The Business Times, 12 February 2004

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Total Pages: 28
1 28 The Business Times
  • 16 1 85c THE BUSINESS TIMES MITA (P) 024/03/2003 j h[tp://business-times.asial .com.sg SINGA PORE THURSDAY, FEBRUARY 12, 2004
    16 words
  • 700 1  -  They made $213,925 with 2 others by backdating forms for unit trust subscription and redemption By Siow Li Sen [SINGAPORE] In the first case of its kind locally, three former employees of fund manager Alliance Capital Management Singapore (ACMS) pleaded
    700 words
  • 853 1  -  CCDG chief also warns minorities' demand for board seats could backfire By Wong Wei Kong [SINGAPORE] How should shareholders contribute to good corporate governance? To JY Pillay, one thing is clear: institutional investors or fund managers here could be more proactive and play
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  • 587 1 Move, if successful, will create behemoth to rival Time Warner FT NYT Reuters AP [NEW YORK] Comcast Corp, the largest US cable TV company, yesterday made a hostile offer for Walt Disney which values the company at US$66 billion, including the assumption of
    FT; NYT; Reuters; AP; REUTERS  -  587 words
  • 76 1 Dsn 1*868.51(4.17) ST INDEX FUTURES 1*863.00 (-12.00) nsmsci mM 228.01 (-0.25) SIMSCI FUTURES 227.10 (-1.50) Wednesday Change KLSE COMP 818.22 +«.16 NIKKEI 225 Closed HANG SENG 13,524.76 *9.10 SFT INDEX 75.1.24 +13.60 JAKARTA COMP 769.79 *3.02 MANILA COMP 1,477.04 +13.17 TAIPEI WPI 6,454.39 -13.95 SEOTLCOMP 876.14 +954 SHENZHEN B
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  • 74 1 FOREX RATES US* SS US$ (S$ per US$) 1.674 £(1IS$/S$ per 1.868 3.127 ElJRO(lJS$/S$/E). 1.267 2.122 YEN 106.5 63.00 KM 3.800 1270 HK$ 7.771 4.642 BAHT 38.97 2318 RIJPIAH 8,395 5,015 RENMINBI 8.299 4.957 INDIAN RUPEE 45.26 27.04 AS 1183 0.766 NZ$ 1.440 0.860 PRIME RATES SINGAPORE 5.25 MALAYSIA
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  • NEXT page
    • 601 2 He notes impressive gains by economy, reiterates stance on interest rates AP Reuters AFP [WASHINGTON] Federal Reserve chairman Alan Greenspan said yesterday the US economy has made "impressive gains" since last summer but that policymakers can be patient about interest-rate hikes, though
      AP; Reuters; AFP  -  601 words
    • 56 2 IN our Feb 7 report, "Got a problem with your bank? Don't fret", we wrongly said consumers who reject a Panel of Mediators' decision may lose their right to take farther legal action. It consumers who accept a Panel of Mediators' decision that may For ftrther details, visit www.mas.gov£g/consumer.
      56 words
    • 478 2  -  Decision to go-ahead hinges on demand from new low-cost airlines, officials say From Eddie Toh in Kuala Lumpur MALAYSIA is set to build a dedicated terminal at Kuala Lumpur International Airport (KLIA) for homegrown Air Asia and the growing number of budget
      478 words
    • 585 2  -  Stats-ChipPac merger Steep pricing of deal and high gearing spook some analysts By Tang Weng Fai [SINGAPORE] A day after ST Assembly Test Services (Stats) announced a US$l.6 billion share swap to acquire larger US rival ChipPac Inc, market analysts
      585 words
  • Page 2 Advertisements
    • 310 2 Incorporation services in ail major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions 10 ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T:+6s 6535 3382 F: +65 6535 3991 E: singaporeoocra.com.sg 24
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    • 60 3 i v f i k V i flu A ■**>< M Mm J |L 1^ fV %r B! lT^i. ■Bj|& jjliftef-?-. jMßff ~v'yj \jSMH >".3C}K»"*» -*s'--i^' sfl K Jf ik^ ■fe-" '-if--dMßfet c Ifr i M i>] nßr- ;JBF Hfe* u Bi^^mni < **m^B flk- JHKMp #n^HI K ..jjl' IBL
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  • SINGAPORE companies
    • 640 4  -  Results better than expected as economy recovers, provisions fall By Siow Li Sen OCBC Bank yesterday posted a record full-year net profit up 43 per cent to $954 million, helped by the recovering economy and set the stage for higher expectations of rivals
      CHRIS LOH  -  640 words
    • 703 4  -  HOCK lock siew r sivanithy MANY brokers and analysts reckon Wall Street should finish the year higher than where it started, making two winning years in a row and heralding the end of a three-year bear market. Yet, six weeks into 2004, US benchmarks
      703 words
  • Page 4 Advertisements
    • 343 4 I Midas Holdings Limited I m Ir INCORPORATED IN SINGAPORE ON 17 NOVEMBER 2000) I I Wb x I ihlL_ 1 iir^~jßl I ILI &J f i PV i' t 'ii ii^i^THAifcifi |HMHBQV]« In We design and manufacture high density Polyethylene 1 18-tffl Pipes and Aluminium Alloy Extrusion products. Our
      343 words

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    • 64 5 v -21.W.'' t v^^.'^y"ll^ 'iS services and products across its global realm. Naturally, this partnership will let M 1 reach J_ out to an even larger group of international leisure and business travellers, as we are now members in a network of partners that spans the globe. Welcome to a
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  • SINGAPORE markets
    • 673 6  -  Cmpiled by VEN SREENIVASAN Accord Customer Care Solutions Feb 11 doing 79.5 cants ACCS' expansion in India has received a major boost from another Motorola contract to expand AMS networks for GSM and CDMA cellular phones. Together with an earlier contract with Motorola, ACCS will create a nationwide
      673 words
    • 292 6  -  HOT STOCK WARRANT By Ven Sreenivasan FOR a stock so highly recommended by most of the analysts, Huan Hsin has not done as well as it should. It rose three cents to $1.23 yesterday, bringing its 52-week gain to 28 per
      Source: Bloomberg  -  292 words
    • 524 6  -  BT comment STOCKS r. sivanithy AN indecisive overnight session on Wall Street and an equally colourless day for the Hong Kong and Japanese markets yesterday meant broad-based weakness in Singapore stocks, with the Straits Times Index dropping 4.17 points to 1,868.51. The
      Source: Bloomberg  -  524 words
    • 441 6 Traders expect farther weakness ahead unless BOJ intervenes at 105.35 level AFP THE US dollar drifted lower against the yen in subdued Asian trade yesterday with a further weakening expected unless the Bank of Japan intervenes during a public holiday in Tokyo, dealers said.
      AFP  -  441 words
    • TRADES TO WATCH
      • 175 6 FUND manager Arisaig Partners and its Arisaig Asean Fund have emerged as substantial shareholders of Asiatravel.com Holdings after the travel company's directors and other substantial shareholders sold 20 million shares this week. Ari- saig, which bought 10 million shares at
        175 words
      • 70 6 HORIZON Education and Technologies said Deutsche Bank ceased to be a substantial shareholder on Feb 4 after it sold 1.4 million shares for investment purposes. Deutsche Bank still controls 4.85 per cent, or 24.7 million shares, down from 5.13 per cent of the IT
        70 words
      • 65 6  -  Compiled by KENNETH LIM ASCEND AS Real Estate Investment Trust (A-Reit) said Tan Swee Kuan, the wife of director David Cecil Vivian Wong Cheong Fook, bought 40,000 units in the trust on Tuesday at $1.23 apiece, for a total of $49,200. Mr Tan now controls
        65 words
    • Article, Illustration
      417 6 OTHER SINGAPORE INDICES Feb 11 VALUE CLOSE BTOB/PS -57.00 +23.00 BTCAM -*****.00 -42.00 BT 10-dayllA -*****.00 -5.00 JUmEjrtBw 507.30 -0.40 SCEqwM—Beet 183.16 -2.43 S6 EpriHM Fin 1559.52 ->4.76 SG Equities Prop 468.96 -2.90 SMSa 228.01 -0.25 SMSCI Futures 227.10 -1.50 Stocks Volume ChtnaFtexP US15c 119,868,000 AB Corp 15c 90,616,000 UnitedTAC
      417 words

  • BLUE chips
    • 780 7  -  Want Want's good results have put it back in investors' good books, says WONG WEI KONG WONG WEI KONG WHO wants Want Want? Not many would have said yes, had the question been asked a year ago. But after being shunned for dabbling in non-core activities,
      FILE PHOTO; Source: Reuters, Bloomberg  -  780 words
    • 563 7  -  Move follows case of 'late-trading' at Alliance Capital By Genevieve Cua STAFF at some fund management companies must comply with strict rules akin to those that apply to share trading if they want to buy or sell units in their own funds.
      563 words
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      418 words

  • SINGAPORE companies
    • 426 8  -  Utilities boost gain, ROE improves, final dividend of 5 cents a share By Teh Shi Ning DESPITE a difficult operating environment and volatile market, SembCorp Industries achieved a 66 per cent surge in net profit to $285.1 million for FY2003. The buoyant results
      426 words
    • 435 8  -  Group ropes in execs to boost India, China ops By Andrea Tan HEALTHCARE operator Parkway Holdings, which yesterday reported a 19 per cent decline in earnings to $11.2 million for Q4, showed its resolve in growing its overseas operations. The group, which has
      ARTHUR LEE  -  435 words
    • 216 8  -  by Andrea Tan YET another landmark hotel is set to make way for a condominium development. The ANA Hotel at Nassim Hill will close its doors on March 31 after owner Capita Land said it plans to redevelop the site into an "upmarket
      216 words
    • 359 9  -  It also launches new home water filter, sees 30,000 sales this year By Kennrth Lim THE same day it announced a new consumer product, water-treatment membrane specialist Hyflux said it may make as much as $1 billion in revenue by selling water
      359 words
    • 417 9  -  It sees even higher gains mainly from associates By Loh Hoi Yin COSCO Corp (Singapore), which posted a six-fold increase in FY2003 net profit to $24.3 million yesterday, is rewarding investors with a l-for-5 share bonus and a 43 per cent higher
      417 words
    • 340 9  -  By Kennrth Lim MIDAS Holdings, a Chinabased aluminium and polyethylene (PE) pipe extruder backed by a trio of education veterans, yesterday launched an initial public offering of 55 million new shares comprising one million public offer shares and 54 million placement
      340 words
    • COMPANYBriefs
      • 81 9 JEL Corporation, a global distributor of photographic products and fast-moving consumer goods, showed a net profit of $6.2 million for the year ended Dec 31, 2003, up 62 per cent from $3.8 million in 2002. Its revenue rose 41.6 per cent to $116 million from
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      • 56 9 GENEMEDIX pic said it plans to list on Nasdaq and has appointed the Bank of New York as its depositary bank for a Level One American Depositary Receipt (ADR) programme. New York-based investment bank Global Markets Capital Group will manage the listing process. GeneMedix is
        56 words
      • 63 9 NYLECT Technology Ltd said its wholly owned subsidiary, Nylect Engineering Pte Ltd, has been awarded three contracts worth $6.3 million in total to carry out electrical and mechanical works in Singapore and Shanghai. The deals are not expected to have any material impact on
        63 words
      • 68 9 MAINBOARD-listed construction group Chip Eng Seng Corporation yesterday reported a 114.6 per cent jump in net profit to $8.5 million for its financial year ended Dec 31,2003. This is despite a 9.2 per cent fall in revenue to $159.8 million. Earnings per share rose to 1.73
        68 words
  • Page 8 Advertisements
    • 1928 8 r ASIATRAVEL.COM HOLDINGS LTD (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASIATRAVEL.COM HOLDINGS LTD ("the Company") will be held at 20 Merchant Road, Swissotel Merchant Court, Elmwood Room, Singapore *****1, on Friday, 27 February 2004 at
      1,928 words

  • Page 9 Advertisements
    • 1273 9 1 UNITED g™ ENGINEERS LIMITED (Incorporated in the Republic of Singapore) FULL YEAR FINANCIAL STATEMENT ANNOUNCEMENT 1. RESULTS The unaudited results of the Group for the financial year ended 31 December 2003 are as follows: Group 31/12/2003 31/12/2002 Change $000 $000 Turnover* 464,506 473,686 (2) Cost of sales (390,754) (385,136)
      1,273 words

  • EXECUTIVE suite
    • 448 10  -  Industry is likely to post almost similar demand of about $10b this year Reports by Vince Chong CONSTRUCTION demand fell to a decade-low of $10 billion last year, below a forecast that was trimmed twice, and a 30 per cent decline from $14.2
      448 words
    • 212 10 THE stock rebound of the second half of 2003 helped spur the residential investment sales market last year, encouraging more buying of homes. As a result, said Knight Frank executive director and Member of Parliament Amy Khor, developers went into the investment market in anticipation
      212 words
    • 468 10  -  BT exclusive Woodsville Court, adjoining plot will boost its landbank by 72,549 sq ft By Kalpana Rashiwala CENTREPOINT Properties continues to strengthen its residential landbank. It recently bought Woodsville Court and an adjoining site with a combined freehold land area of 72,549 sq ft
      468 words
  • Article, Illustration
    1065 10 Transaction date: Feb 11 CMTERBAMg CROSS RATES *S C$ Euro HK$ Ind Is Rupiah Yon Won KM HZ*, P* to Peso S$ Rand Sfr *T$ Brtt Pwwd USS Australia 1037 6.461 0.615 6.056 ***** 65.426 0.822 9.045 2.962 1122 44.727 43.S66 1305 5368 0.965 25.832 ***** 0.417 0.779 Canada
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  • Page 10 Advertisements
    • 50 10 HEART OF PUCE... Commercial 653 I 8672 *****666 IMpll I WHERE ROMANCE WILL BE THE ORDER OF THE DAY I H "Winner of Platinum Awards Of Excellence 4 Star Business Hotel 2002/03 I V the Multiple Award Winning Wah Lok Cantonese Restaurant" S H I I II a* JEaft. il
      50 words
    • 61 10 19 21JALAN MASJID A pair of 4-«torey Commercial cum Residential Buildings opposite Kembangan MKT Station a* Existing development: 6 residential units 2 shop units Opposite Kembangan MRT, near amenities Modem building with functional layout Freehold Complete with own private lift Private parking lots Please contact: Charles Hoon (6228 7315) or
      61 words

  • SINGAPORE news
    • 403 11  -  They can compete with SMEs for govt projects so long as competition is fair By Anna Teo UNDER a new competition law to be enacted by next year, large companies, including govern-ment-linked firms, will not be barred from competing with small companies in
      403 words
    • 513 11  -  Move aimed at building up diverse and critical mass to draw others here By Chuang Peck Ming THE Economic Development Board, used to wooing investments from global businesses, is also showing an interest in non-profit-making international organisations. It wants them
      513 words
    • 291 11 EXEL, the global leader in supply chain management, officially opened its new Supply Chain Hub at the Airport Logistics Park of Singapore (ALPS) yesterday. The $23 million facility houses Exel's Asia-Pacific headquarters as well as its Singapore office. The facility is about 280,000
      291 words
    • 314 11  -  By Daniel Buenas THE government plans to restructure Singapore's university system in order to allow for more autonomy in higher institutions of learning here, Deputy Prime Minister Tony Tan said yesterday. Dr Tan, who was speaking to reporters at the Istana, said the Ministry
      LIANHE ZAOBAO  -  314 words
    • 346 11  -  Daily average surged 24% to US$119b: DPM Lee By Chen Huifen AFTER three years of stable performance, foreign exchange activity appeared to have revived here last year, with the average daily trading volume jumping 24 per cent to US$ll9 billion.
      346 words
  • Page 11 Advertisements
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  • EDITORIAL & opinion
    • 700 12  -  THE bottom line OPINION andy mukherjee Bloomberg WHAT compelled the Group of Seven (G-7) industrial nations to qualify its call for flexible exchange rates after less than five months? And why did the G-7 do so by adding four
      Bloomberg  -  700 words
    • 134 12 The rich world has ganged up on China.' -Stephen Roach chief economist at Morgan Stanley, who argues that the United States should recognise that it has a trade imbalance because it spends beyond its means. 'Exchange rates move every day and to think that you can adjust
      134 words
    • 637 12 EDITORIAL AMID worries about a jobless recovery in Singapore, a front-page headline this week crows: "Jobs on the rebound in Asia surveys show". It's just the type of news that would make Singapore's unemployed numbering some 96,400 at last count in December 2003 sit up. But chances
      637 words
    • 871 12  -  Which both parties aren't, of course. Because budget talk isn't about the budget; it's about scoring political points By Robert Samuelson The Washington Post Writers Group THE most revealing factoid about the Bush administration's budget is this: After scouring the entire
      The Washington Post Writers Group; BT FILE PHUTO, BLOOMBERG  -  871 words
    • 417 12  -  COMMENTARY Deflate inflated US CEO compensation by importing bosses By Jesse Kornbluth LAT-WP FEW cared when the jobs of "little people" left the country. But now the flight of jobs from the United States has moved beyond backoffice functionaries to IT guys and legal analysts,
      LAT-WP  -  417 words
  • Page 12 Miscellaneous
    • 165 12 CRYPTIC CROSSWORD Catholic church embraces Across: 1 Home rule, 5 love (3) Send-up, 9 Normally, 10 Ver--1 A manic GP plans for battle 15 Understand that sources of sus, 11 Special 12 Egg-flip 13 W diamonds interest girts (3) Give a reason,'l6 Taxidermist, 2 Alhcountries come to terns 17 Prisoners
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  • REGIONAL news
    • 367 13  -  Analysts not too excited bat say the move may keep the market buoyant From Eddie Toh in Kuala Lumpur MALAYSIAN stocks spiked late yesterday following a rosy report card by the adviser to the largest US pension fund, which had given the
      367 words
    • NOTEBook
      • 127 13 Reuters [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi on Tuesday told state party chiefs of his ruling United Malays National Organisation (Umno) to gear up for a general election but declined to say when the vote might come. "All must move and work
        Reuters  -  127 words
      • 85 13 Bloomberg [BEIJING] Citigroup, HSBC Holdings and Bank of East Asia Ltd won approval to provide yuan banking services to local companies in China, as the nation relaxes restrictions to meet World Trade Organization pledges. The three companies received consent from the China Banking
        Bloomberg  -  85 words
      • 136 13 Reuters [Kuala LUMruKj Malaysia's eun Bank yesterday said it had no immediate plans to merge after terminating talks with a rival lender to create the country's third largest banking group. But EON Bank, Malaysia's seventh largest bank and a unit of EON Capital
        Reuters  -  136 words
      • 108 13 Reuters [BEIJING] China reported its first trade deficit in 10 months in January as export growth slowed markedly after curbs on tax rebates paid to exporters began to take effect. The controversial trade balance of the world's fourth biggest trading nation swung to a
        Reuters  -  108 words
      • 64 13 Bernama [KUALA LUMPUR] Time Engineering yesterday signed a memorandum of agreement with KT Corporation for a strategic business relationship in information and communications technology initiatives. In filing to the Malaysia Securities Exchange, Time said the agreement marked a collaboration between the two to establish
        Bernama  -  64 words
    • 354 13  -  Foreigners baying short-term ringgit bonds expecting change in peg From Diana Oon Abdullah in Kuala Lumpur FOREIGNERS, convinced that the Malaysian ringgit will soon be revalued against the US dollar, have been putting money into short-term ringgit bonds. "There has been movement into the ringgit
      354 words
    • 321 13 JAKARTA Reuters INDONESIA yesterday agreed to the sale of a 71 per cent stake of mid-size PT Bank Permata, valued around US$73O million, and minority holdings in four other banks to help close a Budget deficit in an election year.
      Reuters; ST FILE PHOTO  -  321 words
    • 544 15 BEIJING Move allows it to avoid more painful steps like adjusting yuan peg analysts Reuters CHINESE Prime Minister Wen Jiabao has ordered a clampdown on excessive lending in the strongest step yet to tackle a problem that could undermine the economy and complicate reforms
      Reuters  -  544 words
    • 342 15 Actress Zhang Ziyi comes second on the Forbes list, followed by actress Zhao Wei AP [SHANGHAI] Houston Rockets star Yao Ming topped Forbes Magazine's 2004 list of top Chinese celebrities, ending up head and shoulders over entertainers such as martial arts star
      AP; REUTERS  -  342 words
    • 256 15 BEIJING Reuters FOREIGN direct investment (FDI) in China rose 13.6 per cent in January from a year earlier to US$4.l billion, the Commerce Ministry said yesterday, as foreign companies target the country's cheap labour and wealthy consumers. Contracted foreign investment, an
      Reuters  -  256 words
  • Page 13 Advertisements
    • 108 13 Congratulations to Singapore Technologies Singapore Technologies Pte Ltd jir' 1 -«t if* V on winning CFOBffl YfiM Deal of the Year 2004 and □asia*** hawards Best Equity-Linked Deal of the Year DEALS OF THE YEAR for *****,000,000 1.08% Guaranteed Exchangeable Notes due 2010 Exchangeable into Ordinary Shares of Capita Land
      108 words

  • Page 14 Advertisements
    • 1942 14 ghjk tfL\ \VJ ASIA PACIFIC BREWERIES LIMITED (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Asia Pacific Breweries Limited (the "Company") will be held at Level 2, Alexandra Point, 438 Alexandra Road, Singapore *****8 on 27 February 2004 at 10.00
      1,942 words
    • 1718 14 CAM International Holdings Ltd NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CAM INTERNATIONAL HOLDINGS LTD ("the Company") will be held at Carlton Hotel. Express Room I. Level 2. 76 Bras Basah Road. Singapore 1 ***** on Friday. 27 February 2004 at 3.00
      1,718 words
    • 15 14 Reach your shareholders and potential shareholders by publicising your company's financial results in our newspapers.
      15 words
    • 535 14 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF MEGA-TRANS PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting ot the members of the above-named Company, duly convened and held at 46 Penjuni Lane. Singapore
      535 words

  • 3726 15 UNIT TRUSTS FUNDS Com Global Finance Index Fd 0.975/ Com Global lifestyle Index Fd 0.97V Com Global Healtfi Index Fd 0897/ UN Amro Asset Mgt (S pore) CwI) Global Telecom Index Fd 0.506/ Star Europe Eqt£ 0.77& Com Gtoba nfotec index Fd!" 0.377/ Star Europe Bond 1.284/ Com aobat En
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  • Page 15 Advertisements
    • 369 15 Wxr \m fc%^^FFLES^uSvARD Ve 'MTLA MARINA SQUARE' SINGAPORE *****?/ ■HhSHS DateWl] 17 February 2004 fTUesdav) DHHBKmSW 9 30 a TA^L p sJHMSF^fIBHHIH Korea Trade-Investment Promotion Agency Singapore and the mission leader Mayor Jung Young Seok (Jinju City) cordially invite you and your business development manager to a One-on-One business meeting
      369 words

  • 4830 16 Transaction date: Feb 11 HONG KONG Vol HK Exchanges Clearing 19 40 -0 40 7606 HKS "000 HKRInt'l 3.28 -0.03 3652 HK and China Gas 12.70 -0.05 7681 Aeon Credit 6.05 0 05 204 Hong Kong Electric 32.30 0.10 3537 Aeon Stores 5.85 0.05 254 Hongkong Chinese 1.20
    4,830 words
  • 2454 16 Transection date:Feb 11 KUALA LUMPUR £nadf?£: lit un General Cofp 0.53 unch 190 ■m *J- rami General SoM 1.26 unch 0 Genting 16.90 0.30 979 ASM Realty 1.73 0 04 127 George Kent 1.10 unch 72 Ahric 0 92 unch 0 GlobetronicsTech 7.00 -0.05 134 ACP Industries ZZZZlSO unch
    2,454 words
  • 810 16 Transaction date: Feb 11 s>w>«ii w aw cii«m« M»d«— w omt change Altgreen 50c 0.38 1.130 -0.010 NatSteel 50c 0.36 2.150 ***** CapitaLand 122 1.710 -0.010 OCBC 8 53 12.700 «0.100 Chart SenvCond 26c 1.42 1.760 -0.030 OUE 0.44 6900 *0.050 CrtyOevSOc 2 24 6.700 -0.050 Parkway H 25c
    810 words
  • 688 16 BONDS WARRANTS Pran Expiry Tai Last Vol Com bar Disc Gur MUk Coda Company Sab COOP) Ratio Prtta jug Left 3698 AST! W*****] MS 1 167 1 16 -3 1.41 4 3697 Acma Ltd W*****6 .0.5 1 50 461 18.00 9 3602 Amtek W*****0 115 1 33 1 1.28 16
    688 words
  • Page 16 Advertisements

  • WORLD news
    • 656 17 PARIS Opec officials hint that cartel may backtrack on output cut decision Bloomberg NYT AFP OIL demand this year is rising faster than expected as a surging Chinese economy begins to spur growth in surrounding nations, the International Energy Agency (lEA)
      Bloomberg; NYT; AFP  -  656 words
    • 226 17 WASHINGTON LAT-WP THE South climbed aboard John F Kerry's bandwagon on Tuesday night, propelling him ever closer to what rivals and party leaders call a near lock on the nomination to face President George W Bush. By taking Virginia and Tennessee, the Massachusetts senator has won
      LAT-WP  -  226 words
    • 401 17 NEW YORK NYT THE Goldman Sachs Group laid off 50 traders and sales executives in its equities division on Tuesday, as it continues to concentrate its resources in more profitable areas. The 50 executives laid off were concentrated in the firm's offices in
      NYT; Photos: Reuters  -  401 words
    • 436 17 SAN FRANCISCO Lawyers at Justice Dept said to have recommended move NYT Bloomberg STAFF lawyers at the US Justice Department are recommending that the government seek to block Oracle's US$9.4 billion hostile takeover of People Soft on the grounds that the deal
      NYT; Bloomberg  -  436 words
    • 368 17 LONDON Express owner also eyes stake in rival printing firm Reuters BRITISH press baron Richard Desmond, owner of the Express newspaper, has made an indicative bid worth more than £500 million (Ssl.6 billion) for the Telegraph newspapers, an industry source said yesterday. A spokesman for
      Reuters  -  368 words
    • WORLDWatch
      • 83 17 Reuters tNriW yukkj News Corp yesterday said second-quarter profit rose, buoyed by strong performance at its cable and newspaper divisions. Net profit rose to US$36l million, or 27 US cents per American depositary receipt, from US$239 million, or 18 US cents per ADR, a
        Reuters  -  83 words
      • 98 17 Reuters [ATLANTA] Coca-Cola Co yesterday reported a slight dip in quarterly net income, hurt by a restructuring charge, higher expenses and sluggish sales of its soft drinks in North America and other key markets. Coca-Cola posted a fourth-quarter net profit of US$927 million, or
        Reuters  -  98 words
      • 63 17 Bloomberg [NEW YORK] Insurer American International Group Inc had a record US$2.7l billion profit in the fourth quarter, compared with a year-ago loss, on higher prices for property and casualty coverage and growth in Asia. Net income was US$l.O3 a share, compared with a
        Bloomberg  -  63 words
    • 605 18  -  It should open markets more and avoid using tax policy to control market access: Zoellick From Anthony Rowley in Tokyo AT the start of a globe-spanning trip to build momentum for restarting the WTO Doha Round of trade negotiations,
      REUTERS  -  605 words
    • 265 18 NEW YORK LAT-WP FACING a consumer shift from video rentals to the fiercely competitive market for DVD sales, media giant Viacom announced on Tuesday that it will let the Blockbuster chain go it alone. Viacom will divest its 81 per
      LAT-WP  -  265 words
  • Page 17 Advertisements
    • 53 17 Where to wine, dine and entertain... A World of Exclusive Privileges Treats —u WW bternatianar l.vgf 1 'jEßfiSSmip 1 "S Patara Fine Thai Cuisine (6266 2555)... I marvel at the exquisite taste of Thai Cuisine with my Diners Club Card jm "General T&C apply. Only if I pay with my
      53 words
    • 128 17 PLAZA PARKROYAL Romance Is In The Air 14 February 2004 Cafe Plaza Valentine's Day International Euro-Asian Buffet Dinner $38 per person Lovers' Candlelight Romantic Dinner Room Package $228 per couple SI Chuan Dou Hua Restaurant Romantic Set Dinner for two at $98 per couple Dinner Room Package at $208 per
      128 words
    • 28 17 §|*F*>* Spring Court The Oldest I Chinese Restaurant in I Singapore since 1929. Special PEKING PUCK I.i«.h»d to one per table with min. order of $50 oawaitU. I
      28 words
    • 53 17 Asian A La Carte Buffet M JKav a. r Ma V fefr^ Savour the best of Asian cuisine at Captain's Table a la carte buffet special. Try more than 40 varieties of delicious dishes from around the region. Monday to Friday: Dinner Weekends Public Holidays: Lunch Dinner $22.80++ per adult;
      53 words
    • 45 17 1 MERITUS MANDARIN SINGAPORE Thai Street Fare 12 to 29 February 2004 Treat yourself to an exciting feast of Thai spread! Reservations: 6831 6286 Mezzanine Cafe Bar 2nd floor MERTTUS MANDARIN <.**.*4 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      45 words

  • 6653 18 Transaction date: Feb 11 52-Wk Tel Lut Vol Day Last Quote GrDrv Dtv GrYld Nat MCap High Low Coda Company Sate COOP) High Low Buy Sa»af Cvr P<I Smll 69.5 39.5 5834 A-Sonic 52.5 -2 1385 55 52.5 52.5 53 18.2 1481 8 5300 ABNAmroNLG 56c 9 12
    6,653 words
  • 73 18 n-Mk Td Last Vol Day LxtQuott GrOtv Mv GfTM MM HCaa mg> L—i Co4» Comply Srt» W- CW> HUN Low 8«yr Sdter Cw Wt SiJ 2060 2000 6065 Diamonds US2060 2120 ***** 6095 IS DJ US Tech US3740 6097 ISMSCISpore US5S5 6101 ISSAPS00 US8270 9650 9650 6170 SPDrtS
    73 words
  • 1902 18 52 4M Tel Lact M Day Lart Quota GrfM* Nv CrYM MM MOc Wgli t—I Cede Company Mt W- fM8> «jh Lam Buyer SeMr C»f WE SmM 26 7.5 5000 ABR Hldgs Sc 18 175 18.S 34.7 42 12.9 2101 APOil 5c 35.5 -1 268 36 35.5 35
    1,902 words
  • 353 18 S2-M M Lat Vd Day last Quota GfW* W* Grttd NM MCap HWi Lew Code Compawr Sdt W- (HW> HW U» Sa«ar Cw WE siJ 193 96 6000 A V Jennings A25c A182 +1 70 182 181 182 183 40 8.8 5.5 6.9 391 7 6001 CathayPac20c HK720
    353 words

  • 1514 19 SICOM FUTURES Feb 11 RUBBER Futures (Closing prices) RSS1 (S ccnts/kg) Close Volume Open Month High Low Sott (tonnes) Interest Mar 04 214.50 Apr 04 217.25 May 04 ***** Jw 04 219.00 Jul/S<p 04 220.25 Oct/Dec 04 222.00 RSS3(U$centsAg) Volume 0p«fl Month High Low Sott (tonnts) Interest Mar 04
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  • Page 19 Advertisements
    • 294 19 Let CAL STATE University bring you the Silicon Valley Advantage. Ton CMgHk President, Wtl-Mart WHS WPPB Georpne Proctor-CfO»the Bedrtd Group Scott Unas- CEO, Jumper Networks "Wtof do these succesfil corporate executives have in common? lie CAL STATE Silicon Valley advantage!' "This program offend me great insights info the management strategies
      294 words
  • BizIT
    • 348 19  -  It will initially offer the product in Singapore, and later take it across the Asia-Pacific region By Amit Roy Choudhury JAPAN-BASED giant Canon's Singapore arm has teamed up with USbased Open Text to market enterprise content management (ECM) solutions along with digital products
      348 words
    • 341 19 Xinhua [ZHENGZHOU] At the end of the week-long Chinese New Year holiday, a central China hospital treated a 16-year-old schoolgirl who had shown symptoms of mental disorder after staying hooked on the Internet around the clock for days. When she was sent to the hospital,
      Xinhua; ST FILE PHOTO  -  341 words
    • 695 20  -  In South Asia, SingTel subsidiary NCS is EMC's biggest volume partner, selling into accounts EMC could not reach, Tang Weng Fai reports Tang Weng Fail Following a rethink of its go-it-alone strategy, USbased storage giant EMC Corp has fully committed itself behind a
      695 words
    • 131 20 Bloomberg [LOS ANGELES] Apple Computer Inc is being sued by five consumers over claims the company made false promises regarding the lifespan of the batteries in its iPod music player. The plaintiffs are seeking permission to sue on behalf of iPod owners in
      Bloomberg  -  131 words
    • 705 20  -  IT comment INFOTECH The buyout spree, which started in Jan 2000, ended in Sept 2001 with HP acquiring Compaq. After a 2-year lull, firms are at it again raju chellam THIS should rank as the single most significant week in the last three years
      705 words

  • Page 20 Advertisements
    • 117 20 The essentials of imaging KONICA MINOLTA A revolution In office equipment for the evolution of business. v ly-AiTAr Y ®P* Core office machines fhof deliver satisfaction, create a work environment that LJIALIALOIOr I DIALTA -J» transcends time and space, and improve your business performance. S ffil/scanner/ <JL rf _j~ 1
      117 words

  • SHIPPING TIMES
    • 612 21  -  Vessel owner fails to pay agreed ransom By Donald Urquhart [SINGAPORE] Four crew members of an oil product tanker were shot dead by pirates in the Malacca Strait off Indonesia's war-torn Aceh province last week after the vessel's owner failed to
      612 words
    • 104 21 AFP [SHANGHAI] One person was killed and nine are missing after a coUision between a Dutch container ship and a small Chinese cargo vessel near Shanghai, Chinese state media reported yesterday. The collision happened on Tuesday at the mouth of Yangtze River, throwing all 11
      AFP  -  104 words
    • 508 21  -  Compliance achieved well ahead of July 1 deadline By Donald Urquhart [SINGAPORE] PSA Corporation's container and conventional cargo terminals became the first facilities in Singapore to comply with the International Maritime Organisation's (IMO) new security requirements, the Maritime and Port Authority (MPA)
      FILE PHOTO  -  508 words
    • 291 21 Owners reluctant to scrap ships as freight rates soar Bloomberg [LONDON] The cost of demolishing ships reached a record as steel prices surged and booming rates for shipping discouraged owners from scrapping their vessels, reducing supplies in the scrap market, brokers said.
      Bloomberg  -  291 words
    • 299 21  -  Thai Maritime Navigation also plans to buy 2 more feeder vessels By Beth Jinks [SINGAPORE] Thai-listed and Singapore headquartered feeder Regional Container Lines (RCL) has ordered two container vessels from China's Jiangsu Yangzijiang Shipyard in anticipation of further intra-Asia trade growth. The
      299 words
    • 292 21 SGX '000 Feb 11 SS Vol CH Offshore .0.37 -0.01 1128 ChuanHup .0.51 unch 980 Cosco Investment 0.90 -0.01 ***** CWT Distribution 0.56 unch 12 Ezra Hldqs 1.24 0.01 185 Freight Links .0.15 unch 1712 GB Holdings .0.71 unch 4 Jaya Holdings 0 88 -0.01 1573 K1 Venture.
      292 words
    • AVIATION news
      • 948 22 OBITUARY Jerome Lederer took flight safety to new heights in an aviation career spanning nearly four decades NYT JEROME F Lederer, an aviation safety expert who introduced blinking anti-collision lights and flight data recorders to aircraft, helped create many of the regulations promoting safe air
        NYT; REUTERS  -  948 words
    • 114 22 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 1 CWTGIobelink ...4 1 Delmas 4 Dongnama 3 1 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A
      114 words
    • 4663 26 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote O'lvoire To FELIXSTOWE (FXT) 2127 U. K. 23/02 03/04 China Shpg ASTA RICKMERS 0119W 65-*****698 24/02 16/03
      4,663 words
    • SHIPS IN PORT
      • 600 27 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL AMORITA 001 J15/16 A/SIDE 12/02 2200 BAYSWATER228 E4042 J3 A/SIDE 12/02 0200 CITRA LINE 1 JB4201 J11 A/SIDE 12/02 0400 DELMASCHARC 406E J17/18 A/SIDE 12A)2 0200 NIC0 3 0902 J6 A/SIDE 12/02 0630 WINSTAR 7 11B4W J2 A/SIDE 12/02
        600 words
      • 1599 27 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Mmbr ACX LILAC 062S 062S 1 15/02/2004-15:00 16/02/2004-07:00 ACX MARGUERI 027N 027N 1 *****004-1500 **********:00 ALAMJAYA 2 8882N 8882N 1 14/02/2004-05:00 *****004-1300 ALAMJAYA2 8883 8883 1 *****004-09:00 15Q*****-1500 ALNOOf C281W C281W
        1,599 words
      • 144 27 Peb 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 Day. Apr 4 HK: Ching M
        144 words
      • 812 27 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
        812 words
      • 534 27 Carbon FtOS Density Wittf Residue AshAhimlitfum Sediment HM/M (urn K6/IT3 V/V M/M HM/M mi mrthiKl ISO/Cinuc limits Spec E25 991 1.0 15.0 0.10 80 0.10 Spec C35 991 1.0 16.0 0.15 60 0.10 Northern Europe 180 A*e 980.2 0.1 12.0 0.04 17 0.02 180 Mix 996.5
        534 words
    • AIR & LAND transport
      • 420 28 The kingdom's 3rd budget carrier will be 39% owned by Thai Airways AP Bloomberg [BANGKOK] Thailand's third budget airline, partly owned by national carrier Thai Airways International, announced its launch plans on Tuesday including selling its tickets through local 7-Eleven stores. Nok
        AP; Bloomberg  -  420 words
      • 269 28 AP [DUBAI] Tuesday's deadly air crash of a Fokker 50 operated by Kish Air is the fourth fatal incident involving the aircraft, built by a nowdefunct Dutch company which was one of the world's oldest aircraft manufacturers. Tuesday's crash in the
        AP  -  269 words
      • 318 28 Staff born in list of 10 countries affected: airline LATWP [PARIS] Air France has issued a memo warning some of its foreign-born employees to expect long security delays at US airports and instructing them to avoid the Cincinnati airport altogether.
        LATWP  -  318 words
      • 297 28 AFP [STOCKHOLM] More than a dozen airplanes have come close to colliding with other planes or with ground vehicles while taxiing at Stockholm's Arlanda airport over the past year, the Swedish Civil Aviation Administration (CAA) said on Monday. "There were about
        AFP  -  297 words
      • 249 28 NYT [NEW YORK] Delta Air Lines, which is on an aggressive cost-cutting drive, said on Tuesday that it would not add five Boeing 777 long-range jets to its fleet over the next two years as it had planned to do. The action is the latest in
        NYT  -  249 words
      • 110 28 Reuters [KUALA LUMPUR] Malaysia Airports Holdings expects the number of travellers passing through its 37 airports to rise 5 per cent this year, its managing director was quoted yesterday as saying. "The increase in passengers is attributed to two factors: an increase in tourists
        Reuters  -  110 words
      • 364 28 They hope to form ticketing alliance for flights between HK and Moscow Bloomberg [HONG KONG] Cathay Pacific Airways, Asia's sixthlargest carrier, said it's in "advanced discussions" with OAO Aeroflot to form a ticketing alliance for flights between Hong Kong and Moscow as demand
        Bloomberg  -  364 words
      • 153 28 Reuters [YEKATERINBURG, Russia] British Airways (BA) plans to introduce a new Russian regional route and increase the number of flights on its existing routes to the country, a company official said on Tuesday. Daniel Burkard, regional commercial manager for Eastern Europe, said BA franchisee
        Reuters  -  153 words
      • 220 28 AP [WASHINGTON] Boeing Co will likely have a launch customer for its new 7E7 Dreamliner airplane by May or June and the customer probably will be located outside the United States, the head of the company's international operations said. Boeing will begin
        AP  -  220 words
      • 1992 28 cmr flight eta flight no ekoo 1940 UMl LH9771 1855 BA7382 2250 Fraakhrt AC99S1 0655 LH9765 M2S S0230 1655 0F82 2250 IH9762 0655 S0326 1425 $023 0630 KL836 2330 5025 0655 8*7305 2300 KL837 1535 S024 2345 LH778 1650 0F5 2300 Aucklaad EM05 0105 EK404 1500
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  • Page 21 Advertisements
    • 87 21 Thailand's Nok Air to start flights in Q2 UAE ciash the 4th fatal Incident Involving Fokker 50 1 i A v Cathay, Aeroflot In talks to boost traffic 'x\ V For adMriMnf/wbtcri|)tloiis, call Bernard Ong: *****645. Joe Wong: 6319 2062 HP; 9620 1327 I Email: wongwsfOspti.com.sg For edtortaJ matters/special features:
      87 words

  • Page 22 Advertisements
    • 155 22 ANNOUNCEMENT NEW LOOP APX2 (ASEAN PENDULUM EXPRESS 2) Tokyo Senpaku Kaisha (TSK) Line are pleased to announce the launching of their new loop APX2 (Asean Pendulum Express 2). This new service aims to cope with the increasing cargo volume between Intra South East Asia covering Thailand, Singapore, Malaysia and Indonesia
      155 words
    • 514 22 lines services represented by Members of the Registry of Accredited Shipping Agents, \°n< "y Singapore Shipping Association LILY UNE MALE /vtssa yoy to to ra'N P. KUNC SPOKI WUUi Kota Teguh XTGII7 17/02 27/02 Kota Tegap TGAOS7 23/02 04/03 Princess Lily 0203 02/03 04/03 12/03 ULY MARINE SERVICES PTE LTD
      514 words
    • 6 22 Members of the Singapore Logistics Association
      6 words

  • Page 23 Advertisements
    • 797 23 MOL Combines a range of shipping modes to ensure timely/ reliable services covering major ports in America, Europe, Japan, Asia, Africa Oceania. Also accept Intra-Asia Cargoes to: BUSAN/KWANGYANG SHANGHAI YANIIAN XMMBI QMGDAO KIAWAN JAKARII SURABAYA KAOHSUHG BANGKOK lAIM CHAIAMO HOCHIMINH PASW 6UPAHG rfItAHG POUT KEIAHGI For Schedules, BL Searches, and
      797 words
    • 1032 23 80ROBINSONRO#12-00 SALES/BKGS TEL **********3 FAX: *****321/24 COSTAR SHIPPING PTE LTD SINGAPORE *****8 OUTWARD (B/g *****802 *****325/75 CRNO. **********0 M TEL: *****900 (MAIN) INWARD (D/O) *****786 *****319/49 JOHOR'S OFFICE' T/SHIP DEP 6420 5825 6238 5316/46 COSTAP AGENCIES (M) SDN BHD TEL 07-353 8166 FAX: 07-353 8170 CONVENTIONAL *****850 *****208 MONTHLY DIRECT
      1,032 words
    • 528 23 Syhamk ~m ~wr- 2T/2 HQHS 017N 24/2 25/2 27/2 PERTH BRIDGE 048A 24/2 28/2 BAC AQUILA I403N 2/3 3/3 5/3 ~NEW DYNAMK 055* 4/T" 6/3 _JaJ||£l*i2SS— *VSt a*ng boHi North Iter pott rasa VOY PKG SIM HKG SHA TAP HSK VESSR VOY SHI JKT CHINA STAR 014 E 22/2 23/2
      528 words

  • Page 24 Advertisements
    • 1477 24 WNwan'hai lines V Tel: 6226 1588 Fax: *****163 J I v INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: I v >' 4 1 NHAVA SHEVA 1 CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY I For more details, call HOTLINE: 6226 1588 1800-*****00 x mj -L akia NOKTRANS SHIPPING
      1,477 words
    • 522 24 i BSfl n. MYANMA ■H FIVE STAR UNE (MyouMi NQHOMI UM) Loading for Yangon VESSEL VOY SIN PKI PIN rGU HPA-AM 317W SU> PAGAN 327W SU IN BALAYSIA: lOUSTEAD SHIPPING AGENCIES MIL 03-*****300 PKL 03-*****101 PIN: 04-*****02 Mcsßsmm ACCEPTING CONVENTIONAL C6O VESSQ VOY HKG SIN PGU PKI KUC PRINCESS S3
      522 words

  • Page 25 Advertisements
    • 1399 25 I VESSEL VOY KHH HKO I SIN I PKL I PXB BAB PMM MK CAPE FRIO PCLBO22 SKIP SKIP 18/02 19/02 27/02 2S/02 04/03 05/03 IRAN SATTARI PCLBO23 SKIP SKIP 25/02 26/02 06/03 07/03 12/03 14/03 SEA NAVIGATOR PC***** SKIP SKIP 29/02 01/03 09/03 10/03 15/03 17/03 CAPE FRIO PCLBO2S
      1,399 words
    • 725 25 UK CONTINENT SERVICE Loading for GREVENO RTM/ATW/BMN/UK/NAN PANORMOS PRIDE RTM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J SAFE HDD/JDH/AQA TINA II DBI/ABU/DOH/BRN/DMM/KWT PLAMER DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore. E7W. 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
      725 words
    • 788 25 Jsssa vqi m ess! _msa m «t pac umk mw 12/02 13/02 mcsuui tllias 12/02 u/02 PAC lANOA 1144 M 14/02 15/02 Ai AM I ATA 7 Uti 15/02 17/0? PACIANOA H4SN 16/02 16/02 TAC SUUi PIMO H/M 21/02 PACIANOA 114$N \JM 17/02 ALAMJAYA2 W4 22/02 24/02 J fAC lAHPA
      788 words


  • Page 27 Miscellaneous
    • 121 27 i rj^sl_** l^^^BHßß|[wfc|^^ a Ss v. Issued by Meteorological Service Division,NEA LEGEND: I Thunderstorm Wind speed symbols Showers O Fu circ,e w/o line indicates calm or light and variable winds R a i n 1 One half fleche represents 5 knots Cloudy Day -—One full fleche represents 10 knots x
      121 words