The Business Times, 24 July 2003

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Microfilm: NL25089
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 MrTAiBWMIfiaZ2OO3 85* THE BUSINESS TIMES vT• r 'P- < *r~ ~'i ..> SINGAPORE Internet: http. business-times.asial com.sg THURSDAY. JULY 24. 2003
    19 words
  • Article
    Lock icon S'pore still an under-achiever in entrepreneurship: report
    638 1  -  Management boy-oats, bay-ins conld improve climate: professor By Daniel Buenas [SINGAPORE] Despite improvements, Singapore still very much lags the world in entrepreneurial activity, according to the widely-fol-lowed Global Entrepreneurship Monitor's latest report. The research body's 2002 report which describes and analyses entrepreneurial processes
    638 words
  • Article
    Lock icon MARKETS
    72 1 □«n 1,599.92 (+6.31) ST MDEX FUTURES 1,550.00 (+5.00) SMSCI FUTURES (+0.70) Wednesday Change KLSE COMP ***** +001 NIKKEI 225 9,***** +129.37 HANG SENG 9.9U0.56 108.15 SET INDEX 480.44 -8.14 JAKARTA COMP -512.62 -4.16 MANILA COMP .1,298.59 2.89 TAIPEI WPI 5,287.89 +26.88 SEOULCOMP 695.74 5.96 SHENZHEN B ***** *0.40 AUST
    72 words
  • Article
    Lock icon FINANCE
    76 1 FOREX RATES US$ S$ i:S$ (S$ per I'SS) 1.757 S(1'S$/S$ per 1.602 1814 ETROflSS/SS/E). 1.139 2.001 YEN 1185 67.70 KM 3.800 2.163 HKS 7.799 4.440 BAHT 42.00 £1.91 RUP1AH 8,6)10 4.896 RENMINBI 8.299 4.724 INDIAN Rl PEE 4618 26.29 AS 1531 0.871 NZS 1.735 0.988 HUME RATES SINGAPORE* KUALA
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  • Article
    Lock icon Personal loans may not be that personal after all
    783 1  -  Where yon work and what yon do count with banks By Siow Li Sen [SINGAPORE] If you work for Singapore Airlines, don't be surprised if your application for a loan is proceeding at a glacial pace because your credit scores just
    783 words
  • Article
    Lock icon SM Lee sees growth at low end of 0.5-2.5% forecast
    491 1  -  Signs of recovery are there, Init S'pore mist cut costs or lose jobs By Chuang Peck Ming [SINGAPORE] The Singapore economy is likely to grow this year at the lower end of the government's forecast, Senior Minister Lee Kuan Yew
    491 words
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      206 1 I X 1 X I ,sia^ic^ How many does S'pore need? fOf the i > hifj time I 1 V I V PAGE 12 f w «Mille Miglia» The sporting spirit by Chopard %.f ''^jf {Available at selected watch specialists and Chopard Boutiques worldwide. IN SINGAPORE: Chopard Boutiques: 391 Orchard
      206 words
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  • NEXT page
    • Article
      Lock icon SilkAir cuts economy-class meals on some flights
      247 2  -  Airline says this has Nothing to do with fny move to start budget carrier Beth Jinks (SINGAPORE] In what appears to be a belt-tightening measure, Silk Air, the region- wing of Singapore Airlines (6IA), has stopped serving dbonomy-class meals on selected short routes.
      247 words
    • Article, Illustration
      Lock icon Budget airlines shaping up into big spenders
      571 2 Many have pat in multiple plane enter* in a hid te expand quickly NYT [NEW YORK] Like lottery winners unleashed on Fifth Avenue, low-cost airlines in the US and Europe are snapping up planes at a frenzied pac* They want to grow, and
      NYT; AFP  -  571 words
    • Article
      Lock icon Liquidity flows poised to drive S'pore shares higher
      626 2  -  Data shows pick-up in foreign buying of Asian stocks By Wong Wei Kong [SINGAPORE] Stock valuations may look stretched, but if you believe that share prices are a function of liquidity flows and have little to do with value, then there is
      626 words
    • ON THE grapevine
      • Article
        Lock icon Heavy weather
        135 2 THIS is certainly not the best of times for Hong Kong Chief Executive Tung Chee-hwa. When he went to Beijing last Saturday to explain to his political masters what was happening in Hong Kong, he found himself seated alone in the first-class cabin of a Dragonair flight. But
        135 words
      • Article
        Lock icon A toast to Aussie FTA
        90 2 SINGAPORE'S beer drinkers will be among the first to benefit directly from next week's Free Trade Agreement with Australia, as import duties levied on products from Down Under are scrapped. Guzzlers who enjoy a cold Coopers or VB at home after work should also see
        90 words
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      1034 2 V. "V SINGAPORE BMNW r V QVdiDu President Pout Doumer ***** Courbevoie, France 6 Raffles Quoy #17-00 c Singapore *****0 STJT CREDIT AGRICOLE INDOSUEZ m,«»S«W Fax. 6532 2422 CONSOLIDATED BALANCE SHEET CONSOUPATED STATEMENT OF INCOME Assets |at December 3>) EUR EUR Yeor ended December 31 EUK EUR (in millions) 2002
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      40 2 r&,r- I ■9 Th© WOrld S Incorporation Foes from USS500 FW p/ofrssio'hil after ;aie* > <-. o leading p ,p V(>/ d f,- a OffShOrG Ms Florence Nathan Company and Tax Tel: (65) 6535 3382 Planning Fax: (65) 6535 3991 Specialists OCfS
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      110 3 1 he value i■> 1 Minerva i> our genuine and unique movement. A i.HfJ) 7858 V ii c \U v .1 n 11 t Mo, 'o m I X3 T T3 /""A Vilriro New oiucpt Boutique -tv. 1VV7 Singapore: _N( > )i\ h.u\l Ko.ui 01 l) 2 >SS^ 4 1\
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Raffles Hldgs seeks growth from hotel management
      360 4  -  It posts $34£mQ2 net profit, helped by $33m gain from sale of London hotel By < Vince Chong UNDER new chief Jennie Chua, Raffles Holdings is looking more to growing through managing hotels rather than buying them. "Previously, Raffles has always focused strongly
      FILE PHOTO  -  360 words
    • Article
      Lock icon KT&T H1 profit falls 48%; outlook challenging
      313 4  -  Only its network engineering division posted losses By Angela Tan KEPPEL Telecommunications Transportation (KT&T) is still focused on becoming a network engineering force despite having its first-half earnings eroded by that division and a challenging outlook. For the six months ended June 30,
      313 words
    • Article
      Lock icon Jurong shipyard shows the way
      520 4  -  beth jinks THE contract won by SembCorp Marine's Jurong Shipyard this week to build two container ships may not seem like the biggest of deals. Worth $110 million, the order calls for the building of two vessels each capable of carrying 2,600 twenty-foot equivalent container
      520 words
    • Article
      Lock icon Devotion Eco-Thermal IPO priced at 26¢ each
      154 4  -  By Tay Shi'an CHINA-BASED Devotion Eco-Thermal, a specialist in environmentally friendly thermal equipment, has jumped on the IPO bandwagon. The latest mainboard hopefUl yesterday launched its initial public offer of 48 million shares at 26 cents each. The IPO comprises 38 million new
      154 words
    • Article, Illustration
      Lock icon Stamford Tyres plans 2-into-5 share split
      325 5  -  Proposed mm to boost stock liquidity, widen shareholding base By < Ven Sreenivasan A WEEK after transport giant ComfortDelgro divested its interest in the company, Stamford Tyres yesterday proposed a share split to boost share-trading liquidity and draw a wider shareholding base. Under the
      Source: Bloomberg  -  325 words
    • Article
      Lock icon APS unveils unit trust with no expense ratio
      507 5  -  By i Genevieve Cua HOMEGROWN APS Asset Management yesterday launched its "no expense ratio" unit trust, confident of raising at least $100 million which it says is a "very very" conservative target. APS Alpha Fund, investing in Asia ex-Japan equities, will not
      507 words
    • COMPANY Briefs
      • Article
        Lock icon SembCorp pares PacNet stake
        51 5 SEMBCORP Industries, through its wholly owned subsidiary SembCorp Ventures—sold 345,000 Pacific Internet shares on Monday at US$B.5O each for a net gain of $4.49 million. The sale, which cut its stake to 30.9 per cent from 33.56 per cent, followed a recent 7.7 per cent stake
        51 words
      • Article
        Lock icon S&P cuts credit rating of MISC
        66 5 Bloomberg MALAYSIA International Shipping Corp's local currency credit rating was cut by Standard Poor's Corp on concern about its finances after buying a tanker unit Standard Poor's cut the long-term local currency rating of MISC, among the world's top three shippers of liquefied natural
        Bloomberg  -  66 words
      • Article
        Lock icon HK Land raises HK$5b loan facility
        51 5 HONGKONG Land Holdings, the property arm of Jardine Matheson Group, has raised a HK$5 billion (551.13 billion) loan facility from the international banking community. The proceeds of the facility will be used to meet general ftinding requirements including refinancing of existing debt and capital
        51 words
      • Article
        Lock icon Huan Hsin sets up Shanghai ventures
        69 5 HUAN Hsin Holdings Ltd entered into agreements to set up two joint-venture companies in Shanghai to provide precision tooling and injection moulding services to the electronic, telecommunications and automotive industries. These two investments, set up with Japanese partners, will be ftinded through internal resources
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      • Article
        Lock icon Tuan Sting names David Lee as CEO
        37 5 TUAN Sing Holdings Limited has appointed David Lee Kay Tuan, its legal and administration executive director, as chief executive officer with effect from Sept 1. He replaces John P Garrity.
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    • Article
      Lock icon Trek bags lomega order for ThumbDrives
      338 5  -  By Vince Chong MAINBOARD-LISTED Trek 2000 International recently signed a multi-million con tract deal with US IT giant lomega Corp to produce the Trek-patented ThumbDrive. The plan is for Trek to deliver an initial 50,000 Thumb Drives monthly, to be marketed under the lomega
      338 words
    • Article
      Lock icon Target ROIC of at least 15.4% for SingTel chief
      287 5 Sing Tel farther elaborates on award of performance shares SINGAPORE Telecommunications yesterday said its chief executive, Lee Hsien Yang, will get performance shares for that portion that are subject to return on invested capital (ROIC) only if the group achieves a
      287 words
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      143 4 fj> pm^r r <iflll^lliilll^^HlHHlifi9^li^^BlHi^HliHHillH Change the toner, keepthedrum^ Thoughtful technology that'll be music to your ears If you knew what Kyocera Mita printers could do, you'd be celebrating too. EGOSYS™ Printers With Toner-Only Technology Saves your money Lessens your work Widens your capabilities You can Change our toner separately from
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      522 5 Financial Sector Incentive Scheme in Singapore Dates What 14 August 2003 In die 2002 Budget, it was announced that some of the existing 9.00 am to 12.30pm financial sector incentives will be combined under die Financial Sector Incentive (FSI) scheme. The Monetary Authority of Singapore Venue (MAS) issued circulars to
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      286 6 OTHER SINGAPORE INDICES Jul 23 VALUE CLOSE mmm -140.00 -314.00 WWi -*****.00 -93.00 ■riHgH -*****.00 -14.00 MtTpWn 419.17 40.88 180.93 +1.83 nwmmmr* 1323.34 +9.00 If pMllPlij 385.88 -1.94 wmmmrm i92.6e +1.00 *C0 20c 178,*****0 A** 3.17c 109,334,000 **arra5c 67.766.000 Asia Food&Prop 46.063,000 L4M1C 46,592,000 UnlflbarlOc 36,416,000 0MXTachUS5c 31,657,000 Chart SamCond
      286 words
    • Article, Illustration
      Lock icon More upside seen for HTL Int'l if liquidity remains strong
      273 6  -  HOT STOCK/ WARRANT By\ Ven Sreenivasan THE shares of upmarket leather sofa maker HTL International have surged to new year-highs on a liquidity driven surge. The counter closed at 78 cents yesterday as almost two million shares changed hands. The
      273 words
    • Article, Illustration
      Lock icon Caution and greater selectivity
      754 6  -  JHikJLAMIJUJUbUU STOCKS r. sivanithy CLEARLY, an element of caution has crept into equity markets in recent days in yesterday's session, for instance, most regional indices bounced up in response to Wall Street's Tuesday recovery but eventually finished well off their highs. However, high liquidity and an
      754 words
    • Article
      Lock icon Greenback falls on concern over stalling US economic recovery
      711 6 Weak corporate earnings, rising unemployment may hamper rebonnd Bloomberg AFP Reuters [TOKYO] The US dollar fell in Asia on concern among traders that disappointing earnings from some US companies and rising joblessness will hold back an economic recovery. And speculative moves
      Bloomberg; AFP; Reuters  -  711 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    15 6 UNIT TRUSTS FUNDS UMMP. Alphas—WMw— (■MIMMK/tMiirDliMMI NmSrtawd;llM«lWc*lMto Modi *A- Mat Daalnt Day: 99 Floor MnStUIS
    15 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Benchmark for faster growth, firms told
      408 7  -  Entreprenenrship, demand innovation will also help firms grow rapidly By Tay Shi'an BENCHMARKING against peers can help companies enjoy nearly 20 per cent faster growth in difficult market conditions, while entrepreneurship and demand innovation will also lead to fast growing companies that will greatly
      CHRIS LOH  -  408 words
    • Article
      Lock icon Car COE premiums soften a little
      310 7  -  By Samuel Ee PREMIUMS for passenger cars softened yesterday amid the possibility of lower demand for new vehicles. All three main categories of certificates of entitlement fell a few hundred dollars each after having risen in the previous tender exercise. Cat A, for cars
      310 words
    • Article
      Lock icon New tourism academy to be set up in Sentosa
      198 7 FANCY studying tourism in a restored parade square in the heart of an resort island? You can. A new tourism school in Sentosa billed as the first of its kind in Asia has been planned for 2005 under an agreement between
      198 words
    • Article
      Lock icon S'pore objects to KL envoy's comments
      387 7  -  By George Joseph THE Singapore Government objected strongly yesterday to what it described as "unprofessional and unbecoming" conduct of the Malaysian ambassador, who lambasted the "cockiness" of some Singaporeans, singling out a Foreign Ministry official as an example. Granted a special "right of reply"
      387 words
    • Article, Illustration
      Lock icon June consumer prices fall 0.3%
      218 7  -  By, Joyce Koh SINGAPORE'S consumer price index (CPI) for June fell by 0.3 per cent year on year, making it the second consecutive month that the index has fallen following six months in positive territory. Against the previous month, the CPI fell by also 0.3
      218 words
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      869 7 otfces9s^coai^^ IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons) No. 1029 of 2003/6 In the Matter of Dollardex Investments Pte Ltd (Reg No *****578H) And In the Matter of Section 73 of the Companies Act (Cap. 50, 1994 Rev Ed) and Order 88 of the Rules of
      869 words
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      Lock icon Page 7 Advertisements Column 2
      821 7 Mti.MJIT&T Keppel Telecommunications Transportation Ltd (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2003 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the second quarter ended 30 June 2003. GROUP 2003 2002 2003 2002
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      52 8 .ytw} I»1111 1 1 11,11 n O S.il clhlr (llllllll INK 11 l< )M Syslrnr. U x 6 If O w.111 4 1 ru11iu.111< >ii < Sy\Inn\ X N£ Wind I'ovvci O 1 *i 0 l.cniM.ltinn Sy.tcms <Q l(| O, v: Si>1.11 P.iiick X "Jt'l I'DA O 0 I (MIIIIIK)
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  • Page 9 Advertisements
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      119 9 jp** i m. i jfk -*ir 1 $4 i f I I f\ 1 f\ I I I f 1 l\ E it W f H if .B Vlj lfe«* f 1 11 JF% \mk. i 1 W 1 W .g 3* O Intelligent 1i anspoi t Systems 00 O
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  • EXECUTIVE suite
    • Article, Illustration
      Lock icon KepLand to market Shanghai condo in Jakarta
      566 10  -  Developer to tap growing interest from Indonesian buyers for China project, says Kalpana Rashlwala Kalpana Rashiwala TO tap the growing interest among Indonesian home buyers in the China property market, Keppel Land is marketing its One Park Avenue condo in Jakarta this weekend.
      FILE PHOTO  -  566 words
    • Article
      Lock icon Rebound seen for London offices
      197 10 Bloomberg [LONDON] UK offices, which are losing value as rents plummet in London's financial district, will rebound next year and beat the returns of shopping centres, said Glenn Newson, director of Credit Suisse Property Investment Management. London offices will start to show gains in value
      Bloomberg  -  197 words
  • Page 10 Advertisements
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      540 10 Call toU-freclSOO M 9 8822 PAWNBROKERS RULES 1977 Rule 4-A, Application for Pawnbroker's License Notice is hereby given that MARSHJNG PAWNSHOP PTE LTD, Blk 301 Woodlands St 31 #01-257, Singapore *****1 is applying to the Registrar of Pawnbrokers, Singapore for a licence in respect of tf)e business known as MARSILING
      540 words
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      205 10 Tbis announcement appears as a matter of record only. /ntegra2ooo Ltd (Incorporated in the Republic of Singapore) RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 166,256,836 RIGHTS' SHARES AT AN ISSUE PRICE OF $0.05 FOR EACH RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) ORDINARY
      205 words
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      25 10 cuisines W^ x jwi g l V 1 0l o' o a. m £!f\ Contact Patrick Angat 6319 1284 or Amy Chop at 6319 1559^^^^
      25 words
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      79 10 Various sizes up to 14,000 sq ft Instant move-in subject to conditions Allotted parking/Loading in front of unit g^Tel: 6344 2002 flr PAYA URI 111 53 Übi Avenue 1 #01 -11 "u« 1 MERITUS MANDARIN SINGAPORE T 1-SI/utfiOOS Buffet Lunch: 12:00 noon to 5:00 pm Weekdays $22.80' (Adult) 514.80* (Child)
      79 words
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      1548 11 BT Advertorial At Home With Nature and restaurants," he says. FAR EAST Organ iza- homeowners, FEO has adopted I I f° r too on B educational institutions from tion (FEO) will un- a new design approach allowing more) and Raffles Girls' Primary School, veil the latest phase them to fully
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Economists ignore the past at their peril
      756 12  -  mtmrnrn MreTTrTffTTnTa OPINION robert samuelson The Washington Post Writers Group THE economist Charles Kindleberger died the other day at 92, just when the world most needs his panoramic vision. Kindleberger was a cheerful sceptic of all the mathematical models that define modern economics
      The Washington Post Writers Group  -  756 words
    • Article
      Lock icon IN OTHER WORDS
      52 12 'One of the easiest things that Man has done since the days of the caveman is to pick up a cudgel Now people use guns and nations threaten with nuclear weapons to demand what they want' -M.W 1 W>hiwi the Malaysian prime minister, on the outlook for
      52 words
    • Article
      Lock icon Job market upheavals
      651 12 EDITORIAL THE man in the street can be forgiven if he complains about being more confounded than enlightened by the headlines these days. While the economy appears to be seeing some glimmers of recovery, Singaporeans have, at the same time, been repeatedly told to brace themselves for
      651 words
    • Article, Illustration
      Lock icon Islamic banking and finance set for a boom
      1226 12  -  International financial institutions are increasingly realising the benefits of moving towards dnal systems, with Islamic finance co-existing alongside conventional systems By Said Abdullah PLUNGING interest rates, volatile currency markets, listless bank lending and lethargic equity markets may have given a boost to
      AFP  -  1,226 words
    • Article
      Lock icon What MAS looks for in okaying bank mergers
      300 12  -  MAILI.Tn Vasuki Shastry Director (Communications) External Department Monetary Authority of Singapore I REFER to your Hock Lock Siew column of July 22, "Will the US FTA spark next round of bank mergers in Singapore?" The column speculates that Singapore's Free Trade Agreement
      300 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      184 12 CRYPTIC CROSSWORD AlaurxJn^ inu 29 northem 9 Difficult to nail? That takes (4) -SP"—— "SaF----DOWN 16 East Belgian burgher is a 10 Patrolling, 11 Rats, 12Athlet--1 Clamorous union leader in faithful fellow (8) fc. 14 Ramrod, 15 Get the point, Tel Aviv's airport (4) 18 Vilfy rating floundering in riv-
      184 words
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  • REGIONAL news
    • Article
      Lock icon EU adopts dual track policy towards Asean
      626 13  -  ItH focns on trade, investments on both a regional and bilateral basis From Shoeb Kagda in Bali THE European Union (EU) will adopt a "dual track" approach to re invigorating relations with the Association of South-east Asian Nations (Asean) by focusing on trade
      626 words
    • Article
      Lock icon Call for division of labour within Asean
      609 13  -  It must reform industrial structure to compete with China: report From Anthony Rowley in Tokyo ASEAN must strive to become an "integrated production area" by reforming its industrial structure if it is to be able to compete with China and to mesh with
      609 words
    • Article
      Lock icon Proposed S'pore-China joint council to boost ties
      384 13  -  SINGAPORE By Loh Hui Yin THE proposed joint council for bilateral cooperation between China and Singapore will enable both countries to take stock of their multifaceted cooperation and to build on it. It will be co-chaired by the prime ministers of both countries
      384 words
    • Article, Illustration
      Lock icon Real Madrid shoots for foothold in China
      336 13 KUNMING. China AFP WHEN Spanish football giants Real Madrid and its galaxy of superstars swoop in on China tomorrow for the first leg of their Asian tour, their focus will not so much be on football as cashing in on a publicity bonanza.
      AFP; REUTERS  -  336 words
    • NOTE Book
      • Article
        Lock icon HK finance post: Victor Fung not keen
        75 13 Reuters [HONG KONG] Prominent Hong Kong businessman Victor Fung, widely tipped as a key frontrunner for the post of financial secretary, is not interested in the Job, a source close to him said yesterday. Mr Fung, chairman of the Hong Kong Airport Authority,
        Reuters  -  75 words
      • Article
        Lock icon China acts to quash share-sale talk
        81 13 AFP [SHANGHAI] The Chinese government has launched a media blitz against market rumours in an apparent attempt to calm renewed investor fears about the sale of state shares. The campaign was triggered in part by a weekend report in the China Business Post that
        AFP  -  81 words
      • Article
        Lock icon HK to reopen subversion law talks
        59 13 Reuters [HONG KONG] The Hong Kong government said yesterday it plana to reopen public consultations in September into controversial anti-subversion legislation which triggered the territory's worst political crisis in years. Acting Permanent Secretary for Security Timothy Tong said the revised proposal would reflect numerous
        Reuters  -  59 words
    • Article
      Lock icon Real Madrid to fly MAS
      75 13 Bloomberg MALAYSIAN Airline System Bhd was selected to fly Real Madrid Football Club, whose players include David Beckham, on the Spanish club's Asian tour next month. Malaysian Air won the job from the Asian Sports Development of Hong Kong, the tour's organiser, beating regional rivals,
      Bloomberg  -  75 words
  • Article, Illustration
    Lock icon FINANCE
    1004 13 Transaction date: Jul 23 m C$ f» fan m Mte 8M» KM «W i B Wb Naa 8 W B> W NM W AariraCa 0.924 5.422 0574 5496 30.172 M.M 0777 7.715 2413 U34 37.115 35-291 U48 4.951 0406 22.495 27.437 0.400 0.(53 CM* 1482 5466 0421 150 *****
    1,004 words
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  • Article
    Lock icon COMMODITIES
    1307 14 S1UUM FUTURES Jul 23 *****1 irictD KSKScMtiAD On* Mm OpM M—Mi Wjl If Wtt (twtt) Mtrwt A* 03 179-25 S*Q3 172J0 Oct 03 ***** Nw 63 169JO 883<IJ$c*i*> V*M OpM Mwt> W|> I— S«tt Bmw) Mwwt Aa« 03 ***** ***** KH.00 475 3900 SmM f>M 9725 9725 1350 8150
    1,307 words
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      356 14 THE COMPANIES ACT, CAP. 50 THYE SEN PAPER CO. PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) At on Extraordinary General Meeting of Ihe Members of THYE SEN PAPER CO. PTE. LTD. duly convened and held at 101 Upper Cross Stract 004-43 Paopla's Pane Centra, Singapore *****7 on Km 32nd day of
      356 words
  • WORLD news
    • Article
      Lock icon AOL earns US$1b in Q2 on asset sales, settlement
      534 14 NEW YORK Company will continue to reduce debt of USs244b, says CEO Parsons AP Bloomberg SECOND-QUARTER profit at AOL Time Warner Inc, the world's largest media company, more than doubled to US$l.O6 billion, thanks to several one-time gains, including the sale
      AP; Bloomberg  -  534 words
    • Article
      Lock icon Kodak cutting up to 6,000 jobs
      432 14 ROCHESTER. New York AP EASTMAN Kodak Co is cutting between 4,500 and 6,000 jobs as it struggles to cope with a three-year slump in film sales. The company blames the poor sales largely on a sluggish economy and the rapid growth of filmless digital
      AP  -  432 words
    • Article, Illustration
      Lock icon SEC reviews regulation of US stock exchanges
      428 14 NEW YORK Self-regulation may not be suited to today's markets, says SEC chairman THE US Securities and Exchange Commission is considering changing the way US stock exchanges are regulated as part of a review of the structure of US securities markets, the Financial
      428 words
    • COMPANY results
      • Article
        Lock icon Boeing posts Q2 loss, lowers forecast
        89 14 Bloomberg [CHICAGO) Boeing Co reported a second-quarter net loss after a year-earlier profit and lowered its3oo4 forecast because of lower demand for commercial airplanes The net loss was US$l92 million, mainly due to a US$693 million charge related to the company's faltering satellite and
        Bloomberg  -  89 words
      • Article
        Lock icon Charles Schwab profit rises 29% in Q2
        63 14 Reuters [NEW YORK] Charles Schwab Ca-p, the biggest US discount brokerage, yesterday said its second-quarter profit rose 29 per cent amid increased customer stock trading. The company reported net income cfusnas million for the quarter. That compared with USIB6 million in the year-earlier
        Reuters  -  63 words
      • Article
        Lock icon Lucent narrows loss on falling costs
        61 14 Bloomberg [NEW YORK] Lucent Technologies Inc. the largest OS telephone equipment maker, said its third-quarter loss narrowed as costs felL Sales dropped by a third on a slump in demand for wireless equipment The net loss was US$254 million. In the same quarter last
        Bloomberg  -  61 words
      • Article
        Lock icon Agere Q3 lots narrows to US$78m
        73 14 Reuters [NEW YORK] Agere Systems Inc. a maker of integrated circuits for network and telecommunications equipment, yesterday said its third-quarter net loss narrowed but revenue fell in a difficult communications market Agere reported a net loss ofUS$7B million, compared with a net toes of
        Reuters  -  73 words
      • Article
        Lock icon Schering-Plough profit tumbles 71%
        48 14 Bloomberg [NEW YORK] Schering-Plough Corp said second-quarter profit tumbled 71 per cent as competition from generic drugs curbed sales of its allergy treatmeats. Net income dropped to US$lB2 million, from US$633 million a year eartter. Sales fen to US$244 billion from US$243 bflUon. —Bloomberg
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    • Article
      Lock icon Sun's Q4 profit dives 80% as server sales slump
      475 17 NEW YORK Sales for 2003 slip 8-5%, the second annual revenue decline in a row Bloomberg SUN Microsystems, whose server computers run corporate networks and websites, said fourth- quarter profit plunged 80 per cent as server sales declined. The shares dropped
      Bloomberg  -  475 words
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      Lock icon Sales rise cuts Amazon loss by half
      388 17 NYT [NEW YORK] Amazon.com, citing a sharp increase in sales, said on Tuesday that it cut its loss in half for the second quarter. The largest general retailer on the Internet said its strategy of discount prices and free shipping was the largest
      NYT; REUTERS  -  388 words
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      1089 15 CENTRAL PROPERTIES LIMITED AND ITS SUBSIDIARIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2003 11. Profit and Loss Accounts Ths Group The Company 30/06/03 30/06/02 Change 30/06/03 30/06/02 Change $'000 $'000 $'000 $'000 Revenue Investment income 16,097 16,063 +0.2 4,184
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      905 15 HOTEL MALAYSIA LIMITED AND ITS SUBSIDIARY (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 JUNE 2003 1. Profit and Loss Accounts Ths Group Ths Company 30/06/03 30/06/02 Change 30/06/03 30/06/02 Change $'000 $'000 $'000 $'000 Revenue Investment income 12,286 11,563 +6.3 12,236
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  • Article
    Lock icon STOCKS ASIA
    6 16 Transaction date: Jul 23
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    5 16 Transaction date: Jul 23
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  • Article
    Lock icon SGX
    689 16 Transaction date: Jul 23 OfcMia 041 IM new lot CM M0» 'tuto CM 0!! iK <1080 OOC 057 HUR C«MM 1H 1JB -now out cs tjm 4JB Owl tan*Co«ttt 1ft) 10SC <10* N1IHW& 0* 4CS -0010 O* D»*SDt tJO IflO «M0 *pqp»1 *oo0 MOOc 4JB 1400 CnMM|n& l* UM
    689 words
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    Lock icon BONDS & WARRANTS
    492 16 BONDS WARRANTS u. M C- "E a— i* —r- r— m* Mm iw mi AST1W*****1 75 1 IS 24 2.53 11 AcmaLJdVMMIIIt 1 1 SO 410 10.00 It AimckWOSOtW 77 -1 22 1 33 1*3 23 Armstrong W*****0 4-5 U«h 131 1 10 It 17$ 10 Boustead 1MM0002 24 -1
    492 words
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    Lock icon SGX MAINBOARD
    6 17 Transaction date: Jul 23
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  • Article
    Lock icon SGX XTRANET
    60 17 1st M Oaf liqwli Mfcr Mr ftvw MM MCM Ml i— Cwiwr IM» w- rwii M* t— —m Mhr Cw M sj *00 19 Dtamon* U5C7K 1750 2700 ISDJUSTactl US3740 555 555 ISMSOSMM U5S55 1270 1200 ISSAffOO US8270 9650 82fl0 SPOKS U***** 1610 1230 STIETT100 157J 2 26
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    Lock icon SGX SESDAQ
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    Lock icon CLOB INTERNATIONAL
    290 17 U-Wk Last M Bm 11 Q—i MN» CrtU M MCap MWI u» Ciwum Mi w- f— u» mm Cm ICS 11 AVJenrangi A25c AI47 uneh SI 148 147 147 149 40 14 U U 3164 HK720 *5 21 74 6 *****2 Cheuna HonaSOt HK17B0 240 6.3 6.7 *****5
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  • BizIT
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      Lock icon Asian smart card sales set to take off
      575 18  -  The Asia-Pacific has already become the second-largest market for smart cards, for both memory and microprocessor types, reports TugWengFal Tang Weng Fai ASIAN companies are beginning to make a dent in the market for smart cards for the first time, which until
      575 words
    • Article
      Lock icon IBM opens Biz Resiliency Centre here
      299 18  -  Disaster recovery industry revenues in Asia-Pac set to exceed US$L3b by 2006 By Raju Chellam IBM Corp yesterday opened a new Business Resiliency Centre in Singapore, the latest of 120 data recovery centres that Big Blue runs worldwide. The centre will complement two other
      299 words
    • Article
      Lock icon StarHub, partners extend global broadband alliance
      341 18  -  By' Tang Weng Fai THE number of global roaming points is set to double to 26,600 locations by this year-end following plans by Star Hub and its key partners to extend the four-month-old Wireless Broadband Alliance (WBA). The WBA was formed in March to
      341 words
    • Article
      Lock icon ICBC's H1 e-banking business doubles
      102 18 Xinhua [BEIJING] The e-banking business of the state-owned Industrial and Commerce Bank of China (ICBC) nearly doubled in the first half of the year, a spokesman for the bank said. The bank's total e-bank-ing transactions from January to June were valued at 7.7 trillion yuan
      Xinhua  -  102 words
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      23 18 f JtiiliSi liKiPiill I I I J Kb m ■j k, Btt m rTT IL vTvSB I v' 64, r..*7Jk- >3? v*'V* Upppip^^^
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      83 18 Sirce Sir Ernest Rutherford spftt the atom. New Zealanders have developed ■SB a tradition of innovation. We make it happen. And thanks to MartotNewZeatand.com, doing business with ';;v New Zeatanders is now easier than it has ever been before. MartotNewZealand.com helps international buyers and importers source products and services from
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  • SHIPPING TIMES
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      Lock icon DAILY FREIGHT
      242 19 Reuters THE Baltic Dry Index fell 10 points to 2219, the Baltic Capesize Index fell 17 points to 2864, the Baltic Panamax Index fell 14 points to 2275 and the Baltic Handymax Index rose 21 points to *****. Fantagruel (built 1995) J***** dwt fronthaul to Pioneer report 21/7/2003
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      Lock icon MARITIME STOCKS
      226 19 MK 000 mu u *t- CWT Distribution 0.57 -031 166 CHO(Mor*I 024 W 542 Cosco InmiUnawl _0.36 0.01 W04S Fratahtunks 0.07 -0.01 1755 GSHoMnat a77 -002 33 JayaHeMfcty 0.42 OOI 6308 KamlCarp 5JO 020 2443 KlVanture 022 -0.01 8124 KoppalTaM 0.90 -002 255 Lafaroy Marino 027 inch 257
      226 words
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      Lock icon Indonesia still top hotspot for piracy
      627 19  -  Global piracy incidents up 37% in first half; use of violence rising By Donald Urquhart [SINGAPORE] Indonesia once again has the dubious honour of topping the ranks in global piracy with 27 per cent of world-wide attacks including the most violent occurring within its
      627 words
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      Lock icon PSA's Belgian unit wins legal tussle in expansion project
      477 19  -  Flemish court rejects antidevelopment appeal of nearby village By Beth Jinks [SINGAPORE] PSA's Belgian port operations subsidiary Hesse Noord Natie (HNN) faces one less challenge to its expansion ambitions after a Flemish court threw out an anti-develop-ment appeal by neighbouring Belgian
      FILE PHOTO  -  477 words
    • Article
      Lock icon Greenpeace USA indicted by federal grand jury
      274 19  -  Its members boarded APL ship off Miami port last year By Donald Urquhart [SINGAPORE] Greenpeace USA has been indicted by a federal grand jury in Miami following an incident in April 2002 in which two of its activists boarded a container ship belonging
      274 words
    • Article
      Lock icon HK's new terminal faces mainland competition
      902 19 CT 9 may create excess capacity at a time when ports in China are offering cheaper rates Bloomberg [HONG KONG] Hong Kong's Container Terminal 9, which opened on Tuesday, may struggle to attract ships as lower rates at rival terminals in southern China threaten
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    • SHIPPING news
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        Lock icon Stena revolution continues, although rather slowly
        800 20  -  MHWBUILPB -By. David Hughes WHEN, a few years ago, the president of Concordia Maritime, a tanker company within Sweden's Stena Group, announced the VMax VLCC (very large crude carrier) he did so with the fervour of a revolutionary. There is no doubting that Lars
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      Lock icon SHIPPING SCHEDULES INDEX
      3 20
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      Lock icon SHIPPING GUIDE
      3 24 THEBUSINESSTIMES
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        573 25 V—I Voy No Mrth Afriwl Departure JURONG PORT/MULTI-PURPOSE TERMINAL GOLDENMUUA ***** J8 A/SIDE 24/07 040 5INDORA SERA 95/03 J4/5 A/SIDE 24/07 063 UNICORN JOY 36A J16 A/SIDE 24/07 060 UNIONSTAR 8 06/03J J4 A/SIDE 24/07 063 WIN E8 ***** J7 A/SIDE 24/07 230 ZIM DALIAN 23W J18/19 A/SIDE
        573 words
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        Lock icon CONTAINER SCHEDULES
        2 25
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        Lock icon GLOBAL HOLIDAYS
        135 25 Aagl China: Founding Chi PLA. AB|4 Australia: Picnic Day. UKingdom: Summer Hoi. An|U Thailand: Queen's Birthday. AaflB France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Aaf 17 Indonesia: Indepen Day. AnffM UKingdom: Summer Holiday. Aug 31 Malaysia: National Day. Philippines: Nat Heroes Day. Bapl Canada: Labour
        135 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        804 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        804 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        434 25 Carton 180 Ma 991.7 0.6 162 0.08 69 0 06 Jul17 DmsKy Nater RmMm UHtmt+m Siimt Noatow£25 2 0 4 0 0 0 %h7H MO 9KM 0J 15J 0.05 19 0X2 bum 380 Mu 991.1 IX) 17 J 0.09 57 0 08 wvtn »»/> W mom*
        434 words
    • AIR & LAND transport
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        Lock icon UPS Q2 profit up 13% on boost from int'l business
        567 26 Weaker greenback helps lift revenue transhipments outside the US Bloomberg [DALLAS] United Parcel Service Inc (UPS), the world's largest package-de-livery company, said profit in the second quarter rose 13 per cent as currency gains boosted earnings from outside the US.
        Bloomberg; REUTERS FILE PHOTO  -  567 words
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        Lock icon BA faces strikes after union talks fail to resolve dispute
        469 26 Last weekend's walkout may have cost carrier £20m Bloomberg [LONDON] British Airways, Europe's largest airline, faces the threat of strikes at BAA pic's London Heathrow Airport after a second day of talks with unions failed to resolve a dispute with
        Bloomberg; REUTERS  -  469 words
      • Article
        Lock icon Asiana Air fined for violating disclosure rules
        179 26 Bloomberg [SEOUL] Asiana Airlines, South Korea's second-largest carrier by sales, was fined for violating disclosure rules after failing to properly inform investors on its sale of foreign-curren-cy denominated bonds to affiliates. Asiana and two other affiliates were fined a combined 335 million won
        Bloomberg  -  179 words
      • Article
        Lock icon Star hopes Air China will join alliance soon
        281 26 Xinhua [BEIJING] Star Alliance hopes to soon add Air China to its network, which would mark a first in China's aviation industry, according to an official with German airline Lufthansa. "As the only national carrier, Air China is capable of joining. We
        Xinhua  -  281 words
      • LOG Book
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          Lock icon Dragonair passenger figures slip 17%
          114 26 Bloomberg [HONG KONG] Hong Kong's Dragon Airlines Ltd said passenger numbers are down 17 per cent this month from a year earlier, a slower rate of decline than in May and June, as demand recovers after Sars wanes. Dragonair is carrying about 10,000 passengers a
          Bloomberg  -  114 words
        • Article
          Lock icon GAL receives first B747cargo plane
          86 26 Bloomberg [TAIPEI] China Airlines, Taiwan's biggest carrier, said it took delivery of a 8747-400 cargo plane, the first of 22 new aircraft it agreed in December to buy from Boeing Co and Airbus SAS for up to US$3.7 billion. China Airlines will take delivery of
          Bloomberg  -  86 words
        • Article
          Lock icon El Al Airlines sells stake in NAA
          68 26 Reuters [TEL AVTV] El A 1 Israel Airlines said yesterday it has sold its 24.9 per cent stake in North American Airlines (NAA) as well as its option to acquire another 25 per cent in the airline. El A 1 received US$B.65 million
          Reuters  -  68 words
        • Article
          Lock icon Olympic Airways insolvent since 2001
          105 26 Bloomberg [ATHENS] Olympic Airways SA, Greece's national flag carrier, has been insolvent since 2001 as losses and debt mounted, latest figures show. Olympic's liabilities exceeded the value of its assets by 145 million euros (*****.1 million) in 2001 when losses widened by 41 per cent
          Bloomberg  -  105 words
      • Article
        Lock icon KLM gets employees' nod to start job cuts
        229 26 Bloomberg [MUNICH] KLM Royal Dutch Airlines NV, Europe's fourth-largest carrier, said it reached an agreement with employees over cost-cutting measures which will allow the Dutch carrier to start shedding as many as 4,500 jobs. The airline and its works council agreed on
        Bloomberg  -  229 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        275 26 Iflß MS ***** Z3H MRU* cooes AA Mm km (rims (AAL). Af Am fran(AfR).AIMIm*<AIC)AYfimmOr(W),AZ m+ArtmtAZA) SABmsKAmwtflPvbklMCo (SAW) BC Bmwt Suiglriß* trims (BBC). Rjo BimrnAUmS+mdimv. BO Bam trims (BOU) BR EVAAmpOavnttVA) CAMCIma (CCA). C 8 Anron tmrmtot Attnm (OS), CT dim Attms Ltd (CAL).CS At liAaamm Ik
        275 words
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      635 20 IMPORT t NORTH AMtRICA 0 AUSTHAUA/NEWZBALANO I I rasa wr ts« """hn*"* 1 we msa vot m stb m acl m "swT" m pconmuotd Southampton mm o*7 27/07 24/07 p&o nbiuotd adclakk mm omt m/vt h/v 10/07 m/ 07 v/v »/07 ooqoka umt i*/#7 m/m m/m anlauany mn i»/»7 >1/07
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      404 20 AfjJfcK UnM Mrvion raprwantad by L f4 w AAtmotrs or mt X°tn Singapore Shipping Anociahon ■■■■■■■■■■■■■■■■■I niKYUM-MUI /vissa voy eta in En A P.IUNC SfOM mu MoldCon-if 740 A 23/07 25/07 03/06 Princn Uty 0703 03/06 05/06 14/06 Mold Star 541 A 13/06 15/06 24/06 Princait Uly 0603 23/06 25/06
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      1032 21 m fl ]H 4i k A /I w 1 TO USA (SAX SERVKE) VISSH VOY SO ETA LAX OAK DAI HOU CHI CO! MEM Ml NTC AWBI6UNP 1201 30/07 14/01 11/01 lt/0» 10/00 It/01 10/01 10/00 22/01 22/01 v API {flhftltfl 115t 00/00 11/00 2S/00 26/00 >0/00 it/00 20/00 24/00
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      Lock icon Page 21 Advertisements Column 2
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      931 22 HMN& HYUNDAI MERCHANT MARINE CO., LTD. Www h—7l r— 01 NO. *****M0000N ivcsa W T so* mi mi m imp m fygsa vor sou ta «w ant moi m TF APIAAAIf 114W 14/17 U/M 13/00 IS/04 AH MM )0M 30/0* W/07 04/07 23/07 Ml noons 000W IS/07 IS/44 14/44 11/OO
      931 words
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      449 22 W\ WAN HAI LINES Y TEL *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TOt JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For mora dmtmUm, call HOTLINE: *****588/1800-*****00 ASIA EXPRESS IMA SARD M/ 07 14/17 SAID IMA M/ 07
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      537 22 i PSA il sa— MYANMA ■B FIVE STAR UNE (Mvmmt Nttioad Um) LM«0« to Y«|M vtssa vot sm m m nii PAGAN 304W SU HPA-AN 307W SU M MAUTSIA: OOUSTIAP SMPPMG AGf IKIES MIL 03-*****300 fIL 03-*****101 Kit 04-*****02 BANK LINE (A unto tf Imkrm WMr TMfpli|) 1 NORTHBOUND TP
      537 words
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      987 23 |V»SSH VOY BH HKO SIN WO. OX3 I 3A3 I PMM I MC CAM mo KL SOI SKIP SKIP 27/07 28/07 OS/OS 06/01 13/08 IS/08 MAN HORMOZOAN PCI 322 29/07 30/07 02/03 03/03 10/03 11/03 13/03 20/03 MAN TOMAN Kl 323 05/03 06/03 09/03 10/03 17/03 13/03 25/03 27/03 UNDAVIA
      987 words
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      513 23 a k UK CONTINENT SERVICE UMKOngter THOR LOTUS RTM/ATW/BMNAJK/NAN ZEYNEP KIRAN RDM/ATW/BMNAJK/NAN Loads Smgapof*. E7W. Indonawa MIDDLE-EAST SERVICE Loading tar PAN BRIGHT AON^DO/JOH/AQA LOK RAJESHWARI AON/HDD/JOH/AQA J. FRIEND DBI/ABU/DOH/BRN/DMM/KWT LOK PRATAP DBI/ABU/DOH/BRN/DMM/KWT •Loads Singapore, EJW. Malaysaa. Indonssia USA SERVICE Loading for QUI GON JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX/MZL PACIFIC EMBOLDEN
      513 words
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      704 words
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  • Page 25 Miscellaneous
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      Lock icon Page 25 Miscellaneous Column 1
      134 25 FOR 7AM 24 Jul 2003 Y^Wyisß|^ '-.Jr JBfa&7 pK» iw^ sHPi^^F^^ >v 28^4^ x. y*^V laCfr. Issued by Meteorological Service Division,NEA LEGEND: K Thunderstorm Wind speed symbols v 7 Showers O Full circle w/o line indicates calm or light and variable winds p a j n One half flee he
      134 words
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