The Business Times, 12 August 2004

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Total Pages: 30
1 30 The Business Times
  • 33 1 THE BUSINESS TIMES MITA (P) 023/03/2004 850 SINGAPOR E h n hiip://business-times.asial .com.sg THURSDAY, AUGUST 12, 2004 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MITA(P) 023/03/2004 Wednesday, September!, 2004
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  • 807 1  -  Combined banks' H1 earnings of $2.6b is a doubling from $1.3b By Taila Krishnakumar [SINGAPORE] The three local banks have almost doubled their combined net profit for the six months ended June, as revealed yesterday when OCBC Bank became the last of the
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  • 77 1 ST! 1,896.19 (-5.22) ST INDEX FUTURES 1,883.00 (-8.00) SIMSCI 227.51 (-1.03) SIMSCI FUTURES 226.50 (-0.80) Wednesday Change KLSECOMP 821.45 +0.67 NIKKEI 225 11,049.46 +95.91 HANG SENG 12,343.13 -64.91 SET INDEX 595.60 -I 134 JAKARTA COMP 7«-t,95 +11.50 MANILA COMP _1,592.40 +13.14 TAIPEI WPI 5,367.34 -26.39 SEOILCOMP .753.06 +4.44 SHENZHEN
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  • 79 1 FOREX RATES US* s$ ISS |S$ |H*r I 1.713 S(l"S$/S$ |rr VI l.«28 31:11 a K( t|l SS/SS/K) I.223 2.095 VEX II 1,1 85.00 KM 1219 (IKS 7.799 4554 HAHT 41.52 24i4 HI HAH 9.24S r,;{99 RENMINBI 8.277 4.8X1 INDIAN Kim„ 4<»:iK 27.08 AS 1.404 0.820 N2S 1.535.. 0.896
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  • 493 1  -  It credits him with many achievements during his term By Chuang Peck Ming [SINGAPORE] He has been known as the people's prime minister for his popular touch. And outgoing-PM Goh Chok Tong is also a big hit with business folks, judging by the tide of
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  • 459 1  -  Business, advertising people get preview of bigger, better BT By Daniel Buenas [SINGAPORE] It was a high-spirited but busi-ness-looking crowd that gathered at the Raffles Hotel's Bar and Billiard Room last evening. And as the jazz band played softly in the background,
    ARTHUR LEE  -  459 words
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  • NEXT page
    • 1141 2  -  However, many Wall St economists find that rosy view unrealistic From Andrew Marks in .yew ror/c AS widely expected, the US Federal Reserve Board raised short-term interest rates by 25 basis points to 1.5 per cent on Tuesday, but its insistence that
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    • 610 2  -  STB director suggests two-way tourism strategies Reports by Vince Chong [SINGAPORE] Despite similar reputations as fasttracked business and financial hubs, Dubai and Singapore complement rather than compete wjiQ^acKSßEfc er, and can through such -as two-way and free trade agreements. One way is
      CHRIS LOH  -  610 words
    • 267 2 [SINGAPORE] The change in Singapore's leadership won't affect its reputation as a country envied by others, says Mohamed Alabbar, director-general of Dubai's Department of Economic Development and a key adviser to Dubai's Crown Prince Sheikh Mohammad A 1 Maktoum. Much of this
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    • 140 2 'Whether it is about picking the right stocks to invest in, or making the right business decisions, the new BT is designed to help professionals, managers and business people make informed choices.' —BT editor Alvin Tay 1 like the fact that the sections are more clearly
      Photos: ARTHUR LEE  -  140 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • PM handover
    • 2600 4 Business leaders in Singapore pay tribute to outgoing Prime Minister Goh Chok Tong Wee Cho Yaw UOB chairman and CEO "Thank you for growing the Singapore economy over the last 14 years. We were hit by several crises, but we rebounded quickly each time because of
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  • SINGAPORE companies
    • 421 5  -  BT exclusive Higher pay, change of scene entice better performers to switch companies By Joyce Koh IT is the season to migrate again for some dealers in the broking industry. Market watchers tell BT that more dealers are moving on to other broking houses some
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    • 472 5  -  Kim Eng's profit rises 69% while earnings treble for UOB-Kay Hian By Wong Wei Kong DESPITE the slowdown in market activity this year, Kim Eng Holdings' second-quarter earnings shot up 69 per cent to $42.6 million, while UOBKay Hian Holdings reported a trebling of
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    • 794 5  -  HOCK lock siew kalpana rashiwala IT'S fair to say that City Developments' second-quarter results briefing tomorrow (Friday) is one of the property sector's more eagerlyawaited events. The group's results statements usually make for a good read not just because they give an account of how
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    • 476 8  -  Gain driven by utilities, marine engineering and logistics units By Jean Chua CONGLOMERATE SembCorp Industries yesterday reported a 14.8 per cent rise in interim net profit, as business at its utilities, marine engineering and logistics units improved. Profit for the six months ended
      FILE PHOTO  -  476 words
    • 494 8  -  China operations account for 60% of bottomline By Vince Chong EXCELPOINT chairman and CEO Albert Phuay loves his cars, especially the Ferrari 360 which he favours for a spin whenever he clinches a big deal. Which must be something he is doing often,
      ARTHUR LEE  -  494 words
    • 285 8  -  Technical glitch hits SNF; Vikay grapples with clerical error By Joyce Koh COMPANIES usually have problems with late submissions of their results, but for two companies yesterday, it was more a case of being too early. Both companies SNF Corporation and Vikay Industrial
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    • 239 8  -  By Jean Chua SOFA maker HTL International said yesterday its net profit for the first half of this year rose 57.4 per cent to $18.7 million from 2003. Revenue was $226.6 million, up 11.9 per cent from $202.4 million, as sales in all its
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    • 368 9  -  Results include contribution from UMS Semicon, acquired in April By Ven Sreenivasan THE acquisition of UMS Semiconductor has paid off for Norelco Centreline, with the recently acquired unit helping the mainboardlisted company to almost double its second quarter earnings. The enlarged semiconductor
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    • COMPANY Brief's
      • 74 9 TROUBLED Informatics Holdings yesterday announced it has received in-principle approval from the Singapore Exchange for its proposed rights issue. The approval is subject to an undertaking from the company to provide status reports on the use of the proceeds and the submission of a
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      • 78 9 SINGAPORE Telecommunications, South-east Asia's largest phone company, said the head of a team developing new growth strategies at its Australian unit Optus has resigned. Martin Dalgleish, 40, will leave at the end of October. Mr Dalgleish, previously the head of consumer division at Optus,
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      • 80 9 STRATECH Systems said it has been awarded damages totalling $951,204—for which an appeal has been filed by the defendant—for its suit against Guthrie Engineering (S) Pte Ltd. The suit was over outstanding money due for goods and services Stratech delivered as sub-contractor to Guthrie Engineering. As
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      • 60 9 TPA Strategic Holdings, a regional distributor, maintenance and repair service centre for a wide range of original equipment manufacturer aircraft components for Boeing and Airbus, announced that net profit for the first six months ended June 30 jumped to $1.66 million from $234,000 a
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      • 74 9 MAINBOARD listed CSE Global reported a 9 per cent increase in net profit to $3.6 million for the second quarter ended June 2004 from $3.3 million a year ago. Revenue increased 5.3 per cent to $40.0 million from $38.0 million. For the first
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    • 255 9 Market sources say the issue, likely to total US$1b, is expected soon Reuters UNITED Overseas Bank Ltd, Singapore's third-largest lender, yesterday said it was planning to market two tranches of Singapore and US dollar bonds. Market sources said the dual-tranche bond was expected to
      Reuters  -  255 words
  • Page 5 Advertisements
    • 54 5 Are you ready? The new SLK. Mercedes-Benz Sophisticated. Impeccably bred. And so versatile, it transforms from coupe to roadster in just 22 seconds at the touch of a button. The Future of the Automobile Mercedes-Benz Sales Enquiries. Tel: 6298 1818 Showrooms: 239 Alexandra Road 209 Pandan Gardens 22 Übi Road
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  • SINGAPORE markets
    • 648 6  -  Compiled by VEN SREENIVASAN Inter-Roiter Engineering Aug 11 closing: 89 cents HlO4 results are in line with expectations. Inclusive of the Dubai contract, the order book remained firm at $174 million, or 2.5 x FYO4 sales, providing visibility into the next two years. We expect a stronger H2
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    • 303 6  -  HOT STOCK WARRANT By R Sivanithy JUST a few months ago, the oil and gas sector provided one of the freshest story angles in the local stock market. Several stocks benefited, among them Rotary Engineering, mainly because of its China exposure. Expectations
      Source: Bloomberg  -  303 words
    • 572 6  -  BT comment STOCKS r. sivanithy THE Straits Times Index lost its grip on the 1,900 mark yesterday as its recent relative under-perfor-mance vis-a-vis other markets continued for a third straight session. Wall Street's Tuesday bounce was dismissed as a temporary respite for a
      Source: Bloomberg  -  572 words
    • 622 6  -  BT comment CURRENCIES High oil prices remain a big concern for Asian currencies larry wee US STOCKS made an impressive recovery overnight after the US Federal Reserve made it clear that they were unfazed by recent poor US jobs numbers, but currency traders were
      Source: Reuters  -  622 words
    • Trades to Watch
      • 113 6 JACKSPEED Corporation chief executive Liew Ham Chow raised his stake in the maker and distributor of automotive products through the purchase of 1.2 million shares in a married deal with executive director Neo Gim Kiong. The purchase, at 29.5 cents apiece, raised Mr Liew's direct
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      • 86 6 GOH Bak Heng, who became a substantial shareholder of Best World International last week, raised his stake further on Tuesday to 7.5 million shares or 6.02 per cent from 5.14 per cent. Mr Goh bought 1.1 million shares in the health and lifestyle
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      • 94 6  -  Compiled by TAILA KRISHNAKUMAR VETERAN banker Wee Cho Yaw strengthened his grip on Haw Par Corporation when his privately owned investment vehicle Wee Investments bought 421,000 shares on the open market on Tuesday. The purchase, at about $4.90 a share, raised Wee
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    • Article, Illustration
      414 6 OTHER SINGAPORE INDICES Aug 11 VALUE CLOSE BT OB/OS -230.00 -236.00 BTCAM -*****.00 -146.00 BT 10-day MA -*****.00 -23.00 Afl-SG Equities 489.96 -3.13 SG Equities Elect 153.90 -2.20 SG Equities Fin 1571.31 +9.70 SG Equities Prop 429.08 -14.16 SIMSa 227.51 -1.03 SiMSCI Futures 226.50 -0.80 Stock* Votum* STATS ChipPAC 25c
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  • BLUEchips
    • 870 7  -  Despite two straight quarters of profits, prospects don't look good as it now faces a peaking chip industry, reports JEAN CHIA JEAN CHIA SOMETIMES, whatever you do, you just can't win. After Chartered Semiconductor Manufacturing posted a second straight quarterly profit recovering
      FILE PHOTO; Source: Bloomberg  -  870 words
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    • 174 7 Internet Would you 'surf' a website in Mandarin? wang luo V y»| HH *> Mi JH P l^^Blf f i IHr v M V RP-' m t 1 «l Jfc* i I j *§wi\ I I A /v jl Il^jSgp 'F p»S 5?-?#-' M"f**^^sT^^~#B?*-''. lJ^^HM^^^^^^H^''v v —j— j i ■r
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  • Page 8 Advertisements
    • 1278 8 KHONG GUAN FLOUR MILLING LIMITED (Incoiporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of KHONG GUAN FLOUR MILLING LIMITED will be held at its registered office at 2 MacTaggart Road (Level 3), Singapore *****8 on Thursday, 26 August
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    • 28 8 to more advertising lOV^! 9H The Times our >r? w9 at |Jft| our friendly sales personnel will serve you. Buy (t M(t Fjnd )t r T„... '-Tfr ,T
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  • Page 9 Advertisements
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    • 171 9 us<E Titos» rf^ E-mail Would you reply to one in Mandarin? dian you uk Mp' v <\ <o v aasig ri "i Bjyy JJ. !V> Id f a I I. ii i' A Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our
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  • EXECUTIVE suite
    • 460 10 Housing demand is particularly strong in Beijing, Shanghai and Guangzhon Bloomberg [HONG KONG] Shanghai Forte Land Co, the largest listed developer in China's biggest commercial city, said it plans to sell 500,000 square metres of homes in the second half, more
      Bloomberg; AFP  -  460 words
    • 276 10  -  By Andrea Tan CPG Facilities Management has bagged a five-year contract to manage the Singapore Expo, and will provide integrated facilities management services. The contract sum was not disclosed. The exhibitions and conventions centre was previously managed internally by Singex Venues Pte
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  • Page 10 Advertisements
    • 213 10 -p~* '#■-< **a. «*>|". imperialwharf london sw6 6% ren tai London's premier riverside location guarantee* 1®!M v 4 H sSPJbIK K 'A your chance to invest in the real thing Adjacent to Chelsea Harbour and within easy reach of the King's Road and Sloane Square 2 3 bedroom apartments and
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    • 218 10 IHlvhancock TOWER 18th 19th floor [HHKHs; Each floor 10,128 sq ft (approx.) reeh ,c| YJ Prime CBD location Walking distance to Raffles Place MRT [Tender closing date: 19th August 2004, Thursday at 3 pm Sole Marketing Agent Tan Ser Fong 6531 8565 CalvinYeo 6531 8671 *»> Ky,.-<«< 6 RAFFLES QUAY,
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  • SINGAPORE news
    • 539 11  -  Successor must be groomed to take over: Nestle CEO By Chen Huifen WHEN you are climbing the corporate ladder, remember that you have to climb down safely before you can say that you have succeeded. That was one of the lessons
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    • 98 11 JOHANNLoke and Yvonne Goh (above) were among the five BT readers who each won a $500 dining voucher in the BT-Citibank Gourmet Pleasures promotion that ended last month. The other winners were Tai Boon Huat, Karen Cho and Irene Poon. Johann, 30, who works in corporate relations,
      98 words
    • 382 11  -  By Nande Khin UNITED Overseas Bank has become the first local bank to reach an agreement with unions in line with recommendations by the Tripartite Taskforce on wage restructuring. The bank signed a Memorandum Of Agreement yesterday with the Singapore Bank Employees'
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    • 551 11 EYE ON THE ECONOMY Economists raise forecasts after good Q2 showing Bloomberg MORGAN Stanley and J P Morgan Chase Co raised their 2004 growth forecasts for Singapore's economy after a faster-than-expected expansion in the second quarter prompted the government to increase its
      Bloomberg  -  551 words
    • 351 13  -  EDI group pays $1.2m for 33% of Aromatrix unit By Nande Khin HOMEGROWN biotech firm Aromatrix hopes to expand overseas through a partnership with CPG Corporation. Under a deal, CPG Corp the corporatised former Public Works Department now owned by
      351 words
    • SINGAPORE Roundup
      • 51 13 THE National Library Board has named its new chief executive N Varaprasad, who is currently deputy president of the National University of Singapore. He will take up his post on Sept 15, replacing Christopher Chia, who became CEO of the Media Development Authority on June
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      • 44 13 FORMER regional general manager of GE Power Systems, Rick Tio, has been appointed CEO of City Gas Pte Ltd. Mr Tio's previous positions include vice-president of Enron International and president and CEO of Korea's Choongnam City Gas Company.
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      • 54 13 FROM today more than 20 Singapore companies will participate in an eight-day sea-air promotion mission organised by IE Singapore and the Civil Aviation Authority of Singapore to Vietnam, Cambodia and Myanmar. Companies are eyeing opportunities that may arise when the WTO Agreement on Textiles and Clothing
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  • 4402 11 UNIT TRUSTS FUNDS Commcnbank Asset Mat Com Global France Index (3 0.931/ Com Global lifestyle lnde«Fd 0954/ P P*" 1 nm Com Global HofthlndexFd 0.836/ SQf Europe Ec*W 0.7(» Com Global Telecom Index Fd 0.47/ Com Global kifotec Index Fdl" 0.319/ sjagw. —ag aaaaar5=:is s« E&izi=====zzr mw Star Global Technology
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    • 49 11 •a Voicemail The voice on the other end tells you, in Mandarin, to leave a message. Do you? liu yan •>"' j. mm v" -,r felW a> t MANDARIN If\ f. EBBI il r/I- PIMCO Emerging Markets Bond Fund rated 5-star by Mercer Investment Consulting Allianz (HT) Dresdner Asset Management
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  • 247 12 They say the medium is the message. If so, then you might appreciate our switch to a more reader-friendly typeface, and the look of our new masthead the Business Times title on the front page. With a bigger typeface and more spacing between words, reading our
    247 words
  • Article, Illustration
    957 12 Out next month: Looking fresher with more pages, more news, more views, and more fun... Nine years is a long time, in life or in business. It was in 1995 that The Business Times last revamped its content and had a major makeover. Nine years on, it's
    957 words
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  • Page 13 Advertisements
    • 1196 13 CIHLtd CIH Limited (Incorporated in the Republic of Singapore) Announcement of Unaudited Results and Dividend For The Second Quarter Ended 30 June 2004 The Board of Directors of CIH Limited is pleased to announce the unaudited consolidated results of the Group for the second quarter ("2Q") and half year ("1H")
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    • 760 13 W:| GP Batteries International Limited (Incorporated in the Republic of Singapore) ACRA Reg. N0.*****2111N Announcement of First Quarter Financial Statement The Board of Directors of GP Batteries International Limited is pleased to announce the unaudited financial statement of the Group for the first quarter ended 30 June 2004 as set
      760 words

  • EDITORIAL & opinion
    • 809 14  -  THE bottom line OPINION yogi aggarwal IT HAS been said that the wars of the 21st century will be over water resources. In the Indian subcontinent, the rift lines have already begun to appear. A long-simmering dispute over the sharing of river waters erupted
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    • 70 14 'I personally do not like hedge funds. They are an accident waiting to happen in many cases.' managing director of a large firm of financial advisers, on why he avoids putting his clients' money into hedge funds. 'We would prefer to see policy makers allowing local currencies
      70 words
    • 637 14 EDITORIAL IS THE Federal Reserve correct to continue insisting that US economic growth remains good or might Fed chairman Alan Greenspan be painting himself into a corner? Despite last Friday's bombshell of another horribly weak US jobs number, the Fed stayed its course and hiked both
      637 words
    • 1421 14  -  Regional utility companies are showing Western and Japanese companies that the international energy business is no longer their preserve By Andrew Symon THE $6.4 billion purchase by Sing Power of Australian gas and power company TXU, the country's third largest energy group, is a
      REUTERS  -  1,421 words
  • Page 14 Miscellaneous
    • 202 14 CRYPTIC CROSSWORD 29 Cost of putting writing materials into running water (7) 11 Diminutive lady's series of YESTERDAY'S SOLUTION lessons forming speech (9) Across: 1 Amicable, 5 Caress, DOWN 14 Personal letter from William g 10 stupor, 11 Stag--2 One called we with scruffy tuxe<k> (6-4) 12 p aj 14
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  • REGIONAL news
    • 454 15  -  Bnt sceptics say his past failures may turn banks away From Eddie Toh in Kuala Lumpur FORMER tycoon Halim Saad has tightened his grip on his new listed vehicle but businessmen are not so sure if his comeback will be fully accepted
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    • NOTE Book
      • 60 15 Bloomberg [BEIJING] China's securities regulator tightened rules on overseas listings by subsidiaries of publicly traded companies, in a move aimed at independence of units and protecting minority investors. Parent companies must have a clean regulatory record and have been profitable for three years to spin
        Bloomberg  -  60 words
      • 55 15 Bloomberg [JAKARTA] PT Indonesian Satellite Corp will have a new chairman after president Widya Purnama was named the president director of state-owned oil company PT Pertamina. Indosat in which Singapore Technologies Telemedia has a 41.7 per cent stake—will hold a shareholders' meeting to choose a
        Bloomberg  -  55 words
      • 84 15 Reuters [HONG KONG] The Hong Kong stock exchange (HKEx) reported a 53 per cent surge in second-quarter earnings yesterday, but growth is expected to slow on falling trading volumes and investment income. The results missed market forecasts and disappointed investors because Q2 profits sharply lagged
        Reuters  -  84 words
      • 70 15 Reuters [LONDON] British utility Centrica said yesterday it had signed a liquefied natural gas contract with Asean LNG Trading Company, a subsidiary of the state oil and gas company of Malaysia, Petronas. Centrica said the 15-year supply deal would deliver over 45 billion cubic
        Reuters  -  70 words
    • 490 15 HONG KONG S'pore, HE counters make gains as economic recovery gathers steam Reuters ASIAN property stocks dipped in July, their first sign of faltering after leading other regions this year, but analysts said economic recoveries in Singapore and Hong Kong would
      Reuters  -  490 words
    • 242 15 BEIJING Reuters A CHINESE businessman is suing the government for US$2l million after his business and assets were confiscated, the biggest compensation case ever filed against a state organisation, the China Daily reported yesterday. The Guangzhou-based businessman, Chen Jinhong, filed the lawsuit
      Reuters  -  242 words
    • 57 15 AP [MANILA] Protesters holding up placards during a rally yesterday in Manila following the government's plan to impose new taxes on oil and on text messaging to overcome its budget deficit, which is expected to reach at least U553.54 billion, or 4.2 per cent of the
      AP  -  57 words
    • 327 15 SINGAPORE Reuters ASIA'S top refiner Sinopec Group plans to build a 10 billion yuan (Ss2 billion) oil complex in China's southern Hainan province, as part of a move to speed up refinery expansion to meet surging demand, industry officials said. The project will
      Reuters  -  327 words
    • 338 15 NEW DELHI Nortel and Nokia awarded the largest such deal in country's wireless industry Reuters STATE-RUN Bharat Sanchar Nigam Ltd (BSNL), India's largest phone firm by sales, said yesterday it placed GSM equipment orders worth about US$B62 million with Canada's Nortel Networks
      Reuters  -  338 words
    • 524 16 CHINA FORAYS Its partner will get brokerage licence; it'll take 33% stake in investment bank Bloomberg [BEIJING] Goldman Sachs Group Inc is set to clear the biggest hurdle in its bid to start underwriting stock and bond sales in China, the fastest-growing major
      Bloomberg  -  524 words
    • 279 16 Int'l Bank of Asia leveraging on trade pact to open office Bloomberg [HONG KONG] International Bank of Asia, a Hong Kong-based lender 75 per cent owned by Taiwan's Fubon Financial Holdings Co, plans to buy lending businesses to take advantage of a
      Bloomberg  -  279 words
    • 135 16 BEIJING Reuters CHINA had a US$2 billion trade surplus in July, its third in a row, as exports jumped nearly 34 per cent from a year earlier, official data showed yesterday. Exports were US$5l billion in July while imports were US$49 billion, up 34.2
      Reuters  -  135 words
  • Page 15 Advertisements
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  • Page 16 Advertisements
    • 197 16 ,i >■:--% iii—uti mii'ii iim I A solid performance Highlights of our interim results for 2004: Profit attributable to shareholders up 55% Earnings per share up 41% Return on average shareholders' funds of 16% Second interim dividend of US 13 cents per g share a Headquartered in London, HSBC Holdings
      197 words
    • 1554 16 Land area 16,926 sq ft 1 Zoning: Residential, GPR 36-storey (max) N \t\ I——l Potential GFA: 47,393 sq ft, approx 40-45 a\ f new high-rise apartments g Y*\ m.uii i i X. Invitation for Expression of Interest '^wTcSa D VlJt—• m*t /tv, «u» V— Submit By: 7 Sep 2004 MOULMEIN
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  • WORLD news
    • 466 17  -  But fund flows into Japan hit 12-month peak of US$12b in recent weeks From Neil Behrmann ic London FOREIGN fund managers have made sizeable cutbacks to their allocations in Asia-Pacific stock markets since April in contrast with a surge of buying between
      466 words
    • 516 17 TOKYO But Sumitomo Trust will take case to Supreme Court AP BANKING giants UFJ Holdings and Mitsubishi Tokyo Financial Group can hold merger talks to form what would be the world's biggest bank, a Japanese high court ruled yesterday. But rival Sumitomo Trust,
      AP  -  516 words
    • 458 18 PARIS US$45 price tag unwarranted as oil production increases AFP [PARIS] The oil market is showing "irrational exuberance", the International Energy Agency (lEA) said yesterday, signalling that record prices of about US$45 per barrel are unjustified. The Organisation of Petroleum Exporting Countries (Opec)
      AFP  -  458 words
    • 476 18 WASHINGTON But company warns of lawsuits and other factors that may hamper growth LAT-WP GOOGLE Inc has set Thursday as the deadline for investors to register for its initial public offering, moving forward with plans to auction off shares even as it and
      LAT-WP; AFP  -  476 words
    • WORLD Watch
      • 87 18 Bloomberg [TOKYO] The International Monetary Fund (IMF) raised its 2004 forecast for Japan's economic growth by a third to 4.5 per cent as an expansion fuelled by exports and investment boosts consumer spending. Japan, the world's second-largest economy, probably expanded for the ninth quarter
        Bloomberg  -  87 words
      • 71 18 Reuters [LONDON] British scientists said yesterday they had been granted permission to clone human embryos for medical research, thought to be the first such licence given in Europe. Researchers at the University of Newcastle in northern England will be allowed to create embryos as a
        Reuters  -  71 words
      • 104 18 Reuters [WASHINGTON] A high-profile political assassination, triggered by a new message from Osama bin Laden, will lead off the next major Al-Qaeda attack, The Washington Times reported in yesterday's editions, citing US intelligence officials. US officials familiar with intelligence reports, speaking on condition of
        Reuters  -  104 words
      • 112 18 Reuters [LOS ANGELES] Walt Disney Co posted a 20 per cent rise in quarterly profit on Tuesday as sports network ESPN and other cable channels scored gains that overpowered box office losers The Alamo and Around the World in 80 Days. An influx
        Reuters  -  112 words
    • 363 19 NEW YORK It will enable firms to avoid shareholder nominee if new director accepted Reuters THE US Securities and Exchange Commission staff is drafting a revised proposal to increase shareholders' boardroom power, in a bid to meet objections of some commissioners, the Wall
      Reuters  -  363 words
    • 294 19 TOKYO Bloomberg Reuters GLOBAI sales of chip-mak-ing equipment more than doubled to U553.75 billion in June from a year earlier, bolstered by rising demand in Taiwan and South Korea, two industry groups said in a joint release. Sales gained 107 per cent from US$l.Bl billion
      Bloomberg; Reuters  -  294 words
  • Page 17 Advertisements
    • 601 17 KINGSMEN CREATIVES LTD. (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Kingsmen Creatives Ltd. ("the Company") will be held at 3 Changi South Lane Singapore *****8 on 26 August 2004 at 4.00 p.m. for the purpose of considering and,
      601 words
    • 1076 17 registration *****0219E IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore with limited liability) IDT HOLDINGS (SINGAPORE) LIMITED is an investment holding company whose subsidiaries are engaged in the designing, engineering, manufacturing and marketing of consumer electronic products which principally feature LCD and microprocessor applications. Group Financial Highlights Operating
      1,076 words

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    • 309 18 LISTEN, MEET AND CONVERSE WITH THE WORLD'S MOST INFLUENTIAL LEADERS AT THE GLOBAL BRAND FORUM 2004,16-17 AUGUST Rudy Giuliani KBE Francis Ford Coppola Chew Choon Seng Warren Bennis Ex-Mayor of New York City Oscar-winning Film Director CEO, Singapore Airlines Chairman, Centre for Public Leadership "Leadership In Difficult Times" "Cinema, Leadership
      309 words
    • 207 18 "125 Years a Over 400 locations Worldwide mlnl LillnLiLr*ulln* >■ Ask us about Corporate, Individual or Group Instruction. m Call Berlitz today 6733-7472 or visit vmw.berlltz.com jj 501 Orchard Road *05-03/04 Wheelock Place Singapore *****0 Jj HKV3HHp|H| Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT. CAP.
      207 words

  • Article, Illustration
    1097 19 Transaction date:Aug 11 INTERBANK CROSS RATES AS CS Rmb Euro HK$ Ind Rs Buplah Yen Won KM HZS Pak Rs Peso S$ Bind Sfr HT$ BaM Pound US$ Australia 0.941 5.897 0.582 5.556 33.045 65.884 0.793 8.262 2.707 1.094 41.956 39.644 1.220 4.421 0.898 24.325 29.577 0390 0.712 Canada
    1,097 words
  • 1639 19 SICOM FUTURES Augl RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 04 220.50 Oct 04 218.50 Nov 04 218.50 Dec 04 218.50 Jan/Mar 05 218.50 Apr/Jun 05 221.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Sep
    1,639 words

  • 4863 20 Transaction date:Aug 11 HONG KONG Vol HK Exchanges Clearing .15.50 0 40 8873 HKS HO HKRInt'l 2.55 4)08 3964 Hong Kong Electric 33 20 -0 20 2300 Aeon Credit 4.95 unch 374 Hongkong Chinese 0.93 unch 540 Aeon Stores 6.95 0.15 68 Hopewell Holdings 16 65 0.05 797
    4,863 words
  • 2411 20 Transaction date:A ug 11 KUALA LUMPUR Globetronics T ech 0.43 -0.02 614 Vol GlomacBhd 2.40 0 04 1 RM *1- (*000) Gold Bridge Engrg 0.3S -0.01 156 Golden Frontier .0.73 unch 16 A M Realty 1.28 unch 3 Golden Hope Plant 3.36 unch 20 Abric .0.56 -0.01 37 Golden
    2,411 words
  • 888 20 Transaction date.Aua 11 Mrt—i W OM» ttnl »Kt W O— Ommf Allgreen 50c 029 1.000 -0.030 NOL 2 16 2.880 *0.020 Bit Intl US20c 0.41 0.640 -0.025 OCBC 10 27 12.800 CapitaLand 1.02 1.440 -0.080 Partway H2Sc 0 56 1.140 -0.010 Chart SemiCond 26c 0.85 1060 -0.040 People's Food
    888 words
  • 962 20 BONDS WARRANTS Prem Expiry Id Last Vol Com Exar Disc Gtar Mths Code Company Sale +or- COOP) Ratio Met ktg Left ABN f *****3S AOBn 1 845%*****5S 3779 ASL Marine HldgsW*****1 14 t 53 41 3.39 44 3697 Acma Ltd W*****6 .0.5 1 50 742 12.00 3 3602 Amtek W*****0
    962 words
  • Page 20 Advertisements

  • BizIT
    • 706 21  -  Fresh investment growth is slowing in the developed economies, leading to jitters about a downturn. But the real action is in the emerging markets, especially in Asia IT comment INFOTECH raju chellam THREE key Internet players Singapore's Pacific Internet, America's Cisco Systems, and Japan's Softbank
      706 words
    • 322 21 Bloomberg [BEIJING] Lenovo Group Ltd, China's biggest maker of personal computers, said Ql profit rose 21 per cent as it sold more PCs, ended losses at its handset unit and booked a one-time gain from asset sales. Net income in its Ql
      Bloomberg  -  322 words
    • 254 22 Stockpiles may not be cleared out until end of quarter Reuters [TAIPEI] Taiwan's major tech hardware firms posted weak revenues in July as modest back-to-school demand for computers and a pile-up of unsold inventory cast a shadow over the outlook for Q3.
      Reuters  -  254 words
    • 813 22  -  Singapore well-placed to pick up high-end jobs in global BPO market, Gartner tells Amit Roy Choudhury BT exclusive Amit Roy Choudhury Business process outsourcing (BPO) services in Singapore will grow almost twice as fast as the global BPO market,
      813 words
    • 232 22 AP [SAN JOSE, California] Hoping to spur a 3D revolution, Sharp Systems of America introduced a new flatpanel computer display that is designed to deliver eye-popping images without the need for special glasses. Though a handful of lesser-known companies have produced stand-alone 3D displays for
      AP  -  232 words
    • 188 22 Bloomberg [PAßlS] Cap Gemini SA, Europe's biggest computerservices company, said sec-ond-quarter sales rose 1.7 per cent, boosted by spending on IT in Europe. Revenue rose to 1.49 billion euros (Ss3.l billion) from 1.47 billion euros a year earlier in line with analysts' estimates.
      Bloomberg  -  188 words
  • 6951 21 Transaction date:Aug 11 52-Wk Td Last Vol Day Last Quote GrOtv Mr GrYld Net MCap HM» law Code Company Sate +<- (HOP) High low Buyor Slier Cvr P/t SwiS 25.5 6.5 5716 1st Software 5c 6.5 unch 1151 6.5 6.5 6 6.5 258 34.5 25 3148 8TelecomUS2c 25.5
    6,951 words
  • 70 21 tt-W* W Last Vol Day Last Quote GrOiv Dtv GrYM No MCap Low Codo Cowpany Sato w- rOQO) High Low tvym S*f Cvr WE Sw« 2060 2000 6065 Diamonds US2060cd 2120 6095 15 OJ US Tech US3740 6097 IS MSCI Spore US55S 6101 ISS4P500 US8270 ********** 6170 SPDRS
    70 words
  • 1946 21 S2-W* T«l Last Vol Di) Last Quote GrfNv Mv GrYld Net MCap Low Cod* Company Sala W- fOBD) Htfi Low Bwyar Satar CVf Swli 26 12.5 5000 ABR Hldgs 5c 14 unch 14 14 14 14 16 2 42 225 2101 APOil 5c JO 28 30 5 N9.1
    1,946 words
  • 343 21 S2 Wk T«l Last Vol Day Last Quote GrOtv Div GrYM Net MCap Ugh lw Coda Comply Salt *1- COOP) low Myr SoT Cw Wt fajj 228 150 6000 AVJeoning$A25c A178 178 181 44 10.6 6.2 5£ 3831 6001 Cathay Pac 20c HK720 265 2.1 7.4 6 *****.2
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  • Page 22 Advertisements
    • 260 22 The essentials of imaging KONICA MINOLTA I I "5 I I HI i mm. I k, I^m I <31 IF* 1 2^m HI I. C j IL£\ 111 illl^^^^K v i Mi m fl B i I m w Ml I b m KgH B T MHv~ I K. ■sii
      260 words

  • SHIPPING TIMES
    • 727 23  -  He says it's not a question of if or when, but where and how often Reports by Donald Urquhart [SINGAPORE] A US-based security expert has sounded a dire warning on the seriousness of the threat of maritime terrorism to Southeast Asian waters and
      REUTERS FILE PHOTO  -  727 words
    • 299 23 SGX '000 Augll SS Vol CH Offshore 0.37 unch 1294 ChuanHup 0.54 unch 574 Cosco Investment 0.83 -0.02 ***** CWT Distribution 0.53 unch 18 Ezra Hldgs 0.93 unch 0 Freight Links 0.09 -0.01 388 Grand Banks Yacht 0.79 unch 20 la ya Holdings 0 86 -0.02 1198 K1
      299 words
    • 314 23 Anti-piracy advocate calls for changes to UN Convention [SINGAPORE] International shipping is paying the price for the "obsessive" emphasis on sovereignty in the Straits of Malacca, said anti-piracy advocate Alan Chan who is urging changes to the United Nations Convention on the Law of the
      314 words
    • 619 23 AP [WASHINGTON] The US Navy is investigating how a small wooden boat was able to approach and ram into an aircraft carrier in the Persian Gulf last month, military officials said. The collision appears to be accidental, navy official says,
      AP  -  619 words
    • 445 23 Ports authority acts on former monopoly supplier's deal with govt Bloomberg [COLOMBO] Chemoil Corp, which supplies 4 per cent of the world's marine fuel, said Sri Lanka has stopped its localjinit from refuelling ships within Colombo port two weeks after it started operations. Sri
      Bloomberg; BLOOMBERG FILE PHOTO  -  445 words
    • 117 23 Bloomberg [HONG KONG] Titan Petrochemicals Group Ltd, a Hong Kong-based garment maker-turned oil transportation provider, bought the tanker VL Chios for US$24 million to increase the size of its oil fleet, the company said in a stock exchange statement. Titan, which gets about a
      Bloomberg  -  117 words
    • 289 23 It plans to expand LNG tanker fleet to 59 vessels by 2007 Bloomberg [TOKYO] Mitsui OSK Lines Ltd, Japan's second-largest shipping company, said it expects annual current profit from liquefied natural gas operations to rise by half in the next two years
      Bloomberg  -  289 words
    • 804 24  -  NEWBUILDS By David Hughes THE holiday season appears to have taken its toll on newbuilding ordering. While there is much talk about new projects, including, as ever, LNG carriers and large container ships, no firm contracts have been announced. Before coming back to work and
      REUTERS FILE PHOTO  -  804 words
    • 107 24 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 Jesselton 5 Kyowa
      107 words
    • 7702 27 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number To BANDAR ABBAS (BND) 2036 Iran TO ABIDJAN (ABJ) 2003 Cot* D'lvoir* 23/08 04/09 IRISL IRAN SHAHRYAR PCL 8042 *****144 23/08 30/09
      7,702 words
    • SHIPS IN PORT
      • 589 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ANTONIS E464 J8/9 A/SIDE 12/08 1800 BAOSHAN 0410 J4/5 A/SIDE 12/08 0600 BAYSWATER228 E4194 J3 A/SIDE 12/08 0200 BEATEOLDEND 017 J6 A/SIDE 12/08 2200 BRASTAGI3 003N J25 A/SIDE 12/08 0600 ETNA 2 001 J15 A/SIDE 12/08 1400 EVERISEGLORY 95
        589 words
      • 1784 29 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing (In- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 095S 095S 1 13/08/2004-08:00 13/08/2004 19:00 ACX SAKURA 033N 033N 1 *****004-22:00 **********:0) ACX SWAN 106N 106N 1 14/08/2004-15:00 15/08/*****1:00 AL FARAHIDI C307W C307W 1 14/********** 15/*****403 30
        1,784 words
      • 141 29 Aug 12 Thailand: Queen's Birthday. AnglS France: Assump Day. Belgium: Assump Day. India: Indepen Day. S Korea: Libe Day. Aug 17 Indonesia: Independ Day. Aug 20 India: Parsi New Day. Aug 30 UK: Summer Bank Hoi. Aug 31 Malaysia: Nat Day. Philippines: Nat Heroes Day. Sep 6 Canada:
        141 words
      • 799 29 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        799 words
      • 607 29 C«t« 180 Mm 975 2 (U 152 0.03 IS 0.02 Aug 5 <*«*r HexJdue AiftAlurniniun SMtwul No above £25 0 0 I 0 0 0 %H/M 380 Ave 985.1 0J M4 OXM 22 0.02 Uuo 380 Max ***** IT 17.8 0.07 56 0.06 SB H>/y SM/)I
        607 words
    • AIR & LAND transport
      • 453 30 AP [ANCHORAGE, Alaska] A shortage of Alaska air traffic controllers threatens to jam up aviation in the state, a spokesman for the controllers union said. Rick Thompson, regional vicepresident for the National Air Traffic Controllers Association, said the Federal Aviation Administration
        AP  -  453 words
      • 394 30 This was done to avoid Alitalia undercutting BA; it prompted similar action in Italy Reuters [ROME] Britain's aviation authorities have asked Alitalia as recently as July to raise fares to avoid undercutting British Airways (BA), an Alitalia source said on Tuesday, defending
        Reuters; AFP  -  394 words
      • 529 30 Bernama [KUALA LUMPUR] Air Asia Bhd hopes that the government will come out with a policy on low-cost carriers (LCCs) and full-service carriers (FSCs) in line with the dynamic changes that had taken place in the aviation industry. Tony Fernandes, the group
        Bernama  -  529 words
      • 243 30 Caller said Sylhet Int'l Airport would be blown up AFP [DHAKA] Bangladesh's three international airports were operating normally yesterday following an anonymous threat to blow up one of them, the official BSS news agency said. The manager of the northeastern Sylhet Osmani International Airport,
        AFP  -  243 words
      • 229 30 Reuters [MUMBAI] Air India plans to finalise as many aircraft lease agreements as possible by September, when a tax exemption on such deals expires, its managing director said on Tuesday. The international carrier aims to double its fleet size in two years.
        Reuters  -  229 words
      • Article, Illustration
        61 30 [WICHITA, Kansas] A fuselage section of the last Boeing 757 sits in the Boeing Co's manufacturing plant in Wichita. The 757 fuselage programme, which was launched in 1979, ends thisfall when Boeing delivers the last 757t0 China's Shanghai Airlines. This will be the 1,050 th single-aisle, twin-engine
        AP  -  61 words
      • 380 30 Results still a sharp turnaround from HK$1.2b loss AFP [HONG KONG] Hong Kong flag carrier Cathay Pacific Airways reported yesterday a lower-than-expected net profit of HK$l.77 billion (Ss3B9 million) for the six months to June as high oil prices took a toll. But it
        AFP  -  380 words
      • 2133 30 CITY aiCMT CT* fUGMT HO rOT7I rrxr mm LHim 1*46 fcATJM Hi5 Fr irf rt °g°"gg $5 S0230 1840 Of82 2215 ,12 SSSSS »i» 66ii e*»4 61J6 j™ 4 «n 22" L "*> WL838 2255 W«78 1555 *5 2255 MM4 MS SO2007 1555 LH779 2305 IflMM
        2,133 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 711 24 I IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND qi iocp cmrrn c cvpdccc M»yi fsvnn smriTim wn»a» ASIA EXPRESS (AAX) VESSEL VOY LGt SIN PKG j— 1— ——j— —I ooamngbo m W ii/S w J®S 515 «L_ _BL. _Bg_ 00a HAMBURG 04W31 M/M 22/08 24/08 API MIXKO 25M 31/07 02/0« 04/01 06/01
      711 words
    • 525 24 Lines services represented by mm **M ~st JT x°f»» jy Singapore Shipping Association ssocia ion g ULY UNE MALE /vessel voy eta eta ha A P. KLANG SPORE MALE Kota Tegop TGAO73 17/08 27/08 Maid Carrief 749 15/08 19/08 28/08 Princess Lily 0604 23/08 25/08 05/09 Kota Teraju TRJOB9 30/08
      525 words

  • Page 25 Advertisements
    • 1004 25 MOL Combines a range of shipping modes lo ensure timely, retioble services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also occapt htrrAsh Cm§m to: SUSAN KWANOYANG SHANGHAI YANTIAN XIAMBI QMGOAO SttAWAM J JAKARTA SURAIAYA KAOHSMmC SAMCKOK lA£M CHAIAMC mKmWNH PASW GUPAN6 PBIAN6 PORT lEAN 6 For
      1,004 words
    • 961 25 GENERAL AGENTS IN SINGAPORE: SALES/BKGS TEL 6420 *****43 FAX: *****321/24 COSTAR SHIPPING PTE LTD SSffiiET OUTWARD (B/U *****802 *****325/75 IFTHA IMMimC KMtfTIWnfUAINI INWARDfIVO) *****786 **********9 r* ivwi 17f»u!nMil T/SHIPDEP *****825 *****316/46 «A/NUn 5 QrrfCc.* vK NU. I I /O/OTWWJM fYyji/njnA4|Ai CJOf) coca CVXf OOrtfi COSTAR AGENCIES (M) SDN BHD 7ELO7-353
      961 words
    • 697 25 VBSfl VOY SIH PQO HCM HKG\ KYH PUS VESSEL VOYiaFl^PK^^ GOLDEN SAT! JgL 22/8 PETH BRIDGE 060 A 13/8 I 15/8 GOLDEN TRADE 4Q6W 24/8 25/8 27/8 NEW DYNAMIC 067 A I 19/8 I 21/8 HEffFORD OQBN 31/8 1/9 3/9 PERTH BRIDGE 061 A 26/8 8/8 *VSI cottng both North
      697 words

  • Page 26 Advertisements
    • 985 26 IMAf WALLENIUS WILHELMSEN website: http://www.2wglobal.com Vtssa YOY RAMP HEIGHT SIM IK "IUO~ WOW «UA SAY »Al ~M~ NYC WPW MM TAME SIS AF4I6 3201*s 6.40 M 16/ M 09/09 18/09 25/09 26/09 01/10 29/09 03/10 22/09 TAMPA AMI 7 4201NS 6.4 M 30/08 2S/09 04/10 11/10 12/10 16/10 14/10 11/10
      985 words
    • 822 26 FWX WAN HAI LINES Y Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: 1 EUROPE ROTTERDAM HAMBURG ANTWERP CALUNG SIN EVERY Saturday For more details, call HOTLINE: 6226 1588 1800-*****00 < J pb I I 9 HIN A?"JL p L N< f. c N E LINES co
      822 words
    • 789 26 BSfl a MYANMA BBe five star line (Myanmor National Line) Loodinfi for Yaiigoii VESSEL VOY SIN PKL PEN PGU PAGAN 332W 11/01 HP*-AN 320W SU> SID IN MALAYSIA: BOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PIN: 04-*****02 ACCEPTING CONVENTIONAL CGO HKG S* HKG S* PGU PKL MIC SUNNY HURT 58
      789 words

  • Page 27 Advertisements
    • 580 27 VtSSEL VOY SIN PKL KARACHI DXB BAB DMM BIK KHORRAMSHAHR IRAN KORDESTAN PCL 8041 18/08 19/08 26/08 29/08 30/08 07/09 10/09 13/09 IRAN SHAHRYAR PCL 8042 23/08 24/08 31/08 03/09 04/09 11/09 14/09 17/09 IRAN SATTARI PCL 8043 30/08 31/08 07/09 10/09 11/09 18/09 21/09 24/09 IRAN KORDESTAN PCL 8044
      580 words
    • 320 27 i pi k UK CONTINENT SERVICE Loading for ANTONIS RTM/ATW/BMN/UK/NAN STARLY RTM/ATW/BMNAJK/NAN ARIELLA RDM/ATW/BMN/UK/NAN Loads Singapore, E7W Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for VTC STAR DBI/ABU/DOH/BRN/DMM/KWT RAVENNA DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/ADN/JDH/AQA 'Loads Singapore, E7W Malaysia, Indonesia USA SERVICE Loading for SAMOS DREAM CAM/NOL/NFK/SAV HANDY ROSELAND CAM/NOL/NFK/SAV 'Loads EVW Malaysia, Indonesia
      320 words
    • 313 27 JSSSB Vfil SIN PGU _ms£l *Q1 an *t PAC BANDA 1272N LLOB 12/08 TACIAU 4122 M/M 12/08 CSf 2301 0014? 12/08 14/08 PAC HKTAH 8M H/08 IS/08 PACBANPA 1273* H/M 13/08 AIAMIATi 7 SSfIS M/M 18/08 PACIANDA *****! M/M IS/OS I PACBAU 4128 16/08 19/08 CSF 2301 MZt li/M 16/08
      313 words


  • Page 29 Miscellaneous
    • 130 29 I REGIONAL WEATHER wu-TBt -^1 ffi-'! i gK *'^ST iPiir Issued by Meteorological Service Division,NEA LEGEND: I <C Thunderstorm Wind speed symbols v 7 Showers Fu circle w/o line indicates calm or light and variable winds Rain 1 O ne ha| f fleche represents 5 knots Cloudy Day -One full
      130 words