The Business Times, 17 June 2003

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Total Pages: 24
1 24 The Business Times
  • 15 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE Internet: iittp://business-times.asial .com.sg TUESDAY, JUNE 17, 2003
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  • 583 1  -  Benefits expected to kick in within three years: Knight Frank report By Kalpana Rashiwala [SINGAPORE] The US-Sin-gapore Free Trade Agreement will benefit the island's real estate market in the medium term with the office and residential leasing markets likely to be
    583 words
  • 543 1 Compound growth could average as low as 0.7-6% Reuters [LONDON] The world's fund industry, already battered by the bursting of the stockmarket bubble, is facing the prospect of seeing its profits sliced by nearly half over the next few years,
    Reuters  -  543 words
  • 756 1  -  BW!miUWJ By Raju Chellam [SINGAPORE] Singapore is one of three key markets in the Asia-Pacific where the promising nascent market for business process outsourcing is set to take off this year. Already a business that runs to more than US$lOO billion
    756 words
  • 74 1 BTI 1,465.16 (-14.14) ST INDEX FUTURES 1,468.00 (-8.00) SIMSCI FUTURES 153.10 (-1.90) Monday Change KLSECOMP SK3.27 4>«7 NIKKK1 225 8.839.KI 140 81 HANG SENG »«.«4 SET INDEX 429.75 I.7H JAKA RTA < OM P J»12K9 »22 I MANILA ni.MP .1*115.5.1 14 47 TAIPEI WPI 4.*92:W HUM SEOTM'OMP Kutii -742
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  • 82 1 FOREX RATES US* 8$ I SS |SS per I'SS) 1.7i9 V|1 SS'SSprrV|_ l.tiTT 2*99 B KO|rSS/SS/K|. I 192 tm YKX 117.5 «H.»m KM *m 2.198 11KS 7799 4.512 BAHT 41.5® 24IW KI'PIAH X.2W 4.744 RENMINBI K.299 48(11 INDIAN KI'PKK 4*M MM AS 1.494 0.8«4 NZS 1.714 0991 PRIME RATES
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  • Page 1 Advertisements
    • 20 1 SGXlivc! Read independent analyses and consensus recommendations. Goto BT Markets at .com.sg. A free value-added service for BT newspaper subscribers
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    • 8 1 KALPANA RASHIWALA, Pg 8 II 111 8 *****1"*****4
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    • 89 1 Jannie Tay on what being an enlightened entrepreneur means K2 ENTERPRISE, Page 16 p m -'IHli^Lj^^V wmmm Mtffi v, v :JH if iMMrV^^J c v V Braguat. La passion laisse das tracas. Wnstwatch "Classique" tn 18-carat yellow gold Extra-thin selfwinding mechanical move- ->^7/IM/TI// /j/£T~) ment Off-centred subdial for the seconds
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  • NEXTpage
    • ON THE grapevine
      • 174 2 Bull market or beer? THE Consumer Products Weekly had this to say in its May 27 newsletter about Wall Street's recovery: "Memorial Day is always a good time to go camping, so off we went to enjoy the long holiday weekend. The first camp we came upon marvelled at the
        174 words
      • 95 2 XINHUA news agency reports that porn guru Steve Crow plans to sue the New Zealand stock exchange over its new name. The stock exchange last month changed its name to NZX the same as Crow's Auckland-based adults-only magazine. Crow told Sunday News that he owns
        95 words
      • 120 2 WHO says the young get all the goodies? In Australia, a brothel is offering pensioners a 5 per cent discount in what it boasts is a world first. Owner of Viper Room in Brisbane is giving men in their 60s, 70s and 80s who, by
        120 words
    • 207 2 [SINGAPORE] Singapore Airlines says it is talking to unions on retrenching its staff, and admitted it has been sending the message that retrenchments cannot be avoided despite cabin crew agreeing to take seven days' no pay leave every two months, Channel
      207 words
    • 46 2 IN yesterday's Hock Lock Siew column, "Is David Lim the right man for NOL?", we incorrectly referred to Mr Lim as a former politician. Mr Lim is still a Member of Parliament, although he has left his Cabinet post. We are sorry for the error.
      46 words
    • 215 2  -  Fornet challenges Philips' claims; case expected to be heard in October ft/. Angela Tan [SINGAPORE] Dutch electronics giant Philips is suing Singapore firm Fornet International in relation to a patent that covers recordable compact disc technology. In a writ filed with the
      215 words
    • 610 2 New rule says big shareholders, execs mnst e-file trades within 2 days Reuters [WASHINGTON] Investors in US stocks can track the same shares that Bill Gates, Martha Stewart and other corporate honchos buy or sell under a new system putting insid-er-trading
      Reuters; AFP FILE PHOTO  -  610 words
    • 424 2  -  Petronas in talks with tycoon on deal, says source From Eddie Toh in Kuala Lumpur DESPITE a reported setback, Syed Mokhtar Al-Buk-hary may still be able to build a ship-fuelling station in Johor state to capture a slice of Singapore's huge business. A
      424 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 141 3 Deutsche Post Sr World Net MAIL EXPRESS LOGISTICS FINANCE v. 1 <***£' W'z.-i Ifettfefe. A '--Jeß*'i^dwlßMraM Btetw— /v'ln»>" r v^ r flBKwPr\ I i '3jjXj{£ 1 K f I® K. y*JHir/jwS. '.Vv- -vf Jt''. JKdnJ |F{i||KknPjQ Rgl iw iijPißliMMf'i M'lßlMliMßlllft y?' .^BVhvH^H J3S>vjff^^MHß97,flß^^^R9^^HPp*MKSc£ilHß i jy Jy3&ltf &F- k -J p@
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  • Page 4 Advertisements
    • 228 4 .jiL. SB"** FULL APEX (HOLDINGS) LIMITED (Incorporated in Bermuda on 5 April 2002) Invitation in respect of 195,732,000 Shares of HK$O.2O each comprising 150,562,500 New Shares and 45,169,500 Vendor Shares as follows:(a) 19,573,000 Offer Shares at 550.43 each by way of public offer; (b) 176,159,000 Placement Shares at 550.43 each
      228 words
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      246 words
  • SINGAPORE companies
    • 751 4  -  CK Tang takes new $120 m loan facility from OCBC to repay $110 m debt By Kalpana Rashiwala THANKS to a refinancing deal with OCBC, CK Tang is out of danger of losing its prime Orchard Road store to
      751 words
    • 799 4  - UOB's fund raising only half for dividends? quak hiang whai WILL we finally see the unlocking of the value of the prized 4 per cent United Overseas Bank shares that have been held at cost by Haw Par Corporation for years? In recent weeks, analysts have been speculating on the
      799 words
    • 280 4  -  By Andrea Tan MORE homes may be in store at bustling Mohammed Sultan besides City Developments' The Pier, as Jones Lang LaSalle (JLL) has put up for tender a smallish freehold site at 69-70 Mohammed Sultan Road. The 5,338 sq
      280 words
    • 425 5  -  It predicts sales of US$BO-85m a quarter, says most restructuring over By Kenneth Lim DATACRAFT Asia said yesterday that it expects an operating profit for the second half of the current fiscal year while it maintains a revenue forecast of US$BO million to
      425 words
    • COMPANY Briefs
      • 59 5 STARTECH Electronics said its board has accepted the resignation of Saw Chee Keang as chairman. However, Mr Saw will will remain as CEO and a director of the company. The board has also appointed Quek Chek Lan, who was elected a director of the company
        59 words
      • 94 5 Bloomberg SINGAPORE Airport Terminal Services, which moves 80 per cent of cargo at Changi Airport, handled fewer passengers and less cargo in May because airlines had cancelled flights because of Sars. The company, a unit of Singapore Airlines, handled 870,000 passengers last month, a 56
        Bloomberg  -  94 words
      • 82 5 ASIA Power Corp has entered a jomt venture to develop a combined-cycle power plant in Changzhou City in China's Jiangsu province. The plant is expected to have a total installed capacity of 59.6 megawatts and its full commercial operation is slated to begin by
        82 words
      • 81 5 SINGAPORE-LISTED Eu Yan Sang International is expanding into research on medical products for Sars. It announced yesterday that it has entered into a memorandum of understanding with Hong Kong company, CUCAMed, to conduct a programme on developing traditional Chinese medicine products for Sars, including
        81 words
      • 123 5 SINGAPORE Technologies Engineering has appointed the top man in the Singapore army as a non-executive director and a colonel as his alternate director. Joining the board from June 15 is MG Ng Yat Chung, 41, who recently took up the post of Chief
        123 words
      • 53 5 DA YEN Environmental has secured a $14.87 million contract from the Public Utilities Board (PUB) to replace mechanical and electrical equipment at Kranji Water Reclamation Plant. This is the second contract Dayen has secured from PUB to replace such equipment at its water reclamation plants
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    • 426 5  -  It posts $10m net compared to $5.3 m loss a year ago; turnover rises 55% By Daniel Buenas ENGINEERING services and IT Firm Boustead Singapore made a strong recovery in its Financial year ended March 31, 2003. It posted a $10.1 million net
      426 words
    • 271 5 Reuters SINGAPORE Telecom, South-east Asia's largest phone company, said yesterday revenue from its budding corporate text-based messaging service had doubled in the past six months. Sing Tel, whose operations outside Singapore generate two-thirds of group revenue and half of pre-tax earnings, has been
      Reuters  -  271 words
    • 369 7  -  Insufficient volume at JV with DBS Vickers and OCBC Sec By Michelle Quah A JOINT venture that was lauded as a first for the South-east Asian broking industry when it took off in 2001 has called it quits. Asia Converge operated by the
      369 words
    • 323 7  -  By Kenneth Lim HOPING to catch an upswing in the semiconductor industry, precision consumable parts manufacturer Mi-cro-Mechanics launches its bid for a Sesdaq listing today to raise $3.8 million in net proceeds for its expansion. The company, run by American Chris Borch,
      323 words
    • 222 7  -  By Andrea Tan IP Property Fund Asia managed by Capita Land and ING Real Estate will set up a Bangkok property fund with an initial capital investment of 500 million baht (5520.7 million). IP Property Fund Asia has signed a unit holder
      222 words
    • 472 7 It hopes machines will help it turn aronnd this year HEALTH-CARE services company Asia Medic may break Its five-year losing streak this year with the help of three cancer-detect-ing machines. "I hope so. I think it's realistic," CEO Dominic Er said when asked if the
      472 words

  • Page 5 Advertisements
    • 24 5 MID YEAR SPECIAL Get 7 Free Days* from wttf "w Ronault lurodrlvo when driving in ■BBV France/ Europe 'Terms conditions apply "ST Headline 6842-4413
      24 words
    • 32 5 I i^l >prr j 4 r in n J\ take care of it for the ne*t generation Annual Calendar by Patek Philippe Geneva Master Time, Tel: (65) 6732 1506 www gmtsmgapore com
      32 words

  • SINGAPORE markets
    • Article, Illustration
      335 6 OTHER SINGAPORE INDICES Jun 16 VALUE CLOSE BT OB/OS 158 00 -370.00 BTCAM -*****.00 196.00 BT 10-4ayMA -*****.00 +16.00 AI-SGEqaibM 396.29 -4.04 SG Equities Etect 136.61 -1.50 SG EqnitiM Fin 1251.69 -7.39 SG Equitias Prop 378.46 -p.81 MSa Singapore 182.46 -1.81 SiMSCt Futures 183.10 -1.90 Stocks Volume AirOcean 5c 39.665.0CX)
      335 words
    • 280 6  - Sincere and Cortina good options if a retail play emerges HOT STOCR/ WARRANT By R Sivanithy THE stock market thrives on plausible themes the fresher the better. For instance, "unlocking value" forms the basis of plays on stocks that fall outside the non-core business of the banks, while "recovery" underpins
      280 words
    • 775 6  - Cause for optimism or pessimism STOCKS r. sivanithy IF you're an optimist, yesterday's pull-back across the board can be interpreted as an opportunity to buy, particularly if the market rallies should the US Federal Reserve cut interest rates next week as is widely expected. But if you're a pessimist and
      775 words
    • 609 6  -  CURRENCIES Euro and commodity currencies soar; C$ hits 10-year high versus Sing larry wee NEWS that US consumer confidence is wilting sent the US dollar tumbling yesterday, raising fears that the US central bank may cut interest rates by as much as 0.5 per
      Source: Reuters  -  609 words
  • 3628 6 UNIT TRUSTS FUNDS Com Global Infotec ln<Je* Fd' 0 306/ Com Global Energy Index Fd 0 895/ Com Global Travel Index Fd 0 687/ Jf r *f*®> "J?* P Com Spore Bond Fund/* 1108/ Star Europe 1 339/ C r «*1 Agricote Asset Mgt Spore Ltd Star Europe Bal 0.981/
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  • Page 7 Advertisements
    • 26 7 wb DEMAND SUPPLY Make us an of% we can't resist. Seeking tenders? Call 1800-*****22 or email: Recruit®sph.com.sg to book voir Notices advertisenert in our newspapers now.
      26 words
    • 1092 7 Courts (Singapore) Limited Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Singapore Marriott Hotel. Level 2 Legacy Suite, 320 Orchard Road Singapore *****5 on Thursday, 3 July 2003 at 11.00 am to transact the following business
      1,092 words
    • 715 7 lAt last, discover what really works in the BS STOCK MARKET OM and what doesn't Hef strategy are used by "Smart Money'. I Discover: Why Price Action is the most significant piece of information! Why Price Action precedes Technical Indicators! How you can assess a company's fundamentals in 30 seconds
      715 words
    • 180 7 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PREMAS ENVIRON PTE LTD (In Provisional Liquidation I NOTICE OF RESOLUTIONS I Pursuant to Section 290(2Kb1] A( an hxtraordinary General Meeting of the Company held at 51 Goldhill Pla/a. 18-11 Goldhill Pla/a. Singapore *****0. on June
      180 words

  • FOCUS property
    • 755 8  -  Problems are likely if he quotes a bargain basement price, warns Kalpana Rashiwala Kalpana Rashiwala ALL eyes have been focused on contractors since the HDB upgrading debacle in Marine Terrace saw one walking away without completing the job from lack of cash.
      755 words
    • 452 8  -  This signals start of a rebound in property market, says developer By Andrea Tan IN one of its best showing in recent months, property developers sold an estimated 200 private homes over the weekend. This is almost half of the 427 homes that
      CHRIS LOH  -  452 words
  • Page 8 Advertisements
    • 407 8 SIEMENS CENTER 60 MACPHERSON ROAD Prime brand new corporate building with 4 levels of industrial/office space for lease Located within walking distance to Potong Pasir North East Line Station 5 m to 8'" level: 58.000 sf (14.500 sf per level) T O P. obtained Premises with prominent highway frontage Sole
      407 words
    • 110 8 COLLECTIVE SALE Prime Residential Redevelopment Site At Newton Road Novena MRT •NeWtOfl COUlt Novena Sq •Prime residential enclave SUBJECT st.Mkheai-s *Near Novena Newton MRT «Sen SITE p j. •Fringe of CBD Orchard Rd Shopping Belt 5 Gowning c^ y *Near good schools and amenities 5 Plmi r united *Site area:
      110 words
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      307 words

  • SINGAPORE news
    • 410 9  -  Trade war nnlikely even as June 25 deadline approaches By Chuang Peck Ming SINGAPORE is confident of averting a trade war with the Philippines after threatening tit-for-tat retaliation against Manila's move to maintain protective tariffs on petrochemical products. The threat to withdraw equivalent
      410 words
    • 423 9  -  By Kenneth Lim MOST local small and medi-um-sized businesses still lack a complete understanding of branding, but organisers of the Singapore Promising Brand Award hope to change that with a contest. "The Singapore consumer knows what is a good brand, but the Singapore company is
      423 words
    • 225 9  -  =4 on the economy retail By Daniel Buenas THE retail sales and catering trade indices which measure the short-term performance of the retail and catering sectors fell 5.2 per cent and 31.6 per cent respectively for April on a month-on-month basis, according to the Singapore Department
      Source: DOS  -  225 words
    • 396 9 THE Monetary Authority of Singapore yesterday appointed 21 people to the Appeal Advisory Panel to hear appeals from the mainly non-bank financial sector against decisions taken by the authority. Formation of the panel and an Appeal Advisory Committee is provided for under
      396 words
  • Page 9 Advertisements
    • 86 9 I How can you get I $1 million cover for I 10 times less premium? Protection Plan Annual Premium Whole Life $10,790 Elite Term $1,050 savtngs <9.740 Buying a life insurance pokey is a long-term commitment An early termination of the pokey usually involves high costs and the surrender value
      86 words

  • EDITORIAL opinion
    • 743 10  -  THE^mmrn OPINION shada islam FEW can deny that these are historic times for the European Union. While international attention has focused on persistent transatlantic acrimony over Iraq, the 15-nation bloc has been celebrating two key events. These are the rising number of
      743 words
    • 83 10 'Hamas is not some dark, shadowy organisation in a corner. They are part of Palestinian society.' Magnus Ranstorp a Hamas expert at the University of St Andrews in Scotland. on the militant Palestinian organisation. 'All they can do is rough justice. There isn't enough money to compensate
      83 words
    • 540 10 EDITORIAL WE'VE heard it time and again: the Singapore system just doesn't encourage entrepreneurship. Singaporeans are risk-averse, spoilt by a prosperous economy that ensured virtually full employment for decades. Government support looks great on paper but fails miserably in practice. Really? There's no question that these
      540 words
    • 1367 10  -  Look out for the more obvious signs that we all see but often fail to take proper note of as this takes a conscious effort By Roger A Bartlett FROM scanning the press, it is noticeable just how many businesses seem
      AFP  -  1,367 words
    • 277 10  -  MAiLirm Ang Hao Yao Singapore I REFER to the article "Shareholder impotence the biggest issue for Asian firms" (BT, June 12) which was based on an OECD report on Asian countries, including Singapore. Lack of influence on companies has always been the cold hard
      277 words
    • 165 10  -  Koh Kah Yeok Singapore IT came as a big and pleasant surprise to read that the Monetary Authority of Singapore has given insurance policyholders advice on the critical year issue in life policies. When I sent an e-mail to my insurance company asking about the
      165 words

  • REGIONAL news
    • 439 11  -  Payments for oil sales could be made in euros, he says From Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad has reiterated a call to cut dependence on the current weak US dollar in global trade and switch to
      AP  -  439 words
    • 328 11 KUALA LUMPUR AFP MALAYSIA'S no-frills airline Air Asia has crossed the final hurdle to roping in foreign investors and will make an announcement in two weeks, a senior official said yesterday. The 19-month-old carrier obtained the necessary regulatory approval from the Foreign
      AFP  -  328 words
  • Article, Illustration
    1102 11 Transaction date: Jan 16 PITERBAlfK CROSS RATES E! EMf0 HKS Vw won gw m Puts Ptso S$ Bawd Str NT$ Baht Pound US$ Australia 0.892 5.555 0.562 5.220 31.214 54.887 0.787 7.967 2.544 1.147 38.642 35.747 1.157 5217 0.868 ***** 27 815 0 399 0 669 Canada 1.122 6.231
    1,102 words
  • 1639 11 SICOM FUTURES Junie RUBBER Futures (Closing prices) RSS1 (S centsAg) Close Volume Open Month High Low Sett (tonnes) Interest AH 03 178.25 Aug 03 173.00 Sep 03 166.25 Oct/Dec 03 162.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Jul 03 102.00 102.00 101.25 300
    1,639 words

  • REGION world
    • NOTEBook
      • 78 12 AP [PHNOM PENH] South-east Asian nations want Nobel Peace laureate Aung San Suu Kyi to be freed, but hope to avoid an "unpleasant" confrontation with Myanmar's military rulers, Asean secretary-general Ong Keng Yong said yesterday. Asean will discuss Ms Suu Kyi's plight during
        AP  -  78 words
      • 90 12 Bloomberg [HONG KONG] Bank of China Hong Kong (Holdings) should split a unit headed by the daughter of former Chinese Premier Zhu Rongji after the bank's former chief executive was investigated over loans, Apple Daily reported Goldman Sachs Group Inc as saying, without
        Bloomberg  -  90 words
      • 111 12 Bloomberg [BEIJING] China will allow overseas travel companies to operate tours in Beijing, Shanghai and three other major cities in the mainland starting next month, the government said yesterday. Overseas companies will be allowed to open wholly owned or majority-owned travel agencies in
        Bloomberg  -  111 words
      • 66 12 Bloomberg [KUALA LUMPUR] Celcom Malaysia Bhd shares were halted yesterday after Telekom Malaysia Bhd said it has won more than 90 per cent of the country's No 2 cellular operator through a RM3.5 billion (Ssl.6 billion 926) takeover offer. Telekom said on Friday that it
        Bloomberg  -  66 words
    • 462 12 JAKARTA Bank names new president after deal on majority stake sale is closed Reuters Bloomberg SINGAPORE'S Temasek Holdings yesterday said it was considering buying more shares in Indonesia's fifth largest bank. Bank Danamon, as the deal was closed for a consortium it leads to take
      Reuters; Bloomberg  -  462 words
    • 313 12 BANGKOK Bnt Sars crisis expected to undercut Q2 growth Bloomberg AFP THAILAND'S economy defied the Sars crisis to grow 6.7 per cent in the first quarter, a much stronger than expected performance that prompted authorities to raise the 2003 forecast by a
      Bloomberg; AFP  -  313 words
    • 254 12 Reuters [TOKYO] Scared of losing your pooch? Japan's largest home and office security provider Secom Co Ltd thinks it can offer the paranoid pet owner a little peace of mind. Secom said yesterday it plans to unleash a new service later this month
      Reuters; REUTERS  -  254 words
  • Page 12 Advertisements
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      381 words
    • 202 12 Hmeritus mandarin singaporeT <3fc Stmpfy t^ulndonestanl Ji^^^2_-30june2003_ TUck into all-time favourites like Tahu Teior, Soto Madura, Kambing Rendang and more at our buffet lundi. Weekdays $2280*(Aduh) $14.80*(Child) Weekends 523-80* (Adult) Sls.Bo*(ChfcD Reservations: 6831 6286/88 •Prices are subject to 10% service charge and prevailing government taxes. Mezzanine MANDARIN <•*■« 333 Orchard
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  • 5363 13 Transaction date:Jun 16 HONGKONG vi HKRInri. 1.S2 001 1655 WK$ +A 'DOB Hong Kong Electric 31.40 0 20 1863 Hongkong Chinese 0.80 -0.02 3158 Alpha General 0.28 unch 0 Hongkong Chinese Ltd 0.80 -0.02 3158 Ananda Wing On 0.01 unch 0 Hopewell Holdings 8.15 0.15 3345 Angang New
    5,363 words
  • Page 13 Miscellaneous
    • 208 13 CRYPTIC CROSSWORD vestment (6) 30 Injury when outside left fore exam (6) YESTERDAY'S SOLUTION stumbled is a break (4-4) 11 can report it improved, doc- Across-1 Roval Oak qpntir 31 The ore needs refining to tor (12) AcroM. l Hoyai oak, 5 beptic, thie ir\ <c SLI. w l. 10
      208 words
  • WORLD news
    • 554 13 LE BOURGET, France Emirates to buy 41 planes in single biggest wide-body jet order for Airbus Reuters Bloomberg EUROPEAN plane maker Airbus SAS trumped archrival Boeing Co yesterday, unveiling a record US$l2.5 billion order for 41 widebody jets from Dubai-based airline
      Reuters; Bloomberg; AP  -  554 words
    • 352 13 NEW YORK Cars, housing, drinks, tobacco costliest in EU Bloomberg LONDONERS pay more for cars, housing, alcohol and tobacco than other Europeans and a taxi ride costs four times as much as in New York, a survey showed. Monthly rent for an
      Bloomberg  -  352 words
    • 355 13 NEW YORK Reuters Bloomberg AMERICAN Express put itself on Europe's asset management map yesterday by buying UK fund manager Threadneedle from Swiss insurer Zurich Financial Services and said Asia could be next in its sights. The US financial services group is buying Threadneedle
      Reuters; Bloomberg  -  355 words
    • 380 15 It needs fands to help repay debt and finance new plant Bloomberg [TOKYO] NEC Corp revived a share sale in its chip unit, betting it can pull off the nation's second US$l billion offering in a month after the Nikkei 225 Stock Average
      Bloomberg  -  380 words

  • 2683 14 Transaction date:,Jun 16 KITAT.A LUMPUR GanadCorp 101 402 28 MftLALUMrUK GeneralCorp .0.51 -002 382 rm coooi General SoJ 126 unch 0 Genting 14 00 -020 239 ASM Realty 0.81 4 05 18 George Kent 0 36 4 02 82 Abric 089 406 602 Gtobetrooia Te<h 505 0 05 94
    2,683 words
  • 766 14 Transaction date.Jun 16 w—M— i am a—til ww>— w o— Mmtt 0 46 1050 .0 030 NjSntiVk OK J MO OOSO CK OM 51» «100 03C IB T020D 0 100 CJC»iAand 121 IJ30 -0 030 OUC 0» 7 050 «OWO Oi«l tomOsai 3fc OK OHO OMO WiW|H& 047 0.7*0
    766 words
  • 575 14 BONDS WARRANTS Pram Expiry Last Vol Coo* Utr Disc G*ar- Mths Company Sato «r- COOP) titw Price imq LHt ASTIW*****1 AS 1 16 36 2 S4 12 AanaltdW*****6 15 1 50 442 6.33 17 Amtek W*****0 .66 -1 12 1 33 3 1.45 24 Armstrong W*****0 3-5 -OS 250 1
    575 words
  • Page 14 Advertisements
    • 73 14 111 jfe 'i For 15 years, the Children's Day Carnival has been extremely popular with Singaporeans. Now, from just $9700 for an package, we can offer you space and the means to target your markets through our Chinese newspaper publications. With Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News
      73 words

  • 6658 15 Transaction date: Jun 16 52-Wk Last Vol Day Last Quote GrOiv Dry GrYM Not MCap W# taw CmgmjL Sate ♦<- rooo) Wgd low B«yr Mg Cvr W M ABNAmroNLG 56c 9 12 14 1388 16 9 ACE Dynamks20c 15cd +0 5 122 IS 14.5 15 15.5 100 133.3
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  • 61 15 D»* LMQaot* GrtMv tXv GrVW NM WCas CBinpwiy Sj*t w- row) Hi» Lw i+m Cw HI v3 9600 89 Diamonds US8780cd 3810 2700 IS DJ US Tech US3740 555 555 IS MSCI Spore US555 8270 8200 ISS4P500 US8270*d ***** 8280 STORS US9650cd 1670 1230 STIETMOO 1492 3 1500
    61 words
  • 1755 15 tt-rn Last Vat Day LastQuote Grow On GrVtd MM MCm m» Low Cowjniy Sale W- row W#i Lw »«r SaO» Cw Wi >3 17 7.5 ABR Hldgs 5c M -0.5 20 14 14 14 14.5 27 24 15 APOilSt 115 20 5 21.5 27 2.6 6.3 7.9 119
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  • 346 15 52-m Lett Vol Day Last Quote GrOlv Dw GrVM NaC MCaa High I—» Cawpair Sale w- (HOW l—t >»>«i SaBar Cur HI Sam 153 81 AVJ«nn.ngsA25c A150td *3 522 153 150 149 150 40 3 4 6.7 8.7 3228 Cathay Pat 20c HK720 265 2.1 7 4 6
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  • Page 15 Advertisements
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      93 words

  • FOCUS enterprise
    • 876 16  -  To an enlightened entrepreneur, making a difference to people is vital, Jannie Tay tells Daniel Buenas Daniel Buenas IT may seem strange that the managing director of a company with revenues of $250 million would downplay the importance of money, but that's exactly what Jannie Tay of
      FILE PHOTO  -  876 words
    • 444 16  -  By] Leonard Lim THERE is a popular saying that "when you fail to plan, you plan to fail". Nowhere is this more true than in the business world, with many entrepreneurs seeing their start ups bleeding red ink due to inadequate long-term planning. There are ways to manage
      444 words
  • Page 16 Advertisements
    • 58 16 Break free av oid the squeeze. Shop with us first this H Weekend in the comfort of your armchair. And discover H H what's new and news -at the malls. SHOPPING, H ever y in The Busin ess Times Weekend edition. H h d SUBSCRIBE NOW! To get BT Weekend
      58 words
    • 1137 16 NnrHpntl Nordea Bank Finland Pic Statement of accounts for the year ended 31st December 2002 Consolidated Balance Sheet pun minion) Consolidated Profit and Loss Account (EUR million) Mote 2002 2001 Note 2002 2001 Interest income 10.341 7,994 L*Md assets 4.533 2.928 Interest expenses -6,603 -5.379 Debt securities etafcte tor refinancing
      1,137 words

  • Shipping times
    • 274 17 Reuters The Baltic Dry Index rose 6 points to 2141, the Baltic Capesize Index fell 2 points to 2955, the Baltic Panamax Index rose 22 points to 2015 and the Baltic Handymax Index fell 19 points to *****. TIME-CHARTER: Meynell relet (built 1997) *****7 dwt delivery Qingdao 25/30
      Reuters  -  274 words
    • 268 17 SGX '000 JwW S$ Vol CWT Distribution 0.64 0.05 1524 Choan Hup 0.40 -0.01 1265 CH Offshore 0.20 -0.01 118 Coscolnv*stm*nt_..0.27 -0.01 659 Fr*iqht Links 0.06 unch 300 GB Holdings 0.66 -0.02 400 Jaya Holdinqs 0.34 unch 416 K*pp«l Corp 4.70 -0.06 1615 K1 Venture 0.20 unch 1981
      268 words
    • 610 17  -  2 advisory panels seen polling maritime trade out of logistics' shadow By Beth Jinks [SINGAPORE] Hong Kong's shipping industry has embraced the government decision to replace the Port and Maritime Board (PMB) with two separate high-level advisory councils, a move some
      FILE PHOTO  -  610 words
    • 250 17 AFP [TAIPEI] The United States is to send customs and security officials to Taiwan's largest harbour as part of Washington's global antiterrorism efforts, it was reported on Sunday. An official from the US Homeland Security Department was quoted by the United Daily
      AFP  -  250 words
    • 208 17 Bloomberg [DUBAI] Iraq's largest commercial port. Umm Qasr. was expected to reopen to commercial traffic yesterday when a ship carrying cars and other commercial goods arrives from Dubai, the US-led occupying force said. The ship, carrying the first commercial cargo since the end of the
      Bloomberg  -  208 words
    • 218 17  -  CMACGM staying pat at Westport, says chairman Beth Jinks [SINGAPORE] Westport chairman G Gnanalingam has dismissed as "baseless" media reports that his Port Klang terminals are set to lose French line CMA CGM to Johor's Port of Tanjung Pelepas (PTP). Widespread speculation,
      218 words
    • 252 17  -  By] Donald Urquhart [SINGAPORE] Maritime safety in the Philippines is set for a major revamp after the country's president vowed to improve its woeful maritime safety record after the latest ferry collision last month killed at least 46 people. President Gloria Arroyo vowed to
      252 words
    • 829 18  -  ADMIRALTY CASEBOOK Direct judicial sales of arrested ships have been gaining in prominence in recent years Contributed by' Winston Kwek Contributed by Winston Kwek, Admiralty Shipping Practice Group, Raja 4c Tann UPON a court order being made for appraisement and sale
      829 words
    • 717 18 The Laurentian a case study THE above factors were all vividly brought to life in the case of the Laurentian. Built in 1983 as a supply boat for the offshore oil industry, she was converted in 1988 to a seismic research/survey vessel and then subsequently upgraded twice. In recent years,
      717 words
    • 113 18 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globehnk ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Fuji trans 2 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien
      113 words
    • 9056 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage 'elepTione SIN Dest'n Name Name Number Number SIN Dest n Name Name Number Number 05/07 13/07 IRISL IRAN TEHRAN PCL 3!« 45******44 To ABIDJAN (ABJ) 2003 Cot* Olvoire 05/07 >4/07 Hyundai mm hy «vance osew
      9,056 words
    • SHIPS IN PORT
      • 733 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL OCEANIC PESC 10 J8 A/SIDE 16/06 1800 PN SUKSES 3 0303 J5 A/SIDE 16/*****0 SILVER RIVER 2 J5 A/SIDE 16/*****0 TIRTASARI 39/03 J12 A/SIDE 16/*****0 UNION STAR38 07/03J J2 A/SIDE 16/*****0 BAYSWATER118 M3135 J3 16/*****0 16/*****0 BAYSWATER228 E3135 J3
        733 words
      • 2181 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr Aa HIBISCUS 0805 080S 1 **********00 1 18 00 B03 ACX MAGNOLIA 064N 064N 1 17/*****3-0800 17/*****3 22 00 T01 ALTONA 0345 0344 1 17/*****3 23 00 18/*****343 00 P03
        2,181 words
      • 132 23 Jan 19 Brazil: Corpus Christ Day. Jan 24 Philippines: Manila Day. Jail C/sina: Communist Party. Hongkong: SAR Estab Day. Thailand: Bank Holiday. Jul 14 France: National Day. U Kingdom: Orangmen's Day. Jul IS Brunei:Sultan Birthday. Thailand: Buddhist Lent Day. Jul 17 S Korea: Cons Day. Jul 20 Japan:
        132 words
      • 810 23 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        810 words
      • 529 23 Carbon <80 Max 992.2 0.4 15.7 0.07 45 0.02 Jufl 12 Density Water Besidue AshAluminiow Sediment "o above E25 3 0 4 0 380 Ave 985.6 0.2 M.4 0.04 21 0.02 t,.* 380 Mai 995.0 0.6 17.6 0.09 74 0.09 It/W %M/M »M/w mi mmm No
        529 words
    • AIR&LAND transport
      • 418 24 PARIS AIR SHOW Boeing says they'll share development costs of new 7E7 twin-aisle plane Bloomberg [PARIS] Planemaker Boeing expects Kawasaki Heavy Industries and other Japanese suppliers to take at least a one-fifth stake in the development of its new 7E7
        Bloomberg; AP  -  418 words
      • 401 24 Its jets '8-10% cheaper' to ran than rivals' Bloomberg [PARIS] China Aviation Industry Corp I, the country's biggest stateowned planemaker, said its planned regional jet will be cheaper to buy and operate than rival models built by Bombardier Inc and Empresa Brasileira
        Bloomberg  -  401 words
      • 659 24 US carriers are adding more seats to economy class LAT-WP [BALTIMORE] Just as the busy summer travel season took off this month, American Airlines announced it would scrap its roomier economy-class seats on nearly a quarter of its flights serving leisure and vacation markets. Midwest
        LAT-WP; AFP  -  659 words
      • 215 24 It will increase fleet to 12 and add flights to 4 US cities AFP (TORONTO) No-frills airline Jetsgo. marking its first year in business last Thursday. announced it was expanding its fleet to 12 aircraft as well as adding new services to
        AFP  -  215 words
      • 306 24 Bloomberg [SEOUL] Korean Air Co, South Korea s largest carrier, will resume flights on seven routes as early as Sunday as easing concerns about Severe Acute Respiratory Syndrome (Sars) encourage more people to travel. The airline will resume weekly flights
        Bloomberg  -  306 words
      • LOGBook
        • 86 24 Bloomberg [HONG KONG] Hong Kong Dragon Airlines said the city's government renewed its rights to fly six routes in Asia. The airline doesn't plan to use the rights until demand for travel improves. Hong Kong's Air Transport Licensing Authority extended Dragonair's rights to operate regular
          Bloomberg  -  86 words
        • 48 24 Bloomberg [SYDNEY] Richard Branson's Virgin Blue Airlines, Australia's No 2 carrier, is seeking permission to start services to Fiji, New Zealand and Vanuatu, the International Air Services Commission said. The Brisbane-based airline wants to start those services from October, the commission said. Bloomberg
          Bloomberg  -  48 words
        • 109 24 Xinhua [GOLMUD, Qinghai] A 4,800-metre-long runway is under construction at Golmud Airport, northwest China's Qinghai Province, making it the country's longest civil airport runway on completion. Golmud Airport was originally a small airport built in the 1970s to handle only light aircraft. With the implementation of
          Xinhua  -  109 words
      • 2059 24 CUT rUCHT ET» FLIGHT £70 LM or70 2235 Gu«0o> $0603 t910 CZ352 0810 ***** 2235 CZ351 230$ S0S04 1015 tmltitw *183? 1455 G*974 0130 J"™ S5 K1838 2255 S0175 1830 **740 1430 S024 2344 MtVai T6407 1545 TG408 1645 *tftm $0347 0555 ItoCMMMiCttv **741 1325 VN742
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  • Page 17 Advertisements
    • 12 17 ADMIRALTY CASEBOOK 'Fast track'sheriff sales and the benefits they offer Page 2
      12 words
    • 183 17 42 Circular Road Singapore *****8 I JT: 65-6536 2029 www.molfy-malone.com H I Get Shanghai'd at Molly's! I Shipping Industry Night every Tuesday I Free rum shots from a bevy of fine-looking Rum Runners H "Hoist the Jolly Roger" from spm to Bpm with I draught Heineken and Tiger at $8.80
      183 words

  • Page 18 Advertisements
    • 658 18 Import i NORTH AMERICA AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) AUSTRALIA ASIA EXPRESS (AAX) rasa voy ig wo vissa vor m std m m m pkg 00(1 CHMW 42W22 04/06 77/06 76/06 API IVORT 60N 07/06 09/0* 11/0* 11/0* 17/04 77/06 76/06 PtO NfDUOYD STUYVESANT 16W23 11/0* 29/0* 01/07 PAO
      658 words
    • 474 18 Lines services represented by fSmd Accredited Sl**g Age*. '-n. "y Singapore Shipping Association ssoogtion ULY UNE MALE f KSSft VOY ETA HA ETA A P. KLANG SPOKE MALE Princess Lily 0603 25/06 27/06 05/07 Mold Star 540 A 03/07 05/07 14/07 Empress Lily 0403 13/07 15/07 24/07 Maid Carrier 740
      474 words

  • Page 19 Advertisements
    • 1243 19 I TO USA (SAX SERVICE) VESSEL VOT SIN ETA LAX OAK DAI HOU CHI COi MEM ATI NYC API ENGLAND 1191 IS/06 03.07 07.07 M/ 07 08/07 08/07 0»/07 M/ 07 11/07 11/07 API CANADA IMi 25/06 10/07 "m 707 15/07 15/07 IS/07 IS/07 15/07 U/07 l«/ 07 API SCOTIAND
      1,243 words
    • 1886 19 "UPGRADE OiR SERVICE FROM SINGAPORE TO BUCK SEA VIA PORT SAW* ODESSA mum udays G4KUI MOTS W SMGAfOtf. MIOMNSONIOII2-00 SAUS/KGS IE; *****157/41 fAJL 47M5371/34 I JJ J55 COSTAR SHIPPING PTE LTD ""SfirSL. I cO,ISTA,ira (ROMANIA) 23 DAYS CI Mk 1 1717W0000M 1* *W4 I too (MAM) MMMDn 01 *****714 2
      1,886 words
    • 585 19 JtBXL VOY y WILTBS PUS SHA IW( VBSa VOY SIG JKT GAMTABHUM N079 20/0 75/6 26/6 1/7 3/7 S/7 NITHIBHUM Qfi 21/6 2S/6 ARAN BHUM N2BB 27/6 2/7 3/7 8/7 10/7 12/7 NITHI BHUM OSS 28/6 1/7 2/7 HUNSA BHUM MO6B I 4/7 I »/7 10/7 15/7 17/7 19/7 [iTHiBHUM
      585 words

  • Page 20 Advertisements
    • 1106 20 HMNE= HYUNDAI MERCHANT MARINE CO., LTD. wwwJ—2l.c—i CR NO. **********0H [vtssa voy sou in rtm ant mm mv vissil voVJ sou j leh rtm ant ham Mtv |sm api Denmark iom i»/M 07/0/ ~09 or II or moi rtouru oo«~ joTm "ii/os 26/ os 27/ os 17/06 MOL PRIORITY 007*
      1,106 words
    • 21 20 Bunkum Bunker? Check it out in Shipping Times daily Bunker reports. FOR STRAIGHT TALK ON SHIPPING MATTERS EVERY WEDNESDAY Shipping Times
      21 words
    • 551 20 yw\ WAN HAI LINES V TIL *****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: *****588/1800-*****00 MilHiHI VESSEI VOY SIN m KK lOj JAKARTA Ml? ASIA EXPRESS
      551 words
    • 719 20 BSAi MYANMA BB F|VE STAR une (Myoimr NotiMai Line) loading for Yongoi VESSEL VOT UN PKI PEN PGU PAGAN 306W SU> HPA-AN 307W SU> IN RUUYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 BANK LINE (A service Andrew Weir Shipping) I NORTHBOUND TO EUROPE V CONTAINER, RORO, BBULK
      719 words

  • Page 21 Advertisements
    • 1375 21 [VESSEL VOY KHH HKG SIN PKL DXB BAB DMM UK IRAN ISFAHAN PCL 316 17/06 IS/06 21/06 22/06 29/06 30/06 05/07 07/07 IRAN HORMOZGAN PCL 317 24/06 25/06 2S/06 29/06 06/07 07/07 13/07 15/07 IRAN TEHRAN PCL 318 01/07 02/07 05/07 06/07 13/07 14/07 20/07 22/07 UNOAVIA PCL 319 08/07
      1,375 words
    • 541 21 UK CONTINENT SERVICE Loading for GULSER ANA RDM/ATW/BMN/UK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN Loads Singapore. E7W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for MARILIS T DBl/ABU/DOH/BRN/DMM/KWT J SAFE DBl/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA "Loads Singapore. EVW Malaysia. Indonesia USA SERVICE Loading for SEA BEE CAM/NFK/SAV/NOL QUI GONG JINN CAM/NFK/SAV/NOL 'Loads E7W Malaysia Indonesia F.E./S.E.A. SERVICES
      541 words
    • 920 21 -yksb m m _msa vor s« PAC lAMDA 0969N 14/06 14/06 PAC SULU 1004 13/04 16/06 -MOABM owm IS/04 U/04 _UUMM wos ~14/06 jiff ncum* 097 m u/ot 17/04 pacmiu im to/oa n/t* PAC lANDA fiSZ2! ]iM ivo* PACMKTAN 9m 23/06 25/06 PAC ianda fisza LSZS4 20/Q* PACIANDA OS74N 21/04
      920 words


  • Page 23 Miscellaneous
    • 124 23 g REGIONAL WEATHER y FOR 7AM 17 Jun 2003 sgß3gj|j| Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Fu 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
      124 words