The Business Times, 26 February 2004

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 024/03/2003 85<5 SINGAPORE Internet: http://business-times.asial .com.sg THURSDAY, FEBRUARY 26, 2004
    15 words
  • 433 1  -  Move part of ongoing efforts toward full disclosure-based regime By R Sivanithy [SINGAPORE] The Singapore Exchange (SGX) yesterday announced the latest step in its move towards a fully disclosure-based regulatory regime in the local capital market a riskbased approach in its processing and
    433 words
  • 74 1 STI 1,868.28 (-10.13) ST INDEX FUTURES 1,872.00 (-11.00) SIMSCI 227.73 (-1.29) SIMSCI FUTURES 228.20 (-1.00) Wednesday Change KLSECOMP 872.(0 -179 NIKKEI 225 10,658.73 +14.60 HA.N(i SENG 13,599.47 -156.94 SET INDEX 704.65 -15.63 JAKARTA COMP 777.05 -3.70 MANILA COMP Cktswl TAIPEI WPI .6,***** >55.05 SEOl LCOMP 866.87 +218 SHENZHEN B
    74 words
  • 78 1 FOREX RATES US$ S$ USS (SS per CSS) 1 69(1 4L(I SS/SS |>»T V) 1.893 3.199 EIJRO(l;SS/SS/E). 1.268 2.144 YEN 108.3 64.10 RM 3.8110 2.248 HKS 7.779 4.602 BAHT 39.17 2:118 Rl'PIAH 8,444 4,996 RENMINBI 8.299 4.910 INDIAN RUPEE 45.26 26.78 AS 1.280 0.757 NZS 1.444 0.854 PRIME RATES
    78 words
  • 617 1  -  It wants to be somewhere between budget and premium By Ven Sreenivasan [SINGAPORE] VaiuAir will be modelled after US discount airline Jetßlue, and not the budget carrier model made famous by Europe's Ryanair. Speaking to the media after inking a deal to lease
    617 words
  • 131 1 IT WAS a funeral fit for a king. Many turned up to bid goodbye yesterday to one of Singapore's richest men. Along the very upmarket Belmont Road, a long stretch of fancy cars lined the street for banking and hotel tycoon Khoo Teck Puat's funeral. Mr
    Photo: ALBERT SIM/ST  -  131 words
  • 687 1  -  HOCK LOCK SIEW By Teh Hooi Ling GREAT Eastern Holdings' (GEH) shareholders have been asked to decide if they want to give up 1,000 of their shares in the company in return for 976 OCBC Bank shares. Based on OCBC's closing price yesterday,
    687 words
  • Page 1 Advertisements

  • NEXT page
    • 535 2  -  S'pore investment firm interested in buying an interest in M'sian bank From Eddie Toh in Kuala Lumpur MALAYSIA is set to tweak its banking policy to open the door for Singapore investment company Temasek Holdings to acquire its maiden interest in a
      535 words
    • 537 2 Awards gain value only if IBM shares rise at least 10% NYT [NEW YORK] IBM is overhauling the way it pays its senior executives so their stock awards become valuable only if IBM shares rise by 10 per cent or
      NYT  -  537 words
    • 407 2  -  Cambodia, the Philippines likely to come on board soon By Ven Sreenivasan [SINGAPORE] In what could be a precursor to full open skies between them, Singapore, Brunei and Thailand yesterday inked a multilateral agreement to liberalise all-cargo air services between the
      ARTHUR LEE  -  407 words
    • 1083 2  -  Move is to counter Thailand's 10% rate: analysts By Loh Hui Yin [SINGAPORE] The Singapore government could offer a concessionary tax rate of 5 per cent for oil trading activities when it presents the Budget tomorrow, to counter competition from
      1,083 words
  • Page 2 Advertisements
    • 58 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: Simon ne Toh T:+6s 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg
      58 words

  • Innovation Singapore
    • 1217 3  -  Furniture-maker Design Studio, keen to debunk the notion that manufacturing is a sunset industry, is focusing on top-end niche products and an innovative workforce to propel it forward. VINCE CHONG reports VINCE CHONG THE manufacturing industry may be regarded as having seen better days, but furni-ture-maker and
      FILE PHOTO; FILE PHOTOS  -  1,217 words
  • Page 3 Advertisements
    • 95 3 Organisations committed to the Singapore Innovation Class or Kllass seek to constantly reinvent their business to better serve customers. They adopt a total approach to innovation that seeks to sustain illlil business success. More than 500 organisations are participating in the l-Class. Some 40 organisations with over T 45,000 staff
      95 words


  • Page 5 Advertisements
    • 327 5 -r *^B l kj d 'liiti m jfift. jiij iipfcte n KBiBI Hj IB L-. yig^gM^M^aß^M|»ijß|M fiiIWBPE^^I.iiMJIS egfe- kpF BNew release of high-floor units with panoramic views! INHMVHPfft9MV!WIV9WWffM9MMI^^Ht i 4 TIW Rail iTliT3cic*2fsnߧisliPl2fißCiH flay 1 fB ml sH f|H^^KHßsli]HißllMiffl|lll|TOlM£ltgi^ I WITH DEFERRED PAYMENT SCHEME I I J -I a visionary
      327 words

  • SINGAPORE markets
    • Article, Illustration
      615 6  -  Compiled by VEN SREENIVASAN Neptune Orient Lines Feb 25 dosing $2.12 NOL reported a dramatic US$759 million rebOund in net profit, driven by rate restorations averaging 20 per cent, capacity expansion of around 10 per cent and cost reductions well above the targeted US$lOO million. The balance sheet
      Source: Bloomberg  -  615 words
    • 291 6  -  HOT STOCK WARRANT By Ven Sreenivasan WHEN HTL International unveils its fullyear results today, investors will be waiting to see if the leather sofa-maker meets the $23.7 million net profit target set by its significant shareholder Morgan Stanley Dean Witter Private Equity. Going
      Source: Bloomberg  -  291 words
    • 493 6  -  BT comment STOCKS r. sivanithy THE "value exhaustion" which has crept into trading over the past fortnight was clearly apparent in yesterday's session and may well have been aggravated by negative signals from an uneasy Wall Street. With no positive guidance forthcoming from
      Source: Bloomberg  -  493 words
    • 608 6  -  BT comment CURRENCIES But it is widely believed to be supported against the yen larry wee THE US dollar's promising comeback earlier this week was short-circuited by overnight news that US consumer confidence sagged this month. The Conference Board's index recorded a sharp fall
      Source: Reuters  -  608 words
    • TRADES TO WATCH
      • 92 6 GKE International's CEO, Azam Essof Kolia, yesterday sold a total of 4.6 million shares in married deals at 17.5 cents per share, cutting his direct stake in the metal logistics and warehousing company to 5 per cent from 7.88 per cent. He
        92 words
      • 60 6 AN executive director of software and telecommunications solutions provider iSoftel, Shimoga Krishnamoorthy Rao Guruprakash, on Feb 20 sold 200,000 shares at 12 cents apiece. The open market sale trimmed his direct shareholding in the company to 1.75 per cent, or 5.7 million shares, from 1.81
        60 words
      • 69 6 AN executive director of Metal Component Engineering, Tan Hock Lye, yesterday bought 150,000 shares from the open market at an average price of 36 cents per share. The purchase raised his direct stake in the precision metal stamping group to 9.68 per cent, or 10.9
        69 words
      • 91 6 ABERDEEN Asset Management on Feb 24 cut its deemed stake in furniture retailer Courts (Singapore) to 7.88 per cent from 7.92 per cent after an open market sale of 72,000 shares. US mutual fund company Oppenheimer, meanwhile, yesterday declared a series of trades from
        91 words
      • 82 6  -  Compiled by SERENA NG THE London branch of Deutsche Bank AG has reduced its shareholding in closed-end Thai Prime Fund to 6.63 per cent from 8.17 per cent following a sale of 240,000 shares on Feb 20. The German bank also said yesterday it
        82 words
    • Article, Illustration
      143 6 OTHER SINGAPORE INDICES Feb 25 VALUE CLOSE BTOB/OS 383.00 -1.00 BTCAPi -*****.00 -43.00 BT 10-day MA -*****.00 -39.00 AK-SG Equities 506.02 -3.11 SG Equities Elect 186.15 -0.33 SG Equities Fin 1554.77 -18.42 SG Equities Prop 470.06 -0.43 SIMSCI 227.73 -1.29 SiMSCI Futures 228.20 -1.00 Clob Closing prices are in trading
      143 words

  • Page 7 Advertisements
    • 8461 7 J.P. MORGAN (S.E.A.) LIMITED 4 14 Employee Options Under the rules ot the Great Eastern Holdings Executives Share Option Scheme GEH Options are not transferable by the holders thereof In view of this restriction. OCBC Bank will not make an otter J to acquire the GEH Options (although tor the
      8,461 words

  • BLUEchips
    • 639 8  -  At 9-10 times forecast PE, the China-based meat producer is not as cheap as before and riskier now, says angela tan ANGELA TAN OOD, glorious food." So goes B the song in the musical Oliver! H j 1 But does this ring true for
      Source: Bloomberg; FILE PHOTO  -  639 words
  • Article, Illustration
    1111 8 Transaction date: Feb 25 ■■■■«<:' mmu ■llllilllHllH S* I MM MMMMM H m MMM MfflfflMW ll IIIIMMMMMiKiMW«M»«MliailWi'^iWlimMflMMIMMMMMMMMMMMMMMMtMMMiMMMMlM» DtTERBAMK CROSS RATES AS C$ gmb Euro HKS lad tts Rupiah Yen Won Ml K} Mill Pwo S$ Rand Sfr WTS Baht Pound USS Australia 1.038 6.484 0.616 6.078 35.364 65.973 0.846
    1,111 words
  • Page 8 Advertisements
    • 235 8 l THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 7 years Total Amount Allotted SGD 1,200,000,000 Amount Allotted to Non-Competitive Applications SGD 65,733,000 Of which allotted to MAS Nil Total Amount Applied SGD 2,468,743,000 Coupon Rate 3.625% p.a. Ipiiiiip Cut-off Yield Price 2.95% p.a. and on Allotment 105.018% i'? f »»i;i
      235 words

  • Page 9 Advertisements
    • 73 9 Luminor Marina 44 mm Hand-wound mechanical POLISHED STEEL PAN ERAI I www.panerai.com WHERE IDEAS COME TO LIFE. For enquiries: (65) 6734 4986 The historical and contemporary officine panerai collections can be seen at the following RETAILERS: SINGAPORE: CORTINA WATCH I R AFFLES ClTV) SINCERE FlNE WATCHES (LUCKY PLAZA Nc.ee Ann
      73 words

  • Page 10 Advertisements
    • 1703 10 CSA HOLDINGS LTD Unaudited Third Quarter Financial Statement 1(*)(I) IncQint Stitßimnl $000 Group 3 months ended 31.12.2003 31.12.2002 Revunue 121,373 125,406 Cost o f sales (79.516) <88.375) Grow profit 41,857 37,031 Other operating income 210 284 Selling, general and administrative expenses (39.547) (3? 7fi?i Profit from operations 2,520 4 533
      1,703 words

  • EXECUTIVE suite
    • 577 11  -  Reits supporters argue they can raise rents as they are able to boost tenants' business By Kalpana Rashiwala YIELD-HUNGRY real estate investment trusts (Reits) received a drubbing yesterday from retailers who feel that such landlords are too focused on extracting maximum returns. This was
      FILE PHOTOS  -  577 words
  • 46 11 UNIT TRUSTS FUNDS LEGEND: All prices are indicative except for ex Ringgit Assets; Broadly Diversified; Narowly Focused; 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
    46 words
  • Page 11 Advertisements
    • 86 11 IITI a Tj i. i Presented g Smi Diners Club Credit Card *****980 Where to wine, dine and entertain... usiYePriYi cBes&Trea s <&&& /it> I I Spring Court The Oldest J Chinese Restaurant in Singapore since 1929. 74 Anniversary Special PEKING DUCK Limited to one per table with min. order
      86 words
    • 98 11 R))|| Si dm Dm Hit bsliimt it rI• I i P.rki.y.l 60 Dishes Deluxe Feast Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: $27.80 (Adult), $17 (Child') Dinner $28.80 (Adult), $17.50 (Child*) For reservations, please call 6290 8005/6299 9011. Prices
      98 words
    • 175 11 Exclusive Freehold Residential cum Commercial Site at Serangoon Road For Sale T tal ate Are ft ZA rvfcv Plot A: Zoned Residential, Rot B: Zoned Commercial, SS Gar B n MRT For further information, > please contact A& Ms 5000 Su Un /gy y Liau Wee Boon at 6224 8181
      175 words
    • 66 11 Protecting your patent? Call 1800 289 8822 or email notkesOsph.com.sg to book your advertisement in our newspapers now 1 M E R.ITU S MANDARIN SINGAPORE Thai Street Fare 12 to 29 February 2004 Treat yourself to an exciting feast of Thai spread! Reservations: *****286 Mezzanine Cafe 6 Bar 2nd floor
      66 words

  • SINGAPORE news
    • 380 12  -  ASIAN AEROSPACE Cost to outfit its entire fleet could exceed US$40m By Daniel Buenas SINGAPORE Airlines (SIA) is in the final stages of negotiating with a Boeing business unit to have its planes fitted out with on board broadband Internet access capability,
      380 words
    • 617 12  -  PacNet leads seven telcos to route their users' roaming calls through Singapore By Raju Chellam IN a major move that puts Singapore on the world map for high-speed wireless roaming, Nasdaq-listed Pacific Internet said it is leading a group of seven key telcos to
      617 words
    • 385 12  -  ITE grads even got better starting pay last year By Chen Huifen DESPITE the poor job market, graduates from the Institute of Technical Education and four polytechnics are still much sought after, with roughly nine out of ten
      385 words
    • 395 12 EYE on the economy manufacturing Reuters SINGAPORE'S factory production is expected to expand in January from December, lifted by rising demand for electronics and pharmaceuticals, but it will be down on levels a year earlier, a Reuters poll showed yesterday. Analysts said the forward trend
      Reuters  -  395 words
  • Page 12 Advertisements
    • 338 12 |M»1 I Lianhe Zaobao I iMrtails I I Sino-S'pore I I projects I I I I 1 I Helping Create Great H i Places To Work! FIRE RESISTANT SAFE jfr. i Model AS-46SA (46KG) •4S6<W)X 350(D) X 372<H>mm ivIIHIVI With Alarm SYSTEM FURNITURE SPACE PLANNING A DESIGNING TURNKEY PROJECT P
      338 words
    • 204 12 By order of AGILENT TECHNOLOGIES Assets Located in UK, Singapore, Malaysia Thailand State of the Art Fibre Optic Component Manufacturing Plant Featuring: Semiconductor end Optical Test Measurement Equipment 2-Day Webcast Auction 2 and 3 March, 2004 10.00 am GMT each day Auction Location Whitehouse Road, Ipswich, Suffolk IPI SPB. United
      204 words

  • ASIAN aerospace
    • 451 13  -  Move is part of its Asia-Pacific expansion plans By Beth Jinks AIRBUS and Eurofighter parent European Aeronautic, Defence and Space Company (EADS) aims to open a research and technology centre in Singapore as part of its Asia-Pacific expansion ambitions a market
      AFP  -  451 words
    • 389 13  -  By Taila Krishnakumar THE sheer number of competing carriers and a tough regulatory environment could mean budget airlines in Asia will not grab as much market share as their peers in Europe and America. Nicholas Parrot, head of Aviation Finance Group Asia at
      389 words
    • 649 13  -  With US$2.3b in assets, it ranks among world's top 10 aircraft leasors By George Joseph SINGAPORE Aircraft Leasing Enterprise (SALE) celebrates its 10th year with a growing portfolio and assets valued at over US$2.3 billion, making it one of the world's top aircraft
      649 words
  • Page 13 Advertisements
    • 23 13 IllLr-,a- J MHL mf' jp ><"* 'I- r:" r*■£ ■k 'cW ■k HHHk *y P;lj*' v~- p Rolls-Royce 1904 3004 a cfrwuryof innovation iPSOI
      23 words
    • 58 13 1 (V ip I S» •f: T\. i 3' f fV T J;: r f' >«' 4 s kl&ffi&ta J International Aero Engines congratulates ggg International Singapore Aircraft Leasing Enterprise I™"J AWO Engines. i v > .-•fa-pf'S TJt V« ||L i,£ t/ f/ I.J on its first 10 years of
      58 words

  • EDITORIAL & opinion
    • 770 14  -  THE bottom line OPINION robert samuelson The Washington Post Writers Group AMERICANS are having a ferocious jobs debate, most of it fraudulent If US presidents could easily create jobs, the unemployment rate would rarely exceed 3.5 per cent But all they can usually
      The Washington Post Writers Group  -  770 words
    • 39 14 'It's not that we can't know the truth. It's just that people often have a vested interest in not knowing it.' -Errol Morris documentary film maker, after interviewing Robert NcNamara, the architect of the Vietnam war.
      39 words
    • 585 14 EDITORIAL THE role that the SGX says it will assume in market regulation represents the logical next step in the evolution of a regulatory model that has, as its ultimate goal, a full disclosurebased regime. In a practice note, the exchange said yesterday it is
      585 words
    • 1804 14  -  A concerted global effort to tighten maritime security is needed to curb terrorism and may even lead to lower costs By Michael Richardson AL-QAEDA'S use of hijacked civilian airlines to strike New York and Washington in September 2001 fundamentally changed the way transport security
      REUTERS  -  1,804 words
  • Page 14 Miscellaneous
    • 219 14 CRYPTIC CROSSWORD trapped time (9) Avoid 5 pertiaps (5) YESTERDAY'S SOLUTION good measure (5) 10 AcrOSS: 1 Flood,i 9 ht 6 9 15 DroDsTn exdianae rates (5) Supportive, 10 Esau, 12 OneDOWN arv 16 Looks to the Sfdience for wa V- 13 Da^ s CU P. IS old Pre 1
      219 words

  • REGIONAL news
    • NOTEBook
      • 67 15 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd may pay investors a dividend of as much as 10 per cent, or 10 sen a share, this fiscal year, its first since 2000 after a state-backed reorganisation plan helped it end six years of annual losses.
        Bloomberg  -  67 words
      • 97 15 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's biggest power company, will sell its 20 per cent stake in closely-held Port Dickson Power Sdn to Sime Darby Bhd and Malakoff Bhd as it seeks to cut debt by selling assets. Tenaga will sell three-quarters
        Bloomberg  -  97 words
      • 74 15 Reuters [KUALA LUMPUR] Malaysia International Shipping Corp, the world's largest carrier of liquefied natural gas, reported an 83 per cent jump in quarterly earnings yesterday, putting it on track to beat full-year estimates. Higher freight rates and contributions from a new tanker unit gave MISC
        Reuters  -  74 words
      • 52 15 Bloomberg [KUALA LUMPUR] AMMB Holdings Bhd, Malaysia's fifth-largest bank, plans to buy the 35.7 per cent of finance unit AMFB Holdings Bhd it doesn't own for as much as RM1.32 billion (*****.9 million), said a banker involved in the transaction who declined to be
        Bloomberg  -  52 words
      • 54 15 AFP [SHANGHAI] Industrial and Commercial Bank of China (ICBC), the country's largest state commercial lender, plans to list in 2006, state media reported yesterday. The bank aims to earn a combined profit of 240 billion yuan (5548.7 billion) in the next three years, Xinhua
        AFP  -  54 words
      • 72 15 Bloomberg [BANGKOK] Shin Corp, which controls Thailand's biggest mobile phone company, yesterday posted its smallest quarterly net income for last year as increased competition cut profit from cellular calls and handset sales. Profit in the fourth quarter was 1.94 billion baht (5583.7 million),
        Bloomberg  -  72 words
      • 73 15 Reuters [BEIJING] China has urged state firms to float entire operations, a departure from allowing them to pluck healthier assets to woo investors. "Qualified state firms should speed up restructuring towards stock listings. The firms that are able to list as a group should
        Reuters  -  73 words
    • 612 15  -  Govt may intervene as closure spells trouble for battered garment industry From Shoeb Kagda in Jakarta AFTER defaulting on its 29 trillion rupiah (Sss.B billion) debt and with no investor in sight, Indonesia's Texmaco Group is on the verge of liquidation but such an outcome
      612 words
    • 412 15  -  Full-year growth hits 5.2% beating official projections From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S economy grew a stronger than expected 6.4 per cent in the final quarter of 2003, boosting full-year GDP growth to 5.2 per cent ahead of official projections
      THE STAR  -  412 words
    • 266 15 HONG KONG Reuters HONG Kong's securities watchdog yesterday warned investors of the risks of borrowing money to make firstday bets on share offerings as China mania grips the territory's stock market. The Securities and Futures Commission (SFC) said about 43 per cent
      Reuters  -  266 words
    • 614 16  -  Kohler also gives strongly upbeat assessment of Japan's economy From Anthony Rowley in Tokyo HORST Kohler, managing director of the International Monetary Fund (IMF), yesterday issued a call for a "serious dialogue" on the exchange rate of China's currency, and deplored the
      614 words
    • 238 16 SHANGHAI Reuters CHINESE police have arrested a former board member of a Shanghai property developer for economic crimes, a state newspaper said yesterday, the latest corporate chief targeted in a crackdown on corruption. Liu Shunxin resigned from AJ Corp on Sunday, the same day
      Reuters  -  238 words
  • Page 15 Advertisements
    • 74 15 M 45 Matsushita Avionics Systems Corporation Focus Leadership Commitment Consistency /"I* r r A ;< CJII C Congratulations riflpJHW •V- ,v '*■>■ L.; (Singapore Aircraft leasing Internist) on wr im ami/Bkantektirason s S "K-A* 'V- -v. 'V» (SJS Matsushita Avionics Systems equipped to support the repair of System 3000i/3000, System
      74 words
    • 103 15 What Leaders yjM Really Do event designed to ensure sustainable and cascading leadership and change April 16, 2004 Suntec, Singapore By the end of the seminar Voted #1 Leadership you will be able to and change Guru By Analyse and describe your personal Business Week USA response to change (October
      103 words

  • Page 16 Advertisements
    • 1149 16 GP INDUSTRIES GP Industries Limited (Incorporated in the Republic of Singapore) Unaudited Third Quarter Report (for the period ended 31 December 2003) The Board of Directors of GP Industries Limited is pleased to announce the unaudited consolidated results of the Group for the third quarter ("Q3") and the nine-month period
      1,149 words
    • 71 16 ■■iA jUuI/S, WH In the most prestigious residential area of Phuket, North Patong, »£/©t-c-ludle. is developing 27 upper range luxury villas and 4 high end exceptional ones. On Feb. 27, 2004 Knight Frank and is presenting its initial offering of exclusive Villas in Phuket. Be one of the first to
      71 words

  • WORLD news
    • 421 17 LATEST US DATA Greenspan says economy has turned the corner, on verge of a 'sustainable' expansion Reuters Bloomberg [WASHINGTON] Sales of existing US homes fell 5.2 per cent in January, as housing activity settled after hitting record high levels in 2003,
      Reuters; Bloomberg  -  421 words
    • WORLDWatch
      • 101 17 Bloomberg NYT [WASHINGTON] US President George W Bush intends to appoint Federal Reserve chairman Alan Greenspan to a new term, White House spokeswoman Claire Buchan said on Tuesday. Mr Greenspan turns 78 in March, and his fourth, four-year term as chairman expires on June 20.
        Bloomberg; NYT  -  101 words
      • 62 17 Reuters [LONDON] US sports entrepreneur Malcolm Glazer has raised his stake in English champions Manchester United by buying a further one million shares in the club. In a statement to the London Stock Exchange yesterday, Mr Glazer said he had bought the shares
        Reuters  -  62 words
      • 108 17 Reuters [SEOUL] Four senior managers at top South Korean mobile phone operator SK Telecom —including one convicted of fraud —have tendered their resignations in the face of a shareholder campaign for management reform. Pyo Moon Soo, SK Telecom's chief executive and president, and
        Reuters  -  108 words
    • 380 17 NEW YORK Rule change allows investors to choose speed over price NYT THE top US securities regulator proposed a rule change on Tuesday that could shift trades away from the New York Stock Exchange and towards its electronic rivals by allowing
      NYT  -  380 words
    • 477 17 ONTARIO, Oregon AP CHRIS Harry is a model employee for the US call centre industry. The 25-year-old arrives promptly at his cubicle, speaks courteously on the phone and is never late or absent. He plans to stick with his job
      AP  -  477 words
  • 1613 17 SICOM FUTURES Feb 25 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Mar 04 226.75 Apr 04 230.50 May 04 232.75 Jun 04 234.00 Jul/Sep 04 235.75 Oct/Dec 04 237.50 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
    1,613 words
  • Page 17 Advertisements
    • 118 17 Drake Executive Search provides you with the expertise to match quality executives Professionals and Managers from middle to senior management positions, within your industry Our consultants bring a wealth of expenence, assisting you in your search for the highest calibre of professionals and managers while allowing you to remain focused
      118 words

  • 6 18 Transaction date: Feb 25
    6 words
  • 5 18 Transaction date: Feb 25
    5 words
  • 822 18 Transaction date: Feb 25 Wl Oaee g—n m Ow Qmmm AHgreen 50c 038 1.130 +0.020 NatSteel 50c 0.39 2.370 C»ptaLaod 134 1.740 OC8C 8.32 12.400 +0.100 Chart SermCood 26c 1.34 1.660 OUE 0.43 6.750 City Dev 50c 230 6.600 Parkway H 25c 0.46 1.000 -0.020 ComfortOetgro 25c 131 0.935
    822 words
  • 668 18 BONDS WARRANTS T«t Last Vol Conv tMf DiK Gw E |3hdris Code Cowp—y Sale *or- COOP) lUttc Price lug left 3698 ASTIW*****1 .475 -2.5 263 1 16 -5 1.41 4 3697 Acma Ltd W*****6 .05 1 50 494 17.00 9 3602 Amtek W*****0 113 2 18 1 33 -3 1.33
    668 words
  • Page 18 Advertisements

  • Page 19 Advertisements
    • 578 19 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF SEAINS PTE LTD (In Members' Voluntary Winding-Up) SPECIAL RESOLUTIONS PASSED ON 20TH DAY OF FEBRUARY 2004 At on Extraordinary General Meeting of the Company held at 9th Floor, Menara Uni. Asia, 1008 Jolan Sultan Ismail, *****
      578 words
    • 508 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 SHAW PIPELINE SERVICES (SINGAPORE) PTE LIMITED MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 896 Dunearn Road #03-03 C, Sime Darby Centre Singapore *****2 on 18 February 2004, the following resolutions were duly passed:
      508 words
    • 1195 19 A Links Island Holdings Limited NOTICE IS HEREBY GIVEN that the Annual General Meeting of Links Island Holdings Limited (the "Company") will be held at 10 Eunos Road 8 #05-31 Singapore Post Centre Singapore *****0 on Friday, 12 March 2004 at 10.00 a.m. for the following purposes: AS ORDINARY BUSINESS
      1,195 words
    • 599 19 NOTICE OF RESOLUTION JURONO TILE WORKS PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of Jurong Tile Works he Ltd duly convened and held at 60 Track 22 Jurong Road 18 km Singapore *****7 on the 20 February 2004, the followina resolution has been passed as a Special
      599 words
    • 1675 19 BDT IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore with limited liability) Announcement of Third Quarter Results For the period ended December 31, 2003 IDT HOLDINGS (SINGAPORE) LIMITED is an investment holding company whose subsidiaries are engaged in the designing, engineering, manufacturing and marketing of consumer electronic products
      1,675 words

  • FOCUS exec pay
    • 366 20 All-stock payment is nearly double his salary for 2002 Bloomberg [NEW YORK] Henry Paulson, chief executive officer of Goldman Sachs Group Inc, was paid US$2l.4 million last year, almost all in stock. It was nearly double his 2002 salary of US$l2.l million. The 57-year-old
      Bloomberg  -  366 words
    • 204 20 Reuters [CHICAGO] The US government could intervene to control executive compensation if company managers continued the practice of paying themselves huge sums of money, the head of the accounting industry watchdog warned on Tuesday. There has been growing concern
      Reuters  -  204 words
    • 232 20 It forms a new unit amid falling share of M&A work Bloomberg [NEW YORK] Citigroup chief executive Charles Prince said last year he wanted the bank to rank No 1 in all its businesses. On Tuesday he tackled the company's lagging performance in investment banking. Mr
      Bloomberg  -  232 words
  • 6 20 Transaction elate: Feb 25
    6 words
  • 71 20 M-Wk L«t Vol Day Latt Quote GrtMv Dtv GrYM Net MCap low Codo Cowpwy Solo rooo) High Low luyor S««of CVr Wt fcjj 2060 2000 6065 Diamonds US2060 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCt Spore US5S5 6101 ISSAP500 US8270 ***** 9650 6170 SPDRS
    71 words
  • 2023 20 52-Wk Tel Last Vol Day LastQuote GrOiv Dtv GrYM Net MCac Wflh Low Cod* Cowpmy Sale +<- (HOP) Wgh Low fciyor Solor S Cvr H W hi 26 7.5 5000 ABR Hldgs 5c 17.5 +1.5 15 17.5 17.5 17.5 18 33.8 42 12.9 2101 APOiISc ....34 5 -0.5
    2,023 words
  • 354 20 U-Wk Tel last Vol Day Last Quote GrOrv Dnr GrYld Net MCap HWi Law Code Comply Sate W- fOOO) W0> Low »iiyor Saiar Cvr WE Smtl 193 96 6000 AVJennings A2Sc A183 -3 7 187 183 183 187 40 8 8 5.5 6.9 393 9 6001 Cathay Pac
    354 words

  • Page 21 Advertisements
    • 211 21 I/A\ HQ! Agency for i Science,Technology f jH ■Mi and Research SINGAPORE 11 It LIVING ON THE I Ik cutting edge I y National Science and Technology Awards 2004 I I Research Scientists and Engineers are the driving forces of modern science. I I Constantly pushing the frontiers of science,
      211 words
  • BIZIT
    • 404 21 Microsoft shows new Windows security features Reuters [SAN FRANCISCO] Microsoft Corp demonstrated new security features of its Windows operating system and chairman Bill Gates said the company has made progress in its battle against computer worms and viruses. Microsoft demonstrated enhanced security features of
      Reuters  -  404 words
    • 230 21 AFP [WASHINGTON] A new version of the Mydoom Internet worm is programmed to launch attacks from infected computers on Microsoft as well as the music industry's main US trade association, experts said on Tuesday. The MyDoom.F worm "contains a malicious payload which attempts to
      AFP  -  230 words
    • 338 21 Reuters [NEW YORK] HewlettPackard Co on Tuesday, in a widely expected move, said it will sell server computers that run on Advanced Micro Devices Inc's Opteron microprocessors, a cheaper alternative to industry leader Intel Corp's Itanium and Xeon chips. HP said it will
      Reuters  -  338 words
    • 753 21  -  IT comment INFOTECH In Singapore, it will start to gather speed soon and roar at bullet-train speeds next year raju chellam IT is a bullet train that zips data much faster than current technologies permit. It carries more data packets or wagons than
      753 words
    • 807 22  -  It could become a top CRM vendor here soon, reports Amit Roy Choudhury Amit Roy Choudhury Microsoft Corp could become one of the biggest vendors of Customer Relationship Management (CRM) applications for small and medium-sized businesses (SMBs) by next year, research consultancy Gartner
      807 words
    • 559 22  -  It will develop next-generation fibre-optic transceivers By Tang Weng Fai AGILENT Technologies' factory in Singapore looks set to take on an increasingly active role in developing the company's next generation of fibre-optic transceivers, devices that transmit and receive light signals and change
      559 words

  • Page 22 Advertisements
    • 61 22 Sj^ S &5 j^H S nternet connection failure your Hf|. JfiMfcS u business Balancing Now you have to thousands your smoothly Because for as as can assure you works by traffic to two to ease routes to the reconfigure your For peace can also for So make sure your never
      61 words

  • SHIPPING TIMES
    • 479 23  -  Regional experts attending meet on combatting piracy, armed robbery By Donald Urquhart [SINGAPORE] Japan has dispatched a helicopter equipped patrol vessel to participate in antipiracy exercises with Thailand and the Philippines, continuing with its commitment to assist countries in the region in fighting
      479 words
    • 272 23 AP [NEW ORLEANS] Salvage divers worked to move a shipwreck that has obstructed the lower Mississippi River since the weekend and bottled up scores of freighters and cruise ships. The 53-metre supply boat sank in the river's main shipping channel on Saturday after colliding with
      AP  -  272 words
    • 73 23 Bloomberg [BANGKOK] Regional Container Lines (RCL), Thailand's third-biggest shipping company by market value, said profit last year dropped as costs rose. Net income fell to 791.2 million baht (Ss34 million), or 1.19 baht a share, from 1.23 billion baht, or 1.87 baht a share, in 2002, the
      Bloomberg  -  73 words
    • 284 23 SGX '000 Feb 25 S$ Vol CH Offshore .036 unch 879 Chuan Hup 0.S2 0.01 769 Cosco Investment 086 0.01 6603 CWT Distribution 0.55 -0.01 5 Ezra HkJgs 125 0.05 1421 Freight Links .0.13 -0.01 381 GB Holdings.. 0.70 unch 14 Java Holdings 0.82 unch 4798 K1 Venture
      284 words
    • SHIPPING news
      • 676 24 Joint study to supply Shanghai and Zhejiang province with fuel from West Australia Bloomberg [PERTH] China, the largest energy user after the US, is studying building a liquefied natural gas (LNG) terminal to supply coastal Shanghai and Zhejiang province with fuel shipped from
        Bloomberg  -  676 words
      • 375 24 New oil terminal will complement Basra's loading of 1.6m barrels daily Reuters [BAGHDAD] Iraq said on Tuesday it was due shortly to open a new oil terminal in the Gulf which will enable Iraq to boost crude exports close to
        Reuters; AFP  -  375 words
    • 3 24
      3 words
    • 3 28 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 604 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CEC BLUE 01/01 J8 A/SIDE 26/02 235S FRIOMARA C***** J6 A/SIDE 26/02 230C HARAPAN MAK JB4203 J5/6 A/SIDE 26/02 040C ID COMMANDER 4 J4/5 A/SIDE 26/02 060C KIMOLIAN PRI 001N J7/8 A/SIDE 26/02 150C MINAOLDENDO *****3 J14/15 A/SIDE 26/02
        604 words
      • 2 29
        2 words
      • 146 29 Marl South Korea: Independ Day. Mar 21 Japan: Vernal Equinox Day. Apr 4 H&ChingM 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: Good Friday.
        146 words
      • 811 29 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 changes
        811 words
      • 86 29 U/F unfilterable This report is based on samples as analysed by ONV Petroleum Services and it an abstract frers their morua detailed fuel quality statistics which Is mailed to participating shipowners. Key bunker ports have been grouped in geographical regions for brevity. Comparison has been made
        86 words
    • AIR & LAND transport
      • 603 30 Qantas unit offering 100,000 tickets, Virgin Bine putting up twice that much Bloomberg [SYDNEY] Qantas Airways Ltd's discount carrier Jetstar started a price war with Virgin Blue Holdings Ltd, when it offered 100,000 tickets at an introductory price of As 29
        Bloomberg; AP  -  603 words
      • 492 30 It's vying against Pratt Whitney and GE for the deal Reuters [SINGAPORE] British aeroengine maker Rolls-Royce pic yesterday said its bid for a lucrative contract to make engines for Boeing Co's proposed 7E7 jetliner would not spark a surge in development spending.
        Reuters; REUTERS  -  492 words
      • 468 30 It says demand for MRO services in the region set to soar AFP [SINGAPORE] German aircraft maintenance service provider Lufthansa Technik, a unit of national airline Lufthansa, said yesterday it is confident of securing new business in Asia's fast-growing aviation sector. Chief
        AFP  -  468 words
      • 211 30 Reuters [HONG KONG] China's aviation regulator said yesterday it would give foreign airlines access to the country's second-tier cities if they make the Hainan island their first stop. "The decision was approved in mid-February," a Civil Aviation of China official who declined
        Reuters  -  211 words
      • 288 30 Bloomberg [SINGAPORE] Air Deccan, an Indian budget carrier, will buy and lease seven A 320 aircraft made by Airbus SAS to expand its network, according to a statement by the plane maker. The seven aircraft together cost US$455 million. The planes
        Bloomberg  -  288 words
      • 423 30 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:
        423 words
  • Page 23 Advertisements
    • 213 23 Rolls-Royce: no jump in R&D funds for 7E7 BACK PAGE China considers building terminal for Aussie LNG PAGE 2 fflnnr Jetstar sparks price war with ESS] offer J > r 1 "imrffMf^iifVfm^^Kml^Mrrtffi >- '."x.rJi^SP,*^p■ yri.. .;-:'&A > Bpr .ifl P 9 HHhmHHE H|rV|i v-Jp ~''s gßpSFas fIHHMu /ff v? «H:
      213 words

  • Page 24 Advertisements
    • 663 24 IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND ISUPEB SHUTTLE EXIH«B» I VESSEL VOY LCI SIN PKG PtO NtDUOYD KOWIOON 35W06 11/02 29/02 02/03 V!SSti VOY UK SYD Mil AM F»l SIM MO PtO NEDUOYD STUYVESANT 22W07 18/02 07/03 09/03 API IVORY 69N 14/02 16/02 11/02 20/02 24/02 29/02 02/03 PtO NIDUOYD HOUTMAM
      663 words
    • 552 24 Lines services represented by Members of the Registry of fojteSJAccredited Shipping Agents, Xg# it 37 Singopore Shipping Association ULY UNE MALE /VESSEL VOY ETA HA ETA P. KLAHG SPORE MALE Maid Corner 745 02/03 04/03 12/03 Princess Lily 0203 06/03 08/03 16/03 KotaTegap TGAOSS 15/03 25/03 ULY MARINE SERVICES PTE
      552 words
    • 7 24 Members of the '•viEiSj. Singapore Logistics Association
      7 words

  • Page 25 Advertisements
    • 769 25 MOL Combines a range of shipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Qceanio. Also accept Intro-Asia Cargoes to: BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGDAO KIAWAN JAKARTA SURABAYA KAOHSUNG BANGKOK LAEM CHAIANG HOCHIIKUNH PASIR GUDANG PtNANG FORT KEIANC For Schedules, BL
      769 words
    • 1401 25 GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD #12-00 SALES/ BKGS TEL'*****857/43 FAX: 6238 5321/24 COSTAR SHIPPING PTE LTD SINGAPORE *****8 OUTWARD (B/L) *****802 *****325/75 CRNO 117B*****00M TEL: *****900 (MAIN) INWARD (D/O) *****786 *****319/49 T/SHIPDEP *****825 *****316/46 JOHOffS OFFICE: CONVENTIONAL 6420 5850 *****208 COSTAR AGENCIES (If SDN BHD TEL 07-353 8166
      1,401 words

  • Page 26 Advertisements
    • 715 26 Kn| ff%E R HH A C ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: d*lma>«<Mma«.com.*e UCLIVIMO DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 FUU CONTAINER SERVICE TO WtST AFRICA fta EUROPE IVKSft VOY SINGAPORE PORT KEIANG LE HAVRE DAKAR lAHJUL CONAKRY Hvuntim General 349W 01/03 jfflH 12ZQ3 30/03 m. Hyundai ndependence 31W 08/03 09/03 24/03 06/04
      715 words
    • 831 26 V>R\ wan hai lines I V Tel: 6226 1568 Fax: *****163 INTRODUCING:j V ,>.J,:* I NEW WEEKLY EXPRESS SERVICE TO: i \f 1 NHAVA SHEVA 1 CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY For more details, call HOTLINE: 6226 1588 1800-*****00 i" NORTRANS SHIPPING AOENCIES ts[ A/
      831 words
    • 531 26 BSfl x Z MYANMA 9H FIVE STAR LINE (Myonmar National Um) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 327W SID HPA-AN 3UW 28/02 IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL: 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKL KUC BRAVE HEART 90
      531 words

  • Page 27 Advertisements
    • 1309 27 VESSEL VOY KHH HKO SIN PKL PXB BAB DMM 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 PCLBO2S SKIP SKIP 09/03 10/03
      1,309 words
    • 701 27 i Firl I UK CONTINENT SERVICE Loading for 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 RAVENNA HDD/JDH/AQA 'Loads Singapore, EVW Malaysia, Indonesia USA SERVICE Loading for STELIOS B CAM/NOL/SAV/TPC 'Loads EVW Malaysia, Indonesia F.E./S.E.A. SERVICES S pore
      701 words
    • 747 27 VESSEL m SIN PGU VESSEL W. SIR JO PAC lAHPA US4N 26/02 29/02 ALAMIATA 2 tttS 22/02 02/03 PAC lAHPA US4N 51/0J 01/03 PAC SULU EIM2 04/03 06/03 PAC »ANOA 115/N 03/03 04/03 AIAMJAYA 2 8886 02/03 02/03 PAC »ANDA LISBN 04/fi3 OS/03 PAC SULU P1043 11/03 13/03 PAC BANDA
      747 words


  • Page 29 Miscellaneous
    • 119 29 I REGIONAL Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds R a in One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x Hazy -One solid triangle represents 50 knots
      119 words