The Business Times, 19 May 2004

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Total Pages: 50
1 50 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 023/03/2004 85c SINGAPORE li .turret: titlr,'/business-times.asial .com.sg WEDNESDAY, MAY 19, 2004
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  • 823 1  -  BT exclusive It's working on 3 Reit offerings, including one on financial products By Kalpana Rashiwala [SINGAPORE] A major player in real estate investment trusts, or Reits, is waiting in the wings. Mapletree Investments, a fully owned subsidiary of
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  • 557 1  -  But economy's dependence on exports still poses dangers to lasting recovery Front Anthony Rowley in Tokyo JAPAN'S economy grew a sharper than expected 1.4 per cent equivalent to a 5.6 per cent annual rate in the first quarter of this year, as exports,
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  • 392 1  -  They gain only 1% in technical rebound after falling 3-4% on Monday By R Sivanithy [SINGAPORE] Who's afraid of rising interest rates and oil prices? Investors in Asian stocks, apparently. Although most regional markets stabilised yesterday after the beating they took on Monday,
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  • 76 1 «n 1,722.80 (+22.47) ST INDEX FUTURES 1,722.00 (+26.00) SIMSCI 209.60 (+2.52) SIMSCI FUTURES 209.60 (+3.00) Tuesday Change KLSE COMP 783.27 +122 NIKKEI 225 1U.711.U9 *206.04 HANG SENG 11.***** +104.74 SET INDEX 582.51 +0.90 JAKARTA COMP 676.15 +7.68 MANILA COMP 1,476.08 -10.91 TAIPEI WPI 5.557.68 +74.72 SEOl'L COMP ***** +13.01
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  • 73 1 FOREX RATES US$ 8$ US$ (S$ per US$) 11.724 £(l'SS/SS per 1.764 3.041 ei:ro(iss/s$/e) 1.201 2.070 YEN 113.8 66.00 RM 3.800 2.204 HKS 7.800 4.525 BAHT 40.82 23.68 Rl'PIAH 9,080 5,267 RENMINBI 8.277 4.801 INDIAN RUPEE 45.48 26.38 AS 1.454 0.843 NZS 1.664 0.966 PRIME RATES SINGAPORE 535 MALAYSIA
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  • Page 1 Advertisements
    • 179 1 |Hr^r. 9"% V Jft jjj I jpk Ik; BBMB JHk flj mm m jj|* g ■MKr B H ll■ H■% H Hft B Refined and engaging. v At first glance, the Saab 9-5 Aero is stunningly refined with sleek side skirts, headlights. Engage High Output Turbo that 350Nm but no
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    • 13 1 8 JH Mapletree Hignalw more acquisitions with plansfor $lb logistics Reit, Pg 2
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    • 27 1 INSIDE WAGES S'poregovtto pay extra half-month salary in July PgB EXEC MONEY Absolute return funds escape bloodbath Pg7 NEWS ANALYSIS New CEO's challenge in remaking Khazanah Pg9
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  • NEXT page
    • 538 2  -  Purchase will include some of Big Blue's operations in S'pore By Raju Chellam [SINGAPORE] The world's largest chip assembly and testing company, US-based Amkor Technology, is getting bigger. It is buying IBM's overseas chip facilities, including those in Singapore and China, and striking
      538 words
    • 889 2  -  BT exclusive And its interest is not confined to Singapore alone By Kalpana Rashiwala [SINGAPORE] When Mapletree Investments was set up in late 2000, its mandate was to hold the non-port properties of PSA Corp. But those who had expected
      CHRIS LOH  -  889 words
    • 495 2  - Found a better crystal ball for S'pore electronics cycle EYE ON THE ECONOMY MAS to adopt index formed from US and local indicators to forecast domestic electronics output By Anna Teo [SINGAPORE] They are excellent barometers of the manufacturing sector, but not particularly good leading indicators of the electronics cycle,
      495 words
  • Page 2 Advertisements
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  • SINGAPORE companies
    • 524 3  -  Market wondering if UOB will accept Temasek's bid for UOL now By Kenneth Lim DRAGGED down by negative market sentiment, shares of United Overseas Land threatened to fall below Temasek Holdings' offer of $2.26 yesterday and raised new questions on whether United
      Source: Bloomberg  -  524 words
    • 424 3  -  By Kalpana Rashiwala THE Hour Glass and John Glajz are effectively selling an 80 per cent stake in their retail jewellery joint venture, Mondial Jewellers, to two parties a major diamond wholesaler and a group linked to a large Indonesian
      FILE PHOTO  -  424 words
    • 697 3  -  HOCK lock siew ven sreenivasan SINGAPORE Airlines has decided to chart the same course as some of its rivals in tackling the problem of high fuel cost. It is banking on fuel surcharges to defray the extra cost. From next Monday, SIA passengers flying
      697 words
    • 417 4  -  Move will put company in a position to declare 'dividends sometime in the future' By Serena Ng DATACRAFT Asia yesterday announced a surprise capital-reduction plan to clean up its accumulated loss account and said the move would pave the way for it to declare dividends
      417 words
    • 307 4  -  It reiterates intention to help troubled company restructure its debts By\ Serena Ng PRIVATE company Ariel Singapore said yesterday it will be a "white knight" to debt-laden Ho Wah Genting International, whose shares have been suspended for almost three years. Ariel Singapore is
      307 words
    • 340 4  -  By, Joyce Koh FROM filling the shelves at NTUC and Giant supermarkets, Akira has now also lifted the fortunes of the company behind it. Mainboard-listed TT International yesterday unveiled a one-for-five bonus issue as it reported a 122.7 per cent rise
      ARTHUR LEE  -  340 words
    • COMPANY Briefs
      • 101 4 Bloomberg STAR Cruises, the world's fourth largest cruise line operator, returned to profit in the first quarter, thanks to cost cuts. Net income was US$1.24 million compared with a loss of US$2.2 million, the Hong Kong-based company said in an e-mail statement.
        Bloomberg  -  101 words
      • 75 4 Bloomberg ST Engineering, South-east Asia's top defence company, bought 21 per cent of Bournemouth Aviation Services Company (Basco) for £448,000 (S$1.4 million), increasing its holding in the venture to more than 80 per cent. ST Engineering bought the stake from FR Aviation, a unit
        Bloomberg  -  75 words
      • 55 4 MARKET sources say that institutional investors AIG, NTUC Income, Credit Agricole and Tokio Marine have subscribed for the initial public offering shares of Australia-based casino operator Lasseters International. Lasseters' offering of 45 million new shares at 23.5 cents apiece closes tomorrow, and is expected to start
        55 words
      • 66 4 NEPTUNE Orient Lines has appointed senior counsel Christopher Lau to its board of directors. Mr Lau is also a chartered arbitrator and a former judicial commissioner of the Supreme Court of Singapore. He has been in practice for about 30 years and is a
        66 words
      • 142 4 WEE Cho Yaw's Hotel Plaza said it will divest two subsidiaries. Wholly-owned subsidiary United Lifestyle Holdings (ULH) will sell its stakes in United BMEC and United Lifestyle Pte Ltd to Asia Pacific Venture Capital. ULH owns 73.75 per cent of BMEC and 100 per cent
        142 words
      • 70 4 COLOUR lenses maker Oculus Ltd narrowed its net loss for the first quarter to $310,000 from $710,000 a year earlier as its restructuring efforts paid off. The group's gross profit margin also improved due to higher earnings from coloured contact lenses. Turnover rose 15 per cent to
        70 words
    • 376 5  -  No provision in accounts despite unit's involvement in road collapse By Andrea Tan LUM Chang Holdings, which was involved in the Nicoll Highway road collapse, said it expects to report improved results for the year ending June. In the third quarter to
      376 words
    • 277 5  -  By Tang Weng Fai CHARTERED Semiconductor had its 888- credit rating affirmed by ratings agency Standard Poors (S&P) but with its outlook improved to stable from negative, the agency said yesterday. "The outlook revision reflects the expected improvement in Chartered's cash flow
      277 words
    • 437 5  -  Analysts see industry prospects of its main businesses as quite bright By Kenneth Lim SINGAPORE Technologies (ST) Telemedia's Tele Choice International has lodged a preliminary prospectus with the Monetary Authority of Singapore (MAS), putting it on the road to becoming the first publicly listed ST Telemedia
      437 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 36 4 I The problem is, sometimes obvious. But Z k Supply help you you your market, our sophisticated technology it's a practical approach. For more information, please ups-scs.com L What's wrong [jjj^j with this supply chain? i
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  • Page 5 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      523 6  -  Compiled by VEN SREENIVASAN TT International May 18 dosing 29J> cents TTl's FYO4 net profit was up 123 per cent at $26.8 million, slightly below our forecast of $27.7 million. The result included a $10.3 million gain on the sale of its industrial property last year. TTl's balance
      Source: Bloomberg  -  523 words
    • 466 6  -  CHART POINT Lim Say Boon K Ajith OCBC Investment Research THE dead cat just bounced. And unfortunately, that suggests we're likely to see lower levels in coming days before we get a more meaningful rebound. The sharp falls in the Singapore market in
      Source: Bloomberg  -  466 words
    • 560 6  -  BT comment STOCKS r. sivanithy AFTER losing 200 points in two weeks of nearcontinuous selling, the Straits Times Index rebounded yesterday, gaining 22.47 points to 1,722.80, thanks mainly to rises in UOB, SIA and SPH. But traders are still smarting from recent price
      FILE PHOTO  -  560 words
    • 572 6 Reuters [LONDON] The yen rallied broadly yesterday on news that the Japanese economy grew faster than expected in the first three months of 2004 while the euro took a hit from signs of souring German economic sentiment. Japan's January-to-March real growth rate
      Reuters  -  572 words
    • TRADES TO WATCH
      • 60 6 UNITED Industrial Corporation said yesterday its unit UIC Enterprise bought 320,000 Singapore Land shares on May 14 and 17 for a total of $1.18 million, equivalent to $3.69 a share. UIC said the purchase raised its total deemed interest in SingLand to 71.04 per cent.
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      • 79 6 GOH Yew Lin (right), an executive director of GK Goh Holdings and an independent director of the Singapore Exchange (SGX), had his deemed shareholding in the exchange reduced by the sale of 600,000 shares at around $1.60 apiece on May 17 by private company GK Goh
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      • 52 6 SINGAPORE investment company Temasek Holdings' deemed interest in marine group Chuan Hup Holdings increased to 7.25 per cent from 6.95 per cent through the purchase of 3.37 million Chuan Hup shares by Nexgen Capital on May 5. Chuan Hup shares ended unchanged yesterday at
        52 words
      • 63 6  -  Compiled by SERENA NG THE executive chairman of Unisteel Technology, Bernard Toh, bought 200,000 shares of the harddisk drive fastener maker at $1.03 apiece on May 17. The open-market purchase raised his direct holding in Unisteel to 20.59 per cent, or about 50 million shares,
        63 words
    • Article, Illustration
      422 6 OTHER SINGAPORE INDICES May 18 VALUE CLOSE BTOB/OS -981.00 -179.00 BT CAPi -*****.00 -12.00 BTKMUyMA -98.00 All-SG Equities 461.55 +3.36 SGEquibtsJOect 152.09 -H.80 SG Equities Fin 1438.74 +14.39 SG Equities Prop 387.11 +6.93 SIMSCI 209.60 +2.52 SiMSCi Futures 209.60 +3.00 Stock* Vokm ChinaCast US8c 50.215,000 SingTel 15c 37.904.000 PanpacMedia Grp
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  • EXECUTIVE money
    • 1131 7  -  Absolute return funds appear to have fared better than most asset classes which took a beating in April. Genevieve Cua takes a closer look Genevieve Cua AT a time when markets appear to be floundering, a fund that promises an absolute return appears to be an
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    • 335 7  -  By Genevieve Cua DBS Market Research has forecast a 75 basis point hike in US interest rates this year, and another 225 basis points between 2005 and 2006. The forecast is one of the more aggressive so far, and this
      335 words
    • 585 7  -  By Genevieve Cua SCHRODER Investment Management staged a coup of sorts recently, when it raised $35 million for its fund of hedge funds (FOHF), despite setting a substantially higher investment minimum of $50,000. While the amount raised pales in comparison with some recent equity
      ARTHUR LEE  -  585 words
  • Page 7 Advertisements
    • 15 7 Lianhe Zaobao s "greater I cooperation I 1 S'pore I 111 firms I I is
      15 words
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  • SINGAPORE news
    • NEWS Roundup
      • 93 8 PRUDENTIAL Assurance Company Singapore has named its CEO, Ed Navarro (right), as senior director of insurance at Prudential Corp Asia. In his new role, he will oversee Prudential's insurance businesses in Taiwan, Singapore, Malaysia and Hong Kong. Mr Navarro will retain his chief executive officer
        93 words
      • 155 8 VALUAIR said its first "women's only" flight to Hong Kong on May 21 will provide more than just free make-up services. It is offering a higher baggage allowance of 25kg (instead of the usual 20kg), five-minute rejuvenating hand massages and personal grooming talks on skin
        155 words
    • 518 8  -  Mid-year variable payment is month more than last year's By Chuang Peck Ming TAKING the lead in heeding the latest National Wages Council recommendations, the government will pay civil servants an additional half-month's salary in July in the form of a mid-year annual
      FILE PHOTO  -  518 words
    • 684 8  -  Hedge funds have $2.5b assets nnder management here By Siow Li Sen THOUGH barely six months old, hedge fund Aman Capital already has about US$25O million of assets under management (AUM), or 10 per cent of the industry's total. This is
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    • 358 8  -  They expect back-office ops to be farmed out in next 5 years By Taila Krishnakumar BUSINESS process outsourcing (BPO) looks like it's here to stay. More than 50 per cent of Singapore companies surveyed recently said their back-office operations will inevitably be outsourced in
      358 words
    • 74 8  -  MAIL bag Ee Peng Kee Company secretary Acma Ltd WE refer to the letter, "Shorter time to hold AGMs has downside" (BT Mailbag, May 17), by Denis Distant. Our registrar, BACS Pte Ltd, has confirmed that it despatched Acma's 2003 Annual Report
      74 words
  • Page 8 Advertisements
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  • REGIONAL news
    • 471 9  -  Foreigners now own 15% of telco, which has a market cap of about RM30b From Eddie Toh in Kuala Lumpur THE recent entry of Singapore investment company Temasek Holdings as a substantial shareholder of Telekom Malaysia has boosted foreign ownership in the country's
      471 words
    • 488 9 NEWS analysis Analysts wonder how Azman will balance the investment vehicle's role of making profit without sacrificing social responsibility AZMAN Mokhtar is the man to watch in the next few months. He assumes the position of CEO of national investment vehicle Khazanah Nasional Bhd
      488 words
    • 489 12 NEW DELHI Reformist Manmohan Singh may become the prime minister AP Reuters SONIA Gandhi announced yesterday she would not become India's first foreignborn prime minister, stunning her supporters and the nation. "The post of prime minister has not been my aim,"
      AP; Reuters  -  489 words
    • 406 12 SHANGHAI Bloomberg GROWTH in China's fixed-asset investment slowed in April, suggesting that a government clampdown on industrial expansion is working. Investment in factories, bridges and other fixed assets, which accounts for almost half of the world's seventhlargest economy, rose 35 per cent from a year earlier
      Bloomberg  -  406 words
  • Page 9 Advertisements
    • 388 9 HKCHHppiH Call toll-free 1800 289 8822 GREAT EASTERN HOLDINGS LIMITED LOST SHARE CERTIFICATES The following share certificate has been reported lost, mislaid or destroyed by the shareholder:Certificate No No of Shares of $1 each In the name of 0006 1,280 PricewaterhouseCoopers Nominees Pte Ltd Notice is hereby given that a
      388 words
    • 347 9 •WM Wk -WL I J SK Vx n I 1 m m M mki a m M w j3t& THAI'S BUSINESS CLASS SKCIALS MAY 2004 JAKARTA HONG KONG CHENGDU GUANGZHOU KUNMING $549 $1349 $1349 $1349 $1349 (■Mm n- -r 4. .V ir.a f. •;'i XIAMEN BEIJING SHANGHAI WAN SEOUL $1349
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  • EDITORIAL & opinion
    • 794 10  -  THE bottom line OPINION frank ching THE Bush administration, while recognising that the situation in both mainland China and on Taiwan has changed dramatically over the last three decades, has decided to stick to its "one China" policy, despite admitted problems and inconsistencies. When
      794 words
    • 62 10 There's definitely some young blood in the system. It's really the young collectors getting involved, and new people from Wall Street buying. It's a new world, post 9/11, and people aren't looking to save. They're looking to live.' David Mugrabi a US art collector, on recent works
      62 words
    • 594 10 EDITORIAL SONIA Gandhi whether or not she accepts the office of prime minister of India faces an uphill task in persuading investors to stay put in India's latelyvolatile capital markets. Nearly US$BO billion in market value has been wiped out since exit polls on April
      594 words
    • 905 10  -  It's not true that the rural Indian masses have not benefited from the economic boom. Figures show otherwise By Sebastian Mallaby LAT-WP [WASHINGTON] When he was young and so was India, Jagdish Bhagwati left Oxford to work at the Indian Planning Commission. He was assigned to grapple
      LAT-WP; REUTERS  -  905 words
    • 600 10  -  COMMENTARY Gold, touted as a shelter, has been caught up in storms By Chet Currier Bloomberg FOR the best of times and the worst of times in investing, nothing beats If you catch the market right, you can have the thrills and the chills simultaneously. Right now,
      Bloomberg  -  600 words
    • 534 11 MACAU Gaming magnate Sheldon Adelson to invest at least US$1.1b over 20 years Reuters LAS Vegas gaming magnate Sheldon Adelson threw open the doors to his sprawling new casino in Macau yesterday, breaking a lucrative monopoly on the business held by powerful
      Reuters  -  534 words
    • 399 11 BANGKOK THAI hospital operators have asked the government to move quickly to draft a comprehensive marketing strategy to promote the kingdom's medical services abroad if it is to stay ahead of rivals like Singapore, The Nation reported yesterday. "Singapore is one of
      399 words
  • Page 10 Miscellaneous
    • 169 10 CRYPTIC CROSSWORD 27 7 Paper work I'd ge. in order YESTERDAY'S SOLUTION mains to be seen (7) L u Across. 1 Capitulate, 6 Spud, 9 28 Stacks of chalk required by 8 Botch-up makrng beer for a Rotary Club, 10 Veal, 12 Smaldressmakers? (7) cockney (4,3) 'holding, 15 Excise, 16
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  • Page 11 Advertisements
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    • 790 11 Tantalising deals from for BT readers This week, we feature three Japanese dining establishments which offer readers a chance to walk away with $500 food voucher at the grand draw on July 21. To qualify just fill up a lucky draw form at the restaurant Also, from now until June
      790 words

  • Article, Illustration
    1063 12 Transaction date: May 18 INTERBANK CROSS RATES AS CS Rmfa Euro HK$ Ind Rs Ruplah Yen Won RM HZS Pak Rs Peso S$ Rand Sfr NTS Baht Pound US$ Australia 0.959 5.693 0.573 5.365 31.279 62.452 0.782 8.129 2.614 1.145 39.707 38.396 1.186 4.672 0.879 23.158 28.073 0.390 0.688
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  • 1629 12 5IC0M FUTURES May 18 RUBBER Futures (Dosing prices) RSS1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 04 234.75 Jul 04 ***** Aug 04 232.75 Sep 04 231.75 Oct/Dec 04 231.75 Jan/Mar 05 233.50 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
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  • WORLD news
    • 679 13 LONDON Country's spare output is heavier crude suited for heating oil rather than petrol FT Reuters AS pressure builds on Opec to dip into some of its spare production capacity, Saudi Arabia, the world's largest oil exporter, will be able to do
      FT; Reuters; Photo AFP; Source: Reuters  -  679 words
    • WORLD Watch
      • 83 13 Reuters [NEW YORK] A judge on Monday upheld a US$l billion jury verdict against Wyeth in a landmark trial over the "fen-phen" diet drug cocktail, according to lawyers representing the family of a Texas woman who died years after taking it. A jury in Beaumont,
        Reuters  -  83 words
      • 75 13 Reuters [NEW YORK] Europe's largest computer consultancy Capgemini and Texas power company TXU Corp have formed a venture valued at more than US$3.5 billion to provide business services to utility firms, the firms said yesterday. Under the 10-year agreement, 2,700 TXU employees will move to
        Reuters  -  75 words
      • 65 13 Reuters [SAN FRANCISCO] Motorola named Michel Mayer, the former general manager of IBM Microelectronics, as chairman and chief executive of its microchip unit, which is set to be spun off later this year in an initial public offering. Mr Mayer, a native of France,
        Reuters  -  65 words
    • 362 13 TOKYO Reuters Bloomberg JAPAN'S biggest maker of slot machines, Sammy Corp, will acquire oncemighty video game developer Sega Corp in a stock deal worth US$l.4 billion, the companies said yesterday. The combined companies' annual sales will exceed 440 billion
      Reuters; Bloomberg  -  362 words
    • 404 13 WASHINGTON Bat level of activity points to healthy construction sector Bloomberg AP US housing starts fell 2.1 per cent in April, the third decline in four months, as higher mortgage rates deterred some homebuilders from beginning work on projects they haven't yet
      Bloomberg; AP  -  404 words
    • 622 14 ORLANDO, Florida Competitive market, budget pressure drive jobs to low-cost countries like India: Forrester NYT THE "offshoring" of US service jobs to lowwage countries is growing faster than previously thought, a leading research firm reported on Monday. Forrester Research, a technology
      NYT  -  622 words
    • 233 14 SYDNEY A$360m campaign aims to broaden country's image AFP AUSTRALIA yesterday moved to project a more sophisticated image of itself to the rest of the world, launching a As36o million (***** million) tourism campaign featuring art, literature and fine food. Shunning the
      AFP  -  233 words
    • 331 15 SAN FRANCISCO Cisco technology to combine with IBM software to tap growing market NYT IBM and Cisco Systems plan a joint development to expand their reach into the Internet telephone market. Cisco will provide the phone and network technology and IBM win
      NYT  -  331 words
    • 166 15 AP [SAN JOSE, California] Cisco Systems is investigating how the code for some of its software that runs much of the networking equipment on the Internet was published on a website. The Wall Street Journal and The Washington Post reported that a Russian electronic security website
      AP  -  166 words
    • 262 15 AP Bloomberg [LONDON] Shareholders in GlaxoSmithKline pic approved a controversial pay package for chief executive Jean-Pierre Gamier after the drugmaker rewrote its remuneration report. About 51 per cent of shareholders last year rejected a proposal that would have paid Mr Gamier, 56, US$2B
      AP; Bloomberg; BLOOMBERG FILE PHOTO  -  262 words
  • 4366 13 UNIT TRUSTS FUNDS Indocam Asia Vision'" 0.944/0.992 DBS Asset Ntat ABN Amro Asset Mgt (S'pore) Shenton Twin Cfa 1165/122 Star Euope Eqty'"... 071/ Japan Growth!*'.. 0.82/086 Star Europe Bond 1.224/ Mendaki Cap Pro Fd 0 9813/ Star Euope Bal 1.016/ Shenton Thrift!" 187/195 S»Asan Tiger Eqty 0 768/ Shenton Income
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  • Page 13 Advertisements
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      202 words

  • 4676 14 Transaction date: May 18 HONG KONG Vol HK Exchanges Clearing. 14.60 -0.05 5476 t *i- •WO HKRInfL 1.99 0.04 1418 M Hong Kong Electric 30.00 -060 7364 AeonOedit 4.60 unch 96 Hongkong Chinese .0.90 0.02 426 Aeon Stores .4.80 -0.05 48 Hongkong Chinese Ltd .0.90 0.02 426 Alpha
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  • Page 14 Advertisements
    • 59 14 Where to wine, dine and entertain... t&m 7 www^Bnersxonug V mtmm x _1 "1 1 -t ■■'Zgtik Azuma Japanese Restaurant (6738 9395)... I delight in authentic Japanese Cuisine with my Diners Club Card us*) '<™e; I enera T&C apply.Promotion is valid on eve of Public Holiday, Mother's Day Father's Day.
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    • 31 14 ■m operation hours 1200hrs to 1430hrs 1800hrs to 2300hrs for dining reservation tel 6333 1 788 email rangmahal#htnd.com.sg The Pan Pacific Hotel Level 3 7 Raffles Boulevard Marina Square Singapore *****5
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    • 51 14 ~1 THE NEPTUNE T CO I I Y I R Q_ UA Y Dian Xin from the Summer Palace, CHENGDE at The Neptune 18 to 28 April 2004 Reservations: 6224 3203 /<S\ ctnywGuap Managed by Meritus Mandarin Singapore 7th Floor, Overseas Union House, Collyer Quay Singapore *****1 Tel: +65 6224
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  • 6827 15 Transaction date: May 18 52-Wk Tel Last Vol Day Lwt Quota GtOtv Mv GrYU Nat MCap High Law Coda Company Sata COOO! High Law Hyar Sato On fit HA 513 32.9 5834 A-SonicSc 35 unch 172 35.5 34.5 34.5 35 5 N9.7 0.7 12.4 118.5 8 5300 ABNAmroNLG
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  • 73 15 52-Wk T«l t«t Vol Day Last Qvot* GrOtv Dt» GrYM Met MCaa M0| law Co4t cowpif W- f000) H0i tow him Sdhr CV WE Si3i 2060 2000 6065 Diamondi US2060 2120 9800 6095 IS DJ US Tedi US3740 6097 ts MSG Spore US555 6101 ISSAP500 US8270 ***** 9650
    73 words
  • 1918 15 a-m Tel Last Vol Day Last Quote GrfMv Df* GrYM Mat MCac M0i Lai Ci* Cawpiy Sat* W- (H» law l»>«r Safcf Cvr Wt Si3 26 10 5000 ABR Htdgs 5c 14 12 16 27 42 15 2101 APOM5C 30 +05 31 30 28 275 30 5 N9.1
    1,918 words
  • 346 15 tt-Mt Td Lvt Vol Day Last Quote GrOiv Div GrVM Met MCa Low Cod» Coim—y M« W- am Low —»r Sdtoc Cvr HE 228 118 6000 AVJennings A25c A209 +1 53 209 208 208 210 40 8 8 4.8 7.9 449 8 6001 CathayPac20c HK720 265 2.1 7.4
    346 words

  • BT motoring
    • 722 16  -  Customers are finding today's luxury SUV as comfortable as a top sedan. SAMUEL EE reports SAMUEL EE Luxury sport-utility vehicles are seeing phenomenal sales in Singapore, with the Lexus RX3OO leading the pack. A total of 509 units of the Japanese SUV were sold in
      FILE PHOTO  -  722 words
    • 778 16  -  Honda Diracc is expanding operations despite sceptics By Samuel Ee CAR-SHARE operator Honda Diracc is steadily expanding its fleet and the number of car ports despite indications that the petrol-electric hybrid car being used may not be the right choice of vehicle.
      778 words
  • 2442 16 Transaction date: May 18 KUALA LUMPUR uq| Genting 14.50 -0.20 1185 RM C000) George Kent _....0.79 -0.02 60 Globetronics T ech 0.51 -0.03 4123 A 4 M Realty 1.37 -0.03 26 -"5 Abric 0.59 unch 144 GoWBndge Engrg .0.41 undi 323 ACP Industries 2.02 -0.06 24 rom, r 1.'
    2,442 words
  • 853 16 Transaction date: May 18 ttxfcn— m O—« Change itediiMt WW Ow Change AllgreenSOc 0.31 0.9*5 +0.030 NOt 145 24)10 *0 060 BILIntl U520c 0.38 0.700 OCBC 924 11.700 CapitaLand 0.96 1260 *0.060 Parkway H 25c 0.58 1400 *0.010 Chart SemiCond 26c 1.19 1 350 People's Food HMOc 047 1.360
    853 words
  • 828 16 BONDS WARRANTS Taf Last Vol Com bar Dim Gear- Mths Coda C—nwy Sala +f• OOP) MWo Prteo h»j Left 3779 ASL Marine HtdgsWO0O4O1 13 unch 60 1 53 43 3.54 47 3698 ASH W*****1 31 -1 3 1 16 -6 1.61 1 3697 Acma Ltd W*****6 JUS 1 50 742
    828 words
  • Page 16 Advertisements
    • 167 16 Gone in 50 minutes in IB: $130,000 car (SPH The Straits Times: May 3, 2004) Facts: An average of 2 vehicles are stolen every hour in Malaysia. The number of Singapore cars stolen in Malaysia is increasing every year. It will only take a few minutes for a thief to
      167 words
    • 34 16 I 1 125 Years I |over4ooloc^ Ask u« about Corporate, Individual or Group Instruction. H 2 Call Berlitz today 6733-7472 or visit www.beriitz.com H jj 501 Orefmrt Road 003-03/04 Wheelock Place Singapore *****0 H
      34 words

  • SHIPPING TIMES
    • 307 17 Reuters [TOKYO] Panamax dry bulk rates will probably drop further this week, continuing the fall seen since a record high three months ago as Chinese demand for grains and minerals declines, brokers said yesterday. Panamax rates have been hit by a halt to some Chinese soybean shipments and
      Reuters  -  307 words
    • 292 17 SGX '000 May 18 SS W- Vol CH Offshore .0.35 unch 3025 ChuanHup .0.48 unch 513 Cosco Investment JO.73 0.01 ***** CWT Distribution _0.50 unch 0 Ezra Hldgs —0X7 -0.01 106 FreightUnks ....0.10 -0.01 151 GB Holdings .0.73 unch 0 Java Holdings .0.75 0.02 3212 K1 Venture 0.2S
      292 words
    • 487 17  -  New IMO rules and conference in S'pore on ballast water management timely Reports by George Joseph [SINGAPORE] Marine organisms deposited in Seychelles waters by cargo ships are threatening to hurt the Indian Ocean islands' vital fishing industry, highlighting once again the perils
      487 words
    • 103 17 Source: Naval Pacific Meteorology and Oceanography Center Joint Typhoon Warning Center. Typhoon Nida, which left a handful dead and over 11,000 people displaced after it lashed the east coast of the Philippines from late Sunday, is shown in a satellite photo taken on Monday. Moving up the
      Source: Naval Pacific Meteorology and Oceanography Center / Joint Typhoon Warning Center.  -  103 words
    • 211 17 Bloomberg [NEW YORK] OMI Corporation, owner and operator of 37 tankers that carry crude oil and refined petroleum products, said it has entered talks to buy Greek tanker owner Stelmar Shipping in a stock and cash transaction. Stelmar shareholders would have the
      Bloomberg  -  211 words
    • 219 17 [SINGAPORE] The second International Conference and Exhibition on Ballast Water Management begins here today, with some of the foremost experts and scientists working on the most efficient way of treating ballast water assembling in Singapore for the first time. The three-day event is
      219 words
    • 422 17 Court to decide on compensation for work done on shipwreck Reuters [NORFOLK, Virginia] A federal judge said she was unlikely to grant ownership of nearly 6,000 Titanic artifacts to the company that holds sole salvage rights to the sunken luxury liner. Officials from
      Reuters  -  422 words
    • 725 18  -  STRAIT TALK By David Hughes NEXT week will see many key players of the shipping world coming together in Singapore. The Asian Shipowners' Forum will be meeting and representatives from the Round Table comprising the big shipping industry organisations
      AFP  -  725 words
    • 187 18 PAGE Alianca 3 AAL 5 Avant 6 Bank Line 4 B'tang Mas 5 BSA 4 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 China Shpg 5 Confer 6 Crocodile Line ....4 CWTGlobelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines
      187 words
    • 12996 23 THEBUSINESSTIMES EXPORT I I I 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 To ABIDJAN (ABJ) 2003 Cot* D'lvolra To CALCUTTA (CCU) 2062 India 26/05 30/06 Del mas LA PAL0MA 307W 65-*****344
      12,996 words
    • SHIPS IN PORT
      • 539 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E4123 J3 A/SIDE 19/05 0230 CEC LIBERTY 9540 J13 A/SIDE 19/05 1200 CECM FLOWER 014N J7 A/SIDE 19/05 0600 LONG FU 01 OA J8 A/SIDE 19/05 2300 OCEAN AUSPIC 2 J4/5 A/SIDE 19/05 1200 PNSTAR 18E4P J2 A/SIDE
        539 words
      • 1576 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr AlFARAHIDI C287E C287E 1 22/05/2004-19:00 23/05/2004-06:00 Al SABAHIA C295W C295W 1 22/05/2004-15:00 23/05/2004-03:30 ALAMJAYA 2 8896N 8896N 1 21/05/2004-23:00 22/05/2004-07:00 ANDA 4119 4119 1 19/05/2004-02:00 19/05/2004-10:00 K22 AFL CHIWAN 021W
        1,576 words
      • 143 25 May 20 Belgium: Ascension Day. France: Ascension Day. Germany: Ascension Day. Indonesia: Ascension Day. Netherlands: Ascension Day. Norway: Ascension Day. Sweden: Ascension Day. Switzerland: Ascension Day. May 24 Canada: Victoria Day. May 26 HK: Budha's Birthdy. S.Korea: Budha's Birthdyh. May 30 Germany: Whit Sun. Netherlands: Whit Sun. Norway:
        143 words
      • 793 25 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        793 words
      • 626 25 Carbon 180 Max 989.6 0.6 14.5 0.06 38 0.04 Ma 13 tensity Water Residue AshAlumlnlum Sediment No above E25 0 0 0 0 0 0 380 Ave 985.9 0.2 13.9 0.04 25 0.02 Ex,on 380 Ma* 993.2 0.7 17.8 0.07 68 0.04 K6/M»3 v/y M/M m/m
        626 words
    • AIR & LAND transport
      • 577 26  -  BT exclusive S'pore carrier needs to expand fleet to make np for last year's lost growth By Donald Urquhart [SINGAPORE] Competitive threats from budget airlines, 6th freedom carriers and emerging air hubs in the region mean Singapore Airlines (SIA) must consolidate its core
        FILE PHOTO  -  577 words
      • 441 26 Its special interior delayed; claims LAX may not be ready for plane LATWP [LOS ANGELES] Virgin Atlantic Airways said on Monday that it was delaying by 18 months its plans to start flying the new Airbus A3BO super jumbo jet, mainly because it
        LATWP  -  441 words
      • 211 26 AP [WELLINGTON] Pacific Blue, a subsidiary of Australia's Virgin Blue budget airline, could begin offering domestic services in New Zealand by the end of 2004, local media reported yesterday. "We have an airplane that is unallocated for the fourth quarter
        AP  -  211 words
      • 236 26 Bloomberg [TOKYO] Japan Airlines System Corp (JAL), Asia's largest carrier, may lose 18 billion yen (*****.8 million) from its current profit, or pretax profit from operations, if the average price of jet fuel remains at US$4O a barrel this year. Higher fuel price is
        Bloomberg  -  236 words
      • LOG Book
        • 71 26 Bloomberg [TOKYO] Airbus SAS, the world's biggest commercial planemaker, may increase the value of contracts awarded to Japanese aerospace companies to US$2 billion within 10 years, chief executive officer Noel Forgeard said. By comparison, US suppliers carry out about US$5 billion to US$6 billion
          Bloomberg  -  71 words
        • 80 26 Bloomberg [VIENNA] Austrian Airlines Group, owner of Austria's largest carrier, said passenger traffic climbed 34 per cent in April after the company cut fares to attract more passengers and added flights. The number of passengers on the group's scheduled flights rose 21 per cent
          Bloomberg  -  80 words
      • 210 26 AP [WELLINGTON, New Zealand] New Zealand and China have completed an air services agreement that removes restrictions on air travel between the two countries, a New Zealand government official said yesterday. Among several changes, New Zealand and Chinese airlines can
        AP  -  210 words
      • 473 26 Earnings may hit RM144m as travel rebounds: analysts Bloomberg [KUALA LUMPUR] Malaysian Airline System's (MAS) fiscal fourth-quarter profit may have surged 63 per cent as faster economic growth increased demand for air travel and freight after last year's Sars outbreak abated. The
        Bloomberg; FILE PHOTO  -  473 words
      • 169 26 Reuters [BANGKOK] National carrier Thai Airways International reported an 11 per cent increase in secondquarter net profit, helped by a global travel recovery. Thai Airways, a barometer for the health of Thailand's tourism industry, said it made a net profit of 5.32 billion baht ($130.3
        Reuters  -  169 words
      • 2130 26 CITY FLIGHT ETA FLIGHT CTD GA840 1725 6*841 1825 AMMl 8*7381 1840 LH9TT0 2300 ****** 1805 S0M8 1900 LH9771 1840 $0229 2300 SOW 2210 *****0 M5 0F81 1840 Detroit NVH OKK NW12 0615 MZ3 "«> OMl S043S 0550 S0436 2030 Amsttrten S023 0620 KL838 2255 Mm
        2,130 words
  • Page 17 Advertisements
    • 10 17 Buy A 330-200, A 340-600, Airbus proposes to SIA BACKPAGE
      10 words
    • 15 17 MAS Q4 pram AAAM Wi» HiffV AM seen rising chi strong sales m n*pi/ n*pr
      15 words
    • 129 17 SHNfIfIHHHHHHfi Call 100-frw 1800 289 8822 I GLORY SHIP MANAGEMENT j PTE LTD We invite applicants for the following position(s) J Working experience in tanker operations, supervision of loading discharging, safety audits, etc., Previous M experience as Master or Chief Officer onboard 9 tankers required. Knowledge of charter parties, laytime
      129 words

  • Page 18 Advertisements
    • 904 18 I TO USA/CANADA I I EXPORT I OTHER DESTINATIONS I IvßSa IVOY PRO Iff! illll LONG KAod PAIIASI HOUSTON I MEMPHIS IOKABOI TO AUBTRAUA (AUSTRALIA ASIA EXPRESS) PlO NEDUOYD SOUTHAMPTON 42E21 18/D5 H/05 j M/ 04 08/04 11/06 09/06 09/D4 12/06 jig yss£ VOT "nTST PRG FRE WK STP MR
      904 words
    • 528 18 /g&flX Lines services represented by Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association g ULY LINE MALE fVESSEL VOY ETA ETA ETA P. KLANC SPORE MALE Kota Teraju TRJOBI 27/05 07/06 Mold Carrier 747 01/06 30/05 08/06 Princess Lily 0404 06/06
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  • Page 19 Advertisements
    • 789 19 MOi Combines a range of shipping modes to ensure timely, ratable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also accept htra-Asfa Cvjns to: iUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGDAO lEUWAN J JAKARTA SURAIAYA KAOHSwNG lAHGKOK lAEM OUIAHG HOCMMBtH PASW GUPANG roiAMG POtT KELAHG For Schedules,
      789 words
    • 1657 19 ADDITIONAL NEW WEEKLY "ADX" SERVICE TO EAST MEDITERRANEAN ON EVERY FRIDAY GENERAL AGENTS IN SINGAPORE: 16 RAFFLES QUAY #36-01 SAUS/IKGS TEL *****157/43 FAX: *****321/24 I SINGAPORE TO ISIANMH. *15 DAYS S£ S !M PP,NG f ITD i™l, ?EF £g SHE I «M«" UMTS TEL 6220 If 00 (MAIN) T/SHIPDEP *****825
      1,657 words
    • 634 19 VESSEL »0T SIN JKT HKG I IMHI INC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS INC HYUNDAI MIO6E 077S 26/5 29/5 2/6 4/5 7/5 9/5 9/5 KMTC SINGAPORE 407S 23/5 26/5 27/5 1/6 5/6 6/6 »/6 HY VLADIVOSTOK 142S 2/6 5/6 9/6 11/6 14/6 16/6 16/6 KMTC
      634 words

  • Page 20 Advertisements
    • 954 20 en CI mi A C ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: dalmMOdrtinaa.coni.ag E L. IVIMO DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 MUUS WIST AfRKA EXPtiSS EXPRESS CONTAMR SERVICE TO SOBTH/WIST AFRICA VESSEI VOT SIN mUMtOW j LUANDA POIHTE NOME! MATAM LIMEVIUI AIIDJAM jIEMA 10ME jTItKAH ICOTOHOUI APAPAjDOUAIAj OMNE TAKOtAbT] 23/05 09/06 13/06 17/06
      954 words
    • 1334 20 WAN HAI INTERNATIONAL PTE LTD at NO: 14*»S*****0/R TEL:*****588 (HUNK) FAX:*****163 V\\M IMAM A I I IMEC Wr*t Lta (1800) *****200 I ffMil MMI LIIILJ naIB:mn4MMNUkm33(23OI ntlH: 104)2265mNUb|»4)22fM*9 JOHIH: (07) 2Sl*«3FAllo7)2sl*«lSaiß: (031) 3»5475fA1'(031) *****14/ *****05 JtT IE; (021) *****10 FAX: (021) S2S47MPUm: 71*300/71*301 FA* *****9 1 www.wannai.coin.tg aw. at <
      1,334 words
    • 672 20 BSA x MYANMA mm FIVE STAR LINE (Myoßmar National Line) Loading for Yangon VESSEL VOY SIN PKI PtN PGU PAGAN 328W $10 HPA-AN 320W SU> SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 Ml ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN P6U PKL KUC SUNNY HEART
      672 words

  • Page 21 Advertisements
    • 1425 21 VESSEL VOT SIN PKI DXB BAB DMM BIK CHABAHAR IKHORRAMSHAHRI IRAN TEHRAN PCL36B 16/05 SKIP 25/05 26/05 03/05 05/05 07/05 09/05 IRAN SATTARI PCLBO3I 21/05 22/05 30/05 31/05 08/06 10/06 12/06 14/06 IRAN SHAHRYAR PCLBO33 29/05 30/05 07/06 08/06 15/06 17/06 19/06 21/06 IRAN ISFAHAN PC1371 06/06 07/06 15/06 16/06
      1,425 words
    • 477 21 J k UK CONTINENT SERVICE Loading for ATERMON RTM/ATW/BMNAJ K/NAN KEELUNG RTM/ATW/B M NAJ K/NAN Loads Singapore, E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J FRIEND HDD/JDH/AQA J SAFE DBl/ABU/DOH/BRN/DMM/KWT PAN VOYAGER DBl/ABU/DOH/BRN/DMM/KWT •Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for SPLIT CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL "Loads E7W. Malaysia.
      477 words
    • 738 21 VESSEL VOY SIN POU J&HB *01 SIM JD PAC lANDA V2IOM 17/05 17/05 ALAMJAYA 2 M 4 16/05 10/05 PAC lANDA UUN !M5 18/05 PAC RINTAN S2« 2M15 21M PAC lANDA 1212N 10/05 20/05 i JMZ 23/05 2S/H W lANDA 1213N 20/05 21/05 MATARAM EXP 3006 25/05 27/05 PAC lAHPA
      738 words

  • Page 22 Advertisements
    • 698 22 ■HHHtiGEXKARL 187N 19-19/05 25-27/05 01-02/06 1 ■PHiPI TIGER SKY 188N 23-23/05 29-30/05 05-06/06 HLiUiiUI TIGER SEA 189N 26-27/05 02-03/06 08-09/06 1< 1 I'Mnr.HWM 190N 30-30/05 05-06/06 12-13/06 TIGER PEARL 191N 01-02/06 08-10/06 15-16/06 JUJllllilll'iM 192N 05-06/06 12-13/06 19-20/06 1 155 72-23/05 29-31/05 08-09/06 1 ■MMMMTIGER SPIRIT 087 27-28/05 03-05/06 13-14/06
      698 words
    • 1059 22 FREIGHT LINKS EXPRESS PTJkLTI* 51 Penjuru Road, 3 Level, f v Freight Links Express Logisticentre, Singapore *****3 r,: E-mail: flesin@singnet.com.sg LATEST LCL SERVICE TO BASRA, IRAQ LCL SIRVICI TO CHINA DALIAN XIAMEN NINGBO FUZHOU YANTAI PLS CALL FOR BOOKING 6267 4694/5535/5541/5508/5514/5551 /5560/5563/5565/5569/ 5553 PROJECT €r HEAVYLIFT CARGO Lawrence Lim 6267
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    • 1459 22 /T S'pori Agents: lAI SUppiaa Aaiacy (S) Ptt ltd (CR NO; **********0Z) \Tj {J I ISO lanokoli tank hiding, Singapore *****6 center as ia J~ines m untmm fw 6m 6433 ww»jmwmMmmmi| SUPER EXPRESS SERVICE TO HONQ KOWQ JAPAN vcsß Ivor osk iw sin tyo tor hro hOsSm wsb. Ivoriin fSjwHo^SffSH^wH
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  • Page 25 Miscellaneous
    • 127 25 FOR 7AM 19 May 2004 J Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers F u c rcle w/o line indicates calm or light and variable winds Rain O ne half fleche represents 5 knots Cloudy Day —One full fleche represents 10 knots x Hazy A -One
      127 words


  • BANKING & FINANCE
    • 443 27  -  By Siow Li Sen 5m iiTOTICE the number 11 swanky new cars I around Raffles Place l| and Shenton Way? It 1 may not be a scientific approach, but it's certainly a visceral feel of how the economic recovery has impacted the financial sector. Financial services have
      443 words
    • 1188 28  -  Even as Wee Cho Yaw faces off with Temasek Holdings in the bid for United Overseas Land, the United Overseas Bank chairman coolly signed a near billion-dollar deal for a Thai bank, and is already thinking of the next target to add to the group. A
      FILE PHOTO  -  1,188 words
    • 1567 30  -  In a frank and wide-ranging interview, S Dhanabalan speaking as chairman of both DBS Group Holdings and Temasek Holdings tells SIOW LI SEN about his role in DBS, why Temasek is making a bid for UOL, and why he thinks quarterly reporting is a waste of
      FILE PHOTO  -  1,567 words
    • 876 31 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 fine-tuning its focus on the region
      AP PHOTO  -  876 words
    • 1025 32  -  SIOW LI SEN finds out from consumer bankers that the deregulated market is no cake walk SIOW LI SEN WITH the recession behind us, one might think consumer bankers would be upbeat about their prospects. But Singapore's top consumer bankers are regarding the future
      PHOTOS BY CHRIS LOH, ARTHUR LEE  -  1,025 words
    • 1353 34  -  After being battered in the churning sea of consolidation, Sars and war in Iraq in the last couple of years, banks and financial institutions see fair weather ahead and are hiring again, reports chuang peck ming CHUANHG PECK MING AFTER more than two years of firing
      AFP  -  1,353 words
    • 1046 36  -  Bankers are battling in a saturated credit card market. Can things get any tougher? TAILA KRISHNAKUMAR finds OUt TAILA KRISHNAKUMAR A REBOUNDING economy has spurred intense activity from credit card issuers hoping to capitalise on the recovery. But it isn't easy by any means. For one,
      ARTHUR LEE; FILE PHOTO  -  1,046 words
    • 1064 38  -  TAILA KRISHNAKUMAR takes a look at alternative investments which are gaining popularity with high net worth investors TAILA KRISHNAKUMAR ALTERNATIVE investments like hedge funds and private equity are becoming an important part of a high net worth investor's portfolio, with assets under management seeing double-digit
      REUTERS  -  1,064 words
    • Article, Illustration
      929 39  -  SAMUEL SUEN discusses how top business families can manage the toll wealth takes on relationships SAMUEL SUEN WEALTH has its challenges. The wealthy have to deal with issues such as the impact of wealth on their children, integration of their family into the business, and how to keep
      REUTERS  -  929 words
    • 1154 40  -  Boutique firms can help boost the vibrancy of S'pore's investment banking scene, especially in attracting smaller privately owned enterprises from abroad, argues CHOO CHEE KONG CHOO CHEE KONG THANKS to the government's foresight to establish a more vibrant financial sector in Singapore, the authorities became more receptive
      REUTERS  -  1,154 words
    • 1058 41  -  Avoid tight spots by adopting efficient cash flow management practices, RICORF DA SILVERA and HITEN JOSHI tell companies RICOR F DA SILVEIRA and HITEN JOSHI IT is a well-known fact that companies facing bankruptcy haven't run out of sales, they've run out of cash. Many companies
      AFP  -  1,058 words
    • 510 41 SINGAPORE'S banking and finance industry has undergone dramatic changes in the past decade. The relaxation of banking regulations has seen local as well as foreign qualifying full banks (QFBs) move into areas such as consumer lending, which traditionally have been the preserve of finance companies.
      510 words
    • 840 42  -  Not if they can help it say the banks, but industry watchers reckon it's only a matter of time before rates rise, ANDREA TAN reports ANDREA TAN ARE the days of super low housing interest rates over as concerns grow that interest rates will soon
      840 words
    • 646 42 This article is contributed by Great Eastern THE insurance market is far from homogeneous, being made up of consumers with differing lifestyles and needs, so it isn't surprising that the products have been distributed through different channels. While most insurance is still mostly sold
      This article is contributed by Great Eastern  -  646 words
    • 1184 44  -  Adhering to the Basel II accord will give banks greater protection against insolvency. CHNG SOK HUI examines the impact for Singapore CHNG SOK HUI SINGAPORE banks are preparing themselves for Basel 11, an accord that will change their mftiimum capital requirements. Banks are required to carry capital
      AFP  -  1,184 words
    • 1083 44 SMALL enterprises and start-ups face a perennial problem in finding funding to grow their business. This, despite a recent DP Information survey indicating that 85 per cent of SMEs in Singapore were profitable, and 70 per cent had liquidity ratios at or
      1,083 words
    • 1051 46  -  WILSON CHIA makes the case for full-file credit bureaus which track not just negative data like late payment but also positive information such as outstanding loans and credit card limits WILSON CHIA AS supervisors and banks continue to fine-tune risk management processes, the question of credit
      AFP  -  1,051 words
    • 995 46  -  By PHILIP LEE AFTER two years of decline, the global market for mergers and acquisitions bounced back last year and if anything 2004 promises to be a year of even stronger activity. This is clearly good news not only for investment banks but also for Singapore,
      AFP  -  995 words
    • Article, Illustration
      790 47  -  Singapore's Big Three banks are going after the lucrative Chinese market through new branches, acquisitions and alliances, reports LOH HUI YIN LOH HUI YIN SINGAPORE'S Big Three banks have all staked out the Chinese market and are building up market presence as the banking industry gradually opens
      AFP  -  790 words
    • 764 47  -  By RAY HEATH A HIKE in interest rates might not be good news for the thousands of Hong Kong home owners sitting on negative equity in the apartments they bought in the boom of the late nineties but for the banks who lent them the money
      764 words
    • 926 48  -  Temasek's entry could hasten consolidation in M'sia's banking sector. EDDIE TOH reports EDDIE TOH THE Malaysian banking sector has become healthier since the regional financial crisis in 1998 but bankers still have plenty of do as the big foreign players muscle in on the market. Analysts
      926 words
    • 748 48  -  By YOUNG IL CHOI ONGOING deregulation is likely to continue to lower barriers to entry in Kotfea's financial services industries, driving up competition and consolidation across industry sectors. Korea's domestic banks have increased their size and influence in financial markets through mergers and
      REUTERS  -  748 words
    • 1086 49  -  New foreign shareholders bring fresh funds, new ideas and stricter controls to Indonesia's banks, reports SHOEB KAGDA from Jakarta SHOEB KAGDA INDONESIA'S banking sector is undergoing a quiet revolution with the entry of foreign investors who have introduced new banking practices and more aggressive marketing of consumer
      AFP  -  1,086 words
    • 910 49  -  From YOGI AGGARWAL in Bombay ONE of the more significant developments in banking in India has been a sharp reduction in non-performing assets (or bad debts) from 15.7 per cent in March 1997 to 8.8 per cent in March 2003. Part of the reason
      AFP  -  910 words
  • Page 27 Advertisements
    • 14 27 American Express Singapore Airlines KrisFlyer Credit Card. The fastest way to earn KrisFlyer miles.
      14 words
    • 54 27 WeeChoYawonUOB PAGE 2 Dhanabalan on DBS «PAGE4 Consumer bank wan PAGE 6 Cretfit cards galore nPAGElO Wealth and the famiya PAGE 13 Banking in Asia PAGE 21-24 Coordinator Stow U Sen Editor Elaine Koh Sub-adHora: Manssa Chew, Wong Hiew Peng, Ling Su Am ArMtta: Gareth Chung (cover design) Ben Cruz.
      54 words

  • Page 28 Advertisements
    • 230 28 wshms m IMM J 1 Wjk Kfc« 1 -1 Wm Bufl&i wM I*. I Bfl l. «H BAB I V" Ul 1 4 P*k. 111 i m. 4 mm 1 I V 'fet,,*"..; IjS 1 JHB9, ISr-i S I A ff\B ■pP'^TJ 8 I 818 L;- -jsr-B \rl ~j I
      230 words

  • Page 29 Advertisements
    • 258 29 I Asia blossoms with diverse opportunities I I Take your pick from HSBC's I I range of Asian Funds I i IBst' yX W m&>' ll f; BMMaßaffia^^a^. v k- i J® JBW y« JF B| ||j ■f 5H 9B m The orchid, the lotus, the peony, and the cherry
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