The Business Times, 27 May 2004

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Total Pages: 24
1 24 The Business Times
  • 18 1 THE BUSINESS TIMES MITA (P) 023/03/2004 I Internet: 1 f+ p.//Dusiness-times.asial .com.sg SIN GAPORE THURSDAY, MAY 27, 2004
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  • 552 1  -  They also want tighter definition of independent director: poll By Wong Wei Kong [SINGAPORE] The number of directorships should be capped and independent directors should be free from both management and controlling shareholders, companies polled in a corporate governance survey said. The study,
    552 words
  • 74 1 STI 1,776.70 (+10.28) ST INDEX FUTURES 1,780.00 (+10.00) SIMSCI 216.56 (+1.23) SIMSCI FUTURES 217.50 (+2.40) Wednesday Change KLSE COMP i99.25 +2.77 NIKKEI 225 11,152.09 +189.16 HAXG SENG Closed SET INDEX 609.60 +8.09 JAKARTA COMP 718.01 +0.87 MANILA COMP __1,507.65 +13.75 TAIPEI WPI 6,027.27 +68.89 SEOUL COMP Closed SHENZHEN B
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  • 72 1 FOREX RATES US$ 8$ USS (SS per L'SS) 1.710 £(l'SS/SSper 1.817 3.107 ElRO(i;SS/SS/E). 1.213 2.075 YEN 111.5 65.20 RM 3.800 2.222 HKS 7.795 4.558 BAHT 40.73 23.81 Rl'PlAH 9.255 5,412 RENMINBI 8.277 4.840 INDIAN Rl'PEE..._ 45.36 26.52 AS 1.406 0.822 NZS 1.609 0.941 PRIME RATES SINGAPORE 5.25 MALAYSIA 6.00
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  • 484 1  -  EYE ON THE ECONOMY Analysts now expect strong donble-digit growth for Q2 By Chen Huifen [SINGAPORE] Manufacturing output in April surprised market observers by soaring 22.2 per cent from the same month last year, starting the second quarter on a bright note. The
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  • 798 1  -  UOL clarifies it is seeking to enhance, not unlock, shareholder value By Siow Li Sen [SINGAPORE] As the clock ticks down on Temasek's offer for United Overseas Land (UOL), the investment company said yesterday that its offer provides United
    798 words
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  • vEXT page
    • ON THE grapevine
      • 81 2 WANT to come to terms with your "masculine and feminine" sexual energy? A local education and events organiser is bringing in a "professional sacred sexuality educator and therapist" from America, who may be able to help. Mukee Okan, a "sexual surrogate" trained with the International Professional Surrogates
        81 words
      • 251 2 AS Singapore's "brightest" continue to think up ways to boost marriage and birth rates, here's something a helpdesk recently received: "Dear Tech Support, last year I upgraded from Boyfriend 5.0 to Husband 1.0 and noticed a slowdown in the overall performance, particularly in the flower and jewellery
        251 words
    • 662 2  - More directors being hauled to court and losing 7 in 10 lose case; damages awarded go up to $53m, jail time hits 8 years By Wong Wei Kong [SINGAPORE] More company directors are finding themselves in court and losing, a new study has found. However, the number of cases involving
      Source: Corporate Governance and Financial Reporting Centre NUS  -  662 words
    • 543 2 New home sales also fall on higher interest rates Reuters AP Bloomberg [WASHINGTON] Orders to factories for durable goods fell sharply in April after posting a strong gain in the previous month, reflecting the sometimes bumpy recovery navigated by the nation's manufacturers, the
      Reuters; AP; Bloomberg; AFP  -  543 words
    • 549 2 Expanding global economy boosts the country's exports Bloomberg Bernama [KUALA LUMPUR] Malaysia's economy rose at its fastest pace in more than three years in the first quarter as an expanding global economy lifted demand for the country's exports and local spending grew. Gross domestic product
      Bloomberg; Bernama  -  549 words
  • Page 2 Advertisements
    • 1174 2 mv FibreChem Technologies Limited Registration No. ***** NOTICE IS HEREBY GIVEN that the Annual General Meeting of FibreChem Technologies Limited ("the Company") will be held at Meritus Mandarin, Mandarin Court A-4th Floor, Grand Tower, 333 Orchard Road, Singapore *****7 on Monday, 14 June 2004 at 10.30 am for the following
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  • SINGAPORE companies
    • 674 3  -  If UOL falls under Temasek, current business deals may be reviewed By Joyce Koh A NEW landlord, a new relationship? Much has been written about the potential loss to Wee Cho Yaw and his empire should UOL (United Overseas Land) fall into the hands of Temasek.
      674 words
    • 68 3 Source: Annual Report BANK BORROWINGS* 2003 2002 (Sm) SingLand 430.7 528.3 UIC 474.7 540.5 UOL 855.3 958.2 Hotel Plaza I 137.1 116.0 Total 1,897.8 2,143.0 *As at Dec 31st. There may be double counting as the companies are related. Where UOB branches are located in UOL-related properties
      Source: Annual Report  -  68 words
    • 568 3  -  HOCK lock siew ven sreenivasan IF the Bursa Malaysia-Singapore Exchange talks on cross-listing of companies comes to fruition, Singapore brokers will be able to key their orders directly into the Kuala Lumpur stock exchange's trading platform. This would do away with the current
      568 words
    • 346 4  -  Second such project Fels Setal, French partner are doing for Petrobras By Teh Shi Ning A CONSORTIUM of Keppel Corp unit Fels Setal and French oil and gas company Technip has won a US$639 million deal to build a second offshore
      346 words
    • 320 4  -  By Kenneth Lim ASL Marine Holdings said yesterday that a joint-ven-ture subsidiary has acquired exclusive rights to mine and market coal for the Tabang Coal Concession in East Kalimantan. ASL Energy, in which ASL and private investor Manhattan Investments hold equal stakes,
      CHRIS LOH  -  320 words
    • 169 4 ELECTRONIC components distributor Willas-Array Electronics boosted net profit 47.1 per cent to HK$35.l million as China sales doubled in the year ended March 31. Willas-Array is recommending a cash dividend of 5.461 HK cents about 1.2 Singapore cents a share. Hong Kong, where WillasArray is based,
      169 words
    • 368 4  -  New equipment will support deal to provide testing services to UMCi By Tang Weng Fai HOMEGROWN chip tester Utac looks set to see its capex exceed US$lOO million for this year as it adds a fresh US$2O million to its announced capex,
      368 words
    • 411 5  -  Gains from Ngee Ann City stake sale boosts full-year profit to $222m By Kalpana Rashiwala PROPERTY and retail group Metro Holdings yesterday reported a 20.8 per cent drop in Q4 group net profit to $5.7 million as it no longer reaped rental income
      411 words
    • COMPANYBriefs
      • 63 5 UNITED Overseas Land said yesterday it will launch its Twin Regency freehold condo on Vesak Day (June 2) at an initial launch price of $630 psf on average. It will release 80 of the condo's 234 units in the first phase. The 36-storey
        63 words
      • 35 5 CORTINA Holdings said net profit surged 65.2 per cent to $6 million for the year ended March 31,2004. The company is recommending a dividend of 1.4 cents per share less tax.
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      • 47 5 HIT by fewer vessels coming to Singapore during the Sars outbreak, disaster management specialist Asiatic Group Holdings posted a 28.7 per cent lower net profit of $1.2 million for its FY2004 ended March 31. Revenues fell 19.14 per cent to $10.1 million.
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      • 61 5 SESDAQ-LISTED Food Junction Holdings yesterday announced a 13.6 per cent year-on-year jump in net profit to $3.5 million for the six months ended March 31,2004. This came despite a marginal decline of 1.7 per cent in turnover to $23.7 million. The group has declared an
        61 words
      • 78 5 GB Holdings said net profit for the year ended March 31,2004, fell 26 per cent to $6.5 million because of a slowdown in the US boating industry, as well as $1.2 million in goodwill warranty payments that were made in order to "protect its reputation".
        78 words
    • 327 5  -  By Kenneth Lim NEWLY-LISTED China Cast Communication Holdings said net profit in 2003 almost trebled to HK$3l.5 million from HK$ll million but investors aren't too sure what to make of it. Despite its 186.1 per cent bottomline growth, investors at the China-based satellite service
      327 words
    • 390 5  -  By Serena Ng ENGINEERING services and geo-spatial technology group Boustead Singapore yesterday said net profit for the year ended March jumped 55 per cent to a record $13.3 million as its restructuring efforts continued to affect its bottom line positively. The mainboard-listed company also
      390 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 532 4 Drake Executive Search provides you with the expertise to match quality executives Professionals and Managers from middle to senior management positions, within your industry Our consultants bring a wealth of experience, assisting you in your search for the highest calibre of professionals and managers while allowing you to remain focused
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    • 792 4 X Chiao Tung Bank Co., Ltd. (Development Bank incorporated in Taipei, Taiwan R.0.C.) board of directors Chairman Shen-Chih Cheng NTS in US$ in Managing Directors Mr. Duei Tsai, Ph. D. ASSFTS Thousands Thousands Mr. Pao-Sheng Wei Cash and due from banks and the Central Bank 64,524,030 1,897,877 Mr. Feng-YI Huang
      792 words

  • Page 5 Advertisements
    • 598 5 December 2003 Orchid Structured Finance CDO, Limited Orchid Structured Finance CDO, LLC $175,000,000 Class A-IMM Floating Rate Term Notes, Due 2038 $32,500,000 Class A-2 Floating Rate Term Notes, Due 2038 $19,375,000 Class B Floating Rate Term Notes, Due 2038 $6,250,000 Class C-l Floating Rate Term Notes, Due 2038 $5,000,000 Class
      598 words

  • SINGAPORE markets
    • Article, Illustration
      641 6  -  Compiled by VEN SREENIVASAN Keppel Corp May 26 dosing: $6.80 KEPPEL has announced that its 60 per cent-owned subsidiary Fels Setal, in a consortium with Technip Engenharia SA, has been formally awarded the US$639 million P5l contract to build a semi-submersible production platform for Petrobras. Fels Setal and
      Source: Bloomberg  -  641 words
    • 300 6  -  HOT STOCK WARRANT By Ven Sreenivasan GIVEN the state of the property market, most investors will not touch a construction sector stock with the proverbial 10-foot pole. Which is probably why many of these stocks are illiquid and languishing. One such
      Source: Bloomberg  -  300 words
    • 535 6  -  BT comment STOCKS r. sivanithy AS bounces go, yesterday's 10.28-point rebound by the Straits Times Index at 1,776.7 looked impressive when viewed in isolation. But in reality it simply took the benchmark back to where it was on Tuesday, bringing to mind the
      Source: Bloomberg  -  535 words
    • 450 6 Reuters [SINGAPORE] Indonesia's rupiah steadied yesterday while staying close to the previous day's 19-month low and other Asian currencies rallied after a rise in the yen and in most of the region's stock markets. The Singapore dollar rose to 1.71 per dollar, its highest in
      Reuters; AFP  -  450 words
    • TRADES TO WATCH
      • 79 6 PRIVATELY held See Hoy Chan Equities has become a substantial shareholder of recently listed Asiapharm Group. Yesterday it bought one million shares at 44.5 cents apiece, raising its direct stake in the China-based pharmaceutical manufacturer and supplier to 5.21 per cent from 4.96
        Source: Bloomberg  -  79 words
      • 76 6 A SUBSTANTIAL shareholder of Interra Resources, Stoneage Ventures, on May 25 sold 15 million shares of the oil and gas company in a married deal. The sale of the 1.56 per cent stake reduced Stoneage Venture's deemed shareholding in Interra to 4.68 per cent. Interra
        76 words
      • 61 6 FUND manager Schroder Investment Management has reduced its deemed shareholding in precision metal components maker Seksun Corporation to 8.16 per cent from around 8.98 per cent. This followed a series of transactions by one of its units on May 24, involving a sale of 2.7
        61 words
      • 69 6 AN independent director of Raffles LaSalle, Henry Tan, yesterday picked up 100,000 shares of the education provider at around $1.10 a share. The purchase took place the same day Raffles LaSalle reported a doubling in its nine-month net profit to $7.5 million. Mr Tan did
        69 words
      • 80 6  -  Compiled by SERENA NG A DIRECTOR of one of Haw Par Corporation's subsidiaries, Bruce John Mackay, sold all his shares in the healthcare and leisure group on the open market on May 25 and 26. He sold 20,000 shares at $4.76 and 4,000 shares
        80 words
    • Article, Illustration
      412 6 OTHER SINGAPORE INDICES May 26 VALUE CLOSE BTOB/OS J.34.00 _+110.00 BTCADI -*****.00 +97.00 BT 10-day MA -*****.00 -13.00 AH-SG Equities 477.48 +2.49 SG Equities Elect 159.86 +2.74 SG Equities Fin 1459.38 +13.73 SG Equities Prop 400.78 +3.51 SMISa 216.56 +1.23 SHMSCI Futures 217.50 +2.40 Stock* Volume Irrterra 5c 56,244,000 Bio-Treat
      412 words

  • BLUEchips
    • 955 7  -  Investors have been happy to overlook its unexciting earnings for steady dividends, but for how long, WONG WEI KONG wonders WONG WEI KONG ONCE a laggard, Singapore Post has turned market beater in recent months. Investors, it seems, are happy to overlook its unexciting
      FILE PHOTO  -  955 words
    • 135 7 THE Singapore Exchange (SGX) will be holding a three-day investment fair this weekend aimed at educating the retail investing public. More than 30,000 retail investors are expected at the fair at the Suntec Singapore Hall 601 from tomorrow till Sunday. The last SGX investment fair
      135 words
  • Page 7 Advertisements
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  • EXECUTIVE suite
    • 727 8  -  Official policies behind more stable prices here, Vince Chong reports Vince Chong MANY a property player in Singapore has been left scratching his head in the past year wondering why the sector here is still playing catch-up to Hong Kong's, especially when real estate
      727 words
    • 347 8  -  The two properties have unanimous nods from owners for collective sale By Kalpana Rashiwala ANOTHER two collective sales hit the market today, bringing the total launched so far this year to 11. The latest two properties Riveria View in the River Valley area
      347 words
  • Page 8 Advertisements
    • 1554 8 FOR SALE BY TENDER PRIME FREEHOLD RESIDENTIAL SITES 3 9 I RIVERIA VIEW Novm* MNT 1 SURREY MANSIONS S t\°ar uJ? 20 RIVER VALLEY CROVE ®««n.so •«SURREY ROAD Vo- A w,sm< N9««Ann woven* >q fcd 5 A,r Clty Land area -14,057 sq ft Land area 6,969 sq ft a feJttltr
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  • SINGAPORE news
    • 398 9  -  Identify one by using an index of coincident indicators, he says By Anna Teo THE conventional definition of recession popularly subscribed to here two consecutive quarters of negative growth is neither a sufficient nor necessary, or valid, condition, says economist Victor Zarnowitz,
      398 words
    • 416 9  -  By Chuang Peck Ming THE seeds of a culture of corporate social responsibility (CSR) were sowed yesterday with the launch of a tripartite panel to drive businesses to be more caring of workers, the community and the environment. "The committee will cause Singapore
      416 words
    • 213 9 TUAS Power yesterday said its deputy chief executive officer (operations) Lim Kong Puay will become chief executive officer on July 1. He succeeds Lau Gar Ning, who will become director (special duties). Announcing the changes, Tuas Power, a wholly-owned subsidiary of Temasek Holdings, said Mr
      213 words
    • 540 9  -  By Joyce Koh SINGAPORE is one of the largest buyers of terror-re-lated insurance in Asia, where the interest generated by terrorism activities is substantial and growing. "Singapore is very exposed. It is a model of a successful, peaceful and welloff place that is
      ARTHUR LEE  -  540 words
  • Page 9 Advertisements
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  • EDITORIAL & opinion
    • 770 10  -  THE bottom line OPINION frank ching THE conciliatory inaugural address by President Chen Shui-bian, taken together with a major statement a few days previously by Beijing, show that both Taiwan and mainland China are eager to avoid a confrontation. It is now conceivable that,
      770 words
    • 84 10 'What do you think? I think Iraq needs 10 years, and then there will be peace. Because in 10 years, finally, all the Iraqis will be dead.' -Ayad Salman Iraqi police officer, after an attack on a police station in which one US soldier was wounded. The
      84 words
    • 589 10 EDITORIAL IN financial matters, it is customary to distinguish "investing" and "speculating" by the time horizons of the players. Investing is considered the more respectable of the two activities, since "investors" are assumed to be buying for the long term. Speculating is typically frowned upon because "speculators"
      589 words
    • 1315 10  -  With their eyes on voters, the Democrats and Republicans are arguing about whether the US Strategic Petroleum Reserve should be tapped From Leon Hadar in Washington WITH the petrol price in the United States reaching more than US$2 a gallon and oil trading
      REUTERS  -  1,315 words
  • Page 10 Miscellaneous
    • 209 10 CRYPTIC CROSSWORD house —it can be a game! (8) I HKj 9H HR 23 Food for breakfast? This pertreatment (6,6) DOWN completely somersaulted, Across: 1 Allegation, 6 Data, 10 1 After a short time a bee dis- went back over (8) Sepia, 11 Executors, 12 Replaced little creatures (7) 16
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  • REGIONAL news
    • 353 11 KUALA LUMPUR Changes will also affect wholly owned mobile phone unit Celcom SOME major board-level changes are expected this week at Telekom Malaysia Bhd and its wholly-owned mobile phone unit Celcom (Malaysia) Bhd following the government's move to revamp government-linked companies (GLCs), Malaysian Business
      353 words
    • 203 11 KUALA LUMPUR TRADEWINDS (M) Bhd and Johore Tenggara Oil Palm Bhd (JTOP) have signed an agreement to merge their oil palm businesses worth RM687.12 million (Ss3o9 million). The deal will make Tradewinds one of the largest plantation groups in the country, and
      203 words
    • 251 11 KUALA LUMPUR Bloomberg APPLICATIONS for spending on new Malaysian factories and plant equipment in the first quarter dropped almost by a fifth in value as companies held back investment plans amid concerns economic growth will slow. The Malaysian Industrial Development Authority's
      Bloomberg  -  251 words
    • 447 12 Presidential candidate aims to tare investors back, wants GDP growth to hit at least 7% By Taila Kriahnakumar [SINGAPORE] Indonesia's legal structure, corruption and infrastructure are the challenges it must tackle in order to attract foreign investments, Susilo Bambang Yudhoyono,
      AFP  -  447 words
    • 306 12 KUALA LUMPUR AP Reuters MALAYSIA'S prime minister will lead a delegation of more than 100 business and government leaders to China this week in a bid to drum up trade and promote ties, officials said. The five-day visit, starting today, is Prime
      AP; Reuters  -  306 words
    • NOTEBook
      • 70 12 [SINGAPORE] To help promote international trade in the region, the Asian Development Bank (ADB) has launched a US$l5O million trade finance facilitation programme to support international banks in taking commercial and political risks on local banks in countries vulnerable to crisis. Under the scheme, ADB will
        70 words
      • 84 12 Bloomberg [JAKARTA] PT Pertamina, Indonesia's state oil company, may refine as much as 60,000 barrels of crude oil a day in Singapore or other countries to ensure sufficient fuel supplies during presidential. elections in July. It needs additional refining capacity because it's shutting its
        Bloomberg  -  84 words
      • 88 12 Bloomberg [KUALA LUMPUR] Gamuda Bhd, Malaysia's No 2 builder by market value, said it agreed with the government of Laos to build and operate a RMI.S billion (***** million) hydroelectric power project in the republic. The dam will be able to supply as
        Bloomberg  -  88 words
      • 73 12 AFP [HONG KONG] American country rockers The Eagles have landed a lucrative deal to play the most expensive rock concert in Hong Kong history, organisers said yesterday. The ageing hippies, whose 1970s hits include Hotel California and Peaceful Easy Feeling, will reap a bumper
        AFP  -  73 words
      • 65 12 AFP [JAKARTA] Former military chief Wiranto, the presidential candidate for Indonesia's largest party Golkar, won a big boost for his campaign yesterday with an endorsement from the country's third largest party. Ex-president Abdurrahman Wahid announced that the National Awakening Party which he founded will
        AFP  -  65 words
      • 65 12 AP [BANGKOK] Hundreds of chickens have died of bird flu at a research farm in northern Thailand in a new outbreak of the disease that had appeared to be on the wane, an official said yesterday. Agriculture Ministry officials have culled about 1,000 chickens
        AP  -  65 words
      • 48 12 Reuters [KUALA LUMPUR] Malaysia's Sime Darby yesterday named Ahmad Zubair Murshid as its new chief executive to succeed Nik Mohamed Yaacob, who is retiring on June 12. Mr Nik Mohamed, 55, however, will remain on the Sime board as non-independent, nori-executive director.—Reuters
        Reuters  -  48 words
      • 72 12 AP [SHANGHAI! Adding to worries over inflation, growth in prices for key industrial commodities, including oil and non-ferrous metals, soared to its highest level in eight years in April, the government said. The producer price index, which measures the cost of products as they leave
        AP  -  72 words
    • 564 12 NEW DELHI Bloomberg INDIA'S plan to sell stakes in its two biggest airports may be delayed as the new government of Prime Minister Manmohan Singh negotiates with communist allies who oppose selling profitable state assets. "The fact that communist parties are there is
      Bloomberg  -  564 words
  • Article, Illustration
    1087 11 Transaction date: May 26 INTERBANK CROSS RATES AS C$ Rmto Euro HK$ Ind Rs Rupiah Yen Won BM NZ$ Pak Rs Peso S$ Bind Sfr HT$ Baht Pound US$ Australia 0.974 5.889 0.586 5.545 32.268 65.845 0.793 8.392 2.704 1.144 41.033 39.811 1.217 4.685 0.903 23.876 28.974 0.392 0.711
    1,087 words
  • 1644 11 5IC0M FUTUKES May 21 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) interest Jun 04 235.25 Jul 04 234.00 Aug 04 234.50 Sep 04 233.75 Oct/Dec 04 232.75 Jan/Mar 05 234.50 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
    1,644 words

  • Page 12 Advertisements
    • 1073 12 6 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES Head Office: 9 Rutchadapisek Road, Ladyao, Jatujak, Bangkok *****. Annual Report For The Year Ended December 31,2003 Unit: Million Baht ASSETS 2003 STATEMENTS OF INCOME 2003 CASH 13,190 INTEREST AND DIVIDEND INCOME INTERBANK AND MONEY MARKET Interest on loans 21,636
      1,073 words
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  • WORLD news
    • 543 13 LONDON They are drawn by surge in demand and cut in global production capacity WITH heavy investment fund buying driving oil prices up 27 per cent this year to a 21-year high, opinion is divided on whether large funds are buying on the basis
      543 words
    • WORLDWatch
      • 88 13 AP [BOSTON] PricewaterhouseCoopers said it would pay US$5O million to settle a lawsuit filed by Raytheon Co shareholders who claimed the auditing firm signed off on misleading financial statements by the defence contractor. "This settlement sends a strong message to auditors and other gatekeepers that they
        AP  -  88 words
      • 100 13 Reuters [LONDON] Christopher Gent (right), the former boss of mobile phone giant Vodafone pic, will take the helm at GlaxoSmithKline as non-executive chairman from Jan 1,2005, the drugmaker said yesterday. Mr Gent will succeed Christopher Hogg, who retires on Dec 31. Mr Gent will join GlaxoSmithKline
        Reuters  -  100 words
      • 65 13 Reuters [NEW YORK] JP Morgan Chase Co and Bank One Corp shareholders on Tuesday overwhelmingly approved the companies' US$55 billion merger, which will create the No 2 US bank. The banks expect the merger to close around mid-year, pending Federal Reserve approval. The combined
        Reuters  -  65 words
    • 204 13 BERLIN Reuters LEADERS from the world's top economic powers will say they expect strong global growth next year when they meet in the United States next month, Financial Times Deutschland quoted German sources as saying on Tuesday. The paper cited the sources as
      Reuters  -  204 words
    • 326 13 LONDON Reuters LARGE investors' long-term faith in emerging markets are still intact, though over the past month equities have tumbled and debt spreads have climbed, hammering their portfolios, analysts say. The losses and retreat are seen as short to medium term and they believe the fundamentals
      Reuters  -  326 words
    • 527 15 NEW YORK It has to prevent higher energy prices from becoming embedded in core inflation Reuters JUST when the US economy seems to be hitting its stride, the surge in oil prices creates a fresh dilemma for the Federal Reserve as it
      Reuters  -  527 words
    • 346 15 NEW YORK Fears of Fed raising interest rates creates spectre of a sharp market decline Reuters INVESTOR confidence in the US has declined amid concerns that the Federal Reserve will raise US interest rates and increased worries about the stock market, a
      Reuters  -  346 words
  • Page 13 Advertisements
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    • 1701 13 WOORI BANK (INCORPORATED IN THE REPUBLIC OF KOREA) CONSOLIDATED BALANCE SHEET AS AT DECEMBER 31,2003 (US$l W1195) Consolidated Balance Sheet Independent Auditors' Report As of December 31,2003 and 2002 To the Board of Directors and shareholders of Woori Bank Co., Ltd: Korean Won 2003 /in ti'ui .i 2002 We have
      1,701 words
    • 52 13 lYesr It? Friday Fashion Nrte at Discovery Publ Coma watch a bevy of beauties show off the latest in ieieura wear. It's also Happy Hours from 3pm to Bpm on weekdays all dayweekends. IS-MllLaJlfltflTCl RAFFLES MARINA 10 Tuas West Drive 56J8404 Tel: 6*61 8000 Fa* 6861 1020 Email: ahoy#rafnesmanna.com.sg Web
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      44 words

  • 4809 14 Transaction date: May 26 HONGKONG v<>. HK Exchanges Clearing 15.45 -0.25 2675 May 25 HKS +1- 000 HKR Int'l .2.33 0.08 5460 Hong Kong Electric 31.50 -0.20 2697 Aeon Credit 4.50 unch 40 Hongkong Chinese 0.96 0.01 736 Aeon Stores 5.35 0.20 50 Hongkong Chinese Ltd 0.98 0.01
    4,809 words
  • 2294 14 Transaction date: May 26 KUALA LUMPUR £3 eaS dm coooi George Kent 0.82 0.01 100 —Globetronics Teth .0.52 0.02 5403 ASM Realty 1.44 0.09 11 C^f: hd c 22] AbrK.ZZl 0.63 0.03 138 G°W 0.41 0.0 186 ACP Industries 2.00 0.02 59 Golden Frontier .0.76 0.01 14 Advance Synergy
    2,294 words
  • 905 14 Transaction date: May 26 sttfc—■— «w ow o~»\ a—o> m o— ai» Allgreen 50c 0.29 0.935 +0.015 NO. 1.65 2070 ♦0.060 Bit Inrtl US20c 0.39 0.735 OCBC 9.03 11.800 +0.100 CapitaLand 0.96 1.270 40.030 Partway H 25c 0 59 1.120 -0.010 Chart SemiCond 26c 1-22 1420 People'! Food HKSOc
    905 words
  • 797 14 BONDS WARRANTS Pram Expiry Tel Last Vol Conv txer Disc Gear- Mths CXt Salt ♦<*- rOQO) totto Mo h> U* 3779 ASL Marine Hkigsw0e0401 15.5 halt 1 53 21 3.65 47 3698 AST1W*****1 36 1.5 77 1 16 1.44 1 3697 Acma Ltd W*****6 j0.5 1 50 742 12.00 6
    797 words
  • Page 14 Advertisements
    • 34 14 IM Insiders'trades. Brokers'recommendations. Dividend table. HL BlJSI \IjSS LVILS I The pages also cover transactions by directors and substantial shareholders. I I II In other words, news you can use. H IIUmm I W
      34 words

  • 6691 15 Transaction date: May 26 tt-Wk Tal Last Vol Day List Quote Grttv Dtv GrYtd Nat MCap High Law Code Compaq SaU C000) Htfi Low Buy Mhf Cvr n Sai 255 5 5716 1st Softwares 11.5 unch 2491 12 11.5 11 11.5 45.6 579 32 1 5?£ to Sonk5c
    6,691 words
  • 69 15 W Vol (toy Lm Quote GrtMv Wv GrYM Net MCap m+lrn, Ca4» Cl1l«r M« W- COOP) Mijfc Low turn S+m Cw WE >3 2060 2000 6065 Diamonds US2060 2120 6095 IS DJ US Tech US3740 6097 IS MSG Spore US555 6101 ISSAP500 U***** ***** 9650 6170 SPDRS... US*****a)
    69 words
  • 1910 15 J«l 1st Vol Day Lart Quote GrfNw Otv GrYM Net MOn MH» I—r Co* Oiupwy M» +J- (UdO) Hi* law «uyor SdNr Cw P/l sini 26 11.5 5000 ABRHIdgsSc 12.5 -2.5 5 12.5 12.5 13 16 241 ™1 APO.I5C -29.5 28 29.5 5 N9.1 0.8 11.4 311 46.5
    1,910 words
  • 347 15 52 Wk Tal Last Vol Day Last Quote GfOiv Mv GrVW Net MCap Low Coda Cimp—y Sala W- (POO> Nij» Low »My«r Safcr S Cvr Ml HA 228 125 6000 AVJermmgs A25C A204cd 2S7 207 201 203 209 40 8.8 4.9 7.7 4391 6001 Cathay Pac 20c HK720
    347 words

  • BIZIT
    • 582 16  -  BT exclusive Infineon Technologies tells Tang Weng Fai the market for automotive chips will be worth US$18.7b by 2007 Tang Weng Fai THE vehicle you drive in the future will be driven more by semiconductors than by you. By 2010, every car produced
      Source: Info n Technologies  -  582 words
    • 310 16 NYT [SAN FRANCISCO] Hoping to increase its share of business from the world's telcos, Cisco Systems has unveiled its fastest-ever router, a device used to direct data traffic over the Internet. Cisco leads in the router business, but faces a challenge from rival Juniper Networks.
      NYT  -  310 words
    • 457 16 Cocktail apps like games, ring-tones, likely to take off By' Raja Chellam NEW mobile consumer applications including gaming, ring-tones, video, and music are set to drive traffic and generate revenue for mobile operators worldwide. The mobile consumer applications market will be
      457 words
    • 230 16 Bloomberg [SAN FRANCISCO] IBM Corp increased its lead over Hewlett-Packard and Sun Microsystems in the worldwide server market, Gartner Inc said. IBM's share of the US$ll.B billion market for servers advanced to 31 per cent in Q1 2004, from 29 per cent a
      Bloomberg  -  230 words
  • 4042 16 UNIT TRUSTS FUNDS Indocam Asia Vision!" 1.005/1.066 DBS Anit Mat ABM Amro Asset Mgt (S'port) Shenton TweiGty 125/1.305 Sar Europe Eqty!" (172# Japan Growth!*' 0.87/0905 5tar Euope Bond 1.234/ Mendakj Cap Pro Fd 0.961/ Star Europe Bal 1.035/ Shenton Thrift!" 1 955/2.04 Star Asian Tiger Eqty 0.835/ Shenton Income 1.41/1.455
    4,042 words
  • Page 16 Advertisements

  • SHIPPING TIMES
    • 308 17 Reuters SINGAPORE blinker or ship fuel prices eased yesterday under pressure from lower benchmark crude and traders' fear that booming refining margins will soon increase fuel oil supplies. Traders pegged 380-centistoke (est) bunker fuel oil prices at US$lB9-US$l9O a tonne, down US$3-US$5 from Tuesday, while lighter 180-cst was
      Reuters  -  308 words
    • 292 17 SGX '000 May 26 Si Vol CH Offshore 0.38 0.01 448 ChuanHup 0.49 -0.01 297 Cosco Investment 0.77 0.02 6996 CWT Distribution 0.48 unch 0 Ezra Hldgs .0.99 unch 90 Freight Links 0.10 0.01 820 GB Holdings 0.75 unch 0 Jaya Holdings 0.81 0.03 3548 K1 Venture 0.26
      292 words
    • 640 17  -  PSA's initiative to enhance service and meet industry's growth By Donald Urquhart [SINGAPORE] PSA Corporation has placed an order worth $120 million for 12 super post-panamax quay cranes for installation at its new berths at Pasir Panjang Terminal (PPT) from 2005. The
      FILE PHOTO  -  640 words
    • 378 17 He agreed to ship night vision equipment to Hezbollah Reuters [NEW YORK] The head of a Canadian shipping company has been charged with agreeing to ship the highest level of night vision technology equipment to a terrorist organisation, federal prosecutors said. Naji
      Reuters  -  378 words
    • 48 17 [KHOZESTAN, Iran] An aerial view of the new wharf created specifically for the import of ironstone, during its opening ceremony in the Persian Gulfport of Imam Khomeini, Khozestan province, 1,000 km south-west of Teheran. The wharf was inaugurated by Iranian president Mohammad Khatami on Monday. AP
      AP  -  48 words
    • 346 17  -  HYUNDAI NO 105 SINKING Markers and guard ships in place to prevent accidents involving wreckage By George Joseph [SINGAPORE] Salvors inspecting the wreckage of the sunken car carrier Hyundai No 105 south-east of Sentosa have so far not been able to detect
      346 words
    • 116 17 [HONG KONG] A group of pirates raided a cargo vessel loaded with chicken feet near a Hong Kong island but fled empty-handed when police arrived, police and news reports said. Seven sailors on board the cargo ship jumped into the sea off outlying
      116 words
    • 190 17 AFP [BEIJING] China is introducing a new automatic system to identify ships plying the Yangtze in an attempt to protect its largest river from "potential terrorism", state media said yesterday. The system will keep track of all ships on the river,
      AFP  -  190 words
    • 6908 22 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 30/06 06/08 NGPL TEIGNBANK SP176 65-*****288 To ABIDJAN (ABJ) 2003 Cot# D'lvoire To DURBAN (DUR) 2118 South Africa 07/06 11/07 CMACGM APL
      6,908 words
    • SHIPS IN PORT
      • 602 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER338 E4130 J3 A/SIDE 27/05 0200 GOLDEN SUN ***** J8/9 A/SIDE 27/05 2300 KALTIM EXP 2419E J15 A/SIDE 27/05 0600 KALTIMFT3606 05/001 J7 A/SIDE 27/05 0630 LA PALOMA 307W J18/19 A/SIDE 27/05 1200 MARCOPOLO 90 02/04J J13 A/SIDE 27/05
        602 words
      • 1743 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MARGUERI 031S 031S 1 30/05/2004-15:00 31/05/2004-07:00 ACX MARIGOLD 014N 014N 1 30/05/2004-14:00 31/05/2004-02:00 AKSOY TRUVA 0417 0416 1 30/05/2004-13:00 30/05/2004-21:00 AL ABDALI C288E C288E 1 29/05/2004-08:00 29/05/2004-20:00 ALAMJAYA 2
        1,743 words
      • 142 23 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
        142 words
      • 841 23 3UC£ lanoi II v IWJ THIS report, compiled by Cockett Ma rine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett
        841 words
      • 576 23 Car5on 180 Max 989.6 0.6 14.2 0.06 46 0.04 May 20 Density Water Residua AsliAlumlnluwi Sediment a^° ve t25 a -A n T 380 Ave 986.3 0.2 13.6 0.04 27 0.02 380 Max 993.2 0.7 17.8 0.07 68 0.04 X6/W3 s m/m st m/m ppm mtthod
        576 words
    • AVIATION news
      • 1193 18  - Please check in and wish your baggage well Sticky fingers or careless hands, claims for missing or damaged items after screening are piling up in US By Susan Stellin NYT [NEW YORK] EVER since the US government began screening checked luggage for explosives at the end of 2002, the airlines
        NYT; BLOOMBERG FILE PHOTO  -  1,193 words
      • 103 18 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Foong Sun 5 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 IRISL 5 Kyowa 5
        103 words
    • AIR & LAND transport
      • 987 24 Competition from budget carriers will limit room for fare increases: analysts Bloomberg [SINGAPORE] Singapore Airlines, Qantas Airways and Japan Airlines System may fail to fully counter higher jet-fuel costs by raising fares because of competition from new discount carriers, analysts
        Bloomberg; FILE PHOTO  -  987 words
      • 546 24 No re-opening allowed till inquiry results are known AFP [PAßlS] The renowned French architect who designed the showcase terminal at Paris' Charles de Gaulle airport, which partly collapsed at the weekend, on Tuesday visited the site of the deadly disaster. Paul Andreu, 65, stepped
        AFP; AP  -  546 words
      • 205 24 Bloomberg [CHICAGO] Boeing Co, the world's second-biggest defence contractor, said more than 2,800 workers in California, Missouri and Maryland accepted a three-year contract offer approved by their union last week. The International Association of Machinists and Aerospace Workers recommended that members vote
        Bloomberg  -  205 words
      • 342 24 Bloomberg [MELBOURNE] Virgin Blue Holdings, Australia's sec-ond-biggest airline, will build a As 24 million (5528.8 million) base at Brisbane Airport that will be able to service its own and other carriers' aircraft. Construction will begin within four months and the facility should be
        Bloomberg  -  342 words
      • 165 24 Bloomberg [PARIS] European airlines' passenger traffic rose 20 per cent in the week ended May 16, as demand on Far East routes rebounded from the outbreak of severe acute respiratory syndrome a year earlier, an industry group said. Traffic to Asia
        Bloomberg  -  165 words
      • LOGBook
        • 121 24 Reuters [NICOSIA] Cypriot national carrier Cyprus Airways plans to shut down units in a cost cutting drive, a source familiar with the matter said yesterday. The airline, which is majority state owned, is facing stiff competition from private carriers and is burdened by a
          Reuters  -  121 words
        • 68 24 Reuters [FRANKFURT] European planemaker Airbus SAS expects to win a billion-euro (Ss2 billion) contract from China Eastern Airlines by the beginning of June, according to a German newspaper. A contract for 10 A 330 planes is almost ready to be signed, the Handelsblatt
          Reuters  -  68 words
        • 72 24 Reuters [PARIS] The collapse of a terminal roof at Charles de Gaulle airport over the weekend will not delay the entry into service of Air France's A3BO superjumbo jets, the airline's chairman said yesterday. Speaking on French radio station Europe 1, Jean-Cyril Spinetta also
          Reuters  -  72 words
        • 69 24 AFP [MANILA] Independent Philippine airline Cebu Pacific Air is to spend US$3OO million on 14 new aircraft as part of a major expansion programme. The airline's vice-president for corporate planning and external affairs, Peggy Perez-Vera, confirmed the expansion plans yesterday. She said
          AFP  -  69 words
      • 2056 24 CITY FLIGHT ETA FLIGHT ETD EK348 1650 ***** 2325 lllllHl LH9771 1840 M7382 2215 "430 2005 $0230 1840 0FB2 2215 Fr«ktart *£9951 0610 U«7M 1345 tmlmtm 5023 0(05 6*974 0130 L" 97 2 0630 MJK 045 KL837 1450 KL838 2255 *>" 0630 BAT305 2255 5024 2345
        2,056 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 656 18 ysssm^mmmmm* j j I IMPORT ~1 NORTf[AMERjCA P| I AUSTRALIA/NEW ZEALAND SMPFR MffTl F EXPRESS (8830 —?~r aurxnarwiiLCCArwewpKHg AUSTRALIA ASIA EXPRESS (AAX) VESSEL VOY LGI SIN PKG 1 ooaHAMBURG VOY B* syd mel__adl m_ jm_ _m_ PIO NEDUOYD HOUTMAN 22W20 19/05 06/06 08/06 PtO NEDUOYD ADELAIDE 77N OMIT ,7/05 19/05
      656 words
    • 540 18 Lines services represented by if Mem sers R °9» tr r V Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association p ULY LINE MALE ZvESSEL VOY £TA ETA HA A P. KLANC SPORE MALE Kota Teraju TRJOBI 27/05 07/06 Maid Corrier 747 01/06 30/05 08/06 Princess
      540 words

  • Page 19 Advertisements
    • 740 19 —MOt Combines a range of shipping modes fo ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. J Also actopt Intra-Asia Carfoes to: BUSAN KWANGYAN6 SHANGHAI YANIIAN XIAMEN QMGDAO BELAWAN J JAKARTA SURABAYA KAOHSIUNG BANGKOK LAEM CHABAHG HOCHUHWH PAStt GUDANG PEHAHG PORT KHANG For
      740 words
    • 875 19 GENERAL AGENTS IN SINGAPORE: 16 RAFFLES QUAY #36-01 SALES/BKGS TEL 6420 5857 /43 FAX: *****321/24 COSTAR SHIPPING PTE LTD hongleongbuilding outwardib/u *****302 *****325/75 CR NO. **********0 M SINGAPORE *****1 INWARDffVO) 6420 5786 *****319/49 jnunasnmnF TEL 6226 1900 (MAIN) T/SHIPDEP *****825 *****316/46 COSTAR AGENCIES (M) SDN BHD TEL 07-353 8166 FAX:
      875 words
    • 551 19 SIN PKG GOLDEN TRADE 402N I 1/4 I 2/4 4/4 NEW DYNAMIC 041 A ~WT 30/5 HERTFORD 004N I 8/4 I 9/6 11/4 1 PERTH BRIDGE 055 A 3/ 4 5/4 I GOLDEN MERCHANT 471 M I IS/4 I 14/4 lU/4 1 I PERTH BRIDGE 056* 17/4 1 9'6 *VSI
      551 words

  • Page 20 Advertisements
    • 1244 20 pt i WN WAN HAI LINES Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: lb V£ w i eur#e ROTTERDAM HAMBURG ANTWERP CALLING SIN EVERY Saturday For more details, call HOTLINE: 6226 1588 1800-*****00 «/AnTn AiiA nortrans shipping agencies /V /VMA<||<XX|\|S 29 Int'l Business Pork #05-05 Acer
      1,244 words
    • 788 20 EISA x l W!TcTgT l Tsl''j^^BF MYANMA m FIVE STAR LINE (Myanmar National Line) Loading for Yangon WSSEL VOY SIN PKL PEN PGU PAGAN 328W SU> HPA-AN 320W $10 SID IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL
      788 words

  • Page 21 Advertisements
    • 1443 21 [VESSEL VOY SIN PKL DXB BAB DMM BIK CHABAHAR |KHORRAMSHAHR IRAN SHAHRYAR PCL 8033 29/05 30/05 09/06 10/06 17/06 19/06 ***** 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 PCI 8035 20/06 21/06
      1,443 words
    • 485 21 UK CONTINENT SERVICE Loading for KEELUNG RTM/ATW/BMN/UK/NAN Loads Singapore, EJW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J FRIEND HDD/JDH/AQA J SAFE DBI/ABU/DOH/E3RN/DMM/KWT PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT ADN/HDD/JDH/AQA PLAMER 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 EJW. Malaysia, Indonesia F.E./S.E.A. SERVICES
      485 words
    • 628 21 -ffisa VOY JIN PGU PA( UliH 27/05 28/05 PAC iINTAN 9249 27/05 29/05 29/05 30/05 I AUMJAYA? ~M9» Mil fi'/S 12?2* 31/05 31/05 MATMAMHP 3001 ttUflfi 03/0* p *<i >*WQ» 1221N SLZS4 01/06 PAC UNTAX 9250 03/06 06/06 WIAWPA I L222H 02/06 03/06 P *C »ANDA 1223N 03/06 04/06 PAC
      628 words


  • Page 23 Miscellaneous
    • 120 23 PHSETET^K\\ 5 FOR 7AM 27 May 2004 V, Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols showers C Full circle w/o line indicates calm or light and variable winds aa Rajn One half fleche represents 5 knots Cloudy Day One full fleche represents 10 knots x Hazy -One
      120 words