The Business Times, 16 December 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE I Internet: httiv/'ousiness-times.asial .com.sg TUESDAY, DECEMBER 16, 2003 MITA (P) 024/03/2003
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  • 955 1  -  Concerns over US economy, earnings set to reassert themselves soon By Wong Wei Kong, Larry Wee [SINGAPORE] Most Asian stock markets rose yesterday as investors cheered the capture of Saddam Hussein, but many expect the impact to be short-lived as concerns
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  • Page 1 Advertisements
    • 27 1 US dollar buys time with Saddam's capture, Pg 6 Saddam denies Iraq has weapons of mass destruction, Pg 15 li il Hour Glass wt* i !i > IBS
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    • 48 1 OLEX Role* GMT-Master II and Rolex Lady-Datejust. Officially Certified Swiss Chronometers. www.rolex.com 9 THE HOURGLASS TAKASHIMAYA S C. TEL 6734 2420 RAFFLES HOTEL ARCADE TEL 6334 3241 LUCKY PL\ZA TEL 6733 1262 SCOTTS S C. TEL 6235 7198 MILLENIA WALK TEL 6339 4870 PENINSULA PLAZA TEL 6337 8309
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    • 3 1 RAGE 10 lllllllli
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  • 73 1 STI 1,***** (+15.44) ST INDEX FUTURES 1,746.00 (+16.00) SIMSCI FUTURES 214.70 (+2.50) Monday Change KLSECOMP 788.01 -3.93 NIKKEI 225 1U.490.77 +321.11 HANG SENG _12,***** 74.25 SET INDEX 689.05 +1460 JAKARTA COMP _***** +1.78 MANILA COMP .1,395.23 +11.91 TAIPEI WPI 5,924.24 +65.92 SEOI'L COMP 822.16 +16.08 SHENZHEN B 271.94 +0.15
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  • 79 1 FOREX RATES US* SS IS$ (SS per ISS) 1.709 £(l!S$/S$ per <i) 1.743 1977 EI'R()(1:S$/SS/K) 1 222 £088 YEN 107.9 63.20 RM 3.800 1224 HK$ 7.763 4.544 BAHT 39 64 2:110 Rl'PlAH 8,480 4563 RENMINBI 8199 4.857 INDIAN Rl PEE 45.54 2665 AS 1.353 0.792 NZS 1.547 0.905 PRIME
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  • 495 1  -  Companies are hiring, but more are entering job market By Anna Teo [SINGAPORE] There were more jobs, but even more job-seekers. As a result, the unemployment rate rose to a new high of 5.9 per cent in September. The Ministry of
    Sonurce: MOM  -  495 words

  • 614 2  -  By Siow Li Sen [SINGAPORE] Thousands of stock market investors have been receiving what seem to be bewildering letters from their brokers informing them of their rights, or lack of it in certain circumstances, when they trade. Copies of the letters prompted by the new
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  • NEXT page
    • 602 2  -  All regions and products see rising sales as growth this year touches 16% By Raju Chellam [SINGAPORE] A much-an-ticipated surge in sales of consumer electronics during the Christmas season boosted worldwide sales of semiconductors to US$l5.4 billion in October, which is
      602 words
    • ON THE grapevine
      • 106 2 AFTER holding its initial public offering launch at the offbeat location of Neptune Court, homegrown plastics specialist Hi-P International is planning to break convention once more. It will be sending a lion dance troupe down to the Singapore Exchange building on Shenton Way on Dec
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      • 108 2 THE marketing people at software maker Computer Associates obviously couldn't resist having a bit of fun as sponsor of a private screening of the much-awaited final instalment of The Lord of the Rings trilogy. Borrowing a memorable line from the hugely popular book and film adaptation,
        108 words
    • 714 2 If more of these hanks fail, it could stall nascent recovery, they say From Anthony Rowley in Tokyo AS overall bank lending in Japan continues to spiral downwards, there are fears that the recent collapse of Ashikaga Bank represents only
      AFP  -  714 words
  • Page 2 Advertisements
    • 63 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 TO ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T:+6s 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg 24 Raffles
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  • Page 3 Advertisements
    • 361 3 SINCERE THE WATCH SPECIALIST mechanism inmallv invented t«» tell time in the dark, the Repeater mechanicailv complex movement, the sought-after 1■ >iirbii:«>ri maris now a collectors pri/ed possession. Alter sliding and releasing a vellotislv compensates the negative effects -it the earths lever on the casing, a unique niechanism specialK' designed
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  • SINGAPORE companies
    • 482 4  -  Principle of sharing gains is not a one-off programme, says Koh Boon Hwee By Kenneth Lim SINGAPORE Airlines chairman Koh Boon Hwee has reiterated his management's stand that the national airline cannot continue to pay fixed high-base wages. "We must have a
      FILE PHOTO  -  482 words
    • 499 4  -  It fills more seats as travellers return to skies, bat cargo loads struggle By Ven Sreenivasan SINGAPORE Airlines saw a third sequential decline in overall load factor for the month of November due largely to a decrease in cargo traffic on the Europe
      499 words
    • 256 4  -  By Kenneth Lim LISTED online hotel reservations company Asiatravel.com expects its business to improve with the advent of budget airlines. "The entry of budget airlines will stimulate new demand and generate considerable growth in any market they enter," said Asiatravel.com, which has
      256 words
    • 710 4  -  HOCK lock siew joyce koh THE food court business is a tricky „sme£ where success can be a double-edged sword. Just ask Food Junction's managing director Andrew Fu, who has mastered the art of suppressing his exuberance when the going is good. Otherwise,
      710 words
    • 625 5  -  Three such stocks dominate local trading, having recently received favourable analyses By Kenneth Lim ALTHOUGH making its trading debut yesterday, homegrown Metal Component Engineering (MCE) had to play second fiddle to "China play" stocks in volume terms. Stocks tend to be among
      625 words
    • COMPANY Briefs
      • 121 5 CHINA-BASED lighting systems and wire harness maker JK Yarning yesterday said it is selling a 20 per cent stake in one of its subsidiaries, Fujian JK Wire Harness Co Ltd (FJKWH), to the latter's largest customer, Japan's Sumitomo Wiring Systems Ltd, for 19.9
        121 words
      • 82 5 STEEL miller Nat Steel yesterday said its wholly-owned subsidiary, Nat Steel Resorts International Pte Ltd, bought 1.5 million shares of par value $1 in Raffles Marina Ltd, making it a wholly owned subsidiary. The consideration for Raffles Marina (above) which has a net tangible
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      • 78 5 MAINBOARD-LISTED health tonics and supplements group Cerebos Pacific, whose China operations have been posting losses, has appointed Charles Sun Chia-Che as the chief executive officer for its China business. The 46-year-old has worked at pharmaceutical firms like SmithKline Beecham and GlaxoSmithKline, and was from
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      • 52 5 LISTED broking group Kim Eng Holdings said it has raised its investment in its US subsidiary, Kim Eng Securities USA Inc, from US$3.5 million to US$4.5 million by injecting US$l million as additional paid-in capital. The US unit was set up to deal
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      • 56 5 Bloomberg SHARES of Singapore Telecommunications, South-east Asia's biggest phone company, rose to a two-year high yesterday to close at $1.90, up 6 cents or 3.3 per cent, reflecting optimism about the company's overseas expansion. Sing Tel shares are up about 53 per cent this year
        Bloomberg  -  56 words
      • 57 5 AGVA Corporation's chief operating officer James Tay has resigned with effect from Dec 31,2003. The company has appointed Jimmy Chan as general manager to oversee daily operations in the company's China factory. Agva chief executive Albert Lim will focus on the other core areas of business
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    • 394 5  -  Disclosure comes on the heels of auditor alerts By Joyce Koh GARMENT firm Heshe Holdings yesterday reported an additional Ss6 million loss following its full year financial statement released in September, which had already unveiled a FY2003 net loss that ballooned to
      394 words
    • 476 8  -  Availability on Fundsupermart seen increasing retail ownership of govt securities By Genevieve Cua FUNDSUPERMART has become the first portal to sell Singapore Government Securities (SGS), a move that is expected to broaden retail ownership of the bonds. Of some $65 billion total
      Source: Fundsupermart  -  476 words
    • 498 8 Strong demand for newer chips seen boosting outlook BUOYED by strong demand for chips that rim new cellphones with colour screens and cameras. Chartered Semiconductor Manufacturing could be back in the black as soon as the third quarter 0f2004, analysts say.
      Source: Bloomberg  -  498 words
    • 365 8  -  By Joyce Koh FAST-GROWING Accord Customer Care Solutions (ACCS) has entered into two deals with Mobile Communication Service Pte Ltd (MCS) to acquire after-market service businesses in China and South Asia. ACCS will buy Porter Profits Ltd, a company incorporated in the British
      365 words
  • 34 4 UNIT TRUSTS FUNDS LEGEND Al pncti are kMi am* •or En Rmggit AMtt: B*oa«#y Divanafiad; I Narrow* Foaaad;SUM«r M'LmklMdwnMAllMMiilD High RMc Mighaf *nk: opan-andad; Before (übtfMßan o» mlbc Aftar (übdMaonofunMsSPaftarMotfc*** N-A-NonOialng Day —Root Pric>:Sso.«lS
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  • Page 5 Advertisements
    • 16 5 your car? Call our C.A.T.S. hotline C.A.T.S. at 1800-289-9988. Buy it. S«ll It. Find it. 3
      16 words
    • 321 5 NOKIA Connecting People v v v f x jp®-* j, ■ffif J NOKIA <1 9B ■p V^hm l -|9| -JH a 2itc v -aJ^MHWBB The new Tri-band Nokia 6600 is perfect for recording and watching videos. Whether it's the perfect golf swing or a candid moment, capture it with the
      321 words

  • SINGAPORE markets
    • Article, Illustration
      543 6  -  Compiled by VEN SREENIVASAN ST Engineering D*lsdo*tsZol ITS aerospace and marine divisions will be the main earnings drivers in FYO4, with the former seeing improved performance with the closure of lossmaking Dalfort, and as newly-acquired units start to contribute positively. Progressive completion of the Singapore Navy's estimated $1
      Source: Bloomberg  -  543 words
    • 295 6  -  HOT STOCK WARRANT By Ven Sreenivasan MAINBOARD-LISTED People's Food Holdings' share price performance has confounded sceptics who had written it off after a poor performance for much of this year. Last month, the company announced a 55 per cent fall in its net profit
      Source: Bloomberg  -  295 words
    • 665 6  -  BT comment STOCKS ven sreenivasan THE Singapore market yesterday reacted in somewhat muted fashion to the capture of former Iraqi dictator Saddam Hussein. But the news was nevertheless welcomed by the market. "The Saddam news helped firm sentiment, but volume remains moderate as most
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    • 619 6  -  BT comment CURRENCIES But fresh lows could be seen within three months larry wee WEEKEND news that former Iraqi dictator Saddam Hussein had been captured lifted the US dollar off Friday's fresh 2003 lows against the euro and Sterling, but Asian units benefited from
      Source: Reuters  -  619 words
    • BROKERS' TAKE
      • 79 6 TAN Chong Huat, an independent director of new-ly-listed water treatment firm Asia Environment Holdings, sold the bulk of his shares on the counter's first trading day last week. He sold 150,000 shares on Dec 11 at 38.5 cents apiece and continues to hold 50,000 shares,
        79 words
      • 99 6 US fund manager Fidelity Investments acquired 9.7 million shares, or a 2.09 per cent stake, in Datacraft Asia towards the end of last month, its latest filings show. Fidelity bought 6.61 million shares in the communications and networking systems integrator on Nov 26 at US$l.O4
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      • 95 6 WEE Cho Yaw's United Industrial Corporation (UIC) on Dec 12 bought 1.46 million shares in subsidiary Singapore Land at around $3.96 apiece. The $5.8 million open market purchase boosted UlC's deemed stake in Sing Land to 70.58 per cent, or 250.72 million shares, from
        95 words
      • 65 6  -  Compiled by SERENA NG FUND manager Schroder Investment Management Group sold 41,000 shares of blue chip electronic manufacturing service provider Venture Corp on Dec 9 at around $20.30 per share. Its open market sale reduced its deemed shareholding in Venture slightly to 5.88 per cent
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    • Article, Illustration
      143 6 OTHER SINGAPORE INDICES Dec 15 VALUE CLOSE BTOB/OS -254.00 +127.00 BTCA04 -*****.00 +194.00 BTMMayMA *****.00 26.00 MkSG Equities 470.55 +5.33 SG Equities Elect 173.51 +0^21 SG Equities Fin 1470.80 +10.78 SG EqaWes Prop 430.85 +2.04 MSCI Singapore 214.04 +2.20 SMSCI Futures 214.70 +2.50 (W> ('losing juices are hi trrulhig rurretuies,
      143 words

  • SMALL caps
    • 871 7  -  Analysts believe the stock has further upside despite a 70% rise this year, says SERENA NG SERENA NG WHILE many Singapore companies with operations in China are starting to see margins wear thin as competition there intensifies for a slice of the outsourcing pie, packaging
      Source: Reuters; ARTHUR LEE  -  871 words
    • 441 7  -  By Teh Hooi Ling THANKS to news of former Iraqi dictator Saddam Hussein's capture, stocks around the region perked up. Our small cap portfolio, too, is a beneficiary, rising by 2.1 per cent compared with a week ago. It outpaced the UOB
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  • Page 7 Advertisements
    • 125 7 I FREE WITH I I OUR NEW I I OFFICE I I SOLUTIONS. I I I Wish there was an easier way to manage mundane paperwork? Canon Total Office Solutions will free you from mindless repetitive tasks, allowing you to get more real work done. Our iW software is designed
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  • Page 8 Advertisements
    • 48 8 my^^?asg^M j -tvt- j#- —iiprn' yglp fefe^ The American Express' Singapore > on every purchase, from now until KrisFlyer Credit Card membership, i also receive 5,000 bonus miles the f To apply, call 62 American Express Singapore Airlines KrisFlyer Gold C KrisFlyer miles earned from their total spending durin
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  • SINGAPORE news
    • 671 9  -  BT exclusive It aims to increase number of units to over 500 from 387 to tap popularity of small flats: sources By Kalpana Rashiwala WHY has Ng Teng Fong's Far East Organization not been marketing its Orchard Scotts condo in the Cairnhill area
      671 words
    • 529 9  -  These include special term life plans, medical cover By Genevieve Cua UK-based insurer Aviva will roll out insurance and investment services for the mobile segment of professionals, including competitive term life and medical cover. The service is part of a
      529 words
    • 300 9  -  EYE on the economy retail sales By Chen Huifen SINGAPORE'S retail sales continued its climb in October, driven largely by higher sales in motor vehicles. According to data provided by the Department of Statistics (DOS), the retail sales index in October at constant prices was
      Source: DOS  -  300 words
  • Page 9 Advertisements
    • 249 9 °rr -fgggyi 1 >■ x 7 :Tr- 7 ♦>rv- Jv 1 ssvV-'zk- '2T~ 5 n H SBBB^^^^^H^BBSBsHBHRiIiiiP S^HI *?-mi ,4.-" ,y?gr^^'--^V^i.-. •-*•'&£:&*&&&&*■?'&?•%ga&> v s* I^P9^'Bs^iS^' i IfjyA-- ■■■■■■■■■■■■■■■■■BMMI BW MttTtfri*"'-'* r" $«g a. IgßMi— «s*„..• 1 £g| :V-iSgSHPMMMWWBBBBHHe^-. Sw «p '">.- IBfc:? f •=.:>''; SRC.'' pg <i^^'ff-r' j: §.-> ''^M
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  • FOCUS property
    • 671 10  -  Prospects are looking brighter as manufacturing picks up and the economic picture improves By Andrea Tan SINGAPORE'S industrial property sector could finally be turning the corner with manufacturing activity picking up as the economic picture looks increasingly brighter. "The economic and manufacturing indicators
      FILE PHOTO  -  671 words
  • Page 10 Advertisements
    • 312 10 Milieu jjuuJLjAi chelsea-bridgewharf I Pjtlp Queenmtomrn Road-London SWB T* in nlig-^SEi ir 7TM r -gmiBrMrBBBBn Bfc^pMfipjg^g^ t <*l jifc/ MBS I IMSrv I I T Yi-i 'i~ j 1 1 2 bedroom apartments and 2& 3 bedroom duplex penthouses £pi Prices from £220,000 to £2.5 m»on Anticipated completion date July
      312 words
    • 171 10 MARKET STREET Raffles Place .i. Grade A offices 2 minutes to MRT Station S Flexible sizes M from 1,000 sf to 9,400 sf Fitted or bare offices for SBimmediate Call Joint Sole Marketing Agent lU. De ben ham Tie Leung TEMASEK TOWER 268 ORCHARD ROAD Partially Fitted Space Located jn
      171 words
    • 22 10 "Hmt pukitlf to Mi nuulh-walAvHj dian m ek futk fiun «ii ifimaJ iel menui. Weekday s: 12pm 2pm r A Public Hi
      22 words
    • 151 10 SUNTEC TOWER ONE Approx. 2700 to 7000 sf f° r LEASE at $3.90 psf neg jj Approx. 1350 to 14,381 sf B for SALE at attractive price M High low rise Iggiiig Fitted or Bare Immediate Occupation Lobby Frontage Sole Marketing Agent Agnes Heu 9686 6651 Greg Sim 9270 2570
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  • REGIONAL news
    • 439 11 BANGKOK Rising exports, tourism recovery posh Q3 GDP up 2% quarter-on quarter Bloomberg, Reuters THAILAND raised its economic growth forecast for this year to 6.3 per cent after surging exports and a recovery in tourism fuelled the fastest expansion in four years in the
      Bloomberg,; Reuters  -  439 words
    • 137 11 JAKARTA Bloomberg PT Bank Internasional Indonesia, the nation's six-largest lender by assets, wiU replace president Sigit Pramono after the government sold a 51 per cent stake to Kookmin Bank, Temasek Holdings and other investors. Kookmin, South Korea's largest lender, Temasek, Singapore's investment agency, and
      Bloomberg  -  137 words
    • 272 11 Land Houses chairman tops Thailand's rich list BANGKOK He's wealthiest stockholder for second year running, says Money Banking Bloomberg ANANT Asavabhokhin, chairman of Land Houses Pel, is Thailand's richest stockholder for the second consecutive year, thanks to a housing boom that boosted equity investments in his company, Money Banking magazine
      Bloomberg; FILE PHOTO  -  272 words
    • 117 11 BANGKOK Reuters BANGKOK Bank PCL, Thailand's largest commercial bank by assets, sold new shares worth 36.86 billion baht (551.59 billion) within minutes yesterday to repay debt early, pushing its stock higher. Analysts said the outlook for the bank was brighter with the debt reduction cutting
      Reuters  -  117 words
  • Page 11 Advertisements
    • 39 11 r Jelling your car? Reach out to more readers by advertising in The Straits Times Classified. Call our C.A.T.S. hotline at CAJS. 1800-289-9988 and our Buy It. Sell It. Find It. friendly sales personnel will serve you. mmuj. 'J
      39 words
    • 57 11 INTRODUCING 481 0 W E STS I D E r Harmoniously combining classic tradition and simple elegance with the CREATIVE, FASHIONABLE FLAIR OF NEW YORK'S YOUNG AND TRENDY. WE ARE PROUD TO UNVEIL MONTBLANC'S 4810 WESTSIDE LEATHER COLLECTION, CRAFTED FOR TODAY'S YOUNG ENTREPRENEURS. MONT* BLANC MONTBLANC BOUTIQUES: CHANGI AIRPORT TERMINAL
      57 words

  • EDITORIAL & opinion
    • 818 12  -  THE bottom line OPINION david mason FOR the second year in a row, the Bill to abolish hunting in England and Wales has run out of parliamentary time and has not been included in the Queen's Speech for the next Parliament The
      818 words
    • 71 12 'Unlike the French Revolution, the Internet revolution has lots of liberty, some fraternity and no equality.' Shashi Tharoor the United Nations undersecretary general for information, on the Internet. 'Foreign policy is always a process of trading off, of striking the right balance among fundamental principles.' -Sandy Berger
      71 words
    • 632 12 EDITORIAL RIVALRY between Japan and China for influence within Southeast Asia reached a new intensity last week with the staging in Tokyo of the JapanAsean commemorative summit While it is true that the meeting of all 10 Asean leaders (for the first time outside their own
      632 words
    • 1525 12  -  Bangalore's big draw is its low-cost, deep pool of well-educated technical talent for US tech companies under pressure for breakthroughs By Saritha rai NYT [BANGALORE, India) In clusters of modern low- and high-rise office buildings set amid acres of lush greenery here,
      NYT; REUTERS  -  1,525 words
    • 455 12 COMMENTARY Pressure is growing for peaceful change in Myanmar A FRIENDLY hand from the government gives Myanmar an unexpected chance today to show its sincerity towards its own citizens, as well as its neighbours. A forum organised by Thailand gives the military junta an opportunity
      455 words
    • 162 13 HONG KONG Bloomberg SHARES of Great Wall Automobile Holdings Co, China's biggest pickup-truck maker, surged as much as 65 per cent in their Hong Kong trading debut, as investors bet on good returns from the world's fastestgrowth auto market. The shares traded
      Bloomberg  -  162 words
    • 358 13 HONG KONG Bloomberg, Reuters BANK of China, the nation's second largest lender by assets, is selling US$l.B9 billion of stock in its BOC Hong Kong (Holdings) Ltd unit, increasing tlje size of the sale after Asian investors bought
      Bloomberg,; Reuters  -  358 words
    • 577 13  -  Some 31m people work daily on constructing roads, bridges, buildings From Ajoy Sen in New Delhi STUNG by frequent complaints from investors about India's poor infrastructure, New Delhi has stepped up construction activity on all fronts: roads, bridges, power plants, industrial and residential
      577 words
    • 295 13 BEIJING Consumers may drive economic growth next year Reuters FOREIGN investment in China plunged in November from a year earlier, but pledges of future funds ballooned as investors still piled into the world's fastest growing major economy. Retail sales also showed healthy
      Reuters  -  295 words

  • Page 13 Advertisements
    • 26 13 Lianhe Zaobao m I Phased I Icnanqesl I to the I CPF I scheme I I I I I I I I I rfj ,|J S
      26 words
    • 46 13 JP* fl |v B W| *JLW You never |m^P|i /^w actually own a Patek Philippe. lgaggaf You merely look after it for the next generation. The world Time with the unique Patek Philippe 240HU automatic movement. Geneva Master Time, Tel: (65) 6732 1506 www gmtsmgapore com
      46 words

  • Article, Illustration
    1109 14 Transaction date: Dec 15 MTBRBAIIK CROSS RATES U C$ But two HK$ Ind t» RupnH Yen Won Ml Wh h« SS tand Sfr WT$ 8aM Pound USS Australia 0.977 6.136 0.605 5.740 33.675 62.701 0.798 8.745 2.810 1144 42.446 41.019 1.263 4.721 0.940 25.149 29.312 0.424 0.739 Canada 1.023
    1,109 words
  • WORLD news
    • 420 14 BERLIN Opposition objected to plans to finance tax cuts through increased debt Bloomberg BOWING to opposition pressure yesterday, German Chancellor Gerhard Schroeder agreed to slash his proposed tax cuts for next year in half to 7.8 billion euros (5516.3 billion). This climbdown clouds the outlook
      Bloomberg  -  420 words
    • 159 14 NEW YORK Reuters INTERNATIONAL Business Machines Corp will move the work of as many of 4,730 US software programmers to India, China and elsewhere, the Wall Street Journal reported on Sunday. The unannounced plan, which the newspaper said it viewed in
      Reuters  -  159 words
    • 307 14 SYDNEY Shareholders buy only half of the shares on offer Bloomberg, Reuters ÜBS AG and Macquarie Bank Ltd need to find buyers for AS6SO million (SsBl9 million) of AMP Ltd stock after shareholders shunned a stock sale by Australia's largest life insurer, buying only
      Bloomberg,; Reuters  -  307 words
    • 407 15 NEW YORK Morgan Stanley, Goldman, Lehman and Bear Stearns named by analysts Bloomberg FOUR of six Wall Street big investment banks Morgan Stanley, Goldman Sachs Group Inc, Lehman Brothers Holdings Inc and Bear Stearns Cos will probably report this week, profit increases
      Bloomberg  -  407 words
    • 505 15 SADDAM'S CAPTURE It's US excuse for war, he tells interrogators Reuters, Bloomberg [WASHINGTON] Saddam Hussein denied during the initial interrogation after his capture that Iraq possessed weapons of mass destruction, Time magazine reported on Sunday. Citing a US intelligence official in Iraq, the report
      Reuters,; Bloomberg  -  505 words
    • WORLD Watch
      • 77 15 LAT-WP [LOS ANGELES] With much of the steam out of the refinancing market, the mortgage financing industry is bracing for widespread layoffs. Two of the biggest home-loan providers Washington Mutual and Countrywide Financial have cut more than 6,500 jobs in recent months.
        LAT-WP '  -  77 words
      • 78 15 Reuters [BERLIN] German consumer products group Henkel KGaA said yesterday it had agreed to acquire US group Dial Corp for U5528.75 per share or US$2.9 billion in cash in a move aimed at strengthening its reach in the key US market. Henkel, maker
        Reuters  -  78 words
      • 71 15 Bloomberg [LONDON] William Morrison Supermarkets, the UK's fifth-largest supermarket chain, can buy Safeway, the country's No 4 food retailer, the government said, paving the way for the company to renew its takeover offer. Morrison agreed to sell 53 stores to win the approval, UK
        Bloomberg  -  71 words
      • 48 15 AFP [SYDNEY] Australian commodities exports will slide 5.3 per cent to A 582.2 billion (*****.6 billion) this financial year, losing their grip on the surging broader economy due to the Australian dollar's strength, the Australian Bureau of Agricultural and Resource Economics' (ABARE) forecast.—AFP
        AFP  -  48 words
    • 220 15 NEW YORK Bloomberg PRESIDENT George W Bush, bolstered by the capture of Saddam Hussein, may get another boost in early 2004 when refunds from his tax cuts go out to US voters. Arresting Saddam may defuse criticism from Democratic challengers such as Howard
      Bloomberg  -  220 words
    • 407 17 NEW YORK US stock market could receive a boost when rate is raised Reuters HIGHER interest rates may remain far off on the horizon, but when a rate hike does come it could be good for the US stock market, analysts said.
      Reuters  -  407 words
  • 1596 14 8IC0M FUTURES Dec 15 RUBBER Futures (Closing prices) RSS1 (S ccnts/kQ) Close Volume Open Month Hlqh Low Sett (tonnes) Interest Jan 04 220.75 Feb 04 ***** Mar 04 222.50 Apr/Am 04 225.00 RSS 3 (US cents/kq] Volume Open Month High Low Sett (tonnes) Interest Jan 04 ***** 450 1500
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  • Page 15 Advertisements
    • 391 15 Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UNITAS SERVICES SINGAPORE PTE LIMITED (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held on the 12th day of December 2003, the following resolutions
      391 words
    • 370 15 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 ADVANCE CIRCUIT TECHNOLOGIES PTE LTD IN MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 386 Jalan Ahmad Ibrahim. Singapore *****6 on the 10th day of December 2003. the following resolutions were duly passed 1.
      370 words
    • 542 15 OVERSEA-CHINESE BANKING CORPORATION LIMITED LOST STOCK CERTIFICATES The following stock certificatss have beer rsporled lost, mislaid or flastroyad By the respsctive stockholders Certificate No No. of Stock In the N«frtt pf A *****30 1 x 50 Estate o< Boey Chun Heng, deceased A *****31 1 x 320 Estate of Boey
      542 words
    • 231 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 IN THE MATTER OF ISUHARA TRADING PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the above Company duly convened and held at Hotel Mulia Senayan. Jalan Asia Africa. Senayan Jakarta Selatan on Monday. 15th December 2003 at 11
      231 words
    • 415 15 IN THE MATTER OF THE COMPANIES ACT. CAP 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF HEALTHCARE MEDICAL SERVICES PTE LTD (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened and held at 8 Kensington Park Drive #16-04, Singapore *****3
      415 words
    • 175 15 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTE* Of ICON MEDIALAB ASIA PTE LTD (In Creditors' Voluntory liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN thai a Finol Meeting of the Company and the Creditor? will be held on 16 January 2004 at 11 CoWyer Quay
      175 words
    • 332 15 SHANGRI-LA HOTEL LIMITED (Incorporated with limited liability in Singapore) *****,000,000 MEDIUM TERM NOTE PROGRAMME SERIES NO. 001 5530,000,000 UNSECURED FLOATING RATE NOTES DUE 2004 Pursuant to Condition 15 of the Notes, notice is hereby given that for the Interest Period beginning on 15 December 2003 and ending on (but excluding)
      332 words
    • 175 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) ONE.TEL SINGAPORE PTE LTD |2) CROSBY VALVE PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General
      175 words
  • Page 15 Miscellaneous
    • 187 15 CRYPTIC CROSSWORD arena constructed weli < 8 > 24 Started to write in a dictio- 6 Trader from Florida organis- YESTERDAY'S SOLUTION (6) ing riots (7) Across: 1 Saving grace, 9 Des--25 A Frenchman's right to be in- 7 Claimed to have been given neratio 10 Extra 11 Stanza 12
      187 words

  • 7 16 i Transaction elate: Dec 15
    7 words
  • 5 16 Transaction date: Dec 15
    5 words
  • 866 16 Transaction date: Dec 15 SmAmtm Wt Ow Hmkmmm 1 Ow Q»«r ADgrMcSOc 0.40 1.090 NatStcot 50c 0 37 2 060 -0.010 CAC 0 75 5 950 OCBC 8 64 12.000 CapitaUnd 1.1* 1550 -0.010 OUI 049 7.100 *0.100 Chart SamiCand 26c 1.43 1650 *0.090 Partway H 25c 0.4* 0.9*0
    866 words
  • 621 16 BONDS WARRANTS Tel Last Vol Com Eur *Mk Gmt-MiII Cm4» C—M<r M» «w- fW) Mm UH 3698 AST1W*****1 .26 unch 721 1 16 2 1 65 6 3697 Acma Ltd W*****6 1 1 50 437 9.50 11 3602 Amtek W*****0 120 1 33 2 125 18 3603 Armstrong W*****0 6
    621 words
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  • 6 17 Transaction date: Dec 15
    6 words
  • 64 17 52-M T«t Ljct Vol Day LactQwX* GrOv Dk CrTW Mat MCjb Nijll Lo» Co4* Cmnplff) W- COOP Law 8«y i*i C*w Wt tiJ 8780 2000 6065 Diamonds US2060 2020 9800 6095 ISDJUSTech 1****** 6097 ISMSOSpore US555 6101 ISSAP500 U*****xd9650 9650 6170 SPORS U***** 1816 1210 6235 STIETTIOO 1763
    64 words
  • 1960 17 U-Wk Tal Laft Vol Day Latt Quote GrDw On GrVM MM HCm ># Um Co4» CiMpiaj Sate w- C—> Lw *T* >*i Cw W W 26 7.5 MOO ABRHIdgsSc 19 185 19.5 367 42 129 2101 APCNSc 30 5 *2 207 30 5 29.5 30 30 5 21
    1,960 words
  • 345 17 S2-Wk Ttf Laft Vol Day Lact Quote GrfM» Otv GrVM Net MGap Imm Ca*t C—p—» Sate W- (11 M* 1— Cur f« $■< 193 91 6000 A V Jennings A25c A182 *5 39 182 179 181 183 40 88 55 6.9 3917 6001 Cathay Pac 20c MK720 265
    345 words
  • Page 17 Advertisements
    • 80 17 jßw timc c cs 004 ex st BlancpaiN MANUFACTURE DE HAUTE HORLOGERIE Raffles City #01-36 Tel: 6339 9185 1 Millenia Walk #01-62/65 A Tel: 6339 1728 W The world's thinnest Paragon #01-13 Tel: 6235 0084 Azzedine ALAIA. Fashion Designer. Pans Flyback Chronograph. Lucky Plaza #01-32 Tel: 6734 3668 Water-resistant to
      80 words

  • FOCUS property
    • 937 18  -  Excelpoint's founder tells Chen Huifen how the group has had to transform its business as technology and competition changed Chen Huifen WHETHER it's good times or bad, there are always opportunities for business, according to Exc e 1 p o i nt Technology chairman and
      AP; ARTHUR LEE  -  937 words
  • Page 18 Advertisements
    • 159 18 27a)/or your 6hi*t wtf/i trens/y <Jna/ian eo//a-M in eotte/i r ']j2m§F Small details can make a difference to your shirt and your image. In line with the trend towards yy 2 larger collars, CYC has created our own version of the Italian collar. Despite the higher collar our collars are
      159 words

  • SHIPPING TIMES
    • 218 19 Reuters THE Baltic Dry Index rose 30 points to 4,638, the Baltic Capesize Index rose 39 points to 6,641, the Baltic Panamax Index went up 32 points to 4,448 and the Baltic Handymax Index was up 163 points at 2,5426. TIME-CHARTER: Anja ex Chou Shan (built 1993) *****1
      Reuters  -  218 words
    • 289 19 SGX '000 Dec 15 Si W- Vol CH Offshore 0J6 001 1671 ChuanHup.. -0.47 a01 1234 Cosco Investment 0.62 0.03 8419 CWT Distribution 0.57 0.01 55 EzraHkte 0.91 tt03 616 Freight Links 0.10 101 191 G6 Holdings 0 66 unch 0 Jaya Holdings 0 78 0.02 1S01 K1
      289 words
    • 708 19  -  Compliance costs will be higher than official estimates, sap law expert By Beth Jinks [SINGAPORE] Maritime security demands of the United States Coast Guard (USCG) dramatically exceed the already-burdensome mandatory compliance requirements of new International Maritime Organisation (IMO) rules, a top US
      US COAST GUARD  -  708 words
    • 448 19 Their inability to pay for security improvements could benefit China Reuters [MlAMl] Many Caribbean nations will be unable to comply with tough new security standards for ports taking effect next year and could face severe restrictions in their US$2O billion trade
      Reuters; FILE PHOTO  -  448 words
    • 164 19 Bloomberg [OSLO] Mitsui O.S.K. Lines Ltd, Japan's second-largest shipping company, has ordered three very large crude carriers for delivery in 2006, a shipbroker said. The Japanese shipyards Mitsui Engineering Shipbuilding Co, Mitsubishi Heavy Industries Ltd and Kawasaki Heavy Industries Ltd won orders for one
      Bloomberg  -  164 words
    • 440 19  -  Plan to improve safety and pollution prevention steps By Donald Urquhart [SINGAPORE] Nearly 200 vessels belonging to the global tanker association Intertanko have agreed to participate in the demonstration project for the Marine Electronic Highway (MEH), according to the association's regional manager John Fawcett-Ellis.
      440 words
    • SHIPPING news
    • 3 24 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 599 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER118 E3288 J3 A/SIDE 16/12 0200 CMAPUMA 20SA J18/19 A/SIDE 16/12 0700 MARCOPOLO 88 03/03J J3 A/SIDE 16/12 0630 OCEAN ROSE 54A J22 A/SIDE 16/12 0800 WINSTAR 7 15L3W J2 A/SIDE 16/12 0300 BAYSWATER228 E3289 J3 16/12 1830 17/12
        599 words
      • 2 25
        2 words
      • 168 25 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
      • 794 25 THIS report, compiled by Cockett Ma nne 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
        794 words
      • 62 25 U/F unflMfraM* Tuts n>»rt t« tiiri i impln ty phv Knl— mtt li strict mmn imllil f»» »n« I itttrttci ■MU> H «dli« f »»!>■■■■>». KtfVy kttAR IB h®® lim mill «hti tti# inttfMttwiii SfidllcfMtt) Limits pgWiM toy CmimM lnt»i~ mhooS fm >itil»< lw*»n—ll— m current
        62 words
    • AIR & LAND transport
      • 588 26 Miscalculation of aircraft weight input, safety check failures led to takeoff accident AFP [WELLINGTON] A series of basic pilot errors led to a Singapore Airlines 747 plane dragging its tail about 500 metres along an Auckland Airport runway during a takeoff, a
        AFP  -  588 words
      • 167 26 Xinhua [HONG KONG] Cargo throughput at the Hong Kong International Airport (HKIA) reached 267,000 tons in November, marking another monthly record after October. Passenger traffic at the HKIA has returned to pre-Sars level, with 2.73 million passengers passing through the airport in
        Xinhua  -  167 words
      • LOG Book
        • 88 26 AFP [DUBAI] Emirates Airlines signed a letter of intent with GE Engine Services (GEES), a division of GE Aircraft Engines, on a US$2OO million long-term maintenance agreement to support the engines that will power the airline's Airbus A 340-300 aircraft, a statement said. The Dubai-based
          AFP  -  88 words
        • 108 26 Bloomberg [TOKYO] Skymark Airlines Co, a Japanese low-fare carrier, said it had a bigger-than-expected annual loss because it took a charge to revalue some US$ denominated assets. Skymark probably had a parent net loss of about 790 million yen (S$12.5 million) in the year ended
          Bloomberg  -  108 words
        • 138 26 Reuters [WELLINGTON] New Zealand utilities investor Infratil Ltd said yesterday it had bought a further 10 per cent of Glasgow Prestwick Airport from Scottish investment company Omniport pic, taking its holding to 77 per cent. The £6.03 million purchase (5517.9 million) included warrants to acquire
          Reuters  -  138 words
      • 344 26 Higher passenger numbers expected to boost sales in current financial yr Reuters [BANGKOK] Thai Airways International's 2003/2004 financial year revenues are expected to rise 11.5 per cent to 160 billion baht (556.9 billion), mainly due to higher passenger numbers, a minister said yesterday. Transport
        Reuters  -  344 words
      • 174 26 Xinhua [YANGON] Myanmar has been making efforts to boost its air transport by adding seven new airports since 1988, bringing the total number of airports in the country to 28 now, the local Myanmar times reported yesterday. Quoting the Department of Civil Aviation of
        Xinhua  -  174 words
      • 285 26 AFP [KUALA LUMPUR] Malaysia, Indonesia, Thailand and Brunei may join hands to build small commercial aircraft for the fastgrowing Asean market, a report said yesterday. The four countries are exploring the possibility of forming a consortium to set up a regional plant
        AFP  -  285 words
      • 620 26 AFP [DUBAI] The fast growing Gulf aviation market remains firmly in the grips of government-owned airlines, two of which have big regional plans, but a couple of new entrants are looking to shake up the Middle-East scene. The world's leading aircraft makers Airbus
        AFP; FILE PHOTO  -  620 words
      • 413 26 AIRLINE COOES AA. Amman Artnes (ML). Af Ar fnnce (AFR) At At man (AK) AY Farm Oy (FIN) AZ Attala Arms (AZA) BA Bmsti Arwrys PuOtc Ltt Co (BAW) BG Bman Bangladesh Artrm (BSC) 81 Royal Brum Artnes Sdn Bttt (RBA). BO Bouraq Artnes (BOW BP
        413 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 635 20 niß^au IMPORT 1 NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (BSX) I AUSTRAUA AStA EXPWQ6 t*AX) I VESSEL VOT ONE SYD MEI j AM. FRE ISM I PIC P4O NEDUOTD STUTVKAKT 20W47 26/11 14/12 U/12 PM NCDUOTO AOOA.OI 711 OMIT 0,/11 03/12 05/12 09/12 HJW PtO NEDUOTD HOUTMAN 1.W44
      635 words
    • 489 20 Lines services represented by /ij Members of the Registry of fefc&pjj/ Accredited Shipping Agents, Singapore Shipping Associcrfion Members of the Singapore Logistics Association g LILY UNE MALE VOY HA ETA ETA P. KLAHG SPOKE MALI Princess Lily 1103 18/12 20/12 29/12 Mold Star 544 A 18/12 20/12 29/12 Kindio 305W
      489 words

  • Page 21 Advertisements
    • 1008 21 TO USA (SAX SERVICE) VESSEL VOY SIN ETA LAX OAK DAI HOU CHI COL MEM «l Aft SCOTIAMP 122E 17/12 01/01 05/01 06/01 06/01 06/01 13/01 13/01 10/01 I*/0> Aft ItLGHJM 120T 24/12 01/01 H/01 13/01 13/01 13/01 13/01 13/01 16/01 16/01 API SWEDEN 012! 31/12 15/01 It/01 20/01 20/01
      1,008 words
    • 1404 21 GENERAL AGENTS IN SMGAPORE SO ROBINSON RD #12-00 SALES BKGS TH. W2CMS7/43 FAX. 6238 5321/24 COSTAR SHIPPING PTE LTD SWGAPOKE *****6 OUTWARD (B/L) *****902 *****325,75 Cfl Nn 117R7R<¥M0QM TEL 6226 1900 (MAIN) INWARD (tVO) *****786 *****319/49 OH NO *****00CW T/SHIP DEP *****825 *****316/46 JOHOR'S OFFICE: CONVENTIONAL *****850 *****208 COSTAft AGENCIES
      1,404 words

  • Page 22 Advertisements
    • 1202 22 (Ol I II JL CNOUIRtCS/BOOKINOS: ******44 MX: *****433 I-MAIL: Mw«<MmM.caffl.it K!l UCLIVIMO DOCUMCNTATIONS/OPCRATIONS: *****437 FAX: *****177 mmSßbmWm micmmm wmnmaimcA+mm VBML I VOT I SWMfOtl FOtTKIAMG UHAVtI I DUJJi~ COMMIT rtvwfcUbiY 31W 77/1? 73/17 Mi 1 W/DI I 7S/0I I!/0L fmiw 31 AD W/17 30/17 I 14/01 I 76/01 _02/0? W/OI
      1,202 words
    • 517 22 BSfl a. MYANMA n| FIVE STAR UNE (Mvmmt N«tio**i Um) (mli| for Ym|m vissa voy sin pu pa pgu HPA-AN 31SW $10 PAGAN 31JW SU> IN RAUYSIA: IOUSTFAD SHIPPING AGCNCIES KUL 03-*****300 PKL 03-317M101 PIN: 04-2****** A""™ ACCEPTIiB COiVEiTIOWAL CBO VESS& VOY HKG SIN PGU PU KUC otter ung us
      517 words

  • Page 23 Advertisements
    • 1312 23 VESSEL VOY KHH HKQ I SIN PKt DX> lAI PMM MK IRAN LOMSTAN PCUOI4 SIOP SKIP 20/12 19/12 »/l2 30/12 05/01 07/01 CAPE FRIO PCLSOI6 SKIP SKIP 23/12 22/12 01/01 02/01 01/01 11/01 SiANAVIOATOft PCUOIt SKIP SKIP 30/12 29/12 07/01 01/01 14/01 16/01 IRAN SATTARI PCLSOIS SKIP SKIP 01/01 02/01
      1,312 words
    • 626 23 a t UK CONTINENT SERVICE Loading for KALMA RTPVI/ATW/BMN/UK/NAN ASIRAT RTM/ATW/BMN/UK/NAN Loads Singapore. E7W Malaysia. Indonewa MIDDLE-EAST SERVICE Loading for J FRIEND DBl/ABU/DOH/BRN/DMM/KWT PLAMER DBl/ABU/DOH/BRN/DMM/KWT Toads Singapore, EVW Maiaysia. Indonesia USA SERVICE Loadng for AVENTtCUM CAM/NFK/SAV/NOL NENA F CAM/NFK/SAV/NOL •Loads EVW Malaysia. Indonesia F.E./S.E.A. SERVICES S pore Loading for TBN
      626 words
    • 822 23 aaa xai an cai— _msa mi mi ncumA now 17/n UZl2— -ttLHUI ElU] 11/12 10/n fx»AWM 1103W 1»/H iyn _4UUBL2 mi 21/n am? mum mm* w/i: 21/12 retail uhj m/» >;/» WMMM 110SW 22/12 AUMJATA 2 M7O 2»/12 M/H -EAUMBA IM 22zu H/i2 PAC iahda 1107W 24/12 24/12 ntum um—
      822 words


  • Page 25 Miscellaneous
    • 122 25 Vr FOR 7AM 16 Dec 2003 7 ■f/ y/ N. "^J 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 O ne hal fleche represents 5 knots Cloudy Day L One full fleche represents 10 knots
      122 words