The Business Times, 7 November 2003

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Total Pages: 32
1 32 The Business Times
  • 6 1 MTAfP)O&MD3/200S 85C THE BUSINESS TIMES SINGAPORE
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  • 450 1  -  S'pore power retailer seeks damages from New Zealand's TUI Consulting, local unit By Tang Weng Fai ct t [SINGAPORE] Three years after a power billing fiasco involving tens of thousands of home users, SP Services, Singapore's largest electricity supplier, is suing the firm
    450 words
  • 743 1  -  Aussie and UK rate increases add to US mutual fond worries By Wong Wei Kong [SINGAPORE] Fatigue was written all over Asian markets yesterday, as investors found excuses to sell stocks that some fear may have run too far ahead of fundamentals,
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  • 74 1 □sn 1,79*1* (-14.18) ST INDEX FUTURES 1f751.00 (-20.00) nSMSCIRIIUHS mm 215.00 (-2.00) Thursday Change KLSE COMP ***** -4J5 NIKKEI 225 10.***** -***** HANG SENG _*****.» 288.83 SET INDEX 667.54 -616 JAKARTA COMP -632J1 -3.01 MANILA COMP 1.***** -148 TAIPEI WPI 6.013.40 -***** SEOIXCOMP 790.04 15.47 SHENZHEN B 281.78 +462
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  • 85 1 FOREX RATES USS S$ US$ (S$ per l T S$) 1.742 £(l T S$/S$ per 1676 1919 El'RO(lS$/S$/E) 1.144 1.993 YEN 109.9 63.10 RM 3.800 1182 HKS 7.768 4.4W BAHT 39.89. 2190 RIP1AH 8.493 1877 RENMINBI 8.299 4766 INDIAN RITEE 4629 26.01 A$__ 1.467 0.808 NZS 1.620 0.930 PRIME
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  • 478 1 It's first among top 4 central banks to do so; ECB leaves its rate intact Reuters Bloomberg [LONDON] The Bank of England raised British interest rates by a quarter point to 3.75 per cent yesterday, marking the first increase
    Reuters; Bloomberg  -  478 words
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  • NEXT page
    • 463 2  -  SGX withdraws eligibility status on receiving additional info on China firm By Kenneth Lim [SINGAPORE] China-based FibreChem Technologies, which was on the brink of a main board IPO, had its listing hopes dashed yesterday when the Singapore Exchange withdrew the "eligibility to list (ETL)" status
      463 words
    • 127 2 [SINGAPORE] Senior Minister Lee Kuan Yew is "doing very well" after a prostate operation yesterday, Prime Minister Goh Chok Tong told reporters last night Describing Mr Lee's condition as part of ageing, Mr Goh said: "Most men would have prostate problem. His (operation) is scheduled,
      127 words
    • 107 2 [SINGAPORE] The market may be cooling off, but listing hopeful Beauty China sure knows how to turn the heat up. The China company—which owns the Colour Zone brand of cosmetics and skin-care products in China— splurged on a big bash last night at
      ARTHURLEE  -  107 words
    • 446 2  -  Region will see the strongest growth, says industry body By Raju Chellam [SINGAPORE] The Asia-Pa-cific region, excluding Japan, is set to see the strongest growth in sales of semiconductor chips next year with revalues jumping 23.4 per cent over this year, according
      Source: Bloomberg  -  446 words
    • 639 2  -  BT exclusive S'pore fab ready to take advantage of industry momentum By Tang Weng Fai [SINGAPORE) Signalling urgency to catch the upturn in the semiconductor business, at least half of foundry giant UMCi's US$6OO million commitment to Singapore next year will be spent before end-2003
      639 words
    • ON THE grapevine
      • 142 2 ITS well known that legions of armchair investors follow every corporate move of Koh Boon Hwee, dubbed the man with the Midas touch. But what isn't known is that Mr Koh, who is also chairman of Singapore Airlines, does his homework thoroughly before deciding on an
        142 words
      • 67 2 GUANGZHOU city, the epicentre of this year's Sars outbreak, is again abuzz with Sars talk. But thankfully this is an "epidemic" of text messages spreading on handphones. The municipal health bureau is sending messages telling Guangzhou residents: "Don't under-cook food, wash fruit and vegetables, boil drinking water, pay
        67 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 198 3 mm —I '4 tB 5 9 AIGNER Leather Fashion Accettoriei l'.ir.im»n U.tllli's 1 loU I \h uli I ik.isiuiu.tx .i l.)r|vir 11 ncul Sioii y "-r f->>- 7*- x" 'Cm V, V -::W V' t ViJ t .t L:- >• ''£y PWk -4 1 ~v M& V f- *A?." >;>*••:•'•
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  • SINGAPORE companies
    • 465 3  -  Short sales form less than 5% of total trades; suspension to be lifted today hot probe stays By Serena Ng FEAR of a scramble by short-sellers for scrip in See! Hup Seng proved unfound-; ed. Contrary to what some market players believe,
      465 words
    • 386 3  -  By Serena Ng LESS than a year after buying a controlling stake in International Factors Singapore, privately held financial services group PhillipCapital is acquiring a UK ftind manager for an undisclosed sum. Phillip's founder and chairman Lim Hua Min yesterday declined to reveal the amount
      386 words
    • 889 4  -  HOCK lock siew teh hooi ling SINGAPORE Telecom's announcement to acquire Australia's Optus, made around March 2001, wiped out some $10 billion worth of shareholders' value. It's been two-and-a-half years since. But still, SingTel's market capitalisation today has yet to recover to the preOptus
      Compiled by BT  -  889 words
    • 691 4  -  Telco's net profit for Q2 climbs 14% to $473m, thanks to overseas arms By Angela Tan SINGAPORE Telecom's shares could be in for further gains after the telco beat some analysts' earnings estimates for its second quarter ended Sept 30, raised its target dividend
      CHRIS LOH  -  691 words
    • 408 4  -  SGX attracting more water treatment aid environment firms By Loh Hui Yin SINGAPORE is fast-becom-ing a centre for water treatment and environment stocks. The latest to Join the cluster of such stocks is Asia Environment Holdings, a China-based water and waste water treatment solutions
      408 words
    • 660 8 Once under fire for early overseas forays, CapitaLand is seen posting $45 million Q3 profit helped by its foreign investments Bloomberg CAPITALAND Ltd chief executive Liew Mun Leong described his sale in July of London's 166-year-old Brown's Hotel to UK hotelier Rocco Forte as "an
      Bloomberg; FILE PHOTO  -  660 words
    • COMPANY Briefs
      • 74 8 Reuters INSURANCE group Great Eastern Holdings Ltd reported a sharply higher quarterly net profit of $63.1 million yesterday following an improved economic climate and a rise in equity markets. Great Eastern, 49 per cent owned by OCBC Bank, said net profit for the quarter to
        Reuters  -  74 words
      • 54 8 MAINBOARD listed Huan Hsin, a contract manufacturer of telecommunications and electronic products, said net profit surged 47 per cent to $7.3 million from $5 million for the third quarter ended Sept 30,2003. Group revenue grew 83 per cent to $83.8 million from $45.8
        54 words
      • 63 8 Bloomberg PACIFIC Century Group, a private investment company controlled by Richard Li, son of Asia's richest businessman Li Ka-shing, said it's part of a group that has agreed to invest in Japan Telecom Co. Richard Li will become a director at Japan Telecom, the
        Bloomberg  -  63 words
      • 56 8 TR Networks has embarked on a series of advertising and promotional activities to promote its products since the group's entry into the Singapore market in June 2003. The directors said they are confident that the Singapore market will contribute about 30 per cent to 40
        56 words
      • 66 8 CSE Global Ltd (CSE) said its United States-based subsidiary, W-Industries Inc, has recently secured a contract valued at US$l.B5 million to provide instrument and electrical construction services for a production facility in the Gulf of Mexico. The project, which is expected to be completed
        66 words

  • Page 4 Advertisements
    • 130 4 THE ORIGINAL Vm POSTGRADUATE AND MBA FAIRS 2003 >■' -■,•>; lit.. K MASTERS PHD DIPLOMA LAW NOVEMBER 8 9, 2003 Suntec Sing a pc e lute* --uitiurittf Conventian Exhibition Centre. Coik:<»i:ish Lev*-1 >> Open 12.00 70 00 MEET REPRESENTATIVES FROM: UNiVFRSITY Oh CAMBRIDGF Post(ji"ticiiifite.'Masters Level Mtinm;- Pron 1 tJ nnie%
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    • 205 5 t f££f-iW* r i£??rp* f>W v rofCv vjwF.vv,- ••^v:'>*' i 0* y^:-':•>'m ..-%y Jj,;' >-* r~^-'•&¥■ P '%W"~ v y :-r *V" j; t Set sail for a waterfront address like no other. v 1 rnam&lll^^ >-'' *tet.* !>>'" -Vi^'"'"' I )ive into the ultimate luxur\ of Sentosa Co\ e,
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  • SINGAPORE markets
    • Article, Illustration
      580 6  -  Compiled by VEN SREENIVASAN ASL MariM Nov «GMv«2cMb WE are initiating coverage on ASL Marine with an OUTPERfQMI rating and a target price of $0.86. With a fleet of 107 tugs and barges, ASL Marine services the offshore and marine industry. Its 50-per-cent-owned ASL Energy has secured a
      Source: Bloomberg  -  580 words
    • 265 6  -  HOT STOCK WARRANT By Ven Sreenivasan IT was rather odd to see Singapore Telecom's shares close a cent lower at $1.77 a day after it posted stronger-than-expected second quarter results. South-east Asia's biggest telco grew its profit 14 per cent year-on-year to $473 million
      Source: Bloomberg  -  265 words
    • 561 6  -  BT comment STOCKS ven sreenivasan ONE can view it as either a pause in the bull run or the beginning of the end. But the volatility and weakness the Singapore bourse exhibited yesterday as a result of selling initiated by hedge funds generated extreme
      Source: Bloomberg  -  561 words
    • 504 6 Euro, unruffled after rate decisions Reuters [LONDON] The euro was steady yesterday after the European Central Bank left interest rates unchanged as expected, while sterling was also largely unmoved by an anticipated quarter-point UK rate rise. The prospect of US weekly jobless claims last night, an increasingly important indicator of
      Reuters; AFP  -  504 words
    • TRADES TO WATCH
      • 113 6 XU Sheng, a substantial shareholder of financial-ly-troubled Startech Electronics, has sold a 2.55 per cent stake, or 2.52 million shares to two other substantial shareholders at 11.5 cents per share. Seah Siew Heng bought 1.25 million shares from Mr Xu on Nov 4, raising his
        113 words
      • 106 6 ENGINEERING and construction group Yongnam Holdings' executive chairman Kevin Yap Foo Seong exercised options for 4.2 million shares at 2.64 cents each on Nov 3. The shares represent a 2.33 per cent stake in the company, and based on yesterday's closing price of 5.5 cents, Mr
        106 words
      • 146 6 HONG Kong and Singa-pore-listed monitor maker TPV Technology said yesterday its director Pen Tseng-Kwan sold 750,000 shares in the group, while US-based bank JP Morgan Chase Co picked up another 3 million shares in the open market. Mr Pen sold 550,000 shares on
        Source: Reuters  -  146 words
      • 82 6  -  Compiled by SERENA NG TOLL bridge operator China Toll Bridges Roads has a new substantial shareholder in Century' Investments Co, which yesterday emerged with a 10.75 per cent stake or 80.8 million shares in it. Century said the stake is a "strategic investment" and "part
        82 words
    • Article, Illustration
      401 6 OTHER SINGAPORE INDICES Nov 6 VALUE $LOSE ITOBflB -890.00 -118.00 ■reap! -*****.00 -172.00 -*****.00 -89.00 MffHF*lli 477.96 -3.65 MfinMiilirl 172.52 -2.47 mpM-Hi 1519.61 -3.09 m«*lnftip 449.76 -6.46 217.70 -1.61 IMKIFBIbii 218.00 -2.00 KXD Digital 4.5c 44,335,000 Beyonics 10c 39,092,000 Chart SemiCond 26c 30,830,000 Sunray HK15c *****,000 SingTel 15c 26.161.000 CAMIrrtSc
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  • PERSONAL finance
    • 1106 7  -  CHRIS FIRTH offers tips on how to ride an upswing, yet limit risks and lock in profits CHRIS FIRTH MAKING money on stock markets has been easy recently. Just by sticking money in any equity fund, or any half-decent stock, you would have come
      Source: Henderson Global Investors Datastream Sept 30 2003; Source: dollarDEX  -  1,106 words
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    • 88 7 I Wr l j I| I I I jfi\ I K lis ;I® ™sj| Our two best arguments. .1 > Original and Glashiitte. I II OL*«Korr» '/»a WW. MAM M CTRMAMY ■PS > 1 5 Kj iM. Jim" --JI we have developed jjV crafted in our the tiniest screw to
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  • Page 8 Advertisements
    • 1971 8 AmtekiSl I NOTICE IS HEREBY GIVEN that the Twenty-Third Annual General Meeting of AMTEK ENGINEERING LTD will be held at Jurong Country Club, Reus Room, Level 2, 9 Science Centre Road, Singapore *****8 on Friday, 28 November 2003, at 10.00 a.m. for the following purposes ORDINARY BUSINESS 1. To receive
      1,971 words
    • 789 8 Hi «<mtbc call Wil-fwt 1100 M) 8821 ■otke«»sph.co».sg HITCHINS GROUP LTD (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at 30, Toh Guan Road, #07-01, ODC Distncentre, Singapore *****0 on the 24* day of November 2003 at
      789 words
    • 424 8 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND GAGEFORD PTE LTD (In Members' Voluntary Winding lip) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50 a Final Meeting of the Members of the ahovenamed Company will he held
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  • SINGAPORE news
    • 274 9  -  EYE on the economy employment By Chuang Peck Ming IT'S no secret that Asians put in more hours at work than Europeans. But who among Asians work the longest? Hong Kongers apparently, according to Swiss bank ÜBS. They each spend 2,398 hours working
      274 words
    • 153 9 SINGAPORE and China jointly launched an airport management training institute, the first of its kind China has set up with another civil aviation authority. Located on the premises of the Xiamen Airport, the China-Singapore Airport Management Academy (CSAMA) will provide training to China's airport staff in
      153 words
    • 351 9  -  Sino-Japanese venture to build Republic Poly's Woodlands campus By Chen Huifen A JOINT venture between China Construction Development Company (CCDC) and Tasei Corp has won a $322 million contract to build Republic Polytechnic's campus. The biggest single public construction project this year, it covers a
      DP ARCHITECTS  -  351 words
    • 527 9  -  Firm had assembled 15 people to pretend to be designers By Daniel Buenas THE Wishing Star-JTC trial took an unexpected turn on its third day yesterday, after one of Wishing Star's most important witnesses admitted that the company had asked people to pretend to be
      527 words
    • NEWS Roundup
      • 113 9 FROM next Monday, visa requirements for Vietnamese, Cambodian and Laotian nationals visiting Singapore will be lifted. Minister for Trade and Industry George Yeo said yesterday at the opening of a Singapore visitor's centre in Ho Chi Minh City. "The revised visa policy will make
        113 words
      • 59 9 THE National University of Singapore Business School has launched a Joint executive programme with the Indian School of Business. Called the 1SB-NUS executive programme on Doing Business in Asia, the 12-day intensive programme starts at the end of this month. It will be conducted
        59 words
      • 59 9 PN BALJ1, the forma- executive adviser of MediaCtop's free tabloid Today, has been appointed director of a new PR agency called Bang Public Relations. It is an offshoot of Crush, an independent advertising agency. Bang will offer the spectrum of PR services, specialising in Issues
        59 words
  • Page 9 Advertisements
    • 52 9 Raffles Hotel is pleased to announce the r^Ovengagement of the services of several exceptional i/S» jGotV individuals from the world of haute cuisine and fine vintage wines. As a precaution, we suggest j you clear your diary for a week of indulgence at jyuT this most auspicious occasion where details
      52 words

  • EDITORIAL & opinion
    • 798 10  -  THE bottom line OPINION leon hadar WASHINGTON is sometimes described as Spin City. This is, after all, the city where political consultants, PR operators and business lobbyists will massage any message and market it successfully to receptive audiences. From the White
      798 words
    • 62 10 'A central problem for Bush in Britain is that while he is greeted with wary respect at 10 Downing Street, his unilateralism and folksy Texas style don't go down well with the chattering classes, who regard him as exceedingly dangerous and something of a buffoon.' -Anthony King
      62 words
    • 547 10 EDITORIAL IT IS a message that keeps coming up. This time it was Gail Fosler, chief economist of The Conference Board, who wasn't mincing her words: the government needs to be far less involved in the economy if innovation is to flourish here, Ms Fosler, who
      547 words
    • 1053 10  -  Jobs being outsourced are just a tiny proportion of America's 10-million-strong IT workforce. Besides, they'll return in new, exciting forms when the economy recovers By Robert B Reich LAT-WP THERE'S good news and not-so-good news in the American workplace. The good news is
      LAT-WP; AFP  -  1,053 words
    • 908 10  -  COMMENTARY An overheating China is a huge risk for the rest of Asia By William Pesek Jr Bloomberg FOR years now, the suspicion has been that China was cooking the books, overstating gross domestic product (GDP). Now it seems the only thing cooking is growth,
      Bloomberg  -  908 words

  • REGIONAL news
    • 548 11  -  BT exclusive KL-Bangkok flight details out soon; flights to start in Nov, sources say From Eddie Toh in Kuala Lumpur AIRASIA'S impending partnership with Thai Prime Minister Thaksin Shinawatra will expedite the Malaysian budget carrier's plan to go regional thanks partly to Singapore Airlines'
      ARTHUR LEE  -  548 words
    • 564 11 NEWS analysis But its diversification strategy is sound: analysts [BANGKOK] Shin Corp's move into the passenger airline industry may be a wise one but the route to success will not be turbulence-free, Bangkok's The Nation yesterday quoted industry experts as saying. While the telecom
      564 words
    • 237 11 SINGAPORE Bloomberg MALAYSIA said it plans to sell shares in the Federal Land Development Authority (Felda) early next year, a day after delaying the sale, which would create the world's biggest listed palm oil company, to review its impact on workers' welfare. "It
      Bloomberg  -  237 words
    • NOTE Book
      • 80 11 Bloomberg [KUALA LUMPUR] Pernas International Holdings Bhd, a Malaysian hotel and plantation group, said it will sell 25 per cent in United Malayan Land, a developer, for RM131.5 million (5580.2 million) in cash to reduce debt. Closely-held Wawasan Perangsang Mewah Sdn, a company
        Bloomberg  -  80 words
      • 90 11 Reuters [TOKYO] A private investment group controlled by Hong Kong tycoon Richard Li said yesterday it will join Ripplewood Holdings and several other firms in investing in the landline unit of Japan Telecom Holdings Co Ltd. Mr Li heads PCCW Ltd, Hong Kong's
        Reuters  -  90 words
      • 69 11 Bloomberg [JAKARTA] PT Telekomunikasi Indonesia said it needs more time to submit its 2002 audited report to the US Securities and Exchange Commission, failing to meet a self-imposed deadline of Oct 31. The country's largest telephone company missed a June 30 deadline and
        Bloomberg  -  69 words
    • 665 13  -  Ministry seeks tax breaks to attract foreigners, domestic householders From Anthony Rowley in lokyo JAPAN'S Ministry of Finance (MOF) plans to expand the investor base for Japanese Government Bonds (JGBs) to include more foreign holders and domestic individual investors. If the ministry
      REUTERS  -  665 words
    • 432 13 HONG KONG Share offer may be world's biggest this year Bloomberg CHINA Life Insurance Co, which controls three-quar-ters of the nation's life insurance market, plans to sell as much as US$2.5 billion of its shares in what may be the world's biggest
      Bloomberg  -  432 words
    • 410 13 HONG KONG Crisis poshing up wages and company costs: survey Reuters A LACK of talented managers in fast-growing China is pushing up wages and company costs while lowering the country's competitive edge, an international personnel consulting firm said yesterday. Good managers can take their pick
      Reuters  -  410 words
  • Page 11 Advertisements
    • 272 11 <l naaaement Raffles Grill Chef David Mollicone 'Unleashes the Flavours' with specially-prepared menus for lunch and dinner designed to tempt the palate and engage one in new culinary adventures. SPECIAL GUEST APPEARANCES: PREMIERE EPICUREAN EVENTS INCLUDE: Top French wine makers Dominique Laurent from Burgundy, Award winning Pastry Chef Norihiko Terai
      272 words

  • Page 12 Advertisements
    • 5469 12 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50. ((Section 290(2)(b)] AND IN THE MATTER OF RED SEA MARITIME PTE LTD (In Members' Voluntary liquidation) NOTICE OF RESOLUTIONS At on Extroordmory General Meeting of ihe Company held ot 8 Cross Street, 17-00 PWC Building, Singapore *****4 on the 30th
      5,469 words
    • 1094 12 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF 1) KEPPEL EAGLE (PTE) LTD 2) EAGLE ENGINEERING COMPANY PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Sect ton 308 ol ttie Companies Ad. Cap 50 the
      1,094 words
    • 933 12 IN THE MATTER Of THE COMPANIES ACT, CAP. 50. [(Section 290<2Mb)] ANO IN THE MATTER Of UNI-fRANCE OFFSHORE ENGINEERING PTE LTD (In Members' Voluntary liquidation) NOTICE Of RESOLUTIONS At on Extraordinary General Meeting of the Company held at Cross Street, #17-00 PWC Building Singapore *****4 on the 30th day of
      933 words

  • 48 13 UNIT TRUSTS FUNDS Li6B*>: Al prke we indketiw eopt far Eji Mnggk «m« Broadly MvenMa* I Nvnaaty Fooaed; S lowar RWc »low to Madwm «Wc IMadam to Htati Kric Mohar M: opan-andad. ••far* wbdmson of unit* Aftar wfadMtfon of units aftar Modi *0* WA-Won Oiling Day Hoor PnwStOllS
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  • Page 13 Advertisements
    • 22 13 Visit www.emirates.com/sg now and win two Business Class tickets to Brisbane, including accommodation and tours. Keep discovering. Emirates Ovei 60 destinations worldwide
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  • Article, Illustration
    929 14 Transaction date:Nov 6 nrrERBAMK CROSS RATES A$ C$ Ihnfc Euro HK$ Indta frplah Yw Won HI »8 Wh Pwo S$ Rand Sfr IT} Wt Poond W Austral 0.947 5197 0121 5.519 12.180 60.343 O.T®1 8.391 2.700 1151 40.782 39.144 1237 4.944 0.973 24.169 21-340 0.424 0.711 C«u4* 1.056 6.228
    929 words
  • WORLD news
    • 401 14 LATEST US DATA Unemployment claims drop to pre-recession levels, raising recovery hopes Reuters AP [WASHINGTON] Productivity of US companies in the third quarter registered the best showing since early 2002 and new claims for unemployment benefits last week plunged to the lowest
      Reuters; AP  -  401 words
    • 241 14 LONDON Bloomberg SONY Corp and Bertelsmann AG said they agreed to merge their music units, a combination' that would create the second-largest record company in the US$3l billion global industry. The companies will each own half of a company to be called Sony BMG,
      Bloomberg  -  241 words
    • WORLD Watch
      • 88 14 Bloomberg [NEW YORK] Putnam Investments was fired from managing US$542 million of international stocks for the Arkansas Teacher Retirement System. Arkansas is the seventh US state in which pension funds have dropped the company since it was charged with securities fraud related to short-term mutual
        Bloomberg  -  88 words
      • 77 14 Bloomberg [SYDNEY] Australia's jobless rate fell to a 14-year low and the economy added four times as many jobs as economists forecast after retailers and hotels hired workers to serve rugby fans visiting for the World Cup. The unemployment rate fell to 5.6 per
        Bloomberg  -  77 words
      • 98 14 Reuters [LONDON] Europe's biggest share market, the London Stock Exchange, said yesterday that first-half turnover was flat compared to the same period last year as it copes with uncertain stock market conditions. "Although various market indices have risen since March, our financial performance is not
        Reuters  -  98 words
    • 418 15  -  Weak recovery in Western Europe and Japan cited From Ravi Kanth in Geneva GROWTH in global merchandise trade is expected to decline to 3 per cent this year on weak recovery in the industrialised countries, particularly Western Europe and Japan, according to
      418 words
    • 371 15 SAN FRANCISCO NYT Bloomberg CISCO Systems, the large Internet equipment maker, reported quarterly earnings and revenue growth on Wednesday that exceeded Wall Street's expectations. That result, company executives said, offered further evidence of recovery. John Chambers, the CEO of Cisco, said the sales growth gave
      NYT; Bloomberg  -  371 words
    • 458 15 NEW YORK They don't trust listed firms' accounts, auditors, equity analysts Reuters, Bloomberg SOME of America's wealthiest people have developed a lack of trust in publicly traded companies, corporate financial statements and independent auditors, a new poll released on Wednesday showed. The
      Reuters,; Bloomberg  -  458 words
    • 477 17 SYDNEY Media conglomerate beats analyst forecasts with net profit of US$386m Reuters QUARTERLY profits more than doubled at Rupert Murdoch's News Corp Ltd and the profits were boosted by strong DVD sales of Daredevil and Phone Booth as well as growth
      Reuters; REUTERS  -  477 words
    • 385 17 NEW YORK He says new market could offer expanded opportunities for traders and investors Bloomberg, FT WELCOMING foreign competition in the US futures industry. Federal Reserve chairman Alan Greenspan on Wednesday said a new market for US Treasury futures may help make
      Bloomberg,; FT  -  385 words
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  • Page 15 Advertisements
    • 34 15 W^ml Lianhe Zaobao lUOB I I beefs up I I its private I I banking I I services I lin greater I I China region I H Q y| H *$MBfflMB*Jß*+*E I TilkH- I
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  • 6 17 Transaction date: Nov 6
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  • 66 17 524ft Tal LM M Day Last Q«ot* GfOw M> CrTW MM MCjb I— CW» Ciw>m Mt W- rww L— Utm Cm M 9600 89 6065 Diamonds US2060ed 2810 1750 1740 6095 ISDJUST«h U***** 6097 ISMSCISpoce USS55 (101 I5S4P500 U***** 9650 9650 6170 SPDRS U***** 1816 1230 6235 ST1ETF100
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  • 1900 17 U-M M la* M Day LMQwtt GfOt* 0I« OtW MM MCaa >j)» I— Cade Ci wp li| 5«4t W- Cm* MN» l— Mil CVr WE 26 7 5 5000 ABRHMgiSc 195 -0 5 205 20 5 19.5 19.5 20 374 42 12-5 2101 APCMSc 33 uncti 380 33.5
    1,900 words
  • 324 17 U-M W U« Vol Day LH GrOjr w» OrtW MM MCaa U» CW« SSSSL S*fc W- £gg W» I— —y Mhr Cw «f «■> IK 91 6000 AVJem*ngiA25c A1«1 -2 130 182 1»1 180 181 40 8J 5.5 6.9 3896 6001 Cathay Pac 20c HK720 ?S 2"5 f
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  • CINEMA/ARTS
    • 801 18  -  But no matter, the audience will still be frustrated by the mumbo jumbo in Matrix Revolutions By Jaime Ee A DAY in the Matrix with the Wachowski brothers: Larry: "Hey Andy, which door you wanna go through today?" Andy: "Who cares! Whichever doesn't have any reporters behind
      801 words
    • 510 18  -  The Human Stain takes itself far too seriously, and becomes ponderous By Geoffrey Eu WITH a title that sounds more like a well-documented Clin-ton-era indiscretion than a man grappling with his own inadequacies and desperate to keep a decades-old secret. The Human Stain
      510 words
    • 545 18  -  Prism opened in Japan last week, while Pharak Pharam will be staged in Laos this weekend By Cheah Ui-Hoon PERHAPS it's the "lack" of culture and heritage preservation in Singapore, or the rapid pace of urbanisation, that has compelled theatre makers to do their
      545 words
    • 397 18  -  By Sangeetha Madhavan A HOUSEHOLD name in Australia, the Bell Shakespeare Company (BSC) has been conducting programmes in schools here for three years. On Wednesday, it put on the production of All the Word's a Stage at the DBS Arts Centre, a reading of excerpts from the
      397 words
  • Page 18 Advertisements
    • 55 18 Tr 9 jM,, .jaawasHr I w J mL H Hp I mUm i'ni Bk' .;Jr jfc-i s' HugflK «t>■ \w\ v. 2 non stop flights to New York every Friday Sunday For more information, in/a it a IOUMVC I please call your travel agent or ImUflPlf I Alffl Wf\W J
      55 words

  • Page 19 Advertisements
    • 53 19 I I I to the <«S?y I I I *C r» Ntoiwtol wfll um the help s I I |fo jk* {t~\ 'f Ji -i.-jr *•'•J. ,*"'<? t? f < ■=< ,*&> H I'|> I HSBC I ssued by The Hongkong and Shanghai Banking Corporation Limited, which is incorporated in
      53 words

  • PERSPECTIVE
    • 751 20  -  OFF the cuff Don't get conned he warned! Arm yourself against confidence tricksters with a healthy dose of common sense and simple precautions jaime ee WHY do people get conned? You get a phone call from a stranger saying you've won two nights' free
      751 words
  • Page 20 Advertisements
    • 251 20 Where to wine, dine and entertain... 7 Special Offer Cheft Recommendations 6 H "ffl S^^JlsLrk, f vwis2trt xjjr' im $w i 5 CaMman ShMt. Ikigapm *****6 PMUolwr Cotaman'(#Mi iwst Asian A La Carte Buffet v nSHHi^EiBRI t ,A. Savour the best of Asian cuisine at Captain's Table a la carte
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    • 257 20 Enjoy The Best CXilinary Catch Of The Day Feast en New Zealand Rock Oysten. Mussels. Smoked Fbh and Chilled Prawns, then head for the open kitchen for Seafood Skewers. Crayfish. Spicy Crab and more. An added bonus Is our Japanese corner, featuring Saahtmi. Sushi. Ebi Tempura. and etpen. $35 per
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    • 238 20 COMPLIMENTARY BT OUT of theoffice tomorrow? Then ask for a complimentary copy of The Business Times {it Milton ia Walk and selected F&B outlets at the following mails: Scotts, Liang Court, Plaza Singapura, Clarke Quay, Funan IT Mali IMM, Tampinee Mall, and Junction 8. > IMERITUS MANDARIN SINGAPORE l~ WrotH
      238 words
  • Page 20 Miscellaneous
    • 167 20 CRYPTIC CROSSWORD 25 shirt on shett (4) 26 Successfully removing label? (7,3) BOle (8) YESTERDAY'S SOLUTION 27 Got weaving (8) 7 n .®f Jral Across: 7 Relation, 9 Uneven, 28 You wi have to break one to nrst on island (5) 10 Spot, 11 Overlapped, 12 ™keone(6) 8 "g** Rescue,
      167 words

  • Page 21 Advertisements
    • 178 21 The Rolex Mentor and ProtEgE Arts Initiative After ai I. 'in w: i perhaps the greatest cj if t c> f ;i I! r; k f 111 |,•■ll</ I t 111 •-M i it' •i.irml('n<' A r 11 > I I r iuhm. ■•ni' i s ..it... ij j 11.,,.
      178 words

  • EXECUTIVE Lifestyle
    • 1395 22  -  Cheah Ui-Hoon looks at how homegrown F&B brand names are expanding overseas through franchising Cheah Ui-Hoon IMAGINE this scenario if you're in Jakarta, Kuwait or Shanghai: tuck into Ya Kun kaya toast for breakfast; lunch at Thai Village; pick up a few "'designer buns from Bread Talk
      1,395 words
  • Page 22 Advertisements
    • 144 22 tAe @*alatc One-Ninety. For Simple Pleasures Made Special fIBBC Indulge in One-Ninety's irresistible blend of comfort and easy sophistication. The experience perfected by our award-winning service and cuisine. Enjoy the exquisite dilemma of choosing between Modern European dishes or creative Asian cuisine. Or avoid such decisions by selecting our semi-buffet
      144 words

  • SHIPPING TIMES
    • 251 23 Reuters THE Baltic Dry Index fell 92 points to 4432, the Baltic Capesize Index fell 34 points to 6622, the Baltic Panamax Index fell 237 points to 4153 and the Baltic Handymax Index fell 29 points to *****. CSK Grandeur (built 2000) *****0 dwt delivery Dunkirk 12/15 November
      Reuters  -  251 words
    • 280 23 SGX '000 NavC S$ Vol CH Offshore .036 -0.02 40*7 Chuan Hup 031 001 1823 Cosco Investment 0.61 -001 9370 CWTDutnbutlori 0.57 -0.01 14 E*raHldgs .0.99 -0.02 646 Freicrfit Links ...0.11 unch 11S0 GB Holdings 0.69 -0.01 46 Java Holdings 0 84 -001 3527 K1 Ventura 034 -001
      280 words
    • 498 23  -  Technology most go hand in hand with better screening and operating procedures report By Donald Urquhart [SINGAPORE] The current industry focus on electronic container seals and "smart containers" to enhance container security is misleading and the use of technology could actually
      FILE PHOTO  -  498 words
    • 251 23  -  By Beth Jinks [SINGAPORE] The International Transport Workers' Federation (ITF) has threatened to launch a "ports of convenience" campaign, condemning the European Parliament's port reform proposals. ITF said it may target ports that liberalise along the draft regulation, which it has slammed
      251 words
    • 140 23 AFP [SOUTHAMPTON, England] The luxury British cruise ship stricken by a highly contagious stomach virus docked yesterday morning in the southern English port of Southampton, the ship's owners said. Shipping company P&O said the Aurora's 1,800 passengers should finish disembarking at around 0830 GMT after
      AFP  -  140 words
    • 184 23 Reuters [OSLO! Norwegian shipping group Odfjell said that it swnng to a net loss in the third quarter, hit by a fine in a US antitrust case over cartel activity in the chemical tankers market. Odfjell, which has admitted to cartel activity, reported a
      Reuters  -  184 words
    • 390 23  -  Local throughput totalled 14.96m TEUs in first 10 months By Beth Jinks [SINGAPORE] PSA Corporation's Singapore container volumes are up 7 per cent in the first 10 months of the year, while its overseas volumes surpassed last year's total in October. PSA handled
      390 words
    • 245 23 [LONDON] Protesters from environmental group Friends of the Earth (above), hold banners as Phil Shiner, (left), representing the local residents of Hartlepool northern England and Phil Michaels a lawyer for Friends of the Earth address the media outside the Royal Courts of Justice, London. They announced
      AP  -  245 words
    • 994 24  -  ADMIRALTY CASEBOOK London Convention recognises distinction between substantive rights and domestic procedural rules: Aussie court By Selva Kumar AN Australian court recently decided on an important question of practice and procedure on how the 1976 London Convention on Limitation of Liability for
      994 words
    • 65 24 AFP [SEATTLE] A British Airways Concorde passenger jet is towed on the rampway, while pilot Captain Mike Bannister waves a British flag at Boeing Field in south Seattle, Washington. This Concorde was donated after being decommissioned by British Airways and is one of
      AFP  -  65 words
    • 3 24
      3 words
    • 3 29 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 2 31
        2 words
      • 2 31
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      • 132 31 Nov 25 Singapore: Hari Ray a Puasa. Malaysia: Hari Raya Puasa. Dec 5 Thailand: King's Birthday. Dec 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 25 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas
        132 words
      • 444 31 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        444 words
      • 453 31 Carton Oct 30 Density Water Residue AshA'ui»imwin Sediment %M/M tin* W/IT3 %1ft %M/M HM/M mi mthot ISO/Cmmc Limits Spec E25 991 1.0 15.0 0.10 80 0.10 Spec G35 991 1.0 W.O 0.15 80 0.10 Northern Europe 180 Aye 982.5 0.1 12.0 0.04 20 0.02 180 MM
        453 words
    • AIR & LAND transport
      • 467 32 Aerospace firm posts net loss of 58m euros; core profits fall 19% [PARIS] Airbus parent EADS posted a third-quar-ter net loss and a sharp fall in core profits yesterday, hit by a drop in jet deliveries at its plane-making unit and
        Reuters; FILE PHOTO  -  467 words
      • 153 32 Reuters [LONDON] British Airways, Europe's biggest airline, said yesterday that passenger traffic in October rose 4 per cent from last year, and that its revenue outlook was now more stable. BA, which has been the most aggressive cost cutter among its European fullservice rivals following
        Reuters  -  153 words
      • 335 32 Tie-up would boost network in Russia, says chief exec Bloomberg [TEL AVIV] Deutsche Lufthansa AG, Europe's thirdlargest carrier, is in talks to form a partnership with OAO Aeroflot, Russia's largest airline, to grow its network, said Lufthansa chief executive officer Wolfgang Mayrhuber.
        Bloomberg  -  335 words
      • 242 32 Reuters [TEL AVIV] Lufthansa said yesterday it was seeking increased capacity on its Frankfurt-Tel Aviv route this winter in comparison with a year earlier. Israel's Civil Aviation Authority, however, has not yet granted permission to the German company, the leading foreign carrier of passengers
        Reuters  -  242 words
      • Article, Illustration
        38 32 [FRANKFURT] Travellers looking at an OFRO security robot during a demonstration at Frankfurt's airport. OFRO, manufactured by German company Robowatch Technologies, is the first mobile security robot worldwide for outdoor surveillance, and costs 50,000 euros (5599.500). AFP
        AFP  -  38 words
      • 236 32 Reuters [LONDON] British airports operator BAA posted a 4.3 per cent fall in first-half pretax profit yesterday due to higher pension costs and weaker demand for air travel during the Iraq war and the Sars virus outbreak. "A record number of passengers and a
        Reuters  -  236 words
      • LOG Book
        • 96 32 [SINGAPORE] The Singapore Government will extend third party war risk liability insurance cover to the Civil Aviation Authority of Singapore and approved SIA subsidiaries beyond Oct 31. This extension is to enable Changi Airport and SIA subsidiaries to continue operations in light of inadequate
          96 words
        • 77 32 Reuters [SHANGHAI] Chinese flag carrier Air China yesterday said it would order five 737 aircraft from Boeing Co, apparently part of a Chinese shopping spree aimed at deflecting US criticism of China's massive bilateral trade surplus. The order is expected to be firmed
          Reuters  -  77 words
        • 68 32 Bloomberg [VIENNA] Austrian Airlines Group said third-quarter net income fell 69 per cent as the airline cut fares amid competition from no-frills carriers. Austrian said it aims to break even at an operating level for the full-year. Net income fell to 9.8 million euros (5519.6
          Bloomberg  -  68 words
        • 71 32 AFP [NEW DELHI] Bhutan's tiny state-run carrier Druk Air will start direct flights from the Buddhist kingdom to Bodhgaya, the Indian city where the Buddha reached enlightenment 25 centuries ago, state press said yesterday. The weekly service will be launched at a promotional round-trip
          AFP  -  71 words
      • 395 32 AIRLINE COOtS <W Amencjr Artnes IAAL) Ar FrtncelAFßl AIArH*Ia(AIC)AY FmtrOyfFM) AZ AMUa Artnes IAZAI BA Bnttsf Arwtys Pubic Ltd Co IBAHO BG Brmn Btngaoesf Artnes (BBC) Bt R01& Brunei Artnes Son Bha iRBAj BO BourtqArtnes (BOUI BR EVA Amtys Corjm (EVA) CAArOmi (CCA) CB Amman nmrruton*
        395 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 793 24 I TouwcajmMZZ] expo/ni C OTHER DS9TMATIONS H vcsa |vor rtfi TOAU«TWALIAtAUBTIULIAABUEXP«Ea« PIONHHLOYDSJUYVBAJr 20H5 Of/11 05/11 21/11 25/11 Ml 24/11 Ml Ml vssa VOY I ETA SWI Sc ——Rf M STD~1 —MB AM PtO NEMLOVD HOUMAN IM 11/11 12/11 21/11 02/12 05/12 <0/12 OVI2 M 2 5T ~~wTTS Ml iITH 2VH
      793 words
    • 524 24 Lin« 4 services represented by ra kWjSfk Members of (he Regislry of |@f Accredited Shippng Agenh, Jjjg U Ci \ii.y Sr>gapore Shippirtg Association CONTAMOS/ CONVOmONAL CARGO ran IUNG/SNttraK/MMin i mngkx VW ETAPKL ETA SIN ETA MALE MiJdSUr MM Wll in I IVII hapm«Mh (MS I (HI 2*ll 2J/II UU MARINE
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  • Page 25 Advertisements
    • 1275 25 TO EUROPE FROM EUROPE ypsa Ivor an ar «tm am ham wv sou uh ilvßsa MM PftfOKMANa 013W07/11 23/11 25/11 21/1121/11 HTUCWPOKIUi *****1/10 20/10 23/10 JJ/10 00/11 HYUNDAI GONIAL 347W10/11 21/11 30/11 02/12 24/11 ■n WWGBIT 041 i/1 Aft AUK U4W 13/11 03/12 05/12 01/12 W W 115 u/ii t/1i
      1,275 words
    • 2192 25 MONTHLY CONTAINIttSII SERVICE TO SOUTH PACIFIC ISLAND Of aßMMansasMww: ioioonison to #12-00 saus/mgs th:Mnms//4i mi tmsni/M I SUVA LAUTOKA (FIJI) COSTAR SHIPPING PTE ITU wwokhim outwmdb/u mimw mjisjis/;$ I m-nmmm mgmmm ggg omsi.o/w PAPEETE (TAHITI) mors omcL cMvomoMi mnsim *****201 I COCTM ACfIKKS W) SON IMP TE: 17-*****44 fAI: 17-ISMI7O
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  • Page 26 Advertisements
    • 838 26 KSI nBR mi AO EHOUIRWI/BOOKINOS: ******44 FAX: *****493 E-MAIL: MHHMMM UCL IflMw DOCOMEMTATIOWS/OP€ RATIO MS: *****637 FAX: *****177 •MMMRMKimHI jPUSS COWW SWrtQ TO WW/OCT OMCA nssa |»ot m |«iuwww uui«uiPOwm woi»t uwpmu.u«>iA« nMA lom .Twaii cotowou jxxmla jail] UteUcJwdi 'oQ4W 13/1) 24/11 ?1/1? «/l? H/l? 13/17 11/1? urrm 13/11 Ql/1?
      838 words
    • 1553 26 WAN HAI NVRNAHONAL PR LID OMEMMStitiw/i illiii TIL ******11 (14IMS) FAL*****143 \w\WAN HAI LINES ssasfisssusss. jOMM.#7)»imiHUL«7tMI»»:i SUO M. Wl| OTM7S HUL 8311 32*2714/CTIIM l na:|Bl)aMt«Ml:tßl)S»47Hm«:ntM/7UW MI7WI www.w—— l c >a fitiMiHiimwxmw/twww kuoimkm Bcwrwi mi m i« w r. nonann mv w,ii aw ~m~ ttttttt-w ~m —m~ —7T7n— ~m~ ~m MWOB
      1,553 words
    • 499 26 BSA ik MYANMA ■H FIVE STAR UNE (Mvmmt NotioMl Um) Loodiag for Y«*f*a VISSII VOT SM PU PEN reu PAGAN 321 Wf SU HPA-AN 307W SU IN BAIATSUL IOUSTEAO SHIPPING AGCMCUS KUL 03-*****300 PKL 03-317*6101 PfN: 04-2****** Ml ACCEPTIiB COiVEWTIOWAI C6O VESS& VOT HKG SM PGU Ptl (IK KSIPESUOOKS 5
      499 words

  • Page 27 Advertisements
    • 1274 27 IRISL, Qih-i [fexFgf&SO fk&J 1 fin) Qih® ItitidM-) BeigQ? (sK^^pOS (§SXf<*)fS Qlhlfl&ygjlh IbSUi] {fax? ih) foritiiilsl pittite 3m (sJ3 w-*]!] siiS frs) @JJ§o ft® J*li& {fa&Qmi) iframft) itfmy 0 AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INOONESIA SINOSE MARITIME PTE LTD BOOSTEAD SHIPPING AGENCES SON. BHD. PT S«OSE CONTI
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    • 690 27 i isn k UK CONTINENT SERVICE Loading for GOKCAN RTM/ATW/BMN/UK/NAN KALMA RTM/ATW/BMN/UK/NAN Loads Srtgapore. E7W. Mataysa. Indoneaa MIDDLE-EAST SERVICE Loading for DORIAN STAR DBl/ABU/DOH/BRN/DMM/KWT J FRIEND D6I/ABU/DOH/BRN/DMM/KWT RAVENA DBl/ABU/DOH/BRN/DMM/KWT J SAFE ADN/HDD/JDH "Loads Singapore. E7W Matayaa Indoneaa USA SERVICE Loading for SEABEE CAM/NFK/SAV/NOL "Loads E7W Malaysia. Indonesia F.E./S.E.A. SERVICES Spore
      690 words
    • 1191 27 JBSB m m M Jtesa vor ai HU»m 1043W 23/10 >4/10 _It£MU £1421 23/10 25/10 pacoahpa iomw 25/10 n/10 titMUTi 7 mi 74/10 am PACOAMPA IMSN 27/10 27/10 tMI tlflM M/ 10 01/11 PACOAWPA loan M/ 10 21/10 AUMiATA? m 02/11 04/11 pacoamda 1047W 79/10 w/io ■I^HMTrnVnrTTTrVTT^H^^M P*c 4AWP* 106iW
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  • Page 28 Advertisements
    • 584 28 TIGER SHARK 132 M 1117/11 11-20/11 25-24/11 I neasrr 133* 15-14/11 2172/11 2130/11 I D6BSEA 134N 11-lf/ll 25-27/11 02-03/12 I tiger midge hsn 2223/11 2021/11 04-07/1? I IVBSI^^^VOTSM "BBS iTi iTTI7n iHoTH SWii I JIALSAM 144 15-15/11 21 23/11 07-07/17 I IttflSflin 077 77 27/11 27 71/11 01-01/17 I 437^7rWjl^»Wl^lWl/l^J
      584 words
    • 1021 28 FREIGHT LINKS EXPRESS PTBtLTD* 51 Penjuru Road, 3 Level, IT i Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 i rWf E-mail: flesin@sinqnet.com.sq LCL SERVICE TO JAPAN/INDONESIA/PHILIPPINES OSAKA KOBE CEBU JAKARTA YOKOHAMA NAGOYA SURABAYA "MANILA SHANGHAI uso Booking 6267# 5565/4694/553 5/5580/5 541 /5508/5569/5560/5 563/5 514 PROJECT HEAVYLIFT CARGO
      1,021 words
    • 1276 28 RTf rlJ£_ LlliICO "a* ra:*ai-mj fijuniun MJM Bi w CUSTOMS SarVKL TH; 4221-5594 KX:*W7-«U0 m*%m smctfott tone JooswrmiGfTtin) hwt bwttyouMMLH RfMUR CMTAMBISI» SUMS 10 aiUYSIAr SHMi, MYANMA! AM VICTNJUi Imm nr n* na xca mtn nr row mm mm wr ma ma nssti wv rata iummmss ipso 00/n ii/ii dswn
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    • 210 28 ~mWSSMM MEAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI nssa vor*a mawcvoti nivMai I OTTHS 10.11.2003 10.11.1003 l(faj«r4aiwe I 01 WW WIIWO3 <*12.3)03 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood *17-07/06 Ap*x Tuw, Singapore *****5 T«l«phano: 6270 0977 FacttmiW: 6275 2309 X|| T«lox: KS ***** SCAPAC DIRECT
      210 words



  • Page 31 Miscellaneous
    • 114 31 REGIONAL WEATHER J Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Fu circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots ■x Hazy -One solid triangle represents 50
      114 words