The Business Times, 20 April 2004

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Total Pages: 24
1 24 The Business Times
  • 13 1 MITA (P) 023/03/2004 THE BUSINESS TIMES SINGAPORE Inteii.r."^.//business-times.asial.com.sg TUESDAY, APRIL 20, 2004 850
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  • 518 1  -  It's seeking to buy 30% share of SGX-listed Total Access; report By Angela Tan [SINGAPORE] Investment company Temasek Holdings may be casting its regional eye beyond banks and towards telecommunications companies. According to a Thai report, Temasek has approached Norwegian telco Telenor to
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  • 77 1 «n 1,844.71 (-9.28) ST INDEX FUTURES M40.00 (-11.00) SIMSCI 223.52 (-1*9) SIMSCI FUTURES 222.20 (-220) Monday Change KI.SE << iMI' J&M NIKKEI ttf) ll.7M.il MX, HANIiSENO li.WMNI -K» SET INDEX 7IM.A5 -7J56 JAKARTA I'OMP _7M.X3l -Mil MANIM (1>MP I.497.4N <M3 TAIPEI WI1 «.77» IK :»ili SEOI'LCOMP Willi SHENZHEN B
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  • 84 1 FOREX RATES US$ 8$ rss(sspfriss> if\i* V(l SS/SS per K) I fMHi. HIM! H KO|» SS"SS/K) I.2H4 HWI VKN 107 9 M:«i KM Z£M H KS 7 799 41H7 H.MIT XUtt III MAH MjGWI 5,124 KKNMIMtl K299. 4 945 INDIAN RI PF.K_ 43*7 2« 14 AS I ;«7 i»7%
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  • 533 1  -  It's among several international hotels affected by strikes By Andrea Tan [SINGAPORE] The simmering labour dispute in the Cambodian hotel industry came to a head yesterday for a Singapore hotel owner there. The luxurious Raffles Grand Hotel d'Angkor, owned by
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  • 831 1  -  Jakarta rushing to get bill introduced before July polls From Shoeb Kagda INDONESIA is in the final stages of preparing a new law to formally create free trade enclaves on Batam, as opposed to turning the whole island into a free trade
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  • Page 1 Advertisements
    • 1 1 8
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    • 74 1 The best of S'pore F&B industry Pg9 Ht fl Hf H I 1 IP® wagEE* ■■PR 1 1 jfS^^ _=j#^ Wristwatch Marine "Hora Mundi" in 18-carat yellow gold, with indication of the /^~^s~~*\ 24 time Self-winding movement with date calendar and centre seconds >C hand Silvered gold dial hand-engraved on
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    • 37 1 INSIDE COMMENTARY Informatics not playing fair Wong Wei Kong Pg3 PROPERTY h Microsoft leases space at new NTUC Centre PgB SCANDAL Shell execs hid reserves shortfall for years: report s High-flyer Judith Boynton, Shell CFO, ousted Pgi3
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  • NEXT page
    • ON THE grapevine
      • 106 2 A HI-TECH craze called "toothing" is said to be catching on in Britain. Strangers on trains, buses, in bars and even supermarkets are hooking up through messages sent via the latest in phone technology. "Toothing is a form of anonymous sex with strangers," according to a website
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      • 121 2 AN investigation is underway at a Nestle factory after a rude message was found on thousands of Aero wrappers. According to a source at the factory in York, England, the rude words appeared where the Best Before date and code would normally be printed. The
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    • 387 2  -  Survey shows 47% expect better profits in Q2 By Chen Huifen [SINGAPORE] Singapore manufacturers are upbeat about business prospects, with more of them expecting growth in profits. About 47 per cent reckon net profit in the second quarter of this year will be better
      Source: S'pore Manufacturers Federation  -  387 words
    • 576 2  -  YESTERDAY IN PARLIAMENT Reports of govt talks with casino operators not true: Balakrishnan By Chuang Peck Ming [SINGAPORE] Singaporeans will be kept wondering for the next six to nine' months about whether a casino will be allowed here.
      FILE PHOTO  -  576 words
    • 403 2  -  Onus of disclosure is on shareholder: Lim Hng Kiang By Wong Wei Kong [SINGAPORE] The late tycoon Khoo Teck Puat's failure to fully disclose his interest in several listed companies will be thoroughly investigated, Second Minister for Finance and deputy chairman
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    • 647 2 LATEST US DATA Economists expect robust growth in second quarter Bloomberg, AFP [NEW YORK] The index of leading US economic indicators rose 0.3 per cent in March as tax refunds put more money in the hands of consumers, jobless claims fell, and
      Bloomberg,; AFP  -  647 words
  • Page 2 Advertisements
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    • 27 2 childcare services? j Reach out to more readers by advertising in The Straits Times Classified. Call our C.A.T.S. hotline at 1800-289-9988 and our friendly V sales I
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  • Page 3 Advertisements
    • 128 3 LHies are expressbn of appreciation gratefulness for the wonderful j*, I support she has given. v $50 "*t*L.". tjfj brown bear! Complete with a lovely bouquet c i ,blueroses A A superb Idea for JftJ S>r* those with a team <'A" of ""SCWE; "j 4 _y M appreciation for all
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  • SINGAPORE companies
    • 734 3  -  Lasseters' managers confident it'll pass the money laundering test By Loh Hui Yin THE Monetary Authority of Singapore (MAS), which last year rejected Cambodian casino operator NagaCorp's listing because of money laundering concerns, is leaving nothing to chance with another casino's
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    • 236 3  -  By Teh Shi Ning ORNAMENTAL fish breeder and exporter Qian Hu Corporation yesterday announced a fall in net profit for the three months ended March 31,2004. Net earnings slipped 8.8 per cent year on year to $1.2 million, from $1.3 million in Ql 2003.
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    • 707 3  -  HOCK lock siew wong wei kong IS Informatics Holdings doing the right thing in suspending its shares for such a prolonged period? In a word, no. Last week, the education services provider shocked the market by announcing that it overstated its unaudited pre-tax profit for the
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    • COMPANY Briefs
      • 40 4 IN a move to expand its automotive business, precision tooling and metal stamping group Amtek Engineering has set up a wholly-owned subsidiary, Amtek Metalforming (Shanghai) Ltd. The unit will have a registered capital of US$12 million.
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      • 112 4 Reuters UNITED Overseas Bank and Bank of America Corp said yesterday they had closed an asset-backed deal with a notional value of US$1 billion. The collateralised debt obligation is the first managed, multi-sector deal done in Asia, according to a statement from Singapore's second
        Reuters  -  112 words
      • 64 4 RICHARD Li, chairman and chief executive of the Pacific Century Group, yesterday said that, for estate-planning purposes, he has transferred all of his interest in his privately held company, Pacific Century Group Holdings Limited (PCGH), into two trusts. This effectively transfers his interest in
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      • 48 4 GATES Electronics Limited, a distributor of electronic components in the automotive, consumer electronics and telecommunications industries, yesterday lodged its preliminary prospectus with the Monetary Authority of Singapore in preparation for a Sesdaq listing. HL Bank is the manager, underwriter and placement agent.
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      • 46 4 DBS Bank's Thai subsidiary, DBS Thai Danu Bank, reported a 230 per cent surge in unaudited net profits to 324.7 million baht (S$13.8 million) for the first quarter ended March 31,2004, helped by higher operating profit and lower provisions.
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      • 56 4 SINGAPORE Computer Systems yesterday has entered into a memorandum of understanding to set up a joint venture company with PT Astra Graphia Tbk, a subsidiary of listed Indonesian conglomerate PT Astra International Tbk, to provide IT solutions to companies. SCS will invest $7.85 million
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      • 87 4 OCBC Bank's executive chairman Cheong Choong Kong and chief executive David Conner were granted an award of3,629 shares and 35,483 shares respectively under its "deferred share plan and related trust arrangements". A notification on the deemed interest arising from the grant shows Dr Cheong with
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      • 87 4 ELECTRONICS components distribution and design company Excelpoint Technology has entered a contract to use GSM/GPRS wireless technology from Simcom Ltd, a China-based wireless technology specialist. Excelpoint, which was listed this year, says it will use such technology to target customers in China and in
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    • 459 4  -  SCI's CEO cites valuation gap as reason for not proceeding By Serena Ng SEMBCORP Industries has scrapped plans to inject its private offshore unit, Sembawang Marine and Offshore Engineering (SMOE), into listed subsidiary SembCorp Marine (SembMarine) due to a valuation disconnect. "We've
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    • 386 4  -  Acquisition of 60% stake will trigger general offer at 24 cents a share By Joyce Koh RAFFLES LaSalle Ltd (RLS) has struck a deal to acquire 36 million shares or a 60 per cent stake in fellow education provider Hartford Holdings for $8.64 million. And
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    • 247 4  -  By Chen Huifen WITH a recent contract win from Japanese firm TEAC Corp under its belt, local IT solutions company Trek 2000 International is said to be working on a "strategic alliance" with electronics giant Toshiba Corp. The mainboard-listed company declined to give
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    • 502 4  -  It raises 10b yen in Japan fund; M'sia, Thailand, China, HE seen as targets By Kalpana Rashiwala ly. CAPITALAND, which yesterday announced the 10 billion yen (Sslss million) initial closing of its Japan shopping centre fund, is looking at setting up similar funds
      ly.  -  502 words
    • 684 5  -  S'pore drawing more boutique fund companies and hedge funds By Siow Li Sen BUOYED by the booming regional stock markets, many local fund managers have had a bountiful year, and the music does not look like stopping any time soon. And Singapore
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    • 352 5  -  By Genevieve Cua STRAITS LION Asset Management, the fund management arm of Great Eastern Holdings, has formed a joint venture to create and distribute hedge funds in Asia. SLAM has tied up with US-based Fairfield Greenwich group, which manages over US$7
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  • 4443 4 UNIT TRUSTS FUNDS Com Global Infotec Index Fd!" 0.361/ Com Global Energy Index Fd 1.0521 ABN Amro Asset Mgt (S'pore) £om a 06 1 0.812/ Sta Eirnpe Eqty'" 0.736/ Com S pore Bond fund/* 1 099/ Star Europe Bond 1.215/ Credit Agricole Asset Mgt S pore Ltd StarEuropeBd 1.039/ Indocam
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  • Page 4 Advertisements

  • Page 5 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      553 6  -  Compiled by KENNETH LIM Venture Corp April 19 dosing: $19.80 We maintain our OVERWEIGHT rating but are lowering our 12-month price target to $23 from $24 based on a reduction in our earnings estimates of 9 per cent and 11 per cent for 2004 and 2005, respectively. The
      Source: Bloomberg  -  553 words
    • 267 6  -  HOT STOCK WARRANT By R Sivanithy TECHNOLOGY stocks have had a hard time lately, no thanks to volatility on Nasdaq where earnings have largely not surprised on the upside and fears are now mounting of another bubble bursting. But, according to local broker
      Source: Bloomberg  -  267 words
    • 494 6  -  BT comment STOCKS r. sivanithy WHEN making an investment recommendation, it's customary in financial circles to use language that doesn't offend companies, customers or companies that may one day become customers. Thus "sell" is masked by the use of "accumulate on weakness", "underperform" or "avoid",
      Source: Bloomberg  -  494 words
    • 469 6 It strengthens against yen but falls against euro as market awaits Greenspan's testimony AFP [TOKYO] The dollar firmed against the yen but eased against the euro in narrow ranges in Asian trading yesterday as the market awaited fresh leads as to when the US might
      AFP; REUTERS  -  469 words
    • TRADES TO WATCH
      • 112 6 TWO directors of Panpac Media reduced their stakes in the magazine publishing group last Friday. Non-executive chairman Low Song Take's deemed shareholding was reduced to 17.1 per cent from about 17.7 per cent after International Press Holdings sold two million shares in the open market
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      • 66 6 ONE of Sunlight Group's executive directors, Tan Boon Seng, yesterday sold four million shares in a married deal at 12 cents per share. The sale of the 2.12 per cent stake reduced his direct shareholding in the switchgear maker to 5.82 per cent, or 11 million
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      • 74 6 THE founder and ex-CEO of Xpress Holdings, Fong Kah Kuen (above), saw his deemed stake in the printing company reduced to 12.64 per cent from 14.93 per cent after his vehicle K K Fong Holdings Pte Ltd on April 16 sold around 13.8 million
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      • 59 6 AN executive director of Brilliant Manufacturing, Koh Swee Yong, on April 16 bought 200,000 shares from the open market at 73.5 cents apiece. The purchase raised his direct shareholding in the precision components maker to around 12.1 per cent from 12 per cent. Shares of Brilliant
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      • 62 6  -  Compiled by SERENA NG THE head of car rental group CityLimo, Richard Teo, on April 16 converted 300,000 options into shares of ComfortDelgro Corporation at 77.4 cents apiece. The exercise raised his direct stake in the transport giant to 304,586 shares, an almost 0.015 per
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    • Article, Illustration
      432 6 OTHER SINGAPORE INDICES Apr 19 VALUE CLOSE BT OB/OS -152.00 -237.00 BTCADI -*****.00 -100.00 BT 10-day MA -*****.00 -16.00 Afl-SG Equities 500.35 -2.51 SG Equities Elect 178.05 -1.03 SG Equities Fin 1489.79 -11.08 SG Equities Prop 455.14 +0.17 SIMSCI 223.52 -1.29 SiMSCI Futures 222.20 -2.20 Unda VBImw Wee Poh 0.5c
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  • SMALL caps
    • 929 7  -  It must decide either to return cash pile to shareholders or invest in core operations, says KENNETH LIM KENNETH LIM OVER the years, integrated container services provider Eng Kong has squirrelled away its cash and not unnaturally the cache has grown into a $20.7 million mountain,
      FILE PHOTO  -  929 words
    • 390 7  -  By Teh Hooi Ling THE suspension of Informatics which last week dropped the bombshell that it had overstated its first nine months' profit dealt a big blow to our smallcap portfolio. Without a bid price, the holding is valued at zero. As a result, the
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  • Page 7 Advertisements
    • 1250 7 £!!L STARTECH ELECTRONICS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting will be held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on 5 May 2004 at 10.00 a.m. for the purpose of considering and,
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    • 165 7 MGSM6326/B THE No. 1 MBA PROGRAMME IN ASIA AUSTRALIA" i 1 The lecturers at MGSM often combine their commitment to teaching Asia and Australia's No. 1 MBA* programme with consulting roles in the MiSM business world. They really know their subjects because they deal with macquarie them every day of
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  • FOCUS property
    • 349 8  -  By Andrea Tan THE uncompleted Duchess Manor in Bukit Timah, whose previous owner went belly up, has been sold to a low-profile developer for $33 million, sources said. The new owner is understood to be linked to a Ma-laysian-listed developer and has done landed
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    • 647 8  -  BT exclusive New Downtown's first tower is now almost fully taken up, reports Kalpana Rashiwala Kalpana Rashiwala Microsoft is said to have signed a lease for just over 100,000 sq ft at NTUC Centre at One Marina Boulevard. This means the 31-storey building,
      ARTHUR LEE  -  647 words
    • 212 8 Reuters [LONDON] The UK housing boom continued unabated in March, two reports said yesterday, in spite of difficulties for firsttime buyers and the prospect of higher interest rates. Asking prices rose 2.8 per cent in March compared with the month before, according to property website Rightmove,
      Reuters  -  212 words
  • Page 8 Advertisements
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    • 46 8 THE NEPTUNE COILYER Q. VA V Dian Xin from the Summer Palace, CHENGDE at The Neptune 18 to 28 April 2004 Reservations: 6224 3203 *L C CoHyer Quay Managed by Meritus Mandarin Singapore 7th Floor, Overseas Union House, Collyer Quay Singapore *****1 Tel: +65 6224 3922
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  • SINGAPORE news
    • 502 9  -  It's at 7th spot globally thanks to high broadband nse, govt-industry ties By Raju Chellam SINGAPORE is now Asia's top Internet-savvy nation, the world's seventh most wired country, and has made the greatest advance in this year's Web rankings. That's the verdict from
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    • 939 9  -  Ex-Les Amis chef Justin Quek snags top chef award By Cheah Ui-Hoon IF you're a stickler for the best cuisine and service in Singapore, this list is worth taking note of since the World Gourmet Summit (WGS) gave out 16 awards of excellence at
      JOYCE FANG/ST  -  939 words
    • 306 9  -  YESTERDAY IN PARLIAMENT By Chuang Peck Ming COMPANIES may be shifting operations to cheaper locations overseas, but such relocations are not the main cause of job losses in Singapore, according to Minister of State for Trade and Industry Raymond Lim. Only
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    • IN Brief
      • 139 9 SINGAPORE is pushing hard for Australia to let Singapore Airlines to fly to the US from Sydney, now that the aviation industry has recovered from last year's slump. "I can assure you we are engaging Australian authorities. I intend to press the issue very
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      • 102 9 THE Building Maintenance and Management Bill which seeks to make changes to existing laws governing the management and maintenance of buildings has been referred to a Parliamentary Select Committee for a more thorough examination. This is necessary because of the complexity of the issues
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      • 68 9 PARLIAMENT yesterday passed a constitution amendment bill which eases restrictions on the grant of citizenship by descent. It also lengthens the time from six to 12 months that a person may spend away from Singapore in reckoning the residence period of citizenship applications. Female Singaporeans can now
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    • 294 9 NASDAQ-listed ECI Telecom has moved its Asia-Pacific headquarters from Hong Kong to Singapore to be at the heart of the South-east Asian market. ECI, which provides telecommunications infrastructure and equipment solutions, says it sees great growth potential in South-east Asia, and being in Singapore
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  • Page 9 Advertisements
    • 577 9 I DEPARTMENT OF REAL ESTATE I THE AMOS KOH MEMORIAL FUND COMMITTEE A REAL ESTATE EVENT IN TRIBUTE TO THE LATE DR. AMOS KOH In 2003, the NUS Department of Real Estate established the Amos Koh Memorial Fund to commemorate the lifetime achievements of the late Dr. Amos Koh. The
      577 words

  • EDITORIAL & opinion
    • 817 10  -  THE bottom line OPINION leon hadar The writer is BT's Washington correspondent IN his last press conference, US President George W Bush argued that the choice the United States is facing in Iraq is between "staying the course" or "cutting and running". The Americans can
      817 words
    • 44 10 'We are all going to die one day, by Apache (helicopter) or by cardiac arrest. I prefer the Apache.' Abdel-Aziz al-Rantissi Hamas leader assassinated by Israel, a few weeks ago on the prospect of being a target of the Sharon government.
      44 words
    • 581 10 EDITORIAL ON the surface, a tie-up between the Singapore Exchange (SGX) and Kuala Lumpur Stock Exchange (KLSE) would appear to be a no-brainer. Yet both sides, while welcoming in principle the idea of closer cooperation, are treading carefully. Fair enough, given the emotional baggage of
      581 words
    • 990 10  -  The global scenario has changed as the spectre of rising US rates, and a spike in global bond yields loom larger From Neil Behrmann The writer is BT's London correspondent FEARS of an upturn in US interest rates and a steep rise in global
      AFP  -  990 words
    • 455 10  -  COMMENTARY By William Pesek The writer is a columnist for Bloomberg News. The opinions expressed are his own. IN the annals of odd timing, FTSE Group may warrant a mention. The global index company picked late March to say it may upgrade Taiwan's economy to so-called
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  • Page 10 Miscellaneous
    • 223 10 CRYPTIC CROSSWORD 10 Mohammedan prince turning 17 Pull in military men and plot Exaggerate the time spent -JV-—— 27 Courted in order to obtain jHlf H HI H IHI 28 The team accepting money HI may well go downhill fast! (5) 29 Miller- unde(slood 0) by "average" (4) 30 2
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  • REGIONAL news
    • 358 11 KUALA LUMPUR Move may pave way for Temasek to buy into Alliance Bank Reuters, Bloomberg THE chairman of Malaysian Plantations Bhd (MPlant), the parent of Alliance Bank, resigned yesterday in a move analysts said could help resolve a boardroom tussle that has threatened plans
      Reuters,; Bloomberg  -  358 words
    • 245 11 [KUALA LUMPUR] THE long-awaited privatisation of railway operator KTM Bhd (KTMB) is unlikely to happen anytime soon, the Malaysian Business Times cited analysts and sources as saying. This is because privatisation is closely tied to the RM14.5 billion (556.4 billion) electrified double-tracking project, which
      245 words
    • 258 11 KUALA LUMPUR AP, Bloomberg A POWER blackout in the Malaysian capital caused traffic chaos for almost an hour yesterday and left some workers trapped behind electrically locked office doors. Malaysia's Petronas Twin Towers and much of the rest of Kuala Lumpur's central business
      AP,; Bloomberg  -  258 words
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  • REGION world
    • 662 12  -  It sees slowdown in China but a pick-up in HK, S Korea, S'pore and Taiwan From Anthony Rowley EAST Asian economies should grow by a robust 6.3 per cent overall this year their strongest performance since recession hit the global economy three
      662 words
    • 235 12 HONG KONG Reuters, AP ITALIAN luxury products designer Giorgio Armani who picked up a fake Armani watch in Shanghai said yesterday he may shift manufacturing of some goods away from China if rampant counterfeiting persists. "It was an identical copy of an
      Reuters,; AP  -  235 words
    • 245 12 Two plots to be auctioned for a minimum of HK$1.675b Bloomberg [HONG KONG] Hong Kong will auction two plots of land for a minimum HK51.675 billion (Ss36o million) on May 25, the government's first land sale in about 20
      Bloomberg  -  245 words
    • 334 12 TOKYO It uses Blu-ray technology that does not need laser AFP ELECTRONICS giant Sony and another Japanese company have developed a "paper disc" that can record more than two hours of high-definition images and be destroyed with scissors for foolproof data security, officials said
      AFP  -  334 words
    • NOTE Book
      • 70 12 AFP [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi yesterday brushed aside speculation that Malaysia will review its ringgit peg to the US dollar. "Who is speculating? They can go on speculating. We have no plans to review the ringgit peg," Mr Abdullah, who
        AFP  -  70 words
      • 86 12 Bloomberg [JAKARTA] Jusuf Kalla, Indonesia's coordinating minister for social affairs, resigned from President Megawati Sukarnoputri's cabinet to run for the nation's No 2 post. Mr Kalla, 52, is stepping down to be Susilo Bambang Yudhoyono's running mate in the July elections, he said. Mr Susilo, who
        Bloomberg  -  86 words
      • 106 12 Bloomberg [NEW DELHI] Prime Minister Atal Bihari Vajpayee's Bharatiya Janata Party and its allies will win a general election starting today although by a smaller margin than first forecast, according to latest opinion polls. The average of five polls published since April 13 gives the
        Bloomberg  -  106 words
      • 94 12 Bloomberg [HONG KONG] Hong Kong's government plans to sell as much as two-fifths of its HK$6 billion (Ssl.3 billion) of asset-backed bonds to individual investors as it develops the domestic debt market, according to documents. The government will offer HK52.47 billion of
        Bloomberg  -  94 words
      • 77 12 AFP, Reuters [SHANGHAI] China has launched a new train that cuts the travel time between Beijing and Shanghai by two hours, Xinhua said. The express train will now take 12 hours for the 1,300 km trip. Separately, Hong Kong's subway operator MTR Corp said it has
        AFP, Reuters  -  77 words
  • Page 12 Advertisements
    • 557 12 Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HSBC SECURITIES SINGAPORE NOMINEES PTE LIMITED (Incorporated in Singapore) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 21 Collyer Quay 14-01 HSBC Building 5(*****0) on the 19 April 2004
      557 words
    • 350 12 In the matter of the Companies Act, Cap 50 And In the Matter of PETROLOG NAIGAI (S) PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF FIRST ANNUAL MEETING OF COMPANY AND ITS CREDITORS NOTICE IS HEREBY GIVEN that pursuant to Section 307(1) of the Companies Act, Cap 50 the First
      350 words
    • 394 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPIES HECKER (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the abovenamed Company will be held at 135
      394 words
    • 441 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YEE HENG MANUFACTURING CO. PTE LTD (In Voluntary Liquidation) FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cop. 50 that the Final General Meeting of the members of the above
      441 words
    • 306 12 |7p* I I syourcar? I Call our C.A.T.S. hotline at c.a.t.s. 1800*289-9988. Buy It. Sell It. Find It. 11 ILLINOIS I'NIVtHfUf fO»Hl INO«S AT UKHANA CHAMPA*** New Localism for the 21 st Century Strategies and Techniques for Successful Decentralization in the ASEAN Region A conference that offers an intensive exposure
      306 words

  • Article, Illustration
    1087 13 Transaction date: Apr W All-series: Maturities > a yr; Short: 1-3 yrs: Long: > 3 yrs <v w >**# mmmmmmmm mmmmtsmmmmmmmm ««*mwmmmmimb MMMM9*S mrnrnmDTERBAM1 CROSS RATES AS CS Bmb Euro HK$ Ind Bs Bupiah Yen Won BM HZ$ Pak Bs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia
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  • 1621 13 SICOM FUTURES Apr 19 RUBBER Futures (Closing prices) RSS 1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest May 04 234.50 Jun 04 235.00 Jul 04 237.00 Aug 04 237.50 Sep 04 ***** Oct/Dec 04 238.75 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
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  • WORLD news
    • 507 13 LONDON Reuters, Bloomberg ROYAL Dutch/Shell executives knowingly hid an oil and gas reserves shortfall from investors for years and feared the game was up as long ago as 2002, an independent review by lawyers revealed yesterday. The company replaced chief financial officer
      Reuters,; Bloomberg  -  507 words
    • WORLD Watch
      • 122 13 Reuters [STOCKHOLM] Mobile phone maker Sony Ericsson reported first-quarter profit more than twice the consensus forecast yesterday thanks to a booming market and cost cutting. The company made a pre-tax profit of 97 million euros (Ssl96 million) in the January-March period against expectations of
        Reuters  -  122 words
      • 91 13 Bloomberg [TOKYO] Shares in UFJ Holdings, Japan's fourth-largest bank by assets, plunged 8.3 per cent after a newspaper said regulators told the lender to set aside an extra 300 billion yen (554.65 billion) to cover bad loans. The Tokyo Shimbun on Saturday said the provisions may
        Bloomberg  -  91 words
    • 260 13  -  Judith Boynton Reuters [LONDON] Judith Boynton's dramatic fall at Royal Dutch/Shell was even swifter than her rise to become the first woman on the main executive board of the world's third-biggest oil firm. Finance director Ms Boynton, ousted yesterday, was the third high-profile casualty since
      Reuters; BLOOMBERG  -  260 words
    • 540 15 NEW YORK Board to meet to decide fate of chairman under federal probe NYT THE board of Computer Associates International's will meet as early as today to consider the fate of Sanjay Kumar, its chairman and chief executive, according to people who have
      NYT  -  540 words
    • 383 15 OAK BROOK, Illinois He was credited with revitalising the fast-food giant AP JIM Cantalupo, the chairman and CEO of McDonald's Corp, who revitalised the fast-food giant over the past year and brought in new, healthier menu options, died yesterday. He was 60. Mr Cantalupo
      AP  -  383 words

  • 5076 14 Transaction date: Apr 19 HONG KONG Vol HK Exchanges Clearing.. 16.30 0 05 1920 HKS '000 HKRInt'l 2.70 0 03 1078 H K and China Gas 13.30 0.28 5423 Aeon Credit 5.85 unch 38 Hong Kong Electric 33 90 unch 2301 Aeon Stores 5.75 -0.05 260 Hongkong Chinese
    5,076 words
  • 2520 14 Transaction date: Apr 19 KUALA LUMPUR gaff* 43 S KM rooo) George Kent .0.79 -0.03 146 Globetronics Tech 7.25 -0 05 471 ASM Realty 1.63 0.01 3 Gtomacghd 3.00 0 02 817 Abnc 0 69 unch 31 Gold Bridge Engrg 0.52 -0 03 617 ACP Industries. .220 -0.13 68
    2,520 words
  • 838 14 Transaction date: Apr 19 Stodmame m Oot Owy Stodi name Wt Oom Change Allgreen 50c 0.32 1.050 NOL 1.57 2.050 -0.060 BILIntlUS20c 0.38 0.755 -0.010 OCBC 877 11.900 -0.200 CapitaLand 1.21 1670 -0020 Partway H 25c 0.58 1.160 +0.050 Chart SemtCond 26c 1.35 16<0 -0.030 People's Food MK50c 0
    838 words
  • 706 14 BONDS WARRAMTS Pram Expiry TtJ Last Vol Conv Exer Disc Gaar- Mths Cod* Company Sale +oc- C000) Ratio hiw ing Left 3779 ASL Marine Hldgs W*****1 18 -0.5 20 1 53 31 3.00 48 3698 ASTIW*****1 .40.5 1 16 -2 1.42 2 3697 Acma Ltd W*****6 j0.5 1 50 573
    706 words
  • Page 14 Advertisements
    • 35 14 jHpk mhmnh A section which offers news and views, reviews and previews Til T Pi 1UI TOcTl M Pt! from the world of high tech, the Internet IlLDUulii LOu I lAlI^o H the hh I
      35 words

  • 6684 15 Transaction date: Apr 19 52-Wk Tal Lad Vol Day La*t Quota GrfNv Wv GrVM Nat MCap Htfi Law Coda Company Sate (*000) High low ton* Saltar Cvr Wt Sm> 57.9 32.9 5834 A-SoniC 44cd unch 284 44 43.5 43.5 44 5 N9.7 0.6 15.6 149 8 5300 ABNAmroNLG
    6,684 words
  • 73 15 52-Wk Tat Lot Vol Day LaftQuett GrtMv Mv GrVM Nat MCap High low Code Company Salo COQO) HWi Loo ttiyar Salter On M Smll 2060 2000 6065 Diamonds US2060 2120 ***** 6095 IS DJ US Tettl US3740 6097 IS MSCI Spore US5SS 6101 ISS4PS00 US8270 ***** 9650 6170
    73 words
  • 2045 15 52-Mfk Tel Last Vol Day last Quote GrDIv Mv GrYld Nat MCap High loo Coda Company Sala COCO) Htflh low Buyer Sailor tt Cvr K Wl 26 7.S 5000 ABR Hldgs St 16 15.5 17 30.9 42 1 5 2101 APOil ScV 31.5cd -1 180 32.5 31.5 31.5
    2,045 words
  • 347 15 52-Wk let Lot Vol Day LaftQuote GrOtv Wv GrYM Net MCap Htfi Low Code Company Sale W- (•QUO) High low »urer Seller Cvr tt WE Sm» 228 107 6000 AVJennings A25C A213 +3 68 213 211 213 214 40 88 4.7 8.1 4584 6001 Cathay Pac 20c MK720
    347 words

  • Page 16 Advertisements
    • 406 16 A guide to the on demand world: Bridging the gap. Have you noticed that on demand businesses are now very much in demand businesses? r* 4,. 4 r Here's how to join them. The gulf between businesses and successful businesses isn't as wide as it seems. The gap can be
      406 words

  • SHIPPING TIMES
    • 292 17  -  By Beth Jinks [SINGAPORE] Neptune Orient Lines' (NOL) container line APL says it will launch one of the fastest direct services between China and Australia next month to capitalise on "flourishing" two-way trade. The weekly AustraliaChina Express (ACX) service will connect
      292 words
    • US team to evaluate ISPS readiness at foreign ports
      • 415 17  - US Coast Guard warns new security regime could cause port delays By Donald Urquhart [SINGAPORE] The US Coast Guard will soon send personnel to foreign ports in order to evaluate their compliance with the ISPS Code, reviving fears that the new global maritime security rules will be applied unequally around
        415 words
    • 294 17 SGX '000 Apt 19 SS *1- Vol CH Offshore 0.42 -0.01 1946 ChuanHup 0.54 -0.01 372 Cosco Investment 1.14 0.03 ***** CWT Distribution 0.54 unch 45 Ezra Hldgs 1.11 -0.02 557 Freight Links 0.12 unch 253 GB Holdings 0.73 unch 363 Jaya Holdings 0.89 -0.01 3981 K1 Venture
      294 words
    • 121 17 Bloomberg [KUALA LUMPUR] Mohd Ali Yasin, managing director of Malaysia International Shipping Corp, one of the world's top three carriers of liquefied natural gas, died of a heart attack at the age of 60, the company said. Sheffield Polytechnic-ed-ucated Mohd Ali died
      Bloomberg  -  121 words
    • 455 17 Business in first quarter stable: CEO Behrendt [HAMBURG] Hapag-Lloyd, the logistics unit of TUI, said sales this year will decline as the company sheds subsidiaries to focus on its main container shipping business in preparation for an initial public offering in the second
      455 words
    • Article, Illustration
      386 17  -  PEOPLE by BETH JINKS. SINGAPORE container shipping line APL has reshuffled three of its country managers. Former APL Cambodia country manager Waldo Basilla (right) has taken over as managing director of its Bangladesh operations, replacing Aziz Toha, who has taken up the role of managing director of APL's
      386 words
    • 231 17 Infrastructure may not be capable of ha nil ling rising trade with Asia Reuters [SAN FRANCISCO] California needs to expand its seaports, airports and other shipping infrastructure to avoid missing much of an expected boom in international trade with Asia, according to a
      Reuters  -  231 words
    • 178 17 Bloomberg [SEOUL] Samsung Heavy Industries Co, the world's thirdlargest shipbuilder, won orders valued at a US$9OO million combined from three companies for 10 liquefied natural gas carriers, container vessels and oil tankers. Samsung Heavy will build two 145,000-ton LNG vessels for Malaysia International Shipping
      Bloomberg  -  178 words
    • SINGAPORE news
      • 443 18 New insurance law could bar almost all North Korean ships from Japan ports AFP [TOKYO] Japan has tightened a marine pollution insurance law in a move which could see almost all North Korean ships barred from its ports, adding to recent legislation aimed at pressuring the
        AFP  -  443 words
      • 309 18 Reuters [SYDNEY] Greenpeace protesters used magnets to attach themselves to a cargo ship in Australia yesterday and painted the words 'Stop GE imports' on the hull as part of a campaign against genetically engineered food. Greenpeace activists dressed as chickens and holding banners
        Reuters; REUTERS  -  309 words
      • 199 18 AP [WASHINGTON] US Federal regulators have approved technological enhancements allowing more thorough checks of sealed cargo containers, part of the effort to prevent terrorists from using US Ports to smuggle explosives or chemical weapons. More than seven million tractor-trailer-size containers from overseas are
        AP  -  199 words
    • 115 18 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 Indotrans
      115 words
    • 7402 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyege Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number ■■■■■■■■■■MMnMHMHMMRMaillNMnNMMnMIMMMnHHHHMnnMHi > t 06/05 19/05 HamburgSud CAPCOLVILLE 001W 65-*****133 To ABIDJAN (ABJ) 2003 Cot* D'lvolr* W/05 26/05 Delmas IZUMO 004W 65-*****344 01/05
      7,402 words
    • SHIPS IN PORT
      • 480 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL MLC 3302 MLC402 J4 A/SIDE 20/04 0630 PUTRIMANDAH1 11/04J J3 A/SIDE 20/04 0630 SHAN FURYU 10/04 J13 A/SIDE 20/04 1000 WINSTAR 7 19D4W J2 A/SIDE 20/*****0 BAYSWATER228 E4100 J3 20/04 1830 21/04 0230 BHS 188 TP1633 J14/15 20/04 1200
        480 words
      • 1822 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr Ag HIBISCUS 091S 091S 1 20/04/2004-08:00 20/04/2004-18:00 T04 ACX MAGNOLIA 076N 076N 1 20/04/2004-08:00 20/04/2004-16:30 T01 ACXSAKURA 029N 029N 1 22/04/2004-23:59 23/04/2004-12:00 AKSOV TRUVA 0405 0404 1 20/04/2004-13:00 20/04/2004-17:00 K22
        1,822 words
      • 141 23 Apr 26 Italy: Liberation Day. NZ: Anzac Day. Apr 26 Australia: Anzac Day. Apr 29 Japan: Greenery Day. Apr 30 Vietnam: Victoria Day. May 1 Belgium: Labour Day. China: Labour Day. France: Labour Day. Germany: Labour Day. HK: Labour Day. Italy: Labour Day. Norway: Labour Day. Philippines: Labour
        141 words
      • 613 23 Carbon 180 Max 989.7 0.3 W.9 0.05 36 0.04 Apr IS Density Water Residua AshAlumlnlum Sediment No above E2S 0 0 0 0 0 0 380 Ave 985.9 0.3 13.5 0.05 26 0.02 Exxon 380 Max 994.4 0.7 17.8 0.08 64 0.05 K6/M*3 v/v m/m m/m
        613 words
      • 835 23 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
        835 words
    • AIR & LAND transport
      • 511 24 Chen's re-election dashes hopes of direct connections with mainland Reuters [TAIPEI] Taiwan's airlines and shippers are seeking new ways to grow their business after the election victory of incumbent President Chen Shui-bian dashed hopes of direct links with rival China and sent share prices
        Reuters; FILE PHOTO  -  511 words
      • 255 24 Move follows opposition from unions, Dutch govt Reuters [AMSTERDAM] Dutch carrier KLM, which has agreed to be taken over by Air France, yesterday said it would not give its top executives bonuses linked to cutting costs after the merger, a plan that
        Reuters  -  255 words
      • 976 24 Soaring fuel costs, intense competition and lingering financial worries could lead to poor quarterly results for major carriers NYT [NEW YORK] THE US airline industry is beginning to see what was supposed to be a promising year slip away, because of rising fuel
        NYT; BLOOMBERG FILE PHOTO  -  976 words
      • 261 24 Load factor up to 70.7% as economy improves; cargo traffic rises 19% Bloomberg [VIENNA] Austrian Airlines Group, owner of Austria's largest carrier, said passenger traffic rose 24 per cent in March after the company lowered fares to attract travellers, economic growth
        Bloomberg  -  261 words
      • 192 24 AFP [DUBAI] Emirates Airlines, Dubai's flagship carrier, announced on Sunday it will launch its first non-stop service to New York in June. The airline, which earlier this month launched direct flights to Shanghai and Glasgow, will operate its luxury long-haul A 340-500 daily to
        AFP  -  192 words
      • 2078 24 CRT FLIGHT ETA FLIGHT ETC MM* U73K 2215 *M« 1345 0F82 2215 LH9762 0630 S0326 1345 LH9770 2300 5025 0630 BA7305 2255 S0229 2300 LH778 1555 LX4381 2255 >HMi $023 0605 6*974 0130 !5" KL837 ,450 KL838 2255 53 X Tn $0325 1620 S***** 2305 awT
        2,078 words
  • Page 17 Advertisements
    • 36 17 Japan tightens Mil I Ir marine pollution UpSj|W rules-page 2 «»s Taiwan carriers \j 1 see k new China links BACK PAGE Tough summer ahead KLMnotto p<jv for US airline industry ecs BACK PAGE BACK PAGE
      36 words

  • Page 18 Advertisements
    • 681 18 I IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND in tftm niu iTTt y ffYirnrrm 1 I AUSTRALIA ASIA EXPRESS (AAX) 1®? *!J! J!!L vessel voy ine syd mel aw fre rsISTI kg sr Z z Z nr-i55-«5-isiTi^r irK iurjuc rv.Dtc. ruwi* ,i/fti m/m 11/« PiO NEDUOYDBRISBANE 76N WHIT lf/04 11/04 23/04
      681 words
    • 520 18 Lines services represented by Members of tfie Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association |g LILY UNE MALE VOY ETA ETA ETA P.KLANC SPORE MALE China Star 016W 23/04 03/05 Kota Tegap TGAO62 26/04 06/05 Princess Lily 0304 30/04 12/05 mmmmm ULY MARINE
      520 words

  • Page 19 Advertisements
    • 692 19 MOL Combines a range of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also accept Intro Asia Cargoes to: For Schedules, BL Searches, and Container Tracking, click on our Home Page: www.molsin.com.sq THEBihnmTBIB< TO ADVERTISE, CALL JOE WONG AT 6319
      692 words
    • 1510 19 GENERAL AGENTS IN SINGAPORE. 16 RAFFLES QUAY #36-01 SALES/BKGS TEL *****857/43 FAX: 6238 5321/24 COSTAR SHIPPING PTE LTD HONG LEONG BUILDING OUTWARD(B/L) 6420 5*02 5325/75 CRNO. **********0 M SINGAPORE *****1 t%s£ *****3 !2 TEL 6226 1900 (MAIN) T/SHIP DEP 6420 5825 6238 5316/46 JOHOR'S OFFICE: itL o//o ITUU lmainj CONVENTIONAL
      1,510 words

  • Page 20 Advertisements
    • 680 20 V4SV I m Mk ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: (MmaaMalmai.com.sg Vf UC LIYIMw DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 wat nrwmftff« rju container savia to wist a«ka mtoK |*K«i VOT 1 SINGAPORE PORTKELANO U HAVRE DAKAR lANJUL CONAKRY rtyurvloi General 350W 2t/04 27/04 12/05 24/05 30/05 01/W Hvundoi Independenw 320W 03/05 04/05
      680 words
    • 892 20 W\WAN HAI LINES V" Tel: (22f 15M Fix: (*****53 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: EUROPE ROTTERDAM HAMBURG ANTWERP 'US I CALLING SIN EVERY Saturday MAIDEN VOYAGE: KOTA GANTENG 029W ETA SIN: 01 MAY 2004 For more details, call HOTLINE: 6226 1588/ j 1800-*****00 I j y NOftTRANS SHIPPING AGENCIES
      892 words
    • 592 20 BSA x 0 MYANMA n FIVE STAR LINE (Myonmar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 328W SLD HPA-AN 320W SID SLD IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL: 03-*****300 PKL 03-*****101 PEN: 04-*****02 MMA ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKL KUC FUTURE
      592 words

  • Page 21 Advertisements
    • 1446 21 VESSEL VOY SIN PKI DXB BAB DMM BIK CHABAHAR IKHORRAMSHAHBI IRAN KERMAN PCI 365 24/04 SKIP 02/05 03/05 09/05 11/05 13/05] 15/05 IRAN SHAHRYAR PCL 8032 30/04 01/05 09/05 10/05 17/05 19/05 21/05 23/05 IRAN SATTARI PCLBO3I 07/05 08/05 17/05 18/05 25/05 27/05] 29/05 31/05 IRAN TEHRAN PCL36B 15/05 16/05
      1,446 words
    • 643 21 i VSI UK CONTINENT SERVICE Loading for GLORIUS RTM/ATW/BMN/UK/NAN ATERMON RTM/ATW/BMN/UK/NAN Loads Singapore, E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DEJ l/ABU/DO H/BRN/DMM/KWT VTC STAR DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/JDH/AQA •Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for NENA M CAM/NOL/NFK/SAV YONG AN 4 CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL 'Loads
      643 words
    • 703 21 -Mill vor SIN PGU VESSEL m 33 IKI P*c MMDA lmn 21/04 22/04 ALAMJAYA 2 MJJ 2iM TLISA PACIANDA 1193W 22/04 23/04 PAC UNTAN 5245 IktM 2Sfi4 PACIANDA H94N 24/04 2S/04 MATABAM EEP Ml WM 3Q/M PA( lANDA 119SN 76/04 26/04~ PAC BINTAN 9246 03/05 05/05_ pacbanda HON 27/04 K/M
      703 words


  • Page 23 Miscellaneous
    • 125 23 FOR 7AM 20 Apr 2004 B3B§jjfc L^N*>w Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols 'v 7 Showers O Full circle w/o line indicates calm or light and variable winds R a i n —-One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots
      125 words