The Business Times, 13 February 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 MITA (P) 010/03/2002 85* THE BUSINESS TIMES SINGAPORE I Internet: http://business-times.asial.com.sg THURSDAY, FEBRUARY 13, 2003
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  • 742 1  -  They urge Ase&n pins 3 to raise oil stockpiles fast From. Anthony Rowley in Tokyo WITH the threat of imminent war in Iraq, another major oil crisis "may already be in the making" and Asia is not well prepared
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  • 954 1 Investors worried about their rights as shareholders of such companies [SINGAPORE] Bermuda isn't just known to Singaporeans for the mysterious disappearance of aircraft and ships in its surrounding waters. The group of islands in the Atlantic Ocean has also been an
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  • 60 1 Wednesday Change KLSE COMP Closed NIKKEI 225 8.***** ***** HANG SENG 9.***** +***** SET INDEX ***** +1.12 JAKARTA COMP Closed MANILA COMP .1.***** 340 TAIPEI WPI 4.624.87 +5.89 SEOUL COMP 583.29 +7.31 SHENZHEN B ***** +3.30 Al'ST ALL ORD *****0 +7.10 BOMBAY IND __3i47.5l 1396 1 lam EST Change
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  • 73 1 FOREX RATES Ul$ M IS5|S$pfftSSl I7t* S(l 5»SSprrS|_ l«S4 t»iA mWllS&S&El LOTS |NH YE\ 121 a aw RM aw ii« HKS BAKT ttU J156 Rt PI AH i.l<* RENMINBI 172 INDIAN HI HE «7 Tt 27 IS RlHWIlMM PRIME RATES SINGAPORE* 5jK Kl ALA Ll'MPTR 6 40 HONG KONG
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  • 529 1 Reuters, AFP [WASHINGTON] US President George W Bush has "somewhat of a difference" with Federal Reserve chairman Alan Greenspan over the need for an economic stimulus, with Mr Bush favouring early action, the White House spokesman said yesterday. Ari Fleischer
    Reuters,; AFP  -  529 words
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  • NEXT page
    • 697 2  -  exclusive] 'Best' package probably means best for agent, not the borrower By I Siow Li Sen [SINGAPORE] Did you think your housing agent recommended the best home loan for your purchase? Actually, it often was the best deal for the agent, that is.
      697 words
    • 680 2  -  Mnsharrafs adviser makes pitch for financial sector By Catherine Ong [SINGAPORE] Pakistan's top financial officer has urged Singapore businessmen to invest in his country, saying that its economy is on the mend and its financial sector is now completely free from foreign ownership controls. Making
      680 words
    • 419 2  -  Bigger companies achieve better 5-year growth profiles, it finds Wang Wei Kong (SINGAPORE] Stay with big-caps, says Salomon Smith Barney after an analysis of Asian corporate earnings in the past 20 years. "In the post-crisis period, the normal expectation that smaller companies would show
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  • Page 2 Advertisements
    • 141 2 Toasting our top money managers I The 2003 Investment Fund Awards, to honour the managers of the top performing funds, will be held on Friday, Feb 21, at the Island Ballroom Shangri-La Hotel. The guest of honour will be Mr Hsieh Fu Hua, CEO designate of the Singapore Exchange. This
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  • SINGAPORE companies
    • 592 3  - SembCorp unit hopeful of snaring oil gas orders pn^xclusive SMOEhas pre-qualified for several tenders for offshore platforms By I David Boey SEMBuUKr industries energy unit, SembCorp Utilities, hopes to boost its order books this year by clinching a host of oil and gas deals. SMOE, the oil and gas division
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    • 195 3 Bloomberg [MANILA] Globe Telecom Inc, the Philippines' secondbiggest mobile phone firm and an overseas associate of Singapore Telecom, has denied a report that it may be forced to pay the state gam ing authority a fifth of its revenue from games played on
      Bloomberg  -  195 words
    • 708 3  -  ■BSfllocksiew angela tan WHY has the share price of Raffles La Salle, a Singapore arts and design school, surged more than four times taking into consideration a share split to 54.5 cents since its debut on the Singapore Exchange in January last year, while
      708 words
    • 302 4  -  147 m shares meant for merger with Hangzhon Kingsea Byy Vince Chong EWorldofSports.com (eWOS) has secured in-prin-ciple approval from the Singapore Exchange for the listing of new shares in connection with its proposed merger with Chinese firm Hangzhou Kingsea. Based in
      FILE PHOTO  -  302 words
    • 667 4 Hotel owners more willing to sell in current uncertain political climate Bloomberg RAFFLES Holding Ltd, which runs the Watergate Hotel in Washington, DC, may benefit from the threat of war in Iraq as it seeks to expand in cities from Miami to
      Bloomberg; FILE PHOTO  -  667 words
    • 176 4 Reuters [MELBOURNE] Telstra Corp Ltd, Australia's dominant phone company, declined to comment on Wednesday on a Singapore newspaper report that it was in talks to buy the Yellow Pages arm of Singapore Telecommunications Ltd. "We don't comment on market speculation or rumour," spokesmen for
      Reuters  -  176 words
  • Page 3 Advertisements
    • 71 3 pnw WHw^B^—c.i'iHP Bflp Jmo|H# -fl -y 9 t *2 i i "^r'!.? > i*c-/" \IS V M t t fl :C < M V mM^m^amtts^M*.——» j igjsgg -3® i The American Express® Card comes with one number that can get you emergency assistance in your language. Good to know when
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  • Page 4 Advertisements
    • 139 4 Chaping the future of information delivery Seminar Date: Thursday, 20 February 2003 Time: 9:00 am -12:00 pm Venue: Grand Hyatt, Hibiscus Room Secure your place now! It's FREE. E-mail: Events@Kentßidge.com.sg Tel: (65) 6777-6370 Fax: (65) 6415-1419 Places for the FREE Seminar are strictly limited and allocated on a first-come-first-served basis.
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    • 1095 4 /F DQ Ei)o HOLDINGS UMITfD I NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 15 Kian Teck Crescent, Singapore *****4 on 28 February 2003 at 10.00 am for the following business:AS ORDINARY BUSINESS 1. To receive and
      1,095 words

  • Page 5 Advertisements
    • 240 5 2003 Fu|itsu All rights reserved W'i" t ">j~—r t r > 1 *t "T s i' N pr i r—• «r s v t*r i i 11 1 f Servers I IT Consulting f —UNIX 1 > r j Enterprise Application Integration ►Storage 1 II V Application Package Deployment »v
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  • EXECUTIVE suite
    • 514 6  -  Owners are increasingly putting their properties up for auction, finds Andrea Tan Andrea Tan AUCTIONS mean fire&le prices and distressed properties? Think again. Increasingly, owners are putting up their homes, offices and factories for sale at auctions. Last year, the value of properties sold at auctions
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    • 579 6  -  GARDENER'S By Thien JUST like sketching the big picture, I like working with the trees and bigger plants in our garden, while wifey loves filling in all the in-be-tween details. That's how we've managed to garden quite harmoniously at least most of the time in our
      PHOTOS BY THIEN  -  579 words
  • Page 6 Advertisements
    • 472 6 Collective Sale of CHUAN COURT Dm#4 L f IVL (Within 250 m of proposed Lor Chuan MRT station) HMfl i Tenure: 999 years I L«r Chna MRT Ouhcrn r r n. < nr Land Area: 52,183 sqft y% 5,Q, 5" rr [Jf MP9B Zoning: 24-storey (max) ViiSMyi m Residential at
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    • 212 6 St.Valentine's Day yayW 1 A Fobruttry 3003. Friday 14Jhen Venus met Mars As Venus and Mars reunites, sparks fly soar like comets breaking into the planes of our once monotonous lives! Get out and get ready for the big day, where liars are forgiven and mush is no longer a
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    • 192 6 Lunch 11.30 am 2.30pm Japanese Bento Sushi Yr- Delivery I sushi l> Japanese Bento coll 6253 077^] Weekdays 955.90" (AAJI) $12.90* ((Ud »lynt below) Weekends Public Holiday $*5.90" (Admit) 115.90* (Chßd la jt» below) Includes FREE FLOW of Coll 6324 0218 for reservation f* f (Jkd 52 Pagoda Street (Near
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    • 53 6 f~l ME RITUS MANDARIN SINGAPORE T BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes VT' to leave you spoilt for choice. Reservations: 6831 6271/72 MERITUS MANDARIN <»»«* 333 Orchard Road. Singapore *****7 Tel: +65 6737 4411.
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  • SINGAPORE news
    • 309 7  -  Three S'pore contractors to be involved in development By Loh Hui Yin HDB subsidiary Cesma International has won a $70 million contract to build the first phase of a township in India, and will take along three Singapore contractors to work on
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    • 167 7 THE BT-Muawanatul Fund, set up to raise money for the family of abused Indonesian maid Muawanatul Chasanah, has notched a total of $47,000. In a recent ceremony in Surabaya, $1,000 from the fund was handed to her father, Sunarto, by Heartware Network's chairman Richard
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    • 377 7  -  exclusive Franchisee Royal Clicks targets opening in April By' Vince Chong POPULAR Spanish label Mango will make its debut at Centrepoint Shopping Centre, set for early April, with the promise that the 3,200 sq ft store would display the brand's full collection. The
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    • 238 7  -  on the economy cargo By Serana Ng THE volume of sea cargo handled in Singapore grew 7 per cent in 2002 from a year earlier to 335.1 million tonnes, figures from the Maritime and Port Authority show. Last year's volume also exceeded the
      Source: MFA  -  238 words
  • Page 7 Advertisements
    • 172 7 I. Your Treasures Relationship Manager true treasures. v, j.' The Year of the Goat, ranked Bth in the Chinese zodiac, is an auspicious one, symbolising prosperity. And as always, your Treasures JML Relationship Manager is dedicated to help you enhance your wealth with our comprehensive advisory sen/ices and innovative investment
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    • 828 7 ILLIES SOUTH EAST ASIA PTE LTD On Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50 that the Final Meeting of the members of the abovenamed Company will be held at Valentinskamp 18 ***** Hamburg Germany on 14 March 2003 for the
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  • EDITORIAL & opinion
    • 773 8  -  [fe I bottom line OPINION robert samuelson The Washington Post Writers Group WASHINGTON develops its own languages, including "budgetspeak". It is the specialised vocabulary that politicians and the press use to discuss the budget Its purpose is to conduct a vigorous budget debate, with each
      The Washington Post Writers Group  -  773 words
    • 61 8 'We have laid the cornerstone of a unified coherent theory of the cosmos.' Charles Bennett an astronomer, on the unveiling of a map of the universe at the beginning of time that confirms the Big Bang theory. 'I think there is no longer any credible alternative to
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    • 642 8 EDITORIAL IMPROVING corporate governance is the stated goal of most companies and every effort is being made by regulatory agencies to ensure that prompt and useful information is delivered to shareholders of companies. But what about unit trust holders? Although the reason anyone buys into
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    • 1073 8  -  Greenspan came np with another theory on Tuesday enabling him to take policy where he wants to take it By Caroline Bloomberg USUALLY, it's the congressional committee members who pepper Federal Reserve chairman Alan Greenspan with questions about fiscal policy when he goes up to Capitol Hill
      Bloomberg; REUTERS  -  1,073 words
    • 662 8  -  MAILI^m Tan Chade Phang, Roger Managing Director Ascend Technology Partners I REFER to the articles "Creative's Nasdaq delisting may be positive in the long term" and "Creative Plans to Call it Quits on NASDAQ" (BT, Jan 30). The first article claimed that delisting may be
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  • Page 8 Advertisements
    • 99 8 Fax your letters to 6319-*****r email them to btletterQsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear In mind libel laws. We reserve the
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  • REGIONAL news
    • 572 9 CHINA FORAYS Report cites shareholder resistance, bank's shaky reserves [SHENZHENJ Newbridge Capital's landmark bid to acquire control of China's Shenzhen Development Bank appears to have stalled, the Asian Wall Street Journal reported yesterday, citing sources. Concerns raised by both parties have caused the delay, the
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    • 416 9 BEIJING It's in stake sale talks with firms in HE, S'pore Bloomberg CHINA Reinsurance Co said it will reorganise into three units that will sell stakes to foreign investors, to help it compete with Munich Re and rivals following the loss of its
      Bloomberg  -  416 words
    • 219 9 HONGKONG Reuters GERMAN luxury car maker BMW AG said yesterday it is not worried about a messy ownership wrangle at its Chinese partner and expects Beijing to grant final approval soon for its mainland joint venture. "We want to have the first BMW
      Reuters  -  219 words
    • NOTEBook
      • 100 9 Reuters [JAKARTA] Indonesia said on Tuesday that it will have to relaunch the sale of a majority stake in state-owned pharmaceutical Firm PT Indofarma due to poor investor interest. "There are (internal) reports that two investors have withdrawn and only one is left," State Enterprises
        Reuters  -  100 words
      • 99 9 Bloomberg [HONu KONG] First Pacific Co said it will slash its US$lB7 million debt by half using proceeds from the sale of most of its stake in one of Manila's biggest property developments. It is selling control of Bonifacio Land Corp to Ayala
        Bloomberg  -  99 words
      • 55 9 Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra (right) yesterday said his government had set a target of 6 per cent growth in gross domestic product for this year. The figure compares to estimated growth of about 5 per cent last year and 1.9 per
        Reuters  -  55 words
      • 90 9 AFP [TAIPEI] Taiwan's cabinet yesterday approved a proposal to lift restrictions on foreign investment in the rail transportation sector as part of efforts to liberalise the economy. "The passage of the proposal displays the government's determination to give the economy a shot in the
        AFP  -  90 words
      • 73 9 Reuters [BEIJING] A Chinese city is planning to sell state firms with nearly US$l billion in assets to foreigners and private investors in a bold move to shore up the ailing sector, officials said yesterday. The north-western city of Xi'an, home to the fabled
        Reuters  -  73 words
    • 361 10 JAKARTA, NEWDELHI Indian airlines asked to prepare contingency evacuation plans AP INDIA'S state-run airlines have been asked to prepare a contingency plan to airlift Indian workers from the Middle East if war breaks out, while in Jakarta, a government team is leaving for
      AP  -  361 words
    • 272 10 BANGKOK Thai businesses targeted in Jan 29 rioting suffered 2b baht in damage AFP TAX concessions have been mooted as a way to compensate Thai businesses damaged in anti-Thai violence two weeks ago in impoverished Cambodia, officials said here yesterday. "There are
      AFP  -  272 words
    • 145 10 BANGKOK Bloomberg THE Thai Government Pension Fund, the nation's biggest retirement fund, plans to invest an estimated four billion baht (*****.8 million) more in local stocks, betting that the growing economy will boost companies' profits. The fund, which manages about 191
      Bloomberg  -  145 words
    • ASIANotes
      • 79 10 Bloomberg [TAIPEI] Taiwan's Centre for Disease Control made 2.8 million new doses of smallpox vaccine using stocks frozen for over 20 years, and may buy more overseas to prepare for possible biological terror attacks. Taiwan, with a population of 23 million, plans to start vaccinating
        Bloomberg  -  79 words
      • 73 10 Reuters [BEIJING] China's Central Bank governor Zhou Xiaochuan said that gross domestic product grew by 8 per cent in 2002, state media reported yesterday. Exports grew by 22.3 per cent and imports grew by 21.2 per cent, the China Securities Journal quoted Mr Zhou as
        Reuters  -  73 words
      • 55 10 Bloomberg [TAIPEI] Royal Philips Electronics NV will set up a data-storage venture with Benq Corp, Taiwan's No 1 cell-phone maker. The company, in which Philips will hold 51 per cent stake and Benq the rest, will have an initial capital of US$2O million The venture
        Bloomberg  -  55 words
      • 34 10 Bloomberg [HSINCHU, Taiwan] Taiwan Semiconductor Manufacturing Co, the world's largest supplier of made-to-order chip 6, said that January sales rose 9 per cent to NT$l3 billion (SI6SS million). Bloomberg
        Bloomberg  -  34 words
    • 593 11 HONG KONG Critics slam sloppy explanation of bid to bny ont Britain's Cable Wireless AP TYCOON Richard Li is known in Hong Kong as "Little Superman", after his father, the billionaire Li Kashing, who's called just plain "Superman". But instead of leaping over
      AP  -  593 words
    • 309 11 BEIJING AFP Reuters, AFP THE real number of jobless Chinese is more than double the official figure and their prospects of finding new work are growing worse, the official China Daily said yesterday. This has led to a warning by a government minister
      AFP; Reuters, AFP  -  309 words
  • Article, Illustration
    1094 9 Transaction date: Feb 11 MTBEBAMM CROSS RATES AS O W tw H>$ Mb tepWi Hi In 1 IS Mh fin SS 0— Sir ITS Oatt Pmmt W A«traia 0.901 4.890 0.550 4595 28.117 52.906 0.715 7.124 2.239 1075 34.097 3L738 LOIS 5.040 1006 20.529 25.425 1363 0209 Canada 1109
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  • Page 9 Advertisements
    • 734 9 —s»moi Full nomine*, management corporate secretarial, banking and professional administration JOTIMS ar« available. We also specialize in offshore trusts, offshore banks, and captive t W insurance companies for qualified applicants. 1 I For further information and immediate service please |J I contact. Marie Lim or iohn Ashwiood 9 OFFSHORE CORPORATE
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    • 112 9 Awn Fteonvonm 20& M»di IWi ***** Calling all CEOs and Simulation System users! Is your Simulation System meeting your needs? How sure are you that your operation is performing at the best condition? Come! Join us for a day. i| Bill Nordgren, CEO of Flexsim Product Software, Inc. will tell
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  • Page 10 Advertisements
    • 49 10 •:?BwsB>s*«sv'v -> I «i*, "i i f t 'jt i v.' A a fl The National Theatre, located at Taiwan's Chiang Kai-shek Memorial Hall, is renowned as a focal point of ancient and modern Chinese opera and drama. A more enlightening experience is hard to imagine. A W www.taiwan.net.tw TouchYourHeart
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    • 685 10 i j IN THE MATTER Of THE COMPANIES ACT, CAR 50 AND IN THE MATTER Of SOON BEE TEXTILE (PTE) LTD (Incorporated In Singapore) (In Villilm j Liquidation) At an Extraordinary General Meeting of Soon Bee Terite (Pto) Ud duty hetd at 89 Short Street 109-03 Golden MM Centre SngaporelBB2l6on
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  • 1244 11 SI COM FUTURES Feb 11 IUM€I Ftfvtt (CM* Irictt) KSKScwtsA?) Close Vofcme Open Month Low Sott (tonnes) Mgrt K* 03 166.00 Apr 03 169.00 M«y 03 169.00 Jw 83 169.00 RSS3(UScMb/hg> Volume Open Mwt* HW Low Sott (taints) Interest MV 03 9*00 94.00 94.00 200 1700 Apr 03 9525
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  • Page 11 Advertisements
    • 272 11 The Business Times Weekend Edition You don't work on Saturdays? Get it at home! Pfliil **lhii r 18 m Saturday-only home subscriptiofi kbW^MHHkStanly $45 (for 52 issues) You know us for our weekday exclusives, company news and market analyses. Now enjoy BT over a Saturday morning cuppa at home as
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  • WORLD news
    • 568 12 WASHINGTON High unionisation rate brings lower unemployment and higher productivity, says study Bloomberg Reuters, A COUNTRY'S economy may fare better if a large number of its workers belong to trade unions, the World Bank said in a study that marked a departure from the
      Bloomberg; Reuters,  -  568 words
    • 235 12 Reuters, Bloomberg [LONDON] Britain's Hilton Group pic is considering approaching fellow hospitality firm Six Continents pic, owner of the Inter-Continental hotel chain, about a possible merger of the two hotel groups, the Financial Times reported yesterday. The newspaper said without naming sources that
      Reuters,; Bloomberg  -  235 words
    • 456 13 WASHINGTON Their plans include trade sanctions on France, cutting US troops in Germany LAT-WP, AFP US LAWMAKERS, angry over French and German opposition to the US' Iraq policies, are considering retaliatory gestures such as trade sanctions against France and the withdrawal of US
      LAT-WP,; AFP  -  456 words
    • 472 13 NEW YORK LAT-WP, Reuters, AFP US NATIONAL Security Adviser Condoleezza Rice met chief UN weapons inspector Hans Blix on Tuesday to press him to acknowledge in a crucial Security Council briefing tomorrow that Iraq has failed to voluntarily scrap its prohibited weapons programmes, according
      LAT-WP,; Reuters,; AFP  -  472 words
    • 267 13 ATLANTA Bloomberg COCA-COLA Co, the world's largest soft-drink maker, said yesterday that fourth-quarter net income rose 1.8 per cent, helped by sales of new beverages such as Vanilla Coke in North America. Net income increased to US$93O million, or 38 US
      Bloomberg  -  267 words
    • 352 13 Reuters, Bloomberg (LONDON] The world eoflttmy will expand by 3.1 per cent thisfHL less than was forecast a mgotMplKt war with Iraq would have only T modest impact on global growth, the Economist Intelligence Unit (EIU) said in a report on Tuesday.
      Reuters,; Bloomberg  -  352 words
    • 501 14 STOCKHOLM Swedish mutual funds group blames weaker equity markets for surprise Q4 results Reuters, Bloomberg THE chairman of Swedish mutual funds group Skandia stepped down yesterday as the group reported a fourth-quarter operating loss instead of an expected small profit. The company said it saw
      Reuters,; Bloomberg; BLOOMBERG  -  501 words
    • 268 14 LONDON Bloomberg ABOUT 72 per cent of countries participating in a 59nation survey plan to adopt international accounting standards, which make financial statements more comparable, according to the world's six largest accounting firms. More than 90 per cent of the countries surveyed said
      Bloomberg  -  268 words
    • 341 14 Bloomberg [NEW YORK] Enron Corp creditors stand to recover as much as US$5 billion in assets that may have been illegally transferred off company books, a bankruptcy examiner says in a report obtained by Bloomberg News. Citigroup Inc. J P Morgan
      Bloomberg  -  341 words
    • 315 14 NEW YORK Reuters NEW rules aimed at curbing companies' practice of touting earnings by stripping out charges will likely shave as much as 10 per cent off earnings estimates for the Standard Poor's 500 index, ÜBS Warburg said in a report. That, in turn,
      Reuters  -  315 words
  • Page 12 Advertisements
    • 316 12 HIGH POINTS OF WESTERN CLASSICAL MUSIC One of the world's top early music Explorations: Pre-performanc« ensembles, their performance on talk by William Christie 18 Feb features extracts from Purcell's Concert Hall Main Foyar, 19 Fab, 6.30pm The Fairy Queen and Rameau's (Free admission) Les Indes Galantes and on 19 Feb,
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  • 11 13 Transaction date: Feb 12 for more, go to iirwwMsiaonenrnarketsxom
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  • Page 13 Miscellaneous
    • 312 13 CRYPTIC CROSSWORD 8 Wind-direction indicator is a 9 Made out it was iortibfy re- gg H[ Jg 9l H 11 Grammarian has this word 12 Large rock turned round (3) 13 Upper classes go to compos- I I I I I I I I er who avoids hard stuff (9)
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  • Page 14 Advertisements
    • 271 14 The many degree courses offered at Informatics Group Centre for Open Learning are recognised by the finest Universities and institutions around the world. They give you the qualifications an d credentials needed to succeed in life. I USQ H UNIVERSITY OF SOUTHERN QUEENSLAND p Established in 1977, the University of
      271 words

  • Page 15 Advertisements
    • 135 15 r x v V Ik -^n HV fl K, I W R b J| V ''H Send a little message to a love that will leave no room for doubt. This sweet little cake* comes beautifully packed in w a transparent plastic box emblazoned with the message "I Love You".
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  • BIZIT
    • 679 15  -  Continuous fall in costs of storage hardware driving growth here and in the region By. Amit Roy Choudhory SINGAPORE Firms are projected to spend US$94.23 million on external storage in 2003, according to research and consulting group International Data Corp (IDC). For
      679 words
    • 156 15 Reuters [CUPERTINO, California] Apple Computer Inc said on Monday it will begin selling Apple-branded data storage alongside its computer servers for businesses, venturing for the first time into data storage. Apple also said it cut prices on its XServe computer server, which it introduced last
      Reuters  -  156 words
    • 486 15 Boeing, group of global airlines poshing to offer in-flight Web access Reuters [SAN FRANCISCO] Travellers will soon be able to surf the Net and send e-mail from thousands of feet in the air as Boeing Co's Connexion business unit and a group of
      Reuters; REUTERS  -  486 words
    • 697 15  -  liicomment INFOTECH The fact is that, from a tech perspective, it already has kenneth james WHEN Business Week magazine came out with a special report on the teleeoms sector less than two months ago, the tone was decidedly upbeat. "Yes, teleeoms' historic
      697 words
    • 271 15 Reuters [SAN FRANCISCO] Gordon Moore, the computer pioneer who four decades ago predicted the explosion in transistor power driving the electronics revolution, said on Monday he sees at least another decade of progress ahead. Mr Moore, 74, the creator of "Moore's Law",
      Reuters  -  271 words
    • 816 16  -  Revenues increased 27 per cent in half-year to December, and new N1 strategy should keep momentum going, regional chief Lionel Lim tells Elgin Toh t-ii exclusive Elgin Toh SUN'S still shining in Asia South, going by the latest growth figures revealed by Sun
      FILE PHOTO  -  816 words
    • 298 16 Reuters [TAIPEI] Taiwan's BenQ Corp and Dutch electronics giant Philips Electronics NV said yesterday they would set up a joint venture to make optical storage products with an aim to double their market share within 18 months. The companies said they
      Reuters  -  298 words
    • 107 16 Reuters {TOKYO] A subsidiary of Nippon Telegraph and Telephone Corp (NTT) and the Japanese unit of Cisco Systems Inc said yesterday they would cooperate in information technology (IT) services for small firms and local governments. Bringing together NTTNeomeit Corp's extensive service network
      Reuters  -  107 words

  • Page 16 Advertisements
    • 146 16 bmP^ Ilr 1 w H^r i>»^s' jf/./#A chip ■HIV least 25 times smaller.* v oSt r? "<#st B .fli^HH iB^HHIE. I p^^j k ■V yfl Bj|k Vb a rU^^m You're looking at the Mu (ji)-chip, the smallest chip** on the planet. Mu-chip can be attached to most things, including passports
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  • SHIPPING TIMES
    • 279 17 Reuters THE Baltic Dry Index rose 17 points to 1,627, the Baltic Capesize Index rose 46 points to 2,136, the Baltic Panamax Index was up 2 points to 1,686 and the Baltic Handymax Index gained 21 points to reach 9,530. TIME-CHARTER: Xinyuan Hai (built 1988) *****6 dwt delivery
      Reuters  -  279 words
    • 270 17 MX '000 r*n s$ *h <h» CWT Distribution 0.70 unch 0 Chuan Hup 0.46 0.01 1489 Cosco Investment 0.19 0.01 10 Freight Unks 0.03 unch 52 06 Moldings 0.56 unch 0 Jaya Mowings 0.29 0.02 9969 Keppel Corp 3.72 0.08 4262 K1 Venture 0.15 0.01 815 Ktppn TM
      270 words
    • 673 17  -  Feb 2 enforcement of 24-honr manifest role has no impact on S'pore terminals By Donald Urquhart [SINGAPORE] Defying expectations of quay-side chaos as a result of a new US Customs requirement to submit cargo manifest lists 24 hours in advance, it has been
      DONALD URQUHART  -  673 words
    • 339 17  -  Vessels transit faster; accident rate down By Beth Jinks [SINGAPORE] The Panama Canal is moving more ships through safer, faster and more lucratively, its first quarter figures show. In total, 2,887 vessels with canal tonnage of 61 million Panama Canal Universal Measurement System (PC/UMS)
      REUTERS  -  339 words
    • 305 17 It reported 487 m yuan in non-existent revenue from 1994 to 2000 Reuters [SHANGHAI] Jinzhou Port Co Ltd yesterday said it had mistakenly inflated annual sales for six years, the latest listed firm in China's murky corporate sector to own up
      Reuters  -  305 words
    • 131 17 Bloomberg [SEOUL] Hyundai Heavy Industries Co, the world's largest shipbuilder, will be banned from selling bonds and shares for three months because it failed to provide sufficient information on its financial statements. The three-month ban will start after the Financial Supervisory Service sends out
      Bloomberg  -  131 words
    • 122 17 [SINGAPORE] Rising volumes have prompted Penang's North Butterworth Container Terminal (NBCT) to push ahead with its planned expansion, lengthening its quayside to 900 m in an effort to boost capacity to one million TEUS. The planned RM322.4 million (Ssl49 million) expansion also includes reclaiming 25 hectares
      122 words
    • MARITIME security
      • 729 18 About US$6 billion needed to finance new port security measures during the next decade AP LOS ANGELES LEADERS of the maritime industry told federal officials gathered in Los Angeles that they applaud plans to protect the country's 361 ports from terrorism, but they
        AP; US COAST GUARD  -  729 words
    • 3 18
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    • 3 22 THEBUSINESSTIMES
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    • SHIPS IN PORT
      • 673 25 Vessel Voy No Berth Arrival Departure JURONG PORT/CONVENTIONAL CONTAINER TERMINAL J SPIRIT 38A J23 A/SIDE 13/02 2300 MARINA RIO 01/03J J14 A/SIDE 13/02 0630 PERTAMA 02A/03 J24 A/SIDE 13/02 0600 A KAMBING 1 JB0201 J10 13/02 1015 13/02 2300 ARMADA 5 0302 J13 13/02 1000 13/02 1700 ATRIA
        673 words
      • 2 25
        2 words
      • 137 25 Feb 12 Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Indonesia: Hari Raya Haji. Brunei: Hari Raya Haji Feb 13 Malaysia: Hari Raya Haji. Feb 22 Philippines: EDSA Revolutior Day. Mar 24 Brunei: National Day Mjlt 1 Korea: Independence Day Mar 3 Australia: Labour Day Bulgaria: National Day
        137 words
      • 767 25 THIS report, compiled by Cockett Ma rirve Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem Market movements are indi cated The Cockett Bunker Price Index change
        767 words
      • 446 25 Crbor WO Mai 990.7 0.4 6.1 0.07 37 0.04 Ft* 6 omit) Water ImDw AUAIwMMaia Sediment No above £25 0 0 1 0 0 0 380 Aw 964.0 07 13.5 0.05 22 0.02 Cm 380 Mai 994.4 2.0 18.2 0.09 53 0.07 tt/wi ¥ft w/ii m/m
        446 words
    • AIR & LAND transport
      • 305 26 Proposed alliance satisfies Cabinet's national interest criteria, it says Bloomberg THE New Zealand government has approved Qantas Airways' proposal to buy a stake in Air New Zealand, clearing a hurdle for the alliance which still needs antitrust approval
        Bloomberg; REUTERS  -  305 words
      • 317 26 Bloomberg [SYDNEY] Australia's Virgin Blue Airlines said it will start flights to New Zealand and domestic services in the country, whether or not regulators approve Qantas Airways Ltd's plan to buy a stake in Air New Zealand Ltd. Virgin Blue made the
        Bloomberg  -  317 words
      • 353 26 Reuters [HONG KONG] Xiamen Airlines, 60 per cent owned by China Southern Airlines, has signed a deal to buy into a loss-making airport in the south-eastern Chinese city of Fuzhou, a source familiar with the situation said yesterday. Xiamen Airlines and several
        Reuters  -  353 words
      • 170 26 Reuters [MONTREAL] Traffic at Air Canada fell 2.1 per cent in January from a year earlier, affected by capacity additions at low-fare domestic airlines and US regional carriers, the company said. Air Canada, the country's largest airline with a domestic market share of some
        Reuters  -  170 words
      • LOGBook
        • 96 26 Reuters [HONG KONG] Hong Kong's air traffic continued to boom in January after the city set record growth rates in cargo, passenger and flight movements in 2002, the Airport Authority of Hong Kong said. Traffic in air cargo grew 18.8 per cent to 198,000 tonnes last
          Reuters  -  96 words
        • 107 26 AFP [BANGKOK] German airline Lufthansa has apologised for a picture in its magazine of a woman sitting on a statue of Buddha that has offended Buddhist Thailand, the foreign ministry said. The airline said it would glue the offending page in the February edition of the
          AFP  -  107 words
        • 67 26 Bloomberg [FRANKFURT] Fraport AG, the operator of Frankfurt airport, said passenger count rose 7 per cent in January from a year earlier. More than 3.5 million passengers travelled through Frankfurt airport in January. The amount of cargo carried rose 5.2 per cent to 110,869 tons.
          Bloomberg  -  67 words
      • 307 26 Accord will open door for Taiwan manufacturers into US market AFP [TAIPEI] The US is set to sign a Bilateral Aviation Safety Agreement (Basa) with Taiwan in September, a report here said yesterday. The accord, under which Taiwan-made aeronautical and sophisticated
        AFP  -  307 words
      • 214 26 AP [HONG KONG] Cathay Pacific Airways yesterday met unionised pilots for the first time since October 2001 and said they will have to abandon all industrial action before discussing a lingering dispute over pay and scheduling. Pilots have been working to rule for months, refusing for
        AP  -  214 words
      • 68 26 [SINGAPORE] Troops and tanks surround London's Heathrow airport after intelligence communities identified a specific terrorist threat possibly hand held anti-aircnft missiles. The busy airport has been patrolled by I,sooarmed forces and police since early Tuesday, when they were ordered in. British newspaper reports suggest the 'specific
        AP  -  68 words
      • 394 26 MONE COOES AA Anterior Krtnes (AALJ Af Ar Frence(AFß) Al Arlnda(AIC)AY Hnrnr 6y (FM). AZ AKaU Anns (AZA) BA Bnash Atnays Pubtc LU Co IBAWI BG Bmtr SinpiMeV Ajr (BBC) Bi Roy* Brunei Aehnes Sdn Bhd fRBAj BO Bour*) Artnes (BOU) BR EVA A/mays Corpn (EVA)
        394 words
  • Page 17 Advertisements
    • 51 17 NZ govt gives nod to Qantas 1 offer to buy Air NZ stake Taipei, US to ink aviation safety pact in Sept Help fund security efforts, US govt urged PAGE 2 rearn Thinking about penetration, exposure, results? if it's about Singapore's maritime community, think 4* SI II mMi TIMES J
      51 words

  • Page 18 Advertisements
    • 472 18 1 NORTH AMERICA GULF/INDIA SUB-CONTINENT j SUPER SHUTTLE EXPRESS (SSX) jQULF KARACHI EXPRESS (QKX) vissa vor lgo vcsa vot ju urn mm m ooa wrr/uK mwm jo oi ii/o? 11/n pio neduotd misoam ok 31/ ft 01/0? 03/02 13/w 00Q «W TOM 28W06 17/07 07/03 04/03 P*o WUOTD NOMA* OX
      472 words
    • 55 18 WORLDGATE EXPRESS UNES PTE LTD /i\ 180, Cecil Street, #16-03/04, Bangkok Bank BuMhng, S-pore *****6 xW X Tel: *****911 Fax: *****073/*****863 Email: wgate@mbox2.slngnetconfi.sg WEBSITE: http://www.wohdgaTe.com.sg Calcutta iTChittagong COLOMBO 117/02 I Karachi PORT LOUIS 116/02 I CHTTTAGONG/DHAKA 14/02 Bombay -^Madras j BOMBAY 14/02 /pv madras/bangalore 12/02 Colombo* 1/ CALCUTTA 114/02 j
      55 words
    • 657 18 XtggK •l>*4i«vk«™(ra«*db y .u_h~.nl*. Members of the Regidry of ItSPS A«™d«dShippingAb«, Sngapore Shaping AMQciahon As»ooohon g ULY UNE MALE fttSSft VOY ETA HA ETA A t. BjK STOKE IMU PrinceM lity 0203 26/02 27/02 06/03 Emprettlily 0203 16/03 17/03 25/03 PrinceiiUJy 0303 30/03 31/03 08/02 ULY MARINE SERVICES PTE LTD
      657 words

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    • 1030 19 TO USA (SAX SERVICE) VESSEL VOY SIN ETA lAX OAK DAI MOO CM COl MEM ATI NYC API ENGLAND 1161 12/02 27/02 03/03 >4/03 04/03 04/03 04/03 04/03 07/03 07/03 ATI CANADA 1111 19/02 06/03 10/03 11/03 11/03 04/03 04/03 04/03 07/03 07/03 Afl SCOTLAND UsT 26/02 13/03 17/03 11/03
      1,030 words
    • 1623 19 DIRECT CALL TO coiombo 4 days caouuteammsbgajomT" nnmmbiimi saus/kcstilmmms;/u ml *****121/141 COSTAR SHIPPING PTI LTD ovtmuop/u mjmw I iihmb amm i<in«vc nbomiooo-Ai an«mt/o) umm tmuif/n I BANDAR ABBAS 12 DAYS 1/SItHF *****12S ******14/44 I JOMOtSORKL COHVSmOMI *****150 *****200 I tOSIMI A6BKKS M) SM IK TH: 07-*****44 FAIL 17 *****71 «i/vor
      1,623 words
    • 666 19 Vtssa wpw Stc JKT UHMtm R7II [IV2 m ?S/7 27/7 173 UUiHUM W4S IS/? m I^7T~ mrowuM W73 hi/j Im/TIt?! uuihum wss I ?2/i 25/? ?t/? huwsaihum woo? la/? lih IJT \\n is/3 m ms I 1/3 4/3 IMS Mario SaAk IMn am W W iw_ HKG I SMA UO
      666 words

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    • 833 20 HMNEHYUNDAI MERCHANT MARINE CO., LTD. wwwJmm2l.CO« 01 NO. **********0N mm. vot "3T sou ta rm ant Urn m vtssa vot sou la w "ant" ma ~~m~ *8T ntMocreßaa siiw io/w m/oi m/oi ii/ojol/03 hoiprioritt 0041 m/oi is/01 M/ 01 n/01 m/oj ATI HONGKONG 10JW 11/0? 01/03 04/03 04/03 API DENMARK
      833 words
    • 1288 20 WAN HAI NTBtNATIONAL PTE LTD VnA iiiiu TR;*****591 (14IMS) F/UL*****163 \NNAWAN HAI LINES assssssfiMass^. --L unun it uo it iwt ws no rat iws aa> in prann II» mm inr-iwr IWM M Inr~s* Iwmitb an isimi iw run ?i/» M M u m s« mmmitu ny itivu am run mi
      1,288 words
    • 582 20 m a kj?* WEEKLY EXPRESS SAIUWG SCHEDULE ALSO ACCEPT! N6 TO ALL NORTHERN ANO WESTERN ICO POMfri VOT MI PJOAMC COUMWO M.SMPM COLOMBO wwmtwßpw iiw nw iib uw itw an nsmsin voiw 17 w Ufa nw aw mmhi wmbmmh won mw Ttra i?mm Kwt mm mtrawu twwi? cm ism wmm
      582 words

  • Page 21 Advertisements
    • 2402 21 iVfSSa VOY KHH HKO SIN FKL PXS lAI PXMW MK M.V. UNOAVIA PCL -298 12/02 13/02 16/02 17/02 24/02 25/02 06/03 06/03 MAN KERMAN PCL 299 19/02 20/02 23/02 24/02 03/03 27/01 12/03 14/03 MAN ISFAHAN PCL 300 23/02 26/02 01/03 02/03 09/03 10/03 16/03 20/03 MANHORMOZGAN PCL -301 DRY-DOCKING
      2,402 words

  • Page 22 Advertisements
    • 214 22 L^ KYOWA LINE IVd |V»y Um I P»—|p«—l lltor—l Trmk j i'lit—rm«| WH"777] Colifornio Senotof 951E 13/02 20/02 26/02 Colifornio Senotor 951E 13/02 26/02 08/03 10/03 11/03 London Senotor 954E" 18/02 ~2670T 08/03 Tq7o3 11/03 London Senotor 954E" 18/02 12/03 23/03 25/03 27/03 London Senotor 954E** 18/02 06/03 12/03 13/03
      214 words
    • 211 22 II CWT GLOBEUNK PTE LTD J own omcts in TEL:*****833 (36 LINES) FAX.*****742 1 SYDNCY MEIBOUKNt PINANG POKT KCLANG PASI* GUDANG-KUCHING-BANGKOK-KARACHI-BOMB AYM NfW DtlHI-COLOMBO-HO CHI MINH CITY-HAIPHONG HANOI BACMCN-HAMBURG-TIANJIN-QINGDAO-SHANGHAI-XIAMEN FUZHOU DALIAN XIAN BUJINGSHI JIA /HUANG DIRECT SAILING TO: tmcam ms<amm߀v ICMfJEWDELHI MUMBAI (BOMBAY) KOLCATTA (CALCUTTA) karacSlV CHITTAGONG cwttagonc/ COLOMBO V
      211 words
    • 269 22 BSA x~| MYANMA BH FIVE STAR UNE (Mymm*or NatiMd Um) Udh| far Y VESSCI VOT SM PIl Ptt Pttl OM SHWI HAW 54 W SU> PAGAN VIO6W Sit M MAUTSIA: OOUSTtAD SHIPPING AGENCIES Kill: 03-*****300 Plk 03-317*4101 PIN: 04-2****** BANK LINE (A s*f*k« tf Aadrtw Wmt SUpffa|) I NORTHBOUND TO
      269 words



  • Page 25 Miscellaneous
    • 133 25 wtk "^^K* j^cikT^ I >Uv ,li *kj LEGEND: Issued by Meteorological Services Division, NEA R Thunderstorm A Showers /v\ Rain emperature y ind 3 pe e( j m Knots .•.Cloudy Day Wea,her symbols Sm Conditions O Full circle w/o line indicates calm or light and variable winds i Sl 9h
      133 words