The Business Times, 25 February 2003

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Total Pages: 26
1 26 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 010/03/2002 85C SINGAPORE ir.tcrnst: http://business-times.asial.com.sg TUESDAY, FEBRUARY 25, 2003
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  • 608 1  -  Proposed BIAS rale could require Wee Cho Taw to give up one post By Siow Li Sen [SINGAPORE] Under new rules proposed by the Monetary Authority of Singapore, Wee Cho Yaw, chairman and chief executive of United Overseas Bank, will in future not
    FILE PHOTO  -  608 words
  • 863 1  -  Toshihiko Fukui won't rock the boat, say analysts From. Anthony Rowley in Tokyo JAPANESE Prime Minister Junichiro Koizumi has opted to play it safe in nominating a new governor for the Bank of Japan, when the name of Toshihiko Fukui, a
    863 words
  • 72 1 ST! 1,306.79 (-8.24) ST INDEX FUTURES 1,317.00 (+7.00) SIMSCI FUTURES 162.10 (+0.60) Mondav Change KLSECOMP 651.56 2.93 NIKKEI 225 N.564.95 +51.41 HAMi SENG 9.239.47 -11 39 SET INDEX 3S2.W +2.56 JAKARTA COMP -***** +0.78 MANILA ('OMP .1.013.93 177 TAIPEI WPI 4.***** +60.85 SEOl'LCOMP _.616.29 +1269 SHENZHEN B 204.26 +001
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  • 406 1  -  It's seeking merger of its unit with 2 other companies From Eddie Toh in Kuala Lumpur AFTER a lapse of six years, Singapore's OCBC group has revived its plan to create one of the largest insurers in Malaysia. The Singapore group,
    406 words
  • 85 1 FOREX RATES* US* SS rSS(S$perl'SS) 1.743 £(ISS/SS prr i) 1.592 2775 ETROfl'SS/SS/E). 1.0H1 I .884 YEN 118.4 67.90 RM 3.800 2.181 HKS 7.799 4 476 BAHT 42.82 2457 Rl PIAH 8.909 5.112 RENMINBI 8.299 4 763 INDIAN RI PKK 47 73 27 39 Feb 21 Feb 21 PRIME RATES
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  • 587 1  -  Society files suit to halt rival from using ChFP name Byt Genevieve Cua, Serena Ng [SINGAPORE] What's in a title? More than you think, if you're a financial planner. A legal tussle is brewing between two financial planning associations over the use of two
    587 words
  • Page 1 Advertisements
    • 12 1 GREAT EASTERN 5233 m +15.6% PARKWAY $33.3 m +167% Reports. Pa(je 6
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    • 25 1 I 111 8 "*****1 '*****4 3[ I feel really blessed %l and <> really 3 lucky NORAH JONES, who won 5 Grammy awards yesterday Paße 12
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    • 82 1 CATHERINE ONG, Page 3 I T llS^B I i- I ITT' fTTn kan i M Tiki >. l ,';.< |iltill«uutiii^MM(m>>W>n'n^||! Breguet. La passion laisse des traces. w Wristwatch "Grande Complication" in 18-carat yellow gold Hand-wound mechanical movement /--iwTl//)/*// Hour and minute dial oft-centred B-shaped small seconds hand on the Tourbillon
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  • NEXT page
    • ON THE grapevine
      • 105 2 WHEN a building in Singapore is "gazetted" as a monument, it is supposed to be preserved in its entirety. That means no one is supposed to damage a brick. Recently, a portion of the boundary wall of the Cathedral of the Good Shepherd Singapore's oldest Catholic church
        105 words
      • 88 2 IT looks like the Delgro-Comfort merger is a done deal. The independent financial advisers to the two companies have urged shareholders to vote in favour of the merger, citing cost savings, synergies, combined financial strength of the merged entity, enhanced growth, optimal resource use and broader
        88 words
    • 56 2 IN our report "SGX interim profit soars 43% to $31m", we erred in saying that the Singapore Exchange has a policy of paying out 75 per cent of its profit as dividend. SGX's policy is to pay out not less than 50 per cent of its profit as dividend.
      56 words
    • 519 2  -  Birmmm HK losing edge as gateway to China amid booming mainland economy By Audrey Tan [SINGAPORE] Is Hong Kong becoming less important as a gateway to China? Singapore's investment and trade promotion agencies appear to think so, as they scale
      519 words
    • 658 2  -  He poshes trade pacts as way to gain economic edge Froml Eddie Toh in Kuala Lumpur SINGAPORE Prime Minister Goh Chok Tong has urged members of the NonAligned Movement (NAM) to embrace free trade agreements in a bid to revitalise the
      AP  -  658 words
  • Page 2 Advertisements
    • 287 2 Options Work! An appreciation of versatile forward contracts from plain to exotic Date What Friday, 21 March 2003 There are occasions when the term "option" is best left unmentioned 9 00am to 5.00pm in a financial transaction. The option novice shudders when confronted with descriptions of in, at or out
      287 words

  • SINGAPORE companies
    • 552 3  -  Accord amends prospectus; Heeton waiting for good time to launch IPO By Serena Ng THE initial public offering launches of Accord Customer Care Solutions (ACCS) and Heeton Holdings have been delayed, but company representatives of both firms yesterday said they are still
      FILE PHOTO  -  552 words
    • 245 3  -  Byi Angela Tan SINGAPORE Telecommunications Ltd, which has pumped millions of dollars into building cable networks, is optimistic about its investments despite concerns of a bandwidth glut. "A lot of media and analyst reports have exaggerated the bandwidth glut situation. It is true
      245 words
    • 982 3  -  irmTi lock siew catherine ong WHEN DBS Group Holdings embarked on a strategy of staying out of the price war on Singapore housing loans last year, it knew it would lose market share. What it didn't know was that the extent
      982 words
  • Page 3 Advertisements
    • 44 3 Recommended for Formula ***** I I I I I the Yellow Pages to locate V, IflJ or the I fii yHk^S!jLl ft 1 In one year Yellow Pages H tut Nifrm -A y- I I L c To an I sales@singtel-yp.com I yellow pages*
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  • SINGAPORE markets
    • Article, Illustration
      320 4 OTHER SINGAPORE INDICES j Feb 24 VALUE 1 CLOSE 11 STOWS 47.00 34.00 BTCAM -*****.00 -42.00 BT 10-day MA -*****00 +5.00 Ai-SGEq«ftws 349.59 J..61 SGEqwbes Elect 118.26 +1.23 SG Equities Fie 1123.04 -10.61 SG Equities Prep ft.1.29 -1.47 160.86 -0.87 SMSCIFatavM 162.10 40.60 Stocks Www Chew Eu Hock 0.5c 27,799,000
      320 words
    • 271 4  -  By Ven Sreenivasan ST Engineering is one of those stocks that has a loyal following among investors who appreciate attractive dividend plays and strong operating performance. Of the five research houses that have issued recommendations on the counter during the past month,
      271 words
    • 738 4  -  I-I I comment STOCKS ven sreenivasan THE market continued to tread water yesterday as the world watched the seemingly inexorable march towards war in the Middle-East. Investors showed little inclination to take positions ahead of the latest report from United Nations chief weapons
      738 words
    • 585 4  -  |:ji comment CURRENCIES Imminent appointment of conservative BOJ head could be a factor larry wee THE Australian aivLMSw Zealand dollars exploded to highs against the US and Singapore dollars in Asian currency trading, but European units lost ground. A nice bounce on Wall
      Source: Reuters; Source: Bridge, Reuters  -  585 words
  • 3346 4 UNIT TRUSTS FUNDS SBSelGIb Business LAsPtfKUSD) 0.77/ ComMnbaik tan Mgt A6N Ainro Asset Mgt (S'pore) Com Global Finance Index Fd 0691/ Star Europe Eqty!** 0 556/ Com Global Lifestyle Index Fd 0 775/ Star Europe Bd 1203/ Com Global Health Index Fd 0.738/ St* Europe Bat 0 85V Com Global
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  • Page 5 Advertisements
    • 115 5 On-board Broadband Network-connected In-flight Internet «L*.^^Sl^^^BB^^^B Our down-to-earth "IT" solutions are out of this world. Mitsubishi Electric's "Integrated Technology" solutions are the technology safeguards your data. And our next-generation MPEG core of a universal communication network designed to keep you video encoding technology breaks new ground in lighter yet higher
      115 words

  • CORPORATE earnings
    • 633 6  -  B&ncassnrance success lifts insurer to top spot in terms of new life business By< Wong Wei Kong IF the latest results from Great Eastern Holdings are anything to go by, more Singaporeans are buying insurance products from banks than traditional agents. Last year, bancassurance
      633 words
    • 513 6  -  Results boosted by healthcare unit, M'sian hospitals By' Vince Chong, Andrea Tan SAYING that healthcare is a good defensive business, Parkway Holdings yesterday posted a 167 per cent jump in full-year net profit to $33.3 million, in a period which also saw the
      ARTHUR LEE  -  513 words
    • 252 6  -  m Michelle Quah CONTINUING price erosion in the hard-disk drive (HDD) industry has taken its toll on mainboard-listed MMI Holdings' interim earnings. Despite a 28 per cent rise in revenue to $207 million for the half year ended Dec 31, 2002, net profit
      252 words
    • 267 6  -  By Elgin Toh MAINBOARD LISTED Total Automation appears immune to fears of a Middle East war. Speaking at the announcement of company's 2002 results yesterday, chairman Richard E Willenbrock said: "What happened during the 1990 Gulf War was that many rigs and ships
      267 words
    • 125 6 When results are due Cycle Carriage Feb 25 Del Monte Pacific Fab 26 Hotel Plaza F«b 25 MCLLand Feb 25 OCBC Feb 25 United Overseas Land Feb 25 Unisteel Tech Feb 25 Elec Eltek International Mi 96 Neptune Orient Lines Feb 26 MultMsion Feb 26 Overseas Union Enterprise
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    • 309 6  -  Michelle Quah THE Malaysian associate of Singapore-listed auto group Cycle Carriage Ltd has notched improved revenues for 2002, thanks to increased sales of Mercedes-Benz vehicles in the country. But Cycle Carriage Bintang (CCB) also warned that future earnings would be "substantially
      309 words
    • EARNINGSRoundup
      • 75 6 SINGAPURA Finance yesterday posted a 3.9 per cent rise in first-half net profit to $1.4 million. Interest and hiring income fell from $9.13 million to $8.15 million. Interest expense for the half-year ended Dec 31,2002, fell 48 per cent to $1.3 million. But income
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      • 74 6 UNITED Pulp Paper (UPP) has suffered a 50 per cent fall in net profit for the full year to Dec 31,2002, to $1.2 million. This was despite a 21 per cent increase in turnover to $70.4 million, which came from increased sales by
        74 words
      • 86 6 Reuters NEPTUNE Orient Lines (NOL) is likely to post a record loss for 2002 as depressed freight rates take the wind out of its sails. Analysts say the worst is over for NOL but that a turnaround for the loss-making group hinges on its success
        Reuters  -  86 words
      • 79 6 Reuters OCBC Bank is expected to announce a drop in 2002 profit, hit by the weak economy and a lack of one-time gains. But analysts say the focus is on its outlook and divestment strategy this year. OCBC will release its full-year 2002 results today.
        Reuters  -  79 words
      • 103 6 Reuters ELECTRONICS contract manufacturer Venture Corp is likely to post a 28 per cent surge in 2002 net profit, boosted by strong orders. Riding on the industry's rising outsourcing trend, and buoyed by new revenue streams. Venture is expected to post annual earnings growth
        Reuters  -  103 words
  • Page 6 Advertisements
    • 123 6 Wharton j r SINGAPORE The Wharton School LX MANAGEMENT UNIVERSITY The Wharton-SMU Executive Programmes. One of the most important investments you'll ever make. Wharton-SMU In an era of exacting global competition for skills Executive Programmes and j nnova tj onS| the Singapore Management University Corporate Finance (SMU) is primed to
      123 words
    • 26 6 Calling all companies If you have decided op the date to release your financial results, give us a call at 6319-5318 or email us at btnews<@sph.com.sg
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  • SINGAPORE news
    • 843 7  -  Housing rates seen holding np better than commercial and industrial ones By 1 Kalpana Rashiwala DEVELOPMENT charges (DC), payable for enhancing a site's use, are likely to fall further come March 1 in line with the weak property market. "Commercial and industrial
      843 words
    • 226 7  -  P=tf 3 on the economy inflation By Elgin Toh THE Consumer Price Index rose 0.9 per cent year on year in January, the Department of Statistics (DOS) said yesterday. This was the third consecutive monthly rise in year-on-year terms and has ended earlier
      Source: DOS  -  226 words
    • 353 7 EDB, Spring scheme aims to help schools win bigger slice of education market THE Economic Development Board (EDB) and Spring Singapore have launched a new programme to help private education organisations (PEO) become world-class. This is in support of the Economic Review Committee's strategy
      353 words
    • 216 7 THE Ministry of Finance and the Central Provident Fund Board (CPF Board) yesterday announced that the CPF PAL PIN will be replaced by "Sing Pass" from March 1 as the common password for government e-services. "Sing Pass" stands for "Singapore Personal Access". With
      216 words
  • Page 7 Advertisements
    • 82 7 *^^p|pBCSSE f SINGAPORE'S E POWER BREAKFAST Get a head start on the INI rest of the world, and RESTAURANT BAR Jq it ttt StjU at TOUM 9 Restaurant Bar at I The Fullerton Singapore. tfci yj Town's unique breakfast creations and 'power juices' JtK boost your energy levels. For a
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    • 221 7 I Growing business m m ■Rw' A jp» _;.jM^BBBMM|MM now costs 50% HgV^EM-ITI SS» Wtatowxoo MB Microsoft* 50% Off Opon License Promotion. Act now! Offer ends 24 March. This unbeatable offer from Microsoft saves you money r??ffffln3lT?|lfffflff3?flMßß^Bißß!!^Bßßl because with every license you purchase, your next license of e licenses: 3
      221 words

  • EDITORIAL & opinion
    • 758 8  -  H7TT3 bottom line OPINION paul krugman NYT THE Marshall Plan was America's finest hour. After World War I, the victors did what victors usually do: They demanded reparations from the vanquished But after World War II America did something unprecedented: It provided huge
      NYT  -  758 words
    • 42 8 'It is no longer just a war against terrorism. It is in fact a war to dominate the world, that is, the chromatically different world.' Mahathir Mnhamad Malaysian prime minister, to the Non Aligned Movement conference in Kuala Lumpur
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    • 592 8 EDITORIAL WHEN a commercial dispute broke out a year ago between Indian software maker Polaris Software Labs and the Jakarta-based Bank Artha Graha (BAG), Indonesia's reputation was put in the dock Polaris was portrayed in the media as a victim of Indonesia's unpredictable commercial environment in
      592 words
    • 1134 8  -  To predict how businesses or consumers will behave, look to their emotional and psychological make-up By Lim How Tan Chin-Hwee IN the battle between passion and reason, according to Abraham Lincoln, passion usually has the last say. In essence, human behaviour is far less
      AFP  -  1,134 words
    • 335 8  -  MAiLi.-rm Jean Tan (Ms) Director. Corporate Communications for Prrmanent Secretary Ministry' of Manpower Jeanna Das (Ms) Corporate Services Division for Chief Executive Officer Building and Construction Authority WE refer to the column "BCA should not collect fees upfront" by Lee Han Shih
      335 words
  • Page 8 Miscellaneous
    • 248 8 CBTPTIC CROSSWORD 1 Made a fuss when key was put M commonsense and energy (2, 22 Greek name in newspaper ar27 Not consider inaccurate meaoo iAyfv\ ural evolution (9) torn of shed (5) 28 It is beaten by those who are nnLt V* beaten (7) 8 YESTERDAY'S SOLUTION DOWN 14
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  • FOCUS property
    • 556 9  -  I-i I comment PROPERTY It'd affect many parts of S'pore's economy lee han shih WHAT might President George W Bush be planning that could have a big impact on Singapore's economy and its housing prices? No, it is not a war in Iraq,
      556 words
  • Page 9 Advertisements
    • 139 9 Visit Spain's Number One Estate Agent and discover the advantages of investing in Spanish Real Estate. Saturday Ist Sunday 2nd March B The Worldwide Property Show K] Suntec Singapore International Convention MSI Exhibition Centre El 11-6pm Concourse Level 3 El Ocean Estates International specialise in the sale of individual homes
      139 words
    • 341 9 M\ Jones Lang W LaSalle. At Gilstead Road Currently tenanted as a 44 bedroom students'hostel Hkß t Land Area/GFA: 13.42Q/***** sq ft (approx.) *11 Good yielding investment with 'A? ,r 1 ft.£ long term potential M y I N 5 mins walk to Novena MRT Station and fjt <41 5
      341 words
    • 277 9 160 CHANGI ROAD, SINGAPORE PT" JtliQzk <\ 'jHfIH i T 4&A. t '\i f'tt ii jjmmma j L a X r -j- L N I ■V '.j- V J FOR SALE BY PRIVATE TREATY Description A 4-storey commercial building with 2 basements Location Prominently situated along Changi Road and is
      277 words
    • 95 9 SALE BY TENDER 148 SWISS CLUB ROAD 2 Storey Freehold Bungalow with basement and pool Size Approximate 20,700/8,200 sqft Sale with Tenancy Closing date: By 4.00pm on 12* March 2003 For documents and enquiry, please contact: PHILIP NG (DID) 6228 7376 (HP) 9450 2126 16 Raffles Quay #50-00, Hong Leong
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  • REGINAL news
    • 400 10 SHARE PROBES Its shares lost 46% in two months, raising talk of speculation Bloomberg [JAKARTA] The Indonesian Capital Market Agency has started an investigation into the trading of PT Lippo Bank shares for a twomonth period after allegations of price manipulation, said an
      Bloomberg  -  400 words
    • 171 10 BANGKOK Bloomberg THAILAND'S Securities and Exchange Commission said it is seeking charges against Kittipat Yaoprukse, president of Thai Internet company Roynet pel, for falsifying accounting statements and insider trading. The regulator, which conducted a month-long probe of Roynet, referred the case to police
      Bloomberg  -  171 words
    • 37 10 [MANILA] Philippine protesters linking arms during a protest outside the US embassy in Manila yesterday. The demonstrators said they were against any form of aggression on Iraq by the US. WARJCTTDIS, Pf 12 REUTERS
      REUTERS  -  37 words
    • 586 10 KUALA LUMPUR Bloomberg KHIR Abdul Rahman vowed to cut costs and boost profit when he took over Telekom Malaysia Bhd as chief executive officer. Investors who sent the stock down 40 per cent in the past three years say the 56-year-old former
      Bloomberg  -  586 words
    • 224 10 JAKARTA Only 3-4 of the 8 potential investors will be picked THE Indonesian Bank Rescue Agency (Ibra) will this week announce a shortlist of bidders for a majority stake in PT Bank Danamon, the country's fifth-largest lender by assets, an official said.
      224 words
    • 183 10 JAKARTA Bloomberg PT Indonesian Satellite Corp, the country's main overseas call operator, hired Hay Group/AT Kearney Inc to advise on its plan to become a cellular phone company, it said in a statement to the stock exchange. Indonesia's second biggest phone company,
      Bloomberg  -  183 words
    • NOTEBook
      • 60 10 Reuters [BEIJING] More than ISO people died when an earthquake measuring 6.8 on the Richter scale struck China's north-western region of Xinjiang yesterday, a seismological official in Kashgar city said. More than 1,000 people were injured and over I,ooohomes were flattened, a Xinjiang regional
        Reuters  -  60 words
      • 109 10 Bloomberg [ISLAMABAD] An airplane carrying eight people, including Afghanistan's Minister for Mines and Industries Juma Mohammad Mohammadi, crashed in the Arabian Sea about 80km west of Karachi. All on board were feared killed, Pakistan's civil aviation authority said. The plane was owned by the
        Bloomberg; AP  -  109 words
      • 64 10 Bloomberg [BANGKOK] Bangkok Bank, Thailand's largest lender, and four rivals may have their debt and deposit ratings raised by Moody's Investors Service. The other banks are Krung Thai Bank, Thai Farmers Rank, Siam Commercial Bank and the Industrial Finance Corporation of Thailand, Moody's said. An
        Bloomberg  -  64 words
      • 53 10 AFP [MANILA] Malaysian carmaker Proton will export 5,000 cars to Iraq in August after selling a similar number to the embattled country last year, Malaysian Trade Minister Rafidah Aziz said here yesterday. She said Malaysia was prepared to sell Iraq buses and trucks
        AFP  -  53 words
      • 62 10 Reuters [HONG KONG] The Malaysian government has asked foreign and domestic banks to submit bids for a US$42O million equivalent dual-currency loan, debt markets newsletter BasisPolnt reported yesterday. The loan, which is likely to be raised through the finance ministry, includes a US$l7l million tranche
        Reuters  -  62 words
      • 66 10 AFP [TAIPEI] Taiwan s highest economy planning bodymet yesterday to review a controversial proposal to build a new international airport in the island's south. But the Council for Economic Planning and Development (CEPD) said no final decision would be reached during the closed-door meeting.
        AFP  -  66 words
    • 423 11 CHINA FORAYS It's eyeing ventures in credit card and mortgage areas Reuters [HONG KONG] Asian specialist lender Standard Chartered Bank said yesterday it is in talks with several mainland China banks about business tie-ups after securing a partnership with state-owned Bank of
      Reuters  -  423 words
    • 206 11 SHANGHAI Bloomberg HANG Seng Bank Ltd, Hong Kong's third-biggest lender, has applied to buy a stake in China Minsheng Banking Corp, the latest overseas lender to try and tap Asia's fastest-growing economy. "We have received an application though no final approval has
      Bloomberg  -  206 words
    • 218 11 AP [TAIPEI] A Taiwanese think tank yesterday proposed that the island promote the use of the Internet to help make up for a computer industry that has reached its peak and may be slowing down. In a report to President Chen
      AP  -  218 words
  • Page 10 Advertisements
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      194 words
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      90 words

  • Article, Illustration
    1091 11 Transaction date: Feb 24 QtTERBAMM CROSS RATES AS C$ 9mk Imp HK$ M ■> tutnaft Tw Wow M fib Nh SS tmt Sir MT$MK Hmt 115$ Australia 0 901 4.973 0.554 4.674 28 605 53J87 0.709 7.142 2277 1071 34.8* 32.505 1.044 4.857 0.814 20.830 25X60 0376 0399 Canada
    1,091 words
  • 1600 11 SICOM FUTURES Feb 24 RU88ER Futures (dosing prices) RSS1 (S cents/kg) Close Volume Open Month Hkjh Low Sttt (tows) Interest Mar 03 180.25 Apr 03 182.75 May 03 182.75 Jun 03 *2.75 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tomes) Merest Mar 03 103.00 103.00 103.00
    1,600 words

  • REGION world
    • Article, Illustration
      120 12 and really lucky I Norah Jones, 23, who won in every category where she wes nominated, tied Lauryn Hill and ANcia Keys for moat wins. She Je the daughter of Indtensitar maestro Ravi Shankar and long-time New Ybrk concert producer Sue Jones. EmfcMfn Pop Vocel Pfformno# by o
      120 words
    • 512 12 TOKYO Dent in consumer confidence seen, with shipment costs expected to rise Bloomberg JAPANESE companies say a US-led war in the Persian Gulf will crimp demand for their products around the world amid slowing economic growth at home. A war to disarm Iraq threatens
      Bloomberg  -  512 words
    • 463 12 LONDON Bloomberg, Reuters CRUDE oil rose yesterday after the US said it wants the UN Security Council to vote on a new resolution early next month to authorise military action against Iraq if it does not disarm. US Secretary of State
      Bloomberg,; Reuters  -  463 words
    • 504 12 The 116-nation group opposes any invasion of Iraq AFP AP, [KUALA LUMPUR] Leaders representing more than half the globe assembled here yesterday for a summit that kicked off with a call from host Malaysia to outlaw war, warning that the USled
      AFP; AP,  -  504 words
  • 4671 12 Transaction date: Feb 24 for more, go to umm^nsiaonenmarkets/xmi HONGKONG v«i HKRmn _...U2 -002 1156 HO W) Hong Kong Electric 2925 025 1429 Hongkong Chinese 0.63 unch 402 AJpha General... 021 unch 171 Hongkong Chinese Ltd 0.63 unch 402 Ananda Wing On ..0.01 unch ***** Hopewell Holdings 6.50
    4,671 words

  • WORLD news
    • WORLDWatch
      • 83 13 Bloomberg [LONDON] EMI Group Pic, the world's third largest music company, is in talks to buy a majority stake in AOL Time Warner Inc's Warner Music, the Wall Street Journal said yesterday. An agreement may be valued at as much as US$4 billion, though
        Bloomberg  -  83 words
      • 102 13 Reuters [NEW YORK] Citigroup Inc, the financial services leader, is in advanced talks with the US Securities and Exchange Commission to settle charges it helped Enron Corp, the collapsed energy trader, "massage its finances", the Financial Times reported on Sunday. The newspaper, citing "people
        Reuters  -  102 words
      • 81 13 Reuters [NEW YORK] Devon Energy Corp will buy Ocean Energy Inc for about US$3.5 billion in stock in a deal to become the largest US-based independent oil and natural gas producer. Under the deal the combined company, which will be named Devon Energy Corp and
        Reuters  -  81 words
      • 89 13 AFP [LOS ANGELES] Musical legend Paul McCartney stunned a Los Angeles woman when he turned up to sing at her birthday party last weekend, marking his first ever appearance at a private do. The former Beatle agreed to sing at television producer Wendy Whitworth's
        AFP  -  89 words
      • 98 13 Reuters [FRANKFURT] Deutsche Bank AG strongly denied a newspaper report on Sunday that it was drawing up plans to move its headquarters out of Germany because of the country's rigid labour laws and restrictive business culture. "That is pure fantasy," a spokesman for the bank
        Reuters  -  98 words
      • 73 13 AFP [WIESBADEN, Germany] German producer prices jumped by 1.3 per cent in January from December, the sharpest monthly increase in 21 years, as a result of surging oil prices, data published by the Federal Statistics Office yesterday showed. On a 12-month basis, the German producer price
        AFP  -  73 words
    • 723 13 AMSTERDAM Earnings at US Foodservice unit overstated for last two years Reuters EUROPEAN retailer giant Ahold shocked financial markets yesterday when its chief executive and chief financial officer stepped down after it found accounting irregularities at its US Foodservice unit. The Dutch retailer,
      Reuters  -  723 words
    • 564 13  -  From Jennifer Lien in Silicon Valley S HIGH-TECH companies that once thumped their noses at the government market are now experiencing a change of heart, judging by the attendance at two government presentations recently. About 200 vendors packed a conference room
      564 words
    • 401 14 Fears of a war with Iraq and slowing demand cited Reuters [CHICAGO) In a sign that employers continue to face uncertainty in their businesses, fewer US companies plan to hire employees in the second quarter. according to a survey. Manpower
      Reuters  -  401 words
  • 2470 13 Transaction date: Feb 24 KUALA LUMPUR c2^ 4Neav f2 Vo) FS8M 1.60 unch 0 KM ('000) FW Industries 0.16 unch 0 Gadang .0.91 unch 0 A M Realty .0.73 -001 1 Gamucfc iiO 005 291 Abric O 90 0 01 9 GanadCorp .0.19 -001 23 ACP Industries 3*04 002
    2,470 words
  • 867 13 Transaction date: Feb 24 5—<* Wt Q—« Otmyt j>Kt mmm m Owe a«ni CSC 0 47 3600 *0140 NatSteel 50c 051 2080 *0-010 CapitaLand 109 1.040 OOIO OCBC MB 9100 *0.100 Chan ScfraCond 26c 0 67 0 7S5 out 0 58 6150 *0.050 City Dw 50c 189 3 960
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  • 592 13 BONDS WARRANTS Prwn E*P*ry Last Vat Cam U« Dot Gear Mtl» f nupii) Sale *ar fOOO) Ratia Prtca mg lad AST) W*****1 17 5 1 16 168 0.71 16 Acma Ltd VMM1116 2 1 SO 845 2 75 21 Amtek W*****0 unch 41 1 33 1 1.41 28 Armstrong MM
    592 words

  • 5787 14 1 Transaction date: Feb 24 for live prices, log on to uwwxisiaotiemarketsjcoiTi 52Wk Last Vol On Lasi Quote GrfMv D«v GrYW IM MCao High law Cwpwy S*l» W- fHM> I—» >P Mter Cm Wt W ABNAmroNLG 56c 9 12 14 1388 20 5 9 ACE Dynamics 115 unch
    5,787 words
  • 58 14 U* IW LMOuot* GrOw Dm GrTW MM MCas l—> w- rmt m# u» >*» r» m $3 10 WO 89 Diamonds US8780W) 7700 IS DJ US Tech US3740cd SB SSS ISMSClSpore US55S lino 8200 ISSAPSOO US8270cd ***** 8280 SHM8 US8280cd 1805 1714 snnrioo 1330 *1 2 1330 1325
    58 words
  • 1433 14 tt-Mk Last M Oay LMQmU GrOw M> GrVM MM MOp Lw» Owpuj W- pit t— 8»y Sdhr Cw P« »J 22 7.5 ABRHtdgsSc 9.5 9 10.5 113 245 IS APNSc 17 16 17 5 115 1.S 7 3 149 SB 115 ASAutolOc 11 unch 30 13 13 12.5
    1,433 words
  • 343 14 U-Wk LM Val Day Lart Quote Grttv M» GfTV) Mat MCaa M# L— tiim S*a W- r—t M* U» Safcr Cw w hi 115 80 AVJerwvn® A25c A101 *1 95 101 100 100 101 40 3.4 9 9 5 9 2174 OthayPac20c MK720 265 2.1 74 6 *****J
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  • Page 14 Advertisements
    • 70 14 'Tonight time does not exist. BlancpaiN MANUFACTURE DE HAUTE HORLOGERIE Cm Millenia Walk #01-62/65 A Tel: 6339 1728 The world's thinnest Paragon #01-13 Tel: 6235 0084 Aurdinr ALAIA. Fashion Designer. P»ns Flyback Chronograph. Lucky Pla/a #01-32 Tel: 6734 3668 Water-resistant to 100 meters. Blancpain Singapore: 438 A Alexandra Road #05-03/04
      70 words

  • KNOWLEDGE economy
    • 1284 15  -  Executive coaching is a much-misunderstood concept Mike Loh and Patrick Say point out its dangers Mike Loh, Patrick Kay IN a knowledge-based economy, where executives' explicit and tacit knowledge can contribute significantly to performance, productivity and profitability, it is important that executives have access to the appropriate
      PHOTO NEW LINE CINEMA  -  1,284 words
    • 374 15 CAR makers Toyota and Honda, and electronics giant Sony, have topped the 2002 list of Most Admired Knowledge Enterprises (MAKE) in Japan. The Knowledge Management Society of Japan, jointly with knowledge management research firm Teleos and The KNOW Network, singled out nine companies
      374 words
  • Page 15 Advertisements
    • 129 15 Where to wine, dine and entertain... b- A World of Exdusive Privileges Treats njjftwcw Buddha Jump s Over The Wall Mini Jump Over The Wall Steamed Live Prawn with Chinese Wine Deep Fried Soft Shell Crab with Minced Pork 5 Head Whole Abalone with Oyster Sauce Fried Rice with Abalone,
      129 words
    • 95 15 The Best Of Teochew Porridge At The River Terrace Be Porridge Savvy and eat your way to a healthy lifestyle I Have Porridge either way, with or without chunks of Sweet Potatoes in it To accompany your porridge, we offer a range of sweet A savory local favourites. Available on
      95 words
    • 81 15 Lunch 11.30 am 2.30pm Japanese Bento Sushi Tr Delivery sushi Japanese Bento call *****771^ Weekdays $25.90 (Adah) •12.90++ (Child tayra* bdow) Weekends Public Holiday $SB.9o++ (Adult) $15.90++ (Child ujmtkkm) Includes FREE FLOW of Call 6324 0218 for reservation 7* l £rf 52 Pagoda Street (Near to Chinatown Indian Trmpie) Try
      81 words
    • 160 15 I Spring Court I I The Oldest VV Chinese Jbftnmt itt Stmgmpore since 1929. 74 Anniversary Special PEKING PUCK Uated to He per table wfcfc ak. aritr ef $5# ■■■■ida. fjr jjk YmE* Enjoy live entertainment from The Memories from Mondays to Thursday. Whether It's rock and roll, jive, cha
      160 words
    • 64 15 It* I Lianhe Zaobao I China I to replace I Spore las the world's I I main rubber AI I trading centre |J I I I IMBttHKIW 1 MERITUS MANDARIN SINGAPORE YOURCOSY HAVEN AWAITS Relax and unwind after a hectic day's work with a refreshing drink. 2nd 1100. UEtorvs MANDARIN
      64 words

  • THE achievers
    • 1359 16  -  Or so Gilbert Madhavan discovered when he was preparing for the Jose Carreras concert at Angkor Wat He tells Andrea Tan more about the experience Andrea Tan AN elephant, alarmed by the fireworks, rushed off stage during a rehearsal. Worse still, tall majestic columns of Birds
      PHOTOS BY CHRIS LOH  -  1,359 words
  • Page 16 Advertisements
    • 50 16 JE^^S^M3mb Buil r^r fi _.";> -'I-' ?-^fe"" The American Express® Card comes with one number that can get you emergency assistance in your language. Good to know when you're out there. To apply for the Card, please call 1800 732 2244 or visit www.americanexpress.com.sg CARDS FINANCIAL SERVICES TRAVEL SERVICES TRAVEtERS
      50 words

  • SHIPPING TIMES
    • 589 17  -  Total 800 laid off represents 20% of senior staff, 11% of junior employees By Beth Jinks [SINGAPORE] About 200 senior and 600 junior PSA Corporation staff will make up the total retrenchments this year, including the 496 who received
      589 words
    • 277 17 The freight market report was not available sex 'ooo Fit 2* *01 CWT Distribution 0.64 -0.01 8 ChuanHup 0.41 -0.01 540 Cosco Invastmant 0.19 unch 113 Freight Links 0.03 unch 116 GB Holdings 0.58 unch 0 Jaya Holdings 0-29 unch 3107 K appal Cprp 3.92 -0.02 803 K1
      277 words
    • 56 17 [ALANG, India] The gutted remains of the ship Ameena at the ship-breaking yard in Alang, 250 km south-west ofAhmedabad in Gujarat state, India. Four people were killed and at least six others sustained burns when afire broke out on the ship at the world's
      AFP  -  56 words
    • 213 17 AFP [TOKYO) Japanese police pressed charges against seven Mitsubishi Heavy Industries workers for negligence and setting off a massive blaze that damaged a British cruise liner under construction last year. Two welders who were fitting a pipe near the ceiling of the ship's fourth deck caused
      AFP  -  213 words
    • 162 17 AFP [JAKARTA] Eight people are confirmed dead and about 30 are believed missing after a ferry caught fire and sank off North Sumatra in Indonesia yesterday, police said. A total of 52 people survived the sinking of the Mutiara Indah ferry boat, said Suripto
      AFP  -  162 words
    • 422 17  -  Two other dredgers still nnder detention for alleged illegal Sand mining By Beth Jinks [SINGAPORE] Three Bel-gian-owned dredgers detained for nearly seven months by Indonesian authorities for alleged illegal sand mining in the Riau islands have finally been released. The dredgers were released
      422 words
    • 536 18  -  Francis Aurol Singapore I REFER to the report "PSA's cost-cut-ting must not affect port efficiency" (Shipping Times, Feb 20). As an industry professional with experience in ports in Singapore, Malaysia and India, it is clear that PSA's strength in the container handling business
      FILE PHOTO  -  536 words
    • SHIPPING news
      • 336 18 Odfjell, Jo Tankers, Stolt-Nielsen, Tokyo Marine under probe for possible carte! Reuters [BRUSSELS/OSLO] The four major chemical tanker operators in Europe have said antitrust authorities raided their offices in Norway, Britain and the Netherlands investigating a possible cartel. Odfjell ASA of Bergen, Norway,
        Reuters  -  336 words
      • 145 18 AFP [TOKYO] Two Chinese men were killed when their cargo ship collided with a Cambodian-registered vessel off Japan, the Japanese Coast Guard said. The Chinese-flagged Ogrady collided late on Friday with the 3,000-tonne bora some 10 kilometres off the southwestern Japanese city
        AFP  -  145 words
    • 117 18 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
    • 9600 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vtud Voyaqe Telephone ETA ETA Advertiser V»ss»l Voyaqe Telephone SIN Desfn Nam* Nam* Numtar Number sm Dnt'n Nam Nam* Number Number N/03 14/04 Nortrans THOR SAILOR 2/01 65******00 To ABIDJAN (ABJ) 2003 Cote D'lvolre 04/04 30/0« Nortrans THOR SUN 3/03 65******00 04/03 07/04
      9,600 words
    • SHIPS IN PORT
      • 715 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL AKILI2373 2302 J15/16 A/SIDE 25/02 063 EMERALD BULK UC135 J23 A/SIDE 25/02 210 ETOFFSHORE20 11 J24 A/SIDE 25/02 063 MARCO POLO 3 01/03J J4 A/SIDE 25/02 063 NICO 3 2402 J25 A/SIDE 25/02 063 OCEANPRIDE 05/03 J10 A/SIDE 25/02
        715 words
      • 2125 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 076S 076S 1 2SX12/2003 0800 25/02/2003 22 00 T02 ACX MAGNOUA OHM OWN I 25HBflaB-2MQ aMBBMMftOO WH ALAMJAYA 2 8835 8835 1 27/02/2003 1000 27A02/2003 1800 ALTONA 0315
        2,125 words
      • 132 25 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 Day Slovenia: Preseren Day MarlO Cyprus: Ash Monday Greece: Ash Monday
        132 words
      • 810 25 THIS report, compiled by Cocked Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        810 words
      • 534 25 Carbon 180 Mai 990.7 0.4 U.6 0.06 37 0.04 Feb 13 DtMttv Water Residue AshAluminium Sediment No above E25 0 0 0 0 0 0 380 Ave 984.1 0.2 13.8 0X15 21 0.02 Cum 380 Mai 994.4 Z.0 182 0 09 S3 0.07 W3 »«/ll mi
        534 words
    • AIR & LAND transport
      • 549 26 Average profit forecast of NZsB9m on the back of more passengers, stronger currency Reuters [WELLINGTON] National carrier Air New Zealand is expected to post a strong first-half profit on the back of more passengers and a stronger currency, reflecting a
        Reuters; FILE PHOTO  -  549 words
      • 242 26 Cabin staff to go on strike for 14 hours today AP [SYDNEY] Air safety officials will monitor flights by Australian flag carrier Qantas when its flight attendants go on strike for 14 hours today. Thousands of cabin staff on Qantas' international flights were
        AP  -  242 words
      • 225 26 Bloomberg [NEW DELHI] India said it may scrap a two-year effort to sell stakes in two state airlines next month, clearing the way for as much as US$6.6 billion of aircraft purchases from Airbus SAS and Boeing Co. "We have circulated a note to the
        Bloomberg  -  225 words
      • 407 26 Retirement benefits must be resolved before it can get emergency funding Reuters [ALEXANDRIA, Virginia] Bankrupt US Airways Group Inc said on Friday that active and retired pilots will never get all the pension benefits they are owed, and told a judge that
        Reuters; AP  -  407 words
      • 308 26 M 'sian budget airline plans to bny np to 8 more planes AFP [KUALA LUMPUR] Malaysia's no-frills Air Asia will start flying regionally by January 2004 as its twophase expansion plan broadens its network through joint ventures with airlines in Indonesia and
        AFP  -  308 words
      • 311 26 Air Macau crew found nothing on him: reports AFP [HONG KONG] A Taiwanese man who claimed to be carrying explosives was overpowered by flight crew on a plane about to depart Macau for Taipei on Sunday night, reports said. Hong Kong's
        AFP  -  311 words
      • 151 26 AFP [MANILA! A telephoned threat sparked a bomb alert at Manila airport early yesterday, but no explosive devices were found in a search of two planes, Philippine authorities said. Bomb squads with canine sniffers descended on the domestic terminal at dawn and ordered more than
        AFP  -  151 words
      • 2035 26 OTY FLIGHT ETA FLIGHT HO MM LM229 2245 MW "*K3 1625 IWM IMP S0229 2245 f«n|rtn S0803 1910 a 352 0835 Aasttftw S023 0635 G*974 0130 C235! 2245 KL837 (535 *1.138 2330 Hani ¥*741 1325 S0/VH176 1035 S024 2345 S0/¥*175 1840 ¥***** V4J0 AthMS SO347 0630
        2,035 words
  • Page 17 Advertisements
    • 315 17 PEOPLE INCHCAPE Shipping Services (ISS) has promoted Dalki Wakana to the new post of managing director of ISS Group Japan. He is responsible for the full range of Port Agency, Machinery Services and P&l functions in the region. At the same time, Kiyonami Hayashi has been appointed managing director of
      315 words
    • 198 17 Air NZ set for solid rebound Back Page Qantas strike: Air safety officers to monitor flights BackPage Air Asia to expand regionally Back Page BASIC SAFETY TRAINING For more details about our STCW courses, please visit our website: www.sma.sp.edu.sg or contact Ms Balvinder Kaur, Tel: 6772 1817 Fax: 6772 1958
      198 words

  • Page 18 Advertisements
    • 494 18 NORTH AMERICA GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) |OULf KARACM EXPRESS (QIOQ vKsa wT m SM m vot g OOdKWYOM 21W06 13/07 03/03 04/03 PtO WDUOTD PWSAH OAI 15/07 10/02 10/01 10/01 OOQ (HMA 60W07 10/01 00/03 11/03 HAKUOA MAIU 111 21/01 14/01 10/01 05/03 l /03 M* POO NTOUOTP
      494 words
    • 658 18 Lines s«rvK*s represented by r a jfJfilfc Members of (he Regislry of M nberl Singapore Shipping Association gg ULY UNE MALE /IVESSEL YOY ETA ETA OA A P. KIAWG STOtE MUli Princess lily 0203 26/02 27/02 08/03 Empress Lily 0203 14/03 15/03 23/03 Princess Uly 0303 04/04 05/04 13/04 ULY
      658 words

  • Page 19 Advertisements
    • 1063 19 TO USA (SAX SERVICE) VESSEL VOY SIN ETA LAX OAK DAI HOO CHI COl HUM ATI NYC Aft SCOTLAND 115t 26/02 13/03 1 7/03 11/03 11/03 11/03 1»/03 U/03 21/03 21/03 API lELGIUM 113€ 05/03 20/03 24/03 2S/03 25/03 25/03 25/03 25/03 2S/03 21/03 API SWEDEN 005E 12/03 27/03 31/03
      1,063 words
    • 1718 19 DIRECT ail TO ■Hi jfIKJ*JBWU (SAM AMkU) IMIDMS Nn swan ««DAMI 12 days c MgiiMiii t iiiiiiiri ii l tHvnfi l AQABA (Jordan) to DAYS COBUI ACUIS N SMMNXU MMMKMnm-M UaS/KGS THj 4420*057/43 FAIL *****321/241 IMMAM fIABMMI U. IAIBI if rwir COSTAR SHIPPING Ml LTD MffWMo (i/u *****402 *****325/75 I
      1,718 words
    • 669 19 HUNSAIHUM MM? |2«/? S/3 6/3 11/3 13/3 15/3 UUIHUM 296S 1/3 4/3 5/3 AMAMHUM Tm I 7/3 \m LUABHUM 297S 175 1175 VUT^ MNS Manic Souiti totem VESSE VOT PKG yd HKG SHA UO H» VESSQ VOY SIN PKG USA LEAIIAMY IPSE 73/7 24/7 71/7 V 3 4/3 5/3 KOKEA
      669 words

  • Page 20 Advertisements
    • 792 20 mmP I HYUNDAI MERCHANT MARINE CO., LTD. f j WWWJmm2l.com a MO. H*****0000H |vcsa wt |sw sou iB4 |iM I <wt Itw I ■rv~| IVKSa VOT I sou I lih I rtw I ant liw I orv~ *ar HTMommeta nw 10/02 04/03 74/07 M/W 07/03 *a priority 0041 74/01 75/01
      792 words
    • 1276 20 WAN HAI SSSSnONAL Plf LTD a hoc i**********/a I V: TH; 422*1511 (14 IMS) FAX:*****1t3 V\K\WAN HAI LINES iss^sssssssssssLm na:V)BWfam:VißWßiMi«:ini)i»MnMi-iniiim7M/a*i»s —i ■»WMi«i»WßWiWi>nM»wi tmw m WWW.WW W.t—M >: |>l) MBmM lIMB/HOM MKuoweia Bcnrfßß rro rot wrs wx> ra ISrtfTs m bhm "w -w *w ctr -jut nwr ~k*t sotr Kmimim im
      1,276 words
    • 640 20 m st'HiFAt WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS rasa vor s« rjtunc mmm usam chomp towtimo6t mu» »w HfQ i?mm tnuu wmm imrmm rwwi; cmm osmm mmai una ismm lumwo "mb iimi i?mm uhai nw nmi Howmwiou onw una umm nag mmm wmm
      640 words

  • Page 21 Advertisements
    • 2626 21 ivtsstt VOY KHH HtCO I SIN I PKI I DX» IA» DMM MC IRAN ISFAHAN PCI 300 23/02 ***** 01/03 02/03 09/03 10/03 11/03 20/03 MAN HOKMOZOAN PCI 301 04/03 05/04 04/03 09/03 16/03 13/02 25/03 27/03 MAN TEHRAN PCI 302 11/03 12/03 15/03 16/03 23/03 24/03 31/03 02/04 M.V.
      2,626 words

  • Page 22 Advertisements
    • 211 22 I LINE V«i Vmf PwllßlpwlOiiii Tf K>m Twfc MbH Kiiw» l>4w Pacific Senator 953E 25/02 06/03 12/03 13/03 Pocific Senator 953E 25/02 12/06 23/03 25/03 27/03 Pacific Senator 953E 25/02 21/03 02/04 Pocific Senator 953E 25/02 18/03 28/03 30/03 Honjin Hamburg 073E** 04/03 20/03 26/03 27/03 Honiin Hamburg 073E" 04/0?
      211 words
    • 218 22 CWT GLOBELINK PTE LTD I —S~—— J OWN OFfICIS M TEL:*****833 (36 LINES) FAX:S22SB742 m iYDNtYMCLBOURNtMNANG-POBT KCLANG PASIB GUDANG-KUCHING-BANGKOK KARACHI BOMBAY NEW DtlHI COLOMBO HO CHI MINH CITY HAIPHONG HANOI BBIMEN HAMBURG TIANJIN QINGDAO SHANGHAI XIAMIN fUZHOU DAHAN XIAN BIDING SHI J!A /HUANG WEEKLY DIRECT GROUPAGE SERVICE TO CENTRAL SOUTH
      218 words
    • 268 22 I BSAi MYANMA BB FIVE STAR UNE (MyoMor NoHmml Um) lull YM|M vissa vot s« pu pen pgu CMN SMWI MM S4W su> PAGAN V3O4W SO IN MAIATSIA: OOUSTIAO SHIPPING AGENCIES MIL 03-*****300 P*L 03-317*4101 PEN: 04 2****** BANK LINE (A service tf Andr«w W M r SUfffa|) NORTHBOUND TO
      268 words



  • Page 25 Miscellaneous
    • 124 25 am I legend Issued by Meteorological Services Division,^EA K Thunderstorm A Showers < C\ Rain Temperature C <- Wind direction and speed in knots Cloudy Day Wea,her (x Hazv Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds Slight, < 1,2 m
      124 words