The Business Times, 3 December 2003

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Total Pages: 28
1 28 The Business Times
  • 15 1 MUA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE Interret littp://business-times.asial .com.sg WEDNESDAY, DECEMBER 3, 2003
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  • 706 1  -  They had hard time explaining to clients why they can't provide finance By Siow Li Sen, Taila Krishnakumar [SINGAPORE] Some brokers and remisiers are having a hard time explaining to customers why they can't provide finance for share options, while others were
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  • 74 1 BTI 1,728.96 (-8.79) 8T INDEX FUTURES 1,728.00 (-22.00) BIMSCI FUTURES 211.90 (-1.40) Tuesday Change KLSECOMP ***** +7.24 NIKKEI 225 10.410.15 *6.88 HANG SENG 12,***** -44 76 SET INDEX 646.64 +5.49 JAKARTA COMP .633.73 +3.79 MANILA COMP ..1,336.83 +15.57 TAIPEI WPI 5,911.45 +41.28 SEOUL COMP 807.78 +0.39 SHENZHEN B 272.08
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  • 76 1 FOREX RATES U8$ S$ l'SS(S$perl'S$) 1.724 S(l SS/S$ p*r 1.718 1961 El RO(l S$/S$/E). 1.197 2.063 YEN 1119.6 63.60 RM UW 2105 HKS 7.764 4.504 BAHT 39.92 23 16 Rl'PIAH H.497... 4.930 RENMINBI 8.299 4.815 INDIAN RI'PEE 45.72 26.53 AS LBS 0.796 NZ$ 1.554 0902 PRIME RATES SINGAPORE* 5.25
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  • 687 1  -  BT exclusive Asian Retail Mall Fund may float Reit after deal: sources By Kalpana Rashiwala [SINGAPORE] Negotiations are at an advanced stage for NTUC Income Insurance Cooperative to sell its NTUC Hougang Mall for about $185 million to the Asian Retail
    ARTHUR LEE  -  687 words
  • 76 1 "In terms of cultural globalisation, you have a pretty interesting paradox. On the one hand, you have the blase globalist or the "Britney Spears-rization'of pop culture; a complete homogenisation of culture. On the other hand, globalisation allows inaccessible cultures to also attain a world stage."
    HOW HWEE YOUNG ST  -  76 words
  • 545 1  -  Both men have been with Singapore Airlines for almost three decades By Ven Sreenivasan {SINGAPORE] Two veteran Singapore Airlines pilots are in the running to head the company's pilots union. Members of the Airline Pilots Association of Singapore (Alpa-S) yesterday nominated Cpt Mok
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  • NEXT page
    • 488 2  -  Venture with Cosco, worth over $160m, is PSA's first tie-up with foreign firm in its local ops By Donald Urquhart [SINGAPORE] PSA Corporation is in discussion with a number of shipping lines keen on taking a stake in its container terminals here, the
      ARTHUR LEE  -  488 words
    • 529 2  -  Companies realise 'engaged' employees vital to bottom line By Chuang Peck Ming [SINGAPORE] Progressive employers worldwide including those in Singapore are moving away from layoffs to employee engagement in meeting the twin challenges of managing rising staff cost and retaining key talent. According
      Source: Towers Perrin  -  529 words
    • 631 2  -  COMMENTARY Abrupt clampdown confuses market players. This cannot really be a desired outcome, says Wong Wei Kong Wong Wei Kong THE issue of financing stock option, purchases highlights one thing: when a fresh piece of securities legislation is put into action especially when
      631 words
    • 446 2  -  Ircon to be offered 70% of northern section of project From Eddie Toh in Kuala Lumpur MALAYSIA Mining Corporation (MMC) and partner Gamuda have bagged the country's biggest infrastructure job but will farm out some of the work to an Indian
      446 words
  • Page 2 Advertisements
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  • Innovation Singapore
    • 1535 3  -  Staff training is more than just getting results from the resources invested. Its success is also measured by what people gain in rewards and job satisfaction. DHL Express Singapore's general manager shares the company's experience with Beth Jinks Beth Jinks F you're a preB ferred employer, I
      PHOTOS BY CHRIS LOH  -  1,535 words
    • 390 3 1972 DHL International established as Singapore's first door-to-door international express document delivery company. 1905 DHL Express Singapore becomes first country office in Asean to be ISO 9002 certified. 1997 Afl five DHL entities in Singapore receive ISO 9002 certification. 1999 DHL Express is first air-express company in Singapore to
      390 words
    • 207 3 THE successful adaptation of Spring Singapore's People Developer standard by DHL Express Singapore has led to a regional roll-out of a similar training framework as "best practice" throughout the express delivery group's Asia network. The results and feedback on the progressive and logical formula so
      207 words
  • Page 3 Advertisements
    • 103 3 Organisations committed to the People Developer constantly develop their people to better serve customers. They adopt a total approach that engages people for enhancing productivity. And tlllllliilP contributing to business success. Over 1,200 organisations are implementing the standard. About 400 organisations with some T 300,000 staff have ochieved the standard.
      103 words

  • SINGAPORE companies
    • 428 4  -  Company could turn profitable at gross margin level for 1st time since 2001 By Tang Weng Fai BUOYED by a worldwide semiconductor upturn over the past half-year, wafer maker Chartered Semiconductor Manufacturing said it could see the company turning profitable at the
      Source: Bloomberg  -  428 words
    • 219 4 Bloomberg SINGAPORE Technologies Engineering Ltd, which gets half its profit from servicing aircraft, said it will win the maintenance contract from Singapore budget carrier Valuair Ltd when the airline starts operations next year. The company may get the contract in the first quarter
      Bloomberg  -  219 words
    • 711 4  -  HOCK lock siew raju chellam THE world's top semiconductor makers are now putting their money where their mouth is. In just the last fortnight, at least three top chip makers have announced plans to beef up their production capacity. There are also two
      711 words
    • 454 6  -  Asia Environment, Metal Component En& Superior Fastening Tech launch IPOs today By Kenneth Lim WITH 50 initial public offerings already listed on the local bourse this year, investors may have trouble trying to match a new company's name with what it does.
      454 words
    • 428 6  -  By Daniel Buenas IPO aspirant Banyan Tree Hotels Resorts plans to expand into Mexico and the Moroccan city of Marakesh as it continues to build its global brand name, chairman Ho Kwon Ping said yesterday. Speaking to reporters at the Global Brand
      428 words
    • 321 6  -  By Kenneth Lim DON'T send the wreckers to Econ Corporation just yet. A group of creditors have asked the courts to halt the debt-ridden construction company's own liquidation attempt and install an interim judicial manager. The High Court today will hear the petition,
      321 words
    • 618 7  -  They say Citibank's entry into yuan credit cards will give clear direction By Joyce Koh THE first inroad has been made by a foreign bank into China's credit card market a development that sets the pace for local banks as they look
      REUTERS  -  618 words
    • 471 7  -  Plaintiff allegedly owed 315.3m yuan in connection with share transfer deal By Wong Wei Kong TIANJIN Zhong Xin Pharmaceutical Group faces legal action in China over a share transfer agreement. Tianjin said yesterday that on Nov 14, it received a writ of summons
      471 words
    • 283 7  -  By Taila Krishnakumar BRILLIANT Manufacturing has lived up to its name, notching a 203 per cent jump in net profit this year. It announced a final dividend of 2.4 cents, bringing the full year dividend to a record 4 cents, its highest since listing
      283 words
    • COMPANY Briefs
      • 64 7 Bemama [KUALA LUMPUR] Maxis Bhd has no immediate plans to buy Singapore's second largest cellular company, Mobile One Limited, its chief executive Jamaludin Ibrahim said yesterday. It was reported earlier that Maxis, Australia's Telstra Corp and Singapore's Star Hub were interested in buying Ml
        Bemama  -  64 words
      • 85 7 Bloomberg INDONESIA'S state-run body charged with recovering money spent bailing out the country's banks five years ago said yesterday that it expects to sell Asia Pulp Paper Co debt with a face value of US$l billion by next week. Asia Pulp, controlled by the Widjaja
        Bloomberg  -  85 words
      • 66 7 KS TECH Limited has signed an agreement with Labroy Marine Limited to sell KS Tech's entire 47.5 per cent shareholding in Hyiynx Pte Ltd for $4.12 million. Hyiynx is a joint venture company set up by KS Tech, Labroy Marine and John Chen
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      • 46 7 DOUGLAS Foo's food business Apex-Pal International Ltd said it has incorporated a wholly owned subsidiary, known as Apex-Pal Malaysia Sdn Bhd, in Malaysia. Apex-Pal Malaysia will operate restaurants, kiosks and cafes. The investment will be funded from the proceeds of thp copipanif'alßO.
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  • 45 4 UNIT TRUSTS FUNDS LEGEND: M pnos an indicative except ♦or*;«Ej.»'W' V Broad* NmnMM I ftamjwty hocused; S Lokmt Risk. Lo* to Medium Risk. Medium to Hah Risk. Higher Risk. open-anded; Won subdnriaon of unit* Aftar sufadhnsion of units SPaftarstotfc split N.A-Nor Dealing Day: ••Boor Pnce:Sio9ls
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    • 27 4 FREE SUCKLING PIG OR ABALONE usual price $88 with minimum order of $298++ set menu Spring Court 488 Upper East Coast Road Singapore *****0 Tel: 6449 5030/6
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  • SINGAPORE markets
    • Article, Illustration
      581 8  -  Compiled by VEN SREENIVASAN Chartered Semiconductor Dk 2 doting $1.67 CHARTERED raised its revenue guidance for Q403 and expects its net loss to be lower than earlier guidance. Higher demand from the communications sector was cited as the key reason for the better outlook. Of note, Chartered continued
      Source: Bloomberg  -  581 words
    • 370 8  -  CHART POINT By LIM SAY BOON LIM SAY BOON MUCH has happened since my last column two weeks ago. But have recent developments, including yesterday's push by the Straits Times Index to an intra-day high of 1,754, negated our view that
      Source: Bridge  -  370 words
    • 898 8  -  A longer view CURRENCIES larry wee LIKE a record that repeats itself ad nauseum, we're obliged to tell readers that the US dollar looks horrible and could be headed even further south, despite the barrage of good news from the US economic front and Wall
      898 words
    • 612 8  - Tough call to sell or buy —stocks BT comment STOCKS r. sivanithy BY most accounts, investors are unable to find any valid reason to sell stocks anywhere in the world. The economic and earnings outlook is positive, Wall Street's momentum is upward and things may improve further by the turn
      612 words
    • TRADES TO WATCH
      • 70 8 JEN Shek Voon, a director at Japan Asia Limited which has been reported to be a takeover target of businessman Oei Hong Leong, bought his first stake in the company on Nov 28. Mr Jen bought one million shares in JAL at 11
        70 words
      • 74 8 ONG Sioe Hong, a director of Metro Pte Ltd and sister of Metro Holdings managing director Jopie Ong, sold one million shares on the open market yesterday, reducing her direct and deemed stake in the company to 1.67 per cent from 1.83 per cent
        74 words
      • 63 8 COMMERZBANK AG, through Commerzbank Asset Management Asia, increased its 5.77 per cent stake in Tiong Woon Corporation Holding to 6.21 per cent last Friday with an open-market purchase of one million shares at about 51 cents each. Tiong Woon's shares, which are trading cum dividend,
        63 words
      • 55 8 FUTURISTIC Image Builder's non-executive director Yoon Jiwon halved his stake in the company on Monday through a private placement of 787,500 shares at 16.5 cents apiece. Mr Yoon retains a 1.25 per cent interest in Futuristic. The counter fell 7.5 per cent or 1.5 cents yesterday
        55 words
      • 93 8  -  Compiled by KENNETH LIM THE staff provident fund of mainboard-listed Fraser and Neave bought 27,000 shares yesterday off the open market at about $11.39 apiece. The purchase raised the deemed interests of two F&N directors by virtue of their control of the fund. F&N
        93 words
    • Article, Illustration
      142 8 OTHER SINGAPORE INDICES Dec 2 VALUE CLOSE BTOB/OS 84.00 +105.00 BTCADI -*****.00 -147.00 BT 10-day MA -*****.00 +8.00 AM-SG Equities 467.76 -1.80 SG Equities Elect 175.60 +3.55 SG Equities Flu 1453.14 i*! 08 SG Equities Prop 426.68 -6.32 MSCI Singapore 212.27 -1.01 SMSCIFabwM 211.90 -1.40 CI fit) (lacing iiritrs nrr
      142 words

  • EXECUTIVE money
    • 906 9  -  BT comment YOUR MONEY Fund distributors must deliver value for fees they collect genevieve cua DO you know that when you buy a unit trust, a portion of the fund management fee is shared with the distributor who sells it to
      906 words
    • Article, Illustration
      1058 9 Transaction date: Dec 2 All-senes Maundes >lyr Short 1 -3yrs Long >3yrs DfTERBAlfK CROSS RATES A$ C$ Mb Euro HK$ ted »s gupiah Yen Won W W»i Pwo SS Band Sfr WTS Baht Pound US$ Australia 0.951 6.050 0.609 5.659 33.328 61.939 0.799 8.714 2.770 1.133 41.762 40.460 1.256
      1,058 words
    • 611 9  -  By Genevieve Cua AN attempt by an online funds distributor to charge an annual fee for advertising plus "assured coverage" has raised eyebrows. iFast Financial, whose services include retail funds portal fundsupermart, is seeking to get fund managers to fork out $12,000 a
      CHRIS LOH  -  611 words
  • Page 9 Advertisements
    • 234 9 (INCORPORATED IN MALAYSIA) (Company No 5303-W) SOUTHERN BANK'S NINE MONTHS PROFIT SURGES 20% TO RM363 MILLION Profit before tax is up 20% to RM363 million. Return on shareholders' funds is at 12.9%. Earnings per share increased 16% to 22.7 sen. Total assets at RM28.7 billion are up 10%. Operating income
      234 words

  • SINGAPORE news
    • 389 10  -  S'pore is a key regional engine maintenance centre for Pratt Whitney By Ven Sreenivasan SINGAPORE'S skilled work force, infrastructure and commitment have made the country a global hub for aerospace maintenance, repair and overhaul, a top American aerospace executive said yesterday. The president
      CHRIS LOH  -  389 words
    • 269 10  -  By Chen Haifen INFOCOMMUNICATION technology will transform Singapore's manufacturing sector in the next five to 10 years, according to Singapore Industrial Automation Association (SIAA) president Colin Koh. More manufacturers will need to adopt infocomm in their distribution networks as a result of globalisation. "Because
      269 words
    • 297 10  -  Firms urged to involve partners from across production chain By Joyce Koh WHEN quality circles (QCs) started -in Japan in the *****, the idea was to involve employees in the improvement of a company's work processes and products. Today, that idea continues
      297 words
    • 197 10 IBM Singapore recently announced the appointment of Janet Ang as its vice president in the personal computing division of IBM Greater China. The position, which has been vacant for a while, will be filled by Ms Ang from Jan 1, 2004. Ms
      197 words
  • 1617 10 SICOM FUTURES Dec 2 RUBBER Futures (Ck»m<) prices) RSS 1 (S centsAq) Clos* Volume Open Month High Low Sgtt (tonnes) Interest Jan 04 203.75 Feb 04 203.75 Mar 04 203.75 Apr/Jun 04 208.00 RSS 3 (US centsAq) Volume Open Month High Low Sett (tonnes) Interest Jot 04 rius i%25
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  • Page 10 Miscellaneous
    • 175 10 CRYPTIC CROSSWORD 9 A quiet writer gambles with 4 When teft high and 13 An expenenced person used 7 Managers financial respon--16 The bench come to a deci- 11 A doctor, when depressed sion (6) with alternative, is represen--18 The rallying cry is "Work hard 13 20 Rarely taken from
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  • Page 11 Advertisements
    • 118 11 i "ii ii v *>'•- T*-**&?-~4"* r -y 8 f&. y -<**»-**&*dfl^<fe^l^il'liiL*^**iP'^ <?-i -y*. 1 'i:^^PPp^^^Mpoip|^^^^^M^^^MMM^p^^MM|^H^BßH|Bn|B^B|^K A :^^mHH .ii'' v H !P|p|^jp is *-H' X^H^lK/ II Ifl iy v %'ijp|j'- ft'-.* Plv f! H/m AB I*^ ffW V lia il 7 Partnerships that truly take off I Over the years,
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  • EDITORIAL & opinion
    • 773 12  -  THE bottom line OPINION frank ching LAST March, Xiao Yang, the president of the Supreme People's Court, reported that more than 83,000 Chinese officials had been found guilty of corruption in the past five years. In the months since then, the land and resources
      773 words
    • 76 12 'Being attached to America these days is like being in a pen with a wounded bull.' -Rick Mercer Canada s leading political satirist, on social issues that set his country apart from the United States. 'Is this the party of the people or of the millionaires?' -Leonid
      76 words
    • 570 12 EDITORIAL SINGAPORE brands were highlighted in an unexpected way at Monday's opening of the Global Brand Forum when Senior Minister Lee Kuan Yew spiritedly addressed potential pilot-management tensions at Singapore Airlines (SIA). Government leaders had recently weighed in with cautions for both the Air Line Pilots'
      570 words
    • 1113 12  -  Corporate social responsibility is becoming indispensable for improved financial, social and environmental performance By Paul Thompson WHILE corporate social responsibility (CSR) is firmly established in the United States and Northern Europe, it has yet to register little more than a blip on the
      FILE PHOTO  -  1,113 words
    • 570 12  -  MAIL bag Ee Teck Siew Singapore I HAVE no available statistics on hand, but I believe all the local banks as well as most QFB banks in Singapore have their own online banking portal that supports Internet banking. The services are mainly for traditional banking
      570 words
    • 113 12  -  Charles Sng, Charles Sng, VP, Corporate Communications Singapore Exchange Ltd WE refer to your article "Ensure timely insider disclosure" (Hock Lock Siew, Dec 1, 2003), which claims that there are no rules requiring substantial shareholders to promptly disclose stakeholding changes to the companies. This
      113 words
  • Page 12 Advertisements
    • 99 12 Fax your letters to 6319-*****r email them to bttetterQsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toe Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear In mind libel laws. We reserve the
      99 words

  • REGIONAL news
    • 514 13  -  IJM and Gamuda lead the pack with healthy order books From Diana Oon Abdullah in Kuala Lumpur CONSTRUCTION stocks are featuring high on the list of stock picks on the KLSE as healthy order books and the possibility of more lucrative contracts ahead fuel
      514 words
    • 316 13 KUALA LUMPUR Bloomberg SHARES of Malaysian Bulk Carriers Bhd, a shipping company controlled by billionaire Robert Kuok and the government, rose more than a third on their debut as investors bet the company will profit from rising freight rates. "It's got the right
      Bloomberg  -  316 words
    • NOTE Book
      • 60 13 AP [KUALA LUMPUR] Malaysian authorities said yesterday they have nearly completed a series of feel-good documentaries and short films that will be televised nationally to bolster support for the government in upcoming general elections. The state-run National Film Department's announcement fuels speculation that Prime
        AP  -  60 words
      • 68 13 Reuters [SINGAPORE] A revaluation of the yuan by 10-15 per cent against the US dollar would help China cope with strong growth in credit and investment that risks economic overheating, ratings agency Fitch Ratings said yesterday. Brian Coulton, the head of Asian sovereign ratings at Fitch,
        Reuters  -  68 words
      • 73 13 Reuters [BEIJING] China has set a growth target of 7 per cent for 2004, the same as it had planned for this year during which the economy is now believed to have grown more than 8 per cent, the China Daily said yesterday. The
        Reuters  -  73 words
      • 67 13 AFP [BANGKOK] New rules limiting housing loans in Thailand came into effect on Monday as the central bank acted to curb speculation in the kingdom's strengthening property sector. The Bank of Thailand said commercial banks were now required to limit housing loans to up to
        AFP  -  67 words
    • 447 13 KUALA LUMPUR Planned 1-2% increase may pomp RMlb into the KLSE THE Employees Provident Fund (EPF) is planning to increase its investment in the Malaysian stock market by up to 2 per cent, the New Straits Times reported, citing its chief executive officer
      447 words
  • Page 13 Advertisements
    • 293 13 r BANGKOK JAKARTA HONGKONG GUANGZHOU XIAMEN $688 $588 $1388 $1388 $1388 CHENGDU BEIJING SHANGHAI TAIPEI SEOUL $1588 $1788 $1788 $1788 $1788 PUSAN FUKUOKA NAGOYA OSAKA TOKYO $1788 $1988 $1988 $1988 $1988 DHAKA KOLKATA CHENNAI DELHI MUMBAI $1388 $1388 $1788 $1788 $1788 KARACHI LAHORE ATHENS COPENHAGEN FRANKFURT $1788 $1788 $3488 $3488
      293 words

  • 6 14 Transaction date: Dec 2
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  • 5 14 Transaction date: Dec 2
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  • 848 14 Transaction date: Dec 2 S»g w» O— O—»e Hwfc 1 Oeee Omrn AJigreen 50c 057 1.020 -0 010 NOJim* 50c 017 2 070 «0010 CAC 077 6.050 -0.050 OOC 8.72 12.000 -0200 CapitaLand 1.11 1540 -0X120 DUE 0.47 6.800 -0150 Chart ScfrvCond 26c 146 1i70 «0Q20 Partway H 2Sc
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  • 617 14 BONDS WARRANTS Tal Uct Vol Cam Lui Dm Gaar 3bh C— C Ml *m- —«a Wta I— UH 3696 AST1W*****1 275 -05 85 1 16 158 6 3697 Acma Ltd W*****6 1 unch 500 1 50 437 9 50 11 3602 Amtefc W*****0 121 1 33 2 1.30 18 3603
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  • Page 14 Advertisements

  • REGION world
    • 390 15 LONDON It hits highest level since April 2000 and shows output growth is sparring labour demand Reuters A GLOBAL indicator based on national polls of manufacturers has reached its highest reading since April 2000, showing broad recovery in the sector and employment stabilising
      Reuters; AFP  -  390 words
    • 349 15  -  US$36m undersea communications link is now up and running By Tang Weng Fai THE national telecommunications incumbents of Thailand, Indonesia and Singapore yesterday announced the commercial launch of a new US$36 million submarine cable linking the three countries. The TIS (Thailand-Indo-nesia-Singapore) cable, with 30
      349 words
    • WORLD Watch
      • 62 15 AP [CANBERRA] Maverick lawmaker Mark Latham, 42, won the leadership election of the Labor Party yesterday in a surprise victory that gives the opposition party an aggressive, young leader ahead of next year's national elections. Mr Latham won 47 votes compared to 45 for his
        AP  -  62 words
      • 71 15 Bloomberg [GENEVA] European Union (EU) tariff exemptions worth 3.9 billion euros (SsB billion) on imports from 12 nations fighting narcotics production are illegal because the measures discriminate against other developing countries, the World Trade Organization (WTO) said. The EU's system of duty-free access for countries
        Bloomberg  -  71 words
      • 73 15 Reuters [CHICAGO] The International Securities Exchange (ISE) said on Monday it has launched the ISE Sentiment Index, a new market indicator which measures the daily call and put activity on the world's largest equity options exchange. By collating the buying decisions of options investors other than
        Reuters  -  73 words
      • 52 15 Reuters [PARIS] Vivendi Universal reported its first quarterly net profit yesterday under CEO Jean-Rene Fourtou, driven by its telecoms, pay television and entertainment divisions. It posted a third-quarter net profit of 131 million euros (*****.1 million) compared to a year-earlier loss of 1.23
        Reuters  -  52 words
    • 298 15 TOKYO It aims for annual silicon carbide wafer sales of 10b yen by 2010 Reuters, Bloomberg BRIDGESTONE Corp, Japan's biggest tyre maker, will enter the semiconductor wafer business, the company said yesterday. It will start rolling out sample products in the second half of next
      Reuters,; Bloomberg  -  298 words
    • 239 15 HONG KONG Bloomberg MAO Yuping, the wife of a Shanghai property tycoon under arrest in China for fraud, was charged here with stock manipulation and embezzlement involving a real estate company controlled by her husband. Ms Mao, 41, general manager of Hong Kong-listed Shanghai
      Bloomberg  -  239 words
    • 281 15 Bloomberg [NEW YORK] A majority of Wall Street brokerage and financial advisory executives do not expect a bonus this year and most probably will not give their employees a raise, according to a survey, The survey by consultants Wall Street Services Inc,
      Bloomberg  -  281 words
  • Page 15 Advertisements
    • 1670 15 Notices I Beyonics Technology E 1 Beyonics Technology Limited i 1 (Incorporated in the Republic of Singapore) If I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Beyonics Technology Limited E 1 (the "Company") will be held at 30 Marsiling Industrial Estate Road 8, Singapore *****3 on K
      1,670 words

  • WORLD news
    • 546 16  -  It cites high govt debt and NPLs; warns of more bank failures From Anthony Rowley in Tokyo THE OECD yesterday delivered a highly cautious assessment of Japan's muchlauded economic recovery, pointing to serious deficiencies that persist in the financial system and in government
      546 words
    • 422 16 ATLANTA The market is still down by US$5.1t from the start of the bear market in March 2000 NYT INVESTORS in US stocks have recaptured more than 41 per cent of the market value they lost in the bear market, or
      NYT  -  422 words
  • 6 16 Transaction date: Dec 2
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  • 1970 16 U-M T«t last Vol Day list Quota GrOn M« Gftld Mot MCas Low Code Cimpmt Solo «f- CWD Ml» Low Boyr tofcr Cw m $J 7.5 5000 ABRHWgsSc 195 unch 50 195 19.5 1i.S 19.5 376 42 12 9 2101 APOiISc 30 5 -1 606 32 JO5 30
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  • 351 16 S2-Wk T«l Laft Vol Day laft Quote GrtXv M* GrtW MM MCap in Ca*e nwpwi Sale w- CWI I—i to» *»yor Cw W W 193 »1 6000 AVJwn«®A2Sc A179cd *1 46 179 175 178 180 40 88 5.6 68 3853 6001 CathayPac20c _..HK720 265 2 1 74 6
    351 words

  • BT motoring
    • 605 17  -  Subaru is eyeing the premium performance market with its new version of the Legacy, reports Samuel Ee Samuel Ee Motor image Enterprises expects to boost its annual sales volume by up to 20 per cent with the new Subaru Legacy as it targets the Continental "premium performance" car
      605 words
    • 383 17  -  Work group to seek feedback from industry and customers By Samuel Ee THE General Insurance Association of Singapore (GIA) has launched a sweeping review of motor insurance processes and practices to ensure they are clear, fair and easy to understand. Seven major motor insurance companies
      383 words
  • Page 17 Advertisements
    • 2551 17 Notices 9 Beyonics Technology I I Beyonics Technology Limited SB (Incorporated in the Republic of Singapore) B| $2 NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of the Company will be held at 30 Marsiling Industrial B |H Estate Road 8, Singapore *****3 on Thursday, 18 December 2003
      2,551 words

  • THE WORLD OF private banking
    • 1147 18  -  Thanks to a balanced asset allocation, Citigroup's rich clients are not overly exposed to equities during financial turbulence. Genevieve Cua finds out how their portfolios are kept above water Genevieve Cua IT is often said that the rich get richer. At least in the last three
      ARTHUR LEE  -  1,147 words
    • 822 18 Should you reduce your weighting in bonds and pile more heavily into stocks? Here are the views of New York-based experts of Citigroup Asset Management Steven Bleiberg, head, global Investment strategy team "We've been through a terrible contraction, as business spending collapsed in 2001. Now business
      822 words
  • Page 18 Advertisements
    • 417 18 if; y^jpaf Q: Is it true that Private Banking is changing? A Yes. Client needs are evoking as information becomes globally available. At some institutions. Private Banking still consists of a personal banker selling mutual funds. The Private Bankers at The Citigroup Private Bank act as global trusted advisors to
      417 words
    • 4 18 HcrttgroupT ■HRI private bank
      4 words

  • SHIPPING TIMES
    • 261 19 Reuters THE Baltic Dry Index rose 25 points to 4442, the Baltic Capesize Index rose 1 point to 6250, the Baltic Panamax Index rose 52 points to 4485 and the Baltic Handymax Index rose 217 points to *****. TIME-CHARTER: lonian Eagle (built 2001) ***** dwt geared delivery Port
      Reuters  -  261 words
    • 285 19 SGX '000 Det2 SS Vol CH Offshore OJS 4.02 1185 Chuan Hup 0.46 -0.01 1991 Coko Investment 0.62 0.01 6346 CWT Distribution 0.55 -0.01 20 EzraHldgs 094 -0.03 617 Frwght Onto A10 0.01 464 G8 Holdings.... 0.67 -0.02 61 iaya Holdings 0 80 -0.02 1651 K1 Vcntm 0.22
      285 words
    • 663 19  -  Counterbalance Europe's bigger say in forming int'l maritime roles By Donald Urquhart [SINGAPORE] The controversial European tanker phase-out being debated at the International Maritime Organisation (IMO) this week is a clear example why there must be greater Asian participation and a concerted
      FILE PHOTO  -  663 words
    • 294 19 City faces more than US$2b in personal injury claims Bloomberg [NEW YORK] New York City, facing more than US$2 billion in personal injury claims from the Staten Island ferry crash that killed 10 passengers, will seek relief under a federal maritime law
      Bloomberg; REUTERS  -  294 words
    • 280 19 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, said profit may decline next year as the won strengthens, eroding its earnings from overseas orders. The company expects net income of 250 billion won (Ss36o million) next year, chief financial officer
      Bloomberg  -  280 words
    • 138 19 Bloomberg [OSLO] Frontline, the world's biggest operator of tankers that carry 1 million barrels of crude oil or more, said it aims to raise US$5BO million by selling bonds to US investors as part of a plan to split the company. Frontline's newly formed Ship
      Bloomberg  -  138 words
    • PORT Shots
      • 109 19 Bloomberg [LONDON] Peninsular Oriental Steam Navigation Co (P&O), the UK's largest shipping company, sold its remaining 50 per cent stake in its bulk shipping joint venture to partner Eurotower Holdings for US$64 million. P&O will use the proceeds from the sale of its interest
        Bloomberg  -  109 words
      • 71 19 Bloomberg [MUMBAI] Great Eastern Shipping Co, India's biggest non-state shipping line, has signed a contract to add a crude carrier to its fleet as the company faces rising demand. The Aframax-class crude tanker will join the company's fleet of 35 ships and 30 other
        Bloomberg  -  71 words
    • 191 19 Bloomberg [SINGAPORE] Evergreen Marine Corp, P&O Nedlloyd and 11 other shipping lines plan to raise freight rates for carrying non-refrigerat-ed container cargo to Asia from the US, because of rising costs and increased demand from Asian factories. The shipping lines, members of a
      Bloomberg  -  191 words
    • 1048 20  -  STRAIT TALE By David Hughes LAST week International Maritime Organisation (IMO) secre-tary-general elect Efthimios Mitropoulos spoke of the winds of change affecting the UN agency. Mr Mitropoulos is right to signal that fundamental changes are taking place and that IMO will
      FILE PHOTO  -  1,048 words
    • 3 20
      3 words
    • 3 25 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 620 27 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER118 E3277 J3 A/SIDE 03/12 0100 KENJYO UC 155 J23 A/SIDE 03/12 0600 MARIONSTAR 10 J5 A/SIDE 03/12 0700 NtCO 3 0212 J6 A/SIDE 03/12 0630 A KAMBING 1 JBD01 J4 03/12 1115 03/12 2000 BAYSWATER228 E3278 J3 03/12
        620 words
      • 2 27
        2 words
      • 158 27 DeoS Thailand: King's Birthday. Deo 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 25 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas Day. Brunei: Christmas Day. Canada: Christmas Day. France: Christmas Day. Germany: Christmas
        158 words
      • 828 27 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem. Market movements are indicated The Cockett Bunker Price Index change and the
        828 words
      • 61 27 U/T vnfUtaraM* T*ll n>irt ll Hilt l' T —T* 'I "T —.1 frwii tWr ewe w*etv sutntk* Is eirtW to peHeWli iNpwwri. »w> wtt» tn mnn>atmni t—tmc«i«i uwtu hmhhk »t c——« im.nitt.—i «n MMMmt A (CIMAC) (w Md) pmMtar. Par wtalM MmimUmi w arrant IM4 «mMt
        61 words
    • AIR & LAND transport
      • 556 28 Condit's successor will bring financial discipline to his role: analysts AP [SEATTLE] The man who will lead Boeing Co is known as a tough-minded cost-cutter who is unpopular with employees but lauded by shareholders. Harry Stonecipher, 67, a former president and
        AP  -  556 words
      • 282 28 Reuters [HONG KONG] Cathay Pacific Airways flew to mainland China for the first time in 13 years yesterday, the first step in its ambitious return to the world's fastest growing aviation market. But with just three round-trips to the Chinese capital
        Reuters  -  282 words
      • 217 28 Bloomberg [SYDNEY] Richard Branson's Virgin Group may sell more shares into the Virgin Blue Holdings Ltd initial offer to meet demand and have more shares traded on the Australian Stock Exchange. Virgin Group will maintain a stake of at least
        Bloomberg  -  217 words
      • 353 28 Carrier also hit by weak dollar, analysts say Reuters [LONDON] Shares in Europe's biggest airline, British Airways Pic, fell on Monday on fears that its main London hub, Heathrow airport, would fail to win state backing for a third runway to
        Reuters  -  353 words
      • 211 28 AFP [LONDON] The needle nose of a Concorde supersonic aircraft that recently went out of service sold for a record £320,000 (*****.336) at an auction here. The price was nearly 10 times as great as the original asking price of £35,000. A British Airways
        AFP; AP  -  211 words
      • LOG Book
        • 57 28 Bloomberg [BANGKOK] Thai Airways International, the country's biggest airline, filled 73.9 per cent of available seats with paying passengers in October, unchanged from a year earlier. The figure was down on the previous month when the airline filled 75.8 per cent of its seats,
          Bloomberg  -  57 words
        • 65 28 AFP [ISLAMABAD] British Airways will resume flights to Pakistan from Monday, following their suspension in the aftermath of the Sept 11,2001 terrorist attacks in the US, official media said. BA will operate flights from London to Islamabad on Mondays, Wednesdays and Saturdays, while the return
          AFP  -  65 words
        • 68 28 Reuters [NEW YORK] AMR Corp, the parent of the world's largest carrier American Airlines, said on Monday the percentage of seats filled, or load factor, on its planes rose by 3.1 percentage points in November. Fort Worth, Texas-based AMR said its November load factor was
          Reuters  -  68 words
        • 73 28 Reuters [NEW YORK] Continental Airlines said on Monday its November systemwide mainline load factor rose 5.5 points to a record 75.3 per cent from the year-ago period. The Houston-based airline also reported its domestic mainline load factor last month rose 4.5 points to a
          Reuters  -  73 words
      • 375 28 Transatlantic accord closer as US makes concessions Bloomberg [BRUSSELS] The European Union is closer to a transatlantic accord on the use of air-passenger data to counter terrorism because the US government has made concessions, a top EU official said. The US has reduced
        Bloomberg  -  375 words
      • 165 28 AP [CANBERRA] Security at Australian airports will be boosted following recent checks by intelligence agents, the government announced yesterday. Transport Minister John Anderson said new measures would include metal detectors at some regional airports and equipment that detects minute traces of explosives on baggage at
        AP  -  165 words
      • 406 28 AIRLINE COOES AA Amenan Attns (AAL) Af Ar Frtna <A*R). Al Armda IMC) AY FmrOyffWi) AZ Atau Arms (AZA) BA Bntsh Arrays Pubte Lid Co i BAM 8S Btmtr BingMesr Arms (BBC) Bl Roy* Bnr» Arms Sdn Bhd (RBA) BO Bona Arms (SOU). BR EVA Arweys
        406 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 833 20 I TO USA/CANADA I EXPORT I I OTHER DESTINATIONS ~~1 |VBSa |vot PIG KU*| LONG HACK |pAUAS| HOUSTON MfMWiS |CHCAGO|KW TORI TO AUSTRALIA (AUSTHALIA ASIA PM NEDLiOYD SOUTHAMPTON 3JH9 02/12 03/12 11/12 23/12 24/12 24/12 24/12 27/12 VOT V ETA SIM I KG FSTI STI SYT" 1 Ml UK PMNEDUOYDHJWIOON
      833 words
    • 530 20 lines services represented by (*4.9|T« Members of ifw Registry of Agents, x°*m y Singapore Shipping Association SUIT UNE MALE f ISSn VOY ETA ETA ETA p.kuhc srott mil Mold Corner 743 A 09/12 07/12 16/12 Princess Lily 1103 12/12 14/12 23/12 Mold Star 544 A 18/12 20/12 29/12 ULY MARINE
      530 words
    • 6 20 Members of the Singapore Logistics Association
      6 words

  • Page 21 Advertisements
    • 1345 21 TO EUROPE FROM EUROPE IVBSa I VOY SIN GfT ITM ANI HAM WV SOU L» |[*SSa |VOY HM AW NM4 «V SOU l» M AfIOBNMX 110W04/12 24/12 26/12 22/12 HYtfBAl HCHtSS 3444 01/11 10/11 13/11 04/112J/11 MOi PttOtlTY 01OW 05/12 21/12 23/12 26/12 27/12 MttPKHBI *****0/11 IV" JJ/ll H/ll W/ll
      1,345 words
    • 1752 21 MONTHLY CONTAINERISED SERVICE TO SOUTH PACIFIC ISLAND OF GOHUIUOmMUMtntI: 00IOWNSONtt#1240 SAIiS/MGS TIL MIOSIS 7/41 fUL *****321/24 I SUVA LAUTOKA (FUI) COSTAR SHIPPING PTE LTD «*AfO« mm OUTWAIOII/U MMSMI »2JISJIS/7$ I r imfSiS rnMmu9 SB SSSS PAPEETE (TAHITI) JOHOO'S OffKL CONVWTKHUI *****150 *****2 M I cqstaa mam w sow imp th:
      1,752 words
    • 496 21 gag. m ii mmr m pus rasa vor sin jkt su» hkg usw pus iwc HT WOOCS 070S DVH Ot/12 11/12 12/12 15/1? 17/1? 17/1! KMTC SIWGAPOtE 314S 07/H 1(1/1? 11/1? 17/1? 20/1? 21/12 27/12 irmiDtt otts ia/i3 iyi? in? i9/i???/i??4/i??4/i? mcjAium 317s ivi? 17/1? 11/1? ?vi? 24/12 ?i/i? 3/1
      496 words

  • Page 22 Advertisements
    • 878 22 EI MA O CNOUmiES/BOOKIMOS: *****344 MX: *****433 E-MAIL: dim—<M—MWU> \J C Lb IVIMw DOCUMENTATIONS/OPCRATIONB: *****637 PAX: *****177 muus wit irau ama nmsi contamb mvw to soutm/wdt ahuca Vissa VOT SIN REUN4OM LUANDA POINT! NOME MATAM UMEVHII AMOJAN TUU 10M TWCAN COTWKXJ VAN DOUAIA OMNI MpgCa% '405W 07/1? 24/1? 27/12 03/01
      878 words
    • 1448 22 r WAN HAI NTERNATIONAL PTI LTD (lNftiwsfMooo/t VTtA iifiki m TH:6226ISM (MUNIS) FAX:*****163 \Vt\WAN HAI LINES xgssßSssssasssLm V AN Ift. 07) Dims NUL *****1197) 911 1L Ml) XI9S47S ML IBS 1) S2VZ7I4/ 1191 IBS www wuhai COM II MMiwwRBfcMiiMiMMTHOi/nw unui MMMI)HHWfcMII4Hm/414H0l Iwi I I feu i wcaw a Kiwrws no
      1,448 words
    • 492 22 BSA a MYANMA PQ FIVE STAR UNE (Mvmhmt Notioflol Um) loodlNj for Yh«n vessel vor sin pw pen pgu PAGAN 321W SIB HPA-AN 31SW MPT IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PEL- 03-*****101 POI; 04-*****0} ACCEPTIMB CONVENTIONAL CBO rasa vor mkg sin pgu pm kuc TIE* DONG I 1
      492 words

  • Page 23 Advertisements
    • 1393 23 IVISSIL VOT KHH HKO SIN PKL DXB »A 1 DMM BIK IRAN KERMAN PCL34O SKIP SKIP 09/12 SKIP 17/12 IS/12 24/12 26/12 IRAN LORE STAN PCLSOI4 SKIP SKIP 16/12 IS/12 2S/12 26/12 02/01 04/01 IRAN SATTARI PCLBOIS SKIP SKIP 11/12 17/12 27/12 21/12 04/01 06/01 CAPt FRIO PCLSOI6 SKIP SKIP
      1,393 words
    • 663 23 i i UK CONTINENT SERVICE Loading for GOKCAN RTM/ATW/BMN/UK/NAN KALMA RTM/ATW/BMN/UK/NAN Loads Singapore. E7W Malaysia. Indonesia MIDDLE-EAST SERVICE" Loading for J FRIEND DBI/ABU/DOH/BRN/DMM/KWT RAVENA DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, E7W Malaysia. Indonesia USA SERVICE Loadrig for SEABEE CAM/NFK/SAV/NOL AVENTICUM CAM/NFK/SAV/NOL 'loads E7W Malaysia. Indonesia F.E./S.E.A. SERVICES S pore Loading for ORCHID INC/BSN
      663 words
    • 1173 23 JSSia m M ESI 4*U*w* I 022« 82/12 64Z12 MLMUI Plow 04/1? £'/n PACIAMPA 1043N Q4/U OS/11l iIiMUTi 7 UZ3 ZjUZRZ ZSzuZZ PAC lAMOA IW4N 04/12 07/H _UCSUUI fiUfl 11/1? 11/n LM!» SCZI2 o«/n alamjaya 2 MM H/n 14/ia ZealSma iohm w/n 01/12 p*C uwda -OS7W 10/u )i/n PACIAMPA 109>W
      1,173 words

  • Page 24 Advertisements
    • 612 24 IfflFMffMSI KiWttni 139N 04-07/12 13-14/12 ■fffjfflffl TIGER SHARK 140N M 10/12 17-11/12 2324/12 ■RMMMI 6ER SKY 141N 13-14/12 20-21/12 27-21/12 1 ■UUtUM *1631 SEA 142N 16-17/12 24 25/12 30-31/12 HHMB TIGER BRIDGE 143N 20-21/12 27-28/12 03-04/01 I -IaiRAISAM 14S 03 03/12 M-11/12 ?0-;0/12 U ■MMffMiaiPA 119 03-04/12 10-12/12 20-21/12 I
      612 words
    • 1030 24 FREIGHT LINKS EXPRESS PTE.LTI>« 51 Penjuru Road, 3 Level, Flight Links Express Logisticentre, Singapore *****3 E-mail: flesin@singnet.com.sg LCL SERVICE TO JAPAN/INDONESIA/PHILIPPINES/CANADA OSAKA KOBE JAKARTA VANCOUVER YOKOHAMA NAOOYA CEBU TORONTO MANILA MONTREAL Booking 6267# 5565/4694/5535/5580/5541/5506/5569/5560/5563/5514 fJf|l' PROJECT HEAVYLIFT CARGO tk (CONVENTIONAL RORO) jfoXW < Lawrence Lim 6267 5555, H/P: 9749 1977
      1,030 words
    • 1377 24 Irb IPDZ LINES Mm CUSTOM savw: TIL 4211-55H FAX:*2I7-11*0 Wfc SmGAfOCL TONG JOO SMffING PTI LTD hMkMpetfuMLH REGULAR CONTAINERISED SERVKES TO MAUYSU, BRUNEI, MTAMMAt AN* VIETNAM nun ror ha tin «cm nssti nr n>hi dm nssti wr raw nun nr itiwi wm I lUNGAMASI 111 l >4/11 OA/11 GtSIHO 3W
      1,377 words
    • 213 24 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI Ivpsa I VOYAtt tTASWGAMM ETA KARACHI SUGOOtU I 01IHW 73/11/03 03/01 AM IMUITW I 011 MWf M/01AM 30/01/04 SEA-PAC MANAGEMENT PTE. LTD. 70 Anion Rood #17-07/08 Apax Towtr, Singapore *****5 Tatephon*: 6270 0977 VII Fowimik: 6275 2309 >11 T>Ux:
      213 words



  • Page 27 Miscellaneous
    • 118 27 5 FOR 7AM 3 Dec 2003 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols -y showers Fu circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day L One full fleche represents 10 knots x Hazy
      118 words