The Business Times, 24 February 2004

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Total Pages: 35
1 36 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 024/03/2003 imernet: !ittp://business-times.asial .com.sg SINGAPORE TUESDAY, FEBRUARY 24, 2004 85C
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  • 867 1  -  Benefits include flexi-time, enhanced medical plan, teleworking By Angela Tan [SINGAPORE] Tackling Singapore's low birth rates is a big task. And as Prime Minister Goh Chok Tong has said, it's not just a matter of financial incentives. Noting that there were many
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  • 74 1 ST! 1,884.53 (-7.25) ST INDEX FUTURES 1,885.00 (-14.00) SIMSCI 229.68 (-0.72) SIMSCI FUTURES 229.70 (-1.60) Monday Change KLSECOMP Closed NIKKEI 225 10,***** +148.27 HANG SENG 13,765.07 -103.30 SET INDEX 724.86_ -3.78 JAKARTA COMP —Closed MANILA COMP 1,482.57 -5.45 TAIPEI WPI 6.665.89 +0.35 SEOUL COMP 877.49 -4.16 SHENZHEN B 298.27
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  • 72 1 FOREX RATES US$ 8$ USS (S$ per l'S$) 1.696 £(IJS$/SS per 1.858 3.152 ElIRO(US$/S$/E). 1.254 .2.128 YEN 108.2 63.80 RM 3.800 2.240 HK$ 7.775 4.583 BAHT 39.26 23.14 Rl'PIAH 8,440 4,975 RENMINBI 8.299 4.892 INDIAN RUPEE45.28 26.69 A$ 1.294 0.763 NZ$ 1.462 0.862 PRIME RATES SINGAPORE 515 MALAYSIA 6.00
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  • 650 1  -  Analysts say bank should sell out given fog over capital needs for its stake in insurer By Siow Li Sen [SINGAPORE] OCBC Bank is holding its cards close to its chest, only admitting that it is "currently in discussions"
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  • 660 1  -  Govt hopes $10m annual savings will be passed on to airlines By Donald Urqohart [SINGAPORE] Changi Airport's ground handling franchise fees will be slashed from next year, saving ground handlers about $10 million a year which the government hopes will be passed on
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  • Page 1 Advertisements
    • 33 1 Budget Buzz: CEOs on top-of-the-mind issues, Pg 2 SIA STAFF MORALE Exchange of letters between Alpa-S and SM Lee Pg 14 1 National Parks Board seeks to revitalise Fort Canning p 9 12
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    • 4 1 Hill 8 "sszisrsooocK 11
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    • 81 1 in II mi'wiiii rift m -u urged to Shipping Timet Pages j, v-ojg^M^^^wKLaL WStmr -t f MM&ir v '-"'^-f Breguet. La passion laisse des traces. ■Le R«veil du Tsaf Man's Classique alarm wristwatch in 18-carat yellow gold Self-winding movement t yyy .^Z{ with small seconds and date Second time-zone indicator
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  • NEXT page
    • Article, Illustration
      957 2 Babies may steal some of the limelight this year, but, for most CEOs, business concerns remain the top issues for the Budget that's due this Friday Andy Zupsic, managing director, Microsoft Singapore "This year, I expect to see more efforts to encourage the growth of technology, biotech and
      957 words
    • 872 2  -  Potential suitors said to include Temasek, Barclays By Wong Wei Kong [SINGAPORE] A unique footprint in Asia and emerging markets is what makes Standard Chartered Bank so appealing to potential suitors, which some say may now include Singapore investment holding company Temasek with
      872 words
    • 536 2  -  But it remains keen on banking assets there; successful bidder Citigronp offered 3.18 trillion won By Joyce Koh [SINGAPORE] Temasek Holdings yesterday said it is still keen to invest in South Korean banking assets, even as it became clear it had
      536 words
    • 517 2  -  SingTel running technical trials on new devices By Raju Chellam [SINGAPORE] A littleknown Singapore company unveiled what it claims is the world's first universal mobile operating system at the 3GSM 2004 exposition in Cannes, France, yesterday. The company is called Radixs
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  • Page 2 Advertisements
    • 59 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 TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:
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  • Page 3 Advertisements
    • 104 3 f 31 j I tl it ■Mk «r -^ai —ra.- .»■>■ -Tpiv ■<* «f.««rJB *T The Airbus A 340. The only way to fly direct from New York to Singapore. New York to Singapore, London to Perth or Dubai to Auckland with no stopping, no delays and no hassle. No
      104 words

  • ASIAN aerospace
    • 555 4  -  Aviation meet debates key growth issues, reports Donald Urquhart Donald Urquhart CLOSER cooperation and dialogue between airlines, their partners and governments was the key message from speakers at yesterday's International Air Transport Association (lata)/Asian Aerospace Conference. Kicking off the conference, lata di-rector-general and CEO
      STEPHANIE YEOW/ST  -  555 words
    • 490 4  -  Northrop CEO sees greater emphasis on network-centric warfare systems By Daniel Buenos THE future of warfare may very well lie in the hands or perhaps one should say the wings of unmanned aerial drones, which are taking centre stage in the Asian Aerospace 2004 airshow now
      BLOOMBERG FILE PHOTO  -  490 words
  • Page 4 Advertisements
    • 78 4 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
      78 words
    • 74 4 i^> Iswiffe**• rtSiF~"'~ r In the most prestigious residential area of Phuket, North Patong, is developing 27 upper range luxury villas and 4 high end exceptional ones. On Feb. 27, 2004 Knight Frank and °Ci&\,<AicLe.e, &Qe,UcLe*y,c.e. a is presenting its initial offering of exclusive Villas in Phuket. Be one of
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  • Page 5 Advertisements
    • 530 5 THE NEW LS43O. IN OUR QUEST FOR SILENCE, WE HONED THE PRECISION OF ITS 6-SPEED TRANSMISSION TO JUST 4 MICRONS. EHBff'. r BMBIB i tki mb is a registered trademark of Toyota Motor Corporation. courtesy some a human strand averages air resistance. ■SB^^SMKniS^^l 60 microns, the precision But apparently even
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  • 806 6 Transaction date: Feb 23 m a—»i wwtww m a— awn Allgreen 50c 0.38 1.120 +0.010 NatSteel 50c 0.40 2.410 -0.050 Capitatand 132 1.740 +0.010 OCBC 818 12.300 -0.100 Chart SermCond 26c 1J7 1.710 -0.010 OU£ 0.43 6.800 +0.050 DtyCXvSOc 223 6.750 -0.100 Parkway M 25c 0.47 1.030 +0.020 ComfortCXgro
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  • 672 6 BONDS WARRANTS I"' Last Vol Com Eur 'Use &«r Co* S»h -HK COOO) lutto Mo In Lift 3698 AST1W*****1 MS 0.5 469 1 16 -5 1.39 4 3697 Acma Ltd W*****6 AS 1 50 432 19.00 9 3602 Amtek W*****0 110 1 33 -3 1 34 16 3603 Armstrong W*****0
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  • Page 6 Advertisements
    • 198 6 Yes! f want to subscribe to one year of The Business Times and Forbes at only $298, and have a CYC 100% Cotton Wrinkle-Free Shirt tailor-made for me (total value including gifts UP: $509). Name: (Mr/Ms/Mdm) NRIC No.: Occupation: Address: Postal Code: Contact Nos.: (H) (O) (Hp) Email: Are you
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  • SINGAPORE companies
    • 568 6  -  They cite UOB's better than expected results, DBS' expensive valuation By Slow Li Sen, Joyce Koh FRESH from the release of full-year results by the two largest banks here on Friday, investors yesterday sold down DBS Group and turned their attention
      Source: Bloomberg  -  568 words
    • 417 6  -  By Vince Chong THE partnership was regarded as a threat to the local property consultancy business when it was first established two years ago. And so this sector breathed a sigh of relief when it was announced yesterday that Premas International's
      417 words
    • 686 6  -  HOCK lock siew r sivanithy LIKE a giant awakening from a deep slumber, the Malaysian stock market is now stirring. The Kuala Lumpur Stock Exchange Composite Index is up 8.6 per cent for the year, the Second Board Index has recently
      686 words
    • 329 7  -  Profit fall due mainly to loss in rental income from divestment of Ngee Ann City stake By Andrea Tan AS a result of the divestment of its 27 per cent interest in Ngee Ann City, Metro Holdings saw an almost one-third year-on-year fall in net
      329 words
    • COMPANY Briefs
      • 64 7 INSTITUTIONAL and private investors have subscribed for ten times the 40.7 million new Ascendas Real Estate Investment Trust units available under private placement. Shares from the preferential and ATM tranches are still up for application till Feb 26. Citigroup Global Markets Singapore, DBS Bank and
        64 words
      • 78 7 JAYA Holdings Limited yesterday said that net profit for the second quarter for the current financial year ending June 30,2004, rose 76 per cent to $10 million from $5.7 million in the second quarter in 2003. This brought first half earnings to $24.3 million,
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      • 78 7 MAINBOARD-LISTED Trek 2000 International, an engineering solutions provider, yesterday reported a 25.86 per cent fall in net profit to $5.1 million for its year ended Dec 31,2003, compared with $6.8 million previously. Revenues rose 15.98 per cent to $125.4 million from $108 million. The
        78 words
      • 70 7 CONTAINER services provider Eng Kong Holdings yesterday posted a 124 per cent increase in its after-tax profits to $4.13 million for its half-year ended Dec 31,2003. The jump was attributed mainly to gains from investment in quoted securities. Gross profit fell 6 per
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      • 132 7 SESDAQ-LISTED ceramic and marble tile supplier NH Ceramics yesterday posted a $931,000 loss for its half-year ended Dec 31,2003, compared to a $497,000 net loss during the previous corresponding period. Revenues for the company fell to $9.6 million from $12.5 million, while loss per share
        132 words
      • 95 7 MAINBOARD-LISTED K1 Ventures yesterday reported an $8.7 million net profit for its half year ended Dec 31,2003. This is a 23 per cent increase over the same period last year. Turnover for the company jumped 180.7 per cent to $105 million from $37.4 million
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      • 114 7 ARMSTRONG Industrial Corporation, which manufactures and sells precision die-cut foam and sponge products, moulded rubber and metal products, yesterday reported a 198 per cent rise in net profit to $4.2 million for its year ended Dec 31,2003. Revenue rose 13 per cent to $94 million
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      • 72 7 SESDAQ-LISTED Interra Resources, formerly known as Van der Horst Limited, yesterday announced that Purnardi Djojosudirdjo has resigned as an executive of the company and has been appointed as non-executive chairman. The company said that Mr Djojosudirdjo resigned in order to remain a member of the
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    • 306 7  -  By Tang Weng Fai SESDAQ-LISTED networking integrator DMX Technologies looks like it will make good its promise to stakeholders two years ago to maintain its projected Ebitda growth of 30-35 per cent. It will spend US$3-4 million this year to acquire
      306 words
    • 315 7  -  By Kenneth Lim SINOMEM Technology, Singapore's first Chinabased water play, said yesterday its net profit rose 33 per cent last year as it completed more pharmaceutical projects. Mainboard-listed Sinomem, a specialist in membrane technology, said net earnings for the three months ended Dec
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    • 572 10  -  Results fall short of analysts' forecasts as revenue declines 40% to $364 m By Kalpana Rashiwala ROBERT Kuok's Allgreen Properties yesterday posted a worse-than-expected 23.6 per cent drop in full-year group net profit to $64.3 million on the back of a nearly 40 per
      572 words
    • 223 10  -  By Taila Krishnakumar INDONESIAN-LINKED food group QAF Limited was spared the red ink for the year ended December 2003 thanks to an exceptional gain of $36.7 million from divestments which included the sale of its stake in supermarket chain Shop N Save. Full-year loss
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    • 276 10  -  By Kenneth Lim NOT content with a 28.9 per cent rise in net profit for the year ended Dec 31,2003, precision plastic injection moulder Juken Technology said it is eyeing potentially lucrative business from a European car maker. Juken, which was
      276 words

  • Page 7 Advertisements
    • 72 7 I HDB Hub Toa Payoh I i-1 Office For Lease 1 §§m I Floor areas of 1 §S3 r I 3,000 sqf onwards I §s3 1 High low floors Issn?" Raised flooring H I ?S Immediate occupation In Attractive rental HJ9i package 1 Knight f* Knight Frank Pte Ltd CoHiers
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    • 217 7 fIII I I I I' I I w U mmtr Jr M 1 I w I' I I 13 K tl I df m X. 1 IJB I \-I I jr Sfli/'' w9Bi! I j TE" |p "'j| j q£BfP' h w Vie -jXt i W jfl gMB| ~*t SC
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  • SINGAPORE markets
    • Article, Illustration
      512 8  -  by VEN SREENIVASAN DBS Group Feb 23 closing: $15^0 FYO3 underlying profits were 4 per cent lower y-o-y due in part to higher amortisation of goodwill charges and accounting changes. Non-interest income remained a key strength for the group and is likely to remain consistent. Strong growth in
      Source: Bloomberg  -  512 words
    • 297 8  -  HOT STOCK WARRANT By Ven Sreenivasan PLASTIC injection moulded parts specialist Meiban Group was one of the top gainers percentage-wise yesterday as it surged 13 cents or 9 per cent to a record $1.61. The rise caps a remarkable 12 months during which it
      Source: Bloomberg  -  297 words
    • 482 8  -  BT comment STOCKS teh hooi ling THE Singapore market stayed stuck in a trading zone yesterday, with no impetus to steer it one way or the other. "Players are very much buying on weakness and selling on strength," said a dealer. "They're
      Source: Bloomberg  -  482 words
    • 612 8  -  BT comment CURRENCIES 110 yen topside could be re-tested before it falls anew larry wee THE US dollar delivered another explosive upside move over the weekend, even though few are willing to make the call that it has seen its worst levels based just
      Source: Reuters  -  612 words
    • TRADES TO WATCH
      • 130 8 LOGISTICS company GKE International said it plans to place out 16 million new shares to Malaysian businessman Am in Shah Omar Shah, whose flagship company is Malaysia-listed PSC Industries, through his private investment vehicle Lymington Consultants. Mr Amin Shah will subscribe to the
        130 words
      • 138 8 CANYON Gate Investments, a key shareholder of Interra Resources, saw its deemed stake in the oil and gas company pared to 7.53 per cent from 8.21 per cent last Friday in an open-market sale of six million shares at an undisclosed sum. The sale
        138 words
      • 81 8  -  Compiled by KENNETH LIM METAL Component Engineering substantial shareholder and co-founder Chiu Choon Piah pared his stake in the metal stamper to 6.74 per cent from 9.41 per cent by selling three million shares on the open market last Friday for an undisclosed sum. Mr
        81 words
    • Article, Illustration
      426 8 OTHER SINGAPORE INDICES Feb 23 VALUE CLOSE BT06/0S -207.00 -103.00 BTCAM -*****.00 +6.00 BT 10-dayMA -*****.00 -21.00 All-SG Equities 511.84 -0.95 SG Equities Elect 187.62 -0.38 SG Equities Fin 1578.62 -0.30 SG Equities Prop 474.84 -1.15 SJMSCI 229.66 -0.72 SiMSCI Futures 229.70 -1.60 Stocks Volume Wee Poh 0.5c 125,754,000 Midas
      426 words

  • SMALL caps
    • 758 9  -  Despite its recent price slide, the firm's well-diversified portfolio and China prospects ensure that it remains well liked, says KENNETH LIM KENNETH LIM FOR the pessimists among us, the recent ambivalence in the broader stock market and concern about oversupply in the
      758 words
    • 407 9  -  By Teh Hooi Ling OUR small-cap portfolio has performed in line with the market, almost matching the UOB Sesdaq Index's and STl's 1.1 per cent and 1.2 per cent gains respectively. The best performer in the last five trading sessions to yesterday was Meiban.
      407 words
  • Page 9 Advertisements
    • 118 9 < m Singapore's Most 4 Established \< UK MBA Programme I find the Leicester programme very flexible. I can continue the course although I have to go for overseas work assignments. I would highly recommend this course to any executives who have high work commitments but still want to upgrade
      118 words

  • Article, Illustration
    1097 10 Transaction date:Feb 23 ptterbawk cross rates AS C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pafc Rs Peso S$ Rand Sfr WT$ B«m Pound US$ Australia 1.034 6.412 0.616 6.008 34.986 ***** 0.836 9.115 2.936 1.130 44.281 43.458 13ft 5.219 0.971 25.725 30.334 0.416 0.773 Canada
    1,097 words
  • 1602 10 SICOM FUTURES Feb 23 RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Volume Open Month j#gh Low Sett (tonnes) Interest Mar 04 I 223.25 Apr 04 227.00 May 04 229.25 Jun 04 230.50 Jul/Sep 04 232.25 Oct/Dec 04 234.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
    1,602 words

  • SINGAPORE news
    • 347 11  -  EYE on the economy cpi By Chen Huifen THE Consumer Price Index went up 1.3 per cent year on year in January fuelled by the one percentage point increase in the Goods and Services Tax (GST) and the Chinese New Year holiday.
      Source: DOS  -  347 words
    • 425 11  -  Govt support seen to attract assets into private pension plans By Genevieve Cua POTENTIALLY knotty issues surrounding the proposed privately managed pension plans (PPPs) under the CPF scheme got an airing at a roundtable session yesterday attended by more than 80 people. The
      425 words
    • 397 11 MERRILL LYNCH will use Singapore as a hub to tap into the fast-growing Asian wealth management market. The group yesterday signalled its commitment to private banking in the region by opening a Merrill Lynch Bank (Suisse) representative office here. The move
      397 words
    • 261 11  -  By Raju Chellam IN a bid to boost increased uptake of high-speed wireless devices, the government has allocated dedicated spectrum bands for trials and commercial deployment of wireless broadband. The Infocomm Development Authority of Singapore (IDA) said it will dedicate the 2.3 GHz and
      261 words
    • 263 11  -  By Vince Chong HOI Hup Holdings' 204-unit De Royale project in the Balestier area has emerged as the best-selling project so far this year, after moving 140 homes within two weeks of release. The Jalan Rama Rama freehold development had
      263 words
  • Page 11 Advertisements
    • 118 11 iX- r---' t g&SM^^SI^W' .^«lH^H^m^^H^H^^^^H^^H^H^Bm^HHßHHHH3 !*.£>!./■* ppp aFW^^^■SaMB^^MHHIMIBI^B^H^BWHi __^——M—WMB 7~~ *fW, 'tfrr* i•■» £#*.<** 4 y^i-'*k¥ s r-' m ,,i,1„ a ,11 fIMMHUHMMHHHHHi |MM^HHQi^V^^H| jMPlfc mF i ff: I p -^^k, 1' l m wiHHnI /m #1 f f 1 P V i m. #mI J If I I M
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  • FOCUS property
    • 483 12  -  BT exclusive It invites consultants to tap park's tourism, revenue potential, Kalpana Rashiwala reports Kalpana Rashiwala THE National Parks Board (NParks) is inviting proposals for a physical and business master plan for the historic Fort Canning Park. It recently called for a tender asking
      ARTHUR LEE  -  483 words
  • Page 12 Advertisements
    • 447 12 An Investment That Grows I Freehold is an Quality factory attractive form of such affordable price. H| jlntai FREEHOLD BRAND NEW AFFORDABLE Value does not depreciate over time unlike a leasehold property 7 llal I ■An appreciating asset y |Kni A m KL Shorl rr i. j Q WP>»:« PFy«Bsr-i
      447 words
    • 250 12 2 Jalan Anak Bukit, opposite Bukit Timah Plaza jr\ SITE <r Site area 3,070.2 sq.m. (approx.) Lots 1186 C 2231 L MUKIMI6 999-year tenure Duneam Road Bukitr.mah Road Zoned Residential t under 2003 Master Plan irJS§2. I Permissible Gross Plot Ratio of 1.4 wytwwt o J 1 Potential to amalgamate
      250 words
    • 110 12 Mortgagee Sale By Tender Strata Car Parks At Chinatown Within People's Park Complex Approximately 168 lots (estimated) Strata Floor Area: 4,666 sq.m. approx. 99 years from 25 March 1968 Easily accessible via lifts Tender Closing: 17 March 2004, Wednesday, 3pm FACTORY AT JURONG FOR SALE A purpose-built part single storey
      110 words

  • REGIONAL news
    • 309 13 TAIPEI New rules that may cover banks too expected in weeks Reuters TAIWAN will unveil in a few weeks new rules allowing companies from China to invest in the island, possibly including banks, Taipei's top mainland policymaker said yesterday. The move can strengthen
      Reuters  -  309 words
    • 294 13 Reuters AFP [BANGKOK] Billionaire Thai Prime Minister Thaksin Shinawatra is eyeing a bid for English premier league club Liverpool after Fulham spurned his advances last year, an adviser said yesterday. "I believe the prime minister already had his aides checking Liverpool's financial position in the
      Reuters; AFP; REUTERS  -  294 words
    • 434 13 SYDNEY Report says Aussie telco is considering paying A$3b for Excelcomindo AFP AUSTRALIAN telecommunications giant Telstra Corp is negotiating the purchase of Indonesia's third largest mobile phone group, Excelcomindo Pratama, it was reported yesterday. The Australian newspaper said Telstra was considering spending
      AFP  -  434 words
  • Page 13 Advertisements
    • 194 13 asm-pacific EXECUTIVE MBA Top ranked as a fully Asian Executive MBA program by Chief Executive China (2002) Opportunity to a executives the with a focus of doing business in Asia Optimal f disruption to your career P*! 18-month program 2-week residential segments Two residential segments held 'jKTI% partially ifi #|s|%
      194 words
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      80 words
    • 2533 13 advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg ALLGREEN PROPERTIES LIMITED (Incorporated In the Republic of Singapore) The Board of Directors wishes to announce the following unaudited results of the Group for the year ended 31 December 2003: 1 CONSOLIDATED INCOME STATEMENT FOR 2MB 2M2 THE YEAR ENDED 31 DECEMBER:
      2,533 words

  • SIA morale
    • 760 14 In late November last year, SlA's pilot union Alpa-S sacked its entire executive committee, saying it was too soft with SIA management in how wage deals were cut after SIA posted a $306 million quarterly profit. In response, many ministers, including Senior Minister Lee
      760 words
    • 1490 14 Attachment to brief for SM FOR the Senior Minister's information, we have compiled below a number of incidences over the past two years or so, which we feel had led to the deterioration of staff morale. L The Sars pay cut Alpa-S had right from
      1,490 words
    • 1688 14  -  Lee Kuan Yew Feb 9 2004 Dear Mr Mok Hin Choon, Thank you for your letter on Jan 16 and the attached briefs concerning Alpa-S. I welcome your positive approach to the problems facing the airline and this in spite of what you
      ST FILE PHOTO  -  1,688 words

  • REGIONAL news
    • 443 15 HONG KONG Lack of clarity about tax, lengthy licensing processes driving hedge fund start-ups to S'pore FUND managers and their advisers will this week ask the Hong Kong government to rethink legislation on the exemption of offshore funds from profits tax
      443 words
    • 562 15  -  Housing demand is so strong that developers don't need agents to sell From Jeff Wagner in Hong Kong HONG KONG property developers, increasingly confident in their own ability to sell into a buoyant, residential market, have slashed commissions to real estate agents,
      REUTERS  -  562 words
    • 209 15 HONG KONG Reuters CHINA'S largest chip maker, SMIC, began marketing an IPO yesterday expected to raise up to US$l.59 billion from investors keen to boost their exposure to the booming economy. Existing investors in SMIC include Hong Konglisted Shanghai Industrial Holdings Ltd,
      Reuters  -  209 words
  • 42 15 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk; Low to Medium Risk: Medium to High Risk;** Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day
    42 words
  • Page 15 Advertisements
    • 289 15 Where to wine, dine and entertain... a World of fadusfw Privileges Treats Ij>k Jj W mm Fl^^^nSrl J 1 *r JA wm vSl^vii^fl "Htobk. Advertise in Wine, Dine &i Entertain of Hie Business Times and reach out to 100,000 readers daily. Contact Patrick Angat 6319 1284 HHBNfIH w "s RSHfli
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    • 43 15 P THE NEPTUNE T coimi au a y AT THE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 6224 3203 (28b) COMTOmt Managed by Meritus Mandarin Singapore 7th Floor, Overseas Union House, Collyer Quay Singapore *****1 Tel: +65 6223 4185
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  • WORLD news
    • 557 16  -  From Anthony Rowley in Tokyo THE Japanese economy received dramatically good news on two fronts yesterday on reports that exports leaped almost five-fold in January compared with a year earlier, and as the yen fell back to its lowest
      557 words
    • 902 16 NEW YORK Court cases reveal outrageous reimbursements to top US bosses NYT HAIRCUTS. Shower curtains. Parking reimbursements. Country club memberships. Use of corporate jets. Recent criminal and civil court cases involving top executives have brought to the fore an open secret
      NYT  -  902 words
    • 650 17 ATLANTA Board members Buffett, Allen and Keough seen deciding next Coke leader LAT-WP IF you want to know who really runs Coca-Cola, don't look to the big tower on North Avenue. Instead, look to Omaha, New York or Atlanta's north-west. There you'll find three of Coke's
      LAT-WP; BLOOMBERG  -  650 words
  • 6 16 Transaction date: Feb 23
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  • Page 16 Advertisements
    • 131 16 Wiredßed e/pop® Web Conferencing Software helps you save time and prevent delays, lower travel costs, and avoid potential travel threats. It enables your corporation to be more responsive to customers and changing market forces. ft?/* /tyu&r-o/ffice' tfo/forat/o/rf Presenter f nHP 'W&jaSß I EMPLOYEE at ,j- CUSTOMER M worii afit CUSTOMER
      131 words

  • 6 17 Transaction date: Feb 23
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  • Page 17 Miscellaneous
    • 223 17 CRYPTIC CROSSWORD 18 Supporter took in ambassa--27 Boats that move on the double? (10) 28 Fluctuation in main water supply (4) example, to journalist (7) YESTERDAYS SOLUTION 29 Good old gongs wanted by Shot ou w ien a taped Across: 1 Tiddlywinks, 9 Set athletes (4,6) broadcast (10) ui/o^v square,
      223 words

  • FOCUS eneterprise
    • 1208 18  -  As part of its resolve to become an international player, Chettiar's education group is venturing abroad and planning a public listing next year, says Taila Krishnakumar Taila Krishnakumar LIFE is not linear. Sometimes you don't even know when you are two steps away from gaining a
      ARTHUR LEE  -  1,208 words
  • Page 18 Advertisements
    • 32 18 m LATES 1 .is* v i > I I gj V ||Prj I ____j__^■'. I ----^^^HIHIII^^MBi^-""'' '.-JM—ai S vR 1 i JH 1H l jiHHnni s&iyn&iaH h HP*** B Wmrrn-rnimimmMnMMmm RR^jziJ BlHßßßßßßffHtfMii^^m».~B 4
      32 words

  • SHIPPING TIMES
    • 627 19  -  Speed up development of terminals, Maersk Sealand exec urges By Beth Jinks [SINGAPORE] India's trade growth could be stymied by inadequate port infrastructure and notorious bureaucratic delays in terminal privatisation, the Asia head of Maersk Sealand has warned. "In India, obviously what we
      FILE PHOTO  -  627 words
    • 220 19  -  By Beth Jinks [SINGAPORE] Malaysia's busiest port, Klang, is expected to make it to the list of the world's top 10 container ports this year, the country's transport minister has predicted. Chan Kong Choy told Malaysian media he was "optimistic"
      FILE PHOTO  -  220 words
    • 250 19 [SINGAPORE] Singapore's port, marine and offshore sectors can now apply for a slice of the Maritime and Port Authority of Singapore's (MPA) $50 million training and skills upgrading fund. Industry feedback prompted MPA to expand the scope of its Maritime
      250 words
    • 300 19 SGX 000 Ob 23 St Vol CH Offshore .0.37 -0.01 1331 Chuan Hup .0.52 unch 1280 Cosco Investment 0.88 -0.01 3891 CWT Distribution 0.56 unch 14 Ezra Hldgs 1.21 0.01 460 Freight Unks .0.14 0.01 606 GB Holdings .0.71 -0.01 1 Java Holdings 0 84 -0 04 6966
      300 words
    • AIRBUS production
      • 889 20 European aircraft maker looking to achieve more balance between its revenues, which are mostly in dollars, and its costs, about half of which are in euros Reuters [PARIS] AIRBUS planes are about to get a little more American. Threatened by the US
        Reuters; AFP  -  889 words
    • 3 20
      3 words
    • 3 24 thebusinesstimes
      3 words
    • SHIPS IN PORT
      • 516 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ATLANTIS 7 A7184 J3 A/SIDE 24/02 0630 BAYSWATER228 E4052 J3 A/SIDE 24/02 0230 CMAPUMA AX003S J18/19 A/SIDE 24/02 0230 FUATBEY 01/2004 J10/11 A/SIDE 24/02 1100 LABROY 159 EBLS03 J4/5 A/SIDE 24/02 1600 WINSTAR 7 23B4W J2 A/SIDE 24/02 0300
        516 words
      • 2 25
        2 words
      • 149 25 Marl South Korea: Independ Day. Mar 21 Japan: Vernal Equinox Day. Apr 4 HK: Ching M Fest. South Korea: Arbor Day. Taiwan: Ching M Fest. Apr 6 Thailand: Chakri Memorial Day Apr 8 Norway: Maundy Thursday. Philippines: Maundy Thursday. Sweden: Maundy Thursday. Apr 0 Sweden: Good Friday. Singapore:
        149 words
      • 781 25 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
        781 words
      • 84 25 U/F unfilterable This report is based on samples analysed by DMV Petroleum Sarvices and is an abstract from their more detailed fuel quality statistics which is mailed to participating shipowners. Key bunker parts have been grouped in geographical ragions for bravity. Compartsons has been made with
        84 words
    • AIR & LAND transport
      • 693 26 ASIAN AEROSPACE Asian carriers are adding routes to India and China as demand rises Bloomberg [SINGAPORE] Airbus SAS and Boeing Co, the world's largest planemakers, are betting a surge in Asian travel will revive their order books at this week's Asian Aerospace
        Bloomberg; FILE PHOTOS  -  693 words
      • 220 26 Reuters [LONDON] Richard Branson's Virgin Group is in talks with an executive of US carrier Delta Air Lines about heading up its planned US low-fares unit, the Financial Times reported on Monday without citing its sources. The executive is Fred Reid, Delta's president and
        Reuters  -  220 words
      • 370 26 Upgrades planned as full-year forecast seen exceeding NZ$90m Bloomberg [WELLINGTON] Auckland International Airport Ltd, New Zealand's busiest, said first-half profit rose 14 per cent as a record number of passengers swelled sales. Net income in the six months ended Dec 31 rose
        Bloomberg  -  370 words
      • LOG Book
        • 84 26 Bloomberg [SINGAPORE] Dragonair, which flies between China and its base in Hong Kong, said it plans to lease six Airbus SAS A 330-300 aircraft, expanding its fleet after Asia's business and leisure travels recovered from last year's Sars outbreak. The six aircraft, to be delivered
          Bloomberg  -  84 words
        • 78 26 Bloomberg [COLOMBO] Sri Lanka's government will seek bids from companies willing to invest US$5O million in the island's aviation fuel market following national elections in April, the country's privatisation body said. Ceypetco, the state oil and gas company, is the sole supplier of aviation
          Bloomberg  -  78 words
        • 103 26 AFP [FRANKFURT] Air Berlin, the German low-cost airline, is planning to order between 60 and 70 new aircraft from jet makers Airbus or Boeing and would take a decision by the summer at the earliest, the company's chairman Joachim Hunold said.
          AFP  -  103 words
      • 391 26  -  It bets on big events to draw tourists to Persian Gulf By Beth Jinks [SINGAPORE] Gulf Air is targeting 17 per cent passenger growth in 2004 and plans to capitalise on events such as the Formula One Grand Prix debut in Bahrain
        391 words
      • 312 26 Reuters [NEW DELHI] The privatisation of two of India's biggest airports will not be delayed by national elections and is expected to be completed by the end of August, the civil aviation minister said yesterday. But government approval for
        Reuters  -  312 words
      • 99 26 Xinhua [HONG KONG] Director-general of Civil Aviation Albert Lam would participate in a high-level meeting with his counterparts in the Chinese mainland and Macau to map out the future Air Traffic Management (ATM) Plan in the Pearl River Delta (PRD) area
        Xinhua  -  99 words
      • 422 26 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
        422 words
  • Page 19 Advertisements
    • 10 19 Airbus planes get more American as US$ falls PAGE 2
      10 words
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      582 words

  • Page 20 Advertisements
    • 648 20 IMPORT R NORfHAMERICA IDI AUSTRALIA/NEW ZEALAND I 'l r W i M i II II SUPER SHUTTLE EXPRESS (88X) [AUSTRALIA ASIA EXPRESS (AAX) VESSEL VOY LGR SIN PKG P""! PIO neduoydKOWLOON 55 w 52L-J5 5!? J!L_ PtO NEDUOYD STUYVISANT 22W07 8/02 07/03 09/03 6 14/02 16/02 ,#/M 20/02 24/02 M/W
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    • 506 20 lines services represented by n(| Members of tbe Registry of |(P| Accredited Shipping Agents, Lo 9' St Singapore Shipping Association ssocl lon g ULY LINE MALE /vESSEI VOY ETA ETA HA A P. KLANO SPORE MALE Singapore Bay 52E09 25/02 06/03 Maid Carrier 745 01/03 04/03 12/03 Princess Lily 0203
      506 words

  • Page 21 Advertisements
    • 804 21 MOL Combines a range of shipping modes to ensure timely, reliable services covering major porlsh Norm America, Europe, Japan, Asia, Africa Oceania. Abo accept Intra-Asia Cargoes to: BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGOAO BELAWAN JAKARTA SURAIAYA KAOHSUHG lAMCKOK LAIM CHABAHC HOCHHUMH PASW GiIDAHG WHANG POUT KHAHG For Schedules, BL Searches,
      804 words
    • 803 21 80 ROBINSON RD #12-00 SALES/ BKGS TEL 6420 *****43 FAX: *****321/24 COSTAR SHIPPING PTE LTD SINGAPORE *****8 OUTWARD (B/L) 6420 5802 6238 5325/75 CR NO. **********0 M TEL' *****900 (MAIN) INWARD (D/O) *****786 **********9 muno'cncnrj: T/SHIP DEP *****825 *****316/46 Menu nun rr, CONVENTIONAL 6420 5850 *****208 COSTAR AGENCIES (M) SDN
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    • 561 21 VESSEL VOY «P PKG HQLMIS 017N 26/2 OMIT 29/2 PERTH BRIDGE Mk ~WT M/j PAC AQUILA 403N 2/3 3/3 I 5/3 I I 1 NEW DYNAMIC 055 A 4/f~ 6/3 SATURN 4Q4N I 9/3 I 10/3 1 13/3 I-I I gWH BRIDGE 049 A U/T 13/3 *VSI catng both Worth
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  • Page 22 Advertisements
    • 1583 22 WX WAN HAI LINES V Tel: 6226 1588 Fax: *****163 I INTRODUCING:- ~Mf ..Ai 1 NEW WEEKLY EXPRESS SERVICE TO: NHAVA SHEVA 1 CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY I > *.<. v y-- v,. For more details, I call HOTLINE: 6226 1588 1800-*****00 < y
      1,583 words
    • 539 22 BSfl x ei !T=!sHsffeW*?E9 l Sl l iS l !^^^F MYANMA HH FIVE STAR LINE (Myaanar Notional Line) Loading for Yongon VESSEL VOY SIN PKL PEN PGU PAGAN 327W SU> HPA-AN 31«W 27/02 IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-2****** MBKk ACCEPTIKS CONVENTIONAL CBO VESSEL VOY
      539 words

  • Page 23 Advertisements
    • 1296 23 VESSEL VOY KHH HKO SIN PKL PXB BAB IPMM BIK CAPE FRIO PCLBO22 SKIP SKIP 19/02 20/2 28/02 29/03 05/03 07/03 SEA NAVIGATOR PCLBO24 SKIP SKIP 29/02 01/03 09/03 10/03 15/03 17/03 IRAN SATTARI PCLBO23 SKIP SKIP 03/03 04/03 13/03 14/03 19/03 21/03 CAPE FRIO PC***** SKIP SKIP 09/03 10/03
      1,296 words
    • 692 23 A k UK CONTINENT SERVICE Loading for GREVENO RTM/ATW/BMN/UK/NAN PANORMOS PRIDE RTM/ATW/BMN/UK/NAN Loads Singapore. E7W. Malaysia. Indonesia MIDDLE-EAST SERVICE" Loading for J SAFE HDD/JDH/AQA TINA II DBI/ABU/DOH/BRN/DMM/KWT P LAMER 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
      692 words
    • 740 23 -Yiiiil m IUL VESSCI —XQI SHI JKI wianpa um n/02 guML mi urn urn— W»*ND* 1149N 21/02 M— IUiMTI 7 UU 22M 24/02 PACRANDA nSON 23/02 23/ M— jUIII PIMI 26/02 21/02 pac; PAUPA HUM 21/22 24/22— LMmU MS OT/O? __Q2/03— P*C»AMDA HS2H is/02 24/o2_ PAC »ANPA nSSN 26/02 27/02
      740 words


  • Page 25 Miscellaneous
    • 116 25 f f Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols v 7 Showers O Full circle w/o line indicates calm or light and variable winds Rain One half fleche represents 5 knots Cloudy Day 'One full fleche represents 10 knots x Hazy A -One solid triangle represents 50
      116 words


  • ASIAN AEROSPACE 2004
    • 189 27  -  George Joseph The civil aviation industry starts the new century of aviation embattled by crisis. This requires some fixing, and indications are that Asian nations are prepared to look at what needs to be done. The military sector, meanwhile, moves into a replacement phase with
      189 words
    • 1136 28  -  The commercial aviation arena is heating up with the entry of Boeing B7E7 and Airbus A380 which will not just determine the giants' future growth but also affect airlines' efficiency and passenger expectations. DONALD URQUHART has the details DONALD URQUHART THE battle for commercial air supremacy is
      BLOOMBERG; FILE PHOTO  -  1,136 words
    • 832 28  -  By LAN THOMAS THE rapid emergence of low cost airlines as a significant force in the AsiaPacific will be a catalyst for a "regulatory revolution", leading to expansive liberalisation over the next three years. And as the low cost phenomenon penetrates further into
      832 words
    • 698 28  -  By DONALD URQUHART BRAZILIAN jet maker Embraer sees a market of nearly 500 planes in the 60-110 seat range for Asia in the next 20 years as industry liberalisation, low cost carriers and ongoing economic development continue to change the face of commercial aviation here. While the
      FILE PHOTO  -  698 words
    • 995 32  -  Three shortlisted combat planes will be vying for the Singapore Air Force's favour and with technology transfer being a key issue, it's anyone's guess whether F-15, Eurofighter Typhoon or Rafale will emerge the winner, DONALD URQUHART reports DONALD URQUHART BY the time the US$l billion
      FILE PHOTOS; EADS  -  995 words
    • 479 32  -  George Joseph WHEN a Singapore Airlines A 340-500 took off on the longest non-stop commercial flight in aviation history earlier this month, it was four Rolls-Royce engines that powered it into the record books. Trent 500 engines from Rolls Royce kept the new long-range Airbus
      479 words
    • 1013 34  -  The European Aeronautic Defence and Space Company expects to realise 20% of total earnings from the Asia-Pac region. GEORGE JOSEPH reports GEORGE JOSEPH EUROPEAN aerospace groups are looking to Asia for growth like never before. And leading that thrust into the region is the multinational European
      1,013 words
    • 1169 36  -  The Asia-Pac air charter business may be small compared to US and Europe but regional demand has fuelled rapid growth, VEN SREENIVASAN reports VEN SREENIVASAN A BOEING 747 cruising at 30,000 feet on a longhaul flight between Auckland and Geneva. On board, lots of noise, booze
      ARTHUR LEE  -  1,169 words
    • 768 36  -  By JOHN BAILEY SOCIETY'S expectations of how companies should respond to human tragedy has evolved rapidly in recent years, and the standards against which they are judged are becoming ever more demanding. The airline industry has learned this the hard way. A number of major
      768 words
  • Page 27 Advertisements
    • 128 27 Editor: George Joseph Coordinator: Donald Urquhart Sub-editor: Wong Hiew Peng Artists: Gareth Chung (cover design). Ben Cruz Photographer: Arthur Lee v ISIMM 4 i: i r,/- -v <-v\;> Rolls-Royce is perhaps best known in the world of civil this market are now having an increasingly significant service, delivering reliable, innovative
      128 words



  • Page 30/31 Advertisements
    • 2237 30/31 IN an unprecedented move, BAE SYSTEMS ACfOSpfICC 2004 Avionics Group will exhibit Its Mi-172 Cockpit |L« I!T.Jmf m T JT ~jm I g May i -*3 1&; Demonstrator in its new livery colours at V 9 g L. r ~j 3 p m m m. T this week's Asian Aerospace
      2,237 words


  • Page 33 Advertisements
    • 115 33 THE POWER OF TEAMWORK Success is a team effort. Snecma's people, suppliers and partners put this principle into action every day. To deliver products and services that power you to new heights of performance. You and us, worldwide. Xait 'v i X r ."V r y I > v v.-
      115 words

  • Page 34 Advertisements
    • 136 34 I TAKE OFF WITH I B the right executive decision B I AIRCRAFT I I CHARTER.. I Your plane, your schedule, your terms I a 2j(3^^''Jß' m MLjiia H I man fiw Mill r ifl-HMfl > H > j4 -SVIiiiUB fJii-M H H flHlah ># >IPK] I/ H H jIH
      136 words
    • 52 34 Congratulations to SIA Engineering Company on its Inauguration Ceremony for Construction of Hangars 4 5 Messier Services Asia supporting the region s aircraft, landing gear, component accessor ies A swm i mHk. V If t J2 k f i f 'la e M f»/ E M, 1 (I^l Messier Services
      52 words

  • Page 35 Advertisements
    • 121 35 Partnerships make a world of difference. nfHi. 4^~ ir mm Bw®r g> x.. 1 m "*'~L— 1 V. /u In a world that continues to change dramatically, governments increasingly seek to accomplish their most important goals by calling upon industry partnerships involving advanced technology companies from around the world. Lockheed
      121 words

  • Page 36 Advertisements
    • 371 36 With increased global competition, businesses need shorter product design cycles shorter manufacturing lead times, new and improved manufacturing processes, new materials development and applications innovative products, skilled labour and improved access to markets. Join us for an afternoon to discover how the advanced technologies companies in the British Midlands ensure
      371 words
    • 171 36 new in the supply chain Exel the world leader in supply chain management helps manufacturers h and retailers achieve competitive advantage and manage change by improving V the flow of materials, information and products across the supply chain. Leveraging global resources, advanced technologies and industry-focused expertise, our H solutions are
      171 words