The Business Times, 18 February 2003

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Total Pages: 28
1 28 The Business Times
  • 13 1 THE BUSINESS TIMES MITA(P) 010/03/2002 SINGAPORE Internet: http://'business-times.asial .com.sg TUESDAY, FEBRUARY 18, 2003
    13 words
  • 805 1  -  Port operator will be better placed to expand overseas after retrenchment, says chairman By Donald Urquhart [SINGAPORE] PSA Corporation took a major step yesterday in what it described as an ongoing bid to transform itself into an international player by
    CHRIS LOH  -  805 words
  • 486 1  -  His net worth jumps following M&xis' ligfing* magftTinA From Eddie Toh in Kuala Lumpur A NON-CHINESE has for the first time been named Malaysia's richest man. Ethnic Indian Ananda Krishnan has topped the latest rich list with estimated wealth of around
    SOurce: Business P : NSTP  -  486 words
  • 1019 1  -  Aussie concessions indnde undertaking to make Telstra more transparent By Yang Razali Kassim [SINGAPOREJ After months of surprisingly tough negotiations, Singapore and Australia yesterday sealed a free trade deal that is significant for their mutual concessions over some jealously guarded turfs. But the bigger
    ARTHUR LEE  -  1,019 words
  • 643 1  -  Savings and fixed-deposit rates also cnt by 12.5 to 25 basis points from today By Siow Li Sen [SINGAPORE] Plunging interbank rates have forced DBS Bank to cut its prime, savings and fixed deposits rates because, flush with deposits,
    Source: Reuters  -  643 words
  • 66 1 Ml 1,301.19 (+27.71) ST INDEX FUTURES 1,299.00 (+26.00) SIMSCI FUTURES 159.40 (+3.40) Monday Change KLSECOMP _659,13 +2.38 NIKKEI 225 4771.89 +69.97 HANG SENG 9.383.68 +***** SET INDEX closed JAKARTA COMP .404:59 +4.88 MANILA COMP .1,034.76 +1.113 TAIPEI WPI 4.***** +*****9 SEOILCOMP 601.87 +2663 SHENZHEN B 207 00 -1.58 AUSTALLORD
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  • 71 1 FOREX RATES US$ 5$ ISS (SS perl'SS) 1.755 £(1'SS/SS per 1604 2.815 ElRO(i:S$/SS/E). 1.071 1.880 YEN 120.4 68.60 RM 3.800 1165 HKS 7.800 4.445 BAHT 43.12 24.57 Rl'PIAH 8.913 5.079 RENMINBI 8199 4 729 INDIAN Rl PEE 47.76 27.21 PRIME RATES SINGAPORE* .5.25 Kl'ALA LTMPl'R 6.40 HONG KONG 5.U00
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    • ON THE grapevine
      • 121 2 BLAME it on the recession, said Singapore couples interviewed recently on the sharp decline in the number of births last year. Well, as the chart shows, the bad times apparently do deter people from taking the plunge, to begin with. Save for an aberration in 2000,
        Source: Statistics Singapore, CEIC  -  121 words
      • 146 2 Also on the front page of the same Barclays report: Quote of the Day: Knees to hit streets. Miniskirts said to be a barometer of the economy, alongside the saying "The tighter the belt, the shorter the skirt" are expected to make a comeback this spring,
        146 words
    • 555 2  -  But analysts expect sharp fall in NODX figure for February By Chuang Peck Ming [SINGAPORE] Singapore's key non-oil domestic exports (NODX) kicked off the year with a surprisingly strong year-on-year growth of 18.4 per cent in January to hit a
      Source: E S'pore  -  555 words
    • 741 2  -  By rYangßaasaH Kamrim THE briefing for the media on the Singapore-Australia Free Trade Agreement, or Safta, was going well. Then came question time. Someone noted how one issue telecommunications had eluded the media's attention. He wanted to know if it was because the
      741 words

  • SINGAPORE companies
    • COMPANYBriefs
      • 88 3 COMFORTDELGRO Corp, that's the name of the proposed entity created by the merger of taxi operator Comfort Group and bus company DelGro Corp. The companies said the Singapore Exchange has given in-principle approval for the listing of up to 2.061 billion shares of the new
        88 words
      • 43 3 SINGAPORE Airlines overall load factor slipped 0.4 points to 69.3 per cent in January. Its cargo load factor fell 1.5 points to 62.7 per cent while passenger load factor inched up 0.3 points to 76.6 per cent.
        43 words
      • 44 3 IT group Stratech has launched a new generation security system for "automatic and intelligent vehicle access control". Called Intelligent Vehicle Access Control System, it can perform licence plate recognition, vehicle undercarriage scanning and driver verification in one integrated sequence.
        44 words
      • 57 3 KIM Eng Ong Asia, which has announced a deal to sell its stake in ATR-Kim Eng Capital Partners to Philtread Holdings Corp, has clarified that, on completion of the sale, it would continue to have an indirect interest in ATR-Kim Eng via its
        57 words
      • 27 3 DIGITAL storage maker and distributor Eastgate Technology said its subsidiary in Taiwan, Storewell Media Manufacturing, will replicate CD-ROMs for a Computer Associates International unit
        27 words
    • 309 3  -  Several important issues have to be resolved in move to integrate watchdog roles nnder one roof By Andrea Tan IN what could be the first step towards an integrated securities regulator, the Singapore Exchange (SGX) said yesterday it may transfer its member
      309 words
    • 492 3  -  By Wong Wei Kong THE Securities Investors Association of Singapore (Sias) has stepped up its efforts to push listed companies to keep minutes of shareholders' meetings. Yesterday, it met a representative of the Council on Corporate Disclosure and Governance (CCDG) to urge
      492 words
    • 571 3  -  HOCKffyff^ angela tan WHEN the Singapore Exchange (SGX) reinforced its Practice Note 7.1 last month on listed companies' obligations to improve disclosure, it was hard to fault the principle that motivated the move fair and open market practices that leave no room for insider trading.
      571 words
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    • 307 3 I A Note of Appreciation I I Mil-Com Aerospace Training Center wishes to express its gratitude to the I I V Honorable Mr Peter Beattie, Premier of Queensland Minister for Trade I I and I I Mr Freddy Soon, Deputy Chief Executive, SPRING Singapore I I for witnessing the signing
      307 words

  • SINGAPORE markets
    • Article, Illustration
      309 4 OTHER SINGAPORE INDICES Feb 17 VALUE CLOSE TOMS 95.00 +151.00 IT CADI -*****.00 +116.00 BTlHaym -*****.00 +10.00 jyHCEjriHw 347.36 +6.71 SOfraMwIhct 114.13 +3.71 WCjriMii R» 1113.65 +22.61 ft »p 311.32 +5.07 waiittiwn 159.65 +3.75 MWhtwi 159.40 +3.40 Stocks Volume Chart SemCond 26c 17.987.000 Datacraft 10c 15.883.000 CapitaLand 12.499.000 SingTel 15c
      309 words
    • 14 4  -  HOT STOCK/ WARRANT By R Sivanithy
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    • 782 4  - STI back to 1,300 but for how long? ■BXHAMMMUhmhUI STOCKS r. sivanithy IT looks good on paper the Straits Times Index (STI) jumped 27.71 points, or 2.2 per cent, yesterday to regain the psychological 1,300 level with a close of 1,301.19 amid strength in most sectors, from electronics to banks.
      782 words
    • 574 4  -  CURRENCIES Key euro support at around US$l.O7 comes nnder siege; gold sharply lower larry wee WAR premiums were trimmed smartly yesterday in currency markets, as the likelihood of a US-led strike against Iraq looked more likely to be at least postponed. Another inconclusive
      Source: Reuters  -  574 words
  • 2992 4 UNIT TRUSTS FUNDS CMMMnbaak Aaat Mat Com Global Finance Index Fd 0 682/ Com Global lifestyle Index Fd 0.77/ n«« Com Global Health Index Fd 0 72* 1 J?w Com Global Telecom mde« Fd 0 394/ aaci! Com Global hfattc Index Fd!** 0.253/ Gi n uu Com Global Index Fd
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    • 326 5 When you make sense of money, the result is growth. KS t 1 J^, j Sfu >_.■ SJUSJISSfc- r iJSSi" Once again, UOBAM is Singapore's most awarded fund manager. At the 2003 Standard Poors Investment Fund Awards, investment professionals. And when you consider that UOB Asset Management won the most
      326 words

  • CORPORATE earnings
    • 322 6  -  Revenue jumps 26% to $143J£m; group expects 2003 to be even better By Tang Weng Fai MAINBOARD-LISTED industrial automation and IT provider CSE Systems Engineering almost trebled its full-year after-tax profit, as it renewed its focus on industrial automation in the oil and
      322 words
    • 464 6 Rise in costs, fall in demand will hit next fiscal year's results SINGAPORE Airlines' chief executive Cheong Choong Kong has warned of adverse effect on the national carrier's earnings in the next business year in the event of an Iraq war. "Operating
      FILE PHOTO  -  464 words
    • EARNINGSRoundup
      • 101 6 Bloomberg DBS Group Holdings, Singapore's biggest bank, and its two rivals are set to report one-time gains and profit, as earlier acquisitions countered rising bad-loan charges and a slump in credit demand. DBS will probably post a 62 per cent gain in fourth-quarter net income,
        Bloomberg  -  101 words
      • 76 6 MAYBANK has declared what it described as its highest dividend payout ever. Reporting a 19.2 per cent jump in interim earnings to RM897.8 million (*****.7 million), Malaysia's largest banking group will pay 35 sen in interim dividend, comprising a tax-exempt 25 sen and a taxed dividend
        76 words
      • 110 6 WHILE many others are increasingly revising profit forecasts downwards, Armstrong Industrial Corporation Limited has good news on the earnings front. The precision engineering specialist said despite the adverse global economic situation, its second-half results for the year ended Dec 31,2002, will be better than those of
        110 words
      • 71 6 COLEX Holdings Limited has revealed further information on its full-year financial statement for the year ended Dec 31,2002. It said that the increase in "other" receivables, mentioned in a Feb 14 announcement, was largely due to the rise in tax recoverable and agency fees receivable.
        71 words
      • 191 6 CHIP Eng Seng (CES) is aiming to release over 700 homes in two joint-venture projects with NTUC Choice Homes this year, comprising a 99-year leasehold Ang Mo Kio one, with over 570 units, in Q2, and a freehold one with over 130 units
        191 words
    • 104 6 When results are due Inter-Roller Fab 18 Jurong Technologies Ind Ftb 10 Citiraya Feb 20 DBS Group Feb SI SGX Feb 21 Great Eastern Feb 24 Total Automation Feb 24 Cycle Carriage Feb 26 Del Monte Pacific Feb 25 Hotel Plaza Feb 28 MCL Land Feb 28 OCBC
      104 words
    • 327 7  -  Tie-np with Toyota nnit to distribute its data, voice services there By t Angela Tan SINGAPORE Telecommunications Ltd, which has roped in Toyota Digital Cruise Inc (TDC) to sell its data and voice services in Japan, expects to see a 40 to 50
      327 words
    • 258 7 Bloomberg HVB Group, Germany's No. 2 bank, said it is selling a $45 mUlion fixed-rate note to finance a Singapore building that will be repaid by rents from Siemens AG's Singapore office, the biggest tenant. The 387,500 sq ft east-central Singapore building is
      Bloomberg  -  258 words
    • 244 7  -  By Wong Wei Kong STAREASTWORKS Ltd (SEW), a joint-venture company ofSPH Media Works and Star East Holdings, has disposed of its entire stake in Mind Works, a company set up in Hong Kong in 2001 to provide content related values to advertisers
      244 words
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    • 26 6 Calling all companies If you have decided on the date to release your financial results, give us a call at 6319-5318 or email us at btnews@sph.com.sg
      26 words

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  • FOCUS property
    • 599 8  -  BIM.1..1..fJ.l« PROPERTY Deferred collection will go some way to help ease contractors'casta flow problems in these tough times lee han shih THE Urban Redevelopment Authority, the Land Transport Authority, and now the Building and Construction Authority. Why are more and more civil servants behaving
      599 words
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    • 286 8 Collective Sale of r Chuan Court 52,183 sq ft 2.1 GPR /24 Storey fc 250 m from new Lor Chuan MKT station VI Australian Int'l Sch, St Gabriels Pri Sch r Credo Real Estate (Singapore) Pte Ltd HUf"* 6227 6066 COMMERCIAL BUILDING NEAR CITY HALL MRT Located within the electronic
      286 words
    • 159 8 SKYTUTOR2 Q£ THE SECRET OF 5 O SCORING A J HThe powerful SKYTUTOR tuition program is the key to your child's D academic success. SKYTUTOR combines certified tutors with proven multimedia courseware. This precise and scientific H method of teaching provides maximum learning in the minimum time for today's students.
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    • 299 8 Special Low Financing Package First 8 PurchaseriQf2oo3 will gey an additjQMjSKoffthe nett price! j&liil^iiKl3f Rare opportunity to own or lease a prime unit <4,000 -15,000 sq ft) Parking lots in front of units Column-free space Your very own frontage Abundant common vehicle and container parking Prime location between Paya Leber
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  • SINGAPORE news
    • 620 9  -  It'll place ont more funds, but on smaller scale, if conditions are right By Wong Wei Kong THE Government of Singapore Investment Corp (GIC) has exceeded its target of placing out $25 billion in funds for external management and is prepared to
      620 words
    • 397 9  -  By Vince Chong ANOTHER property developed by former Apollo Enterprises director and founding shareholder Tjia Eng Soei has been put up for tender sale. This time, it is the 49unit, almost-completed Casa Robina along Robin Road, which has been left as it
      397 words
    • 195 9 GERMAN engineering and IT group Siemens said yesterday it has securitised its upcoming Siemens Centre believed to be the first securitisation of a single industrial building before completion. The building has been financed by the issue of $45 million of fixed-rate notes backed by a 15-year
      195 words
    • 290 9 377 of the 3,060 applications for EC BUYING momentum in the real estate market picked up in the fourth quarter of 2002, with 3,050 Central Provident Fund members applying to use their CPF funds to purchase private property. This was an
      290 words
    • 267 9  -  By Elgin Toh THE retail sales index posted an exceptionally high year-on-year increase of 8.5 per cent in December 2002, mainly because of a surge in vehicle sales, according to Department of Statistics figures released yesterday. Compared with December 2001, vehicle sales at
      267 words
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    • 235 9 First Class Distinctions, Merits Honours "f I and Credits Stansfield has been producing excellent results consistently with First Class Honours students every year since 1995. In 1995, one of our First Class Honours students was the first in Singapore to be awarded a full scholarship to pursue his Masters in
      235 words

  • EDITORIAL & opinion
    • 953 10  -  OPINION I.MiM'.'.lfnTa shada islam IN the stock market, anything is possible. Sometimes, miracles happen and stocks can rise 10-fold or even 100fold as in the case of Malaysian sec-ond-board counters a few years ago. Recall, of course, the Internet craze of three
      953 words
    • 94 10 'Repayment of the IMF loan is an important symbolic act political as well as economic. Thailand is now strong financially with big foreign reserves and steady balance-of-payments surpluses.' Thanomsri Fonganmnmg a senior Thai economist, on the government's move. 'At best, the economy will be close to zero
      94 words
    • 677 10 EDITORIAL AS THE world braces for a possible war in the Middle East, Indonesia faces the happy prospect of a windfall, as oil prices climb ever higher. For the oil-exporting country's fiscally stretched economy, this is a welcome development but only provided Indonesia's policymakers make the
      677 words
    • 966 10  -  The aims of the Financial Services Authority are worthy enough bnt it's behaving like a regulatory monster that's driving away investment and failing to reassure consumers By Matthew Lynn Bloomberg BRITAIN'S bankers, insurers and fund managers are not as busy as they once
      Bloomberg; AP  -  966 words
    • 780 10  -  MAILI.TTT All unit trusts in Singapore most publish detailed semi-annual reports for their unit-holders. Dennis Lim Chairman, Public Relations and Membership Committee Investment Management Association of Singapore AS the professional body representing fund managers in Singapore, the Investment Management Association of Singapore (IMAS) would
      780 words

  • REGIONAL news
    • NOTEBook
      • 93 11 Bloomberg [JAKARTA] Indonesia's economic growth slowed in the fourth quarter after a bomb attack on the resort island of Bali led to a slump in tourism The economy grew 3.8 per cent from a year earlier, compared with a revised 4.3 per cent expansion
        Bloomberg  -  93 words
      • 75 11 Reuters [KUALA LUMPUR] Malayan Banking Bhd, Malaysia's biggest lender, yesterday said its first-half net profit rose 19 per cent, helped by a drop in bad debt cover. The bank said net profit for the six months to Dec 31 rose to RM897.81 million
        Reuters  -  75 words
      • 77 11 Reuters [HONG KONG] Hong Kong banks and finance companies wrote off HKJ2.24 billion (*****.7 million) worth of credit card loans in the fourth quarter, a 76 per cent rise over the year-ago period, as the unemployment rate and bankruptcies remained near record levels.
        Reuters  -  77 words
      • 68 11 Bloomberg [KUALA LUMPUR] The Malaysian government said it is in talks with national carrier Malaysian Airline System to increase direct flights to European cities such as Frankfurt to help lure more visitors. "We are talking to Malaysian Airline to 9olve the problem," Tourism Minister
        Bloomberg  -  68 words
      • 74 11 Bloomberg [KUALA LUMPUR] KFC Holdings (Malaysia) Bhd, Malaysia's biggest Cast-food chain operator, said fourth quarter profit rose 31 per cent as sales gained. Net income rose to RM16.7 million (557.7 million), or 8.61 sen a share, in the three months ended Dec 31, from RM12.8
        Bloomberg  -  74 words
      • 56 11 Reuters [JAKARTA] Indonesia's Mines and Energy Minister Purnomo Yusgiantoro yesterday said that provincial governments could invest in new oil exploration areas and purchase stakes of up to 10 per cent in new production contracts. He said any investment would need to take place through
        Reuters  -  56 words
    • 427 11 HANOI Petrol stations fonnd hoarding could lose licence Reuters MOTORISTS besieged petrol stations in Vietnam's capital of Hanoi yesterday, fearing a fuel shortage and price hikes linked to the prospects of war in Iraq. A number of petrol stations have been
      Reuters; AP  -  427 words
    • 254 11 KUALA LUMPUR AP AFTER a proposal to hold a formal emergency meeting of Islamic countries was thwarted, Malaysia plans to host an informal gathering to discuss the threat of war in Iraq. The Organisation of the Islamic Conference meeting will be held
      AP  -  254 words
    • 153 11 MANILA Bloomberg PHILIPPINE Finance Secretary Jose Isidro Camacho will ask officials from the California Public Employees' Retirement System (Calpers), the largest US pension fund, to take another look at the South-east Asian country after the pension fund's adviser said it should pull
      Bloomberg  -  153 words
    • 417 12 HONG KONG Chairman to pay HKss9om for assets; Fortune Realty also announces closure Bloomberg, Reuters THE weak property market here is taking its toll. Wheelock Co, one of four Hong Kong developers to reorganise themselves after property shares suffered their biggest slide
      Bloomberg,; Reuters  -  417 words
    • China probing Roche for alleged virus rumours
    • SG fund venture gets China's go-ahead
    • 276 12 TOKYO Bloomberg SONY CORP, the world's second-largest consumer electronics maker, said it may open its first chip design centre in China this year, taking advantage of local engineering talent to develop new consumer electronics products. "We are considering a facility to develop
      Bloomberg  -  276 words
    • ASIANotes
      • 69 12 AP [HONG KONG] Authorities in southern China have arrested 14 people suspected of stealing money meant to compensate local residents displaced by construction of a foreign-invested petrochemical project the China Daily reported yesterday. The US$4.3 billion petrochemical processing project, 50 per cent invested by Royal
        AP  -  69 words
      • 61 12 AFP [BOMBAY] US ambassador to India Robert Black will yesterday urged Indian authorities to reopen a US$2.9 billion power plant built by collapsed US energy giant Enron after a 20-month shutdown over a payment dispute. Mr Blackwill held talks with Maharashtra Chief Minister Sushil
        AFP  -  61 words
      • 63 12 Bloomberg [BEIJING] Foreign direct investment (FDI) into China rose by almost half from a year earlier last month as overseas companies expanded factories and offices. FDI rose 48 per cent to U553.59 billion in January, according to official data. Investment rose 12.5 per cent
        Bloomberg  -  63 words
      • 57 12 AFP [NEW DELHI] More than 60 per cent of Indian industrialists say a US-led attack on Iraq would have only a moderate negative impact on India's economy, a survey found on Sunday. Only 23 per cent believed there would be a significant negative impact,
        AFP  -  57 words
  • Article, Illustration
    1049 11 Transaction date: Feb 17 BBEjjS CROSS RATES A$ C$ tmb Eot m Indto tapia6 Yw W HI Wh Mo SS »wd S«r «T$ 8afrt f—d USS Australia 0.896 4467 0.550 4.593 28.124 52.487 0.709 7.109 2238 L073 KM 31.919 1033 4.948 0J09 ***** ***** 0.367 0.589 Cauda 1.IM 5.445
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    • 4 12 tm Cathay Pacific www.cathaypacific.com.sg
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    • 25 12 I Tianjin, I I China's fifth I I economic output I I unveils. I I grand plan I I for development I I *S3?£*S3F«rli. J
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  • WORLD news
    • 329 13 LONDON Temporary exemption likely to makeup for loss of supplies: source Reuters OPEC oil exporters will probably agree temporarily to suspend output quotas and pump at will if an attack on Iraq halts exports from the world's eighth largest exporter, an Opec source
      Reuters  -  329 words
    • WORLDWatch
      • 102 13 Bloomberg [LONDON] London's streets were quieter than usual yesterday morning after the city began charging motorists £5 (Ssl4) daily to use its streets, drivers said. The "congestion charge", the world's biggest experiment in traffic management, aims to cut city-centre traffic by 15 per cent
        Bloomberg  -  102 words
      • 101 13 AP [CANNES] Germany's T-Mobile International said yesterday it will launch a Windows-powered smartphone this summer in its major European markets. The announcement marks the second major wireless provider to embrace Microsoft's smartphone operating system. Orange SA, the English-French wireless provider, launched its own version in October
        AP  -  101 words
      • 111 13 Bloomberg [TOKYO] Japanese workers' average monthly wages fell a record 2.4 per cent last year from 2001, the Ministry of Health, Labour and Welfare said in a revised report. Workers at Japanese companies with five or more employees earned an average 343,480 yen (555,012)
        Bloomberg  -  111 words
      • 94 13 Bloomberg [ALLENTOWN, Pennsylvania] Agere Systems Inc, the unprofitable semiconductor maker spun off from Lucent Technologies Inc, said it developed the fastest chip to direct information across computer networks and the Internet. Agere's US$295 APPS4O, one-fourth the size of a credit card, performs the
        Bloomberg  -  94 words
      • 77 13 AP [RIO DE JANEIRO] The World Bank could lend Brazil a further US$l billion this year to help it weather the effects of international crises on its economy, the bank's president, James Wolfensohn, told a Brazilian newspaper. The bank already has pledged US$l.5 billion
        AP  -  77 words
      • 79 13 Bloomberg [REDMOND, Washington] Microsoft Corp is targeting customers aged 13 to 24 with a program that allows them to form online groups to chat and share photos and music. The threedegrees program will be available for free starting next week, said Tammy Savage, director of
        Bloomberg  -  79 words
      • 64 13 [CANBERRA] International ratings agency Standard Poor's yesterday upgraded Australia's foreign currency ratings to its top AAA level from AA-plus. The vote of confidence came despite a warning last week by the nation's Finance Minister, Treasurer Peter Costello, that Australia's likely role in any war with Iraq
        64 words
    • 293 13 BRUSSELS AP AP NATO agreed to begin planning defence measures to aid Turkey in the event of a USled war in Iraq, breaking a month-long stalemate that had opened the biggest rift in the West since the Cold War. But European Union
      AP  -  293 words
    • 499 13  -  From Neil Behrmann in London SPECULATIVE sales of gold overwhelmed the global bullion market last week and the downward pressure on prices is expected to continue, dealers say. Spot gold fell as low as US$34l an ounce yesterday, its weakest since early January and down
      499 words
    • 162 13 Reuters [NEW YORK] A lawsuit against Wal-Mart Stores Inc, the world's largest retailer, will be the biggest employment discrimination class action in US history if plaintiffs' lawyers succeed in getting class certification, the New York Times reported on Sunday. Lawyers plan to
      Reuters  -  162 words
    • 473 14 PARIS French, Russian and Chinese firms unlikely to give np present agreements AFP AS the growing beat of war drums sounds the threat of war in Iraq, international oil majors and their governments are preparing for the battle to stake claims on Iraq's
      AFP; AP  -  473 words
    • 414 16 TOKYO It says economic activity remains flat amid uncertainty THE Bank of Japan yesterday maintained a bleak view of Japan's economy, saying in a monthly report it was unlikely to show signs of recovery for some time. "Economic activity remains flat amid substantial
      REUTERS  -  414 words
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  • 1488 14 SIC01I FUTURES Feb 17 MJ88CR Futures (Closing prices) RSS1 (S cents/kg) Ciece Votaae Open Month 1*1* Low Sett (tows) hrtemt Mar 03 173.00 Apr 03 174.00 May 03 176.50 Am 03 176.50 RSS 3 (US cents/kg) Mm Opoo Mont* Wg> Lw Srtt (tonnes) hrtemt Mar 03 97.75 1700 Apr
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    • 115 14 j "Fly World Business Class 4 to Europe or the U.S." J$k "Choose a free gift!" m/ f, w J mi I Fly World Business Class to Europe or to the U.S. on KLM Royal Dutch Airlines or Northwest Airlines between January 15 and March 31, 2003 and choose a
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  • 4730 15 Transaction date: Feb 17 for more, go to wmrwjasiaonenmarketsjmm HONGKONG v«i hkrwi 12s om 213 NKS W- '000 Hong Kong Electric 29 30 0 30 2364 Hongkong Chinese 0.62 402 652 Alpha General 0.21 unch 24 Hongkong Chinese Ltd 0.62 -0.02 652 AnandaWingOn 0.01 unch 6900 Hopewell Holdings
    4,730 words
  • 2159 15 Transaction date: Feb 17 KUALA LUMPUR 5g«— 'J ■•a w- Ml FW Industries .0.16 unch 0 Gadana 1.01 unch 0 ASM Realty 0.76 002 3 5? 55 Z Abrit .0.95 0 06 40 anad f? p "J?? "221 J AO> Industries 2 95 008 75 5 enw iJ£2 p
    2,159 words
  • 699 15 Transaction date: Feb 17 OC 040 J no «OMO NalSM 9r lit J0>0 •OIHO 107 1000 .COK. OOC 091 IM -0*8 OMMMk 0*i L» <MM out OS7 US ObD» Vr IM 4400 *0140 03* 0T4S -OW: CntfMia 0*7 MX* •O'A) Wk 101 to* «*iUt Mto 1130 TO TOO .Oil»
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  • 531 15 BONDS WARRANTS Fna Enary Last Wot Cm* Eur Doc Saw- Mfei C Mi *m- Wl I* Ma U» AST1W*****1 175 1 16 179 0.69 16 AcmaltdMMUIt 2 1 50 767 3 00 21 Amtek W*****0 -755 15 48 1 33 1 1.42 28 Armstrong \MM0520 0.5 1 10 75 12.00
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  • 5386 16 Transaction date: Feb 17 for live prices, log on to U7wwjasiaan£marketsjccnn 52-Wk Lart M Day IMQMa dot* Mr GrVM MM MCap M# Law Ci—wy S*» W- I—i I— m*m Hkm Cw P« >■> ABNAmroNLG 56c 9 12 3.4 1S88 2<XS 9 ACE Dyna#rncs20c 113 us 12.5 07 8
    5,386 words
  • 63 16 l»» Day lio—« G«Ot» M» SlYM MM MCm I—» fi«>m Mt W I— N» M» CV m |j ***** 89 Diamonds US8780td S240 2 no IS DJ US Tech US3740cd SIS SSS tSMSO Spore US5S5 ***** BOO ISS&PSOO US8270cd ***** 8280 SPDHS US82SOcd 180S 1294 ST1FTT100 1321 »17
    63 words
  • 1423 16 Latt M Day Lax Quota Grow M. fifTM MM -Cm N» t— Cmmm Mi w- rww I— >w M» CVr K hJ 22 7.5 ABRHIdgsSc *.5 unch 9 9.5 9.5 9 95 183 24.5 15 AP 04 5c 17 -05 16 17 165 165 17 5 115 15
    1,423 words
  • 317 16 mm Ljat M tay IMOMM *O* M* S>TM MM MCB I—r fi"M1 *t- nw t— mrtrn i*t Cm %>*»■* 115 K AVJcnnraA25c A99 unch 3S 99 98 99 99.5 40 3.4 10.1 SJ 211.1 Cathay Pac 20c HK720 265 21 7.4 6 *****2 Chetno Kong50t Hit 1780 240
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  • Page 16 Miscellaneous
    • 199 16 CK7PTIC CROSSWORD find part of the body (6) 23 A grave mob shattering ex- (7) Across: 1 Risking, 5 Decline, 9 plosive device (4-4) 7 Banks are ruined —in a Verbena, 10 Proffer, 11 Lip--24 Place limits on filter again state! (8) reader, 12 Serai, 13 Dread, 15 (8) 8
      199 words

  • KNOWLEDGE economy
    • 1535 17  -  The doyen of leadership studies Warren Bennis tells Stnart Crainer about leaders under 35 and geezers over 70 and why dialogue between generations is important Stuart Crainer WARREN Bennis has done more to debunk the heroic leadership myth than just about any other business thinker. Leaders,
      1,535 words
  • Page 17 Advertisements
    • 337 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FU-PU-XIAN INVESTMENT ft DEVELOPMENT PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that the FINAL MEETING of the Members
      337 words
    • 727 17 STRIKE ENGINEERING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 422 Tagore Industrial Avenue Singapore *****6 on 12 March 2003 at 10:00 a.m. for the purpose of considering and. if
      727 words
    • 135 17 I -yv I 1 I U I J3551P E rnm^ i I' llH^lllßiPw* V I I H PND ALL THAT JAZZ. B Uptch us unueil our newly refurbished Hotel Phoenix Qpby Lounge as uie bring you to Chicago, the mouie. II C<j|)oln us on the 21 *28 February 2003, at
      135 words

  • THE achievers
    • 1481 18  -  Its new dean, who is a bureaucrat as much as an academic, believes it must serve all its members and not just Asia, says Anthony Rowley in Tokyo Anthony Rowley ANEW man, Australian Peter McCawley, has moved into the driving seat at the Asian Development
      1,481 words
  • Page 18 Advertisements
    • 48 18 American Express® Financial Services has everything from Unit Trusts to Line of Credit to Insurance, so you can plan for your future and have the freedom to live however you want. For more information, call 1800 226 2626 or visit www.americanexpress.com.sg CARDS FINANCIAL SERVICES TRAVEL SERVICES TRAVELERS CHEQUES
      48 words

  • SHIPPING TIMES
    • 446 19  -  Third quarter stronger than expected By Beth Jinks [SINGAPORE] Japan's Kawasaki Kisen Kaisha Ltd (K Line) has revised upwards its fiscal 2002 results forecasts on the back of a stronger than expected third quarter. The company's predicted consolidated income before tax and extraordinary
      FILE PHOTO  -  446 words
    • 185 19 Reuters THE Baltic Dry Index rose 14 points to 1,673, the Baltic Capesize Index rose 41 points to 2,275, the Baltic Pan am ax Index fell 4 points to 1,671 and the Baltic Handymax Index was up 54 points at 9,658. TIME-CHARTER: SA Fortious (built 2001) *****0 dwt
      Reuters  -  185 words
    • 261 19 sex *ooo NUT CWT Otetrfcutton 0.67 -0.04 tl Chuan Hup 0.44 -0.01 1223 Coico Investment —0.19 0.01 25 Freight Links 0.03 unch 20 OB HoMlngs 0.56 -0.01 10 JeyaHoMngs 031 0.02 5697 Keppei Corp 3.84 0.12 2310 K1 Venture 0.15 0.01 122 Keppei Tote 0.84 -aOI 1T7 Laproy
      261 words
    • 492 19 Refinancing deal allows its directors to regain control AFP [HOBART, Australia] Australian shipbuilder Incat has been rescued from receivership by the US military build-up for looming war in Iraq, the company's directors said at the weekend. A producer mostly of high-speed twin hulled
      AFP  -  492 words
    • PORTShots
      • 119 19 [SINGAPORE] Mitsui OSK Lines (MOL) and P&O Nedlloyd will launch a new service between Asia and Africa, with the first sailing from Singapore this week. Two existing weekly services, separated last year, have been combined to form the Container West Africa (CWA) service WAI and WA2. CWA
        119 words
      • 111 19 [SINGAPORE] Evergreen Marine Corp and Wan Hai Lines will launch a new joint intra-Asia service covering Taiwan, the Philippines and Vietnam next month. The service will run on a 14-day rotation calling Keelung-Taichung-Manila South Port Manila North Port-Ho Chi Minh-Kaohsiung-Keelung. Initially, Evergreen will deploy the
        111 words
      • 114 19 Bloomberg [AUCKLAND] Ports of Auckland Ltd, New Zealand's largest port, said its first-half profit fell 10 per cent after the company borrowed more, and spent more preparing to handle bigger ships being used by P&O Nedlloyd Container Lines Ltd. Net income for the six
        Bloomberg  -  114 words
    • AVIATION news
      • 668 20 Sales have cooled with the US economy; recovery not expected till'os Reuters {CHICAGO] For some corporate executives, it is back to long lines at crowded airports and a bag of pretzels for lunch. Sales of business jets, once the ultimate status symbols, have cooled
        Reuters; FILE PHOTO  -  668 words
      • 329 20 Bloomberg [WASHINGTON] FedEx Corp, United Parcel Service Inc and rival air-cargo carriers do not have to replace cockpit doors unless a US security agency decides the action is needed, under legislation approved by Congress. Cargo airlines backed the legislation, which may
        Bloomberg  -  329 words
      • 197 20 Bloomberg (ZURICH] Creditors of Swissair Group's airline unit will probably only recover as much as 6 per cent of the money they are owed by the former national carrier that went bankrupt in October 2001. The airline has assets worth about 472 million
        Bloomberg  -  197 words
      • 117 20 PAGE BSA 6 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 Cougar 5 CWT Globelink ...6 Delmas 4 Dongnama 3 ECL 3 Foong Sun 5 Gemartrans 4 Goodway 2 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien Hung 5
        117 words
    • 10766 24 THEBUSINESSTIMES t EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 04/03 H/03 COSCO UNI PATRIOT 034W 45******00 To ABIDJAN (ABJ) 2003 Cot* D'lvoiro 04/0] w/03 wan h« uni patriot 9«34W 45******M
      10,766 words
    • SHIPS IN PORT
      • 663 27 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BTMAKMURB 1FEB03 J1 A/SIDE 18/02 0400 BURCH WILLI 001 J16 A/SIDE 18/02 1000 DIANA MAJU 3 JB0201 J8 A/SIDE 18/02 0200 NIC0 3 1702 J25 A/SIDE 18/02 0630 PHU YEN 1 01 J14 A/SIDE 18/02 0800 RACHMANUEL 1 02/03
        663 words
      • 1847 27 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing (In- Berth Name Voy Voy s«q berthing Nmbr ACX MAGNOUA 060S 060S 1 1802/2003-800 18Q***** 1830 TO! ACX RAFFLES 074N 074N Jj 18*02/3003 23:00 *****00>900 T02 AEGEAN EXP 30N 30N 1_ 19/*****3 300 ALTONA 313 312 1 20P2/*****500
        1,847 words
      • 129 27 Feb 22 Philippines: EDSA Revolution Day. Mar 24 Brunei: National Day Marl Korea: Independence Day Mar 3 Australia: Labour Day Bulgaria: National Day Luxemburg: Carnival Mar 4 Malaysia: Awal Muharram Indonesia: Moslem New Year Day Portugal: Carnival Mar 5 Brunei: Hijriah Mar 8 Belarus: Women's Day Russia: Women's
        129 words
      • 798 27 THIS report, compiled by Cockett Ma nne 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
        798 words
      • 409 27 Carton no Mai 990.7 0.4 116 0.06 37 0.04 Fat 13 Omsk? Mar KhMm UUUmWM Si—it Mo a8om E25 0 0 0 0 0 ZZZ. 380 Ave *4.1 0.2 13J 0.05 21 0.02 r." 380 Mn 994.4 2.0 \tl 0 09 53 0.07 iMn »A M/w
        409 words
    • AIR & LAND transport
      • 602 28 'Family-friendly' flight times, quality image could help carrier compete Bloomberg [BALI] Air Paradise International began flights from its base in Bali to Australia, almost four months after a bombing on the Indonesian resort island delayed the airline's start of operations. Air Paradise
        Bloomberg; BLOOMBERG  -  602 words
      • 190 28 Xinhua [WASHINGTON] Three major US airlines have increased fares to help cope with fuel price hikes caused by recent uncertainties on the world oil market. The three airlines, Continental Airlines, American Airlines and US Airways, increased nearly all their fares by US$lO each way on
        Xinhua  -  190 words
      • 318 28 Reuters [ATHENS] Greece has challenged a European Commission ruling ordering it to recover 194 million euros (*****.2 million) in illegal state aid from national airline Olympic Airways, saying it believed the carrier owed it only 41 million euros. It also said
        Reuters  -  318 words
      • 207 28 AFP [RIYADH] Saudi Arabian Airlines has successfully contested the revoking of the licences of four Saudi pilots by US authorities on the grounds they posed a security threat, a spokesman for the national carrier said. "Lawyers for Saudi Arabian Airlines have appealed to concerned (US)
        AFP  -  207 words
      • 196 28 Bloomberg [SEOUL] Asiana Airlines, South Korea's secondlargest carrier, expects to gain an additional 4.3 billion won (556.2 million) in annual ticket sales from joining the Star Alliance, the world's biggest airline grouping. Asiana officially announced it is joining the team after the
        Bloomberg; REUTERS  -  196 words
      • 297 28 But second half bookings are 'encouraging' Bloomberg [LONDON] easy Jet Pic, Europe's largest low-cost airline, said it is charging passengers less in a bid to keep attracting budget-conscious travellers as full-service rivals cut fares. It also said second half bookings are
        Bloomberg  -  297 words
      • 182 28 Bloomberg [TAIPEI] Far Eastern Air Transport Co, TransAsia Airways Corp and Uni Airways, three of Taiwan's four domestic airlines, will cut flights starting next month to reduce costs because they could not fill almost half their seats last year. Far Eastern Air will halt
        Bloomberg  -  182 words
      • 1896 28 an nam ra w n» MMk mo* 2MB me_J» mm» «W sm» i2« rmm iwb MB WH WO tMKtM S023 0635 6*974 01)0 S0M3 (910 C2352 0035 (1837 1535 KL838 2330 COM IMS MM OB Nant *K741 1325 SO/YWT76 1035 mm sow quo wwib mm mam
        1,896 words
  • Page 19 Advertisements
    • 502 19 PSA to axe 700-800 to stay trim PEOPLE JERRY Salazar, former director of the Panama Maritime Authority, hat been appointed to the position of Minister of Stata for Canal Affairs by Panama's President Mireya Moscosa Mr Salazar will assume the chairmanship of the Panama Canal Board of Directors, replacing Ricardo
      502 words

  • Page 20 Advertisements
    • 523 20 1 NORTH AMERICA GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) |QULF KARACHI EXPRESB (OKX) vissa vor igo nic I vot ma mi OOaUaKA 44W05 00/02 24/02 OMIT PtO NEDUOTO PUSAN 041 15/02 14/02 11/02 24/02 OOCLNtWYOM 21W04 13/02 02/03 04/03 HAIUOA HAKU 111 20/02 21/02 23/02 02/03 OOCLOONA 40W07 70 ■■02
      523 words
    • 669 20 Unas 4 services represented by (*&m\ Members of ihe Registry of Members of A. f %S#| Accredited Sh.pp.ng Agenh, W- lx>oi*« Singapore Shipping Association Assocahon g ULY UNE MALI f msa VOY ETA ETA EU A f. KiAWG SfOtl mu Princess Lily 0203 26/02 27/02 08/03 Empress Lily 0203 16/03
      669 words

  • Page 21 Advertisements
    • 959 21 TO USA (SAX SERVKD VESSEI VOY SM ETA UX OAK DAL HOD CM COL MEM ATI NYC Aft CANADA 1111 19/02 06/03 10/03 H/03 11/03 N/03 04/03 04/13 07/03 07/03 Aft SCOTLAND 1151 21/07 13/03 17/03 10/03 10/03 10/03 10/03 10/03 21/03 21/03 API BELGIUM 1131 05/03 20/03 24/03 2S/03
      959 words
    • 1538 21 Page 3 DIRECT CALL TO COLOMBO 4 MYS caeuu won m smkatou mknmsohis«i;-m üb/mh ib ******57/41hul *jj»sj?i/j4 I SMSUS""* m ITD SSMffl- SB? 5532 tSSK I uihiiiui- liw T/SM»» *****025 *****114/44 I joNorsofno: COMVOTIOMAI MNSM *****700 I COSMO AOBMKfISOM IMP TE: *****0144 HULO7-ISMI7O vst/vor sfif we sw aw mi owuajttoutm
      1,538 words
    • 632 21 »ssa wr TT|«g ikt [GAITO »HUM I W073 llt/7 IVQ 4/3 I I ULAIHUM 212 22/2 23/2 ~WT HUWSA BHUM TjjOt? WI V 3 U/3 11/3 UUIHUM 7HS V 3 \imtm IWW I 7/3 IW3 11V3 I ll>3 I M/ 3 1 n>3 I UUiHUM ~W7T~ 1/3 I 1i75 m~
      632 words

  • Page 22 Advertisements
    • 756 22 HMNWHYUNDAI MERCHANT MARINE CO., LTD. HiHipi|r wwwi—2l.c— a HO. Ittt/HOOMM |vgsa yoT|k]sou|UM n» aw nam mv [ybm vot I soo I t» I «t» I ant I nam I wv "3T* NTMKraMNa hiw ii/n 44/41 M/n Ji/o? oj/oj Mtnnotfrr oo4i m/ii h/ii ii/ii 11/41 m/oi APIHONGKONC 101W 11/41 01/03 04/01
      756 words
    • 1169 22 WANHMMBMMKMM.PVSUD a m i4*W2oooo/o V-rrT\ TE:6726ISM (14IMS) MfcUMllU W\WAN HAI LINES V ni&mßwnwkvißWßiMKiniiiifMnwtißDimm/wiK www wa»6ai cm jam:mnQMiawtKi)ssoanaM:nun/nut) una* »:H)«HJWL>«>4MO«/Mt»»l I wrr I I m wsuombhoi m k nrr ws noiannnoTß jwrwrn m now: —mr -iw nr hut -?nr hMMIB Wl IVIJ* HA» Ml Ml Ml %m vm mmhi iis nn*
      1,169 words
    • 521 22 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTIN6 TO ALL NORTHERN AND WESTERN ICO PONTO «ga m sm rjamt coumbo rsnhr coubbo magi soiMf i;fb iifb nw iib* tmbmbb mat »f« »fa am am mm uaram rmtr cm mmm mm itm ism MMIBO MB II MM HUM It MM ||j| 77 MM
      521 words

  • Page 23 Advertisements
    • 1173 23 |VfSSU VOY KHH HKQ SIN PKL PXB BAB DMM EIK MAN KfRMAN PCL -299 19/02 20/02 23/02 24/02 03/03 27/01 12/03 14/03 IRAN ISFAHAN PCL 300 25/02 26/02 01/03 02/03 09/03 10/03 IS/03 20/03 IRAN HOftMOZOAN PCL 301 04/03 03/04 OS/03 09/03 16/03 13/02 25/03 27/03 IRAN TEHRAN PCL 302
      1,173 words
    • 485 23 a UK CONTINENT SERVICE Loacftngfor ORIGINATOR RDM/ATW/BMN/UK/NAN Loads Singapore, E-/W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT PAN LEADER ADN/JDH/AQA ATHINA D6l/ABU/DOH/BRN/DMM/KWT ASEAN GLORY ADN/HOO/JOH/AQA Toads Saigapore. E7W Mataysa. Indonesn USA SERVICE Looting for NAtmC CONFIDENCE CAM/NFK/SAV/NOL PAPAYIANNJS VCW/LAWMZL •Loads E>W Mafaryaa. Indonasa F.E./S.E.A. SERVICES Spore Loatfng for
      485 words
    • 854 23 -ffia— Jai m m _msa wt MM> ?H4S !IZB "/w HKMU n» mm n/oi B«zs mi w/07 mm itw Za^HZa^ll MM 70/07 21/02 -TKJMJ Z2* 27/17 81/ M mm SZH 13/07 nttmrn 0100 07/03 os/«3 iMJusk nan um m/w PAC OAWDA 00«_IN 75/07 75/07 JM. OAMDA a>47li 74/02 27/02 VtSSQ
      854 words

  • Page 24 Advertisements
    • 211 24 I LINE V«l }fmy <!■ Nm twip— 9wmm Tap jUwr IHA Ertwpsl K—» M#— London Senotor 954E" 18/02 26/02 08/03 10/03 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 London Senotor 954E" 18/02 21/03 02/04 Pacific Senotor 953E 25/02 06/03 12/03 T5703~
      211 words
    • 193 24 CWT GLOBEUNK PTE LTD 7 OWN OffKCS IN: TEL:*****833 (36 LINES) FAX:€ *****42 SYDNEY MELBOURNE KNANG ROKT KELANG RASI* GUDANG KUCHING BANGKOK KARACHI BOMBAY M. Nfw OIL Ml-COLOMBO HO CHI MINH CITY HAIPHONG HANOIBREMEN HAMBURG TIANJIN QINGDAO SHANGHAI XIAMEN fUZHOUOALIANXIAN BEIJING SHI JIA ZHUANG WEEKLY DIRECT GROUPAGE SERVICE TO CENTRAL
      193 words
    • 259 24 BSA MYANMA ■B FIVE STAR UNE (MynMr NitiMd UM) L>ifc| IN Y«|N «ssa vor sm m ra rai CNM SHWI HAW S4 W SU> PAGAN V3MW $10 M AAUTSIA: IMKUAD SNIPPING AGOKKS lUU •3-*****300 PKL 03-317*4101 PER: 04-*****02 BANK LINE (A MTVk* *******igg) NOKTHtOUNP TO EUKOPK V CONIAMBt, RORO, MUX
      259 words



  • Page 27 Miscellaneous
    • 132 27 Uqn L //^5T dMk. 4 LEGEND: Issued by Meteorological Services Division, NEA K Thunderstorm A Showers Rain emperature C S Wjn(J directlon an(J spee( j m Knots Weather w Cloudy Oay Sea Conditions Wind speed symbols I 1 O Full circle w/o line indicates calm or light and variable winds
      132 words