The Business Times, 4 February 2003

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Total Pages: 26
1 26 The Business Times
  • 14 1 MTTArP) 010/03/2002 854 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial com.sij TUESDAY, FEBRUARY 4, 2003
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  • 894 1  -  l:il exclusive S'pore IT services expected to witness 8.7% surge in growth this year By: Raju Chellam [SINGAPORE] Sharp drops in corporate IT budgets and fears of a looming war in the Middle East have failed to dim one bright spark in infocomm services.
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  • 60 1 Monday Change ST1 dosed KLSE OWP dosed NIKKEI 22-5 _8.500.79 160 85 HANG SENG closed SET INDEX 372.40 *2 JAKARTA COMP -.***** +1.77 MANILA COMP _I.058.14 +1.45 TAIPEI WP1 dosed SEOILCOMP 600.41 +8.55 SHENZHEN B dosed AI'ST ALL ORD £***** 1490 BOMBAY IND _3J279.83 .29 45 11am EST Change
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  • 79 1 FOREX RATES US$ 8$ rss (ss per i;s$i im £(IS$/SS per S) 1.654 2.875 ElTW>(l'SS/S$/E). 1083 1.881 YEN 1185 68 411 RM 18WI 4187 H KS 7.H0U 4.4HK BAHT 4176 24 60 RIP1AH 8,877 5.108 RENMINBI *299 4 775 INDIAN RIPEE 47 79 2750 PRIME RATES SINGAPORE* 525 KI'ALA
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  • 1092 1  -  Besides restoring the battered, top-earning tourism industry, taking bold steps to diversify the island's economy is imperative, reports Shoeb Kagla from Bah Shoeb Kagda AS THE sun set over Bali's famous Kuta beach, the once bustling tourist area was quiet and subdued. Where
    AFP  -  1,092 words
  • 899 1  -  Analysts see that as providing a base for prices to rise By Kalpana Rashiwala [SINGAPORE] In what could provide a base for an uptick in property prices, the stock of units from unlaunched 99-year-leasehold projects to be built on land sold by the state
    899 words
  • 779 1 This year's growth is projected at only 2.9% bnt it sees strong economy from 2004 through 2008 Reuters AP Bloomberg [WASHINGTON] The Bush administration's 2004 Budget yesterday forecast halcyon days for the world's richest economy, predicting rapid economic expansion, falling unemployment and
    Reuters; AP; Bloomberg  -  779 words
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  • NEXT page
    • 564 2  -  HSBC, Maybank seen to be among potential bidders for 51% stake Prom\ Shoeb Kagda in Jakarta THE Indonesian Bank Restructuring Agency (Ibra) hopes to get its privatisation programme back on track this week with a trip to Singapore and Hong Kong
      564 words
    • 651 2  -  Move is main reason for his leaving A&G By i Catherine Ong [SINGAPORE] Michael Hwang, who has long been associated with Singapore's leading law firm Allen Gledhill, has set himself up as an international arbitrator and defacto barrister. The 59-year-old Senior Counsel told BT recently
      651 words
    • 810 2  -  This will give private companies more freedom to operate From, Anthony Rowley in Tokyo JAPAN is due to open its first "economic deregulation zone" in July in which Japanese and foreign businessmen will be able to launch, at a local level,
      810 words
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  • SINGAPORE companies
    • 779 3  -  Bourse sheds $70b to $205.1b as at end-Jan from a year earlier By Kalpana Rashiwala WEAK stock prices have whittled down Singapore's market capitalisation to its lowest since March 1999. As at end-January, the market cap of the Singapore Exchange came to
      FILE PHOTO  -  779 words
    • 918 3  -  lock siew jennifer lien IT has been a wild ride for technology stocks on Wall Street since New Year's Day. First they rose, then they plunged. And now they're edging up again. A quick recap: At the beginning of the year, tech
      918 words
    • 562 3 $256.6 m profit will also be its biggest in at least 6 years Bloomberg CAPITALAND Ltd, Southeast Asia's largest developer, will probably make a profit for the first time in three years because it sold more homes and booked a gain from
      Bloomberg  -  562 words
    • 74 4 Notes: AM market cap figures are In Singapore dotars Closing prices of counters foreign trenches are tool shares only but mart* capfitftofiaa and number of stares are totals of both. Closing prices of shares Iraited in foreign currencies are not converted to Singapore
      74 words
    • 804 5  -  Plenty of pent-up demand, say some analysts and fond managers, so sniff ont bargains now Byi Angela Tan AS more American troops head for the Persian Gulf and with the spectre of a US-Iraq war looming larger every day, most investors
      AFP  -  804 words
    • 648 5  -  Xpress gets lion's share of financial printing business Wong Wei Kong IT'S not just investment bankers who benefited from the burst of activity in the initial public offer (IPO) market earlier this year. Financial printer Xpress Holdings, formerly i-One.Net, has managed to clinch
      648 words
    • 443 5  -  Any weakness in Asian equities is a buying opportunity By, Audrey Tan THE clouds of an impending US-Iraq war may hang over global and Asian markets, but some analysts are already expecting the US economy and global markets to rally after a brief conflict
      443 words
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    • 10 3 Fall ranking o/ Singapore companies by market cap, Pg 4
      10 words
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    • 820 5 SMEACRAFT DATACRAFT ASIA LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY QIVEN that an Extraordinary General Meeting ("EGM") of the members of the Company wtt be held at The Regent Singapore, 1 Cuscaden Road, Singapore *****5 on 27 February 2003 at 2.30 p.m.
      820 words

  • SINGAPORE news
    • 686 6  -  I =11 comment PROPERTY Let a local firm take over the Job and in time, it could ran prisons in other Asian countries lee han shih THERE is a property business in Singapore with an annual operating budget of more than $200 million, more than 13,000 captive
      FILE PHOTO  -  686 words
    • 277 6 She will head bioengueering, n&notechnology institute MIT professor Jackie Yi Ru Ying has been headhunted by the Agency for Science, Technology ami Research (A*Star) to take charge of Singaifeioe's Institute of Bioengineering and Nanotechnology (IBN). Prof Ying, 36, was born in Taiwan and raised in
      277 words
    • 496 6  -  I =47 3 on the economy employment By Kalpana Rashiwala THE majority, or 63 per cent, of Singapore-based MNCs and businesses expect to keep their permanent staff headcount steady in anticipation of economic recovery in the second half, according to a recent
      496 words
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    • 374 6 Reunion Chinese New Year Set JaiThai MangoYliSheng Fried Abalone Pandan Fried Prawn wjth kWiQiiid Souot^W Deep Fried Ft& with CNllSaucf K Fried Mixed Vogptabte Pineapple Rice Ki i l Thai Desserts tFrnweHMS* 4NiMMISI2tJS4 6 Persons 9 $18SJS+ I Parsons tSMM* 10 Persons •$2BBJB+ We Open throughout Chinese New Ye<Ml Jai
      374 words
    • 40 6 C.A.T.S. Buy It. Sell It. Find It. VP Try our most popular Windsor Seafood Kway Teow Or Windsor Beef Kway Teow @$().Qo+++ Served with special black bean sauce Mon-Fri: Lunch from 11.30 am onwards For innervation*, plate all 6381 M3B
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    • 90 6 Lunar New Year pioiTer,^ MP* V' m 10 m mm •aMMDaauiM mmim mm 30 Bencoolcn Street S< *****1) near Dhoby Ghaut MRT For reservations, please call 6337 2882 ext 281 218 A!pnetssubftet to 10% tcrvctdtargt. I%emend4% GST Lunch 11.30 am 2.30pm Japanese Bento Sushi \T\ DeUvery sushi Japanese Bento call
      90 words
    • 91 6 ■Knntascnssß^ FuDu Lunar New Year Special Set Menu Mrv 2 pax Mini Jump Over The Wall Steamed Live Prawn with Chinese Wine Deep Fried Soft Shell Crab with Minced Pork 5 Head Whole Abaione with Oyster Sauce Fried Rice with Abalone. Lobster and Crab Meat Red Bean Soup with Glutinous
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    • 187 6 n MER.ITUS MANDARIN SINGAPORE T BUFFET DINING AT I I S BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, lIS Prime Rib of Beef and many more mouth-watering dishes rT" to leave you spoilt for choice. Reservations: 6831 6271/72 MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: 6737 4411. fax:
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    • 56 7 The Business TI hi t Sony Ericsson Promotion Your chance to acquire the latest rfimm mobile marvel from Sony Ericsson Lygttl Wtrth $1338-FREE PBOO $1,338 In) j Handwriting Coter Twcfc Sctmb um iwn ip>n caw) WEI/WAP BrowMr Oily la THt Business Times Execvtlve Lifestyle pases Pel ***** j Sponsored by
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  • REGIONAL news
    • 395 7 FALLING INVESTMENT Investments from S'pore fell a quarter to USslb in first 11 months of '02 Bloomberg [BANGKOK] Foreign direct investment in Thailand fell 83 per cent in the first 11 months of 2002 as overseas companies borrowed at lower
      Bloomberg  -  395 words
    • 239 7 MANILA Bloomberg SOLID Group Inc, the only traded consumer electronics maker in the Philippines, said it shut its assembly plant because its main clients, including Sony Philippines Inc, will rely on television and stereo imports for local sales. The shutdown, at the end of
      Bloomberg  -  239 words
    • NOTEBook
      • 66 7 Bloomberg [KUALA LUMPUR] Malaysia's exports probably grew at a faster pace in December as higher oil and palm oil prices offset slowing exports of computer equipment. Exports probably rose 11 percent from a year earlier, after November's 9.9 per cent increase, according to the
        Bloomberg  -  66 words
      • 89 7 Bloomberg [BANGKOK] Thailand. South-east Asia's third largest oil consumer, will set up a one billion baht fUnd (5540.6 million) to subsidise fuel prices to contain an increase in retail prices in the next four months. The government wants to maintain retail prices as global crude
        Bloomberg  -  89 words
      • 47 7 AFP [BANDAR SERIBEGAWAN] Brunei Sultan Hassanal Bolkiah has divorced his second wife, former flight stewardess Mariam Abdul Aziz, and ordered all her royal titles withdrawn. A royal announcement on state-run television late on Sunday did not give reasons for the divorce. —AFP
        AFP  -  47 words
      • 67 7 Reuters [JAKARTA] Indonesia's largest bank, Bank Mandiri, yesterday said its 2002 net profit hit 3.55 trillion rupiah (***** million), up from 2.7 trillion rupiah the previous year and forecast an even healthier bottom line for this year. "The after tax profit in 2003
        Reuters  -  67 words
      • 90 7 Bloomberg [MANILA] The Philippines is sticking to its economic growth forecast for this year of as much as 5.2 per cent, driven by higher natural gas production and home construction, Economic Planning Secretary Romulo Neri said. Gross domestic product growth may range between 4.2
        Bloomberg  -  90 words
      • 60 7 Reuters [BANGKOK] Thailand's central bank believes the baht is trading at an appropriate level. Finance Minister Somkid Jatusripitak said yesterday, adding that he had instructed the bank to keep a close eye on the currency's fluctuations. "The central bank has briefed me today that the
        Reuters  -  60 words
      • 90 7 Bloomberg [MANILA] Manila Electric Co, the biggest electricity retailer in the Philippines, said Citigroup and other creditors will restructure 10 billion pesos (***** million) of debt due this year as it seeks to avoid bankruptcy. Manila Electric says a court order that it refund
        Bloomberg  -  90 words
      • 55 7 Bloomberg [BANGKOK] Krung Thai Bank, Thailand's second largest lender, said it will pay 100 per cent of its 2002 profit as dividend this year, the bank's first since 1997. The company will pay the dividend after accounting for retained losses, it said in a
        Bloomberg  -  55 words
    • 448 7 JAKARTA Pace may not last as overseas investment fell 35%, say analysts Bloomberg INDONESIA'S exports rose 1.2 per cent to US$57 billion in 2002 from a year earlier, helped by higher oil and commodity prices as well as a
      Bloomberg; REUTERS  -  448 words
    • 242 7 ■BANGKOK AFP Reuters THAILAND'S government, still reeling from the devastating anti-Thai riots in Phnom Penh last week, yesterday awaited a fencemending visit by Cambodia's Foreign Minister Hor Namhong. He will arrive today for a two-day stay during which he will begin repairing ties
      AFP; Reuters  -  242 words
    • 286 7 JAKARTA JI unit head Mas Sel&m&t seized with fake travel papers Reuters INDONESIAN police said yesterday they have arrested the suspected head of the Singapore branch of Jemaah Islamiah, a regional Muslim militant network accused of planning or carrying out attacks across South-east
      Reuters  -  286 words
    • 204 7 Reuters [JAKARTA] A BOMB blast rocked Indonesia's national police headquarters early yesterday, causing some damage but no casualties, and eliciting a promise by the country's top policeman to improve security. Police said they had no immediate clue as to who could be responsible or
      Reuters  -  204 words
    • 129 7 AFP [KUALA LUMPUR] Malaysia will investigate why the baggage system at its US$2.4 billion Kuala Lumpur International Airport has regularly broken down since the airport opened in June 1998. Transport Minister Ling Liong Sik yesterday said the investigation was to ensure the airport
      AFP  -  129 words
    • 708 10 BEIJING Analysts question efficacy of having week-long breaks, given mixed results AFP CHINA has given 400 million city-dwellers one week off for the Chinese New Year so they can shop, dine and travel, but analysts question whether the policy has helped boost
      AFP; REUTERS  -  708 words
    • 201 10 Bloomberg [KARACHI] Pakistan stocks fell after a bomb explosion near the entrance of Pakistan State Oil Ltd headquarters, the nation's largest oil supplier, killed one person and injured two others. The Karachi Stock Exchange Index of 100 shares fell 73.58 points, or
      Bloomberg  -  201 words
    • 807 10 ORANGE COUNTY, China US style homes are the craze in China, if one can afford it NYT AN hour's drive north of Beijing, on an icy country road lined by fields and populated by trucks and sheep, palm-ringed golf courses and "Surfin'
      NYT; AFP  -  807 words
    • 132 10 Bloomberg [NEW DELHI] India will allow local companies selling shares overseas to retain the proceeds in foreign currency to encourage more companies to list shares in stock exchanges such as the Nasdaq and the New York Stock Exchange, the country's central bank said
      Bloomberg  -  132 words
    • 420 10 BEIJING It will learn lessons from Columbia tragedy: academics AFP CHINA has vowed to push ahead with plans to launch its own first manned space mission this year despite the Columbia tragedy, state press reported yesterday. "China will launch its
      AFP  -  420 words
    • 196 10 NEW DELHI Bloomberg HUTCHISON Whampoa Ltd's Indian unit is buying Escorts Telecom Ltd's mobile phone service licence for Punjab, the state with the fastest-growing number of subscribers in the country, a person familiar with the plans said. Hutchison's local unit and
      Bloomberg  -  196 words
    • ASIANotes
      • 69 10 Bloomberg [BOMBAY] Moody's Investors Service said It raised India's foreign currency credit rating by one notch to Bal from Ba2, the highest on the non-investment grade, following an improvement in its external liquidity position. The outlook on the Bal foreign currency debt ceiling is stable,
        Bloomberg  -  69 words
      • 81 10 AFP [TAIPEI] A Jet fighter almost collided with a passenger plane in Taiwan in January as the two aircraft were preparing to land, an official of the Civil Aeronautics Administration said yesterday. The official said that on Jan 19, an F-5E fighter stationed in
        AFP  -  81 words
      • 54 10 Reuters [BEIJING] A hotel fire killed 33 people in the north-east Chinese city of Harbin on Sunday, the official Xinhua news agency reported. It said 10 people were rushed to hospital but were out of danger after the fire and an investigation was under way
        Reuters  -  54 words
      • 63 10 AFP [BEIJING] Seven people ware killed and 21 injured in an explosion at a fireworks shop in southern China's Guangdong province as crowds of shoppers made their New Year purchases, state media reported on Sunday. The blast in the shop in Taiping town of
        AFP  -  63 words
      • 78 10 Bloomberg [NEW DELHI] PCCW Ltd, Hong Kong's biggest flxad line phone company, will trim its holding in Data Access India Ltd to 24 per emit by June, said Siddhartha Ray, managing director at the Indian Internet service provider and international long-distance phone operator.
        Bloomberg  -  78 words
      • 61 10 AP [NEW DELHI] The top US army general was in India yesterday, his first stop on a tour of Asian capitals to discuss Iraq and other security issues. US army chief of stafT General Eric Shinseki met Indian army chief > General N C
        AP  -  61 words

  • EDITORIAL & opinion
    • 843 8  -  mivi I bottom line OPINION david mason A BILL to curb hunting with hounds in England and Wales is making its way through Parliament in the United Kingdom. An Act to ban such hunting in Scotland has already been passed more of which later. Hunting
      843 words
    • 42 8 'Most people thought it was an accident, but thought the Americans would blame it on Al-Qaeda or Arabs or Muslims.' f -Khaled M Batarfi the managing editor ofAl Madina newspaper in Jeddah, Saudi Arabia, on the Columbia shuttle disaster.
      42 words
    • 635 8 EDITORIAL US President George W Bush last week spoke of a new national commitment to hydro-gen-powered, non-polluting cars. Immediately, shares of companies behind the new technology soared. But the enthusiasm waned as it became clear that clean-burning hydrogen vehicles are very far down the road. There
      635 words
    • 1182 8  -  This could be a very good time to be in vesting in stocks if one understands the difference between risk and uncertainty By* James Glassman LAT-WP WHAT'S worrying the stock market? War. Sure, investors are disappointed that corporate profits have not rebounded vigorously and
      LAT-WP; AFP  -  1,182 words
    • 826 8  -  COMMENTARY Politicians are doing a good job of that in London By Matthew Lynn Bloomberg [LONDON] Much to the surprise of its cynical residents, London has emerged as Europe's most successful city. Swank restaurants, designer shops and real estate agents advertising millionpound properties jostle up
      Bloomberg  -  826 words

  • FOCUS iraq
    • 529 9 KUALA LUMPUR Cash-rich and export-oriented companies still offer scope for good returns: analysts IF war breaks out in Iraq, the Kuala Lumpur Stock Exchange Composite Index (KLCI) could fall by between 3 and 10 per cent in the first two days,
      529 words
    • 402 9 BEIJING Chinese minister to attend Powell's UN Council briefing AP ASIAN nations including China and India want to see the Iraq issue resolved by political means rather than through the use of military force and plan to push this stand
      AP; REUTERS  -  402 words
    • 399 9 KUWAIT Manila will protect its workers in the Middle East, she tells them Reuters Xinhua TO whoops and cheers of approval, Philippines President Gloria Arroyo assured Filipinos in Kuwait on Sunday that her government would do "whatever it takes" to protect them in the event
      Reuters; Xinhua; REUTERS  -  399 words
    • 180 9 Bloomberg [MANILA] Petron Corp and the local unit of Royal Dutch/SheU Group, the Philippines' two largest oil refiners, said they raised prices for the third time this year because of the gain in crude oil prices. Petron, the only publicly traded local refiner,
      Bloomberg  -  180 words
    • 550 9  -  NZ, Australian, Canadian Sooth African rand bonds back in favour From. Neil Behrmann in London THE global economy is struggling, but commodity currencies have soared in recent months, mainly on the back of war speculation. The charts indicate that the currencies have overshot the
      550 words
    • 324 9 HANOI Bloomberg IRAQ was the largest importer of rice last year, buying more than a quarter of the grain shipped by the world's third-biggest rice exporter. But the prospect of war there is leading Vietnam to look at
      Bloomberg  -  324 words
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  • FOCUS japan
    • 613 11  -  By David DeRosa Bloomberg THE Bank of Japan has changed its mode of operation in the foreign exchange market. It has become a ninja. Ninja are the covert operatives of Japanese military lore. You can't see or hear them coming. Stealth is their
      Bloomberg  -  613 words
    • 1177 11 The pressure on the economy a greying population will exert has revived debate on raising consumption tax Reuters [TOKYO] IT seemed a policy blunder so dire that any attempt at a repeat would be laughed out of town. The year was 1997 and Japan's
      Reuters; Photos: AP, AFP, REUTERS  -  1,177 words

  • Article, Illustration
    1066 12 Transaction date: Jan 31 I Att-wnc:>ly.Short 1 -3vrc.Low >3»rsl DfTERBAim CROSS RATES A$ C$ 0— ftr» MS Wit Ym Mm i 18 Mb Ml to* Sfr »TSM» Hmt 9Sj Aostnfia 0899 4.883 0.543 4X89 21.120 ***** 0.700 6X48 2.236 L077 ***** 31.675 1022 5X39 0.798 ***** &M 0256 0.588
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  • WORLD news
    • 555 12 ATHENS 10% rise in oil prices would lead to 0.2% growth reduction: EU Reuters Bloomberg EUROPEAN Monetary Affairs (EMA) commissioner Pedro Solbes said yesterday that a rise in oil prices to US$33-$34 a barrel was a concern for Europe's economies with downside risks to growth
      Reuters; Bloomberg; AFP FILE PHOTO  -  555 words
    • 424 12  -  UK regulators relaxes solvency ratios for insurers From Nell Behrmann in London UK and continental equities soared yesterday on news that the UK Financial Services Authority had eased the regulatory guidelines on insurance company solvency ratios. The FTSE 100 was up 3 per cent
      424 words
    • 556 12 LATEST US INDICATORS Construction spending jumps 12% in Dec, biggest gain in 10 months AP [WASHINGTON! US manufacturing expanded for a third straight month in January as new orders and production kept growing, suggesting a factory recovery is under way, an industry
      AP  -  556 words
    • 433 12 SEOUL AFP SOUTH Korean prosecutors yesterday scrapped a probe into allegations that the government of President Kim Dae Jung had bribed North Korea to stage a historic inter-Korean summit in 2000. The decision was made at the end of a day-long meeting of
      AFP  -  433 words
    • 190 12 TOKYO Bloomberg FIDELITY Investment Japan Ltd, Daiwa SB Investments Ltd and other big funds want the Tokyo Stock Exchange to conceal details of their orders to avoid other investors piggybacking on their trades. The exchange now discloses which brokerages are trading stocks
      Bloomberg  -  190 words
    • WORLDWatch
      • 75 12 AP [STOCKHOLM] LM Ericsson, the world's largest supplier of equipment for wireless phone networks, yesterday said that losses more than doubled during the fourth quarter as sales fell 37 per cent The company lost &3 billion kronor (S|l.7 billion) during the quarter ending
        AP  -  75 words
      • 70 12 Reuters [TOKYO] Japanese Prime Minister Junichiro Koizumi yesterday said he may select the new Bank of Japan governor around Feb 20. He said he would need time to pick a successor to current BOJ governor Masaru Hay ami, whose term expires in
        Reuters  -  70 words
      • 75 12 Reuters [SEOUL] LG Philips LCD Co, the world's second largest flat display maker, yesterday said it would invest more than USS2.6 billion to add a new flat panel production line to strengthen its global leadership in the product. LG Philips, a joint venture
        Reuters  -  75 words
      • 85 12 Reuters [BRUSSELS] Discount airline Virgin Express yesterday said it planned to raise up to 85 million euros (Ssl6o million) through a share issue and a loan to finance its expansion following a massive restructuring. It said it would first issue about 35 million euros
        Reuters  -  85 words
      • 65 12 Reuters [LONDON] Platinum yesterday soared to its highest level in almost 23 years, lifted by concerns over supplies of the precious metal and forecasts of increased fuel cell demand. Platinum was set or fixed in the London morning session at U*****.00 an ounce, its highest
        Reuters  -  65 words
      • 75 12 Reuters [LOS ANGELES] Trade show and conference organiser Key3Media Group, which runs the Comdex trade show, yesterday said it had filed a prenegotiated Chapter 11 proceeding, part of a recapitalisation plan. Under the plan, KeySMedia would reduce its debt by 87 per cent to about US$5O
        Reuters  -  75 words
    • 432 13 LONDON Move may force some firms to reduce declared assets THE Securities and Exchange Commission (SEC) is probing the way oil companies calculate their reserves, which the industry believes could force some companies to reduce the assets recorded in their accounts, the Financial
      432 words
    • 174 13 TOKYO AP JAPANESE workers saw their average monthly salaries shrink by 2.3 per cent to 343,688 yen (555,021) in 2002 from a year earlier the largest drop ever, the government said yesterday. The second straight year of decline in the numbers from the
      AP  -  174 words
    • 344 13 LONDON Tax frauds account for 40% of cases in '02: KPMG survey Bloomberg UK COMPANY frauds last year cost investors almost three times more than 2001 as stock markets extended declines and the economy slowed, according to a survey by KPMG International. The
      Bloomberg  -  344 words
    • 682 13 IRAQ WAR FEARS Reuters [TOKYO] If history is a guide, Japan investors should be stocking up on shares in paper makers ahead of a war in Iraq, but strategists say that this time the winners could be battered banks, steel and chemical makers.
      Reuters; AP  -  682 words
    • 725 14 NEW YORK They are forced to leverage loans for investment banking as economy is weak and credit is tight Reuters CALL it quid pro quo Wall Street's biggest banks are increasingly being required to take on the risk of
      Reuters; BLOOMBERG FILE PHOTO  -  725 words
    • 338 14 NEW YORK He was told to resign or face onster by board Reuters GERALD Levin, the former chief executive officer of AOL Time Warner, said that a long-simmering dispute with former AOL chairman Stephen Case was behind his decision to retire from
      Reuters  -  338 words
    • 319 14 FRANKFURT Reuters THE eurozone could be crowded with a total of 70,000 central bank staff, three times more than US, once the 10 new European Union members joined the single currency, a survey released yesterday showed. That would leave the average number
      Reuters  -  319 words
    • 567 15 NEW YORK Their move to define practice of law would stifle competition: govt NYT A PROPOSAL by the American Bar Association that would prohibit anyone but lawyers from giving advice about the law is drawing opposition from the federal government, which says it is
      NYT  -  567 words
    • 553 15 BERLIN This will result in saving of 3b euros a year, says report Reuters Bloomberg THE German government wants to cut unemployment benefit and save three billion euros (555.6 billion) per year in the process, German magazine Der Spiegel said at the weekend. The
      Reuters; Bloomberg; REUTERS FILE PHOTO  -  553 words
    • 494 15 LONDON Deutsche Bank, BNP seen posting lower provisions Bloomberg AFTER a year of mounting loan losses, Deutsche Bank AG and BNP Paribas SA, two of Europe's biggest banks, may be close to turning the corner. Deutsche Bank chief executive Josef Ackermann last week said lending conditions
      Bloomberg; AFP  -  494 words
    • 601 15 NEW YORK Bloomberg US companies generated their biggest revenue gains in almost two years in the fourth quarter, led by companies such as Exxon Mobil Corp, Amgen Inc and Southern Co. Revenue rose 7.4 per cent in the period for the
      Bloomberg  -  601 words
    • 721 15 WASHINGTON Proposal to eliminate taxes on dividend income finds few takers LAT-WP LESS than a month after President George W Bush unveiled his ambitious US$674 billion plan to cut taxes and spur economic growth, its central pillar is falling flat on Capitol Hill, lawmakers
      LAT-WP  -  721 words
    • 295 15 AMSTERDAM Reuters GLOBAL chip sales fell 2.3 per cent to U5512.53 billion in December and full-year revenues in 2002 showed feeble growth for the sector, according to figures published yesterday by an industry group. In 2002, semiconductor sales grew just 1.3 per
      Reuters  -  295 words

  • 1251 13 SICOM FUTURES Jan 30 RUBBER tans (CfcxtoQ prices) RSS1 (S cents/kg) Close Votaw Open Low Sett (tomes) Interest Feb 03 1*3.00 Mar 03 164.00 Apr 03 ***** May 03 ***** RSS 3 (US ctnhAq) Vil—I Open »A. p-44 11 MOfftn ffipi low son (Tonnes; inttftsx Feb 03 94J50 ioo
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  • 11 14 Transaction date: Feb 3 for more, go to uwjsjjsworienmarkets.eom
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  • Page 14 Miscellaneous
    • 206 14 CRYPTIC CROSSWORD ACROSS 27 In the same country, a penin- —I 1 1 1 1 1 1 1— sula consisting of several countries! (9) time for paint (7) Across: 1 Motionless, 6 Heel, 28 Devaluing, removing sup- 8 Hot root? (6) 10 Cubit, 11 Scarecrow, 12 port? (B) 9 City
      206 words


  • KNOWLEDGE economy
    • 3369 16  -  Who's the better person for the job, the fast-track CEO handpicked from outside or the manager who rose from the ranks? Patrick Lambe looks at the issues, the success stories and the not-so-successful stories Patrick Lambe SINGAPORE'S corporate leadership has had some bad press of
      3,369 words

  • SHIPPING TIMES
    • 256 17 Reuters THE Baltic Dry Index fell 10 points to 1530, the Baltic Capesize Index fell 25 points to 2037, the Baltic Panamax Index was unchanged at 1496 and the Baltic Handymax Index fell 28 points to 9512. TIME-CHARTER: Orange Tiger (built 1998) ***** dwt delivery Kure 11/16 February
      Reuters  -  256 words
    • 262 17 SOX '000 JmX SS w CWT Distribution 0.70 0.02 SO ChuanHup 0.44 -0.01 634 Cosco Investment —0.19 unch 44 Freight Links 0.03 unch 130 GB Holdings- 0.S9 unch 0 Jaya Holdings 0.26 unch 1045 Keppei Corp 3.62 -0.12 5602 K1 Venture 0.15 0.01 73 Keppei Tele 0.85 unch
      262 words
    • 512 17  -  Bid to develop Chinese city into int'l centre of maritime commerce By] P T Bangsberg CHINA'S largest port is being reorganised in a bid to develop Shanghai into an international centre of maritime commerce. Reforms are being directed at improving administration and management,
      FILE PHOTO  -  512 words
    • 479 17 AP [HONG KONG] Container shipping traffic slowed on Sunday at the sprawling Hong Kong, but maritime officials reported no serious disruptions as the US Customs Service began enforcing new anti-terrorism rules on cargo bound for American ports. Shipping executives emphasised that
      AP; AFP  -  479 words
    • 388 17  -  More than 30.3 m TEUs handled at major terminals last year By\ Beth Jinks [SINGAPORE] China's top 10 container ports averaged unprecedented growth of 35 per cent in 2002 collectively handling 7.832 million more TEUs than in 2001, and show no signs
      Source:  -  388 words
    • 107 17 Bloomberg [MOSCOW] Russia, the world's No 2 oil supplier, reopened its largest oil port, at Novorossiisk on the Black Sea coast, after it was closed for most of last week because of storms, the Energy Ministry said. The port loads about 900,000 barrels a day
      Bloomberg  -  107 words
    • 536 17 The former will build 4 oil tankers; the latter, 4 containerships Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co and Hanjin Heavy Industries Construction Co received ship orders worth a combined US$4lO million, benefiting from a rebound in global trade and demand for safer oil
      Bloomberg  -  536 words
    • DVT research
      • 927 18 An investigation to prove whether or not the syndrome known as deep vein thrombosis (DVT) is related to flying is being delayed by airlines' uncooperative attitude, says a WHO researcher Reuters [LONDON] AIRLINES are dragging their feet in co-operating with a study on
        Reuters; REUTERS  -  927 words
    • 3 18
      3 words
    • 4468 22 THEBUSINESSTIMES eta ETA Advertiser VnM Vo»ao» T«nu SIN Dest'n Namt None 3T M/03 22/03 LilyMarlna EMPRESS LILY 0203 ******72** To MALTA (MTA) 2449 M>ltt 11/02 05/03 CMA COM CONTSHIP LONDON VOX ******7100 To MANAUS (MAO) 2234 Brazil H/02 20/02 Dongnama BOX CROWN 004N iwma K/02 01/04 MOL MOL
      4,468 words
    • SHIPS IN PORT
      • 426 25 Vessel Voy No Berth Arrival Departure JURONG PORT LOVE SONG 47 J24 A/SIDE 03/02 1800 ORIGINATOR E416 J1S/16 A/SIDE 03/02 1800 SENBOKU ACE 81 J7 A/SIDE 03/02 1200 BRAVE PESCAD 31 J5 03/02 1700 04/02 1500 PASIR PANJANG WHARVES DARWINVICTOR ***** PW1A 19/01 18:00 19/01 20:00 C WELGROW
        426 words
      • 2291 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth 1 Name Voy Voy seq berthing Nmbr I *a BAHUA 05BS 05BS 1 QMB*****840 QMBQ003-1730 W ACX HIBISCUS 075N 075N 0*«2/2003 2300 0502/*****740 TM 1 «OWBUT 052N OHN 1 **********:00 **********40 AMNAOAW 09M OSW 1 **********40
        2,291 words
      • 148 25 Jan 31 Hong Kong: Lunar New Year*! Day. Korea: Lunar New Year's Day. Fetal 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 New
        148 words
      • 769 25 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated. The Cockett Bunker Price Index change and
        769 words
      • 500 25 Carton 180 Mai 977 J 0.4 6.1 0.07 37 0.04 JM 23 Dtwttt Water Residue AsMImMmi Sodtoent No above E2S 0 0 1 0 0 0 ZTTT 380 Aw 983.7 0.2 ttl 0.05 23 0.02 In, 380 Mai 994.4 2.0 182 0.09 S3 0.07 u/tfJ %n*
        500 words
    • AIR & LAND transport
      • 680 26 Colombia disaster leaves Nasa with just three manned spacecraft Bloomberg [WASHINGTON] Boeing Co and Northrop Grumman Corp may be asked to speed development of a replacement for Nasa's ageing fleet of manned spacecraft after the destruction of the 22-year-old Columbia shuttle
        Bloomberg; AP  -  680 words
      • 464 26 Six-month curb on nailing bonds, falling sales have hit its payment schedule Bloomberg [TOKYO] Japan Airlines System Corp may ask Mizuho Holdings Inc and other creditors for more time to pay 116 billion yen (Ssl.7 billion) of debt due
        Bloomberg  -  464 words
      • 431 26 Bloomberg [DUBLIN] Ryanair Holdings pic, Europe's No 2 nofrills carrier, is in talks with Boeing Co to increase its jetliner order as the airline opens new routes and bases to meet projected passenger growth of more than a third. The carrier
        Bloomberg; AP  -  431 words
      • 214 26 Reuters [PORT OF SPAIN, Trinidad] Trinidad and Tobago's financially troubled national airline, BWIA, is laying off more than 600 workers, cutting staff by one-fourth, the airline management said. The carrier began sending out retrenchment notices last week to 617 workers at its
        Reuters  -  214 words
      • 160 26 Bloomberg [SYDNEY] Qantas Airways withdrew plans to introduce time-keeping devices that scan workers' finger prints, averting a strike by some baggage handling and aircraft servicing employees in Melbourne, union officials said. Qantas, Australia's largest airline, had given its 600 baggage handlers and cleaners until
        Bloomberg  -  160 words
      • 229 26 AP [PARIS] Dutch holding company IMCA announced that it will not acquire troubled French airline Air Lib, after trade unions rejected plans for a 30 per cent rise in productivity, the airline said. After the announcement, however, the airline's unions were rallying
        AP  -  229 words
      • 1966 26 qrr wan m wan a i mn4i 1*229 2245 GotaQZfcM $0603 1910 C2352 0035 $0229 2245 g» tHS MM Ml Imtiriim $023 0635 CA974 0130 ****** 1325 SO/VWT76 1035 UUT 5» nut 2330 ttfmn $024 2345 MW Itm 845 itftto $0347 0630 CM MM City **741
        1,966 words
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  • Page 18 Advertisements
    • 531 18 NORTH AMERICA GULF/INDIA SUB-CONTINENT (SUPER SHUTTLE EXPRESS (SSX) IQULF KARACHI EXPRESS (OKX) I vnsa vor lgo m no vcsa vot ju da* mm an OOCI JAPAN 64W07 11/01 05/07 oST HAKUOAMAIU IN IS/01 10/tl 22/0 I 10/01 00a NFTHEIIAMDS 42W03 25/01 00/02 11/02 PtO NBUOTD DMAI Ml 27/tl 73/01 7A/01
      531 words
    • 693 18 l*** 4 servtcas represented by Members of the Regislry of Accredited Shipping Agente, \»n.y Sngapore Shaping AssociaHon Members of tKe Singapore Logistics Association g LILY LINE MALE rasa vot it* rr* fu f. KLAUG SfOtl MAli Empress Lily 0103 07/02 08/02 16/02 Princess Uty 0203 24/02 25/02 05/03 Empress lily
      693 words

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    • 1013 19 TO USA (SAX SERVKD VESSEL VOY SIN ETA LAX OAK DAI HOU CHI COl MEM An NTC AfL HOLLAND 114E 05/02 20/02 24/02 2S/02 25/07 15/07 75/07 75/07 71/07 20/02 API ENGLAND 116E 12/02 27/02 03/03 04/03 04/03 04/03 04/03 04/03 07/03 07/03 API CANADA IIIE 19/02 06/03 10/03 11/03
      1,013 words
    • 1698 19 CAU T coiombo 4 days gooai MamjH m kwrmm n 112-00umjmmm: miosis;/*] ml 42M5121/241 COSTAR SHIPPING PTE LTD <"*"<*< <»*"* out*m»co/u mwjw 42iosi2s/7s I UMiii init nmvc awy II7I7WOOMMI til 4774 itoe(*aji<) mwmdcd/oi MIOS7M 4?MSiif/4« I BANDAR ABBAS 12 DAY) T/SMT MT *****02S *****114/44 I JOHOt'S OfFW: (ONVWTNMAI M7OSIM *****704
      1,698 words
    • 615 19 ysstl VOY SIN StG JKT \mtrn W?BQ 124/1 M Mfl 0 0 l/H ULA IHUM 2515 IT ff/1 ~ff7T~ GANTAtHUM WQ72 131/1 I S/7 i/7 I OMIT j OMIT I OMIT LIU IHUM 797S 1/7 4/2 5/2 Ihmsaihum imi i y/2 112/7 113/2 1 it/? 1 122/2 i|uuTihum W3S 11/2
      615 words

  • Page 20 Advertisements
    • 744 20 HYUNDAI MERCHANT MARINE CO., LTD. Hwmi: www.h—2l.to« O MO. 1Z*****0000H |vesa vot |sw sou ia w I <mr ww Itv 1 [rasa vot I sou I iat| to |aw nam |bh TT" RKKADViNMMI 01JW 14/01 14/01 IS/01 10/01 11/01 APIAGAIE 1101 N/ll 01/01 03/01 11/01 NT FtEEDOM SIIW 17/01 11/01
      744 words
    • 1180 20 WAN HAI MIBtNADONAL PTI LTD am lutromo/* V" A Ml .p r ra.*»lsM (14IMS) FAX:*****163 VNxWAN HAI LINES Kfi&s&KKsass-i 1U n^mßiwnwLflnßMßiaKinDatMnwLinDimnviitiw l-i "fcwuswwwt•nissvanm«.thm/tubi ootnun wwi.wmmi.iw. I m. m i wm > <?*» I w «WT rn TTB K» WW wo m Iwwwherhricrl Hv iifi nrar pr-iw--Tmr-iir |mmi?ii iib -I mm
      1,180 words
    • 578 20 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICO PONTTS WMB VOT Mi MUM* COtOMOO M.SMYM COUMMO Mttftnm TWWIS vim jim» bfb is fa mm MMttO MIS m» ISfB Wfß Ufa liW nowahnboc oiw iifb iiia Ufa ma nia lISMSIB SOIOW 17FB 118 73f8 HFB II
      578 words

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    • 1075 21 IVfSSa VOY KHH HKO I SIN FKL I PXS Ml DMM MK RAN TEHRAN PCL 297 04/02 05/02 OS/02 09/02 16/02 17/02 26/02 21/02 M.V. UNOAVIA PCL-298 12/02 U/02 16/02 17/02 24/02 2S/02 06/03 04/03 MAN KERMAN Pa 299 19/02 20/02 23/02 24/02 03/03 27/01 12/03 14/03 MAN ISFAHAN Pa
      1,075 words
    • 498 21 i k UK CONTINENT SERVICE Loednglor ORIGINATOR ROM/ATW/BMNAJK/NAN Load* Sh ignore. EVW Mataysa. Indoresa MIDDLE-EAST SERVICE Loading tar MADRE 081/ABU/DOH/BRN/DMM/KWT MARITIME FAITH AON/HCXVJDH VOYAGER V DBl/ABU/DOH/BRN/DMM/KWT Toads Sngapore, E7W Mtoay—. Indonaato USA SERVICE Loading tar NAUTIC CONFIDENCE CAM/NFK/SAV/NOL •Loads E7W Matayaa. Indoneaa F.E./S.E.A. SERVICES Spore Loadtng tor MARITIME VICTORY INC/BSN
      498 words
    • 746 21 vbhl m a EBi jassa m a «t *u»m am azu aziL_ -ekjau m* m/»i wm 3»7»i 31/01 BM Ulk U/K mm mum* mm ti/w 02/02 mi mm ncmt «7» 03/02 03/02 rxwwMi tw mm nami «M am mzc »*< UNO* mm 05/02 M/ 02 iMliMl I MMD I mm—
      746 words

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    • 208 22 L..^ KY Q WA ..H N J E Yd ¥>y Nw Kur Ibfc Kimi «M«» Colifornio Seootor 951E 11/02 20/02 26/02 27/02 Colifomio Senator 951E 11/02 26/02 08/03 10/03 11/03 London Seootor 954E" 18/02 26/02 08/03 T0703 TT/03" London Senator 954E" 18/02 12/03 23/03 25/03 27/03 London Senator 1875? 06/03"
      208 words
    • 200 22 CWT GLOBELINK PTE LTD M OWN Officii IN TEL:*****833 (36 LINES) FAX:*****742 SYDNEY MELBOURNE PENANGPORT KELANG PASIR GUDANGKUCHINGBANGKOK KARACHI BOMBAY M. NEW DELHI COLOMBO HO CHI MINH CITY HAIPHONG HANOI BREMEN HAMBURG TIANJIN QHHGDAO SHANGHAI XIAMEN fUZHOU-OALIAN-XIAN BEIJING SHI JIA /HUANG WEEKLY DIRECT GROUPAGE SERVICE TO CENTRAL SOUTH AMERICA MANZANILLOIMEXICO
      200 words
    • 259 22 BSA X MYANMA HB FIVE STAR UNE (MytHMr NatiMd Um) IM*| Im YoMfM vtisa vor sm m m nu CHM SNWi HW MW SID PAGAN VJO6W SU IN MAUTSIA: BOUSTIAO StMPfIHC AGCNOfS KUL 03-*****300 ftL 03-3174*101 fOt 04-*****02 BANK LINE (A wrto tl hmkvm tttppjg) NORTHtOUND TO IUKOTt V CONUMBt,
      259 words



  • Page 25 Miscellaneous
    • 124 25 11DE 4 LEGEND: Issued by Meteorological Services Division, NEA K Thunderstorm Showers o y^\ Rain emperature wind direction and speed in knots Cloudy Day Wea,her cx Ha2v Wind speed symbols 563 Conditions O Full circle w/o line indicates calm or light and variable winds j m One half fleche represents
      124 words