The Business Times, 31 March 2004
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2004-03-31
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The Business Times
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Title Section15 2004-03-31 1 THE BUSINESS TIMES MITA (P) 023/03/2004 850 SINGAPORE WEDNESDAY, MARCH 31, 2004 Internet: http://business-times.asial .com.sg15 words
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Article, Illustration601 2004-03-31 1 Tang Weng Fai - BT exclusive Operators may also hit animal jackpot of US$235m to US$335m By Tang Weng Fai [SINGAPORE] A casino opening here could trigger an annual jackpot of anything from US$235 million to US$335 million in spinoffs for the operators alone as601 words
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Article76 2004-03-31 1 Dsn 1,844.84 (+9.00) ST INDEX FUTURES 1,884.00 (+19.00) BIMBCI 223.82 (+1.38) SIMSCI FUTURES 228.40 (+2.50) Tuesday Change KLSE COMP 901.52 +1.94 NIKKEI 225 11,693.6* 24.56 HANG SENG 12,641.39 +214.05 SET INDEX 649.21 +3.41 JAKARTA <X)MP ,_730.06 +13.14 MANILA COMP 1.396.02 +7.87 TAIPEI WPI 6.494.71 +20.60 SEOUL CMP 873.46 -lil76 words
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Article69 2004-03-31 1 FOREX RATES US$ 8$ I'SS (SSperUSS) 1.684 1.823 3.069 KI'ROH'SS/SS/E). 1.221 2.055 YEN 105.7 62.80 RM 3.800 2.257 HKS 7.796 4.630 BAHT 39.58 23.50 KI'PIAH 8,605 5.110 RENMINBI 8.299 4.928 INDIAN Rl'PEE 44.08 26.18 AS 1.331 0.790 NZS 1.524 0.905 PRIME RATES SINGAPORE 5.25 MALAYSIA 6.00 HONGKONG 5.000 INDONESIA69 words
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606 2004-03-31 1 Amit Roy Choudhury - IDA initiative set to generate annual revenue of $2b By Amit Roy Choudhury [SINGAPORE] The Infocomm Development Authority (IDA) yesterday unveiled a plan to make Singapore the nerve centre of manufacturing supply chains for electronics and precision engineering products. The initiative is expected606 words
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779 2004-03-31 1 wong wei kong - HOCK lock siew The onus is on SGX and MAS to show that their disclosure-based regulatory regime has teeth wong wei kong YOU can almost hear the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) heave a collective sigh at779 words
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Advertisement397 2004-03-31 1 A 1 Jf| jr J| f J J Can Singapore ease its fiscal policy, economists ask. If the f I government was saving for a rainy day, "it was raining pretty hard last year", says Credit Suisse First Boston's Ray Farris, f one of the panelists r PAGES 14 15^397 words
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Advertisement40 2004-03-31 1 INSIDE COMPANIES March market capitalisation: Q1 starts with a bang, ends with a whimper Pg3 IDA to detail nationwide 3G rollout Pg4 EDITORIAL Let's have mandatory IPO audits Pgl4 EXECUTIVE MONEY The curious case of Jade Technologies' rights issue PgB40 words
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867 2004-03-31 2 Samuel Ee - BT exclusive Breaking into it is tough, but its longer product life cycle beats that of consumer electronics. Samuel Ee reports Samuel Ee SINGAPORE'S precision engineering companies are eyeing the regional automotive industry to counterbalance the fluctuations in their traditional electronics and computer867 words
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Article, Illustration696 2004-03-31 2 Eddie Toh - Events in Thailand, M 'sia and Manila rattle investors From Eddie Toh in Kuala Lumpur A STRING of recent explosions and bomb scares may have put South-east Asian governments on heightened alert but regional stock markets held up yesterday. Investors were unnervedREUTERS - 696 words
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326 2004-03-31 2 Quarterly reporting dropped in move to cut costs, red tape Reuters [BRUSSELS] Europe's 7,000 listed firms will be asked to publish company reports according to upgraded standardised rules to boost transparency and slash costs, the European Parliament decided yesterday. Regulators haveReuters - 326 words
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366 2004-03-31 2 LATEST US DATA Labour market dampens outlook for short-term: poll Bloomberg Reuters [WASHINGTON] US consumer confidence was little changed in March as Americans waited to see if reports of improving labour market conditions translate into actual, hiring, a report by a private research groupBloomberg; Reuters - 366 words
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Article33 2004-03-31 2 IN our report yesterday on the results of a Singapore Land Authority tender, the headline "CKS wins LTA marketing tender" should read SLA instead of LTA. We are sorry for the error.33 words
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Advertisement59 2004-03-31 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 TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:59 words
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Advertisement8 2004-03-31 2 Jackson Vehicle bags $11 m Ford deal, Pg238 words
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SINGAPORE companies
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1240 2004-03-31 3 Kenneth Lim - Local bourse plagued by sluggish trading, lacklustre debuts of IPOs By Kenneth Lim APART from quarter-end window-dressing seen yesterday and probably today, the slow finish this month makes the Singapore stock market look like a runner that had sprinted too1,240 words
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374 2004-03-31 3 Serena Ng - By Serena Ng AS the Singapore market recovers from what dealers say is initial public offer (IPO) fatigue, homegrown logistics services company Rich Land Group is eyeing a mainboard listing. Rich Land, which was founded by entrepreneur Lim Chwee Kim as a trucking service374 words
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452 2004-03-31 4 Angela Tan - Move may provide some flexibility to telcos but year-end deadline will stay By Angela Tan AFTER almost two years of hankering by Singapore telcos for a flexible third generation (3G) rollout and with only nine months to the deadline the Infocomm452 words
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Article, Illustration322 2004-03-31 4 Serena Ng - Sale is aimed at increasing the coulter's liquidity By Serena Ng TWO major shareholders of Singapore-incorporated China Food Industries yesterday sold a combined 17 per cent stake in transactions aimed at boosting the counter's free float. China Food, which is involved in pigFILE PHOTO - 322 words
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Article, Illustration285 2004-03-31 4 Chen Huifen - By Chen Huifen NORTH Asian ventures have paid off for SNF Corp, with the recently listed electronic components and equipment distributor yesterday posting a nine-fold surge in 2003 net profit. SNF's maiden full-year report shows pro forma net earnings for the financialSource: Bloomberg - 285 words
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155 2004-03-31 4 MTQ Corporation will issue and allot up to 15,871,000 new ordinary shares. Under a placement agreement signed yesterday, UOB Kay Hian will procure subscribers for the shares, which represent 19.95 per cent of MTQ's issued share capital. The placement price is155 words
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COMPANY Briefs
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95 2004-03-31 4 HOTEL Royal said its wholly owned subsidiary, Royal Properties Investment, has successfully tendered to buy the nine-storey Dapenso Building at Cecil Street for $27 million from PT Bank Negara Indonesia. The property, which is a 99-year leasehold (commencing in January 1982), has a95 words
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82 2004-03-31 4 CAPITALAND Ltd, South-east Asia's biggest property and hotel group, plans to sell 7 per cent more apartments in China this year than in 2003, a company official said yesterday. This would be the second year in a row that apartment sales in China82 words
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Article65 2004-03-31 4 TIONG Woon Corporation Holding has increased its investment in wholly owned Tiong Woon China Consortium Pte Ltd, subscribing for additional shares through the injection of about $5.8 million— in the form of three cranes. The transaction is not expected to have any material impact on65 words
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Article70 2004-03-31 4 ST Electronics, the electronics arm of Singapore Technologies Engineering, and its partner Guangzhou Heartly TeamGo Information System Engineering Co, have won a 93.7 million renminbi (S$18.9 million) deal to provide a fare-collection system for a mass rapid transit system in Guangzhou. ST Electronic's share70 words
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Article64 2004-03-31 4 ST Assembly Test Services has introduced a new product targeted at wireless and other hand-held applications such as power management, analog base band, CDMA and Bluetooth. The dual-row version of its Quad Leadless Package is expected to accommodate up to 50 per cent more input/output terminals64 words
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Article82 2004-03-31 4 EZRA Holdings said that its wholly owned subsidiary, Lewek Shipping, has agreed to sell two newly completed 29-metre tugs and one 280-foot deck cargo barge to S E Mariam Sdn Bhd —a joint venture company in which Ezra has a 49 per cent stake at82 words
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Article69 2004-03-31 4 LIAN Beng Group said its wholly owned subsidiary, Lian Beng Construction, has won the $108.8 million main building contract for The Lakeshore project at Boon Lay Way. The contract starts in June, and is expected to be completed by November 2006. Lian Beng Group does69 words
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81 2004-03-31 4 KEPPEL Corp's Keppel Singmarine Pte Ltd has secured a contract from Holland's SMIT Transport Heavy Lift BV to build two proprietary-design Anchor-Handling Tug/Supply (AHTS) vessels scheduled for delivery in the second half of2005. With these contracts, Keppel Singmarine is now building 16 offshore support vessels81 words
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Article37 2004-03-31 4 NEOCORP International said a company known as Neo Corporation Pte Ltd, which is involved in a petition for a judicial management order, is not related to the listed company or any of its associated companies.37 words
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61 2004-03-31 4 MEXICAN billionaire Carlos Slim, touted as Latin America's richest man, now controls an 11.25 per cent stake in Global Crossing, the fibre-optic network operator in which ST Telemedia has a majority stake. Mr Slim and his family hold 2.47 million common shares of Global Crossing,61 words
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Advertisement155 2004-03-31 3 1 [F JF? '< MM M '%■"h w f J jftfc .-u*L _i± 1M <i*ife££ J W, V rri iM,'j t J B Mik^m£&*3^*lEftißalHMlgr«Srasraifffi^Jtlal»» t tlnrr iTraTiYTflMETSiMMMifiVir^^^^^^^^^^^^^^^^^M vtHfo y&, g f t-. a t c£tei£ x -r»* e fLf" r. i£t-<fr,«-«j k The new Powerßooks. Now available in three sizes.155 words
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Advertisement210 2004-03-31 4 THE SINGAPORE SOCIETY OF FINANCIAL ANALYSTS osy\ Cafendar of Events: 'March Ikiprxi 2004 SINGAPORE SOCIETY OF I www.ssfa.org.sg or www.aimr.org, or contact (65) 6323-6679 for more information. SSFA is a Member Society of the Association for Investment Management Research (AIMR) C rr* CC 31 Mar 04,12 noon, REUTERS BUSINESS CENTRE,210 words
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Advertisement478 2004-03-31 4 <ASL ASL MARINE HOLDINGS LTD RENOUNCEABLE RIGHTS ISSUE (THE "WARRANTS ISSUE") OF 49,500,000 WARRANTS (THE "WARRANTS"), EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE OF SSO.IO EACH, AT AN ISSUE PRICE OF 550.025 FOR EACH WARRANT, ON THE BASIS OF ONE (1) WARRANT FOR EVERY478 words
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Advertisement299 2004-03-31 5 I We're watching the world I I to give you confidence I I in your investments I U v frfe iu IB TOKYO 817 ft b!& iEJR jtA I^R I SBOUL NEW YOWC LONTON JAKARTA <»*** I STOCKHOLM LUXE***** OMSSftIW* MM A I SHANGHAI W B t, '> 4 I299 words
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SINGAPORE markets
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Article, Illustration605 2004-03-31 6 VEN SREENIVASAN - Compiled by VEN SREENIVASAN CapttaLand March 30 dosing: $1.70 CAPITALAND has acquired a prime Shanghai residential site for 40 million yuan. With a potential gross floor area of 109,100 sq m, it plans to build about 500 townhouses on the site, which has a tenure of 70 years.Source: Bloomberg - 605 words
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Article, Illustration429 2004-03-31 6 K Ajith; Lim Say Boon - CHART POINT By K Ajith Lim Say Boon OCBC Investment Research Pte Ltd IMAGINE the Straits Times Index as a high jumper it has made two run-ups and failed at the bar. And that bar is the 1,850 zone which coincidesSource: Bloomberg - 429 words
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Article, Illustration907 2004-03-31 6 larry wee - A longer view CURRENCIES larry wee AFTER an unusually volatile week, nervous posi-tion-adjustment was very much the name of the currency game on Monday and yesterday ahead of key market news due out tomorrow and Friday In Japan, Europe and the US. Here's why. Almost907 words
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Article, Illustration508 2004-03-31 6 r. sivanithy - BT comment STOCKS r. sivanithy QUARTER-END window-dressing or genuine demand for blue chips? Sustained recovery or tradeable bounce? Despite the Straits Times Index rising nine points yesterday to 1,844.54, the scepticism ingrained by the steep falls of the previous month was sufficiently strong508 words
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TRADES TO WATCH
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83 2004-03-31 6 THE chief executive officer of Datacraft Asia, Bill Padfield, on March 29 sold 110,000 shares of the communications and networking systems integrator at US$l.3O per share. A Datacraft spokeswoman said the share sale was to help pay for his wedding in May. The open83 words
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Article79 2004-03-31 6 THE chief executive officer of Singapore Petroleum Company (SPC), Koh Ban Heng, yesterday converted 85,000 options into shares at an exercise price of 68 cents per option. He still holds 340,000 share options. Separately, Hong Kong-based Kapital Asia Company raised its deemed shareholding in SPC to79 words
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69 2004-03-31 6 A NON-EXECUTIVE director of Panpac Media, Kevin Low, yesterday bought 300,000 shares of the magazine publishing group from the open market at 8.5 cents apiece. This raised his direct stake to 0.62 per cent, or around 2.14 million shares, from 0.53 per cent. He also69 words
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57 2004-03-31 6 ONE of Singatronics' substantial shareholders, Eddie Foo, on March 29 reduced his direct shareholding to 5.49 per cent from 7.2 per cent, after an open market sale of five million shares. He also has a deemed interest of 6.01 per cent in Singatronics, which yesterday ended57 words
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Article55 2004-03-31 6 SERENA NG - Compiled by SERENA NG FORMER Serial System CEO Eddie Chng on March 29 bought 100,000 shares of mainboardlisted Flextech Holdings, raising his deemed interest in the electronics company to 5.89 per cent from 5.83 per cent. Shares of Flextech yesterday gained half a cent55 words
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Article, Illustration417 2004-03-31 6 OTHER SINGAPORE INDICES Mar 30 VALUE CLOSE BT OB/OS __-129.00 +143.00 OTCAW -4J346.00 +115.00 BT 10-day MA -*****.00 -13.00 All-SG Equities 499.33 +3.71 SG Equities Elect 174.92 SG Equities Fin 1496.18 +11.00 SG Equities Prop 449.19 +4.23 SIMSCI 223.82 +1.38 SiMSCI Futures 225.40 +2.50 Stack* Voiatw Bio-Treat HK40c 64,791.000 UniFiber417 words
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Advertisement257 2004-03-31 7 A memberof citigroisf k Citibank Cathay Pacific Companion Offer ■ftiinin' mm&tmii -*t i r i HI L '■'l-*-- '''MHr I td; qpt 'WEmSgEg£ iti W&EBt i®*®? v r < t.-.•*■*.• flßjn y -^'laasß— /ll ill I i«Sfr f jJJM p^ppp^^R W slm I rj IB ft s j IL v257 words
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EXECUTIVE money
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Article, Illustration1061 2004-03-31 8 R Slvanithy - R Sivanithy traces the chain of events leading up to the company's rights issue and the curious aftermath R Slvanithy A FUNNY thing happened in the stock market the other day, involving the shares of an electronics company called Jade Technologies. Not ha-ha funny,Source: Bloomberg; REUTERS - 1,061 words
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Article, Illustration596 2004-03-31 9 Joyce Koh - Sirius Capital is an investment firm that doubles as IPO consultant and business adviser By Joyce Koh MANY small and medium enterprises (SME) probably avoid taking the IPO route, given the complexity of the process which can be quite overwhelming even withFILE PHOTO - 596 words
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135 2004-03-31 9 Bloomberg SINGAPORE Airlines, the world's second largest carrier by market value, said its passengers will be able to buy seats on British Midland Airways flights connecting from London to five other European cities. The two carriers have signed what's called a codeshare agreement,Bloomberg - 135 words
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Article143 2004-03-31 9 Bloomberg INDONESIA'S biggest carmaker PT Astra International said 2003 profit rose 22 per cent to 4.4 trillion rupiah (*****.4 million) amid stronger consumer spending. Sales were 31.5 trillion rupiah, after 30.7 trillion rupiah in 2002, the company said in a faxed statement. The company made anBloomberg - 143 words
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193 2004-03-31 9 OCBC Bank has hired a Citibanker, Linus Goh, to boost its international operations. It said Mr Goh, who has been appointed executive vice-president and head of international, will be responsible for the operations in the 11 countries that make up the bank's193 words
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Article, Illustration276 2004-03-31 9 Kenneth Lim - By Kenneth Lim BOUTIQUE bread chain Bread Talk Group said its wholly owned subsidiary Bread Talk Pte Ltd will enjoy a concessionary 10 per cent tax rate on foreignsourced income for five years starting Jan 1, 2003 as an incentive underFILE PHOTO - 276 words
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Advertisement108 2004-03-31 8 THERE'S A REASON WHY LEXUS IS THE BESTSELLING LUXURY CAR IN THE U.S. FOR THE FOURTH CONSECUTIVE YEAR. More than bhp, it's also about staying power. More than power, it takes continuous refinement for an automobile leader to stay unchallenged at the top. And, while our planet's history boasts a108 words
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Advertisement75 2004-03-31 9 BA(Hons) Logistics Supply Chain Mgt Newcastle. UK 11/ Voted 'Best New University' for three consecutive years "VinaQP o^ s in 1998, 1999 and 2000 f O&l D**** 1 1 Recognised by Times Good University Guide 2002 as I one or the top U.K business schools Direct entry for relevant diploma75 words
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Advertisement165 2004-03-31 9 (lexu5 is a registered trademark of Toyota Motor Corporation. Your time is precious. You cravc the thrill of the great outdoors, without having to travel miles for it. Thankfully, there's the full-time, four wheel drive RX300 with 5-speed automatic transmission. Its V6. 3.0-litre. 204-bhp. VVT-i engine gets your adrenalin racing,165 words
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SINGAPORE news
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Article, Illustration417 2004-03-31 10 Vince Chong - EYE ON THE ECONOMY Prospects look bullish as rebound from 5 negative quarters takes hold By Vince Chong MORE companies took up space with Singapore's biggest industrial landlord, JTC Corporation, this quarter, than the number which terminated their leases. This is theSource: JTC - 417 words
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270 2004-03-31 10 Initiative may be extended to private hospitals in future THE Ministry of Health (MOH) will be taking its first step towards developing a nation-wide system for sharing electronic medical records (EMR) of patients. Called EMR Exchange (EMRX), the initiative will allow the270 words
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220 2004-03-31 10 Tang Weng Fai - By Tang Weng Fai SINGAPORE'S biggest electricity producer Senoko Power yesterday signed a deal to extend the effective life of its generators for 12 years. The deal with Siemens involves retrofitting two 425 megawatt (MW) generators with improved instruments and carrying out220 words
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Article, Illustration311 2004-03-31 10 PETER CHAN, Permanent Secretary for the Ministry of National Development (MND), will retire from the Administrative Service next month. He will be replaced by Tan Tee How, currently MND's Acting Second Permanent Secretary. Mr Chan's retirement was announced yesterday in a press statement311 words
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Article, Illustration322 2004-03-31 10 The JP Morgan Chase Corporate Challenge Series began simply enough. Bank officials wanted an event solely for corporate runners and over a distance that even a busy executive can handle to help foster teamwork and camaraderie among companies and colleagues. With that,REUTERS - 322 words
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Article, Illustration548 2004-03-31 11 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE and other free traders in Asia shouldn't lose too much sleep over anti-trade war cries in the United States they are largely the empty rhetoric of politicians, aimed at easing concerns about jobs in an election year, says AmericanFILE PHOTO - 548 words
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254 2004-03-31 11 72% of users intend to change phones in next 6 mths: survey A SURVEY on mobile phones by Yahoo! revealed that the Internet is among the top three most visible media for mobile phone advertising campaigns. The Internet ranks third after newspapers and254 words
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Advertisement1483 2004-03-31 10 C I H Ltd CIH Limited (Incorporated in the Republic of Singapore) Announcement of Unaudited Results Dividend For The Year Ended 31 December 2003 The Board of Directors of CIH Limited (formerly known as Clipsal Industries (Holdings) Limited) is pleased to announce the unaudited results of the Group for the1,483 words
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Advertisement33 2004-03-31 11 Investors Forum NZ Ltd presents Free New Zealand Investment Property and Business Opportunity Seminar Create wealth, save money and gain financial freedom 3 April 6:30 pm Pan Pacific Hotel Bookings essential! Email keitti@investorsforum.co.nz33 words
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REGIONAL news
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654 2004-03-31 12/13 Eddie Toh - Move does not signal imminent removal of currency peg: economists From Eddie Toh in h'litila Lumpur THE Malaysian central bank will further ease its foreign exchange rules tomorrow in a move that could boost the stock market, but it may not be a654 words
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Article, Illustration520 2004-03-31 12/13 LI FAMILY FORAYS His bailout of bankrupt carrier facing unions' resistance Bloomberg |TORONTO| Victor Li, the Hong Kong businessman threatening to abanion a Cs6so million (*****.8 t*illion> investment in Air Canala. will decide by April 15 wheher to proceed,Bloomberg; BLOOMBERG, REUTERS - 520 words
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206 2004-03-31 12/13 AP [HONG KONG) Tycoon Li Ha shing is spinning off the Hong Kong telecoms operations of conglomerate Hutchison Whampoa Ltd and will sell them in a deal which analysts value at around HKS3I billion (556.7 billion). Analysts believe Hutchison's initial public offering of the newAP - 206 words
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Article, Illustration515 2004-03-31 12/13 LIMA, Peru Central banker says ending yuan-US$ peg will disrupt world trade Reuters Bloomberg CHINESE Central Bank governor Zhou Xiaochuan said on Monday that Beijing was committed to bank restructuring that would substantially improve the exchange rate regime, but wouldReuters; Bloomberg; REUTERS - 515 words
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471 2004-03-31 12/13 JAKARTA It sets aside 1.3t rupiah for possible loss from fraud Bloomberg HANK Negara Indonesia, the nation's second biggest lender by assets, said 2003 profit fell 67 per cent after it set aside money to cover potential losses stemming from a suspected loan fraud.Bloomberg - 471 words
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132 2004-03-31 12/13 KUALA LUMPUR Bloomberg MALAYSIA will spend RM77 billion (Ss34 billion) over 50 years to build water plants and dams and replace leaky pipes, offering contracts to more nonstate companies than previously, the government said. "The potential for private investment will be explored asBloomberg - 132 words
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NOTE Book
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79 2004-03-31 12/13 AP [KUALA LUMPURI Prime Minister Abdullah Ahmad Badawi's government was sworn into power yesterday, capping his landslide election victory. Seventy-one ministers 33 Cabinet members and 38 deputies took a pledge of office before King Syed Sirajuddin Syed Putra Jamalullail. Mr Abdullah is retaining the keyAP - 79 words
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75 2004-03-31 12/13 Reuters [HONG KONG] Newspaper publisher SCMP Group yesterday said a charge wiped out nearly all of its profits last year, but that earnings would have risen 5 per cent otherwise. SCMP shares slipped 6.06 per cent to close at HKS3.IO. The company said its 2003Reuters - 75 words
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Article57 2004-03-31 12/13 AFP [TOKYO] The US and Japan have agreed to cooperate in getting China to comply with World Trade Organization rules, US Commerce Undersecretary Grant Aldonas said. "We had very good discussions (with .Japan) about the need for continuing cooperation" to ensure China's WTO compliance inAFP - 57 words
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Advertisement225 2004-03-31 12/13 LONG LIVE DREAMS 5,000 free KrisFlyer miles the first time you use the Card. 50% more KrisFlyer miles all the way*. People who carry the American Express 1 Singapore Airlines KrisFlyer Gold Credit Card get to places fast Hardly surprising when you learn that with 50% more KrisFlyer miles, they225 words
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EDITORIAL & opinion
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Article, Illustration751 2004-03-31 14 frank ching - THE bottom line OPINION frank ching WITH the dispute over the Taiwan presidential election now in its second week, we are no closer to knowing if a recount will confirm President Chen Shui-bian as the winner or will give the presidency to his751 words
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Article96 2004-03-31 14 'Valentine's Day was a terrible time for me too. Only half the shops put the apostrophe in. That was upsetting.' -Lynne Trass writer of a guide to punctuation, 'Eats, Shoots and Leaves', on lapses of punctuation. 'They remind me of teenagers who got their inheritance too soon96 words
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Article617 2004-03-31 14 EDITORIAL THE MAS' intention to make IPO managers and underwriters liable for the veracity of disclosures in an issue prospectus signals a toughening stance on corporate governance. This is a welcome development In the first place, the contents of an offer document should be taken617 words
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Article, Illustration1350 2004-03-31 14 ANNA TEO - Is Singapore's fiscal policy too tight? What does the US dollar's decline mean for Singapore's monetary policy? These were among the issues debated at the Second S'pore Economic Roundtable. ANNA TEO reports ANNA TEO WITH the Singapore economy in the throesPHOTOS BY CHRIS LOH - 1,350 words
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Advertisement10 2004-03-31 14 Pitching the exchange rate at the 'right' level Pg 1510 words
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ECON roundtable
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Article, Illustration945 2004-03-31 15 Anna Teo - By Anna Teo DRAGGED down by its current account deficit, the US dollar is likely to weaken further, by up to 20 per cent over the next few years, Citigroup's economists expect. Historically, going by a generally negative correlation between the real945 words
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Advertisement1494 2004-03-31 15 < i Teledata TELEDATA (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 28th Annual General Meeting of the Company will be held at 230 Victoria Street #12-00, Bugis Junction Towers, Singapore *****4 on Friday, 16 April 2004 at 9:3oam1,494 words
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WORLD news
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253 2004-03-31 16 WASHINGTON AFP US companies are condoning workers' rights abuses in China, giving manufacturers there an illegitimate cost advantage and fuelling job losses in the US, a former International Labor Organisation (ILO) expert charged on Monday. Mark Barenberg told an opposition Democratic party hearing inAFP - 253 words
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Article, Illustration501 2004-03-31 16 LONDON Fall cushioned by rise in oil counters on expectations of Opec output cut Reuters EUROPEAN stocks declined as UK police arrested eight terrorist suspects in raids in and around London and found bomb-making materials. It was Britain's largest anti-terror operationReuters; AP - 501 words
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Article, Illustration336 2004-03-31 16 NEW YORK NYT NBC has rewarded Jay Leno, the ratings leader in late-night television, with a five-year contract extension that will continue his run as host of the network's Tonight show until the end of the decade. The new deal guarantees thatNYT - 336 words
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WORLD Watch
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70 2004-03-31 16 Bloomberg [NEW YORK] US venture capital funds have an estimated US$6B billion of unspent commitments, an amount that may sustain about four years worth of spending, according to a survey. Venture capital firms are spending about US$l7 billion a year on new investments,Bloomberg - 70 words
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81 2004-03-31 16 Reuters [LONDON] Top bankers in London are earning more than their Wall Street colleagues for the first time since the 1980s. "This is a significant swing," said Shaun Springer, chief executive of recruitment firm Napier Scott, which conducted a survey. A London based managingReuters - 81 words
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Article50 2004-03-31 16 AFP [LONDON] Oil prices rose yesterday as Opec's most influential member Saudi Arabia said the cartel would proceed with its planned output cut. The price of benchmark Brent North Sea crude oil for May delivery rose 26 cents per barrel to US$32 in deals in London.— AFPAFP - 50 words
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238 2004-03-31 16 SAN JOSE, California AP THE trend of outsourcing white-collar jobs to lowwage countries such as India and China will ultimately lower inflation, create jobs and boost productivity in the US, predicts a new report. The Information Technology Association of America acknowledges that theAP - 238 words
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Article, Illustration324 2004-03-31 18 LONDON Reuters ENGLISH champion soccer club Manchester United yesterday sought to dampen speculation it might fall prey to a takeover, even as it posted a 32 per cent interim profit rise which analysts said would increase its appeal to buyers.Reuters - 324 words
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471 2004-03-31 18 ■LONDON MGM says it may raise its cash offer in bid to control UK gambling venues Bloomberg STARWOOD Capital Group and Kerzner International, the owner of the Atlantis resort in the Bahamas, offered to buy Wembley pic for £287 million (*****.2 million),Bloomberg - 471 words
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Article, Illustration489 2004-03-31 19 LIMA, Peru France, Germany said to have reached deal which has US approval Reuters THE race to lead the International Monetary Fund intensified on Monday as France and Germany reached a tentative deal to back Frenchman Jean Lemierre a pact sources saidReuters; BLOOMBERG - 489 words
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279 2004-03-31 19 Despite recent EU ruling he says additions like search features are needed NEW YORK Bloomberg BILL Gates said Microsoft will be able to add new features to its Windows software even after European Union anti-trust regulators found that his company used its dominance toBloomberg - 279 words
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Article, Illustration785 2004-03-31 21 NEW YORK Four in Kerry's economic policy group developing specific proposals NYT THEY are a motley team, the four members of John Kerry's war room for economic policy. Remember Roger Altman, the high-ranking Treasury official in the early Clinton years, forced out forNYT - 785 words
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Article, Illustration455 2004-03-31 21 LOS ANGELES Victory a boost for entertainment giant's CEO Los Angeles Times A LOS ANGELES court on Monday abruptly ended more than a decade of legal wrangling over merchandising royalties for Winnie the Pooh, handing Walt Disney Co a major victory and taking a powerfulLos Angeles Times - 455 words
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Article, Illustration419 2004-03-31 21 NEW YORK A STUDY released on Monday confirmed what some New Yorkers had already begun to sense: business began to pick up late last year, says the Financial Times. New York added 4,300 jobs in the fourth quarter of last year,AFP - 419 words
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Article4160 2004-03-31 16 UNIT TRUSTS FUNDS ■inRTnfflSHHHHHI SBSelG»>BusLclrsPtfl03<USO) 1.149/ Cmbond S pore Class Y 0.992/ ABNAmro Asset Mgt (S'pore) SBSelEqtyOvidendPf04(SGD) 0.9667/ Star Europe Eqty< 0.727/ SB Set Eqty Dividend Pf 04 (USD) 0.9725/ Star Europe Bond 1.245/ Commenbank Asset Mgt Star Europe Bal 1.044/ Com Global Finance Index Ed 0.966/ Star Asian Tiger4,160 words
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Page 16 Advertisements
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Advertisement20 2004-03-31 16 AccoRhotels i-KJTDEALS Over 90 Hotels in Asia Bangkok from 59 HlMlMli 2,295 breakfast* Book now! Only at www.accorhotels.com/asia Lonunion-. upply20 words
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Page 17 Advertisements
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Advertisement1978 2004-03-31 17 To advertise oil toll-free 1800 289 8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TETRACO INVESTMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an hxtraordinary General Meeting of the abovemenuoned Company held at 12 Kwong Min Road Singapore *****4 on the1,978 words
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Advertisement1757 2004-03-31 17 gag) BONVESTS HOLDINGS LIMITED yXW (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fifth Annual General Meeting of the Company will be held at Sheraton Towers Singapore, 39 Scotts Road, Function Room 1, Level 2, Singapore *****0, on Monday, 26 April1,757 words
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Advertisement433 2004-03-31 17 lONICS EMS, INC. (Incorporated under the laws of the Republic of the Philippines) LOST SHARE CERTIFICATE The undermentioned share certificate has been reported lost, destroyed or mislaid:Name Certificate No. No. ot »hare« lonics, Inc. *****1 467,999.986 NOTICE IS HEREBY GIVEN that a new share certificate will be issued and the433 words
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Advertisement338 2004-03-31 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 LAKEWIND IMPEX PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held at 302 Orchard Road #11-01 Tong Building Singapore *****2 on 22 March 2004. the following resolutions were duly passed: 1. SPECIAL RESOLUTION338 words
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Advertisement2016 2004-03-31 17 CHUAN SOON HUAT INDUSTRIAL GROUP LTD (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MFFTINP. NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 18 Sungei Kadut Street 2. Singapore *****6 on 16 April 2004 at 4 p.m. for the following purposes: AS ORDINARY2,016 words
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Article, Illustration1084 2004-03-31 18 FDTAMCE Transaction elate: Mar 30 UtTERBAMK CROSS RATES AS C$ Bmb Euro HK$ Ind Bs Ruplah Yen Won BM NZ$ Pafc Rs Peso S$ Rand Sfr HT$ Baht Pound US$ Australia 0.983 6.235 0.616 5.857 33.114 64.646 0.794 8.665 2.855 1.145 43.192 42.306 1.265 4.756 0.961 24.898 29.733 0.4121,084 words
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Article1616 2004-03-31 18 SICOM t"U"I"UnES Mar 30 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 04 227.75 May 04 229.00 Jun 04 ***** Jul/Sep 04 236.50 Oct/Dec 04 238.50 Jan/Mar 05 240.50 RSS 3 (USceotsAq) Volume Open Mowtfc HVjh Low Sett (tonnes) Interest1,616 words
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Page 19 Advertisements
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Advertisement2062 2004-03-31 19 SHING INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Wah Shing International Holdings Limited (the "Company") will be held at Prince 1, Level 13, 141 Market Street, #01-00 AEC Centre, Singapore *****4 on 23 April, 2004, Friday at 9.302,062 words
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Advertisement1438 2004-03-31 19 i a I Scotiabank I THE BANK OF NOVA SCOTIA Note: All figures quoted in Canadian (Incorporated in Canada with Limited Liability) dollars (millions) except per share amounts CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME I As at October 31 For the year ended October 31 H ASSETS 2003 20021,438 words
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Article4885 2004-03-31 20 i Transaction date: Mar 30 HONG KONG Vol HK Exchanges Clearing 16.85 0 50 5378 HKS *1- 000 HKRInt'l 2.63 0 08 1851 HK and China Gas 13 45 0 20 4595 Aeon Credit 5.65 unch 0 Hong Kong Electric 34.60 0 80 3629 jMteon Stores 6.05 0.104,885 words
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Article2509 2004-03-31 20 Transaction date: Mar 30 r'■KUALA LUMPUR VI 178 y D i General Soil 1.26 unch 0 RM C000) Gerrting 16.90 0.10 2045 George Kent 0.90 -0.06 120 A ft M Realty 1.69 -0.04 56 Globetronics Tech.. 7.00 -0.15 319 Aboc 0 76 -001 117 GlomacBhd 3.32 -0.02 976 ACP2,509 words
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Article816 2004-03-31 20 Transaction date: Mar 30 <— <»—» AJIyrewilfr 032 1070 WJMO MOi 117 2 1*0 -COD ■tmUUSOc Ol3> 0750 .0.005 OCMC 909 1UOO .0200 Cjprtttand 123 1700 <4.030 Pirtwa»M2Sc 3 57 1.130 Owl SwruCias! Me 132 I COO .0 040 too0*'t Food HaJOk IMS 1470 «OJMO G«0««Vk 2 06 40W816 words
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Article720 2004-03-31 20 BONDS WARRANTS Pram Expiry Tel Last Vol Corn Exer Disc Gear- Mths Code Company Sat« ♦or- ('000) Ratio Price iwq left 3698 ASTIW*****1 .42 1 16 1 1.37 3 3697 Acma Ltd W*****6 .0.5 1 50 531 16.00 8 3602 Amtek W*****0 100 1 33 1 1.32 15 3603 Armstrong720 words
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Page 20 Advertisements
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Advertisement33 2004-03-31 20 i ii H fl insiders'trades. Brokers'recommendations. Dividend table. I U L lit SI I jSSTTl \1 I jS H The pages also cover transactions by directors and substantial shareholders. I w I j33 words
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Page 21 Advertisements
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Advertisement1686 2004-03-31 21 SINGATRONICS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-fifth Annual General Meeting of the Company will be held at Mandarin Court C, 4th Floor, Grand Tower, Meritus Mandarin Singapore, 333 Orchard Road, Singapore *****7 on Thursday, 22 April 20041,686 words
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Page 21 Miscellaneous
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Miscellaneous344 2004-03-31 21 CRYPTIC CROSSWORD 1 Roman stores needed men Hi on watch in the dark hours 7 A way to vht |bJ U 10 A bit of embroidery can land To"" J J the small organisation in a 11 One's to get in the doctor, a friend, to lay it on (9)344 words
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Article6707 2004-03-31 22 Transactixni date: Mar 30 > 52-Wk Ttl Last Vol Day Last Quote Grttv Mv GrYU Nat MCap jMMi Uw» Coda Company Sak COOP) low luyr Sdkr CV Ht UM f 57.9 32.9 5834 A Sonic 42 +1.5 285 42 40.5 41.5 42 5 N9.7 0.6 14.9 142.2 t6,707 words
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Article71 2004-03-31 22 52-Wk T«l Lart Vol Day Laft Quote GrDiv Wv GrYM Net MCap High Low Cod* Comply Soto COOP) High Low hrfM So«or m tmS 2060 2000 6065 Diamonds US2060 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS4PS00 US8270xd ***** 9650 617071 words
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Article2003 2004-03-31 22 52-** Tel Last Vol Day LactQuota Grf>rv Oiv GrYld Nat MCap Htgh Law Coda Company Sala ftlOO) High Low Buyer SaMar Cvr P/E SmS 26 75 5000 ABR Hldgs St 17.5 +1 35 17.5 17.5 15 17 33.8 42 15 2101 APOil5c 30.5 +0.5 41 31 30.5 30.52,003 words
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Article349 2004-03-31 22 52-Wk Td Last Vol Day Last Quote GrOrv Oiv GrYM Net MCap Low Cod* egg S«l« W- rOQO) Htflh Low Myar Mg Cvr S WE S«S 228 101 6000 AVJermings A2Sc A226 *2 32 226 225 226 227 40 8.8 4.4 8.6 4864 6001 Cathay Pac 20c HK720349 words
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Page 22 Advertisements
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Advertisement264 2004-03-31 22 Where to wine, dine and entertain... by: A World of Exclusive Privileges Treats 7 WWW.dinerS.COm.Sg \3 9 Whuemationar /Special Lunch Menu\ $5.80 Nett Per Item With FREE Choice of One Coffee/Tea/Soft Drinks of Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese264 words
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Advertisement38 2004-03-31 22 MERITUS MANDARIN SINGAPORE T MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: 6831 6291 PWW floor MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.38 words
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BT motoring
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Article, Illustration613 2004-03-31 23 Samuel Ee - BT exclusive Homegrown car components maker to supply 16,000 stainless steel bumper sets to Ford's factory in Thailand. Samuel Ee reports Samuel Ee SINGAPORE automotive components maker Jackson Vehicle has overcome stringent certification standards to win an $11 million, two-year contract to supply about613 words
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Article, Illustration608 2004-03-31 23 Samuel Ee - By Samuel Ee TOYOTA continues to power ahead in 2004, not only remaining the top make for the first quarter but also setting an industry record for total monthly vehicle registrations in March. As expected, Nissan is still in second place overallARTHUR LEE - 608 words
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Page 23 Advertisements
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Advertisement1571 2004-03-31 23 "Notice^ TOONCO TRADING PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the members of the abovenamed company will be held at 10 Jalan Besar #10-02 Sim Lim Tower1,571 words
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Advertisement990 2004-03-31 23 Prime Land For Sale Alexandra Road T1 Prominent frontage 4 separate plots V<,/. H g 41.000 sq ft upwards Centra Cm Mnrrnrtni Vacant possession Showroom Private treaty *45 years lease //JSSSSL "*»Ty PHOFWfV L J LZ= k La CBRE Tel: 6224 8181 cb richard ellis Beautiful Brisbane Queensland Australia PRINTING990 words
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MADE iN Singapore
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Article, Illustration916 2004-03-31 24 TEH SHI NING - TEH SHI NING finds out why the packaging company is not venturing abroad TEH SHI NING Although business is not picking up, and operating costs remain high, Toyo Packaging Industries is one company that will continue manufacturing in Singapore for a longARTHUR LEE - 916 words
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449 2004-03-31 24 BESIDES constantly upgrading production technology, Singapore's packaging industry is also facing a paradigm shift that is turning manufacturers into total solution providers. Packaging companies have started developing capabilities to provide services such as design, warehousing and just-in-time delivery to complement manufacturing. For example, Central Package Group449 words
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Article, Illustration962 2004-03-31 24 Daniel Buenas - Printing and packaging remain its core competency and strength even as it diversifies By Daniel Buenas TECKWAH Industrial Corp is a high-tech player in a traditional industry, and even as operating costs here rise, Teckwah has no plans to move its manufacturing activities elsewhere,962 words
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Page 24 Advertisements
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Advertisement16 2004-03-31 24 tar,ei •p°*9^ n 9 II Jf local manufacturers and now nII if innovation ana ncnnoiogy, SINGAPORE16 words
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SHIPPING TIMES
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Article, Illustration753 2004-03-31 25 Beth Jinks - They expect cargo demand to grow 10% over the 2004-05 contract season By Beth Jinks [SINGAPORE] Major carriers on the Asia-US trade lane say the ship capacity squeeze will continue this year after a "buoyant" first quarter, in a strong push for significant freightFILE PHOTO - 753 words
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Article291 2004-03-31 25 SGX '000 Mar 30 SS Vol CH Offshore 0.38 -0.01 3266 ChuanHup 0.52 -0.01 371 Cosco Investment 1.00 0.01 8342 CWT Distribution 0.54 0.01 33 Ezra Hldgs 1.14 0.07 409 Freight Links .0.12 unch 348 GB Holdings .0.71 unch 4 Jaya Holdings 0.89 0.01 3080 K1 Venture 0.24291 words
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234 2004-03-31 25 Bloomberg [HONG KONG] China Merchants Holdings (International) Co, the port operating arm of China's Communications Ministry, more than doubled its sec-ond-half profit as soaring exports boosted business at its container terminals. Net income rose to HK5848.7 million (SslB4 million) from HK5382.5 million aBloomberg - 234 words
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128 2004-03-31 25 [SINGAPORE] A Vietnam-flagged general cargo ship, the Thanh Da, sank yesterday in Singapore port waters off Sentosa Island, according to the Maritime Port Authority (MPA) of Singapore. The 1972-built 1,066 GT freighter was anchored at the Western Working Anchorage after loading general cargo at128 words
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428 2004-03-31 25 Evelyn Duffy - From Evelyn Duffy in Perth AN Australian shipping industry leader has described his country as having a vacuous approach to shipping policy. Australian Shipowners Association chief executive Lachlan Payne said Australia had shown a curious reluctance to the international trend of providing regulatory regimes that428 words
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Article, Illustration430 2004-03-31 25 Donald Urquhart - By Donald Urquhart [SINGAPORE] Contrary to popular thinking, high-profile tanker accidents and the early phase-out of single-hulled tankers have no bearing on VLCC tanker spot rates, according to the head of American Eagle Tankers (AET). Speaking at lastFILE PHOTO; Source: INTERTANKO - 430 words
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Article, Illustration300 2004-03-31 26 Alex Marshalsey - MAIL bag Alex Marshalsey I READ your article "Rethink security job issue after ISPS compliance" (Shipping Times, March 24) with interest. I fully agree with your views that in the wake of the controversy over who should have overall responsibility for a300 words
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Article, Illustration995 2004-03-31 26 STRAIT TALE THERE is a quiet revolution going on behind the scenes at the International Maritime Organisation (IMO). Nothing about it would excite interest on the part of the causal observer. The bit of the IMO that is involved sounds terrifically995 words
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Article236 2004-03-31 26 PAGE Alianca 5 AAL 5 Avant 6 Bank Line 4 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 China Shpg 5 Confer 6 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee236 words
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Article12264 2004-03-31 31 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name .Name Number Number SIN Dest'n Name Nam* *?5*r. v 21/04 17/05 Allanca NYK FANTASIA 003W 65-*****161 TO ABIDJAN (ABJ) 2003 Cot* D'lvoir* 22/04 19/05 COSCO E GENTRY 0544-103W 65-*****900 07/04 11/0512,264 words
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SHIPS IN PORT
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Article598 2004-03-31 33 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CITRAAGUNG JB4306 J10 A/SIDE 31/03 0800 KIMTRANS XPR VE119 J14 A/SIDE 31/*****5 MEKONG 4 2/04 J15 A/SIDE 31/03 0200 UNION STAR38 02/04J J15 A/SIDE 31/03 0630 YAKUSHIMA TOC/74 J6 A/SIDE 31/03 1500 BAYSWATER338 E4084 J3 31/03 1800 01/03 0200598 words
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Article1642 2004-03-31 33 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MARIGOLD 012N 012N 1 03/04/2004-15:00 04/04/2004-03:00 AKINADA BW 10W 10W 1 02/04/2004-08:00 02/04/2004-23:59 AL ABDALI C288W C288W 1 03/04/2004-15:00 04/04/2004-04:00 ALAMJAYA 2 8889N 8889N 1 02/04/2004-23:59 03/04/2004-06.00 ALICANT1A 8961,642 words
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Article146 2004-03-31 33 Apr 4 HK: Ching M Fest. S.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: Good Friday.146 words
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Article800 2004-03-31 33 THIS report, compiled by Cockett Ma rine 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 indi cated. The Cockett Bunker Price Index change and800 words
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Article601 2004-03-31 33 Carbon 180 Max 983.3 0.5 12.1 0.05 36 0.04 25 Density Water twM— AshAlumlnlum Sediment Mo above E25 0 0 0 0 0 0 380 Ave 983.9 0.2 12.4 0.04 27 0.02 Exxon 380 Max 990.9 0.4 17.5 0.07 62 0.05 »v/v u/M H/u mt —thod601 words
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AIR & LAND transport
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Article, Illustration486 2004-03-31 34 Flight path to planned railway at Frankfort close to chemical plant Reuters Bloomberg [BRUSSELS] The European Commission is likely to launch legal action against Germany for violating EU environmental laws with its planned expansion of the Frankfurt airport, European Union sources said onReuters; Bloomberg; FILE PHOTO - 486 words
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LOG Book
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Article82 2004-03-31 34 Reuters [CHICAGO] UAL Corp's United Airlines, which matched a fare increase on some tickets by Continental Airlines last week, on Monday rescinded the US$5 each-way fuel surcharge after some rivals failed to match it. AMR Corp's American Airlines, which also had matched Continental's fuel surcharge, saidReuters - 82 words
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69 2004-03-31 34 AP [HONG KONG] Hong Kong airline Dragonair said yesterday it will launch cargo services to Frankfurt and London in July. Dragonair spokeswoman Laura Crampton said the carrier will fly a Boeing 747-200 freighter from Hong Kong to Dubai—an existing destination—then onto London and Frankfurt beforeAP - 69 words
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91 2004-03-31 34 Bloomberg [TOKYO] Japan Air System Co, the domestic unit of Japan Airlines System Corp, said cracks were found in four more engines in its fleet of Boeing Co MD-80 series jetliners, after the carrier conducted further inspections. The unit of Asia's largest carrier found cracksBloomberg - 91 words
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71 2004-03-31 34 Reuters [SYDNEY] Australia's biggest airline, Qantas Airways, said yesterday it would buy five new Boeing 737-800 aircraft for domestic use, taking its fleet of the jet class to 33 by the end 0f2005. The airline did not disclose the price tag on the aircraft,Reuters - 71 words
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310 2004-03-31 34 Bloomberg [TORONTO] Victor Li, the eldest son of Asia's richest businessman, may decide by April 15 whether to pull out of a Cs6so million (SsB3o million) investment in Air Canada unless unions agree to pension fund changes, his lawyer said.Bloomberg - 310 words
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386 2004-03-31 34 Reuters [WASHINGTON] The Pentagon should fix but not necessarily kill a stalled US$23 billion plan to lease and buy modified Boeing Co refuelling planes, the Defense Department's internal watchdog said on Monday. Inspector General Joseph Schmitz, outlining audit results to Congress,Reuters - 386 words
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372 2004-03-31 34 Reuters [BRUSSELS] An industry price war plunged no-frills airline Virgin Express into a 19.6 million euro (Ss4o million) net loss last year, the company said yesterday. Nearly half the 2003 loss 9.6 million euros was incurred in the fourthReuters - 372 words
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Article, Illustration510 2004-03-31 34 Much-delayed rail system to serve two lines linking Seonl to Bnsan and Mokpo AFP [SEOUL] South Korea launched its first high-speed railway system yesterday, hailed as a sleek symbol of the country's drive for accelerated economic expansion and hightech innovation. A gala opening ceremony hereAFP; REUTERS - 510 words
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Article2189 2004-03-31 34 CITY FLIGHT ETA FLIGHT ETD 8G84 I62S S0436 2030 AMaMt BA7381 1840 IH9770 2300 Doka 0*638 1130 Lm S0229 2300 Daw ***** 0730 EK349 0030 ,84 EK4M 1405 EK405 0210 M* 30 1840 EK430 2005 EK431 0325 Amtartaa S023 0605 KL838 2255 BITT7 2145 GA975 08552,189 words
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Page 25 Advertisements
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Advertisement26 2004-03-31 25 STRAIT TALK IMO's voluntary audit scheme to usher in sea changes page 2 vi refill Expres^^ m\ Berlin faces EU action over airport expansion back page26 words
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Advertisement224 2004-03-31 25 PEOPI pk Jj"- INDEPENDENT shipping and transport service group Gulf VMpMknR Agency Company (GAC) has appointed GuttteunM Glfteron as route development manager to strengthen its logistics business between Europe and Asia Pacific/India. Based in Singapore, Mr Giileron has spent the past five years working with GEFCO Lille, the transportation arm224 words
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Page 26 Advertisements
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Advertisement907 2004-03-31 26 I TO USA/CANADA ~1 t EXPORT 1 I OTHER DESTINATIONS H [VESSEL I VOY KG I ETA SIN I LONG REAChIDALLAS HOUSTON MiMPHK ORCAGO NEW YORITI TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) LOS ANGELES EXPRESS (HEM 30/03 31/03 14/04 21/04 24/04 22/04 22/04 25/04 jygsa VOT ETA SIN PKG ST"! ST~|907 words
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Advertisement588 2004-03-31 26 ok lines services represented by ISESp;) AandHj shipping Agrt. J"9»P« Xgtt' y Singapore Shipping Association lon ULY UNE MAli~ AVESSEL VOY HA HA HA A P. KLANG SPORE MALE Princess Lily 0204 30/03 08/04 KotaTegap TGAO6I 05/04 15/04 Maid Star 547 13/04 15/04 25/04 ULY MARINE SERVICES PTE LTD 1588 words
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Page 27 Advertisements
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Advertisement842 2004-03-31 27 7"T MOl Combines o range of snipping modes to ensure timely; reliable services covering major > America, Europe, Japan, Asia, Africa Oceania. Also accept Intra-Asia Carpes to: BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEU QMGDAO BELAWAN JAKAIU SURAMYA lAOHSUH6 lAMCKOK lAHI CHAiAHS wXWiIHMH PASK OUPAItO PHttHS HHff fcnAHCj For Schedules, BL Searches,842 words
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Advertisement1636 2004-03-31 27 ADDITIONAL NEW WBKLY "kDX" SERVICE TO EAST MEDITERRANEAN ON EVERT FRIDAY WITH EFFECT FRO* MING SKY V.OOOIW ETAS* 02/04/2004 WWR SmWNG PTE LTD SMBS® 1 ™*K/u "SBr I SINGAPORE TO ISTANMH -ISDAYS fIRBWW* rrxr SIBK SSS Singapore to thessaiom -hdays JOHOR'S OfflCfc CONVENTIONAL *****850 *****201 I SINGAPORE TO IZMIR -IS1,636 words
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Advertisement482 2004-03-31 27 rasa voy sw j«t HroTmHnT kyh pus vtssa yoy sin jkt sob hkg usn pus ihc HY PROGRESS 074S 7/4 10/4 14/4 16/4 19/4 21/4 21/4 KMTCPUSAN 405S 4/4 7/4 8/4 1 3/4 17/4 18/4 20/4 HYIWOAIIUDGE 07SS 14/4 17/4 21/4 23/4 26/4 28/4 28/4 KMT( SINGAPORE 40SS 11/4 14/4482 words
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Advertisement2722 2004-03-31 28 WAN HAI INTERNATIONAL PTC LVD at no i **********/r V j\ TIL *****5 M (MUNIS) FAX; *****163 \ANN WAN HAI I INFs s^/ioo**,L»-dm)*****200 V AWW Mil lIMI Llllt J FKL IB: (03) 3346tttt PAX; 103) *****2 M TEL (04) *****00 FAX: (M)*****ft V JOM TIL (07) 2511*23 ML (07)251R*21 SUR2,722 words
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Advertisement665 2004-03-31 28 i BSfl n MYANMA ■H FIVE STAR LINE (Myonmor National Line) Loading lor Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 327W SID HPA-AN 31tW SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL: 03-*****300 PKL 03-3176*101 PEN: 04-*****02 ACCEPTIN6 CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKI KUC FUTUIEAQ 7 SID665 words
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Advertisement1397 2004-03-31 29 VESSEL VOY KHH HKO SIN PKI DXB BAB PMM BIK VANCOUVER PCL3S6 SKIP 24/03 27/03 28/03 03/04 06/04 12/04 14/04 IRAN SHAHRYAR PCLBO3O SKIP SKIP 05/04 06/04 14/04 15/04 22/04 24/04 IRAN SATTARI PC***** SKIP SKIP 12/04 13/04 22/04 23/04 29/04 01/05 IRAN SHAHRYAR PCI 8032 SKIP SKIP 28/04 29/041,397 words
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Advertisement589 2004-03-31 29 1 RSI UK CONTINENT SERVICE Loading for GLORIUS RTM/ATW/BMN/UK/NAN Loads Singapore. E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBI/DBU/DOH/BRN/DMM/KWT REGAL STAR ADN/HDD/JDH "Loads Singapore, E/W. Malaysia, tndonaala USA SERVICE Loading for STEUOS B CAM/NOL/SAV/TPC NENA M CAM/NOL/NFK/SAV •Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading for SOO KWANG589 words
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Advertisement850 2004-03-31 29 VESSEL VOY SIN POU YKSfI SIDI SIN XI mum LLZZM H/M 01/04 PAC MNTAN 2211 21/22 02/04 PA<pAHDA LLZSM 61/64 02/0* Al4Mim? USfi MM MiM— PAC PANDA VI79N 03/04 04/04 PACBMTAN 2242 07/04 QS/JH P*C lANOA 11»0W ***** OS/04 *UMiAYA2 M9l 11/04 13/gH PAC lANDA umi fit/M 04/04 PAC lANDA850 words
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Page 30 Advertisements
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Advertisement635 2004-03-31 30 .are.* ■HHHllGEnHAßl^l73Nonro^ororo^m^ ■JIWIJHJ TIGER PEARL 174N 05-06/04 11 12/04 17 18/04 I ■|Ui)iy||a SEA NAVIGATOR 175N 07 08/04 14 15/04 21 21/04 I «nrr™ TIGER SKY 176N 10-11/04 17 18/04 24 25/04 I HHHfI TIGER SHARK 177N 13-14/04 21 22/04 27 28/04 TIGER PEARL 178N 17-18/04 24-25/04 30-01/05 I ■VVVSffiVw635 words
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Page 33 Miscellaneous
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Miscellaneous124 2004-03-31 33 I FOR 7AM 31 Mar 2004 BBBgaillßßi Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Fu circ,e w/o line indicates calm or light and variable winds R a j n J One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x Hazy124 words
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