The Business Times, 19 December 2003

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Total Pages: 30
1 30 The Business Times
  • 15 1 MITA (P) 024/03/2003 85c THE BUSINESS TIMES SINGAPORE Internet: httn.//business-times.asial .com.sg FRIDAY, DECEMBER 19, 2003
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  • 689 1  -  BT exclusive Along with CPF cuts, they will also have to pay higher taxes By Genevieve Cua [SINGAPORE] The limit on contributions to the tax-ad-vantaged Supplementary Retirement Scheme (SRS) will be lowered in line with the new Central Provident Fund rates,
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  • 941 1  -  NEWS analysis But robust growth will be awhile in coming By Raju Chellam [SINGAPORE] It was with some relief that Singapore's semiconductor makers greeted the recovery in the industry that began in the second half of this year, even though it came a touch
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  • 75 1 ST! 1,715.63 (-7.94) ST INDEX FUTURES 1,713.00 (-3.00) SIMSCI FUTURES 209.70 (-0.60) Thursday Change KLSECOMP 766.59 -#J>4 NIKKEI 228 _M.I0400 1136 HAN(i SENG _l2i40.25 +47.13 SET INDEX 700.93 13.05 JAKARTA CUMP ..664.87 +9.17 MANILA OMP 1.***** 1121 TAIPEI WPI 5.768.76 > 16.75 SEOI'L (OMP 807.50 +7.41 SHENZHEN B *****
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  • 82 1 FOREX RATES US$ S$ ISS (SS per I'SS) 1.7U8 £(l'S$/S$ per !t)1.766 3016 El RO(I SS/SS/E). 1 241 1119 YEN 107.5 6190 RM 3800 1224 HKS 7 765 4.545 BAHT 39 64 2310 Rl'PIAH 8.492 4.971 RENMINBI 8299 4.858 INDIAN RI'PEE 45.51 26 64 AS 1.349 0.790 NZS 1.540
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  • 424 1  -  BT exclusive Move underscores its ambition to reach mass market By Kalpana Rashiwala [SINGAPORE] The listed Dairy Farm group, fresh from bagging the Shop N Save supermarket chain last month, is set to increase its reach in the HDB heartlands. The group,
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    • 379 2  -  69% of survey respondents expect economy to recover in next 12 months By Chen Huifen [SINGAPORE] Consumer confidence in Singapore appears to be rebounding faster than expected, with 69 per cent of respondents in an ACNielsen poll expecting the economy to recover in the
      379 words
    • 187 2 Impact of CPF and SRS changes (for employees under 50 years) Monthly salary ogling cap tor CPF S$ 6.000 SS 4,500 Employer CPF contrfcuton rate 16% (until Sept 30 *03) 13% 13% (wef Oct 1 '03) Employee CPF contribution rate 20% 20% Total Wage ceiling SS 76,500
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    • 424 2 LATEST US DATA Conference Board index points to recovery picking up AP, Bloomberg [NEW YORK] An important gauge of future US economic activity rose a solid 0.3 per cent in November, suggesting that the economic recovery will gain momentum next year. The Conference Board's
      AP,; Bloomberg  -  424 words
  • Page 2 Advertisements
    • 279 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg
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  • SINGAPORE companies
    • 292 3  -  By Joyce Koh RIDING on an 85 per cent jump in turnover thanks to two acquisitions, mainboardlisted Beyonics Technology yesterday posted a 25 per cent jump in first-quarter net profit to $6.9 million. Revenue for the three months ended Oct 31
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    • 492 3  -  Best overall performance in S'pore for 11th year running Peer survey By Serena Ng DESPITE the turbulence in the airline industry due to the Iraq war and the Sars outbreak, Singapore Airlines has for the 11th year running been ranked the top Singapore company for overall
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    • 670 3  - Will new SGX rules stifle research HOCK lock siew r sivanithy WHEN the Singapore Exchange (SGX) amended its trading rules from Dec 1 to reduce conflicts of interest between brokers and customers, it had the best interests of the market at heart. The need to formally separate house trading from
      670 words
    • 304 4  -  Its unit Raffles Inv faces no objection at thinly attended meeting to sell the 43% stake By Siow Li Sen A RAFFLES Investments shareholders' meeting yesterday to sell its Raffles Hotel stake went off without a hitch another small but symbolic step for
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    • 299 4  -  It will pay $6m cash for a 31.8% stake in Sinopharm By Joyce Koh MAINBOARD-listed Sinomem Technology yesterday said it will invest $6 million to buy a 31.8 per cent stake in pharmaceutical company Sinopharm Pte Ltd. The cash purchase, made through its whollyowned subsidiary
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    • COMPANY Briefs
      • 85 4 KEPPEL Corp said a consortium including unit FELS Setal is due to sign a contract with Petrobras today for the engineering, procurement, construction and assembly of the P-52 semi-submersible platform for US$775 million. FELS Setal is 60 per cent owned by Keppel Offshore Marine, a
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      • 87 4 INFRASTRUCTURE and turnkey engineering company Ipco International yesterday announced a $19.7 million deal to acquire a 62.5 per cent stake in ESA Electronics. ESA's core business is the design and manufacture of burn-in/ device-under-test boards for the semiconductor industry. To acquire ESA,
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      • 99 4 SESDAQ-listed NeoCorp International has proposed a private placement of up to 42.9 million shares at 6 cents each. Of these, up to 39 million shares will be "placed to certain creditors of the group in settlement of amounts owed by the group" at
        99 words
      • 61 4 ASIAN Micro Holdings is placing out 15 million new shares at 7.8 cents each to raise net proceeds of about $1.12 million. The shares represent 5.56 per cent of its paid-up capital. It said the proceeds will be used by the group for funding the
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      • 62 4 ECOWISE Holdings is making a placement of 7 million new shares at 28 cents each. The net proceeds, estimated at about $1.92 million, will be used for acquisitions or investment in assets or businesses that are synergistic with the group's operations and as working capital.
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    • 247 4  -  By Tang Weng Fai SINGTEL'S Australian subsidiary Optus will be launching two new satellites for the Australian and New Zealand markets over the next few years. Optus made the announcement as it signed a multi-million-dollar deal with US' Orbital Sciences Corp
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    • 350 10  -  Mainboard IPO consists of 147m new and vendor shares at 26c each By Serena Ng HOMEGROWN electronics component distributor Excelpoint Technology is poised to be the first new listing of 2004, after launching yesterday a fairly sizable initial public offering of 147
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    • 303 10  -  By Daniel Buenas MAIN board-listed Popular Holdings yesterday declared an interim dividend payout of 0.7 cent on the back of a 61 per cent gain in earnings for its half year ended Oct 31, 2003. The company, which focuses on publishing, retail and distribution,
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    • 287 10 NETWORK solutions provider DMX Technologies Group is acquiring a software firm for $8.9 million in shares and cash. Its wholly owned subsidiary DMX (BVI) Ltd has agreed to acquire all of Equator One Software Ltd (EOS) from First Innovate Ltd. "We believe this acquisition will
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    • 164 3 RAYMOND WEIL GENEVE 2 cy 2 X) c o E Jf n 12 7 flliii i K RAYMOND WEIL m time to dream M I LX H V r/) c;. ~JJon rj lornnni 0* V o*i r J rand* Self winding mechanical chronograph movement SOLE AGENT CRYSTAL TIME (S) PTE
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    • 74 3 v Please call us for any enquiry!!! i-SIX(S) PTE.LTD. 10 Tampines Industrial Ave 3 Singapore *****8 TEL: 6788 5296 FAX: 6788 5295 Email: lhchen@i-six.com.sg vulCain MANLIf AC. It Of I'lUS ulcam Crickct. ilw unrld's first mcclumical aLmn uiihh. c l°~f v > fr/^ yjj» U flp ji jP :,ni CRYSTAL
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    • 126 5 I I WORLD NUMBER M PLASMA It If J* Bm I "\V V/*-% Plj ■m SL, y m% y r-*nt& 1 I ■I >, i k. «W r I I- 0^ mmmmmmmmmmmmmmmmmmm hitacmi r t 1 The All-New Hitachi L r i Now in Singapore Hitachi, the pinnacle in Plasma
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  • SINGAPORE markets
    • Article, Illustration
      495 6  -  Compiled by VEN SREENIVASAN DBS Group Dm UchMkv $14^0 FINALLY, after weeks of speculation, Thai Military Bank's chairman has announced that it is in talks with DBS Thai Danu Bank about a possible merger. Thai Military Bank is also in talks with two other investors. Recently, DBS announced
      Source: Bloomberg  -  495 words
    • 296 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE Severe Acute Respiratory Syndrome (Sars) is back. This is no surprise though. Most medical and healthcare experts had warned it could reappear during the traditional flu-prone months of December and January. The big question is how
      Source: Bloomberg  -  296 words
    • 481 6  -  BT comment YOUR MONEY r. sivanithy "THIS is a holiday market" was how one dealer summed up the current state of the local stock market where in yesterday's session, penny stocks thrived but blue chips were largely ignored. Top picks among the small
      Source: Bloomberg  -  481 words
    • 636 6  -  BT comment CURRENCIES UK pound trades above S$3 for the first time in 11 years larry wee THE US dollar again plumbed fresh lows versus leading European counterparts yesterday, while intervention fears continued to keep a lid on Asian currency gains. News from
      Source: Moneyline Telerate  -  636 words
    • 413 6  -  Compiled by SERENA NG VETERAN banker Wee Cho Yaw has increased his deemed stake in United Overseas Bank following a purchase of 500,000 shares by Wee Investments Pte Ltd on Dec 16 at $12.70 a share. The $6.35 million purchase boosted
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    • Article, Illustration
      409 6 OTHER SINGAPORE INDICES Dec 18 VALUE CLOSE BT OB/OS -376.00 +109.00 BT CADI -*****.00 -4.00 BT 10-day MA *****.00 j38.00 AH-SG Equities 462.07 -1.06 SG Equities Elect 171.56 -0.93 SG Equities Fin 1431.96 -16.23 SG Equities Prop 420.12 -1.12 MSCt Singapore 209.51 -1.28 SiMSCI Futures 209.70 -0.60 Stocks Volume AstaEnv5c
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  • Page 7 Advertisements
    • 93 7 *****722" ~if ,ll, >^ Sharp combined technology and style to -imLnMnr- create the AQUOS series. The lineup from E series* 37" to 13" offers crystal-clear images, lower B series* n,,, r i» I power consumption, extended backlight life expectancy, and stylish design that will surely fit your lifestyle. Just another
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  • Page 8 Advertisements
    • 303 8 m ——i— i 1 MFiMJJJWIW—M——^^ INITIAL PUBLIC OFFERING I MM fj/j' v f B I EXCELPOINT TECHNOLOGY LTD I sfl (Incorporated in the Republic of Singapore on 18 May 2001) pk^m t m BBffi SW" yfll §0 «rP» .mM x ;CS? Our Demand Creation m >w *»S^WKB^^^^fcL Hj _^^3W|P Sb
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  • Personal finance
    • 852 9  -  The winners this year are those who ventured into equities by Q2 and the losers are the winners in 2000 to 2002, says ROY VARGHESE ROY VARGHESE THE year 2003 was one to forget for a variety of reasons: war, Sars, recession, job losses, and
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    • 164 9 Source: Dalter Chart A Asset class returns DATE I NT! INT L SS SHARESi BONDS* CASH3 CPU 1983 24.2 7.8 7.5 1.6 1984 8.7 10.9 8.1 0.9 1985 37.0 23.0 5.6 0.8 1986 47.5 27.1 4.3 -1.4 1987 7.1 8.7 3.8 1.5 1988 20.8 1.7 4.2 1.5 1989
      Source: Dalter  -  164 words
  • Page 9 Advertisements
    • 641 9 8b iff^^H jjj The Paragon 01-42. Ngee Ann City 01-08 Nu. of UMS Pumerol No. of cases T> f— < T"k IAAI HHBHHIIIIHHIIIIIIBhIIHHIHHIIIIIIIIII ChateauCapdeMouibn Chateau Beauregard H Bordeaux En Primeur 2003 a—-cmm-i N)MW KM-ui: Le Petit Cheval Chateau Certan de May A Matchless Vintage A arSEr" STSr Chateau Ftgeac Chateau
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  • Article, Illustration
    1081 10 Transaction date: Dec 18 IMTBRRAMK CROSS RATES AS C$ Rmto Euro HKS Ind Ruplah Yen Won RM NZS Prt Rs Peso SS Rtod Sfr UTS BaM Pound US$ Australia 0.983 6.151 0.598 5.755 33.739 62.951 0.797 8.812 2.817 1.142 42.585 41.032 1.266 4.848 0.930 25.232 29.387 0.420 0.741 Canada
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  • 1599 10 SICOM FUTURES Dec 18 RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 04 219.00 Feb 04 220.25 Mar 04 222.00 Apr/Jun 04 225.00 RSS 3 (US centsAg) Volume Open Month High Low Sett (tomes) Interest Jan 04 128.00 128.00 127.00 400
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  • SINGAPORE news
    • 624 11  -  S'pore, Jakarta to work closely to end terrorist problem From Shoeb Kagda in Jakarta TERRORISM remains a menace that threatens all countries in the region and Singaporeans should be under no illusions that Jemaah Islamiah has been eliminated, said Deputy Prime
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    • 392 11  -  By Amit Roy Choudhury SINGAPORE is hopeful ot forging closer links with India through the liberalisation of air services between the two countries as the travel demand is huge, Minister for Transport Yeo Cheow Tong said yesterday. Speaking at the first anniversary celebrations
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    • 798 11  -  But some predict discounting will continue to ward off competition By Samuel Ee THIS year's discounts on petrol prices ranging from 4 to 15 per cent may lead to long queues of cars outside some stations, but some oil companies say privately the discounts are
      ST FILE PHOTO  -  798 words
  • Page 11 Advertisements
    • 74 11 RELOCATION fe PROMOTION Jg" > UP TO 70% 0FF ?1|p^ STONE CARVINGS PAINTINGS "j?.. (W» i&r LIVING AMIDA 21") SOUTH 8RIDGE ROAD (OPP SRI MARIAMMAh HINDU TEMPLE) SINGAPORE 0587<>8 Ci** TEL »65 <>423 1018 FAX -bS (>423 1019 j^X' EMAIL jKp. GALLEH* HOURS MON SAT 11AM 7PM 'N SUN 6.
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    • 112 11 to rubber or Toile de voile strap. BAUME MERCIER CHEW CHEONG WATCH CENTRE (CENTURY SQUARE, SHAW CENTRE) CORTINA WATCH (JBAwl (LUCKY PLAZA, MILLENTA WALK, PARAGON, RAFFLES CITY) DELUXE EASTERN WATCH EKBK'«iBS9B (CENTREPOINT) EMOTUS TIME CULTURE (NGEE ANN CITY) EMOTUS WATCH SALON (NGEE ANN CITY) GASSAN WATCHES (CHANGI AIRPORTT2 SOUTH) -H2
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  • EDITORIAL & opinion
    • 772 12  -  THE bottom line OPINION shoeb kagda INDONESIA'S two most prominent political dynasties are set to go head to head in next year's direct presidential elections in a twist that could once again alter the balance of power in the huge archipelago. The Sukarnos and
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    • 93 12 'The ball is in his court. If he wants to meet me, I'll meet him. If he doesn't want to meet me, I am not that keen.' Pervez Musharraf Pakistan's president, on a proposal to meet Indian Prime Minister Atal Behari Vajpayee, for talks on Kashmir. 'I
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    • 663 12 EDITORIAL LESS than two weeks before the year draws to a close, and finally from the horses' mouths it's beginning to look like Christmas, in Singapore's retail scene. For once at least, for the first time in what seems like ages Singapore retailers sound
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    • 1040 12  -  People in authority are failing to see that the US and Japan's economic problems are mutually reinforcing, and thus have to correct simultaneously From Anthony Rowley in Tokyo CHRISTMAS is a time of magic but this year it seems to
      REUTERS  -  1,040 words
    • 661 12  -  MAIL bag Simon Liew Investment strategist. Frontier Wealth Management IF you had taken time to plan for your finances or retirement, you would most likely have heard of the concept of asset allocation. Financial advisers would tell you that financial planning is not complete without
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    • 132 12  -  Chung Kek Yoong Chairman, Ticket Sales National Association of Travel Agents Singapore YOUR commentary ("Asian no-frills carriers: beware the hype" by Vikram Khanna. BT, Dec 15) on the hype surrounding budget airlines is a timely reminder of the many hurdles new entrant carriers
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    • 99 12 Fax your letters to 6319-*****r email them to btietter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the
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  • REGION world
    • 551 13 HONG KONG Plans arise from China relaxing foreign investment levels in its banks Bloomberg Reuters, AFP BANK of East Asia (BEA), Hong Kong's fourth-biggest lender, said it plans to invest in a Chinese bank next year, one day after rival
      Bloomberg; Reuters,; AFP  -  551 words
    • 338 13 [NEW YORK] Three newly public companies took New York by storm on Wednesday, showing the market for initial offerings is well on its way back after the bubble burst three years ago. China Life Insurance, the world's biggest IPO this year
      XINHUA  -  338 words
    • NOTE Book
      • 84 13 Reuters [BANGALORE] Infosys Technologies Ltd, India's largest listed exporter of software services, yesterday said it had acquired Australian software company Expert Information Services. The transaction value would be approximately U5522.9 million and would comprise payment in cash on completion of the deal and earn-out
        Reuters  -  84 words
      • 101 13 AP [KUALA LUMPUR] Malaysian oil company Petronas yesterday said it may acquire a stake in a US$55 million wind tunnel in Switzerland owned by its partner in a Formula One auto racing team. The tunnel, at Hinwil, near Zurich, which is home to the
        AP  -  101 words
      • 105 13 Bloomberg [NEW DELHI] India plans to pay US$l.3 billion of debt to the Asian Development Bank before it matures, taking advantage of its record foreign exchange reserves, a finance ministry official said. The government plans to pay the loan in the current fiscal
        Bloomberg  -  105 words
      • 71 13 Bloomberg [BANGKOK] Pojamarn Shinawatra, wife of Thai Prime Minister Thaksin Shinawatra, has won the right to buy a parcel of land in central Bangkok by outbidding Land Houses, the country's biggest homebuilder. Ms Pojamarn bid 772 million baht (5533.2 million) for about 5.4 hectares of
        Bloomberg  -  71 words
    • 427 13  -  Russian official: oil could go to Japan or China, or both From Anthony Rowley in Tokyo AN international consortium of Japanese, American, Chinese and South Korean firms is likely to be involved in exploring for oil in Eastern Siberia that could be supplied to
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    • 433 13 HONG KONG Surging mainland tourist arrivals helping to revive the economy Bloomberg HONG KONG'S jobless rate last month had its biggest drop in 20 years, returning to pre-Sars levels as surging tourist arrivals from China help revive the economy. The rate fell
      Bloomberg  -  433 words
    • 341 13 HONG KONG AFP BUSINESS confidence has made a strong recovery in Asia after a year in which the region was battered by the Severe Acute Respiratory Syndrome (Sars) and fears on Iraq, the Far Eastern Economic Review reported yesterday. More than 63
      AFP  -  341 words
  • Page 13 Advertisements
    • 58 13 This Christmas, y fill your stocking to the j brim with great sound offers. Cabasse Xo and Onkyo TX-SR6OOE at an incredible $2488 H Ambient Acoustics Pte Ltd A i #02-10 The Adelphi Shopping Centre, amdi en t Coleman Street Singapore *****3 I Acous t c s W:«334 25« Email
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    • 103 13 J7« 'fUt H\aimk y Ijwtffctirtfyj k, h#n*, ffiofl OIK) fiwi ckoidi ywi, m CMtofflisM ort®w olso ovoiloMv 6pcs Hong Tan Sofa Set 4pcs Hong Tan Hong Tan %-> #?Y J- Side Table Set 048"_7pcs Dining Set 6pcs Hong Tan Sofa Set w/ H I f^B Cushion Glass Top C 3
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  • WORLD news
    • 335 14 NEW YORK Morgan Stanley, Goldman beat expectations on high trading Reuters, Bloomberg WALL Street's biggest investment banks have reported Q4 results topping expectations on trading of bonds, currencies and commodities. Morgan Stanley, the sec-ond-biggest US securities firm, yesterday said profits rose 42
      Reuters,; Bloomberg  -  335 words
    • 205 14 NEW YORK Bloomberg COMPANIES will spend a record US$5 billion in classaction securities settlements this year, led by Lucent Technologies Inc's US$62O million payout to shareholders in September, according to Rockville, Maryland-based Securities Class Action Services. As much as US$l.B billion hasn't been
      Bloomberg  -  205 words
    • WORLD Watch
      • 95 14 Reuters [LONDON] Oil prices touched fresh nine-month peaks yesterday after a heavy fall in US fuel stocks just as the US braces for another bout of cold weather. New York crude futures rose 39 cents to U5533.74 after hitting U5533.78 in electronic trade, the highest
        Reuters  -  95 words
      • 106 14 Bloomberg [NEW YORK] Wall Street firms will increase bonuses this year by 25 per cent from a year earlier to US$lO.7 billion, according to estimates by New York State Comptroller Alan Hevesi. Brokerages and investment banks will award average bonuses of U5566,800 per
        Bloomberg  -  106 words
      • 116 14 AP [SCHAUMBURG, Illinois] A day after announcing its new chairman and CEO, Motorola Inc on Wednesday filed with US regulators a roadmap for a US$2 billion spinoff of its struggling semiconductor unit. This is part of its move to focus more closely on its cell
        AP  -  116 words
      • 87 14 AFP [LOS ANGELES] US prosecutors on Wednesday indicted six French executives, including a former chairman of Credit Lyonnais bank, Jean Peyrelevade, on fraud charges linked to the bank's acquisition of US insurer Executive Life a decade ago. The US Attorney's office released the indictments
        AFP  -  87 words
    • 625 15 NYSE CHANGES New CEO John Thain will be given an annual pay of US$4m AP, ATT, Reuters [NEW YORK] The New York Stock Exchange has named John A Thain, the president of Goldman Sachs, as the new chief executive of the exchange. Mr Thain,
      AP,; ATT,; Reuters; BLOOMBERG  -  625 words
    • 328 15 NYT, Reuters [WASHINGTON] The Securities and Exchange Commission approved a reorganisation of the New York Stock Exchange on Wednesday, completing the biggest policy shift at the Big Board in three decades. The SEC gave its stamp to the change that was adopted by the exchange
      NYT,; Reuters  -  328 words
  • Page 14 Advertisements
    • 1225 14 To advertise call toll-free 1800 289 8822 E—il: noticesesptrcom^g IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF D G AD (SEA) PTE LTD (Formerly known as ADXPLORER (SEA) PTE LTD) (IN PROVISIONAL LIQUIDATION) ("the Company") (ROC NO. *****4034H) NOTICE Of APPOINTMENT Qf PROVISIONAL LIQUIDATOR
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    • 1027 14 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF COMPLANT INTERNATIONAL (S) PTE LTD NOTICE OF APPOINTMENT AND SITUATION OF OFFICE OF PROVISIONAL UQLHOATOH (CREOfTOWS' VOLUNTARY WINDING-UP L Jamstio Km Msoora. NRC No '*****11, ot 9 Battery Roao. #13-10 Stafc Trading Butong. Singaporeo499lo. tortby give
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    • 1041 14 IN THE MATTER OF THE COMPANIES ACT (CAP 50 1994 Ed) AND IN THE MATTER OF PRINT AND MAIL INTERCONTINENTAL (ASIA) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At in Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 29 Tampine* Street
      1,041 words
    • 972 14 IN THE MATTER OF THE COMPANIES ACT (CAP. 50.1994 Edl AND IN THE MATTER OF PQR DELIVERY SERVICES PTE LTD (In Members' Voluntary Liquidation! NOTICE OF RESOLUTION At an Extraordinarv General Meeting ot the members oi the abovenamed Companv duly convened and held at 29 Tampines Street 92. Singapore *****9
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    • 375 14 Notices IN TH€ MATTER Of THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of K. CHELLARAM SONS (FAR EAST) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuontto Section 308 (2) of Compont«» Act Cop 5a FINAL MEETING ol th. abovenomed Company will
      375 words
    • 432 14 NOTICE TO CREDITORS AND CONTRIBUTOR!ES OF FIRST MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BOON FONG MANUFACTURING 1 TRADING PTE LTD (IN COMPULSORY LIQUIDATION) (Companies Wlnding-Up No. 235 of 2003/P) (Under the Order
      432 words
    • 279 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF I.SECURE PROVIDER PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap 50, the Final Meeting of the Company and the creditors
      279 words
    • 330 14 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF ORION TRANSPORTATION PTE. LTD MEMBERS' VOLUNTARY WINDING-LP Ai an Extraordinary General Meeting of the Company duly convened and held ai 7500 A. Beach Road #12-312 The Plaza Singapore *****1 on 12 Ctecemher 2003 ai 10.00 a.m..
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  • 6 15 Transaction date: Dec 18
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  • 2 15
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  • 6 16 Transaction date: Dec 18
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  • 5 16 Transaction date: Dec 18
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  • 640 16 BONDS WARRANTS Pram Expiry T« Last Vat Conv Ent Dm Cmi Mtfcf Cod* Company Sal* *%>- COOO) *atk> Prita log Lett 3698 AST1W*****1 2* 1 16 -1 169 6 3697 Acma Ltd W*****6 OS unch 309 1 50 405 20 00 11 3602 Amtek W*****0 120 1 33 6 120
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  • Page 17 Advertisements
    • 251 17 jj( wM p^f JM i m TV GEOFFREY EU talks to a few Singapore-based expatriate women to find out what this time of year means to them here home countries. See a»j Ve lIjMSSP fc tß| WKf 11 1H11,.,/A HIIH/V& VIJHK^ p^^v F.m.d favourite party DJ HMM«HMMMWP|mQn||H aha Claud# Challo
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  • EXECUTIVE Lifestyle
    • COVER STORY/ARTS
      • 611 18  -  OFF the cuff The heat's now on Osama, now that Saddam has been captured. Here's a tongue-in-cheek note from him to the fallen dictator jaime ee DEAR SADDAM Very sorry to hear about your capture. But I have to say, better you than me. I thought I
        611 words
      • 291 18  -  By Darren Chiam IT was unfortunate that Ecnad Project chose to take the multi-media approach in its year-end performance last weekend which was a celebration and review of its past seven years in the dance scene. The company should have banked on the costumes, lighting and
        291 words
      • 1492 18 'Twos the week before Christmas, and all through the land. We 're shopping like crazy combat, hand-to-hand; Fake snow and fir trees are so high in demand. Though these are the tropics, with sun, sea and sand. 'Tis the season where gifts and goodwill
        1,492 words
    • CINEMA
      • 1057 19  -  at least for the next decade or so. It's what true movie magic is all about By Jaime Ee ALONG, long time ago, before words like "blockbuster", "A-list", "Matrix", "Schwarzenegger" and "Dumb and Dumberer" entered the lexicon of film, movies had a certain purity about them
        1,057 words
      • 544 19  -  By Cheah Ui-Hoon IT'S a good thing that unlike running a real marathon, you don't need much training except for a hearty, cultlike appreciation of the Lord of the Rings (LOTR) to sit through a back-to-back screening of parts one to three, with only
        544 words
    • 1380 20  -  Making Time Watch-lovers will of course recognise the name of Patek Philippe. But who's behind it in S'pore? LEELA JESUDASON finds out LEELA JESUDASON WATCH-LOVERS in Singapore, we're told, are often ranked up there among the most sophisticated. They love their watches, they know their brands,
      PHOTOS BY CHRIS LOH  -  1,380 words
  • 52 18 UNIT TRUSTS FUNDS LEGEND AH prices art indicative except for Ex Ringgit Asms. V Broadly Diversified; I narrowly Focused Lower Risk. A Low to Medium Risk. ft Medium to High Risk." Higher Risk; open-ended. ■efore subdivision erf units; After subdivision of units; SP after stock split N A-Non Oeatmg Day;
    52 words
  • Page 18 Advertisements
    • 58 18 mm** jt tns*n a r--r svoeENMANAGEMDasoivKBRyxu. /aCAA r J "we **********7 IiWHP.MLi,,... JLIIU ,J. W ,hBC>UWK3C7 s* BKBB Delivered new to Australia for one corporate owner in 1996. I If d*A ICk J Fastidiously maintained, ail AO's &SB's complied with. KVSM, TCASII with change 7, MS\X /jM GPWS, IWPS-10, BRNAV,
      58 words

  • Page 19 Advertisements
    • 139 19 Where to Mine, dine and entertain... Wookonds ond hoHday* ar» for hoaeHng down to Common's tor Tunch wtxK« our buffet iprood of ovf 80 dWm, «ndfcm How of bartoy, too or coftoi owaßryou. Mak* your iwofvaNortt of (66)*****132. Colwnan't WMfcancyPUWc Hoidoy fcmeti MM 12 neon »o 4.00pm Adul tl«J»*++ CMd
      139 words
    • 130 19 Jkjnga C/X^/INN mlood wimtmi B3^pißSßu^(^g^Q^Gudßßsil3a Open-air with sea-breeze Attap roof dining atmosphere Tty our specialty live seafood Lobster Sashimi Drunken Prawns Chilli Crabs plus Razor Clams, Geoduck. Variety of Live Fishes etc. Steamed, BBQ, Deep-Fried etc. 920 East Coast Parkway Tel: 6345 1111* Fax: 6345 2138 (Ample free parking for
      130 words
    • 169 19 CRAND PLAZA PARKROYAL Tis The Season To Be Jolly (o*n us for a delightful Christmas celebration St. Gregorys Brasserie 1 Courtyard 24 Dtuaktr International Buffer Lunch Adult $28 Child $16 Seafood Buffet Dtaoer Adult $49 Child $29 Gala Set Dtoner 565 per person wftfi novelties and a glass of wine
      169 words
    • 230 19 COMPLIMENTARY BT OUT of the office tomorrow? Then ask for a complimentary copy of The Business Times at Millenia Walk and selected F&B outlets at the following malls: Scotts, Liang Court, Plaza Singapura, Clarke Quay, Funan IT Mall, IMM, Tampines Mall, and Junction 8. 7># Phc* for hostsigis Christmas New
      230 words
  • Page 19 Miscellaneous
    • 211 19 CRYPTIC CROSSWORD Fed up when suntanned perplace for race from ruffian (4) variety of soup JH JK 27 No matter what happens during 1 1 1 whichever item in sports contest (2,3,5) place where plants are sold Flagstone, 11 Herein, 12Generated, DOWN (6,6) 13 Sepals. 17 End, 19 Margate. 20
      211 words


  • SHIPPING TIMES
    • 254 21 Reuters THE Baltic Dry Index rose seven points to 4,675, the Baltic Capesize Index fell five points to 6,677, the Baltic Panamax Index rose four points to 4,480 and the Baltic Handymax Index rose 210 points to 25,830. TIME-CHARTER: Channel Navigator (built 1997) *****8 dwt delivery Beilun 24/27
      Reuters  -  254 words
    • 293 21 SGX '000 Dec It SS V«l CHOffshore .035 unch 111 Chuan Hup 0.47 0.01 626 Cosco Investment 0.60 -0.01 769 CWT Distribution0 55 -002 15 Ezra Hldgs 0.87 -0.02 165 Freight Unks 0.12 -0.01 4589 GB Holdings 0.70 0.03 10 Jaya Holdings 0.77 0.01 242 K1 Venture .022
      293 words
    • 728 21  -  China's 2nd busiest port is expected to maintain 40% growth this year By Beth Jinks [SINGAPORE] Stronger than anticipated growth at China's second busiest container port, Shenzhen, will see it trail mainland front runner Shanghai only slightly and overtake South Korea's Busan Port in full year
      BLOOMBERG FILE PHOTO  -  728 words
    • Article, Illustration
      72 21 [HAMBURG] Members of the environmental organisation Greenpeace preventing the Spar Topaz cargo ship, carrying a load of genetically modified soja.from approaching the Hamburg port. The cargo, belonging to German distributor Metro, is expected to be used in the manufacturing ofanimal feed, though Greenpeace claims it will end up
      AFP  -  72 words
    • 141 21 Bloomberg [BANGKOK] Thoresen Thai Agencies, Thailand's biggest shipping company by market value, agreed to sell one billion baht (SS43 million) of new shares to ING Bank and its Thai unit through private placement to finance expansion. Thoresen Thai will sell 29.41
      Bloomberg  -  141 words
    • 285 21 Bloomberg [LONDON] Freight rates for very large gas carriers, the biggest ships that carry liquefied petroleum gases such as propane and butane, were little changed as bookings slowed and the supply of ship increased. Two such tankers were booked from the Mediterranean
      Bloomberg  -  285 words
    • 128 21 [SINGAPORE] Germany's director-general of shipping and aviation, Dr Hans-Jurgen Frobose, is here on a two-day visit under the Maritime and Port Authority of Singapore's distinguished visitors' programme. Dr Frobose, 62, oversees the directorate of civil aviation, space flight and shipping which is part
      128 words
    • 1045 22  -  ADMIRALTY CASEBOOK By Selva Kumar THE English Court of Appeal has refused to depart from a 19th century House of Lords decision that a voyage charterer owes an "absolute and non delegable duty" to provide cargo for loading. In a decision earlier
      FILE PHOTO  -  1,045 words
    • 3 22
      3 words
    • 3 27 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 585 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E3291 J3 A/SIDE 19/12 0200 CITRA LINE 1 JBD03A J8 A/SIDE 19/12 0200 DALIAROJA 53 J15 A/SIDE 19/12 1800 GM 35 24/03 17 A/SIDE 19/12 0630 PULAU NANAS 11/03 J3 A/SIDE 19/12 1200 RUBIN STELLA 63A J22 A/SIDE
        585 words
      • 2 29
        2 words
      • 166 29 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. Brunei: Christmas Day. Canada:Christmas Day. France: Christmas Day. Germany: Christmas Day. Indonesia: Christmas Day. Italy: Christmas Day. Malaysia: Christmas Day.
        166 words
      • 786 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 based on averagesued stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        786 words
      • 26 29 U/F wriMaraMi nmra—Oinmmm ly»tf»TD«vn>iili—i irrte—— IwmtMlmiwPt*—HwltMatTtUHrttalttaiHw—|M>l—in. My »»»«>— ri»>U>w|nrMMt»lri^ni»«r>W>lly.Clwp«illl»>W >—w»*tim»lM«nwttwiH— dtoMwUmpi—tfn«»rCiMi«lrtirMMlMl tn inimini' 4 trmiPMVFlrmi— tenrtc—-TtiWim om-ss7-«o*a t*uc imsm onv ukc. r«c om-ssr-wvz.
        26 words
    • AIR & LAND transport
      • 514 30 It already has a plane that's more economical, says French planemaker Bloomberg [TOULOUSE] Airbus SAS said Boeing is greatly overestimating the potential market for the 7E7 Dreamliner and that it's not planning a response because it already has a plane that's more
        Bloomberg; BLOOMBERG  -  514 words
      • 246 30 Bloomberg [TOULOUSE] Airbus SAS said it won a firm order from Qantas Airways Ltd to supply the Australian carrier's new Jetstar discount unit with 20 A 320 planes worth about US$l billion. The order confirms a commitment announced on Dec 1. Jetstar
        Bloomberg  -  246 words
      • Article, Illustration
        63 30 [GREENSBORO] Japanese auto maker Honda Motor Co's small business jet takes off during a test-flight at the Piedmont Triad Airport in Greensboro, North Carolina. Honda said it has succeeded in test-flying the six-seat HondaJet, the world'sfirst business jet made completely by an auto maker, and powered by a
        REUTERS  -  63 words
      • 609 30 Govt will step in to help if problems arise, says Thaksin AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra on Wednesday assured that construction of Bangkok's much-delayed new international airport will be finished "on time" and will open in late 2005. "The construction will
        AFP; EPA  -  609 words
      • Article, Illustration
        81 30 [NEW YORK] The new Air Train exits a station at JFK Airport in New York City. Air Train is a light rail service that connects John F Kennedy Airport to the MTA Long Island Rail Road trains, MTA New York City Transit subways and local buses at the Howard
        AFP  -  81 words
      • 341 30 Bernama [KUALA LUMPUR] Lufthansa German Airlines will introduce four weekly flight services between Kuala Lumpur and Frankfurt via Bangkok, starting March 28, 2004. With these new flights, Lufthansa once again connects Malaysia with Europe via its hub in Frankfurt.
        Bernama  -  341 words
      • 404 30 Llltu IN) KM cm AIRLINE COCKS AA Amman Arrtnes (AM.), Af Ar Frwce(Mß)Al Arlnda(AK).AY FmarOy(FIN)AZ Arura Amies (AZA) BA Bmsh Amays Pubic Ltd Co IBAWI BG Brnir fangaoest Artnes (BBCI Bt Royal Brunei Artnes Sdn Bhd (RBAI BO Bound Artnes (BOU) BR EVA Arrays Corpn (EVA)
        404 words
  • Page 21 Advertisements

  • Page 22 Advertisements
    • 811 22 I TO USA/CANADA I I EXPORT 1 1 OTHER DESTINATIONS I VSSa jvOY PKG |HHII|IONGBEACHjMIIAS j HOUSTON jKMfWS J CHKAGO|NBWYOtI TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) noNooorosTUYVßAir 21m i*/i2 17/1? 02/01 06/01 09/01 07/ji 07/01 10/01 vtsscl voy Irnsm I pig m —Si —syd~1 —mil am PtO NEDUOYD HOUTMAN 19C52 23/1?
      811 words
    • 540 22 Unes services represented by of thMembers of the Regislry of .;r.;~. K IMS Accredited Shippng Agents, "jjg Singapore Shipp«"g Assockrfioo SOC lOn Has/ CONVENTIONAL CARGO PORT KUNG/SMGAPOtf/iMUUtn t MNGKOC VUY ETAPKL ETA SIN ETA MALE Prtamslih 1103 Iftt 22/12 31/12 Maid Star M 4 Wl2 12 29 12 LID MARINE
      540 words

  • Page 23 Advertisements
    • 1295 23 TO EUROPE FROM EUROPE ivcsa Ivors* or tm urn ham wv sou i» [[visa Ivor rtm mm ham hiv sou m sot I HTUOMIHRY 119W 22/12 09/01 11/01 13/0107/01 MOl PROGRESS Old 01/12 03/12 01/12 07/1221/12 am.emu* 122W25/12 14/01 i*/oi 12/01 m.tcm ii« 05/12 M/12os/12 M/ 12 mxumma owv 20/12
      1,295 words
    • 2282 23 MONTHLY CONTAINERISED SERVICE TO SOUTH MCIFIC ISLAND Of tosT«supping pti LTD sexr™™ S&S™ ""SKST "SffiS I SUVA/LAUTOKA(FU) a» l"«W»Sl nLWMINOIMiI WMUO (D/O) *****7U *****310/40 I DAfrCrrt mumi i/»rw M?osi2s tmsiu/4* I rAruM (TAHITI) JOHOrsoma: conventional *****450 *****204 I (osui agpiois w sow wo m: omsjaiaa HULO7-imi7o k. Wi/vov ser hkc
      2,282 words

  • Page 24 Advertisements
    • 581 24 I Jk A ENOUtWeS/BOOKINOS: #*****44 FAX; *****433 E-MAIL: MnuiCMmucoxijg c LIYIMw DOCUMENTATtOKS/OPERATtONS: 533»3«37 FAX: 333*0177 NuwvmwuiiNus amacmtNamrnnmrn/wtsi tna YKStI VOT SIN HtUWOW IUAWO* POWfTC HOME MAT AM UWIVIUI AtIOJAMTIMA 104 M TBKAH COTOMOU AfAPADOUAIA jONM MNEOKTO* 704W 20/12 04/01 08/01 12/01 15/01 11/01 14/D1 14/01 17/01 20/01 124/01 007W 23/12
      581 words
    • 256 24 WH VASCO MARITIME PTE LTD. OFFERS WEEKLY CONTAINERISED SERVICES FROM SINGAPORE/MALAYSIA/INDONESIA TO INDIA NHAVA SHEVA, MUMBAI, KANDLA. CHENNAI, CALCUTTA ALL CDS PAKISTAN KARACHI INLAND SECTORS, ALSO SERVING AFGHANISTAN ARABIAN GULF DUBAI. ABU DHABI. SHAH)AH, BAHRAIN. DAMMAM, BANDAR ABBAS KUWAIT SOUTH EAST ASIA P. KLANG, PENANG, PASIR GUDANG, JAKARTA, SURABAYA, BANGKOK,
      256 words
    • 1463 24 WAN HAJ MfBtNATIONAL PTC LTD omot 14»*****00/R \T\ki\ IMAM UAI iiycc Y vl WAN HAI LINES mnD4moooNutnucn pmi iodn*s*wmlimitmwi www wiiliii w win hi— wnww nioomiwi m nan w JI ii Ml K wr JLJLJL IuUiVNK win 20/12 22/12 itu/12 0/1! Iwmmi233 mi wn 1,/>} I'/u »n/u 23/12 2V12 21/12
      1,463 words
    • 561 24 BSA x MYANMA BH FIVE STAR UNE (Myoaaor Notioaal Um) loodiag fof Ynjo« ttSSa VOY SIN P*l PEN PGU HPA-AM 31SW SU> PAGAN 323W SU> IN MAUTSIA: lOUSTIAO SHIPPING AGENCIES KUL 03-*****300 PKL 03-3176*101 PHI: 04-*****02 ACCEPTING COMVEMTIOBAL C6O VESSQ VOT NRG SIN PGU PU KIK OtIENT KING 115 SID
      561 words

  • Page 25 Advertisements
    • 1212 25 IRISL/ }}y$ M-&Q to Oiks SUMsM 3oJ)j s&ZMpfe QfojfeXysJifJ ibMA hiilto*) }s>? ft® toikllfts] JJ&dnJg to ]j*sJjj VS&JJ fts> (gotten e&ynftjtfm to Qihs ife&Qmi) fcsmgfo tims* AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INDONESIA SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SON BHD PT SINOSE CONTI PERSADA TEL *****144
      1,212 words
    • 670 25 i Pfrrr>l UK CONTINENT SERVICE Loading for KALMA RTM/ATW/BMN/UK/NAN ASIEIAT RTM/ATW/BMN/UK/NAN Loads Singapore, EVW. Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for P LAMER DBl/ABU/DOH/BRN/DMM/KWT GRAIN TRADER JDH/AQA 'Loads Singapore, EVW Malaysia. Indonesia USA SERVICE Loading for AVENTICUM CAM/NFK/SAV/NOL NENA F CAM/NFK/SAV/NOL 'Loads E7W Malaysia Indonesia F.E./S.E.A. SERVICES S pore Loading for
      670 words
    • 1193 25 Jsssa m m tsu rasa m ui ml mciahda now IZZI2 !IZU_ TfKWU tlfij] lt/ii 20/11 pacmmpa now HZI2 n/i? AIiMUTi 7 till 21/1? m/h PACRAHOA 1104N 20/12 21/12 ntMII £1412 25/12 17/12 nc RANOA HH nm 22/12 AUMJATA2 u?t 20/12 30/12 m lAW>A iifiM 22in 23/12 P*c lANDA 1107N
      1,193 words

  • Page 26 Advertisements
    • 609 26 ■PffTfIRIIIGHSEA 142N 16-17/12 24 25/12 30-31/12 I ■HMiMM TIGER BRIDGE 143H 20-21/12 27 28/12 03-04/01 I ■fiQiQH TIGER SHARK 144N 23-24/12 31 01/01 06-07/01 I ■■■■TIGERSKY 14SN 27 21/12 03 04/01 10-11/01 I BBBIMTI6ERSEA 1461 i 30-31/12 07 04/01 13-14/01 I 01-01/01 1 ■MMttMIKRIPi 120 20-21/12 26-2S/12 05 06/01 I
      609 words
    • 1055 26 FREIGHT LINKS EXPRESS PTE^LTD--51 Penjuru Road, 3 Level, 1 'vmL Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@singnet.com.sg LCL SERVICE TO JAPAN/INDONESIA/PHILIPPINES/CANADA OSAKA KOBE JAKARTA VANCOUVER YOKOHAMA CEBU TOKYO MANILA Booking Jk 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 PROJECT Gr HEAVY LI FT CARGO (CONVENTIONAL O RORO) Lawrence Lim 6267 5555, H/P: 9749 1977 lawrence®flesin.com.sg
      1,055 words
    • 1671 26 H ■B|Ha jk OfttiTM COM: PO nn 7 I lIVICw ano i37W>MOOO<X IW*-httK//^2iML(Mi rm 1/ MAIN: Ttt: 6221-1333 FA* 6211-5272 /M MM CUSTOMS) SSfVKI: TIL 6221-5596 FA* ******90 I SWGAPOtI: TONC JOO SMPPWG PTI LTD Tmifr tntitn|rfjT i K6HAI CONTAINiRISKD SERVICES TO MAUYSU, BRUNEI, MYANMAI All VIETNAM mm ror n«mm
      1,671 words



  • Page 29 Miscellaneous
    • 136 29 5 FOR 7AM 19 Dec 2003 e f V/ 27 j J Y I ®jjjjjBP iL iSll.'SU.\ .4 Mi F rf i gi^. Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers Fu c rcle w/o line indicates calm or light and variable winds p a j n
      136 words