The Business Times, 22 May 2003
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2003-05-22
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The Business Times
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Title Section16 2003-05-22 1 MfTA (P) 024/03/2003 85* THE BUSINESS TIMES SING APORE Internet: http://business-times.asial .com.sg THURSDAY. MAY 22, 200316 words
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794 2003-05-22 1 Chuang Peck Ming - For sectors not affected directly by Sars, it urges pay freeze and faster wage reform By Chuang Peck Ming [SINGAPORE] About 12 per cent of Singapore's 2 million workers are expected to take a pay cut after the National Wages794 words
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Article, Illustration505 2003-05-22 1 Michelle Qoah - Move could position him for a clash with Wee Cho Yaw Michelle Qoah [SINGAPORE] After taking on the likes of Ong Beng Seng and Quek Leng Chan, Indonesian-born tycoon Oei Hong Leong now appears to be angling for a505 words
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522 2003-05-22 1 Catherine Ong - Bnt lawyers believe arrears may have gotten preference if board had acted earlier By Catherine Ong [SINGAPORE] Labour leaders have expressed concern over a High Court ruling that the Central Provident Fund (CPF) does not rank ahead of other unsecured522 words
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Article72 2003-05-22 1 sn 1,290.73 (-6.50) ST INDEX FUTURES 1*2*3.00 (-7.00) SIM3CI FUTURES 157.50 (-1.40) Wednesday Change KLSECOMP ***** +341 NIKKEI 225 8,0 IK. 51 -4097 HA.Mi SENG 9.059.80 +940 SET INDEX -***** +440 JAKARTA COMP 4662* +015 MANILA COMP 1.048.16 -6% TAIPEI WP1 4.***** 34.95 SEOTLl'OMP 600 57 -1.51 SHENZHEN B72 words
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Article73 2003-05-22 1 FOREX RATES US$ 81 ISS (SS per ISS) 1725 £(l SS/SS per 1643 2.833 OROH'SS/SS/E) 1.172 2(>2I YEN 116.7 6760 RM 3.800.- 2.203 HKS 7.799 4.521 BAHT 419:1 24.31 Rl'PIAH 8,325 4.826 RENMINBI 8299 4.811 INDIAN Rl PEE 4683 27.15 PRIME RATES SINGAPORE* 5.25 Kl ALA Ll'MPTR «.«J HONG73 words
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Article, Illustration652 2003-05-22 1 George Joseph - Bl George Joseph [SINGAPORE] The writing is on the wall. If Singapore Airlines pilots do not cooperate as their cabin crew colleagues have done, and accept no-pay leave and other wage cuts, they will face SIA in arbitration court.ARTHUR LEE - 652 words
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Advertisement46 2003-05-22 1 Commentary: Wage restructuring key to long-term survival, Pg 2 Reaction: Imbalance in wage, productivity growth puts jobs at risk: SBF, Pg 2 For the press release on the NWC wage guidelines, go to: http://business-times. asial.com.sg SIA may post first quarterly loss, Pg 3 Push n j^^SpHHl^^^H^^H46 words
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526 2003-05-22 2 Diana Oon Abdullah - RMBb injection will help economy achieve 4.5* growth; Mahathir From 1 Diana Oon Abdullah in Kuala Lumpur MALAYSIA yesterday unveiled a widely-anticipated economic package, including a 0.5 per cent interest rate cut, that should help economic growth reach the 4.5 per cent projected526 words
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365 2003-05-22 2 Strong productivity, better tone to financial markets support growth, he says Reuters Bloomberg (WASHINGTON) Federal Reserve chair man Alan Greenspan yesterday gave a guardedly optimistic view of the US economy, saying strong productivity and a better tone to financial markets were supportive ofReuters; Bloomberg - 365 words
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Article, Illustration215 2003-05-22 2 George Joseph - By George Joseph [SINGAPORE] SIA outgoing chief Cheong Choong Kong marked his last day at work with the national carrier yesterday delivering a warning to pilots to "pull along" with other staff during the present crisis. Ever modest, Dr Cheong said215 words
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784 2003-05-22 2 Anna Teo - MWC guidelines Get used to periodic pay cuts in future, says Anna Teo Anna Teo ONE little surprise in the latest IMD competitiveness report released last week is Singapore's top ranking among 29 small economies for you won't guess it manufacturing labour costs. Most784 words
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452 2003-05-22 2 Daniel Buenas , Leonard Lim - Pay rose twice as fast as productivity over last 5 years Ru\ Daniel Buenas Leonard Lim [SINGAPORE] In the five years between 1998 and 2002, the cumulative productivity of workers here rose 6.5 per cent, while corresponding real wage increased452 words
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Page 2 Advertisements
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Advertisement481 2003-05-22 2 Goods and Services Tax Workshops 2003 Dates What 18-19 June 2003 The introduction of GST in Singapore signalled a fundamental shift in long term 16-17 July 2003 fiscal policy from an emphasis on direct taxes on income to indirect taxes on 20-21 August 2003 consumption. Cuts were recently made in481 words
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SINGAPORE companies
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Article, Illustration670 2003-05-22 3 Ven Sreenivasan - But carrier will do all it can, including cost-cutting, to stay in the black By' Ven Sreenivasan AN unprecedented firstquarter loss at Singapore Airlines is a prospect but "not a foregone conclusion", outgoing deputy chairman and chief executive officer Cheong Choong Kong saidSource: HA - 670 words
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Article485 2003-05-22 3 ven sreenivasan - ven sreenivasan AS outgoing Singapore Airlines deputy chairman and CEO Cheong Choong Koong quipped before the start of yesterday's results briefing, the piped music in the elevator matched the performance of the industry and his company: slow, unexciting and sleepy. Faced with a crisis brought485 words
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Article, Illustration621 2003-05-22 5 New proposal sees SembCorp Marine buying SMOE to lower costs Bloomberg SEMBCORP Industries Ltd, Singapore's second-largest diversified company by value, is reviving a plan to combine its two marine units to lower costs and help secure more contracts. SembCorp Industries tried, and failed, last yearBloomberg; FILE PHOTO - 621 words
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Article, Illustration285 2003-05-22 5 Kenneth Lim - By Kenneth Lim LEONG Hin Holdings managing director Chan Chwee Leong has halved his deemed stake in the company after having divested another 15 million shares since last Friday. Mr Chan is now deemed to hold just 10 per cent ofFILE PHOTO - 285 words
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COMPANY Briefs
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72 2003-05-22 5 STAR Cruises reported net losses of US$2.2 million for the quarter ended March 31, compared with net income of US$6.3 million last year, despite revenue rising to US$4l2 million from US$36B million last year. The firm cited as a factor sharply higher fuel72 words
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73 2003-05-22 5 Bloomberg [HONG KONG] Shangri-La Asia, the largest luxury hotel operator in Asia, will scrap its proposed final dividend, saving about US$l4 million as hotel occupancy gets battered by the outbreak of Sars. The board of directors agreed not to pay a final dividend of five HongBloomberg - 73 words
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54 2003-05-22 5 SHIPPING group Cosco Investment (Singapore) Ltd has placed out seven million shares to Temasek Holdings-controlled SembCorp Marine. It placed out six million shares at 20.5 cents each, and one million shares at 21.5 cents each, on Friday. This raises Temasek's deemed interest in Cosco54 words
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Article82 2003-05-22 5 MEMORY-CHIP recycler EC-Asia International Ltd has launched its initial public offer, with its eyes set on overseas expansion. The Sesdaq IPO comprises 18.75 million new shares and 8.748 million vendor shares at 30 cents each. Placement shares total 24.748 million, with the remainder 2.75 million shares going82 words
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Article174 2003-05-22 5 PRIMA Ltd, one of the earliest company to be listed on the Singapore stock exchange, is caning it quits. Its controlling shareholder, Tai Ek Investment Holding Co, yesterday announced a hefty premium to take the cash-rich company private. The cash offer of $6.21174 words
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287 2003-05-22 5 Michelle Quah - By Michelle Quah CITY Developments' Lon-don-listed hotel arm Millennium Copthorne (M&C) has turned in a poorer performance in the first three months of this year, hurt predictably by war in Iraq and Sars in Asia. Ql net profit fell 36 per cent287 words
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Page 3 Advertisements
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Advertisement158 2003-05-22 3 It's gur third anniversary. And here's a toast to good health, great friends and fine wines. Salut! j EXQUISITE WINES, FINE DEALS <x I a s part of our 3rd anniversary celebration, \k J we're offering wines at prices you'll find 1 f JJL hard to resist. What's more, you'll158 words
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SINGAPORE markets
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222 2003-05-22 4 AFP THE euro hit a new fouryear high against the US dollar yesterday to flirt with its launch price after Washington raised its terror alert while fears of Japanese intervention kept the yen in check, dealers said. The euro traded at U551.1713 aroundAFP - 222 words
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Article, Illustration763 2003-05-22 4 r. sivanithy - STOCKS r. sivanithy SIZE matters. It's a saying that holds a lot of truth in many areas of life the stock market included. In some cases, small can be beautiful. For example, small counters are invariably preferred by most brokers who operate763 words
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Article, Illustration3487 2003-05-22 4 OTHER SINGAPORE INDICES May 21 VALUE CLOSE TOMB 98.00 +***** ■I®® 1 -*****.00 -22.00 -*****.00 -HO.OO 349.10 -2.09 121.98 -1.51 Fb 1084.63 -11.40 Pr«fi 306 89 -2.24 158.46 -1.10 SMSCtFatarM 157.50 -1.40 Stocks Vofcw UnJHberlOc 102,098,000 HortzonEduc 5c *****,000 Leong Hin 20c 23.107.000 Chart SemiCond 26c 19.052,000 TPVUSlC 18,263,000 BIL3,487 words
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Page 4 Advertisements
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Advertisement530 2003-05-22 4 BORDEAUX GRAND CRUs 2000 Pre-Arrival Offer! 1 En Primeur 2001' Wine (7Somfl St <Nett) Wine f7soml> ExstllW» Bahans Haut Brion 2000 99.00 Ch Mouton Rothschild 2001* 200.00 Carruades de Lafite 2000 96.00 Ch Palmer 2001 140.00 Ch Bernadotte 2000 45.00 Ch Pavie 2001 216.00 Ch Brane Cantenac 2000 140.00 Ch530 words
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Page 5 Advertisements
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Advertisement1507 2003-05-22 5 sia enqingemno company liithted (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of SIA Engineering Company Limited is pleased to make the following announcement:1 AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2003 GROUP 2002-03 2001-02 Change SSM S$M Revenue 878.1 835.6 5.1 Less: Expenditure (737.1) (631.9)1,507 words
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SINGAPORE news
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Article, Illustration244 2003-05-22 6 Kenneth Lim - rv/r mvvi pvwvwnpwfvai ■■i w |1 m J T*W 1 T| 1 f By Kenneth Lim BUOYED by high petrochemical prices, Singapore's first-quarter domestic wholesale trade index rose 22.5 per cent year-on-year, making it the third quarter in a row to post gains. AccordingSource: DOS - 244 words
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439 2003-05-22 6 Vince Chong - Move in response to economic changes and to align itself with initiatives by the EDB By Vince Chong ADOPTING a more flexible approach, JTC Corporation is planning to provide land, not just to its core industrial group, but also to sectors such as healthcare439 words
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Article275 2003-05-22 6 Samuel Ee - By Samuel Ee COE premiums for passenger cars climbed for a fourth straight tender yesterday amid what one industry analyst called a "buying frenzy". Category A, which is for cars below 1,600 cc, now costs $31,095 up $1,796 from the previous tender a fortnight ago. For275 words
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396 2003-05-22 6 Serena Ng - Serena Ng THE offshore practice of homegrown law firm J Koh Co has been acquired by top British outfit DLA a move that will see about half of the Singapore firm's lawyers relinquish their local practising certificates to join DLA's international396 words
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Article, Illustration81 2003-05-22 6 SINGAPORE'S media rivals yesterday joined hands to launch the Sars Channel, a public service project aimed at helping the nation fight the deadly outbreak by providing the latest information and updates on the virus. Wong Kan Seng, Minister for Home Affairs (extreme left), inauguratedJOYCE FANG/ST - 81 words
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Article, Illustration1057 2003-05-22 6 Transaction date: May 21 1MTERBAME CROSS RATES AS CS Ere HKS Mfa Yen Wan «M W2S NH» N»o Si *mi Sir WTS 8att Hm* USS Austral 0.887 5.467 0.562 5.138 30.849 54.841 0.789 7J68 2.503 1125 38.016 34.677 1.136 5.124 0.849 ***** 27.621 0.401 0.659 Canata 1.127 6.163 04341,057 words
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Advertisement303 2003-05-22 6 LttC' 8«r Services Lambda prints/ duratrans/ duradear Print direct from digital files/ CD/ zip/ email up to 50"X 3I inkjet print "banner vinyl sticker *silk screen window displays exhibitions *wall murals «mrt underpass »bus stop posters food trans food library •lightboxes »van stickers High resolution trans scanning *CD Duplication Artwork303 words
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Page 7 Advertisements
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Advertisement160 2003-05-22 7 f H5>.H fX i'%* '>« I'll 9 Network Indonesia launched on high note Economic relations between Singapore and Indonesia have always been warm To further expand on our existing relations, International Enterprise Singapore (IE Singapore) is pleased to announce the establishment of Network Indonesia, launched on 20th May 2003 by160 words
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EDITORIAL & opininon
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Article, Illustration767 2003-05-22 8 frank ching - THEHH| ■inisrsinjis OPINION frank ching THE organisation Reporters Without Borders, which is dedicated to defending press freedom, has released a sobering 10-page report on China's cyber police and the censorship and surveillance of Internet forums following a monthlong study. The report is767 words
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Article75 2003-05-22 8 'I favour not paying in full the debts incurred by Saddam Hussein's regime. That would send a healthy signal to financial markets that extending credit to dictators is not without risks.' -George Soros head of the world's largest hedge fund, who is seeking nominations from UN Secretary75 words
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Article606 2003-05-22 8 EDITORIAL WHEN will Japan leam that piecemeal reform is worse than no reform because it serves only to stave off the day of reckoning? Japan's economy and Financial system have been sinking deeper and deeper into a quagmire for more than a decade but, still, this lesson606 words
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Article, Illustration887 2003-05-22 8 Robert Somuelson - If a cheaper dollar rescues the American economy while plunging the rest of the world into recession, the triumph could be short-lived By Robert Somuelson The Washington Post Writers Group "LEX" Taylor likes the dropping dollar. Taylor's family-owned business in Louisville,The Washington Post Writers Group; AP - 887 words
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Article437 2003-05-22 8 How did it happen COMMENTARY Phnom Penh owes a better account of that night of anti-Thai violence Editorial in the Bangkok Post THE riots, violence and attempted murders lasted for a long and dangerous night in Phnom Penh. Prime Minister Hun Sen took just another day to apologise and sixEditorial in the Bangkok Post - 437 words
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Page 8 Miscellaneous
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Miscellaneous248 2003-05-22 8 CBTPTIC CROSSWORD 13 Choose to attack (2.3) 14 People in competition (4) 17 Beryl, perhaps, brought me 1 Wise enough to repair panties pers falsified facts(7) I 1I I 22 Temporary expedient to plug in my view (7) 31 Eccentric loner anchored in L l I I I I I248 words
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EXECUTIVE suite
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Article744 2003-05-22 9 Vince Chong - and a new train line. Vlnce Chong looks at what the Draft Master Plan for that region has to offer Vince Chong UNDER the Draft Master Plan 2003 for the eastern region, 23,000 new homes have been slated for the area known for food744 words
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Page 9 Advertisements
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Advertisement2103 2003-05-22 9 Notices CHUAN I CO HARDWARE PTE LTD (M COMPULSORY LIQUIDATION) NOTICE IS HEREBY GIVEN THAT A CREDITORS MEETING OF THE COMPANY WILL BE HELD ON THE 30lh DAY Of MAY 2003 AT 2JO PM AT 6 SHENTON WAY #32-00 DBS BUILDING TOWER TWO SINGAPORE *****9 FOR THE FOLLOWMG PURPOSE: AGENDA2,103 words
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Advertisement248 2003-05-22 9 IN THE MATTER Of THE COMPANIES ACT. CHAPTER SO ANO IN THE MATTER Of WAP PILING PTE LTD (IN COMPULSORY LIQUIDATION) COMPANIES WINDING UP NO. 30 Of 2003/E NOTICE IS HERESY GIVEN that the cr editors of ihc obo<Mnon#d conpooy, wK«rh it being wound up by on Order of Court248 words
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Advertisement215 2003-05-22 9 "prime address unbelievable rates" Grade A Building in Raffles Place Flexible Sizes from 1,000 28,000 sf Long Sub-lease Term Fitted Out or Bare Units Hi Highly Subsidised Rent Sole Marketing Agent Commercial 6531 8672 —I 6531 8670 Central location Allotted parking in front of unit i Various units from 1,000215 words
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REGIONAL news
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Article, Illustration399 2003-05-22 10 Diana Oon Abdullah - 8% of the company's share capital expected to be sold to local ftmds From Diana Oon Abdullah in Kuala Lumpur UP to RMI billion (5J454 million) worth of shares in Maxis Communications are expected to change hands in off-marketAFP - 399 words
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500 2003-05-22 10 KUALA LUMPUR Inproser, INS Zhen-Ao plan to begin operations at new hub next year THE pioneer tenants in Malaysia's Bio Valley, which was launched on Tuesday Dutch-based "nutriceuticals" Inproser Technologies and biofoods INS Zhen-Ao Biotech Corp hope the hub will work to their advantage.500 words
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Advertisement684 2003-05-22 10 STARTECH ELECTRONICS LIMITED (Reg No. *****220H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Startech Electronics Limited (the "Company") will be held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on 5 June 2003 at684 words
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REGION world
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289 2003-05-22 11 HONG KONG Security reasons cited for disqualification, reports SCMP Reuters Bloomberg INDIA'S Ministry of Defence has blocked a bid by Asian tycoon Li Ka-shing's ports-to-telecoms giant Hutchison Whampoa to gain its first foothold in a port project in the country, Hong Kong's SouthReuters; Bloomberg - 289 words
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202 2003-05-22 11 PUTRAJAYA, M'sia AFP MALAYSIAN Prime Minister Mahathir Mohamad yesterday said the euro will strengthen further and urged the country's business community to trade in the currency instead of just the traditional US dollar. "We should try to buy in dollars and sell in euro. WeAFP - 202 words
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195 2003-05-22 11 m SINGAPORE CITING an established bilateral protocol, Singapore has refuted allegations that an Asean agreement was breached when officials at the Woodlands Checkpoint sent a probable Sars case back to Malaysia. The Immigration and Checkpoints Authority (ICA) said in a statement on Tuesday that195 words
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249 2003-05-22 11 LONDON AFP US Financial information giant Bloomberg yesterday launched a new challenge to arch-rival Reuters with a push into foreign exchange services, a traditional stronghold of the British company. Bloomberg has forged an exclusive global distribution agreement with electronic foreign exchange dealer EBS to provideAFP - 249 words
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Article, Illustration454 2003-05-22 11 Bloomberg AFP AP Reuters [TOKYO] JAPAN'S econom ic growth is threatened by the spread of the Sars virus in Asia and plunging share prices, the central bank said, marking the first time in six months it has grown more pessimistic about theBloomberg; AFP; AP; Reuters - 454 words
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NOTEBook
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Article115 2003-05-22 11 AP AFP [BANDA ACEH) Indonesia's military said yesterday it has sent crack troops to halt arson attacks on scores of schools in Aceh, where a major offensive against separatist rebels was in its third day. The attacks stopped in the Bireuen district after the marinesAP; AFP - 115 words
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Article91 2003-05-22 11 Bloomberg [JAKARTA] A building in central Jakarta housing the offices of GE Finance Indonesia, Nike Inc and the Asian Development Bank was evacuated, tenants said. The incident, the second in two months, comes a day after the US raised its terror threat indicator to its second-highest level,Bloomberg - 91 words
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58 2003-05-22 11 Reuters {BANGALORE] International Business Machines Corp yesterday launched a technology centre in India that would provide design services for advanced chips and hardware boards to companies across Asia. The unit, based in Bangalore, is part of IBM's engineering and technology services divisions in theReuters - 58 words
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Page 11 Advertisements
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Advertisement1622 2003-05-22 11 SATS (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airport Terminal Services Limited wishes to make the following announcement:1 AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2003 THE GROUP 2002-03 2001-02 Change SSM S$M Revenue 958 8 95.3 7.0 Expenditure (729.9) (628.6) 16.1 OPERATING1,622 words
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Article1598 2003-05-22 12 BOOM FUTURES May 21 RUBBER Futures (Closing prices) RSS1 (S cenfeAq) Close Volume Open Month High Low Sott (tonnes) Interest Jun 03 179.25 Jul 03 170.00 Aug 03 167.25 Sep 03 166.25 RSS 3 (US cents/kg) Volume Open Month High Low Sott (tonnes) Interest Jun 03 103.50 103.50 W1501,598 words
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Article4904 2003-05-22 12 Transaction date: May 21 HONGKONG vd HKRmti 1.52 001 1701 HKS W- -too Hong Kong Electric 3090 010 2678 Hongkong Chinese 085 0.01 5158 Alpha General 0.25 -0.02 174 Hongkong Chinese Ltd 0.85 0.01 5158 AnandaWmgOn 0.01 unch 0 Hopewell Holdings 6 75 0.15 1803 Angang New Steel4,904 words
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Page 12 Advertisements
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Advertisement26 2003-05-22 12 70 words per minute. 30 sales calls per hour. H 1 Get your hands on the best. BpwmrhhbhApwm l Can 1800 *****22 jJ]_ Q Q 'Hi26 words
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WORLD news
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Article, Illustration472 2003-05-22 13 NEW YORK Financier underscores hedge funds' role in greenback's decline Reuters AP HEDGE funds and other speculative investors are back in the limelight in currency markets after billionaire investor George Soros said on Tuesday that he was selling the US dollar against most majorReuters; AP; Source: Reuters - 472 words
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WORLDWatch
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81 2003-05-22 13 Bloomberg [DOHA] Al-Qaeda's second-in-command has urged Muslim militants to follow the example of the Sept 11 hijackers and to target US, UK, Australian and Norwegian interests, A 1 Jazeera television reported. Ayman al-Zawahri, in a tape-recorded message broadcast by the TV station, criticised Arab states,Bloomberg - 81 words
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Article37 2003-05-22 13 AFP [RIYADH] The United States, Germany, Canada and Britain closed their embassies to the public from yesterday, fearing new terror strikes in Saudi Arabia as the hunt for Islamic extremists stepped up. AFPAFP - 37 words
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Article70 2003-05-22 13 [WASHINGTON] In the wake of the Saudi bombings, the US has broken off talks indefinitely with Iran because of intelligence indicating that Al-Qaeda operatives have taken refuge in the Islamic republic. The Bush administration has notified Iran, through Swiss, British and UN envoys, that70 words
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Article96 2003-05-22 13 AFP [WASHINGTON] Making his most optimistic pronouncement yet on the state of the US economy on Tuesday, Treasury Secretary John Snow said he believed a recovery was underway and would strengthen in the second quarter. "I think we're in a recovery with many elements ofAFP - 96 words
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66 2003-05-22 13 AFP [LONDON] British cellphone operator firm MMO2 announced an annual pre-tax loss of £10.2 billion (5528.9 billion) after slashing the value of its investments in third generation (3G) mobile telephony. The company took exceptional charges of £9.7 billion in the year to March, mainlyAFP - 66 words
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Article, Illustration503 2003-05-22 13 AFP Bloomberg [WASHINGTON] Two of the world's richest men investment guru Warren Buffett and financier George Soros on Tuesday denounced President George W Bush's plans to abolish dividend taxes as an unjust gift to the wealthy. Last week, the Senate passed a US$35O billion measureAFP; Bloomberg; BLOOMBERG FILE PHOTOS - 503 words
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Article340 2003-05-22 14 SAN FRANCISCO Earnings better than expected despite weakness in technology spending NYT Reuters A YEAR after its merger with Compaq, HewlettPackard posted fiscal sec-ond-quarter earnings on Tuesday that beat Wall Street's estimates despite continued weakness in technology spending. Earnings rose as HP managedNYT; Reuters - 340 words
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Article, Illustration511 2003-05-22 14 EXECUTIVE PAY NYT [NEW YORK) Shareholders frustrated by the way newspaper publisher Hollinger International is managed are turning to Hollinger's high-powered outside directors for help. Tweedy, Browne, a money management firm that owns 17.7 per cent of the outstanding shares of Hollinger, has asked theNYT - 511 words
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Page 13 Advertisements
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Advertisement1833 2003-05-22 13 4 SinGAPORE AIRLinES LIITMTEP M 7 (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airlines Limited wishes to make the following announcement 6 DIVIDENDS 1 AUDfTED RESULTS FOR THE YEAR ENDED 31 MARCH 2003 An intenm dividend of 6 cents per share, less tax at1,833 words
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Article6062 2003-05-22 14 Transaction date: May 21 U-Wk LMt Mi Day UMQmH G>Mv N» GrVW MM MCjb H>» law Ciapiy Sale ♦<- COOP) I— Hp i+m Cm Hi fcul ABNAmroNLG 56c 9 12 3.4 1388 It 9 ACE Dynan»cs20c 12.5 -1.5 4 14 12 5 13.5 14 5 100 160 1236,062 words
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Article1517 2003-05-22 14 524* Lai M Day Lact Qaote GrOhr OK GrYW Ml MCa M#I t— Cn«fW| M» W- fW( I— 8»yr SaOar Cw Ht Ml 115 73 ABRMtdgiJc 105 -05 104 ia$ 10 10.5 11 203 24 15 AP Ol 5c 18xd ,8 19.5 27 2 7.5 6.6 151 461,517 words
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Article314 2003-05-22 14 U-WII UM Vol Day LanQvote GrOhr W* GrYM MM MCaa I—r Cl«nm H* W- r—1 W» Cw W !■> 121 81 AV Jennings A25c A120 *1 172 121 120 119 121 40 3.4 8.3 7 2513 Cathey*ac20c MK720 265 2-1 7.4 6 *****-2 Cheung Kong50c HK17S0 240 6314 words
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Page 15 Advertisements
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Advertisement264 2003-05-22 15 )unf 2003 1.30pm 4.3dpm Mj Ballroom Lard 3, Singaporo|ni||4M 320 Orchard Road, Singapore *****51 To register, please your detailsaflsnoj«4rt*e/«J J designation, company name, company J I and email address to southasia@crystal#jra|Bns.com or J toe (6s) 6777 8786 with subject title Business J Wf Intelligence Seminar Singapore' S& i when it264 words
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BIZIT
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479 2003-05-22 15 It is poshing for an electronic seal-of-approval system for all e-mail marketing LATWP [WASHINGTON] Microsoft Corp is proposing a new legislative approach to battling junk e-mail, hoping to bridge a widening gap between various industry and consumer groups that threatens to bog downLATWP - 479 words
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242 2003-05-22 15 Reuters [SAN FRANCISCO] Intel Corp yesterday unveiled new processors and chipsets designed to bring to mainstream corporate and consumer PCs features now typically found only in higher-priced computers. Among the PC makers offering systems based on the new technology is Gateway Inc,Reuters - 242 words
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235 2003-05-22 15 Reuters [SAN FRANCISCO] Network computer maker Sun Microsystems Inc on Monday introduced two server computers that use Intel Corp microprocessors, part of its effort to catch up with the trend towards lowercost computing. Since the bursting of the dotcom and telecommunications bubbleReuters - 235 words
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Article, Illustration602 2003-05-22 16 Tang Weng Fai - IDA is spending $40m to fund more than 80 projects and train 600 IT personnel, reports Tang WengFai Tang Weng Fai SINGAPORE'S search for new tools to stimulate the local IT industry was taken a notch higher yesterday as the Infocomm Development Authority602 words
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Article, Illustration660 2003-05-22 16 kenneth james - INFOTECH Developing Web services Is still a knotty challenge kenneth james ABOUT a year ago, Network World profiled three pioneers of Web services. This was the time when, in the words of the newsweekly's just-released update article, "the hype meter on the emerging technology was660 words
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204 2003-05-22 16 It is aimed at users who edit digital photos on PCs Bloomberg [SINGAPORE] Creative Technology Ltd, the world's leading maker of computer sound cards, introduced its first computer graphics chip for home personal computers, a year after its acquisition of chip designer 3DBloomberg - 204 words
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Article2233 2003-05-22 15 Transaction date: May 21 KUALA LUMPUR 'S Val General Soil 1.26 unch 0 m rooo Genting 12.30 020 1921 1= George Kent .024 unch 0 A&URpatN 0 70 001 2 Globetromcs Tedi .4.58 -0.10 102 Abrk 0 67 -002 63 GlomacBhd 1.50 0 02 356 003 Advance Synergy 0322,233 words
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Article669 2003-05-22 15 Transaction date: May 21 O— OH MMI— m Ow OM» &41 <L» -0010 MMXk C» IM# OCCS CK B*l un «<IM0 OCBC <■ MM <mi C— m-gO IM I MO 0030 out OS* SJM -«0V OwitaMGonAMc 047 0X5 4*tS CM 4720 MMS GfeDavMk IM l« HudMCA <LM tm 4JEB669 words
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Article501 2003-05-22 15 BONDS WARRANTS Last Vol Cmm bat One Gaar-^iSS cii»i 8* ««r- rmm mw n k» AST1W*****1 4 1 16 54 3.25 II Acma ltd W*****6 2 1 50 TOO 3.25 II ArmekW*****0 -54.5 05 5 1 33 151 25 Armstrong W*****0 25 1 10 56 320 12 Boustead W*****2 1501 words
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Page 16 Advertisements
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Advertisement22 2003-05-22 16 ***** Warn* Bros —U S Canada Bahamas Bermuda C 2003 Village Roadshow Films IBVI) llmltwt—all other territories C2OOJ Samsung Electronic* Co IM22 words
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SHIPPING TIMES
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Article268 2003-05-22 17 Reuters THE Baltic Dry Index rose 2 points to 2337, the Baltic Capesize Index rose 20 points to 3155, the Baltic Panamax Index fell 18 points to 2293 and the Baltic Handymax Index rose 37 points to *****. TIME-GHABTER: Andros Warrior (built 1986) *****1 dwt 12/13.2 on 48Reuters - 268 words
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Article269 2003-05-22 17 MI '000 T*i rti cwfw$tr5utio»TIZaM -0.01 24 Chuen Hup 0.38 unch 75 CM Offshore 0.19 unch 47 Cosco Investment ....0.24 -0.01 1314 Freight Links 0.04 unch 0 GB Holding! 0.58 0.02 5 Jeye Holdings 0.34 -0.01 372 KeppelCorp 4.40 0.04 1073 K1 Venture 0.17 unch 278 Keppel Tele269 words
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Article, Illustration670 2003-05-22 17 Beth Jinks - BTIsmilUWJ Yantian, Shekon have not met expansion plan targets APL exec By Beth Jinks [SINGAPORE] A severe bottleneck is looming in the coming months at alreadystretched container terminals in China's second busiest port city, Shenzhen, APL's China head has warned. Greater China presidentFILE PHOTO - 670 words
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Article, Illustration558 2003-05-22 17 Donald Urquhart - PSAnnit acquired marine business of S'pore-based firm last year By Donald Urquhart [SINGAPORE] PSA Corporation has quietly been building up its marine services division both at home and overseas in anticipation of heavy demand, its recently released annual report revealed.FILE PHOTO - 558 words
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280 2003-05-22 17 Shipping firm allegedly broke US trade embargoes on several countries AFP [NEW YORK] The United States has opened a criminal investigation into shipping giant Stolt-Nielsen SA for allegedly breaking US trade embargoes, the Wall Street Journal said on Tuesday. Stolt, one of theAFP - 280 words
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214 2003-05-22 17 Bloomberg [HONG KONG] Star Cruises Ltd, the world's fourth largest cruise line operator, had a loss in the first quarter, hurt by higher fuel costs, and as the outbreak of Severe Acute Respiratory Syndrome (Sars) led to cancellations. For the three months endedBloomberg - 214 words
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LOGISTICS news
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576 2003-05-22 18 New trucks will be introduced over several months in 4 US cities AP [WASHINGTON] The FedEx Corp announced on Tuesday that it planned to replace 30,000 of its delivery trucks with energy-saving, environmentally friendly hybrid-powered vehicles. The company said that it hadAP - 576 words
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Article, Illustration59 2003-05-22 18 [PARIS] One of Air France's supersonic Concordes seen at Roissy-Charles de Gaulle airport, north of Paris, on Tuesday. Air France last month announced that Concorde planes will stop flying as of May 31 because of soaring costs and poor passenger demand, ending an era of elite trans-Atlantic travel.AP - 59 words
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236 2003-05-22 18 Bloomberg [COLOMBO] Ceylon Petroleum Corp, Sri Lanka's state oil company, said it will open a new storage terminal for jet fuel at the country's international airport in Colombo by the end of this month. The new terminal at Bandaranaike International AirportBloomberg - 236 words
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Article115 2003-05-22 18 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink 4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Fujitrans 2 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien Hung115 words
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Article9041 2003-05-22 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Dest'n Name Name Number Number 06/06 17/06 COSCO TAI HE 224W 65******00 TO ABIDJAN (ABJ) 2003 Cota D'lvoira *>/06 W06 ChmaShpg ASTA RICKMERS 0062W 65 ******9* 29/059,041 words
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SHIPS IN PORT
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Article612 2003-05-22 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL JAYA INSTALL 0103 J13 A/SIDE 22/05 1630 ATRIA JB0504 J4 22/05 1000 22/05 2300 BAYSWATER228 E3114 J3 22A)5 1730 22/05 2359 BTBPUTRA MAY22 J1 22/05 1500 22/05 1930 BTJREXPRES *****3 J1 22/05 0800 22/05 1500 BT KARSAM1 1MAY03 J1612 words
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Article2000 2003-05-22 23 CONTAINERS TERMINAL AMD VESSEL SCHEDULES Vessel Out In Ith Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX SAKURA 017N 017N *****003 1500 **********00 ACXVtOLFT 056S 056S 1 *****003 1500 2605/*****700 ALSABAHIA C235E C235E 1_ *****003-06 00 *****003 1600 /MA—IOTA 1 1 a05fl»lMD OBflaB-HM KB Aft CORAL2,000 words
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Article134 2003-05-22 23 May 26 U.K.: Spring Bank Hoi U.S.: Memorial Day May 29 Indonesia: Ascent ion Day France: Ascention Day Germany: Ascention Day May 31 Brunei: Armed Forces Day Jon 1 China: Children's Day. Jon 2 Italy: Anni of the Rep. NZ: Queen's Birthday. Jan 4 Hongkong:Tuen Ng Festival. Taiwan:134 words
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Article793 2003-05-22 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 average sized stem Market movements are indicated The Cockett Bunker Price Index change and793 words
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Article481 2003-05-22 23 Cwtoa 180 Mai ***** 0.7 ISJ 0 06 H4 0.03 Ha« IS Omit? Mater InidM AikAlwwntui* Sedtawflt No *x»* £25 4 0 3 0 22-12 ==2 j8o 981.2 OJ 13.3 0.04 0.02 uiZ 380 Mai 991.9 15 18.4 0.07 74 0.05 M/IT3 ift %M» m/m «n>K481 words
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AIR&LAND transport
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Article, Illustration580 2003-05-22 24 Group effort to cat costs with balk purchases coold spark industrywide trend AP [NEW YORK] In an effort to negotiate lower prices from aircraft manufacturers, airlines around the globe are teaming up to design and purchase identical planes. If these nascent effortsAP; FILE PHOTO - 580 words
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Article, Illustration377 2003-05-22 24 SARS IMPACT ON AVIATION AFP [HONG KONG] Hong Kong flag carrier Cathay Pacific Airways Ltd said yesterday it will resume full services to 10 destinations on June 1 to meet strong demand for cargo transport, which has held up even as SarsAFP - 377 words
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145 2003-05-22 24 AFP [WELLINGTON] Air New Zealand said yesterday its April load factors came under pressure as the Sars outbreak made itself felt in the region, with its routes in Asia badly hit. The company said its April total passenger load factor stood at 69 perAFP - 145 words
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Article, Illustration360 2003-05-22 24 Airports graded in terms of overall passenger satisfaction AFP [SINGAPORE] The Dubai, Singapore, Hong Kong and Copenhagen airports were ranked the word's top four in terms of overall passenger satisfaction, a survey by the International Air Transport Association (lata) showed yesterday. Dubai International AirportAFP; FILE PHOTO - 360 words
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225 2003-05-22 24 AFP [SHANGHAI] China Eastern Airlines, one of China's major carriers, said it is suffering record losses, haemorrhaging US$2.4 million a day due to the Sars outbreak, state press reported yesterday. "Our normal flights have been seriously affected since April, with the passenger occupancy rateAFP - 225 words
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261 2003-05-22 24 AFP [WASHINGTON] Improving the screening of air cargo which in many instances is loaded onto commercial passenger aircraft virtually unscreened is the next major priority in improving US air safety, Homeland Security Secretary Tom Ridge said on Tuesday. AirAFP - 261 words
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212 2003-05-22 24 Xinhua [BANGKOK] Thai Airways International (THAI), the national flag carrier, is considering an alternative air-route between Bangkok and major cities in the United States, aiming to help save both travelling time and costs. The move followed the opening of the skyXinhua - 212 words
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Article1968 2003-05-22 24 cm Flight ETA fUCHT no 8*7306 *05 LH9763 2350 MM 8*7381 *40 8*7382 2215 1805 Vai 2350 or*t #40 gru zn s® 3 2350 kmtfrtm $02} 0*05 6*974 0130 _BR—5® *1837 1455 KU38 2255 F«kM MFS53 1625 —8 MM am 6««i«rto« S0603 1910 C2352 0810 AtkMS1,968 words
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Page 17 Advertisements
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Advertisement21 2003-05-22 17 Airlines team up to buy standardised planes Dubai, Singapore airports top FedEx to switch 30,000 trucks to hybrid vehicles Page 221 words
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Page 18 Advertisements
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Advertisement658 2003-05-22 18 I IMPORT I NORTH AMERICA |j~|| AUSTRALIA/NEW ZEALAND I ISUPOI SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) VPSa VPSB VOT BK STP MB Ml Hti 7 PIC ooawwrow 30W1I 07/05 25/05 27/05 API IVOtT SON 10/05 12/05 14/05 H/05 20/05 15/05 17/05 OOOAMBICA MWI« 14/#5 01/OO 03/06 PtO NBUOTO ADOABf658 words
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Advertisement481 2003-05-22 18 Lines services represented by Members of the Registry of Members of the tf§j9| AamJHed Shipping Agenh, Singapore log.shcs Singapore Association Assock^ gg ULY UNE MALE ArtSSE VOT ETA EIA ETA A r. KLAWG SfOtE mil Mold Star 539 A 23/05 25/05 03/06 Princess Lity 0503 04/06 06/06 15/06 Mold Carrier481 words
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Page 19 Advertisements
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Advertisement1062 2003-05-22 19 TO USA (SAX SERVICE) WSStL VOT SM FfA LAX OAK. DAI HOU CHI COl MIM Ml HT( An>tlG<UM 1151 20/05 12/06 16/06 17/04 17/06 17/06 17/0* 17/0* 20/06 ~20/06 AftSWlOtl< 0071__04/06_ 19/06 23/06 24/06 24/06 24/06 24/06 24/06 27/06 27/06 Aft HOLLAND 1171 11/06 26/06 30/Q6 01/07 01/07 01/07 01/071,062 words
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Advertisement1523 2003-05-22 19 'VPCUM OH SiIVKI FtM SHMAPOtfIO BUCK SU VU Mil MWIWMW lions «MRAI MOTS M SOKAFOOi: 00 OOOMSOHIO 017-00 SAUS/OKS m UMUW/11 1 UTCMVSK (HIAINE) MUK SEM!"" 18 issnrs- SFJff ssf wmomuwmMmM) Sons mun»c nrtrr VS» Ig MNilti *****314/44 I m:Visum munum 447«5«5« *****700 RfBTTUtSMTSKIMS 15l*0T SGP HKC SM M II1,523 words
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Advertisement454 2003-05-22 19 iHwim !SL I I -W- »0T TTTSM JKT 3M? —'S-WfW l^ |*RAIHHUM IffH I t/4 111/4 11/4 17/4 If/4 21/4 NDtIIHUM 02S 7ji h074 •Wtswrhw pic mo sw uc -s» WgTaMoot Wlt K* 10 HUMS* IHUM M0441?3/5 1/4 12/4 S/4 ToTi 4/4~ IQK 1/4 V 4 113/4 17/4 ~H/4 KMTCIimil454 words
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Page 20 Advertisements
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Advertisement1132 2003-05-22 20 HMW-' HYUNDAI MERCHANT MARINE CO., LTD. 111.1f.1l »»»t—ll-w *0- HWHOMOH |v«ga vdt "35" ~sou~ ant ~mm m nssa vot sou ta iw ant nam ~~m~ TT HY FREEDOM 313W 10/ M 11/ M M/M M/M M/M MOl PRECISION OOOf 01/W 01/0$ lf/M N/04 M/M API COKAI 112W Jl/0$ 01/ M1,132 words
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Advertisement543 2003-05-22 20 WAN HAI LINES I 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 moro details, call HOTLINE: *****588/1800-*****00 rasa w m m m lcm mm mr ASIA EXPRESS II3A SAJUD543 words
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Advertisement643 2003-05-22 20 BSA x MYANMA BB FIVE STAR UNE (MyMHMT MHIMI UM) Lm*b| for YmfM vtssa vot sm m m pgu PAGAN 304W SLO MP* AM 307W SLD IN BALATSU: IOUSTUO SHIPPING AGtNCK S KUL 03-*****300 PtL 03-*****101 PEN: 04-2****** BANK LINE (A Mrvkt of Aatrnr Wak SMppMf) 1 NORTHBOUND TO EUKOPf643 words
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Page 21 Advertisements
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Advertisement819 2003-05-22 21 VOY KHH HKO SIN I PKI DXI »AI DMM Mt IRAN HOftMOZGAN PCL 312 20/05 21/05 24/05 25/03 01/06 02/06 03/06 10/06 m 3,3 27/05 23/05 31/05 01/06 03/06 09/06 15/06 17/06 UNDAVIA PCL 314 03/06 04/06 07/06 03/06 15/06 16/06 22/06 24/06 "WUM PCI 315 10/06 11/06 14/06 15/06819 words
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Advertisement462 2003-05-22 21 UK CONTINENT SERVICE Loadvig for SMART RDM/A TW/BMN/UK/NAN GULSER ANA ROf4/ATW/BMN/UK/NAN Loads Singapore. E7W Malaysia. Indonesia MIDDLE-EAST SERVICE Looting tar BRAVE JOHN JDH/AQA PACIFIC SUN N JDH/AQA MARILIS T DBI/ABU/DOH/BRN/DMM/KWT "Loads Sngapoiß, EJW. Malaysia, Indonesa USA SERVICE Loading tor AROURA AMETHYST CAM/NFK/SAV/NOL ALFONSO MZL/LAX/VCW SEA BEE CAM/NFK/SAV/NOL toads E7W Malaysia.462 words
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Advertisement732 2003-05-22 21 wot ff "£f MZM 24/ os mc hntam nri n/S 54; to_. SB —B£ Mh —:®===sf=Jf= F^tSE —I —gs a& s«- I Sffl 1 -gg~ ric uS* si teiM 4=3i=r -M is- a.. s sa aa —sjs —s«- Pz^-s«-I wiuu mum IH4??— I*9 Bf W 12(8 N/0* 10/0* 07/06 MWttf732 words
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Page 23 Miscellaneous
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Miscellaneous121 2003-05-22 23 I REGIONAL WEATHER^^^^^Ss\ 7/W 22 2^ Issued by Meteorological Service Division,NEA LEGEND: I 'C Thunderstorm Wind speed symbols Showers Full 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 ex Hazy121 words
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