The Business Times, 19 August 2003

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Total Pages: 24
1 24 The Business Times
  • 14 1 MITA (R024/P3/2003 85e THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg TUESDAY, AUGUST 19, 2003
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  • 1190 1  -  They want savings invested in worker training or technology Bui Andrea Tan, Vince Chang [SINGAPORE] Employers yesterday said savings from any cuts to their share of CPF payments should not be linked to a company's bonus reward for staff. They also believe the
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  • 726 1  -  News of impending CPF cut draws investors to companies with high wage bills By Ven Sreenivasan [SINGAPORE] A powerful combination of optimism and opportunism sent the Singapore stockmarket leaping to its highest close in over a year. While investors searched out stocks which
    Source: Bloomberg  -  726 words
  • 69 1 Dsn 1,***** (+27.92) ST INDEX FUTURES 1,61S.00 (+26.00) SJMSCI FUTURES 200.60 (+4.10) Monday Chanffp KLSECOMP ,72*84 *9X1 —aI IO.OCK.97 189.50 HAMi SENG _10£&U4 100 4* SET INDEX 520.51 *1.47 JAKARTA (X)MP_(1m«L MANILA UOMP .1,***** .04* TAIPEI WPI 5516.80 «2H.« SEINJLCOMP 730.10 SHENZHEN B -2S0.14 12»t AI'ST All.OKI) AI5H30 15.50
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  • 82 1 FOREX RATES U8$ S$ I SS |SS per I SS| 1.74H V(l 81/SS ptT S| I :>% 179U El RO|I SS/SS E|. 1.125 1966 YEN 1192 6*20 KM 1 WW 2.I74 HKS 7.799 4 462 BAHT 4164 2182 RI'PIAH Hjtt 4.880 RENMINBI 8.299 4.748 INDIAN KlTEE 4*90 26i6 AS
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  • 386 1  -  But Aussie telco's snit against account manager continues By Angela Tan [SINGAPORE] Reflecting the rivalry in Singapore's telecom sector, Australia's Macquarie Corporate Telecommunications recently accepted rival Phoenix Communications' offer to settle a defamation suit brought by Macquarie against Phoenix in the Singapore High
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  • Page 1 Advertisements
    • 196 1 i Wn i ARTHUR LEE The creative entrepreneurs [SINGAPORE] Business trailblazer Olivia Lum, chiefexecutive and founder of Hyflux, was voted by Business Times readers as Singapore's most creative entrepreneur, ahead of seven contenders. Qian Hu's Kenny Yap was voted the runner-up. ftaport, P|S July NODX up 10.8%, Pg 2 JLL
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    • 3 1 Ml 8"*****1 *****4
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    • ON THE grapevine
      • 133 2 JAPANESE auto giant Toyota has urged the 28,000 employees at its headquarters in central Japan to stop driving to work because they are causing traffic jams. "It may seem like a contradiction, but think about the problems we are causing to the community around us," said company
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      • 125 2 IF you got lost in the jungle, you'd hope someone would send out a search party. And that's what happened when five hikers failed to return from a trek up Brinchang Mountain in Malaysia's Cameron Highlands. Unfortunately, the searchers themselves got lost in the jungle while looking
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    • 364 2  -  Company may form a consortium if it bags the deal By Kalpana Rashiwala [SINGAPORE] Singapore Power may be a step closer to expanding further overseas. It has emerged as the sole bidder in a recent auction of the Philippines' transmission lines
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    • 498 2  -  EYEOMTHEECOMOMY But key electronics exports still weak, showing small growth of 2.4% By. Anna Teo [SINGAPORE] The third quarter has got off to a promising start, with July's non-oil domestic exports up 10.8 per cent year-on-year much slower than the June growth, but
      Source: IE S'pore  -  498 words
    • 277 2 [SINGAPORE] Business trailblazer Olivia Lum, chief executive and founder of Hyflux, was honoured with a "Royal Salute" last night at a presentation at the Fullerton Hotel. Business Times readers voted her Singapore's most creative entrepreneur ahead of seven other contenders retailer Mustaq Ahmad, Apex-Pal's
      ARTHUR LEE  -  277 words
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  • SINGAPORE companies
    • 357 3  -  Recovery in freight rates, cost cuts seen boosting profit By Ven Sreenivasan THE shares of Neptune Orient Lines leapt to their highest levels in three years yesterday in anticipation of the company unveiling robust second-quarter earnings this week. The stock, which just
      357 words
    • 455 3  -  HQCKIWffgTPI neil behrmann MOST fund managers have become wary of bonds and are relatively bullish on equities. But should individual investors follow the institutional herd? After all, in the main it missed the first part of the post-Iraq War stockmarket rally and jumped into bonds
      455 words
    • 589 5  -  Funds raised from the IPO will be used to expand locally and overseas By Vince Chong DOING business comes naturally to sushi king Douglas Foo, who once did four jobs in a single day labourer, tuition teacher, baker and market researcher because
      LIANHE ZAOBAO  -  589 words
    • 215 5  -  By Amit Roy Choudhury AIRCRAFT retrofit specialist and aerospace components supplier A-Sonic Aerospace said yesterday it has lodged a preliminary prospectus with the Monetary Authority of Singapore for a mainboard listing. A-Sonic founder and chief executive Janet Tan said: "Our proposed listing presents another milestone
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    • 466 5  -  BTIsWiIIIMWJ Peak Pacific owned by US, Finnish interests By Loh Hui Yin THE current flurry of initial public offers and China IPOs in particular has prompted a foreign-owned firm that specialises in investments in China's power sector to consider listing here. Singapore-incorporated Peak Pacific
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    • 523 6  -  Operating profit of steel business surges 71% in first halftos2o.7m By Serena Ng AFTER a 30 per cent fall in net profit in the first quarter, Nat Steel Ltd yesterday posted a more than doubling in second-quarter earnings to $19.2 million,
      523 words
    • 464 6  -  Robust Q2 takes HI net profit to $13J>m, on strong demand for computer notebook casing* By Loh Hui Yin SHRUGGING off the Iraq war and the Sars epidemic, electronics contract manufacturer Huan Hsin's net profit jumped 33 per cent to $13.5 million in the
      ARTHUR LEE  -  464 words
    • 336 6  -  By Amit Roy Choudhury SESDAQ-LISTED DMX Technologies Group yesterday reported a 30 per cent increase in net profit to US$2.l million for the six months ended June 30. CEO Giang Phung said that despite challenging conditions the company "put up
      ARTHUR LEE  -  336 words
    • COMPANYBriefs
      • 43 6 CINEMA, bowling and property management group Cathay Organisation Holdings' group net loss for the first half ended June 30 narrowed 34.8 per cent to $918,000 from the previous first half. Group revenues rose 24.5 per cent to $19.1 million.
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      • 79 6 MARINE group Pan-United Corporation posted a 27 per cent year-on-year drop in Q2 net earnings to $4.5 million on the back of higher minority interests and a 35 per cent decrease in group revenue to $79.1 million. For the first half, net profit fell 24
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      • 43 6 PACIFIC Andes Holdings yesterday reported a 56.9 per cent jump in Q1 net profit to HK$14.15 million compared with the previous first quarter. Group turnover for the three months ended June 2003 rose 26 per cent to HK$454.4 million.
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      • 89 6 Reuters TWO Singapore shipbuilding companies, Labroy Marine and ASL Marine Holdings, have secured major shipbuilding and coal transportation contracts from Indonesia. Labroy's subsidiary PT Nanindah Mutiara Shipyard had signed two contracts from units of Indonesian state oil company Pertamina to build two product oil tankers
        Reuters  -  89 words
    • 279 6 SAYING that managing costs alone is not enough, Singapore Airlines has roped in consultants to help evaluate its business processes and organisation structure. The project team began work earlier this month, but SIA said the review was planned well before the Sars outbreak. Hit by the
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  • Page 3 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      324 4 OTHER SINGAPORE INDICES Aug 18 VALUE CLOSE BTOMDS 803.00 +443.00 IT CMI -*****.00 +287.00 ST 10-day MA -*****.00 +81.00 nrrrritfHii 440.70 +8.07 SCE«rfb-Ehct 164.39 -»4.96 1381.46 +24.23 396.71 -0.73 MSCIttginri 200.55 +3.56 SMSQUm 200.60 +4.10 Stocks VoImw Goodpack lc 57,722,000 Integra 5c 55,092,000 GES Intl Ltd 20c 36,905,000 Chart SemiCond
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    • 285 4  -  By Ven Sreenivasan AFTER a year-long slump, the Singapore stock market is in the midst of a sharp upswing that has lifted the Straits Times Index as much as 25 per cent in the past three months. Liquidity has quadrupled, scepticism
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    • 649 4  -  STOCKS ven sreenivasan SINGAPORE stocks rallied in the wake of the strongest signals yet that the government will cut Central Provident Fund contributions to boost corporate cost-com-petitiveness. The market was also lifted by strong July electronics exports, which confirmed that the economy is indeed
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    • 822 4 Fears of central bank intervention hold back any significant advances Reuters AFP [SINGAPORE] Torn between rallying stock markets and the fear of central bank intervention, Asian currencies struggled to rise yesterday against the US dollar. The greenback rose modestly against the yen
      Reuters; AFP  -  822 words
  • 3360 4 UNIT TRUSTS FUNDS ■YnTtmiRflHIHHH Cwmiaiiliaidi Asset Mgt KiUUbUQISHHH Cam Global France Index Fa 0 849/ —n...! Com Global Uiestyle Inde* Fd 0 886. t Com Global HeaKhlndoFd 0318/ Sat E uope fqty' 0 6» Com Global Telecom tode, Fd.. 0442/ SlUSE 0 Com Global How Mb Fd<** 0.315/ ._r Com
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  • Page 5 Advertisements
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    • 1006 5 interim report 2003 J noble noble group limited y I I |"N "Delivering Tomorrow's Growth Today r vJ I V/ U -Asia's leading supplier of strategic I raw materials" (Incorporated in Bermuda with limited liability) To our shareholders, The Board of Directors of Noble Group Limited is pleased to present
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  • Page 6 Advertisements
    • 1582 6 To advertise call toll-free 1800 289 8822 Email: notfcesesph.coa.se wp CH OFFSHORE LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of CH Offshore Ltd (the "Company") will be held at 388 Jalan Ahmad Ibrahim, Singapore *****7 on
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    • 665 6 IN THE MATTER OF THE COMPANIES ACT CAP. SO AND IN THE MATTER OF CLARICA ENTERPRISE PTE UMTTEO NOTICE OF SPECIAL RESOLUTION FOR MEMBERS VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordnary general meeting of the members of tha above-named Company, duly convened and held at 190 Middle Road
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  • SINGAPORE news
    • 386 7  -  Terence Tang will seek North Asia opportunities forGlCnnit By Andrea Tan TERENCE Tang, the man who proposed setting up a Jones Lang LaSalle alumni, will soon be leaving the property consultancy as its country head for GIC Real Estate. Mr Tang
      386 words
    • 394 7  -  By Siow Li Sen UNITED Overseas Bank is banking on the young to help it cross the million mark profitably in its lucrative credit card business amid rising unemployment. According to UOB's credit card head Francis Hsu, the bank is racing to
      394 words
    • 300 7 FOR two years in a row, fish have played an important role in determining who would be Rotary-ASME Entrepreneur of the Year, with this year's award going to Ricky Chew, owner of seafood chain Fish Co. Mr Chew's win follows that of Sakae
      FILE PHOTO  -  300 words
    • 232 7 FORMER SPH Media Works director and CEO Lee Cheok Yew has joined MTV Networks Asia as executive vice-president (Southeast Asia and mobile). He will oversee the music network's joint-venture operations in Indonesia, Philippines and Thailand, as well as the newlylaunched MTV Mobile division.
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  • Page 7 Advertisements
    • 217 7 Good Times Fly Save up on ANA Business Oass when you fly NUMalHautolMtt STOPOVER SINGAPORE Business Class Economy Class Ik f Bar^tok" 9 fcSftMO fr 551!460 gX. Enjoy a tale of two cities with ANA's Asia Triangle Route—'Yorimichi'. A What's more, Star Alliance members will benefit from mileage accrual. Simply
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  • EDITORIAL & opinion
    • 819 8  -  THEJHHB OPINION david mason MOST democratic governments need good public relations, not only to sell their more controversial policies to the public, but also to ensure that they retain votes. Back in the 1970s and '80s, many observers wished that
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    • 73 8 'My children are secure financially, but my grandchildren? The kind of debt we're building up, the kind of confusion we're creating in the global order, is a threat to my grandchildren's security. I have a feeling that we really don't know what we're doing.' a -Andrew Youiig
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    • 571 8 EDITORIAL MUCH attention is being focused on Prime Minister GohChokTong's comments on the proposed CPF rate changes. Understandably so, since what is being proposed is a profound shift in the way Singaporeans prepare for their retirement and old age. But it's important to keep in mind
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    • 783 8  -  They think the big blackout last week is the harbinger of another recession. Statistics should dissuade them By David Pauly Bloomberg News THE US economy is getting healthier and healthier. I know that because Deere Co last week reported a quarterly profit increase of
      Bloomberg News; AP  -  783 words
    • 606 8  -  Jeannie Ong Assistant Vice-President Corporate Communications Star Hub WE refer to the comment piece "Who's crying wolf now?" by Tang Weng Fai (BT, Aug 18) and wish to highlight that the headline does not present a true account of the situation. Star Hub Cable
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  • Page 8 Advertisements
    • 98 8 Fax your letters to 6319-*****r email them to btietterQsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore3lB994. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the right
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  • FOCUS property
    • 637 9  -  It quashes talk that because flat owners have failed to refinance in droves, it may ask banks to bid for its mortgage portfolio, reports Slow LI Sen Siow Li Sen THE government has no immediate plan to sell the Housing and Development
      FILE PHOTO  -  637 words
    • 374 9  -  Guide price is $33m for the freehold sites totalling 36,686 sq ft Kalpana Rashiwala LAND sales activity in the Amber Road area could be hotting up again following Marco Polo Developments' recent purchase of the Sea View Hotel site. CB Richard
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  • Page 9 Advertisements
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    • 606 9 f Chat u COLLECTIVE SALE subject Prime Condominium Site in 0 site Orchard Road Area a c Freehold C shZpp£!g t Fringe of CBD Orchard Rd Shopping Belt Centre somwiet Prime exclusive residential enclave MRTA p. phu singapura Walking distance to MRT Stations Specialists' s£>pp£9 Site area: 43,150 sgft Residential,
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  • REGIONAL news
    • NOTEBook
      • 78 10 Reuters [BEIJING] Australian Prime Minister John Howard said yesterday that he discussed the setting up of a free trade agreement with China but no decision has been reached and the two countries plan to hold more talks. Chinese and Australian officials are due to meet
        Reuters  -  78 words
      • 72 10 AFP [BANGKOK] US President George w Bush has confirmed he will attend a Pacific summit here in October even though alleged terror chief Hambali had been planning to attack the meeting before his arrest, Thailand said yesterday. Prime Minister Thaksin Shinawatra said Thailand will
        AFP  -  72 words
      • 74 10 Reuters [TAIPEI] BenQ Corp, Taiwan's largest computer peripherals and cellphone maker, reported a 40 per cent drop in second-quarter profit yesterday as the Sars outbreak hurt demand in a key market—China. However, the firm, a core member of the Acer group, is optimistic
        Reuters  -  74 words
      • 72 10 Reuters [SINGAPORE] China has approved a US$2OO million joint venture between China Petroleum and Chemical Corp (Sinopec) and oil major Royal/Dutch Shell to set up 500 service stations in China, a Sinopec official said yesterday. The government gave its approval to a feasibility study for
        Reuters  -  72 words
      • 74 10 Bloomberg [MANILA] Megaworld Corp, a Philippine condominium builder, said it has won the right to develop a 24.6-hectare lot at Villamor Air Base, the Manila headquarters of the Philippine Air Force. Megaworld will pay Bases Conversion Development Authority 415.8 million pesos (5513.2 million) and
        Bloomberg  -  74 words
      • 38 10 Bloomberg [MANILA] Bank of the Philippine Islands, the country's second largest lender, said its reinsurance unit, Universal Reinsurance Corp, plans to combine with local rival Malayan Reinsurance Corp. It did not give details. —Bloomberg
        Bloomberg  -  38 words
    • 141 10 KUALA LUMPUR AP MALAYSIA'S manufacturing sales rose 7.4 per cent in June compared to the same month last year, the government said yesterday, reflecting strong export growth. The Department of Statistics released preliminary data yesterday that showed manufacturing sales rose to RM27.7 billion
      AP  -  141 words
    • 643 10 HONGKONG Punters buying into firms with good dividend yields, or are takeover plays Reuters THE worst appears to be over for Hong Kong's battered lenders, but persistent economic weakness is likely to dampen growth in the second half. Stocks
      Reuters  -  643 words
    • 445 10 BEIJING Move may pacify trade partners over the yuan peg Reuters Bloomberg CHINA yesterday said it was considering cutting export tax rebates as a way to ease pressure on state coffers and government sources said such a move would help relieve pressure on
      Reuters; Bloomberg  -  445 words
    • 167 10 KUALA LUMPUR Bloomberg PUBLIC Bank Bhd, Malaysia's fourth-largest lender, said it was awarded a full banking licence by the Hong Kong Monetary Authority, after 13 years of operating with a restricted licence in the territory. Public Bank "now has access to the
      Bloomberg  -  167 words
    • 452 10 SHANGHAI CHINA'S initially positive response to Hong Kong's plan to become an offshore renminbi centre is coming under fire from Chinese officials, who fear it could destabilise the currency and unfairly advantage the territory and its banks, the Financial Times
      452 words
    • 314 10 AFP {MANILA] Philippine President Gloria Arroyo respects a court decision suspending the country's central bank chief for a year, but believes he should be given every chance to appeal. Finance Secretary Jose Isidro Camacho said yesterday. Mr Camacho said the president had informed
      AFP; REUTERS  -  314 words
    • 543 11 HONGKONG But officials expect post-S&rs recovery to benefit economy and labour market AP HONG KONG'S unemployment rate rose to a record 8.7 per cent in the three months ending July 31, as new graduates flooded an already tight labour market in the lingering
      AP; REUTERS  -  543 words
    • 180 11 TAIPEI Reuters TAIWAN'S NT$5OO billion (Ss2s billion) National Stabilisation Fund has decided to ease rules on share sales to raise cash to defend the stock market in case of political turmoil around next year's presidential election, a newspaper said yesterday. The Economic Daily
      Reuters  -  180 words
    • 240 11 HONGKONG Growing fears over budget deficits as tax revenues shrink AFP THE Hong Kong government has formed a task force to work out the details for the introduction of a sales tax, a press report said yesterday. A sales tax
      AFP  -  240 words
    • 264 12 BEIJING Reuters THE Chinese government spent almost a third more on roads, power plants and other fixed assets in July than a year earlier, state data showed yesterday, underscoring official worries about economic overheating. The figures confirmed a powerful rising trend in state investment,
      Reuters  -  264 words
    • 377 12 NEWDELHI Hewarnsofhigli unemployment leading to social unrest AFP INDIAN Privatisation Minister Arun Shourie has warned that China's economy will outstrip India's six times over in the next 15 years if India continues with its present slow pace of economic reform. In an
      AFP  -  377 words
    • 221 12 m BEIJING AFP STRUGGLING Japanese technology giant Sony aims to turn China into its second largest market after the United States by 2008, state press reported yesterday. The company is shooting to increase annual sales in the world's most
      AFP  -  221 words
    • 88 12 AFP [KARACHI] Pakistan cricketers Shoaib Akhtar (right) and Shabbir Ahmed at a training session at the National Stadium here yesterday. The team is preparing for a Test series against Bangladesh which will commence on Wednesday. Bangladesh will also play five one-day matches after the
      AFP  -  88 words
    • 183 12 TAIPEI AFP TAIWAN'S petrochemical giant Formosa Plastics group is studying the feasibility of developing a steel and automobUe complex in southern Taiwan, the Commercial Times newspaper reported yesterday. Group chairman Y C Wang said in an interview with the paper that the steel/automobile investment reflected
      AFP  -  183 words
    • 188 12 SHANGHAI AP CHINA will soon release a new auto-industry policy to prevent overinvestment and improve technical standards, state-run newspapers reported yesterday. China aspires to nurture a world-class auto industry, and has been planning to consolidate its more than 120 mostly smaller car
      AP  -  188 words
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    • 128 10 Your annual mooncake festival celebration isn't complete without the delectable mooncakes from Si ChuanDou Hua Restaurant at Plaza Paikroyai and Top of UOB Plaza. Prices start from S2B a box of Golden Pandan Lotus Seed Mooncake to $32 for a box of Lotus Seed Double Yolk Mooncake. Bulk purchase discount
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    • 40 10 MERITUS MANDARIN SINGAPORE Semi-buffet Lunch: TOf) 12.00 noon to 2.30 pm Of (Be Monday to Friday. 7IV $38+++ per person Reservations: 6831 6258/88 "'.','."ll"' MEATUS MANDARIN 'tVtai 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361
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  • Article, Illustration
    1050 11 Transaction date:Aug 18 mTEEBAlIK CROSS RATES A$ C{ W tw l« Mb *ptrt Yw Ww HI B Mh SStH Sir WT$ 8a* Hm4 US$ Austria* 0.916 5.487 0.588 5.156 30.343 56J96 0.788 7.772 2512 1.120 38.205 36J63 1.156 4J63 0.908 22.719 27.530 0.4M 0.661 CaM* 1091 5.987 0.641 5527
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  • Page 11 Advertisements
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  • 1544 12 S1C0M FUTURES Aug 18 NKlMni(IM|pikH) RSS1(S oats/kg) Clou VoMm Open MwMi Hjgk Lot Sttt (town) Interest Sap 03 166.50 Oct 03 184.75 Nov 03 183.75 OK 03 182.00 RSS 3 (US c««tsAq) Vol— Open Moot* Mfk Lot Sett (tonmi) Interest Sep 03 106.50 105.00 106.00 3300 3350 Oct 03
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  • WORLD news
    • 488 13 FRANKFURT Economic rebound will be fuelled by lower US interest rates, tax cuts Bloomberg THE Bundesbank said it is becoming more optimistic about a global economic recovery later this year, fuelled by lower interest rates and tax cuts in the US. "There have been
      Bloomberg  -  488 words
    • 386 13  -  But bond yields rise to 10-month high, casting a shadow From. Anthony Rowley in Tokyo THE Nikkei 225 stock average surged yesterday to close above 10,000 for the first time in a year as foreign investors continued to bet on
      AP  -  386 words
    • 228 13 Reuters [NEW YORK) Jack Grub man, former Salomon Smith Barney stock analyst, is getting US$5O,OOO a quarter for helping the Firm fight legal claims, and could be forgiven up to US$l5 million in loans. The Wall Street Journal reported yesterday.
      Reuters; BLOOMBERG  -  228 words
    • WORLDWatch
      • 82 13 Bloomberg [STANFORD, Connecticut] Sales of semiconductors will increase 11.2 per cent this year to US$l73 billion as demand for computers and electronic devices gains, research firm Gartner Inc said. Worldwide semiconductor revenue rose 1.4 per cent to US$l56 billion in 2002, it said. Increasing
        Bloomberg  -  82 words
      • 104 13 Bloomberg [ARMONK, New York] IBM Corp plans to fire 600 workers and furlough another 3,000 for one week at its money-losing chipmaking business to reduce costs. About 500 jobs at a plant near Burlington, Vermont, will be eliminated and 100 people at other
        Bloomberg  -  104 words
      • 62 13 Bloomberg (LONDON] Opec may reduce production this month to boost prices and make way for rising Iraqi output, an industry consultant said. The 10 Opec members who agree to restrain supply, all except Iraq, are likely to pump 25.8 million barrels a day, 180,000
        Bloomberg  -  62 words
      • 66 13 Reuters [SYDNEY] Investors will be able to buy gold-backed securities on the London Stock Exchange for the first time under a proposal being readied by the World Gold Council, Australia's Gold Bullion Ltd said yesterday. Gold Bullion chairman Graham Tuckwell said the World Gold Council
        Reuters  -  66 words
    • 214 13 NEW YORK Bloomberg VIVENDI Universal SA was expected yesterday to accept a second round of bids for its US entertainment unit. With the ranks of potential buyers thinning, the French company has said it may consider a joint venture or
      Bloomberg  -  214 words
    • 621 14 AMSTERDAM Sony Ericsson gains too, bnt overall growth slowed and inventories rose Reuters NOKIA and Sony Ericsson were the big winners of the global mobile phone industry in the second quarter, but overall growth slowed and inventories rose, a survey showed yesterday.
      Reuters; REUTERS  -  621 words
    • 149 14 SEOUL Bloomberg PROFITS at South Korean companies in the second quarter feU 36 per cent from a year ago, reflecting a slowing economy, the Korea Stock Exchange said. The aggregate net income of 526 local companies whose fiscal year ends in December fell
      Bloomberg  -  149 words
    • 202 14 TOKYO Bloomberg THE Japanese government will next month start assessing companies that are heavily indebted to major banks to ensure they are sticking to earlier commitments to improve their finances, the Mainichi newspaper reported. The Financial Services Agency may order banks to
      Bloomberg  -  202 words
    • 617 14 SAN FRANCISCO Reuters GROWTH in computer hardware and software sales is tepid, technology executives are hesitant to predict a recovery, and layoffs and a weak US dollar are about the only real drivers of profit growth. In other words, it's been a
      Reuters  -  617 words
    • 139 15 TORONTO Bloomberg ROYAL Bank of Canada, the country's largest financial group, may buy banks in Texas and the Florida cities of Tampa and St Petersburg, part of a plan to almost double its US branch network in three years. Royal Bank, which has about 250
      Bloomberg  -  139 words
    • 430 15 SYDNEY It's the 2nd potential bidder after ANZ to seek antitrust approval to buy NTs top lender, valued at USs4b Bloomberg WESTPAC Banking Corp, Australia's third-largest lender by assets, said it is in talks to buy Lloyds TSB Group pic's National
      Bloomberg  -  430 words
  • 4823 13 Transaction date: Aug 18 HONGKONG m hkrwi 20s 005 ***** HK5 '000 Hong Kong Electnc 30.40 010 3191 Hongkong Chinese 0.94 001 6900 Alpha General 026 -0.01 144 Hongkong Chinese Ltd ......0.94 001 6900 AnandaWtngOn 0.01 unch 0 Hopewell Holdings 860 005 3097 Angara New Steel H 2
    4,823 words

  • 2393 14 Transaction date:Aug 18 KUALA LUMPUR GanadCo* vx und, 82 v „l General Corp 0.54 0.01 118 m CflttH General Soil 1-26 unch 0 Gentmg 15 30 010 761 ASM Realty _..0.94 -0 01 26 George Her* _.0*7 OOI 14 Abnc 100 unch 47 5^ etr( Tech 55 ACP Industries
    2,393 words
  • 598 14 BONDS WARRANTS Proa Entry Tol Lad Vol Cmm Enr One fear- WB Cod* Sri* *m- Com Rate Wo UH 3698 AST1 W*****1 15 19 1 16 7 Ul 10 3697 Aona Ltd W*****6 15 unch 48 1 50 368 7.33 15 3602 Amte* W*****0 .92 6 178 1 33 136
    598 words
  • 704 14 Transaction date:A ug 18 aw oo»l i o— Mrantt til 0»0 ««B WM> DSI •ABU CK Ml <■ «0J0B OCBC 091 ll.«B AM tit IJM OUt u S3 >H*i OwtVmCmiai >W I OK »tw| H g< 040 0«B ««»I5 DlrDntt I Jt 4100 0040 030 VI* MOK rjnMMao& iji
    704 words

  • 6816 15 Transaction date: Aug 18 for live prices, log on to wwwxtsiamiemarketsforn S2-Wk Tel Lift Vol Day LM Quote GrOhr Dfcf GrVM Not MCjo HWi low Code Coipoiiy Solo COW Low H>« Softer Cw W W 5300 ABNAmroNLG56c 9 12 '"J 195 9 1500 ACE Dyrvamics20c 19 +1.5 168
    6,816 words
  • 74 15 tt-Wk Tal List Vol Day Lact Quota GrOfc CM* GrVM Nat MCap Wi» Law Ml Cgg Ml rOQOI gfe taw M» Cw W iJ 9600 89 6065 Damon* US8780xd 3750 2 700 6095 ISDJUSTech US3740 555 555 6097 ISMSOSpora US55S 8270 8200 6)01 ISS4PSO0 U***** 9650 8280 6170
    74 words
  • 1956 15 52-Wk Td La* Vd Day UMQMW SrtM* Ot» GrVM MM MCas W#i U» «ag W £gg "W» L M» Cm ftI M 24 7.S 5000 ABR Hldgs Sc 20.5 *0 5 615 20 5 20 20 20 5 39 5 as 15 2101 APOil5c US *5 5 5839
    1,956 words
  • 331 15 S2-M W UM M oar UMQmM fifOkr W* OtM M MCaa rn+ imm Cm** Cii»«) iata w- f—| Lew m*m S+m Cm HI 168 81 6000 AVJeonmgsA25t A157 unth 43 159 157 157 160 40 3.4 6.4 91 WJ 6001 Cathay Pac20c HK720 *5 21 7 4 6
    331 words
  • Page 15 Miscellaneous
    • 225 15 CRYPTIC CROSSWORD vorce proceedings (7) 1 1 I I 9 Three wise men not in line "JBl"""■■""Jm"""" 11 As used for writing down mu--26 Striking clothes last longer 27 Doesn't feel at all well (7) 28 Flower readily available to one m South Africa (7) 8 Puts something saucy? YESTERDAY'S
      225 words

  • FOCUS enterprise
    • 837 16  -  Singapore suffers from the problem of over-valuing obedience, EraMth Urn learns Kenneth Lim MOST entrepreneurs don't follow rules well, and Singapore must stop overvaluing obedience if it wants to foster an innovative society, says the newest president of the Asian-Pacific division of
      CHRIS LOH  -  837 words
    • 746 16  -  By Patrick Lambe ON Aug 12, The Business Times carried a story about a KM enthusiast, Darren Soo, who is trying to introduce a KM certification programme into Singapore from the US, despite the cautious response of "KM practitioners" here. The
      746 words
  • Page 16 Advertisements

  • SHIPPING TIMES
    • 284 17 Reuters THE Baltic Dry Index rose 7 points to 2343, the Baltic Capesize Index rose 28 points to 3293, the Baltic Panamax Index fell 8 points to 2217 and the Baltic Handymax Index rose 7 points to *****. TTME-GHARTIZR: Star Zulu (built 1986) *****8 dwt 13/12 on 40
      Reuters  -  284 words
    • 287 17 S6X '000 <—u a w- vol CWT Distribution .0 58 0.02 SOS ChuanHup -.0.44 0.01 81S8 CHOHshore 033 0.01 6100 Cosco Investment 0.46 0.03 ***** Freight Links .0.08 unch 1479 G8 Holdings 0.83 0.03 177 Jaya Holdings 0.49 0.01 4330 KeppelCorp 535 0.05 1418 K1 Venture 0.24 0
      287 words
    • 725 17  -  Malaysian police confident of making some headway in piracy attack case Ry\ George Joseph [SINGAPORE] Maritime organisations and shipowners are closely watching progress of Malaysian investigations into a case where a ransom was paid to secure the release of three crew members of
      AP  -  725 words
    • 313 17 OROUKDDfG OFF PAKISTAN AP [KARACHI, Pakistan] High tides and strong winds hampered crews trying to pump oU from a leaking tanker on Sunday, as dozens more workers began cleaning a beach polluted by oily sludge from the ship stranded off the
      AP  -  313 words
    • 233 17 Reuters [KARACHI] Pakistani port officials said they would fine a Greek shipping company whose tanker broke in two spilling thousands of tonnes of oil into the sea near the port city of Karachi. The Tasman Spirit, carrying 67,500 tonnes of crude, was grounded
      Reuters  -  233 words
    • 344 17 Reuters [SHANGHAI] The world's top maker of shipping containers, China International Marine Containers (CIMC), chalked up a 41 per cent surge in second-quar-ter earnings and predicted a brighter 2003 as the global economy improves. Earnings in the April to June quarter came
      Reuters  -  344 words
    • SHIPPING news
      • 679 18 Salvors find ship with cargo of gold coins at bottom of Atlantic Ocean off Georgia, US Reuters [MIAMI] The wreck of a 19th century paddle-wheel steamship that was carrying up to US$lBO million in gold coins may have been found on the bottom of the
        Reuters; AP; REUTERS  -  679 words
    • 111 18 page BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Oongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kyowa 5 KMTC
      111 words
    • 8458 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vltul Voyeqe Telephone ETA ETA Advertiser Vessel Voyeqe Telephone SIN Destn Name Name*■■*!*" u, ,r S,N D t, n Neme Neme Number Number To DURBAN (DUR) 2118 South Africa To ABIDJAN (ABJ) 2003 Cote D" I vol re 27/0* 07/09 HemburqSud CAP MATAPAN
      8,458 words
    • SHIPS IN PORT
      • 602 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL EVERISEGLORY DENNIS H J11 A/SIDE 19/08 1800 KIMTRANSAQUA 09/03 J13 A/SIDE 19/08 0015 MARCOPOLO 32 02/03J J3 A/SIDE 19/08 0630 ORIENTEGRACE 7 J5 A/SIDE 19/08 1500 SANDIDEWA14 133 J8 A/SIDE 19/08 0630 SANE 1 02/03 J7 A/SIDE 19/08 0630
        602 words
      • 2135 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX DAHLIA 0655 065S __1_ 2008/2003 1400 ********** 00 T04 ACX HIBISCUS 082N 082N 1 19/08/2003-08 00 19/08/2003 2300 T03 ACX MARIGOLD 003S 003S J *****003 1900 *****003-05 30 T04
        2,135 words
      • 137 23 Aug 24 UKingdom: Summer Holiday. An| 31 Malaysia: National Day. Philippines: Nat Heroes Day. Sep 1 Canada: Labour Day. U.S.: Labour Day. Sep 2 Vietnam: National Day. Sep 3 Vietnam: Nat day Hoi. Sep 11 Brazil: Independence Day. South Korea: Harvest Fest Day. Taiwan: Mid-Autumn Festival. Sep 12
        137 words
      • 813 23 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
        813 words
      • 475 23 180 Mai 991.7 0.6 15.4 0.08 69 0.04 ii u.. wat*r Bttkdu# AihAluminium Sfdinfflt No Jbov6 £25 1 0 2 *aJ2 222Z 380 Ave 986.3 0-2 W.3 0.04 23 0.01 .ZZ 380 Mai 992.6 0.4 17 J 0.09 56 0.05 tt/wi »»/V Wo above G35 3
        475 words
    • AIR & LAND transport
      • 498 24 Carrier cannot weather price war against any budget airline alone AFP [WELLINGTON] Air New Zealand's future is in doubt if a proposed alliance with Australian flag carrier Qantas does not go ahead, Air NZ chief executive Ralph Norris said yesterday. Mr
        AFP; FILE PHOTO  -  498 words
      • 673 24 corporate Airline may post Q2 loss of 340 m francs including reorganisation charges Bloomberg [ZURICH] Swiss International Air Lines, Switzerland's national carrier that's struggling to survive, must find an investor to boost funds eroded by the cost of cutting jobs and
        Bloomberg; BLOOMBERG NEWS  -  673 words
      • 313 24 They are mostly derived from non-operating income AFP [BOMBAY] Air India said its full year net profit soared almost nine-fold compared with 2002 despite the global aviation slowdown. The state-run international carrier said its net profit for the year to March surged to 1.33
        AFP  -  313 words
      • 1744 24 m a— m ww IHIrtl LH9770 2235 flfl IK Wi ?Wfl M *mt*r«M *1837 1455 G*974 0130 MUM 1 K1838 2255 wi ?w j vr« aa B uMi Mi— MM mil tacUirt £*405 0100 (M04 1520 taCMMMCXf ****** 1325 W742 0900 CMII 0215 EMM 2045 S0!T3
        1,744 words
  • Page 17 Advertisements
    • 36 17 Alliance with Qantas BACK PAGE Air India's profits soar BACKPAGE miss '&I$F P^l «,,> Hp9B| <* l < i •JW6SI K jOm! l'i^'^l j||l|9 I-' 4>^j£|§®|H f WW! >«jHI« Mi HWMML. p ***** coirttct* BtnnriO* *****146 JMWmi 6319 2ltt
      36 words

  • Page 18 Advertisements
    • 704 18 IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) vcsa vot igo sm wo vissa vot m stp m am m m prc OOQ AMERICA 70W31 M/M 24/ M 24/ M PtO MEDUOTD ADEUJOE 47N OMT 11/ M 13/ M 15/01 10/ M 24/
      704 words
    • 459 18 lines services represented by r,i *,Members of ibe Regislry of SintffKr* Spiffing Anocitfion |S ULY UNI MALE f MISSEL VOY ETA ETA ETA A f. KIANG SPORE MU Princess Uly 0803 25/08 27/08 05/09 Mold Corner 741 A 03/09 05/09 14/09 Empress Uly 0503 13/09 15/09 24/09 Mold Star 542
      459 words

  • Page 19 Advertisements
    • 1140 19 TO USA (SAX SUMO) VESSEI YOT Sim Ul Mi Mi HOB CHI COiMiM Ml NYC Aft mount nn 20/08 04/09 q>/09 09/09 09/09 09/09 w/w 09/09 12/09 12/09 Aft SWEDEN 009E 27/01 11/09 IS/09 16/09 16/09 16/09 14/09 14/09 19/09 If/Of Aft HOUAND 1191 03/09 18/09 22/09 33/09 23/09 23/09
      1,140 words
    • 2291 19 -VPtftAM OK SMVKI ROM smcapokkio buck sum port sw OMOAOKUW) 19 MVS RYCICVH (MftAMK) 20 04TS caauuKemMSMwratf: m oooobon n #17-00 saus/oms ie. mmms7/41 ml mjumi/m I < mmoiomi I iMflMQMloi mhmc rnCTAR (HIPPING PTi LTD vmtrmuim ourwumn/u mnsmi tmsns/zs I COWimiM (nmUU) 23 Din rSyimmiimJ WaMMWM—I 0*00(0/01 Mlos/44 47M5119/49
      2,291 words

  • Page 20 Advertisements
    • 441 20 KM ABI miAQ PHMHIMWOOIUHOfc >*****44 FAX: W«74M l-IXUt; iMwUftlw rnw.«9 BSSfI WELIYI#%O OOCUMCNTATONS/OMIUTIONS: MNNT MX: UMOIT7 MUMf CMMIUM IMB NU CMMMISBVK! 10 WST MM HUM ivtssa yot mumu wtrmAMC umvtt wu mum comamt 34SW 25/01 24/01 IMW 22/04 24/W 2S/W wjwdpUfaty 317W 01/09 02/W 17/W W/W 04/10 W/10 lliSftniL i\M
      441 words
    • 485 20 \>N\ WAN HAI LINES X TEL *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more detail*, caff HOTLINE: *****388/1800-*****00 vcstt wr sh no n i« ammm wnowt ASIAIXPOESS IMA SAIUD
      485 words
    • 599 20 BSA i>. MYANMA ■H FIVE STAR UNE (MfMMr NcttMMl Um) LMdhf for YwfM VBSa VOY SM PU PEN PGU PAGAN 30*W su HPA-AN JO7W SU IN MALAYSIA: MOUSTIAD SHIPPING AGCNCIES KUL 03-*****300 PKL 03-317*4101 PIN: 04-2****** BANK LINE (A Mrvia I NOtTHtOUNO IP EUROPE V CONUMBt, RORO, HUIK t KAVYUFTS
      599 words

  • Page 21 Advertisements
    • 1233 21 IVfSSIt VOY KHH HKO I SIN I PKI I PX» IMI I PMM iIK SIMA TOUBA PCL 1003 SKIP SKIP 20 /08 19/ OS 30 /08 31 /08 06 /0908 09 CAPf FMO PCL 8003 SKIP SKIP 24/08 25/08 02/09 03/09 09/09 11/09 IRAN ISFAHAN PCL 326 26/08 27/08 30/08
      1,233 words
    • 641 21 UK CONTINENT SERVICE Lc«bng for THOfi LOTUS RTM/ATW/BMNAJK/NAN Loads Singapore. EAV. Mataysa. Indonesia MIDDLE-EAST SERVICE Loading tor LOK LAJESHWARI ADN/HDD/JDH/AQA J. FRIEND DBI/ABU/DOH/BRN/DMM/KWT LOK PRATAP DBI/ABU/DOH/BRN/DMM/KWT FIVOS DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore. E7W Malaysia, Indonesia USA SERVICE Loadngtar PACIFIC EMBOLDEN •Loads E7W. Mataysa. Indonesia F.E./S.E.A. SERVICES S pore Loading lor PAN OASIS
      641 words
    • 882 21 vtssa m m esi jssso mi hcuku liisi h/m h/i» rttHmn mi um 19/43 PACOAMOA IIIZS >1 m WMU 1414 2141 2IM pacoampa 1011 »i/m nm rifMUi nu wm 2km M ]sm nm ?</w "<«*" hxm» UM nm ?S/M PMOAMOA 1071N M/M 24/ M pAtoAwoA i«w— 2// M n/of vtssa
      882 words


  • Page 23 Miscellaneous
    • 115 23 I FOR 7AM 19 Aug 2003 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots > Hazy -One solid
      115 words

  • Page 24 Advertisements
    • 133 24 If you are in the transhipment industry, 28 August 2003 could bring unprecedented opportunities. Through a special supplement, we can provide your business with a superb marketing platform, and help you reach over 97,000 professionals, businessmen, middle and senior level executives who are directly involved in the decision-making process. So
      133 words