The Business Times, 26 March 2003
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2003-03-26
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The Business Times
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Title Section15 2003-03-26 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE interne*. iiito://'ousiness-times.asial .com.sg WEDNESDAY, MARCH 26, 200315 words
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458 2003-03-26 1 LATEST US DATA War, higher oil prices, poor jobs market take toll AP Bloomberg Reuters [NEW YORK] US consumer confidence took another hit in March as Americans' anxiety mounted during the run-up to war with Iraq, according to a survey taken before the startAP; Bloomberg; Reuters - 458 words
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Article545 2003-03-26 1 Kalpana Rashiwala - RTI4!miUWJ S'pore retailer's CEO tells what it takes to succeed By Kalpana Rashiwala [SINGAPORE] Singapore may not have one of its best retail chiefs if Peter Husum's father had had his way. "He wanted me to do something else at the time to take over545 words
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Article74 2003-03-26 1 STI 1,311.32 (+11.76) ST INDEX FUTURES 1,303.00 (+3.00) SIMSCI FUTURES 150.30 (+0.50) Tuesday Change KLSECOMP ...629.66 -3.47 NIKKEI 225 8138.76 ***** HANG SEMi 9.***** -46.30 SET INDEX 363.74 -246 JAKARTA COMP ,$9494 -0.15 MANILA COMP 1.022.99 -10.10 TAIPEI WPI 4,498.83 -71.85 SEOULCOMP 554.98 -14.87 SHENZHEN B 194.54 -158 A174 words
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Article72 2003-03-26 1 FOREX RATES us$ s$ I'SS (SS per I'SS) 1.763 £(l'SS/SS per 1.578 2.781 ElROflSS/SS/E) 1.070 1.886 YEN 119.7 67.90 RM 3.800 2.155 HKS 7.799 4424 BAHT 4181 24.28 Rl'PIAH 8518 5.058 RENMINBI K.299 4.707 INDIAN Rl'PEE 47 64 27 02 PRIME RATES SINGAPORE* 5.25 KUALA U'.MPTR 640 HONG KONG72 words
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Article, Illustration847 2003-03-26 1 Wong Wei Kong - Bat White House aid not rnled ont even though industry is not in USs7sb deal By Wong Wei Kong [SlNGAPOßE] What a difference a week makes. Just days after rallying on hopes of a quick war in Iraq, airlineAFP; Source: Bloomberg - 847 words
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336 2003-03-26 1 R Sivanithy - Hotel Properties, Marco Polo and UIC to be replaced By'. R Sivanithy [SINGAPORE] The Straits Times Index will see three new component stocks from April 1 telecom counter Ml, property Firm Allgreen and China favourite People's Food. They will replace336 words
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Advertisement217 2003-03-26 1 ■US stocks open unchanged, Pg 4 Spoils of war, Pg 5 Airlines brace for USflOb of war-related losses, Shipping Times Pg 10 interested in a low interest rate mortgage on |your H overseas property investment? mm US dollar and Sterling Pound lending rates are at forty year lows! L Whether217 words
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460 2003-03-26 2 Elgin Toh - MYSTERY VIRUS MOH says no fatalities from Sars; hotels see rise in room cancellations By Elgin Toh [SINGAPORE) Yesterday was a better day for those involved in the war not the one in the Middle East but the one against Severe460 words
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Article, Illustration820 2003-03-26 2 Kalpana Rashiwala - iTnipnnn R&shiw&la finds out why Robinson has succeeded when other retailers have failed Kalpana Rashiwala IT may seem obvious, but when Robinson chief executive and managing director Peter Hus urn says the "people factor" is the single most important reason behind the retailer's success,ARTHUR LEE - 820 words
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Article34 2003-03-26 2 IN yesterday's report "Insead offers the Dior of MBAs", we said that the executive MBA course at the French international business school costs $82,000. Insead has clarified that the programme costs 85,000 euros.34 words
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ON THE grapevine
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Article139 2003-03-26 2 WITH the corporate reporting season in full swing, PR firms have been working hard for weeks to persuade reporters and analysts to attend the results briefings of businesses they represent. But of late. Grapevine hears that the threat of severe acute respiratory syndrome (Sars)139 words
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Article63 2003-03-26 2 STILL on Sars. Another BT journalist made an appointment to see her long-time dentist here. His receptionist asked over the phone whether the journalist had returned from Hong Kong. "Yes, long ago," said the journalist, thinking the receptionist was referring to her HK posting. But the receptionist persisted63 words
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Advertisement1479 2003-03-26 2 rt s SINGAPORE ACCOUNTANCY ACADEMY TRAINING ARM OF THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SINGAPORE presents Financial Modeling Spreadsheet Skills A clear and concise step-by-step workshop on how to build a financial model. With heavy emphasis on hands-on modeling techniques, computers will be provided to each participant, and personalized1,479 words
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Advertisement19 2003-03-26 2 Bering fears and denies Sars outbreak, Pg 13 HK retail, tourism badly hit as fears spread globally, Pg 1319 words
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Advertisement139 2003-03-26 3 When beauty and technology meet, a revolution is inevitable. Voted Best Buy by Japan's HiVi, Dec 2002. Best Plasma TV of the Year 2003 by UK's What TV Video Magazine. What's behind it. ~->- ■imhbbbßß^HHS I H i I In I I 3 One cable is all l a you139 words
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WAR IN IRAQ
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Article, Illustration799 2003-03-26 4 Gold trades US$3 an oonce higher and bond prices climb as investors seek safe havens Bloomberg Reuters AP [NEW YORK] US stocks opened near the unchanged mark yesterday with Wall Street awaiting fresh news on the Iraq war afterBloomberg; Reuters; AP - 799 words
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362 2003-03-26 4 Reuters [SAN ANTONIO] The United States' drive to increase its energy independence could backfire by hurting the US economy and creating political instability in countries which depend on oil export revenues, a top Saudi Arabian oil official said on Monday. "Such a directionReuters - 362 words
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Article, Illustration967 2003-03-26 4 Fears of chemical arms attack now a top worry AP AFP Reuters [NEAR KARBALA, Iraq] It's down to a thin red line. A decisive battle is looming, with Allied forces about to take on Saddam Hussein's crack Republican Guard massed in the so-calledAP; AFP; Reuters; REUTERS - 967 words
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285 2003-03-26 4 Bloomberg [DUBLIN] Investors betting on the end of Saddam Hussein's reign now expect him to remain in power through at least the end of this month, according to trading of futures on the Iraqi leader on Trade Sports Exchange Ltd. Bettors can buyBloomberg - 285 words
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470 2003-03-26 4 Anthony Rowley - It fails to deliver much hoped for radical measures From Anthony Rowley in Tokyo AN emergency meeting yesterday of the Bank of Japan's Policy Board brought a pledge to support the Japanese financial system through the Iraq war and the critical period470 words
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WARBriefs
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Article76 2003-03-26 4 NYT [WASHINGTON] The US Government has resumed 24-hour air patrols over New York City after law enforcement and intelligence agencies warned that the city was in special danger from terrorists during the war with Iraq, senior government officials said on Monday. The patrols, byNYT - 76 words
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Article58 2003-03-26 4 Bloomberg [WASHINGTON] President George W Bush will meet UK Prime Minister Tony Blair tonight at the Camp David presidential retreat to discuss the war in Iraq, a Bush administration official said. Mr Blair will spend the night at Camp David, and the two leaders willBloomberg - 58 words
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78 2003-03-26 4 AFP [WASHINGTON] Hacker attacks have spiked in response to the US military action against Iraq, disrupting many websites operated by businesses, government and the military, a US Government report said. The report by State Department analysts, and distributed to multinational companies, said: "These digitalAFP - 78 words
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Article98 2003-03-26 4 Reuters [WASHINGTON] A mysterious Iraqi who calls himself Salam Pax, writing a Web log from the heart of Baghdad, has developed a large Internet following with his wry accounts of daily life in a city under US bombardment. Salam Pax, a pseudonym crafted fromReuters - 98 words
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76 2003-03-26 4 LAT/WP [WASHINGTON] President George W Bush on Monday appealed to Russian President Vladimir Putin to investigate three Russian companies for allegedly providing illegal weaponry and technical military assistance to Iraq that US officials said could seriously affect the war. The Bush administration said MrLAT/WP - 76 words
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Article66 2003-03-26 4 Reuters [NEW YORK] Despite UN Secretary-General Kofi Annan's call for a quick resumption of humanitarian aid to Iraq, the politics of war stymied Security Council envoys in revamping the UN oil-for-food programme. Discussions among envoys was scheduled to resume yesterday after hours of talks overReuters - 66 words
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50 2003-03-26 4 AP [NEW YORK] Iraq's UN Ambassador Mohammed A 1 Douri says Arab nations want an emergency Security Council meeting and vote on a resolution demanding the immediate withdrawal of the US-led invasion force, even though they anticipate vetoes by the US and Britain. —APAP - 50 words
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WAR IN IRAQ
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Article, Illustration620 2003-03-26 5 UN role nnclear in anticipated civilian administration under command of the military NYT [WASHINGTON] The United States is preparing to establish immediate sole control of post-war Iraq, initially without recourse to the United Nations, with a civilian administration under the direct commandNYT; REUTERS - 620 words
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179 2003-03-26 5 Reuters [WASHINGTON] US President George W Bush asked lawmakers on Monday for US$75 billion in emergency funding to pay for the military campaign in Iraq and to reward key allies supporting the war effort, officials said. Mr Bush is counting on the Republican-led CongressReuters - 179 words
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205 2003-03-26 5 Reuters [SEOUL] South Korea will send a delegation to the Middle East in May to help companies win orders for construction projects after the US-led war against Iraq, the commerce ministry said yesterday. "A high-level delegation of government and privatesector officials will be dispatchedReuters - 205 words
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353 2003-03-26 5 US will be one of the worst affected nations travel industry group AFP {LISBON] The travel and tourism industry will be the first sector of the economy to be hurt by a drawn-out war with Iraq, the vice-chairman of the World TravelAFP - 353 words
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Article, Illustration287 2003-03-26 5 SPOILS OFWAR Seven oil wells burning yesterday at Rnmaila Bloomberg [HOUSTON! Halliburton Co's engineering and construction unit won a contract from the US Army Corps of Engineers to extinguish Iraqi oil well fires and repair damaged wells. The unit's initial task willBloomberg; REUTERS - 287 words
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251 2003-03-26 5 AFP [WASHINGTON] The United States on Monday awarded a US$4.B million contract to manage the Iraqi port of Umm Qasr. recently seized and tenuously-held by invading US and British troops. The US Agency for International Development said the contract, the second to beAFP - 251 words
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Page 5 Advertisements
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Advertisement8 2003-03-26 5 Mkr- it HHL 10, COM ANDANTE DEL TSfIPO.8 words
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SINGAPORE companies
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Article, Illustration434 2003-03-26 6 Wong Wei Kong - Strong gains in China help it swing to $37m profit By Wong Wei Kong BETTING on China has paid off handsomely for Hong Leong Asia (HLA), with its China units contributing strongly to a turnaround last year. HLA swung to a434 words
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141 2003-03-26 6 Bloomberg YEO Hiap Seng Ltd, a Singapore soft drinks maker with property interests, said losses narrowed in 2002 from the year ago after it combined the earnings of its Malaysian unit. Yeo Hiap Seng made a loss of $2.9 million for the yearBloomberg - 141 words
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COMPANYBriefs
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Article47 2003-03-26 6 IRE Corporation's losses have widened to $19.7 million for the year ended Dec 31,2002, up from $8.3 million in the previous year. Turnover plunged 27 per cent to Sslss million mainly due to the decline in the construction, building maintenance, and upgrading activities.47 words
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Article57 2003-03-26 6 CITY AXIS Holdings has reported net earnings of $970,000 for the year ended Dec 31,2002, down from 552.38 million previously. Turnover rose 39 per cent to $51.36 million. Staff cost more than doubled to $5 million as the number of employee numbers rose from 77 to 325,57 words
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Article98 2003-03-26 6 OCBC Bank said subsidiary iPropertyNet Pte Ltd has completed the sale or its entire 100 per cent stake in the share capital or IP Technology Solutions Pte Ltd to Rocky Chla Boon Khong for a nominal consideration of $1. The sale is port of iProp's98 words
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Article52 2003-03-26 6 DESPITE lower turnover. Progen Holdings reported improved earnings last year, rising 192 percent to $822,000. thanks to improved project management, tighter cost control and a reduct ion in material costs and general expenses. The directors expect the group to remain profitable in the current52 words
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Article, Illustration71 2003-03-26 6 BANKER Wee Cho Yaw continues to boost his interest in United Overseas Land, buying another 442,000 shares in the property arm of the United Overseas Bank. The family which controls the bank raised their stake in the associated company, paying $1.70 apiece on71 words
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51 2003-03-26 6 SESDAQ-l isted TR Networks Limited, a seller and distributor of beauty and healthcare products in Malaysia, has posted a 31 per cent fall in interim net profit to $593,000. Net turnover for the six months to Dec 31,2002, fell 7 per cent to $2.0851 words
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599 2003-03-26 6 r sivanithy - HOCKlffffgffl r sivanithy THREE things spring to mind when looking at the latest changes to the Straits Times Index that were announced yesterday. The first is a subtle but significant message that the thinking behind the STl's composition today has shifted away599 words
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244 2003-03-26 6 David Boey - By David Boey FULL-YEAR losses have jumped by almost a third to $3.92 million for Oculus Ltd, but second-half results show the contact lens maker has not lost sight of its goal to trim operating losses. For the year ended Dec 31, 2002, turnover dropped244 words
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386 2003-03-26 7 David Boey - Aim is to make Trek's portable ThnmbDrives the fastest in its class By David Boey TOGETHER with Japan's NEC Electronics Corp, Trek 2000 International is developing a new computer chip that may give Trek's tiny storage drives the fastest data transfer386 words
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220 2003-03-26 7 Amit Roy Choudhury - Byi Amit Roy Choudhury WITH net profits more than trebling in the first half to $2.8 million, mainboard-listed printed circuit board (PCB) maker Pentex-Schweizer Circuits is cautiously upbeat that the group will remain profitable for the year. Pentex's turnover for the six months220 words
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249 2003-03-26 7 Vince Chong - By' Vince Chong IN a rare move among manufacturing companies on the local bourse, Sesdaqlisted HG Metal yesterday released a detailed corporate governance statement revealing, among other things, its customer credit exposure system. The steel manufacturer said it has established a249 words
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Advertisement501 2003-03-26 6 Seminar on Proposed Changes to lAS 32 and lAS 39 International Accounting Standard (lAS) 32 Financial Instruments: Disclosure and Presentation, (Singapore equivalent Financial Reporting Standard or FRS 32) has been effective in Singapore since 1 October 2000. The Institute of Certified Public Accounting of Singapore (ICPAS) recommended the adoption of501 words
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Advertisement778 2003-03-26 6 RECOMMENDED VOLUNTARY CONDITIONAL CASH OFFER by UOB ASIA LIMITED (Incorporated in the Republic ot Singapore) for and on behalf of HP HEALTH HOLDINGS PRIVATE LIMITED (Incorporated m the Republic ot Singapore) a wholly-owned subsidiary of HAW PAR CORPORATION LIMITED (Incorporated in the Republic ot Singapore) to acquire all the issued778 words
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Advertisement250 2003-03-26 7 I airfnance.com.sg [T|^ I jj| 1^ Al R FRANCE making the sky the best place on earth Tan Swie Hian Akio Morita was awarded the Chevalier ft created the world's de L'Ordre Nationale du Mer'rte i I rst portable m Wat age 46 1 cassette at age 58 Giacomo Puccini250 words
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SINGAPORE markets
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Article, Illustration318 2003-03-26 8 OTHER SINGAPORE INDICES Mar 25 VALUE CLOSE BTO&OS 290.00 +15.00 ITCADI -*****.00 -46.00 gTHHaylU -*****.00 +29.00 JU-SGE«tfM 350.68 +1.66 SG Equities Etect 120.85 +1.39 SGEoaWMFi* 1123.77 +18.70 SG EqiribM Prop 315.21 +0.78 MSayimipiii 161.37 +1.58 SMSaFrtms 160.30 +0.50 Slocks Volume Ocean Sky 5c 19.376,000 Accord Customer 2.5c 12,955.000 TPVUSlc 11,186,000318 words
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Article, Illustration806 2003-03-26 8 larry wee - A ir»T7T«T?yrf:yyM CURRENCIES larry wee MOVEMENTS in US equities and the greenback were largely dictated by the fast-changing fortunes of war over the past week, particularly after the first air strike on Baghdad last Thursday morning. But the huge swings also helped establish some806 words
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Article, Illustration743 2003-03-26 8 r. sivanithy - BTrwmi STOCKS STl's rise doe to short-covering in 3 or 4 component stocks r. sivanithy TORN between hope that Wall Street will quickly brush off its Monday setback, and fear that Allied forces will suffer more of a pummelling in Iraq, stockmarket traders743 words
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Article3247 2003-03-26 8 UNIT TRUSTS FUNDS om Gtobal Lifestyle Index fd 0.83V Com Global Healtfi Index Fd -.0 798/ AMI ■>-. Com Global Telecom Index Fd 0 3961 eT™£!5, r?T 1 „«■>, Com Global Infotec Index Fd!" 0283/ Com Global Energy Index Fd 0 816/ nIS Com Global TravwIndex Fd 0 626/ VS3,247 words
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Advertisement174 2003-03-26 9 SONY. "*^^WBWSLj BHSpiwLS^* SSgpSJES^^^Hi^^^H \wm& v Hk< *'l^k jJbft New-Generation Memoiy Stick™ Format For Recording Moving lmages...And Much More! Stick PRO™ format is a remarkably advanced IC recording media > and personal networking system providing new levels of digital playback and capture, wfffifclnory Stick PRO™ media and the new generation174 words
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SINGAPORE news
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296 2003-03-26 10 Andrea Tan - Lowest bid of $328,000 from Carrots Consulting By Andrea Tan THE tender for the review of Inland Revenue Authority of Singapore's (IRAS) operations drew 10 bidders. Carrots Consulting put in the lowest bid of $328,000. The three-year-old company bills itself as a boutique296 words
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Article, Illustration368 2003-03-26 10 David Boey - Exhibition space at Aqnarama 2003 almost sold out By David Boey THE world's biggest ornamental fish show, Aquarama, has hooked strong support from the aquarium trade despite economic worries triggered by the war in Iraq. Event organiser CMP Asia Trade Fairs said yesterday almostFILE PHOTO - 368 words
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255 2003-03-26 10 INSURANCE giant AIA. which is at the centre of a controversy over the critical year issue, yesterday maintained that it still intends to meet disgruntled policy-holders after cancelling meetings scheduled for this week. "We are committed to the spirit of our undertaking to Case255 words
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Article440 2003-03-26 10 Kalpana Rashiwala - By Kalpana Rashiwala AVERAGE office rentals have fallen by 4.9 per cent this quarter over the preceding three months. This was steeper than the Q4 2002 drop of 3.6 per cent, says Jones Lang LaSalle. Office rents islandwide have fallen by 35 per cent440 words
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329 2003-03-26 10 Reuters SINGAPORE'S biggest workers' insurance cooperative plans to double the amount of assets placed with external fund managers by 2005 to diversify its portfolio and cut exposure to local markets, its chief executive said. NTUC Income Insurance Coop Ltd has about $10 billion inReuters - 329 words
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Article, Illustration605 2003-03-26 10 Kannan Chaudran - It was a raucous and entertaining evening with the Stones on Monday By Kannan Chaudran THE rebel voice of a generation made themselves heard loud and clear at the Indoor Stadium on Monday night. For two hours, the Rolling Stones, perhaps, re-ignited the rebellious spark605 words
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Article, Illustration1073 2003-03-26 10 Transaction date: Mar 25 PrrERBAMK CROSS RATES AS C$ ftmb Euro HK$ lad Bs BapteO Ym Won H 112$ Pafc »s Ptso SS «a>d Sir ITO Safet Powd USS Australia 0.882 4.959 0.559 4.661 28.467 53.294 0.716 7.466 2.271 1.077 34.541 32.459 1.054 4.795 0J24 20.767 25.583 0.379 0.5981,073 words
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REGIONAL news
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Article, Illustration446 2003-03-26 11 Diana Oon Abdullah - Many broking booses looking at a range of 4-5% growth for 2003 From 3 Diana Oon Abdullah in Kuala Lumpur THE release of the Malaysian central bank's annual report today will not be as much about growth forecasts as it is about theAFP - 446 words
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234 2003-03-26 11 KUALA LUMPUR THE property overhang in Malaysia is under control and the government has no plans to provide any new incentives for the property and real estate sector at the moment, The Star quoted Deputy Finance Minister Chan Kong Choy as saying. Mr Chan234 words
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NOTEBook
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Article55 2003-03-26 11 AFP [JAKARTA] Debris from an Italian-Dutch space satellite may hit Indonesia in April, the Indonesian space agency said yesterday. The National Aeronautics and Space Agency said exposure to toxic substances from the battery and fuel of the BeppoSAX satellite could be fatal. The Italian Space Agency,AFP - 55 words
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Article74 2003-03-26 11 AP [JAKARTA] The Indonesian Bank Restructuring Agency said yesterday that it remains opposed to a proposal by foreign creditors to restructure US$6.7 billion in debt held by Asia Pulp Paper Co. The standoff between the agency which is owed US$l billion by the company andAP - 74 words
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55 2003-03-26 11 Bloomberg [MANILA] The Philippine central bank has fined eight banks for violating foreign-exchange rules and asked two of them to sell their excess dollars, Acting Governor Amando Tetangco said. The banks were not identified. Most had failed to back up their US dollar transactBloomberg - 55 words
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41 2003-03-26 11 Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra told Cabinet ministers yesterday that he is aiming to push the country's gross domestic product to 8 per cent growth in 2004, his spokesman told reporters. ReutersReuters - 41 words
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342 2003-03-26 11 KUALA LUMPUR KL rating agency keeps its RM3OOm bonds on review Bloomberg PERNAS International Holdings Bhd, a Malaysian hotel and plantation group, plans to reduce its RM2.6 billion (551.21 billion) debt by 42 per cent this year by selling assetsBloomberg - 342 words
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404 2003-03-26 13 MYSTERY VIRUS Two people from out of town died in city: health official Reuters [BEIJING] Waiting rooms filled up at Beijing hospitals yesterday as fears of an outbreak of severe acute respiratory syndrome (Sars) grew despite the government remaining secretive about the deadly diseaseReuters - 404 words
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Article, Illustration141 2003-03-26 13 AFP [HONG KONG] Tung Chee-hwa, Hong Kong's chief executive, is in good health and did not undergo any tests for a respiratory disease which has kiUed 10 people here, a spokeswoman for his office said yesterday. "Mr Tung isAFP - 141 words
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263 2003-03-26 13 AFP [HONG KONG] The killer respiratory illness gripping Hong Kong is sowing a climate of fear which is driving away tourists, emptying restaurants and prompting many people to wear protective masks. The virus has so far claimed 10 lives in theAFP - 263 words
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515 2003-03-26 15 HONG KONG Screening responsibility to go to market regulators Reuters CHINA'S securities regulator said yesterday that it is relinquishing its endorsement function over many mainland firms seeking overseas listings, ceding screening responsibility to regulators in the markets, mainly Hong Kong, where the companies hopeReuters - 515 words
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ASIANotes
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68 2003-03-26 15 Reuters [CHICAGO] Huawei Technologies told a court on Monday that Cisco Systems Inc's lawsuit against it for alleged illegal use of Cisco technology will in effect bar the rival Chinese company from the US market. Huawei, China's largest telecommunications equipment maker, asked the courtReuters - 68 words
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92 2003-03-26 15 Reuters [HONG KONG] Consumer confidence in Hong Kong has sagged in the past few months with more people expecting the local economy to deteriorate, according to a survey by the Hong Kong Retail Management Association. More than half of the 1,000 people interviewed betweenReuters - 92 words
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75 2003-03-26 15 Reuters [SHANGHAI] While foreign auto giants flock to set up shop in its home market, Chinese carmaker SAIC-Chery one-fifth owned by top Chinese automaker Shanghai Automotive Industry Corp (SAIC) —is pondering whether to assemble cars in other Asian countries, a senior executive said. SAIC-Chery,Reuters - 75 words
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Article39 2003-03-26 15 AFP [SHANGHAI] Mitsubishi Motors is set to take a stake in severely troubled Beijing Jeep, the joint venture between DaimlerChrysler and Beijing Automotive, after signing a letter of understanding, state press reported yesterday. —AFPAFP - 39 words
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69 2003-03-26 15 Reuters [NEW DELHI] Some 30,000 workers at two of India's largest state-run oil firms, HPCL and BPCL, began a three-day strike yesterday to oppose privatisation, a union official said. The government plans to sell a controlling 34.01 per cent stake in HPCL to aReuters - 69 words
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Article, Illustration282 2003-03-26 15 BEIJING Reuters CHINA is considering curbs on mortgages for luxury home buyers by raising the downpayment threshold and interest rates to rein in risks in the booming property sector, state media and bank officials said yesterday. The central People's Bank of ChinaReuters; REUTERS - 282 words
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Advertisement105 2003-03-26 11 Since 1985 we have been assisting our clients, mainly large companies and local SMEs to grow their business by providing consultancy services on management restructure in areas of business strategy, structure and systems of control. We also specialize in providing outsourcing services on human resource, IT, accounting, banking finance and105 words
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EDITORIAL & opinion
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Article, Illustration771 2003-03-26 12 yang razali kassim - ■if.m.y.'JTnTa OPINION yang razali kassim TRUST the Russians to come up with a paradoxical, but apt description of Gulf War II the dawn of the "BushBrezhnev" doctrine. It refers to President George W Bush's controversial notion of pre-emptive war, currently being771 words
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Article81 2003-03-26 12 The great experiment of legalism of the 20th century has failed.' Miflia»l fllonnm an international law professor. on the US invasion of Iraq without UN approval. 'Here is a fellow whispering in the Secretary of Defence's ear about war policies, and he stands to make money from81 words
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Article569 2003-03-26 12 EDITORIAL WITH American and British forces facing stiffer-than-ex-pected Iraqi resistance, the US-led war on Iraq is straying from the script prepared by military planners. However, barring further serious setbacks, the mostlikely scenario is still a military victory for the US-led forces. But challenging as that may569 words
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Article, Illustration965 2003-03-26 12 William Pesek Jr - In poshing yields even lower, bond traders are betting that Japan's deflation will accelerate in the months ahead By William Pesek Jr Bloomberg BOND yields often tell you everything you need to know about a company. A recent debt sale by Nippon Telegraph Telephone CorpBloomberg; REUTERS - 965 words
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426 2003-03-26 12 Stephen Gillies - MAiLirrm Stephen Gillies Managing Director Downer EDI Limited I REFER to Lee Han Shih's "A little more drama than needed" (BT, March 25). I take exception to the slur on Downer EDl's reputation implied in the article and wish to reinforce to your readers the426 words
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356 2003-03-26 12 Margaret Teo - Margaret Teo Director, Corporate Communications Singapore Tourism Board WE refer to Mr Toh Han Shih's letter, "China visitors richer than HDB folk" (BT, March 19). We thank Mr Toh for his interest in the issue. We would like to clarify that the idea to adapt356 words
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Advertisement98 2003-03-26 12 Fax your letters to 6319-*****r email them to btietterQsph.com.sg or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the right98 words
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Advertisement427 2003-03-26 13 SURVIVING THROUGH CRISES Planning for the Unthinkable. Maintaining control in Crisis. April 4, 2003, 9am spm, Grand Copthome Waterfront Hotel CRISES CAN CAUSE.. Significant business disruptions attracting extensive news media I coverage and resulting public scrutiny, affecting the organisations normal operations and probably having a political, legal, financial, and governmental427 words
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Advertisement70 2003-03-26 14 TOSHIBA Wherever. Whenever. However. «0y I Wherever you want it with I Toshiba's 4™ I you can be anywhere vour business f wants and needs you to be. fl However you want it our award-winning I Tablet PC gives you added versatility. I |f Jf I When it comes to70 words
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Advertisement74 2003-03-26 15 0 E A S FINANCE INVESTMENT www.ideas.singtel.com "/SingTel Isn't timing everything? Get Stock and Unit Trust updates now. Key or use WAP (IDEAS@WORK FINANCE 8 INVESTMENT). Enable your mobile phone with IDEAS now, key CG0EEEE (♦IDEAS). To advertise your jrpc Call toll-free 1800 289 8822 I H 1 9 or74 words
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Advertisement1268 2003-03-26 16 BIL International Limited I > j Continued into Bermuda with limited liability NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of BIL International Limited ("BIL") will be held on 11 April 2003 at Bras Basah Room, Level 4, Raffles City Convention Centre, 2 Stamford1,268 words
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Advertisement630 2003-03-26 16 In Hm Mo«tf of The Componies Act, Cop. 50 And In ihm of EDG€-€.COM PTE LTD (In Voluntary liquidation) MEMBERS' VOLUNTARY WINDING-UP At on Extroordinory General Meeting of iKe members of the obovenomed company duly convened ond held on 31 s* Jonuory 2003 the following resolutions were deemed posted pursuant630 words
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Advertisement377 2003-03-26 16 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of WINSTRONG INTERNATIONAL PTE LTD NOTICE OF CRED4TORS MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50, a meeting of377 words
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Advertisement1500 2003-03-26 16 NOTICE TO CLOSE REGISTER OF LOAN STOCK HOLDERS $22,000,000 PRINCIPAL AMOUNT OF UNSECURED LOAN STOCK Pursuant to the Extraordinary Resolution (as defined in the Trust Deed dated 2 October 1997 constituting the loan stocks) passed by holders of the loan stock on 9 November 2002, the matunty date of the1,500 words
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Advertisement743 2003-03-26 16 ISETAN (SINGAPORE) LIMITED < Incorporated in Iht Republic at Singapore) NOTICE OF BOOKS CLOSURE NOTICE IS HKRKBY GIVKN (hat the Share Transfer Books and Register of Members of the Company will he closed on 06 May 2003 for the purpose of determining Members' entitlements to the dividends to he proposed743 words
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Advertisement574 2003-03-26 16 IN THE MATTE* Of THE COMPANIES AO. CAP. SO AND IN THE MATTER Of MICROALPHA SOLUTIONS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Al the Extraordinary General Meeting and Creditors' Meeting of the company held at 257 Selegie Road *03-285 Selegie Complex Singapore *****0 an 19 March 2003, the following resolution!574 words
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WORLD news
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Article, Illustration580 2003-03-26 17 LONDON Economists say full global impact won't be seen till April Reuters THE full impact of the US-led invasion of Iraq on economic confidence is unlikely to be seen until well into April, even though surveys this week will provide the first inkling on sentiment.Reuters; AFP - 580 words
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200 2003-03-26 17 LAT-WP [LOS ANGELES] Dell Computer Corp launched its first line of computer printers yesterday, presenting a stiff new challenge to market leader Hewlett-Packard Co in the area that generates most of its profit. Dell's new products include the All-in-One, which combines a printer, scannerLAT-WP - 200 words
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WORLDWatch
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Article93 2003-03-26 17 AFP [FRANKFURT] DHL Worldwide Express, a unit of Deutsche Post, will buy the non-airline operations of US express parcel delivery provider Airborne Inc for US$l.O5 billion in cash. The agreed merger will create a stronger third competitor in the US express delivery market, whichAFP - 93 words
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70 2003-03-26 17 Reuters [MELBOURNE] The global oil and gas industry would need to spend US$l trillion by 2010 to meet projected demand, said Steve Cassiani, president of Exxon Mobil Upstream Research Company. Oil demand was expected to rise at 2 per cent and gas demand 3Reuters - 70 words
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84 2003-03-26 17 Bloomberg [LONDON] London Stock Exchange urged the UK to abolish a tax on share trading when the government presents its Budget next month. The LSE said the government should drop stamp duty on transactions that result from the expiration of equity futures andBloomberg - 84 words
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Article82 2003-03-26 17 Reuters [SEATTLE] Microsoft Corp has cracked down on e-mail spam by limiting the number of e-mail users can send from its free MSN Hotmail account. To limit such activity, Microsoft earlier this month initiated a rule that free e-mail users won't be able toReuters - 82 words
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Article67 2003-03-26 17 Reuters [LONDON] Britain's financial regulator yesterday announced its first fine for misleading advertising, slapping DBS Financial Management pic with a £100,000 (*****,030) punishment. The Financial Services Authority said that in 2001 DBS Financial Management had made misleading claims in advertisements about the costs and returnsReuters - 67 words
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84 2003-03-26 17 Reuters [NEW YORK] Harold McGraw, chairman, president and chief executive of publishing giant McGraw-Hill Cos Inc, saw his bonus jump 77 per cent to US$l.2 million last year, according to a report filed with the US Securities and Exchange Commission. The company, whose net incomeReuters - 84 words
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334 2003-03-26 17 NYT [NEW YORK] John L Thorn ton, the ambitious co-presi-dent of Goldman Sachs who had grown restless in his role as heir apparent, surprised Wall Street on Mon day by announcing his retirement to become a professor in China. Mr Thornton described hisNYT - 334 words
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492 2003-03-26 18 WASHINGTON Donaldson lays out his philosophy of corporate governance in 2nd speech as chairman Bloomberg WILLIAM Donaldson, the new SEC chairman who earned US$lB.7 million three years ago as chairman of Aetna Inc, called for corporate boards to reinBloomberg - 492 words
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Article, Illustration322 2003-03-26 18 WASHINGTON He says that he has to forego np to USssom to head the Treasury Reuters RAILROAD operator CSX Corp paid John Snow US$6O.B million when he stepped down as chief executive to become US Treasury Secretary, according to a proxy statement on Monday. MrReuters; REUTERS - 322 words
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309 2003-03-26 18 NEW YORK Bloomberg NYT FIBRE-OPTIC network operator Global Crossing is in talks to obtain as much as US$2OO million in Financing from General Electric Capital and Merrill Lynch as it exits Chapter 11. The financial institutions said in documents filed in the USBloomberg; NYT - 309 words
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491 2003-03-26 20 NEW YORK They clinch 7 of the top 10 spots, with drngmaker Forest Labs at No 1 Reuters HEALTHCARE companies topped Business Week's seventh annual list of top-per-forming companies, the magazine said on Monday. The Business Week 50 ranks every company in the StandardReuters - 491 words
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458 2003-03-26 20 NEW YORK NYT AFTER encountering furious opposition to its nomination of Sanford Weill as a member of its board, the New York Stock Exchange should consider changing how it chooses its directors, one of its directors and a former Securities and ExchangeNYT - 458 words
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Page 17 Advertisements
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Advertisement65 2003-03-26 17 Mm mil m 30 \j M L kL''' r I L ll V Cape Land www.baume-et-mercier.com CHEW CHEONG WATCH CENTRE CORTINA WATCH DELUXE EASTERN WATCH EMOTUS TIME CULTURE GASSAN WATCH T2 (SOUTH) PRECIOUS TIME ROY EASTERN WATCH ROYAL WATCH CENTRE SINCERE FINE WATCHES SINCERE FINE WATCHES DUTY-FREE Tl (WEST) SINCERE65 words
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Article1536 2003-03-26 18 BOOM FUTURES Mar 25 RUBBER Futures (Closinq prices) tSS 1 <S cwtsAfl) Clese Votane Open Mont* Htfti Lot Sett (towns) Interest Apr 03 189.00 May 03 188.50 Jvn 03 186.00 Jul/Sep 03 185.00 R$S 3 (US CMto/kq) Volume Open Montfc Htyi Lot Sett (tomes) Merest Apr 03 106.25 106.251,536 words
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Page 18 Miscellaneous
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Miscellaneous298 2003-03-26 18 CRYPTIC CROSSWORD 1 No cause for rejoicing when standards are this tow (2,4-4) J 9 A stroke of the cat may pro- 10 Successfully concluded bus>- MB ■H THT^ ness in a taciturn manner I I I I I 1 Seize an egg collection (6) 16 Glory in Count Luxem-298 words
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Article4815 2003-03-26 19 Transactuni date: Mar 25 HONG KONG vol wcmnt'i 1.12 unch 112 MS *1- 000 Hong Kong Electric 31 50 070 2518 Hongkong Chinese 061 unch 68 Alpha General 021 uncti 0 Hongkong Chinese Ltd 0.61 unch 68 AnandaWmgOn .001 unch 1140 Hopewell Holdings 6 45 025 1377 Angang4,815 words
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Article2391 2003-03-26 19 Transaction date: Mar 25 KUALA LUMPUR "I v# l FSBM 1.58 unch 0 RM COOO) FW Industries .0.16 unch 0 Gadang .0.85 unch 2 A M Realty 0.70 -0.01 4 Gamma .5.00 -0.10 877 Abrit .0.75 -0.05 56 GanadCorp A74 0.01 5 ACP Industries 284 402 11 9 ene2,391 words
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Article686 2003-03-26 19 Transaction date: Mar 25 fa mt <*m w Qw ck o« j an -oo» iwm«i mj jt» c«Mm i.u vu9 ooc sno OuniomCondJic 0» B£K *4US OUE 355 5J9 OlyOmVh 1*1 ISO «0040 ftrtMyHBc 09 A750 4« OlnUfc OH liw <(IS MRU <« UBB «eOK 0»\ Grp 1J 41686 words
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Article530 2003-03-26 19 BONDS WARRANTS Last V*l Com L>v Gtar t |Jt2 Company Sal* H» COOO) IM» Pric* lag Lafl ASTIW*****1 175 1 16 191 066 15 Acma Ud \MM1116 AS 1 SO 891 1.22 20 Amtek W*****0 S7.S 1 33 6 1.48 27 Armstrong VW***** 05 1 10 75 12-00 14 Bouslead530 words
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Page 19 Advertisements
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Advertisement18 2003-03-26 19 A master of cooking. Or one who just knows his carats. A Get the expert. Call 1800 *****2218 words
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Article5785 2003-03-26 20 Transaction date: Mar 25 52* Last Vol (toy LwtQuott GrOiv Dm GrTW MX MCap Mfrfr law C—pur Ml W- CMI M0i low Mb Cor M M ABNAmroNLG 56c 9 12 34 1388 20.5 9 ACE Dynamtcs20c 12 11 145 0 7 8 1.1 20 118 24.5 9.5 AEMEvertech5,785 words
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Article67 2003-03-26 20 l«« WM Itay Latt Quote GrOw D* GrYW Net MCjb l*» W- fWH Hi# U» >*l Cw HI tmk ***** 89 Diamonds US8780xd 4900 2700 IS DJ liS Tech US3740 5S5 SSS ISMSCI Spore US 555 ***** 8200 IS SAP500 US8270 It MO 8280 SPDRS US8280»d 1805 167 words
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Article1525 2003-03-26 20 "f* List Vol Day LMOok Grow Dw GrYtd Met MCm W» U» Salt W r—> m+ Lmm *r~ Cm M $3 22 7.5 ABRHIdgsSc 95 9 10 183 245 15 APOI 5c MS unch 372 22 20 5 20 5 21 27 2 6 6.6 7.5 II 571,525 words
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Article335 2003-03-26 20 U-Wk 1st Vol Day latQwt* GrtMv On GrYU MM MCaa Wjli 1—t Cfr M» W- r*W> w# l—» tym >**» Cw Eg >■> Hi 81 AVJemngsA2Sc A100 unch 185 100 100 100 101 <0 34 10 58 2152 Cathay Pac 20c MK720 265 2.1 7.4 6 *****2 Cheung335 words
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BT motoring
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Article, Illustration413 2003-03-26 21 Christopher Tan - Denial of approval for change of use at the centre of court battle, reports Christopher Tan Christopher Tan MULTI FRANCHISE motor trader Group Exklusiv and Swiss multinational Diethelm have gone to court over a property deal that has turned sour. Last Friday, representations by bothCHRIS LOH - 413 words
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Article294 2003-03-26 21 Christopher Tan - Parallel importer notifies customers All reports by Christopher Tan IF you had bought a Honda Accord from a parallel importer, avoid getting water into the headlamp compartment. If you do, you risk your car going up in flames. Garage R Automotive, one of the294 words
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Article, Illustration148 2003-03-26 21 PARALLEL importer Leco Motor has retracted a claim that all Toyotas it brings in are looked after by authorised agent Borneo Motors. In a prominent apology printed in The Straits Times over the weekend, Leco said its claim was misleading and that it has undertaken not to148 words
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BUMPER to BUMPER
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Article, Illustration143 2003-03-26 21 TOYOTA Camrys (above) and Honda Accords remain the most popular vehicles among thieves in the US, but mini-vans and sport-utility vehicles are gaining ground as targets, too, AP reported. For the sixth straight year, the Camry was the vehicle car thieves targeted most143 words
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159 2003-03-26 21 MITSUBISHI Motors will invest US$2OO million and add 300 jobs at its US plant to increase its capacity by one quarter in an attempt to boost North American sales. Bloomberg reported that Mitsubishi, 34 per cent owned by DaimlerChrysler Ag, will start work next159 words
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Article82 2003-03-26 21 Christopher Tan - Compiled by Christopher Tan NISSAN has announced plans to expand its Chinese sales network to 300 outlets from its present 100 by fiscal year 2005, Xinhua reported. It has invited six former Japan-based Nissan sales representatives to visit China to share their customer relations, management82 words
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Page 21 Advertisements
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Advertisement44 2003-03-26 21 j rTTWI'I Maximise resources ELmmJI and profits! Find out how FACT, the leading-edge REALTIME Accounting Software can fl help you do just that. ■j And that's a FACT! can 6220 8832* I email info@faclcom.sgm>i j J www.factcom.sg j We empower your business j fl44 words
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Advertisement67 2003-03-26 21 C SSBSSSSSSSSSi >1 jr meaOTWfKT X MMCMI-n'.IM *399 $299 r IDCAI L IHAfID MS JJS .r «i««»- M_ A *189 <fr M i marai M*<W. n«l)Mi» a WIIW'HWilliM,a IWIIJI '1 ■,IJJJJ.IIII!IIHmi 11* (NEXT TO MOM A FUBAMA HOTEL) (ABOVE HDB BKAMCH OFFICE) I NO. 2 HAVE LOCK RD BLK 6167 words
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Advertisement219 2003-03-26 21 For the littit open narkct valve rates of passenger can, go to lrttp^/appJatenMLgov.sg/scripts/lta/3_2_oMV.asp B H 8k pji iJ Ji 9 H *t i2Kj I rr^6^^?l I Owning racehorses in S/nga|^^| I at an affordable price! I Htffl I^^ B Share in the ownership of four racehorses B A for $14,500219 words
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Page 22 Advertisements
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Advertisement242 2003-03-26 22 fl v ■jj II fl I Hi V —V A V H v H ,£=^3 wp J g| ..—j>«« P» I__ I v^fcgn I or protection and investment. You can achieve anything you want with the right balance. on your core needs. INSPIRE is flexible and offers a core investment242 words
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Advertisement161 2003-03-26 22 Ohklik Vh|h (stands Cayman Islands Hongkong Full nominee, management, corporate secretarial, banking and professional administration services are available. We also specialize in offshore trusts, offshore banks, and captive g insurance companies for qualified applicants. j B For further information and immediate service please H contact: Marie Lim or John Ashwood161 words
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EXECUTIVEmoney
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Article, Illustration1235 2003-03-26 22 Jon Robinson - If people apply the research effort used in car-buying to calculating their fund expenses, they would have gained more savings. Jon Robinson explains Jon Robinson WHEN someone sets out to buy a car in Singapore, the usual practice is to learn about the various statisticsSource: Robinson Consulting - 1,235 words
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Article, Illustration756 2003-03-26 23 Genevieve Cua - Bonds may be expensive but they will still yield some capital gains this year, First State Investments head of global fixed interest tells Genevieve Cua Genevieve Cua THERE is still upside for bonds from where they stand today, even though they are expensive, says FirstFILE PHOTO - 756 words
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Article, Illustration987 2003-03-26 23 David Roche - Deflation is likely to weigh down the US market but Europe still offers good value By David Roche INVESTORS seem confused. Will equity markets fall for a fourth year in a row? Or is the bear market finally near its bottom? Will there beREUTERS - 987 words
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Article, Illustration1419 2003-03-26 24 Genevieve Cua - Contrary to what he's taught, individual investor Charles Chan uses market tuning to achieve his target of absolute return. Genevieve Cna finds out more Genevieve Cua CAN you make an absolute return from relative return vehicles like unit trusts? Here's an individual investor who says heARTHUR LEE - 1,419 words
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Article, Illustration1038 2003-03-26 24 THE war has started; markets rose and then fell in the last few days. You may be fretting over your portfolio, or simply sitting on the fence and wondering whether now is a good time to start nibbling. Here's what a number of licensed advisersARTHUR LEE, FILE PHOTOS - 1,038 words
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Page 23 Advertisements
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Advertisement183 2003-03-26 23 Where to wine, dine and entertain... jjjjd r "*"'^'l o y At CoM Vondo, there's more reason to celebrate with great food and discounts! Come to the #s Your Might 3,4,5! Buffet Dinner' and get the best for less! 6.30-10.00pm Adult S1 S.«K~, Child $1 ZOO"* (4-12 years old) Wednesday183 words
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Advertisement147 2003-03-26 23 Can't decide what to have for lunch? Spoil yourself with a bit of everything from our International Buffet Lunch spread from Monday to Sunday. Local favourites include Hainanese Lamb Stew. Local Fried Noodles, Nonya Laksa, Roast Duck. Soya Sauce Chicken and Ice Kachang with choice of Ice Cream. International Buffet147 words
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Advertisement89 2003-03-26 23 Can't Deckle on a Restaurant? No Problem, Cross-Order /%tm all of them, oafcr at Wkfaunbythe&Ay 0 The Esplanade jfjp* »7* A Shlma Ajl T»n Yuan Kitchen Local Bite Thai Express Al Dente Trattoria The Garlic Restaurant .< Embassy Restaurant Bar Entertaihment i < f M Attractive Set Meals Available for89 words
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Advertisement103 2003-03-26 23 ranq mahal kI•I•i i Buffet Lunch, Noon to 2.30pm Dinner 6.30pm to 10.30pm (Closed for lunch on Saturdays) For reservations, caM us at (65) 6333-T7BB or lax (65) 6333-1660 LMI Thre* n» Pan Parrfv SnQtport 7 Rjrtlrs BaJe**o Mm Square Singapore *****5 With FREE Choice of One Coflee/Tea/Sofl Drinks or103 words
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Advertisement180 2003-03-26 23 n THE NEPTUNE COII V R Q. UA t DIANXIN ATTHE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 6224 3203 X&f-' Cahm Ck-r Managed by Mentus Mandarin Singapore 7th Floor, Overseas Union House. Coltyer Quay Singapore *****1 Tel:+6s 6223 4185 I off your total bill! I180 words
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Page 24 Advertisements
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SHIPPING TIMES
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Article283 2003-03-26 25 Reuters THE Baltic Dry Index rose 5 points to 1940, the Baltic Capesize Index rose 11 points to 2662, the Baltic Panamax fndex fell 2 points to 1830 and the Baltic Handymax Index gained 65 points to *****. TIME-CHARTER: Pearl of Abu Dhabi (built 2002) ***** dwt deliveryReuters - 283 words
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Article276 2003-03-26 25 SOX 'OOO Mrli SS Vol CWT Distribution 0.50 -0.09 674 Chuan Hup 0.40 -0.01 316 CH Off short 0.18 unch 40 Coscolnv*stm*nt-_ 0.20 unch 764 Fr*ight Links 0.03 unch 25 GB Holdings 0.56 -0.03 1 Jays Ho'd'ngs 0.29 -0.01 167 K*pp*l Corp 4.26 -0.02 1270 K1V*ntur* 0.14 unch276 words
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Article, Illustration612 2003-03-26 25 Beth Jinks - Indon govt claims company hasn't invested USs2Bm in IT systems at JICT By Beth Jinks [SINGAPORE] Hutchison Port Holdings (HPH) managing director John Meredith has dismissed Indonesian government criticisms that it had failed to meet contract investment requirements in Jakarta as aFILE PHOTO - 612 words
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Article, Illustration446 2003-03-26 25 Reuters [SYDNEY] Australia's big livestock export trade is diverting a ship carrying 60,000 live sheep from some Gulf ports and is also being hit by rising insurance costs as a US-led war against Iraq accelerates, an industry body said. The ship,Reuters - 446 words
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Article, Illustration435 2003-03-26 25 Its 2002 earnings up 42% on contributions from recent acquisitions Reuters [HONG KONG] Singamas Container Holdings Ltd, the world's second-largest shipping container maker, said on Monday that 2002 earnings jumped 42 per cent on contributions from recently acquired businesses andReuters - 435 words
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195 2003-03-26 25 (SINGAPORE] Taiwan's Evergreen Marine Corp has expanded its slot exchange arrangements with Yang Ming and Wan Hai on two more intra-Asia trades. Evergreen and Wan Hai have agreed to share slots on services linking Japan, China and South-east Asia from April 2, on195 words
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Article201 2003-03-26 26 PAGE Avant 8 B'tang Mas 5 BSA 4 BSC 8 BTL 8 Cargoways 8 CMACGM 3 COSCO 3 Chahaya 8 China Shpg 5 Confer 8 Cougar 5 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 8 ECL 3 Eng Lee 8 ESP Lines 4 Foong Sun201 words
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Article, Illustration886 2003-03-26 26 David Hughes - STRAIT TALK -By David Hughes THE war in Iraq is having only a very limited direct effect on international shipping. War risks insurance is "held covered" in the Middle East Gulf area while shipping is, understandably, subject to closer scrutinyFILE PHOTO - 886 words
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SHIPS IN PORT
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Article589 2003-03-26 33 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL AURORA AME V006 J16/17 A/SIDE 25/03 2359 GH RIVER 2 ***** J6 A/SIDE 25/03 1500 LAKETOBA 168 HL001 J24 A/SIDE 25/03 0630 WINSTAR 7 16S03 J2 A/SIDE 25/03 0630 APOLLO 5 3 J4/5 25/03 1500 26/03 0600 ATRIA JB0304589 words
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Article2340 2003-03-26 33 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr A P MOELLER 0304 0304 1 2803/*****200 28/03/2003 1100 AOSAKIMA 015N DISK 1 2903/2003 1500 **********00 ACX VIOLET 054S 054$ 1 *****003 1$00 **********00 AlFARAHICM C227E C227t 1 *****003 11002,340 words
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Article129 2003-03-26 33 Mar 26 Australia: Australia Day Mar 27 Australia: Aust Day Hold Mar 29 Taiwan: Youth Day Mar 31 Malta: Freedom Day Apr S Hong Kong: Ching Ming Fest Korea: Arbor Day Apr 0 Thailand: Chakri Day Apr 13 Thailand: Thai New Year Apr 14 Thailand: Thai New Year129 words
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Article773 2003-03-26 33 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and773 words
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Article524 2003-03-26 33 Carbon 180 Mai 990.2 0.5 14.9 0.07 55 0.03 Mar 13 Density Water Residue AshAlumnum Sediment No above E25 0 0 0 0 0 0 380 Ave 984 7 02 M.5 0.05 19 0.02 baa 380 Mai 991.4 0.9 18.3 0.07 64 0.05 u/tri %in %u/u524 words
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AIR & LAND transport
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Article, Illustration553 2003-03-26 34 Travel demand slumps, oil prices np on concern over protracted war Reuters [LONDON] War jitters continue to hit European airlines with travel demand slumping further and hopes for a quick end to the war in Iraq fading fast. Concern over a protracted warReuters; FILE PHOTO - 553 words
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Article352 2003-03-26 34 It cites drop in demand as a result of Iraq war NYT [NEW YORK] Delta Air Lines said on Monday that it would temporarily cut 12 per cent of its capacity because of low passenger demand caused by the war with Iraq. The cutsNYT - 352 words
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217 2003-03-26 34 Bloomberg [BASEL, Switzerland] Swiss International Air Lines, Switzerland's national carrier, dropped its target to break even in 2003 because of a slump in demand for air travel. It is "impossible" for the Basel, Switzerland-based carrier to make a new forecast for its 2003Bloomberg - 217 words
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265 2003-03-26 34 War, oil prices, fewer passengers reasons behind cnts AP [HELSINKI] Finnair said it will eliminate about 1,200 jobs, or 11 per cent of its workforce, in a bid to improve its profitability. The cuts will take effect through 2005. The Tietotiebased airline saidAP - 265 words
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LOGBook
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Article68 2003-03-26 34 AFP [FRANKFURT] Deutsche Post, the semi-public German postal authority, said yesterday its unit DHL would buy the ground network of US company Airborne Inc for US$l.O5 billion. Airborne's airline operations will be regrouped into a new company, to be called ABX Air, which will beAFP - 68 words
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120 2003-03-26 34 Bloomberg [DUBAI] Emirates, the largest Arab airline, said it signed a US$l6O million bank loan agreement to fund two new Airbus SAS A 330-200 aircraft. The loan, over a 12-year term, has been priced at 80 basis points above the six-month London Interbank Offered Rate,Bloomberg - 120 words
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Article110 2003-03-26 34 Reuters [LONDON] British Airways, Europe's largest airline, said a few parties have shown interest in possibly acquiring its loss-making unit Deutsche BA, after budget carrier easy Jet ditched its plans to buy DBA. But British Airways declined to comment on an unsourced report onReuters - 110 words
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Article, Illustration248 2003-03-26 34 Reuters [MANILA] Philippine President Gloria Macapagal Arroyo gave the chief of Manila's airport a very public dressing-down yesterday over what she saw as lax security. The president, making a surprise inspection three weeks after a bomb killed 22 people outside the airport in theReuters; AFP - 248 words
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252 2003-03-26 34 Flight cancellations, re-routings cited as reasons AFP [BANGKOK] National carrier Thai Airways incurred 185.62 million baht (557.6 million) in extra costs last month due to flight cancellations and re-routings amid fears over the build-up to the war in Iraq, a reportAFP - 252 words
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Article2007 2003-03-26 34 on man et* fumt op iwtm 1545 mhos 2255 •mm urnn mo ***** ws ors 2255 ***** 18S0 LH778 1650 1*9763 2350 SS SS 5034 2145 LMT79 SS 1 0Tt 1825 ****** 2359 tictM UfMIT 1850 IM9U6 2025 J020M 2359 S***** WO SOU* 2025 »>»* N*****2,007 words
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144 2003-03-26 34 Bloomberg [SEOUL] Korean Air Co, the nation's largest carrier, filled fewer seats with paying passengers last month because concerns about the US-led attack on Iraq discouraged people from traveling. Cargo usage was little changed. Korean Air filled 68.2 per cent of its available seats inBloomberg - 144 words
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Page 25 Advertisements
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Advertisement78 2003-03-26 25 STRAIT TALK CJTOCI Of anermatn or war on shipping PAGE 2 •f#', Airlines bract forUSslob of war-related losses ■BACKPAGE I For edvertlsinfl/subecilptionß, call Bernard Ong: *****645, Joe Wong: 6319 2062 HP: 9620 1327 Email. wongwsjCsph.com 9Q For edHortal mtllvi/spodal features Beth Ji*s: 6319 5214, George Joseph: 6319 5772 Dooakj Urquhait78 words
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Page 26 Advertisements
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Advertisement744 2003-03-26 26 1 TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS 1 VBSa VOT |EttSM|U)IIGKAO<|PAUAS HOUSTON |»B»HS|OKACO| WW TOM TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) ooaKTHOUKDS 44(13 77/03 21/03 13/04 17/04 l»/04 11/04 11/04 21/04 VOT IttSM KG HK M —SYD B I OOQOWA 61 El 4 01AM 02/04 11/04 22/04 2S/04744 words
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Advertisement668 2003-03-26 26 Unes 8. servras represented by ,a Members of tfie RegiHry of f** Accredited Shipping Agenb, l<v*c. -n''' y £ping Associdion ULY UNE MALE f nssa vor m iu km A P. KLAWG SfOtf «AU Princess Lily 0303 03/04 05/04 14/04 Mold Star 538 A 13/04 15/04 24/04 Empress lily 0303668 words
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Advertisement1205 2003-03-26 27 TO EUROPE FROM EUROPE vpsa jvor sw cn iw w m>» my iou lbi llwssa Iwm hi im if sou i» m MODKM 11W 27/03 U/04 11/0414/0* AfiHONGKONG 1031 00/03 00/03 04/03 20/03 MOiretßMMNa OOMff 21/0309/0414/04 16/04 11/04 11/04 HTUGMFORUM 31X 01/03 10/03 12/03 00/03 29/03 HYUCMOMt* 343W 31/0312/04 10/041,205 words
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Advertisement1944 2003-03-26 27 DiHiii cm 10 'JMAKMMAMM) 10-12MTS i— AQABA (iOKIAN) 10 DATS GHOUL AfiOTS M SJKAKNK: 00 OOOWSOi OMIJ-00 SAm/MCS IH: MMUS7/4) FAL *****371/741 »«*«im IJitaMß ir fuyc SHIftS!" 1 ITB rsrsz. saw? sss; sssss I 0 T/5Wg *****07S 471t5314/44 I mors oma cowwnoeAi mmsoso tmtm I TWKfSAIUMGS WffICLY COSMWaOBWMI— IH:I7 3SMl**1,944 words
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Advertisement1316 2003-03-26 28 HYUNDAI MERCHANT MARINE CO., LTD. Hhimii: wwmi—iUjm a HO. I2M7HOMW [Wssa vot r'gif"| son la |na ant ham |iv [vcsa voT|SQM|t«|»TMIAHT|NAM|otv TT* HYMGHNBS 347W 10/1) tl/M N/N »/l) JO/83 HY FBtKM Mli 70/01 71/11 14/01 M/OI 15/11 Aft ■ELAND IO7W I J/03 30/03 01/04 03/04 MOl SOLUTION 0101 31/01 01/011,316 words
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Page 33 Miscellaneous
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Miscellaneous127 2003-03-26 33 8 RFfiinNAl J 8 FOR 7AM 26 Mar 2003 *>\ Jo* m lo§ Issued by Meteorological Service Division,NEA LEGEND: I < Thunderstom Wind speed symbols •\j showers Fijll circle w/o line indicates calm or light and variable winds p am One half fleche represents 5 knots Cloudy Day -One full127 words
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