The Business Times, 3 June 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE I Internet: http://business-times.asial.com.sg TUESDAY, JUNE 3, 2003
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  • 869 1  -  ST Index among top gainers with 2.4% surge to its highest close since January Byy Ven Sreenivasan [SINGAPORE] Asian equity markets surged to their highest levels in weeks yesterday, driven by better US economic numbers and a growing belief that the
    Source: Bloomberg; AFP  -  869 words
  • 417 1  -  By\ Donald Urquhart [SINGAPORE] Airlines have begun restoring up to one-third of the flights they suspended from Changi Airport during the Sars outbreak. And those who do so will reap the benefits of a new $10 million incentive package announced
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  • 612 1  -  SIA management also told to separate Sars-indnced cuts from wage reform By Donald Urquhart [SINGAPORE] Singapore Airlines' pilots' union says the airline must provide justification for the $200 million in wage cuts management is seeking, and provide details on wage restoration as
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  • 562 1  -  Over 200 units in relaunched projects are 3-15% cheaper By Vince Chong [SINGAPORE) Developers are cashing in on a happier market mood to try to clear old stock, with relaunched projects now being offered at prices between 3 and 15 per cent lower
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  • 75 1 STI 1*380.72 (+31.72) ST INDEX FUTURES 1,390.00 (+32.00) SIMSCI FUTURES 172.00 (+4.50) Monday Change KLSECOMP 671.K4 _+4»J8 NIKKEI m K547.1T tBM HANG SENG 9.617 51 +150.15 SET INDEX 404.7K *0.96 JAKARTA COMP -505.72 -1095 MANILA COMP .1.***** -t« TAIPK1 WP1 4.692.94 +1S7jM SEOIXCOMP 64K71 15.29 SHENZHEN B ±*64.1 +0.86
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  • 83 1 FOREX RATES us$ ss I'SS (SS per l'SS| 1.731 £(VSS/SS per 1.627 1816 El R()(l SS/SS/E). L168 2.022 YEN 1187 68 60 RM 3.800 2.19a HKS 7.799 4.5415 BAHT 41.71 24.09 RI PI AH 8*95 4.792 RENMINBI M99 4.794 INDIAN R1 PEE 4713 2718 AS 1.540 0.889 NZS 1.737
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  • Page 1 Advertisements
    • 34 1 Bw can smaller distributors survive a shakedown? BBS Electronics' Jerry Hui kicks off our new Enterprise series, k starting today "PAGE 17 The Hour Glass •i feSS 1:1 #1 'w%jjh* dtttK A mL IB^
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    • 121 1 Missed that BT exclusive? Log on to BT Online and check out our archived news exclusives and columns. This value-added service is free to BT newspaper subscribers. For others, it will be a premium subscription service from 4am to 2pm. Call 6388-3838f0r details or go to http://business-times, asia l.com. sg
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  • NEXT page
    • 679 2  -  Fond aims to help foster international investor confidence in Asian bonds Frona Anthony Rowley in Tokyo CONCRETE steps were taken yesterday towards creating an Asian bond market, when 11 Asia-Pacific central banks and monetary authorities pledged a total of US$l billion to a
      679 words
    • 355 2  -  Agreement with ST Telemedia takes precedence: source By. Amit Roy Choundhury [SINGAPOREI Singapore Technologies Telemedia's agreement with Global Crossing prevents the latter from soliciting competing offers, an industry' source said yesterday after US financier Carl Icahn last week made a bid of US$7OO million
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    • 595 2  -  Policy board split over Fnkni's unusual measures Froml Anthony Rowley in Tokyo GROWING tensions within the Bank of Japan's Policy Board over how far the central bank should stray into the realms of unconventional monetary policy are threatening to stall some of the
      595 words
  • Page 2 Advertisements
    • 331 2 Ml Asia Pacific K VII Management tiTll Institute Executive Network. £pA Leadership Journey, MBA 4 Mnohfif i Top U.K. MBA in General Managemem Mashr Technology Management e Singapore 35th Intake Register Now! m Singapore New Intake Register Now! 1009t conducted by University of Hull faculty e 18 months; 8 subjects
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  • Page 3 Advertisements
    • 318 3 The naming ceremony of these two tugs is held today m Muara, Brunei Darussatam. Both tugs are on long-term charter to Brunei Shell Petroleum Co. Sdn Bhd. for the berthing and unberthing of UNG tankers at the Brunei Liquefied Natural Gas Terminal, Lumut, Brunei Darussalam. They will also be engaged
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  • SINGAPORE markets
    • Article, Illustration
      330 4 OTHER SINGAPORE INDICES Jun 2 VALUE CLOSE WOmS 821.00 +317.00 IT CADI -*****.00 +174.00 WlMayMA -*****.00 +82.00 HMCMIm 375.52 +7.31 SCEquttmlhct 129.48 +2.64 1165.12 +27.66 SGEmWM 350.60 +11.62 mar iT 170.62 +3.95 SMSCI Fatam 172.00 +4.50 Stocks Vol— L&M lc 201.887,000 Chart SemiCood 26c 74.466,000 Esmart 5c 62,362,000 UniFiber 10c
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    • 294 4  -  HOT STOCK/ WARRANT Byy Ven Sreenivasan WHILE the liquidity-driven market rally is lifting all stocks, it is the shares of companies which are fundamentally sound and focussed on core businesses that will sustain their uptrend. One such stock is that
      294 words
    • 681 4  -  I-I I comment STOCKS ven sreenivasan NEWS affirming a pick-up in US economic health and the shadow of an emerging bull on Wall Street powered the local market yesterday to one of its strongest sessions in weeks. And in a sign that sentiment
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    • 589 4  -  hi i comment CURRENCIES larry wee THE US dollar enjoyed a handsome bounce against major counterparts such as the euro in Asian trading yesterday when a host of factors bought it a respite at least for the moment. A Wall Street surge
      Source: Reuters  -  589 words
  • 3468 4 UNIT TRUSTS FUNDS Com Global Health Index Fd 0 814/ Com Global Telecom Index Fd 0 438/ Com Global tnfotec index Fd!** 0 298/ MM (no ImI Mgt (vparai Com Global Energy Index Fd 0 845/ Star Europe Eqty!** 0.63» Com Global TraveTIndex Fd 0.652/ Star Europe Bo 1325/ Com
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  • SINGAPORE companies
    • 639 5  -  Sale to CYC Asia Pacific, JP Morgan Partners is on heels of Sing Post IPO Byl Tang Weng Fai ENDING months of speculation, CVC Asia Pacific and JP Morgan Partners Asia (JPMPA) will buy Singapore Telecom's Yellow Pages (SYP) directory business for $220 million in a
      639 words
    • 713 5  -  ITO!J!lk>ck siew siow li sen IT is a common perception that foreign banks are usually more expensive when it comes to providing services to companies. But a recent survey of Asian corporates had them ranking Standard Chartered the number one bank in
      713 words
    • 306 5  -  By Vince Chong BELEAGUERED Inno-Pa-cific Holdings has appealed apparently without success against the decisions of two government departments. In the group's annual report, chairman Moehamad Izat Emir said Inno-Pac appealed to the Commercial Affairs Department (CAD) to allow the sale proceeds of Links
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    • 380 6  -  :i1 exclusive! It cites risk of non-recoverability if it wins appeal By] Michelle Quah LOSS-MAKING e-services provider ei-nets Ltd has asked the court to hold off on its order, asking the company to pay damages to a former executive who had sued the
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    • 556 6 Bloomberg CHARTERED Semiconductor Manufacturing, the world's fourth-largest supplier of made-to-order chips, may add to growing evidence of a recovery in semiconductor demand when it briefs investors today, analysts said. Chartered, which has so far posted nine consecutive quarterly losses, has been winning
      Bloomberg  -  556 words
    • 601 6  -  The unit trust is 50-50 weighted in bonds and equities By i Genevieve Cua LOW deposit rates plus the desire for capital stability have whetted investors' appetite for the latest hot theme unit trusts with a promised dividend or income distribution.
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    • COMPANYBriefs
      • 64 6 DBS Bank said its processing and servicing division has successfully achieved the Singapore Quality Class (SQC) certification award by SPRING Singapore. This makes DBS one of the first organisations here to have its entire processing and servicing operations certified. The SQC scheme recognises organisations that
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      • 104 6 ANDREW Tjioe's Tung Lok Restaurants is changing the concept of the largest restaurant in its group, Imperium Chinese Dining into a banquet-only restaurant. From June 1, the 650-seat restaurant in Ngee Ann City will no longer serve walk-in customers and. instead, entertain only events
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      • 74 6 UOB Asia Limited said all application monies received via electronic share applications for EC-Asia International shares have been refunded through the applicants' bank accounts on May 30. As of yesterday, all application monies received from manual applications have been refunded via refund cheques through the mail.
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      • 107 6 IPCO International has pulled out of a HK$304 million (S$67.4 million) deal to buy a 26.4 per cent stake in Heng Fung Holdings' China Gas Holdings following its due dilligence investigation. The mainboard-listed firm had in March entered into a conditional sale and purchase
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      • 75 6 NEPTUNE Orient Lines yesterday said Ang Kong Hua and Willie Cheng have joined its board. Mr Ang joins as vice-chairman while Timothy James Rhein, a director, will assume chairmanship at wholly-owned APL Logistics from Cheng Wai Keung, who will remain as a director. Meanwhile,
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      • 49 6 INTRACO Limited said its deputy chief executive Leong Siew Hay resigned from the company on May 30. Mr Leong joined the company in January 1988 and was appointed deputy chief executive on Dec 19,2001. The Intraco group did not give any reasons for his resignation.
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      • 137 6 MAINBOARD-LISTED Kl Ventures returned to the black for the first nine months of the year ended March 31 with net profits of $8.7 million, from a loss of $54.4 million in the previous corresponding period. Turnover rose to $50.9 million, from $34.3 million, boosted
        137 words
      • 81 6 FILM capacitor-maker Europtronic Group said yesterday that higher sales in China have led to a more than two-fold increase in net profits to $2.3 million for the first quarter ended March 31, against f the previous corresponding three months, with turnover rising 14.7 per
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      • 68 6 BRILLIANT Manufacturing chairman Koh Soe Khon has reaped $6.8 million from the disposal of a 4.3 per cent stake, or 20 million shares, in the computer peripherals maker. In a statement to the Singapore Exchange yesterday, Brilliant said that the shares were sold at 34
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  • Page 5 Advertisements
    • 68 5 Wtr «l I^^ A W9 BR B rjtmmmWfr AA>- i ,.*M£ *«e^ V a B wf« iB B imBHIB S k B BT If IPiMm -Jr |iW'« j^BH > |fl4|| Bl A^^^flGnftrai «t lylliPfe' i You never actually own a Patek Philippe. jJ^r You merely jggj take care of it
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  • Page 6 Advertisements
    • 458 6 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIACHEMHUB.COM PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of
      458 words
    • 173 6 Lambda prints/ duratrans/ duradear Print direct from digital files/ CD/ zip/ email up to 50"X I inkjet print •banner vinyl sticker «silk screen window displays exhibitions *wall murals *mrt underpass *bus stop posters food trans food library .signages «lightboxes «van stickers High resolution trans scanning *CD Duplication Artwork design Albert*
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    • 34 6 /fi v j I Spring Court 1 I The Oldest U»/ Chinese ResUnmsnt in Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to one per table with min. order of $50 oawanb. gg
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    • 109 6 Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch (Sat, Sunt Public Holidays): $2740 (Adult). $17 (Child*) Dinner (Nightly): $2840 (Adult), $17.50 (Chid*) For reservations, please call 6290 8005/6299 9011. Prices subject to service charge 4. govt taxes Including GST Available
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    • 39 6 MERITUS MANDARIN SINGAPORE T MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: 6831 6291 Col(»»houi* MERITUS f MANDARIN tVtii' 333 Orchard Road. Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
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  • SINGAPORE news
    • 390 7  -  =1 on the economy wholesale prices MPPI rises 2.3% yoy despite 1.2% drop in prices of non-oil products By] Kenneth Lim MINERAL fuel prices dictated overall wholesale price movements in April despite opposite changes in non-oil sectors. The manufactured products price index (MPPI), which
      Source: DOS  -  390 words
    • NEWSRoundup
      • 134 7 COMMERCIAL tenants ofNTUC Income will receive property tax rebates worth 20 per cent of one mqpth's gross rental in the later half of this year. The payouts, worth a total of $840,000, are savings passed on from government rebates announced in the 2003 Budget
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      • 67 7 FORMER chief of defence force Lt-Gen Lim Chuan Poh, 41, will be the Education Ministry's Second Permanent Secretary on July 1. Details about his new duties were not immediately available. A Singapore Armed Forces (SAF) Overseas Scholar, Lt-Gen Lim joined the SAF in 1980 and
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    • 402 7  -  Senior officials table regional strategy to trade ministers this week By" Yang Razali Kassim AN ASIA Pacific-wide strategy to view the Severe Acute Respiratory Syndrome (Sars) outbreak as an economic threat and to combat it is in place. Developed by senior officials from 21
      402 words
    • 219 7 VENTURE Corporation chief Wong Ngit Liong goes to Monaco this week to become Singapore's first representative at the World Entrepreneur of the Year Award. He will face 25 other business hotshots from around the world. The event, now in its third year,
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    • 448 8  -  Singaporeans adopt a wait-and-see attitude By\ Leonard Lim SINGAPOREANS are not biting although Malaysia is angling for their interest in a second home in the country. "Thanks, but maybe not at the moment", sums up the response from property analysts and people when
      448 words
    • 222 8 A SMALLISH freehold development in Pasir Panjang Road is the latest on a growing list of properties up for en bloc sale. The mortgagee sale of the 49-unit Pacific View is being handled by Colliers International. But it's an en bloc sale with
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    • 165 8 THE Urban Redevelopment Authority yesterday announced a trial scheme to allow mobile food and bevjerage vans to operate in five URA carparks during morning off-peak hours. The one-year pilot scheme i? in response to requests for such vans to cater to office
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  • Page 7 Advertisements
    • 91 7 J HP' OW British Virgin Island* S Cayman Islands B Bahamas S Mauritius Pp t Hongkong i ZZ~. Samoa Full nomine®, management, corporate secretarial, banking and professional administration services are available. We also specialize in offshore trusts, offshore banks, and captive HI insurance companies for qualified applicants. B For further
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    • 120 7 HONDA The Power of Dreams I ALWAYS HAVE A FLEET AT MY COMMAND. i c k lIJ mm *************************11 Get direct access to a fleet of Anewconce P to,mobilit V- Honda Diracc gives your company direct access U «i n m I I to a fleet of executive cars whenever
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  • Article, Illustration
    1058 8 Transaction date.Jun 2 DITERBAMg CROSS RATES AS C$ »t Euro jg$ lad ta RupUH Yen Won RM N2$ Pah Bs Peso S> land Sfr WT$ 8«trt Pond US$ Australia 0.892 5-390 0.556 5.066 30.675 ***** 0.771 7.830 2.468 1.128 37.497 34.592 1124 5.304 0.849 22.539 27.089 0.399 0.650 Canada
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  • 1554 8 SICOM FUTURES Jun2 tUBBER Futarei (Ommq prim) KSKScMfefe) CtoM Mm Open Wwtt m* U» Sett ffww) hrtftst J* 03 176.00 Aug 03 ***** Sep 03 169.00 Oct/Dec 03 *6.75 BSS 3 (US ccats/kg) Votaw OpM ttwtt w# Uw Sett (toww) lotemt Jul 03 99.75 99.75 ***** 425 4650 Aug
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  • FOCUS property
    • 964 9  -  Managing your company's real estate requirements well could save it a bundle, says Brace Rutherford Bruce Rutherford COST reduction is an important task for companies today. For most non-manufac-turing firms, real estate is their second or third-highest cost after human resources and technology. For manufacturing companies,
      FILE PICTURE  -  964 words
  • Page 9 Advertisements
    • 447 9 C4ftfr4teiaao29ftt22 IN THE MATTER OF THE COMPANIES ACT, CAP. SO PURSUANT TO SECTION 29WSXB) AND IN THE MATTER OF NEXUS GATEWAY PTE LTD Incorporated in the Republic of Singapore) Al an Extraordinary General Meeting of the abovenamed Company duly convened and held at 26 Ayer Rajah Crescent #02-03 S( *****4)
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    • 220 9 3-STOREY BUILDING (FORMERLY LIWAGU CINEMA) BEDOK TOWN CENTRE Near Bedok MRT Station/Bus interchange, popular market/hawker centre,Bedok _•> Sports Hall and Stadium Site Area: 1,500 sq.m. approx. Floor Area: 2,900 sq.m. approx. 99-year leasehold from Ist June 1980 Currently leased to established S-League Change of use possible For Sale by Tender
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    • 283 9 MORTGAGEE SALE BY TENDER 19 LORONG 8 TOA PAYOH Purpose-built 6-storey industrial building Easily accessible via PIE (XE and near HDB Huh Site Area: 5,456.8 sq m approx. Floor Area: 8,560 sq.m. approx. BKt 30+ 30 years HDB lease from 1 March 1993 MT, m ~M Large car parking compound
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  • Page 10 Advertisements
    • 179 10 SSjK t» 'fl&i VI '-4 .A'* *t f V J -r?3l V i<&*& 'm- *y*v J9ldijhoW 12- arlD aQ i w •I'v m «MVi 'i>' > i tio V T > 2' v. v i r>-* v 3s'* V X aV*r. v > (fivj Js3 4 IM^-*ii 1 j 1
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  • Page 11 Advertisements
    • 74 11 >• S Or'*-' -v i* --.v- 3- i I I Deutsche Post World Net MAIL EXPRESS LOGISTICS FINANCE iWi^S ®®®Bp®BBEHh Svnj stf 1 *r k w^*l P -rVt >v *v- »-'fc "T* 1 I wHI Deutsche Post j express delivery, For a more tailored IHHHHHHIIHHHHHHHHHI^HI^^H mmmmmm jbbmv .^BHHH^F j kvm
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  • EDITORIAL & opinion
    • 765 12  -  HTTT^ I bottom line OPINION anthony rowley THERE is a joke that in Japan, because of the state of legal limbo in which the nation's armed forces have operated since World War Two, army tanks rushing to repel an invading force would have to
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    • 73 12 'Many laws and regulations are brazenly at odds with provisions of the Constitution. But we have another problem: Who has the right to interpret the Constitution?' -HeWeif&ng editor of the 'Beijing University Law Journalon protection of downtrodden migrant workers in the cities. 'If you remain silent and
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    • 589 12 EDITORIAL GETTING more companies to implement wage reform, it seems, is proving more difficult than winning workers over to the idea But without the support of companies, the government's efforts to make the wage system more flexible cannot succeed. There are two planks to the
      589 words
    • 1088 12  -  The disease is transforming the region in the four critical areas of politics, economics, sociology and regional mindset By Eric Teo THE Asian financial crisis of 1997-98 is recognised to have begun a transformation of East Asia and East Asian societies,
      AFP  -  1,088 words
    • 247 12  -  MAILI »TiT»l Christina Chua Singapore I REFER to the article "KL invites S'poreans to live or retire in Malaysia" (BT, May 31). Singaporeans need not be reminded of Malaysia's duplicity and hypocrisy when it comes to dealing with the special status of foreigners known as Singaporeans.
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    • 245 12  -  Leong Sze Hian Singapore I REFER to the article "S'pore to get Ist no-ex-penses unit trusts" by Genevieve Cua (BT, May 19). It states that the firm will take a performance fee of 30 per cent a year, which kicks in when returns begin
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    • 251 12  -  Simon Ng Yap Peng Singapore IT is laudable that the Ministry of Education has relaxed its rules on foreign students travelling to non-Sars-affected areas. However, there are still rules, including paying a $1,000 deposit, to discourage them from travelling to Sarsaffected countries. The partial
      251 words

  • REGIONAL news
    • NOTEBook
      • 102 13 Bloomberg [HONG KONG] Hong Kong's anti-graft body said it arrested 20 people on Sunday and yesterday, including the chairwoman of a publicly listed company and a former bank officer, for suspected corruption related to bank loans. The other people include three current and a former
        Bloomberg  -  102 words
      • 91 13 Reuters [KUALA LUMPUR] Malaysia International Shipping Corp Bhd (MISC) is in talks with two groups of banks led by Citibank and HSBC to raise at least US$445 million to fund the purchase of American Eagle Tankers (AET), an industry source said yesterday. "The two groups have
        Reuters  -  91 words
      • 116 13 AFP AP Bloomberg [BEIJING] China yesterday reported no new cases of Sars for the first time since it began releasing figures on April 20 about cases of the respiratory virus. Two new deaths were reported, one in Inner Mongolia province and one in Zhejiang
        AFP; AP; Bloomberg  -  116 words
      • 68 13 Reuters [CANBERRA] An Indonesian minister was left filming yesterday when guards at Australia's national parliament held him up so long for security checks that a meeting had to be cancelled. Indonesian Justice Minister Yusril Ihza Mahendra was scheduled to meet Australia's Attorney-General Daryl Williams in parliament
        Reuters  -  68 words
      • 148 13 Bloomberg [KUALA LUMPUR] Genting Bhd, Asia's biggest casino group by sales, said it paid U5527.58 million to buy a unit of US-based NRG Energy Inc, which owns a stake in a power plant in India, as it seeks to expand its power business.
        Bloomberg  -  148 words
    • 241 13 KUALA LUMPUR Reuters MALAYSIA will open the door to foreign Islamic banks and introduce new measures to help the country emerge as a regional hub for Islamic finance, its central bank chief said yesterday. Islamic banking accounts for 9.2 per cent of Malaysia's
      Reuters  -  241 words
    • 600 13  -  Problems faced include corruption, poor investment climate, lack of law From Shoeb Kagda in Jakarta INDONESIA was yesterday urged to work harder to improve the country's investment climate at the midyear meeting of the Consultative Group on Indonesia (CGI), although it received praise for restoring
      THE JAKARTA POST  -  600 words
    • 326 13  -  Frornl Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S exports grew a better-than-expected 5.7 per cent year on year in April, boosted by higher crude palm oil, petroleum and LNG prices. Exports of electronic components were down 5.5 per cent an improvement from the 11.4
      326 words
    • 705 14 CHINA CRACKDOWN Shares of his firms, two China property developers, suspended in HE Bloomberg [HONG KONG] Shares of two Chinese property developers, controlled by a man described by Forbes magazine as China's llth-richest, were suspended in Hong Kong amid reports the owner and his
      Bloomberg  -  705 words
    • 366 14 U BEIJING AFP YANG Bin, a Dutch-Chinese tycoon chosen by North Korea to run an experimental economic zone, will go on trial on June 12, charged with massive fraud, his company said yesterday. "Yang will go on trial on
      AFP; APPLE DAILY  -  366 words
    • 280 14 SHANGHAI Reuters CHINA'S welfare fund is expected to let six fund management companies begin investing about US$6 billion of social security funds in domestic securities markets for the first time, state newspapers said yesterday. The fund managers are likely to receive final
      Reuters  -  280 words
  • Page 13 Advertisements
    • 84 13 If around the world, the red "K" Line logo is recognized as a symbol of speedy, reliable shipping and handling, over the seas and on land. it embodies the 'K' 1 Line ideals service, innovation and strength. Our global network is among the most extensive in the world. And our
      84 words
    • 1145 13 Notices IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF SINGAFONG TRADING CO PTE LTD (IN MEMBERS' VOLUNTARY WINDING-L'P) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50. that a Final Meeting of the Members of
      1,145 words

  • 4779 14 Transaction date: Jun 2 HONG KONG v*i wcRmri. 1.59 0.01 2709 HIS W- 000 Hong Kong Electric 31.40 0.30 4071 Hongkong Chinese 0.86 0.04 8932 Alpha General...- 0-25 0.01 110 Hongkong Chinese Ltd 0.86 0.04 8932 AnandaWingOn 0.01 imch 0 Hopewell Holdings 7 70 0J0 7578 Angang New
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  • Page 14 Advertisements
    • 322 14 SINGATRONICS LIMITED I (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of Singatronics Limited ("Singatronics") will be held on 26 June 2003 at Mandarin Court A, 4th Floor, Grand Tower, Meritus Mandarin Singapore, 333 Orchard
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  • WORLD news
    • 392 15 EVIAN, France Leaders agree there's no need to intervene to calm currency markets AFP Reuters US PRESIDENT George W Bush said yesterday the United States would continue to pursue a strong dollar policy, a Japanese foreign ministry spokesman reported here. "The
      AFP; Reuters  -  392 words
    • 483 15 LATEST US INDICATORS Bloomberg US manufacturing improved last month for the first time since December, suggesting the worst may be over for factories that slowed production during the war in Iraq, an industry report showed. The Institute for Supply Management's (ISM) manufacturing index rose
      Bloomberg  -  483 words
    • 358 15 BOURNEMOUTH, England AFP BRITISH Telecom could be hit by strikes if it persists in transferring call-centre jobs to India or other parts of Asia, a big British labour union warned yesterday. The Communication Workers Union (CWU) said up to
      AFP  -  358 words
    • WORLDWatch
      • 107 15 Reuters [VIENNA] European Central Bank council member Klaus Liebscher yesterday said the euro's rise was no reason to worry. Asked about the euro's appreciation versus the dollar, Mr Liebscher told journalists: "I see it as not dramatic. If you look at the dollar relation
        Reuters  -  107 words
      • 84 15 NYT [NEW YORK] The Random House division of Bertelsmann has stepped forward once again in the bidding for the books division of AOL Time Warner, people briefed on the auction say. The involvement of Random House, the largest consumer publisher, raises the possibility that
        NYT  -  84 words
      • 83 15 Reuters [NEW YORK] The collapse of motherboard sales in Taiwan may raise questions about the valuation of Intel Corp's shares at current levels, said a report in this week's Barron's newspaper. It reported that Samuel Liu of Taipei's Microstar International, a leading motherboard manufacturer,
        Reuters  -  83 words
      • 67 15 Bloomberg [NEW YORK] Citigroup has toppled perennial No 1 Credit Suisse First Boston as the leading underwriter of high-yield, high-risk junk bonds. Citigroup earned about US$253 million in fees for arranging US$lO.l billion of sales this year, according to data compiled by Bloomberg. Credit Suisse,
        Bloomberg  -  67 words
    • 289 15 WASHINGTON AFP SOME eight million low-income US taxpayers earning between U559,300 and U5554,200 a year have been left out of the US$35O billion tax cut signed into law by President George Bush last week, according to a new analysis. The findings were
      AFP  -  289 words
    • 267 16 LONDON Steps may inclnde laws to cap pay-offs, changes to disclosure role Reuters BRITAIN'S Department of Trade and Industry (DTI) will publish a consultation paper this week urging companies and their shareholders to get to grips with the heated issue of executive pay,
      Reuters  -  267 words
    • 285 16 GENEVA Reuters A RECENT flood of funds into highyield debt ignores sluggish signs of a pickup in the global economy, focusing on a potentially overly-optimistic corporate recovery, the Bank for International Settlements (BIS) said. In its June quarterly review, the Basel-based BIS noted that investors,
      Reuters  -  285 words
  • 2258 15 Transaction date: Jun 2 KUALA LUMPUR ,S S SS ASM Realty 0.75 -0 04 4 Gl^rc^aTech*jg 2? Abric 070 -003 22 GtomacBhd 1.66 unch 481 Acpirxiistr*,I:::::::::::... 2* und, 9 22 11 nis ss ISST-* S3 S JEST*- iX '2 re 098 2 01 41 GotstaSynwgy 0.98 0.14 21 ia
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  • 816 15 Transaction date.Jun 2 awt—« m Ot ot» t i aw owl Afcnen 50c 0.41 OJK *0025 NaOtMl 50c 0 55 2 450 *0.010 <5? OM 5.400 *0.150 OC»C Ml 9350 *0150 CaprtaUnd 1 16 1200 *0.030 OUC 054 6.250 *0.100 Char SwniCond 2Cc 103 0935 *0055 P»taw*H25c OM 0.755
    816 words
  • 549 15 BONDS WARRANTS Last Vol Con* liar *d!k Gmt-mS Company S4t (000 Ratio Prtu lup U«l ASTIW*****1 1 16 52 2.42 12 Acma Ltd W0411K 2 0.5 645 1 50 373 5.50 17 Amtek W*****0 60.5 3 51 1 33 1 1.53 24 Armstrong W*****0 2.5 0.5 205 1 10 19
    549 words

  • 6332 16 Transaction date: Jun 2 S2-M Last Vol Day Last Quote GrOiv Mr GrVW Net MCap W0i low Cb—im Sate W- COOP) HW» lour —yr i«IUr S Cvr P/E jmt ABNAmroNLG 56c 9 12 34 1388 16.5 9 ACE Dyrvamics20c 15cd +0 5 149 15.5 15 14 5 15.5
    6,332 words
  • 65 16 hmTL On IjmQof GrM* 0h> GrtW MM MCjd "y L 1 C '*M"I rwoi Low «D«r S«fcr Cw m >3 9610 99 Diamonds US8780cd 4020 2700 ISDJUSTcch l>S3740cd 555 555 l5MSCI5pore U5555 ***** 8200 ISSAP500 U*****cd ***** 92(0 STOHS U*****cd *1370 9650 9650 9650 1700 1210 ST1ETM00 1425
    65 words
  • 1706 16 U« M Oqr Last Quote GrOw M» GrVM MM MCac imm ciwpwi sttt w- com L—. rn*m nam cw HI >3 *j»<Wgs St MS -1 320 155 14.S 14.5 15 28 n 2? 206 21 20 20 5 21 27 2.6 6 6 7.5 18 41 10 AS
    1,706 words
  • 335 16 UM last Vol Day LMtQmte GrfMv Dtv GrtM MM MCap M# u» Cowpiny Salt w- r»0H L—r 8»r«r U/km CV W SJ 140 81 AVJenrwngs A25c A138cd unch 300 140 138 138 139 40 3.4 72 8 297 Cathay Pac 20c HK720 265 2 1 7 4 6
    335 words
  • Page 16 Miscellaneous
    • 195 16 CRYPTIC CROSSWORD punched (7) 28 T gets so replicated by them 8 la shows a s,udent in 8 lcicle 9 Nigerian, 10 Termt(7) au (7) nus, 11 Loathe, 12 Pastrami, 13 14 One who helps to shed the Recess, 15 Narrow, 18 Gar--00 WN <e l2f goyle, 20 Hit-men, 21
      195 words

  • FOCUS enterprise
    • 637 17  -  Even the most hnmble of businesses can be models of inspiration By Anna Teo ALL the talk about entrepreneurs and enterprise should either inspire or possibly leave some even those itching to take the plunge a little daunted. Feeling like they may have missed the boat,
      637 words
    • 753 17  -  BBS Electronics CEO Jerry Hui tells Daniel Buenas what distributorships can do to survive Daniel Buenas JERRY Hui, chief executive of electronics distributor BBS Electronics, is worried for his industry. Indeed, Mr Hui a Hong Kong-born Australian citizen who was promoted to CEO
      CHRIS LOH  -  753 words
    • 189 17 NOMINATIONS are now open for the 9th Enterprise 50 ranking. Companies have to nominate themselves by completing the 2003 Nomination Form. Forms are available from: The Enterprise 50 Secretariat, Accenture, 250 North Bridge Road, #33-00 Raffles City Tower, Singapore *****1 Hotline: 6410 8003, Fax: 6410
      189 words
  • Page 17 Advertisements
    • 1469 17 Notices CHEMICAL INDUSTRIES (FAR EAST) LIMITED. 3 JALAN SAMULUN, SINGAPORE *****7. TEL: 6265 0411 FAX: 6265 6690 i-te.j V. (35K) PS 3 NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Thirty-ninth Annual General Meeting of Chemical Industries (Far East) Limited will be held at the Registered Office of the
      1,469 words

  • Page 18 Advertisements
    • 162 18 the ERNST YOUNG ENTREPRENEUR OF THE YEAR AWARDS are held in more than 150 cities across 35 nations worldwide, to recognize and celebrate the success and exceptional achievements of the world's most outstanding entrepreneurs each year. Nominations are now open for the Ernst Young Entrepreneur Of The Year Singapore 2003.
      162 words

  • SHIPPING TIMES
    • 278 19 Reuters THE Baltic Dry Index tell 18 points to 2127, the Baltic Capesize Index fell 84 points to 2792, the Baltic Panamax Index fell 4 points to 2078 and the Baltic Handymax Index fell 148 points to *****. TIME-CHARTER: Tian Li Hai (built 1999) *****0 dwt delivery Shanghai
      Reuters  -  278 words
    • 275 19 MX '000 Jm2 s$ *h »*t CWT Distribution 0.S9 unch 0 CHuan Hup 0.39 0.01 2131 Ol Off short 0.21 0.01 212 Gosco Investment—0.26 unch 1586 r reqht Unhs 0.05 unch 940 GB Moldings 0.65 unch 50 Jaya Holdings 0.34 0.01 1856 <*oo*i Corp 4.44 0.04 1607 Kl
      275 words
    • 602 19  -  Closer int'l cooperation on maritime security issues needed: Tony Tan By Beth Jinks [SINGAPORE] Singapore is making "good progress" in security pre-screening of US-bound cargo containers less than three months after US Customs officers were posted at the port, according to Deputy Prime
      AP  -  602 words
    • 116 19 Reuters [TOKYO] Visitors looking at a North Korean spy ship (above and right), sunk in a gunbattle with Japan Coast Guard vessels, displayed at Tokyo's Museum of Maritime Science on Sunday. More than 12,000 people visited the museum to see the rusted vessel
      Reuters  -  116 words
    • 246 19 Bloomberg [ST PETERSBURG] Finland and Denmark called on the Baltic countries to ban oil tankers with single hulls to increase safety at sea and avoid oil spills similar to the one caused last year by the sinking of the tanker Prestige near Spain.
      Bloomberg  -  246 words
    • 165 19 Reuters [MANILA] Philippine-based International Container Terminal Services Inc (ICTSI) said yesterday it had acquired the Baltic container terminal in Gdynia, Poland, for US$4l million. ICTSI president Enrique Razon said in a statement that investments in the Polish port could run up to US$BO million
      Reuters  -  165 words
    • 446 19 Govt's 15% stake is worth aronnd 304b won Bloomberg (SEOUL] South Korea will set the price today for its sale of a 15 per cent stake in Daewoo Shipbuilding Marine Engineering Co as it recoups money spent bailing out the world's second-larg-est shipbuilder,
      Bloomberg  -  446 words
    • PORTShots
      • 35 19 Reuters [CHICAGO] Carnival Corp, the world's largest cruise company, said an over-allotment option was exercised on US$ll6 million of senior convertible securities in a previously announced private placement of the securities.—Reuters
        Reuters  -  35 words
      • 99 19 Reuters [RIGA] The Latvian Shipping Company (Lasco) said it planned a major overhaul to renew its mid-size tanker fleet by 2010, ridding it of Soviet-era "rust buckets" and getting in line with new EU rules. Lasco deputy chairman Girts Rungainis said the company also
        Reuters  -  99 words
    • SUBIC bay
      • 879 20 Subic is now a bustling freeport and a top eco-tourism attraction a decade after US troops abandoned the Philippine facility AFP [SUBIC, Philippines] WHEN the last US naval ship sailed out of Subic Bay in the Philippines in 1992, so did the GI Joe-dollars that
        AFP; REUTERS  -  879 words
    • 124 20 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 KienHung 5
      124 words
    • 8782 24 THEBUSINESSTIMES EXPORT ETA ETA Advertiser VtuH Voyag* Telephone ETA ETA Advertiser Vnm Voyage Telephone SIN Desf n Nam* Nam* Number Number SIN Deifn Neme Number Number M/04 22/06 Hyundai MM HY STRIDE 057W 45******44 To ABIDJAN (ABJ) 2003 Cot* D'lVOir* M/06 22/06 IRISL IRAN KERMAN PCL 315 65******44
      8,782 words
    • SHIPS IN PORT
      • 455 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL JQZAN MARU 49 J4/5 A/SIDE 03/06 0800 «BOHOR 18 2308R J15 A/SIDE 03/06 0630 WESTERMOOR 001E J18/19 A/SIDE 03/06 0500 YOUNGSPRING 11A J22/23 A/SIDE 03/06 2300 AGUSINDAH *****3 J2 03/06 1100 03/06 2000 °AT9IA JB0601 J7 03/06 1000 03/06
        455 words
      • 1997 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX DAHUA 062N 062N 1 03/*****3-0830 03/06/******00 T04 ACX RAFFLES 078S 078S 1 03/06/2003 1030 ********** 00 T03 ALAMJAYA 2 8847N 8847N J **********:00 *****003 2330 ALAMJAVA 2 8848 8848
        1,997 words
      • 137 25 Jon 4 Hongkong: Tuen Ng Festival. Taiwan: Dragon Boat Festival. Jon 6 S Korea: Memorial. Jun7 Malaysia: King's Birthday Jon 9 Australia: Queen's Birthday. France: Whit Monday. Germany: Whit Monday. Jan 12 Philippines: Independ Day. Jon 19 Brazil: Corpus Christ Day. Jan 24 Philippines: Manila Day. Jail China:
        137 words
      • 830 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        830 words
      • 501 25 C«rbon 180 Mai 992.2 0.5 15.7 0.07 45 0.03 Mm* m D#n*itv Nittr Residue Ash Aluminium Sediment Mo ibovt £25 3 0 4 0 *li! =22! 380 Ave 984.0 0J 14.0 0.04 21 0.02 380 Mai 995.0 0.7 18.0 0.07 74 0.09 U/tri S m/m m/m
        501 words
    • AIR & LAND transport
      • 476 26 Pilots to accept wage cats and more flexible work procedures AP [TORONTO] Air Canada reached a tentative agreement on Sunday with the union representing its 3,150 pilots on cutbacks, clearing a crucial hurdle in its effort to restructure under bankruptcy protection. The agreement
        AP  -  476 words
      • 252 26 AFP [PARIS] Eighty per cent of scheduled airline flights to and from France were likely to be cancelled today due to a strike by air traffic controllers over pension benefits, airport authorities said. The civil aviation authority DGAC said earlier
        AFP  -  252 words
      • 474 26 Some of the 71 planes that had been grounded now back in the air Reuters [WASHINGTON] Signs of a recovery in air traffic have prompted Deutsche Lufthansa to bring grounded planes back into service, but the airline still expects to make a
        Reuters  -  474 words
      • 300 26 AP [CANBERRA] The Australian government should be wary of imposing onerous security rules such as full body searches of passengers following an attempted plane hijacking last week, Qantas Airways said. The government said last week it would review security rules at airports after
        AP  -  300 words
      • 143 26 Bloomberg [TOKYO] Japan Airlines System Corp. Asia's biggest carrier, said it will extend a programme to get workers to take unpaid leave to cut costs, because of a slump in travel demand caused by the spread of the Sars virus. The Tokyo-based carrier's
        Bloomberg  -  143 words
      • 225 26 Cnts to Asia flights dne to Sars fears behind move AP [EAGAN, Minnesota] Northwest Airlines expects to furlough 150 more pilots because of cutbacks in Asia flights stemming from travellers' fears about Sars, the union representing its pilots said. Although Northwest said that
        AP  -  225 words
      • 207 26 AFP [BANGKOK] Thai Airways has suffered huge financial losses over recent months as the Sars panic causes passenger numbers to plummet, its president Kanok Abhiradee said yesterday. Mr Kanok told the Bangkok Post that losses in April alone stood at 1.9 billion baht
        AFP  -  207 words
      • 2002 26 cm FLIGHT ETA FUGHT CTD S***** 1555 S***** 2305 IH9H0 an M7K wm LM97 2350 ***** 2235 B m m 2K0 Amsterdam S023 0605 GA974 0130 BSH6 V>m 1540 ***** 0,05 *U37 1455 «U3» 2255 FnkM «53 *25 MF854 1740 S024 2345 fill 0K 50*03 1910
        2,002 words
  • Page 19 Advertisements
    • 97 19 Air Canada, pilots reachJET^H deal BACKPAGE Strike in France today likely to affect 80% of flights back page Subic Bay back in business page 2 EjjJf Moii* \v3 42 Circular Road Singapore *****1 Ti 6S-4536 2029 wwwJDoOy-malooe.com H I Get Shanghai'd at Molly's! I ITT Shipping Industry Night every Tuesday
      97 words

  • Page 20 Advertisements
    • 643 20 I IMPORT I NORTH AMERICA 11 11 AUSTRALIA/NEW ZEALAND I I SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) I VlSStl VOY LC» —5 PRO VESSEL VOT Bit STD Ml U» FRE HN PRC OOCL CALIFORNIA 70W20 21/05 00/04 10/0* ANI AUAMY 1M 24/0$ 24/05 21/05 31/05 03/0* 00/04 10/0*
      643 words
    • 521 20 Lines services represented by Members of the Registry of f ibers of tbe Accredited JS* Singapore Shipping Assoc tcrfion 1 V SULY UNE MALE i „i f VESSEL VOY ETA ETA ETA p. kung vm mu j Princess Lily 0503 04/06 06/06 15/06 Maid Carrier 739 A 13/06 15/06 24/06
      521 words

  • Page 21 Advertisements
    • 1136 21 J TO USA (SAX SERVICE) YlSStl VOT SIN fTA UX OAK DAL HOU CHI CO! M£M Ml NTC apis when oon 04/06 19/06 23/06 24/06 24/06 24/o» 24/06 24/06 27/06 27/06 APIHOUANO 117! 11/0* 26/06 30/06 01/07 01/07 01/07 01/07 01/07 04/07 04/07 APtBtGiAND 1191 11/0* 03.07 07.07 08/07 01/07
      1,136 words
    • 2368 21 r iNUNomnvKinoi SNMAPORIIO BUCK HA vu mr IW ONMMMn 19 DAYS HYCIIVSK (VKKAIHK) 20 DAYS ™b: ■SROMnQniPfiz-«v nio/wn IU; Hniu»/« nul MNXui/n fniriTf IMMBMII M MW COSTAR SHIPPING PTE LTD SMG*TORI O*OOM outwaroco/u mnsmi 423*5325/75 I CWbimTZI (lOMMU) 23 DAYS gm ilflfWMtW TH: 4224 1100 (MM) M*KARO(D/O| MM5744 *****311/41 I
      2,368 words

  • Page 22 Advertisements
    • 1019 22 HMN¥= HYUNDAI MERCHANT MARINE CO., LTD. Hiaipm: CM MO. HO67MOOOOH |vßsa vot "ST sou un rim ant ham |»v [tosh voT|sou|uM|«ni|MT|Hai| m~ "BT Ml PROWESS #07* 30/05 20/0* 71/0* 14/04 10/04 HY DISCOVERY 3141 11/05 07/05 09/05 11/05 31/05 NY INDEPENDENCE 314W 01/04 74/04 11/04 20/04 71/04 IK* PRIORITY 0041
      1,019 words
    • 528 22 WX WAN HAI LINES V 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 more details, call HOTLINE: *****388/1800-*****00 rasa wr m m m ia mm m ASIA CXPtESS USA
      528 words
    • 685 22 BSA i: MYANMA ij BB FIVE STAR UNE (Mvmmmm Notioaol Um) Loofag for Ym|m vessel voy SIN PU PEN pw PAGAN 306W $10 4 HPA-AN 307W SIS 4 IN MALAYSIA: IOUSTEAD SNIPPING AGENCIES KUL 03-*****300 PKL 03-317*4101 PEN: 04-2****** mi BANK LINE (A stfvkt of hdnm Wtir SUpfHiq) I NOKTHiOUND
      685 words

  • Page 23 Advertisements
    • 1167 23 •7 JytSSIL VOY KHH HKO I SIN I PKL I DX» tAB DMM UK 1 UNDAVIA PCL 314 ***** 04/06 07/06 OR/06 15/06 16/06 M/ 06 24/06 IRAN KERMAN PCI 315 10/06 11/06 14/06 15/06 22/06 23/06 29/06 01/07 IRAN ISFAHAN PCL 316 17/06 IS/06 21/06 22/06 29/06 30/06 05/07
      1,167 words
    • 520 23 I k UK CONTINENT SERVICE Loading tor SMART RDM/ATW/BMN/UK/NAN GULSER ANA RDM/ATW/BMN/UK/NAN EVANGEUSTRIA RDM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia Indonesia MIDDLE-EAST SERVICE Loading for PACIFIC SUN II JDH/AQA MARILIS T DBl/ABU/DOH/BRN/DMM/KWT J SAFE DBl/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA •Loads Sngapore. EVW. Malaysia. Indonesia USA SERVICE Loadrig tor ALFONSO MZL/LAX/VCW SEA BEE CAM/NFK/SAV/NOL
      520 words
    • 941 23 5a *2i m EH -ffisa m MI «T PXOAMPA ma 04/0* 05/0* mm M M/M 00/0* mum 0963 M 85£t o*zot_ rttMTHi sm asm iiza*— ncwmk MM* 07/0* 07/ M iIiMUTI 7 M 11/04 11/OA WOAHPA Wtsw 00/o* sszst— Ncwmw 9205 I 14/0* l*/0* M,um OMM U/M 10/o* mmmmrrnwnmrfTT^^mm mm*
      941 words


  • Page 25 Miscellaneous
    • 112 25 Issued by Meteorological Service Division.NEA LEGEND: i Thunderstorm Wind speed symbols *v Showers Full circle w/o line indicates calm or light and variable winds •0 R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots tojrc- Hazy A -One solid triangle represents
      112 words