The Business Times, 28 May 2004

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Total Pages: 50
1 50 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/03/2004 850 SINGAPORE I I".ap:/7fjSiness-times.asial.com.sg FRIDAY, MAY 28, 2004
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  • 1267 1  -  Policy on Sing lending also relaxed: DPM Lee By Siow Li Sen [SINGAPORE] The government yesterday announced the keenly-awaited new, lower capital ratios for the three local banks which will allow them to manage their capital more flexibly and, more importantly, improve their
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  • 956 1  -  Adjoining land could house special attractions By Kalpana Rashiwala [SINGAPORE] Despite continued murmurs among landlords on the impact that the Business and Financial Centre (BFC) will have on the oversupplied office market, the long-awaited tender details for the site in
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  • 76 1 sn 1,778.55 1.85) ST INDEX FUTURES 1,781.00 (+1.00) SIMSCI 218.95 (+0.39) SIMSCI FUTURES 217.30 (-0.20) Thursday Change KLSK (X)MP 811.74 +12.49 NIKKEI 225 11,166.03 AM HANG am 11,983.90 +291.34 SET INDEX 630.72 +21.12 JAKARTA COMP _728.31 +10.31 MANILA (X)MP 1,499.12. -8.53 TAIPEI WPI 6.033.05 +5.78 SBMJLCOMP 802.46 +18.40 SHENZHEN
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  • 76 1 FOREX RATES US$ S* l!S$ (S$ per US$) 1.707 £(IJS$/S$ per S) 1.824 3.113 EIJR0(IS$/S$/E). 1.214 1072 YEN 111.4 65.30 RM 3.800 2.226 HKS 7.793.. 4.566 BAHT 40.67 .23.82 HJPIAI 9,286 5.440 RENMINBI 8.277 4.849 INDIAN RUPEE— 45.42 26.61 AS 1403 0.822 NZS 1.591 0.932 PRIME RATES SINGAPORE 555
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  • Page 1 Advertisements
    • 65 1 9 1 CHAN'*^^^^! 1 He marshalled a million people demonstrate against a dictator. He looting crowds to protect ethnic ChM^^H^HßH^^H businessmen. And he believes a woman can succeed him even though ancient rules dictate a male ruler for his tiny kingdom and special autonomous region in central Java, Sultan Hamengku
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    • 732 2 LATEST US DATA Payroll data points to recovery in labour market; 4.5-5% Q2 growth expected Reuters AP Bloomberg [WASHINGTON] The US economy grew 4.4 per cent in the first quarter, a touch faster than first thought as businesses scrambled to restock depleted
      Reuters; AP; Bloomberg  -  732 words
    • ON THE grapevine
      • 117 2 IF you have felt left out of the great fertility debate, or furious with the government's exhortation to have babies, the women's organisation Aware has a platform for your views. The Association of Women for Action and Research is asking for views on
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      • 151 2 CULTURAL Medallion winner and multi-disciplinary artist Tan Swie Hian is known for his larger-than-life works including his floor calligraphy set in granite on the floor of the Chinatown MRT station. Needless to say, his works in price and size can't be "owned" by
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    • 558 2  -  Asians estimated to hold more than 20% or US$1t of assets From Neil Behrmann in London THE rich are becoming the mega-rich and the number of Asian multi-millionaires has increased substantially in the past year. Global private banks, which cater for the superwealthy,
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    • 551 2  -  Phased approach will give it leeway to match demand By Kalpana Rashiwala [SINGAPORE] The successful bidder for the Business and Financial Centre (BFC) site will be given up to 10 years to buy the entire site in phases
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  • Page 2 Advertisements
    • 172 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simon ne Toh T: +65 6535 3382 F: +65 6535 3991
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  • Page 3 Advertisements
    • 62 3 ahead of the times and make swift decisions from any location. Wk" Mobile service and Vodafone's coverage, you can now *V SS y° ur ia or search for information in over 70 countries and territories* with hassle-free internet access. Because we have only 1 life. Live it on the go.
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  • SINGAPORE companies
    • 902 4  -  Shares hit day's high of $2.31 before ending at $2.28 in brisk trading By Joyce Koh THE offer lapses. Temasek expresses disappointment that its takeover offer for United Overseas Land (UOL) was rejected. At the same time, United Overseas Bank.(UOß) says it
      Source: Bloomberg  -  902 words
    • 158 4 MAIL bag WE refer to your article "Temasek points out strengths of its UOL offer as expiry looms" (BT, May 27). The sub-heading "UOL clarifies it is seeking to enhance, not unlock, shareholder value" is factually incorrect and seems to give the impression that UOL
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    • 371 4  -  It'll team up with Telekom unit to seek stake in Idea Cellular By Tang Weng Fai ST Telemedia (STT) yesterday confirmed it was teaming up with Telekom Malaysia to buy into India's mobile phone market. It was only in December that STT had completed
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    • 729 5  -  HOCK lock siew r sivanithy US Federal Reserve chief Alan Greenspan is wellknown for speaking authoritatively but not clearly. So he leaves the talk to others, who speak clearly if not authoritatively. Currently, the clear and authoritative message from the Fed is that
      Source: Bloomberg  -  729 words
    • 635 6  -  Sponsored equity reports prove popular, with over 52,000 downloads Reports by Serena Ng CRITICS earlier questioned its independence and objectivity, but the sponsored research scheme for Singa-pore-listed companies looks to have taken on a life of its own over the past five
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    • 454 6 Research helpful despite unhappy incident: Asia travel MANY small-cap companies have enjoyed a higher profile from their participation in the sponsored research scheme. But the increased exposure also has less positive consequences, which Sesdaq-listed Asiatravel.com Holdings recently had a taste of. Asiatravel, an online
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    • 818 6  -  MAIL bag Ong-Ang Ai Boon Mrs Director The Association of Banks in Singapore WE refer to the article in the Personal Finance section (BT, May 21) entitled "Unfair practices in car loans" in which Dr Johnny Tan asserts that borrowers
      Source: ABS  -  818 words
    • 366 12  -  Move comes as counter fell 11% to 41 cents on Wednesday By Kenneth Lim AT least one broking house has imposed trading restrictions on Technics Group Holdings this week, coinciding with the stock's almost 11 per cent fall in price to 41 cents
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    • 223 12 FOREIGN banks with operations in Singapore are scrambling to publish their financial accounts ahead of the statutory deadline next Monday. This is most obvious in The Business Times, which has seen a sharp increase in the number of financial institutions, including Qualifying Full
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    • 245 12 IN a first for Lianhe Zaobao, media giant Singapore Press Holdings (SPH) yesterday said its flagship Chinese daily will be printed and sold in Indonesia from June 1. The Chinese newspaper will start with an initial daily circulation of 5,000 copies, which
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    • 467 13  -  Pressure on fees expected to intensify, says Fortune SGAM By Genevieve Cua CHINA may be a fledgling fund management market, but competition is getting tough and pressure on fees is expected to intensify, according to Denis Lefranc, Shanghai-based deputy general manager of Fortune
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    • COMPANY Briefs
      • 128 13 AUDITORS of Media Stream have raised doubts about its ability to remain as a going concern, and have qualified their report saying that they cannot determine if the media production group's financial statements and the company's balance sheets are properly drawn up in accordance with provisions
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      • 41 13 GP INDUSTRIES said net profit for its fourth quarter ended March 31 leapt seven-fold to $45.7 million from $6.3 million a year ago, bringing full-year earnings to $82.6 million, up 158.6 per cent over FY2003.
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      • 50 13 GIANT Wireless Technology has proposed a bonus issue of 40 million new shares, or one bonus share for every 10 existing shares. The company yesterday posted a 17 per cent drop in net profit to HK$46 million (Sslo million) for the year ended March 31.
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    • 213 13  -  By Joyce Koh CHIMING its way into its 50th year of business, Sincere Watch yesterday announced record FY2004 revenue, earnings and dividends along with a stock split and one-for-five bonus issue. For the 12 months ended March 31, the Sesdaq-listed company said earnings
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  • Page 4 Advertisements
    • 1020 4 rm WBL CORPORATION LIMITED (Incorporated in Singapore) WBL'S NET PROFIT SURGES 323% TO $24.1 MILLION FOR THE FIRST HALF OF FY 2004 (OCTOBER 2003 TO MARCH 2004) Unaudited results lor the period ended 31 March 2004 2Q 2Q 1H 1H FY 2004 FY 2003 Change FY 2004 FY 2003 Change
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    • 41 4 Swiss Private Banking since 1841 COLE Storewide wear 15-80" 14th May 04' Suntec City Mall, #02-023 6837 2963 IMM Building, #01-63 6569 3515 Parkway Parade, #02-21/22 6345 0758 Plaza Singapura, #03-04 6238 6229 United Square, #01-84 6253 2235 Terms Conditions apply.
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  • Page 5 Advertisements
    • 234 5 RAYMOND WEIL GENEVE <u I "D C O E c3 i 12 Mil If to msf t i m e t o d r e a m i fl j w < *—i' -3 < 3- j*) 1 1P| Z 1 (7) G ~JJon ryiovanm 0 Cj I v on
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  • Page 7 Advertisements
    • 130 7 A member of atigroufP Giving high fliers the most benefits and worldwide recognition ■r j nM 1 *4iZiMff m^nra pi JSKb^^^P^ 1 hi^^H if£ %I^Va Now you can fly free faster with multiple privileges on an airline you've always felt comfortable with. The Citibank Cathay Pacific Platinum VISA Card provides
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  • SINGAPORE markets
    • Article, Illustration
      563 8  -  Compiled by VEN SREENIVASAN ASL MARINE May 27 closing 53J> cents WE maintain our positive view on ASL Marine. The proposed acquisition of a stake in the Tabang Coal Concession in Kalimantan by associate ASL Energy will provide a defensive earnings stream and could be a significant earnings
      Source: Bloomberg  -  563 words
    • 290 8  -  HOT STOCK WARRANT By Ven Sreenivasan MAINBOARD-listed air logistics specialist Airocean Group lifted its full-year net profit by 30 per cent to $8.1 million, on a 7.2 per cent rise in turnover to $359.5 million for the year ended March 31, 2004. The results
      Source: Bloomberg  -  290 words
    • 621 8  -  BT comment STOCKS r. sivanithy Yesterday should have been cancelled due to a lack of interest and we should have gone straight to Friday. The Straits Times Index hardly budged, volume was low, and with 159 rises, 167 falls and 386 counters unchanged or
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    • 445 8 Reuters [SINGAPORE] South Korea's won gained yesterday while the Indonesian rupiah fell in a regional market wary of a choppy US dollar, high oil prices and the threat of terror attacks. Although oil prices were slightly easier at near US$4O a barrel after moving
      Reuters; AP  -  445 words
    • TRADES TO WATCH
      • 80 8 THE chief executive officer of ComfortDelgro Corporation's engineering division, Simon Soh (above), on May 25 converted 506,367 options into shares of the listed transport group. One-third of these options were exercised at 41 cents each, another third at 46.2 cents, and the rest at 44.4
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      • 117 8 OVERSEA-CHINESE Banking Corp indicated in filings yesterday that directors Lee Seng Wee and Lee Tih Shih are poised to raise their stakes in the banking group following their acceptance of its voluntary unconditional offer for the shares of Great Eastern Holdings. It said executive
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      • 110 8 THE executive chairman of China tourist attraction developer Straco Corp, Wu Hsioh Kwang, on May 26 bought another 100,000 shares of the re-cently-listed group at 17.5 cents apiece. He had earlier this month bought 300,000 shares on May 17 at around 16.3 cents each and
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      • 88 8  -  Compiled by SERENA NG AN executive director of NeoCorp International, Eric Tiong, on May 26 bought 100,000 shares at 2.5 cents apiece. This follows an earlier purchase of another 100,000 shares on May 21 at the same price, and raised Mr Tiong's direct shareholding in
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    • Article, Illustration
      416 8 OTHER SINGAPORE INDICES May 27 VALUt CLOSE BT OB/OS 38.00 +172.00 BT CAW -*****.00 -6.00 BT 10-day MA ******.00 +4.00 Ail-SG Equities 478.39 +0.91 SG Equities Elect 162.46 +2.60 SG Equities Fin 1456.77 -2.61 SGEquitiesProp 403.70 +2.92 SIMSCt 216.95 +0.39 SiMSCI Futures 217.30 -0.20 Stocks Volume FibreChem HKlc 29.289,000 Interra
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  • Page 9 Advertisements
    • 177 9 CONGRATULATIONS TO THE WINNERS fj FIAB?KA?ORE OF THE FLABCI PRIX D'EXCELLENCE 2004 H ijjjj| lit'/, »j *jljP -j*.'".. t_ 2L a Skt js& jii f^aEE^^Sß^SSS^iSffflßrSr t*s A*-fe Esplanade Theatres on the Bay Winner for the Specialised Category and Michael W ,forcl Partners 1 lEb EL Zfl 'if 11, S M
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  • Personal finance
    • 1390 10  -  Their signals are confusing, but one can get a better understanding by separating short-term from medium-term factors, says LIM SAY BOON LIM SAY BOON SURGING oil prices have thrown almost all asset markets into turmoil recently. The markets are sending very contradictory signals that
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  • Page 10 Advertisements
    • 203 10 m Hp JH K S I >"*'"* JL #w ■HHHB m jk a. j jf ®.;-s 4-v&; <../y.|^P|^Mg;v,'-. Wf V? Wi>^jßßFKp|S^^^^^^ g .,.^SfaMiMi|Ml.:t;..v;,.^^ j l^M[i]iKll^^i[iViKiisiS(ilil(sisiiiKliTiliißll(3lil'lBiliw«llillliiiK^^^B JK j||§MilU£BMl|AagßXß|Aa|MgliUlM|lUMS|l*gAglSdllliyiAi^^^H il fHHK InFocus InnovatiorßgffißPlnob easier, With v intuitive interface?*:;, c WSfful flP^||P^ 9o^]9 tQ^- fe-IHH w ti -fk ,r j 4, 3T *#*Qa
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    • 76 10 SATISFIED with your health situations? Know HOW you could be healthy too while you create your own business! Come for a FREE 1 hour seminar at: No. 60 Cecil Street, #01-00, TPI Building, Singapore *****0 Every Sat. 1:00pm to 2:00 Tue. 8:00pm to 9:oopm e-mail: better_livinglol@yahoo.com or call: Jane Lawrence
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  • Page 11 Advertisements
    • 65 11 The Loft Wins Prestigious Awards 7th SIA Architectural Design Awards 2004 (Design award in apartments/condominiums category) FIABCI Prix d'Excellence 2004 (Highly commended in residential category) x ad /I ''Ill 4lV j|i| >| i iTrrl' ijll I j :§>fev- MHI V t r Accolades for quality design consemtion of J OO-yctir-old
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  • Page 12 Advertisements
    • 1492 12 GPindustries GP Industries Limited (Incorporated in the Republic of Singapore) Unaudited Results for the fourth quarter and financial year ended 31 March 2004 The Board of Directors of GP Industries Limited is pleased to announce an extract of the unaudited consolidated results of the Group for the fourth quarter ("Q4")
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    • 117 12 Yes! I want to subscribe to the BT Weekend edition for 12 months. Simply mail in or fax this form to 6744-4875 or call 6388-3838 now! K Name (Dr/Mr/Mrs/Ms) Sex: MIF J( U IK Delivery Address: Postal Code. Date of Birth: NRIC No: EmaH: Tel (H): (0): Mobile: t Mod*
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  • Page 13 Advertisements
    • 477 13 9th annual Asian Casinos Expo 2004 22 23 June 2004 Raffles City Convention Centre, Singapore K A You bet! Catch Asia's largest showcase of gaming technologies and solutions in Singapore. Platinum sponsor: ACE Exhibition Open to trade visitors (above 21 only) from 10am to spm daily View the latest products
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  • SINGAPORE news
    • 278 14  -  EYE on the economy service sector By Teh Shi Ning SINGAPORE'S service-sector income rose 6.9 per cent year on year in the first quarter of 2004, a bigger increase than in the preceding two quarters, according to the Department of Statistics (DoS). Excluding a
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    • 878 14  -  Old index indicators failed to signal downturns in recent years By Anna Teo SINGAPORE'S composite leading index (CLI) which aims to track economic activity about three quarters ahead has been revamped to better predict the economy's growth path. And the new index which includes, for the
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    • 379 14  -  BT exclusive Company will also launch Who's Who In China book By Vince Chong A SMALL Singapore firm that helps companies set up shop in China has bagged a lucrative long-term contract to collate and publish data for the Chinese government the first
      CHRIS LOH  -  379 words
    • 177 14 JONES Lang La Salle (JLL) and LaSalle Investment Management have received the "IRES Corporate Excellence Award" for their achievements in international real estate research. The award, from the International Real Estate Society (IRES), was presented recently at the society's international board meeting in Florida. IRES is
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    • 456 16  -  ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS CONFERENCE It recognises that users of SME accounts have different needs By Serena Ng THE London-based International Accounting Standards Board (IASB) will publish a preliminary discussion paper next month on a set of global accounting and
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    • 347 16  -  Return to principles and professionalism is key for accountants: veteran By Kenneth Lim RECENT moves to give legal backing to the accounting profession have unintentionally taken the emphasis away from principles and professionalism, and a mindset change is urgently needed to restore public confidence in auditors,
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    • 252 16 THE Great Singapore Sale (GSS) 2004 starting today has been extended to a record eight weeks and will last until July 25. The two-week extension is to catch the peak travel season in regional markets such as Singapore's Southeast Asian neighbours, China,
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    • 258 16 NEXT time you feel like munching on a burger and some fries but don't have cash in your wallet, just flip out your ez-link card. Restaurant chain McDonald's said yesterday most of its restaurants and McCafes now accept payment by ezlink
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    • 247 16 Reuters SINGAPORE'S Continental Chemical Corp Pte Ltd is seeking about US$2OO million in loans, instead of an international bond issue, to fund a petrochemical project in China, a banking source close to the plan said yesterday. "The bond issue plan has failed," the source,
      Reuters  -  247 words
    • 425 18  -  He says there's little new demand with most people owning their homes By Chen Huifen THE government's promise to continue to build new flats for sale isn't a good move and there needs to be a re-think on housing policy, an academic
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    • 283 18  -  By Chen Huifen ESPLANADE Theatres on the Bay and Prudential Tower have won major awards at the annual Prix d'Excellence, the Oscars of the real estate industry. Known for its twin duri-an-style domes, Esplanade Theatres on the Bay won in the specialised category. Housing Singapore's national
      FILE PHOTO  -  283 words
  • Page 14 Advertisements
    • 1135 14 THE BANKQF NEW COMPANY INC Head Office: One Wall Street, New York, NY *****, U.S.A. Singapore Branch: One Temasek Avenue, #02-01 Millenia Tower, Singapore *****2 For the years ended CONSOLIDATED BALANCE SHEETS December 31, CONSOLIDATED STATEMENTS OF INCOME December 31, (Dollars in millions, except per share amounts) 2003 2002 (In
      1,135 words
    • 21 14 r J)Jelling your car? I Call our C.A.T.S. hotline CA.T.S. at 1800-289-9988. Buy It. Sell It. Find It. < i mi i■■in
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  • Page 15 Advertisements
    • 1230 15 call toll-free 1800 289 8822 Email: notices@sph.com.sg HSBC Private Bank (Suisse) SA Annual Results for 2003 Balance Sheet Statement of Income (In CHF thousands) (In CHF thousands) December 31 Year Ended December 31 2003 2002 2003 2002 ASSETS Interest Income Liquid assets 40.940 67,180 Interest and dividend income 424.307 617.901
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    • 263 15 INTERNATIONAL FACTORS (SINGAPORE) LTD 5550,000,000 Floating Rate Notes Due 2006 Pursuant to CONDITION 15 of the Notes, notice is hereby given that, in respect of the Interest Period from May 28, 2004 and ending on (but excluding) November 29, 2004: (a) the Rate of Interest payable upon the principal amount
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    • 355 15 ■j (i) SCD 15,000,000 Series 4 Floating Rate Notes Due 2004 g 1 (ii) SGD 35,000,000 Series 5 Floating Rate Notes Due 2005 j In accordance with the provision of the abovementioned Notes, notice is hereby given that for the Interest Period from 28 May 2004 inclusive to 29 November
      355 words
    • 1788 15 UNITED ENVIROTECH LTD. (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the First Annual General Meeting of the Company will be held at 8 Cross Street. #17-00, Room Wl2, PWC Building Singapore *****4 on 15 June 2004 at 10.00 a.m. to transact
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  • Page 16 Advertisements
    • 1273 16 (INCORPORATED IN MALAYSIA) (COMPANY NQ.5303-W) AND ITS SUBSIDIARY COMPANIES The Bank The Group The capital adequacy ratios of the Bank and of the Group are as follows: 2003 2002 2003 2002 Theta* The Group RM' 000 RM' 000 RM'OOO RM'OOO 2003 2002 2003 2002 ASSETS Restated Restated RM' 000 RM'
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    • 11 16 Call 1800 289 8822 or email recruit@sph.com.sg for your recruitment solutions
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  • Page 17 Advertisements
    • 1751 17 ARAB BANK PLC Balance Sheet Income Statement as of 31 December 2003 for the year ended 31 December 2003 2003 2002 2003 2002 USD ('000) USD COOP) USD C 000) USD 000) Assets Revenue Cash and balances with central hanks 2,544.156 Interest income 915.*85 1.023,752 Balances with hanks and financial
      1,751 words
    • 1753 17 iniDli it f fr I3UAU CHANG HWA COMMERCIAL BANK, LTD. CHANG HWA BANK HEAD OFFICE: TAIWAN R.O.C. Chairman: Po-Shin Chang Directors: Timothy Chang, Hsi-Chien Wen, Chun-Chung Lin, c C /-u I nru Chen-Jau Chen, Ching-Hsi Chang, Managing Directors: Mike S.E. Chang James D. Chen, Sheng-Rong Chuang, Wei-Lung Chen Ming-Jen Chen,
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  • Page 18 Advertisements
    • 2072 18 n registration no. *****0219E mOM IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore with limited liability) IDT HOLDINGS (SINGAPORE) LIMITED is an investment holding company whose subsidiaries are engaged in the designing, engineering, manufacturing and marketing of consumer electronic products which principally feature LCD and microprocessor applications. Group
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    • 919 18 CREDIT SUISSE BALANCE SHEET AT 31 DECEMBER 2003 PROFIT AND LOSS ACCOUNT 2003 2003 2002 2003 2002 CHF m CHFm CHF m CHF m ASSETS Income from Interest business Cash and other liquid assets, money Interest and discount income 4,827 5,440 market papers and due from banks Interest and dividend
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  • FOCUS offices
    • 1086 19 From advertising agencies to insurers and industrial giants, the corporate workstation in the US is shrinking NYT WHEN waterhouseCoopers moves into its new offices in M i d to w n Manhattan this summer, it will slim down by about 200,000 square feet of space
      NYT  -  1,086 words
  • Page 19 Advertisements
    • 69 19 Wrisfwatches j|^ e Ca ltQn on B on B Chater room I 111 3rd 4th June 2004 10:00 a.m. 6:00 p.m. (Bidding closes) sth 6th June 2004 10:00 a.m. noon (Bidding closes) jj j^|^~ For catalogues free valuations 1974 2004 Antiquorum Auctioneers (Hong Kong) Ltd. year?/ Rm *****, 14/ F.,
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    • 294 19 VACHERON CONSTANTIN Manufacture Horlogere. Gen6ve, depuis 1755. Grand Opening in Ocean Terminal Expertise and appraisal with an exhibition of antique watches To celebrate the Grand Opening of the first Vacheron Constantin boutique in Hong Kong at Shop 0T287, Level 2 in Ocean Terminal, Mr. Osvaldo Patrizzi of Antiquorum and Mr.
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  • EDITORIAL & opinion
    • 799 20  -  THE bottom line OPINION leon hadar THE grand strategic plan of an American Empire being conceived by some in the Bush administration seems to be an attempt to lessen the costs of Israeli expansionist policies. In the same way that US unilateralism according to
      799 words
    • 38 20 'Who now will not doubt the US government when it says that it will uphold human rights and the rule of law?' William Schulz of the human rights group Amnesty International, in its annual report.
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    • 652 20 EDITORIAL SOARING oil prices are an opportunity for Asia to work out a long-term energy strategy. It would not be wise to look to the West for inspiration. The United States is not doing much to reduce its dependence on oil. Given its ease of access to
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    • 1146 20  -  The trick will be to fend off rivals while Sony marries its strengths in hardware and content to create new symbols for the digital world By Joel Dreyfuss Bloomberg IN a windowless room near Sony Corp's headquarters in Tokyo's Shinagawa
      Bloomberg; AFP  -  1,146 words
    • 913 20  -  COMMENTARY Watch bank lending figures for real clues on where the bourse is headed From Anthony Rowley in Tokyo CORPORATE Japan has just declared its best financial results in years, with most of the nation's leading banks returning to profitability after two years
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  • REGIONAL news
    • 426 21  -  Tony Fernandes doesn't rule ont tie-up with Temasek after Air Asia goes public From Eddie Toh in Kuala Lumpur THE owner of Malaysia's Air Asia has halted talks with Singapore investment company Temasek Holdings because of disagreements over the valuation of the budget
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    • 260 21  -  Resorts World becomes corporate client of Air Asia From Eddie Toh in Kuala Lumpur ONE of Malaysia's richest gaming tycoon Lim Kok Thay is set to use nofrills carrier Air Asia more frequently. Mr Lim's family-con-trolleO Resorts World, vhich-jperates the sole casip.o
      FILE PHOTO  -  260 words
    • 469 22  -  SINGAPORE Channelling their billions to India is lucrative business By Suresh Menon BANKS have woken up to an irresistible scent servicing an estimated 22 million non-resident Indians (NRIs), who form the third largest expatriate community globally with over US$4OO billion in investible
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    • 507 22 Coalition govt plan promises more spending on farm and education AFP Bloomberg [NEW DELHI] India's new left-leaning coalition government, announcing its economic roadmap yesterday, said it will aim for 7 to 8 per cent growth and ruled out the sale of profitable state firms.
      AFP; Bloomberg  -  507 words
    • 440 22 MANILA Bloomberg THE Philippine economy grew at its fastest, pace in five years in the first quarter, helped by the biggest gains in construction since 2000. Gross domestic product gained 2.2 per cent from the fourth quarter of last year, adjusted for seasonal
      Bloomberg  -  440 words
    • 442 23 SHANGHAI World Bank says fears of hard landing have eased but rich-poor divide poses a challenge Reuters CHINA'S measures to cool its economy have sharply reduced fears the country may be headed for a hard landing, the World Bank said yesterday. The steps,
      Reuters; REUTERS  -  442 words
    • 358 23 HONG KONG EIU cites US$, interest rates and tourist arrivals Reuters Bloomberg THE weakness of the US dollar, falling real interest rates and a rise in the number of visitors are expected to boost Hong Kong's economy by 6.5 per
      Reuters; Bloomberg  -  358 words
  • Article, Illustration
    1084 21 Transaction date: May 27 ■■■■■■■■I —1 mtm v INTERBANK CROSS RATES A$ ft Brnb Euro HK$ IndBs Bupiah Yen Won RM WZ$ Pak Rs Peso S$ Rand Sfr HT$ Baht Pound USS to*!*** 0.974 5.898 0.587 5.553 32.360 66.164 0.794 8.336 2.708 1.134 41.107 39.810 1216 4.680 0.903 23.892
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  • 4459 21 UNIT TRUSTS FUNDS Indocam Asia Vision!" 1 004/1 055 DIS AsMt Mat AMI Amro Asset Mat (S'pore) ShentonTwinoC 1.25/1.305 Star Europe Eqty'" 0 738/ Japan Growth! 0 885/0 925 Star Europe Bond 1 242/ Mendaki Cap Pro Fd 0 9611/ Star Europe Bal 1 044/ Slxtnon Thrift!•• 1 965/2 05
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  • Page 21 Advertisements
    • 33 21 Placing tenders? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now. IPIMCO Total Return Bond Fund rated 5-star by Mercer Investment Consulting Allianz (jjj) Dresdn©r Asset Management
      33 words

  • Page 22 Advertisements
    • 1855 22 BARCLAYS PLC BARCLAYS Head Office: 54 Lombard Street, London, EC3P 3AH Singapore Office: 23 Church Street #13-08 Capital Square Singapore *****1. Robinson Road P.O. Box 887, Singapore *****7. Tel: 6395 3000 The following is an extract from the 2003 financial statements and annual reports of Barclays PLC Balance sheets as
      1,855 words

  • Page 23 Advertisements
    • 1149 23 jj NAAOO*^ r is Moscow Narodny Bank limited INCORPORATED IN THE CITY OF LONDON SINCE 1919 Head Office, UK Office Registered Office 81 King William Street, London, EC4N 7BG. Singapore Branch 50 Robinson Road, MNB Building, Singapore *****2. Representative Offices in Beijing and Moscow CONSOLIDATED BALANCE SHEET CONSOLIDATED PROFIT AND
      1,149 words

  • Page 24 Advertisements
    • 1875 24 I Bumiputra E5? I I Commerce I I Balance Sheets As At 31 December 2003 Income Statements For The Year Ended 31 December 2003 fi The Group- The Bank The Group The Bank if 2003 2002 2003 2002 2003 2002 2003 2002 ffi RM'OOO RM'OOO RM'OOO RM'OOO RM'OOO RM'OOO RM'OOO
      1,875 words
    • 137 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF QUANTUM CAPITAL PTE. LTD. (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the members of the abovenamed Company will be held at
      137 words
    • 239 24 LUFTTECHNIK PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 35 Selegie Road, #04-06 Parklane Shopping Mall, Singapore *****7 on 28
      239 words
    • 200 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF (I) ENVIROCHEM TECHNOLOGIES PTE LTD (II) SENG CHIN FOOD PRODUCTS PTE LTD (III) EURO ONE SERVICES PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATIONS) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the final meeting of members
      200 words
    • 326 24 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF EAB CORPORATION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company will be
      326 words
    • 134 24 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF TIMBERPLUS CREATION PRIVATE LIMITED (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company and the creditors
      134 words
    • 279 24 SYNERGY CONSTRUCTION PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) NOTICE OF MEETING TO CREDITORS NOTICE IS HEREBY GIVEN that the venue for the meeting of creditors of Synergy Construction Pte Ltd, scheduled on 3 June 2004 at 1400 hours, have been changed to 2 Stamford Road, Raffles City Convention Centre (Padang Room,
      279 words
    • 189 24 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF OEXIA ASSET MANAGEMENT (ASIA) LTD (In Member's Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.so, that a Final Meeting of the abovenamed Company will be held
      189 words

  • WORLD news
    • 413 25 TOKYO Bloomberg Reuters JAPANESE Internet service provider Softbank Corp has agreed to buy Japan Telecom Co from US buyout firm Ripplewood Holdings for 143.3 billion yen (552.2 billion). By gaining a foothold in Japan's lucrative corporate telecoms business, Softbank will double its
      Bloomberg; Reuters; AP  -  413 words
    • 344 25 RIYADH The bank ends its 50-year presence in the kingdom Bloomberg Reuters CITIGROUP Inc, the world's biggest financial services company, is selling its remaining shares in Samba Financial Group, ending its presence in Saudi Arabia after almost half a century. Citigroup
      Bloomberg; Reuters  -  344 words
    • 264 25 SAN FRANCISCO Bloomberg Reuters HARVEY Rosenblum, research director at the Federal Reserve Bank of Dallas, said he expected inflation to slow this year and "so far, I've been proven wrong". "The incoming data suggests I was off track," said Mr Rosenblum,
      Bloomberg; Reuters  -  264 words
    • 197 25 SEOUL Bloomberg SAMSUNG Group, South Korea's largest conglomerate, will invest 70 trillion won (*****.6 billion) in three years on semiconductor plants, liquid crystal display factories and related businesses. The group, which owns Samsung Electronics Co, the world's second-largest semiconductor maker, will spend 19.3
      Bloomberg  -  197 words
    • 511 25 WASHINGTON US, Opec leaders consider measures to boost supplies AP Reuters OIL prices have begun to ease after the US and Opec said they are considering measures to reign in the runway prices. The Bush administration revealed it is considering removing environmental requirements for a
      AP; Reuters  -  511 words
    • 373 25 WASHINGTON LAT-WP THE Securities and Exchange Commission (SEC) ruled on Wednesday that mutual fund managers must report any personal trading they do in the funds they oversee, counting on greater disclosure to help prevent trading abuses that plunged the industry into scandal last
      LAT-WP  -  373 words
    • 608 27  -  Chief economist downplays impact of oil price hikes, slowdown in China From Anthony Rowley in Tokyo INTERNATIONAL Monetary Fund chief economist Raghuram Rajan yesterday offered a highly upbeat view of global economic prospects for 2004, downplaying threats to continued economic recovery such
      BLOOMBERG  -  608 words
    • 509 27 SINGAPORE Reuters ASIA is shuddering at the prospect of Beijing forcibly slowing growth. But analysts have a calming word for those worried about an end to good times: Japan. China has underpinned Asian growth as it sucked in imports from around the region and
      Reuters  -  509 words
    • 699 28 NEW YORK Signing bonuses for freshers doable and MDs get US$1m as bank profits surge Bloomberg INVESTMENT bankers fresh out of school are getting signing bonuses of U5545,000, more than twice as much as last year. Third-year bankers may get 25 per cent raises
      Bloomberg; BLOOMBERG PHOTO  -  699 words
    • 567 30 MELBOURNE Another battle brewing as Perth casino Burswood spurns PBL offer Reuters TAB Ltd, Australia's sec-ond-biggest gaming group, accepted a sweetened A 52.17 billion (552.63 billion) takeover bid from larger rival Tabcorp Holdings Ltd yesterday, ending a sevenmonth battle. But a second
      Reuters  -  567 words
    • 450 30 SEATTLE Bloomberg LONE Star Funds, a Dallas-based investor in real estate and troubled loans, plans to raise up to US$5 billion and use most of it to buy assets in Asia. About 80 per cent of the new money for its
      Bloomberg  -  450 words
    • 534 31 NEW YORK Case will tarn on why his pay of US$139.5m was unreasonable NYT RECOVERING tens of millions of dollars from the former Big Board chief executive Richard Grasso will not be easy even for New York's attorney general, Eliot Spitzer. Under
      NYT  -  534 words
    • 355 31 NEW YORK Vendor, mired in legal scrutiny, manages US$34b in assets NYT WELLS Fargo said on Wednesday that it would buy the US$34 billion in assets managed by Strong Financial, which has played a prominent role in the investigations into the mutual fund
      NYT  -  355 words
  • Page 25 Advertisements
    • 1632 25 Standard Chartered Standard Chartered PLC (Incorporated in United Kingdom) Head Office: 1 Aldermanbury Square, London EC2V 7SB Audited accounts for the year ended 31 December 2003 Consolidated Balance Sheet Consolidated Profit and Loss Account at 31 December 2003 for the year ended 31 December 2003 2003 2002 2003 2002 US
      1,632 words

  • Page 26 Advertisements
    • 3571 26 To advertise call toil-free 1800 289 8822 Email: notices® sph. com. sj IN THE MATTER OF THE COMPANIES ACT (CAP 50.1994 Ed) AND IN THE MATTER OF ASIAN SECURITIZATION INFRASTRUCTURE ASSURANCE (PRIVATE) LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the
      3,571 words
    • 938 26 IN THE MATTER OF THE COMPANIES ACT (CAP 50,1994 Ed) AND IN THE MATTER OF ASIA CREDIT SERVICES (PRIVATE) LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 9 Temasek Boulevard. #38-01 Suntec Tower
      938 words
    • 964 26 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF INDO GRANITE CORPORATION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 2 Ang Mo Kio Street 64,
      964 words

  • Page 27 Advertisements
    • 1192 27 Consolidated Balance Sheet according to IFRS as at 31st December 2003 with comparative figures for 2002 31 Dec 2003 31 Dec 2002 31 Dec 2003 31 Dec 2002 Assets €mn €mn Liabiltties, Minority Interests and Shareholders' Equity €mn €mn Cash funds 5,491 4 877 Liabilities Trading assets 143,035 121,535 Trading
      1,192 words

  • Page 28 Advertisements
    • 3336 28 Notices n KOREA'S LEADING BANK <OREA EXCHANGE BANK OF KOREA) Non-Consolidated Balance Sheet Non-Consolidated Statements Ot Operations On Millions of Won, except shore data) (In Millions of Won, except earnings per share data) ASSHS 200) 2002 2003 2002 Interest income: Cash and due from banks W 4,7(6,404 3 <®?£793 Interest
      3,336 words

  • 4663 29 Transaction date: May 27 HONG KONG Vol HK Exchanges 4 Clearing 15.90 0.45 7781 HKS '000 HKRInt'l 2.43 0.10 6813 Hong Kong Electric 32.60 1.10 4490 AeonCredit 4.68 0.18 140 Hongkong Chinese 1.00 0.02 616 Aeon Stores 5.55 0.20 118 Hongkong Chinese Ltd 1.00 0.02 616 Alpha General
    4,663 words
  • 2427 29 Transaction date: May 27 KUALA LUMPUR GeneralSoil 1.26 und; 0 ygl Genting 15.20 0.70 413 RM w- I'OOO) George Kent 0.85 0.03 65 GlobetronicsTech 0.54 0.02 1704 ASM Realty 1.36 -0.08 9 GiomacBhd .2.38 0.05 440 Abrk 068 0 05 706 Gold Bridge Engrg 0.42 0.01 97 ACP industries
    2,427 words
  • 768 29 Transaction date: May 27 m otm a—i ant— o— OX 09W <e»n NOl lit 21X .0-050 MLIndUfiOc 0* 0 756 .i'.i', OOC 902 1UK1 Q» 1JH *0010 Pwkw%H2Sc OH 1110 <***** Owi VfffliOona 2fc 1X2 I43D »0M0 fvoptn rood HUOc 046 1J30 OtyOtvJOe in 1250 <«OaO 4C» U 1.1?
    768 words
  • 815 29 BONDS WARRANTS Pram Expiry Tal Last Vo4 Com Exer Dim Gear- Mths Coda Company Salt -hk ('000) Ratio Price ing I aft 3779 ASl Marine HldgsW*****1 16 0.5 30 1 S3 29 3.34 47 3698 ASTIW*****1 36 1 16 1 1.43 1 3697 Acma Ltd W*****6 .0.5 1 50 742
    815 words
  • Page 29 Advertisements
    • 17 29 I w vPHPHHr- *$f,' *m v lilulfelß2lMulwmVlwrilDfw^K v I w -Ifi MM M M a^^^^H__-J»«_ MM __i_._L--JIHfIL»-_fIHHIIHHHHIIHHHHHIfIHHHHHHHHfIfIHiIII^HIHHHHH^IIfIHHIH_IP^MI^MOHMM9I^Mi^M^^^^p^m9HswI
      17 words

  • 5940 30 Transaction date: May 27 J* l*t Vol My Last Quote GrWv Mv GrYld Net MCap Hlgti loo Cod* Company Ml fOOO) Wgh Low teyr Sofcr Co WE Sni "5 5 5716 IstSoftwareSc 11 -0.5 631 11.5 11 11 ,11.5 43.6 57J tiSS&iGsuzzzzV 85 35 5 35 35 5
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  • 69 30 5L L*« Val Day Last Quota GfWv Otv GrYld Nat MCap High Low Cod* Company Sate W- fOOO) High Low Myar SaBar Cw Wl Smli 2060 2000 6065 Diamonds US2060 2120 6095 ISDJUSTach US3740 6097 IS MSCI Spore US555 6101 IS S4PS00 US8270 ***** 9650 6170 SPORS US*****td
    69 words
  • 1835 30 -J*** I* Up Vol Day List Quote GrOrv Mv GrYM Net MCap High Low Codt Company Sale W- 000) Hgh Low Buyer Salar Cvr P« SnS 26 11-5 S000 ABRHIdgsSt 12.5 11.5 24) 42 16.3 2101 APOiISc 29.5 27.5 29 5 N9.1 0.8 114 31 46.5 15 1501
    1,835 words
  • 343 30 U-Wk Tel lift Vol Day LastQuote GrOtv Dtv GrVM Net MCap Wgh Lew Code Company Sele W- 000 High Low fciyer Seief Cw Wt Sm8 228 127 6000 AVJennings A25c A201cd -3 82 203 201 200 201 40 8.8 S 7.6 432.6 6001 CMhay Rac 20c HK720 265
    343 words

  • 1604 31 SICOM FUTURES j May 2: RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 04 236.55 Jul 04 234.75 Aug 04 235.25 Sep 04 234.50 Oct/Dec 04 233.25 Jan/Mar 05 235.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett
    1,604 words
  • Page 31 Advertisements
    • 203 31 Earn up to 20.5 s with a Citibank Premium Deposit. \j M JrF A jf* S V I I M Now available online. Only from Citibank. Citibank Premium Deposits give you higher interest rates than regular time deposits by pairing two currencies of your choice Choose from Singapore Dollar, Australian
      203 words

  • FROST & SULLIVAN TECHNOLOGY AWARDS
    • 452 32  -  A host of companies across the Asia-Pacific region are innovating products and services for the burgeoning telecom and convergence sector, says RAJU CHELLAM RAJU CHELLAM THE market for telecom and convergence is massive by any standards, and telcos are aiming to tap the huge opportunity in the
      452 words
    • 125 32 AWARD WINNERS CATEGORY YWiool Broadband Broadband service provider SJnqTM Optus Competitive service provider Korea Telecom Next generation service provider Wireless data service provider Smart Communications Irvc Wireless service provider Reliance InfoComm Most promising service provider Sunil MKtai, Bharti Enterprises CEO of the Year (service provider^ Singapore Telecom
      125 words
    • 629 32  -  By JEFF RATZLAFF MOBILITY is changing the way we live and the way we work. The enterprise space is certainly one of the exciting emerging areas in the world of mobility, as more companies begin to realise the gains of increased productivity and efficiency
      AFP  -  629 words
    • 709 32  -  By TOM CHEONG ARE call centres living up to their promise of building a vital communication link between businesses and their customers? They do only when they address issues that are of great concern to business enterprises. Some of the interactions performed by
      709 words
    • 840 34  -  Asia's telecom industry is realising it need not follow the US and Europe and is now taking the lead in the field, says MANOJ MENON MANOJ MENON THE Asian telecommunications industry has traditionally been a follower rather than a leader. During the "follow-the-exuberance" period in the
      AFP  -  840 words
    • 581 34  -  By LUCAS CHOW SINGAPORE Telecommunications was one of the first Singapore companies to invest in overseas markets. Those early forays gave the company a valuable learning experience on how to evaluate investments and acquisitions and how to work with partners. A key
      FILE PHOTO  -  581 words
    • 662 34  -  By FAZAL BAHARDEEN THE telecom sector has largely been driven by technology evolution and the current market structure reflects this historical focus. A typical enduser has a wireline service provider, a wireless service provider, an Internet service provider, etc. Each of
      662 words

  • Page 33 Advertisements
    • 193 33 Introducing SAS9. A revolutionary breakthrough. Built on nearly 30 years of SAS leadership, and backed by unparallel service and support, SAS*9 sets a new standard in integrated software offerings. Taking you beyond business intelligence as you know it to a higher level of decision making that transforms the way you
      193 words


  • Page 35 Advertisements
    • 136 35 AVAyA "Avaya has consistently achieved not only revenue growth but also market share growth. By constantly setting new benchmarks in technology innovation, Avaya more than deserve the Frost Sullivan Asia Pacific Technology Interaction CRM Vendor of the Year award." Frost Sullivan You can always count on Avaya and its Business
      136 words

  • EXECUTIVE Lifestyle
    • 1881 36  -  COVER STORY CORINNE KERK rounds up some businesses that are offering retail therapy in unusual places CORINNE KERK IN a tiny city-state where there's too much retail space (dominated by big players and chain stores), too little spent on local shopping and some say too much spent abroad,
      ARTHUR LEE; KELVIN CHNG/NEW PAPER  -  1,881 words
  • Page 36 Advertisements
    • 295 36 or or similar SI 496 2 Nights hotel accomodation with daily tvmkfut+l way airport-hotel transfer or vice versa ZURICH Hotel :NEUFELD or XTRA or similar $1,276 $U57 $1,250 2 '*9 hts hotd accomodation wfth daily breakfast +1 way airport-hotel transfer or vice versa PARIS Hotel: CHAMONIX or MADRID OPERA or
      295 words

  • Page 37 Advertisements
  • Page 37 Miscellaneous
    • 310 37 CRYPTIC CROSSWORD across distress? (9) 1 Dispatagesouthern Hit by a fishing boat (5) German states (7) 6 w th d bts 5 Make small talk to create 7 outstanding (3,6) a splash (7) 7 Absolute control over its 9 Current demand for damages wins huge Walk back to get a
      310 words

  • THE ARTS
    • 491 38  -  By Cheah Ui-Hoon THE contemporary dance scene would have missed out on an exciting choreographic talent, if not for the Asian regard for university degrees. It's certainly a case for the saying that parents know best when it comes to British-born dancer Akram Khan's dance career.
      ARTHUR LEE  -  491 words
    • 805 38  -  With more of other performances complementing the impressive lineup of the Singapore Arts Festival, arts lovers will be spoiled for choice, Cheah Ui-Hoon reckons Cheah Ui-Hoon JUNE has to be the pinnacle of the arts scene this year with 27 core arts productions squeezed into the
      805 words
    • 122 38 Cost-Tune-Mean May 28,6pm; May 29 30,2pm; June 1 2,6pm; and June 5 6,2pm at Citilink Mall Ballet Under The Stars Fort Canning Green June 4-6 and 11-13, 7.30pm, picnic from 5.30pm Tickets from Sistic, tel: 6348-5555 Jubilate Festival of Choir public concerts June 8-10, Bpm at the Singapore
      122 words
    • 70 38 In the article "Spanking New Show" last Friday, we quoted Haresh Sharma, resident playwright of The Necessary Stage incorrectly. We quoted him as saying: but not touring Revelations or One Hundred Years doesn't make a difference to us It should read: whether the production is labelled a world premiere
      70 words
  • Page 38 Advertisements
    • 175 38 Brought to you by: Partner: In Support of: We thank the sponsors: ffe (SH 4r J/Ki iwmmm OtySfJggl \mr GUNGHO S"W»* Where to wine, dine and entertain... »fN»dl^ Euro-Asian Buffet Special With A Touch Of Vietnamese Cuisine specially prepared by master chefs from Sofitel Plaza Hanoi 10-27 June 2004 Don't
      175 words
    • 66 38 -Realm? of Aaja«|lian^ Dal. Baati Lamb r jola Kebab. The 'LIVE' preparcjtionsjKxotk: favorites Wee the Raj Kocr XXi Will you Lunch Ss32-00 -M-+ p«r p*non. rangmah*l#hlnd.co«ug The Pan Pacific Hotel Level 3 7 Raffle* Boulevard Marina Square Singapore *****5 mm Savour the best of Captain's Table's Guangzhou specialities in our
      66 words
    • 73 38 Grand Sixty-Eight Course An endless lunch and dinner buffet with 68 outstanding Cantonese dishes prepared by master chef. Lunch: $28.80 (Adult), $17 (child) Dinner: $32.80 (Adult), $20 (Child) For reservations, please call 6432 5543/46. Minimum 3 persons Prices subject to 10% service charge govt, taxes Including GST GRAND PLAZA PARKROYAL
      73 words
    • 45 38 1 MERITUS MANDARIN SINGAPORE T B iff HIGH TEA AT NEW HEIGHTS Enjoy international favourites high-tea buffet. Adult: $26+++ Top Child: $16+++ wfife Reservations: 6831 6258/88 Revolving Restaurant pg "'or MERITUS mandarin 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      45 words

  • CINEMA/ENTERTAINMENT
    • 638 39  -  'Eternal Sunshine of the Spotless Mind' is a love story that tries a little too hard to be fashionably hip By Geoffrey Eu THE first 15 minutes or so of Eternal Sunshine of the Spotless Mind may lull unsuspecting moviegoers into believing that it falls
      FILE PHOTO  -  638 words
    • 372 39  -  By Geoffrey Eu FOR a super cool secret agent like James Bond, Tomorrow Never Comes, but for an environmentally concerned climatologist like Jack Hall, tomorrow and The Day After Tomorrow come around pretty quickly. Hall does get to be cool about as cool as the
      FILE PHOTO  -  372 words
    • Article, Illustration
      952 39 books Frozen by Richard Burke Frozen is BBC documentary writer Burke's brilliant debut novel about unrequited love, childhood memories, loss and betrayal. Harry has been in love with Verity since young, but the feeling was never reciprocated. Together with Adam, the trio were as kids inseparable, regularly fooling around
      952 words
  • Page 39 Advertisements
    • 111 39 I I In most popular outdoor arts i ciit in Sin<Mpoiv." g i A MM.ATOKI Jt IHI I K I m. y^ n 4 6 June 11 13 June 2004 Fort Canning Green, 7.30pm (Picnic from 5.30pm) above You to Know Danc^ I" the e*ent of '»n, ple.tse tune in
      111 words
    • 46 39 POLO RALPH LAUREN PLEASE JOIN US FOR OUR END OF SEASON SALE. SELECT MEN'S, WOMEN'S AND CHILDREN'S APPAREL, FOOTWEAR AND ACCESSORIES WILL BE GENEROUSLY REDUCED. POLO RALPH LAUREN PARAGON SUNTEC CITY MALL ISETAN SCOTTS TAKASHIMAYA RALPH LAUREN CHILDREN FORUM THE SHOPPING MALL SUNTEC CITY MALL TAKASHIMAYA
      46 words

  • 741 40  -  Making Time LARRY WEE introduces some of the gents' show-stoppers at this year's Swiss watch fairs LARRY WEE AS promised, we take great pleasure in presenting our readers with a first snapshot of new gents' watches from this year's Swiss watch fairs. We struggled to select
    741 words
  • Page 40 Advertisements
    • 52 40 SINCERE L.U.C WATCH SPECIALIST ilex v !i.,i!n;.iil, jik| S I 11 n i e i r 11.11 m' o 1 n f t!u- .in <>t nK-Ji.nik.il rimckccpiin;. <»nlv .11 Sincere I iiu- W.u dies, Hie W'.iuli Spivi.ilist. SINCERE f- w n t c n e s /f/s///, II I j
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    • 17 40 0 SINCERE fine watches This series is brought to you by Sincere Fine Watches I«t4 2M4 JUBILEE
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  • SHIPPING TIMES
    • 703 41  -  Slow rate of global certification disappoints Mitropoulos By Donald Urquhart [SINGAPORE] While praising Singapore and India for their full ISPS compliance by July 1, International Maritime Organisation (IMO) secretary-general Efthimios Mitropoulos said he was "very disappointed" at the slow rate of global
      703 words
    • 231 41 {SINGAPORE] Ships found to have stowaways on board after the July 1 deadline for International Ship and Port Facility Security Code implantation are likely to be automatically regarded by port states as not complying with the Code, warns North of England P&I
      231 words
    • 331 41  -  By Donald Urquhart [SINGAPORE] A strike at India's Chennai Container Terminal (CCT) has paralysed operations there, impacting a number of Singa-pore-based feeder lines and slowing cargo flows into and out of the P&O Ports terminal to a trickle. The strike has resulted in average
      FILE PHOTO  -  331 words
    • 473 41  -  It claims close links to US maritime jurisdiction By George Joseph [SINGAPORE] The newly established and up and coming maritime registry of the Caribbean island nation of the Commonwealth of Dominica is raising its profile and presence in Asia. It appointed
      473 words
    • 298 41 But a few ships still do not match int'l safety norms AFP [BERLIN] Travelling by car ferry has become safer but a few ships still do not match international safety norms, according to the results of a survey of European ferry companies. Out of
      AFP  -  298 words
    • 298 41 SGX '000 May 27 SS w- vo) CH Offshore .0.37 -0.01 34b Chuart Hup .0.50 0.01 72B Cosco Investment .0.79 0.02 ***** CWT Distribution 0.48 -0.01 7 Ezra Hldgs 0.96 -0.02 3 Freight Unks .0.10 unch 315 GB Holdings .0.81 0.06 440 Java Holdings 0.83 0.02 6497 K1
      298 words
    • 840 42  -  ADMIRALTY CASEBOOK By Selva Kumar THE Privy Council in the UK last week upheld a decision that a carrier could limit its liability to £5,500 without any reference to the value of gold even though the bill of lading incorporated the
      840 words
    • 188 42 PAGE Alianca 3 AAL 5 Avant 6 Bank Line 4 B'tang Mas 5 BSA 4 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 China Shpg 5 Confer 6 Crocodile Line ....A CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP
      188 words
    • 12482 47 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyege Telephone Name Number Number SIN Dest'n Name Name Number Num t>e r To ABIDJAN (ABJ) 2003 Cot* D'lvolra To CALCUTTA (CCU) 2062 India 04/06 08/07 CMA CGM APL EMERALD Oil 65-*****800 04/06 13/06 BTL XPRES
      12,482 words
    • SHIPS IN PORT
      • 535 49 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BT FADLI JAY *****4 J1 A/SIDE 28/05 0300 BT VIRGO *****4 J1 A/SIDE 28/05 0300 CITRA AGUNG JB4505 J5/6 A/SIDE 28/05 0500 KOBE QUEEN 104 J6 A/SIDE 28/05 1800 MAWATANGNGE PV332A J15/16 A/SIDE 28/05 0500 NOR MALABAR 417E J18/19
        535 words
      • 1651 49 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MARGUERI 031S 031S 1 30/05/2004-16:00 31/05/2004-07:00 ACX MARIGOLD 014N 014N 1 30/05/2004-14:00 31/05/2004-02:00 AKSOY TRUVA 0417 0416 1 30/05/2004-13:00 30/05/2004-21:00 AL ABDALI C288E C288E 1 29/05/2004-08:00 29/05/2004-20:00 ALAMJAYA 784N
        1,651 words
      • 141 49 May 30 Germany: Whit Sun. Netherlands: Whit Sun. Norway: Whit Sun. Switzerland: Whit Sun. May 31 Belgium: Whit Monday. Brunei: Anni Royal Brunei. France: Whit Monday. Germany: Whit Monday. Netherlands: Whit Monday. Norway: Whit Monday. Sweden: Whit Monday. Switzerland: Whit Monday. UK: Spring Bk Hoi. US: Memorial Day.
        141 words
      • 807 49 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
        807 words
      • 624 49 Carbon 180 Max 989.6 0.6 M.2 0.06 46 0.04 May 20 tensity Water Residue AshAlumlnlum Sediment No above E25 0 0 0 0 0 0 380 Ave 986.3 0.2 13.6 0.04 27 0.02 Eiion 380 Max 993.2 0.7 17.8 0.07 68 0.04 M/M'3 s H/u m/m
        624 words
    • AIR & LAND transport
      • 477 50 Airline will pay US$750m more this year than earlier planned for fuel Bloomberg [CHICAGO] United Airlines, the world's secondlargest carrier, may consider laying off more workers because of rising fuel prices, chief operating officer Peter McDonald said. The UAL Corp unit
        Bloomberg; BLOOMBERG FILE PHOTO  -  477 words
      • 71 50 [KAOHSIUNG, Taiwan] A carriagefor Taiwan's high-speed train being unloaded in the southern port city of Kaohsiung. The bullet trains, made by Japan's renowned Shinkansen, will travel at up to 300 kph, shortening the journey from the capital Taipei to Kaohsiung to less than 90 minutesfrom the
        REUTERS  -  71 words
      • LOG Book
        • 86 50 AFP [BEIJINGI US carrier Northwest Airlines will launch a route from China to Portland via Tokyo on June 10, and resume services to Hawaii via Los Angeles, Chinese state media reported yesterday. Frederic Deschamps, vice president of the company's International Department, was quoted as saying
          AFP  -  86 words
        • 97 50 Bloomberg [SEOUL] Korean Air Co, Asia's fifth-largest carrier by sales, said that it will increase airfares on domestic flights by up to 13 per cent in July in an effort to reduce rising costs from high fuel prices. Starting from July 16, ticket prices for
          Bloomberg  -  97 words
      • 180 50 Reuters [FRANKFURT] Deutsche Lufthansa is selling Chef Solutions, a US maker of ready meals that is part of its catering business, to US financial investor Questor Partners Fund 11, the German airline said yesterday. Chef Solutions, whose clients are retail and food companies,
        Reuters  -  180 words
      • 183 50 Reuters [ROME] The Italian government will underwrite bridging loans of up to 400 million euros (SsB3o million) to Alitalia, while banks could lend the airline more than that amount, sources close to the deal said. "The Treasury will guarantee up to 400 million
        Reuters  -  183 words
      • 310 50 But he says it's not competing on level playing field Bernama [MELBOURNE] Qantas Airways Ltd boss Geoff Dixon is buUish about the outlook for the aviation industry but says the airline is not competing on a level playing field. The industry was
        Bernama; FILE PHOTO  -  310 words
      • 343 50 US$150m contract signed with ABN Amro and Natexis AFP [HANOI] Vietnam Airlines said yesterday it has signed a US$l5O million financing contract with Dutch Bank ABN Amro and France's Natexis Banques Populates for the purchase of three Airbus A 321-200 aircraft. The three
        AFP; AFP FILE PHOTO  -  343 words
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  • Page 49 Miscellaneous
    • 127 49 .jl- lZ\ g REGIONAL WEATHER Lit FOR 7AM 28 May 2004 J" Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols Showers Fu circle w/o ,ine indicates calm or light and variable winds R a i n J One half fleche represents 5 knots Cloudy Day -One full fleche
      127 words