The Business Times, 30 December 2003

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Total Pages: 24
1 24 The Business Times
  • 16 1 MITA (P) 024/03/2003 850 THE BUSINESS TIMES S.INGAPORE TUESDAY, DECEMBER 30, 2003 I Internet nt:p://business-times.asial com.sg
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  • 802 1  -  Hotel occupancy is back to a 20-month high By Anna Teo [SINGAPORE] Factory orders are up, exports have risen, companies are hiring again, and even the tourists have returned. All indications are, the economy has strengthened further in the last three
    Source: CEIC/UOB  -  802 words
  • 594 1  -  Women now fill the top two posts at the stat board By Kalpana Rashiwala [SINGAPORE] It's woman power at the Urban Redevelopment Authority. The statutory board will have its first-ever woman chief executive, Cheong-Chua Koon Hean, who is currently
    594 words
  • 614 1  -  They see businesses more prepared for final one-point rise By Daniel Buenas [SINGAPORE] Despite warnings to the contrary by businesses and retailers, the impending hike in the Goods and Services Tax on Jan 1 next year is unlikely to derail or even greatly affect
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  • 71 1 OT 1,741.01 (+10.78) ST INDEX FUTURES 1,738.00 (+8.00) SIMSCI FUTURES 213*0 (+1.50) Monday Change KLSECOMP 787.80 +7.78 NIKKEI 225 10,500.62 +83il HANG SENG _12.464.29 +7.59 SET INDEX 746.81 +1132 JAKARTA COMP _***** +13.73 MANILA COMP _1.450.7U *23.30 TAIPEI WPI 5.804.89 -5232 SEOI'L COMP ***** +3.59 SHENZHEN B 273.63 1J3I
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  • 79 1 FOREX RATES US$ tl I S$ (SS per I'SS) 1.705 £(l 'SS/SS per 1.774 3.024 ETROfl SS/SS/EJ. 1:245 1122 YEN 107.0 62.80 KM 3.800 1229 HKS 7.764 4554 BAHT 3960 2323 Rl'PlAH 8,478 4J973 RENMINBI 8J299 4.868 INDIAN RITEE 4563 2677 AS 1.347 0790 NZS 1541 0J904 PRIME RATES
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  • Page 1 Advertisements
    • 10 1 Tourist arrivals up for first time since Feb, Pg 9
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    • 39 1 MWm Oei Hong Leong iTOTWni Ti 4- OAs the curtains fall on 2003, ttw stage pjßWjrNWjpMj I rfIVT f may be set for a couple of takeover battles involving the tycoon in the coming year. CORPORATE MOVBtS, Page 4
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    • 31 1 INSIDE PROPERTY JTC cuts rentals and prices of some properties. HDB extends current rebates to commercial and industrial tenants. Pg2 THE BUSINESS OFSPORTS Investors hope to score from soccer buyout Pgls
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  • NEXT page
    • ON THE grapevine
      • 84 2 ASIA Pacific Breweries chief executive Koh Poh Tiong held a lavish dinner last Friday to celebrate his marriage to Susie Tan. There was good company, good food and a liberal flow of alcohol. De rigueur, of course, was the presence of beer and Tiger Beer
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      • 133 2 HERE are some of the gifts a pampered pooch could get during this festive season: a silver bowl signed by Gucci, a collar and leash signed by Louis Vuitton, a vial of "Oh My Dog" perfume or a 725 euro (551,537) leather cushion. With eight million pet dogs
        133 words
      • 158 2 A SWISS musician has accomplished a feat composer Jo-hann-Sebastian Bach dreamt of more than 250 years ago by making a classic church organ with touch-sensitive keys. The invention by Daniel Glaus, a professor at Bern and Zurich conservatories, allows a player to select the sensitivity of
        158 words
      • 126 2 CHICKEN futures in Japan have surged after the country, the largest buyer of American beef, said it will suspend US beef imports after a cow tested positive for mad cow disease in Washington state. Broiler chicken for delivery in February jumped as much as 25 yen (550.40), or
        126 words
    • 583 2  -  Moves are aimed at helping businesses tide over the current tough phase By Chuang Peck Ming [SINGAPORE] JTC Corporation, Singapore's biggest industrial landlord, is cutting rental and prices for many of its properties, while the Housing and Development Board is extending current
      583 words
    • 406 2  -  But signs are that a straightened bridge may be built instead From Eddie Toh in Kuala Lumpur THE developer of the "crooked" bridge project to link Malaysia and Singapore has farmed out a major contract, although there are signs that the Malaysian government may
      406 words
    • 888 2  -  The market for LCDs is worth US$45b this year and may breach US$60b next year By Raju Chellam [SINGAPORE] Quick on the heels of the semicon recovery comes a much-awaited boom in LCD (liquid crystal display) production. Japanese giant Sharp is tripling
      888 words
    • 598 2 Govt seen injecting billions of dollars to deal with 2t yuan NPLs at Big4 Reuters [BEIJING] Beijing is close to unveiling a landmark package to clean up the debt-ridden balance sheets of one or two key banks, preparing them for stock
      Reuters  -  598 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 70 ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:
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  • SINGAPORE companies
    • 576 3  -  Injection of up $17m subject to 60 waiver and capital reduction plan By Serena Ng FORMER Serial System chief executive officer Eddie Chng Weng Wah has emerged as the white knight for financially-troubled Heshe Holdings, which yesterday night said it plans to
      FILE PHOTO  -  576 words
    • COMPANY Briefs
      • 91 3 SHIPYARD operator and vessel charterer ASL Marine Holdings plans to sell 49.5 million warrants at 2.5 cents apiece to raise working capital of1650,000. Each warrant is convertible to one new share at an exercise price equal to 12 per cent off the weighted
        91 words
      • 82 3 OCBC Bank has launched its first ever lucky draw that awards one prize every day for the whole of next year. The OCBC Lucky Draw will kick off on Jan 1 and last till Dec 31. Customers who maintain a certain minimum monthly average balance
        82 words
      • 33 3 DEBT-laden Econ International said the mortgagee bank for its leasehold head office at 2 Ang Mo Kio St 64, has appointed Pricewaterhouse Coopers as receivers of the property.
        33 words
      • 65 3 FOR the third time since October. Strike Engineering and Ipco International have extended the deadline for a proposed share swap involving Ipco unit Mid-Continent Equipment Group. The companies now have until Jan 29,2004 to complete the sale that will eventually give Strike Ipco's 54.35 per
        65 words
    • 683 3  -  HOCK lock siew joyce koh THE latest debt revamp proposed by aluminium products supplier Compact Metal Industries (CMI) is probably a welcome breather for the company after four loss-making years. Before its financial troubles escalated, the 30-year-old CMI had enjoyed some
      683 words
    • 654 4  -  But independent advisers GK Goh says it does offer an exit option for the illiquid counter By Serena Ng GK GOH Stockbrokers, the financial advisers to the independent directors of Dovechem Stolthaven Ltd, has deemed the $1 per share offer by the company's executive
      Source: Reuters  -  654 words
    • 1152 4  -  CORPORATE MOVERS Undeterred by his failure to take over NatSteel, the tycoon could be involved in another tussle for company control this at two companies, BIL and Haw Par. WONG WEI KONG looks at the issues involved WONG WEI KONG HE
      1,152 words
    • 361 5  -  Deal with Korea's SimmTech to ensure supply of laminate substrates for 5 yrs By Tang Weng Fai ST Assembly and Test Services (Stats) has entered into a deal that will help secure its supply of a critical material for its packaging
      FILE PHOTO  -  361 words
    • 294 5  -  By Kenneth Lim WAThK treatment company Hyflux said it does not expect its new water-mak-ing machine to affect this year's results, and it is too early to determine the impact next year. Hyflux was responding to a Saturday newspaper report that said the company
      294 words
    • 263 5  -  By Wong Wei Kong THE Singapore Exchange (SGX) is making another effort to deepen its derivatives market, with the signing yesterday of a memorandum of understanding (MOU) with Dow Jones Indexes, a global index provider. The MOU covers the listing of futures based on
      263 words
    • 298 5 Reuters [MANILA] The Philippine Stock Exchange (PSE) said yesterday it was holding initial talks with the Singapore Exchange Ltd (SGX), South-east Asia's biggest bourse, but that no cooperation deal had yet been agreed. The Philippine Daily Inquirer newspaper reported last week
      Reuters; AFP  -  298 words
    • 253 5  -  OTEGlobe deal will give access to Greece, Balkans By Tang Weng Fai SINGAPORE Telecommunications and Greek telco OTEGlobe yesterday said they have signed an agreement to allow roaming between each other's mobile voice and data networks. The deal allows mobile operators connected to Sing
      253 words
    • 521 5  -  By Loh Hui Yin CHINA Aviation OU, sitting on a war chest of $350 million, has bought a controlling stake in an oil storage facility near Shenzhen. Although the investment value is modest $3.8 million for an 80 per cent
      FILE PHOTO  -  521 words
    • 236 5  -  By Taila Krishnakumar SESDAQ-LISTED Semitech Electronics Ltd has appointed independent director Victor Chow Yew Wai to the newly created post of managing director, bringing him closer to day-to-day running of the company. Mr Chow, who has served on the board for over a year,
      236 words
  • Page 3 Advertisements
    • 19 3 Cf, rjJelling your car? Call our C.A.T.S. hotline ca.t.s. at 1800-289-9988. Buy It. S«ll It. Find it. 5 O
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    • 55 3 ;^8 $jh ■f ~w A I Hk I r fl '.l^M J j» V s i j>, You never Ip^^!^ actually own a Patek Philippe. \^jj3^^ You merely look after it for the next generation The World Time with the unique Patek Philippe 240HU automatic movement. Geneva Master Time, Tel:
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  • Page 4 Advertisements
    • 125 4 M m+iwM* Weekdays Lunch 3 3 t 530pm p Weekends C/jr/stmas 6.30pm 10pm, New year's Day K *~q PaJHI k 12 to 31 December 2003 at the Phoenix Garden Cafe, the home of great jggM Christmas traditions will not be the same celebrate at (garden Cafe. Sink, your teeth into
      125 words


  • SINGAPORE markets
    • Article, Illustration
      657 6  -  Compiled by SERENA NG Popular HokNngs Dac 29 dorinc $0,445 POPULAR recently reported a sterling set of first half results for its FYO4. Its sales increased 7.6 per cent while net profit jumped 61.3 per cent. The net profit margin improved as a result of better gross margins
      Source: Bloomberg  -  657 words
    • 308 6  -  HOT STOCK WARRANT By Teh Hooi Ling SINGAPORE Telecommunications has had a superb run this year. For the year to date, its total return price appreciation plus dividends amounted to 60.4 per cent. In comparison, the Straits Times Index only managed a gain
      Source: Bloomberg  -  308 words
    • 556 6  -  BT comment YOUR MONEY r. sivanithy IF the outlook for stocks remains good and if all indications point to a rally of sorts heading into the New Year, then logically some investors may decide to indulge in a spot of early positioning to take
      Source: Bloomberg  -  556 words
    • 620 6 Reuters [LONDON] The sickly US dollar yesterday hit record lows against the euro beyond the key US$l.25 level and shed half a per cent versus the yen on security worries and nagging concerns over the US current account deficit. Analysts said that weak
      Reuters; AFP  -  620 words
    • TRADES TO WATCH
      • 79 6 ONE of Allgreen Properties' executive directors, Andrew Choo Hoo, sold a total of 64,000 shares on Dec 23 and Dec 24 in the open market. He sold 50,000 shares on Dec 23 at $1.12 apiece and 14,000 shares on Dec 24 at $1.13 each, reducing his
        79 words
      • 117 6 THE chief operating officer and executive director of Mentor Media, Lo Swee Wen, on Dec 23 exercised share options for 60,000 shares at a price of 27 cents per share. This brought his direct shareholding in the mainboard-listed supply chain management company to 1.02 per
        Source: Bloomberg  -  117 words
      • 91 6 ELECTRO-PLATING and industrial engineering services provider Wepco Limited yesterday said HIS Intermedia Marketing (S) Pte Ltd has ceased to be one of its substantial shareholders, following an open market sale of 160,000 shares on Dec 26 at 32 cents apiece. According to the company's filings,
        91 words
      • 103 6  -  Compiled by SERENA NG PEN Tseng-Kwan, an executive director of duallisted monitor maker TPV Technology, sold 460,000 shares on Dec 23 at an average price of HK53.93 and 250,000 shares on Dec 24 at HK$4.O3 each. His open market sales of shares held by JCP
        103 words
    • Article, Illustration
      425 6 OTHER SINGAPORE INDICES Dec 29 VALUE CLOSE BT 00/05 117.00 +121.00 BTCADt -*****.00 +168.00 BT 10-day MA *****.00 +12.00 Aft-SG Equities 469.31 +3.38 SG Equities Elect 173.66 +0.10 SG Equities Fta 1460.70 +9.91 SG EquitiM Prop 431.85 +5.47 MSCI Singapore 213.07 +1.25 SiMSdFMtarM 213.50 +1.50 Stocks Votara HKP5C 65.155,000 Asia
      425 words

  • SMALL caps
    • 780 7  -  The retailer hasn't been spared the onslaught of a subdued economic climate, the Iraq war and Sars but it's fighting back, says DANIEL BUENAS DANIEL BUENAS COURTS has become a household name in Singapore, having established its first store in Orchard Road back in 1974. Today,
      FILE PHOTO  -  780 words
    • 407 7  -  By Teh Hooi Ling INTEREST in small caps perked up yesterday, with many of the stocks in our portfolio benefiting from it. Some market watchers attributed the buying to early window dressing or to churning by house traders. With the equity market expected to continue
      407 words
  • Article, Illustration
    1054 7 Transaction date: Dec 29 MTBRBAMg CROSS RATES AS C$ te* Ur» HKS Hi»« tepl* Yw Mm 1 Wh N» S> bK Sfr iT$ »«t Hm* US$ Australia 0.974 6.16) 0.597 5.764 ***** 62.945 0.795 8.894 2421 1144 42.676 4L239 1266 5.002 0.930 ***** 29.397 0.418 0.742 CmKI 1027 6.325
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  • Page 7 Advertisements

  • FOCUS property
    • 982 8  -  Limited supply and Reits behind resilience, says Kalpana Rashiwala Kalpana Rashiwala IT'S been a paradox for retailers these past few years as average retail rents, especially in prime malls, are holding firm despite the weak economy and tough climate for retailers. The limited new
      FILE PHOTO; Source: Jones Lang LaSalle Research De 2003  -  982 words
  • 37 8 UNIT TRUSTS FUNDS LEGEND:All prices are indicative accept; for Ex Ringgit Acessies;Broadly Diversified; Narowly Focused;$Lower Risk;^ Low to Medium Risk;&Medium to High Risk;**Higher Risk;open-ended;+ Before subdivision of units;After subdivision of units;SP afterstock split N.A-Non Dealing Day;Floor Price:S$0.515
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  • Page 8 Advertisements
    • 131 8 SUNTEC TOWER ONE Approx. 2700 to 7000 sf for LEASE at $3.90 psf neg MB Approx. 1350 to 14,381 sf jf fnPffijfc for SALE at attractive price w r se Fitted or Bare Immediate Occupation Lobby Frontage Sole Marketing Agent Agnes Heu 9686 6651 Greg Sim 9270 2570 SelinaYap 9029
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  • SINGAPORE news
    • 582 9  -  Visitors from Indonesia, China, M'sia make up 44% of all arrivals: STB By Chen Huifen THE tourism industry in Singapore appears to be riding on the rebound in global travel as visitor arrivals grew 7.9 per cent in
      FILE PHOTO; Source: STB  -  582 words
    • 350 9  -  Fees to be cut from $5,000 to $3,000 By Chen Huifen THE National University of Singapore Society (NUSS) is lowering its entrance fees for new members from $5,000 to $3,000 in a bid to attract another 4,000 members over the next
      350 words
    • 438 9  -  MAILBAG Leong Sze Hian Singapore I REFER to the report "SingPost announces postage rates increase: Small rise in local rates, the first since 1995, to compensate for higher GST" (BT, Dec 23). Sing Post is increasing domestic mail rates by one cent,
      438 words
    • 445 9  -  EYE on the economy wealth survey By Taila Krishnakumar SINGAPOREANS stand out among the region's top earners, with the second highest level of personal income and for having an active hand in investing for the future, according to a recent Nielsen Media Research
      Source:  -  445 words
  • Page 9 Advertisements
    • 1390 9 To adverting call toll-free 1800 289 8822 Email: notices@sph.com.sg IN THE MATTER OE THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SOI'THQI AY CAPITAL PTE LTD {Incorporated in Singapore) Ai an Extraordinary General Meeting of the abosenamed Company duly convened and held at 51 Cuppage Road *09-01 S
      1,390 words
    • 392 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOLTHQLAV MANAGEMENT SERVICES PTE LTD (Incorporated In Sin**port) At an Extraordinary General Meeting of (he abovenamed Company duly convened and held al 51 Cuppage Road #09-01 S <*****9) on the 18 DEC 2003 at 9.45 a
      392 words

  • EDITORIAL & opinion
    • 793 10  -  THE bottom line OPINION robert samuelson A GREAT drama is now unfolding in the world's money markets. In 2003, the United States' current account deficit (a broad measure of trade) will total around US$55O billion, a modern record. Because Americans pay for
      793 words
    • 30 10 'They are cheating all the time.' -J M Lyngdoh India's Chief Election Commissioner, who also likens politicians to a "cancer" afflicting the body politic of the country
      30 words
    • 618 10 EDITORIAL P or once, the South Asian leaders' summit in Islamabad next week is raising optimism that goes well beyond a long-hoped for trade deal. The 18-year-oid South Asian Association for Regional Cooperation (Saarc) was floundering until recently because of the bad relations between Its principal players. In
      618 words
    • 1185 10  -  History has shown that someone like Howard Dean might not be a long shot in the presidential polls after all By Leon Hadar IN early 1979, when I was a struggling young reporter studying at Columbia University's School of Journalism, I travelled to New
      AP  -  1,185 words
    • 785 10  -  COMMENTARY By William Pesek Jr Bloomberg IF you're looking for clues why Japanese recoveries rarely last, Yoko Kobayashi has some. The 30-year-old cement company employee has a university degree, speaks three languages, has travelled abroad extensively and harbours strong political opinions. Her job? Secretary. "I
      Bloomberg  -  785 words

  • REGIONAL news
    • 168 11 KUALA LUMPUR Bloomberg MALAYSIA Mining Corp, which owns 50.1 per cent of Port of Tanjung Pelepas, said it isn't planning to list the port, denying news reports that said it may do so. "The board of Malaysia Mining Corp
      Bloomberg  -  168 words
    • NOTE Book
      • 77 11 AFP [BEIJING] A World Health Organisation (WHO) medical expert arrived in Beijing yesterday to review tests on a new suspected Sars case in Guangzhou city, while a separate WHO team headed for the province where the patient is being treated. China announced the discovery of
        AFP  -  77 words
      • 94 11 Bloomberg [KUALA LUMPUR] The New Straits Times Press (M) Bhd, Malaysia's biggest newspaper publisher by sales, has appointed Kalimullah Masheerul Hassan, 45, as its group editor-in-chief, replacing Abdullah Ahmad who was fired last month. Mr Kalimullah, who is the chairman of the state-owned Bernama news agency
        Bloomberg  -  94 words
      • 112 11 AP [MANILA] President Gloria Macapagal Arroyo's most bitter political rival yesterday filed his application to run in next year's presidential election, in a candidacy that has split the opposition and could mar its chances of beating Ms Arroyo. Senator Panfilo Lacson is the first
        AP  -  112 words
      • 72 11 Reuters [SHANGHAI] The Shanghai Stock < launch on Jan 2 a new stock index that track# th* bourse's top 50 listed companies and which may form the basis of an index-based fund, the exchange said yesterday. The SSE 50 will comprise companies with large market capitalisation,
        Reuters  -  72 words
      • 104 11 Reuters [JAKARTA] Indonesia has proposed taxing the interest that mutual funds earn from bond holdings in a bid to raise tax revenue, a move that could deal another blow to the struggling mutual fund industry. Under an existing scheme, mutual funds are exempt from paying
        Reuters  -  104 words
      • 72 11 Bloomberg [BEIJING] General Motors Corp, Toyota Motor Corp and Volkswagen AG have received approvals from China's bank regulator to set up ventures to lend money to customers to buy cars. The three companies, which must finish their preparatory work within the first half 0f2004,
        Bloomberg  -  72 words
      • 63 11 Reuters [BEIJING] China, already boasting the world's largest population of mobile users, added another 6.54 million cellular phone subscribers last month, the telecoms regulator reported. The country had a total 0f263.48 million mobile phone users by the end of November, the Ministry of Information
        Reuters  -  63 words
      • 74 11 Xinhua [KUNMING] A Chinese section of the highway linking Kunming City, in south-west China, with the Thai capital opened for traffic here yesterday. The Kunming-Bangkok highway, which runs through Laos, is an important part of the Asian highway network, and covers a total of 1,850
        Xinhua  -  74 words
    • 241 11 KUALA LUMPUR Setback comes amid talk KL may can Bakun project after postponing rail deal Reuters SARAWAK Hidro, manager of South-east Asia's largest hydroelectric dam, will delay a planned RM3 billion (Ssl.3 billion) bond sale by at least one to two months, sources
      Reuters; AP  -  241 words
    • 206 11 AFP [KUALA LUMPUR] Crime syndicates are stealing luxury cars in Malaysia's Sarawak state and displaying them in showrooms in the neighbouring Indonesian province of Kalimantan where owners can pay ransom to get them back, a report said Monday. The Star newspaper quoted sources
      AFP; THE STAR  -  206 words
    • 505 11 BANGKOK 30-40% upside seen for stocks of major construction firms Reuters EARNINGS at Thai building firms are set to surge in 2004 as the government boosts spending on projects, but analysts said investors should expect less spectacular jumps in building stocks than
      Reuters  -  505 words
    • 237 11 KUALA LUMPUR Bloomberg MALAYSIA'S Employees Provident Fund, the country's largest pension fund, bought another 7.6 per cent of lender Commerce AssetHolding Bhd (CAHB) on Nov 11, the pension fund said in a stock exchange filing. The fund, which is the largest shareholder
      Bloomberg  -  237 words
    • 847 12 MUMBAI The trend will continue amid robust economic growth and a strengthening rupee: analysts Bloomberg INDIAN companies more than doubled their number of overseas acquisitions in 2003, a strategy analysts say is likely to continue as domestic economic growth and a strengthening currency spur
      Bloomberg; REUTERS  -  847 words
    • 233 12 BEIJING Parliamentary leaders agree to change Constitution AP CHINA'S plan to constitutionally guarantee the right to hold private property for the first time since the 1949 Communist revolution was a step closer to taking effect after parliamentary leaders approved the measure,
      AP  -  233 words
    • 215 12 BEIJING Bloomberg CHINA'S securities regulator said brokerages will be held accountable for the performance of companies they help to list under rules designed to improve the quality of publicly traded companies. Brokerages may be banned from carrying out initial public offering business
      Bloomberg  -  215 words
  • Page 11 Advertisements
    • 63 11 Call toll-free 1800 289 8822 Container Depot Association (Singapore) NOTICE TO SHIPPERS CONSIGNEES DEPOT HANDLING CHARGE (DHC) On behalf of our members, we wish to inform that in view of high operating cost and the adjustment of Goods Services Tax, the depot handling charge (DHC) will be revised to 555.00
      63 words
    • 250 11 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CREAM MEDIA PTE. LTD. NOTICE IS HEREBY GIVEN, pursuant to Section 291(1) of the Companies Act, Cap 50, that MR YEE KIT HONG OF MESSRS KIT YEE CO., 371 Beach Road #19-06 Keypoint, Singapore *****7 be
      250 words
    • 409 11 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF BI'ILD VEST (HOLDINGS I PTE LTD NOTICE OF RESOLUTIONS FOR MEMBERS VOLUNTARY WINDING-UP (Pursuant lo Section 290) Pursuant to the Members' Resolutions in writing dated 28 Nosember 200} circulated to the Company 's Members, the following
      409 words
    • 446 11 IN THE MATTE* OF THE COMPANIES ACT, CAP. SO [(Section 290(2)(b|] AND IN THE MATTER OF RHKATHAY SECURITIES PTE LTD (In Mambtn' Voluntary liquidation) NOTICE OF RESOLUTIONS At on Extraordinary Generol Moating of Jhe Company hold at 1 Raffles Place, #15-00 OUB Contra Singapore *****6 on the 22nd day of
      446 words
    • 393 11 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF JAVELIN SYSTEMS INTERNATIONAL PTE LTD (In Members' Voluntary l iquidation) NOTICE OF RESOLLTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 36 Purvis St #02-05 Talib Centre
      393 words
    • 275 11 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SIMSCI ASIA PACIFIC PTE LTD (IN LIQUIDATION) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed company held on 23 December 2003 it was resolved
      275 words
    • 417 11 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF ICFOX (SINGAPORE) PTE LTD NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-LP I PursuMl to Sectioa 290) Ai the Extraordinary General Meeting of the members of the above-named Company, duly convened and held at 100 Cecil Street
      417 words

  • 1561 12 SICOM FUTURES Dec 29 RUBBER Futures (Closing prices) RSS1 (Scants/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 04 218.50 Feb 04 219.75 Iter 04 221.00 Apr/Jun 04 224.00 RSS 3 (US cents/kg) Volume Open Month High low Sett (tonnes) Interest Jan 04 1 ***** 1 800
    1,561 words

  • WORLD news
    • 432 13 ROME 2nd arrest order sought for alleged fraudulent bankruptcy Bloomberg, Reuters Reuters PARMALAT Finanziaria founder Calisto Tanzi is being probed for allegedly misappropriating about 800 million euros (Ssl.7 billion) from the company, a person familiar with the investigation said. Prosecutors in Milan and
      Bloomberg, Reuters; Reuters  -  432 words
    • 237 13 Bloomberg [NEW YORK] The US economy is "now on a solid footing" with a recovery in corporate profits that will lead to the creation of more jobs next year, said Lawrence Lindsey, former chief economic adviser to President George W Bush. Mr Lindsey, who helped
      Bloomberg  -  237 words
    • 296 13 Reuters (BERLIN] The European Central Bank is becoming increasingly uneasy about the euro's rise, fearing it could move substantiaUy higher and undermine the euro zone recovery, said a senior ECB policymaker yesterday. "The rapid rise of the euro brings an element
      Reuters  -  296 words
    • 350 13 MENLO PARK, California The problem is a huge supply-demand imbalance NYT AFTER peaking at US$l7 biUion in 2000, venture capital investments in SUicon VaUey coUapsed in 2001 and 2002, and the market stUl shows no sign of a real recovery any time soon. The collapse
      NYT  -  350 words
    • 296 13  -  Exact amount to be decided in subsequent talks From Anthony Rowley in Tokyo JAPAN is prepared to "eliminate the vast majority of its Iraqi debt," prime minister Junichiro Koizumi told visiting US special presidential envoy James Baker yesterday. The move came as something
      296 words
    • WORLD Watch
      • 94 13 Bloomberg [SEOUL] LG Card Co's eight biggest creditors asked other lenders to join a bailout of South Korea's largest credit-card company, to help spread the 5.15 trillion won (557.3 billion) cost that no bank is willing to shoulder alone. Woori Bank, one of the
        Bloomberg  -  94 words
      • 76 13 Reuters [TOKYO] Orders for Japanese semiconductor equipment shot up 171.4 per cent in November from a year earlier, the Semiconductor Equipment Association of Japan said yesterday, helped by strong demand for chips used in digital cameras and photo phones. It was the sixth consecutive month
        Reuters  -  76 words
      • 85 13 Reuters [LONDON] Bermuda-based Tyco International Ltd wants to cut at least US$3 billion from its cost base over the next three years, the Financial Times reported yesterday. It quoted Tyco's chief financial officer David FitzPatrick as saying he wanted to nearly halve the company's
        Reuters  -  85 words
      • 94 13 Reuters [BELGRADE] In a bitter blow for the politicians who toppled Slobodan Milosevic as Yugoslav president in 2000, the hardline Radicals of ex-paramilitary leader Vojislav Seselj became the biggest party in parliament, initial results yesterday showed. The Socialists kept their place in parliament in Sunday's
        Reuters  -  94 words
    • 522 14 NEW YORK A successful Google IPO seen to boost investor confidence in other tech issues NYT MANY investors are eagerly waiting for Google, the Web search titan, to go public. But those same investors, many still smarting from losses when technology stocks
      NYT; AP  -  522 words
    • 364 14 NEW YORK Analysts expect Q1 next year to be more robust than Q4 of this year Reuters IN a year that many believe marks a turnaround in the market for initial public offerings, there were some spectacular winners, some big-name deals and a few
      Reuters  -  364 words
    • 326 14 Mergers acquisitions bounce back as dealmakers return [LONDON, NEW YORK] Mergers and acquisitions advisory teams at leading investment banks are experiencing jumps of as much as 30 per cent in their deal pipelines, even as revenues from completed transactions remain depressed, the Financial Times said. The assessment reflects a growing
      326 words
    • 663 15 LONDON Despite Ferdinand's ban, Man U's shares hit 52-week high International Herald Tribune WHEN a company's richest asset is put out of commission near the peak of its useful life, there is every chance that the stock will be dumped. But after Manchester
      International Herald Tribune; Source: Bloomberg/Photo: Reuters  -  663 words
    • 183 15 LONDON Reuters RUSSIAN Senator Ralif Safin, a founder of Russian oil company Lukoil, has talked to London-based investment banks about making a bid for English soccer club Manchester United, the Daily Telegraph reported yesterday. But the report said it was likely Mr Safin would
      Reuters  -  183 words
  • 6 13 Transaction date: Dec 29
    6 words

  • 5 14 Transaction date: Dec 29
    5 words
  • 738 14 Transaction date: Dec 29 Mmtt Ml MM •COM WMft UN 4114 <UM OK »7J ST» OOC ISC It.lDO <CMt o«M*jr«t t« <w .aon out o« ««d <e«oa OjrrWwCawl* m I J* .0040 0« 0M0 C«y D*r SOc 117 (M0 «0 IBS I taM MOM 039 1170 4000 «c ijlj
    738 words
  • 608 14 BONDS WARRANTS Prm inky Tel Last Vol Cm* Eur Dfcc Gw MUh Mi C—pf Sato ht HI *ad« Mo hp U*t 3698 AST1W*****1 2» 4 70 1 16 -1 1j61 6 3697 Acma Ltd MM1116 t unch 2 1 50 437 9.50 11 3602 Amtek W*****0 120 1 13 2
    608 words
  • Page 14 Miscellaneous
    • 191 14 CRYPTIC CROSSWORD Rent is raised, say (4) 29 Rating's strength taking in ship's crew (10) 11 wi 5" 76 you a bit of a Across: 1 Hoist, 4 Suburban, 8 hand in the garden (5,7) Panorama, 9 Scarface, 11 Iner00WN 14 Make poor devil, with noth- tia, 13 Grapeshot, 15
      191 words

  • 6 15 Transaction date: Dec 29
    6 words
  • 67 15 52-M T«4 kwl Val Day unQnoti GrtNv On bVW MM MCaa NM» I—> cowyjuy S«tt W- (HI M* I— S*r CV WE fcji 8780 2000 6065 Diamonds US2060 2000 9800 6095 ISDJUSTcch US3740 6097 IS MSG Spore US555 6101 ISS4PSO0 US8270 9650 9650 6170 SPORS U596S0 1816 1230
    67 words
  • 1857 15 524* Tel UM Vol Day LaMQaMe OrtXv Ota CrYW Net MCae W» L—> Cade Company Sale W- P99B> HI# Lw tmm i+m Cw W M X 7.5 5000 ABRHIdgsk 175 i**h 100 18 17.S 18 19 338 42 12J 2101 APOI k 30 unch 58 30 30 30
    1,857 words
  • 341 15 524ft M la* 1M My L««0«IO*« OfOJr 0* MM MCap Higti Lw Coda C—pmi M» *4- CIW HI# I— *»yr 5<fcr Cw Wi W 193 92 6000 AVJenmngs A25< A188 -2 71 189 188 188 189 40 88 5.3 7.1 404.6 «001 Cathay Pac 20c HIC720 2.1 74
    341 words

  • FOCUS enterprise
    • 862 16  -  Chun Cheng aims for bigger 2004 revenue and overseas expansion. Daniel Buenas reports Daniel Buenas Sometimes, it pays to be in a "fishy" business, or so Chun Cheng Fishery Enterprise has discovered. Chun Cheng, which deals in the processing of deep sea fish and other seafood, has
      CHRIS LOH  -  862 words
  • Page 16 Advertisements
    • 146 16 Plaza Parkroyal 2003 Grand Finale Roundup 31 December 2003 Traditional Euro-Asian Buffet Lunch Adult 129 80 Child $18 Traditional International Buffet Dinner Adult $36 80 Child *22 Early Bird prices from 5 30pm to 7.30pm Adult $31.80 Child $19.50 Inclusive of a glass of champagne, party novelties and soft drinks
      146 words
    • 63 16 MIRCHI taste of india North Indian cuisine The Esplanade Lunch Peal 12noon 2.45pm SSls.9o+++ SSl7.9o+++ PlnnT 6pm -11pm A Special Express Theater Menu available (6pm Bpm) For reservation please call us at: Tel: (65) 6334 5590 Fax: (65) 6334 5591 8 Raffles Avenue #02-23 Esplanade Mall Singapore *****2 Enjoy free
      63 words
    • 36 16 I VJ-fering cooking classes? Reach out to more readers by advertising in The Straits our C.A.T.S. hotline at 1800-269-9986 and our friendly /4I 'e sales personnel I serve KW V 1/ -J] I SALL Buy Sell
      36 words
    • 6 16 I HI mm TheßusinessTimes SINGAPORE I
      6 words

  • SHIPPING TIMES
    • 522 17 Japanese shipping line's biggest fleet expansion plan in 20 years Reuters [TOKYO] Nippon Yusen KK (NYK), Japan's biggest shipping company, is to invest US$7.l7 billion over five years in 160 new vessels to meet booming demand for the transport of
      Reuters; FILE PHOTO  -  522 words
    • 78 17 [SOUTHAMPTON] Captain of the Queen Mary 2 Ronald Warwick (centre) stands with president of Cunard Pamela Conover (left) and Micky Arison, chairman of Carnival Corporation, in front of the ship after she sailed into the port of Southampton in southern England. The world's biggest cruise liner, 23-storeys tall,
      REUTERS  -  78 words
    • 265 17 Operations on Shanghai's Changxign Island to begin in 2007 AFP AFP [SHANGHAI] Construction has begun in China on what is being billed as the world's biggest shipyard, with operations expected to commence in 2007. The shipyard, covering eight kilometres of coast along Shanghai's Changxign Island,
      AFP  -  265 words
    • PORT Shots
      • 102 17 AFP IfUKT oAiD, tgypij Eigypi s second xoreign excnange earner, the Suez Canal, earned record revenues of U552.57 billion in 2003, up from U551,947 billion in 2002, canal authority chief General Ahmed Fadel said. "The canal achieved its highest ever annual income, passing the US$2
        AFP  -  102 words
      • 90 17 [TOKYO] MO Marine Consulting, a company of the Mitsui OSK Lines (MOL) Group company, has sold its tanker simulator to Philippine Japan Manning Maritime Consultative Committee (PJMCC) for use in crew training. The simulator is an exact replica of the cargo control console aboard a
        90 words
    • 266 17 AFP [LISBON] Portugal plans to build a new port for cruise ships in the capital Lisbon by 2006 after a record number of vessels docked in the city this year, port officials said. The new port will be able to accommodate five ocean
      AFP  -  266 words
    • 301 17 The freight market was closed for Christmas SGX '000 PUS st vol CH Offshore 0.36 0.01 1222 ChuanHup 0.47 unch 232 Ccaco Investment .0.61 0.01 3106 CWT Dstnbution 0 55 unch 0 Ezra Hldgs 0.90 0.02 468 Freight Links .0.12 unch 1530 G6 Holdings .0.71 unch 30 Jaya
      301 words
    • AVIATION/shipping
      • 329 18 Loss-making carrier sure of getting credit line [ZURICH] Airline Swiss is not facing an acute cash crisis and is confident it can get a long-awaited credit line, the loss-making carrier's top executive reiterated in an interview. Asked why a credit line, which Swiss
        BLOOMBERG; Reuters  -  329 words
      • LOG Book
        • 112 18 Reuters [FRANKFURT] Lufthansa aims to return to profitability in 2004 after reaching its goal of breaking even on an operating level this year, the German airline's chief executive was quoted as saying. "We had a record loss in the first quarter, but we are
          Reuters  -  112 words
        • 62 18 AFP [NEW DELHI] Bhutan's tiny state-run carrier Druk Air has stopped direct flights from its capital Thimpu to Bangladesh to prevent Indian rebels from escaping to hideouts there, a Bhutanese official said. The Press Trust of India (PTI) news agency quoted a senior Bhutanese official
          AFP  -  62 words
        • 85 18 AP [WARSAW, Poland] Poland's interior minister said Sunday he would replace the agency guarding Warsaw airport after a tabloid said its reporter had no problem sneaking onto planes readying for flights. "First of all organisation of security must improve at the airport, the work standards and
          AP  -  85 words
      • Article, Illustration
        41 18 AP [LES SABLES D'OLONNE, France] Police officers watch over a British yacht which ran aground in heavy weather at les Sables d 'Olonne, western France. A Dutchman died in the incident, while two British passengers were rescued unharmed. —AP
        AP  -  41 words
      • 3 18
        3 words
    • 3 22 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 704 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ASIA QUEEN 2176 J13 A/SIDE 30/12 0700 BAYSWATER118 E3299 J3 A/SIDE 30/12 0200 CITRA LINE JBD05 J8 /VSIDE 30/12 0300 COM MA ***** ***** J13 A/SIDE 30/12 0630 DELMASSEYCH 001 J24/25 A/SIDE 30/12 0600 MARE THRACIU 013W J18/19 A/SIDE
        704 words
      • 2 23
        2 words
      • 177 23 Dec 30 Philippines: Rizal Day. Dec 31 Philippines: New Year's Eve. Thailand: New Year's Eve. Jan 1 Australia: New Year Day. Brunei: New Year Day. Canada: New Year Day. China: New Year Day. HongKong: New Year Day. India: New Year Day. Indonesia: New Year Day. Japan: New Year
        177 words
      • 840 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
        840 words
      • 569 23 Carboa 180 Mai 991.6 0.9 14.8 0.06 65 0.04 Ok 25 Omlty Water Residue UttaWM SUIwint No above E25 2 0 0 0 0 0 380 Ave 986.1 0.2 13.0 0.05 30 0.02 380 Mai 1001.1 0.6 17.0 0.08 66 0.03 K6/W3 v/v s m/m M/M
        569 words
    • AIR & LAND transport
      • 657 24 But British pilots' association unhappy with plan to put armed officers on some planes AP [LONDON] Deploying sky marshals on aircraft is justified in some circumstances, Britain's Transport Secretary Alistair Darling said yesterday but he gave few details of how the measure would
        AP; REUTERS  -  657 words
      • 299 24 AFP [SHANGHAI] The airline and travel sectors led Chinese share prices to close 1.21 per cent lower yesterday, on fears about a possible return of the Sars virus after the country reported a suspected case, dealers said. Airlines, hotel and tourism stocks
        AFP; REUTERS  -  299 words
      • 355 24 Low cost carrier flies to Ho Chi Minh City four times a week Xinhua [JAKARTA] Indonesia's Lion Air has launched its first flight to Vietnam, providing more facilities for strengthening of business ties between the two Asian countries. Lion's MD-82 aircraft flies to Ho
        Xinhua; AFP  -  355 words
      • 197 24 AP [COTONOU, Benin] French aviation experts arrived in Benin to help authorities glean crucial data from two black boxes they hope will help explain what caused a Boeing 727 to crash on Christmas Day with 161 people aboard. The second of the two black boxes,
        AP  -  197 words
      • 400 24 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
        400 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 664 18 II I.J II ihl 111 CJv f f 'f rn I^l I IMPORT NORTH AMERICA |f AUSTRALIA/NEW ZEALAND ISWCR BHUTTLE EXPBEB3 (BSX) laUBTRALIA ASIA EXPffEM iAAX) 1 VKSa VOY to r-55 KG I I 111 [t mm LOS ANGELES EXPRESS 01W50 1 7/12 04/01 06/01 VISS£I !°I PtO NIDUOYD SOUTHAMPTON
      664 words
    • 468 18 t* lines 4 services represented by Accredited Shipping Agents, "rf S'^gaP o log.shcs Singapore Shipping AssociaHon >< >on ULY UNE MALE f n.ssa vor ha eta eta A P.KUWG SPORE WALE Kindia 305W 31/12 29/12 10/01 Princess Lily 0104 11/01 12/01 20/01 Maid Carrier 744 18/01 20/01 29/01 ULY MARINE
      468 words

  • Page 19 Advertisements
    • 1106 19 TO USA (SAX SERVICE) YISSEL VOY SIN ETA LAX OAK PAL HOU CHI COi MEM Ml HYC Aft SWEDEN 0121 31/12 15/01 19/0) 20/01 20/0) 20/01 20/01 20/01 23/01 23/01 Aft HOLLAND 122E 07/01 22/01 26/01 27/01 27/01 27/01 27/01 27/01 30/01 30/01 AH ENGLAND 1241 14/01 29/01 02/02 03/02
      1,106 words
    • 1014 19 GENERAL AGENTS IN SINGAPORE 80 ROBINSON RD 012-00 SALES BKGS TEL MX 5857/43 FAX **********4 COSTAR SHIPPING PTE LTD SINGAPORE *****6 OLTTWARDB/L) *****802 *****325/75 CRNO **********0 M TEL 6226 1900 (MAIN) INWARD (tVO) *****786 *****319/49 T/SHIPDEP 6420 5825 6238 5316/46 to CONVBfTIONAL *****850 *****208 COSTAR AGENCIES t¥) SDN BHD TEL
      1,014 words
    • 482 19 SIN PKG HANSA NARVIK ****** I 6/1 7/1 10/1 I I I pgTti BRIDGE 044 A ~l7i~ 3/1 SfXAOmU 131SW I 20/1 I 21/1 1 23/1 I I I I INEWDrWAMK: OSIA «/1 10/1 [SATUKN 1403K I 27/1 I 21/1 30/1 I ||PBtTWBIttDG€ (MSA I 17/1 ~1 *Cdh|ltt-MrfSiw -VSI dfej
      482 words

  • Page 20 Advertisements
    • 1164 20 VmV nBR MAC ■mnrniirnr KSfl UCLIVIMO OOCUMCNTATIONS/OWftATIONS: *****M7 FAX: 53M0177 turn* mimi i— fuu amum sbyki k wkt arka Baton IVBSE VOT SWGATOtf POtT KHAWG UHAVtI MM 1 lAMJUI COMAMTT I SB Jm os/oi 7" 04/0) IMU mi i w/07 M? 3IIW 12/01 I 13/01 I 71/01 I 10/07 1
      1,164 words
    • 550 20 BSA x MYANMA ■H FIVE STAR LINE (MVSBMBT Nation UM) Loadtog for Ymjod vtssti vox sm m ra ku HPA-AN 31SW SU PAGAN 32 3W SU IN MAUYSIA: IOUSTEAD SHIPPING AGIIKIES KUL 03-*****300 PM: 03-3176*101 PEN: 04-2****** ACCEPTING COWVEMTIOWAL C6O Vtssa VOT HUG SIN PGU Ptl KIK (UIINESia 41 SU)
      550 words

  • Page 21 Advertisements
    • 1189 21 VESSEL VQY KHH HKO SIN I PKL 1 DXB »AB PMM SIK CAPtOMO PC ISO 16 SKIP 27/12 01/01 02/01 10/01 11/01 16/01 1«/01 SEA NAVIGATOR PC LAO 18 SKIP 06/01 11/01 12/01 20/01 21/01 26/01 2S/01 CAPCHUO PCLBOI9 SKIP SKIP 21/01 22/01 30/01 31/01 03/02 07/02 IKAN SATTARI KLBO2O
      1,189 words
    • 647 21 UK CONTINENT SERVICE Loading for ASIRAT RTM/ATW/BMN/UK/NAN Loads Singapore. E-/W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for PLAMER DBI/ABU/DO H/BRN/DMM/KWT GRAIN TRADER JDH/AQA PAN BRIGHT DBl/ABU/DOH/BRN/DMM/KWT VTC STAR DBl/ABU/DOH/BRN/DMM/KWT "Loads Singapore. E7W. Malaysia Indonesia USA SERVICE Loading far AVENTICUM CAM/NFK/SAV/NOL NENA F CAM/NFK/SAV/NOL MALIKKA NAREE VCW/lAX/MZL "Loads EVW Malaysia. Indonesia F.E./S.E.A.
      647 words
    • 673 21 _ffisa m m esi Jtosa vox m 5 mms* now UZI2 u/n rttSWl tlfiU lizu ism PMMHPA now 11/12 H/ll >lllllTi7 MZi 21/12 22/12 MCMNOA IIO4M N/12 21/12 fit Mill CIH22 2102 2UU SB now— 22/12 22/12 M 74 U/\7_ >0/12 net)** um 23/12 23/12 IHHHBTTTTinnTTTUVB^MI PKOAMDA 1107N 24/12 24/12
      673 words


  • Page 23 Miscellaneous
    • 125 23 SSSSS£BBBS3BSSSSSSSSB3ESgSSSSBfc I2Og 'IjL I FOR 7AM 30 Dec 2003 N, PPP* rw^^^Sf > Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols y 7 Showers Fu circle w/o line indicates calm or light and variable winds Rain One halt fleche represents 5 knots Cloudy Day -One full fleche represents
      125 words