The Business Times, 10 June 2003

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Total Pages: 24
1 24 The Business Times
  • 12 1 THE BUSINESS TIMES SINGAPORE TUESDAY, JUNE 10, 2003 Internet: http://business-times.asial .com.sg 85C
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  • 721 1  -  pi^xcTusive| Sources say gronp moving fast on trust consisting of HE malls By Kalpana Rashiwala [SINGAPORE] Li Kashing's Cheung Kong Holdings is considering listing a real estate investment trust (Reit) in Singapore that will hold five of its mostly "local" or suburban
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  • 58 1 Dsn 1,443.73 (+4.48) ST INDEX FUTURES 1,444.00 (+5.00) SIMSCI FUTURES 17S.30 (+0.60) Monday 'hung*KLftCCOMP SM 4I -1H4 MKKKIJft AJC27* HANG SESfi 17*UI •-> SET INDEX «1#£' -Ml/ JAKARTA ttAMMcnup .uawi "iH TAIPEI HP!. 4 *»W_ SttMLniMI' .<97 SHKNZHKVH —***** (Mil AI?<T AU.4»KI> littllR'W IMl -4;87*l M Nimh» KlrT (tangr
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  • 83 1 FOftEX RATES USS 1$ i ssissfH-n ss) i;» WSS/SSprr*|_ IWi ±H7h kTW>|rSS.S£E| lift" _t«3» YKN 1lf».5 G^jVI rm a*m lit* HKS 7.79K 4.&I9 BAH1 4172 S4M HI IIAll K.I7f 4,751 REMNKBf _ta«. nm ISIUW HI IW. 45*!> 27IJ \S lUti ilvs) \ZS 1734 MM PRIME RATES sivahtar M ALA
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  • 594 1  -  Shareholders cheer end of deadlock over the two issnes By Loh Hui Yin [SINGAPORE] Nat Steel shares shot up 8.4 per cent yesterday after the company said it would pay a $205.5 million dividend in cash and, in the process, drop links
    Source: Bloomberg  -  594 words
  • 335 1  -  Move clears way for the purchase to be finalised From\ Shoeb Kagda in Jakarta ASIA Financial Indonesia (AFI), the Temasek-led consortium that won the bidding for Bank Danamon, has cleared the last hurdle in its move to buy a controlling stake in Indonesia's fifth-largest
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  • Page 1 Advertisements
    • 44 1 11! "11l 8 *****1 *****4 BT on the net: a value-added service BT Online is a premium subscription service from 4am each day. But BT newspaper subscribers will get all-day free access as a value-added service. Call 6388-3838 for details or go to http://buBineBB-timeB.aBial.com.sg
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    • 82 1 +^hk4 AFP Long live the pound [LONDON] British Chancellor of the Exchequer, Gordon Brown yesterday told Parliament that Britain isn't ready to adopt the euro. This would no doubt bring cheer to Ray Egan, a supporter of the British currency, who was demonstrating outside the Houses of Parliament. Full Report,
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    • 8 1 PROPERTY Terrace home prices need to drop further
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  • NEXT page
    • 434 2  -  By Kalpana Rashiwala [SINGAPORE] A series of recent events have raised speculation in the market that Temasek intends to move the controversial Business Financial Centre (BFC) along, possibly by taking a stake through a consortium of developers. The Urban Redevelopment Authority (URA) yesterday
      434 words
    • 452 2  -  Average monthly earnings in sector rose 1.2%, but came at the cost of jobs By i Chuang Peck Ming [SINGAPORE] It looks like a win-win situation employees enjoy a pay rise while bosses win relief through a reduction in wage cost. This
      452 words
    • 599 2  -  By I Siow Li Sen [SINGAPORE] "In a bureaucracy. you have to go for who's in charge, no matter how stupid he or she is." "In an organisation, not everyone is equal. How do you reward people who stand out more than others?"
      599 words
    • 123 2 [SINGAPORE] Orpheus was founded in 1972 by Julian Fifer and a group of fellow musicians who aspired to perform an orchestral repertoire as chamber music without a conductor. Orpheus developed its approach by bringing to the orchestral setting the chamber music principles of personal involvement and
      123 words
    • 609 2 AP Bloomberg Reuters [LONDON] Britain isn't ready to adopt the euro. Treasury Secretary Gordon Brown told Parliament yesterday, but he said the government would pursue reforms to make membership possible. Mr Brown said that although Britain's economy was beginning to converge with that
      AP; Bloomberg; Reuters  -  609 words
    • ON THE grapevine
      • 200 2 IF you're on the verge of taking a European jaunt by car during the holidays this month, you might want to bear the following penalties in mind. BT got these numbers off europe.tiscaIi.se as a public service for our readers. For illegal parking, be prepared to
        200 words
  • Page 2 Advertisements
    • 27 2 asL 1 ijaBaMMM i I r Z- Express Yourselt WATERMAN .«<v<b Model Carene Deluxe Blue Pen (ly Exclusive Distributor Beste (S) Pte Ltd Tel: 6455 0005 \IL/
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  • Page 3 Advertisements
  • SINGAPORE companies
    • 399 3  -  DMG to help procure buyers for 110 m new shares at 1.36 cents each By Michelle Quah FINANCIALLY troubled eservices provider ei-Nets Ltd, which was recently ordered by the court to pay damages to a former director, is looking to raise $1.5
      399 words
    • 631 3  -  neil behrmann THE European Central Bank (ECB) has at last slashed euro interest rates, and a growing number of European investment strategists and fund managers are once again talking about a bull market. Questions: where were all the experts in March when pension
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    • 272 3  -  A director since Nov, his top priority is company growth Byi Andrea Tan ALMOST five months after its chief executive officer left suddenly, United Pulp and Paper (UPP) has appointed Francis Lee as boss. Mr Lee's appointment comes after four directors and UPP's
      272 words
    • 283 3 KEPPEL Fels Ltd, the offshore arm of Keppel Corporation through Keppel Offshore Marine, has been awarded a US$96 million fabrication project from BP Exploration (Shah Deniz) Ltd, the operator of the Shah Deniz Gas Export Project. This is a fast-track project involving
      283 words
    • COMPANY Briefs
      • 88 5 PRECISION plastics components maker K Plas seeks a Sesdaq listing, lodging its preliminary prospectus with the Monetary Authority of Singapore yesterday. It plans to offer 19.5 million new shares, or about 25.3 per cent of its enlarged share capital. Some $1.5 million of the proceeds
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      • 77 5 HUP Seng Huat Co Ltd said its chairman Lim Boon Wan, 85, passed away on Sunday. The late Mr Lim had served as group non-executive chairman and was one of the founding partners of the company. Mr Lim had been an active member of the local
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      • 71 5 CONSTRUCTION group Hua Kok International Ltd said its wholly owned subsidiary. Hua Kok Realty, has been awarded a $28.3 million contract by the Housing Development Board for building works at Punggol West Contract 2 involving 649 flats. The contract involves the balance of construction,
        71 words
      • 80 5 G1C Real Estate, the real estate investment arm of the Government of Singapore Investment Corporation, is taking up 9.8 per cent of the Issued share capital of Beijing Capital Land (BCL) in its proposed listing on the main board of the Hong
        80 words
      • 51 5 KEPPEL Telecoms Transportation (KTT), which already owns 80 per cent of DataOne Corp (Dl), yesterday bought the remaining stake of the company from SPH Multimedia. The latest purchase of 2399,999 ordinary shares through KTT unit Asp Lion Ventures makes Dl a wholly owned subsidiary of
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      • 70 5 HOTEL Grand Central (HGC) is paying Camelot Inns Pty Ltd A) 1.91 million (SS2.15 million) for Fox Hounds inn in Australia. The purchase, through HGC's wholly owned subsidiary Chancellor Inn. covers 10.1 hectares of freehold land in Port Arthur, about 100km south-east of Hobart in
        70 words
      • 28 5 UNITED Overseas Bank confirmed yesterday it is seeking approval for a proposed issue of notes, and will make a further announcement later.
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      • 25 5 LJOW Voon Kheong, general manager of the Economic Development Board's investment division, has quit Stratech System's board and nominating committee.
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    • 577 5  -  Second ronnd of wage cot talks fails; MOM says 'too wide a gap' in both parties' positions By. Kenneth Lim, Michelle Quah and Michelle Quah SINGAPORE Airlines and its pilots will seek arbitration after a second round of talks over wage cuts failed yesterday. The
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    • 293 5  -  It says it needs the $11.4 m outstanding to keep the company running By Kenneth Lim SESDAQ-LISTED Startech Electronics says it will not be able to keep the company running if it has to pay back Maybank $11.4 million for a loan. The loss-making
      293 words

  • SINGAPORE markets
    • Article, Illustration
      326 4 OTHER SINGAPORE INDICES Jun 9 VALUE CLOSE BTOMK 499.00 -130.00 WCAPt -*****.00 ->-40.00 BT 10-dayMA -*****.00 +50.00 m Ttl TnMtt 390.35 4-1.11 SGEifM-Btt 138.14 +3.21 SG Equities Fhi 1216.99 -1.31 367.02 +4.09 MSCI Tlwin 179.07 +0.50 SiMSCt Futam 179.30 +0.60 Stocks Vctow UniFiber 10c 73,994,000 Chart SermCond 26c 73,864,000 JurongTech
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    • 299 4  -  HOT STOCK/ WARRANT By R Sivanithy THE local stock market is a fickle creature, with interest during the past month flitting from stock to stock in random, unpredictable fashion. This is all the more prevalent in the penny stock segment, where
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    • 769 4  -  l-l i comment STOCKS r. sivanithy SPEAK to brokers and you'll get all sorts of reasons to explain the rise in stock prices in the past fortnight among them Wall Street's strong performance, supposedly encouraging US economic numbers and the lifting of local Sars-related
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    • 600 4  -  I :j i comment CURRENCIES Pound makes roller-coaster swings of4S'porecentsand more than 2 US cents larry wee THE pound sterling fluctuated violently in Asian trading yesterday, ahead of a much-awaited report on the conditions under which it might be replaced by the euro.
      Source: Reuters  -  600 words
  • 3331 4 UNIT TRUSTS FUNDS com Global Health Index Fd 0 834/ Com Global Telecom lode« Fd 0445/ Com Global Infotec Index Fd!" 0.305/ AM Aim Asset Mgl (S pore) Com Global Energy Index Fd 0 868/ Star Europe Eqty"* 0 643/ Com Global Travel Index Fd 0669/ nUS Com S pore
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  • Page 5 Advertisements
    • 279 5 SINGAPORE S 11 POWER BREAKFAST Get a head start on the m UJ INI rest of the world, and ESTAUHANT •A do it IK Style TOUM Restaurant Bar at m t The Fullerton Singapore. li J > Town's unique breakfast creations and 'power juices' Jtt boost your energy levels. For
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  • FOCUS property
    • 603 6  -  Some terrace home prices may be at an all-time low, bat they still can't woo npgraders By Vince Chong MANY Singaporeans still aspire to own a landed property, but, according to Real ink research, terrace home prices need to drop further below the $1
      FILE PHOTO  -  603 words
    • 359 6  -  Potential homebnyers continue toflocktoshowflats By Vince Chong RESIDENTIAL property sales kept up at the weekend, with take-up figures proportionate to price levels. Among the newer releases, mainboardlisted Sim Lian's 192-unit Pearl@Mount Faber sold 30 homes at an average price of
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  • Page 6 Advertisements
    • 689 6 MORTGAGEE SALE BY TENDER 19 LORONG 8 TOA PAYOH Purpose-built 6-storey industrial building Easily accessible via PIE CTE Site Area: 5,456.8 sq.nv approx. Floor Area: 8,560 sq.m.approx. 30+30 years HDB lease Large car parking compound and good building specifications Excellent tenants' profile and rental income I Tender Closing: Wednesday, 18
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    • 553 6 The Village Centre Adjoining Land Redevelopment Site At South Buona Vista Road/Pasir Panjang Hill •The Village Centre Adjoining Land •Established residential enclave *1 I®** Short drive to CBD m dt •NearNUS and Science Parks area 44,623 sq ft (approx.) *Part up to storeys Freehold 'Tender Closing: 25 June 2003 (Wed),
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    • 161 6 COLLECTIVE SALE Prime Residential Redevelopment Site At Newton Road NovctM mkt Newton Court Novcna Sq mA •Prime residential enclave #Near Novena Newton MRT SITE a •Fringe of CBD Orchard Rd Shopping Belt t cowhMi*Near good schools and amenities /PUM >4 3 unwed *Site area: 38,340 sqft (Barker Rd) •Residential, plot
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  • MAIL bag
    • 948 7  -  Wong Kok Hoi APS Asset Management Pte Ltd WE thank Leong Sze Hian for his letter "No-expense funds up risk in market" (BT, June 3). Mr Leong has raised a couple of issues concerning our impending unit trust, the APS Alpha Fund, that
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    • 423 7  -  Ng Yew Hwee Singapore I REFER to the article "Honouring Singapore's faceless entrepreneurs" (BT, June 3). I would like to take this opportunity to recognise one of those "faceless" entrepreneurs. His name is Ng Ah Keong. It is also coincidental that this person just recently
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    • 168 7  -  Denis Distant Singapore I WAS astounded to read on Masnet, the website where listed companies post their announcements, that the board of Wah Shing International Holdings "wishes to announce that the Singapore Exchange Securities Trading Limited has approved the delisting of all the company's
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  • Page 7 Advertisements
    • 42 7 FREE TALK: "BUYING A HOUSE FENG SHUr Topics covered include: Your personal feng-shui type Which floor is suitable? Orientation of the house ■Ql^£B9pQ^SMBfl|| Shape of Estate/ building MjW Selection of suitable times The Astrological Centre 24A Sixth Avenue Singapore *****1 Email: masterOtheastrologicalcentre.com.sg
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    • 416 7 Asia msiness Enterprise Transformation: Confronting the New Market Dynamics j July 10, 2003, Swissotel The Stamford Singapore Ytith the resounding success of last year's event the Asia Business CEO Summit 2003 brings together, yet again, Asia's most influential businessand thought-leaders to discuss the latest trends and innovative business strategies that
      416 words
    • 99 7 Fax your letters to 6319-*****r email them to btletter® sph.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
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  • SINGAPORE news
    • 323 8  -  Bank cites securing of cheap funds from interbank market for bold move By. Kenneth Lim HOPING to make the most of low interest rates, two banks announced new packages yesterday to try to capture a larger slice of the retail market. ABN Amro will
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    • 339 8 Potential buyers interested in keeping it as a hotel ALTHOUGH it has been taken off the list of gazetted hotel sites, Meritus Negara could carry on as a hospitality business under its potential buyer. According to sources, brands that are said to be interested
      FILE PHOTO  -  339 words
    • 273 8  -  More employers defaulted on CPF payments in Q1 By, Andrea Tan MORE employers defaulted on their Central Provident Fund payments in the first quarter of this year compared with the preceding quarter. In Ql, 0.67 per cent of active employers defaulted on CPF payments for
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    • 359 8  -  Kristin Paulson to speak before US Congress on S'pore-US FTA today By] Leonard Lim THE chair of the American Chamber of Commerce in Singapore (AmCham), Kristin Paulson, will testify before the US Congress in support of the US-Singapore Free Trade Agreement today. This
      FILE PHOTO  -  359 words
  • Page 8 Advertisements
    • 142 8 V' i VKf v 'i mt A I Mill v.- c; 1 y r* #}> 4 p": 5 r •>•>-■. i We're teaching our cars to see, becausr mum can't be ever^ As rj mother, knowing your child is alone on tho stieets '.an be a nightmare. Because, like il
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  • REGIONAL news
    • 342 9  -  It'll hold roadshows inM'sia,S'porethis week to hawk 45t mpi&h of assets From Eddie Toh in Kuala Lumpur THE Indonesian Bank Restructuring Agency (Ibra) has embarked on a roadshow this week to sell its remaining assets worth some 45 trillion rupiah (559.5 billion) to
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    • 403 9  -  From Anthony Rowley in Tokyo A JAPAN-hosted international conference on the reconstruction and development of Sri Lanka opened in Tokyo yesterday without the presence of the Tamil Tigers, despite earlier predictions by a senior Japanese foreign ministry officials that the rebel
      403 words
    • 520 9  -  Preliminary April data shows index jumping 11.8% From] Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S industrial production index (IPI) rose well beyond economists' expectations in April a surprisingly robust 11.8 per cent compared with a year ago, according to preliminary numbers released by
      AFP  -  520 words
    • NOTE Book
      • 118 9 AFP [TAIPEI] Taiwan Semiconductor Manufacturing (TSMC), the largest contract chipmaker in the world, yesterday said its sales in May rose 10.6 per cent from a year earlier while rival United Microelectronics Corp (UMC) reported a 10.96 per cent increase. For TSMC. sales of NT$l6.Bl
        AFP  -  118 words
      • 105 9 AFP [HONG KONG] China is expected to offer zero tariffs on Hong Kong goods as part of its measures to help revive the territory's Sars-ravaged economy, it was reported yesterday. Thousands of Hong Kong goods will be exempted from tariffs by Beijing,
        AFP  -  105 words
      • 64 9 Bloomberg [SHANGHAI] China Construction Bank, the nation's third biggest lender, said it posted a 10.9 billion yuan (552.2 billion) loss on the sale of assets seized from overdue borrowers. The charge, disclosed in its annual report, was almost 18 times that taken in
        Bloomberg  -  64 words
      • 117 9 Bloomberg [NEW DELHI] India's finance ministry is planning to set up a panel to probe investments made by Unit Trust of India, the country's biggest mutual fund. Business Standard reported. The group will consist of auditors and financial specialists and investigate all kinds of
        Bloomberg  -  117 words
      • 77 9 AFP [KUALA LUMPUR] Telekom Malaysia yesterday signed a US$36O million term loan facility to raise funds for the redemption of the company's outstanding euroconvertible bonds prior to maturity, its chief executive Mohamad Khir Abdul Rahmad said. He said the two-year term loan facility would have
        AFP  -  77 words
  • Page 9 Advertisements
    • 34 9 ■M v' < J v {I a- f */i£§&? jn» 1 jr > -j_- 1-41 ee, becausr mum can't be everywhere. not, yon f.,in't III;'''fit j rchrysler.com. Daimi.i-rCiikvsi i:k Ansvvfi s t>" ijiK'^l 1, ,s >m
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  • EDITORIAL & opinion
    • 839 10  -  HTTT3 bottom line OPINION prem shankar jha THE flood of US dollars into India, which has swelled its foreign exchange reserves by US$1.5 billion in a single week and taken them beyond the US$80 billion mark, is a tribute to the stability of the
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    • 61 10 'We are not trying to possess a nuclear deterrent in order to blackmail others but we are trying to reduce conventional weapons and divert our human and monetary resources to economic development and improve the living standards of the people.' —from a report from North Korea s
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    • 616 10 EDITORIAL THE time is ripe for East Asia to move further towards economic integration, according to the World Bank This is because conditions in the region are very similar now to those that existed prior to implementation of the European Union and the North American Free
      616 words
    • 992 10  -  There's no time to lose. The local financial services industry faces far-reaching changes in the way it reports information and does business Byj Armaghan Ul Haq THE International Accounting Standard (IAS) No 39 covering Financial Instruments, Recognition and Measurement is a hot topic for
      FILE PHOTO  -  992 words
    • 735 10  -  COMMENTARY Bnsh is thwarting democracy for the Arabs whom America controls By, James P Pinkerton LAT-WP PRESIDENT George W Bush and his negotiating partners made a good start towards peace in the Middle East. Now there's only one thing that can screw it up: democracy. Of
      LAT-WP  -  735 words

  • REGIONAL news
    • 566 11 TAIPEI Computer firms building plants in Czech Republic, Hungary, Poland Reuters TAIWAN electronic firms used to spend all their time talking about the perks of operating in low-cost China, but with Sars dulling the mainland's edge. Eastern Europe has become a new
      Reuters  -  566 words
    • 200 11 SHANGHAI They will be allowed to invest in China's Class A shares Bloomberg MORGAN Stanley and Citigroup Inc won approval to invest in China's Class A shares, as the nation bets that opening its US$5l5 billion yuandenominated market to foreigners for the first time
      Bloomberg  -  200 words
    • 169 11 SHANGHAI Reuters OFFICIALS investigating Chinese tycoon Zhou Zhengyi and his flagship company Nongkai Development are turning their attention to Shanghai property conglomerate Wantai. state media reported yesterday. "We need to focus on investigating Nongkai Development (Group) Co and Wantai to preserve healthy economic growth," the
      Reuters  -  169 words
  • Page 11 Advertisements
    • 576 11 SID Hewitt SINGAPORE INSTTTITf OF WRECTOHS Seminar on i Best Practices in Board and Executive Remuneration Wednesday 18 June 2003, 8.30 am to 2.15 pm Venue: The Regent Singapore Cuscaden Road, Singapore This seminar is designed to familiarise company directors and senior executives on the workings of the Remuneration Committee,
      576 words

  • Article, Illustration
    1090 12 Transaction date.Jun 9 MTERBAMKCTOSSRATES AS O hi fan IS hih HfUk Yw Woo MIII2$Nt»«Nto S$ land Sir NTS 8afct Pom* »S$ Australia 1893 5.454 0.563 5.125 30.810 53.702 0.779 7.859 2.497 L139 37.885 35.105 1136 5.308 0.870 22.783 27.414 0395 0157 Cauda 1120 4.107 0.430 5.739 34.501 60.135 0.872
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  • 1543 12 SICOM FUTllliBS Jun9 RU88CT F*vm {Oosm pricts) RSS1 (SctnUAg) Close VotaM OpM Mont* Mgfc Low Sett (ton) Interest Jul 03 ***** tag 03 175.75 Sep 03 ***** Oct/Dec 03 165.00 RSS 3 (US ctob/lq) VotaM OpM Moot* Mgfc Low Sott (tonnes) Merest Jut 03 104.00 102.50 KKL75 700 4050
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  • WORLD news
    • 373 12 BAGHDAD Move cannot wait until creation of elected govt: coalition THE US-led coalition is veering to press ahead with privatisation of dozens of Iraqi state-owned companies within the next year and without waiting for the formation of an elected government, the Financial Times said yesterday.
      373 words
    • 318 12 LATEST US INDICATORS Bloomberg Reuters [NEW YORK] US wholesale inventories unexpectedly dropped in April for the first time in six months, suggesting distributors are wary of the outlook for sales, a government report showed yesterday. Stockpiles fell 0.1 per cent for the month to U*****.6
      Bloomberg; Reuters  -  318 words
    • 284 12 NEW YORK Bloomberg MOTOROLA Inc, the world's second biggest mo-bile-telephone maker, lowered its second-quarter profit and sales forecasts because of the outbreak of Severe Acute Respiratory Syndrome (Sars) in Asia and excess inventory. Motorola now expects to break even, excluding some costs and gains. It
      Bloomberg  -  284 words
    • 572 14 LONDON ItH make bid for London developer through its real estate fond Reuters Bloomberg MORGAN Stanley has approached Canary Wharf Pic about taking over the developer of London's docklands, the investment bank said yesterday. Its Morgan Stanley Real Estate Fund, backed by the
      Reuters; Bloomberg; Source: Bloomberg  -  572 words
    • 333 14 They did not fnlly cooperate with auditors on earnings statements Reuters Bloomberg [NEW YORK] Freddie Mac, the No 2 US mortgage finance company, yesterday fired its president and chief operating officer for not fully cooperating with auditors reviewing its earnings statements from 2000 through 2002.
      Reuters; Bloomberg; BLOOMBERG  -  333 words
    • 267 14 LONDON Bloomberg Warburg Pincus LLC, a private-equity Firm that raised a US$5.3 billion fund last year, agreed to buy TransDigm Inc. a maker of airplane parts, from Odyssey Investment Partners LLC. Warburg Pincus will pay US$l.l billion, said Kewsong Lee, a managing director of the
      Bloomberg  -  267 words
    • 563 15 NEW YORK Six former execs named in improper accounting case to pay only USs3m of the USs22m bill NYT SHAREHOLDERS who had been both bloodied and bowed by revelations of improper accounting at Xerox during the late 1990s took another
      NYT  -  563 words

  • 4833 13 Transaction date: Jun 9 HONGKONG v«t hkr*nt*t 152 002 201s HKS W- 000 Hong Kong Electric 3100 050 13S9 Hongkong Chinese 0 82 -0 01 990 Alpha General 028 unch 176 Hongkong Chinese Ltd 082 -001 990 AnandaWingOn 001 unch 0 Hopewell Holdings 7 95 0 20 2250
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  • 2434 13 Transaction date.Jun 9 KUALA LUMPUR iS OT o 0« AIM Realty 440 0 04 47 T «h 5.30 0.10 Ml Abnc 102 018 1262 GkxnacBhd .1.68 0 02 486 ACP Industries.... -.293 008 11 Gojd Bridge Engrg .0.41 003 256 Advance Synergy .0.40 0 03 1016 GcMen FrcntHir O
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  • 691 13 Transaction date.Jun 9 art— m a— a—t »i> w aw a—a AHgrcen 50c 0.45 1.020 *0.010 Watttwl 50c 0 S» 2.690 *0210 CK 0 65 5 650 *«J00 OCBC 8 58 9 750 CapltaLand 1-21 1310 *0030 OUf 0 55 6400 *0 150 Ovat SamCond 26c 102 a975 *0
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  • 559 13 BONDS WARRANTS LEOEND l»«<n tt*ckv Currency ty*« Immttf* fnttl mmrrmmt mmm Hr ttmm trUU In linlp ff tofdw )rtwi m nUrt t» tmm awwqi >m>| mm »»rnnrttw Wm. c CmuwlMi Hi it»U, fmtt H UacmvartM* towi (tacks. Im* mt Last Ml Com Ei« Nk Gaar-HKtSs f—_ M» *mr- OOP) Hatio
    559 words
  • Page 13 Advertisements

  • Page 14 Advertisements
    • 1166 14 Notices «gg> UNITED PULP PAPER COMPANY LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of UNITED PULP PAPER COMPANY LIMITED (the "Company") will be held at Conference Room. 35 Tuas View Crescent, Singapore *****8 on 3 Juty
      1,166 words
    • 1629 14 STARTECH ELECTRONICS LTD (Registration No: *****6220H) (Incorporated in the Republic of Singapore) (the "Company") NOTICE OP ADJOURNED EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting (the "EGM") of the Company convened and held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Thursday, 5
      1,629 words
    • 410 14 NOTICE Of MEETING Of CREDITORS IN THE MATTER Of THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER Of ROBERTO WHIRLPOOL ft SANITARY PTE LTD (Registration No. *****7646R) Nofccs it hereby given pursuant to Section 296 of the Compon«s Ac! (Chapter 50) that o meeting of the creditors of the
      410 words
    • 641 14 IN THE MATTER Of THE COMPANIES ACT CHAPTER 50 Section 290(2)(b) NOTICE Of RESOLUTIONS MCL LAND (kUKIT PANJANG) PTE LTD (In Members' Voluntary Liquidation) At on Extroordmory General Meeting of the Company held at 78 Shentan Way *334)0 Singapore *****0 on the 2nd day of June 2003. the following Resolutions
      641 words

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  • Page 15 Miscellaneous
    • 282 15 CBTPTIC CROSSWORD 1 Some notes for an essay P P l PI P j j* HIT Bff 9 Musical group get port after 1 Some soldiers can return to jflf 14 Woken in so rude a fashion 19 He comes from Constantino- —mh 20 Play with spirit on the street
      282 words

  • FOCUS enterprise
    • 1834 16  - Crash of the titans why firms fail Mike Lob takes a hard look at the mistakes some companies make so you don't repeat them Mike Loh NICOLE Tan was a three-month-old rookie with ERA when she sold eight units of Amaranda Gardens condominium and pocketed $22,000 for a fortnight's work.
      1,834 words
    • 385 16  -  By Leonard Lim PROFESSOR Casey Chan is no stranger to start-ups and developing new products. In fact, he has 30 United States patents to his name of which about 20 have already been licensed to companies there. Adding another
      385 words
  • Page 16 Advertisements
    • 103 16 TTT| a J# J A.-X Preunted Diners Club Credit Card r» «j: 6416 0980 I Where to wine, dine and entertain,,, Captain's Table offers seafood favourites at speciat prices. Have "Live" Lobster or "Seafood Treasure" which features goodies lifg conpoy, ab alone, shiitake mushrooms and sea cucumber, at 40% off
      103 words
    • 101 16 Ja COOLEST NIGHTSPOT FOR A NOSTALGIC TIME Relieve the good old days with superb live entertainment brought to you by our all new band. The wivets". Happy Hours: 3pm to 8.30pm. Monday to Saturday. 3pm to 1 45am. Sunday. Make your favourite song requests, enjoy one-for-one on standard drinks or
      101 words
    • 26 16 The power to reach 100,000 readers daily. Japf® 'V V i \d\crlM' in H iiH 1 Dm.' I .Mb ri.1111 n| I lif I!iiv|||csn I iiucs
      26 words
    • 24 16 Spring Court The Oldest I Chinese Restaurant in Singapore timet 1929. Father's Day Special Set Menu Free Peking Duck for minimum order of $328
      24 words
    • 54 16 n MERITUS MANDARIN SINGAPORE BUFFET DINING AT GREAT HEIGHTS Enjoy Award-winning Triple 3 buffet for lunch or dinner, topped off with a |QP sensational view! Of Py Set menu and a-la-caite also available, yjf Reservations: 6831 6258/88 flo«r MERITUS MANDARIN tV'tat 333 Orchard Road, Singapore *****7 Tel: +65 6737 4411.
      54 words

  • SHIPPING TIMES
    • 278 17 Reuters THE Baltic Dry Index rose 4 points to 2139, the Baltic Capes ize Index rose 42 points to 2923, the Baltic Panamax Index fell 23 points to 2022 and the Baltic Handymax Index fell 83 points to *****. TIME-CHARTER: Great Lady (built 1992) *****5 dwt 13.5 on
      Reuters  -  278 words
    • 277 17 MX '000 SS VI CWT Distribution 0.57 -0.01 30 Chuan Hup 0.41 0.01 3461 CH Off short 0.21 0.01 341 Cosco Investment —0.27 0.01 3297 Freight Links 0.06 0.01 329 CB Holdings 0.65 0.01 52 Jeya Holdings 0.35 0.01 1031 Kepp*l Corp 4.76 -0.02 4103 K1 Venture Oil
      277 words
    • 505 17  -  Overseas business enjoyed 58% growth in first 5 months By) Beth Jinks [SINGAPORE] PSA Corporation's Singapore terminals are on track to handle record volumes this year, after 4.4 per cent growth in the year to May pushed its handled volumes up to
      505 words
    • 239 17 AFP [AUCKLAND] A countdown was underway aboard a converted oil rig in the mid-Pa-cific ahead of the launching of a rocket carrying a United Arab Emirates communications satellite, Sea Launch said in a statement yesterday. If successful it will be the heaviest commercial satellite deployed.
      AFP  -  239 words
    • 443 17 Officials were planning to step np checks on ship on its arrival last Sunday AFP [TOKYO] A North Korean ferry serving as the only direct link with Japan called off a scheduled voyage last Sunday amid growing protests at
      AFP  -  443 words
    • 421 17  -  By] Donald Urquhart {SINGAPORE] A change in leadership is in store for Singapore's maritime regulator, with the announcement by the Ministry of Transport yesterday that Chen Tze Penn will be stepping down after seven years at the helm. Former Chief of
      FILE PHOTO  -  421 words
    • 249 17 Bernama [KUALA LUMPUR] Express and logistics company DHL has commenced operations in Iraq, immediately following the United Nations (UN) Security Council vote to lift economic sanctions against the country, making it the first express and logistics company to enter Iraq. In a statement
      Bernama  -  249 words
    • AIRCRAFT oversupply
      • 1061 18 The ebb and flow of planes in the Mojave desert serves as a gauge of the health of the airline industry NYT [MOJAVE, California] NO better barometer of the fortunes of the airline industry exists than 484 hectares of parched brown earth in the Mojave
        NYT; AFP FILE PHOTO  -  1,061 words
    • 112 18 PAGE 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 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien Hung
      112 words
    • 8653 22 THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vk»I Voyaq* Talaphona ETA ETA Advartisar Voyaqa Taiaphona SIN Dasfn Nam* Nam* Nunttar NumKar SIN Dest'n None Nam* Number Numtar 03/07 15/07 COSCO EVER GROWTH 009W 64-*****900 j To ABIDJAN (ABJ) 2003 Cot* D'lvoira urn < 17/04 26/07 CMACGM CMA CGM NORMANOIE 24CW
      8,653 words
    • SHIPS IN PORT
      • 556 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ED KARAHASAN V008 J15/16 A/SIDE 10/06 1700 RUBINDOVER 70A J22/23 A/SIDE 10/06 0700 SHARROWBAY 24 J4/5 A/SIDE 10/06 2300 UNIPLUS 0311 J9 A/SIDE 10/06 2359 ANNEBOYE 01/2003 J6 10/06 0730 10/06 1700 BAYSWATER228 M3130 J3 10/06 0900 10/06 1700
        556 words
      • 1989 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MAGNOLIA 064S 064S _1 10/06/2003-0700 10/*****3 23:59 P06 ACX RAFFLES 078N 078N 1 1006/2003-08:00 *****003 18:00 T07 AKINADA BR 07E 07E 1 11/06/2003 13:00 11 00 ALAMJAYA 2 8848N
        1,989 words
      • 107 23 Jon 12 Philippines: Independ Day. Jan 10 Brazil: Corpus Christ Day. Jam 24 Philippines: Manila Day. Jull China: Communist Party. Hongkong: SAR Established Day Thailand: Bank Holiday. Jul 14 France: National Day. U Kingdom: Orangmen's Day. Jul 15 Brunei: Sultan Birthday. Thailand: Buddhist Lent Day. Jul 17 S
        107 words
      • 827 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
        827 words
      • 609 23 Carbon Mjt 29 Density Hater Residue AshAlumimum Sediwent %M/M CnM >fc/W3 V/V SIW H M/M fm ISO/Cimac Limits Spec £25 991 tO «!o CMO 80 o!» Sftc G35 991 tO W O 015 80 0.10 Northern Europe l«0 Ave 9#ol <M it8 OXM 20 002 180
        609 words
    • AIR & LAND transport
      • 493 24 Demand higher though it hasn't returned to last year's level Bloomberg [HONG KONG] China Southern Airlines, China Eastern Airlines, and the country's other carriers said passengers are starting to return to the skies as the number of newly reported Sars cases declines. China
        Bloomberg; AP  -  493 words
      • 505 24 Troubled airline's spending on exec perks is still an issue for many NYT [ATLANTA] Delta Air Lines' controversial plan to protect top executives' pensions in the event of a bankruptcy filing could cost the ailing airline US$65 million by early next year, the company
        NYT; BLOOMBERG NEWS  -  505 words
      • 240 24 Reuters [MADRID] Spanish airline Iberia will post a profit for the first five months of 2003, after a first-quarter net loss of 22.4 million euros (5544.8 million), outgoing chairman Xabier de Irala said. "The first quarter of every year is always
        Reuters  -  240 words
      • 278 24 It will increase number of flights to S'pore, HK, Taiwan Bloomberg [BANGKOK] Thai Airways International, the country's biggest carrier, said it expects to fill 60 per cent of its available seats starting next month after it restores the flights it cut after
        Bloomberg  -  278 words
      • 524 24 US-European treaty allows for state funding of up to 30% Reuters [SEATTLE] After years of criticising government handouts to its European rival. Boeing Co says it may throw in the towel and seek state aid to defray the costs of building
        Reuters  -  524 words
      • 2033 24 OH FLIGHT ETA FUCHT ETC 1 1 MM AMaWt IH9770 2235 W*» BO WW *k» n» fum mta *a wm w Kmafrtm $023 0105 6*974 0130 rM SOW} 1*0 CZ3SI 0M *1837 1455 U.838 22S5 aX 2305 $0804 1015 5024 2U4 Hmn **741 t32S S0176 1035
        2,033 words
  • Page 17 Advertisements
    • 104 17 China airlines' bookings improve i T.xri Boeing may seek govt aid to fund new jet LZ3T3 Desert home for idle jets f MAtONt'S j 42 Circular Road Singapore *****8 I a T. 2t2» H I Get Shanghai'd at Molly's! I lAf Shipping Industry Night every Tuesday I Free rum shots
      104 words

  • Page 18 Advertisements
    • 663 18 IMPORT NORTH AMERICA 11 11 AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) vksii vor lgo no vtssn yor mi syd mil w «t m no OOCL NETHERLANDS 4SW2I 28/05 15/06 17/ M NTK PRIM 34N OMIT 02/0* 04/0* 06/04 10/06 IS/06 17/06 ooa CHINA 62W22 04/06 22/06
      663 words
    • 457 18 Members ol H* "•''til Singapore legist*. \i£jt7y Sngapore Shipping Associqtiori |jfjj ULY UNE MALE rts»i vor eta n* ra A P. KLAHC SPOKE WALE Maid Carrier 739 A 13/06 15/06 24/06 Princess Lily 0603 23/06 25/06 04/07 Maid Star 540 A 03/07 05/07 14/07 Empress Lily 0403 13/07 15/07 24/07
      457 words

  • Page 19 Advertisements
    • 1106 19 TO USA (SAX SfItVKE) IvKSil VOT SIM ETA LAX OAK DM HOU (HI CM Mill Ml NTC Aft HOIIANP 1171 11/06 26/06 30/06 01/07 01/07 01/07 01/07 01/07 04/07 04/07 APIINGUNP 1191 It/06 03.07 07.07 08/07 00/07 00/07 00/07 01/07 11/07 11/Q7_ AH.CANADA TmT 25/06 10/07 14/07 15/07 15/07 15/07
      1,106 words
    • 2299 19 r 'VPCtADE OVR SiRYKC FROM SINGAPORE TO MACK StA VIA POtf SAIf OMSSA (VKtAM) 19 DAYS &TCIEVSK (MIAMI) 20 DAYS GOHUL ACCXTS N SNIUPOtf MIOMNSON ID *12-00 SAUS/MGS TEL *****157/43 HUL 42J15J21/24 I rMKTIMTTi fMMlMlil MMK COSTAR SHIPPINfi ITE LTD smbapomoara ouiwuoba) mnsni *2j»sws/7s I COiSTAiIU (MWAMA) 23 DATS 5*T
      2,299 words

  • Page 20 Advertisements
    • 1026 20 HM^= HYUNDAI MERCHANT MARINE CO., LTD. Hl»ipl|l: a MO. )20t7M000QH vtssa vot sm sou t« rn> ant ham I»v I [vtssa vot sou uh »ti> ant hoi wrv TT" MOl PROGRESS 007W 30/05 20/06 21/0* 14/0* 11/0* KYDSCOVOY 1141 13/05 07/05 09/05 11/05 11/05 HY INDEPENDENCE JI4W 12/0* 24/0* 11/0*
      1,026 words
    • 463 20 Vm WAN HAI LINES V 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 details, call HOTLINE: *****388/1800-*****00 vtssa w sm m un jameia Mir ASIA EXPRESS USA SAILED
      463 words
    • 694 20 BSA x MYANMA FIVE STAR UNE (Myamor Natioaol Um) Loadiig for Y«m|m vessel vor sm prl pen pgu PAGAN 306W SU HPA-AN 307W SU IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES RUL 03-*****300 PRL 03-*****101 PEN: 04-*****02 BANK LINE (A strvict Andrtw Wtk Skipping) 1 NORTHBOUND TO iUROPI V CONTAINER, RORO, RRUUL
      694 words

  • Page 21 Advertisements
    • 1258 21 IVfSSiI VOY KHH HKO SIN MCI DXB BAB DMM BIK IRAN KERMAN PCL 315 10/06 11/06 14/06 13/06 22/06 23/06 29/06 01/07 IRAN ISFAHAN PCL 316 17/06 IS/06 21/06 22/06 29/06 30/06 05/07 07/07 IRAN HORMOZGAN PCL 317 24/06 25/06 28/06 29/06 06/07 07/07 13/07 15/07 IRAN TEHRAN PCL 318
      1,258 words
    • 523 21 4 IFF1 k UK CONTINENT SERVICE Loading for SMART RDM/A TW/BMN/UK/NAN GULSER ANA RDM/ATW/BMN/UK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for PACIFIC SUN II JDH/AQA MARILIS T DBl/ABU/DOH/BRN/DMM/KWT J SAFE DBI/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA toads Singapore. EVW. Malaysia. Indonesia USA SERVICE Loading for ALFONSO MZL/LAX/VCW SEA
      523 words
    • 879 21 vfttfl m m m _ussa m m jh_ 09*7 M H/OA 12/0* aiamiavh M4S 12/0* 14/06 mum wmn um 13/04 mm* sm urn ffiS PACOAIBPA OWN 14/04 14/04 llfliYO? tUfl 17/0* 18/0* J&3»m 0970N '3/0* U/0* OMTAN WO* 23/0* 25/0* jKMm. S9ZIM um UM ?A( BAHDA OWN 18,0* 19,0* pa<
      879 words


  • Page 23 Miscellaneous
    • 114 23 SSSSSSS^SSS^SSSBS^^&^'^HI REGIONAL FOR 7AM 10 Jun 2003 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers Fu c rc,e w/o line indicates calm or light and variable winds Rajn One halt tleche represents 5 knots Cloudy Day -One full tleche represents 10 knots Hazy A -One solid triangle
      114 words

  • Page 24 Advertisements
    • 180 24 NOTICE BY FEEDER OPERATORS RATE RESTORATION EFFECTIVE 1 JULY 2003 With increases in operating costs, the following feeder operators wish to inform the trade that they have no alternative but to implement a Rate Restoration effective 1 July 2003 in order to maintain the present feeder service levels and frequency
      180 words