The Business Times, 23 March 2004
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2004-03-23
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The Business Times
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Title Section17 2004-03-23 1 MITA (P) 023/03/2004 85C THE BUSINESS TIMES Sti I NGAPORE I Internet: http://business-times.asial.com.sg TUESDAY, MARCH 23, 200417 words
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690 2004-03-23 1 POST-ELECTION MARKETS Major stocks down by daily limit; farther losses expected Bloomberg Reuters [TAIPEI] The Taiwan stock market suffered its biggest plunge in eight years and the currency slipped as street protests challenged the legality of President Chen Shui-bian's re-election and the NationalistBloomberg; Reuters - 690 words
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Article, Illustration1037 2004-03-23 1 Eddie Toh, Walton Morais - Economy stands to gain if PM gets free hand to push reforms: analysts By Eddie Toh, Walton Morais THE ruling coalition's success in halting an Islamic tide in Sunday's poll will boost Malaysia's standing among investors, analysts said yesterday. Profit taking capped earlySource: Bloomberg; AP - 1,037 words
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Article, Illustration599 2004-03-23 1 Raju Chellam - BT exclusive New regional HQ will help launch more than 100 new products this year By Raju Chellam [SINGAPORE] Japan's office equipment giant Canon Inc is betting big on Singapore. From next month, Singapore will be one of Canon's two regional headquarters the otherARTHUR LEE - 599 words
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Article74 2004-03-23 1 Dsn 1,812.16 (-26.96) ST INDEX FUTURES 1,815.00 (-33.00) SIMSCI 219.29 (-3.17) SIMSCI FUTURES 219.20 (-3.90) Monday Change KLSEH ».M P !♦»>*..% f 4.51 MKKKI 225 11,***** 1IW.IHI HAN(i SK.\(i —KJHM 239.67 SET INDEX »o.o7 .lAKAKTACUMI' __dused MANILA COMP_l,43l.67 -19.16 TAIPEI WPI 6,359.92 -455.17 SEOUL COMP .863.69 -19.64 SHENZHEN B74 words
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Article76 2004-03-23 1 FOREX RATES US* 8$ US$ (SS per US$) 1.692 £(US$/S$ per 1.835 3.105 E1'R()|I'SS/S$/K). 1.228 2.078 YEN 107.0 63.20 KM 3.800 2.245 HKS 7.793 4605 BAHT 39.48 ...2:1.32 HI PIAH 8,562 ...5.059 nana 8.299 4904 INDIAN KI I'KK 45.14 26.67 AS 1.335 .0.789 NZS 1.522 0.899 PRIME RATES SINGAPORE76 words
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Page 1 Advertisements
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Advertisement100 2004-03-23 1 Chipmakers' projects face delay, Pg 14 i*' 4 'iis'- ;h T 1 < i v *T if ■'.Li i I ,'®L.. I i fcllii It Im!**iHttwiilltHSiimt jsT&fWwllWßßß»f' "''''^THiIIIIHIHIIHII^^M wr i^^nS9|^l3|^ "Ife i^B v y^ Breguet. La passion laisse des traces. /?1 W Wristwatch "Grande Complication" in 18-carat yellow gold Hand-wound100 words
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Advertisement24 2004-03-23 1 INSIDE COMMENTARY Vince Chong: No reason for Khoostosell their golden goose Pg3 PROPERTY GE life sells 80 units of Haig Court in preview Pglo24 words
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NEXT page
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342 2004-03-23 2 It ties up with India's Bharti to go for Bombay and Delhi airports Reuters [NEW DELHI] India's leading telecommunications group, Bharti Enterprises, and Singapore's award-win-ning Changi Airport will pool their resources to bid for two of India's biggest airports whichReuters - 342 words
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ON THE grapevine
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Article162 2004-03-23 2 [SINGAPORE] Prime Minister Goh Chok Tong has sent his "heartiest congratulations" to Malaysian leader Abdullah Ahmad Badawi for having led the Barisan Nasional party to a landslide election victory. Mr Goh said in his letter: "You have won big... I am happy for you and Malaysia.162 words
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606 2004-03-23 2 Loh Hui Yin - Joint bid for Korean investment trust company possible By Loh Hui Yin [SINGAPORE] Temasek Holdings, on the prowl for investments in Asia, appears poised to invest more in South Korea through a stake in Kookmin Bank, the country's largest. The606 words
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Page 2 Advertisements
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Advertisement525 2004-03-23 2 Bharti expands services to 6 new Indian states, Pg 3 Goods and Services Tax Seminars 2004 Dates What 21-22 April 2004 The Goods and Services Tax (GST) rate has been raised to 5% with effect 19-20 May 2004 from 1 January 2004. In the course of the last few months,525 words
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Advertisement59 2004-03-23 2 Incorporation services in all 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 70 ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:59 words
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SINGAPORE companies
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Article, Illustration396 2004-03-23 3 Joyce Koh - Former dips while latter edges up on Belgacom's stock market debut By Joyce Koh THE share prices of Singapore Telecommunications and Singapore Press Holdings took different turns yesterday on the first day of trading for Belgacom SA. The initial public offering of Belgium's biggestSource: Bloomberg - 396 words
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596 2004-03-23 3 vince chong - HOCK lock siew vince chong DOES the market really believe that the Khoo family, with patriarch Khoo Teck Puat's death, will sell their prime freehold Goodwood Park Hotel site? Or that the family will sell their lucrative 13.5 per cent stake596 words
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Article, Illustration362 2004-03-23 3 AFP [BANGALORE, India] Indian cellphone giant Bharti Tele-Ventures announced yesterday a 20-billion-rupee (Ss7so million) expansion plan to provide services in six new states including revolt-hit Indian-administered Kashmir. Bharti, 28 per cent-owned by Singapore Telecommunications, will be the second company after state-owned BharatAFP; REUTERS - 362 words
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Article, Illustration832 2004-03-23 4 Deputy governor says it had enquired about rules on buying Thai banks Bloomberg [BANGKOK] Temasek Holdings Pte Ltd, the Singapore investment company, has shown interest in buying a stake in a Thai lender, said Tarisa Watanagase, a Thai central bank deputy governor. TemasekBloomberg; AFP - 832 words
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Article, Illustration321 2004-03-23 4 KEPPEL FELS Ltd, the rig building arm of Keppel Corp, has secured a US$ll4 million contract to add to its order books. The contract from Odfjell Drilling, an operator in the North Sea and North Atlantic markets, is for a KFELSFILE PHOTO - 321 words
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253 2004-03-23 4 Reuters SEMBCORP Logistics Ltd, South-east Asia's largest logistics firm, said yesterday it had entered into a joint venture to provide logistics and marine support services to energy firms in Iran. The joint venture firm, SOPS Iran, will invest US$l.35 million over the nextReuters - 253 words
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Article, Illustration552 2004-03-23 5 Serena Ng - New company eyes listing and is also baying 28% stake in medical business By Serena Ng THE judicial managers of debt-laden Excel Machine Tools have found an investor willing to fork out $13 million cash plus new shares for the loss-making precisionFILE PHOTO - 552 words
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260 2004-03-23 5 Daniel Buenas - Company owes $2.5m to bank balance due on Sept 2001 judgement By Daniel Buenas UNITED Overseas Bank (UOB) has filed a winding-up petition against Sesdaq-listed precision engineering services company Ho Wah Genting International for unpaid debts. In a statement yesterday, Ho260 words
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Article, Illustration318 2004-03-23 5 SESDAQ-LISTED colour lenses maker Oculus said in a statement yesterday that it has achieved an indicative subscription rate of 42.5 per cent for its proposed rights issue, which was announced two weeks ago on March 8. About 19.7 million shares are to be taken318 words
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COMPANYBriefs
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131 2004-03-23 5 VICOM Ltd, which provides vehicle inspection services, is buying 41.5 per cent of JIC Inspection Services Pte Ltd for $3 million. The company said yesterday it has agreed to acquire 1.2 million and 160,000 shares in JIC from CIAS Enterprises Pte Ltd and131 words
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102 2004-03-23 5 NATSTEEL Ltd said yesterday wholly-owned subsidiary Eastern Industries Pte Ltd has disposed of its entire 23.8 per cent equity stake in Yangtze Cement Holdings Pte Ltd for $11.4 million cash. The net carrying value of Nat Steel's equity interest in Yangtze Cement was about102 words
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96 2004-03-23 5 CHINA Aviation Oil Singapore Corp Ltd, which has a near monopoly on the supply of China's jet fuel imports, is requesting a trading suspension today pending a corporate announcement. China Aviation shares closed one cent down at $2.35 yesterday. The company reported a 12.5 per cent96 words
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Page 3 Advertisements
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Advertisement409 2004-03-23 3 OPTIONETICS PROUDLY PRESENTS THE OPTIONS COURSE The Secret to High Profit4jow Risk Trading At this unique FREE SEMINAR, you will learn how it is possible to: Trade on the NASDAQ and U.S.A. stock Trade risking as little as $50 Find explosive trades in only 5 minutes a day Make money409 words
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Advertisement6 2004-03-23 4 iiiv^ I u^iH|^^hfeß^^ESM|jM^BHHMlMHßHrilMfe9^^^^^|Hn|ll B*l 1 16 words
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Page 5 Advertisements
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Advertisement279 2004-03-23 5 |J.ii-I-*#-- 44£>J A M m J|f Top 10 Cars of 2003,. Best Buy of 2003, IP Large Family Saloon Best Large Sedan "Big, comfortable and wefl-made, the new ...The Cefre haa greater engine Cefiro is exactly what a large family car refinement, a modwwi<lc taaok design and should be... the279 words
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SINGAPORE markets
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Article, Illustration630 2004-03-23 6 VEN SREENIVASAN - Compiled by VEN SREENIVASAN Singapore Press Holdings March 22 dosing: $18.30 SPH will reap a gain of between $100 million and $110 million from the IPO of Belgacom. SPH has a 10 per cent stake in the joint-venture company, Sing Tel which has sold shares in the IPO.Source: Bloomberg - 630 words
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Article, Illustration273 2004-03-23 6 Ven Sreenivasan - HOT STOCK WARRANT By Ven Sreenivasan LAST week, the London-based FTSE Group, which manages the widely tracked Footsie Index, announced that it planned to increase the weighting of Singapore stocks in its Asia-Pacific index to 5.1 per cent from 4.9 per cent. It alsoSource: Bloomberg - 273 words
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Article, Illustration636 2004-03-23 6 ven sreenivasan - BT comment STOCKS ven sreenivasan THE Singapore stock market yesterday floundered and fell to its lowest levels since the beginning of this year as nervous market players bailed out amid a severe bout of volatility and weakness across the region. And636 words
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Article, Illustration593 2004-03-23 6 larry wee - BT comment CURRENCIES But most analysts see it more as an opportunity to sell US dollars at better levels larry wee THE weekend's untidy election in Taiwan extracted some toll on Asian currencies in early Asian trading yesterday, but most players do not expectSource: Reuters - 593 words
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TRADES TO WATCH
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Article, Illustration75 2004-03-23 6 iviir vi #111 iiiiiv THE managing director of Jardine Cycle Carriage, Philip Eng (right), yesterday converted 120,000 options into shares at an exercise price of $2.33 each. The move, which cost him about $279,600, raised his direct shareholding in the car distributor to 133,33375 words
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77 2004-03-23 6 A DIRECTOR of Comfort Group, Ho Kah Leong, on March 19 sold 20,000 shares of transport giant ComfortDelgro Corporation in the open market at $1.05 per share. The sale reduced his direct shareholding to 150,146 shares. Earlier this month, Mr Ho sold another 50,000 shares at77 words
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Article73 2004-03-23 6 KIM Eng Holdings executive director Ong Seng Gee yesterday bought another 100,000 shares via Wise Elite Investments from the open market at $1.24 apiece. He had earlier picked up 100,000 shares on March 18 at $1,255 each. The latest purchase raised Mr Ong's deemed73 words
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56 2004-03-23 6 SERENA NG - Fund boosts stake in Elec Eltek Compiled by SERENA NG PRINTED circuit board maker Elec Eltek International yesterday said fund manager Value Partners raised its deemed shareholding to 7.06 per cent from 6.07 per cent following open market purchases of around 1.45 million shares on March 19. Shares of the56 words
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Article, Illustration417 2004-03-23 6 OTHER SINGAPORE INDICES Mar 22 VALUE CLOSE BTOfl/OS -423.00 -97.00 BTCADI -*****.00 -208.00 BT 10-day MA -*****.00 -43.00 AH-SG Equities 490.87 -5.73 SG Equities Elect 171.26 -2.39 SG Equities Fin 1457.87 -36.97 SG Equities Prop 448.22 -3.56 SIMSa 219.29 -3.17 SiMSCI Futures 219.20 -3.90 Stock* Volume L&Mlc 56,662,000 Rowsley Ltd417 words
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Page 7 Advertisements
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Advertisement219 2004-03-23 7 Internet m t PacNet 384 Kbps Broadband Plan gives you value for money. Take advantage of PacNet 384 Kbps Broadband Plan, the Internet solution designed to give small business the best of both worlds. Now, you can have the luxury of fast connection and "always-on" unlimited Broadband access from only219 words
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SMALLcaps
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Article, Illustration796 2004-03-23 8 SERENA NG - ISG Asia makes strategic move that would give it recurring earnings, writes SERENA NG SERENA NG LESS than a year after City Axis was listed on Sesdaq in July 2002, the interior fitout services firm decided that its penny stock image was hindering its ability to attractCHRIS LOH; Source: Bloomberg - 796 words
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453 2004-03-23 8 Teh Hooi Ling - By Teh Hooi Ling THE malaise of the market has affected our smallcap portfolio as well, resulting in a 1.5 per slide in portfolio value. Among the top losers in the last five trading sessions were Lum Chang, Norelco, Courts and Magnecomp. Cosco Corp453 words
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Article1582 2004-03-23 8 SXOOM FUTURES Mar 22 7 r* 1 ■INK11 aluM (Oaring prices) RSS1 (S cwUAij) Ctos* VotaM OpM |M-i. M* ti A ft WOBOI roy» LOW Hu iWMfl) IfMffSI *f»04 228.50 Kay 04 228.50 Jin 04 232.00 Jtltft«04 238.00 Oct/Dtc 04 249.00 Jan/Mar 05 242.00 RSS 3 (US cafe/kg) VotaM1,582 words
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Page 9 Advertisements
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Advertisement58 2004-03-23 9 I HDB Hub Toa Payoh I J*l Office For Lease I Mm I Floor areas of I Wm m I 3,000 sqf onwards I Ift I S5Sf High low floors jjSSg Corporate lobby gg7 Raised flooring M T'T* Immediate occupation Attractive I Frank PtoLM CoHere International I Frmnk 'Gregory Sim58 words
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Advertisement720 2004-03-23 9 True connectivity for true accessibility. With Star Hub, you no longer have to worry about your email, voice and data needs when you're overseas. Our extensive GPRS roaming network lets you run your business and personal matters almost anywhere in the world whether you're in China, India or the USA.720 words
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SINGAPORE news
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Article, Illustration571 2004-03-23 9 Vince Chong - Up to $14,000 psm for state land portions; up to $7,000 for private segment By Vince Chong ELEVEN subterranean linkages planned and existing ones will qualify for building and upgrading cash grants under government initiatives. A grant of up to $14,000 per square571 words
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340 2004-03-23 9 Daniel Buenas - By Daniel Buenas CHIEF executives and managing directors are the key agents for effecting organisational change for companies here, while the regional economic situation is the most significant factor in prompting the need for change. This is according to a recent survey by340 words
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181 2004-03-23 9 LEADING global elevator company ThyssenKrupp Elevator announced yesterday that it had acquired the service business of Elevator Service 1 Pte Ltd in Singapore. This brings to 2,700 or a doubling of the units here being maintained by ThyssenKrupp. ThyssenKrupp Elevator now has 2 per cent181 words
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Article, Illustration512 2004-03-23 11 Cheah Ui-Hoon - By Cheah Ui-Hoon A NEW film rating MlB (or mature 18) for movies is expected to increase box office earnings by 20 per cent for cinemas and film distributors here. And the amount could double with a movie as popular as TheREUTERS - 512 words
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Article, Illustration440 2004-03-23 11 Uma Shankari - Alexandra Hospital staff to move there in March 2009 By Uma Shankari ACTING Health Minister Khaw Boon Wan announced yesterday that the new public hospital in the north will be built in Yishun central. The idea for a hospital in the north was announcedFILE PHOTO - 440 words
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FOCUS property
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Article, Illustration401 2004-03-23 10 Kalpana Rashiwala - The freehold project at $610 psf is seen as close to 99-year leasehold prices in Tanjong Rhu area By Kalpana Rashiwala BREAKING the current quiet spell in property sales, Great Eastern Life sold 80 units at its completed Haig Court401 words
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546 2004-03-23 10 Bloomberg LAND prices in the Tokyo region fell 4.9 per cent in 2003, the least in six years, suggesting that Japanese deflation may be easing. Nationwide prices declined from a year earlier at a slower pace for the first time since 1997. NationwideBloomberg - 546 words
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Page 10 Advertisements
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Advertisement313 2004-03-23 10 Luxury Residential Site For Sale, Angullia Park 77 rz.. 3 minutes walk to 7^« Orchard Road 4551 Approx. 29,078 sq ft plot ratio 2 Height control up to /z/ V 36 storeys Freehold 71 jgys CBRE Tel: 6224 8181 cb richard ellis Future Taniong T~~- Land area 38,662 sq ft313 words
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Advertisement280 2004-03-23 10 Prime Land For Sale Alexandra Road ~n Prominent frontage 4 separate plots \v/• 41,000 sq ft upwards c2ST /O Showroom /vx v^^s h#woom Vacant possession A*/ Showroom Private treaty 7 r^s^ 7 *45 years lease WKMWT "wit 1 |//i ,asas (^—/ZJ CBRE Tel: 6224 8181 cb richard ellis mMri i280 words
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Advertisement127 2004-03-23 10 Freehold Ground Floor Warehouse Units at THE AMTECH BUILDING r JJ Z adjoining units 7 ,56~ sf 10,958 sf) t B Modern 7-sty devt at Sin Ming Thomson 7.5 m ceiling ht -30KN sm fir loading m kiSI Ample carpark loading bays J M a J Tenanted to MNC 7%127 words
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Page 11 Advertisements
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Advertisement811 2004-03-23 11 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND POWER PTE LTD (In Members' Voluntary Liquidation) NOTICE QF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company will be811 words
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Advertisement1980 2004-03-23 11 2003 Consolidated Financial Statements (in millions of Canadian dollars) CONSOLIDATED BALANCE SHEETS CONSOUDATED STATEMENTS OF INCOME S millions, as at October 31 2003 2002 S millions, for the years ended October 31 2003 2002 2001 ASSETS Interest income Cash resources Loans S 8,138 7,865 9,448 Cash and non-interest-bearing deposits with1,980 words
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EDITORIAL & opinion
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Article, Illustration676 2004-03-23 12 shada islam - THE bottom line OPINION shada islam EUROPEAN Union leaders meeting in Brussels this week were scheduled to study ways of boosting EU competitiveness and injecting new vigour into the bloc's plans for growth and recovery. Instead, the two-day meeting on March 25-26 looks set676 words
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Article102 2004-03-23 12 'Many justices have reached this court precisely because they were friends of the incumbent president or other senior officials.' Antonin Scalia a US Supreme Court judge, after accepting Vice-President Dick Cheney's offer of a ride on Air Force Two for a duck hunting trip, taking along his102 words
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Article624 2004-03-23 12 EDITORIAL THE message from Malaysian voters was unequivocal: there is no place for fundamentalist Islam in the running of the state. In giving the ruling National Front, or Barisan Nasional, almost 90 per cent of the seats in Parliament, throwing out the theocratic Parti Islam SeMalaysia (better624 words
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Article, Illustration1109 2004-03-23 12 Anthony Rowley - After leaving it to the private sector for years, multilateral development banks may need to step up infrastructure lending in East Asia again From Anthony Rowley in Tokyo IN the early *****, the then World Bank chief economist for East Asia, Vinod Thomas, drew attentionAFP - 1,109 words
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Article436 2004-03-23 12 William Pesek Jr - COMMENTARY Bond Girls and Bond Boys plug Japan's debt By William Pesek Jr Bloomberg FEW consider bonds glamorous. That is, unless you're talking about Japan, which is adding some panache to the oh-so-unexciting world of government borrowing. The Ministry of Finance, for example, employs actress andBloomberg - 436 words
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Page 12 Miscellaneous
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Miscellaneous214 2004-03-23 12 CRYPTIC CROSSWORD 29 Imprison criminal? Splendid! (7) 8 Look out for uneven pave- YESTERDAY'S SOLUTION 30 Houseman declares they're merits! (5 4,4) Across: 1 Fiddlesticks, 9 Unin the EU (6,6) 14 Hesitate to get a curl.ng-.ron wage(j 1Q Faience Nai| 12 DOWN 15 It may grow in a small enclo-214 words
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Page 13 Advertisements
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Advertisement2067 2004-03-23 13 |Qjjjjjj^Q^^^^^j^^|^Fo«dvertis«^cdiHulHrc^Bo^B^M2^^ndl^otjcM*sphxoa^g IPC CORPORATION LTD Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of IPC Corporation ("the Company") will be held at 23Tai Seng Drive. IPC Building, Singapore *****4 on 8 April 20CH,Thursday at 10.00 am for the following purposes: AS ORDINARY BUSINESS 1. To2,067 words
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Advertisement1708 2004-03-23 13 IUS.I'.HIT&T Keppel Telecommunications Transportation Ltd (Incorporated in the Republic of Singapore) Notice of Annual General Meeting Closure of Books ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the Annual General Meeting of Keppel Telecommunications Transportation Ltd (the "Company") to be held at The Oriental, Singapore, The Oriental Ballroom 1, Lobby Level1,708 words
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Article, Illustration1079 2004-03-23 14 Transaction date: Mar 22 PfTERBAMK CROSS RATES AS CS Rwib Euro HK$ Ind Rs Ruptah Yen Won Ml NZS P«fc Rs Peso S$ Rud Sfr NT$ Balrt Pound US$ Australia 0.998 6.216 0.610 5.837 33.809 64.129 0.801 8.690 2.846 1.M0 43.061 42.252 1.268 4.982 0.951 24.929 29.569 0.408 0.7491,079 words
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REGIONAL news
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471 2004-03-23 14 TAIPEI Uncertainty over whether Chen will allow them to start production there Bloomberg TAIWAN Semiconductor Manufacturing Co and Advanced Semiconductor Engineering Inc may be forced to delay more than US$l.l billion in chipmaking investments in China after the election of the island's incumbentBloomberg - 471 words
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Article, Illustration355 2004-03-23 14 BEIJING Reuters CHINA will limit the amount of foreign currency local residents can change into yuan in its latest attempt to curb speculation of yuan appreciation. Weeks after halving the amount of dollars non-resi-dents can change into yuan, China's foreign exchangeReuters - 355 words
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287 2004-03-23 14 BANGKOK Reuters THAILAND plans fresh measures to rein in a fastgrowing credit card industry blamed for rising household debt as it tries to avoid a possible consumer credit bubble. The measures, expected to be announced by the Bank of Thailand later thisReuters - 287 words
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393 2004-03-23 14 SEOUL Daily says they will pomp in US$500m each into project Bloomberg SOUTH Korea's Hynix Semiconductor Inc yesterday said it may team up with STMicroelectronics NV, Europe's largest chipmaker, to build a memorychip plant in China, the world's fastest-growing semiconductor market. STMicroelectronicsBloomberg - 393 words
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233 2004-03-23 14 KUALA LUMPUR Bloomberg Bernama SCOMI Group Bhd, a Malaysian company that provides services to the oil and gas industry, will sell its au-tomotive-related businesses, including its Scomi Precision Engineering Sdn unit, to Prestar Resources Bhd. BT reported its possible sale last week.Bloomberg; Bernama - 233 words
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449 2004-03-23 15 BEIJING Move follows success of scheme allowing foreigners to buy A-shares CHINA will close its for-eign-currency B-share markets, launched in 1991 to attract funding for industrial development, at some unspecified date, reported the Financial Times yesterday. The China Securities Regulatory Commission (CSRC), the449 words
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398 2004-03-23 15 HONG KONG Robust showing driven mainly by Chinese companies ASIAN companies have raised a record amount of funds on equity markets in ,the first three months of the year, a sign that investor enthusiasm for the region's stocks remains undimmed. Companies in398 words
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Article, Illustration322 2004-03-23 15 Reuters CHINA is striving to avoid a hard landing by seeking stability in the nation's economic growth and hotly debated yuan currency, state media said yesterday. At a high level annual meeting that began on Sunday, Vice-Premier Zeng Peiyan said ChinaReuters; AFP - 322 words
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463 2004-03-23 15 BEIJING Suit stems from its handling of venture firm's collapse More than 40 Chinese companies are suing the People's Bank of China, the central bank, accusing it of administrative misconduct in handling the collapse of a high-profile venture capital company in the late463 words
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314 2004-03-23 15 HONG KONG Reuters HONG Kong regulators are considering plans to amend current rules that ban local Real Estate Investment Trusts (Reits) from investing in overseas markets, the Securities and Futures Commission (SFC) said yesterday. "We are keen to see a set ofReuters - 314 words
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Page 14 Advertisements
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Advertisement430 2004-03-23 14 NUCLEUS ELECTRONICS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Nucleus Electronics Ltd ("the Company") will be held at 41 Kaki Bukit Place Singapore *****9 on 8 April 2004 at 10.30 a.m. for the purpose430 words
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Article42 2004-03-23 15 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 Day42 words
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Advertisement90 2004-03-23 15 save tax/ Our qualified professionals j can you with offshoM British Virgin islands Cayman Islands Bahamas Mauritius PIHHHHHI Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please contact:90 words
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Article810 2004-03-23 16 Transaction date: Mar 22 iwt Omt im&mmt O— O—p U/Hn U< 0X3 >060 .0010 MX <66 2.130 .0010 M. Ml US20i 039 0 750 0 005 OCK 170 HjSOO -0 M0 CaplUUntf 1 22 1M0 Prtwn H 2Sc CM 1.100 -0020 Owt SonCond 2C< 125 1 *90 <0060 Pf810 words
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Article686 2004-03-23 16 BONDS WARRANTS Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or COOP) Ratio Price ing Left 3698 ASTIW*****1 40 -3 33 1 16 -1 1.41 3 3697 Acma Ltd W*****6 .0.5 1 50 573 15.00 8 3602 Amtek W*****0 „.96.5 1 33 1 1.33 15686 words
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Page 16 Advertisements
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Article72 2004-03-23 17 Wot, 0»y LactQuote GrDhr Dtv GrYW Net MCap taw codt Comp—ir S»l» W- COOP) HMi Low »wy«r Sdter Cw P/t «jj<5 2060 2000 6065 Diamonds US2060xd 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS&PSOO US8270 ***** 9650 6170 SPDRS ..US******d 11272 words
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Article1936 2004-03-23 17 I* 1 v D*Jf L*t Quote GrOw Dtv GrVM Net MCap Wgfc low Code Cowp«wy Sale COOP) High Low luyr Sdter Cvr WE S«3 26 7.5 5000 ABRHIdgsSc, 16.5 15 175 31 42 J101 APOiISc 31 -0.5 23 31.5 31 30.5 31 5 N9.1 0.8 12 32J <6.51,936 words
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Article360 2004-03-23 17 I*. Vol Day Let Quote GrOtv Div GrVM Net MCn Htfh Low Cod. C«—»y s*. W- rOOO) W* Urn -yr S-er Cw WE twS 228 98 5 6000 AVJeon.ngs A2Sc A224 -3 131 228 223 223 225 40 8 8 4.5 8.5 482 1 2X1 265 2.1 7360 words
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WORLD news
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893 2004-03-23 17 NEW YORK But profit-wise, No 2 Exxon Mobil leads the pack with earnings of US$22b, against Wal-Mart's US$9b AP Reuters A TAIL wind of improving economic conditions blew many major US companies to record revenues last year, but none was ableAP; Reuters - 893 words
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293 2004-03-23 18 STOCKHOLM AFP MOBILE phone maker Ericsson said yesterday it intends to raise its stake in Symbian, a producer of smartphone software, in an effort to block Finnish rival Nokia from taking control of the company. The plan follows Nokia's decision toAFP - 293 words
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365 2004-03-23 18 TOKYO Planned investment of 5.8t yen less than half the amount added this year Bloomberg JAPAN'S public pension fund will cut investment in bonds and stocks at home and abroad in the year starting April 1. At 5.8 trillion yen (5591.6 billion),Bloomberg - 365 words
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584 2004-03-23 18 BRUSSELS Ruling on antitrust case this week will set basic principles NYT, Reuters WHILE the European Commission this week goes through the final steps to conclude its five-year case against the Microsoft Corp, the company's legal problems in Europe are far from overNYT,; Reuters - 584 words
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Article, Illustration461 2004-03-23 18 NEW YORK 2003 bonuses set to match boom of 2000 and 1999 bat companies granted fewer stock options BONUS payments for senior US executives are on track to match levels reached during the last boom, as rising awards in cash and shares makeFILE PHOTO - 461 words
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WORLDWatch
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Article161 2004-03-23 18 AFP [BERLIN] Germany and France want a European to replace German Horst Koehler as head of the International Monetary Fund, in line with tradition," German Finance Minister Hans Eichel said yesterday. Even though the issue of Mr Koehler's successor had not officially been onAFP - 161 words
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118 2004-03-23 18 Reuters [GAZA] Palestinian militants vowed yesterday to "send death to every home" in Israel to avenge the killing of Hamas spiritual leader Sheikh Ahmed Yassin. In Gaza, where Mr Yassin was assassinated after dawn prayers, thousands took to the streets in an outpour of grief.Reuters - 118 words
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Article126 2004-03-23 18 Reuters [LAGOS] Royal Dutch Shell announced yesterday a "strategic transformation" of its Nigerian unit involving job cuts and rapid growth in oil output. Shell Petroleum Development Co of Nigeria, still reeling from a reserves correction that saw 1.3 billion barrels wiped off its books, said itReuters - 126 words
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Article113 2004-03-23 18 Reuters [MUNICH] German manufacturing conglomerate Siemens AG is considering moving more than 10,000 jobs to low-wage countries in eastern Europe and Asia, union sources said yesterday. Siemens management and the IG Metall engineering union will discuss next week ways to cut costs at several GermanReuters - 113 words
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Article87 2004-03-23 18 Reuters [NEW YORK] Credit Suisse First Boston said yesterday it is creating a new division focused on alternative investments ranging from private equity to hedge funds. It named one of its top bankers, Bennett Goodman, as head of the group. CSFB said the new group,Reuters - 87 words
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127 2004-03-23 18 Bloomberg [TOKYO] Sony Corp said reorganisation costs will increase to 175 billion yen (Ss2.B billion) this business year as more workers than expected choose early retirement. Sony estimated earlier that the changes would cost 150 billion yen for the year ending March 31. The companyBloomberg - 127 words
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Page 18 Advertisements
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Advertisement1282 2004-03-23 18 To advertise call toll-free 1800 289 8822 Email: notlce»tfsph.cow.»n CSI Colorland Animation Limited (Incorporated in Bermuda with limited liability) otoriMCmtx* Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of the Company will be held at 138 Robinson Road #15-01 The Corporate Office Singapore1,282 words
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SHIPPING TIMES
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Article, Illustration612 2004-03-23 19 Donald Urquhart - Vessels required to give no-pollution guarantee, assessment of hull integrity Reports by Donald Urquhart [SINGAPORE] A ship in distress in the Singapore Strait will be denied a "safe haven" or "place of refuge" in Singapore port waters un--less it meets a series of stringentFILE PHOTO - 612 words
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Article282 2004-03-23 19 SGX 'MO Mo 22 SS Vol CH Offshore .0.37 0.01 ***** ChuanHup .0.53 unch 3730 Cosco Investment 0.98 -0.06 ***** CWT Distribution 0.54 unch 2 EzraHldgs 1.08 unch 142 Freight Links _..0.12 -0.01 65 GB Holdings 0.72 -0.02 30 Java Holdings 0.80 -0.02 557 K1 Venture 0.24 unch282 words
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248 2004-03-23 19 [SINGAPORE] The early accession to a key international pollution protocol shows the seriousness with which Singapore views pollution and safety in local waters, Transport Minister Yeo Cheow Tong said yesterday. In his opening address at the International Chemical and Oil Pollution248 words
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351 2004-03-23 19 At APM 2004, 242 leading maritime players from 28 countries will convene, featuring equipment suppliers, ports and terminals, shipyards as well as leading international maritime associations. APM 2004 organisers have gone beyond the traditional exhibition mainstay and have forged ahead with other value-added351 words
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Article129 2004-03-23 19 APM 2004 brings together 70 hosted buyers from all over Asia. They are key industry players in areas of maritime equipment or services procurement. Besides engaging with exhibitors to explore collaborative opportunities and foster stronger business relations, many are also looking forward to getting updated129 words
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AVIATION news
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Article, Illustration639 2004-03-23 20 Though food has become another competitive tool in the post-Sept 11 era, not many airlines are ready to embrace the idea of paid meals NYT AIRLINES are trying to find the right formula for food. American Airlines recently decided toNYT - 639 words
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SHIPS IN PORT
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Article611 2004-03-23 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER338 E4076 J3 A/SIDE 23/03 0300 CJNIA3-16 04/04 J7/8 A/SIDE 23/03 1800 GRACE 03/04 J8/9 A/SIDE 23/03 1500 J BETTER 0405 J24/25 A/SIDE 23/03 2300 LAB ROY 159 EBLS05 J5 A/SIDE 23/03 1000 MARCOPOLO 46 01/04J J13 A/SIDE 23/03611 words
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Article86 2004-03-23 25 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 made86 words
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Article145 2004-03-23 25 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 Valor. Norway: Good Friday. NZ: Good145 words
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Article816 2004-03-23 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 individual816 words
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AIR & LAND transport
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Article, Illustration556 2004-03-23 26 Donald Urquhart - But Cheow Tong says key term is simple: it most be majority owned by S'poreans By Donald Urquhart [SINGAPORE] Qantas has no existing licence to operate a low cost carrier out of Singapore, contrary to last week's Australian media reports, transport556 words
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Article, Illustration368 2004-03-23 26 Losses forecast to widen on higher fuel costs and tougher price competition Bloomberg [NEW YORK] Prospects for a recovery this year among US airline companies including AMR Corp, Northwest Airlines Corp and Southwest Airlines Co are eroding, analysts said. AMR, whose American AirlinesBloomberg; FILE PHOTO - 368 words
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500 2004-03-23 26 It says airlines with revenues in euros eager to tap exchange rates Reuters [LONDON] A weak US dollar is spurring European demand for leased planes and helping a nascent recovery in the hard-hit sector, US lessor CIT Aerospace said. The trend offers reliefReuters - 500 words
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140 2004-03-23 26 AFP [BEIJING] Lu Zhenyuan, an eight-year-old Chinese boy, did not look young enough to merit an airfare discount, but now he has proven old enough to drag the airline company to court, state media said yesterday. Lu, a resident of eastern Ningbo city, bought theAFP - 140 words
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270 2004-03-23 26 Emirates, Gulf Air and Qantas can now up flights AP [CANBERRA] Australia and the United Arab Emirates agreed yesterday to expand their air services agreement, granting Emirates Airlines, Gulf Air and Qantas Airways Ltd the right to increase flights between the two countries.AP - 270 words
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235 2004-03-23 26 Reuters [AMSTERDAM] Dutch airline KLM, about to be absorbed by Air France in a friendly merger, denied that its plan to join the Sky Team alliance had been delayed. Dutch newspaper De Telegraaf reported the delay was because the procedure was more complicatedReuters - 235 words
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Article425 2004-03-23 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:425 words
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Page 19 Advertisements
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Advertisement138 2004-03-23 19 /nr MWipvpniPijPi^^^^HHH I I T„ Qantas has no licence to run budget airline here Watch out for a six-page supplement on Hopes for US airline recovery fading: analysts Asia Pacific Maritime 2004 Eight-year-old sues airline in tomorrows issue ,or overcharging ACES M-CAT COMMUNICATION SYSTEM- J KEEPING YOU CONNECTED ALL ACROSS138 words
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Page 20 Advertisements
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Advertisement651 2004-03-23 20 I Import i I NORTH AMERICA AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (AUSTRALIA ASIA EXPREBB (AAX) VESSEL VOY LGB SIN KG f—^ 1 VESSEL VOY INI SYD Mil AM. FRi SIN PKG 10S ANGELES EXPRESS 03W10 10/03 21/03 30/03 PtO NEDUOYD SOUTHAMPTON 40W11 17/03 04/04 06/04 mWOW 70M 14/03 ,4/03 20/03651 words
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Advertisement517 2004-03-23 20 Lines services represented by Mlffo Member, of ih. RegSry of iSSBS <f Accredited Shipping Agents, n°n,jy Singapore Shipping Association ssocia ion g ULY UNE MALE AVESSEL VOY ETA ETA ETA A P. KLANG SPORE MALI Princess Uly 0204 26/03 28/03 05/04 Koto Tegap TGAO6I 05/04 15/04 Mold Star 547 13/04517 words
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Page 21 Advertisements
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Advertisement838 2004-03-23 21 M(X Combines a range of shipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also acnpt litre-Asia Cargoes to: KUSAN KWANGYANG SHANGHAI YANTIAN XMMH QMGOAO BELAWAN JAKARTA SURABAYA KAOHSiING BANGKOK LAEM CHAMItG HOCHMMNH PAS« 6UDAWG PPiANG POtUKfIAHG For Schedules, BL Searches,838 words
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Advertisement930 2004-03-23 21 SAILINGS CANARY ISLANDS <► LAS palmas GWERAI AGENTS M SINGAPORE: 16RAFFUS QUAY *36-01 SALES/NGS TIL *****657/43 FAX: *****321/24 I mnP/iiH COSTAR SHIPPING PTE LTD HONC LK>NG »>«UHNG OUTWARD (t/u M2OSM2 623*5325/75 I ARRECIFE X»IIMH9<»W* SBSAPOK *****1 INWARD (0/0) *****7U 623«531»/49 I A TCMCDIEE (X WO: *****8W000* TEL: 6226 1900 (MAIN)930 words
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Page 22 Advertisements
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Advertisement1553 2004-03-23 22 I |U| A O ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: d*tma*«<Mmas.coai.s« \JCLiIYI#%9 DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 MUMS CROSSTtAN UHB RJU CONTASKR SBtVKE 10 WIST AFRICA vfc HMOPE Ivtssa VOY SINGAPORE POUT KILAN6 Li HAVR6 DAKAR tAMJUL CONAKRY Hywwki Confidence 307W 29/03 30/03 14/04 26/04" 30/04 I 05/05 iyundaHjghfles 349W 05/04 06/041,553 words
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Advertisement558 2004-03-23 22 BSA jl MYANMA ■H FIVE STAR UNE (Myanmar National Ur«) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 32m SID HPA-AN 318W SU> IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES RUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC OCEANIA QUEEN Hi SID558 words
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Page 23 Advertisements
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Advertisement1484 2004-03-23 23 [VESSEL VOY KHH HKO SIN PKL DXB BAB DMM MK~| VANCOUVER PCL3S6 SKIP SKIP 26/03 27/03 04/04 05/04 11/04 13/04 IRANSHAHRYAR PCLBO3O SKIP SKIP 31/03 01/04 08/04 09/04 15/04 17/04 IRAN SATTARI PCLBO26 SKIP SKIP 12/04 13/04 22/04 23/04 29/04 01/05 IRAN SHAHRYAR PCL 8032 SKIP SKIP 23/04 24/04 02/051,484 words
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Advertisement640 2004-03-23 23 4 fc UK CONTINENT SERVICE Loading for PANORMOS PRIDE RTM/ATW/BMN/UK/NAN GLORIUS RTM/ATW/BMN/UK/NAN Loads Singapore, E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA HDD/JDH/AQA •Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for STELIOS B CAM/NOL/SAV/TPC NENA M CAM/NOL7NFK/SAV •Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading for SOO KWANG640 words
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Advertisement758 2004-03-23 23 Ytsstl VOY SIM PGU _ffiS£L YQI 33 *1 PAC lANDA U72N 24/03 25/03 PA( SUIU PIMi 25/03 27/03 PA( »ANDA M73N 25/03 26/03 AitMim? BUS 28/03 30/03 PA( lANDA 1174N 27/03 2«/03 PAC lIHTAM 2241 IUII2 02/D4 PAC »AHDA U7SN 29/03 29/03 AUMJAYA 2 M9O 04/04 06/04 pac um UM758 words
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Page 25 Miscellaneous
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Miscellaneous122 2004-03-23 25 Sregionalwe/WHEF^^^^^^^s^^ 5 FOR 7AM 23 Mar 2004 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols "V" Showers -> 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 Hazy A -One solid122 words
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