The Business Times, 4 May 2004

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Total Pages: 27
1 28 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Internet: http://business-times.asial .com.sg SINGAPORE TUESDAY, MAY 4, 2004
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  • 548 1  -  Report submitted to Thai PM's office; land unlikely to be sold outright By Siow Li Sen, Kalpana Rashiwala [SINGAPORE] A feasibility study on redevelopment possibilities for the Royal Thai Embassy site in Orchard Road has been completed and submitted to the Thai Prime
    FILE PHOTO  -  548 words
  • 744 1  -  Mid-cap stock relegated to small-cap status in wake of fiasco By Wong Wei Kong [SINGAPORE] Informatics Holdings saw $150 million or more than half of its market capitalisation wiped out yesterday as furious investors punished the company for overstating its earnings for nine months and
    Source: Bloomberg  -  744 words
  • 583 1 Report says he's in line for number 2 job at govt investment arm [KUALA LUMPUR] In a potentially controversial appointment, Khairy Jamaluddin, the 28-year-old son-in-law of Malaysian Prime Minister Abdullah Ahmad Badawi, is set to become a senior executive at Khazanah Nasional,
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  • 694 1  -  Boost in electronics export orders poshes April index past 55 points By Anna Too [SINGAPORE] In the best sign yet that Singapore's economic recovery is gathering strength, a surge in electronics export orders last month sent the purchasing managers' index (PMI) past 55 points
    REUTERS  -  694 words
  • 72 1 STI 1,839.23 (-2.80) ST INDEX FUTURES 1,831.00 (-4.00) SIMSCI 223.72 (-0.40) SIMSCI FUTURES 222.50 (-0.50) Monday Change KLSE COMP dosed NIKKEI 225 closed HANG SENG 11,950.62 +7.66 SET INDEX _ek»sed JAKARTA COMP ,„dosed MANILA COMP 1,562.65 +7.64 TAIPEIWPI 6,(129.77 MM SEOl LCOMP 866.11 +3.27 SHENZHEN B .dosed Al'ST ALLORD
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  • 73 1 FOREX RATES US$ S$ I'SS (SS per USS) 1.700 £(l'S$/SS per 1.775 3.018 ElRO(US$/SS/E). 1.196 2.034 YEN 110.0 64.70 RM 3.800 2.235 HKS 7.800 4.588 BAHT 39.95 23.50 Rl'PIAH 8.783 5.165 RENMINBI 8.277 4.868 INDIAN RUPEE 44.74 26.31 AS 1.388 0.817 NZS 1.599 0.941 PRIME RATES SINGAPORE 5.25 MALAYSIA
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  • Page 1 Advertisements
    • 78 1 Singapore chipmakers are upbeat PgiO 8 ii ii ilHouuGi ass ROUsX %mim J3 I, |()UI< (il ASS I I I 11 '1A if- I I I I. I 'O I' A I I I I I I« »I II A1' < A"l >1 III <• I I I I I
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  • NEXT page
    • 504 2  -  Sim Kay Wee skips retirement route, stunning colleagues By Ven Sreenivasan [SINGAPORE] It isn't often that a senior vice-president (SVP) of Singapore Airlines quits. Of course, that is partly because the airline has only a dozen people at that top management level. So when
      504 words
    • 376 2  -  By Serena Ng [SINGAPORE] Telecommunications network company Global Crossing, which last week highlighted accounting errors in its financial statements, yesterday said it is facing a possible delisting from the Nasdaq exchange, but will be taking the necessary steps to stave off such an
      376 words
    • 421 2  -  BT exclusive Deal will fuel US company's expansion in Asia-Pacific By Genevieve Cua [SINGAPORE] A US leader in the outsourcing of employee care services has acquired two Singapore companies, which will help to fuel its expansion in the "extremely fragmented" Asia-Pacific market. Convergys, a group
      421 words
  • Page 2 Advertisements
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  • 877 3 THE time to buy into the European market could never be better than now. But mention Europe to investors and most of them might cringe, what with political tensions in the region and bombings in Madrid. Still, Fidelity Investments is finetuning its focus on the region
    AP PHOTO  -  877 words
  • Page 3 Advertisements
    • 543 3 f Fidelity INVESTMENTS €ARE YOU SEEING EUROPE AS WELL AS YOU SHOULD? Get a sharper vision of European opportunities. Trust the best fund management organisation ranked by European institutions* With its attractive stock valuations, strong corporate earnings and improved market breadth, there's never been a better time to capture opportunities
      543 words

  • SINGAPORE companies
    • COMPANY Briefs
      • 88 4 THE first wrongful death case to go to trial in the US against Singapore Airlines for the crash of Flight SQOO6 will begin today at 9am in a Los Angeles Federal Court. The plaintiffs, Sidney and Christina Wu, filed suit on Feb 23,2001,
        88 words
      • 53 4 LIAN Beng Group's wholly owned subsidiary Lian Beng Construction (1988) has been awarded the building contract for the proposed 313-unit Condominium Housing Development at Mount Sophia. The $68 million contract was awarded by CPL Sophia and will commence on April 20. Completion is scheduled
        53 words
      • 87 4 BASIS Point yesterday said Singapore Power's purchase of US power company TXU Corp's Australian assets for US$3.7 billion could lead to a bond issue of up to US$2 billion. Sing Power agreed to buy TXU Australia Holdings last Monday, and Morgan Stanley is
        87 words
      • 104 4 MEDIASTREAM yesterday said it has applied to the Accounting and Corporate Regulatory Authority for an extension for its accounts to be laid at its AGM. It has also applied to the Singapore Exchange for a waiver on the maximum four-month interval allowed between the close of
        104 words
      • 84 4 STANDARD Poor's Asian Equity Research yesterday estimated the fair value for new public offer AsiaPharm to be 39 cents per share. Bermuda-incorporated AsiaPharm has its business activities mainly in China and its principal activities include the production and sale of pharmaceutical drugs, active
        84 words
      • 58 4 INTRACO Ltd yesterday announced the appointment of Teo Kiang Kok as an independent, non-executive director with effect from May 3,2004. Mr Teo has also been appointed a member of the nominating committee. Mr Teo, a partner of Messrs Shook Lin Bok since 1988, heads the firm's
        58 words
    • 514 4  -  Q1 profit soars 73% due to higher contributions from China projects By Kalpana Rashiwala CAPITALAND president and CEO Liew Mun Leong said yesterday the group is on track to lift overseas net earnings to more than 75 per cent of total earnings within the
      FILE PHOTO  -  514 words
    • 271 4  -  By Serena Ng GK GOH'S executive director and chief operating officer Linus Koh, who resigned from the stockbroking firm last week, will be joining the Singapore Exchange as head of its products and services group from May 20. Mr Koh, who will join as
      271 words
    • 335 4  -  Earnings jump 77% in Q1 as turnover doubles By Joyce Koh RECENTLY listed Midas Holdings yesterday became the latest company to propose a share split to boost its share liquidity and expand its shareholders' base. Each existing share of eight cents par
      335 words
    • 532 6  -  Listed CNI takes stake in Chinese firms just before they go public By Loh Hui Yin A FINANCIAL services firm in Hong Kong which specialises in "last mile" financing for companies from north-east China is bringing a supermarket from Liaoning province
      ARTHUR LEE  -  532 words
    • 231 6  -  By Teh Shi Ning BILLED as the first Chinese Internet play to get a listing here, China Cast Communication Holdings yesterday launched an initial public offer of 110.5 million shares at 49 cents a share. Four million shares will be sold by public offer and the
      231 words
    • 342 6  -  AnnAik directors will control holding company intended for listing By Kenneth Lim TWO directors of mainboard-listed steel company AnnAik are taking a majority stake in a China venture to produce anti-cancer drugs. Ann Aik executive chairman James Ow and chief executive Tan
      342 words
    • 815 6  -  HOCK lock siew loh hui yin NOW that China's economic growth is set to slow be it a soft landing or something more painful what does the future hold for shareholders of China stocks listed here? They had bought their shares on the
      815 words
    • 318 10/11  -  $48m sale will help reduce bank debt; Teckwah to lease back building By Joyce Koh MAINBOARD-listed Teckwah Industrial Corp yesterday said it has entered into a conditional put and call option agreement with Mapletree Investments to sell TIC Tech Centre for $48 million.
      318 words
    • 235 10/11  -  By Joyce Koh MAINBOARD-listed PanUnited Marine yesterday announced a 64 per cent surge in earnings to $5.4 million for the first quarter of 2004. Turnover for the newlylisted company also increased 40 per cent to $58.9 million from $42.2 million previously. This was due to
      ST FILE PHOTO  -  235 words
    • 403 10/11  -  Disposal of loss-making outlets, cost controls and higher productivity cited By Teh Shi Ning MAINBOARD-LISTED Thai Village Holdings Ltd, which owns a chain of specialty restaurants serving ThaiTeochew fare, yesterday announced a delectable 65 per cent rise in interim net earnings to
      403 words
    • 536 10/11  -  Two reports make 'sell' calls after it pays fee to join SGX research scheme By Kenneth Lim MAYBE seeking a higher profile among Singapore investors wasn't such a good idea for Inno-Pacific Holdings. The loss-making owner of the Shakey's pizza franchise in the US
      536 words
    • 3578 6 UNIT TRUSTS FUNDS Com S'pore Bond Fund/* 1.1/ CradN Agricoio Am Mgt S'pore Ltd AW Amro AMt Mft (S'pore) mdocam Asia Vision!" 1.0(7/1.142 Star Europe Eqty!" 0.7321 MS Asm* Mgt Star Eif ope Bond 1.221/ Shemon Twin (K U95/135 SartooptM, 1.034/ japan Growthl™ 0.935/0.98 Star Asian Tiger Eqty 0X74/ Mend*
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  • Page 4 Advertisements
    • 45 4 The Good Universities Sp* t !°^C 2 s y p| Central Queensland International Enrolment O UNIVERSITY "A" "A' "A" TAt COli CMCOS niOvKXR COW OMI9C <0U» Education Experience Reach Academic K Hartford is a leading education provider listed on the Singapore Exchange (SESDAQ) B HH
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    • 95 4 f K1 jXdffr* K J m JM ■71|y xf M W fix mm H Bt Wm m jrl I a a f r^*l J Jjji job \M Nominations for the 2004 eso.startup awards are now open Recognising Singapore's New Enterprises To be eligible, a company be a privately-held enterprise be
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  • Page 7 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      510 8  -  Compiled by VEN SREENIVASAN United Test And Assembly Center May 3 dosing: 85.5 canto WE are attracted by Utac's growth potential, which will see the company turn around in FYO4 with a net profit of US$l6.9 million. In FYOS, we expect strong earnings growth of 95.9 per cent
      Source: Bloomberg  -  510 words
    • 306 8  -  HOT STOCK WARRANT By Ven Sreenivasan THE stock of Cerebos Pacific, the maker of the renowned Brand's Essence of Chicken tonic drink, has retraced from its January and February highs of over $3. It closed unchanged at $2.94 yesterday. The stock was battered by the
      Source: Bloomberg  -  306 words
    • 577 8  -  BT comment CURRENCIES Asian currencies remain on the defensive versus US$ ahead of today's Fed meeting larry wee ASIAN currency markets had a subdued session yesterday. Japanese and Chinese players were on an extended break, and there was caution ahead of today's meeting
      Source: Reuters  -  577 words
    • 526 8  -  BT comment STOCKS r. sivanithy LOCAL stocks ran true to form yesterday. The broad market was weak but support for a handful of counters kept the Straits Times Index afloat. Turnover slumped, suggesting the absence of all but the most hardcore traders.
      Source: Bloomberg  -  526 words
    • TRADES TO WATCH
      • 98 8 INDONESIAN-LINKED food group QAF, which is controlled by Andree Halim, has raised its deemed shareholding in PSC Corporation to just above 10 per cent from 9.42 per cent, after an open-market purchase of 7.78 million shares on April 30. The move
        98 words
      • 68 8 THE president and CEO of lifestyle products maker Agva Corporation, Albert Lim (above), bought 50,000 shares in the company at 22 cents apiece on April 29. The open-market purchase raised his direct holding to 48.09 per cent from 48.07 per cent. He also has a
        68 words
      • 61 8 THE chief executive officer and executive director of RSH, Vinod Kumar Gomber, bought 25,000 shares in the open market on April 29 and 30 at 59 cents per share. The purchases raised his direct holding in the sporting goods retailer to 5.4 per cent from
        61 words
      • 61 8 AN executive director of Penguin Boat International, Alex Yong, yesterday sold 100,000 shares of the ferry and boat services company in the open market at 16.5 cents apiece. The sale reduced his direct holding to 4.96 per cent, or around 9.93 million shares, from 5.01
        61 words
      • 89 8  -  Compiled by SERENA NG TAT Hong Holdings, which rents and sells cranes and heavy equipment, said yesterday Ng Chwee Cheng has become a substantial shareholder after the purchase of 555,000 shares at 45.2 cents apiece in the open market on April 29. The purchase
        89 words
    • Article, Illustration
      425 8 OTHER SINGAPORE INDICES May 3 VALUE CLOSE BT OB/OS -970.00 -32.00 BTCAPt -*****.00 -132.00 BT 10-day MA -*****.00 -97.00 AM-SG Equities 493.34 -0.59 SC Equities Elect 170.15 -0.40 SG Equities Fin 1501.46 -7.95 SG Equities Prop 436.16 +2.42 SIMSCi 223.72 -0.40 SiMSCI Futures 222.50 -0.50 Motto Vd— Informatics 5c 106.005,000
      425 words

  • SMALLcaps
    • 446 9  -  By Teh Hooi Ling SMALL-CAPITALISATION stocks continued to be clobbered last week, with the UOB Sesdaq Index weakening by 3.6 per cent. The index has lost some 13 per cent in the last 10 weeks. In line with the general poor sentiment, our small-cap portfolio also
      446 words
    • 808 9  -  China ceramic tiles and sanitary ware maker is reeling from keen competition and weak management, writes ANGELA TAN ANGELA TAN CERAMIC tiles and sanitary ware maker Eagle Brand, once a darling of investors looking for a China play, has become an example of how a
      FILE PHOTO  -  808 words
    • Article, Illustration
      38 9 Operating margin -30 44% Return on cap -13.90% Pre-tax margin -33.19% Asset turnover 0.37 Return on assets -12.31% Financial leverage 1.13 Return on equity -13.91% Effective tax rate -1.46% Fiscal year-end is Jan 31 Source: Bloomberg
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  • Page 9 Advertisements
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    • 47 9 Ml 39 A I^| fl jmIL. K ■.IJi vji w v l^te(fc. W actually own a Patek Philippe. HHH You merely look after it for the next generation. The world Time with the unique Patek Philippe 240HU automatic movement. Geneva Master Time, Tel: (65) 6732 1506. www.gmtsingapore.com
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  • SINGAPORE news
    • 623 10/11  -  Two-thirds of electronics manufacturers expect better business in next 6 months By Raju Chellam AMONG manufacturers, Singapore-based semiconductor makers are the most optimistic about the next six months. They see more orders for chips used in communications and consumer electronics, and most expect to
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    • 242 10/11 TAN Chin Tiong, Permanent Secretary at the Ministry of Foreign Affairs (MFA), will retire from the administrative service on July 15. Peter Ho, now Permanent Secretary at the Ministry of Defence (Mindef), will take his place. Mr Tan, 59, joined the admin
      242 words
    • 126 10/11 LAW firm Harry Elias Partnership (HEP) said yesterday Annabel Pennefather, Singapore's Chef de* Mission to the Athens Olympics, will join its new Sport Law practice. Ms Pennefather started practising in 1972 and specialised in property law and international business transactions. One of the
      126 words
    • 398 10/11  -  Only department stores and other retailers are expecting lower sales By Chen Huifen SINGAPORE'S services industries are forecasting a favourable business outlook for the six months ending September, with a net balance of 31 per cent of firms seeing improved business conditions, according to the Department
      Source: Dept of Statisics  -  398 words
    • 436 10/11  -  By Chen Huifen SINGAPORE is not ready yet to raise the retirement age from the current 62 years as there is still a sizeble segment of the workforce that can be tapped, according to Acting Minister for Manpower Ng Eng Hen. He was referring
      436 words
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  • FOCUS property
    • 525 12  -  Take-up rate of homes in the central area hovers at 25-30% compared to 40% eight years ago, consultants tell Vince Chong Vince Chong THE proportion of foreigners who own properties in prime districts has fallen compared with the figure eight years ago, according to
      525 words
  • Page 12 Advertisements
    • 403 12 m M Jones Lang \sll/ LaSalle* 2 Mistri Road •15-storey commercial building with basement carpark •Prime location, off Anson Road/ Shenton Way •Tenure 99 years leasehold f •Site Area: 14,325 sq ft approx. Net Lettable Area: 55,341 sq ft approx. •smins walktoTanjong PagarMßT Auction -12 May 2004 (Wednesday), 2.30pm Venue
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    • 224 12 YOUR IDEAL CORPORATE INDIVIDUAL HOLIDAY RESORT. VISIT OUR SHOWROOM NOWMI Marketing Agent: Parkland Property Services Pte Ltd 470 North Bridge Road #02-08 North Bridge Commercial Complex Singapore *****5 CALL NOWIII 9818 0372,9688 4336 FOR SALE BY TENDER HHjjßi |M| PRIME FREEHOLD REDEVELOPMENT SITE AT jm Land area- 40, 798 sq
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    • 23 12 ggKL p5V U i -i w fJPy 'V 4 f Till: IU SINHSSTIMHS r l i /< >' I I.it Hit,, I, it I I.
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    • 200 12 w fTTI I Luxury •*4 Residential Site For Sale Falcon Crest o+Lmj/ 5 minutes walk to Orchard Road/MRT T5T' Approx. 27,278 sq ft Plot ratio 2.8 JI N Height control up to 36 storeys Freehold CBRE Tel: 6224 8181 cb richard ellis Pre-Registration Required Please complete and return the registration
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  • REGIONAL news
    • 436 13 KUALA LUMPUR Move could come after its network integration with TM Cellular CELCOM (M) Bhd could be re-listed on the Malaysian stock exchange in the fourth quarter, after completing the bulk of its network integration with TM Cellular by July, The Star
      436 words
    • 255 13 KUALA LUMPUR MALAYSIAN building material maker ACP Industries Bhd plans to acquire a stake in construction firm IJM Corp Bhd from some institutions through a stock and cash deal, a business weekly said yesterday. The Edge weekly, quoting unidentified sources, reported the move
      255 words
    • 253 13 KUALA LUMPUR Main power tunnel completed 4 months ahead of schedule THE Bakun Dam will meet its September 2007 deadline, New Straits Times reported yesterday, citing the Malay-sia-China Hydro Joint Venture, the consortium building it. "We have completed the main power tunnel, the
      253 words
    • NOTEBook
      • 70 13 Reuters [HONG KONG] Hong Kong's Exchange Fund, part of the city's official reserves, made an investment loss in April that wiped out its first-quarter gain of HK$l6.B billion (553.7 billion), the Hong Kong Monetary Authority said yesterday. "The figure has been very volatile
        Reuters  -  70 words
      • 63 13 Reuters [PATTANI, Thailand] More than 800 heavily armed troops arrived yesterday in Thailand's Muslim south where authorities are on full alert for possible suicide attacks after a bloody uprising last week, officials said. The soldiers will join a stepped up security effort in the
        Reuters  -  63 words
      • 77 13 Bloomberg [TAIPEI] Acer Inc forecast its shipments of desktop computers will double this year and plans to be the world's third-biggest maker within three years. Acer last year re-entered the US, the world's largest PC market, through agreements with retailers such as Best Buy
        Bloomberg  -  77 words
      • 63 13 Reuters [HONG KONG] Hong Kong's economy remained robust in April as global economic recovery boosted business although the pace of growth eased slightly from the previous month, the latest monthly Purchasing Managers' Index (PMI) shows. The seasonally adjusted PMI dipped to 54.8 in April from 55.4
        Reuters  -  63 words
  • Page 13 Advertisements
    • 447 13 IWC. Official r supplier to men. The Spitfire Double Chronograph, with its split-seconds mechanism for recording intermediate times and automatic winding system, pays tribute to the famous aircraft ot the *****. It is resistant to sudden decompression, even at an altitude of 16,000 metres, and can withstand the highest loadings
      447 words

  • EDITORIAL & opinion
    • 806 14  -  THE bottom line OPINION yogi aggarwal THE Indian software industry has come of age. Three of the largest information technology (IT) companies have each achieved a turnover level of over US$1 billion recently. The largest, Tata Consulting Services (TCS), crossed the threshold last
      806 words
    • 35 14 'A lot of the world's stability or instability is resting on the leadership in Beijing there is no question about that.' Richard Koo an economist, on the significance of the Chinese economy.
      35 words
    • 606 14 EDITORIAL FINANCIAL markets are running scared of a slowdown in China's economy when what they should really be worrying about is the danger that authorities there fail to slow the leviathan through the use of conventional policy instruments. This means Beijing might eventually have
      606 words
    • 1800 14  -  In a world of generalised flexible exchange rates among the major currencies, pegging to a basket of currencies is a feasible and attractive choice By Ramkishen S Rajan FOLLOWING the International Monetary Fund's (IMF) latest consultation with Malaysia, the institution's executive directors acknowledged the overall
      AFP  -  1,800 words
    • 468 15 MANILA May 10 elections expected to prompt flood of text messages and calls Reuters THE Philippines' top two telephone firms are set to report strong rises in quarterly profits this week and upbeat conditions for the near-term as better and cheaper services
      Reuters  -  468 words
    • 412 15 BEIJING Xinhua XU Ling, who is graduating in July from Beijing University, is trying hard to land a job in a Fortune 500 company. "Foreign enterprises offer a decent salary, and a nice working environment," she said. "More importantly, I get to develop
      Xinhua  -  412 words
    • 311 16 HONG KONG IPO could value power generator at around US$2b CHINA Guodian, one of the "big five" state-owned power generators, is planning a Hong Kong listing that could value it at some US$2 billion and enable it to capitalise on China's strong demand for
      311 words
    • 477 16 RED CHIP WOES Friends, relatives of senior execs said to have received preferential allotments Reuters [HONG KONG] Corruption watchdogs in Hong Kong and mainland China are investigating China Life Insurance Co Ltd's allocation of shares during its IPO last December, a Hong Kong newspaper
      Reuters; BLOOMBERG  -  477 words
    • 263 16 Bloomberg [TAIPEI] Wah Sang Gas Holdings Ltd, whose stock has been halted about a month amid a regulatory probe, was fined for alleged foreign-exchange violations as authorities in Hong Kong and China continue their investigation, a shareholder said. The Hong Kong-listed
      Bloomberg  -  263 words

  • Page 15 Advertisements
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  • Page 16 Advertisements
    • 13 16 —H Mil v;: ";;-'-^-*.i j 1t C v<^> -f- j, y v v
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    • 187 16 Lianhe Zaobao jg ranee I stry I pn| ig lis I rtn||M n ijgl lie I ons I ■■TpHBIHI Call toll-free 1800 289 8822 UNITED OVERSEAS BANK LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned certificates have been reported lost, destroyed or mislaid:Name Certificate No. No. of shar« B
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  • 805 17 i Transaction date: May 3 Stadi aim Wt Qow Ot—y stocli mm wt dote Change Allgreen 50c 0.30 0 985 NOt 1.46 1.900 -0.050 BltmtlUS20c 0.37 0.720 -0.005 OCBC 8.95 12.100 CapftaLand 1-17 1.610 Parkway H 25c 0.60 1.180 -0.010 Chart SemtCond 26c 1.22 1.480 -0.020 People's Food HK50c
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  • Article, Illustration
    1108 17 Transaction date: May 3 MTERBAMK CROSS RATES AS gmt Euf0 "US '"<*»» Buplah Yen Won BM HZS P»H Rs Peso SS Band Sfr NTS Baht Pound US$ Australia 0.990 5.961 0.602 5.618 32.224 ***** 0.793 8.441 2.737 1.152 ***** 40.158 1225 4.976 0.935 24.001 28.778 0.406 0.720 Canada 1011
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  • 726 17 BONDS WARRANTS Cod* Comoanv V0< COm 0411 Gaar 'kG* Code Company Sale *or 000) Ratio Price ing Left 3779 ASL Marine Hldgs W*****1 .155 05 6 1 53 34 329 47 3698 ASTIW*****1 32 1 16 159 1 3697 Acma Ltd W*****6 .05 unch 400 1 50 621 14 00
    726 words
  • 4851 17 Transaction date: May 3 HONG KONG Vol HK Exchanges Clearing ..15.70 0.10 2315 Mtt H> HKRInft 2.<3 -0.05 1976 Hong Kong Electric 34.10 -0.20 1743 Aeon Credit 5.15 -0.05 2 Hongkong Chinese 1.00 unch 654 Aeon Stores... .5.65 unch 0 Hongkong Chinese Ltd .......1.00 unch 654 Alpha General
    4,851 words
  • Page 17 Advertisements

  • WORLD news
    • 417 18 OMAHA, Nebraska Prices of raw materials rise; Buffett expects trend to stay Reuters WARREN Buffett, the world's second-wealthiest man, said some businesses in his Berkshire Hathaway Inc holding company were starting to feel the pinch of inflation as energy and commodity prices rise. Soaring steel
      Reuters; AFP  -  417 words
    • 242 19 FRANKFURT Demand fuelled by communication devices and computer producers Reuters GLOBAL sales of chips continued to accelerate in March, rising 32.3 per cent year-on-year, as producers of communication devices and computers fuelled demand for semiconductors, a European trade association said yesterday.
      Reuters  -  242 words
    • 366 19 YANBU, Saudi Arabia AP, Bloomberg WESTERN oil industry workers finalised plans yesterday to pack up and leave after losing five colleagues in a shooting rampage -In this Saudi industrial city, one of whom was dragged by militants through the streets. More than a dozen
      AP,; Bloomberg; AFP  -  366 words
    • 494 20 LATEST US INDICATORS Growth of US manufacturing slowed last month AP, Reuters [WASHINGTON] Construction spending registered its best month on record in March, but US manufacturing growth slowed a bit in April, weighed down in part by higher material costs. The Commerce Department reported
      AP,; Reuters  -  494 words
    • 398 20 HELSINKI AFP UP to six million computers worldwide may have been infected by the Sasser worm first detected last week, including those of some large multinational corporations, Finnish Internet security firm F-Secure said yesterday. "Our estimate is that at least hundreds
      AFP  -  398 words
    • 248 20 NEW YORK AFP US Democratic presidential candidate John Kerry said in remarks published yesterday that he would seriously consider former treasury secretary Robert Rubin to replace Federal Reserve chairman Alan Greenspan when he retires. "I'd certainly look to somebody like a Bob
      AFP  -  248 words
    • 150 20 WASHINGTON Reuters GOOGLE Inc excluded Goldman Sachs Group Inc, one of the world's largest underwriters, as a lead manager for its planned US$2.7 billion initial public offering because it was angry with the investment bank, Newsweek magazine said on Sunday. Google asked investment banks
      Reuters  -  150 words
    • 337 20 LONDON MBNA, the US credit card company, is thought to be the frontrunner to buy Egg, the internet bank, which could be worth more than £1.4 billion (554.2 billion). Prudential, which owns a 79 per cent stake in Egg, has been
      337 words
    • WORLDWatch
      • 79 20 Reuters [NEW YORK] No 1 microprocessor maker Intel Corp yesterday estimated the cost of expensing stock options to be less in Ql 2004 than a year earlier. The Santa Clara, California company, which opposes options expensing, saw stock options cutting earnings by 17
        Reuters  -  79 words
      • 85 20 Reuters [NEW YORK] A federal probe of Coca-Cola Co has intensified as a federal grand jury was scheduled and regulators subpoenaed employees, the Wall Street Journal reported yesterday. The grand jury will hear testimony in the case around May 25, the Journal said, quoting
        Reuters  -  85 words
      • 91 20 Reuters [LONDON] British phone firm BT Group Pic could get bids worth £15 billion (Ss4s billion) from private equity firms for its national telecommunications network, The Observer newspaper reported on Sunday. The unsourced report said firms such as Apax, Permira and US lease finance
        Reuters  -  91 words
      • 81 20 Bloomberg [NEW YORK] US supermarket chain Safeway Inc said Kohlberg Kravis Roberts Co founder George Roberts and KKR partner James Greene will leave its board after pension funds complained that a lack of independence contributed to losses. Mr Roberts and Mr Greene, as well as director
        Bloomberg  -  81 words
  • 1921 18 I* lart Vol Day Last Quote GrOtv Wv GrYtd Net MCap lam Code Comply Sale W- fOOO) Ht0i Low B«yr Salter Cw P/E 5mS 8 ,C SS? sSe 14 +1 35 14 13 U 15 27 ,'f J101 APOH5C 30Scd unch 59 30 5 29.5 29.5 30.5 5
    1,921 words
  • 72 18 n2.""fL rti. CnmMBv Vol On LastQuote GrOiv Mv GrYM Net MCep Wffc Low Cod* Comply Silt W- O0B| Hhrfi low »uv«r S*er Cw Ml SfflS 2060 2000 6065 [Jiamonds......— US2060 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISSAP500 US8270 ***** 9650
    72 words
  • 347 18 tt-Wk Tal Last Vol Day Last Quote GrOtv Mv GrYM MM MC»p Wgli Lew Code Company Sale COOP) Low >uyr ygm Cvr Wt Uii 228 116 6000 AVJenninqs A25c A210 +1 16 211 210 209 211 40 8.8 4.8 8 452 6001 Cathay Pac 20c HK720 265 2.1
    347 words
  • 5916 18 Transaction date: May 3 T«l L«t Vo( Day Last Quote GrOiv Otv GrYM Net MCap Wgfc low Co4« Company Sal* COOP) High low —Sdhr Cw HE Sn3l 579 32 0 IS! *309* 2 0cd 05 5 40 39.5 39.5 40 5 N9.7 0.6 14.2 1354 8 5300 ABNAmroNLG
    5,916 words
  • Page 18 Advertisements
    • 237 18 ■MR Call toO-frce 1800 289 8822 ootkts6s)A.toa.sg In The Matter Of The Companies Act. Cap. 50 And In The Matter Of TRANSTECH TECHNOLOGY (S) PTE LTD (In Creditors' Voluntary Liquidation) Notice of Resolution At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at
      237 words
  • Page 18 Miscellaneous
    • 283 18 CRYPTIC CROSSWORD ACROSS 8 What game taking pills L|| roughly nine swallowed! (5,6) 13 Old instrument consisting of 19 Criticise independent Conser- responsible for alarm |HV HHHT flflfiHf fIH 21 Changed at once after first J glimpse of Artemis into a 22 Pirate said to give uncouth imjm HL bh
      283 words

  • 1532 19 SICOM FUTURES May, RUBBER futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 04 231.25 Jul 04 233.00 Aug 04 233.50 S«P 04 232.75 Oct/Dec 04 ***** Jan/Mar 05 235.25 RSS 3 (US cents/kg) Volume Open Month Low Sett (tonnes) Interest ■ton
    1,532 words
  • Page 19 Advertisements
    • 194 19 Earn up to 20.5 with a Citibank Premium Deposit. j 'J fw A Now available online. Only from Citibank. Citibank Premium Deposits give you higher interest rates than regular time deposits by pairing two currencies of your choice Choose from Singapore Dollar, Australian Dollar, J>-v US Dollar and other currencies
      194 words

  • Page 20 Advertisements
    • 307 20 to. -4B i|ftmfe^M^^Bi^^BßilWWMßßlWWWßWW!j^^yS i: i; MM|M 1 CitiSelect Asia Tilt Growth Fund won "Asset Allocation Global Dynamic Fund" for over 3 years and 5 years performance to 31 December 2003, awarded by Standard Poor's Investment Funds Awards Singapore 2004. This document, prepared by the manager of the scheme, Citicorp Investment
      307 words

  • SHIPPING TIMES
    • Article, Illustration
      59 21 [HONG KONG] People signing a poster saying Protect Harbour, Stop Reclamation' before a march to protest against the reclamation of Hong Kong's Victoria Harbour on Sunday. Enviromental activists have led a campaign to prevent the governmentfrom reclaiming 18 hectares of the harbour which is needed to build a
      AFP  -  59 words
    • 637 21  -  IMO and London Roundtable participation add importance to Asian Shipowners' Forum Reports by Donald Urquhart [SINGAPORE] The Asian voice in international shipping, along with Singapore's position as a major maritime centre, will both be given a boost later this month when
      637 words
    • 309 21 [SINGAPORE] Concerns over the impending ISPS Code deadline and piracy are among the topics to be discussed at industry dialogue sessions later this month, according to Federation of Asean Shipowners' Associations chairman S S Teo, who said he anticipates "very open" discussions. Compliance
      309 words
    • 315 21 SGX n '000 Apt 30 St 4 Vol CH Offshore _......0.37 unch 4276 ChuanHup .0.49 -0.01 4348 Cosco Investment .0.75 0.03 ***** CWT Distribution 0 52 -0.01 20 Ezra Hklgj 1.03 0 06 554 Freighttjnks .0.12 0.01 862 GBHoldingi .0.74 unch 163 Jaya Holdings 0.80 0.01 2207 K1
      315 words
    • 460 21  -  ELOGICITY CASE Venture partners seek a minimum of $17m in share value By Beth Jinks [SINGAPORE] PSA International and P&O Australia Ports, subsidiaries of the world's second and third largest terminal operators, have been accused of secretly collaborating with competitors and
      460 words
    • 156 21 Bloomberg [OSLO] Royal P&O Nedlloyd, the world's fourth-biggest container shipping line, said it is winning higher rates from Asia to the US. "Negotiations are meeting the expectations we had three months ago," spokeswoman Gill Samuels said in a telephone interview from Rotterdam. "We are
      Bloomberg  -  156 words
    • AVIATION news
      • 980 22  -  Analyst says a clean sweep of executive offices would give Grinstein a team that is loyal to his vision and carries less baggage from last year's pay scandal By Russell Grantham NYT [ATLANTA] Leo Mullin and his top lieutenants are now gone, mostly,
        NYT; AP  -  980 words
    • 115 22 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 i Hamburg Sud 3 Hangli 4 Heung-A 3
      115 words
    • 7119 26 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SjN Dest'nName Name Number Number To DUNKEPOUE (DKK) 2695 Franc* To ABIDJAN (ABJ) 2003 Cot* D'lvolrt 17/05 13/06 CMA CGM CMA CGM HANET 4512 (5-*****800 15/05 08/06 Delmas
      7,119 words
    • SHIPS IN PORT
      • 567 27 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BLUE STAR *****4 J6 A/SIDE 04/05 021! CENTURY OAK 28 J12 A/SIDE 04/05 193( EASTN FORTIS ***** J7 A/SIDE 04/05 060( KIMTRANS XPR VE121 J24 A/StDE 04/05 080( LIBERTY HAWK 0130 J23 A/SIDE 04/05 230( WINSTAR 7 03E4WR J2
        567 words
      • 1700 27 CONTAINERS TERMINAL AND VESSEL SCHEDULES I Vessel Out In Bth Berthing Un- Berth Name Voy Voy seg berthing Nmbr ACX DAHLIA 075N 075N 1 04/05/2004-17:00 05/05/2004-06:00 T04 ACX RAFFLES 090S 090S 1 04/*****4-07:00 04/*****4-18:30 P06 AKSOY TRUVA 0409 0408 1 04/*****4-10:30 04/05/2004-15:00 K13 ANPA 4107 4107 1 05/05/2004-12:00
        1,700 words
      • 114 27 May S Japan: Children's Day. Netherlands: Liberation Day. S.Korea: Children's Day. Thailand: Coronation Day. May 8 France: Remem Day (WW2). May 17 Norway: National Day. May 20 Belgium: Ascension Day. France: Ascension Day. Germany: Ascension Day. Indonesia: Ascension Day. Netherlands: Ascension Day. Norway: Ascension Day. Sweden: Ascension Day.
        114 words
      • 798 27 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
        798 words
      • 636 27 Cirton 18 o Max 989.9 0.6 16.2 0.06 38 0.04 Apr 29 Density Water Residue AshAlumlnlum Sediment No above E25 0 0 t 0 0 0 5T*7ii 380 Ave 986.7 0.3 13.8 0.05 24 0.02 Exxon 380 Max 994.4 0.7 17.8 0.08 64 0.05 m/M'3 HV/V
        636 words
    • AIR & LAND transport
      • 210 28 [SINGAPORE] Singapore Airlines (SIA) wiH launch the world's longest non-stop commercial flight with its new direct New York services from June 28, the local flagship carrier announced yesterday. The 18 hour, 16,000 km flight using one of its new Airbus 340-500 aircraft
        FILE PHOTO  -  210 words
      • 275 28 Reuters [ROME] Alitalia flights returned to normal yesterday after five days of strike chaos, as the government prepared to meet unions and management for crisis talks aimed at saving the loss-making airline. The negotiations kicked off yesterday afternoon and ministers hope to reach
        Reuters  -  275 words
      • 253 28 AP [SYDNEY] Aviation authorities yesterday launched investigations into a 23-year-old woman who flew her light plane underneath Sydney's Harbour Bridge. The bridge has long been considered a possible target for terrorists and Sunday's stunt exposed how difficult it would be to protect it
        AP  -  253 words
      • 404 28 Reuters [SEATTLE] Boeing Co's new mid-sized 7E7 jetliner would be a great fit for Continental Airlines, if only the airline had the money to pay for it, the carrier's chief executive said on Friday. "We said we're ready to order, we're just not
        Reuters; BLOOMBERG  -  404 words
      • 127 28 Reuters [ZURICH] Airline Swiss is still in talks with rival British Airways for a cooperation deal which would pave the way for the flag carrier to join the oneworld alliance, a Swiss spokeswoman said yesferday. Media reports over the weekend said that
        Reuters  -  127 words
      • 476 28 Indian Airlines traffic jumps 28% in April; buying more planes Bloomberg [NEW DELHI] Prosperity and cheaper airfares are stoking demand for air travel in India, Asia's third-big-gest economy. Indian Airlines, the nation's biggest airline by fleet, said passenger traffic increased 28 per cent
        Bloomberg; FILE PHOTO  -  476 words
      • 2122 28 Cm FUGMT ETA FLIGHT ETC LH9762 0630 $0326 1345 WW* 6*7362 22H 5025 0630 1*7305 2255 0T62 2215 LM778 1555 U438t 2255 LM9770 2300 U4676 1555 0T5 2255 $0229 2300 $***** 1555 LH779 2305 $023 0605 6*974 000 LH97« K1837 (450 KL638 2255 $0125 1620 $*****
        2,122 words
  • Page 21 Advertisements
    • 20 21 k 4 fl| fljk 1 1 m 'm# i w| SIA to launch non-stop flight to New York back page
      20 words
    • 304 21 Cosco Group following'coa Wefjle's S-ngWora from May 19*>» move to chairman of Cosco America. rf> Executive vice-president Ma Zehua appointed Dr Guo Huaw«l as /h/MaytoAtfus^^ director, replacing Liang OITn/MJOTTIIHMMII lIHHiIMM I CHARLES Taylor Consulting has May 24: Legal issues in Freight appointed David Atwyn as South- Management (R5/5-2004) east Asia/Australia
      304 words

  • Page 22 Advertisements
    • 613 22 IMPORT NORTH AMERICA |[~|f AUSTRALIA/NEW ZEALAND Imipgp ftmrra c gyftfMßftft «aav\ """'1 AIEffTRAtIA 3SBK EXPRESS (AAX) LOS ANGEIiS EXPRESS 04W16 21/04 09/05 H/OS M VOT BNE SYD MEL API FRE SIN WO PtO NEDUOYD SOUTHAMPTON 41W17 28/04 16/05 11/05 PtO NEDUOYD XIAMEN 76N OMIT 20/04 23/04 25/04 30/04 04/05 05/05
      613 words
    • 517 22 Lines services represented by frfSSKtt Members of the Registry of Accredited Shipping Agents, js Singapore Shipping Association HH ULY UNI MALE VOY ETA HA ETA P. KLAHG SPOKE MALE Princess Uly 0304 04/05 06/05 14/05 Mold Star 548 10/05 13/05 22/05 Kota Teraju TRJOBI 23/05 03/06 ULY MARINE SERVICES PTC
      517 words
    • 6 22 Members of the Singapore Logistics Association
      6 words

  • Page 23 Advertisements
    • 700 23 MOi Combines a range of shipping modes to ensure timely, reliable services covering major ports in Norm America, Europe/ Japan, Asia, Africa A Oceania. Atsa accspt htm-Asia Cargo** to: BUSAN KWANGYANG SHANGHAI YANfIAN XIAMEN QMGDAO BHAWAN JAKARTA SURABAYA KAOHSUN6 BANGKOK LAW CHABANO BOtjjßjM PASffi 6UDANC PBIANO PORT KftAMG For Schedules,
      700 words
    • 1278 23 GENERAL AGENTS IN SINGAPORE U BAmKQIIAY<fI6-01 SALES/BKGS TEL 6420 5857 43 FAX: 6238 5321/24 COSTAR SHIPPING PTE LTD HONGLEONGBUILDING OUTWARDS W20M02 *****325/75 CR NO. **********0 M SINGAPORE *****1 INWARD (tVO) 6420 5786 *****319/49 iruirto.c TFI IOQO (MAIN) T/SHIPDEP *****825 *****316/46 ILL 6226 I TOO (MAIN] conventional *****850 *****208 COSTAR AGENCIES
      1,278 words

  • Page 24 Advertisements
    • 1552 24 ©ft EI mi A C ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: (MmasOtMmu.cofti.sfl U C IVIHO DOCUMENTATIONS/OPERATIONS: *****037 FAX: *****177 MUMS OQSSIMM IMS Rll CONTAINER SERVICE TO WEST AFRICA vta EUROPE 1 VESSEL YOY SINGAPORE PORTKELAMC LIHAVRE DAKAR lANJUI NOUAKCHOTT CONAKRY Hyundai Indnndwiti 320W 03/05 04/05 19/05 31/05 06/06 02/04 03/06 Hyundai
      1,552 words
    • 692 24 BSA a. I WET*TT I 9S i nVSWT Il I S ITS3S!^^Hr MYANMA BDE FIVE STAR LINE (Myanmar Notional Lino) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 328W SID HPA-AN 320W SLO SID IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL CBO
      692 words

  • Page 25 Advertisements
    • 1450 25 I VESSEL VOY SIN PKL PXB BAB PMM BIK CHABAHAR KHORRAMSHAHR| IRAN HORMOZGAN PCL367 07/05 08/05 16/05 17/05 24/05 26/05 28/05 30/05 IRAN SATTARI PCLBO3I 15/05 16/05 25/05 26/05 02/06 04/06 06/06 08/06 IRANSHAHRYAR PCLBO33 23/05 24/05 02/06 03/06 10/06 12/06 14/06 16/06 IRAN KERMAN PCL37O 29/05 30/05 06/06 07/06
      1,450 words
    • 491 25 J k UK CONTINENT SERVICE Loading for ATERMON RTM/ATW/B M N/U K/N AN KEELUNG RTM/ATW/B M N/U K/N AN 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 J SAFE DBI/ABU/DOH/BRN/DMM/KWT •Loads Singapore, EVW. Malaysia. Indonesia USA SERVICE Loading for SPLIT CAM/NOL/NFK/SAV/TPC
      491 words
    • 741 25 VESSEL VOY SIN PGU VESSEL m SIN JUT PAC RANDA 1203N 04/05 07/05 MATAKAW MP _J2M 04/05 01/05 P»C »mp» IIO4N 08/05 09/05 ALAMJAYA 2 MSi MM 11/H5 PAC lANOA 1205N 10/05 10/05 PAt tIMTAM SliZ 10/fIS 12/0S PAC RANDA 12&N UM 11/05 MATARAM EXP 3005 12/05 14/05 p*c lANDA
      741 words


  • Page 27 Miscellaneous
    • 118 27 5 FOR 7AM 4 May 2004 Issued by Meteorological Service Division,NEA LEGEND: K Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds Rain On® half fleche represents 5 knots Cloudy Day —One full fleche represents 10 knots Hazy M)ne solid triangle represents
      118 words

  • Page 28 Advertisements
    • 97 28 A tiUBWIIMMMWWWIB m Melbourne. The thrice weekly services wi* operate from VIENNA SINGAPORE MELBOURNE using the yhc new > /m Bo«*ng 777,200 aircraft J EFFECTIVE 3* JUNE 2004 www.austrianairMncs.com \arO\/ MM Definition Flight No. Day* Of Operation Departure Tim* Arrival Time way t(J»Q mG*nm-*omA osoot wbxfw.su* oohmrs o«oh*s VOMA SMGAPOK
      97 words