The Business Times, 4 June 2003

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Total Pages: 28
1 28 The Business Times
  • 14 1 850 MfTA (P) 024/03/2003 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg WEDNESDAY, JUNE 4, 2003
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  • 568 1  -  S'pore has rules that adequately protect shareholders, it says By Michallo Quah [SINGAPORE] Temasek Holdings said yesterday the expensing of stock options should not be made mandatory for Singapore companies as there are regulations in place here to adequately protect shareholders' interest in
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  • 1009 1  -  Analysts advise flexible approach as market is fraught with uncertainty By Wang Wei Kong [SINGAPORE] The stock market may have paused yesterday after its recent winning streak, but overall it has come a long way from the deep pessimism of March. Singapore
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  • 581 1  -  Demand, output slump in electronics a drag on May index By Anna Teo [SINGAPORE] Further declines in demand and output, particularly in the key electronics industry, drove down the purchasing managers' index (PMI) for a third straight month in May. This is a
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  • 73 1 sn 1,378.39 (-2.33) ST INDEX FUTURES M 82.00 (-8.00) SIMSCI FUTURES 170.00 (-2.00) Tuesday Change KLSECOMP 674.57 +173 NIKKEI 225 8.564.49 +17.32 HANG SENG __.-.9.662.82 *25.29 SET INDEX 403.69 -1.09 JAKARTA COMP .502.43 3.30 MANILA COMP .1.088.8:1 +18.77 TAIPEI WP1 4,678.08 -14.86 SEOl'LCOMP 636.94 -11.77 SHENZHEN B 117.47 -1.18
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  • 76 1 FOREX RATES US$ S$ USS (SS per ISS) 1.726 £(ISS/SS per 1641 2.832 El*RO(l'SS/S$/E). 1.177 1031 YEN 118.7 68.80 RM 3.800 1202 HK$ 7.799 4.519 BAHT 41.54 24.07 RUFIAH 8J35 4,772 RENMINBI 8.299 4.809 INDIAN Rl'PEE..... 46.98 27.22 AS 1.518 0.880 NZ$ 1.723 0.998 PRIME RATES SINGAPORE* 5.25 Kl'ALA
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  • 532 1  -  It sees total overall sales halved to 5,000-5,500 units By Kalpana Rashiwala [SINGAPORE] Property market kingpin Ng Teng Fong's Far East Organization expects to sell about 1,800 private homes and exec condos this year, a hefty increase of nearly 40 per
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  • Page 1 Advertisements
    • 49 1 SEC probing some IBM accounting, Pg 15 SGX live! Track live stock prices and your own portfolios. Read independent analyses and consensus recommendations. Go to BT Markets at http://business-times.asial.com.sg. A free value-added service for BT newspaper subscribers. SINCERE BOUTIQUE SINGAPORE MALAYSIA > > vl-if'hV,' I'.IH lu! C <A III ">>.!•••
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    • 30 1 W£P 1 Raffles Hotel's latest catch: lobster noodles Mapletree CE Khoo Teng Chye steps down MB EooKwntot» put 2003 growth at 1.5%: poll, Pg 8 II ill 8 "*****1 *****4"
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  • NEXT page
    • 583 2  -  Nat Steel gets no hint of tycoon's plans before shareholders meet on dividend issues Catherine Ong [SINGAPORE] No compromise between Nat Steel and tycoon Oei Hong Leong appears in sight as shareholders gather today for a second time to approve payment of a
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    • 498 2  -  Snrprising shopper turnout at Great Sale opening lifts hopes By] Leonard Lim [SINGAPORE] Great expectations are in store this weekend. Retailers across the island, encouraged by surprising sales and traffic on the opening weekend of the Great Singapore Sale, are gearing
      498 words
    • 268 2 AFP [BERLIN] The probability that the United States economy could be facing deflation is low, US Federal Reserve chairman Alan Greenspan told the International Monetary Conference here. Deflation in the US was a "low probability event", Mr Greenspan said in comments relayed
      AFP  -  268 words
    • 683 2  -  But union wants wage restoration instead of one-off amount determined by profit level By Ven Sreenivasan [SINGAPORE] Singapore Airlines is willing to make a one-off lump-sum payment to employees to compensate for pay cuts it wants to impose. but insists that this
      683 words
    • ON THE grapevine
      • 150 2 SINGAPORE'S own women's in-line hockey team is taking a shot at the world title, but it needs financial support. Says team manager Angela Chng, her eyes set on the World Women's Inline Hockey Championships to be held in the Czech Republic: "For many years, having the chance
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      • 186 2 SAW this in Banter, which claims to be Singapore's funny magazine. A woman's husband died. A stickler for perfection, she told the funeral director to have only the best padded chairs and to set the air-conditioning at a perfect 20 degrees so mourners would
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    • 46 2 OUR report yesterday on SingTel's sale of Yellow Pages had Yellow Pages reporting a net profit of $21.1 million for the financial year ended March 2003. The correct reporting period was, in fact, the financial year ended March 2002. We are sorry for the error.
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  • Page 3 Advertisements
    • 118 3 ource of our University of Melbourne University of Hong Kong University o( New South Wales *RuM THEUNIVERStTY OF S3 THE UNIVERSITY OF University of Glasgow JiaiJL MELBOURNE NEW SOUTH WALES uuiycijiiy ui uioj 6 u SYDNEY* 2052»AUSTRALIA University of Nottingham IflU I H» University of university Nottingham GLASGOW University of
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  • SINGAPORE companies
    • 541 4  -  Analysts say its sales growth forecast does not match that of rivals By Deneah Divyanathan THE second-quarter outlook has turned rosier for Chartered Semiconductor Manufacturing, but analysts appear not to be impressed although they see the better numbers as indicating the group's
      FILE PHOTO  -  541 words
    • 569 4  -  Rebonnd tenuous as fundamentals are still mixed: analysts By Daniel Buenas LOCAL tech stocks have rallied over the last month, although some analysts question how long the rebound will last. Over the past few weeks, many tech counters across the board have seen their
      Source: Bloomberg  -  569 words
    • 254 4 AP MOBILEONE, Singapore's second-largest mobile operator, has dropped its plans for high-speed wireless broadband, known as Wi-Fi, after a disappointing trial run earlier this year, the company said yesterday. Mobile One will instead spend up to $150 million over the next
      AP  -  254 words
    • 714 4  -  hock 11.1.1 !W teh hooi ling HONG Kong-based toy manufacturer and distributor Wah Shing International made a rights issue last year, pricing the rights shares at 12 cents each. In the nine months after, the company turned around from a loss of $34.8 million
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    • 545 5  -  IPO WATCH Applications worth $123 m received for shoe maker's offer of 5m shares By Loh Hui Yin SINGAPOREANS have developed a red hot fetish for shoes, putting down $123 million to own a piece of China shoe maker and retailer Hongguo
      545 words
    • 251 5  -  By Kenneth Lim After all the talk, here is the dough. Bread Talk Group, a chain of boutique bakeries, is launching its initial public offering today. And on the IPO menu of the Sesdaq aspirant, headed by founder George Quek, are 32 million
      251 words
    • 202 5 SEI Woo Technologies said yesterday it has lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) for a listing on Sesdaq. HL Bank has been named manager, underwriter and placement agent for the proposed IPO. Sei Woo designs and makes precision moulded components
      202 words
    • 325 5  -  Its market share doubles from a year ago to 4.7% in Q1 By Genevieve Coa JOHN Hancock Life Assurance's assets under management has crossed the $1 billion mark, despite a poor investment environment. In mid-2000, when chief executive David Beynon joined the Singapore firm,
      325 words
    • 382 5  -  His investment vehicle has sold 21% of the firm over the past 3 weeks By Michelle Quah Leong Hin Holdings' managing director Chan Chwee Leong has unloaded more shares in the company, slashing his deemed stake in the firm to about 5.7
      382 words
    • 339 5  -  By Vince Chong AFTER months of speculation, the Meritus Negara Singapore hotel will soon be sold by public tender and its holding company Hotel Negara delisted and wound up afterwards. In a statement yesterday, thinly-traded Hotel Negara, controlled by United Overseas Bank, said
      339 words
    • 70 5 BIL (UK) has given notice to proceed with compulsory acquisition of outstanding shares in London hotelier Thistle. In a statement yesterday, BIL International said valid acceptances now total over 90 per cent of Thistle. As the acquisition is expected to be completed on or shortly after
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  • Page 4 Advertisements
    • 162 4 Ogoesfjj^ iB*T f|t» We bring you the tantalising taste of Thailand in our special Thai Favourites Promotion. Tom Yam Soap, Pad Thai, Mango Salad or Pineapple Rice are just some of the favourites on offer. Cell 6869 2299 for reservations "W/ B a ®Presented Diners Club Credit Card To apply,
      162 words
    • 18 4 fiwflpowinnino m bmm with HK| X PIVfP VflllfT POflD #01-40 OflPKf QUAY SIHGfIPOPf *****2 fOP MSfPVfITIOnS PLfflSf CALL
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    • 48 4 Can't Deckle on a Restaurant? No Problem, Cros%Order |ffom all of at Shima Aji Tien Yuan Kttdwl Local Bite Thai EApreW'* J •Al Dente Trattoria Tha Garlic Restaurant Embassy Rastaurant Bar Entertafhmant }i If Set Meals Available for Lunch Duuter W H«.HW,V_.OI,3AW,F FH4.nßdrM.il. SngiporttflMK Trl 6K3S7W Fw6K3S.mil Jj|m
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    • 55 4 BB -East Meets West" Buffet Hi-tea Every Saturday, Sunday ]x 0 )jl Public Holiday at CaMVanda \\V, 12.00pm-4.30pm Adult $14.00*+* '(G//W> X OmdSlo.oo+++(4-12yrs) l>ateiieM»MliMlMOntiiiTiw' !■>— HonyiKMy Fer parties 25 er mors, eOO $2.00 eer m w awfy Weekend A f—Mvl ftWyHUM $»■<*■» Pacfcae* Free flew of *efl drink, ceffee end
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    • 5 4 Featuring New A-Lo Carte Menu
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  • Page 5 Advertisements
    • 118 5 m^IDEX CEO/GM A USA Subsidiary of integra2ooo Ltd, a leading provider of IT network/infrastructure designs and services, is expanding its operations into Asia and is looking for an experienced candidate to head the Asian operations. Pre-requisites At least 10-15 years' experience in similar industry Relevant degree graduate "Hands-on" in Sales
      118 words
    • 950 5 The Village Centre 8c Adjoining Land Redevelopment Site At South Buona Vista Road/Pasir Panjang Hill •The Village Centre Adjoining Land Established residential enclave Short drive to CBD •NearNUS and Science Parks area 44,623 sq ft (approx.) •Part up to storeys Freehold Tender Closing: 25 June 2003 (Wed), 3.00pm Please contact:
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  • SINGAPORE markets
    • Article, Illustration
      324 6 OTHER SINGAPORE INDICES Jun 3 VALUE CLOSE BT OB/OS 623.00 -198.00 BTCAM -*****.00 -106.00 BT lOniay MA -*****.00 +63.00 AR-SG Equities 375.10 SG Equities Elect 128.74 -0.74 Fin 1158.94 -6.18 SGEqaWMPtOR 355.77 +5.17 MSCI Singapore 170.40 -0.22 SiMSCl Futurw 170.00 -2.00 Stocks Voiunw Goldtron 5c 77,699,000 Chart SemiCond 26c 70,770,000
      324 words
    • 881 6  -  AIM.MdHJMUJ CURRENCIES larry wee SINCE this column was last written in midMay, US stocks and bonds have soared to new 2003 highs, but the hapless US dollar has been forced to new 2003 lows across a broad front. The euro topped the
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    • 676 6  -  STOCKS Appearance of fresh buyers, institutional players, surge in volume are healthy indicators wong wei kong "JACK be nimble, Jack be quick" was JP Morgan's advice to its Singapore clients this week, and it seems many investors are of the same mind,
      676 words
  • 3324 6 UNIT TRUSTS FUNDS Com Global Health Index Fd 0.802/ Com Global Telecom Index Fd 0.43V Com Global Infotec Index Fd!** 0 295/ S£r nmtj Com Global Energy Index Fd 0 835/ Sf r^°?*LT y Com Global Travel Index Fd 0 646/ sSSEc=z===I™ a™*,.™ bo* Fund/- no® Star Asian Tiger Eqty
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  • Page 7 Advertisements
    • 148 7 GLITTERING OPPORTUNITIES MID-YEAR EXHIBITION SALE The Grand Hyatt, Mezzanine Floor, Sir Henry Keppel 11, 4 to 9 June 2003, 11am Bpm Mondial proudly presents a dazzling collection of the latest European designed jewellery acquired at below international market prices. Feast your eyes and satisfy your desire for stunning white and
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  • SINGAPORE news
    • 338 8  -  By Denesh Divyanathan ECONOMISTS now expect gross domestic product (GDP) to grow by just 1.5 per cent this year, down from earlier expectations of a 3.9 per cent growth, said the Monetary Authority of Singapore (MAS) in its latest quarterly survey of professional
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    • 455 8  - The Raffles' latest catch lobster noodles By, Jaime Ee IF you can't get to the lobster noodles, the noodles will get to you. And the dim sum. Pretty soon, the Hong Kong specialities that Singapore's Who's Who make a beeline for the moment they touch down in London will make
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    • 488 8  -  He will lead team at Tem&sek to focus on mega BFC consultancy job By Kalpana Bashiwala MAPLETREE Investments president and CEO Khoo Teng Chye is stepping down and moving to parent Temasek Holdings to focus full-time on the controversial mega Business and Financial
      488 words
    • 316 8  -  By\ Loh Hui Yin ANOTHER leading Singapore law firm, Khattar Wong Partners, has been given permission to open an office in China, joining a host of local law firms that have a presence there. Managing partner Rajan Menon said the new representative office,
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  • Article, Illustration
    1056 8 Transaction date.Jun 3 amnHAWl CROSS RATBS 01 C$ an W Mil Y— WW Ml 82$ Nt t» Nm St *mi Sir Ott 0*t Nw< US$ tastnla 0.901 5.465 0559 5.13* 30.999 ***** 0.782 7.90 2.502 U34 30.025 ***** 1136 1313 0557 22J45 ***** 0.401 0.659 >—too MM 0.621 1702
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  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 252 9 5 i*csL££®/ arE HHHBk*': IF [^^^^^H^^^^^^^^^^HJ|H|^Hffi|^HHßßßj& r I ■PP*M K I^^^^BB^3B^^\ Mlabl:''. r Emmmi*# HIIH^ your cor p° ra t e ema ii g° es I—l you go, securely. I I 1 r^??4 > I I :ol HI H star Hut? Introducing Blackßerry®, the secure wireless solution for corporate email
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  • EDITORIAL & opinion
    • 616 10  -  IIJHEHHi KQinsinjXa OPINION nicholas kristof THE loopiest aspect of the Group of 8 conclave in Evian is the notion that global leaders are confronting the challenges of the 21st century in the absence of the nation that may well dominate the century.
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    • 603 10 EDITORIAL IF, in the years ahead, Singapore still does not become an entrepreneurial society, it won't be for lack of formally supportive government policies. The question is: can a government-led mission to churn out enterprise-minded and business-sawy people bear fruit? As soon as
      603 words
    • 955 10  -  Despite what the columnists are saying, the Americas Empire, though a catchy label, is net in the works From Leon Hadar in Washington IT was not long ago, during the swinging *****, that we were celebrating the coming era of globalisation.
      REUTERS  -  955 words
    • 277 10  -  MAiurrm Ho Kai Weng Singapore DBS Bank recently announced its new DBS iB Message service to improve online transaction authorisation security. While DBS may state that it is encouraging the use of alternative banking channels, the bank is making it extremely difficult for its
      277 words
    • 183 10  -  Denis Distant Singapore SINGAPOREANS have over the years quietly accepted restrictions on chewing gum, spitting, smoking, eating or drinking on public transport, et cetera. But I fear the current sprouting of checkpoints where one h** to complete a Sars declaration and have body temperature
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  • Page 10 Advertisements
    • 187 10 fPocodemy Empowering Ihe Intellect The IP Academy Empowering the Intellect! What is intellectual property, and how can you make it work for you? How can you manage your company's intellectual assets for maximum benefits? 9 How can you boost your career prospects and play a role in Singapore's developing IP
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  • INTELLECTUAL property
    • 1165 11  -  It wants to host activities like IP creation, protection, development and management for companies in Asia-Pacific, says Audrey Tan Audrey Tan Electronics hub, financial services hub, chemicals hub and now intellectual property (IP) hub? In the last two years, there has been
      LOH JAHAN/ST  -  1,165 words
    • 464 11  -  By Denesh Divyanathan COMPANIES pour millions of dollars into research and development each year to come up with ideas and innovations in the hope of unearthing "The Next Big Thing" that will make mega-bucks. But the shocking truth is that despite
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  • Page 11 Advertisements

  • REGIONAL news
    • 475 12 HONGKONG Paper names other assets that may also heap for sale Reuters THE Hong Kong government is considering selling its stake in the upcoming Disneyland theme park to help pay off its massive budget deficit, the Beijing-back-ed Wen Wei Po
      Reuters; FILE PHOTO  -  475 words
    • 339 12  -  SINGAPORE It sets up panel to explore business opportunities Bk Kenneth Lim THE Greater Mekong Subregion (GMS), called "Asia's new commercial frontier" by one banker, is now the focus of exploration by a new committee at Singapore's American Chamber of Commerce (Amcham). Speaking
      339 words
    • 254 12 [SHANGHAI] The revelation that one of Shanghai's leading entrepreneurs wagered Asl22 million (*****.4 million) during 19 visits to a Melbourne casino, and lost Ass million in a single session, has cast light on the gambling habits of China's new
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    • 376 12 HONGKONG Reuters Bloomberg HONG KONG'S graft-bust-ing agency has arrested the wife of one of China's richest men for suspected corruption, a source close to the investigation said yesterday. Mao Yuping, wife of Chinese property tycoon Zhou Zhengyi and chairwoman of Shanghai Merchants
      Reuters; Bloomberg  -  376 words
    • 112 12 Bloomberg [TAIPEI] Taiwan faces risks from delaying financial reforms after lawmakers hampered talks with the government over increasing funds to buy out bad loans, Finance Minister Lin Chuan told reporters. The government, which wants to boost a bad-loan cleanup fund to NT$6BO billion (5533.86
      Bloomberg  -  112 words
    • 498 13 TOKYO/AMSTERDAM Sluggish world economy, Sars impact expected to hit '03, '04 figures Reuters A LEADING semiconductor industry group has scaled down its forecasts for global sales growth in 2003 and 2004 because of the sluggish world economy and the impact of the Sars virus. The
      Reuters  -  498 words
    • NOTEBook
      • 84 13 Bloomberg [BANGKOK] Krung Thai Bank pel and other state-run lenders in Thailand need to be "closely monitored" to ensure their finances aren't stretched by lending done on political orders, the International Monetary Fund said. "A growing share of government-owned banks is usually not associated
        Bloomberg  -  84 words
      • 113 13 Bloomberg [JAKARTA] Indonesia will sell between 10 per cent and 15 per cent of PT Bank Mandiri, the country's largest lender by assets, in an initial share sale in early July, the Jakarta-based lender said in a statement. "Depending on the price
        Bloomberg  -  113 words
      • 78 13 Reuters [CANBERRA] Australia and Thailand believe they can wrap up negotiations for a free trade agreement by October this year, ahead of an earlier target of 2004. "A number of complex issues remain outstanding, including tariff issues, rules of origin and investment, but I am
        Reuters  -  78 words
      • 66 13 Reuters [BEIJING] China has fined a state-owned export firm 480 million yuan (Ssloo million) for tax fraud and sentenced its manager to life in prison in the biggest-ever case of its kind, the official Xinhua news agency said on Monday. Hebei Baoxiang Import-Export Group
        Reuters  -  66 words
      • 65 13 AP [KUALA LUMPUR] Asean wants Myanmar to explain why it detained pro-democracy leader Aung San Suu Kyi but will not pressure its generals into releasing her, the group's secretary-general said yesterday. "Internally we have to talk to our Myanmar colleague and find out what
        AP  -  65 words
      • 65 13 AFP [NEW DELHI] India's software exports grew 26.3 per cent to US$9.5 billion in the year to March but still fell short of projections due to the appreciation of the Indian currency, the National Association of Software and Service Companies said yesterday. It had set
        AFP  -  65 words
    • 330 13  -  New service offers secure, fast link for data transmission From Shoeb Kagda in Jakarta IN the first of a series of telecommunications services tie-ups, Singapore's StarHub and Indonesia's Indosat yesterday announced a high-speed data link between Singapore and the islands of Batam and
      330 words
    • 185 13 BEIJING Reuters AFP Bloomberg THE World Health Organisation may lift an advisory against travel to Beijing, pending a continuing drop in new Sars cases, possibly helping to mute the economic impact of the epidemic, which China predicts will cost 1.27 million jobs. Taiwan, the
      Reuters; AFP; Bloomberg  -  185 words
  • 1406 12 jjOOM FUTURES Jun3 HMKtFatarM(Oa*«prtns) KSS1(Scmb*D Om VttaM OfN Mntt Mfk in Sett (toMws) Mitortst Jul 03 T79.00 JUf 03 174.75 Sep 03 169.75 Oct/Dec 03 167.50 t$S3(US«*s/*) Mm OpM MoRtk M|k in Sitt (town) Merest JmI 03 Vise ***** 103.00 400 4650 Am| 03 100JO 90.75 100.50 325 5000
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  • Page 13 Advertisements
    • 122 13 HONDA The Power of Dreams I ALWAYS HAVE A FLEET AT MY COMMAND. I x j j i j 34 i *i I M m W V J Got direct access to a fleet of Anewconce P tofmobi,it y' HondaDiracc 9 ivesYourcompanydirectaccess t to a fleet of executive cars whenever
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  • Page 14 Advertisements
    • 182 14 www.zonelsll.com.sg 9 L.J SE R S TIIE ;f Hfcka^ ifH^m *Wwr ?^tisgs: il'll'iiiimhiilllll iiII —i, 1 liM A JHBMBMHBBbbbhhhbbbbbbbmhbwbhbbbbbhbbbbhhbbbbbb \yv% 17\\t\\ The next time you make a business ca overseas, just dial 1511 to enjoy premium quality and substantial savings with our fantastic IDD rates in the 1511 BIZ plan.
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  • WORLD news
    • 481 15 EVIAN, France Rise in consumer confidence, low interest rates, fall in oil prices cited Bloomberg AP LEADERS of the Group of Eight industrial countries said they expect their economies to rebound as consumers gain confidence, interest rates remain low and oil prices decline after the
      Bloomberg; AP; REUTERS  -  481 words
    • 187 15 NEW YORK NYT [NEW YORK] US federal securities regulators have demanded copies of email messages and other documents from 12 large Wall Street firms and dozens of their managers, including current and former chief executives, as they open a new phase of their
      NYT  -  187 words
    • 442 15 NEW YORK Investigation may not raise wide-ranging questions abont firm's practices; analysts Bloomberg NYT SHARES of International Business Machines Corp dropped after the company said the US Securities and Exchange Commission (SEC) is examining how the company recorded some sales. IBM disclosed after the close
      Bloomberg; NYT; Source: Bloomberg  -  442 words
    • 415 15 NEW YORK Bloomberg PEOPLESOFT Inc, a maker of software for managing accounting and inventory, announced on Monday that it would buy a rival software maker, J D Edwards Co, in a stock deal worth US$l.7 billion. This is the largest computer-related
      Bloomberg  -  415 words
    • WORLDWatch
      • 84 15 AFP [WASHINGTON] US companies sharply scaled back plans to cut jobs in May, raising hope for a turnaround in the stagnant labour market, an industry survey showed yesterday. Employers announced a 30-month low erf 68,623 job cuts in May, down 53 per cent from
        AFP  -  84 words
      • 128 15 NYT [WASHINGTON] The Federal Communications Commission on Monday approved the most important changes to the nation's media ownership rules in a generation. The commission relaxed many of the most significant restrictions on the ability of broadcast and newspaper conglomerates to both expand into new
        NYT  -  128 words
      • 45 15 Reuters [NEW YORK] New York Federal Reserve Bank president William McDonough said on Monday the US economy is likely to face a low inflation environment, as well as a high current account deficit, for several years to come. Reuters
        Reuters  -  45 words
      • 54 15 Reuters [NEW YORK] A small group within JP Morgan Chase Co has earned the company US$lOO million this year with successful but risky bets on currency and interest rate moves using the firm's own money, the Wall Street Journal reported, citing an unnamed
        Reuters  -  54 words
    • 687 16 NEW YORK Some firms boost their annual economic growth rate forecast Bloomberg WALL Street is beginning to believe in the US economy again. Economists at firms such as Goldman, Sachs Co, Lehman Brothers Inc and Bear, Stearns Co have cited signs of a strengthening economy
      Bloomberg  -  687 words
  • 4876 15 i Transaction date: Jun 3 HONGKONG v»i hkrwi. 1.57 -002 3230 HKS W- 000 Hong Kong Electric 30.90 -0 50 4071 Hongkong Chinese 0.83 -0.03 4724 Alpha General 0.26 0.01 264 Hongkong Chinese Ltd 0.83 -0.03 4724 AnandaWingOn 0.01 unch 0 Hopewell Holdings 7.70 unch 4319 Angang New
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  • 6193 16 Transaction date.Jun 3 52 Wk Last Vol Day LMtQaott GrOtv «v GrYld MM MCjp hmi low (gp Mi w- room l<w» gjg m» c» %__g wi ABNAmroNLG 56t 9 12 3.4 1388 163 9 ACE Dynarwcs20c ISScd *0.5 231 16 1S.S 15 16 100 129 153 21 95
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  • Page 16 Miscellaneous
    • 306 16 CRYPTIC CROSSWORD racecourse (5) 1 I I I 10 A nasty dose of wheel lubri- Hi HI jHf WM 12 Cult-followers who reveal I I I their ends? That is strange- 13 You can't be the only one 15 I having such help (5) 15 Many failing and shutting up
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  • BT motoring
    • 825 17  -  It expects explosive sales as soon as trade barriers are lifted and credit stop lights turn green, reports Samnel Be Samuel Ee German sports car maker Porsche is eyeing explosive acceleration in sales to Korea and China as soon as trade barriers are
      FILE PHOTO  -  825 words
    • 342 17  -  By Samuel Ee RACES like the Carrera Cup Asia are the favoured testing grounds for engine oil maker ExxonMobil. The American company, which this week launched a new generation of its famous synthetic motor oil Mobil 1, also develops its products with Formula
      342 words
  • 2271 17 Transaction date.Jun 3 KUALA LUMPUR ffl8Ei====*5 2S 3 2 ■y w. ('am) Genting 14 40 0.60 1237 —George Kent .034 -0 02 118 A4M Realty .073 -0 02 7 T«t, 520 urKh 185 Abnc 0.72 0 02 48 GtQmacBhd 164 -002 221 ACPIndusdics 2.94 unch 1 Gold Bndge Enyg
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  • 687 17 Transaction date. Jun 3 m c 1 aw Omm Mmnlft 64] CMC *00=: MnilDe UB 2MB -OOW c*f &u ijw <n» ooc *n »«§e Ut 1 iSO «0GM CM 0* MOO .0150 OwtleNCed*! a» 0*R 0030 MnmN& 040 &T« CbOkKi < M «X20 **O0W1 font HKttc 0H 0470 «000S
    687 words
  • 543 17 BONDS WARRANTS Latt Vol Caav Eur Dim 'IHH Sat« —row Hat* Wo It Kt» AST! W*****1 4 -2 64 1 16 38 3.62 12 Acma Ltd VMM1116 2 unch 17 1 50 395 525 17 Amtek W*****0 J05 1 33 2 151 24 Armstrong W*****0 2 5 unch 280 1
    543 words

  • EXECUTIVE money
    • 352 18 INVESTING is not entertainment it's a responsibility and investing is not supposed to be "interesting". It's a continuous process, like refining petroleum or manufacturing cookies If anything in the process is interesting, it's wrong. That's why benign neglect is, for most investors, the secret of long-term
      352 words
    • 1183 18  -  Passive investing is consultant Charles Ellis' advice for the common man, reports GENEVIEVE CUA GENEVIEVE CUA WHAT does it take to succeed in investments? Author and investment consultant Charles Ellis has pithy advice, gleaned from his rookie years: Don't lose. This insight he picked up in
      CHRIS LOH  -  1,183 words
    • 779 18  -  By Genevieve Cua TAKING a cue from author and consultant Charles Ellis, I asked two investment professionals how they think ordinary people like you and me who have families to feed, school fees to pay, plus the challenge of saving for retirement should
      779 words
  • Page 18 Advertisements
    • 374 18 Intellectual Property Hie Most Under-Utilized Coip»iila Asset TOppillQ Most patents developed by a company's R&D department q m m never go beyond the drawing board. Of those that do, most m jJ are used exclusively for defensive purposes, or worse, as the IIIUUCII expensive trophy pieces. Those wonderful inspirations, with
      374 words

  • SHIPPING TIMES
    • 285 19 Reuters THE Baltic Dry Index fell 11 points to 2116, the Baltic Capesize Index fell 22 points to 2770, the Baltic Panamax Index fell 7 points to 2071 and the Baltic Handymax Index fell 52 points to *****. nUE-GHABTEHi Maria A Angelicoussi (built 2001) *****3 dwt delivery North
      Reuters  -  285 words
    • 270 19 SOX '000 Jmi SS W CWT Distribution 0.55 -0.04 20 Chum Hup 0.38 -O.OI 1614 CH Oft short 0.20 -0.01 137 Coscolnvastmant—0.25 -0.01 3339 Freight Links 0.05 unch 1340 GB Holdings 0.64 -0.01 3 Jaya Holdings.. 0.34 -0.01 581 Kappol Corp 4.40 -0.04 2695 K1 Venture 0.20 unch
      270 words
    • 663 19  -  Feeder operators' boycott of Chitt&gong seems to have succeeded By Donald Urquhart [SINGAPORE] A five-day boycott of Bangladesh's main container port by for-eign-flagged feeder operators protesting a protectionist port law appears to have succeeded with the government saying it will amend the law.
      663 words
    • 230 19 Xinhua [MANILA] Philippine President Gloria Ma-capagal-Arroyo has announced guidelines to ensure public safety in sea travel and ordered the transportation department to speed up investigation of the recent ship collision accident. Mrs Arroyo stressed that sea safety "is an issue important to the welfare
      Xinhua; AP  -  230 words
    • 250 19 Xinhua [YICHANG] Passage of the permanent ship lock at Three Gorges Project being built at the mid-reaches of the Yangtze will be free of charge, said Cao Guangjing, deputy general manager of the China Yangtze River Three Gorges Project Development Corporation, on
      Xinhua  -  250 words
    • 110 19 [SINGAPORE] Singapore's kayakers and canoeists are finally free of annual port charges, after being "exempted "from licensing regulations. From this week, all canoes and kayaks—except those owned by commercial operators —will no longer have to fork out the annual $30 licence fee and $5 annual
      110 words
    • 309 19  -  By\ Beth Jinks [SINGAPORE] Taiwan's Evergreen Marine Corp is facing picketing at an extended list of US East Coast ports, as a costly dispute over unionisation drags on. Its US subsidiary declared a force majeure after unions first banned port operations for
      309 words
    • IRAQI airways
      • 733 20 With restrictions on flights lifted the national carrier is preparing to resume operations AP [BAGHDAD, Iraq] IRAQ'S national carrier, hard-hit by two wars and 13 years of UN sanctions, is preparing to resume services after a threemonth hiatus caused by the latest conflict,
        AP; REUTERS  -  733 words
    • 196 20 PAGE Avant 6 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 Chahaya 6 China Shpg 5 Confer 6 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines 4 Far Shpg 5 Foong
      196 words
    • 13407 25 THEBU sinesstimes EXPORT ETA ETA Advaftisar Vassal Voyaqa TaMphona ETA ETA Advartisar Vassal Voyaqa Talaphona SIN OmTh Mom Mm Numbar Numbar SIN Dastn Nam* Nama Numbar Numb* 12/06 20/06 COSCO EVER GOVERN 098W 65-******00 TO ABIDJAN (ABJ) 2003 Cot* D'lvoiro 12/06 29/06 Hamburg s EVER GOVERN 0499-09*W 65******61
      13,407 words
    • SHIPS IN PORT
      • 527 27 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYWATERS228 E3124 J3 A/SIDE 04/06 0030 KIMTRANSMEGA 013B J17 A/SIDE 04/06 0200 MARC0P0L072 04/03J J4 A/SIDE 04/06 1000 NICO 3 0306 J24 A/SIDE 04/06 0630 SENTOSA 10 J5 A/SIDE 04/06 0600 SHANNON EXP 07/03 J14 A/SIDE 04/06 1130 SING
        527 words
      • 1814 27 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MARGUERI 018N 018N 1 07/06/2003 1500 0606/2003-C300 AL FARAHIDI C237t C237E1 07/06/2003 1200 07/06/2003 21:00 AL SABAH1A C245W Q4SW 1 0706/2003-2300 06/06/2003 1100 ALAMJAYA 2 M47N 8847N 1 05/06/2003-14:00
        1,814 words
      • 136 27 Jon 4 Hongkong: Tuen Ng Festival. Taiwan: Dragon Boat Festival. Jan S Korea: Memorial. Jon 7 Malaysia: King's Birthday Jan 9 Australia: Queen's Birthday. France: Whit Monday. Germany: Whit Monday. Jan 12 Philippines: Independ Day. Jan 19 Brazil: Corpus Christ Day. Jan 24 Philippines: Manila Day. Jail China:Communist
        136 words
      • 820 27 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 indi cated. The Cockett Bunker Price Index change and
        820 words
      • 470 27 180 Mil 9921 0.5 B.7 0.07 45 0.03 m rwwcitw iittr p f -rirtiit A&hAhimiiMufit Sidiunt No above E25 3 0 4 0 HSJl 22*! 380 Aw 984.0 0J 14.0 0.04 21 0.02 380 MM 995.0 0.7 18.0 0.07 74 0.09 1MB M/M »M/M W —<»*«
        470 words
    • AIR & LAND transport
      • 337 28 Cooperation among Vietnam, Laos, Cambodia and Myanmar will sharpen competitive edge Oana/VNA [DANANG, Vietnam] Airline officials of Vietnam, Laos, Cambodia and Myanmar meeting yesterday in central Danang city expect that growth of air transportation could reach 14-16 per cent annuaUy within the sub-region until
        Oana/VNA  -  337 words
      • 242 28 Bloomberg [SEOUL] Asiana Airlines Inc, South Korea's secondbiggest carrier, said it plans to resume some flights to Taipei, Bangkok and China and increase flights to Singapore because it anticipates a recovery in travel demand as fears about the spread of Severe Acute Respiratory Syndrome
        Bloomberg; AFP  -  242 words
      • 139 28 AFP [BEIJING] Chinese airlines have taken a massive blow from the Severe Acute Respiratory Syndrome (Sars) epidemic with passenger volumes falling to one-fifth of the usual level for this time of the year, state media said on Monday. Since April, the
        AFP  -  139 words
      • 166 28 Bloomberg [MUNICH] European airlines' passenger traffic on international routes fell 4.7 per cent in April as the spread of the deadly Severe Acute Respiratory Syndrome (Sars) and the war in Iraq discouraged people from flying, an industry group said. European airlines' scheduled traffic on
        Bloomberg  -  166 words
      • 156 28 Reuters [MEXICO CITY] Flight attendants at Aeromexico, Mexico's largest airline, on Sunday extended a threatened strike deadline to December in a last-minute move aimed at helping the financially troubled carrier. The flight attendants' union, which seeks a 15 per cent salary hike, called off the strike
        Reuters  -  156 words
      • 273 28 1,000 of its flight attendants call in sick to protest plan to reduce personnel Bloomberg [MILAN] Alitalia SpA, Italy's flagship carrier, cancelled at least 110 flights after more than one-fifth of its flight attendants called in sick to protest a plan to reduce the size of
        Bloomberg; AP  -  273 words
      • 207 28 Bloomberg [WASHINGTON! The US Transportation Department is proposing to increase to 49 per cent from 25 per cent the limit on foreign ownership of US airlines. The plan has been submitted to Congress to be added to pending legislation in the House and Senate
        Bloomberg  -  207 words
      • 452 28 Weather, pilot error, terrorist attacks, other external canses ruled oat AP [TAIPEI] A China Airlines (CAL) jet that broke apart shortly after taking off from Taipei last year had fatigue cracks and corrosion near where the aircraft split up, Taiwanese crash investigators said
        AP; AFP  -  452 words
      • 258 28 Reuters [NEW YORK] FedEx Corp, the largest overnight package deliverer, on Monday said it plans to cut up to 14,000 jobs from its main US express delivery unit to save as much as US$l9O million a year. The Memphis, Tennessee-based company said
        Reuters  -  258 words
      • 1937 28 an fugmt n* ruem no lhtt» 1555 ors 2250 nun, n HZ4678 1555 IH779 2305 ***** 1*35 SOZOO 7 1555 H***** 2305 —r 6*7306 tt05 SO 2 006 2305 Aattartw S035 0640 KJ.838 2255 Ott «05 JWU 2350 6*975 0855 S036 2345 ?>£) *1837 U55 1
        1,937 words
  • Page 19 Advertisements
    • 399 19 II Sub-regional airlines I I expect 16% annual I I grOWtllß BACK PAGE I PEOPLE Neptune Orient Lines (NOL) has announced the appointment of two prominent businessmen its board: NatSteel president Anq Kong the country managing director of Accenture Singapore, Willie Cheng. Singapore's national shipping line also J confirmed Ron
      399 words

  • Page 20 Advertisements
    • 865 20 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I ygsa TOT PEG pflflE] LOUGKMX DALLAS HOUSTON |MtMHRS|OKAfiO|«WYOR« H II TO AUSTRALIA (AUSTRALIA ASW EXPRESS) OOdMHCA 4903 03/04 04/06 1 20/04 24/04 27/04 25/04 25/04 21/04 ygja VOY ETA SRI j PIC iT~| —SSP"| STB~| —MB Ml OOd CALIFORNIA
      865 words
    • 469 20 Lines services represented by u ifißKtll *■"*>« of the Registry of I Wembe EK«3 Aco«M Skiing AgonH, to a X°n»y Singapore Shipping Associcrfkxi LILY UNI MALI Arcssa voy eta eta eta A f. KIAMG SPOtI MAU Princess Lily 0503 04/06 06/06 15/06 Maid Carrier 739 A 13/06 15/06 24/06 Princess
      469 words

  • Page 21 Advertisements
    • 1305 21 TO EUROPE FROM EUROPE vtssa Ivor aw ai rim anr ham mtv sou m llvesa Ivor m mm ham m sou i» ai~~| API HONG KONG 105W 05/06 25/0* 27/0*23/0* AIIBOORARR |®i« 15/K '7/OSI3/K 0«/0* MOI PRECISION 000* o*/o*ll/0* 23/0* 25/0* 27/o*2l/0* mMMICMMa 3011 17/ M 20/05 22/05 15/05 07/0*
      1,305 words
    • 1396 21 o*r stma fkm M SMMMMIOBUCKSIAffiPOKrSMOMMjMDMM ItIUBTS rycmvsc nnftiwfi 20 days ceaMMomaisMtfoti: oo oomkon og #17-00 saus/bw hlmimu//«i ml *msni/M I nOMHAMMi sS3mi mamc COSTAR SNIPPING PTE LTD wvommm ootwmdb/u mnsmi mmsj»//s I vMnißiu (lOMRU) 23 Mn a»iin7M»ooB rrmwr,SH mmtiwiMß) «*u»<t 01 MNS/U MMSJU/* I aßnwmM i/a»w mmsjis *?msjh/« I nm
      1,396 words
    • 523 21 ytssa _ot_ sm_ it «6 on i* cth pus rasa vot sin ikt sub h»6 usm pus moc HYUNDAI VLADIVOSTOK 1255 11/4 14/* 10/* 23/* 25/* 25/* MITC JAKAHA 30BS l/t 11/* 12/* 11/* 21/* 22/* 2»/* HTU»UftOGgSS 0*25 17/* 20/* 25/* 2*/* 1/7 1/7 KMT( PIISAM 300S IV* 18/*
      523 words

  • Page 22 Advertisements
    • 1263 22 HYUNDAI MERCHANT MARINE CO., LTD. Hi.ip.|i: wwwj—dl.«. 01 WO- HOWHMOOII vtssa "W k sou i« otm ant 1 ham I hiv 1 [vessel voy|sou|leh|»tm|amt|ham| mpT TT ■01PR06RE5S 007W JO/OS 20/04 11/04 14/04 11/04 HY DISCOVERY 3141 13/05 07/0S 00/05 11/05 31/05 HYMDEPENOENCE3I4W 01/04 24/04 11/04 N/04 27/04 MM PRIORITY 004E
      1,263 words
    • 1410 22 WAN HAJ NTfUNATfONAL PTI LTD ano I Vr.A tllill UAI ■■air#* nLUJMSM (14INS) FAL*****1U W\WAN HAI LINES SSS&S&kuskssl. n«:*niSI«DMI:|V|BMRIM«:ini)9«M7Sm:«II)im7M/Stl»S www 1 ,mm "ML mi) S2S4IMM: |H1) S2S4mM 71i3M/71i3M ML HUH www.w»w«i.tw.i| MMMmwMtMnwow¥«MßO» Bffl HB BH HB ***** HH NiWTn »T« JI W "W TOOT "TOT "W -TT¥- HOT- -ICTT lanmn
      1,410 words
    • 690 22 BSfl a MYANMA FIVE STAR LINE] (Mywwwr Notioad Um) vessel vor sin pu pen pgu PAGAN 306W SU HPA-AN 307W SU) IN MALAYSIA: lOUSTUO SNIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PM: 04-2****** BANK LINEi (A stnrk* of Aadrtw Weir Shipping) I NORTHBOUND TO EUROPE V CONUUNBt, RORO, HULK HEAVYUFTS vissa
      690 words

  • Page 23 Advertisements
    • 1201 23 |VESSEL VQY KHH HKO 1 SIN Htt I DX» I Ml PMM UK UNOAVIA PCI -314 03/06 04/06 07/06 04/06 13/06 16/06 22/06 24/06 IRAN KERMAN PCL 313 10/06 11/06 14/06 13/06 22/06 23/06 29/06 01/07 IRAN ISFAHAN PCL 316 17/06 It/06 21/06 22/06 29/06 30/06 03/07 07/07 IRAN HORMOZGAN
      1,201 words
    • 518 23 i IKrl k UK CONTINENT SERVICE Loaiftngtor SMART ROM/ATW/BMN/UK/NAN GULSER ANA RDM/ATW/BMN/UK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN Loads Singapore. E7W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for PACIFIC SUN II JDH/AQA MARILIS T DE3I/ABU/DOH/BRN/DMM/KWT J SAFE 081/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA Xoads Sngapore. E7W Malaysia. Indonaaia USA SERVICE Loadvigtar ALFONSO M2LAAX/VCW SEA BEE CAM/NFK/SAV/NOL •Loads
      518 words
    • 1219 23 JBSfi *21 m EfiS! JBSSL ¥01 SB mi HKIAMPA 0H» 04/0* 05/0* MMMMMI 7 M o*/0* M/ 0* mitm wy* <H/O* HE Mzai_lji2SZJ PACIAMDA OH4N OT/OJ 07/0* lIHUM 7 IHZ Lliflft 1104 mum OHSW 00/0* 01/04 PACOWTAM 1205 14/0* —14/0* ami <***« iQ/04 10/o* hkiamoa ohtn n/06 12/04 mciamba oiam
      1,219 words

  • Page 24 Advertisements
    • 566 24 HG£R IRIOCE 087 N 06-07/06 1 3-IS/M 70 21/06 I TIGEK SHARK OMN 10-1 I/O* 1719/0* 24 75/0* I TIGfR SKY 061N 13-14/0* 20-72/06 27 21/06 I TI&HSU OfON 171 I/O* 24-26/0* 0142/07 I SIN tiki shut o*i oss*7s* iTTITS 2*2375*1 XPtfS KNOWN m 10-11/0* I7lVO* I neusniN6 4mn mi/U*
      566 words
    • 861 24 FREIGHT LINKS EXPRESS PTE,LTD* 51 Penjuru Road, 3 Level, y■ V j Freight Links Express Logisticentre, Singapore *****3 Tel: *****51 1 Fax: *****577 l E-mail: flesin@singnet.com.sg LCL SERVICE TO CEBU. PHILIPPINES VESSEL APL MAAS V.560E jfc ETA SIN 09/06/2003 ETA CEBU 20/06/2003 Booking 5565/4694/5535/5580/5541 /5508/5569/5560/5563/5514 jP^Mb PROJECT HEAVYLIFT CARGO tfjKHHH
      861 words
    • 1108 24 Ib PDZ LINES S^.»wmss,| I /M MM aSIOOBSaMaTEIiOI-0111-SSM MLO2-*****1M I I smwtt: TOM 6 JOO SHTfIG HI M> fa* hilh|it» |LUlttllllilEB9|BSDjEßßß9pznßßiHnßßHß9 ||—6* —Si 1 *****04/04 IttSBOG |3<7S I 05/O*|KCM» 1 »10|05/04 V— *73 07/44 BSUIIG AG3IS 04/00 11/04 I—MtSI mi 10/04 |«SWH 3011 00/00 S.OOAMM *****04/04 OMOtt 3011 14/00 OUAH
      1,108 words
    • 205 24 IffiMMWI JSp KTTTJ2J^^222J2j2JI MEAKBULK 4k CONVENTIONAL SERVICE DIRECT SERVICE FROM S*PORE TO KARACHI IVBSE VOTMI n*SlQ>fO«f ETAMRAO* IIOUK mm 04/D4/D3 14/ot/P3 SEA-PAC MANAGEMENT PTE. LTD. 70 Anton Mood #17-07/0* Apax Tomm, Sngiyora *****5 T«Mwn« 6270 0977 VI FocsMU: *275 2309 Taluc RS ***** SUP AC MKT «N NAMPO, P.PJR. KOREA
      205 words



  • Page 27 Miscellaneous
    • 117 27 r I^--lll<-l i -lt--1--w- Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers Full circle w/o line indicates calm or light and variable winds p a j n One half fleche represents 5 knots Cloudy Day "One full fleche represents 10 knots Hazy A -One solid triangle represents
      117 words