The Business Times, 24 August 2004

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Total Pages: 26
1 26 The Business Times
  • 13 1 85C MITA THE BUSINESS TIMES SINGAPORE TUESDAY, AUGUST 24, 2004 Internet: http://business-times.asial .com.sg
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  • 642 1  -  BABY PERKS FOR PARENTS But a chronic low birth rate will cost even more: economists By Daniel Buenas [SINGAPORE] The baby plan announced by Prime Minister Lee Hsien Loong on Sunday could cost the government more than $100 million a year. But
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  • 78 1 811 1,901~23 (+6.30) ST INDEX FUTURES 1,898.00 (+3.00) SIMSCI 229.48 (+0.83) SIMSCI FUTURES 229.80 (+1.00) Monday Change KLSE COMP 808.61 *0.14 NIKKEI 225 10,960:97 +71.83 HANG SENG 12,431.77 +54.87 SET INDEX -599.55 +1.00 JAKARTA COMP __749;17 -1.10 MANILA COMP —1,576.18 -6.66 TAIPEI WPI 5,660.97 +38.11 SEOUL COMP 787.65 +0.01
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  • 74 1 FOREX RATES US$ 8$ US$ (SS per I'SS) 1.707 <t(i:SS/S$ per S) 1.817 3.102 ElJRO(US$/S$/E). 1130 2.099 YEN 109.4 64.10 RM 3.W0 1226 HKS 7.800 4.569 BAHT 41.45 24.28 Rl'PIAH 9165 5,427 RENMINBI 8177 4.848 INDIAN RUPEE 4614 27.08 AS 1.385 0.811 NZS 1.491 0.874 PRIME RATES SINGAPORE 5S5
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  • 525 1  -  By Andrea Tan [SINGAPORE] The Housing Development Board has repossessed five flats since last year but not because it had kicked the owners out for defaulting on their loans. "Since Jan 1, 2003, HDB has not evicted any mortgagor on the grounds
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  • 754 1  -  Loss-making firm also doesn't offer firm dividend policy By Kenneth Lim [SINGAPORE] Existing shareholders of Star Hub, Singapore's only cable television service provider and third-largest mobile phone network operator, are set to cash out some of their chips in an initial mainboard float
    REUTERS  -  754 words
  • Page 1 Advertisements
    • 20 1 Businessmen back PM Lee's call for even more to be done, Pg 2 Editorial: Follow your hearts, S'poreans, Pg 12
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    • 175 1 a BANG ON TIME (*ll| This year promises to be an extraordinary one for the luxury 4 (W'.K|jS watch industry as Sincere Watch and 1l The Hour Glass celebrate their 50th and 25th anniversaries respectively. jtE Both leading watch retailers have lined up exciting programmes 2004. these say annual waxen
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  • NEXT page
    • 549 2  -  Outflows average $11.8b a year, against $8b for public sector: study By Wong Wei Kong [SINGAPORE] While the spotlight tends to fall on investments abroad by Temasek Holdings and the Government of Singapore Investment Corp (GIC), overseas portfolio investments by the private sector
      549 words
    • 623 2  -  Govt debt at 78% of GDP is crippling Manila economists From Al Labita in Manila AFTER months of denial, President Gloria Arroyo yesterday finally admitted that the Philippines is mired in a "fiscal crisis" similar to that suffered by Argentina in 2002 amid speculation
      REUTERS FILE PHOTO  -  623 words
    • 762 2  -  Cost most not be borne by unit trusts where CPF savings are to be used By Genevieve Cua [SINGAPORE] Who pays when a unit trust purchase using CPF savings has to be unwound? For the longest time, unit trust investors at large
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    • 866 2  -  ENCOURAGING ENTREPRENEURSHIP By Nande Khin [SINGAPORE] Entrepreneurs and businessmen from home-grown companies yesterday lauded Prime Minister Lee Hsien Loong's call to the government in his National Day Rally speech on Sunday to be more supportive of entrepreneurs. While acknowledging
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  • Page 2 Advertisements
    • 32 2 Chinese Paintings ZhangDoOjan UKeßan FanZeng m m m LuYonSta UuDanZhai *65 Qißaishi Contact: (65) 96-255-285 SIN HUA GALLERY (Founded 1980) 290 Orchard Road#os-29 Paragon Singapore *****9 Email: sinhuagallery@pacific.net.sg Fax: (65) 6737 4447
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    • 58 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: SimonneToh T: +65 6535 3382 F: +65 6535 3991 E: singapore6ocra.com.sg
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  • Page 3 Advertisements
    • 83 3 |W&1 PRESENTS A breakthrough revolutionary world's first belt-driven mechanical movement inspired by motor racing engines I^^CO Presented by Venue Time Mr. Stephane Under Mercury, Plaza Meeting Rooms Session 1 12.30pm-2pm International Product Director Raffles City Convention Centre Session 2 2.30pm-4pm TAG Heuer SA Swissotel, The Stamford Admission is Free Visit
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  • SINGAPORE companies
    • 632 4  -  Its average ticket price to be 40% below market's lowest average By Ven Sreenivasan FLYING to Bangkok, Phuket, Hatyai and at least 15 more destinations for as little as a dollar is no flight of fancy. These could be the lowest fares that
      FILE PHOTO  -  632 words
    • 336 4  -  It seeks to build partnerships with top logistics players By Vince Chang MAPLETREE Investments has bought, subject to conditions, three properties from listed Boustead for $52.5 million, as it gears up to launch a billion-dollar logistics real estate investment trust (Reit) within
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    • 738 4  -  HOCK lock siew siow lisen BACK in December 2002, this column said the first bank to foreclose on an HDB home loan is almost guaranteed bad press. After all, the Housing Development Board, despite having a default rate higher than most commercial banks, rarely
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    • 2798 4 UNIT TRUSTS FUNDS C« US Amretsa/e Growth Ftad 0.77/ Fidekty Eia HY EUR 9-022/ (Stab*Growth 1931/7336 SKAV-*nG»BndFdA<U5q»_ 5Ml CapMPayoutSGO 1.004/ SngUTSporeEquity 038*1.93 PortfalioSO 0.982/1.034 FusxmSdect Asa Tit Balanced Fud 0.989*1.0416 SBSel<l)B(aLdrsM036GD) *****/ Fidelity En HY 8M0BIUSO 1081/ GlobelTechGrowdil" 3.461/3664 SKAV-KjT N America Fd A (USD) 145/ CapM Pwout USD 1
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    • 409 5  -  Automotive arm helps to make up for group's drop in turnover By Vince Chong LION Asiapac (LAP), an automobile manufacturer and electronics component distributor, returned to the black for the year ended June 30 with net earnings of $12.3 million, compared
      REUTERS  -  409 words
    • 403 5  -  Contributions from newly-acquired firms boost results By Krnneth Lim TAI Sin Electric Cables Manufacturer beat its own forecast earlier this year and said net profit for the 12 months ended June 30, 2004 tripled to $3.7 million from $1.1 million
      403 words
    • 307 5  -  Gain due to better gross margins from its marine business By Jean Chua MAINBOARD-LISTED Chuan Hup Holdings said net profit for the year ended June 30 rose 31.3 per cent to $64.03 million, thanks to better gross margins from its core marine
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    • 340 7  -  It informs SGX of $7.68m property loan by subsidiary due in a year By Taila Krishnakumar MAINBOARD-LISTED industrial equipment supplier Ace Dynamics yesterday explained that it has negative working capital because of an outstanding property loan by its subsidiary. Responding to a Singapore Exchange (SGX)
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    • 506 7 Elec Eltek Q4 profit up threefold PRINTED circuit board maker Elec Eltek International Co said fourth-quarter net profit surged threefold to US$l2.5 million, bringing full-year net earnings to US$4O.6 million from US$l4.2 million a year ago. A global economic recovery as well as the increasing outsourcing of manufacturing
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  • Page 4 Advertisements

  • Page 5 Advertisements
    • 133 5 E I v' M VgPinmmori I A «<w> 0>.10:1» i I "tBBm fkf i 1 -'*> V 1| sSH'EI Jr I y'lX^f^ lo JM P B;*1 ■g ■''•'fe S V~' H "SiXiiY I fiXi m WM mM M V tempore and the world you're in, i( Jm b* as connected
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  • SINGAPORE markets
    • 727 6  -  Compiled by VEN SREENIVASAN Juken Technology 23 do*e 3M eenb WE are initiating coverage with BUY and fair value of 46 cents. Juken's niche focus on high-precision miniature plastic parts translates into better margins and higher returns on equity than most of its peers. Our FOC (free operating
      727 words
    • 285 6  -  HOT STOCK WARRANT By Ven Sreenivasan OFFSHORE support vessel specialist Jaya Holdings last week announced that its net profit rose 41 per cent to $46.2 million for its full year ended June 30, 2004. This was despite a 22 per cent
      Source: Bloomberg  -  285 words
    • 570 6  -  BT comment STOCKS ven sreenivasan ASIAN markets enjoyed a mini-relief rally yesterday as oil prices pulled back slightly on the world market. However, the gains were somewhat muted amid the continuing violence in Iraq and the prevailing mismatch between supply and demand
      Source: Bloomberg  -  570 words
    • 632 6  -  BT comment CURRENCIES Pound is week's biggest loser on dovish rate expectations larry wee THE u£ "dollar earned itself a much-over-due respite yesterday, after Wall Street displayed considerable resilience despite yet another fresh record high of U5549.40 per barrel for Nymex crude
      Source: Reuters  -  632 words
    • 490 6  -  Compiled by KENNETH LIM llfil 111 II IMuum 111 1,1, II M Uf* winsteot unong raises scans n hu rvtetai FORMER Links Island Holdings chairman Winstedt Chong Thim Pheng continued to raise his stake in HG Metal Manufacturing last Friday with an open-market purchase of 505,000 shares.
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    • Article, Illustration
      407 6 OTHER SINGAPORE INDICES Aug 23 VALUE CLOSE WOMB -446.00 +197.00 BTCW -*****.00 +99.00 BTHMjyHA -*****.00 -45.00 Al-SG Equjbw 494.88 +2.28 Eltt 155.49 +0.47 SGEmttmFlw 1568.09 +6.83 SCKpflblPln 448.07 +6.40 SISa 229.48 +0.83 SMBCIMww 229.80 +1.00 BJL mtl US20c 24,929,000 K1 Ventures 10c *****,000 UniFtoer 10c....... 18,941,000 China Paper i)S4c 17,161,000
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  • Page 7 Advertisements
    • 80 7 H i <iliM.# 111 yW You never actually own a Patek Philippe. You merely look after it for the next generation. The world Time with the unique Patek Philippe 240HU automatic movement. Geneva Master Time, Tel: (65) 6732 1506. www.gmtsingapore.com ■i FROM 23 SEPT ESPLANADE THEATRE STRICTLY LIMITED SEASON ONLY!
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  • SMALLcaps
    • 880 8  -  Stock play rests with parent's divestment plans, says WONG WEI KONG WONG WEI KONG Is PCl's comeback from obscurity now complete? Once a market favourite, the electronic manufacturing services (EMS) provider has been largely forgotten since a major investment went sour some three
      Source: Bloomberg  -  880 words
    • 375 8  -  By Kenneth Lim THE week kicked off with more defensive blue chips continuing to outperform small market capitalisation stocks, but our small-cap portfolio managed to beat both indices as bargain hunters sought out previously beaten down counters. Continuing the trend of previous weeks, the blue chip-dominated
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  • Page 8 Advertisements
    • 1047 8 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF THE TRADE VELOCITY PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50, the Final Meeting
      1,047 words

  • Page 9 Advertisements
    • 252 9 /P^TRUST IS THE KEY I Global Variable Valve Quality, Durability Outstanding Timing-intelligent 8? Reliability Assessment* (WT-i) engine (Q. D. R.)'*assured" (GOA) body Higher power Thanks to all that incredible Quality, optimising valve timing, WT-i Durability and Reliability, people just delivers powerful torque through can't stop talking about Toyota. low to
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  • FOCUS property
    • 407 10  -  BT exclusive $23m deal comes with rental guarantee, deferred payment By Kalpana Rashiwala KEPPEL Land's and Henderson Global Investors' Asia No 1 Property Fund has bought a stack of 15 apartments at Trade and Industrial Development's (TID) Goodwood Gardens along Balmoral Crescent for
      ARTHUR LEE  -  407 words
    • 280 10  -  It lands contract to manage a brand new 65-villa resort By Vince Chong RAFFLES International has clinched its sixth management contract in the last 16 months with the job of looking after a 65-villa luxury resort in French Polynesia, over 80 per cent of
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    • 370 10 Bloomberg UK house-price inflation slowed for a second month in August, suggesting higher borrowing costs are deterring buyers, a survey by property website Hometrack showed. Annual price growth slipped to 5.2 per cent in August from 5.5 per cent the month before. In
      Bloomberg  -  370 words
  • Page 10 Advertisements
    • 259 10 LIGHT INDUSTRIAL BLDG FOR 17 LENG KEE RD Wywy House 5-storey light-industrial building with lifts i||| GFA: 42,669 sqft; fill I 1,1 J Land area: 16,386 sqft mil iiiaifl Ideal for corporate office/IT/Showroom UHi iMiid Near to Redhill MRT IjrJ 12 14 HOY FATT RD J §|y Jg 2-storey light
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    • 261 10 For Sale By Tender Industrial Property Purpose-built single storey with an annex 2 storey detached factory Built-in 110, 601 sq ft Land area 149, 000 sq ft Tenure 30 30 wef March 1981 Sale with vacant possession Closing date of tender: 16 September 2004 at 4pm For further information, pis
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    • 153 10 Land area: 16,926 sq ft TT VT Zoning: Residential, GPR18,36-storcy (max) \c\ r-\_ Potential GFA: 47,393 sq ft, appro* 40-45 W A new high-rise apartments Invitation for Expression of Interest \n«~». mrt v\ tw Submit By: 7 Sep 2004 newton rd moulmein rd United Tk.-... s. SSi MW— kVR N
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    • 111 10 FACTORIES IN 6UL VICINITY FOR SALE LEASE 3 blocks of purpose-built factory with mezz office Tenure Remaining 14 yrs Land Area Approx. 365,000 sq ft GFA Approx. 171,700 sq ft A 2-storey purpose-built office building with a large container yard Tenure Remaining 36 yrs Land Area Approx. 227,000 sq ft
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  • SINGAPORE news
    • 452 11  -  Include regulation of sector under the Bill, they urge By Chen Huifen TELECOMMUNICATION carriers are once again calling for the industry to be included under the Competition Bill, despite the Ministry of Trade and Industry's intention to have the sector exempted since coming up
      AFP  -  452 words
    • 213 11 NTUC infocomm and media cluster urged to continue wage reforms SEVEN trade unions in the NTUC Infocomm and Media Cluster came together yesterday for the first time to hold a National Day Observance Ceremony at the SPH News Centre. "More exciting times are ahead for the
      WONG KWAI CHOW/ST  -  213 words
    • 264 11 EVE ON THE ECONOMY THE consumer price index (CPI) rose 1.6 per cent in July year-on-year, according to the Department of Statistics yesterday. The figures show an increase for most items, except for clothing and housing. The prices of health items, education and stationery
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    • 253 11 A BIG jump in turnover for wholesalers of electronic components and petroleum petroleum products helped the overall domestic wholesale trade index surge 19.4 per cent in the second quarter, its second consecutive quarter of advance. According to latest figures from the Department
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  • Page 11 Advertisements
    • 224 11 a w 9 Licensing2oo4 The 6th International Event tor Businee* Opportunities m«ectual Property Right* 15-17 September 2004 Suntec Singapore The One-Stop Event To Franchising Licensing Opportunities Co-organised Or To contact Gtooai Franchising ess 6 HUM V pte Email: evems@sesallwortd com Supported Of Official Regional Official Regional Newspaper: Business Magazine; PPHMM
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    • 15 11 >■. E»ju ÜBBMBr w|Sw' ft :<l^Pnp > l» l^Jfi^JMfc"*Dn«L H& r v^ yyfe" •i 1 i,S/jS T^HB^B|||BBBBSSS^BMKEyV
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  • EDITORIAL&opinion
    • 781 12  -  THE bottom line OPINION william pesek jr Bloomberg WAL-MART Stores Inc isn't just working to woo Japanese shoppers; ifs doing a little shopping of its own in the No 2 economy. The world's largest retailer wants to bid for Daiei Inc, a
      Bloomberg  -  781 words
    • 75 12 'We want to do everything for globalisation, but not for investment in health.' -Sunil Mehra a doctor and health policy expert in India, on the state of India's health services. 'I may not have saved France but at least I saved some of its best vintages.' Clande
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    • 606 12 EDITORIAL HE whipped out a mobile phone as he spoke about youngsters' penchants, noting that the world SMS champion is a young Singaporean, as are the winners of a recent international robotics soccer event: two local primary school kids. And that's just two instances of Singaporeans
      606 words
    • 1012 12  -  In credit cards, retaining and deepening an existing customer relationship can be 5-10 times more profitable than acquiring a new one, research shows By Edmnnd Lin, Jim Hildebrandt THE opening salvos of a looming credit card war have been fired in China,
      REUTERS  -  1,012 words
    • 417 12 COMMENTARY The pullont of US troops from around the world need not alarm its allies Editorial in the Bangkok Post THE American decision to realign its significant troop deployment around the world is, if anything, overdue. The major US bases and commitments abroad date from the
      Editorial in the Bangkok Post  -  417 words
  • Page 12 Miscellaneous
    • 303 12 CRYPTIC CROSSWORD 7 Letters offer answeTto destres misconduct (7) j 13 Temples are quiet when embrac14 Lots are protecting equipment fIHHH from warships (8) 17 Material wealth, pure and simple 20 Lawyers welcome direction from jnJ emment department (4) tears (7) |III|IIIIIIK 2 pj 00 85 fine? Express douW 4
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  • REGION news
    • MOTEBook
      • 77 13 Bloomberg [JAKARTA] The Indonesian government plans to sell a stake in PT Bank Negara Indonesia in October and use the proceeds to help fund a Budget deficit this year, said Sigit Pramono, the bank's president. The government said earlier it plans to sell
        Bloomberg  -  77 words
      • 58 13 Reuters [OSLO] Norwegian artist Edvard Munch's masterpieces, The Scream (above) and Madonna, were among a number of paintings stolen by armed robbers on Sunday morning just as the Munch Museum was about to be opened to the public. Three armed men threatened staff and made off
        Reuters  -  58 words
      • 55 13 Reuters [MUMBAI/LONDON] Standard Poor's yesterday lifted the outlook on India's "BB" long-term foreign currency rating to positive from stable on improving external liquidity, which analysts saw as a vote of confidence for the economy. The ratings agency also revised India's "88-plus" long-term local currency rating
        Reuters  -  55 words
      • 57 13 Bloomberg [KUALA LUMPUR] Malaysia will sell a larger-than-expected RM3.75 billion (Ssl.7 billion) of notes on Friday, its seventh auction of the year to help plug its Budget deficit. The three-year notes will be sold in a reopening of the securities sold in June, said
        Bloomberg  -  57 words
      • 103 13 AFP [BEIJING] Actual economic growth in China for the six months to June was revised up to 9.69 fi&|S3sL«< 6 from 9.66 per cent, leaving the headline per cent unchanged, the Statistics Bureau said X,. yesterday. "The actual GDP growth rate will be 9.60
        AFP  -  103 words
      • 39 13 AFP [HONG KONG] Hong Kong yesterday said July consumer prices rose 0.9 per cent year-on-year, the first annualised rise in 68 months, driven by an uptick in the cost of vegetables and jewellery.—AFP
        AFP  -  39 words
    • 477 13  -  PSA to be invited to take a stake in 2-berth expansion of PTP: report From Eddie Toh in Kuala Lumpur SINGAPORE investment company Temasek Holdings will let subsidiary PSA Corporation decide whether it would take a stake in the
      477 words
    • 198 13 SHANGHAI Average annual salary of 25,500 yuan puts it ahead of Beijing and Shanghai AFP CHINA'S southern boom city Shenzhen has laid claim to the country's highest average annual salary for industry and business, ahead of capital Beijing and economic hub Shanghai, state press
      AFP  -  198 words
  • Page 13 Advertisements
    • 594 13 Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ABERDEEN GOH PRIVATE EQUITY PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed
      594 words
    • 236 13 Good Times Fly Save up to sjh on ANA Economy Class when you fly ANMsia maul* Mm vppPP »»>'• 111 r 1 v Inclusive of One Asia Stopover I EcorKxriy Class .<? Enjoy a tale of two cities with ANA's Asia Triangle Route-'Yorimichi'. A What's more, SUr Alliance members will
      236 words

  • REGIONAL news
    • 478 14 HONG KONG It's set to sell half of core unit to China Netcom for up to HK$30b: paper Reuters Bloomberg SHARES of PCCW jumped yesterday on a media report saying the company would sell about half of its core fixed-line phone
      Reuters; Bloomberg  -  478 words
    • 401 14 FRANKFURT Likely acquisition will boost China firm's growth plans in the West: report Reuters SHANGHAI Automotive Industry Corp (SAIC), China's largest carmaker, plans to buy privately held British automaker MG Rover in a bold push to grab a Western beachhead, the Automotive News
      Reuters  -  401 words
  • Article, Illustration
    1076 14 Transaction date:Aug 23 dCTERBAlfE CROSS RATES AS C$ ftnb Euro HK$ Ind Rs Buplah Ym Won BM HZ$ Pafc Rs Peso S$ Rind Sfr NTS Batit Pound US$ Australia 0.940 5.976 0.587 5.631 33.387 66.893 0.790 8.325 2.744 1.077 42.410 40.313 1233 4.790 0.905 24.598 29.927 0.397 0.722 Canada
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  • 1574 14 gjOOjg FUTUHES Auq23 RUB8ER Futures (Closing prices) RSS1 (S cwts/kq) Close Volume Open Month m u» Sett (tonnes) Interest Sep 04 ***** Oct 04 214.00 Nov 04 214.00 Dec 04 214.00 J**br05 214.00 A*r/JMOS 2*50 RSS3(uscMts/*) Votame open Month Htyi Low Sett (towm) Interest S«p04 123.00 950 Oct 04
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  • WORLD news
    • 476 15 LONDON Additional claims may reduce its value, easing purchase by state firm: analysts Reuters RUSSIAN authorities are considering launching a tax demand of up to US$3 billion against a Yukos subsidiary, in a fresh escalation of pressure on the embattled oil group, the
      Reuters; REUTERS  -  476 words
    • 247 15 AFP [GENEVA] Consumers in China and India will easily outstrip the United States as the world's largest consumer markets within 25 years, the Swiss banking group ÜBS forecast in a study released yesterday. Their combined purchasing power will be five times that of
      AFP  -  247 words
    • 4507 16 Transaction date: Aug 23 HONGKONG Vol HK Exchanges Clearing15.75 -0 05 2924 ■putVA H« +1- 000 HKR Int'l 2.63 0.10 2714 Avtsion Inc 19.70 -0.10 2 Looksmart .0.11 unch 346 Marubeni Corporation 244 0 6259 Bangkok Land 0.59 0.01 ***** Maskapai Reasuransi .275.00 unch 5 Hong Kong Electric
      4,507 words
    • 2317 16 Transaction date:Aua 23 I KUALA LUMPUR Fountain View Dev .0.05 unch 0 Magnum 4D Bhd 3.60 -0.04 42 Rashid Hussain .0.65 -0.01 87 Vo Fraser Neave 4.16 -0.02 8 Magnum Corp .2.34 0.10 1358 RB tang Hktgi 1.02 unch 11 RM *1- (*000) FSBM 1.10 -0.03 7 Man Sing
      2,317 words
    • 839 16 Transaction date:Aug 23 Matfc I—« W Oaaa Q—H llrii—» W Q— Out* ADyctriSOc 0J0 1.020 +0L010 NOL 2.1} 2450 -0.010 MLIndUOOc 0.49 1.000 +0.045 OCBC 10.63 13.300 CapitaUnd 1.06 I S10 +0.020 Partway H 25c 0.63 1.290 +0.030 Chart SwnKond2Cc 090 1.130 +0.030 Paoptel Food HK50c 044 1.000 Oty
      839 words
    • 939 16 BONDS WARRANTS Prwn Expiry Tel Last Vol Coav Eur Disc 6Mr- Mths Cade Sale *or- (Hi) B«Mo Prke lug Left ABNf*****3S AMnl .**********55 3779 ASL Marine Hldgs W*****1 14 1 53 34 3.57 44 3697 Acma Ltd W041T16 .0.5 1 50 818 11.00 3 3602 Amtek WO ***** 75 -3
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    • 188 17 Her close relationship with Google's founders influenced decision: report Reuters [NEW YORK] Mary Meeker, noted Morgan Stanley stock analyst, played a crucial role behind the scenes in helping Morgan win the role as underwriter in last week's US$l.7 billion Google Inc initial public
      Reuters  -  188 words
    • 243 17 NEW YORK Avalanche may trigger as various lock-ups on stocks expire: report Reuters MORE than 10 times the amount of Google Inc's 25 million share initial public offering could hit the public market over the next six months as various lock-ups on
      Reuters  -  243 words
    • 6214 17 Transaction date: Aug 23 52-Wk Tal Last Vol Day Lot Quota GrOiv Mv GrVM Nat MCap 52-Wfc Tal tart Vat Day Last Quota Grttv Ot* GrVM Nat MCap Wtqh law Coda Company Sato *1- coop) Wah low layar SaBer Cvr W W Wall Um Co4» Cowpaay Sata w-
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    • 147 17 TOKYO Bloomberg SONY Corp, the world's second-biggest consumer electronics maker, is still interested in buying Metro-Goldwyn-Mayer Inc after a report said Time Warner Inc was also nearing the final stages of a rival bid. At stake are about 4,000 MGM movie titles, including
      Bloomberg  -  147 words
    • 199 17 FRANKFURT AFP A court in California has admitted a lawsuit against US billionaire Kirk Kerkorian, alleging he was involved in insider dealing while he was a shareholder of Ger-man-US car giant DaimlerChrysler, the Financial Times Deutschland reported yesterday. The newspaper said that Mr Kerkorian sold
      AFP; BLOOMBERG  -  199 words
    • 66 17 S2-Wk T«i Last Vol Day LattQuoU GrW» Dtv GrYM Net MCap W# Low <M» Company itk W- OOP) w* Low *nm Salar CV M hi 2060 2000 6065 Diamonds US2060xd 2120 6095 ISDJUSTeth US3740 6097 ISMSCISport US55S 6101 ISSAP500 US8270 ********** 6170 SPDHS__ US***** 1955 1601 6235 STIETMOO
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    • 1896 17 52-Mi Tel Lact Vol Day LastQwrte GrOtv Dtv GfYW MM MCap H># low Code Cmrmy Sat* W- (*000) HW I—' *fr SaMar C\n HE Sum 26 125 MOO ABUHIdgsSc 1 13.5 uncfi 33 13.5 13.5 13.5 14 26 725 23 1502 AST110c 45 *1 713 45.5 44 45
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    • 342 17 SM* Ta L»t Vol Cxy lartQiiota GrOJ* «v GrVM Net MCap ii»u»c»* agg w- rwBi m* LOW ig s r c>r S 228 ISO 6000 AVJennings A2Sc A180 unch 4 180 180 179 180 44 10.6 6.1 5.7 387.4 6001 Cathay Pac 20c HK720 265 2.1 7.4 6
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  • Page 15 Advertisements
    • 423 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HATHAWAY CAPITAL PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETINfi NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company will be
      423 words
    • 135 15 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE COMPANIES WINDING UP NO. 352 OF 1987 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF ASSOCIATED ASIAN SECURITIES (PTE) LTD (In Liquidation) NOTICE TO UNSECURED CREDITORS OF INTENTION TO DECLARE FIRST AND FINAL DIVIDEND Name
      135 words
    • 426 15 A Total Security Solution proudly brought to you by: SHARP SHARP DATA SECURITY KIT h FEAR FACTOR Your company's data is confidential. But when you print, fax, copy or scan, you store sensitive information in your digital multifunctional copier which can lead to data leakage. We don't often think about
      426 words



  • BEYOND SINGAPORE
    • 873 18  -  IE Singapore helps local apparel manufacturers break into overseas markets while maintaining the Republic as the regional fashion hub, as Jean Chua finds out Jean Chua STEP into any shopping mall in Singapore and you will notice that some of the most crowded stores are those
      CHRIS LOH  -  873 words
    • 914 18  -  By Jean Chua PICKING the right foreign partner is almost always a crucial factor in the secret to success abroad. Clothing maker Pacific Garment Manufacturing is one that subscribes to that idea. "Frankly, I wouldn't go overseas if I didn't have a local
      CHRIS LOH  -  914 words
  • Page 18 Advertisements
    • 91 18 I 2004 Year of Intomationalisation International Enterprise Singapore (IE Singapore) has designated 2004 as the "Year of Internationafisation* to mark the start of a decade of internationaKsation, characterised by three strategic thrusts: catalyse private sector-led »r»tef nationalisation, maximise connectivity with growth markets and promote the export of services by leveraging
      91 words

  • SHIPPING TIMES
    • 323 19 Bloomberg PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to Asia were unchanged at a three-month low as the pace of bookings slowed for September. "There hasn't been much requirement for the second half of the month and there are ample vessels available to
      Bloomberg  -  323 words
    • 279 19 SGX '000 Aug 23 S$ *4- Vol CHOffshore 036 -Ml 281 Oman Hup. -.0.54 0.01 1081 Cotco Investment .0.80 0.02 3198 CWT Distribution J0M -O01 3 EzraHtdgs 035 a<B 14 Fright Links 0.10 0.01 13S Grand Banks Yacht 0.80 unch 0 Jaya Holdings..... 0.91 0.01 2599 K1 Venture
      279 words
    • 758 19  -  Coordinated patrols of Malacca, S'pore straits alone will not help make them safe, seminar told By Donald Urqnhart [SINGAPORE] The recent trilateral agreement on coordinated naval patrols will have some impact on the persistent problem of piracy in the Malacca and Singapore straits, but
      REUTERS  -  758 words
    • 61 19 [SHANGHAI] Chinese workers watch as a 57,300 ton ship slid into water at the Shanghai Shipyard in Shanghai, China. The ceremony marks the last large ship built at the shipyard before the company is moved to an island near the mouth of the Yangtze River,
      AP  -  61 words
    • 69 19 Bloomberg [BANGKOK] Precious Shipping, Thailand's second-big-gest sea-freight company by market value, said its net income may double this year in line with analysts' expectations because of higher rates for transporting cargo. The company is likely to earn 4 billion baht ($97 million) in net income
      Bloomberg  -  69 words
    • 326 19 Shift in business helps it post net profit of A$20.1m Reuters [SYDNEY] Australian shipbuilder Austal Ltd returned to profit yesterday, after shifting its business away from luxury yachts and concentrating on patrol boats and commercial ferries. Defence projects make up 70 per cent of
      Reuters  -  326 words
    • 187 19 AFP [HANOI] Vietnam's finance ministry will support national shipping company Gemadept as the first domestic firm to list on a foreign stock market in Singapore, a ministry official said yesterday. "The ministry has been looking for one or two eligible Vietnamese companies
      AFP  -  187 words
    • TRUCKERS' strike
      • 900 20 Three-day strike may widen as tankers may join in if government does not withdraw new tax proposal Bloomberg [NEW DELHI] INDIA'S three million truckers stayed off the roads for a third day to protest against a new tax, as industry said the strike
        Bloomberg; AFP  -  900 words
    • 109 20 PAGE Hangli 4 Rickmers 5 Austral AL 5 Heung-A 3 SCI 4 Bank Line 4 IR,SL 5 Seaward 4 BSA 4 Jesselton 5 Senlim 3 B'tang Mas 3 Kyowa 5 Senator 4 CMACGM mm. 3 KMTC .3 Sinokor 5 COSCO 3 Lily Marine 2 Tasman 0rjent 3
      109 words
    • 6940 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oesfn Name Numw SIN Dtst'n Name Name Number Number
      6,940 words
    • SHIPS IN PORT
      • 562 25 V—I Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BATAM MURNI JB4802 J8 A/SIDE 24/08 0015 BAYSWATER338 E4204 J3 A/SIDE 24/08 0300 OTRA AGUNG JB4804 J24 A/SIDE 24/08 0600 HADUCO 01 1/04 J13 A/SIDE 24/08 0600 MU EXPRESS 3ISA J15 A/SIDE 24/08 1000 NWCMPL59 SEM11 J25 A/SIDE 24/08
        562 words
      • 1705 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Vessel Out In Bth Berthing Un- Berth Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Mmbr Name Voy Voy seq berthing Nmbr Name Voy Voy seq berthing Nmbr ACX MARGUERI 034N 034N
        1,705 words
      • 141 25 Aug 30 UK: Summer Bank Hoi. Aug 31 Malaysia: Nat Day. Philippines: Nat Heroes Day. Sep 8 Canada: Labour Day. Sep 12 Brunei: Ascen of the Prophet. Indonesia: Ascen of the Prophet Sep 27 SKorea: Harvest Day. Sep 28 SKorea: Harvest Day. Sep 20 HK: Mid-Autumn Festl. SKorea:
        141 words
      • 793 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
        793 words
      • 590 25 Carbon 180 Max 987.3 0.3 13.5 0.05 46 0.04 Aug 19 Density Niter Residue AshAlumioium Sediment No above E25 0 0 0 0 0 0 380 Ave 983.4 OJ 13.6 0.04 23 0.02 Eiim 380 Max 990.9 17 17.2 0.07 56 0.05 K6/W3 HV/V m/m Wu
        590 words
    • AIR & LAND transport
      • 322 26 Measures for 146 smaller airports include creation of police rapid response teams AFP [SYDNEY] The Australian government announced yesterday a major security upgrade for nearly 150 small airports including the creation of police rapid response teams to deal with possible terrorist attacks.
        AFP  -  322 words
      • 528 26 Dispute is over government subsidies to Airbus and Boeing Bloomberg [TOULOUSE] The European Union's trade commissioner has vowed to head off a trade war between Europe and the US over government subsidies to Airbus and Boeing. The US says loans from the
        Bloomberg; AP PHOTOS  -  528 words
      • 339 26 AFP [SYDNEY] Australia's competition watchdog yesterday recommended that national carrier Qantas should be permitted to maintain a nearly decadeold alliance with British Airways for another five years. Admitting the decision was "finely balanced", the Australian Competition and Consumer Commission (ACCC) said benefits
        AFP  -  339 words
      • 161 26 Reuters [SHANGHAI] China Southern Airlines, the country's largest carrier, is expecting to become the first Chinese airline to join a global alliance, beating domestic rivals to the punch in expanding its worldwide network. China Southern will sign a memorandum of understanding on Saturday to enter
        Reuters  -  161 words
      • LOGBook
        • 67 26 Reuters [PARIS] SriLankan Airlines, majority owned by the Sri Lankan government, said it planned to acquire five additional aircraft by the end of the year, including three Airbus jets. In a statement released in Paris, the airline said it would buy one Airbus A
          Reuters  -  67 words
        • 113 26 AP [MALIBU, California] Two small airplanes collided Sunday while flying off the California coast, killing at least three people. The planes, each carrying a pilot and a single passenger, collided off El Matador State Beach. Authorities were unsure if there was a fourth fatality. "It
          AP  -  113 words
        • 70 26 AFP [SHANGHAI] More than 200 flights were cancelled or delayed in the Chinese city of Shanghai as heavy thunderstorms left thousands of passengers stranded, state press reported yesterday. Passengers were stuck for hours as air traffic controllers struggled through the backlog of flights after heavy storms
          AFP  -  70 words
        • 128 26 AFP [LYON, France] An Icelandic airliner flying from Spain to Ireland was forced to land in southern France on Sunday because of a bomb scare, police and airport officials said. The Islandsflug Boeing 737-400 jet with 146 passengers on board was evacuated after landing at
          AFP  -  128 words
      • 1938 26 CtTY FLIGHT ETA FLIGHT FTO BA15 1750 BAM 2315 0A8M9 0400 ***** 0020 jufSR Frankfurt AC9951 0630 UW765MoT *****0 1750 *7623 2315 BA7371 0405 BA7372 0915 AMi m LH9762 0630 $0326 1405 0F320 1750 0T319 2315 0F31 0405 0F32 0915 1M9770 2X0 S025 0630 BA7305 22S5
        1,938 words
      • 358 26 Reuters [SYDNEY] Discount Australian airline Virgin Blue said yesterday it would increase fares again to help offset higher fuel costs, and would axe one of its routes because of low passenger numbers. Virgin Blue's operating statistics released yesterday showed passenger traffic rose
        Reuters; AFP  -  358 words
  • Page 19 Advertisements
    • 16 19 ■I 2®^ I V I; -> A t^ a truckers' m m time for Mrtdaigf: l| PAOE2
      16 words
    • 56 19 One-Stop Shipping Services ■HBj international Ship Registries Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security ServiCGS Belize and many more Surveys and Consultants Accounting Authority RSO6 j International Ship Registries Pte Ltd 1/ 10 Anson Road #25-15, International Plaza, Singapore *****3 |f Tel: (65) 6226 3626
      56 words

  • Page 20 Advertisements
    • 666 20 NORTH AMERICA [I AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SBX) ihmtbh »»«»eww mw yessei vor ioe ns r*o p- ——i 000 HAMOURG M M/ 00 25/00 OMIT PtO NEDUOYD HOUTMAN 24W32 14 0. 01/09 OMIT >•/<• rmiwmuTPWi I————— API MEXICO 26* 21/01 30/ M 01/00 03/00 07/00 It/Of 14/00 [ABIA
      666 words
    • 529 20 XSW&v Lines servrces represented by Members of the Regislry of |Iqß| Accredited Shipping Agents, Singapore Shipping Association Members of the "•SEa- Singapore Logistics Association B ULY UNI MALE /vrcssu vor eta eta eta A P. KLAWG STOKE MALE Princess Uly 0604 30/08 02/09 11/09 Kota Tegap TGAO7S 11/09 21/09 TBN
      529 words

  • Page 21 Advertisements
    • 965 21 MOL Combines. C a range of snipoina mooes to ensure timely, ratable services covering major ports in Norm America, Europe, Japan, Asia, Africa A Oceania. Also eccspt btre-Asia CvpN te» BUSAN KWANGYANG SHANGHAI YANIMN XMMBI QMGMO lEUWAN J JAKARTA SURABAYA KAOHSRJNG BANGKOK LABI OjAjAjjG mKMIMNH PASW GtlftANG HWANG POWT KHANG
      965 words
    • 914 21 GENERAL AGENTS IN SINGAPORE: 16 RAFFLES QUAY #36-01 SALES' BKGS TEL *****857/43 FAX: *****321/24 COSTAR SHIPPING PTE LTD h DNG LEONG BUILDING OUTWARD (B/L) 6420 5802 6238 5325/75 REG NO *****1787G T^HIPD^ 0 64XS82S MM SIMM* JOHOR'S OFFICE: CRNO **********0 M JJJSS COSTAR AGENCIES (M) SDN BHD TEL 07-353 8166
      914 words
    • 673 21 vBSEi voT^TlnrpKG GOLDEN TRADE 4QAH 27/8 21/8 3fl/g NEW DYNAMIC MA IV\ 1 4FT~ iHßnoro I OWN I 31/8 I 1/9 I a/9 I PERTH BRIDGE 002 A 9/9 11/9 fGOLDENGATE II3QN I 7/9 I |/9 1 10/9 I -I NEW DYNAMIC 069 A 16/9 18/9 *VSI aing bati Noriti
      673 words

  • Page 22 Advertisements
    • 942 22 VUUI WALLENIUS WILHELMSEN website: http://www.2wglobal.tom IK MAO HOW MIA SAV 6AL OIF NYC WW MO6 TAMPA AMI 7 4201 MS I 6.4 M I 31/08 25/09 04/10 11/10 11/10 14/10 14/10 11/10 01/10 TARAGO AF4IB 3201 MS 4.4 M I 21/09 12/10 21/10 21/10 29/10 02/11 01/11 04/11 25/10 TEXAS
      942 words
    • 821 22 WX WAN HAI LINES Y Tel: *****588 Fax: *****163 I y INTRODUCING r t-*j* j I NEW WEEKLY EXPRESS SERVICE TO: ROTTERDAM HAMBURG ANTWERP i I 5 t f »V I CALLING SIN EVERY Saturday j v <t For mors details, call HOTLINE: 6226 *588 1800-*****00 i Fb I I
      821 words
    • 713 22 MYANMA PQ FIVE STAR LINE (Mymmar National Liat) Loading for YoNfON vßsa vor sin pki kn pgu PAGAN 332W SID HfA-AN J2OW SID SU> IN MALAYSIA: 80USTEAD SHIPPING AGCMCIES KUL 03-*****300 PKL 03-*****101 PIN: 04-*****02 ACCEPTINfI CONVENTIONAL CBO HUG SM IG SW PGU PU KUC MAR UK STAR SI SID
      713 words

  • Page 23 Advertisements
    • 511 23 VISSEL VOY SIN PKL KARACHI PXB BAB DMM BIK KHORRAMSHAHR IRAN SHAHRYAR PCI 8042 28/08 29/08 05/09 08/09 09/09 16/09 19/09 22/09 IRAN SATTARI PCL 8043 02/09 03/09 10/09 13/09 14/09 21/09 24/09 27/09 IRAN KORDESTAN PCL 8044 11/09 12/09 19/09 22/09 23/09 30/09 03/10 06/10 IRAN SHAHRYAR Pa 8045
      511 words
    • 282 23 A mssm t UK CONTINENT SERVICE Loading tor ARIELLA RDM/ATW/BMN/UK/NAN Loads Singapore, EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/ADN/JDH/AQA PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for SAMOS DREAM CAM/NOL/NFK/SAV HANDY ROSELAND CAM/NOL/NFK/SAV •Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore
      282 words
    • 91 23 PACC Container Line Pte Ltd PASIR GUDANG (DAILY) JAKARTA (FIXED DAY) EESB£I5S]£SBSji PEKANBARU PONTIANAK y h rv!'-B*n!BB-r**-f-S BANJARMASIN SAMPIT SURABAYA AND SEMARANG (FIXED DAY) F1 i m STf^ffSSmSjSl^SBli^SMB 1 I" MW1MBK ■■'fi ■■Tig 1 I MB IIMBIH CALCUTTA WEEKLY SERVICE r^^S^SBr^dBBBS^SBBS^n^BS^^^BSTMS CONVENTIONAL LINER TO MOREHEAD CITY/NEW ORLEANS OTHER PORT CALLS
      91 words


  • Page 25 Miscellaneous
    • 120 25 -JB SIBB* 1 H > g^5L Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols "v 7 Showers F u circle w/o line indicates calm or light and variable winds Rain I —One half fleche represents 5 knots Cloudy Day One full fleche represents 10 knots tx Hazy *One
      120 words