The Business Times, 13 March 2003

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Total Pages: 26
1 26 The Business Times
  • 13 1 MIT£I(PIO24/03/2003 THE BUSINESS TIMES SING APORE Internet: http://business-times.asial .com.sg THURSDAY, MARCH 13, 2003
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  • 599 1  -  Flash estimates encouraging, but DPM Lee warns things may yet worsen Byi Chuang Peck Ming, Audrey Tan [SINGAPORE] Singapore's economy posted a steady year-on-year growth of 2.7 per cent in the first three months, despite war clouds hanging over the global economy, according
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  • 605 1  -  By\ Shoeb Kagda, Wong Wei Kong in Singapore TEMASEK Holdings is said to have brought Deutsche Bank on board in place of Goldman Sachs to advise on a bid for a 51 per cent stake worth US$4OO million in
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  • 71 1 STI 1,233.68 (+17.57) ST INDEX FUTURES 1,237.00 (+27.00) SIMSCI FUTURES 181.00 (+2.70) Wednesday Change KLSECOMP ***** >9.88 NIKKEI 225 7.***** +80.61 HANG SENG 8,874.99 >15.06 SET INDEX 352.44 +1.46 JAKARTA COMP .387.25 +7.90 MANILA OOMP 1.000.44 -667 TAIPEI WPI 4,***** +67.70 SEOl'LCOMP 531.81 -072 SHENZHEN B ***** +099 AI'ST
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  • 78 1 FOREX RATES US$ SI I SS (SS per I S$) 1.747 £(l'S$/SS per S) 1607 1807 El"RO(i:SS/S$/E). 1.103 1.927 YEN 117.4 67.20 RM 3.800 1176 HKS 7 799 4465 BAHT 4174 24.47 RIP1AH a888 5.089 RENMINBI 8199 4.751 INDIAN RUPEE 47 65 2718 PRIME RATES SINGAPORE* 515 Kl'ALA Ll-MPTR
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  • 447 1 Conflicting reports add to volatility in markets Reuters, Bloomberg [WASHINGTON] The US government said yesterday it has no information to substantiate an Iranian Radio report that Al-Qaeda leader Osama bin Laden has been captured in Pakistan. "We have no information to substantiate
    Reuters,; Bloomberg  -  447 words
  • 614 1  -  I -It exclusive! Cheaper rent will be a pins point for corporatised unit By* Andrea Tan [SINGAPORE] From Bukit Merah to Toa Payoh and back to Bukit Merah? HDB Corp, a corporatised offshoot of the Housing Development Board, is considering
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  • Page 1 Advertisements
    • 48 1 The Good Doctor ha s his hands full 3m Impact on Singapore: What economists say Page 2 Business as usual In Persian Gulf Shipping Times, Pg 1 Extracts of DPM Lee's speech in Parliament, Pg 8 Full text of DPM Lee's speech, go to: http://business-times.asial.com.sg Hill 8"*****1 *****4
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    • 60 1 Peter Lim IfIHH boosts UPP stake past mark Page 3 HHIKk US real estate veteran to Join Mapletree? Page 7 Freehold-leasehold caveat gap narra**. U8 and UK set terms to extend deadline for Iraq, Pg 14 B V LC A R I < i J £i\kV f i m 1
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  • NEXT page
    • 842 2  -  Few economists are quantifying their fears, given that anything could happen, writes Wong Wei Kong Wong Wei Kong ITS called collateral damage but would it be serious enough to tip the Singapore economy into another recession? As the sands run out for Iraq,
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    • ON THE grapevine
      • 89 2 IF all those Irish jokes are true, you should probably steer clear of Tan ah Merah Country Club this afternoon when the inaugural Irish Golf Tournament tees off. Or at the very least, avoid driving on roads adjacent to the golf course. Jokes aside, the tournament
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      • 146 2 IF you look at your new driving licence, you'll notice that under Class 3 you're allowed to drive cars up to 2,500 kg. This is not a new rule it's merely made clear in the new licence. However, the authorities could have kept themselves more updated, since quite
        146 words
    • 424 2 TUs will send a Strang Baggage to Iraq that its defiance wfll Mt be telerated [SINGAPORE] Singapore has urged the United Nations Security Council to stay united amid a growing divide among members over a looming United States-led war on Iraq. Unity, as
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    • 267 2 A sampling of what MPs said in the House yesterday "(Budget) reliefs are helpful, Ido concede, but they are what they are—reliefs. A balm to relieve you temporarily, make you feel good for a while, but when the effects wear off, the pain returns because the root
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  • Page 2 Advertisements
    • 343 2 SEMINAR Getting Ready for Quarterly Reporting Meritus Mandarin Singapore Hotel Mandarin Ballroom, 6th Floor South Tower V* 333 Orchard Road, Singapore *****7 Tuesday, 8 April 2003 v(L^ &30 am to 230 pm (Registration begins at &30 am. Seminar starts at 9.00 am) 3 The Singapore Exchange requires companies with a
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  • SINGAPORE companies
    • 870 3  -  It heads for China and India, seeks to step np M'sia operations as S'pore market shrinks By Andrea Tan IT takes a doctor to do the job. To be precise, it takes a heart surgeon like Parkway Holdings managing director Lim Cheok Peng. For Dr
      ARTHUR LEE  -  870 words
    • 358 3  -  He's said to be epea te mere after married deal at 38J> cents average By] Michelle Quah FORMER remisier king Peter Lim, whose investments range from football-club cafes to IT solutions, has now emerged as a substantial shareholder of pa-per-products maker United Pulp
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    • 641 4  -  This follows 18 months of intensive marketing by SGX By\ Serena Ng A NUMBER of Indian companies are in talks with bankers and other market professionals on the possibility of obtaining a listing on the Singapore Exchange, the head of the SGX's
      FILE PHOTO  -  641 words
    • 428 4  -  By Serena Ng THE region's chip foundries are poised to reap the greatest benefit from an expected uptick in demand in Asia's information technology sector, Standard Poor's Equity Research said yesterday after upgrading the IT sector to overweight from underweight. The sector re-rating by the
      428 words
    • 177 4 Hotel group expects better showing for this year MAINBOARD-LISTED hotel group Apollo Enterprises, which posted narrower full-year net loss yesterday, said it is expecting better performance this year. For the year ended Dec 31,2002, the group's net loss was $5.1 million, down from the
      177 words
    • 341 4  -  By David Boey DMX Technologies Group Ltd, a computer networks integrator, yesterday posted a four-fold rise in FY2002 earnings to US$3.9 million but also suggested that it "may have to raise additional capital" to fund growth opportunities in South Korea and Thailand. DMX
      341 words
    • 229 4  -  By Stephanie Yap SESDAQ-LISTED Raffles Lasalle is offering 60 partial scholarships to Singaporean students for its design and business courses in China. The aim is to give them a chance to understand China's design industry and consumer markets, and establish networks that will be
      229 words
    • 344 4  -  It posts net loss of $4m despite revenue growth By' Vince Chong JOINT VENTURE losses contributed partly to the Tung Lok group slipping further into the red with a net loss of $4 million for the financial year ended Dec 31.
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    • COMPANYBriefs
      • 58 4 ROLY International Holdings said it will terminate its American Depositary Receipts programme with effect from June 5,2003. The directors decided to exit the programme, which was established in June 1996, after having reviewed the trading volume of the ADRs in recent years and considered the
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      • 59 4 INTERIM earnings of chemical firm Inchem Holdings International more than tripled to $534,000, or 0.64 cent per share, thanks to the better performance of its Vietnam unit For the half year ended Dec 31,2002, sales grew 14 per cent to million. Hie group expects its FYO3
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      • 55 4 KIAN Ann Engineering, a machine parts distributor, said its profits almost quadrupled at half time to $1.36 million. Its total revenue grew 11.8 per cent to ***** million. Kian Ann credited its better sales to "an aggressive pricing policy to capture a larger market share".
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      • 51 4 SPP Ltd, a building and heavy construction firm, said its wholly owned Hong Kong-incorporated subsidiary, BPL(HK) Private Ltd, has received in tail the payment of HK114.76 million million) from Hong Kong-based Chun Wo Foundations Ltd. This follows an arbitral award dated May 17,2002, in favour of
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      • 89 4 PKTech International Ltd, a computer services firm, has proposed returning 5 cents per share to its shareholders as part of a $10.2 million capital reduction exercise involving the reduction of the par value of each share from five cents to three cents; and the cancellation of
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    • 723 4  -  ■TTiTSTi locksiew christopher tan Shareholders will meet next week to give their blessings (or not) to the arranged marriage of Comfort Group and DelGro Corp two of Singapore's biggest transport companies. Before they do, those in the Comfort camp would do well to demand a
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  • Page 3 Advertisements
    • 51 3 ral Philip Gunter I \^V Explorer When I was S it was family vacations with my parents At 11. field trips At 35. family vacations with my kids Now I'm going where everyone isn t 4£br LONG LIVE DREAMS jf §r-)' V lefivKtrr i tai iA ii B jii%- v
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  • Page 5 Advertisements
    • 1595 5 lVlake Wireless Your Businefl 4r Wired With Wireless It is about doing real work in real time wherever you are. W&Mm IDA visit the Wireless Mobility Experience 2003 M s\ (A/irolacc .j» j. a t Surttec City Mall, Entertainment Atrium [outside Carrefoui), programme ww Clwj technology nds3rrivco.Toody« rt isB j
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  • SINGAPORE markets
    • Article, Illustration
      306 6 OTHER SINGAPORE INDICES Mar 12 VALUE CLOSE BTOB/DS -373.CX) -*-94.00 IT CUDI -*****.00 ♦98.00 HlHayMA -*****.00 -37.00 AB-SG 332.45 +5.17 SCEMttttlhct 113.31 -*-1.33 SC [«■«>« Fta 1020 23 +16.07 S6 Prop 304.23 +9.67 UrtSiwra 150.83 +2.53 SMSCI Futures 151.60 +2.70 Vil i I LAM ic 24.610.000 A*ts2c 17.756.000 ST Cnffi
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    • 255 6  -  HOT STOCK/ WARRANT By' Ven Sreenivasan IT is not often that analysts hold a more bullish view of a company's prospect than its own management. But that seems to be the case with contract manufacturer Norelco Centreline. After reporting a better-than-ex-pected 18
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    • 768 6  -  I-li comment STOCKS r. sivanithy ARISING index does funny things to a lot of people, stirring all sorts of emotions that run the gamut from relief to regret. It also raises many questions in the minds of observers the biggest being "can buy or not?"
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    • 612 6  -  I-\i comment CURRENCIES More upside possible but longer-term players prefer selling on such blips larry wee THE prospect of a US invasion of Iraq as soon as this weekend prompted currency players yesterday to lock in at least part of the handsome war
      Source: Reuters  -  612 words
  • 3254 6 UNIT TRUSTS FUNDS Com Global Finance Index Fd 0 642/ Com Global lifestyle Index Fd 0.741/ Com Global Health lnde> Fd 0724/ MNMreABet Mgt (Spore) Com Global Telecom Index Fd 0.3S2/ Star Europe Ecityl* 5 0.507/ Giobal Index Fdl" 074 V Star Europe Bd. 1728/ Com Global Energy lnde» Fd
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  • SINGAPORE news
    • 247 7  -  P=H =J on the economy trade By] Elgin Toh SINGAPORE'S terms of trade fell slightly in January this year, according to figures released yesterday by the Department of Statistics (DOS). Riding on high oil prices due to war fears in the
      Source: DOS  -  247 words
    • 149 7 THE Subordinate Courts and the Ministry of Law have jointly organised a two-week nationwide Alternative Dispute Resolution (ADR) Awareness Programme to increase public awareness of ways to settle disputes other than in court. The programme kicks off on March 22 at the Subordinate
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    • 328 7  -  Forest City's Brian Jones expected to join as MD: sources By Kalpana Rashiwala A SENIOR executive of a major US mall developer is tipped to be joining Mapletree Investments to oversee the massive Harbour Front mall in Singapore. Brian Jones will be
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    • 477 7  -  IE S'pore lists opportunities in construction sector By Vince Chong A MULTI-BILLION dollar pie is up for grabs in India's housing and road construction sectors and Singapore companies are being encouraged to take a slice. In a seminar on doing business in
      Source: CDC, C , India & company Interviews  -  477 words
    • 235 7 CITY Developments has begun a preview of The Pier at Robertson, a freehold development beside the Singapore River. A CityDev spokeswoman confirmed the preview for invited guests started on Monday this week but said "pricing is still not available and sales have not
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  • Page 7 Advertisements
    • 180 7 I v sbb* hub safer* t&,.„ j». 'VHMlbClljillßl&'^ibiSMHinilHk^Hß The greatest achievements are honed from years of experience. 7V- flv That's why you should consider hiring mature workers. After all, most individuals continue to perform at their HHH^,;■ y>'\; peak well into their mature years. The fact is, age nurtures |iWMMMiMMB^B»^::
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  • EDITORIAL & opinion
    • 761 8  -  OPINION ■itfi 1 bottom line frank ching ONE figure that emerged from the current session of the National People's Congress (NPC) in Beijing has intrigued China-watchers. It is 9.6 per cent: the amount by which defence spending is scheduled to grow this year far less
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    • 70 8 This debate in Europe is not about Saddam Hussein and his regime, it's about George Bush and his administration.' -KonAsnos a former US diplomat, on the state of trans Atlantic relations. 'President Bush may be the smartest military president in history. First, he gets Iraq to destroy
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    • 635 8 EDITORIAL THE response was swift, strident and, not to mention, sweeping. Our lead story last Saturday ("It's not women's day in the boardroom —yet") apparently struck a chord of disapproval with one male reader. "Come March 8 every year, the 'Women's Brigade' whips itself into
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    • 2014 8 The following are excerpts from the speech in yesterday's parliamentary Budget debate by Deputy Prime Minister and Finance Minister Lee Hsien Loong THIS (2003) Budget is an important step forward in restructuring our economy. It builds on the strategic shifts that we began last year, especially
      CHRIS LOH  -  2,014 words
    • 385 8  -  MAILI.TTH Dora Ong Kwee Cheng On behalf of the Board of Directors Craft Print International Ltd WE refer to your Hock Lock Siew column on Craft Print (BT, March 10). We would like to thank you for your fair and impartial coverage of our AGM
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  • EXECUTIVE suite
    • 745 9  -  Kalpana Rashiwala talks to some analysts to find out why Kalpana Rashiwala CAVEATS lodged last year for freehold private homes jumped nearly 60 per cent to slightly over 8,000, compared with a 30 per cent rise for 99-year leasehold private homes and executive condominiums (ECs). Although
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  • Article, Illustration
    1054 9 Translation dale: Mar 12 DITERBAint CROSS RATES c$ un m m n frn Ww m P**% Hu> 5$ Sir T$ 8* Hm4 US$ Austria 0.993 5.014 0.548 4712 28.789 53.694 0.709 7.5U 2796 1.092 34.932 ***** 1.055 4J19 0J04 20 970 2SJN 0X76 0j04 CMXb 1.120 5.617 0.613 5779
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  • Page 9 Advertisements
    • 253 9 Writing Covered Calls is regarded as the most powerful wealth-creation technique available to Share-Investors For every 10,000 you invest in shares, you can earn cash income of between 300 600 per month, guaranteed. That's a 3-6% cash-return on your capital, per month This means a net return of some 35
      253 words
    • 150 9 Indulge in the best of two culinary worlds as we bring you the best of international cuisine. Highlights indude Pepper Crabs and Roti Prata from Singapore. Sashimi and Californian Hand Rolls from (apan. Fresh Oysters, Soft shelled Crabs and Braised Oxtail from Europe and lots more. Monday to Sunday (except
      150 words
    • 88 9 British Virgin Islands Cayman Islands Mauritius Hongkong Eianagement, corporate secretarial, banking a I administration services are available. e in offshore trusts, offshore banks, and captive inies for qualified applicants. ormation and immediate service please IJ ne Lim or John Ash wood FSHORE CORPORATE SERVICES I affles Place. #09-01 Bharat Building
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    • 111 9 PS off your total bill Valid only writ) a minimum $100 spend on 6 la Corte menu Please present coupon upon ordering Valid till 30tfi April 2003 Coupon is not valid (or promotional offers, set menus, or wilfi ofW discount cards Valid from Mon Son, including public holidays Limited to
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    • 94 9 Executive Set Lunch I—\orus~l-i_,1 —\oru5~l-i_, Experience modish Indian dining by the Waters grl2 noon to 2.30pm daily CJ vegetarian mm menus available SS2O— sML per person For Reservations, tel. 6345 4466 or fax: 6344 5344 2 Stadium Walk *01 -04 Singapore Indoor Stadium Singapore *****1 (Car Park E for easy
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  • REGIONAL news
    • 508 10 KUALA LUMPUR Plantations also prime candidates in government-led marriages: analysts Reuters MALAYSIAN banks and plantation companies in which the government has big stakes may be first in line for state-led mergers aimed at boosting stock market interest, analysts said yesterday. The government said a day
      Reuters  -  508 words
    • 357 10  -  From\ Eddie Toh in Kuala Lumpur THE Malaysian bourse staged a rebound yesterday following the unveiling of market-friendly measures earlier this week. The Kuala Lumpur Stock Exchange Composite Index rose 9.88 points or 1.6 per cent to 629.10 points. But volume was moderate with 227.4
      AFP  -  357 words
    • 245 10 HONGKONG Reuters A CRACKDOWN on illegal money flows has forced Osama bin Lad§n's Al-Qaeda network to channel funds away from the Middle East, likely to Asia, a senior FBI officer said here on Tuesday. "They are looking for other routes they
      Reuters  -  245 words
  • Page 10 Advertisements
    • 279 10 I "m INFOCOMM H KR9IIIIIMKIwII I development n I MJ—\ authority OF Iv/ 1 SINGAPORE Authority of Singapore (IDA) and Sun Microsystems proudly I present Scott McNealy, an IDA Distinguished Infocomm Sp*ak»f. I I One of the tech world's most brilliant and influential visionaries, Scott will be discussing Registration Coffee
      279 words
    • 368 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 90 KPK CURRIE BROWN (SEA) PTE LTD MEMBERS VOLUNTARY LIQUIDATION At an Extraordmary General Meeting of the Company convened and held at 1 Magazine Road, #03-01/06. Central Mall Office Tower, Singapore *****7 on 10 March 2003, the following resolutions were duly passed
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  • REGION world
    • NOTEBook
      • 59 11 Reuters [HONG KONG) Citic Pacific Ltd said yesterday that its 2002 net profit rose 85 per cent to HK$3.9 billion (SsB73 million). The company proposed a special dividend of HK$l per share, and a final dividend of 70 HK cents per share. The result
        Reuters  -  59 words
      • 68 11 Bloomberg [KUALA LUMPURJ Credit Suisse First Boston Inc and Morgan Stanley have been hired to arrange a US$5OO million sale of 10-year global bonds by the parent of Malaysian Airline System Bhd, said bankers who pitched to arrange the sale. Bond sales in Asia
        Bloomberg  -  68 words
      • 59 11 AFP [BEIJING] Laid-off textile workers in north-east China have carried out a second day of protests and were joined by disgruntled employees from other factories, sources said yesterday. More than 100 workers from Jiamusi Textile Plant in Heilongjiang province took to the streets on
        AFP  -  59 words
      • 75 11 Bloomberg [MANILA] The Philippine central bank will publish the names of banks found to be speculating against the peso after the currency tumbled to its lowest level on record against the US dollar, deputy governor Alberto Reyes said yesterday. The peso fell 0.4 per cent
        Bloomberg  -  75 words
      • 90 11 Reuters [HONG KONG] The Hong Kong government has invited investment banks to make proposals for the sale of assets to help curb a swelling budget deficit, banking sources said yesterday. The administration is seeking ideas on the disposal of assets in areas such as
        Reuters  -  90 words
      • 73 11 Reuters [HONG KONG] Hong Kong's top real estate developer Sun Hung Kai Properties Ltd yesterday reported a rise in profit in its fiscal first half on sales of investment properties and a turnaround at its Internet arm. Sun Hung Kai reported a net
        Reuters  -  73 words
      • 51 11 Bloomberg [DUBLIN] Honeywell International Inc, the biggest maker of aircraft-cockpit electronics, said it will move software production to India from Ireland because Ireland is too expensive. New Jersey-based Honeywell will fire 63 workers as part of the plan to close the Irish software unit.
        Bloomberg  -  51 words
      • 59 11 Reuters [KUALA LUMPUR] Tenaga Nasional Bhd is in talks to sell a 20 per cent stake in a 440 megawatt power plant to conglomerate Sime Darby Bhd, Tenaga's chief said yesterday. A deal is likely to be finalised this year. The sale could fetch
        Reuters  -  59 words
    • 611 11 SEOUL He'll hand over all his shares in conglomerate's nnits to creditors AFP, Bloomberg, Reuters THE tycoon controlling the SK Group yesterday agreed to surrender all his shares in South Korea's third largest business conglomerate as collateral for debt rollovers for a group unit, creditors
      AFP,; Bloomberg,; Reuters; AP  -  611 words
    • 497 11  -  From Harish Mehta in Bangkok THE growing Asean and Asian markets offer an opportunity to build panAsean and pan-Asian ICT companies, and Singapore and Thai firms should seek closer cooperation to seize those opportunities, a Singapore minister said yesterday. David Lim, the
      497 words
  • 1598 11 SICOM FUTURES Mar 12 RUBBER Futures (dosing poets) RSS1 (S centsAg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 03 187.00 May 03 185.75 Jun 03 185.25 Jul/Sep 03 185.00 RSS 3 (US centsAg) Volume Open Month High Low Sett (tonnes) Interest Apr 03 107.25 107.25 107.00
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  • WORLD news
    • 395 12 Is Europe suffering from recession or repression? Reuters [LONDON] Is Europe heading for a depression? Or a recession? Or are its policymakers suffering from a Great Repression? Michael Hartnett, investment bank Merrill Lynch's director of European equity strategy, has coined the phrase to describe what he sees as the failure
      Reuters  -  395 words
    • 322 12 NEW YORK Falling stock markets, interest rates to blame US EMPLOYERS' pension schemes are facing a record US$3OO billion shortfall, the head of the governmentsponsored pension insurance programme told a Congressional panel. Steven Kandarian, executive director of the the Pension Benefit Guarantee Corporation,
      322 words
    • 208 12 NORWALK, Connecticut Bloomberg US accounting rule makers voted unanimously to overhaul guidelines governing stock options, moving closer to a standard that would force companies to treat options given to employees as a salary expense. The Financial Accounting Standards Board, the private-sector panel that sets
      Bloomberg  -  208 words
    • 427 14 Reuters [PARIS( A resounding "No" to war in Iraq from French President Jacques Chirac has thrown the spotlight on France's luxury brands such as Moet Chandon and Chanel, amid fears of a retaliatory boycott by US consumers. Mr Chirac told French
      Reuters  -  427 words
    • 507 14 NEW YORK Move aimed at winning over wavering UN Council members Bloomberg, Reuters, AFP SEEKING crucial votes on a divided UN Security Council, Britain and the United States suggested Iraq could be given a few more days to prove it
      Bloomberg,; Reuters,; AFP  -  507 words
    • WORLDWatch
      • 125 14 Reuters [WASHINGTON] The US trade deficit narrowed sharply in January to US$4l.l billion, but still stood at the second-highest level on record despite an upturn in exports, the government said yesterday. Rising oil prices ahead of a possible war in Iraq helped keep the
        Reuters  -  125 words
      • 119 14 Bloomberg [LONDON] Shares of Canary Wharf Group pic fell by almost a third after it said vacancies may almost double by 2005. The shares were down 29 per cent to 160 pence at mid-morning, their largest one-day decline in at least four years. The vacancy rate
        Bloomberg  -  119 words
      • 76 14 Bloomberg [SANTA CLARA California] Intel Corp said 2002 net income would have been reduced by US$l.l7 billion had the company treated stock options as an expense. Earnings would have been US$l.95 billion, instead of the reported US$3.l2 billion, Intel said in a report
        Bloomberg  -  76 words
  • Page 12 Advertisements
    • 524 12 %-.:^%'*KS y &s* WXSi ''v &Q®fc 0, <-w" V v fit®" '^r Headquartered in London, HSBC Holdings pic is one of the largest banking and financial services organisations in the world with a network of over 8,000 offices in 80 countries and territories. The Annual Review 2002 will be sent
      524 words
    • 873 12 289 K22/ta^rtart#^m^ IN THE MATTER OF THE COMPANCS ACT. CAP. 50 1) VOSAL UNE PTE LTD 2) SCORE TECHNOLOGIES PTE LTD A- U-L I pn wernoers voluntary UQuwauon. At me respective Extraordinary General Meeting of fte above-named Companies deemed to be heid on 26 December 2002 and 12 March 2003
      873 words
    • 1196 12 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF RAFFLES KAISER PERMANENTE HEALTHCARE PTE LTD (In Members Voluntary Liquidation) At an Extraordinary General Meeting of the members of Raffles Kaiser Permanente Healthcare Pte Ltd (the "Company"), duly convened and held on the 10* day of
      1,196 words

  • 4321 13 Transaction date: Mar 12 for more, go to wwwxisicucmenmarket&jmm HONGKONG v* HKRmn.. 1.13 unch 239 MS W- BM Hong Kong Electric 30.40 OX 2007 Hongkong Chinese -0.41 -0.01 142 Alpha General -0-21 unch 59 Hongkong Chinese Ltd .Ml -001 142 AnandaMAngOn .0.01 unch 3000 Hopewell Holdings 6 35
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  • 2156 13 Transaction date: Mar 12 KUALA LUMPUR 5g*"— V* I Kflfl w- roaai FW Industries 0.16 uncti 0 Gadano AM -009 1 ACMRealty 0.70 i*Kh 2 H? "52? "J Atone 062 002 22 J2 "22! ACP Industrie 230 004 12 I Advance Synergy A3* 0.01 S2 General Soil ;l-5 Affin
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  • 743 13 Transaction date: Mar 12 ctc 0m sm -aim won soc on 2. wo -mm —I|l mi 1 1.17 1J90 *0.0*0 00( Ml MM «4JOO OMMCMK IM M75 *0«W Out Ml 5.750 «MM OtyOwMc U2 MOO *0JM NHu—>H25c 040 0.740 *0.005 OmM T 25c Ml 10 300 *OJOO 5GXK 1J0
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  • 455 13 BONDS WARRANTS Laat Val Caw (w Gaar '3*> Cmwi Mi «f- cm* MM I— U» AST1W*****1 175 1 14 191 000 15 AcmaLtdW*****0 AS 1 50 091 1.22 20 Amtek W*****0 52 2.5 47 1 33 1.50 27 Armstrong W040S20 0.5 1 10 110 1000 M BousteadW*****2 12 1 25
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  • Page 13 Advertisements

  • Page 14 Advertisements
    • 58 14 Streats Finance Who's the hottest investment in town? And how can you get a piece of the action? To find out who are the I I I I I I next big movers, shakers and money makers in the world Jm of finance, it pays to pick up Streats every
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  • Page 14 Miscellaneous
    • 362 14 CRYPTIC CROSSWORD *roft Ce 3 N°> ''d interrupt a lot, soundAi/HUsa jng very nasal (9) 1 A tot of stuff in joker's come- 5 Dairy product presented in back gets a laugh (6) talk? O.erpaid me, in error 4 111 see New York, shorty, rec- (10,4) ollecting old ways (3,5)
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  • BIZIT
    • 722 15  -  liicomment INFOTECH It's bad news for its rivals but a clear signal for the industry as a whole kenneth james WHEN a global giant comes in with guns blazing, you know the stakes are very high. That's true of the diplomatic for now, anyway
      722 words
    • 130 15 Reuters [HANOVER, Germany] Germans will soon be able to send mobUe phone picture messages to each other not by high-speed wireless network, but by low-tech snail mall. 02 Germany, the German division of British-based mobile phone group mmo2, plans to launch a
      Reuters  -  130 words
    • 649 16  -  It also plans to work with Sing Tel and Ml on verification programme By. Amit Roy Choudhury INTEL, which introduced its Intel Centrino mobile technology worldwide yesterday, is working with StarHub in a verification programme for hot spots set up by
      AFP  -  649 words
    • 382 16 Emphasis on money-savers rather than cool innovations AP [HANOVER, Germany] Thinned out and subdued, the world's biggest technology fair reflected the industry mood on Tuesday as mobile phone operators unveiled cautious plans to phase in next-generation service and hardware makers pushed gadgets aimed
      AP  -  382 words
  • 5291 15 Transaction date: Mar 12 for live prices, log on to umw/isiaonemarketsjoom S2-M Laat Vol Day LaWQeeM MM* Ota CfVM Net MOb U» Cl—.»» S*t W- mm f» B—r Mtar Cw W W ABNAmroNIG 56c 9 12 14 1344 20-5 1 ACE Dynamics20c 11.5 unch 12 11.5 11.5 115
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  • 66 15 U* UM M Day 111 Q—X SrD* Mr CflW M HQ* L— Cii»i M» w- (WW L— mrnm o» m sJ ***** Dumondi USSTSOcd 5000 2700 IS Oi US Ted) US3740 SSS SSS IS MSG Spore U5S55 UNO mo ISS*«00 WS«270wJ ***** tfso SPDfS US8280cd IKK 1230 STtfTT
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  • 1426 15 5248k 1M «W Day MDMk SrOtr Okr CrVW M 1Kb la» Cimfmf S* W- f—> I— 8— Oa W id 22 75 AMHWgiSc 95 -1 15 95 95 9 9.5 113 245 IS APCMSc 17 +05 10 17 17 165 17 27 U 7j U HJ 58 W
    1,426 words
  • 297 15 sum lot m Day 1MQM firm mm mem mm u» cmmm, H. w- W K [■■wM. o» %WK<a 115 r AVJcmngiA2Sc A101 *.5 100 40 14 IS SS 2174 CjthayPac20c MK720 U 74 *****2 Cheung KongSOc HK17I0 240 63 6.7 3 40H65 55 45 City* MuttonjU HM5 2
    297 words

  • Page 16 Advertisements
    • 250 16 M vy JB vu J n JI II 1 11 EARN A B I I II National Science and Technology Awards II I II I The search is on for individuals and teams deserving of the I I I IH nation's highest honour in science and technology. The Agency II
      250 words

  • SHIPPING TIMES
    • 261 17 Reuters THE Baltic Dry Index rose 9 points to 1766, the Baltic Capesize Index fell 1 point to 2429, the Baltic Panamax Index rose 19 points to 1699 and the Baltic Handymax Index rose 62 points to *****. Ever Mighty (built 1996) ***** dwt delivery Matsuura 16/17 trip
      Reuters  -  261 words
    • 246 17 sex 000 ■eo n y CWT Mstrtbutlon—060 0.02 17 Cosco fewwstinont 0.19 unch 0 FratahtUnta 0.03 undl 7 OBHoWoot 049 unch 0 JayaHoMnqs 0.2® -OOI 240 KappaiCarp 4.14 008 2515 K1 Vantur* 0.14 OOI 162 KappalTata 0.78 0.02 76 Labroy Marin* 0-22 unch 0 MataMcfc 0.38 -OOI 28
      246 words
    • 864 17  -  Most lines expect business to cany on as usual By Donald Urquhart [SINGAPORE] While war jitters have gripped much of the world, shipping companies trading in the Persian Gulf say it will be mostly business as usual regardless of whether war
      864 words
    • 569 17  -  Its completion by year-end will mean faster connections to rest of Australia By Beth Jinks [SINGAPORE] The new Port of Darwin is "on-track" to take a slice of Australia's Asian trade volumes through faster connections as a long-awaited rail link
      569 words
    • 199 17 [SINGAPORE] China is going to charge a Chinese seaman with murder for allegedly killing his ship's captain and dumping his body overboard in the Malacca Straits. The master, Canadian national Ma Sai Chung, 53, was believed to have been attacked in
      199 words
    • 213 17  -  By Beth Jinks [SINGAPORE] Neptune Orient Lines (NOL) container arm APL has added two Chinese ports to its expanded capacity Mexico Asia Express (MAX) service. From today, MAX will call Shanghai and Chiwan, and deploy six larger 4,050TEU (twenty-foot equivalent unit) vessels on
      213 words
    • SHIPPING news
      • 542 18  -  Orders for 2003 may hit all-time high of over 11m cgt By. P T Bangsberg WITH its No 5 shipyard reporting a substantial order for container ships, South Korea's shipbuilding industry is forecasting a record haul this year, cementing the country's place as the
        FILE PHOTO  -  542 words
      • 194 18 Bloomberg [HONG KONG] The Kwai Chung container terminals, which handle two-thirds of sea cargo in the world's busiest port of Hong Kong, handled 8.7 per cent more containers in February than a year ago. The terminals processed about 790,000 standard 20foot containers last
        Bloomberg  -  194 words
      • PORTShots
        • 131 18 Xinhua [GUANGZHOU] A new navigation channel which handles 100,000-ton vessels has been launched at Zhanjiang, a port city in South China's Guangdong province. The port is a major gateway for imports and exports in the vast regions of south China, and considered the shortest route to
          Xinhua  -  131 words
        • 124 18 Xinhua [TLANJIN] Tianjin port in north China began building a container logistics centre at the cost of 6.8 billion yuan (Ssl.4 billion). Yu Rumin, head of the Tianjin Harbour Office said that the centre, to be completed by 2010, will handle modern container logistics services like
          Xinhua  -  124 words
        • 58 18 Bloomberg [MANILA] International Container Terminal Services Inc (ICTSI), the Philippines' largest non-state port operator, posted a per cent decline in profit last year. Net income rose to 3.04 billion peso 6 (S|96 million) from 3.21 billion pesoe in 2001. Sales rose by a quarter to
          Bloomberg  -  58 words
    • 114 18 PAGE BSA 6 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 Cougar 5 CWT Globelink ...6 Delmas 4 Doognama 3 ECL 3 FoongSun 5 Fujitrans 4 Gemartrarts 4 Goodway 2 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien Hung
      114 words
    • 8756 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vrud Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SjN Dest'n Name Name Number Number S4N DesTn Name Name Number Number 26/03 NAM MOL APL ENGLAND ITTE 65******16 To ABIDJAN (ABJ) 2003 Cot* O'lvoire 02/04 25/04 MOL APL CANADA ICE 65*******6 24/03 14/04
      8,756 words
    • SHIPS IN PORT
      • 616 25 Vend Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL APOLLO SATU 6 J4/5 A/SIDE 13/03 1100 MANHAI V004 J17 A/SIDE 13/03 0800 MAWATANGNGE FV310 J16 A/SIDE 13/03 0500 UNIAN 0304 J9 A/SIDE 13/03 0600 VEGA AQUA 2 J11 A/SIDE 13/03 2359 WINSTAR 7 11S03 12 A/SIDE 13/03 0630
        616 words
      • 1759 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Ve»<4 Out hi Bth Berthing Un- Berth Name Voy Voy teq berthing Nmbf ACX ULAC 0505 0505 1 16Q***** 1500 *****003-0300 ACX MARGUERJ 015N 015N 1 *****00H5.00 jjgfljgjM| ALSAIAMA C225E C22SE 1 16*33/*****4:00 IjgjjQBjfMMB ALAMJAYA 2 8837 8837 1 *****003-0700 **********00 ANA 104
        1,759 words
      • 142 25 Mar 14 Brunei: Maulud Mar 15 Belarus: Constitution Day Hungary: Anni of 1848 Revo MwM Thailand: Makha Bucha Day MM-17 US: President's Day Ireland: St Patrick's Day U.K: St Patrick's Day Mar 19 Malta: Feast of St Joseph MM-21 Japan: Vernal Equinox Day MM 25 Cyprus: Independence Day
        142 words
      • 753 25 THIS report, compiled by Cockett Ma line Oil Ltd. shows prior ranges in US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indi cated The Cockett Bunker Price Index change and
        753 words
      • 317 25 rjftoa *0 Ms 990.7 05 04 0.07 46 0.03 M.4 [Wty ItoUf BmMm -i Tif Ho *o»* E2S 0 0 0 0 0 0 ==2 J80 Ave 904J 02 M.1 0.05 21 0.02 300 Ma 990.7 0.9 *J 0.08 64 0.05 WW) %ift %n/u w wmrn*
        317 words
    • AIR & LAND transport
      • 816 26 Former crew say airline allowed pilots to fly aircraft while severely ill AFP [TOKYO] Asia's largest carrier Japan Airlines (JAL) is facing a multi-million dollar lawsuit over allegations it broke aviation safety rules by allowing pilots to fly while sick. The flagship
        AFP; AFT  -  816 words
      • 268 26  -  Aircraft tail struck runway on takeoff, no injuries reported By\ Beth Jinks [SINGAPORE] A Singapore Airlines (SIA) plane made an emergency landing at a New Zealand airport yesterday morning after its tail struck the runway at takeoff. The Boeing 747-400 aircraft, carrying 368
        268 words
      • 162 26 Reuters [WASHINGTON] US airlines could slash 70,000 jobs and lose up to US$4 billion a quarter if there is war with Iraq and the government does not give the industry more help, the biggest domestic carriers said. The Air Transport Association,
        Reuters  -  162 words
      • 151 26 AP [ROME] Italy's flagship airline Alitalia said it will raise the price of its flights starting this weekend to compensate for the higher costs it faces due to an increase in oil prices. The airline said domestic fares will increase as of
        AP  -  151 words
      • 153 26 Bloomberg [SEOUL] Korean Air, the country's largest carrier, will resume weekly flights between South Korea's Incheon International Airport and Amsterdam because it anticipates higher demand. Korean Air will offer one weekly flight to Amsterdam starting today and increase the frequency to three a
        Bloomberg  -  153 words
      • 1820 26 Cm FUOKT HA fUOHT til S025 OTOO IATJ05 2255 mmi mm mm urm no 6*973 two on 2255 OfOl 840 «V 2750 IH97M IMS LM9763 2X0 a, SO)25 IMS U»97M 2)50 1 LK77B *50 S026 2 JSC 0«5 (MM 0130 U457I 1650 W779 2359 «UI7 B3S
        1,820 words
      • 170 26 Bloomberg [LONDON] Now, a new UK low-cost airline, plans to start flights from TBI pic's London Luton Airport in the third quarter of the year to tap into demand from budget-conscious travellers. The airline will begin operating with two 148-seat Boeing Co 737-300 aircraft
        Bloomberg; AP  -  170 words
      • 218 26 They may replace normal passport controls if successful AFP [FRANKFURT] One of continental Europe's busiest transport hubs, Frankfurt airport, will start identity checks based on scanning the iris of a passenger's eye, an official said. The iris scan checks will be run on
        AFP  -  218 words
  • Page 17 Advertisements
    • 18 17 S Korean shipyards forecast record year Page 2 JAL faces USs7m lawsuit for alleged safety breaches Back Page
      18 words
    • 367 17 PEOPLE ONLINE and traditional fuel broker and marketplace OcaanConnect has announced that Robert KKurs. president of Kaytfone Shipping, has been elected to OceanCormecfs board of directors. Steve Harmarv chairman of the board and chief eaeaftive of She! Marine Product* seid: "Wee*proud to have Robert K Kurz, prasldant of Kaysione Shipping,
      367 words

  • Page 18 Advertisements
    • 414 18 NORTH AMERICA QULF/INDIA SUB-CONTINENT ISUPER SHUTTLE EXPRESS (SSX) 1 |Ol*f MIMCHI "to* wT |3 w1 1 m I 5 g OOQ OUJFOtMA 4IWOO 24/02 14/03 iITW COOT MUU OK 04/03 00/03 10/03 11/03 OOQ MTWXIANDS 43W00 00/03 U/03 25/03 PtO NBUOYO MMMAM OK 12/03 13/03 14/03 23/03 OOQltmi gg »>i3
      414 words
    • 57 18 WORLDGATE EXPRESS UNES PTE LTD 7x\ 180, CmcU Kml, #IM3/D4, Bank BuMhg, S*por» ***** xW x Tel: *****911 Fax: *****073******863 Email: wgateOmbox2^ingneLcom^g WEBSITE: hftp://www worldgate com sg >y.. Calcutta)r Chlttagong COLOMBO 117/03 1 Karachi PORT LOUIS ia/03| UN9K. CHrTTAOONO/DHAKA 17/03 3drBS KARACHI/LAHORE 21/03 BOMBAY 18/03 VffV 'madras/bangalore* 10/03 Colombo* \P
      57 words
    • 640 18 lints mrmm npmmtad by AjSKa Ma4an of Ragirtry of nVSV# Accredited Shipping Agants, Snggpore Shipping Assoortion Mambars of lha Singapore logistics Association ULY UNE MALE M«Ssa VOT ETA ftt EU P.KLAN6 gflg MU Empress Lily 0203 17/03 15/03 24/03 Mold Courier 737 A 23/03 25/03 03/04 Prince* lily 0303 03/04
      640 words

  • Page 19 Advertisements
    • 785 19 I TO USA (SAX SBVKE) vissa voy smeta ua om mi hoii cm cot mm ail nyc API HOLLAND 11« lf/03 03/04 >7/04 M/M 00/ M 00/ M 00/ M 00/ M 11/N 11 /M API ENGLAND 1171 20/03 10/04 14/04 IS/04 15/04 IS/04 IS/04 IS/04 U/04 U/04 An CANADA
      785 words
    • 877 19 F-s COLOMBO 4 DAYS MMMMiWIim MB/MK TB. *4705(57/43HUL *7*5331/741 tWTMSjjPWWtmIIP ggyag, sstlff SSS SSSS I BANDAR ABBAS 12DAYS dnilTinillUl T/M»w MMSRS tnuii/M I jONorsoma: awvanrnui mnmm t7M77M I <?. COSTMMBK3B(■)«■— W:l73i»lM INTRODUONCj APPITIONAL SERVICE TO REP SEA EVERY TUESDAY THURSDAY WILL BE TWICE CALLINGS TO JEPPAH, SAUPIA ARABIA FIXED WEEKLY
      877 words
    • 562 19 V^TTmTTIVTTTTfTTTTTTm josa «sa w»[afTa6 jp GAKttWUM W74 «/3 25/3 27/3 ftMCAIAIISMIU 3S? I IS/3 I »/3 HWISAIHUM Wt3 »/3 hfc7T"?773 i? 4 3?4 W OUMAtHUM M lg/3 I K/3 V 3 I Aim mm I wt3 la/3 lifl IV< 1 «/< ha/41) 2/4 llommtwn an I w/3 i 1/4 2/4
      562 words

  • Page 20 Advertisements
    • 732 20 HMHf= HYUNDAI MERCHANT MARINE CO., LTD. r ■—"i— 0M**********00H [55 vov ill sm im m Mir nmi av |[vtssa votlsoml ib*| cm I mi I mam I wv i jm ntnhms mjw i»7w ii/M m/m m/m m/m wiman. mh m/oi m/ii m/m m/ii is/m inmum ioiw n/n */w ii/m m/m
      732 words
    • 463 20 WAN HAI LINES Y Tib *****588 FAX: *****163 INTRODUCINC:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN EVERY THURSDAY COMMENCING 20 MAR 2003 TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* THURSDAY CALL COMMENCING 20 MAR 2003 For more dmtmll*, call HOTLINE: *****580/1800-*****00 MIIHWg ASUEXPMSS IMA SUB
      463 words
    • 576 20 m s}(3iiQ&* WEEKLY EXPRESS SAMJHGSCHBXJIf ALSO ACCEPTIM6 TO ALL RQBTHEBR ARO WESTBM ICO PORTO visa ww m mam Colombo rimm cm—o mrmb ms nmt mum iiwi ?imi mum WMIMB lIW 17 MM HUM ZIMt MM! It H iisixsm soiw am mum ami nm mm iwhmb mum 3i mi nm mm
      576 words

  • Page 21 Advertisements
    • 930 21 Ivissa voy khh hk6 isx |m dx» »a» ptm s* MANIBMAN PCL 302 1T703 T1703 15/03 16/03 13/03 24/03 31/03 01/04 M.V. UNDAVU PCL 303 IS/03 19/03 21/03 23/03 30/03 31/03 00/04 10/04 ■AN KEftMAN PCL 304 25/03 26/03 29/03 30/03 07/04 00/04 15/04 17/04 KAN ISFAHAN PCI 305 01/04
      930 words
    • 446 21 i k UK CONTINENT SERVICE Loacfcngtor ORIGINATOR RDM/ATW/BMN/UK/NAN OCEAN ISLAND RDM/ATW/BMN/UK/NAN Loadg S>ng4pore. EVW MMya. InctoneM MIDDLE-EAST SERVICE Loading for ATHINA D6UABU/DOH/BRN/DMM/KWT ASEAN GLORY ADN/HDO/JDH/AQA V IPIROS HELLAS DBI/ABU/DOH/BRN/DMM/KWT •Load. Snwore, E7W Matey-Ma. tndoneM USA SERVICE Loading tor PAPAYIANMS VCW/LAX/M2L YOU SHENG CAM/NFK/SAV/NOi•Load» E7W. Matayaia. Udonewa F.E./S.E.A. SERVICES Spore Loadng
      446 words
    • 658 21 JB» si m m ma m m m am urn mm an im humm mm urn u/w jtumm sm iz/ia it/u mm is/m u/m -»uau na wn nm JMJtrn wS u/M 17/ M rxwwMi nil u/n */n jKum MM ii/H hkimm tWTv 11/w »/o fx; IMj* WW M/ 91 21/91
      658 words

  • Page 22 Advertisements
    • 182 22 pVal \Vmr ttm [trip —1 |Pd>—>|Kw|Hm| Wosh.noton Senator 995E 13/03 20/03 26/03 27/03 Washington SenotoT 995E 13/03 21/03 02/04 Washington Senator" 995E ***** 25/03" 03/04 04/04 ***** Washington Senator 995E 13/03 20/03 29/03 30/03 01/04 03/04 05/04 AlSatJia "*****" .Mr C226E** ***** ~037q4 W To7oT lAsir 1C226E"! 22/031 15/04 I
      182 words
    • 96 22 CWT GLOBEUNK PTE LTD J OWN OfflCtS IN: TEL:*****833 (36 LIMES) FAX:6225M742 SYDNEYMtLBOUHNI FfNANGfOKT KCLANG PASIM GUDANG KUCHINGBANGKOK KARACHI BOMBAYM NfW OtLHI-COLOMBO-HO CHI MINN CITY HAIPHONG HANOI BRtMCN HAMBURG TIANJIN QINGDAO SHANGHAI-XIAMEN fUZHOU DALIAN XIAN BEIJINGSHI JIA ZHUANG DIRECT SAILING TO: ittii m»<xmmmsr MUMBAI (BOMBAY) •WWEWDQHI KOLCATTA (CALCUTTA) KAWCUV CHITTAGONG
      96 words
    • 250 22 BSA x MYANMA FIVE STAR UNE (Mvmmt MotUod Um) U*|f«Y«fM rasa VOT $M NH m w CHMSMWtHAW 54 W SID r*MM V3O4W 5U M KAUrSUL 004ISTUD SMPPtNG AtCNOtS UK: 03-*****300 «L 03-*****101 PW: 04-*****02 BANK LINE (A sirrk« tl Urtw W«ir NOItTHMXJNP TO IUtOPf I V CONTAMBt. ROM, MAX A
      250 words



  • Page 25 Miscellaneous
    • 119 25 WEATHER FOR 7AM 13 Mar 2003 J iL Issued by Meteorological Service Division.NEA LEGEND: K Thunderstom Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds Rain -L- One half fleche represents 5 knots cloudy Day "One full fleche represents 10 knots txi Hazy
      119 words