The Business Times, 10 February 2004

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Total Pages: 26
1 26 The Business Times
  • 17 1 THE BUSINESS TIMES MITA (P) 024/03/2003 Internet: hi T p:/"jusiness-times.asial .com.sg SINGAPORE TUESDAY, FEBRUARY 10, 2004 850
    17 words
  • 779 1 Resistance seen to be strongest from South Korea and Japan Reuters [BEIJING] The Group of Seven's quest to unshackle Asia's currencies ran into trouble yesterday when China said it was studying reforms, but not because of the G-7, and
    Reuters; AFP  -  779 words
  • 918 1  -  Exiting company may be best in face of tough retail climate, say some By Kenneth Lim [SINGAPORE] In the biggest corporate upset since the Robinson asset sale was called off, minority shareholders of CK Tang yesterday spurned the retailer's privatisation
    918 words
  • 550 1  -  High fees deter group from expanding here By Donald Urquhart [SINGAPORE] Against a backdrop of growing competition among the region's service hubs, global logistics giant DHL said yesterday that high ground-han-dling costs at Changi Airport are an obstacle to its expansion in
    550 words
  • 76 1 sn 1,888.20 (+33.79) ST INDEX FUTURES 1,900.00 (+47.00) mm simsci U 230.88 (+5.57) SIMSCI FUTURES 231.60 (+6.00) Monday Change KLSF. COMP 817.79 +2,17 NIKKEI 225 10,***** 58,11 HANG SENG 11,576.68 +267.08 SET INDEX ***** 4M JAKARTACOMP __***** +8.13 MANILA COMP 1,478.15 16.82 TAIPEI WPI .6,4(3.09 +109.74 ■RUMP 864.77 +14.54
    76 words
  • 76 1 FOREX RATES US* S$ I'SS (SS per I'SS) 1.685 £(l T S$/SS per S) 1.858 3.129 El"RO(l'S$/SS/E). 1.273 2.145 YEN 105.6 6170 RM 3.800 ...2.256 HKS 7.770 4.612 BAHT 39.02 23.16 Rl.'PIAH 8,431 5,005 RENMINBI 8.299 4.926 INDIAN Rl'PEE 45.26 26.87 AS 1.289 0.765 NZS 1.438 0.854 PRIME RATES
    76 words
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  • NEXT page
    • ON THE grapevine
      • 132 2 THE Chinese economy is often referred to as a dragon that is waking up. What about up-and-coming India? Do you call it an elephant, an animal often associated with India? But the pachyderm has certain connotations such as being slow and lumbering, which is certainly not the case
        132 words
      • 148 2 AT the Sunday launch of the NTUC Club's MyGolfKaki, a golf club without real estate, union chief Lim Boon Heng explained why $160 a year is an affordable membership fee at the club. "Let me put it this way. It is less expensive to play a few
        148 words
    • 531 2  -  Region will be a force to be reckoned with: Lehman economist By Anna Teo [SINGAPORE] Asian currencies will appreciate significantly this year as the region, with stronger domestic economies, reasserts itself as a key "global growth pole" in its own right, Lehman Brothers said
      531 words
    • 534 2  -  624 enterprises were formed here last year By Chuang Peck Ming [SINGAPORE] The Economic Development Board, successful at wooing multinational corporations, also seems to be making good use of its charm on foreign business startups. The number of new foreign high-tech-nology firms
      534 words
    • 471 2  -  But in dramatic turn of events, former MD of Perwaja Steel is hospitalised From Eddie Toh in Kuala Lumpur A PROMINENT Malaysian businessman Eric Chia of scandal-ridden Perwaja Steel has been hauled up by the graft buster in what is seen as the first
      NSTP FILE PHOTO  -  471 words
    • 612 2  - Deloitte Touche S'pore plans to double headcount to 2,200 Move will lift firm from bottom to top rang among Big 4 By Siow Li Sen [SINGAPORE] Deloitte Touche Singapore yesterday announced ambitious plans to double its current headcount in the next few years to 2,200. The move, aimed at tapping
      612 words
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  • Page 3 Advertisements
    • 321 3 The highest Singapore Dollar Time Deposit rate in town. O C&; k jfL i 19 If Enjoy an unbeatable interest rate of 2.6% p.a.* when you place a Singapore Dollar Time Deposit of *****,000 for 3 months. But hurrv. this promotion ends on Wednesday. 18 February 2004. In addition, you
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  • SINGAPORE companies
    • 527 4  -  No bonus hike for policyholders as rise driven by non-bonus segments By Wong Wei Kong AN impressive showing by its Malaysian operations propelled Great Eastern Holdings (GEH) to record earnings in 2003, more than offsetting the slight decline in its Singapore business. But the
      527 words
    • 814 4  -  HOCK lock siew loh hui yin CHINA Aviation Oil's share price has been soaring after it announced last Thursday that it has purchased a stake in a major fuel oil supplier in China. CAO, through a cash and stock combination, paid 441 million renminbi (Ss9o
      Source: Bloomberg  -  814 words
    • COMPANY Briefs
      • 87 5 Bloomberg SHANGRI-LA Asia Ltd is seeking to raise a total US$375 million through debt and share offers, according to documents linked to the sales, as Asia's biggest luxury hotel group seeks to build more hotels in China. It is selling US$25O million of zero-interest bonds
        Bloomberg  -  87 words
      • 91 5 Reuters SEMBCORP Industries, Singapore's fourth-largest conglomerate, is expected to announce a 24 per cent rise in quarterly profit tomorrow, powered by its utilities business and China-fuelled strength in logistics. Analysts expect group earnings to grow further in 2004 as its recently-acquired British utilities operation begins
        Reuters  -  91 words
      • 88 5 SINGAPORE Technologies Engineering said its wholly-owned subsidiary ST Electronics (Shanghai) will form a joint venture in Guangzhou with Pacific City International Holdings and Guangzhou Pacific City International (Group) Co Ltd. The tie-up will help the group develop and grow its businesses in South China.
        88 words
      • 60 5 BELEAGUERED construction firm Seatown Corp said the Singapore Exchange has approved a further extension to Feb 29 for it to release its financial results. The extension was sought due to a delay in obtaining the accounts of Seatown Construction, a subsidiary of Seatown Corp which
        60 words
      • 81 5 NERA Telecommunications said it has inked an agreement with a value of up to $16 million with a global telecom operator for the supply of network equipment. The equipment will be used for building a global IP network and network management system in a number
        81 words
      • 89 5 OUR Feb 7 report "Mid-Continent may seek re-listing" said Mid-Con had a net loss of $132,000 for FY2003 from a net profit of $265,000 the year before, while revenue was $22 million. Strike Engineering, which is in the process of acquiring a 54.35 per cent stake in Mid-Con, has
        89 words
    • 410 5  -  Following a revamp, it expects to return to profitability in '04 By Tang Weng Fai SINGAPORE Computer Systems (SCS) yesterday posted its first full-year net loss of $33 million in five years. But in line with the improving trend seen by
      FILE PHOTO  -  410 words
    • 414 5  -  Broad-based growth in its core market segments By Kenneth Lim NARROWLY beating analysts' expectations, Jurong Technologies Industrial Corp yesterday posted a near-doubling in full-year net profit as turnover crossed the half-billion-dol-lar mark on the back of broad-based growth in its core market segments. Jurong
      414 words
    • 286 5  -  But its earnings remain flat at $15m due to higher taxes By Joyce Koh MAINBOARD-LISTED Agva Corporation yesterday reported a 16.5 per cent increase in turnover to $32.2 million for FY2003, even as earnings remained flat because of higher taxes. Agva, which positions
      286 words
    • 396 8  -  New store concept targets middle class; franchising to lead growth By Chen Huifen MAINBOARD-LISTED PSC Corp yesterday opened a new concept butchery store, marking its first foray into the fresh food market after more than 20 years in the dry foods and
      396 words
    • 232 8  -  By Teh Shi Ning HELPED by a shift in product mix, main-board-listed supply chain management company Mentor Media's turnover soared 76 per cent to $40.9 million a new threemonth record for the third quarter ended Dec 31, 2003. But despite the revenue surge, Q3
      232 words
    • 270 8  -  By Taila Krishnakumar SGX-LISTED plastics injection parts maker Fu Yu Manufacturing reported an impressive 75.8 per cent surge in net profit to $32.8 million for the full year ended Dec 31, 2003. Even more dazzling was the group's earnings in the
      270 words
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    • 101 5 mm m m Imm w M: PHHR 1 the young 11 I IH|ll Ifllllll I 1» laughter a as she her the everyday harmony new Ihß Hybnd Synergy needs to be want to make the world a better place, where families can share the joy of a greener environn^^^^^^^^^^^^^^ I
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  • SINGAPORE markets
    • Article, Illustration
      614 6  -  Compiled by VEN SREENIVASAN Capita Land Feb 9 dosing: $1.71 CAPITALAND'S FYO3 net profit came in at $105.3 million, a decline of 62 per cent y-o-y, on a 17 per cent y-o-y increase in revenue to $3.83 billion. However, excluding provisions and gains, net profit would have come
      Source: Bloomberg  -  614 words
    • 282 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE new offerings hitting the market have whetted the appetite for the shares of companies operating in similar industries. One stock which has started moving is that of China-based water-treatment specialist Sinomem Technology. The counter gained four cents to
      Source: Bloomberg  -  282 words
    • 523 6  -  BT comment STOCKS r. sivanithy THAT the stock market possesses a near-limitless capacity to surprise on the upside was proven yesterday when a large push on Singapore Telecom and the banks enabled the Straits Times Index to vault by 33.79 points to 1,888.2. China
      Source: Bloomberg  -  523 words
    • 642 6  -  BT comment CURRENCIES Lack of G-7 action also lifts NZ$ to fresh multi-year peaks larry wee THE US dollar again came under heavy selling pressure yesterday, hitting fresh'multiyear lows versus the Singapore dollar, Sterling pound and New Zealand dollar after poor
      Source: Reuters  -  642 words
    • TRADES TO WATCH
      • 112 6 ALMOST half a year after becoming chairman of Singapore Telecommunications, Chumpol Nalamlieng bought 100,000 shares of the telco on the open market last Friday at $2.17 apiece. Mr Chumpol did not have Sing Tel shares previously, and the recent purchase is worth less than one
        112 words
      • 61 6 PACIFIC Andes substantial shareholder Value Partners raised its deemed stake in the frozen seafood distributor to 6.01 per cent from 5.62 per cent by buying about 2.1 million shares on the open market for an undisclosed price. Value Partners now controls 32.5 million Pacific
        61 words
      • 96 6  -  Compiled by KENNETH LIM UOB Asset Management, managing discretionary client funds, bought five million shares of aircraft and shelter parts specialist TPA Strategic Holdings on Feb 4. The shares, representing 3.75 per cent of TPA's issued share capital, were bought at 28.19 cents
        96 words
    • Article, Illustration
      411 6 OTHER SINGAPORE INDICES Feb 9 VALUE CLOSE BT OB/OS -118.00 -21.00 BTCAM -*****.00 +109.00 BT 10-day m -*****.00 -12.00 510.47 +10.66 SG Equities Elect 188.65 +3.25 SG Equities Flu 1578.74 +44.52 SC Equities Prop 472.16 +7.86 SlUiSq 230.88 +5.57 SiMSCI Futures 231.60 +6.00 Stock* VoImw UnitedTAC US15c 210,223,000 PacificCenturylOc 60,609,000
      411 words

  • SMALL Caps
    • 1042 7  -  A surge in new orders will have a big impact on the bottom lines of Federal, Tiong Woon and Rotary Engg. VEN SREENIVASAN reports VEN SREENIVASAN THE shares of engineering specialist Federal International, haulage and transportation company Tiong Woon and engineering design specialist Rotary Engineering
      FILE PHOTO; Source: Bloomberg  -  1,042 words
    • 426 7  -  By Teh Hooi Ling THE sudden revival of interest in the market, particularly among the small capitalisation stocks, provided a solid boost for the performance of our small cap portfolio. The portfolio value surged by 4.9 per cent, before any rebalancing was done. It
      426 words
  • Page 7 Advertisements
    • 142 7 THERE'S A REASON WHY LEXUS IS THE BESfSELLING LUXURY CAR IN THE U.S. FOR THE FOURTH CONSECUTIVE YEAR. More than bhp, it's also about staying power. More than power, it takes continuous refinement for an automobile leader to stay unchallenged at the top. And, while our planet's history boasts a
      142 words

  • Page 8 Advertisements
    • 169 8 Patents are a hidden wealth of information to evaluate and exploit the intangible assets of your company and the best tool to identify potential markets, monitor competitors and find partners or investors. Come and learn from the best international experts how patent information can boost your business. Europe Asia Patent
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    • 148 8 'n fdsiMvy aoo4 Present your innermost thoughts on a PHOENIX GARDEN CAEE platter to your beloved by personally crafting I INTERNATIONAL BUFfIT DINNER your ve messa 9 e on a P ra,a P izza uuiiu i n, with our special ingredients. Ann it c ,o 'Surprise your sweetheart with a
      148 words

  • SINGAPORE news
    • 342 9  -  EYE ON THE ECONOMY Index surges over 3-fold led by private sector demand across segments By Chen Huifen DRIVEN by demand from the private sector, the job market for executives soared to a 15-month high last month, according to EL Consult Singapore. The
      Source: EL Consult Singapore  -  342 words
    • 421 9 THE specialty chemicals industry in South-east Asia may face a growing threat from China's low costs and price competitiveness, and American and European firms are likely to bypass this region to invest directly in China. This was the warning from the head of
      421 words
    • 427 9  -  Panel reiterates need for stringent internal controls By Chuang Peck Ming THE Public Accounts Committee has again highlighted several lapses of ministries and statutory boards in managing their finances lapses that would have cost the government over $9 million in losses. The slip-ups are
      427 words
    • 233 9 GIVAUDAN, one of the biggest creators and suppliers of fragrances and flavours in the world, opened a $20 million research and development (R&D) facility in Singapore yesterday as part of its expansion plans. The facility is the company's largest in the Asia Pacific and will
      233 words
    • 267 9 THE Asean region must position itself as an integral part of the Asian trading network to take advantage of the economic growth of the two Asian giants, China and India, in the coming years, according to Vivian Balakrishnan, Minister of State for Trade
      267 words
  • Page 9 Advertisements
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      222 words

  • FOCUS property
    • 497 10  -  Developers, uncertain where the market is heading, decided not to launch any bulk residential developments for sale over the weekend, says Vince Chong Vince Chong IT'S about mid-way through the first quarter and Chinese New Year has passed. Yet, developers are still unsure of where
      497 words
  • 3737 10 UNIT TRUSTS FUNDS Commanbank Awat Mat Com Global Finance Index Fd 0.971/ iMi im Com Global Lifestyle Inde Fd 0.978/ *y r r *y! (r > 0f Com Global Health Index Fd 0.908/ 9-S1 Com Global Telecom index Fd 0.505/ bSt ra Com Globil lnfotK I"** Ml" 0.37V X22ftill£7" niiS
    3,737 words
  • Page 10 Advertisements
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  • REGIONAL news
    • 298 11 BANGKOK Bloomberg THAILAND'S stock exchange will warn brokerages about the advice handed out by their employees in a bid to prevent too much speculative selling, ex- change chairman Vijit Su)pinit said. The advice to investors "to cut their losses" in stock investments
      Bloomberg  -  298 words
    • NOTE Book
      • 107 11 Reuters [HONG KONG] Ross Systems, the business software maker being acquired by chinadotcom Corp, aims to move about half of its design jobs to China after the merger, the company's chairman said yesterday. After the US$69 million deal's expected close in the first
        Reuters  -  107 words
      • 88 11 Bloomberg [KUALA LUMPUR] Genting Bhd chairman and chief executive Lim Kok Thay bought a 7.3 per cent stake in unprofitable Olympia Industries Bhd, which owns a lottery licence in the East Malaysian state of Sabah. Mr Lim held 37 million Olympia shares as at
        Bloomberg  -  88 words
      • 91 11 AFP [KUALA LUMPUR] Malaysia has arrested 120 Indonesian timber traders over the past year in a crackdown on the illegal logging trade, the Primary Industries Ministry said on Sunday. Despite a ban on exports of logs, Indonesian traders continued to bring logs and square
        AFP  -  91 words
      • 82 11 Reuters [SHANGHAI] China's top securities regulator stepped up calls for improved disclosure and performance from the country's listed firms, official newspapers said yesterday, reaffirming the government's resolve to clean up capital markets. A speech by China Securities Regulatory Commission chairman Shang Fulin echoed a pledge last
        Reuters  -  82 words
      • 72 11 Reuters [BEIJING] China is lifting its ban on foreign investment in television as part of reforms intended to revitalise the country's sprawling state-dominated media industry, the Financial Times reported yesterday. Under the new policy, "strong and influential" foreign companies would be able to
        Reuters  -  72 words
    • 549 11 HONG KONG Analysts upbeat as airlines in China, HK, Thailand, S'pore make gains Bloomberg AFP ASIAN airline shares, including those of China Southern Airlines Co, the nation's largest carrier, and China Eastern Airlines Corp, jumped as concerns about the spread of bird
      Bloomberg; AFP; AP  -  549 words
    • 489 11 KUALA LUMPUR Growth is fastest in 3 years as factories ramp up to meet demand Bloomberg MALAYSIA'S industrial production expanded at its fastest pace in three years in December as manufacturers made more computer chips, disk drives and other goods to meet
      Bloomberg  -  489 words
    • 174 11 TOKYO Bloomberg US Trade Representative Robert Zoellick will visit Asian countries starting tomorrow to try and help revive world trade negotiations, his office said in a release on its website. Mr Zoellick will first hold talks in Tokyo and then travel to
      Bloomberg  -  174 words
    • 361 11  -  From Diana Oon Abdullah in Kuala Lumpur MALAYSIAN corporations are expected to issue more Islamic Debt Securities (IDS) rather than conventional Private Debt Securities (PDS) this year as tax exemption on capital gains on IDS takes effect.
      361 words
  • Page 11 Advertisements
    • 293 11 ggtj THE SINGAPORE SOCIETY OF FINANCIAL ANALYSTS U~\ Calendar of Events: Tefa Mar 2004 sssas Visit www.ssfa.org.sg or www.aimr.org, or contact (65) 6323-6679 for more information. SSFA is a Member Society of the Association for Investment Management Research (AIMR) Luncheon T'aflz: T'ke Link (Between Economic VaCue 'AcCdecf and 'Risk 'Adjusted
      293 words

  • EDITORIAL & opinion
    • 731 12  -  THE bottom line OPINION shada islam WITH only a hundred days to go before the European Union's much-feted May 1 expansion, euphoria over reunification of the once-divided continent is giving way to increased uneasiness over the functioning of a Union of 25 very
      731 words
    • 78 12 'There are so many other countries which are running this racket and they are from the Western world and there are others.' Yashwant Sinha the Indian foreign minister, dismissing the claim that Pakistan is the only country whose scientists have spread nuclear weapon knowledge. 'Intelligence is what
      78 words
    • 581 12 EDITORIAL ANOTHER weighty discussion of the global economy by the rich and powerful has come and gone, with everyone who attended proclaiming great success. And yet they all missed an invaluable opportunity to do the quite obvious —and not terribly contentious. But first, the US dollar's
      581 words
    • 929 12  -  Despite their 'strong dollar' rhetoric, the Bushies seem satisfied with a weak US dollar at least until the presidential elections From Leon Hadar in Washington IT used to be the punchline in an American television commercial in the 1990s promoting
      AFP  -  929 words
    • 423 12  -  COMMENTARY Economic models say so, contrary to opinion polls By Caroline Baum Bloomberg GEORGE W Bush is in trouble. Opinion polls put the US president in a statistical dead heat with Democratic front-runner John Kerry, who won nine of the eleven early state contests (primaries and
      Bloomberg  -  423 words
  • Page 12 Miscellaneous
    • 207 12 CRYPTIC CROSSWORD efit (8) 1 Dopes Hosea first, to to 27 Wfepered remarks when 13 University with lots of out- Aeroaa: 1 Dummy run, 9 0l» the thirteenth arrives (6) m 15 Dull lock of hair found on bed bank, 13 Startled, 15 Rococo, DOWN (8) 16 Sway, 17 Oread,
      207 words

  • REGIONAL news
    • 223 13 BEIJING Bloomberg CHINA plans to bail out small and medium-sized lenders as part of an attempt to attract overseas investment and prepare the industry for stiffer competition from international lenders. The government, which injected US$45 billion into two
      Bloomberg  -  223 words
    • 456 13 Beijing cites improving farmers' income as vital task the country faces AFP [BEIJING] China said yesterday that it will plough a record 150 billion yuan (Ss3l billion) into agricultural development this year, citing improving farmers' income as the most important task facing the
      AFP; REUTERS  -  456 words
    • 277 13 BEIJING Reuters CHINA'S banking watchdog will probe loans to sectors like steel, cement and property, in the latest move to prevent overcapacity that could derail the strong economy, state media said yesterday. Environmental authorities, concerned by worsening pollution, were also drafting
      Reuters  -  277 words
    • 447 13 NEW DELHI Bloomberg INDIA'S economy may grow at its fastest pace in 15 years, boosting the chances Prime Minister Atal Behari Vajpayee's government will win elections this year. Asia's third biggest economy will expand 8.1 per cent in the year to March 31,
      Bloomberg  -  447 words
  • Article, Illustration
    1058 13 Transaction date: Feb 9 PTTERBAlfK CROSS RATES A$ C$ Rmb Euro HK$ tad Rs ttupiah Yen Won P»k »s Peso S$ Hand Sfr KTS Bafct Powid US$ Australia 1.027 6.440 0.609 6.029 35.121 65.420 0.819 9.050 2.949 UK 44.594 43.364 1307 5.412 0.956 25.781 30.278 0.4M 0.776 Canada 0.974
    1,058 words
  • Page 13 Advertisements
    • 519 13 Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MOBILIAN SINGAPORE PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the "Companies Act, Cap. 50 that the Final Meeting of Members of the Company
      519 words
    • 343 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF (1) C 2 WASTE PTE LTD; and (2) AKSON GROUP HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATIONS) At the Extraordinary General Meeting of the Members of I) C 2 Waste Pie Ltd ond 2) Akson Group
      343 words
    • 172 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SNP SIRIVATANA COMPANY PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act Cap. 50, the FINAL MEETING of the abovenamed Company will
      172 words
    • 118 13 In the Matter of the Companies Act, Cap. 50 And In tho Matter of PRINSERTER CORPORATION (SINGAPORE) PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE OF APPOINTMENT OF LIQUIDATOR NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company duly convened and held on the 27th day of January
      118 words
    • 174 13 IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF TRANSTECH VENTURE MANAGEMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50, 1994 Ed), the Final Meeting of
      174 words
    • 412 13 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF EMC VENTURES PTE LTD (In Members' Voluntary Liquidation) NOTICE QF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company will be
      412 words

  • FOCUS currency
    • 733 14 Bat long-term risks substantial as prices of US imports are pushed up NYT [WASHINGTON] US Treasury Secretary John Snow has tacitly but unmistakably abandoned Washington's longstanding support for a strong dollar in favour of a weak dollar that is
      NYT; Source: Bloomberg/Ph  -  733 words
    • 720 14 NEWS analysis The grouping needs China if it wants to continue running the world economy: experts Reuters THE Group of Seven is looking more and more like a doughnut: without fast-growing China in its ranks, there is a gaping hole
      Reuters  -  720 words
  • Page 14 Advertisements
    • 1753 14 K DATACRAFT DATACRAFT ASIA LTD (Incorporated in the Republic of Singapore) NOTICE OF TENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of Datacraft Asia Ltd will be held at The Regent Singapore, 1 Cuscaden Road, Singapore *****5 on Thursday, February 26, 2004 at 10.00
      1,753 words

  • WORLD news
    • 515 15 NEW YORK Newcomers to GMI's top list include GE, Intel, Target and 3M Reuters TWENTY-TWO companies around the world earned a perfect 10 in the latest governance ratings of 2,121 companies by Governancemetrics International $MI). Jt» As a group, their total return beat the
      Reuters  -  515 words
    • WORLD Watch
      • 80 15 Reuters [WASHINGTON] Inventories at US wholesalers posted their largest rise in a year in December, the Commerce Department said yesterday, indicating that US businesses were gearing up for strong growth ahead. It said wholesale stocks of goods rose 0.6 per cent, versus a gain
        Reuters  -  80 words
      • 66 15 Reuters [LONDON] Mobile phone giant Vodafone Group pic stoked fresh speculation yesterday that it was poised to launch a knockout US$3O billion-plus bid for US rival AT&T Wireless by reiterating it was considering a takeover. In a statement to the London Stock Exchange, Vodafone said
        Reuters  -  66 words
      • 76 15 Reuters [NEW YORK] Software provider People Soft Inc yesterday advised its shareholders to reject a sweetened US$9.4 billion takeover offer from rival Oracle Corp, setting the stage for a contentious board battle at People Soft's shareholders' meeting next month. People Soft said its board
        Reuters  -  76 words
      • 84 15 Reuters [WASHINGTON] Democratic presidential front-runner John Kerry owns a 24-point lead on rival John Edwards on the eve of the Tennessee primary, putting him on course for another runaway victory today. According to a Reuters/MSNBC/Zogby poll released yesterday, Mr Kerry, who has rolled to
        Reuters  -  84 words
    • 430 15 WASHINGTON LAT-WP Reuters POWERFUL US agricultural interests won a big victory on Sunday when the US and Australia agreed to a watered-down trade accord that promises to boost US exports but limits greater access for imports of Australian sugar, beef and dairy products. The
      LAT-WP; Reuters; AFP  -  430 words
    • 538 15 WASHINGTON Realisation could help re-election prospects for Bush Reuters AP THE US economy should shed its jobless label this year with the creation of about 2.6 million new positions, the White House forecast yesterday. If realised, the jobs turnaround could help President
      Reuters; AP  -  538 words
    • 415 17 SEOUL Reuters KOOKMIN Bank, South Korea's top lender, reported a bigger-than-expected quarterly loss yesterday, hit by increasing provisions to pay for losses at LG Card Co and its own credit card operation. Kookmin, along with smaller rivals Shinhan Financial Group and Woori Financial
      Reuters; REUTERS  -  415 words
    • 511 17 TOKYO Formed from failure of LTCB, it is first Japanese bank to be nationalised Reuters Bloomberg SHINSEI Bank, the first Japanese bank owned by foreign investors, said yesterday it would raise up to U552.36 billion in Japan's biggest initial public
      Reuters; Bloomberg  -  511 words
  • 1602 15 SICOM FUTURES Feb 9 RUBBER Futures (Closing prices) RSS 1 (Scents/kg) Close Volume Open Month High Low Soft (tonnes) Interest Mar 04 213.00 Apr 04 215.50 May 04 216.50 Jun 04 217.25 Jul/Sep 04 218.50 Oct/Dec 04 220.25 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
    1,602 words

  • 4962 16 Transaction date: Feb 9 HONGKONG vol HK Exchanges a Clearing. 20.15 0 50 6702 HK$ *1- "000 HKR Int'l 3.33 0.03 8284 H K and China Gas 12.85 0.20 6183 AeonCredit 6.05 -0 15 724 Hong Kong Electric 31.90 0.20 3361 Aeon Stores 5 90 0.05 550 Hongkong
    4,962 words
  • 2490 16 Transaction date:Feb 9 KUALA LUMPUR GanadCorp 1.56 unch 0 Vo l General Corp 0.53 -0.01 168 ■u jj. cooo) General Soil 1.26 unch 0 Genting 16.70 0.10 1028 ASM Realty 1.71 -0 04 56 George Kent 1.13 -001 54 Abric0.92 unch 0 Globetronics Tech 6.75 -0.05 340 ACP lndkistrieZZZ!"Z-390
    2,490 words
  • 814 16 Transaction date: Feb 9 Sfc> m Ow O—t SOdi—w WW dw On I AHgrcenSOc 0.39 1.150 NatSteel 50c 0 36 2.170 CapitaLand 1-20 1.710 ->0.020 OCBC 8.44 12.700 *0400 Chart SerwCond 26c 145 1.810 +0070 OUE 0.43 6.850 -0.050 City Dev 50c 225 6 800 +0.200 Parkway H 25c
    814 words
  • 674 16 BONDS WARRANTS LEGEND Sesdaq stocks; Currency type indicated at end of warrant name for those traded in foreign currency. Exercise prices are quoted in fame currency as trading prices of respective main shares. c Convertible loan stocks, bonds and notes. u Unconvertible loan stocks, bonds and notes. Pm Expiry Tel
    674 words
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  • 6765 17 Transaction date: Feb 9 52-WV Td Last Vol Day Last Quote GrOiv Mv GrVW Net MCas _H jjh. Low Code Cgm Sato (*000) High low Buy S Cut WE Sai 69.5 39.5 5834 A Sonic 54 +5 5387 54 49 5 54 54.5 18.7 152 4 8 5300
    6,765 words
  • 63 17 W If* VI On latQOTto erf* ON GrTW M HCa 1— cat W- fWB imm h|» c» m >a mo AW MM DtOTondk UUOtO 2I2D ***** •OR ISOIlKTwti UVI740 w ttHsospoM urns not M&iooZ uam as WO 61* iPOHS UWttO ***** »ws im on vnmiao t«7« *n 6
    63 words
  • 1862 17 INI D* IMOHtl WO* 0*. CrVW MM MCa I— C—t Ci I SM» w- rw l» mmrn i+M Cm w vS a 25 VXD A»Htoq»9t, 18 «v«ch 32 I* 17 17 5 1* MJ >« £<" *f° 'J! 33 35 35.5 21 NU J 15* 374 *5 10
    1,862 words
  • 326 17 U* M LaR M Day LWQ-rt. CrOto oh 6r1W Mm MCa U» C<4> CMPH fate W- rww I8» Ltm tmym Cw W >■ 181 K MOD AVdmngsWV. AUO 1 40 181 180 180 182 40 M 18 68 *7* 6001 CMha)*K20c MK720 HMi WW Owing KongSOt HK1780 240
    326 words

  • FOCUS enterprise
    • 909 18  -  IPS Group chairman Daniel Chan tells ANDREA TAN how his company weathered repeated storms to be the success it is today ANDREA TAN Uinpi O be successful, W I 1 you must eat, live, I sleep, breathe I your product," says Daniel Chan, I
      CHRIS LOH  -  909 words
  • Page 18 Advertisements
    • 408 18 Implementing Wage Reform... The most challenging issue in implementing wage reforms is to nurture and enhance a harmonious, trusting and mature working environment. "...they handled work relationships very well. We are most satisfied..." Mr Wong Kiong, Managing Director, Wong Hing Long Technologies Pte Ltd "...able to spot latent relationship issues
      408 words
    • 34 18 A page dedicated to persona! finance and investment for executives and businessmen. We cover issues concerning insurance, unit trusts, wealth management CO I and other personal finance matters 4 EXECUTIVE i THE BUSINESS TIMES
      34 words
    • 133 18 1 MERITUS MANDARIN SINGAPORE T \> <#**%> JntAt VHmA, lor Jjtfvc... v V" Relish the romance in the air as I our Executive Chef Joachim Textor v %> I v Executive Chinese Chef y Edmund Lui whip up a V smorgasbord of enticing cuisine ,1 to ablaze your love. «Top
      133 words

  • SHIPPING TIMES
    • 618 19  -  New proposal aims to prevent transfer of invasive aquatic species By Donald Urquhart [SINGAPORE] A new international convention aimed halting the devastating «iyead of aquatic organisms "alien invaders" ships' ballast water is set to be adopted by the International Maritime Or(IMO). IMO members
      FILE PHOTO  -  618 words
    • 290 19 SGX '000 Feb 9 Si Vol CM Offshore 0.37 0.02 8683 Chuan Hup 0.50 unch 6498 Cosco Investment 0.93 0.04 ***** CWT Distribution 0.56 0.01 53 Ezra Hldgs 1.21 -0.02 472 Freight Links 0.13 0.01 1648 GB Holdings 0.71 0.01 29 Java Holdings 0.91 -0.02 4166 K1 Venture
      290 words
    • 203 19 Anderimar Shipping News [LONDON] Sweeping changes in competition law across Norway and the EU could have serious consequences for shipowners and shipbrokers alike, warns Oslo-based-law firm Wikborg Rein. Developments in competition law mean both a stricter regime and harsher penalties, says Wikborg Rein
      Anderimar Shipping News  -  203 words
    • 130 19 Bloomberg [HONG KONG] Modern Terminals Ltd, Hong Kong's second-largest port operator, expects to handle between 2 per cent and 3 per cent more containers in Hong Kong this year, managing director Erik Bogh Christensen said. Hong Kong, the world's busiest container port, is losing market
      Bloomberg  -  130 words
    • 454 19 It is to be broken up at ship-breaking centre, Gaddani Reuters [KARACHI] An operation to remove the wreck of a Greek oil tanker that ran aground outside Karachi's main port more than six months ago causing Pakistan's worst-ever oil spill will start
      Reuters; AFP  -  454 words
    • AVIATION news
      • 777 20 NEWS analysis Carrier needs to think outside the box in order to survive in competitive environment AP [WASHINGTON] THE future of US Airways like that of all the other old-line carriers is very much up in the air. In today's competitive environment, none of
        AP  -  777 words
      • 318 20 Bloomberg [MUNICH) Fraport AG, the owner of Frankfurt Airport, and Deutsche Lufthansa AG, its biggest customer, would face 650 million euros (Ssl.4 billion) in costs should a German government safety report prompt a one-year delay in building a new runway, Fraport chief
        Bloomberg  -  318 words
    • 112 20 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 CWTGIobelink ...4 1 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A 3 Indotrans
      112 words
    • 5898 24 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Nam* Mm Number Number To DURBAN (DUR) 2118 South Africa TO ABIDJAN (ABJ) 2003 Cot* D'lvoire 19/02 10/03 Delmas DELMAS CARTIER 001W 65-*****344 20/02 24/03 CMA
      5,898 words
    • SHIPS IN PORT
      • 568 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER118 E4040 J3 A/SIDE 10/02 0230 BRIGHTSTAR 1 17 J22 A/SIDE 10/02 1800 HOZAN MARU C***** J6 A/SIDE 10/02 1800 1VORY ACE 91 J16/17 A/SIDE 10/02 0700 QINGJIANG 143 J7 A/SIDE 10/02 2359 STOLT LILY ANZ 79 J12 A/SIDE
        568 words
      • 1654 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr A P IMPELLER 0403 0403 1 11/02/2004-05:00 11/02/2004-20:30 K12 ACX PAHUA 072N 072N 1 10/02/2004-0800 10X12/2004-2000 TD3 ACX RAFFLES 087$ 087S 1 10X12/2004-0800 10/02/2004-20:00 B04 ANDA 4035 4035 1 10/02/2004-23:59
        1,654 words
      • 152 25 Feb 11 Japan: Nat Foundation Day. Feb 16 US: Washington Day. Thailand: Makha Bucha Day. US: Washington's Birthday. Feb 22 Brunei: Islamic New Year. Indonesia: Islamic New Year. Malaysia: Islamic New Year. Feb 23 Brunei: National Day. Mar 1 South Korea: Independ Day. Mar 21 Japan: Vernal Equinox
        152 words
      • 816 25 THIS report, compiled by Cockett Ma rine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        816 words
      • 537 25 Carbon Frt 5 Density Water Buldut AshAlumlnlum Sediment %M/M Cum >C/M'3 V/V H M/M M/M mi mtthod ISO/Cimac Limits Spec E25 991 1.0 15.0 0.10 80 0.10 Spti G35 991 1.0 16.0 0.15 80 0.10 Northern Europe 180 Ave 980.2 0.1 12.0 0.04 17 0.02 180
        537 words
    • AIR & LAND transport
      • 252 26 AP [PARIS] Pilots of an airliner that plunged into the sea off Egypt, killing 148 people, only realised in the last few seconds that the situation was critical, a French investigator said in a newspaper interview. Paul-Louis Arslanian, director of France's Bureau
        AP  -  252 words
      • 438 26 It will fly to two more Chinese cities and sees 20% jump in traffic this year Bloomberg [BANGKOK] Bangkok Airways, Thailand's second biggest airline, said it ordered two Airbus SAS A 320 aircraft to be delivered this year as the carrier expands its
        Bloomberg; FILE PHOTO; AFP  -  438 words
      • 86 26 Bloomberg [LONDON] British Airways, Europe's largest airline, said fiscal third-quar-ter profit rose more than sixfold after a recovering US economy fuelled a recovery in trans-Atlantic business travel and the carrier reduced employee costs. Net income in the three months ended Dec 31 increased to £83 million
        Bloomberg  -  86 words
      • 237 26 Bloomberg [ROME] Alitalia, Italy's biggest airline, cancelled 159 flights yesterday, about a quarter of its daily average, because of a 24-hour strike by pilots protesting against the company's cost-cutting plan. The strike will disrupt travel plans for as many as 8,600 passengers,
        Bloomberg; AFP  -  237 words
      • 216 26 AP [NEW YORK] An American Airlines pilot asked Christians on his flight to identify themselves and suggested the non-Christians discuss the faith with them, the airline said. The case was handed over to the airline's personnel department for an investigation, spokesman Tim Wagner
        AP  -  216 words
      • 2094 26 an FLIGHT ETA FLIGHT ETC EM30 1940 MttaMt LH9770 2245 FrMkfwt AC9951 0655 LH9765 1425 S0229 2245 LH9762 0655 S0326 M25 BA7382 2250 S025 0655 8A7305 2300 OfK 2250 LH778 1650 0F5 2300 AiMtwdM* S023 0630 S***** 2150 *****78 1650 AC9950 2350 KL837 1535 KLB38 2330
        2,094 words
  • Page 19 Advertisements
    • 12 19 h^h^^kv r :'^MgßSHj|^Bggl m Mla 'Alitalia cancels 1 CO fliirMc JL99HIKIIIS ■aaokPag*
      12 words
    • 108 19 Br m*** Mtl v .J ■fc. -^j^B #8 if" »*--*>4#ii'* -^tti ■r jdiljr JhH Bf *-Er H^jy« RIPIY SUP Fax No (65) 6588 3735 Visit APM 2004 and meet more than JA f lam interested in: (Please tick below) 400 maritime luminaries trom 33 countries! f Conference Visiting Further details
      108 words

  • Page 20 Advertisements
    • 633 20 I IMPORT I NORTH AMERICA |[~|f AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (BSX) Vissa I VOY I tG» I sin rn [Australia asia express (aax) LOS ANGfLIS EXPRESS 02W04 28/01 15/02 17/02 VISStL YOY INI SYD Mil AW ERE SI PKG PtO NEDUOYD SOUTHAMPTON 39W05 04/02 22/02 24/02 ANIEMHEM 02N
      633 words
    • 523 20 Un#s services represented by ls£S& Members of the Registry of Members of the llsjlj Accredited Shipping Aginh. s°tf. y Singapore Shipping Association Association SUIT UNE MALE! VOY ETA ETA ETA P. KIAHG SPOKE MALE Koto Teguh |XTGII7| 17/02 27/02 Koto Tegop TGAOS7 23/02 04/03 > Princsss Lily 0203 02/03 04/03
      523 words

  • Page 21 Advertisements
    • 783 21 MOl Combines '7" a range of shipping modes to ensure timely, reliable services covering major j) ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also acccpt Intro-Asia Cargoes to; BUSAN KWANGYANG SHANGHAI YAMTIAN XIAMEN QMGDAO KLAWAN JAKARTA SURABAYA KAOHSUHG lAMOKOK lA£M CHAIAMO HOOjWjW PASK 6UPANG PWANG PORT fcHAHGI For
      783 words
    • 1057 21 GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RO #12-00 SALES/ BKGS TEL: *****857/43 FAX: *****321/24 COSTAR SHIPPING PTE LTD SINGAPORE *****8 OUTWARD (B/L) *****802 *****325/75 CRNO **********0 M TEL: *****900 (MAIN) INWARD(D/0) *****786 **********9 T/SHIP DEP *****825 *****316/46 JOHOR'S OFFICE: CONVENTIONAL *****850 *****208 COSTAR AGENCIES (H) SDN BHD TEL 07-353 8166
      1,057 words
    • 599 21 Hm WCTpQU HCM JjjtGl_JYH PS|S_ VBSEI VOY PKG PAC AQUILA 402N 10/2 llftljSL-j: fgDLßffig MA JIZZMI SAQJWI 403N I 19/2 I OMIT 21/2 z_ NEW DYNAMIC 054 A 19/2 21/2 HOLNIS 1017N I 24/2 I 25/2 I 27/2 I PEKTH BRIDGE 048 A I 26/2 I 28/2 *VSI colng botti
      599 words

  • Page 22 Advertisements
    • 1270 22 p, WX WAN HAI LINES X Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: Ik tiji NHAVA SHEVA CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY Y For more details, call HOTLINE: 6226 1588 1800-*****00 _L a/ liir\ OTO A Kin NORTRANS SHIPPING AGENCIES 7v
      1,270 words
    • 517 22 MYANMA FIVE STAR UNE (Mramr Notional Lino) Loading lor Yangon VESSEL VOY SIN PKI PIN PGU HPA-AN 317W SID PAGAN 327W SU> IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL- 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIOIIAL CGO VESSEL VOY HKG SIN PGU PKL KUC PRINCESS 53 SID SID SID MARINE STAR
      517 words

  • Page 23 Advertisements
    • 1399 23 IVESSEI VOY KHH HKG SIN PKI DXB SAB IDMM jIK SEA NAVIGATOR PCLBO2I SKIP SKIP 11/02 12/02 20/02 21/02 26/02 28/02 CAPE FRIO PCLBO22 SKIP SKIP 17/02 18/02 26/02 27/02 03/03 05/03 IRAN SATTARI PCLBO23 SKIP SKIP 25/02 26/02 06/03 07/03 12/03 14/03 SEA NAVIGATOR PCLBO24 SKIP SKIP 29/02 01/03
      1,399 words
    • 683 23 i I UK CONTINENT SERVICE Loading for GREVENO RTM/ATW/BMN/UK/NAN Loads Singapore, E7W Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J SAFE DBI/ABU/DOH/BRN/DMM/KWT TINAII DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, EVW Malaysia, Indonesia USA SERVICE Loading for MALLIKA NAREE VCW/LAX/MZL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading for RAINBOW JOY INC/BSN 'Loads E.
      683 words
    • 768 23 -VfSSB m Si POM VESSEL XQX SW JKT mitm um mi Mimi am M/ 02 10/02 BANOA LI4ON 09/02 09/02 _EA£JULII UM U/M PACIAMDA 1141N 10/02 10/0? MMIUW 7 M IS/M 17/ M PACIANOA 1142N n/02 12/02 I PAC SOU) PIO4O 19/02 21/02 pac banda urn n/02 13/02 PAC lANOA
      768 words


  • Page 25 Miscellaneous
    • 119 25 Issued by Meteorological Service Division,NEA LEGEND: R! Thunderstorm Wind speed symbols *V Showers C Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day *One full fleche represents 10 knots x Hazy A One solid triangle represents
      119 words

  • Page 26 Advertisements
    • 172 26 INTERNATIONAL MARITIME INMEX EXPO 2004 MALAYSIA KL 2 0 0 4 Kuala Lumpur, 24 26 Feb 2004 WM MALAYSIA i- Trade Exhibition Business Forum -h Interactive Session < —I Chart new courses. Discover more possibilities. >. Date Time: 24 Feb. 1100 1750hrs, 25 Feb. 1000 1750hrs, 26 Feb. 1000 1700hrs.
      172 words