The Business Times, 9 April 2004

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Total Pages: 26
1 26 The Business Times
  • 17 1 THE BUSINESS TIMES MITA (P) 023/03/2004 I In-prrpt h{tp://business-times.asial .com.sg SI NGAPORE FRIDAY. APRIL 9. 2004 85*
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  • 798 1  -  Governance council to issue new Financial Reporting Standard by July By Serena Ng [SINGAPORE] It's official stock option expensing for Singapore-listed companies is poised to become a reality from the start of next year. The Council on Corporate Disclosure and Governance (CCDG)
    798 words
  • 453 1  -  By Samuel Ee [SINGAPORE] It may cost three-quarters of a million dollars without a COE but there are already 45 orders for the Bentley Continental GT even before it is launched here next Friday. The four-seater coupe among the fastest in the world is priced
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  • 78 1 sn 1,901.92 (+17.49) «T INDEX FUTURE* MM.OO (+20.00) 13 (+2.36) mm smsci futures U 230J0 (+2.80) Thursday Change KLSE COMP 884.48 +114 NIKKEI 225 *****5# +7197 HANG SENG *****.37 -10.68 SET INDEX 691.69 -7.13 JAKARTA COMP —779.61 +511 MANILA COMP dosed TAIPEI WPi 6/***** +26.12 SEOUL COMP 916.86 +653
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  • 72 1 FOREX RATES US$ S$ US$ (S$ perUSS) 1.677 £(US$/S$ per 1.839 3.084 EURO(US$/S$/E). 1.217 1040 YEN 105.9 63.10 RM 3.800 2.266 HK$ 7.796 4.649 BAHT 39.12 23.33 RUP1AH 8,587 5,121 RENMINBI 8.299 4.949 INDIAN RUPEE 43.63 26.02 AS 1.308 0.780 NZ$ 1.514 0.903 PRIME RATES SINGAPORE 5.25 MALAYSIA 6.00
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  • 620 1  -  Previous accord provides for talks once industry situation stabilises By Donald Urquhart [SINGAPORE] Australia should now honour its pledge to sign a full-fledged open skies agreement with Singapore, Transport Minister Yeo Cheow Tong said yesterday, citing Australia's pre-condition of a stabilised
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  • NEXT page
    • 536 2  -  Economists up their forecasts on strong Feb industrial output, export figures By Anna Teo [SINGAPORE] The economy looks to have outdone the market consensus forecast of 5.5 per cent first-quarter growth. A poll of 17 private sector economists by the Monetary Authority of Singapore
      536 words
    • 447 2  -  But impetus is to meet regulations, not strategic gains By Angela Tan [SINGAPORE] Financial institutions have improved their corporate governance in recent years but more from a desire to meet regulations than to capitalise on its strategic advantages, noted a PricewaterhouseCoopers (PwC) study.
      Source P Cò /EIU  -  447 words
    • 546 2 LATEST US DATA Improving company profits seen lifting business confidence Bloomberg Reuters [WASHINGTON] The number of Americans filing initial claims for jobless benefits fell to 328,000 last week, the lowest in more than three years, a government report showed. Initial claims dropped by 14,000
      Bloomberg; Reuters; AFP  -  546 words
  • Page 2 Advertisements
    • 139 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: Simonne Toh T: +********** F:+********** E:singaporeOocra.com.sg 24 Raffles Place, 26-04 Clifford
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  • SINGAPORE companies
    • 680 3  -  But Au8ust's IPOs have best debuts, with average 85% premium By Kenneth Lim THE usual suspects have taken an early lead in the 2004 initial public offer race, with corporate finance firm SBI E2-Capital and public relations firm Citigate Dewe Rogerson i.Mage
      680 words
    • COMPANY Briefs
      • 69 3 LOCAL industrial property trust Ascendas Real Estate Investment Trust has achieved near full occupancy for three of its industrial properties. The Honeywell Building, Chanf£ International Logistics Centre and Siemens Centre are all at least 95 per cent occupied, the company said yesterday. The trust also
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      • 35 3 CONSUMER electronics group Singatronics announced that former broker Lai Hock Meng had ceased to be an executive director from yesterday. Mr Lai, however, will continue to serve as a non-executive, non-independent director.
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      • 107 3 COMPUTER products retailer Challenger Technologies, through its wholly-owned subsidiary CBD eVision Pte Ltd, has taken a 60 per cent stake in Malaysia-incorporated CBD eVision (M) Sdn Bhd. The company, which provides electronic signage and services in Malaysia, has an issued and paid-up capital of RM150.000 (5566,000).
        107 words
    • 154 3 SEMBWASTE Cleantech said yesterday it will divest its horticulture business to newly-formed joint-venture company SembEnviro Hydroculture for $540,000. SembWaste Cleantech, a wholly-owned subsidiary of SembCorp Environmental Management, will hold a 49 per cent stake in SembEnviro Hydroculture. Leading Singapore-based horticulture company Hydrocul-ture-Scape
      154 words
    • 479 3 Some analysts fear a glot of paper as telcos tap rising investor demand Reuters ASIA is expected to see a flood of initial public offerings from telecommunication firms worth up to US$5 billion this year, which some analysts fear could
      Reuters; FILE PHOTO  -  479 words
    • 425 4  -  Exchange plans to place $150m of its cash with fund managers By Kenneth Lim SINGAPORE Exchange (SGX) said it plans to place $150 million of its cash with fund managers, as thirdquarter net profit nearly tripled to $37.3 million on the back
      FILE PHOTO  -  425 words
    • 753 4  -  HOCK lock siew ven sreenivasan SO, Singapore Airlines needs to cut annual costs by as much as 20 per cent, 0r51.6 billion, in order to remain economically viable. According to the company, such a reduction would enable the airline to achieve a
      753 words
    • 284 4  -  Demand for semiconductor chips outstrips supply By Chen Huifen STRONG demand for semiconductor chips propelled Sesdaq-listed Nucleus Electronics to first-quarter net profit of $1.8 million from just $150,000 a year ago. Nucleus, which distributes electronic components throughout Asia, said demand generally exceeded supply, resulting
      284 words
    • 233 4 RESPONDING to recent media reports on restructuring at Singapore Airlines, the management of Singapore Airport Terminal Services (Sats) denied yesterday that it is downsizing by attrition. Sats, which is 87 per cent owned by SIA, has been in the news lately because of
      233 words
    • 213 4 INTERNATIONAL Factors (Singapore) now controlled by Lim Hua Min's Phillip Securities has a new chief. In a statement last night, the former Temasek Holdings controlled factoring unit, now 40.5 per cent owned by Phillip, said its long-term managing director Choo Boon Tiong will resign on
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    • 291 5 Bloomberg [JAKARTA] PT Bank Danamon Indonesia, the country's fifth-largest lender by assets, says it has closed the acquisition of auto financing company PT Adira Dinamika Multi Finance. Danamon, which is partly owned by Singapore's Temasek Holdings, signed the purchase agreement yesterday to buy
      Bloomberg  -  291 words
    • 424 5  -  Group will make exceptional gain of $27.4m; 6.3 cents rise in EPS seen By Taila Krishnakumar SINGAPORE-based softdrinks group Fraser Neave (F&N) yesterday sold its 5 per cent stake in Australian bottler Coca-Cola Amatil as part of its strategy of divesting non-core
      BLOOMBERG NEWS  -  424 words
    • 323 5 Investors bet on takeover after DBS sells its stake Bloomberg [HONG KONG] Shares of Wing Lung Bank Ltd, a Hong Kong lender, rose to their highest in 14 years, after DBS Group Holdings sold its stake in the bank, prompting investors to
      Bloomberg  -  323 words
    • 686 5 Bank raises 30.5b rupees as investor demand exceeds four times the shares offered Bloomberg [MUMBAI] ICICI Bank, India's second largest commercial bank, said it raised 30.5 billion rupees (551.17 billion) in a share sale that attracted demand for more than four times the
      Bloomberg  -  686 words
  • Page 3 Advertisements
    • 147 3 w w w .c m i m rcs.com /s g Monsters, wind blown castles, men in kilts. No wonder they call Scotland the land of the brave. -rnXsPi JsM? X AH f y. Singapore Glasgow (via Dubai) Glasgow Singapore (via Dubai) DAY DEPARTURE ARRIVAL DAY DEPARTURE ARRIVAL Daily 0325 1225
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  • Page 4 Advertisements
    • 1203 4 A ARMSTRONG INDUSTRIAL CORPORATION LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2004 Annual General Meeting of the Company will be held at the Conference Room, 531 Bukit Batok Street 23, Singapore *****7 on Monday, 26 April 2004 at 9 a.m. to transact
      1,203 words
    • 979 4 r SC Global Developments Ltd (Incorporated in Singapore) Notice of Annual General Meeting fyyn?. l B "ffy. SP*" thmt *w*nty Sixth Annual G«Mr«l Meeting of SC Global Developments Ltd will be held at 10.00 a.m.on Tuesday, 27 April 2004, at Sheraton Towers, Amber Room, 39 Scotts Road, Singapore 22K230 for
      979 words

  • 3306 5 UNIT TRUSTS FUNDS cam Global France 0.98* AM Amro Aact Mgt (S'porc) Com Global lifestyle tadei Fd 0.99* Star Europe Eqty!" 0.743/ Com Global Heahh Index Fd ***** Star Europe Bond 1.235/ Com Global Telecom Index Fd 0499/ Star Europe Bal 1 053/ Com Global tafotec Index Fd!** 037/ Star
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  • SINGAPORE markets
    • Article, Illustration
      649 6  -  Compiled by VEN SREENIVASAN ST Engineering Apifl 8 during $2.05 NET profit of $70.5 million (-4 per cent year-on-year) on a 4 per cent rise in turnover to $669.8 million was in line with expectations. Marine turned in the strongest showing, with a 67 per cent surge in
      Source: Bloomberg  -  649 words
    • 272 6  -  HOT STOCK WARRANT By Ven Sreenivasan TPV Technology was a small-cap favourite early last year but hit a turbulent patch in the final quarter on overcapacity and earnings concerns. Buffeted by negative newsflows, the stock struggled to stay above 80 cents between October
      Source: Bloomberg  -  272 words
    • 515 6  -  STOCKS BT comment r. sivanithy IF any one theme underpinned trading this week, it was whether investors should adopt an aggressive or defensive stance in light of heightened market uncertainties. On the one hand, there were signs early in the week that the
      Source: Bloomberg  -  515 words
    • 568 6  -  BT comment CURRENCIES Impressive Korean won challenges key technical resistance at 1,140 per US$ larry wee THE US dollar suffered an overnight fall on news of heavy coalition casualties in Iraq, ahead of today's first anniversary of Saddam Hussein's downfall and the start
      Source: Reuters  -  568 words
    • TRADES TO WATCH
      • 56 6 THE chief executive officer of Asia Pacific Breweries (APB), Koh Poh Tiong (right), yesterday sold 50,000 shares in the open market at $7.50 apiece. The sale reduced his direct holding in the beer maker to 287,500 shares, or a 0.11 per cent stake. APB shares close
        56 words
      • 115 6 THE chairman and managing director of Penguin Boat International, Heng Kheng Seng, sold 10 million shares in a married deal through private company Lucky Heng on April 5. The 5 per cent stake was sold at 15 cents per share, and the sale reduced
        115 words
      • 60 6 AN independent director of JEL Corporation, Sim Cheok Lim, yesterday sold all his 360,000 shares, or a 0.18 per cent stake, in the photographic products and consumer goods distributor in the open market at an average price of 33.7 cents per share. JEL Corp
        60 words
      • 62 6 THE deputy managing director of China-based apple juice producer New Lakeside Holdings, Go Twan Heng, bought 200,000 shares, or 0.12 per cent, in the recently listed company at 32.5 cents apiece on April 7. He also has a deemed interest in 58.79 per cent
        62 words
      • 72 6 THE president and CEO of Meiban Group, Goh Tiong Yong, bought 250,000 shares from the open market at an average price of $1,405 apiece on April 2. This took his direct stake in the plastics group to 5.59 per cent from 5.35 per cent. Mr
        72 words
      • 59 6  -  Compiled by SERENA NG THE chief financial officer and executive director of Neptune Orient Lines (NOL), Lim How Teck, yesterday converted 100,000 options into shares at $1.52 apiece. The move increased Mr Lim's direct stake in NOL to 0.14 per cent, or around two million
        59 words
    • Article, Illustration
      408 6 OTHER SINGAPORE INDICES Apr 8 VALUE CLOSE BTOB/OS 545.00 +215.00 BTCADI -*****.00 -H15.00 BT 10-day m -*****.00 +55.00 Afl-SOEquWm 512.79 +4.18 SQEquffl—Ehct 189.42 +3.57 SC Equate Flu 1526.27 +20.48 S6 Equltit Prop 457.91 -5.31 SHtSa 230.32 +2.36 smsct Fwfaifw 230.50 +2.80 Stock* Volume Wee Poh 0.5c 126,841,000 UnltedTAC USiSc 55.238,000
      408 words

  • PERSONAL finance
    • 1051 7 Buy only from reputable merchants, and avoid credit card fraud by protecting your card number and personal identity information IN THE past decade, e-com-merce has grown by leaps and bounds along with the pervasive influence of the Internet. One of the common uses of
      FILE PHOTO  -  1,051 words
  • Page 7 Advertisements
    • 1114 7 Notices EMPIRE HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of FOOD EMPIRE HOLDINGS LIMITED ("the Company") will be held at 101 Geylang Lorong 23 #07-02, Prosper House, Singapore *****9 on Tuesday, 27 April 2004 at 11.00 a.m. for the following purposes:
      1,114 words
    • 1419 7 om mediating MEDIARING LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mediaßing Ltd ("the Company") will be held at Singapore Post Centre, 10 Eunos Road 8 #05-30 The Pavilion (Theatrette), Singapore *****0 on Monday, 26 April
      1,419 words
    • 523 7 I m Lianhe Zaobao Mora I I cooioanies I outsource I actions I I rectinlle I I mngeaimtl I I r IKSff3<lk£ I -ttai toii-fr** isoo 289 8822 0 INCH EM HOLDINGS INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) INCHEM V'NIJMIIJPJJMJUfI NOTICE OF BOOKS CLOSURE DATE FOR ISSUE OF
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  • EDITORIAL & opinion
    • 738 8  - Now showing: Hollywood-on-the-Potomac THE bottom line OPINION robert samuelson The Washington Post Writers Group UNLESS you're a complete innocent you must sense an air of unreality to the furore caused by Richard Clarke's accusations that the Bush administration didn't take terrorism seriously enough until Sept 11. Washington story-telling is often
      The Washington Post Writers Group  -  738 words
    • 50 8 'We're trying to explain how things are going, and they are going as they are going. Some things are going well and some things obviously are not going well.' Donald Rumsfeld the US secretary of defence, on the upsurge in fighting against the American occupation of Iraq.
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    • 609 8 EDITORIAL WHEN almost everyone is so upbeat about the Japanese economy, it seems almost churlish to question whether its recovery is real this time. Yet, looking beyond recent statistics (including the Bank of Japan's latest tankan survey) suggesting that recovery is broadening and deepening, it can
      609 words
    • 976 8  -  Although there are still differences between the two Asian giants, their future prosperity is interlinked By Andy Mukherjee Bloomberg TO argue that the economic competition between China and India is like a boxing match that will ultimately produce only one winner, is to
      Bloomberg; AFP  -  976 words
    • 790 8  -  COMMENTARY It's respected internationally: think-tank head By Daniel Buenas "IF man does find the solution to world peace, it will be the most revolutionary reversal of his record we have ever known." So said American sol-dier-statesman, Nobel peace laureate and former president of the American National
      790 words

  • SINGAPORE news
    • 326 9  -  EYE on the economy job ads By Teh Shi Ning THE volume of newspaper job advertisements rose 12 per cent year on year in March, a slower pace than February's 30 per cent surge, according to data compiled by Singapore Press Holdings.
      Source: SPH  -  326 words
    • 682 9  -  Advisory group also looking at how to regulate mass e-mails, SMS, MMS By Kenneth Lim MOBILE phone operators who provide direct access to the Internet may soon have the same obligations as regular Internet service providers under recommendations by the National Internet Advisory
      FILE PHOTO  -  682 words
    • 391 9  -  It sees stable outlook for the Republic, praises its public finances By Taila Krishnakumar STANDARD Poor's Ratings Services (S&P) yesterday affirmed its AAA long-term and A-1+ shortterm ratings for Singapore, underscoring the country's fiscal strengths and solid economic policy record. Its outlook
      391 words
  • 4548 9 Transaction date: Apr 8 HONGKONG Vol HK Exchanges 4 0earing.17.10 -0.10 1964 HKS -000 HKR Irrt'l .2.88 -0.03 1376 HK and China Gas 13.35 -0.05 5723 Aeon Credit 5.65 unch 270 Hong Kong Electric 34.40 0.30 2121 Aeon Stores .6.20 0.05 2 Hongkong Chinese 1.13 0.01 1492 Alpha
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  • Page 9 Advertisements
    • 71 9 Teak Daytoed with 3 UP: $300" I Km WE CAN HOLD OUR PRICES BUT NOT OUR STOCKS jfe SO HURRY BEFORE STOCKS RUN OU3f Teak Rup Queen Bed Bamboo Cabinet Console 2 Drws 160x40x80 upj«^3M Teak Batavia 2 Seater Cabinet H IBIk UP:$*X $89 ups6®Bl99 uS?s23o Horse SWJ»WTa£hair Teak Yuyu
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  • REGIONAL news
    • 425 10 KUALA LUMPUR Unnamed asset strippers said to have wanted to take over firm Reuters THE CEO of Malaysia's top carmaker Proton has survived a bid to oust him and sell off parts of the company, industry sources said yesterday. The attempted boardroom coup against Tengku
      Reuters  -  425 words
    • 472 10 KUALA LUMPUR AIRASIA chief executive officer Tony Fernandes is putting up a brave face for now even as analysts say not all the start-ups in the budget airlines fray will survive. The new entry to the competition is Qantas Airways and Singapore partners
      472 words
  • 2280 10 Transaction date: Apr 8 KUALA LUMPUR ?5 2 Vo l General Soil 1.26 unch 0 RM room Genting 17.50 unch 549 George Kent .0*4 -0.01 56 Aft M Realty 1.71 -0.01 2 GlobetronicsTedi .7.50 -0.10 163 Abric .0.72 0.02 113 GtomacBhd 326 -0.02 10 ACP Industries 2.43 -0.01 22
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  • 827 10 Transaction date: Apr 8 m Q— Q—»| ttactaaam OB Oaaa Qtmf WUwJuQOc 030 «77S +0.010 OCBC 847 U400 toJOO CaptaUnd 1-20 1.710 0 010 Parkway H 25c 056 1.15# +4010 Chart SemtCcnd J<c MO 1.750 +0.050 People's Food HKSOc 0.50 1579 City Dav 50c 2.06 USD -0.150 S6X H
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  • 686 10 BONDS WARRANTS Id Last Vol Caw Bur Gear 'UK toff Sale ♦ar- ffW Mm >t UH 3779 ASL Marine HldgsW*****1 195 unch 348 1 S3 33 2.79 48 3898 AST1W040G£l > 415 0-5 12 1 16 -3 1.42 2 3697 Acma Ltd W*****6 .0.5 1 50 531 16.00 7 3602
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  • Page 10 Advertisements
    • 1048 10 B FUTURISTIC IMAGE BUILDER LTD (Incorporated in Singapore with limited liability) FUTURISTIC NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Futuristic Image Builder Ltd ("the Company") will be held at 34 Woodlands Industrial Park El, Singapore *****7 on Monday, 26 April 2004, at
      1,048 words

  • REGION world
    • 706 11 US EARNINGS GE's Q1 net beats analysts' estimates while biotech firm Genentech posts 17% profit rise INVESTORS looking to the current US reporting season to sustain a stock market rally received their biggest surprises when Internet icon Yahoo barrelled through analysts'
      BLOOMBERG PHOTOS  -  706 words
    • 416 11  -  Finance minister dispels speculation the strategy has been changed From Anthony Rowley in Tokyo JAPAN will continue buying US dollars if need be to preserve the stability in the yen, Finance Minister Sadakazu Tanigaki said yesterday quashing widespread speculation that the controversial strategy
      416 words
    • 325 11 JAKARTA AFP INDONESIA'S ruling party said yesterday it was willing to form a coalition with its election rivals as partial results showed it suffered a dramatic decline in support in the April 5 vote. President Megawati Sukarnoputri's Indonesian Democratic Party of
      AFP  -  325 words
    • 171 11 KUALA LUMPUR Bloomberg MALAYSIAN Plantations Bhd's board said it's prepared to defend itself after Chua Ma Yu and a group of other shareholders sought to remove six directors from the board, including Amin Shah Omar Shah and chairman Lim Yan Hai. "If there are
      Bloomberg  -  171 words
    • 578 11 WASHINGTON US response over years to terrorist threats inadequate Reuters AP US intelligence before the Sept 11 attacks showed plenty of threats, mostly overseas, but no reports that extremists were going to use airplanes as missiles, White House national security adviser Condoleezza Rice
      Reuters; AP  -  578 words
  • Page 11 Advertisements
    • 83 11 Where to wine, dine and entertain... by. A World of Exclusive Privileges Treats B W WB MWI 1 Fashion Nite at IV 1 1 4- q Discovery Pub. Come watch a bevy of beauties show off the latest in leisure wear. It's also Happy Hours from 3pm to Bpm on
      83 words
    • 112 11 plaza PARKROYAL INCAPORI Say Yes To Dream Spring Wedding Show 16 April 2004, 6.30pm to 9.30pm Plaza PootsMe, $18 nett per couple Includes sumptuous wedding dinner menu buffet. Come on down to our Wedding Show and pick up valuable tips on planning your special day. Attractive wedding packages will be
      112 words
    • 93 11 COUKTYAKD Penang Hawker Fare 8 to 24 April All the delicious Penang food that you drool on Is now available at Grand Plaza Parkroyal this April. Come on down and savour the authentic flavours of our Guest Chefs. You may also win exciting prizes...like a 3D/2N stay for two at
      93 words
    • 29 11 THE MANGO MANTRA T \g -v \L ,s r;-g 4. v'i .n 4 o.iv t ft:at':* «'V, '•> <; r :j; i; ar r ,ir i r i, s rr- —vaji^k_^
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    • 158 11 TVant yourMir to our back by popular damand Asian Buffet and indulga In soma all-time favourite dalicaciaa Lakaa, Maa Robua, Spicy Tbm Yam Soup, Blua Crab In YaMow Curry, Bralaod Pork Lag and our ovor aorumpdoua noaatod Mm at only SH.8O1«1 Coleman*■ Aalan Lunch Buffet comei wtth free flow of
      158 words

  • WORLD news
    • 778 12 Move affirms US firms' commitment to outsourcing offshore IBM is buying India's third largest call centre company, affirming corporate America's continued commitment to outsourcing offshore. Daksh eServices Private Ltd, founded four years ago, has capitalised on the growing trend of call-centre outsourcing and
      Source: Nasscorn/FT  -  778 words
    • 264 13 LOS ANGELES It's double-or-nothing at the roulette table, with over £70,000 at stake Reuters A BRITISH man who has sold all his possessions, including his clothes, will stand in a rented tuxedo on Sunday and bet everything on a single spin of
      Reuters  -  264 words
    • 333 13 WASHINGTON The problem is bigger than any single firm, he says Bloomberg AFP MICROSOFT Corp chief executive Steve Ballmer said the problem of computerhacker attacks is "bigger than any single company" and that governments must help through research, consumer education and criminal penalties.
      Bloomberg; AFP  -  333 words
    • 264 13 TOKYO AFP JAPANESE Prime Minister Junichiro Koizumi has said he will not seek a third term because he wants to be "liberated as soon as possible" after realising his reforms goal, Kyodo news agency reported yesterday. Mr Koizumi said he intended to step
      AFP  -  264 words
  • Article, Illustration
    1063 12 Transaction date: Apr 8 MTERBAMg CROSS RATES A$ CS En* Euro HKS lad ft BupUh Yen Woa Ml Mb >wo SStend Str 1$ Balrt P*mt US$ Australia 1.004 6.344 0.628 5.959 3X357 65.647 0.809 8.717 2.905 1157 43.853 42.905 1.282 4.824 0.976 25.158 29.909 0.416 0.764 Canada 0.996 6.317
    1,063 words
  • 1550 12 S1C0M FUTURES Apr 8 RUSMEt Futures (dosing prices) RSS1 (S cents/kg) Close Volume Open Month Htyfa Low Sett (tonow) Interest May 04 233.75 Jon 04 234.75 Jul 04 238.50 Aug 04 239.00 Sep 04 239.75 Oct/Dec 04 240.25 RSS3<USceoisto Volume Open Month fflgh Lorn Sett (tonnes) Interest May 04
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  • 6647 13 1 Transaction date: Apr 8 52-Wk Td List Vol Day LactQuot* GrOtv Otv GrYW Met MCap High Lokk Cod« Company Sal« rooo) High Law luyr idhf Cw P/E Smi 57.9 32.9 5834 A-Son* 44cd +1.5 608 44 42.5 43.5 44 5 N9.7 0.6 15.6 149 8 5300 ABNAmroNLG
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  • 60 13 y. Of LMOKM Grf*. 0t« CTU Ha MCM SSBB 1* riw> i— vfcr cv m >3 KB MOO SIR Dtamorafe UUtfO jtiC WJJOO COB ISDJUSTadt USJ740 ton ISMSOSport,. IHMS «0t ISitHM USBZJO HMO SM 6170 STOWS US1U00 »«s <jw cis snpy 100 noo *6 11 1101 ino 1900
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  • 320 13 n-M t« lai urnomrn <no* tny mm mem HMl la» C«4< -I II I SMi w- root Uw *T» MM* CV W M* 21$ '<* WOO AVJWWWVA2SC A20I -13 83 210 201 202 2D4 40 8* *9 7.7 «6S 1001 C*h»*'«2ft MK720 l\ I* f 6K2 OwratongSOc HK1M9
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  • PROFILE/ARTS/EPICURE
    • 1519 14  -  Philippe Starck talks to JAIME EE about his vision of the moral market JAIME EE PROM enfant terrible of the design world to the man who gave yuppies a new way to brush their teeth, Philippe Starck now has a new title: Chief Vision Officer.
      ARTHUR LEE  -  1,519 words
    • 502 14  -  By Cheah Ui-Hoon STAYIN' Alive that's what the Bee Gees' music is doing at the Esplanade Theatre now that Saturday Night Fever (SNF) the musical has jived into town. But don't be expecting the gritty, soulful version that captured the 1970s Bronx reality so well on
      Abdul Aziz Hussin/ST  -  502 words
    • 315 14  -  By Cheah Ui-Hoon IT may be raining cats and dogs on the island, but over at Vansh, it's raining mangoes. The Indian king of fruits is just about to burst into season in the sub-continent, but you can have an early taste of its creamy sweetness
      315 words
  • Page 14 Advertisements
    • 105 14 Encounters with Modernism Opens 18 March 6 June 2004 H Singapore Art Museum I II Wassily Kandinsky I a I I Jackson Pollock Part of the international art tour The Past of the Present'. <m> sponsoredby Stedelijk Museum IWCAKHJ AIT MUUUM fiitv-*.' Hf> -I QH3MMOD?* 5W Have fun creating your
      105 words

  • CELEBRATE AUSTRALIA
    • 1173 15  -  GOH HWEE LENG tours the Australian wine region in style in a 1962 Daimler limo GOH HWEE LENG IN my opinion, there's only one way to see the Barossa Valley in South Australia, arguably the best-known wine region in Australia. That's reclined in the back seat of
      1,173 words
  • Page 15 Advertisements
    • 392 15 I i i wMiidi^^^B^P^BHßHHH^P^^ff'^^^^^^BMMl^^^B^^^^^B^^^^Mjl^BMilMnßlßfflMHMiir^ Perth Treat yourself to all of l/fe; a*cl e*dletf wx*fy ?V)?8 i* Alalia. Whether itV for>e of fi*ert Return Konoim class tlrftrt to wincf a«d iff of>rt back and ~„^.Ss!^dl»».« a» invigorating ;pa treatment, Qantar Holiday; ka; .'{HLSTSKS a *w/-ber of liftffyU package; to Mt every
      392 words
    • 24 15 complimentary copy of The Business Times at selected F&B outlets at the following malls: Scotts, Liang Court, Plaza Singapura, Clarke Quay, Punan n'MaH.lMM.TampliiesMallLotlandJunction«.« .v* ■>
      24 words
  • Page 15 Miscellaneous
    • 251 15 CRYPTIC CROSSWORD ACROSS Start (9) 5 Pays a brief visit to watch 1 A cleaner, fuel that draws over transgression (5,2) (8) 6 General carries the 6 Land in America (6) league's weapon (5) 9 Valiant choir somehow 7Go with Bill to business (9) held a note (6) 8 Oppressive
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  • EXECUTIVE Lifestyle
    • 1767 16  -  After a year's break, ARTSingapore returns, bigger and better than ever. But how relevant is it? RACHEL FARNAY JACQUES finds out RACHEL FARNAY JACQUES THERE'S $10 million worth of art to be sold at ARTSingapore 2004— the annual event that sees 10,000 collectors, galleries, dealers, and
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  • SHIPPING TIMES
    • 331 17 Bloomberg [LONDON] Gulf oil tanker rates for shipping crude to Asia, unchanged yesterday, may fall after the Easter holidays as oil companies and traders postpone bookings for May in anticipation of lower rates. Freight rates for very large crude carriers, or VLCCs, from the Middle East have risen
      Bloomberg  -  331 words
    • 270 17 SGX '000 Agri a »m CHOffchore 0 44 unch 4425 OwjanHup- 0.54 -OQ1 2008 Ccaco Investment 1.07 unch ***** CWTDfctribubon.—0.S5 unch 0 Ezra Hldgs 123 unch 290 FrttghtUnks -0.13 0.01 409 GB Holdings 0.72 unch 10 Java Holdings ..0.93 041 2348 ICf Venture 0.30 0.01 ***** KappeiCorp -7.15
      270 words
    • 236 17  -  Jurong Port posts 60% rise in throughput By Beth Jinks [SINGAPORE] PSA Corporation's Singapore container throughput grew 12 per cent in the first quarter of 2004, while Jurong Port chalked up about 60 per cent more boxes than a year earlier, the two
      236 words
    • 597 17  -  Q1 volumes jump 30% to 2.78m TEUs; new Changdu rail link to give further boost By Donald Urquhart [SINGAPORE] China's Pearl River Delta container port of Shenzhen continues to ride the surging wave of Chinese exports with first quarter volumes up 30
      BLOOMBERG FILE PHOTO  -  597 words
    • 799 17 Great Eastern and Mercator to invest US$420m in new ships Bloomberg [NEW DELHI] India's Great Eastern Shipping Co and Mercator Lines Ltd plan .to spend more than a combined US$42O million on new ships in the next two years as
      Bloomberg; BLOOMBERG FILE PHOTO  -  799 words
    • Article, Illustration
      58 18 [BERGEN, Norway] Operations are under way to refloat the capsized Norwegian freighter Rocknes off Bergen, Norway. The vessel carrying rocks capsized in icy seas near the port of Bergen, off the coast ofsouthwestern Norway, on Jan 19,2004, killing 18 members of the crew—l 6 Filippinos, a German and the
      AFP  -  58 words
    • 774 18  -  ADMIRALTY CASEBOOK By Selva Kumar WHETHER a charterer can limit its liability under the 1976 Convention on the Limitation of Liability for Maritime Claims will depend on the type of claim against it rather than the capacity in which it acted when
      774 words
    • 211 18 PAGE Alianca 3 AAL 5 Avant 6 Bank Line 4 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 China Shpg 5 Confer 6 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee
      211 words
    • 12240 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vesse I Voyege SIN Dest'n Name Nam* Number Number SIN Dest'n Name Neme Nu^? r 29/04 05/05 PACC Coot THOR LONE 020 65-*****655 To ABIDJAN (ABJ) 2003 Cote D'lvolre To CAMDEN (CDE) 2687 U. S. 11/04 28/05
      12,240 words
    • SHIPS IN PORT
      • 410 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ASIA EXPRESS 206-B J7 A/SIDE 09/04 1300 BAYSWATER228 E4091 J3 A/SIDE 09/04 0200 BTPUTRASEJ APR7 J1 A/SIDE 09/04 0200 KALTIM EXP 2417 E J16 A/SIDE 09/04 0600 MARC0P0L072 01/04J J3 A/SIDE 09/04 0730 SURYA NAWA9 282 J13 A/SIDE 09/04
        410 words
      • 1591 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing On- Berth Name Voy Voy seq berthing Nmbr ACX LILAC 064S 064S 1 *****004-15:00 12/*****447:00 ACX MARGUERI 029N 029N 1 10/*****4-20:00 *****004-1000 AL MLTTANABBI C289W Q89W 1 10/*****4-18:00 11/*****4-04:00 AL YAMAMAH S408W S408W 1 12/04/2004-13:00 13/*****443:00 ALAMJAYA 2
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      • 142 25 Apr 8 Norway: Maundy Thursday. Philippines: Maundy Thursday. Sweden: Maundy Thursday. Apr 0 Sweden: Good Friday. Singapore: Good Friday. Philippines: Day of Valor. Norway: Good Friday. NZ: Good Friday. Indonesia: Good Friday. India: Good Friday. HK: Good Friday. Australia: Good Friday. Switzerland: Good Friday. US: Good Friday. Apr
        142 words
      • 802 25 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        802 words
      • 527 25 180 Max 962.5 03 12.1 0.05 36 0.04 *£j DtMHy Water ttiM— A»IiAI>«I*Imw SittMwt No above E25 0 0 0 0 0 0 M/M 380 Ave 983.6 02 12.7 0.04 25 0.02 imm J™* 380 Mai 990.9 0.4 17.5 0.07 49 0.05 M/Mt %»A »M/M %K/K
        527 words
    • AIR & LAND transport
      • 470 26 It is in talks with potential risk and revenue sharing partners Reuters [LONDON] British aero-en-gine maker Rolls-Royce Pic said on Wednesday that it was in talks about a possible revenue-sharing deal to spread the risk of making a new engine for
        Reuters; REUTERS FILE PHOTO  -  470 words
      • 241 26 Bloomberg [SEOUL] Incheon International Airport, South Korea's busiest, handled more passengers last month as the country's economic recovery encouraged more people to travel. The airport, which serves Seoul, handled 1.72 million passengers in March, 9.8 per cent more than a year earlier, it
        Bloomberg  -  241 words
      • 49 26 [FLORA, Mississippi] Cars from Amtrak's City ofNew Orleans train resting on their sides following a derailment near the town of Flora, Mississippi, on Wednesday. The train jumped its tracks in a swampy area of the Mississippi Delta, killing a 68-year-old passenger and injuring nearly 60people. AF
        AF  -  49 words
      • 604 26 His departure could mean Victor Li's rescue offer is off the table: Analysts Reuters [MONTREAL] Air Canada's No 2 executive, Calin Rovinescu, resigned unexpectedly on Wednesday for undisclosed reasons, marking another setback in the insolvent airline's last-ditch efforts to emerge from bankruptcy protection and avoid
        Reuters; BLOOMBERG FILE PHOTO  -  604 words
      • 195 26 EU clears AlitaliaAir France tie-up after they give up slots AP [BRUSSELS] The European Commission cleared an alliance between Air France and Alitalia on Wednesday after the airlines agreed to cede up to 84 takeoff and landing slots between France and Italy. The Commission said its decision demonstrated it would
        AP  -  195 words
      • 304 26 Its subsidiary Alliance Air also plans to lease five A319s to boost capacity Reuters [NEW DELHI] Indian Airlines Ltd, one of the country's two main domestic carriers, and its subsidiary plan to lease six Airbus A 320 and five A 319 planes
        Reuters  -  304 words
      • 1887 26 EH rUCHT EH fUBff CTD S0403 9730 EM05 OHO MM 8*7381 1640 IK*770 2300 O404 1405 EM31 0325 0T81 1840 S0229 2300 EK348 1650 $0404 2325 6**75 0655 KL838 2255 gg KL637 1450 Frwttat *C9951 0630 IH9765 1345 Mftm SOM —oioo LH9762 0630 S0326 1345 tM0
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  • Page 17 Advertisements
    • 64 17 B=3 loSelqufts Rolls-Royce looking at risk sharing In 7E7 protect I nratfMrMng/aubtcripOont, call Bernard Ong: *****645, Joe Wong: 6319 2062 HP: *****327 EmaH: wrangwsjOsph.com.Bg For edNoiM iiwtleri/apecial Mmt. Beth JWcr 6319 5214, George Joseph: 8319 5772 J Donald Urquhart 6319 5197 Fax 6319 8281 MartwOiHjrtmfflt: D Surendran: 6319 2109, Main
      64 words

  • Page 18 Advertisements
    • 818 18 I TO USA/CANADA I I EXPORT I OTHEltdd—El VBSg IvoT IPW |W3ffILOH6KACH| PAUASI HOUSTON |MHRPWSIO4CAOO|I*W TOW |FI" T TO AUBTRAUA tAUBTRALIA ASIA IXPRlisir' PlO NEDLLOYD KOWIOON 37E16 13/04 14/ M 3W4 OS/D 5 07/D5 05/K OVDS MA>5 VESS& VOT 'ETASW PM m m STB i OOQHAMIURG 02E17 20/04 21/04 I
      818 words
    • 452 18 line* services by Singapore Shipping AwOOdfan CONTAINERS CONVENTIONAL CARGO ro T KUM/»ira(/JMUini 4 MNOKX VOY ETAPKL ETA SIN ETA MALE KoUi Teraju TRJO77 1404 2404 Maid Star 547 IVO4 1&04 27/04 LI 11 MARINE SERVICES SINGAPORE FhwBMTMI'BMMI te«M7MI SCANCRART AGENCIES SDN BHD etTRANSLINDO -JAKARTA lib O.K. LINE FULL CONTAINER SERVICE
      452 words

  • Page 19 Advertisements
    • 760 19 MAI fnmfiinin iWA V>ORIOHW> Cf o range of skipping mocks to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Ocw»wa._ For Schedules, BL Searches, and Container Tracking, click on our Home Page: www.moUin.com. >9 !■[>■■ If TO ADVERTISE, CALL JOE WONG AT 6319 2062
      760 words
    • 1542 19 ADDITIONAL MEW WKIQY *ADX' S9VKI TO EAST MEDITERRANEAN ON ETOY FRIDAY WITH ffHCT ROM MNG SKY MOOIW EH SIN: 02/04/2004 $l*G*fO«: 14IAFFUS QUAY #36-01 SAUS/MGS TEL *****857/43 FAX: *****321/24 I (HVUAM m MnHMH (MW COSTAR SHIPPING PTE LTD HON6UON6IUU,MG outward (i/u M?OS«O2 u3ui»/7i I SINGAPORE TO ISiUOUi -IS DAYS CR
      1,542 words
    • 493 19 VBSa VOY SW JKT HttTPMITiC KTM WS VESSa VOY SIM JUT SU» HK6 USW PUS IMC HTrtmOAl MBOCt 07SS IV4 17/4 21/4 2V4 2</4 21/4 21/4 KMTC SWGAPOtE 405S 13/4 11/4 17/4 22/4 24/4 27/4 21/4 HY VLADIVOSTOK 140S 21/4 24/4 21/4 30/4 V 5 S/5 5/5 KMTC JAKATA 40SS
      493 words

  • Page 20 Advertisements
    • 737 20 CI mi A Q ENQUIRIES/BOOKINGS: *****344 FAX: ******33 E-MAIL: (MmaMMmM.com.ag \J ELa IVI MO DOCUMENTATIONS/OPERATIONS: *****837 PAX: *****177 hums vist umummt ixpßissco*TAi«saviaTosowH/wiSTA#RiCA VESSEL VOY SIH [REUNION [LUANDA POWITENOIRE MATADI UIREVIUEAMDJAN TEMA LOME TIMCAN COTOWOU APAPA DOUAIA ONNE Scotia mi 09/04 24/04 19/05 07/05 17/05 11/05 16/05 HonPdmas 421W 13/04 30/04
      737 words
    • 217 20 n WINSTAR SHIPPING PTE LTD BATAM UNER: TEL 6261 1970 FAX: 6261 2531 PROJECT CAROO AND TUG A BARGE CHARTERING TEL 6272 1272 FAX: 6272 3227 a N0.**********0C Homopoge: www.winflof.Com.se E-mail: MouirY^winflßr.toni.M 6 Soilings Watty (Moa Sot) I Loading at Jurong Port Door to Door FCI/LQ/ Conventional Corgo btftkUs: Phut
      217 words
    • 1534 20 WAN HAI INTERNATIONAL PTE LTD at Nft **********0/R WAN HAI LINES V 11 A llnll llftl LlllLJ PHIIH.(OSIMAMMHUL(DS2M232MfW 1H.(04)*****0CNUL V- JOHIR: 107) 2511*23 HUL|O7)2SII«I SUIJH. (031) J2»M75f«; (OJI) W2714/ 32*1305 www wankai tarn m *T *****244 m Ha KH 525A71inil 11:71 UIO/***** FAI7IU7I www.winini.[B».n MriMagMgMIBWHgW mrousMHßcnw n k nn lis
      1,534 words
    • 635 20 BSA x o MYANMA fln FIVE STAR LINE (Myonaar National Uno) Loading for Yang or VESSEL vor UN m PHI KU PAGAN 321W SIB NPA-AN 320W 13/14 IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-3176*101 PEN: 04-2****** ACCEPTINfI CONVENTIONAL CBO vessel vor hkg sin pcii pu iik SUNNY HEAT
      635 words

  • Page 21 Advertisements
    • 1243 21 IRISL, Sua Qfo® MtsteJQ® (sJ&s^/pQa (°M) QfhijKsXygjlh IbMN §J} Q® SttllklffidJ jp®ficr)i)3 ft® UlFsKft W®M] (33 fc) (SoQJZ)* (3Gxyjofoites 3® Q(h® ifa]3ifo&) Mom* AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INDONESIA SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SDN. BHD. PT. SINOSE CONTI PERSADA TEL: *****144 FAX: *****181 KLANG
      1,243 words
    • 588 21 UK CONTINENT SERVICE Loading for GLORIUS RTM/ATW/BMN/UK/NAN ATERMON RTM/ATW/BMN/UK/NAN Loads Singapore, E/W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading tor RAVENNA DBl/ABU/DO H/BRN/DMM/KWT REGAL STAR AON/HDD/JDH VTC STAR DBl/ABU/DO H/BRN/DMM/KWT •Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for STELIOS B CAM/NOL/SAV/TPC NENA M CAM/NOL/NFK/SAV 'Loads E7W Malaysia, Indonesia F.E./S.E.A. SERVICES S
      588 words
    • 723 21 vKsn Yai m m— _msa m m ml PAC lANOA UI3M M/ 04 09/04 AIAMMTA2 Ml H/04 H/04 pacranda UMN ISZ24 D2S JMJUm 2213 UM— PACtANOA 118SW 12/04 12/04 HIM lit! 7 lIS2 liM 20M PACtANOA IUM LiZfi4 1?/Q4 PAC WNTAM 9244 21/04 23/04 uumt mzH hzm is/;* mmmmrrrmrnTrvmmaa PAC
      723 words

  • Page 22 Advertisements
    • 574 22 ■pvnnya TIGER SHARK 177N 15-14/04 21-22/04 27-27/04 I HhliilUl TIGER PEARL 178SA 18-18/04 FOR DISCHARGING ONLY I WjTrr™ TIGER WAVE 179N 19-19/04 25-26/04 02-03/05 ■■■■SEA NAVIGATOR 179S 21-21/04 FOR DISCHARGING ONLY I TIGER PEARL 178N 21-22/04 28-29/04 04-05/05 wTItHItI:I«DAIIAN MS nSTl?l7^rT?nri BfffJIWBTIGER SPRING 506 10-11/04 17-19/04 26-27/04 HUUmg j BALSAM
      574 words
    • 930 22 HMHwrinw ma- U FREIGHT LINKS EXPRESS PTELLTCK 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@singnet.com.sg ATTRACTIVE LCL RATES TO THESE VARIOUS DESTINATIONS SURABAYA CEBU BANOALORE NEW DELHI SEMARANG MANILA CALCUTTA NHAVA SHEVA 4 BELAWAN BOMBAY MADRAS PLS CALL FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569/5553 PROJECT 6r HEAVY
      930 words
    • 1132 22 lib |PDZ LINES I /ufc s3^"m" re I MWIAt {BW«HWBi» WWKM TO MUKUt, tMMB, ITMIB AW VICTM I WWW Wf IT* SIM IU RCN ntttl VOY IT* MM ITA MM nsg|| ypf fTA JW iTM Rl lUIW MM S W7 11/04 13/04 40H 14/04 16/04 SALAM MUMtI 4013 10/04 13/04
      1,132 words
    • 193 22 mlfflWßaW BREAKBUUC A CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI [ypsa I VOUGf IttSWMfOtl EUIMKH~I 1 Qflral w atolMi I 020HW IMMUH 07.05.04 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Road #17-07/08 Apox Toww, fcpfw *****5 T«Uphonw 6270 0977 FocshtmU: 6275 2309 Talwu KS ***** SEAPAC DIRECT SIN NAMPO, P.ML
      193 words



  • Page 25 Miscellaneous
    • 127 25 REGIONAL WEATHER YA jj miiniii jz > 1 mm#' >V„m. X yf/ ill y EQ iBBIBfe y~ T 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 One half fleche represents 5 knots Cloudy Day —One
      127 words