The Business Times, 24 June 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg TUESDAY, JUNE 24, 2003
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  • 1228 1  -  Bat borrowers need to keep $50,000 in deposit for a year or pay $50 a month Bui Siow Li Sen, Leonard Lim [SINGAPORE] United Overseas Bank shocked the industry yesterday with a home loan package that for the first time
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  • 74 1 STI 1,491.79(-27.37) ST INDEX FUTURES 1,495.00 (-27.00) SIMSCI FUTURES 186.1 (4.20) Mondav Change KLSE COMP 684.91 +2.47 NIKKEI 225 9.137.14 +16.75 HANG SENG 9.734.29........ 196.02 SET INDEX 458.79 +6.13 JAKARTA COMP .506.31 -5.14 MANILA COMP .1.229.90 -10.78 TAIPEI WPI 4.921.72 -80.86 SEOUL COMP 674.59 -11.63 SHENZHEN B 217.41 -3.23
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  • 72 1 FOREX RATES US$ 8$ rSS(SSperrSS) 1.799 £(USS/SS per 1W>4 2.893 ETR0(1SS/S$/E) 1.159 2.015 YEN 118.1 6790 RM 3.800 2.185 HKS 7.799 4.484 BAHT 41.57 23.90 Rl'PIAH 8i48 4.742 RENMINBI 8.299 4.772 INDIAN Rl PEE—46.60 26.80 AS 1,500 0.86:1 NZS 1.711 0.984 PRIME RATES SINGAPORE* 5.25 KlALAliMPlR 6.00 HONGKONG IM
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  • 988 1  -  New Downtown site deferred; continued suspension of confirmed-list sales By Kalpana Rashiwala [SINGAPORE] In a measure that should ease the downward pressure on property values, the government has again deferred the release of the controversial Business Financial Centre (BFC) site in the New
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  • 428 1  -  It alleges Star Hub used lines meant for homes to pipe pay TV to businesses By. Angela Tan [SINGAPORE] Singapore Telecommunications is taking to court Star Hub, the island's sole pay-TV operator, for allegedly using cables designated for apartment blocks to provide pay
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    • 426 2  -  KTM fits into his infrastructure plans, and its land bank is huge-both in M'sia and S'pore From Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Syed Mokhtar Al-Bukhary is eyeing national railway company Keretapi Tanah Melayu (KTM) to help complete his infrastructure
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    • 383 2  -  It also asks for detailed breakdown of bilateral trade in commodities From\ Shoeb Kagda in Jakarta INDONESIA has asked to be included in the list of Singapore's top 180 trade partners, as well as requested a detailed breakdown of commodities traded between
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    • 398 2  -  Corporatised subsidiary ropes in industry heavyweights to serve on its board of directors By. Andrea Tan [SINGAPORE] HDB Corp yesterday unveiled its board of directors made up of industry heavyweights, with Housing and Development Board chairman Ngiam Tong Dow crossing over.
      FILE PHOTOS  -  398 words
    • 345 2  -  By R Sivanithy [SINGAPORE] Sometimes, anticipation is better than realisation. The region's stock markets lived up to this old adage yesterday, with most closing weaker ahead of the two-day US Federal Open Market Committee (FOMC) meeting. Losses ranged from one per cent in
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  • Page 2 Advertisements
    • 112 2 our (jver 275 multi-disciplined professionals ■JA. v including lawyers, chartered accountants. Ww J chartered secretaries and hankers have 'f provided confidential and cost effective «wrv~ company formation in all the maior low la* areas including The WOrld S Incorporation Fees from USSSOO Full professional after sales service IcdUiriy provided. For
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  • SINGAPORE companies
    • 524 3  -  Airline's largest layoff exercise expected within a few weeks By' Ven Sreenivasan HAVING just retrenched 414 staff, Singapore Airlines is poised to drop the axe on pilots and cabin crew within a few weeks. BT understands that the company could retrench about
      ST FILE PHOTO  -  524 words
    • 204 3  -  By Andrea Tan IN an announcement accompanying a copy of its auditors' report yesterday, L&M Group Investments said its status as a going concern is subject to its successful debt and equity restructuring. The group said it expects "significant progress" to be made in the
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    • 425 6  -  Analysts debt revamp needed for cable network to compete with rivals By Angela Tan SINGAPORE Telecommunications Ltd's refusal to lend further financial support to C2C, its struggling US$2 billion pan-Asian submarine cable venture, is viewed positively by analysts who welcomed the telco's
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    • 437 6  -  By Daniel Buenas SINGAPORE could become a hub for water-treatment companies to raise funds, with more set to join those that have already listed here, some industry watchers say. "The market valuation is a key attraction," said Irene Tay, senior vice-presi-dent of corporate
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    • 651 6  -  hockIHWUM tang weng fai A STRANGE thing happened at the weekend, when telcos reacted to news that mobile number portability (MNP) will be mandated as a free service from August. The Infocomm Development Authority of Singapore (IDA) muscled all three operators to offer MNP for
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    • 372 7  -  Bank said to have lowered price guidance to 120 bps over US Treasuries By Michelle Quah AS United Overseas Bank announced yesterday the in-principle approval for the issue and listing of its proposed subordinated notes, talk swirled in the
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    • 272 7  -  By Siow Li Sen THE Association of Banks in Singapore (ABS) is looking at how the industry depends on key infrastructure service providers like telephone companies, and what can be done to reduce dependency risks. According to the ABS annual report released yesterday, banks
      ARTHUR LEE  -  272 words
    • COMPANY Briefs
      • 44 7 Bloomberg SLA Engineering Co has cancelled a plan to provide engineering and consultancy services to Taiwan's China Airlines after air travel demand slumped, due to the effects of a weak global economy, the Iraq war and Sars. Bloomberg
        Bloomberg  -  44 words
      • 61 7 SINGAPORE Press Holdings has changed the name of its magazine publishing arm Times Periodicals Pte Ltd to SPH Magazines Pte Ltd to reflect the leading market position of SPH magazines. The direct name association with SPH will also promote synergy among the group's businesses
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      • 28 7 TUAN Sing Holdings Limited, which is undergoing a Financial restructuring, said the High Court of Singapore has confirmed its capital reduction exercise.
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      • 53 7 WEARNES International (1994) Limited said wholly-owned unit Wearnes Automotive Equipment Pte Ltd has subscribed and fully paid for 4,500 shares at par 0f899,100 rupiah each in PT Wearnes Premium Era (PTWPE) for 4.05 billion rupiah (*****,000). This represents 90 per cent of the share capital
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      • 70 7 Econ Healthcare Limited has agreed to take a 49 per cent stake in West Point Family Hospital Pte Ltd (WPFH) for $1.93 million through a share subscription after the hospital's capital and debt restructuring. WPFH owns the West Point Family Hospital, a 58-bed general acute
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    • 159 7 THE Singapore Exchange and the Monetary Authority of Singapore are jointly establishing a $7.5 million fund to develop the local securities and derivatives industry. The money half to come from the MAS-administered Financial Sector Development Fund and half from SGX will be used
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  • Page 3 Advertisements
    • 279 3 €C«f? UJflTSft ECO WATER LIMITED (Incorporated in Singapore on 17 January 2003) INITIAL PUBLIC OFFERING Invitation in respect of 30,000,000 Shares of $0.08 each comprising 25,000,000 New Shares and 5,000,000 Vendor Shares as follows:(a) 3,000,000 Offer Shares at $0.25 for each Offer Share by way of public offer; and (b)
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    • 255 3 Stand out S& blend in Is it possible to create loudspeakers you want to live with as well as listen to? I Yes it is. The proof is the BeoLab range from Bang AOlufsen. Impressive sound, I j simplicity of form and freedom of placement are all essential characteristics of
      255 words

  • SINGAPORE markets
    • Article, Illustration
      334 4 OTHER SINGAPORE INDICES Jun 23 VALUE CLOSE BTOfLDS 31.00 -112.00 BTCAM -*****.00 -72.00 BTUMbvMA -*****.00 +3.00 AN-SG Equities 402.85 -6.17 SG Equities Etoct 140.94 -3.00 SG Equities Fin 1278.22 -25.24 SG EqaWMPrap 376.62 5.48 MSCI Sngpot* 185.58 -3.47 SiMSCI Fahirts 186.10 -*20 Stocks Volume AlliedTech 5c 118,423,000 Full Apex HK20C
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    • 247 4  - LindetevesJacoberg's rise despite share placement surprises HOT STOCK/ WARRANT By R Sivanithy NEWS of a share placement can sometimes have an odd effect on a share price. More often than not, the market doesn't like it and the price falls. Sometimes though for reasons best known to the market itself
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    • 791 4  -  I-I I comment STOCKS r. sivanithy FOR years, stocks listed here could be classified as "haves" or "have-nots". The "haves" were blue chips that enjoyed earnings, an institutional following and some daily volume. The "have-nots" were the majority of small-cap stocks, with little in the way
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    • 599 4  -  I \icomment CURRENCIES Eurozone's common currency under attack across broad front larry wee AHEAD of an expected cut that will take US interest rates down to a 45year low this week, the US dollar yesterday climbed to its best levels in
      Source: Reuters  -  599 words
  • 3641 4 UNIT TRUSTS FUNDS Con GloOai Infotec Indei Fd' 0.311/ Com Global Energy Index Fd 0 88, Com Global Travel Index Fd 0 695/ 0 662/ Com Spore Bond Fund/* 1.108/ Star Europe Bd 1.315/ CradK Agricoie Asset Mgt S por* Ltd Star Europe Bal 0.973/ Indocam Asia Vision!** 0 792/0
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  • Page 5 Advertisements
    • 335 5 The First Zero interest on your home loan in the first year; plus enjoy high interest on your deposit account. Total Interest Sevlnge with UOB FlretZero Home Loan: $165,166 With the UOB First Zero Home Loan, you pay zero interest in your first year. This means your monthly instalment goes
      335 words

  • Page 6 Advertisements
    • 49 6 WE'VE CHANGED! TIMES PERIODICALS PTE LTD IS NOW SPH MAGAZINES PTE LTD. STILL HOME TO SINGAPORE'S BEST-SELLING MAGAZINES. STILL COMMITTED TO EDITORIAL AND CREATIVE EXCELLENCE. j^^jj^jjl jr sPHmagazines A SUBSIDIARY OF SINGAPORE PRESS HOLDINGS 82 GENTING LANE. LEVEL 7. SINGAPORE *****7 TEL: (65) 6319 6319 FAX: (65) 6319 6345
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  • Page 7 Advertisements
    • 314 7 .nmnr NPgpjgM '■rmittntmpit i SINGAPORE'S tZ T BUSINESS LUNCH W ADDRESS Whether you are meeting w Ijyl i\l clients or friends to > i R -v s i k enjoy a fine meal, Town Restaurant Bar at The Fullerton Singapore T* is the perfect lunch setting. -<WM D' ne indoors
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  • FOCUS property
    • 541 8  -  Listed contractors say it's unrealistic and urge govt to remove it By i Andrea Tan ELEVEN listed contractors banded together yesterday to show strength in numbers. At a two-hour long meeting with the media, the rivals criticised what they called the "unrealistic" and "suicidal" e-bidding system
      LIANHE ZAOBAO NG CHEE SIANG  -  541 words
    • 442 8 Asking prices still rising, bnt at a much slower rate than last yn report Bloomberg HOUSE-PRICE inflation in England and Wales slowed for a sixth month in June, an industry survey showed, the latest sign that the housing market has peaked. Home values increased 14 per
      Bloomberg  -  442 words
  • Page 8 Advertisements
    • 530 8 Jones Lang W LaSalle. For Sale By Tender Site Area 5,400 sq ft Freehold T •Zoned Residential with BBS Commercial on Ist floor Plot Ratio 2.8 —1 Temporary WP for full -]oj\ gf LT^p commercial use obtained js™, c at j §V J3 jFj Various possible viable /I/ usage including
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    • 267 8 JOHOR Eden S$ 65 Legend S$ 79 Hyatt S$ 92 Melia S$ 79 Pan Pacific S$ 72 Pan Pacific S$ 89 Park Royal S$ 82 MELAKA Prince S$ 92 Bayview S$ 58 Regent S$ 139 Equatorial S$ 72 Shangrila S$ 145 Renaissance S$ 77 KUALA LUMPUR Exec^Coach Corus S$ 79
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  • SINGAPORE news
    • 513 9  -  Dividend acconnt rate to fall to 3%, and policy loans rate to 6% By Genevieve Cua GREAT Eastern Life will cut the interest rate of its dividend accumulation account for its Financier plan a whole life plan with a "critical year" feature from 4
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    • 382 9  -  S'PORE ARTS FESTIVAL By Cheah Ui-Hoon THE moment Japanese dancer Naoko Shirakawa bared her lean dancer's body for a no-holds barred anguished, tormented solo, one knew that Le Festin d'lmmortalite was going to be a bold piece of work. While bold and daring sometimes
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    • 279 9  -  By- Aaron Lye THE strange thing about William Yang's Blood Links is not that the performance is really just an extended look at a man's family history. Neither is it the style of the performance simple narrative set to a constantly shifting photo slide
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    • 323 9  -  They won't trigger bank to pnll housing loans By Siow Li Sen UNITED Overseas Bank does not see late credit card payments as a trigger to pull housing loans, says the bank's executive vice-presi-dent Sim Puay Suang. Since the Consumer Credit Bureau started
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    • 283 9  -  on the economy inflation By Leonard Lim CONSUMER prices fell in May for the first time in seven months, as retailers slashed rates to draw customers amid the Sars outbreak that kept tourists away from Singapore and shoppers away from stores.
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  • REGIONAL news
    • 617 10  -  Measures may not be aggressive enough to raise cost competitiveness Froml Eddie Toh in Kuala Lumpur BY fully liberalising its manufacturing sector, Malaysia has moved up one notch in the race to attract foreign direct investments, but it may not
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    • NOTE Book
      • 126 10 Bloomberg [JAKARTA] PT Telekomunikasi Indonesia, the country's largest telephone company, plans to ask the US Securities and Exchange Commission to delay the mid-July final deadline by which it has to submit re-audited 2002 accounts. Telkom, as the company is known, is in the
        Bloomberg  -  126 words
      • 87 10 AP [JAKARTA] Indonesia plans to test its 4.1 million government workers to determine whether they are patriotic enough, a news report said yesterday. Home Affairs Minister Hari Sabarno said the workers would be asked a series of unspecified questions and their loyalty to the
        AP  -  87 words
      • 92 10 Bloomberg [PARIS] Carlsberg A/S, the world's fifth-largest brewer, said a joint venture in Asia is not developing as planned and it removed executives representing its Thai partner from the board of Carlsberg Asia. Copenhagen-based Carlsberg is removing people from Chang Breweries Ltd from the
        Bloomberg  -  92 words
      • 94 10 AFP IJakak I Aj Indonesian Home Anairs Minister ttari Sabarno yesterday urged governments at provincial and district level to privatise unprofitable enterprises. "If regional state enterprises continue to incur losses, why should you have them? Their existence should be reviewed: if they are unhealthy, release them
        AFP  -  94 words
      • 106 10 AFP [JAKARTA] The government has increased the number of shares in an initial public offering for Indonesia's largest bank to four billion or 20 per cent due to strong demand, a newspaper said yesterday. Kompas newspaper, citing sources, said there were indications from the
        AFP  -  106 words
      • 91 10 Bloomberg [SINGAPORE] Indonesian state oil company Pertamina, the world's biggest exporter of liquefied natural gas, said it may sell the fuel to Japan at a lower price than a rival Russian project led by Royal Dutch/ Shell Group. Indonesia can beat the US$2.BO per million
        Bloomberg  -  91 words
    • 307 10 KUALA LUMPUR Reuters MALAYSIA'S largest bond and money market trader, KAF Group, has dropped plans to buy a stake in Affin Merchant Bank, the country's oldest investment bank, sources close to the deal said yesterday. The sprawling financial services group,
      Reuters  -  307 words
    • 364 10 KUALA LUMPUR Stock falls 6% as investors deem it a poor investment Reuters MALAYSIAN lottery and power firm Tanjong pic's surprise plan to build a mock tropical retreat in Germany knocked 6 per cent off its shares yesterday as investors guessed it
      Reuters  -  364 words
    • 422 11 BANGKOK Fond intended to benefit overall economy, not specific stocks Reuters AFP Bloomberg A THAI government plan to set up a 100 billion baht (554.2 billion) mutual fund to pump money into stateowned companies will go to cabinet for approval this week, Finance
      Reuters; AFP; Bloomberg  -  422 words
    • 487 11 TOKYO Megawati to propose formal talks at meeting with Koiznmi today Bloomberg Reuters INDONESIA wants to join other Asian nations seeking a trade accord with Japan that would lower tariffs and eliminate import quotas, said Coordinating Minister for Economic Affairs Dorodjatun Kuntjoro-Jakti. Indonesian
      Bloomberg; Reuters; AFP  -  487 words
    • 220 11 SYDNEY Reuters MALAYSIA Smelting Corp Bhd is looking for more tin mine acquisitions in Australia and elsewhere after taking a 30 per cent stake in Marlborough Resources, chief executive Mohd Ajib Anuar said yesterday. World tin prices have rebounded to around U554,700
      Reuters  -  220 words
    • ASIA Notes
      • 84 11 Bloomberg [BEIJING] The People's Bank of China, in the first meeting of its currency board under a new government that took office in March, affirmed its policy of keeping interest rates and the exchange rate of the yuan "steady". China's currency has been
        Bloomberg  -  84 words
      • 106 11 Reuters [HONG KONG] Hong Kong's tourism authority said yesterday it expects the number of visitors in the next few months to more than double from May levels following the territory's removal from the World Health Organization's list of Sars-infected places. Hong Kong Tourism
        Reuters  -  106 words
      • 68 11 Reuters [HONG KONG] Hong Kong's biggest fixed-line telecom operator PCCW Ltd has started to reorganise its non-core businesses and is studying a plan to take private its game software producer Pacific Century CyberWorks Japan Co, a Chinese language newspaper said yesterday. PCCW is "studying
        Reuters  -  68 words
      • 49 11 AFP [TAIPEI] State-controlled Chunghwa Telecom Co, the largest telecom operator in Taiwan, plans to launch third-generation (3G) services in early 2004, company chairman Ho Chen-Tan said yesterday. The company aims to offer high value-added services and attract more subscribers via the new technology. —AFP
        AFP  -  49 words
      • 71 11 Bloomberg [SHANGHAI] China's 14 biggest automakers, including China First Auto Group and Shanghai Automotive Industry Corp, said combined profit more than doubled in the first five months of the year as demand for new passenger cars increased. Vehicle inventories also rose in the
        Bloomberg  -  71 words
      • 70 11 Reuters [DHAKA] Bangladesh owes international oil companies including UNOCAL nearly 8 billion taka (Ss23B million) in unpaid dues, state minister for energy AKM Musharraf Hossain said on Sunday. The companies are pressing Bangladesh to clear the dues soon, he told reporters after a meeting
        Reuters  -  70 words
  • Page 10 Advertisements
    • 127 10 M ii v I vv* t ;V-.' 1 > v i'# < v."V I r i 1 k --2 -"Si v.. .^r i k"V We're teaching our cars to see, because mum can't be everyw As a mother, knowing your child is alone on the stieets can be a nightmare.
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  • Page 11 Advertisements
    • 30 11 y .'v ':■■>•'& wt» r m W jof M 4^^ A *Bp oflp «|w TSBte-"* ;e, because mum can't be everywhere. ot, you can't our cars road ahead. itelligenf :hrysler.com. ll\l.\ll.l.R(jlkVSl.l.l<
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  • EDITORIAL & opinion
    • 688 12  -  iM bottom line OPINION vikram khanna ONE of the most significant features of the six-day visit of Indian Prime Minister Atal Behari Vajpayee to China this week the first by an Indian leader in a decade is the accompanying entourage. Apart from
      688 words
    • 77 12 'Herd mentality prompted everyone to stay at home. But people eventually get sick of watching DVD movies and realise the sky is not falling down.' -DongTao an economist, on the start of a post-Sars recovery in Asia. 'We shouldn't throw the baby out with the bath water
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    • 607 12 EDITORIAL THE Indonesian military has left no doubt that it is serious about wiping out the Free Aceh Movement (GAM) and to that end has brought to bear massive force against the separatist movement This week, the army introduced British-made Scorpion tanks in the month-long conflict
      607 words
    • 1237 12  -  Mahathir's aura of success has given him an nnmatchable appeal that could easily translate into political clout even after he quits as PM By' Yang Razali Kassim IF there is one thing that Malaysian Prime Minister Mahathir Mohamad is not
      AFP  -  1,237 words
    • 505 12  -  MAILI.TTm Ee Teck Siew Singapore I REFER to the letter "Board representation for small shareholders needed" by Ang Hao Yao (Mailbag, June 17). It is not commercially savvy for the law to intervene in matters such as the appointment of directors. In any case, the
      505 words
  • Page 12 Advertisements
    • 99 12 Fax your letters to 6319-*****r email them to btletterQsph.com.sg or write to: The Business Times, SPH HQ, 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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  • Page 13 Advertisements
    • 205 13 R 1 wwrnzoneiai hcorn.sg I lH^t, &> JP i dr #1 I 1 |\V'.fx I 1111 lrl i% f 1 mf m The next time you make a business call overseas, just dial 1511 to enjoy premium quality Vf '%'t 1 1L Pa mm *?4^ and substantial savings with our
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  • Article, Illustration
    1098 14 Transaction date.Jun 23 [MTERBAirg CROSS RATES A$ C$ ftmb Euro HK$ Ind Rs BupUh Yw Won NZS Prt lis Peso S$ Rind Sfr HT$ Baht Pound US$ Australia 0.908 5.531 0.575 5.197 31.058 54.965 0.787 7.932 2.533 1.140 38.541 35.588 1.159 5.280 0.884 23.059 27.701 0.401 0.666 Canada 1.101
    1,098 words
  • REGIONAL news
    • 297 14 BEIJING Up to 180b yuan in short-term loans being called in under new rules AFP Bloomberg CHINA'S commercial banks are expected to recall up to 180 billion yuan (5537.5 billion) in short-term loans from property developers in line with new guidelines launched by
      AFP; Bloomberg  -  297 words
    • 419 14 BEIJING Reuters INDIA'S top software services companies are making a beeline for China, lured by its huge market, but they face an uphill battle against language, culture and regulators. Among the firms knocking on the door are three of India's four largest
      Reuters; AP  -  419 words
  • 1612 14 SICOM FUTURES Jun'23 RUBBER Futures (Closing prices) RSS 1(S cents/kq) Close VoIuim Open Month High Low Sett (tonnes) Interest Jul 03 177.00 Aug 03 172.25 Sep 03 165.25 Oct/Dec 03 161.75 RSS 3 (US cents/kq) Volume Open Month Hlqh Low Sett (tonnes) Interest Jul 03 100.50 100.50 100.50 75
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  • WORLD news
    • 498 15 NEW YORK Maguire Prop and American Financial expect to raise about USsl-33b Reuters INVESTORS may be able this week to read an IPO bestseller called A Tale of Two Reits. The real estate investment trusts are Maguire Properties Inc, an owner
      Reuters  -  498 words
    • 316 15 AFP [TOKYO] Japan's trade surplus with the rest of Asia in May rose for the fourth straight month, but export growth was the smallest in 14 months partly due to the impact of Sars, official data showed yesterday. Japan's trade surplus with Asia
      AFP  -  316 words
    • 135 15 Reuters [NEW YORK] Large US banks have received "feelers" from smaller banks looking to be targets of acquisitions, The Wall Street Journal reported yesterday, citing unidentified bankers at larger companies. The banks most talked about as acquisition targets, The Journal reported, were Fleetßoston Financial,
      Reuters  -  135 words
    • 553 16 NEW YORK The sector is likely to plod back slowly as firms pat tighter rein on IT budgets NYT THERE are hopeful glimmers that the long-antici-pated yet elusive recovery in the information technology business may finally be coming into view. Besides
      NYT  -  553 words
    • WORLD Watch
      • 95 16 Bloomberg [SYDNEY] AMP Ltd, Australia's biggest life insurer, said it will cut 900 jobs after closing its UK-based NPI life unit to new business, part of a plan to sell its British insurance operations. AMP has now closed all its UK life insurance
        Bloomberg  -  95 words
      • 94 16 Bloomberg [SEOUL] Chohung Bank, to be part of South Korea's No 2 lender following a takeover by Shinhan Financial Group Inc, received 3 trillion won (*****.3 billion) in central bank loans after a strike led customers to pull a ninth of deposits. The
        Bloomberg  -  94 words
      • 63 16 Reuters [WELLINGTON] Stock exchange operator New Zealand Exchange Ltd yesterday set the price for its NZ$lO million (5510.2 million) initial public offering above its indicative range, citing strong demand for the small issue. The NZ$3.6O price compared with a NZ$2.5O-NZ53.25 range that NZX forecast in
        Reuters  -  63 words
    • 340 16 U WASHINGTON Bloomberg THE US Office of Federal Housing Enterprise Oversight (Ofheo), charged with regulating mortgage financiers Freddie Mac and Fannie Mae, lacks the money and authority needed to do the job, investors and legislators said. The two governmentchartered companies,
      Bloomberg  -  340 words
    • 282 16 AFP [LONDON] Oil prices headed upwards yesterday as twin attacks on fuel pipelines in Iraq raised fears that a deteriorating security situation could affect the resumption of crude exports from Iraq. In London, the price of benchmark Brent North Sea crude oil
      AFP  -  282 words
    • 481 16 LONDON Bids for French firm's media assets due yesterday Bloomberg VIVENDI Universal SA, the French company that expected to get six bids for its US media assets yesterday, will look familiar to French investors after the sale a holding company with units from water
      Bloomberg  -  481 words
    • 275 17 LONDON Banks said to have lost clients'money and documents Reuters MANY wealthy clients of private banks are getting poor service, even discovering that money and key documents have gone missing, a survey published yesterday showed. Many private banks, which grew fast during
      Reuters  -  275 words
    • 261 17 Internal reforms at Ernst Young NEW YORK ERNST Young is implementing a raft of internal reforms as the accountancy firm seeks to answer critics and improve its reputation, the Financial Times reported yesterday. The firm has come under pressure in the US over recent months for its work at audit
      261 words
  • 4967 15 Transaction date.Jun 23 HONGKONG vol HKumti.... 1.39 -ooe 2872 HKS *1- 000 Hong Kong Electric 30 60 -0 30 4784 Hongkong Chinese 0.84 -001 5098 AlphaGeneral 0.28 unch 199 Hongkong Chinese Ltd 0.84 -0.01 5098 Ananda Wing On 0.01 unch 0 Hopewell Holdings &00 -025 1718 Angaria New
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  • Page 15 Advertisements
    • 313 15 CFP I j Stand Out fromThe-CrOWd^ The CFP CM certification is a mark of excellence granted to individuals who meet stringent standards of education, experience and ethics. It is the most prestigious and internationally accepted financial planning qualification, recognised and respected by the global financial community. The CFP CM certification
      313 words

  • 2601 16 Transaction date.Jun 23 KUALA LUMPUR Gar«dCorp -1.17 -004 68 Vo General Corp 0 47 -0.01 241 KM COOOl General Soil 1.26 unch 0 Genting 14 30 unch 584 AiM Realty.... 0 80 unch 0 George Kent 0 38 0.01 51 Abrtc 088 -0 02 206 Globetronics Tech .4.96 -0.02
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  • 905 16 Transaction date. Jun 23 Mt* mm m o—» ami I wwt—i m cum amy AflgrccnSOc 0.43 1X110 -0 010 NatSM SOc 0 56 2 680 -0.010 C*C 0.S3 4 840 -0080 OCBC 8 94 10 500 Cjpuund 1 18 1.320 -0040 OUC 056 6.950 -0.100 Chart SemtCond 26c 096
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  • 545 16 BONDS WARRANTS Last Vol Can* bar 'dIk Company Sale *m- (*000) lUtto Wo laj Left ASTIW*****1 55 1 16 96 2.54 12 AcmaLtdW*****6 15 1 50 442 6.93 17 Amtek W*****0 67 -1 9 1 99 2 146 24 Armstrong W040S20 A 0.5 21 1 10 93 2.69 11 Boustead
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  • 6349 17 Transaction date: Jun 23 52-M Last Vol Day Last Quota GrtXv Div GrYW MM MCaa Wg» low Cowpawy SaU |D00) High low Itiyor SaOor Cw P*f fan* ABNAmroNLG 56c 9 12 3.4 1M B 16 9 ACE Dynamics20c 16xd *0 5 46 16 15 16 17 100 125
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  • 70 17 UM Lact Vol Day lattQuota GrOw Wv GrYM MM MCjb U» Ciwp—y w- foan Hiafc to» »uyr Sdfcr Cvr W W 9600 89 Dumorufc US8780*d 3750 2700 IS DJ US Tcdl US3740 555 555 IS MSCI Spore USSS5 8270 8200 ISSAPS00 US8270 990C 8280 SPDRS US96SOxd 1670 1230
    70 words
  • 1647 17 U-Wk Last Vol Day List Quota GrOfc Wv GrTW Not MCap lirth low Company Mo CBOW Hi» Low Wyw 5o8or Cw W SnJi 17 7.5 ABRHIdgsSt US «0.5 145 IS 14.5 14 5 15 28 23 15 APOiISc .21.5 i*xh 78 21 5 215 21 5 22 27
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  • 330 17 SHft last Vol Day LMQuet* Grtt* Mr Grttd Net MCaa MWi L— CTM> com M+ lw» *rrm Utm Cm K W 1S3 81 AVJeoningiWSc A149cd -2 78 ISO 149 149 150 40 3.4 6.7 87 3207 Cathay Pac 20c HK720 265 21 7 4 6 *****2 Cheung KongSOc
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  • Page 17 Miscellaneous
    • 224 17 CRYPTIC CROSSWORD 29 Castle (4) 30 It's present in a constantly recurring form (10) see those seeking the elixir YESTERDAY'S SOLUTION lite 1 Across: 1 Jackpot, 5 Chaffed, 9 V o ../xv 16 J ravel overseas t0 9 et Spiral staircase, 10 Lie in, 11 Ai--1 Survive, after all (4)
      224 words

  • FOCUS enterprise
    • 1122 18  -  Ya Kun Kaya Toast has carved a niche in the F&B market, Daniel Boenas discovers Daniel Buenas WHAT does it take to become a great entrepreneur? Shakespeare once penned "Be not afraid of greatness: some men are born great, some achieve greatness and some have greatness
      PHOTOS: ARTHUR LEE  -  1,122 words
  • Page 18 Advertisements
    • 944 18 Notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF THAMES CAPITAL PTE LTD (In Members'\oluntary l iquidation i NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act (Chapter 501. that the Final General Meeting of the Members of the above-named Company
      944 words
    • 182 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 501 AND IN THE MATTER OF PMS INVESTMENTS PTE LTD (In Mrmbers' Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act (Chapter 50). that the Final General Meeting of the Members of the abovenamcd Company will be
      182 words
    • 88 18 ■7Sm7\r|| Reach your shareholders and potential shareholders by publicising your company's financial results in our newspapers. GREAT SINGAPORE SALE GERICOT MEDOC 2000 3 BOTTLES FOR $54.00 LINDEMANS BIN 45 3 BOTTLES FOR $60 BROUILLY J. DROUHIN 1999 3 BOTTLES FOR $75 VINO SANTO 1993 3 BOTTLES FOR $95.00 COLLECTION OF
      88 words
    • 170 18 0- 4* 0- II OHO and Qll. -iwtrw. The Best Of Teochew Porridge At The River Terrace Be Porridge Savvy and eat your way to a healthy lifestyle! Have Porridge either way, with or without chunks of Sweet Potatoes In it To accompany your porridge, we offer a range of
      170 words

  • SHIPPING TIMES
    • 275 19 Reuters The Baltic Dry Index fell 3 points to 2150, the Baltic Capesize Index fell 6 points to 2929, the Baltic Panamax Index fell 6 points to 2066 and the Baltic Handymax Index rose 18 points to *****. TIME-CHARTER: Eurosailor (built 1996) *****8 dwt delivery Oita 5/10 July
      Reuters  -  275 words
    • 277 19 S6X '000 J— 23 S$ Vol CWT Distribution 0.59 -0.02 73 Chuan Hup 0.40 -0.01 3136 CH Offshore 0.21 0.01 149 Cosco Investment _..0.26 0.01 1558 Freight Links 0.05 unch 380 G8 Holdings 0.68 unch 76 Jaya Holdings 0.34 unch 280 Keppel Corp 4.92 -0.02 1513 K1 Venture
      277 words
    • 615 19  -  But it reckons rate restoration will continue despite rising capacity By: Donald Urquhart [SINGAPORE] Investment bank ÜBS has cut its container demand forecasts for the remainder of this year and 2004 due to the Sars-in-duced slowdown, but is confident that rate restoration will continue despite
      Source: UBS estimates  -  615 words
    • 310 19  -  World's largest fast ferry to be built for Fred. Olsen By] Beth Jinks [SINGAPORE] In a signi-fi-cant coup for Australian shipbuilding. Western Australia's Austal Ships has won a contract to build the world's largest high-speed, multihull ferry for European operator Fred. Olsen. Set for
      310 words
    • 302 19 AP [ATHENS] The Greek coast guard yesterday questioned the crew of a ship carrying 680 metric tonnes of explosive material to determine any possible terrorist or criminal link. An army demolitions expert was also asked to examine the cargo aboard the Comoros-flagged
      AP  -  302 words
    • TURBULENT skies
      • 869 20 Analyst forecasts loss of 500 m Swiss francs this year as Iraq war, Sars and terrorist fears hit carrier's fortunes Bloomberg [ZURICH] SWISS International Air Lines Ltd, the national carrier, may become the latest European airline to ground planes as
        Bloomberg  -  869 words
    • 111 20 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
      111 words
    • 9422 24 thebusinesstimes EXPORT ETA ETA Advertiser Vtsst< VoyiQ# Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Nam# Number Number 12/07 22/07 UASC FOKAIRET C250* 65-M2294K) A ARID JAM (ARJ) 9QQ3 Cote D'lvoir# 1 3/07 22/07 COSCO GAO HE 203W 6S^22t|900 T
      9,422 words
    • SHIPS IN PORT
      • 772 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ANTONIS 548 J15/16 A/SIDE 23/06 2300 K CEMENT2 21/06 J23 A/SIDE 23/06 0100 AEOLIAN SUN AS301 J7 23/06 2000 26/06 2300 ATMODA ***** J8 23/06 0900 25/06 2300 BATAM MURNI J***** J6 23/06 0900 23/06 2300 BAYSWATER118 M3141 J3
        772 words
      • 2156 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr A« DAHLIA 063S 063S 1 24/0W003 12.00 -OVOO T02 *a HIBISCUS 080N 080N 24/06/2003-08 00 2S/06/2003-0100 T04 ALMA LIBRE 9001A 9001A 1 26/06/2003 19 30 2 7/06/2003 12 00 ALTONA
        2,156 words
      • 138 25 Jan 24 Philippines: Manila Day. Jul 1 China: Communist Party. Hongkong: SAR Estab Day. Thailand: Bank Holiday. Jnl 14 France: National Day. U Kingdom: Orangmen's Day. Jul IS Brunei: Sultan Birthday. Thailand: Buddhist Lent Day. Jul 17 S Korea: Cons Day. Jul 20 Japan: Marine Day. Aug 1
        138 words
      • 818 25 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 averagesired stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        818 words
      • 603 25 Carbon 180 Mai 992.2 0.3 15.7 0.07 4S 0.02 jun 19 Density Hater Residue AsAAIuminium Sediment No above E25 2 0 2 0 0 0 rrr; 380 Ave 986.3 02 14.5 0.05 22 0.02 Uim 380 Ma> 995.0 0.4 17.5 0.09 74 0.09 »6/w3 h v/v
        603 words
    • AIR & LAND transport
      • 318 26 NZ's antitrust body views proposed tie-up with Qantas as anti-competitive Bloomberg [WELLINGTON] Air New Zealand Ltd said it will be vulnerable to takeover if regulators block a proposed alliance with Qantas Airways Ltd because the country isn't big enough to support three
        Bloomberg; AFP  -  318 words
      • 459 26 Move comes after terror crackdown in Nairobi AFP [NAIROBI] Kenya said on Sunday a "terrorism threat" has led it to ban flights indefinitely both to and from neighbouring Somalia. "Kenya has closed its airspace to every aircraft coming from Somalia, or flying to that
        AFP  -  459 words
      • 402 26 BA says it will retire its five snpersonic jets in October as planned Reuters [LONDON] British Airways Pic spurned a £5 million (5514.6 million) bid for its Concorde aircraft from rival Virgin Atlantic Airways on Sunday, and said it would retire the
        Reuters; AFP  -  402 words
      • 223 26 Bernama [PONTIANAK. West Kalimantan] Travellers may soon be able to fly between Pontianak and Kuching with Indonesia Batavia Air as the company is finalising flight details with Malaysia Airlines. West Kalimantan's tourism and culture director Kerzi Hamidi said the two parties were discussing
        Bernama  -  223 words
      • 316 26 AFP [SHUNEH. Jordan] Baghdad's international airport will reopen to commercial airlines from the United States, Europe and the Gulf within weeks, a senior US official said here on Sunday. "The Baghdad airport will open in the next few weeks." said Andrew Natsios,
        AFP  -  316 words
      • 258 26 Sars, flight cnts on some routes hit airline's figures Bloomberg [TAlPEl] China Airlines, Taiwan's biggest airline, said sales declined almost a third in April and May from a year earlier as people put off travel plans because of Severe Acute Respiratory Syndrome (Sars) and
        Bloomberg  -  258 words
      • 158 26 Bloomberg [SEOUL] Korean Air Co plans to offer three weekly flights between Rome and Milan after South Korea's largest carrier agreed to a ticketing accord with Alitalia SpA to meet travel demand to these cities. Starting tomorrow, Korean Air will provide its customers a
        Bloomberg  -  158 words
      • 1961 26 CITY FLIGHT ETA FLIGHT ETD EM10 1935 MaiaMo LH9770 2235 Fraufctart LM9762 0635 LM9765 1230 ***** 223S S025 0635 S0326 1230 SQ335 0635 BA7305 2250 Amttftem BL837 1455 0*974 0130 LM9764 1445 0F5 2250 KLB3« 2255 ***** 1445 IM779 2305 5024 2344 LH778 1555 U4679 2305
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  • Page 19 Advertisements
    • 99 19 42 Circular Road Singapore *****8 65-4536 2029 www.mollT-malone.com H I Get Shanghai'd at Molly's! I |CT Shipping Industry Night every Tuesday I k I Free rum shots from a bevy of fine-looking Rum Runners H "Hoist the Jolly Roger" from spm to Bpm with I draught Heineken and Tiger at
      99 words
    • 97 19 SINGAPORE COLLEGE OF INSURANCE presents another quality event W& Principal Speaker: JUSTICE (RTDI G P SELVAM a panel of distinguished speakers deliver EXECUTIVE seminar on MARINE INSURANCE CLAIMS Minimise Losses, Understand the Law Claims Settlement V Those Who Must Attend Marine Insurance Practitioners Insurance Claims Managers Marine Underwriters Sea Freight
      97 words

  • Page 20 Advertisements
    • 691 20 BWM^P^GfTIRVDI^H t tTW 'T i lflf Mliniofflm^M I IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (88X) [AUSTRALIA ASIA EXPRESS (AAX) -***** *2! w? «m w» vessel I vor 1 wi 1 stb ma I ADt «i pkg PIO NEDUOYD STUYVESANT 16W23 11/0* 29/0* 01/07 KO NEDUOYD AMUIM tSN OMIT
      691 words
    • 509 20 Lines services represented by »««"b« ol H» ta«i«d Shipping Agrt. S»OT« l»»*» Singapore Shipping Association SQCt 00 gjj ULY UNE MALE f MISSEL VOT HA ETA ETA A P. KLAWG SPOKE MALI Princess Uly 0603 24/06 26/06 05/07 Maid Star 540 A 03/07 05/07 14/07 Empress Uly 0403 13/07 15/07
      509 words

  • Page 21 Advertisements
    • 1182 21 TO USA (SAX SIRVKE) VtSStl VOT SIM CTA LAX OAK DAL MOM CHI COL WW ATI NYC APL CANADA lMt 25/06 10/07 14/07 15/07 15/07 15/07 15/07 15/07 IS/07 11/07 API SCOTLAND USE 02/07 17/07 21/07 22/07 22/07 22/07 22/07 22/07 25/07 25/07 API BELGIUM 1161 09/07 24/07 28/07 29/07
      1,182 words
    • 1905 21 OUR SERVICE PROM SINGAPORE TO BUCK SEA VIA PORT SAID* ODESSA (IKRAME) 19 DAYS MWUIACHrn UKjAPOt E, 00 ROOMSONRO *12-00 SAUS/KGS TEI: *4205.57/41 ML ******21/24 I l rfw (TIUTTI' nMMiy I* I l!S 3.5 S«lo»J pp,M6 ITD EEnssu sshs 1 assf ass I JOHM'SOfFW: [omw&ui m2osi so I EVHY TUESDAY
      1,905 words
    • 568 21 VESSEL VESSEL VOY SIN SltC JKT ANANBHUM N288 27/6 2/7 3/7 8/7_ jWjV]_ WITHI BHUM QiS 28/4 1/Z_H3Z HUNSA BHUM N068 I 4/7 YTtT 10/7 15/7 17/7 19/7 NITHIBHUM OAS 5/7 8/7 9/7 GANTA BHUM HOBO 1 11/7 1 16/7 117/7 22/7 24/7 [~26/7l j WITMIBHUM 07S 12/7 15/7 16/7
      568 words

  • Page 22 Advertisements
    • 1047 22 HMNO HYUNDAI MERCHANT MARINE CO., LTD. Hi«i M |i: wwwj—2l.<«« NO. HOWWOOOOM |vßsa VQT "ST sou la inn ant ham |wv [vessel vot I sou ]uh htm ant ham wtv" TIT API DENMARK 107W It/04 07/07 09/07 11/07 MOL PROMISE 00<E 30/05 11/05 74/05 77/0$ 17/0* MOL PRIORITY 007W 20/0*
      1,047 words
    • 520 22 W\ 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 moro details, call HOTLINE: *****588/1800-*****00 vtssa w sm m w \xx Jakarta m ASIA EXPRESS IMA
      520 words
    • 706 22 BSA i MYANMA SB FIVE STAR LINE (MywHMr Nitiwal Um) Loadiag fer Ybn|»« VESSEL VOY SIN PU PEN PCU PAGAN 306W SID NPA-A* 30 7W SU> IN MAUYSIA: lOUSTIAO SHIPPING AGENCIES KUL 03-! *****00 PKI: 03-*****101 PEN: 04-*****02 tg> BANK LINE (A Jtrvk* tf kairtw W«ir Skipping) I NOKTHSOUNP TO
      706 words

  • Page 23 Advertisements
    • 1233 23 iVtSStL VOY KHH HKO SIN PKL DXB BAB DMM UK IRAN HOftMOZGAN PCL 317 24/06 25/06 2S/06 29/06 06/07 07/07 13/07 15/07 IRAN TEHRAN PCL 318 01/07 02/07 05/07 06/07 13/07 14/07 20/07 22/07 UNDAVIA PCL 319 08/07 09/07 12/07 13/07 20/07 21/07 27/07 29/07 IRAN KiRMAN PCL 320 15/07
      1,233 words
    • 562 23 UK CONTINENT SERVICE Loading for GULSER ANA RDM/ATW/BMN/UK/NAN EVANGELISTRIA ROM/ATW/BMN/U K/NAN Loads Singapore. EVW Mateyoa. Indooeaia MIDDLE-EAST SERVICE Loading for J SAFE DBl/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA PAN BRIGHT ADN/HDD/JDH/AQA APJ ANJLI DBl/ABU/DOH/BRN/DMM/KWT •Loads Singapore. E/W. Malaysia Indonesa USA SERVICE Loading for QUI GONG JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX/M2L 'Loads E7W.
      562 words
    • 869 23 VTCHI JfflL Hfl £01 Visa ¥01 su jm gzg Jim 21/0* fA< HUTAH wot ril* m/o* S£= 23Z54 -CiUUUJ loot m/S mM 24/0* 24/0* PACMIITAii IM7 ai/aj 4£lAttA fiSZa 25/0* 26/0*- M(SUUI ,007 pac panda mm 26/o* 27/o* pacoanpa own 21/ot 2i/o* PAC lANDA 0900N 30/04 VESSEL WOY UM ni»
      869 words


  • Page 25 Miscellaneous
    • 113 25 FOR 7AM 24 Jun 2003 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds p a j n One half fleche represents 5 knots Cloudy Day "One full fleche represents 10 knots Hazy A -One solid triangle
      113 words