The Business Times, 26 August 2003
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2003-08-26
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The Business Times
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Title Section17 2003-08-26 1 THE BUSINESS TIMES 85* MITA (P) 024J03/2008 SINGAPORE Interi ict htip://business-times.asial com sg TUESDAY, AUGUST 26. 200317 words
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Article, Illustration1035 2003-08-26 1 Ven Sreenivasan - nb Tech stocks soar by as much as 500%, while STI is up 20% so far this year By Ven Sreenivasan [SINGAPORE] If you had the courage to pile into Singapore stocks five months ago, you might just be planning your retirementSource: Bloomberg - 1,035 words
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Article75 2003-08-26 1 □sn 1,630.39 (-9.80) ST MDEX FUIURES 1,637.00 (+2.00) pi I—CI FUTURES mm T6I TO (-0.50) Monday Change KLSECOMP ***** 109 NIKKEI 225 *****.64 4.53 HANG SENG _10,***** +3.49 SET INDEX 529.53 -518 JAKARTA COMP _529.04 +0.09 MANILA COMP 1162.10 +16.76 TAIPEI WPI 5.686.85 +402:1 SEW L COMP 756.73 +10175 words
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Article77 2003-08-26 1 FOREX RATES US* S$ US$ (S$ per l'S$) 1.746 £(US$/S$ per 1575 1749 ElJRO(US$/S$/E). 1.089 1.902 YEN 1175 67 30 KM 3.800 1176 HKS 7.799 4.466 BAHT 41.37 23.69 Rl.'PLAH &437 4.832 RENMINBI 8199 4.752 INDIAN RUPEE 4550 26.29 AS 1.534 0.879 NZS 1.712 0.980 PRIME RATES SINGAPORE* 5.2577 words
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Article, Illustration744 2003-08-26 1 Beth Jinks - US aerospace giant wants to move more IP, training and BAD work here By Beth Jinks [SINGAPORE] US aero space giant Honeywell International expects to shift more of its intellectual property, training, research and development (R&D) and technology divisions to Singapore. Bob Johnson, president andARTHUR LEE - 744 words
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416 2003-08-26 1 Raju Chellam - Move to close older US, Europe plants would benefit operations here By Raju Chellam [SINGAPORE] Singapore could benefit from European semicon giant STMicroelectronics' move to shut its older semicon plants in Europe and the US and shift additional capacity and jobs to its416 words
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Advertisement108 2003-08-26 1 Market snaps 3-day winning streak, Pg 4 INSIDE COMPANIES SGX revamps to focus more on customers Pg3 PROPERTY HSBCs Bishopsgate bungalow site put up for sale Pg9 mi 8"887 81 *****4" jigfe, Are they Singapore's -J answer to the T r THREE TENORS? tc, jtfe' |L w k Friday s108 words
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NEXT page
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512 2003-08-26 2 Anna Teo - US import demand seen boosting it to in 2004 By Anna Teo [SINGAPORE] The Economist Intelligence Unit (EIU) has, for the second time in just over two months, cut its forecast of Singapore's 2003 GDP growth to just 1.1 per cent. This512 words
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ON THE grapevine
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Article130 2003-08-26 2 SHORT of flying naked and empty-handed, there's no sure way to breeze through airport security checkpoints these days. But never underestimate the free market. Shoe manufacturers, luggage companies and a planeload of entrepreneurs are pitching a bevy of new products aimed at minimising your chances130 words
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Article, Illustration482 2003-08-26 2 Main index falls 2.9%, but finance minister says market stable Bloomberg Reuters AFP [MUMBAI] Indian stocks plunged yesterday after deadly explosions rocked Mumbai, India's financial capital. At 6pm Singapore time, police said at least 40 people were killed while 125 were injured. The Mumbai StockBloomberg; Reuters; AFP; AP - 482 words
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Article39 2003-08-26 2 IN our report yesterday, "Accounting, healthcare, law weighing move", we said incorrectly that Ms Kala Anandarajah was a partner at law firm Allen Gledhill. She is a partner at law firm Rajah Tann. We apologise for the error.39 words
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Article58 2003-08-26 2 THE Singapore Government is shocked and saddened by the news of the bomb explosions in Mumbai resulting in the loss of many innocent lives. Singapore strongly condemns such acts of violence and terror. We extend our condolences to the Government of India and to the families of those58 words
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529 2003-08-26 2 It's top US varsity along with Harvard in US magazine's top 100 list AMERICA'S Best Colleges ranking by the US News World Report is out with Harvard and Princeton sharing the top spot in overall rankings for the best national universities. Other leading institutions529 words
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Advertisement49 2003-08-26 2 m mi m Th© WOrld S Incorporation Foes from USS500 Ft;// professional after sales service teSuing p'ovicfod. f-or a comphmentarv sonsu tnt<on. contact: Offshore r.ls Florence Nathan i- v inCompany and Tax Tel: (65) 6535 3382 Planning Fax: (65) 6535 3991 Specialists OCI3 VOlldWICle Pvhor Duofold Platinfam Plated /'-■-:"-y49 words
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Advertisement8 2003-08-26 2 Ba«k «took» hit by deadline extension, Pg 38 words
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SINGAPORE companies
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Article, Illustration517 2003-08-26 3 Serena Ng - It also appoints two new members to executive committee By Serena Ng THE Singapore Exchange (SGX) yesterday announced a new organisational structure and the appointment of two new members to its executive committee the latest in a series of high-lev-el changes since HsiehFILE PHOTO - 517 words
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648 2003-08-26 3 loh hui yin - hock I MM loh hui yin THE folks at SBI E2-Capital anticipated the problem when they launched the share application portal, ePublicOffer.com. The problem is actually a "happy" one, in that too many investors were trying to log on into the portal648 words
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432 2003-08-26 3 Kenneth Lim - Punters lose interest following Misstatement By Kenneth Lim BANK stocks fell yesterday as speculators took a breather after the Monetary Authority of Singapore (MAS) said it would give banks another two years, until July 2006, to divest their non-core assets. United Overseas Bank dropped432 words
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318 2003-08-26 3 Serena Ng - Byi Serena Ng LAWYERS for Startech Electronics' former CEO Saw Chee Keang have responded on his behalf to a civil suit brought against him by the company last month. According to documents obtained by BT, Foo Say Tun, of Wee, Tay Lim, last318 words
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620 2003-08-26 5 Serena Ng - It may reap net proceeds of at least $197 m from deal By Serena Ng MAINBOARD-LISTED Clipsal Industries has forged a strategic alliance with a substantial shareholder, Schneider Electric SA, in a deal which stands to reap at least $197 million in net620 words
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225 2003-08-26 5 DIVERSIFIED construction group PDC Corp, which over the weekend saw a new substantial shareholder come on board, yesterday posted an $11.2 million firsthalf net loss, from net profit of $1.9 million a year ago. The mainboard-listed company, formerly known as225 words
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351 2003-08-26 5 Loh Hui Yin - Company expects 2003 turnover, profitability to surpass last year's Bi Loh Hui Yin SHAREHOLDERS of sofa manufacturer HTL International have every reason to cheer. Not only did the mainboard-listed company turn in an impressive 12 per cent jump in its net profit for351 words
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Article, Illustration403 2003-08-26 5 Kenneth Lim - By Kenneth Lim RAFFLES La Salle chief executive Chew Hua Seng was all smiles yesterday, and it wasn't because of the champagne going around. The Sesdaq-listed design school reported a 52.6 per cent jump in net earnings to $5.4 million for the year endedARTHUR LEE - 403 words
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589 2003-08-26 6 Chip maker brushes mßi tJfc that IBM's woes conld hurt alliance Reuters LOSS-MAKING contract microchip maker Chartered Semiconductor Manufacturing Ltd has dismissed talk that recent production woes at US partner IBM could hurt their alliance. International Business Machines Corp has been experiencing lower-than-ex-pected usage atReuters - 589 words
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Article, Illustration439 2003-08-26 6 Iraq reconstruction also seen boosting its freight volumes Bloomberg NEPTUNE Orient Lines Ltd, Singapore's largest shipping line, plans to add container services to northern Chinese cities next year to tap increasing exports from Asia's fastest-growing economy. The world's seventhlargest operator of container shipsBloomberg; FILE PHOTO - 439 words
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COMPANYBriefs
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66 2003-08-26 6 Bloomberg DBS Thai Danu Bank said it may post its first annual loss since 2000 this year, because the Bank of Thailand ordered it to set aside more provisions for bad loans. It was asked by the central bank to book aboutBloomberg - 66 words
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55 2003-08-26 6 Reuters CITY Developments likely suffered a 38 per cent slide in second-quarter profit, battered by Sars and a weak local economy, analysts say. Three analysts polled by Reuters gave an average net profit forecast erf $21.9 million, against their estimate of $35.3 million earningsReuters - 55 words
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Article40 2003-08-26 6 RECENTLY-LISTED Sinomem Technology, an advanced membrane technology specialist, yesterday reported a 47 per cent increase in net attributable profit to $6.1 million for the first six months. Turnover rose 42 per cent to $17.6 million.40 words
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49 2003-08-26 6 HONG Kong-based toy maker Wah Shing International posted a wider HK$46 million (5510.3 million) net loss for the first half-year, from a loss of HK$B.6 million a year ago. This was despite a 78 per cent increase in revenue to HK5687.4 million.49 words
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Article41 2003-08-26 6 MALAYSIA-BASED financial software provider Axis Systems said full-year net profit rose 23 per cent to RMI6 million (Ss7.3m million). Turnover rose 26 per cent to RM24.4 million. Final dividend declared: 0.55 Singapore cent per share.41 words
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37 2003-08-26 6 CONSUMER electronics trader and distributor IT International's net profits rose 39.5 per cent to $4.1 million for the first quarter. Group turnover rose 14 .3 per cent to $167.6 million.37 words
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Article37 2003-08-26 6 MAGNECOMP International has returned to black for the first half, posting net profit of $8.9 million versus a net loss of $10.1 million previously. Turnover rose 36 per cent to $142 million.37 words
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35 2003-08-26 6 JUKEN Technology has appointed Wong Keng Yin as executive chairman and chief executive officer with immediate effect Following the above appointment, Mr Wong will cease to be managing director.35 words
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Article41 2003-08-26 6 PRECISION engineering group Armstrong Industrial Corporation rode on its fast-growing automotive and consumer electronics businesses to almost treble net earnings to $1.4 million for the first half. Turnover was up 9 per cent to $42.8 million.41 words
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Article27 2003-08-26 6 AIR OCEAN posted a 28 per cent first-quarter net profit to $1.07 million. Turnover rose 5.1 per cent to $76.8 million.27 words
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SINGAPORE markets
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Article, Illustration307 2003-08-26 4 OTHER SINGAPORE INDICES Aug 25 VALUE CLOSE WOW 456.00 -273.00 ITCMH -*****.00 -185.00 ITlNy—A -*****.00 +46.00 439.08 -4.27 165.11 -0.31 »r|l*lllWB 1394.51 -14.60 403.30 -5.66 HOSiipxiw 200.65 -1.91 swaum 201.70 -0.50 SwingMediaW*****3 30.264,000 Chart SemiCond 26c 28,701,000 SembCorplnd25c 27,055.000 GESIrrtlLld20c 23.921,000 Cosco Inv 20c 23,039,000 JELCo»p5c 21,427,000 SwingMedia US2.5c 20,533,000307 words
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Article, Illustration259 2003-08-26 4 Ven Sreenivasan - By Ven Sreenivasan THE stock of Singapore Post has proved resilient —even amid the market's retracement yesterday. The counter closed a cent up at 72.5 cents and enjoyed strong liquidity, with some 11.7 million units changing hands. While part of the259 words
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Article, Illustration689 2003-08-26 4 ven sreenivasan - b STOCKS ven sreenivasan THE Singapore market snapped a three-day winning streak yesterday following Friday's weak close on Wall Street. The weakness here also came ahead of the government's announcement of changes to Central Provident Fund contribution rules this week, and on the heels of689 words
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Article, Illustration573 2003-08-26 4 larry wee - b CURRENCIES Bat Singapore dollar's gains tempered by euro weakness larry wee THE reflation theme in currency markets continued to propel North Asian units yesterday, but euro weakness limited Singapore dollar gains. A less impressive showing by Wall Street on Friday alsoSource: Reuters - 573 words
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Article38 2003-08-26 4 UNIT TRUSTS FUNDS LEGEND Al print ara mdKabwaeacapt for b Mnggtt troad^ —i js I— HWc Low to IMun RWc ft Madum to tfcghßsk; "HigharllMcCapan-andad;* Mora subdMrian of units Altar ■MhMnwotunHsy itoJi jO. NA-Non Daating Day: Hoar PriocsSO.tls38 words
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Advertisement38 2003-08-26 5 i Piimltiag J I cool wM si r* I B|U« 456 Alexandra Road #15-00 I NOi BdWng Stngyraii *****2 H B AMift Tab 6222 0665 rax: 6224 8338 H lit Mfc hpagMNucNptantxom.sf W Web Site at WlWipi hdp7/www.l*K«pta«J*.ne.|p38 words
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Advertisement215 2003-08-26 5 Good Times Fly Save up on ANA Business Class when you fly ANAtefaTHaHmm "''feli r-<sESlsi SINGAPO^^^^^ fl f Hf/* I jb j y t -•>•« tmmmm Enjoy a tale of two cities with ANA's Asia Triangle Route—'Yorimichi'. f Htfk J Whafs more, Star Alliance members wiH benefit from mileage accrual.215 words
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Article, Illustration1036 2003-08-26 6 Taaaetton^aKAug2s AS CS >■> art IKS fti«» tw WW 1 O Nth N» SS —i Sir W> 9M *—< toUllll 090 5.408 0398 1083 29.96 54.9M 0.766 7.632 2-477 1116 ***** 36.120 108 4364 0.923 ***** 26.960 0.4W 0352 Cwtfa 1096 5.927 0356 1570 32.713 60.260 0J39 8.363 2.7141,036 words
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Advertisement229 2003-08-26 6 Streak y A T I Festival Concerts L L I /f\ I Esplanade Concert Hall Night l: Friday 29 August 2003, 7.30pm 2CS 31 Arc.i .sr. 2003 Handel: Trio Sonata no. 1 Oboe. I si'i.ax \ni: Violin and Basso Continuo I II IK \tre.s ox 1111 r. Vi Haydn: String229 words
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Advertisement188 2003-08-26 7 9H Great Eastern KJ Charity Golf Challenge A fund-raising event for Golden Care, a Great Eastern project for Community Chest. Guest-of-Honoun Mr Abdullah Tarmugi, Speaker of Parliament Game for charity! The love for golf can finally be put to good use at the Great Eastern Charity Golf Challenge. Some 144188 words
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FOCUS property
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810 2003-08-26 8 Kalpana Rashiwala - Lower rates will be in line with policy to keep costs here competitive, analysts tell gal p a Rashiwala Kalpana Rashiwala DEVELOPMENT charges (DC) payable for enhancing a site's use are likely to fall further come Sept 1, with the decline being810 words
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260 2003-08-26 8 Kalpana Rashiwala - It partners Bank of Ceylon in the two million sq ft development By] Kalpana Rashiwala FORMER Singapore Land chairman SP Tao's Shing Kwan Group, which was involved in the World Trade Center development in Colombo, has inked a deal for a US$l5O million260 words
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Advertisement824 2003-08-26 8 AMBER ROAD Residential Development Site For Sale rmm VfjMjfU Ctose to Chinese Swimming Club \A \frr-, Freehoici Ptotratio2.B control up to 36 storeys Y\ Land a PP fOx 22.791 sq ft Plus adjoining plots approx Tender closing on 17 September 2003 at 300 pm PHEiSSI^H SIEMENS CENTER 60 MACPHERSON ROAD824 words
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Advertisement160 2003-08-26 8 Bishopsgate Bungalow Land H* Potential to subdivide the land into 16 Good Tender closing on 25 September 2003 at 3pm HI ham 47 Scott and 11m Floor OokM town. StoOT»re22B2B I rlEMtalm W *65 6758 6776 Fa .€***** 6776 r 3PU Ltd <vents«sesaiwona aav wwt*te www flfrvxhttiy com Jigg" ssai160 words
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Advertisement167 2003-08-26 8 L. Credo Real Estate HP k -***** 6066 FORM 69(3) NOTICE OF INTENDED PREFERENTIAL PAYMENT Noma of Company FB Trodng W* Ud (In liquidation) Address of Registered Office c/o The Liquidator's Office Las* day (or receiving Proofs 23 September 2003 Nam* of liquidator Mr. Don M Ho, CM Address c/o167 words
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SINGAPORE news
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248 2003-08-26 9 Andrea Tan - EYE By Andrea Tan The consumer price index inched up 0.6 per cent in July over the preceding month, reversing the falls in the previous two months. All categories posted an increase in prices, according to data released by the248 words
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142 2003-08-26 9 THE poll of business leaders was carried out in preparation for the Asia Business Forecast forum, which will be held this Friday, said Strategic InteUigence Research (SIR) chief executive Anthony Venus. The forum, organised by SIR, aims to give participants insights into the economic142 words
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Article, Illustration476 2003-08-26 9 Kalpana Rashiwala - BTIsKMIIIHWri $82J>m asking price for *****2 sq ft parcel, which can yield 16 plots By Kalpana Rashiwala HONGKONG and Shanghai Banking Corporation has put up for sale the largest Good Class Bungalow (GCB) parcel to come on the market in recent times.476 words
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338 2003-08-26 9 Andrea Tan - By Andrea Tan ACTING Health Minister Khaw Boon Wan's latest proposal will make it easier for people to shop around and compare prices of routine medical procedures in line with the Health Ministry's action plan. "If the pricing system is wrong338 words
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454 2003-08-26 9 Kenneth Lim - By Kenneth Lim SINGAPORE'S business leaders and senior executives see mixed prospects for 2004, according to a recent poll. Conducted by Strategic Intelligence Research (SIR) early this month, the e-mail poll showed that most respondents are positive, although they generally think Singapore's454 words
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Advertisement191 2003-08-26 9 *y; All those in favor of a truly independent risk consulting and internal audit firm wictVl 3 ffe* f- <XJ II •> 5 1 f V Vv f 'ya i*.' Sly- K i*' j v O*» w* t- S *f v! sk 12 i- l{ i,..- -> vK fv S191 words
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Advertisement368 2003-08-26 9 0 INCOME Cooperative... A Better Life J 4 As a result of excellent business results in the first half 2003 NTUC Income policyholders can look forward to a restoration to their bonuses and a reduction in their motor insurance premium rates. Based on unaudited term view and expect to announce368 words
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EDITORIAL & opinion
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Article, Illustration862 2003-08-26 10 william pesek jr - OPINION JLraS^HH| B'MuniillGß william pesek jr Bloomberg IF YOITRE wondering why Uiai stocks are up 56 per cent this year —and whether they can rally further —events at Bank of Ayudhya pel may provide some clues. It's Thailand's best-performing bank stock this year, risingBloomberg - 862 words
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Article52 2003-08-26 10 'He lived as a criminal and died as a criminal, but I don't know why God allowed this to happen.' HaryetU Dumrd a mother, on convicted paedophile priest John J Geoghan, who was killed in prison. Her three sons and four nephews were alleged victims of the52 words
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574 2003-08-26 10 EDITORIAL IF THE recent surge in Asian stock markets is to be sustained, then Asian companies have to make a value proposition to global fund managers: Invest in us and we will pay healthy dividends. Yes, markets have risen sharply and signs are emerging that a574 words
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Article, Illustration1624 2003-08-26 10 Craig Torres - Frustrated investors are clamouring for the Fed to communicate a specified numerical inflation target unambiguously to the markets By Craig Torres Bloomberg UNITED States Federal Reserve policy makers want to create a little more inflation and that's driving the bond market crazy. By holding theBloomberg; REUTERS - 1,624 words
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264 2003-08-26 10 Ho Kiam Khiaw - MAIL bag Ho Kiam Khiaw Head Marketing Business Development Great Eastern Life WE refer to the article "Funds ad rules thrown to the winds" by Genevieve Cua (BT, Aug 16). Our Great Link advertisement was cited as an example of advertisements that did not264 words
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Article117 2003-08-26 10 Denis Distant Singapore - Denis Distant Singapore PREFERENCE shares of Goldtron are due to be compulsorily converted into ordinary shares after Nov 26 this year, but there seems to be uncertainty about when accrued dividends since 1998 and penalty interest due on these shares will be paid. To add117 words
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REGIONAL news
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NOTEBook
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64 2003-08-26 11 Reuters [KUALA LUMPUR] Malaysia will present a parliamentary bill in September to seek RM4.5 billion ringgit (Ss2.l billion) in supplementary 2003 budget, the national Bernama news agency said yesterday. It quoted Second Finance Minister Jamaludin Jarjis as saying late on Sunday that of theReuters - 64 words
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Article31 2003-08-26 11 AFP [HONG KONG] Financial authorities in China and Hong Kong yesterday signed a memorandum of understanding for the sharing of information and cooperation in banking supervision.—AFPAFP - 31 words
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50 2003-08-26 11 Reuters [HONG KONG] The number of Hong Kong tamrnes living in extreme poverty has increased, with nearly 196,000 households earning less than HK$4,OOO (SsB9s) a month in the second quarter this year. This is up 11 per cent from the same period last year.—ReutersReuters - 50 words
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45 2003-08-26 11 Reuters [HONG KONG] Hong Kong's insurance industry racked up total gross premiums of HK$ 12.68 billion (Ss2.B billion) from January to June, up 3.1 per cent from a year earlier, the Office of the Commissioner of Insurance said yesterday.—ReutersReuters - 45 words
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72 2003-08-26 11 Reuters AFP [BALI] Indonesian prosecutors yesterday asked a court to impose the death penalty on Bali bombings suspect Mukhlas, accused of having overall responsibility for the blasts that killed 202 people last October. Separately, Indonesian prosecutors said yesterday they have proved that Abu BakarReuters; AFP - 72 words
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384 2003-08-26 11 Eddie Toh - From Eddie Toh in Kuala Lumpur MALAYAN Banking the largest bank in Malaysia yesterday posted a stronger-than-expected final results, thanks partly to the sharp turnaround of its Singapore operations. Net earnings in its fourth quarter almost doubled to RM630.1 million (*****.4 million)384 words
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738 2003-08-26 11 KUALA LUMPUR Country Heists MD suggests creating Bamboo Network of perks THE Malaysian government can actively attract rich overseas Chinese to live and invest in the country by helping to establish a 'Bamboo Network' programme of incentives, Country Heights Holdings managing738 words
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Article, Illustration436 2003-08-26 11 MANILA It may negotiate deal with S'pore Power if it's the only party still interested Reuters THE Philippine government may be forced to negotiate a contract for the leasing of state-owned power transmission assets after a second attempt to bid them outReuters - 436 words
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265 2003-08-26 11 MANILA Bloomberg THE Philippines is investigating banks' currency trades to prevent speculation against the peso, which weakened to a record for a fourth straight trading day, according to Armando Suratos, acting central bank governor. The peso fell to 55.42 to the US dollar whenBloomberg - 265 words
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Article, Illustration716 2003-08-26 12 HONGKONG Property shares rising on hopes China trade pact will drive recovery Bloomberg LI Ka-shing's success in using discounts and promotions to sell more apartments in Hong Kong during a Sars epidemic that killed 298 suggests a six-year property slump isBloomberg; AFP - 716 words
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480 2003-08-26 12 BEIJING Increase in reserve requirements means it's keeping stable yuan policy Reuters CHINA'S weekend move to tighten bank credit to stave off an overheating of the economy should have muted impact on the yuan, which major trade partners say should be allowed toReuters - 480 words
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Article268 2003-08-26 12 BEIJING Amount is 50% more than previously targeted Bloomberg CHINA Life Insurance Co, China's biggest life insurer, plans to raise as much as US$3 billion in an initial share sale, 50 per cent more than earlier targeted, as it competes to be the firstBloomberg - 268 words
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Advertisement124 2003-08-26 11 ITr i j. j j A Diners Club Credit Card Where to wine, dine and entertain... The Best Of Teochew Porridge At The River Terrace I Be Porridge Sawy and eet your way to a healthy lifestyle! Have Porridge either imy. with or without chunks of Sweet Potatoes In H124 words
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Advertisement59 2003-08-26 11 1 modish Indian dining E Savour authentic Indian cuisine by the Waterfront. Gourmet Set Lunch 12 noon to 2.30pm Ss2o per person Dinner 6.00pm tl.OOpm Vegetarian/nonvegetarian I menus available Make your dining reservations with us at: Tel: (65) 6345 4466 Fax: (65) 6344 5344 UnM 01-04 Stadium Waterfront Singapore Indoor59 words
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Advertisement118 2003-08-26 11 Your annual mooncake festival celebration isn't complete without the delectable mooncakes from SI Chuaiji Dou Hua Restaurant at Plaza Parkroyal and Top of UOB Plaza. Prices start from $28 a box of Golden Mooncake to $32 for a box of Lotus Seed Double Yolk Mooncake. Bulk purchase discount available from118 words
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Advertisement58 2003-08-26 11 CORNERSTONE France Red or White 75cl 1 BOTTLE FOR $18.00 3 BOTTLES FOR $50.00 12 BOTTLES FOR $192.00 FREE DELIVERY FOR 12 BOTTLES 25 AUGUST to 29 AUGUST 2003 *A+ Hitachi Tower. #01-17. Tel 6532 3397 'Change ANey. Cart Section HP: 900 99 200 Chris Free Tasting Everyday r]£?\ Winep»ud58 words
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Advertisement75 2003-08-26 11 Spring Court The Oldest I < Sb^J^ t £^7f29. Sptdal PEKING DUCK J fc«w|iiwMi„W«h wfcrrflSl*—*■ ~l MERI TU S MANDARIN SINGAPORir Absolutely Chic! ft l A Fashion Rendezvous \~J not to be missed! Wv The latest styles I complemented with I beauty products and H accessories of the season. WT75 words
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Article1462 2003-08-26 12 *****1HJTURB8 Aug 25 BIH IXWW UtoMplm) KSS1(ScMtiA0 Close Votoao OpM Mortfc 1— Kit (to—k) Merest Sap 03 W7.00 Oct 03 185.00 Nov 03 184.00 0K 03 «L25 RSS 3 0B carts/kg) VotaM OpM Hoatfe M|h Lot Sett (town) Merest Sep 03 106.00 105.50 106.00 400 2300 Oct 03 *****1,462 words
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WORLD news
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570 2003-08-26 13 LATEST US DATA 121% jump is median sales price biggest gain in afanest 23 years Bloomberg [WASHINGTON] US sales of previously owned homes rose to a record in July, fuelled by interest rates that stayed close to historic lows, anBloomberg - 570 words
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572 2003-08-26 13 GENEVA ChmajmnpstMth spot with USs44Bb frwi 17th in 1990 Reuters CHINA and Brazil emerged as the two most attractive developing countries for foreign direct investment (FDD as integration of the global economy boomed between 1980 and 2002, the United Nations reportedReuters - 572 words
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266 2003-08-26 13 PRINCETON Bloomberg WORLDCOM Inc plans to scrap stock-option grants for employees to reduce the potential for conflicts of interest after it emerges from the largest US bankruptcy case, people familiar with the matter said. The Ashburn, Virginiabased company will replace options with sharesBloomberg - 266 words
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WORLDWatch
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107 2003-08-26 13 Bloomberg [WASHINGTON] US Treasury Secretary John Snow, Commerce Secretary Donald Evans and other economic advisers want President George W Bush to roll back tariffs he imposed on US$3 billion in steel imports, people familiar with the matter said yesterday. Mr Bush's economic team willBloomberg - 107 words
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Article71 2003-08-26 13 Reuters [SEOUL] South Korea said yesterday it would use about 70 per cent of a 4.5 trillion won (516.7 billion) extra budget in the third quarter to boost the economy, which had been losing steam because of faltering consumption and investment South Korea'sReuters - 71 words
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Article, Illustration75 2003-08-26 13 Reuters [SEOUL] A strike by thousands of South Korean truck drivers hit freight flows at the country's main ports, such as Busan (above), yesterday, costing US$33B million in delayed shipments and affecting top exporters such as Samsung Electronics. About 30,000 drivers stopped work for aReuters - 75 words
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Article120 2003-08-26 13 AP [TOKYO] Bolstered by a lack of popular challengers, Prime Minister Junichiro Koizumi's support ratings rose in a poll released yesterday, strengthening his chances of re-election as head of Japan's ruling party next month. The poll results, however, came amid indications a well-known former foreignAP - 120 words
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82 2003-08-26 13 Reuters [TOKYO] Canon Inc, Japan's largest office equipment maker, said yesterday it plans to invest around 100 billion yen (SSI.S billion) by March 2006t0 win the top spot in the world market for chip-making devices. The company will focus on developing and commercialising next-generation steppers, machinesReuters - 82 words
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400 2003-08-26 14 TOKYO Acquisitions likely in technology, telecoms, media sectors: US fond Reuters US investment fund Ripplewood Holdings, which last week sealed an eye-opening US$2.2 billion acquisition in Japan, said it would target two or three more buy-outs in the nation's technology, telecoms and media sectorsReuters - 400 words
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Article, Illustration105 2003-08-26 14 (LONDON] The head of Manuscripts at the British Library, Christopher Wright, is holding part of a rare notebook belonging to Leonardo da Vinci while a digital version of the same pages of the notebook, available on the internet, are projected behind, in the British Library inAP - 105 words
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351 2003-08-26 14 WASHINGTON Reuters MORE big US companies prohibited discrimination based on sexual orientation and adopted other gay and lesbian-friendly policies during the past year, according to a gay rights' group survey released yesterday. The Human Rights Campaign said 21 companies nearly double the number fromReuters - 351 words
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309 2003-08-26 14 LONDON It may pick two or three bidders at today's board meeting, say sources Bloomberg VIVENDI Universal SA, trying to sell its US entertainment assets for US$l4 billion to cut debt that almost drove it into default, may narrow the list ofBloomberg - 309 words
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Article, Illustration329 2003-08-26 15 Vendors like Dell benefit from island's lower-cost manufacturing Bloomberg [TAIPEI] Dell Inc and other rivals to HewlettPackard Co, the world's biggest personal computer maker, will probably keep cutting prices, taking advantage of lower-cost manufacturing by Taiwan companies, suppliers said. The island,Bloomberg - 329 words
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Article654 2003-08-26 14 Transaction date:Aug 25 «tax Mt MB ua» MOM* Sk Ml UH OK Ml MM -MM OOC Ml l)« -OMB Ojeund ttl <■ MM OUI Mi MM i» OimMMK OJi lfll «M H> M7 MM 4A 0*0»>Mi IJB UN «MM TMB -40D MMnS 1.* 0l»» 401* JWu 1* <JM 4I«654 words
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Article543 2003-08-26 14 BONDS WARRANTS W Lact Va< Cam Eam *Mk (w-% Cat* Cwpi fate ■xr- Ml» Met h| UH 3696 A5TIW*****1 10 I 55 1 16 11 2-35 10 *97 AonaLtdW*****6 1 1 50 386 10.50 15 3602 Amtefc W*****0 52 1 25* 1 33 156 22 *03 Armstrong W*****0 75 -0.5543 words
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Page 14 Miscellaneous
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Miscellaneous192 2003-08-26 14 CRYPTIC CROSSWORD incoherent with Wine 23 Player giving lead on pilch 31 Sent her. from the sound it, to the core of the operation (6) trepreneur? (5) Across: 1 View 3 Matchmaker DOWN 16 Boards a coach (5) 8 School 9 Appealed 10 Minced 10 He wants to raise the192 words
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Article13 2003-08-26 15 Transaction date: Aug 25 for live prices, log on to wwwxisiaonemarkets£om13 words
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Article69 2003-08-26 15 524* M IM <M M| L1Q—i MM> Dto SrYM MM KM MtW- nw I— t— I— Wfcr <V H W ti 9600 >9 6065 Damon* US8780 3750 2700 6095 ISDJUSTcdl US3740 5H 555 6097 IS MSG Spore U5555 8270 8200 6101 ISS4H00 US8270 9650 82S0 6170 SPORS *****5069 words
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Article1765 2003-08-26 15 SMt M Lai M Day Uwqti ttMr Mr GrtM M MCa WU.M. Ca—» I* 4 (1 *T IwlwrM. %Q» P« >3 24 75 SO® ABRHIdgsSc 19 -1 305 195 19 »5 Hi *7 11 15 2101 APCMSc 34 -05 942 34.5 33 5 34 34 5 21 N2.61,765 words
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Article263 2003-08-26 15 SM* M lat VW tay LatQM*! Sfttr firTM MM MO* ImTlL C»«. C—■> SM. W- C— f-wrMfcr CM W 13 1H II HOO AVJtmngiAKc A15» «2 W1 159 15« MO 40 M U 93 3422 tool CjtfwyP»c20c .HK720 *5 2-1 7.4 COO Cheung KonglSOc MK1700 240 *3 S.7263 words
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Page 15 Advertisements
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Advertisement89 2003-08-26 15 BlancpaiN MANUFACTURE DE HAUTE HORLOGERIE t(AVk Q+^L^^-OJLP <j O-j Fn«c» Fail Ow** Cortina watch (iff.!.-- Tgaif'ML Raffles City #01-36 Tel: 6339 9185 VMY c x ff» Millenia Walk #01-62/65 A Tel: 6339 1728 The world s thinnest and only \W/ V S^RVW nlnTvwi selfwinding Touihilkxi with ooe week power reserve.89 words
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FOCUS enterprise
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Article, Illustration921 2003-08-26 16 Daniel Buenas - S'pore govt gets top marks for its policies but poll finds that opportunities for starting a business here are declining, reports Daniel Bnanas Daniel Buenas SINGAPORE business leaders and government officials rank the government's programme for promoting entrepreneurship as the most effective worldwide, according to the latest reportFILE PHOTO - 921 words
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Article, Illustration1432 2003-08-26 16 Street UK lends to entrepreneurs in Britain's poorest neighbourhoods who are often shunned by banks Bloomberg ABUL Bashar, a Bangladeshi-born street trader in London's East End, got a £9,000 (5524,735) loan in July from Street UK Ltd to expand his range ofBloomberg; BLOOMBERG - 1,432 words
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Page 16 Advertisements
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Advertisement485 2003-08-26 16 >^n ASTI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of ASTI HOLDINGS LIMITED (the "Company") will be convened and held at Blk 25 Kallang Avenue, #06-01 Kallang Basin Industrial Estate, Singapore *****6 on 12 September485 words
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SHIPPING TIMES
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Article262 2003-08-26 17 Reuters THE Baltic Dry Index fell 8 points to 2314, the Baltic Cape&ize Index fell 8 points to 3288, the Baltic Panamax Index fell 19 points to 2126 and the Baltic Handymax Index rose 12 points to *****. Sea Azalea (built 1999) *****9 dwt delivery Far East February/MarchReuters - 262 words
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Article, Illustration526 2003-08-26 17 Beth Jinks - Transport minister cantions against unnecessary competition By Beth Jinks [SINGAPORE] Malaysia's government has discouraged intense competition between its own terminal operators and has committed to fund upgrades at the country's smaller ports after concerns were raised that they would be overlooked inTHE STAR - 526 words
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Article257 2003-08-26 17 SGX *000 «—g ss w- Vd CWT Distribution 057 -002 97 ChuanHin mti 4882 CM Offshore _flJ1 -OjOI 1098 Coko Investment 045 0.01 ***** FreM links OM 0.01 512 G8flokjng». .0.76 -0.01 25 KmtCoip- 5.15 undh 1299 K1 Venture 0.23 unth 2484 KeppelTeie 0J6 -0.02 194 labroy Marine257 words
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Article, Illustration524 2003-08-26 17 Growing interest follows USsBB7m injection by three shipping giants Oana-Xinhua [BEIJING] Following huge capital injections by three world shipping giants into China's Qingdao port, the dream of this northern harbour to become a top global port may not be tooOana-Xinhua; AP - 524 words
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252 2003-08-26 17 Ship Ocean Monarch was on North Sea cruise AFP [OLDENBURG, Germany] Two passengers on a North Sea cruise ship have contracted the highly infectious Legionnaires' disease, German health authorities said. One of the patients, a German, came down with an apparent flu duringAFP - 252 words
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333 2003-08-26 17 EU plan to replace single-hull tankers spurring demand Bloomberg [OSLO] Shipbuilders may be able to raise prices as demand grows for tankers, natural gas carriers and container ships, Oslo-based shipbroker Fearnleys said. "The few 2006 deliveries not already booked or reservedBloomberg - 333 words
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Article, Illustration197 2003-08-26 17 GROUNDING OFF PAKISTAN AP [KARACHI, Pakistan] Crews on Sunday restarted siphoning oil from a damaged tanker that became stranded in the Arabian Sea near the southern port city of Karachi about a month ago, officials said. High winds stopped the work last Thursday, butAP - 197 words
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SHIPPING news
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Article, Illustration685 2003-08-26 18 Single-hulled ULCC Sea Giant lias less than two years of trading left Bloomberg [OSLO] Norwegian shipping magnate John Fredriksen may have sold the world's second-biggest oil tanker, the Sea Giant, to demolition for scrap steel, a shipbroker said. Almost threeBloomberg - 685 words
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Article, Illustration93 2003-08-26 18 Reuters [NIIGATA, Japan] North Koreanferry Mangyongbong-92 is assisted by a support boat to anchor at Niigata port, northern Japan, yesterday while a Japan Coast Guard patrol vessel (top) anchors near by. Japan began inspecting the 9,672-tonne passenger-cargo vessel ferry suspected of smuggling weapons partsReuters - 93 words
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SHIPS IN PORT
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Article534 2003-08-26 23 Vwd Voy Mo Berth Airival Departure JURONG PORT/MULTI-PURPOSE TERMINAL IRAN TAKHTI PJL1575 J15 A/SIDE 26/08 0500 JUMBO CHALLE 142 J10 A/SIDE 26/08 0800 MARC0P*****8 02/03J J3 A/SIDE 26/08 0630 NUSA JAYA 06/03J J2 A/SIDE 26/08 0630 BATAM MURNI JB802A J5 26/08 1000 26/08 2300 BAYSWATER118 E3195 J3 26/08534 words
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Article130 2003-08-26 23 Aug 31 Malaysia: National Day. Philippines: Nat Heroes Day. Sap 1 Canada: Labour Day. U.S.: Labour Day. 8tp2 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 Hong Kong: Day after Mid-Au tumn.130 words
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Article390 2003-08-26 23 Caitoa 00 Max 994 8 03 15.4 WIT 31 0.06 Am 21 DwHitv Wattr RmUm IUUIwWm SiAMt No AboM E2S 2 0 2 =2 380 A«* 966.7 0J 14.0 035 27 0.01 380 MAX 9923 8.6 T7.4 0.10 78 036 M/in »m/m —0* Wo AbOM 635390 words
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Article826 2003-08-26 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 averagesized stem. Market movements are indicated The Cockett Bunker Price Index change and the individual826 words
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AIR & LAND transport
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Article, Illustration699 2003-08-26 24 Analysts expect carrier to report Q1 loss, but demand is recovering Bloomberg [PARIS] The worst is over for Air France and chief Air France chief executive Jean-Cyril Spinetta is counting on a recovery in demand for air travel and growthBloomberg; AFP - 699 words
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234 2003-08-26 24 Passenger traffic also down due to Sars Bloomberg [SHANGHAI] Shanghai International Airport Co, which owns two of China's biggest air terminals, said first-half profit fell 22 per cent as fewer people traveled because of Sars. Net income fell to 242.8 million yuan (5550.9 million),Bloomberg - 234 words
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151 2003-08-26 24 AFP [ZURICH] A Swiss airline has admitted that inaccurate navigation maps were being supplied to its pilots, but insisted that passenger safety was not compromised. "Pilots have computers on board for navigation and they can call air traffic control," said Dominik Werner, spokesman forAFP - 151 words
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LOGBook
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91 2003-08-26 24 Reuters [SYDNEY] Australian flag carrier Qantas Airways was considering selling its domestic passenger terminals in Sydney and Melbourne as a way to ftind fleet investment, the Australian Financial Review said yesterday. The sale couki raise about Assoo million (***** million), the daily financial newspaper said.Reuters - 91 words
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82 2003-08-26 24 Reuters [DOHA] Qatar Airways said it would start flying to Iraq's southern city of Basra from Saturday. The airline said in a statement it would initially operate one flight a week from Doha to Iraq's second largest city on Saturdays. "This is an importantReuters - 82 words
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102 2003-08-26 24 AFP [ADDIS ABABA] Ethiopia has reviewed its air transport laws to allow private airlines into the cargo business, according to documents cm Sunday. The documents said parliament last week amended the Privatisation of Air Transport (PAT) law, allowing the private companies to engage in airAFP - 102 words
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97 2003-08-26 24 Reuters [ZURICH] Swiss airport operator Unique (Flughafen Zurich AG) posted yesterday a first-half profit of 0.7 million Swiss francs (5J864.920) after a loss of 1.8 million francs in the year-ago period. Turnover rose 4.1 per cent to 258.1 million Swiss francs while earnings beforeReuters - 97 words
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Article304 2003-08-26 24 AJRUNF COOCS AA Awnor Artm (ML), Af At Ffm<Af*)MArMt(AlC) AY FirnmOym AZ MmMms(AZA) BABrtmArrnysPumUdCo (SAW) 9G 9mm StngttOafi Artm (BBC) *00 Bntm Artm Sdnßhd(RßA) BO Bang Artm (tout BR EVA Armys Capn (fVA). CA ArClmi /CCA) CB Armnctn Mmttom Artm (CKS). O dm Artm Ud (CAL)304 words
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Article, Illustration394 2003-08-26 24 Few takers at premier event for Tnpolevs and Dynshins AFP [MOSCOW] Russia's main international air show, which closed on Sunday, was a big hit with the public, the organisers said, while experts said very few multi-million-dollar aviationAFP; AP - 394 words
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Page 17 Advertisements
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Advertisement8 2003-08-26 17 JVIfWCrs prom mfpy i WofM's 2nd Ugsntoi talker8 words
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Page 18 Advertisements
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Advertisement688 2003-08-26 18 CKf™™ I IMPORT ~l [hi MOimiMOMCA |[~|r~ AUBTRAUA/NEW ZEALAND I m ,2.^ mm. vot lgo sw m ypsa vor m stp h m U aw f»c OOaCMMKMU 72W32 14/ M 31/ M M/M AM AUAWT 21N 17/ M lt/M 21/ M 23/ M OWT 31/ M 02/ M PIO MMLOTO688 words
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Advertisement351 2003-08-26 18 Uws wvica raprmrtod by Ngt»*y Singapore Shipping Anockdion m m f ffssa voy eu in itt mum sfoti am Prinoss Lily 0603 25/06 27/08 05/09 Maid Carrier 741 A 03/09 05/09 14/09 Emprwi Ufy 0503 13/09 15/09 24/09 Maid Star 542 A 23/09 25/09 04/10 ULY MARINE SERVICES PTE 17D351 words
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Advertisement1087 2003-08-26 19 la [f if li M TO USA (SAX SERVICE) vissa vot smieia uu oa* dai hou oo «a «i mtc AWSWPPI 009t 17/0< 11/09 15/09 14/09 u/w u/09 u/w 14/09 iyw 19/09 ItfIHOUMD 1191 03/19 nyff 22/09 23/H 71/Qt 23/09 Q/W 23/Ot 24/09 M/H AW HELM* 1211 10/09 25/09 29/091,087 words
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Advertisement1808 2003-08-26 19 sSSS^TllIIaw^ i««oi«w»o«is^u^u*m. 2M COSTAR SNIPPING PTE LTD «w»»ai «w« I wwWlliffwlßll HMD «»H7«J»ImS» KLtmiWIHRI WMM9/0I MMS7M t2MSII«/« I amiiwimni T/SMPMP M2CSI2S 42MJIH/4* I jONorsomo: cowvonwut mmsin umm I Mu RENmIIB I COSM WHOli O) Wl IMP TP. tJHU\U HULBMSMIH VSL/VOT V W W M (ML UQJ NO U TM (Ml1,808 words
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Advertisement367 2003-08-26 20 I RfW |%g| 11 AO ■wQuwi/Booifiwoa numt*wunmw««l-MAlL;<«nm»<itiniimi I 888 I/ELIwIMO DOCUMtmA-nOWOWATIOMt: 633W3T FAX: MM0177 I msa vot smmfom mctbuwc Itmmi ~Miua Mum coworr £±£2. S3 SS $5 M M I mm I ivS 1 m fia to «Hi mi fcf HITITITITIBITiT; wSSSbt 1 VOT smro« fos tows u&uuka oum msoMmm367 words
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Advertisement431 2003-08-26 20 WX WAN HAI LINES Y TEL: *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For morm dmtalla, call HOTLINE: *****588/1800-*****00 HHi ASUEXFRtSS I*IA 21/ M J1/88 84/84 85/0f Ittt 88/88 18/98431 words
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Advertisement427 2003-08-26 20 BSA A. MYANMA FIVE STAR LINE lli»kWN U*fc| hv VafM vsssa vot sm m rat m PAGAN 304W SU NM-AN Mm SU M MALAYSIA: MVS TEA) SMPPING AGENCIES NIL 03-*****300 HL 03-317*4111 Pofc 04-*****07 BANK LINE t* ttrvkt ti Imtnm WMr THppli I NOKWOUNP TO iUKOW V COMBUWEI, KORO, MJU427 words
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Page 21 Advertisements
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Advertisement883 2003-08-26 21 VESSEL VOY KHH HKO SIN I m I PXfc IMI I BjjW —C CAM mo PCL 3003 SIOP 34/03 (JKT) 17/0% 26/06 07/09 03/09 15/09 17/09 MAN ISFAHAN KL 336 37/03 33/03 31/03 01/09 03/09 09/09 14/09 13/09 SIMA TOUBA KL 3004 SIU9 SKV 10/09 11/09 31/09 33/09 39/09 01/10883 words
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Advertisement520 2003-08-26 21 A mssm UK CONTINENT SERVICE Loading tor THOR LOTUS RTM/ATW/BMN/UKA4AN MIDDLE-EAST SERVICE Loading tor LOK LAJESHWARI ADN/HDD/J DH/AQA J. FRIEND Dei/ABU/DOH/BRN/DMM/KWT FTVOS DBI/ABU/DOH/BRN/DMM/KWT toads Singapore, E-/W. Matayva. Indoniwa USA SERVICE Loadtogtor PACIFIC EMBOLDEN CAM/NFK/SAV/NOL •LoadaE/W. Malaywa. Indonaaia F.E./S.EJL SERVICES S'por* Loading tor LUCKY STAR INC/BSN Toads E Matayaa, indonaaio OTHER520 words
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Advertisement646 2003-08-26 21 jssk isa fli m— ww ma sm. *i___ mwm urn am UP P4? mum ism am vm KHP ffli "4! —gs-=H=—aa. -sa is ritf iftigfl IBHL— fiztt w/w HHHTfnvnrnTfinHi^ PACOANM 1027* 01/W 04/W 1 '1 '/il -BSB S H M- jSgl- jglias I siSi 1 gLUgJ 151 la 1m m646 words
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Page 23 Miscellaneous
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Miscellaneous138 2003-08-26 23 gfM j FOR 7AM 26 Aug 2003 i mB /1" 29W '±^i 29 V t Yji 'k MT"Ti fsnii' i h. <"■—^ 'V r-; ~fl^it"->7Hjßy. > VBli2^ ;^l> li Issued by Meteorological Service Division ,NEA LEGEND: Thunderstorm Wind speed symbols <?/ showers Full circle w/o line indicates calm or light138 words
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