The Business Times, 9 July 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 Inteir.e h.tp.//business-times.asial .com.sg WEDNESDAY, JULY 9, 2003
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  • 684 1  -  Fortune 1000 firms see 3-5% surge in IT budgets next year, says survey By Raju Chellam [SINGAPORE] After three years of cuts, MNCs and other large corporations plan to boost their IT spending by a healthy 3.5 per cent in 2004
    Source: Goldman Sachs IT S Survey  -  684 words
  • 583 1  -  Bnt solid recovery not expected till the fourth quarter By Anna Teo [SINGAPORE] Never mind the red report card for the Sars-hit second quarter when the GDP flash estimates are unveiled tomorrow. New data in recent days shows an economy on the
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  • 74 1 sti 1,518.95 (+2.86) ST INDEX FUTURES 1,529.00 (+11.00) SIMSCI FUTURES 188.20 (+0.80) Tuesday Change KLSE COMP 727 -14<l NIKKEI 225 .9.898.72 1(056 HANG SKMi 9.992.87 KMI.47 SET INDEX 496M »731 JAKARTA COMP .518.58 +715 MANILA COMP 1.302.22 ****** TAIPEI WPI 5.367.97 *4571 SEOILCOMP 708;H *4.05 SHENZHEN B 221.68 MI.8I
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  • 78 1 FOREX RATES US* SS ISS (SSperl'SS) 1.756 V(l SS/SS P»T i) 1.644 2.886 KIROll'SS/SS/E). 1.132 1.987 YEN II IS 6710 RM 3.800 -UM HKS 7.798 4.442 BAHT 41.K4 2371 RI'PIAH 8.188. 4.663 RKNMINBI 8.299 4.727 INDIAN Rl PEE.... 4627 2635 AS 1.485 0.846 NZS 1678 0.955 PRIME RATES SINGAPORE*
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  • 217 1 Conference Board's business confidence measure jumps to 60 in Q2 from Ql's 53 Reuters [NEW YORK] US chief executives have become more confident in the economic outlook. and a majority now expect profits to rise, according to a survey released on Monday
    Reuters  -  217 words
  • 567 1  -  Stats, Chartered and Ventnre have surged up to 80% from March 11 lows By] Raju Chellam [SINGAPORE] Technology stocks in Singapore continued to rally strongly yesterday following a surge on Nasdaq on Monday that was driven by reports of top US multinationals planning
    Source: Bloomberg  -  567 words
  • Page 1 Advertisements
    • 216 1 Strong rebound in tourist spending, Pg 7 Pressure 111on111s on to shuffle Cabinet m rwru tvu -vx m "Jj tO wu ob* Si i F i jo Mi UK s< 111 l 8 ******1 *****4 Exclusive driving and dining drivers know what to be in a class their own. Power,
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  • NEXT page
    • 837 2 Financial, health and security secretaries'jobs at risk, say critics AFP AP Bloomberg [BEIJING] Hong Kong Chief Executive Tung Chee-hwa yesterday faced mounting pressure to step down for his handling of the new subversion law, with critics also calling for a
      AFP; AP; Bloomberg; REUTERS  -  837 words
    • 430 2  -  Move welcomed but some warn against strict regulations By Kenneth Lim [SINGAPORE] Industry players yesterday applauded the Media Development Authority's (MDA) five-year, $100 million commitment to establish Singapore as a "global media city", but some cautioned against "micro-manage-ment" and constrictive regulations. At a
      430 words
    • 734 2  -  Analysts, ministers divided on reasons for the sndden rise and what it means Fran Anthony Rowley in lotcyo JAPAN was in a rare celebratory mood yesterday as the Nikkei-225 stock average briefly pushed above 10,000 for the first time since last
      AP; Source  -  734 words
    • 47 2 IN yesterday's report, "Heritage board gets a new chief exec", we erred in saying that Lim Siok Peng was appointed chief executive officer of the National Heritage Board on June 6. Mrs Lim took up her appointment on July 6. We are sorry for the error.
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  • Page 2 Advertisements
    • 114 2 Since 1975 our ..vcr dv.ide sta'f o' oveHljk 275 multi-disciplined professionals including !avvye-rs chartered accountants |WJM -f j charterea secretanes and bankers nave J p r oviaed confiaential and cost effective wm" 1 company formation in all the maior low tax areas including The WOrld S Incorporation Fees from USS500
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    • 9 2 HK tops list of freest economies again, Pg 13
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  • SINGAPORE companies
    • 453 3  -  Aerospace division remains dominant as gronp turnover jumps 18% to $737 m By Tang Weng Fai SURPRISING analysts, defence group Singapore Technologies Engineering yesterday posted a 12 per cent jump in earnings for the second quarter, against market expectations of a
      FILE PHOTO  -  453 words
    • 385 3  -  Execs can tray shares at as much as 20% discount By 1 Tay Shi'an PROVISIONS Suppliers Corporation (PSC), which has changed its name to PSC Corporation, says its hotly debated PSC executives' share option scheme was approved during an emergency general meeting yesterday. The
      385 words
    • 373 3  -  By Ven Sreenivasan IN a move that will be read as the Wee family consolidating its presence in Haw Par Corp, the healthcare and leisure group yesterday said that Wee Ee Chao has been appointed a non-executive director of the group. Mr
      373 words
    • 535 4  -  loh hui yin SINGTEL'S appointment of a foreigner as its chairman must have come as a surprise to some. After all. the chairmanship of government-linked companies, of which Sing Tel is one, is more often than not held by retired ministers or senior civil servants. But Sing
      535 words
    • 896 4  -  It'll issne up to 219.4 m units in Fortnne Reit By Kalpana Rashiwala LI Ka-shing's Cheung Kong Holdings plans to raise HK$l.l billion (*****.6 billion) to HK$l.5 billion from selling 143.5 million to 219.4 million units in its Fortune Reit, which
      896 words
    • 741 5  -  Fate hinges on payment proposal he's putting np to avert bankruptcy By Vince Chong HESHE Holdings chief executive Chia Shi Teck risks having to part with the Sesdaq-listed company he co-founded as creditor banks are due to vote next Wednesday on whether to
      741 words
    • 236 5  -  By Kalpana Rashiwala METRO Holdings yesterday confirmed it is looking at divesting its 27 per cent stake in Ngee Ann City. However, its statement yesterday did not spell out the divestment mode. BT reported in April this year that the property and retail
      236 words
    • 322 5  -  By Andrea Tarn IT was an initial public offering no broker in Singapore wanted to underwrite. So construction company Koon Holdings took its share sale Down Under. "People were just very nervous, we didn't even bother mentioning the name," said Koon's independent director
      322 words
    • 266 5  -  Its first M-E project covers real estate management systems Andrea Tan BUSINESS park operator Ascendas is hoping to extend its geographical reach by selling its "comprehensive" management system to overseas developers. For a start, Ascendas has bagged a 10-year deal with the Oman governmentowned industrial
      FILE PHOTO  -  266 words
    • 135 5 Reuters [JAKARTA] A restructuring deal for Asia Pulp Paper's (APP) Indonesian debts of around US$6.6 billion should be approved by lawyers and ready for signing by the end of July, against an earlier July 9 estimate, an APP official said yesterday. APP and key
      Reuters  -  135 words
  • Page 3 Advertisements
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      247 words

  • Page 4 Advertisements
    • 2600 4 NATSTEEL LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of the Members of Nat Steel Ltd (the "Company") will be held at Level 4. Conference Room. 22 Tanjoog Khng Road, Singapore *****8 on 31 July 2003 at
      2,600 words
    • 60 4 A NEW OUTLOOK. A NEW NAME. A NEW IDENTITY. Attuned to the times, anchored to our foundations, we are growing our future. Building on our strengths, we are sharpening our focus and taking new strides to realise our growth potential. In food. In healthcare. In education. In Singapore. And the
      60 words

  • Page 5 Advertisements
    • 96 5 ALWAYS Exceptional Cost Savings I y 1111 M E\i\ SBS^" If ft Ml I v E-Space Interiors' renovation packages will not blow your budget, Creatively together, our residential and commercial 11 |^H packages boast the latest in I y j materials and design. I All tailored to suit your At
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    • 125 5 ITs not enough to outthink competitors, you need to outmanoeuvre them. Leader in Advanced Technologies Next Generation: Intelligent Transport Systems Computer Vision e-Systems |an fun 2003 Jan fun 2002 Change *'000 ss<ooo «00 fWJi Turnover 16,213 6,218 9,995 161% Operating profit 3,543 (25,438) 28,981 NM (loss) Profit (loss) before 3,256
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  • SINGAPORE markets
    • Article, Illustration
      341 6 OTHER SINGAPORE INDICES Jul 8 VALUE CLOSE BT06/0S 428.00 +72.00 BTCAM -*****.00 -30.00 BT 10-4ay MA *****.00 +43.00 AH-SG Equities 408.62 -0.01 SG Equities Elect 147.42 +1.57 SG Equities Fhi 1293.50 +5.45 SG Equities Prop 390.66 _+2Al MSCI Singapore 186.95 +0.11 SAtSCt Futures 188.20 +0.80 Slocks Volume HorizonEduc 5c 75,845,000
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    • 885 6  -  AIM.MJUJmJJ CURRENCIES larry wee IT was a jolly good ride while it lasted, but there are growing signs that US dollar-bashing has finally rim out of steam at least for as long as Wall Street continues to impress. At the same time, however, so
      885 words
    • 757 6  -  STOCKS r. sivanithy CHART technicians might point to the crossing of the 1,500-mark as indicating "overbought" conditions. Other observers might say that with activity as heated as it is in the penny stock segment, a "breather" of sorts is just the tonic that's
      757 words
  • 3551 6 UNIT TRUSTS FUNDS Com Global Lifestyle Index Fd 0.871/ Com Global Health Index Fd 0848/ Com Global Telecom Index Fd 0 451/ MN Amu MM Mgt H|M| Com Global Irrfotec Index Fd!** 0 31/ Star Europe Eoty'* 1 0 656/ Com G!oba Enef gy lndex Fd 0 862/ Star Europe
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  • SINGAPORE news
    • 414 7  -  Bulk of spending attributed to locals who curbed overseas travel dne to Sars Bi Leonard Lim ECONOMIC spin-offs for the recently ended "Step out! Singapore" programme are likely to top the estimated $100 million mark, the Singapore Tourism Board (STB) announced yesterday. The first-ever
      414 words
    • 186 7 CPG Consultants, a subsidiary of CPG Corporation (formerly the Public Works Department), has clinched a contract to do feasibility studies and master planning to improve six Laotian airports in the country's north. The project, expected to cost US$l5 million, is funded by the Asian Development
      186 words
    • 320 7  -  It cites regional competition for need to restructure By George Joseph [SINGAPORE] Another 153 aviation workers lost their jobs as Changi Airport's second ground services provider became the latest to announce a restructuring. Changi International Airport Services (CIAS) said the retrenchments will
      320 words
    • 442 7  -  By Angela Tan AMONG Asian countries hit by the Severe Acute Respiratory Syndrome (Sars), Singapore has seen the strongest rebound in the number of Visa card transactions by tourists over the past month as the deadly virus comes under control. Visa, which has two-thirds of
      442 words
    • 440 8  -  StarHnb, 3 other operators join first trial in Asia-Pac outside of Japan By, Raju Chellam STARHUB and three other homegrown companies have begun a Singaporewide wireless broadband roaming trial that will run until the end of this year. It will enable local users to wirelessly
      TNP FILE PHOTO  -  440 words
    • 239 8 THE Franchising and Licensing Association (FLA) will be embracing technology and brand licensing in a bid to tap into the $87 million intellectual property licensing market in Singapore. The association, formerly known as Singapore International Franchise Association (SIFA), says that this is in response
      239 words
  • Page 7 Advertisements
    • 501 7 I^Tt^ QW s Addreggjng Jlie Critical Year Issue lustomer The critical year issue that is been appropriately explained by their agents. These affecting certain AIA policyholders need only pay premiums for just a few years fr* policyholders applies mainly past the critical year date and AIA will guarantee 100% of
      501 words

  • Article, Illustration
    1088 8 Transaction date: Jul H QCTERBAMK CROSS RATES AS C$ >mfa Euro HK$ Ind Bs Buplah Ven Won W Ni S$ toad Sfr NTS BOt Pound USS Australia 0.911 5.589 0.595 5.252 31.161 55.142 0.796 7.948 2.559 1.130 38.892 35.999 1.182 5.088 0.925 23.126 28.042 0.410 0.673 Canada 1.098 6.138
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  • 1631 8 SICOM FUTURES Jul 8 RUBBER Futures (Closing prices) RSSKScents/kq) Close Volume Open Month High Low Sett (tonnes) Interest Aug 03 175.25 Sep 03 168.75 Oct 03 167.00 Ho* 03 165.25 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Aug 03 9&50 98lio 600 4500 Sep
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  • REGIONAL news
    • 562 9 KUALA LUMPUR Pick-up in pace of new issues with 15 offers in the works over next 2 months THE prevailing buoyant stock market sentiment in Malaysia is expected to boost interest in initial public offerings (IPOs), and there is currently quite a lineup
      562 words
    • 193 9 Bloomberg [KUALA LUMPUR) Deutsche Bank AG, Europe's second-biggest lender, is taking CIMB Bhd and six other Malaysian companies to British investors, as the benchmark stock index continues to inspire investors. Deutsche Bank's Malaysian brokerage unit is promoting CIMB Bhd. the country's biggest
      Bloomberg  -  193 words
    • 374 9  -  Report says it won't sell stake to just one institution From] Eddie Toh in Kuala Lumpur RENONG will place out its entire 11.2 per cent stake in Commerce Asset Holding Berhad (CAHB) the parent of the second largest bank in Malaysia to fund managers instead
      374 words
    • NOTE Book
      • 104 11 Reuters [KUALA LUMPUR] Commerce Asset Holding Bhd yesterday said it is mulling the sale of its entire 30 per cent stake in an Islamic banking unit for an undisclosed price. Commerce has yet to be approached by any party for the shares in unlisted
        Reuters  -  104 words
      • 97 11 AP [BEIJING] State-owned Bank of China said yesterday it has fired the manager in charge of its Shanghai branches because of questionable loans to a real estate company. The bank held Zhou Lu responsible for irregularities found by auditors in loans to Wan Tai
        AP  -  97 words
      • 92 11 Reuters [HONG KONG] Asia's richest businessman Li Ka-shing has spent about HK$33O million (5574.3 million) to buy more shares in his flagship ports-to-telecoms conglomerate Hutchison Whampoa in the past three weeks. Mr Li bought 6.833 million Hutchison shares at average prices of HK547.114-48.855 between June
        Reuters  -  92 words
      • 84 11 AP [HONG KONG] A former executive with bankrupt Japanese retailer Yaohan International Holdings received a two-year suspended sentence for false accounting but was acquitted on more serious charges related to a multimillion-dollar scam, the South China Morning Post reported yesterday. Kazuhiko Fujita, 49, was accused
        AP  -  84 words
    • 333 11 HONGKONG Bloomberg SEMICONDUCTOR Manufacturing International Corp (SMIC), which makes computer chips for Infineon Technologies and Toshiba Corp, delayed plans for an initial share sale until next year, setting back China's efforts to develop its chipmaking industry. "Semiconductor Manufacturing is planning
      Bloomberg  -  333 words
    • 568 11  -  It wants statistics on activities of individuals and companies From Shoeb Kagda in Jakarta INDONESIA'S Minister for Industry and Trade, Ms Rini Soewandi, has reiterated her government's request for full publication of trade statistics between Indonesia and Singapore, including the activities of
      AFP  -  568 words
    • 532 11 WASHINGTON They tell Bnsh to posh China to drop the currency peg Bloomberg US PRESIDENT George Bush should push China to end its currency's eightyear old peg to the US dollar in order to save jobs in the US textile industry, a trade group
      Bloomberg; AFP  -  532 words
    • 304 11 HONGKONG Bloomberg WING Hang Bank, a Hong Kong affiliate of Bank of New York, may buy Mizuho Financial Group's Hong Kong unit to become the city's sixth-biggest lender and may pay about HK$5 billion (Ssl.l billion), analysts said. Wing Hang, which
      Bloomberg  -  304 words
  • Page 9 Advertisements
    • 537 9 Call toll-free 1800 289 8822 UNITED OVERSEAS BANK LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, destroyed or mislaid:Naroe Certificate No. No. Ot HWM Estate of Goh Chin GeoK. deceased *****76-5 19,626 Philip Tan Wah Tong *****96-0 100 -do- *****64-4 5 Teo Geok
      537 words
    • 76 9 SYNCHRONISED COMMERCE Si All CEOs love synchronised things. To them, UPS brings 'synchronised commerce'. It's the non-stop orchestrated flow of goods, information and funds Our customers find their supply chains become instantly intelligent Payment speeds up. Efficiency increases Their employees can focus on what's important: producing, selling, customers. It's not
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  • EDITORIAL & opinion
    • 756 10  -  OPINION THE^m| Knxssama frank ching THE current crisis in Hong Kong, precipitated by the government's gross mishandling of anti-subversion legislation, highlights a key feature of China's "one country, two systems" policy: when the central government interferes in the special administrative region's internal affairs,
      756 words
    • 48 10 'It's not that people are enthusiastic about the status quo, but they are forced to think that (Junichiro) Koizumi is the best hope.' T&kashi Kinchi an economist, on Japanese Prime Minister Junichiro Koizumi's chances in the general election expected to be held later this year.
      48 words
    • 601 10 EDITORIAL JAPAN and China are locked in a battle which ultimately neither can win: to secure first rights to oil from Russia's East Siberian fields and to influence the course of a proposed pipeline so that it serves their respective ends. This rivalry shows up
      601 words
    • 912 10  -  It's the theatre of the absurd in Washington these days. The Bnshies' imperialist ambitions aren't letting them see they can't succeed this way Fron Leon Hadar in Wash ington AMERICA is at war. That's a fact. You can call it "the war
      AFP  -  912 words
    • 365 10  -  Russell Tan Associate Director NRA Capital Pte Ltd Singapore THE ongoing debate on expensing options has highlighted the need for more clarity in the way companies report results. For most shareholders, the unvarnished truth comes in the form of cold hard cash, that is,
      365 words
    • 310 10  -  Jack Teo Cheng Chuah Singapore I REFER to your article, "S'pore homebuyers need to dream a little" (BT, July 3) which contained a quote by Justin Chu of Cheung Kong Holdings, lamenting the fact that buyers of private properties in Singapore are
      310 words
  • Page 10 Advertisements
    • 97 10 Fax your letters to 6319-*****r email them to btfetterQsph.com.sg orwriteto: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the right to
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  • Page 11 Advertisements
    • 105 11 ¥¥T1 a J# J A -A Presented Diners Club Credit Card To apply, call: 6416 0980 Where to wine, dine and entertain,.. www.dinersxoinjg flwflpowmnino B*o WOMKUBS T*j l MPOPf *****2 Jpp fop PtstpvfiTions J Outback Steak House (6837 3242 Enjoy 10% discount on the -r i i* i t i
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    • 51 11 **y jjKW Wookondi and hoMoyt an tor hoadng down to Cotoman's tor tone*-wfcoiw our buff•! aptood of ovor 80 dtohoc, indtow flow of barioy, too or coftoo awaHryou. Mako your r—rvattom at (66) *****132. Common's WMtand/FwMc HoMay *mcn MM 12 neon lo 400pm AduV |MJO»++ CNMlllM+++ PBLMSI 311 JCOi>(Wi!MtlSigapa*l7Wo6 PwmJaloiwr
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    • 265 11 If you are in any of these situations: You are a new start-up, know the importance of financial rjIHF WS« numbers but don't know how and where to begin. Your business is growing, but your accounting staff are not able to catch up. You need the expertise but your business
      265 words
    • 118 11 Can't Deckle on a Restaurant? No Problem, Cross-Order from all of them, ogfer at \spfambytheßay The Esplanade Shima Aji Tien Ylwn Kitche* Local Bite Thai Expreee Al Dente Trattoria The Garlic Restaurant Embassy Restaurant Bar Entertainment I J| Attractive Set Meals Available for Lunch be Duiuejr f H-»HV> \\rniir. «01-13
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  • WORLD news
    • 617 12 NEWYORK Its back office business expected to expand to 5% of profits this year Reuters CITIGROUP Inc, the largest US financial services group, is expanding its back office businesses like stock custody and cash management in a strategy that may include acquisitions. The bank's
      Reuters  -  617 words
    • 407 12 LONDON Frand found at 37% of the 3,623 firms PWC surveyed NYT Bloomberg FRAUD and other kinds of economic crime have victimised more than a third of the companies surveyed over the last few months by PricewaterhouseCoopers, the accounting firm, and Wilmer Cutler Pickering,
      NYT; Bloomberg  -  407 words
    • 515 12 NEWYORK Reuters DOWNTOWN US office vacancy rates continued their nearly three-year climb during the second quarter but showed signs of stabilising, according to a study released on Monday by Cushman Wakefield. Downtown office vacancy rates crept to 15.5 per cent
      Reuters; AFP  -  515 words
    • 243 12 NEW YORK Bloomberg ADELPHIA Communications Corp's creditors sued more than 400 other banks, including Citicorp Inc and JP Morgan Chase Co alleging they helped founder John Rigas defraud the company of more than US$5 billion. The suit, filed on Sunday in US bankruptcy court
      Bloomberg  -  243 words
    • 589 13 UNITED NATIONS Foreign aid fell, debt increased, Aids soared, commodity prices declined Reuters THE boom of the 1990s left some 50 nations, half of them in Africa, worse off than they were 10 years earlier with more people going hungry and life expectancy
      Reuters  -  589 words
    • 412 13 UNITED NATIONS Former leader Canada miffed at falling behind US Reuters NORWAY, Iceland, Sweden, Australia and the Netherlands ranked as the best countries in which to live in the 2003 UN Human Development report released yesterday but Canadians were miffed. The United States
      Reuters  -  412 words
    • 488 13 LONDON Family-held bank empire unites French, UK arms Reuters DAVID de Rothschild, who runs the Rothschild banking business in France, is to take the reins of the familyheld banking empire from cousin Evelyn this month as the firm unites its French and British arms
      Reuters  -  488 words
    • 502 13 WASHINGTON AFP HONG Kong, now in uproar over government plans for new anti-subversion laws, still tops the 2003 list of the world's freest economies, according to a study released here yesterday. The former British colony was followed by Singapore in second place
      AFP  -  502 words
    • 457 13 WASHINGTON A heavier penalty will kill the company, says judge NYT AP WORLDCOM will pay US$75O million to settle an accounting fraud lawsuit by the Securities and Exchange Commission, under an order issued on Monday by a federal judge. The ruling by
      NYT; AP  -  457 words
    • 549 14 NEW YORK Company's Q2 profit down 72% and it expects worse for rest of the year NYT DURING Schering-Plough's salad days, a bottle of Claritin, the huge-selling allergy pill, fetched as much as US$lOO. But prices are plunging soon to as little as US$3 for
      NYT; Source: Bloomberg  -  549 words
  • 5238 12 Transaction date: Jul 8 HONGKONG vol hkrimi 1.39 402 3602 HKS *1- 000 Hong Kong Electric 30.90 unch 3574 Hongkong Chinese 0.92 0 04 ***** Alpha General 0.28 0.01 118 Hongkong Chinese Ltd 0.92 0 04 2499S AnandaWingOn 0.01 unch 0 Hopewell Holdings 8.10 -010 5553 Anganq New
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  • Page 13 Advertisements
    • 76 13 J3 j3 SWISS-MADE 3 Qreat MidyearSa(e 3 JZ Jewellery Box JZ 3 great Saving!! -50 Bevelled Glass '2 Ji J3 JZ Children JZ J3 •Instrumental 3 WUdU Stock JdadU! Display J5 J5 JOBIN STUDIO LINE jz =Jo3ii\in No. 23 Ann Siang Road, Singapore *****3 J3 (Just Behind URA/Maxwell Food Centre)
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    • 345 13 INVESTMENT LEAD GENERATOR ugM|-' I invesiTTWU n«*r «j«na n lewjng iipmiions m mwii rur. Consultancy services to identity Astar based corrtpdMn ind/or individuals who how high potential interest In investing in 'y' New Zealand m targeted sectors. This role will broadly Include; Lead generation reference for each partner company should
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    • 99 13 Landed Development Site at Jalan Dermawan j. (Off Hillview Avenue) """'>l t5A* Land Area: 21,205 sft approx. 999 years Zoned Residential for 2-storey Semi-Detached Housing Lots of greenery, quiet environment Written Permission granted for 3 bungalows and 2 semi-detached houses FOR SALE BY PUBLIC TENDER [Tender closing: 23rd July 2003
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  • 6778 14 Transaction date: Jul 8 52-Wk Last Vol Day Lest Quote GrfM* Dtv GrVW Net MCjd Wgli low Iif» Sate com Wgli Low 8ny«r S% Cvr PH toil ABNAmroNLG 56c 9 12 JL« 1388 16 9 ACE Dynamics20c 15 5 -0 5 250 15.5 15.5 15 5 16 100
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  • 68 14 U-M Lat Val Day Lan Quott OrOrv M» GrVM MM MCjb Mt» L— riwmi Sjt» w- rw» Hj» Lo» 8nyr Cw wt vJ 9600 89 Damon* US8780 3750 2700 ISDJUSTcdl US3740 555 555 IS MSCI Spore US55S 8270 8200 ISSAP500 US8270 9650 8280 SPDKS ...US9650 <668 tj» STIETT100
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  • 1824 14 U-Wk Lact Vol on UMQmM GfOnr Dm GrYW MX MCaa I— C—>—i Sale w- fWBt W# l—> **l" >*r Cur Wt 17 7.5 ABRHldgsSc 14.5 unch 136 15 14.5 145 15 28 27 5 15 APCM5C A5 -0 5 1177 27 5 26 5 26 26 5 27
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  • 329 14 U-Wk List Vol on MOHte GfOf. M» GrTW MM MCa law Ciwpiny Sate fMO) Hi# law fcryer S«hr Cm P« M 168 at AVJennings A25c A161cd unch 221 162 160 161 162 40 3.4 6.2 9.4 3465 Cathay Pac 20c MK720 265 2.1 7.4 6 *****2 Cheung KongSOc
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  • Page 14 Miscellaneous
    • 192 14 CRYPTIC CROSSWORD 28 GMMw who fNaaipS at home in stitches? (6) 29 Musician offering last item in concert, strange man (9) 14 Going the wrong way, natural- YESTERDAY'S SOLUTION Iv, with two females rather oc„..«i; than one (3 6) Across. 1 Composed, 9 EqualiScientist mak.no lots of no** 15 Gettin
      192 words

  • BT motoring
    • 594 15  -  The transport group will spend $1 million on the new facilities at Jurong and Defu, reports Samuel Ee Samuel Ee FRESH from opening its sixth motor workshop last month, ComfortDelgro is planning to spend $1 million on two more similar facilities by year-end. The
      ARTHUR LEE  -  594 words
    • 348 15 COMFORTDELGRO thinks the days of the small motor workshop are numbered. There are about 500 active workshops in Singapore today, but half are expected to disappear within the next five years. "A lot of them may have to close shop simply because many
      348 words
  • 2670 15 Transaction date: Jul 8 KUALA LUMPUR GanadCorp .1.12 -003 101 Vo General Corp .0.56 0.01 1656 RM C000) General Soil 1-26 unch 0 Gentmg 1560 -0.10 1160 ASM Realty 0 87 -0 01 68 George Kent .0.44 -0.02 174 Abric 1 15 -0 03 872 Globetronics Tech 5.30 unch
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  • 742 15 Transaction date: Jul 8 Wt— 1 Otm Qfi Omm UfWtt OM ISM H>0» MW«k DM J7M CK OM 4M0 OMC OOC 171 ItJM rigrHiW 'JO I 370 MOIO OUC 053 7.19 OurtfenttrtfMc 10« .OBK) qm am -JUJTJ 0*» 0r« SOC <M 4 700 hiptl haodHMfc ttM >#10 ««QS Caa*9lM»2»
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  • 557 15 BONDS WARRANTS Last Vol Cam U«r -.•SB Cf) Sata *m- (m >H> Wet li Uli AST1W*****1 (S 1 16 29 269 11 Aona Ltd \M>***** 15 1 50 415 6.67 16 Amtek W*****0 765 -0 5 4S 1 33 1 141 23 Armstrong W*****0 4 undi 55 1 10 17
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  • EXECUTIVE money
    • 1186 16  -  But GENEVIEVE CUA finds that fund managers remain cautious and expect less spectacular returns ahead for both equities and bonds GENEVIEVE CUA Nearly ail types of investment funds chalked up positive returns in the first half of the year, with high double-digit gains
      AFP; Source S&P Fund Services  -  1,186 words
    • 1025 16  -  INSIDE I ..ll.'mi By Robert Halili BULLISH buying of two companies Singapore Land and newly listed Hartford Holdings made up most of the surge in buying activity in the week to July 7. If not for that, buying would have actually dropped sharply from
      1,025 words
  • Page 16 Advertisements
    • 345 16 Ky* 1-. „|J -1 fe' SI :4Earn a free night at Hyatt worldwide after every two suys when you pay with iy your Master Card* JUNE 1 THROUGH AUGUST 31, 2003 Plus enjoy incredible savings at participating hotels with Hyatt's Great Deals Exotic locales, impeccable BQSSHi < service and countless
      345 words

  • SHIPPING TIMES
    • 255 17 Reuters THE Baltic Dry Index rose 6 points to 2143, the Baltic Capesize Index rose 8 points to 2744, the Baltic Pan am ax Index rose 8 points to 2216 and the Baltic Handymax Index rose 15 points to *****. TIME-CHARTER: Myrto (built 2001) ***** dwt delivery Dunkirk
      Reuters  -  255 words
    • 277 17 sex 'ooo ■Ml SS Vol CWT Distribution—0.58 unch 268 Chuan Hup 0.44 -0.01 5251 CH Offshore 0.24 -0.01 872 Cosco Investment—0.34 -0.01 6286 Freight Links 0.06 0.01 676 GB Holdings 0.72 0.02 92 Jaya Holdings 0.39 unch 2950 Keppel Corp 5.05 0.13 3185 K1 Venture 0.20 0.01 1978
      277 words
    • 464 17  -  H 'sian port chalks up 1.6 m TEUs in first 6 months, up 37% Reports by Donald Urquhart [SINGAPORE] The Malaysian Port of Tanjung Pelepas (PTP) handled 1.6 million TEUs for the first six months this year, a 37 per cent rise over the same period
      464 words
    • 552 17  -  Call to introduce maritime studies in schools as majority of seafarers are about to retire Bl George Joseph [SINGAPORE] Schools in the coastal areas of Malaysia have been urged to introduce maritime studies so that a new generation of Malaysians can be trained
      552 words
    • 274 17 Oil slicks expected to disperse AFP [TOKYO] A rescue ship, leaking oil, sank off Japan's southern island of Kyushu yesterday, two days after it collided with a South Korean cargo vessel while searching for six fishermen who remained missing at sea. There
      AFP  -  274 words
    • 299 17 Port operator plans to list on KL main board by Q3 [SINGAPORE] Penang Port has reported an 8.7 per cent rise in container throughput for the first five months this year over the same period last year, handling just over 274,000 TEUs. Of the
      299 words
    • 780 18  -  STRAIT TALK -Bt David Hughes THE move a couple of weeks ago to throw Greenpeace out of the International Maritime Organization (IMO) caught the environmental lobbying group off guard. The idea that Greenpeace shouldn't be allowed to keep its IMO observer status while engaging
      AFP  -  780 words
    • 199 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 Globelink 4 Oelmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines 4 Far Shpg 5 Foong
      199 words
    • 14616 23 THEBUSINESSTIMES EXPORT a ETA ETA Advartisar Vessel Voyage Talaphona ETA ETA Advertiser Vassal Voyage Tatephone SIN Dast'n Nam* Nama Number Number SIN Dest'n Name Name Number Number 19/07 14/08 CMA CGM CONTI BILBAO 303S 65-*****800 To ABIDJAN (ABJ) 2003 Cot# D'lvolre T9/07 14/08 mol mol bravery 5904A 65-*****686
      14,616 words
    • SHIPS IN PORT
      • 590 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL EVANGELISTRI E428 J14/15 A/SIDE 09/07 2300 MARCO POLO 8 03/03J J3 A/SIDE 09/07 0645 MELATI 38 J7 A/SIDE 09/07 1300 SANE 1 01/03 J14 A/SIDE 09/07 1500 SINDORA SERA 94/03 J5 A/SIDE 09/07 0630 ATLANTIC OC ***** J12 09/07
        590 words
      • 1869 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX ULAC 054N 0S4N 1 12/07/2003-1500 1307/2003-03 00 ANDA 3162 31&2 1 0907/2003-0800 0907/2003 1400 P01 ANL PROGRESS 38S 38S 1 0907/2003-06 00 0907/2003 17:00 808 API AGATE 113E 113E
        1,869 words
      • 140 25 Jul 14 France: National Day. U Kingdom: Orangmen's Day. Jul 15 Brunei: Sultan Birthday. Thailand: Buddhist Lent Day. Jul 17 S Korea: Cons Day. Jul 20 Japan: Marine Day. Aug 1 China: Founding Chi PLA. Aug 4 Australia: Picnic Day. UKingdom: Summer Hoi. Aug 12 Thailand: Queen's Birthday.
        140 words
      • 830 25 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indi cated. The Cockett Bunker Price Index change and the
        830 words
      • 522 25 Carbon 180 Mm 986.2 0.6 M.O 0.07 20 0.06 m i D#n&)tv Nitir Rendu* AshAluminiuin Sediment No ibovt E25 0 0 0 *****12 Wittf >UU 380 Ave 986.0 OJ 15.1 0.05 19 0.02 tail 380 Mai 990.1 3.0 17.4 0.09 57 0.08 tt/M'3 H Ml M/M
        522 words
    • AIR & LAND transport
      • 327 26 2-year-old survives Sudan Airways crash shortly after take off AP [KHARTOUM, Sudan] A Sudanese airliner crashed shortly after takeoff from an airport on the northeastern Red Sea coast yesterday, killing 116 passengers and crew, officials said. Only a two-year-old boy survived. The Boeing
        AP  -  327 words
      • 205 26 AP [IMPERIAL, Pennsylvania] More than two dozen airline passengers who were briefly quarantined after they complained of symptoms similar to Norwalk virus probably were ill before they boarded a plane from Phoenix to Pittsburgh, health officials said. Twenty-eight passengers aboard the US Airways
        AP  -  205 words
      • 313 26 Bloomberg [CHICAGO] Boeing Co, the world's biggest airplane maker, won orders for 22 airplanes from unidentified buyers, giving the company 142 orders for the year. The 14 8737s and eight 8767s are valued at US$l.3B billion based on the low end of list prices
        Bloomberg; FILE PHOTO  -  313 words
      • 269 26 Reuters [CHICAGO] Airlines at Chicago's O'Hare International Airport and the city have reached a deal to finance US$2.9 billion of a proposed US$6.6 billion expansion of the airport, the Chicago Tribune reported on Monday. Citing unidentified city and airline industry sources, the
        Reuters; REUTERS  -  269 words
      • 490 26 Sars outbreak, Iraq war responsible for slump in business Bloomberg [HO CHI MINH CITY] Vietnam Airlines Corp carried almost a tenth fewer passengers in the first half of 2003 than a year earlier, as the regional outbreak of Severe Acute Respiratory Syndrome
        Bloomberg; REUTERS  -  490 words
      • 203 26 AFP [SYDNEY] Qantas Airways admitted yesterday that its staff had failed to notice a woman who mistakenly took a plane from Los Angeles to Melbourne using a boarding pass for another airline's flight to Hong Kong. The error wasn't detected until shortly
        AFP  -  203 words
      • LOG Book
        • 80 26 Reuters [TORONTO] CAE, the Canadian maker of flight simulators, said on Monday it had reached a Csss million (5571.5 million) deal to develop training devices for European airliner-maker Airbus. Montreal-based CAE said the deal covers development of the world's first Airbus A3BO full-flight simulator. CAE
          Reuters  -  80 words
        • 81 26 AFP [MANILA] Vietnam and the Philippines have agreed to allow their airlines to pick up more passengers in each others' key airports, a Filipino government official said. Manila agreed to grant unlimited seating capacity entitlements per week for Vietnam Airlines' flights from Manila to Hanoi and Danang,
          AFP  -  81 words
      • 1861 26 cmr FLIGHT £T* FLIGHT no $0404 23*5 Mttatft LH97T1 1835 Frmktart LM9762 0635 LH9765 1230 S0230 1835 S025 0635 $0326 1230 kmtlitm $023 0605 H.838 2255 LW'M 2250 $035 0640 $036 2345 S0325 1445 0F5 2250 GM75 0855 LH7T8 1555 LM779 2305 KLUT 1455 ****** 1555
        1,861 words
  • Page 17 Advertisements
    • 207 17 Crash in Sudan kills 116 BACK PAGE Vietnam Air carries fewer passengers BACK PAGE STRAIT TALK Greenpeace bids to stay in IMO Pq2 Senior Marine Underwriter (Based In Singapore) We are seeking a motivated individual to develop our marine business throughout the South East Asian markets. Reporting to the Marine
      207 words

  • Page 18 Advertisements
    • 975 18 I TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I VESSEL |vOY PKG BAilll|toN6KAtH| DALLAS HOUSTON MUBPHB |ORCAfiO| NEW YORR [I II TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00Q. LONG BEACH 01E28 (M/ 07 09/07 25/07 29/D7 01/08 30/07 30/07 02/08 JvfssS VOY FTA S4M PIG 5T~| S5 STD MEI
      975 words
    • 486 18 Unes senses represented by *,uu~L_^4« Members of the Registry of .;r.;~. X»m Singapore Shipping Association g ULY UNE MALE ArtSSEI VOY ETA HA ETA A f. KLAHO SPOKE MALI Empress Uly 0403 13/07 15/07 24/07 Mold Carrier 740 A 23/07 25/07 03/08 Princess Lily 0703 03/08 05/08 14/08 Mold Star
      486 words

  • Page 19 Advertisements
    • 1289 19 TO EUROPE FROM EUROPE IVBSB VOT SM OT RTM ANR HAM WV SOU UH IIVBSB IVOT BM AW HAM WN SOU l» _«L_| AfICYPMtI 119W10/07 30/07 01/08 21/07 31€ H/0* 27/06 2S/06*/» MOl ADVANTAGE 016V# 12/07 27/07 29/07 01/00 02/01 W/W Kg HYIMMMBOM 314W 15/07 01/08 03/08 05/08 30/07 21/06
      1,289 words
    • 1852 19 OUR SERVICE FROM SMMFOM 10 BUM SU ¥U HNKT SW OtWMffWMUW) 19 DAYS UYCmSK (VKRAMI) 20 DAYS GENERAL MM M SWGATORI: M ROBINSONIO #11-00 SAUS/RRGS TEL: *****457/41 BAR. MJISJJI/M I rOMIWMWi aamihiii m rtiyr COSTAB SHIPPING Ml LTD mwamwoomi outward ha) mhsw umsus/ts I IWITMUA (lOMRU) Z3 DAn aw? TIL:
      1,852 words
    • 491 19 vcsa wr sir jkt sui hkg usn pus im HY PtOGItESS 063S 10/7 12/7 17/7 11/7 21/7 23/7 23/7 KMTC SINGAPORE 3Q9S 13/7 It/7 17/7 23/7 24/7 27/7 2/1 HYUHMIHIDGt 062S 14/7 19/7 24/7 25/7 21/7 30/7 30/7 KMTC JAKARTA 310$ 20/7 23/7 24/7 30/7 2/» 3/1 9/1 HTUMOAIYIADIVOSTOKII27S [23/7124/7131/71
      491 words

  • Page 20 Advertisements
    • 1310 20 HMMF HYUNDAI MERCHANT MARINE CO., LTD. HwMpflf#: WWWJhm2I.<MI CR MO. **********0H [vesa vot sat sou m rim ant ham rrv [[vessel voy sou uh rtm aw ham rrv Jncmm iiw 10/07 i»/o; 10/07 01/01 apiagate im i*/o* u/°* m/°* •J/o; MOl ADVANTAGE 01 iW U/07 01/01 01/01 21/07 29/07 HYINDEPENDENCE
      1,310 words
    • 1440 20 WAN HAi ■MTCRNATTONAL PTE LTD analmswoooo/i %rrrr\ Im p#i TH:6226IStt (MUNIS) FAX:*****163 \\M\ IMAM UAI I INF\ Wvk./lo.UqsMr*)LM (1800)*****200 V v vVMII rIMI kllißv m*:iniMMMM&n)»«airMa:MmM«Na:Mi»M*t *T 1HKI) 5841 M NUL 071) 52*4714 n**:7l*»/714»1 ML*****4 WWW.wihwi.HHW.»| HK;iß>i)«iyiM:Hti)4itwa/4iqw mii mi mb mi «g IW M TYOTO.IWSIKO ts| lenarm HUJ JIW iitw mtw
      1,440 words
    • 661 20 BSA i MYANMA BB five star line (Mvmnmt NotiMoi Um) Looking for Y—|i« VESSEL VOT SM PU PEN PGU PAGAN 306W SIB MPA-AN 307W SLD IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 P*L 03-317M101 PEN: 04-2****** BANK LINE (A wwto of kaiiim Wrir ttjgNi 1 NORTHBOUND TO EUKOPE V CONTAINER,
      661 words

  • Page 21 Advertisements
    • 1286 21 IVfSSII VOY KHH HKO IHN I PKi I PX» I BABJ PttMj MIC UNDAVtA PCI 319 08/07 ***** 12/07 13/07 20/07 21/07 27/07 29/07 IRAN KERMAN PCL 320 13/07 16/07 1»/07 20/07 27/07 28/07 03/08 OS/OS IRAN ISFAHAN PCI 321 22/07 23/07 26/07 27/07 03/0* 04/06 11/06 13/06 IRAN HORMOZGAN
      1,286 words
    • 560 21 UK CONTINENT SERVICE Loadmg for GULSER ANA RDM/ATW/BMN/UK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN I MCE TRANS RTM/ATW/BM N/U K/NAN Loads Singapore. E7W Malaysm. Indonesia MIDDLE-EAST SERVICE Loading for PAN BRIGHT ADN/HDD/JDH/AQA APJ ANJU DBI/ABU/DOH/BRN/DMM/KWT AYIA MARINA DBI/ABU/DOH/BRN/DMM/KWT "Loads Sngapore. E7W Malaysia. Indonesia USA SERVICE Loading for QUI GON JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX/MZL
      560 words
    • 1362 21 Jffisa m m m— yb» vot pac iamoa M ifi/SZ 11/97 rttHfflH «w n/w is/07 PACBAMPA MK UZfiZ 13/07 PACSUUJ IM 17/07 14/07 PAEBAMPA O*OM 14/07 14/07 _lUJKM Olfl M/ 07 W/lIT PAC BAMDA fittlH li/ftZ IS/07 *<SUU) 1010 >4/07 M/ 07 rttttm mm mi 17/07 ■H^^HVFTIVnnTV!VW^H^^H PAC I AUDI
      1,362 words

  • Page 22 Advertisements
    • 559 22 TlGflStt OWN IS 16/07 22 24/07 21 30/07 I H6£l IRtOGE OWN II If/07 25-27/07 01-02/01 I tiger sham ioon 2223/07 w 31/07 os-u/ot I TKBSIY 101N 25 26/07 01-03/01 00-W/OO I TBEfii i 37 iolp7 iTWw SU7O7 I TIKI SMUT 070 13-13/07 20-22/07 01-01/01 I fftES KNOWN 131 17
      559 words
    • 1010 22 FREIGHT LINKS EXPRESS PTfc.LTD* 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 USEI L E-mail: flesin@singnet.com.sg LCL SERVICE TO CEBU, PHILIPPINES JAUk, VESSEL MOL MAAS V.561E Booking 6267# 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 PROJECT HEAVYLIFT CARGO (CONVENTIONAL RORO) iW Lawrence Lim 6267 5555. H/P: 9749 1977 lawrence®flesin.com.sg
      1,010 words
    • 1227 22 I fb IPDZ LINES I I LJCm anM»am:OM»i-ssN I SIMGAfOtE: TOMG JOO BIIWIIIB PTI UP 1 I k.mw<i mi n/>y asm 3041 11/07 imiuam6 wi 11/07 ohock 3011 12/07 iTTti^; UNbAMSI )UI IS/17 GtSENG 301S 18/07 «UMI 1027 IS/07 S. tUUUW 1027 It/07 GISiANG AG3II 10/07 125/07 wmmimss mi i7/t7
      1,227 words
    • 264 22 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORI TO KARACHI IVKSa VOTACt FT* SWGAfOtI HkIULAO* I tod 015HW 30/07/03 10/04/03 M** SEA-PAC MANAGEMENT PTE. LTD. 70 Aiuon Rood #17-07/08 Apu Twdt, Sir>gopor> *****5 T«Uphon« 6270 0977 \U FocsimOa: 6275 2309 T«tox: t$ ***** SEAPAC DIRECT SIN NAMPO, D.P.R. KOREA I
      264 words



  • Page 25 Miscellaneous
    • 134 25 g REGIONAL WEATHER 3S3Ss[9R/ 8 FOR 7AM 9 Jul 2003 I\ y 21 ?*>Vv, J itgj rw- r Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols *J Showers Full circle w/o line indicates calm or light and vanable winds R a j n One half fleche represents 5
      134 words