The Business Times, 23 December 2003

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Total Pages: 24
1 24 The Business Times
  • 14 1 MITA (P) 024/03/2003 THE BUSINESS TIMES SINGAPORE I inene; Srtp://business-times.asial.com.sg TUESDAY, DECEMBER 23, 2003
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  • 781 1  -  Picking their fights, they often put local banks on the defensive By Siow Li Sen [SINGAPORE] This has been a turbo-charged year for foreign banks operating in Singapore as they expanded their market share by leaps and bounds. It's not that local banks
    781 words
  • 810 1  -  Master developer's refusal to disclose all bids upsets market By Kalpana Rashiwala [SINGAPORE] Seven of the maiden 18 bungalow land plots for the new waterfront housing district of Sentosa Cove have hot been awarded because the tender bids were below the expectations of
    810 words
  • 797 1  -  Rebound has also not been enough to recoup losses By Daniel Buenas [SINGAPORE] The hotel industry may be out of intensive care, seven months after the Sars crisis peaked, but some hoteliers say the effects of the outbreak may
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  • 71 1 sn 1,***** (+11.68) ST INDEX FUTURES 1,728.00 (+6.00) SIMSCI FUTURES 211.10 1.60) Monday Change KLSKCOMP ***** ♦5.55 NIKKKI fll -.mH- >87.97 HAM! SKN(i 12.*****.. ***** SET POn 718.39 «9.I8 JAKARTA C0MP .674,19 *110 MANILA 00MP 1.421 IB 1.21 TAIPKI WPI UWI »M SKOI'LCOMP BUM -666 SHKNZHKN K 269JB 156
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  • 83 1 FOREX RATES us$ s$ I SS(SSp«-| SS) 1 7«K* SilTSS/SS per I 7W» 3018 ETROU S$/SS E| 1239 2117 YEN 107.6 MINI KM 3 H00 2 224 HKS 7.765 4,>44 BAHT 39 2320 RI'PIAH R492 4.87(1 RKNMINBI _(M 4MB INDIAN RUPEE 45.53 2fiS4 AS 1.360 07% NZS 1.558 0912
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  • NEXT page
    • 740 2  -  But sales volume is expected to pick op, says property agency By Kalpana Rashiwala [SINGAPORE] After rising less than 10 per cent in 2003, HDB resale flat prices should stay flat next year, says ERA Real Estate. But the property agency
      740 words
    • ON THE grapevine
      • 138 2 It must have been a wealthy guest to misplace 1.1 million rupees in a hotel room and not notice it. The money was found in the room of Sri Lanka's limited-overs captain Marvan Atapattu during a cricket test match against England last week. No one, according
        138 words
      • 126 2 Former Spice Girl Victoria Beckham has revealed that she spices up her love life by having phone sex with husband David Beckham when he is not around, that is. Posh has also admitted that the lyrics of her new single. This Groove, is about erotic
        126 words
      • 78 2 Computer delinquents are taking some of the fun out of Christmas. While most organisations wish their customers a Merry Christmas. China wishes computer users a "virus-free Christmas" and warns you to be wary of festive e-mail greetings. Liang Hong, director of China's National Computer Virus Emergency Response
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    • 383 2 An eventual managed float is also on the cards AFP [BEIJING] China's central bank is quietly moving ahead with a plan to peg the yuan to a basket of 10 currencies, instead of the US dollar alone, state press
      AFP  -  383 words
    • 860 2  -  But a further sustained slide of the dollar could trigger off instability, says Neil Behrmann in London Neil Behrmann GLOBAL easy money policies and historically low interest rates generated a remarkable bull market in stocks for international investors in 2003. But the trend
      860 words
  • Page 2 Advertisements
    • 61 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: SimonneToti T: +65 6535 3382 F: +€5 6535 3991 E: singapore@ocra.corn.sg
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  • SINGAPORE companies
    • 482 3  -  Investors will be spoilt for choice, with nine companies lining up to list Reports by Kenneth Lim A BIRD, a phone plan, a superstore these are just some of the initial public offering plays flying your way when the new year arrives.
      ARTHURLKE  -  482 words
    • 569 3 JUST two hours after it launched its initial public offering last week, Sin-gapore-based biotechnology start-up Rockeby Biomed Corporation could close its books because the response to its offer was so good. But chances are most local investors did not apply for the
      569 words
    • 683 4  -  HOCK lock siew r sivanithy AT this time every year, it's customary to put together a wishlist for the local stock market as it heads into the New Year. For most people, such a list would contain only one item for the market
      683 words
    • 488 4  -  Its stake in the holding company will be reduced to 60% after listing By Serena Ng ONE of Singapore's largest listed makers of customised plastic parts, Fu Yu Manufacturing, plans to list two of its Malaysian subsidiaries on the Kuala Lumpur
      Source: Reuters  -  488 words
    • 475 4  -  The bank says it will rake in a profit of $36.5 million after expenses By Wong Wei Kong OCBC Bank, divesting its non-core assets, has sold its Mount Emily Road property for $50.4 million to a Hong Leong group company, which includes
      475 words
    • 287 4 Deal with Novartis unit to be completed by 1st qtr of 2004 ZAGRO Asia, which provides healthcare and nutrition products for farm animals and commercial crops, is acquiring two new product lines for about $7.5 million. The company said yesterday that Zagro
      287 words
    • 509 5  -  Japanese court clears acquisition of Footwork Express in which it will have a 30% stake By Taila Krishnakumar SEMBCORP Logistics (SembLog) announced yesterday that it is ready to launch operations in Japan following the approval of the acquisition of Footwork Express, a local
      FILE PHOTO  -  509 words
    • 473 5  -  Small rise in local rates, the first since 1995, to compensate for higher GST By Tang Weng Fai SINGPOST announced yesterday a small increase in postage rates, its first since 1995, although a similar move in June was rejected. The monopoly postal operator said that
      473 words
    • 250 5  -  It says Tay Swee Sze will focus on sound corporate governance By Joyce Koh HESHE Holdings yesterday announced the appointment of a new chief executive officer, a week after BT reported that the loss-making garment firm was seeking a white knight to resuscitate its business.
      250 words
  • Page 3 Advertisements
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      158 words

  • 3493 4 UNIT TRUSTS FUNDS com aobannfatK index o ss& Com Global Energy mdei Fd 1 003/ Com Global Trawl mde» M 080V A*NAmro Asset Mgt (Spore) Com S pore Bond Find/* 1082/ S» e££ tod 126/ Cn»*t Agricote Asset Mgt S port Ltd S» Europe Bi 1 044/ Indocam Asia Vision!
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    • 41 4 SEIKO Precision 24-PIN HIGH SPEED DOT MATRIX PRINTER B Call Uf today to arranga for i tr— damp without obligation. J 0* Exclusive Distributor Jfltranet 194 Panda" Loop. #04-11 Pan Tech Industrial Comptex, Singapore *****3 Tel: 6778 8238 Fax: 6778 6632
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  • Page 5 Advertisements
    • 30 5 Insiders' trades. mbm mmm Brokers' recommendations. Dividend table. The pages also cover I C/)l transactions by directors and I < substantial shareholders. ln °ther words, 2^ news you can use. ■IummmffiSUU
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    • 193 5 IM your wines sta* cool and dassy Jy this festive season! kadeka Lifestyle gets better Kadeka wine coolers: Spacious, sleek and cool. Perfect for your festive parties. Kadeka's classy range of wine coolers stores your wines at the ideal temperature with a digital thermostat. Don't waste your wines by storing
      193 words

  • SINGAPORE markets
    • Article, Illustration
      598 6  -  Complied by SERENA NG KeppdCorp M oc Ptc a CiOIWg Wis KEPPEL Corp announced over the weekend that the consortium of its 60 per cent owned subsidiary, FELS Setal in Brazil, and Technip Engenharia SA have signed the US$775 million contract for the construction of the P-52 platform
      598 words
    • 284 6  -  HOT STOCK WARRANT By Wong Wei Kong YESTERDAY was a session when mostly penny stocks topped the most actives list but Singapore Telecom was one blue chip that bucked the trend. Sing Tel shares closed up four cents to $1.91 with 15 million
      Source: Bloomberg  -  284 words
    • 525 6  -  BT comment STOCKS r. sivanithy ON the face of it, the most notable feature of yesterday's trading action was the 11.68 points rise in the Straits Times Index to 1,722.49, a move that had all the hallmarks of a window-dressing attempt since
      Source: Bloomberg  -  525 words
    • 627 6  -  BT comment CURRENCIES European currencies hold up better than As, NZ$ larry wee CURRENCY market activity yesterday was in wind-down mode ahead of a week that will be thinned by an extended Christmas break, but the Japanese yen remained stubbornly firm despite some profit-taking
      Source: Reuters  -  627 words
    • TRADES TO WATCH
      • 71 6 ONE of Datacraft Asia's independent directors, Frank Yung-Cheng Yung, on Dec 15 sold 20,000 shares at US$l.l9 each in the communications and networking systems integrator held through his vehicle Winseng Pte Ltd. The open market sale by Winseng reduced Mr Yung's deemed shareholding in Datacraft to
        71 words
      • 131 6 LEE Ah Bee (above), the founder and executive chairman of Amtek Engineering, and Foo Shu Huan. one of the group's executive directors, each bought more shares last week in the mainboardlisted precision components maker. Mr Lee bought 81,000 shares on Dec 18 and 19,000 shares
        131 words
      • 82 6 POUR directors of Chinese shipping group Cosco Corporation (Singapore) Limited on Dec 18 exercised options relating to a total of 1.06 million shares at 20 cents each. Managing director and president Ji Haisheng acquired 300,000 shares, while alternate directors Gu Qichang. LI Jianxiong and Ye
        82 words
      • 61 6 KING BOARD Copper Foil Holdings yesterday said its parent company's deemed stake has increased further to 60.69 per cent from 60.5 per cent, following purchases of 672,000 shares on Dec 18 at 40.29 cents each and 662,000 shares on Dec 19 at 40.66 cents apiece.
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      • 73 6  -  Complied by SERENA NG HONG Kong's Gold Peak Industries (Holdings) continues to buy shares in its Singapore listed subsidiary- GP industries. It acquired 504,000 shares on the open market on Dec 19 at an average 95.9 cents each, raising its direct shareholding in
        73 words
    • Article, Illustration
      429 6 OTHER SINGAPORE INDICES Dec 22 VALUE CLOSE BT06/0S -155.00 +89.00 BTCAM -*****.00 -91.00 BT 10-day MA -*****.00 -15.00 AB-SG Equities 462.78 +2.05 SG Equities Elect 172JJ5 +1.00 SG Equities Fib 1443.47 +12.07 SG Equities Prop 424.54 +2.55 MSCt Singapore 210.60 +1.54 SMSCI Futures 211.10 +1.60 Stocks Volume LantroVis2c 27,071,000 CreativMast
      429 words

  • SMALL caps
    • 745 7  -  Sincere Watch aims to cultivate a loyal following of luxury watch lovers, says JOYCE KOH JOYCE KOH IF THERE is one company that does not mind splurging on extravagant parties attended by celebrities, it would be the 49-year-old Sincere Watch. In fact, its annual reports look
      FILE PHOTO  -  745 words
    • 365 7  -  By Teh Hooi Ling CHRISTMAS is just two days away, but the market for small capitalisation stocks has given investors little to cheer about. Compared with a week ago, the UOB Sesdaq Index is down 3.2 per cent. Our small-cap portfolio, however, just managed
      365 words
  • Article, Illustration
    1116 7 I Transaction date: Dec 22 PTTERBAME CROSS RATES AS C$ «wb Euro HK$ Iik) to hipiah Van Won W Wh Pwo SS Rand Sir MTS Balrt Pom* USS Australia 0.983 6.102 0.593 5.709 33.480 62.441 0.791 8.783 2.794 LW5 42.220 40.817 1256 5.117 0.923 25.039 29)49 0.416 0.735 Canada
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  • Page 7 Advertisements
    • 24 7 section which offers news and views, reviews and previews from the world of high tech, the Internet and the World Wide Web. TheßusinessTimes inoapomi
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  • FOCUS property
    • 475 8  -  Developer also likely to be top seller with 1,700 homes sold so far By Chen Huifen FAR East Organization's Icon project looks set to be the best-selling condo project this year, possibly also making it the developer with the highest sales
      FILE PHOTO  -  475 words
    • 228 8 Market stabilises after last year's gains, it says Bloomberg [LONDON] UK house price inflation slowed to an annual rate of 9.6 per cent in December from the previous month, a property website said, indicating that the housing market may
      Bloomberg  -  228 words
    • 288 8 Reuters (LONDON] Shareholders of British property firm Canary Wharf removed a key obstacle to a £1.56 billion (554.68 billion) takeover by US investment bank Morgan Stanley yesterday by backing the sale of two buildings. At the start of an extraordinary shareholders' meeting,
      Reuters  -  288 words
    • 158 8 Bloomberg [HONG KONG] Cheung Kong (Holdings) Ltd, a developer owned by billionaire Li Kashing, said it raised rents by 25 per cent at The Center, a building in Hong Kong's financial district, as the company signs more tenants. Hewlett Packard Co has signed
      Bloomberg  -  158 words
    • 275 8 Investments have already surpassed 2002 figures AFP [SHANGHAI] Shanghai's surging property market is expected to contribute 7 per cent to the eastern business hub's gross domestic product by year-end, slightly higher than in 2002, state press reported yesterday. In the first 11
      AFP; REUTERS  -  275 words
  • Page 8 Advertisements
    • 69 8 PRIME SUNTEC OFFICE M JfWk FOR SALE BYTENDER MkfiW Tender closing 4 pm on Monday, 19 January 2004 Sole Agent Jacky Chan ***** 828/ 9681 6553 Lee Siew Ling ***** 876/ 9796 6597 Li an he Zaobao if I AbOOStlor I I Stamford Tyres I I from China's I I
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    • 1840 8 Notices CHI am; zhi maritime PTE LTD MEMBERS' VOLUNTARY WINDING-UP At an hxtraordinary General Meeting of the Company held at 131 North Bridge Koad #07-01 Odeon Towers Singapore *****00n Thursday. IK December 2001 at 10 00 a.m.. the following Special Kcsolutions were passed It was resolved: That the Company be
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    • 335 8 IN THE MATTER Of THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of NOVOCOM PTE LTD (PROVISIONAL LIQUIDATOR APPOINTED) Statutory Dtdorohon by director* of Compony's mobility to continue business by iso ion of its liabilities Nome of Compony NOVOCOM PTE LTD Company No *****3516E We UM SAY WAN. of
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  • SINGAPORE news
    • 439 9  -  Survey finds record levels of Asian, US CFOs confident over 2004 prospects By Anna Teo FINANCE chiefs around the world particularly those from Asia are a bullish bunch. Notably, their confidence about their regional economies seems to have soared this quarter. The
      439 words
    • 525 9  -  Swiss private bank eyes Japan, China, and India markets By Taila Krishnakumar HAVING established a foothold in Singapore, the venerable Swiss private bank ÜBS is now ready to push further into the rest of Asia, including new markets such as China and India. "Asia
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    • 276 9  -  By Samuel Ee CITYCAB plans to stagger its midnight surcharge by lowering it and bringing it forward half an hour to improve the availability of taxis. Currently, a surcharge of 50 per cent of the meter fare is levied on all trips between midnight and
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    • 397 9 EYE on the economy Reuters PERSONAL and corporate bankruptcies in Singapore fell 24 per cent in November from October, helped by a rebound in the city state's trade-driven economy, official data showed yesterday. Latest figures from the Ministry of Law showed that the number of
      Reuters  -  397 words
  • Page 9 Advertisements
    • 29 9 We've MADE a HAUL! Share the good news with your shareholders. Releasing a financial statement? Call 1800-*****22 or email: notices@sph.com.sg to book your Notices advertisement in our newspapers now.
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    • 217 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CARBONE SOUTH EAST ASIA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act. Cap. 50 that the Final Meeting of Members ot the
      217 words
    • 338 9 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 FCAI COMMUNICATION AGENCY PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting ot the Company deemed to be held at 390 Havelock Road *08-01, King's Centre. Singapore *****2. on 18 December 2003, the following resolutions were duly passed: 1. SPECIAL
      338 words
    • 554 9 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF NOVOCOM PTE LTD (PROVISIONAL LIQUIDATOR APPOINTED) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN (hot pursuom to Section 296 of the Companies Act. Chapter 50 a meeting of the creditors of the abovenamed Company will
      554 words
    • 106 9 3.30pm 5.30pm Weekends, 6.30pm -lOpm, -5.30pm L Adult go at the Phoenix Garden Cz.fi, the home of great rod pnd& Christmas traditiorii will not be the same when you celebrate at Crirden C2.it. Sink your teeth into the traditional ChrUtma* witfc afgSiffl untraditional twbt, Hotel Phoenix's crispy, fragrant roti prata
      106 words

  • EDITORIAL & opinion
    • 734 10  -  THE bottom line OPINION nicholas kristof IS China a threat to the rest of the world? Perhaps, for rising powers have always spelled trouble for their neighbours, even in the case of democracies like Athens (the Peloponnesian War) and the US (we managed to invade
      734 words
    • 94 10 'I have been asked that question 100 times. There are rumours that I am being groomed for the post but they are baseless.' Gamal Mubarak Egyptian President Hosni Mubarak's second son. on his political future after the 75-year-old president who has governedfor 22 years leaves the scene
      94 words
    • 562 10 EDITORIAL Indonesia approaches 2004 on an economic high. Its macroeconomic conditions are more stable than at any time in the past six years; it has one of the best performing stock markets in the region and it has graduated from the International Monetary Fund's economic
      562 words
    • 1245 10  -  They are a costly form of security and more efficient uses must be found for them By Ramidshen S Rajan IN just over six years, global international reserve holdings rose markedly from US$l.5 trillion in 1996 to US$2.3 trillion by mid-2003. The bulk
      REUTERS  -  1,245 words
    • 807 10  -  COMMENTARY By William Pesek Bloomberg WITH Thailand's stock market up more than double in US dollar terms this year, a troubling word has reentered investors' lexicon: bubble. It's natural to wonder if Thailand's economic fundamentals support that kind of rally. The nation's central role in
      Bloomberg  -  807 words

  • REGIONAL news
    • NOTE Book
      • 79 11 Bloomberg [BANGKOK] The Thai government wants the country's small commercial banks to merge so they can compete with overseas rivals, said Finance Minister Suchart Jaovisidha. "Thailand should have no more than three or four large banks," Mr Suchart said. "The merger will help
        Bloomberg  -  79 words
      • 82 11 AFP [TAIPEI] Taiwan's unemployment rate in November fell for a third consecutive month to 4.71 per cent, mainly due to a decrease in the number of first-time job seekers, officials said yesterday. The Directorate General of Budget, Accounting and Statistics said the November jobless
        AFP  -  82 words
      • Article, Illustration
        53 11 Reuters [TAIPEI] A young patient, togged up in festive mask, decorating a Christmas tree in the paediatric ward of Mackay Memorial Hospital here yesterday during a birthday party. A new Sars scare broke out when a Taiwanese military scientist tested positive for the disease last week. He is
        Reuters  -  53 words
      • 103 11 Bloomberg [TAIPEI] Taiwan companies invested US$4.O7 billion in China in the first 11 months of the year, a rise of 19 per cent from a year earlier, as the island's manufacturers built more plants across the Taiwan Strait to take advantage of cheaper labour
        Bloomberg  -  103 words
      • 70 11 Bloomberg [PARIS] Veolia Water, a unit of Veolia Environnement, has signed an 8.5 billion euro (SslB billion) contract to distribute water in Shenzhen, China, the world's biggest water company said in an e-mailed statement. Veolia, together with Bejing Capital Group, will buy 45
        Bloomberg  -  70 words
      • 96 11 AP [NEW DELHI] India's largest carmaker Maruti Udyog Ltd yesterday said it has cut its staff by more than a quarter, with more than 1,250 employees accepting an early retirement offer since September. The company, which once enjoyed a near monopoly in the Indian car
        AP  -  96 words
      • 59 11 Reuters [MANILA] Philippine President Gloria Macapagal Arroyo named a female career diplomat as foreign secretary yesterday, replacing Bias Ople who died of a heart attack a week ago. Delia Domingo-Albert, one of four foreign ministry undersecretaries, is seen as an economic policy specialist who can
        Reuters  -  59 words
    • 246 11 BEIJING Moves are part of crackdown on land allocation practices Reuters CHINA plans to sharply cut the number of industrial parks and development zones more than half of which are illegal in a crackdown on land allocation practices, the China Daily
      Reuters  -  246 words
    • 592 11 JAKARTA Medco's bid, at a 35% premium, is too low, says the Aussie oil and gas firm Bloomberg PT MEDCO Energi Internasional, Indonesia's biggest publicly-traded oil company, said it offered A 5326 million (Ss4o9 million) to buy Australia's Novus Petroleum Ltd as
      Bloomberg  -  592 words
    • 257 11 KUALA LUMPUR Sources say move due to differences with chairman Reuters, Bloomberg RHB Bank Bhd's Michael Hague will quit as the chief executive officer of Malaysia's third-largest lender, RHB Capital Bhd said in a statement to the Kuala Lumpur Stock Exchange. The
      Reuters,; Bloomberg; STAR ONLINE  -  257 words
    • 438 11 MANILA Former movie star will unveil his policies next week Reuters A HUGELY popular film actor known as the John Wayne of the Philippines dealt President Gloria Macapagal Arroyo a formidable challenge yesterday by confirming his starring role in next
      Reuters; AP  -  438 words
    • 320 11 BEIJING Legislators set to approve amendment to constitution AP CHINA is changing its constitution to protect private property rights for the first time since the 1949 communist revolution a key step in making capitalism its economy's driving force. A constitutional amendment endorsed
      AP  -  320 words
    • 231 11 HONG KONG Reuters CHINESE gold mining firm Fujian Zijin Mining Industry Co Ltd said yesterday the retail tranche of its IPO was 744 times subscribed and priced at the top of an indicated range, amid huge investor demand for Chinafocused stocks. Due
      Reuters  -  231 words
    • 327 11 HONG KONG Bloomberg WAH Sang Gas Holdings Ltd's shares plunged after the company said it will scrap a planned stock sale because of an investigation by Hong Kong's securities regulator. Shares of Wah Sang, which has gas projects in eight Chinese provinces, closed
      Bloomberg  -  327 words
    • 407 12 TAIPEI Suit may affect China chip firm's planned overseas IPO, say analysts Reuters TAIWAN Semiconductor Manufacturing Co (TSMC), the world's largest contract chip maker, has sued China's SMIC for patent infringement, a move analysts said could hit the smaller rival's plans to raise
      Reuters  -  407 words
    • 97 12 AFP [BANGALORE] Thai artist Sakarin Krue-on arranges works on his installation on water titled "blooming" made from plastic water pots at the venue of international artists workshop Khoj 2003 in Bangalore last week. Khoj 2003 is a two-week long workshop where 12 international artists have come together to
      AFP  -  97 words
    • 350 12 TAIPEI But elections and ties with China may weigh down growth AFP TAIWAN'S economy is expected to overcome political uncertainties over its relationship with mainland China and record steady growth next year after recovering from the crippling Sars virus. The island
      AFP  -  350 words
    • 180 12 HONG KONG Deflation worries prompt move to control costs Bloomberg HONGKONG Shanghai Banking Corp will freeze pay for its 13,000 workers for the fifth year in six in 2004, to keep costs under control as deflation hinders the city's economic recovery, according
      Bloomberg  -  180 words
    • 294 12 BOMBAY Reuters IT is not just IT companies in India which are leveraging on outsourcing to grow their business. Engine-maker Cummins India Ltd plans to capitalise on its low operational costs to boost the share of exports in its total revenue to nearly half
      Reuters  -  294 words

  • 1609 12 SICOM FUTURES Dec 22 RUBBER Futures (Closing prices) RSS1 <s cerrtsAq) Close Volume Open Month High Low Sett (tonnes) Interest Jan 04 217.50 Feb 04 218.75 Mar 04 220.00 Apr/Jun 04 223.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Jan 04 125.25 1 800
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  • WORLD news
    • 453 13 SEOUL Central bank seeks slowdown in pace of bank privatisation CALLING for curbs on foreign ownership of the country's financial sector, South Korea's central bank on Sunday urged the government to slow the pace of bank privatisation until local buyers could be found, the
      453 words
    • 212 13 AP [SEOUL] China National Bluestar Corp, the preferred bidder for Ssangyong Motor Co, said yesterday it will invest over US$l billion if it successfully takes over the ailing South Korean automaker. The state-owned Chinese chemical company signed a memorandum of understanding yesterday to take
      AP  -  212 words
    • 416 13 SEOUL Creditor banks give 300b won loan to troubled card firm FT, Bloomberg LG CARD. South Korea's biggest credit card provider, is likely to be taken over by the state-run Korea Development Bank, after it emerged that the troubled company's debt exceeded its
      FT,; Bloomberg; REUTERS  -  416 words
    • 189 13 AP [TOKYO] Japan's trade surplus expanded for the fifth straight month in November as exports to the rest of Asia continued to increase, the Finance Ministry said yesterday. The surplus grew by a better-than-expected 11.3 per cent from the same month a
      AP  -  189 words
    • 257 13 AFP [SYDNEY] Rules governing bilateral trade deals are creating more complex and expensive compliance costs for companies operating under the agreements designed to ease trade relations, according to an Australian study released yesterday. The Productivity Commission said rules of origin
      AFP  -  257 words
    • 591 14 NEW YORK It had 11.7% share of IPO market this year, down from 14-3% in 2002 Bloomberg GOLDMAN Sachs Group, the No 1 underwriter of equities worldwide in the past five years, lost market share this year, the weakest for initial public offerings
      Bloomberg  -  591 words
    • WORLD Watch
      • 88 14 Reuters [NEW YORK] Accounting firm PricewaterhouseCoopers has agreed to a U5554.5 million settlement of a class-action suit accusing it of overcharging clients for travel-related expenses, the Wall Street Journal reported yesterday. A separate civil investigation into the firm's—and Big Four accounting rivals'—billing practices as government
        Reuters  -  88 words
      • 105 14 Reuters [NEW YORK] The US government is expected to propose an overhaul of fuel-economy standards that could pressure auto-makers to improve fuel efficiency of sports utility vehicles, the Wall Street Journal said yesterday. The government is targeting such loopholes as DaimlerChrysler's classification of its PT
        Reuters  -  105 words
    • 316 14 JAKARTA Reuters. Bloomberg THE incoming Opec president, Indonesian Oil Minister Purnomo Yusgiantoro, said yesterday that oil prices were too high and that he could hold consultations with fellow ministers in January. "I will see developments through early January. If
      Reuters.; Bloomberg  -  316 words
    • 289 14 LONDON It's not quite ready for prime time use, says its CEO FT VODAFONE, the world's largest mobile phone company, is to delay the introduction of a new Microsoft operating system, in a setback to the software giant's ambitions in the telecommunications industry.
      FT  -  289 words
    • 438 15 LONDON Business confidence has improved and investors are hopeful but growth is sluggish IHT CONSIDERING how little actual growth the global economic recovery has generated in much of Europe, business leaders in the region are almost shockingly upbeat. Last week, the IFO research institute's
      IHT; AP  -  438 words
    • 270 15 WASHINGTON Washington raises threat level after intelligence reports LAT-WP CITING credible reports of a planned terrorist attack against the US "equal to or greater than those that occurred on 9/11", Homeland Security Secretary Tom Ridge on Sunday raised the terror threat level from
      LAT-WP  -  270 words
  • 5170 13 Transaction date: Dec 22 HONGKONG Vol Hie Exchanges a Clearing .16.50 0 30 5102 HKS 000 HKRtntl 2.43 0 03 1709 H K and China Gas 11 70 0 10 5894 Aeon Credit 5.25 unch 0 Hong Kong Electric 30.50 unch 1968 Aeon Stores 5.30 0.05 96 Hongkong
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  • 2433 14 Transaction date: Dec 22 KUALA LUMPUR RM rooo) 052 4_CH 171 General Soil 1.26 unch 0 ASM Realty 139 undi 204 Renting 16.30 010 922 Abric .0.86 -0.04 179 GeorgeKent 1.01 -0.03 291 ACP Industries J.18 0.02 125 GtobetronicsTech 6.45 0.05 180 Advance Synergy 0.40 -0.01 53 GlqmacBhd.. -2-55
    2,433 words
  • 873 14 Transaction date: Dec 22 SWdiiM— 1 Om a-t« M»d m Otm Quay AMarecn 50c 041 1.120 *0.020 NatStee* 50c 0.37 2.030 -0020 C*C 0.74 5.750 *0.050 OCBC 860 11.800 CapitaLand 113 1460 *0.010 OUE 047 6.800 *0.050 Chart SamKond 2Cc 1.37 1 SCO -0040 Parkway H 2* 0.49 0.970
    873 words
  • 589 14 BONDS WARRANTS Tal Last Vol Con* Enr *c£c a* Cifn M« *m- fWH «H> Ma U*t 3696 AST1W*****1 23 -1 20 1 16 1.76 6 3697 Acm» Ltd WWI116 1 1 50 410 10.00 11 3602 Amtek W*****0 U0 1 33 7 1.19 18 3603 Armstrong W*****0 A 1 10
    589 words
  • Page 14 Miscellaneous
    • 293 14 CBYPTIC CROSSWORD 1 To withdraw comedian is a gamble (1 9 Just the boat tor a vagabond g—^^ 10 A union leader, in Coventry U perhaps, displays sharpness 12 50 per cent of city firms hold on to big businessmen (7) H| H 13 Adequate swimmers take in 14 hie
      293 words

  • 7037 15 Transaction date: Dec 22 52 WV Td Last Vol Day Last Quote GrOtv On GrVM Nat MCap Wtgt> low Coda Company Sate +<- COM) HI0i Low tuyar Sa>af C*r tia 695 395 5834 A-Sonit 435 -0.5 270 44 43.5 43 5 44.5 15.1 122.7 8 5300 ABNAmroNLG 56c
    7,037 words
  • 68 15 U-VMi M Last Vol Day LactQwMt GrOfc M* GrTW MM MCap I—> Cad* Cowpn room Hi# Low tm/m Safcr S Cw W iii 87(0 2000 6065 Diamonds uS2060*d 2000 6095 ISDJ USTech US3740 609? rs MSG Spore US555WJ 6101 ISS4PSOO US8270 96 SO 96SO 6170 SPORS US9650 1816
    68 words
  • 2005 15 524* T«4 Last Vol Day UN Quota GrfXv On GrYld MM MCjp Hi» low Cod* Coiwpn Sate W- fOOD) H>» Low m*m Safcr Cw HI sJ 26 7 5 5000 ABR Hldgs 5c It -1 40 18 18 15 18 34.7 42 12 9 2101 APOiISC 29 unch
    2,005 words
  • 362 15 52-Wk Tel Last Vol Day LMQuott Grtfcv Dw GrVM Net MCjp W«» Urn Co* Cnrnmr Salt W- rootl u» *»y«r Sdhr Cw HI 5nJl 193 91.5 6000 AVJennings A2S< A18S *2 120 188 183 185 187 40 8 8 5.4 7 3982 6001 Cathay Pac20c HK720 265 2.1
    362 words

  • FOCUS enterprise
    • 1093 16  -  Local confectionery Bengawan Solo keeps it within the family as it grows, as Joyce Koh finds out Joyce Koh IT is more than just making delicious kueh and cakes for 24 years. It is also about upholding a tradition, continuing a legacy and simply keeping a mother's
      PHOTOS BY CHRIS LOH  -  1,093 words
  • Page 16 Advertisements
    • 126 16 H IRHMctvistmas Set Menu h**.4p»i«(dibowl Ctwttmm IHMQMhi Hiilw H vl •MrHtMK Lunch 11 JOam K» H7! a J# J A -A. mr Presented Diners Club Credit Card To apply, call: 6416 0980 Where to wine, dine and entertain,,, "MB usiYe Treats MIKCHI taste of india North Indian cuisine The Esplanade
      126 words
    • 169 16 Diners Club Deals to whet your appetite... Indulge in these specials now... Asian Wok Restaurant Gatsby Bar Restaurant Blue Elephant Restaurant Kam Boat Chinese Cuisine Booze Wine Shop Kawasaki Japanese Restaurant Brewerkz Restaurant Impenal Cafe Iguana Stewards Rivertjoat Cafe Oriental Savior Fine Food De Grandeur Restaurant Sizzling Rock Element Tatsuya
      169 words
    • 30 16 FREE SUCKLING PIG OR ABALONE usual price $88 with minimum order of $298++ set menu i* Is 111 Spring Court 488 Upper East Coast Road Singapore *****0 Tel: 6449 5030/6
      30 words
    • 116 16 1 MERITUS MANDARIN SINGAPORE r £j ifjirtinci tki AH-tfuntic ctiiitm frfim hom.itDi<vn jLtpbutA tAii 8 J/ 2£>ice*t.tiT 200$ a Festive Buffet (8-30 Dec except 24 &25 Dec) Lunch: $52.00* (Adult) $32.00* (Child) Dinner: $58.00* (Adult) $35.00* (Child) Christmas Eve Buffet (24 Dec) Lunch: $65.00* (Adult) $35.00* (Child) Dinner: $100.00* (Adult)
      116 words

  • SHIPPING TIMES
    • 256 17 Reuters THE Baltic Dry Index rose 27 points to 4731, the Baltic Capesize Index rose 73 points to 6807, the Baltic Panamax Index fell 9 points to 4459 and the Baltic Handymax Index rose 154 points to *****. TIME-CHARTER: Mykonos (built 1981) *****9 dwt delivery Rotterdam 14/20 January
      Reuters  -  256 words
    • 294 17 SGX '000 Ore 22 SS *I- Vol CH Offshore 035 0.01 743 Chuan Hup 046 -001 355 Cosco Investment 0.58 -0.02 1953 CWT Distribution 0.55 unch 23 EiraHldgs 0.85 -0.03 215 Freight Unks .0.11 -0.01 216 G6 Holdings .0.70 unch 10 Java Holdings 0.76 unch 888 Kf Venture
      294 words
    • 659 17  -  Ship safety, security, coastal environments of littoral states at stake: IMO director By Beth Jinks [SINGAPORE] The daunting prospect of shipping traffic and congestion doubling in the already busy Singapore cind Malacca Straits makes the proposed Marine Electronic Highway (MEH) even more pressing,
      659 words
    • 480 17 Send-off for Queen Mary 2 marred by recent fatal accidents AFP [SAINT NAZAIRE, France] The world's largest passenger liner, newly-construct-ed Queen Mary 2 (QM2), bid goodbye to its home port of Saint Nazaire yesterday in a ceremony scaled back following 15
      AFP  -  480 words
    • 118 17 Reuters [MANILA] A ship carrying 70 passengers and crew between islands in the southwestern Philippines has been missing for more than a day after reporting it was in distress, the coast guard said yesterday. The passenger-cargo ship. MIL Piary, sent a distress call on Sunday morning
      Reuters  -  118 words
    • 251 17 Reuters [ATHENS] Nine people will stand trial over the sinking of a Greek ferry in which 80 people were killed in September 2000, a regional court said. The Express Samina sank off the Aegean resort island of Paros with 500 people aboard
      Reuters; AFP  -  251 words
    • SHIP breaking
      • 958 18 The Sea Giant supertanker is the biggest catch of Pakistan's shipbreaking industry since the government cut taxes by about a third AP [GADDANI, Pakistan] DYING piece by piece, the beached supertanker looms over the shore, a skeletal Colossus almost too big to be imagined,
        AP  -  958 words
      • 108 18 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A
        108 words
    • 7620 22 THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voyaga Talaphona ETA ETA Advartisar Vassal Voyaga Talapnona SIN Dast'n Nam* Nam* Numbar Numbar SIN 0*»fn Nim* Nama Number Numbar '4/01 25/01 HamburgSud COMMODORE 007W 45-*****133 To ABIDJAN (ABJ) 2003 Cot* D'lvoJrt 20/01 02/02 Dalmas tbn 320W 65-*****344 30/12 30/01 China Shpg
      7,620 words
    • SHIPS IN PORT
      • 713 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ANABAS 2396 E J15 A/SIDE 23/12 060C BAYSWATER228 E3294 J3 A/SIDE 23/12 020C CHINA STAR 013W J17/18 A/SIDE 23/12 090C DALIAROJA 53A J10/11 A/SIDE 23/12 080C ET OFFSHOR 7 110 J4 A/SIDE 23/12 160C IVORY ACE 89 J7 A/SIDE
        713 words
      • 1808 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr A P MOELLER 0402 0402 1 26/12/2003-0200 26/12/2003-1100 ACX MAGNOLIA 072S 072S 1 23/12/2003-07:00 23/12/2003-15:00 P02 AOC PRIMROSE 23W 23S 1 26/12/2003-10:00 26/12/2003-2200 AO( RAFFLES 085N 08SN 1 23/12/2003-08:00 23/12/2003-18
        1,808 words
      • 168 23 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
        168 words
      • 786 23 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
        786 words
      • 520 23 Carton Dec 18 Density Water Itesldge AshAlumlnhim Sediment M/M (ma H6/W3 V/V M/M M/M "W»W<» ISO/Cimac Limits Spec £25 991 1.0 15.0 0.10 BO 0.10 Spec C35 991 1.0 18.0 0.15 80 0.10 Northern Europe 180 Ave 982.3 0.1 12.2 0.4 18 0.02 180 MM 989.3
        520 words
    • AIR & LAND transport
      • 312 24 All air travellers are at risk, NZ research team says Reuters [LONDON) Up to one in 100 long-haul fliers could develop blood clots, and wearing compression stockings, taking aspirin and travelling business class may not help, a study showed on
        Reuters  -  312 words
      • 742 24  -  It is considering more flights from Munich, especially to Chinese cities By Beth Jinks [SINGAPORE] Lufthansa German Airlines plans to boost its Asia Pacific capacity by 20 per cent in 2004 in anticipation of strong dou-ble-digit passenger growth in the region, according
        AFP  -  742 words
      • 437 24 Bloomberg [HONG KONG] Boeing Co's new 7E7 plane is not of immediate interest to Hong Kong-based Cathay Pacific Airways and the airline is not talking to the Chicagobased maker about placing an order, a senior executive at the airline said. "It
        Bloomberg  -  437 words
      • 192 24 NYT [DAYTON, Ohio) Emery Worldwide Airlines Inc was ordered to pay a US$6 million fine for flying hazardous materials on its airplanes without properly notifying pilots. Chief US District Judge Walter Rice also placed Emery on three years' probation during which it must
        NYT  -  192 words
      • 325 24 Bloomberg [HONG KONGJ Hainan Airlines, whose biggest shareholder is US financier George Soros, plans to buy eight Airbus SAS 3195, worth as much as US$44O million, to help expand its regional service. "We've got approval from State Development and Reform Commission," said
        Bloomberg  -  325 words
      • LOG Book
        • 62 24 Bloomberg [HONG KONG] Hong Kong's Dragon Airlines (Dragonair), the city's second-largest carrier, plans to buy two second-hand Boeing Co 747 freighters next year to expand cargo service to Europe. It is choosing between a 747-200F aircraft or a 747-300F model, said Dragonair's spokeswoman Bevis
          Bloomberg  -  62 words
        • 69 24 Reuters [NEW YORK] American Airlines, the world's largest airline, said it will increase its fuel surcharge, effective immediately, due to rising fuel costs. The Fort Worth, Texas-based unit of AMR Corp said its fuel surcharge on one-way fares will rise US$3 to US$l3 and round-trip
          Reuters  -  69 words
      • 2079 24 CITY RI6HT ETA FU6H7 CTO U348 1645 S0428 2325 IMNl IH9770 2245 POO MO S0229 2245 Fraftfwt IH9762 0655 UHNS M25 8*7382 2250 5025 0655 S0326 M25 Of 82 2250 LK778 1650 8*7305 2300 Hilirlia *****F 0240 ***** 000 V467« 1650 0T5 2300 $023 0630 S*****
        2,079 words
  • Page 17 Advertisements
    • 20 17 One in 100 fliers likely to develop Mood clots BACK PAGE Supertanker heralds revival of Pakistan's shipbreaking industry PAGE 2
      20 words
    • 457 17 ANNOUNCEMENTS Qantas and Australia Post have jointly acquired express road freight operator, Star Track Express for $750 million in a 50:50 joint venture. Australian Airlines' passengers can now be issued e-tickets rather than traditional paper tickets when booking flights to and from Sydney. Melbourne, the Gold Coast, Cairns, Darwin, Nagoya,
      457 words

  • Page 18 Advertisements
    • 694 18 I IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTVE EXPRESS (MX) |AU»IB*U* «W EXPRESS (AAX) VISSE VOY IGI SIN PIG P—~l VESSEL VOY INE SYD MEL AM FIE SW KG PIO NiOUOYD KOK 35W49 10/12 21/12 JO/12 LOS ANGCIiS EXPIESS OIWSO 17/12 04/01 04/01 NORDSTRAND 25N 09 12 11
      694 words
    • 496 18 lines services represented by AjSirst Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association gjjjj ULY UNE MALE VOY ETA ETA ETA P.KIANG SPOKE MALE Kindia 3QSW 31/12 29/12 10/01 Princess Lily 0104 11/01 12/01 20/01 Maid Carrier 744 18/01 20/01 29/01
      496 words

  • Page 19 Advertisements
    • 1087 19 TO USA (SAX SERVICE) VESSEL VOY SIN n* I LAI OAK DAI HOU CHI COi MEM Ml NYC API WOIUM HOt 24/12 0«/01 12/01 13/01 13/01 13/01 13/01 13/01 16/01 16/01 API SWEDEN 0121 31/12 15/01 19/01 20/01 20/01 20/01 20/01 20/01 23/01 23/01 API HOUAWD 122E 07/01 22/01 26/01
      1,087 words
    • 1070 19 GENERAL AGENTS IN SINGAPORE 80 ROBINSON RD 912-00 SALES/ BKGS TEL' 6420 5857/43 FAX: 6238 5321/24 COSTAR SHIPPING PTE LTD SINGAPORE *****8 OUTWARD 18/ LI *****802 6238 5325/75 CRNO **********0 M TB. 8226 1900 (MAIN) INWARD (D/O) 6420 5786 6238 5379/49 T/SHIP DEP 6420 5825 6238 53*6/46 JOHOR'S OFFICE. CONVENTIONAL
      1,070 words
    • 484 19 VESSEL TOY SIN KG PAC AQUILA 314 30/12 131/12 l/VT NEW DYNAMIC OSQA ~257f7" 27/1? j HANSANARVIK 401N I 6/1 I lfT 10/1 PERTHBKIPGE 044* 1/1 3/1 PAC AQUILA 31SN I 20/1 I 21/1 23/1 -I NEW DYNAMIC 051 A 8/1 10/1 Cofcig KG ttdSnam "VSL cnCng botti Norrti Mfesr
      484 words

  • Page 20 Advertisements
    • 542 20 Wi >■ V%CI MAC ENQUIWEI/BOOtUNQS: *****344 FAX: *****433 E-MAIL: K!fl UCLIYIMO DOCUMENTATIONS/OPERATIONS: *****837 PAX: #*****77 RJUCONTAMB StIVKI TO WBT AfttCA «4a MIOFf Ivcsa vot simoon rormuwG nmvt dma« j muuiConakry WmfrM* 31 m p/i? 30/1? W" <»/rc 3"/°' I ttywfr Swwrd 34<W 05/01 I 04/01 21/01 02/02 W/W W/02 WlH.nuimr.
      542 words
    • 678 20 WXWAN HAI LINES V Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: 1 NHAVA SHEVA CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY For more details, call HOTLINE: 6226 1588 1800-*****00 M NORTRANS SHIPPING AGENCIES A/ fJf< I U A W 29 Int'l Business Park
      678 words
    • 560 20 BSfl x MYANMA FIVE STAR LINE (Mvommt Notioaol Um) Loading far Yango* VESSEL VOY SIN PEL KM PGU HPA-A* 31SW SU> PAGAN 323W SU IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PEL 03-3176*101 PEN: 04-2****** ACCEPTING CONVENTIONAL CBO VESSEL VOY HEG SIN PGU PEL EUC OKIENT KING 115 SU) SU>
      560 words

  • Page 21 Advertisements
    • 1310 21 yiSSIL VOY KHH HKO SIN PKI DXB lAB DMM BIK IRAN LOUSTAN PCLAOI4 SKIP SKIP 30/12 19/12 29/12 30/12 05/01 07/01 CAM FRIO PCUOI6 SKIP SKIP 2«/12 27/12 05/01 06/01 12/01 14/01 StA NAVIGATOR PCISOIS SKIP SKIP 30/12 29/12 07/01 M/ 01 14/01 16/01 Also accepting Containers lor all other
      1,310 words
    • 687 21 i RV UK CONTINENT SERVICE Loading for ASIRAT RTM/ATW/BMN/UK/NAN Loads Smgapofe, E7W Malaysia. Indoneata MIDDLE-EAST SERVICE Loading for PLAMER DBl/ABU/DO H/BRN/DMM/KWT GRAIN TRADER JDH/AQA PAN BRIGHT DBl/ABU/DO H/BRN/DMM/KWT toads Singapore. E7W 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
      687 words
    • 768 21 m m eai— _msa vor air &Mm um UM LULL. -EfciUUl rioai U/H nag 11/IJ iyi? _AUMUXL2 tm ?T/i? vuv, W- »**>* HO4N M/ 12 21/1? fif VII UIU2 M/n ?7/n -EAU4HBA LLfiiH n/12 22/12 AUMWTA2 M7t 21/12 30/12 tmiahm EM azu am PKIANOA 1107N 24/12 24/12 j**P* USUI— BZII
      768 words


  • Page 23 Miscellaneous
    • 130 23 s REGIONAL WEATHER !K\ S FOR 7AM 23 Dec 2003 SN V* SB X Issued by Meteorological Service Division,NEA LEGEND: 1 Thunderstorm Wind speed symbols V" 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
      130 words