The Business Times, 28 April 2004

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Total Pages: 31
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES j InlL-rnnt: 'ittp.//business-times.asial .com.sg WEDNESDAY, APRIL 28, 2004 MITA (P) 023/03/2004 850
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  • 938 1  -  Issue managers say no, citing long IPO quee, keen interest By Andrea Tan [SINGAPORE] About one in three new listings this year are trading below their initial offer prices. Market sentiment aside, is the flow of more than one IPO a week saturating the
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  • 671 1  -  Company says it's very comfortable with gearing level By Tang Weng Fai [SINGAPORE] Singapore Power's Ass.l billion purchase of Australian energy company TXU Australia has landed it on the radar screens of all three major credit rating agencies, which said they will put
    FILE PHOTO  -  671 words
  • 77 1 STI 1,853.58 (+4.20) ST INDEX FUTURES 1,858.00 (-2.00) SIMSCI 224.82 (+0.41) SIMSCI FUTURES 224.80 (unch) Tuesday Change KLSE COMP 868.32 -1.80 NIKKEI 225 12.044.88 -119.111 HAN(i SENG 12.154.91 .22.2:1 SET INDEX 680.K9 +1128 JAKARTA COMP S18.15 +6.41 MANILA COMP 1,59«JKt +25.03 TAIPEI WPI 6.646.80 63.90 SEOI'LCOMP 915.47 427 SHENZHEN
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  • 81 1 FOREX RATES USt S$ I'SS (SS per I 'SS) l«94 ii(t SS/SS per 1791 S.iCti EI'RO|l SS/SS'Kl Ilrt» SOU YES IOh/a W HI RM JUWU 1244 H K$ 7739 4WIS HAHT fttilJ ZI& RIPiAII MSI -Vw RKNMIMil X21W _41IWI INDIAN HI TEE 44 IM AS IdW Mtt \zs ijh<#
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  • 873 1  -  He allegedly copied research firm's reports for his bank's website By Anna Teo [SINGAPORE] A veteran Singapore economist is at the centre of a US lawsuit filed by a US economic research firm against his former employer, German banking giant HVB, for plagiarism in
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  • Page 1 Advertisements
    • 336 1 the right prescription for your overseas property finance needs Whether you require financing or re-financing for a residential property in Great Britain, Australia, Canada, New Zealand or USA, why not take advantage of our loan package which incorporates interest rates as low as 2.125% p.a.* and is designed to make
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    • 18 1 INSIDE EXECUTIVE MONEY Forget investor education, for too many choices immobilise people, says UCLA assoc professor. PgB 8
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  • NEXT page
    • 718 2  -  Stock falls 13 cents on volume of more than nine million shares By Taila Krishnakumar [SINGAPORE] Upset United Overseas Land shareholders dumped the stock yesterday, following parent United Overseas Bank's announcement that it would be selling a chunk of its stake in the
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    • 516 2  -  It cites security concerns as some clients share PINs By Serena Ng [SINGAPORE] Barely five months after DBS Bank touted its new first come, first served method of allocating initial public offering shares via its network of 800 automated teller machines, the bank has
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    • 893 2  -  But region also faces new risks like protectionism From Anthony Rowley in Tokyo GROWTH across Asia (excluding Japan) will rise to a very robust 6.8 per cent this year, driven by the locomotive effect of China's economy, rapid growth of trade within
      893 words
  • Page 2 Advertisements
    • 431 2 Money Markets Work! An appreciation of short term on and off balance sheet money market instruments Thursday, 13 May 2004 Time Highlights 9.00 am to 5.00pm The Money Markets market conventions and practices, interest rate computations, price quotes and rate benchmarks/references, revisiting Venue time value of money Orchard Hotel Singapore
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    • 67 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:
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  • SINGAPORE companies
    • 726 4  -  IPO FOCUS Two China firms and local logistics group are headed for the mainboard By Teh Shi Ning RENEWED Sars fears may have spooked the stock market, but that hasn't stopped three companies from going ahead with initial public offers today.
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    • 561 4  -  Some Chinese-speaking CEOs find communication an issue in S'pore, JOYCE KOH reports JOYCE KOH THEY overcame many obstacles to build their businesses. But an unexpected hiccup some Chinese-speaking chief executives have encountered as head honchos of listed companies here is the language barrier. For them, getting
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    • 690 4  -  HOCK lock siew vince chong MAINLAND China companies or those linked to the world's most populous nation are the rage in the listings game right now. But are investors at risk of putting all their eggs in one basket? Could there be other
      FILE PHOTO  -  690 words
  • Page 4 Advertisements
    • 359 4 W7l A 1• 1 i i Presented m Diners Club Credit Card To apply, call: 6416 098( Where to wine, dine and entertain,.. »ii &BgsS6t I ..B I nMERITUS MANDARIN SINGAPORE of One Coffee/Tea/Soft Drinks await you at: (Chicked& Egg with Penane Kway Teow Azuma J*P anese Restaurant •CafeDeAmigo Z
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  • Page 5 Advertisements
    • 195 5 JISHAN HOLDINGS LIMITED m'\ (Incorporated in the Republic of Singapore on 21 October 2003) g PROVIDER OF DYE AND PRINT PROCESSES. SALE OF PRINT AND DYE FINISHED PRODUCTS AND GARMENTS. K-§|PP^^IH Invitation in respect of 90,600,000 ordinary shares of 550.025 each comprising 81,500,000 New Shares and 9,100,000 Vendor Shares as
      195 words

  • SINGAPORE markets
    • Article, Illustration
      593 6  -  Compiled by VEN SREENIVASAN Keppel Land April 27 dosing: $1.73 KEPPEL Land reported solid QlO4 results. Net profit was up 37 per cent year on year to $29.6 million in line with our estimate and the market consensus of $30 million despite a 21.5 per cent fall in
      Source: Bloomberg  -  593 words
    • 420 6 CHART POINT THE market is finally speaking and it's not telling us a happy story. You may recall that last week, we took a neutral position, basically telling you that the market was not yielding much about its intentions. The best we could then
      Source: Bloomberg  -  420 words
    • 919 6  -  A longer view CURRENCIES larry wee FEAR of higher US interest rates has taken centrestage in currency markets over the past fortnight, and the US dollar has ridden that wave of fear higher even as Wall Street faltered and US bond prices tumbled. The low-yielding
      919 words
    • 514 6  - Reverting to its mean or running true to form BT comment STOCKS r. sivanithy STATISTICIANS often write about a phenomenon known as "reversion to the mean", which essentially means that over time, behaviour tends to gravitate towards some kind of long-term norm. In the stock market, studies have shown that
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    • TRADES TO WATCH
      • 60 6 THE deemed shareholding of Singapore Exchange (SGX) chief executive Hsieh Fu Hua (right) increased to 800,000 shares, or 0.08 per cent, when his wife Gracie Tan bought 200,000 SGX shares in the open market on April 23 and 26. The shares were purchased at between
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      • 99 6 THE former chief executive and deputy chairman of waste recycler Citiraya Industries, Raymond Ng, sold 13.5 million shares in the open market on April 26, cutting his direct stake in the company to 3.12 per cent, or 18.85 million shares, from 5.35 per cent. Mr
        99 words
      • 60 6 FUND manager Prudential Asset Management raised its deemed shareholding in Europtronic to 6.11 per cent from 5.58 per cent through an openmarket purchase of 739,000 shares on April 15. Shares of Europtronic, which makes film capacitors that are used in electronic and IT products, finished
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      • 50 6  -  Compiled by SERENA NG AN independent director of Singapore Petroleum Company (SPC), Audrey Marie Chin, converted 27,000 options into shares at an exercise price of 75 cents each on April 25. She still holds 91,000 options. SPC shares gained one cent to close at $2.89 yesterday.
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    • Article, Illustration
      422 6 OTHER SINGAPORE INDICES Apr 27 VALUE CLOSE BT OB/OS -745.00 +1^00 BT CADI -*****.00 -4.00 BT 10-day MA 74.00 AH-SG Equities 500.27_ +0.34 SG Equities Beet 176.97 +1.24 SG Equities Fin 1486.46 -3.91 SG Equities Prop 445.73 -2.13 SJMSCI 224.82 +0.41 SiMSCI Futures 224.80 unch Stocks Volume Bio-Treat HK40c 21,562,000
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  • EXECUTIVEmoney
    • 944 8  -  Real inflation can surprise on the upside and erode a conservative portfolio, says Genevieve Cua Genevieve Cua WHAT a difference a year makes! This time last year, concern about deflation featured in most economic commentary. This time, inflation is creeping into analyses. How concerned
      FILE PHOTO  -  944 words
    • 899 8  -  By Genevieve Cua INVESTOR education? It's money down the drain, says Shlomo Benartzi, associate professor of The Anderson School at UCLA. Years of investor education in the US have not yielded results for Americans who have no notion of diversification, and are "extremely insensitive"
      ARTHUR LEE  -  899 words
  • 4448 8 UNIT TRUSTS FUNDS com S pore Bond Fund/* 1.098/ Credit Agricole Asset Mgt S'pore Ltd ABN Amro Asset Mgt (S'pore) Indocam Asia Vision!** 1.172/1 J32 Star Europe Eqty!** 0 744/ DIS Asset Mgt SI* Ei*ope Bond 1.207/ shenton TvwnGty 1 -31/1.37 Star Europe Bal 1.037/ Japan Growth!** 0.97/1.01 Star Asian
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  • SINGAPORE companies
    • 424 9  -  Strong show by offshore and marine division takes earnings to $131m By Wong Wei Kong KEPPEL Corp, which reported record earnings for 2003, yesterday beat market expectations with a 39 per cent rise in net profit for the first quarter of 2004.
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    • 342 9  -  It sees itself in a strong position to win new orders By Kalpana Rashiwala HUAN Hsin Holdings, an integrated contract manufacturer of telecom and electronic products, continues to ride on the outsourcing boom. The group yesterday posted a 45 per cent
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    • 399 9  -  US$2.4m net profit against previous Q1's US$5.8m loss By Chen Huifen (a) (b) BOOSTED by stronger sales and cost savings, United Test and Assembly Center (Utac) yesterday posted a net profit of US$2.4 million for the first quarter ended March 31, a sharp
      FILE PHOTO  -  399 words
    • 337 10  -  CDL Hotels NZ, Tai Tak already own 82.78% of NZ-listed Kingsgate By Kalpana Rashiwala CDL Hotels New Zealand and Singapore-based Tai Tak Holdings are offering to buy the remaining shares in Kingsgate International Corporation which they don't already own in a
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    • 538 10 It expanded loans and reduced investments in government bonds Bloomberg [JAKARTA] PT Bank NISP, an Indonesian lender in which Singapore's Oversea-Chinese Banking Corp is buying a stake, said first-quarter profit doubled as it expanded loans and reduced investments in government bonds. The lender, Indonesia's
      Bloomberg  -  538 words
    • COMPANYBriefs
      • 89 10 Reuters SINGAPORE'S second largest lender United Overseas Bank Ltd announced yesterday that it will discontinue its UOB Blue Chip Index from May 3, as it is no longer widely used as a benchmark. UOB had launched the index in 1989 to track the price
        Reuters  -  89 words
      • 75 10 RATING agency Fitch said it is maintaining Bank of Asia ratings of both short-term and long-term debt on rating watch negative, pending the completion of the proposed sale of ABN Amro's 81 per cent stake in the bank. Standard Poor's said a successful
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      • 104 10 IN what could be a precursor of more changes to come, Overseas Union Enterprise (OUE) yesterday announced the retirement of two stalwarts. Lee Hee Seng retired as deputy chairman and director, taking effect from the close of OUE's Annual General Meeting yesterday. Chong Kim Chow also
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      • 64 10 TOTAL Access Communication PCL (TAC), Thailand's second-biggest mobile phone firm, said net customer additions in March were 153,704, up slightly from February's figure of 143,723. The bulk of the net additions in March came from the prepaid segment. As at March 31 this year, TAC had
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      • 75 10 YONGNAM Holdings, which supplies fabricated steel structures, yesterday warned that its subsidiary Yongnam Malaysia may be compulsorily wound up if any of its Malaysian trade creditors decides to proceed with claims against Yongnam Malaysia and the latter is not able to reach settlement with them.
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      • 78 10 ACTION Asia, which makes mobile audio and video entertainment products, yesterday posted a 27.3 per cent drop in Ql group net earnings to $1.1 million. Revenue was up 4.5 per cent at $14.8 million. The group is setting up a factory in Shanghai to
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      • 70 10 JURONG Engineering said all the resolutions at its 33rd AGM yesterday were passed by shareholders. Ng Quek Peng has been re-appointed chairman of the audit committee upon his re-appointment as a director of the company. He will be considered an independent director. Li Ling Xiu has been
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      • 132 10 OAKWELL Engineering said yesterday that Singapore's Court of Appeal yesterday dismissed with costs in favour of Oakwell an appeal by Toronto-based Energy Power Systems (EPS). The appeal was against an earlier High Court judgement in October last year that had ruled in favour of Oakwell
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    • 711 11  -  New shareholder Manhattan's owner is involved in coal mining in Indonesia By Serena Ng PRIVATELY held Manhattan Investments, which is making a general offer for Links Island Holdings, will be exploring new businesses or investment opportunities for the mainboardlisted group that are likely
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    • 245 11 It cites continued weak demand for copper slag SOLID waste recycler ecoWise Holdings issued a profit warning yesterday, saying it is expecting a loss for the first six months ending April 30. ecoWise, which was listed on Sesdaq exactly a year ago
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    • 302 11  -  By R Sivanithy RETAIL players bullish on the prospects of technology blue chip Venture Corp but are unable to afford the stock's $19.90 market price now have a cheaper alternative to consider a DBS Bank proposed issue of covered calls at 37.92 cents
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  • Page 10 Advertisements
    • 402 10 A guide to the on demand world: Bridging the gap. Have you noticed that on demand businesses are now very much in demand businesses? Here's how to join them. The gulf between businesses and successful businesses isn't as wide as it seems. The gap can be bridged with just a
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    • 16 10 Recruit from a wider audience Call 1800 289 8822 or email reavit@sph.com.sg for your recruitment solutions
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  • Page 11 Advertisements
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  • SINGAPORE news
    • 641 12/13  -  Chip demand surges with popularity of cellphones, digital cameras, TV sets By Raju Chellam SEMICONDUCTOR compa nies are set to report record revenues and profits this year as demand for chips surges on the back of strong growth in demand for mobile
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    • 333 12/13 Hotel occupancy rates also higher, but room rates slip IT appears to be business as usual for the tourism sector as the total number of visitor arrivals last month grew 12 per cent over the year-ago period, and hotels maintained their
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    • 302 12/13  -  Other S'pore winners include SIA, Shangri-La, SingTel, Knife brand oil By Uma Shankari IF you use a Nokia phone, watch a Sony television, use Energizer batteries, drink 100 Plus energy drink and Tiger beer, and eat Maggi instant noodles, chances are, you are Singaporean. These
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    • 411 12/13  -  EYE on the economy gdp By Chuang Peck Ming FOR three years, Singapore was at the bottom of Asia's growth league table. It's now ready to bounce back to the top of the heap after the economy posted a surprisingly strong year-on-year gain of
      Source: JP Morgan  -  411 words
    • 282 12/13 FOR the past few weeks, teams of workmates around the island have been gearing up for the corporate event of the year the JPMorgan Chase Corporate Challenge, to be held tonight. Staff at IE Singapore, for instance, have held weekly practice sessions on Mondays
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    • 498 12/13  -  By Jaime Ee THERE may be no adult videos from Bryan Nagao's restaurant Mao in Denver on show at My Humble House, but If you are content to bask in Nagao's boyish good looks and the clean simplicity of his food, then you're in luck.
      498 words
    • 230 12/13 A MINDSET change is required among all Singaporeans before entrepreneurship can take root here, according to Minister of State (Trade and Industry) Raymond Lim. Addressing concerns that red tape here was putting obstacles in the path of aspiring entrepreneurs, Mr Lim admitted that
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  • Page 12/13 Advertisements
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  • EDITORIAL & opinion
    • 783 14  -  THE bottom line OPINION frank ching THE Shanghai Communique signed by President Richard Nixon and Premier Zhou Enlai in 1972 asserted: "The United States acknowledges that all Chinese on either side of the Taiwan Strait maintain there is but one China and that Taiwan
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    • 60 14 'As far as I'm concerned, if the vote was today, we would win. But it's three weeks away, and who knows what happens?' Alan Rothenberg who is touting Morocco's bid, on FIFA's decision for the 2010 World Cup soccer tournament on May 15 in Zurich, choosing from
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    • 594 14 EDITORIAL THE IMFs findings and recommendations on Singapore's financial sector —particularly the proposals for policy changes —provide rich food for thought The recent report is the first comprehensive review of Singapore under the International Monetary Fund's Financial Sector Assessment Programme, which is aimed at helping countries
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    • 1378 14  - Asean-Aussie FTA on the horizon at last An acknowledgement of each other's way of doing things helped along by some subtle 'whispering diplomacy' bodes well for a trade agreement By Suresh Menon THE idea of an Asean-Australia Free Trade Agreement (FTA) dormant for years and a cause of much heartburn
      REUTERS  -  1,378 words
    • 733 14  -  COMMENTARY Greenspan's rates warning poses a big risk for Japan By William Pesek Jr Bloomberg ALAN Greenspan, like it or not, is a global central banker of sorts. While the United States Federal Reserve chairman sets interest rates with the US in mind, many investors
      Bloomberg  -  733 words

  • REGIONAL news
    • 394 15 KUALA LUMPUR Total of 6 directors minority shareholders want removed have left Bloomberg MALAYSIAN Plantations Bhd said three directors quit the property and financial services company, doubling the number of directors to leave after a group of minority shareholders demanded their ouster.
      Bloomberg  -  394 words
    • NOTEBook
      • 112 15 Reuters [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract microchip maker, yesterday reported first-quarter net profit more than quadrupled as strong demand for consumer electronics pushed production lines to their limits. The company said January-March net profit reached NT518.79 billion (Ss96o million),
        Reuters  -  112 words
      • 71 15 Reuters [JAKARTA] Indonesia yesterday said it plans to sell up to 30 per cent of plantation firm PT Perkebunan Nusantara HI through an initial public share offering this year, to help fund the Budget. The government, which owns 100 per cent of the
        Reuters  -  71 words
      • 107 15 Reuters [KUALA LUMPUR] Malaysia's biggest power firm Tenaga Nasional Bhd yesterday reported a second-quarter profit, helped by falling fuel costs and growing demand for electricity in a buoyant economy. The state-controlled monopoly, which generates two-thirds of peninsular Malaysia's power needs, earned RM57.1 million (5525.4 million),
        Reuters  -  107 words
      • 124 15 Reuters [BEIJING] China has isolated more than 600 people in Beijing as it races to sever a chain of Sars infection that leaked from a laboratory and could spread as tens of millions travel the country for the annual May Day holidays. Four teams of World
        Reuters  -  124 words
    • 438 15 KUALA LUMPUR Foreign partner should be major player: Rafidah AFP MALAYSIA'S struggling national carmaker Proton should step up its search for a foreign partner, International Trade and Industry Minister Rafidah Aziz said in remarks published yesterday. "We have lost a lot of time
      AFP  -  438 words
    • 532 15 JAKARTA Bloomberg INDONESIA'S government proposes to sell 10 per cent of FT Bank Mandiri, the nation's largest lender, in the second half of 2004, a deputy minister said yesterday. The stake is worth US$359 million at yesterday's closing
      Bloomberg  -  532 words
    • 442 16  -  S Korea leads with 23% gain compared with 3% for US, 5% for Singapore From Neil Behrmann in London ASIAN stock markets have been the best performers by far this year, even though trading conditions have become more difficult in recent weeks. With the
      442 words
    • 253 16 Reuters [BANGKOK] Thailand's cabinet approved yesterday measures, including tax incentives, aimed at boosting the flagging Thai stock market by wooing institutional investors, Finance Minister Somkid Jatusripitak said. The measures, largely in line with market expectations, focused on mutual funds geared for retirement that are invested in
      Reuters  -  253 words
    • 343 16 BOMBAY Reuters INDIA'S financial markets took a battering yesterday after general election exit polls predicted the ruling coalition may not retain its majority, sparking doubts about the future of the country's economic liberalisation. The stock market suffered its biggest points loss in three years,
      Reuters  -  343 words
    • 279 16 BEIJING Reuters CHINA, whose economy is growing almost 10 per cent a year, called on Monday for more job creation in private business and industry to soak up millions of workers laid off from struggling state enterprises. China's urban jobless rate stood at about
      Reuters  -  279 words
  • Page 15 Advertisements
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  • Article, Illustration
    1069 16 Transaction date: Apr 27 MTERBAMK CROSS RATES AS CS Bmfe Euro HKS l»d »s Itupiah Yw Won 9H WZS PafcRs Peso S$ Rand Sfr NTS Balrt Pound USS Antral* 0.991 6.103 0.618 5.736 32.495 63.403 0.798 8.472 2.795 1.168 42.282 40.914 1245 4.920 0.958 ***** 29.126 0.411 0.735 Canada
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  • Page 16 Advertisements
    • 768 16 Corporation I Keppel Corporation Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2004 I The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the H first quarter ended 31 March 2004: H GROUP I
      768 words

  • Page 17 Advertisements
    • 172 17 This evening 6,747 people 1 1 1 v v. t y >• will make ~4<\ T V *4-' ■•i-" **> T ir r 'V V y' v \> i ijj e -v C'£•»>: V-' -'-'ZAJ. V.- V V* v \V; V 1" 'i! ko' I'-v• "> r r i .1
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  • 5064 18 Transaction date: Apr 27 HONG KONG Vol HK Exchanges Clearmq1600 0.10 4386 HKS '000 HKRInt'l 2.63 0.05 1257 Hong Kong Electric 33.70 -0.30 2051 Aeon Credit 5 75 unch 88 Hongkong Chinese 1.03 unch 486 Aeon Stores 5.75 -0.05 26 Hongkong Chinese Ltd 1.03 unch 486 Alpha General
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  • 2359 18 i Transaction date: Apr 27 KUALA LUMPUR General Soil 1.26 unch 0 Vo) Genting 17.00 -0.20 569 RM ('000) George Kent 0.82 unch 15 Globetronics Tech .0.66 unch 0 AIM Realty 1.55 -0.01 7 GlomacBhd .2.83 -0.07 626 Abric .0.69 -0 02 92 Gold Bridge Engrg 0.51 -0.01 193
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  • 870 18 p b Transaction date: Apr 27 S-Ammt m Ow O—t Modi nam. WW O— Owny A8green50c 0.32 1.050 +0.010 NOL 1.59 2.060 -0 070 Btllntl US20c 038 0.745 +0.005 OC8C 873 ***** -0.100 CapitaLand 1 18 1.640 +0.020 Partway H 25c 0.60 1.190 +0.020 □tart SemtCond 26t 1.35 1650
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  • 700 18 BONDS WARRANTS LEGEND: Sesdaq stocks; Currency type indicated at end of warrant name for those traded in foreign currency. Exercise prices are quoted in fame currency as trading prices of respective main shares. c Convertible loan stocks, bonds and notes. u Unconvertible loan stocks, bonds and notes. Prem Expiry L***
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  • Page 19 Advertisements
    • 826 19 To advert!** call toll-free 1800 289 8822 Email: notices®sph.com.sg IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1580/2003/H In the Matter of Section 210 of the Companies Act (Cap TO) ("the Act") AND In the Matter of LEA INTERNATIONAL CLOTHING CO PTE LTD (RC NO: *****6493E)
      826 words
    • 1206 19 I Lianhe Zaobao I Yang Lan I I to simultaneously I I IHJPPIIPPPPPPI I I in HK, S'pore I I other places in July I I mmm I I $X!3g»« I 7msm«nl Si I Koon Holdings Limited Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the First Annual
      1,206 words
  • WORLD news
    • 410 19 WASHINGTON Reuters FEDERAL Reserve chairman Alan Greenspan pulled out an obscure number last week to show the US Congress just how many Americans were exhausting their jobless benefits every week. But his real audience was not lawmakers it was inflation hawks on
      Reuters  -  410 words
    • 411 19 CORPORATE EARNINGS Reuters AP, JAPAN'S Honda Motor Co posted a record net profit last fiscal year on robust overseas car sales and a one-time trading gain, but said it expects the Japanese yen's surge to sap this year's earnings. For the fiscal year ended
      Reuters; AP,  -  411 words
    • 826 19 Get a slice of the action in the Citibank Gourmet Pleasures programme, which offers Citibank card-holders an array of choices and exclusive privileges at more than 600 F&B outlets in Singapore. For BT readers there are value-added deals too. Visit any of the
      826 words
    • 300 19 LATEST US INDICATORS Bloomberg, Reuters [NEW YOEK] Confidence in the US economy rose more than expected this month as strong job growth boosted sentiment about current conditions to the highest in almost two years, a private survey found. The Conference Board's consumer confidence index
      Bloomberg,; Reuters  -  300 words
    • 366 20 It says problem related to timing of revenue recognition NYT [NEW YORK] Computer Associates International ended an internal investigation into its accounting practices on Monday by restating US$2.2 billion in sales that it had improperly booked during 1999 and 2000. The restatement did not change
      NYT  -  366 words
    • 329 20 LONDON Reuters BRITISH oil giant BP reported a quarterly profit rise towards the top of expectations yesterday and said it would sell half its chemicals business to focus on more profitable activities. The sale of stakes in two Chinese oil firms
      Reuters  -  329 words
    • 506 21 SAN FRANCISCO Russian emigre says his son who is set to reap billions lives in a rented flat Reuters ONE co-founder of Google may be on the verge of pulling in billions of dollars with the most anticipated public offering in years, but
      Reuters  -  506 words
    • 315 21 LONDON Reuters WITH executive pay schemes under unprecedented scrutiny in Britain, satellite broadcaster BSkyß won't say whether CEO James Murdoch is getting paid at all. Mr Murdoch, the 31-year-old son of BSkyß chairman Rupert Murdoch, started work without a contract when he took
      Reuters  -  315 words

  • 6729 20 Transaction date: Apr 27 52-Wk Id Last Vol Day Last Quote GrOtv Mv GrYW Nat MCap Hgli Urn Cock Company Sate fOOO) Wgh low luyr SdUr Cw WI jUi 57.9 32.9 5834 ASonk 41cd unch 138 41 41 41 41.5 5 N9.7 0.6 14.5 1388 8 5300 ABNAmroNLG56c
    6,729 words
  • 74 20 J* Last Vol Day LactQuoU GrOiv Hv GrYW Net MCap W0i Low Coda Company Sala W- fOBO) Wgfc Low twyar Sa«af K. Cm HI jo* 2060 2000 6065 Diamonds US2060 2120 ***** 6095 IS OJ US Tech US3740 6097 IS MSCI Sport US5S5 6101 ISS4P500 US8270 ***** 9650
    74 words
  • 1991 20 U-Wk Tel La»t Vol Day LastQuote GrtMv Dtv GrYW Net MCap Wflh La* Coda Compaq Sail COOP) High Loo 8uyr Mhc Cw P/t tinS 26 8.5 5000 ABRHIdgsSt 13 -2 6 13 13 14.5 16 25. 42 15 2101 APOtISc 31cd +0.5 4 31 31 30 31 5
    1,991 words
  • 359 20 52-Wk T«l Lart JM Day Last Quote GrOtv On GrVM Net MCap High Low Cod« Company Salt +t- 000 High Low tuyw *><*t S Cw HI sinS 228 112 6000 AVJeoningsA2St A207 unch 15 208 206 207 210 40 8 8 4 8 7 8 4455 6001 Cathay
    359 words
  • Page 20 Miscellaneous
    • 221 20 CRYPTIC CROSSWORD 27 Copy left out of conditio^ 28 Generously display palms 8 Stanley's reportedly taken a Across: 1 Answer, 4 Specific, 9 DOWN few lines (6) Stores, 10 Sentence, 12 Noah, 1 Five is old, it must be faced! An outstanding artist? (8) 13 Envoy, 14 Blue, 17 Heart(7)
      221 words

  • 1621 21 SICOM FUTURES Apr 27 RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest May 04 233.25 Jun 04 232.50 Jul 04 234.25 Aug 04 234.75 Sep 04 234.25 Oct/Dec 04 234.75 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
    1,621 words
  • Page 21 Advertisements
    • 193 21 Earn up to 20.5with a Citibank Premium Deposit. /1 /> x Now available online. Only from Citibank. Citibank Premium Deposits give you higher interest rates than regular time deposits by pairing two currencies of your choice Choose from Singapore Dollar, Australian Dollar, > US Dollar and other currencies Enjoy h
      193 words

  • BT motoring
    • 967 22  -  MTU Asia, a unit of DaimlerChrysler, is set to gain as the region steps up the fight against piracy and terror, its Asia CEO tells Samuel Ee Samuel Ee South-east Asian governments investing in the fight against piracy and terrorism are seen as a growing market
      967 words
    • 386 22 AFTER 30 years in Singapore, MTU Asia has seen its customer profile slowly changing. In the early days, the handful of customers consisted mainly of the railway corps, navies, and other government agencies like the Customs and water police, said Udo Beyer. "This was before they were
      386 words
  • Page 22 Advertisements
    • 210 22 dtKKMh PAPERM lillPF 27-29 April 2004 Opening Hours: vino y.n>« y> 1000 hours to 1800 hours Hall 403-404, Level 4 (27 28 April 2004) Suntec Singapore 7°°° h u lS^ l7oo hours (29 April 2004) Expand your horizon. Realize new possibilities for your business at Asian Paper 2004 showcasing the
      210 words
    • 279 22 Please be advised that on the evening of 28 April 2004 between 1750hrs and 1810hrs traffic restrictions at the following road traffic junctions will be implemented: Junction of Fullerton Road Esplanade Drive (Traffic heading towards Nicoll Highway in front of the Fullerton Hotel) Junction of Esplanade Drive Raffles Avenue Nicoll
      279 words

  • SHIPPING TIMES
    • 854 23  -  FASC requests THC breakdown; IADA wants to separate handling charges, freight rates By Donald Urquhart [SINGAPORE] Asian shippers and ocean carriers remain separated by a wide gulf after making little headway on the divisive terminal handling charge (THCs) issue, but pledged to
      854 words
    • 276 23 Reuters [SHANGHAI] China's CIMC, the world's top maker of containers used to ship goods, yesterday posted a 77 per cent leap in first-quarter profit as the country's roaring trade propelled demand. China International Marine Containers, an arm of ports-to-roads conglomerate
      Reuters; BLOOMBERG FILE PHOTO  -  276 words
    • 77 23 Reuters [HONG KONG] Star Cruises, the world's thirdlargest cruise company, said on Monday it would sell US$35O million to US$45O million of senior notes to repay bank loans. The notes will be sold by wholly owned unit NCL Corp, which may
      Reuters  -  77 words
    • 302 23 SGX '000 Apr 27 Sj Vol CH Offshore 0.39 0.01 3504 ChuanHup 0.52 -0.01 1180 Cosco Investment 0.85 unch 3441 CWT Distribution 0.54 -0.01 74 Ezra Hldgs 1.04 0.01 281 FreightLmks 0.12 0.01 276 GB Holdings 0.76 0.02 103 Java Holdings 0.83 0.03 4985 K1 Venture 0.27 -0.01
      302 words
    • 278 23  -  Beth Jinks [SINGAPORE] Rebates will be offered at India's southern Tuticorin Port, in which PSA International has a stake, in an effort to boost volumes this financial year. The Tuticorin Por^. Trust will match its wharfage rebate to the percentage of cargo
      278 words
    • 394 23  -  Veteran manager Wong retires, joins Ezra director board By Beth Jinks [SINGAPORE] A changing of the guards at classification society Lloyd's Register (LR) drew about 350 Singapore shipping executives yesterday to bid farewell to retiring Singapore manager and local shipping industry veteran B H Wong.
      394 words
    • 821 24  -  STRAIT TALK By David Hughes YOU might think that the shipping industry has enough to worry about with the impending International Ship and Port Facilities Security (ISPS) Code focusing minds. It looks, though, that as soon as the ISPS Code is done
      FILE PHOTO  -  821 words
    • 197 24 PAGE Alianca 3 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 CWTGlobelink 4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6
      197 words
    • 12600 29 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 Name Number Number 05/05 31/05 COSCO E GOLDEN 0545-095W 65-*****900 TO ABIDJAN (ABJ) 2003 Cot* D'lvolr# 06/05 02/06 COSCO E GUIDE 020W 65-*****900 05/05 13/06
      12,600 words
    • SHIPS IN PORT
      • 524 31 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL AMORINN ***** J6 A/SIDE 28/04 2300 ATLANTIS 7 A7190 J2 A/SIDE 28/04 0630 CAGAYAN 40 J5 A/SIDE 28/04 1200 KALTIM EXP 2418E J15 A/SIDE 28/04 0600 MAROUDIO V001 J15/16 A/SIDE 28/04 1800 PUTRIMANDAH1 12/04J J13 A/SIDE 28/04 0630 SEH
        524 words
      • 1763 31 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ABU DHABI C284E C284E 1 01/05/2004-12:00 01/05/2004-22:00 ACX MARIGOLD 013N 013N 1 01/05/2004-15:00 02/05/2004-03:00 ALAMJAYA 2 8893N 8893N 1 01/05/2004-12:00 01A)5/2004-20:00 ANDA 4101 4101 1 28/04/2004-20:00 29/04/2004-01:00 P06 APL AGATE
        1,763 words
      • 142 31 Apr 29 Japan: Greenery Day. Apr 30 Vietnam: Victoria Day. May 1 Belgium: Labour Day. China: Labour Day. France: Labour Day. Germany: Labour Day. HK: Labour Day. Italy: Labour Day. Norway: Labour Day. Philippines: Labour Day. Singapore: Labour Day. S.Korea: Labour Day. Sweden: Labour Day. Switzerland: Labour Day.
        142 words
      • 777 31 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        777 words
      • 625 31 Carbon 180 Mai 989.7 0.3 14.9 0.05 36 0.04 Apr 22 Density Water Residue AshAluminium Sediment No above E25 0 0 0 0 0 0 380 Ave 986.1 0.3 13.5 0.05 24 0.02 Exxon 380 Max 994.4 0.7 17.8 0.08 64 0.05 nt/M'3 v/v m/h m/m
        625 words
    • AIR & LAND transport
      • 451 32 AFP [SEATTLE, Washington] Boeing's 7E7 Dreamliner, formally launched on Monday, is presented as a superefficient, high-tech aircraft designed to revitalise the US company's product line and better compete with European rival Airbus. The new family of aircraft will be able
        AFP  -  451 words
      • 611 32 Reuters [SCHORSSOW, Germany] Europe's largest aerospace firm EADS said Airbus A3BO jumbo sales would boost its revenues by a third and double its operating margin by 2007, sending its shares to near three-year highs on Monday. Joint chief executive
        Reuters; REUTERS  -  611 words
      • 110 32 AFP [FRANKFURT] United States airline US Airways is to join the Star Alliance network of airlines headed by German flag carrier Lufthansa on May 4, Star Alliance announced on Monday. "US Airways will significantly strengthen our network and product offering, especially into
        AFP  -  110 words
      • 203 32 AP [KUALA LUMPUR] A Dutch businessman was handcuffed to his seat aboard a Malaysia Airlines flight after he allegedly attacked a crew member who refused to serve him another drink, the carrier said yesterday. Police arrested the 41-year-old passenger when the flight from
        AP  -  203 words
      • 650 32 Talks to set up low-cost service have been held with AirAsia, Valuair and Thai Airways Bloomberg [SYDNEY] Virgin Blue Holdings Ltd, Australia's second-biggest airline, has held talks with Asian carriers including Malaysia's Air Asia Sdn, Singaporebased Valuair Ltd and Thai Airways International pel
        Bloomberg  -  650 words
      • 2122 32 CITY FLIGHT ETA FLIGHT ETD S0147 2230 S0148 1900 AdttaMt 8*7381 1840 LH9770 2300 Dttrstt MWtl 0105 MI2 OflS LH9771 1840 ***** 2300 M, S0435 OHO BC85 UH 0F81 1840 BG84 1625 ***** 2030 I_ 1 MM QM38 IOO 2255 DM *****-0730 EK349 0030 LgJ EK404
        2,122 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 889 24 I TO USA/CANADA "~1 I EXPORT 1 1 OTHER DESTINATIONS ~l Vtssa VOY PKG pi*SIN|LONGBEACH|DALLAS|HOUSTOH|MEMPHIS CHICAGO| NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) P&O NEDLLOYO HOUTMAN 22E18 27/04 28/04 I 14/05 19/05 21/05 19/05 19/05 22/05 VESSEL VOY PKG FRE IN? SYD MO AM P&O NEDU.OYO KOBE 39E19 04/05 05/05
      889 words
    • 587 24 Lines services represented by Mente, J*. 1 f i.|S§! Accredited Shippin| Agents, "2* *"«7 S CS Singqptye Shipping A«ociqtion ssocio ion gg LILY LINE MALE r VESSEL VOY ETA HA ETA P. KLANG SPORE MALE Princess Lily 0304 30/04 04/05 12/05 Mold Star 548 10/05 13/05 22/05 Kota Teraju TRJOBI
      587 words

  • Page 25 Advertisements
    • 815 25 MOL Combines a range of shipping modes to ensure timely, reliable services covering major portsin Norm America, Europe, Japan, Asia, Africa Oceania. Abe accept Intro-Asia Cargoes to: NJSAN KWAHGYANG SHANGHAI YAMTIAN XIAMEN QMGDAO /Bf LAWAN JAKARTA SURABAYA KAOHSUHC lANCKOK LAHi CHAIAHG HOCHtWNH PASW OUPANC PBIUIG PORT KIAHG For Schedules, BL
      815 words
    • 2313 25 ADDITIONAL NEW WEEKLY "ADX" SERVICE TO EAST MEDITERRANEAN ON EVERY FRIDAY WITH EFFECT FROM MING SKY V.OOOIW ETA SIN: 02/04/2004 GENERAL AGENTS IN SINGAPORE: 16 RAFFLfS QUAY *36-01 SAUS/IKGS TIL *****857/43 FAX: *****321/24 I CI AIT A DADE TA ICTAUftlll I r nawe COSTAR SHIPPING PTE LTD hong leong wilding
      2,313 words

  • Page 26 Advertisements
    • 2660 26 WAN HAI INTERNATIONAL PTi LTD CRNaiwsrcoooo/R .if... inrC TIL *****581 (14LINES) FAX:*****163 V\M 1 WAN HAI I INr\ Oblobw S«rvice/Bookings Direct Um (1800) *****200 llnl hi lib V I*l* (03) 3J46H11 FA* 103) 3342J2M WITH: (04) *****00 FU:(O4)279t»W Y JOHTIL (07) 2SIM3 HULID7J2SIW2I SIR IE; (031) 329J475 HUt (0)1) J2927M/
      2,660 words
    • 714 26 MYANMA BB FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 328W SU> HPA-AN 320W SU> SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL: 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKL KUC JACARADAACE 91 SU) SU) SID
      714 words

  • Page 27 Advertisements
    • 1451 27 VESSEL VOY TSIN PKL DXB pSS DMM BIK CHABAHAR kHORRAMSHAHRI IRAN SHAHRYAR PCI 8032 02/05 03/05 12/05 13/05 19/05 21/05 23/05 25/05 IRAN SATTARI PCLBO3I 07/05 08/05 17/05 18/05 25/05 27/05 29/05 31/05 IRAN TEHRAN PCL 368 15/05 16/05 23/05 24/05 31/05 02/06 04/06 06/06 IRAN SHAHRYAR PCLBO33 22/05 23/05
      1,451 words
    • 607 27 UK CONTINENT SERVICE Loading for GLORIUS RTM/ATW/BMN/UK/NAN ATERMON RTM/ATW/BMNAJK/NAN Loads Singapore. EVW Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBI/ABU/DOH/BRN/DMM/KWT VTC STAR DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/JDH/AQA •Loads Singapore, E/W. Malaysia, Indonesia USA SERVICE Loading for NENA M C AM/NOL/NFK/SAV YONG AN 4 CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL •Loads EVW. Malaysia, Indonesia
      607 words
    • 831 27 vtssti VOT SIN pou Vtssn yqi sin jkt PAC BANDA mM 29/04 30/04 MATARAW EXP Mi 30/04 03/05 aC »AMPA UWN 01/05 02/05 AIAIUAYA 2 MM 02/05 04/05 PACIAHDA 1200* 03/05 03/05 fAt BHTAH 5244 Q2/05 D5/Q5 rAOAWDA 1201J} 04/85 04/05 KATARAM EXP 3004 05/05 0»/05 pac i AND* I2S2H
      831 words

  • Page 28 Advertisements
    • 581 28 HHHHiIGERSHARK IBIS 28 28/04fORDISaURGIN^NL^I ■PflifllTlGEß SEA IBIN 28 29/04 OS 06/05 11 12/05 I ■MUllilil HGER WAVE 182N 03-03/05 0809/05 15-16/05 B' lljT.rr.nr.- 83N 04-05/05 12 13/05 18-19/05 1 TIGER SKY 184N 084)9/05 15 16/05 22 23/05 I SEA '"MS 18-19/05 24-25/05 ■PVfnffffHTlGEß SPRING 507 27-28/04 04 05/05 I muvmm
      581 words
    • 984 28 FREIGHT LINKS EXPRESS PTE,LTD* 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 i ATTRACTIVE lcl rates to these various destinations VALPARAISO MANZANILLO CALLAO NINGBO SANTIAGO VERACRUZ MONTEVIDEO XIAMEN BUENAVENTURA PANAMA CITY DALIAN QINGDAO PLS CALL FOR BOOKING 6267 4694/5535/5541 /5508/5514/5551 /5560/5563/5565/5569/5553 PROJECT HEAVY LI FT CARGO t£
      984 words
    • 1214 28 I /T~\ I IMCC MAIN: TIL 6221-1333 FAX: 6221-5272 j I Ml? Wfc LlilkV notaanornnt pn «YlO:TO:6221-5596FAX:6227-1190 j /*JCm\ SINGAPORE: TONG JOO SHIPPING PTI LTD SMOSStISKc kooU g ,»tts.co«.s S NMK wum amuMl >m witmS I IVBSa W ETA SIN KH VISStI "VPT ETA SIN "IjUT" VKSfI VOT BO VBSB
      1,214 words
    • 160 28 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ivtssa vor>« h*swg*po« eta kjuhchTl I Chitfol of substitute O?QHW 25.05.04 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood *17-07/08 Apex Tower, Singapore *****5 Telephone: 6270 0977 VII Focsimile: 6275 2309 Telex: RS ***** SEAPAC DIRECT SIN NAMPO, P.P.R. KOREA I VESSEL
      160 words



  • Page 31 Miscellaneous
    • 125 31 g REGIONAL WEATHER JL f FOR 7AM 28 Apr 2004 S§s3§jr J §ft Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds Rain O ne h alf fleche represents 5 knots Cloudy Day -One full fleche represents
      125 words