The Business Times, 12 May 2004

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL25566
Total Pages: 30
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    11 1 THE BUSINESS TIMES MITA (P) 023/03/2004 SINGAPORE WEDNESDAY, MAY 12, 2004
    11 words
  • Article, Illustration
    Lock icon Wee gears up for next big battle
    691 1  -  Three scenarios emerge as Temasek's offer for UOL stake lapses By Angela Tan [SINGAPORE] Temasek's offer for United Overseas Bank's stake in United Overseas Land may have lapsed yesterday, but the saga is far from over for UOB chairman Wee Cho Yaw, and
    Source: Bloomberg  -  691 words
  • Article
    Lock icon Tap casinos' potential for clean entertainment: analyst
    516 1  -  Govts should also craft policies that minimise the attendant negative social impact By Teh Shi Ning [SINGAPORE] Asian governments and industry players need to work out policies to minimise the negative social impact of casinos, and show that they can be a source
    516 words
  • Article
    Lock icon MARKETS
    75 1 Dsn 1,803.39 (+11.61) ST INDEX FUTURES 1,803.00 (+13.00) SIMSCI 220.23 (+1.61) SIMSCI FUTURES 220.30 (+2.40) Tuesday Change KLSECOMP 810.66 -128 NIKKEI 225 IOJW7.I8 *2148 HAN(i SENG 11,508.(19 +2159 SET INDEX 618.10 +12.48 JAKARTA COMP—***** +11.043 MANILA COMP_1.508.26 -4623 TAIPEI WPI ,5.886,36 +€1,31 SEOUL COMP 791.02 -0,34 SHENZHEN B 245.84
    75 words
  • Article
    Lock icon FINANCE
    75 1 FOREX RATES US$ 8$ rss (ss p«t rss) 1.717 £(IJS$/S$ per Si) 1.721 UM EI;RO(I;SS/S$/E) I.ihh 2044 YEN 113.4 65.90 KM 3.800 2.208 HKS 7.800 4.533 BAHT 40.58 23.58 RIPIAH 8,973 5.214 RENMINBI 8.299 4.823 INDIAN Rl'PEE._ 45.21 26.27 AS 1.432 0.832 NZS 11;44 0.955 PRIME RATES SINGAPORE 5.25
    75 words
  • Article
    Lock icon Thai govt, not Thaksin, footing Liverpool bill
    793 1 He wants 30% stake to be owned by all Thais Bloomberg, AFP [BANGKOK] Thailand's government, not Prime Minister Thaksin Shinawatra, is funding the bulk of a four billion baht (Ssl69 million) offer for a stake in Liverpool Football Club. Government spokesman Jakrapob Penkair
    Bloomberg,; AFP  -  793 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • NEXT page
    • Article
      Lock icon IDA goes for more talks on changes to competition code
      666 2  -  Final decision put off as responses from firms warrant another round of consultation, it says By Tang Weng Fai [SINGAPORE] Faced with the depth of response to its maiden review of the Telecoms Competition Code, the Infocomm Development Authority (IDA)
      666 words
    • Article, Illustration
      Lock icon M'sia to revamp Khazanah, other state funds: report
      390 2 Move to make them more marketoriented: MBT Reuters [KUALA LUMPUR] Malaysia will unveil on Friday measures to revamp state investment funds including Khazanah Nasional Bhd to make them more marketoriented, a newspaper said yesterday. The Malaysian Business Times quoted unnamed sources as
      Reuters; THE STAR  -  390 words
    • Article, Illustration
      Lock icon Khoo's heirs hold 5.25% stake in Stanchart
      497 2  -  Bank expects more notices as probate process continues By Loh Hui Yin [SINGAPORE] The heirs of the late tycoon Khoo Teck Puat have notified Standard Chartered Bank that they hold a 5.25 per cent stake in the UK-based bank. Mr Khoo, who died
      497 words
    • ON THE grapevine
      • Article
        Lock icon Long on stocks...
        130 2 YOU have to hand it to fund managers for their perennial optimism. Wall Street may now be caught in a downward spiral while Iraq, inflation and China are conspiring to keep a lid on prices. But the May 3 issue of the US financial weekly Barron's reports
        130 words
      • Article
        Lock icon ... and samba dancers
        70 2 and samba dancers IN contrast to the majority of US money managers, one outfit that's clearly bearish is the group of advisers who subscribe to The John Magee Technical Analysis. Its April report says, "We will not be going long any indexes this decade. And we are now beginning to
        70 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      294 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: Simon ne Toh T: +65 6535 3382 F: +65 6535 3991
      294 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      229 3 *i 55 'Is Im! llfc'" > i m HfettflEk.'*! P& i t^' A T T T T I 1 T k T A Delight in the ageless charm of European designed jewellery. /A I I I J iv I I V T Savour the splendour of sparkling diamonds in white
      229 words
Page thumbnail Page 4
  • SINGAPORE companies
    • Article, Illustration
      Lock icon CCT surprises with $1.18 trading debut
      527 4  -  Yield of 4.8% is below 6% offered by other property trusts By Andrea Tan CAPITACOMMERCIAL Trust (CCT) defied market expectations in its trading debut yesterday, ending at $1.18 or a yield of 4.8 per cent, below the 6 per cent offered by other property
      Source: Bloomberg  -  527 words
    • Article, Illustration
      Lock icon Reading deeply into Temasek's tussle for UOL
      163 4 THE takeover bid by Temasek Holdings for Wee Cho Yaw's United Overseas Land may be headed for a lull, but not punters' imagination. Despite the Singapore investment company's statement that the offer was nothing more than a pure commercial deal to take over
      163 words
    • Article, Illustration
      Lock icon UOL shares fall as signs of takeover battle fade
      301 4  -  TUSSLE FOR UOL By Taila Krishnakumar UNITED Overseas Land's shares beat a retreat yesterday as market players saw no sign of an emerging takeover battle for now at least between Singapore investment company Temasek Holdings and the Wee family or other
      Source: Bloomberg  -  301 words
    • Article
      Lock icon No more a family affair soon?
      877 4  -  HOCK lock siew wong wei kong LET'S call it unfinished business. Yesterday, Temasek Holdings' $710 million offer to buy United Overseas Bank's 49 per cent stake in United Overseas Land lapsed with little drama, after it rejected a request from UOB for a one-month
      877 words
    • Article
      Lock icon PacNet Q1 gain improves to US$490,000
      574 7  -  Voice services to be launched in S'pore and HE this year By Raju Chellam SINGAPORE-BASED Pacific Internet has reported a four-fold jump in profits for its first quarter ended March 31 and said it is planning to launch voice offerings to corporate and consumer
      574 words
    • Article, Illustration
      Lock icon Parkway lifts net profit 54% in first quarter
      449 7  -  It's rewarding shareholders with a Q1 dividend of 1.5 cents per share By Andrea Tan PARKWAY Holdings is a picture of health. The healthcare operator has reported a 54 per cent jump in net profit to $12.2 million for the first quarter
      449 words
    • Article, Illustration
      Lock icon NatSteel trebles earnings in first quarter
      336 9  -  Its China, Thailand operations enjoyed higher selling prices and better margins By Chen Huifen BOOSTED by higher prices and strong overseas demand, mainboard-listed Nat Steel yesterday reported a more than three-fold surge in net profit to $34 million for the first quarter ended March
      FILE PHOTO  -  336 words
    • Article, Illustration
      Lock icon Hong Leong Finance's profit edges up
      249 9  -  By Chen Huifen DESPITE lower income from interest on loans and hiring charges, Hong Leong Finance managed to turn in a marginal 3.8 per cent year-on-year rise in net profit to $19.9 million for its first quarter ended March 31. Income generated from interest
      FILE PHOTO  -  249 words
    • Article
      Lock icon Cheers at Hi-P as Q1 earnings treble, turnover doubles
      371 9  -  It expects stronger growth in Q2 as customer base expands By Joyce Koh IT'S Hi-P, Hi-P hooray at Hi-P International. A surge in turnkey projects has pumped up business for the integrated contract manufacturer which was listed on the mainboard in
      371 words
    • COMPANY Briefs
      • Article
        Lock icon iSoftel is now Ist Software Corp
        35 9 iSoftel Ltd yesterday said it has changed its name to Ist Software Corporation from yesterday. Its share option plan is now known as "Ist Software Corporation Share Option Plan".
        35 words
      • Article
        Lock icon MMIQ3 earnings jump 84%
        34 9 CONTRACT manufacturer MMI Holdings yesterday reported an 84 per cent jump in net earnings to $3.9 million for Q3 ended March 31. Revenue swelled 15 per cent to $130.3 million.
        34 words
      • Article
        Lock icon Intraco appoints deputy chairman
        27 9 INTRACO Ltd has appointed Tan Ng Chee as deputy chairman from yesterday. Dr Tan is an independent and non-executive director of the company.
        27 words
      • Article
        Lock icon Sunningdale doubles Q1 profit
        37 9 SUNNINGDALE Precision Industries has reported a 96.4 per cent increase in first-quarter profit to $2.4 million. This was achieved on the back of a 24.4 per cent rise in turnover to $25.6 million.
        37 words
      • Article
        Lock icon OK Goh back in the black in Q1
        115 9 GK Goh Holdings yesterday announced a turnaround from a net loss of $3.1 million a year ago to net profits of $8.3 million in the first quarter 0f2004. Group revenues also grew twice over to $41 million. The firm attributed the improvement
        115 words
      • Article
        Lock icon Amara buys 41% of Amara Haswoods
        44 9 AMARA Holdings said it is buying 41.66 per cent of Amara Haswoods (AH) from Haswoods Mustika for about $800,000. Following the purchase Amara Holdings' wholly-owned subsidiary Amara China Investments Pte Ltd will own 91.66 per cent of AH.
        44 words
      • Article
        Lock icon SNF Corp Q1 gain soars to $2.9 m
        38 9 SNF Corp posted a more than six-fold jump in its first-quarter net profit to $2.9 million. Turnover expanded by 71 per cent to $6.6 million, from a proforma $3.9 million.
        38 words
      • Article
        Lock icon Chuan Hup earnings up 2.6%
        50 9 CHUAN Hup Holdings yesterday reported a 2.6 per cent climb in net profit to $13.9 million for its third quarter ended March 31. Turnover improved 0.2 per cent to $42.6 million. This brings its nine-month profit to $55 million, or a 42.6 per cent growth.
        50 words
      • Article
        Lock icon Kingsmen buys computer rental firm
        29 9 COMMUNICATIONS design and production group Kingsmen Creatives has signed an agreement to acquire a 40 per cent stake in Ascend Computer Rental for $850,000.
        29 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      312 4 I JLANP FOR SALE 1 WOODLANDS E3 I Hf B m 1 vibrant Woodlands Town, land parcel Woodlands E3 fl with the potential for comfortable living. I nee away from the Woodlands and Admiralty fl site also easily the Seletar fl Point and the other neighbourhood 1 vicinity offer dwellers
      312 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      465 4 i G~ I AUTRON CORPORATION LIMITED ABN 25 002 876 182 (Incorporated in New South Wales, Australia on 10 January 1985) AUTRON CORPORATION LIMITED (THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE (THE "WARRANTS ISSUE") OF APPROXIMATELY 231,610,963 WARRANTS (THE "WARRANTS"), EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY
      465 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 3
      374 4 mam p In the Matter of The Companies Act, Cap. 50 And In the Matter of (1) THONG INVESTMENTS PTE LTD (COMPANY NO *****0022 M) (2) BEE WAH CONSTRUCTION PTE LTD (COMPANY NO *****2732R) (3) LAM BEE CONSTRUCTION ENGINEERING PTE. LTD. (COMPANY NO *****1114 M) (4) AIKMA KOI CENTRE PTE
      374 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      321 5 I N I TIA L PUBLIC n F F F R I PHMMNM ■SMBlrrfl^ i HBI v jjgjy -4, Wi I I I mm 1 r—| Support I m- B us ness I >_ fp I Transformation I M0P 4 WW* *9 w*. Armarda Group Limited Incorporated in Bermuda on
      321 words
Page thumbnail Page 6
  • SINGAPORE markets
    • Article
      Lock icon BROKERS' TAKE
      546 6  -  Compiled by VEN SREENIVASAN SembCorp Industries May 11 dosing: $1.38 SembCorp Industries (SCI) reported improved Ql 2004 turnover and net profit for all five key business units, except for engineering and construction where net profit fell 93 per cent to Sso.sm. However, if tax relief recognised in Ql
      546 words
    • Article, Illustration
      Lock icon Market headed lower but it's not in new bear phase
      463 6  -  POINT By Lim Say Boon K AJrth FIRST the bad news: As dreadful as the equity market "bungee jumps" looked on Monday, worse is yet to come the Singapore market is expected to head even lower. Now the good news:
      Source: Bloomberg  -  463 words
    • Article, Illustration
      Lock icon Has the greenback finally turned?
      879 6  -  BT comment CURRENCIES larry wee THE fears expressed in our longer-view column a week ago were realised with another stand-out US jobs number on Friday last week, which devastated US stocks and bonds but lifted the greenback higher against 2003's favourite high-yielders and Asia's low-yielders.
      879 words
    • Article, Illustration
      Lock icon Greed versus fear —which will spur sentiment?
      549 6  -  BT comment YOUR MONEY r. sivanithy LIKE wildlife caught in the glare of headlights, stockmarket traders appear frozen, unable to decide which way to move. But what else can you expect? Under duress, the twin emotions of greed and fear exert a near-total
      549 words
    • TRADES TO WATCH
      • Article
        Lock icon WPIC unit's stake In WPC tops 61.1%
        98 6 PRIME Future Technology (PFT), a wholly owned subsidiary of World Peace Industrial Co (WPIC), has raised its controlling direct stake in main-board-listed WPG International to 61.115 per cent or about 113.2 million shares from 61.034 per cent. This came after an open market
        98 words
      • Article
        Lock icon GES chairman trims DigHand stake
        62 6 GES International executive chairman Goh Lik Tuan has trimmed his direct stake in IT products distributor Digilahd International to 8.5 per cent from 8.78 per cent following an open-market sale on Monday. The move lowered his direct and deemed stake of 22.24 per cent to
        62 words
      • Article
        Lock icon JMH's holding in iSH increases
        51 6 JARDINE Matheson Holdings Limited (JMH) bought some 564,000 shares of Jardine Strategic Holdings Limited (JSH) yesterday through its wholly owned subsidiary JMH Investments Limited. JMH is a subsidiary of JSH. The prices paid were between US$4.78 and US$4.86 per share. JSH closed unchanged at US$4.86
        51 words
      • Article
        Lock icon IP Soflcom director buys more shares
        103 6  -  Compiled by Taila Krishnakumar,Joyce Koh A DIRECTOR of International Press Softcom Limited, Woo Khai San, purchased 196,000 shares in the company, which provides printing services and software contract manufacturing services, on Monday. The transaction, through International Press Holdings Pte Ltd, raised his deemed stake
        103 words
    • Article, Illustration
      Lock icon Untitled
      422 6 OTHER SINGAPORE INDICES May 11 VALUE CLOSE BTOB/OS -706.00 +119.00 BT CAM -*****.00 -H15.00 BT 10-day MA -*****.00 -70.00 All-SG Equities 486.16 +2.38 SG Equities Elect 162.95 +0.10 SG Equities Fin 1488.29 +15.09 SG Equities Prop 404.27 -14.86 SHWSa 220.23 +1.61 SiMSCl Futures 220.30 +2.40 Stock* Vokarm AsiaPharm US2c 53,346,000
      422 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      27 7 5 m 125 Y63I*S 1 jjover j jj Call Berlitz today 6733-7472 or visit www.berlitz.com jj jj 501 Orchard Road #05-03/04 Wheelock Place Singapore *****0 Jj jSjgiyswmE;
      27 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      165 7 Applications for the Reserved Shares may only be made by way of printed Application Forms referred to in the Prospectus dated 30 April 2004. Copies of the Prospectus dated 30 April 2004 and the Application Forms and envelopes may be obtained on request, subject to availability, during office hours from:-
      165 words
Page thumbnail Page 8
  • EXECUTIVE money
    • Article
      Lock icon PIAS terminates services of three senior staff
      316 8  -  By Genevieve Cua PROFESSIONAL Investment Advisory Services, the financial advisory arm that grew largely out of the agency force of an insurance firm, has terminated three staff, in what it says were "redundancies". Founding directors Aewin Ng and Jocelyn Lim, and practice development
      316 words
    • Article, Illustration
      Lock icon Doing good while investing
      995 8  -  While SRI (socially responsible investing) funds haven't been making their mark in the S'pore retail investing market, there's hope in some quarters that they will blossom eventually. Genevieve Cua reports Genevieve Cua WITH the wave of concern over corporate governance, you may think that socially responsible
      Source: Raport on Socially Responsible Investing Trade in the United States,Social Investment Forum  -  995 words
    • Article, Illustration
      Lock icon Turning to cash as defensive holdings in difficult times
      703 8  -  By Genevieve Cua THIS year is turning out to be a difficult one for investments, and ABN Amro Asset Management's investment strategist is looking to cash as a defensive holding as well as alternative assets such as hedge funds. Han de
      703 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      194 8 Interested companies others are requested to email their profile in confidence to capital@nodens.biz Details of company operations and strategies will be provided subsequently as required. Markmed Consultants Pte Ltd J Lianhe Zaobao m I I arrived at in a I I bidding I I war? I I I I Vf
      194 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      30 8 operation hours 1200hrs to 1430hrs 1800hrs to 2300hrs for dining reservation tel 6333 1 788 email rangmahal#hind.com.sg The Pan Pacific Hotel Level 3 7 Raffles Boulevard Marina Square Singapore *****5
      30 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 3
      110 8 EURO ASIA SO SHIOK BUFFET DINNER Featuring The Best of Singapore Cuisine Throughout May Experience an out of the world buffet that has all your local favourites like Black Pepper Crab, •i y Baked Slipper Lobster, Beach Road rsrrjT Tulang, Chef's Special Wanton HaL Noodles and "Live" Prawn Noodle Soup.
      110 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 4
      51 8 Exclusive Privileges await you at: Aroma Japanese Restaurant Cafe De Amigo Chutney Cafe Chocolate Box EI Patio Mexican Restaurant George's Steak Ribs Korean Restaurant Kuali The Asian Kitchen Parkwa > Thai Restaurant Pondok Gurame i&MR Restaurant Continental Riverside Indonesian Restaurant Please log on to www.diners.com.sg/or more details. 4 Diners Club
      51 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 5
      55 8 MERITUS MANDARIN SINGAPORE f HT :j Ihumg Sireei Tare 7-31 tttay 20W High Tea Buffet 12.00 noon to 4.30 pm Weekdays $23.80+++ (Adult) $15.80+++(Child) Weekends l\Ac > 7 7rtr\inC > $24.80+++(Adult) V ZZO K $16.80+++ (Child) 2nd floor Reservations: 6831 6286 MEIUTUS MANDARIN t»*«A 333 Orchard Road, Singapore *****7. Tel:
      55 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      576 9 Fidelity i rv 1/ E S T M IM T s U €ARE YOU SEEING EUROPE AS WELL AS YOU SHOULD? Get a sharper vision of European opportunities. Trust the best fund management organisation ranked by European institutions.* With its attractive stock valuations, strong corporate earnings and improved market breadth,
      576 words
Page thumbnail Page 10
  • SINGAPORE news
    • Article
      Lock icon MDA to set aside $65m for media industry
      329 10  -  This, plus past pledge of $100m, will serve as funding for Media 21 plan By Uma Shankari THE Media Development Authority (MDA) said yesterday it will allocate up to another $65 million to the media industry here over the next five years
      329 words
    • Article, Illustration
      Lock icon Administrative hitch grounded Valuair's Jakarta flight
      311 10  -  By Ven Sreenivasan AN unexpected last-minute procedural hitch grounded Valuair's maiden flight to Jakarta on Monday not a mechanical problem or an issue with air-traffic rights. BT understands that Jakarta's Sukarno-Hatta airport told Valuair late Sunday that it had to meet a new administrative
      FILE PHOTO  -  311 words
    • Article
      Lock icon Sumitomo puts US$1b plant on hold
      476 10 It's considering instead a US$4.3b facility in the ME Reuters JAPAN'S Sumitomo Chemical Co Ltd will delay a US$l billion Singapore petrochemicals project under a joint venture with Royal Dutch/Shell Group, citing the cost of what would be Asia's largest ethylene plant. Sumitomo and
      Reuters  -  476 words
    • Article
      Lock icon S'pore okays trading of Brent futures, says IPE
      143 10 Bloomberg [TOKYO] The International Petroleum Exchange, Europe's biggest energy market, won approval from the Singapore government to trade its Brent futures contracts in the country, IPE chief executive Richard Ward told reporters here. Trading of the contracts has been limited in Asia
      Bloomberg  -  143 words
    • MEWS Roundup
      • Article
        Lock icon NTTJ school into drags research
        126 10 STUDENTS who enrol in Nanyang Technological University's School of Biological Sciences can aspire to do research that may lead to the discovery of new drugs to combat diseases such as Sars, Aids, malaria and cancer, the school said yesterday. The curriculum focuses on the improvement
        126 words
      • Article
        Lock icon AIMR changed to CFA Institute
        114 10 THE Association for Investment Management and Research (AIMR), the global non-profit professional association that administers the Chartered Financial Analyst study and examination programme worldwide, will now be known as the CFA Institute. Members of the association voted overwhelmingly in favour of a resolution to change
        114 words
    • Article, Illustration
      Lock icon OCBC puts White Sands mall up for sale
      461 11  -  Pasir Ris property could fetch more than $120m valued last yean sources By Kalpana Rashiwala OVERSEA-CHINESE Banking Corporation is proceeding with its non-core asset divestment programme and its latest target is White Sands Shopping Mall at Pasir Ris, which was valued at
      FILE PHOTO  -  461 words
    • Article, Illustration
      Lock icon Import price index down 1.9% in March
      299 11  -  EYE on the economy By Daniel Buenas SINGAPORE'S import price index dropped 1.9 per cent year on year in March, while the export price index fell 2.9 per cent, according to figures released yesterday by the Department of Statistics (DOS). The import price
      Source: DOS  -  299 words
    • Article
      Lock icon StarHub offers cable TV service via the PC
      153 11 YOU can now watch select cable TV programmes on your computer if you have a cable modem connection with Star Hub. This is made possible through the justlaunched i.View, a cable TV video service that's delivered through the service provider's Max Online
      153 words
  • Article, Illustration
    Lock icon FINANCE
    1090 10 Transaction date: May 11 mTERBAMH CROSS RATES AS C$ frnb Euro HK$ Ind to »m>Wi Y«n Won 811 MZS P»b too S$ Band Sfr XT$ Baht Pound US$ Australia 0.970 5.794 0.588 5.446 31.566 62.649 0.791 8.296 2.653 1.148 40.279 39.085 1.201 4.846 0.906 23.480 28.333 0.393 0.698 Canada
    1,090 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      576 10 Notices CWT DISTRIBUTION LIMITED Announcement First Quarter 2004 Results The Directors of CWT Distribution Limited wish to mske the following announcements:UNAUDITED RESULTS FOR THE QUARTER ENDED 31 MARCH 2004 GROUP Quarter ended 31 March 2004 2003* Ss'ooo Ss'ooo Chng Revenue 50,534 51,048 -1.0% Cost Of Sales (45,460) (44,957) 1.1% Gross
      576 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      442 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ZENECON GOLD INVESTMENTS PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) At on Extraordinary General Meeting of the abovenamed Company held at No 1 Pasir Ponjang Road, #03-07 Pasir Panjang Oistricentre Singapore *****0 on 6 May 2004, at 2
      442 words
Page thumbnail Page 11
  • Article
    Lock icon COMMODITIES
    1628 11 SICOM FUTUKES May 11 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 04 229.50 Jul 04 228.75 Aug 04 229.25 Sep 04 228.25 Oct/Dec 04 228.25 Jan/Mar 05 231.25 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
    1,628 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      28 11 &rn^>erstn 'P me the to succe The SIM PACT The Profile, Assistance. Connections and Training for our members to stay ahead of the competition. MANAGEMENT w*ff^ppI|P M j?
      28 words
Page thumbnail Page 12
  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Chen rash to take US help for granted
      796 12  -  THE bottom line OPINION frank ching TAIWAN'S President Chen Shui-bian, who narrowly won a disputed election in March, is without doubt the Bush administration's least favourite democratically elected leader. After a week in Washington talking to various officials, the impression is unmistakable
      796 words
    • Article
      Lock icon IN OTHER WORDS
      89 12 'You are doing a superb job. You are a strong secretary of defence, and our nation owes you a debt of gratitude.' -George W Bosh the US president to Defence Secretary Donald Rumsfeld, in the wake of the Iraqi prisoner of war abuse scandal. 'The holy grail
      89 words
    • Article
      Lock icon Competitive or complacent?
      622 12 EDITORIAL THE World Competitiveness Yearbook's latest scorecard on Singapore contains cause for cheer and then some. The positives are evident enough. Particularly to policymakers and others who set great store by such rankings, Singapore's jump back up to No 2 in the global competitiveness pecking order, behind
      622 words
    • Article, Illustration
      Lock icon Is a single East Asian currency a pipe dream?
      971 12  -  Enlargement of the EU is being seen as proof that East Asia could also surmount its many differences and achieve a currency union By Andy Mukherjee Bloomberg IF Asian policy makers have a grand vision, it is that someday people from
      Bloomberg; AFP  -  971 words
    • Article
      Lock icon Fall of an Indian icon
      554 12  -  COMMENTARY Much as 'high-tech' Chandrababu Naidu did for his state, it wasn't enough By G Panicker THE chief minister of India's high-tech state of Andhra Pradesh has fallen from power after nearly 10 years. The results show that while, in a democracy, it might be
      554 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      205 12 CRYPTIC CROSSWORD 28 Fair examinations should be! (8) speak the same language YESTERDAY'S SOLUTION DOWN 6 6 Across: 1 Decapod, 5 Aerobic, o u. 14 Can an obese man have 9 imponderability, 10 Tail, 11 4) made such an attraction? (5) Skein 12 Agog 15 Roedean < 3 Nparwt nr>in»
      205 words
Page thumbnail Page 13
  • REGIONAL news
    • Article
      Lock icon Pelepas port steers into the black
      419 13  -  It makes pre-tax profit of RM8.7m, its first in 5 years since it started out From Eddie Toh in Kuala Lumpur PORT of Tanjung Pelepas (PTP) in Johor has reported maiden profits, more than five years after it started operations to capture business from
      419 words
    • Article, Illustration
      Lock icon Manila bourse cautious ahead of election results
      266 13  -  Arroyo, Poe seen to be locked in a dead heat From Al Labita in Manila PHILIPPINE markets remained cautious yesterday as unofficial results from Monday's presidential election showed the incumbent, Gloria Arroyo, and Opposition candidate Fernando Poe locked in a dead heat. Being
      REUTERS  -  266 words
    • NOTE Book
      • Article
        Lock icon China central bank sees 7% growth
        95 13 Bloomberg [BEIJING] China's economic growth will slow in the second half of this year as the government's cooling measures take effect, bringing the 2004 rate to about 7 per cent, the central bank said. Gross domestic product growth will be "relatively high" in the
        Bloomberg  -  95 words
      • Article
        Lock icon S&P affirms Malaysia's ratings
        48 13 AFP [KUALA LUMPUR] International ratings agency Standard and Poor's yesterday affirmed Malaysia's investment-grade sovereign credit ratings, citing its strong external liquidity and competitive export-oriented economy. The outlook is stable on the ratings, A-minus/A-2 for foreign currency and A-plus/A-1 for local currency, it said. —AFP
        AFP  -  48 words
      • Article
        Lock icon Indon VP Joins presidential race
        66 13 AFP [JAKARTA] Indonesian Vice-President Hamzah Haz has joined the race for the presidency and picked a retired general as his running mate. Mr Haz, who was spurned by President Megawati Sukarnoputri as a running mate, has announced he will contest the country's first direct presidential
        AFP  -  66 words
      • Article
        Lock icon China's rice output may rise this year
        89 13 Bloomberg [BEIJING] China's rice output may rise this year because of emergency subsidies and other government efforts to reverse a seven-year decline in the output of the grain, the government said. China's 2004 rice crop may exceed 2002's 175 million ton harvest after
        Bloomberg  -  89 words
      • Article
        Lock icon Stanchart's China profit jumps 31%
        71 13 Reuters [SHANGHAI] Standard Chartered grew profits from its seven branches in China by 31 per cent in 2003, and yesterday pledged to keep investing in the huge but restrictive mainland financial arena. Stanchart earned 136 million yuan (5528.1 million) in China last year. The bank
        Reuters  -  71 words
      • Article
        Lock icon China IPOs may surpass US: PwC
        59 13 Reuters [HONG KONG] Funds raised from Greater China IPOs could reach US$2O billion in 2004 and surpass the total raised on US bourses, PricewaterhouseCoopers said on Monday. Exchanges in Hong Kong, Shanghai and Taiwan are set to host US$2O billion worth of initial public
        Reuters  -  59 words
    • Article
      Lock icon 3 foreign firms eye Proton Campro engine: report
      420 13 KUALA LUMPUR THREE foreign companies are negotiating to buy the Campro engine made by Proton Holdings Bhd, Malaysian Business Times reported yesterday, quoting chief executive officer Tengku Mahaleel Tengku Ariff. He, however, did not identify the firms. The deals may be worth
      420 words
    • Article
      Lock icon KL will not reopen water bids, says Abdullah
      208 13 KUALA LUMPUR Bloomberg MALAYSIAN Prime Minister Abdullah Ahmad Badawi yesterday denied an Asian Wall Street Journal report that the government may reopen bids for a contract to supply and distribute water in Kuala Lumpur and central Selangor state. "I don't think the
      Bloomberg  -  208 words
    • Article, Illustration
      Lock icon US, Malaysia sign agreement to set pace for possible FTA
      324 13 WASHINGTON AFP THE United States and Malaysia signed an agreement on Monday setting up a special forum to address trade issues, Washington's fifth such pact with export-driv-en South-east Asian nations. US Trade Representative Robert Zoellick and Malaysia's Minister of International
      AFP  -  324 words
    • Article, Illustration
      Lock icon Indian stocks fall on election blues
      736 14 MUMBAI Key ally of federal govt voted out in southern province as exit polls point to hung Parliament Reuters INDIAN financial markets slid yesterday as final election exit polls showed the ruling coalition could fall well short of a majority in Parliament, heightening the
      Reuters; AFP  -  736 words
    • Article
      Lock icon HK economic recovery seen doing little to lift wages
      515 14 HONGKONG Reuters HONG Kong is poised for 6 per cent economic growth this year but workers hoping for a hefty pay increase are likely to be disappointed as employers seem sceptical the recovery will last. "The economy is coming back but
      Reuters  -  515 words
    • Article, Illustration
      Lock icon Sri Lanka may sell telecom, airline stakes
      462 14 COLOMBO Move is to pare down budget deficit, says minister Bloomberg SRI Lanka may sell stakes in Sri Lanka Telecom Ltd, SriLankan Airlines and other companies to pare a budget deficit that's threatening economic growth, newly appointed Finance Minister Sarath Amunugama said in
      Bloomberg; REUTERS  -  462 words
    • Article
      Lock icon China steel prices slip as credit curbs bite
      241 14 BEIJING Reuters [BEIJING] China's steel prices have started falling due to credit tightening and a clampdown on overinvested sectors, the China Securities Journal said on Tuesday, quoting the State Development and Reform Commission. Prices of major steel products in most Chinese cities
      Reuters  -  241 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      157 13 THE KING OF CLUBS LJm Its business with pleasure at our brand new Executive Club, with new Club Lounge featuring outdoor seating and mini-golf-putting green. Executive Package includes Accommodation in a brand new Club Room with private balcony, in-room DVD player and broadband internet access Use of our Club Lounge
      157 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      107 14 Companies can nominate themselves for the 2004 Enterprise awards by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 A Revised Edition), with three years of audited statements. jff I Is' Nomination forms are available at: I Enterprise 50 Secretariat, c/o Accenlure
      107 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      118 14 ■■{■■■■■■■■■■I Call toll-free 1800 289 8822 HESS Educational Organization, the largest private English Educational Organization in Taiwan, is currently recruiting Program Managers for our Singapore Division Education Program Manage for our Singapore Language Centre Job Description Coordinating English Education programs Curriculum design development Managing teaching staffs Requirements: Bachelor Degrees TESOL
      118 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      204 14 IHH Cill loWret 1800 289 8822 aotka#»pLto»jg In The Matter Of The Companies Act, Cap. 50 And In The Matter Of TRANSCENDENTAL PTE LTD NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies
      204 words
Page thumbnail Page 15
  • WORLD news
    • Article
      Lock icon OECD forecasts sustainable global recovery
      693 15  -  But fiscal deficits, rising interest rates can upset this smooth scenario From Anthony Rowley in Tokyo AMID continuing turbulence in currency and financial markets, the Organisation for Economic Cooperation and Development (OECD) yesterday forecast widening and sustainable recovery in the global economy. But the Paris-based
      693 words
    • Article, Illustration
      Lock icon Toyota is first Japanese firm to post It yen in earnings
      485 15 Reuters, Bloomberg [Tokyo] Toyota Motor Corp has become the first Japanese company to post net profit exceeding one trillion yen. Despite a stronger yen against the US dollar for the past year, it earned 1.16 trillion yen (5517.6 billion),
      Reuters,; Bloomberg; AP PHOTOS  -  485 words
    • Article
      Lock icon Debate shifts to the size of rate rise
      426 15 NEW YORK Reuters IT is rare for economists on Wall Street to agree on anything but for once they are united, sharing the view that the Federal Reserve will raise interest rates in June, or August at the latest. But they still
      Reuters  -  426 words
    • WORLD Watch
      • Article
        Lock icon Morgan Stanley's bad advice
        96 15 Reuters [NEW YORK] Washington state could take action against Morgan Stanley for possibly giving unsuitable investment advice to Microsoft employees concerning their stock options, the Wall Street Journal said yesterday quoting the state's director of financial institutions, Helen Howell. Regulators said two stockbrokers gave bad advice
        Reuters  -  96 words
      • Article
        Lock icon Hedge funds lose money in April
        95 15 Reuters [BOSTON] The average hedge fund lost money in April and slipped into the red for the first time this year, but these investment pools still beat the broader market. Last month, hedge funds lost 0.78 per cent after eking out a 0.31 per
        Reuters  -  95 words
      • Article
        Lock icon US small business optimism grows
        55 15 Reuters [WASHINGTON] US small businesses grew more optimistic last month as the future of the economy appeared brighter and earnings improved amid an increased ability to raise prices. The National Federation of Independent Business said its small business optimism index "improved significantly", rising 2.8 points
        Reuters  -  55 words
      • Article
        Lock icon Mitsubishi, Mitsui boost earnings
        77 15 Bloomberg [TOKYO] Mitsubishi Corp and Mitsui Co, Japan's two biggest trading companies, said annual earnings soared, helped by increased demand from China and other Asian nations for energy, raw materials and equipment. Mitsubishi's net income for the year ended March 31 rose 85 per cent to
        Bloomberg  -  77 words
    • Article
      Lock icon Australia to cut income taxes by A$14.7b
      400 15 CANBERRA Bloomberg THE Australian government will slash income taxes by A 514.7 billion (5517.6 billion) as it seeks to win a fourth term at elections this year. It will also boost spending on families, health, roads and defence. Treasurer Peter Costello forecast a
      Bloomberg  -  400 words
    • Article, Illustration
      Lock icon Tantalising deals from for BT readers
      794 15 From now until May 31, seafood lovers can feast on succulent lobster, tasty scallops, fresh steamed fish and bamboo clams at these outlets, which offer Citibank card-holders special deals (terms apply). And BT readers can be among five lucky winners to walk away with
      794 words
    • Article
      Lock icon MCI posts Q1 loss, plans to axe 7,500 staff
      534 17 McLEAN, Virginia It expects to return to profit in H2 with layoffs and other cost-catting AP, FT MCI plans to eliminate 7,500 jobs more this year about 15 per cent of its work force to cut costs as it struggles with
      AP,; FT  -  534 words
    • Article
      Lock icon Citigroup to pay US$2.65b to settle WorldCom claims
      420 17 NEW YORK Reuters CITIGROUP Inc's decision to settle lawsuits involving World Com Inc and set aside US$6.7 billion for pending legal bills may force other banks to take similar actions, hurting profit, analysts said. Without admitting wrongdoing, Citigroup said on Monday it
      Reuters  -  420 words
    • Article
      Lock icon JP Morgan combines Asia derivatives, credit units
      214 17 HONG KONG Bloomberg US BANK JP Morgan Chase Co is combining its Asia equity derivatives group with its credit and rates business in response to changing client needs as interest rates begin to rise globally. David Long will head the newly combined unit
      Bloomberg  -  214 words
    • Article, Illustration
      Lock icon Ex-CEO Welch slams opponents of offshoring
      461 18 NEW YORK Reuters JACK Welch, retired chief executive of General Electric Co, ridiculed suggestions that the weak jobs market in the US is a result of the movement of jobs abroad. "It is the dumbest argument ever put out," the 68-year-old Mr Welch told
      Reuters  -  461 words
    • Article
      Lock icon Buffett boosts bet against greenback to US$18b
      486 18 NEW YORK Berkshire has a US$600m currency loss in the first five weeks of Q2 Bloomberg BILLIONAIRE investor Warren BufiFett's Berkshire Hathaway increased its bet against the US dollar by about 64 per cent to US$lB billion in the first quarter. But five
      Bloomberg  -  486 words
Page thumbnail Page 16
  • Article
    Lock icon STOCKS ASIA
    4775 16 Transaction date: May 11 HONG KONG Vol HK Exchanges Clearing. .16.00 0.25 5070 HK$ '000 HKR Int'l 2.33 0.08 2533 Hong Kong Electric 32.70 0.60 5598 Aeon Credit 5.00 unch 88 Hongkong Chinese 0.96 0.01 846 Aeon Stores 5.15 -0.10 60 Hongkong Chinese Ltd 0.96 0.01 846 Alpha
    4,775 words
  • Article
    Lock icon KLSE
    2537 16 Transaction date: May 11 KUALA LUMPUR Sf^ ralSoil u lS! ,-,-,2 Vo l Genting 15.30 unch 1274 rm rooo) George Kent 0.85 0.01 81 Globetronics Tech 0.66 unch 0 A&M Realty 1.54 0 04 19 GlomacBhd... .2.79 -0.07 86 Abric .0.64 0.01 122 Gold Bridge Engrg 0.45 0.01 429
    2,537 words
  • Article
    Lock icon SGX
    846 16 Transaction date: May 11 Stodiname Wl O—« Omm| SudMm WW daw amy Allgreen SOc 0.30 0.985 -0 005 NOL 1.54 1.960 40.030 BIL Intl US20c 0.3? 0.715 OC8C 9.28 12.300 <0.300 Capitaland 1.00 1.350 -0.260 Partway H 25c 0.56 1.080 40.020 Chart SemtCood 26c 1.21 1.440 40 030 People
    846 words
  • Article
    Lock icon BONDS & WARRANTS
    746 16 BONDS WARRANTS Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Cod* Company Salt <-or ('000) Ratio hja ing Left 3779 ASL Marine HldgsW*****1 15 1 53 36 3.33 47 3696 ASTIW*****1 37 unch 46 1 16 -1 1.45 1 3697 Acma Ltd W*****6 j0.5 1 50 621 14.00
    746 words
  • Page 16 Advertisements
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      80 17 Call toll-free 1800 289 8822 g CHINA TOLL BRIDGES ROADS LIMITED Effective Date of Capital Reduction ANNOUNCEME NTT The Directors of China Toll Bridges Roads Limited (the "Company") is pleased to announce that pursuant to the resolution passed at the Special General Meeting of the Company on 10 May 2004
      80 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      1347 17 (Incorporated in Hong Kong with limited liability) Publication pursuant to section 25(2) of the Banking Act CONSOLIDATED PROFIT AND LOSS ACCOUNT CONSOLIDATED BALANCE SHEET for the year ended 31 December at 31 December 2003 2002 2003 2002 HKsm HKsm HKsm HKsm restated* restated* Interest income 12,846 14,960 Assets Interest expense
      1,347 words
Page thumbnail Page 18
  • Article
    Lock icon SGX MAINBOARD
    6872 18 SGXMAINBOARD Transaction date: May 11 S2-Wk Tal Last Vol Day Last Quote GrOtv Mv GrTM Nat MCap Htgh Low Coda C own) my Sala (*000) High Low fciyr S«*ar Cvr tit ink 57.9 32.9 5834 A-Sonic 38 +0 5 363 38 36.5 37.5 38 5 N9.7 0.7 13.5
    6,872 words
  • Article
    Lock icon SGX XTRAKET
    75 18 SGXXTRAMET S2-Wk Tel Lact Vol Day LastQuott GrOtv Dtv GrVId Net MCap MMi L—> Code Cmm Mo W- Q00) w# Low —ym s*r Cvr m $a 2060 2000 6065 Diamonds US2060 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 IS SSPSOO US8270
    75 words
  • Article
    Lock icon SGX SESDAQ
    1945 18 SGXSESDAQ U4Mi Tal Last Vol Day Last Quote GrWv Mv GrVId Mat MCap H# U» Cada Company Ma W- (TUB) HI# Low t»yar S«4r Cw Hi S3 26 10 5000 ABRHkJgsSt 13 13 15.5 25. 42 15 2101 APOiISc 29.5 +1.5 2 29.5 29.5 29 29.5 5 N9.1
    1,945 words
  • Article
    Lock icon CLOB INTERNATIONAL
    291 18 GLOB DTTERWATIOltAL 52-Wk Td LHt Vol Day UrtOwU GiOhr Uv GrTId Not MClp Wgh low Codo Company M* W- C000) MWi low My» U»m Cvr WI tw* S a«fl®£!r=j«S 5: I! ".IIR jj T j IK19S -0.5 2S1 20 19.5 19.5 20.5 39 276.8 6006 HKT€?l>Oc4bb HK580 *****04.5
    291 words
Page thumbnail Page 19
  • BT motoring
    • Article, Illustration
      Lock icon C&C to continue as sole Mercedes dealer
      569 19  -  BT exclusive Company is in talks with DaimlerChrysler to upgrade retail facilities, reports SAMUEL EE SAMUEL EE CYCLE Carriage will remain the exclusive agent for Mercedes-Benz cars and is in talks with manufacturer DaimlerChr ysler to possibly upgrade its retail facilities. "They have
      569 words
    • Article, Illustration
      Lock icon OneMotoring gets new look with $5m revamp
      465 19  -  It'll offer SMS ads, and Parf and COE rebate downloads By Samuel Ee THE Land Transport Authority this week relaunched the One Motoring website after a $5 million revamp. The portal, which provides vehicle ownership information and services, has been combined with the
      465 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    4282 19 UNIT TRUSTS FUNDS Com S'pore Bond Fund/* 1.097/ Credit Agrkole Asset Mgt S'pore Ltd ABM Amro Asset Mgt (S'pore) Indecam Asia Vision!** 1.007/1.058 5w£t*opeEqty!" 0 709/ OIS Asset Mgt Star Europe Bond 121/ Shenton Twm City 1 2V1.305 Star Ei»ope Bal 1.007/ japan Growth'' 0.855/0 895 Star Asian Tiger Eqty
    4,282 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      15 19 PIMCO Global Bond Fund rated 5-star by Mercer Investment Consulting Allianz (jjj) Dresdner Asset Management
      15 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      166 19 Gone In 5G minutes in IB: $130,000 car (SPH The Straits Times: May 3. 2004) Facts: An average of 2 vehicles are stolen every hour in Malaysia. The number of Singapore cars stolen in Malaysia is increasing every year. It will only take a few minutes for a thief to
      166 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      103 20 V> ■f 11 1 4Jr y£%Ssr v^ia^W^B^^^—l '*^iP^. §L Jp* r- -v* w s>£ < 1 fkiiivk; l£ SUBH^^flH^^- ;f MMHr isn»| vSWyi .hp'-' -^■■■®Nmms^^-*&-•• v'" < jHaßßps^'., y^ Mw-Kx&Tf A gr--,.- --•-■■X^.,, ?%^^^^a^il^MW %v 1 Kfcale.p-al' ihV j ;ST'^K I "kjfiiifslsß®? viZe*. "'""TZ^-.^^^^^Sbßß v «fSK^"f* s tff> wVjfjrypk r
      103 words
Page thumbnail Page 21
  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT RATES
      318 21 Reuters [TOKYO] Panamax dry bulk rates will be steady to soft this week due to the absence of Chinese demand for grains and minerals, the main force behind this year's record high freight rates. Shipping and trading sources believe the market is in for a long-term correction, although
      Reuters  -  318 words
    • Article
      Lock icon TRANSPORT STOCKS
      288 21 SGX '000 May 11 St W- Vol CH Offshore .037 0.01 3078 Chuan Hup .0.50 0.02 784 Cosco Investment 0.77 0.03 ***** CWT Distribution .0.51 a02 11 Ezra Hldgs -.098 0.02 239 Freight Links 0.11 unch 606 G8 Holdings- _..0.74 unch 8 Jaya Holdings 0.76 0.02 3244 K1
      288 words
    • Article, Illustration
      Lock icon Help in sight
      63 21 [SITKA, Alaska] A US Coast Guard Air Station Sitka Jay hawk helicopter arrives at the Alaska Marine Highway System ferry LeConte after the23s-foot vessel ran aground on Monday near Nismeni Point, 25 miles north of Sitka, Alaska. The ferry was carrying 86 passengers and 23 crew membersfrom
      AP  -  63 words
    • Article, Illustration
      Lock icon Thai lines cruise ahead with higher profits
      516 21  -  RCL earnings up 81% in Q1; Precious profit triples to record 626m baht By Beth Jinks [SINGAPORE] Strong first quarter performances boosted earnings for two Thai shipping lines, box feeder Regional Container Lines (RCL), and bulk carrier Precious Shipping. RCL said its net
      FILE PHOTO  -  516 words
    • Article
      Lock icon PTP sets world record for berth productivity per hour
      232 21  -  Beth Jinks [SINGAPORE] Malaysia's Port of Tanjung Pelepas (PTP) says it set a new world record for berth productivity yesterday with 340 moves an hour, loading and unloading the Maersk Sealand vessel AP Moeller. The Johor port said the achievement eclipsed
      232 words
    • Article
      Lock icon Kuwait port security tightened after threats
      143 21 Xinhua [KUWAIT CITY] Kuwait has beefed up security at seaports after receiving terrorist threats against the facilities, said Kuwaiti daily Arab Times. "Two or three weeks ago, the Interior Ministry informed us of strong indications of threats to the Kuwaiti ports in general, so
      Xinhua  -  143 words
    • Article
      Lock icon P&O box volume up 30% in Q1; ferry traffic drops
      173 21 Bloomberg [LONDON] Peninsular Oriental Steam Navigation (P&O), the UK port, ferry and logistics company, said the number of containers handled at its ports in the first quarter rose 30 per cent, boosted by growth in Asia. Container numbers rose to
      Bloomberg  -  173 words
    • Article
      Lock icon AP Moeller's Iraqi port contract set to end
      231 21 Bloomberg [LONDON] AP MoellerMaersk's five-year contract to operate Iraq's southern port of Khor A 1 Zubair wiU end when the US-led Coalition Provisional Authority hands over power to Iraqi officials on June 30. AP MoeUer-Maersk, the world's largest container carrier, won the
      Bloomberg  -  231 words
    • Article, Illustration
      Lock icon Cape Africa saga calls for IACS transparency code
      1025 22  -  By David Hughes AS I write this, a salvage team is struggling to remove the fuel oil from a very large, damaged bulk carrier, the Cape Africa, which is wallowing in heavy seas some 160 km west of Cape Town, South Africa.
      AFP  -  1,025 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      190 22 PAGE Alianca 3 AAL 5 Avant 6 Bank Line 4 B'tang Mas 5 BSA 4 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 6 ESP
      190 words
    • Article
      Lock icon SHIPPING GUIDE
      12484 27 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 09/06 05/07 NYK CAP FRIO 402S 65-*****123 To ABIDJAN (ABJ) 2003 Cot* D'lvoire mimim"-""' nr»°ram«f 11 nnnnnnnnnmiiinininn' 20/05 29/06 China Shpg
      12,484 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        585 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ATERMON E459 J7/8 A/SIDE 12/05 1500 BAYSWATER228 E4117 13 A/SIDE 12/05 0200 CARINVENTURE 062 J8/9 A/SIDE 12/05 2300 ELEGANT PESC 19 J5 A/SIDE 12/05 1800 NY 4 004 J15/16 A/SIDE 12/05 1000 PNSTAR 11E4P J2 A/SIDE 12/05 0030 AMR-TA
        585 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1737 29 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ABU DHABI C294W C294W 1 15/05/2004-15:00 16/05/2004-Mar-30 ACX ULAC 065N 065N 1 15/05/2004-15:00 16/05/2004-3:00 ADDIRIYAH MN63 MN63 1 15/05/2004-12:00 16/05/2004-2:00 AKINAPA BR 11E 11E 1 13/05/2004-03:00 13/05/2004-13:00 P06 AKSOV TRUVA
        1,737 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
        822 29 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
        822 words
      • Article
        Lock icon VERITAS BUHKER QUALITY REPORT
        620 29 Carbon 180 Max 989.7 0.6 14.9 0.06 38 0.04 May 6 Density Water Residue AshAluminium Sediment No above E25 0 0 0 0 0 0 TTT: 380 Ave 986.6 0.2 13.7 0.05 26 0.02 380 Max 994.4 0.7 17.8 0.07 66 0.05 K6/W3 v/v M/M M/M
        620 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Qantas to introduce surcharge to cover soaring fuel prices
        312 30 Air NZ also actively considering it AP [SYDNEY] Australian flag carrier Qantas said yesterday it will slap a surcharge on all of its tickets to help cover the soaring price of jet fuel. The surcharge will be As 6 (557.2) per
        AP  -  312 words
      • Article, Illustration
        Lock icon Big airlines' cheap tactics won't stop budget carriers
        696 30 They will not be able to match low-cost airlines on price over sustained period AFP [SINGAPORE] Major airlines have signalled their intent to try to subdue Asia's growing fleet of low-cost carriers by drastically slashing fares in recent weeks but the budget
        AFP; FILE PHOTO  -  696 words
      • Article
        Lock icon New Teheran airport to reopen as govt backs down: report
        266 30 AFP, Reuters [TEHERAN] Teheran's new airport looked set to reopen yesterday, three days after being abruptly closed by the army on its first day of operation in a dispute over the operating company. "The airport has not been reopened yet,"
        AFP,; Reuters  -  266 words
      • Article
        Lock icon EU air treaties with US at risk: de Palacio
        338 30 Reuters [WASHINGTON] The United States must show a willingness now to grant foreign airlines and overseas investors much greater access or risk action by the European Union to cancel crucial aviation treaties, EU Transport Commissioner Loyola de Palacio said. "You can't
        Reuters  -  338 words
      • Article
        Lock icon Air France, KLM see higher April traffic
        230 30 AP [PARIS] Merging carriers Air France and KLM Royal Dutch Airlines said yesterday their combined passenger traffic jumped 19.5 per cent in April from a year earlier, calling it a "good activity level". In a statement, the pair, combining to form the world's
        AP  -  230 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2187 30 OTT FLIGHT n* FUGHT £TP A***** 1805 SOUS 1900 MalaMa BA7381 1840 LH9T70 2300 SOW 2230 A***** 1915 LH9771 1840 $0229 2300 Dttroit WWII 0105 HW12 0615 J*" ">*» $0435 05S0 8C85 1745 ZZ KM IB $0436 2030 Amsterdam S023 0605 KL836 2255 Data 0B638 1130
        2,187 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      16 21 Big airlines' cheap tactics won't stop budget JS carriers jfKjjj BACKPAGE cccs> a e e L
      16 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      653 21 Far Eastern Freight Conference Business Plan 2004 Further to their announcement dated 29th October 2003, Member Lines of the FEFC wish to up-date customers on the FEFC Business Plan 2004. In the westbound trades, container volumes in the first quarter 2004 have increased around 18% over the same period 2003
      653 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      891 22 L lL 1 1 I,.al.JililliLH cJv 1 ffrjsjßJ lyl I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS i VESSEL VOY PKG |BA WU 10HG REACH| DALLAS HOUSTON MEMPHIS CHICAGO MIW TO AUSTRALIA (AUBTRAUA ASIA EXPRESS) LOS ANGELES EXPRESS 05E20 11/05 12/05 28/05 02/06 04/06 02/06 02/06 05/06 ygsSEL
      891 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      567 22 Lines services represented by Members of the Registry of ccrec l Shipping Agents, Ngut 3/ Singopore Shipping Association Members of Hie Singapore Logistics Association |B ULY LINE MALE /vessel voy eta ha eta P. KLAHG SPORE WALE Maid Star 548 12/05 15/05 24/05 Kota Teroju TRJOBI 27/05 07/06 ULY MARINE
      567 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      802 23 MOi Combines <T a range of shipping modes to ensure timely, reliable services covering major ports in j) Norm America, Europe, Japan, Asia, Africa Oceania. Also accapt htra-Aski Cargots to: SUSAN KWANGYANG SHANGHAI YANIUN XIAMEN QMGDAO BEUWAN/JAKARTA SURABAYA KAOHSIUNC BANGKOK LAEM CHABAM6 IWCWMMMN PASIR GUDANG PENANG PORT KHANC For Schedules,
      802 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      1640 23 ADDITIONAL NEW WEEKLY *ADX* SERVICE TO EAST MEDITERRANEAN ON EVERY FRIDAY WITH EFFECT FROM MING SKY V.OOOIW ETA SIN: 02/04/2004 CO STAR* SHIPPING PTE LTD 01 OUWAMWU "'S" M: "Ss'/n SINGAPOM TO ISTAMUI -IS DAYS SfiSSßSluw SRS"" SSSB !iSOi:a I swoAroKtoTHESSAiaiiia -hdays JOHOR'S OfFKI: CONVENTIONAL *****850 *****20$ I SINGAPORE TO
      1,640 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 3
      601 23 YESSa VOY SIM JKT HKgTkHhThT KYH PUS YESSEL VOY SIN JKT SUB HKgHsN PUS INC HY VLADIVOSTOK I4IS 12/5 15/5 19/5 21/5 24/5 26/5 24/5 KMTC KEELUNG 407S 14/5 19/5 20/5 25/51 29/5 30/5 1/4 HYPfOGKESS 078S 18/5 19/5 22/5 24/5 28/5 31/5 2/4 KMTC SINGAPORE 407S 23/5 24/5 27/5
      601 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      2418 24 WAN HAJ INTERNATIONAL PIE LID CK NO: 14M*****00/I W\WAN HAI LINES /blOU^OL^cm^M 6 2 2 2261 ?oo V V iIHII I it%w Lll™!■ J nanL(issumfaimismswwilimitmwohcl(mibmim V JOH IB: 107) 2511T0 Ml (********** 5U* IB: (0)1) *****75 MX: Oil) 32*2714/ 32*1305 www wanhai com in JKTm:|o:i| 52S41HMX.mi)S2S47nPUIlH: 71U10/71UI1 MX:*****1 •tPni.n •,«!>71>3ML|0t1)415»W5,'4142W
      2,418 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      681 24 MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEI VOY SIN PKI PEN PGU PAGAN 328W SID HPA-AN 320W SLO SID IN MAUYSIA: IOUSTEAD SHIPPING AGENCIES KUI: 03-*****300 PKL 03-*****101 PEN: 04-*****02 A 1 ACCEPTING CONVENTIONAL CBO VESSEI VOY HKG SIN PGU PKI KUC SUNNY HEART 54 SU)
      681 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      1397 25 VESSEL VOY SIN PKL PXB BAB DMM 81K CHABAHAR IKHORRAMSHAHR IRAN TEHRAN PCL36B 16/05 SKIP 23/05 26/05 02/06 04/06 06/06 ***** IRAN SATTARI PCIBO3I 21/05 22/05 30/05 31/05 08/06 10/06 12/06 14/06 IRANSHAHRYAR 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 23/06
      1,397 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      490 25 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 VTC STAR DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/JDH/AQA J SAFE DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for SPLIT C AM/NOL/N FK/SAV/TPC FALCON TRAVELLER VCW/LAX/M2L 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S
      490 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 3
      643 25 VB?ft VQT JjH PGU VKM ypY SIM it" "paHaSa IS i&Sr! 13 s MAIAftAMI EXP Mi IQ/Q5 n/os j*"°* liM_ Al AM I ATA 7 USA 16/ os 19/ os I" '0/05 PAC lIKTiM sm 20/02 22/0S W >AHPA Ulfiß 17/05 17/05 ALAMJAYA2 M 97 23/05 25/05 lAHPA 121 IN
      643 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      662 26 ■mini TIGER WAVE 186N 16-16/05 22-23/05 29-30/05 I TIGER PEARL 187N 18-19/05 26-27/05 01-02/06 TIGER SKY 188N 22-23/05 29 30/05 05-06/06 HHH TIGER SEA 189N 25-26/05 02-03/06 08-09/06 TIGER WAVE 190H 29-30/05 054)6/06 1 2-13/06 1 DALIAN ■ffPBWBxPRESLHOTSE 601 16-17/05 23-25/05 03 04/06 1 BUIUILBj BALSAM 155 23-24/05 31-02/06 10-11/06
      662 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 2
      749 26 FREIGHT LINKS EXPRESS PTK,LTI>» jmmt Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 TBB T* E-mail: flesin@singnet.com.sg 'j c LATIST LCL SIIIVICK TO BASRA, IRAQ LCL SIRVICI TO CHINA XIAMEN QINGDAO FUZHOU YANTAI PLS CALL FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569/5553 PROJECT er HEAVY LI FT CARGO Lawrence Lim 6267
      749 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 3
      209 26 PSM PANCON SMPPMG MAMNE SERVICES HI HH I 1 Sam tai #20-07 Shm Can *****1 M*a**ss»i*u«)Facmaua an«inn«oooo* te^s|u7{»i»7i3!Ks3^M(/co^^^^^^^^ «ssa [WW rare Imt vot I ma m GOUXNSTW IW3A 15/05/2004 WD IM3NA U/05/2004 'Ml «X*N STM jt%s/2b04" SUN IfMN 17/05/2004' MCM GOUXNSTA* 1945S 17/05/2004* MON IHSM '11/05/1004' 1U &OLbO<ru* 'IMS —TVSS7JSO4'
      209 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 4
      1200 26 I\WT% 7l i O, Spor» A0W1IS: lAL SlriplZi^lll^r(S^>t^»7 >B 7arNOrr6SS693OOOOZ) I crnterasia JLines M VBSa I VOT OSK I KOI j S«2 j TTO TOK HKC PW. SOT I TMOf ETfIWTY SOTO 02/05 03/05 04/05 05/05 06/05 10/05 14/05 16/05 TRADE ETCtHITY NO7O 14/05 16/05 20/05 24/05 24/05 25/05 26/05
      1,200 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 5
      172 26 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI I VESSEL VOYAGE ETA SIHUPOM ETA KARAOjj I Qiilral »f substitute 020HW ,05-10/06/04 15/06/04 <**4 >**■■■ SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood «17-07/08 Apax Tower, Singapore *****5 Telephone: 6270 0977 \l| Facsimile: 6275 2309 Telex: RS ***** SEAPAC DIRECT SIN
      172 words
Page thumbnail Page 27
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      124 29 5 FOR 7AM 12 May 2004 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day *One full fleche represents 10 knots x Hazy A
      124 words
Page thumbnail Page 30