The Business Times, 20 February 2003

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Total Pages: 32
1 32 The Business Times
  • 14 1 THE BUSINESS TIMES SINGAPORE MITA (P) 010/03/2002 THURSDAY, FEBRUARY 20, 2003 Internet: http://business-times.asial .com.sg
    14 words
  • 884 1  -  It may also go to court over what they allege were misleading reports By Wong Wei Kong [SINGAPORE] A cross-bor-der deal gone sour and with all the ingredients of a soap drama will now play out its final act in a
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  • 250 1  -  Bat order backlog due to easier financing keeps premiums relatively firm By i Christopher Tan [SINGAPORE] COE prices have softened from their previous highs, after sharp increases in car prices kept buyers away from showrooms. But a backlog of orders spurred by easier financing
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  • 73 1 «n 1,315.53 (+21.72) ST INDEX FUTURES 1,312.00 (+22.00) SIMSCI FUTURES 161.00 (+2.40) Wednesday Change KLSECOMP 660.96 *3.51 NIKKEI 225 8.678.44 1453 HANG SENG 9.427 63 +3058 SET INDEX 371.18 +0.73 JAKARTA COMP _***** -100 MANILA COMP .lj»4 -134 TAIPEI WPI 4.550.83 54.48 SEOl'LCOMP _-.._600.83 2.62 SHENZHEN B 207.98 +140
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  • 73 1 FOREX RATES US$ 8$ ISS (SS per ISS) 1.751 £(l'S$/S$ per S) 1595 2.792 El'RO(l SS/SS/E). 1.071 1.876 YEN 119.1 68.00 RM 3.800 1170 H KS 7.800 4.454 BAHT 43.03 24.57 RITIAH 8.887 5,075 RENMINBI 8299 4.739 INDIAN Rl PEE47 70 27 24 PftlME RATES SINGAPORE* US MALAUMHH CM
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  • 796 1  -  By\ Eddie Toh, Harish Mehta in Bangkok US pension fund Calpers has decided against investing in some of the world's biggest markets, including China, India, Indonesia, and Russia, and is also not returning to Malaysia and Thailand anytime soon.
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  • 387 1 I LATEST US DATA Reuters AP [WASHINGTON] Construction of new homes and apartments rose in January to the highest level in 16 years as low mortgage rates continued to power a housing boom. The Commerce Department said that work was started on
    Reuters; AP  -  387 words
  • Page 1 Advertisements
    • 5 1 *****111 l 8 *****1 *****4
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    • 38 1 1 ASIA PACIFIC LIFE INSURANCE CONGRESS 1 It's a whole new ball game for Singapore's life insurers as industry lines blur. BT turns the spotliflht on the industry in a 6-page supplement in conjuction with the APUC Congress.
      38 words
    • 97 1 IHHHI BL Ja 1 A Mmla AkflllAfinAi __A ..1.t.itn1.i1..A triple challenge: cost cutting, maintaining quality and share listing Turning heads t\s $KhMOTWVPIFVtt^B I tH I jiaMWUßii I|j B case, to conceal its daytime grace, and reveal its sparkling evening beauty. It is a magical moment that others love to share
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  • NEXT page
    • 392 2  -  He'll sort ont confusion, says industry veteran Donald Haas By I Serena Ng [SINGAPORE] Ever had a financial consultant from a bank, an insurance agent, and a financial planner from a broking firm approach you within weeks of each other to sell
      392 words
    • 753 2  -  Senior writer Lee Han Shih wins best headline award Byi Andrea Tan [SINGAPORE] A sleek grey hound thought it won the race. Instead, they gave it a prize for the nice collar it had on. Something of the sort might have crossed
      753 words
    • ON THE grapevine
      • 141 2 US investment house BMF Investments (www.barrysbulls.com) had this to say in its Jan 31 report: "What could make the stock market move higher this year? Chairman Alan Greenspan could resign and the Federal Reserve could be eliminated. Think about it. If the economy gets appreciably better
        141 words
      • 54 2 IN an effort to save the environment, Star Hub's corporate communications team has decided to e-mail all press releases from now on. But those who are happy to see trees felled and get the telco's press releases via fax can inform the company. But please do so
        54 words
    • 409 2 OBITUARY [SINGAPORE] Homegrown fashion retailing entrepreneur Moti Melwani (above), who was responsible for bringing well-known brands like Levi's, Osh Kosh and Escada to Singapore, died yesterday. He was 64. BT understands that Mr Melwani, who had a heart bypass about 10 years ago, had a cardiac arrest
      409 words
  • Page 2 Advertisements
    • 403 2 Budget Seminar 2003 Raffles City Convention Centre, 2 Stamford Road, Singapore *****2 Stamford Ballroom, Level 4 Tuesday, 11 March 2003,1:30 pm to 5:30 pm This year's Budget will be announced on 28 February 2003. During Seminar Fees: the Budget speech, the Minister for Finance will give the Government's response to
      403 words

  • SINGAPORE companies
    • 304 3  -  It will pay $14.8 m in cash and issue 50m new shares By David Boey VIKAY Industrial Ltd, which was relisted on Sesdaq in January 2002 after four years under judicial management, unveiled plans yesterday to buy a Chinese fibre-optic network for $18.8
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    • 512 3  -  hocklßWF^^ r sivanithy IN the movie Field of Dreams, a celestial voice intones: "If you build it, he will come." The protagonist (played by Kevin Costner) duly obliges by building a baseball stadium smack in the middle of his cornfield. And eventually
      512 words
  • Page 3 Advertisements
    • 285 3 1 a physically spectacular production..."Sybil Shearer on f John Neumeier and the Hamburg Gate Dance fl b j A stage transformed into a mirrored Dancers who move as though on clouds. J and appearance melt into each other. A timeless universe set to the music of J.S. Bach. "The Best
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  • CORPORATE earnings
    • 237 4  -  Byk Andrea Tan SHAREHOLDERS of bedlinen maker and retailer Aussino Group Ltd can sleep easier. Aussino yesterday posted a 4.6 per cent increase in interim net profit to $4.1 million despite a tough operating environment and is hopeful of turnover and profit growth
      237 words
    • 525 4  -  Interim net 5.2% np;gronp holding its own despite weak economy Byi Vince Chong SECOND Chance Properties is holding its own amid a competitive retail market and a weak economy, thanks to its "niche marketing strategy". Yesterday, the company posted a 5.2 per cent
      FILE PHOTO  -  525 words
    • 388 4  -  Wamings reverse earlier expectations of profits for their respective periods By David Boey THE profit-warning spell has not been broken. Two days after precision engineering specialist Armstrong Industrial Corporation brought good news revising upwards its second-half performance projection another
      388 words
  • Page 4 Advertisements
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    • 504 4 tonno WWW.optimal2oo3.com Level 3, Suntec Singapore! OPTIMAL 2003 is the first*w&conflqrence which brings together a stellar line-up renowned IP professionals In Singapore. Share the strategies of theee IP experts and thought-leaders on how to maximise profMs and enhance insights into the latest trends and development in IP! riiiiini tanlnn til
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  • Page 5 Advertisements
    • 220 5 (Z_) I f=Xl_LS k r THE LEXUS ES300. POWERFUL ENOUGH TO SILENCE THE WIND. mm? "f -4 L> rn i'tI -fc- L-JttSfci" S ■K '*>•>" wfcr* w ->*;. *\u»" i M-"ir AkIoJ I >y «'x t» 'iisivi' C omputoi AkIcJ I i u) i r nt'i i ih (C At
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  • SINGAPORE markets
    • Article, Illustration
      311 6 OTHER SINGAPORE INDICES Feb 19 VALUE CLOSE BTOMDS 4J..00 +8.00 IT CAM -*****.00 +59.00 -*****.00 +4.00 350.37 +4.72 S6Eq«tHnB«ct 116.55 +2.09 SG EqaibM Fin 1131.59 +21.68 SGEMMMPKP 313.25 +2.25 MSCI Singapore 161.45 +2.64 SMSaFabm 161.00 +2.40 CTfflit SemCond 26c 12,292.000 Oalacraft 10c 10.245.000 SJrtfTet 15c 9.242.000 ST Ingg 10c 9.134.000
      311 words
    • 286 6  -  HOT STOCK/ WARRANT w Ven Sreenivasan A THREE-WEEK rally has lifted the stock of SembCorp Industries (SCI) to its highest levels in almost three months. The counter rose three cents to $1.01 yesterday its best close since Nov 25, 2002. The
      286 words
    • 813 6  -  STOCKS r. sivanithy IF Tuesday's session provided no surprises, then yesterday's did. Call it what you will "oversold bounce", "short-covering rally" or "relief rally" but more than a few eyebrows were raised at the 21.72-point rise in the Straits Times Index to 1,315.53. The
      813 words
    • 611 6  -  CURRENCIES US dollar falls below 120 yen; important support nearby at 551.7450-70 larry wee THE US dollar took a bit of a back seat as cross-trading took centre stage in Asian trading yesterday, on account of both renewed yen strength and a continued
      Source: Reuters  -  611 words
  • 3219 6 UNIT TRUSTS FUNDS SB Sel Gib Business IdrsPtfl(USD) 0.77/ Commerzbanfc Ant M^t AIM Amro Asset Mot (S pore) Com Global Finance ir3ex Fd 0 687/ Star Europe Eqty!** 0.567/ Com Global lifestyle Index Fd 0 776/ Star Europe Bd 1199/ Com Global Health Index Fd 0.728/ Star Europe Bal 0.86/
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  • SINGAPORE news
    • 454 7  -  Pre-tax profit rises 27% to USs23sm in 2002; bad-debt charges down By] Loh Hui Yin THE Singapore operations of the UK's Standard Chartered Bank last year made a pre-tax profit of US$235 million, up 27 per cent from 2001. Bad-debt charges for the year ended
      454 words
    • 227 7 A NEW certification for financial planning, tailored to standards of practice in Singapore and the other countries in the region, will be officially unveiled today by Singapore's Life Underwriters Association. Called the Chartered Financial Practitioner (ChFP), the certification will represent a regional
      227 words
    • 516 8  -  Goldman blames global slump and overly tight domestic policy t*y Chuang Peck Ming WITH slim hopes of a convincing turnaround in the global economy and an overly tight domestic policy stance Singapore is likely to continue to trail behind many Asian nations
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    • 213 8  -  By] Elgin Toh LUXURY watch chain Cortina Watch yesterday launched a 12-day sale at its Raffles City branch, pulling in big crowds with its huge discounts and long instalment plans. Not to be outdone, Sincere Watch's eightday sale will start today. Cortina is offering up
      CHRIS LOH  -  213 words
    • 116 8 MAJOR developers are expected to be interested in a 57,565 square foot residential site next to Tiong Bahru Plaza and MRT station. Property consultants reckon United Overseas Land, City Developments, Allgreen, Centrepoint and GuocoLand could be keen on the site. The Singapore Land Authority,
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  • Page 7 Advertisements
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  • Article, Illustration
    1090 8 Tranam'tUm (Uite: Feb W ntTEBBAMK CROSS RATES AS C$ (hnb Earo HKS tnd R> Bupiah Yen Won Wl N2$ Pak 8s Peso 5$ »and Sfr WT$ Baht Pwmd USS Australia 0.896 4.909 0.552 4.614 28.219 52.568 0.705 7.094 2.248 1.073 34.335 32.127 1.036 4.969 0.813 20.592 25.451 0.371 0.592
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  • Page 8 Advertisements
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    • 174 8 Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch (Sat, Sun ft. Publk Holidays): $27.80 (Adult). $17 (ChNd*) Dinner (Mon to Thur): $28.80 (Adult), $17.50 (ChHd*) Dinner (Fil, Sat, Sun 1 Eves of Publk HoMay): $30.80 (Adult), $18.50 (ChHd*) For reservations,
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    • 160 8 /ft; i* £lfl I Spring Court I I The Oldest SrV Chinese ResUmrwmt im Singapore itucc 1929. 74 Anniversary Special PEKING PUCK United to oae per table wfelinfe. orAer of $54 Mnrardt. IPCS off your total bill Valid only with a minimum $100 spwid on d la Carte m menu
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    • 99 8 |MER I T U S MANDARIN SINGAPOREf Flavours of Hunan 17 26 Feb 2003 Hunan Cuisine, one of the eight major regional v cuisine in China, features a distinctive blend of sour and spicy delicacies and specialities. Lunch Mondays to Saturdays: 12:00 noon to 2:30 pm Sundays 11:30 am to
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  • EXECUTIVE suite
    • 620 9  -  It renews the bulk of expiring leases for the current year and notes that historically, its renewal rate is 80%, reports Vlnce Chong Vince Chong A THIRD of the leases in A-Reit properties are scheduled to expire in the year ending
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    • 924 9  -  Tenants, investors should look closely at supply and demand interaction in sub-markets Toyokazu Imazeki CONSTRUCTION cranes in the late 1990s were a more common sight in central Tokyo than the national symbol, the rare redcrowned crane. And so, after a decadelong
      AFP  -  924 words
    • 448 9 DEVELOPER/ OWNER DISTRICT LOCATION SEE TOTAL UNTTS NO OF PRICE TENURE 'M'lM'W! (sql) LAUNCHED UNITS SOLD (SpsT) Bkw Horizon FEO 5 West 904-1.227 616 406 550 99-yr Robertson 100 MCLLand 9 Martin Rd 678-1.561 166 141 680 FH BeimondGresn CaprtaLand 10 Balmoral Rd 956-2.749 120 *79
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  • Page 9 Advertisements
    • 773 9 f 085 ir At Gilstead Road Currently tenanted as a 44 bedroom students' hostel ry/M Land Area/GFA 13,420/19,358 sq ft (approx.) /<* '-tijl IJT Good yielding investment with JAj f long term potential fjj 'II x 5 mins walk to Novena MRT Station and j'ffl I 1 10 mins drive
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  • EDITORIAL & opinion
    • 760 10  -  mnmsEm OPINION frank ching CHINA is trying to improve the lot of one of the country's most discriminat-ed-against minorities: migrant workers from the countryside who seek work in the cities. There are estimated to be more than 100 million such people, perhaps even 200
      760 words
    • 100 10 'We thought we were preparing for war with Saddam Hussein and not Jacques Chirac/ the deputy foreign minister of the Czech Republic, supporting the United States and Britain in the Iraqi crisis. 'Given the fact that the United States has blocked the United Nations from enforcing its
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    • 624 10 EDITORIAL MARKET analysts tend to be a rather optimistic lot Consider how, after each near-catastrophic market crash over the past year or more, many continued to urge investors to buy their way back into "oversold" stocks or markets. It happens whenever the market weakens, after
      624 words
    • 872 10  -  Contradictions abound. Economic pressures draw nations together while cnltnral and political differences pull them apart By\ Robert Samuelson WHAT may ultimately be said of a war with Iraq, assuming it occurs, is that it made the world safe for globalisation or that it proved
      AFP  -  872 words
    • 560 10  -  COMMENTARY Beware of the 'Genßich' lording it over 'inferior' types By Caroline S Wagner LAT-WP WITHOUT providing a shred of evidence, the Raelian cult made headlines with sensational claims of creating cloned babies. Far less attention is being paid to well-documented advances that will soon give
      LAT-WP  -  560 words
  • Page 10 Miscellaneous
    • 221 10 CRYPTIC CROSSWORD You cannot be serious, using —ißf" her way 12 What she wears, we hear, is Spotted dealing JIBIS Shortly ctean little room for ~IB" 20 Son in hat, swaggering type 24 A top class to study poet (5) 25 Deter plan to travel to Mars (3.6) (6) YESTERDAY'S
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  • REGIONAL news
    • NOTEBook
      • 102 11 Bloomberg [JAKARTA] Indonesia's Bank Restructuring Agency denied reports that Syafruddin Temenggung (left) will resign as its chairman after 11 months during which he oversaw 36.1 trillion rupiah (Ss7 billion) in asset sales. "We had a meeting yesterday with Temenggung, and he confirmed that he will not
        Bloomberg  -  102 words
      • 39 11 Reuters [KUALA LUMPUR] Malaysia Derivatives Exchange (MDEX) said yesterday it has deferred the launch of single-stock futures trading, targeted for the first quarter of this year, until further notice to carry out more studies.—Reuters
        Reuters  -  39 words
      • 79 11 Bloomberg [JAKARTA] Indonesia plans to delay the repayment of some bonds held by domestic banks to help fund its Budget deficit, the second time it is rescheduling debt issued in a bailout of lenders, a government official said. "We are discussing details of the
        Bloomberg  -  79 words
      • 66 11 Bloomberg [JAKARTA] Indonesia plans to end power subsidies for industrial users and charge market rates for electricity by the end of this year, Energy and Mineral Resources Minister Puraomo Yusgiantoro said. The tariff for industrial users will be set according to market prices in
        Bloomberg  -  66 words
      • 86 11 AP [KUALA LUMPUR] Malaysia's highest court will reconsider its decision upholding jailed former deputy premier Anwar Ibrahim's conviction on corruption charges and a six-year prison sentence, Anwar's lawyer said yesterday. The Federal Court will begin hearings on March 18. Three judges, including Chief Justice
        AP  -  86 words
      • 90 11 Manila in regi onal oil deals Reuters [SINGAPORE] The Philippines has struck deals with regional oil producers and plans to store crude oil for Iran to protect itself against supply disruptions from the Middle East, Vincent Perez, secretary of the Department of Energy, said. The Philippine National Oil Co has
        Reuters  -  90 words
    • 511 11 KUALA LUMPUR It may exercise exit clause if it thinks Deutsche could win major compensation: source Reuters TELEKOM Malaysia Bhd may pull out from a merger to create Malaysia's biggest mobile operator as a legal battle looms between takeover target, Celcom, and Celcom shareholder,
      Reuters  -  511 words
    • 419 11 KUALA LUMPUR Reuters MALAYSIA should shift to higher-value, servicesbased industries as soon as possible to counter shrinking foreign direct investment (FDI), representatives of Malaysia-based US firms said on Tuesday. The call from the Ameri-can-Malaysian Chamber of Commerce (Amcham), which includes
      Reuters  -  419 words
    • 290 11 KUALA LUMPUR Reuters A TAIWANESE investor has ended talks to sell its stake in Malaysia's Titan Petrochemicals and Polymers Bhd to state oil firm Petroliam Nasional Bhd (Petronas), an industry source said yesterday. Taiwan's Chao Group, 54 per cent owner of Titan,
      Reuters  -  290 words
  • 1543 11 8ICOM FUTURES Feb 19 RUBBQt Futures (Closing prices) RSS1 (S rents/kg) Close VofcMM OpM Moot* High Low Sott (toMMs) toterost Mar 03 172.75 Apr 03 175.75 May 03 176.00 Jm 03 176.00 RSS 3 (US cwfeAq) V«l«w Open Most* Ugh Low Sott (town) Merest Mar 03 90.50 i700 Apr
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  • Page 12 Advertisements
    • 4117 12 M)Provta»on for Depreciation on Investments lATnrimn Rank jm IJillilV I w r-™r-i m.sekweiili mm* in &M» SMr.«Cammm* 5 WM (Wholly-Owned by Government of India) investment ma<* m u™ts o>equ*> onemeo f una* I Head Office: 66 Rajaji Salai, Chennai 600 001, India '^TZ^T^Z'Zl B 4 g H Q)Corporate Debt Restructurtng
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  • REGION world
    • ASIANotes
      • 85 13 Bloomberg [BEIJING] China Life Insurance Co and rivals will be barred from investing in unrelated industries under a rule drafted by regulators. The rule is awaiting approval by China's State Council. It will become law once it is passed by the legislature in March. China's
        Bloomberg  -  85 words
      • 62 13 AFP [BEIJING] China plans to train and employ more than six million laid-off women by 2005, with many of them to be placed in jobs as nannies and housekeepers, state media said yesterday. The All-China Women's Federation said it would encourage more women to
        AFP  -  62 words
      • 74 13 AFP [ISLAMABAD] Foreign investment in Pakistan in the first half of the current financial year beat the total for the entire 2001-02 fmancial year by 22 per cent, according to official figures yesterday. The foreign direct investment (FDI) result for the six
        AFP  -  74 words
      • 62 13 AFP [NEW DELHI] An Indian court on Tuesday blocked a domestic tea firm from using Yahoo as the brandname for its products after a complaint by the popular US-based Internet portal. Delhi High Court Judge Manmohan Sarin said Yahoo had a valid case against Sarda
        AFP  -  62 words
      • 76 13 Bloomberg [SHANGHAI] Chinese companies' proceeds from the sale of new shares rose 73 per cent in January from the same month last year, the country's securities regulator said. Brewer Huiquan Brewage Group Inc. chemical maker Shanxi Antai Group Co and seven other companies
        Bloomberg  -  76 words
    • 188 13 HONGKONG Reuters HONG KONG is set to cut its welfare payments by as much as 11 per cent from around the middle of the year to try to reduce its ballooning deficit, a government source said yesterday. Leader Tung Chee-hwa's cabinet
      Reuters  -  188 words
    • 474 13 Bnt aviation experts urge caution, noting risks in overexpansion and a shifting regulatory landscape Reuters [SHANGHAI] China is opening its aviation infrastructure sector to lure domestic and foreign money into airports as it hunts for ways to pay for an ambitious
      Reuters  -  474 words
    • 260 13 BEIJING Reuters CHINA'S economy is expected to grow nearly 8 per cent this year, fuelled by strong investment and reviving consumption, a top government official was quoted yesterday as saying. In the first reported forecast of this year's economic prospects by a
      Reuters; REUTERS  -  260 words
    • 219 13 SEOUL Chairman may be gammoned for charges, say newspaper reports AFP SOUTH Korean prosecutors raided the SK group's offices yesterday for the second time in a week as part of a probe into alleged illegal stock deals by the country's third
      AFP  -  219 words
  • 4660 13 Transaction date: Feb 19 for more, go to wwwjOLsixwnenmarketsjoorn HONGKONG vol HKumn 1.25 -0.01 339 MB W- tm Hong Kong Electric 2910 -0.10 2499 Hongkong Chinese 4.64 0.01 162 Alpha General 0.21 unch 0 Hongkong Chinese Ltd 064 0.01 162 AnandaWingOn .0.01 unch ***** Hopewell Holdings 6 75
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  • Page 13 Advertisements
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  • WORLD news
    • 544 14 DUBAI In event of war, itH help make np for disruption in oil supply from Iraq OPEC power Saudi Arabia will support a temporary suspension of the cartel's oil output limits if an attack on Iraq halts exports from the world's eighth
      Source: Bloomberg  -  544 words
    • 297 14 ISTANBUL NYT Reuters TURKEY has demanded US$32 billion in economic aid from the United States to ensure its participation in a war with Iraq, as the two longtime allies both seemed to harden their positions. The American ambassador to Turkey, Robert Pearson,
      NYT; Reuters  -  297 words
    • 439 14 NEW YORK 2 other Wall St banks also face finding of frand MERRILL Lynch has become the third leading investment bank to be hit by an allegation of securities fraud as part of the settlement of conflicts of interest on Wall Street, the
      439 words
    • WORLDWatch
      • 74 14 Reuters [CHICAGO] Wal-Mart Stores Inc on Tuesday posted a better-than-expected 15.5 per cent jump in quarterly profit as strength abroad helped offset sluggish demand at its US Sam's Club warehouse stores. It earned U552.53 billion, or 57 cents per share, in the fourth quarter ended
        Reuters  -  74 words
      • 115 14 Bloomberg IMUNICHJ Deutsche Bank AG and its former CEO Rolf Breuer are liable to pay damages to Leo Kirch after a statement Mr Breuer made regarding the creditworthiness of the German media company Kirch controlled. Mr Breuer's statement didn't comply with rules of secrecy in
        Bloomberg  -  115 words
      • 91 14 AP [TOKYO] Japan's economy continues to weaken amid feeble consumer spending and record-high unemployment, a government report said, keeping its assessment for the current month unchanged. The Cabinet Office's report for February said worries remain about a slowdown in the world economy. Exports, which drove growth
        AP  -  91 words
      • 113 14 Reuters [BERLIN] The German economy is unlikely to recover in the foreseeable future and may have contracted in the final quarter of last year, the BDB Federal Association of German Banks said yesterday. "We can't see chances of a rapid improvement," the BDB said
        Reuters  -  113 words
    • 201 14 LOS ANGELES Reuters FOX, a unit of News Corp, got away cheap giving away a million dollars on 'Joe Millionaire*. The two-hour finale of the reality series was a blockbuster on Monday night, with an average of 34.6 million people tuning in, according to data
      Reuters  -  201 words
    • 375 15 Philip Kent to be new chief of Turner Broadcasting NYT [NEW YORK] Jamie Kellner, a television executive who built two successful networks from the ground up but could not reverse the slide of CNN against the onslaught of the Fox News Channel, said
      NYT  -  375 words
  • 2329 14 Transaction date: Feb 19 KUALA LUMPUR 4Nea f2 ya i FSBM 1.68 006 3 RM W- rooo) FW Industries A16 unct) 0 Gadanq 1.01 unch 0 A* M Realty OJO 005 10 9*™°? H? 525 6 Abnc .0.93 0.02 49 Ganad Corp 0.94 -0.03 16 ACmduiries .3 02 0
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  • 816 14 Transaction date: Feb 19 art— w Ow a—t» Mwt i Qmt om«H cac O 43 1 JiO «0060 NarSteel SOc 0 51 20*0 *0 020 GapitaLand 108 1040 OdC 892 9000 *0050 Chart SennCond 26c 0 63 0710 «OJ>15 OUt 0 58 4 200 *0190 dy D«v SOc 192
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  • 505 14 BONDS WARRANTS Last Vol Cmm Eia Mac Cm$mt Mi ««t fWI -fc Na mi AST1W*****1 175 1 16 179 0.69 16 Acma Ltd W*****6 2 1 50 MS 2-75 21 Amtek W*****0 79 0.5 98 1 33 2 1.39 28 Armstrong VMM0520 AS 1 10 62 13j00 IS Bar6%5A*****110k 104ce
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  • 5716 15 Transaction date: Feb 19 for live prices, log on to um y u uisiamiernarketsjoom 52-Wk Last Vol Day Last Quote GrOw On GrYld MM MCas L— Co—1| Sat* W- f«W W# f 8»y Utm Cm W M ABNAmroNLG 56c 9 12 3.4 1»8 20.5 9 ACE Dynamics20c 11.5
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  • 1465 15 U-Wh Last Val Day Last Quota GrON ON GrYW MM MCm I—i Ciwp«»| 5d» W- r—> I— M» Cw W M 22 75 A8RHIdgs5c *5 9 10.5 183 MS APOtSc 17 US 17 S 115 15 12 145 St 11.5 AS Auto 10c 13.5 »1 182 13.5 12.5
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  • 339 15 UM um Vd (tar Last Quote GrOw Mr GrTU MM HCm imm CI wp I S*» W- f—> W# L— m*m i*r Cw W M IIS n AVJenn«ngiA25( A100 unch 296 101 100 100 101 40 3.4 10 SJ 2152 Cathay Pac 20c MK720 265 2.1 7.4 6
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  • Page 15 Advertisements
    • 55 15 Regional Agent, Showroom t Service Centre: I rx AUDEHARS PI6UET (SINGAPORE) CU A I I F N ft T N G TTMFQ To celebrate the 30th anniversary of the Royal Oak. Audemars Piguet is 11 L L t- I* A *j I 1 M L O BACKING ALINGHI. SWISS CHALLENGE
      55 words

  • Asia Pacific Life insurance Congress 2003
    • 1149 16  -  tan being lee outlines how life insurers can tackle the many challenges facing the industry today TAN BENG LEE WHAT are the challenges facing our industry today? Firstly, there is the increasing convergence of players in the financial sector. The market is increasingly being liberalised. The
      REUTERS  -  1,149 words
  • Page 16 Advertisements
    • 55 16 The ideal venue for any event big or small New tiered seating with mobile stage A wide ranging F&B repertoire to meet all your needs 2»gWI PSA Singapore Expo Pte Ltd. I Expo Drive #01-01 Singapore *****0 Tel: (65) 6580 8308 Fax: (65) 6580 8300 www.singapore-expo.com.sg cr nan( soiut>o n
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  • 7th APLIC Congress 2003
    • 856 17  -  With new market regulations in place, insurance agents are no longer merely salesmen hawking products, adman foo and mike senc look at the changes in store MIKE SENG ADRIAN FOO RECENT market changes are set to transform the future of insurance agents in Singapore. New regulations,
      FILE PHOTO  -  856 words
    • 1245 18  -  weetiomc howe assesses the relative strengths of players as they slug it out for a slice of the retail financial services pie WEE TIONG HOWE PLAYERS in the new competitive financial services marketplace are adopting different strategies and business models in marketing retail financial services
      FILE PHOTO  -  1,245 words
    • 1503 19  -  Medical insurance is sorely misunderstood, mark myerson gives a lowdown on what you need from your plan MARK MYERSON THE need for medical insurance is probably the only universal need in financial planning. The only exception is wealthy people where serious medical costs will not affect their
      FILE PHOTO  -  1,503 words
    • 518 19  -  By SERENA NG SOME 12 years after Singapore's Life Underwriters Association (LUA) mooted the idea of a regional conference and the first such congress was held, the Asia Pacific Life Insurance Congress has returned to the island nation. According to Jeffrey Ho, president of
      518 words
    • 898 20  -  With all the new investment-linked products around, should you still look at traditional policies? Jason coh says yes. Here's why JASON GOH THE growing popularity of investment-linked products has been evident in the past few years. From 14 per cent of total new policies sold in
      898 words
    • 267 20  -  By[ SERENA NG THE Life Underwriters Association, which turns 25 this year, has changed its name to the Insurance and Financial Practitioners Association of Singapore (IFPAS). The new name and logo, which have been approved by the Monetary Authority of Singapore,
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  • Page 17 Advertisements
    • 274 17 leaders, are you a complete fZI™RM financial adviser? PLANNING UAJ 11 Five Key Questions to Determine Your Completeness as a Financial Adviser Entrepreneur: I* Do you have the ability to advise and deal in winning products, selected from a wide range of products and services from multi financial institutional providers?
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    • 46 17 '-;'M &3R As Fresh as You can get. MMtm ■i ii ♦**>»< V v' V k, Changi International Airport Services Pte Ltd Catering Services Division Post Office Box 4 Singapore Changi Airport Singapore *****1 Tel: (65) 6541 3440 (65) 6541 ***** Fax: (65) 6541 3446 Email: josephrappa@das.comjg >*■
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  • Page 18 Advertisements
    • 647 18 W~M H 1 i Mk* i V IFI K I^~Jh IL u V gIJ a Prudential Adviser will show you how a little can go a long way. n? t y- At Prudential, we realise that starting a savings and investment plan is not the easiest thing to do. You
      647 words

  • Page 19 Advertisements
    • 129 19 Audiences today respond to stimuli that engage hearts minds senses. We create far our diencs events that (kzde the senses, appeal to the heart, chaftenge the inteiect. and are relevant to peopled lifestyles, through a range of strategic, creative and production services, resulting in the most effective customer events, mid
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    • 234 19 f i Continual learning is the operative word in today's i 1 rnTU 1 To find out how you can become ChFP™ Chartered 1 fast-evolving business landscape. The ChFP Financial Practitioner™ email us at admin9ifpas.org.sg 1 tu, or fax your particulars to 6534 2345. (Chartered Financial Practitioner™) Certification is 1
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  • Page 20 Advertisements
    • 118 20 -tneiregion's premier educational ana networking platformforthe insuranceTnaust^^^^ Innovate yourself to keep pace with the changing market. Seize this once-in-a-lifetime opportunity to learn from industry gurus and network with 12,000 life insurance advisers at the region's largest insurance congress. Featuring 36 renowned international and regional speakers at 16 main platform and
      118 words
    • 316 20 The Business Times Weekend Edition You don't work on Saturdays? Get it at home! Saturday-only home subscription is now available at only $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 we
      316 words

  • Page 21 Advertisements
    • 1017 21 Ideas, information and an inventive spirit are key to exceling in the life insurance industry today. Featuring 36 of the world's most influential speakers, this highly anticipated event is set to empower its 12,000 participants with the vital tools of success. Get ready to experience a dynamic fusion of expertise,
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  • BIZIT
    • 544 22  -  Though the impact of Internet varies across sectors in Singapore, all report intense competition with increase in efficiency, learns Tang WengFai Tang Weng Fai INCREASED use of the Internet for e-commerce has helped businesses extend their reach to customers but also thrown up tougher competition
      Source: Crito; Cartoon: Miel/ST  -  544 words
    • 738 22  -  ■■JLHHHUaUBUaii TECHNOLOGY kenneth james IT WAS obviously a sore point with her. Why, this head of a local public relations company wanted to know, was the media publishing these upbeat reports by research houses when the situation on the ground was anything but upbeat?
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    • 529 22  -  Byi Angela Tan NOKIA PTE Ltd sees a "challenging" year ahead for the global telecommunications industry in the face of economic uncertainties, but the Asia-Pacific market is expected to fare better as the Finnish mobile phone maker expands its mobile voice to
      REUTERS  -  529 words
  • Page 22 Advertisements
    • 163 22 I "fM* -"'-*f J* I I I I I AND ALL THAT JAZZ. I Ulatch us unueil our neuily refurbished Hotel PhoeniK I I Lobby Lounge as uie bring you to Chicago, the mouie. I I J Come Join us on the 21 A2B February 2003, at 7.30pm, to an
      163 words

  • SHIPPING TIMES
    • 200 23 Reuters THE Baltic Dry Index rose 16 points to 1709, the Baltic Capesize Index rose 50 points to 2385, the Baltic Panamax Index fell 6 points to 1660 and the Baltic Handymax Index rose 23 points to 9723. TOCE-GHARTEH: Obelix I (built 1982) *****4 dwt 13.5 on 64
      Reuters  -  200 words
    • 268 23 MX *000 WW CWT Distribution 0.65 -0.02 3 Chuan Hup a42 -0.04 1909 Cosco Investment 0.19 unch 13 Freight Links 0X3 unch 15 SB Holdings 056 unch 20 Jeya Holdings 0-30 unch 3775 Keppei Corp 3.96 0.08 1828 K1 Venture 0.15 unch 140 Keppei Tele 0.84 unch 2
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    • 879 23  -  PSA still has to compete on services over costs, say industry watchers By\ Beth Jinks [SINGAPORE] PSA Corporation's cost cutting, retrenchment and divestment exercise may help sustain price competitiveness and re-gear the bottom line for a public listing, but will fail to keep
      FILE PHOTO  -  879 words
    • 232 23 AFP [BRUSSELS] The environmental group Greenpeace has launched an anti-war operation in the Belgian port of Antwerp in a bid to block ships loaded with war materials from heading to the Gulf. The group said it hoped to block at least five vessels in
      AFP  -  232 words
    • 263 23 Bernama [PENANG] Malaysian Transport Minister Ling Liong Sik said Malaysian ports are safe from any smuggling activities, including weapons by terrorists, as security measures have been tightened up. He said the tighter security measures, imposed following the Sept 11 attack in the
      Bernama  -  263 words
    • 118 24 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
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    • 596 24  -  lIHWBUILPS -By] David Hughes THERE has been talk recently of laying up some offshore support vessels. As well as a downturn in demand, the North Sea market has been unsettled by proposals to replace standby safety vessels with helicopters for rig evacuations. However, one
      596 words
    • 206 24  -  MAiLi.-rm Andrew Lansdale Lansdale Sons Ltd, UK I REFER to your report "Latest incident a warning on ballast tank checks" by David Hughes (Shipping Times, Feb 3). I agree entirely. I also happen to believe that a double hull configuration is no panacea. On
      206 words
    • 10503 28 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vassal Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest n Name Name Number Number SIN Dest'n Name Name Number Number 22/03 31/03 IRISL M.V. UNOAVIA PCL 303 45-4220IM4 C to To BANDAR KHOMEINI (BKM) 2037 Iran m/u aflat nfiMr ATroiTiij 01/03
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    • SHIPS IN PORT
      • 618 30 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL HAZEL ACE 84 J7 A/SIDE 20/02 060C NEWRESOLUT 1 J 4/5 A/SIDE 20/02 150( SPM 1 *****A J7/8 A/SIDE 20/02 140( TERANG 18 E3038 J3 A/SIDE 20/02 003< WINSTAR 7 02S03 J2 A/SIDE 20/02 063( WORLD ACE 25 J9
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      • 1678 30 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Itk Berthing Un- Berth Name Voy Voy ieq berthing Nmbr ACX ULAC 049N 049N 1 2202/*****500 2302/2003-03:00 ACX LHY 071N 071N 1 23*02/2003-07:00 *****003 15.00 ACX SAKURA 014S 014S 1 23/02/2003 15:00 **********00 ALNOOf C230W C230W 1 *****00*1500 *****00*0300 ALTOMA
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      • 129 30 Feb 22 Philippines: EDSA Revolutior 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
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      • 763 30 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indi cated The Cockett Bunker Price Index change and the
        763 words
      • 399 30 Cjrfcoa 180 Mai 990 7 0.4 U.6 0.06 37 0.04 u n Dnd, miter 8mMm flih'hiwimni No above E25 0 0 0 0 ==2 380 Ave 964.1 02 13J 0.05 21 0.02 380 Mai 994.4 2.0 W2 0.09 53 0.07 UAn %ll/li w tata Wo <>0x635
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    • AIR & LAND transport
      • 191 31 AP [TAIPEI] The top shareholder in Taiwan's biggest commercial carrier, China Airlines (CAL), said yesterday it plans to sell between a 20 per cent and 30 per cent stake in the airline by the end of June. The shareholder, the
        AP  -  191 words
      • 64 31 [TOULOUSE] A computer generated image of the Airbus A3Bofinal assembly plant which will be completed by the end of the year in Toulouse, France. The new super jumbo, which will enter airline service in 2006, will be the world's only twin-deck, four-aisle airliner. The serial
        REUTERS  -  64 words
      • 540 31 Bat industry body says govt must do more to help battered sector Reuters [MONTREAL] Canada's airlines applauded the federal government's 42 per cent cut in its domestic air travel security charge on Tuesday, but said more has to be done to
        Reuters  -  540 words
      • 664 31 Cabin crew to strike next week for higher wages Reuters AFP Bloomberg [SYDNEY] Qantas Airways flew into heavy turbulence yesterday when a local newspaper reported that the airline had plans to cut 2,500 jobs in the event of a protracted war against
        Reuters; AFP; Bloomberg  -  664 words
      • 259 31 Hand grenade found in luggage on flight from Caracas to London last week Bloomberg [CARACAS] British Airways (BA), Europe's No 1 airline, suspended service to Venezuela following last week's arrest of a passenger charged with carrying a live hand grenade in his luggage on
        Bloomberg  -  259 words
      • 278 31 Bloomberg {INDIANAPOLIS, Indiana] American Airlines, United Airlines and Northwest Airlines Corp matched a US$3 fare increase on routes where they compete with ATA Holdings Corp, whose increase marked the second time since Friday that some carriers tried to offset rising oil costs. ATA
        Bloomberg; AFP  -  278 words
      • 1959 31 an w— n> w m so32s b« umu 2350 mil Hi 8*7381 640 8*7312 2150 5» 0f8l 640 0f82 2150 *****8 1650 LH779 2359 S***** 650 W4579 2W am 8*7306 625 $***** 2359 Imttmtm S035 0655 KLU6 2330 of 6 *25 6137 635 S024 2345 H5
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  • Page 23 Advertisements
    • 48 23 HALL 401 SUNTEC SINGAPORE i ship and boat ibuilders engine/propulsion system manufacturers rri> lft Ift Oftft j COUNTLESS MARINE EQUIPMENT AND SERVICE SUPPLIERS A ■TT|TrTTT 18-20,2003 j but with so much to see, one visit surely wont be enough. |BAIRD| 10:00 TO 18j00 I ENTRY IS FREE-fill \MeJLe>4*i\
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    • 24 23 A War could JK seeQantas /3I slash Mr 2,500 jobs PAGE 9 CAL shareholder to sell part of stake by end June PAGE 9
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  • Page 24 Advertisements
    • 497 24 NORTH AMERICA QULF/INDIA SUB-CONTINENT (SUPER SHUTTLE EXPRESS (BSX) I MUlf KMMCHI tXWKII ffICQ J vrssa I vot u» rts »csa vor ju I PA4 I wo an OOCIUKIKA MWOS 01/01 26/07 Sfif PtO nUOTS niSAM Mf 15/02 14/03 10/02 14/0J OOaWWYMK MWO6 13/02 OJ/03 04/03 HAIUOAOUM 111 22/02 23/02 25/02
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    • 688 24 L"n« services represented by Members of #»e Registry of fJfcjyJ/ Accredited Shipping Agents, Singapore Shipping Association Members of ibe Singapore Logistics Association g LILY UNE MALE f VESSEL VOY ETA ETA ETA p. mm srott mil Princess Lily 0203 26/02 27/02 08/03 Empress Lily 0203 14/03 15/03 23/03 Princess Lily
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  • Page 25 Advertisements
    • 955 25 TO USA (SAX SERVICE) VESSEL VOY SM ETA lAX (Ml Ml HOII CHI COt MEM ATI NYC API SCOTLAND USE 20/02 13/03 17/03 H/13 11/03 11/03 10/03 11/03 21/13 31/03 API BELGIUM 113f 05/03 20/03 24/03 2S/03 2S/03 2S/03 2S/03 2S/03 21/03 20/03 API SWEDEN 00SE 12/03 27/03 31/03 01/04
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    • 1615 25 direct call to *—iwi —M 19-tiMVS aoaba(jok»ad 10 ours GBUAL ACOTS M SMGATOtf: K OOOMSOM M #12-40 SAIB/006S IE: *****457/43 ML *****21/14 I IMII ll—aim -A- IAIM U fIAVC SSftSSiS!" 1 ITD ssnss- ssrw? sss sags I iSSSa«S JS u»n/l»nww 1/SBPW *****125 *****114/44 I MNorsomo: awvomwui mikim tmnw I WKE
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    • 620 25 rasa vot Tw sk jkt figElttUM WD73 flft ffft flft M 74 I'/g UUIHUM 2!S "2272 WL tt~ HUWSAMUM WOt? 121/7 IV3 H/3 11/3 13/3 lW| UUIHUM 7HS 1/3 4/3 S/3 lAMAMHUM I IBM I 7/3 112/3 113/3 I l|/3 20/3 22/31 uUiHUM W7S "f/F" 11/3 12/3 «*S <ta* Sou*
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  • Page 26 Advertisements
    • 771 26 HMHW? HYUNDAI MERCHANT MARINE CO., LTD. Hwipni: WWWJ-21.c0m CI MO. *****H0000H \rnsa. wf jwT sou la |na ant |ma| aw jvtssa vot sow |ia na ant |ma|mT *W nt aopfNoaa juw 1 o/w m/u m/w m/w w/u aomram om m/oi »/oi m/oi n/oi m/w API HONGKONG 10JW I J/01 01/03
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    • 1250 26 WAN HAI VfTtRNATIONAL FH LID dttiwmM/l W\WAH HAI LINES ssSSSE&EssV ■■MMBakMnnaftmnMnHwiinnvaai JD »1) SS4IH ML Ml) SB47M na a. mai/Tuai unun »ww.w—,lW.l| MM:OM)4W4Ma9:OII|4IMHV4MHW ws uo aa m a k iwt ms tvo ra nrs mo ib Imns mi bm —"—mr-vm nrnnannr Km im ?i4 im wm mm mm mi mi
      1,250 words
    • 568 26 SfSiiSSW WEEKLY EXPRESS SAMJNG SCHEDULE ALSO ACCEPTIN6 TO All NORTHERN AND WESTERN ICO POMTS WHa VOT Ml FJttiNC COUMMO ISHTW COUMMO USAASM SOIM 17FB HFB BFB *B» II Ml ma mm mtx nib »b pmm is mm mm touram imu nm urn nwi i;mm is mm MM MB HUM l?IM
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  • Page 27 Advertisements
    • 1122 27 Ivisstl VOY KMM HKO SIN FKL DX6 lAI PMM MK MAN KIEMAN PCI -299 19/02 20/02 23/02 24/02 03/03 27/01 12/03 14/03 MAN ISFAHAN PCI 300 23/02 26/02 01/03 02/03 09/03 10/03 10/03 20/03 MAN HOAMOZOAN PCI 301 04/03 05/04 03/03 09/03 16/03 13/02 25/03 27/03 MAN TOMAN PCL 302
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    • 484 27 UK CONTINENT SERVICE Lowing tor ORIGINATOR ROM/ATW/BMN/UK/NAN Loads Singapore, EVW MiMyaa. Indonesia MIDDLE-EAST SERVICE Loadngfor VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT PAN LEADER ADN/JDH/AQA ATHINA DBI/ABU/DOH/BRN/DMM/KWT ASEAN GLORY ADN/H DO/J DH/AQ A ■Loads Sngapore. E/W. Matayaa. Indonewa USA SERVICE Loading for NAUTIC CONFIDENCE CAAA/NFK/SAV/NOL PAPAYIANNIS VCW/LAX/MZL Toads E/W. Malaysia. Indonesia F.E./S.E.A. SERVICES S'po>«
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    • 812 27 -ffia ssi sb m _msa m m *m nm n/91 rum rm mm ti/n mm 74/07 urn jkmsu u* n/w mcoamm wi» 25/02 25/02 jkw mi urn u/u_ JMJtm *m 24/02 27/02 rumu* <iw 07/03 n/n tk iawda mm 27/02 20/02 HKOABM MOM 01/03 02/03 PA( UNDI 049SN 03 03
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  • Page 28 Advertisements
    • 194 28 Vil ¥>y lh N»wi[Mpi|<— jggr ftili Nhpri lU—» M4w» Pocifk Sanotof 953E 25/02 06/03 12/03 13/03 Pacific Senator 953E 25/02 12/06 23/03 25/03 27/03 Pacific Senator 953E ~2T703" W Pacific Senator 953E 25/02 18/03 28/03 30/03 Honjin Hamburg TS7E" ***** 20/03 "*****" "Z775T Hqmfryrq Z Q7%" H VM "O^OT I
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    • 225 28 CWT GLOBELINK PTE LTD J OWN OFFICIS IN: TEL:*****833 (36 LINES) FAX.6225M742 SYDNEYMELBOURNE tENANGRORT KELANGPAH* GUDANG KUCHING BANGKOK KARACHI BOMBAY A. New DCLHI-COLOMBO-HO CHI MINH CITY HAIPHONG HANOI BREMENHAMBURG TIANJIN QINGDAO SHANGHAI-XIAMEN FUZHOU DALIAN XIAN BEIJING-SHI JIA ZHUANG DIRECT SAILING TO: m&uw suKomrnmn MUMBAI (BOMBAY) »WAEW delhi KOLCATTA (CALCUTTA) karacßiv
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    • 251 28 MYANMA BB FIVE STAR UNE (Mrawr Notioool Urn) Uodbf far Yooyoa Vissa VOT SM m Ptt P6U am shwi hw mw su> H6M V3O4W Si* M MALATSIA: OOOSTUD SWPPWG AGtNOES WJL 03-*****300 ftL 03-317M101 PBfc 04-2****** BANK LINE (A w«ki tl Aatrtw Weir SUpptof) I NormtooNP to euhopT" V COWIAMB,
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  • Page 30 Miscellaneous
    • 141 30 IJ J J ll *r y/W fw 1 2*L jHK. a p^sh 108 27. 7 26, LEGEND: Issued by Meteorological Services Division, NEA K Thunderstorm A Showers R a i n lemperature wind direction and speed in knots a "f" Weather u Cloudy Day Sea Conditions Wind speed symbols s
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  • Page 32 Advertisements
    • 268 32 t^5 L 11th February 2003, Pan-United Shipyard Pte Ltd, a wholly-owned subsidiary of Pan-United Corporation Ltd, 1 delivered the new 64-metre anchor handling tug supply and service vessel. M. V Pacific Runner is the second of the 2 vessels awarded by our valued customer Swire Pacific Offshore Operations Pte Ltd
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