The Business Times, 27 April 2004

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Total Pages: 24
1 24 The Business Times
  • 13 1 THE BUSINESS TIMES >*tffrfop)ioe£o3£eo4 Internet: http://business-times.asial .com.sg SINGAPORE TUESDAY, APRIL 27, 2004 850
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  • 514 1  -  Offer to bank's shareholders means Wee Cho Taw will still control both By Angela Tan [SINGAPORE] In a master stroke, United Overseas Bank chairman Wee Cho Yaw has come up with a plan to satisfy the Monetary Authority of Singapore by
    *Assuming full take up. Includes Wee's allotment  -  514 words
  • 672 1  -  HAS explains why DPM Lee is also its chairman in reply to IMF concerns By Siow Li Sen [SINGAPORE] In the first health check on Singapore's financial system, the International Monetary Fund has affirmed its robustness and gave top marks for
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  • 81 1 [NEW YORK] Estee Lauder, who took a family recipe for skin cream and a passion for female beauty and turned them into a US$5 billion cosmetics empire, died on Saturday at her home in Manhattan. A company spokeswoman said Ms Lauder was 97and died of cardiopulmonary failure,
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  • 77 1 STI 1,849.38 (-18.26) ST INDEX FUTURES 1,860.00 (-5.00) SIMSCI 224.41 (-2.40) SIMSCI FUTURES 224.80 (-1.80) Monday Change KLSECOMP 870.12 -5.3# NIKKEI 225 12,163.89 +43.23 HANG SENG 12.132.fiM -251.20 SET INDEX 667.61 -14.27 JAKARTA (OMR .__811.75 -3.70 MANILA COMP —*****0 -17.50 TAIPEI WPI 6,710.70 -37.40 SEOUL COMP -919.74 -16.32 SHENZHEN
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  • 74 1 FOREX RATES US* 8$ 1"S$(SS|KTUSS) l.HHH £(|:SS/SS per V)... 1.776 &0I9 ElROllSS/SS/F.) 1181 2.007 YKN 109.1 6420 KM 3.800 2.2M (IKS 7799 4.590 BAHT 39.65 2333 RUPIAH H,li24 5,074 RENMINBI 8.299 488:J INDIAN RLPKE_ 44 18 2599 A$ 1.368 0.805 NZ$ 1.597 0.940 PRIME RATES SINGAPORE JSb25 MALAYSIA fl.UO
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  • 856 1  -  TXU assets will make it a major energy player there By Tang Weng Fai [SINGAPORE] Singapore Power (SP) yesterday launched itself as a major energy play in Australia's second-most populous state of Victoria with its largest acquisition to date a staggering Ass.l
    856 words
  • Page 1 Advertisements
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  • NEXT page
    • 593 2  -  Rear-Admiral Teo notes limited progress made to protect Malacca, S'pore straits By Donald Urquhart [SINGAPORE] Calling for a multilateral approach to security in the economically vital Malacca and Singapore Straits, Singapore's defence minister said security in the waterways is the
      AP  -  593 words
    • 876 2  -  Report also urges rating? for second tier companies By Taila Krishnakumar [SINGAPORE] Singapore's bond market is being hampered by CPF policy and limited use of credit ratings, says the International Monetary Fund. A report issued under the IMF's Financial Sector Assessment Programme (FSAP)
      876 words
    • 654 2  -  While economists see slower Q1 GDP growth, they say recovery is intact By Chen Huifen [SINGAPORE] Much to the disappointment of many economists, Singapore's manufacturing output in March inched up only 2 per cent from the year-ago period, and is likely to
      654 words
  • Page 2 Advertisements
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  • SINGAPORE companies
    • 394 3 Source says UOB won't have to pay premium for control Reuters UNITED Overseas Bank has agreed to pay 5.20 baht a share or about US$54O million for ABN Amro's 80.77 per cent stake in Thailand's Bank of Asia, people familiar with the
      Reuters  -  394 words
    • 291 3  -  SM Lee recently cited him as role model for cutting PSA's costs By Chen Huifen SINGAPORE Airlines has announced the appointment of PSA Corp chairman Stephen Lee as a director with effect from yesterday. Mr Lee, who has been chairman of PSA Corp
      FILE PHOTO  -  291 words
    • 730 3  -  HOCK lock siew siow li sen UNITED Overseas Bank has finally stepped up to the plate with its bid for ABN Amro's Bank of Asia. Or did it? The Singapore bank is reported to have agreed to pay 5.20 baht
      730 words
    • 209 4  -  By Uma Shankari COMPUTER components distributor Powermatic Data Systems Limited reported a net loss of $3.4 million for the year ended Feb 29, 2004, up 7 per cent from $3.2 million the previous year. Group turnover also fell 6 per cent to
      209 words
    • 400 4  -  It posts 37% rise in earnings to $30m, 30% of which comes from abroad By Andrea Tan KEPPEL Land, which has been steadily building up its overseas foundation, saw its net profit jump 37.4 per cent to $29.6 million for the first quarter as its
      400 words
    • 260 4 MAINBOARD-LISTED Asia Environment Holdings, which is involved in water and wastewater treatment in mainland China, has signed a framework agreement with the Nantong city government to construct its first Build-Operate-Trans-fer (BOT) water plant. When completed, the project in Jiangsu Province will provide water
      260 words
    • 338 4 Reuters CHIP tester ST Assembly Test Services (Stats) is seen posting a quarterly profit from a year-ago loss on Thursday, and earnings will probably be flat to higher from the previous quarter, amid strong demand for mobile phones. Analysts expect Stats to enjoy
      Reuters  -  338 words
    • 286 4 Higher material prices, intense competition blamed UNITED Food Holdings yesterday said it is cautiously optimistic about its performance this year after reporting a 42 per cent drop in Ql net earnings to 71.74 million yuan (5514.6 million), as a result of an 18 per
      286 words
    • COMPANY Briefs
      • 82 4 RAFFLES Holdings will go ex-rights on May 12 in relation to its capital distribution. The books closure date for determining entitlement to the capital distribution will be May 14. Under the capital distribution, shareholders will receive 18 dents for each Raffles share and this
        82 words
      • 66 4 CHINA Enersave yesterday announced the resignation of non-executive directors Ambrose Chan Heng Fai and Tony Chan Tong Wan with immediate effect. Both men were due for re-election as directors of the company at this Friday's annual general meeting. As they have both resigned, the motions
        66 words
      • 67 4 TAT Hong Holdings has been extended three-year transferable term-loan facilities of Ssls million and US$5 million. Proceeds will be used to finance Tat Hong's new projects, its working capital and to refinance its existing bank borrowings. The facilities are guaranteed by three subsidiaries of the
        67 words
      • 105 4 Bloomberg NEPTUNE Orient Lines (NOL) said its average cargo rates rose 11 per cent in the four weeks to April 2 from a year earlier. The rate for a 40-foot container rose to US$2,528, compared with US$2,282 a year earlier, the company said. It
        Bloomberg  -  105 words
      • 73 4 SESDAQ-LISTED Technics Group Holdings, a specialist engineering service company supporting the offshore oil and gas industry, has clinched an engineering, procurement, construction and commissioning contract worth about $3.1 million from Malaysia. The project, which involves the supply of two gas lift compressors, is expected to
        73 words
      • 76 4 SEMBCORP Logistics (SembLog) yesterday announced the setting up of its North Asia regional office. SembCorp Logistics (Shanghai) Co Ltd (SembLog Shanghai), a wholly owned subsidiary, was set up in the Wai Gao Qiao Free Trade Zone (WGQFTZ) in Shanghai. It will focus on providing cross-border
        76 words
    • 379 4 Reuters COMPUTER audio equipment maker Creative Technology Ltd is expected to say on Thursday that its March quarter profits rose 67 per cent, boosted* by higher sales of its digital music players. But compared to the December quarter, JanuaryMarch earnings may plunge 72
      Reuters  -  379 words
    • 280 5  -  Changes in top-level management at Sesdaq-listed firm By Vince Chong SOLID-WASTE recycler Ecowise Holdings has shuffled its top management and says it is set on developing fresh business under new chief executive Irawan Darsono. The Indonesian businessman and Ecowise executive director was yesterday
      280 words
    • 229 5 MAINBOARD-LISTED YHI International said it has set up a subsidiary in Japan through its wholly owned subsidiary, YHI Manufacturing (Singapore) Pte Ltd, to distribute imported and Japanese-made after-mar-ket alloy wheels, automotive parts, and accessories. YHI, an established seller of automotive and
      229 words
    • 312 5  -  It plans to have 10b yuan invested in more cities in the next 3-5 years By Andrea Tan PROPERTY giant CapitaLand said it plans to double its investments in China to 10 billion yuan (552.04 billion) in three to five years. The group has
      312 words
    • 259 5  -  By Teh Shi Ning INTERRA Resources yesterday said it has bought 70 per cent of PT Retco Prima Energi, including shareholder loans, for about US$7 million. Retco operates the Tanjung Miring oilfield in South Sumatra, which now produces 800 barrels of oil per
      Source: Bloomberg  -  259 words
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  • Page 5 Advertisements
    • 64 5 Trade Link Place Where Enterprise Thrives "V >, Raffias Raffles I It- i Wl| II t ciub ZsM- x. fffi """"v, m- i* Development Land for General Industries Maximum Plot Ratio 2.5 Minimum 0.7 Infrastructure-ready Close to 2nd Link, Ample Amenities Modular Plots of 10,000 sq ft onwards For Sales
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    • 756 5 Land I Keppel Land Limited I (Incorporated in the Republic of Singapore) fl[ 1. UNAUDITED RESULTS FOR THE QUARTER ENDED 31 MARCH 2004 9 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the quarter ended 31 March 2004: B GROUP B 1Q2004 1Q
      756 words

  • SINGAPORE markets
    • 684 6  -  Compiled by VEN SREENIVASAN UOB April 26 dosing: $13.50 UOB has been selected as the exclusive bidder for ABN's 80.8 per cent stake in Thailand's Bank of Asia, having signed an "exclusivity agreement to negotiate, finalise and execute the sale and purchase agreement as soon as possible'. No
      684 words
    • 289 6  -  HOT STOCK WARRANT By Ven Sreenivasan NEW Toyo International reported a 25 per cent rise in its Q1 net earnings to $3.4 million as revenue rose 46 per cent to $49.9 million. The company continues to enjoy strong growth in its key
      Source: Bloomberg  -  289 words
    • 479 6  -  BT comment STOCKS ven sreenivasan THE market already cautious amid a sell-down in bonds and ahead of a slew of key economic figures in the next few days slid yesterday morning after weekend reports that Sars has re-emerged in China, killing one person.
      Source: Bloomberg  -  479 words
    • 636 6  -  BT comment CURRENCIES Singapore dollar hurt by reports of two large upcoming overseas acquisitions larry wee THE US dollar powered its way to fresh five-month highs against the euro and Swiss franc in Asian trading yesterday before trimming gains, while the Singapore dollar lost
      Source: Reuters  -  636 words
    • TRADES TO WATCH
      • 49 6 INNOVALUES' substantial shareholder, Prudential Asset Management, has cut its stake in the precision engineering group, selling about 100,000 shares on April 16. This effectively reduced its deemed interest to 5.9 per cent from 6.03 per cent. The counter closed six cents lower at $1.35 yesterday.
        49 words
      • 46 6 Flextech Holdings chief executive Onn Sin Ching bought 88,000 Flextech shares last Friday. The purchase raised his direct interest in the electronics company to 1.84 per cent from 1.79 per cent previously. Flextech closed down 1.5 cents at 47.5 cents yesterday.
        46 words
      • 66 6  -  Compiled by TAILA KRISHNAKUMAR Schroder Investment Management Limited, a substantial shareholder of mainboard-listed Venture Corp, bought 100,000 shares in the electronics manufacturing firm last Friday. The acquisition raised its deemed stake to 6.79 per cent from 6.75 per cent. Venture Corp's net profit jumped 33
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    • Article, Illustration
      424 6 OTHER SINGAPORE INDICES Apr 26 VALUE CLOSE BT OB/OS -756.00 BT CADI -*****.00 j-225.00 BT 10-day MA -*****.00 -76.00 All-SG Equities 499.93 -5.14 SG Equities Elect 175.73 -2.69 SG Equities Fin 1490.37 -15.73 SG Equities Prop 447.86 -4.41 SIMSCI 224.41 -2.40 SiMSCI Futures 224.80 -1.80 Stocks Volume Wee Poh 0.5c
      424 words
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  • SMALLcaps
    • 1001 7  -  A new plan will put salt at the heart of efforts to lift its fortunes. WONG WEI KONG finds out more WONG WEI KONG WHAT have two salt mines in China to do with an electronics manufacturer like Singatronics? Plenty. Salt has become the centrepiece
      REUTERS  -  1,001 words
    • 407 7 2ft/Teh Hooi Ling SMALL capitalisation stocks have taken their worst drubbing in eight weeks, with the UOB Sesdaq Index falling 4.2 per cent. The last time the index saw a fall in excess of 4 per cent was the week to March 8.
      407 words
    • 4261 7 UNIT TRUSTS FUNDS Com S'pore Bond Fund/* 1.09% Credit Agricoie Asset Mgt S'pore Ltd ABM Amro Asset Mgt (S'pore) Indocam AsiaVisionl" 1.192/1.252 Star Europe Eqty!" 0.751/ DBS Asset Mgt Star Euope Bond 122/ Shenton Twm City 1 335/139 Star Euope Bal 1.05/ Japan Growth! 0.96/1 Star Asian Tiger Eqty 0.937/
      4,261 words
  • Page 7 Advertisements

  • FOCUS property
    • 1062 8 BT exclusive Redevelopment of Ardmore View, Sea View and Times House sites can yield 946 homes, CEO David Lawrence tells kalpana rashiwala MARCO Polo Developments is planning to launch three projects next year offering 940 homes as it glimpses a recovery in
      CHRIS LOH  -  1,062 words
  • Article, Illustration
    1108 8 i Transaction date: Apr 26 OTTERBAlfK CROSS RATES AS cs Rmb Euro HK$ Ind Rs Ruplah Yen Won BM WZ$ Pak Ri Peso S$ Band Sfr UTS Baht Pound US$ Australia 0.992 6.068 0.619 5.703 32.303 63.059 0.798 8.446 2.779 1.168 42.025 40.707 1.243 4.925 0.964 24.182 28.990 0.412
    1,108 words
  • Page 8 Advertisements
    • 291 8 YOUR IDEAL CORPORATE INDIVIDUAL HOLIDAY RESORT. WATER CHALETS AT PORT DICKSON. VISIT OUR SHOWROOM NOWIII Marketing Agent: Parkland Property Services Pte Ltd 470 North Bridge Road #02-08 North Bridge Commercial Complex Singapore *****5 CALL NOW!!! 9818 0372,9688 4336 [w I n I Luxury —li Residential Site .......i~. For Sale Falcon
      291 words
    • 126 8 CINTECH 111 Fitted office for lease 403 409 sqm Ground Floor frontage Subsidise rent $2 50 psf/mth neg GOLDENSHOE CARPARK Fitted office for lease 10th floor, 2178 sqft; rental at $2.20 psf/mth Central air-cond; good condition HDB HUB BIZ THREE Fitted office, 2,293 sqft Good condition 268 ORCHARD ROAD Fitted
      126 words

  • SINGAPORE news
    • 676 9  -  EYE on the economy tourism UOB Kay Hian projects rise of at least 10 per cent a year until 2010 By Chuang Peck Ming THE move to woo Chinese tourists could lift their spending here to $7.2 billion a year or 3.3 per
      676 words
    • 405 9  -  By Vince Chong THE Urban Redevelopment Authority intends to carry on listening to the public "sincerely, seriously and with an open mind" in order to better plan Singapore's growth, said its chief executive Cheong Koon Hean. In an interview with URA's in-house publication
      405 words
    • 431 9 Carrier will offer discounts to all Visa card-holders LOW-COST carrier Valuair, which will tie up with Visa International to offer discounts on its flights, said yesterday it will not be drawn into a price war with rival Air
      431 words
    • 629 9  -  Payout may well run up to $100m: project's reinsurer By Genevieve Cua THE insurance payout for damages arising from the collapse of Nicoll Highway last Wednesday is expected to cost between $45 million and $50 million in the bestcase scenario. At its
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  • EDITORIAL & opinion
    • 803 10  -  OPINION THE bottom line david mason Attracting the tourist dollar to Singapore is very much in the news these days. Of course, Singapore is not a destination in itself for most tourists and never has been. This is simply a function of
      803 words
    • 44 10 'Everybody and their uncle is out there trying to sign the next great player, and they are doing it worldwide.' Patricio Apey iAndon-based management agent, who recruits young people with soccer and tennis skills to market them as future sports stars.
      44 words
    • 599 10 EDITORIAL WHATEVER North Korean leader, Kim Jong II, discussed with his hosts in Beijing, it is clear that the stand-off with the US over his country's nuclear programme is nowhere near a resolution. After the meeting, the Chinese Foreign Ministry spokesman Kong Quan would only
      599 words
    • 933 10  -  The GEO of India's infrastructure financing agency quit rather than fund new power plants that would only bleed red ink By Andy Mukherjee Bloomberg NASSER Munjee paid a price for believing that India, even with its acute electricity shortages, didn't need new power stations until the
      Bloomberg; REUTERS  -  933 words
    • 738 10  -  COMMENTARY From Anthony Rowley in Tokyo THE way that Japan handled the crisis over three of its nationals who were taken hostage in Iraq and then released unharmed has been instructive, not only about Japanese attitudes but also about the kind of world that
      AFP  -  738 words

  • REGIONAL news
    • 452 11  -  They received nod from Bank Negara for discussions From Eddie Toh in Kuala Lumpur ANOTHER mega insurance merger is in the making to rival Singapore's OCBC, which is still trying to create the biggest insurance group in Malaysia. Allianz Aktiengesellschaft (Allianz AG) the major
      452 words
    • NOTEBook
      • 69 11 Bloomberg [MUMBAI] State Bank of India, which accounts for a fourth of bank loans and a fifth of deposits in India, said it plans to buy a bank in the US to expand business overseas. The Mumbai-based lender is examining the finances of
        Bloomberg  -  69 words
      • 65 11 Reuters [BANGKOK] The Thai government said yesterday a plan to sell off a stake in state-owned firm EGAT in the country's largest initial public offering would go ahead despite the company's new board of directors opposing the sale. "(We) will definitely not scrap
        Reuters  -  65 words
      • 60 11 Bloomberg [HONG KONG] China said it won't allow Hong Kong citizens to elect their chief executive and gave no concessions to activists on making legislative elections more democratic. The Standing Committee of the National People's Congress, China's parliament, ruled out universal suffrage to pick
        Bloomberg  -  60 words
    • 200 11 MANILA AFP, AT CHINA'S latest Sars outbreak is not yet a serious threat to public health but the disease may have spread widely through the country's rail network, the World Health Organisation (WHO) said yesterday. The WHO is concerned that the outbreak
      AFP,; AT  -  200 words
    • 398 11  -  Prudential unit declared bankrupt for owing US$400,000 From Shoeb Kagda in Jakarta INDONESIA'S battered international image has suffered another body blow, with a court declaring the local arm of insurance giant Prudential bankrupt again highlighting the country's uncertain legal climate. Prudential said the
      REUTERS  -  398 words
    • 269 11 KUALA LUMPUR AFP MALAYSIA'S RM4.5 billion (Ss2 billion) Bakun dam will proceed as planned, a senior minister said yesterday, dismissing speculation that the government is considering pulling out of the controversial project. "We will continue with the Bakun dam but certain things need
      AFP  -  269 words
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  • REGION world
    • 490 12 SAN FRANCISCO Valley watchers say it's not a return to dotcom bubble NYT FROM everyman investors to technology executives, the denizens of Silicon Valley are expressing strong, but sharply mixed, reactions to reports that the long-anticipated Google public offering may be
      NYT  -  490 words
    • 190 12 NEW YORK Reuters INTERNET search company Google Inc has moved one step closer to its eagerly awaited initial public offering, choosing Morgan Stanley and Credit Suisse First Boston to be lead underwriters, the Wall Street Journal said yesterday. The IPO, widely expected to
      Reuters  -  190 words
    • 462 12 NEW YORK But no decision made yet and it may leave offer open indefinitely: sources COMCAST is weighing up whether to withdraw its US$5B billion hostile bid for Walt Disney as the US cable company's hopes of forcing the embattled media group to
      462 words
    • 538 12 NEW DELHI Ruling coalition could be returned with smaller majority Bloomberg THE third day of general election got underway yesterday with at least 172 million Indians eligible to vote, and exit polls indicating Prime Minister Atal Bihari Vajpayee's alliance is facing a
      Bloomberg; REUTERS  -  538 words
  • Page 12 Advertisements
    • 67 12 Nominations for the 2004 eSO.startup awards are now open Recognising Singapore's New Enterprises To be eligible, a company IMWWjl>il. lillll] •be a privately-held enterprise un der 5 years old (from date of incorporation) 200 4- have a strong nexus to Singapore have at least 1 year of audited financial results
      67 words
    • 172 12 Call toll-free 1800 289 8822 LINBERT TRAVEL BESTWAY DEPARTMENT EXCHANGE STORE PTE LTD PTE LTD (IN LIQUIDATION) (IN LIQUIDATION) RETAIL P.Q.S. SYSTFM SPY Reservation System The Liquidator offers for sale The Liquidator offers for sale, the core assets of the above an efficient Point of sale company comprising the source
      172 words
    • 204 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF IXX"ASA FURNISHING PTE I.TD (In Creditors' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section .308 of the Companies Act. Cap SO that a final Meeting of the Member. and Creditors
      204 words
    • 26 12 k Lianhe Zaobao a 11| Chinese I I banks I I if unlikely I Uho raise I interest I I rates I I this year I
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  • WORLD news
    • 678 13 PARIS Merger with Sanofi-Synthelabo will create world's No 3 drug company Reuters FRANCO-GERMAN Aventis has accepted an improved stock-and-cash bid worth around 54 billion euros (Sslo9 billion) from San-ofi-Synthelabo in a move creating the world's thirdlargest drug company. The deal, confirmed by both
      Reuters  -  678 words
    • 417 13 LATEST US DATA Bloomberg [WASHINGTON] US sales of new homes rocketed to a record 1.228 million annual rate in March, exceeding forecasts, as cheap financing and an improving job market persuaded Americans to invest in real estate. Single-family home sales rose
      Bloomberg  -  417 words
    • WORLDWatch
      • 97 13 AFP [TOKYO] Japan's Nissan Motor posted a record net profit 0f503.7 billion yen (Ss7.B billion) in the year to March, driven by strong global vehicle sales, the company said yesterday. Net profit at the Renault-controlled company rose 1.7 per cent from a year earlier
        AFP  -  97 words
      • 60 13 AP [TOKYO] Rolf Eckrodt yesterday resigned as chief executive and president of Mitsubishi Motors Corp after DaimlerChrysler announced last week it will not offer more money to finance the struggling Japanese partner's turnaround. Mitsubishi Motors said a replacement will be chosen soon, but Keiichiro Hashimoto, its
        AP  -  60 words
      • 59 13 Reuters [FRANKFURT] DaimlerChrysler yesterday said media reports that its chief executive Juergen Schrempp might have to resign were "nonsense". Daimler's supervisory board is expected to meet in New York on Thursday. The board will discuss Daimler's Asian strategy and the future of the
        Reuters  -  59 words
      • 58 13 AFP [LONDON] Billionaire American businessman Malcolm Glazer has increased his stake in Manchester United but made no mention of a possible takeover bid for the club, his investment company said yesterday. Mr Glazer increased his stake in Manchester United to 18.25 per cent from 16.69
        AFP  -  58 words
    • 360 13 SEOUL Reuters HANA Bank, South Korea's fourth-largest lender, is likely to sell a 10 per cent stake in the second half to raise cash, a source at the bank said yesterday. "We haven't decided yet to whom we will sell the shares,"
      Reuters  -  360 words
    • 577 15 LOS ANGELES Board scrutinises top execs' strengths and weaknesses NYT THERE will be no camera crews, spin doctors or noisy dissenters converging on Disneyland when the board of the Walt Disney Co convenes this week for its first get-together since last month's investor revolt at
      NYT; Photos: AP, Reuters  -  577 words
    • 483 16 Armed with only a flawless skin and an ancle's face-cream formula, Lander built a global giant LAT-WP [LOS ANGELES] Estee Lauder, founder of the international beauty empire that bears her name, and undisputed queen of America's prestige cosmetics industry who pioneered concepts such
      LAT-WP; Photos: REUTERS, AFP  -  483 words
    • 279 16 WASHINGTON Wiping out poverty will prevent conflicts, he says Reuters THERE is a "ludicrous" gap between the billions of dollars of global military spending and the sum spent on trying to reduce world poverty, World Bank president James Wolfensohn
      Reuters  -  279 words
    • 255 16 NEW YORK WITH legendary investor Warren Buffett turning 74 in August, the question of who may take his place as head of Berkshire Hathaway Inc is looming, Barron's magazine said in its latest edition. The question arises as Berkshire shareholders prepare to convene on
      BLOOMBERG; Reuters  -  255 words
  • 1638 13 5IC0M FUTURES Apr 21 RUBBER futures (Closing prices) RSS1 (Scents/kg) Close VotaMM Open Month High Low Sett (tonnes) Interest May 04 ***** Jun 04 230.25 Jul 04 232.00 Aug 04 232.50 Sep 04 232.00 Oct/Dec 04 232.50 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tomes) Interest
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  • 5048 14 i Transaction date: Apr 26 HONG KONG Vol HK Exchanges S Clearing 15 90 0 20 8121 MM '000 HKR Int'l 2.58 0 18 2532 Hong Kong Electric 34.00 0 50 925 Aeon Credit 5.75 -0.10 18 Hongkong Chinese 103 -0 02 738 Aeon Stores 5 80 0
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  • 2475 14 Transaction date: Apr 26 KUALA LUMPUR General Soil 1.26 unch 0 y 0 Genting 17.20 -0.30 363 RM *1- room George Kent 0.82 unch 11 Globetronics Tech 0.66 unch 0 A a M Realty 1.56 -0.04 1 gomacBhd.. 2 90 -0.04 389 Abric 0.71 unch 18 Gold Bridge Engrg
    2,475 words
  • 865 14 Transaction date: Apr 26 Stodi bwm WW dw Change Stodmaww W> Ooae Change Allgreen 50c 0.31 1.040 -0.010 NOt 1.64 2.150 -0.030 Bit Intl US20c 037 0.740 -0005 OCBC 8.83 12.000 CapitaLand 1.17 1.620 -0.030 ParicwayH25c 0.S9 1.170 -0.020 Chart SemiCond 26c 1.37 1 670 -0.010 People s Food
    865 words
  • 692 14 BONDS WARRANTS Prctn Expiry Tel List Vol Com Eur Disc Gear Mths Code Company Sale ('000) Ratio Price mg left 3779 ASL Marine Hldgs W*****1 18 1 53 37 2.89 48 3698 ASTIW*****1 .40 1 16 2 1.38 2 3697 Acma Ltd W*****6 0.5 1 50 573 15.00 7 3602
    692 words
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  • 6801 15 Transaction date: Apr 26 52-Wk Td Last Vol Day LactQuote Gfttv 0|v GrYld Net MCap High law Code Company Salo C000) Low Buyer SaNr S Cir M hull 57.9 32.9 5834 A-Sonic' 41cd -0.5 287 41.5 40.5 41 41.5 5 N9.7 0.6 14.5 138.8 8 5300 ABNAmroNLG 56c
    6,801 words
  • 64 15 UWk Td us Vol On UrtQMM GrtW 0t» GrVM MM MCap W#> t— CX« Ciimpn +h (mm HMi 1— N» Wte S Cw X HIO WOO e» Option* UHOtO 2120 >0200 «rn fSDJUS»«h tJBNO 60T SMSOSpn USS5S Oft 6SV9M USBZ7D "200 ««l# W0*«. UiMJOO IW0 1JM 62R StlETFlOO
    64 words
  • 1898 15 52-Wk T*f 1st V4 0«* MQnM Srf»» W* GrtM MM MUe CiHnw W COW W* I— Iwr S«w Cw W W IS SOW AMHMgtSc IS -1 87 15 IS 15 It 289 42 15 2101 AKWfc 305cd OS !1 SJ 9S S 5 *81 0J 11.8 S.I 465
    1,898 words
  • 330 15 Q.« T* LM M taT UHQMi CrtMv Ot* GrtW MM *Cm> t— Co* Cp—«r Ut» w r«WD M#l t— —yr i*m Or Wt 22B 112 6000 AVMwgkMSt AJ07 5 217 2*2 206 206 208 88 78 »T>5 «frl C*)uh r# Xk MIC720 MS 21 74 6 UM*J «m
    330 words
  • Page 15 Miscellaneous
    • 234 15 CRYPTIC CROSSWORD I Trent 28 Letter written in quarters jng beds (4) panse of water (4) copy retained (8) 7 End with a bit of fish and a 27 Judicious manner (4) 29 d eren 0k 10 drink (6) YESTERDAY'S SOLUTION 30 Carried out, plastered (8) 8 when naariy made
      234 words

  • Page 16 Advertisements
    • 96 16 Jh^ We# j^ Mtf Hfll The world thirsts for "A" over "8". Does your banker know why? I I The unique blend of oolong tea leaves, mint and camomile in Iced Tea "A" makes I I for a soothing and refreshing beverage whilst" B" is the result of processed tea
      96 words

  • SHIPPING TIMES
    • 520 17  -  TSA's attitude a hurdle in talks to discuss handling charges, says FASC By Donald Urquhart [SINGAPORE] The Federation of Asean Shippers' Councils (FASC) has rebuked m£gor container carriers for their "high-handed attitude" and the 11th hour pull-out from a key meeting it
      AP  -  520 words
    • 313 17 SGX '000 Apr 26 S$ W- Vol CH Offshore 038 -0.01 2808 ChuanHup 0.53 -0.01 692 Cosco Investment 0.85 -0.01 6496 CWT Distribution 0 54 unch 0 Ezra Hldgs 103 -0.04 531 Freight Links .0.12 unch 236 GB Holdings .0 74 0 03 112 Jaya Holdings 080 -0
      313 words
    • 428 17 Study says it also has to speed up modernisation by 5-10 years Reuters [WASHINGTON] An ongoing overhaul of the US Coast Guard (USCG) provides only half of the ships and twothirds of the aircraft it needs to protect the 152,000 km of
      Reuters  -  428 words
    • 110 17 Reuters [SEOUL] South Korea's Samsung Heavy Industries, the world's third-largest shipbuilder, said yesterday it was trying to seal a US$62O million order to build liquefied natural gas ships for Britain's BG Group. "The deal is in progress but has not been finalised
      Reuters  -  110 words
    • 217 17  -  By Beth Jinks [SINGAPORE] Singapore logistics company YCH Group has opened a distripark in the Tianjin free-trade zone in north-east China to support its supply chain management contract with communications major Motorola. The $15 million, 3.3 hectare facility is Tianjin's largest,
      217 words
    • 399 17 First port call after Tokyo move to bar N Korean ships AP [TOKYO] A North Korean ferry arrived at a Japanese port yesterday, its first visit since Prime Minister Junichiro Koizumi's ruling bloc submitted legislation to Parliament allowing Tokyo to bar North
      AP  -  399 words
    • SHIPPING news
      • 795 18 Iraq development may also reignite calls for alternative oil export routes from Gulf AFP Bloomberg [KUWAIT CITY] Already high crude prices and freight and shipping insurance rates will rise further following suicide boat attacks that halted Iraqi exports from the south and
        AFP; Bloomberg  -  795 words
    • 114 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
      114 words
    • 6867 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 08/05 01/06 Senator L HANJIN HELSINKI HNHL 65-*****750 TO ABIDJAN (ABJ) 2003 Cot* D'lVOlre W/05 31/05 Senator L HANJIN ROME HJRM 65-*****750
      6,867 words
    • SHIPS IN POET
      • 539 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CECMORN 014 J7 A/SIDE 27/04 0700 CHINA STAR 016W J18/19 A/SIDE 27/04 0600 MERCS SAJIND 02/04 J6 A/SIDE 27/04 0600 UNIONSTAR 47 01/04J J3 A/SIDE 27/04 0800 WINSTAR 7 26D4WR J2 A/SIDE 27/04 0300 AMORINN ***** J6 27/04 0900
        539 words
      • 1780 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing (Jn- Berth Name Voy Voy seq berthing Nmbr ACX DAHLIA 075S 075S 1 27/04/2004-07:00 27/04/2004-19:00 T01 ACX HIBISCUS 091N 091N 1 27/04/2004-08:00 27/04/2004-19:00 T07 AKSOY TRUVA 0407 0406 1 27/04/2004-11:00 27/04/2004 15:30 K12 ALSHAMIAH S410W S410W 1 27/04/2004-01:00
        1,780 words
      • 624 23 Carbon 180 Max 989.7 0.3 14.9 0.05 36 0.04 Apr 22 Density Water Residue AshAluminium Sediment No above E25 0 0 0 0 0 C %M/M 380 Ave 986.1 0J 13.5 0.05 24 0.02 Cuon 380 Max 994.4 0.7 17.8 0.08 64 0.05 kc/M'3 v/v m/m
        624 words
      • 142 23 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 Day. Singapore: Labour Day. S.Korea: Labour Day. Sweden: Labour Day. Switzerland: Labour Day.
        142 words
      • 797 23 THIS report, compiled by Cockett Marine Oil Ltd, shows price rsinges 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
        797 words
    • AIR & LAND transport
      • 570 24 It's the biggest launch order for the US planemaker; production set to start in 2006 AP [SEATTLE] The Boeing Co board of directors has approved production of the 7E7 Dreamliner with a com-pany-record launch order of 50 planes by
        AP; BLOOMBER  -  570 words
      • 494 24 It expects to grow more than Qantas in next three years Reuters [BRISBANE] Richard Branson's budget Australian airline Virgin Blue says it can outlast any threat from rival Qantas Airways' domestic start-up Jetstar and expects to boost market share. The discount
        Reuters; REUTERS  -  494 words
      • 270 24 Reuters [MACAU] Low-cost carrier Air Asia has begun code sharing talks with Air Macau that could give the Malaysian no-frills airline access to China's fast growing travel market, Air Macau said yesterday. "We have sat down together with them," said
        Reuters  -  270 words
      • 229 24 Reuters [ZURICH] Swiss International Air Lines still aims to join the oneworld alliance of airlines, despite problems over integrating its rewards system, a spokeswoman for the flag carrier said on Sunday. "Membership at oneworld is still our strategic goal; there
        Reuters  -  229 words
      • LOGBook
        • 95 24 Reuters [MACAU] Nok Air Co Ltd, the no-frills offshoot of Thai Airways Ltd, said yesterday that it aimed to be profitable by the end of its first year of operation. The airline is due to commence services in the middle of 2004,
          Reuters  -  95 words
        • 118 24 AFP [AUCKLAND] The Kingdom of Tonga, already reeling from a financial scandal, faced an economic crisis on Sunday after the nation's airline had its only jet repossessed and creditors threatened legal action to recover millions of dollars in debt, diplomatic and legal sources said. Government-owned
          AFP  -  118 words
        • 136 24 Bloomberg [LONDON] British Airways pic, Europe's largest airline, said it will find other ways of cutting employee costs after labour unions refused to accept plans to increase employee pension fund contributions by 3 per cent. Spokesman Richard Goodfellow denied a report in the
          Bloomberg  -  136 words
        • 95 24 OANA-Yonhap [SEOUL] Korean Air, South Korea's flagship carrier is to gradually provide passengers with in-flight high-speed Internet service from 2005. The bigger of the nation's two air carriers signed a deal yesterday with Connexion by Boeing, an Internet service unit of the Boeing Company, to
          OANA-Yonhap  -  95 words
        • 146 24 AFP [MANILA] National flag carrier Philippine Airlines (PAL) said yesterday it is taking security precautions following a reported threat of attacks issued in Thailand against it and two other airlines. Flight operations are normal and the carrier is cooperating with the authorities in both countries,
          AFP  -  146 words
      • 2102 24 cm FLIGHT ETA FLIGHT ETC LH9762 0(30 S0326 1345 OIlMIl BA7382 2215 S025 0630 BA7305 2255 0F82 2215 LH778 1555 LX4381 2255 LH9770 2300 "***** 1555 0F5 2255 S0229 2300 S***** 1555 LH779 2305 AMStcNM $023 0605 GA974 0130 J®® 2305 KL837 1450 KL838 2255 JO
        2,102 words
  • Page 17 Advertisements
    • 33 17 A A w J 111 <'|l|tf|l I "l L i fcgHpr BKr- AkAsia hi talts with Air Macau to tap China market BACKPAGE 1 Basra attacks could drive up insurance, rates PAGE 2
      33 words

  • Page 18 Advertisements
    • 676 18 Fmport I NORTHAMERjCA PI AUSTRALIA/NEW ZEALAND jSUPEB SHUTTLE EXPRESS (83X) |AUgTRALIA ASIA EXPRESS (AAX) 7| VESSEL VOY LGS SIN PKG mm PtO MEDUOYD KOBE 38W15 14/04 02/05 04/0S VISStI 5!? LOS ANGELES EXPRESS 04W16 21/04 09/0S 11/0S P4O NEDUOYD BRISBANE 76N OMH 19/04 21/04 23/04 27/04 02/05 04/0S PtO NEDUOYD
      676 words
    • 535 18 Lines services represented by gBSJI) Accredited Shipping Agenb, __j f J"9°P° re l °9 ,s,,cs <°ti. V Singapore Shipping Anocidion soc ot P UIY UNE MALE /vessel voy eta eta eta\ P. KLAHG SPORE MALE Princess Uly 0304 30/04 04/05 12/05 Mold Star 548 10/05 13/05 22/05 Koto Teraju TRJOBI
      535 words

  • Page 19 Advertisements
    • 750 19 MOL Combines a range of shipping modes to ensure timely/ reliable services covering major —jjorts in Norm America, Europe, Japan, Asia, Africa Oceania. Also accqrt bitra-Asia Cargoes to: BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGDAO BELAWAN JAKARTA SURABAYA KAOHSUNG BANGKOK LAM CHABANC HOCHIBMNH PASflt GUDANG PENANG PORT KEIANG For Schedules, BL
      750 words
    • 921 19 GENERAL AGENTS IN SINGAPORE: 16 RAFFLES QUAY #36-01 SALES/BKGS TEL 6420 *****43 FAX: 6238 *****24 COSTAR SHIPPING PTE LTD HONGLEONGBUILDING waosao? *****325/75 CR NO. **********0 M SINGAPORE *****1 INWARD (D/O) 6420 5786 6238 5319/49 JOHnncmrirF TEL 6226 1900 (MAIN) T/SHIPDEP *****825 *****316/46 Tr, «»/.T CONVENTIONAL *****850 *****208 COSTAR AGENCIES (M)
      921 words
    • 591 19 vessel vov sin pkg HERTFORD OQ2N I 27/4 78/4 30/4 PERTH BRIDGE 053 A ~~675~ 8/5 PAC AQUILA 406N I 4/5 I 5/5 7/5 NEW DYNAMIC 060 A HT 15/5 GOLDEN TRADE 4QIW I 11/5 I 12A 14/S PBTH BRIDGE OS4A 20/5 22/5 •Cafag«6-Mid-Slw»n *VSL cnttng both North West port
      591 words

  • Page 20 Advertisements
    • 663 20 er>C| |M| A O ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: MmirtiMmn.coin.ig VCLIVIMW DOCUMENTATIONS/OPERATIONS: *****037 FAX: *****177 M9UBUI CMMSIMM UWS Flfli CONTAINER SERVICE TO WIST AFRICA via EUROPE VISSEL VOY SINGAPORE PORT KELANO IE HAVRE DAKAR BANJUL NOUAKCHOTT CONAKRY"] Hvyndai Indnondence 320W 03/05 04/05 19/05 31/05 02/06 08/04 02/0* Hywda Fortune 321W
      663 words
    • 59 20 VOY ETA ETA ETA ETA^B VESSEL NO PKL SIN MALE CBol 547 18AM 27/04 MMjOiVECARRiER 746 20/04 17/04 ~27fITM MPRiNCESSULY 0304 27/04 29/04 08/05 M 548 10/D5 13/05 22/05 MMAUMVEOWRiffI 747 23/05 ***** 29/05 ~~03f16~M I SCHEDULED SAILINGS TO I COLOMBO proj«ctcargo^OMALE^EPO^Al£lVE^H Singapore: Seaward Shipping Agencies Pte Ltd Tel: *****878
      59 words
    • 923 20 W———- J M WAN HAI LINES j r Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: EUROPE ROTTERDAM HAMBURG ANTWERP I ..-v> -■*>:s■■■ c: w 3 CALLING SIN EVERY Saturday MAIDEN VOYAGE: KOTA GANTENG 029W ETA SIN: 01 MAY 2004 For more details, call HOTLINE: 6226 1588/
      923 words
    • 602 20 EISA MYANMA PQ FIVE STAR LINE (Myonmar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 328W SU> HPA-AN 320W SLD SLD IN MALAYSIA: ROUSTEAO SHIPPING AGENCIES XUI: 03-*****300 PKI: 03-*****101 PEN: 04-*****02 JKKKk ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC JACARADA ACE 91
      602 words

  • Page 21 Advertisements
    • 1500 21 VESSEL VOY SIN PKL DXB BAB PMM jjjt CHABAHAR iKHORRAMSHAHRI IRAN SHAHRYAR PCL 8032 02/05 03/05 12/05 13/05 19/05 21/05 23/05 25/05 IRAN SATTARI PCLBO3I 07/05 08/05 17/05 18/05 25/05 27/05 29/05 31/05 IRAN TEHRAN PCL 368 15/05 16/05 23/05 24/05 31/05 02/06 04/06 06/06 IRAN SHAHRYAR PCLBO33 22/05 23/05
      1,500 words
    • 622 21 I k UK CONTINENT SERVICE Loading for GLORIUS RTM/ATW/BMN/UK/NAN ATERMON RTM/ATW/BMN/UK/NAN Loads Singapore, EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBI/ABU/DOH/BRN/DMM/KWT VTC STAR DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/JDH/AQA 'Loads Singapore. EVW. 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 E7W. Malaysia,
      622 words
    • 776 21 VOY SIN PGU ¥02 iW. JKI "<»*** U»w 29/04 30/04 WATARAW »P W2 30/04 03/05 p »**>* UWH 01/05 02/05 ALAMJAYA 2 MM 02/05 04/05 EAOAMOA 1200* 03/05 03/05 PA( lIHTAM 2244 03/05 05/05 W BANDA 1201N 04/05 04/05 MATARAM EXP 3004 05/05 08/05 -MMM H22N Si/Si 06/05 HIHBBTFnVT7n7!V!YT!rHHBHHI PACIANDA
      776 words


  • Page 23 Miscellaneous
    • 128 23 1 REGIONAL WEATHER FOR 7 AM 27 Apr Issued by Meteorological Service Division,NEA LEGEND: R Thunderstorm Wind speed symbols 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 L —One full fleche represents 10
      128 words