The Business Times, 29 July 2003

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Total Pages: 28
1 28 The Business Times
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  • Title Section
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    15 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE Internet: nttp://business-times.asial com.sg TUESDAY, JULY 29, 2003
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  • Article
    Lock icon Days of fixed-rate home loans numbered
    493 1  -  ■ll exclusivel Key interbank rate has risen 6 basis points from all-time low in mid-July Bu\ Siow Li Sen [SINGAPORE] The end may be nigh for fixed interest rates in home loans. Yesterday, the key threemonth interbank mid-rate was quoted at 0.5 per cent,
    493 words
  • Article
    Lock icon Manila bucks rally in Asian stocks
    400 1  -  STI jumps 20 points despite larger-than-expected fall is Jane manufacturing output By Ven Sreenivasan [SINGAPORE] With the notable exception of a rout in Manila's market, most Asian stocks yesterday galloped ahead on optimism that a US ecpnomic and corporate recovery would fiiel gains. Despite
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  • Article
    Lock icon MARKETS
    71 1 □sn 1,587.16 (+20.23) ST INDEX RITURES MNUM (+32.00) MSIMSCI FUTURES 197.10 (+4.30) Monday Change KLSECOMP 708.24 -2.29 NIKKEI 225 -9.839.91 +191.90 HANG SENG _10.134.88 +195 68 SET INDEX 480.48 -458 JAKARTA COMP -512.79 +2.71 MANILA COMP .1,256.76 27.04 TAIPEI WPI 5,451.80 +57.05 —.mm 7i7xo +ii7i SHENZHEN B 227.74 -0.74
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  • Article
    Lock icon FINANCE
    74 1 FOREX RATES US* SS TSS (S$per(S$) 1.74# £(1iSS/S$per£) 1.621 tM ETRO(TS$/S$/E). 1.148 1007 YEN 119.2 6810 KM 3.800 1174 HKS 7.799 4.462 BAHT 4134 23.99 RIP1AH 8£00 4,862 RENMINBI 8199 4.748 INDIAN RI'PEE 46.13 26,19 A$ 1.509 0.863 NZS 1.7(13 0.974 PRIME RATES SINGAPORE* 5.25 Kl'ALA U MPI R
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  • Article
    Lock icon AXA obtains injunction against Manulife and 4 former agents
    638 1  -  It acts to restrain them from using its confidential data By Genevieve Cua [SINGAPORE] AXA Life has taken out an injunction against another insurer and four of its former agents to prevent what it said was the use of confidential client
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      31 1 M° ST Powerful #r BUSINESS LEADERS /W Next Page A'/* 4 J-r v /V^ vN< J A W The Hour Glass ihhIk^ 1 hh fur Pi J Jj i r H
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      55 1 Manila stocks, peso take a beating, Pg 13 ROLEX Rolex Day-Date and Rolex Date just Officially Certified Swiss Chronometers. Www rolex.com THE HOURGLASS TAKASHIMAYA S C. TEL 6734 2420 RAFFLES HOTEL ARCADE TEL 6334 3241 LUCKY PLAZA TEL 6733 1262 SCOTTS S.C TEL 6235 7198 MILLENIA WALK TEL 6339 4870
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      14 1 COMMENTARY Arroyo mus t Jiw clean up military w Al Labita. Pg 12 y
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      63 1 INSIDE SHAREHOLDERS' MEETING Short-lived revolt at Marco Polo: Shareholders' dissent squashed in a full poll. Pg3 No fireworks at Bonvests: hotel deal apparoved Pg3 Is F&N better off selling OCBC shares on the open market? Pg3 FTA S'pore, Australia seek cooperation in new areas Pgii Senate set to approve US-S'pore
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  • NEXT page
    • Article, Illustration
      Lock icon LORDS OF THE RING
      1003 2 Most powerful business leaders Fortune magazine in the current issue provides a snapshot of people who control the commanding heights of the American as well as global economy. It ranks them using a definition of power as the ability to affect the behaviour of other people
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    • ON THE grapevine
      • Article
        Lock icon DBS is good but not that good
        98 2 At a recent symposium organised by the Singapore International Foundation, OCBC Bank chief executive David Conner, answering a question on whether government-linked companies can make the transition to being low-cost producers, cited DBS as an example. By outsourcing technology operations to IBM, DBS
        98 words
      • Article
        Lock icon Lifting the cap on male hair growth
        64 2 MALE police officers in the Australian state of Victoria will now be allowed to grow their hair as long as female officers—a new ruling introduced to comply with anti-discrimination laws. But if a policeman's hair is more than collar length, he will have
        64 words
    • Article
      Lock icon 7.3% fall in June industrial output dampens hopes
      478 2  -  on the economy manufacturing Upward revision to second quarter GDP figures looks doubtful now By. Anna Teo [SINGAPORE] A steeper-than-expected fall in June industrial output has cast doubt on a sharp upward revision to the Q2 GDP figures. Against market expectations of
      478 words
    • Article
      Lock icon SembLog uncovers $18m of accounting shenanigans
      416 2  -  Finance staff at India unit inflated revenue, expenses By Leonard Lim [SINGAPORE] Discrepancies totalling more than $18 million have been uncovered at the Indian unit of SembCorp Logistics, where staff in the finance department created fictitious documents, invoices and journal entries. SembLog, the supply
      416 words
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      121 2 Smce j:^pci r y 3«l maio r lO'.v tax Th© WOrld S Incorporation Fees from USS500 Full professional after sales service IcdQiny provided. For a complimentary consultation, contact: Offshore Florence Nathan Genera Manager OCRA 'Singapore' Pte Ltci 24 Rattles Place -26-04 C'tor(< Centre Company Singapore *****1 Email Singapore 1 ocrasmg
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Bonvests wins nod to take over Sheraton hotel
      353 3  -  SHAREHOLDER MEETINGS Anticipated fireworks fizzle as shareholders vote for the purchase By. Andrea Tan SHAREHOLDERS of Henry Ngo's Bonvests Holdings voted overwhelmingly yesterday to take over the Sheraton Towers hotel from the controlling shareholder's company. Some 70 people turned up for an
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    • Article
      Lock icon Marco Polo quashes minorities' revolt
      463 3  -  Major shareholder Wheelock gets all A6M resolutions passed By* Andrea Tan MINORITY shareholders staged a short-lived revolt at Marco Polo Developments' annual general meeting yesterday. But their dissent delivered earlier by a show of hands was later squashed by a full poll. Marco Polo's minority
      463 words
    • Article
      Lock icon Right price for F&N capital revamp?
      663 3  -  lock siew ven sreenivasan Shareholders have recently approved OCBC Bank's plan to pare its stake in Fraser Neave. And F&N shareholders will have their say today. In May, both companies announced plans for a capital restructuring exercise and the unwinding of their holdings in
      663 words
    • Article, Illustration
      Lock icon Cheung Kong, DBS jump to Reit's defence
      487 4 They say malls in Fortune Reit are in densely populated areas of HE CHEUNG Kong Holdings and underwriter DBS Bank yesterday mounted a strident defence of the former's Fortune Reit a real estate investment trust that will hold five Hong Kong shopping malls.
      REUTERS  -  487 words
    • Article
      Lock icon MultiVision gets $21.3m from placement
      321 4  -  It sells 69.6 m new gliarog and 2fS-1m vendor shares at 31.7 C each By Kenneth Lim LESS than a year after its listing, Hong Kong-based Multi Vision Intelligent Surveillance has raised some $21.3 million in net proceeds from the successful placement of 69.6 million
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    • Article
      Lock icon Sesdaq-aspirant Ezra prices IPO shares at 34C
      463 4  -  By Leonard Lim OFFSHORE support and marine services provider Ezra Holdings launched its initial public offering of 28 million new shares at 34 cents apiece yesterday for a Sesdaq listing. Pegged at a historical price-earnings ratio of 13.6, the offer shares represent 18.9
      463 words
    • COMPANYBriefs
      • Article
        Lock icon Kim Eng starts fund mgt venture
        62 6 KIM Eng Ong Asia Holdings and a group of investors have started a new fund management unit known as Republic Asset Management KE Strategic, a wholly-owned subsidiary of Kim Eng, entered the joint venture with Anwar A wan, Goh Cheng Chua and Robert Tan
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      • Article
        Lock icon BreadTalk sets up Shanghai unit
        53 6 BREADTALK Group has set up Shanghai Bread Talk Co to make and retail bakery goods and confectionery. It is 100 per cent owned by Bread Talk International Pte Ltd, which is a wholly owned subsidiary of the company. The investment will be funded through the
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      • Article
        Lock icon Prudential pares Jurong Teoh stake
        103 6 PRUDENTIAL Asset Management is no longer a substantial shareholder of mainboard-listed Jurong Technologies Industrial Corporation. An open market sale of 15 million shares at 50 cents each last Thursday pared Prudential's stake in the electronics contract manufacturer to 1.8 per cent from 5.6 per cent
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      • Article
        Lock icon Revenne, profit down for Khong Guan
        92 6 KHONG Guan Flour Milling posted net profits of $27,000 for the year ended April 30, down from $848,000 in 2002. Revenues dipped to $8.9 million from $19.2 million previously. Earnings per share slid to 0.3 cents, while net tangible asset per unit dropped 0.54
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    • Article
      Lock icon Ex-Lloyds chief joins SIA board
      258 6 SINGAPORE Airlines has roped in the former chairman of the Lloyds group to its board. The carrier yesterday said Brian Pitman the man behind the value explosion of Lloyds TSB Group was appointed last week as a non-executive director. The national carrier is expected to
      258 words
    • Article
      Lock icon Buy now and pay later, IBM tells Asian companies
      359 6  -  Deferred payments or financing at 2.75% interest for orders of U5525,000 to USslm By Raju Chellam IN a bid to spur sluggish IT spending, global giant IBM Corp has announced a scheme for Asian companies to defer payments on purchases of
      359 words
    • Article
      Lock icon Fund managers back expensing stock options
      754 6  -  ItH discourage firms from issuing options without any care for costs: Imas By Wong Wei Kong SINGAPORE fund managers have thrown their .weight behind the proposal to force companies here to expense stock options, despite the difficulties in valuing them accurately. The Investment Management
      754 words
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      33 3 At p.a. this is more than a loan. Its what the financially savvy have been waiting for. to U'lii-f I iioii Amtifii.nri Hj *J Savings With LCP 57% > _i O z o —I
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      811 4 FORTUNE ■"""REIT Fortune Real Estate Investment Ttast (a unit trust constituted on 4 July 2003 under the laws of the Republic of Singapore) OFFER FOR SUBSCRIPTION (THE "OFFERING") BY ARA ASSET MANAGEMENT (SINGAPORE) LIMITED (THE "MANAGER") IN RESPECT OF 14MMMW0 UNITS IN FORTUNE REAL ESTATE INVESTMENT TRUST (THE "UNITS") COMPRISING:L
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      349 4 m *'H 'i. '?•&•">*/ Are You Considering A A Manpower Rightsizing Exercise? MB IB HRM3 can assist you and your planning team in your rightsizing exercise to minimize risks. Executed sensitively, our approach aims to minimize the trauma and maximize the dignity of retrenched employees. It will also help remaining
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      124 5 Deutsche Post Wortd Met MAH. EXPRESS IO&STKS FMAtKX < i T' V v .i, V'' >5 1 I 1 1 -i; > I h .v u '..V£ 9 J, J <"' $5% Mffe® >;• 4 4 r k mB 1:".- 'JShPHR J V, b t If|SB v.t--r v V <?M.*2:
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      58 6 DON'T JUST READ ABOUT THE FINEST MINDS IN BUSINESS. MEET THEM. World Premier Event for Enterprise, Innovation and Technology prjo 11 www.globalentrepolis.com enqLiirieso globalentrepohs.com Global EntrepoliS Tel: +65 6832 6233 Fax: 6336 3845 Singapore O JREND creative P B Internet ideas tor life Ill I', 1 l\l I I Ml
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      17 6 From bunnies to birds, find them all In The droits Times Classified. „V:* <& t x Vv» W
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      639 7 FtfrRTTTNTF rwivi uinl V j- 1 ■L'j'.yl22-!:5-!J JD SJ YJ aJ d iiaiDi'a 7.9% to 8.2% -equivalent to an annualised tax-exempt distribution Jf-l^dH yield of 6.5% to 6.7%*. SeeJP rofft Fprecast *^>^.~ ij&jj M£3hp mjH V s ■j&Hm jOltnEs PPPpcT sSpZs^*?^S B JB iigW 2« U lIV A VTAXftXft 11H
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      309 8 OTHER SINGAPORE MDICES Jul 28 VALUE CLOSE ■TOME -348.00 -87.00 if CUMM -*****.00 ♦142.00 BT lt-day MA -*****.00 -35.00 HMQEjMHw 426.15 >6.26 «E«db»B»ct 152.92 +1.70 WnnMliFh 1346.98 +21.42 «Qr|riiilfM> 397.42 +4.34 IMCHfcH»pow 195.50 +2.83 SMKIMm 197.10 +4.30 Stocks Volume »PC020c 63,213,000 Asia FoodAProp 61,331.000 Showy 8c 31,822,000 Chart SemiCond 26c
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    • Article, Illustration
      Lock icon SC Global sitting on huge capital gains in AV Jennings
      289 8  -  HOT STOCK/ WARRANT By Ven Sreenivasan BY its very name, this column should ideally highlight "hot" stocks stocks which are in the news. Stocks which enjoy strong liquidity. Stocks which are in play. But every now and then, I digress
      289 words
    • Article, Illustration
      Lock icon Feel-good news boosts market
      620 8  -  I-li comment STOCKS ven sreenivasan THE Singapore market started the week on a positive note yesterday, supported by optimism about economic conditions and the corporate outlook. A strong Friday close on Wall Street and a bullish showing by New York futures inspired significant activity in technology,
      620 words
    • Article, Illustration
      Lock icon US dollar rises against yen on recovery hopes
      585 8 Greenback seen remaining firm ahead of key GDP data dne this week AFP Reuters [TOKYO] The US dollar rose against the yen yesterday on growing hopes for a US economic recovery as investors expect strong US gross domestic product (GDP) figures due
      AFP; Reuters  -  585 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3096 8 UNIT TRUSTS FUNDS Crabond S'pore Class V 0999 ComnMnbank Am( MpK ASM Ann AMt Mat (S'Dorv) Com Global Finance IndexM 0 Ml S«r Eirae Eqtyl" 0646/ Com Global Utetyle Index Fd 0878/ SwEiraeM- 1277/ Com Global Haiti Men Fd 0836/ SarbfoptM 0953/ Com Global Telecom mde< Fd 043V Sar teat
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  • SINGAPORE news
    • Article, Illustration
      Lock icon FairPrice in talks for Indon venture
      535 9  -  Profit foils 422% in the absence of exceptional gain By Kalpana Rashiwala JUST six months after sewing up a deal to expand in China, homegrown supermarket chain NTUC FairPrice Co-operative is now in talks to launch another venture in Indonesia. "We are negotiating with
      ARTHUR LEE  -  535 words
    • Article
      Lock icon Virgin shuts S'pore drinks business, may return in 2004
      337 9 Bloomberg RICHARD Branson's Virgin Group Ltd is scrapping its Singapore drinks business after 19 months, closing its third venture here in three years. "Our franchising arrangements for Virgin Drinks have been terminated in Singapore due to conflict of interest within the
      Bloomberg  -  337 words
    • NEWSRoundup
      • Article
        Lock icon UBA opens tender for Industrial site
        30 9 THE Urban Redevelopment Authority has launched the tender for a 7.2-hectare industrial site at Boon Lay Way. The minimum bid price is $28 million.
        30 words
      • Article
        Lock icon CPG, university launch China course
        34 9 CPG Corp and Beijing's Tsinghua University have jointly launched a course on Strategic Facilities Management aimed at facilities management professionals in China. The first intake is expected in November.
        34 words
      • Article
        Lock icon Citibank offers new travel packages
        84 9 CITIBANK Ready Credit is introducing a new travel benefit programme from August 1 that will make "out of the ordinary adventure" travel packages "readily accessible and affordable" to customers. The Great Adventures programme will offer Ready Credit customers an 18-month interest-free instalment plan with Citibank.
        84 words
    • Article
      Lock icon IE S'pore to open Tokyo support office
      255 9 IE Singapore will open a Business Support Office (BSO) in Tokyo next week. And SM Summit Holdings one of the first three tenants expects to reap the benefits by boosting business from Japan about 300 per cent by end-2004. "Japan now makes up
      255 words
    • Article, Illustration
      Lock icon S'pore, Australia seek cooperation in new areas
      413 11  -  They are planning to set np a joint tourism council By, Joyce Koh EVEN as Singapore and Australia yesterday concluded a historic chapter in their relationship with the coming into force of their free trade agreement, the two countries are already discussing other
      413 words
    • Article
      Lock icon Infineon picks Suzhou Industrial Park for plant
      384 11  -  Park landlord to invest USs9l.6m in joint venture By Tang Weng Fai THE China-Singapore Suzhou Industrial Park Venture Co (CSVC) is investing US$9l.6 million together with German chip-maker Infineon Technologies in a joint venture to assemble and test memory chips. The joint facility
      384 words
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      527 9 Get an interest-free line of credit up to 100% of your deposit amount. With CitiGold, you enjoy a distinct advantage because we let you invest using our money for free*. You can use this interest-free secured line of credit to invest in Premium Deposits, Unit Trusts or Bonds. This means
      527 words
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  • FOCUS property
    • Article, Illustration
      Lock icon We'll go light on assets, says Ascott's new boss
      731 10  -  pf^xcTusive Eugene Lai outlines plans for serviced apartment operator By Vince Chong FRANKLIN D Roosevelt once said that "happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort". This
      731 words
    • Article, Illustration
      Lock icon Far East sells 32 units of Strata over the weekend
      263 10  -  By Kalpana Rashiwala FAR East Organization said yesterday it sold 32 units at Strata a freehold apartment development near Novena MRT Station at the weekend. The project is priced on average at $820 per square foot and comprises mostly small
      263 words
  • Page 10 Advertisements
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      891 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 ÜBI 111 53 Übi Avenue i #01-11 industbial park s Ji^Sl^ Ja Wtf-rk Entire floor 14,381 sq ft (approx.) e n 9 w l tenancies 118
      891 words
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      412 10 PRIME OFFICE SPACE Effective Sub-Lease Rate y Moving Fast V- V Heart of Raffles Place Flexible Sizes from 1,300 28,000 sf Long Sub-lease Term Fitted Out or Bare Units Sole Marketing Agent Commercial 6531 8669 6531 8666 mtmmmtm*- mKMMMMMHHi SIEMENS CENTER 60 MACPHERSON ROAD Prime bfond new corporate building with
      412 words
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      61 10 BANK'S SALE BY TENDER FACTORY AT WOODLANDS WALK A part 3/part 4 storey detached factory with ~Z" ancillary office Zoned "General Industry" Land Area: approx. 70,867 sq ft approx. 100,061 sq ft Tenure: JTC 30 yrs wef 1995 with an option to renew for another 30 yrs Tender Closing Date:
      61 words
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      128 11 ESQ Leaders Talk Entrepreneurship is set to be the key driver of the Singapore economy. To hear more about how the government is pulling out all the stops to help entrepreneurs, come and meet Mr Raymond Lim, Minister of State for Trade and Industry as well as minister in charge
      128 words
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      554 11 Choose the interest returns you wish to enjoy. With CitiGoid, you get to choose your own returns with expert advice from our team of Currency and Deposit Specialists. For instance, you can choose attractive returns of 1% p.a., 4.5% p.a. or even higher for US dollars? with professional advice from
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Arroyo must clean up military
      760 12  -  ■STTT^ I bottom line OPINION al labita WHILE it is a relief thai the latest coup attempt in Manila has come to naught, unless President Gloria Arroyo or whoever succeeds her next year rids the Philippine military of corruption, more coup attempts can be expected
      760 words
    • Article
      Lock icon IN OTHER WORDS
      46 12 Instead of spending US$5O million to be governor a wealthy person can throw in US$2 million for a recall and only need 20% of the vote to win.' Jerry Brwws, a former governor of California, on the recall ballot of the current governor
      46 words
    • Article
      Lock icon Winning the peace in Iraq
      668 12 EDITORIAL ALMOST three months after US President George Bush declared an end to major combat in Iraq, Americans have realised that their soldiers are bogged down in the quicksand of Iraqi resistance. The allies' justifications for the war are being met with increasing scepticism; intelligence
      668 words
    • Article, Illustration
      Lock icon Taking stock of the Sarbanes-Oxley Act
      1351 12 US corporate governance reforms nnder the act have changed the rules for 4 main players, and many others LATWP WITHIN the Sarbanes-Oxley Act, the most significant sections deal with four principal players: the accounting profession; corporate boards of directors; chief executives and chief financial
      LATWP; REUTERS FILE PHOTO  -  1,351 words
    • Article
      Lock icon Smaller banks: are they corning or going?
      527 12  -  MAILIiTm Narayana Narayana Singapore I REFER to the article, "Will the US FTA spark next round of bank mergers in S'pore?" by Angela Tan (BT, July 22), and the Monetary Authority of Singapore's letter, "What MAS looks for in okaying bank mergers" (BT,
      527 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Manila stocks, peso take beating after coup
      538 13  -  But stocks claw back as investors take heart crisis was solved quickly From Al Labita in Manila UNCERTAINTIES spawned by Sunday's mutiny buffeted the Philippine markets yesterday as both stocks and the peso succumbed to heavy selling pressures led by jittery foreign fund
      Source: Bloomberg  -  538 words
    • Article
      Lock icon Public Bank seeks to take HK unit private
      467 13 MALAYSIAN BANK FORAYS JCG offers HKsl.26b to minorities for 38.6% stake Bloomberg {HONG KONGJ Public Bank Bhd, Malaysia's fourth-largest lender, is seeking to take full control of its Hong Kong unit, JCG Holdings Ltd. The move follows a November agreement to take
      Bloomberg  -  467 words
    • Article
      Lock icon Hong Leong drops HK bank buy
      211 13 Arab Banking Corp's HK unit up for sale since Dec Bloomberg [HONG KONG) Taiwan's Fubon Financial Holding Co and Malaysia's Hong Leong Bank Bhd dropped talks to buy Arab Banking Corp's Hong Kong unit, the Apple Daily said without saying where it obtained the
      Bloomberg  -  211 words
    • Article
      Lock icon Commerce Asset may up slake in Bank Niaga
      210 13 Bloomberg (JAKARTA) Indonesia's government aims to complete the sale of as much as 20 per cent of PT Bank Niaga, the country's No 10 lender by assets, through the stock market by the end of August. The move may allow Malaysia's Commerce
      Bloomberg  -  210 words
    • Article
      Lock icon M'sian central bank upbeat on Q2 GDP growth
      436 14  -  Early indications show performance was better than expected: governor From Diana Oon Abdullah in Kuala Lumpur MALAYSIA seemed to have escaped the worst of Sars and other adverse developments, with its central bank yesterday expressing optimism that its secondquarter economic performance would
      436 words
    • Article
      Lock icon Vietnam's Gemadept seeks to list overseas
      198 14 HANOI Reuters VIETNAM'S largest listed firm, General Forwarding and Agency Corp (Gemadept), has sought permission to issue shares and list on foreign stock markets including Singapore to raise capital for expansion, the company said yesterday. Pham Tien Tinh, Gemadept general director, said the company
      Reuters  -  198 words
    • Article
      Lock icon Danamon sale raises 1.3t rupiah for Indonesia
      216 14 JAKARTA Bloomberg THE Indonesian Bank Restructuring Agency (Ibra) raised 1.3 trillion rupiah (*****.9 million) from the sale of a fifth of PT Bank Danamon to investors as the country seeks to cut its deficit and fulfil pledges to aid givers. The shares were
      Bloomberg  -  216 words
    • Article, Illustration
      Lock icon Imbalance in FDI will even out as China's costs rise: Dr M
      447 15 KUALA LUMPUR He says as China turns wealthier, it may need other countries' products AP MALAYSIAN Prime Minister Mahathir Mohamad conceded Monday that China's massive cheap labour market is draining foreign investment away from Southeast Asia, but said
      AP  -  447 words
    • Article
      Lock icon More fund houses set up shop in HK in 2002
      126 15 Reuters [HONG KONG] Hong Kong consolidated its position as a regional fund management centre last year as the number of fund management and advisory companies increased along with the value of assets managed in the territory, a survey released yesterday
      Reuters  -  126 words
    • Article
      Lock icon China's central bank defends yuan peg
      263 15 BEIJING Reuters CHINA must maintain a stable yuan and stave off possible inflation to protect ordinary people, central bank governor Zhou Xiaochuan was quoted yesterday as saying. "An unstable currency value, inflation, and particularly runaway inflation, will seriously erode the interests of the masses,"
      Reuters  -  263 words
    • NOTEBook
      • Article
        Lock icon Indian economy to grow 6.8%
        89 15 Bloomberg [NEW DELHI] India's economy will accelerate in the current financial year as farm production gains from above-average rainfall, raising the incomes of 650 million rural dwellers, the Confederation of Indian Industry said. Gross domestic product will grow as much as 6.8 per cent in
        Bloomberg  -  89 words
      • Article
        Lock icon Sri Lanka to speed op bank mergers
        66 15 Bloomberg [COLOMBO] Sri Lanka is considering making legal changes to enable and speed up bank mergers, the Daily Mirror reported, citing Finance Minister K N Choksy. The government is also considering the maximum stake that a bank can own in a rival, it
        Bloomberg  -  66 words
      • Article
        Lock icon Taiwan firm launches flat panel plant
        62 15 AFP [TAIPEI] Taiwan's AU Optronics Corp yesterday launched an ambitious NT$2OO billion (SIIO.I billion) project to build a plant for the production of large flat panels. The plant in central Taichung county is targeted to begin mass production in the second quarter 0f2005 after
        AFP  -  62 words
      • Article
        Lock icon EU ends China Highter drumping probe
        53 15 Reuters [BEIJING] Chinese disposable lighter makers are flickering with relief after a European anti-dumping inquiry was dropped, the People's Daily overseas edition said yesterday. The EU investigation was called off after the European Federation of Lighter Manufacturers withdrew accusations that Chinese makers were dumping,
        Reuters  -  53 words
      • Article
        Lock icon Taiwan June leading index up 1.2%
        56 15 Reuters [TAIPEI] Taiwan's index of leading indicators rose 1.2 per cent in June from a month earlier, marking the first rise since February, the economic planning agency said yesterday. The June index rose to 98.9 from May's revised 97.7, beating market expectations of 96.6
        Reuters  -  56 words
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      24 13 Lianhe Zaobao I I I mi AT I -nmm ,N I What's the I appeal af I bedget airlines? I MKSI& I I nuiAftu?!
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      223 13 Good Times Fly Save up on ANA Business Class when you fly MMHteh hi—m»w» STOPOVER SINGAPOR^^ jj Inclusive of One Asia Stopover class Economy I I r I i-i 1 Enjoy a tale of two cities with ANA's Asia Triangle Route—'Yorimichi'. r lA Whafs more, Star Alliance members will benefit
      223 words
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  • Article, Illustration
    Lock icon FINANCE
    1066 14 Transaction date: Jul 28 IMTERBAMI CROSS RATES AS C$ §■> iaro HK$ luite NpMt Yw Worn M IgMli fw S$ ta* Sir Bafct Hmt US$ tartrate 0.915 1499 0.577 5.167 30.569 56.317 0.790 7JW 2.516 1128 ***** ***** 1.158 4.881 0.893 22.785 27.791 1409 0.663 Cm* 1093 1009 0.630
    1,066 words
  • Article
    Lock icon CMMMODITIES
    1538 14 STOOMPIFTUMBB Jul 28 RUBBCI Falwes (Ctestafl prices) KSSIecMbAO Dost Votane Open Moatfc Hj<h Lot Sett (tonnes) Interest Aug 03 178.50 S«p 03 ***** Oct 03 172.50 Nov 03 170.75 RSS3(UScMii/k|> VotwM Opto Mont* Mvk Lot Sett (tOMM) Merest Aaif 03 W150 ***** 101.00 4175 3600 Sap 03 99.75 98.75
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      164 15 j T >c| I i.fi v < >; ■■?*s*• "%<: '*.jS r^J£ *>' ,< > -;'...>; f v 5->%rnl^k^ ■■'■V>;. t v .> 4 <: %?y AH those in favor of a truly independent risk consulting and internal audit firm... Sfly I gf. Ip i protiviti" ft 'vl Jr -I;
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      475 15 Conventional Unit Trusts charge you, die investor, management fees, custodian fees, trustee fees, legal fees etc. even if die manager loses money. That's where the APS Alpha Fund is unique in that it doesn't charge fees and expenses until it delivers. As Singapore's first incentive-based fund, it charges no fees
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  • WORLD news
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      Lock icon Microsoft bonus will depend on new clients
      469 16 NEW YORK Radical plan aims to change culture based on product development teams UNDER one of the most radical compensation plans ever by a large company, Microsoft's most senior managers are to be paid based on the number of new customers the company
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    • Article
      Lock icon Ifo index climbs for third month
      375 16 BERLIN German business climate index hits 89.2 in July, fuelling hope of recovery Reuters GERMANY'S key Ifo business climate index rose for the third straight month in July to its highest level in a year, fanning cautious optimism that Europe's largest economy is on
      Reuters  -  375 words
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      Lock icon Trouble ahead for MCI on govt call rerouting
      230 16 WASHINGTON NYT AT&T will offer evidence that domestic telephone traffic diverted by MCI through Canada to avoid tariffs included calls that were placed by the State Department and other government agencies, a senior executive at AT&T said on Sunday. He said the
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      Lock icon Canadian companies top in corporate governance survey
      407 16 NEW YORK Bloomberg CANADIAN companies such as aluminum maker Alcan Inc rank highest in corporate governance, while Japanese firms such as trading company Mitsui Co were the lowest, according to an analysis. In the rankings by Governance Metrics International on how well companies
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    • WORLDWatch
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        Lock icon Comedian Bob Hope dies at 100
        85 16 Bloomberg [NEW YORK] Bob Hope, the master of the one-liner whose seven-decade entertainment career spanned vaudeville, radio, movies, television and war zones, died on Sunday. He was 100. Hope died "peacefully" of pneumonia at his home, a spokesman said. His wife, Dolores, and his
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      • Article
        Lock icon Jardine Lloyd H1 profit up 4%
        55 16 Bloomberg [LONDON] Jardine Lloyd Thompson Group, Britain's largest publicly traded insurance broker, said first-half earnings increased 4 per cent as it gained new business. Net income rose to £37.7 million (*****.7 million), or 18.9 pence a share, from £36.2 million, or 18.1p, in the
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      • Article
        Lock icon Pearson H1 loss narrows to £160m
        58 16 Bloomberg [LONDON] Pearson pic, the world's largest textbook publisher and owner of the Financial Times, said its first-half loss narrowed because of smaller interest payments and lower costs for Internet-related activities. The net loss shrank to £160 million (*****.8 million) from £207 million. Sales
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      • Article
        Lock icon California Senate okays Bodget
        49 16 Reuters [SACRAMENTO, California] The California Senate on Sunday approved a new Budget nearly four weeks into the fiscal year that uses wide-ranging spending cuts and bonds to close a record US$3B billion shortfall. There are no tax increases. The measure now moves to the Assembly.—Reuters
        Reuters  -  49 words
    • Article
      Lock icon Senate set to approve US-S'pore trade pact
      445 18  -  It's part of US efforts to expand trade globally, regionally, and bilaterally, says official From Lean Hadar in Washington THE United States Senate is expected to vote on the Free Trade Agreement with Singapore later yesterday, following the approval by the House of
      445 words
    • Article
      Lock icon UBS pulling ahead of Citigroup in currency market
      597 19 NEW YORK Swiss hanking giant relies on computers to handle more customers Bloomberg ÜBS AG, Europe's biggest bank, is eclipsing Citigroup Inc, the largest US bank, in the US$l.2 trillion-a-day currency market by using computers to handle more customers and halving its
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  • Page 16 Advertisements
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      1746 16 To advertise call toll-free 1800 299 U2l InmU; nodcesgsphcomsg WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Willas-Array Electronics (Holdings) Limited ("the Company") will be held on August 26. 2003 at time 10.00
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      1133 16 IN HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies W*xlng Up No 179 of 2003/ X tn the Matter ol the Compemee Act Chaptw 50 And In the Metier of OFFICE SHOPPING NETWORK PTE LTD (Regstrator No *****53I0R) ADVERTISEMENT OF PETITION Notice is hereby given that a PeMion tor the
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  • Article
    Lock icon STOCKS ASIA
    4584 17 Transaction date: Jul 28 HONG KONG Val HKJIIntt 143 0 03 1642 MB j» "888 Hong Kong Electric 30 70 010 3569 Hongkong Chinese 0.86 001 1536 Alpha General 024 unch 406 Hongkong Chinese Ltd 0 86 0.01 1536 AnandaWmgOn .0.01 undi 0 Hopewell Holdings 7 80 0
    4,584 words
  • Article
    Lock icon KLSE
    2364 17 Transaction date: Jul 28 KUALA LUMPUR IK Vo j General Corp 0 57 unch 204 m w- rOMH General Soil 1-26 unch 0 Gentmg 15.00 -030 498 ACM Realty .0.95 0.06 7 George Kent .0.46 -002 225 Afaric .0.93 -007 540 Glubeti onus Tech 5.15 -005 45 ACP Industries
    2,364 words
  • Article
    Lock icon SGX
    717 17 Transaction date: Jul 28 Mt 041 IM> •OffiS MMOt OS Ui <0010 CK 0J3 4ND •OOJO OQC 17} «H00 NJQO 0*«und IN I «0 *0010 OUK 0* H» NJW OwltMCMJfc 149 IU70 •Ott) C« OU Cif»D»Wt 111 4W 4M ftnrtrttaariNKNrOa 1CHO ComMtrinBc UO 1710 -COU VSH k 141 l»
    717 words
  • Article
    Lock icon BONDS & WARRANTS
    504 17 BONDS WARRANTS Lad M C«w Eaar He Caar-'S** C—p—y Saka HI !<§ Mw U> AST1W*****1 8 1 16 1) US 11 Aon* Ltd WM1116 1 1 50 386 10.50 16 AmtekW*****0 *15 25 35 1 33 140 23 Armstrong VMM0520 43 0.5 32 1 10 16 27a 10 Boustead W*****2
    504 words
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      1382 18 O UniCredito Italiano s.p.A HEAD OFFICE: MILAN (ITALY) UNICREDITO ITALIANO SPA SINGAPORE BRANCH 80 Raffles Place, #51-01 U. 0.8. Plaza 1, Singapore *****4 Consolidated Balance Sheet Consolidated Profit and Loss Account As at December 31,2002 As at December 31,2002 AMOUNTS AS AT AMOUNTS AS AT (Consolidated amounts In thousands of
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      1346 18 Bayerische Landesbank BALANCE SHEET I I PROFIT AND LOSS ACCOUNT FOR AS AT 31 DECEMBER 2002 THE YEAR ENDED 31 DECEMBER 2002 (Figures in EUR'OOO) (Figures in EUR '000) ASSETS 2002 2001 2002 2001 TEUR TEUR Interest income from TEUR TEUR Cash reserves 698,765 866.641 a) Lending and money market
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  • Article
    Lock icon SGX MAINBOARD
    5993 19 Transaction date: Jul 28 am Lad Vol Day La* Quo* GrtH» H« GrTId Mat MCa> mSIw T-T Sate W- nwi NMi I— —yr Sefcr Cw Ht till AflNAmroNLG 56c 9 12 34 1381 11 9 16 16 18 0.3 0.3 1S1 18 95 AEM-Evertech 5t 15 unch 530
    5,993 words
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    Lock icon SGX XTRAKET
    64 19 U* UM V4 tar laltMl firfM* Okr OrfM MM MO* imm Cmgiiij s*» W- rww t— S+m Cm r* $m* 9600 89 Dwnondk U***** ion 8780 3750 J700 HDJUSTcdl *****0 555 555 ISMSGSpor* U5S55 kjo boo i$5«nao US8270 *50 8280 5POW IB96 SO 1410 1230 ST1ETF100 H10 *30
    64 words
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    Lock icon SOX SESDAQ
    1657 19 52-Wh Lact Vol Day MQH MM* ON CrtU MM MCm Um Cgwpii S* W- rwm u» *mm i+m Cw H W M 14 7.5 ABRMWgsSc 20 unch 1144 21.5 20 20 21 386 10 15 AP04 5C KJ -05 270 27 2(5 265 27 21 N2.4 4 97
    1,657 words
  • Article
    Lock icon CLOB INTERNATIONAL
    292 19 U-Wk lat M Bay I1Q— GfOfcr Mr CrtW M MCm ■STL 0—m, MtW- C— 161 tl A V Jenrnngi A25t A153 1«« 154 148 153 154 40 34 65 89 Mi 0thj>p*20c HK720 »S 21 7A 6 24*2 Cheung KongSOc.— —HK17B0 240 t3 M 3 79 45 Citye
    292 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      201 19 CBYPTIC CROSSWORD ACROSS 20 Inckcate a country point of sanitation (8) 31 Throw oneself into exercises m south Africa (12) Across: 1 Flog a dead horse, without a breather (6) 15 Reportedly packs flowers (5) 10 Hamadryad, 11 Basle, 12 DOWN 16 Avoids rubbish containers (5) Red deer, 13 Parrot,
      201 words
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  • FOCUS enterprise
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      Lock icon Discipline, compliance and the entrepreneurial spirit
      2084 20  -  Singapore is renowned for its discipline and its ability to enforce compliance. But these strengths can become part of a cultural pattern that inhibits innovation. Patrick Lambe warns of the dangers of resorting to punishment instead of generating creative solutions Patrick Lambe WHEN I
      FILE PHOTOS  -  2,084 words
  • Page 20 Advertisements
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      124 20 iiTi a i a al■ Diners Club Credit Card t.^c******980 Where to wine, dine and entertain... *|M[ Sunday Brunch Pete's Place Till 30th September 2003, receive a complimentary glass of house wine with every order of Sunday Brunch. Adult: $40.00 Child (4-12 yrs): $27.00 Pete's Place is located at Grand
      124 words
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      89 20 The Best Of Teochew Porridge At The River Terrace Be Porridge Savvy and eat your way to a healthy lifestyle! Have Porridge either wmy, with or without chunks of Sweet Potatoes in it To accompany your porridge, we Oder a range of sweet 4 savory local favourites. Available on Mondays
      89 words
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      68 20 j.P CHENET Cotes de Gascogne France Red or White 75d 1 BOTTLE FOR $20.00 6 BOTTLES FOR $108.00 RED/WHITE/ROSE 25d 1 BOTTLE FOR $7.90 6 BOTTLES FOR $40.00 FREE DELIVERY FOR ANY 12 BOTTLES 28 JULY to 01 AUGUST 2003 A* Hitachi Tower. #01-17. Tel: 6532 3397 'Change Alley. Cart
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      24 20 /fit *ifl I Spring Court 1 I The Oldest \j3m/ Chinese ResUmrwnt in \y\Jr Singapore since 1929. 74 Anniversary Special PEKING PUCK I 1
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      74 20 THE NEPTUNE T COllf II Q.« A I FAMILY DINNER CUM SHOW PROMOTION Now tfl 31 August 2003 Chinese Set Dinner: 7:30 pm -11:30 pm $***** nen onwards per table (10 persons) OK $40.00 net! per person. Ist Show 8:30 -900 pm 2nd Sbow 10:00 -1030 pm(Aduks only) Reservations: 6224
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  • SHIPPING TIMES
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      Lock icon DAILY FREIGHT
      280 21 Reuters THE Baltic Dry Index fell 2 points to 2206, the Baltic Capesize Index rose 17 points to 2886, the Baltic Panamax Index fell 27 points to 2204 and the Baltic Handymax Index rose 40 points to *****. TIME-CHARTER: Pitsa D Korea Line relet (built 2002) *****9 dwt
      Reuters  -  280 words
    • Article
      Lock icon MARITIME STOCKS
      264 21 181 '000 mm s$ hi CWT Distribution 0.57 0.01 299 Chuan Hup 0.43 unch 467 CH Offshore 0.27 0.02 7763 Cosco Investment ...0.36 0.01 5555 Freight Links 0.08 0.01 1524 OB Holdings 0.79 0.03 26 Java Holdings -.0 42 0.01 2789 KeppelCorp 5.15 -0.05 2494 K1 Ventura Oil
      264 words
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      Lock icon Star Cruises' passenger numbers plunge 30%
      459 21  -  Drastic fall and first quarter loss of US$2J2m blamed on Sars outbreak By Beth Jinks [SINGAPORE] Malaysia's Star Cruises has suffered a 30 per cent fall in passenger numbers this year and expects lower load factors to continue in the second half, blamed squarely
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      Lock icon Untitled
      22 21 Harbour Craft Master Course (3 days) Oil Spill Control Course CI day) Bunker Surveying Course (2 days) Port Limit Tinker Master Course
      22 words
    • Article
      Lock icon Korean yards win record new orders in H1
      254 21 New orders for 233 vessels almost triple the value from a year ago AFP [SEOUL] South Korean shipyards won new orders to build 233 vessels in the six months to June, a halfyear record volume, the government said yesterday. The Ministry of
      AFP  -  254 words
    • Article
      Lock icon Monsoon rains halt operations at western India ports
      392 21 Reuters [AHMEDABAD, India] Kandla, one of India's busiest ports on the western coast, suspended operations late on Sunday after the region was hit by fresh torrential monsoon rains, a port official said. The port, which just resumed operations after a gap of
      Reuters  -  392 words
    • Article
      Lock icon Kuehne & Nagel's Asia sales boost Q2 profit 29%
      217 21 Kuehne Nagel's Asia sales boost Q2 profit 29% Bloomberg [ZURICH] Second-quarter profit at Kuehne Nagel International, the world's biggest sea-freight company, rose 29 per cent on sales growth in Asia. Net income rose to 45.8 million Swiss francs (5559.47 million) from 35.4 million francs in the year-earlier period, said chief
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    • CUSTOMS measures
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        Lock icon US wants early notice of cargo shipments
        634 22 Concern about terrorism has led US Customs to change the way trade is being conducted AP [WASHINGTON] THE US Bureau of Customs and Border Protection wants shipping companies to tell them what is in every rail car, cargo plane and truck before it
        AP; US CUSTOMS SERVICE  -  634 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      108 22 PAGE BSA 4 B'tang Mas 6 CM A CGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hangli 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien Hung 5 Kyowa
      108 words
    • Article
      Lock icon SHIPPING GUIDE
      8213 26 THEBUSINESSTIMES A EXPORT ETA ETA Advarttsar Vassal Voyaga Talapftona ETA ETA Advartlsar Vassal Voy SIN Dost'n Nama Nama Numb* Numbar SIN Dastn Nama Mm Numb* Numb* T7/08 26/08 COSCO MIN HE 221W 65******00 Tb ABIDJAN (ABJ) 2003 Cot. D-lvoJr* 2*?*** wanwmKP 325 65*2MnS? 05/00 *>/04 CMA COM CANMAR
      8,213 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        620 27 Vessel Voy No Mrtfc Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E3171 J3 A/SIDE 29/07 0030 SAAO 01 J15 A/SIDE 29/07 0700 SIANTEK 8 J12 A/SIDE 29/07 1400 TY-COON V04 J14 A/SIDE 29/07 1500 ATRIA JB702 J4 29/07 1045 29/07 2300 BAYSWATER118 E3172 J3 29/07 1730 29/07 2359 BT
        620 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1853 27 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACXDAHUA 064N 064N 1 *****003-0600 *****003-2000 K12 ACXRAffLES QMS QMS 1 29)07/*****7:00 *****003-1700 806 ANDA 3180 3180 1 S«) *****003-2100 K10 AH DENMARK 107E 107E 1 3007/2003-22.00 *****003-2200 API BtGLANO
        1,853 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        139 27 Aagl China: Founding Chi PLA. Anf 4 Australia: Picnic Day. V Kingdom: Summer Hoi. An* 12 Thailand: Queen's Birthday. Aaf 15 France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Au*17 Indonesia: Indepen Day. Anf 24 UKingdom: Summer Holiday. Aug 31 Malaysia: National Day. Philippines: Nat Heroes
        139 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        781 27 THIS report, compiled by Cockett Nla rine OU Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the
        781 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        476 27 Carbon 180 Mai 991.7 0.6 16.2 0.08 69 0.06 JtH t7 Density Mltr InMw AshAluminJuin Sediment No above E25 2 0 4 0 0 0 380 Ave 965.6 0J 15.3 0.05 19 0.02 b£! 380 Max 991.1 3.0 17.8 0.09 57 0.08 U/tfJ »m/m »M/M WW
        476 words
    • AIR & LAND transport
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        Lock icon Lufthansa, Swiss Air seen striking share swap deal
        434 28 Swiss Air may also get cash injection from Deutsche Bank, says report AP [LAUSANNE] Germany's Lufthansa and Swiss International Air Lines are set to strike a deal that will keep Switzerland's struggling national carrier in the air, a newspaper report said on
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      • Article, Illustration
        Lock icon Cathay to increase flights next month
        379 28 AFP [HONG KONG] Hong Kongbased carrier Cathay Pacific said yesterday it will add more flights to its schedule as the Sars crisis recedes and will operate at around 90 per cent of normal capacity in August. The latest move comes as the airline rebuilds
        AFP  -  379 words
      • Article
        Lock icon Air NZ tightens security
        121 28 AP [WELLINGTON] Air New Zealand is stepping up security by requiring all passengers to present photo identification from today before they can board domestic flights, the airline announced yesterday. Travellers without identification such as a passport or drivers licence will not be allowed to board the
        AP  -  121 words
      • Article, Illustration
        Lock icon Former head of bankrupt Air Lib under probe
        263 28 AFP [PARIS] The former head of bankrupt French airline Air Lib was placed under formal investigation on suspicion of embezzling cash from the carrier's parent company, legal sources said. Jean-Charles Corbet is suspected of illegally siphoning off funds from his holding company,
        AFP  -  263 words
      • Article
        Lock icon Govt should give up control of Biman: World Bank
        214 28 Xinhua [DHAKA] The World Bank has suggested that the government of Bangladesh immediately review its policy on divesting only a minority share of Biman Bangladesh Airlines in its search for a strategic partner. The World Bank observed in a recent study
        Xinhua  -  214 words
      • Article
        Lock icon Qantas seeks to bar DVT lawsuits in Australia
        346 28 It urges appeals court to follow British court ruling Reuters (MELBOURNE] Lawyers for Qantas Airways Ltd asked an Australian appeals court yesterday to follow a recent British court ruling and bar passengers from suing airlines over so-called economy class syndrome. In contrast,
        Reuters  -  346 words
      • Article
        Lock icon Gulf Air to resume US flights
        172 28 AFP [ABU DHABI] Gulf Air will resume flights to the United States as well as some European destinations in the latter half of 2003 on the back of strong third-quarter passenger and cargo figures, the airline said. "Our strong performance sets the scene for
        AFP  -  172 words
      • LOGBook
        • Article
          Lock icon Airlines up seats to Anckland by 30%
          90 28 Bloomberg [AUCKLAND] Auckland International Airport said airlines will raise seat capacity to New Zealand's busiest gateway more than 30 per cent during the southern hemisphere summer. The increase comes as Emirates, Asiana Airlines and Royal Brunei begin flights to New Zealand, and established
          Bloomberg  -  90 words
        • Article
          Lock icon BAA sees passengers returning
          73 28 Reuters [LONDON] Britain's biggest airports operator, BAA Pic, posted lower first quarter profits yesterday but said it had started to see an improvement in passenger growth and revenues towards the end of the period. Pre-tax profit fell 11 per cent to £127 million (***** million), dented
          Reuters  -  73 words
        • Article
          Lock icon German carrier hubs In Stuttgart
          97 28 AP [FRANKFURT] German travel operator TUl's budget airline Hapag-Lloyd Express said it will begin service from the south-western city of Stuttgart in October. The airline will become the first budget airline to serve the region, launching the new service with flights to Rome and Venice
          AP  -  97 words
        • Article
          Lock icon Qantas plans daily NZ service
          43 28 Bloomberg [SYDNEY] Qantas Airways Ltd, which is seeking regulator approval to buy a stake in rival Air New Zealand, said it plans to offer daily non-stop services between Auckland and Queenstown in New Zealand starting Oct 26. Bloomberg
          Bloomberg  -  43 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1734 28 gel ii m m MM* IMT70 22)5 FMa SOW* 840 S0990 MS 1 1 MB gg M W1 1625 IWM IMP AacUrtw UJ)7 1455 6*974 01)0 UUO 2255 hmo. WM QH I— MM 4 i Ml Wl w W* M- NtCMMMCKy W741 1)25 WI742 WOO tecMM
        1,734 words
  • Page 21 Advertisements
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      340 21 People Singapore-listed and Hong Kong headquartered commodities trading and transport group, Noble Group has appointed Gary Mtze to the newly created position of global chief operating officer. Mr Mize boasts a 35-year career as a senior executive of two multi-national commodity suppliers. He spent 25 years with Cargill and subsequently
      340 words
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      Lock icon Page 21 Advertisements Column 2
      66 21 ~*l ~i i „m umnansa, Swiss seen striking Jak' share swap deal <i Cathay to increase digits In August BACKPAGE H 42 Circular Roid 1 T: Singapore *****1 www.moUy-malaoc.coai H I Get Shanghai'd at Molly's! I ■TT Shipping Industry Night on Tuesdays H "Hoist the Jolly Roger" from spm to
      66 words
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      650 22 IMPORT I NORTH AMERICA 11 11 AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPWESS (3SX) [AUSTRALIA ASIA EXPREBS (AAX) ~1 vtssa VOT icq Si""] m wssa |vor|wi|ni|»|m|Bi *aT" w OOaCHMA 63W70 16/07 03/ M 05/00 AMAUANY lON 14/17 21/07 23/07 25/07 20/07 03/01 OS/OO PtO NIOUOYD STUYVESANT 17WW 23/07 10/01 12/01 NYIPRBE
      650 words
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      Lock icon Page 22 Advertisements Column 2
      395 22 lin— &mvKMlywntidty L- iMambarsoft* Sngopori Shipping Awociqlion amockwoh PI ULY UMi mu /vissa mm m n* A p. a** vm am Prinott Lily 0703 03/06 05/06 14/06 Mold Star 541 A 13/06 15/06~ 24/06 PrincMsUty 0603 23/06 25/06 03/09 Moid Carrier 741 A 03/09 05/09 14/09 VII I I J
      395 words
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  • Page 23 Advertisements
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      1022 23 I TO USA (SAX SERVICE) vessel ypT s« n> lax oak ml hou oo cot mm m. nyc AftBtGUNO 1201 >0/07 14/01 10/00 10/00 10/01 10/00 WW APtCANADA i isc 06/01 11/01 25/01 26/0t 24/01 16/01 M/M 26/01 2f/M 2f/0t IBAPIKIOfItfW 1171 20/01 1 04/09 1 03/09 1 09/09 1
      1,022 words
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      Lock icon Page 23 Advertisements Column 2
      2062 23 Oit fUVICK RM ,-j-i SIM AFOtf 10 BUCK HA VIA PtCT IM» |I<WIIMTO pti LTD mnSOMMSM"* bssr*. ns a» tt I SSSSRSiSBSSLM 33 Ollftlll«7M<25! TE: «H IfN(MM) MMUID/OI 44MS7M 4IMSIH/W I -J T/SMPMP 44MSRS 41MSJ14/44 I a»MMWOnra« jONorsomo: convhtkmui mnmm »nuiM I HWT immmiNUm) conMnawßoswi— BLU-MMIM MULM-MMI* VSL/VOV V Mt
      2,062 words
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  • Page 24 Advertisements
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      327 24 081 MAC WHttUmnmOOKmam M»m4« HUfa HMT4» I4IUj ntiiiiit«Hiim mm n BttSM IXX^Ml»fr<mO>«t/OPW<TWlW|l3»nill7WJtim»^77 vor |MM raauum uiiwh m«« »«r cowan 1 fIHS; IS HI M If tt 8S 88— SB MW li/H IMI &W ~WW ?T7M KM Wr~l lIT 11 ITTtTT: IVBSa Wf SMGAfOCE FOS TUNIS CASMUNCA (MAN ■OSUGMKM MMH SIKoT
      327 words
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      Lock icon Page 24 Advertisements Column 2
      53 24 H vessel |wo wa law mmi oo B MEOWgSSUiy WO 23m 2500 lOW ~^~M MMOvEawma 741» nw kh 14*0 MffjjgSSUU MM 1301 10/00 2*m M MlOvrSTAfl 1542 A 2M>9 Hg SCHKDUUD SAILINGS TO I COLOMBO TIMBER, BREAKBULK i PROJECT CARGO Stagaarr Seewwi Sfctael*/Uwdes he W W: *****171 ft*: *****600/*****979 NrtMng:
      53 words
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      Lock icon Page 24 Advertisements Column 3
      425 24 yn\ WAN HAI LINES TEL: *****588 FAX: *****163 INTRODUCING:- NBW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more dmtailm, caff HOTLINES *****588/1800-*****00 ASIA EXPtfSS IMA SAJUO MPOKT SAID SAAB MPOCT IMA 11/N M/M 07/
      425 words
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      464 24 i PSA iL MYANMA FIVE STAR UNE "nssrssr vosa VOT sm w P« ha M6M mm su> HPA-AM M7W St M MAUTUA: OOUSTUO SWfPWC AHNCIiS OIL- 03-*****300 PtL 03-317M101 fOt 04-*****02 BANK UNE (A Mrvko ti Aadrew Wtk Stripping] 1 NOtTHiOUNP TO lUKOW~| V COKttBO, ROItO, MUX I HUVYUFTS msa
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
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      539 25 A k UK CONTINENT SERVICE Loadbigfbr THOR LOTUS RTM/ATW/BMN/UK/NAN ZEYNEP KIRAN ROM/ATW/BMN/UK/NAN Lood» Sng■pom. E7W Indonwli MIDDLE-EAST SERVICE Loading tor PAN BRIGHT AON/HOO/JDH/AQA LOK RAJESHWARI AON/HOO/JDH/AQA J. FRIEND D6l/ABU/DOH/BRN/DMM/KWT LOK PRATAP 081/ABU/DOH/BRN/DMM/KWT Toad* Singapore. E/W. Matoym, tndonoM* USA SERVICE Loading tar QUI GON JINN CAM/NFK/SAV/NCX. PAN DYNAMIC VCW/lAX/MZL PACIFIC EMBOLDEN
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      Lock icon Page 25 Advertisements Column 3
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      121 27 2 FOR 7AM 29 Jul 2003 fIIIHHHHfIHHfIHttHIiHIIfIfIIHHHHBHfIIIHHHHHfIVBHHfIHHHiIIHHHMfIHHBfIHfIIHRL 2Sr i—"* 0L >-...! i I Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds p a i n 1 One half fleche represents 5 knots Cloudy Day -One full
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