The Business Times, 2 September 2003

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Microfilm: NL25248
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MITA(P) 024/03/2003 Internet: http://business-times.asial .com.sg SINGAPORE TUESDAY, SEPTEMBER 2. 2003 850
    14 words
  • Article, Illustration
    Lock icon Private home prices could fair another 5-10%, says S&P
    824 1  -  But interest in new launches continues despite GPF changes By Kalapana Rashiwala, Angela Tan [SINGAPORE] Credit rating agency Standard Poor's (S&P's) yesterday forecast that private home prices in Singapore could slip a further 5 to 10 per cent over the next
    824 words
  • Article
    Lock icon MARKETS
    68 1 □«n 1,605.60 (+6.35) ST INDEX FUTURES 1,616.00 (+25.00) SIMSCI FUTURES 199.40 (+3.10) Mondav Change KLSECOMP Hosed NIKKEI 225 —10.ti7U.lH f.t>titi:i HANG SE.Vi 10.90:140 -5.59 SET INDEX +7.52 JAKARTA (X)MP 5.14:14 *466 MANILA OOMP .1,201.92 +9 (19 TAIPEI WPI 5.***** *40.96 SEWLCOMP 764.11 +464 SHENZHEN B 229.42 +188 AI'STALLORD :t2l2.IO
    68 words
  • Article
    Lock icon FINANCE
    81 1 FOREX RATES US$ 8$ l S$ (SS per I S$) 1.754 S(ISS/S$ pw S) 1577 2.766 El'ROfl SS/SS/E) 1098 1926 YEN 116.7 66 50 KM 3800 2.166 HKS 7 799 4.447 BAHT 40.98 23.36 RI'PIAH 8,478 4.834 RENMINBI 8.299 4.731 INDIAN RUPEE 45.83 26.13 AS 1547 0.882 NZS 1.731
    81 words
  • Article
    Lock icon S'pore ranks No 2 in Asia in output per person
    633 1  -  From Ravi Kanth tnGeneva SINGAPORE has performed impressively in terms of output per person, which shot up to U5543,156 in 2001, second only to Hong Kong in Asia, according to a new study by the International Labour Organisation (ILO) released
    633 words
  • Article
    Lock icon Transhipment customers a risky bet: Hutchison
    661 1  -  BT exclusive Giant port operator learnt this the hard way 30 years ago By Beth Jinks {SINGAPORE] Singapore and other Asian ports investing heavily to lure transhipment traffic are "in danger" of being bypassed by direct shipping and losing business to subsidised competition, the
    661 words
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Er, sorry — Yang, not Loong
        93 2 Er, sorry Yang, not Loong AT Singapore Telecommunications' AGM last Friday, outgoing chairman Ang Kong Hua accidentally called for shareholders to approve the re-election of "Lee Hsien Loong" (Singapore's Deputy Prime Minister) as the telco's director instead of "Lee Hsien Yang", SingTel's CEO and brother to the DPM. Reacting to
        93 words
      • Article
        Lock icon Give it a solid foundation
        68 2 NOT satisfied with SingTel's share price, shareholders called on new chairman Chumpol NaLamlieng. a Thai businessman and president of Siam Cement Public Co, who has been recognised for turning around Siam Cement after the 1997 financial crisis, to provide a strong foundation to SingTel's share
        68 words
      • Article
        Lock icon No kidding
        119 2 STILL on SingTel's AGM When outgoing chairman Ang Kong Hua, who was also involved in the high-profile takeover of NatSteel, was asked by shareholder Ramesh Seth why he was stepping down, Mr Ang joked: "Mr Seth, when I met you last year, you said you see me here,
        119 words
      • Article
        Lock icon Lessons from the wet market
        109 2 THINK the vegetable stall seller is ripping you of!? Wet market operator Heeton Holdings may well come up with a guide on how to build relationships with stallholders and other tips. "I had a dream last night that I was writing a handbook on how
        109 words
      • Article
        Lock icon Let's have SEX on the roads
        133 2 IT'S not enough to just remove NUTS (No U-Turn Syndrome) from Singapore life. "Let's start by putting back the vowels in our car licence plates," Member of Parliament Wang Kai Yuen suggested last week in a call for some fun to be injected into
        133 words
    • Article, Illustration
      Lock icon Snow to push flexible exchange rates agenda in China trip
      526 2  -  He's expected to drive message home to Chinese leaders in today's meetings From Anthony Rowley in Tokyo ON the eve of what is widely seen as a critical visit to China, US Treasury Secretary John Snow last night emphasised the
      REUTERS  -  526 words
    • Article
      Lock icon 6-8 months delay in saving for HDB deposit: Mah
      462 2  -  Impact on ability of new flat buyers to service their loans will also be minimal By Andrea Tan [SINGAPORE] Saving up the 20 per cent downpayment for that new Housing and Development Board flat will take six to eight months longer
      462 words
    • Article
      Lock icon Speculators eyeing HK$: finance chief
      353 2 Govt stands firmly behind currency peg, says Tang Reuters [HONG KONG] Hong Kong's financial secretary says speculators are eyeing the territory's fixed currency like tigers, the Hong Kong Economic Times reported yesterday. "Those people who want to run after the Hong Kong dollar, they're watching
      Reuters  -  353 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      108 2 Bahamas Belize British Virgin Islands Cayman I Islands' Jersey Mauritius'Samoa'Seychelles ;i J FREEHOLD CONDO H|P 99 MEYER ROAD, THE SOVEREIGN pifßi Looking for a good property! K p|*g Once in life time opportunity. gi Prestigious address in district 15 li: Luxurious 4+l 2637 sq.ft. 'Renovated Fully air-conditioned r«: CjiiLg Private
      108 words
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  • SINGAPORE companies
    • Article
      Lock icon PSA ventures into new territory
      949 3  -  HOCK lock siew loh hui yin THE PSA Corp-Cosco Pacific joint venture inked over the weekend is much more than just a landmark deal. Apart from PSA reversing its long-standing policy by allowing a customer Cosco Pacific to own a stake in one of its
      949 words
    • Article, Illustration
      Lock icon Regional buy-out scene set to hot up
      460 3  -  Divestment of assets, low interest rates seen fuelling LBO market By Siow Li Sen SINGAPORE can expect to see more leveraged buy-outs (LBO) as banks gain confidence in financing such transactions which are popular in places like Hong Kong, according to DBS Bank
      JOHN COSGROVE/ST  -  460 words
    • Article, Illustration
      Lock icon Amtek earnings slip 12% to $32.3m
      625 4  -  Rise in metal prices and higher staff and operating costs cited By Teh Hooi Ling METAL stamping and precision tooling group Amtek Engineering's fullyear earnings for the year ended June 30 fell short of analysts' expectations. It dropped 12 per cent to $32.3 million,
      CHRIS LOH  -  625 words
    • Article
      Lock icon Jaya's full-year net earnings up 31%
      288 4  -  By Donald Urquhart PROMPTED by the ongoing global demand, offshore support vessel specialist Jaya Holdings is considering the purchase of a shipyard in China to supplement its limited local capacity. The Singapore mainboard-listed shipyard yesterday reported a 31 per cent rise in full-year net
      288 words
    • Article
      Lock icon Micro-Mechanics profits treble to $2.9m
      255 4  - MicroMechanics profits treble to $2.9m By Kenneth Lim THE semiconductor business is improving but price pressures remain yet Mi-cro-Mechanics president Chris Borch isn't ready to give up his high profit margins. "We have always considered a 50 per cent gross profit as the land we would like to live in,"
      255 words
    • Article
      Lock icon COMPANYBriefs
      363 5 FAN to trade ex-entitlements FRASER Neave (F&N), a component of the Straits Times Index, will trade ex-entitlements tomorrow following its capital reduction and cash distribution exercise. To reflect the change, F&N will be excluded from the calculation of the ST Index on that day, said Singapore Press Holdings, the
      363 words
    • Article
      Lock icon Asian market rally likely to continue: JP Morgan
      738 5  -  But companies must manage capital better and improve corporate governance By Ven Sreenivasan MOST markets in Asia are still looking inexpensive despite having run up by about a third this year. And the Asian market rally looks set to continue, driven by
      738 words
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      Lock icon Page 4 Advertisements Column 1
      562 4 accs ACCORD CUSTOMER CARE SOLUTIONS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Accord Customer Care Solutions Limited ("the Company") will be held at 20 Toh Guan Road #05-00 Accord Distri Centre, Singapore *****9 on
      562 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      137 5 "SSXS&Z, 1 I tetWZZOfiW ta= *****358 8 wetaKe**l Our qualified proffassionab can assist you with offchora structural shatf companlas |Kr and incorporations In All Jurisdictions including: O; British Virgin Islands ;r Cayman Islands Bahamas Mauritius Hongkong 11 1 > Samoa Full nominee, management secretarial, banking and corporate administration services are
      137 words
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      Lock icon Page 5 Advertisements Column 2
      225 5 Good Times Fly Save up to 30% on ANA Business Class when you fly UNI Asia Triangle MM STOPOVER rmPKjj |~sSp|o p52,060 m Enjoy a tale of two cities with ANA's Asia Triangle Route—'Yorimichi'. f What's more, Star Alliance members will benefit from mileage accrual. ANA Simply fly ANA from
      225 words
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      Lock icon Page 5 Advertisements Column 3
      7 5 Rapid sector rotation churns market, Pg 6
      7 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      320 6 OTHER SINGAPORE INDICES Sep 1 VALUE CLOSE BTOa/PS -476.00 -256.00 BTCUDI -*****.00 +31.00 BTlO-daym -*****.00 -48.00 H-SQC+dbm 437.76 ->-3.73 88 CjaMt Ptl 170.06 -1.91 SC Fh 1354.17 +0.19 IQBpMgftg 400.00 +5.65 MSatlfpiri 198.75 +1.21 SMSCIFibni 199.40 +3.10 Stock* Vnhww Chart SemtCond 26c 62,445,000 Juken Tech 10c 49,147,000 Cosco Inv 20c
      320 words
    • Article, Illustration
      Lock icon Interest in GES International picking up again
      268 6  -  HOT STOCK/ WARRANT By R Sivanithy WHEN computer firm GES International switched its listing from Australia to Singapore a few years back, it quickly became the focus of the local market's attention. Partly because of a boom in the tech sector at that
      268 words
    • Article, Illustration
      Lock icon US$ takes a hit, breaks below 117 yen support
      625 6  -  BT comment CURRENCIES Asian units gain as North Asian stocks, Thai bourse hit new 2003 highs again larry wee THE US dollar took it on the chin, losing ground against a host of major currencies between Friday and yesterday. Conspicuously, it
      Source: Reuters  -  625 words
    • Article, Illustration
      Lock icon Rapid sector rotation churns market
      780 6  -  BT comment STOCKS r. sivanithy THERE'S no denying that trading conditions in the local market have improved drastically in recent months, but at the moment it's difficult to pin down which sectors the buy-and-hold investor should go for to profit from this improvement. One reason
      780 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    48 6 UNIT TRUSTS FUNDS LEGEND AJ pncn ar* induOv* far Ex MnggK taM Broad* D*»nift«>t IMr c*M*f f ocuiad;t Lowwr M* 1m to Madfam RWc Madkan to High RWc Mgtwr RMc opvt-mfad:« Mar* MiMvtton of unit* Attar tubdtvWon erf units attar stock «(*t NA- Han DaaKng Day: Roar MceSSOJIS
    48 words
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  • FOCUS property
    • Article
      Lock icon Housing will be a buyer's market
      892 7  -  CPF changes have a negative impact in the absence of basic factors supporting demand, says Lian Chia-Liang Lian Chia-Liang THE recently announced changes to Central Provident Fund contributions have fuelled fresh concerns over the already sluggish housing market. These concerns stem from the long-standing
      892 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      83 7 Reach your shareholders and potential shareholders by publicising your company's financial results in our newspapers. rHBPWT -PBt, tt i■»■■ JL ~1 i» i,, i. jgjjs ijjgj alfiim Another 5% discount off nett price $20,000 renovation rebate I Instant move-in We pay 75% of your monthly bank instalments for the next
      83 words
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      Lock icon Page 7 Advertisements Column 2
      82 7 COLLECTIVE SALE SU CT Prime Condominium Site in §f^' L Orchard Road Area _> Freehold Centre point S c2m£ 9 1 Fringe of CBD Orchard Rd Shopping Belt So Prime exclusive residential enclave fp Ortf, Plaza Specialists Walking distance to MRT Stations S CentrC 9 0 S te are 3:
      82 words
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      Lock icon Page 7 Advertisements Column 3
      425 7 AMBER ROAD Residential Development Site For Sale T \A«r- Close to Chinese Swimming Club control up to 36 storeys I Land a* 6o appfox 22.791 sq ft adjoining plots approx ,3 B94sqft Tender closing on ■rtrV M 17September2003at3.oopm 7-STOREY WAREHOUSE CUM OFFICE BUILDING FOR SALE Convenient location Jin Kilang off
      425 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Make CPF voluntary, or scrap it: MPs
      532 8  -  YESTERDAY IN PARLIAMENT But Eng Hen says dumping system overlooks problems of ageing population By Chuang Peck Ming MAKE CPF savings voluntary or, better still, junk the CPF system altogether. That would be a radical move that would have gone a long way
      532 words
    • Article
      Lock icon Singapore leads the region in Q2 server sales growth: Gartner
      581 8  -  4.1% growth driven by vendor cuts, demand recovery By Raju Chellam SINGAPORE seems to have led the South-east Asia region in computer server sales in the second quarter with 4.1 per cent growth, driven mainly by recovering corporate demand and
      581 words
    • Article
      Lock icon ASME wants housing land tenure to be shortened to 66 years
      309 8 This will improve affordability, lessen impact of CPF cuts THE Association of Small and Medium Enterprises (ASME) has suggested that residential and industrial land tenure be cut to improve affordability and reduce business costs. ASME says land for private
      309 words
    • Article
      Lock icon Growth of 2.9% in July bank lending
      248 8  -  EYE on the economy bank loans By Siow Li Sen BANK lending continued to grow, up 2.9 per cent in July, boosted by housing loans and lending to professional and private individuals and the commerce sectors. According to the Monetary Authority of Singapore,
      248 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Major power outage hits five Malaysian states
      527 9  -  Grid failure delays flights, disrupts road traffic on public holiday From Diana Oon Abdullah in Kuala Lumpur FIVE northern states on the Malaysian peninsula suffered power outage up to three hours yesterday morning, but there was little disruption to business because of the
      AP  -  527 words
    • Article
      Lock icon Why isn't M'sia, like China, in the hot seat?
      915 9  -  The dollar peg has served KL well since 1998, but it's time to move beyond it, says William Pesek Jr William Pesek Jr Bloomberg OF all the revisionist history churned out since the Asian financial crisis, the rewriting of events in
      Bloomberg  -  915 words
    • NOTEBook
      • Article
        Lock icon Many China firms to go bankrupt
        70 9 Reuters [BEIJING] More than 2,000 Chinese state-owned enterprises will go bankrupt within five years as state-sector reforms sweep away inefficient business practices, the China Daily said yesterday. 'This is an important step in the country's state-owned assets restructuring process," the newspaper quoted an official
        Reuters  -  70 words
      • Article
        Lock icon HK Ang property sales surge 25%
        95 9 Bloomberg [HONG KONG] Hong Kong sales of new and second-hand apartments and other real estate surged about a quarter last month to HKSI6.7 billion (553.7 billion) from a year ago, the biggest rise in 15 months, Centaline Property Agency said. The number of transactions
        Bloomberg  -  95 words
      • Article
        Lock icon China economy to grow &3% this year
        67 9 AFP [BEIJING] China's economy will expand 8.3 per cent this year despite the impact of Sars and the rapid growth will continue into next year, state media said yesterday, citing a government-sponsored report At the same time, the State Information Centre warned that
        AFP  -  67 words
      • Article
        Lock icon Guangzhou sets up flu network
        76 9 AFP [BEIJING] South China's Guangzhou city, where some of the first cases of Sars were reported last November, is setting up a flu and fever monitoring network in case the deadly respiratory disease re-emerges this autumn, the Information Daily said yesterday. People reporting fever higher
        AFP  -  76 words
    • Article, Illustration
      Lock icon 3G proving to be costly gamble for Li Ka-shing
      564 12 LONDON Losses from 3G could reach HK$6b next year and HK$7b in 2005 THREE months ago, Li Kashing said he did not like to have too many of the companies in his sprawling empire listed on stock markets, the Financial Times
      564 words
    • Article
      Lock icon Shell's China pipeline project delayed
      370 12 GENEVA Talks bogged down over disagreement on pricing ONE of Royal Dutch/Shell's most important projects, a 3,900 km natural-gas pipeline in China, is bogged down indefinitely in disagreement, according to Philip Watts, chairman of the UKbased oil group, the Financial Times reported yesterday. He said
      370 words
    • Article
      Lock icon China sets rules on bond issue by brokerages
      267 12 SHANGHAI Reuters CHINA issued rules yesterday allowing brokerages to issue corporate bonds for the first time, hopefully boosting an overcrowded, cash-strapped industry and a persistently weak stock market. From October 8, securities houses that maintain paid-up capital of more than 500 million
      Reuters  -  267 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Indian fiscal deficit dimming bright economy
      794 10  -  THE bottom line OPINION prem shankar jha THE Indian economy is doing well. The country's coffers are full of foreign exchange. Inflation is minima] The monsoon rains this year are the best ever. An industrial recovery may be getting under way. Share prices have
      794 words
    • Article
      Lock icon IN OTHER WORDS
      80 10 'You will recall that some dead-enders fought on during and after the defeat of the Nazi regime in Germany. They and other Nazi remnants targeted allied soldiers, and they targeted Germans who cooperated with allied forces. Mayors were assassinated, including the US-appointed mayor of Aachen, the first
      80 words
    • Article
      Lock icon Singapore's necessary mind shift
      638 10 EDITORIAL AFTER years of being exhorted to reach for the sky, the message Singaporeans are hearing now from the government is very different Moderate your expectations, it says. This is calling for a mind shift as significant as any and which has to be carefully handled.
      638 words
    • Article, Illustration
      Lock icon Why the China-bashing in the US is misguided
      1470 10  -  A cheap yuan that helps China strengthen its export base and continue with its economic transformation is not a threat to the US From Leon Hadar in Washington AS Washington moves towards the 2004 presidential election campaign, domestic politics starts to intertwine
      AFP  -  1,470 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      221 10 CRYPTIC CROSSWORD isthrea 31 Sh^f S helper may 15 Miu6e t0 Possibility of its go- Across: 1 Main line, 9 Aircraft, rougn ing up or down (5) 10 Etna, 11 Death warrant 13 DOWN 16 JL Sd^? 1 Mum caWed Banister, 15 Enigma, 16 Pelt, 17 1 They're said to
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  • Article, Illustration
    Lock icon FINANCE
    1033 12 Transaction date:Sep 1 DITERBAMK CROSS KATES A$ C$ wg mi Tw 1 rn Nil 9mm 9 M ft W Hml WSS A strjii 5466 0.589 5.043 ***** 54.815 0.T55 7MO 2.457 LOT ***** 35.531 LI34 4.747 0.906 22.049 ***** 0.4» 0.647 Caatfa LI20 6.008 0.659 5446 33.176 6L375 0.845
    1,033 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      819 12 2«9 8812 B—il: ■otice»»«yfcx<«^g CEI CONTRACT MANUFACTURING LIMITED NOTICE OF CLOSURE OF TRANSFER BOOKS AND REGISTER OF MEMBERS BONUS ISSUE ("BONUS ISSUE") OF BETWEEN A MINIMUM OF 27,220.000 AND A MAXIMUM OF X,464,000 NEW ORDINARY SHARES OF 550.05 EACH ("BONUS SHARES") IN THE CAPITAL OF CEI CONTRACT MANUFACTURING LIMITED ("COMPANY"
      819 words
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      Lock icon Page 12 Advertisements Column 2
      337 12 (all toll-free 1800 289 8822 IN THE MATTER Of THE COMPANIES ACT, CAP 50 AND IN THE MATTER Of WINGTAIIADVANTAGE PTE LTD (In Members' Voluntary Liquidation) Al on Extraordinary Generol Meeting ol the above Company held on 30 August 2003 Ilia following resolutions were duly passed Special resolution 1 That
      337 words
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      Lock icon Page 12 Advertisements Column 3
      334 12 IN THE MATTER Of THE COMPANIES ACT, CAP 50 AND IN THE MATTER Of WINGTAI lADVANTAGE HOLDINGS PTE LTD (In Members' Voluntary Liquidation) At on Extraordinary General Meeting of the above Company held on 30 August 2003 the following resolutions were duly passed Special resolution 1 That the Company be
      334 words
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      Lock icon Page 12 Advertisements Column 4
      131 12 If you are facing disruptions to operations arising from any of these: Cash flow problems Shareholders directors' disputes Sudden departure of Accountant Finance Manager Fall out from soured relationship with Accountant Finance Manager Acquisition of business with improper messy accounting systems Call Stone Forest Accountserve 6-*****68 (or 6-accouht) 1 For
      131 words
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  • WORLD news
    • WORLDWatch
      • Article
        Lock icon Vivendi assets may go to NBC
        72 13 NYT [NEW YORK] After months of haggling with more than half a dozen bidders, Vivendi Universal is near a preliminary agreement to merge its entertainment assets with General Electric's NBC division, executives said on Sunday. Vivendi has scheduled a special board meeting today in
        NYT  -  72 words
      • Article
        Lock icon Fifa bond on World Cap investment
        118 13 Reuters [LONDON] Fifa, world football's governing body, is set to issue a so-called catastrophe bond to protect its investment in the 2006 World Cup in Germany, the Financial Times newspaper reported yesterday. The report said CSFB was be the lead manager for a 400
        Reuters  -  118 words
      • Article
        Lock icon S Korea's Aug trade surplus soars
        107 13 Reuters [SEOUL] South Korea's trade surplus nearly doubled in August from a year ago, helped by brisk exports of mobile phones and computers and despite strikes by workers in key sectors of the economy, the commerce ministry said yesterday. Analysts said the surplus could
        Reuters  -  107 words
      • Article
        Lock icon Boy anything for a million yen each
        82 13 Reuters [TOKYO] Hundred-yen shops are all the rage in deflation-hit Japan, but an upscale department store fought back yesterday with a different sort of campaign, offering an array of luxury goods tagged at a million yen (S$15,000) each. Crowds of shoppers many of
        Reuters  -  82 words
      • Article
        Lock icon Japan Aug manufacturing expands
        68 13 Reuters [TOKYO] Manufacturing activity in Japan expanded at its fastest pace in more than a year last month as the global economy picked up and the effect of the deadly Sars virus receded, a Reuters survey released yesterday showed. The headline index in the Reuters/Nomura/JMMA Purchasing
        Reuters  -  68 words
      • Article
        Lock icon Hyundai Corp spun off from group
        99 13 AFP [SEOUL] Hyundai Corp yesterday said that its major shareholders had completely written off their equity as part of a plan to separate the trading company from what was once South Korea's biggest conglomerate. Hyundai Corp said the equity write-off was completed as of
        AFP  -  99 words
    • Article
      Lock icon Morgan, Goldman eye Canary Wharf
      416 13 LONDON They may make joint bid, backed by UK developer's largest shareholder Bloomberg MORGAN Stanley and Goldman Sachs Group Inc, whose real estate funds manage more than US$5O billion of property, said they may make a joint bid for Canary Wharf Group pic, developer of
      Bloomberg  -  416 words
    • Article
      Lock icon Hedge funds' massive buying pushes gold up
      460 15  -  Dealers expect prices to soar above US$400 from US$376 now From Neil Behrmann in London PRECIOUS metals dealers report that there have been unusual purchases of gold by macro hedge funds which actively deal in foreign exchange and bond and equity markets. In
      460 words
    • Article
      Lock icon WTO drug deal to spark competition
      553 15  -  NEWS analysis From Ravi Kanth in Geneva THE landmark agreement to override patent provisions for addressing HIV/Aids, tuberculosis, and malaria in poor countries reached among 146 members of the World Trade Organization on Saturday is expected to result in intense competition among leading generic
      553 words
  • Article
    Lock icon COMMODITIES
    1546 13 SICOM FUTURES Sep J MBD Fibres (Closing prices) RSS 1 (S cents/kg) dost VbIiiwi Open Mont* W» Low Sttt (townts) Interest Oct 03 I ***** T Nov 03 187.75 D«c 03 187.25 Jan/Mar 04 188.25 RSS3(UScMb/kq) Volume Opt* M—H* HW| Low Sttt (tonnes) Interest Oct 03 107.00 5650 Ho*
    1,546 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      157 13 APC Legendary Reliability" American Power Conversion Singapore Pte Ltd ("APC"), a company incorporated under the laws of Singapore, is a fully-owned subsidiary of American Power Conversion Corporation. APC specialises in global, end-to-end infrastructure availability solutions. APC wishes to notify owners of APC products ("Customers") that PSC Engineering Pte Ltd is
      157 words
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  • Article
    Lock icon STOCKS ASIA
    6 14 Transaction date: Sep 1
    6 words
  • Article
    Lock icon KLSE
    4 14 Transaction date:Aug 29
    4 words
  • Article
    Lock icon SGX
    720 14 Transaction date: Sep 1 w a— i ow c^» MBW.Sk 040 icno MM SOi 047 J«0 «no OC 04J 4020 -0000 OOK «H II 100 *0 NO r T*rn »x) lit t«0 <AM OM 050 OTCO «0J» 0*n tamCsnd 2fc I J? I MO <UH H 047 047% C4y0—g>r
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  • Article
    Lock icon BOHDS & WARRANTS
    597 14 BOHDS WARRANTS W LM Ml Cmm bar 'oSc Gmt 'Sol U*» Cif| ut» *m- CHI Ma I— UW 3691 A5TIW*****1 U 1 115 1 16 14 204 9 3697 AcmaltdW*****6 1 1 SO 386 10-50 14 *0? Anttek W*****0 92 15 140 1 33 -1 117 21 3603 Armstrong W040S20
    597 words
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  • Article
    Lock icon SGX MAINBOARD
    15 15 Transaction date: Sep 1 for live prices, log on to wu xisiaonema rketssom
    15 words
  • Article
    Lock icon SGX XTRANET
    70 15 ifff— 5L 0* (Mb Mo SrtW MM MCaa T ""t* Ctmfmjf Sjt. M- rtm imm If S*r Cw m «3 *00 n (OH Diamonds US87S0 ma 2700 (095 IS DJ US Tech US3740 (09? ISMSCI Sporp US5SS «2» VOC (101 ISS*P500 USB270 *50 en tin von uskso I
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  • Article
    Lock icon SGX SESDAQ
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  • Article
    Lock icon GLOB INTERNATIONAL
    314 15 JM? W LM Vol tar IMDM> GrDhr H« firTW MM MCm U» C<*« CiiwpMj fit W- (11 M0I L— »»r S«*«r CV m $3 Itt tl <000 AVJem«g»A2St A1S5 *1 39 156 155 154 155 40 3.4 65 9 333< M01 HK720 265 2.1 7.4 6 *****2 6002
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  • FOCUS enterprise
    • Article, Illustration
      Lock icon Creating new market spaces
      1387 16 Two of Europe's brightest thinkers explain why current ideas about business strategy underestimate the capacity to create new wealth RENEE Mauborgne and W Chan Kim are two of Europe's brightest business thinkers. Based at INSEAD, the leading French business school, their reputation is built around a
      1,387 words
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      510 16 Where to wine, dine and entertain... lyA Worldof&Treats 1 Your annual mooncake festival celebration isn't complete without the detectable mooncakes from Si Chuan Dou Hua Restaurant at Plaza Parkroyal and Top of (JOB Plaza. Prices start from S2B a box of Golden Pandan Lotus Seed Mooncake to $32 for a
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      135 16 J~| ME RI TUS MANDARIN SINGAPORE T Absolutely Chic! pA A Fashion Rendezvous jy/ not to be missed! Wn The latest styles I complemented with J beauty products and 1 accessories of the Jseason. Every Thursday 9.30 pm W Enquiries: 6831 6286 ft Mezzdnne MERITUS MANDARIN t*tli 333 Orchard Road,
      135 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      272 17 Reuters THE Baltic Dry Index fell 7 points to 2265, the Baltic Capesize Index fell 19 points to 3209, the Baltic Panamax Index fell l point to 2054 and the Baltic Handymax Index fell 11 points to *****. Channel Alliance (built 1996) *****8 dwt delivery Fos 29/31 transatlantic
      Reuters  -  272 words
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      Lock icon TRANSPORT STOCKS
      274 17 SGX '000 Sapl ss W- Vol CWT Dstnbution 0.57 0.01 64 ChuanHup 0.45 unch 2499 CHOffehore 0.35 0.02 5214 Cosco Investment .045 0.01 ***** Freight Links 0.08 unch 90 Gl Holdings 0 71 -0.01 1 Jaya Holdings 0.52 0.02 5589 KeppelCarp 5.40 tt15 1974 K1 Venture 0.23 a01
      274 words
    • Article, Illustration
      Lock icon How to fix costs of govt-built ports: Meredith
      483 17  -  If past capital expenditure is factored in, PSA Corp may be incurring losses: Hutchison chief By Beth Jinks [SINGAPORE] PSA Corporation's huge profits could in fact translate to losses if all past capital expenditure and infrastructure costs are taken into account, according
      483 words
    • Article
      Lock icon Hapag-Lloyd, Evergreen chalk up big jump first-half profits
      275 17  -  By Donald Urquhart [SINGAPORE] German box carrier Hapag-Lloyd posted the third highest profit in its 155-year history, reflecting the ongoing recovery in the liner shipping industry. The company saw its operating profit for the first half 2003 climb to 67 million euros
      275 words
    • PORTShots
      • Article
        Lock icon Tanker fire on Volga under control
        120 17 Reuters [MOSCOW] A fire on board an oil tanker on Russia's Volga river has been brought under control, transport ministry officials said yesterday. "The fire has already been localised. The worst is behind us. The fire is dying down," a duty officer for the
        Reuters  -  120 words
      • Article
        Lock icon New intra-Asia service
        63 17 [SINGAPORE] Japan's K Line, Singapore's Pacific International Line and Malaysia's MISC will launch a new intra-Asia service known as the China Straits India service this month. The fixed weekly service will operate six 1,200 TEU vessels will call at Qingdao, Shanghai, Singapore, Port Kelang, Colombo, Karachi, Mundra,
        63 words
      • Article
        Lock icon Tighter security at Aussie ports
        110 17 AP [CANBERRA] Australia is increasing security at 70 ports of entry to combat the risk of terrorist strikes, the federal government said Sunday. Deputy Prime Minister John Anderson said the nation's security measures were constantly being changed to strengthen them and make sure they do
        AP  -  110 words
    • Article
      Lock icon ICTSI may bid for Puerto Rico, Trinidad port deals
      167 17 Bloomberg [MANILA] International Container Terminal Services Inc (ICTSI), the largest Philippine port operator not owned by the government, said it may bid for port contracts in Puerto Rico and Trinidad and Tobago. "As a developer and manager of container terminals, exploring
      Bloomberg  -  167 words
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      Lock icon Jurong to build 2 more ships for Wan Hai
      297 17 [SINGAPORE) Jurong Shipyard has clinched a $110 million contract to build another two container ships for Taiwan's Wan Hai Lines, making the total value of its contract $220 million. The SembCorp Marine subsidiary had in July bagged the first shipbuilding contract
      297 words
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      Lock icon BULLETIN BOARD
      522 17 PEOPLE Maersk Sea land's former Singapore-based Asia managing director, F lemming Ipsen. has been named vice-president of corporate affairs for parent company AP Moller. Mr Ipsen. who steered Maersk through its controversial shift from Singapore to Malaysia's Port of Tanjung Pefepas, has spent the past two years seconded
      522 words
    • SHIPPING news
      • Article, Illustration
        Lock icon Houston channel set to reopen
        539 18 Tropical storm dying down after halting traffic over weekend Bloomberg [NEW YORK] Traffic through the Houston Ship Channel, one of the US'9 busiest waterways, is expected to return to normal after a tropical storm abated. Activity in the channel had been halted as tropical storm
        Bloomberg; FILE PHOTO  -  539 words
      • Article, Illustration
        Lock icon Russian sub sinks, only 1 rescued
        131 18 AP [BARENTS SEA] Russian navy tugboats drift above the K-159 sunken submarine in the Barents Sea, about 3 nautical miles northwest ofKildin Island off the Kola Peninsula, where Russia abuts Norway and Finland, on Sunday. The submarine K-159, which had been decommissioned in 1989,
        AP  -  131 words
      • Article
        Lock icon SHIPPING SCHEDULES INDEX
        3 18
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    • Article
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      4 22 thebusinesstimes A
      4 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        598 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL KARIANGAU EX 2301E J15 A/SIDE 29/09 0600 MAWATANGNGE PV319 J15/16 A/SIDE 29/09 0500 PCESS MANII 05/03 J8 A/SIDE 29/09 0700 SAIPAN HARVE 175T J24/25 A/SIDE 29/09 0300 SANDIDEWA14 134 J3 A/SIDE 29/09 0630 ZIM KOREA 44W J17/18 A/SIDE 29/09
        598 words
      • Article
        Lock icon CONTAINER SCHEDULES
        2 23
        2 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        139 23 Sep 2 Vietnam: National Day. Sep 3 Vietnam: Nat day Hoi. Sep 11 Brazil: Independence Day. South Korea: Harvest Fest Day. Tiatuan/Mid-Autumn Festival. Sep 12 Hong Kong: Day after Mid-Au tumn. Sep Iff Japan: Respect-for-the-Aged. Sep 23 Japan: Autumnal Equinox Day. Sep 24 Brunei: Lailat al Mi'raj. Indonesia:
        139 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        838 23 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices Tor 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
        838 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        528 23 Carton 180 Mm 994.8 0.4 15.4 0.07 31 0.06 Aim 28 Density Hater NsMue AshAlumimum Sediment No above E25 t 0 1 0 0 0 380 Ave 986.5 0.2 U.6 0.05 26 0.01 Cim 380 Mm 992.6 0.5 17.4 0.10 164 0.05 nt/wi »m/m 11/11 mutM
        528 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Top Europe carriers' traffic seen up in Aug
        641 24 BA, Air France, ELM expected to benefit as they ride on US growth Bloomberg [TOULOSE] The best performing European airlines like British Airways, Air France and KLM Royal Dutch Airlines can be expected to report that traffic rose as much as 5
        Bloomberg; AFP  -  641 words
      • Article, Illustration
        Lock icon Some Olympic Air staff to be hired for new carrier
        357 24 AP Bloomberg [ATHENS] Greece plans to rehire about a third of the workers at Olympic Airways for the new airline it is creating to replace the insolvent national carrier before the country hosts next August's 2004 Olympic Games. The new
        AP; Bloomberg  -  357 words
      • Article
        Lock icon Two airlines mulling move from Moscow's main airport
        543 24 Lufthansa, Alitalia may move to rival Domodedovo airport Reuters [MOSCOW] Two major European airlines, fed up with poor service and shabby facilities at Moscow's Sheremetyevo airport, said on Friday they may follow British Airways and move some or all of their flights
        Reuters  -  543 words
      • LOGBook
        • Article
          Lock icon Power outage hits KL airport
          87 24 AP [KUALA LUMPURJ A power outage temporarily blacked out most of Kuala Lumpur Internation£d Airport yesterday, officials said. It was not immediately clear if any flights were delayed. The outage occurred around 10.15 am and lasted for at least an hour, a spokesman for airport
          AP  -  87 words
        • Article
          Lock icon ANA resumes flights to Taipei
          83 24 AP [TOKYO] All Nippon Airways (ANA) began flying to Taipei yesterday for the first time in more than three months following the worldwide scare over the outbreak of severe acute respiratory syndrome, a spokesman said. The Japanese carrier suspended its one daily flight between Taipei
          AP  -  83 words
        • Article
          Lock icon Baiyun airport to be completed in Oct
          84 24 AFP [BEIJING] The new Baiyun International Airport in Guangzhou, one of southern China's gateways to the world, is to be completed by October, state media reported. Much of the infrastructure at the 19.6 biUion-yuan (US$4.l3 bUlion) airport has been completed and passed inspections,
          AFP  -  84 words
      • Article
        Lock icon US airport authority plans US$450m bond sale
        378 24 Funds needed for expansion projects, debt refinancing Bloomberg [NEW YORKJ The Metropolitan Washington Airports Authority, operator of the two biggest airports serving Washington, DC, plans to sell US$45O million in bonds in September for construction projects and debt refinancing. The authority will refinance
        Bloomberg  -  378 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        391 24 UK WTS M)« 6 £J» AIRLMECOOES AA Amenar Aetna(AM.) Af to Ermce (Am At to Mo (AC) AY Feem Oy (FM) AS Atuhj Aetna IAZA) BA Bntsh Aeweys Put/Ac LU Co IBAWI BG Benin Btngooesh Aetna (BSC) Bl RoyD Bnjner Aetna Sdn flnrf (RBA) BO Bomq
        391 words
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      612 18 i 1 |i|m I IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPREBS (SBX) [AUSTRALIA ASIA EXPRESS (AAX) *°I vissa 1 vot iwi 1 std 1 «a 1 w 1 fti f ail' nc OOCLCAUTORMA 72W32 14/04 02/09 03/0* NTI PRIDE 37N OMIT 25/01 27/00 29/ OR 02/09 07/00
      612 words
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      Lock icon Page 18 Advertisements Column 2
      454 18 Lines servtces represented by Mambers of lf» Registry of Members ot the f%Sk£sl Accredited Sh.pp.og Agents, S,n9 P n Singapore Shipping Association Association ULY UNI HUUT /vessel vor eta in eta P. KUNG SPORE Mm Mold Carrier 741 A 03/09 05/09 14/09 Princess Lil 0903 13/09 15/09 24/09 Maid Star
      454 words
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      Lock icon Page 19 Advertisements Column 1
      1086 19 TO USA (SAX SERVICE) VISSIL VOY SIM ETA LAI OAK ML HOU CHI ~COt WOO ATI NTC Aft HOtIAMD 119E 03/09 10/09 22/09 23/09 23/09 23/09 23/09 23/09 26/09 26/09 API ENGUNP 1211 10/09 25/09 29/09 30/09 30/09 30/09 30/09 30/09 03/10 03/10 Aft CANADA 1141 17/09 02/10 06/10 07/10
      1,086 words
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      Lock icon Page 19 Advertisements Column 2
      1715 19 '•NUMOVBIBIKIfM SWWOftK TO BUCK SM VIA POVT SJUf ODESSA (IUUU*) v If If lis conu SHIWM6 pti LT» g88£? SS«~| cSinwMi :nm a HO: **********0N TH; 4114 IOW(MAM) WWMD(D/0) 44MS7M 42U5110/40 I mm* MyAA/« nccirt T/SIMOg *****01S 41U5114/44 I n n.rri JOHOt S OffKk CONVBnONAI *****150 *****70* I RCTY TItWUV
      1,715 words
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      Lock icon Page 19 Advertisements Column 3
      450 19 jeb£l_ ffirnnT nils rus rasa wytTw sk jkt —g \v* Ijfl wwwm jquhi ig yj ZfaHlaTT" GAMttIHUM HOS3 12/9 117/9 11/9 2V» 25/» 27/9 NITWIHUM 14S I lift 11/9 17/9 Imi mm wra lit/f 124/9 2s/» 130/9 2/1014/10 \m\ ihum its 120/9 "Hfl MNS Monk Sotfti (Mow Irasa rasa w
      450 words
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      437 20 er>Cl MA C ENOUIMeS/BOOKIMQ*: *****544 FAX: *****433 l-MAJL: MinMMMiM.cotii.i, UCLIVIMO DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 mum ruinmi 11 rau com ami savw toikst ahmca ann vpsa vot smcAfoti ror kumc lihavm mim mum comuarr Himimfmim 315W M/M W/W 7VM 04/10 14/10 of/10 Hyundai 6*n«al W 1W W SW T37TB H/'.J ?37TC
      437 words
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      Lock icon Page 20 Advertisements Column 2
      462 20 WAN HAI LINES T TO: *****588 FAX: *****163 INTRODUCING^ NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For mora dmtalla, emit HOTLINE: *****388/1800-*****00 rasa vw n m n loi ammm mourn asia express i*u sajud
      462 words
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      Lock icon Page 20 Advertisements Column 3
      606 20 BSfl a MYANMA FIVE STAR UNE "nstrsr vtssa vor sm m pbi rai PAGAN 306W Ot HPA-AN M7W fll IN MALAYSIA: OOtISTtAD SHIPPING AGENCIES Kill: 01-*****300 PKL 01-II7MIOI PIN: M-*****02 BANK UNE (A nr*ki t4 Aadrew Wtk Stripping) I NORTHBOUND TO lUROpi""| V CONIMNER, ROM, MUU t KAVYUFTS VtSSEI SIN
      606 words
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      1201 21 IVfSSIL VOY KHH HKO I SIN I W DXI |Ml DM* IK 1 SI MA TOUBA PCL 8004 SKIP SKIP 10/09 11/09 21/09 22/09 29/09 01/10 UNDAVIA PCL 329 16/09 17/09 20/09 21/09 2S/09 29/09 06/10 06/10 MAN KiRMAN PCL 330 23/09 24/09 27/09 23/09] 05/10 06/10 13/10 15/10 IRAN
      1,201 words
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      10 21 KEEP ABREAST OF MARITIME LEGAL MATTERS IN ■■■miiimiuiniuiiiw EVERY FRIDAY
      10 words
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      Lock icon Page 21 Advertisements Column 3
      520 21 d R1 UK CONTINENT SERVICE Lowing for THOR LOTUS RTM/ATW/BMN/UK/NAN ARCHIMEDES RTM/ATW/BMN/UK/NAN Loads Singapore, E7W. Matoyaa. Indoneaa MIDDLE-EAST SERVICE Loading tor J. FRIEND DBI/ABU/DOH/BRN/DMM/KWT PANORMOS PRIDE DBI/ABU/DOH/BRN/DM M/KWT •Loads Singapore, EjW. Maiaysa. Indoneaa USA SERVICE Loadwigtor PACIFIC EMBOLDEN CAM/NFIVSAV/NOL GIORGOS CAM/NFK/SAV/NOL 'Loads E7W. Malaysia. Indonesia F.E./S.E.A. SERVICES S pore Loading
      520 words
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      788 21 -ffiifl ffli sb jtsaa w. -ESUWM IfilZl M/W M/M PKSUUI lilt 04/oT~ ***** 04/W 01/ M _ULMKM W1 *07/ M Bffi ntu** 10WW M/M 07/ M JMJUUI 1412 ZjKt ZwoZZ nKMHP* 10WW 00/* 00/00 PAC WWTAW mi M/M -ffig PK lANOA mil M/W M/M PACIAMDA 1 032N 10/00 H/M 1113
      788 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      125 23 Ss^SSs^KEi^^SSß^^sssn 120E 7™" B REGIONAL WEATHER^^^^^^SsJ^V FOR 7AM 2 Sep 2003 3BSss§mß^B^ 10S 4^ > Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full c rc,e w/ o line indicates calm or light and variable winds Rain One half fleche represents 5 knots Cloudy Day -One full
      125 words
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