The Business Times, 14 November 2003

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Total Pages: 30
1 30 The Business Times
  • 15 1 o MfrA<P)ttMfltt2oo3 THE BUSINESS TIMES SINGAPORE I Internet, imp: 'business-times.asial com.sg FRIDAY, NOVEMBER 14. 2003
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  • 891 1  -  But move comes with a twist as 3 local hanks also cot variable rates By Siow Li Sen [SINGAPORE] OCBC Bank's move on Wednesday to hike interest rates on its fixed-rate home loans has sparked off similar increases yesterday by three other
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  • 706 1  -  They see 20% upside despite risks of jumping on the boll bandwagon From Andrew Marks in New York INVESTORS returned to the US markets following a holiday displaying little of the doubt that has defined trading action in
    AFP  -  706 words
  • 75 1 Ml 1,744.74 (+29.38) ST MDEX AJTURES 1,74*00 (+25.00) ■■SMSCI FUTURES U HMO (+170) Thursday Change KLSE POMP 791.49 *118 NIKKEI 225 _10J37J7_*n 1.45 HANG SENG 12J227A7 ♦2S6 tf9 SET INDEX 658.15 +4.66 JAKARTA COMP -***** -534 MANILA COMP .IJJ4188 -19J6 TAIPEI WP1 6.035.44 +52.89 SEOUL COMP 813.11 +1180 SHENZHEN
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  • 76 1 FONEX RATES US$ S$ IJSt (St per ISt) 1.749 £(lISt/St per S) 1.678 1901 E>RO(l'SS/S$/E). 1.168 1019 YEN 108.1 C.70 RM 1800 1198 HKt 7.766 4 491 BAHT 39.91 23.08 RUP1AH 8,487 4108 RENMINBI 8199 4799 INDIAN RUPEE 46.44 2618 At 1189 0.803 NZt 1.587 0118 HMMTII SINGAPORE* 626
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  • 791 1  -  It's eyeing at least $90m with post-IPO market cap of $400m By Serena Ng [SINGAPORE] Hi-P International, which plans to sell 205 million shares to raise an amount estimated to be in excess of $90 million, is poised to
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  • Page 1 Advertisements
    • 14 1 III! 8 "887 81 *****4 v i l El TOMORROW in The Business Times
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    • 86 1 Pierce Brosnan's Choice i IB i B PP^ Railmaster Co-Axial Escapement 3 year extended warranty Q The Railmaster belongs to the Seamaster Aqua Terra collection >JL based on an original Omega model dating from 1957. The current A. model is fitted with Omega's revolutionary Co-Axial Escapement f J lll^ and
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    • 447 2  -  Move expands ties with his business partner Alabbar By Ven Sreenivasan [SINGAPORE] In a move which further expands his relationship with Dubaibased entrepreneur Mo* hamed All Alabbar, Malaysia's Syed Mokhtar Al-Buk-hary has bought a 10 per cent stake in SGX main-board-listed sports
      447 words
    • 53 2 IN Tuesday's Hock Lock Siew column "Is NOL building up a new war chest?", we erred in saying Flemming Jacobs was CEO of Neptune Orient Lines when the shipping group acquired APL in 1997. Mr Jacobs joined NOL in mid--1999, after APL had already been acquired. We are sorry
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    • 478 2  -  Projects will help revitalise old industrial belt in the north-east By Loh Hui Yin [SINGAPORE! Singapore companies yesterday agreed to invest in projects worth US$BBO million in China's north-eastern region, an industrial rust-belt which the Beijing government wants to rejuvenate. They signed 11
      CHRIS LOH  -  478 words
    • 416 2  -  Grace period sought for weaker sectors, among other things By Chuang Peck Ming [SINGAPORE] Less than two months before talks are due to start, some concerns have surfaced about a proposed Korea-Singapore free trade deal. The concerns have come from South Korean businessmen and relate
      416 words
    • 454 2 North-east Asian refiners plan to bypass S'pore hob and drive a bargain Bloomberg [TOKYO] Nippon Oil Corp, China's Sinopec Group and South Korea's SK Corp said they plan to set up an energy market with other northeast Asian oil refiners
      Bloomberg  -  454 words
    • 119 2 Bloomberg [SINGAPORE] China will remain Asia's top buyer of low sulfUr African crude oil for a third consecutive month in December, taking at least 16 million barrels, mostly from Angola, Africa's No 2 producer, traders involved in the sales said. China's load in
      Bloomberg  -  119 words
  • Page 2 Advertisements
    • 76 2 I' Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: SknomeToh T: 466 6636 3382 P. +66 6635 3801 E:
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  • Page 3 Advertisements
    • 220 3 4 A your own tradition Li2^->^l ~3» mo H E I t If b\l p lt ffiijM V^^Hi^Hl^^Byßi^^Tr3^^lES^M^qj^3Hß actually own a Patek Philippe. You merely 9 look after it for the next generation. Travel Time by Patek Philippe B THE HOUR GLASS SINGAPORE MALAYSIA <6#65*KJ THAILAND TAKASHI MAYA SC TEL:
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  • SINGAPORE companies
    • 672 3  -  HOCK lock siew loh hui yin BEFORE angel investor Koh Boon Hwee put his money in Chinese company KXD Digital Entertainment recently, he is said to have personally visited the workers in their dormitories in China to find out their welfare. Singapore professionals involved
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    • 486 4  -  CSFB names KeppeL, Chartered, SingTel and CapitaLand By Kenneth Lim as ureait suisse first Boston (CSFB) struggles to place out US$3OB million worth of Neptune Orient Line shares it has underwritten, the investment bank's research arm asked on Wednesday which other Temasek-linked
      AFP PHOTO  -  486 words
    • 464 4  -  Underwriter held as much as 21% at the start of fond raising exercise By Wong Wei Kong CREDIT Suisse First Boston (CSFB) had as much as 21 per cent of Neptune Orient Lines (NOL) shares on its books on Monday,
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    • 403 8  -  Contributing to the loss was in exceptional write-off of $22.7m By Amit Roy Choudhury SINGAPORE Computer Systems (SCS), a part of the Singapore Technologies group, yesterday announced its first-ever loss of $29.3 million for its third quarter ended September, bucking a general
      FILE PHOTO  -  403 words
    • COMPANY Briefs
      • 30 8 STAR Cruises group had a 4.3 per cent rise in third-quarter profit. Net income for the three months ended Sept 30 rose to US$5B.6
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      • 2 8
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      • 19 8 Tifl—ißrJior Engineering year came to $4.8 ft* the perWltrebled to $39.5 million from rvis >- L *.±i* *-t
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      • 75 8 CONSUMER electronics group Thakral Corporation Ltd yesterday reported net profit of $8.4 million for the six months ended Sept 30, on a turnover of $250.7 million. Yearoo-yatr, die net profit was 20 per cent higher than the $7 million it toroed in previously. However,
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      • 123 8 Reuters DEL Monte Pacific, which sells pineapple-based prodhpti and beverages, said its third-quarter net profit slumped 56 par clot due to lower sales, higher product costs and marketing expenses. Singapore-listed Del Monte said it earned US$3.4 millioaintbe three months to September against
        Reuters  -  123 words
      • 54 8 CYCLE A Carriage Limited said it bought another 6.7 million shares ofBoo rupiah each in PT Astra International TWc at about 4,499 rupiah per share for about 30.3 bill ion rupiah (556.2 million). The latest investment raised CCL's shareholding in Astra t09&3 percent
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      • 91 8 LABROY Marine Limited said its Singapore subsidiary Labroy Shipbuilding And Engineering Pte Ltd has signed two shipbuilding contracts worth $11.6 million for construction of two harbour tugs. The tugs are expected to be delivered in 2004. With 2008 shipbuilding order book stands at
        91 words
      • 102 8 Reuttrs SINGAPORE'S third-biggest conglomerate, Fraser Neave Ltd (FAN), is expected to report a strong rise in full-year profit today, propelled by safes of property, beer and soft drinks. FAN, a 120-year-okl group worth about 12.7 billion, is one of Singapore's best perfonntDgstockstfcls year,
        Reuttrs  -  102 words
      • 106 8 CHINA Modon Telecom Intsrnaaoqal yesterday said it expects to post a lose for the atx month* ended 3#pt 30, as its Mobile Virtual Network Operator (MVNO) business, which was launched in August 2002, has lnnpi anticipated to break even. In sridltion. it said inlcnee rr<Bpetttionin the
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      • 57 8 MtALi M Management international said tne Registry or Companies spd Businesses has grained it until end-December to hold its annual gsnsral meeting, after it sought an extension of time to facilitate its proposed rights issue which was announced on Oct 21. It said it will
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    • 199 8  -  Broadband revenue kits US$10.1m up 58.5% y-o-y By Amit Roy Choudhury LISTED Internet services provider Pacific Internet reported a 175 per cent year-on-year rise in thirdquarter net profit from US$2BO,OOO to U*****,000, its seventh consecutive profitable quarter. The Q3 net income was also
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  • Page 4 Advertisements
    • 117 4 1 1 1 11 losE Carreras CONCERT under the ST ARS Invite your dents, Wends and famiy now for Ms end of year once in a Hstime evening not to be missed! Singapore Padang Wednesday, 26 November 2003, B.oopm $49 $89 $159 $199 HSBC's credit cardholders enjoy 10% off ticket
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    • 645 4 ~M\ q» CHUAN SOON HUAT INDUSTRIAL GROUP LTD Mnmnr of kctiby of warrants TO: ALL HOLDERS OF WARRANTS OF CHUAN SOON HUAT INDUSTRIAL GROUP LTD < HnMs«afWwtM<»rw <11 aoAdtan or tto praiaaafoaal rfihui taMrikkiji WmriMin wbo hot* nl< MrWarranto dhanid recripjUrfacopy EXPIRY OF WARRANTS Wmi—hiihliii are reminded that m accordance
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    • 291 5 ssßglE '*-y-0$ '»J •--:.jpn. r v >>- v» a J i* fcur v V<-. v**-w.-* V s. :...y-$ ,v *iS.v v» -f' 4.jtJT- v "*H 1 tip Tr^iV- A. 1 4^■ '•r'' y»* -V--'' V rv -A jf waterfront iiddress like no >? I r n .J I w I
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  • SINGAPORE markets
    • Article, Illustration
      431 6  -  Compiled by VEN SREENIVASAN HmiPwumUtMmUrt HAW Par's net profit of $14.7 million (-40.7 pa: cent q-o-q) was within expectations. The dedine came from a 41 per cent tell In investment income to $13.1 mfflinn and higher effective tax rate of 20 per cent compared to 9.9 per cent
      Source: Bloomberg  -  431 words
    • 280 6  -  HOT STOCK WARRANT By Ven Sreenivasan NOT many market players may know this, but mainboard-listed electronic component and contract player Beyonics Technology is now Singapore's third-largest tech sector firm by revenue (after Venture and Creative Tech) following its merger with Flairis. The merged entity
      Source: Bloomberg  -  280 words
    • 484 6  -  BT comment STOCKS kenneth lim THE key Straits Times Index yesterday climbed higher into the 1,700 territory for the second straight day, and brokers are watching to see if the correction from recent weeks is finally over. The STI closed at its day's
      Source: Bloomberg  -  484 words
    • 609 6  -  BT comment CURRENCIES larry wee THE US dollar was unceremoniously hammered in Asian trading yesterday, especially against the stKalled commodity currencies, despitesivjtoins of 1.1 tpltttoer cent Instead, cqoßncy traders toEßleir cue from gold and ataring commodiryt""ices to focus on which had the moStlo
      Source: Reuters  -  609 words
    • TRADES TO WATCH
      • 116 6 VETERAN banker Wee Cho Yaw has again tightened his grip over United Overseas Bank (UOB), after his investment vehicle Wee Investments Pte Ltd an Nov 11 bought 500,000 sharee in the open market at an average price of $12.74. Hie $637 million purchase raised
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      • 99 6 ONE of Jurong Technologies Industrial Oorp's independent directors, Wee Sing Guan, sold 50,000 shares of the electronics contract manufacturing group on Nov 12 at $1.10 per share. His sale, which reduced his deemed shareholding to 100,000 shares or a 0.03 per cent stake, comee a
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      • 75 6 PATRICK Gob Yong Chian. alternate director to Fraser Neeve's managing director Han Cheng Fong, has exercised options for 15,996 shares at $6.67 each ahead of the diversified beverage group's ftill-year earnings report which is expected to be released today. Following the options exercise, which cost him
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      • 77 6  -  Compiled by SERENA NG CHAPTERED Asset Management on Nov II bought another 360.000 shares in precision parts maker UniSteel Technology at $1-2658 per share, days before the company's third quarter results release next Monday. The fond manager's deemed stake in UniSteel has been raised to
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    • Article, Illustration
      384 6 y<-. > *'***4 Li »•> j j»* OTHER SINGAPORE yrurr* f Nov 13 VALUE CLOSE STOMt -235.00 +442.00 BTCMM -*****.00 +148.00 I 1' -*****.00 -24.00 mmmmrn 471.72 +7.10 itf| Hi Bill 174.97 +3.49 Hi 1489.70 +3U» tiipWiihrip 446.41 >7.96 tmrnmm 214.93 +3.78 «WMh» il4.40 +2.70 Chart SerrtfOond 26c *****,000 0E3MIJU200
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  • PERSONAL finance
    • 1333 7  -  Decide with your eyes open, for, remember, there are trade-offs when you give up one set of circumstances for another roy varghese WHAT is pushing Singaporeans? The question of emigration arises far too frequently in the discussions we have with clients these days. Most often, Australia
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    • 220 7 I JIIIB i- Jfl ,Iptfres3 53* *m fiK WmMlm Mm i^^sisP^ wW^^Fmm/^w cT^l" '£*$■»op p.n g Ctntr. #02-24 Tat MM 7717 CMUafc Crty Pl«. I7T* W44Mil• CMUafc Un„.4 *M»«l »«1253 Mil C«C Jwowg Eaat MBT Stabaa Ml-B3Tat WW 11 1»»Ci■■! f|ilj«■«■_»« YwfcwCafal 1 Ml-M T.I 6760 0800 Etactricliafc Ginit Plui
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  • Page 8 Advertisements
    • 169 8 -k. 0 Y 1 &J^*~a -kJ *-v^:--z u*ais P^^H V^yfl|^ v, -4r. ?f~-Vjp t l. s' $&*s& I H President Putin's HH Favourite Ensemble comes to BMfIH The Harbour Grill Oyster Bar n 17-19 21-22 November Dinner Show $150+++ Reservations 6730 3393 jA Time 7pm onwards Ever wanted to know
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  • SINGAPORE news
    • 407 9  -  But S'pore,HK will have hard time keeping lip with the region's paces IDC By Amit Roy Choudhury AFTER two years of stagnation, online advertising is set to take off again in the Asia-Pacific area with a vengeance although Singapore and Hong
      Source:  -  407 words
    • 256 9 Enlarged freehold project will be launched by Q2 KEPPEL Land is expanding its Pinnacles at Wee Nam condo project, which has yet to be launched, following its $88.2 million acquisition of a site next door which it will amalgamate with the Pinnacles site. The enlarged
      256 words
    • 253 9 HOTEL and property group Amara Holdings is offering its 999-year leasehold development in Upper Bukit Timah at "District 9 quality but suburban prices". The Linear will be officially launched this weekend after its preview earlier. The 221-unit development is priced at
      253 words
    • 543 9  - Saatchi Saatchi gives its time to various causes By Siow Li Sen PINK dolphins and maid dignity free the first from Sentosa's Dolphin Lagoon and raise the second. These two issues have generated much emotion and debate in Singapore among people from all walks of life. But not many know
      543 words
  • Page 9 Advertisements
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  • EDITORIAL & opinion
    • 819 10  -  THE bottom line OPINION shada islam WORLD Trade Organization (WTO) members seeking to put talks on a new global trade deal back on track following the disastrous September meeting in Cancun, Mexico, lace an increasingly difficult uphill struggle. After listening to senior trade
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    • 49 10 'What do they think Indonesia is—a trash bin for these people? -Ade Dachlan an Indonesian immigration department spokesman, after the Australian navy towed a fishing boat carrying 14 Turkish Kurds out to sea four days after it reached Melville Island off the north coast of Australia.
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    • 634 10 EDITORIAL A YEAR after he succeeded Jiang Zemin as general secretary of the Chinese Communist Party, Hu Jintao has come into his own —without upstaging the still-influential Mr Jiang. Often described as colourless and cautious, he was re la tively unknown to world leaders, who
      634 words
    • 817 10  -  Despite the recent scandals, the majority of them think long-term avoiding knee-jerk reactions and coolly ganging where their best interests lie By Chet Currier Bloomberg THE mutual fund scandals have revived an old stereotype of fund investors as little lost lambs. If these benighted
      Bloomberg; AFP  -  817 words
    • 523 10  -  COMMENTARY Democracy cannot exist without truth and genuine self-determination By Ribert Schoor LAT-WP IT takes stunning arrogance for a president to invade an oil-rich, politically strategic country on the basis of demonstrable lies, put his favourite companies in control of its economic future, create a puppet
      LAT-WP  -  523 words
  • Page 10 Advertisements
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  • 8 11 UNIT TRUSTS FUNDS IMNDc MlHni v* MMmompl Msnun
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  • REGIONAL news
    • 537 11  -  While Fernandes dismisses rumours, Temasek keeping its options open From Eddie Toh in Kuala Lumpur SINGAPORE investment agency Temasek Holdings, which owns a substantial stake in Singapore Airlines, has not ruled out the possibility of forming a partnership with Malaysia's AirAsia, which is flying high in
      AFT  -  537 words
    • 106 11 AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra yesterday warned Thai Airways to brace itself for the launch of new budget airline Air Asia Aviation which is half-owned by his family company. "Everybody must adjust themselves, in the near future there will be
      AFP  -  106 words
    • 309 11  -  It's the fund's first direct equity investment ever From Diana Ooa Abdullah m Kuala Lumpur IN a bid to boost returns from its investments, Malaysia's Employees Proviits in Selangor to build high-end houses. "This is something new to us. We are looking at alternative forms
      309 words
    • 244 11 KUALA LUMPUR Reuters MALAYSIA'S August and September external trade data may see larger-than-ex-pected revisions due to data processing problems, a source familiar with the matter said yesterday. Malaysia's recent trade figures have puzzled economists who have been hard pressed to reconcile sliding exports
      Reuters  -  244 words
    • 186 11 JAKARTA Bloomberg INDONESIA'S cabinet asked the bank restructuring agency to consider a new debt reorganisation for Texmaco Group, its largest textile maker, delaying a decision on the future of the ailing company. President Megawati Sukarnoputri and key economic ministers met yesterday to
      Bloomberg  -  186 words
    • 444 12  -  It says foreclosure bid conflicts with bena fide long-term creditors'interests From Shoeb Kagda in Jakarta ARGUING that legal action taken by two minor USbased creditors was inconsistent with the recently concluded master restructuring agreements (MRA), Asia Pulp Papa* said yesterday that it
      444 words
    • 411 12 BEIJING Reuters CHINA is going on a shopping spree in the United States, buying billions of dollars of planes, grains and automobiles to deflect criticism of its swelling trade surplus and weak currency. Deals to buy Boeing jets and Cadillac sedans
      Reuters  -  411 words
    • 271 12 JAKARTA Citibank branches, supermarkets, international schools mentioned AFP INDONESIAN police have found a terrorist target list for Jakarta which includes Citibank branches, a suburb popular with expatriates and two international schools, reports quoting police said yesterday. The Kompas daily and the
      AFP  -  271 words
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  • Page 12 Advertisements
    • 3186 12 T. IM Q 23, t i IN THE MATTER Of THE COMPANIES ACT. CA*. 50 ANO IN THE MATTER Of TAN ENG SOON HOLDINGS PRIVATE LIMITED NOTICE Of RESOLUTIONS FOR MEMBERS' VOLUNTARY WMOMGUP (PURSUANT TO SECTION 2*o| Al an Eiwaordinary Ganaral MaaSng af *w nwmbanaf TAN ENG SOON HOUMNGS PRIVATE
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    • 601 12 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 ANO IN THE MATTER OF GLOBAL LOYALTY SYSTEMS MTERNATIONAL PTE LTD (In Msmbsrs' Voluntary Liquidation) NOTICE OF RESOLUTIONS Al an Extaotdwaty General Mealinq of toe toovenamed Company duly convened and held at Laval 1.117 Owrti StreeL HaMhom Vctom 3122 Auatnia on
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    • 739 12 IN THE MATTER OF TW COMPANIES ACT, CAP. SO BAHRAIN MARINE (S) PIE. LTD. (In Munbon' VoW«tory LipifidaliOft) Ai f Pm an cxnvxxaioo'y VJOIIPUI 9ws Cotapany J«imd to how bil ImM at MOt kadi Road. *1441 GaUwi Ml* Tmv, Simopor* *****9 p«rwo«t to Soction 179(6) of th* Conipoiiwi Act, Cap.
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  • REGIONAL news
    • 452 13 They focus on design and let others produce the chips to lower costs Reuters 4 /N HIP makers are finding that letting others M I manufacture their technology-intensive products makes good business sense. ComV I panies ranging from giants Motorola Inc V/ and Texas Instruments
      Reuters  -  452 words
    • 584 13 TOKYO Press report abort Ashikaga raises concern about state of Japanese banks Reuters THE Japanese government yesterday denied it was about to bail out a big regional bank after a report that a rescue was under consideration raised fresh worries about
      Reuters; AFP FILE PHOTO  -  584 words
  • Page 13 Advertisements
    • 334 13 Notice is hereby given that the following full set of original Ocean Bills of Lading has been lost. Bill of Lading No. ZIMUSINSOSOO dated Ist Oct 2003 (shipped via MV Zim Korea V 45/ E) issued by Zim Container Service. We also declare that this same Bills of Lading is
      334 words
    • 146 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DATAWORK PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 18 Cross Street #08-01 Marsh McLennan Centre Singapore *****3 on the 10"
      146 words
    • 237 13 Are your HR practices adaptable new Friday, 21 November 2003 9:3oam s:3opm Suntec Singapore, Ballroom 2, Level 2 Ss2so per participant inclusive of Conference Kit and Lunch i Don't miss this opportunity! Limited seats are available. Sign up NOW! For more information, call 6747 4271 or email: sls2oo3@mindmedia.com.sg i Log
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  • Article, Illustration
    1007 14 Transaction date: Nov 13 u m tm m mh mm f i wm Pm u* m* Hmt m jffm 0-937 1973 160 5.590 32.703 ***** 0.780 8.433 2.735 1(42 41.321 39J17 1245 4.950 0.968 24.468 28.725 0.429 0.720 CM* 1067 1371 0.658 1963 34.884 ***** 0.832 1999 2.917 1.218
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  • 1329 14 BCflMfWOMi Nov 13 m* u» (falw) trtSS OK 03 ***** Jn04 ***** Fit 04 224.00 Itar04 ***** RS3flBca«4« WtHM Opm Moat* M|li La« Mt HmM) Mfllt OK 03 129.00 2700 Jm 04 mi5 126.75 8125 400 4825 FA 04 tax ***** ***** 400 3975 Mr 04 ***** ***** *****
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  • WORLD news
    • 439 14 WASHINGTON Businesses look confident enough to resume hiring and sustain the momentum Reuters PROSPECTS for a continued, strong US recovery have grown but it is too soon to say all risks to a sustained expansion have .been erased, a senior IMF official said on
      Reuters  -  439 words
    • 323 14 SAN FRANCISCO Reuters CORPORATIONS have increased their budgets for information technology next year, a positive change after years of contraction, International Business Machines Corp's top executive said on Wednesday. "We're seeing people planning for next year around the world—to begin to take up
      Reuters  -  323 words
    • 151 14 Reuters [WASHINGTON] In a possible sign the Bush administration may soon lift controversial US steel tariffs, US Trade Representative Robert Zoellick said on Wednesday the duties had already fulfilled White House hopes by helping the domestic steel industry. He said a fall in the
      Reuters  -  151 words
    • 471 15 FRANKFURT Recovery boosts hopes US won't remain sole engine of global growth Bloomberg, Reuters THREE major European economies Germany, France and the Netherlands returned to growth in the third quarter as a global economic recovery stoked demand for exports, bolstering hopes
      Bloomberg,; Reuters  -  471 words
    • 274 15 SYDNEY Bloomberg GLOBAL assets such as shares and property are likely to yield lower returns in coming years than they have over the past 20 years, Reserve Bank of Australia Governor lan Macfarlane said yesterday. He said nominal rates of return on financial and real
      Bloomberg  -  274 words
    • 375 15 Bloomberg [FRANKFURT] Deutsche Telekom, the largest European phone company, and Siemens, Germany's top electronics maker, are the latest among Europe's big companies to boost profit as they shrank payrolls and tapped demand abroad. Third-quarter results have come from 28 members of the Dow Jones Stoxx
      Bloomberg; AP  -  375 words
    • 317 15 LATEST US DATA Jobless filings stay close to lowest in almost 3 years Reuters, Bloomberg [WASHINGTON] The US trade deficit widened in September to US$4l.3 billion, as the strengthening US economy propelled imports from China and the rest of the world to
      Reuters,; Bloomberg  -  317 words
    • WORLD Watch
      • 64 15 Reuters [VIENNA] Chicago Federal Reserve president Michael Moskow yesterday said the oentral bank plans to keep interest rates low for a considerable period of time. "AD of the dozens and dozens of economic indicators that we look at, we will monitor to
        Reuters  -  64 words
      • 66 15 Reuters [CHICAGO] Wal-Mart Stores yesterday reported a 13.9 percent increase in quarterly profit, but results just mlwori Wall Street's loftier expels! tons of 4T cents per share. For the third quarter ended Octal, it said earnings from continuing operations rote US$2.O bfllkm, or 46 cents
        Reuters  -  66 words
      • 44 15 Bloomberg [NEW YORK] Applied Materials, the maker of chip production equipment, had its first profit in a year and said orders this quarter will surge. Fourth quarter net income dropped 90 per cent to UBsl&s million from U*****.2 million.—Bloomberg
        Bloomberg  -  44 words

  • Page 15 Advertisements
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    • 122 15 Fashion IMite mk Yes, ifs Friday Fashion Nite at Discovery Pub. Come watch a bevy of beauties show off the latest in leisure wear. It's also Happy Hours from 3 to Bpm on weekdays and all day weekends. "East Meets West" rf/? Buffet Hl-tea Ewy Saturday, Sunday it nCQ J
      122 words
    • 168 15 tm*rn Fndi Salmon, Qntihsini Tuna, succulent Prawns and mora. Now you can savour tha ocaan's bast tridi our krastaMa Surfs wid Sastwr* Also available on tha buffet are Hp-smacking Tempura and Tappanyaki delights plus a host of other choices to satisfy your craving for exquisite japanasc oiacioii roc unwmea servings,
      168 words
    • 41 15 n MERITUS MANDARIN SINGAPORE T MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish sod other delights anytime. kcMrmkas: *****291 CaflaelNM MERITUS MA ND At I N mu 333 Orchard Road, Singapore *****7 Tel: +65 6737 4411. Fax:+6s 6732 2361.
      41 words

  • 6 16 Transaction date: Nov 13
    6 words
  • 5 16 Transaction date: Nov 13
    5 words
  • 697 16 Transaction date: Nov 13 ifcdit a—i Qfl ■> aw a—§ Mm* MO vm *CMO IHMIk OJ? 2MB *OJ0O at OiK t-090 «4joo oac ui ujm 4jt ijt ijSO «M» oue M »«w OliRMCMlk L» (J00 «tn OJO 1AM 4M 0*DNMi UI U» «&200 PMMMMOkUi 1.MD 4IN CanfcrtMgroBc UN 0720
    697 words
  • 547 16 BONDS WARRANTS "E a— ca— —r w mm hi rt mm ASTIVMM0421 25 inrfl 100 1 -1 134 7 M7 AawUdWWIlM 13 03 5 1 50 442 #33 12 MR AmkeklM*****0 117 2 C 1 33 -2 131 19 MB Armerong W040S20 1 10 7 230 0 MO! louMd W*****2
    547 words
  • Page 16 Advertisements

  • CINEMA
    • 467 17  -  Ben Voyage is a fast-paced French flick packed with intrigue, romance and good performances By Cheah Ui-Hoon w ROMANCE and espionage make the best bedfellows in film themes, and Bon Voyage pays homage to these two genres. Think of it as Casablanca in French, but presented
      467 words
  • 6 17 Transaction date: Nov 13
    6 words
  • 61 17 SHU M iMt Vtf taf 11QH Mtr tar OTW tal 1Kb l— fta ri«>»i m« w- r— i— taj» s*i m M 1710 a 6065 Ownandl UOMM 2130 9500 1750 1740 §0K BOHUSTadl USSMO 097 KMJOSpor* US555 H<n 8MW80 U5B70 MM U* fiJ5 STTTTWO "iS? *4 3 1710
    61 words
  • 1698 17 94* M la* M Bay IHH 99* Mi tttM M MO* |»lwCKl Ci 1 iij M* W- (1 W9 L—r —jar Safcr C» HI tit 26 7 5 5000 AMHUpSc 19 *05 ISO 19 19 1*5 1# 42 12.9 2101 A*045c 30 5 093 31 205 30 305
    1,698 words
  • 241 17 JHK M IM M Nl in— fiffe Mr CrtM H HCa cmmm PW> mF Urn »mm t*m Cw m «3 193 »1 MOO AV)*nrangiA25c AHQq) uncti 23* IS 190 1»1 1«2 40 U S3 72 4CU HOI Ca*ayfcic20c WC720 *5 11 60Q2 Owuna KonaSOc HK1790 240 13 C.7
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  • Page 17 Miscellaneous
    • 197 17 CRYPTIC' CROSSWORD fci ri ri llllllllilllli Job one ooesni nate oomg I I I I I I I I I I I I I' 2 Cheese from town in kxfan (5) country state (3,6) 9 Insane, 10 Platonic, 11 Gerv 3 Hooed Norm could become 16 Old chief writer to
      197 words

  • THE ARTS
    • 386 18  -  By Frank De Meglie urn wEiLinaaiJAi evening, former music director Kees Bakels led the Malaysian Philharmonic Orchestra (MPO) in a performance of concert favourites, kicking off with Mozart's Overture to The Magic Flute. Bakels, now the MPO's principal conductor, was joined by violin soloist Leonidas
      386 words
    • 860 18  -  4th Asian Children's Festival has a handful for kids as well as the young at heart By Cheah Ui-Hoon IF the number of productions catering specially to children this month is any indication, the arts scene is certainly seeing a spurt of growth in this audience group. The
      860 words
    • 428 18  -  By Cheah Ui-Hoon TWO of the most famous "bibiks" (Peranakan ladies) from both sides of the Causeway team up next week to present a fund-rais-ing Peranakan musical comedy revue for the Dover Part Hospice. Both are well-known male actors in their own right, but
      428 words
  • Page 18 Advertisements
    • 473 18 Outperform W7BC(jQ (3 Sharp Mind w on Know now impov itim it n fo pfrTonn opnmapy ot wonc, ospocioiiy in fooojt» changing economic climate. Situations of woHc often call for you to stay sharp and a ton fo ion toin on rop or mings. do it closing ttiot imporranT Dusiness
      473 words

  • PERSPECTIVE
    • 470 19  -  By Geoffrey Eu MEN are from Mars and Women are from Venus, but Jesper Parnevik makes his home in Jupiter Jupiter, Florida, that is which is entirely appropriate because in many ways, the resident space cadet on the Men's PGA Tour might as well be
      470 words
  • Page 19 Advertisements
    • 175 19 for tfic C (?)ontcmfi&rary One-Ninety. For Simple Pleasures Made Special Indulge in One-Ninety's irresistible blend of comfort and easy sophistication. The experience perfected by our award-winning service and cuisine. Enjoy the exquisite dilemma of choosing between Modern European dishes or creative Asian cuisine. Or avoid such decisions by selecting our
      175 words

  • EXECUTIVE Lifestyle
    • Article, Illustration
      1241 20 the owner are J* ii®both generate nwwity vahm. history by competing on the men's PGA ftrarecuiier this year the event represents a rare (and probably more welcome) opportunity to take on the boys in a relatively pressure-free environment After playing against the best men in the world and
      1,241 words
  • Page 20 Advertisements
    • 140 20 Introducing the new 9-3 Convertible- practical, rational and I I irresistible. *«> -V > f* Even when stationary, the design of the new Saab 9-3 Convertible sweeps and flows, striking a graceful It- 1- w mm 4b stance thats sure to make hearts flutter. Oozing with sensual appeal, it drops
      140 words

  • SHIPPING TIMES
    • 39 21 THE Baltic Dry Index fell 38 points to 4206, the Baltic Capesise Index fell 66 points to 6306, the Baltic Panamas Index fell 37 points to 3841 and the Baltic Handymax Index fen 113 points to *****.
      39 words
    • 210 21 Iter 13 g W- »■> CHOfhhort 036 undi 1348 Own Hup *50 tndi 1385 OKDiMMkMnt—091 0*1 7566 CWTOMutton 091 0*2 90 EMNtta 1.00 aw MM taWKUnks fttt -*01 933 GBHeMngi _a70 OJB M «r OJB 8513 dVMml ™022 inch 1143 KMtCbm 5J0 005 1200 uBwwwiiw- an **h *****
      210 words
    • 635 21  -  While freight rates on long-haul trades are rising, intra-Asia rates are still low By Donald Urquhart [SINGAPORE] Thai-listed common feeder. Regional Container Lines (RCL), has urged mainline container operators now enjoying healthy freight rates to consider the plight of feeder operators still struggling under
      BETH JINKS  -  635 words
    • 243 21  -  By Beth Jinks [SINGAPORE] The demand outlook for container shipping is favourable "until at least the end of 2005", according to P&O Nedlloyd, the world's third biggest capacity container line, which reported a third quarter profit of US$4l million against a US$67 million loss
      243 words
    • 989 22  -  ADMIRALTY CASEBOOK But English court refuses to grant injunction against cargo claimant which obtained security in S'pore By Selva Kumar AN English court ruled last month that a shipowner could establish a limitation fund in England under the 1976 Convention on Limitation
      989 words
    • 201 22 [SINGAPORE] APL and its New World Alliance (NWA) partners Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) have upgraded their weekly New York Express Service (NYX) with larger and faster although fewer vessels. Launched earlier this year, the fixed-day all-water service will
      FILE PHOTO  -  201 words
    • 3 22
      3 words
    • 3 27 thebusinesstimes
      3 words
    • SHIPS IN PORT
      • 517 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL GOKCAN E445 J15/16 A/SIDE 14/11 1800 IDASBULKER 5B J10/11 A/SIDE 14/*****0 J GRACE 0325 J16 A/SIDE 14/11 0600 PUTRIMANDAH1 01/03J J3 A/SIDE 14/11 0630 SINARKUOUS 62 J7 A/SIDE 14/11 0600 YONGAN 1 *****2 J24/25 A/SIDE 14/11 0700 ASL79 01/11
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      • 2 29
        2 words
      • 132 29 Nor 25 Singapore: Hari Ray a Puasa. Malaysia: Hari Raya Puasa. Dec B Thailand: King's Birthday. Dee 10 Thailand: Constitution Day. Dee 23 Japan: Emperor's Birthday. Dee 25 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas
        132 words
      • 161 29 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 averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        161 words
      • 35 29 My kMtar part* Mo* taM l» «M«raplM NghM tar MwMv. eaapatMilw >—I—IUXMIi li iilMii w«ltwll—I <M>iiiwn*c»fiiwicn>o«yii<i>iiniir rm MM MamaMaa aa carmrt tart «MMy ttn NMM Imlm.lMpfeMNt om-»»7-«o«aTrtML mnmwuH. fmloiti an m.
        35 words
    • AIR & LAND transport
      • 592 30 Airline cites imminent EU ruling against it in competition probe AFP [BRUSSELS] Cut-price airline Ryanair warned on Wednesday that it may shut down its operations at Belgium's Charleroi airport after seeing signs that the European Commission is set to rule against it in
        AFP; REUTERS  -  592 words
      • 207 30 Bloomberg [CHICAGOI United Airlines parent UAL Corp, which filed the largest airline bankruptcy last year, named its new low-fare airline unit Ted as the company prepares to take on discount competitors. The low-fare carrier, which takes its name from the last three letters of United,
        Bloomberg; AP  -  207 words
      • LOG Book
        • 85 30 AP [LONDON] British Airways has suspended a pilot, a co-pilot and a cabin attendant who were detained by Norwegian police for allegedly drinking before their scheduled Oslo-to-London flight, the carrier said yesterday. All three were suspended and a formal disciplinary process has begun, BA said.
          AP  -  85 words
        • 79 30 Oana-WAM [ABU DHABI] Gulf Air announced that it has signed an aircraft leasing agreement that will increase the size of its present fleet from 33 to 36 aircraft. In terms of the leasing agreement, signed with Boeing last month, Gulf Air will take delivery
          Oana-WAM  -  79 words
      • 214 30 AFP [CHICAGO] The Boeing Company said yesterday that it had concluded a deal to sell 30 Boeing 737 jets to five Chinese carriers in a transaction worth an estimated US$l.7 billion based on the planes' list price. Air China, Hainan Airlines, Shandong Airlines,
        AFP  -  214 words
      • 312 30 German carrier posts Q3 loss of 17 million euros Bloomberg [FRANKFURT] Deutsche Lufthansa, Europe's thirdlargest airline, said it expects to break even at an operating level for the full year, after earlier predicting a full-year loss, as it cuts costs and lower
        Bloomberg  -  312 words
      • 193 30 AFP [TOKYO] In a bizarre twist on the traditional attractions of pretty air stewardesses, a Japanese airline is to test-market flights with all-male cabin attendants to attract female passengers, an official said yesterday. Skynet Asia Airways is offering all-male cabin service for up to 300
        AFP  -  193 words
      • 366 30 AIRUNE COOES AAAmmnAmtns(AAL) Af to Frtnce(Afß). M to Mm (MC). AY Firm Of (PM)AZ AlUa Artnts (AZA) BA BmHtornysPittclMCo (BAWi BC Bran Bengaotsfi Artnts (BBC) A Ratal Bnrm Artms Sti BM (RBA). BO Banq Artnm (BOU) BR EVA Armys Carpi (EVA) CA to Chru (CCA) CB
        366 words
  • Page 21 Advertisements
    • 395 21 1 k Fo.p the first time in this region....™ LOW doit Aid*** SytfifOjU**. 12 -13 February2oo4, Singapore Rights of Fancy or Here to Stay leauee Addreeeed will Include: Less than a year ago, the low cost airline model was The future for low cost airlines in this region widely dismissed
      395 words
    • 17 21 ADMIRALTY CASEBOOK orapowncr csn set up -H_mi-_. M r.. nil w■■ .1 ■iNUiion IUM n tnaara PA6E2
      17 words

  • Page 22 Advertisements
    • 776 22 I TO USA/CANADA 1 I EXPORT 1 I OTHER DESTINATIONS I I rasa |vOT Pl 6 |ok<6o| KWTwi~|p TO AUBTRAUA IAmiWAUA AMA PPWWIM NonummMM 1*44 11/11 iz/ii a/11 02/12 ovn oa/12 «yi» ovi2 vksb vot eu sai pig ret 55H| stTI m am noHDuonoK 35H7 ivii ivn I ovn 01/12
      776 words
    • 376 22 Linas Mrviow i«pnwnt*i by ,j X»r». y Smgapon SlljppiWß Aaociahon COMBS/ CONVENTIONAL CAffGO ran Kuw/SMtfOH/Mura t ihwb VW ETAPKL ETA SIN PIXMALE L*y Mi »ll ail M/t2 IkUCwto 74SA 2TII M/tt Wtt Lill MAMNE SERVICES SMGAPOU PIwOMnMMMI Vfcc SMTMI SCANCHART AGENCIES SDN BHD E1 TRANSUNDO JAKARTA O.K. LINE FULL CONTAINER
      376 words

  • Page 23 Advertisements
    • 1141 23 TOEUftOK FROM EUROPE vma vor si ar «w mo han wv sou m ifwat \vot m m nm m vm i» ail ww 17/11 os/11 07/11 00/1200/12 mmtmarm suim/m */h» Afl HONGKONG NMI/I1- 10/1J 12/1201/12 ■"•555! !5 IZ^JI MX PRKKXM 012W 21/11 07/11 00/11 12/1113/12 Hl—m MR »/l« l/Wg/Jf JJ/JJ
      1,141 words
    • 1850 23 CONTAMUHta soma TO SOBTB PACIFIC ISUNO Of sbhai/warn SMurotf mowuwimi saus/oms to. ******57/aj ml tmsni/M I SUVA LAUTOKA (FUR COSTAB SHimNfi PTI LTD W«MM ooimmoio/u WKM u»un/n I !s\r as ss:#: MPennworu Morsomo: aamsom tntmi I ggMMawßosw— ntw-mtiM hulq7lSMI7O «LW w i n mi un ao un m vs/vor mwnmiiniiWitM
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  • Page 24 Advertisements
    • 690 24 KSV nCI MAC ■wqu—Masm** UCLIfIMw PocuMPnwiow/wiwiom mma? wun woitt VTSSa VOT ~W taMOM|UMW>A|rOOTIIO«|mATAW|UWiytU[A»MIi|TI«A| U>WIT»OM|COTOWOII |Af<>ft|>OMAU|aM I un— ~w/ir wit ii/h M/i? w/i? ?yi? HwNb» ¥M 70/11 01/17 M? 70/1? 17/17 14/1? 17/1? W? H/l? 71/1? W7 H/17 a—sib i mm 77/11 h/i? mi h/» <k/oi tvi? ov»i WW 38/11 17/1?
      690 words
    • 1388 24 WAN HAi NTBtNATIONAL FTI LTD a80c1444»2NN/l Vr>A TIL ***** SM (MIME) NUbttMUU HAI LINES ssxssaessssssL»«;VIBWnaftWMRIMB:«n)fIWrSBI;|M)aR7M/B*UB -L-. rftm»«nmno«Mi;mwiuß minun M »m.»I)4IS*PM.aH)4ISWB/41«W4 [sonar SHI m ini ~wn~ THEUT -am wr~~wn Iwrnn m ivii 11/11 ti/ii aa/11 xvii 27/11 77/11 w/11 wit nm wii wn rawiMlU 1147 71/11 72/11 TO I 7575/ II
      1,388 words
    • 388 24 BSA n.l MYANMA OB FIVE STAR UNE (I«n NatM UM) Lm4«| far Ym«m vDsa vox m m m fh HUM 321W fl» IfMI M7W SU M MALAYSIA: MUSTUA SMFFM6 A6BKKS KUL U-*****9M KL U-II7UIDI PBfc M-2*1207 MKttk unarm cMVEiioiAi CM vosa vor wg s* pc« m uc makhwi m sui
      388 words

  • Page 25 Advertisements
    • 907 25 IRISL, Odm a® Qfh® ffltikskstfa HsJ39j etsoofpOa tfhip&ygijfo MIB ®0 ikxsßmj {far Q® faattemsl ipoitoM fan <33 w/sW] ®a 9® (SJo§o (S&mMsa 3m otiit® (fcj&teoi? Qvaimft) Qfaim* AGENT M SINGAPORE AGENT M MALAYSIA AGENT M MDONESIA SMOSE MMVTME PTE HO BOUSTEAD SHPPMG AGENCIES SON. MO. FT SMOSE CONTI PERSAOA TEL:
      907 words
    • 596 25 i I UK CONTINENT SERVICE Loatingtor GOKCAN RTM/ATW/BMN/UK/NAN KALMA RTM/ATW/BMN/UK/NAN U>9di Snggww. EJ*L mda»l9 MIDDLE-EAST SERVICE Loadbigtor J FRIEND DeVABU/DOH/BRN/DMM/KWT RAVENA Dei/ABU/DOM/BRN/DMM/KWT J SAFE ADN/HDO/JDH Xoadi E/Af. Mojito, IndonMto USA SERVICE Ijoadngtor SEABEE CAM/NFK/SAV/NOt *Lo«to t/W. Malayan. Mrato F.E./S.EJL SERVICES S*por» Loading tor ORCHID INC/BSN J SPRING INC/BSN 1 iwla
      596 words
    • 927 25 Vffitt HL a DM JBSft _jE_zTjbZ_Z MtJ»m IMB LZZL! mlL_ Ml! lt/Ti u/ii IMJtm !Mi IIZD !IZUL_ JKM* nib M/n »/i{ lOg 19/11 10/11 MMIUTi 7 __MZI n/11 Km ncumi in* nm ii/ 11 hksmm nwi r/n nm mriMKi ma 22/11 a/n MC9ABA 199SN 14/11 >4/11 Kgj S/ii 6?ii BE^?3ST3E!?^SE
      927 words

  • Page 26 Advertisements
    • 530 26 IS ntasu 134* im/ii is-17/11 ii-avii I nams IJSM HM/II 21-21/11 0447/11 I Rtastotf 1341 15-14/11 0344/12 00-10/12 I TWasrr ijn 20-30/11 OM7/ii ij-h/ii I WaSA^ISM^IMVi^^IJIIA^^IUT/lJ I^T-™ «iS ill FSIS7TI Wm 61-tt/tt I J MUM 144 14-11/11 HH/11 0141/11 I ratswt V 7 nn/11 imi/ii 01-01/12 I _um a n-iyii
      530 words
    • 824 26 FREICHY LINKS EXPRESS PTkLTOt 51 Penjuru Road, 3 Level, V Freight Links Express Logisticentre, Singapore *****3 MaAPMKj Tel: *****511 Fax: *****577 LI E-mail: flesin@sinqnet.com.sq LCL SERVICE TO JAPAN/INDONESIA/PHIUPMNES/CHINA OSAKA KORE CSRU JAKARTA f YOKOHAMA NAOOYA SURARAYA MANILA TOKYO SHANGHAI ALL AT USD 1 .00/ SHIPMENT Booking 6267# *****4694/5535/5500/5541/5 508/5 569/5560/5563/5514
      824 words
    • 1198 26 \/fh PPZ LINES I I WCa SMAraf:TOM 1009VfWPKnv lnJlirt|it» I n I I WWICWWWIIW mtKB T» MATW. M—. TWM Mi Will 1 1MB mr ran ua mm wr ran mm mm mmmm mm m nam mm I B>—st mi i4/i» i»/n aswe »;i is/n it/n s.mmm mi u/n */u moa
      1,198 words


  • Page 28 Advertisements

  • Page 29 Miscellaneous
    • 154 29 mSSSSSSSmSBSSSSSSBBSBSBSBSmSBESSr iir <?i j&** 2«r^ Wagmam j* I i 1 1 I I #W^JBjp "a 7 ;-U X jf |L I *A\ ,ylf y f' X s x \i i- 4m > '1M" r^lZi^ Pf£<■ Wr% *PSL"* fr; fft Issued by Meteorological Service Division.NEA LEGEND: I <1 Thunderstorm Wind speed
      154 words

  • Page 30 Advertisements
    • 236 30 NOTICE BY FEEDER OPERATORS RATE RESTORATION EFFECTIVE 15 DECEMBER 2003 With the continuing increase in operating costs, the following feeder operators wish to inform the trade that the freight rates for all SOC Shipments (Laden and Empty) will be increased as follows with effect from 15 December 2003 From Singapore
      236 words