The Business Times, 28 February 2003

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1 28 The Business Times
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  • Title Section
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    16 1 MITA (P\ ni 0/03/2002 85* THE BUSINESS TIMES SINGAPORE [internet: http://business-times.asial .com.sg FRIDAY, FEBRUARY 28, 2003
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  • Article
    Lock icon LTA cans $40m hi-tech bus info project
    600 1  -  It says provision of the information is best left to public transport operators By Tang Weng Fai [SINGAPORE] It looks like Singapore's second attempt to build a cutting-edge bus transport information system has again hit the wall. BT understands that the $40.3 million
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  • Article
    Lock icon MARKETS
    71 1 Dsn 1,271.25 (-15.89) ST INDEX FUTURES 1,277.00 (-8.00) SIMSCI FUTURES 155.70 (-0.70) Thursday Change KLSECOMP ***** +1 73 NIKKEI 225 +2.57 HANG SENG 9.134 24 *17 96 SET INDEX 358.89 +2.87 JAKARTACOMP 398.95 +1.41 MANILA COMP .1.005.63 *5:56 TAIPEI WPI 4.***** 242:1 SEOl Ll'OMP 582.46 7.80 SHENZHEN B 207.11
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  • Article
    Lock icon FINANCE
    73 1 FOREX RATES US* SS ISS (SS per ISS) 1.734 £(I SS/SS per S) 1581 2.743 ElRO(USS/S$/E) 1079 1871 YEN 117.0 67.50 RM 8.800 2.191 HKS 7.799 4.497 BAHT 42.60 24.56 RIT1AH 8,897 5.130 RENMINBI 8i99 4 785 INDIAN RI PEE 4768 27.49 PRIME RATES SINGAPORE* 5.25 KUALA unm 6.40
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  • Article, Illustration
    Lock icon Red Bull boss drinks to his first billion
    745 1  -  Billionaire clnb sees some fresh faces despite shrinking wealth By Wong Wei Kong [SINGAPORE] American talk show host Oprah Winfrey, Red Bull's Chaleo Yoovidhya of Thailand and maverick Japanese businessman Masayoshi Son of Softbank light up what's otherwise a depressing picture of
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  • Article
    Lock icon Layoffs on uptrend, unemployment may top 5.5%: Govt
    634 1  -  Audrey Tan [SINGAPORE] The Singapore economy may have narrowly escaped slipping into a double-dip recession, but don't expect the job market to improve significantly this year, government officials warned yesterday. Instead, they cautioned that retrenchments are still on an uptrend and that
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  • Article
    Lock icon Voluntary pay cuts not a solution
    563 1  -  Bain report says investors want clear pay, performance link Byi Wong Wei Kong [SINGAPORE] The CEO stands up and announces he's slashing his pay; employees leap to their feet and cheer. But don't expect fund managers to join in the applause. In fact, a
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    • ON THE grapevine
      • Article
        Lock icon Music to go with the numbers
        138 2 DBS Bank's meeting last week to release its financial results was staged with more than the usual amount of technical details that go into such a gathering video conference hook-up with Hong Kong, Power-Point presentation, food and drinks, etc. Nothing was spared. And at
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      • Article
        Lock icon Top-level jokes
        108 2 TWO Singapore cabinet ministers were asked to tell jokes on a BBC programme yesterday. Deputy Prime Minister Lee Hsien Loong offered one from the Black White Minstrels show years ago. "A drunk was knocked down crossing the road and somebody said to him: There's a zebra crossing just
        108 words
    • Article, Illustration
      Lock icon MTI sees bumpy ride as war clouds reduce visibility
      603 2  -  It projects 2-5% growth this year bat says electronics recovery and war are swing factors By Audrey Tan [SINGAPORE] Buckle up for another bumpy ride ahead. Economists at the Ministry of Trade and Industry (MTI) say that while they are keeping
      603 words
    • Article
      Lock icon $1 R&D spending increase yields 14% returns
      431 2  -  Research investment in S'pore is highly rewarding and benefits economy, says a study By Anna Teo [SINGAPORE] There should be no lack of incentive for companies here to invest in research and development. According to a study, every dollar increase in R&D spending
      431 words
    • Article
      Lock icon EU may slap tariffs on wide range of US goods
      351 2 It gives US time to change tax law that subsidises firms Bloomberg (BRUSSELS) The European Union said it may impose tariffs on US$4 billion in US products from jewellery to machinery, raising the stakes in a dispute over a US
      Bloomberg  -  351 words
    • Article
      Lock icon BMW tailgates Mercedes in global sales
      341 2  -  It sold L 057 million cars last year, just 17% behind Mercedes' 1.232 million By Christopher Tan [SINGAPORE] BMW is fast catching up with arch rival Mercedes-Benz in sales. Last year, it narrowed the gap with the world's No. 1 marque in luxury car
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      Lock icon Page 2 Advertisements Column 1
      40 2 WAREHOUSE SALE Wine Cooler Display Units U I I Lianhe Zaobao I Pll's I IYC Chang I I investing I I m three I I nrojects m I IHangzhou I lat one go I I cTn I I «g=aa I
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      Lock icon Page 2 Advertisements Column 2
      57 2 Modern electronic mfg Company looking for interested party to take-over facility Total leased space 6000 sqft 1100 sqft class 1000 clean room Fully air-con Office wttti modern furniture Every thing look new Internet ready leased line Card access CCTV Negotiable takeover fee/no debts ZERO TECHNOLOGIES PTE LTD Interested party, pis
      57 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Craft Print directors give up bonus in remuneration tussle
      408 3  -  Move falls short of shareholder demand to cap directors' pay By- Michelle Quah THE directors of Singaporelisted printing company, Craft Print, yesterday made a small gesture towards shareholders' demands that they rein in their pay to help the company overcome its
      FILE PHOTOS  -  408 words
    • Article, Illustration
      Lock icon Management changes at CapitaLand units
      246 3  -  Ascott chief to head commercial and financial units By Michelle Quah PROPERTY giant CapitaLand has announced significant management changes at two of its units. It has appointed the chief executive of its servicedapartments arm to head its commercial and financial units. Kee Teck Koon, CEO
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    • Article
      Lock icon AET sale would boost NOL's balance sheet
      660 3  -  hockIUJIMIM ven sreenivasan A RECORD loss, a mountain of debt, the chief executive booted out, uncertain trading conditions, retrenchments in the works. Reads like a nightmare in any corporate logbook. But for Neptune Orient Lines, the nightmare just doesn't seem to go away.
      660 words
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      224 3 Mercedes-Benz is a trademark of Daimler-Chrysler. fl iJB telUHHHniHHUHililf From the country that gave you the jet and the rocket the new Vl2 bi-turbo S6OO. Why are the Germans so Such awe-inspiring, yet still PpHpfinirtO' nPffPfHfin If you are one of these fortunate enthralled by speed? A drive in the
      224 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      327 4 OTHER SINGAPORE INDICES Feb 27 VALUE CLOSE BTOfLOS 8.00 +63.00 BTCAOI -*****.00 34.00 BT104ayMA *****.00 +1.00 A0-SG Equities 341.07 -3.24 SC Equities Eluct 113.51 1.20 SC Equities Fm 1083.25 -11.60 SG Equities Prop 306.68 -1.70 MSCI Singapore 155.87 -1.70 SMSCIFutures 156.70 -0.70 Stocks Votarn KeppeJ Land50c 10,989,000 SingTel 15c 10,301.000
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    • Article, Illustration
      Lock icon Keppel Corp offers compelling value despite recent rally
      291 4  -  HOT STOCK/ WARRANT By Ven Sreenivasan KEPPEL Corp has enjoyed a remarkable change in fortunes and market perception in recent months. What was once considered a governmentlinked company led by "civil servicetypes" is now seen as a dynamic company led by forward-looking
      291 words
    • Article, Illustration
      Lock icon Increased selling raises red flag
      748 4  -  STOCKS r. sivanithy IF technically and fundamentally inclined traders were unfazed by Wednesday's selling because volume was light, yesterday's session would in all likelihood have caused them to sit up and take serious notice the Straits Times Index lost the 1,280 level with alarmingly little
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    • Article, Illustration
      Lock icon US$ dragged down by same old worries
      576 4  -  MB ■HHppHßßpn CURRENCIES Key euro supports more defined aronnd US$l.O7, S$LB6 and 125.80 yen larry wee THE US dollar sagged again overnight, pulled down by familiar albatrosses such as war worries, a weaker outlook for tech stocks and higher oil prices all of
      Source: Moneyline Telerate  -  576 words
    • Article
      Lock icon StarHub in wireless roaming tie-ups
      408 5  -  It partners 5G and Blnengine to boost services for business, travellers By Angela Tan STARHUB, Singapore's second fixed line operator, has entered into a partnership with two wireless operators 5G and Bluengine to boost its wireless Internet roaming services for corporates and business travellers here
      408 words
    • Article
      Lock icon Telstra eyes SingTel's Yellow Pages
      372 5  -  Talks expected to yield decision in March; unit valued at below $300 m By Angela Tan AUSTRALIA'S No 1 phone company, Telstra, yesterday broke its silence and confirmed it is in talks to buy Singapore Telecommunications Ltd's Yellow Pages business, an asset some analysts now
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    • Article, Illustration
      Lock icon Chuan Hup unit begins trading on SGX today
      278 5  -  By Michelle Quah SHARES of CH Offshore will begin trading on the ma in board of the Singapore Exchange today. The company is a subsidiary of marine group Chuan Hup Holdings, which provides offshore support services to the oil and gas industry
      ARTHUR LEE  -  278 words
    • Article
      Lock icon EnerSave to boost China business with stake in credit card ops
      403 5  -  By David Boey LOSS-MAKING EnerSave Holdings is acquiring a credit card business as part of its plan to grow its China-based furniture business, so that the two combined will account for half of its sales by the end of
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3097 4 UNIT TRUSTS FUNDS Commenbaik taMIM Com Global Finance indexed 0673/ Com Global Lifestyle Index Fd 0 768/ l5p0r Com Global Health Index Fd 0.726/ 9HSJ Com Global Telecom Index Fd 0374/ ef* Bji 1™ Com Global Infotec Index Fd!** 0.258/ i turope aal 0.82V Com Global Energy Index Fd 0.77V
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  • CORPORATE earnings
    • Article, Illustration
      Lock icon HTL earnings swell 84% to record $22m
      538 6  -  Respectable growth seen; group on track to meet sales target of $500 m by 2005 By Serena Ng SOFA maker and leather tanner HTL International, which last year saw Morgan Stanley Private Equity (MSPE) come on board as a substantial shareholder, yesterday posted
      FILE PHOTO  -  538 words
    • Article, Illustration
      Lock icon OUE profits plunge 99% to $3m
      371 6  -  Slump attributed to fall in tourism and provision for Turkey project By Michelle Quah HOTEL and property group Overseas Union Enterprise (OUE) has booked a 99 per cent plunge in net profits for 2002 to just $3 million, from $591 million the year before.
      FILE PHOTO  -  371 words
    • Article
      Lock icon Ellipsiz H1 loss widens to $11m on provisions
      379 6  -  fly David Boey LOSS-MAKING semiconductor firm Ellipsiz yesterday reported a wider halftime loss of $11 million after it made a $10 million provision for asset impairment at its microchip-making arm. It also warned of further losses if it has to close Micro
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    • Article
      Lock icon Magnecomp loss deepens to $20m
      299 6  -  By Elgin Toh MAINBOARD-LISTED Magnecomp International yesterday widened its fullyear loss to $20.4 million, from a loss of $3.3 million in FY2OOI despite a 6.4 per cent increase in turnover to $216.1 million. The loss per share for the year ended December 2002 was 10.1
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    • EARNINGS Roundup
      • Article
        Lock icon Venture H2 earnings seen rising 29%
        91 6 Bloomberg VENTURE Corp, the biggest electronics maker listed on the Singapore Exchange, may report a 29 per cent increase in second-half profit because of higher sales of computer printers, analysts said. Net income probably rose to $102 million for the six months ended Dec
        Bloomberg  -  91 words
      • Article
        Lock icon GRP interim earnings soar
        78 6 INTERIM profits reported by marine goods distributor GRP Ltd soared 88 per cent to $566,000, or 0.41 cents per share, as its new business venture, GRP Globaltech Pte Ltd, made a first time contribution that boosted sales by 16.8 pa* cent to $15.6 million. GRP pledged
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      • Article
        Lock icon 5% profit rise at Penguin Boats
        92 6 PENGUIN Boats International Ltd remained shipshape in FY 02, with higher profits despite weaker sales. Penguin Boats said FY 02 profits rose 5.45 per cent to $3.43 million, or 1.71 cents a share, up from $3.25 million in FY 01. Its sales last year
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      • Article
        Lock icon Koda half-time net down 31% to $1.2m
        99 6 TIMBER furniture specialist Koda Ltd saw its half-time profit knocked 31.2 per cent lower to $1.28 million as factors such as weaker demand in the July to September period, disruptions and costs of moving operations from Malaysia to Vietnam and "client acquisition costs"
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      • Article
        Lock icon FJ Benjamin sees 27% fall in H1 net
        45 6 FASHION and luxury goods distributor FJ Benjamin Holdings Ltd has seen its interim profits dive 27 per cent to $1.20 million as its external environment "weakened considerably". Sales during the period shed 11 percent to $61.14 million.
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      • Article
        Lock icon Royal Clicks 9-month earnings rise
        58 6 SPORTING goods retailer Royal Clicks has scored a 15 per cent rise in profits to $6.34 million, or 2.28 cents a share, for its nine months ended December 2002. Sales during the period gained 29.6 per cent to $203.40 million. The group said its full
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      56 6 This announcement appears as a matter of record only A iSuilf CH OFFSHORE LTD (Incorporated in the Republic of Singapore on 31 March 1976) INTRODUCTION OF CH OFFSHORE LTD ON THE OFFICIAL LIST OF THE MAIN BOARD OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED Sponsored by OOCBCBank Oversea-Chinese Banking Corporation
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      26 6 Calling all companies If you have decided on the date to release your financial results, give us a call at 6319-5318 or email us at btnews@sph.com.sg
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  • SINGAPORE news
    • Article
      Lock icon Fall in service sector business receipts
      273 7 OPERATING income in the services sectors fell for the first time in four years in 2002, albeit by just 0.8 per cent. Business revenue was about flat in the final quarter down 0.1 per cent year on year according to the Department of Statistics*
      273 words
    • NEWS Roundup
      • Article
        Lock icon Changes in CPF Board structure
        78 7 THE Central Provident Fund Board yesterday unveiled a new organisational structure to "align with its mission and vision, and reflect its focus and core functions". In line with this, the board will, from March 1, be made up of two business groups—the Services Group and
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      • Article
        Lock icon New HDB resale flat scheme
        72 7 THE Housing and Development Board will introduce a new resale transaction scheme for HDB dwellers on April 15, called Option to Purchase (OTP). This replaces the current Sale and Purchase Agreement as the form of contract to be used in HDB resale transactions. One difference
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    • Article, Illustration
      Lock icon FINANCE
      1067 7 Transaction date:Feb 27 DITBEBAItE CROSS BATMI A$ C$ «nit Ufo H»$ Wte Ruptah Yen Won Wl KB Eak fa Peso SS Kind Sir 15 81* Pom* W$ Austr*Ra 0.907 5.042 0.563 4.738 ***** 54.054 0.711 7211 2309 1075 35-317 33.036 1.054 4.933 0324 ***** 25.882 0384 0.608 Canada 1103
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    • Article
      Lock icon S'pore offers new employment pass
      490 7  -  Disaster recovery professionals given immediate entry here By Raju Chellam THE government will now offer a new Employment Pass (EP) scheme to infotech companies that set up business continuity or what is commonly called disaster recovery operations in Singapore. This will allow skilled foreign professionals
      490 words
    • Article, Illustration
      Lock icon Sony chairman impresses as maestro
      76 7 [SINGAPORE] Japanese maestro and Sony honorary chairman Norio Ohga pulled off an impressive surprise item last evening at the EDB's special Singapore Symphony Orchestra (SSO) performance for its 7th International Advisory Council (LAC) Meeting this week. Under his baton, lyrical magic was weaved with the
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    • Article
      Lock icon Hor Kew and subcontractor in payment spat
      276 7  -  By Stephanie Yap THE subcontractor in the centre of a dispute over nonpayment for work done for the Education Ministry claimed it has not received full payment from the main contractor Hor Kew. But mainboard-listed Hor Kew, insists it has "paid SAS more
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Time to break Taipei-Beijing deadlock
      808 8  -  KSEEimH OPINION IN a potentially significant move, China is reported to have pulled back some of its missiles along the Fujian coast facing Taiwan something that the US and Taiwan have been urging China to do for some time. frank ching The writer is a
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    • Article
      Lock icon IN OTHER WORDS
      69 8 Anything that resembles a visceral perception of war or death has been erased from TV news, CNN, even the movies. The way movies deal with these subjects is so clean, it's like meat: everything is done to make you forget that it comes from an animal that
      69 words
    • Article
      Lock icon Tough choices for Hong Kong
      618 8 EDITORIAL HONG Kong's budget for the coming financial year, to be unveiled next Wednesday, comes at a time when the territory is going through the throes of economic restructuring. A flurry of proposed policy changes announced in recent days set the backdrop for the budget.
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    • Article, Illustration
      Lock icon India needs growth more than stability
      1258 8  -  To restart growth, Delhi must cut the fiscal deficit and raise public investment till the revival of demand reignites private investment From Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT in New Delhi INDIAN Finance Minister
      REUTERS  -  1,258 words
    • Article
      Lock icon CFP, ChFP neither sound nor look similar: IFPAS
      275 8  -  Paul Chan Vice President Education Insurance and Financial Practitioners Association of Singapore I REFER to "Battle looms over financial planning titles" (BT, Feb 25). The Insurance and Financial Practitioners Association of Singapore (IFPAS) maintains that the CFP and ChFP marks do not
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    • Article
      Lock icon SiMSCI liquidity figures speak for themselves: SGX
      402 8  -  MAILI.TT7I Jimmy Ang Executive vice-president Head, Derivatives Trading Singapore Exchange WE REFER to "Try bottom-up way to liven stock derivatives market" by R Sivanithy (Hock Lock Siew, BT, Feb 20). Contrary to the "if you introduce it, they will trade" approach suggested by
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  • REGIONAL news
    • Article
      Lock icon YTL's bet on Wessex pays off; group on the prowl
      288 9  -  From] Eddie Toh in Kuala Lumpur YTL Power International's controversial acquisition of Wessex Water in the United Kingdom has yielded immediate dividend for the Malaysian utilities giant. YTL Power, which is controlled by Francis Yeoh, yesterday reported a marked improvement
      288 words
    • Article
      Lock icon Temasek invited to bid directly for Bank Danamon
      539 9  -  Analysts fear political backlash given negative sentiment there Prom Shoeb Kagda in Jakarta WITH international investors showing lukewarm interest for the sale of stateowned PT Bank Danamon, the government of Indonesia has asked Temasek Holdings to bid directly for the country's fifth
      539 words
    • NOTE Book
      • Article
        Lock icon Palm oil boosts Sime H1 profit 12%
        74 9 Reuters [KUALA LUMPUR] Malaysia's Sime Darby Bhd yesterday reported a 12 per cent rise in half-year earnings on the back of firmer palm oil prices, but warned of a tougher second half. Sime said net profit rose to RM420.48 million (*****.8 million) in
        Reuters  -  74 words
      • Article
        Lock icon M'sian economy grew 4.2% in 2002
        78 9 AP [KUALA LUMPUR] Malaysia's economy expanded by 4.2 per cent last year, rebounding strongly from its tiny 0.4 per cent growth the year before, the central bank said on Wednesday. It attributed the favourable growth to improved domestic demand as well as rising exports.
        AP  -  78 words
      • Article
        Lock icon HK home loan withdrawals up in Jan
        61 9 Bloomberg [HONG KONG] Hong Kong mortgage loans withdrawn from lenders to buy homes rose about one-third in January from a month earlier to HK17.2 billion (5)1.6 billion), reflecting growth in loan approvals in December. New loans approved last month fell 14.6 per cent
        Bloomberg  -  61 words
    • Article
      Lock icon Telekom earnings fall 41% to RM1.06b
      209 9 KUALA LUMPUR Slower business, lack of gains from asset sales cited Reuters MALAYSIA'S Telekom yesterday reported its 2002 profit fell 41.44 per cent as its bread-and-butter fixedline business slowed, its mobile phone arm kept losing money and it booked no ma- jor gains from
      Reuters  -  209 words
    • ASIA Notes
      • Article
        Lock icon M'soft seeks China alliances
        122 11 Reuters [BEIJING] Microsoft Corp founder and chairman Bill Gates is seeking alliances with major Chinese banks and telecommunications firms during a two-day visit to Beijing which started yesterday, company officials said. Mr Gates would also meet key Chinese government officials, they said, declining further comment. China
        Reuters  -  122 words
      • Article
        Lock icon China's Haier set for backdoor listing
        85 11 Reuters [HONG KONG] Haier Group said yesterday it plans to inject assets into its partially-owned cellphone unit listed in Hong Kong, paving the way for a backdoor listing for China's biggest appliance maker and bolstering its drive to become the country's first global brand.
        Reuters  -  85 words
      • Article
        Lock icon Drought keeps India's growth low
        51 11 AP [NEW DELHI] India's economy will likely grow 4.4 per cent in the current fiscal year, slowing from last year's 5.6 per cent growth, as a severe drought in many parts of the country outweighed a strong pickup in industrial output, the government said yesterday.
        AP  -  51 words
      • Article
        Lock icon M'soft to cut prices to settle row
        70 11 Reuters [TAIPEI] Microsoft Corp will cut software prices in Taiwan by a quarter to settle a probe into unfair trade practices, the island's competition watchdog said yesterday. It will also sell the components of its Office XP suite of software separately and share
        Reuters  -  70 words
      • Article
        Lock icon Daughter for HK's Antony Leung
        33 11 AFP [HONG KONG] Chinese Olympic diving medallist Fu Mingxia, wife of Hong Kong's financial secretary Antony Leung, has given birth to a daughter, it was reported yesterday. —AFP
        AFP  -  33 words
      • Article
        Lock icon India must upgrade payment systems
        73 11 Bloomberg [NEW DELHI] India has to improve payment systems nationwide to cut the stocks trading cycle from three days currently to one, said the Economic Survey for the fiscal year to March 31,2003, presented in Parliament yesterday. India is seeking to improve the working of
        Bloomberg  -  73 words
      • Article
        Lock icon Shanghai industrialists moving out
        60 11 AFP [SHANGHAI] Shanghai manufacturers are moving out of China's booming metropolis in search of cheaper land, state press reported yesterday. Private firms from neighbouring eastern Zhejiang province are moving back to their hometowns to set up operations as they seek shelter from the increasing costs of
        AFP  -  60 words
    • Article
      Lock icon Beijing allows US to question China witnesses: report
      379 11 SAN FRANCISCO China signalling it's against intellectual property abase, say observers US prosecutors are preparing to interview 12 Chinese citizens in an international industrial espionage case after Beijing agreed for the first time to let US law enforcement authorities question witnesses in
      379 words
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      Lock icon US panel to brief Bush on yuan exchange rate problems
      381 11 Reuters [WASHINGTON! A White House advisory council will review how Asian countries like China manage their currencies and could make recommendations to President George Bush on trade problems created by discrepancies in exchange rates, Commerce Secretary Don Evans said on
      Reuters  -  381 words
    • Article
      Lock icon Newbridge set to take large stake in China bank
      439 11 ■SHANGHAI Reuters NEWBRIDGE Capital and Shenzhen Development Bank will close a groundbreaking deal in three months to allow the US fund to buy a large stake in the Chinese lender, officials and industry sources said yesterday. The deal marks a milestone
      Reuters  -  439 words
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      Lock icon Page 9 Advertisements Column 1
      241 9 SEMINAR DETAILS To find out how this year's budget Date: 10 March 2003 (Monday) will affect you and your business, come Time 9 am to 12.30 pm to Deloitte Touche's seminar Venue: 4th Root, Raffles Convention Budget 2003. The seminar wM address Centre. Sophia Room the following issues in detail:
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      1448 9 UNITED ENGINEERS LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT 1. RESULTS The unaudited results of the Group for the financial year ended 31 December 2002 are as follows: GROUP 2002 2001 Increase/ $000 $000 (Decrease) (Restated) Turnover 473,686 441,669 7 Gross profit 88,550 93,984 (6) Other income 1,940 1,908
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      1336 10 ASEAN SUPREME FUND LTD (Incorporated in the Republic of Singapore) 180 Cecil Street #17-00, Bangkok Bank Building. Singapore *****6 Tel. No. (65) 6224 7155. Fax No. (65) 6225 0727 NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on Friday, 21 March 2003 at
      1,336 words
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      148 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GENERAL INSTRUMENT (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members of the
      148 words
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      205 10 IN THE MATTKR OK THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OE HI.I EASHION (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section VK of the Companies Act. Cap. M). that a Final Meeting of the Members of the
      205 words
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      1015 10 IN THE MATTER Of THE COMPANIES ACT CHAPTER 50 Section 290<2|(b| AND IN THE MAnER Of TOSHIBA VIDEO PRODUCTS PTE. ITD. (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE Of RESOLUTION At on E xtroordmory Generol Meeting ot the Compony held at 4388 Alexandra Road •0601 Alexandra Technopork Singapore *****8 on Ihe 25th
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      1112 10 IN THE MATTER Of THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF VARTA TECHNOLOGIES PTE LTD (In Members' Voluntary Liquidation) NOTICE Of RESOLUTION Al an Extraordinary General Meeting of Ihe mentors of ihe jbuM-named Company duly convened and held Jt 100 Tampmes Avenue S. #0S 01 Tampmes
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      822 10 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF UHUART PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordnary General Meeting of the abovenamed Company duly convened and held at 1 Philip Street *03-01 Singapore *****2 on the 22* day of February
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      402 10 IN THE MATTER Of THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF POM LEE RUBBER (SINGAPORE) PTE LTD (In Mtmbtn' Voluntary Liquidation) NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at 5 Station Way. #0700 UIC Bu-kj ng Singapore *****8 on 25 February 2003
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      983 10 NOTICE Of APPOINTMENT OF PROVISIONAL LIQUIDATOR JESS PALATE PTE LTD I fx cv otedl in llw tepublic of Singapore) Toke notice that Mr Lin Yeong Sang. CPA, Approwd liquidaloi of KONG, UM A PARTNERS, 9BA Amoy SkMl, Singapore ***** > hot been (appointed provisional liquidator of the obovenomed Compony on
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  • Article
    Lock icon COMMODITIES
    1582 11 S1C0M FUTURES Feb 27 RUBBER Futures (Closing prices) RSS 1 (S cents/kq) Close Volume Open Mont* Mfh Low Sett (tomms) lotorest Mar 03 ***** Apr 03 ***** May 03 ***** Jun 03 ***** RSS 3 (US cents/kg) Volume Opto Mont* High Low Sett (tomes) Nrtomt Mir 03 lOLOO iOLOO
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    Lock icon STOCKS ASIA
    4626 12 TYansactiori date: Feb 27 for more, go to wwwxisicumenmarketsxxmi HONG KONG vol HKRmti 121 002 205 HKS W- '000 Hong Kong Electric 29 60 unch 1927 Hongkong Chinese .063 unch 288 Alpha General 0.22 0 01 46 Hongkong Chinese Ltd 063 unch 288 AnandaWmgOn 001 unch ***** Hopewell
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    Lock icon KLSE
    2197 12 Transaction date: Feb 27 KUALA LUMPUR *25*-*" fg KM W- row FW Industries -0.16 unch 0 Gadang .0.98 urxh 0 AIM Realty .0.74 unth 2 *«2 Abnc 088 002 22 -J® *5 ACP Industries 3.14 -004 61 Advance Synergy. 03S -001 53 General So.1 .126 unch 0 Affm Holdings
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    Lock icon SGX
    800 12 Transaction date: Feb 27 sxt O— o—pa m* mm 1 Ow ttii cac 0.4* 3460 -0 MO NatSttal 50c &S2 2470 -OjOIO CaprtaLand 1.M 1020 OOC 9 03 UOO -0.150 Chart SenvCond 26c 066 O720 -0405 OUS 037 5J50 -0 ISO City D«v 50c 144 J 760 -0120 Parkway
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    Lock icon BONDS & WARRANTS
    535 12 BONDS WARRANTS Praa bftry Last Val Cmm Exar Mac fear- MUM —c- (1 l»fc MM f Uft AST1W*****1 175 1 16 179 069 16 Aotm Ltd VW***** 2 1 SO 845 27S 21 A/nte* WD***** 62 -4 124 1 33 3 146 28 Armstrong W040S20 05 1 10 75 1200
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  • WORLD news
    • Article, Illustration
      Lock icon Top Bush economic adviser steps down
      395 13 WASHINGTON Harvard University professor Gregory Mankiw to replace him NYT GLENN Hubbard, a leading architect of President Bush's ambitious tax-cut-ting agenda, resigned on Wednesday as chairman of the White House Council of Economic Advisers. He will be succeeded by Gregory Mankiw, a professor at
      NYT  -  395 words
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      Lock icon NY picks Berlin-based architect's plan
      333 13 NEW YORK AP A COMPLEX of angular buildings and a 532.8-meter spire designed by Berlinbased architect Daniel Libeskind was chosen as the plan for the World Trade Center site, The Associated Press has learned. Mr Libeskind's design on Wednesday beat the Think team's "World Cultural
      AP; REUTERS  -  333 words
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      Lock icon Fall in confidence blamed on petrol
      596 15 WASHINGTON Higher oil prices are hurting consumer incomes, says Greenspan Reuters, Bloomberg THE decline in consumer confidence this month is not a surprise because higher petrol prices are hurting consumer incomes, Federal Reserve chairman Alan Greenspan said. Even as he spoke, crude oil rose
      Reuters,; Bloomberg; Source: Bloomberg  -  596 words
    • Article
      Lock icon US Jan new home sales down 15%
      373 15 LATEST US INDICATORS Jan dnrable goods orders surprise with &3% rise Agencies [WASHINGTON] US new home sales plunged by a nine-year record of 15.1 per cent from the previous month to an annualised pace of 914,000 in January, the government said yesterday. The
      Agencies  -  373 words
    • WORLD Watch
      • Article
        Lock icon Telstra H1 net down 44% on writeoff
        98 15 Bloomberg [MELBOURNE] Phone company Telstra Corp said first-half profit fell 44 per cent to the lowest level since it went public in 1997, after writing off its stake in an undersea cable venture with Hong Kong's Richard LL Net income in the six
        Bloomberg  -  98 words
      • Article
        Lock icon Japanese chip equipment orders up
        69 15 Reuters (TOKYO] Orders for Japanese semiconductor equipment rose 9.3 per cent in January from December to 64.8 billion yen (5J959 million), up 110.6 per cent from the same month a year earlier, the Semiconductor Equipment Association of Japan said yesterday. But the book-to-bill ratio, a
        Reuters  -  69 words
      • Article
        Lock icon Axa profit up 82% on less provisions
        85 15 Bloomberg [PARIS] Axa SA, Europe's second biggest insurer, said profit rose 82 per cent in 2002 after the company set aside less money to cover claims. It became the latest insurer to cut its dividend from 56 per cent to 34 per cent
        Bloomberg  -  85 words
      • Article
        Lock icon US commercial lending at 4-year low
        62 15 Reuters [WASHINGTON] Commercial and industrial lending by banks, a major source of business investment and inventories in the US, is at almost a four-year low, according to the Federal Reserve. Last week, the Fed reported bank C&I lending in the week ended Feb 12
        Reuters  -  62 words
      • Article
        Lock icon Hynix execs to quit ahead of revamp
        64 15 Reuters [SEOUL] South Korea's Hynix Semiconductor yesterday said all its executives had offered to resign to pave the way for further restructuring at the troubled maker of memory chips. This came a day after Hynix said one of its two presidents. Park Sang
        Reuters  -  64 words
  • Article
    Lock icon SGX MAINBOARD
    5456 13 Transaction date: Feb 27 for live prices, log on to uwrwxisiaoriemarketsjoorn U-Wh Last Vol Day Last Quota GrtNv Mr GrYM MM MCjb W# too M« W- (588> im Low t*fm S*» Cvr M Sill ABNAmroNLG 56c 9 12 14 1)11 205 9 ACE Dynamks20c 11.5 unch 1 11.5
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    Lock icon SGX XTRANET
    65 13 n* Lat vd Day LMQMt GrfM* On CrVW MM MCas to Cimiii Ml W- CW> 1— »fr S+m Cm Ml imt ***** Diamonds US8780cd SJ40 2700 IS OJ US Tech US3740cd S75 SS5 IS MSG Spore.— USS5S 11 WO 8200 US8270cd ***** KM SPDRS US8280cd 1805 12V STIETT100
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    Lock icon SGX SESDAQ
    1424 13 524* LM Vol Day IMOwtt M> GrYM MM MCm 8# I— C—ply M» r088| t—r >H» fw M !■> 22 7.5 A8RHIdgs5c 95 9 105 183 245 15 APCMSc 165 16 17 5 11.5 1.5 7 14.5 Se 11.5 A5 Auto 10c 12 4)5 53 12 12 12
    1,424 words
  • Article
    Lock icon CLOB INTERNATIONAL
    328 13 UM UM M Day U* Quote OfOor Mi GftM IM MCjb W# I— Cw»wy 5*» W- flW> —y» Mhr Cw W M 115 K AVlenrangsA25c A101 -1 76 104 101 100 102 40 3.4 9-9 59 217.4 20c NK720 *5 2 1 7 4 6 *****2 CheungKongSOc MIC
    328 words
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      98 14 SEMBAWANG KIMTRANS M M# OurVlSlOn ...our investment Develop Singapore as an integrated and connected logistics hub that will enable effective support for Singapore's logistics needs v jv Constructor: Partners: |RMHB RWStOSi 1 »doCBC Bank I HONG LEONC FINANCE J d S2i2Sit rp SembCorp Engineers \S L£j prought engineering pte lto
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      115 15 I¥Tl A 1* 1 J .4 Presented Diners Club Credit Card r. 6416 0980 Where to wine, dine and entertain... privaeges Trea<s (gjesa, PSUOH CITY HOTEL IW\ COFFEEHOUSE 15 Tanjong Katong Road Singapore *****0 Sionya cum Local Lunch &High Tea *TS*ir llwry Saturday A Sunday A Oil* -12noon to 230pm
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      Lock icon Page 15 Advertisements Column 2
      138 15 wfld iflon Rf M 31/VO3. MM Holidays: ■Mroniy $iwJBPH Feast on New Zealand Rock Oysters. Mussels. Smoked Fish and Qillled Prawns, then head for the open kitchen for Seafood Skewers. Crayfish, Spicy Crab and more. An added bonus is our Japanese corner, featuring fresh Sashimi. Sushi. Ebi Tempura. Tori Teriyaki
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      211 15 ~K i i < ttut. ilftiltztM knpart c!^ssM nassaalSw gls% jj «IK 7 js^/.D»ißß.g|| FrMfc ftah wN* VHir B«4wd Swifter Shwtf Fin Pin. Nuts in Swm( 4 Sour Smic a Atalon. b» Sot» bHteSjssgsr.. sgsg-rr.. h The Best Of Teochew Porridge At The River Terrace L b| Qdmv v 1
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      126 15 Iks, ®ri I I I Function Room I I > Anniversary Dinner Dance I I|, Baby's Full Moon g I I Co ef Br ak avallab 'j I I Maximum 100 pax I Minimum Seminar 15 pax I For enquiries, call us at 430 4119 I I 218 Queen Street,
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      224 15 THE NEPTUNE T| c o i i t i a an DIANXIN AT THE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 6224 3203 oat-am, Managed by Meritui Mandarin Singapore 7lh Floor Overseas Union House, Coltyer Quay Singapore *****1 Id: +65 6223 418S Select from our extensive
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  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      273 17 CRYPTIC CROSSWORD 1 Transport fee arranged by childminder (6-6) 9 Only an idiot gets port in Bet- PH 10 Abrasion resutts from having caught rodent in school (7) HH H| j^H 12 SoaaMe has sex appeal, but no 11 13 Lad leavng Virgin boss shows 16 Aims to embrace Leslie
      273 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Shod for Success
      1453 18  -  The fashion-conscious career women in China tend to be fans of imported labels, but Chinese fashion is fast catching up, and local brands, such as CJbanner shoes, are gaining a foothold, reports CORINNE KERK CORINNE KERK SHE is 28 years old, married but not yet a mother.
      CORINNE KERK  -  1,453 words
    • Article, Illustration
      Lock icon Comfortable and contemporary
      271 18 MADE in China, designed by "foreign talent" and targeted at the world (eventually). So, how do Hongguo International's C.banner (Qian Bai Du) shoes measure up? For members of the Singapore media who put them on and tried them out when pounding the streets of Nanjing and Shanghai
      271 words
    • THE ARTS
      • Article, Illustration
        Lock icon Artistic feast for kids
        510 16  -  Prudential Children First's main festival offers 10 acts spread over 19 days By Parvathi Nayar PRUDENTIAL Children First! Singapore's international festival for children presented by Act 3 returns for the fourth consecutive year, and promises to be the biggest, longest and best yet. Children First! has
        510 words
      • Article
        Lock icon Satisfying main course but disappointing finish
        337 16  -  By Aaron Lye THE Singapore Repertory Theatre's (SRT) presentation of Spilt Gravy On Rice was written with a very specific audience in mind peppered as it is with references to Malaysian current affairs, jokes, politics, and served with a generous portion of Malay jokes
        337 words
      • Article
        Lock icon Consummate performer
        258 16  -  Laurie Anderson let her voice do the talking, bnt talk well it did By Parvathi Nayar HAPPINESS by the phenomenally successful performance artist Laurie Anderson was a triumph of the art of the story-teller. Or, more precisely, non-linear storytelling to ambient synthesiser music. To weave together themes of
        258 words
      • Article, Illustration
        Lock icon The Empress invites you to explore
        844 16  -  PARVATHINAYAR tours the Asian Civilisations Museum to find it isn't a cold museum but a living one PARVATHI NAYAR WE bemoan the lack of a museumgoing culture in Singapore. Well, that looks set to change by royal decree of the Empress, who reopens tomorrow
        844 words
      • Article
        Lock icon Flamenco Republico sizzles with passion and wit
        233 16  -  By Cheah Ui-Hoon IF audience response at Flamenco Republic's performance presented by Streats was anything to go by, the Andalucian dance group has won itself some permanent fans. Peppery and percussive, Flamenco Republico's dancers fairly sizzled the stage at Esplanade's Theatre last weekend.
        233 words
      • Article, Illustration
        Lock icon An evening of eye-candy treats
        260 16  -  By Cheah Ui-Hoon IMAGINE the models in Vogue magazine leaping out of the glossy pages and onto the stage of Esplanade's Theatre voila! You have the Hamburg Ballet's Bernstein Dances, the ballet revue by choreographer John Neumeier, in a nutshell. As ballet companies go, this
        ARTHUR LEE  -  260 words
      • Article
        Lock icon Inspirational guitar heroes
        220 16  -  By Kannan Chandran FANS of acoustic guitar music should catch the inspirational double bill of Miguel de la Bastide and Martin Taylor when they take to the Esplanade on March 4. Though playing different styles of music, the two have built up a reputation for their skill
        220 words
      • Article
        Lock icon Creative growth matters more to Bridgewater
        326 16  -  By Kannan Chandran THE songs of Ella Fitzgerald could hardly have a better ambassador than Dee Dee Bridgewater who takes to the Esplanade on March 3, where she will focus on the great jazz lady's works. But, in keeping with the improvisational backbone of
        326 words
    • PERSPECTIVE/CINEMA
      • Article
        Lock icon Right fairy tale, wrong world
        706 17  -  OFFUfrrm.'i Michael Jackson and Peter Pan share some similarities, bnt nnlike Peter, Jackson did grow np, and that's where the fairy tale ends jaime ee ONCE upon a time, there lived a little boy named Michael. He had a big nose and an afro, but
        706 words
      • Article, Illustration
        Lock icon Surviving the Holocaust
        569 17  -  The Pianist is both unnerving and unnecessarily drawn out, but it makes for grimly compelling drama By Geoffrey Eu ON a fundamental level, The Pianist is a poignant and uncompromising cinematic rendering of man's inhumanity to his fellow man, as well as a painful study of one
        569 words
      • Article, Illustration
        Lock icon Something ironical About Schmidt
        523 17  -  There are some fanny moments bat the undercurrents are bleak By Parvathi Nayar QUESTION: What is Jack Nicholson without the satanic glint, the attitude eyebrow, the blazing screen presence? Answer: A retired Nebraska insurance actuary, a nobody with a body that bears the imprint of life's
        523 words
      • Article
        Lock icon Daredevil fails to score a bull's-eye
        211 17  -  By Geoffrey Eu HE walks softly, carries a big stick and oh yeah he's blind as the proverbial bat. Devotees of the Marvel Comics series will recognise him as Daredevil, a.k.a. the Man Without Fear, who's merely the latest in the ever-in-creasing crop of
        211 words
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  • SHIPPING TIMES
    • Article, Illustration
      Lock icon PSA's HNN gives up Antwerp port concession
      580 19  -  P&O Ports to take over terminal being built on east side of Deurganck Dock By Beth Jinks [SINGAPORE] PSA Corporation's Belgium subsidiary, Hesse Noord Natie (HNN), has relinquished one of its concessions in a controversial expansion at the Port of Antwerp to its
      FILE PHOTO  -  580 words
    • Article
      Lock icon DAILY FREIGHT
      259 19 Reuters THE Baltic Dry Index fell 1 point to 1767, the Baltic Capesize Index lost 3 points to 2505, the Baltic Panamax Index shed 9 points to 1677 and the Baltic Handymax Index rose 74 points to *****. TIME-CHARTER] Alpha Cosmos Eastern Rich relet (built 2001) *****0 dwt
      Reuters  -  259 words
    • Article
      Lock icon MARITIME STOCKS
      269 19 MX '000 r*n st \w CWT Distribution 0.63 unch 0 Chuan Hup 0.42 unch 333 Cosco Investment—0.20 0.01 376 Freight Links 0.04 uncti 50 GB Holding 0.57 -0.01 10 Jaya Holdings 0.29 -0.01 725 KeppalCorp 4.00 0.12 6226 K1 Ventura 0.15 unch 146 Keppal Tele 0.84 -0.01 11
      269 words
    • Article
      Lock icon Projector ships ULCC of Venezuela fuel oil to Asia
      263 19 Reuters [LONDON] Independent Swiss-based oil trader Projector is shipping the single largest cargo of fuel oil from Venezuela to Asia, traders said. They said the mediumsized trader had seized upon an unexpected arbitrage at the height of the Venezuelan strike to
      Reuters  -  263 words
    • Article
      Lock icon ICTSI wins Polish contract
      111 19 Bloomberg [MANILA] International Container Terminal Services Inc (ICTSI), the Philippines' largest non-state port operator, said Poland gave the company its second operation outside the South-east Asian country. The Polish government gave the company the contract to operate a container terminal in the city of Gdynia on
      Bloomberg  -  111 words
    • Article
      Lock icon Hopes fade for 40 missing in Indon ferry incident
      234 19 AFP [JAKARTA] A search was continuing yesterday for survivors from a ferry which sunk off North Sumatra in Indonesia, but hopes of finding anyone alive were fading three days after the tragedy. Police said 29 people are confirmed dead, around 40
      AFP  -  234 words
    • Article
      Lock icon Saudi Arabia extends crude oil chartering spree
      391 19 Reuters [LONDON] Saudi Arabia has waded into the tanker market for the second time in a month, snapping up four large tankers to ship an additional 8.5 million barrels of crude to the United States for arrival in late April, shipping brokers said.
      Reuters  -  391 words
    • Article
      Lock icon Tanker, vessel collide twice in Baltic Sea
      253 19 No spill, neither ship damaged Reuters [HELSINKI] A tanker carrying 27,000 tonnes of crude oil collided with a dry cargo vessel yesterday in icy conditions in the Baltic Sea, the second such collision by the two ships this week, Finnish authorities said. Neither
      Reuters  -  253 words
    • Article
      Lock icon Registered owner at time of ship's arrest is defendant
      839 20  -  ADMIRALTY CASEBOOK Parly claiming to be beneficial owner cannot be defendant: M'sian court -By Selva Kumar A PLAINTIFF that arrested a vessel to make a claim against another person had to prove that that person was the beneficial owner of the
      839 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      205 20 PAGE Avant 8 B'tang Mas 5 BSA 6 BSC 8 BTL 8 Cargoways 8 CMACGM 3 COSCO 3 Chahaya 8 China Shpg 5 Confer 8 Cougar 5 CWT Globelink 6 Delmas 4 Dongnama 3 EP Carriers 8 ECL 3 Eng Lee 8 ESP Lines 9 FoongSun 5
      205 words
    • Article, Illustration
      Lock icon Container stowaways arrested
      48 20 AFP [TOKYO] A shipping container where 11 stowaways were hiding at Tokyo's Oi wharf yesterday. Japanese police said they arrested 11 people believed to be Chinese who had stowed away inside a shipping container on a ship from the Chinese port city of Dalian. AFP
      AFP  -  48 words
    • Article
      Lock icon SHIPPING GUIDE
      11160 24 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number To BELLBAY (BCB> 2048 Australia To ABIDJAN (ABJ) 2003 Cot# D'lvoiro 07/03 21/03 mol bunga kenari 3009 45******84 10/03 24/04 China Shpq
      11,160 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        620 27 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER118 E3045 J3 A/SIDE 28/02 0030 BT MEK FEB27 J1 A/SIDE 28/02 0200 FARE AST EXP 89 J6 A/SIDE 28/02 1500 UNION STAR38 02/03J J4 A/SIDE 28/02 0600 YUNDA 1 J5 A/SIDE 28/02 0300 ANABAS 2385E J15 28/02 0800
        620 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1503 27 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un Berth Name Voy Voy seq berthing Nmbr ACX SAKURA 014N 011 *****003H500 0203/*****200 K12 ACX VIOLET 0S3S 053S 1 02/03^003 1SOO 0303/2003-0300 ALAMJAYA2 8835 8835 J *****003-02 30 28/*****3 1200 IQ1 Aft IRELANO 101E 101E 1 **********00
        1,503 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        130 27 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: Hi)r\ah Mar 8 Belarus: Women's Day Russia: Women's Day Slovenia: Preseren Day MarlO Cyprus: Ash Monday Greece: Ash Monday
        130 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        513 27 THinitrtlilMKMiMfMamlrHftrOllVMnlMihntoiailiMMrMi frm Ma* Mr* liWrt M «hMt MMIa dM to hM to partMtattaQ aMtaamr*. hwtaf ptrts Mm a''Miaaa In nftaM fcf kwAr< CHRpirtNii kH nai aiagt wttlitJM MmiMnri SpacMcaMaa Umtti paIMM by cmM MaraaMaatf «m MmNmiACwl«Hm (CMAC) tar aacfc paraaatar. Far MriM Mmlta mi cviwrt tad
        513 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        794 27 THIS report, compiled by Cockett Ma rine Oil Lid, 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
        794 words
    • AIR & LAND transport
      • Article
        Lock icon Airlines running into fuel hedging turbulence
        652 28 Carriers reluctant to renew hedges at current market peak, in case prices fall; bnt they may be caught Reuters [LONDON/NEW YORK] Spiralling jet fuel prices ahead of a possible war in Iraq threaten another dent in the revenues of US and European airlines which
        Reuters  -  652 words
      • Article, Illustration
        Lock icon Air NZ turns around with NZ$94m profit in H1
        478 28 Cost catting pays off; new service boosts traffic on key domestic routes Bloomberg [AUCKLAND] Air New Zealand Ltd, rescued from bankruptcy by a government bailout last year, reported a first-half profit by eliminating meals and business class on domestic flights to
        Bloomberg; REUTERS  -  478 words
      • Article
        Lock icon THAI to buy 7 Boeings from UAL
        163 28 Bloomberg [BANGKOK] Thai Airways International, the national carrier, plans to buy seven Boeing Co 747-400 aircraft from UAL Corp's United Airlines for US$35O million to increase passenger capacity. The carrier will save as much as US$lOO million on each plane by buying aircraft
        Bloomberg  -  163 words
      • Article, Illustration
        Lock icon Ryanair to ground discount carrier for a month
        293 28 It will also axe up to 400 of Buzz's staff if operations restart in Hay AP [DUBLIN] Ryanair, the lowbudget Irish airline, said on Wednesday that it will ground all flights at Buzz, the ailing discount carrier it recently acquired from KLM
        AP; AFP  -  293 words
      • Article
        Lock icon US Airways plans to join Star Alliance
        257 28 Bloomberg [PARIS] US Airways Group Inc, which gained federal approval for its bankruptcy reorganisation earlier this month, plans to join the Star Alliance, the world's largest partnership of airlines. "Today the company is still healing, but it's planned that it joins us once
        Bloomberg  -  257 words
      • LOG Book
        • Article
          Lock icon Rolls-Royce to cut up to 1.100 jobs
          91 28 Bloomberg [LONDON] Rolls-Royce pic, the world's second-biggest aircraft-engine maker, said it will cut as many as 1,100 jobs, or 4.9 per cent of its UK workforce, by 2005, as it reduces costs to compete against US rivals. The reductions will probably come at
          Bloomberg  -  91 words
        • Article
          Lock icon Engine hood falls off Air India plane
          73 28 AP [NEW DELHI] An Air India flight bound for Saudi Arabia returned to Bombay's airport on Wednesday morning because its engine hood fell onto the runway shortly after take off, an airline spokesman said. The flight to Jeddah was not carrying any passengers,
          AP  -  73 words
        • Article
          Lock icon Virgin Blue plans maintenance unit
          65 28 Bloomberg [SYDNEY] Virgin Blue Airlines Pty, Australia's second largest airline, plans to start an aircraft maintenance unit called Virgin Tech, which will employ 35 people. As part of its expansion, the airline is setting up its own maintenance unit in Melbourne. Patrick Corp, which owns
          Bloomberg  -  65 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1976 28 on Futw n> fuan w 5025 otoo ***** «MM) IM229 2245 L*9?« "M5 8*7305 2255 $022? 2245 S0325 1545 0F5 2255 an LK778 1650 W9763 2350 ****** *50 LH9766 2350 "!!5 JJ* $036 2345 S020I7 1650 S026 2350 1 8*7306 «25 WT79 2359 WW WW Of6
        1,976 words
      • Article
        Lock icon Northwest asks pilots for 20% pay cut
        179 28 Bloomberg [ST PAUL, Minnesota] Northwest Airlines, the fourth-largest US carrier, asked pilots for a 20 per cent pay cut as well as permanent changes in benefits and work rules, the pilots union said. Northwest asked pilots earlier this year to begin talks on
        Bloomberg  -  179 words
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      6 19 KpnVjHVVipHBBHiH Air NZ KHHHHI turns P|H
      6 words
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      Lock icon Page 19 Advertisements Column 2
      47 19 Far adveriMaf/autoecripioaa, caM Bernard Ong: *****645, Joe Wong 6319 2062 HP: 9620 1327 Entail: wongwsjOaph .com .eg NraMailßl NtonApacMtalHie: Baft JnkK 6319 5214, GaorgaJoaeph:63l9s772,DonaldUrquhart63l9sl97 Fax *****261 D Surandran: 6319 2109. Mali Itanpnri Plan NaMhp M* 6319 6319, Fax: 6319 6197/6319 6168 e-anfc bWHpOcybarway.oom.ag MmmL M*. /MHptlmaajaial jomjq/
      47 words
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      636 20 I TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I vcsa VOT PEG |raSW|IOWGKAQ< [d*UAS|hOUSTOM [«rws|cnaeo jIKWTOtI II TO AUSTRALIA (AUSTRALIA ASIA EXPRESB) OOdJAPM 45E0f 2S/07 74/07 14/03 11/03 71/03 If/03 lf/B3 77*3 VOT |[USm| PIG 1 Ftf I M I —SYO I MB. Ml 00QNEWY0U TfElO 05/83 04/03
      636 words
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      Lock icon Page 20 Advertisements Column 2
      106 20 WORLDGATE EXPRESS UNES PTE LTD *7TT f 180, Cecil Street, #16-03/04, Bangkok Bank Building, S>ore *****6 /Tel: *****911 Fax: *****073/*****863 Email: wgate@mbox2.singnetcom.sg ■I WEBSITE: http://www wortdgate com. sg WEEKLY FCL LCL SERVICE TO FOLLOWING PORTS SOUTH-EAST ASU SB HUI CAST SB MMAM SUB-OOMT SB POtIKUMG/PHUNG 02/03 HON6 KONG/CHIHA 02/03~ COUMUO
      106 words
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      Lock icon Page 20 Advertisements Column 3
      651 20 linn services represented by ssa»i Soggpore Shipping AttociaHon CONTAIIK/ CONVEimONAI CARGO ran KLANG/sMGAracf/iMuum i iimn VW KTAHKI. KTASIN KTA MAI» fwpnw Uh MS I4«J IVB a«» Prtarm* UK OCS M«4 K.%4 IX«4 UU MAKINK SKRVH'KS MM.APOftt PVi» «H 7l«k (UWMi hu: (SMTMft St AX HAKT AGENCIES SON BHII B X
      651 words
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      638 21 To Our Valued Customers 6- Business Associates, We are pleased to announce that with effect from Ist March 2003, our Company's name Mitsui O.S.K. Lines (Singapore) Pte. Ltd. will be changed to MOL (Singapore) Pte. Ltd. The Management MOL (Singapore) Pte. Ltd. VtSSCI VOY ETASW ETA YG* M VfSSa VOY
      638 words
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      1938 21 mkctcmTTO 1 *IMMI(MMIMMI) 10-IIIMBrS PORT SVUN (SVDAM) 12DAYS JfcQABA (JOtt AM) 10 DAYS GfNOUU MOTS SMUratl: M tOMBOW»«1I-W SAUS/OKSTtL *****157/43 FAX: 47MSJ7I/741 i—IM fIfIIMIMI A ">«» KhlK COSTAR SHIPPING PTE LTD www**"* ominv/ii mtosm? 4711*375/75 I mifl n J; a»ii»K numimwii) mutmo mww mjmiu/* I BOMItAI (YEMEN) 15MIS ana 11/l/iwoo*
      1,938 words
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      851 22 MMK€- I HYUNDAI MERCHANT MARINE CO., LTD. Hiaipui: wwwi—2 luw NO. **********0H IVBsa vot m sou ia roi ant mm m [rasa voy I sou lbi Imo I ant I ham I o*v TT* NTfOOUU M2W 63/03 2S/03 10/03 11/03 73/03 HYUOHtTY 3131 11/01 05/07 07/07 00/07 11/03 APLKAtI 11SW
      851 words
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      1275 22 WAN HAI NTBNATIONAL FT! LTD a NOt iwsfNM/l V" -""V I lilPI 1 TILA224ISIS (14 IMS) FAX; 6254)163 HAI LINES ssssasttsuSMßßL. Jw^wtßirawLvmwßiw&iniimMnNULiniiimnvofiw www wMkii cm si n*Ht>s»i«Mi«i)sa4mruiia.7it»/7i4Bi aiiBMWWMW— EW(■MM 711 B«V jIM ]J« Sfi I'/V IMS U/O ll« JWJ NMIM7I] 1171 1717/H iw Ml n« M KB Ml IWNMTS m
      1,275 words
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      607 22 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO All NORTHERN AMD WESTERN ICO PQMTS »Rsa voy sm pjoanc mmm *.swra com—o towhmm mat «H MM BWI kiwi mm imram rwwi; mum is mm wmm i?mm 15mm M*MO 108 lIW HIM It MM Hil Jim MOWAHIMM lIW WMM It MM 73WJ TtMM
      607 words
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      1064 23 IRISL, Odm Sou Qdm (MUM*Jh Boat}? GQtfg)® £W tfhlfl&ygfil IbtiW Iktstitiig) ifo foilkHMs] QlftsJUO (sk* W&UU (stef ih) <SJk§» G&yinititim 3® Q&® {fc&Umtf ftraoasft? QUiam* AGENT IN SINGAPORE AGENT M MALAYSIA AGENT IN INDONESIA SMOSE MARITIME PTE LTD CR NO: **********0H BOUSTEAD SMPPMG AGENCIES SON. BHD. PT. SMOSE CONTI PERSADA
      1,064 words
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      511 23 i nik UK CONTINENT SERVICE Loacftngfor ORIGINATOR RDM/ATW/BMN/UK/NAN OCEAN ISLAND RDM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia. Indonei MIDDLE-EAST SERVICE Loading tar VOYAGER V DBl/ABU/DOH/BRN/DMM/KWT PAN LEADER ADN/JDH/AQA ATHINA DBl/ABU/DOH/BRN/DMM/KWT ASEAN GLORY ADN/HDO/JDH/AQA V IPIROS HELLAS DBl/ABU/DOH/BRN/DMM/KWT ■Loads Singapore. EVW. MMayaw. Indone— USA SERVICE Loadngter NAUTIC CONFIDENCE CAM/NFK/SAV/NOL PAPAYIANMS VCW/LAX/MZL toads E/W.
      511 words
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      1100 23 JBsa m m eh jsssa kh ai mi r*pm mm i]ii3 W/M -fMJBBi im 12/03 M/M -Esaee* M/M 03/03 .EAUIU zuj MZU m/M fM MIMA MHN M/M M/M _HLBOIM till K/U »/M fX MOA MfTW am M/M PAtIAU 13/ M 15/ M jtuMm ssm Q7/Q3 PA( lANOA JIW MJ3 01/03
      1,100 words
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      530 24 L LINE IVri \Vmy »<■ |P4w[Ml»—[•■■■l T—|K—»r| TH* |Pifcßnl|lUw|MM»n| Honiin Homburg 073E" 04/03 20/03 26/03 27/03 Honiin Homburg 073E** 04/03 21/03 02/04 Honiin Homburo 073E" 04/03 12/03 23/03 25/03 ~*****~ Honiin Hamburq 073E" 04/03 18/03 28/03 30/03 Washington ~955E TW 30/63 W "2770T Washing ton Senator" 955E 11 /03 21/03
      530 words
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      288 24 CWT GLOBEUNK PTE LTD —W OWN OFFICES mT E L:6 ***** 3 3 (36 LINES) FAX *****742 SYDNEY MELBOURNE PENANG POUT KELANG PASIK GUDANG KUCHING BANGKOK-KARACHI BOMBAY NEW DELHI COL OMBO-HO CHI MINH CITYHAIPHONG-HANOI-BREMEN-HAMBURG-TIANJIN-QINGDAO-SHANGHAI XIAMEN FU/HOU DALIAN XIANBEIJING SHI JIA ZHUANG EAST MizmmmmmMi ALEXANDRIA/PORT SAID/ASHDOD/UMASSOI/PIREAUSffHESSALONIKI/BEIRUT/AQABA/ISTANBUI/IZMIR L¥EtT HAiasnmiRANUAK IHMtVGAL BARCELONA/GENOA/MARSEILLE/LA SPEZIA
      288 words
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      258 24 BSA x MYANMA BB FIVE STAR UNE (Mf—■ NctiMMl Um) f« Ym«m «ssa vot sm m m rati QM SHWI HAW 54W SID PAGAN V3O4W SU> 111 3AIATSIA: OOUSTIAD SHIPPING AGfNdIS lUL 03-*****)00 PiL 03-*****101 PB4: 04-2****** BANK LINE (A strvk* «f JMrtw W«r ShippMf) 1 NORTHBOUND TO EUROPE v
      258 words
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      750 26 neasHttx OMM 04-05/03 1113/03 im/03 I T»6asn 041* 0701/03 1414/03 7172/03 I SHANGHAI EW OATH 1112/03 1170/03 ?S 74/03 I n6aißo6f 043 D HIS/03 71 73/03 7879/03 I vot sm XWSIOOMII73 SWS3 *****3 14-17/03 I IKISWBT 043 OJW/03 17 14/03 7174/03 I JIAUHMU 093 04-OS/03 11 17/03 77 77/03 I
      750 words
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      739 26 VtSSft MAWf VOT SMGAPOtI ror KILANC OfTTAGONG WONGU ftA no ru no [ta no IX HONOUR 07N056 SAT 01/03 07/03 03/03 04/03 10/03 18N004 WON 03/03 04/03 05, 03 08/03 12/03 KMC" I 06N060 THU 06/03 07/03 07,03 11/83 14/83 ocuw 09N045 SAT 00/03 04/03 09/03 13/83 17/83 [g<M_ 81M136
      739 words
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      62 26 CONFER (S.E.A.) Zgd SHIPPING PTE LTD TEL: *****868 FAX: *****245 DIRECT CONVENTIONAL SERVICE TO CHITTAGONG VESSEL SIN CTG EMERALD 15-16 MARCH 20-25 MARCH D4RECT FCULCUCOMVENTIONAL SERVICES TO:mdtan Su&Coranan tMas C*Uta Bortay Karatfi CotarrOo CXtagcng Tukam Coctw Far Eaa Ho Oi M* MmM Brngpcfc Bus^ FCL/LCL S*rvic*s To: Vi«i in* Metxume
      62 words
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      1018 26 A? PDZ LINES gr^-jssrt«sia.| IQEQBB32QI&BS Pffi 6W axX|/03 0.0mU3 SX/5 taH m MKlSplasiuiG AG3OB W/M H/93 jjMMnijiM M»ggttorfw/iT s.«aim« iw 11/naw «/ta lauoiiG ~^T jZZgL CMPO o*/M IWHI looT is/c ckuiig »Mj«w j»M iiZW_aswg_joPs 04/03 KW«I »n i»/w ajpg »r a/p lauowG Ism liTiT ~^iT jMI U/MlW— MW ti/M I<MWMI
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      255 26 SflßßHi 44Z:<7A1 RREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI ivßsa VQTMg n*siG*roti n*uuoi~| turn* oosHw K/oym M/WB SEA-PAC MANAGEMENT PTE. LTD. 70 Anaon Road #17-07/06 Apw Tow*, Singapore *****5 Tdepham: 6270 0977 FauimOw 6275 2309 Tatax: tS ***** SEAPAC MRECT SIN NAMRO, D.RJL KOREA I rasa
      255 words
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  • Page 27 Miscellaneous
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      123 27 g REGIONAL WEATHER 5 FOR 7AM 28 Feb 2003 Issued by Meteorological Service Division,NEA LEGEND: Thunderstom Wind speed symbols showers u c rc e Ijne indicates calm or light and variable winds p a j n 1 One half fleche represents 5 knots Cloudy Day 1 -One full fleche represents
      123 words
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