The Business Times, 5 August 2003

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Total Pages: 26
1 26 The Business Times
  • 17 1 THE BUSINESS TIMES MfTA (P) 024/03/2003 I Irit? net: '♦p.//business-times.asial .com.sg SINGAPORE TUESDAY, AUGUST 5 2003 85C
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  • 1192 1  -  Customers stand to gain from cheaper services as rivals step np battle By* Angela Tan [SINGAPORE] When elephants fight, only the grass gets trampled. But in their battle for hand-phone customers, Singapore's three telcos Singapore Telecommunications, Star Hub and Mobile One could also
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  • 670 1 This mar ks shift in policy from that of his predecessor Reuters [HONG KONG] Hong Kong's new Financial Secretary Henry Tang said yesterday he will review the government's target for eradicating its large budget deficit, meeting public calls for help in
    Reuters; REUTERS  -  670 words
  • 542 1  -  By\ Genevieve Cua [SINGAPORE] Over 96 per cent of all unit trusts and in-surance-linked funds delivered a positive return in the second quarter, thanks to a sharp rebound in equity markets. But over the next 12 months, the upside
    Source: S&P Fund Services  -  542 words
  • 75 1 Sfi 1,537.28 (-19.80) ST INDEX FUTURES 1,546.00 (-8.00) SIMSCI FUTURES 189.60 (-0.40) Monday Change KUBOMT ***** 411 NIKKEI 225 9.452.79 -158.88 HANG SENG 10.183.14 «4« SET INDEX 494 .84 *3;HI JAKARTA COMP JM194 4 76 MANILA OOMP 1.***** 37.11 TAIPEI WPI 5,177.19 1332 SEOUL OOMP 718.54 -8.72 SHENZHEN B
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  • 83 1 FORE X RATES US* St ISS {SSprr Hi*) 1759 V|l SS.SS |»r1ii I 14 JKW E» Rc»|i 1 Mi r#a YKN HUM KM SH«i 1ISI HKS 7 799 4 l«K HAUT 419* JtxS KU1\H Mj*t 4.KM KIOVINH! Mm 4 7 IS INDIAN III PKK_ 4«|i 36 \5 1302 OKJI
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  • NEXT page
    • 567 2  -  BG Yeo to lead business delegation to Sumatra this month By i Chuang Peck Ming [SINGAPORE] First it was Batam, then Bintan. Now Indonesia wants Singapore to play a major role in the development of Sumatra, the country's second-big-gest island. "It's still early,
      AP  -  567 words
  • Page 2 Advertisements
    • 105 2 Since 19"5 .v," r r.v.iae y.a" cve r >4r j /T, y f p'ovoed consent :vci cost ►-♦Vct've company 'o r, *nat'on i ri s'l tne rna:or iov. tax roas 'ncrjom'-j ESS9E3SSSSESS3 Th© WOrld S Incorporation Fees from USSSOO Full professional after sales service leading orovided For a complimentary consultation,
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  • SINGAPORE companies
    • 352 3  -  HLA to get $13.7 m share in out-of-court settlement By Daniel Buenas SINGAPORE-LISTED Hong Leong Asia (HLA) said yesterday a legal battle involving a Chinese subsidiary has been settled out of court. The settlement relates to $52 million of unpaid dividends, of which
      352 words
    • COMPANY Briefs
      • 52 3 ST ASSEMBLY Test Services Ltd (Stats) yesterday appointed Dov Oshri as its new chief financial officer. The position was formerly held by Tan Lay Koon, who was promoted to chief executive in June 2002. Mr Oshri had previously been vice-president of finance and operations for
        52 words
      • 55 3 SLA Engineering will form a venture to provide maintenance services at Indonesian airports. Indonesian ground handling services provider PT Jasa Angkasa Semesta will control 51 per cent with SIA Engineering controlling the rest. The venture will initially operate at 10 major airports in Indonesia, including
        55 words
      • 98 3 LINKS Island Holdings Ltd (Links) yesterday handed 39.9 million shares of Sembawang Kimtrans to its shareholders. The shares amounted to 13 per cent of Sembawang Kimtrans' issued capital. Under the capital-reduction and distribution exercise, Links shareholders received $35 in cash and 180 Sembawang Kimtrans
        98 words
      • 94 3 OMNI Mold which specialises in the design and production of high tonnage, high precision plastics injection moulds—announced a 65.5 per cent drop in net profits to $683,000 from $1.99 million for its half-year ended June 30. Turnover increased 14.5 per cent to $15.3 million. Earnings
        94 words
      • 38 3 SESDAQ-LISTED Swing Media Technology Group said yesterday it was placing out 35 million new shares at 25 cents apiece to raise about $8.35 million net for expansion, loan repayments and working capital.
        38 words
      • 99 3 THE Government of Singapore Investment Corp (GIC) yesterday sold 20 million shares in Cast-food group KFC Holdings (Malaysia) to two senior KFC Holding executives in off-market trades worth RM74 million (Ss34 million), according to a report by Bloomberg. KFC group executive chairman Izhar Sulaiman and
        99 words
      • 53 3 EAGLE Brand Holdings has appointed Zhong Yingzhou managing director and chief executive officer. Mr Zhong will replace Johnny Lee, who has resigned as director and CEO. Mr Zhong was previously general manager of the Export Division of Guangdong Xin Zhong Yuan Ceramics Co, China's
        53 words
    • 409 3  -  Restructuring plan should put it back on the right track By Kenneth Lim FLEXTECH Holdings* just completed year-long restructuring has reinforced a fundamental business principle that its new boss believes in. "We've learned a hard lesson. Our resources are finite. We have to
      ARTHUR LEE  -  409 words
    • 442 3  -  By Kalpana Rashiwala IN the tirst-ever jomt project development between City Developments and Capita Land, the latter will take a half-stake in the Parkview Condo site in West Coast Park that CityDev bagged last month through a collective sale. The two
      442 words
    • 439 4  -  But insurer has lost ground in the annnal pramining business, says CEO Byy Wong Wei Kong INSURANCE group Great Eastern Holdings (GEH) yesterday reported strong growth in second-quarter earnings, but said it faced challenges in driving premium sales and retaining market share in Singapore. Net
      ARTHUR LEE  -  439 words
    • 364 4  -  Component maker rides on strong hard disk drive market By Kenneth Lim THE strong hard disk drive (HDD) market expected for this year proved to be true for Jurong Technologies, at least for the first half year. The mainboard-listed electronics components
      364 words
    • 774 4  -  lock siew ven sreenivasan OK, so Keppel's second quarter results were disappointing. The conglomerate reported a 2.5 per cent slide in earnings to $97.8 million for the three months to end-June. However, its first half earnings were up 5.7 per cent to $192.7 million. The
      774 words
    • 235 4  -  By] Daniel Buenas THE Sars outbreak proved to be a shot in the arm for Medtecs International Corporation in its first half year. The Sesdaq-listed company whose principal activity is the manufacture of medical consumables yesterday posted a 95 per cent increase
      235 words
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  • Page 4 Advertisements
    • 805 4 I FORTUNE JfS/r ■»««»RR£|T IFortune Real Estate Investment TVust (a unit trust constituted on 4 July 2003 under the laws of the Republic of Singapore) OFFER FOR SUBSCRIPTION (THE "OFFERING") BY ARA ASSET MANAGEMENT (SINGAPORE) LIMITED (TOE "MANAGER") IN RESPECT OF 143/*****8 UNITS WF IN FORTUNE REAL ESTATE INVESTMENT TRUST
      805 words
    • 386 4 EXCEL PARTNERS PTE LTD (Incorporated in the Republic of Singapore) i NOTICE PURSUANT TO SECTION 76(10)(h) OF THE co-pan.es »ct, chapter,. NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act. Chapter 50 (the "Act") that at an extraordinary general meeting (the -Nat Steel EGM") of NatStee! Ltd
      386 words
    • 272 4 NATSTEEL LTD (Incorporated in the Republic of Singapore) NOTICE PURSUANT TO SECTION 76(1 OKh) OF THE COMPANIES ACT, CHAPTER 50 NOTICE IS HEREBY GIVEN pursuant to Section 76<10)(h) of the Companies Act, Chapter 50 (the "Art") that at an extraordinary general meeting (the "Nat Steel EGM") of Nat Steel Ltd
      272 words

  • Page 5 Advertisements
    • 202 5 Eurorscc Partnership I IKS I IS People Soft. Russell Reynolds Associates #wss- I I <$W ACifM THOMSON I SftEE <WoUTI THOMSON A I Satymm microsystems I What Business Demands. W« make th« n«t work. 9 I ty<yng#atulate I iib UNIVERSITAS 21 GLOBAL (ffl'ov I International Headquarters Award I and Inauguration
      202 words

  • SINGAPORE markets
    • Article, Illustration
      318 6 OTHER SINGAPORE INDICES Ai« 4 VALUE CLOSE ITOM» -285.00 +31.00 IT CADI -*****.00 -156.00 IT 10-day IM -*****.00 -28.00 <MHCE»aw 418.05 -4.39 9ar**huO*i 153.50 +0.27 SSEjdUwfh 1289.45 -32.91 SQUdbwhtp 390.97 -1.87 189.88 -2.27 smsar*mm 189.60 -0.40 tfclw Vol— Sunningdale 15c 94,827,000 IPC0 20C 53.947,000 Full Apex HK20C 34,414,000 Brilliant 8c
      318 words
    • 265 6  -  HOT STOCB/ WARRANT By' Ven Sreenivasan DESPITE Accord Customer Care Solutions (ACCS) having posted strong results, its stock has slipped to a twoweek low. It ended yesterday's session two cents down at 53 cents. But it continues to enjoy strong
      265 words
    • 727 6  -  ■1 i comment STOCKS r. sivanithy IF the economy really is improving in line with the US, and if the outlook for stocks really is as good as many observers believe, then what are we to make of the market's inability to advance during the past
      727 words
    • 585 6  -  ■^Tlcomment CURRENCIES S&P 500 equity index's five-month uptrend may be in danger of faltering larry wee THE greenback and Wall Street were both looking a little worse for wear yesterday, after a roller-coaster week of conflicting data from the United States. Weak consumer confidence
      Source: Reuters  -  585 words
  • 3263 6 UNIT TRUSTS FUNDS Citiiond Spore Class* 099V AM Amre Aaet Mgt (Spore) Com Global finance Indent? 0 8461 Star Europe Eqty!** 0.643/ Com Global Uteale lnde« Fd 0873/ SB jot* Hi 1147/ Com Global Health index Fd 0.831/ Sa Eveope U 0 941 Com Global Telecom Inden Fd 0 4361
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  • Page 7 Advertisements
    • 199 7 m Kimtrans hq is up a gear, new address, to you Sembawang Kimtrans Bps Being a total logistics solutions provider, we constantly pride F ourselves on being Innovators, constantly redefining our pmcwses to ensure you get seamless efficient results with our services. It's this idnd of commitment that has made
      199 words

  • FOCUS property
    • 218 8 Reuters [HONG KONG] The Hong Kong property market perked up in July from a Sars affected June, with the number of deals and value of deals up sharply, official data showed yesterday. The number of Hong Kong property deals rose 27.4
      Reuters  -  218 words
    • 663 8  -  Doing an en bloc deal is tough, but it needn't be unpleasant, says Vlnce Chong Vince Chong A SUCCESSFUL en bloc sale generally brings cheer to everyone involved. But one that gets bogged down can be painful. A collective sale starts with residents
      663 words
    • 416 8 Reuters [BANGKOK! The few Thai property firms which survived the 1997-98 Asian economic crisis are set to post strong quarterly results in the next two weeks as they reap the benefits of rockbottom interest rates and unleashed pent-up demand. Market leader Land
      Reuters  -  416 words
  • Page 8 Advertisements
    • 857 8 FOR SALE BY TENDER Casa Robina Freehold •Site area: 3,015.1 sq m Strata area: 5,814 sq m (subject to final survey) l|lcUi 15-storey block \s£S» /7 •49 apartments iSSSS TOP to be obtained 7 Tender Closing: iff 29 Aug 2003, Fri, 4pm Iljm Debenham J Leung i MODERN FACTORY SENOKO
      857 words
    • 812 8 Mp*--- MfW I jIL iSRSLL- x Various sizes up to 14,000 sq ft Instant move-in subject to conditions Allotted parking/Loading in front of unit Tel: 6344 2002 flr 53 Übi Avenue 1 #01-11 PAYA ÜBI SJO UUI Hveiiue 1 frUl-11 industrial pack e.#4*x±« M. ASIA DEKOR HOLDINGS LIMITED (Incorporated in
      812 words
    • 240 8 Good Class Bungalow FOR SALE BY TENDER 3 storeys with lift, pool and basement car park *Land Area approx. 16,9535qft I HjljjHfl «CFA approx. 15,252 sq ft *On high ground with unblocked view Exclusive residential area opposite Holland Village Tender closing: 15 August 2003 (FH) at 3 p.m No. 12
      240 words
    • 235 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 5# AND IN THE MATTER OF PACIFIC ALLTRADE PTE LTD (IN CREDITORS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN thai pursuant lo Section 308 of die Companies Act. Chapter 50. the Kinal Meeting of the Members and the Creditors
      235 words
    • 194 8 u IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELAINE ELVINE ENTERPRISES PTE LTD (IN MEMBERS'VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter SO, the Final Meeting of the Members of the
      194 words

  • SINGAPORE news
    • 391 9  -  About 100 of these vacancies need to be filled immediately By Tang Weng Fai DESPITE the gloom on the jobs front, there are unlikely pockets of growth in the local manufacturing industry- One of them is precision engineering, where some 700 jobs are going
      391 words
    • 525 9  -  on the economy purchasing managers index By Andrea Tan THE latest purchasing managers index (PMI) further lends credence to the view that Singapore's manufacturing economy is slowly on the mend. For the second consecutive month, the PMI stayed in the expansionary
      Source: SIPMM  -  525 words
    • 404 9  -  CCDG suggests presenting operating, financial review in separate section By Wong Wei Kong THE Council on Corporate Disclosure and Governance (CCDG) has proposed guidelines for listed companies when compiling the operating and financial review (OFR) in their annual reports. It has also proposed that
      404 words
    • 204 9 BROADCASTER MediaCorp turned in net earnings of $134.4 million for the year ended March 31, helped by a $126.6 million gain from selling part of its stake in the former Singapore Cable Vision. Revenues rose marginally to $375 million, from $373.7 million
      204 words
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      207 words

  • EDITORIAL & opinion
    • 901 10  -  Hi!!4 1 bottom line OPINION William pesek jr Bloomberg TIMES were when corporate America loved to hate the Japanese. Tensions hit a fever pitch in the 1980s when Japan's boom seemed destined to bankrupt US automakers and suck up every skyscraper, Warhol painting,
      Bloomberg  -  901 words
    • 637 10 EDITORIAL THE Singapore stockmarket has been one of the top performing bourses in the region during the last three months, rising by as much as 25 per cent from its April lows. What does this augur for the long suffering broking industry? Despite the recent volatility
      637 words
    • 1099 10  -  It's sad that the plan to make use of the uncannily accurate predictive powers of the market was not given a chance By\ Hal R Varian NYT [WASHINGTON] The Pentagon-sponsored futures market in terrorism indicators was announced and squashed in all of two
      NYT; AFP  -  1,099 words
    • 410 10  -  MAHmm Gerard Pennefather Singapore I REFER to the report "Temasek firms keen to put more into China" (BT. Aug 1). I was somewhat taken back by the context and content of the report. The "irrational exuberance" over China plays displayed by Temasek and Temasek-linked companies (TLCs)
      410 words
    • 113 10  -  Denis Distant Singapore I REFER to the letter "Scrip dividends end up as odd lots" (Mailbag, Aug 1) and am perplexed by the writer's concern about scrip dividends creating odd lots. For many years I have opted for scrip dividends offered by companies listed on bourses
      113 words
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    • 100 10 Fax your letters to 6319-*****r email them to btletterQsph. com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve
      100 words

  • REGIONAL news
    • 593 11 SEOUL His death comes as govt deepens probe into illegal channelling of funds Bloomberg CHUNG Mong Hun, the Hyundai Group chairman charged with illegally funnelling money to North Korea, leaped to his death from his 12th-floor office here, police said yesterday. His death
      Bloomberg; REUTERS  -  593 words
    • 238 11 JAKARTA Country on track to achieve 4% growth for 2003: govt Reuters INDONESIA expects a brighter economic picture in the second half of the year, with inflation and the budget deficit seen better than targeted, although the debt effects of the Asian financial
      Reuters  -  238 words
    • NOTE Book
      • 77 11 Bloomberg [JAKARTA] PT Bank Danamon expects profit to rise 30 per cent this year as it aims to increase loans by up to 40 per cent, an official said in Jakarta. "The profit will rise as we plan to increase lending by 35 to
        Bloomberg  -  77 words
      • 65 11 AFP [JAKARTA] Former Indonesian president Abdurrahman Wahid has been hospitalised since last week, his doctor said yesterday, refusing to disclose details of his condition. Mr Abdurrahman, who is clinically blind and has suffered two strokes, was admitted to the state-run Cipto Mangunkusumo hospital on Thursday night, said
        AFP  -  65 words
      • 57 11 Bloomberg [BEIJING] Luxury-hotel chain operator Shangri-La Asia Ltd appointed Edward Kuok as chairman following the resignation of Ye Longfei. Mr Kuok was chairman of Kerry Properties Ltd, where he was replaced by Ang Keng Lam as head of the luxury-home developer. Wong Siu Kong succeeded
        Bloomberg  -  57 words
      • 72 11 AFP [KUALA LUMPUR] Malaysia's securities regulator said yesterday that a listing on the Mesdaq market for high tech companies was not a "short cut" to the main board or the second board. "The Mesdaq market is not a third board or a short cut
        AFP  -  72 words
    • 100 11 Bloomberg (KUALA LUMPUR) Malaysia's economy expanded about 4.5 per cent in the second quarter from a year ago. Prime Minister Mahathir Mohamad said, after June exports had their fastest gain in four months. Growth is "expected to be about 4.5 per cent",
      Bloomberg  -  100 words
    • 503 13  -  Thai govt to issue baht bonds, ADB to release Asian currency series From. Anthony Rowley in Manila IN a series of initiatives planned for this year in connection with the development of an Asian bond market, the Thai government is expected to
      503 words
    • ASIA Notes
      • 54 13 Reuters [BEIJING] China, trying to help its tourism industry recover from the impact ofSars, will allow Japanese tourists to visit without visas, officials said yesterday. A China National Tourism Administration official said the decision will be formally announced during Foreign Minister Li Zhaoxing's visit to
        Reuters  -  54 words
      • 67 13 AFP [DHAKA] Bangladesh's main opposition leader and former prime minister Sheikh Hasina Wajed has been formally charged in a graft case in connection with the purchase of a naval frigate from South Korea's Daewoo Corporation. The Bureau of Anti-Corruption filed the charges against Sheikh Hasina,
        AFP  -  67 words
      • 61 13 AFP [BEIJING] China is expected to approve within a month a plan to set up 500 joint-venture petrol stations proposed by PetroChina and Britain's BP in Guangdong province. A plan for 500 gas stations proposed by Sinopec and the Royal Dutch/Shell Group in Jiangsu is also
        AFP  -  61 words
    • 367 13 MANILA AP AFP PHILIPPINE shares closed sharply lower yesterday on concern that efforts by disgruntled elements of the military to overthrow the administration of President Gloria Macapagal Arroyo will persist, traders said. The 30-company Philippine Stock Exchange Index ended down 37.11 points,
      AP; AFP  -  367 words
    • 303 13 KUALA LUMPUR Snch moves will cause instability, threaten growth AFP CHINA should not be forced to revalue its yuan or loosen its dollar peg because it would cause economic instability and threaten regional growth, a former Japanese vice finance minister warned
      AFP  -  303 words
    • 397 14 HONGKONG Maiden contributions from Household Intl help it beat expectations by a big margin AFP Reuters GLOBAL banking giant HSBC Holdings said yesterday that first-half earnings rose 26 per cent from a year earlier, beating expectations by a wide margin on the
      AFP; Reuters  -  397 words
    • 158 14 AFP [TAIPEI) Taiwan is seeking to negotiate with China an agreement on supervising financial activities across the Taiwan Strait against a backdrop of ever-increasing economic ties between the two political rivals, it was reported yesterday. The finance ministry hopes to talk with
      AFP  -  158 words
    • 263 14 Reuters [HONG KONG] Asia's companies lag behind their overseas counterparts when it comes to reporting timely financial results, and that gap needs to be addressed, according to a report by investment bank JP Morgan. On average, 172 of Asia's largest and
      Reuters  -  263 words
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    • 1229 11 SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda with Limited Liability) j iifc* NOTICE OF ANNUAL GENERAL MEETING 3 NOTICE IS HEREBY GIVEN that the Annual General Meeting of SWING MEDIA TECHNOLOGY GROUP I J LIMITED (the "Company") will be held at Suite 832, Bth Floor, South Tower, Meritus Mandarin.
      1,229 words
    • 351 11 H Discover why BB Michigan consistently ranks Hp as one of the world's top providers of I H|Vexecut/ve m education! M Hong Kong Kj|| Finance for the Non-financial Manager Sep 15 -19, 2003 B1 O Effective Sales Management Sep 22 24, 2003 H|| Strategic Marketing Planning Sep 29 Oct 3,
      351 words

  • Page 12 Advertisements
    • 2177 12 THAKRAL CORPORATION LTD (Incorporated in the Republic of Singapore with Limited Liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of Thakral Corporation Ltd (the "Company") will be held at Ballroom 11. Level 2 Grand Plaza Parkroyal, 10 Coleman Street. Singapore *****9 on
      2,177 words
    • 1756 12 ADVANCED SYSTEMS AUTOMATION LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventeenth Annual General Meeting of the Company will be held at 54, Serangoon North Avenue 4, Singapore *****4 on Thursday, 28 August 2003 at 10.30 a.m. for the following
      1,756 words

  • Page 13 Advertisements
    • 554 13 C«0 toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TORICA SINGAPORE PTE LTD (IN LIQUIDATION) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed company held on 30 July
      554 words
    • 1017 13 Singapore Shipping Corporation Limited (Incorporated in the Republic of Singapore) To: All Shareholders NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of Singapore Shipping Corporation Limited (the "Company") will be held at 200 Cantonment Road, #09-01 Southpoint, Singapore *****3 on Thursday, 21 August 2003 at 2.30 p.m. to
      1,017 words
    • 1056 13 I f STAMFORD LAND CORPORATION LTD To: All Shareholders NOTICE IS HEREBY GIVEN that the Twenty-fifth Annual General Meeting of Stamford Land Corporation Ltd (the "Company") will be held at 200 Cantonment Road, #09-01 Southpoint, Singapore *****3 on Friday, 22 August 2003 at 2.30 p.m. to transact the following business:
      1,056 words

  • Article, Illustration
    1061 14 Transaction date: Aug 4 MTERBAMK CROSS RATES A$ C$ W to ms Mh »Mptoh Yw Won H M2$ *H» N«o SS»md Sfr MTS Balrt Nw< USS Australia a9n 5.417 0.577 5.090 30.100 55.492 0.782 7.709 2.480 1115 37.723 35.765 U48 4.885 0.886 22.469 27.362 0.404 0.653 Cmrnta 1098 5.946
    1,061 words
  • 1560 14 SICOM FUTURES Aug 4 IUB0Q Futures (dosing prices) RSSI(ScefltsAg) Close Volume Opto it I, *fc e«M ■KJHui VHp LOw Mil lIOIHVfS) llulftSI Sep 03 180.00 Oct 03 177.00 Mo* 03 175.00 Dec 03 ***** RSS 3 (US cents/kg) VotaM Open Month Mfh La* Sett (tonnes) Interest Sep 03 101.00
    1,560 words

  • WORLD news
    • 499 15  -  This makes it the region with the highest growth in the quarter By] Raju Chellam [SINGAPORE] In another indication that the region's high-tech market is on the road to recovery, the AsiaPacific region (ex-Japan) saw the highest growth in semiconductor sales among
      499 words
    • 323 15 NEW YORK Consolidation of variable interest entities leads to lowering of earlier estimate Reuters CITIGROUP Inc. the world's largest financial services company, yesterday said a new accounting rule for variable interest entities (VIEs) will add about US$5 billion to its assets
      Reuters  -  323 words
    • 300 15 NEW YORK Bloomberg GENERAL Electric Co agreed to sell its bond-insurance unit for US$l.9 billion to a group led by mortgage insurer PMI Group Inc as part of a strategy to exit slower growing businesses, people familiar with the
      Bloomberg  -  300 words
    • 348 15 WASHINGTON Increase is another sign manufacturing is finally picking np AP ORDERS to United States factories rose 1.7 per cent in June, the biggest gain in three months, a fresh sign that the battered manufacturing sector in the US is turning a corner.
      AP  -  348 words
    • WORLD Watch
      • 104 15 Reuters [PHILADEPHIA] World Com Inc's initial review has found no evidence that the bankrupt telephone company improperly routed telephone calls. The Wall Street Journal reported yesterday. The company was scheduled to file a report yesterday afternoon with the US Bankruptcy Court for the Southern District
        Reuters  -  104 words
      • 104 15 Bloomberg l i\Jiwuj l oKyu Kelt inc, a Japanese real estate investment trust owned by two Tokyu group companies, plans to raise as much as 49 billion yen (Ss7l9 million) in an initial public offering. Tokyu Land Corp and Tokyu Corp's investment
        Bloomberg  -  104 words
      • 109 15 AP [LONDON] More Britons trust the British Broadcasting Company than trust Prime Minister Tony Blair, a poll published yesterday found. The survey by polling firm Mori for the Financial Times suggested that the heated political battle between the broadcaster and the government over
        AP  -  109 words
      • 101 15 Bloomberg IrAKibj rne international Energy Agency, an adviser to 25 leading oil-consuming nations, said world markets need more oil and criticised Opec's decision last week to maintain output quotas. Crude oil in London has risen by a quarter since the end of April to
        Bloomberg  -  101 words
    • 496 16 NEW YORK Interest rates rising from record lows could strangle spree, slow growth Bloomberg US companies have kept consumer spending rising a record 13th straight year by taking the old "buy now, pay later" formula to new extremes. As interest rates start
      Bloomberg  -  496 words
    • 74 16 Bloomberg ♦Furniture maker Ethan Allen Interiors offers five-year loans for living room furniture. ♦Electronics retailer Best Buy Co advertises 24 months of no-interest financing on computers. ♦Dealers of General Motors and Ford Motor have stretched the repayment terms on car loans up to 9even years; three to five
      Bloomberg  -  74 words
    • 507 16 NEW YORK Report recommends they be treated as settlement companies, not jnst banks Bloomberg THE European Union has moved closer to regulating so-called custodian banks including JP Morgan Chase Co, Citigroup's Citibank NA unit and BNP Paribas SA in a bid to
      Bloomberg  -  507 words
    • 522 16 LATWP [WASHINGTON] US Secretary of State Colin Powell and his deputy. Richard Armitage, have signalled to the White House that they intend to step down even if President Bush is re-elect-ed, setting the stage for a substantial reshaping of the
      LATWP; REUTERS  -  522 words
    • 491 17 NEW YORK Report confirms conntry-clnb cronyism bop down efforts to rein in CEO power Reuters LIKE the school-yard nerd, the corporate director who asks management the tough questions often gets a cold shoulder from the "in" crowd or shunned by the ruling clique, says
      Reuters  -  491 words
  • 4762 15 Transaction date: Aug 4 H HONG KONG vol hkrwi i« o.u ***** HO W- 000 Hong Kong Electric 30.40 -0 10 3158 Hongkong Chinese 0.89 0.01 2114 Alpha General 025 unch 217 Hongkong Chinese Ltd 0.89 0.01 2114 AnandaWingOn 0.01 unch 0 Hopewell Holdings 8 50 020 5223
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  • 2431 16 Transaction date:Aug 4 KUALA LUMPUR GanadCorp .1.15 -001 16 y,l General Corp 0.56 -0.01 119 MM rawM General Sod 1.26 unch 0 Genting 1540 010 214 ASM Realty... .0.94 -0.01 9 George Ker« .049 0 02 154 Afanc 100 -0.04 183 Globetronics Tech 5.45 unch 220 ACPkidustries 3.00 -0.02
    2,431 words
  • 840 16 Transaction date:Aug 4 m 1 OM Omft SfAmmm WW 0» Owy Algrcan 50c 0 42 1.020 ♦0-010 NatStaal SOc O S* 2*70 -0 0*1 CK 0-57 5.350 OCBC 1(7 10.500 -0J90 CapataLand 1.17 1.150 -0030 Out 056 7-200 *0100 Chart SannCond 26c 0 99 1010 -0030 PerfcvwyHZSt 0.49 0.M5
    840 words
  • 535 16 BONDS WARRANTS Lait Vol Cm* tar o!« Gear Ciwpwy Sih *m- COM) »aM« Prtt* —i Ult AST! W*****1 6 1 16 10 3.33 10 Aorta Ltd \MM1116 1 1 50 410 10.00 IS Amtek W*****0 J9 -15 46 1 33 1 1.41 22 Armstrong W*****0 45 unch 160 1 10
    535 words

  • 6073 17 Transaction date: Aug 4 5M* UK M Day HHQH CfOi* M» GrTW NM MCm Nmi l— Ciwp—I Sato W- rot 1801 Ui 8f» Mhr Cw HI >3 ABNAmroNLG S6c 9 12 3.4 ijg,j It 9 ACE Dynamcs20c 16 153 16 OJ 0.3 1SJ 18 9.5 AEM Evertectl 5c
    6,073 words
  • 67 17 UM V* Om, latQMl GrO* Dw GrTM MM Km Ciwp.11, l*. W- CWW I—I U» Im Sdht Or m J %0C 89 Dtamon* US87B0 J7S0 2100 IS OJ US Tech US3740 SSS S55 IS MSG Spore Iflffi an boo is sapsoo uskto 96S0 1210 STOW US 96 SO
    67 words
  • 1681 17 m Of 11Q—i Griftr Ofer GrVW MM mCrn mgt ig aga w nwt l— g Mtg cv p« t3 24 15 ABB Hldgs Sc 195 -0.5 541 19.5 19 19 19.5 375 30 15 APOiISc 27 unch 456 27 5 27 27 275 21 N26 3.9 9.9 217
    1,681 words
  • 319 17 52-Wk Last V«( Day MQmM QfOv H* OTH MM MCjf W# imm Ciapiny Ml W- C8W> M0i L—r »■>» H*k Cm f* imk 168 »1 AVienrwngs A2Sc A160 *1 187 ISO 159 157 ISO 40 3 4 6-3 9 J 344.4 CatHly Pk ?0c MIC720 265 2 1
    319 words
  • Page 17 Miscellaneous
    • 226 17 CRYPTIC CROSSWORD 10 Partner in group, regrouping 11 T Blair's constituents are 12 Bum rap means hard 13 Desert storm with England's leader replaced by Iraq's. 15 He made light of his inspira- ~~LJ 21 Girl's bloomer produces ac- 1111 i I 11 cident (8) 23 din 3 wfii° m
      226 words

  • FOCUS enterprise
    • 1137 18  -  Rhonda Willson tells Tay Shi'an how she turned around the firm her late husband left her Tay Shi'an Before June 1999, Rhonda Willson would tell you mat-ter-of-factly that she knew nothing about designing and manufacturing springs, and that she had no experience in running a business.
      ARTHUR LEE  -  1,137 words
    • 280 18  -  By Leonard Lim FOODBEX Global, a broadline distributor for the hospitality industry, recently clinched a 30 per cent stake in a US$lB7 million fiveyear contract. The job is to supply and distribute food and subsistence to American military ships visiting Singapore
      280 words
  • Page 18 Advertisements
    • 117 18 Where to wine, dine and entertain... h-- a World of Exclusive Privileges Treats 7 mmi WWWJUUU&XOIILSg brnnmkmar CORNERSTONE VIN DE PAYS D'OC France Red or White 75cl 1 BOTTLE FOR $18.00 3 BOTTLES FOR $50.00 12 BOTTLES FOR $192.00 FREE DELIVERY FOR 12 BOTTLES 04 AUGUST to 08 AUGUST 2003
      117 words
    • 42 18 f "tB titUm. jfl Captain's Table offers... More value for your 5 Choose from a host of rice and noodle dishes... Seafood Fried Rice, Seafood Ee Fu Noodles. Udon Noodles with NZ Beef and more... All at $6.50++ Available for weekday lunch.
      42 words
    • 152 18 The Best Of Teochew Porridge At The River Terrace L. Be Porridge Savvy and eat your way to a healthy lifestyle! Have Porridge either way, with or without chunks of Sweet Potatoes in It. To accompany your porridge, we offer a range of sweet savory local favourites. Available on Mondays
      152 words
    • 208 18 Don't miss delectable old-time favourites Chilli Crabs. Kway Chap. Wanton Mee, Hae Mee, Hainanese Satay. Rod Prata. Hainanese Chicken Rice Ball. Ah Ball Ung and much more. Also available are Fresh Oysters. Sashimi and Soft Shell Crabs. Monday to Sunday (except Saturday) Lunch $25 (Adult). $15 (Child) Simdav to Thursday
      208 words

  • SHIPPING TIMES
    • 260 19 Reuters THE Baltic Dry Index fell 5 points to 2176, the Baltic Capesize Index rose 23 points to 2948, the Baltic Panamax Index fell 36 points to 2047 and the Baltic Handymax Index fell 15 points to *****. HH&CHARTQt! China Steel Integrity Korea Line relet (built 2002) *****5
      Reuters  -  260 words
    • 275 19 SGX '000 Aag4 S$ Vol CWT Distribution 0.56 -0.01 120 ChuanHup 0.44 0.01 3701 CHOfWwre 0.33 0.03 ***** Casco Investment .0.36 -0.01 3242 Freight Links .0.07 -0.01 350 GBHoid.ngs.-_ 0.76 unch 9 Jays Holdings 0 43 -0.02 2569 KeppetCorp SJ2S 0.10 722 K1 Venture ...0.21 unch 2607 KeppelTele
      275 words
    • 562 19  -  US still considers 'bomb in the box' a serious threat By] Donald Urquhart [SINGAPORE] A "bomb in the box" is still considered one of the most serious threats to US security, according to a port and cargo security expert with Penn-sylvania-based Unisys Corporation.
      562 words
    • 206 19 Cocoo Pacific sells terminal stake [SINGAPORE] Hong Kong-listed terminal operator and container leasing group Cosco Pacific has sold its 10 per cent stake in the River Trade Terminal (RTT) at Tuen Mun for a reported HK$lOO million. Buyers and majority shareholders Hutchison Port Holdings (HPH) and Sun Hung
      206 words
    • 263 19  -  By Beth Jinks [SINGAPORE] Four armed pirates opened fire on a bulk carrier in the Malacca Straits last week, in one of two incidents that mark the end of a relatively quiet period in the often crime-plagued waterway. Evasive manoeuvres taken by the master
      263 words
    • 367 19 AP [BRUSSELS, Belgium] Salvage teams worked through Sunday to raise the first section of the Norwegianregistered vessel Tricolor from the bottom of the North Sea, where it sank eight months ago with thousands of luxury cars on board. Two floating cranes lifted the 3,000-ton
      AP; AP/AFP PHOTOS  -  367 words
    • 87 19 [SINGAPORE] Singapore based technical service provider Sinspec Marine Services has tied up with Ber-muda-based CMC International to offer global equipment inspections and fleet management services. As a result of the strategic alliance. CMC will manage operations in Europe, Africa and the Americas while Sinspec will
      87 words
    • 111 19 [SINGAPORE] Rough seas with waves of up to 3 metres can be expected in the northern sector of the Malacca Straits and parts of the South China Sea off the east coast of Malaysia for the next few days. The Malaysian Meteorological Services has warned mariners that
      111 words
    • AIRPORT screening
      • 886 20 Passengers may have to wait more than an hour before entering the screening process at some US airports AP [WASHINGTON] PASSENGER traffic at the airports is rising a bit, because of the season and the end of major combat in Iraq, but the
        AP; AFP  -  886 words
    • 108 20 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kyowa 5 KMTC
      108 words
    • 8990 24 thebusinesstimes EXPORT ETA ETA Advartisar Vassal VoYaqa Talapnona ETA ETA Advactisar VMS* Voyaga Talaphona SIN Dast'n turn* Nam* Numbar Numbar SIN Dast'n Nam* N n# Numbaf NumOaf 27/06 06/09 CMA CCM CSAV MONTREAL TBA 45-*****800 S, ABIDJAN (ABJ) 2003 Cot# D'lvoirt 03/09 14/09 HamburqSud CAP OELCADO 024S 45-*****133
      8,990 words
    • SHIPS IN PORT
      • 615 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BINTANJAYA BJ0332 J12 A/SIDE 05/08 0100 LABROY 158 EBLS19 J2 A/SIDE 05/08 1200 MARE THRACIU 009E J17/18 A/SIDE 05/08 0300 PAC VALOUR 75 J12 A/SIDE 05/08 2230 TROPICALSTAR 78 J8/9 A/SIDE 05/08 0600 BAYSWATER118 M3178R J3 05/08 0900 05/08
        615 words
      • 1770 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr AO RAFFUES OWN (WON 1 05/*****3-0800 05/*****3-1800 T01 ALAMJAYA 2 8856 8856 1 05/*****3-02:00 05/*****3-1300 K22 ANOA 3186 3186 1 *****003-15.00 *****003-2000 P02 ANL AliANY 21S 20N 1 05/*****3-04:00 06/06/2003-16.00
        1,770 words
      • 138 25 Aug 12 Thailand: Queen's Birthday. Ang IB France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Aug 17 Indonesia: Indepen Day. Aiig24 UKingdom: Summer Holiday. Aug 31 Malaysia: National Day. Philippines: Nat Heroes Day. Sep 1 Canada: Labour Day. U.S.: Labour Day. Sep 2 Vietnam: National Day.
        138 words
      • 816 25 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesued stem. Market movements are indicated The Cockett Bunker Price Index change and the
        816 words
      • 537 25 Carbon ISO Mu 9917 0.6 16.2 0.08 69 0.06 Jul 31 Dawity Water Residue AshAiuminium Sediment No above E25 1 0 3 0 0 0 f %M/M 380 Ave 965.5 0.1 15.0 0.04 20 0.01 biM 380 M«i 9911 0.4 17.8 0.08 56 0.03 «W3 %in
        537 words
    • AIR & LAND transport
      • 622 26  -  Passenger confidence has recovered with demand for intraAsia travel surging Abacus By Beth Jinks [SINGAPORE] Air travel bookings in Asia have doubled since May and even grew over bookings a year ago, boosted by widespread discounting following the containment of Sars, according to Asia's
        REUTERS  -  622 words
      • 324 26 AP [CANBERRA] Air New Zealand will make major changes to allow it to meet tough competition in its main market from three new entrants Virgin Blue, Emirates and Royal Brunei airlines. "I would suggest that unless we make some significant changes to
        AP  -  324 words
      • 371 26 Sars, war in Iraq take heavy toil on airline Reuters [TOKYO] Japan Airlines System, Asia's biggest airline, has reported a quarterly net loss, battered by weak passenger demand on international flights due to Sars and the war in Iraq. JAL's international
        Reuters; AFP  -  371 words
      • 202 26 Reuters (AMSTERDAM] If necessary KLM is prepared to jettison its long-running transatlantic alliance with Northwest Airlines when it decides later this year whether to join the global oneworld or rival Sky Team grouping of airlines, a spokesman for the Dutch carrier
        Reuters  -  202 words
      • 338 26 Carrier should examine all possible scenarios to secure its fntnre, says govt AFP [ZURICH] The Swiss government has asked troubled airline Swiss to examine closer cooperation with another airline, including a merger, to secure its future, a government spokesman said on Sunday.
        AFP  -  338 words
      • 177 26 AP [JERUSALEM] Israel is to ban foreign airliners without bulletproof cockpit doors from flying over the country or landing at its airports effective Oct 31, a spokesman for the Ministry of Transportation said. The Israeli move follows a similar decision made by US
        AP  -  177 words
      • 1784 26 an man ro rutm en w sut -aso MMk IN977C 22» Ftfmt* SOW 540 S0990 0105 SU» 22» Fukn MFH3 *25 MT854 1740 *asttr«Ml RU37 1455 6*974 01)0 C2J51 2)05 WJM 2255 HbhI VH74I 1)25 M740 MM SU4 2)45 T6408 0920 Atftm SO 347 0555 HcCMMMCXy
        1,784 words
  • Page 19 Advertisements
    • 11 19 AIRLINE BOOKINGS DOUBLE Air NZ gears up to meet new competition
      11 words
    • 47 19 42 Circular Ro.d J T. <M) Singapore *****8 www.nioUy-malooe.coni I Get Shanghai'd at Molly's! I IftT Shipping Industry' Night on Tuesdays "Hoist the Jolly Roger" from spm to Bpm H with Heineken and Tiger at $8.80 a pint H ■Hr S I Free rum shots and snacks
      47 words

  • Page 20 Advertisements
    • 678 20 I IMPORT ~l I NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPB*BHUTTLEEXPBEBB(3SX) I AUSTRALIA ASIA EXPRESS (AAX) I JSSHI *21 m wssa vot m stb m am he m pig PtONOUOYOSTUTVB«T 17W20 13/07 11/ M 12/01 NYK PRIDE 36N OMIT 20/07 30/07 01/00 OS/OO 10/00 12/00 ooa AMERICA 70W31 00/00 24/00 20/00
      678 words
    • 442 20 «Unes&services represented by u Mambvs ol the Ragistry of |l«l| Acct«d AgMi. S»w« L>g,.to Attooa** n ULY um MALI /vKsa VOT HA ETA 1 f. KLAMO SfOßf MALI Princess Uly 0703 03/08 05/08 14/08 Mold Star 541 A 13/08 15/08 24/08 Princess Lily 0803 23/08 25/08 03/09 Mold Carrier 741
      442 words

  • Page 21 Advertisements
    • 1150 21 TO USA (SAX SERVICE) VESSEL VOY SIM ETA LAI OA* DM HOU CHI CM HIM ATI NYC AFI CANADA 11 Si 06/08 21/88 25/08 26/08 26/88 26/08 26/08 26/0» 29/08 29/08 Aft SCOTLAND lift 13/08 28/08 01/09 02/09 02/09 02/09 02/09 02/0* 05/09 OS/09 AMKLGIUM 1171 20/01 04/09 0«/09 09/09
      1,150 words
    • 1806 21 "VMKAN 0«B StKVKI FMM MNSAPOH TO BLACK SU VU PO*T SIT oiMAiwiißK) Hours MNMmntiihM sAiB/tia tilm»MS7/«I i- 2555 COSTAR SHIPPING PTE LTD 2222 225&42 I CO WMI (W«A«U) 23M8 a NO: UTtTMMtHI TIL 4274 IW (MAIN) MWUO(OO) *****704 62J*****/49 I UUl^ll-I T/SHMKF *****12S *****314/44 I Mlk ulMr JOMOt s Offtci:
      1,806 words
    • 560 21 rasa ww[iMristGi jkt iamaxihum |ww i/i iy» |m| m i 7\/i i 23/1 i JOJM ns I 9/i 12/g ~VT~ HUMSAIHUM 070W I) 5/B I 70/B I 21/1 I 2t/l I 21/» I 30/11 IHIIHUM 12S 14/B )9/» 20/1 [GAMIA IHUM I ***** 1 22/1 I 27/1 I 2t/l 2/1
      560 words

  • Page 22 Advertisements
    • 451 22 ®nEI MA C eNOUime*«OOKINOS: *****344 FAX: *****433 E-MAIL: <Wnw#drtme..com.^ UCLIYIM J DOCUMENT *****637 MX: 633M177 i■ am minima M(om»mm*anmimta+9mm YPSB VOT SJMGAMti POET UIAHC fuHAVtI jj MM* COMAXIY Hvwfrltowc* Ml 11/ M I MM 77/01 Ot/W 30/ M M/M S&i——363* its m si is7w m m ty—» MSW K/M Ml
      451 words
    • 478 22 Xan\ wan hai lines V TEL: *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TOt HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TOt JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For mora do tails, eall HOTLINE: *****588/1800-*****00 wok wr m n m MoroniT woaaum asia express mt
      478 words
    • 628 22 I BSA± MYANMA SB FIVE STAR UNE (My~r NCHmmI UM) vtssa VOT SM pu pen m PAGAN 304W SU HPA-A* M7W SU IN MALATSIA: lOUSHAD SHIPPING AGENCIES KUi: 01-*****100 PKL 03-*****101 PtN: 04-*****02 bank line (A trvki tt A»*.w VHtk ShipyH) 1 I NOKTHtOUNP TO EUKOPi V CONUMBt BOtO, MUUIHUVYUFTS
      628 words

  • Page 23 Advertisements
    • 1079 23 [VISSII VOY KHH HKO !«N I PKL I OXB I 3A3 I PMM 33C IRAN HOtMOZGAN PCL 3M saiUd mE3 OS/Ot 06/0» 13/03 14/0® 21/03 23/03 SIMA TOUBA PCL 802 SKIP SKIP 14/08 13/08 22/03 23/03 29/03 01/09 CAM nuo PCI 303 SKIP SKIP 21/03 22/03 29/03 30/03 06/09 03/09
      1,079 words
    • 577 23 i ISM UK CONTINENT SERVICE Loading for THOfl LOTUS RTM/ATW/BMNAJK/NAN ZEYNEP KIRAN RDM/ATW/BMN/UK/NAN Load* Singapocw. E7W. Mateyw. mdooewa MIDDLE-EAST SERVICE Loading for PAN BRIGHT AON/HDO/JDH/AQA LOK LAJESHWARI ADN/HDD/JDH/AQA J. FRIEND DBI/ABU/DOH/BRN/DMM/KWT LOK PRATAP DBI/ABU/DOH/BRN/DMM/KWT toads Singapore. EVW Malaysia. Indonaaia USA SERVICE Loadng tor QUI GON JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX/MZL
      577 words
    • 856 23 -msa m m m jam -MMfS* ***** 02/ M WW JtSJKM w» j»M osoo ncumA am 04/01 JEftLilUi mi 07 m tSm mum lOOM os/m os/o> rumm mi iazm um— HCIANDA IttZH M/M M/M 1913 14/01 IQ/QQ jtLum lfifim um m/m pac lAWD* 100»* Of/Of 10/oo KM *****— ')/W Z
      856 words


  • Page 25 Miscellaneous
    • 115 25 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols 7 Showers y F u circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day *One full fleche represents 10 knots x Hazy A One solid triangle represents
      115 words