The Business Times, 17 March 2004

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Total Pages: 28
1 28 The Business Times
  • 15 1 THE BUSINESS TIMES MITA(P) 023/03/2004 j Internei. hitp://business-times.asial .com.sg SINGAPORE WEDNESDAY. MARCH 17, 2004 85C
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  • 608 1  -  Analysts see S'pore market correction coutinuing for a while more By Joyce Koh [SINGAPORE] Local stocks fell for the seventh time yesterday in eight trading days as the benchmark Straits Times Index (STI) continues to struggle against shrinking liquidity and the correction
    Source: Bloomberg  -  608 words
  • 589 1  -  Influential conglomerate is finally free after it repays 53t rupiah From Shoeb Kagda rn Jakarta ONE of Indonesia's most powerful conglomerates, the Salim Group, is now free to rebuild its corporate empire after settling its 53 trillion rupiah debt
    589 words
  • 540 1  -  It addresses issues raised in poison pen letters By Serena Ng [SINGAPORE] An undaunted Fibrechem Technologies is taking a second shot at listing on the Singapore Exchange, having roped in Stirling Coleman Capital as a joint lead manager of its planned initial
    540 words
  • 73 1 FOREX RATES us$ US$ (S$ per US$) 1.705 £(l'S$/S$ per S) 1.809 3.085 EURO(l'S$/S$/E). 1.233 2.102 YEN 109.6 64.30 RM 3.800 2.228 HKS 7.792 4.569 BAHT 39.48 23.15 Rl'PLAH 8,593 5.038 RENMINBI 8.299 4.866 INDIAN Rl'PEE 45.24 26.52 AS 1.352 0.793 NZ$ 1.540 0.903 PRIME RATES SINGAPORE _5.25 MALAYSIA
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  • 77 1 tn 1,826.32 (-11.91) ST INDEX FUTURE* 1,888.00 (unch) msiMsci mm 220.88 (-1.54) BIMBCI FUTURES 220.80 (+0.30) Tuesday Change KLSE COMP 885.70 -4.59 NIKKEI 225 11,242.29 -75.61 HANG SENG *****.62 1311 SET INDEX 669.80 -8.62 JAKARTA COMP 716.18 -7.97 MANILA COMP 1,418.67 -0.67 TAIPEI WPI 6,589.72 -4616 SEOUL COMP .850.13
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  • Page 1 Advertisements
    • 25 1 8 HI Fed interest rate decision To find out how the US central bank decided at its meeting yesterday, go to http i//business-times.asia 1 .com.sg
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    • 13 1 When 'star' fund managers leave, will they be missed? EXECUTIVE MONEY Page 8
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    • 62 1 Don't miss our 26-page Property supplement in tomorrow's BT. Among the issues covered: Singapore upturn IMs year? Waterfront lifestyles Asia's hottest markets HHB Second homes in BaK and beyond Sydney and Perth easing up? High living hi KL mi I in inimm mm imm Reliability-one of the many reasons why
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  • NEXT page
  • Page 2 Advertisements
    • 86 2 Meet leading Maritime luminaries from 28 countries R©ply Slip FciX NO! (65) 6588 3735 Special Highlights lam interested j n (Please tick below) 7 National Pavilions Conference Visiting Singapore International Maritime Centre (IMC) Partner Country Focus: China Name: Education Platform: Job Title: APM Summit Company: SNAMES Technical Forum Address Mock
      86 words
    • 192 2 29-30 April 2004, Raffles the Plaza Hotel, Singapore Updates and developments in CLP Holdings Corporate Fraud ING Insurance How to successfully prevent and Aff n Bank detect fraud in an organisation A en Gledhill Background Asia Dealing with legal issues in the bt Solutions management of Corporate Fraud A Foo
      192 words
    • 7 2 C.A.T.S. Buy It. Sell It. Find It.
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  • Page 3 Advertisements
    • 38 3 fftf Mha' mm gf-* A mi xti J 2 .1 M i I ■BBHBBBSr,. a 111 .•.II Wmii •••?■!?•<.*>!.*£ lllr git I lllr""iiiimmiUnmif iminnf m ®oro A m.J0 AWBnM I® msdfi* ¥i Riiil ujpp igpE^ mfl gP [siZ. m?
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  • SINGAPORE companies
    • 403 4  -  Move due to job duplication, unsatisfactory performance By Kalpana Rashiwala RETAIL giant Dairy Farm confirmed yesterday that it retrenched 49 staff-last month at the Shop N Save supermarket chain, which it bought from Singaporelisted QAF and Belgian retailer Delhaize late last year
      FILE PHOTO  -  403 words
    • 661 4  -  HOCK lock siew ven sreenivasan IT'S not very often that you find analysts being so divided over a prominent listed company's fortunes. When was the last time that some were unabashedly bullish about a company and its stock, while others advised clients to offload or
      661 words
    • 494 5  -  It seeks strategic alliance with 'Popiah King' to expand client base By Serena Ng SUPER Coffeemix Manufacturing is hoping to form a strategic alliance or partnership with food magnate Sam Goi so that it can tap his wide network of business
      FILE PHOTOS  -  494 words
    • 340 5  -  CapitaLand seeks to establish unit's brand name there By Vince Chang PREMAS International, the property management and consulting arm of listed Capita Land, will partner Malaysian corporate bigwig Ahmad Tajuddin Ali to form a consultancy business across the Causeway. Capita Land, South-east
      NSTP  -  340 words
    • 398 5 SINGAPORE Airlines filled more space on its planes in February, breaking 13 months of declines. But analysts are cautious about upgrading their recommendations based on the latest operating figures. Responding to SlA's statement on Monday, which said the airline
      398 words
  • Page 4 Advertisements
    • 249 4 |SileE!ui£| ,< I r. I AN OPPORTUNITY =h\ FOR A VISIONARY > *v\ /f UNDMARK Q'# *7.1 Cairnhill Circle teKK i 1 Freehold Residential Sites Fh7»oet- p O iJJ, Land Site Plot o pikb Mote) v Parcel Area Ratio «<"•«' C 6,253.1 sm 4.59 m«™ §c A o 2 4,631.8
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  • Page 5 Advertisements
    • 262 5 7 v. Jaguar XJ named as the Best Luxury Car" by THE STRAITS TIMES (3 January 2004) and TODAY 110 January 2004). Jaguar XJR chosen as the Best Performance Car" by THE STRAITS TIMES (3 January *****. Winner in the Luxury Car Category in WHAT CAR? Car of the Year
      262 words

  • SINGAPORE markets
    • Article, Illustration
      561 6  -  Compiled by VEN SREENIVASAM Bio-Treat Technology, March 16 dosing: 88 cents THIS China-based wastewater treatment company is not wasting the firstmover advantage that its proprietary technology gives it in China. In less than three years from commercialisation, its technology has been applied to nearly 230 projects, giving it
      Source: Bloomberg  -  561 words
    • 335 6  -  CHART POINT By K Ajith, Lim Say Boom OCBC Investment Research AFTER consolidating sideways for several weeks, the Straits Times Index has finally broken down. We had warned of such a move for several weeks, pointing to declining breadth, weak volume and
      Source: Bloomberg  -  335 words
    • 879 6  -  A longer view CURRENCIES larry wee THE Japanese yen emerged overall winner after a volatile trading week, and its price action in the week ahead could again provide some of the most important clues to other currency moves. Elsewhere, the past week saw
      879 words
    • 517 6  -  BT comment STOCKS r. sivanithy THE mood in dealing rooms yesterday was as gloomy as the weather outside, which wasn't surprising after Wall Street's dismal performance on Monday. The only positive feature locally was a sudden play on China stocks that replaced Monday's
      517 words
    • TRADES TO WATCH
    • Article, Illustration
      139 6 OTHER SINGAPORE INDICES Mar 16 VALUE CLOSE TOMB -335.00 4-167.00 BTCADI -*****.00 -28.00 BTlO-dayMA -*****.00 -33,00 Afl-SC Eqtiltte« 494.79 -2.07 SCEguM-Ekd 173.09 +0.10 SCI Equltits Fin 1498.41 -9.62 SC EguHto« Prop 453.68 -1.57 SM&X 220.85 -1.54 SiMSCI Futures 220.90 +0.30 Clob Closing prices are in trading currencies, but absolute difference
      139 words

  • SINGAPORE companies
    • 410 7  -  It guns for bigger slice of market in M'sia by enhancing capabilities By Taila Krishnakumar EXPANSION is in OCBC's mind, but it is not about to rush into it just because the market is pushing the bank for acquisitions. "We
      410 words
    • COMPANYBriefs
      • 67 7 SEMBCORP Logistics has invested $500,000 in a 50:50 joint venture with Italian metals logistics major B Pacorini Spa to provide logistics services in Asia for the metals trade, and other collateralised commodities. Pacorini-SembLog will manage inventories and movements of commodities under collateral management agreements—a popular
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      • 48 7 JARDINE Cycle Carriage Limited said it bought yesterday five million shares in Indonesia's PT Astra International at about 5,209 rupiah per share for about 26 billion rupiah (Sss million). The purchase increased its Astra shareholding to 37.9 per cent from 37.78 per cent
        48 words
      • 65 7 DA YEN Environmental Ltd has formed a wholly owned subsidiary, Jufuyuan Environmental (Beijing) Ltd, in China. Dayen will use Jufuyuan as a vehicle to undertake the 50-year water supply and 30-year wastewater treatment project at Beijing Jufuyuan Nationality Industrial Area, in the Beijing district of Tongzhou.
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      • 49 7 CAPIT ALAND'S U*****.6 million issue of rated Commercial Mortgage Backed Securities has closed with an oversubscription of more than four times. The issue, backed by Capita Commercial Trust's initial portfolio of seven properties, received strong demand from investors in Europe and Asia, the company said yesterday.
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      • 111 7 SUNNINGDALE Precision Industries is buying a Bin tan-based plastics injection moulding company for $900,000. The company, OPT Bintan, is 90 per cent owned by Singapore-based German Plastic Technology Pte Ltd and 10 per cent by a Chan Mun Cheong. Sunningdale said the purchase would enable it
        111 words
      • 138 7 CLARIFYING a Bloomberg report in yesterday's BT ('Beyonics in battery deal with Matsushita'), Beyonics Technology said sales from a recent contract with Taimatsu Industrial Co, a subsidiary of Matsushita Electric Industrial Co, should not be more than 5 per cent of revenue this fiscal year ending
        138 words
    • 352 7  -  By Serena Ng ABOUT eight months after announcing the set-up of a representative office in Tokyo, Trek 2000 International has bagged a US$lO million contract from Japan's TEAC Corporation, a deal that it says will significantly boost its 2004 financial performance. Under the one-year deal
      352 words
  • Page 7 Advertisements
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  • EXECUTIVE money
    • 1199 8  -  Much hinges on managers' calibre and fund type, says Genevieve Cua Genevieve Cua HOW significant are movements of fund managers in between fund houses? Are such changes something you should be concerned about? More to the point, to what extent do such departures affect
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    • 550 8  -  By Genevieve Cua HUGH Young is a fund manager who has been identified as a star. But he laments that if he leaves, he won't be missed. Mr Young and Peter Hames are both closely identified with Aberdeen Asset Management. Both joined Aberdeen in the mid1980s
      CHRIS LOH  -  550 words
    • 42 8 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; v 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
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  • Page 8 Advertisements
    • 99 8 rentsT^Ml Can now! International Business Park (IBP) Close to Jurong East MRT station and bus interchange 130sqm onwards Raised floor system Column free layout 142sqm onwards u Great tenant mix iw Column free layout Changi Business Park 10-min drive to Changi airport and close to PIE ECP The Signature 127sqm
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  • SINGAPORE news
    • 462 9  -  Base wages likely to remain flat this year, but variable component expected to grow By Chuang Peck Ming CHIEF financial officers in many parts of Asia are paid more than those in Singapore, according to a survey by Hong Kong-based CFO Asia magazine.
      462 words
    • 256 9 AFP INDIA'S film industry may be the most prolific in the world but it can learn a lesson or two on efficiency and discipline from Singapore, Bollywood legend Amitabh Bachchan said here yesterday. "I think that efficiency and discipline are two things that the
      AFP  -  256 words
    • 520 9  -  Company said to have raised prices but estimates vary By Kalpana Rashiwala MARCO Polo Developments has finally officially launched its Grange Residences condo, and is said to have raised its asking price. However, information on exactly how much it is jacking up its price
      ARTHUR LEE  -  520 words
  • Page 9 Advertisements
    • 469 9 Prime Land For Sale Wywy Industrial Building 12/14 Hoy Fatt Road Off Leng Kee Road Land area 111 2,110 sq meters (22,703 sq ft) I Maximum Plot Ratio: "3Tt|^ —-7 Light industry Ftomarka: Sale with vacant possession Tt \j Redevelopment potential Walking distance to Redhili jff f MRT station V(
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  • EDITORIAL & opinion
    • 699 10  -  THE bottom line OPINION frank ching THE 2004 session of China's National People's Congress (NPC) closed on Sunday with the passing of several constitutional amendments. Naturally, attention focused on those relating to human rights and the protection of private property. China is sensitive to foreign
      699 words
    • 94 10 'These guys are the most crooked, you know, lying group of people I've ever Seen -John Kerry the US presidential hopeful, making candid comments about his opponents when he thought the microphone was not switched on. 'Like the former days of the witch hunt, they are convinced
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    • 629 10 EDITORIAL THE 10-day session of China's National People's Congress (NPC), which concluded over the weekend, produced a seismic shift in economic strategy which could have far-reaching implications for the world's most populous nation Among the policy announcements made at the NPC (China's parliament), two
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    • 973 10  -  It's getting too late for Bosh's free trade crusade: counter-accusing the Democrats of being economic isolationists won't wash From Leon Hadar in Washington CONSIDERING the passionate pro-free trade rhetoric emanating from the White House in recent days, it would not be surprising if US
      AP  -  973 words
    • 486 10  -  COMMENTARY Its capital account reserves are far too big for comfort From Prem Shankar Jha in New Delhi INDIA'S foreign exchange reserves have continued to grow and grow. Three months ago, they crossed the US$lOO billion mark. Today, they stand at US$lOB billion. The forex reserves
      486 words
  • Page 10 Miscellaneous
    • 224 10 CBYPTIC CROSSWORD the pitch (3) 28 Team drop the French regu- 14 Mischief maker loudly sup- Across: 1 Tearaway, 5 Swatch, lar (4) porting the Spanish (3) 9 Upstream, 10 Flying, 12 DOWN 16 Alternative outspoken ex- Thrash out, 13 Biker, 14 Acme, 1 Militarv officer's disDlav of pression for
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  • REGIONAL news
    • 551 11  -  Sale will provide exchange with technology, market competitiveness and credibility From Al Labita in Manila THE Philippines Stock Exchange (PSE) stood by its decision to sell 40 per cent of its issued shares to Singapore's Kim Eng group and five other new investors, saying
      AFP  -  551 words
    • 172 11 KUALA LUMPUR AFP MALAYSIA'S opposition Islamic Party (PAS) signalled yesterday it may shut down the country's only casino in the mountain resort of Genting if it wrests control of the area in next week's elections. PAS president Abdul Hadi Awang said
      AFP  -  172 words
    • 348 11 KUALA LUMPUR AirAsia, Transmile among those seen benefiting most MALAYSIA'S smaller airlines, Air Asia and Transmile, could be the main beneficiaries from the signing last Friday of an air services agreement between Malaysia and Hong Kong that removes restrictions on the number of flights
      348 words
    • NOTEBook
      • 153 11 Reuters [BANGKOK] Billionaire Thai Prime Minister Thaksin Shinawatra is expected to clinch a deal soon for a 25 per cent stake in English premier league club Liverpool, his adviser said yesterday. "The prospect looks quite good because we do not seek a controlling interest
        Reuters  -  153 words
      • 63 11 Reuters [SINGAPORE] HSBC Holdings pic, the world's second-largest bank, is interested in buying Thailand's Bank of Asia, a banking source said yesterday. Dutch banking group ABN Amro is selling its 80.77 per cent stake in Bank of Asia, currently worth about US$54O million,
        Reuters  -  63 words
      • 80 11 Reuters [BOMBAY] Revenue from India's entertainment industry is likely to grow at a compound annual rate of 17 per cent to US$9.4 billion in 2008, an industry consultant said on Monday. Revenues for the industry grew by 15 per cent in 2003 to US$4.2 billion. Growth
        Reuters  -  80 words
      • 82 11 Reuters [SHANGHAI/SEOUL] Hynix, the world's third-largest maker of memory chips, plans to invest up to US$BOO million in its first chip plant in China as it looks to carve out new markets and avoid global tariff problems. Loss-making Hynix Semiconductor Inc is in talks
        Reuters  -  82 words
      • 61 11 Reuters [HONG KONG] Hong Kong property-to-ports conglomerate Wharf (Holdings) Ltd yesterday posted a better-than-expected rise in annual profit on exceptional gains and gave a positive outlook for its retail-heavy property business amid a real estate boom. Wharf said net profit for 2003 totalled HK$3.O4
        Reuters  -  61 words
      • 59 11 AFP [BANGALORE] Hewlett-Packard yesterday opened a "bazaar" in India's technology hub Bangalore to develop new ideas in the mobile telephone industry. The Mobile e-Services Bazaar will serve as a forum where coders and IT entrepreneurs both within HP and from the outside can informally
        AFP  -  59 words
    • 524 12 HONG KONG Former PCCW unit will build luxury homes in Asia-Pac RICHARD Li is planning to turn a new property venture being spun off by his Hong Kong fixed-line telecommunications company, PCCW, into an ambitious luxury residential developer with projects throughout
      524 words
    • 271 12 SACRAMENTO, California US$67 million at stake, bat market ignores news Reuters CALPERS, the largest US pension fund, on Monday gave the Philippines another month to persuade it not to yank US$67 million out of Manila stocks, which would be a huge blow to the economy.
      Reuters  -  271 words
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    • 16 11 Expat March 20-21, 2004 Hall 401, Suntec City Brought to you by The Expat Magazine www.theexpat.com
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  • Article, Illustration
    1082 12 Transaction date: Mar 16 BTTERBAKK CROSS RATES AS C$ Bmb Euro HKS Ind Bs Buplih Yen Won BM WZ$ Pafc Rs Peso S$ Rand Sfr NTS Bafct Pound USS Australia 0.985 6.138 0.600 5.764 33.458 63.554 0.811 8.659 2.811 1.139 42.500 41.591 1.261 4.939 0.940 24.667 29.198 0.409 0.740
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  • 1584 12 S1C0M FUTURES Mar 16 RUBBER Futures (Closing prices) RSS1 (S centsAq) 0>M VokMt OpM Month High Low Sett (tonnes) Interest Apr 04 232.00 May 04 234.50 Jun 04 238.00 Jul/Sep 04 244.00 Oct/Dec 04 246.00 Jan/Mar 05 248.00 RSS 3 (US ceotsAo) Volume Open Month High Low Sett (tonnes)
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  • WORLD news
    • WORLDWatch
      • 162 13 AFP [WASHINGTON] US Federal Reserve policymakers opened a meeting yesterday, determined to lock interest rates at a 1958 low until the economy breaks out of a three-year jobs rut. Federal Reserve chairman Alan Greenspan and his colleagues gathered as fresh data showed bustling US
        AFP  -  162 words
      • 144 13 Reuters [WASHINGTON] US homebuilders broke ground on homes at a slower pace in February, the Commerce Department said in a report yesterday that showed the housing market may be losing steam. Housing starts fell 4 per cent to a seasonally adjusted annual rate of
        Reuters  -  144 words
      • 80 13 Bloomberg [NEW YORK] Lehman Brothers Holdings said yesterday that earnings more than doubled as higher revenue from bond trading and stock underwriting led to a sixth straight quarterly profit gain. Net income at the fourth biggest US securities firm rose to US$67O million, or
        Bloomberg  -  80 words
      • 76 13 NYT [NEW YORK] Liberty Media, the US media company that owns stakes in cable TV systems and programming companies, said on Monday that it would spin off its overseas cable operations, worth about US$9 billion, into a publicly traded company. John Malone, the
        NYT  -  76 words
    • 567 13 WASHINGTON Group asserts China gained 43% cost advantage through repression of workers' rights ATT THE AFL-CIO labour group was due to file an unusual trade complaint yesterday to press President Bush to punish China, which it asserts has gained a commercial advantage through
      ATT  -  567 words
    • 375 13 NEW YORK Bloomberg Reuters US EMPLOYERS plan to boost hiring during the second quarter as their current workforce is not enough to meet demand for products and services, according to a survey by a leading supplier of temporary staff. Twenty-eight per cent
      Bloomberg; Reuters; AFP  -  375 words
    • 498 15 NEW YORK This is despite repeated clashes with directors over executive pay issues NYT REPEATED clashes with the directors of MBNA Corp may have prompted Charles Cawley to retire as the company's chief executive late last year, but despite the conflicts,
      NYT  -  498 words
    • Article, Illustration
      55 15 [BANGALORE] Indian fashion designer Tarun Tahiliani with model Tupur Chatterjee wearing one of his creations last weekend ahead of the Seagrams Blenders Fashion Tour here. His work, together with those of five other top Indian designers, will be showcased at the annual fashion show organised by
      AFP  -  55 words
    • 264 15 NEW YORK Reuters UPBEAT earnings forecasts are outpacing profit warnings by the widest margin in more than a year, new data shows, setting the stage for another strong round of quarterly results. Last week, 167 companies pre-announced earnings forecasts,
      Reuters  -  264 words
    • 454 16 NEW YORK Deal with SEC clears uncertainty over BofA's takeover of FleetBoston LAT-WP AP BANK of America Corp and Fleetßoston Financial Corp agreed on Monday to pay US$675 million in fines and restitution in the biggest settlement yet in the scandal over
      LAT-WP; AP  -  454 words
    • 380 16 NEW YORK Bat she is unlikely to just fade away, says an analyst Reuters MARTHA Stewart on Monday resigned as a board member and officer of her namesake company, Martha Stewart Living Omnimedia Inc, which is reeling from the home decorating expert's conviction on
      Reuters; AP  -  380 words
  • Page 13 Advertisements
    • 22 13 m MISSION: 0f- TAKE RESTAURANTS m GLOBAL ip J^/lIRACLE: TWO .as S|^^HK I I m Amm K -1 m U S j
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    • 396 13 pack age SALE High-End Pieces At Low-End Prices IhJHHBtiQfIHB Monday to Sunday 9am to 9pm Fraa Parking I Dining Room Set Living Room Set I Bedroom Set jftM <3> ITALIAN HOUSE 123 Kaki Bukit Avenue 1, f Shun Li Industrial Park, Singapore *****6 Tel; 6742 2123 6746 2926 f9737 3123
      396 words

  • 6 14 Transaction date: Mar 16
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  • 5 14 Transaction date: Mar 16
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  • 830 14 Transaction date: Mar 16 Hwfc www WH Oft Owpt Hwfc m OB— qwjt Atgraan 50c 034 1.110 NOL 131 1.950 -0310 ML Intl US20c 031 0.760 OCBC Ml 12.100 -0.100 CaprtaLand 131 1-860 -0.020 Parkway H 2Sc 034 1360 -0.020 Chart SamKond 26c 1.29 1550 4320 Paopta's Food HWOc
    830 words
  • 678 14 BONDS WARRANTS Pram Expiry Tai last Vol Com Exar Disc Goer- Mths Soto +or- rooo) lutto Wa Left 3698 AST) W*****1 40.5 -3 17 1 16 -7 1.49 3 3697 Acma ltd W*****6 JOS 1 SO 573 15.00 8 3602 Amtek W*****0 100 1 33 2 1.31 15 3603 Armstrong
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  • Page 14 Advertisements

  • Page 15 Advertisements
    • 2713 15 kl IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF YEE HENG MANUFACTURING CO. PTE LTD (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Members of YEE HENG MANUFACTURING CO. PTE LTD, duly convened and held on 12 MARCH 2004 the following was
      2,713 words

  • 6 16 Transaction elate: Mar 16
    6 words
  • 66 16 U4ft M UM Ml (Wy LMQMi CM 0* GrVM MM MCjp U» Co*« riapm Ut» f— U— Um X CVt m w3 2360 no UU tXjmonfc UUOtOcd 2120 ***** SOB SDJUSTa* LS374Q HUT R HBO Spar* US9S5 CM BiWOi UKRI It KB »0 SITU 5PW8 IAU28BU! 1*5 17V)
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  • 1862 16 M Lm Ml Off LMOmi GrOfcr GrTM Met MCa I— Ge* l*m *i■ fa t— 9»»*r S<» N C*r W *3 74 500) AWMIdmSc 1*5 1i n 42 1*4 2l«i tfMk J13 ixdt 302 325 31S 315 32 5 5 N9.1 08 Ii2 JJJ •5 '65 15®! A5
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  • 331 16 tt-Mk M lag VM Of LMQw* <*«• ON 6(tM MM Mb* t— cw» nil sm« raai MMi low rn*m nam cm m Wa 712 (080 AVJ*rmingiA25< ___A210 »3 158 212 210 210 211 40 68 48 8 45? «01 Cathay Pac 20c MK720 11 74 i >4*2 MB
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  • BT motoring
    • 728 17  -  BT exclusive It wants to capitalise on tax incentives for using compressed natural gas, says SAMUEL EE SAMUEL EE Commercial vehicle distributor Triangle Auto is all set to take advantage of the government's compressed natural gas (CNG) incentives by expanding into the business
      728 words
    • 583 17  -  By Samuel Ee THE legendary Italian marque Alfa Romeo says Singapore is one of the most important markets in the region for premium cars, and has appointed a new importer, Euro Automobile, as part of a programme to relaunch its brand in South-east Asia.
      ARTHUR LEE  -  583 words
    • 56 17  -  By Samuel Ee RENAULT'S F1 drivers dropped by Singapore yesterday en route to this weekend's race at Sepang, Malaysia. Jarno Trulli (right) and Fernando Alonso made a pit stop at the Pines Club to unveil the Renault Megane Coupe-Cabriolet, a rigid glass-roofed four-seater convertible that costs
      56 words
  • Page 17 Advertisements
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      409 words
    • 128 17 Call toll-free 1800 289 8822 In the matter of the Companies Act, (Cap. 50) And In the matter of JIANGZHOU SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 (1) of the Companies Act, (Cap. 50) that the FINAL MEETING
      128 words
    • 236 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NESDEX PTE LTD (IN LIQUIDATION) COMPANIES WINDING UP NO. 18 OF 2004/E NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company, which is being wound up by an Order of Court in the Republic
      236 words

  • MADE IN Singapore
    • 1170 18 AEM-Evertech shows how companies can continue to provide jobs in S'pore amid rising costs and fierce competition HIGH costs may have driven AEMEvertech to look for cheaper alternative locations overseas but Singapore remains the "most critical" centre for the semiconductor equipment maker when it
      CHRIS LOH  -  1,170 words
    • 694 18  -  Besides tax breaks, the Republic offers support for innovation By Joyce Koh HARD disk drive component supplier Unisteel Technology says it will maintain a presence in Singapore even if labour costs are cheaper elsewhere and more manufacturing jobs are shifted to
      694 words
    • 587 18 SINGAPORE'S precision engineering (PE) industry began in the 1970s with the objective of supporting the first manufacturing investments. Today, it is an established and critical pillar of the manufacturing sector in its own right. In 2003, PE companies generated about $16.8
      587 words
  • Page 18 Advertisements

  • SHIPPING TIMES
    • 373 19 [SINGAPORE] Hong Kong container terminals handled 15 per cent more containers in February than a year earlier, boosted by an earlier Chinese New Year in 2004, the HK Port Development Council said. The world's busiest container port handled 1.44 million TEUs last month,
      REUTERS  -  373 words
    • 288 19 SGX '000 Mar 16 S$ Vol CH Offshore 0.34 unch 197 ChuanHup 0.53 unch 1275 Cosco Investment 1.01 0.13 ***** CWT Distribution 0.54 unch 69 Ezra Hldgs 1.12 0.03 1253 Freight Links .0.12 unch 646 GB Holdings 0.72 -0.01 10 Jaya Holdings 0.79 0.02 1824 K1 Venture 0.23
      288 words
    • 496 19  -  Madrid blasts a grim reminder of threats to all modes of transport: Mitropoulos By Beth Jinks [SINGAPORE] The International Maritime Organisation (IMO) has called on members to urgently implement new security legislation, acknowledging the threat terrorism poses to transport modes has
      REUTERS  -  496 words
    • 366 19 It will take delivery of 8 vessels this year and 11 in 2005 to meet demand Reuters [HONG KONG] China Shipping Development Co Ltd, which transports oil, coal and bulk cargo, said that 2004 will be another growth year for the firm as Chinese
      Reuters  -  366 words
    • 3 20
      3 words
    • 815 20  -  STRAIT TALK By David Hughes JUST over two weeks ago, the Singaporeregistered chemical tanker Bow Mariner exploded and sank some 50 nautical miles off the US coast of Norfolk, Virginia. Only six of the 27-strong crew survived. Such is the nature of
      AFP  -  815 words
    • 3 25 thebusinesstimes
      3 words
    • SHIPS IN PORT
      • 586 27 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E4071 J3 A/SIDE 17/03 023( CSAVYOKOHAMA *****S J17/18 A/SIDE 17/03 040( FRIO IONIAN C***** J6 A/SIDE 17/03 120< GRAND OCEAN 01/03A J14/15 A/SIDE 17/03 060( HOTAY1 3/04 J17 A/SIDE 17/03 050( LION HEART 1 J5 A/SIDE 17/03 060(
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      • 2 27
        2 words
      • 148 27 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 9 Sweden: Good Friday. Singapore: Good Friday. Philippines: Day of
        148 words
      • 806 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        806 words
      • 86 27 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
      • 568 28 Republic's order is worth US$320m; Golf Air to double fleet by 2010 Bloomberg [NEW DELHI] Empresa Brasileira de Aeronautica SA, the world's No 4 commercial aircraft maker, is banking on new orders from US-based Republic Airways Holdings and possible orders from Gulf Air
        Bloomberg  -  568 words
      • 361 28 Xinhua [JAKARTA] Indonesia's state-owned Merpati Nusantara Airlines plans to sell up to 51 per cent of its shares this year in a bid to raise cash to help finance the purchase of new aircraft, said its president. Hotasi Nababan said that the government
        Xinhua; FILE PHOTO  -  361 words
      • 154 28 Bloomberg [LONDON] European airlines' passenger traffic rose 4.2 per cent in the week ended March 7, led by higher demand on routes to North America, the Far East and Australasia, an industry group said. Traffic to Asia and Australasia rose 4 per cent from the
        Bloomberg  -  154 words
      • 141 28 AFP [KUALA LUMPUR] The pilot of a light aircraft which crashed in dense jungle in Malaysia five days ago was found dead yesterday but his passenger was rescued, the Bernama news agency reported. The pilot of the Piper 28 aircraft, Nasir Ma
        AFP  -  141 words
      • 347 28 Voice recorder of downed Rwanda plane found in UN filing cabinet Reuters [UNITED NATIONS] US experts will study a long-lost black box found last week in a UN filing cabinet for links to an air crash that triggered Rwanda's 1994
        Reuters  -  347 words
      • 391 28 India's low-cost airline seeks fond to expand fleet Bloomberg [NEW DELHI] Deccan Aviation Pvt, which operates a low-cost airline in India, said it plans to sell 26 per cent of its own shares to strategic investors to help raise funds for Air Deccan
        Bloomberg  -  391 words
      • 155 28 Bloomberg [NEW DELHI] Indian Airlines Ltd, the nation's biggest carrier by fleet, will lease four Airbus SAS A 320 planes this year as it seeks to replace older planes to cut losses and expand its network in the world's second-most populous nation. The airline
        Bloomberg  -  155 words
      • 425 28 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:
        425 words
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    • 140 19 9 lirliiini 4» ChiHlß#9 Ml HP tO SIX state 4 fKUoQIII Obtv InM'tfM tevto f. 105 J" 110" i '15' 120- 125 s fIW IJS- 140- '45 150 155 160- 165' -.1 <7- (Annx/finnM C A P a KabarTK fKumusta Ka?) v f Xin Chao! J (^awasdee^ r-Mttik ACES M-CAT
      140 words

  • Page 20 Advertisements
    • 845 20 I TO USA/CANADA 1 1 EXPORT I I OTHER DESTINATIONS 1 [rasa vor PKG I ETA SIHI LONG kao<| dauas I houstow I nmxtrms |CHKAGO I MEW TO«lt TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) j P&O NEDUOYD HOUTMAN 21E12 16/03 17/03 02/04 07/04 10/04 01/04 08/04 11/04 yjjja VOY ETA SIN
      845 words
    • 506 20 o>v Lines services represented by Mll |ISVf Accredited Shipping Agents, "=M lo 9' s y Singapore Shipping Association ssociation ULY UNE MALE fYESSEL VOY ETA ETA ETA A P. KLANG SPORE MALE Mold Star 546 18/03 20/03 29/03 Princess Lily 0204 26/03 28/03 05/04 Kota Tegap TGAO6I 05/04 15/04 i
      506 words

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    • 391 21 For Schedules, BL Scorches, ond Container Trocking, click on our Home Poge WWW.moUin.COm.»q V i'; r Z+' w v->tfjmßmm TO ADVCRnSS, CALL JOE WONG AT 4119 20tt OR BERNARD ONG AT 4119 1445 SHIPPING TIMES 1 I Mm MYANMA FIVE STAR LINE CONTAINER SERVICES w HlmSHllr BMO B67MN 24/03 30/03
      391 words
    • 983 21 lltt I f AMAttV lIU AMnft ■>,„ ISLANDS I lAS PALMAS cSSiStsmnmmltd SKfiR/u T&^ 4> M: iEKB!& I ❖iomwii CI MO: IITITOIMMO IS?M24WaMII|, iSffi tSsm/S I tsnewwe I johots oma convdiiknui mtomm *7?67?0i I a W—Wlltifi cosra /HBMP waw wp m: *****1144 Htv-iutm VSI/W $9 HK SUA QW UN Ml
      983 words
    • 381 21 [S^^^^iwfnHiffpßTniTinCTpCTwg^^i<^pS^nK^nsfft^w^H^sn [HTTUWIOSHK I Ufc|3l/3| 3/4 I7# I >/4 |tV4|H/l|lV4 IIPBCiAMBt 1404 i I H/l I 31/3 I 1/4 I </4 110/4111/41 IV4 1 |HTWOMBS I W4S| 7/4 I M/4| 14/4]M11V4121/4|ii/4"}| BIC HBBI |V 4 7/4 |/4 1V4117/4111/41 »/4 lnea Iwrl mI al l mlmla> I ua re, I m rasa
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  • Page 22 Advertisements
    • 793 22 ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: l»6tlflMW DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 mMMSvm mtKAurms bms comtma tarn TO wm/ms\mxA IVISSII Ivor SIH REIMWOHI LUAWPA iPOWtTt NOIRt MATAM U>RCVIUI|A>IDJAII|TtMA LOMt THKAM [COTOWOU AWA lotlHt ktfwfc*»i foMW 19/03 31/03 I I 27/04 21/04 25/04 15/04 24/04 I I 7~ Dehnos Fortmi 418W 19/03 05/04
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    • 193 22 O WINSTAR SHIPPING PTE LTD BATAM UNER: IE; 6261 1970 FAX; 6261 2531 PROJECT CARGO AND TUG A BARGE CHARTERING ********** FAX; 6272 3227 a NO. M*****0000C j Homopogo: www.wiretar.ioiii.sa Email: cwn.sa 6 Sdfags Wookly (Mm Sot) I Loading at Jurong Port Door to Door FQ/ICI/ Conventional Corgo fay*'"? SduUm
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    • 1167 22 WAN HAI INTERNATIONAL PTE LTD a NO: 14******0007T \AM\WAN HAI LINES V V »'WII llfll klllLJ naiLmiMtMiMi-mnanHnitLiMiatsmNUbMmM** JOH IB: (07) 251W23 FAX (07)251W21 SJi TL (031) *****75 ftUL (031) *****14/ *****05 www.wanhai (om SQ W*(Bl) S2S4IM S2S47MFM 714H0/7IUII MX:*****V M. >: |KI) 4IS7W ML- Ql) 4IMHS/4I4WW |VISS& J VOY PfN
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    • 605 22 MYANMA PQ FIVE STAR LINE (MyoMor National Line) Loading for Yangon VESSEL YOY SIN Ml PEN PGU PAGAN 327W SU) HPA-AN 31IW SU) IN MAUTSIA: IOUSTEAD SHIPPING AGENCIES RUL 03-*****300 PKL; 03-*****101 PIN: 04-*****02 ACCEPTINB CONVENTIONAL C6O VBSEI VOY HKG SIN PGU PKI KUC JACARANDA ACE 19 SID SID SID
      605 words

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    • 1399 23 VESSEL VOY KHH HKO SIN PKI DXB BAB DMM UK CAPE FRIO PCLBO2S SKIP SKIP 15/03 16/03 24/03 23/03 31/03 02/04 IRAN SATTARI PCLBO23 SKIP SKIP 18/03 19/03 28/03 29/03 03/04 07/04 IRANSHAHRYAR PCLBO29 SKIP SKIP 26/03 27/03 04/04 05/04 12/03 14/04 IRAN SATTARI PCLBO26 SKIP SKIP 10/04 11/04 20/04
      1,399 words
    • 670 23 UK CONTINENT SERVICE Loading for PANORMOS PRIDE RTM/ATW/BMN/UK/NAN GLORIUS RTM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for PLAMER DBl/ABU/DOH/BRN/DMM/KWT OLIVETTE DBl/ABU/DOH/BRN/DMM/KWT REGAL STAR HDD/JDH/AQA "Loads Singapore, E/W. Malaysia. Indonesia USA SERVICE Loading for STEUOS B CAM/NOL/SAV/TPC NENA M CAM/NOL/NFK/SAV •Loads E/W. Malaysia Indonesia F.E./S.E.A. SERVICES S pore Loading
      670 words
    • 799 23 as ?0! YKa m sin jki 21/03 mm CIM4 11ZM 2fiZfi2 I" U22H 22/03 22/03 ju AMIATA 7 HZ MM ZliM 23/03 r LLZI* 23/03 23/03 _ULSUUI Elftti 23/03 22/03 Mff* Um 24/23 25/03 ALAMJAYA2 MOT 2»/03 30/03 lIZ3B 2543 2t/03 B^l||| I|J lIJJJ t fW— IIZfH 27/03 28/03 -ffiSß
      799 words

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    • 593 24 24-25/03 3^31/0^ ■PPifll TIGER PEARL 170N 22-23/03 27 28/03 03-04/04 I HiMUitfil TIGER SKY 171N 27-28/03 01-02/04 07-08/04 MJuTTM SEA NAVIGATOR 172N 27-28/03 03-04/04 10-11/04 I ■MEflljH TIGER SHARK 173N 30-31/03 07-08/04 13-14/04 PBBm TIGER PEARI 174N 03-04/04 10-11/04 17-18/04 H9/03 2s-27/03 nSTi!^ HffMfflMl DALIAN 644 20-21/03 26-28/03 05 06/04
      593 words
    • 585 24 FREIGHT LINKS EXPRESS PmLTI* Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@singnet.com.sg ATTRACTIVI LCL rates to these various destinations SURABAYA BANGALORE NEW DELHI g SEMARANG MANILA CALCUTTA NHAVA SHEVA BOMBAY MADRAS PIS CAU. FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569/5553 PROJECT Cr HEAVYLIFT CARGO ifwElliß (CONVENTIONAL RORO) MmJTjuMf Lawrence Lim 6267 5555, H/P:
      585 words
    • 73 24 I'fo 11 tWMwsatDKB m ml Ibtiff 3n, |1J*****006-W 'ffi,-.!,. -.if, iirff.TT Sng%--TWTt lww ly/M/grTT-j pass ojmng wimm J AV avant SHIPPING LINES I M~* S-ntMn. Malaysia Port KJom, Pmmm. Pas* r**Uw, Thafod Baafkak, Loom Oiabang Vlaltaß Ho CMi MM Qty S por.Ag.nt PELANGI SHIPPING PTE LTD TIL *****177 FAX: *****616
      73 words
    • 1202 24 173z |PDZ LINES l/"fc SIMSAfO.t:,«*« ZlVl'ro f'»'' j l>tt t»w«wm>»mntMreaMAT»M.»wtwMMmiu»Ti«niMi m«ai mm ror nawi n*tiiu iron wr mi 1—4017 n/oa nm chock v M/M ~^r| 26/Q3 28/03 SAU»au«NI 4011 27/03 30/03 01/04 OVM I jglL JVO3 27/03 CKOIG 4021 02/04 04/04 CHOCK 4007 03/04 09/04 00/04 09/04 I JtUNGAIMSI 1
      1,202 words
    • 186 24 >58pc KTTgjgMMggyTgTl BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI IYPSB I VOYAGt ETASIWGATOtE ETAHAJUChTI IKHAIRPUK I QISHW 23-24/03/04 02-03/04/04 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood *17-07/08 Aptx Townr, Singapore *****5 T*i*phon«: 6270 0977 Facsimile: 6275 2309 T«Uw RS ***** SEAPAC DIRECT SIN NAMPO, D.P.R. KOREA I
      186 words

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  • Page 27 Miscellaneous
    • 121 27 8 REGIONAL WEATHER 8 FOR 7 AM 17 Mar 2004 Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols Showers Fu circle w/o line indicates calm or light and variable winds R a i n 1 One halt fleche represents 5 knots Cloudy Day -One full fleche represents 10
      121 words

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    • 116 28 Call toll-free 1800 289 88ft j^odcesosphjion^sg NOTICE TO SHIPPERS COSIGNEES OF SINGAPORE BRUNEI EAST MALAYSIA TRADE The following Lines Operating the Singapore Brunei East Malaysia trade wish to advise shippers consignees that with effect from Ist April 2004 there will be a revision to ocean freight rates as per followings:
      116 words