The Business Times, 15 May 2003

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Total Pages: 24
1 24 The Business Times
  • 10 1 fpwwi*««n(w 85c THE BUSINESS TIMES SINGAPORE THURSDAY, MAY 15, 2003
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  • 562 1  -  It aims to have over 30% of employees as shareholders within 3 years By I Siow Li Sen [SINGAPORE] OCBC Bank yesterday said it has decided to pay 25 per cent of its employees' performance bonus in shares, in an ambitious
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  • 72 1 sti 1,311.00 (-12.16) ST INDEX FUTURES 1,310.00 (-9.00) SIMSCI FUTURES ISO.SO (-1.20) Wednesday Change KLSECOMP Closed NIKKEI 225 Hi44.91 +54.65 HANG SEW 9,103.69... -15.35 SET INDEX 385.22 1.57 JAKARTA COMP ...467 94 -5.57 MANILA COMP .1.***** +2.99 TAIPEI WP1 4,341 10 +6.51 SEOILCOMP ***** -410 SHENZHEN B ...***** +186
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  • 75 1 FOREX RATES US$ S$ I'SS (SS per I'SS) 1.732 £(I SS/SS per 1.612 2.791 El'RO(l SS/SS/E). 1.153 1.997 YEN 116.6 67,10 RM 3.800 2.194 HKS 7.799 UN BAHT 42^2..._ 2438 RITIAH &446 1877 RENMINBI 8.299 4 792 INDIAN Rl PEE 47.14 27.22 PRIME RATES SINGAPORE* Ui K1ALA LTMPVR 64U
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  • 719 1  -  HOOK LOOK asm Byi Catherine Ong heke were moments at lhjbu I 1 Bank's nearly three-hour shareI holders' meeting yesterday when I the body temperature of several diJL rectors must have soared past 38 degrees Celsius. For sure, they weren't down with Sars, as
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  • 649 1  -  Byi Amit Roy Choudhury [SINGAPORE] Datacraft Asia's long-time chief executive officer Ron Cattell is stepping down. The Datacraft veteran is resigning amid huge losses by the group and an ongoing probe into the company by the Commercial Affairs Department. Although chairman Patrick
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    • ON THE grapevine
      • 82 2 THERE are probably more seat types on SlA's planes than at its headquarters. According to sources, SIA offices use only three types of chairs: for typists and clerical staff, officers, and managers. No one is allowed to have a different kind. The chairman's, however, seems
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      • 113 2 WHAT do the US and Singapore economies have in common? Well, according to finance magazine Barron's, the US state and local government sector accounts for 12 per cent of America's GDP and 15 per cent of total employment. This is a bigger contribution than even the technology
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    • 561 2  -  SembLog unit teams np with Indon firm to serve offshore oil industry there Byl Yang Razali Kassim [BATAM, Indonesia] The sea off Kabil, a district on this island just 20 km southeast of Singapore, is fast being reclaimed. An industrial estate is slowly
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    • 176 2 Xinhua (JAKARTA) The speaker of the Indonesian House of Representatives and the minister of justice and human rights have endorsed the implementation of the proposed free trade zone (FTZ) in the industrialised island of Batam, a businessman has said. "House Speaker Akbar
      Xinhua  -  176 words
    • 559 2  -  Bearish sentiment, lower earnings from associates cited By\ Siow Li Sen [SINGAPORE] OCBC posted disappointing first-quarter net profit of $159 million, a 26 per cent fall that even its chief executive David Conner admitted was clearly not good. Analysts polled by Reuters
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    • 719 2  -  Analysts sceptical move will have major impact From, Anthony Rowley in Tokyo JAPANESE Prime Minister Junichiro Koizumi's Cabinet opted for caution last night when it approved measures to curb heavy selling of stocks by banks and pension funds but stopped short of instructing the
      AP FILE PHOTO  -  719 words
  • Page 2 Advertisements
    • 132 2 COURAGE FUND TO DONATE BY CHEQUE: A crossed cheque made out to The Courage Fund' should be sent to The Courage Fund, c/o National Healthcare Group, 6, Commonwealth Lane, Level 6, GMTI BuflcMng. Singapore *****7 TO DONATE BY PHONE: From May 1, members of the public can donate to the
      132 words

  • Article, Illustration
    3662 3  -  UP CLOSE WITH THE WIZARD OF OMAHA Warren Buffett, chairman of Berkshire Hathaway, is the most successful investor in history. He is worth US$35 billion. Yet he lives frugally and insists his children won't inherit a bean. In a rare interview at his headquarters in Omaha, Nebraska, he
    JULIAN SIMMONDS/DAILY TELEGRAPH; AP  -  3,662 words

  • SINGAPORE markets
    • Article, Illustration
      334 4 OTHER SINGAPORE INDICES May 14 VALUE CLOSE BTO&OS 391.00 -252.00 IT CADI -*****.00 -107.00 BT 10-4ay MA *****.00 +40.00 AM-SG EqwtMS 354.00 -2.71 SO Equities Ehct 124.63 +0.68 SG Equities Fm 1111.18 -11.79 SG Equities Prop 311.72 2.21 KSCI Singapore 161.27 -141 SMSa Futures 160.60 -1.20 llirtw W— BIL Intl
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    • 297 4  -  HOT STOCK/ WARRANT By\ R Sivanithy ONE truism about stock markets is that investors are always on the lookout for a good recovery story. When economic growth hits rock bottom and when the outlook is at its bleakest, anyone who
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    • 780 4  -  =11 comment STOCKS r. sivanithy S OU can't keep a good man M down." Or so they say. And the stock market equivalent H of this hearty observation must be: "You can't keep a good fund manager from being bullish." Though we're not
      780 words
    • 615 4  -  I-j I comment CURRENCIES Watch 920 near-term support level of SAP 500 Index for clnes larry wee US DOLLAR bears took a breather yesterday, avoiding recent lows despite a small overnight setback on Wall Street and that horrible bombing incident in Saudi Arabia.
      Source: Reuters  -  615 words
  • 52 4 UNIT TRUSTS FUNDS IfGENO:AI price* are indicative awapt for*; Ei KH99H toin fcuadfr 0i»» lifted. I H»io»»4y fog—rf; S Lower Kate Low to Medkjm Ruk. 6 Medium to Migh Rsfc. Higher Bate •open ended. tatou utetwiion o< unity Aflar luhdiniiicn oI unrt&. 9 after ttott H*t N-A Won Piling Pay
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  • SINGAPORE companies
    • 484 5  -  He raises interest to after Oei Hong Leong's stake hits 8.14% By- Michelle Quah LENDING weight to market talk that BIL International looks set to be the subject of a takeover battle, Malaysian industry veteran Quek Leng Chan has
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    • 187 5  -  By Andrea Tan HURT by the sharp slide in securities trading, Singapore Exchange (SGX) yesterday reported a 25 per cent drop in third-quarter net profit to $13.1 milion. But net profit for the first nine months is still up 12.6 per cent to $44 million,
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    • COMPANYBriefs
      • 47 5 SHAREHOLDERS OF Transpac Industrial Holdings Limited have approved resolutions put moved forward by the board including the decision to raise the fees of its directors. The loss-making company had asked shareholders to approve the increase of directors' fees from $59,665 to $100,658.
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      • 80 5 ONG Beng Seng's Hotel Properties Limited said about 33.36 per cent of the shares in the hotel and property group were held in public hands as at April 9,2003. The company said it is therefore in compliance with Rule 723 of the listing manual.
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      • 142 5 HOTEL Plaza's wholly-owned Malaysian subsidiary Premium Properties Sdn Bhd has been ordered in an arbitration held at the Singapore International Arbitration Centre to pay some RM3O million (5513.7 million), its share of a final award to another Malaysia company, Dermajaya Properties Sdn Bhd. Dermajaya
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      • 109 5 SEMITECH Electronics Ltd has been appointed by Hewlett-Packard Singapore (Sales) Pte Ltd this month to Bet up a HP mobility solution centre in Singapore on a non-exclusive basis to sell HP's range of products. HP also appointed the company as an authorised business
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    • 301 5  -  By] Kenneth Lim RAFFLES LaSalle founder and chief executive officer has emerged as one of the largest subscribers of distance learning provider Hartford Holdings' initial public offering (IPO). Chew Hua Seng now holds a 3.3 per cent stake in the company. Hartford's IPO of 10
      FILE PHOTO  -  301 words
    • 274 5  -  By Vince Chong CITING continuing weak consumer sentiment and the Sars outbreak, retailer Isetan (Singapore) yesterday posted a 65 per cent plunge in net proFits to $110,000 for the first quarter ended March 31. Turnover fell 6.8 per cent
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    • 243 5  -  By Wong Wei Kong HONG Leong Finance (HLF), reporting a 4 per cent slip in first-quarter earnings yesterday, said it was making good progress diversifying into new businesses. Net profit for the quarter fell to $19.1 million from $19.9 million a year ago.
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    • 295 5  -  By\ Kenneth Lim A SERIES of forced sales since July last year punctuated by an off-market purchase through a married deal in October has slashed the stake of Heshe's executive chairman Chia Shi Teck in the company by more than a quarter
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    • 359 5 This brings total capacity reduction to 31.5% of services Bloomberg SINGAPORE Airlines Ltd filled the smallest amount of its combined passenger and cargo space since at least 1990, after Sars caused a slump in demand for air travel. Asia's most profitable airline announced
      Bloomberg  -  359 words
    • 310 5  -  But Q2 looks iffy as foreigners stay away By Andrea Tan PERHAPS as an indication of things to come, Parkway Holdings handed out digital thermometers as door gifts at its first quarterly results briefing yesterday. While the healthcare group recorded a 14
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  • Page 5 Advertisements
    • 38 5 I How To Treat Clients and Colleagues To learn about Business Account privileges or to receive the Tiffany for Business gift catalogue, please call 6735 8823. Tiffany&Co. SINGAPORE RAFFLES HOTEL ARCADE 6J}4 0168 NGEE ANN CITY 6715 882J
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  • SINGAPORE news
    • 396 6 P=tf =4 on the economy retail sales Singapore's retail sales probably shrank 10.3 per cent in March from the same month in 2002. its biggest annual fall in over four years, as shoppers stayed home and tourists shunned the island due to Sars,
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    • 496 6  -  It will convert 750 MW of generating capacity to burn new emulsion fuel By' Tang Weng Fai POWERSERAYA Ltd, Sin gapore's second largest power generator (genco), is spending $200 million to convert 750 megawatts (MW) of its generating capacity to bum a new fuel to increase
      FILE PHOTO  -  496 words
    • 531 6  -  By Chuang Peck Ming ANALYSTS remain less than upbeat about Singapore's exports in April, even though they were proved wrong in February and March. They reckon on average that the country's key nonoil domestic exports (NODX) last month grew 7.5 per cent over
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    • 419 6 No 3 banker trader says profit margins just not good enough Reuters POOR profit margins in the world's largest ship refuelling port have forced Singapore's No 3 supplier of bunker fuel, Hai Soon Diesel Trading Ptd Ltd, to close its local bunker operation,
      Reuters  -  419 words
    • 243 6  -  2nd facility here to meet greater logistic demands of its MNC clients By< Daniel Buenas THE Singapore subsidiary of Japanese logistics giant Sankyu yesterday opened its second warehousing and distribution centre at Tuas. The $30 million facility is a Very Narrow Aisle racking
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    • 242 6 Bloomberg [JAKARTA] Asia Pulp Paper Co will meet creditors on May 21 to discuss their proposal for protection from a second debt default, an Indonesian state agency said in a statement. The company is negotiating a debt recast with lenders who are owed
      Bloomberg  -  242 words
  • Page 6 Advertisements
    • 251 6 Pick the Orchid Cup Winner and Win! FBI articipate in the "Guess the Orchid Cup Winner" Contest and you might win U one of these exciting prizes! iiPf^ Ist Prize A pair of Raffles Class return air tickets to any Singapore Airlines destination and SI ,CXX) 2nd Prize A pair
      251 words
    • 92 6 Improve Your QMlHyofLift Disinfect your office! J .from the fiermitroJ germ killer specialists that have been serving Singapore the last 15yrs... I j./ lllr .yAt— I iiiri imocn «t cxcput mwh Mr H Sterilizers that cm kfl ■tl 99.9999% ■of Lcyowwrt'i Bocteria m 3 wiwftesl Bio-Fogging using sofe.non-toxic.non-corrosive Biocidcs to
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  • EXECUTIVE suite
    • 381 7  -  Analysts tell Vlnce Chong sales will continue if prices stay the same Vince Chong PEOPLE are still expected to turn up at showflats this weekend despite news of a possible fresh Sars cluster. And consultants and analysts polled by BT believe relaunches and sales of
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    • 585 7  -  GARDENER'S IHTfI By Thien GARDENERS here have literally been under a cloud lately. Just ask Wifey, who has been moaning about having to replace the same bald patches on the lawn, not once, not twice, but three times already over the last rainy month. This
      THIEN  -  585 words
  • Article, Illustration
    1086 7 Transaction date: May 14 arrERBAME CROSS RATES A$ C$ Euro H8S lad fa tap!* Ton Won w «n Nth Nw SS tmt Sir MTS M* Nwd US$ Australia 0X96 5263 0.560 5.040 30.4(3 54X79 0.753 7.756 2.456 1126 ***** 33.708 ll» 4JK 0.849 22.431 ***** 0.401 0X46 Canada L«6
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  • 1581 7 SICOM FUTURES MayU RUBBER Future* (Closing pricts) RSS 1 (Scents/kg) CtOM VotWM Open Month High Low s Sett (tomes) Interest Jun 03 1 170.75 Juf 03 162.75 Aug 03 ***** Sep 03 161.00 RSS 3 (US ccats/kq) Volume Open Month High Low Sett (tonnes) Intwrwst Jun 03 9&00 w!6o
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  • EDITORIAL & opinion
    • 836 8  - Demise of the dollar rise of the euro OPINION HiTM bottom line anthony rowley THE US may have achieved victory in Iraq against the regime of Saddam Hussein but at what a heavy price that victory has been bought by a president who pays far more heed to military than
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    • 59 8 'I am not in panic mode yet —but I am considering bartending.' a 30-year old graduate student, who's about to get his MRA from Columbia University in New York. For the second year in a row, new MHAs who have spent as much as USSt22.OOO to gain
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    • 560 8 EDITORIAL AS IF the impact of Sars on Singapore's growth prospects were not damaging enough, the US dollar's sharp fall to multiyear lows versus currencies such as the euro now creates more cause for concern. The knee-jerk reaction in some circles has been to lobby
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    • 897 8  -  Washington is queasy about the notion that maybe even lower interest rates and, temporarily, even bigger budget deficits are necessary By\ Robert Samuelson The Washington Post Writers Group WELL, the United States economy faces a new danger: deflation. So says the FOMC,
      The Washington Post Writers Group; REUTERS  -  897 words
    • 189 8  -  Leong Sze Hian I UNDERSTAND that according to the World Bank's Little Green Data Book 2003, Singapore has the secondhighest usage of energy per person after the United States. Singapore uses the equivalent of the emission of about 13 tonnes of carbon dioxide per
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    • 138 8  -  Denis Distant Singapore LAST month, trading in three counters Goodwood Park Hotel, Hotel Malaysia, and Central Properties was suspended by SGX, with last trades at $38, $20 and $19.60 respectively, after the exchange had given the companies due notice to comply with Rule
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    • 234 8  -  Narayana Narayana Singapore I REFER to the report, "Sing Tel in radical revamp of share option plan" (BT, May 9). SingTel's decision to do away with its employee stock option scheme will be welcomed by small shareholders who have pointed
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  • Page 8 Advertisements
    • 98 8 Fax your fetters to 6319-*****r email them to btletter@sph.com.sg or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the right
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  • Page 9 Advertisements
    • 2804 9 ®HONG LEONG FINANCE LIMITED (formerly known as Hong Leong Singapore Finance Limited) and its subsidiaries incorporated in the Republic of Singapore BALANCE SHEETS AS AT 31 DECEMBER 2002 REPORT OF THE AUDITORS TO THE MEMBERS OF HONG LEONG FINANCE LIMITED {FORMERLY KNOWN AS HONG LEONG SINGAPORE FINANCE LIMITED) Group Company
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  • Page 10 Advertisements
    • 2907 10 ©HONG LEONG FINANCE LIMITED (formerly known as Hong; Leong Singapore Finance Limited) and its subsidiaries incorporated in the Republic of Singapore Share Capital 10. Property. Plant and Equipment (Continued) 17. Investments Company Material properties held were as Mows Group and Company 2002 No ol shares Carrytn. Amount 2002 aiOl ftSK
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  • SARS OUTBREAK
    • 441 11 Predicted losses would bring to 11.5 m the no. of jobs cnt since Sept 11 AP [GENEVA] A drop in international travel caused by Sars fears, combined with continuing economic gloom, could lead to 5 million job losses in the global
      AP; REUTERS  -  441 words
    • 410 11 Island quarantines 110 medical workers in bid to contain first outbreak in the sonth Reuters [TAIPEI] While the situation in China seems to have stabilised, the Sars crisis in Taiwan took a turn for the worse yesterday as six new deaths
      Reuters  -  410 words
    • 420 11 AP (SINGAPORE) Singapore may be forced to delay plans to call its Sars outbreak under control if a new possible outbreak at the country's mental health facility is confirmed, a top health ministry official said yesterday. The ministry said yesterday that 27 patients and
      AP  -  420 words
    • INBrief
      • 68 11 Reuters [HONG KONG] Hong Kong's Airport Authority said yesterday the Sars outbreak caused a fall of 68.9 per cent in passenger numbers and 33.6 per cent in passenger flights in April versus a year ago, and the short-term outlook was negative. The total number
        Reuters  -  68 words
      • 59 11 AP [WELLINGTON! Visitors to New Zealand will now be asked to declare their travel history and health details upon arrival, to prevent any possible Sars cases from entering the country, officials said yesterday. They will be required to fill out a declaration and indicate whether
        AP  -  59 words
      • 81 11 AFP [TOKYO] A research unit of Japanese distilled spirit manufacturer Takara Holdings will sell newly-developed medical kits to detect the Sars virus in China and Japan. Takara Bio Inc will sell the medical kits in packs of 24 for 96,000 yen (*****0) from
        AFP  -  81 words
  • Page 11 Advertisements
    • 1357 11 HI hong leong finance limited (formerly known as Hong Leong Singapore Finance Limited) and its subsidiaries incorporated in the Republic of Singapore 25. Changes in Accounting Policies 28. Risks associated with financial assets and kafctfbes (Continued) 28. Risks associated with financial assets and KaMMtes (Continued) For the year ended 31
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  • REGIONAL news
    • 458 12 BEIJING Factories, construction steam ahead despite plunge in retail sales AFP Bloomberg Reuters CHINA said yesterday that its economy grew 8.9 per cent in April from a year earlier, as factories and construction steamed ahead despite a sharp slowdown in retail sales
      AFP; Bloomberg; Reuters  -  458 words
    • 383 12 Reuters [HONG KONG] Hong Kong's restaurant industry is losing more than HK$3OO million (5566.6 million) a week as more consumers eat at home, afraid of catching the deadly Sars virus, a survey showed yesterday. The study by the Hong Kong Polytechnic University showed
      Reuters; REUTERS  -  383 words
    • 399 12  -  Delay by Ibra doe to change in its leadership Promi Shoeb Kagda in Jakarta ASIA Financial Indonesia (AFI), the Temasek-led consortium which recently clinched a 51 per cent stake in Bank Danamon, will have to wait until mid-June before getting the
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    • 257 12 KUALA LUMPUR AFP A MALAYSIAN state yesterday defended the central government's move to allow a second gaming centre in its area amid protests from the opposition Islamic party. The new gaming centre at Bukit Tinggi Resort, owned by the Berjaya Group, in central Pahang state will
      AFP; FILE PHOTO  -  257 words
    • 348 12 BANGKOK IPC wants repayment of USs3l9m AFP THE World Bank's investment arm has demanded repayment of US$3l9 million in overdue loans it made to Thai Petrochemical Industry Pic (TPI), Thailand's largest debtor, the International Finance Corporation said yesterday. "We made a demand on
      AFP  -  348 words
    • NOTEBook
      • 74 12 AP [HONG KONG] Pro-democracy lawmakers said yesterday that Chief Executive Tung Chee-hwa should step down for mismanaging Hong Kong's economy and the Sars crisis, but were soundly defeated on a motion calling for his resignation. Mr Tung is highly unpopular, but independent lawmaker Albert Chan's
        AP  -  74 words
      • 86 12 Reuters [BANGKOK] Thailand, keen to cut its fiscal deficit by raising more taxes, kicked off a prize draw yesterday using shop receipts as lottery tickets in the hope that the public will demand taxable receipts from retailers. Concerned that thousands of shopkeepers are falsifying their
        Reuters  -  86 words
      • 85 12 Bloomberg [HONG KONG] Hong Kong Exchanges and Clearing Ltd, operator of the city's stock and futures exchanges, said profit fell by a quarter in the first three months of this year. The company, which has been traded on its own exchange since June 2000,
        Bloomberg  -  85 words
      • 97 12 Reuters [HONG KONG] Hong Kong media conglomerate tom.com, backed by tycoon Li Ka-shing, said yesterday that its net loss narrowed in the first quarter, but forecast turbulence ahead due to the Sars outbreak. Tom.com, which has expanded from its Internet roots to include publishing and outdoor
        Reuters  -  97 words
      • 59 12 Bloomberg [tifciJiNuj industrial commercial BanK 01 unina, the nation's biggest bank, said the volume of Internet transactions reached a record level in April as more customers resorted to online services because of concern about Sars. The volume of transactions jumped almost fivefold year-on-year to 1.3
        Bloomberg  -  59 words
      • 78 12 Bloomberg [JAKARTA] PT Garuda Indonesia halved its target for operating profit this year because Sars has hurt demand, and said it may have trouble making debt payments. "This will pose great difficulties for us to pay our debt, worth US$lOO million this year," Garuda's finance director,
        Bloomberg  -  78 words
  • Page 12 Advertisements
    • 854 12 NOTICE OF ANNUAL GENERAL MEETING INDUSTRIAL GROUP lIMITCDI NOTICE IS HEREBY GIVEN that the Annual General Meeting of BROADWAY INDUSTRIAL GROUP LIMITED ("the Company") will be held at 65 Chulia Street, 50th Floor (West Lobby), Committee Room, OCBC Centre, Singapore *****3 on Friday, 30 May 2003 at 4 00 p.m.
      854 words
    • 197 12 GdaMKimmßß Mtosaaaa IN THE MATTKR Of THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FIRST DISCOVERY CONSULTANCY SERVICES PTE LTD (In Member*' Voluntary Winding Up( mquce <>F kinai mmc NOTICE IS HEREBY GIVEN purxuaht Ui Section VW of the Companies Act. Cap that the KINAI. MEETING of the
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  • WORLD news
    • 441 13 TOKYO Says it only wants to prevent excessive moves Reuters JAPAN'S Ministry of Finance denied yesterday it was seeking a weaker yen, saying it only wanted to prevent excessive currency market moves and that its policy was in line with that of the United
      Reuters  -  441 words
    • 482 13 NEW YORK Worker claims retaliation after her bias complaint Bloomberg ÜBS Warburg LLC set out to fire a saleswoman after she complained of mistreatment by her male boss, the woman claims in a bias lawsuit, and she has uncovered
      Bloomberg  -  482 words
    • 241 13 Reuters [LOS ANGELES] Sony Corp, the dominant force in the US$3O billion video game market, went on the offensive against its rivals on Tuesday with a new handheld Play Station gam ing device and an exclusive online deal with the industry's top game publisher.
      Reuters  -  241 words
    • 347 13 LONDON Raids carried out on offices in Europe, US, Canada Bloomberg BHP Billiton and Rio Tinto Pic, two of the world's three biggest mining companies, said regulators began a global probe of possible price-fixing in the US$24 billion copper market. US-based FreeportMcMoßan
      Bloomberg  -  347 words
    • 439 14 LATEST US INDICATORS Record 2.7% slnmp in April import prices may fan deflation concerns AP Reuters US shoppers turned cautious in April and sent sales at the nation's retailers down by 0.1 per cent, fresh evidence that the end of the
      AP; Reuters  -  439 words
    • WORLDWatch
      • 59 14 Reuters [WASHINGTON] US Securities and Exchange Commission Chairman William Donaldson said in a CNBC interview on Tuesday that "decimalization" the shift made in 2001 to trade US stocks in decimals instead of fractions—needs to be reexamined. Decimalization has cut into Wall Street's profits and
        Reuters  -  59 words
      • 43 14 Bloomberg [SEOUL] Hynix Semiconductor, the world's third-largest maker of computer memory chips, reported a first-quarter net loss of 1.05 trillion won (551.52 billion). The company had a profit of 35 billion won a year ago. Bloomberg
        Bloomberg  -  43 words
      • 72 14 Reuters [TOKYO] Japan s Casio Computer said yesterday it returned to the black for the year ended March 2003 on cost cutting and brisk sales of electronic gadgets, and expects to rake in an even bigger profit in the current fiscal year. Group net
        Reuters  -  72 words
      • 69 14 Bloomberg [TOKYO] Japan's current account surplus shrank in March as exports fell and imports rose, the Ministry of Finance said. The surplus shrank to 1.21 trillion yen (SslB billion) from 1.24 trillion yen in February. From a year ago, the current account surplus shrank to
        Bloomberg  -  69 words
    • 318 14 LONDON AFP Reuters OIL prices headed upwards again yesterday after terrorist bombings in leading world exporter Saudi Arabia, as dealers also braced for production cuts by Opec. Benchmark London Brent blend for June delivery was up 37 US cents to
      AFP; Reuters  -  318 words
    • 366 14 Bloomberg INEW YORK] Qwest Communications International Inc founder Philip Anschutz agreed to pay US$4.4 million to settle charges by New York attorney-general Eliot Spitzer that he improperly profited from initial public offerings. Anschutz, who has a personal wealth of almost US$5 billion according to
      Bloomberg; AP  -  366 words
    • 239 14 ZURICH AFP THE risk of a stock market crash on either side of the Atlantic has increased substantially over the past six months, according to a survey of top international economists released by the reinsurance company Swiss Re yesterday. The estimated probability
      AFP  -  239 words
    • 356 15 NEW YORK Industry wants 2 or 3 advisory groups for issues Reuters GRAPPLING with a new oversight board's landmark decision to take over the task of setting auditing rules, the four largest accounting firms are seeking representation on a panel that wUI
      Reuters  -  356 words
  • 6 13 Transaction date: May 14
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  • Page 13 Miscellaneous
    • 255 13 CRYPTIC CROSSWORD 1 Little time to write snappy ad--10 Eye symbol of sovereign power (3) 11 Set tailor-made for philoso--12 He leaves rubbish in bed to I I I I I I I l cause annoyance (6-3) 15 Weirder way to meet a war17 Badgered Desmond and Sa- I rah
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  • 805 14 Transaction date: May 14 1 Ow O—tl 9*6—m 1 Ow O—i Aftgrean SOc 041 0 840 ♦0005 HatSM 50c 0 JO 2.S30 O 010 C*C 0.80 4.780 *0.060 OCBC 930 9800 0050 CapitaLand 110 1.M0 0030 OUt 0 54 5900 *0100 Chart 5cmCond 26c 0 90 0780 0025 Parkway
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  • 491 14 BONDS WARRANTS Last Vol Corny Eaar tear '32 "i "p i ]j Sale *m- nm Uft AST1W*****1 45 1 16 52 3.00 13 Acma Ltd WM1116 2 1 SO 643 3.50 18 AmtekW*****0 55 -3 15 1 33 -1 1j61 25 Armstrong \MM0520 15 -05 60 I 10 47 3.40
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  • Page 14 Advertisements
    • 104 14 Are you still big, strong and growing despite these tough times? Companies can nominate themselves for the 2003 Enterprise Award by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 ARevised Edition), with three years of audited statements. Nomination forms are available
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  • 6 15 Transaction date: May 14
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  • Page 15 Advertisements
    • 81 15 Audemars Piguet 4 w maitre de I'horlogerie depuis 1875 Exclusively at: CORTINA WATCH Millenia Walk Tel: 6339 1728, Paragon Tel: 6235 0084, Raffles City Tel: 6339 9185, SINCERE WATCH Ngee Ann City Tel: 6733 0618, Lucky Plaza Tel: 6737 4648, Suntec City Mall Tel: 6337 5150. THE HOUR GLASS Scotts
      81 words

  • BIZIT
    • 775 16  -  Its 'Adaptive Enterprise' strategy aims to help companies manage change by creating a tighter link between business and IT, reports Chell&m Raju Chellam US GIANT HewlettPackard Co, going gungho on outsourcing, claims it has signed more than 200 managed services contracts in the last 12
      775 words
    • 283 16 LAT-WP [LOS ANGELES] New software from Apple Computer Inc that lets Mac users buy songs from an online music store can also be used to share songs via the Internet, raising concerns among record labels and music publishers about a new avenue for piracy. Apple's
      LAT-WP  -  283 words
    • 73 16 IN our report, "PC sales here set to perk up in Q3" (BizlT, May 12, pg 22), we reported that Singapore should see overall PC sales of about 134,000 units in Q3 this year, up a robust 9.3 per cent over Q3 last year. The correct figure should be
      73 words
    • 412 16  -  It is seen to jnmp to 27.9% of total cellular services revenue by 2007 Byl Amit Roy Choudhury siNUAi'UKfc, s moDue aata revenue is expected to jump to 27.9 per cent of total cellular services revenue by 2007, from 10.5 per cent
      412 words
    • 669 16  -  liicomment INFOTECH Today's content providers have wonderful resources. TOe challenges add magic kenneth james WHEN Singapore began to batten down the hatches in response to the Sars threat, one of the measures taken was the closure of all schools from March 27. It was a prudent move
      669 words
    • 166 16 AP [REDMOND, Washington] Microsoft Corp said a company news release that it was developing a portable toilet with Internet access, called an "iLoo", was a hoax perpetrated by its British division. The April 30 release, issued by the company's MSN Internet division
      AP  -  166 words
  • Page 16 Advertisements
    • 97 16 WT 71 a J 1 i Presented Syu Diners Club Credit Card To apply, call: 6416 098( Where to wine, dine and entertain... Treats V our popular Kway Teow or Kway Teow Mon-Fii: Lunch from 11.30 am onwards For reservations, please call *****138 401 M*cPk«r»on Ro««l, Singapore *****5 WW Tel:
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    • 26 16 Spring Court I I The Oldest \js3]/ Chineseßestaurantin Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to one per table wkkmia. order ofS5O oowmrtU i
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    • 18 16 The power to reach 100,000 readers daily. 9 \il\f||isr in Whir. Ililic lillli'l'l.lill •"I I In- ISiisinrsN Tinirv
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    • 144 16 Indulge in the best of two culinary worlds as we bring you the best of international cuisine. Highlights include Pepper Gabs and Rod Prata from Singapore. Sashimi and Califbmian Hand Roils from Japan. Fresh Oysters, Soft-shelled Crabs and Braised Oxtail from Europe and lots more. Monday to SomUy (except Saturday)
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    • 41 16 MERITUS MANDARIN SINGAPORE \^i// MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: 6831 6291 5( Coffookoaoo IBV let floor MERITUS MANDAIjN 333 Orchard Road, Singapore *****7. Tel: >65 6737 4411. Fax: >65 6732 2361.
      41 words

  • SHIPPING TIMES
    • 268 17 Reuters THE Baltic Dry Index rose 21 points to 2248, the Baltic Capesize Index rose 31 points to 2937, the Baltic Panamax Index rose 18 points to 2298 and the Baltic Handymax Index rose 102 points to *****. TIME-CHARTER: China Steel Responsibility (built 2003) *****5 dwt delivery Rotterdam
      Reuters  -  268 words
    • 272 17 MX '000 MitM S$ Vol CWT Distribution—0.60 unch 0 Chuan Hup 0J8 -0.01 190 CH Offshore 0.19 0.01 137 Cotco Investment ...0.23 unch 1561 Freight LMs 0.04 -0.01 371 C8 HoW'nqs 0.57 unch 6 Jaya Holdings 0.34 -0.01 253 KeppelCorp 4.50 -0.02 1717 K1 Venture 0.18 unch 212
      272 words
    • 396 17  -  Breakthrough in relations between ITF, maritime employers Fromi Alec Almazan in Manila [SINGAPORE] An international bargaining forum has been put in place to negotiate the wages of seamen on open register ships. The creation of this uniquely wide negotiating body which for the first
      396 words
    • 352 17  -  Third-tier IMO proposal to be adopted without geographical limits By Beth Jinks [SINGAPORE] Additional compensation for victims of tanker oil spills is set to be made available when the International Maritime Organisation (IMO) adds a third tier to the International Oil Pollution Compensation
      352 words
    • 208 17 Xinhua [SHANGHAI] The Port Authority of Shanghai has reported that the biggest port on the Chinese mainland handled a record 912,000 TEUs (twenty-foot equivalent units) in April, up 35 per cent year on year. A spokesperson for the port authority said the growth was achieved
      Xinhua  -  208 words
    • 172 17 Reuters [BANGKOK] Thailand's Regional Container Lines (RCL) said yesterday it would buy two new vessels from Japan's Mitsubishi Heavy Industries Ltd for US$6O million to expand business in North Asia, India and Australia. Regional Container Lines said in a statement to the
      Reuters  -  172 words
    • 298 17 US$2OO million worth of exports delayed so far Reuters [PUSAN, South Korea) South Korean truckers threatened yesterday to paralyse cargo flows at the country's biggest port as their strike entered a sixth day, but officials said help from the army was keeping the port
      Reuters; AP  -  298 words
    • 138 17 Bloomberg Reuters [SEOUL] Picture shows a police patrol ship spreading an emulsifier on the sea covered with fuel oil near the port of Pusan, about 450 km south-east of Seoul. A South Korean oil tanker slammed into a moored ship in Busan yesterday, spilling
      Bloomberg; Reuters  -  138 words
    • 240 17 Strong demand for container leasing expected to continue this year Bloomberg [HONG KONG] Cosco Pacific, the world's fifth-largest container-leasing company, plans to spend about US$2OO million this year to buy as many as 130,000 standardsize container boxes, financial controller Francis Li said yesterday.
      Bloomberg  -  240 words
    • 673 18  -  MIiWBUILDS -By David Hughes IN a clear sign that pressure on operators of single-hull tankers is increasing, major Japanese shipping company Mitsui OSK Lines (MOL) has ordered double-hull VLCC (very large crude carrier) newbuildings from three Japanese yards as part of strategy
      FILE PHOTO  -  673 words
    • 3 18
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    • 3 22 thebusinesstimes
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    • SHIPS IN PORT
      • 563 23 Vessel VoyNo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ALVA STAR 9E J18/19 A/SIDE 15/05 0600 OCEAN BREEZE 002N J15/16 A/SIDE 15/05 1200 SHANFURYU 11/03 J3 A/SIDE 15/05 0600 UNIAN 0308 J8/9 A/SIDE 15/05 2300 UNIPLUS 0309 J23 A/SIDE 15/05 0600 BTREZEKIBA *****3 J1 15/05 1000 15/05 2300 BT
        563 words
      • 2 23
        2 words
      • 136 23 May 15 Indonesia: Waisak Day Malaysia: Vesak Day Thailand: Wiskha Bucha Singapore: Vesak Day May 19 Canada: Victoria Day May 26 U.K.:Spring Bank Hoi U.S.: Memorial Day May 29 Indonesia: Ascention Day France: Ascention Day Germany: Ascention Day May 31 Brunei: Armed Forces Day Jan 1 China: Children's
        136 words
      • 795 23 THIS report, compiled by Cockett Ma rine 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
        795 words
      • 564 23 Carta* 180 till 1005.1 0.7 62 0.08 144 0.03 Nov B OMsitv ftesMw AshAtumiiaum Sediment Ho above E25 3 0 2 0 2 0 380 Aw 960 5 0J 13.1 0.04 18 0.02 i~ 380 Mai 991.9 15 18.4 0.07 41 0.05 8Mr» m/n m/m WW
        564 words
    • AIR & LAND transport
      • 656 24 59m euro charge for retiring Concordes takes toll on performance Bloomberg [PAßlS] Air France SA, Europe's second-biggest airline, had a 98 million-euro (Ssl9s million) fiscal fourthquarter net loss after pilots strikes, the Iraq war and the spread of a deadly pneumonia
        Bloomberg; FILE PHOTO  -  656 words
      • 63 24 [MONTREAL] Workers assemble RJ regional jets at the Bombardier Aerospace plant in Montreal. US Airways signed deals with two jet-plane manufacturers to buy at least 170 and possibly as many as 550 regional jets from Canada-based Bombardier Aerospace and Brazil-based Embraer. The deals include
        AF  -  63 words
      • 299 24 AFP [FRANKFURT] Lufthansa warned yesterday it expected to fly into a full-year operating loss as the global economic downturn, Sars and the situation in the Middle East placed the airline industry in front of its "greatest economic crisis ever". The airline said in
        AFP  -  299 words
      • 185 24 AFP [HARARE] Zimbabwe's national airline has just two or three days worth of fuel supply, the result of a critical shortage of liquid fuels that has hit the country, a newspaper reported. Quoting airline spokesman David Mwenga, the private Daily News said Air Zimbabwe
        AFP  -  185 words
      • 265 24 Cash reserves have dwindled since S&rs outbreak: report Reuters [HONG KONG] Cathay Pacific Airways may issue debt or seek a capital injection to pay for new planes if its cash reserves, which have been eroding since the outbreak of the Sars virus, continue to
        Reuters  -  265 words
      • 357 24 New destinations include Atlanta and San Diego; a third addition is likely Bloomberg [NEW YORK] jetßlue Airways Corp, the three-year-old discount airline that is one of the few profitable US carriers, may increase its route expansion plan for this year
        Bloomberg; AFP FILE PHOTO  -  357 words
      • 383 24 UW OTS MM4» t jj" AlM*cooes AAAmnan Arias (AAL).*: At Frwce(APl) A! Arlnda(AK) AY FtrmerOy/m). AZ tAUa Artnes, AZAj BABnesfiirmrylPutXlßCc (BAW) 86 Benen Bengoacst Artnes I BSC) Bl Roy* Bnnti Arms Sdn Bha (RBA) BO Bono Arms (BOU) BR EVAArweysCorpnfEVA) CAArCtm (CCA). CB Amman kmmeeont Artnes
        383 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 652 18 IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) vpsa VOT I tc» I 1 m vcsa vot m st» m aw re I"hw"| prg"~ PtO NEDUOTD STUTYESAMT 15W17 30/04 11/05 10/0$ mm JJN OMIT 05/05 07/0S 04/05 13/05 11/ OS 10/05 OOdKWTOR* 30W18 07/05 15/05
      652 words
    • 497 18 lines services represented by M-mtw, «f Members of (he Registry of Sngapce Shipping Assooabon |j=g ULY UNE MALE f vissa vor iu in n* A r. klawg sfoti mm Princess Lily 0403 U/05 16/05 25/05 Moid Star 539 A 23/05 25/05 03/06 Princess Lily 0503 04/06 06/06 15/06 Mold Corr>er
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  • Page 19 Advertisements
    • 2256 19 D,RECT CAU T *J®RAN(SANRI AiAMA) 11-12 MR■ K^^^ PORT SttiAN (SWAN) 12 DAYS AQABA (JORDAN) 10 DAYS GOBUI AGOITS M SMGAPORf RO OOOWOIIOMI2-00 SAUS/ORCS 111: *****057/43 NUL UMBI/M I mamammm iftMtim >*a*a ICfUVC COSTAR SHIPPING PTC LTD IWO WM ommiii/u mimm inun/n I iW ;JS SMMITOTMOOMM m:M*imi«M# MM»(B/OI MNSTu mjisjh/41
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  • Page 20 Advertisements
    • 1102 20 HYUNDAI MERCHANT MARINE CO., LTD. How«pog>: www J—2l .c— CR MO. **********0H [vessel vot sm sou ta rim ant I ham I m II vessel vot I sou I uh I rtm I ant I ham I tv sw API IRELAND IO3W OR/OS 15/0$ 17/0$ M/ 05 APLCORAL nil 14/04
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    • 513 20 T\rT\ WAN HAI LINES TEL *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more details, call HOTLINE: *****588/1800-*****00 HlBil msa vor sat m n u» makta onr uumes itu saaed
      513 words
    • 601 20 BSA x MYANMA BB FIVE STAR UNE (MyaHMt NCHMMI UM) LmAbj far YwfM Vissa VOY SIM PU PQI PGU PAGAN 306W SID HPA AN 307W SU M MALAYSIA: OOHSTUD SHIPPING AGWCKS KUI: 03-*****)00 PXI: 03-*****101 PHI: 04-2****** BANK LINE (A jmrki NOKTHBOUNP TO EUHOPE V CONTAINER, RORO, HUM I HEAVYUFTS
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  • Page 21 Advertisements
    • 1276 21 |VESStL VOY KHH HKO I SIN I PKL I DXB Ml DM* MC IRAN SATTAItI PCI 311 SKIP SKIP 17/05 It/OS 15/05 26/05 03/06 05/06 WAN HORMOZGAN PCI 312 20/05 21/05 24/05 25/05 01/06 02/06 01/06 10/06 UNDAVIA PCL 313 27/05 2S/05 31/05 01/06 OS/06 09/06 15/06 17/06 IRAN TEHRAN
      1,276 words
    • 487 21 UK CONTINENT SERVICE Loedng tor SMART RDM/ATW/BMN/UK/NAN GULSER ANA RD44/ATW/BMN/UK/NAN Loads Sngapore. t/W Mataysa. Indoneaa MIDDLE-EAST SERVICE Loadng tor BRAVE X)HN JDH/AQA PRABHU DAYA DBI/ABU/DOH/BRN/DMM/KWT PACIFIC SUN W JDH/AQA NEW BARONESS DBI/ABU/DOH/BRN/DMM/KWT IRINI DBI/ABU/DOH/BRN/DMM/KWT toads Sngaporc. E7W Malaysia. tndoneSM USA SERVICE Losing for AROURA AMETHYST CAM/NFK/SAV/NOL ALFONSO MZLAAX/VCW SEA BEE
      487 words
    • 936 21 m m m jbssa m m n »m izzis iz/fs DKiimn mi ii/ss 21/05 sue io/os Miaim 1 m nm 25/ os emoamm oosiw n/n 20/05 pat—taw Bt2 ta/os mwm 09S2W 21/05 77/ OS MAKMTA 7 BM7 79/05 31/0$ -MUMB6 sua ZZZSi 23/ os P*( ianoa ;< OS 74/05 P4C
      936 words


  • Page 23 Miscellaneous
    • 120 23 g REGIONAL WEATHER <BSS^S^«T V Issued by Meteorological Service Division,NEA LEGEND: <C Thunderstorm Wind speed symbols Showers Fu circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots tx Hazy A -One
      120 words