The Business Times, 23 May 2003

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Total Pages: 26
1 26 The Business Times
  • 14 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE FRIDAY MAY 23 2003 Internet: http://business-times.asial.com.sg
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  • 640 1  -  Govt takes np NWC suggestion to set np task force to drive wage reform By< Chuang Peck Ming [SINGAPORE] Going beyond the National Wages Council's recommendations, ministers and senior government officials are setting the example for the economy at a difficult time
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  • 766 1  -  By i Catherine Ong [SINGAPORE] The National Trades Union Congress (NTUC) is lobbying for changes in the law to protect workers' wage claims when a company goes into judicial management (JM). But any such move is likely to be opposed
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  • 804 1  -  Affiliates will be forced to sell stakes in UOB, OCBC: analysts By Catherine Ong [SINGAPORE) The Monetary Authority of Singapore (MAS) has proposed rules to limit cyclical shareholdings within banking groups, a move analysts said will force financial affiliates of United
    Source: MAS  -  804 words
  • 725 1  -  Top managers take 27.5% pay cut, but this isn't enough By Ven Sreenivasan [SlNGAPOßE] Singapore Airlines is poised to drop the axe on its workforce in what will be its first major retrenchment in its 56-year history, even as it announced steep cuts in
    Source: SA  -  725 words
  • 72 1 sn 1,305.70 (+14.97) ST INDEX FUTURES 1,305.00 (+2100) SIMSCI FUTURES 150.30 (+2.80) Thursday Change KLSECOMP -Milk 1.88 NIKKEI 225 8.(6166 -:B 15 HANG SENG 9.1-11.49 *7169 SKT INDEX 3**62 125 JAKARTA COMP 465.13 116 MANILACOMP .1.051.44 +5.28 TAIPEI WP1 4.271.*) *5466 SEOI LCOMP -595,18 -5.I9 SHENZHEN B 216.20 *222
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  • 84 1 FOREX RATES US$ S$ ISS (SS per I SS| 1726 J£(l'SS/ SS per S| 1 KM 2. *211 ElMHt SS/SS/E). 1.165 2.011 YEN 117 6 6*iU RM 18N iUtt HKS 7.799 4.519 BAHT 4203 24 35 RIP1AH M25 4.824 RENMINBI 8299 4iN» INDIAN Rl'PEE 4692 27 19 PRIME RATES
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  • Page 1 Advertisements
    • 75 1 J m Our focus is that everybody must have 'Vpr 7 a Job. Then we do the things that give people Jobs, and that is, you create the environment for investment, make Singapore attractive. J -Secretary-General of the NTUC and Minister f Without Portfolio Um Boon Heng speaks to BT
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    • 122 1 g «Mille Miglia» The sporting spirit by Chopard V t-- 1^ s Available at selected watch specialists and Chopard Boutiques worldwide. IN SINGAPORE: Chopard Boutiques: 391 Orchard 1 Road, n* 01-18 Ngee Ann City. Tel. 65/6733 8111 435 Orchard Road, n* 02-36 Wisma Atria, Tel. 65/6737 6451. Dickson shops: Wisma
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  • NEXT page
    • 682 2  -  Governors of all nine provinces meet BG Yeotodiscnss feasibility of idea From Shoeb Kagda in Jakarta RECOGNISING the need to forge a common market, Sumatra's nine provinces are now seeking to engage Singapore as one economic entity to foster greater trade and investment
      682 words
    • 750 2  -  Mapletree hopes developers will form consortium to bid for site By Andrea Tan, Kalpana Rashiwala [SINGAPORE] The site for the mega Business Financial Centre (BFC) in Singapore's New Downtown is unlikely to be launched this year because of the weak office environment and
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    • 567 2  -  By Wong Wei Kong [SINGAPORE] Tycoons Oei Hong Leong and Ong Beng Seng, who fought a bitter takeover battle for Nat Steel, are now heading for an open clash over the way the steelmaker has drafted shareholder resolutions to approve
      FILE PHOTO  -  567 words
    • 525 2  -  Bat some say it's not easy to find more fat' to cut Vince Chong [SINGAPORE] Firms polled by BT yesterday expressed support for the National Wages Council's recommendations on further wage reductions, but added that it would not be easy to find more "fat"
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  • Page 3 Advertisements
    • 205 3 The New 2003 GRAND /">••-•,-JBy -i fM9f Sheer t f* K jtL ft A It's morr- than |ust rugged good looks. Ihe new Caand V'tara now boasts a more refined and sporty I > Ivmmi r ,jbin with r>r> elegant If-r trolumtnesc ent clispl<iv, <1 stylish seating and <i powerful
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  • SINGAPORE companies
    • 601 3  -  Punters also swarm into Haw Par after he raises stake above 5% By\ Michelle Quah OEI Hong Leong's buying frenzy on the Singapore bourse has spread to Jurong Engineering Ltd (JEL), which yesterday said the seasoned investor bought a huge 14.87 per
      601 words
    • 693 3  -  CORPORATE ANALYSIS By i George Joseph EVEN as it struggles to manoeuvre out of the industry's worst turbulence in history, Singapore Airlines has run into another storm. Strained as management's energies already are, it now has to deal with the grievances of its
      FILE PHOTO  -  693 words
    • 349 3  -  George Joseph THE pilot group at the centre of the spat between the Air Line Pilots Association of Singapore (Alpa-S) and Singapore Airlines management was incorporated as a company in 1999 in Mauritius. SLA Mauritius, as it is called, is a wholly-owned subsidiary of Singapore Airlines.
      349 words
    • 343 5  -  Telco to make $544 m gain over book v&lne as ÜBS took up more shares By Angela Tan ABOUT a week after Singapore Telecommunications said it would gain $474 million from the 60 per cent sale in Singapore Post, the telco yesterday
      AFP FILE PHOTO  -  343 words
    • 598 5  -  lock siew wong wei kong IF nothing goes amiss, government investment arm Temasek Holdings will soon find itself in the driving seat of Indonesia's Bank Danamon. But for some, the deal still leaves open one question: Does the acquisition fit in with the recently-unveiled Temasek Charter?
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    • COMPANYBriefs
      • 71 5 THERE is no letting up in Wee Cho Yaw's buying at United Overseas Land, as his family vehicle Wee Investments declared it did more transactions on Tuesday and Wednesday to further tighten his grip over the property arm of United Overseas Bank (UOB). The
        71 words
      • 136 5 AUSTRALIAN home-builder AV Jennings (AVJ) yesterday posted a near-doubling in net profit for the year ended March 31 to A 556.8 million. The 93 per cent earnings jump came on the back of a 13.6 per cent rise in turnover to A 5529.5 million. AVJ
        136 words
      • 70 5 MAINBOARD-LISTED Ocean Sky, which manufactures textiles and speciality apparel, yesterday reported a 14 per cent increase in first-quarter net profit to $3.5 million. Turnover for the company increased to $46.4 million, up 15 per cent from $40.4 million in the corresponding period
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      • 64 5 KEPPEL Engineering Pte Ltd, a wholly-owned subsidiary of Keppel Corporation which is held via Keppel Integrated Engineering, has secured a $200 million sewerage engineering contract from the Public Utilities Board (PUB). The contract is not expected to have any significant impact on the net
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      • 81 5 FOOD and beverage group Food Empire posted a 31 per cent rise in net earnings to $2.9 million for its three months ended March 31. Revenue rose 44 per cent to $29.4 million. The company's performance in its core markets of Russia, Eastern
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      • 60 5 PRECISION tool maker Micro-Mechanics said yesterday it hopes to offer 22 million new shares, or about 20 per cent of its enlarged share capital, by June for an eventual Sesdaq listing. The company, which caters to the niche market of consumable parts for semiconductor assembly, has
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  • SINGAPORE markets
    • Article, Illustration
      3535 4 OTHER SINGAPORE INDICES May 22 VALUE CLOSE 111 184.00 +86.00 IT CAW -*****.00 +102.00 8T 10-4«y MA +18.00 IWMIw 354.52 +5.42 124.83 +2.85 SCIfrriMnFte 1096.41 +11.78 WminhBp 312.38 +5^49 160.78 +2.32 SMSdFBterM 160.30 +2.80 tfi i 4 n .4 >tocu Vcwni N«?"Wave 5c J *****,000 Urnflber ICte 40.249.000 Chart S«nwCond
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    • 775 4  -  1-11 comment STOCKS r. sivanithy YOU'RE not supposed to say it out loud, but it's a fact that markets are still obsessed with the "R" word. They used to be worried about the "G" word, but once Baghdad bit the dust in early April, all talk of
      775 words
    • 264 4  -  Byy Ven Sreenivasan OEI Hong Leong is at it again. Fresh from his battle for control of Nat Steel, and having recently raised his stake in BIL International, he seems headed for a face-off with Wee Cho Yaw. At least, that's
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  • Article, Illustration
    1063 4 Transaction date: May 22 DITERBAMK CROSS BATES A$ C$ Bwt Earo HK$ >ndfs hpta* Yw Won 8M ItZS P*«» Ptio SS tend Sir WTS 8att hwd g Austral* 0.891 5.441 0163 5.113 30.763 ***** 0.771 7137 2.491 1.130 37.798 34.740 L132 5.149 0151 22.826 ***** 0.401 0.656 Cauda 1123
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  • Page 5 Advertisements
    • 185 5 If be world's I st massage chair that synchronises massage and music. H I*" P* I 1 I 77?f revolutionary f A whole new world awaits you. Transcend to a Features: Sure-Win Instant Dip* whole new world of peace and relaxation on the A built-in CD player for a massage
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  • EDITORIAL & opinion
    • 774 6  -  mr.i I bottom line OPINION david mason POLITICAL life in the UK, having been moribund since the last general election, when New Labour was returned with its unassailable majority, has started to wake up. Several major issues have started to be debated and these
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    • 89 6 They made a show for the American attack on the hospital (like) action movies (starring) Sylvester Stallone or Jackie Chan.' -AmnarUday an Iraqi doctor, to the HHC about the supposed 'heroic' rescue of Pvt Jessica Lynch, as reported by the US military and breathless American media. 'If
      89 words
    • 560 6 EDITORIAL SAVE jobs, by cutting wages if necessary. That's the bleak message that most Singaporeans would have read into the latest recommendations of the National Wages Council (NWC). Important though that is, the recommendation that needs urgent heeding is the call to reform Singapore's seniority-based wage
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    • 936 6  -  SIA will bounce back if it accepts necessary albeit painfnl measures. It can then exploit opportunities that always accompany adversity By Cheong Choong Kong I CANNOT leave SIA after 29 years without saying goodbye. Yesterday (Wednesday) was my last
      AIRBUS: THE STRAITS TIMES  -  936 words
    • 386 6  -  maili.tt: Halimah Yacob (Mdm) Assistant Secretary-General NTUC I REFER to the report "Ruling on CPF claims in JM case upsets labour leaders" (BT, May 22). The Chew Eu Hock Construction case illustrates the kind of hardship that workers will suffer if there is
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    • 227 6  -  Low Cze Soo Company Secretary Inter-Roller Engineering I REFER to your report on Inter-Roller Engineering turning profitable (BT, May 17). I would like to point out that InterRoller Engineering is a publicly listed company. Hence your reference to "Lim Yong Wah's Inter Roller Engi neering ..is
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    • 124 6  -  Tai Li-Lion (Ms) Public Affairs Officer for Permanent Secretary Ministry of Foreign Affairs IN his diatribe against the Bush Administration, Thomas Carothers launched an unwarranted attack on Singapore ("Punishing Democracy", BT May 21). Mr Carothers claims that the Bush Administration "rushed to
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  • SINGAPORE news
    • 242 7  -  =1 on the economy impact of sars By 1 Leonard Lim SARS has affected 70 per cent of Japanese companies and affiliates operating in 12 areas of East Asia, says an emergency survey by the Japan External Trade Organisation. The poll, which was
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    • 204 7 THE Integrated Sourcing Initiative (ISI) in the USSingapore Free Trade Agreement (USSFTA) would raise investment and labour standards in the region, according to Singapore's chief negotiator for the agreement, Tommy Koh, yesterday. The ISI, which is embedded in the agreement, allows some informationtechnology and
      204 words
    • 387 7  -  Bernard Kong, formerly of HER picked from group of over 50 candidates By Kalpana Rashiwala SENTOSA Cove Pte Ltd (SCPL), master developer of a sprawling waterfront housing project on Sentosa island, may be moving to launch the first plots this year as it appoints a
      387 words
    • 352 7  -  Far East, UOL and Singapore Land involved in this weekend's launches By' Vince Chong DEVELOPERS will release over 150 new homes tomorrow as they jump to take advantage of the sales momentum built up in recent weeks. Far East Organization's 100-unit phase one
      FILE PHOTO  -  352 words
    • 338 7  -  By] Denesh Divyanathan THE Court of Appeal reserved judgment yesterday on an appeal by members of Raffles Town Club (RTC) against a High Court ruling last year which threw out their suit against the club. That means that the 4,885 RTC "founder members" who
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  • Page 7 Advertisements
    • 251 7 Just follow these 3 easy steps for a fantastic holiday! Choose your Package for 2 adults and 2 children (under 12 years old), inclusive of accommodation, y ht. t V breakfast and Easy Dollars to spend at any of our 39 restaurants and bars. '"m PACKAGE A $368+++ PACKAGE B
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  • REGIONAL news
    • 478 8  -  Listed vehicle bays 385 ha plot near airport from firm linked to tycoon From, Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Syed Mokhtar Al-Bukhary is using his new listed vehicle Pernas International Holdings to develop areas surrounding Johor's Senai Airport, which
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    • 398 8  -  From, DianA Oon Abdullah in Kuala Lumpur MALAYSIAN banks will be allowed to cut deposit rates by up to 0.3 per cent, even as they reduce borrowing rates by 0.5 per cent, central bank governor Zeti Akhtar Aziz confirmed
      AFP  -  398 words
    • 314 8 JAKARTA Bloomberg INDONESIA will sell a controlling stake in PT Lippo Bank in the second half of this year as it steps up efforts to recoup more than US$5O billion spent bailing out lenders. "We expect the government to discuss the sale of Bank
      Bloomberg  -  314 words
    • 262 8 Exec says it's overweight in Ana and positive about region in long-term Reuters {SINGAPORE] The Government of Singapore Investment Corporation (GIC), which manages the city state's reserves of US$lOO billion, said there was likely to be no long-term impact on its Asian investments
      Reuters  -  262 words
    • 143 8 SINGAPORE THE Singapore government has expressed regret at the breakdown of last December's cessation of hostilities deal between the Indonesian government and the Free Aceh Movement. "We shared the hopes of the international community that the dialogue could have brought about a peaceful resolution
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  • Page 8 Advertisements
    • 1928 8 ■Lb CHUAN INVESTMENT PTE LTD NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that a meeting of the creditors of the abovenamed company wi# be held at c/o Dekxtte Touche, 6 Shenton Way, #32-00, DBS Bmttng Tower 2. Singapore *****9 on the 30th day of May 2003 at 3
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    • 530 8 IN THE MATTER Of THE COMPANIES ACT (CHATTER SO) AND IN THE MATTER Of SHEYEN COMPANY (PTE.) LTD. (Incorporated in the Republic of Singapore) (In Liquidation) n-t l_ f*#fno#r» vOl •_»ntor y Tfinow^up Al an Exiro-Ordinary General Meeting oi Members oi SHEYEN COMPANY (PTE.) LTD. corwened and held al No
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  • REGIONAL world
    • 523 9 NEW YORK German firm defends blood-clotting medicine for haemophiliacs Reuters A UNIT of German drug and chemical maker Bayer AG sold medicine in Asia and Latin America in the 1980s that carried a high risk of transmitting Aids even as it sold
      Reuters  -  523 words
    • NOTEBook
      • 80 9 AFP [TAIPEI] A Taiwanese company, called Dr Chip Biotechnology Inc, yesterday claimed to have developed a new 1.4 cm by 1.4 cm biochip that which probes that can detect Sars even during the disease's incubation period. A company official said the test took four
        AFP  -  80 words
      • 39 9 AFP [HONG KONG] Hutchison Whampoa will launch its third generation (3G) mobile telephone service in Hong Kong next month. It has already launched 3G in Italy, Britain, Australia, Austria and Sweden. AFP
        AFP  -  39 words
      • 69 9 Reuters [TAIPEI] Computer monitor manufacturers in Taiwan are likely to ship fewer screens in the second quarter than earlier forecast because the Sars outbreak has hurt demand from China, the quasi-government Market Intelligence Centre said. It said Q2 shipments of LCD monitors would grow
        Reuters  -  69 words
      • 57 9 Bloomberg [HONG KONG] Hong Kong has approved rules permitting banks to share customers' credit histories in the face of a rising tide of bankruptcies and loan defaults. Amendments made to the code of practice on consumer-credit data will pave the way for a
        Bloomberg  -  57 words
    • 397 9  -  Sars among factors blamed for slide in export growth Promj Anthony Rowley in Tokyo JAPAN'S hopes of exporting its way through a period of severe weakness in the domestic economy was dealt a further blow yesterday when official data put export
      397 words
    • 408 9 BEIJING Reuters AFP Bloomberg THE flu-like Sars virus has worsened China's already "grave" jobless situation and is expected to affect even more workers, the China Daily reported yesterday. The State Council, China's Cabinet, said in a statement that local governments must take immediate action to
      Reuters; AFP; Bloomberg  -  408 words
  • 1603 9 SI COM FUTURES May 22 RUBBER Futures (Oosfcq prices) RSS1 (S cents/kq) Close Volume Open Mont* High Low Sett (towns) Interest Jun 03 178.25 Jul 03 169.00 Aug 03 166.25 Sep 03 ***** RSS 3 (US ce*b/kg) Volume Open Montli > High Low Sett (tonnes) Interest Jun 03 102.50
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  • Page 9 Advertisements
    • 103 9 MONEY-MAKING STRATEGIES SEMINAR 2003 Learn the 5 key strategies the wealthy are using to multiply their jflHk wealth in 2003 Discover the proven formula to find money-making opportunities and avoid loss-making ones Leave with a Step-by-Step plan to success by Asias Leading Wealth Consultant Monday. 26 May 2003. 7pm io
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  • Page 10 Advertisements
    • 4313 10 Notices IN THE MATTER OF WALTER ALEXANDER FAR EAST PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50. that a Final General Meeting ol the members ol the abovementioned Company will be held at 10 Cottyer Quay. #21-01 Ocean
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    • 1006 10 IN THE MATTER OF SG SECURITIES ASIA REGIONAL SERVICES PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50. that a Final General Meeting of the members of the abovementioned Company will be held at 10 Colly er Quay. #21
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    • 898 10 In The MaHar Of THa Componxi Ad, Cap. 50, Section 291(1) And In Tfca Matter Of fowick Marin* (S) Pta lid (Company No. *****6143N) Statutory Old—ton By Director* of Comporry i InabSty To Continw* (utmni By baton Of Its liattiw I. TAN CHAK CHEW of 3 Florence Road, Singapore *****5
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  • Page 11 Advertisements
    • 2355 11 ANNOUNCEMENT TAI EK INVESTMENT HOLDING CO PTE LTD PRIMA LIMITED (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) PROPOSED SCHEME OF ARRANGEMENT TO PRIVATISE PRIMA LIMITED Introduction The respective boards of directors of Tai Ek Investment Holding Co Re Ltd (Tai Ek") and Prima Limited ("Prima"
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  • WORLD news
    • 423 11 WASHINGTON Fed chief urges policy rethink as supply drain drives np prices Reuters FEDERAL Reserve Chairman Alan Greenspan said on Wednesday the low level of US natural gas supplies was a "very serious problem", with delivery difficulties driving up prices and pressuring US industry.
      Reuters  -  423 words
    • WORLDWatch
      • 60 11 Reuters [UNITED NATIONS] The United Nations Security Council yesterday overwhelmingly approved a US-drafted resolution ending 13 years of crippling sanctions against Iraq. The measure, adopted by a vote of 14-0 with Syria not participating, gives the United States and Britain broad powers to run
        Reuters  -  60 words
      • 78 11 AP [SINGAPORE] Authorities in Singapore banned the import of Canadian beef yesterday in response to reports that Canada had a case of mad cow disease. Last year, the city-state imported nine tonnes of beef, valued at $49,000, fi-om Canada, a statement from the Agri-Food
        AP  -  78 words
      • 76 11 AP [WASHINGTON] More Americans sought unemployment benefits last week, in part because some businesses were forced to shut down after tornadoes wreaked damage upon the Midwest. The Labor Department reported that new applications for state unemployment insurance rose by a seasonally adjusted 7,000 to
        AP  -  76 words
      • 67 11 Bloomberg [MIAMI] A Florida appeals court has thrown out a record US$l45 billion punitive damages verdict against Philip Morris USA and other US tobacco companies, removing one of the biggest threats to the cigarette industry. The injury claims 0f700,000 Florida smokers must be tested individually
        Bloomberg  -  67 words
      • 68 11 Bloomberg [LONDON] The Bank of England will pay Mervyn King £263,316 (*****,261) a year when he succeeds Edward George as governor in July. Mr King's salary trails that of European Central Bank president Wim Duisenberg, who makes 424,000 euros (*****,536) a year. US
        Bloomberg  -  68 words
      • 70 11 Bloomberg [LONDON] Prudential pic, Britain's biggest insurer, said Mark Tucker, chief executive of its Asian unit, will quit at the end of next month because the company failed to give him a bigger job. Mr Tucker, who has been at Prudential for 18 years
        Bloomberg  -  70 words
      • 77 11 Bloomberg [SEOUL] South Korea's economy shrank for the first time in two years and the central bank said the spread of Sars in Asia may cause a second quarter of contraction. Gross domestic product fell a seasonally adjusted 0.4 per cent in the
        Bloomberg  -  77 words
    • 477 13 WASHINGTON GDP seen growing by 2.3% this year compared to last year's 2.4% growth AP THE US economy should finally emerge from its prolonged "soft patch" and begin growing at a faster clip, a panel of prominent economic forecasters predicts but not until
      AP  -  477 words
    • 288 13 LONDON Reuters LUXURY British department store Harrods was given the go-ahead yesterday to sue the Wall Street Journal's publishers for defamation after an April Fool's joke turned sour. Harrods, which issued an April Fool's press release last year claiming that chairman Mohammed
      Reuters  -  288 words
    • 211 13 Bloomberg [LONDON] Mining company BHP Billiton will pay its former chief executive, Brian Gilbertson, more than £4.2 million (5511.9 million). Mr Gilbertson stepped down in January after only six months as CEO with two-and-a-half years left to run on his contract because of
      Bloomberg; BLOOMBERG  -  211 words

  • 4833 12 Transaction date: May 22 HONGKONG vol hkrwi 154 002 4sso MS «t '000 Hong Kong Electric 31 10 0 70 2393 Hongkong Chinese 0 90 0 05 ***** Alpha General 0.24 0 01 300 Hongkong Chinese Ltd 0 90 0 05 ***** AnandaWingOn 0.01 unch 0 Hopewell Hotdmgi
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  • 2396 12 Transaction date: May 22 KUALA LUMPUR ®J uqi Cjgnefai xxL 1.2b uncn o IH fooo) Gentmg —12.70 040 1597 George Kent 024 unch 0 A M Realty _..0» OOI 6 Globetr ores Tech 4.52 003 18 Abnc 0 68 001 46 Glomac Bhd 1.50 unch 151 002 o.» 001
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  • 801 12 Transaction date: May 22 1 Ot O—p* art— m Omm Q—pa Moron 50c 040 0430 *0005 NatStcd SOc 040 2500 *0440 CK 042 4.900 «0.100 OCBC 910 1350 *0150 CapttaLand 10* 1060 *0.020 OU€ 0.55 5.950 *0.150 Chart SamiCond 26c 045 0 735 -0010 Win) H25c 0.40 0 720
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  • 526 12 BONDS WARRANTS Last Vat Can fur Caar-HEft* Cmfmi 1* *ar- ft ial» hfci U> AST1WX0621 4 1 K M 12 19 AcmaLtdW*****6 15 -OS 245 1 50 587 500 18 Amtek1M>***** S5 0-S 6 1 33 1 1.59 25 Armstrong W*****0 2 -0.5 250 1 10 33 4.50 12 8oustead
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  • Page 12 Advertisements

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  • 323 13 U M Last Vol Dm UAQMb GrIN* Dw GrYW MM MGas W# U» Citm S* W- rw I—I I— »4««r Cw P* »ni in 81 AVienrwngs A25c A131 »11 2030 131 121 130 131 40 34 7.6 76 2819 Cathay Pac 20c MK720 265 11 7.4 6 *****2
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  • EPICURE
    • 642 14  -  Les Bouchons' steak and french fries may not be spectacular, but they're decent enough, says JAIME EE JAIME EE YOU wonder how Les Bouchons makes any money, cramped into the claustrophobic Ann Siang Road premises vacated by former avant garde Japanese eatery Dragonfly which died
      ARTHUR LEE  -  642 words
    • 641 14  -  WINE CONNOISSEUR By N K Yong IT bears repeating here that the World Gourmet Summit provides wine lovers here the opportunity to taste wines, they may never otherwise see, wineries they may have never even have heard of. If the horizons of the wine scene
      641 words
  • Page 14 Advertisements
    • 301 14 These days, you can never be too safe. With SARS fever in the air, it pays to ensure that your business K is adversely affected or why the B B ThermaCAM E2 camera come K B Using technology, the ThermaCAM E2 from Nasdaq-listed jj FLIR Systems, the global leader in
      301 words
  • Page 14 Miscellaneous
    • 326 14 CRYPTIC CROSSWORD 7 Representatives' attendance in 8 Romance in the play ground (5) Transparent hat worn by one member (6) 11 Variety provided in game shot? I I I I I I I 12 Churchman's right on the brink IH JH 14 Sailor lies about descent (6) Find out disc
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  • PERSPECTIVE/CINEMA
    • 724 15  -  Maathe cuff Here are some tips and pitfalls to avoid for would-be plagiarists jaime ee ONCE upon a time, in a galaxy far far away, there lived a girl, standing in front of a boy, asking him to love her. With great shock
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    • 385 15  -  In Bowling For Columbine, Michael Moore takes the high moral ground as he depicts a society at odds with itself Byi Geoffrey Eu DOCUMENTARY filmmaker Michael Moore's controversial, confrontational style won't win him any fair play awards, but it suits him extremely
      385 words
    • 490 15  -  By Geoffrey Eu EKING out a meager existence in the harsh, unforgiving yet starkly beautiful environs of the remote Brazilian badlands in the early 20th century is certainly a desperate enough situation, but having to sacrifice your children for the sake of
      490 words
  • Page 15 Advertisements
    • 221 15 COMPLIMENTARY BT AT MILLENIA WALK IF you're not working tomorrow, you can still get a weekend copy of The Business Times at Millenia Walk. Where to wine, dine and entertain... b= A World of Exdusive Privileges Treats Can't Decide on a Restaurant? No Problem, Cross-Order Shima Aji Tien Yuan Kitchen
      221 words
    • 98 15 R f f« M* A great meal always does wonders for the spirit, so invite a friend or two to feast on our International Buffet with local specialities which also Include delightful Peranakan items. Lunch (Mon Sun): SIS 80 (Adult). $9.50 (Child) Dinner (Sun Wed): 517.80 (Adult). 11.50 (Child) For
      98 words
    • 93 15 The Best Of Teochew Porridge At The River Terrace Be Porridge Savvy and eat your way to a healthy lifestyle' Have Porridge either way. with or without chunks of Sweet Potatoes in it. To accompany your porridge, we offer a range of sweet A savory local favourites. Available on Mondays
      93 words
    • 96 15 CTTY HOTEL COFFEEHOUSE 15 Tanjong Katong Road Singapore *****0 mom cum Local Lunch W High Tea Every Saturday Sunday OA* 12noon to 2.30pm w I# Bill 3.00pm to 530pm IftllllV I Function Room available for your I I Company Dinner Danced: I I Dinner Dance I I Baby's Full Moon
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    • 235 15 ReseTvat>o^--?T Um Cky Hotel Tan»ong Katong Road /W Swgapoce *****0 Steamboat QtBP Buffet^W^ Steaming hot or spicy, chicken or torn yam ES, M3.Bo>^^Pflr3; Weetends/?ii*< Hofedff Tii;»rHaMnpd>«f»g jui»*q»iii(l»JCST [~~1 MERITUS MANDARIN SINGAPORE [~1 Dumpling Festival 18 May -4 June 2003 Choose from our variety of v savoury Cantonese, Teochew, Fujian and
      235 words

  • EXECUTIVE Lifestyle
    • Article, Illustration
      888 16  - Home work KENNETH LIM finds out what is drawing more local entrepreneurs to work in small offices and home offices, or SoHos KENNETH LIM WHEN holistic therapist Andrea Yap wakes up in the morning, she prepares for work like most other people. She washes, dresses up, eats breakfast then prepares
      888 words
    • 508 16  -  Byi Cheah Ui-Hoon IS working from home the way to go in the future? Knight Frank's executive director Danny Yeo sees this as a possible next wave of housing/working arrangements which will be unique in Singapore. But of course, only when the market
      508 words
    • 631 16  -  BTs top 10 picks for the S'pore Arts Festival in a two-parter By Parvathi Nayar CHOICES are everything, says Keanu Reeves' character Neo in the current hit movie Matrix Reloaded. But choices are hard to make and nowhere more so than at the Singapore Arts
      631 words
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  • SHIPPING TIMES
    • 279 17 Reuters THE Baltic Dry Index fell 12 points to 2325, the Baltic Capesize Index fell 10 points to 3145, the Baltic Panamax Index fell 30 points to 2263 and the Baltic Handymax Index rose 31 points to *****. HME-GHARTEBi PitsaD (built 2002) *****8 dwt delivery Far East Aug/Sep
      Reuters  -  279 words
    • 277 17 SCX '000 ■yU it W CWT Distribution—0.58 unch 0 ChuanHup 0.38 unch 993 CH Offshore 0.20 0.01 481 Cosco Investment-.0.26 0.02 7522 Freight Links 0.04 unch 68 G8 Holding* 0.58 0.01 4 Jiyi Holdings 0.34 0.01 432 Keppel Corp 4.50 0.02 1640 K1 Ventura 0.18 0.01 366 Keppel
      277 words
    • 147 17 [SINGAPORE] Seventy-one of the world's reigning beauty queens were welcomed to Panama at an event hosted by the Panama Canal Authority on Wednesday. The 71 Miss Universe delegates are in Panama for the Miss Universe competition to be held in Panama City on June 3. The
      REUTERS  -  147 words
    • 206 17 Bloomberg [HONG KONG] Li Ka-shing, who controls the world's largest port operator Hutchison Whampoa Ltd, said a new container terminal in Hong Kong will lead to overcapacity in the world's, busiest port. "There'll be an oversupply" when Container Terminal 9 comes
      Bloomberg  -  206 words
    • 728 17  -  All its other foreign port investments also registered growth last year By Beth Jinks [SINGAPORE] PSA Corporation's star overseas port ventures in China and Belgium added six million TEUs to its global throughput last year, while all its other foreign
      Source: PSA  -  728 words
    • 388 17  -  By\ Donald Urquhart [SINGAPORE] P&O Ports signed one of India's largest port sector deals last week, buying the privately-owned Adani Container Terminals (ACTL) for US$l95 million, while losing out along with Hutchison Port Holdings on the new Nhava Sheva terminal
      388 words
    • 1014 18  -  ADMIRALTY CASEBOOK English court quotes extensively S'pore decision in a similar case -By Selva Kumar SINGAPORE'S bid to be a regional maritime law centre was boosted last month when the English Court of Appeal cited with approval a decision by the
      1,014 words
    • 201 18 PA <* Avant 6 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 Chahaya 6 China Shpg 5 Confer 6 CWT Globelink ...4 Del mas 4 Dongnama 3 EP Carriers 6 ECL 3 EngLee 6 ESP Lines 4 Far Shpg 5
      201 words
    • 65 18 AP [TAMPA] The Regal Empress sits docked alongside other ships at the Port of Tampa, Florida. The vessel was seized by federal marshals on April 18 because of unpaid bills. Some of the 400 member crew are living on the 900-passenger ship. Visa restrictions keep many
      AP  -  65 words
    • 13456 23 thebusinesstimes EXPORT ETA ETA Advertiser Vnsrl Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Oesln Name Name Number Number 02/06 15/06 ECL WIN GRANO I 45+*****55 To ABIDJAN (ABJ) 2003 Cot* D'lvoire 07/04 12/M pacc Cont BREEZE own 45+*****55 31/05 24/04
      13,456 words
    • SHIPS IN PORT
      • 881 25 Vessel Voy Wo 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 22/05 1730 22/05 2359 BTBPUTRA MAY22 J1 22/05 1500 22/05 1930 BTJREXPRES *****3 J1 22/05 0800 22/05 1500 BTKARSAM1 1MAY03 J1 22/05
        881 words
      • 1882 25 CONTAINERS TERMINAL AMD VESSEL SCHEDULES I Vessel Out In Ith Berthing (In- Berth Name Voy Voy seq beithing Nmbr ACX SAKURA 017N 017N 1_ *****0)3 15:00 *****003 300 ACX VIOLET 0565 056S 1_ *****003 1700 *****003 900 AL SABAHIA C23SE C235E t 240S/20Q3-600 **********00 >06 ALAMIAYA 2 8846
        1,882 words
      • 129 25 May 26 U.K.: Spring Bank Hoi U.S.: Memorial Day ■Ujr» Indonesia: Ascention Day France: Ascention Day Germany: Ascention Day May 31 Brunei: Armed Forces Day Jul China: Children's Day. Am 2 Italy: Anni of the Rep. NZ: Queen's Birthday. Jaa 4 Hongkong: Tuen Ng Festival. Taiwan: Dragon Boat
        129 words
      • 811 25 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 Price* shown are based on averagesued stem Market movements are indicated The Cockett Bunker Price Index change and the
        811 words
      • 450 25 Carta* MO Ma 1005.1 0.7 15.3 0.08 M4 0.03 Mav IS DmhNt Mir BmMm HHMhUIiw SiftiH Mo*omE25 4 0 3 0 2 0 300 AM *12 0.3 I3J 0.04 0.02 tn« 380 Mu 991.9 1.5 W 4 0.07 74 0.0S M/in %W »Mi W Wo rtOM
        450 words
    • AIR & LAND transport
      • 533 26  -  SABS IMPACT ON AVIATION AAPA says more needs to be done to calm the public's fear of air travel By\ Donald Urquhart [SINGAPORE] Cooperation by the World Health Organisation (WHO) is essential for the Asian airline industry to recover from the Sarsinduced
        REUTERS  -  533 words
      • 394 26 Reuters [HONG KONG] Cathay Pacific Airways, whose business has been devastated by the Sars virus, said on Wednesday it will resume some flights from the end of this month and has pencilled in a recovery by year-end. The carrier's chairman
        Reuters  -  394 words
      • 391 26 Virgin chief says meeting with jet's manufacturer was 'very good' AFP [LONDON] Virgin Atlantic boss Richard Branson on Wednesday cranked up his high-profile attempt to keep Concorde flying by holding a meeting with officials from the ageing jet's manufacturer, Airbus. Mr Branson,
        AFP  -  391 words
      • 187 26 Reuters [SINGAPORE] Singapore Airlines Cargo, a unit of Singapore Airlines, said yesterday it has started a direct China cargo service to the United States even as it cuts back its capacity due to the Sars outbreak. The launch followed an air services agreement between the
        Reuters  -  187 words
      • 130 26 Reuters [MONTREAL] Air Canada told its unions it wants to lay off another 7,100 employees, or roughly a fifth of its work force, over the next three years in a bid to emerge from bankruptcy protection as a low-cost carrier, CBC Television reported yesterday. Air Canada,
        Reuters  -  130 words
      • 442 26 Dutch airline expected to make a decision in 3 months Reuters [AMSTERDAM] Dutch airline KLM is strongly tipped to join the Air France-led Sky Team to transform the alliance into the world's largest partnership of air carriers, a Reuters poll showed on Wednesday. All but
        Reuters  -  442 words
      • 1835 26 arr own n* awn no cmr ruen n* fubit n» g—hzm sons wo cuu owe MM. -7 unno 2ZB ens _MS 50M4 m ***** J235 Ham ¥***** 025 $0176 1035 kmxtrum ***** 0640 *1838 2255 mm 0655 ***** 2J45 MM W4W B«5 W4M IMS MB w
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  • Page 18 Advertisements
    • 866 18 I TO USA/CAMM I I tXPOflr I I OTWEfI DESTtNATioiiin |VBSa wr| PM TO AUSTRALIA (AUSTRALIA A»A EXPHEB 81 mmoiDSimEMr iwi wis 55| hm ii/m ivw ii/m um 14/ M rasa" vot| iusm| pw SbH "*~l sr» aa ah ooawYon jim vm wk I ivm \im tvm ii/m ivm 71/
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    • 372 18 linas MrvicM rapTMfltad by X»m y Singapore Shaping Association CONVUNBS/ CONVBmOHAI CARGO ROM PORT KLANG/UKArati/iMUyrn I lANGMK VW ETA PKL ETA SIN ETAMAL£ Maid Star SMA Jl*. C« mm nm mi ivm UUf NAUNE SERVICES SINGAFOKE taOUMHMM hcmm SCANCHAIT AGENCIES SON BHD E t TIANSUNDO JAKABTA {PQPELNI LINES I Road
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    • 1272 19 TO EUROPE FROM EUROPE vissa Ivoy sw ai itm ami ham my sou um llvßsa Iw w m w sou uw si~| HYUNDAI GENERAL 344W 26/05 07/06 13/06 15/06 17/06 11/06 HTMBNWBUNE 314E 05/05 07/05 09/05 03/05 24/05 API AGAR 11JW 79/05 11/06 20/06 16/06 MOIMMBMY 01X 06/05 01/05 09/05
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    • 1244 19 ••hum oh sima FlOi imtAPOM TO BUCK via ran Mr OMMAOOAM) 19 MVS ttrrimr mrtnwf 20 nk COBUI MOTS SHGtfOM: MIOWH* O «11-M SMfS/OMS 1H: *****157/43 MX: *****371/74 I J COSTM SNIPPING PTE LTD ouwm»»/u wtosoot mhwj I CWUUNTU (MMMNA) -23 QMS aKyiiMTwaoXl m;*n* iwiiu) mmmibo) mmm 4noHii/o» I *****12S
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    • 491 19 wnaaniSM oow 2V5\w\ 27/5 [ays i/t 2/4 y4 w 7/41 gggigoaBS ms a/5 3i/s VI 4/4 Vt n/4 l 11^ M ]WP|?y?|?l/?| V4 1 1 Ms I llS I M I M jV4 KYMNURDGt 0405 4/4 7/4 12/4 IV* 14/4 11/4 »S m U/4 la/41 2V4t^j !vbsh. wrlre a ia
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    • 1179 20 minP I HYUNDAI MERCHANT MARINE CO., LTD. E "rn g MO. HO47HOOOOH L \mat wr k sou I I im I mn I mmi |IT||<Bat vot I sod I ibi I mm law I mam I mv~ s» wnaw sim ii/M ts/M m/m m/m m/m Mmn mi m/m m/m m/m
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    • 1284 20 WANHAJNTBtNADONALPVIUrD a KH4MTOMM/II IIIAII Mil I uirf 1*«*1MI (14 IMS) F/ULinillU VW\WAN HAI LINES assssassgss.. BAmsscuiafcmtmMifHi&nMH/msi untsf m www.w—— m m bb mm m bk bbt bb no wb nw bbo wH nra -JWT to tctt t* wr ~vfr ~fsm~ ~KW wm I 15?" «b tms Ms «M IM M*
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    • 149 20 a RX FHWSAHMN PB/MMWN\ > KALIMANTAN I MKICT WIIKIY WVia TO I iAAAKTA/PAUMUWG/POmi I *md fn m w rum *mT l I jjjj ESz' ra—n u/ii n/u 1//u w/» I I SUtAIAYA/PAIUAJtG I 1 mi Hi rm omasa M/M HM nm M/» 1 ntkWIM6/nUM lAIU I I mauhm m/m h/w
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    • 542 20 BSA x vßafTfsfsll^TEVSfSsnifßn^^Hr MYANMA FIVE STAR UNE tEEC vKsa vot si m n fa mrnr soow sib MPA-AO 307W W M MALAYSIA: OOUSTUD SMPPHW AGfNCKS KUL 03-*****300 PIL: 03-*****101 H3k 04-*****02 BANK LINE (A woke «f hdnw Wtk THppli|) WOKTHtOUNP TO tUKOH v cowum, roko, mux i huvtuts msa SM
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    • 1142 21 IVtSSIL VOY KHH HKO ISM Im PX» »*l PMM MK MAN HORMOZGAN PCI 312 23/05 24/03 27/03 23/03 04/06 05/06 11/06 13/06 UNDAVIA Pa 313 27/05 23/05 31/05 01/06 03/06 09/06 15/06 17/06 MAN TEHRAN PCI 314 03/06 04/06 07/06 03/06 15/06 16/06 22/06 24/06 IRAN KERMAN PCI 315 10/06
      1,142 words
    • 457 21 4 I UK CONTINENT SERVICE Loading for SMART RD4A/ATW/BMN/UK/NAN GULSER ANA ROMI/ATW/BMN/UK/NAN Load> Sngapore. E7W Indonwa MIDDLE-EAST SERVICE Loading for BRAVE JOHN JDH/AQA PACIFIC SUN II JDH/AQA MARILIS T DBI/ABU/DOH/BRN/DMM/KWT lota Sfogawo. E7W Mwa)M, IndoneM USA SERVICE Loading tar AROURA AMETHYST ALFONSO MZL/LAX/VCW SEA BEE CAAA/NFK/SAV/NOL Toads Malaysia Indonesia F.E./S.E.A.
      457 words
    • 1208 21 ffl! m esi jam «w es* um ms— jmjkm ww M/os S/M £££2r nm— M Mlffl7 mi H/M iSSn »XMRM fOSM *7/05 27/05 ntmum m 1 n/u urn rKHm BJffl am W/»S auojata? tut ___os/Q4_ 07/04 ywi SLUM 2SZI2 30/ OS fRRHM miAIOA OOSM 11/0$ 31/ OS SHEIII ohh oi/oo
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    • 685 22 mffi tiki sham own 2/21/05 040S/06 ioii/o* I n«IS*Y MSN 30 31 /OS 0700/06 1314/04 I ncasu omn o*o4/0* 1112/0* 1711/06 I nttllltDtt OO7N 06 0//04 14-IS/M I i|6asju«iowjj^i^n/o|^^i^i»/o»^74woi| UK CAL s«^^| XPtES HfNOWN 178 *****05 MOTTO* I TKHIYION 514 2* 24/05 01 02/04 IMZ/06 I OAUAN 427 2179/05 0404/04
      685 words
    • 862 22 VISSfI MAMf VOT SMGAPOH POtT BBANC O«TTAGON6 NOHGU in m rn> ra no m iw <X BIGWTT 04N06S SUN 25/85 26/85 26/05 3>/tS K/H WW SIA SIAB *****10 HI 38/85 31/85 81/86 84/86 87/86 PC HAL *****40 SIM 81/86 82/86 82/86 86/86 80/86 OAMGmSHWHA 28WW1 NOW 82/86 87/86 18/86 lOC
      862 words
    • 1060 22 I Tib IPDZ LINES I W aSWeHHttlfcOMlll-JS* FAX: 02-4727-11 M I SMSAWtfc TOOK JOO MM IMG m LTD lad: tnth|i«lj« i I (■ami in/ g/os GBWK 3027 ts/wjK,<Hwm|i»n|i;/«sk«yMi >wi I 24/ M WMUUSS MIS M/OS GMUNG 1017 26/05 IPMIM* MI7 29/ OS OHOd MIJ Jl/0S OUAII |IMM7 |m/ 05 |04/
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    • 199 22 tti immmm BREAK BULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI IVKSE VOT*g ITASWGAMtI MKIMI Imam mm wnw SEA-PAC MANAGEMENT PTE. LTD. 70 Araon Rood #17-07/06 /4f\ Apu Toumt, Sngiyow *****5. Taiwan*: 6270 0977 \B haMht 6275 2309 T«Uk IS ***** SCAMC Pita SX lUMPO, D>JL KOREA Ivcsa
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  • Page 25 Miscellaneous
    • 141 25 'jr tSsEeLT i i^ ''■->J'''•*'Mi t i i J™Hp >V| BBBBL ®\Nw /i> /Jf S>tm^^ V^si^^Lk A i~j—\ /x \^.-X, vv xmpilFX l W V V Issued by Meteorological Service Division,NEA LEGEND: •C Thunderstorm Wind speed symbols 'v'Showers Full circle w/o line indicates calm or light and variable winds R
      141 words