The Business Times, 20 May 2003

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Total Pages: 24
1 24 The Business Times
  • 16 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE j Internet: http://business-times.asial com.sg TUESDAY, MAY 20, 2003
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  • 887 1  -  First-quarter grew better than expected 1.6%; MTI says recovery hinges on Sars situation By Anna Teo [SINGAPORE] GDP growth in the first quarter turned out a little better than initially estimated, but Q2 will bear the full brunt of the
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  • 76 1 «n 1,292.49 (-12.02) ST INDEX FUTURES 1,286.00 (-11.00) SIMSCI FUTURES 188.30 (-1.50) Mondav Change KLSECOMP 636.68 +042 NIKKEI 225 8.***** -78.16 H ANG SENG 9.***** -5.81 SET INDEX 379 03 -3.97 JAKARTA COMP 459.22 -8.72 MANILA COMP 1.062.94 >3.41 TAIPEI WPI 4.***** 27 97 SEOUL COMP 596.36 1445 SHENZHEN
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  • 74 1 FOREX RATES US* S$ I'SS |SS per l"SS) 1.720 £(l'SS/SS per 1.629 2.801 El RO(l SS/SS/E) 1169 2tW9 YEN 115.6 67.20 RM 1800 2.210 HKS 7 799... 4.536 BAHT 41.97 2441 RIPIAH MM— 4.903 RENMINBI... 8.299 4.826 INDIAN RI PEE 4711 27.40 PRIME RATES SINGAPORE* 5i5 KIALA Uim 6.40
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  • 279 1 LATEST US DATA Stockm&rket and consumer expectations higher, bnt manufacturing is still weak AFP AP A WIDELY-WATCHED indicator of the US economy's direction rose only slightly in April, giving little sign of a post-war bounce in activity. The New York-based private Conference
    AFP; AP  -  279 words
  • 589 1  -  rT^xcTusive The ETA factor: Impact on IP Bi Amit Roy Choudhury [SINGAPORE] Enhanced Intellectual Property (IP) protection under the USSingapore Free Trade Agreement could boost Singapore's economy by more than US$l billion, add almost 2,000 jobs and generate US$64 million in
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  • 554 1  -  Revival expected as travellers come to terms with Sars By Donald Urquhart [SINGAPORE] A "solid rebound" is in sight by yearend for the regional aviation and tourism industries devastated by Sars, the Centre for Asia Pacific Aviation (Capa) said yesterday. According to Capa,
    554 words
  • Page 1 Advertisements
    • 34 1 Construction sector shrinks 12.3% in Ql, Pg 3 Other reports, Pg 3 lllillll 8 *****1 *****4 For the press release on Ql Economic Survey of S 'pore, go to: http://business-times, asia 1. com. sg
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    • 169 1 ■»h offensive feACflk m\ MALAYSIA SINGAPORE taago N Jakarta JAVAPhoto and Graphic REUTERS damped on Aceh [BANDA ACEHJ Tension mounted in the Indonesian province of Aceh yesterday as Jakarta dropped more than 400 paratroopers near Iskandar Muda airport in the state capital of Banda v vxSS**!& Aceh yesterday Indonesia 's
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    • 21 1 Tourists are coming back: hotels, agencies Sing Tel disputes telco complaints PAGE 2 Bank bailout spooks Japan's financial markets PAGE 13
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  • NEXT page
    • 359 2  -  Its data shows charges for local leased circuits are lower than New York's By Tang Weng Fai [SINGAPORE] Singapore Telecom yesterday strenuously defended its track record in response to recent criticism of its practices in the local loop circuit market (LLC) and its application
      359 words
    • ON THE grapevine
      • 72 2 WITH travel between Singapore and China virtually grounded because of Sars, the usually-harried Chinese diplomats here actually have time for work instead of being kept busy with rounds of entertaining de rigueur in the business. Says Zhou Hongli, minister-counsellor in charge of economics and commercial affairs at
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      • 114 2 FOR reporters, it's always refreshing to get a two-sentence press statement once in a while. But there are sentences and then there's this one: a 71-word whopper running into five lines on A4 paper and separated by only one comma. "We are happy to do our part
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    • 502 2 Blitz begins jnst hours after peace talks break down AFP Reuters AP IBANDA ACEH] President Megawati Sukarnoputri declared martial law in Aceh yesterday as Jakarta dropped hundreds of Indonesian paratroopers into the province hours after the collapse of peace talks in
      AFP; Reuters; AP  -  502 words
    • 530 2  -  Its 12-strong team among the most experienced in China deals By Loh Hui Yin [SINGAPORE] A leading Singapore law Firm has taken the plunge in China even as some investors are reviewing their China investment strategy following the severe Sars outbreak there. Stamford Law Corporation
      CHRIS LOH  -  530 words
    • 96 2 Main intellectual property rights provisions in the USSpore Free Trade Agreement Introduoes a mechanism to register aoent marks. Extends temn of oopyrigft protection in S'povB for al categories of wortts by afl creators tor an additional 20 y*sr& Ensures tm only authors, oompoeers and other copyngf*
      96 words
  • Page 2 Advertisements

  • Q1 ECONOMIC SURVEY
    • 12 3 Note: AH figures are y-o-y rates Source: DOS
      Source: DOS  -  12 words
    • 251 3  -  Weak commercial and industrial property markets cited for decline All reports by Daniel Buenas THE construction sector shrank by 12.3 per cent in the first quarter from a year ago, with weak showings from both the public and private sectors. On a seasonally-adjusted annualised
      251 words
    • 314 3 CREATIVE industries which include IT and software services, advertising and the performing arts generated $8.8 billion in receipts for the year 2000, representing a value-added (VA) amount of $2.9 billion or 1.9 per cent of Singapore's GDP. This was revealed in
      314 words
    • 149 3 THE transport and communications sector grew a marginal 0.7 per cent in the first quarter this year a sharp slowdown from 4 per cent growth in the preceding quarter. Although communications saw steady growth, the sector's performance was dragged down by a decline
      149 words
    • 107 3 Economic contributions of creative industries in 2000 To/cimero* RECaFTS WALUMOOtD OTOHTS CTEATVEiOJSTRY A IT software services 2,892 1,137 14.290 312 AdwIMng 2,010 510 j 5.584 85 Broadcasting media 1.212 229 3,747 25 Pubishing industries 925 283 4,972 68 tntehor, graphics fashion desgn 653 187 4,863 na Architectural services
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  • Page 3 Advertisements

  • SINGAPORE markets
    • Article, Illustration
      318 4 OTHER SINGAPORE INDICES May 19 VALUE CLOSE BTOB/DS 134.00 284.00 BTCAW -*****.00 -143.00 ITlMyMH -*****.00 +14.00 MkSG 350.24 -2.72 SQChMm tkct 122.70 -2.16 86 jpjfcg 1089.68 -12.27 308.67 -2.32 mciflfpir» 158.89 -1.52 MMSCI F«hm 158.30 -1.50 SingPost5c 44,379,000 UnifiberlOc 42.652.000 Gotdtron 5c 32.584.000 BIL mt) US20C 22,533.000 Links (stand 10c
      318 words
    • 294 4  -  HOT STOCK/ WARRANT By R Sivanithy IN yesterday's column we featured Yahoo! Inc, whose share price rise over the past six months is suggestive of another Internet bubble on WaU Street. Today's feature reinforces the notion that analysts and investors don't seem
      294 words
    • 2023 4  -  l-l i comment STOCKS r. sivanithy IN times of depression, any plausible recovery story can be relied upon to spark a rush into stocks especially when those stocks have been depressed to levels not seen for several years. Problem is, the resultant push on prices
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    • 344 4 US$ slides as Washington seems ready to accept weaker currency AFP THE euro edged closer to its launch rate against the US dollar yesterday as Washington appeared to accept a softer currency and investors worried about worsening deflation in the United States, dealers said. The euro
      AFP  -  344 words
  • 3077 4 UNIT TRUSTS FUNDS com Global Health index Fd 0 822/ Com Oabal Telecom Index Fd 0422/ Com Global krfotec Index Fd'" 029*/ MN Aaro MM Mgl (S pore) Com Global Energy Index Fd 0.83/ Star Europe cqtyl 0612/ Travrt Index Fd 0 644/ V?5 Com S pore Bond Fend/* 1.106/
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  • SINGAPORE companies
    • 456 5  -  Fitch affirms SingTel's ratings in view of stronger financial position Reports b% Angela Tan SINGAPORE Telecommunications Ltd will book a gain of $474 million from its postal agency Singapore Post Ltd for the fiscal quarter ending June 30, 2003. SingPost's book value was
      456 words
    • 338 5  -  Bat Si&s still wants EGM resolutions to be separated By Kenneth Lim NATSTEEL Ltd yesterday said minority shareholders would not be prevented from collecting the 55-cents-a-share payout because of the way the resolutions for its upcoming extraordinary meeting (EGM) have been tabled. It also
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    • 501 5 NEWLY-LISTED Singapore Post yesterday reported a 7.2 per cent rise in net profit to $108.7 million for the year ended March 31, despite the sluggish economy. This translated to earnings per share of 5.72 cents, up from 5.33 cents previously,
      501 words
    • 250 5  -  By Michelle Quah SINGAPORE Airlines chief Cheong Choong Kong will step down as chairman of subsidiary Singapore Airport Terminal Services (Sats) on Thursday, ahead of his retirement from SIA next month. Dr Cheong, 61, will be succeeded by Edmund Cheng Wai
      250 words
    • 432 6  -  Bat oil trader warns of weaker Q2 with Chinese jet fnel demand down By Loh Hui Yin THANKS to strong contributions from its investments, China Aviation Oil's (CAO) net profit jumped almost 90 per cent to $18.1 million in the first quarter
      432 words
    • 310 6  -  By Kenneth Lim WITH five Enterprise 50 awards under its belt, precision metal stamping firm Allied Technologies said yesterday it now wants to make an impression on the mainboard, and is aiming for a June listing. "We have come to a point where we
      ARTHUR LEE  -  310 words
    • 326 6  -  Kenneth Lim HONG Kong-based commodities trading firm Noble Group had a complaint yesterday despite posting net earnings of US$B.2 million, a 12 per cent year-on-year gain, in its first quarterly report. "We are not dancing in the streets because we now have
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    • COMPANY Briefs
      • 45 6 IN light of the waiver from mandatory quarterly reporting for listed companies with a market capitalisation of $75 million and below. Tuan Sing Holdings, General Magnetics and Gul Technologies said they will not be issuing quarterly reports with immediate effect.
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      • 85 6 Reuters UNISTEEL Technology said net profit was up 17.4 per cent for the three months to March 31 to $4.89 million. Earnings per share was 2.05 cents from 1.75 cents. Turnover rose to $24.07 million from $23.72 million. Unisteel manufactures and supplies precision
        Reuters  -  85 words
    • 952 6  -  lock siew siow li sen THE subject of executive pay in the annual reports of local banks makes for interesting reading even though much is left unsaid. OCBC's 2002 annual report, for in stance, shows that the bank's chief executive, David Conner, was
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  • Page 5 Advertisements
    • 447 5 NOKIA CONNBCTCTO PBOFIE f I Unfold your opportunities Unfold the Nokia 6800 and take the way you do business to the next level. With new AirMeeting 2 an instant messaging service provided by inTouch, plus full SMS, MMS 1 and email functions, you can close business deals and hold daily
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  • Page 6 Advertisements
    • 483 6 jjTK H+H Baker M9Kenzie.Wong Leow Singapore Corporate j f~~\ Counsel Association Abogado Pte Ltd Key Issues to Improve Corporate Management Wednesday, 4 June 2003 THE SEMINAR a orti it i ict Baker McKenzie.Wong Leow and Abogado Re Ltd, in conjunction with the ABOUT US Singapore Corporate Counsel Association, are pleased
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    • 224 6 Precision Machine Tool Manufacturer Excel Machine Tools Limited (Under Judicial Management) The Judictai Managers request expressions of interest from parties interested in the business of Excel Machine Fools Limited. Excel's principal activities are the manufacture and sale of factory automation equipment, precision machine tools and machinery equipment for use in
      224 words

  • SINGAPORE news
    • 610 7  -  They report greater arrivals in last 2 weeks, Ist time since Sars outbreak By Leonard Lim ENCOURAGING signs over the past two weeks in both the inbound and outbound travel markets are the surest signs yet that the Sarsaffected tourism industry could be on
      610 words
    • 255 7 PRIME Minister Goh Chok Tong has extended invitations to China's health authorities to make study visits to Singapore. He has also offered thermal scanners to China to help fight the infection there. "Like China, Singapore has been engaged in a very difficult battle
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    • NEWS Roundup
      • 56 7 THE Centre for Corporate Social Responsibility, an independent non-profit organisation, was formally launched yesterday. It aims to promote and address issues of corporate ethics and serve as a think-tank and resource on such matters. The objective is to help companies become good corporate citizens, said
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      • 113 7 THE Ministry of Manpower (MOM) has amended the Workmen's Compensation Act to include Sars as a compensable occupational disease. Under the amendment, workmen's compensation is payable to employees engaged in manual labour, regardless of monthly income, or engaged in non-manual labour and earning $1,600 or less
        113 words
    • 393 7  -  Units at T&qjong Pagar project going for $650psf By Vince Chong FAR East Organization's 99year leasehold Icon continues to attract homebuyers in the current economic downturn, notching 79 transactions last weekend. This brings total sales at the Tanjong Pagar project, which is selling
      FILE PHOTO  -  393 words
    • 162 7 CAPITALAND has set up an award for outstanding nursing students at Nanyang Polytechnic's School of Health Sciences. The Healthcare Frontliners Award is a tribute to those in the nursing profession and comes in the wake of the recent Sars outbreak. Capita Land president and CEO Liew
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  • Page 7 Advertisements
    • 33 7 You never actually own a Patek Philippe. You merely jßjy take care of it for the next generation Annual Calendar by Patek Philippe Geneva Master Time, Tel: (65) 6732 1506 www gmtsingapore com
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  • FOCUS property
    • 611 8  -  I i l comment PROPERTY Bat is the govt's $70m to fand the Esplanade money well-spent? lee han shih WHAT do glitzy hostess bars in Tokyo's Ginza district and the Esplanade arts centre on Singapore's city waterfront have in common? Both have become a symbol of
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    • 270 8  -  By Andrea Tan PROPERTIES owned by former Enterprise 50 company Pillar Corporation will be auctioned on Thursday by Colliers International. Pillar was placed under judicial management in January, joining many other construction firms that are on shaky ground. Deloitte and Touche's Tam Chee Chong and
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  • Page 8 Advertisements
    • 419 8 3-STOREY BUILDING (FORMERLY LIWAGU CINEMA) BEDOK TOWN CENTRE Near Bcdok MRT Station/Bus interchange, BBBjWff popular market/hawker centre, Bedok j Sports Hall and Stadium Site Area: 1,500 sq.m. approx. -7 nhlni Floor Area: 2,900 sq.m. approx. mi- Im 99-year leasehold from Ist June 1980 Currently leased to established S-League Change use
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    • 521 8 SPRINGLEAF TOWER Quality office alwl space with raised flooring and VRV K sHL air-con MJB Whole floor I fl^^Lv f Subdivided Units ==:=:^BJ™|^S Direct covered access to Tan jong MI Pagar Competitive Rents lU, Debenham |HTie Leung i MORTGAGEE SALE BY TENDER 19 LORONG 8 TOA PAYOH Purpose-built 6storey industrial
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    • 861 8 B i 1 SEKSUN CORPORATION LIMITED (Incorporated in Singapore) ANNOUNCEMENT (I) BONUS ISSUE ("BONUS ISSUE") OF BETWEEN A MINIMUM OF 24,316,100 AND A MAXIMUM OF 29,226,000 NEW ORDINARY SHARES OF 550.20 EACH ("BONUS SHARES") IN THE CAPITAL OF SEKSUN CORPORATION LIMITED ("COMPANY") ON THE BASIS OF ONE (1) BONUS SHARE
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  • REGIONAL news
    • 498 9 KUALA LUMPUR Economic stimulus package likely to focus on travel and hotel industry AP AFP Reuters MALAYSIA'S economic growth this year will top 2002's 4.2 per cent, Prime Minister Mahathir Mohamad said yesterday, as the government prepares to announce details of
      AP; AFP; Reuters  -  498 words
    • 310 9 BANGKOK AP MORE than 1,000 police guarded Thai Prime Minister Thaksin Shinawatra yesterday amid fears that he might be the target of an assassination plot by drug traffickers. Mr Thaksin, who has ordered a massive crackdown on the illicit drug trade, said over
      AP  -  310 words
    • NOTE Book
      • 102 9 AFP [JAKARTA] Indonesia's economy grew 3.43 per cent in the first quarter compared with a year earlier and was up 2.04 per cent on the three months to December, the government announced yesterday. In the fourth quarter to December, the economy contracted 2.61 per
        AFP  -  102 words
      • 62 9 AFP [KUALA LUMPUR] Malaysia will buy 18 Sukhoi fighter jets from Russia in a deal estimated to be worth US$9OO million. Defence Minister Najib Razak announced yesterday. "We are happy to announce that Malaysia has agreed to buy 18 Sukhoi Su-30 MKM aircraft,"
        AFP  -  62 words
      • 101 9 Reuters [SHANGHAI] China's brokerages saw first-quarter revenues slide 24 per cent to 5.58 billion yuan (Ssl .2 billion) year-on-year, the Shanghai Securities News said yesterday. The poor performance may not sit well with foreign securities houses looking to get into a once-shuttered sector,
        Reuters  -  101 words
      • 89 9 AFP [BANGKOK] Tourists arriving in Thailand are to be awarded US$lOO,OOO if they become infected by the Sars virus in the kingdom and die, tourism and sports minister Sonthaya Khumplem said yesterday. "One hundred thousand US dollars will be paid to tourists who are infected
        AFP  -  89 words
    • 568 11 SABS OUTBREAK WHO wary of China's latest figures, vast drop from a week ago AP AFP Reuters [BEIJING] The World Health Organization (WHO) yesterday cast doubt on official Chinese data for the Sars outbreak, saying it was not ready to declare a
      AP; AFP; Reuters  -  568 words
    • 182 11 NEW DELHI AP INDIA'S largest private sector company, Reliance Industries Ltd, is negotiating with Munich Re of Germany to establish India's first private reinsurance firm. The Economic Times reported yesterday. If established, the proposed joint venture would break the monopoly of staterun
      AP  -  182 words
    • 460 11 BKIJING It has little power over the industry without changes to central bank laws AFP A NEW Chinese banking watchdog is Finding itself in a legal limbo, as existing rules keep it from wielding any real powers, state media said yesterday. Amendments to
      AFP  -  460 words
  • Page 9 Advertisements
    • 230 9 FTiin Lianhe Zaobao H I Inside story on I I decision I I Chinese I I securities I I watchdog I 11. extend May 11 I trading halt I I wane* I lILjl CaO toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE
      230 words
    • 41 9 Oracle Makes Linux Unbreakable Everyone knows Linux costs less Now it's faster and more reliable too orade.com/linuxfaster or call **********1 CopyngM f 2003. Oricto M nghtj r.««n»»d O-.cl. n trxtomrt o« Or.ct. Caw*" o#»f nam* m»y t» tradwnactt of thw w«n«n
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  • EDITORIAL & opinion
    • 750 10  -  pi:i=« I bottom line OPINION shada islam WORLD attention may be focused on the United States as the one and only superpower but a more self-confident and assertive European Union is also making its presence felt on the global stage. And look closely: many
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    • 63 10 'I have seen all the attention that artifacts thousands of years old have gotten. But this was where we trained young minds for the future.' Abbas Ebadi a professor at Basra University, as he looked at the wreckage of what was once one of Iraq s two
      63 words
    • 579 10 EDITORIAL WHO would have thought that in just these few months since the Economic Review Committee's final report was released in early February, the global economy could have been shaken by a war, a widespread viral outbreak that has yet to be contained, and an
      579 words
    • 1043 10  -  East Asian banks may be jumping ont of the proverbial frying pan of over-lending to corporate borrowers into the fire of a consumer credit boom, according to the World Bank From Anthony Rowley in Tolcuo THE "emergence of the Asian consumer" is one
      AFP  -  1,043 words
    • 163 10  -  Leong Sze Hian Singapore I REFER to the article "sl4b wiped off S pore market despite relief rally" by Ven Sreenivasan (BT, May 1). It says that fears of war and Sars wiped $14.6 billion, or 7 per cent, off the Singapore
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    • 378 10  -  MAlLiren Narayana Narayana Singapore I REFER to your report, "SBS to incur loss on NE Line despite 13 per cent higher fares" (BT, May 9). It is surprising that there has been such muted reaction from the public to the higher fares that SBS
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    • 166 10  -  Denis Distant Singapore ON Dec 30, 2002, you published my letter complimenting Wah Shing International for its decision to hold its shareholders' meeting at its auditors' office and to alert shareholders in the notice of meeting that no refreshments would be served. Wah Shing has been
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  • Page 10 Advertisements
    • 99 10 Fax your letters to 6319-*****r emeu them to btletter&sph.com.sg or write to: The Business Tlmem, BPM HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your fuM name, address and telephone number tor verification. Please use temperate language, and bear In mind libel laws. We reserve the
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  • Page 11 Advertisements
    • 1376 11 Den norske Bank asa PROFIT AND LOSS ACCOUNTS BALANCE SHEETS Amounts in NO* m*on 2002 2001 Amounte in NOK mifcon 31 Pec. 2002 31 Dec.2ool Assets Interest income 23 852 24 914 Cosh ond deposits with control bonks 19 130 2 820 Interest expenses 16 501 17 725 |q and
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  • WORLD news
    • 324 12 WASHINGTON MCI to pay mnch larger fine than Xerox did last yean Wall Street Journal AFP NYT MCI, formerly World Com, and the Securities and Exchange Commission (SEC) have reached a final agreement in the telecom giant's US$ll billion fraud case, The Wall Street
      AFP; NYT  -  324 words
    • 230 12 NEW YORK NYT AFTER six years and much economic Darwinism, they finally did it. Online retailers broke even last year, according to new data from Shop.org, the Internet merchant trade association. The association said etailers generated US$76 billion in sales for 2002, and for the
      NYT  -  230 words
    • WORLD Watch
      • 74 12 Reuters [TOKYO] Japanese videogame maker Sega Corp said yesterday it returned to profit on a group net basis in the latest business year alter five years in the red, helped by solid results in its game arcade business. But operating profit for the
        Reuters  -  74 words
      • 68 12 AFP [WASHINGTON! US President George W Bush's chief spokesman, Ari Fleischer (right), has resigned his post as White House press secretary and will leave in the coming months, administration officials said yesterday. They would not say exactly when Mr Fleischer would leave or who would
        AFP  -  68 words
      • 44 12 Reuters [NEW YORK] Qualcomm Inc said third-quarter revenues and profit would be in line with its previous estimates. Third-quarter revenue is expected to rise 27 per cent. Total revenue will rise about 24 per cent from the year-earlier quarter. Reuters
        Reuters  -  44 words
    • 570 13  -  Two trillion yen rescue sparks fears of a financial system crisis From Anthony Rowley in Tokyo JAPANESE financial markets reacted badly yesterday to the government's weekend announcement of a two trillion yen (5529.7 billion) public bailout of Resona Holdings, the country's fifth-largest bank.
      570 words
    • 409 13 WASHINGTON Reuters GERMANY is at high risk of deflation and Japan, Hong Kong and Taiwan are vulnerable to an accelerating pace of price declines, the International Monetary Fund (IMF) warned on Sunday in a blunt assessment. The report found a low chance of
      Reuters  -  409 words
    • 421 15 NEW YORK Deal will make Chiron a major player in US market NYT THE Chiron Corp, one of the largest US biotechnology companies, has agreed to buy Powder Ject Pharmaceuticals, a British vaccine maker, for more than US$B7O million, a person close
      NYT  -  421 words
  • Article, Illustration
    1032 12 Transaction date: May 19 PTTBRRAME CROSS RATES AS cs mm fara hks Wis Yaa rnm 1 l»wt» Pm S$ 9mt Sir m 8att Hmt USS Australia 0.893 5.4*1 0.563 5.132 31.001 55.474 0.761 7.MZ 2.501 1123 38.029 34.507 1(32 5.052 0.853 22.769 27.616 0.404 0658 Canata 1120 6.118 0.631
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  • Page 12 Advertisements
    • 825 12 first quarter 2003 /fjf. nOt)l6 results announcement "|3i ■1 1 w 1 noble group limited r VJ I \J U worldwide suppliers of raw materials necessary for economic growth (Incorporated in Bermuda with limited liability) To our shareholders, The Board of Directors of Noble Group Limited is pleased to present
      825 words

  • 1544 13 SICOM FUTURES May 19 RUBBER Futures (dosinq priccs) RSS1 (S cetfe/kq) Close Volume Open Month High Low Sttt (tonnes) Interest Jun 03 ***** Jul 03 165.00 Aug 03 ***** S«p 03 ***** RSS3(UScMb/ko) Volume Opto Month High Low Sttt (tonnes) Interest Jun 03 100.00 100.00 100.00 150 W50 Jul
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  • Page 13 Advertisements
    • 221 13 Now is the best time to upgrade your career and to obtain a world class degree from University of London. You can study in the mornings, afternoons, evenings or weekends. Or choose the e-learning option with us. Or mix and match to suit your personal learning needs. Stansfield College is
      221 words
  • Page 13 Miscellaneous
    • 289 13 CRYPTIC CROSSWORD 10 I am after a levy for transport IV 11 They help when one is in a 16 Fastener for a jumper (4) LhJ LJ IIHH A sign to know in Scotland round one (4) """"1888 H W 20 Nearly everything nearly HF^^ everything nearly (6) j j
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  • 4692 14 Tratisaction date: May 19 HONG KONG woi HKRK*-I vs4 001 48so MM 000 Hong Kong Electric 30 40 unch 2082 Hongkong Chinese 0 86 unch 6500 Alpha General 0.27 0 02 0 Hongkong Chinese Ltd 0 86 unch 6500 AnandaWmgOn 0.01 unch 0 Hopewell Holdings 665 0 05
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  • 2317 14 Transaction date: May 19 KUALA LUMPUR Vo j General Soil 126 unch 0 KM (000) Gerrtmg 12.10 unch 293 George Kent 020 -003 2 A 4 M Realty J0.S9 unch 3 GtobetroniaT«th 4.70 002 125 Abnc .0.68 -0.01 49 Glomac8hd 145 -0.02 60 ACPIndustnes 2.77 0 02 19 Gold
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  • 694 14 Transaction date: May 19 Mnvtt Mt acn -006S MtMK MO MM <«*W cac Q«0 4JC0 «M OCK I* > "i> «1M c«um i >0 ijno «an out in in OMkMMJb OM am CMS »>!■>» D4A 0 '15 -OBK G%o»*t tu vm -a ok tad msm. as un «*is im
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  • 519 14 BONDS WARRANTS Last Vol Cmm Em Our 'SrtB C—W Mi *m- Cm* nkm lag U* A5T1W*****1 45 1 16 SB 2.B9 13 Aana ltd \M>***** 2 unch 61 1 SO ?00 US II Amtek W*****0 54 15 10 1 33 -1 162 25 Armstrong \MM0520 25 1 10 47 340
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  • Page 14 Advertisements

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  • Page 15 Advertisements
    • 93 15 Blanc faiN MANUFACTURE DE HAUTE HORLOGERIE (?Ckjua*A^> Fn^uFcrfCowoli Cortina watch V D I p..'.-" iIL 1 l 111^ Raffles City #01-36 Tel: *****185 7 \Vw[ jVfi| Millenia Walk #01-62/65 A Tel: *****728 \\V V ftJ/W Paragon #01 -13 Tel: 6235 0084 wortd s thmncst only \.f t *///W Lucky Plaza
      93 words

  • KNOWLEDGE economy
    • 1614 16  -  Instead of focusing on training to eliminate weaknesses, companies need to pay more attention to finding and capitalising on the strengths of their people, says Astaoh Gopal Ashok Gopal IN the early *****, a debate raged in Hollywood about the choice of the new
      PHOTOS: REUTERS  -  1,614 words
  • Page 16 Advertisements
    • 246 16 Where to wine, dine and entertain... **Exclusive Privileges Treats ((JfiSffi Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch (Sat, Sun Public Holidays): $27.80 (Adult), $17 (Child*) Dinner (Nightly): $28.80 (Adult), $17.50 (Child*) For reservations, please call 6290 8005/6299 9011. Prices
      246 words
    • 101 16 oi\ 1* I Spring Court 1 I The Oldest r 0 Chinese Restaurant in Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to one per table wfehmia. order of $50 oawardi. MB WINE CHILLER SPECIAL Item on Display 39 BOTTLES WINE CHILLER $599 (SOLID DOOR) 78 BOTTLES WINE CHILLER
      101 words
    • 63 16 $15.80++ per set meal Available weekday s for lunch. Call 6869 2299f0r reservations. V, r4^V Tr Y our popular Kway Teow or WDte 1 ©©(Hi? Kway "leow Mon-Ffi: Lunch from 11.30 am onwards For reservations, please ca*****1 2138 #401 MacPiwnon Roa«L Singapore 3681 25 T.L 6343 0088 Fa.: 6343 0033
      63 words
    • 35 16 More than 10 varieties jg«sLsoc HAf •Oicfcart Shopping C«n»« 2nd Lml I#-iH glOrdutdll—dhwttn Soman* MCT).T«if7>t7n> (Ml «Honf IUI» Town Counc* 3rd tww» lit ttmm CmmmTs> W»IH Advertise in Wine, Dine Entertain of The Business Times.
      35 words
    • 90 16 IMERITUS MANDARIN SINGAPORE] Asparagus Season 1-31 MAT 2003 Asparagus is one of the most nutritious and delicious vegetable. It is fat-free, cholesterol-free and packed with vitamins. Savour healthy Pan-fried White Asparagus Salmon Carpaccio, or the Duo of Pur Die Asparagus Italian Prosciutto Ham and many more. Set dinner: $82 per
      90 words

  • SHIPPING TIMES
    • 265 17 Reuters THE Baltic Dry Index rose 26 points to 2317, the Baltic Capesize Index rose 75 points to 3083, the Baltic Panamax Index fell 8 points to 2315 and the Baltic Handymax Index rose 112 points to *****. TXMB-CZXARTERi Lowlands Rose (built 1996) *****9 dwt delivery Antwerp 1/10
      Reuters  -  265 words
    • 272 17 MX '000 n*t» s$ *h m CWT Distribution 0.56 -0.02 21 Chuan Hup 036 -0.01 263 CM Offshore a 19 unch 92 Cosco Investment _036 0.02 7410 Freight Links 0.04 -0.01 300 G8 Holdings 0.56 unch 0 Jtyl HokJinqs 0.34 0.01 863 Keppai Corp 4.46 -0.10 613 K1
      272 words
    • 608 17  -  They must be ready to handle incidents of Sars on ships in their ports: IMO circular By Donald Urquhart [SINGAPORE] The International Maritime Organisation (IMO) has warned of the "potential danger" of the spread of Sars through the global maritime
      REUTERS  -  608 words
    • 184 17 Bloomberg [TOKYO] Kawasaki Kisen Kaisha Ltd (K Line), Japan's third-largest shipping line, said full-year profit more than doubled because of increased demand for container shipments on North American and European routes. The company posted group net income of 10.4 billion yen (*****.9 million), or an
      Bloomberg  -  184 words
    • 170 17 Bloomberg [TOKYO] Nippon Yusen KK, Japan's largest shipping line, said full-year profit fell 19 per cent as lower freight rates and higher fuel costs eroded earnings. The company forecast net income will more than double this year. Group net income for the year ended March 31
      Bloomberg  -  170 words
    • 195 17  -  By Beth Jinks [SINGAPORE] Thai-listed intra-Asia operator Regional Container Lines (RCL) has promoted five executives in a series of management changes. RCL named Tasanai Chantarangkul and Kua Hock Eng as executive directors to the board, to oversee policies and strategies in finance and human resources, and
      195 words
    • easy cruise
      • 744 18 easy Jet founder plans no-frills concept of cruising whereby customers will pay as little as £10 per night AFP [LONDON] Far from being a once-in-a-lifetime luxury, taking a cruise on the high seas might soon become little more expensive than staying at home if easy
        AFP  -  744 words
      • 94 18 Reuters [GOTHEBORG] In the industrial outskirts of Sweden's southern seaport of Gothenburg craftsmen on scaffolding, sprinkled with sawdust, work against time to finish a US$3O million ship set to sail into history. Gotheborg (right) is a full-size, hand-built replica of a legendary early 18th century sailing
        Reuters  -  94 words
    • 114 18 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Fujitrans 2 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien Hung
      114 words
    • 9054 22 THEBUSINESSTIMES EXPORT ETA ETA AOvartisar Vassal Voyaga Taiaphona ETA ETA Advartisaf V«>* Voyaga THaphona SIN Dast'n N«nw Nam* Number NumDar SIN Dast'n Nam Nam# Nwnbar Number 0t/04 17/06 COSCO TAI HE 224* 45-*****900 To ABIDJAN (ABJ) 2003 Cot* D"lvolr* Wot rtto cr*na snog asta oo*2* sjwiiw 27/05 06/07
      9,054 words
    • SHIPS IN PORT
      • 567 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ER ALBANY N07F J18/19 A/SIDE 20/05 0430 NIC0 3 1905 J24 A/SIDE 20/05 0630 SANDIDEWA14 125 J4 A/SIDE 20/05 0630 ALPHAHARMONI 70 J4/5 20/05 2345 20/05 2300 BAYSWATER118 M3112 J3 20/05 0900 20/05 1700 BAYSWATER228 E3112 J3 20/05 1730
        567 words
      • 2253 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Ith Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 079S 079S 1_ 2Q0SOOO3O7OO *****003 1700 K10 AC* MAGNOLIA OWN 063N J_ 2O05OOO3OBOO 2O0S/2OO3 21OO TO4 ALAMJAYA 2 8846 8846 __t 220SOOO3 1100 2205OOO3O9OO ALTONA 0337 0336 1
        2,253 words
      • 134 23 May 20 U.K.: Spring Bank Hoi U.S.: Memorial Day May 29 Indonesia: Ascent ion Day France: Ascent ion Day Germany: Ascention Day May 31 Brunei: Armed Forces Day Jul China: Children's Day. Jan 2 Italy: Anni of the Rep. NZ: Queen's Birthday. Jon 4 Hongkong: Tuen Ng Festival.
        134 words
      • 762 23 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 indi cated. The Cockett Bunker Price Index change
        762 words
      • 493 23 Carta* 180 Mai 1005.1 0.7 15.2 0.08 M4 0.03 May S Oensltj Hater RmMm AsAAtomiiwim Sctfiawnt No above E25 3 0 2 0 2 0 ITZZ 380 Ave 980.5 0J 13.1 0.04 18 0.02 die* 380 Ma> 991.9 15 18.4 0.07 41 0.05 «WW3 %v/v h/u
        493 words
    • AIR & LAND transport
      • 414 24 Private carrier wants to use nntapped aviation rights of Indian Airlines, Air India AFP (NEW DELHI] India's largest private airline Jet Airways wants to stretch its wings and fly to international destinations using the untapped aviation rights of state-run Indian Airlines and
        AFP  -  414 words
      • 389 24 Tnrnaroond from £200 m loss last year but it warns of weaker Q1 revenue Reuters [LONDON] Slashing costs helped British Airways pic top market forecasts for annual profit yesterday but Europe's biggest airline warned that first-quarter revenues would be weaker
        Reuters; FILE PHOTO  -  389 words
      • 101 24 [SHANGHAI] A Chinese family wearing protective masks on their way to board a flight at Hong Qiao airport in Shanghai yesterday. China Eastern Airlines, the country's second largest carrier, said passenger traffic in April slumped nearly a third from the same month last year. The
        REUTERS  -  101 words
      • 267 24 Reuters [HANOI] State-owned Vietnam Airlines has reached a preliminary agreement with the US Export-Import Bank for financing the purchase of four Boeing 777 jets, valued at over US$4OO million, an airline official said yesterday. The deal is the first in Vietnam
        Reuters  -  267 words
      • 395 24 US carriers gear up for summer season; demand improving after war in Iraq Bloomberg [CHICAGO] UAL Corp's United Airlines and Delta Air Lines will restore flights in June, boosting service for the US summer travel season as demand improves after the war
        Bloomberg  -  395 words
      • 1907 24 PIT ruaw n> mn m mm mm zm mm i**77t> izn wn w ga mm mm mh» am H*m wa «a IBM am *ast<r*M S023 0605 6*974 01)0 i,nylii SQ603 1*10 C2352 OtK 6U37 1455 HSM 2255 COS) 23(5 MM |PB Hani W741 1325 SOTO 1035
        1,907 words
      • 293 24 But passenger traffic in April hit by Sars as airline cut flights by 50% AFP [HONG KONG] Hong Kong-based Dragonair said yesterday its cargo operation posted a rise in April despite the tough operating environment resulting from the outbreak of Severe Acute Respiratory Syndrome
        AFP  -  293 words
  • Page 17 Advertisements
    • 394 17 AWARDS fel^_ EMIRATES SkyCargo, the freight operation \1 of the Dubai-based international airline, walked away with the highest number of awards at the recent Cargo Airline of the Year ceremony, held annually by Air Cargo News for the air cargo industry. Emirates was named: Best Airline to the Far Cast
      394 words
    • 428 17 n^^^back 9H black I BACK PAGS Cd 9 Mft-Crcc 1800 3t»M22 G8 (ASIA SOUTH AFRICA) FORUM SOUTH AFRICAN PORT ADDITIONAL Due to past and continuing operational delays and the additional expense involved in maintaining service schedule in the present difficult circumstances at South African ports, the following members of the
      428 words

  • Page 18 Advertisements
    • 695 18 IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) IAUSTRALiA ASU EXPRESS (AAX) VP» VOT ICR W» VTSSa VOT WE STB MB AM. ERE WW ooamwrow sown p;/«$ is/o$ i;/o$ api wort son ir/m 12/ M u/h 14/0$ m/m 25/ m 27/ M OOdAMBICA MWIf 14/ M 01/
      695 words
    • 470 18 /gmB>v Lines servtces represented by S-ngoptxe flfepwg AwoeiJion ULY LINE MALE Arasa vor ra rat tu A r.KUWG SfOtt MAI£ 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 Corner 739 A 13/06 15/06 24/06 v I II I
      470 words

  • Page 19 Advertisements
    • 1145 19 TO USA (SAX SERVICE) VtSStl VOT SIN ETA lAI OAK DAI HOU Oi COt MtM ATI MTC API SCOTLAND 1171 21/05 05/06 09/0* 10/0* 10/06 10/0* 10/0* 10/06 13/0* 13/04 Aft KLG4UM 1151 28/05 12/06 16/0* 17/0* 17/0* 17/0* 17/0* 17/0* 20/06 20/0* API SWtPfN 0071 04/0* 19/0* 23/0* 24/0*
      1,145 words
    • 1569 19 "fPMAM OVK SttVKI FtOtt UMAPOftI TO MACK SUVIAPOtTSA*OMKAfVKKAM) If MR tITCUMi MniMm mim GCHOAI MCKTS SMUTOtf: M IOOMSM ti ***** SAIB/OMS TO: 44)*****/41ML *****171/74 I 5! COSTAR SNIPPING PTE LTD •J"" «nw*»(iA) mwmi *2its»s/7s I CONHAUUIA (ROMAMA) •23 MfS I lu SRP SSSi SgitfS I__ r morsomck awvamoMi oatososo *****704
      1,569 words
    • 532 19 nssa voy ariae «t "MS*™* m* 123/5 J/T flMy 275S 24/5 P7S a7T~ GAITO IHUM WOT! 13Q/S I <7S S7T lfl/5 12/5 IW WIWIHUM OIK 31/5 I Vi 4/t ANAN »HUM «l» I t/l 111/t 112/1 [17/4 1 H/4 Ili/T||WTMI»HUM OM 7/t I 10/4 11/4 'W-MMMm vssa vor hk sm
      532 words

  • Page 20 Advertisements
    • 1011 20 HMN& HYUNDAI MERCHANT MARINE CO., LTD. I I g«0. HWHOOOON \wm. ~wT ai sou |w|mi iw hmi wTI Ivissa vor son I tai |tm ht 1 1—m |iv T* NYftSDOM 319 i U/05 10/ M 04/0* M/M M/M MOinKBKM ONI 11/ M 03/05 M/M M/M M/W vicotAi niw ii/m m/m
      1,011 words
    • 549 20 VNA WAN HAI LINES Y TEL: *****588 FAX: *****163 INTRODUCING:- 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, emll HOTLINE: *****588/1800-*****00 tzmmsmm mm m m m m mi mam m ASUEXFIESS ItSA
      549 words
    • 646 20 BSA x MYANMA ■H FIVE STAR UNE (MyaHMr yd Um) vtssa VOT sm m ra pgu PAGAN JO6W SID MP*-** 307W SU M RAUTSU: OOUSTIAO SMPPMG AG(NCNS lUL 03-*****300 PIL- 03-3174*101 ftlt 04-2****** tg| BANK LINE (A Mnrkt ti kmkrm W«r Sttppiaj} I NOHTHBQUNP TO EUtQPt V CONUMBt, RORO, HULKINUVYUFTS
      646 words

  • Page 21 Advertisements
    • 1117 21 IVKCII WAY If MM UKfi CMJ ptfl DXB BAB 55H MK MAN HOOtMOZOAN PCL 312 20/03 21/03 24/03 23/03 01/06 02/06 0«/06 10/06 IRAN TEHRAN PCI 313 27/05 2S/05 31/05 01/06 00/06 09/06 15/06 17/06 UNOAVIA PCL 314 03/06 04/06 07/06 05/06 15/06 16/06 22/06 24/06 MAN KMMAN PCL 315
      1,117 words
    • 494 21 a k UK CONTINENT SEKVOCE Loading tar SMART RDM/ATW/BMN/UK/NAN GULSER ANA RDM/ATW/BMN/UK/NAN Loads Sngapore. E/W. Matayan. Indoneaw MIDDUE-EAST SERVICE Loading for BRAVE JOHN JDH/AQA PRABHU DAYA DBl/ABU/DOH/BRN/DMM/KWT PACIFIC SUN H JDH/AQA NEW BARONESS DBVABU/DOM/BRN/DMM/KWT IRINI DBl/ABU/DOH/BRN/DMM/KWT ■Loads Singapore. E/W. Matayaia. >KtonaaM USA SERVICE Loadngtor AROURA AMETHYST CAM/NFK/SAV/NOL ALFONSO MZL/LAX/VCW SEA
      494 words
    • 926 21 Jfisa m m job m ma nm n/os maimth? mm »/os b/qs -gu«e* ma nm nm jtumm sm 20/u «/<» MCIAMOO 09S4N 74/05 14/05 ililliTi 7 lUZ 19/05 31/05 W>tMt Ot55W 75/05 10/05 »COMm 9703 07/04 05/04 fXW* B2M 22/24 22ZIS fX OAMDA 0957 M 70/05 79/05 r CMt> o**o*
      926 words


  • Page 23 Miscellaneous
    • 122 23 I REGIONAL o 5 FOR 7AM 20 May 2003 jJji Issued by Meteorological Service Division.NEA LEGEND: I 'C Thunderstorm Wind speed symbols Showers C 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
      122 words