The Business Times, 5 May 2004

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 85$ MITA (P) 023/03/2004 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com sg WEDNESDAY, MAY 5, 2004
    16 words
  • Article, Illustration
    Lock icon Temasek's shock UOL offer could put Wee companies in play
    1138 1  -  Investment company offers $2.06 a share for UOB's stake in UOL By Angela Tan [SINGAPORE] Singapore investment company Temasek Holdings yesterday offered to buy United Overseas Bank's stake in United Overseas Land at $2.06 a share, a move that potentially
    1,138 words
  • Article, Illustration
    Lock icon S'pore regains 2nd spot in IMD competitive rankings
    709 1  -  It also tops the league for small economies By Anna Teo [SINGAPORE] Close economic links with the United States and China have helped make Singapore one of the world's most competitive economies again second only to the US. Fourth last year behind
    Source IMD World Competitiveness Yearbook 2004  -  709 words
  • Article
    Lock icon MARKETS
    74 1 «TI 1,865.35 (+26.12) □ST INDEX FUTURES 1,862.00 (+31.00) SIMSCI 226.72 (+3.00) SIMSCI FUTURES 226.30 (+3.80) Tuesday Change KLSK (X)MP dosed NIKKEI 225 dosed HANG SENG 12,098.30 +147.68 SET INDEX 644.10 -4.06 JAKARTA (X)MP _779.60 -181 MANILA OWP—1,573.83 11.18 TAIPEI WPI 6,188.15 +158.38 ■OO.OOV 867.48 +1.37 SHENZHEN B dosed AL'ST
    74 words
  • Article
    Lock icon FINANCE
    75 1 FOREX RATES US$ S* l'S$ (SS per US$) 1.698 £(l!S$/S$ per 1.781 3.025 El T RO(l'S$/S$/E). 1.197 2.033 YEN 110.5 65.10 RM 3.800 1238 HK$ 7.800 4.598 BAHT 39.98 23.54 RI'PIAH 8,728 5.139 RENMINBI 8.277 4.874 INDIAN Rl'PEE 44.84 26.40 AS 1384 0.815 NZ$ 1.598 0.941 PRIME RATES SINGAPORE
    75 words
  • Article
    Lock icon Will Wee make a counter bid?
    1034 1  -  BOCK LOCK SIEW By Wong Wei Kong SO has Wee Cho Yaw finally met his match? How things can change in a matter of days. Minority shareholders in United Overseas Land (UOL), who found themselves big losers last week when Mr Wee's United Overseas
    1,034 words
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      103 1 UOB profit up 36 Pg 4 111 l 8 *****1 1 *****4 11 US competitive edge under threatfrom Asia, Pg 14 M 111 t-1111 ri l-rnr "iimiilril ;tn<l iii.hlc The motto contemporary brand building its own history. tS T 9 19 b 4 ?!fc SINCFDF%% I he first resonance wrist
      103 words
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    • Article, Illustration
      Lock icon VWs financial services arm opens S'pore hub
      616 2  -  Group's only treasury centre outside Germany will manage assets of 1.5b euros By Siow Li Sen [SINGAPORE] Volkswagen Financial Services AG, the financial services arm of the Volkswagen auto group, yesterday opened its AsiaPacific finance and treasury centre here, the first outside its
      616 words
    • Article
      Lock icon 2 rival bids for ground-handling licence
      449 2  -  Lufthansa unit is sole bidder for flight catering licence at Changi By Ven Sreenivasan [SINGAPORE] The Civil Aviation Authority of Singapore received one bid for a flight catering licence at Changi Airport and two bids for a ground-handling licence at the close of the
      449 words
    • Article, Illustration
      Lock icon S'pore tycoon swings US$172m island deal
      607 2  -  Raj Kumar makes foray into Pacific island By Vince Chong [SINGAPORE] Some may find Raj Kumar Hiranandani arrogant, or even cocky. But if his confidence and track record is anything to go by, the small Pacific island of Nauru could be in for some
      AFP  -  607 words
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      61 words
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      125 2 Drake Executive Search provides you with the expertise to match quality executives Professionals and Managers from middle to senior management positions, within your industry Our consultants bring a wealth of experience, assisting you in your search for the highest calibre of professionals and managers while allowing you to remain focused
      125 words
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      29 3 BINARY CARTIER WATCH vjSi?% r '41 i'm; "iiSSSfrTTir Tfofoi fcty~ i[~ CT *'^BMr' w |pß B "jy p"" *y~3BP*^!3y|^*^Mj|^^^^^^^ 1 i<U 11 I J H lb-~ 1 SHHMHHHSMHHRHMMHfIHHHHHMHSHHHHHjpMMHI HBWMMBIBMHMMHWBMi
      29 words
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  • SINGAPORE companies
    • Article
      Lock icon UOB's Q1 profit up 36%
      514 4  -  It beat forecast of $345m, but saw greater declines in net interest margin compared to its rivals By Siow Li Sen UNI l til) Overseas Bank, grappling with a surprise bid for its United Overseas Land stake yesterday, said firstquarter net profits rose 36 per
      514 words
    • Article
      Lock icon Fund manager dumps entire Informatics stake
      269 4  -  Arisaig sells 11.26% stake in open market for undisclosed sum By Kenneth Lim THE furious dumping of Informatics Holdings' shares on Monday saw fund manager Arisaig Partners a major shareholder of the education services provider unloading all its 35.3 million units or an 11.26
      269 words
    • Article, Illustration
      Lock icon Venture's profit rise falls short of forecasts
      549 6  -  11% increase in Q1 earnings below analysts' 20%-30% predictions By Serena Ng VriJN 1 UKhj corp yesterday reported an 11 per cent rise in first-quarter net profit, falling short of analysts' forecasts of 20-30 per cent earnings growth. But Singapore's largest listed electronics
      FILE PHOTO  -  549 words
    • Article
      Lock icon SingPost fulfills dividend promise despite profit dip
      428 6  -  By Tang Weng Fai SINGAPORE Post's core business stayed resilient despite the tough economic conditions it faced in its financial year ended March 31. This resulted in operating revenue dipping a marginal 1.3 per cent to $368.2 million and net profit falling just
      428 words
    • Article
      Lock icon SembCorp Marine's Q1 profit climbs 8.3%
      257 6  -  By Donald Urquhart DESPITE anticipated lower operating profits for the first quarter, SembCorp Marine reported an 8.3 per cent rise in first-quarter net profit yesterday, citing an improved ship-repair business and lower taxes. Net profit for the three months ended March 31 rose to
      257 words
    • COMPANY Briefs
      • Article
        Lock icon Astra raises sales forecast by a third
        72 6 Bloomberg PT Astra International, which is controlled by Singapore listed Jardine Cycle Carriage, yesterday said it expects to sell 70,000 Avanza and Xenia cars this year about a third more than it had earlier forecast because low interest rates are enticing more people
        Bloomberg  -  72 words
      • Article
        Lock icon Globe Telecom Q1 profit up 55%
        78 6 GLOBE Telecom, which is partly owned by Singapore Telecommunications, yesterday reported a 55 per cent jump in first-quarter profit to 3.1 billion pesos (Ss93 million) from 2 billion pesos. Globe, the second-largest Philippine mobile-phone company by customers, said sales climbed 16 per cent to
        78 words
      • Article
        Lock icon UIC sells non-core assets for $24m
        91 6 UNITED Industrial Corporation (UIC) has agreed to sell to Trevose International Pte Ltd its wholly owned subsidiary UIC Consumer Products Pte Ltd and its 45 per cent stake in United Detergent Industries Sdn Bhd for $24 million. UIC said yesterday the detergent and third
        91 words
      • Article
        Lock icon GEH names Morgan Stanley adviser
        89 6 GREAT Eastern Holdings yesterday announced it has appointed Morgan Stanley Dean Witter Asia (Singapore) to advise its independent directors on OCBC Bank's voluntary unconditional offer for GEH shares that it does not own. GEH also said that in connection with OCBC's offer, it will issue
        89 words
      • Article
        Lock icon Interra place out shares at 19.3c each
        93 6 INTERRA Resources yesterday said it has struck a deal with UOB Kay Hian to place out 70 million new shares at 19.3 cents apiece. In the event of oversubscription for the 70 million shares, UOB Kay Hian will place out a further 10
        93 words
    • Article, Illustration
      Lock icon SingTel seen posting big jump in earnings
      567 9  -  Its mobile customer base in S'pore, Australia and four regional units rise 37% in year to 47m By Angela Tan ANALYSTS expect Singapore Telecom to unveil another set of bumper results tomorrow in the wake of its latest announcement of strong regional mobile
      FILE PHOTO  -  567 words
    • Article
      Lock icon Temasek gets 19% of AsiaPharm IPO shares
      261 9  -  By Kenneth Lim TEMASEK Holdings isn't just eyeing property plays these days. The Singapore investment agency has also taken almost a fifth of Chi-na-based AsiaPharm Group's initial public offer (IPO) shares. Temasek companies Aranda Investments and Seletar Investments have received 20 million placement
      261 words
    • Article
      Lock icon Backdoor listing in offing for Van der Horst Engg?
      394 9  -  Deal to acquire up to 57% of Rotol's enlarged stake By Serena Ng AN investor who bought the operating assets of Van der Horst from its judicial managers in 2001 is now poised to attain a backdoor listing for them via
      394 words
    • Article, Illustration
      Lock icon SIAS eyes 5,000 subscribers for its new research service
      284 9  -  By Joyce Koh THE Securities Investors Association of Singapore (SIAS) research unit yesterday said it aims to get 5,000 subscribers by the end of this year and 10,000 subscribers by end-2005. At its official launch yesterday, SIAS Research said it has
      284 words
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      1311 4 JISHAN HOLDINGS LIMITED (Incorporated in Singapore on 21 October 2003) 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 follows:(a) 13,800,000 Offer Shares at 550.28 for each Offer Share by way of public offer; and (b) 76,800,000 Placement Shares at
      1,311 words
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      Lock icon Page 4 Advertisements Column 2
      116 4 This announcement appears as a matter of record only May 2004 ASIAPHARM GROUP LTD. (Incorporated in Bermuda on 2 July 2003) i it. f v v > K v. Invitation in respect of 105,000,000 Shares of US$O.O2 each comprising 85,000,000 New Shares and 20,000,000 Vendor Shares as follows: •L*: vTE*
      116 words
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      438 6 ft- »j\ e .^4^ v: —■y--m v "•Vht fi 1* roW/r '*»'•-sißira jftt llii ■u I^HH The Wakaf@Bencoolen |g| WAREES The development of the 12-storey residential building and four-storey commercial annexe at the Bencoolen Street first began in 2002. This X/ development was made possible by innovative strategies pioneered by
      438 words
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      18 6 Recruit from a wider audience Call 1800 289 8822 or email recruit @sph. com.sg for your recruitment solutions
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      44 7 i|f|^^H *ftSV .«jj& _ia :*mm^ v w jv Jr 41 V l .jg II Blf ;V: MM&$ Hf| v. V i,.*-ysaflß^Mlß^l^^|^H^^^^B|p fl Bfl Bfl s cj j >IW i^^B» 5 1 o if i^W»%'"4ISuI I,^Pggl^H^^^^,^T^i^,,J.V! UJ VJjH:' A 1 'Wil^ f jiiv L^dli^^^^j^BJ^HHH^ll^H^^^H gM|
      44 words
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      199 8 I Canon I I WORK MORE I I INTELLIGENTLY. I I DON'T GO INTO I I THE OFFICE. I COME TO THE CANON IQ SHOW 2004. H Meritus Mandarin Singapore, Level 5, South Tower, Mandarin Ballroom, 333 Orchard Road, Singapore *****7 13th May 2004,10:30am-6:oopm, 14th May 2004, 10:00am-6:00pm Discover how
      199 words
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      377 9 Canon jMßjp d^&& SBBE o MISS?' ■m o jKKj#;- H IDEAS FOR AN INTELLIGENT OFFICE SBgl I EIGHT GOOD I REASONS TO ATTEND OOP SEMINAR. B| 13 May 2004, Thursday |HSR HK 11:00 11:45 am 1. Beyond Copiers: Revolutionising the Way You Work with flHrap Canon Integrated Solutions «BE||g Speaker:
      377 words
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  • SINGAPORE markets
    • Article
      Lock icon BROKERS' TAKE
      668 10  -  Compiled by KENNETH LIM Singapore Telecommunications May 4 dosing: $2.40 SINGTEL is to release its FYO4 results (year ended March 31, 2004) tomorrow morning. We forecast full-year earnings will increase by a significant 191 per cent year-on-year to $4.1 billion, boosted by a potential $950 million capital gain
      668 words
    • Article, Illustration
      Lock icon STI could rise to 1,890, then slide towards 1,720
      350 10  -  CHART POINT By K Ajith, Lim Say Boon OCBC Investment Research Pte Ltd BEWARE the "sucker rally". Last Friday's intra-day reversal or key day reversal was the single largest bullish range expansion since the start of the year. But is that
      Source: Bloomberg  -  350 words
    • Article, Illustration
      Lock icon China threat compounds US interest rate worries
      809 10  -  BT comment CURRENCIES larry wee THE tone has soured unmistakeably for Asian currencies over the past week, thanks to a nasty surprise sprung by Chinese Premier Wen Jiabao. And to make matters worse, the greenback continues to be buttressed by fear of higher
      809 words
    • Article, Illustration
      Lock icon Robust earnings play sidelines interest rate fears
      537 10  -  BT comment YOUR MONEY r. sivanithy AN unexpectedly strong earnings play lifted key blue chips yesterday, bringing some relief to the local market and lifting the Straits Times Index 26.12 points to 1,865.35. Providing the backdrop was a relatively firm Monday session on
      537 words
    • TRADES TO WATCH
      • Article, Illustration
        Lock icon SFI chief cuts holding to 0.29%
        86 10 SINGAPORE Food Industries (SFI) chief executive Peter Tay (right) sold a total of 200,000 shares in the open market on April 30 and May 3 at 80 cents per share. The sales about a month after Mr Tay converted 250,000 options into shares and
        86 words
      • Article
        Lock icon Tat Seng MD pares stake to 38%
        63 10 TAT Seng Packaging Group managing director Low See Pong sold 11.5 million shares, or a 7.32 per cent stake, on May 3 in a private placement at 22 cents per share. This reduced his direct stake in the company to 37.68 per cent
        63 words
      • Article
        Lock icon Utac chairman buys lm shares
        72 10 THE non-executive chairman of chip tester United Test and Assembly Center (Utac), Charles Chen, bought one million shares in the open market on May 3 at an average price of 86.75 cents per share. This raised his deemed shareholding in the company to 3.83 per
        72 words
      • Article
        Lock icon Midas director raises stake to 15.14%
        79 10  -  Compiled by SERENA NG A NON-EXECUTIVE director and substantial shareholder of Midas Holdings, Chew Hua Seng, yesterday bought 400,000 shares of the recently listed manufacturer of aluminium alloy extrusion products at 74.5 cents per share. The open-market purchase raised Mr Chew's direct stake to
        79 words
    • Article, Illustration
      Lock icon Untitled
      418 10 OTHER SINGAPORE INDICES May 4 VALUE CLOSE BT OB/OS -636.00 >334.00 BT CAW -*****.00 +167.00 BT 10-day MA -*****.00 -63.00 AIKSG5 Equities 498.93 +5.59 SG Equities Elect 173.01 +2.86 SG Equities Fin 1520.41 +18.95 S6 Equities Prop430.17 -5.99 SWWSd 226.72 +3.00 SiMSCI Futures 226.30 +3.80 Stocks Votam Informatics 5c 38,107,OCX)
      418 words
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      295 11 "f*l iT't"! HiiC'f jryt l^'^^l^Tl'^f^''^' ,^"y f —"—-r A*" >^*r Hs vS*- wJdixM*-- -v».v -<■ "f T'Jr ''fli -flPAttflfcflf mIH^ 1 1 k < jH ft J "J i Vi *j*f l f ihfr rr-"-"" B'lj uhKUil fa s ~iJ>iiu &e> Lt- "si Asia, and especially Singapore, is an important
      295 words
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  • EXECUTIVE money
    • Article
      Lock icon Feedback wanted for currency fund guidelines
      388 12  -  By Genevieve Cua THE Monetary Authority of Singapore (MAS) is seeking feedback on a set of investment guidelines for currency funds, paving the way for a new asset class in Singapore's retail funds market. The consultation paper is part of a round of consultations
      388 words
    • Article, Illustration
      Lock icon When you can't earn your wage
      1222 12  -  Genevieve Cua looks at how you can protect your earning capacity Genevieve Cua IF you are an employee or even selfemployed, and have a young family, it is logical to think that you may need an insurance plan to protect your income earning capacity.
      AFP  -  1,222 words
    • Article
      Lock icon Premiums up for critical illness plan
      433 12 PREMIUMS OF critical illness (CI) plans appear to have risen among some insurers, since the definitions of the illnesses were standardised last July. For most insurers, premiums have also ceased to be guaranteed. This means they may rise in the future if the claims
      433 words
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      829 12 I Distinguished Speaker DelOltte# Paul Pacter LASB Project Leader Writer of Instruments: MBI IhKS/MNIiAPQRE FRS vs *7* a d T M surera n ent lUS GAAP VS PRC GAAP Deloitte Touche Tohmatsu Director <u The accounting standards and financial reporting framework in Singapore have been, and still are, undergoing a
      829 words
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      101 12 International Business Park (IBP) Close to Jurong East MRT station and bus interchange 115sqm onwards Raised floor system Column-free layout f, The Synergy 1423qm onwards Great tenant mix r WSm Column-free layout Changi Business Park 10-min drive to Changi airport and close to PIE ECP The Signature 127sqm onwards Next
      101 words
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      334 12 ■HH Cafi toB-fra 18M *****22 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CLEANROOM RESOURCES PTE LTD Notice of Resolutions for Members' Voluntary Winding Up (Pursuant to Section 290] At the Extraordinary General Meeting of the members of Cleanroom Resources Pte Ltd duly convened
      334 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Demand for semicon equipment to grow 70%
      530 13  -  EYE ON THE ECONOMY S'pore ramping up capacity to meet Surging global demand for chips By Raju Chellam SINGAPORE'S demand for semiconductor equipment is set to grow 70 per cent this year to cross US$l.3B billion, the second-highest in the world after South
      Source: Semiconductor Equipment & Materials International; CHRIS LOH  -  530 words
    • Article
      Lock icon SMU gets $200m donation to launch 2 initiatives
      245 13 Lee Foundation gives $50m to seed scholars, foreign talent programmes THE Singapore Management University will receive a $200 million donation to launch two initiatives one to groom scholars and the other to sharpen the university's edge in hiring foreign talent. Most of
      245 words
    • SINGAPORE Roundup
      • Article
        Lock icon New role for Amex executive
        92 13 AMERICAN Express International (Amex) has appointed Y C Koh vice-president and general manager for travellers cheques and pre-paid services in the Japan, Asia-Pacific and Australia (JAPA) region. Mr Koh joined Amex in 1989 and was previously based in Hong Kong, where he was vice-president of
        92 words
      • Article
        Lock icon Mamma Mia! coming to S'pore in Sept
        70 13 SINGAPORE will soon get a feel-good musical packed with catchy songs. Mamma Mia!, the musical, is set to run for at least two months at the Esplanade Theatre from Sept 21. It is filled with songs of Swedish group Abba, including "Dancing Queen"
        70 words
      • Article
        Lock icon Htyack scare on SIA flight to LA
        100 13 A HIJACK scare on an SIA plane heading for Los Angeles yesterday turned out to be a false alarm. The cause was a faulty transponder. According to Channel News Asia, the new Airbus A 345 began transmitting a hijack alert, which was picked
        100 words
    • Article, Illustration
      Lock icon Tantalising deals from for BT readers
      929 14 From now till May 31, seafood lovers can feast on succulent lobsters, tasty scallops, fresh steamed fish and bamboo clams at these outlets which offer Citibank cardholders special deals (terms apply). BT readers: You could be one of five lucky winners to walk away
      929 words
    • Article, Illustration
      Lock icon US competitive edge under threat from Asia
      411 14  -  China and India seen leading major shift in world competitiveness By Anna Teo ASIA, led by China and India, and soon Russia and Central Europe are emerging as world competitors in their own right, says the director of the IMD's world competitiveness project.
      AFP FILE PHOTO  -  411 words
    • Article
      Lock icon SMEs need to be more transparent: Spring
      229 14 SMALL and medium enterprises (SMEs) must become more transparent if they are to improve their credit ratings, says Spring Singapore. Spring is supporting a survey by information and credit bureau DP Information Network, which is polling 10,000 SMEs on matters such as transparency
      229 words
    • Article
      Lock icon New chief at Morgan Stanley
      202 14 Ronald Ong to replace Michael Dee as CEO of S-E Asia business GLOBAL financial services firm Morgan Stanley yesterday announced that Ronald Ong, who is its investment banking head for South-east Asia, will succeed Michael Dee as CEO of its South-east Asia business. In June,
      202 words
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      890 13 NOTICE MV "THE MERCURY" ("the Vessel") Registration No.: *****7 Call Sign: 9MCT6 Port of Registry: Port Kelang Flag: Malaysia TAKE NOTICE that New Century Group Asia Limited is desirous of purchasing the above Vessel from the owners, Viking Line Sdn Bhd (Company No. *****4-A) of Lot 6, Jalan Murai 2
      890 words
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      251 words
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    4048 14 UNIT TRUSTS FUNDS Com Spore Bond fund/ A 1.101/ Credit Agricoie Asset Mgt S port Ud AM Anro Asset Mgt (S'pore) Indocam Asia Vision!" 1.083/1.138 Star Emope Eqty!" 0.74/ MS Asset Mat Star Europe Bond 1228/ Sherrton Twn (5» 1285/1 345 Star Europe Bal 1.042/ Growth!" 0935/098 Star Asian Tiger
    4,048 words
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  • REGIONAL news
    • Article
      Lock icon Kerry, Shangri-La to invest US$600m in Shanghai complex
      327 15 HONGKONG Bloomberg KERRY Properties Ltd and Shangri-La Asia Ltd, which are controlled by the family of Malaysian tycoon Robert Kuok, plan to invest a combined US$6OO million in a hotel, office, residential and retail complex in Shanghai. Kerry, which has about a
      Bloomberg  -  327 words
    • Article
      Lock icon M'sian port sector set for robust growth: report
      164 15 KUALA LUMPUR MALAYSIA'S port sector looks set for exceptional growth in the immediate term, with more major line operators (MLOs) expected to use the country's ports as a base, Malaysian Business Times reported yesterday. Citing research notes by Avenue Securities, it said
      164 words
    • Article, Illustration
      Lock icon Unrest could hurt economy: Thaksin
      464 15 BANGKOK Govt may not be able to meet 8% growth target, says PM Reuters ESCALATING violence in Thailand's Muslim-domi-nated south could undermine the government's efforts to meet a target of 8 per cent economic growth in 2004, Prime Minister Thaksin Shinawatra warned yesterday. Travellers have
      Reuters; FILE PHOTO  -  464 words
    • Article, Illustration
      Lock icon Manila needs bold steps to revive economy: ADB
      610 17 MANILA Govt debt has soared to 120% of GDP; FDI down 82% last year; jobless rate 11% AFP IT will take more than a new president to bail out the struggling Philippine economy, mired in widespread poverty and a deepening debt, analysts
      AFP  -  610 words
    • Article
      Lock icon HK properly sales in April soar to HK$33b
      187 17 HONG KONG Bloomberg HONG Kong property sales, mainly of apartments, more than doubled in April, rising for the seventh straight month as demand remained strong amid an economic recovery. Sales of properties surged to HK533.2 billion (557.2 billion) last month from HK$l2.B
      Bloomberg  -  187 words
    • NOTE Book
      • Article
        Lock icon China confirms 3 more Sars cases
        36 17 AFP [BEIJING] China's health ministry said yesterday three suspected cases of Sars have been upgraded to confirmed cases. This brings to nine the number of confirmed cases in China. —AFP
        AFP  -  36 words
      • Article
        Lock icon Taiwan names new ministers
        23 17 Reuters [TAIPEI] Taipei named senior economic policymaker, Ho Mei-yueh, its economic minister. Lin Chuan stays as finance minister. —Reuters
        Reuters  -  23 words
      • Article
        Lock icon Indon trade surplus falls in March
        57 17 AFP [JAKARTA] Indonesia's trade surplus fell to US$l.94 billion in March from US$2.Ol billion in February as export growth could not keep pace with imports, the Central Bureau of Statistics said. Exports rose 3.46 per cent month-on-month in March to US$5.O7 billion. Imports rose
        AFP  -  57 words
      • Article
        Lock icon HK tax revenue increases 14%
        89 17 Bloomberg [HONG KONG] Hong Kong's tax revenue rose 14 per cent in the'financial year ended March 31, boosted by an increase in profit tax earnings amid an improving economy. Tax revenue rose to HK5106.2 billion (Ss23 billion), the Inland Revenue Department said. Revenue from profit
        Bloomberg  -  89 words
    • Article
      Lock icon China plans strictest audit yet of key state firms
      230 17 BEIJING Reuters CHINA'S auditor will soon scour the accounts of nine key state firms, including the country's largest offshore oil producer, after revealing irregularities at the predecessor firm of listed insurer China Life. The National Audit Office would audit the 2003
      Reuters  -  230 words
    • Article, Illustration
      Lock icon Youth fuels China property groups
      534 18 SHANGHAI Thirty-somethings impress foreign investors with their drive and verve Reuters CHINA'S property industry is barely a decade old and its movers and shakers are not a great deal older. But the "thirty-some-thing" tycoons are quickly earning the trust of foreign investors eager for exposure
      Reuters; REUTERS  -  534 words
    • Article
      Lock icon India may take 10 years to match China as growth-driver
      588 18 WASHINGTON AFP DESPITE its blistering economic growth, India may take more than a decade to match China's role as a key growth engine for Asia, the chief economist of the Asian Development Bank said here on Monday. It could take
      AFP  -  588 words
    • Article
      Lock icon Infosys opens disaster recovery unit in Mauritius
      469 18 PORT LOUIS New centre could boost its market share in Europe Reuters INDIAN software firm Infosys Technologies Ltd has launched operations in Mauritius, hoping to use the country's French and English language skills to boost its European market share, a company official said
      Reuters  -  469 words
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      406 15 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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  • EDITORIAL & opinion
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      Lock icon Beijing's peacemaking travails
      790 16  -  THE bottom line OPINION frank ching THE agreement to hold a working group meeting of the six-power talks on May 12 is one of the few tangible signs of movement in China's yearlong effort to help resolve the North Korean nuclear crisis. The announcement came shortly after
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    • Article
      Lock icon IN OTHER WORDS
      46 16 'What we learn from history is that people don't learn from history.' Warren Buffett the billionaire investor, on investors who ignored common sense several years ago when the stock market was surging at an unrealistic pace, led by the boom in tech stocks.
      46 words
    • Article
      Lock icon More IPO disclosure, please
      616 16 EDITORIAL INITIAL public offers appear to have taken a slight turn for the worse in the past few months, investors clearly becoming more discerning in their choices because of US interest rate worries and increased Wall Street volatility. A recent study shows that more than a
      616 words
    • Article, Illustration
      Lock icon From 'one China' policy to many China policies
      1439 16  -  Mixed messages on Taiwan coming out of Washington are bewildering officials and observers in Beijing From Leon Hadar in Washington UPON entering the White House in early 2001, President George W Bush and his aides dismissed ex-president Bill Clinton's policy of "strategic
      REUTERS  -  1,439 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      226 16 CRYPTIC CROSSWORD DOWN 1 Majestic time (6) iQ (8) Across: 1 Flabbergast 8 Table 2 Braille chart? (6-3) Explosive utterance, not an tennis, 11 Lark, 12 Para, 13 3 One of a number holding up instrument to be used in sur- Sackbut, 15 Cassock, 16 Resin, the train (7) (7)
      226 words
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  • Article
    Lock icon SGX
    807 17 Transaction date: May 4 iuxk mm* m Oaaa Q*m\ Mnctnama m Of Omwq. AUgreenSOc 030 1000 *0.015 MX 1.41 '990 .0.090 B*.«nMUS20t 036 0725 .000* OCBC 890 12 200 .0100 C*pitaLr<d VH 1(90 .0010 Partway M 25c 0 59 1100 Oiart ScmCond 26c 12* 1520 .0.040 Peopla't Food HKSOt
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  • Article
    Lock icon BONDS & WARRANTS
    743 17 BONDS WARRANTS Prem Eipiry Tel Last Vol Conv E*er Disc Gear- Mths Cod* company Sale +or- {'000) Ratio Price S ing Lett 3779 ASL Marine Hldgs W*****1 15.5 1 S3 29 3.42 47 3698 AST1W*****1 32 1 16 9 1 66 1 3697 Acma Ltd W*****6 .0.5 1 50 621
    743 words
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      150 17 ITTI A l* J. Presented Hi Diners Club Credit Card *****980 Where to wine, dine dnd entertain... »||m ushepri ieges4iVttb /Special Lunch Menu y-* EEr $5.80 Nett Per Item \EE With FREE Choice of One Coffee/Tea/Soft Drinks or Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow
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      124 17 new Park Hotel SINGAPORE MOTHER'S DAY AT NEW PARK HOTEL 8 9 May NEW PARK CAFE Tunch Buffet Adult: $23 Child: $14 Euro Asia So Shiok Buffet Dinner Adult $32 Child $18 Includes door gifts for mothers and free flow of Aloe Vera or Peach drink. Mother's Day Cooking Demo
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      232 17 ~j n ft nHV *-1 qTA|3b H| AV'SSB Identifying key trends and exceptions from the mass of data FALCON provides you with: collected can be a difficult task for any Group. Often too much A single, open relational database creating one version of the truth. time is spent in producing
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      32 17 /fi> I Spring Court V I The Oldest S Chinese ResUnawnt in Singapore since 1929. 74Anniversary Special PEKING PUCK Limited to oof per fbte with min. order of $50 oawiidi. I i
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      36 17 MERITUS MANDARIN SINGAPORE MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: 6831 6291 Coffeehouse MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
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  • Article, Illustration
    Lock icon FINANCE
    1104 18 Transaction date: May 4 DtTERBAMK CROSS RATES *S C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM HZS Pah Rs Peso S$ Rand Sfr NT$ Baht Pound USS Australia 0.990 5.981 0.604 5.636 32.401 63.072 0.799 8.456 2.746 1.155 41.528 40.252 1.227 5.037 0.938 24.041 28.890 0 40*
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  • Article
    Lock icon COMMODITIES
    1543 19 SICOM FUTURES May 4 RUBBER Futures (Closing prices) RSS1(S cents/Kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 04 ***** Jul 04 233.00 Aug 04 233.50 Sep 04 232.75 Oct/Dec 04 233.25 Jan/Mar 05 235.25 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
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  • WORLD news
    • Article
      Lock icon Higher oil prices hurt world economy: IEA
      555 19 WASHINGTON Current levels could hamper growth, speed inflation, raise unemployment NYT, Reuters HIGHER oil prices have hurt the global economy and could further hamper growth, bolster inflation and increase unemployment over the next two years if prices stay at their current levels, according
      NYT,; Reuters  -  555 words
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      Lock icon US envoy asks Americans to leave Saudi city of Yanbu
      195 19 AFP [YANBU, Saudi Arabia] The US ambassador to Saudi Arabia, James C Oberwetter, on Monday called on American citizens to leave the industrial city of Yanbu after last week's gun attack here in which five western oil engineers were killed.
      AFP; AP  -  195 words
    • Article
      Lock icon Sasser worm knocks out over a million PCs
      401 20 LONDON Both corporate and home computers hit, stoking fears of more outbreaks Reuters THE rapidly evolving "Sasser" computer worm tore across the Internet yesterday disrupting corporate and home computer systems and stoking fears of more potent outbreaks to come. First detected over
      Reuters  -  401 words
    • Article
      Lock icon Sara Lee names new president, COO
      282 20 CHICAGO AFP BRENDA Barnes, the former Pepsi Cola executive who gave it all up to become a stay-at-home mother, will join consumer products giant Sara Lee Corp in July, the company said. Ms Barnes will assume the duties of president and chief operating officer
      AFP  -  282 words
    • Article
      Lock icon Gates slapped with US$800,000 fine
      202 20 AFP, AP [WASHINGTON] The world's richest man, Bill Gates, agreed to pay an US$BOO,OOO civil penalty to settle charges that he violated merger reporting requirements on an investment he made, officials said on Monday. The Justice Department said the deal involved Mr Gates' personal investment
      AFP,; AP  -  202 words
    • Article
      Lock icon New factory orders surge 4.3% in March
      255 20 LATEST US DATA Private sector report shows layoffs rose in April Reuters [WASHINGTON] New orders at US factories rose by much more than expected in March, government data showed yesterday, with non-defence orders posting their largest monthly gain in 12 years. In more
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    • WORLD Watch
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        Lock icon Greenspan scores over Bush
        91 20 AFP [WASHINGTON] US Federal Reserve chairman Alan Greenspan (right) won more respect on the economy than President George Bush and other top elected politicians in a Gallup Poll released yesterday. Sixty-one per cent of those polled had either a "great deal" or a "fair amount" of
        AFP  -  91 words
      • Article
        Lock icon British Telecom, HP forge alliance
        85 20 Reuters [LONDON] BT Group and Hewlett-Packard yesterday unveiled an alliance that will see the UK telecoms firm and the world's No 2 computer maker pool their strengths to target global corporate spending on telecoms and technology. To start with, the two firms have signed a
        Reuters  -  85 words
      • Article
        Lock icon Music firms in unpaid royalties deal
        80 20 Reuters [LONDON] The world's five major music companies will announce an agreement with New York attorney-general Eliot Spitzer later yesterday to distribute about US$5O million in unpaid artist royalties, according to a source. Under terms of the deal, Sony Corp's Sony Music, Warner Music
        Reuters  -  80 words
      • Article
        Lock icon Only one WTC payout for Swiss Re
        79 20 AFP [ZURICH] A US federal jury has ruled that one of the world's largest reinsurance companies, Swiss Re, will have to make only a single payout of US$BBO million for the Sept 11 attacks in New York, the company said. The verdict in
        AFP  -  79 words
      • Article
        Lock icon Tyoo Q2 earnings rise to US$782m
        68 20 Bloomberg [BOSTON] Tyco International, the world's biggest maker of security systems and electronic components, said fiscal second-quarter profit rose because of cost cuts, a pick-up in electronics orders and sales of new products. Net income climbed to U*****.4 million, or 37 cents a share,
        Bloomberg  -  68 words
      • Article
        Lock icon Citigroup fond ups offer for Hynix unit
        88 20 Reuters [SEOULJ An equity tund at Citigroup nas raised its offer to buy non-core chip-making units at Hynix Semiconductor to over 900 billion won (Ssl.3 billion), a source said yesterday. Hynix last month snubbed a US$55O million offer, saying the company was better
        Reuters  -  88 words
    • Article
      Lock icon World Bank chief blasts rich nations for stingy aid spending
      441 21 WASHINGTON He says they make headline noises but fail to deliver promises Reuters WORLD Bank President James Wolfensohn blasted rich nations on Monday for making statements on issues such as poverty, aid or trade to score headlines and then failing
      Reuters  -  441 words
  • Page 19 Advertisements
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      109 19 Companies can nominate themselves for the 2CX)4 Enterprise awards by completing the official nomination form. Companies must be home-grown, privately-owned j#**' S A anc ncor P ora,ec unc^er Singapore's Companies Act (1994 A Revised Edition), with three years of audited statements. Nomination forms ore available of: f .■*•s• Enterprise 50
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  • Article
    Lock icon STOCKS ASIA
    4786 20 > Transaction date: May 4 HONGKONG Vot HK Exchanges »Clearing..16.30 0.60 5184 HKS '000 HKRInfl 2.53 0.10 2111 Hong Kong Electric 33.10 0.13 3673 Aeon Credit 5.20 0.05 330 Hongkong Chinese 1.01 0.01 428 Aeon Stores 5.75 0.10' 22 Hongkong Chinese Ltd 1.01 0.01 428 Alpha General.... 0.34
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      629 20 CaU toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50. AND IN THE MATTER OF AGREE INTERNATIONAL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At on Extraordinary General Meeting of the members of Agree International Pte Ltd, duly convened and held at the registered office, 122 Middle
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  • Article
    Lock icon SGX MAINBOARD
    6555 21 Transaction date: May 4 52-Wk Tel Lvt Vol Day lact Quote GrtMv W* GrYM Nat MCap Hg» Una Code Company Salt OW) HI# lam layer 5*r Cw P« &■> 57.9 32.9 5834 A Sonic 39xd -1 183 40 39 39 <0 5 N9.7 0.6 13* 132 8 5300
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    Lock icon SGX XTRANET
    71 21 H-Mt T«l Last Vol Day Last Quote GrtMv On GrVM Net MCap High Low Cod* Company Sate OOP High Low liiyM Sa»a> Cvr fit imt 2060 2000 606S Diamonds US2060 2120 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS&P500 US8270 ***** 9650 6170
    71 words
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    Lock icon SGX SESDAQ
    1944 21 S24* Id Last Vol Day LattQuotc GrOw Dcv GrVM Net MCap ligf l—> Code Company Sate W- 000 High Low fciyr Sater Cw HI Sm5 26 85 5000 ABRHIdgsSt 14 13 16 2; <2 15 2101 APOiISc 30xd -0.5 25 30 30 30 30.5 5 N9.1 0.8 11.6
    1,944 words
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    Lock icon CLOB INTERNATIONAL
    346 21 S2-M Td Last Vol Day L«tQuota GfOtv Wv GrYM Nat MCap HK» Low Co4« Cowpwty Sato W- nw») W» tow —1" Cw HE S«Jl 228 116 6000 AVJennings A25c A211 +1 23 211 211 210 212 40 8.8 4.7 8 454.1 6001 Cathay Pac 20c HK720 265 2.1
    346 words
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      53 21 #i4UDEMARSPIGUET Le maitre de I'horlogerie depuis 1875 Available at: Regional Agent, Showroom Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. THF HOI IR C\\ 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 6238 6678 Fax: 6238 6676. 1 IC rIWLIIV VJL-WJJ internet: http://www.audemarspiguet.com Scotts S.C. Tel: 623S 6527 Raffles Hotel
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  • BT motoring
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      Lock icon Car buyers eye cash refunds amid Parf glut
      688 22  -  Car buyers face money-losing possibility of having more scrap rebate than can be used, says Samuel Ee Samuel Ee NEW car buyers are increasingly questioning the rationale behind not getting cash refunds for Parf as they face the growing problem of a
      688 words
    • Article, Illustration
      Lock icon Manual Focus bucks auto trend
      353 22  -  By Samuel Ee FORD distributor Regent Motors has done what some motor traders in Singapore won't it has imported a model with a manual gearbox after strong customer demand. Starting this weekend, Regent will market a 1.6-litre Ford Focus five-door hatchback with manual transmission. Sales
      353 words
    • Article
      Lock icon DaimlerChrysler showcases 'green' bus
      301 22  -  By Samuel Ee DAIMLERCHRYSLER South-east Asia has brought in the first Merce-des-Benz compressed natural gas (CNG) bus to showcase the technology in Singapore. The automaker said it wanted to demonstrate the benefits of the CNG bus in the areas of fuel consumption, engine development, transmission, handling,
      301 words
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      147 22 .ivr^-..£■■•.. v r v "jlf i '%> >' f• V*■ 'aft;.' :^C|SV;3"; ::-w; $m >-'■ C'V' H'"-'''■'"?*■ 'I« < *f" "^r,. v ;v v On Wednesday 28th April %4fjijt" I ~v 4% 260 companies made 5.6k in one evening. Irlfifc' ft ■>■" i V a i *V V£.- *> ,-W
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  • SHIPPING TIMES
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      Lock icon PIL places order for its first panamax vessels
      274 23  -  By Donald Urquhart [SINGAPORE] Singapore'* Pacific International Lines (PIL) is venturing into the "panamax" world with an order for its first 4,250 TEU box ships from China's Dalian New Shipbuilding Industries. The two 43,000 GRT ships will be delivered in the second
      274 words
    • Article
      Lock icon Fasa event
      46 23 THE Federation of Asean Shipowners' Associations (Fasa) has clarified that the cocktail reception-cum-din-ner to be held later this month in conjunction with the 13th Asian Shipowner's Forum will be hosted by Fasa, with President S R Nathan and Mrs Nathan as guests of honour.
      46 words
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      Lock icon TRANSPORT STOCKS
      292 23 SGX '000 May 4 SS W- Vol CH Offshore 0.37 0.01 6133 Chuan Hup 0.51 0.02 1009 Cosco Investment 0.80 0.05 ***** CWT Distribution 0.53 0.02 20 Ezra Hldgs 1.01 0.03 323 Freight Links 0.11 unch 207 GB Holdings .0.74 unch 17 Jaya Holdings 0.79 0.01 3754 K1
      292 words
    • Article, Illustration
      Lock icon High-seas protest
      49 23 [PARANAGUA, Brazil] A Greenpeace activist remains attached to the anchor chain of cargo ship Global Wind 40 km off the port ofParanagua, southern Brazil. Environmental activists on Tuesday tried to prevent the ship that reportedly carries genetically modified Argentine soybeans from continuing its navigation to Paranagua. AFP
      AFP  -  49 words
    • Article
      Lock icon EU registers now hold 24% of tankers
      150 23 Bloomberg [LONDON] Almost a quarter of the world's tanker fleet will carry the flag of a European Union nation after 10 new members were added on May 1, London-based shipbroker EA Gibson said. Of the 10 new members, only Cyprus, Malta and Latvia
      Bloomberg  -  150 words
    • Article
      Lock icon China Shipping forecast to double its profit
      708 23 IPO aspirant luring investors with its low-cost fleet Bloomberg [HONG KONG] China Shipping Container Lines Co, which is planning a US$2 billion initial share sale, China's biggest this year, may more than double its profit in 2004 after it expanded capacity, according to
      Bloomberg  -  708 words
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      Lock icon Jaya to build small tankers in China
      553 23  -  Move to tap surging demand for double-hulled tonnage By Beth Jinks [SINGAPORE] Singapore shipbuilder and offshore marine support group Jaya Holdings plans to build small tankers in China to tap the demand surge for modern, double-hulled tonnage. Group managing director Pang Yoke Min
      553 words
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      Lock icon Sorting out the devil in the ISPS Code detail
      895 24  -  STRAIT TALK By David Hughes IT is one thing to pass legislation, national or international, but it can be quite another to put it into practice effectively. That comments looks like applying to the International Maritime Organisation's (IMO) new anti-terror attack
      ISMA  -  895 words
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      Lock icon SHIPPING SCHEDULES INDEX
      198 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 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee
      198 words
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      Lock icon SHIPPING GUIDE
      12169 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 22/05 19/06 COSCO E GOVERN 0540-103W 65-*****900 To ABIDJAN (ABJ) 2003 Cot* D'lvoire 24/05 23/06 CMACGM CSAV YOKOHAMA *****S 65-*****(00 12/05 20/06
      12,169 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        553 31 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER338 E4111 J3 A/SIDE 05/05 0200 BUANA ABADI 01/04J J15 A/SIDE 05/05 0630 CELTIC CTC017 J8/9 A/SIDE 05/05 1000 FRIO BRAZIL C***** J6 A/SIDE 05/05 2300 MMM ALICE 8 J5 A/SIDE 05/05 0300 OCSERAYAV 114/04 J15 A/SIDE 05/05 0630
        553 words
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        Lock icon CONTAINER SCHEDULES
        1736 31 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MARGUERI 030N 030N 1 08/05/2004-15:00 09/05/2004-03:00 ALSABAHIA Q85E C285E 1 08/05/2004-21:00 09/05/2004-09:00 ALAMJAYA 2 8894N 8894N J_ 08/05/2004-23:59 09/05/2004-05:00 ANOA 4107 4107 1 05/05/2004 10:00 05/05/2004-14:00 T01 ANDREAS 1714E
        1,736 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        113 31 MayS Japan: Children's Day. Netherlands: Liberation Day. S.Korea: Children's Day. Thailand: Coronation Day. May 8 France: Remem Day (WW2). May 17 Norway: National Day. May 20 Belgium: Ascension Day. France: Ascension Day. Germany: Ascension Day. Indonesia: Ascension Day. Netherlands: Ascension Day. Norway: Ascension Day. Sweden: Ascension Day. Switzerland:
        113 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        806 31 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 indicated. The Cockett Bunker Price Index change and the
        806 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        584 31 Carbon '80 Max 989.9 0.6 16.2 0.06 38 0.04 Apr 29 Density Water Residue AshAluminlum Sediment No above E25 0 0 1 0 0 0 ITU/ii 380 A*e 986.7 0.3 13.8 0.05 24 0.02 Con 380 Max 994.4 0.7 17.8 0.08 64 0.05 K6/HT3 v/v m/m
        584 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Air France completes 784m euro purchase of KLM
        594 32 Combined group expects to save as much as 495m euros a year Bloomberg [PAßlS] Air France SA bought KLM Royal Dutch Airlines NV, creating an airline group that will be the world's largest as measured by revenue and the third-biggest by passenger
        Bloomberg; AFP FILE PHOTO  -  594 words
      • Article, Illustration
        Lock icon Delta to recall laid-off pilots as traffic rises
        386 32 Up to 1,060 pilots likely to be phased in at 20-50 a month NYT [ATLANTA] Delta Air Lines agrees with its pilots union that rising traffic levels have triggered a recall of up to 1,060 pilots who were furloughed after the Sept
        NYT; BLOOMBERG FILE PHOTO  -  386 words
      • Article
        Lock icon Thai AirAsia posts operating profit
        243 32 It says more people shifting from trains and buses to flights Bloomberg [BANGKOK] Thai Air Asia Co, a budget airline venture of Thailand's Shin Corp and Malaysia's Air Asia Sdn, posted an operating profit for the first time in April as its low-priced tickets attracted
        Bloomberg  -  243 words
      • Article
        Lock icon NZ airports may have to pay for security improvement
        157 32 Bloomberg [WELLINGTON] Auckland International Airport Ltd and New Zealand's other airports may have to pay to improve baggage and passenger screening required to improve security, Finance Minister Michael Cullen said. The government is reviewing security at international airports and estimates that
        Bloomberg  -  157 words
      • LOG Book
        • Article
          Lock icon Korean Air's first-class seats offer
          107 32 Bloomberg [SEOUL] Korean Air Co, South Korea's fifth-largest carrier by sales, will offer first-class seats on daily Seoul-Tokyo flights that use airports closer to the city centres than the international hubs of Incheon and Narita. Starting Monday, the Seoul-based carrier will provide 16 first-class seats
          Bloomberg  -  107 words
        • Article
          Lock icon SAS posts 1.4b kronor loss in Q1
          176 32 AFP [STOCKHOLM] Scandinavian Airline Systems (SAS) said yesterday its net loss shrank slightly in the first quarter, from 1.6 billion kronor (*****.9 million) a year ago to 1.4 billion kronor, and it stood by a forecast for a return to profit in the
          AFP  -  176 words
      • Article
        Lock icon Boeing hires ethics watchdog: report
        144 32 Reuters [NEW YORK] Boeing Co has hired an independent ethics watchdog that will inform the US government of any future ethical breaches at the aircraft maker, the Wall Street Journal reported yesterday. The Boeing move comes on the heels of ethics scandals at the aerospace
        Reuters  -  144 words
      • Article
        Lock icon Qantas, Air NZ likely to forge alliance: minister
        241 32 AP [GUNNEDAH, Australia] Qantas and Air New Zealand are likely to eventually forge an alliance, despite objections from competition watchdogs to their current plan, Australian Transport Minister John Anderson said yesterday. The Australian and New Zealand national carriers launched an appeal on
        AP  -  241 words
      • Article
        Lock icon Alitalia could be partially privatised
        294 32 But that would be the final resort: Italian minister AFP [PARIS] Italian Transport Minister Pietro Lunardi said yesterday that "the partial privatisation of Alitalia is still a possible solution" for the troubled airline. For now, "Alitalia's priority is to improve its productivity level and reduce
        AFP  -  294 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2125 32 cm fllCHT ETA FU6HT fro GA840 1725 GA841 1825 MM IA7361 840 IH9770 2300 ****** 1605 S0M8 1900 LH9771 1840 S0229 2300 S0M7 2230 ****** 1915 ofsi tS40 o«tn> mm 0105 mm otis ***** DMa S0435 0550 6665 1745 Aastwlm CA975 0655 U636 2255 KM 1(25
        2,125 words
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      55 23 For adveriwng/aubecflpttons, call Bernard Ong: *****645, Joe Wong: 6319 2062 HP: 9620 1327 Email: wongwsjOspti.com.sg For odtorial t—twrw: Beth Jinks: 6319 5214, George Joseph: 6319 5772 Donald Urquhart 6319 5197 Fax 6319 8281 Marfcettnf/trafflc: 0 Surendran: 6319 2109, Main Singapore Pr— HoMtaga HnK 6319 6319, Fax: 6319 8197/6319 8188 mat
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      1 23 BACKPAGE
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      885 24 HAUS»WB|gH|H 1 TO USA/CANADA 1 1 EXPORT~] i OTHER DESTINATIONS I I*" m II TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) P&O NEDUOYD KOBE 39E19 04/05 05/05 I 21/05 26/05 28/05 26/05 26/05 29/05 VOY m SIN P«fi I n» I .y. cvn MC LOS ANGELES EXPRESS 05E20 11/05 12/05 I 28/05
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      574 24 /i^ oK Lines services represented by of the Registry of Members of e Accredited Shipping Agents, Singapore Log.st.cs Singapore Shipping Association Association V ULY UNE MALE /vissti vor m n m P. KIANG SPORE MALE Princess Lily 0304 04/05 06/05 14/05 Mold Star 548 10/05 13/05 22/05 Kota Teraju TRJOBI
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      787 25 TT. ~MOL Combines a range or shipping modes lo ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Abe acnpt hrtra-Asia Carjets t* WSAM/KWAMGYANG SHANGHAI YANHAN XIAMEN QMGDAO BHLAWAN JAKARTA SURAIAYA KAOHSUNC BANGKOK LAEM CHAIAMO HOCHIMINH PASW GUDANG KHAHC POST KELAMG For Schedules, BL
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      Lock icon Page 25 Advertisements Column 2
      1565 25 ADDITIONAL NEW WEEKLY *ADX" SERVICE TO EAST MEDITERRANEAN ON EVERY FRIDAY WITH EFFECT FROM MING SKY V.OOOIW ETA SIN: 02/04/2004 COWar'SHIFPINC PTE LTD JSSBSin nL 'S/ 43 fAX: S 7 I SINGAPORE TO ISTANBUL -15 DAYS tuh»226 iw (MAM) SSW" US Sg!tfS I SINGAPORE TO THESSALONIKI -16 DAYS Sga&wi-- TILO7-3S3im
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      Lock icon Page 25 Advertisements Column 3
      543 25 VESSEL VOY_ _SIN_ JKT HKG KHH INC KYH PUS VESSEL VOY SIN JKT SUB HKG DSN Tl^NC HY VLADIVOSTOK MIS 12/5 15/5 19/5 71/5 24/5 26/5 26/5 KMTC JAKAKTA 4Q6S 9/5 12/5 13/5 18/5 22/5 23/5 25/5 HY PKOGtESS 078S IS/5 19/5 22/5 26/5 28/5 31/5 2/6 KMTC KEELUHG 406S
      543 words
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      2366 26 L WAN HAI INTERNATIONAL PTC LTD OH0:14M$*****0/R \klA M Mil I lA|P|* TIL *****548 (14LINES) FAX:*****163 V\ vi i WAN HAI NFS Grtto r i*-(imx»*****200 V ~nl« I klllhlj P*L TIL 103) 334MMFAI: (03) *****MfWTR: (04) *****00 FAIL fO4J27*»» r JOH IB; (07) 2SIW23fAJL (*****1 W?1 Sl* 1R: 1031) 3W5475
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      679 26 BSA x MYANMA pQ FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOT SIN PKI PEN PGU PAGAN 328W SLD HPA-AN 320W SID SLD IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 MKKKk, ACCEPTINB CONVENTIONAL CBO VESSEL VOY HUG SIN PGU PKI KUC DAISY! 31
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      1435 27 VESSEL VOY SIN PKL DXB BAB DMM BIK CHABAHAR [KHORRAMSHAHR] IRAN HORMOZ6AN PCL367 07/05 08/05 16/05 17/05 24/05 26/05 28/05 30/05 IRAN SATTARI PCLBO3I 15/05 16/05 25/05 26/05 02/06 04/06 06/06 08/06 IRANSHAHRYAR PCLBO33 23/05 24/05 02/06 03/06 10/06 12/06 14/06 16/06 IRANKERMAN PCL37O 29/05 30/05 06/06 07/06 14/06 16/06
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      617 27 A t UK CONTINENT SERVICE Loading for ATERMON RTM/ATW/BMNAJK/NAN KEELUNG RTM/ATW/BMNAJK/NAN Loads Singapore, E7W Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBI/ABU/DOH/BRN/DM M/KWT VTC STAR DBI/ABU/DOH/BRN/DM M/KWT J FRIEND HDD/JDH/AQA J SAFE DBI/ABU/DOH/BRN/DMM/KWT •Loads Singapore, E7W. Malaysia. Indonesia USA SERVICE Loading for SPLIT CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL 'Loads E7W Malaysia,
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      812 27 VESSEL VOY JIN PGU Sfiil iIR JKI PAC lANDA 1203N 06/05 07/05 MATAKAM tXP Mi 24ZQi M/ 05 PAC RANDA 1204N 95/05 09/05 ALAHUATA 2 MSi QS/lli 1145 PAC RANOA 1205N 10/05 10/05 PAC 6IWTAN S24Z 10/05 12/ OS PAC lANDA ]206N 11/05 11/05 MAT ARAM EXP 3005 12/05 14/05
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      591 28 0900/051T16/05H ■PfSPHITIGERPEARL 183N 05-06/05 12 13/05 18-19/05 HMSjUtLia TIGER SKY 184N 08-09/05 15 16/05 22 23/05 mTTTW TIGER SEA 185N 11 12/05 19 20/05 25-26/05 ■■■■■TIGERWAVE 186N 16-16/05 22 23/05 29-30/05 I PBBU TIGER PEARL 187N 18-19/05 26-27/05 01 02/06 HMMMIITIGER SPIRIT 086 09 10/05 17-19/05 27-28/05 ■iiiUIiIIDAUAN 647 12-13/05
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      1035 28 FREIGHT LINKS EXPRESS PTE LTOK Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 i I' > E-mail: flesin@singnet.com.sg ATTRACTIVK LCL RATES TO THESE VARIOUS DESTINATIONS VALPARAISO MANZANILLO CALLAO NINGBO Mb SANTIAGO VERACRUZ MONTEVIDEO XIAMEN BUENAVENTURA PANAMA CITY DALIAN PLS CALL FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569/5553 PROJECT HE AW LI
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      1293 28 f\ Sport Agents: lAI Shipwa| Amkv (S) ft* Ltd (d NO; 165M*****0Z) \Wv (j 1 Ronokok Bank Building, Singapore *****4 crnterasia J~in.es utm-num fo« 63m 6433 w*bsTu:ww«.iit*r«>i«iiM>.c ea SUPER EXPRESS SERVICE TO HONQ KONQ JAPAN I ii'itMiviiim 31 MM— VBSB VOT OS! Ml UU TTO TO> HKC W1 S6f VBSR
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      172 28 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI Ivissa I VOYAGt ETASmCAPOM ETA KARACHI Oritrol or substitute O?QHW 25-30/05/04 05/06/04 Gawd Ape SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood #17-07/08 Apex Tower, Singapore *****5 Telephone: 6270 0977 II Facsimile: 6275 2309 VII Telex: RS ***** SEAPAC DIRECT SIN NAMPO,
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  • Page 31 Miscellaneous
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      115 31 Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols showers Fu circle w/o ,ine indicates calm or ''9 ht and variable winds p a j n One half tleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x Hazy -One solid triangle represents 50 knots D
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