The Business Times, 26 May 2004

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Total Pages: 28
1 28 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 023/03/2004 850 SINGAPORE Internet: http://business-times.asial .com.sg WEDNESDAY, MAY 26, 2004
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  • 1196 1  -  It cites recent speculation over its underlying worth for surprise move By Serena Ng, Siow Li Sen Compiled by BT [SINGAPORE] United Overseas Land yesterday gave its shareholders including major shareholder United Overseas Bank even more to digest by announcing that it is
    Compiled by BT  -  1,196 words
  • 77 1 STI 1,766.42 (-13.37) ST INDEX FUTURES 1,770.00 (-7.00) SIMSCI 215.33 (-1.84) SIMSCi FUTURES 215.10 (-2.50) Tuesday Change KLSE COMP 796.48 +2.09 NIKKEI 225 10,962.93 -138.71 HANG SENG 11,692.56 +29,59 SET INDEX 601.51 -7 :19 JAKARTA COMP 717.14 15.45 MANILA COMP 1,49:5.90 +11.99 TAIPEI WPI 5,958.38 +16.30 SEOUL COMP 784.06
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  • 74 1 FOREX RATES US$ S$ I'SS (SS per I'SS) 1.717 £(ISS/S$ per X) 1.801 3.09:1 El'RO(l'SS/SS/E). 1.207 2.073 YEN.. 112.7. 65.60 RM 3.800 2.213 HKS 7.795 4.540 BAHT 40.82 23.77 Rl'PIAH 9,255 5.390 RENMINBI 8.299 4.833 INDIAN RI'PEE 45.31 26.39 A$ 1.424 0.829 NZS 1.633 0.951 PRIME RATES SINGAPORE 5.2a
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  • 544 1 Malaysian exchange says it's working on that possibility [HONG KONG] Malaysia's stock exchange is working with the Singapore Exchange (SGX) to let retail investors in Singapore trade Malaysian stocks through Singapore brokers, Yusli Mohamed Yusoff, Bursa Malaysia's chief executive said. This
    544 words
  • 708 1  -  HOCK LOCK SIEW By Wong Wei Kong IF the market was coming round to the conclusion that United Overseas Bank (UOB) was preparing to let Temasek Holdings' second offer for its 49 per cent stake in United Overseas Land (UOL) lapse on Friday,
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  • NEXT page
    • 390 2  -  Law proposed to balance needs of users, ISPs and marketers By Raju Chellam [SINGAPORE] If you jam email in-boxes with spam in Singapore, you're likely to be sued. That's the message the Infocomm Development Authority of Singapore (IDA) wants the world to know
      390 words
    • 553 2  -  Small accounting firms expect to be hit; SME association chief warns of potential downside By Daniel Buenos [SINGAPORE] Exempt private companies (EPCs) that generate annual revenue of $5 million or less will not be legally required to have their accounts audited
      553 words
    • 378 2 LATEST US DATA Reuters, Bloomberg [NEW YORK] US consumer sentiment edged up in May, but not as much as expected, although a better outlook for jobs and the economy offset worries over high oil prices and unrest in Iraq, a report showed yesterday.
      Reuters,; Bloomberg  -  378 words
    • 306 2  -  US$186m pumped in by S'pore investors in last 10 years By Chen Huifen [SINGAPORE] Although not as prominent as Shanghai, Shenzhen, Guangzhou or Suzhou, Dongguan city is emerging as an up-and-coming manufacturing base for Singapore investors, according to the local government
      306 words
    • 585 2 Venezuela plans to propose increase at next Opec meeting Bloomberg, Reuters [LONDON] Opec members have put the world on notice that prices above US$3O a barrel for crude oil may be here to stay. That would mean an increase from
      Bloomberg,; Reuters  -  585 words
  • Page 2 Advertisements
    • 107 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:+6s 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg 24
      107 words
    • 382 2 KnHp|H Call toll-fret 1800 289 8822 NOTICE TO CREDITORS OF FIRST MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE COMPANIES WINDING UP NO. *****3 OF 2002 MEASUREX HOLDINGS PTE LTD (Under the Order for winding-up the above-named company dated 22 March 2002) Notice is hereby given that the
      382 words
    • 146 2 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of TRANSCENDENTAL PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 143 Cecil Street #19-01 GB Building Singapore *****2 on the 21 51
      146 words

  • SINGAPORE companies
    • 473 3  -  Average price may be set at just under $650 psf; staff sales start this week By Kalpana Rashiwala UNITED Overseas Land (UOL), currently at the centre of a tussle between Temasek Holdings and banker Wee Cho Yaw, is going ahead with its residential
      473 words
    • 419 3  -  Short-term euro paper to raise US$2b planned By Taila Krishnakumar OCBC Bank announced yesterday it will tap the offshore markets for funding through the launch of a US$2 billion euro commercial paper programme and the sale of US dollar denominated floating rate notes. Singapore's third largest
      419 words
    • 766 3  -  NEWS analysis New Chinese shareholders will help firm cat costs and quicken access to market By Joyce Koh WILL Panpac Media get it right this time? Five years ago, the company then called Panpac Media.com jumped onto the dotcom bandwagon with two
      FILE PHOTO  -  766 words
    • 290 4  -  By Kenneth Lim A COMPANY that designs electronic devices to repel pests and find fish has filed a prospectus with the Monetary Authority of Singapore in a bid for a listing on the mainboard. Hong Kong-based Daka Designs, which lodged its preliminary documents
      290 words
    • 363 4  -  Company cites SGX rilling; it proposes 10% interim dividend instead By Serena Ng METAL components maker Miyoshi Precision has declared an interim dividend of 10 per cent after aborting a proposed l-for-5 bonus issue because it failed to get a waiver against a listing rule. The
      363 words
    • 324 4  -  Group to pay out third interim dividend, plans share split By Teh Hooi Ling EDUCATION provider Raffles LaSalle said yesterday it more than doubled its nine-month net profit to $7.5 million, tracking analysts' consensus forecasts. In view of the strong performance, the group
      324 words
    • COMPANY Briefs
      • 64 4 ELECTRICAL and electronic device supplier PNE Industries returned to the black for the six months ended March 31,2004, as increased demand in the contract manufacturing sector drove net profit up to $826,000 from a $2.3 million loss the year before. The company expects
        64 words
      • 68 4 GP Batteries International said fourth-quarter profit for the period ended March 31,2004, rose just 0.8 per cent year-on-year to $7.8 million, bringing full-year profit to $45.2 million a 38.8 per cent improvement on the previous year. GP Batteries is recommending a final dividend of 10.3
        68 words
      • 104 4 MFS Technology, a supplier of flexible printed circuits and printed circuit boards, said net profit for the six months ended March 31,2004, rose 58 per cent year on year to $18.4 million. MFS is recommending an interim cash dividend of 0.45 cents per share
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      • 62 4 Bloomberg CHARTERED Semiconductor Manufacturing said Synopsys and other chip-design software companies have agreed to make their products compatible with chip-making systems it is developing with IBM. The agreement will allow customers to reduce risks and save costs when designing chips by eliminating the need
        Bloomberg  -  62 words
    • 281 4 SHIPPING company Jaya Holdings said the improved offshore shipping business and the sale of two new vessels boosted net profit 86 per cent to $10.6 million for the quarter ended March 31. And that raised net earnings 86 per cent year on
      281 words
    • 390 7  -  Tie-up with state-owned firm hopes to clinch 12 projects in 2 years By Vinoe Chong KEPPEL Corporation has taken its first step towards tackling the billion-dollar water and waste-water treatment industry in China, by forming a joint venture with state-owned China Cheng Tong Resources
      390 words
    • 204 7 SURFACE Mount Technology yesterday reported a 25.9 per cent increase in FY2004 net profit to HK$l2O.l million ($26.4 million) from HK595.4 million in FY2003. The improvement came on the back of a 22.1 per cent jump in turnover to HK$2.O5 billion from HK$l.6B billion
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  • Page 3 Advertisements
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      101 words

  • 4156 4 UNIT TRUSTS FUNDS Indocam Asa Vision! JL 1.013/1.065 DBS Asset Mgt ABN Amro Asset Mgt (S'pore) Shenton Twin Gjf 1 -25&H .31 Star Europe Eqty' 0.73/ lapan Growth!" 0.875/0.915 Star Europe Bond 1 -228/ Mendaki Cap Pro Fd .^0.981/ Star Europe Bal 1 035/ Shenton Thrift!** 1.975/2.06 Star Asian Tiger
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  • Page 4 Advertisements
    • 401 4 fz, Goh Kheng Yew JK Luminosity An exhibition of Goh Kheng Yew's illuminating new works. Now open till 31 May 2004 Admission free Monday Friday 11.00 am 7.00 pm Saturday Sunday 11.00 am 6.00 pm Venue SC Private Banking Gallery Alliance Francaise De Singapour 1 Sarkies Rd Singapore 2581 30
      401 words

  • Page 5 Advertisements
    • 55 5 I Millennium Copthorne International Ltd wanted a faster way to integrate IDD and cable TV services for their hoteis in Singapore. I iwrllub f fe. It's b nartHßr-shi; t?ui ".tww- uw. K I Tnere's always a better way. Star Hut Business Solutions. I >Smm4 .5-' A'" _M?'./ M v H
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  • SINGAPORE markets
    • Article, Illustration
      563 6  -  Compiled by VEN SREENIVASAN CapitaMaH Tmsk May 25cMng:$L55 CMT has proposed to buy Plaza Singapura for $710 million from Capita Land. The price works out to $1,444 psf. Plaza Singapura is a 486,113 sq ft retail complex situated next the Dhoby Ghaut MRT station. It has a forecast
      Source: Bloomberg  -  563 words
    • 443 6  -  CHART POINT By Lim Say Boon, K Ajith OCBC Investment Research. THE treacherous thing about the market now is that the "sucker rallies" can and often do look convincing. But after you decide to join in, the bottom falls out from under your
      Source: Bloomberg  -  443 words
    • 634 6  -  BT comment STOCKS r. sivanithy AS stock markets everywhere react to the threat of rising oil prices to economic growth, the question many traders are asking is whether the much-vaunted bull market is over for the rest of this year. On
      AFP  -  634 words
    • 447 6 Reuters [SINGAPORE] The Indonesian rupiah hit its lowest level yesterday since the days following the bombings in Bali in October 2002 as higher oil prices renewed pressure on Asian currencies. Traders said the rupiah hit 9,350 per dollar, taking its losses on the
      Reuters  -  447 words
    • TRADES TO WATCH
      • 77 6 THE executive deputy chairman of Stratech Systems, Kennedy Chew, sold a total of 200,000 shares on May 21 and 24 at 14 cents and 15 cents apiece. The open-market disposals were part of a "personal assets relocation effort", the company said. The sales reduced Mr
        77 words
      • 126 6 THE executive chairman of JK Yarning International Holdings, Ang Chiong Chai, sold 10 million shares of the mainboard-listed lighting products maker in a married deal on May 24. The 4.93 per cent stake was sold at 46 cents per share as part of a
        126 words
      • 73 6 A SUBSTANTIAL shareholder of Progen Holdings, Yong Kang International, sold one million shares in a married deal on May 20 at 13 cents a share. This reduced its direct holding in the airconditioning and ventilation systems supplier to 8.3 per cent from 8.66 per cent.
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      • 57 6  -  Compiled by SERENA NG AN executive director of NeoCorp International, Eric Tiong, bought 100,000 shares of the construction and engineering services group at 2.5 cents per share on May 21. The open-market purchase raised his direct holding in NeoCorp to 300,000 shares. NeoCorp shares were untraded
        57 words
    • Article, Illustration
      411 6 OTHER SINGAPORE INDICES May 25 VALUE CLOSE BTOB/OS -244.00 -197.00 BTCAPI -*****.00 -82.00 BTlOntoyMA -*****.00 -25.00 AB-SG Eqirities 474.99 -3.72 SG Equities Elect 157.12 -2.88 SG Equitits Fht 1445.65 -4.06 SG Equities Prop 397.27 -2.39 SIMSCI 215.33 -1.84 SiMSa Futures 215.10 -2.50 SlBcto Vohno Interra 5c 62,660,000 Bio-Treat HK40c 28,862,000
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  • Article, Illustration
    1094 7 Transaction date: May 25 All-series Maturities > a yr; Short 1-3 yrs. Long: > 3 yrs IHTERBAlfK CROSS RATES A$ C$ Rmb Euro HK$ Ind «s Ruptoh Yen Won BM WZ$ Pafc»» Peso S$ Sir MT$ Baht Pound US$ Australia 0.961 5.828 0.582 5.474 31.817 64.993 0.791 8.270 2.669
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  • Page 7 Advertisements
    • 1243 7 W s GP Batteries International Limited (Incorporated in the Republic of Singapore) Announcement of Unaudited Results Dividends For The Year Ended 31 March 2004 The Board of Directors of GP Batteries International Limited is pleased to announce the unaudited results of the Group for the year ended 31 March 2004
      1,243 words

  • EXECUTIVE money
    • 1242 8  -  Hedge funds have been drawing lots of fresh investments in the last year, and Genevieve Cua wonders if investors should be concerned Genevieve Cua PRIVATE clients and the emerging wealthy in Asia are snapping up hedge funds at a brisk clip,
      Source: Van Hedge Funds Advisors International  -  1,242 words
    • 248 8 WHO can invest in funds of hedge funds (FOHFs)? Those who market hedge funds can register their funds in two ways. There is the "restricted recognised" scheme where a FOHF, almost always domiciled offshore, can only be sold to those defined as "sophisticated" investors. The
      248 words
    • 733 8  -  By Genevieve Cua MAN Investments raised over US$l billion in fresh assets from private clients in Singapore, Taiwan and Hong Kong last year, with roughly half of the assets in capital guaranteed structures. This is a rise of 42 per cent from the US$7OO
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    • 1048 8 I National Bank of Kuwait I uubdrut 1 (Incorporated in Kuwait with limited liability) 3 Head Office: Abdullah Al-Ahmad Street Sharq, P.O. Box 95, Kuwait Safat ***** INI CS K. il 77 Consolidated Balance Sheet Consolidated Statement of Income I As at 31 December 2003 for the year ended 31
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  • SINGAPORE news
    • 286 9  -  Research venture will focus on gynaecological cancers in Asians By Chen Huifen SINGAPORE-BASED biotechnology firm Agenica Research has signed a $4.4 million genomics research partnership with Mitsui Co Ltd to develop cuttingedge molecular diagnostic products for Asian gynaecological cancers. The collaboration, to last
      286 words
    • 209 9  -  EYE on the economy jobs By Daniel Buenas THE volume of newspaper job advertisements registered the strongest growth in more than two years in April, jumping 50 per cent year on year. According to data compiled by Singapore Press Holdings, ad
      Source: SPH  -  209 words
    • 194 9 NON-PROFIT organisation Spirit of Enterprise (SOE) has launched 148 stories about entrepreneurs on its website (www.soe.org.sg), with the aim of promoting a more active entrepreneurial culture in Singapore. The project was carried out with the help of more than 130 students from local universities, polytechnics, and
      194 words
  • Page 9 Advertisements
    • 1250 9 Tantalising deals from for BT readers This week we feature three Japanese establishments that offer readers the chance to win a $500 food voucher in a grand draw on July 21. To qualify, just complete a lucky draw form at the restaurant Also, from now until June 30, Citibank credit
      1,250 words

  • EDITORIAL & opinion
    • 714 10  -  THE bottom line OPINION shada islam THE European Union's transformation on May 1 from an exclusive 15-mem-ber club of prosperous Western European countries to a bigger, more diverse union of 25 nations, including eight former communist states, marked the beginning of a new era
      714 words
    • 76 10 'A failed Iraqi state would be a strategic nightmare for the US and the West.' the International Institutefor Strategic Studies (IISS), a British think tank, in its annual global survey. 'Both Sonia (Gandhi) and Manmohan Singh have to be protected from certain people around them who are
      76 words
    • 596 10 EDITORIAL INDIA'S new Congress-led coalition government will find itself faced with a number of challenges in guiding the country's destiny, some of them quite different from what its predecessor was up against The new coalition is an unwieldy group, comprised of the centrist Congress Party,
      596 words
    • 2165 10  -  Manmohan Singh is widely credited with 'healing' the Indian economy with reforms he initiated in 1991. Today, he leads the country as the PM By Vikram Khanna WHEN I interviewed India's newly appointed prime minister, Manmohan Singh, at his sparsely furnished bungalow on a chilly winter's morning
      REUTERS  -  2,165 words

  • REGIONAL news
    • 457 11 HONGKONG Developers still bullish on long-term outlook for city's property market Reuters, Bloomberg HONG Kong's first government land auction in nearly two years secured better-than-expected bids for two suburban plots yesterday, raising almost HK$3 billion (*****.6 million) in the process indicating
      Reuters,; Bloomberg  -  457 words
    • 371 11 KUALA LUMPUR He will use aerials which are cheaper than rival Astro's satellite telecast Reuters GAMING tycoon Vincent Tan plans to launch Malaysia's second pay-TV operator in October, a source familiar with the plans said yesterday, in a move to tap growing
      Reuters  -  371 words
    • 179 11 BANGKOK AFP ITALIAN fashion designer Giorgio Armani has agreed to help Thailand's bid to transform itself into an international fashion hub, an official said yesterday. Panlert Baiyok, manager of the government's "Bangkok Fashion City" initiative, said Mr Armani has agreed to provide consulting
      AFP; AFP FILE PHOTO  -  179 words
    • NOTE Book
      • 129 12 AP [KUALA LUMPUR] Prime Minister Abdullah Ahmad Badawi's son-in-law has resigned as a member of the Malaysian leader's staff, a move widely seen as a bid to quell widespread gossip that he wielded too much power. The resignation of Khairy Jamaluddin curtails his rapid
        AP  -  129 words
      • 91 12 Reuters [KUALA LUMPUR] Proton Holdings Bhd, Malaysia's leading car maker, reported yesterday a 30.5 per cent drop in fourth-quarter earnings on the back of falling sales. Net profit fell to RM191.55 million (5586.6 million) in the three months ended March 31, from RM275.69 million in
        Reuters  -  91 words
      • 90 12 Reuters [NEW DELHI] A row in India's Congress party-led coalition was resolved yesterday after Prime Minister Manmohan Singh gave in and allowed a key ally to take portfolios of its choice in his council of ministers. Seven ministers from the Dravida Munnetra Kazhagam (DMK) party refused
        Reuters  -  90 words
      • 99 12 AFP [JAKARTA] Indonesia's state-owned oil and gas company Pertamina is suffering a "critical" cashflow problem and has asked legislators to help it avert a crisis, the company said yesterday. Pertamina finance director Alfred Rohimone said Pertamina is on the brink of running a deficit as
        AFP  -  99 words
      • 83 12 Bloomberg [SHANGHAI] A Chinese major bank vowed yesterday to take "severe action" against employees implicated in a scandal over falsified documents that threatened to delay plans to sell its first shares to foreign investors. China Minsheng Banking Corp told Chinese regulators last week that
        Bloomberg  -  83 words
    • 473 12 SHANGHAI New exchange expected to have 10 stocks listed in early Jane Reuters CHINA is set to create a board on the Shenzhen stock exchange tomorrow grouping small and midsized firms, a move that analysts said was a step towards a Nasdaq-style board
      Reuters  -  473 words
    • 400 12 BOMBAY Bat analysts warn of sector becoming low-cost sweatshops Reuters CUTE cartoon characters and slick special effects may not seem obvious candidates for outsourcing, but Indian studios are popping up alongside software firms and call centres that do work for firms in the West.
      Reuters  -  400 words
    • 274 12 JAKARTA Bloomberg, AFP SURGING oil prices have resulted in Thailand trimming its growth forecast to 7.1 per cent from an earlier projected 7.9 per cent, while Indonesia said it will have to spend three times more than it had planned on
      Bloomberg,; AFP  -  274 words
  • Page 11 Advertisements
    • 299 11 HKnfipilß Call toll-free 1800 289 8822 Email: notices@sph.com.sg NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS EMTEC MAGNETICS SINGAPORE PTE LTD (Incorporated in the Republic of Singapore) Take Notice that Messrs. Ong Yew Huat and Seshadri Rajagopalan, both of Ernst Young of 10 Collyer Quay #21-01 Ocean Building Singapore *****5, have been
      299 words
    • 308 11 I A ifrej -fl if®'nm Wfrfa -'t JLx\ *5- I'i *< ■(jab:- ft, > ifWfflßßi'' 1 JIB B JS BBtiw^^ jH* JSE& THAI'S BUSINESS CLASS SPECIALS MAY 2004 S <uv U fs&£ j m MtMOLimMtmG chengdu guangzhou kunming $549 $im $1349 $1349 $1349 XIAMEN BEIJING SHANGHAI PUSAN SEOUL $1349 $1849
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  • 1627 12 SICOM FUTURES May 25 RUBBER Futures (Closing prices) RSS1 (S ceotsAg) Close Volume Open Month High Lew Sett (tonnes) Interest Juo 04 ***** Jul 04 235.00 Aug 04 235.50 Sep 04 234.75 Oct/Dec 04 233.75 Jan/Mar 05 235.50 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
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  • WORLD news
    • 562 13 BALTIMORE But impact of higher oil prices no threat to the brisk economy LAT-WP THERE is a growing consensus among economists that the cost of inflation for businesses is accelerating beyond expectations because of rising prices for energy, lumber, steel and other
      LAT-WP  -  562 words
    • 679 13 NEW YORK LAT-WP Reuters NEW York attorney-general Eliot Spitzer sued former New York Stock Exchange chief Richard Grasso on Monday, alleging that the man once celebrated as the public face of Wall Street used deception and intimidation to take home at least US$lOO million
      LAT-WP; Reuters  -  679 words
    • 326 13 TOKYO Reuters, Bloomberg RECOVERY in the global semiconductor industry has become broad-based with the world's chip factories lifting their utilisation rate to a three-year high in the first quarter, a global semiconductor industry association said yesterday. The utilisation rate came to
      Reuters,; Bloomberg  -  326 words
    • 318 15 NEW YORK Stake purchase may cost TH Lee Partners US$2-US$2.5b Reuters PRIVATE investment firm Thomas H. Lee Partners is near a deal to purchase a majority stake in Refco Group, the world's largest independent retail futures brokerage, for US$2 billion to US$2.5
      Reuters  -  318 words
    • 295 15 NEWYORK NYT DISCLOSURE of the criminal inquiry into Ernst Young by the US Justice Department comes after several statements by Mark Everson, the commissioner of the Internal Revenue Service, praising the firm for shutting down its tax shelter unit and for cooperating with
      NYT  -  295 words
    • 533 16 LONDON Cazenove's move comes amid reports of Wall St firms eyeing takeover NYT CAZENOVE, a leading financial institution and the broker to Queen Elizabeth 11, said on Monday that it was considering overtures from potential buyers but would prefer to sell shares
      NYT  -  533 words
    • 398 16 LAS VEGAS They hit record prices reflecting soaring store sales Reuters IN the gambling capital of America, retail real estate this year was the big winner, as a flush of cash pouring into the industry resulted in a record attendance at
      Reuters  -  398 words
  • Page 13 Advertisements
    • 214 13 di LAN VIN PARIS SALE Exclusively at Lanvin Boutique Level 2. Takashimaya Department Store Tel: 6733 36 13 Opening Hours: IO am 9.30 pm daily OICUIVSB The University of Chicago Graduate School of Business Asia Campus, Singapore SIGN UP NOW! Commercializing Innovation: Applied Entrepreneurship Competitive Strategies for Executives: Applying Theory
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  • Page 13 Miscellaneous
    • 204 13 CRYPTIC CROSSWORD After work, quiet timely (9) 7 A cupful of fruit (5) YESTERDAY'S SOLUTION 28 It takes two to add zest to 8 Pacific islander? (10) Across: n the d love (5) 9 Commanded to appear at k 29 Team in residence (4) court? (8) 30 Prettiness in a
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  • 4784 14 Transaction date: May 25 HONG KONG Vol HK Exchanges Clearing ..15.45 -0.25 2675 HK$ '000 HKRInt'l 2.33 0.08 5460 Hong Kong Electric 31.50 -0.20 2697 Aeon Credit 4.50 unch 40 Hongkong Chinese 0.98 0.01 736 Aeon Stores 5.35 0.20 50 Hongkong Chinese Ltd 0.98 0.01 736 Alpha General
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  • 2438 14 Transaction date: May 25 KUALA LUMPUR GeneralSoH 1.26 unch 0 Vo Genting 14.50 -0.10 484 RM (-000) George Kent 0.81 -0.01 73 GlobetronicsTech 0.50 -0-01 7743 ASM Realty 1.35 -0.01 14 GlomacBhd .2.32 0.03 1310 Abric .0.60 unch 23 Gold Bridge Engrg .0.41 0.01 163 ACP Industries 1.98 unch
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  • 899 14 Transaction date: May 25 *»<*—W Ml Ow* Qw—I Hwt—I W d—» Omm AllgreenSOc 0.29 0.920 -0.015 NOl 1.61 2UJ10 -0020 BIL Irrtl US20c 0J9 0.735 -0.005 OC8C Ml n.700 CapitaLand 0.94 1.240 -0.040 Parkway H 25c 0.59 1.130 Chart SemiCond 26c 122 1420 -0.020 People i Food HKSOc 0.45
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  • 825 14 BONDS WARRANTS Prtm Expiry Tel Ust Vol Conv Exer Disc Gear- Mths Cod* Company Sal* +or C000) Ratio Price mg Left 3779 ASL Marine Hldgs W*****1 15.5 -0.5 27 1 53 27 3 48 47 3698 ASTIW*****1 345 -1 2 1 16 -2 1.49 1 3697 Acma Ltd W*****6 .0.5
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  • Page 14 Advertisements
    • 43 14 jft. MS® Insiders'trades. Brokers'recommendations. Dividend table. Tiikßi sinkssTi.mks I flHffn Bmmßt m afe jwp gp jPJESPW XR Jy .Jw f s n a p o e S fcr IHi IBsd? I|| fc IS The pages also cover transactions by directors and substantial shareholders.
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  • Page 15 Advertisements
    • 1006 15 289 8822/Eiiiailjiotkes@spl^on^g I Banque Internationale 8 a Luxembourg Head Office: 69 route d'Esch, L-1470 Luxembourg Singapore Branch: 9 Raffles Place, #42-01 Republic Plaza, Singapore *****9 E Balance Sheet Profit and Loss Account B As at December 31,2003 For the year ended December 31,2003 1 2003 2002 2003 2002 1 EUR
      1,006 words
    • 1459 15 LJ Ml Financial Position And Solvency A| (in millions of euro) 2003 2002 Reserves 17,270 14,911 Tier I capital 19,660 17,202 Tier I Tier II capital 19,892 17,414 Total risk-weighted assets 182,820 165,843 Rabobank 5? irado 108 103 BIS ratio 10.9 10.5 Rabobank Head Office Croeselaan 18, 3521 CB Utrecht,
      1,459 words

  • 6734 16 Transaction date: May 25 52-Wk Td Last Vol Day Last Quote GrOtv Mv GrYtd Net MCap High Law Code Cowpwy Sate W- ("OOP) HW Low l»yor Sdhr CV Ht Sm* 25.5 5 5716 1st Software 5c 11.5 -0.5 720 11.5 11.5 11 11.5 45.6 57.9 32 9 5834
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  • 72 16 52-Wk M Last Vol Day LastQwot* Grttv Mv GrYtd Nat MCap HI* law Coda Company Sah W- 000) Ht#i Low >»»« SaMar Cw Pit SmB 2060 2000 6065 Diamonds US2060xd 2120 6095 IS DJ US Tech US3740 6097 IS MSQ Sport US555 555 6101 ISS&P500 US8270 ***** 9650
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  • 1849 16 52-Wk Tel L«t Vol Day Last Quote GrOtv Mv GrYVd Nat MCap Hafc law Cade Ciwpw) W- rooo) Lew »utm S¥tm Cv> Ml SnA 26 115 5000 ABRHIdgsSc 15 12.5 16 28.9 42 15.4 2101 APOilScI 295 +1 60 295 275 285 295 5 N9.1 0.8 11/4 31.1
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  • 305 16 I* Vol Day Last Quote GrfMv Dhr GrVM Not MCac Hy Low Cod; Company Salt COM) Htah Low Inyo 5—f CV Wt jjl m S *****58? »SS? d J 4 t *Si; »S8 "S S ft »i "B 6004 Gadjah 2000 US75.S 11 1 21 46 8818 27
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  • BT motoring
    • 470 17  -  Regent Motors reckons car won't lose popularity. Samuel Ee reports Samuel Ee A THIRD Asean country after Thailand and Malaysia will soon be supplying cars to Singapore. The new Ford Laser scheduled to arrive in Regent Motors' showrooms this weekend will originate from
      470 words
    • 429 17  -  By Samuel Ee FROM next week, the most popular two-litre car in Singapore, the Toyota Camry, will come from Thailand instead of Japan. The facelift of the best-selling mid-sized saloon will also set a precedent for being the first Japanese car to switch origins in the middle
      429 words
  • Page 17 Advertisements
    • 134 17 TV j J l Presented m Diners Club Credit Card 0980 Where to wine, dine and entertain... -MB '188 Edo Sushi $10 Voucher 2,500 pts Snoopy Place $10 Meal Voucher 2,500 pts Bali Thai 10 Voucher 3.000 pts Renn Thai $10 Voucher 3,000 pts Bengawan Solo $10 Voucher 3,000 pts
      134 words
    • 261 17 Gone In 50 minutos 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
      261 words
    • 919 17 HB^^^^^^^^^|JJ^^H||^^^^oadvertijeMlHolHre^Bo^B9BB22^Email^otices®sp^o^Bg IHSBC USA Inc. Parent Company of HSBC BANK USA Head office: 452 Fifth Avenue, New York, NY ***** Singapore Branch: 21 Collyer Quay, #81-03, HSBC Building, Singapore *****0 Telephone: *****906 Fax: *****527 (In thousands) (In thousands) Year Ended December 31 Year Ended December 31 2003 2002 2003 2002 S
      919 words
    • 4 17 l£i Jzr^y W^^^^S»#» JW*»
      4 words
    • 53 17 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 r ~<p to leave you spoilt for choice. Reservations: 6831 6271/72 s M ERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax:
      53 words

  • Page 18 Advertisements

  • SHIPPING TIMES
    • 308 19 Bloomberg VELA International Marine Ltd, a unit of Saudi Aramco, the world's biggest oil company, hired three tankers with capacity of two million barrels each to ship oil to the US as fuel demand rises, brokers including Interocean said. The latest bookings take the number of vessels Vela
      Bloomberg  -  308 words
    • 293 19 SGX '000 May 25 SS Vol CH Offshore _037 unch 890 Oman Hup .0.50 0.01 200 Cosco Investment ,..._.0.76 -0.02 5803 CWT Distribution 0.48 -0.01 1 Ezra Hldgs 0.99 -0.01 205 Freight Links .0.09 -0.01 35 GB Holdings .0.75 unch 0 Jaya Holdings.... 0.78 -0.02 3015 K1 Venture
      293 words
    • 767 19  -  13TH ASIAN SHIPOWNERS' FORUM Mitropoulos hints at role for straits users in any int'l action By Donald Urquhart [SINGAPORE] Asian shipowners have called upon their respective governments to work with the International Maritime Organisation (IMO) to find an effective solution for the ongoing
      ARTHUR LEE  -  767 words
    • Article, Illustration
      67 19 [SINGAPORE] Commandos searching a cargo ship in the Singapore Harbour during a security exercise held jointly by the Maritime and Port Authority of Singapore, PSA Singapore Terminals and Neptune Orient Lines. The aim of the exercise was to test the operational preparedness of the security plans that have
      AP  -  67 words
    • 232 19 AFP [KUALA LUMPUR] Armed pirates believed to be Indonesians have kidnapped four Thai fishermen in the busy Malacca Straits off Malaysia's Penang state, police officials said yesterday Guan Beng Kang, deputy police chief in Balik Pulau district, said the pirates have demanded a 40,000
      AFP  -  232 words
    • 306 19  -  By George Joseph [SINGAPORE] Transport Minister Yeo Cheow Tong yesterday made a strong call for a unified and global support for the work of the International Maritime Organisation and urged individual countries and regional blocs not to make Unilateral decisions where international solutions
      306 words
    • 483 19  -  Platform to discuss Asian perspectives on maritime issues By George Joseph [SINGAPORE] The newly formed Singapore Maritime Foundation (SMF) is introducing an Asian Maritime Lecture series at the World Maritime University (WMU) in Malmo, Sweden, in an attempt to broaden insights on
      483 words
    • 998 20  -  STRAIT TALK By David Hughes LAST week, something very unusual occurred. The International Maritime Organisation's (IMO) Maritime Safety Committee (MSC) took a formal vote. That happens but very rarely at the IMO which prides itself on its consensual decision making. In general,
      FILE PHOTO  -  998 words
    • 189 20 PAGE Aiianca 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
      189 words
    • 13109 25 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name N»mper Number SIN Oesfn Name Name N u -oe- Number 23/06 19/07 Alianca ALIANCA SINGAPORE 403W 65-*****161 To ABIDJAN (ABJ) 2003 Cot* D'I voire 03/06 17/07 COSCO EMPRESS SEA 0155W
      13,109 words
    • SHIPS IN PORT
      • 567 27 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E4129 J3 A/SIDE 26/05 0230 CSAVYOKOHAMA *****S J18/19 A/SIDE 26/05 0500 SHANFURYU. 13A/04 J12 A/SIDE 26/05 0800 SING LH 11 JB4502 J7 A/SIDE 26/05 1700 TRANSINDOI 1 J15 A/SIDE 26/05 0630 TYCOON 13/04 J14 A/SIDE 26/05 0600 BAYSWATER338
        567 words
      • 1700 27 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr AL ABPAll C288E C288E 1 29/05/2004-08:00 29/05/2004-20:00 ALAMJAYA 2 8897N 8897N 1 28A)5/2004 23:00 2905/2004-07:00 AN DA 4125 4125 1 27/05/2004-10:00 27/05/2004-18:00 ANTWERPEN E 30E22 29W19 1 27/05/2004-15:00 2805/2004-11:00 T02
        1,700 words
      • 144 27 May 26 HK: Budha's Birthdy. S.Korea: Budha's Birthdy. May 30 Germany: Whit Sun. Netherlands: Whit Sun. Norway: Whit Sun. Switzerland: Whit Sun. May 31 Belgium: Whit Monday. Brunei: Anni Royal Brunei. France: Whit Monday. Germany: Whit Monday. Netherlands: Whit Monday. Norway: Whit Monday. Sweden: Whit Monday. Switzerland: Whit
        144 words
      • 834 27 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        834 words
      • 614 27 Carbon 180 Max 989.6 0.6 14.2 0.06 46 0.04 May 20 Density Water Residue AshAiuminlum Sediment No above E25 0 0 0 0 0 0 380 Ave 986.3 0.2 13.6 0.04 27 0.02 Cuwi 380 Max 993.2 0.7 17.8 0.07 68 0.04 K6/W3 v/v m/m w/m
        614 words
    • AIR & LAND transport
      • 67 28 [BISCARROSSE, France] Two planes taking part in an international air show in the south-western French town of Biscarrosse touch each other inflight on Sunday, killing one of the pilots. The pilot of the second plane was injured in the accident. The two planes belong to the Nangis Alpha
        AFP  -  67 words
      • 427 28 AFP [PARIS] The fatal roof collapse at a state-of-the-art new terminal at Paris's main airport is a grievous blow to the plans of Air France to transform RoissyCharles De Gaulle into the primary European air transportation hub. Four
        AFP  -  427 words
      • 479 28 Fierce battle for travellers expected as it is Australia's third budget carrier Reuters [SYDNEY] Australia's newest domestic airline took to the skies yesterday as market leader Qantas Airways Ltd launched its own nofills carrier to challenge Richard Branson's discount rival Virgin Blue. As Jet
        Reuters; AFP  -  479 words
      • 967 28 AP [SEATTLE] The first new American commercial jetliner to be built in more than a decade won't be the biggest or fastest passenger plane in the sky. Nor will Boeing's 7E7 Dreamliner stun onlookers with a radically different appearance. Rival Airbus
        AP; AP FILE PHOTO  -  967 words
      • 264 28 AFP [BAGHDAD] Iraq plans to spend US$3OO million on planes and hopes European giant Airbus will come up with a new offer within two weeks, more than a decade after a proposed deal was frozen, the interim transport minister said on Monday. "We have a
        AFP  -  264 words
      • 2169 28 cm FLIGHT HA FLIGHT ETD A***** 1805 SOWS 1900 AtlllKl BA7381 1040 LH9770 2300 SOI47 2230 A***** 1915 LH9771 1840 S0229 2300 Detroit MWH OtOS NW12 0615 0F81 1840 Dtuti $0435 0550 S0436 2030 w<o M owM —ioo Amsterdam S023 0605 KUJt 2255 pjjj S0403 0730
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  • Page 19 Advertisements
    • 10 19 Qantas 1 low-cost arm Jet Star takes off flflr BACKPAGE
      10 words
    • 23 19 Boeing bets on efficiency, comfort for new 7E7 jet BACK PAGE STRAIT TALK Double-hulled bulkers: IMO stops chasing a red herring page 2
      23 words
    • 132 19 |HKI3VI9PIHH Call toll-free 1800 289 8822 NOTICE TO SHIPPERS OF SINGAPORE BRUNEI/EAST MALAYSIA TRADE REVISION OF EMERGENCY BUNKER SURCHARGE The following Lines operating the Singapore Brunei/East Malaysia trade wish to advise shippers consignees that with effect from 7 June 2004 there will be a revision of Emergency Bunker Surcharge to
      132 words

  • Page 20 Advertisements
    • 879 20 I TO USA/CANADA ~1 1 EXPORT 1 I OTHER DESTINATIONS ~1 |vtssa |vor pkg |ITA sih| long »iach| Dallas houstow| mhwphis |chicago| mew yo»k TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00CLNINGB0 01E22 24/D5 11/06 15/06 18/06 16/06 16/06 19/06 VESSEL VOY —ft Ffff Itff SYfr AW 00Q HAMBURG 03E23 01/06 02/06
      879 words
    • 551 20 Lines services represented by Members of the Registry of Accr6^ Shipping Agents, \..y Singopore Shipping Association Members of tHe Singapore Logistics Association g ULY UNE MALE VOY ETA ETA ETA A P.KLANG SPORE MALI Kota Teraju TRJOBI 27/05 07/06 Maid Carrier 747 01/06 30/05 08/06 Princess Lily 0404 06/06 08/06
      551 words

  • Page 21 Advertisements
    • 794 21 MOL Combines a range of shipping modes to ensure timely, reiiabie services covering major porh in Norm America, Europe, Japan, Asia, Africa Oceankj. Also acctpt Intra-Ask Cargoes to: MISAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGOAO BEIAWAN J JAKARTA SURAIAYA KAOHSRING BANGKOK lAEM CHAIANG HOOfIIDUNH PASIR GUDAHC KHANO PORT KIUNG For Schedules,
      794 words
    • 2172 21 NEW WEEKLY *ADX SERVICE TO EAST MEDITERRANEAN ON EVERT FRIDAY GOKRAIAGINTS IN SINGAPORE: 16 RAfFIIS QUAY *16-01 SAIIS/IKGS Til: *****557/43 FAX: 623A5321/24 I SBIOAPORE TO ISXAMMJI "15 DAYS Si S WSiS! PP,NG m ITD ST STO M2057M SSSgi I SINGAPORE TO THESSAIONIKI -16 DAYS CKPIO: M/I/IWUWM TEL 6226 1900 (MAIN)
      2,172 words

  • Page 22 Advertisements
    • 2457 22 WAN HAI INTERNATIONAL FTC LTD a NO: 14M*****00/R t>sr\WAN HAI LINES Y V WTflll llnl klllLJ na IB: (03) SM6MK MX: (09 U4232tt FBI IE: (04) *****00 FAX: 104)*****99 V JOHTH: 107) 2SIW2IWX: (07)*****21 SUB THj <031) *****75 FAX: (031) *****14/ *****0S www uuflnhiii cam <n JtTTH:(#2I) *****11 FAX:(021) *****MP1*
      2,457 words
    • 754 22 BSfl .1. MYANMA m FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEI VOY SIN PKI PEN PGU PAGAN 328W SU) HPA-AN 320W SU> SID IN MALAYSIA: ROUSTIAD SHIPPING AGENCIES KUL 03-*****300 PKL: 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKI KUC BRAVE HEART 94
      754 words

  • Page 23 Advertisements
    • 1458 23 VESSEL VOY SIN PKL PXB BAB DMM BIK CHABAHAR IKHORRAMSHAHR] IRAN SHAHRYAR PCL 8033 29/05 30/05 09/06 10/06 17/06 19/06 21/06 23/06 IRAN ISFAHAN PCL37I SKIP SKIP 15/06 16/06 23/06 25/06 27/06 29/06 IRAN SATTARI PCLBO34 12/06 13/06 22/06 23/06 30/06 02/07 04/07 06/07 IRAN SHAHRYAR PCL 8035 20/06 21/06
      1,458 words
    • 480 23 j t UK CONTINENT SERVICE Loading for KEELUNG RTM/ATW/BMN/U K/NAN Loads Singapore, EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J FRIEND HDD/JDH/AQA J SAFE DBI/ABU/DOH/BRN/DMM/KWT PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT ADN/HDD/JDH/AQA P LAMER DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore, E/W. Malaysia, Indonesia USA SERVICE Loading for SPLIT CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL 'Loads E7W.
      480 words
    • 746 23 as m _mm m sin JKigm pN 27/05 28/05 PAC lIHTAH 2212 27/05 29/05 1115!! 29/05 30/05 ALAMJAYA 2 M ILGS M/ 06 »*WA 1220N 31/05 31/05 MATAKAM EXP 3002 01/ M 03/ nt Wnm 1221!! M 01/06 PAC RINTAN 9250 03/06 06/06 JftOAMfiA 1222 M Sim Q3/Q6 PAC RANDA
      746 words

  • Page 24 Advertisements
    • 709 24 HHH|KIGERSE/k 189N 27 28/05 02-03/06 08-09/06 ■PfWHi TIGER WAVE 190N 31-01/06 06-07/06 13-14/06 I ■MUiiUfl TIGER PEARL 191N 01-02/06 08-10/06 15-16/06 ■rd TIGER SKY 192N 06-07/06 12-13/06 19-20/06 ■igMfl TIGER SEA 193N 08-09/06 15-16/06 21-22/06 TIGER WAVE 194N 13-14/06 19-20/06 26-27/06 087 29-29/05 04 06/06 14-15/06 1 HPfMfflMl DALIAN 648
      709 words
    • 1063 24 FREIGHT LINKS EXPRESS PTJnLTD^ Freight Links Express Logisticentre, Singapore *****3^^i^^|^ bl >W^|| L ATI ST LCL SIRVICI TO BASRA, IRAQ LCL SIRVICI TO CHINA i DALIAN XIAMEN QINGDAO NINGBO FUZHOU PLS CALL FOR BOOKING 6267 4694/5535/5541 /5508/5514/5551 /5560/5563/5565/5569/5553 PROJECT Gr HEAVY LI FT CARGO j| Lawrence Lim 6267 5555, H/P:
      1,063 words
    • 1255 24 m /f S pore Agents: lAL SMpoiaf Aeaacy (S) ft* Ltd ICR NO; 165M*****0Z) \WTm (I 180CaaStmr7lM)3 wicok lank Buildna,Singapore *****6 Cs- ntppasici JLrItXCS M 6323-6466/77 fox: 6323-4433 Wek(lte: www.iittrailtllMl.ctM SUPER EXPRESS SERVICE TO HQNQ KONQ JAPAN j VOT 10« VtSSB IVOT |m [«o« j«u ITTO ITW I MOL ETEtMfTY
      1,255 words
    • 169 24 muHMiSpl BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI VISSB I VOYAGE ETA SINGAPORE ETA KARACH7~| Oiitrol or substitute 022HW 10.06.04 20.0t.04 SEA-PAC MANAGEMENT PTE. LTD. 70 Anton Rood #17-07/08 Apex Tower, Singapore *****5 Telephone: 6270 0977 Facsimile: 6275 2309 >11 Telex: RS ***** SIAPAC DIRECT SIN NAMPO, P.P.R.
      169 words



  • Page 27 Miscellaneous
    • 118 27 Issued by Meteorological Service Division,NEA LEGEND: x Thunderstorm Wind speed symbols V 7 Showers F u 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 -One solid triangle
      118 words