The Business Times, 6 May 2004

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Total Pages: 26
1 26 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 023/03/2004 85c SINGAPORE Intei not: h;cu://business-times.asial .com.sg THURSDAY, MAY 6, 2004
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  • 949 1  -  Talk rife in market as to how Wee will hold empire together against Temasek By Angela Tan [SINGAPORE] United Overseas Bank (UOB) yesterday withdrew its offer to sell its United Overseas Land (UOL) stake, fuelling market excitement over how veteran banker Wee Cho
    Source: Bloomberg  -  949 words
  • 427 1  -  He will be replaced by chief operating officer O'Sullivan By Tang Weng Fai SINGAPORE Telecom's Optus unit in Australia surprised the market on the eve of its full-year earnings announcement with the resignation of chief executive Chris Anderson after seven years with the company.
    FILE PHOTO  -  427 words
  • 1042 1  -  HOCK LOCK SIEW By Wong Wei Kong TO risk everything in a fight with Temasek Holdings for United Overseas Land (UOL), or to walk away and conserve his strength to defend what he has left? That's the billion-dollar question facing United Overseas Bank
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  • 73 1 Dsn 1,879.44 (+14.09) ST INDEX FUTURES 1,873.00 (+11.00) SIMSCI 228.89 (+2.17) SIMSCI FUTURES 228.30 (+2.00) Wednesday Change KLSE COMP 846.68 +8.47 NIKKEI 225 dosed HANG SENG 11.950.46 -147.84 SET INDEX dosed JAKARTA COMP 758.(18 -21.52 MANILA COMP 1.562.13 -11.70 TAIPEI WPI 5.854.23 -333.92 SEOUL COMP dosed SHENZHEN B -dosed
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  • 73 1 FOREX RATES US$ SS l'S$ (S$ per USS) 1.690 £(US$/SS per 1.795 3.034 ElRO(US$/S$/E). 1.213 2.050 YEN 109.4 64.70 RM 3.800 2.248 HKS 7.800 4.615 BAHT 39.89 23.60 Rl'PlAH 8,702 5.149 RENMINBI 8.277 4.897 INDIAN RUPEE 4469 26.44 AS 1.368 0.810 NZS 1.579 0.934 PRIME RATES SINGAPORE 5.25 MALAYSIA
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  • Page 1 Advertisements
    • 78 1 (*****1111 l 8 *****1"*****4 MANUFACTURE DE HAUTE HORLOGERIE V Francis Ford Coppola. Llman Cortlfl3 W3tch 0 f (j, e power reserve Raffles City #01-36 Tel: 6339 9185 of the alarm mechanism, self-winding Millenia Walk #01 -62/65 A Tel: 6339 1728 Paragon #01-13 Tel: 6235 0084 Lucky Plaza #01-32 Tel: 6734
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    • 39 1 Whose move is it? Temasek's bid for UOL has set off talk of other takeovers in the UOB stable. We look at the likely moves and the players involved. US interest rate seen hitting 2% in 9 months Pg2
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  • NEXT page
    • 894 2 Expectations follow central bank's decision to freeze rate at 1% in latest review AP, Bloomberg [NEW YORK] The US Federal Reserve will probably double its benchmark interest rate to 2 per cent in the next six to nine months, said Bill Gross,
      AP,; Bloomberg  -  894 words
    • 222 2 Following is the Federal Open Market Committee's statement on Interest rate policy at the conclusion of its meeting on Tuesday: Reuters "The Federal Open Market Committee decided today to keep its target for the federal funds rateat one per cent. The Committee continues to believe that
      Reuters  -  222 words
    • 659 2  -  Jakarta Composite sheds 20 points, rupiah hits 12-month low From Shoeb Kagda in Jakarta INDONESIA'S financial markets were jolted yesterday when it was confirmed that the country's former ruling Golkar party of president Suharto had won the most votes in last month's
      AFP  -  659 words
    • 77 2 IN the article "SGAM's capital guaranteed fund to mature in tranches at a loss" (April 21), Standard Chartered Bank was said to be in talks with SG Asset Management on how investors could be compensated. Stanchart has clarified that it was in talks with SG on what alternative options
      77 words
    • 298 2 Reuters AFP [LONDON] Oil prices held firm near a 13-year peak yesterday as dealers worried about supply security following attacks in Saudi Arabia and Iraq and on strong demand for motor fuel in the United States. US light crude gained 27 cents
      Reuters; AFP  -  298 words
  • Page 2 Advertisements
    • 379 2 Canny Guide to Fixed Income Capital Market Products Bonds and Notes Dates Why J Ul^ e The evolution of pedestrian bond structures into more fanciful 9.00 am to 5.00pm r structures and hybrid securities, designed to entice investors and Venue i ssuers alike, continues in response to market perceptions and
      379 words
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  • TUSSLE for uol
    • 602 3  -  UIC: THE NEXT BATTLEFIELD Control of investment property group may be in the balance By Serena Ng, Al Labita of a possible takeover battle at United Industrial Corporation, in which United Overseas Land has a 12 per cent stake, yesterday ignited the
      602 words
    • 255 3 Reuters [SINGAPORE] Singapore's central bank said yesterday it will immediately take steps to limit crossholdings between banks and affiliates, and bar the latter from holding more than 2 per cent of voting power in the parent. The rules take effect at a time when United
      Reuters  -  255 words
    • 383 3  -  By Siow Li Sen INVESTORS hopeful of a play on the stock of Overseas Union Enterprise (OUE) piled into the counter yesterday, sending it 7 per cent up to $7.05. But the expected excitement may not come so soon. Until United Overseas
      Source: Annual reports, research reports  -  383 words
    • 363 4  -  Stanchart worked with Temasek on earlier NatSteel bid By Loh Hui Yin WHILE Singaporeans enjoyed their Labour Day break last weekend, top Temasek officials worked overtime with financial advisers from Standard Chartered Bank to map out a strategy to bid for United Overseas
      363 words
    • 968 4  -  FORMIDABLE CORPORATE PLATER Temasek could form a pan-Asian bank with bank stakes it has accumulated By Loh Hui Yin TEMASEK Holdings has emerged as new formidable corporate player in Singapore and the region, making waves with its bold and sometimes unexpected moves. Its dramatic
      968 words
    • 433 5  -  FUTURE MANOEUVRES UOL has $1.6b of office and shop space, and a $700m hotel portfolio By Kalpana Raahiwala SOME market watchers see Temasek Holdings restructuring United Overseas Land (UOL), possibly divesting its substantial property portfolio through Real Estate Investment Trusts (Reits), if
      433 words
    • 410 5  -  By R Sivanithy The Singapore Exchange (SGX) is looking into reasons why trading in the shares of United Overseas Land (UOL) was not suspended on Tuesday for more than two hours after Temasek Holdings had notified UOL's parent UOB of its takeover
      Source: Bloomberg  -  410 words
    • 358 5  -  By Kenneth Lim CHEAP assets and wellplaced stakes that's what United Overseas Land offers the two corporate movers now seen to be squaring up for a takeover battle, analysts say. A day after Temasek Holdings offered to buy a stake of up
      358 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 528 4 SiNUS National University of Singapore Department of Economics The Economics Executive Programme (EEP) presents a Seminar on: "Marriage, Fertility, and the Household" Date Time Friday, 14 May 2004, 8.30 am 5.00pm Fee *****.00 per person (inclusive of GST and tea breaks/lunch) Venue Orchard Parade Hotel, Singapore Singapore's diving fertility rate
      528 words
    • 207 4 I jKr \rCf x 1 i$ x*. xkLmt, This Mother's Day, give mum a scrumptious treat at Phoenix Garden Cafe PAMPER your mom and let her feel like the queen she Is, we'll help of course, with our tender, love-filled menu. Whet your appetite with our green mussel on ke,
      207 words

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  • SINGAPORE markets
    • 648 6  -  Compiled by VEN SREENIVASAN UOB and UOL UOB May 5 dosing: $14.00 UOL May 5 dosing $2.13 TEMASEK Holdings subsidiary Tazwell Pte Ltd has offered $2.06 for each of the vendor shares (UOB's stake in UOL) and 81 cents for each vendor warrant. Tazwell's offer lapses at spm
      648 words
    • 272 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE recent market retracement has sent many fundamentally solid stocks to bargain basement valuation levels. One of these is precision plastic injection components maker Fu Yu Corporation. The stock, which has pulled back from its February highs
      Source: Bloomberg  -  272 words
    • 541 6  -  BT comment STOCKS r. sivanithy BANK divestments and possible takeovers underpinned trading play yesterday even as traders once again experienced that odd divergence that so often occurs in the local stock market, where the Straits Times Index displays apparently overwhelming strength, but the
      Source: Bloomberg  -  541 words
    • 384 6 AFP [SINGAPORE] The US dollar recovered slightly against the yen in Singapore trade yesterday as investors digested the US Federal Reserve's signal it will take its time to raise interest rates, dealers said. At 1:10 pm (0510 GMT), the US dollar was at 109.44 yen,
      AFP; FILE PHOTO  -  384 words
    • TRADES TO WATCH
      • 96 6 A PAIR of Strike Engineering directors are buying back 120 million Strike shares sold to infrastructure and investment company Ipco International last month. Strike deputy managing director Richard Chan Sing Eng and independent director Ravindran Govindan, through vehicle Powerlite Ventures, will buy the
        96 words
      • 88 6 INFORMATICS Holdings substantial shareholder Capital Group Companies joined hordes of other investors on Monday, selling 3.1 million shares to pare its stake in the education services provider to 5.06 per cent from 6.08 per cent. The sale consideration was not disclosed. Fund manager Arisaig Partners on
        88 words
      • 65 6 RAFFLES Holdings chief executive Jennie Chua (right) exercised 500,000 options at 50 cents apiece on Monday, a 23 per cent discount to that day's close of 65 cents. Ms Chua's stake in the hotelier was raised to 0.04 per cent from 0.016 per cent. Raffles
        65 words
      • 78 6 THREE days before United Overseas Bank offered to sell its United Overseas Land stake, UOL independent director Lim Kee Ming exercised 12,000 warrants at a strike price of $1.25 a share on April 23, a 35 per cent discount to the counter's closing price of
        78 words
      • 59 6  -  Compiled by KENNETH LIM CAPITALAND has updated the deemed shareholdings of substantial shareholder Singapore Technologies due to late notifications by IP Property Fund Asia. Singapore Technologies' direct and deemed stakes in Capita Land now stand at 60.56 per cent. Capita Land shares gained two cents,
        59 words
    • Article, Illustration
      406 6 OTHER SINGAPORE INDICES May 5 VALUE CLOSE BTOB/PS -620.00 +16.00 BTCADI -*****.00 -71.00 BT 10-day MA *****.00 -62.00 Att-SGEquHfrs 503.14 +4.21 SGEmdB- Etoct 166.74 -6.27 SCEqultkuFhi 1546.47 +26.06 SG Equities Prop 437.83 +7.66 SIMSCI 228.89 +2.17 SHKSC1 Futures 228.30 +2.00 S*x*» Voham AsiaPhann US2c 120,791,000 FibreChem HKlc 23,895,000 UOL-" 23>20:000
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  • SINGAPORE companies
    • 685 8  -  But survey sees limited impact on big listed S'pore companies By Wong Wei Kong A SLOWDOWN in China could dampen Singapore's exports and trade performance, but the impact on major listed Singapore companies may be limited, according to a survey by Citigroup Smith Barney.
      685 words
    • 460 8  -  Building is part of plan to build up services business By Chen Huifen ELECTRONICS equipment distributor Autron Corp yesterday said it will spend $50 million in Singapore on a global solutions centre aimed at developing its services business. The centre, housed in
      460 words
    • 427 8  -  By Kenneth Lim COMPANIES from Singapore and China are still eager to list on the local bourse, allowing initial public offering professionals to charge higher fees, said Hong Leong Finance's new corporate finance chief. "I think the demand (for IPO
      427 words
    • 216 8 Charges concern interest disclosure of share sales Reuters SINGAPORE has summoned a former director of networking specialist Datacraft Asia Ltd to appear in court next week to face charges over disclosure of interest in the company's shares. A police spokeswowan told Reuters the Commercial
      Reuters  -  216 words
    • COMPANY Briefs
      • 126 8 HO Wah Genting International—whose share trading on Sesdaq is still suspended—has entered into an investment agreement with Ariel Singapore Pte Ltd for the latter to pump SI million into the precision engineering services company This will be by way of subscribing for new
        126 words
      • 66 8 THE 2003 annual report of The Straits Trading Company Ltd shows OCBC Bank has a 32.7 per cent stake in the investment holding company. Straits Trading is involved in tin-smelting, property development and investment, as well as fund management. OCBC has until July 2006
        66 words
      • 61 8 SINGAPORE Computer Systems Ltd is divesting its 84 per cent stake in Malaysian subsidiary SCS Computer Systems Sdn Bhd (SCSM) as part of its restructuring strategy to streamline its operations. SCS will sell 3.78 million SCSM shares for RM27.8 million (5512.5 million), which will be used
        61 words
      • 59 8 JISHAN Holdings Ltd, which launched its IPO of 90.6 million shares last Wednesday, said its placement tranche of 76.8 million shares, representing 84.8 per cent of the IPO, has been fully taken up. To meet overwhelming demand, issue manager DBS Bank has overallotted 13.59 million
        59 words
      • 46 8 RICHLAND Group Ltd, an inland logistics service provider, said its IPO of 33 million shares was 17.6 times subscribed. The public tranche of 4.95 million shares was about 110.6 times subscribed. Richland had launched its IPO shares at 26 cents each.
        46 words
      • 40 8 SESDAQ-LISTED HG Metal Manufacturing Ltd yesterday said it has received in-principle approval to upgrade to the Singapore Exchange mainboard. The company, which listed on Sesdaq in March 2002, will start trading on the mainboard tomorrow.
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  • Page 8 Advertisements
    • 2468 8 To call toll free 1800 289 8812 Email: noticesesph.com.sg IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF ECON VENTURES PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and
      2,468 words

  • BLUE chips
    • 1064 9  -  CEO Wong Ngit Liong brashes aside talk that the group will see slowing growth rates from hereon. SERENA NG reports SERENA NG HAVE the heady growth rates that Venture Corp enjoyed over the past few years peaked? Yesterday, shares of Singapore's largest listed electronics manufacturing services
      1,064 words
  • Page 9 Advertisements
    • 366 9 Call 1011-free 1800 289 8822 F.N.F INVESTMENT PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 OF THE COMPANIES ACT CAP 50 THAT A FINAL GENERAL MEETING OF THE COMPANY AND CREDITORS WILL BE HELD ON THE STH DAY OF JUNE 2004 AT 10.00 A.M. AT
      366 words
    • 50 9 A Huge Cluster Opportunity for 'f5-6 Big Box °"*e Retailers! r^mm Lot no. 2584 P MK 7 Joint Sole Marketing Agent: Developer: BBBBITH BH Tuas Technology Park Pte Ltd IjPyJMJ ttSI Te,: *****422 Dominic Peters 9825 2101 Wong Soon Yean 9850 0266 Danny Yeo 9756 6233 Simon Tham 9369 6954
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  • EXECUTIVE suite
    • 408 10  -  Collaboration with Equity is seen as the first step in a test of the US service residence market Vince Chong reports Vince Chong A SCOTT Group, the mainboard-listed service residence arm of property giants Capita Land, has made its first foray into the tightly-held US
      408 words
  • 1561 10 SICOH FUTURES Mayt RUBBER Futures (Ciosinq prices) RSS1 (S ctrtsAij) Close Volume Open Month High Low Sttt (teats) Interest Jun 04 ***** Jul 04 233.00 Aog04 233.50 Sop 04 232.75 Oct/Doc 04 ***** Ja«/Mar 05 235.25 RSS3(UScwbAt) VolWO Open Month Mfh Low Sott (tonnes) Interest Jun 04 133.75 975
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  • Page 10 Advertisements
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    • 48 10 I ,41 cmnfti firi-B i J|||H Pnßlifll Tender Closing: 4pm, 19 May 2004 Prime Freehold 25,693 sqft. Designated 'Good Class Bungalow' area Designed by William Lim Associates For further information and tender documents.please contact: .Jli CUSHMAN 1010 SF WAKEFIELD. Dvwv -J fc -J fc Global Rml tcute SolwOom
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  • SINGAPORE news
    • 553 11  -  Discount carrier takes to the skies, eyes routes with 5 hours' flying time By Ven Sreenivasan MAJOR airlines should be more concerned about competition from one another than from low-cost carriers, says Valuair chairman Lim Chin Beng. Reacting to price cuts by
      STEPHANIE YEOW/ST  -  553 words
    • 384 11  -  JLL finds stronger demand for offices in Q1 in most cities By Chen Huifen AFTER nearly eight years of fluctuation mostly in the down cycles the office property market in Asia looks like it's on the recovery path. According to Jones Lang LaSalle,
      384 words
    • 262 11  -  EYE on the economy By Samuel Ee COE premiums fell across the board yesterday, with the categories for big cars and commercial vehicles registering the biggest falls. The premium for a certificate of entitlement in Category B for cars above 1,600 cc slumped $1,322 to $26,700. In
      262 words
    • 266 11 SWAT teams have moved in to more than 500 companies in recent months, carrying with them nothing more potent than the wage reform message. The acronym SWAT stands for Tripartite restructuring Wages AcTion, and members comprise experienced industrial relations officers from the
      266 words
  • 4389 11 UNIT TRUSTS FUNDS Com S pore Bond Fund/* 2/ Credit Agrkole Asset Mgt S pore Ltd ABN Amro Asset Mgt (S'pore) Indocam Asia Vision!" 1.098/1 154 Star Europe Eqty! 0.739/ DBS Asset Mgt Star Europe Bond 1.223/ Shenton Twin City 1.305/1.36 Star Europe Bal 1.038/ Japai Growth!** 0.935/0.98 Star Asian
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  • Page 11 Advertisements
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  • EDITORIAL & opinion
    • 803 12  - Tony Blair's EU-turn or is it? THE bottom line OPINION david mason BRITISH Prime Minister Tony Blair has supposedly just done an EU-turn on holding a referendum on the subject of Britain signing up to the new European Constitution Ever since last year, when the draft document was released, the
      803 words
    • 102 12 It's just a game. In order to survive in this business, you can't get overwhelmed by the magnitude of the dollars, because you're out of the game. The fear or awesomeness of the dollars clouds your judgment.' -Bill Gross chief investment officer of Pacific Investment Management Co,
      102 words
    • 631 12 EDITORIAL THE Fed has spoken, and whereas deflation was the central concern this time last year, the big question now is when —and by how much the US central bank will raise shortterm US interest rates from their 46-year low of one per cent In terms of monetary
      631 words
    • 889 12  -  Indonesia and the Philippines, in particular, are in for tough times with their economic woes and impending elections By Andy Mukherjee Bloomberg ANWAR Nasution, the No 2 official at Indonesia's central bank, cherishes a fond hope: Someday, a 10th of his
      Bloomberg; AFP  -  889 words
    • 644 12  -  COMMENTARY It'll be a larger pie for all, albeit with some challenges From Neil Behrmann in London EUROPEAN enlargement will create changes in the way Asian companies view locations for factories, warehouses and other operations. But Asia's outsourcing business may be in for some competition. The
      644 words
  • Page 12 Miscellaneous
    • 192 12 CRYPTIC CROSSWORD 28 f 9 De,ectives colle 9e record YESTERDAY'S SOLUTION qq WN Across: 1 Abrasive, 5 Chorus, 14 Leaving education? No, just 10 Golden-retriever, 11 Steeple, 1 Wood a second laboratory the girl's college (9) 12 Excited, 13 Improved, 15 Tirejected (5) 16 Mistrusts religious groups gon, 18 Aspic,
      192 words

  • REGIONAL news
    • NOTE Book
      • 113 13 Reuters [KUALA LUMPUR] Rising shipments to China lifted Malaysian exports to a record high in March, and analysts said a bigger-than-expected jump in imports signalled that exports would remain strong. The country exported goods worth RM38.8 billion (5517.3 billion) in March, 16.9 per cent
        Reuters  -  113 words
      • 71 13 Reuters [HONG KONG] Hong Kong's largest property firm Sun Hung Kai Properties yesterday said it recorded property sales of more than HK$4 billion (*****.4 million) for the first three-and-a-half months of the year, thanks to a steady property market recovery. The company, which accounts
        Reuters  -  71 words
      • 78 13 Reuters [JAKARTA] Foreign arrivals in Indonesia rose 20.6 per cent in the first quarter, compared with a year earlier, as fears about possible violence during a local election campaign failed to deter visitors, the central statistics bureau said. Arrivals in January to March
        Reuters  -  78 words
      • 106 13 Reuters [HONG KONG] Swire Pacific Ltd, one of Hong Kong's oldest trading firms, said yesterday that its chairman will leave at the end of the year to take up the same role at its parent company in London. The conglomerate, whose holdings range
        Reuters  -  106 words
    • 272 13 KUALA LUMPUR MALAYSIA'S Third Industrial Master Plan (IMP 3), to be finalised and launched in December next year, aims to fill the gaps in innovation and research activities, develop linkages between manufacturing-related services and enhance the development of clusters, the Malaysian
      272 words
    • 609 13  -  2 developments with market value of RM3b launched From Eddie Toh in Kuala Lumpur MEGA property projects are making a comeback in Malaysia, even though the country has yet to fully absorb the glut of offices and malls that were built during the boom
      Source: Berjaya  -  609 words
    • 372 13 JOHOR It will start phasing out the purchases from June, says CM JOHOR will stop buying treated water from Singapore in August after concessionaire SAJ Holdings completes distribution pipe laying works in the state, The Star reported yesterday quoting Johor Chief Minister Abdul
      372 words
  • Page 13 Advertisements

  • 4930 14 Transaction elate: May 5 HONGKONG ,Vol HK Exchanges &Clearing..16.40 0.10 7424 HKS 000 HKRInt'l .2.45 -0.08 1640 ~7„ Hong Kong Electric 0 20 B029 AeonCredit 5.|0 unch 46 Hongkong Chinese 1.02 0.01 578 Aeon Stores 5 °5 -uiu 44 Hongkong Chinese Ltd 1.02 0.01 578 Alpha General 0.34
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  • 2526 14 transaction date: May 5 KUALA LUMPUR GeneralSoil 126 undj 0 Vo Genting 16.80 0.30 818 RM (000) Geofge Kent 0.81 0.01 10 Globetronics Tech .0.66 unch 0 A M Realty 1.60 0.10 32 Glomac Bhd 2.92 -0.08 25 Abric 0.68 unch" 17 Gold Bridge Engrg 0.50 0.02 836 ACP
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  • 825 14 Transaction date: May 5 *<—« m om» o—ti Mw>—» m ow Om^» **greanfft 030 1 009 MOL 154 JtA0 *0<B0 ■It ir«l l/QOt 0* OW «COK) COC S1J ***** .0 aa: CtpUUnd 117 VMS -0020 Parkway H25c OS* 1 HO *MI0 Owl ImOnlMr *20 14*} 00® Paoplri food H*5».
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  • 732 14 BONDS WARRANTS Prcm Expiry Tel Last Vol Com bar Disc Gear Mths Code Company Sale ♦or- OOP) Ratio Pike lag Left 3779 ASL Marine HldgsW*****1 15.5 1 53 33 3.32 47 3698 ASTIW*****1 .38 6 19 1 16 -6 1.51 1 3697 Acma Ltd W*****6 JOS 1 50 677 13.00
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  • Page 14 Advertisements

  • REGION world
    • 270 15 SYDNEY AFP EMIRATES Airlines is seeking to set up an international hub in Auckland as part of a plan to create an unprecedented "seamless" global service taking in both coasts of the United States, the chief executive of rival Air New Zealand said
      AFP  -  270 words
    • 350 15 HONG KONG SABMiller's US$475m offer set to spark bidding war with rival AFP US-BASED SABMiller launched an offer yesterday worth US$475 million for China's Harbin Brewery, likely setting off a bidding war with its giant US rival Anheuser-Busch for a key
      AFP  -  350 words
    • 447 15  -  He stresses need to focus on economic devt and education to foster progress From Leon Hadar in Washington AGAINST the backdrop of American efforts to stabilise Iraq, Singapore's Prime Minister Goh Chok Tong met leading foreign policy figures in the Bush Administration
      JOYCE FANG/ST  -  447 words
    • 445 15 LATEST US DATA Strong growth in ISM index beats Wall St estimates AFP,, Reuters [WASHINGTON] Activity in the massive US services sector bolted unexpectedly to a record pace in April, growing on a wide front for the 13th straight month, a survey showed
      AFP,,; Reuters  -  445 words
    • WORLD Watch
      • 72 15 Reuters [MUNICH] Allianz, Europe s top insurer Dy sales, ended the first quarter 0f2004 with net profit of 650 million euros (Ssl.3 billion) after problem child Dresdner Bank posted its first profit in 18 months, the company said yesterday. In a surprise announcement
        Reuters  -  72 words
      • 56 15 AFP [ZURICH] The Swiss banking group crean ouis>s>e reported yesterday a near seven-fold increase in its first quarter net profit to 1.86 billion Swiss francs (552.46 billion). A spokesman said it was one of the group's best quarterly results, with across the board rises in
        AFP  -  56 words
      • 93 15 Reuters lr KANKr UKTJ German carmaker bmw reporieu a 2.5 per cent rise in first-quarter pre-tax profit yesterday, missing market expectations, but stood by its forecast to post record profits in 2004. Earnings before taxes climbed to 851 million euros (Ssl.7 billion) from 830 million
        Reuters  -  93 words
      • 96 15 Reuters [FRANKFURT] Adidas-Salomon said yesterday its first-quarter pre-tax earnings jumped by more than a third, beating expectations as lower debt costs eclipsed a slight drop in sales. The world's second-biggest sports goods maker also hoisted its 2004 net profit target to a 15 per cent rise from
        Reuters  -  96 words
      • 92 15 Bloomberg [NEW YORK] Coca-Cola Co, the world's No 1 softdrink maker, brought back retired executive E Neville Isdell to be chairman and chief executive officer, disappointing some investors who had been pushing for a bolder choice to succeed Doug Daft. Mr Isdell, 60, who led the
        Bloomberg  -  92 words
      • 76 15 Reuters [PARIS] French media and telecoms firm Vivendi Universal posted a 4 per cent drop in first-quarter sales yesterday as growth at its mobile phone arm failed to offset weakness at most other divisions. Vivendi, whose activities include the world's largest music company, France's number
        Reuters  -  76 words
      • 71 15 AP [PARIS] Police were to question the head of France's stock market authority as part of a probe of an allegedly illegal share buyback at communications giant Vivendi Universal, the watchdog agency said on Monday. Michel Prada, who heads the Financial Markets Authority, will appear
        AP  -  71 words
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    • 26 15 Savour the best of Captain's Table's Guangzhou specialities in our Unlimited A La Carte Buffet. Dine from a choice of 40 dishes prepared specially for you.
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    • 112 15 ,i p ,i t n d r, n r re p p n U r R I.'., M G L Y INDIAN r i f- .J 4 u* '..itrr*f«" 1 Oi ,>~» >*;► r 'Mr! jj—. :Vh ♦hr vpA'k f I MERI T U S MANDARIN SINGAPORE to y)ea/H>,s f,
      112 words
    • 64 15 "Fantastic value! lean enjoy Salad, ice cream, 1 local desserts like ice kacangemdtau suan plus fresh fruit for only S3 On order of any local or western delight from $6.90. All prices*** Mon-Fri: Lunch from 1130 am to 3pm (Except Public Holiday) For reservations, Please call *****138 n (65) 6343
      64 words

  • WORLD news
    • 468 16 CLEVELAND US$10.5b acquisition expands its network in North America AP, FT THE Royal Bank of Scotland Group is expanding its reach in North America with a US$lO.5 billion cash purchase of Charter One Financial Inc through its Citizens Financial Group Inc subsidiary. Under
      AP,; FT  -  468 words
    • 434 16 MADRID Rodrigo Rato often described as formidable negotiator AP RODRIGO Rato, the former Spanish finance minister named managing director of the International Monetary Fund, is considered a straight talker who drove Spain's vibrant economic growth by demanding that his country break with
      AP; AP FILE PHOTO  -  434 words
  • 6627 16 1 Transaction date: May 5 I*L Vol Day Lift Quote GrWv Mv Gr*W Not MCap High Low Code Company Solo COOP) Higfc Low Buyor SoBor Cyr WE jmt 579 5300 A«5S5^»;zizzr 5xd 170 39 5 39 5 39 5 5 N9 7 06 3 1 i !S2 Jos
    6,627 words
  • 72 16 S2-Wk Td last Vol Day Last Quote GrOrv Mv GrYld Net MCap Low Code Company Sato W- C000) High Low »oyer Htm Cw WI hii 2060 2000 6065 Diamonds US2060 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS4PS00 US8270 ***** 9650
    72 words
  • 2018 16 52-Wk Td Lad Vat Day Last Quote GrOrv Dtv GrYM Nat MCap High Low Coda Company Sale 000) Low fciyar 5«»er Cvr P/t VmS 26 8,5 5000 ABR HldgsSc 13 -1 6 13 13 13 16 25 15 2101 AP Oil 5c..... 29*d -1 86 30 29 29
    2,018 words
  • 317 16 52 WV T«i i_, Wo( d» Last Quote GrOtv Otv GrVM Nat MCap High low Coda Company sale *l- room Hrti Low —yr 8 7 go? HK720 3 11 209 208 208 209 *i 7 1 24«2 6002 K Kr™w»T'~ 2?;;2n v 240 6.3 6.7 3 *****.5 95
    317 words

  • Page 17 Advertisements
    • 527 17 can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate
      527 words
  • BizIT
    • 273 17 AFP [SINGAPORE] Information technology (IT) spending in the Asia-Pacific area excluding Japan should grow 10 per cent to US$BB billion this year, thanks to a recovery in regional economies, a report said yesterday. This represents a sharp acceleration from the
      AFP  -  273 words
    • 694 17 Reuters [SEATTLE] Microsoft Corp will make its software more reliable and easier to use, promised the vice-president responsible for its flagship Windows operating system, even as a new worm continued to wreak havoc on personal computers on Tuesday. Microsoft also demonstrated its latest
      Reuters; REUTERS  -  694 words
    • 840 18  -  Agency will invest $10m to promote research and implementation of RFID technology, but supermarkets, a key group of potential users, aren't too keen on the idea, reports Tang Weng Fai Tang Weng Fai THE Infocomm Development Authority of Singapore (IDA) will invest $10
      FILE PHOTO  -  840 words
    • 274 18  -  By Raju Chellam US-BASED Symbol Technologies Inc has launched two new "ruggedised" in-dustrial-grade mobile computing products targeted at enterprise users. The two models MC9OOO-S and MC9OOO-K run on Windows Mobile 2003 or CE.Net, and come with Bluetooth, Wi-Fi, CDMA and GSM/GPRS wireless networking. "These new
      274 words
    • 274 18 Bloomberg [LOS ANGELES] Red Hat Inc, the world's biggest distributor of the free Linux computer-operating system, will introduce a version for desktop personal computers to compete with Microsoft Corp's dominant Windows. Red Hat wants to capitalise on rising corporate spending on
      Bloomberg  -  274 words
  • Article, Illustration
    1124 17 Transaction date: May 5 MTERBAMK CROSS RATES A$ C$ gmt Euro HK$ Ind »s Rupiah Yew Won BM HZ$ Pafc Rs Peso SS Sfr NTS Baht Pound US$ Australia 1003 6.049 0.602 5.700 32.659 63.598 0.799 8.529 2.777 1.154 42.014 40.523 1235 5.011 0.932 24.299 29.152 0.407 0.731 Canada
    1,124 words

  • Page 18 Advertisements
    • 429 18 ||1| y I r il l SpSirit -vji H iiflJjHN i r 04 4* liTmiMiiriirn iirimrir'Hi'Tr nr ■m iji'i'Tr»;ifißr SIR B M l'in n" n kfgl I Mil *l ß in k\*J mKm BACKUP EXEC 9.1™ FOR WINDOWS Backup Exec 9.1 for Windows Servers Backup Exec™ 9.1 for Windows Servers
      429 words
    • 9 18 Microsoft promises improved Windows amid worm chaos, Pg 17
      9 words

  • SHIPPING TIMES
    • 669 19 78 oil carriers leave service in 4 months despite higher tanker rates Bloomberg [SINGAPORE] Shipowners are scrapping oil tankers at a faster pace than last year to comply with a United Nations ban on older vessels with single hulls, supplying steel
      Bloomberg; REUTERS  -  669 words
    • 225 19  -  Beth Jinks [SINGAPORE] The Port of Singapore enjoyed strong first quarter growth in cargo throughput and bunker sales, the latest statistics released by the Maritime and Port Authority of Singapore (MPA) reveal. Total cargo for the three months ended March was up 9.1
      225 words
    • 216 19 Reuters [CAPE TOWN] Salvors are scrambling to remove 1,900 tons of fuel from a stricken bulk carrier off South Africa's west coast as approaching foul weather dims hopes of saving the 270 metre ship. The 150,000 ton Cape Africa,
      Reuters  -  216 words
    • 154 19  -  Beth Jinks [SINGAPORE] Four armed pirates attacked a tanker at an Indonesian anchorage last month, the International Maritime Bureau's (1MB) Piracy Reporting Centre said. The knife-wielding pirates took two oilers hostage and tied them up before breaking into the store room, but escaped empty-handed
      154 words
    • 327 19 Bloomberg [SINGAPORE] Mitsui OSK Lines and Neptune Orient Lines, two of Asia's largest shipping companies, said they have negotiated increased freight rates for carrying cargo on transpacific routes, which will help them to fulfil profit targets this year. "We have successfully negotiated new contracts at
      Bloomberg  -  327 words
    • 324 19 [LONDON] The US Navy said it may start firing on vessels that enter a buffer zone around Iraq's oil terminals without identifying themselves, after suicide attacks last month slightly damaged one site and killed three sailors. Vessels must
      REUTERS; Bloomberg  -  324 words
    • 248 19 SGX '000 MayS S$ +1- Vol CH Offshore 0.39 0.02 4228 Chuan Hup 0.50 -0.01 1769 Cosco Investment 0.78 -0.02 ***** CWT Distribution 0.50 -0.03 18 EzraHldgs 0.99 -0.02 168 Freight Links .0.11 unch 298 GB Holdings .0.75 0.01 57 Jaya Holdings 0.78 -0.01 4025 K1 Venture .0.27
      248 words
    • 709 20  -  NEWBUILDS By David Hughes YET again, owners have been opening their wallets in a big way over the past couple of weeks. Two of the biggest names Denmark's AP Moller and Japn's Mitsui OSK Lines (MOL) have been ordering, with the former adding to
      REUTERS  -  709 words
    • 114 20 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 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 3 Hangli 4 Heung-A 3 Indotrans
      114 words
    • 6991 24 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number To DUNKIRK (DUK) 2117 Franc# To ABIDJAN (ABJ) 2003 Cote D'lvoire 04/06 ,6/07 NGPL ARUNBANK SP175 65-*****2)4 15/05 08/06 Mm OABY DELMAS
      6,991 words
    • SHIPS IN PORT
      • 557 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ANABAS *****E J15 A/SIDE 06/05 060( BAYSWATER228 E4112 J3 A/SIDE 06/05 020C HARU 1/04 J5 A/SIDE 06/05 150C TENHOMARU C***** J7 A/SIDE 06/05 230( WINSTAR 7 05E4W J2 A/SIDE 06/05 030( ZIM ISRAEL 42W J18/19 A/SIDE 06/05 083C ALVA
        557 words
      • 1808 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Nam e Voy Voy seq berthing Nmbr ACX LILAC 065S 065S 1 09/05/2004-20:00 **********:00 ACX MARGUERI 030N 030N 1 08/*****4-15:00 09/05/2004-03:00 ALSABAHIA C285E C285E 1 *****004-21:00 09/05/2004-09:00 ALAMJAYA 2 8894N 8894N 1 08/05/2004-23:59 09/05/2004-05:00 ALAMJAYA 2
        1,808 words
      • 100 25 May 8 France: Remem Day (WW2). May 17 Norway: National Day. May 20 Belgium: Ascension Day. France: Ascension Day. Germany: Ascension Day. Indonesia: Ascension Day. Netherlands: Ascension Day. Norway: Ascension Day. Sweden: Ascension Day. Switzerland: Ascension Day. May 24 Canada: Victoria Day. May 26 HK: Budha's Birthdy. S.Korea:
        100 words
      • 749 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
        749 words
      • 574 25 C*rbO" 180 Ma* 989.9 0.6 16.2 0.06 38 0.04 Apr 29 Density Water Residue AshAluminium Sediment No above E25 0 0 1 0 0 0 380 Ave 986.7 0.3 13.8 0.05 24 0.02 Eixon 380 Ma* 994.4 0.7 17.8 0.08 64 0.05 K6/M*3 V/V M/M M/M
        574 words
    • AIR & LAND transport
      • 620 26 ANALYSIS AFP [MlLAN] Foundering Italian state airline Alitalia is now locked in a life-or-death struggle to stay aloft, its bid to escape bankruptcy dependent on a la-bour-management accord on a restructuring plan. The gravity of the crisis was underscored on Tuesday when the
        AFP  -  620 words
      • 223 26 Reuters [WASHINGTON] Congressional investigators have been asked to study whether federal regulators are adequately overseeing the safety of regional airlines in light of two crashes last year. The issue was referred to the General Accounting Office by two Democrats on the House
        Reuters  -  223 words
      • 273 26 They file lawsuit in UK against new cancellation payment rules Bloomberg [BRUSSELS] A group representing 11 no-frills airlines including Ryanair Holdings filed a lawsuit in the UK against European Union rules increasing compensation that carriers must pay travellers for cancellations and overbookings, saying
        Bloomberg; AP  -  273 words
      • 389 26 But officials are cautious about the practical applications of the scheme Reuters [NEW CARROLLTON, Maryland] The US government launched a pilot programme on Tuesday to screen US rail passengers and their bags for bombs, but expectations are measured as planners assess whether
        Reuters  -  389 words
      • 361 26 Competition will pat fares under pressure: EasyJet Reuters [LONDON] A cautious outlook from no-frills carrier Easy Jet and concerns about sky-high oil prices weighed on European airline stocks yesterday. Shares in Easy Jet dived 21 per cent to a seven-month low
        Reuters  -  361 words
      • 189 26 AP [BERLIN] Boeing is lobbying several Chinese airlines to buy its new 7E7 jet and expects to have an answer by the end of the year, a company official said. The 7E7, named the Dreamliner, is a fuel-efficient twin-engine jet that is the
        AP  -  189 words
      • 2133 26 CITY FUGMT ETA FLIGHT ETD EM04 1405 EK431 0325 LH9771 1840 M7302 2215 1650 S0428 2325 SQ230 1840 0F82 2215 "430 ZOOS >■1111 M S023 0605 C*974 01)0 FrwHwt *C9951 0630 LH9765 1345 KL837 1450 KL838 2255 0630 S0326 1345 S024 2345 S025 0630 BA7305 2255
        2,133 words
  • Page 19 Advertisements
    • 28 19 Alitalia totters on the brink of collapse i Ja.j X V "asvT^i EasyJet results and high oil price depress airline stocks Budget airlines sue EU over compensation law
      28 words

  • Page 20 Advertisements
    • 668 20 IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND I3UPER BHUTHE EXPRESS (SS3Q vessel voy lgi sin pkg i LOS ANGEUS EXPRESS 04W16 21/04 09/05 11/05 VtSSEi *1? 55 3? WG PtO NEDUOYD SOUTHAMPTON 41W17 28/04 H/05 18/05 ANL EMBLEM 05N 24/04 26/04 21/04 30/04 04/05 09/05 11/05 PtO NEDUOYD KOWIOON 37WH 05/05 23/05
      668 words
    • 519 20 Lines services represented by Members of the Registry of Members of the ShiPPi"g Agents, Singapore Logist.cs Singapore Shipping Association Association UIY UNB MALI /YBSEI VOY ETA ETA eta P. KLAHG SPOKE MALI Koto Teguh XTGI2S 11/05 21/05 Maid Star 548 10/05 13/05 22/05 Kota Teraju TRJOBI 23/05 03/06 ULY MARINE
      519 words

  • Page 21 Advertisements
    • 731 21 MOi Combines a range ol chiming modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also accept Intro-Asia Caryoos to: BUSAN KVMNGYAN6 SHANGHAI YAKTIAN XIAMEN QMGDAO BUAWAN JAKARTA SURABAYA KAOHSUNC lANGKOK LAIM CHAIANG HOCHIXUNH PAStR GUDAMG PtNANG PORT KRANC For Schedules, BL
      731 words
    • 1374 21 16 RAFFLES QUAY #36-01 SALES/BKGS TEL 7/< 22S COSTAR SHIPPING PTE LTD hong leong building SSS CR NO. **********0 M SINGAPORE *****1 K3B 5376/46 TEL 6226 1900 (MAN) T/SHIPDEP "*****5 6238gW46 JOHOR S OFFICE: CONVENTIONAL 6420 5850 6226 2208 COSTAR AGENCIES (M) SDN BHD TEL 07-353 8166 FAX: 07-353 8170
      1,374 words

  • Page 22 Advertisements
    • 1537 22 K!)l 081 MAC ENQUIRIES/800K1NG5:*****344 FAX: *****433 E-MAIL: d»lm**®d»lm*t.com.»g U K killlHW DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 ■a»|j Mi ■Viiin MI—KBMBMWUI Fill COWTAWa SaVKI TO WIST AftKA B»0« yy VOT SINGAPORE PORTKEIANC LI HAVRE DAKAR BANJUL NOUAKCHOTT CONAKRY 211 IMS um IJM 07/06 13/0* 09/06 16/06 j£?njpi PiawifY 321W 17/05 H/OS 02/04
      1,537 words
    • 703 22 _bsa a MYANMA PQ FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 328W SU> HPA-AN 320W SLD SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL- 03-*****300 PKL 03-3176*101 PEN: 04-*****02 Mtaßsmm ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKL KUC DAISY T
      703 words

  • Page 23 Advertisements
    • 1472 23 VESSEL VOY SIN PKL PXB BAB DMM BIK CHABAHAR IKHORRAMSHAHR] IRAN HORMOZGAN PCL367 09/05 SKIP 18/05 19/05 26/05 28/05 30/05 01/06 IRAN SATTARI PCLBO3I 15/05 16/05 25/05 26/05 02/06 04/06 06/06 08/06 IRANSHAHRYAR PCLBO33 23/05 24/05 02/06 03/06 10/06 12/06 14/06 16/06 IRANKiRMAN PCL37O 29/05 30/05 06/06 07/06 14/06 16/06
      1,472 words
    • 503 23 A UK CONTINENT SERVICE Loading for ATERMON RTM/ATW/B M N/U K/NAN KEELUNG RTM/ATW/B M N/U K/NAN Loads Singapore, EVW Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBl/ABU/DOH/BRN/DMM/KWT VTC STAR DBl/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/JDH/AQA J SAFE DBl/ABU/DOH/BRN/DMM/KWT 'Loads Singapore. EVW Malaysia, Indonesia USA SERVICE Loading for SPLIT CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL
      503 words
    • 714 23 vo* SIK POil VESSEL M SUL uSjm 12&4W M/ 05 gMgIHP MM M.rSaii: PAC gAWpA U2S!| IfiZM ftSBSm? PAC lAND* 1206N LL/£5 rAni MATARAM EXP 300S 14/ Si lif/St PACMWA M 11/fii M— L===i4==g^^g^ tttlilßl L2fiSH la/fiS WZJS_ 1 11J I Fv<— PAC lANDA 1209N 15/05 PAC lANDA 1210N 17/05
      714 words


  • Page 25 Miscellaneous
    • 119 25 B REGIONAL 5 FOR 7AM 6 May 2004 Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols Showers Fu circle w/o lir| e indicates calm or light and variable winds Rain One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots X! Hazy A -One
      119 words