The Business Times, 11 May 2004

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Microfilm: NL25566
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES (rnirrfn —1 [internet: http://business-times.asial .com.sg SINGAPORE TUESDAY, MAY 11, 2004 85C
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  • Article, Illustration
    Lock icon NOL set to wipe out massive debts, sustain dividend: CEO
    948 1  -  BT exclusive By George Joseph [SINGAPORE] Neptune Orient Lines is on the way to wiping out its massive debts and is poised to perform strongly, rewarding long-suffering with dividends from now on, says chief executive officer David Lim. Ten months
    FILE PHOTO  -  948 words
  • Article
    Lock icon Temasek rejects UOB extension request
    814 1  -  But with offer price below water, analysts say UOB will simply let offer lapse By Loh Hui Yin, Angela Tan [SINGAPORE] Temasek Holdings has turned down the request from United Overseas Bank for an extension, and is sticking to today's spm deadline for its offer
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  • Article, Illustration
    Lock icon Asian bourses take a hammering
    678 1  -  Worries over US rate hikes, China's fiscal policy, rising oil prices to blame By Daniel Buenas [SINGAPORE] Asian markets across-the-board were sent reeling yesterday by fears of a US interest rate hike, uncertainty over Chinese fiscal policy and worries over rising oil prices. Market indices
    678 words
  • Article
    Lock icon MARKETS
    76 1 «n 1,791.78 (-51.94) ST INDEX FUTURES 1,790.00 (-56.00) SIMSCI 218.62 (-5.96) SIMSCI FUTURES 217.90 (-6.60) Monday Change KLSE COMP 813.44 -21.9:! NIKKEI 225 10,884.70 -554.12 HAN(i SENG 11.485.50 -425.26 SET INDEX 605.62 -31.18 JAKARTA COMP ._707.22 -36.42 MANILA COMP Closwl TAIPEI WPI 5.825.05 -215.21 SEOI'LCOMP 790.68 -48.06 SHENZHEN B
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  • Article
    Lock icon FINANCE
    75 1 FOREX RATES US$ S$ USS (SS per USS) 1.717 Si(l'SS/SS per S) 1.777 3.052 KI'RO(IjS$/S$/K). 1.184 2.034 YEN 1112 65.90 KM :|.H4I0 2.213 HKS 7.800 4.542 BAHT 40.52 23.60 RIPIAH 8.940 5.206 RENMINBI 8.299 4.832 INDIAN RI'PEE 44 99 26.20 AS 1.440 ..0.838 NZS 1.643 0.957 PRIME RATES SINGAPORE
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  • Article
    Lock icon Dow sinks below 10,000 in morning trade
    179 1 AP [NEW YORK] Stocks plunged yesterday morning on persistent interest rate worries, sending the Dow Jones Industrials down nearly 150 points and below 10,000 by mid-day for the first time since December. Wall Street suffered its third straight day of heavy selling, gathering
    AP  -  179 words
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    • Article, Illustration
      Lock icon Sweet market turns sour
      748 2  -  COMMENTARY Expect traders to focus on downward support levels rather than upward resistances, says R Sivanithy R Sivanithy APART from an almost palpable sense of fear, there also appears to be widespread bewilderment at the way stock markets are currently behaving. After all, the US economy
      AFP  -  748 words
    • Article
      Lock icon Central bankers upbeat despite rate fears
      528 2 Hikes in oil, commodity prices won't affect steady growth, they say Reuters Bloomberg [GENEVA] Even as prospects of rising US interest rates battered stock markets around the globe yesterday, top central bankers said they are confident the global economic recovery is broadening. They assured
      Reuters; Bloomberg  -  528 words
    • Article, Illustration
      Lock icon S'pore bank, property stocks bear brunt of sell-down
      563 2  -  Analysts say institutions and other big investors could be pulling out By Joyce Koh LOCAL stocks that bore the brunt of yesterday's regional sell-down were blue chips sensitive to fears of interest rate hikes and oil price increases. Led by declines in
      Source: Bloomberg  -  563 words
    • Article
      Lock icon Clarification
      43 2 IN "Raffles hotel in Cambodia settles row" (BT, May 8), the background information in the report may have given the impression that the Raffles Grand Hotel d'Angkor is closed to guests. Raffles Holdings has clarified that the d'Angkor is open for business.
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      59 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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      83 2 &HLBank a member of the Hong Leong Group Malaysia QgaJiitUfOidio-f^ f4.BBS?> yforKLSEshare financingJ with our share financing facility, you can now turn your KLSE shares into financial power. Ride on our combination of high leverage low rates! HL Bank also provide share margin financing facility for SGX and HKSE shares
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  • SINGAPORE companies
    • Article
      Lock icon Jurong Tech outshines peers as profit doubles
      519 3  -  PCI earnings rise but Seksun, Norelco turn in lower quarterly results By\ Serena Ng SINGAPORE'S listed electronics second-liners yesterday turned in a mixed bag of results for the three months ended March 31, with Jurong Technologies Industrial Corp clearly the star performer of
      519 words
    • Article, Illustration
      Lock icon Banking consolidation on the cards?
      1021 3  -  HOCK lock siew wong wei kong IF Temasek Holdings' offer for United Overseas Land eventually leads to further banking consolidation, it will be in line with what Singapore policy makers have been pushing for some time bigger, and therefore stronger, local banks. However one reads
      1,021 words
    • Article, Illustration
      Lock icon SembCorp Q1 profit gets boost from utilities
      382 6  -  Net profit rises 12% thanks to utilities subsidiaries acquired last year By Teh Hooi Ling SEMBCORP Industries yesterday said its first quarter net earnings rose 12 per cent, helped by a better showing in utilities, environmental engineering and logistics. Profit for the three
      FILE PHOTO  -  382 words
    • Article
      Lock icon FibreChem Q1 earnings rise 9% to HK$24.6m
      299 6  -  By Joyce Koh AFTER a difficult road to an initial public offering here, FibreChem Technologies had a happier story to tell yesterday when it announced its financial results. The China-based chemical fibre maker said its first quarter earnings for 2004 rose 9.1 per
      299 words
    • COMPANY Briefs
      • Article
        Lock icon Dayen doubles profit in H1
        51 6 DA YEN Environmental Limited, a Sesdaq-listed environmental engineering specialist, said net profit surged 103 per cent to $1.06 million for its first half year ended March 31 from $524,000 in the previous corresponding first half. Revenue increased 45 per cent to $28.13 million from $19.34
        51 words
      • Article
        Lock icon Labroy unit eyes listing
        31 6 LABROY Marine's subsidiary Beng Kuang Marine Pte Ltd has applied for a listing on Sesdaq. The application is also subject to compliance with regulatory requirements, Labroy said.
        31 words
      • Article
        Lock icon Heshe director resigns
        15 6 HESHE Holdings said Susan Tay Mui Lan has resigned as a director.
        15 words
      • Article
        Lock icon Orchard Parade reports Q1 loss
        58 6 ORCHARD Parade Holdings' net loss has widened to $2.8 million for the first quarter ended March 31, from $2.2 million in the previous corresponding period. This was due to a lower after-tax contribution from its associate Yeo Hiap Seng Ltd. Revenue for Ql was $8.3
        58 words
      • Article
        Lock icon John Chen resigns from Intraco
        33 6 JOHN Chen has resigned as a director of Intraco Ltd. From yesterday, Dr Chen will also relinquish his position as a member of the audit and remuneration committees.
        33 words
      • Article
        Lock icon KepLand to launch China condo
        37 6 KEPPEL Land Ltd has announced the launch of its new condominium project, The Seasons, in Beijing. The first phase will see 200 units of the 1,859-unit project released for sale next month.
        37 words
      • Article
        Lock icon Bonvests has Q1 profit of $2.3m
        58 6 BONVESTS Holdings yesterday reported a more than three-fold improvement in its Ql profit to $2.3 million, from $624,000 in the previous Ql. Turnover for the three months ended March 31 increased 18.6 per cent to $57.4 million. The better performance was mainly due to
        58 words
      • Article
        Lock icon Ssangyong Cement narrows loss
        41 6 SSANGYONG Cement has narrowed its Ql loss to $2.9 million, from $5.3 million in the year-ago period. Turnover fell 13 per cent to $8.8 million, mainly due to lower sales by the group's subsidiary Singapore Ready Mix.
        41 words
    • Article
      Lock icon SIA earnings could hit $700m, say analysts
      549 10  -  But cost and competition remain major concerns as jet fuel tops 3-year high By Ven Sreenivasan SINGAPORE Airlines could chalk up full-year earnings of $700 million for the year ended March 31, 2004. Analysts are forecasting that the company will announce profit between
      549 words
    • Article, Illustration
      Lock icon Panpac buys print publisher for HK$33m
      530 10  -  By Joyce Koh A KfeiSH acquisition to position Panpac Media Group as a China play has also created a new major shareholder for the publishing firm. Panpac said yesterday that it will buy The Observer Star Group Holdings, a print publishing firm owned by
      FILE PHOTO  -  530 words
    • Article
      Lock icon Straco turns around in Q1, sees stronger earnings this year
      223 10  -  By Teh Shi Ning MAINBOARD-LISTED Straco Corporation the owner and operator of Shanghai Ocean Aquarium in China looks poised for stronger earnings this year. A turnaround in the first quarter ended March 31 helped the Chinese tourist attraction developer and
      223 words
    • Article
      Lock icon New unit boosts CSE Global's Q1 profit
      202 10  -  By Taila Krishnakumar HbLfhU by contributions from its Singapore-based subsidiary, Transtel Engineering Pte Ltd, which it acquired in July last year, mainboard-listed CSE Global's net profit for the first quarter soared 49 per cent year-on-year to $4.4 million. Revenue jumped 44 per cent
      202 words
    • Article
      Lock icon Citiraya Q1 profit surges
      231 10  -  By Taila Krishnakumar ELECTRONICS waste recycler, Citiraya Industries, reported a 13-fold surge in profits to $3.2 million for the first quarter ended March 2004, on the back of an increase in metal prices and a one-off sale of technology to a recycling plant. A year ago,
      231 words
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      314 3 VISIT TWO PROMINENT INDUSTRIAL TRADE EVENTS 6-9 JULY 2004 I 10 AM-6PM I SINGAPORE EXPO ASIA'S LARGEST INTERNATIONAL EXHIBITION SOUTH EAST ASIA'S LARGEST INTERNATIONAL ON ROTATING EQUIPMENT; FLUID, GAS AIR EXHIBITION ON HEATING, VENTILATION. HANDLING SYSTEMS INCORPORATING FLUID AIR-CONDITIONING, AIR FILTRATION POWER; POWER TRANSMISSION AND CONTROL PURIFICATION, REFRIGERATION, BUILDING SYSTEMS
      314 words
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      155 3 I Red, black, f green, blue, grey j Oi yellow Thf u, r-nj, yours with the For -in r< <!"■ >'<■' cJn».fosio»; of IJ' oV-sioo ft f -,i').iipd fratne p'T.O'<l (•oteM-iinfn^nt, fot ••< y I:.' '»d -t'.'l ••.TrtM-.r- Just (fianqr* you '>1' 'Oil.'OC UfoVi'.ion J v/vith th<- aqam ,md .jfj.jjr:
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      47 4 From today, we're giving a select few high fliers the premier travel card. jhH W PT IBf v J9p ■f ly liiiiiiiiiiii JMr I^BBMBBBHI ■C^^PnMjL*! < V The card with the most benefits and worldwide recognition on an airline you have always felt comfortable with. A memberof citigroupT
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      28 5 aa c Introducing the new Citibank Cathay Pacific Platinum VISA Card. Terms conditions apply. Minimum income of $100,000 p.a. applies. Z) I c Cathay Pacific a,., Cltlb3nk i
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    4101 6 UNIT TRUSTS FUNDS Com S pore Bond funds'- 1.0991 Cradh Agricote Asset Mgt S'pore Ltd AMI Amro Asset Mgt (S'pore) indocam&iaViswnl" 1.062/1.116 Star Europe Eqty!** ...0 736/ Dts Asset Mgt Star Europe Bond 1.22V Shenton Twin City 1.29/1.345 Star Europe Bel 1.034/ Japan Growth! 0.9X1.94 Stat Asian Tjjg 0.86/ Mendaki
    4,101 words
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      32 6 PIMCO Emerging Markets Bond Fund rated 5-star by Mercer Investment Consulting Allianz Dresdner J J Asset Management I CLOSED ON SATURDAY? "48 Gill *****838 to divert delivery of The Business Times weekend
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      758 7 Singapore's First Commercial Real Estate Investment Trust Cap/taCommercial Trust CCT starts trading* on the Singapore Exchange TODAY! ji tj' ilj J 0 Shareholders of Capita Land will receive 1 CCT Unit for every 5 Capita Land shares No payment is required. *fi 38?-» i 'i®r i A temporary counter will
      758 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon BROKERS' TAKE
      638 8  -  Compiled by VEN SREENIVASAN CH Offshore May 10 closing: 36 cents CH Offshore has reported a net profit of $16.6 million up 76 per cent for the first nine months of FYO4. Excluding a gain of $6.6 million from the sale of three vessels, operating net profit came
      Source: Bloomberg  -  638 words
    • Article, Illustration
      Lock icon Noble Group reasonably valued at current price
      276 8  -  HOT STOCK WARRANT By Ven Sreenivasan NOBLE Group has just reported a whopping 10-fold rise in first quarter earnings, thanks largely to China's strong appetite for raw materials. The group's net profit for the quarter ended March 31 came to US$Bl million, compared
      Source: Bloomberg  -  276 words
    • Article, Illustration
      Lock icon US$ explodes on soaring US jobs
      630 8  -  BT comment CURRENCIES Greenback up 3% in some cases; stocks and bonds dive larry wee THE US dollar soared to fresh 2004 highs against a slew of currencies in Asian trading yesterday, after a second impressive surge in US jobs for April. The greenback's
      Source: Reuters  -  630 words
    • Article, Illustration
      Lock icon Is there no value in stocks anymore?
      542 8  -  BT comment STOCKS r. sivanithy STOCKMARKET value is an ephemeral thing. It lasts only as long as the prevailing mood allows it, or as long as it suits the purposes of big players who can influence the indices. When conditions are conducive and
      Source: Bloomberg  -  542 words
    • TRADES TO WATCH
      • Article
        Lock icon Fund manager raises Haw Par stake
        69 8 US investment manager Arnhold and S Bleichroeder Advisers has raised its stake in Haw Par Corporation to 8 per cent from 7.05 per cent, following open market purchases of 1.94 million shares on May 4. Arnhold and S Bleichroeder is Haw Par's fourth-largest shareholder
        69 words
      • Article, Illustration
        Lock icon DMX management raises holding
        198 8 SYSTEMS integrator DMX Technologies said its management team has raised their collective stake in the Sesdaq-listed group. DMX chairman Emmy Wu, CEO Giang Phung (right) and CFO Jismyl Teo, on May 7 jointly exercised an option to buy 22.75 million shares, or a 7.53 per cent
        198 words
      • Article
        Lock icon AEM-Evertech bosses up stakes
        100 8 TWO executive directors of AEM-Evertech Holdings on May 7 added to their stakes in the precision engineering group, which also provides materials and services to the semiconductor industry. The group's president and CEO Ang Seng Thor bought 134,000 shares from the open market, while executive chairman
        100 words
      • Article
        Lock icon Deutsche Bank cuts Thai fund stake
        63 8  -  Compiled by SERENA NG DEUTSCHE Bank (London) has ceased to be a substantial shareholder of Thai Prime Fund, after disposing of 842,588 units of the closed end fund for investment purposes on May 4. This reduced its direct stake to 1.19 per cent from
        63 words
    • Article, Illustration
      Lock icon Untitled
      425 8 OTHER SINGAPORE INDICES May 10 VALUI CLOSE BT OB/OS -825.00 -84.00 BTCAOI -*****.00 -309.00 BT 10-day MA 83.00 All-SG Equities 483.78 -11.14 SG Equities Elect J£2.85 -3.49 SG Equities Fin 1473.20 j44.94 SG Equities Prop 419.13 "12-83 SiMSCI 218.62 -5.96 SiMSCI Futures 217.90 -6.60 S«ock» VOIuwm Jishan 2.5 61,489,00C SingTel
      425 words
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  • SMALL caps
    • Article, Illustration
      Lock icon Changing tack may be just what the doctor ordered
      698 9  -  After a rather unsuccessful upstream foray into telecoms R&D, Giant Wireless has found a promising new source of income downstream. KENNETH LIM has the details KENNETH LIM PREDICTING the future can be tricky business. Just ask Hong Kong-based original design manufacturer
      698 words
    • Article
      Lock icon Small-cap portfolio lags the market
      391 9  -  By Teh Hooi Ling HOW one wished one is out of the market at a time like this. In just two-and-a-half months, the UOB Sesdaq Index has plunged by 17 per cent. The small capitalisation stocks have given up all their gains, and more, since
      391 words
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      44 words
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      158 10 Connect with over Jk A A A A Enterprise Hi lIIf II I Exchange: II II II II I Technology llllllfll innovation I J showcase potential business partners LIMITLESS Forge ties with VCs, nc AI business angels, innovators lIIMLo over 1,000 Chinese to be sealed 500 Indian entrepreneurs i jflmnfffig
      158 words
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      138 11 Around the world, there's a new name for trust. Programme has set the global standard for Now, we're bringing that good name and the reputation of our 70,000 members in 115 countries including 57,000 CFA® charterholders into the name of our global organisation. Our members have voted overwhelmingly to change
      138 words
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  • Article, Illustration
    Lock icon FINANCE
    1111 12 7Yansaction elate: Mau 10 INTERBANK CROSS RATES AS C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZS Pah Rs Peso S$ Band Sfr HTS Baht Pound US$ Australia 0.967 5.764 0.587 5.418 31.250 62.097 0.786 8.218 2.639 1.141 40.016 38.686 1.193 4.943 0.904 23.387 28.145 0.391 0.695
    1,111 words
  • Article
    Lock icon COMMODITIES
    1601 12 SICOM FUTURES ""'liay l RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 04 228.75 Jul 04 228.25 Aug 04 228.75 Sep 04 227.75 Oct/Oec 04 227.75 Jan/Mar 05 230.75 RSS 3 (US cents/kg) Volume Open Month Hlqh Low Sett (tonnes) Interest
    1,601 words
  • SINGAPORE news
    • Article, Illustration
      Lock icon S'pore seen shipping more PCs in '04
      593 12  -  Strong sales to govt sector send Q1 shipments up 12% in unit terms: Gartner By Raju Chellam FOR the first time since 2000, Singa pore is set to see growth in persona] computer (PC) shipments this year, as more companies upgrade their hard
      Source: Gartner Asia-Pacific  -  593 words
    • Article
      Lock icon Govt drafts Bill to ban human cloning
      240 12 THE Ministry of Health (MOH) will introduce a Bill to prohibit human reproductive cloning. The Human Cloning and Other Prohibited Practices Bill will prohibit the placing of any human embryo clone in the bodies of both humans and animals. It will also prohibit
      240 words
    • Article
      Lock icon Distillate prices fall as crude dives on Saudi move
      287 13 SINGAPORE middle distillate prices feU yesterday as crude tumbled over US$l a barrel in less than an hour, and gas oil's June crack spread over Dubai narrowed as June gas oil swaps receded sharply. Gas oti's June crack narrowed to US$B.27
      287 words
    • NEWS Roundup
      • Article
        Lock icon Aetos acquires CIAS security unit
        66 13 AETOS Security Management, a subsidiary of Temasek Holdings, said yesterday it acquired the security unit of Changi International Airport Services (CIAS) with effect from May 5. With the transfer of all existing staff from CIAS Auxiliary Police Force to Aetos, the company's staff strength is
        66 words
      • Article
        Lock icon George Yeo welcomes EU concessions
        93 13 MINISTER for Trade and Industry George Yeo yesterday issued a statement on EC Trade Commissioner Pascal Lamy's announcement that the EU will drop three of the four "Singapore Issues" and go beyond its present position on the elimination of agricultural export subsidies. Mr Yeo said
        93 words
      • Article
        Lock icon MTI extends feedback period for Bill
        82 13 THE Ministry for Trade and Industry has lengthened the first public consultation period for the draft Competition Bill released on April 12. The feedback submission deadline is now extended to noon May 29, instead of May 15. The consultation paper and the draft Bill
        82 words
    • Article, Illustration
      Lock icon Passenger volume at Changi doubles in April
      341 13  -  EYE on the economy transport By Ven Sreenivasan complete recovery from last year when the Severe Acute Respiratory Syndrome pandemic, together with fears of global terrorism, triggered an Asia-wide slump in air traffic. The Changi hub was one of the hardest-hit as Singapore
      FILE PHOTO  -  341 words
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      133 13 jj^ I cooking classes? f Reach out to more readers by advertising in The Straits Times Classified. Call our C.A.T.S. hotline at 1800-289-9988 and our friendly sales personnel will serve you. I Immjm i m-jj Our qualified professionals|ML/ a can assist you with offshora structures, shalf companlas jmjjjmUr and incorporations
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      260 13 Good Times Fly Save up to Wh on ANA Economy Class when you fly JUU Asia Triaagle Rome Inclusive of One Asia Stopover I Beijing fr. 553.770 fr. 552,160 Shanghai fr. 553,770 fr.552.160 l 1M i Llfta*u.^ m 'fi Bangkok 9 fr. 553!120 fr. SSlillo MnJtf W Ho Chi Minh
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  • FOCUS property
    • Article, Illustration
      Lock icon Warming to warehouse retailing
      663 14  -  EDB's preliminary deadline closes with over 10 applicants, reports KALPANA RASHIWALA KALPANA RASHIWALA MORE than 10 applicants had submitted indications of interest for the new warehouse retail scheme when a preliminary deadline to do so closed on Friday. And more could join their ranks. The Economic
      FILE PHOTO  -  663 words
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      Lock icon Page 14 Advertisements Column 1
      359 14 IltitJ Debenham Tie Leung m m I 111 I HiiiiOmyn It ||!iP g FOR SALE l No. 3 Leng Kee Road "T I I Semi-detached Part 1 J I part 2-storey car showroom/ workshop cum office 1 P 1 Land area: 1,506.6 sq m 99 years leasehold Sale on "as
      359 words
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      347 14 PRIME OFFICE SPACE FOR LEASE CALTEX HOUSE HDB HUB BIZ THREE Fitted unit with more than 20 Fitted office, 2,293 sqft workstations Good condition J: 700 16 770 h HITACHI TOWER Singapore River v,ew Seav,ew/I,ft lobby frontage CINTECH 111 2.123 12,938 sq ft Fitted office for lease Fltted un,ts avail
      347 words
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      311 14 FACTORY IN LOYANG VICINITY FOR SALE A 2-storey detached factory building Tenure 30 years wef 16 June 1989 Land Area Approx. 66,800 sa ft GFA Approx. 31.100 sq ft Zoning Light Industry Sole Marketing Agent Bernard Goh: 6326 1232 9780 9252 6 Battery Road *32-01 Singapore *****9 CB RICHARD ELLIS
      311 words
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      41 14 n THE NEPTUNE CO 1 I V E Q.U A Y DianXyrfrom the^M^^^ace, d Reservations: 6224 3203 I (1$) I6B<<3<<NK I CoHyw Quay Managed by Meritus Mandarin Singapore 7th Floor, Overseas Union House, Collyer Quay Singapore *****1 Tel: 4-65 6224 3922
      41 words
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  • REGIONAL news
    • Article
      Lock icon Early count points to close call for Arroyo
      550 15 MANILA It will take days for a clear winner to emerge because of manual tallying Bloomberg PHILIPPINE President Gloria Arroyo and actor Fernando Poe Jr were running a close race according to early unofficial returns as counting began in a vote to
      Bloomberg  -  550 words
    • Article
      Lock icon No going back on balanced Budget target: KL
      253 15 KUALA LUMPUR Reuters MALAYSIA was not backtracking on a previously stated plan to balance its Budget when it decided to raise government spending in 2005, Deputy Finance Minister Ng Yen Yen said yesterday. Prime Minister Abdullah Ahmad Badawi last Thursday surprised the
      Reuters  -  253 words
    • Article
      Lock icon Prudential's Indonesian directors face jail threat
      377 15 JAKARTA Company refuses to meet receiver, wants him replaced Reuters AN Indonesian court has been asked to jail the directors of PT Prudential Life Assurance, a local unit of Britain's second-biggest insurer, over a bankruptcy case that has alarmed foreign investors. The Commercial Court
      Reuters  -  377 words
    • NOTE Book
      • Article
        Lock icon Wiranto picks running mate
        100 15 AFP Bloomberg [JAKARTA] Former Indonesian military chief Wiranto will team up with an Islamic leader to contest the presidential election for the Golkar party, the party announced yesterday. Solahuddin Wahid, a deputy chairman of Indonesia's largest Islamic social organisation the Nahdlatul Ulama (NU), will be Gen
        AFP; Bloomberg  -  100 words
      • Article
        Lock icon Thaksin confirms Liverpool interest
        104 15 AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra yesterday confirmed he was seeking to buy at least 30 per cent of Premier League side Liverpool as representatives from the English team held talks with Thai officials here. "They (club representatives) will meet me at 430pm about the
        AFP  -  104 words
      • Article
        Lock icon No Sars case, says Malaysia
        96 15 Bernama [KUALA BERANG] Malaysian Health Minister Chua Soi Lek has denied a news report that there is a suspected case of severe acute respiratory syndrome or Sars in a local hospital. Malaysia was still free from Sars, he said. "If there is (any case), we
        Bernama  -  96 words
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      184 15 Clean rooms j of all classes for the semiconductor Industry. 456 Alexandra Road *15-00 NOL Building Singapore *****2 ■H.s-M.t.s W Tel: 6222 0665 Fax: 6224 8358 V^/ W Email: hpcsgiGhitachiplant.com.sg Mr M J Website at http://www.hltactiiplant.hbi.ne.lp OHitachi Plant Engineering 8 Construction Co .Ltd. ■ffnnppfll Call toll-free 1800 289 8822 IN
      184 words
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      894 15 First Quarter 2004 H O K I Results Announcement i I 1 'JJgjJ group "Today's Answer To Tomorrow's Growth" (Incorporated in Bermuda with limited liability) To our shareholders, The Board of Directors of Noble Group Limited is pleased to present below the unaudited consolidated financial results for the first quarter
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Misplaced panic over oil supplies
      776 16  -  THE bottom line OPINION g panicker CRUDE oil futures broke through US$40 a barrel briefly in New York last week. The last time prices catapulted to such a level was just after Saddam Hussein invaded Kuwait in 1990. A combination of factors has long been
      776 words
    • Article
      Lock icon IN OTHER WORDS
      69 16 'If the government uses violence, what it will get in return is violence. It's just like a boomerang.' Ynkob Raimani, head imam of the central mosque in Pattani, on the clashes in southern Thailand. 'Parents can't defeat children. Children always defeat their parents.' Mahmoud Salehi, a 25-year-old
      69 words
    • Article
      Lock icon Slashing air fares
      688 16 EDITORIAL SHOULD full service airlines be slashing fares and battling short-haul low-cost carriers when they are already facing thin margins, rising costs and intense competition? That was the question Valuair chairman Lim Chin Beng rhetorically asked last week as Singapore Airlines, Cathay Pacific, Garuda and other incumbents
      688 words
    • Article, Illustration
      Lock icon IT may not matter but how you use IT does
      1094 16  -  A new book lays out the economics of infotech and says that standardisation of technology now offers more opportunities for innovation By Hal Varian NYT iiN May 2UU3, tne tiarvara Business Keview published an article by one of its former
      NYT; AFP  -  1,094 words
    • Article
      Lock icon Japan faces choices on monetary policy
      792 16  -  COMMENTARY BOJ will have to decide between quantitative easing and targeting rates By David DeRosa Bloomberg THE next major move by the Bank of Japan could very well be one for the monetary policy textbooks. Now that its economy is showing signs of recovery,
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  • REGIONAL news
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      Lock icon China set to impose price controls
      649 17 Move is to curb inflation, prevent economy from overheating Bloomberg ing from a 9.9 per cent rate in the fourth quarter of last year. The government has set a growth target of 7 per cent for this year. The restrictions on local governments apply
      Bloomberg; AP  -  649 words
    • Article
      Lock icon Fears of rate rise rattle China markets
      370 17 BEIJING Reuters GROWING worries that China could soon raise interest rates rattled investors yesterday following the week-long Labour Day holiday, with speculation focused on the timing of a credit tightening. Beijing has taken a raft of measures since last year to try to
      Reuters  -  370 words
    • Article, Illustration
      Lock icon EU sets deadline for China to end coke restrictions
      510 18 BRUSSELS China may face legal challenge in WTO over its cap on coke exports THE European Union has given China five days to agree to abolish controversial export restrictions on coke a commodity used in steelmaking or face the EU's first
      AFP  -  510 words
    • Article
      Lock icon ADB meet to focus on currency issues, financial aid
      631 18  -  From Anthony Rowley in loKuo THE Asian Development Bank will hold its annual meeting on the South Korean island of Jeju this week amid tight security and against the background of fresh turmoil in currency and financial markets sparked by fears
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    • Article
      Lock icon HSBC's Indian bank deal in jeopardy
      451 18 MUMBAI Regulator drafting plan to pare stakes in local banks by foreign lenders HSBC's acquisition of a stake in an Indian bank is in danger of being derailed less than a month from the transaction deadline, the Financial Times reported yesterday. This stems from
      451 words
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      162 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BUILD-MATS (PTE) LTD. (IN MEMBERS'VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN in pursuant to Section 308 of the Companies Act Cap. 50, the Final Meeting of the Members of the abovenamed company will be held at 46
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      181 17 i i IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF BUILDFORCE CONTRACTING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the Members of
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      588 17 rqjjc i "V" > -v* *s. i%g§. »W> v -W^' *':V"- WW jj m %c f** c Ji 4 1. CitiSelect Asia Tilt Growth Fund won "Asset Allocation Global Dynamic Fund" for over 3 years and 5 years performance to 31 December 2003, awarded by Standard Poor's Investment Funds Awards
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      79 17 I Dear Business Partners and Shareholders NOTICE i CHANGE OF COMPANY NAME 1 With effect from 10 May 2004, we have changed our name from "Singatronics Limited" to "First Link Investments I Corporation Limited". ft Our company will commence trading on the 1 SGX-ST under "First Link" on 12 May
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  • Page 18 Advertisements
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      155 18 Q MOTOROLA Presents DO THE BIG WALK, BUILD TEAM SPIRIT. |gj Causeway #hdb Hub (Man WJM w fefll P^ l fl A m' IMM (Information Counter) j I |jtU <dff( ,J •BsWr MJ Suntec Shopping Mall (LeveM, Galleria) I Tampmes Mall (Levei 2. Atrium) Mondays to Fridays: il w to
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  • WORLD news
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      Lock icon Oil price slumps as Saudis call for output hike
      445 19 LONDON Opec asked to raise production by at least 1.5m bpd at June 3 meeting Reuters WORLD oil prices yesterday tumbled from 13-year peaks of US$4O after leading exporter Saudi Arabia said Opec should raise supply to stop high prices hurting
      Reuters  -  445 words
    • WORLD Watch
      • Article
        Lock icon Mere 0.3% growth seen for Germany
        84 19 Reuters [BERLIN] Germany's DIW economic research institute yesterday added to growing pessimism about German growth, saying Europe's largest economy would grow by just 0.3 per cent in the April to June period from the previous quarter. In its monthly "barometer" on the economy, the
        Reuters  -  84 words
      • Article
        Lock icon Softbank loss widens to 107b yen
        99 19 AP [TOKYO] Softbank Corp yesterday said its losses grew for the fiscal year ended March 31 from a year earlier as costs to expand broadband services sank the Japanese Internet investor further into the red. The company reported its third straight year of losses,
        AP  -  99 words
      • Article
        Lock icon LG.Philips LCD IPO to raise 2.3t won
        88 19 Bloomberg [SEOUL] LG.Philips LCD Co, the world's largest maker of liquid crystal displays last year, plans to raise 2.3 trillion won (553.3 billion) in an initial public offering, Yonhap News reported, citing the Financial Supervisory Commission. LG.Philips LCD plans to sell 1.8 trillion
        Bloomberg  -  88 words
    • Article
      Lock icon Citigroup to pay US$2.65b to settle WorldCom suit
      353 19 NEW YORK Reuters CITIGROUP will pay U552.65 billion to settle a class-action suit brought by holders of World Com stocks and bonds who claimed it had participated in the massive fraud with the phone company, now known as MCI. The settlement announced
      Reuters  -  353 words
    • Article, Illustration
      Lock icon EU says it's ready to move on ending farm subsidy
      446 19  -  From Ravi Kanth in Geneva THE European Union yesterday proposed to members of the World Trade Organization that Brussels is "ready to move" on an enddate for eliminating export subsidies worth billions of euros that its farmers receive annually. In
      446 words
    • Article
      Lock icon ÜBS agrees on US$100m fine: Fed
      218 19 WASHINGTON Reuters ÜBS, Switzerland's largest bank, agreed to pay a US$lOO million fine to settle allegations it illegally transferred funds to parties in countries subject to US economic sanctions, the Federal Reserve said yesterday. In announcing the settlement, the Fed said the allegations stemmed
      Reuters  -  218 words
    • Article
      Lock icon SEC pressed to ease proposals
      714 21 WASHINGTON Bush officials, business seek to dilute proposed rule changes on board elections, mutual funds NYT THE Securities and Exchange Commission has come under intense pressure from business and some members of the Bush administration to water down proposed rule changes in the way corporate
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      Lock icon Marks & Spencer chairman to step down
      505 22 Marks Spencer chairman to step down LONDON Vandevelde, faulted for having too many jobs, to spend more time at Carrefour Bloomberg MARKS Spencer Group's chairman Luc Vandevelde plans to step down to devote more time to representing France's Halley family on the board of Carrefour SA. His decision to leave
      Bloomberg; AP  -  505 words
    • Article
      Lock icon Calpers comes under fire over its vote campaign
      433 22 SAN FRANCISCO Critics warn that it risks being seen as out of touch Reuters THE biggest US pension fund, Calpers, has embarked on an ambitious campaign aimed at ousting board members at some of the biggest companies in American business. But some
      Reuters  -  433 words
    • Article
      Lock icon US bank SunTrust to take over National Commerce
      274 22 NEW YORK NYT IN a further consolidation of the US banking industry, Sun Trust Banks on Sunday agreed to buy the National Commerce Financial Corp in a cash and stock deal worth US$6.9B billion. The purchase, if approved by regulators, would make
      NYT  -  274 words
    • Article
      Lock icon Japanese opposition leader resigns over pension scandal
      243 22 TOKYO A DAMAGING scandal in Japan widened yesterday when the country's top opposition leader announced he would resign after admitting he missed payments into the troubled national pension system. Naoto Kan, the head of the Democratic Party, had resisted quitting but pressure built
      243 words
  • Page 19 Advertisements
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      918 19 HVBGroup^/ Head Office: Kardinal-Fauihaber-Sfrasse 1, ***** Munich, Germany. Telephone (0 89) 3 78 0 Singapore Branch: 30 Cecil Street #25-01 Prudential Tower, Singapore *****2 Tel: 6413 3688 Balance Sheet at December 31, 2003 Income Statement and Appropriation of 2003 2002 Net lncome for the y ear ended December 31, 2003
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      68 19 Nominations for the 2004 eso.startup awards are now open Recognising Singapore's New Enterprises To be eligible, a company BP Id] be a privately-held enterprise tal be under 5 years old (from date of incorporation) 20 0 4 have a strong nexus to Singapore have at least 1 year of audited
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  • Article
    Lock icon STOCKS ASIA
    4227 20 Transaction date: May 10 HONGKONG vi HK Exchanges Clearing..15.75 -0.8S 5927 HKS '000 HKRIntl .2.25 -0.15 4142 Hong Kong Electric .32.10 -0.80 4138 Aeon Credit..- 5.00 unch 40 Hongkong Chinese 0.95 -0.05 1564 Aeon Stores 5.25 -0.25 10 Hongkong Chinese Ltd 0.95 -0.05 1564 Alpha General .0.35 -0.02
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  • Article
    Lock icon KLSE
    2138 20 i Transaction date: May 10 KUALA LUMPUR SSEt** tH» "J"* ual Ganling 15.30 -0.70 2722 M W- rOMI George Kant .0 84 442 164 GtobetronksTech 0.66 unch 0 AtMHaaHv 158 -0 07 6 Gtom»cBhd 346 -0.03 99 Abhc!ZZZ 0.64 -0:02 67 GoidtridgtEngra 0.45 -044 284 ACP Industrie 2 f?
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    Lock icon SGX
    656 20 Transaction date: May JO SSQSft Qffr| 5_9BL_95F AfarMnSOC 0J1 OJM 4490 NOt 1.52 1-SW -fttOO itt. Intt US20C 037 #.715 -0.015 03C 411 ***** -0.«Q0 CnHnwl uo uio -oxoo ojs 4Jao -oaw Chart SamKcnd 2tc 140 1410 -a090 P«optt» Focd HKSOc 044 1JW -0.0J0 1.77 5450 0.400 SoTit 120
    656 words
  • Article
    Lock icon BONDS & WARRANTS
    718 20 BONDS WARRANTS T«l Last Vol Cm Eur fiwr E JKS Ce4a Crnmm Uh *mi- pw» »ifc Mm kg left 3779 ASL Manne Hldgs W*****1 15 -0.5 71 1 53 37 3.30 47 3698 AST1W*****1 37 -3 31 1 16 2 1.41 1 3897 Acma LtdW*****6 .05 1 50 677 13.00
    718 words
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  • Article
    Lock icon SGX MAINBOARD
    6749 21 Transaction date: May 10 S2-WV Tel Last Vol Day Last Quote GrOiv Dtv GrYld Net MCap High Low Code Company Sate COOP) Wgh Low fciyr Sato Cvr P/t HIS 57.9 32.9 5834 A Sonic 37.5 -2 268 39 37 36.5 37.5 5 N9.7 0.7 13.3 127 8 5300
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    Lock icon SGX XTRANET
    72 21 52-Wk Id Last Vol Day Last Quote GrWv Otv GrVM Nat MCjo Hjgfc lam Coda Cowpawy Sate rOBO) Wgh low »wyt S«W c*r Hi <3 2060 2000 6065 Diamonds US2O60 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore USS5S 6101 ISS&P500 U***** ***** 9650
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    Lock icon SGX SESDAQ
    1987 21 I*L *?< Day Last Quota GrOtv Mv GrYW Net MCap Wgfc Low Coda Company Sate *1- COOP) High Lorn tuyr Sthi Cvr S P<1 $31 26 10 5000 ABRHldgsSc 13 -1 7 13 13 14 IS JSI 42 15 2101 APOiISc 28 -0.5 57 28 28 28 30
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    Lock icon CLOB INTERNATIONAL
    345 21 U-IWk T«t Last Vol Day Last Quota GrOtv Dtv GrVId Not MCap Wgli Low Coda Company Ut» foio) Iggfc Law »ur«r Satar Cvr P/t S«wS 228 118 6000 AVJemings A2Sc A206 3 51 206 205 205 207 40 8.8 4.9 7.8 4434 6001 Cathay Pac 20c HK720 265
    345 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      222 21 CRYPTIC CROSSWORD left on airline (2.2) 26 Prisoner going down before 7 Disclosing a dark secret? 25 Violet takes nearly new second half of July in a pa- (8.2,5) plant (4) tronising manner (15) 8 YESTERDAY'S SOLUTION 97 rjpf ctuffprji (7\ formation on refrigerant (7) 28 Warned later about 13
      222 words
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  • Page 22 Advertisements
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      279 22 ANNOUNCING TWO MAJOR EVENTS IN 2005 Your Key to the Asian Defence mm and Security Market IMDEX globhl#s Z/— HOMELAND SECURITY B ju' International Maritime Defence Exhibition Conference B Exhibition and Conference Singapore expo K v 17-20 May 2005 Singapore Expo 29-31 March soos www.imdexasia.comuLJki.qiobßisecßBiß.cavn m (SfHS^x* %tv IMDEX ASIA
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  • SHIPPING TIMES
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      Lock icon TANKER MARKET
      321 23 Bloomberg [LONDON] Chinese buyers cut their price offers for ships to be demolished to a five-month low as demand for scrap steel ii the country declined. Prices in China fell tc less than US$3OO a metrii ton, the lqwest since mid-December, shipbrokers including Simpson, Spence Young said. Bangladesh
      Bloomberg  -  321 words
    • Article
      Lock icon TRANSPORT STOCKS
      289 23 SGX 000 May 10 SS Vol CH Offshore 0.36 -0.01 4268 Chuan Hup 0.49 -0.02 1211 Coxo Investment 0.74 -0.03 5550 CWT Distribution 0.50 unch 44 EaraHldgs 0.96 -0.02 496 Freight Links 0.11 -0.01 806 GB Holdings 0.74 -0.01 46 teya Holdings 0.74 -0.04 3651 JC1 Venture 025
      289 words
    • Article, Illustration
      Lock icon Qingdao Port plans listing to fund expansion
      498 23  -  Next phase of Qingdao container terminal under study: company VP By Donald Urquhart [SINGAPORE] The Qingdao Port Group is the latest Chinese port aiming for a stock market listing in order to help finance capacity expansion as it aims to join the top
      FILE PHOTO  -  498 words
    • Article
      Lock icon Canada to boost port security spending
      188 23 Reuters [OTTAWA] Canada said it would spend an extra Cslls million (Ssl4l million) over the next three years to boost the security of its ports and help them compete with the United States. The money is in addition to the Cs3oB million that Ottawa
      Reuters  -  188 words
    • Article
      Lock icon Jurong Port doubles volume
      135 23 [SINGAPORE] Jurong Port more than doubled its container throughput in April, handling 48,000 TEUs, compared to just 21,000 TEUs in the same month a year ago. The fledgling port has seen its box throughput soar 133 per cent in the first four months of 2004, handling
      135 words
    • Article
      Lock icon Suez Canal to handle VLCCs by '06: official
      312 23 Reuters [ISMAILIA, Egypt] The Suez Canal will be deep enough to accommodate very large crude carriers (VLCC) for the first time in its history when dredging is completed in 2006, a Suez Canal Authority official has said. Currently the canal can only
      Reuters  -  312 words
    • PORT Shots
      • Article
        Lock icon STX wins US$90m order for two ships
        91 23 Bloomberg [SEOUL] STX Shipbuilding Co, South Korea's seventh-largest shipbuilder, won an order valued at about US$9O million to build two container vessels for Reederei Klaus E Oldendorff of Germany. The ships will each carry 3,500 20-foot standard containers and will be delivered by
        Bloomberg  -  91 words
      • Article
        Lock icon M'sia to up container train frequency
        104 23 [SINGAPORE] Malaysia will triple the frequency of its overland container feeder train connecting Penang Port and Port Klang. The once-a-week shuttle will become a three times a week service by June, and possibly up to five if demand warrants, TSM Logistics managing director Chan
        104 words
    • AVIATION news
      • Article, Illustration
        Lock icon JAL posts biggest-ever annual loss; sees turnaround this year
        820 24 Sars and bird fin epidemics blamed for 88.6b yen loss Bloomberg [TOKYO] Japan Airlines System Corp (JAL), Asia's largest carrier, posted a record annual loss after the severe acute respiratory syndrome (Sars) and bird flu epidemics deterred air travellers. The company
        Bloomberg; AFP FILE PHOTO  -  820 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      106 24 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 CWT Globelink ...4 Deimas 4 Dongnama 3 ECL 3 Foong Sun 5 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 IRISL 5 Kyowa 5
      106 words
    • Article
      Lock icon SHIPPING GUIDE
      7141 28 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oest'n Name Name Number Number To DURBAN (DUR) 2118 South Africa To ABIDJAN (ABJ) 2003 Cote D'lvoire 19/05 01/06 HamburgSud EVER GOVERN 103W 65-*****133 20/05 29/06 China
      7,141 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        535 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL J KING 3 J5 A/SIDE 11/05 0900 NENAF V015 J15/16 A/SIDE 11/05 0800 NEW SUCCESS UC 164 J22/23 A/SIDE 11/05 0900 SANDIDEWA 14 155 J8 A/SIDE 11/05 0630 SHENGHONG8O6 2043 J6 A/SIDE 11/05 1800 WE HING 1 J15 A/SIDE
        535 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1649 29 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MAGNOLIA 077S 077$ 1 11/05/2004-07:00 11/05/2004-18:00 T04 ACX RAFFLES 090N 090N 1 11/05/2004-09:00 11/05/2004-18:00 T02 AKINADA BR 11E 11E 1 13/05/2004-03:00 13/05/2004-19:00 AKSOY TRUVA 0411 0410 1 11/05/2004-20:00 11/05/2004-23:59
        1,649 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        610 29 Carbon 180 Max 989.7 0.6 M.9 0.06 38 0.04 May 6 Density Water Residue AshAluminium Sediment No above E25 0 0 0 0 0 0 380 Ave 986.6 0.2 13.7 0.05 26 0.02 Emm 380 Max 994.4 0.7 17.8 0.07 66 0.05 KG/M'3 %v/v M/x M/M
        610 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        138 29 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: Ascension Day. May 24 Canada: Victoria Day. May 26 HK: Budha's Birthdy. S.Korea: Budha's Birthdyh. May 30 Germany: Whit
        138 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        790 29 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
        790 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon EADS wins 3b euro Arianespace order
        250 30 Deal to supply 30 Ariane 5 rockets to European space consortium Reuters [BERLIN] Europe's largest aerospace company EADS is to sign a three billion euro (Ss6.l billion) order with European space consortium Arianespace to supply 30 Ariane 5 rockets, industry sources said yesterday. The
        Reuters; AFP FILE PHOTO  -  250 words
      • Article, Illustration
        Lock icon New Alitalia chief braces for tough rescue mission
        603 30 Splitting airline into two or three companies could be one of his options Reuters [ROME] Italian flag carrier Alitalia faces a tough week as its new boss tries to draw up a flight plan that will steer the loss-making airline towards recovery
        Reuters; REUTERS  -  603 words
      • Article, Illustration
        Lock icon Water landing scare
        66 30 [CATANIA, Italy] Passengers still wearing life jackets approach police officers at the Fontanarossa airport in Catania, southern Italy, after their Milan-boundflight landed back after takeoff. According to passenger accounts, the crew of the Wind Jet airline told them to wear the life jackets after the plane developed
        AP  -  66 words
      • Article
        Lock icon SriLankan adds weekly flights to Calicut
        136 30 AP [COLOMBO] Sri Lanka's national carrier will oper ate weekly flights to the south Indian city of Calicut starting July 1 amid increasing demand, the airline said yesterday. SriLankan, which has been keen to boost flights to its giant neighbour, will operate four flights
        AP  -  136 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2104 30 5H fllCHT CTA fUCHT no EK348 1650 S0428 2325 Mtfdtft BA7382 22)5 EK430 2005 0F82 2215 FrMkfwt AC9951 0630 LH9765 1345 LH9770 2300 IH9762 0630 S0326 1345 S0229 2300 S025 0630 BA7305 2255 Amstartfam $023 0605 6*974 0130 LH778 1555 LX4381 2255 KL837 1450 KL838 2255
        2,104 words
      • Article
        Lock icon Boeing bets on Middle-East to propel demand for its 7E7 jet
        265 30 Oana-Xinhua [ABU DHABI] US aircraft manufacturer Boeing Co hopes to win enough orders in the Middle East in the next 12 months to secure the future of its next-generation hi-tech aircraft, the 7E7 Dreamliner, the English language Gulf News
        Oana-Xinhua  -  265 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      486 23 PEOPLE. SHIP management and marine services group V Ships has appointed Douglas Robinson as Ship Management Divisions' managing director for Asia, based in Singapore. A 30-year industry veteran, Mr Robinson spent 16 years at sea with BP Shipping as a marine engineer, his last three years as chief engineer, and
      486 words
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      Lock icon Page 23 Advertisements Column 2
      157 23 II Boeing bets on Middle-East I Ito propel demand for 7E7s I BACKPAGE ||BPj!!!^^^^^MarineTidustr^oo4^em!na^™ RENDEVOUS HOTEL 15 May 2004 Fee only S$ 1 50 for member and Ssl99 for non-member. Group of 3 participants and early bird registration will be entitled to 10% discount, 60 seats only. Certificate of Attendance
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      688 24 I IMPORT NORTH AMERICA |[~j| AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) 1 phmi AUSTRALIA ASIA EXPRESS (AAX) VISSB VOY IGB SIN PKG i PtO NIDUOYD SOUTHAMPTON 41W17 28/04 16/05 18/05 VRSft SYD MEL ADL HI SIN PKG PtO NEDUOYD KOWIOON 37W18 05/05 23/05 25/05 NYK PRIDE 46N OMIT 06/05
      688 words
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      Lock icon Page 24 Advertisements Column 2
      506 24 Singapore Snipping Association g ULY UWE MALE /vESSII VOY ETA ETA ETA A P. KLANG SPORE MALE Maid Star 548 12/05 15/05 24/05 Kota Teraju TRJOBI 27/05 07/06 ULY MARINE SERVICES PTE LTD 1 NORTH BMDOE ROAD, *21-10, MGH STREET CENTRt gNGAPORE 17V094 TH: 6334-7266 FAX: 6334-7966 AGENTS: BANGKOK IM#
      506 words
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      Lock icon Page 25 Advertisements Column 1
      741 25 MOl Combines a rang® of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Abe accapt litre-Asia Cargoes t« BUSAN KWANGYANG SHANGHAI YANHAN XIAMBI QMGOAO BEIAWAN J JAKARTA SURABAYA KAOHSKINC BANGKOK LAH> CHABANG ttOCWIWIH PASW 6UPAHG PHUHG PORT KIAMG For Schedules,
      741 words
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      Lock icon Page 25 Advertisements Column 2
      870 25 GENERAL AGENTS IN SINGAPORE: 16 RAFFLES QUAY #36-01 SALES/BKGS TEL 6420 *****43 FAX: 6238 5321/24 COSTAR SHIPPING PTE LTD HONG LEONG BUILDING OUTWARDS *****802 *****325/75 CR NO. **********0 M SINGAPORE *****1 INWARO(D/0) *****786 *****319/49 jOHQBsomCp. lEL 6226 1900 (MAIN) T/SHIPDEP *****825 6238 5316/46 JOHUH S OrFICc. CONVENTIONAL *****850 *****208 COSTAR
      870 words
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      Lock icon Page 25 Advertisements Column 3
      588 25 VESSa VOY SIN PKG GQLDm TRADE 4QIN 12/5 13/5~ 15/5 z NEW DYNAMIC 060 A "W~ 1675 HERTFORD 003N I 18/5 I 19/5 21/5 BRIDGE 054 A 20/5 22/5 GOLDEN MERCHANT 470N I 24/5 I 26/5 ?8/S NEW DYNAMIC 061 A _27/5_ 29/5 *VSL cotng both North West port VESSEL
      588 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      588 26 K({1 'DPI MAQ ENOUIRIES/BOOKINOS: *****344 FAX: *****433 E-MAIL: dalmaaeiMmas.com.H PkdJ DOCUMENTATIONS/OPERATIONS: 633B3837 FAX: *****177 Mill CMKTMM 1MB mi CONTAINER SERVICE TO WEST ARKA HMOK IBn* Y0Y S >GAf0<t FOtT KELANG U HAVRE I DAKAR 1 lAIUIt NOUAKCHOTT CONAKRY iHywdwDBtovwY 321W 17/05 11/05 02/06 14/06 20/0* 23/06 16/oT Hyundai Confidence 308W
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      65 26 H VOY ETA ETA ETA EU^M vessel NO PKI SIN MALE _CBoH STAR 548 12/85 15/D5 2S/D5 ~01fl)6~^B MMDIVECABRiER 747 01/D6 30/D5 ***** "ilffiß MPBiNCESSUiY 0404 WW 15« M 549 11/86 14A» 24/06 ~03fl)7"M SCHEDULED SAIUNGS TO H I COLOMBO I 4 PROJECT CARGO M H Singapore Steward Shipping Agondts
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      530 26 71 F- j W\ WAN HAI LINES Tel: 6226 1588 Fax: *****163 INTRODUCING:- v* I NEW WEEKLY EXPRESS SERVICE TO: Ink hb EUROPE j ROTTERDAM HAMBURG ANTWERP i] CALLING SIN EVERY Saturday For more details, call HOTLINE: 6226 1588 1800-*****00 v mg _l k fcf DTn A RIO NO«TRANS SHIPPING
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      629 26 MYANMA PQg FIVE STAR UNI (Myomiiar National Line) Loading far Yang on VKSil VOY SIN PKL PEN PGU PAGAN 328W SLD HPA-AN 320W SU) SU) IN MAUYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-31/***** PEN: 04-2****** accepting conventional cgo VESSEL VOY HKG SIN PGU PM KUC DAISY T 31 SU)
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  • Page 27 Advertisements
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      1476 27 VESSEL VOY SIN PKL DXB BAB DMM BIK CHABAHAR KHORRAMSHAHR IRAN TEHRAN PCL36B 16/05 17/05 25/05 26/05 02/06 04/06 06/06 08/06 IRAN SATTARI PCLBO3I 20/05 21/05 29/05 30/05 07/06 09/06 11/06 13/06 IRAN SHAHRYAR PCLBO33 29/05 30/05 07/06 08/06 15/06 17/06 19/06 21/06 IRAN ISFAHAN PCL37I 06/06 07/06 15/06 16/06
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      477 27 UK CONTINENT SERVICE Loading for ATERMON RTM/ATW/BMN/UK/NAN KEELUNG RTM/ATW/BMNAJK/NAN Loads Singapore, EVW Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBl/ABU/DOH/BRN/DMM/KWT VTC STAR DBl/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/JDH/AQA J SAFE DBl/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for SPLIT CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL 'Loads EVW. Malaysia, Indonesia F.E./S.E.A. SERVICES S
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      675 27 VESSEL VOT SM PGtJ VESSEL *QI SIN JKT "CBANPA 120Z!! 12Z05 13/05 MATARAM EXP J525 14/05 18/05 PAC lANOA 1208N 13/05 14/05 AtAMIATA SSS6 16/05 19/05 PAC BANOA 1209N H/05 14/05 PAC MMTAh W& ?0/0S 77 /OS PAC BANOA L210R4 17/05 17/05 AUMJAYA 2 8897 23/05 25/05 PAC BANDA 12UN
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  • Page 29 Miscellaneous
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      126 29 S REGIONAL p, 5 3SSSSSSS 211 t 1 2WW^ Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Fu circle w/o line indicates calm or light and variable winds Rain O ne ha, f fleche represents 5 knots Cloudy Day L -One full fleche represents 10 knots Hazy
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      132 30 m QHBBIBBHBi j/B/TWk From June 2004, Austrian Airlines Croup will expand its long- haul services into Singapore and -Hi M Melbourne. The thrice weeWy services will operate from VOINA /SINGAPORE /MELBOURNE using the LfUC new J latest Boeing 777-200 aircraft. f EFFECTIVE 3*IUNE2OO4 www.austrianairtines.com VkT r| y U Destination Flight
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