The Business Times, 31 May 2004

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Microfilm: NL25567
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Internet: nttp://business-times.asial .com.sg SINGAPORE MONDAY, MAY 31, 2004 85C
    15 words
  • Article, Illustration
    Lock icon S'pore still a top investment spot for US manufacturers
    631 1  -  BT exclusive Study shows steady flows to high-wage nations, setbacks in low-wage locations By Chuang Peck Ming [SINGAPORE] American manufacturers have largely maintained their bets on "high-wage" countries like Singapore, even as they tightened their global investment budgets in recent years.
    Source Deloitte Research: U.S Department of Commerce, Bureau of Economic Analysis, International Investment Data,Data December 2003  -  631 words
  • Article
    Lock icon MARKETS
    63 1 Week Change ST1 1787.18 +19.95 KLSECOMP ....808.44 +16.91 NIKKEI 225 *****.57 +239.32 HANG SENG *****.87 +540.86 SET INDEX 638.59 +23.18 JAKARTA COMP ...733.99 +9.06 MANILA COMP ...1517.20 +32.24 TAIPEI WPI 6137.26 +172.32 SEOUL COMP 816.51 +30.15 SHENZHEN B ........262.60 +8.36 Al'ST ALL ORD 3447.20 +53.00 DOW JONES *****.45 +221.71
    63 words
  • Article
    Lock icon FINANCE
    76 1 FOREX RATES US$ 8$ I'SS (SS per l.SS) 1.699 £(l'SS/SS per 5t) 1.840 3.126 El'ROfl SS/SS/E). 1.229 2.087 YEN 110.5 65.00 R.M 3.800 2.237 HKS 7.794 4.588 BAHT 40.58 23.89 Rl'PIAH 9,280 5,46-'} RENMINBI 8.277 4.872 INDIAN Rl'PEE..... 45.42 26.74 AS 1.394 0.821 NZS 1.583 0.932 PRIME RATES SINGAPORE
    76 words
  • Article
    Lock icon Govt to tighten rules to head off industrial accidents
    405 1  -  KEPPEL SHYIPYARD MISHAP It will get to the bottom of recent accidents and close any loopholes: DPMs Lee and Tan By Amit Roy Choudhury [SINGAPORE] As relatives and friends of the victims of Saturday's fire on board the Portugese-registered tanker Almudaina
    405 words
  • Article, Illustration
    Lock icon Softening steel prices bring some relief to builders
    629 1  -  BT exclusive But they say prices are still high amid uncertainties By Vinoe Chang [SINGAPORE] Steel prices are cooling off, to the relief of local contractors, and may decline to about $700 a tonne towards the end of the year. Contractors polled
    629 words
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  • NEXT page
    • Article, Illustration
      Lock icon Singapore can win big with gaming
      1056 2  -  BT comment ECONOMICS It has advantages others lack, but must permit local patronage and address social costs vikram khanna WITH competition in Asia's US$l3 billion casino gaming industry starting to hot up, what are Singapore's chances of capturing a decent slice of the pie
      1,056 words
    • Article
      Lock icon Asia's gaming industry set to go places
      929 2  -  Countries eye tax dollars and Chinese tourists, says Ray Heath in Hong Kong Ray Heath WHEN the doors of the Sands Macau casino swung open to let in a throng of gamblers recently, the chips were plonked on a much bigger game the
      929 words
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      335 2 'If*JHIIM. V KLpK "Triple A" MBAs! Accredited. Accelerated. Accessible. mm W,m cl UB A A Illinois IfIDM >00 Singapore 10th Intake Starting Soon! M 'W& w MP* Southern Illinois Internationally Accredited by AACSB and University, USA North Central Association of Colleges Schools, USA A Carnegie Doctoral Research Extensive University 100%
      335 words
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      70 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 Esingapore@ocracom.sg
      70 words
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  • SINGAPORE companies
    • Article
      Lock icon SGX pushes trading link with Aussie bourse
      679 3  -  Marketing trip Down Under focuses on 'China plays', tech stocks By Serena Ng BUSINESS on the crosstrading link between the Singapore Exchange (SGX) and the Australian Stock Exchange (ASX) has so far been brisk at best, but mostly quiet. Yet an undaunted SGX
      679 words
    • Article
      Lock icon Which luxury watch retailer has the best prospects?
      796 3  -  HOCK lock siew teh hooi ling IT appears good times are rolling again for luxury watch retailers. All three companies which are listed on the Singapore Exchange Cortina, The Hour Glass and Sincere Watch turned in sterling sets of results. Two of
      796 words
    • Article, Illustration
      Lock icon A buyers' week despite director deals tumbling
      1155 4  -  INSIDE MARKETS Purchases total $4.7m compared to sales of just $480,000, says Robert Halili Robert Hallli THE trading by directors and substantial shareholders was down last week with only 39 trades worth $5.2 million, sharply lower than the previous week's 96 transactions worth
      1,155 words
    • Article
      Lock icon Stratech wins HK Immigration deal worth HK$64m
      232 4  -  By Amit Roy Choudhury STRATECH Systems' globalisation efforts have paid off, with the company clinching a Hong Kong Immigration contract worth about HK$64 million (5513.9 million). The mainboard-listed advanced technology and esystems developer is part of a consortium that has won a Hong
      232 words
    • Article
      Lock icon Asia Dekor returns to profit; turnover up 17%
      155 4 MAINBOARD-LISTED Asia Dekor, riding the strong economic growth of China, came back to profitability in the financial year ended March 31, 2004. The producer and distributor of laminated floor and related products in China achieved a net profit of 56.7 million yuan
      155 words
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  • Article
    Lock icon SGX
    885 4 Week ended: May 28 MMfc—— m ow» a—1| w»di—» m o— a»|i AltgrwnSOc 030 0 950 NOL 1.69 2.140 +0320 MUntlUS20c 0.39 0.740 -0X110 OCBC 913 12.000 *0200 CapltaUnd 0.97 1.300 +0.020 Parkway H 25c 0.60 1.150 +0-020 Chart SamiCond 26c 122 1430 People s Food HKSOc 0.45 1350
    885 words
  • Article
    Lock icon BONDS & WARRANTS
    826 4 BONDS WARRANTS Pram Expiry Tal Last Vol Com Ew Disc Gov- Mths CXi Solo tor- (1M) «a«o Prtco Left 3779 ASLMarineHldgsW*****1 16 3 107 1 53 31 328 47 3698 ASTIW*****1 -33 -1 1321 1 16 -5 1.56 1 3697 AcmaUdW*****6 05 1 50 677 13.00 6 3602 Amtek W*****0
    826 words
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      592 4 JMLUHT' I iflß I J j gal I :M*S l^^^^^^HHßßg9K^^|Hfl9| lit aWG&TMB Nanyang Business School, one of the premier business schools in Asia, offers non-degree executive programs designed to broaden your perspectives in management and help you apply the new skills and knowledge to deal 1 with challenges in the
      592 words
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      5 4 Swiss Private Banking since 1841
      5 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon One-year top losers portfolio well ahead
      1102 5  -  BT portfolio STOCKS teh hooi ling Four out of our five portfolios rebounded very strongly last week, beating the Straits Times Index. The portfolio made up of stocks with the lowest forward price- earnings ratio put up the best showing. It gained a strong
      1,102 words
    • Article, Illustration
      Lock icon Technicals now just as important
      785 6  -  BT comment STOCKS r. sivanithy THE terms "oversold" and "overbought" are arguably overused in the stock market these days, their meanings conveying little useful economic or fundamental information. They do, however, appear to have a vague grounding in technical analysis, though they tend to mean
      785 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      608 6 Payment a Books fly Payment Ex looks Pay —fetf close date. date dose date Aberdeen IQpence I UK2 19-May 24-May 23 Xm NobleGrpHKIOOc F US3.1TA 25 May 28-May 09-Jm Action Asia 10c y 1.20 13-May 18-May 31-May Ossia Intl 10c 0.70 19-May 24-May OS-Jul Arrvara Hldgs 20c b
      608 words
    • Article
      Lock icon Asian currencies firm as US dollar slides
      503 6 AFP [HONG KONG] Asian currencies firmed against the dollar over the past week, led by the yen, but dealers were watching for the outcome of the coming Opec meeting and the release of US unemployment figures. Japanese yen: The yen bounced back against
      AFP  -  503 words
    • Article
      Lock icon WEEK AHEAD
      70 6 Events investors can watch out for CMS' Bonus Issue, ex-date, Jun 1 Eastern Asia's dividend payment, Jun 1 Transpac's dividend payment, Jun 1 Yeo Hlap Seng's dividend payment, Jun 1 Pan-United's dividend payment, Jun 3 People's Food's dividend payment, Jun 3 Bright Orient's dividend payment, Jun 8 Parkway
      70 words
    • Article
      Lock icon CityDev's wit too much, too fast for now
      314 6  -  HOT STOCK WARRANT By R Sivanithy THE newest company-issued warrant to be listed in the local market has also been one of the best performing, rising 35 per cent in two weeks. It has done so relatively unnoticed and without much fanfare,
      314 words
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      Lock icon Page 5 Advertisements Column 1
      107 5 Visit the Mazda Road Show at Suntec City, outside Carrefour (31 May 6 June). Your adrenalin rushes even before *ts pent up energy is unleashed. The mere sound of the RENESIS rotary engine revs up your heartbeat. The vigour of a high 23IPS output power plant fires to 9.G00 rpm.
      107 words
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  • Article, Illustration
    Lock icon BROKERS' RECOMMENDATIONS
    1596 6 The stock recommendation is the average of ail the recom- Number FOR£CAST mendations submitted by analysts following the stock. There recommendation of EPS PE Target is a total of 29 brokers submitting recommendations but not COMPANY Thfc Week/Last Week Estimates (times) every stock is followed by all the
    1,596 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Boosting staff performance with coaching
      1008 7  -  By Anna Teo IF Kelly Poulos had her way, everyone in every company would have a coach say, their immediate supervisor and should themselves be a coach or mentor those who report directly to them. Indeed, the manager of the future is someone who won't
      ARTHUR LEE  -  1,008 words
    • Article
      Lock icon Lam Soon buys second listed food company in Thailand
      468 7  -  It makes 420m baht acquisition of Universal Food Public Company By Siow Li Sen POLITICAL troubles in its southern province may have earned Thailand unwelcome headlines recently, but they haven't deterred Singapore businessmen from increasing their investments in the country. Industrialist
      468 words
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      Lock icon Page 7 Advertisements Column 1
      88 7 G °yj. reless For as low as $99 per month, you can setup a full wireless infrastructure. Standard items Configuration include: 1 D-Link Access Point/Router 3 Wireless 2.4 Ghz (802.11g) I H USB Adapters Configuration Setup I L FREE! Your own domain name 3 months web hosting Other services available:
      88 words
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      Lock icon Page 7 Advertisements Column 2
      218 7 Be the first to experience the stock market in your hand -V A t v t y r A 4 V i VA llSS? PHBPR Market Indices Top Volume Intra-day Chart 3 Best Bid/Offer yi^y Supporting models tor Mobil. 1 Stork l'.i> NoK.a Sony Ftir«iso>i a Mobile Stock Live! The
      218 words
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  • ARTS festival
    • Article, Illustration
      Lock icon A memorable and herculean effort
      631 8  -  Choirs from S'pore, Latvia and China soar with Mahler masterpiece By PY Van THE combined forces and collective energy of some 570 performers members of choirs from Singapore, Latvia and China, eight vocal soloists from China, Europe and the United States, and our own Singapore
      ST  -  631 words
    • Article, Illustration
      Lock icon Modern touch that doesn't quite fly
      831 8  -  Play fails to achieve emotional climax of epic tragedy By Audrey Wong THE story of Ba Wang Bie Ji, made famous in the Chen Kaige movie Farewell My Concubine, was retold in this contemporary, beautifully designed and stylised drama by the China Blue Sky
      831 words
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      83 8 'Mm >' v »v* «> WHO DO YOU WILL SHINE THIS YEAR? who has made to the arts The person you as a role > 5 I l#r#lS < Your will be carefully by a distinguished leaders many i•4 1 ;T NOMINATION fpKPililf T 1 -ll '> '11 My nomination
      83 words
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      32 8 What's on today ♦Kidsfest at ACS Barker Road campus ♦Little Victories by the Little Company (10.30 am) ♦Lazer Vaudeville (10.30 am) There are no core festival performances tonight. For details, visit www.singaporeartsfestival.com.sg
      32 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Tycoon plans first Chinese project in M'sia
      391 9  -  Developer buying 521 hectare plot in Selangor for RM412 million From Eddie Toh in Kuala Lumpur ONE of China's richest tycoons is acquiring a tract of land in the state of Selangor in what could be the first project by a Chinese developer
      APPLE DAILY  -  391 words
    • Article
      Lock icon Hutchinson won't write down 3 UK
      223 9 HONG KONG Reuters HONG Kong conglomerate Hutchison Whampoa Ltd said on Saturday it had no plan to write down the book value of its British video phone arm Hutchison 3G UK Holdings Ltd (3 UK), despite last week's deal valuing the unit at only
      Reuters  -  223 words
    • Article
      Lock icon Fighting corruption in Malaysia Inc
      973 9  -  By Daniel Buenas AT first appearance, 70-year-old Tunku Abdul Aziz Ibrahim may not strike you as a crusader for transparency and integrity. However, as a president of Transparency International Malaysia and a former vice-president of Transparency International worldwide, the dignified and articulate Tunku doesn't mince
      973 words
    • Article, Illustration
      Lock icon China shares dazzle Japan's investors
      785 10 A rising number of amateur Japanese investors take a chance in the volatile Chinese market, drawn by hopes of high returns for a small outlay Reuters AFTER Norikazu Goto finished kicking himself, he made a decision. The 34-year-old Japanese businessman had just read a magazine
      Reuters; AFP FILE PHOTO  -  785 words
    • Article
      Lock icon Six big China, state firms to have board of directors
      283 10 BEIJING Move on a trial basis is aimed at better governance Reuters SIX major state-owned Chinese firms will set up boards of directors within the year on a trial basis to improve their governance structure, the top state asset management
      Reuters  -  283 words
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      166 9 iMMMw JBBrallr v WM WM WJk Wa k m nl pp mJm \kl HI iB I IBF 'j- sm |§8 |hK5| m jfBMKk lL 4! i I r, IK] Bn bIH K\ fl jggsgp*j BRklll i w K M V xjKZA global financial firm that works with you like a
      166 words
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      147 10 Bw fH i|^L SBBBs jMBHajBI v Hp HHfi |H yj J Hip Y Wx^ '■>;., > i 2" Location j* sr ——A Thamestde Icon —Falcon Wharf combines iconic architecture with intelligent design and stunning river views. The exclusive apartments benefit from high specification, glass shielded winter gardens and comfort cooling.
      147 words
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      46 10 Lianhe Zaobao I Listed wotch retailers I I made I $30m I in profit last I I I *****37 c I ±m«H7 I I I r ~A$« g I S5 Call our C.A.T.S. hotline at c.a.t.s. 1800-289-9988. Buy It. Sell It. Find It. 11 3 m
      46 words
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  • WORLD news
    • Article
      Lock icon All eyes on US payroll figures this week
      404 11 LONDON Investors looking for clues about size of expected Fed rate hike in Jane Reuters US NON-FARM payroll figures will receive most investor attention in a dataladen week as they would be scrutinising the numbers for clues about the size of an
      Reuters  -  404 words
    • Article
      Lock icon Retiring baby boomers pose new risk to central banks
      474 11 VIENNA They'll shift assets from stocks to bonds: study Reuters A WAVE of retiring baby boomers could trigger the type of market price volatility witnessed during some of the major financial crises as they begin to reallocate their huge assets from
      Reuters  -  474 words
    • Article
      Lock icon SEC to hire shrink to improve staffs morale
      244 11 NEW YORK Bloomberg THE US Securities and Exchange Commission has a new job opening designed to help prevent employee burnout: an "organisational psychologist". The post, which pays between US$lOl,OOO and U*****,978 annually, aims to "improve employee attitudes and satisfaction related to employee
      Bloomberg  -  244 words
    • Article, Illustration
      Lock icon Understanding calls and puts
      1209 11 WARRANT LEARNING CURVE Warrants are securitized options to either buy or sell an underlying asset at a fixed price within a specified time. If the option is to buy, the warrant is known as a call, while an option to sell is known as a put.
      Source: Deutsche Bank  -  1,209 words
    • Article
      Lock icon Deutsche Post's bank IPO wobbles as value is questioned
      248 13 FRANKFURT Reuters DEUTSCHE Post could be forced to halt the listing of its banking arm after lead manager Deutsche Bank said it may be worth only 4.4 billion euros (559.2 billion). This finding will encourage investors to seek a discount. Germany's
      Reuters  -  248 words
    • Article, Illustration
      Lock icon Saudi vows to keep oil exports flowing alter attack
      642 13 KHOBAR, Saudi Arabia But pledges may not go far enough to soothe jittery world markets Reuters, AFP OIL superpower Saudi Arabia swiftly vowed yesterday to keep its crude supplies flowing smoothly to world markets after a deadly militant attack on the
      Reuters,; AFP  -  642 words
    • Article, Illustration
      Lock icon Ousted Shell chief gets generous pay and option deal
      557 14 LONDON Package worth £5.8m, excluding severance deal, says annual report NYT, Bloomberg PHILIP Watts, the ousted chairman of the Royal Dutch/Shell Group, was given a pay and option package worth more than £5.84 million (5518.2 million) in 2003, according to annual
      NYT,; Bloomberg; BLOOMBERG FILE PHOTO  -  557 words
    • Article
      Lock icon Oil prices skid lower on possible Opec output boost
      1079 12 COMMODITY WeeklyRoundup AFP [LONDON] Oil prices endured another roller-coaster ride on world markets last week, reaching new record highs in New York before sliding amid nervousness ahead of an Opec meeting this week. A weaker dollar, meanwhile, gave a fillip to
      AFP  -  1,079 words
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      1275 11 I Notices 5 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF IXEL PTE. LTD. (In Members' Voluntary Winding-Up) RESOLUTIONS PASSED ON 26TH DAY OF MAY 2004 At an Extraordinary General Meeting of the Company held at No. 6 8 Lorong SSI3/3C Subang Industrial Estate
      1,275 words
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      340 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BONDWELL FOOD PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) STATUTORY DECLARATION BY DIRECTOR OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES Name of Company: BONDWELL FOOD PTE LTD Company No.: *****7458E The Registrar of Companies
      340 words
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      116 11 Seminar: Warrants, a trading instrument Deutsche Bank and SGX will be conducting four seminars on warrants on June 9,15,16 and 23. Admission is free. Venue: 2 Shenton Way, SGX Centre. To register, please contact SGX: Tel 6236 8777, Fax 6533 4310, email marketing@sgx.com Timing for the seminars: Warrants Indicators: Gearing,
      116 words
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  • Article, Illustration
    Lock icon FINANCE & COMMODITIES
    977 12 FINANCE COMMODITIES Week ended: May 28 PRIME LENDING RATES BANKS Credit Suisse S'pore 5 ABN Amro Bank NV 5.25 Dexia Banc ue lntl 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
    977 words
  • Article
    Lock icon COMMODITIES
    1615 12 SICOM FUTURES May 28 RUBBER Futures (Closing prices) RSSKS certs/kg) Close Volume Open Month High tow Sett (tonnes) Interest Juo 04 236.50 Jul 04 234.75 Aug 04 ***** Sep 04 234.50 Oct/Dec 04 233.25 Jen/Mar 05 235.00 RSS 3 (US cents/kg) Volume Open Month High low Sett (tonnes) Interest
    1,615 words
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  • Page 13 Advertisements
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      270 13 CONDUCTED BY: LARSHANSEN Head of Group Operational Risk, The SEB Group, SWEDEN 30th June 2004 Holiday Inn Park View Singapore 9am-spm S$ 590 nett 1 AlurM contents! OPERATIONAL RISK MANAGEMENT OVERVIEW QUANTIFICATION What is Operational Risk management? Risk adjusted performance measurement (RAPM) Development of Operational Risk measurement and management Quantification
      270 words
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      209 13 I lu- most popular outdoor arts event in Singapore." SIM.APOKI mw 0 J* IL m JPI 4- 6 June &11- 13 June 2004 Fort Canning Green, 7.30pm (Picnic from 5.30pm) D I S C 0 U N T S C H E M E S 20% discount for purchase of
      209 words
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      131 13 1 MERI TU S MANDARIN SINGAPORE T \Jenetifln "&ddA fr Jim AStrenDmy 31 May -13 June 2004 ?^Jf&s£S SO<ts Umch $38'perperson Embrace the romantic spirit (inclusii>e of selected house specialities) of the Veneto region of Italy with its delectable cuisine dished Set Dinner out by renowned Guest 6.30pm to 10.30pm
      131 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      212 13 CRYPTIC CROSSWORD 27 Old German prince, a choosy individual (7) 8 Sort of thing that is assumed gets double (5) 28 Long-lived oriental bird a when retiring (7) YESTERDAY'S SOLUTION pound only (7) 15 Standing by for a lengthy Dartv (a) Across: 7 Octopus, 8 Actions, 16 A game cut
      212 words
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      1250 14 28^822^Em«l]^oticMO«p^oaM SBANCADIROMA T (INCORPORATED IN ITALY WITH LIMITED LIABILITY) CONDENSED BALANCE SHEET (amounts In euros) A»MI» 31 December 2003 10 Cash and balances with 446,159,657 central banks and post offices 20 Treasury securities and other securities 579,965,606 eligible for refinancing with central banks 30 Loans to banks 8,560,462,417 40 Loans
      1,250 words
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      1560 14 -j&£ ~ft ~|bnm 3& j x ji; vv To idvcrtiw csil toll-free 1800 289 8822 Email: noticcs@sph.com ss The Royal Bank of Scotland Head Office: 42 St Andrew Square, Edinburgh EH2 2YE The Royal Bank of Scotland Singapore Branch: 50 Raffles Place, #08-00 Singapore Land Tower, Singapore *****3. Tel: 65-6416-8600
      1,560 words
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  • Article
    Lock icon SGX MAINBOARD
    6920 15 Week ended: May 28 52-Wk T«l Last Vol Week Last Quote GrDt* Wv GfYM IM MCap Wigli Law Code Company Sale +J- ("000) Htfi Law lnyr SdUr Cw W M 25.5 5 5716 1st Software 5c 11.5 +0.5 5812 12 11 113 12 45.6 573 32.9 5834 A-SonkSc
    6,920 words
  • Article
    Lock icon SGX XTRANET
    72 15 U-Wk Td Last Vol Weak Lact Quote GrfWv Div GrYW Net MCao HNfc l—f Code Ciwum Sate W- CWP) HI0I Law >»y«r SaBar Cw WE 2060 2000 6065 Diamonds US2060cd 2120 6095 15 DJ US Tech US3740 6097 IS MSCI Spore US555 6101 IS SAPSOO US8270 ***** 9650
    72 words
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    Lock icon SGX SESDAQ
    2069 15 U« Tel UM Vol «M Last Quote GrOtv On GrYld Nat MCan HI# Code Sate W- COCO) law —fm Sdkr Cw Pff Sw» 26 11.5 5000 ABRHIdgsSc 12.5 -2.5 5 12.5 12.5 12 15.5 24.1 42 163 2101 APOilScl 29.5 +1 60 29 5 27.5 27.5 28.5 5
    2,069 words
  • Article
    Lock icon CLOB INTERNATIONAL
    340 15 S2-Wk Tel Last Vol Weak LMt Quote Gftt* Div GrVM MM MCap Low (mt» Cuapiay Sate W- rw> HHfc Low War* Cw WE two 228 129 6000 AVJenmngs A2St A199cd 20 658 208 199 199 200 40 8.8 5 7.5 428.3 6001 Cathay Rac 20c HK720 265 2.1
    340 words
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  • BizIT
    • Article, Illustration
      Lock icon S'pore ready for next tech breakthroughs: IDG chief
      721 16  -  International Data Group is beefing up its investments and headcount in the region, company chairman Patrick McGovern tells Raju Chellam Raju Chellam SINGAPORE'S foresight and agility will enable it to take advantage of the next technology breakthroughs, predicts Patrick McGovern, founder and
      721 words
    • Article
      Lock icon Understanding how the brain works
      270 16 ON Feb 28, 2000, Patrick McGovern and his wife, Lore Harp McGovern, pledged US$35O million over the next 20 years to the Massachusetts Institute of Technology (MIT) to set up the McGovern Institute for Brain Research. The previous largest gift to a university was US$3OO
      270 words
    • Article
      Lock icon Asia's chip foundries make strong comeback
      283 16 AFP [SINGAPORE] Asia's chip foundries are making a strong comeback in 2004 after three lean years as demand for electronic products booms and semicon makers increasingly outsource production. The Asia-dominated global foundry market, which generated revenues of US$l3 billion in 2003, is tipped to
      AFP  -  283 words
    • Article, Illustration
      Lock icon Fujitsu plans to double revenues from region
      346 16  -  Fujitsu Asia's revenues expected to be $1b by 2006 By Amit Roy Choudhury FUJITSU Asia, a unit of Japanese giant Fujitsu Corp, plans to double its revenues from IT products and services such as systems and network integration, data centre operations, outsourcing and
      346 words
    • IT TAKES
      • Article
        Lock icon MP3 player for the sporty
        66 16 SAMSUNG Electronics has launched a sports oriented MP3 player. The YP-60V comes with a sports and health function sensor that lets users monitor their heart rate and count the calories burned, among other features. The gizmo costs $469, uses 256 MB flash memory and a
        66 words
      • Article
        Lock icon SingNet's new broadband service
        39 16 SINGNET has launched its new Broadßand 1,500 kbps Unlimited Plan, targeted at residential customers. The plan comes with features such as Sing Net Supplementary Email Account, Anti-Spam, and Email Virus Scan. For details, visit www.singnet.com.sg.
        39 words
      • Article
        Lock icon No more missed calls
        56 16 STARHUB'S recently launched missed call alerts service for its post-paid mobile customers is now available to its Green pre-paid mobile customers. The service allows pre-paid mobile customers to receive SMS alerts when they miss their calls from Singapore while roaming overseas. This service is available free
        56 words
      • Article
        Lock icon Office 2004 for Macs
        40 16 MICROSOFT Corp has introduced Microsoft Office 2004 for Macintosh users. The Office 2004 for Mac Standard Edition costs $749 while the Student and Teacher Edition costs $269. Both are available in Singapore. For details, visit www.microsoft.com/mac.
        40 words
      • Article
        Lock icon Flash Player for Linux
        49 16 MACROMEDIA Inc has announced the availability of Macromedia Flash Player 7 for Linux. This version offers improved performance and security and powerful new development capabilities. It is bundled with Linux operating systems distributed by Novell, Red Hat, Sun Microsystems, and Turbolinux. For details, visit www.macromedia.com/go/flashplayer.
        49 words
      • Article
        Lock icon CrimsonLogic tests ebXML
        63 16 CRIMSONLOGIC said it has completed Singapore's first successful test implementation of the ebXML (Electronic Business using extensible Markup Language) Message Service. It has received an interoperability certificate from the ebXML Asia Committee for the project. ebXML provides companies with a standard method to exchange business messages, conduct
        63 words
      • Article
        Lock icon BroadcastAsia & CommunicAsia
        91 16  - BroadcastAsia CommunicAsia Compiled by Amit Roy Choodhury BROADCAST ASIA2OO4 and CommunicAsia2oo4, organised by Singapore Exhibition Services, will run at the Singapore Expo from June 15 to 18. The events are one of the components of the five-day Infocomm Media Business Exchange (imbX), which is set to attract 30,000 visitors to
        91 words
    • Article, Illustration
      Lock icon Nu Horizons ramping up Asia operations
      398 15  -  It wants regional revenues to reach US$100m in next three years By Tang Weng Fai US-BASED semiconductor distributor Nu Horizons Inc is beefing up its Asian operations to take advantage of the uptick in the global demand for chips and components. For its last
      398 words
    • Article
      Lock icon Vietnam-S'pore link via fiber-optics
      184 15 Xinhua [HANOI] Vietnam will construct two submarine fiberoptic routes linking the country with Hong Kong and Singapore. It will pour some US$l5O million into building a new route to Hong Kong with a capacity of 10 Gbps, the Youth newspaper said. Construction of the second route,
      Xinhua  -  184 words
    • Article
      Lock icon SingTel caters to Sohos
      214 15  -  mail IT Chia Boon Chong Senior Corporate Communications Manager SingTel I REFER to the article "Don't ignore the Soho market" by Bryan Tan (BizlT, May 24). Mr Tan wrote that telecom service providers have tended to focus on the residential and corporate markets and have not
      214 words
    • Article
      Lock icon KDDI is a Japanese firm
      58 15  -  Jason Cheng Global Communications Department KDDI Singapore Pte Ltd THIS refers to the article "Hello World, Asia Calling" by Manoj Menon, published in the Frost Sullivan Technology Awards supplement (BT, May 28). I wish to clarify that KDDI is not a South Korean company as
      58 words
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      448 16 |H iX 2004 V™THE 3RD REGIONAL INFOCOMM CONFERENCE KEYNOTE SPEAKERS Here's your chance to get into the fast track of the hottest issues KM&.., involving business and technology today. iX 2004 brings together 30 leading speakers from the USA, Europe and Asia to give you fresh insights into the issues
      448 words
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  • SHIPPING TIMES
    • Article, Illustration
      Lock icon Chorus for louder, unified Asian voice for shipping
      847 17  -  Urgent need to engage govt agencies in shipping affairs stressed By Donald Urquhart [SINGAPORE] There is an "urgent need" for the Asian shipowning community to work more closely with national governments to ensure the Asian voice is more clearly heard in the
      847 words
    • Article
      Lock icon SHIP SALES
      343 17 Contributed by Simpson Spence Young DRY CARGO: THE main talking point this week is not so much the sales activity, but the decision made by the International Maritime Organisation (IMO) on double hull regulations. All previous indications had suggested that double hull would become mandatory for dry bulk
      Contributed by Simpson Spence & Young  -  343 words
    • Article
      Lock icon TRANSPORT STOCKS
      293 17 SGX '000 May 28 SS W- Vol CH Offshore .0.37 0.01 790 ChuanHup 049 -0.01 1231 Casco Investment .0.79 -0.01 ***** CWT Distribution .0.49 0.01 40 EzraHklgs 0.99 0 01 121 Freight Links .0.10 unch 47 GB Holdings .0.81 unch 167 Jaya Holdings .0.83 unch 2310 K1 Venture
      293 words
    • Article
      Lock icon Frontline's Q1 earnings jump 19%
      240 17 Reuters [OSLO] Norwegian tanker group Frontline reported a weaker-than-expected 19 per cent jump in first-quar-ter net profit and said it planned to divest all its Ship Finance unit in 2004. The group, the world's largest independent operator of very large crude carriers (VLCCs), said net
      Reuters  -  240 words
    • Article
      Lock icon S'pore begins probe into oil tanker fire
      105 17 [SINGAPORE] Singapore government authorities and the police have begun investigations to determine the cause of Saturday's oil tanker fire at Keppel Shipyard which killed seven workers. The Portu-guese-registered ship Almudaina caught fire while in dry dock, killing two Malaysian and five Indian workers
      105 words
    • PORT Shots
      • Article
        Lock icon Venture buys 2 tankers for US$68m
        98 17 Bloomberg [TOKYO] A joint venture between Mitsui OSK Lines, Japan's largest tanker owner, and China's Sinotrans Ltd bought two very large crude carriers for US$6B million, said shipbrokers, including London's Clarkson pic. The venture, M S Tanker Shipping, bought the tankers, named Ness and
        Bloomberg  -  98 words
      • Article
        Lock icon Teekay orders 3 LNG carriers
        69 17 Bloomberg [OSLO] Teekay Shipping Corp, the world's biggest oil tanker operator by market value, ordered three liquefied natural gas carriers worth a total of about US$5lO million after winning contracts to ship fUel from Qatar, shipbroker Fearnleys said. South Korea's Daewoo Shipbuilding Marine Engineering Co
        Bloomberg  -  69 words
    • Article, Illustration
      Lock icon How LNG fleet expansion could spur business for repair yards
      851 18  -  DOCKYARD By David Hughes MUCH has been written recently about the big growth in the LNG fleet expected over the next few years and the implications for the shipbuilding industry. For example, the UK's Ocean Shipping Consultants expects the current
      FILE PHOTO  -  851 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      189 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 ESP
      189 words
    • Article
      Lock icon SHIPPING GUIDE
      10439 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 23/06 19/07 Alianca ALIANCA SINGAPORE 403W 65-*****141 To ABIDJAN (ABJ) 2003 Cot* D'lvoir# 07/06 17/07 China Shpg MERKUR BRIDGE 4005W 65-*****898 09/06
      10,439 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        467 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ER SYDNEY GA022E J16/17 A/SIDE 31/05 1300 HOSEI PEARL 003 J5 A/SIDE 31/05 1500 PACIFIC EMER 03A/04 J10/11 A/SIDE 31/05 2359 RIMBA TIGA DENNIS 1 J11 A/SIDE 31/05 0800 UNION STAR28 07/04J J13 A/SIDE 31/05 2359 ANGGADAII 01/04J J3
        467 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1375 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy seq berthing Nmbr ACX DAHLIA 076N 076N 1 01/06/2004-08:00 01/06/2004-22:00 ACX MARIGOLD 014N 014N 1 31/05/2004-02:00 31/05/2004-11:00 B04 ACX RAFfLES 091S 091S 1 01/06/2004-07:00 01/06/2004-20:00 AKSOY TRUVA 0417 0416 1 31/05/2004-01:00 31/05/2004-07:00 K12 ALAMJAYA
        1,375 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        142 25 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 Monday. UK: Spring Bk Hoi. US: Memorial Day.
        142 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        812 25 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 Bunker Price Index change and
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      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        627 25 Carbon 180 Max 989.6 0.6 14.2 0.06 46 0.04 May 27 Density Water Residue AshAlumlnlum Sediment No above E25 0 0 0 0 0 0 380 Ave 986.8 0.2 13.6 0.04 30 0.02 Exxon 380 Max 993.2 0.7 17.7 0.07 68 0.07 KC/M'3 s v/v s
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    • AIR & LAND transport
      • Article, Illustration
        Lock icon Airbus plans to offer a lighter A330-220
        656 26 Recertified model for shorter routes aims to take on Boeing Dreamliner Bloomberg [TOULOSE, France] Airbus, the world's biggest planemaker, may try to recertify its A 330-220 for lighter loads and shorter distances, a move that would save airlines money, to compete with Boeing's
        Bloomberg; FILE PHOTO  -  656 words
      • Article
        Lock icon Another Chinese airline begins flights to S'pore
        203 26 AP [SINGAPORE] Singapore and China beefed up their air links with a fifth passenger airline from the mainland starting flights to the Republic. Shandong Airlines flew its maiden international flight into Singapore's Changi Airport on Saturday afternoon. It will be followed by a
        AP  -  203 words
      • Article
        Lock icon Roof collapse may force transfer of some airlines to Orly
        147 26 AP [PARIS] The deadly roof collapse at a terminal in Paris' Charles de Gaulle airport may force authorities to transfer some airlines to a smaller airport nearby, a top airport official said. Pierre Graff, president of the Paris airport authority,
        AP  -  147 words
      • Article, Illustration
        Lock icon India test-flies own passenger aircraft
        48 26 [BANGALORE] Saras, a prototype of India's indigenous civilian aircraft built by National Aerospace Laboratories, lands at Bangalore airport on Saturday. The 14-seater multi-purpose aircraft, which can be used as an executive jet andforcourier services, flew for 30 minutes during its maiden flight. REUTERS
        REUTERS  -  48 words
      • Article
        Lock icon Air India to launch budget airline
        452 26 Service starting next year will offer 25% cheaper fares to Middle East and S-E Asia [NEW DELHI] India's national carrier Air India joined the low-cost carrier fray sweeping across Southeast Asia when it announced on Saturday that it too will launch a new budget
        452 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2055 26 cmr aiGMT n* flight no IM77) —2*) 7 Mri $0403 0730 EM05 0210 S0230 1840 EMM 1405 EM31 0325 ««3 0605 6*974 0130 $0428 2325 2«5 *CW1 0630 1X9765 1345 trnUmt EM05 0100 CK404 1520 LM ?I« A c ei\ym mm S0Z5 0630 uiTry Z305 S>2S2
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  • Page 17 Advertisements
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      104 17 More shipping notices on backpage CaO toll-free 1800 289 8822 Ik Established shipbrolting company has the following vacancy;- imnssssmssm |h The candidate should have a minimum of 5 ft^ years experience and success with significant H tanker chartering accounts. The position offers K a competitive salary and bonus system M
      104 words
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      Lock icon Page 17 Advertisements Column 2
      239 17 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1
      239 words
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      Lock icon Page 17 Advertisements Column 3
      67 17 Airbus plans to offer a lighter A 330-220 BACKPAGE Sail around the I tTtliWtlmlMfflMl tliilZM fil/i y /^Mi BT Hartford is a leading education provider listed on the Singapore Exchange (SESDAQ) J| bjaanaaad *v» c flß\ PROFICIENCY IN SURVIVAL CRAFT RESCUE BOAT For more details about our STCW courses, please
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      29 18 ffllffiMsß» J hHHE ;<e lag I■* §*3P* Jfl^Hj mH pP| I WH Ijt fc. Jjfl -a MH v ~Mgfl K -oBf s J9HHH. P WMT S^rS^liWiv' jj y < tP%Swn'i»
      29 words
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      Lock icon Page 18 Advertisements Column 2
      547 18 Lines services represented by jfeiSSkgt Members of the Registry of fcjEsVaf Accredited Shipping Agents, x°«m "y Singapore Shipping Association Members of the Singapore Logistics Association CONTAINERS/ XOV/ CONVENTIONAL CARGO FK* PORT KUNG/SMGATOM/jAKARTA I BANGKOK VOY ETA PKL ETA SIN ETA MALE KotaTeguh XTGI27 02*06 1206 Maid Carrier 747 09/06 06/06
      547 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      759 19 MOL Combines a range of shipping modes to ensure timely, reliable services covering major ports in Nortti America, Europe, Japan, Asia, Africa Oceania. Also ytp* Intra-Asia CvfMS tK For Schedules, BL Searches, and Container Tracking, visit on our Home Page: TMMIhB TO ADVERTISE, CALL JOE WONG AT 6319 2062 OR
      759 words
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      Lock icon Page 19 Advertisements Column 2
      2218 19 HEW WEEKLY "ADX" SERVICE TO EAST MEDITERRANEAN ON EVERY FRIDAY SINGAPORE TO ISTANMJI -IS DAYS GENERAL AGENTS IN SINGAPORE 16 RAfFUS QUAY #36-41 SAIiS/IKGS TIL *****457/43 FAX: *****321/24 costar ahSrwnb wi itd saasar 5832 S a*" 0 to twssauhhki -udays ™!T" m= gn I SINGAPORE TO IZMIR -18 DAYS COSTAR
      2,218 words
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  • Page 20 Advertisements
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      1970 20 Ktrl DEL MA Q ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: d*lma«M»lmas.coin.ifl PmM DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 MUMS WIST tfUCI KWBI tmttt ffltVKI TO KWTH/WBT AFRICA IVESSEI VOY SIN REUNION lUANDA PQINTE NOIRE MATADI UIREVIIIE ABIDJAN TEMA LOWE TINCAN COTOMOU APAfA DOUALA ONNE TAKORAN WtA UI Q*/ 06 "/O* 14/07 02/07 12/07
      1,970 words
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      Lock icon Page 20 Advertisements Column 2
      693 20 I bsa a I MYANMA FIVE STAR LINE (Myonmor National Line) I Loading for Yangon VESSEL YOY SIN PKL PEN PGU PAGAN 328W SLO HPA-AN 320W SLO SLO IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL: 03-*****101 PEN: 04-*****02 A™™ ACCEPTINB CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KIK
      693 words
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      1241 21 OY ISINl 5IN PKI DXB BAB pmm bik ichabahar ikhorramshahr IRAN ISFAHAN PCL37I 06/06 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 30/06 01/07 08/07 10/07 12/07 14/07 IRAN SATTARI PCL 8036 04/07 05/07
      1,241 words
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      Lock icon Page 21 Advertisements Column 2
      483 21 UK CONTINENT SERVICE Loading for KEELUNG RTM/ATW/B M N/U K/N AN Loads Singapore, EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for 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 SIFNOS BAY CAM/NOL/NFK/SAV/TPC TAUROA POINT VCW/LAX/MZL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A.
      483 words
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      Lock icon Page 21 Advertisements Column 3
      639 21 -Ii»EL VOY JIN POU KiSi M 31/05 ALAKUAYA 2 SftSfi 30/05 oi/ot }||1S 01 m MATMAMKP SfiflZ Sim 03/Q6 I|2|N 02/06 03/06 PAC lIHTAh mil 03/06 06/04 JALIAffiA 1222S Sim 04/06 ALAMJAYA 2 MW 06/06 0»/06 PAC lANOA 1225N 07/06 07/06 7:1 n M 1 i M 3 > J
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  • Page 22 Advertisements
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      689 22 ■WPiPI TIGER PEARL 191N 04-05/06 10 12/06 17-18/06 I ■ttHUI TIGER SKY 192H 07-08/06 13-14/06 20-21/06 I i "■TIGERS 193N 08-09/06 15-17/06 22 23/06 1 ■■MNM TIGER WAVE 194N 13-14/06 19-20/06 26-27/06 I |M TIGER PEARL 195N 17-18/06 23-25/06 30-01/07 1 ■Pg#fI|xP*ESLHOTSE 602 04-05/06 13-15/06 I BUaUIUj BALSAM 156 08-09/06
      689 words
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      Lock icon Page 22 Advertisements Column 2
      728 22 <m FREIGHT LINKS EXPRESS PTE,LTD* jgsl Penjuru Road, 3 Level, Express Logisticentre, Singapore *****3 LATIST LCL SHVICI''TOBAMATIRAQ LCL MRVICI TO CHIN* IK'>4b^B||l DALIAN XIAMEN QINGDAO FUZHOU YANTAI PLS CALL FOR BOOKING 6267 4694/5535/5541 /5508/5514/5551 /5560/5563/5565/5569/5553 PROJECT Gr HEAVY LI FT CARGO Lawrence Lim 6267 5555. H/P: 9749 1977 lawrence@flesin.com.sg Adrian
      728 words
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      Lock icon Page 22 Advertisements Column 3
      193 22 PSM PiNCON SHIPPING ft MARINE SERVICES PTI ITDI I Sam M. «H>7 Shm Cm, StapfOT 2252 M T t> 4siB| lh f lf M374n aite h" 3 I vca vot aw Mr vor ~7 maw Mr GOLWSTM 1974S 30 0 5 2004" SUM 1974* *31 '05 2004 MOM GODCNSTM "S7SS
      193 words
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      Lock icon Page 22 Advertisements Column 4
      1175 22 (1 I f). Spon Agents: lAL ttUf Aaoacv (S) Pte lid (CD NO: 165M*****0Z) Snletasia Mines SUPER TO HONQ KONQ A JAPAN I VDY I OSK I »0I ISM I TTO 1 TOK I HKO I W IS6M WSSB |WnwnßSnMM^os^ons^ffnY^ MO5 '6/05 17/05 11/05 U/05 20/05 24/05 21/05 30/05 HUDEETKNfTY
      1,175 words
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      Lock icon Page 22 Advertisements Column 5
      173 22 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI I VESSEL I VOYAGt ETA SINGAPORE ETA KARACHI"! I Oiitrnl or substitute I 022KW 10.06.04 70.06 04 o«rtAjrtr SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood #17-07/08 Apex Tower, Singapore *****5 Telephone: 6270 0977 II Facsimile: 6275 2309 TeUx: RS *****
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      119 25 Issued by Meteorological Service Division,NEA LEGEND: <C Thunderstorm Wind speed symbols 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 represents 50
      119 words
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  • Page 26 Advertisements
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      410 26 NOTICE TO TRADE FEEDER OPERATORS SOC SHIPMENTS FUEL ADDITIONAL The following feeder operators wish to inform the trade that, with the current increase in bunker prices, they have no alternative but to implement a Fuel Additional (FA) to recover the additional costs. The Fuel Additional shall be applicable for all
      410 words
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      Lock icon Page 26 Advertisements Column 2
      100 26 NOTICE TO TRADE SINGAPORE/MYANMAR V.V. PORT KLANG/MYANMAR V.V. SOC SHIPMENTS RATE RESTORATION With the continuing increase in operating costs, including charter hire, the following feeder operators wish to inform the trade that they will restore freight rates by a minimum of US$l5O.OO per TEU with effect from 15 June 2004.
      100 words