The Business Times, 18 February 2004

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) *****3/2003 Internet- http://business-fimes.asial .com.sg SINGAPORE WEDNESDAY, FEBRUARY 18, 2004 85C
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  • 997 1  -  But retailer will still have $250m available to be distributed By Kalpana Rashiwala [SINGAPORE] Bluechip retailer Robinson and Company, which yesterday proposed to distribute nearly $150 million in special and interim dividends, will still have a further $250 million of cash and investments.
    FILE PHOTO  -  997 words
  • 77 1 STI 1,893.47 (+32.08) ST INDEX FUTURES M 93.00 (+28.00) SIMSCI 226.72 (unch) SIMSCI FUTURES 230.30 (+3.50) Tuesday Change KLSE COMP 845.80 +17.6:1 NIKKEI 225 10,701.13 +152.41 HANG SENG 13,815.44 -16.09 SET INDEX 748.83 +951 JAKARTA COMP 777.00 +1.77 MANILA COMP _1,464.88 -0.11 TAIPEI WPI 6,600.47 +35.10 SEOUL COMP 884.80
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  • 74 1 FOREX RATES US$ S$ I'SS (S$ per IJS$) 1.675 £(IJS$/S$ [MT i)... 1.895 3.174 EUR0(1JS$/S$/E). 1.283 2.149 YEN 105.6 63.10 RM 3.800 2.268 HKS 7.771 4.638 BAHT 39.03 23.29 RUPIAH 8,401 5,014 RENMINBI 8.299 4.954 INDIAN RUPEE 45.28 27.03 AS 1.257 0.750 NZS 1412 0.843 PRIME RATES SINGAPORE 5.25
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  • 758 1  -  ShareInvestor.com posting on CAD rumours also said to have contributed to sell-off By Serena Ng [SINGAPORE] A note sent by OCBC Securities' central dealing team to its trading representatives may have contributed to Datacraft Asia's market capitalisation plunging by US$7O million over
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  • 896 1  -  BUDGET WISHLIST Views divided on whether long-term tax rate should fall below 20% By Wong Wei Kong [SINGAPORE] Should corporate and personal tax rates fall below 20 per cent? Not everyone thinks so. But there's broad agreement that measures can be introduced in
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  • Page 1 Advertisements
    • 1 1 8
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    • 36 1 Logistics companies deliver millions of packages around the world with just one call. You rely on them. They rely on us. 4 A. it jj I r HI JhHH '002 For office, home and mobile lines.
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    • 61 1 INSIDE CORPORATE NEWS NOL quits tanker sector withUSsssm sale Pg4 Start of price war between airlines? Pfl7 COMMENTARY Venture Corp still on track Serena Ng, Pg 4 SINGAPORE ECONOMY Surprise 2.7% rise in key Jan exports lifts recovery hopes Pgll SHIPPING TIMES Tough 2003 for S'pore marine industry. But EDB
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  • NEXT page
    • 648 2  -  US semiconductor equipment makers in Dec post best book-to-bill ratio of 1.2 in 2 years By Raju Chellam [SINGAPORE] Reflecting the continuing surge in the semiconductor industry, the world's top semicon equipment makers have reported the best book-to-bill ratio in two years, a
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    • 803 2  -  Professor pushes economic value added, bonus bank By AnnaTeo [SINGAPORE] With a national movement now towards performance-linked variable pay, it's all the more crucial that Singapore companies get their performance measurement right, says University of Chicago professor Joel Stern, an authority on financial economics,
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    • 408 2  -  But drive sparks dismay among some businessmen From Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Ahmad Badawi's anti-corruption campaign has intensified but it has also dismayed some businessmen. Two senior officials of state-owned agency Perbadanan Nasional— Shaharin Shaharudin and
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    • 37 2 IN our report, "Faber Hills condo returns to en bloc market" (BT, Feb 17), we said the tender for the property closes on March 18. Jones Lang Lasalle has clarified that it should be March 10.
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 176 3 IB fl I I I -Bj |M f BEST IN CORPORATE GOVERNANCE BEST IN CORPORATE GOVERNANCE K< (BY INDUSTRY) (BY COUNTRY) E Ist-SingTel SINGAPORE: Ist Sing Tel B PHILIPPINES: Ist- Globe Telecom K| THAILAND: 3rd-AIS Asiamoney, September 2003 The Asset, November 2003 i» u BEST MANAGED COMPANIES BEST ASIAN TELCO
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  • 4238 4 UNIT TRUSTS FUNDS ■wmxTlTrETVHHHIIH om (j,obal franc* |n^x w o 983/ Com Global Lifestyle Index Fd 0 974/ A M M #c Com Global Healtn Index Fd 0.893/ A8N Amro Asset Mgt (S pore) Com Global Telecom Index Fd 0 508/ Star Europe Eqty 0 774/ Com Global Intotec Index
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  • SINGAPORE companies
    • 565 4  -  It sells tanker unit to HE's Titan for US$8m profit By Beth Jinks NEPTUNE Orient Lines (NOL) exited the tanker business at a profit yesterday with the sale of its product tanker subsidiary, Neptune Associated Shippins (NAS), to Hong Kong-listed oil group Titan
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    • 668 4  -  HOCK lock siew serena ng THE shares of Venture Corp, Singapore's biggest listed electronics group, soared yesterday after it reported record profits the day before. But the group's rapid growth has raised concern among some research houses that it could soon slow down. Consequently, they have
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    • 765 7  -  Big network carriers with deep pockets may be turning to 'predatory pricing' to try to snuff out budget airlines. Ven Sreenivasan reports Ven Sreenivasan HAS the potentially bruising battle for air passengers already started? Reading some of the latest newspaper advertisements for low fares,
      AFP  -  765 words
    • 404 10  -  Minority shareholders accept 13-cent apiece buy-out offer By Kenneth Lim THE stock market may have rallied and optimists may be predicting an economic recovery, but for long-suffering shareholders of NM Holdings, NM means "no more". Just four years after it first listed, the flexible
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    • 456 10  -  By Kenneth Lim NORELCO Centreline Holding's net profit may have dipped 0.8 per cent to $9.1 million for the year ended Dec 31,2003, but chief executive Peter Koh isn't sweating. To him, taking the bitter pill means that the maker of hard-disk-drive and semiconductor
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    • 288 10  -  It is still hoping to sell Meritns Negara at the right price By Vince Chong HOTEL Negara, the holding company of the Meritus Negara hotel, continues to spill red ink, posting an $842,000 loss for the year ended Dec 31,2003 even as it
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    • COMPANY Briefs
      • 40 10 Reuters SINGAPORE-LISTED China Aviation Oil (CAO) plans to supply up to 840,000 tonnes of jet fuel to Shanghai airport, China's busiest, in 2004, up 34 per cent from last year, its CEO said yesterday.—Reuters
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      • 38 10 BBR Holdings (S) Ltd said Singapore Piling Civil Engineering Pte Ltd, a wholly-owned subsidiary, has been awarded a $31.46 million contract for the proposed development of Girls' Complex and Emergency Relief Operations Centre.
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      • 67 10 GREATRONIC reported a $2.4 million group net profit for the year ended Dec 31,2003, against a $702,000 net loss previously. The turnaround was due to gains on waiver of a $3.04 million debt owed to one of the company's substantial shareholders, Greatlink Electronics, and other income of
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      • 85 10 LC Development yesterday posted a $1.05 million group net profit for the half-year ended Dec 31,2003, against a $1.5 million net loss previously. The turnaround was due to the group's property and serviced residences businesses returning to the black and the group's hotel business
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      • 57 10 BEAUTY and healthcare brand marketing company TR Networks Ltd yesterday said net revenue increased by 52 per cent to $3.1 million for the six months ended December 2003. Its profits after tax rose 5 per cent to $623,000, while gross profit margin improved to 78
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      • 110 10 PLASTIC injection molding company Penton International yesterday said it was buying a 10 per cent equity stake and 10 per cent of the long term debt of Hua Fong Investments Pte Ltd for $1.68 million with a vendor-guaranteed initial dividend of $403,200, or
        110 words
      • 71 10 SPECIALTY chemicals and dye-maker, Matex International said yesterday its enlarged public offer tranche of over 4.5 million shares was 274.7 times oversubscribed. In total, subscribers applied for 1.31 billion offer shares, with application monies received amounting to $367.06 million. Based on the total invitation size
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  • Page 4 Advertisements
    • 173 4 Esplanade Presents f jfai T *tj j\l w I *~H~ *Z* f |y U M 9 Mar 04, Tue, 7.30pm Esplanade Concert Hall s\ /AV Cam Urmcs The queen of flamenco singing brings the traditional music of Spain to life with her haunting vocal prowess. jffc Enjoy TWO glasses of
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  • Page 5 Advertisements
    • 1885 5 3. CASH FLOW STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2003 GROUP 3 mths to 3 mths to 6 mths to 6 mths to 31 Dec 31 Doc 31 Doc 31 Doc 2003 2002 2003 2002 $'000 $'000 $'000 $'000 CASH FLOW FROM OPERATING ACTIVITIES Profit before taxation, excluding
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  • SINGAPORE markets
    • Article, Illustration
      591 6  -  Compiled by VEN SREENIVASAN Venture Corp Feb 17 dosing; $21.30 VENTURE'S Q403 and full-year FYO3 results were within our expectations. Growth in FYO3 was across all product segments except networking and communications. Venture continued to make progress with new customers and product introductions, and should see further gains
      Source: Bloomberg  -  591 words
    • 378 6  -  CHART POINT By Lim Say Boon,K Ajith FOR investors and traders seeking direction, the market's aimless drift during the past week must have seemed like slow torture, as it traded within a narrow range of 30 points between 1,860 and 1,890. But
      Source: Bloomberg  -  378 words
    • 906 6  -  A longer view CURRENCIES larry wee PRESSURE to buy Asian currencies is hotting up, even as the US dollar continues to hit fresh multiyear lows versus its counterparts elsewhere. The logic seems quite hard to fault on paper, even if it takes a bit
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    • 514 6  -  BT comment STOCKS r. sivanithy ANY lingering worries about the iranact of bird flu on the region have faded weajinto the background, judging by yesterday's gains here and in Malaysia. If anything, it looks like investors are undaunted by the viral outbreak
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    • TRADES TO WATCH
      • 205 6 SOFTWARE and telecommunications solutions provider iSoftel said one of its substantial shareholders sold around 4.68 million shares in a married deal on Feb 16, while fund manager Arisaig Partners acquired 12 million shares from the open market on Feb 13 and 16. Shareholder Harry
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      • 120 6 A SUBSTANTIAL shareholder of Broadway Industrial Group, Lam Seng Hang Limited, on Feb 16 sold 600,000 shares in the open market. The sale reduced its direct shareholding in the group to 6.61 per cent, or 8.9 million shares, from 7.06 per cent. Broadway's executive chairman Wong
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      • 56 6  -  Compiled by SERENA NG THE Singapore branch of US bank Citibank sold three million FHTK Holdings shares on Feb 13. The open market sale reduced Citibank's direct shareholding to 5.68 per cent, or 69.94 million shares, from 5.93 per cent. FHTK shares yesterday finished half
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    • Article, Illustration
      417 6 OTHER SINGAPORE INDICES Feb 17 VALUE CLOSE BTOB/OS 83.00 +272.00 BTCAM -*****.00 +111.00 BTlO-duyMA -*****.00 +9.00 Afl-SG Equities 510.55 +6.68 SG Equities Elect 184.98 +2.70 SGEquitiesFta 1585.34 +24.05 SG Equities Prop 473.31 +7.55 SMSa 226.72 unch SiMSCI Futures 230.30 +3.50 Stocks Votam Bio-Treat HK40c 223,220,000 Interra 5c 45,614,000 PacificCenturylOc 40,105,000
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  • Page 7 Advertisements
    • 360 7 Leading^^S^B Change: What Really Do An event designed to ensure sustainable and cascading leadership and change April 16, 2004 Suntec, Singapore By the end of the seminar Voted #1 Leadership you will be able to anc j change Guru By Analyse and describe your personal Business Week USA response to
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  • EXECUTIVE money
    • 833 8  -  By Genevieve Cua THE appetite for risk may be rising, but many may still puzzle over where they can park excess cash and earn a higher interest rate than a plain vanilla cash account. There are some options, but many carry some level of risk, particularly
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    • 846 8  -  BT comment YOUR MONEY Fund managers have the duty to keep the industry beyond reproach at all times genevieve cua UNTIL recently, the mutual fund scandal raging in the US seemed a world away. But the recent court judgment against errant executives in
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    • 714 9  -  The absolute return fund is expected to rely heavily on market timing By Genevieve Cua CREDIT Suisse Asset Management is planning to launch an absolute return fund with an Asian theme in the second quarter, with the flexibility to invest up to 100
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    • 380 9  -  By Taila Krishnakumar THE Consumer Mediation Unit has completed its first successful year of dispute resolution, resolving 98 per cent of the 380 cases it handled. The CMU is an independent unit set up early last year under the Association of
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  • Page 8 Advertisements
    • 270 8 lower rentsT^Ml Call now! International Business Park (IBP) Close to Jurong East MITT station and bus interchange 130sqm onwards Raised floor system > Column free layout 142sqm onwards u Great tenant mix ihp Column free layout u Changi Business Park 10-min drive to Changi airport and close to PIE ECP
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  • Page 9 Advertisements
    • 533 9 Call toll-free 1800 289 8822 ASSETS FOR SALE Traditional Indonesian Batik/China Cloths in huge quantities Office Equipment Furniture Beauty Health Care Products PROPERTIES FOR SALE OR LEASE 6 storey warehouse, Tai Seng Dr., Land Area 8969 sq.m., GFA ***** sq.m. 2 storey terrace factory, KimChuan Dr., Land Area 559.3 sq.m.,
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    • 185 9 business f solutions y M \\>^/ \J I I new name. Specialists in Credit Insurance, Bonds, Guarantees. Continuing our commitment to protecting your business. We are now ECICS Limited: a wholly owned subsidiary of publicly-listed International Factors (Singapore) Ltd, and regulated by the Monetary Authority of Singapore. ECICS Limited continues
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  • Article, Illustration
    1065 10 Transaction date: Feb 17 -vyf- nanUnij' IT| m i|i|Hiii»ii"n iMMMWIIBMWMWWllllllllBMMWMWBWMBBBHPHBMIMMfcMWMWMWWBBHHBWHWBBMWMMBBWMIBMWWMIil mTERBAMK CROSS RATES »S C$ Rmb Euro HKS lad Rs RupMi Yen Wot W *2$ Ptfcta Peso SSi—d Sir MttBal* Pvmi US$ Austria 1044 6.604 0.620 6.183 36.034 66.847 0.841 9.216 3.024 1.124 45.636 44.590 1.333 5.286 0.978 26.339
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  • Page 10 Advertisements
    • 1058 10 Jy^|^£j^^^y|^^^^^^|^JJJJJ^^T^^vertiserainolWrecJlBo^B^BB2r^m^l^otices@sp|^onrsg NUCLEUS ELECTRONICS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 9th annual general meeting of the Company will be held at 9 Raffles Place. Penthouse, 62° d -64' h Floor, Tower Club, Republic Plaza Tower I, Singapore *****9 on
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    • 205 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KENG HUA FURNITURE (PTE) LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, (Chapter 50) that the Final Meeting of the Members of the
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    • 173 10 IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF NEWTON (PRIVATE) LIMITED (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50, 1994 Ed), the Final Meeting of the members
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    • 509 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TACTICAL AUTOMATION PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTIONS At th« Extraordinary General Meeting of the Members and the Meeting of the Creditors of the Company held at 50 Collyer Quay, #0203/04 Overseas Union
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  • SINGAPORE news
    • 405 11  -  EYE on the economy trade Figures indicate trend of slow, steady growth is intact: economists By Andrea Tan IN another sign of economic recovery, Singapore's nonoil domestic exports (NODX) rose 2.7 per cent year on year in January. But this
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    • 299 11  -  By Uma Shankari OUTDOORINASIA, a Singa-pore-based company that specialises in outdoor teambuilding and corporate events, and Murax South East Asia, a company involved in e-commerce, trading, risk management software and related services, have picked up France-Sin-gapore Entrepreneurship Awards. Outdoorinasia won the Entrepreneurship Award and Murax
      CHRIS LOH  -  299 words
    • 323 11  -  By Chen Huifen SINGAPORE and Panama agreed yesterday to launch first-round negotiations for a bilateral free trade agreement (FTA) in April. When concluded within a year, the FTA will be Singapore's first with a Central American country and Panama's first with
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    • 467 11  -  EMA says slide shows market is more efficient now By Tang Weng Fai THE outlook for Singapore's electricity industry looks murkier going forward, with wholesale power prices having weakened in the two months since the energy regulator started vesting contracts to
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    • 322 11  -  By Vince Chong ITS five-year moratorium on government projects will end this year but CPG Corporation the corporatised former Public Works Department that has since been sold to an Australian-listed group is not losing sleep. Under the moratorium, it gets first choice of government projects
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  • Page 11 Advertisements
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    • 204 11 Take a break on us! Businessoass* i Singapore New Zealand Fly return Business Class on Air New Zealand now 3, (return) and receive: and enjoy a night in a luxurious suite on the sunny island of Bintan. FREE 1 Night Slay worth SGD3OO in I a luxurious Nirwana Suite at
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    • 81 11 /Special Lunch Menu y-* EEr $5.80 Nett Per Item Vz With FREE Choice of One Coffee/Tea/Soft Drinks or Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese Mutton Stew Saut6ed Chicken with Chinese Sausage Its isges'lime All Day Mug6>s4.oo nett each Jug@sls.oo
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    • 90 11 "East Meets West" Buffet Hi-tea Every Saturday, Sunday fIHSS J y. PubUc Holiday at CaMVanda ll U) 12.00pm-4.30pm Adutt $14.80+ Child 10.00+♦ (4-12yrs) Tea favour*** Include Dim Sum, Satay, Laksa, Roiok, Chicken Pie and morel Popular desserts like Chendol and Homemade NonyaKuey For parties of 25 or more, Just add
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    • 50 11 MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes rT to leave you spoilt for choice. Reservations: 6831 6271/72 c MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
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  • EDITORIAL & opinion
    • 781 12  -  THE bottom line OPINION frank ching THE relationship between Hong Kong and Beijing is at a critical point with the central government having cautioned the special administrative region (SAR) not to rush headlong into democracy while local people fear that their democratic aspirations may
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    • 45 12 'Expectations on him were unreasonable because he was such an empty vessel and everybody put their hopes and desires into this empty vessel.' Matt Bennett former supporter of General Wesley Clark, on why his candidate pulled out of the US presidential race.
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    • 659 12 EDITORIAL AMID continuing pressures on China to move towards greater exchange rate flexibility, could it be that Beijing's earlier resistance to such a move is being tempered? A number of currency analysts think so, and with good reason. Last week, a report in an influential
      659 words
    • 974 12  -  In economic and business life, Asia lags badly behind the West in adopting systems to cope with risk and reduce it to acceptable levels By Ernest Kepper ASIANS are no strangers to risk, whether in the form of natural disasters such as earthquakes
      AFP  -  974 words
    • 610 12  -  COMMENTARY US workers are the poor victims of an unbalanced tax system By Cathy N Davidson LAT-WP THE US economy and its tax system have been punishing the American worker for years and there's no end in sight. I lived in Michigan from 1976 to 1988, during
      LAT-WP  -  610 words
  • Page 12 Miscellaneous
    • 234 12 UttVFTIC CROSSWORD hospital 25 Truly pious around the home 7 A)jen mate j n battle Across: 1 Plate glass, 9 Pall, 10 26 That Communist with no yen C° ver 9'rts, 11 Single, 12 Franto be in revolution (6) 12 Musk: from Handel m a dull tic, 15 Slovene, 16
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  • REGION world
    • 556 13 HONG KONG HK hopes to be selected as priority destination once approval is given Reuters, AP, Bloomberg CHINA is expected to allow its social security fund, which manages more than US$l4 billion, to invest in overseas financial markets, with Hong Kong
      Reuters,; AP,; Bloomberg; AFP  -  556 words
    • 288 13  -  Figure is comparable to that for electronics Reports from Diana Oon Abdullah in Kuala Lumpur AMERICAN companies have invested a cumulative RM26.8 billion (Ssl2 billion) in the Malaysian services sector as at end-2003, almost equal to the RM27.3 billion they have
      288 words
    • 121 13 THE Malaysian government has launched an RMBOO million fund (*****.6 million) to revive ailing small and medium enterprises, which now owe a total of RMII.B billion in non-performing loans (NPLs), Deputy Minister for Finance Ng Yen Yen said yesterday. The NPLs, which stood at
      121 words
    • 205 13 SEOUL Bloomberg CITIGROUP Inc, the world's largest financial services company, has agreed to buy a 46.36 per cent stake in Koram Bank for 1.4 trillion won (Ss2 billion), the JoongAng Ilbo newspaper reported yesterday, citing unidentified regulators and senior executives in the financial
      Bloomberg  -  205 words
    • 270 13 SEOUL AFP A FORMER top executive of IBM Korea was yesterday sentenced to 18 months in prison for his part in South Korea's biggest corruption scandal involving a foreignowned firm, officials said. Jang Gyeong Ho, IBM Korea's former executive in charge of
      AFP  -  270 words
    • NOTE Book
      • 116 13 [KUALA LUMPUR] Sunway City Bhd will be closing down its unprofitable theme park in Sydney by the middle of this year following difficult market conditions and persistent losses incurred by the venture, reports the Malaysian Business Times. The company, via its unit Hardford Lane
        116 words
      • 101 13 Bloomberg [NEW YORK] US industrial production rose 0.8 per' cent in January as factories made more vehicles, appliances and computers, a report from the US Federal Reserve showed. Colder weather boosted utility output by the most since December 1989. The increase in production
        Bloomberg  -  101 words
      • 119 13 AP [BANGALORE] German company Siemens will move most of the 15,000 software programming jobs from its offices in the United States and Western Europe to locations such as India, China and Eastern Europe, a company official said on Monday. "Siemens has recognised that a
        AP  -  119 words
      • 69 13 Bloomberg [KUALA LUMPUR] Malaysia's economy probably expanded by more than 5 per cent in 2003 after exports surged in the final quarter, a minister said. "We had a very buoyant fourth quarter which has exceeded expectations," Deputy Finance Minister Ng Yen Yen told reporters
        Bloomberg  -  69 words
      • 106 13 Reuters [TOKYO] Troubled car maker Mitsubishi Motors Corp plans to close one of its three Japanese plants and may sell its joint ventures in Thailand, Malaysia and the Philippines, among others, a newspaper said yesterday. The Nihon Keizai Shimbun said parent DaimlerChrysler AG, which owns
        Reuters  -  106 words
      • 65 13 Bloomberg [NEW DELHI] India may decide on raising the limit on foreign investment in telecommunications companies after elections for the country's parliament are over, Telecommunications Minister Aran Shourie told reporters in New Delhi. India's Cabinet deferred a decision to increase the limit on
        Bloomberg  -  65 words
      • 76 13 Reuters [KUALA LUMPUR] Malaysian Airline System Bhd yesterday reported a 30 per cent drop in net profit in its fiscal third quarter. The national flag carrier earned RM230.06 million (*****.2 million) for the three months to end-December, versus RM330.4 million in the same
        Reuters  -  76 words
  • Page 13 Advertisements
    • 244 13 On March Ist, celebrate 100 years of music-making with the London Symphony the LSO will perform Britten's Four Sea Interludes from' Peter Grimes', Orchestra (LSO) as it gives its much-awaited performance in Singapore. Stravinsky's Firebird Suite, and Shostakovich's Symphony No 5. It's M Consistently regarded as one of the world's
      244 words

  • 4582 14 Transaction date: Feb 17 HONG KONG Vol HK Exchanges Clearing .20.75 0 40 7508 HKS '000 HKR Int'l 3.18 -0.03 1919 H K and China Gas 13.15 unch 8842 Aeon Credit 5.90 -0.15 1510 Hong Kong Electric 32.60 -0.20 2337 Aeon Stores 5.85 unch 482 Hongkong Chinese 1
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  • 2362 14 Transaction date: Feb 17 KUALA LUMPUR IS "°2? ,12 Vo General Corp 0.54 0.01 228 RM *1- C000) General Soil .1.26 unch 0 Genting 17.70 0.70 658 A M Realty 1.71 0.01 47 George Kent 1.10 0.01 125 Abric 0.81 0.03 430 Gobetron.cs Tech 7.20 unch 79 ACP Industries
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  • 827 14 Transaction date: Feb 17 so*—* wt o— an* stadia—a m o— Chang* AHgrwn 50c 0.38 1.130 +0.010 NatSteol 50c 0.36 2.180 +4420 CapfcaLand 120 1.710 +0.030 OCBC 822 12.400 +0.100 Chart SamlCond 26c 1.38 1.730 *0X120 OUf 0.44 6.900 +0.050 Oty DcvSOc 2.26 6450 +0.200 PartawayH2Sc 0.46 1.000 ComfortCMoro
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  • 669 14 BONDS WARRANTS Pram Expiry Tal Last Vol Conv Exar Disc Gaar- Nnhs Mt CiwpK Sato +ar- (•<**) Batlo Price !■> Laft 3698 ASTIW*****1 .40.5 unch 2 1 16 -7 1.49 4 3697 Acma Ltd W*****6 AS 1 SO 432 19.00 9 3602 Amtek W*****0 115 1 33 3 1.25 16
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  • Page 14 Advertisements

  • WORLD news
    • 568 15 ATLANTA Deal creates combined company with potential 46 million subscribers AP, Reuters CINGULAR Wireless, the US' No. 2 mobile phone provider, has agreed to acquire third largest AT&T Wireless for more than US$4O billion, a deal that could create the nation's largest
      AP,; Reuters  -  568 words
    • 389 15 COMCAST-DISNEY TAKEOVER FIGHT NYT [LOS ANGELES] The board of the Walt Disney Co unanimously rejected a US$54 billion unsolicited stock offer from the Comcast Corp because it was too low. The bid was spurned, according to a statement released by the board on Monday, because
      NYT  -  389 words
  • 6651 15 Transaction date: Feb 17 52-Wk Tol Laft Vol Day Last Quote GrDiv Uv GrYM Mot MCap High Low Cod* Company Silo ('000) High Low «uy« Mj» Cvr WE Swj 69.5 39.5 5834 A Sonk 53 +2 3187 53.5 51.5 53 53.5 18.3 149.5 8 5300 ABNAmroNLG 56c 9
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  • 71 15 52-Mfk Td Lart Vol Day Last Quote GrOtv Mv GrVM N«i MCap Wgh Low Cod* Company Sate 000) High Low lay Saiw Cw M W 2060 2000 6065 Diamonds US2060 2120 6095 15 Di US Tech US3740 6097 IS MSCI Spore US555 6101 ISS&P500 US8270 9650 9650 6170
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  • 1869 15 52 -Wk Tel IM Vol Day Latt Quota GrOtv Dtv GrVM Nat MCap High Urn Coda Company Sata rOQO) Wgh Low liyr Sa»or Cvr WE So* 26 7.5 5000 ABR Hldgs Sc 17.5 unch 99 18 17.5 17.5 18.5 33.8 42 12.9 2101 APOil5cI 33 -1 682 34
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  • 342 15 52-Wk Tel l*t Vd Day lart Quota GfOiv D»v GrYM Net MCap Mall Low Coda Company Sala W- ("000) High Low fciyr SaHaf Cw KH 193 96 6000 AVJennings A25c A182 -1 42 183 182 183 184 40 8.8 5.5 6.9 391.7 6001 Cathay Pac 20c HK720 265
    342 words

  • BT motoring
    • 376 16  -  The biggest car tyre markets are US, Europe and Japan, but China is catching up fast, reports Samuel Ee Samuel Ee THE Asian tyre market has been growing 10 per cent a year for the past five years and now accounts for a third of
      376 words
    • 487 16  -  He's building a showroom in western Jakarta to house the marque By Samuel Ee MOTOR magnate Karsono Kwee is driving deeper into Indonesia. Not content with representing three brands there already, he is adding a fourth this year BMW. Mr Kwee is the
      PT EUROKARS  -  487 words
  • 1602 16 SICOM FUTURES Febl7 RUBBER Futures (Closing prices) RSS1 < s cents/kg) Close Volume Open H 0 1 Hj£» low Sett (tonnes) Interest Mar 04 219.50 Apr 04 222.00 May 04 223.00 Jw 04 223.75 Jul/Sep 04 225.OO Oct/Dec 04 226.75 RSS 3 (US cents/In) Volume Open Month KIqIi low
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  • Page 16 Advertisements
    • 481 16 Prestigious address Robinson Rd 2 mins walk from Raffles Place MRT Spacious 2,411 sf for the entire floor Floor space absolutely column-free Lift opens exclusively at doorstep Grand building very well-managed Call toll-free 1800 289 8822 IN THE MATTER OF SANTANDER INVESTMENT SECURITIES SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION)
      481 words
    • 122 16 Drake Executiv# Search provides you with the expertise to match quality executives Professionals and Managers from middle to senior management positions, within your industry Our consultants bring a wealth of experience, assisting you in your search for the highest calibre of professionals and managers while allowing you to remain focused
      122 words

  • SHIPPING TIMES
    • 283 17 Reuters A HEALTHY outlook for demand for new South American crops is pushing Panamax dry bulk rates back towards record highs seen earlier this month on insatiable Chinese demand, brokers said yesterday. "Freight rates of the Pacific route have fallen, but they are regaining some footing. Overall prices
      Reuters  -  283 words
    • 285 17 SGX 000 Feb 17 5S W- Vol CH Offshore- 036 unch 1142 ChuanHup „0.51 -0.01 2415 Cosco Investment. 0.90 0.04 ***** CWT Distribution 0.54 unch 20 EiraHldgs 1.24 a04 371 Freight Unks .0.13 unch 2754 G8 Holdings 0.71 -0.01 29 Java Holdings 0.85 0.02 4443 K1 Venture .0.22
      285 words
    • 707 17  -  But EDB confident transport sector will bounce back this year By Beth Jinks [SINGAPORE] Singapore's marine and aerospace industries both suffered contractions in 2003, while competition toughened for logistics business, but the Economic Development Board (EDB) remains confident that growth will be
      707 words
    • 176 17 [SINGAPORE] Crane leasing group Portek International has signed six contracts worth a total of $22 million, including a deal with Hutchison Port Holdings (HPH) that indicates the Singapore group has mended its relationship with the world's biggest terminal operator. Portek said it had won a
      176 words
    • 251 17 [SINGAPORE] Hong Kong's Wallem Group has acquired Harpers Shipping (Singapore) from Salenia of Sweden for an undisclosed price, the Wallem Group announced recently. The deal will see Harpers Shipping one of Singapore's long established agencies merge with Wallem's Singapore agency business under the Wallem
      251 words
    • 321 17 Dip due to Chinese New Year falling in Feb last year Reuters [HONG KONG] Hong Kong, the world's busiest container port, handled 0.9 per cent less container traffic in January, partly due to the Chinese New Year holiday, the city's Port Development Council
      Reuters; FILE PHOTO  -  321 words
    • 940 18  -  STRAIT TALK By David Hughes LAST week, the International Maritime Employers Committee (IMEC) held its annual general meeting in London. In what was the culmination of a quite remarkable year for industrial relations on the world's commercial fleet, IMEC set about restructuring itself
      FILE PHOTO  -  940 words
    • 202 18 PAGE Alianca 5 Austral AL 5 Avant 6 Bank Line 4 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 China Shpg 5 Confer 6 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng
      202 words
    • 12954 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone I SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'ivolre i 25/02 29/04 COSCO EMPRESS SEA 0151W 65-*****900 26/02 21/03 Delmas DELMAS CHARCOT 415W 65-*****344 26/02 06/04 Delmas DELMAS BLOSSEVILLE 003W 65-*****344 26/02 26/04 CMA COM APL
      12,954 words
    • SHIPS IN PORT
      • 651 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CITRA LINE JB4202 J10 A/SIDE 18/02 0300 CSAV SANTOS *****N J24/25 A/SIDE 18/02 0700 KIMTRANSAQUA 3091S J14 A/SIDE 18/02 0630 MARCOPOLO 82 02/04J J15 A/SIDE 18/02 0630 SHAN FURYU 05/04 J3 A/SIDE 18/02 0800 SWISSCO 95 001 J7 A/SIDE
        651 words
      • 1585 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr I ABU DHABI C274E C274E 1 21/02/2004-08:00 21/02/2004-20:00 ACX LILAC 062N 062N 1 21/02/2004-15:00 22/02/2004-03:00 AKINADA BR 10E 10E 1 20/02/2004-04:30 20/02/2004-20:00 ALEN YAL019 YAL019 1 20/02/2004-07:30 21/02/2004-07:30 AMERICA SEN
        1,585 words
      • 151 25 Feb 22 Brunei: Islamic New Year. Indonesia: Islamic New Year. Malaysia: Islamic New Year. Feb 23 Brunei: National Day. Mar 1 South Korea: Independ Day. Mar 21 Japan: Vernal Equinox Day. Apr 4 HK: Ching M Fest. South Korea: Arbor Day. Taiwan: Ching M Fest. Apr 6 Thailand:
        151 words
      • 763 25 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        763 words
      • 526 25 Carbon F»b 12 Density Water Residue AshAlumlnlum Sedliwnt M/M bona K6/W3 V/V M/M H N/M PPM IMthOd ISO/Cimac Limits Spec EZ5 991 1.0 15.0 0.10 60 0.10 Spec C35 991 1.0 18.0 0.15 80 0.10 Northern Europe 180 Ave 980.4 0.1 11.7 0.04 18 0.02 180
        526 words
    • AIR & LAND transport
      • 376 26 Airlines revamp passenger lists; 70% of travellers reach destinations AP [PARIS] Despite fears of spreading disruption, Paris' main international airport was spared the repercussions early yesterday of an air traffic controllers' strike that was to force cancellations for a second day
        AP; AFP  -  376 words
      • 381 26 Reuters [CHICAGO] Boeing Capital Corp is seeking bankruptcy court approval of its own plan of reorganisation for Hawaiian Airlines, a proposal that would restore one of the carrier's former chief executives and bring in US$3O million of new equity capital. Boeing
        Reuters; BLOOMBERG NEWS  -  381 words
      • 251 26 AFP [ABU DHABI] The United Arab Emirates will take delivery of a first batch of the latest US-built F-16 jet fighters before the end of 2004, the air force commander said in a statement. "The UAE will start
        AFP  -  251 words
      • 213 26 Reuters [ROME] State-controlled Italian airline Alitalia pressed the government to give the go-ahead to a hotly contested rescue plan that would slash its work force by about 12 per cent. The carrier, which has forecast an operating loss of more than 400 million
        Reuters  -  213 words
      • 168 26 AFP [PARIS] The British lowcost airline Easy Jet attacked France in a newspaper statement yesterday for discouraging the development of cheap airline travel in competition with services by Air France. Easy Jet said it was "incomprehensible" that France did "so little to permit the emergence
        AFP  -  168 words
      • 268 26 It plans to have debt and revenue in same currencies Reuters [BANGKOK] Thai Airways International said yesterday it is seeking to refinance its dollar-denomi-nated debt in other currencies to cut interest costs and minimise foreign exchange risks. A company official, who declined
        Reuters  -  268 words
      • 153 26 Bernama [KUALA LUMPUR] More flights and a doubling of passenger traffic over the past three months have seen local service providers at Senai Airport enjoying brisk business, with sales increasing as much as 40 per cent. Senai Airport Terminal Services Sdn Bhd (SEATS), the country's
        Bernama  -  153 words
      • LOG Book
        • 94 26 AP [HONG KONG] Air carriers Dragonair and Air China began a code-sharing agreement on Monday that lets them sell seats on one another's flights between Hong Kong and the mainland. They will cooperate on flights serving the southwestern cities of Chengdu and Chongqing as well
          AP  -  94 words
        • 112 26 AP [HONG KONG] Police have arrested an American man who allegedly was carrying 15 rounds of ammunition in his hand luggage as he tried to change airplanes in Hong Kong, a spokeswoman said yesterday. Authorities do not believe the case is linked to terrorism, according
          AP  -  112 words
        • 79 26 Bloomberg [BEIJING] Beijing Capital International Airport, China's biggest airport operator, said it handled 12 percent more travellers last month than a year ago, because of increased travel demand during the Lunar New Year holiday. The company handled 2.48 million travellers in January, it said in
          Bloomberg  -  79 words
        • 77 26 Bloomberg [SYDNEY] Qantas Airways, Australia's largest airline, said it plans to start non-stop flights to Mumbai and Shanghai because of increased demand for business air travel. The Sydney-based airline is seeking rights to fly to Mumbai three times a week and plans to start services Sept
          Bloomberg  -  77 words
      • 2045 26 CITY atCMT ETA RIGHT ETO MttaMt BA7381 1840 LM9770 2255 tra,t WWII 0105 NWtt 0600 OF81 1840 ***** 2255 DM* ***** 0550 8C85 1910 LH9771 1855 IM4 1755 S0436 2030 S0230 1855 DoM QB638 1100 AmstefOim GA975 0830 KL838 2330 0«M S0403 0710 EK349 0010 KU37
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  • Page 17 Advertisements
    • 382 17 Paris airport strike fallout not as bad as feared PEOPLE HAPAG-LLOYD has appointed Kay Baton, 43, as head of its newly created Investor Relations division, reporting directly to executive chairman Michael Behrendt, 52, in preparation for the group's IPO in the second half of 2004. Dr Baden is currently head
      382 words
    • 271 17 A well known Indonesian seafreight forwarder has an average of 200m3/month of Icl cargo is looking for best Singaporean consoUdator who has best T/S rate worldwide, because currently we are still coloadin§, Imagine how much we can give you if you coptd give us better rates than what we've obtained
      271 words

  • Page 18 Advertisements
    • 883 18 I TO USA/CANADA I I EXPORT 1 OTHER DESTINATIONS I VESSEL VOY PKG ETA SIN LONG REACH DALLAS HOUSTON MEMPHIS CHICAGO| MtW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) LOS ANGELES EXPRESS 03E08 17/02 18/02 05/03 10/03 13/03 11/03 11/03 14/03 Tisjti VOY ETA SIN —PKG FIE —STI Sto"! MIL OL
      883 words
    • 484 18 Lines services represented by Mem^ers Re 9 is,r y Accredited Shipping Agents, X°tny Singapore Shipping Association Members of the Singapore Logistics Association g ULY UNE MALE /vESSEI VOY HA ETA HA P. KLAHG STORE MALI KotoTegap TGAOS7 23/02 04/03 Mold Carrier 745 29/02 02/03 10/03 Princess Uly 0203 06/03 08/03
      484 words

  • Page 19 Advertisements
    • 856 19 MOl Combines 7 T~ a range of shipping modes lo ensure timely, reliable services covering major ports in Norfti America, Europe, Japan, Asia, Africa Oceania. Abo acctpt intra-Asia Cvjom to: SUSAN KWANGYANG SHANGHAI YANTIAN XIAMM QMGDAO MIAWAN JAKARTA J SURABAYA KAOHSUNC lANGKOK LAW CHAIAIW BOCHUWIH PASW GUPANG PtMAMG PORT KHANG
      856 words
    • 2008 19 WEEKLY SAILINGS CANARY ISLANDS lAS PALMAS GENERAL AGENTS IN SINGAPORE: l 43 "*****1/24 I O ARRECIFE rnCTMD CUIDDIMft DTK ITD SINGAPORE *****8 OUTWARD (8/L) *****802 *****325/75 I #WR ,rK PTt IIM TEL: 6226 1900 (RUIN) INWARD (D/ 0) *****786 *****319/49 I A TFKIFDIFF CR NO; M *****0000 M T/SHIPDIP *****125
      2,008 words

  • Page 20 Advertisements
    • 2482 20 en PI MA Q ENQUIRIES/BOOKINGS: *****344 FAX: 533C7433 E-MAIL: VkiLIVlMw DOCUMENTATIONS/OPERATIONS: *****937 FAX: *****177 NuuswEnimttumn expmss cortaso soma to sobth/wkt mka VHSStI VOY SIN REUNION LUANDA POMTE NOIRE MATADI LIBREVILLE ABIDJAN TIMA LOME TINCAN COTONOU APAPA DOUAU !ONNT DtlmasCaliw 00IW 20/02 03/03 31/03 19/03 30/03 23/03 28/03 I T~~ MnwsQwcot
      2,482 words
    • 601 20 BSfl x MYANMA PQ FIVE STAR LINE (Myamnar National Line) Loading for Yangon VBSH VOY SIN PKL PEN PGU HPA-AN 317W SU) PAGAN 327W SU) IN MALAYSIA: BOUSTEAO SHIPPING AGENCIES KUL- 03-*****300 PKL 03-*****101 PEN: 04-*****02 MtKtKk ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC BRAVE HEART 90
      601 words

  • Page 21 Advertisements
    • 1224 21 VESSEL VOT KHH HKG SIN PKI DXB BAB PMM BIK CAPE FRIO PCLBO22 SKIP SKIP 19/02 20/2 28/02 29/03 05/03 07/03 SEA NAVIGATOR PCLBO24 SKIP SKIP 29/02 01/03 09/03 10/03 15/03 17/03 IRAN SATTARI PCLBO23 SKIP SKIP 03/03 04/03 13/03 14/03 19/03 21/03 CAPE FRIO PCLBO2S SKIP SKIP 09/03 10/03
      1,224 words
    • 187 21 VKStI VOY EU ETC DESTINATION FORTUNE 8 04/04 20/02 21/02 BfLITUNG/PKUALAM BERJAYAI 04/04 19/02 20/02 JAMBI/PEKANBARU C JAYA NIAGA 111 22 03/04 20/02 22/02 PAUMIANG/PANJANG HATIMJK 05/04 IN POST 20/02 BEIAWAN/IHOKMAWE PUIAU WEH 05/04 25/02 27/02 SAMNG/MALAHAYATI SINOPA 04/04 20/02 22/02 BENCKUtU/PADANO ¥ISSB VOY 0A ETO DESTINATION PERTAMA 05/04 20/02
      187 words
    • 720 21 UK CONTINENT SERVICE Loading for GREVENO RTM/ATW/BMN/UK/NAN PANORMOS PRIDE RTM/ATW/BMN/UK/NAN Loads Singapore, E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J SAFE HDD/JDH/AQA TINA II DBI/ABU/EX>H/BRN/DMM/KWT PLAMER DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for MALLIKA NAREE VCW/LAX/MZL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading for FIAINBOW
      720 words
    • 863 21 VKStI vor SIN POU YESSEI M SIM PAC BAND* IWttt 19/02 20/02 PAC SUIU PI 040 19/02 21/02 PAC MNP* IU9N TIM 22/02 HAMIAVA? MM 72/02 74 /07 PAC lANDA USON 23/02 23/02 PAC SULII PlO4l 24/02 ?g/07 PAC lANDA 1151 M 24/02 24/02 AUMJATA 2 gMS 29/02 02/03 PAC
      863 words

  • Page 22 Advertisements
    • 607 22 161S 20 20/02 DRY DOCKING 1 ■fffIWJWIAPLMUMBAI 993 22 23/02 28 29/02 06-06/03 ■MMlml TIGER PEARL 162N 24 25/02 03 04/03 09 10/03 1 HBI TIGER BRIDGE 163N 28-29/02 06 07/03 13-14/03 I ■■HH TIGER SHARK 164N 02 03/03 10-11/03 16-17/03 BMMMTIGERSKY 165N 06-07/03 13-14/03 20-21/03 I ■ntßlfflfVTlGEß SPIRIT 082
      607 words
    • 1209 22 FREIGHT LINKS EXPRESS PTE,LTD"* 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 t Tel: *****511 Fax: *****577 LCL SERVICE TO JAPAN/INDONESIA/PHILIP^PINES/CANADA OSAKA KOBE JAKARTA VANCOUVER k YOKOHAMA NAGOYA CEBU TORONTO TOKYO SURABAYA MANILA Booking 6267# 5565/4694/5535/5580/5541 /5508/5 569/5 560/5 563/5 514 PROJECT Cr HEAVY LI FT CARGO
      1,209 words
    • 1759 22 fU PD7 LINES Mi/ lUL LlllbV CUSTOMER SERVKL TEL: 6221-5596 FAX: 6227-8190 JiU#Ch SINGAPORE: TOHO JOO SHIPPING PTE LTD Emoß: booki«S'^tj>.coiiL^ lI6ULAR CONTAINERISED SERVICES TO MALAYSIA, IRONEI, MYAmUt AND VIETNAM mm vor it* sin ita kcn nssti vor it* sin itasin nssti nr mm mtn mm m lUNGA WAS 5
      1,759 words



  • Page 25 Miscellaneous
    • 131 25 J 'j£' jt S REGIONAL WEATHER SEESEEEK 7 isss Issued by Meteorological Service Division,NEA LEGEND: < Thunderstorm Wind speed symbols v 7 Showers O Full circle w/o line indicates calm or light and variable winds Rain One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots
      131 words