 15 1 50 758 4-00 22 mm 705 1 13 1 33 1 140 29 Armstrong W040S20 15 1 M 130 333 0ar6******901Mk W 8ar6 5*JB*****1 10k Ooustead
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  • Page 19 Miscellaneous
    • 175 19 CKVPTIO CROSSWORD DOWN 1 Headgear Tsar sported, eh? (5) YESTERDAY'S SOLUTION (5.3) 16 Rustic lover was in trouble 7 pm on airs 8 Cigar. 2 Like an animal to be vicious (5) 10 Chastise, 11 wSJ 12 rJ (7) 18 But such a lawyer shouldnl iQ ic 17 besowddwdffl sLch,
      175 words

  • Page 20 Advertisements
    • 63 20 ~V\p B -1B Feb E0D3 Esplanade Theatre 6, 7, 13 14 Feb, 8 pm 8, 9, 15 16 Feb, 2.30pm, 8pm S120.S95.S80, V S60-.S45-.S30* E b Discount for purchase of vfc 5120. 595 SSO tickets v 1 \m 10"o for two episodes; 20°o for three episdes, 35°v for all six
      63 words
    • 230 20 Stir upYu Sheng to steer in the Year of the Goat. I* >, .jgS ,m^j»gp?s J Set your palate ablaze with our Lunar cuisine from Ipm to spm at The Third Floor. Celebrations from Ist to 1 sth February for a Alternatively, experience the New Year under truly auspicious New
      230 words
  • BIZIT
    • 433 20 Company plans USs4lBm of loans from Chinese banks for USsB9Bm plant Bloomberg [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest supplier of made-to-order chips, received preliminary government approval to become the first Taiwan chipmaker to open a factory in China.
      Bloomberg; AFP  -  433 words
    • 233 20 Reuters [BEIJING] Japanese electronics giant Toshiba Corp said yesterday it will invest US$l billion in China over the next few years to boost production of computer chips, screens and mobile telephones. Nobumasa Hirata, the firm's chief China representative, said on the sidelines
      Reuters  -  233 words
    • 195 20 Bloomberg [SAN JOSE, California] North America-based makers of semiconductor equipment had an increase in their book-to-bill ratio as orders rose from the previous month, Semiconductor Equipment and Materials International said. December orders rose to U*****.2 million, on a three-month average basis, from a
      Bloomberg  -  195 words
    • 175 20 Bloomberg [ARMONK, New York] International Business Machines Corp won orders from Unilever NV, VeriSign Inc and the US Professional Golfers' Association tour, all of which use the Linux operating system. Terms were not disclosed. IBM will run server computers, provide video over the
      Bloomberg  -  175 words
    • 324 20 Bloomberg [REDMOND, Washington] Microsoft Corp has agreed to buy Place Ware Inc, which helps customers hold meetings over the Internet, for an undisclosed amount as the world's biggest software maker expands into online conferencing. Microsoft will fold PlaceWare into a new unit within
      Bloomberg  -  324 words
    • 314 21  -  By David Boey [SINGAPORE] Taiwan-based United Microelectronics Corporation (UMC), the world's second biggest maker of made-to-order chips, has started moving equipment into its new Singapore plant. In a statement yesterday following the close of trade in New York where UMC shares are quoted UMC
      314 words
    • 696 22  -  Wide use of model championed by IBM, Sun and HP still some way off, reports Tang WengFal Tang Weng Fai Research group International Data Corp (IDC) is convinced that it's the next big thing. But not yet. And others in the industry agree that
      696 words
    • 556 22  -  h i I comment TECHNOLOGY The numbers often overtook those who fall off the charts kenneth james The key numbers from the briefing by the Economic Development Board (EDB) made for sober reading: Total business spending from services, down 3 per cent in 2002
      556 words

  • Page 21 Advertisements
    • 80 21 Le maitre de depuis ICHHU Exclusively at: CORTINA WATCH PTE LTD Millenia Walk Tel: 6339 1728. Paragon Tel: 6235 0084, Raffles City Tel: 6339 9185. SINCERE WATCH Ngee Ann City Tel: 6733 0618. Lucky Plaza Tel: 6737 4648. Suntec City Mall Tel: 6337 5150, THE HOUR GLASS Scotts Shopping Centre
      80 words
  • 13 21 Transactixm date: Jan 22 for live prices, log on to ivwwxisiaonemarkets£oni
    13 words
  • 70 21 JM» Lai Day lIQaXi fettr Mr CfVW M MCa t— Mi W- f—> I— If Mir Cw Hi tJ I QUO n Durnoxk US87B0ad 8410 KOO S340 2700 BOJUSTcdi- US3740 3340 575 SH IS MSG Spore IH555 44b 4S6 lt«0 two rsSAPSOO U***** 8880 8960 ***** no STOW
    70 words
  • 1341 21 O* UN Val Day laatQaeX Grf*» Oto OVM M HCaa i— tiBpi.i s*e w- r— m» t— >»r» Cw w iJ a 15 AMHMpSc 105 9 II 203 245 15 APCWSc 175 16 17 5 115 1.4 7.4 15.4 51 14 ASAutolOc mfc 72 11 115 115 24
    1,341 words
  • 299 21 52-Wk LMt <M tar I1>— CrfH* Ofcr CftH M mCrn imm r«— s*» w- cm* ia» »*r c» >« W MS 10 AVJerairaA25c MB -1 M 99 99 98 *5 40 3.4 10-2 5-7 2109 Cathay Pac 20c HK720 II 74 I 24*62 Chwig KongSOc NK1790 240 13
    299 words

  • Page 22 Advertisements
    • 802 22 AN ADVERTISING FEATURE Turn on the power! WHAT IS A WORKSTATION? AND WHY SHOULD YOU CONSIDER ONE? S I a t he rise in today's quire systems that have high-end I computing power, graphics cards with multiple outmany people begin to puts, fester and multiple processors, j I I wonder
      802 words

  • SHIPPING TIMES
    • 273 23 Knight-Ridder Reuters THE Baltic Dry Index fell 3 points to 1715, the Baltic Capes ize Index fell 8 points to 2218, the Baltic Panamax Index fell 3 points to 1843 and the Baltic Handymax Index rose 13 points to 9760. S A Fortius (built 2001) *****0 dwt delivery
      Knight-Ridder; Reuters  -  273 words
    • 258 23 MX '000 jmb m CWT Distribution—0.66 unch 0 Chuan Hup 0.45 0.01 663 Casco Invastmant 0.19 unch 220 Freight Links 0.03 001 5 08 Holdings 0.60 unch 15 Jaya Howngs _._._0.27 unch 1909 KappaiCorp 3.78 0.04 1643 KappalMarina 0.15 unch 182 Kappai Tata 0.87 0.03 243 Latroy Marina
      258 words
    • 687 23  -  INTERNATIOMAL MARITIME AMD PORT SECURITY CONFERENCE High traffic volume makes waterways prime targets By Donald Urquhart [SINGAPORE] The Malacca and Singapore Straits are prime targets for a major terrorist attack on commercial shipping because of their economic importance, high traffic volume, limited
      FILE PHOTO  -  687 words
    • 391 23 Key issues need to be resolved before ban is enforced: Greece Reuters [ATHENS] Greece, which controls nearly 40 per cent of European Union shipping, has asked for key questions to be answered before an EU ban on singlehull tankers from carrying heavy fuel
      Reuters  -  391 words
    • 511 23  -  Lines will refuse to load any cargo that fails to meet customs' requirements: NOL By Beth Jinks [SINGAPORE] The maritime transport industry can expect even more security related legislation, after a sobering US Customs warning that the controversial 24-hour advance manifest rule is "just
      511 words
    • 641 23 Orders that month at Hyundai, Daewoo, Samsung worth US$2J5b Bloomberg [SEOULJ For the world's three biggest shipbuilders, December was a banner month in a sluggish year: the South Korean companies won US$2.l5 billion of orders a quarter of what they won all year. Hyundai
      Bloomberg; FILE PHOTO  -  641 words
    • 726 24  -  MEWBUILDS -By David Hughes OVER the past year or so, products tankers have featured prominently in the new contracts lists and this week is no exception. One of the main reasons for this is the phasing out of singlehull tankers. The Italian government
      REUTERS  -  726 words
    • 3 24
      3 words
    • 3 28 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 2 31
        2 words
      • 2 31
        2 words
      • 146 31 Jan 31 Hong Kong: Lunar New Year's Day. Korea: Lunar New Year's Day. Ftkl 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. Brunei: Chinese New Year Feb 3 China: Lunar
        146 words
      • 754 31 THIS report, compiled by Cockett Marine 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 averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        754 words
      • 463 31 Mn Jm M bmhNt Mv BmWm i h* luminiur StflBMl (n M/in mi man<* ISO/Cmmc iMNts Sp« £25 Ml LO 15.0 O K) SO 0.10 SHtt35 991 10 HO 0.15 80 0.10 Hortkcm Europe 180 Aw 975.2 0.1 10.4 0.04 17 0.01 •0 MM 995.1 0
        463 words
    • AIR & LAND transport
      • 733 32 DOT'S conditions will strip deal of its benefits, airlines say; bnt they pnt forth self-imposed restrictions NYT [ATLANTA] Delta, Northwest and Continental airlines are going ahead with their planned alliance, defying limits that federal regulators had planned to impose on the deal. The US
        NYT  -  733 words
      • 514 32 Bloomberg [FRANKFURT] Deutsche Lufthansa AG plans to reduce its European fleet by an additional nine aircraft because of a drop in demand for business travel and transport of cargo. The reduction will lead to the grounding of a total of 21
        Bloomberg; FILE PHOTO  -  514 words
      • 344 32 US carrier fighting fierce competition on Pacific ronte AP [NARITA, Japan] With its operations under Chapter 11 bankruptcy protection. United Airlines needs all the good fortune it can get. So it chose the luckiest day of the Japanese calendar for a ceremony on Monday,
        AP  -  344 words
      • 178 32 Bloomberg [SEOUL] South Korea and India agreed to raise the number of weekly flights between the two countries to six from four, and to increase cooperation to meet growing travel demand. Under the agreement, the two countries also eased restrictions on the number of
        Bloomberg  -  178 words
      • 538 32 Analysts expect discounts on other models as incentive Bloomberg [TOKYO] Airbus SAS is turning to Japan, a market dominated by bigger rival Boeing Co, in a quest to win more orders for its new A3BO, which can seat as many
        Bloomberg; AFP  -  538 words
      • 391 32 AIRLHE COOES AA Amencm Artnes (AAL) Af Ar Fwnt(Afß).Al At inda (AK) AY FrrmOy(M) AZ A/UM Arms (AZA) BA. Brtosti Amys Pubtc Ltl Co (BAWt BG Brmr btngaoesr, Artnes IB6CI Bl Roy* Bnn* Arms SOn Bha (RBA). BO Boma Artnes (BOU) BR EVA Annoys Cajm (EVA)
        391 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 453 24 I NORTH AMERICA QULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) 7 [GULF KARACHI EXPRESS (QIOQ vtssa I vot tco riG wssa vot ju um mm m OOdKWTOH 77W52 oTToI II 02 HAKUOAMAOU in U/01 17/01 10/01 27/11 "Z "Z to-—— n/n L NOKOUOTONNSOANI OK JO/01 31/01 02/02 00/02 tl SIM wgo
      453 words
    • 655 24 lines sennces represented by EfeJj/ Accredited Shipping Agents, Zjjf S.ngapore log,shcs Snggpore Shipping Association "T A»ock»oo g ULY UNE MALE fHSSH VOY ETA IU ETA f.KiAWG SfOK MAil Empress Lily 0103 06/02 07/02 15/02 Princess Lily 0203 24/02 25/02 05/03 Empress lily 0203 13/03 14/03 22/03 v ULY MARINE SERVICES
      655 words

  • Page 25 Advertisements
    • 1041 25 TO USA (SAX SERVICE) VESSEL VOY SIN ETA LAX OAI Ml HOU CHI CM MM ATI NYC APL SWEDEN 0041 W/01 13/0? 17/0? 11/02 11/07 11/0? 11/07 10/02 21 /VI 21/03 API HOUANO II4E 05/02 20/02 24/02 2S/02 2S/02 2S/02 2S/02 2S/02 20/02 20/02 API ENGLAND U6E 12/02 27/02 03/03
      1,041 words
    • 1612 25 HHiuXYflHl DIRECT cm 10 Colombo 4 days Gtaaui Aeon m smcatoh Mwwmm-M SAIH/mcsra. MIMW/U ML 42josmi/241 COSTAB SHIPMNG PTE LTD "wokomob «nw*»»/u utosm tiusm/n I mmmb amk i«ir**wr nminmtM HL 4224 IOM (BAM) MM»n|B/Ot ***** 7M 42M5314/44 I BABDAB ABBAS 12 DAYS T/SMPOfP *****025 42M5314/44 I mors oma: coHvummM MTo&Mi/isc
      1,612 words

  • Page 26 Advertisements
    • 737 26 HM! HYUNDAI MERCHANT MARINE CO., LTD. Hlßipi|i: wwwJ—2l.l— g MO. HOWIMMMI |<b» vor "ST sou w «w m w wv [vtaa voT|sou|ißi|ra[AiiT|iiAM|Mv" sw omkammmi liiw ii/ii u/ii is/01 mtum hoi m/u 01/01 b/ii n/ii MTRBDOB lIIW 17/01 11/« 11/07 14/01 14/07 HT MOfKHDOKI 1111 07/0101/01 01/01 M/II M/ 01 mcotAi
      737 words
    • 1292 26 WAN HAI EfTBtNAHONAL Fit LTD a»nnnni/»| VT>.\ lILUMIS* (14UNB) WLUMUU W\WAN HAI LINES sssssaass^sssL. mM:IWBtraWlWlßlffll MB.mil DtMft ML 101)0*714/ 0,11,5 i ■KnnmkOTaiMiftnMvnM umn NKUOMKB KIWVM TO VH m MO prwTn liii Uiu -JOT —pr tctjt nnw km pm—in mi saw nm nm BM [mmis mi nnm 3Mi mi nt)i/W am
      1,292 words
    • 547 26 <a> WEEKLY EXPRESS SAMJHG SCHEDULE ALSO ACCEPTING TO All WORTH6RM AMD WESTERN ICQ POWTI wr si MUMK am—) turn* taoaoo lISWCTB SOI7R 1)111 ISM HIM 77JAO BjM iwbwh MM MMO aMI ma HJAI iih tourawu rmis vm »mo bh ism ww IMMMO WIS CFB KM WW 118 ISM HMtunmt I
      547 words

  • Page 27 Advertisements
    • 890 27 IVtSSa VOY KHH HKO I «N I W I PXB P PMM —C MAN ISFAHAN PCL -295 21/01 22/01 25/01 20/01 02/02 03/02 11/02 13/02 WAN HOSMOZGAN Pd 296 20/01 29/01 01/02 02/02 09/02 10/02 U/02 20/02 ■AN TEHRAN PCI 297 04/02 05/02 OS/02 09/02 16/02 17/02 26/02 2S/02 M.V.
      890 words
    • 652 27 rasa m m fH— -ffisa m B HXK** mm W -BKIML Z22S n*i m*i nan imi izzu ymi ms jj/ii ZaaiZl rKMm ung m/U a/n -ULUU OH M/u n/w rKUK* am im w/ti MBHMB tiw fim ami MZS ?i/ti nc uatu *****1 01/07 W/W fAtMIBA HZ* f>/W W/W I VBSa
      652 words

  • Page 28 Advertisements
    • 180 28 IYd *T ttm |P— |««lp—|»— Jmrn |«—»r| I*wfc |»ifciij il|«w||Hb|«i J Hongkong Senator 828E" 28/01 06/02 12/02 13/02 Hongkong Senotof 828E" 28/01 11/02 OMIT 21/02 23/02 25/02 Hongkong Senotof 828E" ~2870l *****" OMIT W703 WoT 11/03 W Colifofnio Senotor 951E 11/02 20/02 26/02 27/02 Colifcxnio Senotor 951E 11/02 25/02 OMIT
      180 words
    • 206 28 CWT GLOBELINK PTE LTD W OWN Officii IN: TEL:*****833 (36 LINES) FAX:5225M742 SYDNEY MELBOURNE PfNANG FOBT KELANG-fASIB GUDANG KUCHING BANGKOK KABACHI BOMBAY A NfW DELHI-COLOMBO-HO CHI MINH CITY HAIPHONG-HANOI BBEMENHAMBURG TIANJIN-QINGDAO SHANGHAI XIAMEN FUZHOU OALIAN XIAN BfIJING SHI JIA ZHUANG DIRECT SAILING TO: MUMBAI (BOMBAY) T* KOLCATTA (CALCUTTA) kamoHV CHI
      206 words
    • 241 28 BSA x MYANMA SB FIVE STAR UNE (Mmm IhHid UM) U^hfftrYMfM VBSH VOT un no. KM KU CHM SHWI HAW SOW SU PAGAN V3O4W SU M MALAYSIA: KHISTIAO SHIPPING AGOKKS ML 03-*****)00 PKL 03 )174*101 POfc 04-2****** BANK LINE (A Mrvict t4 Aadrtw WMr Sttpfhg) I NOKTHBOUNO TO EUROPE V
      241 words



  • Page 31 Miscellaneous
    • 114 31 2003jK^^H| > v9r t| 9 R; Thunderstorm m Rain Temperature C—y' ant j speed in knots Cloudy Day Weattw U Sea Conations O Full circle w/o line Indicates calm or light and variable winds < 2m ->—One half fleche represents 5 Knots I 1 Moderate, 1.2 m 2.5 m I—-One
      114 words