The Business Times, 12 December 2003

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Total Pages: 30
1 30 The Business Times
  • 11 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE I Internet: http://business-times.asial.com.sg
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  • 667 1  -  Venture to offer consumer credit products in Thailand By Siow Li Sen [SINGAPORE] DBS Bank yesterday landed a significant deal that should cheer its shareholders. The impeccably-timed venture will see DBS piggyback on Thailand's largest mobile phone operator to sell credit cards and
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  • 607 1  -  KL, Bangkok, Manila to negotiate economic pacts with Tokyo From Anthony Rowley in Tokyo JAPAN agreed yesterday to open formal negotiations with Malaysia, Thailand and the Philippines with a view to signing broad economic partnership agreements with the three countries at "the earliest
    AP  -  607 words
  • 70 1 STI 1,720.19 (+9.04) ST INDEX FUTURES 1,714.00 (-fi.oo) SIMSCI FUTURES 211.10 (+0.70) Thursday Chang»' KLSECOMP 75W.WI -0.91 NIKKEI 2S .10.075.14 >W4> HAMi SEN(i li.554.5K I5fiill SET INDEX «92 JAKARTA < OMR »7 :Ui MANILA COMP _1;I58M -0.4» TAIPEI WP1 «M>7.U5 aniLnv. am -cn SHENZHEN B. ***** .041 Al ST
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  • 89 1 FRIDAY, DECEMBER 12, 2003 FOREX RATES US$ S$ I SS fSSperl SS) 1.714 V(1SS SSpcrV) 1 740 2.9M3 Kl KO|l SS/'S$/K| 121* 2.W7 YEN ItWJ 63.10 KM. :«.WW 1217 HKS 7.7R4 4",29 BAHT :»9 7« £12(1 Kl 1*1 Ml \49» 4.957 RENMINBI M299 4H4I INDIAN RI PEE— 4i->4 2657
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  • 634 1  -  But PM says some cabinet members against the plan From Eddie Toh in Kuala Lumpur CONTRARY to recent press reports, the Malaysian government has not yet decided to shelve the multi-billion dollar project to build a trans-Asia railway through the peninsula. Prime
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    • 680 2  -  Strong fundamentals, attractive valuations bode well for stocks By Kenneth Lim [SINGAPORE] "Red hot", "very optimistic" and "roaring to go" these are some of the upbeat notes of analysts on the market and economic outlook for 2004. Citing strong fundamental indicators and attractive
      680 words
    • 533 2  -  Sinomem 28th in Asia-Pac with 547% growth in revenue over 3 yrs By Raju Chellam [SINGAPORE] Seven fastgrowing technology companies from Singapore have made it to the 2003 Deloitte Touche Tohmatsu Asia-Pa-cific Technology Fast 500 rankings. The list ranks
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    • 57 2 WE said in our "High-tech wishlist" of Dec 10 that the 02 xda II had an antenna. It was the previous model, the 02 xda, that had an external antenna. The antenna of the 02 xda 11, an all-in-one personal digital assistant, handphone and camera, is embedded in the
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    • 587 2  -  Japanese industrialists tempted to bypass Asean if China is more attractive Reports by Anthony Rowley in Tokyo JAPANESE business leaders yesterday issued a strong call for Asean states to integrate their economic and industrial systems more closely especially in the areas of motor vehicle
      BLOOMBERG  -  587 words
    • 303 2 THE Japan-Singapore Economic Partnership Agreement, or JSEPA, has brought significant gains in mutual trade and investment while at the same time deepening cooperation in financial services, a government review reported yesterday on the first anniversary of the pact. The joint review of JSEPA by
      303 words
  • Page 2 Advertisements
    • 58 2 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 ID ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg
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    • 58 2 m A m b i en t wßm Acoustics Small boxes of delight fll M*' Castle Acoustics I• w* Compact home I St! theatre speaker 4^K system f I A Fortress of Sound. Ambient Acoustics Pte Ltd -A #02-10 The Adelphi Shopping Centre,l Coleman Street Singapore *****3 A JrerJw let
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    • 286 2 BT, with compliments You can get a complimentary copy of The Business Times Weekend edition tomorrow at Scotts, Liang Court, Plaza Singapura Funan, Lot 1, Tampines Mall, Clarke Quay and IMM while stocks last Foreign newspapers magazines online subscription website Wide Selection ofpublication from Hong Kong, China. UK, USA, Canada
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  • Page 3 Advertisements
    • 74 3 VACHERON CONSTANTIN Manufacture Horlogere Geneve. -M/ nN /> /r v\ -:-5l /Jl i gra. v 9 rw^atarwr^iT^-, £fl m rwtvA m i H E m J Wi v iSI Br ■Jl wfl P>. B^B^KfiB§s^gfcjjflE^pß|^sM»Si^:'^. ewP'^ /fflfte. TJ J~'/h£~ yS Depuis 1755. Authorised Retailers Singapore: Cortina Watch Sincere Fine Watches Roy
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  • SINGAPORE companies
    • 756 4  -  HOCK lock siew teh hooi ling AVERY encouraging trend is taking place among small and medi-um-sized companies in Singapore. One-and-a-half months ago, five local engineering companies announced they had formed a consortium to bid for multi-million dollar projects in the oil and gas
      756 words
    • 164 4 Reuters DBS Bank will lead arrange a $165 million loan for a $200 million desalination plant by Hyflux Ltd, Singapore's biggest water treatment company by market value, banking sources told Reuters yesterday. Hyflux will provide a total equity investment of $35 million, the
      Reuters  -  164 words
    • 631 4  -  Small market size and local banks' limited resources cited among reasons By Joyce Koh FROM the looks of it, the local bourse is likely to remain a market of choice for foreign small and mediumsized companies to list for a while. Large foreign
      631 words
    • 450 6  -  Interest in water plays, attractive valuation lead to heavy trading By Joyce Koh LIKE many of its "water play" predecessors, Asia Environment Holdings (AEH) yesterday made a splashing debut on the local bourse, with its share price almost doubling to 45 cents from an IPO
      450 words
    • 297 6  -  By Kenneth Lim WITHIN three minutes, hungry investors yesterday snapped up 2.75 million placement shares of main-board-aspirant Creative Master Bermuda at 28 cents apiece, taking advantage of DBS Bank's new firstcome, first-served system for ATM applicants. That reaction was reminiscent of the IPO
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    • 371 6  -  By Kenneth Lim SBI E2-Capital, the boutique corporate finance firm that helps companies list, could finally be seeking an initial public offering for itself. Sources said yesterday that the firm, led by veteran banker Choo Chee Kong, hopes to lodge a preliminary prospectus with
      371 words
    • 368 10  -  European-style cash settled warrants priced at 27.74c each By Serena Ng CONFIRMING earlier news reports, DBS Bank yesterday unveiled an issue of 20 million call warrants on Singapore Telecommunications shares. The European-style, cash-settled warrants are priced at 27.74 cents apiece, and each warrant will initially
      368 words
    • 241 10  -  By Taila Krishnakumar MAYBANK Malaysia has powered ahead, making the most of its Qualifying Full Bank (QFB) privileges after it was awarded the status just two years ago. To mark the second anniversary' of its QFB status, the bank yesterday unveiled its newly renovated Holland Village
      ARTHUR LEE  -  241 words
    • 286 10  -  By Chen Huifen CHINA'S dominance as the "factory of the world" is taking away foreign direct investments (FDIs) from South-east Asia, but the impact may not be that considerable. said Keppel Corp's executive chairman Lim Chee Onn. "Clearly seen is the increase in intra-Asean
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  • Page 4 Advertisements
    • 245 4 qdbs V ./'V >'Cv /1N (fix* n y' a *IPP '.Jv v BL_ IBBK DBS Points during this festive season. DBS Black is indeed the most rewarding card. The DBS Black Card is the only card that rewards you with double points forever. But as a special festive season treat,
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 159 6 Where to wine, dine and entertain... fy: Worid of Exd Privileges Treats XINCA C/V^INN iettood restaurant 62gzEl3(^QM5fi3im Open-air with sea-breeze Attap roof dining atmosphere Try our specialty live seafood Lobster Sashimi Drunken Prawns Chilli Crabs plus Razor Clams, Geoduck, Variety of Live Fishes etc. Steamed, BBQ, Deep-Fried etc. 920 East
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    • 179 6 "East Meets West" rf/7 Buffet Hi-tea Every Saturday, Sunday ]x\l Jii Public Holiday at Cafe Vanda u 12.00pm 4.30pm yX Adult $14.80* '(^7/^SP Child S10.00»*» (4-12yrs) y V 9 Tea favourites include Dim Sum, Satay, Loksa, Rojok, Chicken Pie and more! Popular desserts like Chendoi and Homemade HonyaKuey For parties
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    • 234 6 F RE E 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 BACCHUS Waterboat House Serving great wine, good food, stunning I waterfront view great ambience. Ideal for corporate events, product launches, private
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    • 205 6 Pre-Chrjstmas Celebrations 16 -23 December You don't have to wait till Christmas Day to enjoy traditional Stirffcd Roast Turkey Honey Glazed Ham and other traditional treats, join us at St. Gregory's Brasserie Courtyard 16-23 December Pre-Christmas International Buffet Lunch Adult $25 Child $15 16 17, 21-23 December Pre-Christmas International Buffet
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  • Page 7 Advertisements
    • 214 7 V-' •-I};.;;:: v £r. -•'■■>'' £<%• .y*-*f"-:> .r- v, 5- i <■ Xt£ ,3 .->" "'-'s > it i •> v- -<.'#• ">v-''7 -v r t: i: O%\.H ,I r V. ''v -•v-Vifc r a:< Mf4; vP :'&~'*£''t* r <:'~. > v < 1 A -'i WIERICftNI ■EXPRESS fIMHI LONG
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  • SINGAPORE markets
    • Article, Illustration
      577 8  -  Compiled by VEN SREENIVASAN Ytfl International Dm 11 do** $1-23 YHl's share price has doubled since its IPO in July on the back of a positive outlook for the China auto industry. While prospective PE of 15x is on a par with the current market valuation, it is
      Source: Bloomberg  -  577 words
    • 285 8  -  HOT STOCK WARRANT By Ven Sreenivasan HEALTH tonics and supplements group Cerebos Pacific is one of those companies which believes in distributing "generous dividends. It recently announced a dividend payout of $50 million, or 16 cents a share, after reporting a 64 per cent
      Source: Bloomberg  -  285 words
    • 511 8  -  BT comment STOCKS r. sivanithy NEW listings often breathe new life into the stock market, particularly when the companies concerned operate in a popular, in-vogue sector and when the market as a whole is short of ideas. Such was the case yesterday, following
      Source: Bloomberg  -  511 words
    • 643 8  -  BT comment CURRENCIES Investors should also watch key 10,000 level for Nikkei larry wee TODAY'S tankan survey of Japanese business sentiment could call the shots for the US next move, after market speculation that the Bank of Japan's hand was pretty heavy in Wednesday
      Source: Reuters  -  643 words
    • TRADES TO WATCH
      • 85 8 FOO Kok Wah, an executive director of main-board-listed engineering solutions group Trek 2000 International, on Dec 9 sold 50,000 shares at 52 cents apiece. His open market sale reduced his direct shareholding in the company to 0.56 per cent, or 1.41 million shares, from 0.58
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      • 117 8 FUND manager Aberdeen Asset Management Asia on Dec 10 sold another 38,000 shares of retailer Robinson and Company for a total of $283,100, representing an average price of $7.45 per share. The open market disposal reduced Aberdeen's deemed shareholding stake in Robinson to 10.97 per
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      • 99 8 THE executive chairman of Willas-Array Electronics, Leung Chun Wah, has raised his deemed shareholding in the Hong Kong-based company further after a purchase of another 365,000 shares by his vehicle Open Mind Profits at 23.5 cents apiece on Dec 10. This raised his deemed shareholding in
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      • 88 8  -  Compiled by SERENA NG ENGINEERING and property group Guthrie GTS said its executive chairman, Putra Masagung. increased his stake in the company again following a purchase of 250,000 shares on Dec 10 at 24.3 cents apiece. The purchase was done via his vehicle Tiara Holdings Ltd,
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    • Article, Illustration
      144 8 OTHER SINGAPORE INDICES Dec 11 VALUE CLOSE BT OB/OS -138.00 -48.00 BTCA04 -*****.00 +86.00 BT 10-day MA *****.00 -14.00 M-SG Equities 463.80 j-2.69 SG Equities Elect 170.32 -0.01 SG Equities Fin 1458.46 +16.33 SG Equities Prop 426.11 -1.40 MSCI Singapore 211.14 +1.37 SJMSC1 Futures 211.11 +0.70 (lob Closing /inns arr
      144 words

  • PERSONAL finance
    • 1096 9  -  CHRIS FIRTH shows the many methods of choosing the best funds CHRIS FIRTH MISS World is over for another year, but we'll soon be able to enjoy beauty contests of another kind. Investment performance awards purport to select the best funds of the year. Not surprisingly,
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  • Page 9 Advertisements
    • 77 9 6pcs Hong Tan Sofa Set 4pcs Hong Tan Hong Tan Side Table Set £548" 7pes Dining Set 11 I Altar Table 6pcs Hong Tan Sofa Set w/ H FIB Cushion Glass Top '¥H0 'hM Hong Tan Assorted *j6B Hong Tan Hong Tan Book Shelf Door Display Cabinet HMWwnaw JIAYI FURNITURE
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    • 75 9 RICHEVILLE TONNEAU LARGE DATE AND MOON PHASES INDICATOR, AUTOMATIC GP GIRARD PERREGAOX Exclusive Distributor: BMI A division of FJ Ber\jamin (Singapore) Pte Ltd Tel: 6737 3786 Website: www.fl-benjamin.com Available at all authorised retailers: CORTINA WATCH Millenia Walk Tel: 6339 1728 Paragon Tel: 6235 0084 ROY EASTERN WATCH Lucky Plaza Tel:
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  • 6 10 Transaction date: Dec 11
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  • 76 10 ..H"** J* Last Vol Day Last Quote GrOrv On GfTld Net MG»p **9" U»» Code Company Sale w- DOC High Low layer Setter Cm Ml Sm5 8780 2000 6065 Diamonds US2060 2030 9500 6095 IS DJ US Tech US3740cd 6097 IS MSG Spore USSSS 6101 (SS&PS00 US8270cd 9650
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  • 2100 10 irm T«t Last Vol Day Last Quote GrOtv On GrYld Net MCap High Low Code Company Sal* *>- 000) Hi* Low fciyw 5e«*r S Cvr S PH s5 26 7.5 SOOO A8R Hldgs5c 19 18 21 367 42 12 9 2101 APOiISc 285 -OS 50 29 28 5
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  • 361 10 52-Wk T«t iatt Vol 0*y Last Quote GrDiv On GrYM Net MCjp High low Code Comply Sol* w- fQOP) Wfti Low »«ty«r S«*f Cw S Wt hw* 193 91 6000 AVJennings A25c A176 unch 23 176 176 176 178 40 8 8 5.7 6.7 3788 6001 Cath*yPac20c HK720
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  • SINGAPORE news
    • 432 11  -  EYE ON THE ECONOMY NUS forecasters say economy will grow 3% even if Sars hits again By Anna Teo THE early official 2004 growth forecast of 3 to 5 per cent is well within reach even if Singapore should see a recurrence of Sars.
      Source: NUS-ESU  -  432 words
    • 487 11  -  Club members gather support to call meeting over $28m bill to renew lease on property By Ven Sreenivasan MEMBERS and the executive council of the Singapore Island Country Club are headed for a potentially ugly showdown over the council's decision to make members foot
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    • 138 11 A NEW voluntary management quality standard which will be officially launched by the Law Society of Singapore late next year, may mean lower insurance premiums for Singaporean law firms. The standard, called Prime Law, was announced yesterday at a soft-launch held by the Law
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    • 381 11  -  By Tang Weng Fai SINGAPORE'S second largest power generator by licensed capacity, PowerSeraya, yesterday said it was considering spending $80 million to repower up to four decommissioned steam plants to raise generation efficiency and trim costs. The exercise will see the repowering
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  • Page 11 Advertisements
    • 188 11 vulCain MANUFACTURE DEPUIS 1858 "Vulcain Cricket, the ivorld's first mechanical alarm-watch. V M n I i SfmH A The distinctive legacy of Vulcain as "The world's first mechanical alarm-watch" lives on today. The rebirth BEw of the Vulcain Cricket with its lifelike strident cry oi the diminutive cricket on a
      188 words
    • 253 11 Pure Emotions, Delicate Beauty Cheng Ya Jie A Solo Painting Exhibition by Best collections Roses, 100 xBocm, </v BMBBMBIHHBBHK 2003, oil on canvas Balinese Tales, 100 x 100 cm, Balinese Tales. 60 x 80cm, 2003, oil on canvas 2 003, oil on canvas Saturday, December 13 th 2003 (faU&Kf Cocktail
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  • EDITORIAL & opinion
    • 729 12  -  THE bottom line OPINION shada islam EUROPEAN Union leaders meeting in Brussels this weekend are hoping to finalise negotiations on a new treaty preparing the bloc for its May 2004 expansion to 25 states. The plan is to hammer out the deal
      729 words
    • 81 12 'People who engage in evil believe in some real sense that they are doing good.' -Errol Morris a maker of film documentaries, on the nature of decisions that lead to war. 'Taiwan people have the right to say loudly that they oppose missiles and are for democracy,
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    • 609 12 EDITORIAL PRESIDENT George W Bush recently announced plans to remove the controversial tariffs which his administration imposed on US imports of steel in March 2002. A generous explanation would be that America conceded as a matter of principle after the World Trade Organization (WTO) declared such tariffs
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    • 860 12  -  By reacting forcefully from 2001 onwards, he prevented the Fed from making a third big blunder and set the stage for the current turnaround By Robert J Samuelson The Washington Post Writers Group IT may ultimately be said of Alan Greenspan that he enjoyed his
      The Washington Post Writers Group; AFP  -  860 words
    • 891 12  -  MAIL bag Toh Shin Hao Singapore PLANS for the renewal of Ang Mo Kio Town Centre were first announced by Deputy Prime Minister Lee Hsien Loong in 1996. Thennational development minister Lim Hng Kiang commented in 1998 that the town centre's
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  • REGIONAL news
    • 515 13 MANILA It revises upwards its forecasts on rapid expansion in China AFP CHINA, South Korea and the South-east Asian nations are expected to grow 6.1 per cent this year and 6.6 per cent in 2004, the Asian Development Bank (ADB) said yesterday,
      AFP  -  515 words
    • 282 13 BEIJING Bloomberg CHINA needs at least one trillion yuan (Ss2os billion) to help the country's largest state-owned banks reduce bad loans and prepare them for domestic share sales, according to Fitch Ratings. The amount, a 10th of China's gross domestic
      Bloomberg  -  282 words
    • 314 13 HONG KONG Earlier IPO's price jump, HK tycoons' interest fuel public interest AFP THOUSANDS of anxious Hong Kong investors rushed to beat the application deadline for the biggest global initial public offer this year by China Life Insurance which closed yesterday. China Life
      AFP  -  314 words
    • 193 13 KUALA LUMPUR AFF MALAYSIA'S budget airline Air Asia has held talks with Richard Branson's Virgin Blue Holdings on issues including the possibility of Virgin taking a stake in the local carrier, a top official said yesterday. "We have had preliminary talks this year.
      AFF  -  193 words
    • NOTE Book
      • 101 13 Bloomberg [JAKARTA] Indonesia pledged to sell another 20 per cent of PT Bank Internasional Indonesia (BII) and to divest control of PT Lippo Bank and PT Bank Permata in its last agreement with the International Monetary Fund (IMF). It made the pledges in exchange
        Bloomberg  -  101 words
      • 73 13 Bloomberg [BEIJING] China s economy will probably grow more than 10 per cent in the second half 0f2003 as its industrial sector expands to meet rising demand at home and abroad, Standard Poor's said. It said expansion may be too rapid in
        Bloomberg  -  73 words
      • 65 13 Bloomberg [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest supplier of made-to-order chips, said sales this quarter may reach a record, exceeding its expectations. TSMC had said it expects wafer shipments to grow by less than 10 per cent in the fourth quarter from
        Bloomberg  -  65 words
      • 66 13 Reuters [JAKARTA] Indonesia's biggest telephone company PT Telekomunikasi Indonesia Tbk (Telkom) said yesterday it had no plan to delist from the New York Stock Exchange. The remarks followed a statement by State Enterprises Minister Laksamana Sukardi earlier this week that the government would
        Reuters  -  66 words
  • Page 13 Advertisements
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    • 66 13 Jeanßichard HHH TV SCREEN GRAND CALENDRIER Exclusive Distributor: BMI A division of F Benjamin (Singapore) Pte Ltd Tel: 6737 3786 Website: www.fj-benjamin.com Available exclusively at: DELUXE EASTERN WATCH Centrepoint Tel: 6235 2536 ROY EASTERN WATCH Lucky Plaza Tel: 6734 3139 THE HOUR CLASS Ngee Ann City Tel: 6734 2420 Raffles
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  • Page 14 Advertisements
    • 4909 14 Notices UtfSß HIAP HOE LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hiap Hoe Limited ("the Company") will be held at Mertion Room, Superßowl Golf and Country Club, 6 Manna Green, Singapore *****9 on 29 December 2003 at 11.00 am for
      4,909 words
    • 1038 14 IN THE MATTER Ol THE COMPANIES ACT. (CHAPTER 50) PI'RSI)ANT TO SECTION 21NKI xbi Al a General Meeting. .1G ABERON PTE I.TD dul> convened and held at 4.1 Rue du Rhone. 12(14 Geneve, Swi/erland on XI Vcetnhei 2(10.1. Ihc follow ing resolutions set out helot* »ere dulv passed SPECIAL RESOLUTIONS
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  • WORLD news
    • 498 15 WASHINGTON Decision follows Bash's telephonic talks with leaders of Germany, Russia and France NYT FACING anger abroad, the Bush administration has put bids for US$lB.6 billion worth of Iraq reconstruction contracts on hold. The administration's plans announced the previous day excluding Russia, Germany,
      NYT  -  498 words
    • 340 15 NEW YORK Company is not a defendant in case filed by JP Morgan Bloomberg JP MORGAN Chase Co sued Global Crossing Ltd's ex-chairman Gary Winnick and 22 former executives for US$l.7 billion, claiming they fraudulently misrepresented the fibre-optic company's finances. Global Crossing, which has emerged from
      Bloomberg  -  340 words
    • 470 17 LATEST US DATA Analysts say the job market is rebounding going into 2004 Reuters. Bloomberg [WASHINGTON] US retailers had a merry start to the holidays as November retail sales rose, but initial claims for jobless benefits jumped last week, according to
      Reuters.; Bloomberg  -  470 words
    • WORLD Watch
      • 110 17 Bloomberg [PARIS] Billionaire French businessman Francois Pinault (right) and the French government reached a tentative agreement with US prosecutors to pay US$76O million to settle charges related to failed California insurer Executive Life, the Wall Street Journal reported. Under terms of the accord, Mr
        Bloomberg  -  110 words
      • 119 17 Reuters [NEW YORK] The Bank of New York Co has emerged as an early beneficiary in the high-stakes effort to offer investors independent stock research, and is close to clinching a key role in contracts worth at least US$5O million, according to people
        Reuters  -  119 words
      • 82 17 Bloomberg [TOKYO] Consumer digital camera shipments will reach 71.2 million units worldwide in 2006, from an estimated 40.9 miUion units this year, as Canon Inc challenges Sony Corp's market leadership, a research group said. Shipments of digital cameras for sale under US$l,OOO may rise
        Bloomberg  -  82 words
    • 310 17 SEOUL KIC, to be launched in 2005, to manage US$20b of reserves Reuters SOUTH Korea is setting up an agency to invest some of its US$l5O billion in foreign exchange holdings a move that may further worry financial markets anxious that
      Reuters  -  310 words
    • 206 17 LOS ANGELES FT. Bloomberg, LAT-WP MOODY'S Investor Service this week downgraded US$37 billion worth of Californian bonds by a notch, raising the pressure for a solution to the state's Budget woes. The downgrade, from A3 to Baal, marked Moody's third devaluation of California's debt
      FT.; Bloomberg,; LAT-WP  -  206 words
  • 1615 15 liWIW'lilMrilWli M* nfflW 'unrHWrr- >il^lMMWiaiMMWWMWWMWWB SXCOM POTTOB Dec 11 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 04 220.50 Feb 04 221.00 Mar 04 221.50 Apr/Jun 04 224.00 RSS 3 (US cents/kfl) Volume Open Month High Low Sett (tonnes) Interest
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  • Page 15 Advertisements

  • 6 16 Transaction date: Dec 11
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  • 5 16 Transaction date: Dec 11
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  • 832 16 Transaction date: Dec 11 sxt w dw e>m« MKt a—a w o— 01*19# ANgreanSOc 040 1.090 *0.020 NaCSta* 50c 0 37 2»0 .0030 CAC 0.78 6.050 OCBC 891 12.200 *0100 CapitaLand 1.20 1550 0020 OUC 0.49 7.050 *0.050 Chart SanvCond 26c 139 1.5*0 *«.0)0 Nrtcw» H 25t 0.49 0.970
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  • 628 16 BONDS WARRANTS Pram Expiry Tal La>t Vol Com Exar Mk Gmt- Mttif Cod* Company Sate «t- COOP) Hatto Price »9 loft 3698 ASTIW*****1 255 15 7 1 16 163 6 3697 AcmaLtdW*****6 1 1 SO' 437 9SO 11 3602 Amte* W*****0 120 1 33 5 1.22 18 3603 Armstrong W040S20
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  • Page 16 Advertisements

  • Article, Illustration
    1081 17 Transaction date: Dec 11 DfTERBAWK CROSS RATES AS C$ Bmb Euro HKS Ind Rs Rupiaf. Yen Won RM KZ$ PHh >wo S$ Rand Sfr NT$ Baht Pound US$ Australia 0.967 6.116 0.605 5.722 33.561 62.622 0.796 8.753 2.800 1.139 42.286 40.858 1263 4.741 0.937 25.089 29.312 0.424 0.737 Canada
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  • 54 17 UNIT TRUSTS FUNDS LEGEND: AM pnces arc indicative except for f Ei Ringgrt Assets: Broadly Diversified.! Narrowly focused; S Lower Risk Low to Medium Risk, ft Medium to High Risk; Higher Risk; open-ended; < Before subdivision of units, After subdivision of units, SP after stock split N A- Non Dealing
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  • THE ARTS/MUSIC
    • 518 18  -  They are likely to draw the biggest cheer among the concerts this month, says KANNAN CHANDRAN KANNAN CHANDRAN IT'S nice to welcome back that year-end rush of festivities. Concerts by Lobo, Duran-Duran, and a trio of old faves who have been on the circuit for
      518 words
    • 557 18  -  By Cheah Ui-Hoon BEHIND every vibrant theatre scene should be a fostering of local talent be it play writing, acting, directing or staging. The Writer's Lab, started in 1991, nurtures writing talent, arguably the starting point of good local theatre. A writing programme that has
      557 words
  • Page 18 Advertisements
    • 75 18 MSkn V ISLr. JQP; Ijm^L HARMONIOUS (Hpl I Standing Monk The original standing monk, probably one the disciples a copy a Dynasty bronze the Museum's collection. reproduction, from the is cast in bonded bronze, then hand patinated. 9HHHI the ME 1 ROPOLI lAN T /M~- Centrepoint Raffles City Suntec City
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    • 332 18 COMPLIMENTARY BT OUT of the office tomorrow? Then ask for a complimentary copy of The Business Times at Millenia Walk and selected F&B outlets at the following malls: Scotts, Liang Court, Plaza Singapura, Clarke Quay, Funan IT Mall, IMM, Tampines Mall, and Junction 8. w Hl-P INTERNATIONAL LIMITED (Incorporated in
      332 words
  • Page 18 Miscellaneous
    • 272 18 CRYPTIC CROSSWORD ACROSS 4 Overdrawn in hire charge the rat (6) 1 Cause of bowler's exhaus- 5 Enterjng Amencan Jion. (10) n order jn 6 I entered by means of land-ing-stage (4) 7 Hard time a region suffered 9 Energetic signal to proceed 4 3) (2-5) 1 8 Thought it
      272 words

  • PERSPECTIVE/COVER STORY/CINEMA
    • 716 19  -  OFF the cuff Can't wait to watch the end of the Lord of the Rings trilogy? Before yon do, find out what Lord Sauron has to say about it first jaime ee BEHOLD, ye, brethren of Middle Earth! It is I, Sauron, the sire
      716 words
    • 624 19 TEOCHEW food with a twist, that's what restaurateur and hands-on chef, Eric Chua, 30, wants to serve at his new restaurant in the Telok Ayer area. A hands-on chef who began apprenticing in the kitchen when he was only 10 years old, Mr Chua has
      ARTHUR LEE  -  624 words
    • 594 19  -  In the Cut depicts plenty of sex but precious little romance and even less soul By Geoffrey Eu IN taking on the demanding role of an emotionally distant, sexually needy and psychologically troubled writing teacher, Meg Ryan sheds more than just her clothes for In the
      594 words
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  • EXECUTIVE Lifestyle
    • 835 20  -  CHINATOWN is known for its immigrant past, where the forefathers of present third or fourth-generation Chinese Singaporeans flocked to eke out a living and in the process, built modern Singapore. A past pretty much forgotten by the present as vague memories of that era linger on
      CHRIS LOH  -  835 words
    • 804 20 LOH Lik Peng didn't know much about Chinatown, nor Keong Saik Road, until he bought and renovated his boutique Hotel 1929. "It's not just me. I think it's an area that many young Singaporeans don't know very well either," claims the accidental hotelier. Then again,
      CHRIS LOH  -  804 words
  • Page 20 Advertisements
    • 460 20 Outperform a 11. Sharp Mind We all know how important it is to perform optimally at work, especially in today's IJM changing economic climate. Situations at work often call for you to stay sharp and alert to remain on top of things. Be it closing that important business deal or
      460 words

  • SHIPPING TIMES
    • 262 21 Reuters THE Baltic Dry Index rose 31 points to 4570, the Baltic Capesize Index rose 85 points to 6531, the Baltic Panamax Index fell 2 points to 4393 and the Baltic Handymax Index rose 101 points to *****. Good Luck (built 1984) *****8 dwt delivery Redcar 20/21 December
      Reuters  -  262 words
    • 308 21 SGX 000 Dec 11 SS Vol CM Offshore 0J5 0.01 299 Chuan Hup 046 0.01 304 Cosco Investment 0.60 0.01 1671 CWT Distribution 0 56 0.01 28 EzraHldgs 0.89 0.01 288 Freight Links .0.09 -001 143 GB Holdings 0.67 0.01 29 Jaya Holdings 0.76 unch 1126 K1 Venture
      308 words
    • 737 21  -  JTJB also helps promote S'pore as an International Maritime Centre By George Joseph [SINGAPORE] A Singapore law firm has established a shipping practice in Greece and is at the same time flying the flag for Singapore in the Greek port city
      737 words
    • 530 21  -  The phone is located away from bridge and uses pre-paid calling cards By Donald Urquhart [SINGAPORE] Seafarers' access to international voice communication aboard ships has been given a boost by global satellite communications company Inmarsat, through its Crew Phone technology. Tighter
      530 words
    • 172 21 Bloomberg [CALGARY] Teekay Shipping, the world's largest tanker owner by market value, said it will write down the value of its fleet by about US$5O-US$6O million in the current quarter because of a required phase-out of some single-huU tankers. The writedown representing about 1.5
      Bloomberg  -  172 words
    • 272 21 Tokyo, which imports all its oil, fears ship attacks may hurt economy AP [TOKYO] Japan and Southeast Asian nations need to increase their efforts to thwart piracy and keep weapons of mass destruction from reaching terrorists, Japan's trade minister said yesterday. Trade
      AP  -  272 words
    • 179 21 [SINGAPORE] A leading US maritime law expert will give a public lecture on post Sept 11 security initiatives here on Monday as part of the Maritime and Port Authority of Singapore's (MPA) Distinguished Visitor programme. Professor Robert Force, co-director of the Maritime Law Centre
      179 words
    • 207 21 Bloomberg [HONG KONG] Modern Terminals, Hong Kong's sec-ond-largest port operator, denied a report that construction of its new port in western Shenzhen is being delayed. "The first berth will come on stream in 2008, the same old timetable right from the beginning."
      Bloomberg  -  207 words
    • SHIPPING news
      • 1137 22  -  ADMIRALTY CASEBOOK But negligence may have been the proximate cause of sinking of vessel and appeals court refers this point to district court for trial By Selva Kumar THE US Coast Guard is not liable for the loss of a
        1,137 words
      • 120 22 Reuters [OSLO] A sunken 18th-cen-tury ship laden with artefacts has been found off Norway's coast during a gas pipeline project, archaeologists said. The ship's bell, bearing the date 1745, had been raised as weU as an empty French wine bottle, presumably from 1760
        Reuters  -  120 words
      • 123 22 AP [MANILA] A cargo vessel loaded with cement had capsized in central Philippine waters, coast guard officials said. All 19 crewmen were rescued. Coast Guard Commander William Melad said the crew of the Dona Trinidad II sent a radio distress signal at 1.35 am
        AP  -  123 words
      • 3 22
        3 words
    • 3 27 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 732 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BTCHUPCHUP *****3 J1 A/SIDE 12/12 030C BTMMGT6S7 *****3 J1 A/SIDE ***** 010C CAGAYAN 34 J4/5 A/SIDE 12/12 060( E LINK 3 ELK312 J4 A/SIDE 12/12 063( EBONI 10/12 J14/15 A/SIDE 12/12 140( EVERISEGLORY 85 J12 A/SIDE 12/12 040( HARAPANSAJA
        732 words
      • 2 29
        2 words
      • 168 29 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 Day. Indonesia: Christmas Day. Italy: Christmas Day. Malaysia: Christmas
        168 words
      • 825 29 TH1S report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        825 words
      • 72 29 U/F unftltcfiMi TIO. r*»*n Is IM4 m tM*M m analyM* OWV NtnlMi SanteM aMtoaa atatract tnm tkrtr imr* HUM toal iwMy rtattotfc* to mM to partldprti* th+tm—n. UTannMrprUhxta—nymM'toe—He towHy. C«w»attoa»>aa kM« nMto wttk Mm IMtrnMtoMl S»Kffic<*«wi LMtt auMMM kv C«mM latorMttMai <M MmMm A Cwnfcattoa (CltoAC)
        72 words
    • AIR & LAND transport
      • 417 30 Airline says ample time to arrange payment before Ist delivery in 2007 Reuters [KUALA LUMPUR] Malaysia Airlines joined the world's top airlines and its regional rivals in the superjet league when it finally announced yesterday a US$l.6billion deal to buy six A3BO
        Reuters; AP  -  417 words
      • 398 30  -  2.4 m travellers passed through S'pore airport last month, exceeding pre-Sars level for first time By Beth Jinks [SINGAPORE] The number of airline passengers travelling through Singapore's Changi Airport last month showed growth for the first time since the Sars outbreak decimated
        AFP  -  398 words
      • 315 30 AP [TORONTO] New York's Cerberus Capital Management submitted a new offer to Air Canada in hopes of bumping businessman Victor Li as the airline's equity partner in restructuring. The offer was delivered to Air Canada on Wednesday, Air Canada spokesman Laura Cooke said.
        AP  -  315 words
      • 177 30 Bloomberg [CALGARY] Deutsche Lufthansa is threatening to end its partnership with Air Canada unless a bankruptcy judge agrees to let Air Canada resume payments on debt guaranteed by the German carrier, court documents say. Air Canada, which has been operating under bankruptcy protection since April
        Bloomberg  -  177 words
      • 447 30 Accord to cover joint flight planning and unification of sales, ticketing AFP [MADRID] Spanish national air carrier Iberia and British Airways see Wednesday's green light by Brussels for them to engage in a commercial alliance is the best way forward in
        AFP  -  447 words
      • 197 30 AP [NEW DELHI] Airlines from 10 Southeast Asian nations will soon be allowed to make daily flights to India, a senior aviation official said yesterday. For decades the number of flights has been restricted, mainly to protect the country's state-run airlines. Airlines
        AP  -  197 words
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  • Page 22 Advertisements
    • 886 22 i TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I ygsa IvOT PEG I ETA SttJ I LONG HAOl| DALLAS I HOUSTON I MEMPHIS loncagol kw took II to AUSTRALIA (AUSTRALIA ASIA EXPRESS) nonaciOYOWMOON mho 09/12 10/12 21/12 30/12 02/01 31/12 31/12 03W voy eta sin kg f5F~] mi
      886 words
    • 546 22 by #Memberso f*. '-I Singapore Logistics Associate Singapore Snipping Association CONTAINERS/ CONVENTIONAL CARGO XkV> POT UANG/SMGAFOSE/JAKARTA UNGKOC \W ETAPKL ETA SIN ETA MALE Prtam* Ul> MM 17/12 19/12 2K/12 Maid Star 544 IVI2 48 12 29/12 UU MARINE SERVICES SINGAPORE PbniM- MM 7244 U3WM4 K*»: 4U47H4 StAM HART AGENCIES SDN
      546 words

  • Page 23 Advertisements
    • 1356 23 TO EUROPE FROM EUROPE lvw«t ivoraw git bmw hw w soii in Ivtssa iwrmi<«inmwvsouwai| MOISOUmON 01«W 12/12 21/12 30/12 02/01 03/01 HYUOAIFRffIOA 31« 22/11 24/11 27/11 20/11 13/12 HYUNDAI HIGHNESS 347W 15/12 01/01 04/01 07/01 06/01 HCLPBKMMNa 012 25/11 V/\\- 30/11 !M2 APIKLAM) 107W18/12 07/01 09/01 05/01 IfICORAI 1151 27/11
      1,356 words
    • 1906 23 q MONTHLY CONTAINERISED SERVICE TO SOUTH PACIFIC ISLAND OF GENERAL AGENTS M SINGAPORE: 00 ROMNSON RO RI7-00 SALES/RKGS TIL *****457/43 MX: 47M5371/24 I SUVA LAUTOKA (FUI) COSTAR SHIPPING PTE LTD smgapore *****0 oumaon/u 64?osoo? I WSSfBr™ 9 9 mm** mtostu raw; PAPEETE (TAHITI) XWOSSOfFKL CONVENTIONAL *****050 *****700 I COSTAR ARONQB
      1,906 words
    • 533 23 Vtssa VOY_ _S«_ JKT HK6 KHH UK EYH PUS VESSEL VOY SIN JKT SUI HKG USD PUS tWC HYimOAJ HUDIVOSTOK 134S 17/12 20/12 25/12 26/12 29/12 31/1? 31/1? KMT( JAKARTA 317S 14/1? 17/1? 11/1? 24/12 24/1? 28/12 3/1 HYPIO6IESS 071t ?4/l? 27/1? 1/1 ?/l VI 7/1 7/1 KMTC PUSAH 31IS
      533 words

  • Page 24 Advertisements
    • 874 24 V7TV CI lUI A Q ENQUIRIES/BOOKINGS: *****344 FAX: ******33 E-MAIL: U C LIVIMO OOCUMENTATtOMS/OPCRATtONS: *****637 FAX: *****177 WUUtWBTWmiWIM Dtmss COHTAJMH SHVW TO SOOTN/WBT AttICA VKStI VOY I SIN I REUHttNLUAMDA POmTE MORE MAT AIM LIIREVIUEAIIOJANTIMA LOME THKAM COTONOU APAPA DOUALA OMNE oqaSf jM, 13/12 7S/12 20/01 OM/Ol 11/ DI j
      874 words
    • 1547 24 WAN HAI INTERNATIONAL PTE LTD ano umswoooc/b VTrr\ tlllkl II A■ lklP#> TIL *****54S (14IMS) FWL-*****163 \V4 >WAN HA LINK V wfnll I Ini LIIILJ mit mirw»uuho.ml*2l2oofwm.win»s«oowlmots** Y ***.W7)BI»raHULIO7mi»WI 9* W-«llD*M7sHU.lßll|im7l4/n»U*5 www winlui (M <■ jn&miISS4iaWL|RI)SSOTIfMia.nUM/7ltW HUtmVO annul.torn.»lE:B*l)4lS7mWL|OH)4l»re/4MWW P6M Ml IK IWT OUS TTO TOO KWS NGO TU| nji 44
      1,547 words
    • 582 24 BSA x M MYANMA FIVE STAR LINE II (MymMor National Liae) Loading for Yongon VfSSIL VOT SIN PKL PEN PGU HPA-AN 31SW SU> PAGAN 323W 01/12 IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTIMB CONVENTIONAL CGO VESSEL VOT HKG SIN PGU PKL KUC fiinass si slo
      582 words

  • Page 25 Advertisements
    • 1288 25 IRISL, }b$ Ikiifgjmi) (fl&sQ 9dm IM(MIh Rs&i), sttf&pite j &n tthiF&ygjih MJJ ®6 }s>? J 0® 3uolkjJi)(sJ SID Uipsjid &8 wsiN frs) q []J3o <s&sniMm §JD Mb® (fagfom) Qv&mft) Mum* AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INDONESIA SI NOSE MARITIME PTE LTD BOOSTEAD SHIPPING AGENCIES SON. BHD PT.
      1,288 words
    • 635 25 d k UK CONTINENT SERVICE Loading tar KALMA RTM/ATW/BMN/UK/NAN ASIRAT RTM/ATW/BMN/UK/NAN Loads Singapore, EVW. Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for J FRIEND DBI/ABU/DOH/BRN/DMM/KWT PLAMER DBl/ABU/DOH/BRN/DMM/KWT toads Singapore. EVW Malaysia. Indonesia USA SERVICE Loading for AVENTICUM CAM/NFK/SAV/NOL NENA F CAM/N F K/SAV/NOL 'Loads EVW Malaysia Indonesia F.E./S.E.A. SERVICES S pore Loading
      635 words
    • 1113 25 vissa voy m raj jossa wii sm *t pacoamda MM n/]2 nm _E4tmg tlfijH 11/n ii/h m UMDk 1099 M 13Z12 14/17 MMIUI7 UZi 14/1? PACOAHPA lIOOM 15/11 15/12 WMIII riQ3l —UZI2 2SLI2 *~PAC PANDA 1101 M 16/12 It/12 AUMIATA7 M7S 21/12 23/12 jMiMBA HQ2M imi i«/i2 ■H^HrrnYnnrrrnvHi^H "»c now
      1,113 words

  • Page 26 Advertisements
    • 621 26 jjgyjgJMEam^ BflSTJfll TIGER SEA 142N 16 17/12 24 25/12 30-31/12 I ■iUiMMITIGEI BRIDGE 143H 20-21/12 27 21/12 03W01 I Wiimja TIGER SHARK 144N 23-24/12 314)1/01 04 07/01 I ■■■■TIGERSKT MSN 27-20/12 o*o4/01 IMI/01 I MiM tiger sea ltiii 30-31/12 07 00/01 13-14/011 ■^^T^erottsnii^^OT^iWi^^/iroiwoil HRfMffflfM KRIPA 120 20-21/12 05 06/01 I
      621 words
    • 1181 26 FREIGHT LINKS EXPRESS PTK.LTI>> 51 Penjuru Road, 3 Level, Freight Links F*press Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 E-mail: flesin@singnet.com.sg J LCL SERVICE TO JAPAN/INDONESIA/PHILIPPINES/CANADA f OSAKA KOBE JAKARTA VANCOUVER YOKOHAMA NAOOYA CEBU TORONTO TOKYO SURABAYA MANILA MONTREAL Booking 6267# 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 f* PROJECT €r HEAVY LI FT CARGO (CONVENTIONAL
      1,181 words
    • 1370 26 IBIVM OftRMOU COO!; «> m PDZ LINES is mm^jss-, xiteas I/ custom til *m-s$H fmhw-uw SMGAWRL TOOG JOO SHtfWIG m LTD (adk KE tULAX COWTAWHtSID SERVICES TO MAUYSUL, MOW, MYAMMAK AMI VIETfUM mm ror nt wa *ia nun wr iu ua mm mat wr_ na» mp nan wt ru ua
      1,370 words
    • 267 26 Tropical SHIPPING LCL FCL CONSOLIDATION Weekly Sailing* wMi Fixed-Day Arrivals to the Caribbean, Central America, South America owd Florido Anguilla Grenada St Borths St. Vincent Antique Guatemala St. Croix Tortola Bahamas Honduras St. Kilts Trinidod Costa Rica Nicaroguoa St. Lucia Turks Coicos Dominica Panama St Moorten Venezuela El Salvador Dominican
      267 words



  • Page 29 Miscellaneous
    • 123 29 g REGIONa! wfathfr FOR 7AM 12 Dec 2003 T 'JF^f^. Issued by Meteorological Service Division,NEA LEGEND: < Thunderstorm Wind speed symbols Showers y Fu circle w/ ,ine indicates calm or light and variable winds p a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents
      123 words

  • Page 30 Advertisements
    • 278 30 r > LtW/ doit Singapore, Pan Pacific Hotel, 12-13 February 2004 tola v/tloot+ti til Tiger Airways The latest addition to the exciting low cost airline scene in Southeast Asia The Low Cost Airline model takes hold The low cost phenomenon is accelerating rapidly across Southeast Asia and Australasia. Within the
      278 words