The Business Times, 17 May 2004
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2004-05-17
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The Business Times
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Title Section15 2004-05-17 1 MITA (P) 023/03/2004 85C THE BUSINESS TIMES SINGAPORE MONDAY, MAY 17, 2004 Init ap://business-times.asial .com.sg15 words
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Article, Illustration789 2004-05-17 1 Siow Li Sen - BT exclusive 'I have to think of UOB in the next 10, 20 years,'says veteran banker By Siow Li Sen [SINGAPORE] "Frankly, banking remains closest to my heart." The obviously heartfelt declaration comes from the 75-year-old doyen of Singapore banking,789 words
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Article60 2004-05-17 1 Week Change ST1 1754.96 -88.76 KLSECOMP 793.97 -41.40 NIKKEI 225 *****.63 -589.19 HANG SENG *****.86 -633.90 SET INDEX 609.72 -27.08 JAKARTA COMP ...722.71 -20.92 MANILA COMP ...1521.61 -33.08 TAIPEI WPI 5777.32 -262.94 SEOrLCOMP 768.46 -70.28 SHENZHEN B 249.12 +4.49 AUSTALLORD .3366.80 -34.40 DOW JONES .....*****.87 -104.47 NASDAQ 1904.25 -13.7160 words
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Article75 2004-05-17 1 FOREX RATES US$ S$ I'SS (SS per I'SS) 1.728 £(1'SS/SS per X) 1.757 3.034 ei:ro(i:ss/ss/e) l.isi 2.040 YEN 114.6 66.30 RM 3.800 2.200 HK$ 7.800 4.515 BAHT 40 94 23.70 Rl'PIAH 9,035 5.230 RENMINBI 8.299 4.804 INDIAN Rl'PEE45.45 26.31 AS 1.457 0.843 NZS 1.667 0.965 PRIME RATES SINGAPORE 5i575 words
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488 2004-05-17 1 Loh Hui Yin - Some overheating is better than none, says chief From Loh Hui Yin in Shanghai PROPERTY developer Capita Land, far from being put off by the overheated property market in China, is pushing ahead with more investments here. Its chief executive, Liew Mun488 words
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Article1214 2004-05-17 1 Anna Too - Anecdotal and official data points to a growing trend of contract hiring in S'pore By Anna Too [SINGAPORE] In his new book, Re-imag-ine!, management guru Tom Peters describes a company with just six people on the permanent payroll, including the CEO and CFO, and the1,214 words
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Page 1 Advertisements
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Advertisement61 2004-05-17 1 p s WSF jl W 1, LESSONS FROM LAS VEGAS Should Singapore plump for the super-casino model of Las Vegas 9 Vikram Khanna. who travelled extensively to research the gaming industry there recently, weighs the pros and cons. PAGE 7 s* m V -V'.'-jr 7? rJ(10 y ,-v" ft Csjr61 words
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628 2004-05-17 2 Anthony Rowley - This will be a logical outcome of moves towards financial closeness From Anthony Rowley in Jeju, South Korea WITH economic integration in East Asia speeding up through a series of free trade and investment agreements, the question of a common currency for the628 words
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Article, Illustration765 2004-05-17 2 vikram khanna - BT comment ECONOMICS vikram khanna AS HAS been its habit from time to time, India's electorate has surprised just about everyone. It has surprised those who lost; the BJP-led coalition that has just been voted out sincerely believed in the message of its slick electionAFP - 765 words
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Page 2 Advertisements
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Advertisement146 2004-05-17 2 Executive MBA 10th Intake starting June 2004 I *I of 296 institutions across the globe accredited at both the undergraduate and graduate levels" Why choose the SIUC Executive MBA Program: wS 11 up-to-date courses; Completion in 18 months g -J-?. Internationally Accredited by AACSB and NCACS, USA fe JL', H146 words
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Advertisement59 2004-05-17 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:59 words
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Advertisement330 2004-05-17 2 Call toll-free 1800 289 8822 In The Matter of The Companies Act (Chapter 50) And In The Matter of T2MAIL PTE LTD (Incorporated In The Republic Of Singapore) (In Members' Voluntary Liquidation) NOTICE OF FINAI MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.330 words
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SINGAPORE companies
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648 2004-05-17 3 Ven Sreenivasan - NEWS analysis Australian property developer may be a takeover target By Ven Sreenivasan AUSTRALIAN residential property developer AV Jennings will be announcing its results for the year ended March 2004 early next week. The Sydney-listed and Clob-quoted company announced a 91 per cent648 words
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Article, Illustration790 2004-05-17 3 wong wei kong - HOCK lock siew wong wei kong JUST what does Oei Hong Leong see in Informatics Holdings? Last week on Wednesday, the tycoon surprised the market when he raised his stake in the troubled education services provider to 8.29 per cent from 2.79 per cent. Mr Oei,FILE PHOTO - 790 words
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Article, Illustration316 2004-05-17 4 Chen Huifen - Hospital admissions up 13.6% as international marketing pays off By Chen Huifen RAFFLES Medical Group's net profit for the first quarter ended March 31 rose 9.1 per cent to $2.2 million from a year ago due to higher hospital admissions andFILE PHOTO - 316 words
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233 2004-05-17 4 Angela Tan - Move renews concerns over its debt restructuring By Angela Tan L&M Group Investments has called off its planned placement of up to one billion new ordinary shares due to poor market conditions, renewing concerns over further glitches to its debt restructuring. Over the weekend,233 words
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243 2004-05-17 4 Denis Distant Singapore - MAIL bag Denis Distant Singapore NOW that the AGM season has ended, it is time to reflect on the matter. This year, all listed companies with a Dec 31 financial year-end were required to hold their annual general meetings by April 30,2004 instead243 words
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Article, Illustration416 2004-05-17 4 Chen Huifen - By Chen Huifen DBS Bank is best in Singapore while Standard Chartered Bank is tops in Asia, according to magazine publisher The Asian Banker. DBS won the Best Retail Bank in Singapore 2003 award and Stanchart, the Best Retail Bank in Asia 2003FILE PHOTOS - 416 words
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Page 3 Advertisements
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Advertisement399 2004-05-17 3 ADJUSTMENT TO THE CONVERSION PRICE OF CAPITALAND UMITED'S *****,000,000 5 s PER CENT. CONVERTIBLE BONDS DUE 2007 The Board of Directors (the "Board") of Capita Land Limited ("CapitaLand") refers to the £>$380,000,000 per cent. Convertible Bonds due 2007 (the "Bonds") issued by Capita Land and the announcement dated 6 February399 words
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Advertisement31 2004-05-17 3 We've made a haul! tfgil) Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices©sph.com.sg to book your advertisement in our newspapers now.31 words
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Advertisement972 2004-05-17 3 1800 289 8822/" notices»sph.com.sg I— 1 IN THE MATTER Of THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF (1) 0.1. Y. RENOVATIONS PTE LTD. (Company No *****0083 C) (2) l/NPL PTE LTD (Company No. **********) (In Creditors' Voluntary Liquidation) TAKE NOTICE that a meeting of the credrtors m972 words
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Advertisement1869 2004-05-17 3 CHB CHOHUNG BANK (INCORPORATED IN THE REPUBLIC OF KOREA) CONSOLIDATED BALANCE SHEETS INDEPENDENT PUBLIC ACCOUNTANTS' December 31,2002 and 2003 REPORT 2002 2003 To the Shareholders and Board of Directors of Chohung Bank: Millions of Millions of Korean Won Korean Won behave audited consolidated balance sheets of Chohung Bank (the Hank)1,869 words
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Page 4 Advertisements
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Advertisement320 2004-05-17 4 Fax your letters to 6319-*****r email them to btletter9sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear In mind libellaws. We reserve the right320 words
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Advertisement33 2004-05-17 4 I Lianhe Zaobao f| I Largest I I batch of Chinese I I technology I I firmSto seek! I listing I I here I I /f#fyifc±7fritt I I (PBS* I I ftft&Jk&H* I33 words
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Advertisement6 2004-05-17 4 Private Banking since 1841 TheßusinessTimes SINGAPORE6 words
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SINGAPORE markets
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Article, Illustration1071 2004-05-17 5 teh tooi ling - BT portfolio STOCKS teh tooi ling §TOCKS continued to be pummelled last week, resulting in the Straits Times Index falling by a sharp 4.8 per cent. Four of our portfolios managed to fare better than the STI. The one-year top losers portfolio appeared to be1,071 words
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Article, Illustration294 2004-05-17 5 Ven Sreenivasan - HOT STOCK WARRANT By Ven Sreenivasan SOFA-MAKER HTL International continues to power ahead with strong growth, thanks to improving economies of scale, efficiency gains and strong market growth. The company has just reported a 52 per cent surge in first quarter earnings toSource: Bloomberg - 294 words
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1223 2004-05-17 5 ROBERT HALILI - INSIDE MARKETS Buyers outnumber sellers in every trading category in past week, reports ROBERT HALILI ROBERT HALILI DIRECTORS and substantial shareholders remained positive on the market with buyers outnumbering sellers in every trading category in the second week of May. A total of1,223 words
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Article, Illustration416 2004-05-17 6 r. sivanithy - BT comment STOCKS r. sivanithy Thou this Composite Index, 12 per cent for the Jakarta Composite, 18 per cent for the Taiwan Stock Exchange Weighted Index and 18 per cent for the Korean Composite. The average loss in other regional markets has therefore been416 words
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Article69 2004-05-17 6 Events investors can watch out for HTL Mgt's Bonus Issue, ex-date, May 19 Easyknlt's Rights Issue, ex-date, May 21 China Food's dividend payment, May 18 CHT Hldgs' dividend payment, May 18 Great Eastern's dividend payment, May 18 HL Fin's dividend payment, May 18 Hotel Plaza's dividend payment, May69 words
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463 2004-05-17 6 AFP [HONG KONG] Asia's key currencies fell to their lowest levels in months amid speculation that the US Federal Reserve would raise interest rates. Japanese yen: The yen plunged to an eight-month low against the dollar amid weaker prospects forAFP - 463 words
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Article, Illustration1606 2004-05-17 6 The stock recommendation is the average of all the recom- Number fore cast Median mendations submitted by analysts following the stock. There recommendation of EPS PE Target is a total of 29 brokers submitting recommendations but not COMPANY This Week/last Week Estimates (times) every stock is followed by1,606 words
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Article1435 2004-05-17 6 Paymat En taota Pay Payment b Koto Pay ISA M dm* ML fcM dm* date Aberdeen IQpence I UK2 19War 2*4% 13 Ui Metal Comp 10c b 025 04May 074% 184% **»anA«i»10c b 12TE 134% inn 314% Midas 8c 150 174% 20 May 314% AqyaCorpUSHc F US0731A 074%1,435 words
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FOCUS casions
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Article, Illustration1120 2004-05-17 7 VIKRAM KHANNA - VIKRAM KHANNA looks at the bountiful spinoffs that the resort and gaming industry has reaped for the city and Nevada's state coffers VIKRAM KHANNA HE super-casino is W to tourism what the HI Pentium chip is to technology," said H Glenn Schaffer, H president of Circus1,120 words
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Article, Illustration718 2004-05-17 7 Vikram Khanna - By Vikram Khanna MANY of those who object to Singapore or any place opening up to casinos (or who want such establishments confined to tourists) do so on the grounds that this would accelerate "problem gambling". They fear that individuals would become pathological gambling718 words
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SINGAPORE news
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Article, Illustration601 2004-05-17 8 Joyce Koh - Most stand-alone factoring companies have been absorbed into bigger entities By Joyce Koh IT'S a fact. The factoring industry here is seeing fewer and bigger players as the market for its financing services becomes more integrated. Players say that compared with three yearsCHRIS LOH - 601 words
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Article290 2004-05-17 8 It's the first such accord with Middle-East country SINGAPORE yesterday signed a free trade agreement (FTA) and a bilateral investment treaty (BIT) with Jordan, sealing its first FTA with a country in the Middle East. "This agreement is a milestone in our relationship with Jordan290 words
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Article, Illustration555 2004-05-17 8 Chen Huifen - Consumers and businesses here are too conservative By Chen Huifen TO survive as an entrepreneur in Hong Kong, you have to be a jaguar. In China, you have to be a fox. But in Singapore? "In Singapore, you don't want to be the555 words
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Page 8 Advertisements
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Advertisement103 2004-05-17 8 s v... I 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 Cry Revised Edition), with three years of audited statements. f/' Nomination forms are available at: Enterprise 50 Secretariat, c/o103 words
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Advertisement426 2004-05-17 8 Mhnertbe call toll-fret 1800 289 8822 Email: aotices@sph.com.sg LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid: KEPPEL CORPORATION LIMITED Certificate No. Name Mil Omm *****42 THE KONG SWEE Ix 250 *****71 -do- 1 x 62 DELGRO CORPORATION LIMITED (Now known as ComfortDelGro Corporation Limited)426 words
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Advertisement196 2004-05-17 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ONG (MONEY BROKERS) HOLDING PRIVATE LIMITED (IN LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed196 words
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Advertisement346 2004-05-17 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CLOVILLE INVESTMENTS PTE LTD (IN MEMBERS' VOLUNTARY UQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the abovenamed Company will346 words
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Advertisement345 2004-05-17 8 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF CAULFIELD INVESTMENTS PTE. LTD. (IN 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 the abovenamed Company will345 words
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REGIONAL news
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Article, Illustration394 2004-05-17 9 Economic board chief sees 1-point drop in this year's forecast to 6% AFP, Bloomberg [BANGKOK] Thailand's ambitions for economic expansion of at least 7 per cent in 2004 are at risk from rising oil prices, which could cut the growth rate toAFP,; Bloomberg; AFP - 394 words
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448 2004-05-17 9 BANGKOK Chances of bid have improved after rival offer rejected AP, Bloomberg THAILAND'S prime minister said yesterday he expected Britain's Liverpool soccer club to make a decision on his bid for a stake in the team by this evening. Thaksin Shinawatra said on FridayAP,; Bloomberg - 448 words
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Article, Illustration554 2004-05-17 9 HONG KONG Reuters HONGKONG and Shanghai Banking Corp Ltd said yesterday that it expected the mass residential market in Hong Kong to grow steadily, despite credit curbs in mainland China and a potential rise in interest rates. However, David Eldon, chairman ofReuters; FILE PHOTO - 554 words
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Article, Illustration337 2004-05-17 9 MANILA Opposition front-runner claims widespread vote cheating AP, Bloomberg PRESIDENT Gloria Macapagal Arroyo widened her lead yesterday over opposition front-runner Fernando Poe Jr in an independent count of votes from last week's national elections, but Mr Poe's party claimed to be gathering evidenceAP,; Bloomberg; AFP - 337 words
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Article87 2004-05-17 9 JEJU, South Korea Bloomberg THE Philippines may have to cut its 4.8 per cent economic growth forecast for 2004 because of rising oil prices, Finance Secretary Juanita Amatong said. "Because of oil prices, we'll have to revise down the growth forecast a little bit," sheBloomberg - 87 words
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Article, Illustration673 2004-05-17 10 JEJU, South Korea Measures in place will ensure a soft landing, say ministers Reuters Reuters, Bloomberg CHINA reassured Asia on Saturday its racing economy would slow without crashing, making some of its strongest and most confident comments yet on a subject that has unnervedReuters; Reuters, Bloomberg; AP - 673 words
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Article, Illustration428 2004-05-17 10 NEW DELHI Singh says working with communists will be no problem AFP WHEN India's share markets went into a tailspin last week after the opposition Congress Party scored an upset electoral win, the party wheeled out its trump card to sootheAFP - 428 words
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Kidnap insurance for rich Chinese
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349 2004-05-17 10 JEJU, South Korea AP, AFP DESPITE rapid growth in recent years, Asian economies remain vulnerable to surging global oil prices, slackening regional financial reforms and an expected shortfall in funding for building roads and other infrastructure, the Asian Development Bank's (ADB) president saidAP,; AFP - 349 words
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Page 9 Advertisements
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Advertisement159 2004-05-17 9 WWWWMWWMP— v J y V J 4-jZL Yes! I want to subscribe to the BT Weekend edition for 12 months at $53. !*f Simply mail in or fax this form to 6744-4875 or call 6388-3838 now! ft IS Name (Dr/Mr/Mrs/Ms) Sex:M/F jf# if Delivery Address: Postal Code: Date of Birth:159 words
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Page 10 Advertisements
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Advertisement259 2004-05-17 10 HZ U tic "■tor XjjLf HR professionals say Curtin University of MBw no '°9y is re P uta b' e curriculum, citing their positive experience with Curtin's graduates. Source: A questionnaire conducted by SHRI on HR practitioners' views on educational qualifications. Master of Commerce (Management) Managerial Leadership, Electronic Commerce, Global259 words
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Advertisement71 2004-05-17 10 1 hv Mtirinn fii\trn\ \ti\i I'm/am; /iroiiioiinn... ...lias sonic irresistible treats in store tor \ou. sampling of the delights available includes beef" rend ant;, iniitton currx. sanibal petai. sanihal gorenj; and savur lodeli. u r m I From \\ailable weekdays for lunch. Promotion on (ill 31 Max. R A f71 words
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Advertisement32 2004-05-17 10 ■808 operation hours 1 200hrs to 1430hrs 1800hrs to 2300hrs for dining reservation tel 6333 1 788 email ran9mahal@hind.com.s9 The Pan Pacific Hotel Level 3 7 Raffles Boulevard Marina Square Singapore *****532 words
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Advertisement32 2004-05-17 10 f 1 I SI i v k. ■m* :<y 1,-ii, U m S I liV,i.ihu-i THK BI SIM-SSTIMKS HI, I iv, uli HHI hi 11 li it H )<) r, ■> 111, r\ i.tliv32 words
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Advertisement50 2004-05-17 10 MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes rT~ to leave you spoilt for choice. Reservations: 6831 6271/72 melutus MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.50 words
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FOCUS education
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Article, Illustration1140 2004-05-17 11 The US has been outpacing nearly everybody in higher education, but European universities are waking up to the challenge NYT No doubt Max Weber, the founder of modern sociology, walked along the leafy Philosopher's Way above the Neckar River in Heidelberg, home of the universityNYT; AFP FILE PHOTO - 1,140 words
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Article, Illustration978 2004-05-17 11 FINANCE COMMODITIES Week ended: May 14 PRIME LBTDIMQ RATES BANKS Credit Suisse S'pore 5 ABN Amro Bank NV 5.25 °exia Banque Intl A ABSA Bank Limited 5.5 Luxembourg 6 Agricultural Bank Of China 5.5 Deutsche Bank AG 5.5 ANZ Banking Group 6 DBS Bank 4.25 American Express Bank 5 Dresdner978 words
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1081 2004-05-17 11 COMMODITY WeeklyRoundup AFP [LONDON] Oil prices rocketed to record high levels in New York last week, with traders increasingly nervous about the prospect of further attacks in the Middle East and low inventories of US petrol. New York's main crudeAFP - 1,081 words
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WORLD news
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694 2004-05-17 12 ATLANTA Investors not baying advice that initial hike won't lead to bear market LAT-WP Bloomberg Bloomberg AS investors await the widely predicted interest rate increase, they alternate between bouts of selling and buying ignoring Wall Street's best efforts to steadyLAT-WP Bloomberg; Bloomberg - 694 words
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Article, Illustration555 2004-05-17 12 SOUTHERN SHUNEH, Jordan AP, Reuters, Bloomberg FLUCTUATING oil prices should not cause alarm even though they are a key source of global instability, participants in a round-table discussion of economic issues said on Saturday at the World Economic Forum (WEF). BenchmarkAP,; Reuters,; Bloomberg - 555 words
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250 2004-05-17 12 NEW YORK Bloomberg ORACLE Corp has cut its hostile takeover bid for software maker People Soft Inc by 19 per cent to US$7.7 billion, citing a fall in the latter's share price. The new offer of US$2l a shareBloomberg - 250 words
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394 2004-05-17 12 WASHINGTON Reuters US federal regulators on Friday warned big US banks and securities firms to be careful when striking Enron-type deals that led to big fines last year. "Financial institutions must conduct their operations in compliance with applicable laws and regulations, and institutionsReuters - 394 words
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496 2004-05-17 13 MELBOURNE It rejects A$2b offer from Tabcorp as inadequate Reuters INVESTORS who were expecting a quick end to the bidding war for Australian betting company Tab Ltd will have to wait. Yesterday, the wagering group rejected a A 52.07 billion (552.5 billion) offerReuters - 496 words
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Article, Illustration423 2004-05-17 13 NEW YORK Portfolio comprises property and Treasury notes Bloomberg US President George W Bush has reported assets worth as much as US$lB.9 million as at end-2003, down from US$2l.4 million a year earlier. A financial disclosure statement he filed, as requiredBloomberg; FILE PHOTO - 423 words
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Texas inquiry summons Nortel documents
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Indian tribes nearing California bond deal
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HP to reimburse Canada C$146m over bogus bills
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Article, Illustration431 2004-05-17 13 It says Pentagon intelligence chief drew up secret plan AFP [WASHINGTON] US Defence Secretary Donald Rumsfeld approved a secret programme that encouraged interrogation methods used at Abu Ghraib prison, where Iraqi prisoners were abused, The New Yorker magazine reported on Saturday. Mr Rumsfeld hadAFP; REUTERS - 431 words
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244 2004-05-17 14 NEW YORK They defrauded banks by obtaining loam for sham deals and laundered money Reuters FIVE New Jersey-based metals traders were convicted last week in a US$7OO million international scheme to defraud banks. A federal jury convicted Henry Chu, Josielynn Salumbides, NainaReuters - 244 words
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266 2004-05-17 14 NEW YORK Commission refutes allegations by investors Bloomberg THE US Commodity Futures Trading Commission (CFTC) has found no evidence of manipulation of silver futures prices, as alleged by some investors. The commission has received more than 500 letters and e-mails that alleged a handful ofBloomberg - 266 words
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Article1614 2004-05-17 12 SICOM FUTURES May 14 RUB8ER Futures (Closing prices) RSS 1(S cents/kg) dote Volume Opm Month High Low Sett (tonnes) Interest .ton 04 235.75 Jul 04 233.25 Aug 04 233.75 S«p 04 232.75 Oct/Dec 04 232.75 Jan/Mar 05 234.50 RSS 3 (us centsAg) Volume Open Month High Low Sttt (tonnes)1,614 words
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Article624 2004-05-17 13 Week ended: May 14 imt m Oam On «i ftmktmm Of *31 ft*6 HOI 2«0 *®W WltneiTUOc 0* 0-710 *0006 OCBC *J0 J^® 0 GwiuLand 0*7 '-»> -OtOO PartMayHSc 011 1.070 4L0W Ov«nWi4Cond2tc >10 1*0 0.010 f*ootoifoodMKSfc Ml 1*C0 .0040 GivDwVk. -0 150 SGXlc \n 1*» ClirtortOrtyoac 1« UIO624 words
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Article844 2004-05-17 13 BONDS WARRANTS Prom Expiry Tal Last Vol Con* E*«f Dte Gmt- Mths Cod* Company Sol. +«r- (000) mtfo Wa i"B Uft 3779 ASL Marine HkJgsW*****1 14.5 -1 168 1 53 39 3.34 47 3698 ASTIW*****1 35 -5 98 1 16 -1 147 1 3697 Acma Ltd W*****6 .0.5 1 50844 words
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Article279 2004-05-17 14 vol WMk Last Quote CfOi* W» GrYM MM MCap «tgh low Code Company S*t *4- fOOO) *9* low fc»y» jjjg SnS 221 ,u w 214 209 205 209 210 7 i 2 4»:! 6002 Cheung KongS0c "Z..." .lHK17t0 2 51 21 941 4O09 J64 95 60 222 °5?J^s279 words
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Page 14 Miscellaneous
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Miscellaneous222 2004-05-17 14 CRYPTIC CROSSWORD 30 AH the junketing bores a di- 8 Prof ss^ al YESTERDAYS SOLUTION ent to distraction (12) mant ablest (13) Across: 1 Prompts, 5 Swarm--14 OkJ Nick survived his come- ed g Copse, 10 Abandoned, 11 DOWN uppance! (5) Free spirit, 12 Marc, 14 Take 1 Maintain you222 words
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Page 15 Advertisements
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Advertisement423 2004-05-17 15 lit ix 2004 THE 3RD REGIONAL INFOCOMM CONFERENCE KEYNOTE SPEAKERS Here's your chance to get into the fast track of the hottest issues E involving business and technology today iX 2004 brings together 30 leading speakers from the USA, Europe and Asia to give you H fresh insights into the423 words
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BizIT
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IT TAKES
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Article, Illustration54 2004-05-17 15 HEWLETT PACKARD'S latest DVD movie writer, the dc4ooo (above), makes it easy to convert old VHS and other analog videotapes to DVD. Writing speeds of the dc4ooo are 8x DVD+R, 8x DVD-R, 4x DVD+RW and 4x DVD-RW. The machine is now available for $599. For54 words
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Article, Illustration78 2004-05-17 15 LG Mobile has introduced its latest mobile handset, the G7050 (right) that comes with a sliding keypad which reveals a part of a big screen and a rear-mounted camera. The camera phone weighs 89 grams and is compact being 94mm x 44mm x 21mm. However, its screen78 words
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Article87 2004-05-17 15 STARHUB has been recognised as the top innovator for Enterprise Data Warehousing at the 2004 Informatica World user conference in Edinburgh, Scotland. The annual Insight awards are given by Informatica Corporation, a leading provider of data integration software, for projects that leverage a variety of data87 words
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Article, Illustration104 2004-05-17 15 OLYMPUS has introduced three new digital cameras, each with its own special features.'The cameras are: ♦Camedia AZ-1: Price $759. It's a 3.2 mega pixel, 3X optical zoom camera with a new flat-body design and a 2.5-inch LCD screen for photo-viewing with "Mobile Advanced Super View Display".104 words
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Article54 2004-05-17 15 NEC has launched its latest 19-inch NEC MultiSync LCDI9BQSX monitor targeted at professionals. Extending the NEC MultiSync LCD 80 Series, this new model shares the advanced capabilities, outstanding screen performance and ultra-thin frame design that distinguish the intelligent displays from mainstream models. It is priced at $1,839.54 words
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Article, Illustration67 2004-05-17 15 LEXMARK has launced a number of new printers Among them is the C 752 (above), a colour laser printer priced at $3,565, which is designed to meet the printing needs of large and medium-sized businesses. The company has also released the C5lO which costs $1,465 and67 words
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Article69 2004-05-17 15 Amit Roy Choudhury - Compiled by Amit Roy Choudhury SYMBOL Technologies, the enterprise mobility company that delivers solutions that capture, move and manage information in real time, has appointed Andrew Tay as regional director for South Asia. Mr Tay will be responsible for developing and growing Symbol's business in Korea,69 words
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Article, Illustration545 2004-05-17 15 tang weng fai - IT comment INFOTECH Growth may be more vulnerable than many think tang weng fai PUNDITS with a penchant for lionising anything Chinese have an easy time of it. Almost anything that comes out of there automatically smacks of big bucks and it is almost heresy545 words
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Article, Illustration440 2004-05-17 15 Amit Roy Choudhury - By Amit Roy Choudhury CANON'S use of Java to extend its products' capabilities is seen in two of its new digital multifunction printers, which augment its imageßunner series of multifunction devices. The two printers, the iR-C3lOO and iRC6BOO, are now available in Singapore. According to440 words
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558 2004-05-17 15 Reuters [LOUVAIN-LA-NEUVE, Belgium] Sony Corp's new portable audio player competing with Apple's iPod will be accompanied this year by another device which can play video and beam it to a TV, the Japanese company said last Friday. The chief of Sony's VaioReuters - 558 words
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Article, Illustration887 2004-05-17 16 Raju Chellam - Philips plans future from S'pore BT exclusive The European electronics giant wants Asia to contribute 33% to global revenues by 2008, its Asia-Pacific chief tells Raju Chellam Raju Chellam WITH $2.5 billion invested in Singapore so far, European electronics giant Philips enjoys a partnership that has paid big dividends for887 words
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Article355 2004-05-17 16 Rata Chellam - By Rata Chellam IN 1998, Royal Philips Electronics, Taiwan Semiconductor Manufacturing Co (TSMC) and the Economic Development Board (EDB) put US$l.2 billion to set up Systems on Silicon Manufacturing Co (SSMC), a state-of-the-art, 92,000 sq m wafer fabrication facility at the Pasir Ris Wafer Fab Park. Philips355 words
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Article, Illustration848 2004-05-17 16 Amit Roy Choudhury - BT exclusive It added over 600 new customers in the region last year By Amit Roy Choudhury GERMAN software giant SAP AG is confident that the Chinese Dragon and the Indian Elephant will push it firmly onto a high growth trajectory in Asia.848 words
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436 2004-05-17 16 Reuters [NEW YORK] The market for computer chips is poised for substantial growth, but the game has changed from simply cranking up speed to adding special features into chips, Intel Corp said last Thursday. The world's largest chip maker also forecastReuters - 436 words
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162 2004-05-17 16 Bloomberg INTERNATIONAL Business Machines Corp, the world's largest computer maker, and Cisco Systems Inc, the largest maker of computer-network equipment, plan to jointly offer Internet phone services in Japan, the Nihon Keizai newspaper said. The partners expect global sales of 1 trillion yenBloomberg - 162 words
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SHIPPING TIMES
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Article302 2004-05-17 17 Contributed by Simpson Spence Young DRY CARGO: THE Far Eastern Holidays have had a serious impact on this week's activity, although all the dry bulk sales reported have been to Chinese buyers. These deals had been negotiated prior to the onset of the holidays. The sale of theContributed by Simpson Spence & Young - 302 words
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Article284 2004-05-17 17 SGX '000 May 14 SS Vol CH Offshore .037 0.01 928 Chuan Hup .0.49 unch 1701 Cosco Investment 0.75 unch 4547 CWT Distribution 0.50 unch 0 EzraHldgs .0.93 -0.01 78 Freight Links Xl.11 unch 495 GB Holdings .0.73 -0.01 39 Jaya Holdings 0.80 0.05 2893 K1 Venture .0.26284 words
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Article, Illustration665 2004-05-17 17 Donald Urquhart - Container arm APL's quick move to take advantage of strengthening market pays off By Donald Urquhart [SINGAPORE] Innovative equipment repositioning was key to Neptune Orient Lines' stellar first quarter results which saw a sevenfold jump in net profit on the back of APL's surgingFILE PHOTO - 665 words
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184 2004-05-17 17 Reuters [TAIPEI] Asia's biggest in-tra-regional shipper, Taiwan's Wan Hai Lines, expects freight rates to rise 31 per cent in 2004 due to soaring demand and a shortage of container capacity. Container rates for shipments within Asia will increase by around US$l5O perReuters - 184 words
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163 2004-05-17 17 Bloomberg [NEW YORK] New Jersey is spending as much as US$B5O million to improve the Bayonne Military Ocean Terminal to accommodate a new port for Royal Caribbean Cruises Ltd, Governor James McGreevey said. Royal Caribbean, based in Miami, has decided to move its NewBloomberg - 163 words
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FORT Shots
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95 2004-05-17 17 Reuters. Ivrirl rAiiUN (i, Bangladesh] Kescuers evacuated all 32 crew as a Chinese ship carrying fertiliser sank after it hit a shoal near Bangladesh's Chittagong port, officials said. The 15,210 DWT ship, mvAnLu Jiang, was carrying 12,500 tonnes of fertiliser to Chittagong from China'sReuters. - 95 words
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63 2004-05-17 17 Reuters [NEW YORK] Moody's has raised the ratings outlook on Royal Caribbean to "positive" from "stable", citing factors including rising cruise prices and the company's expected cashflow improvements. Outlooks reflect a rating agency's expectations for about the next 18 to 24 months. Moody's also affirmedReuters - 63 words
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Article77 2004-05-17 17 Bloomberg [SEOUL] Hyundai Merchant Marine, South Korea's second-largest shipping line, said it had net income of 102.3 billion won (Ssl49 million) in the first quarter as growing demand for container space on ships boosted cargo rates. Operating profit surged to 125.8 billion won from 10.1Bloomberg - 77 words
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Article85 2004-05-17 17 Bloomberg [TOKYO] Kawasaki Kisen Kaisha, Japan's third-biggest shipping line, said profit more than tripled to 33.2 billion yen (Sssoo million). Net income for the year ended March 31 rose from 10.4 billion yen the year before. Sales rose to 724.7 billion yen from 632.7 billion yen.Bloomberg - 85 words
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230 2004-05-17 17 Bernama [PORT KLANG] Port Klang is set to attract interest from foreign investors, shipping lines and exporters when some 3,300 distribution parks are set up at the port by 2007. Klang Port Authority general manager and chief executive officer OBernama - 230 words
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Article, Illustration728 2004-05-17 18 David Hughes - DOCKYARD By David Hughes THE general mood from shiprepairers worldwide seems fairly upbeat now, which is as it should be when freight rates are generally buoyant. The latest report from Arab Shipbuilding and Repair Yard Co (Asry), situated in Bahrain, is in theFILE PHOTO - 728 words
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Article186 2004-05-17 18 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 ESP186 words
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Article11103 2004-05-17 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vtssil Voyaqe Telephone SIN Dest'n Name Nam# NumMr Number SIN Dest'n Nam* Nam* Number Number m mmmmmm vm mmm m mmmm m m» mm? ammm m& f 02/06 28/06 Alianca C0NT1 MALAGA 004W 65-*****161 TO ABIDJAN (ABJ)11,103 words
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SHIPS IN PORT
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Article383 2004-05-17 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BTHENDIIND MAY15 J1 A/SIDE 16/05 0200 HMS PREMIUM 04/2004 J4 A/SIDE 16/05 1700 SHAN FURYU 12/04 J3 A/SIDE 16/05 1800 TAICHINH 1/04 J14 A/SIDE 16/05 0900 UNIONSTAR 47 03/04J J15 A/SIDE 16/05 0630 CJNIA3-16 09/04 J13 16/05 2300 17/05383 words
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Article1821 2004-05-17 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 092S 092$ 1 18/05/2004-07:00 *****004-2000 Aa MAGNOLIA 077N 077N 1 1805/2004-08:00 18/05/2004-22:00 ACX SAKURA 030S 030S 1 16/05/2004-15:00 17/*****402:30 K10 AKSOV TRUVA 0413 0412 1 18/05/2004-20:00 19/05/2004-04:00 ALSHAMIAH1,821 words
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Article138 2004-05-17 25 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: Whit138 words
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Article824 2004-05-17 25 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 individual824 words
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Article564 2004-05-17 25 Carbon 180 Max 989.7 0.6 14.9 0.06 38 0.04 D.ns.ty Eater Residue AshA.um.n.u. »a*«E2S J J 0 J JL 380 Max 994.4 0.7 17.8 0.07 66 0.05 K6/W3 v/v h m/m M/M PPW mtttwxi No above G35 2 0 0 0 0 0 ISO/Cimac Limits Spec564 words
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AIR & LAND transport
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Article, Illustration47 2004-05-17 26 [ROME] Former three-times Formula One world champion Niki Lauda poses with his cabin crew in front ofan Airbus 320ofhis new Niki Airline company at Rome's Leonardo da Vinci International Airport. Mr Lauda, whopilotedthe plane, landed in Romefor the inauguration of the Niki City Shuttleservice. APAP - 47 words
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434 2004-05-17 26 Check-in kiosks, ticket readers part of layoff move Bloomberg [CHICAGO] US Airways Group Inc, seeking to reduce costs to avoid a second bankruptcy in two years, expects to lay off 200 airport customer-service workers in September, the employees' union said. TheBloomberg - 434 words
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377 2004-05-17 26 Reuters {SEATTLE] Boeing Co and employees claiming the company discriminated against women said they had reached a financial settlement and were working out other issues, delaying the start of a class-action lawsuit. The two sides will spend up to 45 days working onReuters - 377 words
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142 2004-05-17 26 Reuters [FRANKFURT] Frankfurt airport operator Fraport posted first-quarter earnings before interest, tax, depreciation and amortisation (Ebitda) of 99.4 million euros (Ss2o2 million), missing market expectations. Sales in the first three months of the year rose 3.9 per cent to 446.2 million euros,Reuters - 142 words
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Article, Illustration849 2004-05-17 26 Airlines that hedge against price rises protected only for short term AFP [SINGAPORE] Escalating jet fuel prices are threatening to clip the wings of Asian carriers just as they recover from last year's unprecedented travel slump brought on by the Severe Acute RespiratoryAFP; AFP FILE PHOTO - 849 words
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Article2100 2004-05-17 26 CITY FlIGHT ETA FUGHT ETO AMiMt BA7381 1840 taM WW 0555 EK349 0030 Of 81 1640 S0403 0730 EK405 0210 >■!<><■ GA975 0655 KIS38 2255 1405 EM31 0325 KU37 (450 EM30 2005 ***** 2325 ***** —0100 Fraakhrt AC9951 0630 LH9765 1345 taSSi EM05 MO ER404 BIO2,100 words
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355 2004-05-17 26 AFP [HANOl] An air base used by US B-52 bombers during the Vietnam war is to open to domestic flights this week, as the central provinces seek to bring in much needed tourist dollars, officials said. Vietnam AirlinesAFP - 355 words
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Advertisement27 2004-05-17 17 TANKER FAMILIARISATION For more details about our STCW courses, please visit our website: www.sma.sp.edu.sg or contact Ms Balvinder Kaur, Tel: 6772 1817 Fax: 6772 1958 E-mail: Bkaur@sp.edu.sg27 words
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Advertisement430 2004-05-17 17 I High oil prices may I I hurt Asian airlines I BACKPAGE kit] 7 To call toll free 1800 289 8822 Email: notice»»sph.com.sg SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE RATE RESTORATION 1 JULY 2004 In December 2003, the following Lines in the South430 words
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Advertisement55 2004-05-17 18 4 -.v.t ..,I'"'./ I -4- .ir -r:-,x>}\r Jn: s We're movina. V.' 1 '^?i; u l%\ Hftfi effect from 31 May, our new address will be 1 Harbour Front Place Singapore *****3 Tel: 6295 0123 Fax: 6293 7354 klviWi?lCTir r (All our existing telephone and fax numbers remain unchanged) LV/XJ55 words
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Advertisement572 2004-05-17 18 Lines services represented by Members of the Registry of iSa J.^bersof^ ffIVJ Accredited Shipping Agents, "jflT Singapore Shipping Association sociation CONTAINERS/ CONVENTIONAL CARGO ran kung/mmgatore/jakarta i iangkok VOY ETAPKL ETA SIN ETA MALE Mlad Star 548 14/05 ISVOS 2805 KolaTeraju TRJOBI 27/05 0&06 LILY MARINE SERVICES SINGAPORE Phone UU 7!H/tSmi572 words
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Advertisement771 2004-05-17 19 Combines Grange of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also acttpt litre* Asia Cvjots tc For Schedules, BL Searches, and Container Tracking, visit on our Home Page: www«mol»in^confU*<»^ mdmumi TO ADVERTISE, CALL JOE WONG AT 6319 2062 OR771 words
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Advertisement1724 2004-05-17 19 NEW WEEKLY "ADX' SERVICE TO EAST MEDITERRANEAN ON EVERY FRIDAY SINGAPORE TO ISTANBUL -15 DAYS GENERAL AGENTS IN SINGAPORE: 16 RAFFLES QUAY #36-01 SALES,'IKGS TO: *****457/43 FAX: *****321/24 I COSTAR SHIPPING PTE LTD SKToST ESBB 888 BB2S| SINGAPORE TO THESSALONHU -16 DAYS CR NO: **********0 M TEL 6226 1900 (MAIN)1,724 words
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Advertisement596 2004-05-17 19 vessel yoy sin Jia HimSff kyh pus vessel voy sin jkt sub hkg usw pus [nc_ HY PROGRESS 07SS 11/5 19/5 22/5 26/5 2S/5 31/5 2/4 RMTC SINGAPORE 407S 23/5 24/5 27/5 1/6 5/6 6/6 8/6 HYUMOAIIRIOGE 077S 26/5 21/5 2/6 4/5 7/5 9/5 9/5 KMTC JAKARTA 407S 30/5 2/6596 words
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Advertisement2447 2004-05-17 20 WAN HAI INTERNATIONAL PTI LTD CR NO; 14«*****0007 imu ■■air#* Ta:6226ISM (I4UNK) FAX:*****163 V\\M\ Wan HAI lINFn G,sto ,,f w*./BookhpDHctl»• 0500i*****200 V 11 V Tlnll lIMI LIIILJ PKI Tfl: (03) ***** MS FAX: (03) X*****H PBI Tfi: (04) *****00 FAX: (04J*****W V JON Tft: 107) *****23 WL (07BS1W21»IL (031) *****752,447 words
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Advertisement680 2004-05-17 20 BSA x MYANMA BH FIVE STAR UNE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 328W SU) HPA-AN 320W SU) SU) IN MALAYSIA: lOUSYEAO SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PIN: 04-*****02 iHIA ACCEPTIMB CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PU HK SUNNY HEART680 words
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Advertisement1239 2004-05-17 21 VESSEL VOY SIN PtCl DXB BAB PMM BIK CHABAHAR IKHORRAMSHAHRI IRAN TEHRAN PCL36B 16/05 SKIP 23/05 26/05 03/05 05/05 07/05 09/05 IRAN SATTARI PCLBO3I 21/05 22/05 30/05 31/05 08/06 10/06 12/06 14/06 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 16/061,239 words
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Advertisement481 2004-05-17 21 UK CONTINENT SERVICE Loading for ATERMON RTM/ATW/BMNAJ K/NAN KEELUNG RTM/ATW/BMNAJ K/NAN Loads Singapore. EVW. 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 CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL •Loads E-/W. Malaysia, Indonesia F.E./S.E.A. SERVICES S481 words
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Advertisement648 2004-05-17 21 VESSEL VOY SIN Pgy JttSSl ML SUI_ PACRANDA *****4 17/05 17/05 tUMiOkl M 14Zfl| ISZM PAC RANDA MX IMS ISM- m'IHTAN, PACRANDA 1212N 19/05 20/05 Ai*mm 0 SSSZ 23/05 flfli PACRANDA 1213N 20/05 21/05 MATABAM EXP 3004 25/05 27^gL_J pac randa IHAH 11M 22Zfii_ W^^^^MITTTWmTTIVTWgnB^UL PAC RANDA 121SN 24/05 24/05648 words
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Advertisement627 2004-05-17 22 ImAEBBH HHBBTI&»**V^IB4NMn7/C^2m/0 ■PIVRfVI TIGER PEARL 187N 18-19/05 26-27/05 01-02/06 ■MyiSUI TIGER SKY IBBN 22-23/05 29-30/05 05-06/06 —j'li !WTIGER SEA 189N 26-27/05 02-03/06 08-09/06 I HMHI TIGER WAVE 190N 29-30/05 05-06/06 12-13/06 TIGER PEARL 191N 01-02/06 09-10/06 15-16/06 WN'nM TIGER POWER 010 25-26/05 30-01/06 08-09/06 1 PHBiiMi TIGER ARROW 098 01-02/06627 words
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Advertisement1013 2004-05-17 22 FREIGHT LINKS EXPRESS PTbLTI>* ißb Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 jmm> E-mail: flesin@singnet.com.sg i L ATI ST LCL SBRVICI TO BASRA, IRAQ LCL tIRVICI TO CHINA DALIAN XIAMEN NINGBO FUZHOU PLS CALL FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569/5553 PROJECT HEAVY LI FT CARGO Lawrence Lim 6267 5555,1,013 words
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Advertisement1426 2004-05-17 22 I\W« fl f\ S'pore Agentj lAI Skaahj Amky (S) Pt» Ltd (CD NO; 145M*****0Z) \Wv% \J I 110Cm!^trttt,911-03Bangkok lank luUna. Singapore *****4 ItIQS W 4323 6444/77 F«x:43ZW433 Wikilti: www.iattraiilllKi.ciß| __^^_^!B^NPERDCFRE^^MRV!C^TOHONQKONQAJWIPAJ^^^^^^^I rasa Ivor o« w| «i TTonaiTiw nns»j rasa Twrlmlp^ TtAOE ETEtIUTY SO2O 02/05 03/05 04/05 05/05 04/05 10/05 14/05 14/051,426 words
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Page 25 Miscellaneous
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Miscellaneous123 2004-05-17 25 Issued by Meteorological Service Division.NEA LEGEND: rc Thunderstorm Wind speed symbols Showers O u circ,e w/o line indicates 03,171 or ''9 ht and variab,e winds H Rain 1 One half fleche represents 5 knots Cloudy Day I —One full fleche represents 10 knots x Hazy -?—One solid triangle represents 50123 words
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