The Business Times, 18 November 2003

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Total Pages: 30
1 30 The Business Times
  • 15 1 MfTA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg TUESDAY, NOVEMBER 18. 2003
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  • 947 1  -  It narrows 03 growth forecast to 0.5-1%; cites external factors for positive outlook By Anna Teo [SINGAPORE] The economy has now surprised on the upside, having rebounded more strongly than expected in the third quarter. And going by various leading indicators, the
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  • 69 1 Dsn (-38.60) ST INDEX FUTURES 1,696.00 (-36.00) SfIHSCI FUTURES 207.70 (-5.80) Monday Change KLSECOMP 781.95 -10.28 NIKKEI 225 9,786.83 -380.23 HANG SENG _11,997.02 206.51 SET INDEX 640.84 -16.54 JAKARTA COMP _607.79 2.55 MANILA COMP .1,328.66 16.87 TAIPEI WPI 5552.12 92.45 SEOILCOMP 794.47 -15.42 SHENZHEN B 266.76 -L31 AIS7ALLORD ;l,188.40
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  • 76 1 FOREX RATES us$ S$ US$ (SS per US$) 1.721 £(l'S$/S$ per £)1.688 2.906 EURO(US$/S$/E). 1.181 2.032 YEN 109.5 63.60 RM 3.800 2.208 HKS 7.760 4.508 BAHT 39.89 23.17 Rl.TlAH 8.493 4.934 RENMINBI 8.299 4.821 INDIAN Rl'PEE 45.45 26.40 AS 1,197 0.812 NZ$ UN 0.924 PRIME RATES SINGAPORE* 5.25 MALAYSIA
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  • 431 1  -  By R Sivanithy [SINGAPORE] Fears of rising interest rates and continued weakness in the US dollar yesterday conspired to send equity markets throughout the region sharply down, led by a 3.7 per cent collapse in Japan's Nikkei to a three-month low. In Singapore,
    431 words
  • 480 1  -  Stanchart only other bidder for 36% of Koram Bank By Wong Wei Kong [SINGAPORE] Temasek Holdings has reportedly emerged as a bidder for Koram Bank, South Korea's sixth-largest lender, further signalling its interest in acquiring Asian financial assets. Besides the Singapore investment
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  • NEXT page
    • 543 2  -  Economists welcome broad-based upturn in shipments By Chuang Peck Ming JISINGAPORE] The good ,news on the economic front brought on by better-•than-expected growth in the ♦third quarter is likely to •continue in the final three •months of the year. Key 'non-oil domestic exports
      Source: DOS; Source: ES pcs  -  543 words
    • 454 2  -  By Kalpana Rashiwala [SINGAPORE] The maiden tender for land parcels on Sentosa Cove has attracted keen interest, with about 400 packets sold in the three-and-a-half weeks since 22 parcels for bungalow, terrace and condo development were launched, BT understands. The interesting mix of overseas
      SENTOSA COVE  -  454 words
    • ON THE grapevine
      • 114 2 HEAR, hear. Budget travellers on Air Asia flights to Phuket and the rest of Thailand later must be aiort all times. There may not be any public announcement of the Malaysian no-frills carrier's departure and arrival details at Thai airports. This is because Air Asia is in the
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      • 119 2 THE Seizert Hershey Economic Outlook and Market Comments had this to say in its October newsletter: "The way investors have bubbled with enthusiasm for lower quality and cyclical stocks in hopes of an economic recovery reminds us of high school kids preparing for the homecoming dance. For months,
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      • 159 2 RICHARD Russell, author of the Dow Theory newsletter, recently said of the US Federal Reserve's approach to economic stimulation: "In a normal market, you have a number of sensible or reasonable choices. You can buy stocks, a home, bills, notes, bonds or all of them.
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    • 57 2 WE refer to the Hock Lock Siew column "Timely reminder on IPO due diligence" (BT, Nov 14). The references in the article to practices undertaken by some Chinese companies were not in any way meant to explain why FibreChem's IPO application was cancelled by the Singapore Exchange. We regret
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    • 569 2  -  Three S'pore power companies have switched to diesel to fire their combined cycle plants By Ronnie Lim [SINGAPORE] Power stations here are anxiously watching the glitch in Indonesian natural gas supplies to Singapore due to a pipeline leak, but say
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 433 3 SINCERE THE WATCH SPECIALIST A mechanism initially invented to tell time in the dark, the Repeater A mechanicalh complex movement, the sought-after lourbillon maris now a collector s prized possession. Alter sliding and releasing a velloush compensates the negative effects ot the earths gravitation on lexer on the easing, a
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  • Page 4 Advertisements
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  • SINGAPORE companies
    • 567 4  -  Paffles Holdings to become 100% owner after purchase of 43-33% stake By Andrea Tan AFTER Robinsons and Fraser Neave, OCBC is now planning to divest yet another brand name from its stable. This time, it's the grand old dame Raffles
      FILE PHOTO  -  567 words
    • 523 4  -  HOCK lock siew al labita SINGAPORE'S Keppel Group may just have to work out an out-of-court settlement with taipan John Gokongwei to end their protracted legal tussle over ownership of a Philippine shipyard. For one, the court battle has dragged
      FILE PHOTO  -  523 words
    • 550 8  -  Cat in bos services, North-East Line to blame for profit diving to $1.5m By Serena Ng SBS Transit could be in danger of falling into the red this year, with the moneygobbling North-East MRT Line (NEL) having sent its third-quarter profit diving more
      FILE PHOTO  -  550 words
    • 368 8  -  By Kenneth Lim WITH a 26.7 per cent year-on-year net profit gain for the third quarter, 27-year-old Raffles Medical Group may have safely removed the scars of its only full-year loss in 2001. The results mean Raffles, which only started quarterly reporting this
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    • 573 8  -  Profit hits $67.5m on sale of non-core businesses, foreign exchange gains By Serena Ng HEALTH tonics and supplements group Cerebos Pacific is paying out $50 million, or 16 cents per share, in dividends after reporting yesterday a 64 per cent
      Source: Bloomberg; ARTHUR LEE  -  573 words
    • 230 8  -  By Chen Huifen IN an attempt to gain a stronger foothold in the government sector, mainboardlisted Frontline Technologies Corp yesterday an* nounced that it has acquired a 30 per cent stake in Ecquaria Technologies Ltd for $5.5 million. Frontline will pay
      230 words
    • COMPANY Briefs
      • 57 8 MAGNECOMP International Limited has made an impressive turnaround, reporting a net profit of $7.4 million for the third quarter 0f2003, against a loss of $4 million for the corresponding period last year. The group recorded turnover of $88.2 million for the third quarter, an increase
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      • 81 8 OAK WELL Engineering said Canadian-based firm Energy Power Systems (EPS), now known as EnerNorth Industries Inc, has filed an appeal on Nov 13 against a High Court decision. The court last month ruled in favour of Oak well on its dispute with EPS over a
        81 words
      • 34 8 HIAP Moh has appointed Paul Wong Pao Lu as its group chief executive officer. Mr Wong was chief operating officer of SNP Corporation Ltd before taking the new appointment.
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      • 53 8 AMARA Holdings said it received an overwhelming response to the launch of its new residential project. The Linear, a seven-storey, 999-year leasehold development comprising 221 units. Seventy per cent of the S3 units under Phase 1 at an average of $570 psf were snapped up
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      • 62 8 AP COMPUTER network integrator Datacraft Asia Ltd is expected to announce a second consecutive annual loss today due to tough business conditions and restructuring costs, analysts said. It is expected to report a loss of US$l4.l million for the year ended Sept 30, according to
        AP  -  62 words
      • 158 8 Bloomberg SINGAPORE Airlines Ltd, the world's second-largest carrier by market value, said it filled less overall space on its planes in October, the 10th straight month of declines, because it hasn't restored all flights cancelled during the Sars outbreak. The airline filled 70.6 per
        Bloomberg  -  158 words
    • 516 10  -  It says it is able to obtain adequate funds to continue as a going concern for foreseeable future By Serena Ng SESDAQ-LISTED ei-Nets has lost its appeal against a High Court ruling that ordered it to pay substantial damages for wrongful termination of a
      FILE PHOTO  -  516 words
    • 249 10 Reuters GERMANY'S Deutsche Bank and Singapore's OCBC Bank Ltd said yesterday they had created a US$l billion synthetic debt deal backed by investment grade assets issued by US and European companies. The deal, known as a synthetic Collateralised Debt Obligation (CDO), will have two
      Reuters  -  249 words
    • 391 10 [HONG KONG] Flippers and swimming trunks rarely make it into the luggage of fund managers. But in the run-up to the listing of Banyan Tree Hotels Resorts, Asia's most famous chain, they are a must. According to the Financial Times,
      FILE PHOTO  -  391 words

  • Page 5 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      630 6  -  Compiled by VEN SREENIVASAN Hwar A Naavt nw 17 dMi« $il«o RESULTS were in line with our expectations. Net-profit before exceptional grew 21 percent to $273 million, in line with our estimate of $269 million. Including the exceptional gain of $60 million largely profit from the sale of
      Source: Bloomberg  -  630 words
    • 270 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE current market consolidation can be viewed as a sign to cash out and run or an opportunity to stock-pick. If you take the latter view, this is a good time to engage in a spot of bargain-hunting,
      Source: Bloomberg  -  270 words
    • 532 6  -  BT comment STOCKS r. sivanithy TEN years ago, it was an unexpected interest rate hike by the US Federal Reserve that slammed the brakes on the bull rim of 1993-94. Now, it appears that even without rates being raised yet, investors are trying
      Source: Bloomberg  -  532 words
    • 635 6  -  BT comment CURRENCIES But gains trimmed by weaker yen; gold reaches fresh highs larry wee THE Singapore dollar spiked to its highest level in six months against the US dollar in morning trading yesterday, but its gain over the course of the
      Source: Reuters  -  635 words
    • TRADES TO WATCH
      • 116 6 CITIGROUP Financial Products has acquired a substantial 5.48 per cent stake in investment firm BIL International from Credit Agricole Lazard Financial Products Bank in a cross-trade on the Singapore Exchange at 72.5 cents per share. Hie 75 million share transaction, done on Nov 14.
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      • 123 6 ONE of See Hup Seng's biggest shareholders, Meadow Springs Enterprises, has further reduced its shareholding in the engineering group following the sale on Nov 14 of 220.000 shares at 36.17 cents each, a hefty premium to its acquisition price. Meadow Springs, which is linked
        123 words
      • 81 6 COMMERZBANK has emerged as a substantial shareholder of construction group Tiong Woon Corporation Holding, following an open-market purchase on Nov 12 of l.B million shares at 45.7 cents per share by its fund management unit Cammerzbank Asset Management Asia. The German bank now holds a
        81 words
      • 74 6 LTM Yong Wah, the chairman of baggage handling systems specialist Inter-Roller Engineering, bought 113,000 shares at 72 cents apiece on Nov 14 a day after the company reported sharply higher net earnings and sales for the nine months ended September. Mr Lim's open-market purchase has raised
        74 words
      • 98 6  -  Compiled by SERENA NG LlOW Keng Teck, an independent director of Jurong Engineering, exercised options for 12.000 shares at an exercise price of $1.11 each on Nov 12. Based on the stock's closing price of 1288 yesterday. Mr Liow is sitting on a paper gain
        98 words
    • Article, Illustration
      393 6 OTHER SINGAPORE INDICES Nov 17 VALUE CLOSE -966.00 -488.00 BTCOW -*****.00 -252.00 -*****.00 -97.00 mmU0trn 458.91 -10.53 nrpliinict 169.26 -4.54 mHMmm 1432.04 -47.17 nwamfm 432.30 *75 WKIIfcipUM 207.92 -5.67 Stock* Vohne BeautyChina HKIO 160.023,000 Chart SemiCond 26c 36.275,000 HorizonEduc 5c 13.634,000 ST Assembly 25c 12.514,000 NOL *****,000 SingTel 15c 11,367.000
      393 words

  • SMALL caps
    • 836 7  -  New owner has a blueprint for its revival, says WONG WEI KONG WONG WEI KONG IS Singatronics finally awaking from its long slumber? Not many today realise that when Venture Corp and Nat Steel Electronics (NEL) were still fledgling companies, 'Singatronics was already an established
      836 words
    • 485 7  -  By Teh Hooi Ling THE last five trading sessions have been very trying for investors, with the market alternating between buying and selling in quick succession. Yesterday, the market ended lower compared with last Monday. The Straits Times Index fell 2.5 per cent, while
      485 words
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    • 402 8 T» advert** call toll free IMP 289 8821/B—ll: «otke»»«pfcxe»^ IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF U CHI WA HOLDINGS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF HNAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act.
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  • Page 9 Advertisements
    • 80 9 This announcement appears as a matter of record only and has been approved and/or communicated NoV6mb6r 2003 by Deutsche Bank AG London and Singapore. 4 -4 -Jl 49 A 4 '•4 1 OCBC Global Investment Grade CDO I p j > USDI,OOO f OOO f OOO *4 I I Arranger
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  • Page 10 Advertisements
    • 118 10 Harrods Christmas 2003 *1 GOOD TIDINGS FROM HARRODS 1 ft* •I At Harrods, a hamper turns any occasion into a celebration, and at Christmas it can bring untold magic to your festive table. Our wide range of hampers and gift boxes all share one *4 thing in common: the sumptuous
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    • 462 10 <a^O(MVV Land of Rising Opportunities Doing Builnau In Japan Seminar Japan*!* Local Oov*mm*nt Showcat* November 27,2003 (Thursday} Meritus Mandarin Hotel, 4th Floor, Mandarin Court 'Registration: 8.30 am tor Seminar Admission: By registration on first-come-first-served basis Organisers: JETRO Singapore, Japan Local Authorities Representative offices. International Enterprise Singapore, Singapore Manufacturers' Federation Economic
      462 words

  • SINGAPORE news
    • 543 11  -  MAS: second-hand insurance policies not suitable for small investors By Wong Wei Kong IN a notable departure from its non-prescriptive policy, the Monetary Authority of Singapore has decided for now not to allow secondhand insurance policies to be sold to small investors because of
      543 words
    • 135 11 INTERNATIONAL Enterprise (IE) Singapore aims to attract 20 foreign economic and trade bodies here over the next three years. Called the IE Hub Initiative, IE Singapore will help these foreign organisations to get government permits and licences, and to participate in
      135 words
    • 639 11  -  He'll explore new areas of bilateral cooperation with Chinese leadership By Loh Hui Yin PRIME Minister Goh Chok Tong leaves today for a working visit to China at the invitation of his Chinese counterpart, Wen Jiabao. Mr Goh will be accompanied
      639 words
    • 376 11  -  EYE on the economy By Kenneth Lim SINGAPORE'S non-motor vehicle retail sales in, September lagged last year's levels for th£ eighth consecutive month but economists say a recovery is still in sight. "The picture of the' overall economy is supportive that
      Source:  -  376 words
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  • FOCUS property
    • 624 12  -  BT exclusive Its new condo along S'pore River selling at $830-840psf By Kalpana Rashiwala HOTEL Properties Ltd (HPL) has exhausted its Singapore land bank after releasing this week its 36-unit Robertson Blue along the Singapore River at an average $830 to
      ARTHUR LEE  -  624 words
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    • 216 12 Sotogrande, Europe's leading luxury and self- Luxury units range from 2to 4 bedrooms with contained resort, is set amidst 2,000 hectares superb views near the beach. (4,500 acres) of wonderful Andalucian countryside. Facilities include: 109 holes over four golf courses, ■Kyß polo grpunds, tennis courts, beach clubs, sailing, I Lyg
      216 words

  • Page 13 Advertisements
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  • REGIONAL news
    • 430 13  -  SINGAPORE It launches maiden trip today, with tickets for the rest of the year set to be snapped up as well By Ven Sreenivasan INDONESIAN low cost carrier Lion Air starts its inaugural Jakarta-Singapore flight today and has sold out all its tickets on
      430 words
    • 148 13 KUALA LUMPUR Bloomberg MALAYSIAN tycoon Syed Mokhtar Al-Bukhary's GIIG Capital Sdn is still planning to buy a stake in the Bakun hydroelectric power project from the Malaysian government, the joint owner of GIIG, Mohamed Ali Alabbar, said. "Everything is moving as scheduled," Mr
      Bloomberg  -  148 words
    • 354 13 KUALA LUMPUR Move aims to enhance profit and free up cash Bloomberg Bernama SUNWAY Holdings Inc, a Malaysian property group, said it will take its construction unit private for 2.73 Malaysian ringgit a share, in a cash and stock transaction worth as much
      Bloomberg; Bernama  -  354 words
    • 359 13 KUALA LUMPUR AFP BRITISH retailer Debenhams marked its debut in Asia with the launch yesterday of its first department store in Malaysia's largest shopping mall, and said it planned to expand to Indonesia, Thailand and China. Spanning four floors in the newly-opened Berjaya
      AFP  -  359 words
    • 370 15 BEIJING Five major probes launched as property boom fuels corruption among govt officials Reuters CHINA has launched five major investigations into the illegal use of property, official news agency Xinhua reported, amid a series of land scandals that have embarrassed the ruling Communist
      Reuters  -  370 words
    • 273 15  -  From Diana Ooo Abdullah in Kuala Lumpur MALAYSIA'S International Trade and Industry Minister Rafidah Aziz yesterday confirmed that the Statistic was revistagoqffert numbers for Sepas errors jpSfiiMnade in previously announced data. "There was no decline. As soon as the Statistics
      273 words
    • 263 15 SHANGHAI Reuters CHINA has frozen the bank accounts of debt-laden Xinjiang Hops Co Ltd and its subsidiaries, the company said yesterday, after the chairman vanished, pushing its share price into a nose-dive. Xinjiang Hops' Shang-hai-listed shares have lost 65 per cent of their value
      Reuters  -  263 words
    • 520 15 BANGKOK Collateral rule for retail investors to curb speculation Reuters THAILAND'S decisions to cool bullish stock and property sectors won support from analysts yesterday as timely pre-emptive moves for deflating any bubbles before they emerge to derail the economy. They welcomed a move
      Reuters; AFP  -  520 words

  • EDITORIAL & opinion
    • 773 14  - Asians aren't dumping US Treasuries —yet THE bottom line OPINION william pesek jr Bloomberg AFTER months of beating up on Asia's currency policies, US Treasury Secretary John Snow has gone eerily silent on the subject Why, isn't hard to figure out The world's largest economy /is addicted to the hundreds
      Bloomberg  -  773 words
    • 79 14 'Self-service machines never call in sick. You don't have to worry about scheduling issues, you don't have to worry about vacations.' -Greg Durek of a retail technology research firm, on why many people prefer using answering machines than talking to people. 'Hypertoxic rat poisons have become a
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    • 554 14 EDITORIAL BY ANY measure, the fraud involving some 1.7 trillion rupiah (S$345 million) that disappeared from Bank Negara Indonesia (BNI) ranks among the worst banking scandals to hit the country in recent times. Not only does it involve Indonesia's largest state-owned bank, but according to
      554 words
    • 1062 14  -  It is short-sighted to skimp on staff development in an uncertain economy. A symposium this Friday will show what forward-looking companies are doing By Noel Goh WITH unemployment rates in Singapore rising to 5.9 per cent in the third quarter, the overall economic
      FILE PHOTO  -  1,062 words
    • 215 14  -  MAIL bag Shoe Hung Yee Corporate Communications Manager Mapletree Investments Pte Ltd WE refer to your report, "Capita Land to manage Harbour Front Mall" (BT, Nov 13) by Kalpana Rashiwala and would like to make a clarification. In the article, Ms Rashiwala wrote that, "BT understands
      215 words
  • Page 14 Miscellaneous
    • 222 14 CRYPTIC CROSSWORD spanner (7) 22 extras must return here j 24 Jelly with a pungent flavour week! (7) ch®nty 28 DiKL^Jl 0 th f^ on attended liberated (7) Across: 1 Papaver, 5 Volumes, tessons (7) 15 Grave offence committed by 9 Nominal, 10 Nowhere, 11 Irv DOWN men at home
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  • Page 15 Advertisements
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  • REGION world
    • 320 16 SEOUL Singapore used as benchmark for Incheon, Busan and Gwangyang SOUTH Korea has vowed to become more competitive than Singapore in an attempt to stem the decline in foreign direct investment in the country, UK's Financial Times reported. ll FT cited
      REUTERS  -  320 words
    • 509 16 HONG KONG Regulators seeking more information to improve disclosure in insurer's prospectus Bloomberg CHINA Life Insurance Co, the country's largest insurer, delayed marketing what would be the world's biggest initial stock offer this year, because US regulators haven't cleared the
      Bloomberg  -  509 words
    • 208 16 BANGALORE AP THE World Bank plans to move more of its back-office functions to its centre in southern India, a newspaper reported yesterday. The bank, which began doing some of its routine back-office work such as payroll accounting in Madras two years
      AP  -  208 words
  • 17 16 UNIT TRUSTS FUNDS LJGtWD £mcuJI«D M SSjuiiaii Hy Wrt. Hywr WiM» U♦ wiT Won P»»lng£y Woo> McrSSOflS
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  • Page 16 Advertisements
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    • 138 16 1 i ft Jf Sifkiu Ihlu lesturut ExQuism Dian Xin Set Lunch Menus At Si Chuan Dou Hua Restaurants You may now enjoy two exquisite dlan xin set lunch menus either at Si Chuan Dou Hua Restaurant, Plaza PvkroyaiarTopofUOßPlaza. You won't be disappointed by our chefs specialties such as Sichuan
      138 words
    • 65 16 ~1 THE NEPTUNE V COlllll Q. UA V 15% SAVINGS ON LUNCH* Now till 30 November 2003 Enjoy dainty Dim Sum and excellent Cantonese delicacies at a great value, for a limited time only! Reservations: 6224 3203 "•Offer is vmUdfrom Momdmf to Smtmrdm/ (Exdumng PubHc Hobdays) omm om Managed by
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  • Page 17 Advertisements
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      1,201 words
    • 272 17 Good Times Fly Save up to Wh on ANA Economy Class when you fly MttMaTrianteßHn SikAtaL Ik. mm Busings Pass Economy Oas Shanghai kSft» frSs2!l6o I JL. > 1 Taipei fr. 553.670 fr.S$l.6GO Wg I (mm W IB Hong Kong fr 553.620 fr.551.660 V# V '11 Bangkok fr 552.970 fr.SSI.SIO
      272 words
  • WORLD news
    • WORLD Watch
      • 72 17 Bloomberg [NEW YORK] Travelers Property Casualty Corp and St Paul Cos have agreed to combine in a transaction worth about US$l6.l billion to form the second largest US commercial insurer. The combined company, to be called The St Paul Travelers Cos, based in St Paul,
        Bloomberg  -  72 words
      • 83 17 Bloomberg [NEW YORK] Americans who own stock mutual ftinds are charged annnai management fees of about US$lB billion, twice the amount they should be paying. Individuals pay US$56 in fees for every US$lO,OOO in equity mutual funds, double the US$2B paid by institutional investors
        Bloomberg  -  83 words
      • 77 17 Reuters [DUBAI] The Gulf Arab emirate of Dubai is planning to build what it says will be the world's largest shopping mall by November 2006. Real estate firm Emaar said that the 836,100 sq m Dubai Mall would be as big as 50 football pitches
        Reuters  -  77 words
      • 89 17 Reuters [NEW YORK] Microsoft Corp plans to roll out a song-downloading service next year that will rival offerings from Apple Computer and Roxio Inc's Napster, the Wall Street Journal said. A company spokesman confirmed that Microsoft's MSN Web site will have such a service
        Reuters  -  89 words
    • 404 17 LONDON/NEW YORK Part or all of his publishing empire could be pot op for sale, says company Reuters, Bloomberg PRESS baron Conrad Black is stepping down as chief executive of publisher Hollinger International after the discovery of US$32 million in unauthorised payments to
      Reuters,; Bloomberg; Source: Re The Times  -  404 words
    • 312 17 LATEST US DATA AP, Reuters [WASHINGTON] America's businesses which have been keeping supplies fairly lean boosted their stockpiles of unsold goods in September for the first time in six months. It is a sign that companies may be feeling more confident about the economic
      AP,; Reuters  -  312 words
    • 462 19 TOKYO Chipmakers caught offguard by rise in demand for flash memory chips Bloomberg CONSUMER electronics makers such as Matsushita Electric Industrial and Royal Philips Electronics say a shortage of chips used for storing data may cap sales of camera phones and other digital
      Bloomberg  -  462 words
    • 348 19 SEOUL Reuters PENTAGON adviser Richard Perle has been cleared of any violation of conflict of interest laws in his private consulting business, US Defence Secretary Donald Rumsfeld said on Sunday. Mr Rumsfeld issued a statement to reporters travelling with him in South
      Reuters; BLOOMBERG  -  348 words
    • 381 21 IRS estimates US$85b in potential tax losses Reuters [WASHINGTON! Accountants, bankers and lawyers have aggressively marketed abusive tax shelters to US taxpayers at a cost of billions of dollars to the US Treasury, according to a Senate report released yesterday. Senator Carl
      Reuters  -  381 words

  • Page 18 Advertisements
    • 163 18 Located on the Southern tip of Malaysia, just 17 miles from Singapore, Senai Airport benefits from a modern rail and road network, a world class IT infrastructure, and a lower cost of operations. Learning From Our Partners We understand the importance and value of listening, and i we have been
      163 words

  • Article, Illustration
    1041 19 Transaction dale: Nov 17 MTERBAMK CROSS RATES A$ C$ faro HKS Indts **Uk Van lw M Wb SS land Sir m W Hmt USS Australia 0.934 5.940 0.606 5.554 32.530 60.789 0.784 8.463 2.720 1139 40.900 ***** 1232 4527 0.948 ***** 28.550 0.424 1716 Canada 1.071 6.363 0.649 5.950
    1,041 words
  • 1541 19 SICOM FUTURES Nov 17 RUBBER Fvturas (Ctotoq prim) tSS 1 (S ceotsAfl) Ck*e Vol—I Open Hoat» Hkjh Lot Sett (tonnes) Interest Dec 03 216.25 Jan 04 ***** Feb 04 215.50 Mar 04 ***** RSS 3 (US ceotaAq) Votame Open Mont* Htyi Lot Sett (tames) Interest Dec 03 124.00 123.50
    1,541 words

  • 6 20 Transaction date: Nov 17
    6 words
  • 5 20 Transaction date: Nov 17
    5 words
  • 650 20 Transaction date: Nov 17 m f*m Uf-W **> 10® 0J» iW *«B C*c «77 M09 «1J» OOC MB 1U00 -OJBO CMUM) U3 15* out UDO OJBO MMCMIk IB VBO 0M» Hrto*»Hlfc OS1 t«DO OlyL*.V> 1» 5*>e «JOD >K«) food MKSk 0-M 1KB 4MB MnMmA ID aw .OA* wTtc 11*
    650 words
  • 590 20 BONDS WARRANTS fnm Entry T«| Last Vol Cam bar Hk tar Mtfc> Catt C.fwy *4h «f- ffW> Ma H >* *se ASTIW*****1 as -1-5 106 I 16 3 154 7 3697 AanaLtdMMIHC 1 unch 1000 1 50 467 9 00 12 3602 Amtek W0S0610 1» -2 6 1 33 1
    590 words
  • Page 20 Advertisements

  • 6 21 Transaction date: Nov 17
    6 words
  • 63 21 W L"« WOay LMQmU CfDhr Dm ftVW Mat MCj> I— C»4» Cnwpmj M» W- Cm* I— >■»» Cw Wi >3 8780 M 6065 Diamonds IBM 2120 3750 3740 6095 ISOJUSIMi US3740 6097 rs MSG Spore US5SS 6101 ISSAP500 U***** *50 9650 6170 SPO«S U***** 1116 1230 6235 STIETT100
    63 words
  • 1853 21 H« M Lart M Day LMQaate MM* Dn GrTId MM MCa t— C*» Cam—mi Sate W- £88g L—r ggr i+m Or W lii 26 7.5 5000 AM HldgsSc 19.5 *1 65 195 185 19 19.5 37* 42 129 2101 APCMSc 285 -1 287 29 28 28 28 5
    1,853 words
  • 330 21 SH* M LM M Day Liq»»li Grow Ofe GrVM MM MCja t— u*» c—> w- rw> i— i— M« or m «a 193 91 6000 AVJcmngsA25c Al86cd 3 19 188 186 186 189 40 U 5.4 7.1 4003 6001 Cathay Pac 20c HK720 265 2.1 7>4 6 *****J
    330 words
  • Page 21 Advertisements
    • 79 21 1 n Tonight time does not exist BlancpaiN MANUFACTURE DE HAUTE HORLOGERIE C, (jRaffles City #01-36 Tel: 6339 9185 Millenia Walk 101-62/65 A Tel: 6339 1728 V The world's thinnest Paragon #01-13 Tel: 6235 0084 /vucdine ALAIA. Fuhaon Designer. Pans. Flyback Chronograph. Lucky Plaza #01-32 Tel: 6734 3668 Water-res,stant to
      79 words

  • FOCUS enterprise
    • 753 22  -  CerealTech, micro-ingredients specialist guns for foreign business and mulls listing, says Daniel Buenas Daniel Buenas FOO Ko Kin has big dreams for little things. To be exact, he has big dreams for micro-ingredi-ents, which are ingredients used in small amounts in the food and baking
      ARTHUR LEE  -  753 words
  • Page 22 Advertisements
    • 10 22 DBS VICKERS SECURITIES o UOBKayHian I Capital Securities Corp macquarie
      10 words
    • 118 22 I Kr 0» British Virgin Islands Cayman Islands Bahamas Mauritius —11— 1 Hongkong 11 Samoa Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate j planning. For further information and immediate service please contact Marie Lim or John
      118 words

  • SHIPPING TIMES
    • 272 23 Reuters THE Baltic Dry Index fell 64 points to 4078, the Baltic Capesize Index fell 165 points to 5984, the Baltic Panamax Index fell 16 points to 3815 and the Baltic Handymax Index fell 105 points to *****. TEKE-GHAKTEBi Crown Star (built 2002) ***** 13.8 on 34 0.3
      Reuters  -  272 words
    • 274 23 S6X '000 Nov 17 St W- Vol CHOffehorc 037 unch 3522 Chuan Hup 0.50 unch 80S Coko Investment 057 -0X3 2399 CWT Distribution. .0.55 -0X1 36 EzraHkta 0.99 0X2 1397 Ffwght Ljr*s O09 -0X1 1420 GBHotdmgi 069 inch 0 Java Holdings 0 77 -0X2 2291 KfVentur* 0.22 unch
      274 words
    • 711 23  -  But H1 results of NYK, MOL, K Line hit by rising fuel prices, stronger yen By Beth Jinks [SINGAPORE] Business boomed for Japan's three major shipping lines Nippon Yusen KK (NYK), Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (K Line) in the
      711 words
    • 204 23 AFP [SAINT NAZAIRE, France] The French prosecutor looking into Saturday's accident on the passenger liner the Queen Mary has opened a judicial investigation into "involuntary homicide and injuries", he announced. "It is too early to start speculating on the causes of this
      AFP; AP  -  204 words
    • PORT Shots
      • 113 23 Bloomberg [SEOUL] Hyundai Merchant Marine, South Korea's second-largest shipping line, reported a profit in the third quarter helped by a rise in cargo rates. Net income was 1113 billion won (*****.9 million) in the three months ended Sept 30, operating profit was 118.2 billion won
        Bloomberg  -  113 words
      • 90 23 Bloomberg [SEOUL] Hyundai Heavy Industries, the world's biggest shipbuilder, said orders for ships, offshore oil and gas production facilities and other equipment more than doubled in the first 10 months of the year. Orders in the January-to-October period rose to US$B.B billion from US$3.5 billion in
        Bloomberg  -  90 words
    • 243 23  -  By Beth Jinks [SINGAPORE] Malaysia's marine police chief has vowed to keep the country's waterways pirate-free with tighter patrols, after 10 months of no attacks reported to officials in its territory. SAC II Muhamad Muda said closer watch of Malaysia's ports and
      243 words
    • GREEK shipping
      • 759 24 Prestige sinking leads heirs of legendary Greek shipping tycoon to consider the industry too risky AFP [ATHENS] THE international shipping scene is losing one of its legendary names: the heirs to Greek tycoon Stavros S Niarchos said they are pulling out of shipping because
        AFP; REUTERS FILE PHOTO  -  759 words
    • 3 24
      3 words
    • 4 28 THEBU SINESSTIMES
      4 words
    • SHIPS IN PORT
      • 597 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL C J NIA 3-16 09/03 J7 A/SIDE 18/*****0 SHENGHO 13/11 J23 A/SIDE 18/11 1200 ZIM KOREA 45W J17/18 A/SIDE 18/11 0700 ATLANTIS 7 A7174 J3 18/11 1800 19/11 0700 BAYSWATER118 E3266 J3 18/11 1800 18/11 2359 BT AM AN
        597 words
      • 2 29
        2 words
      • 129 29 Nov 25 Singapore: Hari Raya Puasa. Malaysia: Hari Raya Puasa Dec5 Thailand: King's Birthday. Deo 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 28 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas Day. Brunei:
        129 words
      • 449 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
        449 words
      • 5 29 u/t
        5 words
    • AIR & LAND transport
      • 491 30 British celebrity architect wins int'l competition for US$2b airport Reuters [BEIJING] Beijing unveiled plans on Sunday for a US$2 billion airport terminal designed by Sir Norman Foster, the latest celebrity architect the 2008 Olympic hosts have hired to help remould a
        Reuters; REUTERS  -  491 words
      • 270 30 Reuters [ZURICH] Swiss International Air Lines lost 613 million Swiss francs (*****.56 million) in the first nine months of 2003, a Swiss paper said, amid revenue losses on its no-frills, cheap-fare business. A spokesman for Swiss declined to confirm the figures published in the
        Reuters  -  270 words
      • 631 30 Production of the mid-section to be moved overseas for the first time Bloomberg [CHICAGO] Boeing Co, the world's biggest aircraft maker, will let three Japanese contractors make the wings for its latest jetliner, moving production of the section overseas for the
        Bloomberg; BLOOMBERG NEWS  -  631 words
      • 339 30 Official report said to blame pilot for failing to slow his descent AP [HONG KONG] China Airlines is contesting Hong Kong's finding that a pilot failed to slow his descent as he tried to land here in a jet that flipped over and
        AP  -  339 words
      • 144 30 Reuters [KUWAIT] Kuwait has moved to open up its airline sector for competition as the oil-rich Arab state approved establishment of private passenger and no-frills carriers and freight companies. "The Council of Ministers has approved granting licences for the establishment of air freight companies, passenger
        Reuters  -  144 words
      • LOG Book
        • 71 30 [SINGAPORE] Silk Air, the regional wing of Singapore Airlines (SIA), will suspend its twice-weekly service to Chittagong from January. A Silk Air spokeswoman said as a result of streamlining the airline's operations, flights to Chittagong will be suspended while it continues with its daily services
          71 words
        • 102 30 Bloomberg [VIENNA] Austrian Airlines Group cancelled five flights yesterday morning after pilots and flight attendants staged a 15-minute strike to protest cost-cutting plans by management. Austrian cancelled flights to Prague; Bucharest, Romania; Amsterdam; Rome, and Bologna, Italy, yesterday morning after pilots and cabin crews went
          Bloomberg  -  102 words
        • 76 30 Bloomberg [DUBAI] Emirates airline, which plans to more than double its fleet to 120 aircraft by the end of decade, will fly to Scotland for the first time next year as it seeks to expand its network in Europe. The Dubai-based carrier, which already
          Bloomberg  -  76 words
        • 57 30 Bloomberg [NEW DELHI] India delayed naming an adviser for its plan to lease the airports New Delhi and Mumbai to non-state companies as the government tries to upgrade facilities and boost air traffic. The government will now hear proposals from candidates for the adviser's position
          Bloomberg  -  57 words
      • 365 30 AHLME COOES M Amancan Amtnm (AM.) Af Am Franca (Am. M A* Ma (AC). AY Feeam Of (M) Al AM*aArlam(AZA) HMVmts PubicLHOo (BAW). BG Bmtn b«MM Aram (BBC) Bt Rofat Bnmai Artnes S» BhD (RBA) BO Bora) Aram (SOU) BR EVA Arrays Corn (EVA) CAArOani (CCA).
        365 words
  • Page 23 Advertisements
    • 436 23 China Air disputes findings over crash BACKPAGE Japanese<»ntractonLtaME Kli tJ._J make wmgs for Boemg s7E7| JEIfl f BACK PAGE n Greek tycoon's heirs J puN out off shipping HHM^K PA <* l M people a Singapore Aircraft Leasing Enterprise (Sale) has added its first independent director, appointing Andre Cohen as
      436 words

  • Page 24 Advertisements
    • 617 24 ITmport I NORTH AMERICA AUSTRAUA/NEW ZEALAND u. 1,, i —i i ooauuranH P™S «V» isTn 5! 52 s__!s J«_ NO NBUOTD SOtfTNAMTON J7W45 12/11 SI/11 12/12 NO«#STA» 24M M/ 11 19/11 12/11 14/11 11/11 23/11 25/11 OOdOMA MW44 19/11 07/12 09/12 NTK PtM 49N OMT 17/11 19/11 21/11 2S/11 M/ll
      617 words
    • 431 24 t* linn MrvicH rapfwanted by Member* J the Rag.*y of Acawited Shipping Agenh, SSZ. S<ngapor» Shipptog AssocicAon g ULY UNi MJMuT rasa m m rot eu A P.KUW6 SWB MU Emorea Lily 0603 20/11 22/11 01/12 Mold Carrier 743 A 29/11 01/12 10/12 PrincwsLily 1103 08/12 10/12 19/12 Mold Star
      431 words

  • Page 25 Advertisements
    • 959 25 TO USA (SAX SERVICE) VKffl W! SMttt l« OH Ml HOP Oi COt f 1 W< APiHOUAMP mi m/h n/»L Jj/lj. -Si4n~ ~iimin MGUND 1231 03/12 1«/1J 22/12 23/12 23/12 23/12 23/11 B/» 2*/12 24/12 jg HiiTlw Is/IT lyiT w/12 nfn w/12 •I/;; >i/>; AfISanUMD 1221 17/11 11/01 >5/01 tt/>l
      959 words
    • 1004 25 CflHtM MOTS 9MIPOM: 44 «0«BM BMIM4 HL44IIKM7/43 «Wj» costaesSSWram irsnrs. SSOff tSSS 3S3S dttIIWMIM T/WW *****415 41*5114/44 Mwrnww. OMVBmOMI MItiUI *****144 conuMaac wsmm ra_ omsmim hulimsmiw MONTHLY CONTAINERISED SERVICE TO SOUTH PACIFIC ISLAND OF mm pwq) laaiPßSini pn»iD 1. MALAYSIA AGOTS (CONUMa SOVKD COSUW (H) SON WD TIL 01-*****1* (UJ
      1,004 words

  • Page 26 Advertisements
    • 458 26 95^1A lIMUWiIrtWOMNOfc WTOM BUb wiwi-*uul: W<Mwi b— ISSfI 1/EbmMW OOCmHTWIOWOWMnONt: H3MH7 FAX: MM0177 Will 111 am ww mum Kmtßjm umvn i bum iw» commit HH.fi- 11W M/ 11 H/H 10/T? t 53/12 WTT K7T7 wiiiifciifcii 11 o!7fi «7i? TT7fJ I »/u Hii I Il7ij Qyk a» aft? 5/i?m/t? I —o*7ol
      458 words
    • 46 26 BVESSEL |NO I PKL I SW |AAAU OO J STM 544 11/12 ***** lOT I mi"B W 1 111 I M SCHEDULED SAILINGS TO I COLOMBO UMBER, BREAKBULK PROJECT CARGO HvSbocno?m^a^lMfc^^ra3S3^^| Thrill SMmvd SUmH «|MdM h« M H hfc *****1 ft hx: *****400/*****979 hrt% IMMHrUMUiM 1
      46 words
    • 622 26 WX WAN HAI LINES. Td: 6226 ISSB Fax: 6224 1163 r r 1 w -A c' •y*'*.-'A r INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: NHAVA SHEVA CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY «j- > •fi 'Skj .-a ■>*,:. For more details, call HOTLINE: 6226 1588/ 1800-*****00
      622 words
    • 410 26 i BSfl a. MYANMA FIVE STAR UNE mtmrnm MM IM tiiin far Tfi vrssa vot an m m rot hum mw su •Mil M7W 0» IN MALAYSIA: BOUSTUO SMffWG A6BKKS ML 03-*****300 ML 03-117*4101 KM: 04-2****** A 1 18 JtKKKKk ACCEPTIM COIVEMTIOiIU. CM VISSa VOT MKG SM Kll Nl UK
      410 words

  • Page 27 Advertisements
    • 1247 27 IVISSB. VOY KHH HKO I SIN I MO. I OXi IAR I DMM MK~I KAN LOtfSTAN KL SOU SKV SKIP 21/11 10/11 30/11 01/12 06/12 06/12 ■AN SATTARI KL -SO 12 SKf SKIP 24/11 23/11 03/12 04/12 10/12 12/12 CAMFtIO pa 8013 SKIP SKV 20/11 25/11 05/12 06/12 12/12 14/12
      1,247 words
    • 653 27 A 191 UK CONTINENT SERVICE Loafing tor GOKCAN RTM/ATW/BMNAJK/NAN KALMA RTM/ATW/BMNAJK/NAN Loads Stogapofß. E7W. Matey* todona— MIPPIE-EAST SERVICE Loading tor J FRIEND DBI/ABU/DOH/BRN/DMM/KWT RAVENA DBVABU/DOH/BRN/DMM/KWT J SAFE AON/HOO/JDH •Loads Stngapore, E7W. Malayan. liidonaaia USA SERVICE Loading tor SEABEE CAM/NFK/SAV/NOL •Loads E7W. Indonesia F.E./S.E.A. SERVICES Spore Loadng tor ORCHID INC/BSN J
      653 words
    • 708 27 rasa m M m jsssb m mi *t mum !M» mi W/11 -Mtau £1421 2CZJJ a/11 fttMII IfHI a/U 21/11 HUB 7 UZI UZIJ 25/11 HC MIMA IM4M a/U n/11 JKMH [1121 ILOI W/ll IB ZiZll M/ii MAMjm* .un __»/n tt/i? H<iamoa iomi 1 Jizu 2s/ii rxmm IMTM lA/h i;/n
      708 words


  • Page 29 Miscellaneous
    • 116 29 FOR 7AM 18 Nov 2003 ■SSSBSBBBBSBBHSBBBSBBSKr &vg N. Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds Rain L One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots Hazy A -One solid
      116 words