The Business Times, 20 August 2003

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Total Pages: 26
1 26 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 024/03/2003 j int'irrou http.//business-times.asial .com.sg SINGAPORE WEDNESDAY, AUGUST 20, 2003 85C
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  • 848 1  -  Bat reforms are needed to narrow gap with low-cost competitors: economists By, Anna Teo [SINGAPORE] The economy is on the cusp of recovery, but it could well take some knocking in the quarters ahead as Singaporeans brace themselves for
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  • 793 1  -  Trend a major worry for workers in a sector that's enjoying growth By Siow Li Sen [SINGAPORE] The outsourcing trend pursued relentlessly by companies out to trim operating costs is becoming a serious worry for Singaporean workers. Like pre-emptive retrenchment, it is often embraced
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  • 435 1 Move will create 100 jobs at expense of staff in Singapore and HE Bloomberg [HONG KONG] Bank of America Corp, the thirdbiggest lender by market value, is opening an operations centre in Guangzhou by the end of the year, transferring jobs from Hong Kong
    Bloomberg  -  435 words
  • 74 1 Dsn 1,615.28 (-6.96) ST INDEX FUTURES 1,618.00 (unch) SIMSCI FUTURES 200.00 (-0.60) Monday Change KLSKCOMP ***** *3.23 MKKKI SSft 10.1741# 141 13 HAN(i SKN(i I0.509.2S 15.75 SKT NO -MM «r,43 JAKARTA (IMP _517 (6 *0.4Wi hahm cam A mm— MI TAII'KI WPI UttN 4«4 SHM'MDMP 740.13 10.03 SHKNZHKN B
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  • 92 1 FOREX RATES IIS$ 8$ I SS |SS per I SS| 1.74* V|l SS/SS per X) 1.585 1775 KI KO(l SS/SS/KI 1.1)19 1.942 YEN 119.5 Kh,*) KM :»Him 1170 H KS 7.799 4.454 BUT 41.65 £179 RIPIAH 8.478 4.841 KKNMINBI 8.299 47-19 INDIAN Rl PEE 45.84 *18 AS 1.528 0872
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  • Page 1 Advertisements
    • 6 1 Bukit Panjang Plaza withdrawn from tender
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    • 53 1 What the proposed CPF changes could mean if you earn $6,000 per month page 2 merger LOCK SIEW, Page 3 Logistics companies deliver millions of packages around the world with just one call. You rely on them. They rely on us. A 00? For office, home and mobile lines. **********1
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  • NEXT page
    • 474 2 What will the proposed CPF changes mean for individuals? Without knowing details of the cuts, we cant say with certainty. But by making assumptions, rfs possible to arrive at some general conclusions. First, we assumed that the CPF contribution rate will be cut to 30
      474 words
    • 420 2  -  Many have received fraudulent message seeking card details By Raju Chellam [SINGAPORE] A new Internet scam has been unearthed in which an e-mail, purportedly from Citibank, demands recipients furnish their credit card or bank ATM card numbers or risk having their accounts closed. The scam
      420 words
    • 315 2 N R Narayana Jtarthy is *Sj2SES Imdian industrialist [SINGAPORE] DBS Group Holdings Ltd has appointed leading Indian industrialist N R Narayana Murthy to its board, the fifth foreigner to become a director of Southeast Asia's largest bank. Mr Murthy is chairman of
      315 words
    • ON THE grapevine
      • 93 2 CHINESE centenarian Yeh Mei-fen took her oath of US citizenship last Sunday, a day after she turned 100 years old. It took all of 10 years for her family to help her learn enough American history and English to pass the citizenship test. Madam Yeh said
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      • 108 2 HONG Kong Chief Executive Tung Chee-hwa may not be the most loved person in the territory, but he is certainly popular with mainland tourists visiting the territory. From young to old, they braved the sweltering heat just to catch a glimpse of him or to shake
        108 words
    • 586 2  -  Report tells Japanese firms to reform or lose market share to competitors From Anthony Rowley in Tokyo A CONSUMER-SPENDING revolution is gaining ground across East Asia, according to a new major report by the Japan External Trade Organisation (Jetro), but officials here fear that
      586 words
  • Page 2 Advertisements
    • 99 2 P Since 1975 our worldwide sta'f ove--275 multi-disctplined professionals nc'udmg lawyers chartered accountants |JrjK 1 4 r narte r ed secretanes and banxers nave L. j p'ovided confidential and cost effective company formation :n all tne majo r low tax areas including Th© WOrld S Incorporation Fees from USSSOO Full
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  • SINGAPORE companies
    • 439 3  -  His latest open-market purchases include Jnrong Engg, UIC and BIL Int'l By Serena Ng TYCOON Oei Hong Leong appears to have joined the latest Singapore stock rally, snapping up over $10 million worth of stocks over the past two days
      Source: Bloomberg  -  439 words
    • COMPANYBriefs
      • 66 3 IPCO International has agreed with Brentwood Overseas to take a 35 per cent stake in Asia Plan Ltd for U5511.75 million. Asia Plan owns about 181 hectares of land designated for a proposed mixed development in Washington State in the US. Ipco's
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      • 61 3 Reuters SINGAPORE Airlines said yesterday it has established a $1 billion multi-currency medium term note programme but currently has no plans to issue notes. "SIA currently has no plans to issue notes under the programme," it said in a statement. SIA lost $6 million a
        Reuters  -  61 words
      • 31 3 mjD v aluei i ecnnoiogies yesieraay saiu u pians iu issue 23 million new shares at 10.46 cents apiece to corporate investors and private individuals.
        31 words
      • 59 3 BERGER International's net profit for the six months ended June 30 rose 160 per cent to $948,000. Revenues declined 11.4 per cent to $47.7 million as the group moved away from the contracting business back to its core business of making and supplying
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      • 47 3 RETAILER Isetan (Singapore) has slipped into the red, reporting a loss of $437,000 for the quarter ended June 30, down from a profit of $776,000 previously. Sales for the group fell 13 per cent to $55.6 million, leaving an operating loss of $807,000.
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      • 59 3 ROTARY Engineering's first half net gain was unchanged at $1 million despite a fall in turnover from $60 million to $48.7 million when compared with the first half 0f2002. The decline was due to fewer projects secured and executed because of a slowdown of
        59 words
      • 32 3 BONVESTS Holdmgs yesterday posted a 44 per cent slump in net profit for the six months ended June to $3.3 million. Turnover was flat at $101 million.
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      • 50 3 luw Keng Huat, a construction, property and hotel group, has been awarded a US$54 million construction contract for the Marina Towers Development in Beirut, Lebanon. Construction of the luxurious residential project in Beirut Central District is expected to be completed by the end 0f2005.
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    • 690 3  -  ven sreenivasan THE stock of shipping giant Neptune Orient Lines continued to power northwards yesterday amid speculation that the company could be merged with PSA Corp in what could be a backdoor listing for the port operator. NOL hit a new three-and-a-half year high
      690 words
    • 510 5  -  Cambodian casino will use proceeds for a hotel complex, working capital By Loh Hui Yin AN army of professionals was needed to vet the listing application of Cambodian casino NagaCorp which aims to raise more than US$5O million from its public offer
      ARTHUR LEE  -  510 words
    • 522 5  -  It's on track for a listing by 2006, probably in China By Loh Hui Yin THE Suzhou Industrial Park (SIP) is forecast to turn in a net profit of US$l3 million this year, putting it firmly on track for a listing by
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    • 485 5  -  By Serena Ng SESDAQ-LISTED Darco Water Technologies, whose 2002 net earnings were hurt by its aggressive expansion in the region over the past one year, expects its growth efforts to start paying off from the second half of this year. Chief executive
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    • 724 6  -  Rise in in vestment income and lower taxes offset fall in pre-tax profit By Kalpana Rashiwala ROBINSON Co has once again demonstrated why it is known as a blue-chip retailer. It yesterday posted a 9.3 per cent increase in fullyear group
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    • 361 6  -  Robinson, Straits Trading stakes may have risen from earlier levels By\ Siow Li Sen OCBC Bank's stakes in associates Robinson and Straits Trading could be higher than previously disclosed which means that divesting part of them to meet an official guideline will raise more
      361 words
    • 281 6  -  By' Vince Chong SESDAQ-LISTED metal and general logistics group GKE International hopes to ride on the opening of the Iraqi economy when it expands into Dubai, United Arab Emirates (UAE), in the third quarter. GKE posted $2.2 million in net
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    • 416 6  - Ellipsiz cute loss to 15.8m, hopes to find strategic partner By\ Serena Ng NICHE semiconductor player Ellipsiz yesterday narrowed its net loss for the year ended June to $15.8 million from $23.3 million, and said it hopes its search for a strategic partner will bear fruit in the next six
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  • Page 3 Advertisements

  • SINGAPORE markets
    • Article, Illustration
      326 4 OTHER SINGAPORE INDICES Aug 19 VALUE CLOSE STOOOS 855.00 +52.00 BTCAM -*****.00 -183.00 BT 10-day MA -*****.00 +85.00 M-SG Equities 438.46 -2.24 164.55 +0.16 SG Fta 1366.99 -14.47 SG EqritfcsProp ,395.20 -1.51 MWISlfpwi 199.65 -0.90 SMSCIFahn* 200.00 -0.60 Stocta W— DMX Tech US5c 78.*****0 Beyoncs 10c 53.534.000 Chart SemiCond 26c
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    • 867 4  -  AIMLMJUJfcWJ CURRENCIES larry wee THE recovery theme continued to dominate currency markets over the past week, with Europe hit hardest even as European bourses joined others at new 2003 highs. The bet is that the US economy is set to grow by a handsome 3.5
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    • 648 4  -  STOCKS ven sreenivasan AFTER an almost uninterrupted twoweek rally, the Singapore market took a well-deserved breather yesterday as players locked in their gains and reassessed their positions. But the day began with significant amount of situational activity, with interest focused primarily on
      648 words
  • 3014 4 UNIT TRUSTS FUNDS Cot Gioh?HnlreiTSwtT 084V Com Global UteMe Met Ed 0184/ os»/ Com Global Ham Ms M 0816/ SSSSSF i5S Com Global Telecom Ms Fd 0.4* SorEtfopeM Com Global rtoiec Inda Fdt" 0.314/ Com Global Energy War W 0J» Com Global Trarel Me« Fd 0.72/ 1363/ Com S pot*Bond
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  • Page 5 Advertisements
    • 84 5 Actual specifications and equipment may differ from model shown here. Malayan Motors 45 Leng Kee Road, Singapore *****3 Tel: 6378 2662 6378 2626 6378 2627 Opening Hours: Monday to Friday Bam 7pm Saturday Bam 6pm Sunday Public Holidays 10am 6pm Associate: PT. GRANDAUTO DINAMIKA Jl. Letjen S. Parman Kav HA
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  • Article, Illustration
    1029 6 Transaction date:Aug 19 nrrBKBAMMOOSS KATES as cs t— m mq» ym wm m m mh n» si —< mw Hmt mt AbMa 0.912 5.432 0590 SJ05 ***** 9Um 0.782 7.718 2.4*7 U22 37J46 36.085 LM6 4.7*3 OJM 22.4*4 272*2 040 0*59 Carta 109* 5.953 0.647 5595 32J*3 60.814 0.857
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  • Page 6 Advertisements
    • 129 6 Key Ingredients in Corporate Restructuring Legal Challenges Surrounding a Successful Corporate Restructuring Process Managing a Cross-Border Restructuring Process What You Should Know Legal Considerations of Management Buyouts (MBOs) Pricing considerations of MBOs Exit Strategies for MBOs Speakers from Haarmann Hemmelrath, Sidley Austin Brown Wood LLP, White Case LLP Chinese IPOs
      129 words

  • SINGAPORE news
    • 538 7  -  BTia'Miium Hiap Hoe group may have decided to hold on to asset with $150-sl6om asking price By Kalpana Rashiwala ARE they selling it or not? That is the question that confused mall investors are asking about Bukit Panjang Plaza, owned by listed Hiap Hoe
      FILE PHOTO  -  538 words
    • 252 7  -  By Vince Chong BUSINESSES want cost cuts in other areas in addition to the Central Provident Fund changes. In the first of seven sessions to garner feedback on Prime Minister Goh Chok Tong's National Day Rally speech last night, about
      252 words
    • 254 7  -  P4V 3 on the economy cpf By] Kalpana Rashiwala REFLECTING the strong surge in homes sales in the second quarter, the number of applications by Central Provident Fund members to withdraw their CPF savings to buy private homes and executive condos (ECs) during the
      254 words
    • 192 7 SINGAPORE and India are one step closer to their Comprehensive Economic Cooperative Agreement with the conclusion of the third round of negotiations. The negotiations, held in New Delhi from August 16-18, resulted in an in-prin-ciple agreement for the Sin-gapore-India Fund.
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  • 1618 7 SICOM FUTURES Aug 19 RUBBER Futures (Closing prices) RSS1 (S centsAg) Close Volume Opm Month Mlqjh Low Sett (tonnes) Interest Sep 03 185.50 Oct 03 183.00 No* 03 182.00 Ok 03 180.25 RSS3(UScMtsAq) Volume Open Montii High Low Sett (tonnes) Interest Sep 03 106.75 ***** 105.50 2500 2850 Oct
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  • EDITORIAL & opinion
    • 799 8  -  ■mTT3 1 bottom line OPINION leon hadar SO you've discovered that your toothpaste doesn't give you that great white smile that you feel you deserve? Well, you throw it into the waste basket and get a new brand of toothpaste. You're bored with
      799 words
    • 87 8 4 I think we did a good job. We just have to make sure we learn from this and then go through the scenario of what would have happened if the power had been out for a longer period of time, if it had started at a
      87 words
    • 632 8 EDITORIAL THE pressure on China to strengthen its currency, or at least to make it more flexible, has increased noticeably. But it is not entirely clear that China will acquiesce any time soon Nor is it clear that this is something which will
      632 words
    • 924 8  -  The dramatic fall in the average propensity to consume has left die economy without a dependable built-in stabiliser By Choy Keen Meng SINCE the Singapore economy went into recession two years ago, there have been calls from private sector economists and commentators alike for the
      FILE PHOTO  -  924 words
    • 708 8  -  By\ Paul Krugman NYT WE still don't know what started the chain reaction on Thursday. Whatever the initial cause, however, the current guess is that a local event turned into an epic blackout in the US because the transmission network has been neglected.
      NYT  -  708 words

  • Page 9 Advertisements
    • 2104 9 Ci I ROBINSON AND COMPANY, LIMITED (Incorporated in Singapore) The Directors are pleased to announce the unaudited results for the year ended 30 June 2003:- 6. GROUP borrowings The Group hod no borrowings (2002: nil). GROUP COMPANY 2003 2002 2003 2002 ♦/<-) $'000 $'000 $'000 $'000 X 7. CASH FLOW
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  • REGIONAL news
    • 564 10 KUALA LUMPUR Deal set to boost Commerce's total assets by 20% to RMl35b Reuters MALAYSIA'S second-larg-est lender, Commerce Asset Holdings, will unveil a takeover plan worth about RM4 billion (551.84 billion) for the unlisted finance and commercial banking arms of fourth-placed rival
      Reuters  -  564 words
    • 583 10 AFP Bloomberg THE Philippine peso slid to its lowest close on record amid trader concern about political instability after a military mutiny last month and a court's request to suspend the central bank governor. The currency also weakened after Philippine Senator
      AFP; Bloomberg  -  583 words
    • 195 10 Bloomberg [MUMBAI] HSBC Holdings pic, the world's second largest bank by market value, said it shed more than 15 per cent of staff at its Indian commercial banking unit last month to cut costs and boost efficiency. Some 514 staff out of the
      Bloomberg  -  195 words
    • 356 10 BEIJING China allows companies to keep all of their foreign exchange earnings Reuters CHINA took another step yesterday to ease the upward pressure on the yuan by letting local firms involved in international project contracting and labour services keep all foreign exchange earnings. Analysts
      Reuters  -  356 words
    • 453 10 HONGKONG Reuters THE Hong Kong government "will have to bite the bullet" and consider new revenue raising measures, including a possible sales tax, or its massive fiscal reserves risk being wiped out in four years, newspapers yesterday quoted new Financial Secretary
      Reuters  -  453 words
    • 440 10 KUALA LUMPUR AFP NO-FRILLS Malaysian carrier Air Asia yesterday launched the world's first SMS ticket reservation service with hopes of expanding its reach to 10 million mobile phone users. Chairman Pahamin Rajab said the move followed its success with its Internet ticketing service, which recorded
      AFP  -  440 words
  • Page 10 Advertisements
    • 548 10 Call toll-free 1800 289 8822 otkcsOsph^om^^^ NOTICE TO PERSONS CLAIMING TO BE CREDITORS OF INTENTION TO DECLARE DIVIDEND HIANG KIE PTE LTD (In Judicial Management) Take notice that a dividend is intended to be declared in the above matter If you have not filed a proof of debt (Form 77),
      548 words
    • 20 10 Lianhe Zaobao CUM I posedtyife I I integration of I I China and HKI I to S'pore I I I
      20 words
    • 117 10 If you are any of these: "messy" accounts arising from change of systems staff turnover inability to meet statutory reporting deadlines urgent need to submit financial statements to banks financial institutions need to reconstruct accounts from incomplete records need to extract financial information for a litigation need assistance in the
      117 words

  • Page 11 Advertisements
    • 505 11 [An American drink, a German car, a British bank, a Finnish phone... the perfect ingredients for profits. AXA Global2o Fund. Maximum Payout J Payout* i—income i upio2% Ytear 2 Income Up©3% Bonus Payout I J Year 3 Year 5 If no stock fals by 30% 12% Hil Wi TimSSIM Year
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  • WORLD news
    • 493 12 LATEST US INDICATORS But consumer sentiment faltered slightly early this month AP AFP Bloomberg Reuters [WASHINGTON] Housing construction in the US jumped in July to the highest level in more than 17 years as the red-hot housing market showed no signs
      AP; AFP; Bloomberg; Reuters  -  493 words
    • 609 12  -  He will also discuss the issue in Tokyo before China visit Fromi Anthony Rowley in Tokyo RAPIDLY rising international tensions over the exchange rate of the Chinese renminbi will move to centrestage early next month when US Treasury Secretary John Snow visits Beijing
      AFP  -  609 words
    • 292 12 ZURICH AFP THE inhabitants of four Swiss cities Zurich, Basel, Geneva and Lugano have the mightiest purchasing power in the world, according to a study published yesterday by Switzerland's biggest bank ÜBS. People living in the four cities, which
      AFP  -  292 words
    • WORLDWatch
      • 111 12 Reuters [BAGHDAD! A massive truck bomb ripped through the United Nations headquarters in Baghdad yesterday, killing at least 10 people and wounding scores, witnesses said. It may have been a suicide attack, a top US official said. There was no claim of responsibility. The
        Reuters  -  111 words
      • 92 12 Bloomberg [NEW YORK] New York City Comptroller William Thompson estimated the city's economy lost more than US$l billion in goods, services and salaries during the power failure that began on Thursday afternoon and lasted as much as 29 hours, a spokesman said. The
        Bloomberg  -  92 words
      • 85 12 Bloombere [PRINCETON] Palm Inc, the world's biggest maker erf hand-held computers, will change its name to bolster its brand after it completes a spin off of a software unit and purchases Handspring. The new name will be palm One Inc to convey to people the
        Bloombere  -  85 words
      • 79 12 Bloomberg [OCjUULJ OK\ VJIUUdi KsV 5 CUIIUI S IIUIUUIdICUUUIIg Man Won, the trading company's head of energy sales, as chief executive to run South Korea's biggest money-losing company while its debts are being reorganised. Hana Bank and other local creditors, who've taken control of
        Bloomberg  -  79 words
      • 87 12 Bloomberg [SYDNEY] Gold Bullion Ltd, whose shares are backed by gold bare kept in a London vault of HSBC Bank USA Inc, said it held talks with the World Gold Council about creating a new holding company. Gold Bullion Holdings would be two-thirds
        Bloomberg  -  87 words
      • 86 12 Bloomberg [NEW YORK] Toys R' Us Inc, the No 2 US toy retailer, said its second-quarter loss narrowed to US$ll million, after sales climbed at the company's Babies R' Us and Internet divisions. The shares climbed 7 per cent. The net loss
        Bloomberg  -  86 words
      • 59 12 Bloomberg [TOKYO] Eastman Kodak Co will move its global digital camera business to Japan to compete with Japanese manufacturers, such as Sony Corp and Canon, the Nihon Keizai reported. Kodak will this year transfer its design and development functions and next year relocate the
        Bloomberg  -  59 words
    • 361 13 LONDON Rivals in USs2.4b bidding battle are Canada's Brascan and Morgan Stanley Reuters US INVESTMENT bank Goldman Sachs is preparing to join a US$2.4 billion bidding battle for property company Canary Wharf Group, sources close to the talks said yesterday. Shares in the
      Reuters  -  361 words
    • 466 13 WASHINGTON It should point oat bad economic policies official Bloomberg THE International Monetary Fund needs to take a more active role pointing out nations' bad economic policies or risk becoming obsolete, even if it means triggering a crisis, said Ken Rogoff, outgoing chief economist
      Bloomberg  -  466 words
    • 244 13 Reuters [SYDNEY/SEOUL] A former foreign exchange trader at the Seoul branch of Australia's biggest bank has been charged with forging US$5O million worth of securities and using them to embezzle wealthy South Korean families, officials said yesterday. National Australia Bank Ltd said
      Reuters  -  244 words
    • Prudential in final talks to buy Hyundai money management arm
    • 380 14 Case concerns class-action lawsuit by 5m merchants in which Visa, MasterCard agreed to pay USs3b NYT [NEW YORK] After willingly working seven years without pay, the lawyers who negotiated a multibil-lion-dollar settlement with Visa and MasterCard on behalf of the nation's retailers on
      NYT  -  380 words
  • 4766 12 Transaction date: Aug 19 HONG KONG vol HKRMI JOO -005 4337 IMS W- DOB Hong Kong Electric 30.30 -010 8103 Hongkong Chinese 0.93 -0.01 9614 Alpha General 0.27 0.01 40 Hongkong Chmese Ltd 0.93 -001 9614 AnandaWingOn .0.01 unch 0 Hopewell Holdings .8.55 0.05 1219 Angang New Steel
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  • 2336 13 Transaction date:Aug 19 KUALA LUMPUR "SSf m COOOI General Soil 1.26 unch 0 Genting 15.10 -020 1066 aiu Rpattv 100 0 06 60 George Ker*— 0*9 0.02 36 AiM Realty 100 0 06 60 GtobrtrooKsTeth 5.55 0 .10 186 Abot i" Z GlomacBhd 2 33 004 1004 0 47
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  • 855 13 7Yansaction date: Aug 19 Swdi—« Ot O—a ttmkmmm m Omt O—» AtoeenSOc 0 39 0 995 -0015 Nj(M 50c 0J1 J. HO **100 EST OiM 4*20 -0060 OCBC 171 11 W0 -0 300 GmtaUnd 1.13 1370 -0010 OU€ 053 7.150 -0*50 Chart SemiCond 26c 098 1050 -0.020 Parkway H
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  • 578 13 BONDS WARRANTS N» Ml M Last Vol Com bar Okc Go- INK C— C—p—y Sate ««r- C808> hta N *38 AST1W*****1 9 1 42 1 16 16 2.39 10 1697 AcmaLtdW*****« 13 1 50 368 733 15 1602 Amtek W*****0 90 -2 103 1 33 1 1J6 22 3603 Armstrong
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  • Page 13 Miscellaneous
    • 230 13 CRYPTIC CROSSWORD 31 Going up when clubs are dosing (9) pear in them (9) Across: 1 Monsoon, 5 Recited, 15 Lessening beam at ten cycles 9 Maginot, 10 Tonsure, 11 Note- 9 paper, 12 Cafes, 13 Steps, 15 2 A Native American ruffian m 16 Unsatisfactory collectors of oid-timers 17
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  • 6837 14 Transaction date: Aug 19 for live prices, log on to uMW'jasuumemarketsjcom 52-INk Id Last Vol toy List Quote GrOw Dm GrYld Not MCao M»UoCm Qmrnmi Salo W- fOOW Urn Nyo S-or Cw P* toS 5300 ABNAmroNLG 56c 9 13M 19,5 9 1500 ACE Dynamics20c 18 5 -0.5 50
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  • 71 14 SM» M Lai M Day LMQnM GrfM* M» CrtM MM BSCas w>» t— Cata cint s* *t- mm I— —y S*l Cw HI Hik 9600 89 6065 O'dmomfc US8780id 3750 2 700 6095 ISDJUSTech US3740 555 555 6097 ISMSCISpore ***** 8270 8200 6101 ISS4P500 *****70 9650 8280 6170
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  • 1958 14 524* M IM M Day t1Q«H firtftr Mr GrVM MM HCap l— c«d» Ciim s*» w- rww NMi i— Cw m >J 24 75 5000 ABRHIdgsk 20 -0-5 441 21 20 20 20.5 316 38 15 2101 APOilk 35 5 *2 7685 38 33 35 5 36 21
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  • 343 14 U4M Tat Lad Vol Day UWQ—a Grt*» Ohr GrVM MM MCap >—■ L— Cada Ci«pii| Ma W- CMW 1—» >■>» Mar Cm Wi »J 168 *1 6000 AVtenranp/USc --At* *1 39 160 157 158 160 40 3.4 63 92 3401 (001 Cathay Px 20c HK720 265 21 7.4
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  • Page 14 Advertisements
    • 53 14 1 I f- L AudemarsPiguet L e maitre de Vhorlogerie depuis 1875 Regional Agent. Showroom i Service Centre: AUDEHARS PIGUET (SINGAPORE) PRIVATE LIMITED. THFHOIIRfI 501 Orchard Road #03-10/11 Nheeiock Place Singapore *****0. Tel: 6258 6678 Fa*: 6258 6676 1 lit IT\^IJIVVJI-/V^J I internet: Scotts S.C. Tel: 6235 6527 Raffles Hotel
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  • BT motoring
    • 713 15  -  Singapore's biggest distributor and retailer of tyres and rims will pump $7.5 million into a Bangkok plant reports SAMUEL EE SAMUEL EE STAMFORD Tyres, Singapore's biggest distributor and retailer of tyres and rims, will soon be making its own alloy wheels in
      ARTHUR LEE  -  713 words
    • 449 15  -  By Samuel Ee THE partnership between Stamford Tyres and the Singapore Institute of Manufacturing Technology was serendipitous, to say the least. It all happened one day when a SlMTech chief manager happened to be shopping for rims while changing his tyres at Stamford, said Roger Chang, Stamford
      449 words
  • Page 15 Advertisements
    • 185 15 IX/L AMA j« j n „4 nM i n Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... rtMkges& Tre ts /it* i* &i& I 1 Spring Court 1 I The Oldest M 8 Chinese ResUnmtnt in \y\Jr Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited
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    • 166 15 1 MERITUS MANDARIN SINGAPORE! f( k/C 'Unity ofJfove' M Three Words, Two Hearts, One Milestone 29 30 November2oo3 Pledge your love for each other amidst the grandeur of a Mass Wedding. Radiate in joy with the finest planned. The dream wedding gown, the best gastronomic W experiences, professional bridal make-up
      166 words
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  • EXECUTIVE money
    • 860 16  -  Families will have to scrutinise expenses as need for cash top-up for mortgages will eat into disposable income after CPF rate cuts, reports GENEVIEVE CUA GENEVIEVE CUA CUTS in the CPF contribution rates, coupled with an eventual lowering of the contribution ceiling, are expected to hit
      FILE PHOTO  -  860 words
    • 665 16  -  YOUR MONEY Three out of four Singapore banks fail in JIT'S mystery shopping genevieve cua THE Financial Advisers Act (FAA) has been in force since April, but have the standards of advice improved? When it comes to banks, the answer is a qualified no.
      665 words
    • 1055 16  -  INSIDgl..MJMU By\ Robert Halili DIRECTORS and substantial shareholders were very active in the five days to Aug 18, with a total of 98 transactions worth $67 million, up sharply from the previous week's totals of 52 trades worth $11.5 million. There was a sharp increase
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  • Page 16 Advertisements
    • 247 16 Our idea of tradition is anything but square. 4r Kt- x. m <>«» We're jazzing up a 632-year-old custom with eye-catching packaging, a brandnew taste, plus $25 giveaway F&B vouchers and a $3,000 lucky draw. Elegantly boxed in a hexagonal tower and totally lard- Try our limited-edition mooncakcs and win
      247 words

  • SHIPPING TIMES
    • 720 17 USsBB7m investment by P&O, Maersk, Cosco Pacific and Qingdao Port Company gives Shandong port a boost Reuters [QINGDAO] Fresh from securing nearly US$l billion in investment from some of the world's top shipping names, the largest port in the Chinese city
      Reuters; REUTERS  -  720 words
    • 276 17 Reuters THE Baltic Dry Index remained at 2343, the Baltic Capesize Index rose 8 points to 3301, the Baltic Panamax Index fell 10 points to 2207 and the Baltic Handymax Index rose 11 points to *****. Aquabreeze (built 2003) *****0 dwt 15 kts on 58 ndas delivery ex
      Reuters  -  276 words
    • 268 17 S6X *000 a w CWT Distribution. 0 57 -0.01 297 Oman Hup .0.44 unch 5504 CHOmhore 032 -OiH 3153 Coaco Investment .0.44 -0-02 ***** FreirfKLMB 0.08 unch 1217 UHoHngs ~0A2 -0.01 69 JayaHoldingi 0 48 -002 1636 Keppel Corp... —535 unch 928 K1 Venture 0J3 -0.01 4216 KcppHTcte
      268 words
    • 568 17 Extent of pollution, effect en fishing more severe: stndy AFP Bloomberg [MADRID] The damage caused by the oil slick from the Prestige tanker which sank off Spain last year is likely to exceed that of the Exxon Valdez disaster, according to a
      AFP; Bloomberg  -  568 words
    • 363 17  -  PSA offered a stake in project in proposal by Shanghai mayor By] Beth Jinks [SINGAPORE] Hong Kong's Modern Terminals and China Shipping Terminal Development (CSTD) have joined forces in a bid to invest in China's massive deepwater container port of Yangshan.
      363 words
    • 1029 18  -  STRAIT TALK -By\ David Hughes THERE were some contrasting messages being broadcast last week about the crisis in Liberia. Aid agencies were appealing for funds to allow them to bring speedy relief to the hundreds of thousands of people in desperate circumstances as a result
      REUTERS  -  1,029 words
    • 195 18 PAGE Avant 6 B'tang Mas 5 BSA. 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 Chahaya 6 China Shpg 5 Confer 6 CWT Globelink 4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines 4 Far Shpg 5 Foong
      195 words
    • 13428 23 THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voyage T**p«x>«» ETA ETA Atfvarttsar Vassal Voyaga Talaphona SIN DMt'n Nam* Nam* Number Number SIN DesTn Mm Name Number Number 26/08 06/09 ECL SITTWE 35 65******55 ■fc ABIDJAN (ABJ) 2003 Cot* DMvoire 31/06 07/09 BTL KRIPA 1M 65******22 27/06 01/M CMA CGM
      13,428 words
    • SHIPS IN PORT
      • 508 25 Vgwl Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL APOLLO 5 4 J5 A/SIDE 20/*****0 E LINK 1 4106 J4 A/SIDE 20/08 1000 GLADIATOR I 01/08 J15/16 A/SIDE 20/08 0800 KALIMANIS V076 J8 A/SIDE 20/08 2100 LABROY166 LSE06 J15 A/SIDE 20/08 0630 MARCOPO 3222 05/03J J3 A/SIDE 20/08
        508 words
      • 2017 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX DANUA 0655 0655 1 20/*****312:30 21/06/2003-02 00 B04 ACX MAMGOLD 003N 009N 1 23HBQ001-1S.H0 jjMM 00 AL ABDAU C248E C248E 1 *****003 2000 2406/*****600 ALAMJAYA 2 8858 8858 1
        2,017 words
      • 137 25 Aug 24 UKingdom: Summer Holiday. Am( 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. TViiuwn. Mid-Autumn Festival. Sep 12
        137 words
      • 785 25 THIS report, compiled by Cockett Ma rine 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
        785 words
      • 534 25 Carbon 180 Mu 991.7 0.6 15.4 0.06 69 0.04 Am M Density Hater Residue AshAlumintun Siilwmt No above E25 1 0 2 0 0 300 Ave 986.3 0.2 M.3 0.04 23 0.31 [(in 380 Mai 992.6 0.4 I7J 0.09 S6 0.05 M/wi %1ft %u/u %mm wt
        534 words
    • AIR & LAND transport
      • 568 26 It may in fact encourage carriers like Virgin Bine, regulator told AFP [WELLINGTON] Cost cutting by Air New Zealand was not enough to deter budget airlines and might in fact encourage carriers like Virgin Blue, the market regulating Commerce Commission was told
        AFP; BLOOMBERG NEWS  -  568 words
      • 474 26 British carrier says it's focussing on core business Reuters [ZURICH] British Airways said it is not actively seeking to invest in struggling Swiss International Air Lines, but continuing speculation about a larger rival buying Swiss kept its shares buoyant. The British flag
        Reuters  -  474 words
      • 208 26 Bloomberg [VIENNA] Austrian Airlines Group's passenger traffic rose 2.7 per cent, the first increase in five months, as people resumed flying after severe acute respiratory syndrome was contained. The passenger count on the group's scheduled flights fell 3.5 per cent from a year ago to
        Bloomberg  -  208 words
      • 378 26 Reuters [PARIS/AMSTERDAM] Air France is talking to KLM about a possible takeover that would create a European airline giant, a French newspaper reported yesterday. Financial daily L'Agefi quoted sources close to the talks saying France's plan to reduce its stake
        Reuters; FILE PHOTO  -  378 words
      • 141 26 AFP [TAIPEI) Taiwan's EVA Airways Corp. said it has set up a European cargo centre in Brussels, a destination for the carrier since 1997. EVA Air's cargo service network in Europe and the Middle East now involves 12 weekly freighter flights to London,
        AFP  -  141 words
      • 531 26  -  Passenger revenue up 18% while cargo sales increase 9% By I George Joseph [SINGAPORE] Despite a difficult year for the aviation industry, SriLankan Airlines has turned in a decent U556.26 million net profit. Group net profit was a creditable U5515.29 million, considering the difficult
        FILE PHOTO  -  531 words
      • 1791 26 m ni T fI sooa ms MMOt IH9771 1835 V" fVl WM MM 1*9762 OUt 6*972 M6 S023 0(05 *1838 2255 S025 0635 ***** 1230 SOB 0640 SO* 2345 $0325 1445 IA7J05 2250 6*975 0(55 LHTTt 1555 0F5 2250 nan u« ****** 1555 IH779 2305 —T
        1,791 words
  • Page 17 Advertisements
    • 258 17 Air NZ cost cutting won't deter budget airlines Bark Page SriLankan posts USSISm group profit Back Page BA 'not actively seeking' Swiss stake Bark Page Far Eastern Freight Conference (FEFC) Rat* Restoration, October 2003 At their meeting in Marseille on 17th July. FEFC Principals agreed that under the Business Plan
      258 words

  • Page 18 Advertisements
    • 815 18 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I ma. |*0T |W6 TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) RO KDUOVD HOUMM 1404 It/W WW IVW W/W IZ/0* IQ/Of 11/W 1W» VOT EU»| S5 5T~| 5T~] $ri I m m Nonumni 330s ww v/w I ivw iw» ww \m \i/w
      815 words
    • 452 18 lines services represented by Members of ihe Regisfry of .sass. ICgSf Aco«M L 9 h StngtyoreAsiocidion UIY UNE MALE MTRW VOY EU EU EU A MUK SfOtE jjU Princess Lily 0603 25/06 27/06 05/09 Moid Corner 741 A 03/09 05/09 14/09 Empress Lily 0503 13/09 15/09 24/09 Moid Star 542
      452 words

  • Page 19 Advertisements
    • 1265 19 TO EUROPE FROM EUROPE visa Ivor sw or roi mri ham orv sou m Ifwsa Iwr m mm m vm t» ail AMKAII 110W 21/00 10/W 12/0900/09 W6B—I JK2 ■otsoumoN 014W22/M v/m -mm MOW" hyi—won 3««/" 00/*s£ HnMMMGMCSS MSW2S/H 12/W 14/01 H/W 10/W MOUWMMNCI 0«05/01 07/01 09/» N/W»/N MUM) IOSMf
      1,265 words
    • 1904 19 "INUNONSUVKKFIOi SWtAPOftf TO BUCK VU mi Ulf OMSSA (VttMK) 19 DAYS KYCICYSK (VKKAHS) 20 DAYS GOBUIAGMR W SMGtfOtf NMMMBIIM) SMIS/KGS IE: MMSIS7/41 HUL 47MVM1/74 I rAMTAHni (MHIMUI aX time COSTIR SHimNfi m LIB swcAroet oom ovnw»w/u mnsmi uhsih/7s I IOHSTMTM (ROMiU) DWfi S«vii?l»lmSl TIL4IH ItN(MM) IWII/tl 44MS7M 471M311/41 I URtiiwimm
      1,904 words

  • Page 20 Advertisements
    • 764 20 MAC ENQOMWES/BOOKINO*; *****344 FAX: 63W7433 e-WUL: delmeeedelmee.com.se UCLIVIMO DOCUMCMTATKMMM)MIUTIONS: *****037 FAX: *****177 orass comum saran 10 somk/wst mu ypsa VOT HM |UMWO*|POiiniIOW|«ATAW IUMIVKIi ITMOUI MKMI IBM I UMi OMK IcOTOMOM jUCOS jDOMOU Soeto l«Wo l 341W 23/01 "OVW 12/0» It/M I If/W M/W 14/W li/oTlo/br M/ 10 21/W 22/W 2VW
      764 words
    • 1256 20 WAN HAI MVERNATIONAL PTE UD aNfclAMsnww* \AN\ WAN HAI LINES Y ■■nil I 111 l kI IV li I«K:niWMiU:MI)O!»ni:N2MHUNOMn V- n *7) B)WZ) Ml: ivmuniwrn: «l| D*MniU. ******7714/ Sflle *IM»7I)Sa«IMI*Hni|S»«7MM*;niJW/714M1 wtmm '"•'"■•'"■'l ■■;(Mnnnwi HI)ii«B/IWIW Bi mm -—pnr -JEr mm tt 55L -top ~wr- Kmnmiii mc hai mi wm nnm mi
      1,256 words
    • 569 20 BSA Ji. MYANMA FIVE STAR UNE "cz;r£r VBSa VOT SM Pll PEN POI PAGAN 304W SIO MPA-AN SO7W SU M MALAYSIA; OOUSTEAD SMPPHK AGENCIES KUt 03-*****)00 KL- 03-317M101 PBfc 04-*****02 BANK LINE (A sarvkt W kmkrm Wok $Mpph|) NORTHBOUND TO EUROpj~| V COtfOMBI RORO, HUU HUVYUFTS Vissa sm m mmg
      569 words

  • Page 21 Advertisements
    • 1170 21 Ivisso. VOY I KMH I HKO «N WCL PXI BAS PMM M~~\ SIMA TOCIiA Kl tool' SKIP SKIP 20 /OS 19/ OS 30/0S 31 /08 06/0908/0? CAM FMO KL SOO3 SKIP 24/08 (JKT) 27/08 28/ OS 07/09 OS/09 15/09 17/09 MAN ISFAHAN PCI 336 27/ OS 28/08 31/ OS 01/09
      1,170 words
    • 597 21 i Rrrrtl k UK CONTINENT SERVICE Loadngfor THOR LOTUS RTM/ATW/BMNAJK/NAN Loads Singapoce. E7W Matayaa. Indonem MIDDLE-EAST SERVICE Loading tor LOK LAJESHWARI ADN/HDO/JDH/AQA J. FRIEND D6l/ABU/DOH/BRN/DMM/KWT LOK PRATAP 081/ABU/DOH/BRN/DMM/KWT FIVOS DBI/ABU/DOH/BRN/DM M/KWT ■Loads Singapore. EVW Malaysia. Indonesia USA SERVICE Loading tor PACIFIC EMBOLDEN CAM/NFK/SAV/NOL •Loads E7W. Mataysa. Indonesa F.E./S.E.A. SERVICES S
      597 words
    • 1113 21 m m jsaa m tHUM* ***** 21/ M 22/ M -t&MU 1411 21m am wc*m mw a m 24/w at— nii liM 2kM Ihc iamda I ***** nm nm rtf suu lm mm facoamoa ***** J4/M M/Pf MCOMWI wu 3i/M ft/ft ntriMgn uzn um a/w j|C||g| 1073N 20/00 tjM eacoamoa
      1,113 words

  • Page 22 Advertisements
    • 553 22 nsasa iion 2*27/w ojm/m 0910/09 I TlttllßDtt lUN »30/U 05-07/ M IM 3/09 I 1168 SHAM IIM M 43/09 09-11/09 14-17/0* I IKB 51V 113 d 05-o*/09 11-14/09 1920/09 I IVISII^^voy^^SW^^^CAI^SWI MUM m Km 0W*709 14-15*9 I T)SISmN6 413 71 21/08 03-OVO9 IH 5/09 I DBM 114 31-01/ M 07
      553 words
    • 798 22 FREIGHT LINKS EXPRESS PTK,LTIh 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@singnet.com.sg LCL SERVICE TO CE>U. PHILIPPINES VESSEL APL QINGDAO V.013 ETA SIN 25/OS/2003 ETA CEBU 06/09/2003 Booking 6267# 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 PROJECT Or HEAVYLIFT CARGO (CONVENTIONAL RORO) P Lawrence Lim 6267 5555. H/P: 9749 1977 lawrencecaflesin
      798 words
    • 123 22 m l** FiTi Mr mrnm 1771s Wan m —mm- mm-tm' m eoum sm iTTs f r-»au m i rrm m \mL h£2E m j lIP 1 1 1 M/W 1 MDH 1 M/B Ml |l gjjf C» IMI WIOIJ 17/W SIM TSIOI7 2S/M WO |uwbti7« |a>wi |i» \mm \*m !mm
      123 words
    • 1136 22 I lib IPDZ LINES I Wjw CUSTOMS SSMCfc TO: W-4221-5594 HI: 02-4227-*l9O I I wmmmm munttiomioosmrmrnm t«*iiiMni-n I ■mkamms mv n/m one 3021 21/**s->mumk mo|?i/m awa mm 21/ M gH tMc conn nm fIM mua*si nn m/m asms mi 23/***mas9 rnijiym uummm na n/m rmmsut nam n,» «s/m mums nm
      1,136 words
    • 288 22 aBSMMII np Bingaii^^BaMyiwje BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI Ivcsa voT*g n*aw64f<» haumch IIOUUI OIIHW M2MP H/W/P SEA-PAC MANAGEMENT PH. LID. 70 Anson Rood *17-07/00 Apw Towar, Singopon *****S T«Mmmmc *370 0977 VH FocsMU: 627S 2309 TdMC «S ***** SWAC PKCT 8N lIAMFO, P#JL KOREA
      288 words



  • Page 25 Miscellaneous
    • 123 25 SREGIONALWEATHEF^^^^^^Sit«. V FOR 7AM 20 Aug Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds Rain One half flee he represents 5 knots Cloudy Day -One full fleche represents 10 knots Hazy One solid triangle represents 50
      123 words