The Business Times, 24 April 2003

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Total Pages: 24
1 24 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 024/03^2003 Hucrr.ei: http://business-times.asial com.sg SINGAPORE THURSDAY, APRIL 24, 2003 86#
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  • 510 1  -  Investigators' visit believed to be over nnnsual trading activity in firm's stock By Ven Sreenivasan [SINGAPORE] It had to happen sooner or later, but the fact that it took so long baffled many market watchers. The shares of property and construction
    Source: Reuters  -  510 words
  • 568 1  -  Local players go from big-time to small-time as HK and UK investors move in From Eddie Toh in Kuala Lumpur SINGAPORE stock market players, who have long been the dominant force in Malaysia, are now dwarfed by investors from Hong Kong and the
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  • 56 1 Inflow of foreign portfolio funds IMS 19— I 1W7 I 1W 19W 2000 2001 2008 RMbUn 52.15 7020 75.37 22JH 118.16 116.07 7.53 11.00 Hons KOflfl 24.11 41.70 4223 17.48 j 8.47 17.15 8.70 13.88 UK 12.30 17.65 20.65 6.87 5.86 8.16 7.56 12.03 US 13.78 8.87 9.88
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  • 501 1  -  Mazis boss going head-to-head against Telekom Malaysia From I Shoeb Kagda in Jakarta MALAYSIAN tycoon Ananda Krishnan has entered the fray in the bidding for Indonesia's third largest cellular phone operator, PT Excelcomindo Pratama, but it remains unclear how the
    NSTP  -  501 words
  • 70 1 STI 1,2—0S (-8.29) ST INDEX FUTURES (-10.00) SIMSCI FUTURES 154.70 (-0.90) Wednesday Change KLSECOMP 629.62 3.37 NIKKEI 225 7.***** +192 HANG SENG 8.5196(1 -5131 SET INDEX 375.39 -358 JAKARTA COMP *47.68 +4 94 MANILA ('(IMP ..1.083.88 33.24 TAIPEI WPI 4.***** +8.83 SEOUL COMP 598.09 -5.23 SHENZHEN B 217.15 -309
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  • 77 1 FOREX RATES us$ s$ ISS (SS per ISS) 1.777 £(ISS/SS per 1574 1798 El"RO(TS$/SS/E) 1.096 1.947 YEN 120.1 6760 RM 3.800 1138 HKS 7.800 4.389 BAHT 4174 24.05 Rl'PIAH 8.745 4.920 RENMINBI 8199 4.670 INDIAN RITEE 47,13 2663 PRIME RATES SINGAPORE* 5.25 Kl ALA LI "M PVR «40 HONG
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  • 629 1  -  It cites spread of Sars, uncertain post-war recovery From] Ravi Kanth in Geneva THE World Trade Organization yesterday warned that prospects for global trade this year are "clouded" because of the spreading Sars infection and uncertain post-Iraq war recovery in the Middle East.
    AFP  -  629 words
  • Page 1 Advertisements

  • NEXT page
    • 636 2 Govt aid includes tax cuts and loans, but analysts doubt it'll have much impact on economy Reuters, AP, Bloomberg [HONG KONG] Hong Kong yesterday unveiled a HKIII.B billion (552.69 billion) emergency economic package the region's biggest so far to ease the impact of the
      Reuters,; AP,; Bloomberg  -  636 words
    • 445 2  -  Many homeowners reaching the end of their lock-in period By\ Siow Li Sen [SINGAPORE] ABN Amro yesterday fired the first salvo in what bankers say is likely to be a fresh outbreak of a price war among lenders for refinancing home loans,
      445 words
    • 593 2  -  Frontline Tech boss makes personal donation, Amtek throws in $10,000 By. Daniel Buenas [SINGAPORE] Companies and business leaders are coming together to show their support for those afflicted by Sars, with thousands of dollars of pledges and donations pouring into the Citibank-The Business
      593 words
    • ON THE grapevine
      • 115 2 IF you can't find a job the conventional way, try some negative publicity, as a jobless Swede, Angelika Wed berg, 30, did. After repeatedly trying, she posted an ad in the regional daily Goteborgs-Posten: "I want a well-paid job. I have no
        115 words
      • 99 2 US ACADEMIC Burton Malkiel's claim to flame is his classic book A Random Walk Down Wall Street, in which he argues against active money management and in favour of simply buying the index. In a recent interview he reiterated that stance, saying the number of fund
        99 words
  • Page 2 Advertisements
    • 823 2 t -N cwr CWT DISTRIBUTION LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at CWT Board Room, 24 Jurong Port Road, #03-00 Office Block, CWT Distripark (HQ), Singapore *****7 on 16
      823 words
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  • Page 3 Advertisements
    • 275 3 li i your 30-somolhii u i years ol lile have you evei really, truly lived? 0 >* a) ...or...whal's liviiuj? I'm too searec i h I'm toady lo live il 11|). I '**mm *mrn i ;fo has awa\ ot toeoqnistno cotnano. Dat inq. onoii i\ fV j lv\i< raid'. with
      275 words

  • SARS OUTBREAK
    • 368 4 AYA orgjes public to resist panic buying and hoarding [SINGAPORE] The Agri-Food Veterinary Authority of Singapore yesterday said vegetable supply in Singapore has "rebounded to above normal supply levels". Advising consumers to resist panic buying and hoarding, it said that from 3 pm Tuesday
      368 words
    • 404 4 Sars may cause 2-5% dip in growth: analysts Reuters [SINGAPORE] China's rampant economy may be stalling as the Sars virus spreads and the country's growing importance as a regional economic engine means the rest of Asia may be dragged down with it. Citigroup
      Reuters  -  404 words
    • 381 4 Reuters, AFP, AP, Bloomberg [BEIJING] Travellers wearing white masks thronged Beijing's railway stations yesterday, desperate to flee the Chinese capital where the government ordered schools closed to control the soaring number of Severe Acute Respiratory Syndrome (Sars) infections. The World Health Organisation (WHO) also
      Reuters,; AFP,; AP,; Bloomberg  -  381 words
  • Page 4 Advertisements
    • 791 4 EE 9a SembCorp Industries SEMBCORP INDUSTRIES LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Fifth Annual General Meeting of the Company will be held at The Theatrette, 60 Admiralty Road West, Singapore *****7 on Monday, May 26, 2003 at 11.00
      791 words
    • 1054 4 9 SembCorp Industries SEMBCORP INDUSTRIES LTD (Incorporated in the Republic of Singapore) NOTICE OF ADJOURNED EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of SembCorp Industries Limited (the "Company") convened to be held at The Theatrette, 60 Admiralty Road West, Singapore *****7 on April 23, 2003
      1,054 words

  • SINGAPORE companies
    • 692 5  - Leong Hin —another fine mess in the making? locksiew r sivanithy AFTER the market got wind yesterday that the Commercial Affairs Department may be investigating trading in the shares of property and construction firm Leong Hin Holdings, the counter crashed 75 per cent the biggest one-day slide in recent memory.
      692 words
    • 372 5  -  Rise mainly dne to sale of loss-making telecom businesses; revenue dips 5% By, Angela Tan KEPPEL Telecommunications Transportation, a unit of conglomerate Keppel Corp, saw a 14 per cent rise in its first-quarter net profit to $3.1 million due mainly to the sale of
      372 words
    • 324 5  -  By] Michelle Quah A SURGE in oil prices in the early part of this year, triggered by supply concerns ahead of the US-led war on Iraq, helped boost Singapore Petroleum Company's first-quarter revenues by 72 per cent to $876 million.
      324 words
    • COMPANYBriefs
      • 104 7 Reuters SHIPPING group Cosco Investment (Singapore) Ltd said yesterday it would place out 100 million new shares to private investors to raise net proceeds of $19.5 million. The Singapore-listed arm of China's biggest shipping group, China Ocean Shipping Group (Cosco Group), said placement
        Reuters  -  104 words
      • 104 7 Reuters SOUTH-EAST Asia's largest property group, Capita Land Ltd, likely recorded a rise of about 20 per cent in first-quarter net profit, fuelled by brisk home sales in China and Australia, industry analysts said. Capita Land, which faces weak residential property demand in
        Reuters  -  104 words
      • 88 7 DBS yesterday made available its Internet Banking and Internet Kiosks to customers who wish to contribute to The Courage Fund, which was set up to support the healthcare professionals and Sars victims. Starting today, DBS and POSB customers will be able to use DBS
        88 words
      • 71 7 NERA Telecommunications Ltd said the company and its subsidiary, Nera (Philippines) Inc, have received two purchase orders for the supply of SDH digital microwave, equipment and engineering services to cellular operators in the Philippines. The orders have a total value of about $11 million. The
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      • 86 7 Bloomberg [LONDON] BIL International Ltd, a Singapore-based holding company, extended its offer to buy Thistle Hotels pic by 10 days to May 2. Thistle, which operates 24 London hotels, again urged stockholders to reject the bid. BIL has received acceptances from holders of
        Bloomberg  -  86 words
      • 61 7 SERVICED apartment operator The Ascott Group reported earnings of $4.19 million for the first quarter ended March, down from $9.32 million. This was mainly because last year's Ql had higher divestment gains. Turnover was lower at $55.4 million, against $68.18 million previously. Ascott said
        61 words
    • 431 7  -  Company says it is working closely with the US agency to settle the matter By David Boey OSIM International, a main-board-listed maker and supplier of healthy-lifestyle products, said yesterday it is working closely with the US Food and Drug Administration to ensure
      FILE PHOTO  -  431 words
    • 373 7  -  Asiatic, Anston, Ecowise nnf&zed by cautions market By Kenneth Lim DESPITE a cautious market, three companies are set to make their trading debut on Sesdaq in rapid succession, starting with fire-pre-vent ion firm Asiatic Group today. Asiatic Group's share trading today is
      373 words
    • 306 7  -  By Angela Tan amid me Keen rivalry in Singapore's mobile phone market, former monopoly Singapore Telecommunications Ltd has emerged top in mobile phone customer satisfaction, providing services which far exceed the industry average, according to an inaugural study. According to J D Power
      306 words
  • Page 5 Advertisements
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      161 words

  • SINGAPORE markets
    • Article, Illustration
      317 6 OTHER SINGAPORE INDICES Apr 23 VALUE CLOSE BTOMDS -282.00 +53.00 BTCAM -*****.00 -76.00 BT10-4* MA -28.00 MkSGE««n 341.27 -2.65 SBEmMmBwI 118.67 +0.42 86 Hb 1084.84 -0.75 SG Em«m Pr»p 294.81 -2.89 MSCI Singapore 155.26 -1.16 SMSCtFatms 154.70 -0.90 Stocks Volume Accord Customer 2.5c 15,417,OCX) StarC ruises 10c 14,916,000 S*«Tell5c 14,465.000
      317 words
    • 289 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan WHEN a stock keeps rising at regular intervals, only to chalk up periodic sharp and sudden falls, there is reasonable cause to suspect something suspicious is happening on the trading front. For several years, this has
      289 words
    • 747 6  -  fHicomment STOCKS r. sivanithy WAS it a case of "short in the morning, cover in the afternoon"? Or was it more a case of a market-wide downgrade for Singapore because of the negative economic pull of Sars? Or perhaps yesterday's weakness was due to a
      747 words
    • 594 6  -  comment CURRENCIES Trade-weighted Singapore dollar seen straining against lower limits again larry wee BOTH the US dollar and most Asian bourses were visibly unmoved yesterday by Wall Street's handsome 2 per cent bounce in Tuesday night trading. The best that could be said
      Source: Reuters  -  594 words
  • 3087 6 UNIT TRUSTS FUNDS Com Global HMlth Index Fd 0.786/ Com Global Telecom Index Fd 0 403/ Com Global mfotec Index Fd!" 0279 A8N Aw li Aiirt Mgt (5 put) Com Global Energy Index Fd 0 815/ Star Europe Eqty!* 0 59* Com Global Travel Index Fd 0.63/ sSbHSSmZZZ= ZZZZeiro Com
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  • Page 7 Advertisements
    • 152 7 SAMSUNG DIGITu//^ I'Vl'l V «>!>«•'•- lIIVII I* i jl SGH S3OO Digit All > i£Qsw •*uZs Y* iri t Samsung Tri-band S3OO. Access the world with WAP over GPRS, on Dual Screens. -SAMSUNG IPCwtiRHI H|oy lh»> wonders of advanced t» 1 1:111 n»11 j>jy. ;ilt built into th»» slnek 70<|
      152 words

  • SINGAPORE news
    • 368 8  -  Strong bookings seen by many car distributors spurs aggressive bidding Byi Christopher Tan THE car industry remains relatively unaffected by the Sars scare, as motor dealers armed with more than 5,600 orders kept COE bidding lively yesterday. At the end
      368 words
    • 288 8 HOW important is good branding for a product? Here's a hint mention the word "instant noodles", and what is the first brand that comes to mind? If your response was "Maggi Mee", then your answer mirrors that of many Singaporeans who
      288 words
    • 305 8  -  By] Daniel Buenas INFOCREDIT D&B Singa pore yesterday launched a service through which providers of credit outside the banking industry can access the credit history of individuals. Credit Scan allows subscribers access to a central depository of data obtained from other subscribers and
      305 words
    • 281 8  -  on the economy inflation Kenneth Lim INFLATION in almost all major categories drove the Consumer Price Index (CPI) up 0.8 per cent year-on-year in March even as housing prices continue to fall. The largest price increase of 2.3 per cent came from miscellaneous
      Source: DOS  -  281 words
    • 279 8 THE Monetary Authority of Singapore is seeking feedback on amendments to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). MAS said the Acts will be amended in two phases as part of a continuing effort to improve the regulatory framework.
      279 words
  • Page 8 Advertisements
    • 806 8 I Keppel Telecommunications I I Transportation Ltd I I (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2003 I The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited H results of the Group for the three months ended 31
      806 words
    • 151 8 A I K Medical-grade air purifiers Now you can reduce airborne germs and allergens with the same True HEPA (High Efficiency Particulate Arrestance) technology as hospital infectious disease wards, operating theatres and cleanrooms. removng al gemns and alergens _T~ at more than 99.97% efficiency at 0.3 microns (1/1000 th of
      151 words
    • 6 8 Buy It. Sell It. Find It.
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  • EXECUTIVE suite
    • 660 9  -  Andrea Tan looks at what's in store for the region under the URA's Draft Master Plan 2003 Andrea Tan THE North-east region will have 63 per cent more homes but ferns of Serangoon will be disappointed. The 123,000 additional homes will be
      660 words
    • 472 9  -  Reports by 1 Vince Chong CONTRACTORS which won at this year's local construction awards showed that the downturn has not been an obstacle in developing better industry practices which have resulted in cost and time savings for the winning projects. In fact, such recognition, they
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    • 229 9 AS usual, bigwig property developers dominated the Construction Excellence Awards (CEA) in the residential section, with Marco Polo being the odd one out among multiple winners Hong Leong Holdings/City Developments, Capita Land and Far East Organisation. Hong Leong Holdings won for its Hillside condominium in the
      229 words
  • Page 9 Advertisements
    • 216 9 Where to wine, dine and entertain... A Wortdof&Treats J Spring Court I i I Tbt Oldest *J n Chinese Rettmuramt im Singapore timet 1929. 74 Anniversary Special PEKING PUCK LimitedtooaepertaMc with mis. order of SSOoawarda. off your total bill Valid only with a minimum $100 spend on d la Carle
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    • 121 9 ITALIAN FAIR BARBERA D'ASTI DEL MASTRO DOLCETTO D'ASTI DEL MASTRO MOSCATO D'ASTI DEL MASTRO PIEMONTE CHARDONNAY LUGANA DEL MASTRO PRIMITIVO di MANDURIA NEGROAMARO del SALENTO SPECIAL SECRETARY GIFT AT $25.00 FREE DELIVERY FOR 12 BOTTLES Suitable for Party, DAD, Company Function Wedding Specialist 21 to 25 April at *A♦ Hitachi
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    • 162 9 ~1 THE NEPTUNE T COI L Y E R CL uA Y SECRETARIES' WEEK CELEBRATION 21-25 April 2003 H Savor the finest Cantonese Cuisine and revel with the International Revue Show by the White Stars from Belarus, Russia. DIM SUM SET LUNCH 11:30am-230pm 0 $22.80* per person EXQUISITE CHINESE DINNER
      162 words
    • 186 9 JOO CH,AT |^^^||J Brand new commercial building 4 storeys with elevator Large regular floor plates Approximately 14,400 sf (en-bloc) 9 private parking lots Walking distance to Paya Lebar MRT Naming rights sot.MartMngAo.ni Commercial 6531 8677 HWWII 6531 8666 Fully Tenanted Office Building Stanley Street Freehold J t JB j|JH Land
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  • EDITORIAL & opinion
    • 749 10  - Improve Indian infrastructure and mindsets ■EiTT^ 1 bottom line OPINION amit roy choudhury WITH India finally waking up to the need to ramp up its infrastructure, some exciting projects have been taken up to improve roads, ports, airports, telecommunications and power generation It is estimated that India will need to
      749 words
    • 85 10 'We are concerned that if we don't take some steps, an oil glut may form in two, three months.' All al-Nmuim the Saudi Arabian oil minister, on the eve of the meeting of the Organisation of Petroleum Exporting Countries (Opec) in Vienna today. 'If Asean and China
      85 words
    • 676 10 EDITORIAL YOU know that the scientists scrambling to unravel the mysteries behind Sars are leaving no stone unturned when two have ventured that the virus is actually a cometary microbe. From outer space, in other words. According to the two UK-based astrobiologists, the Sars virus may have
      676 words
    • 1327 10  -  After many years in the wilderness nnder UN sanctions, Baghdad has signalled it will ramp np oil production. The Americans will gladly help, of course By G Panicker WITH Baghdad, where the Organisation of Petroleum Exporting Countries (Opec) was born 43 years
      AFP  -  1,327 words
    • 509 10  -  MAiLi-rm Tan Keng Tat Singapore DAVID Hale ("The prohibitive cost of a new US imperialism". BT, April 4) indicated that the US alone must foot the bill of a long military presence in Iraq, un like in Gulf War I when the allies also
      509 words
    • 78 10  -  D Khong Singapore I REFER to the report "Give us a break, retailers tell mall owners" (BT, April 12). I wonder if the retailers have forgotten about the financial institutions and banks. Many mall owners and landlords have to service their bank loans. So
      78 words
    • 269 10  -  Ang Hao Yao Singapore RECENTLY, discussions on the re-pricing of "underwater" employee stock options were reported in the press. Some companies may be tempted to consider this route as the recent bear market has made many options next to worthless. This is a dangerous path
      269 words

  • REGIONAL news
    • 452 11  -  Capital reduction for Ocean Capital to help erase RM59m accumulated losses From Eddie Toll in Kuala Lumpur MALAYSIAN billionaire Syed Mokhtar Al-Bukhary, who is raising funds to help complete an ambitious sea and air hub in Johor to rival Singapore, has turned his
      452 words
    • 434 11 KUALA LUMPUR Corporate profits to grow 11-12% on lower GDP growth, say analysts SEVERAL research houses are projecting a slower-than-expected earnings growth for Malaysian companies following a downward revision of the country's gross domestic product (GDP) numbers. Domestic corporate earnings are now expected to grow
      434 words
    • NOTEBook
      • 106 12 AFP [JAKARTA] The Indonesian Bank Restructuring Agency yesterday launched the sale of its ownership in 61 companies as part of efforts to meet its targeted full-year contribution to the state budget. Ibra deputy chairman Tauflk Mappaenre said the assets offered in this programme
        AFP  -  106 words
      • 64 12 Bloomberg [TAIPEI] Taiwan's factory closures almost doubled in March as some manufacturers trimmed output on the island or moved to be nearer their customers in China, where costs are lower. Factory closures rose to 415 from 211 a year earlier, said the Ministry of
        Bloomberg  -  64 words
      • 106 12 Bloomberg [HONG KONG] Regal Hotels International Holdings Ltd, the biggest hotel owner in Hong Kong, plans to sell two properties as room occupancy plunges due to the outbreak of Severe Acute Respiratory Syndrome (Sars) in the region. Regal's problems started long before the
        Bloomberg  -  106 words
      • 112 12 AP [NEW DELHI] India's government employees, from national to village level, will strike on May 21 to protest plans to privatise state-run companies and cut their benefits, a news agency reported on Tuesday. The strike was aimed at "crippling the government machinery," Sukhomal Sen, general
        AP  -  112 words
      • 87 12 AFP [JAKARTA] Indonesian police said yesterday they have arrested a suspected regional leader of the Jemaah Islamiyah (JI) terror group and 16 other people—including three Bali bombing suspects. The arrests were announced the day that Jl's alleged overall leader Abu Bakar Bashir went on
        AFP  -  87 words
      • 120 12 Bloomberg [KUALA LUMPUR] Telekom Malaysia Bhd raised its stake in Celcom (Malaysia) Bhd, the country's second-largest mobile phone company, to more than 50 per cent, making it a subsidiary. State-controlled Telekom yesterday bought 55 million shares, or 2.1 per cent of Celcom stock, boosting its
        Bloomberg  -  120 words
    • 578 12 HONGKONG Bat region's cheap valuations and high dividends conducive for rebound if Sars is contained Reuters ASIAN investor sentiment has soured with the spread of Sars, sending portfolio managers scurrying to cash despite cheap stocks across the region. "Asia is cheap but I don't think
      Reuters  -  578 words
    • 420 12 HONGKONG AP TYCOON Li Ka-shing has a U5526.7 million stake in the family firm of Hong Kong's political leader, Chief Executive Tung Chee-hwa, executives disclosed under new stock market rules. Mr Li's flagship conglomerate, Hutchison Whampoa, owns 31.34 million shares, or a 6.06
      AP  -  420 words
    • 513 12  -  Expansion, despite Sars, to include its Japan business By Siow Li Sen BANK of America, which last year posted its best-ever results from Asia, is boosting its operations in Singapore despite the Sars scare to include its Japan business. Bank of America Asia president
      513 words
  • Article, Illustration
    1087 11 Transaction date: Apr 23 PtTBRBAlfE CROSS RATES *S C$ »■> Uro HKS h*h tapUfc Tw Won *2S to Ewo S$ tort Sfr KTS 8*t ftmt BSj Amtralu 0.897 5.146 0.566 4.836 29.348 ***** 0.749 7.558 2.356 1107 35.836 32.556 162 4.706 0.852 ***** 26.504 OJM 0J20 Canada 1.115 5.737
    1,087 words
  • 1557 11 ECTCOM FUTURES Apr 2:. RU88CR Futures (CJoang prices) RSS1 (S cents/kq) CtOM Volume Open "«a f 44 i-l —A Month nifn low jfti (tonnes) iiittrtst May 03 1 1 176.00 1 Jwt 03 ***** Jul 03 ***** Aug 03 ***** tSS3 (USccotsAq) Volume Open Month High Low Sett (tonnes)
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  • 4563 12 Transaction date: Apr 23 HONGKONG vol HKRmri —1.01 unch 1156 HKS "000 Hong Kong Electric 31.40 0-20 3807 Hongkong Chinese .0.60 -0.01 808 Alpha General 0.19 -0.01 135 Hongkong Chinese Ltd 0.60 -0.01 808 Ananda Wing On .0.01 unch 0 Hopewell Holdings. .6.50 -0.30 2539 Angang New Steel
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  • Page 13 Advertisements
    • 550 13 FORM 65A THE COMPANIES ACT (CHAPTER 50) SECTION 291(1) STATUTORY DECLARATION BY DIRECTORS Of COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES Name ol Company Greenland Consulting Pie Lid Compony No *****0933K The Registrar ol Com ponies Businesses Singapore We, Wong Swei Yeuan (IC: *****853J) and Koo Hok
      550 words
    • 1069 13 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF FERNHILL CITY INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 18 Cross Street •08-01 China Square Central Singapore *****3 on
      1,069 words
    • 1551 13 AO rtll missm iHTtMHanonai umrrto To: All Shareholders Dear Sirs NOTICE IS HEREBY GIVEN thai the 2003 Annual General Meeting of the shareholders of the Company will be held on Monday, 12 May 2003 at 30 Gul Crescent Jurong Singapore *****5 at 2.30 p.m. to transact the following businesses AS
      1,551 words
    • 2264 13 NOBLE GROUP LIMITED (Incorporated In Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2003 Annual General Meeting of the Company will be held at 18th Floor Mass Mutual Tower 38 Gloucester Road Hong Kong on Thursday, 15 May 2003 at 11.30 а.m. for the following purposes:
      2,264 words

  • WORLD news
    • 394 14 SAO PAULO, Brazil It removes donbts, adds stability to markets: US Treasury Secretary Reuters, NYT GLOBAL financial markets should be bolstered by the White House's decision to back another term at the helm of the US Federal Reserve for Alan Greenspan, Treasury
      Reuters,; NYT; AP  -  394 words
    • 425 14 NEW YORK More analysts now foresee a second half recovery Reuters A GROWING number of analysts now believe the overall better-than-expected corporate earnings in the First quarter could be a harbinger for good tidings later this year. Many Wall Street analysts have warned
      Reuters  -  425 words
    • 232 14  -  SINGAPORE By Yang Razali Kassim THE proposed free trade agreement between the United States and Singapore has received another boost, when the American Chamber of Commerce in Singapore threw its weight behind it yesterday. AmCham submitted its written testimony in favour of the
      232 words
    • 256 14 NORWALK, Connecticut Bloomberg US ACCOUNTING rule makers, moving closer to a decision that would overhaul the book-keeping treatment of stock options, have agreed that options represent a compensation cost that companies should recognise on their financial statements. The Financial Accounting Standards
      Bloomberg  -  256 words
    • WORLDWatch
      • 93 14 Bloomberg [LONDON] Crude oil fell after Saudi Arabia warned of a looming surplus and industry consultant PetroLogistics said the Organisation of Petroleum Exporting Countries is producing more for the fourth consecutive month. "An oil glut may form in two or three months" unless
        Bloomberg  -  93 words
      • 79 14 Bloomberg [NEW YORK] US prosecutors are investigating possible fraud by executives at stoat iao public companies and are likely to file new criminal charges in dozens of those cases, US Justice Department officials said on Tuesday. "We had thought that maybe this corporate fraud crisis
        Bloomberg  -  79 words
      • 75 14 Bloomberg [NEW YORK] AT&T Corp, the biggest US long-distance telephone company, posted a first-quarto- profit of US$57l million as lower expenses helped counter a 5£ per cent drop in salee. Net income was 73 US cents a share, compared with a loss of US$B75
        Bloomberg  -  75 words
      • 81 14 Reuters [PAIX) ALTO, California] Internet auctioneer eßay Inc on Tueaday posted first-quarter profits that mors than doubled on triple-digit growth in key overseas markets and strong results from its online paywnt unit. It also raised its earnings and revenue targrts for both the
        Reuters  -  81 words
      • 60 14 Bloomberg [CHICAGO) Boeing Co, the world's biggest planemaker, had a first-quarter loas after coats to write down the value of leased aircreft and businesses. The net loss narrowed to USs47Bmillion, or 80 US cents a share, from US$l.36 billion, or US$l.54 a share, a
        Bloomberg  -  60 words
    • 493 15 NEW YORK It's not investigating front-running bnt floating of obligations Reuters THE New York Stock Exchange (NYSE) said on Tuesday its investigation into specialists' trading practices is not focused on "front-run-ning". It is the first time the NYSE has specifically rejected use of the
      Reuters; REUTERS  -  493 words
  • 2120 14 Transaction date: Apr 23 KUALA LUMPUR 42 Ugi Genera* xw 1 -2d unch 0 m +J. row) Gentmg 11.90 unch 400 George Kent— 033 -0.01 6 A M Realty 0.69 unch 2 GtobefyxaTeeh .4.36 002 28 Abrit -0.75 0.03 19 i* ACP Industries.. 2 90 unch 0 Goto Bridge
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  • 717 14 Transaction date: Apr 23 1 a—1| 9»*—» aw at. Mmn 501 0 39 im -0.010 IMM 9k 4J9 2400 -0499 CK 0.53 4. WO -a WO OCBC U3 UN 4. Mi UpMUnd 1 29 1030 2209 out 0 53 1390 «02SO OvrtSandCand20c 079 0440 -0005 ftrttmyHBc 040 0.715 -0295
    717 words
  • 400 14 BONDS WARRANTS t_ X! cwc> mi *«r- emm tm u> AST1W*****1 IM 1 16 205 0 63 14 AonaUdVMMmt 2 uncti 190 1 50 645 275 19 WW 535 1 31 1 lil 2f Armstrong W040S20 0 5 1 10 62 1300 13 6ouHMdVWM0402 12 1 25 4 2.96 16
    400 words

  • 5371 15 Transaction date: Apr 23 U-Wfc Last Vd Day lartQwtt Grffer Dhr GrVM MM IK> U» Cl«p—l| Sate W- PM> U» Bay Sdhr Cw P« to* ABNAmroNLG 56c 9 12 14 138J 18 9 ACE Dynamio20c 12-5 *15 30 12.5 11 11 145 100 160 123 24 9.5 A£M
    5,371 words
  • 67 15 U* Uri M tar lion fifth Mr CrtM M mCrn HM» I— C itt» w- f| u» —y W» Cw m %a 1B20 Oiamomfc US8780 4610 2700 IS DJ US Tech US3740 555 555 IS MSO Spore U5555 lino 8200 ISSW500 US8270 ***** S2S0 SRXS US8280 1255 1230
    67 words
  • 1340 15 B-M 1st M Day int CrOte Ote CrtW Mat MCaa m# l— run T i«l Salt w- (11 W# U» —Wfcr Or HI >31 22 IS ABDHMpfc 45 uncti 41 15 75 U «l 24 IS AT Oil 5c U S uncti CO 195 It Hi IU I?
    1,340 words
  • 258 15 SMft Lai M Oay IHH. •rtM mm MCa I—i lam Ciwmim Mt w- rwm f I** cw w HS r AVJmnmgi A2Sc A110 *2 K 110 Ml 110 111 40 M *1 M 2347 CathayPac20c HK720 2t5 2-1 1A 4 Wlj7 Owing KongSOc MK1700 240 (3 47 J
    258 words
  • Page 15 Miscellaneous
    • 180 15 CKVFTIC CROSSWORD 29 Wine I finished wto a Greek character and a worker (7) 7 PaTs sonnet you rewrite on YESTERDAY'S SOLUTION 30 !^l?l 6gh,9,,POnte Acroea:7Footstool,Bßural, 10 8 OneofOvicfs Painters, 11 Palet, 12 Beak, 13 1!^™ ~OnS(,3L Converse. 15 Headers, 17 14 Just Wilham s accounts? (5) DOWN 15 Abu*Hrlood-processor(s)
      180 words

  • BIZIT
    • 680 16  -  Singapore-developed solution is a world first and will be showcased at a trade congress in Canada, reports Amlt Roy Choudhury Amit Roy Chondhury A LOCALLY-DEVELOPED innovation, embraced by the leading chambers of commerce here and the Singapore Confederation of Industries (SCI), has enabled
      PHOTOS BY CHRIS LOH  -  680 words
    • 680 16  -  ilicomment INFOTECH It's abont to take off In a big way. Badnesses shonldnt miss the boat kenneth james NOT many tech developments rate a cheer in these Sars-depressed times. Corporate Wi-Fi does. Which is why businesses, even as they expend valuable resources coming to grips with
      680 words
  • Page 16 Advertisements
    • 82 16 •MMW, r w W V \Mf ST4RHng THE SAMSUNG 19" SYNCMASTER 192T MONITOR »no THE SAMSUNG MLI/ 50 LASER PRINTER IHI SAMMIMfi I 1) \W.M4':|fR IH7I MHNIMIR Iftlllßf.S SUM LIGHTWEIGHT DESIGN W,:h 5 IMAGE QUALITY CONTROL FEATURES AND DUAL INTERFACE CAPABILITY NITH ADJUSTABLE HEIGHT VALUABLE SPACE mtumKmmn IAS£R PRINTER FUTiIRfS
      82 words

  • SHIPPING TIMES
    • 260 17 Reuters THE Baltic Dry Index rose 4 points to 2097, the Baltic Capesize Index rose 9 points to 2734, the Baltic Panamax Index fell 3 points to 2107 and the Baltic Handymax Index rose 55 points to *****. TIME-CHARTER: Iron Prince (built 1995) *****4 dwt 14.6 on 62
      Reuters  -  260 words
    • 269 17 MX DOO »a *h i* CWT Distribution—0.52 unci) 0 Chuan Hup -0.39 unch 447 CH Offshora 0.19 unch S3 Cosco Invastmant .._0.22 unch 0 Fralght Links 0.03 unch 89 OB HoMlnas 0.5a a02 6 J ty Holdings 0.32 unch 1251 Kappal Corp 4.46 -0.02 2329 K1 Vantura 0.1«
      269 words
    • 676 17  -  Antwerp beats M'sian port to be world's no 10 container port By] Beth Jinks [SINGAPORE] Malaysia's Port Klang missed out on a place in the world's top 10 container ports by a whisker last year, climbing one spot to
      FILE PHOTO  -  676 words
    • 258 17 Some striking track operators return to work at Indian port Reuters [AHMEDABAD, India] Cargo at one major Indian port has started to move as a crippling nationwide truckers' strike continued into its second day. Cargo handling at Kandla, one of India's busiest ports, was
      Reuters  -  258 words
    • 228 17 AP [WELLINGTON] The 17 crew members of a Taiwanese fishing boat were believed drowned after their vessel sank in a severe South Pacific storm, search and rescue authorities said yesterday. The captain of the 32-m Lih Fa radioed to other vessels in the fishing
      AP  -  228 words
    • 308 17 Offshore oil exploration utility vessel built by state-run shipyard Oana-Xinhua [YANGON] Myanmar has delivered to a Singaporean company an offshore oil exploration utility vessel built by the Myanma Shipyards (MS), a state-run enterprise under the Ministry of Transport, official newspaper The New Light of
      Oana-Xinhua  -  308 words
    • 95 17 [SUOMENLAHTI, Finland] Hylje, a ship which is specially designed to fight oil spills, is seen at the Gulf ofFinland near Suomenlahti. Hylje, which means seal, was dispatched to the Porvoo area in the Gulf of Finland on Sunday night after an observation flight detected an oil slick
      AFP  -  95 words
    • CARGO boost
      • 1078 18 Military, aid cargo to Iraq is helping some firms at a time when most are struggling to reverse declining profits in a slumping world economy Bloomberg WASHINGTON] SEVERAL shipping companies, including Singapore's Neptune Orient Lines (NOL), continue to benefit from the US defence forces' need
        Bloomberg; AP  -  1,078 words
    • 112 18 PACE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 Cougar 5 CWT Globelink .4 Del mas 4 Dongnama 3 Ea 3 Foong Sun 5 Fujitrans 4 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISl 5 Kapal Kris 4 Kien Hung
      112 words
    • 6791 22 THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vnut Voyage Telephone ETA ETA Advertiser V«m Voyage Telephone SIN Destn Nam* Nut Number Number SIN Dasfn Name Name Number 12/05 00/0* CMA COM CINTSHIP LOMOON JOT *5-*****KXJ gsfsTfa fcHW"ttM8 g^ss! uspsastts" rau st sass® EE baa £«»-->« a||gp|p 1« IS xxsussH at™....
      6,791 words
    • SHIPS IN PORT
      • 653 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CHITRAL 013HW J8 A/SIDE 24/04 1200 HYANGROBONG 303 J15/16 A/SIDE 24/04 2300 KESTRELARROW 027 J16/17 A/SIDE 24/04 1800 RAIN SPRING 0304 J7 A/SIDE 24/04 0600 RUBIN PEARL 0121 J22 A/SIDE 24/04 2300 SUMBER MAS 8 2129 J14 A/SIDE 24/04
        653 words
      • 1886 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un Berth Name Voy Voy seq berthing Nmbr HKMM YAB001 YAB001 1 2BHW*****200 oowm own otw i a«MQoc3-iMo 270******300 AOC VIOLET OSSS OSSS 1 *****003-1500 *****003-0700 _j mwiwwmb aim ami i 2wmqop-i&oo vnvim-oaoo aimuatai wo ma i nsntam-mn
        1,886 words
      • 138 23 Apr 25 Australia: Anzac Day Apr 29 Japan: Greenery Day Mayl Brazil: Labour Day China: Labour Day Hong Kong: Labour Day Malaysia: Labour Day Philippines: Labour Day Singapore: Labour Day Thailand: Labour Day France: Labour Day Germany: May Day Italy: Labour Day Austria: Public Holiday Belarus: Labour Day
        138 words
      • 779 23 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the
        779 words
      • 496 23 Carta* ISO Mm MS 04 152 0.08 91 0.03 Apr 17 OMBttr W«t«r tnWM MMtfci iHlmHt No *ow C25 1 0 2 0 1 0 1 380 Aw 984.9 0.2 >4.0 0.04 21 0.02 u«. 380 Mm 9911 OJ *9 0.00 46 0.06 W/W3 %W/W W/M
        496 words
    • AIR & LAND transport
      • 546 24 Sonny holiday destinations, future EU markets are the key growth targets Reuters [LONDON/STOCKHOLM] Scandinavian flag carrier SAS and other European carriers being squeezed by bigger players and low-fare rivals face mounting pressure to shore up home markets and find new business closer to
        Reuters; FILE PHOTO  -  546 words
      • 450 24 AAPA urges airport to lower landing and other fees Bloomberg AFP [HONG KONG] Hong Kong Air Cargo Terminals, the city's largest airfreight handler, will cut by half the amount it charges airlines for office space, helping them trim costs as a deadly virus
        Bloomberg; AFP; AFP FILE PHOTO  -  450 words
      • 560 24 Unions still angry at airline's gaffe involving exec pay Reuters [CHICAGO/DALLAS] While American Airlines scrambled on Tuesday to avoid filing for bankruptcy, two smaller US carriers reported mixed results showing an industry still in crisis. Unions were still angry at the world's largest
        Reuters  -  560 words
      • LOGBook
        • 61 24 [SINGAPORE] Singapore Airlines Cargo said on Tuesday it is rescinding its war surcharge on affected flights through the Middle East immediately. SIA, like many other airlines, introduced a surcharge on the outbreak of the war in Iraq, to cover additional costs incurred by longer
          61 words
        • 102 24 [SINGAPORE] With crude oil and kerosene prices falling, Lufthansa's cargo service has cut its fuel surcharge further. After announcing a reduction of 0.05 euros (550.097) in its fuel surcharge on April 7, Lufthansa Cargo is trimming the surcharge by a further 0.05 euros, from May
          102 words
        • 99 24 Bloomberg [SEOUL] Korean Air and Asiana Airlines, the country's two largest carriers, will next month increase weekly flights between Seoul's Incheon airport and Yanji in China because of rising travel demand between the two cities. Korean Air and Asiana will each raise the number
          Bloomberg  -  99 words
      • 468 24 It plans to take the Embraer jets in mid-2006 instead of next year Bloomberg [NEW DELHI] India's biggest non-state airline Jet Airways will delay taking delivery of as much as US$52O million worth of planes from Empresa Brasileira de Aeronautica, the
        Bloomberg  -  468 words
      • 1857 24 on maw n* man no urx* 80s so2ooe 2305 Il 1*7381 840 1*7382 228 Oft 805 LH976J 2350 ora »40 on? aa »i oso 111II lill K3 MR (W4 mm »**0 «uir mh us ms H+m iwn 82s iwm gg MM Q» t W 0n S0803
        1,857 words
  • Page 17 Advertisements
    • 135 17 SAS seeks new business closer to home mi HK airfreight handler to cut charges BACK I'/W.l Lines profit from Iraq war aftermath SI lip T Port Facility liowHy (MEI) Oo<X Company Secuiify Officer (CSO) Training 3 days Dote* AvoitoMe: Fee: 551,750 fmdusiv* GST} per delegate CSO 2 12* to 14*
      135 words

  • Page 18 Advertisements
    • 648 18 IMPORT I NORTH AMERICA 11 I AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) 1 [AUSTRALIA ABU EXPRESS (AAX) ~1 vcsa vot m """"ST""* n» ga vqy m stp m ak m rw OOaCMJTOKMA 61W14 01/04 20/04 21/04 APIHBALD SIM 14/04 15/04 11/04 11/04 13/04 20/04 30/04 OOaiKTMBUNOS 44W15 17/04 05/0S 07/05
      648 words
    • 391 18 lines services represented by ££S^ Marrkxncii)mU^ ,>ryai ssas Sinoaoore lodrfo Accredited Shipping Agents, .fl- Lo9 Singapore Shaping Asaocictfion g ULY UNE MALE BVBI /inssa vor iu iu iu A r.KUN6 SfOtl IMU Empress Lily 0303 26/04 28/04 07/05 Moid Comer 738 A 03/05 05/05 14/05 Princess Lily 0403 13/05 15/05
      391 words

  • Page 19 Advertisements
    • 937 19 TO USA (SAX SERVICE) VESSEL VOY SIN ETA LAX OA! DAI HOU CM CM MEM An NYC Aft HOUAMP 116E 30/04 IS/OS 19/05 29/05 70/05 30/05 20/05 20/05 13/95 23/0$ Aft ENGLAND USE 07/05 22/05 26/05 27/05 27/05 27/05 27/05 27/05 30/05 30/05 APICANAM 113f 14/05 29/05 02/06 03/0* 03/06
      937 words
    • 961 19 jLWjIWI MKCTCJUITO COLOMBO 4 DAYS SS£L s ilSSf£2fL- ■»#ll-M SUB/BKS TH. *4205«57/4J HJL 42*5121/14 I UMB HL4224 IMO(MMf) *****704 SESS BANBAB ABBAS 12 DAYS T/wf w *****125 »:JlS3'k I johocs ohkx awvgrmui mnum mrm I COSTM *6BK»S f) SWI IMP TE:O7-35tt144 HUL 07-*****70 L. INTRODUCING:APPmOWAL SERVICE TO REP SEA EVERY
      961 words
    • 592 19 6AMIAMUM 1074 2S/4 30/4 1/5 OMIT OMIT OMIT QmiAMUM 271S 24/4 21/4 ~M7r~ ggyg ms 12/5 ommmm 272s Iys I 4/5 y/s [GAMIAIHUM I H7» 1 10/5 1 14/5 15/5 20/5 22/5 24/5 PUMAHWM 273S I 10/5 13/5 14/5 '■S-MMUh VESS& VOY PIG SIN HKG SHA ttO MS* VESSEL VOY
      592 words

  • Page 20 Advertisements
    • 1056 20 HMW^ HYUNDAI MERCHANT MARINE CO., LTD. •Ti-ip i a mo. \mmmm vfssa voT "5T lou" 1" 7nT HkT Urn ~m~ vcsa ~voT son "IbT w TkT nam m mi ■01KKBKM OMW~ U/04 01/0S 03/05 M/M 10/04 MTFBBAi Mil IS/01 I*/03 11/0J 73/03 11/ M HT FORTUNE 114W 14/ M M/
      1,056 words
    • 495 20 WX WAN HAI LINES Y TIL *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TOs JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more details, call HOTLINE: *****388/1800-*****00 vtssa vot m m m ten mm* asia arms itu m/m
      495 words
    • 670 20 BSfl xl MYANMA BB FIVE STAR UNE (MytHMr fcHiad UM) vkse vot UN m pcn m PAGAN 30*w Sl* NPA-AN N7W SU M AALATSIA: IOUSTUD SHIPPING AGIHCKS MIL U-*****3M P*L 03-317M101 PHfc M-MIMtl t«| BANK LINE (A sarvka iUirtw VMr SMpptef) NORTHBOUND TO EUROPE V COKWJMH. K*o, NUU l MUVYUFTS
      670 words

  • Page 21 Advertisements
    • 1119 21 Ivisstl VOY KHH HKO I«NI PW I PXI IU» I DMM 86C M.V. UNDAVIA pa 30* ***** 23/04 26/04 27/04 04/05 05/05 11/05 14/05 IRAN KERMAN PCI 309 29/04 30/04 03/05 04/05 11/05 12/05 19/05 21/05 IRAN ISFAHAN PCI 310 06/05 07/05 10/05 11/05 18/03 19/05 24/05 26/05 MAN SATTAM
      1,119 words
    • 490 21 i Kk UK CONTINENT SERVICE Loading tor OCEAN ISLAND RDM/ATW/BMN/UK/NAN NURTEN ANA RDM/ATW/BMNAJK/NANTES FLORES RDM/ATWAJK/NAN Loads Singyore. EjW Mateyaa, Indoneaa MIDDLE-EAST SERVICE Loading tor ISSAC LIGHT Dei/ABU/DOM/Bf^N/DMM/KWT SOURIA D6I/ABU/DOH/BRN/DMM/KWT P LAMER ADN/HDO/JDH/AQA Toad* Sugapore, E7W Mataysa. MMmMO USA SERVICE Loadngtor AROURA AMETHYST CAM/NFK/SAV/NOL CALANOA MZL/LAX/VCW •Loads E7W. Matayaa. mdoneoa F.E./S.E.A.
      490 words
    • 753 21 rasa m si m— jassa m m *i__ _au»m am a/a _num mi urn m/m hkiaooa wmi mm »/w rumi ilm wm itm paciam* wmm m/m m/m _humi zm Hits nzn_ IBM OW 27/ M a/W r*CWM 11W I OS/M 1 07/ M JMLMBA MM zi/ii hzm— PA( lANDA W37*
      753 words


  • Page 23 Miscellaneous
    • 112 23 B FOR 7AM 24 Apr 2003 BSBBBR itl Issued by Meteorological Service Division.NEA LEGEND: I < Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds Rain One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots Hazy A
      112 words