The Business Times, 8 May 2003

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Total Pages: 26
1 26 The Business Times
  • 16 1 MiTA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asia 1 com.sg THURSDAY, MAY 8, 2003
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  • 659 1  -  Deal poised for smooth passage through US Congress Fron Jennifer Lien in Washington SINGAPORE companies could save Ss2oo million in tariffs a year starting next January following a freetrade agreement signed on Tuesday by Prime Minister Goh Chok
    REUTERS  -  659 words
  • 501 1  -  It says the S&rs outbreak has been contained here With additional reporting by Kennet, Kenneth Lim Bloomberg AFP [ATLANTA] In an encouraging development for Singapore's beleaguered hospitality industry, the US Centers for Disease Control and Prevention (CDC) has lifted a March 13 recommendation
    Bloomberg; AFP  -  501 words
  • 269 1  -  By Kalpana Rashiwala [SINGAPORE] Nat Steel president and executive director Ang Kong Hua, best remembered for spearheading an attempted management buyout of the steel products company, cashed in his $2.6 million contractual gratuity last year. This brought his total compensation for the
    269 words
  • 71 1 til 1,307.52 (-8.09) ST INDEX FUTURES 1,2*7.00 (-15.00) SIMSCI FUTURES 160.30 (-0.30) Wednesday Change KLSECOMP ***** *045 NIKKEI 225 &1W77 «262l HAMiSKN(i *.9»i| tt'i 1X1 SET INDEX ***** -0.60 JAKARTA < (IMP 473 13 -952 MANILA COMP .1.***** -til TAIPEI WPI 4175.91 *5546 awionv ***** »iui SHENZHEN B rtosrd
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  • 73 1 FOREX RATES uti s$ ISS (SS prr ISS) 1.742 £(l'SS/SS per 1612 18M ei RO(iss/s$/E). M40 m: YEN 117.6 67 50 RM 3 WO 1181 HKS 7 799 4.476 BAHT 4155 24 42 RIP1AH 8.534 4.898 RENMINBI *299 4 76:1 INDIAN Rl'PEE 4717 27.13 PRIME RATES SINGAPORE* 5i5 U'ALA
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  • 452 1  -  Changes are afoot as retailer plans to refurbish its Orchard Point mall By Kalpana Rashiwala [SINGAPORE] Department store operator OG will vacate its 67,000 sq ft outlet at Great World City in the River Valley area when its lease there
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  • NEXT page
    • 650 2  -  meebb It may set np in 12-18 months; EDB forms task force to iron oat details By Amit Rov Choudhury {SINGAPORE] Singapore's push to entice top foreign education institutes to set up branch campuses here has received a boost, with India's
      650 words
    • ON THE grapevine
      • 69 2 WITH a Budget deficit looming again in Hong Kong this year and millions of extra dollars being spent to battle Sars, the territory's top money man has suggested that the Hong Kong government should consider issuing Sars bonds. If the government issued such bonds, it
        69 words
      • 91 2 A SMILE campaign in a city where every other person is wearing a mask? Sounds crazy, but some people in Hong Kong believe it's the best medicine for Sars. The Smile Hong Kong campaign will send 'smile artists' to schools and day-care centres to paint
        91 words
    • 401 2  -  It may scrap pre-approval for purchase of less than 12% in telcos By] Denesh Divyanathan [SINGAPORE] The local telecommunications industry can expect to see more merger and acquisition activity and interest from foreign operators if the regulator's proposed changes to its guidelines for
      401 words
    • 381 2 INTEREST RATES OX HOLD US wholesale sales rise 1% in March, double Feb rate, while inventories hit record low LAT-WP Bloomberg (WASHINGTON] US Federal Reserve policymakers officially acknowledged on Tuesday that weak growth poses a danger to the US economy, not
      LAT-WP; Bloomberg  -  381 words
    • 410 2 'Singapore views the United States-Singapore Free Trade Agreement as an economic bridge across the Pacific. The US companies in Singapore are vital components of this bridge, which we hope will eventually be part of an interlocking series of suspension bridges linking Asean countries to the
      AP  -  410 words
  • Page 2 Advertisements
    • 216 2 SINGAPORE (fj^ggS ORCHESTRA Al no.org.Sf turf club e iio w Singapore Turf Club and Singapore Symphony Orchestra Jointly Present I*l *%*y AT SINGAPORE SYMPHONY ORCHESTRA I I m Jk /I I UMYAU-CONDUCTOR VlfljjitjTHE Von Supp* Li<f* Cmnlry Overture Karprnnrvip 11/IItC'tUIII \j\j 'err"-*" 0 Parade Ring, Singapore Racecourse (at Kranii) KenmthA»ord
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    • 6 2 Deflatkm worries hit greenback, Pg 6
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  • SARS OUTBREAK
    • 339 3  -  Based in S'pore, it could help prevent another similar epidemic in future From Jennifer Lien in Washington A JOINT US-Singapore facility to study Severe Acute Respiratory Syndrome (Sars) and other infectious diseases will be set up in Singapore in the hope of
      339 words
    • INBrief
      • 104 3 Reuters [BASEL, Switzerland] Roche Holding yesterday said it was on track to have a Sars test ready in June but cautioned it may take at least 18 months for it to be ready for distribution beyond the research community. "We are on track
        Reuters  -  104 words
      • 59 3 AP [PANAMA CITY] Miss Universe organisers said on Tuesday that all contestants —especially those representing countries most affected by Sars—will have to show medical documents certifying they are healthy before they will be allowed to participate in the pageant. Seventy-four women are expected to take
        AP  -  59 words
      • 79 3 Bloomberg [BEIJING] Motorola Inc, the world's second largest cellphone maker, cut its workforce at a factory in northern China because the Sars outbreak kept potential buyers out of shops. Motorola didn't renew the expiring contracts 0f250 workers in the northern port city ofTianjin, said
        Bloomberg; AP  -  79 words
      • 81 3 [KUALA LUMPUR] About 30 thermal imaging scanners will be installed this week at entry points here and in Johor to screen travellers for Sars, The Star reported. Fourteen of the scanners would be installed at the Causeway in Tanjung Puteri, Johor Baru, where about
        81 words
      • 100 3 AFP IWABHINGTONJ The US promised on Tuesday to increase technical assistance to China to help it combat the deadly Sars epidemic that has already claimed the lives of 214 Chinese. Health and Human Services Secretary Tommy Thompson made the pledge in a telephone
        AFP  -  100 words
      • 54 3 AFP [TORONTO] Canada, where 23 people have died of Sars since mid-March, said on Tuesday it has 146 probable Sars cases, two less than on Monday. Canada said of those probable cases only 31 were active, meaning that they were still being treated in hospital
        AFP  -  54 words
      • 56 3 AFP [BUCHAREST] Two people who recently visited China have been hospitalised in Bucharest as probable Sars cases, medical sources said. Two more weeks of tests will be needed before any presence of the Sars virus can be confirmed, Adrian Streinu Cercel, director of Bucharest's
        AFP  -  56 words
    • 277 3 Exports grew 5.6% y-o-y to US$ll Jb Reuters [TAIPEI] Taiwan reported disappointing exports growth in April as demand from Hong Kong, the United States and Southeast Asia weakened, and the finance ministry warned Sars would take a greater toll on trade in May. Exports last
      Reuters  -  277 words
  • Page 3 Advertisements
    • 93 3 COURAGE FUND TO DONATE BY CHEQUE: A crossed cheque made out to' The Courage Fund' should be sent to The Courage Fund, do National Healthcare Group, 6, Commonwealth Lane, Level 6, GMTI Building, Singapore *****7 TO DONATE BY PIMM: From May 1, members of the public can donate to the
      93 words
    • 216 3 China warns of Sars crisis in rural areas, Pg 12 cP THE POSSIBILITIES ARE INFINITE p|Jj (\MmUia suf?wior... Write notes, edit documents, compose send emails. All in your own handwriting. Back to basics. Naturally. Stylistic ST4IIO Powered by Mobile Intel® Pentium® 111 processor -M. The Portfolio Case is a when
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  • Page 4 Advertisements
    • 1148 4 ffISSQ HQ ASA GROUP HOLDINGS LTD (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASA GROUP HOLDINGS LTD ("the Company") will be held at Mandarin Singapore, Suit 833 South Tower, 333 Orchard Road, Singapore *****7 on Monday,
      1,148 words
    • 174 4 Use In: Hgr-' r Hospitals/Clinics -jf'XIVK M Offices/Banks Homes/Schools Airports/Hotels x Air Sterilisers Shops/Child-care Patented UVC Technology Av f Factories/Clean Rm -jJfcflwWr Warehouses Libraries Clubs/Food Courts SSi Restaurants (Legionella Shopping Centres R- (6200 A 6100 A tested in Australia) Theatres/Gyms GERMITRQI Mr Sterilisers :r« .No radiation. No side effects Mass
      174 words
    • 460 4 CdHriUmIMMMBB IN THE MATTER Of THE COMPANIES ACT CAP 50 AND IN THE MATTER OF SINO SHINE FAR EAST (SINGAPORE) PTE LID NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At on extraordinary gtntrd nMhng of ihi members of the obove-nomed Company, duly convened and held
      460 words
  • SINGAPORE companies
    • 454 4  -  At 60 cents a share, Sing Tel is set to raise net proceeds of more than $665 m By Angela Tan SINGAPORE Telecom has shrugged off tough market conditions to collect the maximum price of 60 cents a share five to six cents
      454 words
    • 624 4  -  HOCKlm!I^J ll H angela tan KUDOS to the lead manager who suggested that listing aspirant Singapore Post should woo retail and institutional investors simultaneously before deciding the share price and allocation on the same day. For vendor Singapore Telecommunications, which is selling a 60 per
      AFP  -  624 words
    • 378 7  -  But dispute over claims which exist after Dec 29,1998 still ongoing By Michelle Quah SESDAQ-LISTED engineering parts supplier Oakwell Engineering, which is owned by construction group Koh Brothers, has made some progress in its long-running legal tussle with Canadian company Energy Power Systems (EPS). The
      378 words
    • 385 7  -  By Kalpana Rashiwala NATSTEEL'S proposed payment of a 55-cent special dividend to shareholders may be deemed as indirect rendering of financial assistance to shareholders in connection with the acquisition of shares, under Section 76 of the Companies Act. And to address this
      385 words
    • 542 7 Overseas units' contributions to counter slowing domestic sales Bloomberg SINGAPORE Telecommunications Ltd, South-east Asia's biggest phone company, may say fourth-quarter profit rose 60 per cent on improvements at its Australian unit and associates such as India's Bharti TeleVentures Ltd. Net income is seen
      Bloomberg  -  542 words
    • COMPANYBriefs
      • 23 7 Wklxmz holds about 112 million shares, or 46.1 per cent of the issued share capital, in Hyflux
        23 words
      • 89 7 WATER treatment firm Hyflux announced yesterday that its managing director Olivia Lum currently holds about 112 million shares, or 45.1 per cent of issued share capital, in the mainboard listed company. That means Ms Lum is worth at least $148 million, based on
        89 words
      • 113 7 PAUL McKenna, executive general manager of Australand's commercial industrial division, and his counterpart in the apartments division, Peter Dransfield, will be stepping down soon, said the Australian developer and Capita Land subsidiary yesterday. Mr McKenna intends to take on a part-time consultancy role after August, while
        113 words
      • 105 7 DARCO Water Technologies is looking to raise up to $8 million to fund its numerous water and waste water projects in the region through issuing unsecured convertible notes. The company has proposed that the notes be structured into two tranches of $4 million each, with
        105 words
    • 404 8  -  Demand has slumped due to S&rs-related flight cancellations By Loh Hui Yin OIL trader China Aviation Oil (CAO) says its shipments of jet fuel to Shanghai and Beijing airports have slumped by almost half this month because of flight cancellations sparked by the
      404 words
    • 234 8  -  Latest deal is 4th for building works at Changi plant By Michelle Quah SEMBCORP Industries unit SembCorp Engineers and Constructors (SembE&C) has bagged a fourth contract from the Public Utilities Board (PUB) for building work at the latter's Changi water reclamation plant. The latest
      234 words

  • Page 5 Advertisements
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      476 words

  • SINGAPORE markets
    • Article, Illustration
      322 6 OTHER SINGAPORE INDICES May 7 VALUE CLOSE WOMB 131.00 +30.00 BTCMI -*****.00 +16.00 gTICHayiU -*****.00 +13.00 AB-SGEoritfe* 352.50 -1.72 123 06 -0.31 Fl» 1100.27 -6.37 MljdfciFwp 306.49 +0.27 MTTlftgipirt 160.77 -093 WWUni 160.30 -0.30 Stocks Volume Chart SemiCond 26c 77,995,000 UniRber 10c 44,492,000 Peoptes Food HK50c 41,689,000 Leong Hin 20c
      322 words
    • 265 6  -  HOT STOCK/ WARRANT By' Ven Sreenivasan PEOPLE'S Food, which recently became a component stock in the Straits Times Index, faces a huge challenge as Sars spreads in China. The pork producer has been forced to close three of its
      265 words
    • 785 6  -  STOCKS r. sivanithy HOUSE traders, bless their souls, are a hardy bunch. Thanks mainly to their sterling efforts, the Singapore bourse in the past fortnight managed to demonstrate that some life yet exists in its creaking bones, rising sharply by about 8 per
      785 words
    • 576 6  -  CURRENCIES Canadian dollar at its highest in more than 5 years against Sing, US$ larry wee THE US dollar was hammered to fresh lows versus high-yielders in overnight trading, after the US Federal Reserve moved monetary policy to an easing bias. In a client
      Source: Reuters  -  576 words
  • 45 6 UNIT TRUSTS FUNDS LEGEND Al pncas ar* indicatnw Mcapt tor+; f Ea Mnggh Aanoc kwtfy OIMnMMk I Nanum*) Fnnaad;ilawHMc 'lowto Madum Knk.ft IMm «o Mo< «Wc Mghar Mk Ma* MMH ol unit* Aflar iMMaon o( units SP a#t« nodi M- Ww n»a>»9 Pay: Hoot Pnca:SiO»ls
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  • Page 7 Advertisements
    • 332 7 Notices IN THE MATTER OF KEPPEL THAILAND INVESTMENT PTE LTD (IN VOLUNTARY LIQUIDATION) AND IN THE MATTER OF COMPANIES ACT. CAP 50 NOTICE IS HEREBY GIVEN that in pursuant to Section 308 of the Companies Act. Cap 50 the Final General Meeting of the Members of the abovenamed Company will
      332 words
    • 712 7 PSL HOLDINGS LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the PSL Holdings Limited ("the "Company") will be held at 58 Sungei Kadut Drive. Singapore *****2 on Monday. 26 May 2003 at 10 00 am for the following purposes AS ORDINARY BUSINESS
      712 words
    • 543 7 NOTICE IS HEREBY GIVEN that the Annual General Meeting of Lafe Technology Limited ("the Company") will be held at Meeting Room 1. M Hotel. 81 Anson Road. Singapore *****8 on 30 May 2003 at 4.00pm to transact the following business: AS ORDINARY BUSINESS 1. To receive and adopt the Directors'
      543 words

  • Article, Illustration
    1051 8 Transaction date: May 7 ntTERBAWt CROSS RATES AS C$ f» tw m M H faHH Vaa Ww B cth>h N»0 S$ tmd itr OTS 8aW MSS Austral* 0192 5513 0.561 4.993 ***** 54.639 0.753 7175 2.433 1123 36.997 ***** 118 4.715 0151 22.223 ***** 0.397 0140 Cma8a 1.121 5.954
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  • Page 8 Advertisements
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    • 1292 8 ALTERNATIVE LOCATION FOR YOUR TEMPORARY NEEDS Prime location Prestigious Address Fitted units available 9 Various sizes from jm 420 to 10 000 SC I Ample car parking Comprehensive business support facilities aB Excellent staff amenities :.Ifflj 9 Video conferencing affordable kfir Surface Mount Technology (Holdings) Limited (Incorporated in Bermuda) NOTICE
      1,292 words

  • SINGAPORE news
    • 536 9  -  It'll offer tenants pay on demand services to cnt costs By Raju Chellam IN the first major development at One North, JTC Corp has awarded the Biopolis infocomm technology (ICT) contract to a consortium led by Sing Tel subsidiary National Computer Systems (NCS). The
      536 words
    • 455 9  -  It seeks to help them better manage their own finances By Genevieve Cua THE Association of Women for Action and Research (Aware) is launching a oneday course to equip women and men with the "financial intelligence" needed to manage their personal
      455 words
    • 691 9  -  Some local IT industry leaders tell Rqjn Chellam how they're coping Raju Chellam WHEN Saw Ken Wye, president of the Singapore Information Technology Federation (SITF), went to the Philippines early last month to see a Microsoft customer, the latter refused to meet him fearing that
      691 words
    • 349 9 DEMAND for oil products like jet fuel and diesel used by aircraft calling at Changi Airport, and by lorries and taxis, respectively has plunged by as much as 10-20 per cent because of the Sars outbreak, industry officials said. The biggest impact on oil
      349 words
    • 311 9  -  By Samuel Ee COE premiums for cars rose for a third straight tender as buyers brushed aside Sars and the gloomy economy to continue fiUing dealers' order books. The first tender for May ended with Categories A, B and E
      311 words
    • 407 9  -  By: Daniel Buenas DOMESTIC private consumption may fail an average 10 per cent in the second and third quarters due to the expected drop in tourist spending brought about by the Sars outbreak. This, in turn, will contribute to a lowering
      Source:  -  407 words
  • Page 9 Advertisements
    • 665 9 NOTICE IS HKRKBY GIVKN that an Extraordinary General Meeting ("KGM") of Lafe Technology Limited (Ihe "Company") will be held at Meeting Room 1. M Hotel. 81 Anson Road. Singapore *****8 on 30 May 2003 at 4.30 p.m. (or as soon thereafter following the conclusion or adjournment, as the case may
      665 words

  • EDITORIAL & opinion
    • 724 10  -  mmsama OPINION robert samuelson The Washington Post Writers Group THE economic news since the war in Iraq suggests we remain in the grips of what I've called "the new stagnation". It's a baffling twilight zone. The US is not in an economic free-fall;
      The Washington Post Writers Group  -  724 words
    • 87 10 The investment bankers who claimed they were uniquely capable of handling these conflicts of interest have proved to be uniquely incapable.' -EbotSpitzer the New York attorney-general, after the US$l.4 billion settlement with securities firms on charges that analysts published misleading stock research in a bid to win
      87 words
    • 655 10 EDITORIAL PINALLY, some good news for Hong Kong in its two-month-old campaign against the deadly Sars epidemic. The World Health Organisation (WHO) has just signalled that the territory, the worst hit after China, is making good progress in containing the bug. With that. Hong
      655 words
    • 1915 10  -  The following is the speech made by Thannan Senior Minister of State for Trade Industry and Education, at the launch of Enterprise 50 on Tuesday night at the Divine Society, Parkview Square Tharman Shanmugaratnam THIS year's launch of E5O comes at the most testing
      AP  -  1,915 words

  • EXECUTIVE suite
    • 540 11  -  But Knight Frank says the retail, office and industrial sectors may take longer to recover. Kalpana Rashlwala reports Kalpana Rashiwala HOME buying activity is likely to return by next quarter as Sars is brought under control and confidence returns to the residential
      540 words
    • 467 11  -  It partners Tsinghna SPDC, ELM Capital to target fast-growing, high-valne firms By Vince Chong REGIONAL business space specialist Ascendas is expanding its operations in China by setting up a joint US$5O million venture fund with Tsinghua Science Park Development Centre (Tsinghua SPDC) and venture
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  • Page 11 Advertisements
    • 102 11 aM paBSI II SCHOOL OF FINANCIAL SERVICES RISK MANAGEMENT I HOTLINE: 6226 3676 Email: boonwahOshri.org.sg I SCHOOL OF HUMAN CAPITAL MANAGEMENT H HOTLINE: 6438 0012 ext.l6 Email: kellyOshri.org.sg H ((fib Jones Lang I \|H/ LASalle. I i7® OUR RECENT SUCCESSES $49.5 million $48 million $21 million $61 million $54.4 million
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    • 127 11 Existing 14-storey building with a jfcS i total floor area of approx. 6,500 sq m 7 |l| Approved as a 213-room hotel I Potential for conversion to other uses, such I as hostel, residential/commercial, service apts j and Institution Proximity to Orchard Road Shopping Belt and the Dhoby Ghaut MRT
      127 words
    • 1017 11 "prime address unbelievable rates" Grade A Building in Raffles Place Flexible Sizes from j^3g Long Sub-lease Term Fitted Out or Bare Units Highly Subsidised Rent #Hl Sol* Marketing Agent Commercial 6531 8672 Wl 6531 8670 Hill 118/1 JOO CHIAT Brand new commercial building 4 storeys with elevator Large regular floor
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  • REGIONAL news
    • 622 12 SARS OUTBREAK Fears mount of infected migrant workers spreading epidemic in villages Reuters AFP AP [BEIJING] Even as it seemed to be winning the Sars battle in the capital Beijing, China yesterday issued a grim warning that it was facing an
      Reuters; AFP; AP  -  622 words
    • 276 12 AFP [HONG KONG] Hong Kong's Cathay Pacific Airways Ltd is asking staff to take unpaid leave because of the financial damage caused by the Sars outbreak, an airline spokeswoman said yesterday. "We are still discussing with staff and union representatives the so-called special
      AFP  -  276 words
    • 246 12 HONG KONG It denies lengthy, complex approval process is to blame Bloomberg HONG KONG'S Securities Futures Commission said four fund managers scrapped applications to sell hedge funds in Hong Kong, though it denied a "lengthy and complicated" approval process was to blame. About
      Bloomberg  -  246 words
    • NOTEBook
      • 43 12 Bloomberg [KUALA LUMPUR] Cathay Pacific Airways Ltd, China Southern Airlines Co and two other carriers plan to restore some flights to Malaysia as the outbreak of the deadly virus eases, said Transport Minister Ling Liong Sik. Bloomberg
        Bloomberg  -  43 words
      • 79 12 Reuters [KUALA LUMPUR] Malayan Banking Bhd, Malaysia's biggest lender, said yesterday that its quarterly net profit fell 19 per cent. It said the drop was mainly due to the higher effective tax rate incurred in its Q3 compared with the same period the previous year.
        Reuters  -  79 words
      • 93 12 Bloomberg [KUALA LUMPUR] Malaysia's industrial production probably resumed growth in March as factories of Globetronics Technology and other manufacturers returned to normal work after a shorter month and Lunar New Year holidays led output to contract in February. Production at factories, mines and
        Bloomberg  -  93 words
      • 56 12 Xinhua [BANGKOK] The Thai-Malaysian gas pipeline is expected to be in operation by mid-2005, Thai News Agency said on Tuesday. Prasert Bunsumpun, vice president of PTT Gas, was quoted as saying that despite local opposition, the pipeline and gas refinery, operated by TransThai-Malaysia
        Xinhua  -  56 words
      • 84 12 Reuters [JAKARTA] Indonesia's oil watchdog, BP Migas, will take over selling government-owned crude oil for the export market from Pertamina that is preparing for privatisation in 2006. Indonesia ratified a new oil and gas law in 2001 that revoked state-owned Pertamina's monopoly over the
        Reuters  -  84 words
    • 148 12 HONGKONG AFP A HONG KONG trade body is to challenge a Swiss government decision barring its members from attending a prestigious jewellery convention in Switzerland due to Sars fears, officials said yesterday. The Hong Kong Trade Development Council (TDC) has appointed a law
      AFP  -  148 words
    • 313 13 HONG KONG Linns Cheung may replace Financial Secretary Antony Leung report Bloomberg PCCW Ltd deputy chairman Linus Cheung, the last remaining member of the former Cable Wireless HKT management team, is stepping down at the end of the year. "Having achieved the goals I set
      Bloomberg  -  313 words
    • 334 13 HONGKONG Leung's credibility hit by 'perceived conflict of interest' Bloomberg LAWMAKERS are set to begin debating a motion of noconfidence in Financial Secretary Antony Leung related to his purchase of a luxury car six weeks before the government raised the tax on vehicles.
      Bloomberg  -  334 words
    • ASIANotes
      • 89 13 AFP [NEW DELHI] The Indian government yesterday invited bids foi*a 51 per cent stake in the country's largest shipping firm, state-run Shipping Corporation of India (SCI). The government said that after the majority stake sale, it would continue to give preferential treatment to SCI
        AFP  -  89 words
      • 87 13 Bloomberg [HONG KONG] CK Life Sciences International (Holdings) Inc, billionaire Li Ka-shing's first major investment in biotechnology, posted its first profit as the company expanded its sales network in the US and Asia. The unit of Cheung Kong (Holdings) Ltd, which develops drugs and
        Bloomberg  -  87 words
      • 68 13 AP [NEW DELHI] India's federal Cabinet on Tuesday proposed allowing dual citizenship for people of Indian origin living in eight countries. Nearly 20 million people of Indian origin live abroad, but the move would only cover those living in the countries which allow dual citizenship the
        AP  -  68 words
      • 80 13 AFP [ISLAMABAD] Pakistani Prime Minister ZaflunDah Jamali on Tuesday announced that the country would soon resume air, rail and bus links with arch-rival India as a goodwill gesture. Unveiling a series of confidence-building measures at a press conference, the prime minister said his government had also decided
        AFP  -  80 words
      • 77 13 AP [HANOI] Vietnamese President Tran Due Luong has rejected leniency pleas from two former executives sentenced to death in the communist country's biggest corruption trial, state-controlled media reported yesterday. Tang Minh Phung, former director of Minh Phung—once one of Vietnam's largest private companies—and Pham Nhat Hong,
        AP  -  77 words
  • Page 12 Advertisements
    • 205 12 Where to wine, dine and entertain... by: M A World of Exclusive Privileges &Treats A Mother's Day Indulgence II May 2003 This Mother's Day. pamper mum with the delightful spread at Rang Mahal and we will jNk luxuriate her with a special gift a Haach Jp f, "Perfecting the Past"
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    • 32 12 /H* aiis® 1 Spring Court I I The Oldest 'J n I Chinese Restaurant in VV/ Singapore since 1929. Mother's Day Special Set Menu Free Peking Duck for minimum order of $328
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    • 148 12 Earn-Asian Buffet Lunch Dinner lunch on 10 May) Lunch: $28 (Adult). SI7 (Child under 12 years) Dinner: $32 (Adult). )19.50 (Child under 12 years) All mothers will receive a bowl of herbal tonic soup, a stalk of carnation. For every booking of 8 persons, one mother will eat free (one
      148 words
    • 69 12 n MERITUS MANDARIN SINGAPORE T THOCclcc#, 'DeliyAte 8 18 May 2003 Buffet Lunch IZOO noon to 5.00 pm Weekdays $22.80*(Adult) $l4.Bo*(Child) Weekends: $23.80*(Aduk) $15.8(r(ChikD Buffet Dinner 630 pm to 930 pm Weekdays: $27.80*(Aduk) $19.80*(Child) Weekends: $28.80*(Adult) $20.80*(Child) IIStiSSSSSB Mezzanne "TtrmadamJtamupptf 'o**' Reservations: *****286/88 MEATUS "mandarin" lINCAPOBI 333 Orchard Road, Singapore
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  • Page 13 Advertisements
    • 482 13 KB KINGBOARD COPPER FOIL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) Notice of Special General Meeting NOTICE IS HEREBY GIVEN that a Special General Meeting (the "SGM") or the Company will be held at sth Floor, Block I, Valiant Industrial Centre, 2*12 Aii Pui Wan Street, Fo Tan, Shatin,
      482 words
    • 818 13 KB BNGBOARD COPPER FOIL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of KING BOARD COPPER FOIL HOLDINGS LIMITED will be held at sth Floor, Block L Valiant Industrial Centre, 2-12 Aa Pai Wan Street Fo
      818 words
  • Page 13 Miscellaneous
    • 218 13 CRYPTIC CROSSWORD 8 Men embraced by a woman ment here 13 Baby bird is snuggling up (8) 21 Understanding how to get 24 Describe precise location of 25 Crockery for a man in Norfolk town (6) 26 Derisive remark about flour- 7 Ken and Anne produce cot- 9 Clients, 10
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  • 1550 14 BOOM FUTURES May 7 IU88Q Futures (Closing prices)' BSSKScMtsAe) Close Votame Opto Month High Low Sett (towns) Interest •tan 03 165.50 Jul 03 157.75 Aug 03 157.75 Sep 03 157.75 RSS 3 (US ceats/kg) Volume Open Month High Low Sett (tonnes) Interest Jun 03 9425 9150 92J5 WO 1300
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  • WORLD news
    • 514 14 PENSION PLANS He has retirement package worth USsBom to USsloom Reuters Bloomberg [NEW YORK] New York Stock Exchange chairman Dick Grasso earned more than US$lO million last year and has amassed a retirement package worth US$BO million to US$lOO million, The Wall Street
      Reuters; Bloomberg; AP  -  514 words
    • 389 14 LONDON Bloomberg THREE of Britain's largest employers are setting aside more than £30 million (SsB4 million) for chief executive pensions, angering their workers and shareholders. "What we are against is an upstairs, downstairs approach to pensions," said Brendan Barber, general secretary-elect of
      Bloomberg  -  389 words
    • 419 14 NEW YORK Q3 earnings rise to USs9B7m despite 4.2% fall in sales NYT CISCO Systems Inc, the largest maker of Internet network equipment, reported on Tuesday that its profits slightly exceeded Wall Street expectations even though its sales dropped compared with those in the
      NYT  -  419 words
    • WORLDWatch
      • 76 14 Bloomberg [LONDON] Royal Dutch/Shell Group is considering whether to increase its stake in a Caspian Sea oil project potentially blocking plans by two Chinese rivals to buy the shares. China Petrochemical Group and CNOOC Ltd said in March they each agreed to pay BG
        Bloomberg  -  76 words
      • 77 14 Bloomberg (NEW YORK] Island Def Jam Music Group, a unit erf Vivendi Universal, and its CEO must pay more than US$l3l million for blocking a rival label from issuing a record by rapper Jeffrey "Ja Rule" Atkins, a jury said. It had previously ruled
        Bloomberg  -  77 words
      • 60 14 Reuters [WASHINGTON] US Vice-President Dick Cheney confirmed in an interview published yesterday that he will be President George Bush's running mate in the 2004 re-election campaign. "The president has asked me if I would serve again as his running mate," Mr Cheney told The
        Reuters  -  60 words
      • 50 14 Reuters [WASHINGTON] US Treasury Secretary John Snow repeated on Tuesday the Bush administration backs a strong dollar and said the best way to keep it strong was to boost economic growth. "We think a strong dollar is in the US interest," he told CNBC.—Reuters
        Reuters  -  50 words
      • 67 14 Reuters [PARIS] French bank BNP Paribas yesterday reported a 5.6 per cent fall in quarterly net profit on lower money-management results and a weak US dollar, but the earnings topped analysts' forecasts. BNP, which also gave a cautious outlook, earned 962 million euros (Ssl.9 billion)
        Reuters  -  67 words
    • 308 17 NEWYORK Slumping economy hurting sales at most chains NYT FIFTEEN months after filing for bankruptcy protection, Kmart on Tuesday completed its reorganisation and yesterday became a publicly traded company once more a much smaller one, under new management and con- trol, with
      NYT  -  308 words

  • 6 15 Transaction date: May 7
    6 words
  • 5 15 Transaction date: May 7
    5 words
  • 708 15 Transaction date: May 7 Mn»« OJB 0 7*5 «fl® MM9I OS IC* *009 CJK 0 Vr «\X OOC U> Ut n»«» ii in <vr« «eoio out ov uao •oow Ourt ianaOsnd Mc OM B»1C .CIK1 H< II, H «i 047 C.'O OtiOvw** 1fi 19<B -torn Haokrt feed MkSOt 0J4
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  • 500 15 BONDS WARRANTS Last Vat Cam Ixm Im 'nS cmm i*» *m- r»Q) AST1W*****1 17.5 1 16 179 0 69 13 AanaLMVMMim 15 05 5 1 50 692 4 33 18 Amtek W*****0 55 undi 19 1 33 1 158 25 Armstrong W*****0 15 1 10 53 5.00 12 Boustead 1MM0002
    500 words
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  • Page 16 Advertisements
    • 1639 16 SC GLOBAL DEVELOPMENTS LTD (Incorporated in the Republic ot Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Twenty Fifth Annual General Meeting of SC Global Developments Ltd will be held at 10.00 a.m. on Thursday, 29 May 2003, at Sheraton Towers, Topaz Room, 39 Scotts Road. Singapore *****0
      1,639 words
    • 2758 16 Notices IOL Tung Lok Restaurants (2000) Ltd NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 3rd Annual General Meeting of TUNG LOK RESTAURANTS (2000) LTD w« be held at The Arena Country Club. Arena Bairoom. Level 2. 511 Upper Jurong Road. Singapore *****6 on Monday. 26 May
      2,758 words
    • 508 16 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTE* Of JINAN NO. 4 CONSTRUCTION PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) At on Extroordmory Generol Meeting of the obovenomed Cotnpony held at 1 Stadium Wale, Level 2 Koliong Theatre Building. Singapore *****8 on S May 2003, at 11.00
      508 words

  • 6 17 Transaction date: May 7
    6 words
  • 67 17 LM XI 0«» LatQaMt GrOw Dm GrVM MM MCjb U» Ci m Ht» W- fW| NH» u» Cm HI iS 9960 19 Diamorxfc US8780 2010 8510 4610 ltOO IS Di US Tedl US3740 1000 3730 555 SSS fSMSCI Sparc USS55 ***** KOO ISSAPS00 US8270 ***** S?80 SPOW US8280
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  • 1502 17 S24* Lact Vol Day Last Quote GrOw On GrVM MM HCm imm Cl«mi Sate w- rtm rn+ t— 8nr» Mhi cv m sJ 11 75 ABRMWgsi 10 *1.5 145 10 95 10 12 193 24 15 APOISc 19 Scd 1 100 19 5 19 5 19 5 20
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  • 337 17 524* Lat Vol Day L»Qwt> GrOnr On GrYld MM MCaa law fiin M« W- (***** t— >fr Sdhf Cw M imi 123 SI AVJe*wwngsA25c A118 unch 46 118 117 118 119 40 3.4 8.5 69 254 Cathay Pac 20c MK720 265 2.1 7.4 6 *****2 Cheung Kong50c HK1780
    337 words
  • Page 17 Advertisements
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  • BizIT
    • 718 18  -  BTiaiMllUk'iJ This could open the gates to tens of millions of dollars in revenue, reports Vlnce Chong Vince Chong TREK 2000 is still seeking a royalties and licensing model which could open the gates to tens of millions of dollars in revenue after it received
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    • 744 18  -  INFOTECH E-commerce, and ICTT generally, could blast off. But remember it's a two-way racecourse kenneth james SO what was the most important aspect of the agreement that she had spent two years helping to forge? Valerie D'Costa's reply was immediate, a sense of deep satisfaction
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    • 179 18 > A VISUALLY STUNNING MASTERPIECE UNLIKE ANY OTHER < > Sleek and mesmerising. An absolute triumph! < > After the first glance, it is impossible to turn away < ry. **n«i < A 1.\\ DIM |'.\S (ON starring THE SAMSUNG 19" SYNCMASTER 192T MONITOR .NO THE SAMSUNG ML1750 LASER PRINTER
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  • SHIPPING TIMES
    • 276 19 Reuters THE Baltic Dry Index rose 8 points to 2160, the Baltic Capesize Index rose 8 points to 2818, the Baltic Panamax Index rose 16 points to 2186 and the Baltic Handymax Index rose 12 points to *****. TIME-CHARTER: Kassos Warrior (built 1986) *****4 dwt delivery Qingdao spot
      Reuters  -  276 words
    • 271 19 MX '000 N*T Vol CWT Distribution 0.60 0.02 8 Chum Hup 038 unch 508 CH Offshore 0.19 unch 109 Cosco Investment—0.22 -0.01 70 Freight Links 0.04 unch 40 GB Holdings 0.57 unch 0 Jaya Homings 0.34 unch 243 KeppelCorp 4.46 -0.06 1113 K1 Ventura 0.17 -0.01 290 KeppelTeie
      271 words
    • 729 19  -  21 incidents reported last week, up from average of 7 a week By] Donald Urquhart [SINGAPORE] Piracy attacks jumped dramatically with 21 incidents reported last week, up from an average of seven per week, including a close call for a Sin-gapore-flagged LPG carrier.
      Compiled by BT  -  729 words
    • 339 19 They force the 5 of them onto raft in Caribbean; 2 die AP [PANAMA CITY, Panama] The 12-member crew of a ship suspected of throwing five stowaway Dominican migrants overboard arrived in Panama to face possible charges in the deaths of two of
      AP  -  339 words
    • 80 19 [SINGAPORE] The largest passenger ship ever built in the Netherlands may be saved from the breaker's yard. The SS Rotterdam (left), built in 1958, is to have a permanent berth in the port of Rotterdam. The yard that built the ship, Rotterdamse Droogdokmaatschappij (RDM), has purchased it
      80 words
    • 174 19 Reuters [WELLINGTON] New Zealand's largest port operator Ports of Auckland Ltd said yesterday it is anticipating a reduction in the number of calls by cruise ships in the 2003-2004 season due to concerns about terrorism. Ports of Auckland said there were 37 visits by 21
      Reuters  -  174 words
    • 294 19 New 499-ton Ehime Marn leaves for 2-month cruise to Hawaii AP [TOKYO] Hundreds cheered at a port in south-western Japan yesterday as students of a fisheries school whose training ship was sunk by a US Navy submarine in a fatal
      AP  -  294 words
    • US aviation
      • 1028 20 The US government is distorting market forces in an industry that experts say needs a good shaking out NYT [WASHINGTON] Breaking up may be hard to do, but it appears especially tough for the US government and the airline industry. Since deregulating the industry a quartercentury
        NYT; REUTERS  -  1,028 words
    • 3 20
      3 words
    • 4 24 THEBU SINESSTIMES
      4 words
    • SHIPS IN PORT
      • 617 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BTADINAJA MAY7 J1 A/SIDE 08/05 0100 MAHAAGUNG MAO IB J2 A/SIDE 08/05 0300 SHANNON EXP 02TP03 J3 A/SIDE 08/05 0600 A KAMBING 1 J8051A J12 08/05 1015 08/05 2315 APOLLO SATU 7 J4/5 08/05 2100 09/05 0600 ATLANTIS 7
        617 words
      • 2 25
        2 words
      • 141 25 May 8 Soth Korea: Memorial Day France/Victory Day HongKong: Buddha's Birthday May 14 Indonesia: Prop's Birthday Malaysia: Prop's Birthday Thailand: Wisakha Bucha Day Hay 15 Indonesia: Waisak Day Malaysia: Vesak Day Thailand: Wiskha Bucha Singapore: Vesak Day May 19 Canada: Victoria Day May 26 U.K.: Spring Bank Hoi
        141 words
      • 757 25 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 averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        757 words
      • 546 25 Carbon ISO Mai 1005 1 0.7 K2 0.08 144 0.03 May 1 De«*lty Water KesMoe AshAtar.in.um Sediment No above E25 3 0 3 0 2 0 1 TTT 380 Ave 962 3 0J 13.8 0.04 18 0.02 U«I 380 Mai 991.1 15 18.9 0.08 41 0.06
        546 words
    • AIR & LAND transport
      • 671 26 Plnnge in bookings means it has to cnt profit forecast, delay plane orders Bloomberg [SYDNEY] Qantas Airways said sales on some routes dropped two-thirds as a deadly virus sapped travel demand, causing the airline to cut its own profit target
        Bloomberg; AFP  -  671 words
      • 387 26 Reuters [CHICAGO] US Airways Group Inc reported a firstquarter loss before exceptional items on Tuesday, but its net profit vaulted to US$l.63 billion after it sloughed off liabilities and took gains on cheaper aircraft financing deals and the termination of its
        Reuters  -  387 words
      • 117 26 Bloomberg [TOKYO] Tokyo police asked prosecutors to file negligence charges against a Japan Airlines System Corp pilot and two air traffic controllers for their role in a near midair collision involving two planes carrying 676 passengers. One hundred people were injured when
        Bloomberg  -  117 words
      • 187 26 Bloomberg [HONG KONG] Cathay Pacific Airways, Hong Kong's largest carrier, raised freight rates for some of its Asian routes after it cut almost half its scheduled passenger flights because a respiratory virus sapped travel demand. Cathay boosted rates to Singapore, Kuala Lumpur, Jakarta and Australia from
        Bloomberg  -  187 words
      • 405 26 It's first Australian firm to win work in post-war Iraq Bloomberg [SYDNEY] Port cargo handler Patrick Corp won a contract to assess whether Baghdad Airport is ready to open, the first Australian company to win work in post-war Iraq. Australian companies such as
        Bloomberg; REUTERS  -  405 words
      • 184 26 Reuters [MANILA] The Philippine government said yesterday it would temporarily run a new terminal at Manila's international airport after the Supreme Court scrapped contracts with the private operators. "The Government shall operate the NAIA 3 Terminal 3 in the meantime until the time
        Reuters  -  184 words
      • 260 26 It wants the operating costs of the jets to assess the feasibility of a bny AFP [WASHINGTON] British tycoon Richard Branson's Virgin Atlantic is seeking hard numbers to assess whether it can buy Concorde and run it at a profit, a senior company official
        AFP  -  260 words
      • 400 26 AIRLINE COOES AA Amman Vines (ML). Af to frma (AFP) Al to In* (AK) AY Fmjr OyfFMl AZ toOki Artnes iAZAi BA Brtrsh Ammys Pubtc Lti Co (BAWi BG Bnw -y'joesfi Artnes (BBC) Bl Haul Brunei Artnes Sdnßha/RBA) BO Bourtq Artnes (BOU) BP EVA Amnvs Ccrjm
        400 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 656 20 IMPORT NORTH AMERICA 11 I AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) ««a I WT LB HI no vissa voy m stb m am hk m m_ ooaamu tiwu 13/04 11/05 is/os akaimny it* v/ 04 20/00 oi/os oj/oj o//ts 12/05 i4/»s PtO NIOUOYD STUYVESANT 15W17 30/04
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    • 505 20 lines servkes represented by -1— j d„fS Members <* me l©| Accradiwd AgM,. Singapore Shipping Associcrtkxi g ULY UNE MALE /viSSa VOT ETA ETA ETA A P. KLAWG STOKE KAli Princess Lily 0403 14/05 16/05 25/05 Mold Star 539 A 23/05 25/05 03/06 Princess Lily 0503 04/06 06/06 15/06 Mold
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  • Page 21 Advertisements
    • 1138 21 I TO USA (SAX SERVICE) VISSEI VOY SW ETA LAX OAK DAI HOP CHI COt WW ATI NYC AH. CANADA 1131 14/05 29/05 03/06 03/06 03/0* 03/06 03/0* 03/0* 06/06 06/06 API SCOTIANP 1171 21/05 05/06 09/06 10/06 10/06 10/06 10/06 10/06 13/06 13/06 APIHIGIUM US|_ 28/05 12/06 16/06 17/06
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    • 1494 21 DIRECT CALL TO M J COLOMBO 4 DAYS gouai agots m sbgafom »xwrsomt »n-« um/wi rn_ Bft I SSS«S!""* m ITD ask 1 ssis sg®s bandar abbas •12 days T/SMPW *****175 41M5314/44 I johots oma coHVßmoiui m»uso tntnn I (OSTAI AGfNOfS (N) SOU MO TIL 07-*****44 HULO7 ISM 170 A
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  • Page 22 Advertisements
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    • 21 22 Bunkum Bunker? Check it out in Shipping Times daily Bunker reports. FOR STRAIGHT TALK ON SHIPPING MATTERS EVERY WEDNESDAY Shipping Times
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    • 527 22 \NN WAN HAI LINES V TEL *****588 FAX: *****163 INTRODUCINC:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For mora details, emit HOTLINE: *****588/1800-*****00 wca w m m ia jakaita tp ASUEUtiSS IUA 11/05 13/
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    • 611 22 BSA x MYANMA ■BE FIVE STAR UNE (MyaMMT NfltiMd Um) f*r Yh«n vtssa vot sm m w poi PAGAN 306* SU> MPA-AN 307W ll* M MALAYSIA: OOUSTIAO SHIP HUG AGUKIIS lIH 03-*****)00 MIL 03-*****101 KM: 04-M***** BANK LINE (A MTYKI AWrtw Wtir SlriffMf) NOHTHBOUND TO EUROPE 1 V CONUMBt, tORO,
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  • Page 23 Advertisements
    • 1111 23 [VESSEL VOY KHH HKO IHN IHU I PX> RAR DMM MC MAN ISFAHAN Kit 310 06/05 0t705 10/05 11/05 1»/05 19/05 24/05 26/05 IRAN SATTARI PCL 311 SKIP SKIP 17/05 It/05 25/05 26/05 03/06 05/06 IRAN HORMOZGAN PCL 312 20/05 21/05 24/05 25/05 01/06 02/06 OS/06 10/06 UNDAVIA Pa 313
      1,111 words
    • 507 23 UK CONTINENT SERVICE Loacfcngtor SMART RDM/ATW/BMN/UK/NAN GULSER ANA RDM/ATW/BMN/UK/NAN Loads Sngapore, E/W. Malaysia. Indoneaa MIPPLE-EAST SERVICE Loading far BRAVE JOHN JDH/AQA PRABHU DAYA DBI/ABU/DOH/BRN/DMM/KWT PACIFIC SUN II JDH/AQA NEW BARONESS DBI/ABU/DOH/BRN/DMM/KWT IRINI DBI/ABU/DOH/BRN/DMM/KWT "Loads Sngapore. E7W. Mataysaa. Indonesia USA SERVICE Loadngfor AROURA AMETHYST CAM/NFK/SAV/NOL ALFONSO MZL/LAX/VCW SEA BEE CAM/NFK/SAV/NOL toads
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    • 949 23 ¥81 E9I «gfl VOX sm lozss n/»s -ttUEtta mi iizis_lsfcl BWSB Uiß 17/0? -tttJIU 01] 15ZIS_ ZJZ2BZZ J*M»* o?4*g 13/15 13/ OS MO— i2U UtfS_ _2LO5_ wum ma rni I PXMU 774? ?7/os ?4/rs 20M86 am am u/os ■■■^■TVTnvnPßrwi^^^^H '«'**>» M4»* 17/05 muhh mm io/os i9/*s vcsn vot ffg Sg£-=g%=-3%-
      949 words


  • Page 25 Miscellaneous
    • 122 25 s REGIONAL WEATHER §sE3S9Bt 5 FOR 7AM 8 May 2003 Issued by Meteorological Service Division,NEA LEGEND: I Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10
      122 words