The Business Times, 20 November 2003

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Total Pages: 26
1 26 The Business Times
  • 16 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE internet- I-ttp '/business-times.asial com.sg THURSDAY. NOVEMBER 20. 2003
    16 words
  • 477 1 Up to 47 arrested for alleged forex scams; JP Morgan Chase and ÜBS staff among those held AFP, Bloomberg [NEW YORK] Criminal charges were filed against 47 traders after FBI agents swooped down on Wall Street in a crackdown on allegedly
    AFP,; Bloomberg  -  477 words
  • 799 1  -  BT exclusive Economists cite weak growth momentum, low inflation By Siow Li Sen [SINGAPORE] Bankers and economists believe Singapore interest rates are not poised to move up any time soon, contrary to reports that the global economic recovery is putting upward
    Source: Bloomberg  -  799 words
  • 938 1  -  DBS Bank wins the first Best Managed Board award By Wong Wei Kong [SINGAPORE] What really counts is not how many independent directors a company has but their quality and ability to question and advise management. Acting Minister for Education Tharman Shanmugaratnam told
    Photo: ARTHUR LEE; ARTHUR LEE  -  938 words
  • 71 1 □an 1,677.36 (-31.03) □ST INDEX FUTURES 1,670.00 (-26.00) SNDISCI FUTURES ***** (-3.20) Wednesday Change KLSECOMP ***** 1622 NIKKEI 225 9.614.611 -2X145 HANG SENG __11,872.99 -***** SET INDEX ***** -17.72 JAKARTA COMP 601.94 .1.85 MANILA 0OMP MI8.1I 9.73 TAIPEI WPI .5.865.51 71.96 SBWJLOOMP 771.70 2917 SHENZHEN B ___***** *3.46 AliSTALLORD
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  • 75 1 FOREX RATES uss s$ l'SS(S$perl S$) 1.713 £(rs$/s$ per 1.702 1916 mtOfl S&/SS/E). 1195 ±0*8 YEN 10W. I 63.10 KM 3.800 1218 HK$ 7.756 4 526 BAHT 39.91 2319 RI'PIAH M73 4345 RENMINBI 8.298 4.R43 INDIAN RUPEE 45.56 26.59 AS 1.384 0.808 NTS 1572 0917 PRIME RATES SINGAPORE* MALAYSIA
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  • NEXT page
    • 566 2  -  It will help Chinese companies setting up businesses in Singapore From Loh Hui Yin in Beijing PRIME Minister Goh Chok Tong has said that while the governments of China and Singapore enjoy close relations, interaction between the two countries' business communities must
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    • 840 2  -  NEWS analysis US officials believe a minor trade spat with China will help score points with voters, says Leon Hadar in Washington Leon Hadar THE announcement by the Bush administration that it was considering a plan to limit Chinese textile imports indicates that
      840 words
    • 433 2  -  By Ven Sreenivasan [SINGAPORE] Without concessionary rates, Changi Airport may out of reach for Air Asia, but the Malaysian budget carrier is now targeting the cheaper Seletar Airport. Chief executive Tony Fernandes said yesterday that Seletar would be the answer if it were upgraded to
      433 words
  • Page 2 Advertisements
    • 134 2 py.i'w.'. i nmr, s-j *>"* ihwiit W BHPIESENK V. a':-*--L 1 t V w |B| VHfIH 19 20 DECEMBER 2003 QDM SUNTEC CONVENTION CENTRE LEVEL 601 I I Fans of 60's pop music take heart! Relive the colourful sixties with a bevy of hits like "Itsy Bitsy Teenie Weenie Yellow
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  • SINGAPORE companies
    • COMPANY Briefs
      • 109 4 TATWAN-BAflSDIiWero Aslm Technology, which Mend and makes digital video and audio products. ymfcrday said net profit Bar the third quarter ended 4 September plugged"» per cert to <2.9 million as It gfippled with Vartous engineering issues relating to ltfaeodncts. The Singapore-listed group, which had Wgmariasaed
        109 words
      • 35 4 ACS Dynamfca, wfcticfe poiuan peM cwrrfdlscoani price Sir txwdbt fiaa5S»Ufrt«^d«m^ fLTfLiij Art MMmllo prcMddt *»n» report on lhe«eedrprocwde Id the scmsBl report. Apt Prneodct bad reduced the sritertoCicn prim ftr 15 aflgtonaewaMweto»iwisll*ij^M<iwiii!ptt>s
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      • 94 4 ftaAMKHOLDEBStfBtog DUttcmaln U ,r WslilU'iflTum Ifcfl eTTlii i fm itlirr ii fiUfti tar-exempt yield. IJperoeot higher torn the forecast I < «LlHK<»stsor6.l9perceotThialssfterthe ;J>< property tniat turned tn a doubling of net r dfctrMtffe profit h>HK#»* million from ttfjnttU public ofelng forecset of HRttM million. Fcetime Half* maiden results opm
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      • 51 4 HONG KOWG-BASB)aurthie Memkli hmnlm yesterday reported an 1L9 per oentjump In net profit to HE>Z7.9 million far the ssi isidyufOi Wi* iTBifl aooa a turnover crHKMMxBKmot 0OTM million) Thta compares with a turnover offOLNB million mid profit of HKgM.9 million in the previous corresponding quarter, the Singapore listed unit
        51 words
      • 60 4 MAIN BOAJtD4JSTKDTTllitarawMonal yesterday said net prtltt tor the second quarter ended Sept 30 surged 4&£ per cent to f&M mftfcm. notwithstanding a seasonally weaker quarter. The group's profit growth was achieved on the back of a turnover of 1170.9 million, an increese of 9U million
        60 words
    • 547 4  -  Beth Ishikawajima and Oei Hong Leong buy more shares in the company By Serena Ng A TUG-OF WAR for control appears to be shaping up at Jurong Engineering Ltd (JEL), after the group yesterday revealed its secondlargest shareholder, Ishika-wajima-Harima Heavy Industries, bought
      FILE PHOTO  -  547 words
    • 407 4  -  By Andrea Tan OCBC-LJNKED United Engineers has emerged as the largest shareholder of beleaguered construction group Yongnam Holdings, after taking a chunk of shares under a scheme of arrangement UE now holds a 13.65 per cent stake, or some 59 million shares, in loss-making
      407 words
    • 419 4  -  By Andrea Tan HEALTHCARE provider Parkway Holdings, which has been trying to get rid of its 37 per cent stake in Hong Kong-listed Lee Hing Developments for more than two years, has finally struck a deal to sell its shares back to
      419 words
    • 458 5  -  Improved results aided by new loan with lower rates, sale of KL space By Kalpana Rashiwala JUST three weeks after Tang Wee Sung proposed to privatise CK Tang, the listed retailer yesterday reported a significant fall in its first-half loss against the same period
      FILE PHOTO  -  458 words
    • 738 5  -  HOCK lock siew kalpana rashiwala IS another retail icon set to disappear from the Singapore bourse? Barely have we taken in the shocking announcements from two major retail players that they could be delisting or privatising soon when market talk has emerged that retail
      738 words
    • 601 5 Advertising Feature DHL, the global market leader of international express and logistics, has launched Fast Forward. It is a revolutionary new service that brings greater efficiency and cost savings to Asia Pacific-based customers who ship heavy weight
      601 words
    • 432 8  -  Bright Orient offers shares at 270 each; Excelpoint lodges prospectus By Taila Krishnakumar AS Jackspeed Corp made one of the worst debuts this year, two other IPO aspirants emerged yesterday, undeterred by the current market setback which saw shares retreating despite positive economic and
      432 words
    • 237 8  -  By Taila Krishnakumar BOOSTED mainly by an exceptional gain of $25.7 million, Hong Leong Asia's net profit for the third quarter ended September soared almost five-fold to $39.5 million from $8.2 million. The exceptional gain for HLA, a Singapore-based maker of diesel
      237 words
    • 262 8  -  By Samuel Ee DESPITE a one-time investment gain of $13 million, ComfortDelgro yesterday posted a 25 per cent year-on-year fall in net profit to $47.4 million for the third quarter ended September, dragged down by higher costs incurred by its mass rapid transit line and
      262 words
  • Page 4 Advertisements
    • 1099 4 Meat Admissions Di radon of tin wovfcPs too MBA fdwftlf MWNU9WH* IrllwWwi# Singapore MBA Fair Saturday 22 nd November 13m-17km The Pin Pacific Hotel, 7 Raffles Boulevard, Marina Square Exdvsto Scholorsfiios Ftiadfno Advics JUBA Admissions GMAT SoMioor Mailttiair ia Maawiwar Strategy ft Saccess ia Asia A— M 1 H| CSaamam
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    • 78 4 Specialist Training in Investment Management f/ Geared to Practitioner needs Curriculum structured to help candidates gain CFA Intensive 4 week CFA Reviews specially geared to help candidates prepare for examination Cohort based program with completion in 24 months F aAtm New cohort starting in May 2004 Please call Linda at
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  • Page 5 Advertisements
    • 60 5 ''f.Oeuodie Post Wortd Net hah expnas uomnes mAMa I BWA Y A?iM B LViwlwk^HO V'* *'•<-'/* I I t-3-7 v V ,;}V- 1./ J '"i y i.f ;v I I 1 V >l I i* I < ■-y 4* r I 8 |y:,ftv.r ••■:'< 7 t««4hU V K ->: k
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    • 50 5 1 I (/ft N i Qok \Q |Pf .1 -Co.^--Co. Let Tiffany Wrap Up Your Business Gifts Call *****848 for the new Tiffany for Business holiday gift catalogue Inside are classic gift ideas for your clients and colleagues. Tiffany&Co. SINGAPORE RAFFLES HOTEL ARCADE 63)4 0168 NCEE ANN CITY 6715 882}
      50 words

  • SINGAPORE markets
    • Article, Illustration
      537 6  -  Compiled by VEN SREENIVASAN NQLNM n«Mcsu* THERE was news yesterday that the share overhang could be lower than expected, with CSFB owning only about 6.4 per cent of NOL. This might explain the rise in the share {Mice earlier in the trading day when the broad market was
      Source: Bloomberg  -  537 words
    • 262 6  -  HOT STOCK WARRANT By Ven Sreenivasan WHILE other retailers continue to complain about thinning margins and sluggish business, Robinson has done what it does best boost profit and margins. The mainboard-listed retailer yesterday surprised the market yet again with strong
      Source: Bloomberg  -  262 words
    • 486 6  -  BT comment STOCKS r. sivanithy WHEN rises of one or two cents are enough to earn stocks a place in the top 20 gainers list, you know traders haven't had a good day at the office. Despite the release of benign US
      Source: Bloomberg  -  486 words
    • 642 6  -  BT comment CURRENCIES Poor foods flows, import curbs take their toll on greenback larry wee THE already weak US dollar was dealt another horrible blow yesterday, after overnight reports of new US restrictions on the imports of Chinese textiles were made worse
      Source: Reuters  -  642 words
    • BROKERS' TAKE
      • 132 6 HARD disk drive component supplier UniSteei Technology's executive chairman Bernard Toh and managing director George Poh sold a total of six million shares off-market at $1.30 per share on Tuesday, Nov 18. Mr Toh sold 5.2 million shares or a 2.15 per cent stake, and
        132 words
      • 123 6 "POPIAH king" Sam Goi (right) bought 1.1 million shares in Serial System on Tuesday, Nov 18, at 27.5 cents per share in the open market, raising his direct holding to 10.31 per cent or 31.16 million shares from 9.94 per cent On Monday,
        123 words
      • 62 6 PHUA Siew Hua, also known as Chearn Siew Hua, who has been reducing her stake in furniture group Novena Holdings, yesterday sold her remaining 6.02 million shares in the open market for about 28.5 cents per share. These shares amounted to a 7.5 per cent
        62 words
      • 90 6  -  Compiled by SERENA NG ALEXANDER Eu Yee Kui, also known as Sandy Eu, is the latest director of MultiChem to have acquired shares in the precision drilling services provider and specialty chemicals distributor. Mr Eu, an independent director, yesterday bought 327,000 shares in the open market
        90 words
    • Article, Illustration
      130 6 OTHER SINGAPORE INDICES Nov 19 VALUE CLOSE -856.00 -33.00 irCMI -*****.00 -209.00 BTINglM -*****.00 -86.00 mntiM li 453.28 -7.80 168.90 +0.17 MirpWllfti 1415.42 -27.89 SBEjrtHMftM 418.32 -9.18 Waihpym 205.18 -3.85 t—ICI 204.20 -3.20 dab Taring prices are m trading currencies, but absolute dMrvnce »in St CURRENCIES Where S$ stands Nov
      130 words

  • BLUE chips
    • 1232 7  - Venture —a cut above the rest Its CEO is a strong believer in balanced growth, reports SERENA NG SERENA NG MARGINS are not everything, at least in the case of Singapore's largest listed electronics manufacturing service provider Venture Corp, which has not failed to produce record annual profits for the
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  • 4 7 UNIT TRUSTS FUNDS MnttOJIS
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  • Page 7 Advertisements
    • 158 7 IlSMßifflG E »s c CORPORATE FINANCE ADVISORY T fV 1 AT WM INTERNATIONAL FUNDS/—I LUlftL UIIUO MERGERSI 2OO3SOPIIMI mm mi suns ffl&m BROKERAGE WORLDWIDE 1 SPIN-OFFS NETWORK L———i (I BPWVEN MMWjB Benefiting from its global network and local knowledge, SBI E2-Capital has been named "The Best Local Brokerage in Hong
      158 words

  • Article, Illustration
    1061 8 Transaction date: Nov 19 AH-** Marts > a Short: 1 3 n L«ff > 3 m aTTBRBAMK CROSS RATES AS c$ 6M ftro m im m Ml M2$ Nfcte Nw ss t— Sfr wt> QMt us$ Austrab 0.940 5.998 0.605 5.605 32.926 ***** 0.781 8305 2.746 1.136 ***** 40.0T1
    1,061 words
  • 1496 8 grooMFirrmuBB Nov 19 IWKX FMra (CM* pita) tSS1 (SccnbAo) CteM Votonw Open Mowtii rwQh LOW 5tt (touts) MttftSt Dec 03 205.00 Jan 04 204.00 F«b04 204.50 Mv 04 205.00 RSS3(USceatsfa) VolMt Open Moatfe High Low Sett (tonnes) Merest Dec 03 ***** 2250 Jm 04 M150 TT6.00 t!725 3875 2675
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  • Page 9 Advertisements
    • 243 9 (1 SET LUNCH IS Daily from $25 (two course), $28 (three course) JIOPSMRIH iJI set d|nner u9h Daily from $42 (three course) EXCELLENT CUISINE BREATHTAKING VIEWS Restaurant 360 opens: (Lunch) mon 12-2pm, (Dinner) mon sat Every Wednesday FREEFORM Hip hop/r n b/nu beats/trip hop and one for one all night
      243 words

  • EXECUTIVE suite
    • 622 10  -  Pent-up demand, excess liquidity caused by falling interest rates contributing to upswing From Shoeb Kagda in Jakarta LED by a surge in condo developments in Jakarta, Indonesia's property market is reawakening from years of slumber since the 1997 financial crisis. Property sources say
      622 words
    • 348 10  -  By Kalpana Rashiwala SERVICED apartment operator The Ascott is stepping up its presence in Australia in response to growing international business in this market. The Capita Land subsidiary is launching 565 new serviced apartments in six properties under its uppertier Somerset brand. They comprise two
      348 words
  • Page 10 Advertisements
    • 114 10 Exclusive Freehold Apartments For Sale Enbloc at Ewe Boon Road 10 apartment units only 1 unit J Walking distance to top local schools L Iy\/\ and clubs \Qflff* illlgii Well-leased with quality finishes £7 —aOgsr od V Swimming pool/facilities y\/y Total Site Area 10,460.8 sq ft f Interested parties, call
      114 words

  • SINGAPORE news
    • 201 11  -  EYE on the economy coes By Samuel Ee COE premiums for small cars rebounded slightly after slipping in the last two rounds as price cuts lured buyers back into the showrooms. In yesterday's COE tender exercise, the premium for Category A, or cars below
      201 words
    • 163 11 SINGAPORE and Malaysia will hold talks centring on implementing the order handed down by the International Tribunal for the Law of the Sea on Oct 8 relating to the dispute over the republic's land reclamation of a site south of Pulau Tekong. The two delegations
      163 words
    • 596 11  -  S'pore plan to capitalise on digital entertainment will create more jobs, add to GDP By Raju Chellam COMING soon to a theatre near you: digital cinema. The promise: ultra-high resolution images, digital surround sound and superpixellated animation all from a dedicated computer server. That's
      CHRIS LOH  -  596 words
    • 127 11 THOSE who make voluntary contributions to their Central Provident Fund (CPF) accounts will see lower limits from Jan 1, 2004. With the changes in the long-term CPF contribution rate and lower salary ceiling effective in October, the new limit will be $23,760 (or 12 months x
      127 words
    • 349 11  -  Winning brands worth $8b, up from $7.7b last year By Chen Huifen SINGTEL remains the most valuable local brand with a valuation that is more than twice that of its closest competitor in the Singapore Brand Awards 2003. It topped the
      349 words
  • Page 11 Advertisements
    • 644 11 notices In the matter of The Companies Act, Cap. 50 And In the Matter of rTO-SIN INDUSTRIAL PTE. LTD. jIAIVTOKV DECLARATION BY DIUCTOAS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON Of rTS LIABILITIES We, KWEK Al KHIM, ELSIE of 441 Upper East Coat* Rood #06-03 Singapore *****6, NRIC No.
      644 words
    • 620 11 CWT DISTRIBUTION LIMITED Announcement Third Quarter 2003 Results The Directors of CWT Distribution Limited wish to nuke the following announcements UNAUDITED RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER 2003 GROUP Quarter ended 30 September 2003 2002* SS'OOO SS'OOO Chng Revenue 58,763 41.842 40.4 Cost of sales (51.974) (34,125) 52.3 Gross
      620 words
    • 301 11 High Commission of India presents Wazuun THE KASHMIRI CUISINE AT TIFFIN ROOM Kashmiri cuisine offers an extensive unique and sumptuous variety of both vegetarian and nonvegetarian delicacies. Experience the Kashmiri cuisine here in Singapore from 21 to 28 November 2003, as 'tLxaAMlk the High Commission of India brings you for
      301 words

  • EDITORIAL & opinion
    • 758 12  -  THE bottom line OPINION nell behrmann THE era of low oil prices is over. The Middle Eastern cauldron is seeing to that Uncertainty about long-term future supplies has built in a large risk premium into oil prices in a world in which China
      758 words
    • 50 12 'I like being the head of PDIP, but I am tired of looking out for these thugs.' Megawati Sukarnoputri Indonesia's president, lashing out at members of her own party in an apparent attempt to rein in corrupt cadres seen as a hindrance to her re-election in 2004.
      50 words
    • 652 12 EDITORIAL SUCH are the seeming paradoxes in macroeconomics: Just when the economy is finally showing signs of turning around, the jobless rate has shot up to an 18-year high of 5.9 per cent But there are ready explanations about what's going on, quite apart from the
      652 words
    • 1156 12  -  Market players across the region now appear as keen as government officials are to get the market up and running From Anthony Rowley in Tokyo FOR years, Asian policymakers have talked of developing a regional bond market but little emerged by way of
      AFP  -  1,156 words
    • 420 12 COMMENTARY Eradicating it will take longer than Thaksin thinks Editorial in the Bangkok Post PRIME Minister Thaksin Shinawatra's less-than-gra-cious reaction to critics of his poverty eradication plan showed once again his refusal to allow any participation in policymaking beyond his inner circle of advisers and ministers.
      Editorial in the Bangkok Post  -  420 words
  • Page 12 Miscellaneous
    • 278 12 CRYPTIC CROSSWORD 7 Water-supplies restricted must be used judiciously I I I I I L 8 Takes special order for meat (5) 11 Pretty rural cottage providing a home for a story-writer "llmb 12 City requiring a certain level of inflation (4) Times for levelling with head 15 Putting intelligence
      278 words

  • REGION world
    • 742 13 BEIJING It says US move lacks transparency and violates free trade principles Bloomberg CHINA plans to appeal against US curbs on textile imports at the World Trade Organization and scrapped a visit to Chicago to discuss soybean purchases, signaling
      Bloomberg; REUTERS  -  742 words
    • WORLD Watch
      • 119 13 Bloomberg [WASHINGTON] US housing starts unexpectedly rose In October to the highest in almost 18 years, supported by mortgage rates that have helped engender record sales, a government report showed. Builders began work (Hi 1.96 million homes at an annual rate last month,
        Bloomberg  -  119 words
      • 77 13 Reuters [JAKARTA] A main suspect in a multimillion dollar export credit scandal affecting Indonesia's second-largest bank has been detained, police said yesterday. PT Bank Negara Indonesia Tt>k (BNI) has made provisions of 941 billion rupiah (SslBB million) to cover possible losses linked to the
        Reuters  -  77 words
      • 87 13 Reuters [BANGKOK] Thai Airways International said yesterday it plans to raise 14.25 billion baht (Ss6ll million) this week from a long delayed public offer of 285 million new shares in a partial privatisation. The Finance Ministry will also sell 100 million shares
        Reuters  -  87 words
      • 85 13 Reuters [JAKARTA] Mining firms, mostly foreign, could have grounds for suits against the Indonesian government worth US$3l.5 billion for violation of contracts after ratification of a forestry law in 1999, a minister said yesterday. 'Total estimates of potential litigation by 22 mining companies is
        Reuters  -  85 words
      • 87 13 Bloomberg [TOKYO] Japan plans to place about US$99 million worth of tariffs on US imports, Japanese trade officials said, after the World Trade Organization last week found that US duties on Japanese steel imports were illegal. Japan will notify the WTO of its
        Bloomberg  -  87 words
      • 76 13 Reuters [FRANKFURT] The global biotechnology industry raised more money by the end of September than in the whole 0f2002 but a revival in Europe, which remains weak, could be more than six months away, industry analysts said on Tuesday. Accounting firm Ernst Young said biotech
        Reuters  -  76 words
    • 447 13 NEW YORK NYT THE coming battle over mutual fund regulation may well end up focusing not on trading abuses, which are now the subject of regulatory action, but on the fees and costs that funds charge investors. Much may hinge on
      NYT  -  447 words
    • 340 13 NEW YORK 30% of Genworth Financial will be sold in IPO in 2004 NYT, Reuters, Bloomberg GENERAL Electric, struggling to climb back to dou-ble-digit earnings growth, announced a plan on Tuesday to spin off most of its life insurance and mortgage insurance business next
      NYT,; Reuters,; Bloomberg  -  340 words
    • 190 13 WASHINGTON AFP THE International Monetary Fund (IMF) said yesterday that China's currency does not appear "substantiaUy undervalued" and that a currency change would probably have little impact on global trade imbalances. The comments by the IMF, in a report following annual consultations with China, flew
      AFP  -  190 words
    • 362 13  -  Full-year growth will be above 4.5%, says central bank From Diana Ooa Abdullah in Kuala Lumpur MALAYSIA'S gross domestic product (GDP) expanded by a better than expected 5.1 per cent in the third quarter, making it "very likely that overall growth for the
      362 words
    • 353 13  -  SINGAPORE By Amit Roy Choudhury A SURVEY shows Singapore companies on average spend 16 per cent of their total information technology (IT) budgets on information security. This figure is higher than the 11 per cent average for Asia-Pacific as a whole, according
      353 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
  • 6 14 Transaction date: Nov 19
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  • 5 14 Transaction date: Nov 19
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  • 791 14 Transaction date: Nov 19 fcd— a— a—f. MM w Qow riim MMISOi 0 40 10JO -0 020 0* 2X130 0070 CK 0.7i 5.900 4.100 OCK «M 11 500 0500 CapaULjnd 1.10 14)0 -OOCO out 041 6700 -CI 00 Ourt ScovCond 26( 1J4 1490 00CO Parkway H 25c 0.50 0570
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  • 546 14 BONDS WARRANTS Tel LMt Vri CM* lav cm» utm *m- rmm w hg u» mm astiwmoui as unch t 1.71 7 3«7 AonaUdVMMIIIO 1 1 50 437 950 12 MO Amtek VW***** 115 21 1 33 J 131 19 *03 Armstrong W*****0 IS 1 10 10 2.15 6 3CB •ouMMdWOOKU
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  • WORLD news
    • 495 15 TUSCON, Arizona With 'slack' in production, labour markets, low inflation, Fed can keep rate steady Reuters GOING a step further than some of his central bank colleagues, San Francisco Fed president Robert Parry said on Tuesday that he couldn't quibble with the market view
      Reuters  -  495 words
    • 254 15 NEW YORK Firms responsible for their con tinned existence, he warns Reuters TIJE top US audit regulator on Tuesday said he had privately warned the Big Four accounting firms against thinking they are too big to fail, despite fears
      Reuters  -  254 words
  • 6 15 Transaction date: Nov 19
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  • 68 15 S« M Laat M Day L1Q—« GrtMv M« ClVH MM MCa L— CW Cimhi M» W- r— t— S«fcr Cw Wt in RW Duocufc UUOCOod 2120 9300 1750 3740 W* BDJUSTadl U&I740 6097 ISMSOSpora US555 6101 ISS4K00_ USB70 96W «C 6170 VOttS IKSBO M0 1«6 1230 035 mm
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  • 1697 15 SHk M lal M II qn Mb Mr WW M "Cm Urn cada o II, I I id» W- cm t— (ajar i*> Cw w If 73 SOtO AMHktaSc 1* 1 78 19 18 18 19 34 7 42 12 9 2101 APCMSc 28 5 -O S 212
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  • 218 15 SHft M UM M Lai Qaati Mb M> (rtM IM MCap Cmmmm Sw- W U. f Mr »C% > li IB r 4000 AVJenrwigi A25c AWod und< 11 M3 WO 179 113 40 M 53 M 3BJ (001 C*tw,HcX* HK720 J' 2£ m 8 S 55 US75-5 11.1
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  • Best Managed Board
    • 878 16  -  Getting the board to work well with management is key factor to success, reports JOYCE KOH JOYCE KOH GOOD corporate governance can only come about if companies make it the centrepiece of their business philosophy. Take DBS Bank, winner of the inaugural Best Managed Board Award.
      FILE PHOTO  -  878 words
    • 737 16  -  By BRAD ORGILL SINGAPORE'S Best Managed Board Awards could hardly have taken shape at a more opportune time. Around the world, the issue of how companies are managed has come under scrutiny in the wake of scandals like Enron. So what exactly is corporate governance
      737 words
    • 519 16  -  By KENNETH LIM LARGE companies may be able to offer directors better pay and prestige, but good leaders should not be driven by such rewards alone, say the two smaller companies that received special mention in this year's inaugural Best Managed Board Awards. Rather, the bosses
      519 words
  • Page 16 Advertisements


  • BIZIT
    • 684 18  -  Planned portable push in the Asia Pac region helped by rising global demand By Raju Chellam US infotech giant Dell Computer Corp plans to push its notebook computers more aggressively in the Asia-Pacific region in the next few quarters. It will also offer more
      FILE PHOTO  -  684 words
    • 748 18  -  IT comment INFOTECH Make your best guess armed with latest reports from IDC, Gartner and others kenneth james SO is it or is it not, happening? More than two years into one of the infocomm sector's worst-ever downturns, there are indications that things
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  • Page 18 Advertisements
    • 160 18 Where to wine, dine and entertain... Upstairs Harry's Upstairs Harry's provide the perfect setting for your next corporate function. Be it a formal corporate function or a year end celebration, Upstairs Harry's is the perfect place to unwind. Sit back and relax on comfortable sofas and enjoy the evening. Call
      160 words
    • 234 18 NOW TILL 24 NOVEMBER 2003 iK v Dinner (6.00pm to 10.30pm) Ss32.oo+++ (Adult) it <331 (Child) Prices subject to 10X service charge and prevailing government taxes No pert, no lord > Mote Female prayer rooms ovcutatxe > PLEASE CALL 6311 81 N Preferred Business Class Hotel \w 76 Brat Baaah
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    • 37 18 MERITUS MANDARIN SINGAPORE MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: *****291 PVV Ul MERITUS MANDARIN t»tU 333 Orchard Road, Singapore *****7 "let: +65 6737 4411. Fax: +65 6732 2361.
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  • SHIPPING TIMES
    • 260 19 Reuters THE Baltic Dry Index fell 20V>ints to 4026, the Baltic Capesize Index fell 42 points to 5867, the Baltic Panamax Index rose 3 points to 3811 and the Baltic Handymax Index fell 190 points to *****. TDI&CHABTEB: Johnny K (built 1994) *****0 dwt delivery Baoshan 29/30 November
      Reuters  -  260 words
    • 273 19 SGX '000 Wo»H SS W- Vol CH Offshore 0.35 -0-01 260 ChuanHup 049 -0.01 2077 Cosco Investment 0.56 -0.01 3198 CWTDiMibution.. 0.56 unch 0 EcaHldgs .0.99 unch 1057 FreirfitSiki .0.09 -0.01 303 GB Hokjings 0.69 unch 0 JayaHottngi 0.81 -aOI 2201 K< Venture 023 i«h 569 fappelCorp .5.45
      273 words
    • 693 19  -  India port may get 11b rupee investment for container terminals; port official By Beth Jinks [SINGAPORE] Planned upgrading of India's privately-run Pipavav Port, in which PSA Corporation holds a stake, could involve 11 billion rupee (*****.6 million) worth of investment to transform the predominantly
      693 words
    • 77 19 [KARACHI, Pakistan] A small fishing boat (left) sailing near the half-submerged Greek registered oil tanker Tasman Spirit, which split in two after running aground on July 27 off Karachi port. Pakistani port authorities said they would soon put out a tender to remove
      AFP  -  77 words
    • 380 19  -  Total of 13.6m TEUs handled by PSA, Jurong in first 9 months By Beth Jinks [SINGAPORE] Singapore's ports enjoyed 7.3 per cent container throughput growth and 2 per cent total cargo growth in the first nine months of this year, figures released by
      380 words
    • 260 19 AP [BRUSSELS] The European Union agreed with the United States to tighten scans of US-bound containers at seaports to prevent weapons smuggling by terrorists. "This is an important step forward," said Frits Bolkestein, the EU customs commissioner, who signed
      AP  -  260 words
    • SHIPPING news
      • 535 20 Higher shipping volumes, robust performance of Virgin Blue behind increase Reuters [MELBOURNE] Australian transport group Patrick Corp posted a near 50 per cent rise in annual profit yesterday due to a surge in shipping volumes through its ports and strong earnings from discount
        Reuters; AFP  -  535 words
      • 423 20 Reuters [COPENHAGEN] Maersk Mc-Kinney Moeller, rated as Denmark's richest and second most powerful man after the prime minister, retires next month, aged 90, after almost 30 years at the helm of the country's biggest private enterprise, shipping and oil group AP Moeller-Maersk.
        Reuters  -  423 words
    • 3 20
      3 words
    • 3 24 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 762 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ARDMORE LB210 J17/18 A/SIDE 19/11 0200 ATLANTIS 7 A7174 J3 A/SIDE 19/11 0700 CMACGMTUC 16SA J18/19 A/SIDE 19/11 0300 CRYSTAL SUN ***** J4 A/SIDE 19/11 0600 JTONG 0313 J7/8 A/SIDE 19/11 2359 NIAGA55 04/03 J7 A/SIDE 19/*****0 OC PARADISE
        762 words
      • 2 25
        2 words
      • 131 25 Nov 25 Singapore: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Dec 5 Thailand: King's Birthday. Deo 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 25 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas Day.
        131 words
      • 450 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 averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        450 words
      • 20 25 TNa r»nrt to m u±j uajSK 2u!^!!!in Mr fc—i'^r■TMCsiir?TiS!w«i l piSS£S< fc SW«ST2S!M^^ rri'i'iim'.KmAotig'jMfcpi I'lM'MT"^*"* !KSra^SSSiKSS3S3K^
        20 words
    • AIR & LAND transport
      • 531 26 It means HK'S Dragonair won't be able to start flights to Sydney soon Bloomberg [CANBERRA] Qantas Airways will have to postpone plans to carry passengers to Europe from Hong Kong, while Cathay Pacific Airways won't be able to fly between Sydney
        Bloomberg  -  531 words
      • 160 26 Reuters [BRUSSELS] Nine airline associations blasted costs imposed on airlines by unregulated or poorly regulated monopoly service providers, such as airports or air traffic controllers. "Where those entities have been privatised, profit margins irrespective of market reality are virtually guaranteed, where they are
        Reuters  -  160 words
      • 239 26 Bloomberg China Airlines, Taiwan's largest carrier, said it may join the Sky Team alliance, extending its passenger partnerships with Delta Air Lines and Alitalia, which are part of the sixmember airline group. Joining the group will allow China Airlines to share resources with partners and
        Bloomberg  -  239 words
      • 182 26 Reuters [PRAGUE] Czech stateowned airline CSA, looking to increase its importance as a regional hub operator in the former east European communist bloc, said it will expand its list of destinations next year by five. The airline said in a statement it plans to add
        Reuters  -  182 words
      • LOG Book
        • 98 26 Reuters [CHICAGO] Atlantic Coast Airlines said it had reached a tentative deal to acquire 25 Airbus narrow-body jets to support its plan to start a low-fare carrier. The deal calls for a binding memorandum of understanding to acquire 10 A3l9s and five A32os from
          Reuters  -  98 words
        • 82 26 AFP [HANOI] Vietnam Airlines will begin flights to Frankfurt with a stop-over in Moscow in early January using its recently acquired Boeing 777-200ER aircraft, a company spokesman said yesterday. "If everything is fine, we will start a twice weekly service on Tuesdays and Fridays,"
          AFP  -  82 words
      • 57 26 AP [LE BOURGET, France] A woman demonstrating the US-built GE lon Track EntryScan3, a walk-through vapour and particle detection portal which uses the natural human convection to search for explosives. The demonstration took place on the opening day of the Milipol 2003 exhibition of internal state security,
        AP  -  57 words
      • 157 26 Anex-Antara (JAKARTA] India has offered all airlines of Asean countries, including Indonesia, the facility of daily service to its metropolitan cities like New Delhi, Mumbai, Kolkata and Chennai. According to the Indian Embassy in Jakarta in its press statement made available to
        Anex-Antara  -  157 words
      • 93 26 Bloomberg [DUBAI] Emirates, the largest Arab airline, will say next month whether RollsRoyce or Engine Alliance has won a US$l.5 billion contract to provide engines for its Airbus A3BO planes. The Dubai-based carrier will say at an air show in the sheikhdom from Dec 7
        Bloomberg  -  93 words
      • 434 26 Carrier scheduled for operations in May: CEO Bloomberg (SYDNEY] Qantas Airways Ltd's new discount unit, scheduled to start operations in May, will open for bookings in February, chief executive Geoff Dixon said. The board of Sydneybased Qantas, Australia's largest airline, is
        Bloomberg  -  434 words
      • 383 26 AtRUNE cooes M Amercer Artnes IMLJ Af Ar france (AfR). Al Ar Inda IMC). AY Fmer Of (UNI. Al MM Artnes (AM. BA H» Armys Puttc UdCo (SAW). BG Bener SraMWi Arlrm (BBC) Bt Royal Brunei Artnes Sttißht(RßA) BO BouraQ Artnes (BOU) BR EVA Ametys Capn
        383 words
  • Page 19 Advertisements
    • 38 19 Qantas discount ■"VPVVWM unit to start ■«ll K1 li*llr«B tirhri mlnir UWMJI 3HW9 in Feb RMMM tafia's big ■ullailA cities open up KnXmSa toAsean «l» Biles H||||jga| Back Page Patrick Corp's annual profit up nearly 50% Page 2
      38 words
    • 77 19 Now Till Revolution Takes Place Once Every Fortnight. The first fortnightly liner service for project and heavy lift cargo Our Round-The-Worid Pearl String Service sets new standards in the industry! It the punctuality and regularity of a service with flexibility and care for the transportation project and heavy lift cargoes.
      77 words

  • Page 20 Advertisements
    • 690 20 I IMPORT I I NORTH AMERICA 111 AUSTRALIA!NEW ZEALAND «UI'UHIMIILELHPHtM(mq [AUSTRALIA ASIA EXPRESS (AAXJ VESSEL VOY IGI SIN KG ill 111 ooacMiQMH ima os/ii «7ii J* 5L_ J«_ _«L_ HO NEDU.OYD SOUTHAMPTON 37W45 11/11 30/11 02/12 1V M/ OOCL OfINA 44W44 It/11 07/12 09/12 W/ II: Vri OCT V73W30 mM
      690 words
    • 467 20 8. servxas represented by is«sKsi Mam n R »9 islr y tJCgyi' Accredited Shipping Agents, Singapore Shipping Associcrfion Members of the •'••Si- Singapore Logistics Association gjj| ULY UNE MALE VOY KBA ETA P. KLAMC vm MALI Empress Lity 0603 22/11 24/11 03/12 Mold Carrier 7A3 A 29/11 01/12 10/12 Princess
      467 words

  • Page 21 Advertisements
    • 996 21 TO USA (SAX SBVKE) VKSa Wf SlEtt Ul W Mi HOD CHI Cot MM «1 NTC AW.ENGUNP 1231 03/12 11/11 22/12 23/12 23/12 23/12 23/12 23/H 26/12 26/12 Aft CANADA 11H 10/12 25/12 29/12 29/12 29/12 29/12 29/12 29/12 01/01 01/01 API SCOTUND 1221 17/12 01/01 05/01 04/01 06/01 06/01
      996 words
    • 963 21 GENERAL AGENTS IN SINGAPORE SO ROBINSON HO #12-00 SAIE& BKGS TE. 6420 5857 /43 FAX 6238 5321/24 COSTAR SHIPPING PTE LTD SWGAPOPE *****6 OUTWWW *****802 6238 5325/75 CflNO **********0 M TH. 8226 1900 (MAN) 6420 5786 6238 5319/49 T/SHPOEP 6420 5825 6238 53W46 AJNOFTS OwCE CONVENTIONAL 6420 5850 *****208 COSTAR
      963 words
    • 448 21 VBSB VOT SW PGU HCM HKG' IYH PUS VBSfl VOY SW KG mZzliiilMMMM "w mr~ HOUtS 013N 02/12 03/1? 05/1? Of/12 13/1? 13/1? PHTMWIOCC 042 A 04/12 04/1? jfKAQWU *****1 0/12 10/1? 13/1? 14/1? ?0/l? 20/T?] NEWDYWAMIC 049 A I 11/1? I 13/1? TStcMqbMi Art lAte port VBSB VOY PKG
      448 words

  • Page 22 Advertisements
    • 549 22 flßl ftCI AA A OHIQU—WOOWNOtt ******44 FAX: *****433 I MAM.: iHliiMiXlfc—CW M K2l UCLIYI/IO DOCUMINTATKMM/OMRATK>NS: *****437 FAX: *****177 m■ Ivesa Ivor wmgm wnnuw lihavii I pmi BS cooom !nr wu *m iMf"i ?m ai/i? n/n 3 m 0141 MI 17M nm ot/oi 31/12 IScmUm* Ssi S/ii M7tl w/uI 0575) TWi
      549 words
    • 609 22 WXWAN HAI LINES V Tat (***** M Fax: 6224 1103 v S| •*< w- ks^ $■>.*- •>' ?T INTRODUCING:-*^^ NEW WEEKLY EXPRESS SERVICE TO: NHAVA SHEVA CALLIN\SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY T 4 "i r-s'S >'** For mora details, call HOTLINE: 6226 1588 1800-*****00 lP W
      609 words
    • 412 22 BSA x MYANMA ■H FIVE STAR UNE (MVMMT HNM UM) iMirfhf for YaafM vissa vor pii n kii PAGAN 321W fll MPA-AN Mm 510 IN KAUTSUL IOIKTIAB SHIPPING AGCIKIf 5 KM: 03-*****)00 PIL 03-317*4101 04-2****** ACCEPTIB6 COiVEiTIOIAi CflO VDSa VOT H*G SM PGH Pll KIK TUHB OttUHT I SUI SLD
      412 words

  • Page 23 Advertisements
    • 1272 23 I VESSEL VOY KHH HKO I SIN I PKL I DX» I IM4M MK WAN LOMSTAN PCUOII SKIP SKIP 32/11 21/11 01/12 02/12 08/12 10/12 KAN SATTAKI PCLBOI2 SKIP SKIP 25/11 24/11 04/12 09/12 11/12 13/12 CAP! mo PC ISO 13 SKIP SKIP 29/11 23/11 07/12 03/12 14/12 16/12 MAN
      1,272 words
    • 625 23 A RSI k UK CONTINENT SERVICE LxMdkrigtor GOKCAN RTM/ATW/BMN/UK/NAN KALMA RTM/ATW/BMN/UK/NAN Load* StngapOTß. EVW Mataym Indonen MIDDLE-EAST SERVICE LoacSngtor J FRIEND DBI/ABU/DOH/BRN/DMM/KWT RAVENA DBI/ABU/DOH/BRN/DMM/KWT J SAFE ADN/HDD/JDH toads Singapore, E7W Mataym IndonaM USA SERVICE Loading tor SEABEE CAM/NFK/SAV/NOL "Loads EVW Malaysia, Indonesia F.E./S.E.A. SERVICES Spore Loadbig tor ORCHID INC/BSN J
      625 words
    • 678 23 ypsa m at pcu _msa jm sn m jeose* 11/lJ 20/11 rttMU P102; 10/11 H/ii PAC3AMPA una azu 21/11 MMiIiWT an 21/11 m/ii HCMy m* n/]\ a/11 -EKillll um 17/11 w/11 *cm»* P/trr to/n njmhm un »/n w/n P*»AOM ihm 22/11 2s/n PACIAMDA IM7N 14/11 17/11 ■pxiamm ma m tiu
      678 words

  • Page 24 Advertisements
    • 53 24 Here Comes A New Service-to So.uth Piacific lslands?x v *V, SUVA, LAUTOKE (FIJI) S^^m(TAtl!T!)A i «r Jl. j Check it out on Page 3,hipping Times Regular Liner Break-bulk Service to Australia, Papua New Guinea A New Weekly Express Service to NHAVA SHEVA, India has just been inaugurated. Turn to Page
      53 words

  • Page 25 Miscellaneous
    • 123 25 i FOR 7AM 20 Nov 2003 J ytfr /fi Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols \7 Showers Fu 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
      123 words