The Business Times, 18 June 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE Internet: nttp://business-times.asial .com.sg WEDNESDAY. JUNE 18. 2003
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  • 605 1  -  By Chuang Peck Ming [SINGAPORE] Employees in sectors hit directly by Sars are likely to see their pay dip by as much as 15 per cent this year, according to a survey. But overall, the survey by the
    605 words
  • 394 1  -  Tech stocks in play as investors bet on recovery in manufacturing By i Kenneth Lim [SINGAPORE] The Straits Times Index surged to a near 10-month high yesterday as optimistic investors reacted to better-than-ex-pected manufacturing news from the US. Technology stocks comprised three
    Source: Bloomberg  -  394 words
  • 119 1 Reuters [NEW YORK] US stocks pared gains and were modestly lower in midmorning trading yesterday, as investors digested a slew of economic data and locked in gains from Monday's rally. A rise in housing costs pushed underlying US inflation up at its fastest rate
    Reuters  -  119 words
  • 73 1 MUM (+28.53) ST INDEX FUTURES 1,495.00 (+27.00) SIMSCI FUTURES 186.20 (+3.10) Tuesday Change KI.NKCOMI* S85JC 79 SIKKKI 22'» JMttllHl IW.I7 HANG SENH -...10.0:10:17 |liK09 SET INDEX 442:1(1 .|4» JAKARTA «>MP ..Sltt.tM 4.85 MANILA COM I' Iift4:>| TAIPEI WPI 4.97:119 .*0*1 SKOl LCOMP K74M* Hi*4 SHENZHEN B 221.24 4193 AI'ST
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  • 89 1 FOREX RATES us$ s$ I "SS (SS |*t I SS| 1.727 V(l SS SS P»T V| l ttK.1 2907 KI WM! SS/SS/K|. I irct 2<M.1 YKN 117.7 «8.I0 KM -1KMU ±2W» HKS 7.799 (SK KAHT 4I.M 24 iM KIHAH H.I91 4.744 RKNMINBI K.299 4 Indian m 4««a turn AS
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  • 778 1  -  HOCK LOCK SIEW Focus on the premium market and let a local, no-frills start-up compete with Air Asia, says Beth Jinks Beth Jinks WHATEVER inspired Singapore Airlines' sudden interest in the discount market a niche it has never before considered? Premium carrier SIA itself has
    778 words
  • Page 1 Advertisements
    • 17 1 i w Telecom Asia Awards REPORT, Patje 3 Life insurance: more transparency needed EXECUTIVE MONEY, Page 16
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    • 199 1 v BUY Indonesia, the Philippines M and Thailand, says market v quru Dr Doom REPORT. Page 9 interested in a low interest rate mortgage on |your property investment? US dollar and Sterling Pound lending rates are at forty year lows! Source: Woomtoff Whether you are borrowing to purchase or refinance
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  • NEXT page
    • 208 2 [SINGAPORE] Richard Li will step down as chief executive of Hong Kong phone giant PCCW but will remain chairman and executive director. Mr Li, 36 year-old son of tycoon Li Ka-shing, is making way for Jack So, a transport executive who
      FILE PHOTO  -  208 words
    • 466 2  -  Having enhanced its protection, S'pore edges out Japan in latest poll By l Chuang Peck Ming [SINGAPORE] Singapore has edged out Japan to become Asia's safest place for intellectual property, says the latest poll by Political and Economic Risk Consultancy (Perc). "Foreign companies
      Source: PERC  -  466 words
    • 560 2  -  Byi Chuang Peck Ming [SINGAPORE] Singapore s key non-oil domestic exports rose 8 per cent in May from a year ago, improving on the 4.4 per cent growth posted in April, thanks to a low base and strong shipment of pharmaceuticals to
      Source: IE S'pore  -  560 words
    • 399 2  -  This is expected to save $2m-s3m in annual costs By] Kenneth Lim [SINGAPORE] IN an effort to minimise start-up costs, SBS Transit said yesterday that the much-awaited North-East MRT Line (NEL) will not stop at two of the 16 stations when
      399 words
  • Page 2 Advertisements
    • 225 2 Log on to BT Online and check out our archived columns. This value-added service is free to BT newspaper subscribers. For others, it will be a premium subscription service from 4am to 2pm. Call 6388-3838 for details or go to http://business-tlmes.asial.com.sg JHferita,ge Sp „Z~cny I&3T fm» B G«lf A Lake
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    • 101 2 Since 197S our worldwide staff of over WVVV 275 multi disciplined professionals including lawyers chartered accountants. *0 j chartered secretaries and bankers have Wy provided confidential and cost effective f, company formation tn all the major low tax i». areas including The WOrld S Incorporation Fees from USS500 Full professional
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  • SINGAPORE companies
    • 577 3  -  This is its 6th consecutive win; Optus chief named best Asian telecom CEO By Angela Tan DESPITE tough domestic and overseas markets, Singapore Telecommunications (Sing Tel) has won the best Asian Telecom Carrier Award for the sixth year in a row this year, beating
      FILE PHOTO  -  577 words
    • 201 3 CHINA membrane technology firm Sinomem Technology debuts on the main board today, but only about one in seven applicants will have anything to trade. Of the 16,792 valid applications for the enlarged public tranche of 10.2 million offer shares, only 2,432 will be allotted
      201 words
    • 291 3  -  By 3 Michelle Quah MAINBOARD-LISTED GP Batteries International saw net earnings rocket 90 per cent in the year to March 31, 2003 powered by better sales and a more stable market. The company returned some of its takings to its shareholders, by
      291 words
    • 148 3 ROBERT Kwan, who stepped down as managing director of McDonald's Restaurants in Singapore late last year, has become the biggest investor in Full Apex's initial public offering, the placement tranche of which has been fully taken up. Mr Kwan, the founder of McDonald's here and
      148 words
    • 258 3  -  By] Kalpana Rashiwala SNP Corporation has inked a deal to buy a majority stake of 56.42 per cent in Hongkong-listed LeefungAsco Printers Holdings Limited for about HK$323 million (Ss72 million). This works out to HK$l.42 per share in Leefung, and the
      258 words
  • Page 3 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      333 4 OTHER SINGAPORE INDICES Jun 17 VALUE CLOSE BTOB/OS 381.00 +223.00 BTCMN -*****.00 +117.00 BT 10-day MA -*****.00 +38.00 AN-SGEquitiM 403.46 +7.17 SG Equitta Ekct 137.69 +1.08 SG Equities Fin 1281.29 +29.60 SGEquHitsProp 382.33 +3.87 MSCI Singapore 185.90 +3.44 SiMSCI Futures 186.20 +3.10 Slocks Volume Chart SemiCond 26c 47.958.000 UniFiberlOc 35.269.000
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    • 903 4  -  AIMJ.M1UUWJ CURRENCIES larry wee RATE-CUT fever continues unabated, and attention this week is focused on the effects of a predicted cut by the US Federal Reserve when it meets in a week's time. How much further can the US dollar fall? And
      903 words
    • 791 4  -  -1 i comment STOCKS r. sivanithy MONEY managers and insurers, flush with cash and confronted by minuscule interest rates and bond yields that are at 45-year lows, appear to have suddenly realised that they were heavily under-invested in equities. As such,
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  • 3638 4 UNIT TRUSTS FUNDS Oxn Global Infotec Index Fd< 0.302/ Com Global Energy Index F<J 0 886/ Com Global Travel Index Fd 0 685/ MN Anvo AiMt Mgt (f pore) Com S pore 8ond Fund/* 1108/ Star Europe Eqty!** 0.672/ Star Europe Bd 1.347/ Credit Agncole Asset M«t Spore Ltd Star
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  • SINGAPORE companies
    • 407 5  -  They vote to keep construction gronp as a going concern By. Andrea Tan About 300 creditors braved the morning rain yesterday for a three-hour-long meeting with financially troubled Econ Corp Ltd and successfully staved off a judicial management threat against the construction group. At
      407 words
    • COMPANY Briefs
      • 64 5 SINGAPORE Telecommunications' mobile unit said yesterday it would be announcing its 3G tender results shortly. Lucas Chow, chief executive of Sing Tel Mobile, said there would also be no major changes in the tender specifications for SingTel's 3G despite changing market conditions. It has
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      • 69 5 ENG Wah Organization has reported net profit of $2.25 million for the year ended March 31,2003, down 3 per cent from the corresponding period last year. The cinema operator achieved a 2 per cent increase in turnover to $20.9 million with all business segments showing
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      • 80 5 WIRE harness company Greatronic said it is in talks to acquire a 51 per cent stake in Total Solution Marketing Services (TSMS), a sole proprietorship which trades in sound and lighting equipment, and lighting and lighting accessories. Greatronic believes the purchase will allow it
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    • 249 5 JTC Corp subsidiary Ascendas has taken an 89 per cent stake in a joint venture to develop a project in Chennai, India, that will see the development of about 1.5 million sq ft of business space in phases. The project's first phase, costing
      249 words
  • Page 5 Advertisements
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    • 1194 5 W l GP Batteries International Umtted (Incorporated In Iw of Singapore) Announcement of Unaudited Results and Dividend for the year ended 31 March 2003 The Board of Directors of GP Batteries International Limited Is pleased to announce the unaudited results of the Group for the year ended 31 March 2003
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  • SINGAPORE news
    • 452 6  -  on the economy education They led education services cluster with 22% rise in average .annual pay to $89,000 By\ Daniel Buenas AVERAGE annual pay per employee for most sectors in the education services cluster increased in 2001, led by the
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    • 506 6  -  By Parvathi Nayar "IT places Singapore right in the middle of the arts in the region and places the arts in the mainstream in Singapore." That's Esplanade's programming director Geoff Street describing the role played by the second biennial Asian Arts Mart
      506 words
    • 251 6  -  Owners lower expectation to $30m: sources By\ Kalpana Rashiwala JONES Lang LaSalle is relaunching the tender for Woodleigh Grove's collective sale, which closed unsuccessfully in February. Sources say that this time, the owners' expectations have been lowered to about $30 million from $34-45 million
      251 words
    • 341 6  -  By Leonard Lim Sweet success! That's what Chinatown Food Corporation managing director Sunny Koh is betting on his white fungus dessert to deliver. In fact, he expects the fungus to earn at least five times the current revenue once a newly packaged version of the
      341 words
  • Page 6 Advertisements
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    • 531 6 fiPacademy Empowering the Intellect What intellectual property, and how can you make it work for you? v How can you manage your company's intellectual assets for maximum benefits? How can you boost your career prospects and play a role in Singapore's developing IP arena? The IP Academy is the focal
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    • 458 6 cdn*foimiM«& IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF CAP PROTOTYPE B4GMEERMG (SMGAPORE) PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of CAP PROTOTYPE ENGINEERING (SINGAPORE) PTE LTD duly convened and held at Block 5000
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  • INTELLECTUAL property
    • 970 7  -  ChuangPeck Ming talks to an ex-lecturer who realised that people hate scrolling, and offers PC users the option of flipping pages instead Chuang Peck Ming THE personal computer revolution has, contrary to expectations, led to more use of paper. If there's any
      CHRIS LOH  -  970 words
    • 729 7  -  Realising its importance, STMicroelectronics invests heavily in R&D By Chuang Peck Ming IT'S the name of the game in the semiconductor business build up a big portfolio of intellectual property protected by patents. "Everybody in the industry is at it,"
      CHRIS LOH  -  729 words
  • Page 7 Advertisements

  • EDITORIAL & opinion
    • 649 8  -  bottom line OPINION v. anantha-nageswaran THE Japanese deserve our sympathy for wondering if there is any fairness left in the world For almost a decade, they have had to contend with a stream of US visitors advising them how to conduct fiscal and monetary
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    • 98 8 'We became angry that there is no government there are no jobs, and life is worse than before.' adbeeli a 6&year-old Iraqi security guard, on life after the US-led invasion. 'Everything is on track. We know exactly where we are.' Gianna Anfleloponloe-Daahalalri president of the Athens Olympics
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    • 603 8 EDITORIAL ASK anyone involved in promoting initial public offers (IPOs) if the market might benefit from having fewer rules and the reply will be —not surprisingly affirmative. But put the question to academics from Nanyang Business School (NBS), and the reply would be the opposite
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    • 1110 8  -  Tes, say supporters, because we live in a different world now, with the Net and all. No, say opponents, because it gives media moguls undue power From Leon Hadar in Washington AS the US government communications regulatory agency took steps aimed at relaxing
      AFP  -  1,110 words
    • 777 8  -  COMMENTARY Having won the war, Washington may now be blowing the peace in Iraq By Nicholas D Kristof NYT [QURNA, Iraq] I came to Iraq to see if I could help the coalition forces find those pesky weapons of mass destruction (WMD). It would make
      NYT  -  777 words

  • REGIONAL news
    • 391 9  -  Faber sees good npside in Indonesia, Philippines and Thailand stocks From Diana Oon Abdullah in Kuala Lumpur SMART money should be flowing out of the United States and into the region, particularly into Indonesia, Philippines and Thailand, investment guru Marc Faber
      FILE PHOTO  -  391 words
    • NOTE Book
      • 62 9 Bloomberg [KUALA LUMPUR] Malaysia's Tune Air, which controls Asia's first no-frills carrier, said it will buy four and lease another seven Boeing 737 planes as part of its expansion programme. The airline will buy four 737s at US$lO million each and lease seven
        Bloomberg  -  62 words
      • 67 9 AP [HONG KONG] The economic fallout from Sars helped push Hong Kong's unemployment rate to a record 8.3 per cent in the three months ended May 31, the government said yesterday. Joblessness stood at 7.8 per cent in the February-to-April period, but worsened as a
        AP  -  67 words
      • 67 9 Reuters [SINGAPORE] Indonesia's sale of Bank Mandiri, its largest IPO since Asia's 1997/98 financial crisis, is finding strong support in Asia and Europe, with demand sharply exceeding the offer size, industry sources said yesterday. Indonesia's offer for up to 15 per cent of Bank
        Reuters  -  67 words
      • 59 9 Bloomberg [KUALA LUMPUR] Malaysian Plantations Bhd, a property and financial services group, denied an Edge magazine report that it is selling its Alliance banking units. The group "is not in discussion with any financial institution for the disposal of Alliance Bank Malaysia Bhd or Alliance
        Bloomberg  -  59 words
      • 53 9 AFP [BEIJING] China's fixed asset investments in the first five months of the year rose 31.7 per cent compared with 23.9 per cent in the same period last year, the National Bureau of Statistics said yesterday. China's January-to-May fixed asset investments totalled 1.05 trillion renminbi
        AFP  -  53 words
    • 313 9 KUALA LUMPUR Analysts say sale possibly prompted by current price FORMER Renong Bhd executive chairman. Halim Saad, broke all ties with the conglomerate when he sold his remaining 9.3 per cent stake in the company, comprising 269.84 million shares, on June 10, the Malaysian
      313 words
    • 321 9 BEIJING AFP CHINESE lawmakers are preparing new rules to curb falsified disclosure, insider trading and other irregularities that have plagued the stock markets for years, state media said yesterday. An amended securities law is among 13 drafts on this year's legislative agenda of the National
      AFP  -  321 words
    • 199 9 PUTRAJAYA. Malaysia Jamalndin says KL has no plans to change peg Bloomberg MALAYSIA plans to sell global bonds in the second half of this year as borrowing costs drop. Second Finance Minister Jamaludin Jarjis said. "Now it's June, the government will
      Bloomberg  -  199 words
    • 256 9 SHANGHAI Reuters CHINA yesterday dismissed US comments that it was planning to change its currency regime, dampening market speculation that Beijing might allow the yuan to rise to ease pressure from its huge balance of payments surplus. In a sign that traders thought a revaluation
      Reuters  -  256 words
  • Page 9 Advertisements
    • 480 9 Sustainabiiity and competitiveness is the key to What is the role of partnering among survival in this fast changing and turbulent SMEs? What are the issues and business environment To sustain their pioneering challenges they face? Ale SMEs in a efforts and remain competitive, SMEs require 4 continued support and
      480 words

  • Page 10 Advertisements
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  • Article, Illustration
    1119 11 Trrtnuaction date:Jutt 17 arrERBAMK CROSS RATES AS CS Rmto Euro MKS Ind ft ttuptah Ym Won Ml N2S P* Ks Peso S$ Band Sfr WT$ Eaht Pwwd US$ Australia 0 898 5.546 0.565 5.212 ***** 54.755 0.786 7.913 2.540 1.146 38.587 35.705 1.154 5.232 0.870 23.098 27.750 0.397 0.668
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  • 1639 11 SICOM FUTURES Jun 17 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 03 180.50 Aug 03 175.25 Sep 03 168.50 Oct/Dec 03 164.50 RSS3(USccntsAg) Volume Open Month High Low Sett (tonnes) Interest JuTO3 1 1 103.00 3150 Aug 03 100.00
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  • WORLD news
    • 637 11 NEW YORK Hiring outlook most optimistic in Canada, worst in Germany: poll Bloomberg EMPLOYERS around the world expect to hire fewer people in the current quarter. a survey of more than 30.000 employers across 18 countries, including Singapore, showed. The US is showing its
      Bloomberg  -  637 words
    • 307 11 TOKYO AFP THE days of the Japanese "salaryman" wedded to his job were thought to be on the way out, with a younger generation raised in affluence said to lack the work ethic of their fathers. But the personal lives of young Japanese company
      AFP  -  307 words
    • 417 12 WASHINGTON Official data show strength in housing, rising industrial output, steady CPI Bloomberg Reuters AP AFP A TRIO of US government reports on inflation, housing and industrial production, yesterday suggested modest improvement in the economy. The Labour Department said its Consumer Price
      Bloomberg; Reuters; AP; AFP  -  417 words
    • 344 12 LONDON Reuters A MAJORITY of global fund managers believe equities are no longer cheap, suggesting stocks may struggle to rally in the near-term, Merrill Lynch said in a monthly poll yesterday. The 270 fund managers, running a total of US$56l billion
      Reuters  -  344 words
    • WORLD Watch
      • 89 12 Reuters [TOKYO] Japan will have to at least double its 5 per cent consumption tax and ask pensioners to shoulder more of the burden of coping with the costs of a rapidly ageing population, a government's tax panel said yesterday. An interim report, submitted to Prime
        Reuters  -  89 words
      • 94 12 Reuters [NEW YORK] A federal jury found that Lehman Brothers knowingly assisted in fraudulent activity in its backing of a home equity lender's aggressive sales practices and ordered it to pay its share US$5 million in damages, the New York Times reported on
        Reuters  -  94 words
      • 94 12 Reuters [SEOUL] Samsung Electronics Co, the world's top memory chip maker, expects chip prices not to recover fully before the end of this year, the Maeil Business Newspaper said yesterday, quoting Lee Yoon-woo, president of Samsung's semiconductor division. He dismissed a recent rally
        Reuters  -  94 words
      • 73 12 Bloomberg [EDINBURGH] Pioneer Investments, the fUnd management unit of Italian bank UniCredito Italiano SpA with US$l3O billion of assets, bought US stocks on optimism about the economy and sold some in Europe after the euro strengthened. Giordano Lombardo, Pioneer's chief investment officer, moved 700
        Bloomberg  -  73 words
    • 391 14 SAN FRANCISCO It revises all-stock offer to include cash in JD Edwards deal NYT TRYING to fend off a hostile takeover from Oracle in the increasingly bitter battle to build a powerhouse American supplier of business software. People Soft revised its all-stock offer
      NYT  -  391 words
    • 209 14 Bloomberg STEPHEN Friedman, the White House economic policy chief, had assets of more than US$55 million last year, making him among the richest of President George W Bush's top advisers. Mr Friedman, the former co-chairman of Goldman Sachs Group Inc. reported having between
      Bloomberg; BLOOMBERG FILE PHOTO  -  209 words

  • Page 12 Advertisements
    • 118 12 The 20 most outstanding have been picked. mimk < I fIV s 1 l 'C MK Mf^Kl.lMl>Ml|^ly:l:» Congratulations to the winners of Singapore Promising Brand Award 2003 We pay tribute to these 20 top local brands which have distinguished themselves by their impressive performance in Brand Strategy, Brand Culture, Integrated
      118 words
    • 833 12 Call toll-free 1800 289 8822 tkes®»pj^cOTrij^ THE COMPANIES ACT, CAP. 50 PRESTIGE BOARDING INTERNATIONAL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At on E*troordinory Generol Meeting of the Mtmbtri of PRESTIGE BOARDING INTERNATIONAL PTE LTD duly convened and told of 101 Upper Crou S' r ee' #04-43 p eopie > Port
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  • 5538 13 Transaction date: Jun 17 HONG KONG Vol HKRInt'l 152 unch 1893 MM '000 Hong Kong Electric 31 30 -0 10 3984 Hongkong Chinese 0 87 0 07 ***** Alpha General 0 29 0.01 303 Hongkong Chinese Ltd 0 87 0 07 ***** Ananda Wing On 0 01 unch
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  • 2739 13 Transaction date.Jun 17 KIT AT A T.TTMPIJR GanadCorp 1.09 0 08 46 RUftLALUmrun Vo| QeneralCorp 0.50 -001 586 dm roooi General So4 126 unch 0 —Genting. 14 40 0 40 644 ASM Really 0.81 unch 39 Grorge Kent 0 36 unch 13 Abnc 0.92 0 03 371 Gtobetron.cs Tech
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  • 1011 13 Transaction (kite:.tun 17 Stock MM m dam CH—|i I S—di —e 1 O— Q—ft AMgreen50c 0 45 1050 NatStwN 50c 0 56 2 690 *0 040 C&C 0.56 5.100 -0050 OCBC 876 ***** *0 100 CaprtaLand 121 1 350 *0 020 OUE 0 57 7 150 *0 100 Chart
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  • 610 13 BONDS WARRANTS Prem Expiry Last Vol Com Exor Dim Goor- Mths Company Sal* +ot 000) Hatio Price hn loft ASTIW*****1 #5 1 16 32 2 62 12 AcmaLtdW0411H 15 unch 55 1 50 415 6.67 17 Amtek W*****0 ISi -0 5 46 1 33 2 1 48 24 Armstrong W*****0
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  • Page 13 Advertisements

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  • 337 14 S2 wt Last Vol Day LastQaotc GrOw Ok GrYVI MM MCja Ni» iw rnnyMT) Sate W- COOP) WWl L»» W«t CV W W IS) 81 A V Jennings A25C AlSlcd 309 151 151 151 152 40 34 66 88 325 Cathay Pac 20c HK720 265 21 74 6
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  • Page 14 Miscellaneous
    • 311 14 CRYPTIC CROSSWORD 6 Capture vagrant, be IB put away (4) 0 9 General disgust when leader 10 Way of dotng business said 12 Piece of paper giving credit to someone financially sound? made more attractive lißb--15 Country girl embraces Rural 17 Make beloved aim to acquire I I sense of
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  • BT motoring
    • BUMPER to BUMPER
      • 100 15 A RECENT study of the global auto industry says that fragmentation rather than further consolidation will take place in the next decade. British consultancy firm Autopolis also expects small car manufacturers to be the biggest winners of global market share. Some of these firms include
        100 words
      • 74 15 JAPAN'S Denso Corp said yesterday it would invest about US$25O million to expand its vehicle parts production in Thailand, Vietnam and Indonesia in the next two years. Denso said in Bangkok that the company would spend about US$l7O million on two new factories
        74 words
      • 74 15 JAPANESE motorcycle maker Kawasaki said yesterday it would recall 760 units of its KLX 250 and D-Tracker off-road motorbikes which were found to have defective wiring. The recalled bikes were produced between October 2002 and March 2003, Kawasaki Heavy Industries said. The bikes have loose
        74 words
      • 93 15 US safety regulators are inspecting 384,608 of General Motors Corp's full-size pick-up trucks and sport utility vehicles from the 1999-2003 model years for cracked wheels. The safety agency said this week that the "preliminary evaluation" covers the Chevrolet Silverado and GMC Sierra pickup trucks,
        93 words
      • 101 15  -  Compllodbyi Samuel Ee FORMULA One team owner Frank Williams has urged caution over his team's optimism after the last two races and admitted the next event will be a crucial test for their championship challenge. The team had been struggling with their new car before Montoya
        101 words
    • 443 15  -  SAMUEL EE finds out how it is catching up with parallel importers SAMUEL EE Mitsubishi distributor Cycle Carriage is revving its engines hard and is close to catching up with parallel importers when it comes to new model launches. "Lessons were learned with
      443 words
    • 222 15 GERMAN automaker BMW has found a prime parking spot in Bangladesh and will be selling its cars there officially for the first time. The Munich-based marque appointed Executive Motors its exclusive distributor late last month. Before handling luxury cars, the new Bangladeshi importer started
      222 words
  • Page 15 Advertisements
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      162 words

  • EXECUTIVE money
    • 1208 16  -  §'l I comment YOUR MONEY The hard-sell in insurance has a downside. It's time for policyholders to push for greater transparency genevieve cua RECENT controversy over the alleged mis-selling of critical year policies has opened a virtual Pandora's box. The mis-selling of insurance may have
      FILE PHOTO  -  1,208 words
    • 495 16  -  $10,000 payout secured after endowment matured at lower than projected value /?</< Genevieve Cua IF you have an endowment plan which is maturing at a significantly lower value than it was first projected, can you fight for an extra payout? Financial adviser Benny
      495 words
    • 765 16  -  INRIDFII'.Mim-l liy. Robert Halili BUYBACKS Buyback activity in the Singapore market has been dismal since the market started rising last month. Only four firms recorded 16 repurchases in May compared to seven companies and 41 trades in April. So far only one firm. Air Ocean
      765 words
  • Page 16 Advertisements
    • 614 16 I #'J.V" If FORTIS BANK S.A./N.V. FORTIS (INCORPORATED IN BELGIUM WITH LIMITED LIABILITY) Consolidated Balance Sheet Consolidated Profit and Loss Account As at 31 December 2002 For the year 2002 In EUR million In EUR million 2002 2001 2002 2001 Assets Revenues Cash 3,290.7 4,555.2 Interest income" 23,373.3 20.818.6 Trading
      614 words

  • SHIPPING TIMES
    • 247 17 Reuters The Baltic Dry Index rose 5 points to 2146, the Baltic Capesize Index fell 4 points to 2951, the Baltic Panamax Index rose 22 points to 2037 and the Baltic Handymax Index fell 29 points to *****. TIME-CHARTER: Cape Olive (built 1996) *****3 dwt delivery Villaneuva ppt
      Reuters  -  247 words
    • 274 17 MX '000 Jm 17 St VI CWT Distribution 0.64 unch 274 Chuan Hup 0.40 unch 1248 CH Offshor* 0.21 0.01 342 Co*co ln**stm*nt ...0.26 -0.01 737 Freight Links 0.05 -0.01 768 CBHoidlnas 0.66 0.02 112 Jay* Holdings 0.34 -0.01 1405 Ktpptl Corp 4.74 0.04 2554 K1V oritur* 0.20
      274 words
    • 616 17  -  Local yard bidding for more jobs, along with competitor Keppel Fels By\ Donald Urquhart ISIiNUArUKtiJ LOCai Ollshore oil rig building specialist PPL Shipyard delivered the first of two advanced jackup rigs to GlobalSantaFe (GSF), part of a four-rig order by the global drilling
      616 words
    • 78 17 [VANCOUVER] A lifeguard is dwarfed by anchoredfreighters as he pushes his rescue boat out to the edge of the receding tide, on Vancouver's Spanish Banks on Monday. This was the lowest tide of the year on the popular beach, offering even more sand and a farther
      REUTERS  -  78 words
    • 139 17 AP [BAGHDAD] Iraq's only deep water port reopened to commercial shipping on Monday, clearing the way for large-scale imports of consumer goods and the materials needed to repair its war-battered infrastructure. US officials said the opening of Umm Qasr followed dredging operations to clear
      AP  -  139 words
    • 275 17 USs27m to be spent on patrol boats, surveillance LATWP [LOS ANGELES] The ports of Los Angeles and Long Beach will receive more than US$27 million in federal grants to beef up security at the busiest harbour complex in the United States, federal
      LATWP  -  275 words
    • 82 17 [LONDON] Peninsular Oriental Steam Navigation Co, the UK's No 1 shipper, said its Associated Bulk Carriers Ltd joint venture sold two ships for US$59.B million to P&O's partner in the unit, Eurotower Holdings SA, as P&O focuses on ports. ABC, which is halfowned by
      82 words
    • 248 17 The largest ever passenger ships will carry 3,600 people Bloomberg [NEW YORK] Royal Caribbean Cruises Ltd, the world's second biggest cruise line, said it signed a preliminary order with a Finnish shipbuilder for two of what would be the largest passenger ships afloat. Shipbuilder Kvaerner
      Bloomberg  -  248 words
    • 354 17  -  Existing 'temporary' cruise terminal building to get RM3J>m upgrade By Beth Jinks [SINGAPORE] Johor's tiny Pasir Gudang Passenger Terminal (PPT) is set to triple its size to capture a bigger slice of international business by 2005, its general manager claims. The fledgling terminal is
      354 words
    • 1017 18  -  STRAIT TALK i -By David Hughes THERE was a time when the designation of the top person told you a lot about the organisation he or she ran. A managing director, for example, ran a company; a general-secre-tary a trade union; a secretary a
      FILE PHOTO  -  1,017 words
    • 197 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 CWT Globeiink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines 4 Far Shpg 5 Foong
      197 words
    • 14517 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest n Name Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvoir* To CALCUTTA (CCU) 2062 India 25/06 18/07 Del mas DELMAS JOINVILLE 333W 65-*****344 28/06 05/07
      14,517 words
    • SHIPS IN PORT
      • 678 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL KIMTRANS XPR VE103 J16 A/SIDE 17/*****0 ANGGADA 6 JB0601 J13 17/*****0 17/*****0 ASIA BRIDGE 66 J5 17/06 2200 18/06 2300 BAYSWATER118 M3136 J3 17/06 0900 17/06 2300 BTAMANAH 3JUN03 J1 17/*****0 17/06 2100 BTR8 4321 1403 J1 17/*****0 17/*****0
        678 words
      • 1949 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 080S 080S 1 17/*****3-07:00 17/*****3 17 30 B03 ACX MAGNOLIA 064N 064N 1 17/06/2003-081S 17/*****3 21 00 T01 ALEN YALOOS YA1005 1_ 20/*****3-07 00 21/*****3-0700 ALTONA 0344A 0344A
        1,949 words
      • 135 25 Jan 19 Brazil: Corpus Christ Day. Jon 24 Philippines: Manila Day. Jul 1 China: 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
        135 words
      • 823 25 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in L'S 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 individual
        823 words
      • 571 25 Carton 180 Mai 992.2 0.4 15.7 0.07 4S 0.02 jun 12 Density Water Residue AshAlumlnlu* Sediment No above E25 3 0 4 0 0 rrr; 380 Ave 985.6 0.2 W.4 0.04 21 0.02 Uu. 380 Mai 995.0 0.6 17.6 0.09 74 0.09 »WW3 sv/v H u/u
        571 words
    • AIR & LAND transport
      • 481 26 Upgraded 747 plane could have more capacity and lower seat-mile costs Reuters [LE BOURGET, France] Boeing Co said on Monday technologies that could be developed for its planned 7E7 plane may also be used to build an advanced version of its classic 747
        Reuters; REUTERS  -  481 words
      • 388 26 It can 'call' the shares if BAE merges with rival Bloomberg [PARIS] European Aeronautic, Defense Space Co, which already owns 80 per cent of Airbus SAS, would buy the additional 20 per cent owned by BAE Systems Pic if the UK company were to
        Bloomberg  -  388 words
      • 284 26 Bloomberg [BANGKOK] Thai Airways International plans to start flights to five more Indian cities by 2004, doubling its seat capacity and sales on routes to the world's second most populous country. The country's flagship carrier will start flights to the
        Bloomberg; AFP  -  284 words
      • 210 26 Reuters [SINGAPORE] Singapore Airline Terminal Services (Sats), the ground handling and catering service arm of Singapore's Changi Airport. said on Monday that it handled 56.3 per cent fewer passengers in May from a year earlier as Sars cut the number of visitors to
        Reuters  -  210 words
      • 250 26 Smaller drop than previous week as more resume flying Bloomberg [FRANKFURT] European airlines' international passenger traffic fell 5.9 per cent in the week ended June 8, less than the previous week's decline, as more people resume flying to the US
        Bloomberg  -  250 words
      • 334 26 Reuters [CHICAGO] American Airlines parent AMR Corp said on Monday it has decided not to give former CEO Don Carty a severance package, but he will receive US$B.2 .million after taxes from a supplemental pension plan and an annual pension payment of
        Reuters  -  334 words
      • LOG Book
        • 69 26 Reuters [VIENNA] Vienna International Airport operator Flughafen Wien said on Monday it was lowering tariffs on long-haul landings by 60 per cent from June to October due to a fall in passenger numbers. Flughafen also said it was slashing the tariffs on transfer passengers by
          Reuters  -  69 words
        • 51 26 Reuters [LONDON] British engine maker Rolls-Royce said on Monday it had won an order worth around US$9OO million from Emirates to power 20 aeroplanes for the Dubai-based airline. The Trent 500 engines will power two Airbus A 340-500 and 18 A 340-600 wide-body planes, Rolls-Royce said.
          Reuters  -  51 words
        • 73 26 Reuters [KUALA LUMPUR] Malaysia is still working on a deal to buy six Airbus A3BO-800 jets, a source said on Monday, dampening talk the sale was close to completion. Noel Forgeard, the head of Airbus, said on Sunday his Firm expected Thai Airways and Malaysian
          Reuters  -  73 words
      • 1996 26 cm FLIGHT FH FUCMT £70 1*9764 1445 SO 326 1230 LWtrn ***** VMS 6*7305 2250 ***** 1835 LM77I 1555 0F5 2250 ZZ w«7« B55 LH779 2305 *as<*r«m S023 0605 KL838 2255 S***** 1555 ****** 2305 0640 M7306 >805 SO2000 2305 !I, 0F6 '905 1*9763 2350 *1637
        1,996 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 883 18 I TO USA/CANADA I 1 EXPORT 1 I OTHER DESTINATIONS I VBSa |VOT PKG |RA iIU DALLAS HOUSTON MEMPHIS |o*CAOO| NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) PtO NEDUOYD SOUTHAMPTON 34£25 17/06 11/04 04/07 08/07 11/07 W/D7 09/07 12/07 (VESSEL VOY ETA SIN —KG Htt HI STB MB. Ml OOQCHHtt
      883 words
    • 489 18 Lines sendees represented by Members of the Registry of JW? L 9 U \?my Singapore Shipping Association 800 ULY UNE MALE ■■■■■i rtSSEL VOY ETA ETA ETA A F. KIAHG SPOKE MULE Princess Lily 0603 25/06 27/06 05/07 Mold Star 540 A 03/07 05/07 U/07 Empress Lily 0403 13/07 15/07
      489 words

  • Page 19 Advertisements
    • 1409 19 TO EUROPE FROM EUROPE Ivissa IVOYSW GIT ITW AMR HAM WV SOU LEW I[VKSa Ivor OK WV SOU WSM j APL DENMARK 107W19/06 09/07 11/0707/07 HYUBAIUBBIY *****1/05 -03/06-05/06 29/05 21£6 MOl PRIORITY 007W 20/0602/07 07/07 09/07 11/07 12/07 ARCH* 11* M/ 0» 07/010J/0J M/0J Hyundai ownta jmw23/060s/0711/07 13/07 is/07 09/07
      1,409 words
    • 1568 19 "VNUN OUt Simci FROM SINGAPORE TO BUCK SU VU PORT SAID" onssa mumm 19 days GENERAI AGENTS M SINGAPORE: M IOIINSON ID #11-00 SAUS/IKGS TE: *****157/4J ML *****J21/M I 25^5 COSTAR SHIPPING PTE LTD ™2Xjff ***** I C9mwKn MWYS (I NO: *****M000N1 TU: 4224 1100 (RUIN) NWUDfD/O) *****714 42MSJ1I/4I I
      1,568 words
    • 527 19 vESsa _vor_ *n_ jkt hkg khh mc kth nft resti voy sin jkt sub hkg usn pus ik_ HYUNDAI P«OGBESS D62S 17 fe 20 625 fe ?fe/6 29 fe 1,7 1,7 KMTC PUSAM 309S 17/6 19/6 20/6 26/6 29/6 30/6 5/7 HYUNDAI HODGE 061S 25/6 21/6 3/7 4/7 7/7 9/7
      527 words

  • Page 20 Advertisements
    • 1214 20 HYUNDAI MERCHANT MARINE CO., LTD. HwM|M|t! WWW.Inm2I.CMII CR NO. **********0H [VESa VOV UU I SOU I 181 1 HTM ANT I HAM IMV IfffSSa VOT|tOU| LEH I RTM I ANT I HAM I ORV PW"I An DENMARK 107W 19/ M 07/07 09/07 11/07 MOl PROMISE OOK M/0S 31/0S 24/0S »/H
      1,214 words
    • 1344 20 WAN HAi NTBtNATIONAI. PTI LTD a NO: iuw?oooo/i" uiiu TH:*2J*ISI» (14UWS) FAX:*****163 VWiWAN HAI LINES ssasaESStssss-. lL JM *7) Blira ML 9* ft |Ml| D»Stfs Hut WD Dtp 14/ n»l*J mmmmmmkml u *T11:|Bl)nS4«ltt(B1)ill«mfUI«:7l4»»/71Ull fttlHOT 1 M»;aH)4HWBW*»I)4HWn/4iqiW WM Ml MB —I m K IWT MS TTO T0« tws WO m km
      1,344 words
    • 637 20 BSA -L MYANMA FIVE STAR UNE (Mvmmmt Nftioad Um) Loading for Y«fM vtssa vor sin pa rw pgu PAGAN 304W SU HPA-AN 307W SU IN MAUTSIA: OOUSTEAD SHIPPING AGfNCIES KUL 03-*****)00 PKL 03-*****101 PIN: 04-2****** BANK LINE (A strvict of A»*»w Wrir Shyptt) I NOKTHiOUND TO iUKOPI j V CONTAMBMtORO,
      637 words

  • Page 21 Advertisements
    • 1288 21 IVISSH VOY KHH HKO SIN PKL PXB tA» DMMJ UK IRAN ISFAHAN PCI 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 2R/06 29/06 06/07 07/07 13/07 15/07 IRAN TIHRAN PCL 311 01/07 02/07 05/07 06/07 13/07 14/07 20/07 22/07 UNOAVIA PCI 319 0«/07
      1,288 words
    • 537 21 A k UK CONTINENT SERVICE Loading for GULSER ANA RDM/ATW/BMN/UK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN Load* Singapore, EVW Malaysta 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 Sngapore, E7W Malaysia Indonesia USA SERVICE Loading for SEA BEE CAM/N FK/SAV/NOL QUI GONG JINN CAM/N FK/SA V/NOL "Loads
      537 words
    • 1299 21 -«ssa sai m eai js&sa m "< "*>* W778 UZ94 WW -CALSi&U IU2 11/04 21/04 PMMHPA ***** l!Zfi4 79/H _USJUIM 12M ZZZO* 21M_ PACIAMOA M74N 21/0* Pif Mil IAM M/at m/pa PKtAHPA 2SZSB um »/04 mcowtaii 9W7 n/ o* 01/B7 huib> mjm M/ot 21/24 pac HHD* *****1 2 Tot 24/04
      1,299 words

  • Page 22 Advertisements
    • 601 22 TIGER IRIDGf OfIN 20-21/0* 27 29/04 04 0 5/07 I TIGER SHARK 092N 24 25/04 01 03/07 01-01/07 I TIGER SKY M3N 27 21/06 04-o*/07 11 12/07 I TIGER SEA OWN 01-02/07 08-10/07 15-16/07 I TWai»D«^oJsJ^O«VO^^lMVo^^irT»/07| Sttl HaSS 15 iTi»7O6 SH7S 07-07/07 I TIGER SPIRIT 06* 24-24/06 30-02/07 IM2/07 I
      601 words
    • 980 22 FREIGHT LINKS EXPRESS PTE,LTD* 51 Penjuru Road, 3 Level, J 1 f Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@singnet.com.sg LCL SERVICE TO CEBU. PHILIPPINES VESSEL Booking 6267# 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 PROJECT HEAVYLIFT CARGO jf —mMM (CONVENTIONAL RORO) Lawrence Lim 6267 5555, H/P: 9749 1977 lawrence®flesin.com.sg Adrian Chia 6267 5576. H/P: 9734
      980 words
    • 1184 22 Tib IPDZ LINES Mjf —''MW CUSTOM SBVW: TO: 02-4221-5594 fAX: 02-4227-0190 StMGAPOOt: TOW 6 JOO SWffIWC HI UP i| I SBS SoS? S* !55m S S 55? S 55? MNOAOASI Ills 24/0* SttWlf 3035 22/0* K.(MMUI MIS 14/04 OMOO Ml 7 21/04 qIUAN LN3O9 127/0* 04/07 MNtAOASS 3011 27/04 CtSINC
      1,184 words
    • 230 22 WWBSMM BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI Ivpsa VOYAGE ITASMGAPOt! tTAKAAACH IMULMI OOWW W/04/D3 01/07/03 wipe SEA-PAC MANAGEMENT PTE. LTD. 70 Anaori Rood #17-07/08 Ap*x Towv, Singapore *****5 Tolophono: 6270 0977 FociimiU: 6275 2509 T#Wx: RS ***** SUTAC DIRECT SIN NAMPO, D.PJR. KOREA I VPSa
      230 words



  • Page 25 Miscellaneous
    • 116 25 8 FOR 7AM 18 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 Hazy A -One solid
      116 words