The Business Times, 13 November 2003

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Total Pages: 30
1 30 The Business Times
  • 14 1 MITA (P) 024/03/2003 85$ THE BUSINESS TIMES SINGAPORE iutp://business-times.asial .com.sg THURSDAY, NOVEMBER 13, 2003
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  • 723 1  -  Boon Yang: local market too small for more than one significant player By Kenneth Lim [SINGAPORE] Just weeks after the government said it was rethinking the issue of competition in the rail transport network, it indicated yesterday that it was prepared to
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  • 472 1  - Catering to the trendy, well-heeled and the gay BT exclusive High tea party at Lincoln Modern targeted at gay and lesbian singles and couples a first By Andrea Tan, Daniel Buenas [SINGAPORE] Simon Cheong's Lincoln Modern project has broken new ground for the first time in Singapore, and probably Asia,
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  • 77 1 sn 1,717.36 (+18.41) ST INDEX FUIURES 1,720.00 (+30.00) mm sunset fuiures U 211.70 (+4.60) Wednesday Change KLSECOMP 790,11 -4.97 NIKKEI 225 _I0.226.22 *19.18 HAM] SENG .._l li»71.4W 4214 SET INDEX ***** '5.94 JAKARTA COMP..6I9 87 *2.15 MANILA COMP Mil -20.28 TAIPEI WPI 5.982.75 »JB SEOILCOMP 796.31 *8.54 SHENZHEN B
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  • 84 1 FOREX RATES US$ S$ ISS (S$ per I'SS) 1.733 K|l SS/SS pert) 1.873 2.899 K1R0(ISS/SS'K| 1.157 iW« YEN 1118.7 6270 RM 3.MU0 2.IW H K$ 7.7K4 4.4*0 BAHT 39 95 05 RI'PIAH H.482 4.S95 RENMINBI 8.299 4 789 INDIAN R1 PEE_ 45.33 2*16 AS 1.399 0807 NZ$ 159# 0521
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  • 514 1  -  Deal expected to doable its chain of supermarkets in Singapore By Kalpana Rashiwala [SINGAPORE] Dairy Farm International, which operates the Cold Storage and Giant outlets, is close to sewing up a deal to buy the rival Shop N Save chain,
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  • Page 1 Advertisements
    • 7 1 Price-catting worsened small media market, Pg 2
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    • 83 1 VtiM Idth Anniversary to smile for [SINGAPORE] Minister for National Development Mah Bow Tan joins members of the Real Estate Developers Association of Singapore (Redas) at its 44th anniversary celebrations at the Ritz Carlton last night. From left: Redas president Kwee Liong Keng, Lee Soon Teck, Minister Mah, Lee Chin
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  • NEXT page
    • 569 2  -  But European firms with investments in chemicals put up better showing By Chuang Peck Ming [SINGAPORE] American and Japanese multinational corporations have suffered a big fall in earnings in Singapore, due largely to the global electronics slump. But European MNCs, which invested
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    • 529 2  -  Units costing up to RM2.5m galling well among M'sians From Diana Oon Abdullah in Kuala Lumpur A NUMBER of new highend residential developments around the Kuala Lumpur City Centre are drawing well-heeled Malaysians, who have snapped up units costing RMI.S million to RM2.5 million
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    • 546 2 Want a job? Got a PhD? Sorry don't like your face [BANGKOK] Are you cross-eyed, have a crooked nose or ear lobes shaped like spoons? If so, then you will have a hard time getting a job at Charoen Pokphand Group (CP). This is because the giant agro-in-dustrial conglomerate employs
      546 words
    • 622 2  -  Next move unclear, but purchase of rival seen as one possibility By Wong Wei Kong, Kenneth Lim [SINGAPORE] Now that the ball seems to be in its court, what would investors like Singapore Press Holdings to do with its loss-making television operation? The answer,
      622 words
    • 113 2 Mjr 21,1999: SMRT eyes free publication for commuters. Jmm 5,2000: Then-Mita minister Lee Yock Suan announces go-ahead for SPH to operate up to two free-to-air TV channels and MediaCorp to operate newspaper. MediaCorp unveils Today, a free commuter tabloid targeting $75m revenue in 5 years Jmm 6c SPH
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    • 120 2 March 26,2001: SPH says profit for 6 mths ended Feb 28,2001, fell 8.5% to $204 m because of start-up costs. May 6c Media Works' Chinese-language Channel U is launched. May 20: Media Works launches TV Works, which is later renamed Channel i. Jmm 29c Project Eyeball shuts down
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    • 210 2  -  Compiled by Kenneth Lim Nev 12c Then-SPH exec chairman Lim Kim San says competition is hurting SPH and MediaCorp, and he is open to giving up broadcast if MediaCorp gives up print. "I'm open to any sensible suggestion We are bleeding. Both Streats and Today are bleeding.
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  • Page 2 Advertisements
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  • CORPORATE focus
    • 667 3  -  KUOK S STAKES M'sian Sugar King has been busy sorting out his shareholdings From Eddie Toh in Kuala Lumpur MALAYSIAN billionaire Robert Kuok Hock Nien has been busy revamping his Asian group, but it is still unclear why the "Sugar King" is rearranging his far-flung
      Source: Company,UBS Wartorg  -  667 words
  • Page 3 Advertisements
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  • SINGAPORE companies
    • 464 4  -  Underwriter stack with big chunk of placement shares it bought at $2.32 By Wong Wei Kong SHARES of Neptune Orient Lines (NOL) clawed back some ground yesterday, which must be of some consolation to Credit Suisse First Boston (CSFB) as it emerges
      464 words
    • 296 4  -  From Eddie Toh in Kuala Lumpur MALAYSIA International Shipping Corporation (MISC) has seen a rise in its earnings following the maiden consolidation of its expensive purchase of American Eagle Tankers (AET) from Singapore's Neptune Orient Lines this year. The national liner
      296 words
    • 671 4  -  HOCK lock siew teh hooi ling ON TUESDAY, the share price of Neptune Orient Lines slumped 36 cents, or 14.8 per cent, as investors raced for the exit after the company's $535 million share placement. Since NOL was the second
      671 words
    • 313 5 It saw more patients who flocked back in post-Sars period Bloomberg PARKWAY Holdings, South-east Asia's largest hospital operator by market value, said third-quarter profit more than doubled as people sought medical treatment they had delayed during the Sars outbreak earlier this year. Profit for
      Bloomberg; FILE PHOTO  -  313 words
    • 199 5 Group revenue swells 11%, investment income up 34% Reuters HEALTHCARE and leisure group Haw Par Corp yesterday posted a 27.4 per cent rise in third-quarter net profits due partly to higher dividend income, and said full year profits would be up. The firm, which
      Reuters  -  199 words
    • 211 5  -  It has strong $166m order book to be realised over 4 yrs By Chen Huifen BUOYED by a 90 per cent surge in full-year turnover to $43.9 million, waste and water treatment company Dayen Environmental yesterday posted a more than five-fold jump in
      211 words
    • COMPANY Briefs
      • 99 5 Elec Eltek posts 132% rise in Q1 earnings Reuters SINGAPORE printed circuit board maker Elec Eltek International said yesterday its fiscal first-quarter net profit rose 132 per cent, on stronger demand from the United States and Europe. Elec Eltek said net profit was $9.8 million for the three months to
        Reuters  -  99 words
      • 82 5 MAI NBOARD-LISTED Boustead Singapore, an engineering services and information technology group, said net profit jumped 65 per cent to $6.3 million for the first six months ended Sept 30, fuelled by strong expansion of core businesses. The group said turnover grew
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      • 106 5 THIN SO FT (Holdings) Inc, a Hong Kong-listed unit of Singapore-listed IPC Corporation, has registered a loss of almost HK$l.34 million (*****,800) for the third quarter ended Sept 30. This is despite group turnover surging significantly by 2.5 times to HK$7.O5
        106 words
      • 80 5 SINGAPORE Technologies Engineering (ST Engg) has completed the acquisition of Sichuan Telechoice following the receipt of regulatory approvals. The acquisition was made through Agilis Communication Technologies, a wholly-owned subsidiary of Singapore Technologies Electronics Limited, the electronic arm of ST Engg. Sichuan Telechoice has been
        80 words
      • 95 5 MAINBOARD-LISTED Singpu Chemicals Ltd, the second largest producer of aniline in China and one of the top five chlor-alkali producers in the Jiangsu province, yesterday reported a 40 per cent jump in net profit to $880,000 for the third quarter ended Sept
        95 words
      • 63 5 MAI NBOARD-LISTED Ossia International Limited said net profit improved 132 per cent to $5.5 million for the nine months ended Sept 30 from $2.4 million in the previous corresponding period. Lower administrative expenses, distribution cost and financing expense helped contribute to the profit
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      • 176 5 Bernama [KUALA LUMPUR] Property developer IGB Corporation Bhd has sealed a tripartite agreement to dispose of Mid Valley Megamall to Kris Components Bhd for RM1.03 billion (*****.6 million) for a backdoor listing by the middle 0f2004, IGB's managing director Robert Tan
        Bernama  -  176 words
    • 374 8  -  Selling 3.75m shares in its Philippines subsidiary, it pares its stake to 40% By Tang Weng Fai UARELY a month after spending $339 million to boost its Share of Philippines subsidiary Globe Telecom to 42.7 per .pent, Singapore Telecom has
      374 words
    • 143 8 Bloomberg SINGAPORE Airport Terminal Services (Sats), which moves 80 per cent of cargo at the city's main airport, said it appointed Ng Chin Hwee as its new chief executive officer to take over from January 2004. Mr Ng, a senior vice-president of Singapore Airlines in charge
      Bloomberg  -  143 words
    • 287 8  -  By Chen Huifen SESDAQ-LISTED Esmart Holdings is making a strategic acquisition in China to gain a foothold in the Chinese video surveillance market. A designer and supplier of intermediate products for the electronics industry, Esmart said yesterday it has entered into a deal
      FILE PHOTO  -  287 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 394 5 Save more with UOB Home Loan Zero Interest on Your Mortgage Overdraft for the First Year and Zero Interest on Your Bridging Loan Introducing another first In the market—the UOB Home Loan with zero Interest on your mortgage overdraft and bridging loanl Plua you'll enjoy competitive Intereat ratea on your
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  • SINGAPORE markets
    • Article, Illustration
      613 6  -  Compiled by VEN SREENIVASAN First tiigkiecißig Nov 12 ctaSe 833 cants FIRST Engineering reported a stupendous set of results which saw net income rise a whopping 77.7 per cent to Ss9.B million in IHO4. The main growth drivers came from the HDD and printers segments and these two
      Source: Bloomberg  -  613 words
    • 291 6  -  HOT STOCK WARRANT By Ven Sreenivasan AUSTRALIAN residential property developer A V Jennings' shift away from building contracts to higher value-added property development and land sales is paying off. The Sydney-listed and Clob-quoted company yesterday announced a 91 per cent jump in net profit
      Source: Bloomberg  -  291 words
    • 575 6  -  BT comment STOCKS ven sreenivasan THE market yesterday went through one of its most choppy and volatile sessions, leaving in its wake many badly bruised short sellers. Kicking off from a high of 1,713 points early in the morning, short selling sent the benchmark
      Source: Bloomberg  -  575 words
    • 604 6 Reuters [LONDON] The euro jumped over one per cent against the yen and hit a one-week high against the dollar yesterday as a lack of major US data 90 far this week encouraged investors to take profits on global recovery bets. Growing trade tensions
      Reuters; REUTERS FILE PHOTO  -  604 words
    • TRADES TO WATCH
      • 118 6 PRIVATE investment group 2G Capital continued to up its stake in mainboard-listed Accord Customer Care Solutions yesterday, buying 200,000 shares on the open market at 64 cents apiece. Filings yesterday show Gay Chee Cheong's deemed stake rose to 6.19 per cent from 6.16 and his
        FILE PHOTO  -  118 words
      • 203 6  -  Compiled by KENNETH LIM NOTICES of changes on Tuesday show Technics Group executive director Chang Yeh Hong transferred 1.3 million shares on May 6 this year to nominee's account HL Bank Nominees (S) Pte Ltd, reducing his direct stake to 2.78 per cent from 3.87 per
        Source: Bloomberg  -  203 words
    • Article, Illustration
      406 6 OTHER SINGAPORE INDICES Nov 12 VALUE CLOSE ■TWOS -677.00 +420.00 ■TOW -*****.00 +130.00 BT 10-dqy IHA -*****.00 -68.00 IIMtEpWil 464.62 +4.45 SCI>JIm flirt 171.48 +2.86 <6C<riUMFh 1458.01 +17.44 WfgiMu PI ip 437.46 -0.08 ■KattHiH'i 211. IS +2-58 Stock* Volume Chart SemiCond 26c 63,102,000 NOL 47,714,000 HorizonEduc 5c 38,432,000 ST Assembly
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  • BLUE chips
    • 886 7 After reporting record quarterly earnings, it's ready to go on the hunt again but it will not rush into over-valued acquisitions [SINGAPORE] SOUTH-EAST Asia's largest bank, DBS Group Holdings Ltd, is ready to hit the acquisition trail again after record quarterly earnings, having kept its
      CHRIS LOH  -  886 words
  • Page 7 Advertisements
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  • 50 8 UNIT TRUSTS FUNDS LEGEM* Al price an mdKaOv* acapt far Ex Kinggit Aswti. •roedhr Pivi iifwct I Narrowfy FocuMd; S Lmw RWc Low «o Madhan Mric k Madaan to High RHc Mghar Male opan-andad: Won Mbtfviaon of unit* «M Aflar sufadivtuon a* unrts V aftar saack vM: HA-NonDiaingDay: Boor PncarttO.»lS
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  • Page 8 Advertisements
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  • SINGAPORE news
    • 357 9  -  It doesn't have to seek approval for pricing changes to int'l services by Tang Weng Fai SINGAPORE Telecom won a partial victory from the Infocomm Development Authority (IDA) of Singapore yesterday in its first bid for exemption from dominant licensee obligations in the international
      357 words
    • 130 9 THREE meetings industry figures from Singapore have been commended for their contribution to the Asian travel and tourism industry in 2003. The three Lim Neo Chian (Singapore Tourism Board deputy chairman and chief executive), Robert Guy (managing director of Pacific World) and James Papineau (director
      130 words
    • 307 9  -  It may set up marketing councils in Indian, China By Chen Huifen THE Singapore Tourism Board is considering setting up marketing advisory councils in India and China to study the needs of consumers there. This is in response to one of the many
      307 words
    • 617 11  -  But private sector must be driving force of devt: Mah Bow Tan By Andrea Tan SINGAPORE needs the Business and Financial Centre (BFC) site and the government is willing to take a stake in the mega project through Temaseklinked companies, Minister for
      ARTHUR LEE  -  617 words
    • 66 11 SENIOR Minister Lee Kuan Yew was discharged from the Singapore General Hospital yesterday after "an uneventful" recovery from a prostate operation, the Prime Minister's Office said in a statement. Mr Lee, 80, was admitted for the Trans Urethral Resection of Prostate operation last Thursday. It is
      66 words
    • 155 11 GOVERNMENT agencies have accepted 87 per cent or 700 out ofBos processed of the ideas put forward by the public on how to cut waste in the public service sector. Since launching the Cut Waste Panel on Sept 4, more than 1,200 suggestions
      155 words
    • 607 11  -  BT exclusive It will receive fees for project/retail management services By Kalpana Rashiwala PROPERTY giant CapitaLand is taking over the project and retail development management of the one million sq ft Harbour Front Mall from Mapletree Investments, a unit of Temasek Holdings, sources told BT.
      607 words
  • Page 9 Advertisements
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    • 78 9 J IDD Roaming /Roam 4 Free (INCLUSIVE MOBILE PACKAGES) SAVE UP TO 80% OFF YOUR IDD BILLS! J CALL: *****515; Corporate Users Only) Telcom United (S) Pte Ltd L J Everywhere under the sun. I fWhen people go to work, they shouldn't have to leave their hearts at home." Betty
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  • EXECUTIVE suite
    • 438 10  -  Freehold land is next to a site on which KepLand plans to develop a condo By Kalpana Rashiwala KEPPEL Land has bagged a 75,950 square foot freehold site fronting Keng Lee and Suffolk roads. It is right next to a site KepLand already
      438 words
    • 584 10 Analysts don't see a solid turnaround despite the mild pick-up in prices AP [HONG KONG] The number of Hong Kong people paying off mortgages costing more than the market value of their homes has fallen off its recent record, but that
      AP; AFP  -  584 words
    • 114 10 [HONG KONG] Large-scale foreign investment in Hong Kong's residential market has shown signs of a revival after a Taiwan company bought 10 luxury homes in Stanley for HK$36O million (5580.4 million), the South China Morning Post said. Donald Fan Tung, a
      114 words
  • Page 10 Advertisements
    • 98 10 Mt Emily Road Residential Site For Sale J/ Land area approx. 173I 73 913 sq n Freehold P,ot ratio 2,1 X HBPISS 5 minutes walk to MRT station W\\ c,ose t0 Margaret's I /o> Primary School s* b Tender closing r 21 November 2003 at 3pm m Contact: 6224 8181
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    • 166 10 msßsmm A 11 W9. |*h I A B •J A y f Yj-T? I Mil SH 4? < ;Wr vi4%-IKiSlwAv iH H■ M■ HB M Sotogrande, Europe's leading luxury and self- Luxury units range from 2to 4 bedrooms with contained resort, is set amidst 2,000 hectares superb views near the
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  • Page 11 Advertisements
    • 232 11 {mng chUdcare 1 Call our CATS, hotline at 1800-289-9988. Buy it mil Find it o oREFCO PRIVATE CLIENTS DIVISION The beneficial properties of the dimple were first discovered by a player over a hundred years ago- He shrewdly noted that a scratched golf ball traveled much further than a smooth
      232 words

  • EDITORIAL & opinion
    • 779 12  -  THE bottom line OPINION robert samuelson THE Bush administration constantly reminds Americans that the economic recovery is gathering strength. Well, now the White House has a chance to prove that it believes what it says. The World Trade Organization (WTO) ruled on
      779 words
    • 58 12 'The idea of some American security advisers that perhaps we should shut the whole of central London for three days, ignoring the economic consequences of that I don't think that's got a chance at all.' -Ken Livingstone London's mayor, on a shutdown of the British city during
      58 words
    • 584 12 EDITORIAL IS a military coup or a "people's power" revolt to overthrow the Arroyo administration in the offing in Manila? Whatever happens next, the solution to the ills that dog the Philippines these days unfettered corruption and unprincipled politicians lies not in more upheaval. Another unconstitutional revolt,
      584 words
    • 1392 12  -  Sunday's general election result showed that he is something of a fallen idol with the public and he never was a hero within his own party From Anthony Rowley in Tokyo JAPAN'S Lower House elections on Sunday produced what some see as the
      REUTERS  -  1,392 words
  • Page 12 Miscellaneous
    • 260 12 CRYPTIC CROSSWORD 1 Woods with warning on sec4 ...while taking wood adnv- 9 Bats inside silly point (6) L|||^ 10 Type of relationship with 11 Key opening top drawer... (6) ...for bureaux antiques incorporating nice renovation are on the phone (6) 26 Given a draught beer follow- L_J——L_i—— ing a
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  • REGIONAL news
    • 372 13  -  Applications worth RM22.3b received in first nine months, more than all of'02 From Diana Oon Abdullah in Kuala Lumpur FOREIGNERS are continuing to show an interest in investing in Malaysia's manufacturing industry, with third-quarter investment data showing an increase in both applications
      372 words
    • 309 13 BANGKOK Reuters MALAYSIAN no-frills carrier Air Asia said yesterday it is still looking for new partners despite setting up a budget airline joint venture with Thailand's largest telecoms group, Shin Corp. Chief executive Tony Fernandes said Air Asia was seeking business opportunities with
      Reuters  -  309 words
    • NOTE Book
      • 83 13 Reuters (KUALA LUMPUR] Telekom Malaysia Bhd will delay by another two weeks the launch of its RMI.S billion (Ss6B4 million) bonds, the first tranche of a larger planned issue, sources close to the deal said yesterday. The sources did not give any reasons, but
        Reuters  -  83 words
      • 103 13 Reuters [SINGAPORE] A contract to ship one pa namax-sized Chinese corn cargo to Malaysia has been cancelled after the seller found it difficult to source the material from the Asian supplier, traders said yesterday. The contract was for November shipment. "The seller had real
        Reuters  -  103 words
      • 73 13 Reuters [BEIJING] Actual foreign direct investment in China plunged more than a third in October from a year earlier though pledges for future investment remained strong, data showed yesterday. China drew U553.36 billion in actual investment in October, down 84 per cent from
        Reuters  -  73 words
      • 116 13 Reuters [BEIJING] China will keep interest rates stable, a senior central bank official was quoted yesterday as saying, despite concerns of possible economic overheating. "Both deposit and lending rates should be kept basically stable," the China Securities Journal quoted Xie Ping, head of the
        Reuters  -  116 words
    • 419 13 KUALA LUMPUR Transport chief warns countries could cut palm oil imports from Malaysia AP MALAYSIA fears that India and China may retaliate over a government decision to break preliminary agreements with Chinese and Indian firms to build a major railway project in the Southeast
      AP; NSTP  -  419 words
    • 165 14 Reuters [BEIJING] China Is to allow its newly rich to own their own aircraft, state media and officials said yesterday. "As people's incomes rise, private pilots' licences will be as popular as driving licences in China," Zhang Rongwei, an official
      Reuters  -  165 words
    • 368 14  -  It has only to pass fit and proper test by Bank Indonesia, says Ibra chairman Fron Shoeb Kagda in Jakarta TWO weeks after being picked as the preferred bidder for Bank Internasional Indonesia (BII), Sorak Financial Holdings is just one step away from
      368 words
    • 610 14  -  From Shoeb Kagda in Jakarta INDONESIA'S Bank Dana mm is in the midst of finalising a new business strategy that will position the bank as a major retail and corporate player, said its vice-president director Emirsyah Satar. Speaking to BT yesterday, Mr Satar said
      610 words
  • Page 13 Advertisements
    • 42 13 When you have to I share financial results securely worldwide, review projects with customers, H trafcftlifregional sales team cost-efficiently, H conduct a product launch across Asia Pacific, I Sing Tel World Conference DVV I >iwsecuredtand cost-effective way m m «K>b. jd M
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  • Page 14 Advertisements
    • 511 14 tsJepew Land of Rising Opportunities :> I Doing Butlntw In Japan Seminar 1 Japan*** Local Oav*rnm*nt lhowc«w November 27,2003 (Thursday) Meritus Mandarin Hotel, 4th Floor, Mandarin Court Registration: 8.30 am for Seminar Admission: By registration on first-come-first-served basis Organisers: JETRO Singapore, Japan Local Authorities Representative offices, International Enterprise Singapore, Singapore
      511 words
    • 582 14 \M jfc k, adwrttocaflttll-lw* If Bath r—B» //*7# Goldtron Limited (Incorporeal m Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fortieth Annual General Mooting of Goldtron Limited (The Compeny") w# be held at 53 Übi Road 1, Singapore *****6 on Friday, 28 November 2003 at 2.30
      582 words
    • 211 14 DRO9OPMLA EMTERPRBE PTE LTD (MEMBERS' VOLUNTARY UQUIOATON) NOTICE is hereby given that at an extraordinary general meeting duly convened and held on 12th November 2003. the following special resolutions were passedRESOLVED that fte Company be wound up voluniariypmuant to Section 290(1 Kb) of the Companies Act Cap. SO and that
      211 words

  • REGION world
    • 329 15 BEIJING Ex-president of govt-backed firm allegedly helped to ramp tip Dongfang Electronics price A CHINESE businessman who once ran a major company that was backed by the Finance Ministry has gone on trial on charges he helped rig stock prices, official media said yesterday.
      329 words
    • 218 15 NEW YORK Bloomberg TOYOTA Motor Corp passed rival Ford Motor Co as the world's second-largest automaker during the first half of Toyota's latest fiscal year. The Japanese carmaker's global sales exceeded Ford's by 43,000 vehicles. Toyota sold 3.17 million vehicles during
      Bloomberg  -  218 words
    • 404 15  -  IIF chief says leading banks have turned the corner From Anthony Rowley in Tokyo JAPAN'S leading banks are "rebuilding their international credibility" and some of them are likely to re-es-tablish a global presence within the next few years, in the view of
      BLOOMBERG  -  404 words
  • Page 15 Advertisements
    • 23 15 Recruit the one you want for any position you have Call U9O 289 9922 or email iifirtfQijjft fffffl Tjf for your recruitment solutions
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    • 181 15 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of LEE SERVICE CONSTRUCTION PTE LTD (In Provisional Liquidation) NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap.
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  • WORLD news
    • 325 16 FRANKFURT Analysts say move to dean up balance sheet makes it attractive target Reuters. Bloomberg COMMERZBANK AG will tap investors for over 750 million euros (Ssl.s billion) and write down investments by 2.3 billion euros, moves banking experts said may make it an
      Reuters.; Bloomberg  -  325 words
    • 410 16 SAN JOSE, California Reuters, Bloomberg CISCO Systems shareholders on Tuesday rejected a proposal by a group of religious investors to require the company to disclose the disparity between its highest and lowest-paid employees around the world. While receiving only 9 per cent
      Reuters,; Bloomberg  -  410 words
    • WORLD Watch
      • 88 16 Bloomberg [LONDON] The global market for derivatives traded outside exchanges grew 20 percent toarccordP3sl7o trillion in the first half of the yeai. Contracts pegged to Interest rates led the increase, the gankfcr International Settlements sakL The market ftir derivatives, contracts based cnundarlytacaMtß, is more
        Bloomberg  -  88 words
      • 104 16 Reuters [LONDON] Canary Wharf founder Paulßetehnuum and Canadian grocyßraacanyestei day stepped up their campaigns to buy the British property firm as a rival £1.5 billion (554.3 billion) offer was rebooted. Mr Reichmann said he would temporarily stand aside as chairman of Canary Wharf! Yesterday the company
        Reuters  -  104 words
      • 90 16 [NEW YORK] Fannie Mae, the biggest US mortgage finance provider, wants to tap the large pool of private wealth in Asia, in an effort to meet rising demand for low-cost housing at home, the Financial Times said. Linda Knight, senior vice-president and treasurer,
        90 words
    • 356 18 NEWYORK Seed says 5 firms under probe must pay beck investors NEW York Stock Exchange interim chairman John Reed has proposed that the specialist floor-trading Arms who have been accused of violating trading rules compensate investors through a "superfund". In an interview with the
      AFP  -  356 words
    • 309 18 LONDON They are adopting absolute retain strategies in the face of stock market slump Reuters PENSION funds, endowments and corporations are pumping increasing amounts of money into hedge funds and allocations are expected to continue growing over the next two years, says a report
      Reuters  -  309 words
  • Page 16 Advertisements
    • 1896 16 gjjy\ Hua Kok International Ltd Notice of Annual General Meeting 0 IS H NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of Hua Kok International Ltd will be held at 32 Sungei Kadut Way, Singapore *****7 on Friday, the 28* day of November 2003 at 3.00 p.m. for
      1,896 words
    • 170 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ROSWELL ENGINEERING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of members of the abovenomed Company
      170 words
    • 444 16 THE COMPANIES ACT. (CAP. M) SOON LOONG PTE LTD (h Vol. LlpliHn) NOTICE IS HERESY GIVEN that the creditors of the abovv-nanwd Company which is being voluntarily wound up are required on or before the 15m day of December. 2003 to send in their* names and addresses wtth particulars of
      444 words
    • 95 16 JosECarreras CONCERT UNDER THE SfARS Invite your diente, friends and family now for this end of year once in a Ifetime evening not to be missed! Singapore Padang Wednesday, 26 November 2003, B.oopm $49 $89 $159 $199 HSBC's credit cardholders enjoy 10% off ticket prices BOOK NOW! 6725 9923-24-25 www.M2us.com
      95 words

  • 6 17 Transaction date: Nov 12
    6 words
  • 64 17 SMft M UM Wri Day lt»Mi 6fM> Mr MM Mat mem m+imi Cm* <:■■>■> Ml W- fl I— Mhr Cw HI l3 1710 «0B Dtamondi USJOCOcd 2130 5750 3740 6095 ISDJUSTtdi UBM M7 BMXlkM USB i 6101 BMKOO 17SC270 *50 9650 6170 SfOKS US9650 1(16 1230 6235 ST1ETF100
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  • 1812 17 524* M Laat M Day IIQmH Mfcr Mr fctW MM MCae 19# U» Cade C—p—> Ml W- f9M> I— l»» CV W lit X 73 SOOO AMHUgiSc 1(3 l«h It US 115 II 19.5 JU 42 125 2101 APOiSc 295 -05 *2 303 29 29 295 21 N2i
    1,812 words
  • 286 17 shr m M 1M Day liotj *1 c»4> Cj—mm* I* am w» t— »<«■ Cw W »a IB »1 6000 AVJanrwigi A2Sc AlJOcd *7 «M 1»3 IK HO HI 40 M 5J 7J 4JU 6001 CJthay Pk20c HK720 2.1 M C M*2 6003 Cheung KongSOc MK1700 J H
    286 words
  • Page 17 Advertisements
    • 132 17 Innovative Fl-styte ABS System vw«tn OZoneClmate H M PQW"V» y x „aA*< k Paddle Gearshift Electronic Brake CorWol System Twin Spartt Enone m A V .HiV Distributor Bose Htfi System •O-lOOkryh 3 3d|l"IBCl m tO|°' of jUSt^ B Enhanced safetywitti LtMJhoustoMhardad In 8.8 sees msta\m eru ASRandvoc m I .«»<»«*
      132 words

  • Article, Illustration
    847 18 Transaction date: Nov 12 omiiinawMW i—" K AMtm* am m® u» *Mmm un 2* -feuur 3M* L» «DI &W MK mw 0*7 171 jCmft UM UP Mil W SUM «#M MP V7. W 4tM3 42.09 UtfUW UM 2MM 1MB MM 170 OHM OJt in v »W ftW IHH •"*<#*
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  • 1198 18 ilOOM niTMMI Nov 12 gs as is as BS3<8«*Ai> totoM OfM WmO J«* U» Sett MM) tatamt nc« -V M 27o|; J»04 0123 ***** CMS (775 4025 MM ***** ***** ***** 1075 3975 M*04 124.50 119JO ***** 1055 4075 TSttOflfta**) VMM* Opw Hud $5 dm?* 1!rTaFaia~rl NO 04 122J0
    1,198 words

  • 6 19 Transaction date: Nov 12
    6 words
  • 5 19 Transaction date: Nov 12
    5 words
  • 277 19 Pransaction date: Nov 12 jg gr* jg jj| S S5S a i? Isjs* 3 jf jj§ is i Z s-il > =k a f-s 23 ansa s s? as sag w- «.r s M «IP JMJJ HMMM 4MJW «*> *5* Cmm taw MB >MN Ml U» W tm *«.ja
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  • 525 19 BONDS WARRANTS M UM M Cam fear TS taar *3*1 fa C m—, «<r- WW. Met UW Ml AST1W*****1 -25 2 74 1 1 w AmiMWMim 1 so ma mo 12 KB AnNkWOKKIO "5 -1 1 33 -3 133 *03 AmWrongW*****0 1 10 14 231 6 3609 louMdVmOn «i 3
    525 words
  • Page 19 Advertisements

  • Page 20 Advertisements
  • BIZIT
    • 516 20  -  IT comment INFOTECH The 1Gbps network may not be the fastest but it's what it can do that counts tang weng fai SINGAPORE'S fastest computer network for connecting research institutes here was launched early this month at a low-key event at the Institute of
      516 words
    • 485 20 Chip makers keeping stock levels low while on the lookout for year-end demand Bloomberg [SEoULl Prices of the most widely used computer-mem-ory chips fell as computer makers and chip traders kept inventory levels low while waiting for signs of year-end holiday demand, a
      Bloomberg  -  485 words
    • 289 20 Bloomberg [TOKYO] Sony Corp, the world's second-biggest consumer electronics maker, will begin selling three new versions of its Vaio computers by next month in Japan to help win market share and raise profits. One of the new computers will go on
      Bloomberg; AFP  -  289 words
    • 675 22  -  BT exclusive Intentia will set up a modification centre and university campus here next year with the aim of growing its Asian revenues from S'pore, its president and CEO tells Raju Chellam Raju Chellam SWEDEN'S leading software firm, Intentia International AB, has big plans for Asia with Singapore
      675 words
    • 492 22  -  By Amit Roy Choudhury FUJITSU has lined up some good-looking models for mobile warriors this winter. Yesterday it previewed its Winter 2003 collection in this tropical city, launching the Lifeßook ***** ultraportable notebook PC and the LOOX 610 high-end personal digital assistant (PDA). Waiting in
      492 words

  • Page 21 Advertisements
    • 815 21 MroJIH^^MWMIMI^WIii^WMIBM KSV H C f t A Businesses have a lot on their IT plate proach that best suit these unpredict- structure solution for e-business. Built customers. It also collaborates with nunowadays. They need to expose their able times (and ROI-conscious CEOs!). upon the Java 2 Enterprise Edition (I2EE) merous
      815 words

  • Page 22 Advertisements
    • 140 22 This is on demand business. Where companies focus on their core competencies and use strategic partners with the relevant experience and expertise to handle everything else. Less time spent managing the administrative details of the payroll, or the complexities of IT, means more time spent with customers. By concentrating on
      140 words

  • SHIPPING TIMES
    • 243 23 Reuters THE Baltic Dry Index fell 31 points to 4,243, the Baltic Capesize Index fell 53 points to 6,376, the Baltic Panamax Index fell 26 points to 3,878 and the Baltic Handymax Index fell 116 points to 2,2309. Heythrop (built 1996) 1(5729dwt delivery March in d/c 11/13 months
      Reuters  -  243 words
    • 226 23 fscx m >»B g WCHOMnrc OJ6 0u02 3661 ChuanHUp OSO 0.01 2416 Conn III.—nui—039 aoi ***** OWTOBtttlutton OS6 -001 45 EaaHMte 090 0.01 1196 Fraiditaiks 010 001 2511 QBHoMnai 067 001 28 jMllcMngi 0.79 003 9(25 KlVtnhm —022 -001 2348 bMlCn 5.75 OIS 1490 Ufcwll—>■ 052 002 *****
      226 words
    • 626 23  -  But fending method agreeable to users and Straits states remains elusive By Donald Urquhart [SINGAPORE] While Singapore supports the concept of international cooperation in maintaining the Malacca and Singapore Straits, the creation of a funding mechanism still faces numerous obstacles. The ongoing issue of
      FILE PHOTO  -  626 words
    • 57 23 SURABAYA, East Java] Smoke billowsfivmmv Karunia Laut-1 after it was blasted by an Indonesiap Navy patrol boat off Surabaya, East Java, on Tuesday. The trawler was destroyed after the Thai crewmenon board were arrested for poachingfish in the waters north qffßawean island in eastern Indonesia. lUegalfishing costs
      AP  -  57 words
    • 259 23 [SINGAPORE] Against the alarming backdrop of increasing and more violent pirate attacks in regional waters, Singapore has called for continuing "strong action" by littoral states along with international cooperation in fighting the scourge. Addressing the opening of the marine defence exhibition, Imdex Asia, on
      259 words
    • 72 23 [ISTANBUL] Georgia-flagged freighter Svatcry Panteleymon is split into two after it ran aground off the coast ofAnadotufeneri, Turkey. The 171-metre freighter drifted in bad weather in Istanbul's Bosporus before running aground near the Black Sea late on Monday. The 25 personnel on board were rescued before the freighter
      AP  -  72 words
    • 539 23 AFP SNDON] The devastation Bed by the sinking of the £er Prestige off Spain a r ago has sparked a ma-re-think on compensation for oil spill victims, and the money available has increased more than five times. The leaking erf more than
      AFP  -  539 words
    • 679 24  -  NEWBUILDS By David Hughes Building slots for large vessels for delivery before 2006 are becoming almost as rare as hen's teeth. At the same time, demand for large container ships and LNG (liquefied natural gas) carriers appears to show little sign of abating.
      FILE PHOTO  -  679 words
    • 3 24
      3 words
    • 3 28 thebusinesstimes
      3 words
    • SHIPS IN PORT
      • 357 29 V—I Voy Wo Mfth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E3261 J3 A/SIDE 13/11 0030 CEC PIONEER 9578 J15/16 A/SIDE 13/*****0 DELMASBOUGA 402W J17/18 A/SIDE 13/*****0 LABROY158 EBLS29A J5 A/SIDE 13/*****0 MARC0P0L072 07/03J J3 A/SIDE 13/11 0630 PHAGUNG JBN02 J5 A/SIDE 13/11 0300 UNIPLUS 0321 J9 A/SIDE 13/11
        357 words
      • 2 29
        2 words
      • 4 29
        4 words
      • 131 29 Mow 25 Singapore: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Dm B Thailand: King's Birthday. Dw 10 Thailand: Constitution Day. Dw 23 Japan: Emperor's Birthday. Dm 25 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas Day.
        131 words
      • 771 29 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 baaed on averagesized stem Market movements are indi ca ted The Cockett Bunker Price Index change and
        771 words
    • AIR & LAND transport
      • 612 30  -  Asian low-cost airlines can replicate Europe's success, says industry cooperative Reports by Beth Jinks [SINGAPORE] Low cost airlines in Asia could easily replicate the enormous success of Europe's Ryan Air and easy Jet, the US' Southwest Airlines, according to the head of Sita SC,
        BETH JINKS  -  612 words
      • 159 30 [SINGAPORE] Using your own handphone to send and receive SMS while flying is less than a year away, according to air telecommunications leader Sita SC. While airlines have snapped up existing technology that allows air passengers to make and now receive—calls
        159 words
      • 278 30 Reuters [LONDON] British airline pilots said that issuing identity cards to some 180,000 workers at the country's airports was a better security measure than using armed sky marshals. The cards could be the first step towards a national identity card being
        Reuters  -  278 words
      • 650 30 Strong baht and passenger demand seen lifting its earnings to highest in 43 years Reuters [BANGKOK] National carrier Thai Airways International is expected to report record profits for the year ended Sept 30 due to a strong baht and passengers returning in
        Reuters; FILE PHOTO  -  650 words
      • Article, Illustration
        57 30 [NADI, Fiji] Passengers are seen through the windows of an Air Pacific Boeing 747-400 series aircraftfeaturing a mural of idyllic Castaway Island in the Mamanuca group, at Fiji's International Airport in Nadl Since the Bali bombings on Oct 12,2002, tourism has overtaken sugar cane as the South Pacific
        ATP  -  57 words
      • 223 30 Mm*teats M. Mux Attorn (AAL) Af to fan(#*) AI *rt+(MQ.*Y fmmO,<m>.AZ mm *tm(AZAI M (BM) BQBmmßmiHmti**m(MC) atnoo >—<ii»s>wnm««>wiiww (tOU) m fVAAnmpCnrpn(FVA).CA*ramm /CCA). cr tomncm IMMMa (OS), a CAmtotmsUHCAL) CSMU* BMW.IKim (Y Cvpoto/Ww MMH SAM. at CM* PM*ctowmsLX(CPA).CZQmiSuu6mnArtms (CStO. KMMmsHMU. EKbmtmtofWE). Ft fmm *fm"t Caw (FOX). MtotW
        223 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 675 24 ■■BnHHaii^^BBBSBBSi^^HHH I IMPORT I NORThj AMERICA AUST*AUA/NEW ZEALAND nmnn wirTTTF nrmpw awpo iMjuwyjwii AUSTRALIA AWA FXPRFffS u^Q wssa W IS! SM m y fim POOMMIOTOIOM 34W43 29/11 14/11 11/11 _VBSII ¥OT 1 STO 08. Mi 111 MM PM OOdCMMMM 74*44 u/,, n/ 2J/11 POO MMIOTO MBAM 7M OMT 43/11 M/
      675 words
    • 367 24 linw k wrvicM lyrtid by |Ba>|,' l yu.A.IW„»Q»»»Ii. jayhwi N*Singapof* Sliyptng Aaooafan A^oootoon a——— f ttssa. YOY Ett Ett ffl A r.tum store am EmorMsLily 0603 18/11 20/11 29/11 Maid Carrier 743 A 29/11 01/12 10/12 Princ*M lily 1103 08/12 10/12 19/12 Maid Star SUA 18/12 20/12 29/12 VII I
      367 words

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    • 872 25 rousAcsAxsaviq) Ivtssa vot Iswrot lux|oa m hou cm cot mm an mrc m sweat till if/11 m/ii 00/n w/11 fiflf w/11 w/11 w/11 11/11 11/11 m.m\rm mi m/h 11/11 is/11 u/11 u/11 u/11 u/11 u/11 u/ii if/11 II |Aft CANADA I lIH It/11 2S/12 71/1? 1 W/11 IWU V!/1? vi/U
      872 words
    • 819 25 GBMUlMans■ BNMH: NMMBtIHI UU/M IB:MNSaS7/4l NUL UNUII/M COSTAR SIIPPIM PTK LTD mmmmm «w»wj wkm rauns/n a nktmiwiwi mwuvoi mww uann/w T nmm MMsns unsiu/N lowrsama; rawi—n mmmm tmtm CHMMMBnnM HL (7-lSniM ML MWI MONTHLY CONTAINERISED SERVICE TO SOUTH PACIFIC ISLAND OF mrm imqd [PAPggmi p&ffiHifllJ I. MALAYSIA AGOTS (COtfUMB SOVKZ)
      819 words
    • 349 25 rasa lS^rsPi^nlG fk&iu 3iM I li/ji Iltfii uA) ?Sni w/jt w/ii fhwtog ~BIT aAi m~ |yg«BIKnHUIBSI323II I 2S/11 124/11 121/11 I 02/11 104/12 1 04/121 «MPTMAMC ¥tk I 17/11 I lf/11 Ihouk lii* iRZnJn/*****/*****/121 1V1211V121 nmrnxs. 0® Ikn I wn Tfac*«M >■*>—>■» a* Ibo lug I WBIBMOOI POSE 14/*****/*****/11 2VII
      349 words

  • Page 26 Advertisements
    • 426 26 life 181 s I 1 1111 ITiaH ■iNHiMHt oMMMMMii ttMB Imm vov siQAfotf im** aowtovu Romm pom momaichott 1 mouw fctt a -m —m —U ~:~W Bf-; Ml hw— I W»t«fc 07/1? 30/1 03/01 04/01 W*» 1V»I !4»! lldj— at» I <ow I is/11 «7*i i«/»i n/»i I h/»i I
      426 words
    • 47 26 Bvessr |mo|wa mn |mull |ao J MwNttroL&y HP iyii I wii wa Mi^wvn^w M 4 iifn ant ant "MM Mstobus ww wis I n/n i»ti iwM SCHCDULID SAILINGS TO I COLOMBO I TIMBER, BREAKBUU A PROJECT CARGO Smmk U&mmi SUpptag AftadM h» M W:ttllivinc422o44M/422Q7979 hrtfahf MMIB CHMVUMSAM
      47 words
    • 534 26 WANHAJLINES >-mt v 1 1588/ J i *7y NORTRANS SHIPPING AOENCIKS A/IJnTRANS Infl Iwiiwu Pork NS-05 Actr lido Tsww B *****23 -M V "VMII 1,*****1799 Fox: *****005 Teloa: R*****1 vsi VOT SM m m 101 or? iououng asu amiss iha siu saub ib/ii n/11 i«/n N7I 17/11 19/11 Ml 31/11
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    • 219 26 i BSA a. MYANMA n FIVE STAR UNE (IMMT NSHMNI UM) UfegfarYagn vosa vor sa m m m mm »m ss VMS WW as M SAUTSUL MVSTIAft SMPPSK ASBKXS UL W-Jl4l7J* PH.- U-II7MIM PMfc M-MIMM ACCEPT!— CtfVtiTlfiAl Ct vosa vor «s sa p«i pa nc Ksrreamß s su su su
      219 words

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    • 759 27 Ivttta. ~gg kww gg I«w Iha I pxi IMi |dow> ~BBc ■AN LOMSTAN KL Mil SKV KV 11/11 30/11 30/11 01/13 06/12 06/12 ■AN SAJTAK KL Mil SKV SKff 24/11 13/11 03/12 04/13 10/13 13/13 CAM HMO PCL -Ml 3 SKf HOP 36/11 3S/11 OS/13 06/13 13/13 14/13 ■AN LOMSIAN
      759 words
    • 537 27 i RSM k UK CONTINENT SERVICE Loading lor GOKCAN RTM/ATW/BMNAJK/NAN KALMA RTM/ATW/BMN/UK/NAN Loodi E/W. MM*|Mo. mdonwd MIDDLE-EAST SERVICE Loodngtar J FRIEND DBi/ABU/DOH/BRN/DMM/KWT RAVENA Oet/ABU/DOH/BRN/DMM/KWT J SAFE AON/HDO/JDH toads Singapore. EVW Indonaaia USA SERVKE Loadbigtor SEABEE CAM/NFK/SAV/NOL •Loodi E7W. Matayaia. Indonaaio F.E./S.E.A. SERVICES S'poi* Loadbigtar ORCHID INC/BSN J SPRING INC/BSN •Loeds
      537 words
    • 495 27 jsia JffiL m m— jtssß m _jS_!s__ —as —m —m- aah -gsa II —M —fflE aaa, —aw—mririim mil uzn 11/11 ■HHHFFffinrfflffVmßHHH g gffi 1H- ivijMM BBS 1 M IJLJjjJ EeEe*** SiiPlnE^ vpsa m 81 CMQITU Mtfg MB «E=-I—^^==^^l= 11/11 ii/ii 1 w 1 1 tas±gSLL tl.jM in 1 6737 7495
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  • Page 29 Miscellaneous
    • 119 29 BBBBBSBBBBBBBBBBBBBBBEBHIIBBBfc 1 ML -JVC I FOR 7AM 13 Nov 2003 B ffwi Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds Rain -"—One half flee he represents 5 knots Cloudy Day —One full fleche represents 10
      119 words