The Business Times, 1 July 2004

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Total Pages: 24
1 24 The Business Times
  • 17 1 850 NUT A (P) 023/03/2004 THE BUSINESS TIMES SINGAPORE I Internet. iiitp://business-times.asial .com.sg THURSDAY, JULY 1, 2004
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  • 917 1  -  Analysts estimate sales in primary market to have hit about 1,300 units By Kalpana Rashiwala [SINGAPORE] Developers have sold about 1,200 to 1,300 private homes in the second quarter, close to the take-up in Ql, according to estimates by property consultants.
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  • 606 1  -  June trading slumps 30% to just $10.5b from a year ago By Teh Hooi Ling [SINGAPORE] It takes a buyer and a seller to make a trade. But with no buyers to draw out sellers and no sellers to draw out buyers, June has turned
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  • 77 1 ST! 1,838.00 (+7.76) ST INDEX FUTURES 1,838.00 (+4.00) SIMSCI 223.80 (+0.73) SIMSCI FUTURES 224.20 (+0.40) Wednesday Change KLSE COMP 819.86 -3.42 NIKKEI 225 11,858.87 -1S4 HANG SENG 1£285.75 +169.45 SET INDEX 646.64 2.98 JAKARTA COMP 732.40 +10.11) MANILA COMP ._1.579.40 -655 TAIPEI WPI 5.839.44 +9752 SEOUL COMP 785.79 +7.07
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  • 77 1 FOREX RATES US* 8$ I'SS (SS per l T S$) 1.720 £(I'S$/S$ per 1.806 3.106 ELRO(l'S$/SS/E). lil 1 2.083 YEN 108.7 63.20 RM 3.800 2.209 HK$ 7.800 4.535 BAHT 40.97 23.82 Rl'PIAH 9,406 5.468 RENMINBI 8.277 4.812 INDIAN RUPEE 46 02 26.75 AS 1.449 0.842 XZ$ 1.586 0.922 PRIME
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  • 877 1  -  Ernst raises issue of company's ability to continue as a going concern By Wong Wei Kong [SINGAPORE] Informatics Holdings said last night that additional provisions for bad debts and writedowns have pushed its net loss for the year ended March 2004 to $42.5
    FILE PHOTO  -  877 words
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  • NEXT page
    • 669 2  -  Potential growth outlook is higher than govt's 3-5% estimate By Anna Teo [SINGAPORE] The International Monetary Fund has estimated Singapore's medi-um-term growth potential at 4 to 5 per cent slightly more sanguine than the Singapore government's own assessment of 3 to 5
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    • 501 2  -  EMA mulling diversifying supply, including using LNG By Tang Weng Fai [SINGAPORE] Extensive blackouts caused by the failure at a gas pumping station operated by US-based ConocoPhillips are likely to move faster down the path of alternative energy sources, including liquefied natural gas (LNG), in
      501 words
    • 703 2  -  Survey shows over 400 international firms did business with country in '03 From Shoeb Kagda in Jakarta THE 10-member Association of South-east Asian Nations (Asean) yesterday moved to avert a possible confrontation with the European Union over Myanmar's inclusion in an
      REUTERS  -  703 words
    • 282 2  -  It could own up to 30% of Aussie budget carrier By Ven Sreenivasan [SINGAPORE] It is not often that one hears of a smallish home-grown aircraft components and retrofitting specialist buying an airline company. But A-Sonic Aerospace is poised to do just that. The Singapore-listed
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    • 608 2  -  But with economy improving, don't expect low prices By Andrea Tan [SINGAPORE] The number of repossessed properties put up for auction hit an all-time high of 621 in the second quarter, according to Colliers International. The grim figure was a 7
      Source: Colliers International Singapore  -  608 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • SINGAPORE companies
    • 454 4  -  Meghmani Organics poised to become the first Indian firm to list on SGX By Taila Krishnakumar THE long wait for an Indian company to list on the Singapore main board may finally be over. Meghmani Organics, which makes pigments and pesticides, lodged a preliminary
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    • 433 4  -  Taiwan firm unable to meet its own business forecasts By Tang Weng Fai UNITED Test and Assembly Center's plans for a bigger chip-testing group that could rival ST Assembly and Test Services (Stats) took a blow yesterday as it now has to renegotiate
      433 words
    • 496 4  -  HOCK lock siew angela tan SINGAPORE Telecommunications ought to give itself a pat on the back for being the first listed company to try its best to meet the substance of good corporate governance and transparency, and not just the form. Already among the best
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  • Page 4 Advertisements
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    • 91 4 1 MERITUS MANDARIN SINGAPORE r GroundASEAN in 31 days July 2004 Wjp*' Take your tastebuds on a trip around ASEAN ""W with perennial favourites from ten countries. l This promotion is in conjunction with the ,f< inaugural Singapore Heritage Festival 2004. Tzg A High Tea 12noon to 4.30pm Weekdays: $24.80*
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  • Page 5 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      555 6  -  Compiled by VEN SREENIVASAN THE strong HlO4 net profit driven largely by increased contributions from the principal subsidiary acquired in April 2003, as well as higher product demand was in line with our forecasts. Despite the price volatility of PP resin, the core raw material used in the
      Source: Bloomberg  -  555 words
    • 287 6  -  HOT STOCK WARRANT By Ven Sreenivasan WITH the market showing signs of firming, albeit tentatively, analysts are advising clients with a three-month investment horizon to start accumulating value plays. Plastic injection-moulding component maker Fu Yu Corp is one such counter, with some
      Source: Bloomberg  -  287 words
    • 567 6  -  BT comment STOCKS r. sivanithy IT'S summer time and the US Federal Reserve is no longer easing. But this doesn't necessarily mean the "livin' ain't easy" any more. It all boils down to how much tightening is on the cards,
      Source: Bloomberg  -  567 words
    • 584 6  -  BT comment CURRENCIES Precise wording holds key to more gains but bigger picture is still not favourable larry wee A SERIES of US dollar-friendly factors earned the American currency a decent rebound in overnight trading, though Federal Reserve watchers warned that the wording of
      Source: Reuters  -  584 words
    • TRADES TO WATCH
      • 95 6 ELECTRONICS Group GP Industries continued to raise its stake in subsidiary CIH on Tuesday with an open-market purchase of 127,000 shares at $2,839 apiece. GP Industries, which controlled 54.62 per cent of electrical installations product supplier CIH at the end of May, now
        95 words
      • 46 6 SCHRODER Investment Management bought 136,000 shares in Venture Corp last Friday. This increased the fund manager's deemed stake in the electronics manufacturing service provider to 6.82 per cent from 6.77 per cent. Venture shares closed 20 cents higher at $18 yesterday.
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      • 48 6 WILLAS-ARRAY Electronics executive director Ching Tak Hon acquired 600,000 shares in the company by exercising options on Tuesday. This raised his direct stake in the electronic components distributor to 1.23 per cent from 1.04 per cent. Willas-Array shares closed unchanged at 21.5 cents yesterday.
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      • 57 6 A SUBSTANTIAL shareholder of TPV Technology, J P Morgan Chase and Co, pared its stake in the company yesterday by selling 10.8 million shares. This reduced its deemed interest in the monitor maker to 10.74 per cent from 11.53 per cent. TPV shares
        57 words
      • 54 6  -  Compiled by TAILA KRISHNAKUMAR ROTARY Engineering director Quek Wee Hong sold 100,000 shares in the company on Tuesday at 59.5 cents apiece. This reduced his direct stake in the oilfield engineering specialist to 0.12 per cent from 0.15 per cent. Rotary Engineering shares finished unchanged
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    • Article, Illustration
      422 6 OTHER SINGAPORE INDICES Jun 30 VALUE CLOSE BTOB/OS 13.00 -49.00 BT CADI -*****.00 -H5.00 BT 10-day MA -*****.00 -2.00 AH-SG Equities 490.48 +1.46 SG Equities Elect 166.05 +1.94 SG Equities Fin 1507.44 -3.57 SG Equities Prop 419.10 +2.98 SIMSCt 223.90 +0.73 SiMSCI Futures 224.20 +0.40 Stock Volume Jets Technics HK22c
      422 words
  • Page 6 Advertisements
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  • BLUE chips
    • 815 7  -  Stumbling marine group needs to show it can produce strong set of earnings, says WONG WEI KONG S WONG WEI KONG JUST when it was starting to win over investors and emerge from the shadows of rival conglomerate Keppel Corp, SembCorp Industries (SCI)
      Source: Bloomberg; FILE PHOTO  -  815 words
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    • 218 7 A usft Internet Would you 'surf' a website in Mandarin? wang luo (O W v i> ffIANOARIN fl r* iiilK-atfa li, > j~j, > <-■ \jr 'f "jt C', [BpMßj I ',x Vou shouldn't be loft 1 J»»r for ort, «n «3T<C T I ,f) ess news, S Pt Up
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  • Article, Illustration
    1287 8 Transaction date: Jun 30 amjRBAMK CROSS RATES AS C$ Rmfa Euro HK$ Ind Rs Ruplah Yen Won RH NZS Pak Rs Peso S$ Rand Sfr NTS Baht Pound US$ Australia 0.929 5.713 0.5T0 5.384 31.768 64.933 0.750 7.976 2.623 1.095 40.127 38.740 1.187 4.337 0.871 23.315 28.282 0.382 0.690
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  • 1609 8 SICOM FUTURES Jun30 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 04 237.75 Aug 04 234.25 Sep 04 232.50 Oct/Dec 04 230.00 Jan/Mar 05 ***** Apr/Jun 05 234.25 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnts) Interest
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  • SINGAPORE companies
    • 481 8  -  It posts net profit of $4.7m for FY2004 big turnaround from previous $2.4m loss By Uma Shankari MAINBOARD-LISTED Freight Links Express Holdings, which has undergone a debt restructuring exercise, yesterday proposed its first dividend in six years after it reported a net
      481 words
    • 204 9 AFP DEBT-RIDDEN Asia Pulp and Paper (APP) plans to file an exchange offer memorandum for its US bondholders to the US Securities and Exchange Commission (SEC) an executive at parent Sinar Mas Group said yesterday. "We also want to trace our bondholders
      AFP  -  204 words
    • COMPANY Briefs
      • 102 9 OCBC Bank's voluntary unconditional offer for Great Eastern Holdings (GEH) closed yesterday, with OCBC's shareholdings in the insurance group falling short of the 90 per cent that would allow it to take the insurer private. OCBC said its stake in GEH has risen to
        102 words
      • 129 9 IPCO International has slashed its net loss for the year ended April 30 to $10.1 million from $85.1 million for the previous year. The previous year's results included a provision of $81.7 million for impairment in value of investment in subsidiaries. Total revenues in FY04
        129 words
      • 64 9 NERA Telecommunications has entered into a supplementary agreement with Telkomsel in Indonesia to deliver, install, test and commission what is known as the SDH Microwave Radio System. The agreement has a value of about $5.8 million. As part of the agreement, Telkomsel awarded the
        64 words
      • 57 9 SEMBCORP Logistics has divested its entire 50 per cent stake in Transport Groupage International (HK) to TGI shareholder Eric Wu for HK$1.9 million (S$418,700). SembLog said that while TGI has been profitable over the years, its operations and limited capital could not add value
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      • 73 9 BEVERAGE group Yeo Hiap Seng said YHS (Singapore) has divested its entire 49 per cent stake in its Thai associated company, Serm Suk YHS Beverage Co, to Serm Suk Public Company, YHS's partner in the Thai joint venture. The consideration is 36 million baht
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      • 65 9 NOBLE Group, Asia's largest diversified commodity trader, has acquired a 51 per cent stake in Golden Harvest Co Ltd, in China's Jilin Province in a move to expand its grain division. Renamed Noble Harvest Co Ltd, the new entity will enable Noble to procure legume
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      • 79 9 SINGAPORE Technologies Kinetics STAR Automotive Centre has signed two memoranda of understanding (MOU) with Chinese companies Sinostride Technology Co Ltd (SST) and Pacific City International Holdings (PCI) to grow its commercial automotive business in China. The agreement with SST covers Jiangsu and Zhejiang while
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    • 535 9  -  Jianwei will take stake in Falmac, Litai will open office in S'pore By Jean Chua TWO Jiangsu-based building materials firms have moved to boost their presence in Singapore. The Jianwei Group will acquire part of troubled Falmac and Litai Group will open a
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    • 270 9  -  It's buying China clothing distributor for 32m renminbi By Loh Hui Yin CHINA-BASED Hongguo International, whose core activity is the design, manufacture and sales of ladies' shoes, has stepped into the world of fashion apparel. The mainboard-listed company has acquired Jiangsu Unity Corporation (JUC), an apparel
      FILE PHOTO  -  270 words
    • 258 9  -  By Samuel Ee LESS than a year after joining main-board-listed Straco Corporation, former top SBS Transit executive Phua Tin How has resigned as group president. Yesterday was his last day of service. He joined Straco late last year after leaving SBS Transit
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    • 261 9  -  By, Jean Chua WATER treatment specialist Hyflux has landed a $24 million contract to build a treatment plant in Shanxi province in Northern China. Hydrochem Engineering (Shanghai), wholly owned by mainboard-listed Hyflux, will provide a membranebased water treatment facility for a new manufacturing plant of
      261 words

  • Page 9 Advertisements
    • 31 9 E-mail Would you reply to one in Mandarin? dian you 4* lO" *y' >* < =—1 j\ $i* i x < MAN DAB IN fl J* r* J -> IQQSj JJL <t *--> laL I IPiMi.-J-.
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    • 1413 9 FISCHER TECH LTD NOTICE OF ANNUAL GENERAL MEETING AND NOTICE OF BOOKS CLOSURE DATE Notice is hereby given that the Annual General Meeting of the Company will be held on Friday, 16 July 2004 at 3.00 p.m. at Sheraton Towers Singapore, Amber Room, Level 2, Thirty-Nine Scotts Road, Singapore *****0
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  • EXECUTIVE suite
    • 436 10  -  VINCE CHONG finds out what market watchers think of the industrial landlord's performance in Q2 VINCE CHONG SINGAPORE'S biggest industrial landlord posted the highest take-up of land in five quarters, with this year's Q2 net allocation of '14.1 hectares representing an 85 per cent
      Source: JTC  -  436 words
    • 453 10  -  By Vince Chong ONE might have come away from a recent conference here on real estate investment trusts (Reits) thinking they were the best thing since sliced bread. Players, and indeed, pioneers in the local Reit industry expounded on the sector's virtues and growth potential.
      453 words
  • Page 10 Advertisements
    • 2167 10 11 TAT HONG HOLDINGS LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) ARBN 079 180 224 ROCB No. *****5392H NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Shareholders of TAT HONG HOLDINGS LTD (the "Company") will be held at 18 Sungei Kadut Avenue Singapore *****9 on Wednesday, 28
      2,167 words
    • 1057 10 EEHa I Prime Residential Land For Sale At MacKenzie Rd s /15/JI Near Orchard Road/Short walk to U /f Little India MRT Station U II Approx. 20,789 sq ft f "BP j Plot ratio 2.1 A/ F reeholcl Invitation for expressions of interest CBRE Tel: 6224 8181 cb richard ellis
      1,057 words
    • 186 10 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of JENTON OVERSEAS INVESTMENT PTE LTD (In Provisional Liquidation) NOTICE OF CREDITORS MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap.
      186 words

  • SINGAPORE news
    • 389 11  -  Revised ABS guidelines to call for closer tabs on customers, transactions By Kalpana Rashiwala THE Association of Banks in Singapore said yesterday it will soon issue revised guidelines to regulate financial institutions and fight money laundering and the funding of terrorism. The new guidelines
      389 words
    • 342 11  -  EYE on the economy tourism By Carolyn Quek THE tourism sector continues to surge and outperform its pre-Sars figures, with a 9 per cent increase in visitor arrivals to Singapore in May 2004 and improved hotel occupancy rates. As May 2003's figures were dragged
      342 words
    • 375 11  -  By Chuang Peck Ming AN enlarged European Union will be too preoccupied with putting its own house in order to care about others. That's what many in Asia think. Don't believe it, Chris Patten, the EU's Commissioner for External Relations, told members
      375 words
    • 390 11 Reuters OUTSTANDING loans in Singapore rose in May as manufacturers, builders and home buyers borrowed more, central bank data showed yesterday. Loans to non-bank customers rose 0.8 per cent to $174.3 billion, the Monetary Authority of Singapore said in a report. That followed a fall
      Reuters  -  390 words
    • 332 11  -  Australian group to use S'pore as a stepping stone By Genevieve Cua AUSTRALIAN financial advisory firm Professional Investment Advisory Services (PIAS) is on the lookout for acquisitions of other FA firms, signalling its commitment to its Singapore business. The group's chief executive
      332 words
  • Page 11 Advertisements
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  • EDITORIAL & opinion
    • 778 12  -  THE bottom line OPINION leon hadar THE invasion of Iraq and the ousting of Saddam Hussein have demonstrated the extent to which US global concerns have been transformed as a result of 9/11. While American policymakers and analysts were preoccupied during most of the prosperous
      778 words
    • 33 12 'I've never seen a movie get such a strong reaction. Everybody applauds at the end.' Rob Landerman manager of a cinema in conservative Austin, Texas, on Michael Moore's 'Fahrenheit 9/11
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    • 661 12 EDITORIAL DESPITE being faced with an initial public offer (IPO) market that has been weak for several months, underwriters maintain a brave front In interviews over the past week, all still speak glowingly of the sector's prospects, preferring to ascribe the current softness to various non-IPO-related
      661 words
    • 1307 12  -  There are unique factors at work here. Also, total factor productivity makes more sense when read as a period average rather than year to year By Anna Teo [SINGAPORE] Once upon a time, Singapore was regularly feted for its productivity track
      FILE PHOTO  -  1,307 words
  • Page 12 Miscellaneous
    • 172 12 CRYPTIC CROSSWORD 31 j YESTERDAY'S SOLUTION spondence (6) trainees after a pound, Across: 1 Hammocks, 9 ProdinnwN ic gal, 10 Maps, 11 Second per15 Change the positioning back, on 13 Reprisa 15 mgest, 16 1 A survey undertaken by peo- given latitude (9 d -.7 Putts ip Turn 20 16
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  • REGIONAL news
    • 422 13 JAKARTA Bloomberg PT BANK Central Asia, Indonesia's second-largest lender, may enter a bidding contest for PT Bank Permata, valued at 7.5 trillion rupiah (Ssl.4 billion), because it is the only major lender left to be sold by the government. "Permata is probably
      Bloomberg  -  422 words
    • 334 13  -  By Loh Hui Yin [SINGAPORE] Temasek Holdings, which has already bought into banks in Indonesia, India and South Korea, is not negotiating for a stake in Taiwan's Fubon Financial Holding Co one of the island's biggest lenders. A Temasek spokesman refused to
      334 words
    • 467 13  -  High oil price and expansion of businesses key contributing factors From Eddie Toh in Kuala Lumpur PETROLIAM Nasional (Petronas) yesterday posted its best results since it was set up 30 years ago as Malaysia's national oil corporation. The nation's biggest
      467 words
    • 220 13 JAKARTA Reuters INDONESIA has given Malaysian state oil and gas firm Petronas a licence to sell oil products in the country and is still processing a permit for BP pic, a mines and energy official said on Tuesday. "We issued a licence in principle
      Reuters  -  220 words
    • 468 13  -  MANILA Govt will improve tax collection, cut spending, she says From Al Labita in Manila PHILIPPINE president Gloria Arroyo promised yesterday to improve tax collection and cut government spending to rein in a runaway budget deficit that is blamed for a looming debt
      REUTERS  -  468 words
    • 253 13 HONG KONG Reuters CHINA'S Cinda Asset Management will buy U5533.7 billion of bad loans from Bank of China and China Construction Bank as the state-run lenders clean up their balance sheets to enable stock listings by the end of 2005. Bank of China and
      Reuters  -  253 words
    • NOTE Book
      • 106 13 Bloomberg [BANGKOK] Thailand's central bank is "closely" monitoring lending to the nation's property developers in a bid to avert an economic and financial crisis like the one in 1997, governor Pridiyathorn Devakula (right) said. The central bank has asked one bank to classify half of
        Bloomberg; BLOOMBERG  -  106 words
      • 96 13 AFP [HANOI] More than 3,000 chickens have tested positive for avian influenza or been culled in Vietnam after a fresh outbreak of the killer virus that hit the country earlier this year, officials said yesterday. Nguyen Phuc Tai, director of the veterinary department in
        AFP  -  96 words
      • 139 13 Reuters [BEIJING] A disgraced former president of China's now-defunct Guangdong International Trust and Investment Corp (Gitic) has been jailed for 14 years for fraud in one of the country's most notorious financial scandals. The People's Intermediate Court in the southern city of Guangzhou convicted Huang
        Reuters  -  139 words
      • 89 13 Bloomberg [JAKARTA] PT Telekomunikasi Indonesia, the nation's No 1 phone company, published,its 2003 audited earnings three months later than required, saying profit dropped almost a fourth because it lacked the one-time gains it enjoyed in 2002. Net income last year fell 24 per cent to 6.09
        Bloomberg  -  89 words
      • 101 13 Bloomberg [TAIPEI] Infineon Technologies, Europe's largest maker of computer memory chips, and Nanya Technology Corp of Taiwan are building the world's largest 12-inch semiconductor plant, Nanya president Charles Kau said. "By the middle of next year we'll have installed capacity 0f54,*****-inch wafers a month,"
        Bloomberg  -  101 words
      • 82 13 AFP [NEW DELHI] India's economy grew 8.2 per cent in the year to March 2004 compared with 4.0 per cent the previous year, according to government figures released yesterday. The achievement, which puts India among the world's fastest growing economies, was possible due to good
        AFP  -  82 words
      • 122 13 Bloomberg [HONG KONG] Billionaire Li Ka-shing's Tom Group, a publishing and Internet company, has won approval from the Hong Kong Stock Exchange to move its listing to the main board from the Growth Enterprise Market (GEM). The stock jumped as much as
        Bloomberg  -  122 words
      • 83 13 Reuters [BANGKOK] Record Thai exports in May brightened economic data, helping the country move into a trade surplus after two straight months of rare deficits, the Bank of Thailand (BOT) said yesterday. Exports surged to a record U557.95 billion in May, 21.7 per
        Reuters  -  83 words
    • 457 13 HONG KONG Reuters [HONG KONG] Hutchison Whampoa Ltd is eyeing an October IPO worth up to US$2 billion in Hong Kong and New York for its emerging markets telecoms business, sources familiar with the situation said yesterday. Hutchison, an avid trader of
      Reuters  -  457 words

  • WORLD news
    • 428 14 PRAGUE Growth to top 20% a year to reach US$80bb by 2008: consultant Reuters WORLDWIDE sales of generic drugs will grow by more than 20 per cent a year to reach US$BO billion by 2008 as health providers increasingly turn to cheaper unpatented medicines,
      Reuters  -  428 words
    • WORLD Watch
      • 96 14 Reuters [BERLIN] A raft of new government regulations will push America's potential growth rate as low as 3 per cent, from about 3.7 per cent, said Gail Fosler, chief economist of the Conference Board, a US business and research group. In an interview with
        Reuters  -  96 words
      • 68 14 Reuters [WASHINGTON] US mortgage finance provider Freddie Mac, struggling to straighten out its books and its reputation after an accounting scandal, yesterday reported its 2003 profit fell 52 per cent. It earned US$4.9 billion, or U556.79 per share, down from US$lO.l billion, or US$l4.lB
        Reuters  -  68 words
      • 66 14 Reuters [HELSINKI] Nokia will delist its shares from the Paris Stock Exchange due to limited liquidity, the world's largest mobile phone maker said yesterday. "For several years the liquidity of Nokia shares has been very limited on the Paris Exchange, currently representing less than
        Reuters  -  66 words
      • 94 14 Bloomberg [TOKYO] Japan will enforce a law enabling the government to provide as much as two trillion yen (5531.6 billion) to bail out the nation's lenders from Aug 1, the Financial Services Agency said yesterday. The law, which gives the government more
        Bloomberg  -  94 words
      • 68 14 Reuters [LONDON] Virgin Mobile, the British-based mobile phone arm of Richard Branson's Virgin Group music-to-airlines empire, said yesterday it planned to make a long-awaited market debut in London in July. Britain's fifth-ranked mobile group, expected to be valued at £1.0 billion (Ss3.l billion), said
        Reuters  -  68 words
    • 319 14 LATEST US INDICATORS Reuters, AFP [CHICAGO] The pace of expansion in business activity in the US Mid-west slowed sharply and unexpectedly in June, hit by weakness in the automobile sector. Meanwhile, the Big Apple's economy improved for the 10th straight month in June, though
      Reuters,; AFP  -  319 words
    • 244 14 P x [WASHINGTON] A colourful new US$5O bill with touches of red, blue and yellow will start showing up in banks, cash registers and wallets this fall. Tom Ferguson, director of the Bureau of Engraving and Printing, said the new bill, the second denomination
      P  -  244 words
    • 131 14 Bloomberg [NEW YORK] Time Warner Inc, the world's largest media company, may make an offer to buy Kirk Kerkorian's Metro-Goldwyn-May-er Inc film studio in the next two weeks, Daily Variety reported on Tuesday. Time Warner has indicated it won't pay the US$5 billion
      Bloomberg  -  131 words
    • 382 14 PARIS AFP FRENCH-ITALIAN semiconductor maker STMicroelectronics said on Tuesday it is in talks with Korean partner Hynix Semiconductors about building a joint fabrication plant in China. Confirming a statement by STMicro's chief executive Pasquale Pistorio in Brussels earlier on Tuesday, the
      AFP  -  382 words
    • 445 15 WASHINGTON It's the second such threat to users of financial services sites in a week LAT-WP COMPUTER security experts warned on Tuesday of another new Internet threat circulating the Web that can steal the password and account information of users who
      LAT-WP; AFP  -  445 words
    • 393 15 Marks Spencer saga takes new twist AFP [LONDON] The plot surrounding a takeover battle for Marks and Spencer and a controversial share purchase by its chief executive Stuart Rose thickened yesterday amid reports that an impostor may have spied on his mobile telephone records. Mr Rose was questioned on Tuesday
      AFP  -  393 words
  • 4884 14 i Transaction date: Jun 30 HONG KONG Vol HK Exchanges ft Clearing .16.00 0.30 7135 HKS ♦<- HOP HKRInfl .2.43 0.03 1654 J Hong Kong Electric 32.30 -0.20 4374 Aeon Credit— .4.60 -0.03 16 Hongkong Chinese 0.93 unch 320 Aeon Stores 5.40 0.10 402 Hopewell Holdings 15.70 0
    4,884 words

  • 6943 15 Transaction date: Jun 30 52-Wk Td last Vol Day last Quote GrOiv Wv GrYW Net MCap High low Code Company Salt COOP) High low Buy* SoMar Cw W W 25.5 6 5716 1stSoftware5c 11.5 unch 5820 12 11 11 11.5 456 57.9 32.9 5834 A-Sonk5c 39 +4 297
    6,943 words
  • 1832 15 52-4* M IM Ml out MOM firow C*r GrYU <M MCjd l— cadi C !!■»■!I H«t *4- cm H>» Uw tm/m i+m CVr W W 26 123 MOO AM HtdgsSIC Ml 12i 1U I 42 JO 21(11 A/Onfe. 29 -0) 29 255 29 29 10 5 749 1
    1,832 words
  • 64 15 9-M TM Urn V* On LMOHM Srt* U* GrYU M MCa n»u»cm ri——> w w- r»w> n» u» m« cw w »3 MO AM COB Oiwnorek UHOOol J130 ttn iSDJIKTecti US3740 COW IS MSG Spot* USSR <19 SSMC UMZJM- "WOUiOO m <T*« 1****** "110 wt i« rrirtr ioo
    64 words
  • 329 15 U-Wk T«* Lafft Vat Day lalQnto CV GrtM NM MCas I—I L— C*<» ftl Mi pW» I— 5** Cur K fcj U« 142 tm AVXnmngtAHc AtfTcri -1 »»7 196 196 197 *4 '06 5 6 62 424 800' OmjyPKiCc HK720 265 21 7 4 6 24*62 SOS OiaungKonoSOc
    329 words

  • BizIT
    • 567 16  -  SMS marketing firm to invest $15m to extend reach into region, reports Tang Weng Fai Tang Weng Fai SMS marketing company Mobileway is sinking $15 million here over the next three years to expand its Asian footprint. The company is working, in particular,
      AFP  -  567 words
    • 483 16  -  Web services seen generating $125m in revenue By Chen Huifen WEB services adoption is clearly gaining ground in Singapore, with existing Web services projects expected to generate some $125 million in infocomm revenues over the next two to three years, the Infocomm
      483 words
    • 193 16 Bloomberg [TOKYO] Japanese Internet users with high-speed service outnumber subscribers with slower dial-up connections, making it easier for companies like Sony Corp to distribute music, video and games online. The number of Internet users with so-called broadband connections jumped 39 per cent to
      Bloomberg  -  193 words
  • 2373 16 Transaction date.Jun 30 KUALA LUMPUR Genting 15.30 unch 542 Vo l George Kent 0.80 unch 0 RM (*000) Globetronics Tech 0.52 unch 2401 Glomac Bhd 2.25 unch 419 ASM Realty 1.32 -0.03 37 Gold Bridge Engrg 0.38 0.02 255 Abric .0.64 0.03 16 Golden Frontier 0.74 -0.02 28 ACP
    2,373 words
  • 707 16 Transaction (iate:,Jun 30 fr**"— ow a—»| m ow a—» Altgreen 50c 0.29 0.965 +0.040 NOL 1.82 2.360 «OMO MLIntlUS20c 0.38 0.745 OCBC 934 12.100 0.100 CapitaLand 1.00 1370 40.030 Partway H 25c 057 1.120 Chart SemiCond 26c 1.16 1.400 *0.030 People's Food HK50c 0.37 1.130 +0.020 City Dev 50c
    707 words
  • 826 16 BONDS WARRANTS 1* last Vol Com Eur Obc GMr-'fttths Cod« Conpaoy Sate ♦Of jjjj| htio Mo log Left ABN f*****3S ADBn1.845 %*****5S 3779 ASL Marine HldgsW*****1 13.S 1 S3 33 3.70 46 3697 AcmaLtdW*****6 .0.5 1 50 677 13.00 5 3602 Amtek W*****0 .78.5 unch 30 1 33 -2 1.45
    826 words

  • SHIPPING TIMES
    • 791 17  -  IMO expects no major trade disruption; US sees smooth oil flow By Donald Urquhart [SINGAPORE] The most significant post-world war global security measures for the shipping industry fall into place today, leaving the industry on tenterhooks as to what impact the thousands of non-compliant
      REUTERS  -  791 words
    • 238 17 AP [SHANGHAI] Chinese port authorities staged joint land, air and sea anti-terror exercises in preparation for beefed up security measures at many ports worldwide, including Shanghai. The weekend anti-terror drills began with a mock emergency involving terrorists hiding inside a container ship berthed at Shanghai's
      AP  -  238 words
    • 290 17 SGX 000 Jun 30 SS *1- Vol CH Offshore 0.37 -0.01 640 Chuan Hup .0.51 unch 673 Cosco Investment 0.78 unch ***** CWT Distribution 0.49 unch 12 Ezra Hldgs 1.00 0.05 252 Freight Links 0.11 0.01 2223 GB Holdings 0.88 0.02 80 Jaya Holdings 0.83 0.02 4114 K1
      290 words
    • 309 17 Pollution fears allayed as tanks appear undamaged Reuters [HAMBURG] A tanker carrying 960 tonnes of sulphuric acid capsized after a collision with a container ship in the German port of Hamburg, injuring 11 people and causing a pollution scare. Nine dock workers and two
      Reuters  -  309 words
    • 147 17 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, reported a 58 per cent increase in profit in May as it booked more earnings on liquified natural gas and other pricier vessels. Net income rose to 53.5 billion won (5579.5 million) in
      Bloomberg  -  147 words
    • 442 17 Attacks iip 20% at 445 last year, second-highest in over a decade Bloomberg [KUALA LUMPUR] Armed pirates disguised as customs officials were prevented by the Philippines Navy from attacking a ship in the Sulu Sea on Wednesday last week, the International Maritime
      Bloomberg; REUTERS  -  442 words
    • 763 18  -  NEWBUILDS By David Hughes ONCE again the number of actual orders is small though rumours of impending big contracts abound. The pattern of the orders that have been reported does, though, say something about the current newbuilding scene. Small vessels are
      REUTERS FILE PHOTO  -  763 words
    • 105 18 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tangMas 3 CMACGM 3 COSCO 3 China Shpg 4 Crocodile Line ....4 Delmas 4 Dongnama 3 Eukor 2 ECL 3 Foong Sun 4 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 IRISL 5 Kyowa 5 KMTC 3
      105 words
    • 8402 21 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dast'n Name Nafn Number Number SIN Dest'n Name Name Number Number 31/07 15/09 WWL TARONGA AF415 65-*****033 To ABIDJAN (ABJ) 2003 Cote D'lvoire To BANDAR ABBAS (BND) 2036 Iran 10/07 29/07 CMA CGM
      8,402 words
    • SHIPS IN PORT
      • 473 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI PURPOSE TERMINAL BAYSWATER338 E4158 J3 A/SIDE 01/06 0200 BROTHER SKY 20 J5/6 A/SIDE 01/06 0600 CAPE CHARLES LB067 J18/19 A/SIDE 01/06 0200 C5AVRIORAPEL *****S J16/17 A/SIDE 01/06 0100 DIMAZARIANTO 407 J15/16 A/SIDE 01/06 0800 MARC0POLO48 04/04J J12 A/SIDE 01/06 1800
        473 words
      • 1727 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name < Voy Voy seq berthing Nmbr ACX MARGUERI 032N 032N 1 02/07/2004-04:00 02/07/2004-18:00 B06 ACX MIMOSA 001S 001S 1 04/07/2004-15:00 05/07/2004-07:00 ACX SWAN 103N 103N 1 03/07/2004-15:00 04/07/2004-01:00 ALAMJAYA 2 8902 N 8902N 1 04/07/2004-09:00
        1,727 words
      • 575 23 Carbon 180 Max 976.5 0.3 14.3 0.03 24 0.01 Jun 24 Density Hater Residue AshAlumlnlum Sediment No above E25 0 0 0 0 0 0 380 Ave 987.3 0.2 13.7 0.04 26 0.02 t„o(i 380 Max 991.9 0.5 17.2 0.06 49 0.07 K6/W3 v/v M/M M/M
        575 words
      • 98 23 Jul 1 Canada:Canada Day. HK HK Spe Adminis. Jul 4 USA: Independence Day. Jul 14 France: National Day Jul 15 Brunei: HM The Sultan's Birthd Julia SKorea: Constitution Day. Jul 19 Japan: Marine Day Malaysia: Agung Binhday. Jul 21 Belgium: Belgian Nat Day. Aufl Switzerland: National Day. Auk
        98 words
      • 819 23 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
        819 words
    • AIR & LAND transport
      • 657 24 More US carriers seen negotiating further wage cuts with workers Bloomberg [CHICAGO] United Airlines' failure to win federal backing for a US$2 billion loan may make it easier for competitors like Delta Air Lines and US Airways Group to wrest wage
        Bloomberg; AP FILE PHOTO  -  657 words
      • 402 24  -  By Chia T-Chien IsiiNiiAruKUj A lashion industry services specialist and the cargo arm of German carrier Lufthansa have launched a fashion goods express service to Asia. Customers in Singapore, Hong Kong, Shanghai and Jakarta can now have fashion goods from Germany delivered
        402 words
      • 192 24 AFP [NEW DELHI] Indian business group Wadia is joining a growing queue of companies wanting to launch a low-cost domestic airline, the Economic Times reported yesterday. The paper said the group has sought permission from India's aviation regulator to launch a low-cost carrier with a
        AFP  -  192 words
      • 216 24 Bloomberg [BANGKOK] Thai Airways International pel filled more of the available seats on its planes in May than a year earlier as travel demand in Asia recovered from last year's Sars outbreak. Thai Air filled 64.7 per cent of its seats with paying
        Bloomberg  -  216 words
      • 116 24 Reuters [MOSCOW] Russian flag carrier Aeroflot plans to spend US$6OO million in the next six years on buying new planes for its mediumrange aircraft fleet, Vedomosti business daily reported yesterday. Currently state-owned Aeroflot, which carried 5.8 million passengers in 2003, operates 93
        Reuters  -  116 words
      • Article, Illustration
        54 24 [SINGAPORE] Comic superhero Spiderman gestures as he scales the 80-metre high air traffic control tower at Changi Airport in Singapore yesterday. This first-ever stunt show at the tower was organised in conjunction with special performances aimed at not only promoting the movie Spiderman 2 but also entertaining travellers
        AFP  -  54 words
      • 2179 24 CITY FLIGHT ETA FLIGHT ETD S0425 1215 EK431 0325 AdlUHl LH9T71 1840 BA7382 2215 EK404 1405 S0426 1300 $0230 1840 0F82 2215 "348 1650 S0428 2325 Amttrtm S0323 061S 6A974 0130 EM30 2005 KL837 1450 KL838 2255 Frankfurt AC9951 0630 LH9765 1405 $0324 2345 LH9762 0630
        2,179 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 629 18 IMPORT I NPRTHAMERKA [1 1 AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (BSX) AUSTRALU> excess 1 WHU w 1» m m 1 HI M ln I o I w I in I I s »/»> it/., ii/nt is/ot »/o njifwir OOCL HAMBURG 03W25 23/06 11/07 13/07 PIO NEDUOYD HOUTMAH 13W1. M/« l*/07
      629 words
    • 511 18 Lines services represented by >££2, Singopore Snipping Association ULY UNE MALI f VESSEL VOY ETA ETA HA A P. KLANG SPORE WALE Maid Carrier 748 08/07 11/07 21/07 Princess Uly 0504 16/07 18/07 27/07 Maid Star 550 18/07 21/07 31/07 111 1 I J ULY MARINE SERVICES PTE LTD No.
      511 words

  • Page 19 Advertisements
    • 1044 19 ■BTMKSH MOl Combines a range of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also accapt Intro-Asia Cargoes to: BUSAH KWANGYANG SHANGHAI YAMIAN XIAMEN QMGDAO BELAWAN JAKARTA SURABAYA KAOHSRJNG BANGKOK LA£M CHABAMG KXMMINH PASW GUDAKG KMAMC POCT KHAMG For Schedules,
      1,044 words
    • 1589 19 iUSSSS? 1 SALES/BKGS TEL 6420 5857/43 FAX: *****321/24 COSTAR SHIPPING PTE LTD OUTWARD(B/IJ *****802 *****325/75 REGNO. *****1787G TEL 6226 1 900(MAIN) *****825 SSSS JOHOR'S OFFICE: C* NO: **********0 M CONWWTIONA, tZul COSTAR AGENCIES (U) SDN BHD TEL 07-353 8166 FAX: 07-353 8170 CONVENTIONAL *****850 *****208 MONTHLY DIRECT CONTAINERISED SERVICE TO
      1,589 words

  • Page 20 Advertisements
    • 1794 20 WX WAN HAI LINES Tel: 6226 1588 Fax; *****163 INTRODUCING:- NEW WEEKU|P(PRBB&BftyiCE TO: EURO! ROTTERDAM HAMBURG ANTWERP J"' t >■ x CALLING SIN EVERY Saturday I P J'V For more details, call HOTLINE: 6226 1568/ 1800-*****00 rfa 9. H s "'f P' n °.9° ntainerlines c LTD W*WWW VANCOUVBI (WID
      1,794 words
    • 785 20 BSA x ~%grn amm MYANMA ■R FIVE STAR LINE (Myanmar National Una) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 328W SU) HPA-AN 320W SLD SLD IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTINfI CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKI KUC CKYSTAL
      785 words

  • Page 21 Advertisements
    • 459 21 VISSIL VOY SIN PKI KARACHI PXB BAB DMM BIK KHOttRAMSHAHR 1 IRAN SATTARI PCL 8037 11/07 12/07 19/07 22/07 23/07 28/07 30/07 03/08 IRAN KORDESTAN PCI 8038 19/07 20/07 27/07 30/07 31/07 08/08 10/08 14/08 IRAN SHAHRYAR PCL 8039 2S/07 26/07 02/08 03/08 06/08 13/08 15/08 19/08 IRAN SATTARI PCL
      459 words
    • 286 21 i IFFI I UK CONTINENT SERVICE Loading for ANTONIS RTM/ATW/BMN/UK/NAN starly rtm/atw/bmn/uk/nan Loads Singapore. E7W. Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT ADN/HDD/JDH/AQA P LAMER DBI/ABU/DOH/BRN/DMM/KWT AMARYLLIS DBI/ABU/DOH/BRN/DMM/KWT GOLDEN SUN ADN/HDD/JDH/AQA •Loads Singapore. E7W. Malaysia. Indonesia USA SERVICE Loading for SIFNOS BAY CAM/NOL/NFK/SAV/TPC TAUROA POINT VCW/LAX/MZL
      286 words
    • 276 21 m m pou Yism saa n PAC lANDA JMIN n/06 29/06 MATAMMKP Mil 2SZfI4 UM PAC lANDA 1242N 30/06 01/07 fAC lIKTAH S2S4 QIM MM PAC lANDA 1243N 01/07 02/07 MAMIIYI BSQ3 MM OZ/OZ PAC lANDA 1244N CT Q4/oT~ MATARAM tXP 3012 06/07 _M/gZ_ PAC ianda 1212 M mm Qi/o
      276 words


  • Page 23 Miscellaneous
    • 113 23 —> Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols "v 7 Showers Full circle w/o line indicates calm or light and variable winds R a j n 1 One half fleche represents 5 knots Cloudy Day —One full fleche represents 10 knots ix Hazy A One solid triangle
      113 words