The Business Times, 8 July 2004

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Total Pages: 26
1 26 The Business Times
  • 14 1 MITA (P) 023/03/2004 THE BUSINESS TIMES SINGAPORE I !nteip<=it: http://hirjiness-times.asial.com.sg THURSDAY, JULY 8, 2004
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  • 953 1  -  Company proposes rights issue priced at 25 cents a share to raise $19.6m From Eddie Toh, Andrea Tan in Singapore [SINGAPORE] Informatics has been hogging the headlines in the last few months for the wrong reasons, but its founder and chairman, Dr
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  • 547 1  -  By Andrea Tan [SINGAPORE] Now that no takeover battle is going to materialise for Informatics, the immediate task facing the beleaguered company is a much needed extension of its bank loans falling due on July 15. To pay off its bank borrowings of
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  • 80 1 BTI 1,873.75 (-0.82) ST INDEX FUTURES 1,875.00 (+3.00) mm simsci U 226.63 (+0.43) SIMSCI FUTURES 227.70 (+0.60) Wednesday Change KLSE (X).MI' 855.08 +3.28 NIKKEI 225 I 1,384.86 -90.41 H ANG SENG 12,320.26 <36.18 SET INDEX .666.43 +1.74 JAKARTA (X)MP_771.6S +3.41 MANILA OOMP 1.598.39 +7.44 TAIPEI WPI 5.727.78 5.79 SEOl'LCOMP
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  • 79 1 FOREX RATES US$ S$ IISS (SS per IJSS) 1.711 £(l !SS/SS per 1.846 3.159 KI ROII SS/SS/K). 1.235 2.113 YEN 1(186 63.50 KM 1810 2.220 H KS 7.800 4.558 BAHT 40.80 23.84 KI'PIAH 8.999 5.258 RENMINBI 8.277 4836 INDIAN Rl PEE 45.95 26.85 AS 1.391 0.813 XZ$ 1.530 0.894
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  • 922 1  -  BT exclusive By Kalpana Rashiwala [SINGAPORE] CK Tang chairman Tang Wee Sung and his younger brother Wee Kit are selling their adjoining prime freehold properties at St Thomas Walk which their late father Tang Choon Keng bought about 50 years ago.
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  • Page 1 Advertisements
    • 38 1 OEI LIBEL SUIT Nobody feels comfortable when Mr (Davinder) Singh cross-examines you Justice Tay Yong Kwang, responding to Oei Hong Leong who, through an interpreter, asked whether Davinder Singh could be more civil and polite in his questioning
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  • NEXT page
    • 671 2  -  Opinion polls suggest his LDP may lose heavily in upcoming elections From Anthony Rowley in Tokyo JAPAN'S economic recovery may be put at risk as speculation is mounting that Japanese Prime Minister Junichiro Koizumi may be forced to resign, or at least
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    • 723 2  -  HOCK lock siew Angela tan WITH all the hype generated by the emergence of Informatics white knight Oei Hong Leong and new shareholder, Malaysian tycoon Vincent Tan, it is easy to lose sight of the company's present predicament, which includes an
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  • Page 2 Advertisements
    • 472 2 SSsZ*Hotel Financial Reporting Update 320 Orchard Rd O (Orchard MRT Station) OGlllllldr OCFICS Singapore *****5 Seminar leaders After a relativel y stable period with not many changes, financial reporting in Nagaraj Sivaram Singapore is headed for some important and extensive changes in 2005. Wilson Woo Lorena Tan number of new
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    • 30 2 Foreign investors bidding for prime Tokyo buildings Pg 15 educational courses? m Call our C.A.T.S. hotline at 1800-289-9988. I Buy It. Sell It. Find It. o w NHHRMMMHMHHHMNHMHMMHMNH Ml pp
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    • 61 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
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  • FOCUS libel suit
    • 1237 3  -  Davinder Singh cites letter from DBS CEO Jackson Tai, but Oei says Tai was lying By Wong Wei Kong, Kenneth Lim [SINGAPORE] A lawyer for the defence argued yesterday that Oei Hong Leong had no intention of mounting a general
      PHOTOS BY WONG KWAI CHOW/ST  -  1,237 words
    • Article, Illustration
      191 3 On whether Davlnder Singh (above) could be more polite In his questioning Oei Hong Leong, through an interpreter: "This is my first time in the witness box. He says things like 'rubbish', he's a highly educated man." Justice Tay Yong Kwang: "Nobody feels comfortable when Mr Singh
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  • Page 3 Advertisements
    • 245 3 DLA is a major international law firm in Asia and Europe, with Because we are there for the important everyday 3485 people including 373 partners in 27 offices or 37 offices if issues companies face, not just the big infrequent deals, you include DLA Group. In Asia we have offices
      245 words

  • SINGAPORE companies
    • 700 4  -  More second-tier companies desiring secondary listing overseas targeted By Jean Chua MEGHMANI Organics' announcement last week that it has lodged an application to list on the main board of the Singapore Exchange (SGX) is significant, since it is the first
      700 words
    • 468 4  -  Observers say its petrol business can still grow here By Chen Huifen DESPITE it becoming the smallest petrol retailer in Singapore, Caltex is unlikely to exit the market in light of the lucrative nature of the business and the scope of opportunities still
      FILE PHOTO  -  468 words
    • 370 5  -  It also proposes to buy a Koh Boon Hwee-linked firm By Teh Shi Ning HAVING recently raised $8.8 million from a rights issue, loss-making Startech Electronics has gone on an acquisition trail in a bid to transform itself into a regional systems
      370 words
    • COMPANYBriefs
      • 113 5 SINGAPORE Airlines' CEO Chew Choon Seng's remuneration for the financial year ended March 31, 2004, was in the $2 million to $2.25 million band. SIA's latest annual report also shows he was granted 152,000 stock options during the year. His predecessor, Cheong Choong Kong, who
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      • 38 5 ESMART Holdings and TeraVision Corporation have terminated a memorandum of understanding on the feasibility of Esmart making an investment in TeraVision. Both parties were unable to mutually agree on the terms of the investment.
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      • 60 5 Bloomberg SINGAPORE Telecommunications Ltd said its Optus unit's takeover of Uecomm Ltd for A$227 million (S$277 million) has the approval of the Australian government. The Australian Competition Consumer Commission and Foreign Investment Review Board have said they do not object to the takeover, SingTel
        Bloomberg  -  60 words
    • 233 5  -  By Chia T-Chien INSTITUTIONAL investors and fund managers yesterday bought a total of 22 million shares or a 2.32 per cent stake in Accord Customer Care Solutions from two substantial shareholders. Of the 22 million shares, done through married deals at
      233 words
    • 488 9  -  Banks' future lies in fees, treasury ops, not loans and margins, it says By Taila Krishnaknmar THE future of Singapore banking continues to lie in non-interest income, according to JPMorgan, who remains bullish on the local banking sector. In a report this week, the global
      Source Company reports and JPMorgan estimates  -  488 words
    • 275 9  -  It partners current owners to mount leveraged buyout By Jean Chua JPMorgan Partners Asia, the regional private equity arm of investment bank JPMorgan Chase, will buy 51 per cent of Singapore disk drive parts maker Metalform through a leveraged buyout. The deal is JPMorgan
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    • 382 9  -  By Genevieve Cua RETAIL investments into hedge funds are expected to grow between 10 and 20 per cent in the next two years in Singapore and Hong Kong. Investments among institutions are expected to grow at a faster clip at 20
      382 words
  • 4675 4 UNIT TRUSTS FUNDS Commanbwik Asset Mat Com Global Finance Index F6 0.968/ ami Amm a«x iu (c™.i Com Global Lfetyle Index Fd 1.025/ 0 7AV Com Global Health Index Fd 0.891/ Vin, Com Global Telecom Index fd 0.484/ s£ il? Com Global tafotec Index Fd! 0.359/ n E?( Com Gk>hal
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  • Page 4 Advertisements
    • 1257 4 gQ^QoQQ|gQ^^^^r^^vertis^alHol^reMB9^B^B2^Email^oticeBesphxOT^sg ik SWING MEDIA TECHNOLOGY GROUP LIMITED I (Incorporated in Bermuda with Limited Liability) I bfchi NOTICE OF ANNUAL GENERAL MEETING 1 NOTICE IS HEREBY GIVEN that the Annual General Meeting of SWING MEDIA TECHNOLOGY GROUP LIMITED 1 (the "Company") will be held at Suite 834, Bth Floor, South Tower,
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  • Page 5 Advertisements
    • 530 5 OPTIONETICS PROUDLY PRESENTS THE COURSE The Secret to High Profit-Low Risk Trading Harvard-educated At tHIS unique FREE SEMINAR, hedge fund manager you will learn how it is possible to: 2K55S Hfcfl Trade on the NASDAQ and U.S.A. stock ™S n d 9 auiho-. 2KV& option markets money manager and Trade
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  • SINGAPORE markets
    • Article, Illustration
      554 6  -  Compiled by VEN SREENIVASAN Keppel Land July 7 dosing: $1.70 KEPPEL Land has enjoyed much success with its foray into the China residential market. The group is gaining a reputation as a quality developer there and has ambitious plans for expansion in this segment. Overseas contributions have cushioned
      Source: Bloomberg  -  554 words
    • 274 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE cyclical recovery in airline maintenance repair overhaul (MRO) activity has prompted a series of reratings of SIA Engineering Co in recent weeks. Just this week alone, at least two research houses issued upbeat reports on
      Source: Bloomberg  -  274 words
    • 544 6  -  BT comment STOCKS r. sivanithy A PERCEPTION that the local stock market offers limited downside for the time being now appears to have taken root, thanks to various broking firm reports issued over the past week and the influx of liquidity triggered by
      Source: Bloomberg  -  544 words
    • 621 6  -  BT comment CURRENCIES Ten rallies despite warning by Sakakibara that dollar could rise to 120 yen by year-end larry wee THE US dollar's losses were painfully extended in overnight trading, after heavy selling pressure forced it through our key technical support areas of
      Source: Reuters  -  621 words
    • TRADES TO WATCH
      • 85 6 PRIVATELY held See Hoy Chan Equities became a substantial shareholder of newly listed Guangzhao Industrial Forest Biotechnology. It bought 20.1 million shares on the open market at 23.2 cents apiece on the counter's first day of trading, and raised its direct stake to 8.22
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      • 66 6 ACE Dynamics chairman Steven Tham continued to*raise his-shareholdings with pur-chaaa of 500,000 shares at 21.7 cents each through a nottii-_ nee account on Tuesday. TTBTSame account had mpfrtm thpr ,snn 0(10shares cp day's purchase took Mr Tham's direct and deemed stake in the diversified group
        66 words
      • 75 6 BONVESTS Holdings chairman and managing director Henry Ngo bought 2.3 million shares on the open market on Tuesday at 50 cents apiece, raising his stake to 81.64 per cent from 80.95 per cent. Shares of the diversified group that owns hotels, handles waste,
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      • 68 6 COMMERZBANK AG stopped being a substantial shareholder of crane and transport service provider Tiong Woon Corp Holding on Tuesday after dumping some 6.4 million shares on the open market. The bank's deemed stake in Tiong Woon now stands at 4.99 per cent, down from 7.84
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      • 64 6  -  Compiled by KENNETH LIM UOB Asset Management, through a series of purchase and sale transactions for clients on July 1, is no longer a substantial shareholder of AnnAik, a manufacturer and distributor of stainless steel piping products. UOB Asset Management's deemed stake dropped to 3.89
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    • Article, Illustration
      416 6 OTHER SINGAPORE INDICES Jul 7 VALUE CLOSE BT OB/OS 681.00 +119 00 ST CAM -*****.00 +69.00 BT 10-day MA -*****.00 +68.00 AIKSG Equities 496.60 +1.36 SG Equities Elect 164.14 -1.86 SG Equities Fin 1535.66 +6.38 SG Equities Prop 432.75 +1.63 SIMSCI 226.63 +0.43 SiMSCI Futures 227.70 +0.60 Stocks Volume GuangzhaolFB
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  • Page 7 Advertisements
    • 420 7 m -^T■' .*>' h*M /v Si $3BB?§? i v iSc 1 r 5?S?S ■:*??dh-rn 5 .4L JPS't •&J* tv:S r 4pwt HZ -Js a™MESB*HH H j/k m m M W\ BL fiflllfi K\ *-^i '-7^; 'P>MhSkL:« f "V '^^gggfea,'■"• I '§-t:-' I a. 1 "V-.. '^lv^'"", r J i£*ri&ar V
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  • BLUEchips
    • 963 8  -  It must keep up to compete effectively with the big boys says, JEAN CHUA JEAN CHUA FOR years, Creative Technology has based its success and was virtually totally dependent on its market-leading Sound Blaster. The PC audio systems and accessories at one point made
      Source: Bloomberg  -  963 words
  • Article, Illustration
    1088 8 Transaction date: Jul 7 WTERBAlfg CROSS RATES A? C$ Rmb Euro HK$ Ind Rs Ruplah Yen Won RM NZ$ Pafc Rs Peso S$ Rand Sfr HT$ Baht Pound US$ Australia 0.951 5.951 0.582 5.608 33.037 64.703 0.781 8.283 2.732 1.100 41.846 40.226 1.230 4.470 0.884 24.234 ***** 0389 0.719
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  • 1610 8 SICOM FUTURES Jul} RUBBER Futures (dosing prices) RSS1 (S centsAg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 04 230.75 Sep 04 227.00 Oct 04 223.25 Nov 04 ***** Dec 04 221.50 Jan/Mar 05 ***** RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
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  • Page 9 Advertisements
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    • 339 9 ft* ,#5ll Samsung D4IOC. Sliding is the answer. D Soft Touch |lja 2.0" Wide Screen fO| Slide-Up IJd wtth 262K Colours B VGA Camera with Bjl 64-Chord Video Camera Phone Video Recorder/Playback %Jm Polyphonic Ringtones The SGH-D4IOC comes with an Executive Accessories Pack which comprises of an additional battery, hands-free
      339 words

  • EXECUTIVE suite
    • 551 10  -  Landmark deals at 2 soon-to-be-ready prime office projects expected By Vince Chong THE commercial space market could see some "landmark pre-commitment" for space at two soon-to-be-ready prime office projects within the next four months. This will serve as a timely boost for the market. CB Richard
      551 words
  • Page 10 Advertisements
    • 275 10 -s-yf J]\ Prime Residential Site For Sale Newton Heights 1 Newton Road Close to Orchard Road/ opposite Newton MRT Approx. 34,594 sq ft mshSL l Plot ratio 2.8 ■•Ey[ Height control up to 36 storeys Freehold V 1 fofiSS^^ KWTWI 1 'X'" £)"N \\o jmMk Sdwol 1 1 Vntiifin Pwli
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    • 204 10 I Prime Residential Land For Sale At [fy l MacKenzie Rd M ,jhlJ I Near Orchard Road/Short walk to 0 B Little India MRT Station /if —H Approx. 20,789 sq ft IrtST I Plot ratio 2.1 freehold y Invitation for expressions of interest 1 CBRE Tel: 6224 8181 cb richard
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    • 78 10 One of the best office addresses Wisma Atria Ngee Ann City Tower B 'mm First-rate office space at most attractive rates Regular floor plate with raised flooring Direct access to Orchard MRT station Fitted out or bare units to suit requirements Areas from 800sf to 12,0005f Lwww.colliers.com/singapore Lee Ping Ping
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  • SINGAPORE news
    • 556 11  -  Morgan Stanley, Citigroup, UBS predictions within govt's 5.5-7.5% estimate By Taila Krishnakumar, Kenneth Lim THREE of the top foreign financial services houses have forecast GDP growth ranging between 6.5 and 7.1 per cent, on the back of strong domestic figures in Singapore. Morgan
      556 words
    • 485 11  -  Auditor-General's probe reveals govt's accounting lapses By Anna Teo FROM discrepancies in banking records and unrefunded excess tax paid, to inaccurate "certified" listings of government buildings and forged physical fitness score sheets. And even "missing" trees in public parks, to boot. These and other
      485 words
    • 293 11  -  By Nande Khin SMALL and medium enterprises now have better access to funds compared with a few years ago as banks are not only lending more, but investors are also making more financing instruments available to SMEs. This is one of the more tangible
      293 words
    • 311 11  -  EYE on the economy ceo By Samuel Ee COE premiums fell across the board yesterday as new car buyers appeared to adopt a wait-and-see attitude. The first bidding exercise of July for certificates of entitlement (COE) extended the downward trend, as premiums corrected further
      311 words
    • 352 11  -  By Siow Li Sen THE Singapore Medical Council (SMC) yesterday defended itself against charges by Simon Shorvon, saying he was given full opportunity to take part in the disciplinary proceedings against him, but he chose not to do so as advised by the Medical
      352 words
  • Page 11 Advertisements
    • 1326 11 SOCIETE GENERALE A French Corporation founded in 1864 Head Office: 29, Boulevard Haussmann ***** Paris France. Notes in the Accounts which form an integral part of the financial statements together with a list of Soci6t6 Generale's subsidiaries can be obtained from Soci6t6 G6n6rale Singapore Branch, 80 Robinson Road #25-00 Singapore
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  • EDITORIAL & opinion
    • 821 12  -  THE bottom line OPINION robert samuelson ITS Alan Greenspan's swan song. The Federal Reserve raised interest rates last week, as expected. The overnight Fed funds rate went from one per cent, the lowest since the late 1950s, to 1.25 per cent Over the
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    • 56 12 'We know Saddam Hussein had weapons of mass destruction, but we know we haven't found them. I have to accept we have not found them, that we may not find them.' Tony Blair the British prime minister, acknowledging that his central argument for last year's invasion of
      56 words
    • 541 12 EDITORIAL INDONESIA'S direct presidential election shows the country's steady progress in its political transition from authoritarian rule to liberal democracy. By all accounts, no less than former US president Jimmy Carter who was one of many international observers monitoring the poll said this was a remarkable
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    • Article, Illustration
      1473 12  -  The usefulness of cheques is fading fast. Cost-effectively easing them into history will require a profitable culture change by many banks By Liew Nam Soon CHEQUE processing is surely the oldest legacy system left in the financial services sector apart from money itself. Think about it: in 2004,
      FILE PHOTO  -  1,473 words
    • 195 12 MAIL bag WE refer to the article "New-for-old car insurance gets lift" in yesterday's BT Motoring page. We would like to point out that we have two private motor car insurance plans: Motor Max Classic and Motor Max Standard. We offer New-for-Old Replacement benefit in our
      195 words
  • Page 12 Miscellaneous
    • 179 12 CRYPTIC CROSSWORD nature of sense as may be seen by the Church (7) 8 Go-ahead branches (7) YESTERDAY'S SOLUTION 28 Made a din and caused an- 15 A person keeping old papers Across* 7 Toqether 9 Eleven n °V ance ro ft jjj most imp rtant f ur 10 Spin,
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  • REGIONAL news
    • 375 13 KUALA LUMPUR Get ready for Afta's implementation and WTO liberalisation, M'sian PM urges MALAYSIAN Prime Minister Abdullah Badawi has told the country's automotive companies to fend for themselves and depend less on government protection, the New Straits Times reported yesterday. He said
      NSTP  -  375 words
    • 331 13 SHANGHAI CHINA'S banking regulator has issued circulars directing banks to exercise caution in extending new loans to more than a dozen prominent local companies, many of them privately owned, the Financial Times reported yesterday. The directive follows growing anecdotal evidence that the
      331 words
    • 201 13 KUALA LUMPUR Reuters MALAYSIAN industrial output for May showed a strong and sustained growth trend, rising 12.8 per cent from a year earlier and strengthening prospects of a buoyant second-quarter, data showed yesterday. Output growth was led by the manufacturing sector, which grew
      Reuters  -  201 words
    • NOTEBook
      • 86 13 Reuters [BANGKOK] The deadly strain of bird flu that killed 24 people in South-east Asia early this year has erupted again in Thailand and China, but authorities in both countries yesterday said the outbreaks were under control. Thailand said it had confirmed outbreaks of
        Reuters  -  86 words
      • 84 13 AP [BANGKOK] Thailand's biggest beer company yesterday announced a sponsorship agreement with English Premier League side Everton, which will allow its twin elephants logo to be displayed on the team's shirts. The contract was signed by Everton director Paul Gregg and the director of
        AP  -  84 words
      • 78 13 Bloomberg [HONG KONG] Hong Kong's fund management industry almost doubled in value in 2003, according to the Securities and Futures Commission, which included some financial institutions in its annual study for the first time. The value of the city's asset management industry surged to
        Bloomberg  -  78 words
      • 63 13 AFP [BANGALORE] India's IT hub Bangalore saw a slight increase in foreign investment in the past three months, with 49 technology firms opening shop investing 6.7 billion rupees (***** million), an official said on Tuesday. In the year ended March, an average of 42 foreign
        AFP  -  63 words
      • 60 13 Reuters [TAIPEI] Taiwan's Formosa Petrochemical Corp plans to build a polypropylene plant in China and expand its facilities in Taiwan to feed the unit, the Economic Daily News said yesterday. Formosa will set up a 450,000 tonne-per-year plant in Ningbo, in the Chinese coastal province
        Reuters  -  60 words
      • 58 13 AFP [JAKARTA] Hoteliers in Bali yesterday welcomed Britain's decision to downgrade its warning against travel to Indonesia. The Bali Hotels Association in a statement urged the United States and other countries to follow suit. Britain on Tuesday removed its earlier advice to avoid all non-essential
        AFP  -  58 words
  • Page 13 Advertisements
    • 969 13 2 2 NORTH 22 TECHNOLOGY SERVICES GROUP LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of North 22 Technology Services Group Limited (the "Company") will be held at Park Avenue Suites Meeting Rooms 1 and 2,81 A Clemenceau Avenue, #05-18 UE Square,
      969 words
    • 374 13 Visit prominent industrial trade events 6- 9 JULY 2004 I 10 AM-6 PM I SINGAPORE EXPO ASIA'S LARGEST INTERNATIONAL EXHIBITION SOUTH EAST ASIA'S LARGEST INTERNATIONAL ON ROTATING EQUIPMENT; FLUID. GAS AIR EXHIBITION ON HEATING. VENTILATION, HANDUNG SYSTEMS INCORPORATING FLUID AIR-CONDITIONING, REFRIGERATION, AIR POWER; POWER TRANSMISSION AND FILTRATION PURIFICATION AND BUILDING
      374 words

  • REGIONAL news
    • 499 14 NEW DELHI To be unveiled today, the budget is also expected to nurse agriculture AFP INDIA'S new left-leaning government is likely to unveil a pro-reform budget today, keeping an iron grip on the fiscal deficit while offering incentives to the agricultural sector, analysts
      AFP  -  499 words
    • 343 14 BOMBAY But analysts say rising wages may weigh down on earnings Reuters INDIAN software firms are set to post strong quarterly results, thanks to increased outsourcing by their customers and stable billing rates. But fatter wage bills may cloud their outlook,
      Reuters  -  343 words
    • 356 14 MUMBAI Bloomberg FOREIGN banks are studying the implications of an Indian proposal to reduce the foreign ownership limit in local banks. Among them are HSBC Holdings, which completed the purchase of a 14.6 per cent stake in UTI Bank last month,
      Bloomberg  -  356 words
    • 405 15 TOKYO Six groups vie for three towers worth 120b yen amid market revival Bloomberg AMID signs of Japan's property market turning around, foreign investors are keenly bidding for three office buildings in Tokyo which could fetch more than 120 billion yen (Ssl.9 billion).
      Bloomberg  -  405 words
    • WORLDWatch
      • 94 15 NYT [NEW YORK] A federal judge has ruled that the accounting firm BDO Seidman does not have to turn over dozens of confidential documents in its fight against government accusations that it sold abusive tax shelters. Judge James Holderman of US District Court for the
        NYT  -  94 words
      • 77 15 Reuters [NEW YORK] Accenture Ltd yesterday said quarterly profit rose sharply on strong demand for outsourcing and the first real increase in consulting revenue in 2V4 years. For the fiscal third quarter ended May 31, it posted earnings of U*****.4 million, or 37 cents
        Reuters  -  77 words
      • 82 15 Reuters [LONDON] World oil prices fell yesterday after Saudi Arabia said the Organisation of Petroleum Exporting Countries would increase output as planned. Saudi Oil Minister Ali al-Naimi said Opec would proceed with a 500,000 barrels per day output hike in August, according
        Reuters  -  82 words
    • 336 15 NEW YORK DEMOCRATIC presidential candidate John Kerry's choice of John Edwards as the vice-presidential running mate has triggered an unusually harsh reaction from US business, says the Financial Times. The businesses fear his selection will tilt the Democratic ticket against tort reform and trade
      336 words
    • 128 15 Reuters [NEW YORK] Affluent investors shook off their uncertainties about Iraq, inflation and the US presidential election to regain a "mildly bullish" outlook, according to a Chicagobased consultant which polled them in June. Spectrem Group said yesterday that its "affluent investor index" climbed to a
      Reuters  -  128 words
    • 902 16  -  COMMENTARY The US House of Representatives' proposals for a bill on expensing options go against all logic, says Warren Buffett Warren Bnffett UNTIL now the record for mathematical lunacy by a legislative body has been held by the Indiana House of Representatives, which in 1897
      902 words
    • 348 17 Software giant says its ballooning costs have outpaced revenue growth Reuters NYT [NEW YORK] Microsoft Corp plans to cut costs by US$l billion annually as its expenses have grown faster than revenues over the last three years running, The Wall Street
      Reuters; NYT  -  348 words
  • Page 14 Advertisements
    • 2792 14 To advertise call toll free 1800 289 8822 Email: noticesgsph.com.sg W STAM F ORD 1 LAND CO R PORATION LT D (Incorporated in the Republic of Singapore) C E Ji H f R A EBY PffPl S£ Annu f! Gen r* l M *J Cn of Stamford Land Corporation Ltd
      2,792 words
    • 321 14 In the Matter of The Companies Act, Cap. 50 And In the Matter of R S PLATOU OFFSHORE (S) PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened ond held on 6th July 2004 the following resolutions
      321 words
    • 171 14 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Petition No. 6 of 20CM/Y In the Matter of the Companies Act, (Chapter 50. 1994 Kd) Section 2278 And In the Matter of WAN SOON ENGINEERING PTE LTD formerly known as WS UNDERGROUND TECHNOLOGIES PTE LTD <RC No. *****423X1) NOTICE
      171 words
    • 753 14 To advertise call toll-free 1800 289 8822 Email: QoticeB@sph.com.sc IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF HOZAN SHIPPING PTE LTD NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP I Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named
      753 words
    • 419 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ING DESIGN PTE LTD (COMPANY NO. *****176G) (In Creditors' Voluntary Winding-Up) NOTICE OF RESOLUTION At an Extraordinary General Meeting of Members and Creditors of the abovenamed Company duly convened and held at 98A Amoy Sheet, Singapore
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  • Page 15 Advertisements
    • 158 15 289 8822/EauU recruitgtph.com.sg Meyado Intc^i^^Uimitcd Meyado are looking to recruit highly successful managers and professionals for our rapidly expanding Singapore operation. A demonstrably successful track record is a prerequisite as is appropriate licensing. We are searching for Western and Singaporean sales executives who BjpfifMpp have the drive and the ability
      158 words

  • 4541 16 Transaction date: Jul 7 HONG KONG Vol Hie Exchanges4Clearing.. 16.85 0.70 9258 HKS W- '000 HKRIntl 2.53 0.08 6959 Hong Kong Electric 32.80 0.10 1666 Aeon Credit .4.90 -0.03 0 Hongkong Chinese 0.95 -0.01 192 Aeon Stores 5.60 0.05 56 Hopewell Holdings 15.95 -0.05 699 Alpha General 0.34
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  • Page 16 Advertisements
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    • 64 16 J "Fantastic <&£s&> value! P lean enjoy Salad, ice cream, 1 loco! desserts like icekacangondtausuan plusfresh fruit for only Ss* On order of any local or western delight from $6.90. AB prices*** Mon-Fri: Lunch from 1130 am to 3pm 7! (Except Public Holiday) J f For reservations, Please call *****138
      64 words
    • 82 16 Savoury Brunch High Tea Every Saturday Sunday Mouth-watering range of local and (apanese delights, feast all you can! Branch High Tea from 11.30 am 4pm $22.50 (Adult). $13.50 (Child) Due to popularity, please make reservation in advance at 6290 8218/1800 299 9011. Prices subject to 10% service charge 8. govt
      82 words
    • 59 16 ~1 THE NEPTUNE T C O LL Y E R CLU A Y Enjoy excellent lunch and dian xin R5l served on trolleys. Lunch 1:30 am 2:30 pm (Mondays Saturdays) 10:30 am-2:30 pm (Sundays Public Holidays) Cj&!/) S CoUyer Quay Managed by Meritus Mandarin Singapore 7th Floor, Overseas Union House,
      59 words

  • 6219 17 Transaction date: Jul 7 52-Wk Tel Last Vol Day last Quote GrOI* W* GfYld Mat MCap High Low Coda Company S«le *l- fOOO) Hjjh Low lujm S4<ter On fit 255 65 5716 1st Software St 11 +05 3324 11 10.5 105 11 436 57 9 32 9 5834
    6,219 words
  • 66 17 52-Wit Tal Last Vol Day Last Quote GrDtv Dt* GrVM Net MCap Htfi low Cod* Company Sate rOQO) W0i Low luyr U*m On W M 2060 2000 6065 Diamonds US2060cd 2120 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISSSP500 US8270 ********** 6170 SPDRS
    66 words
  • 1871 17 52-Wk T«i Last Vol Day Latt Quote GrfMv Dtv GrtW Hat MCap Utah Low Coda Company Sata rOOO) MWi Low Buyr Sa»ar C«r Wi Sw« 26 12.5 5000 ABR Hldgs Sc 13.5 -1 30 13.5 13 13.5 14 26 42 208 2101 APOil 5cT 30.5 +0.5 88 30.5
    1,871 words
  • 322 17 S2-Wk Tal U« Vol Day LMtQuott GrWv W» GrYM MM MCap HtgN law Coda Owpaay Sale W- rOQO) HUh Urn -yr Sdhf Cvr M 228 142 6000 AVJenningsA25c A186xd -10 27 186 184 185 186 44 10.6 5.9 5.8 4003 6001 Cathay Pac 20c HK720 265 2.1 7.4
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  • Page 17 Advertisements
    • 58 17 yIUDEMARS PIGUET 1 Le maitre de I'horlogerie depuis 1875 -o wflr Mm X M JwJr/ jjffi**' Available m Regional Agent, Showroom Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 6238 6678 Fax: 6238 6676. Ngee Ann City Tel: 6733 0618 lucky Plaza
      58 words

  • BizIT
    • 499 18  -  Study says cutting piracy by 10 points over four years could add US$1.3b to the economy and create 1,800 jobs. Amit Roy Choudtaury reports Amit Roy Choudtaury SOFTWARE developers in Singapore potentially lost US$9O million to piracy last year because 43 per cent
      499 words
    • 242 18 Bloomberg [TAIPEI] Prices of LCDs (liquid crystal displays) used in TV sets and computer monitors started to slide in Q2 after demand for flat-screen TVs lagged supplier expectations, researcher ISuppli Corp said. TV screen prices are declining by 5 per cent per month
      Bloomberg  -  242 words
    • 140 18 Bloomberg [TOKYO] Fujitsu Ltd, Japan's sixth-biggest electronics maker, said it has developed an encryption technology that will take as much as 20 million years to decipher and can be used in credit cards with builtin microprocessors. Fujitsu's technology uses a 2,048-digit code to protect information stored on
      Bloomberg  -  140 words
    • 248 18 Technology may shrink size of computer chips Reuters [NEW YORK] Scientists at General Electric (GE) unveiled one of the smallest functioning devices ever made, a carbon tube about 10 atoms wide that could one day shrink computer chip technology. Researchers at GE's central lab in New
      Reuters  -  248 words
    • 186 18 Aggressive plan aimed at maintaining leadership in sector AFP [SEOUL] South Korea's SK Group said it plans to invest more than US$B billion in infocomm over the next three years. The conglomerate, which controls South Korea's largest mobile carrier SK Telecom,
      AFP  -  186 words
  • 1983 18 Transaction date: Jul 7 KUALA LUMPUR §££WZZZZ£S tS 55J A.MRe-* .1.45 0.05 2, 251 "5 Sfes^izz:zSS S£2& p,ant fg S« f 5 Advance Synergy 0.44 -0.01 98 Golden Plus 0 70 unch 246 ££5£i?zzzz£« 2 50 OVI 421 GopengBhd .0.53 0.01 54 2 0 0 Grand Hocwer 1.00 -0.23
    1,983 words
  • 885 18 Transaction date: Jul 7 Stxt—»« wi Oaae O—1| Itmkmmm m Omt Pit AHgreen 50c 0.30 0.995 -0.005 HOI 178 2.350 -0330 WLhitl US20c 038 0.75S 03C 9*7 12.500 *0200 CapitaLand 1.03 1.440 *0310 Parkway H 25c 0.56 1.120 Chart SemiCond 26c 1.12 1.380 <.010 People's Food HKSOc 038 1.180
    885 words
  • 760 18 BONDS WARRANTS Pr«m Expiry Tel Last Vd Com Enr Ota Gear- Mtks Co* Cowp-y 5ale -tor- COOP) Hatio Met lag L«*t ABNt*****3S ADBn1.845%*****5S 3779 ASl Marine Hldgs W*****1 14.5 1 53 34 348 45 3697 Acma Ltd W*****6 j0.5 1 50 677 13.00 4 3602 Amtek W*****0 30 unch 9
    760 words

  • SHIPPING TIMES
    • 896 19  -  Global delays due to lack of land-based infrastructure will drive up costs, saysAPL chief By Donald Urquhart [SINGAPORE] Supply and demand will become less of a factor in determining container freight rates as a better understanding of the dynamics of today's global liner shipping
      FILE PHOTO  -  896 words
    • 329 19 Reuters [LONDON] The United States restricted operations of three oil tankers calling at its ports from July 1 to July 5 under new United Nations maritime counterterrorism laws but did not deny them entry, shipping brokers said yesterday. Brokers said a crude
      Reuters  -  329 words
    • 205 19 AFP [RIYADH] Saudi shipping firm National Chemical Carriers (NCC) on Tuesday signed loan agreements worth US$l6O million with three Saudi and regional banks to finance the purchase of six chemical tankers, a statement said. The facility agreements will "finance up to 80
      AFP  -  205 words
    • 225 19  -  By Chia T-Chien [SINGAPORE] PSA Corp has won the lawsuit brought against it by Eastern Light Engineering (ELE) for alleged breach of contract. In a ruling yesterday, Justice Lai Kew Chai dismissed the claims of ELE with costs, and also ordered the company to pay the
      225 words
    • 126 19 Reuters [MARSEILLE] A 24-hour strike by dockers in the southern French port of Marseille yesterday disrupted some goods traffic although oil exports and passenger travel were unaffected, the port authority said. Dockers, in a dispute over working conditions and employment levels, had also
      Reuters; AFP  -  126 words
    • 300 19 SGX '000 M7 St Vol OH Offshore .0.39 0.01 902 Chuan Hup 0.51 unch 278 Cosco Investment 0.84 0.04 ***** CWT Distribution 0.49 unch 1 0 EzraHldgs 1.01 unch 86 Freight Links j0.11 unch 657 GB Holdings 0.89 0.01 17 Jaya Holdings 0.87 0.01 5518 K1 Venture .0.27
      300 words
    • 158 19 AFP [SEOUL] South Korea's Samsung Heavy Industries Co said yesterday it has completed the world's largest container ship, ordered by a Canadian shipping company. "Samsung Heavy Industries Co on Wednesday christened the world's largest container carrier at its Koje shipyard and successfully delivered it
      AFP  -  158 words
    • AVIATION news
      • 330 20 AFP [PARIS] The collapse of part of a roof at a Paris airport terminal killing four people was caused by metal supports boring their way into an overhead concrete vault and causing it to split, according to preliminary findings announced
        AFP  -  330 words
      • 154 20 Reuters [LONDON] British airport baggage handlers have voted to go on strike, threatening serious disruption this summer at some of the UK's busiest hubs, including London's main Heathrow and Gatwick airports, their union said. Workers for ground handling group Aviance, which operates baggage handling
        Reuters  -  154 words
      • 660 20 CEO Grinstein may ask pilots for US$1b a year in pay cut NYT [ATLANTA] Delta Air Lines must cut costs even more than anticipated, chief executive Gerald Grinstein says. In a memo to employees on Tuesday, Mr Grinstein mentioned but did not confirm a
        NYT; BLOOMBERG FILE PHOTO  -  660 words
    • 106 20 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 3 CMACGM 3 COSCO 3 China Shpg 4 Crocodile Line ....4 Delmas 4 Dongnama 3 Eukor 2 ECL 3 Foong Sun 4 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 IRISL 5 Kyowa 5 KMTC
      106 words
    • 7678 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone Dest'n Name Name Number Number SIN Oest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvoire To BALTIMORE (BTM) 2035 U. S. 15/07 22/08 CMA CGM CMA CGM SEINE SX049W 65-*****800 17/07 01/09
      7,678 words
    • SHIPS IN PORT
      • 604 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI PURPOSE TERMINAL BAYSWATER338 E4165 J3 A/SIDE 08/07 0230 CAPE CHARLES LB069 J24 A/SIDE 08/07 0230 GR FESTIVAL 95A J22/23 A/SIDE 08/07 0800 WINSTAR 7 07G4W J2 A/SIDE 08/07 0300 ACE PLAYER 001 J7/8 08/07 0800 09/07 1700 ATLANTIC VEN 567
        604 words
      • 1624 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ABU DHABI C294E C294E 1 10/07/2004-17:00 11/07/2004-04:00 ACX MIMOSA 001N 001N 1 09/07/2004-08:00 09/07/2004-18:00 ACXSAKURA 032S 032S 1 11/07/2004-15:00 12/07/2004-07:00 ALTONA 0439 0438 1 11/07/2004-17:00 12/07/2004-02:00 AMBITIOUS F 4001A 4001A
        1,624 words
      • 122 25 Jul 14 France: National Day. Jul 15 Brunei: Sultan's Birthd. Jul 15 SKorea: Consti Day. Jul 19 Japan: Marine Day. Malaysia: Agung Birthday. Jul 21 Belgium: Bel Nat Day. Aug 1 Switzerland: Nat Day. Aug 9 Singapore: Nat Day. Aug 12 Thailand: Queen's Birthday. Aug 15 France: Assump
        122 words
      • 779 25 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        779 words
      • 609 25 Carbon 180 Ma* 976.5 0.3 M.3 0.03 24 0.01 Jul 1 Density Water Residue AshAluminlum Sediment No above E25 0 0 0 0 0 0 1 380 Ave 988.7 Oi M.3 0.04 24 0.02 Euon 380 Max 1008.3 0.5 17.9 0.06 49 0.04 KG/M'3 v/v m/m
        609 words
    • AIR & LAND transport
      • 537 26  -  It is working on regulatory framework to make operations feasible By Ven Sreenivasan [SINGAPORE] China is preparing its civil aviation regulatory framework for the inevitable entry of budget carriers into that vast country. Civil Aviation Administration Vice-Minister Yang Guoqing revealed this after delivering his
        537 words
      • 481 26  -  By Donald Urquhart [SINGAPORE] China is keen on liberalising air service agreements with South-east Asia alongside efforts aimed at further opening up its booming aviation industry to foreign investment, a top official of the country's civil aviation authority said yesterday. Air service
        481 words
      • 196 26 Reuters [HANOI] National carrier Vietnam Airlines said yesterday it had signed a letter of intent with Airbus to purchase 10 narrow-body A 321 jets between 2006 and 2010. Pham Ngoc Minh, executive vice-president of the carrier, said that in the same
        Reuters  -  196 words
      • 417 26 The routes are some of Qantas' most profitable Bloomberg [MELBOURNE] Virgin Blue Holdings Ltd, which in four years took a third of Australia's air-travel market, may start flights to the US, challenging bigger rival Qantas Airways Ltd on one of its most
        Bloomberg; REUTER FILE PHOTO  -  417 words
      • 524 26 Passenger sought to board flight to Los Angeles without boarding pass AP AFP [SYDNEY] Australia's main international airport was evacuated yesterday after a man tried to get onto a Qantas flight to Los Angeles without a boarding pass, federal police said. It was
        AP; AFP  -  524 words
      • 2182 26 CITY FLIGHT ETA FLIGHT ETD SQ425 1215 EM31 0325 MtWto LH977I 1840 BA7382 2215 1405 S0426 1300 S0230 1840 0F82 2215 EK348 1650 $0428 2325 Aasttrtoa S0323 0615 &A974 0130 8430 8005 KL837 1450 KL838 2255 Frankfurt AC9951 0630 LH9765 1405 S0324 2345 LH9762 0630 S0326
        2,182 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 653 20 i—3U 1# MQi fkf f# iL yW\ I IMPORT I NORTH AMERICA ~l[~|l AUSTRALIA/NEW ZEALAND jSUPER SHUTTLE EXPRESS (SSX) VESSEt VOY I LGI SIH m [AUSTRALIA ASIA EXPRESS (AAX) OOCI HAMBURG 03W25 23/06 11/07 13/07 VBSfl VOT BNE SYP MIL API FRE SIH PKG PtO NEDUOYD HOUTMAN 23W26 30/04 U/07
      653 words
    • 507 20 Lines services represented by S\ Members of the Registry of vS^jSSws) Accredited Shipping Agents, X°t»< !y Singapore Shipping Association Members of the Singapore Logistics Association ULY UNE MALE f vessel VOY ETA ETA ETA^N P. KLAN6 SPORE MALE Mold Corner 748 12/0f 15/07 25/07 Princess Lily 0504 22/07 24/07 01/08
      507 words

  • Page 21 Advertisements
    • 966 21 MOL Combines 7— a range of shipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also accopt Intro-Asia Cargo#* to: For Schedules, BL Searches, and Container Tracking, visit on our Home Weekly Containerised Service To: T I a 1 ini td
      966 words
    • 1668 21 GENERAL AGENTS IN SINGAPORE 16 RAFFLES QUAY #36-01 SALES/ BKGS TEL: 6420 *****43 FAX: *****321/24 QUIPPING PTP ITn HONG LEONG BUILDING OUTWARD(B/q *****802 *****325/75 onirrino rIE LIU SJNGAPORE 048S81 INWARD(D/0) *****786 *****319/49 REGNO. *****1787G TEL 6226 1900 (MAIN) T/SHIPDEP *****825 **********6 JOHOR'S OFFICE: CR NO: **********0 M CONVENTIONAL 6420 5850
      1,668 words

  • Page 22 Advertisements
    • 1707 22 IAJ(A# WALLENIUS WILHELMSEN w W W website: http://www.2wglobol.(om [VESSEL VOY RAMP IK MAO HCXJ« MIA SAV iAL QRF WY( NEW MOi TALISMAN AF4I4 3201 ms 6.4 M I 17/07 17/08 19/08 26/08 27/08 01/09 30/08 03/09 23/08 TARONGA AF4IS 320 Tons 6.25 M I 30/07 25/08 03/09 10/09 11/09 15/09
      1,707 words
    • 824 22 MYANMA FIVE STAR LINE (Mvonmar National Line) Loading for Yangon WSSEI VOY SIN PKI PEN PGU PAGAN 328W SU> HPA-AN 320W SLD SLD IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL COO VESSEL VOY HKG SIN PGU PKI KUC FREYA 3 SLD SLD SLD MARINE
      824 words

  • Page 23 Advertisements
    • 427 23 VESSEL VQY SIN PKL KARACHI DXB BAB PMM BIK KHORRAMSHAHR~ IRAN SATTARI PCL 8037 13/07 14/07 21/07 24/07 25/07 OTTOjji ***** ***** IRAN KORDESTAN PCI 8038 21/07 22/07 29/07 01/08 04/08 07/08 10/08 14/08 IRANSHAHRYAR PCI 8039 27/07 28/07 04/08 07/08 08/08 15/08 18/08 21/08 IRAN SATTARI PCL 8040 05/08
      427 words
    • 318 23 UK CONTINENT SERVICE Loading for ANTONIS RTM/ATW/BMNAJK/NAN STARLY RTM/ATW/BMNAJK/NAN Loads Singapore, EVW Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for PLAMER DBI/ABU/DOH/BRN/DMM/KWT AMARYLLIS DBI/ABU/DOH/BRN/DMM/KWT GOLDEN SUN ADN/HDD/JDH/AQA C CHAMP DMT/YAR/BZA VTC STAR DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for SIFNOS BAY CAM/NOL/NFK/SAV/TPC TAUROA POINT VCW/LAX/MZL IVORY STAR LAX/VCW 'Loads
      318 words
    • 189 23 tPttt ESS! VISSfI VOY SIN > PAC lANDA 1247N 07/07 01/07 PACINIAN orh no/M fuZi —a —ag-=afe= PAC lANDA 1252N 14/07 {jg{ PAC lAWPA 1253N 15/07 16/07 <^w il P i^tf lll— PAC lANDA 12S4H 17/07 INMfIP M— PAC lANDA 125SN 19/07 rnfir ?!r9 fiZIM 22ZSZ U/5Z >!!B i&N ax
      189 words


  • Page 25 Miscellaneous
    • 123 25 5 REGIONAL WEATHER 5 FOR 7AM 8 Jul 2004 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers Full c rcle w ne indicates calm or light and variable winds p a j n 1 One half fleche represents 5 knots Cloudy Day One full fleche represents 10
      123 words