The Business Times, 11 June 2003

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Total Pages: 26
1 26 The Business Times
  • 17 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE if,t3 r ">et. liitp://business-times.asial com.sg WEDNESDAY, JUNE 11, 2003
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  • 726 1  -  |:)ri exclusive Bat it's too early to tell if anyone would bite, given uncertain market By Kalpana Rashiwala [SINGAPORE] It's not exactly a sellers' market yet, but some property speculators are betting on Far East Organization's Icon being the exception.
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  • 961 1 Consensus estimate of 53 economists shows an upward revision in growth Bloomberg Reuters [NEW YORK] This year's growth forecasts for the US economy were raised in an influential private survey on Monday for the first time in a year after revised government statistics
    Bloomberg; Reuters  -  961 words
  • 115 1 Reuters [NEW YORK] Stocks added to modest gains early yesterday on expectations that economic growth will accelerate, boosting profits and share prices, and as news from mobile phone-maker Nokia Corp that its earnings outlook was on track helped lift the telecommunications sector. At 12
    Reuters  -  115 words
  • 661 1  -  nil exclusive But players expect to see fall recovery only next year By Vince Chong [SINGAPORE] The billiondollar exhibitions and conventions industry is throwing millions into post-Sars recovery campaigns and, already, there are signs that business is picking up, although sector players
    661 words
  • 72 1 STI 1,440.92 (-2.81) SI INDEX FUTURES MSI-00 (+7.00) SMSCI FUTURES 179.30 (unch) Tuesday Change KLSEfOMP ***** iM NIKKEI 225 8.7*9.119 :BM HANG SEN(i 9.7(0.72 29 79 SET INDEX 4240") .477 JAKXRTA ("OMR.-519.54 .021 MANILA COMP 1.***** .0.54 TAIPEI WPI 4.***** .526 SEOILCOMP B49.75 .-0.60 SHENZHEN B 217*1 194 Al
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  • 83 1 FOREX RATES U8$ ISS (SS peiTS$| 1.732 <i(l SS/SS per V)... l.«54 2.865 KI'R()|l SS/SS/E). 1171 ***** YEN 118.2 68 20 KM 3.800 2.194 HKS 7 799 4.502 BAHT 41.78 24.11 RI'PIAH UN— 4.733 RENMINBI 8299 4 790 INDIAN Rl PEE 40 82 27 OS AS 1.522 0.879 NZS
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  • NEXT page
    • ON THE grapevine
      • 87 2 SCIENTISTS from Boston University and the Massachusetts Institute of Technology recently published a paper in the journal Nature in which they argued that stockmarket crashes adhere to a mathematical pattern of frequency similar to that of earthquakes. The professors came to their conclusion after studying four
        87 words
      • 129 2 WOULD you like your kids to be woken by Shrek in the morning? And would you like the annoying ring of your alarm clock to be replaced by the husky voices of Sean Connery or Zoe Tay? If you do, then you might have
        129 words
    • 912 2  -  P :il exclusive New approaches could help local banks narrow lead of foreign rivals By Siow Li Sen [SINGAPOREJ Local banks face a formidable task in getting themselves ready for the new international rules on capital allocation that will come into
      912 words
    • 415 2  -  Byi Andrea Tan [SINGAPORE] Imagine turning your home into a teddy bear-making business. With the new Home Office Scheme, you can. But palm reading is out. Singapore's unemployment rate could even slip with this new scheme as those who register their
      415 words
    • 440 2  -  CICC also tops in underwriting in China last year By Loh Hui Yin [SINGAPORE] China International Capital Corporation (CICC), an investment bank in which the Government of Singapore Investment Corporation (GIC) has a stake, was the most profitable stockbroking firm in China
      440 words
  • Page 2 Advertisements
    • 393 2 Expensing Employee Stock Options Date What Thursday, 10 July 2003 Few topics dominate the headlines of business news as much as the use 9.00 am to 12.30pm and expensing of employee stock options. The International Accounting Standards Board (lASB)'s exposure draft ED 2 Share-based Payment Venue issued in November 2002
      393 words

  • SINGAPORE companies
    • 320 3  -  New venture will offer back-office processing to unit trust industry By Siow Li Sen UNITED Overseas Bank and Bank of Bermuda have got together to offer back-office processing to the unit trust industry as the trend of outsourcing continues. They have set up
      FILE PHOTO  -  320 words
    • 805 3  -  ITroT!! lock siew siow li sen ON Monday, United Overseas Bank issued a brief announcement to the stock exchange confirming that it was seeking regulatory approval for a proposed issue of notes. That bit of news has been seized upon by some market watchers as
      805 words
    • 201 3  -  By Denesh Divyanathan KEPPEL Corp said yesterday it has increased its stake in The Vietnam Investment Fund (Singapore) (VIF) to 40 per cent from 23 per cent by buying shares in the fund from Temasek Holdings subsidiary Seletar Fund Investments. The deal
      201 words
    • 331 3  -  By Michelle Quah DIVERSIFIED group SembCorp Industries (SCI) has raised its interest in whollyowned subsidiary SembCorp Utilities Pte Ltd by $65.5 million, through subscribing for 655,000 redeemable preference shares in SembCorp Utilities at $100 a share a premium of $99.99 each. SCI
      331 words
    • 310 3  - United Fiber 1 regains Indonesian forest rights Company wins court battle against an earlier revocation decree By Vince Chong MAINBOARD-LISTED United Fiber Systems has won its court fight in Indonesia against the revocation of a forest concession right a victory that looks set to put its dream of becoming a
      310 words
    • 382 3  -  But firm sees tnrbnlence ahead in the coming months By Michelle Qoah MONITOR manufacturer TPV Technology has turned in a 34.2 per cent jump in net earnings for the first quarter of 2003, despite a challenging IT environment. The Singapore and
      382 words
    • 415 4  -  Analysts see it as promising investment choice in water sector By Kenneth Lim WATER-TREATMENT stocks Hyflux, Darco Water Technologies and Dayen Environmental will soon be joined by two others, starting with mainboard aspirant Sinomem Technology, which launched its initial public offering (IPO)
      415 words
    • 204 4 SOUTH Korean industrial electric power giant LG Industrial Systems (LGIS) has appointed a unit of SMB United Ltd as an authorised exclusive distributor for its low-voltage electric equipment. Bridex Singapore Pte Ltd, a wholly-owned subsidiary of Singapore-listed SMB. will distribute equipment such as
      204 words
    • 431 4 OBITUARY PIONEER local entrepreneur Lim Boon Wan, who founded Hup Seng Huat as a scrap metal business 62 years ago, died aged 85 early this week. The late millionaire belonged to a now-rare breed of Chineseborn rags-to-riches emigrants who successfully created business empires
      431 words
    • 429 5 Its Indonesian units will be asked to repay USsl.2b over 10 years Bloomberg [JAKARTA] Asia Pulp Paper Co (APP), in talks with creditors over US$6.4 billion in debt, said as many as one-third have signed a rescheduling agreement. Asia's largest debt
      Bloomberg  -  429 words
    • 399 5  -  Law firm White t Case leases oat half the office space at Lion Plaza By Kalpana Rashiwala CHEMICAL Industries (Far East) has bagged an anchor tenant for about 100,000 sq ft or half the office space at its Lion Plaza development in London's financial
      399 words
    • 730 5  -  W Wong Wei Kong SOMETIME last year, the Singapore branch of Malaysian tycoon Quek Leng Chan's Hong Leong (HL) Bank decided it wouldn't lend anymore. The result? A trebling of profits that would have made many bankers envious in the
      730 words
  • Page 3 Advertisements
    • 257 3 J 4 •'•i'W'.s :>, 111( I III I < < 111 >U S.| I 1)1! s I J I I Kill H 11 >. 11 I III: I I >11 I In I s III \s|.| I \l< I I I« I III < l|)( I I 1 1 .1,
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  • Page 4 Advertisements
    • 821 4 BUSINESS SERVICES/ PRODUCTS The Straits Times Classified. Classifications 201 266. B-y lt s« u fimi it. f WIZOFFICE.COM LTD > (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of WizOffice.com Ltd ("Company") will be held at Boardroom (Level
      821 words
    • 176 4 J3 J S iff d Wide Range of Exclusive j3 "2 SWISS-MADE "2 J3 Js 5 Qreat Mid year Sale 3 J3 •Jewellery Box J3 5 £ratf Saviruj!! 2 J3 -7 CJ Figurine 25% 50%) Bevelled Glass jj J3 J3 J3 Children JZ •Instrumental J Wlukt Stock Jtad! Display jj
      176 words
    • 29 4 |»Teal Lianhe Zaobao 9 I Great I I Singapore I I Sale I I Retailers see I 150% sur 9 e I I in human traffic I I I
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  • Page 5 Advertisements
    • 241 5 Q SINOMEM TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore on 18 September 2002) Invitation in respect of 100,000,000 New Shares of 550.02 each comprising:(i) 10,000,000 Offer Shares at 550.44 each by way of public offer; and (ii) 90,000,000 Placement Shares at 550.44 each by way of placement, comprising:(a) 87,000,000
      241 words
    • 351 5 v V i J Questioned by a CEO. SZSSZZZL. Challenged by a VP. *****T 1 Tested by an MD. Program fee: US$l2,OOO And yon thought you had a tough A 3 week intensjve coufM in f|g|y WOCICn Singapore, the program focuses 9 on general management from an international perspective, M
      351 words

  • SINGAPORE markets
    • Article, Illustration
      332 6 OTHER SINGAPORE INDICES Jun 10 VALUE CLOSE BTOMDS 797.00 +298.00 BTCAM -*****.00 +163.00 BT 10-4ay MA -*****.00 +79.00 AN-S6 EquibM 390.52 +0.17 S6 Equities Etoct 138.12 -0.02 SGEmWMHII 1209.41 7.58 SG Prop 368.25 +1.23 MSCI Sngaporv 178.28 -0.79 SHMSCJ Futures 179.30 0.00 Stocks Volume UniFiber 10c 123,168,000 Chart SemtCond 26c
      332 words
    • 896 6  -  Hlonger view CURRENCIES larry wee KEY rate cuts by two major central banks last week shifted financial markets' attention to stocks and bonds, leaving the US dollar in a limbo all week. All told, however, it was generally true that those central
      896 words
    • 790 6  -  -11 comment STOCKS r. sivanithy A FINE line separates impressive resilience from stubborn denial of potential risks. And at the moment, the local stock market appears to be happy treading that line. It's similar to the situation in the US, where a Monday
      790 words
  • 3417 6 UNIT TRUSTS FUNDS Co" 1 Global Health Index Fd 0 834/ Com Global Telecom Index Fd 0.441/ Com Global Irrfotec Index Fd!** 0.303/ V7^, rf? P 1 Com Global Energy Index Fd 0 867/ Star Europe Eqty! 0 645/ Com Global TrawSlndex Fd 0.67/ Star Europe Bd 1 313/ Com
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  • SINGAPORE news
    • 464 7  -  on the economy foreign investments US remains the largest foreign player, while Japan slips to No 3 slot By Chuang Peck Ming THE Netherlands, which boasts such MNCs as Shell and Philips, has shot ahead of Japan as the second biggest foreign investor
      464 words
    • 298 7  -  International operations to be strengthened: CEO By Andrea Tan The Singapore Tourism Board has announced a slew of management changes to "lead the tourism industry to better meet the challenges ahead". But STB's deputy chairman and chief executive Lim Neo Chian remains
      298 words
    • 295 7 THE Housing and Development Board (HDB) may call for a new tender for the stalled upgrading works at Marine Terrace, Minister for National Development Mah Bow Tan said yesterday. "HDB must fulfil its responsibilities, finish the job hopefully within the
      295 words
    • 159 7 BARELY four months since its tender closed, Yang's Garden Village at Mount Sinai is up for sale again. This time, the owners have dropped their selling price to "$5O million and above" from the $55 miUion previously. At $50 million, this works out
      159 words
    • 291 7  -  Bb Leonard Lim A NEW Patient Declaration Form (PDF) to aid the fight against Sars will be introduced next week as many Singaporeans are expected to travel during the June period. Minister for Health Lim Hng Kiang announced yesterday. Any patient that walks
      291 words
  • Page 7 Advertisements
    • 1840 7 To advertise call toll-free 1800 289 8822 Email: notkes@sph.com.sg IN THE MATTER Of THE COMPANIES ACT, CAP. SO YOSHOPPERS.COM PTE LTD {IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE TO MEMBERS OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap SO, a Final Meeting of
      1,840 words

  • EDITORIAL & opininon
    • 764 8  -  HiTT=l bottom line OPINION leon hadar IMAGINE that Queen Victoria and President Woodrow Wilson had a kid, and ask yourself how he or she would have looked Well, just observe what's happening these days in Iraq for the answer. It's not difficult to conclude
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    • 82 8 'One has to be exceptionally naive to think the Americans, having taken huge risks and won the war, will simply turn the keys over to the Iraqis and leave. Mahatll4i MfthamflH the Malaysian prime minister, on the outlook for an elected government in Iraq. The example of
      82 words
    • 567 8 EDITORIAL POR all the criticism that has been levelled against it, the Indonesian Bank Restructuring Agency (Ibra) has over the past five years worked hard to carry out its mandate even if the process has been in fits and starts. The agency's mission is twofold:
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    • 891 8  - A less flashy MBA with lots of substance That's what the University of Chicago Graduate School of Business offers, says its dean. And it's just what these uncertain times require Reports by- AnnaTeo [SINGAPORE] People who enrol in business school looking to be "moved along on some orchestrated learning process"
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    • 571 8 Testing times and opportunities THE biggest issue for all business schools right now is jobs, according to Edward Snyder. Securing jobs for MBA graduates in a sluggish economic climate, that is. "Let's face it: we're a professional school. People who come to business school, they want jobs, they want return
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    • 157 8  -  Alan Shaw Executive vice-president Head. Risk Management and Regulation Singapore Exchange WE refer to the letter "Okay for Wah Shing buy-out surprising" (BT Mailbag. June 10) by Denis Distant. Mr Distant referred to the Singapore Exchange's approval of Wah Shing's delisting by way of a scheme
      157 words
    • 229 8  -  MAiurrm Chia Hui Ping Singapore THE founding Cheng family of Prima Limited intends to privatise the company at $6.21 per share. Of the various ventures undertaken by Prima, the flour mill in Sri Lanka is the most outstanding. Set up in the early 1980s,
      229 words
    • 207 8  -  Dr Chua Siew Eng Lecturer in Psychiatry The University of Hong Kong Hong Kong THERE are positive lessons to be gained from Genevieve Cua's experience ("Suffering from school blues as a parent", BT Soapbox June 7-8) even possibly outweighing the brutish experience her son
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  • REGIONAL news
    • 485 9 HONG KONG Agreement could give HK advantage over Singapore Reuters AP HONG Kong and China will sign a long-awaited trade agreement by the end of this month, reducing or eliminating tariffs for exports from the territory to the mainland and possibly
      Reuters; AP  -  485 words
    • 444 9 Improving business reinforces optimism Bloomberg [TAIPEI] A rally in Asian computer-related stocks such as Taiwan Semiconductor Manufacturing Co (TSMC) may have further to run on signs that business is improving after a slump of more than two years. TSMC's shares rose
      Bloomberg; TSMC  -  444 words
    • 397 9 Ernst Young partner held in HK corruption probe HONG KONG Arrest 'wholly unreasonable', says accounting firm Reuters ACCOUNTING firm Ernst Young said yesterday one of its partners had been unjustifiably arrested by Hong Kong's anti-corruption agency in a probe into a small Shanghai-focused construction services firm. Hong Kong's Independent Commission
      Reuters  -  397 words
    • NOTEBook
      • 43 9 Bloomberg [KUALA LUMPUR] Malaysia may consider cutting taxes, including the tax on companies' profits, in its 2004 Budget, Prime Minister Mahathir Mohamad said yesterday. The government will probably release the Budget in September or October. Bloomberg
        Bloomberg  -  43 words
      • 52 9 AFP [SHANGHAI] Chinese oil giant Sinopec, mobile phone provider China Unicom and steel and financial conglomerate Bao Steel head a list of China's top 50 companies, state press reported yesterday. SinoPec took top honours in income, net profit and market value categories, the People's Daily
        AFP  -  52 words
      • 59 9 Reuters [BANGKOK] Robust exports, a bullish baht, low interest rates and recent rallies in Thai stocks lifted domestic consumer confidence in May, a university survey showed yesterday. The University of the Thai Chamber of Commerce (UTCC) said its index for overall economic confidence rose
        Reuters  -  59 words
      • 63 9 Bloomberg [TAIPEI] China Development Financial Holding Corp chairman Liu Tai-ying, who has been charged with misusing funds owned by the Nationalist Party, will resign from Taiwan's fourth-biggest financial company by market value. The Economic Daily News and United Daily News said yesterday that Liu will
        Bloomberg  -  63 words
      • 53 9 Bloomberg [BEIJING] China's May exports grew at their fastest pace in almost three years, Bank of China International said in a research report released yesterday, citing customs figures. China's exports rose 37.3 per cent last month, after growing by a third in April, the
        Bloomberg  -  53 words
    • 588 10 SINGAPORE Rising prices fuel concern even as rest of world worries abont China exporting deflation Reuters HOW about this for an irony? Even as the rest of the world frets that China is exporting deflation, Beijing is starting to worry about inflation. Although no
      Reuters  -  588 words
    • 414 10 HONGKONG Bloomberg THE Hong Kong MonetaryAuthority hired an auditor to help it study the loan approval process at BOC Hong Kong (Holdings) Ltd, amid reports the unit of Bank of China was involved in improper lending to a Shanghai tycoon. "The investigation may
      Bloomberg; APPLE DAILY FILE PHOTO  -  414 words
    • 258 10 HONGKONG Bloomberg SHARES of Liu Chong Hing Bank Ltd surged as much as 13 per cent yesterday on speculation that the familyowned Hong Kong lender may be put up for sale, though they pared their gains after the bank said
      Bloomberg  -  258 words
    • 516 11  -  Sum committed at Tokyo conference to help open np Sri Lankan markets From Anthony Rowley in Tokyo MORE than US$4.5 billion of financial assistance, to be spread over a four-year period, was pledged to Sri Lanka yesterday at an international conference in Tokyo
      AFP  -  516 words
    • 352 11 MUMBAI Bloomberg INDIAN Finance Minister Jaswant Singh said he has asked the market regulator to accelerate a probe into the movement of shares in state-owned lenders that have surged this year in a rally that's beginning to falter. Shares of Canara Bank, Punjab National
      Bloomberg  -  352 words
  • Page 9 Advertisements
    • 121 9 Are you still big, strong and growing despite these tough times? Companies can nominate themselves for the 2003 Enterprise Award by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 a Revised Edition), with three years of audited statements. Nomination form* are
      121 words
    • 157 9 X Look Like Daddy!" Dine at Orchard Cafe and have your picture taken with your daddy! If you look like daddy, you Lucky Draw Prizes 6 one-month Gym memberships s at the Orchard Hotel Health Club Photo-taking takes place during lunch and dinner times on 14th r I 5th June
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  • Page 10 Advertisements
    • 726 10 v 4 VICPLAS INTERNATIONAL LTD VICPLAS (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Vicplas International Ltd (the "Company") will be held at 35 Joo Koon Circle, Singapore *****0 on 2 July 2003 at 10.30 a.m. for
      726 words

  • Article, Illustration
    1066 11 Transaction date:Jun 10 MTERBAMR CROSS RATES T f A$ c$ N* Euro NK$ Iwdts ftiptah V Wow Ml IK W«i >«o SStwK Sir ITS X pUSS Australia 0.893 5.451 0.561 5.122 30.757 53.662 0.776 7.845 2.496 LM6 37.894 35.064 1.131 L278 0.865 22.780 27.443 0.397 0.657 Canada 1.120 6.103
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  • 1609 11 SICOM FUTURES Jun 10 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 03 181.75 Aug 03 177.00 Sep 03 170.50 Oct/Dec 03 166.25 RSS3(US cents/lq) Volume Open Month High Low Sett (tonnes) Interest Jul 03 103.75 4050 Aug 03 101.00
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  • WORLD news
    • 470 12 TOKYO Govt decides on 1.96t yen capital injection to rescue troubled bank Reuters JAPAN'S government said yesterday it would take a stake of over 70 per cent in Resona Holdings Inc, granting fully the troubled bank's request for help but leaving
      Reuters  -  470 words
    • 324 12 TOKYO AP SONY Corp yesterday unveiled a range of high-end digital electronics products in a bid to empower its brand and differentiate itself from its cheaper rivals. The Japanese electronics and entertainment giant will begin selling the "Qualia" product line in Japan this month, including
      AP; REUTERS  -  324 words
    • 275 12 TOKYO Reuters MAJOR Japanese companies are expected to see profit growth of a healthy 13 per cent this business year following last year's jump of nearly 60 per cent, which was driven by cost cuts, Nomura Securities said yesterday. Group recurring profit which is
      Reuters  -  275 words
    • 434 12 NEW YORK Turmoil at company could also threaten US housing market NYT THE turmoil at Freddie Mac, one of the largest mortgage finance companies in the US, is creating ripples through financial markets and could threaten the robust housing market that has brightened an
      NYT  -  434 words
    • WORLDWatch
      • 78 12 Reuters [NEW YORK] ImClone Systems founder Samuel Waksal, whose insider trading scheme led to the indictment of domestic style-setter Martha Stewart, could be sentenced later yesterday to more than seven years in prison. US district judge William Pauley will decide whether Waksal will
        Reuters  -  78 words
      • 65 12 Bloomberg [LONDON] Chubb pic, the world's third largest provider of security services, is considering a takeover offer from United Technologies Corp that may be worth more than US$l billion. A person familiar with the situation said the London-based Chubb's board met yesterday to review
        Bloomberg  -  65 words
      • 102 12 Bloomberg [NEW YORK] Five US consumer-advocacy groups charged that accounting firm Ernst Young is undermining corporate reforms designed to strengthen auditor independence. In a letter to Securities and Exchange Commission chairman William Donaldson, the groups said Ernst is undercutting the Sarbanes-Oxley corporate responsibility law by urging
        Bloomberg  -  102 words
      • 81 12 Reuters [LONDON] WestLß banker Robin Saunders, under a cloud since regulators began a probe into her Principal Finance Group, pulled out of a top financial awards ceremony yesterday where she was due to present one of the prizes. The so-called financial "Oscars", sponsored by
        Reuters  -  81 words
    • 773 13 NEW YORK It okayed mergers with hardly any data and breached fiduciary duties: reports NYT Bloomberg AS World Com grew through a series of large acquisitions and as it used fraudulent accounting to mask growing financial problems its board did little to monitor
      NYT; Bloomberg; BLOOMBERG  -  773 words
    • 316 13 NYT [NEW YORK] One disastrous deal, which ultimately cost World Com billions in losses, was the acquisition of Intermedia, a company that controlled Digex, which managed and operated websites. Former World Com CEO Bernard J Ebbers appears to have become interested in the
      NYT  -  316 words
    • 317 13 HELSINKI Reuters NOKIA Oyj, the world's largest mobile phone maker. warned yesterday that handset sales had been hit by a weak dollar, a sluggish economy and the deadly Sars virus, but stuck to its previous earnings forecast. Nokia saw Apr il-to-June
      Reuters  -  317 words
    • 533 14 NEW YORK Airlines, cosmetics, fast-food, cellphone firms to be hit hard Reuters ALTHOUGH Severe Acute Respiratory Syndrome fears are subsiding around the world, the disease is still expected to have a debilitating effect on second-quarter results of US companies doing
      Reuters  -  533 words
    • 355 14 Whistle-blower to get 245% of the total settlement LAT-WP [LOS ANGELES] In one of the largest whistle-blower settlements in the US, Northrop Grumman Corp will pay the federal government US$lll.2 million to resolve claims that TRW Inc, which it recently acquired, padded bills
      LAT-WP  -  355 words
  • 4795 12 Transaction date.Jun 10 HONGKONG vol hkrwi i.m 002 2973 HU '880 Hong Kong Electric -31.20 020 3044 Hongkong Chinese .081 -0.01 3226 Alpha General 0.29 0.01 76 Hongkong Chinese Ltd 0.81 -0.01 3226 Ananda Wing On .OOI unch 0 Hopewell Holdings 7.90 -0.05 2537 Angang New Steel H
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  • 2420 13 Transaction date:Jun 10 KUALA LUMPUR »8T====55 DM W- (-000) Genting 1400 -010 324 George Kent 0.44 -0.02 82 A M Realty 0 82 0 02 16 Gtobe tr on« T «h 5 20 010 165 Abric 0.96 -0 06 1355 GlomacBhd 1.69 0.01 90 ACPIndustr.es 295 0 02 48
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  • 693 13 Transaction date.Jun 10 i—a m <*m m o» Wnr« wtt I OX NMSMSOc 0* 17* rfOC of Ml 9 J00 era) OQK MB «7« C«»UUra> 122 1329 <0010 Off 0 56 kl"» *0 ISO Owr %«.p«Ou«3 Jfc t« 0HS <4)010 Wlfc 0*7 0.770 0010 C%DM«t <»3 «J40 «0B0 OX
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  • 552 13 BONDS WARRANTS Prtm Ejifwry Last Vol Coa* E*«r Dm Out Mtks t H* *m- r—> MM* MM U» ASTIW*****1 U 2 45 1 16 36 2.54 12 Acma Ltd *M>***** 15 unch 100 1 50 368 7.33 17 Amtek W*****0 M 3.5 90 1 33 3 1.45 24 Armstrong W*****0
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  • Page 13 Miscellaneous
    • 373 13 CBTPTIC CROSSWORD I Man's irrational fear of Mexi- I l I I F* 5 Something to wear, thanks to Shakespeare! (6) 6 I I I I I 9 An Apache war-cry (8) 10 For example, nothing is seen on motorway but selfishness -HH 12 Pale of late, about to die
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  • 6223 14 Transaction date:Jun 10 52 Wk Last Vol On UMQwiU GKMv M* GrVM MM MCa HWi Km Cammmt Sate W- (POO) W»U«-r»Mhr Cvt ■> W J ABNAmroNLG 56c 9 12 3.4 1*3 16 9 ACE Dynamks20c 14cd unch 50 14 14 14 15 100 1429 138 21 9.5 AEM-Evertech
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  • 67 14 SI-* Laat Vol mt Quou GrOw Hv GfTM MM MCjb I—I i— Ciw»i«y row hi» U» <m w» Cw y« imi 9600 89 Diamondl US8780cd ...88..... 3(10 2700 IS DJ US Tech US3740cd 5SS SSS tSMSCI Spore US555 K70 8200 ISSAP500 U*****cd ***** 8280 SPDKS l/S9650cd ***** 1610
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  • 1618 14 Sl-Wfc Lat Vol Day LMQMM bOto M« Grtw Nat MCaa rn+ Lm, cmmni Mi fi| W» U» rn*m Mjm Cw Wl %A 17-5 7.5 ABR Hldgs 5c 15 t«.5 264 15 14 15 15.5 28.9 24 15 APOIScl JOS +1 74 20.5 20 S 20 5 21 27
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  • 317 14 VJ-Wk l*t Vol Day LanQuota GrW* Oh G«TM Mat MCjp I— Company Sala W- COW I— CMf M SJ 141 81 AV Jennings A25c A139cd unch 188 140 139 139 140 40 34 72 8.1 2992 Cathay Pac 20c MK720 265 2.1 7.4 6 *****2 Cheung KongSOc MIC1780
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  • BT motoring
    • 420 15  -  'You can't have a boutique without a changing room,' says Kevin Kwee, as he explains to SAMUEL EE why the company has invested $4m in the centre SAMUEL EE SINGAPORE auto distributor Group Exklusiv has invested $4 million in a Jurong service centre despite the tough
      CHRIS LOH  -  420 words
    • 289 15 AUTO accessories supplier Autovox was set up in 1999 as a three-man operation. Today, it has 20 staff and a large airy showroom in Lok Yang Way. "When we first started supplying to car distributors, we didn't have a showroom." recalls managing director Brinal
      289 words
    • 202 15  -  ■By Samuel Ee THE first Mercedes-Benz Maybach 62 super luxury limousine has arrived in Asia. The right-hand drive car was presented at the weekend to its owner in Malaysia. DaimlerChrysler said the "valued customer" was a member of royalty who had requested that there
      202 words
  • Page 15 Advertisements
    • 203 15 ¥¥71 A 1* 1 i i Presented M Diners Club Credit Card r. 6416 0980 Where to wine, dine and entertain... MPD-winmno 4 Mappy father's (Dayl j 5 Course Set Meal 519.80 10% Service Charge Per Set Appertizer I I Buffet Salad from The Salad Bar I S P I
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    • 173 15 v IMI| I M* *"t Wtofrondi and ftvWfyt at lor hoadkiQ down to Cotemcvi't tor lUnch whoro our buffo* iprond of ow 10 dWiMi wdNM flow of barley, too or coflc# owuli you. Mako your MoorvaHons a> (66) *****132. »i^'Z!i!UiL'»a**♦Si!'"SM fMiisi 3T] S C<*»non Straw »gaiXM 17WQB Pamuo Vjmtr Cc*man«
      173 words
    • 224 15 Can't Decide oil a Restaurant? No Problem, Cross-Order from all of them, oafer at Colours by the Bay The Esplanade Shlma Aji Tien Yuan Kitchen Local Bite Thai Expreee Al Dente Trattoria The Garlic Restaurant Embassy Reataurant Bar Entertainment l^—^—————— Attractive Set Vleuls Available for Lunch be Dinner «ni-n Sm»»pnrrMWHo2
      224 words
    • 63 15 HMEMTUS MANDARIN SINGAPORE Quintessential Styles The Mezzanine f Gather your tete-a-tete confidante for an early weekend rendezvous. Against the plush ambience, relish a fun-filled fashion extravaganza and indulge in special concoctions of the night. Every Thursday (June 5,12,19, 26) 9:30 pm to 10:00 pm Enquiries: 6831 6286/88 Mezzanine MERITUS MANDARIN
      63 words

  • Executivemoney
    • 1387 16  -  Chasing returns often results in a highly risky, yet low-return portfolio. Tweaking your portfolio which often involves selling investments at a loss may be the best option yet as GENEVIEVE CUA finds out GENEVIEVE CUA PROBABLY the most pointed lesson of the recent vicious bear market
      1,387 words
    • 356 16  -  Bu Genevieve Cua THE standard risk profile questionnaire is used in any number of banks or advisory firms before you are recommended an investment. But it should not be used as the only guide to how much risk you can or should take on in
      356 words
    • 1000 16  -  IIJMIrtd markets Watch ont for upside in Food Empire, Ml, Surface Mount Technology, Hyflnx shares By Robert Halili INSIDERS in Singapore and Hong Kong are trading in tandem again, as the sharp rise in these two markets since May has boosted selling by
      1,000 words

  • SHIPPING TIMES
    • 283 17 Reuters THE Baltic Dry Index fell 5 points to 2134, the Baltic Capesize Index rose 19 points to 2942, the Baltic Panamax Index fell 25 points to 1997 and the Baltic Handymax Index fell 72 points to *****. TIME-CHARTER: Ina *****0 dwt 14 on 57.5 2.5 ge delivery
      Reuters  -  283 words
    • 114 17 [SINGAPORE] The Panama Canal Authority has committed to environmental protection of the canal watershed, focused on the Chagres River Basin and surrounding rainforest which supply water to the shipping lane. The authority signed an agreement with The Nature Conservatory to combat deforestation and monitor water
      114 words
    • 673 17  -  nTiexcIusive NOL said to have shortlisted candidates bat evaluating industry feedback on choice By Donald Urquhart [SINGAPORE] Speculation is rife that former PSA head and ex-government minister David Lim is tipped to become Neptune Orient Lines (NOL) new chief executive, but
      FILE PHOTOS  -  673 words
    • 55 17 [CHONGQING, China] Workers from Chongqing's Navigation Bureau relocate a navigation mark in the Three Gorges Reservoir. With the storage of water and the climbing of water level in the reservoir, workers have to relocate the marks every day to guarantee the safety of all ships passing
      XINHUA  -  55 words
    • 344 17 USs22m project due to be completed by early 2006 AP [YANGON, Myanmar] A South Korean firm has agreed to build a US$22 million cruise ship terminal and hotel complex in the Myanmar capital of Yangon, a report said. S and
      AP  -  344 words
    • 198 17 [SINGAPORE] Malaysian shipowners have called for an update of local customs regulations, describing some as "archaic". "There needs to be some modification to the existing Customs Act 1967. The rules should be altered to suit the current scenario, in particular in a fast expanding
      198 words
    • 512 17 They are seeking new opportunities to ensure their survival AFP [HELSINKI] Northern European shipmakers, having outgrown their home markets after a century of expansion, are moving full steam to Asia in their search of new opportunities to ensure their survival. After contributing to
      AFP  -  512 words
    • 1056 18  -  STRAIT TALK -By David Hughes LAST week was a truly awful one for the international shipping industry. The European Parliament voted to ban single-hull tankers carrying heavy fuel oil from entering EU ports and also to ban the various categories of single-hull
      FILE PHOTO  -  1,056 words
    • 198 18 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 CWTGIobelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines 4 Far Shpg 5 Foong Sun
      198 words
    • 13693 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oesfn Nam Nam* Number Number To CALLAO (CLL) 2064 Peru TO ABIDJAN (ABJ) 2003 Cote D'lvoire 23/04 25/07 MOl PiO NED ACAPULCO 7211E 65 *****606 t0/06 10/07
      13,693 words
    • SHIPS IN PORT
      • 552 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ASIAPRID2335 01/03 J3 A/SIDE 11/06 0630 GOLDENMULIA JB0602 J7 A/SIDE 11/06 0500 OCEANPRIDE 13/03 J10 A/SIDE 11/06 0600 SANDIDEWA 14 127 J5 A/SIDE 11/06 0630 WINSTAR 7 47S03 J2 A/SIDE 11/06 0630 ATLANTIS 7 A7150 J3 11/06 1000 11/06
        552 words
      • 2018 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX ULAC 053N 053N J 14/*****3 1500 **********00 AKINAOA BR 07E 07E 1 1500 *****003 1100 P02 ALABOALI C238E C238E 1 **********00 15/*****306 00 ALAMJAYA 2 8848N 8848N 1 12/06/2003•
        2,018 words
      • 138 25 Job 12 Philippines: Independ Day. Jon 19 Brazil: Corpus Christ Day. Jon 24 Philippines: Manila Day. Jail China: Communist Party. Hongkong: SAR Estab Day. Thailand: Bank Holiday. Jul 14 France: National Day. U Kingdom: Orangmen's Day. Jul 15 Brunei: Sultan Birthday. Thailand: Buddhist Lent Day. Jul 17 S
        138 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        830 words
      • 496 25 CrtMn 180 Mai 992.2 0.4 15.7 0.07 45 0.03 Wrttf MBS J b o.2 M5 0.04 zl O.oS *Z 380 Mm 995.0 0.7 17.6 0.07 74 0.09 n/r) v/v %m/m M/w ff» KKtuod Wo above C35 J 0 0 0 0 0 l$0/Cimac Limits Spet E25
        496 words
    • AIR&LAND transport
      • 562 26 Meanwhile, Boeing reaps rewards of diversifying into defence sector Reuters (PARIS/CHICAGO) European planemaker Airbus will have a lot to boast about at this week's Paris Air Show. Last year it received more orders for commercial jets than its arch-rival Boeing for the
        Reuters; AFP  -  562 words
      • 174 26 Reuters [NEW YORK] American Airlines, the world's largest airline, on Monday linked up with American Express to issue a co-branded charge card that they say can help business travellers save money. The companies said the American Express Business ExtrAA Corporate Card, which
        Reuters  -  174 words
      • 406 26 US govt agency says they can be used to defend the cockpit LAT-WP [WASHINGTON] United Airlines pilots soon may get stun guns to defend the cockpit against intruders, federal officials said on Monday after determining that the devices "can play
        LAT-WP  -  406 words
      • 150 26 AFP [WELLINGTON] Dubai-based Emirates would fly the trans-Tasman routes between Australia and New Zealand from Aug 1, Radio New Zealand reported yesterday. Initially beginning with two flights daily to Auckland, one each from Sydney and Melbourne, a third daily flight will commence on Oct 26
        AFP  -  150 words
      • 215 26 It was imposed for staff payments after collapse of Ansett airlines in 2001 Bloomberg [CANBERRAJ Airline passengers in Australia will no longer be required to pay a Aslo (5511.3) ticket tax imposed by the government after the collapse of Ansett Holdings Ltd, which was
        Bloomberg  -  215 words
      • 330 26 State governor hopes USsl2om package will help land 7E7 project Bloomberg [OJAI, California] Boeing Co. the world's biggest planemaker, would receive a package of tax breaks under a plan proposed by Washington governor Gary Locke to make his state more attractive as a
        Bloomberg  -  330 words
      • 391 26 AP [CHICAGO] Boeing Co admitted on Monday in fullpage newspaper advertisements that some employees "behaved unethically" during a competition with Lockheed Martin Corp for Air Force space launch contracts, but the company defended its commitment to honesty and integrity. Called "An Open Letter
        AP  -  391 words
      • 2000 26 cm RIGHT n» FLIGHT HO IH778 1555 0T5 2250 IM47T1 M s ****** 1555 LH779 2305 ur, M S***** 1555 ****** 2305 WJU 8*7306 1805 SO 2006 2305 S 22 S 56-05 IW9763 2350 J5 M 2345 S026 2350 GA975 0855 KL837 1455 $0989 1T30 *t*Mi
        2,000 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 876 18 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I YESStL VOY PIG ETA SIN |C)HG BEACH DALLAS HOUSTON MEMPHK |ORCA6P| HEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00Q CALIFORNIA 71E24 10/06 11/06 77/04 01/07 04/07 02/07 02/07 05/07 VESSEL VOY ETA SIN Sg RE BNI SYP Mf| iM
      876 words
    • 524 18 Lines serwces represented by :OXH.\ ollheßegiayol M be s.fS§/ XndU Shipping Agen*. log,she, X;my Singapore Shipping Association 500 100 gjjj|l ULY UNE MALE VOY ETA ETA ETA A f. KLAMC SPOBE MALE Mold Carrier 739 A 13/06 15/06 24/06 Princess LiLy 0603 23/06 25/06 04/07 Mold Star 540 A 03/07
      524 words

  • Page 19 Advertisements
    • 1376 19 TO EUROPE FROM EUROPE Ivtssa Ivors* at m w hw wv sou im Ifvtssa Ivor r» mm ham »v sou i» sw I APIINMA 10«* 12/06 02/07 04/07 30/01 HYUWNMM6S 3431 25/05 27/05 29/05 23/05 14/06 MOl INTEGRITY 014W 13/0625/06 30/06 02/07 04/07 05/07 UWH 00K 27/05 29/05 31/05 01/0617/06
      1,376 words
    • 2053 19 -UPCKAM OVt SCIVICi FROM SINCAFOtf TO BUCK SU VU PORT SAID" OBCSSA (VKRAIK) 19 DAYS GOOAIAGOJTS M SMUTOti: M KNMSON It #13-00 SAUS/MGS TEI: 44MSIS7/4J ML 47U5321/I4 I f 5 COSTAR SHIPPING PTI LTD »kwo«nim OUTWUOO/u mmsmj 42MSMS/7S I CONSTANTZA (ROMANIA) 23 DAYS' ai»ll";HOOM« TU: 6776 I *00 (MM) MWUD
      2,053 words

  • Page 20 Advertisements
    • 1159 20 HMN^ HYUNDAI MERCHANT MARINE CO., LTD. Hiwipi|i: wwwJmm2l.com CK NO. **********0H Ivcsa vot sw I sou I ta no law I haq I mv~l [vessel vot sou len m ant ham mv SUi MOL PROGRESS 007W 30/05 20/04 21/04 14/04 11/06 HY DISCOVERY 314 C 13/05 07/0S Of/OS 11/05 31/05
      1,159 words
    • 147 20 MARITIME PTE LID. FULL CONTAINER SERVICES FROM SINGAPORE P. KLANG TO: NHAVA SHEVA CHENNAI ALL ICD LOCATIONS CALCUTTA MUMBAI JAKARTA SURABAYA KARACHI BUSAN DUBAI AND OTHER BANDAR ABBAS ARABIAN GULF PORTS WE SPECIALISE IN CARRIAGE OF OOG CARGOES IN: OPEN TOPS/FLAT RACKS, PLATFORMS. SINO APOM AGENT: INTERLINE SHIPPING PTE LTD
      147 words
    • 1266 20 WAN HAI NTERNATIONAL PTI LTD cr NO: M*****0000/R VW\ WAN HAI LINES V v "nil MHI Llllfci# wnnn>iwmnmcniwiinwawimMMww V ma:<tf)sitmiu:orasi«Ri9aik:vi)im47siu:iuiis«z7i4/stias www wuhii *11i IBTI) 52S4IBNUL (0211 *****8PU111: 7IUM/*****1 BUL7IU7O **'*9 amiOtI)4IS7IM:MI)4tSOf?S/41«2f« I vot I m I m wai mt bm m t »wt m wo too n« wco m fts
      1,266 words
    • 178 20 f KALIMANTAN DIKiCT WEEKLY SERVICE TO JAKAKTA/PALEJAIAMG/DUMAI v«wi \>n sw jkt [runt Ipu*ai~ tAOWAmi 07/03 14/66 11/16 73/66 Dmn st7sj if/fi im H7sr uamuunn w/w H/H (H/W |»/M SURAIAYA/PANJANG »wml I »«t I sw I sm rm O MIA6A I IS/13 I 13/66 11/06 71/0* PERAWANG/PEKAN BAKU I v.t 1
      178 words
    • 705 20 BSA a. MYANMA BB FIVE STAR UNE (MysMMT Natioaol Um) Loadiig for Yasgoa vessu vor sin pri pen pgu PAGAN 306W SU) HPA-AN 307W SU) IN MALAYSIA: 60USTEAD SHIPPING AGENCIES KIIL 03-*****300 PKL 03-*****101 PIN: 04-*****02 BANK LINE (A service of Andrew W»ir Shipping) 1 NORTHBOUND TO EUROPE V CONIMNBt,
      705 words

  • Page 21 Advertisements
    • 1219 21 Ivisstl VOY KHH HKO I SIN I PKL I PXB BAB DMM BIK IRAN KERMAN PCL 31S 10/06 11/06 14/06 15/06 22/06 23/06 29/06 01/07 IRAN ISFAHAN PCL 316 17/06 It/06 21/06 22/06 29/06 30/06 05/07 07/07 IRAN HORMOZGAN PCL 317 24/06 25/06 21/06 29/06 06/07 07/07 13/07 15/07 IRAN
      1,219 words
    • 549 21 A k UK CONTINENT SERVICE Loading for GULSER ANA RDM/ATW/BMNAJK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN Loads Singapore. E/W Malaysia Indonesia MIDDLE-EAST SERVICE" Loading for MARILIS T Oei/ABU/OOH/BRN/DMM/KWT J SAFE DBl/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA "Loads Sngapore. E/W. Malaysia Indonesu USA SERVICE Loading for SEA BEE CAM/NFK/SAV/NOL QUI GONG JINN CAM/NFK/SAV/NOL 'Loads E/W. Malaysia Indonesia
      549 words
    • 1353 21 jesb vai m Esi rasa m je mum OHm 11/0* 12/04 alamjata; M4i 12/0* u/oT^ m<»anpa o?mi< 12/0* n/0* ntrnnut J285 32£ i*/o* PAC lANPA 09*9* ITO4 14/0* AIAMUT* 7 ttg 17/04 H/04 mum W7OW IS/0* 14/0* PACOMTA* 920* 23/0* 25/04 jKum fiszia um mm Pit OAMDA M7;w not n/04
      1,353 words

  • Page 22 Advertisements
    • 591 22 TIGER SKY M9N 1314/04 20 22/06 27 71/0* I TIGER SfA OWN 17 18/04 24 24/04 01 02/07 TIGER BRIDGE WIN 20 21/04 27 21/04 04 05/07 I TIGER SHARK M2N 24 25/04 01 03/07 0801/07 I TIGER SKY M3M 27 2»/06 04 04/07 _IM2/07_| yor sin cal^^si^| XPtES RENOWN
      591 words
    • 1054 22 FREIGHT LINKS EXPRESS PTE LTD--51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 > —"jp Tel: *****511 Fax: *****577 wSR E-mail: flesin@singnet.com.sg LCI SERVICE TO CEBU. PHILIPPINES VESSEL APL QINGDAO V.OIIE ETA SIN 16/06/2003 ETA CEBU 26/06/2003 Booking 6267# 1 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 PROJECT fir HEAVY LI FT CARGO (CONVENTIONAL
      1,054 words
    • 1420 22 Dn7 I IlilCC O MO: **********0 C VM*. k«r.//f4*m- MM 1 1/ MAM TIL 07-6221-1333 FAX: *****1-527? ##X 1 CUSTOM! SOVKL Itt: 07-4221-5596 FAX: 07-4727-1190 SN46APORF: TONG JOO SHIfftWC PTI LTD MU4hp»MM BUH6AOASI 3131 10/04 lon two 1027 12/04 BfcCBRPARA 7 3023 10/86 OMOq 301S 14/0* QUAM U4308 13/04 70/04
      1,420 words



  • Page 25 Miscellaneous
    • 122 25 i REGIONAL WEATHER A 8 FOR 7AM 11 Jun 2003 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots
      122 words