The Business Times, 12 June 2003
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2003-06-12
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The Business Times
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Title Section16 2003-06-12 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE !r,te ne': h'tp://business-times.asial com.sg THURSDAY, JUNE 12, 200316 words
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1375 2003-06-12 1 Siow Li Sen - Regulator lays oat policyholders' rights-and responsibilities-in controversial issue By Siow Li Sen [SINGAPORE] The Monetary Authority of Singapore has told people who were mis-sold life insurance policies with the critical-year feature that they have a case for complaint even if it was1,375 words
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581 2003-06-12 1 Daniel Buenas - Bnt banks say SMEs are an important part of the market By Daniel Buenas [SINGAPORE] While financial institutions proclaim how much they value Singapore's 100,000 small and medium-sized enterprises (SMEs), the reality on the ground is quite different, small businesses say. Loans are581 words
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778 2003-06-12 1 Chuang Peck Ming, Kenneth Lim - By\ Chuang Peck Ming, Kenneth Lim [SINGAPORE] The Remaking Singapore Committee is pushing for constitutional changes to give women equal citizenship privileges as men. As it stands, Singapore's Constitution accords citizenship by descent to a child born abroad if his or her father778 words
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Article74 2003-06-12 1 Dsn 1,448.79 (+7.87) ST INDEX FUTURES MSO.OO (-1.00) SIMSCI FUTURES 175.50 (+0.20) Wednesday Change KLSECOMP fiNHfil K54 NIKKEI 225 UMJi ***** HAMiSENG 9.KK2.IM) 41 Wi SET INDEX ttifi# 1.45 JAKARTACOMP .515.71 MANILA COMP I.ISH75 ♦***** TAIPEI WPI 4.f«rt «5 27 55 SEOCLCOMP 851.29 4 54 SHENZHEN B 221 .0074 words
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Article81 2003-06-12 1 FOREX RATES US* SS ISS |SS p»T I'SS) 1.737 V(l SS/SS [M-r V) l.Wil iXNi KI RO|l SS/SS/E). 1171 WW YEN 117.9 H7.90 KM 2.188 HKS 7.799 4.490 BAHT 41*2 24.11* HI PI AH Kjfrtl 4.7:W KKNMINM *299 477* INDIAN KI'PKK 46.74 2K91 AS l*)21t 0 87") NZS 7:iM81 words
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Page 1 Advertisements
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Advertisement68 2003-06-12 1 we see a 5% rise in private home prices J BjUijSUSjfl Interview wiiiJefferyHeng, chief executive of Cenfrepoint Properties, one of the top selers of homes last year Page 7 BT on the net a value-added service BT Online is a premium subscription service from 4am each day. But BT newspaper68 words
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Advertisement72 2003-06-12 1 Ml? v W X REPORTS, Page 11 m another dimension revolves majestically to reveal unique dual personality. On one side, the large date 8-day power-reserve The reverse, sapphire crystal, displays the complicated mechanical movement. Jaeger-LeCoultre 675 that makes this major event in the H For your free copy of The72 words
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ON THE grapevine
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Article, Illustration132 2003-06-12 2 PUTTING a whole new spin on that Scarlett O'Hara classic, the New Zealand government recently considered Imposing a flatulence tax on cows and sheep as part of an attempt to control damage to the ozone layer? While New Zealand accounts for only 0.2 per cent of132 words
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520 2003-06-12 2 Michelle Quah - Damages not decided, bat it sees obligation of not more than £l-5m By Michelle Quah [SINGAPORE] The Singapore office of accounting firm Deloitte Touche Tohmatsu slapped with a £130 million claim over its audit of Barings* ill-fated Singapore unit can now520 words
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Article, Illustration508 2003-06-12 2 Anthony Rowley - Central bank to bny asset-backed securities From Anthony Rowley in Tokyo TOKYO stock prices yesterday hit their highest level since last December as the Bank of Japan (BOJ) announced that it would spend up to one trillion yen (5514.7 billion) to ease aSource: Bloomberg - 508 words
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Article33 2003-06-12 2 IN yesterday's report, "Yang's Garden Village up for sale again", the $50 million quoted for the property is a market estimate and not the owners' asking price, Jones Lang LaSalle has clarified.33 words
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Page 2 Advertisements
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Advertisement375 2003-06-12 2 Bonds and Notes Unraveling the mathematics, revealing the opportunities Date What 10-11 July 2003 With declining interest rates, many have resorted to fixed 9 00am to 5.00pm income securities which reward them lucratively in relation to current interest rate levels. With global interest rates now at a Venue r low375 words
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SINGAPORE companies
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COMPANYBriefs
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85 2003-06-12 3 MAINBOARD-LISTED Thakral Corp said yesterday that the deemed stakes of directors Kartar Singh Thakral and Inderbethal Singh Thakral have been further reduced to 26.289 per cent and 24.806 per cent respectively, down from 26.423 per cent and 24.939 per cent. Thakral Investments Ltd sold 2 million85 words
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72 2003-06-12 3 NEWLY-LISTED oil and gas production equipment maker Technics Group Holdings said yesterday that net profit for the half-year ended March 31 was $0.53 million. Pre-tax profit was $0.68 million while revenue was $7.8 million. The Seadaq company, which completed a restructuring exercise on Feb72 words
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86 2003-06-12 3 JURONG Technologies Industrial Corp said yesterday that substantial shareholder Lim Ewe Ghee has sold 25.95 million shares, or 6.59 per cent of the issued share capital in the company, for about $10.1 million. The sale, which will reduce the shareholder's stake to 1.52 per cent86 words
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Article113 2003-06-12 3 STARTECH Electronics has been given a temporary reprieve by creditor Maybank, which agreed on a without prejudice basis to withhold legal proceedings against the company and its subsidiary Startech Manufacturing Pte Ltd until June 20. Announcing this on Tuesday, Startech said discussions with Maybank were still113 words
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98 2003-06-12 3 KITCHEN and bathroom products manufacturer and supplier Showy International said yesterday that it would seek a Sesdaq listing. In a preliminary prospectus lodged with the Monetary Authority of Singapore, the company said it wants to offer 15 million shares comprising 11 million new shares and98 words
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Article, Illustration126 2003-06-12 3 KENNY Yap (right), who calls himself "The Fish", is going into the pet business in Malaysia. Listed Qian Hu Corporation, in which Mr Yap is the executive chairman, said its wholly-owned subsidiary Guan Guan Aquarium Sdn Bhd has set up a joint venture126 words
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Article, Illustration457 2003-06-12 3 Michelle Quah - Details still being decided; analysts say timing is good By Michelle Quah SINGAPORE Airlines looks set to join other local corporate giants looking to the bond market to raise fresh capital. The national carrier said yesterday it plans to set up a medium-term noteSource: Reuters - 457 words
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Article, Illustration359 2003-06-12 3 Leonard Lim - IPO includes 9.2 m shares for the public and 82.8 m placement shares By Leonard Lim "WE have come to a point where we need to move forward," Allied Technologies once said. The precision stamped metal parts manufacturer Allied Technologies aFILE PHOTO - 359 words
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252 2003-06-12 3 It wants to meet S'pore Securities Association THE Securities Investors Association of Singapore wants to discuss the controversial issue of custody charges by brokerages with the Singapore Securities Association. Sias said in a statement yesterday that it was seeking the meeting after receiving252 words
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Article805 2003-06-12 3 loh hui yin - hockII.IM-WU] loh hui yin IS there a "corporate Sars" in the making at the Bank of China's Hong Kong operations? Just as questions were asked and initially denied about the true extent of the Sars outbreak in China, rumours have been flying thick and fast805 words
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Article, Illustration381 2003-06-12 5 Andrea Tan - It is selling 119.8 m new shares at $1.07 each to help fond purchase of IMM By Andrea Tan CAPITAMALL Trust will sell 119.8 million new shares at $1.07 each to help fund the purchase of the IMM Building. The share saleFILE PHOTO - 381 words
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Article329 2003-06-12 5 Kalpana Rashiwala - 3 projects to be released inclnde The Y&rdley, going for $600 psf By Kalpana Rashiwala MORE developers are trying to ride on the current wave of home-buying by releasing their projects this week. MCL Land is launching The Yardley, a 55unit freehold project near329 words
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146 2003-06-12 5 Denesh Divynathan - By Denesh Divynathan INFRASTRUCTURE service firm Tat Hong Holdings yesterday reported a 373.3 per cent jump in net profit to $8 million for the full-year to March 31, powered by stronger exports, higher equipment sales in Australia and the sale of146 words
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Page 3 Advertisements
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Advertisement230 2003-06-12 3 ALLIED TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore on 31 August 1990) Invitation in respect of 92,000,000 New Shares of $0.05 each (subject to the Over-Allotment Option) comprising:(1) 9,200,000 Offer Shares at $0.26 for each Offer Share by way of public offer; and (2) 82,800,000 Placement Shares by way230 words
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SINGAPORE markets
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Article, Illustration328 2003-06-12 4 OTHER SINGAPORE INDICES Jun 11 VALUE CLOSE BT OB/OS 545.00 -252.00 BTCMN -*****.00 -10.00 BTUMv MA -*****.00 +55.00 AI-SG EqaHios 392.25 +1.73 SG Equities Dart 136.48 -1.64 SGEqaWosFfe 1234.27 +24.86 SG E*«M« Prop 373.01 +4.76 MSCt Singapore 179.57 +1.29 SiMSCt Futures 179.50 +0.20 Stocks Votora UniRber 10c 103,460,000 Chart SemiCond328 words
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Article, Illustration286 2003-06-12 4 R Sivanithy - By R Sivanithy ONE of the most perplexing features of the current raUy is the lack of attention devoted to warrants. If the market is really as bullish as it seems, then it stands to reason that warrants which are286 words
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Article, Illustration775 2003-06-12 4 r. sivanithy - STOCKS r. sivanithy IT may have been the disease known as Severe Acute Respiratory Syndrome or Sars that kept a lid on stock prices throughout April and May, but what has lifted the lid this month is its stockmarket counterpart severe acute anxiety syndrome or775 words
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Article, Illustration577 2003-06-12 4 larry wee - CURRENCIES Yen benefits from unwinding of cross positions larry wee THE greenback got a bit of a lift against the Singapore dollar yesterday, as caution grew ahead of the Monetary Authority of Singapore's semiannual monetary policy statement early next month. The JapaneseSource: Reuters - 577 words
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Article52 2003-06-12 4 UNIT TRUSTS FUNDS LEGEND: Al price art indicative except tor Ex ftmggit Aaet* Broadty Diversified; I Narrowly Foooad; S Lower Risk. Low «o Madkim Risk. t Medium to High Rate Higher Risk; open-ended; Retort subdnrison of units;*/* After subdhrißon of units; SPaftar Stock spkt N_A Non Daakng Day: M Floor52 words
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Advertisement1237 2003-06-12 5 SATS M? SINGAPORE AIRPORT TERMINAL SERVICES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of the Company will be held at the Mandarin Ballroom, Level 6, South Tower, Meritus Mandarin Singapore, 333 Orchard Road.1,237 words
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Advertisement1823 2003-06-12 5 SATS m? SINGAPORE AIRPORT TERMINAL SERVICES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 30th Annual General Meeting of the Company will be held at the Mandarin Ballroom, Level 6. South Tower, Mentus Mandarin Singapore, 333 Orchard Road, Singapore *****7,1,823 words
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SINGAPORE news
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299 2003-06-12 6 Denesh Divyanathan - Abating Sars threat, improving US economy seen as positive signs Bu Denesh Divyanathan SINGAPORE'S fragile economy could be headed for a "hockey stick recovery path" in the second half of the year as the dark clouds of Sars and high oil prices look299 words
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Article, Illustration298 2003-06-12 6 Leonard Lim - By Leonard Lim HEALTH ministers at a two-day special meeting in Siem Reap, Cambodia, have adopted the framework Asean+3 Action Plan on Prevention and Control of Sars and other Infectious Diseases. Singapore was represented by a delegation led by Minister of State for Health298 words
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228 2003-06-12 6 Kenneth Lim - By] Kenneth Lim SOME of the world's largest content providers for payTV embarked on an aggressive new strategy last month by winning a historic suit in the Hong Kong High Court against satellite TV pirates. Of the six plaintiffs Satellite Television Asian Region228 words
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Article, Illustration395 2003-06-12 6 Cheah Ui-Hoon - SINGAPORE ARTS FESTIVAL Slick fnsion of different art forms makes little impact By Cheah Ui-Hoon THE book is usually better than the movie, they say. The same could be said about the N urn berg Ballet's The Fall of the395 words
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Article292 2003-06-12 6 Frank DeMeglio - Orpheus was mostly ponderous and doll By Frank DeMeglio IN classical symphony orchestras, the conductor is something of a dictator. Although he may listen to interpretive suggestions from the musicians, the ultimate decisions lie with him. In the Orpheus' Chamber Orchestra, musical interpretation is done292 words
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Page 6 Advertisements
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Advertisement299 2003-06-12 6 iX 2003 WHERE BUSINESS MEETS TECHNOLOGY I 30th SEP 3rd OCT 2003, SINGAPORE EXPO I "Cisco Systems is proud to support iX 2003. "Singapore being taken off WHO'S list of "Innovation takes flight when creative ICT is still an important pillar of Singapore's SARS-affected countries is a good people come299 words
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Advertisement13 2003-06-12 6 Lianhe Zaobao I Motorola I I trendsetter I I I I mK9& I13 words
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Advertisement322 2003-06-12 6 nGi Ms MM m *22 jg£ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 aad IN THE MATTER OF ARCHIT 2000 PTE LTD (InYoluntary Liquidation I NOTICE IS HEREBY GIVEN (hat the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 12322 words
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EXECUTIVE suite
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Article, Illustration989 2003-06-12 7 KALPANA RASHIWALA - KALPANA RASHIWALA finds out from Centrepoint Properties CEO Jeffrey Heng how his company plans to maintain earnings against a challenging backdrop KALPANA RASHIWALA CENTREPOINT Properties CEO Jeffrey Heng says any increase in private home prices during the next 12 toFILE PHOTOS - 989 words
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Article, Illustration555 2003-06-12 7 Thien - GARDENER'S im By Thien LIKE luscious ice-lollies, two orangeypink buds have just popped out of the ground. They are from a new Vietnamese ginger we planted six months back, and we are anxiously waiting to see if the flowers will eventually be asTHIEN - 555 words
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Page 7 Advertisements
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Advertisement15 2003-06-12 7 Reach your shareholders and potential shareholders by publicising your company's financial results in our newspapers.15 words
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Advertisement32 2003-06-12 7 2 KALLANC HE T s|M<|a jj>^ Prominent frontage along PIE Available space: MB i cn|| 6th 33,020 sq ft Fully false air-con lobby Ample space Brenda 9616 3336 Boon Leong 9817 000932 words
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Advertisement400 2003-06-12 7 u p "> 5 Months* Rent Free" Grade A Building in Raffles Place Sb Flexible Sizes from 1,000 28,000 sf Long Sub-lease Term Fitted Out or Bare Units Highly Subsidised Rent Inclusive of ma* 2 months tor renovation Commercial 6531 8669 6531 8672 PACIFIC VIEW Freehold condominium with 868 V400 words
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EDITORIAL & opinion
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Article, Illustration732 2003-06-12 8 al labita - mSSSSSSBSiM OPINION al labita PHILIPPINE President Gloria Arroyo is in a dilemma: should she run in next May's presidential election or keep her word to the voters? In talks with US President George W Bush late last month during an official visit to Washington,732 words
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Article617 2003-06-12 8 EDITORIAL NOW that Sars has been contained, it is heartening to see that an all-out effort is under way to entice tourists back to Singapore. This much-battered and important sector of the economy has a lot of catching up to do. The Singapore Tourism Board (STB),617 words
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Article, Illustration960 2003-06-12 8 Paul Samuelson - One, a strong US economic upswing; two, moderate growth of three, real US growth staying for a long time as bad as America's last few disappointing quarters By Paul Samuelson Tribune Media Services International BY mid-June, the calendar year 2003 is almost halfway over.Tribune Media Services International; AFP - 960 words
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Article86 2003-06-12 8 The terrorists who use religion as an ideology are not fundamentalists but innovators. Those who say terrorism has no place in Islam are the true fundamentalists.' w Mahathir Mnhaman Malaysia's retiring prime minister, on Islam. 'I have my detractors in Washington. There are bastards who spread things86 words
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571 2003-06-12 8 Dave Lesar - Dave Lesar Chairman, president and chief executive officer Halliburton RECENTLY, there have been reports about our company that we feel contained innuendos that cannot go unanswered, so we would like to set the record straight. Halliburton is a global service company we go where571 words
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REGIONAL news
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502 2003-06-12 9 KUALA LUMPUR ConsoUdation of government-owned property firms seen starting soon TWO companies under state-owned investment body Permodalan Nasional Bhd (PNB) are believed to be the prime candidates to lead core property groups in the consolidation of govern-ment-owned property companies, the Malaysian502 words
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173 2003-06-12 9 KUALA LUMPUR AFP MALAYSIA plans to manufacture its own guided missiles and is eyeing technology from Bosnia and Brazil, Deputy Defence Minister Shafie Apdal said yesterday. The missile development programme was prompted by the recent wars in Afghanistan and Iraq, Mr Shafie wasAFP - 173 words
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NOTEBook
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79 2003-06-12 9 Reuters [KUALA LUMPUR] Malaysia's smart-card maker Iris Corp Bhd said markets regulator had approved the company's proposed Islamic bond issue to help refinance a bank loan. United Overseas Bank (M) Bhd is the lead arranger and advisor for the bonds. Iris proposes to issue RMI3SReuters - 79 words
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Article69 2003-06-12 9 Bloomberg [HONG KONG] Cathay Pacific Airways, Asia's sixth-largest carrier by sales, will reinstate about 170 weekly flights in July, as the Sars outbreak recedes across Asia. Hong Kong's largest carrier will operate 71 per cent of its full schedule, up from 55 per cent inBloomberg - 69 words
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Article57 2003-06-12 9 Reuters [KUALA LUMPUR] Malaysia's second biggest mobile phone company Maxis Communications Bhd said yesterday it has settled a dispute with Motorola over the supply of telecoms equipment. Maxis said Motorola Electronics Sdn Bhd, a Motorola unit, has agreed to compensate Maxis Mobile Sdn Bhd, a MaxisReuters - 57 words
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61 2003-06-12 9 Reuters [JAKARTA] Indonesia's foreign direct investment approvals nearly doubled in the first five months of the year, boosted by interest in the communication, transport and storage sectors, but analysts said investor confidence was weak. FDI approvals for January to May stood at US$4.O2 billion,Reuters - 61 words
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Article65 2003-06-12 9 AFP [BEIJING] A banker convicted of embezzling some 10 million yuan (Ss2.l million) from rural savings accounts was executed on Tuesday in northern China's Weinan city, Shaanxi province. Xinhua news agency said yesterday. Lan Rong allegedly embezzled the funds from savings accounts at the Tongguan countyAFP - 65 words
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313 2003-06-12 9 HONG KONG Market needs to boost transparency after scandals HONG Kong investors, shaken by financial scandals involving Shanghai Land Holdings Ltd and Eu-ro-Asia Agricultural (Holdings) Co. deserve tighter rules to ensure corporate transparency, the government said. Companies may be asked to set up audit313 words
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173 2003-06-12 9 KUALA LUMPUR MULTINATIONAL corporations (MNCs) that had shifted part or their entire operations from Johor to China in recent years are making a comeback to Johor. The Star reported yesterday. State Industrial Development, Entrepreneurs, Small and Medium-Scale Industries, Science and Technology- Committee chairman173 words
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256 2003-06-12 10 TOKYO Exploitation of minorities a serious challenge: OECD report AFP MINORITY shareholders' impotence is the biggest problem in Asian companies that are in large part family-run or where power is wielded by few, the Organisation of Economic Cooperation and Development (OECD) hasAFP - 256 words
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280 2003-06-12 10 SINGAPORE Bloomberg SRI Lanka, which received pledges of US$4.5 billion in aid from Japan and other donors, may take its place among Asia's fastest growing economies, helping investors make up for two decades lost to a civil war, analysts said. The aid. promisedBloomberg - 280 words
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Article, Illustration257 2003-06-12 10 BANGALORE. India AP AFP INTEL Corp, the world's largest chip maker, sees India as one of the top destinations for its future investments, the company's president said on Tuesday. President and chief operating officer Paul S Otellini said investments in India would mostly goAP; AFP; REUTERS - 257 words
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165 2003-06-12 10 HONGKONG Reuters HUTCHISON Whampoa, owned by Asia's richest businessman Li Ka-shing, is suing its third-generation mobile phone partner KPN for compensation, saying the Dutch carrier refused to provide a £150 million loan (Ss43o million) to their UK venture. "We have instituted legal proceeding inReuters - 165 words
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ASIANotes
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71 2003-06-12 10 Bloomberg [HONG KONG] Citic Pacific Ltd, a Beijing-controlled company with stakes in airlines and utilities, will sell holdings in six Shanghai public works projects to the city for HK$6.l6 billion (Ssl.4 billion) after fixed-return guarantees were scrapped. The Hong Kong-listed company, will sell itsBloomberg - 71 words
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77 2003-06-12 10 Reuters [BEIJING] The number of tourists to China slipped 30 per cent in April from a year earlier to 5.65 million due to Sars, the official Financial News reported yesterday. Tourism revenue from overseas tourists, included those from Hong Kong, Macau and Taiwan,Reuters - 77 words
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Article64 2003-06-12 10 Bloomberg [TAIPEI] Stan Shih will retire as chairman of Acer Inc, Taiwan's biggest maker of desktop computers, by the end of next year, he said at the company's annual shareholders' meeting. He founded Acer, which a decade ago was among the world's five biggestBloomberg - 64 words
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80 2003-06-12 10 Reuters [HONG KONG] Liu Chong Hing Bank Ltd, one of the smallest banks in Hong Kong, said yesterday that it had been approached by a number of independent third parties in recent months about a possible merger or acquisition. It said in a statementReuters - 80 words
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Page 9 Advertisements
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Advertisement423 2003-06-12 9 vult r ja- his ■< >S tuft Kt S*>* W*o S,WI t «j, itt srtac «i 9* ow *<*■ I KSH, "> tt MU COTC. I. ™trow «i 9* s,i X w* M-hers u's w^ w# kf m.i tst w»* yet, w a > n Lave \ivti. oc\ th*S tarth,423 words
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Advertisement45 2003-06-12 9 China's fallen tycoons onPgll MERITUS MANDARIN SINGAPORE Wxr MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: 6831 6291 II Co(lrrhou«« let floor MERITUS MANDARIN (.•kit 333 Orchard Road, Singapore *****7 Tel: +65 6737 4411 Fax: +65 6732 236145 words
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Advertisement1505 2003-06-12 10 KBC Bank N.V. I (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2002 Balance Sheet After Appropriation Profit Loss Account ASSETS Dec 31, Dec 31, 2002 2001 2002 2001 in thousands of EUR in thousands of EUR Interest receivable and similar income 9,500,724 11,543.636 Cash in hand balances1,505 words
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Advertisement1173 2003-06-12 10 advertise call toll-free 1800 289 8822 Email: ioticesgsph.com sg In the matter of the Companies Act, Cap. SO and In the matter of WITTEKIND (SINGAPORE) PTE LTD (In Members' Voluntary liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50 that a final meeting of1,173 words
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CHINA'S FALLEN TYCOONS
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Article, Illustration742 2003-06-12 11 Trial could end today and entrepreneur faces life imprisonment AFP Reuters [SHENYANG] The first day of the longawaited fraud trial of Yang Bin, the first of a handful of star tycoons to run foul of the law since the Communist Party officially invitedAFP; Reuters; PHOTOS AFP Apple Daily Renters - 742 words
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517 2003-06-12 11 Un Jinbao Lin being questioned by Chinese authorities abont loans made at its Shanghai branch Reuters [HONG KONG] The Bank of China's Hong Kong arm said that Chinese authorities had launched a formal investigation into its former chief executive Liu Jinbao, whoReuters - 517 words
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196 2003-06-12 11 Ql&n Yongwel [HONG KONG] Sun Man Tai Holdings Co, whose shares were halted after Hong Kong media reported chairman Qian Yongwei was questioned by China authorities about bank loans, said it hasn't been able to contact him since June 3.196 words
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262 2003-06-12 11 Zhou Zhengyl Bloomberg [HONG KONG] Zhou Zhengyi, a real estate tycoon under house arrest for questionable loans linked to his companies, and his wife Mao Yuping were sued for HK$35.7 million (S$8 million) by Sun Hung Kai Investment Services Ltd for unpaidBloomberg - 262 words
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Advertisement30 2003-06-12 11 ...the Best Spot on Orchard Road h° tel ix Mj V Deluxe Room S$ 118.00 Super Deluxe Room* *****.00 a Suite Room* S$ 168.00 Room comes with OSIM massage couch.30 words
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WORLD news
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Article, Illustration641 2003-06-12 12 NEW YORK Judge imposes maximum term on former CEO of biotech firm Reuters NYT LAT-WP SAMUEL Waksal, ImClone Systems Inc founder, was sentenced on Tuesday to more than seven years in prison, the first chief executive to go to jail in the recent spateReuters; NYT; LAT-WP; AP; Source: Bloomberg - 641 words
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449 2003-06-12 13 GENEVA US sees a decline; growth of the wealthy globally inches np in 2002 Bloomberg THE number of millionaires around the world grew last year at the slowest pace in at least seven years as sinking stock prices depleted their wealth, a surveyBloomberg - 449 words
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665 2003-06-12 13 NEW YORK Some warn that overexnberant rally will lead to pullback AP THE buUs are back on Wall Street, and that means investors are finally feeling good again. So why isn't everyone cheering? Some market-watchers point to history, which shows thatAP - 665 words
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368 2003-06-12 13 NEW YORK Bloomberg THE US economy will grow about 3.5 per cent in the current half as President George W Bush's US$33O billion tax cut lifts stocks and encourages hiring. Treasury Secretary John Snow said. The tax cut Mr Bush signed intoBloomberg - 368 words
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273 2003-06-12 13 LONDON Reuters AP WORLD oil prices yesterday eased from around three-month highs, after Opec agreed to maintain existing output but called another meet in seven weeks in case recovering Iraqi exports weaken prices. In London, Brent crude LCOcl was 16 cents weaker at U5527.92, whileReuters; AP - 273 words
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WORLDWatch
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Article74 2003-06-12 13 Reuters [WASHINGTON] Federal prosecutors yesterday announced a criminal probe into Freddie Mac, two days after the No 2 US mortgage finance company swept aside its senior management over accounting irregularities. In a further sign of its troubles, Freddie Mac also confirmed the Securities and ExchangeReuters - 74 words
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Article77 2003-06-12 13 Bloomberg [NEW YORK] Texas Instruments Inc (TI) said second-quarter sales and profit will rise less than expected as demand in Asia missed its forecast. Sales will increase about 5 per cent from Ql's US$2.l9 billion and profit will be about six US cents a share, itBloomberg - 77 words
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Article61 2003-06-12 13 Reuters [NEW YORK] US consumer confidence stagnated in the latest week after a recent rebound, a report showed on Tuesday, as a rally in stocks failed to generate any marked improvement in sentiment ABC News/ Money Magazine said their weekly Consumer Comfort index was at -19Reuters - 61 words
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71 2003-06-12 13 AP [NEW YORK] World Com Inc announced further upheaval in its leadership, with the resignations of its general counsel, Michael Salsbury, and treasurer Susan Mayer. Both were criticised in a report by former Attorney General Richard Thornburgh for the bankruptcy judge about the firm's formerAP - 71 words
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Article, Illustration501 2003-06-12 14 WASHINGTON US should prepare to increase fuel imports, he tells Congress NYT Reuters FEDERAL Reserve chairman Alan Greenspan warned Congress on Tuesday that short supplies and sharply rising costs of natural gas could eventually contribute to "erosion" in the economy. He said the USNYT; Reuters - 501 words
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Article, Illustration284 2003-06-12 14 LATWP Bloomberg [WASHINGTON] Donald T Regan, who rose from em Irish working class background to serve as a groundbreaking chairman and CEO of Merrill Lynch and later as US Treasury Secretary and controversial Chief of Staff for President Ronald Reagan, died on Tuesday. He wasLATWP; Bloomberg; REUTERS - 284 words
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485 2003-06-12 14 WASHINGTON Some expect quarter-pt cot; others h&lf-pt Bloomberg WALL Street's biggest bond-trading firms are unanimous in predicting that the Federal Reserve will lower its target interest rate later this month but disagree by how much. A cut would beBloomberg - 485 words
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304 2003-06-12 15 LAT-WP [WASHINGTON] In a bid to boost the public's faith in Wall Street, securities regulators are moving forward with plans to have mutual funds disclose more detailed information about fees investors pay without knowing it. The Securities and Exchange CommissionLAT-WP - 304 words
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Article, Illustration1062 2003-06-12 12 Transaction date. Jun 11 DrrERBAMK CROSS RATES A$ C$ Bwb Euro HK$ Indts fcg|g> To Won tM 112$ P* fa Peso S$ Imi Sfr IB Wt Po—d US$ Australia 0.8* 5.459 0.562 5.130 30.743 54.139 0.775 7.862 2.499 1.U3 37.955 35.216 1142 5223 0.865 22JT7 27.507 0396 0.658 Canada1,062 words
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Article1623 2003-06-12 12 SICOM FUTURES Jun 11 RUB8ER Futures (Closing prices) OSS f (S cents/kg) Close Volume Open Wowtfc Mqli Low Sett (tonnes) Interest Jul 03 ***** Aug 03 176.50 Sep 03 169.75 Oct/Dec 03 165.50 RSS 3 (US cMts/kg) Votuim Open tH-i. f ,|i iA t wofttn nign low stn (towns)1,623 words
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Article710 2003-06-12 14 Transaction date:Jun 11 ifcdi— W ttom W> Of •letrMt u< iox Ntsmm sk am uat 4M QkC OH UK -O.WO OCK U« UN *4M» C*MBLmd tJ* -BO 40H CM OJT UBB <« WO (MMmlA 100 OS0 fljeas NrtnMfMZSr 0« aTTO CkD»Wi 1JS 4420 *axao »«3ptr>FmiMcak oa aJBS am OM«MK2V710 words
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Article567 2003-06-12 14 BONDS WARRANTS Pm Entry Last Vol Cmm Emt Nk Gmt- M«k> 'I-JJTI Sal* ««r- row «»tt» Price Uft ASTIW*****1 IS unch 11 1 16 29 2.69 12 AcmaLtdW*****t 15 unch 66 1 50 415 6.67 17 Amtek W*****0 675 -0.5 191 1 33 3 1.45 24 Armstrong W040S20 1-S 3707567 words
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Page 14 Miscellaneous
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Miscellaneous216 2003-06-12 14 CBTPTIC CROSSWORD 1 Dealing with letters from re--11 Where players have "their summer in Provence (6) I i \I In Cuba servants are comey make money (5) 28 Dressmaker employed at un- tie brain (8) Across: 1 Hispanic, 5 Tabard, 9 sooal hours (5,6) 9 Service pay regiment distrib- Geronimo,216 words
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Article66 2003-06-12 15 U-Wk Last Vol Day Last Quote Grf* M» GrVW MM MCap Hjjfc t— Ci—y S*a Q80) Hi» low mym U»m (V Wt im* 9600 89 Diamonds US8780cd 3810 2700 rSDJUSTMh US3740cd S5S SSS IS MSCI Spore USS55 8270 8200 ISSAPSOO US8270cd 0000 8280 SPCrftS US96SOcd 1620 1230 STIFTT10066 words
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Article1700 2003-06-12 15 UM Lad Val Day LactQvot* GrOrv On GrYM MM MCap irnrn S*« w- (H0| W# L— 8nyr Safcf Cw Ml S»i 175 75 ABRHIdgsSc 14.5 -0.5 999 16.5 14.5 14 14.5 28 24 15 APCMScT .21 <05 257 21 20 5 20 5 21 27 2 6 641,700 words
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Article290 2003-06-12 15 M Vol On Lait Quote GrtMv Mi Of*W »4Cjb wiS, L— r i w- r«OBt w» u» s— o wt 143 II AVJeonm,A25( A143cd «4 329 143 141 142 143 40 3.4 7 8 3 3078 Oth*P«20c MIC720 X II <££{ Cheung Kong50c MK1780 2« S3 67 «»5290 words
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Page 15 Advertisements
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Advertisement82 2003-06-12 15 Audemars Piguet V\ Le maitre de I'horlogerie depuis 1875 Exclusively at: CORTINA WATCH PTE LTD 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: 4648 Suntec City Mall Tel: 6337 5150. THE HOUR GLASS82 words
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BizIT
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Article, Illustration564 2003-06-12 16 Denesh Divyanathan - Sing Tel, Star Hub tell Denesh Divyanathan about the next big thing Denesh Divyanathan THE fight for the wireless email solutions market is on. Telecommunications giant Sing Tel launched yesterday a new regional wireless email service in Singapore, Australia and with its564 words
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Article, Illustration673 2003-06-12 16 kenneth james - ■■■■■■■■■■■■■■■I INFOTECH The PDA must show itself to be a viable business tooL That's happening now kenneth james WHAT a comedown it's been for PDAs. It's bad enough that handheld computing devices, or personal digital assistants, collectively suffered a sharp 22 per cent drop673 words
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Advertisement136 2003-06-12 16 m Authorised Reseller More Power, Less Cost UNIX-Based Server Solutions You are invited to see Apple's 1U rack-mount, UNIX-based server solutions with unlimited client licenses. Learn why it is an ideal option Archive a world of information with ease Meet the experts who will demonstrate how key technologies such as136 words
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Advertisement264 2003-06-12 16 our w^ruiy^^j Slammer Discovered January Ed fS~ '5iP IT p aiJ^^Hi*^ *W*HKjf3 Discovered A May 2003 Your current host based antivirus solutions (including desktop, server and email gateways) while generally effective, are not foolproof. Specifically they leave gaps in protection. The much studied Nimda, Code Red and Slammer attacks are264 words
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SHIPPING TIMES
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Article281 2003-06-12 17 Reuters THE Baltic Dry Index fell 4 points to 2130, the Baltic Capesize Index rose 3 points to 2945, the Baltic Panamax Index fell 9 points to 1988 and the Baltic Handymax Index fell 45 points to *****. TIME-CHARTER: Angelic Peace (built 2001) ***** dwt delivery dop ButterworthReuters - 281 words
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Article269 2003-06-12 17 MX '000 ■tin ss vti CWT Distribution 0.57 unch 132 ChuanHup 0.41 unch 2236 CH Oftshora 0.21 unch 371 Coscolnvtstmant-..0.26 -0.01 2260 Freight Links 0.06 unch 2155 G6 Holdings 0.66 0.01 42 Jaya Holdings 0.34 -0.01 2081 Kappal Corp 4.72 -0.04 5594 K! Vanturt 0.20 -0.01 5553 Kappal269 words
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594 2003-06-12 17 Donald Urquhart - ILO conference negotiating draft convention By Donald Urquhart [SINGAPORE] High-tech identity cards for the world's 1.2 million seafarers incorporating bio-metric data like DNA information moved one step closer to reality with the opening of the International Labour Organisation's (ILO) diplomatic conference last594 words
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Article, Illustration401 2003-06-12 17 Beth Jinks - By Beth Jinks [SINGAPORE] Hong Kong's main container terminals at Kwai Chung hamdied 9.6 per cent more containers in the first five months of 2003. The terminals which handle more than half of container trade at the world's busiest container port handled 4.9 million TEUsAFP - 401 words
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271 2003-06-12 17 Beth Jinks - This follows its withdrawal of charges of illegal strike action By Beth Jinks [SINGAPORE] Evergreen Marine Corp expects its US east coast operations to quickly return to normal after withdrawing illegal strike charges against the International Longshoremen's Association (ILA). The271 words
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162 2003-06-12 17 Xinhua [SHENZHEN] Life has returned to normal at Shenzhen, China's busiest port, since World Health Organization (WHO) lifted on May 23 an advisory against travel to Guangdong province and Hong Kong to curb the spread of severe acute respiratory syndrome (Sars). The ShenzhenXinhua - 162 words
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168 2003-06-12 17 Bloomberg [SEOUL] Hanjin Heavy Industries Construction Co, South Korea's fifth-largest shipbuilder, said it expects this year's operating profit to rise 14 per cent as the company reduces debt and wins more orders for ships and construction contracts. The company forecast operating profit to riseBloomberg - 168 words
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188 2003-06-12 17 AP [NEW DELHI] A cargo ship carrying timber from the Malaysian port city of Penang was sinking off India's eastern coast, officials said yesterday. "The 20 crew members have all been rescued and they are doing fine," said Indian coast guard commanderAP - 188 words
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Article, Illustration385 2003-06-12 17 PEOPLE K-Line Singapore has announced that managing director Juro Shiga will be returning to Tokyo to assume a new position after being based in Singapore for the last six years. Expressing his appreciation to the local industry for its friendship and cooperation during his tenure, Mr Shiga said385 words
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Article, Illustration931 2003-06-12 18 David Hughes - MHWBUILPS -By David Hughes THE big container lines appear to be in no doubt about the need for substantial extra tonnage and several seem to think German finance is the best means to acquire new vessels. There have been some major containerFILE PHOTO - 931 words
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SHIPS IN PORT
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Article590 2003-06-12 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER118 E3131 J3 A/SIDE 12/06 0030 CECCULEMBRG *****2 J7 A/SIDE 12/06 1200 EVERISEGLORY 77 J11 A/SIDE 12/06 0600 GOLDENMULIA JB062 J8 A/SIDE 12/06 0200 SEJ29 01/06 J6 A/SIDE 12/06 1800 UNIAN 0310 J22 A/SIDE 12/06 1600 UNIONSTAR 3 08/03J590 words
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Article138 2003-06-12 23 Jan 12 Philippines: Independ Day. Jan 19 Brazil:Corpus Christ Day. Jan 24 Philippines: Manila Day. Jail China: Communist Party. Hongkong: SAR Estab Day. Thailand: Bank Holiday. Jal 14 France: National Day. U Kingdom: Orangmen's Day. Jal 15 Brunei: Sultan Birthday. Thailand: Buddhist Lent Day. Jal 17 S Korea:138 words
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Article839 2003-06-12 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 the839 words
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Article505 2003-06-12 23 Carbon »0 Mai 9922 0.4 15.7 0.07 45 0.03 J£5 —*T Water »esl»» AsbAM,* Sedto** -above E25 J 380 Ma. 995.0 0.7 17.6 0.07 74 0.09 nt/iri v/v wttwa Wo above G3S 1 0 0 0 0 0 ISO/Cimac l.mrts Spic E25 991 10 ~0 OW505 words
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AIR & LAND transport
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Article, Illustration601 2003-06-12 24 Budget carrier changes business model of relying on one type of plane AP [NEW YORK] jetßlue Airways Corp said on Tuesday that it was ordering 100 regional jets for US$3 billion from Embraer, the Brazilian aircraft maker, in order to give itsAP - 601 words
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Article201 2003-06-12 24 Bloomberg [LONDON] BAA pic, the world's largest airport operator, said the number of passengers travelling through its UK terminals rose 2 per cent in May, helped by an increase in budget travelers. BAA, owner of London's Heathrow, Gatwick and Stansted airports, handled 10.9 millionBloomberg - 201 words
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271 2003-06-12 24 Reuters [SYDNEY] Australia's biggest airline Qantas Airways Ltd said yesterday that the country's competition watchdog has granted short-term approval of its jointservices agreement (JSA) with British Airways pic. The Australian Competition and Consumer Commission (ACCC) said it will decide later this year whether theReuters - 271 words
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228 2003-06-12 24 Deal averts strike which could have devastating effect on industry Reuters [MONTREAL] Canada's air traffic controllers reached a tentative contract deal with the country's air navigation service on Tuesday, averting a strike that could have had a devastating effect on the industry. Nav CanadaReuters - 228 words
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316 2003-06-12 24 AP [HONOLULU] A company claiming to be an airline was ordered not to sell any more bargain-priced tickets between Honolulu and Los Angeles. The state obtained a temporary restraining order against Mainline Airways LLC after an investigation foundAP - 316 words
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Article, Illustration478 2003-06-12 24 New planes will more than donble its fleet of 23 jets Bloomberg [BASRA, Iraq] Qatar Airways, created in 1994 to compete with regional carrier Gulf Air, will buy as many as 30 planes worth US$4.6 billion from Airbus SAS and maybe BoeingBloomberg; AFP - 478 words
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200 2003-06-12 24 Reuters [MILAN] Alitalia is not about to declare bankruptcy, chairman Giuseppe Bonomi said on Monday, days after Italy's Transport Minister had said the airline must push ahead with a restructuring or go bust in a few months. Asked if Alitalia was on theReuters - 200 words
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Article413 2003-06-12 24 xj-xe tm AIRLINE COOES AA American Arknes (AAL). Af Ar France (AfR) Ai At India (AK). AY Ftnnat Oy (TIN) AZ AtokaMm (AZA) BA BntrstArwtysPubkcLtdCo BAW, BG Bmar Bingadrst' Arknes (BBC I Bl Royal BruneiArknesSdnßhd(RßA) BO Bourao Arknes IBOUI BR EVAArwaysCorpn(EVA) CAAr China (CCA) CB Amercar413 words
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Advertisement690 2003-06-12 18 IMPORT I NORTH AMERICA |[~l| AUSTRALIA/NEW ZEALAND BUPBI SHUTTLE EXPRESS (88X) AUSTRALIA ASIA EXPRESS (AAX) vtssa voy lgr pig vKsa vor mi stp m Aot m pig OOQ NETHERLANDS 45W21 21/05 15/0* 17/0* NYK PRIDE 34M 04UT 07/0* 04/0* 04/04 10/04 IS/04 17/04 00(1 42WM M/ 0* 22/04 24/04 Aft690 words
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Advertisement511 2003-06-12 18 Lines services represented by nl tkMembers of tHe Registry of I® 3 Accredited Shipp-ng Agents. Log.shcs x°««* Singapore Shipping Association ssoci ton gg LILY UNE MALE AHSSII VOY ETA ETA ETA A f. KIAHG SfOtE WAfi May Carrier 739 A 13/06 15/06 24/06 Princess ULy 0603 23/06 25/06 04/07 Maid511 words
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Page 19 Advertisements
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Advertisement1178 2003-06-12 19 'f 1, ■saJw tO gni i TO USA (SAX SERVICE) VESSEI VOY SIX ETA LAX PAX DAI H(HJ CHI COt MEM ATI NYC Aft WOUND 11* 11/06 03.07 07.07 08/07 01/07 08/07 08/07 08/07 11/07 11/07 Aft CANADA 1141 25/06 10/07 14/07 15/07 15/07 15/07 15/07 15/07 lt/07 11/07 Aft1,178 words
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Advertisement2262 2003-06-12 19 "UPGRADE OUR SERVICE FROM SINGAPORE TO MACK SIA VIA MIT ttlf ORCttA (VKRABRE) 19 DAYS HYCRKVSK (UKRAINE) 20 DAYS GENttAI AGENTS IN SMIGAPOOI: NtOOINSONIO *17-00 SAUS/MGS TIL *****157/41 NUL 62M5121/24 I rAMflimi IMMIHUI RWt COSTAR SHIPPING PTE LTD SMOPOMIMII* OUTWAID(i/u MTOSM: I COHCTAHTZA (ROMANIA) 23 DAYS 1U: 6776 1900 (MAM)2,262 words
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Page 20 Advertisements
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Advertisement1081 2003-06-12 20 MMtW? HYUNDAI MERCHANT MARINE CO., LTD. Www, I—2l. t— CR NO. **********0H |VBSa VOT |5M SOU IB WW MIT HOW MV [VESSEL VOT SOU UH RTM ANT HAM ORV TT* MOl PROGRESS 007W JO/OS N/04 21/0* 14/04 IS/06 HY DISCOVERY 3141 13/05 07/05 09/05 11/05 31/05 HY INDEPENDENCE 314W 01/041,081 words
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Advertisement498 2003-06-12 20 W\ WAN HAI LINES V TIL *****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 mora details, call HOTLINE: *****588/1800-*****00 rasa vot sm m m 101 mm if ASIA EXPRESS USA498 words
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Advertisement715 2003-06-12 20 BSA jl MYANMA ■B FIVE STAR LINE (MyoßMor NotiMol Um) Loading for YaafM VISSEL VOT SIN Ptl PEN PGU PAGAN 306W SID HPAAN 307W SU> IN MAUTSIA: IOUSTUD SHIPPING AGENCIES KUL 03-*****300 PKI: 03-*****101 PEN: 04-2****** BANK LINE (A sarvkc of Andrew Weir Skipping) I NORTHBOUND TO EUROPE V CONTAINER,715 words
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Page 21 Advertisements
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Advertisement1241 2003-06-12 21 {VESSEL VOY KHH HKG SIN PKL OXB lAB DMM MK IRAN KERMAN PCL 315 10?06 11/06 14/06 13/06 22/06 23/06 29/06 01/07 IRAN ISFAHAN PCL 316 17/06 U/06 21/06 22/06 29/06 30/06 05/07 07/07 IRAN HORMOZGAN PCL 317 24/06 23/06 21/06 29/06 06/07 07/07 13/07 15/07 IRAN TCHRAN PCL 3181,241 words
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Advertisement510 2003-06-12 21 I k UK CONTINENT SERVICE Loading for GULSER ANA RDM/ATW/BMN/UK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN Loads Singapore. E7W. Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for MARILIS T DBI/ABU/DOH/BRN/DMM/KWT J SAFE DBI/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA 'Loads Sngapore. E7W Malaysia. Indonesia USA SERVICE Loading for SEA BEE CAM/NFK/SAV/NOL QUI GONG JINN CAM/NFK/SAV/NOL •Loads EVW. Malaysia. Indonesia510 words
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Advertisement860 2003-06-12 21 jEsa m m es« jossa m m si ami ohm m/o* u/o» _thLmi w 13/04 i*/q* PACOANOA 0970N U/fi* 14/04 rAtBMIAN ÜBS M/ 04 lAZflft pac ianoa 0971 n it/o* 17/04 rif mu Utt 20/0* 22/ A*— PKOANPA 0972* UZ#t UZSt_ EACOMITAN 9204 23/04 25/04 ami fisza ii/et m/m PACOANOA860 words
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Page 23 Miscellaneous
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Miscellaneous118 2003-06-12 23 I FOR7AM 12 Jun2oo3 Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols Showers Fu c rc,e w/o in e 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 Hazy A -One solid118 words
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