The Business Times, 5 June 2003

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Total Pages: 24
1 24 The Business Times
  • 15 1 MfTA (P) 024/03/2003 85C THE BUSINESS TIMES SING^APORE Internet: http://business-times.asial com.sg THURSDAY, JUNE 5, 2003
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  • 711 1  -  HTIJiMIIUHi, Accelerating pace is hurting demand for more expensive HDB flats Reports by Andrea Tan [SINGAPORE] More than 5,000 families living in HDB flats downgraded to smaller flats last year a 23 per cent jump from a year ago. And property agents say
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  • 366 1 Consultant DTO cites falling prices for past fear quarters'aptrend [SINGAPORE] Even as more Singaporeans are downgrading, there are those who upgrade. In the first quarter, every one in Ave or 21 per cent of Housing and Development Board upgraders bought a landed
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  • 915 1  -  Oei's dissenting votes scuttle all resolutions By Catherine Ong [SINGAPORE] Nat Steel said it will seek other ways of paying a proposed $205.5 million special dividend after tycoon Oei Hong Leong's votes at a shareholders' meeting yesterday scuttled plans for
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  • 335 1  -  Daily turnover vaults past average of last 12 months Yen Sreenlvasan [SINGAPORE] If anyone needed to know whether the Singapore stock market's recent surge has been fuelled by a rising tide of liquidity, they need look no further than the daily turnover
    Compiled by BT  -  335 words
  • 70 1 Dsn 1,401.20 (+22.81) ST INDEX FUTURES 1,396.00 (+14.00) SIMSCI FUTURES 173.30 r+3.30) Wednesday Change KLSECOMP ***** -1.73 NIKKEI 225 8,557.86 -66:} HANG SENG Closed._ SET INDEX 412.68 +899 JAKARTA COMP .504 53 +211 MANILA COMP .1,***** +3330 TAIPEI WPI Closed SEOI'LCOMP ***** +3£» SHENZHEN B 223.65 -067 Al'ST ALLORD
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  • 77 1 FOREX RATES US$ St I'SS (SS per I'SS) 1.725 S(I'SS/SS pw £)1.632 2815 El RO(l SS/SS/E). 1.173 2.(»24 YEN 118.7 68.80 RM 3.800 2.203 HKS 7.799 4.521 BAHT 41.67 24.16 RIT1AH 8.195 4.751 RENMINBI 8 299 4811 INDIAN RUPEE 46.86 2717 AS 1.507 0.874 \'ZS 171* 0996 PRIME RATES
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  • NEXTpage
    • 462 2  -  Alpa-S says it's willing to work with arbitration By Ven Sreenivasan [SINGAPORE] Singapore Airlines warned it might. And pilots hoped it could be avoided. But it has happened. SIA has abandoned wage negotiations with the Air Line Pilots Association Singapore (Alpa-S) and
      462 words
    • 626 2  -  It aims to draw 4m visitors to spend more than $4b in next 7 months By Loh Hui Yin [SINGAPORE] There is life yet after Sars. And what better way for the Lion City to beckon tourists to return than
      626 words
    • 481 2  -  China catching up fast, while Japan still lags in services By Vikram Khuu [SINGAPORE] To stay ahead of intensifying competition, primarily from China, Japanese companies will need to build on their innovative capabilities, especially in the service sector, Senior
      AP  -  481 words
  • Page 2 Advertisements
    • 474 2 ft Goods Services Tax Workshops Practical Complexities in a Simple Tax Fail to plan, plan to fail this can be true even for the GST Who Sho mid Attend: requirements of your business. Now that there is a greater focus Financial Controllers, Finance Managers, Internal on GST compliance with the
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    • 29 2 production safe from Sars: survey, Pg 9 Travel dwnand starting to recover: Asian carriers, Shipping Times Pg 8 A tardy Japan risks slipping into deflation. IMF official, Pg 13
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  • SINGAPORE companies
    • 1428 3  -  CORPORATE ANALYSIS SingTel's performance plan quite a departure from others adopted so far By Slow Li Sen SINGAPORE companies are increasingly taking advantage of low stock prices to introduce long-term incentive (LTI) share plans. The basic idea behind such plans is to tie
      REUTERS FILE PHOTO  -  1,428 words
    • 556 3  -  Agency cites stable outlook after CMT unit-holders' nod for IMM purchase By Kalpana Rashiwala IN A move tnat could potentially further boost CapitaMall Trust's (CMT) popularity among investors, Standard Poor's Ratings Services yesterday affirmed its 'A-' long-term rating on the trust. "The outlook is
      556 words
    • 598 5  -  Investment houses excited by strong performance and better prospects By Deneah Divyanathan SINGTEL has caused a flurry of activity at investment houses since it announced its full-year results this month, with its better-than-expected showing prompting many analysts to upgrade their recommendations on the
      598 words
    • 254 5  -  By Kenneth Lim INVESTORS stags included may have scrambled for public shares in China shoemaker Hongguo International Holdings, but the great response means just over a fifth wiU have shares to trade on the main board today. Of the 7,247 valid applications
      254 words
    • 307 5  -  By Vinoe Chong RAFFLES Holding president and chief executive Jennie Chua has been named one of 25 Stars of Asia in the latest issue of Business Week, alongside luminaries such as China's President Hu Jintao as well as Chinese National Basketball Association star
      FILE PHOTO  -  307 words
    • 688 6  -  vince chong THE natural question to ask of the Kuok Group is if it intends to take Singapore subsidiary Allgreen Properties private, given that it has embarked on privatising its Hang Seng-listed developer Kerry Properties. While most market watchers believe it will not
      688 words
    • 344 6  -  20% of KepL&nd's 51-unit Line sold even before official launch By Vince Chong KEPPEL Land has racked up about 10 sales at its 51unit Line project released without fanfare last weekend and is looking to launch the project officially this weekend at
      344 words
  • Page 3 Advertisements
    • 306 3 Effective Financial Business Communication for the China Market First in Singapore to focus on financial and business sectors Specialisations in banking and securities industries Conducted in English Mandarin Seminar Date Time Fee (Incl GST) Banking module 8 July 2003 (Tue) 9.00 am 6.00pm *****.40 Securities module 2* 4 July 2003
      306 words
    • 333 3 vulCain MANUf Af: 1 IJUt I 'I PUIS >>- "\itlnim CMi/vrt. rlu' uorlds fn si iiu'i /wornnl ulm m-watch. Snu i- I In Ji.tnnt.M k-.us of Villi.1111 .i- I h 1 rlil'>> 11r-1 W\ iiH ih.iiiu.il .il.irm- v\ .i11 li" 11 i- on t otl.i I In rchirlh jpS'" 9.
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  • SINGAPORE markets
    • Article, Illustration
      307 4 OTHER SINGAPORE INDICES Jun 4 VALUE CLOSE ITOMI 727.00 +104.00 ircm -*****.00 +82.00 -*****.00 +72.00 HMSIobBIw 380.90 +5.80 flirt 131.93 +3.19 IBtpJIwWi 1181.88 +22.94 MEjriHwPwp 359.29 +3.52 worrf- 173.66 +3.26 MMSqfah— 173.30 +3.30 Stocks Vdn» IPC020C 64,318.000 UnifiberlOc 57,921,000 Chart SemCond 26c 48,775,000 Thakral 44,105,000 PacifcCenturylOc 36,406,000 Accord Customer 2.5c
      307 words
    • 244 4  - Analysts rate motor maker LindetevesJacoberg as a small-cap gem By Wong Wei Kong MOTOR manufacturer Lindeteves-Ja-coberg (LJ) may be regarded as an unglamorous stock, but those who track it rate it as one of the small-cap gems around. After a recent rally, LJ shares are now in consolidation, which may
      244 words
    • 622 4  -  STOCKS ven sreenivasan AFTER Tuesday's pause following a week-long rally, the Singapore market resumed its uptrend to hit a four-and-a-half month high yesterday, with the Straits Times Index breaking through another key resistance level. Liquidity was fairly strong, though below recent highs, suggesting some caution
      622 words
    • 613 4  -  CURRENCIES ECB and Reserve Bank of New Zealand expected to cnt interest rates today larry wee THE Australian dollar was the most sought-after yield-play currency yesterday in Asia, exploding to highs not seen in three to four years against currencies such
      Source: Reuters  -  613 words
  • 2938 4 UNIT TRUSTS FUNDS Com Global Health Indei Fd 0 813/ BSJXllMLiltlftflHHHBHHI Com Global Telecom tndfi fd 0 443/ Com Global Infotec Index fd!** 0-299* fy Com Global Energy Index Fd 0.854/ Europe E^y!* 1 06* Com Global Wlndex Fd 0.661/ 1™ Com S*0« Bond F»*/« 1108/ Star Asian Tiger iqiy
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  • Page 5 Advertisements
    • 36 5 a. I a Pfivnn fwyii i»i#fHj» CsyMM liliwdi ZD* Mauritius tin rate secretarial, banking rvtces are available. jffshore banks, and captive >plicants. I mediate service please ood ME SERVICES harat Building c (65) 6532 5092 tworfc.com
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    • 124 5 HONDA The Power of Dreams I NO LONGER HAVE TO PAY THE EXTRA. PP?s^^^^^S' J gj& 'f i'iiii'^^^^M /j y -^^b flsSSSn^ s m i J t IX r Got direct access to a fleet of Anewconce P tofmobi,it Y' HondaDiracc 9 ivesvourcompanvdirectaccess f|l to a fleet of executive cars
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  • Page 6 Advertisements
    • 522 6 Unveil the best kept MONEY MAKING secrets of the professional investors in the stock markets through the 3-hour COMPLETE workshop, j teaching you Advance-Powerful-Practical-Proven investing strategies in Stock Options, Index Options, ETF Options and Options on Futures, that OX will make you a more informed, confident and PROSPEROUS Investor. This
      522 words

  • SINGAPORE news
    • 580 7  -  IE survey on Sars impact also finds companies looking to new markets By Loh Hui Yin ABOUT half of Singapore companies say their revenue has been affected and they have visited fewer clients because of Sars. And travel constraints and lower demand for their
      CHRIS LOH  -  580 words
    • 306 7 THE taxi industry launched a campaign yesterday to help drivers start saving and reassure Singaporeans that cabs are safe to travel in. The "Taxi Also OK!" campaign urges cabbies to take note of eight important points, including not spitting, taking daily temperature checks
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    • 266 7  -  By Samuel Ee SINGAPOREANS' appetite for cars appears to be even keener after the recent Sarsfree declaration as COE premiums continued inching upwards. But unlike previous tenders, yesterday's increases were confined to the threedigit range. "It's only a few hundred
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    • 340 9  -  Report finds more jobs in public sector than private sector By Leonard Lim DEMAND for executives shrunk 26 per cent year on year in May, according to the the latest EL Executive Demand Index. Companies were not in a hurry to hire, expecting lower economic
      340 words
    • 401 9  -  By Siow Li Sen SARS is expected to have only a minor effect on electronics production growth in China, which will account for US$46 billion or 77 per cent of the developing world's production increase in the next three years, says the International
      401 words
    • 320 9  -  Units of 122-132 sq m cost $2,630 to $2,830 a month By] Daniel Boenas JTC Corp's pilot work-live project at Chip Bee Gardens has received good public response, with tenants having already taken up all eight of its first-phase
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    • 177 9 THE final tally of donations and contributions by businesses and the public to the Citibank-The Business Times Sars fund came to $149,510. The entire sum went to The Courage Fund. "It is very encouraging to see so many Singaporeans and businesses coming forward without hesitation
      ARTHUR LEE  -  177 words
    • 262 9 SINGAPORE consumers are getting more comfortable banking online with 74 per cent having stuck to it for more than a year, a survey on consumer banking habits has found. In Asia-Pacific, Singaporeans rank third behind Koreans and Australians in taking to online
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  • EXECUTIVE suite
    • 298 8  -  It will manage l&BmsqftofP&G's offices, technical facilities worldwide By Vince Chang OPPORTUNITIES may be limited amid the global economic downturn, but there are deals to be mined, as Jones Lang LaSalle has shown by clinching a US$7OO million (Ssl.2 billion) in-principle agreement to manage consumer
      298 words
    • 433 8 [HONGKONG] It is perhaps the most infamous real estate in Hong Kong, but property buyers with an eye for a bargain are making their presence felt at Amoy Gardens. South China Morning Post on Tuesday reported that last month eight flats changed hands
      REUTERS  -  433 words
  • Page 8 Advertisements
    • 2243 8 V From tulip* to now hanging (amps, And thorn all In Tho Straits Times Classified. m c.^n. WKUKm Buy IL S*N It Find It Central j Allotted parking In front of unit j I Various units from 1,000 sq ft to 7,000 sq ft j MTQ CORPORATION LIMITED (Incorporated in
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    • 815 8 NORTHERN TRUST CORPORATION Parent company of The Northern Trust Company Headquarters: 50 South LaSalle Street, Chicago, Illinois AautDfmbfSl For (he Ymmr mndtd December 31 (USS in Millions Except Share Intormatton) 2002 2001 (USS in Millions Except Per Share Information) 2002 2001 S ®f TS NONINTEREST INCOME 1 TrUS,FBeS $1 233
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  • Page 9 Advertisements
    • 354 9 lb H00»»«a/—rifc Hi h IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50. AND IN THE MATTER OF NORVA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At on Extraordinary General Meeting of lt>e members of Norvo Pte lid, duly convened and held at the registered office. 73 Upper Paya Lebar Road
      354 words
    • 477 9 LOST CERTIFICATES The following share certifcates have been reported lost, rrwslari <x destroyed by the shareholder Name o< Company ftJaMi IfertShU IPthlKHmd City Developments Limited C *****59 1 x 750 Wong Chin YingO Wong Wan Kuen City Developments Limited C *****60 1 x 250 Wong Chin YingO Wong Wan Kuen
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    • 215 9 IN THE MATTER Of THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of DENKA CHEMICAL ASIA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuont to Section 308{ I) of the Companies Act, Cop 50, thot a Final General Meeting o( the abovenamed Company wiH be held
      215 words
    • 272 9 iX 2003 WHERE BUSINESS MEETS TECHNOLOGY I 30th SEP 3rd OCT 2003, SINGAPORE EXPO I "Sun is proud to return as a sponsor in "IBM is pleased to be part of iX 2003. "iX 2003 is an excellent platform for CA this year's iX 2003 to support the As Asia's
      272 words

  • EDITORIAL & opinion
    • 831 10  -  HQQuuuIDSS OPINION thomas friedman NYT THE failure of the Bush team to produce any weapons of mass destruction (WMDs) in Iraq is becoming a big, big story. But is it the real story we should be concerned with? No. It was the wrong
      NYT  -  831 words
    • 84 10 'We know the Western countries have democracy and liberty, and we want these things to be implemented in our country. But we see around us that they are arresting our clerics.' 6 -BaaiHadl an Iraqi baker, on the US occupation. 'I have concluded that the prime minister
      84 words
    • 630 10 EDITORIAL THE proposed Asian Bond Fund seems to be a most promising monetary initiative. But it is essential to recognise that there could be risks in pursuing narrow avenues of cooperation simply for their symbolic value. Development of an Asian bond market wiil
      630 words
    • 1151 10  -  Aim, by 2020, for the AEC to be an 'FTA-plns' grouping a free trade area with some elements of a common market and customs nnion later By Denis Hew AT the Asean Summit on Nov 4, 2002 in Phnom Penh, Prime Minister
      AFP  -  1,151 words
    • 329 10  -  MAILISTTffI Vasuki Shastry Director (Communications) External Department Monetary Authority of Singapore WE refer to your Hock Lock Siew column, "Could MAS have acted earlier in EC-Asia case?" (BT, June 2). The disclosure-based prospectus regime under the Securities and Futures Act (SFA) aims to enhance market accountability
      329 words
    • 250 10  -  Alicia Chua Vice-President Service Quality Consumer Banking Group Singapore DBS Bank I REFER to the letter "DBS should improve online transfer service" (Mailbag, June 4), by Ho Kai Weng. Mr Ho is mistaken regarding our funds transfer limit via DBS Internet Banking. Let
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  • Page 10 Advertisements
    • 98 10 Fax your letters to 6319-*****r email them to btietterQsph.com.sg or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the right
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  • REGIONAL news
    • 193 11 KUALA LUMPUR Areas covered include product services, SMEs Reuters THE United States, Malaysia's largest export market, has proposed a new trade agreement with the Southeast Asian country, International Trade and Industry Minister Rafidah Aziz said late on Tuesday. Ms Rafidah, interviewed by national
      Reuters  -  193 words
    • 485 11  -  Interest in M'sian ruling party's newspaper, budget carrier significant From Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Syed Mokhtar Al-Bukhary and an associate could be adding two more strategic assets stakes in the ruling party's newspaper and a fledgling airline to his
      485 words
    • 208 11 KUALA LUMPUR Bloomberg RENONG Bhd's former chairman, Halim Saad, said he sold one million shares in the Malaysian real estate, banking and transport company, trimming his stake in the company to 9.3 per cent. Mr Halim sold the shares in the Kuala Lumpur-based company on May
      Bloomberg  -  208 words
    • 152 11 JAKARTA AFP INDONESIA, smarting from the loss of two islands to Malaysia, plans to resettle people on 88 uninhabited border islands to stop neighbouring countries claiming them. "We have 88 small, empty islands that are located on border areas with neighbouring countries. We
      AFP  -  152 words
    • NOTEBook
      • 148 11 Bloomberg [BEIJING] Taiwan and China, among the three areas with the most Sars cases worldwide, reported no new infections and deaths from the virus. Hong Kong said it had one new infection and no additional fatalities. Taiwan had no new cases for the
        Bloomberg  -  148 words
      • 97 11 AFP [YANGON] Myanmar's opposition leader Aung San Suu Kyi received head and shoulder injuries last week in clashes between her supporters and a military-backed group, sources in Yangon said yesterday. "She was hurt by shards of glass on her face and shoulder," said a
        AFP  -  97 words
      • 94 11 Bloomberg [BEIJING] China's economic growth will probably slow to 8.3 per cent in the second quarto* from a year ago as the Sars epidemic curbs consumer and corporate spending, according to an estimate from a government research unit. Gross domestic product growth may
        Bloomberg  -  94 words
      • 67 11 Bloomberg [MANILA] San Miguel Corp chairman Eduardo Cojuangco may be chosen by Philippine President Gloria Arroyo's Lakas party to be its candidate in next year's presidential elections, House of Representatives Speaker Jose de Venecia said. The party will probably choose from among five
        Bloomberg  -  67 words
      • 112 11 AFP [JAKARTA] Bank Mandiri, Indonesia's largest bank, yesterday launched an initial public offering (IPO) of up to three billion shares as the first step in a key privatisation for the government. The government plans to divest up to 15 per cent of its stake in the
        AFP  -  112 words
  • Article, Illustration
    1053 11 Transaction date: Jun 4 DfTERBAKK CROSS RATES -r— fr C$ M> an i? Mh V- W Ml Pt Wh Nw SS tmi Sir WTS Mrt Hmi USS testa«i 0.904 5307 0.566 5.176 31.WO 54.386 0.788 7.966 2.522 1140 38J06 35.352 U45 5J58 0J69 22.995 27.651 0.407 0.664 Caula 1107
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  • Page 11 Advertisements
    • 107 11 Are you still big, strong and growing despite these tough times? Companies can nominate themselves for the 2003 Enterprise Award by completing the official nomination form. Companies must be homegrown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition), with three years of audited statements. jJ Nomination forms or*
      107 words

  • 1490 12 SICOM FUTURES Jun4 RUMEK Futarn (CM* prictt) RSS1(ScMts/hf) Ctos* VolaM Opt* I > HORtn mfn LOW 50tT (tORMS) IfWtftST Jul 03 183.00 Aug 03 ***** Sep 03 ***** Oct/Dec 03 168.50 RSS 3 (US cents/kg) VotMM Opea ut-4 a fli II I 1 1-1,,, NOMX nJQn LOW 50IT (TOMM)
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  • Page 12 Advertisements
    • 192 12 BQI HimßlSwiilH Raffles A Collection of Award Winning Luxury Hotels Hotels Resorts kTIH mm I Raffles Grand Hotel d'Angkor, Siem Reap, Cambodia State Room USD 199 Raffles Hotel Le Royal, Phnom Penh, Cambodia State Room USD 120 Raffles Brown's Hotel, London, UK Standard Room Raffles L'Ermitage Beverly Hills, California, USA
      192 words

  • REGION world
    • 579 13  -  Govt needs to adapt bolder measures like raising taxes and spending cuts Frorr Anthony Rowley in Tokyo THE International Monetary Fund (IMF) yesterday offered its bluntest warning so far to Japan that unless the government adopts bolder policies there is
      579 words
    • 441 13 SHANGHAI Reuters CHINESE tycoon Zhou Zhengyi's empire was in trouble yesterday after he was reported to be under house arrest and state auditors scoured the offices of his flagship company for signs of financial irregularity. The China Securities Journal, the official markets daily, said
      Reuters; APPLE DAILY  -  441 words
    • 579 13 BEIJING Country's trade surplus may get USs2J>b boost as yuan pegged to US$ AFP THE rapidly rising euro has been an immense boon for Chinese exporters and is likely to throw a lifeline to the Sars-hit economy this year, state media and economists
      AFP  -  579 words
    • 262 13 BEIJING Bloomberg GOLDMAN Sachs Group Inc chairman Henry Paulson signed an agreement to help China's biggest bank dispose of as much as US$l.2 billion of bad loans, the first direct venture with a Chinese lender. Goldman, the world's third-biggest securities firm, and state-owned Industrial Commercial
      Bloomberg  -  262 words
  • 4753 13 Transaction date: Jun 4 HONGKONG m HKRMT -.1.57 -0.02 3230 Jaa 3 MS 000 Hong Kong Electric 30 90 -0 50 4071 Hongkong Oimese 083 -0.03 4724 Alpha General 0.26 0.01 264 Hongkong Chmese Ltd 083 -0.03 4724 AnandaWingOn ....0.01 unch 0 Hopewell Holdings 7 70 unch 4319
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  • WORLD news
    • WORLDWatch
      • 128 14 Bloomberg [NEW YORK] Martha Stewart, who built a media and homemaking empire that made her a symbol of gracious living, was indicted on criminal charges for her sale of ImClone Systems Inc stock, ABC News reported yesterday. Stewart, chief executive officer of Martha Stewart Living Omnimedia
        Bloomberg  -  128 words
      • 91 14 Reuters [LONDON] The euro zone's service sector continued to contract in May, albeit at a slightly slower pace, a survey showed. The Reuters Eurozone survey of more than 2,000 companies showed new business shrank, optimism faded and more jobs were cut in the sector
        Reuters  -  91 words
      • 67 14 Reuters [NEW YORK] US home sales should set a new record this year, fuelled by fresh lows in mortgage rates, a trade group said Tuesday, backpedaling from previous forecasts of stabilising sales. The National Association of Realtors said sales of existing homes should
        Reuters  -  67 words
      • 61 14 Reuters [FRANKFURT] German automaker DaimlerChrysier cut its full-year profit forecast on Tuesday, blaming a fiercely competitive US market for its one billion euro (Ss2 billion) operating loss at its Chrysler unit in the second quarter. The carmaker now aims for a 2003 group operating profit of
        Reuters  -  61 words
    • 168 14 NEW YORK Bloomberg JOHN M Forney, a former manager of Enron Corp's energy trading unit, was arrested on Tuesday and charged with manipulating power prices in California as energy costs surged in the state more than two years ago. Forney, 41, was taken
      Bloomberg  -  168 words
    • 556 14 LATEST US INDICATORS Services industries expanded in May for second straight month Reuters AP Bloomberg [WASHINGTON] American companies squeezed more out of their workers in the first quarter of this year than previously reported, a government report on the productivity of US workers showed
      Reuters; AP; Bloomberg  -  556 words
    • 376 14 LONDON It intends to focus on its national fixed, mobile telecom nnits in Caribbean, Asia, Central America Reuters BRITISH telecoms group Cable Wireless Pic will exit the US, cut 1,500 jobs and suspend dividends for a year as it plunged to a
      Reuters  -  376 words
    • 410 14 Reuters LAT—WP [WASHINGTON/BERLIN] Federal Reserve Chairman Alan Greenspan said on Tuesday it may be necessary to lower interest rates as "insurance" against deflation, even though the US economy appears set to pick up. His words three weeks ahead of the Fed's next
      Reuters; LAT—WP; REUTERS  -  410 words
    • 409 15 Citigronp's S&nford Weill, Morgan Stanley's Philip Pnrcell and others may face penalties Bloomberg NYT Reuters [NEW YORK] Citigroup Inc's Sanford Weill, Morgan Stanley's Philip Purcell and other Wall Street chief executives may be penalised for biased research published by their firms, even without
      Bloomberg; NYT; Reuters  -  409 words
  • 2218 14 Transaction date.Jun 4 KUALA LUMPUR T3 J5 1 RM W- ram Genting 14.20 -0.20 388 George Kent 0.34 unch 74 AAMReattv 0 73 unch 1 Globetronics Tech 5.20 unch 122 071 AW 45 OomKihd.. 162 -0.02 395 AOS 3 Go«BndgeEngrg ax -0.02 9* Advance Synergy 0J6 -002 206 "22
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  • 615 14 Transaction date. Jun 4 m >i Mat a» i«iw im in MM» BB »jm 4« CK Ml UN 4M QOC 171 U> .4 IB "WW I ll 1J* 1MB -0O1B out MS ta «4Mi OwtoNMa 101 MM «B4B UJ MSB MB oro«.»c IM ua •OJMD wi|irt»BM»qfcftg bbb 'jiMrtMK 145
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  • 502 14 BONDS WARRANTS Lict \M Caav Em One Gaar- t—m*m hh —r- rmi n*» it Latt ASTIW*****1 4 unch 10 1 16 43 3.50 12 Aana Ltd W*****6 2 unch 101 1 SO 373 550 17 AmMWOSKIO 15 20 1 33 1 1.55 24 Armstrong W*****0 25 1 10 25 4.00
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  • 5580 15 Transaction date.Jun 4 52-* UN Vol Day LaatQ—*■ GfOfe Mv GUM MM MCjb t— Clllf Sate W- (488) W# t—i Buyer S«*» Cm K tmj ABNAmroNIG 5Ct 9 12 3.4 1388 16 9 ACE Dynamics20c IScd -05 20 15 15 145 15.5 100 133.3 14J 21 9.5 AEM-Evertech
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  • 60 15 y* IMQMI Grot* Dkr GrVW MM mCm U» C»H« S*t W- rwit I— Cw Wi >3 *10 Oumon* US8780cd 8800 «M 2700 ISDJUSTcdt US3740cd 555 555 15 M5Q Spore U5555 ***** COO ISSAP5G0 U*****cd ***** GK STOW US9650cd '688 1230 ST1FTT100 1435 *12 6 1440 1426 1430 1435
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  • 1541 15 Lm« WO* LMOM CfM* H* firTM MM MCa Uw fiini Sal. w- fW| I—i Law —tm s+m Cm m >3 175 7.5 ABRHIdgsSc MS -05 74 15 14.5 145 15 21 if !S 195 205 27 26 66 75 II 41 10 AS Auto 10c 20 unch 190
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  • 293 15 52-Wk UM M Day liqn CUM* Mr CitH M MO* U» Ciwjwy S*» W- W —I 1—i Pay Sdhr Or 0* <■! 141 II AVtomngiA2Sc A140cd *3 404 141 119 140 141 40 3.4 7.1 (J 301J Cathay Pac 20c MK720 JB 2.1 74 6 *****2 Owung«.ong50c HK1700
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  • Page 15 Miscellaneous
    • 214 15 UKVFTIC CROSSWORD 27 One dene losing company another (4) 28 Sappers correspond to arrange another game (7) 14 Antoinette is to wed, we hear Moonies, 13 Group, 15 Closing, DOWN (5) 17 Singlet, 19 Therapy, 21 Pec--1 Utterty ignored order to per- 17 Chief appears in some dire £2 Rabbi
      214 words

  • BizIT
    • 742 16  -  Ml may have abandoned its trial Wireless Fidelity service, but its potential remains clear By Tang Weng Fai Despite mobile ope r a to r MobileOne's nouncement yesterday that it would drop plans for a WiFi wireless Internet service, Wi-Fi technology and the
      AFP  -  742 words
    • 536 16 As many as 300,000 Wi-Fi hot-spots expected in 2006 NYT [ATLANTA] Russell Girten connects to the Internet wherever he goes, and he doesn't need a phone line. The IBM executive listens to the radio on his laptop in hotels and surfs the Web
      NYT  -  536 words
    • 731 16  -  INFOTECH Mi's pullout doesn't Invalidate the promise of the market kenneth james JUST between me and you and a dog named, er, Declan, Wi-Fi is going places in more ways than one. Ask Whitney Small, managing director of public relations agency Hoffman Asia Pacific. While in Korea
      731 words
    • 125 16 Reuters [LONDON] US network computer firm Sun Microsystems, hit hard by corporate belttightening, is banking on high-speed mobile services and broadband Internet access to lift sales overseas, its head for Europe told Reuters on Tuesday. In a bid to generate more business from cost-conscious
      Reuters  -  125 words
  • Page 16 Advertisements
    • 90 16 IX/U AMA Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... privfcBes& Treats /fi> J Spring Court 1 I The Oldest \rai/ Chinese Restaurant in Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to one per table wWimia. order of >50 on wild.. Sing's Sensation (6533
      90 words
    • 146 16 Indulge In the best of two culinary worlds as we bring you the best of international cuisine. Highlights include Pepper Crabs and Rod Prata from Singapore. Sashimi and Califbrnian Hand Rolls from )apan. Fresh Oysters. Soft-shelled Dabs and Braised Oxtail from Europe and lots more. Monday to Sunday (except Saturday)
      146 words
    • 84 16 /Special Lunch Menu zzf $5.80 Nett Per Item t With FREE Choice or One Co#ee<Tea/sof! Drinks or Chan Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese Mutton Stew Sauteed Chicken with Chinese Sausage It's Time All Day Mu«@s4.oo nett each Jug#sls.oo nett
      84 words
    • 74 16 ~~l MERI T U S MANDARIN SINGAPORE T f Quintessential Styles The Mezzanine Gather your tete-a-tete confidante for an early weekena rendezvous. Against the plush ambience, relish a fun-filled fashion extravaganza and indulge in the special concoctions of the night. Every Thursday June 5,12,19,26 9:30 pm to 10:00 pm Enquiries:
      74 words

  • Shipping Times
    • 289 17 Reuters THE Baltic Dry Index rose 7 points to 2123, the Baltic Capesize Index rose 28 points to 2798, the Baltic Panamax Index rose 1 point to 2072 and the Baltic Handymax Index fell 69 points to *****. TIWiJTWABTBBi Eleftheria K (built 1985) *****3 dwt delivery Qingdao spot
      Reuters  -  289 words
    • 236 17 AFP [STOCKHOLM] A large oil slick gushing from a sunken Chinese cargo ship hit Sweden's popular southeastern coast on Tuesday, but marine biologists said they expected only limited damage to the environment. About four kilometres of beaches and rocky coastline near the holiday
      AFP; AP  -  236 words
    • 269 17 sex 'too Jm* 8$ »ai CWT Distribution 0.59 0.04 tl ChuanHup 0.39 0.01 781 CH Off shor 0.20 unch 151 Cosco Investment—0.26 0.01 6424 Freight Links 0.05 unch 248 GB Holdings 0.64 unch 0 Jay* Hoiamgs 034 unch 334 KeppeiCorp 4.50 0.10 1435 K1 Venture 0.20 unch 8786
      269 words
    • 470 17  -  Group will take lead within IMO in supporting its initiatives By Donald Urquhart [SINGAPORE] The G8 group of industrialised nations meeting in Evian, France, earlier this week turned their attention to the shipping world with action plans for the marine environment and
      470 words
    • 273 17  -  By Beth Jinks [SINGAPORE] Port Klang's Northport is aggressively pushing for a bigger share of regional transhipment cargo volumes, according to the head of the Malaysian container terminal. The bulk 60 per cent of Northport's cargo is currently local imports and exports, with
      273 words
    • PORTShots
      • 77 17 [SINGAPORE] Keppei Offshore Marine's specialised shipbuilding division Keppei Singmarine has delivered two tugs to Keppei Smit Towage (KST) destined for charter to Brunei Shell Petroleum. The stern drive utility tug and tractor tug will be deployed for berthing and unberthing of LNG tankers at the
        77 words
      • 130 17 Reuters [LONDON] The 320,000 deadweight tonnes Berge Banker supertanker has been provisionally booked for June 23-25 to lift Iraqi crude from the Turkish port of Ceyhan, ship brokers said on Tuesday. If confirmed, the booking would mark the first shipment of Iraqi Kirkuk crude
        Reuters  -  130 words
    • 176 17  -  Beth Jinks [SINGAPORE] Capacity will be doubled at the Chinese container port of Dalian, where PSA Corporation embarked on its first overseas foray. PSA's partner, the Port Authority of Dalian, said it will invest a further 12 billion yuan (552.5 billion) over five years to
      176 words
    • 321 17 Navy detains 100 vessels suspected of smuggling weapons for rebels Reuters Xinhua [BANDA ACEH, Indonesia] Indonesia has closed waters surrounding war-torn Aceh to foreign ships without permits to stop separatist rebels smuggling weapons into the province, officials said yesterday. Aceh military spokesman
      Reuters; Xinhua  -  321 words
    • AVIATION news
      • 309 18 Boeing will not contest liability over plane's design AP [SEATTLE] Alaska Airlines has taken legal responsibility for a January 2000 jet crash that killed all 88 aboard, and Boeing said it would not contest liability over the plane's design. Both positions were
        AP  -  309 words
      • 215 18 Washington Post [WASHINGTON] US Airways, having determined that economy-class passengers are willing to pay US$7 to US$lO extra for decent food, will begin selling meals on all domestic flights of about 700 miles or more as of July 1. Like US Airways, United,
        Washington Post  -  215 words
      • 453 18 39.2% rise in cargo revenues in 2002 offsets downturn in Reuters [RIO DE JANEIRO] Brazil's air cargo sector is booming, helped by sizzling export demand, as the passenger business is mired in a severe downturn, air transport officials said. Revenues from cargo transportation
        Reuters  -  453 words
      • 48 18 [HANOI] A new official logo and colour designed Vietnam Airlines aircraft (background) taxis next to an older designed aircraft at Hanoi's Noi Bai international airport. The country's national airline plans to repaint all its fleet with new logo and colour by 2005. AFP
        AFP  -  48 words
      • 113 18 PACE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Fujitrans 2 Gemartrans 4 Hangli 4 i Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien
        113 words
    • 7752 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser VraH Voyage Telephone ETA ETA Advertiser Vessel Voyage TalipHoni SIN Oastn Name Mm* Number Number SJN (fcOt N*« w v .V -k-VWV" 21/04 B/04 Hyundai MM MY SPRINTER 090W 45*3)990* Tb ABIDJAN (ABJ) 2003 Cata DMvoira 2V04 a/04 jrtSL isr*HAN PCL M g-*gg"*
      7,752 words
    • SHIPS IN PORT
      • 557 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER118 E3125 J3 A/SIDE 05/06 0030 CHEN YU NO 7 TOC 43 J6 A/SIDE 05/06 2359 GOLDENMULIA JB0601 J2 A/SIDE 05A)6 0400 LABROY 158 EBLS14 J 8/9 A/5IDE 05/06 1400 MAWATANGNGE PV314 J15 A/SIDE 05/06 0500 NEW NANJING 0311
        557 words
      • 1878 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Btii Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACXUIAC 053S 0535 1 *****003 1500 *****003-0700 ACX MARGUERI 018N JJ18N _1 07Q***** 1500 0806/*****300 ALFARAHIOI C237E C237E t *****003 1200 0706/2003 21:00 AL SABAHIA C245W C245W _1 07/*****3 2300
        1,878 words
      • 122 23 Jan S Korea: Memorial. Jn 7 Malaysia: King's Birthday tat Australia: Queen s Birthday. France: Whit Monday. Germany: Whit Monday. tan 12 Philippines: Independ Day. tan 19 Brazil: Corpus Christ Day. tan 24 Philippines: Manila Day. tall China: Communist Party. Hongkong: SAR Established Day Thailand: Bank Holiday. MM
        122 words
      • 794 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 indi cated The Cockett Bunker Price Index change and
        794 words
      • 341 23 C«ftM »0 Ma 99L2 0.5 6.7 0.07 45 0.03 B >n Beudue iiUimWm jidiw><n1 No Am E25 3 0 4 0 052i!_ 222 380 Aw 984.0 0-3 14.0 0.04 21 0.02 380 Mai 995.0 0.7 M.O 0.07 74 0.09 «t/iri Ml Wo abow G35 2 0
        341 words
    • AIR & LAND transport
      • 565 24 Flights cut at the height of Sars outbreak to be reinstated Bloomberg [SINGAPORE] Singapore Airlines (SLA), Asiana Airlines and other Asian carriers said demand for travel is picking up as fears of Sars subside and they will start reinstating flights cut at the
        Bloomberg; REUTERS  -  565 words
      • 394 24  -  Changi Airport bags Eagle Award for genuine efforts to help airlines By Donald Urquhart [SINGAPORE] In a bid to aid its ailing airline members, the International Air Transport Association (lata) has been hard at work lobbying for cuts in airport charges, ultimately
        394 words
      • 182 24 Reuters [LONDON] Britain's biggest airports operator, BAA pic, met forecasts with a 3.8 per cent rise in annual pre-tax profit on Tuesday and said the airline industry was still being hurt by Sars and terror threats. The owner of the world's busiest
        Reuters  -  182 words
      • 335 24 Doctors urged to be more rigorous in signing them; they deny any complicity Reuters [ROME] Italy's health minister on Tuesday urged doctors to be more rigorous in signing sick notes as hundreds of Alitalia flight staff called in sick for a
        Reuters  -  335 words
      • LOG Book
        • 70 24 Reuters [WASHINGTON] Chief executive of Dutch airline KLM said on Tuesday that business in the first quarter ending in June was "lousy" and it was too early to be optimistic about an upturn in traffic. "If there is (a recovery) it is only very marginal
          Reuters  -  70 words
        • 91 24 Reuters [MIAMI] United Parcel Service Inc (UPS) expects to post second-quarter profit between 58 cents and 62 cents a share and sees a 10 per cent to 15 per cent rise in full-year earnings, its chief financial officer said on Tuesday. Speaking to industry analysts in
          Reuters  -  91 words
        • 83 24 Bloomberg [MONTREAL] Air Canada, which filed for bankruptcy protection in April, and American Express Co have reached an agreement to let the financial services company distribute Air Canada frequent-flier miles to its credit-card customers. American Express, the fourth-largest US issuer of credit cards, will provide
          Bloomberg  -  83 words
      • 427 24 TSA's background checks reveal many 'suitability' issues Bloomberg [WASHINGTON] The US Transportation Security Administration (TSA) has fired 1,208 airport security personnel found to have felony convictions, falsified applications or other "suitability" issues, the head of the agency said. The disclosure by administrator James
        Bloomberg  -  427 words
      • 249 24 Legislation on this could potentially save billions of dollars: executives Bloomberg [WASHINGTON] US airports are seeking legislation that would allow them to use airline passenger fees to pay down existing debt, potentially saving billions of dollars. US law allows airports
        Bloomberg  -  249 words
      • 2011 24 Cin FUGMT CT* f LIGHT CTD *Z4678 1555 *****8 2305 •SS* m n m n «JM| «5 22 0F81 *40 OFK 2ffi M7 S026 2350 *1Ktertoa S023 0605 6*974 0130 (1137 1455 KL131 2255 ,»M9 T540 S099C 0105 $024 2345 WWP >fJ> <— «mi mm g
        2,011 words
  • Page 17 Advertisements
    • 51 17 Travel demand starting to recover: Asian carriers rn i< iiiiiiit'i in ifinii. ~-q -""-Q' Emai: wongvwtOapfi comjg ftritwM Wmlhm mil JH* 6319 5214, GaorgeJoaaptt 6319 5772, OoMldUrquhaft 6319 5107 F* 6319 6281 IMUMk D Sunmtat 6319 2109, Mtfi tappvi NaMta* Ine 6319 6319. Fte 6319 8197/6319 8186 IHrtfiOrytwnMy.comJß Mimi» »Jrtil
      51 words

  • Page 18 Advertisements
    • 638 18 mm JI I t i 1 Y I IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND ~~l SUPER SHUTTLE EXPRESS (88X) [AUtTWAUA ASIA IMJq Vtssa I VOT I LM d WG VHSB VOT m STD Ml UK ftt im n~ ooacMiociM Town m/m m/m amauant i« m/m m/m m/m u/m u/m n/m
      638 words
    • 448 18 XSjJfcv linesrepresented by u u a \«rny Singapore Shipping Association B""—" /vKSa VOY Ett EIA EU P. riftHft srott fftftlf Princess lily 0503 04/06 06/06 15/06 Mold Carrier 739 A 13/06 15/06 24/06 Princess lily 0603 23/06 25/06 03/07 Maid Star 540 A 03/07 05/07 14/07 ULY MAMNE SERVICES PTE
      448 words

  • Page 19 Advertisements
    • 1059 19 TOUSA(SAXSarVKD Vtssa VOT SM ETA LAX OAK DAI HOU CHI CM OCM Ml NTC API NOtIAND 1171 11/0* 20/06 30/06 11/07 >1/17 >1/07 01/07 11/17 04/07 04/0 J AfIENGIAND lIW 11/04 03.07 07.07 01/07 01/07 01/07 01/07 00/07 11/07 11/07 Aft CANADA 1141 15/06 10/07 14/07 15/07 IS/07 H/07 IS/07
      1,059 words
    • 2019 19 "VPttAM OMR StRVKI PROM MMmnitKxsttvupoirMr vmmmmm ifuvs UYCUVSI (VKRAMC) 20 DAYS GBBIAL ACOIS M SMATOM M KMMSOM n fll-M SAIB/MM 1H: M2W157/41 Ml: t2M5121/M I 1.. mmk COSTAR SHIPPING PTE LTD wmmm ointoi/u ummi uxsm/n I COBfUUITZA (ROMANIA) 23 MOTS aMkIIMTWOOOOB 1H:4224 1M0(BAM) MM»9/0| 442*571* 42M5311/* I l/MPW M2MI2S *****114/44
      2,019 words

  • Page 20 Advertisements
    • 909 20 HYUNDAI MERCHANT MARINE CO., LTD. "t-Trr wwwJh—2l.t— O WO. HO47HMOOH iwbb. "voT T HW m hmi llvKsa VOT "HT ~inT mt" Hm ~m~ Tl ■ttKOSMSS M7W JO/IS 10/0* 11/ M I*/M U/M HTHSGOVBT 3141 13/ M 07/05 00/05 11/ M 31/»I HTMBraDQKIIMW 01/ M 14/0* 11/ M 10/0* 11/0* MMPMOMIT
      909 words
    • 21 20 Bunkum Bunker? Check it out in Shipping Times dally Bunker reports. FOR STRAIGHT TALK ON SHIPPING MATTERS EVERY WEDNESDAY SHIPPING TIMES
      21 words
    • 447 20 WX WAN HAI LINES Y TEL: *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more do toffs, coff HOTLINES *****388/1800-*****00 mm. w si 51 m ASIA EXPRESS USA OS/04 W/U
      447 words
    • 561 20 BSA a. MYANMA SH FIVE STAR UNE "c=;sssr msa voi si m m nii PAGAN 3MW SB MM-AN 307W H» MAIAYSU: OOUSTtAB SNIPPING A6CNCKS ML 03-*****300 PtL: 03-*****101 fOt 04-*****02 BANK UNE (A wrvkt Aadrtw WW SMpftf) WOBWOUND TO EUROPE V CONIMNBt, ROKO, HULK HEAVTUFTC VBSH SM m HNMG HUU
      561 words

  • Page 21 Advertisements
    • 978 21 KSB3HH IVISSa VOY KHH HKO |MN PKL DXB 6AR DOOM —t UNDAVU PCL 314 03/06 04/06 07/06 06/06 15/06 16/06 23/06 24/06 WAN KERAAAN PCL 315 10/06 11/06 14/06 15/06 22/06 23/06 29/06 01/07 MAN ISFAHAN PCL 316 17/06 13/06 21/06 22/06 29/06 30/06 05/07 07/07 MAN HOCMOZOAN PCL 317
      978 words
    • 480 21 UK CONTINENT SERVICE Looting tor SMART ROM/ATW/BMNAJK/NAN GULSER ANA ROM/ATW/BAAN/UK/NAN EVANGEUSTRIA RDM/ATW/BMN/UK/NAN Lo*d» E7W. IndoneH MIDDLE-EAST SERVICE Ixtadrtg for PACIFIC SUN H JDH/AQA MARHJST D6I/ABU/DOVBRN/DMM/KWT J SAFE DBI/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA Xoadi Sngapore, E>W. Mdoyaa. Indoneaa USA SERVICE Loving lor ALFONSO MZULAX/VCW SEA BEE CAAA^*FK/SAV/NOL •LotM E/W. Malayw*. lndonaW4 F.E./S.E.A.
      480 words
    • 828 21 JBHL m m KB— jsaa m a mimi mm am wm mmimi _m»_ m/m Zm r*.pm mm BS/M w/w PAfßroii i2H ZSSZZuSZZ mMm mm iim izjl_ gwgu mz nm ii/M I jkimm >w -/it MM mam m/m M/M jmjmm HMI ii/n lt/w pkmbba mm 11/ M 11/ M WP*— ii/m
      828 words


  • Page 23 Miscellaneous
    • 115 23 Issued by Meteorological Service Division,NEA LEGEND: I < Thunderstorm Wind speed symbols Showers C) Full circle w/o line indicates calm or light and variable winds p ain 1 One half fleche represents 5 knots Cloudy Day 1 -One full fleche represents 10 knots tx Hazy A -One solid triangle represents
      115 words