The Business Times, 25 June 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 MITA (P) 024/03/2003 850 THE BUSINESS TIMES SINGAPORE Iniomf t: .com.sg WEDNESDAY, JUNE 25, 2003
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  • 561 1  -  Sharp pullback reflected weak US economy, reduced M&A activity By Chuang Peck Ming [SINGAPORE] A stalled economy has dampened Singapore's direct investments in the United States, slowing the flow of capital there by almost two-thirds last year. According to the US Department of
    561 words
  • 790 1  -  RTMMIIUmd Showdown in the offing this Saturday over unpaid maintenance fees By Anna Teo [SINGAPORE] While a major review of the Land Titles (Strata) Act is underway to prevent a repeat of the People's Park Centre fiasco, the entire episode featuring the
    790 words
  • 749 1  -  mi-MAnum Infrastructure is in place and firms have the expertise By Raju Chellam [SINGAPORE] If you think infotech outsourcing a fast-growing business for a good number of Singapore companies is just a passing fad, think again. As early as next
    Source: IDC Asia-Pacific  -  749 words
  • 497 1 Bloomberg Reuters [NEW YORK] Consumer confidence in the US is higher than expected this month, an influential report showed yesterday as central bank policymakers open a two-day meeting to ponder cutting interest rates to a 45year low to boost a
    Bloomberg; Reuters  -  497 words
  • 69 1 STI 1,464.21 (-27.58) ST INDEX FUTURES M 70.00 (-25.00) SIMSCI FUTURES 182.1 (-4.00) Tiwsday Chang*' KLSKCOMI' «7K.;*S 4>.IK MKKKI 22-"» MBS.217 KM ham; sKXii -hm«m SKTINDKX MR *77 JAKARTA COMI' ..3W.I9. *12 USUCOr IjSM79 All Tjuravn UM- i24i SEOULOMP 1058 SMKN/.IIKN H 2IH IK »UI Al ST ALL«»KI> :«.itt.Y20
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  • 95 1 FOREX RATES US* s$ I 'SS |SS P«T I SS) I 74«l Yll'SS'SS per Y|_ 1.671 iWlT Ki WHiss ss k) n-» ±«w YKX 117.8 87.70 KM ifm iiHi M KS 7 7W 4.4S1 BAHT41V. SKS ■fl AH KCK 4.7*1 KKNMINBI 4 771 INDIAN Him 4UI MM AS I.5H6
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  • NEXT page
    • 754 2  -  Move will boost self-sufficiency; but some concerned it'll dilute goal of CPF By Chuang Peck Ming [SINGAPORE] Central Provident Fund savings may find yet another use helping Singaporeans to tide over spells of unemployment. A panel of the Remaking
      754 words
    • 535 2  -  From Shoeb Kagda in Jakarta INDONESIA'S first initial public offering (IPO) this year and its largest in seven years has met with overwhelming response, signalling a return of investor confidence in the country. The government yesterday announced that PT Bank Mandiri, the country's largest
      535 words
    • 526 2  -  OBITUARY By Ven Sreenivasan [SINGAPORE] One of Singapore's best-known criminal lawyers, R Palakrishnan, died suddenly in Melbourne yesterday. Pala, as he was affectionately known by friends and associates, was visiting his son Sanjay, 22, in the Australian city. He was also in Melbourne to consult
      526 words
    • ON THE grapevine
      • 86 2 AT Monday's annual dinner of the Association of Banks in Singapore (ABS), several cheques were given to President SR Nathan totalling $1.3 million for the President's Challenge 2003 charities. It didn't escape notice that the cheques came from two local banks DBS and OCBC. Inquiring minds at
        86 words
      • 156 2 AT the same ABS dinner, Jackson Tai, DBS vice-chairman and CEO, looking cool in dark glasses as he struck up on the drums in a surprise performance, also displayed more than the usual dose of humour for a senior banker. In his speech as the new ABS chairman,
        156 words
  • Page 2 Advertisements
    • 26 2 I $lf> I Lianhe Zaobao I The army of I I unemployed I I in China I ml I I I 4<b I I *****?A£Jk I
      26 words
    • 86 2 3 5 J3 Lm Wide Range of Exclusive J3 J2 J3 J3 SWISS MADE 5 Qreat Midyear Sate 3 J3 Jewellery Box J3 3 Qreat Saving!! S 25% f)O% •Bevelled Glass jj J3 J3 Children J3 J5 wjI44AA4Jf •Instrumental WUiIU Stack JLcuU! Display jj ja J: M JOBIN STUDIO LINE
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  • Page 3 Advertisements
    • 367 3 V. The Ernst Young |||ll\ World Entrepreneur Of The Year Awards 2003 {HIV A Celebration of Entrepreneurial Excellence tik WorW s Business Award c" > ft •> ;v V:, i tM M_ Australia TT\ etwecn sth and Bth June 2003, 26 of the 1 3 world's top entrepreneurs gathered in
      367 words

  • SINGAPORE companies
    • 473 4  -  Anticipation of offer diverting funds from bonds of other Singapore banks By] Michelle Quah UNITED Overseas Bank said yesterday it will issue US$l billion of debt, quashing weeks of speculation about the size and price of its bond offering. As the first global
      FILE PHOTO  -  473 words
    • 250 4  -  By Siow Li Sen UNITED Overseas Bank has again been named best local bank and DBS best local investment bank by Finance Asia magazine. UOB and DBS also won the awards last year. For the past six years, Finance Asia has chosen the best
      250 words
    • 259 4  -  Move part of group's ongoing efforts to right-size organisation By{ Chuang Peck Ming CONFIRMING talk of lay-offs, Singapore Press Holdings said yesterday it will retrench slightly more than 100 staff. The move is "part of the company's continuing efforts to right-size the organisation", SPH
      259 words
    • 660 4  -  siow li sen IT is hard to imagine that United Overseas Bank chairman Wee Cho Yaw, who is both feared and admired for his banking acumen, would acquiesce in his bank offering a zero interest rate home loan, no matter how persuasive his charming
      660 words
    • 514 5  -  YHI Int'l shares priced at 50c apiece; Juken Tech offer at 22C each By Daniel Buenas AFTER a slew of initial public offers from China-linked companies here recently, two new mainboard IPOs with strong Japanese ties Juken Technology and YHI International were launched yesterday. Both
      514 words
    • 360 5  -  Every 1,000 Ossia shares will get 1,235 ITG shares Byi Andrea Tan SPORTING goods distributor Ossia International plans to return $11.7 million to shareholders by way of shares in its listed subsidiary Internet Technology Group. For every 1,000 Ossia shares, shareholders
      360 words
    • 184 5  -  By] R Sivanithy TRADERS weren't just frustrated by a falling stock market yesterday they also had to deal with two breakdowns in the computerised trading system. The first lasted from 2-2.50 pm. and although trading then resumed, the system was shut down again between 3-4 pm.
      184 words
    • COMPANY Briefs
      • 88 5 CAPITALAND'S Australian-listed subsidiary, Australand, said it will sell half its stakes in two commercial office developments to Commonwealth Property Office Fund for A 5244 million (*****.6 million). The properties are the King Street Wharf, Sydney, and Freshwater Place in Melbourne. Australand said profits from
        88 words
      • 59 5 WEALTH management firm dollarDEX is teaming up with Evergreen International Advisors to build a fixed-income asset management business in Singapore and the region. The new service, to be called dollarDEX Institutional, is targeting large clients like pension and insurance funds, central banks and large corporations.
        59 words
      • 49 5 PRECISION consumable parts maker Micro-Mechanics' enlarged public tranche of 3.512 million initial public offer shares was 127.2 times subscribed. The firm offered 22 million new shares for its Sesdaq IPO at 23 cents each. Based on the total IPO size, the issue was 21.15 times subscribed.
        49 words
      • 41 5 NAM Lee Pressed Metal Industries has reported flat earnings growth for the half year ended March 31, 2003. Group profit fell to $1,406 million from $1,411 million while sales rose 8.7 per cent to $24.15 million.
        41 words
      • 63 5 ASL Marine Holdings Ltd said its wholly-owned subsidiary, ASL Shipyard Pte Ltd, has secured shipbuilding contracts worth $42 million to build 10 vessels. These contracts involve the building and delivery of vessels for Boskalis Australia, Manhattan Investments, Bakri Navigation, Red Sea Marine Services, SvitzerWijsmuller and
        63 words
      • 106 5 VALUAIR, in its feasibility study to set up a budget carrier in Singapore, is looking into operating out of Seletar airbase instead of Changi airport so as to reduce costs, according to Channel News Asia (CNA). The broadcaster quoted ValuAir spokesman Jimmy Lau as
        106 words
  • Page 4 Advertisements
    • 293 4 i jmm■* ha -,«>• t Singapore Press Holdings Newspapers |k f < Look out for Qrtat Singapore Bala -IB >Snm w I ft W \-~CC. t/?/s decal at Spend $30 ailnin&im in a single receipt at pertidpating outlet*. CaH the <**"' participating contact hotlne **********2* before 12 noon the next
      293 words

  • Page 5 Advertisements
    • 541 5 CUSTOMISED IT SOLUTIONS We listen, we understand. We deliver your expectation! Database Applications Bar-coding Warehouse Project Costing Purchase Optimization and more Web Applications e-Quotation e-Work Flow and more Telecom Billing Solution Integrated Billing, Accounts, Sales Analysis and more Since 1996 FREE BSS solutions are in use in consultation for several
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  • SINGAPORE markets
    • Article, Illustration
      336 6 OTHER SINGAPORE INDICES Jun 24 VALUE CLOSE BTO&DS -234.00 265.00 BTCAM -*****.00 -102.00 BT 10-day MA *****.00 -23.00 AN-SGEqditiM 397.05 -5.80 SG Equities Eta* 138.85 S6 EquittM Fin 1244.44 -33.78 SG Equities Prop 370.75 -5.87 MSCI Singapore 181.88 -3.78 SiMSCt Futures 182.10 -4.00 Stocks Volume Sinomem Tech 2c 30,193,000 Full
      336 words
    • 882 6  -  AIMIMJI'JM'.'I CURRENCIES larry wee JITTERS ahead of a US interest rate cut expected early tomorrow found financial market players nervously locking in profits over the past week. Almost unanimously, stocks and bonds around the world reversed course after scoring new 2003
      882 words
    • 783 6  -  STOCKS r. sivanithy THE "buy-in-anticipation, sell-on-fact" rumours that started to circulate on Fridaylast week have been confirmed stocks had risen sharply ahead of the US Federal Open Market Committee meeting, and now that the meeting is actually in session, it's time to sell.
      783 words
  • 3824 6 UNIT TRUSTS FUNDS Com Global Infotec Index Fd'" 0 30V Com Global Energy Index f d 0 873/ Com Global Travellndex Fd 0 689/ AM Amro Asset Mgt (S para) Com S pore Bond Fu n<V" 1 108/ Star Europe Eqty'** 0.65/ Star Europe Bd 1 305/ Credit Agricole Asset
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  • SINGAPORE news
    • 441 7  -  EYEF*1iI EIU pats real GDP growth at 2.6%, speeding up to 4.5-5% next year By Anna Teo WEAK US demand, coupled with the negative impact of the Sars outbreak, will hold back Singapore's growth in 2003, says the Economist Intelligence Unit
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    • 416 7  -  By Samuel Ee THE North-East Line was rated "8 upon 10" on its fifth day of operation by Acting Minister for Transport Khaw Boon Wan yesterday. But a perfect score will be difficult to achieve because of little problems like inadequate signage
      416 words
    • 208 7 IN a move that is set to end the former Singapore Cable Vision's (SCV) sevenyear monopoly of pay-television, the Media Development Authority said yesterday it will invite bids for a second pay-TV licence as part of efforts to boost competition in Singapore's broadcast market.
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    • 260 7 King Abdullah, trade minister welcome proposal PRIME Minister Goh Chok Tong has proposed a Free Trade Agreement (FTA) between Singapore and Jordan. The proposal was made in a letter to Jordan's King Abdullah 11, delivered on Monday by Singapore's Minister for Trade
      AP  -  260 words
    • 199 7 A NEW intellectual property (IP) taskforce will be set up to help businesses here prepare for the stronger IP laws arising from the USSingapore Free Trade Agreement (FTA). according to the head of the Intellectual Property Office of Singapore (IPOS). Speaking at a software
      199 words
  • Page 7 Advertisements
    • 368 7 In 88 countries across the world, our customers work under a common banner En rr Power of Simplicity ft Over 1 million users in 88 countries share a common experience when it comes to the Tallv ccs 6.3 the power of simplicity. Today, it has become an indispensable tool in
      368 words
    • 130 7 One of Italy's leaders in k H contemporary jjmjj| K design for nearly 50 years. J IIL J especially renowned for its hand stitched leather Armchairs, sofas, ottomans, chaise-lounges are produced with traditional workmanship using the finest material. Close attention is paid to the smallest detail and meticulously made to
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  • EDITORIAL & opinion
    • 762 8  -  OPINION leon hadar THE American and international media coverage of the continuing violence in the Holy Land and the recent American efforts to relaunch the Israel/Palestine peace process has been dominated by political and military news. The conventional wisdom is that the
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    • 76 8 'Lawmakers abolished our constitutional right to comment on the policy programmes of parties and candidates, to make predictions regarding the outcome of elections, or to warn voters about the possible consequences of a victory for any political force.' -Vremya a leading Russian newspaper, after the Duma (Parliament)
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    • 559 8 EDITORIAL COMPARED with the melodramatic scenes a year ago, last weekend's general assembly of Malaysia's dominant political party, the United Malays National Organisation (Umno), was something of a non-event Yet the three-day meeting had landmark significance: it put to rest any talk that the long
      559 words
    • 1124 8  -  Traditional leadership development programmes do not yield business results because there is insufficient emphasis on action learning By B H Tan, Donald J Huse IN corporations around the world, it is a commonly-heard complaint from business managers and executive development specialists that the
      FILE PHOTO  -  1,124 words
    • 437 8  -  Ee Teck Siew Singapore WHILE the shipping and logistics industry may be celebrating David Lim's appointment as NOL's chief executive. I bemoan the loss of an entrepreneur to Singapore. The Remaking Singapore Committee has "left no stone unturned" in reviewing all
      437 words

  • REGIONAL news
    • 528 9 KUALA LUMPUR And many will be watching the style of his successor, Abdullah Badawi Reuters FOREIGN fund managers say they won't weep over the departure of Malaysian Prime Minister Mahathir Mohamad, but they won't rush to boost their currently light holdings of Malaysian
      Reuters  -  528 words
    • 221 9 KUALA LUMPUR AFP MALAYSIAN Prime Minister Mahathir Mohamad yesterday pitched for investment in the Malaysian stock market, urging investors to take advantage of currently un-der-valued shares. Despite an uptrend in the bourse with the benchmark index rising to around 680 points from 630 earlier
      AFP  -  221 words
    • 286 9 KUALA LUMPUR Cabinet reshuffle mainly involves MCA leaders Bloomberg THE Malaysian government, in a Cabinet reshuffle, named Chan Kong Choy, a deputy finance minister, as transport minister to replace Ling Liong Sik, who quit after 17 years. Malaysia also named Ng Yen Yen, deputy minister
      Bloomberg; THE STAR  -  286 words
    • NOTE Book
      • 79 10 [SINGAPORE] GIC Real Estate, the property investment arm of the Singapore government, is compulsorily taking over Australian property developer Ipoh Ltd, according to Channel News Asia. This is after GlC's Australian unit Reco Bay breached the compulsory acquisition threshold of 94.5 per cent. Reco
        79 words
      • 43 10 Reuters [BEIJING] China plans to make it easier for foreign multinationals operating in the country to carry out foreign exchange transactions to help ease their capital strains, foreign exchange officials and Hong Kong media said yesterday. Reuters
        Reuters  -  43 words
      • 47 10 Bloomberg [KUALA LUMPUR] Malaysia's spending on construction projects in 2003 is likely to be less than last year's RM23.5 billion (5510.7 billion) as it holds back some jobs while assessing the economic situation, Works Minister S Samy Vellu said yesterday. Bloomberg
        Bloomberg  -  47 words
    • 502 10 BARTER DEALS China firm denies talk it's negotiating to be paid in cash for RM6b project [KUALA LUMPUR] China Railway Engineering Corp (CREC) is still interested in getting paid in palm oil for double-tracking works on Malaysia's southern railway grid, and has not pulled out
      502 words
    • 376 10  -  Talks on privatisation of KTM underway Fron Eddie Toh in Kuala Lumpur MALAYSIAN businessman Syed Mokhtar Al-Bukhary and a partner have confirmed their interest in taking control of loss-making but land-rich national railway company Keretapi Tanah Melayu Berhad (KTM). In separate statements yesterday,
      NSTP  -  376 words
    • 387 10 BEIJING AFP THE World Health Organisation yesterday declared China Sars-free and lifted the last remaining travel advisory linked to a disease that rocked the world, effectively declaring the global outbreak under control. The United Nations health body said the chain of transmission
      AFP  -  387 words
  • Page 9 Advertisements
    • 949 9 Notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF L S P DEVELOPMENT PTE. LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and heW at 19 Tanglin Road, #09-02 Tanglin Shopping Centre. Singapore *****9 on Wednesday,
      949 words
    • 1024 9 joam SOCIETE GENERALE A French Corporation founded in 1864 Head Office: 29, Boulevard Haussmann ***** Paris France. Notes in the Accounts which form an integral part of the financial statements together with a list of Soci6t6 G6n6rale's subsidiaries can be obtained from Soctete Generate Singapore Branch, 80 Robinson Road #21-00
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  • Page 10 Advertisements
    • 1156 10 ASSETS UABILJTIES AND SHAREHOLDERS' EQUITY In thousands of euros, at 31 December 2002 2001~ In thousands of euros, at 31 December 2002 2001 Interbank transactions and similar items 3,915,055 536,837 Interbank and similar transactions 513,529 47,3(4 Cash, Central banks, CCP 11,275 9,311 Debts to credit institutions 583,529 47,364 Public bills
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    • 82 10 /Special Lunch EE/ $5.80 Nett Per Item V; With f Rfcl Choice ot Onr ot<pf/Tfa'Snft Drinks or Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese Mutton Stew Sauteed Chicken with Chinese Sausage Day Muj-fr $4.00 nell each JugA 515.00 nrll rach
      82 words
    • 55 10 Can't Decide on a Restaurant? No Problem, CrossrGrder from all ofthem, only at Colours by the Bay The Esplanade lL___ Shima Aji Tien Yuan Kitchen Local Bite Thai Express Al Dente Trattoria The Garlic Restaurant Embassy Restaurant Bar Entertainment Attractive Set \loals Available for Lunch Dinner xj. HKillU\.ni«r.«Ol-llAl.if J I
      55 words
    • 72 10 ~I M E RITUS MANDARIN SINGAPOREf Quintessential Styles The Mezzanine Gather your tete-a-tete J" confidante for an early weekend rendezvous. i Against the plush ambience, relish a fun-filled fashion extravaganza and indulge V in special concoctions of J the night. Every Thursday K (June 5, 12,19, 2b) K 9:30 pm
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  • Article, Illustration
    1071 11 Transaction date:, Jan 24 DtTERBAlfK CROSS RATES C$ Bmb Euro HKS Ind Rs BupUh Y»n Won RM MZS Prt Bs Peso S$ R«nd S«r WT$ BOit Pmmd USS Australia 0.903 5.509 0.575 5.177 30.925 54.622 0.782 7.895 2.523 1.135 38.394 35.483 1.155 5.285 0.880 22.959 27.583 0.397 0464 Canada
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  • WORLD news
    • 261 11 LONDON They rank just above emerging markets in stndy THE Paris bourse and the Tokyo Stock Exchange are among the worst in the world in terms of price manipulation, according to research from the University of New South Wales to be published next
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    • WORLD Watch
      • 69 11 AFP [SEOUL] The largest shareholder of South Korea's top oil refiner SK Corp raised suspicion yesterday that the company's ailing subsidiary might have hidden billions of dollars, and demanded its chiefs resign. "Creditor banks complain that the report by Samil accounting fails to
        AFP  -  69 words
      • 53 11 Bloomberg [BANGALORE] Standard Chartered said it plans to invest in India's private hospitals and lend to call centres. The bank may invest in three private hospitals to help fund their expansion and upgrade equipment, said Ashok Sud, regional head for wholesale banking at its
        Bloomberg  -  53 words
      • 107 11 Bloomberg [TOKYO] Seiko Epson Corp shares rose 35 per cent on the first day of trade after Japan's biggest initial public offering this year, as investors bought into a company that says profit will double this year on sales of colour screens. Shares worth
        Bloomberg  -  107 words
      • 81 11 Reuters [STOCKHOLM] The world's biggest maker of mobile networks, Sweden's Ericsson, yesterday said 1,000 jobs would go as it outsourced IT development and services to IBM, but these jobs were part of previously announced cuts. "The deal means that around 1,000 people will go to
        Reuters  -  81 words
    • 268 11 M WASHINGTON Reuters CORPORATE lawyers, unlike many in America's white-collar ranks, are weathering a year-old postEnron regulatory crackdown with few burns, but face a key test this summer as regulators look on. Thanks to their political clout and more obvious misconduct by
      Reuters  -  268 words
    • 416 12 SAN JOSE. CALIFORNIA It says Microsoft is becoming a threat in business software sector Bloomberg ORACLE Corp may win US government antitrust approval for its USS6.3 billion hostile bid for People Soft Inc by persuading regulators that Microsoft Corp is becoming a threat
      Bloomberg  -  416 words
    • 216 12 PARIS It may assemble planes there to target Pentagon orders AFP AP AIRBUS wants to assemble military versions of current Airbus models, probably in partnership with US defence companies, in order to break into the US defence market, The Wall Street Journal Europe
      AFP; AP  -  216 words
    • 352 14 LOS ANGELES The French-based group needs to sell some USs7.3b of assets by 2004 Bloomberg VIVENDI Universal SA, which is trying to cut US$l6 billion of debt, received five offers for its US entertainment assets and may narrow the field of
      Bloomberg  -  352 words
  • 1652 11 SICOM FUTURES Jun24 RUBBER Futures (Closing (trices) RSS1 (Scents/kg) Close Volume Opto Month High Low Sett (tonnes) Interest Jul 03 175.75 Aug 03 170.25 Sep 03 164.25 Oct/Dec 03 160.75 RSS3 (UScertsAq) Volume Open Month High Low Sett (tonnes) Interest Jul 03 100.50 9*50 M25 3300 Aug 03 96.00
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  • Page 12 Advertisements
    • 2838 12 4 SinGAPORE AIRLinES LIITHTED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-First Annual General Meeting of the Company will be held at the Mandarin Court, 4th Floor, Grand Tower. Meritus Mandarin, 333 Orchard Road, Singapore *****7 on Saturday, 26 July
      2,838 words
    • 461 12 Tpadrerttoecafl lofl-frec 1800 289 8822/B—fl: notices gNphrom .ay IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF NEW GUINEA PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At the Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at
      461 words
  • Page 12 Miscellaneous
    • 212 12 CRYPTIC CROSSWORD 25 Cancel article in book (6) 26 Disciplinarian from Sweden 7 Flowering plant bloke's given Across: 1 Lighthouse, 6 Acme, meeting someone who is name (7) 10 Stops, 11 Dunce's cap, 12 tactile (8) 14 Check made by coach in the Preserve, 13 Irony, 15 Lip-read, DOWN break
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  • 5255 13 Transaction date.Jun 24 HONGKONG Vol HKRint'i 1.39 unch 957 MKS 000 Hong Kong Electric 30 70 0 10 S149 Hongkong Chinese 0 84 unch 3098 Alpha General 0 28 0.01 93 Hongkong Chinese Ltd 0 84 unch 3098 AnandaWingOn 0 01 unch 0 Hopewell Holdings 7 85 -0
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  • 2532 13 Transaction date: Jim 24 KUALA LUMPUR SS ay coooi General Soil 1.26 unch 0 Genting 14.00 -0 30 312 ASM Realty 0.76 -0.04 19 2 If Abnc ...0.86 -0.02 200 Gobetron.cs Tech 4 96 unch 323 ACP industries 2.91 -fiJOS 61 GtomacBhd.. 1.59 4.03 7 Advance Synergy 0.39 -0
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  • 749 13 7Yansaction date.Jun 24 fcd— m om a—m ma— aw o—t» Ugn*tt 0*3 0N0 4020 «urti»» Sk 057 2JB cic ovi chs *oi» coc us naoo CJOO CjptjLrt 117 3K con out 047 t** 0050 Chvt jMnCcnd Be 097 DM -OOOS W«w»N25< OA 0 770 4DBS OikDwHt 1 ID 4590
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  • 557 13 BONDS WARRANTS last Vol Conv Ew Mk Gmt-wE **> (HI to— Wla I— Uft ASTIW*****1 U 1 16 41 246 12 Acma Ltd 1M)***** 15 1 SO 472 600 17 Amtek W*****0 67 1 33 3 1.46 24 Armstrong W*****0 4 unch 5 1 10 33 2 63 11 Boustead
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  • Page 13 Advertisements

  • 6557 14 Transaction date:Jun 24 U-Wk Last Vol Day LactQuota GrtXv M» GfYW MM MCap low Company Sala +<- COOP) High Low »uyr SaBaf Cvr fit jam ABNAmroNLG 56c 9 12 3.4 138 8 16 9 ACE Dynamics** 15 5xd -0 5 15 15.5 15.5 15 16 100 129 153
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  • 74 14 SJ-Wk 1st Vol Day Last Quote GrtMv Dtv GrTM MM MCu High low Company Sate w- rOBO) HI0I lour 8«yr Sdter Cw M hJ 9600 89 Diamonds US8780xd 300 3750 2700 ISDJUSTech U***** 555 555 IS MSCI Spore OS555 8270 8200 ISS&PSOO US8270 1080 9700 9900 8280 SPORS
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  • 1712 14 SM* IM Vol Day Last Quote GrOfe On GrVM MM MCas *9* low Company 5ate *h fOOOl Nt» law >m» 4a»«r Cw M W 1? 75 ABR Hidgs Sc 14 5 unch 293 15.5 14 5 14 14 5 28 23 15 APO.ISc.__ .21.5 uncti 90 215 21
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  • 332 14 52-rn LMt Vol Day lut Ouou GrOiv Mv GrVW MM MCja low Company Sato W- roao) Wjh Loor >nyr Sdhl CV W1 153 81 A VJennings A2SC A152cd *3 213 1S2 150 151 152 40 3.4 6.6 89 3271 Cathay Pac 20c MK720 265 2.1 7.4 6 *****2
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  • Page 14 Advertisements
    • 83 14 I Le maitre de I'horlogerie depuis 1875 Exclusively at: CORTINA MATCH PTE LTD Nillenia Nalk Tel: 6339 1728. Paragon Tel: 6235 0084. Raffles City Tel: 6339 9185. SINCERE HATCH Ngee Ann City Tel: 6733 0618. Lucky Plaza Tel: 6737 4648. J Suntec City Hall Tel: 6337 5150. THE HOUR GLASS
      83 words

  • BT motoring
    • 828 15  -  rtI^JIIU™ They tell Samuel Ee they want to boost awareness of the service Samuel Ee SINGAPORE'S four car-share operators will launch a joint advertising campaign to promote car-shar-ing. The operators NTUC Income Car Co-op, City Speed, Honda Diracc and Whizz Car aim to create awareness
      828 words
    • 521 15  -  By Samuel Ee TECHNOLOGY plays an important role in car-sharing. Millions of dollars have been spent to ensure that access to the cars is made easy, yet secure, and that data such as duration used and mileage clocked are accurately tracked and relayed back to the operator.
      521 words
  • Page 15 Advertisements
    • 111 15 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 home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 A Revised Edition), with three years of audited statements. Nomination forms are
      111 words
    • 134 15 Building Asia's Future Nikkei honors those creating a better tomorrow for Asia. Nikkei Asia Prizes Since 1996, the Nikkei Asia Prizes have recognized 24 individuals and groups who have made outstanding contributions to economic, technological and cultural development in the Asia region. Nikkei is seeking nominations of individuals and raT
      134 words

  • EXECUTIVE money
    • 1030 16  -  Term plans with pure protection have their appeal but it may be sometime yet before they replace traditional plans which bundle protection and a cash value. GENEVIEVE CUA reports GENEVIEVE CUA IF you're past 35, but still need large sums of life cover, here's something to chew
      1,030 words
    • 662 16  -  By Genevieve Cua SHOULD you buy term protection, and invest the difference? Or. stick to whole life traditional insurance? Advisers contacted by BT give mixed views. The affordability of whole life plans is a big issue. "The dilemma is this," says Providend consultant Eddy
      FILE PHOTO  -  662 words
    • 1000 16  -  INRinFl..M,imi With STI trading above 1,300 points, sellers are seen to outnumber sellers as HI data have shown By Robert Halili ANALYSING the trading activity of directors and substantial shareholders as a group is often difficult, as insiders tend to buy and sell their companies' shares
      1,000 words
  • Page 16 Advertisements
    • 383 16 Ip" -^P? f■ is&vsg® y .->' „v* >■'*-■■ faster free nights EARN A FREE NIGHT AFTER EVERY TWO STAYS. WORLDWIDE. #M: 'I^I^VpHHHHHHhHHHHHHHHHHhHHH!|^HH !R •^gp, if3B Ira Earn a free night at Hyatt worldwide after every two stays when you pay with I-1 y° ur Master Card* JUNE 1 THROUGH AUGUST
      383 words

  • SHIPPING TIMES
    • 266 17 Reuters The Baltic Dry Index fell 7 points to 2143. The Baltic Capesize Index fell 14 points to 2915. The Baltic Panamax Index fell 5 points to 2061. The Baltic Handymax Index fell 2 points to *****. TIME-CHARTER: Successor (built 1985) *****3 dwt delivery Kaohsiung 17/18 July trip
      Reuters  -  266 words
    • 278 17 SCX '000 *■14 it *h m CWT Distribution 0.59 0.01 26 Chuan Hup 0.40 -0.01 289 CH Offshore 0.21 -0.01 74 Cosco Investment—0.26 unch 762 Freight Links 0.05 unch 230 GB Holdings 0.68 0.01 40 Jaya HoiOtngs 0.34 unch 308 Keppal Corp 4.90 -0.02 2093 K1 Venture 0.20
      278 words
    • 540 17  -  Greece finds 8,000 detonators, 680 tonnes of explosives on the vessel By Beth Jinks [SINGAPORE] Greece has filed criminal charges against seven crew members of the Baltic Sky, and its owners after the vessel was seized on Sunday carrying 680 tonnes of explosives and
      AP  -  540 words
    • 269 17 OanaYonhap [SEOUL] Chinese shipbuilders have been making strides in the global market, setting alarm bells ringing in Korea and Japan, according to industry sources. Chinese shipbuilders received record orders in the first five months of the year, including oil tankers, and container
      Oana- Yonhap  -  269 words
    • 399 17  -  Move seen as punishment for its direct action tactics at sea By Donald Urquhart [SINGAPORE} Environmental champion Greenpeace International has been given the boot from the International Maritime Organisation (IMO) during the IMO Council's recent 90th session. The withdrawal of Greenpeace's decadeold consultative status
      399 words
    • 111 17 [SINGAPORE] A two-month salvage operation to retrieve sunken Indonesian container ship Tirta Mas wrapped up last week, when Smit Salvage returned the wreck to its owners. Tirta Mas was raised from depths ofabout 34 metres by these fourfloating sheer leg cranes—Asian Hercules, Asian Helping Hand,
      SMIT SALVAGE  -  111 words
    • 596 17  -  Race on to get slice of business in Umm Qasr port By Beth Jinks [SINGAPORE) The race is on to capture a slice of the first commercial business at Iraq's port of Umm Qasr, despite hiccups within the first week of its
      596 words
    • 850 18  -  STRAIT TALE -By David Hughes AS elections go the result of the one that last week electing Efthimios Mitropoulos of Greece as the new secre-tary-general of the International Maritime Organisation (IMO) was fairly clear-cut. Mr Mitropoulos received the votes
      FILE PHOTO  -  850 words
    • 197 18 PAGE Avant 6 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 Chahaya 6 China Shpg 5 Confer 6 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines 4 Far Shpg 5 Foong
      197 words
    • 14528 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Nam* Number Number SIN Oest'n Nam* Nam# Number Number To ABIDJAN (ABJ) 2003 Cot# D'lvoire To CALCUTTA (CCU) 2062 India 04/07 29/07 MOL MOL OUEME «HA 65-*****4*4 03/07 09/07 BTL TIGER
      14,528 words
    • SHIPS IN PORT
      • 860 25 Vess *l Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL MARCO P222 02/03J J4/5 A/SIDE 24/06 0630 MARETHRACIU 008E J18/19 A/SIDE 24/06 0700 ME£(9 C1 07A/03 J15 A/SIDE 24/06 0600 &&.3L 2306 J24 A/SIDE 24/06 0630 SHANNON EXP 08/03 J3 A/SIDE 24/06 0500 UNION STAR18 04/03J J10 A/SIDE
        860 words
      • 2042 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr A P MOELLER 0306 0306 J_ 27/*****3-02.00 27/06/2003 11 00 ACXDAHUA 063S 063S 1 *****003-1205 *****003 23.00 TQ2 AC* HIBISCUS OWN 080N J *****003-1035 *****00-2359 T04 ALMA LIBRE 9001A 9001A
        2,042 words
      • 134 25 JM1 China: Communist Party. Hongkong: SAR Estab Day. Thailand: Bank Holiday. Jul 14 France: National Day. V Kingdom: Orangmen's Day. Jul 15 Brunei: Sultan Birthday. Thailand: Buddhist Lent Day. Jul 17 S Korea: Cons Day. Jul 20 Japan: Marine Day. Aog 1 China: Founding Chi PLA. Aug 4
        134 words
      • 850 25 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in L'S dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        850 words
      • 513 25 Carbon 180 Mai 992.2 0.3 15.7 0.07 4S 0.02 Jul119 Density Niter Residue AshAtominlum Sediment No above E25 2 0 2 0 0 0 sTSTii 380 986.3 0.2 14.5 0.05 22 0.02 u,„ 380 Mai 995.0 0.4 17.5 0.09 74 0.09 H6/M-3 %v/v m/m S M/M
        513 words
    • AIR & LAND transport
      • 440 26 Plans in line with expectations and would meet pent-np demand: Analysts Reuters [HONG KONG] Hong Kong's two main carriers Cathay Pacific and Dragonair, said on Monday that they hoped to resume all flights by the end of September, after the World
        Reuters; REUTERS  -  440 words
      • 560 26 He says plane orders at Paris Air Show last week mostly long-term AP [SOUTHERN SHUNEH, Jordan] Plane orders announced at last week's Paris Air Show do not make Boeing Co's chief executive Philip Condit more optimistic about the state of the aviation market. Talking
        AP  -  560 words
      • 176 26 Bloomberg [SEOUL] Korean Air Co, South Korea's largest carrier, plans to offer extra flights to Vancouver, Toronto and other destinations as well as resume weekly flights to Bangkok to meet growing travel demand ahead of the summer season. Korean Air will offer five more
        Bloomberg  -  176 words
      • 357 26 Leaked report points to excessive workloads in 2002 at air traffic centre AP [LONDON] The number of workers at Britain's main air traffic control centre reporting excessive workloads to the point of compromising passenger safety reached record levels in 2002, a magazine said on Monday. Computer
        AP  -  357 words
      • 153 26 Bloomberg [LONDON] Virgin Atlantic Airways Ltd chairman Richard Branson asked British Airways pic (BA) chairman Lord Marshall to agree to a "summit meeting" between the airlines to consider ways of keeping the Concorde flying. Mr Branson on Monday sent a letter to Mr
        Bloomberg  -  153 words
      • 445 26 Carrier is also set to eliminate a third of its fleet Bloomberg [ZURICH] Swiss International Air Lines Ltd was set to announce yesterday 3.000 job cuts and the elimination of a third of its fleet as the national carrier tries to post
        Bloomberg  -  445 words
      • 132 26 Bernama [KUALA LUMPUR) Twentyfive passengers and two crew members on a Malaysia Airlines (MAS) flight were injured when the aircraft went through intense air turbulence lasting less than one minute over Pekan airspace in Pahang at about 4.25pm on Monday. MAS senior general
        Bernama  -  132 words
      • LOG Book
        • 78 26 Reuters [MONTREAL] Air Canada pilots union said on Monday a seniority arbitration ruling is causing so such discontent among its members that they could reject a cost-cutting agreement deemed essential to the survival of the insolvent airline. The Air Canada Pilots Association told its
          Reuters  -  78 words
        • 58 26 AP [BEIJING] A China Southern Airlines flight skidded off a runway in northeastern China, closing the airport for several hours. Xinhua reported yesterday. No one was injured. The accident occurred around noon on Monday when the McDonnell Douglas MD-82 passenger jet attempted to land
          AP  -  58 words
        • 91 26 Cox News Service [ATLANTA] Flames briefly shooting out the back of an engine on a Delta Air Lines jet before takeoff on Monday morning from Tampa prompted passengers to begin an unauthorised evacuation in which several people were hurt, the airline said. Delta said
          Cox News Service  -  91 words
        • 58 26 Bloomberg [MUMBAI] Air India Ltd said it will sell one of its Boeing Co 747-200 planes as the government-owned airline replaces old aircraft with new ones. The aircraft, made in 1979, has been grounded since Jan 28, the airline said. The deadline for
          Bloomberg  -  58 words
      • 1922 26 CUT FLIGHT ETA FLIGHT ETC ***** 1025 MtfcUt LM9771 1835 S0230 1635 CA frmHwt LM9762 0635 GA972 0015 AmttrtM $023 0605 HUM 2255 S«5 0635 IH9765 1230 S035 0640 $036 2345 LH97M M45 $0326 1230 if!2 ***** 1445 M7305 HS0 1455 LH778 855 0F5 2250 AttWM
        1,922 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 859 18 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I VKSa IvOY PRC IBA {111 10*6 KAflt|pAUAS| HOUSTON |memphb IORCAGOjKWYORK 11 II TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00CLCHINA 43E24 24/04 25/06 11/07 15/07 11/07 14/07 14/07 19/07 VESSfI VOY TttiST WG R( ONI SYD ME AM. PlO NEDUOYD SIUYVESMT
      859 words
    • 492 18 Auociota. NgTTy Sngopore Shipping Assoctrtion gj ULY UNE MALE /viSSa VOY ETA HA ETA A P. KIAMC STOtE MALE Princess Uly 0603 24/06 26/06 05/07 Mold Star 540 A 03/07 05/07 14/07 Empress Uly 0403 13/07' 15/07 24/07 Mold Carrier 740 A 23/07 25/07 03/08 ULY MARINE SERVICES PTE LTD
      492 words

  • Page 19 Advertisements
    • 1375 19 TO EUROPE FROM EUROPE Vtssa |VOV SM GIT IT* WW HMI WV SOU LEH IIVBSa Iffl UK W HW 1 SQJ l» SM API PEARL 117W 26/06 14/07 10/0714/07 IKX ADVANTAGE 0151 04/06 06/06 07/06 01/06 25/06 MM SOLUTION 013W 27/0609/0714/07 16/07 11/07 19/07 HTUMMMDOM 3131 07/06 0/06 7/06«/06»/06 HVUMNMGMCSS
      1,375 words
    • 1519 19 "lIP9KADE 0«R SERVICE PROM SINWOM TO BUCK SKA VIA PORT SW OKSSA (VKRAM) 19 DAYS lIYCHEYSK (UKRAINE) 20 DAYS GfNRAI AGENTS M SMGAPOtE: 10 tOMNSON RD #12-00 SAIES/MGS m *****1J7/43 tt* *****321/24 I rAMCTINTT* IBAMIHUt M OAK COSTAR SHIPPING PTI LTD smga**e 04«w« outwaadii/u mtosm: uuu»/n I COWTMTU (RORUIA) 23
      1,519 words
    • 573 19 vcsa m_ sm jkt hkg khh hk kyh rtrs vessel voy six jkt sub hkg usw his iik HYUNDAI VLADIVOSTOK 126S 2/7 5/7 10/7 11/7 14/7 It/7 l*/7 KMTCPVSAN 310S 6/7 9/7 10/7 li/7 19/7 20/7 2i/7 HY WOMBS 063S 9/7 12/7 17/7 11/7 21/7 23/7 23/7 KMTC SINGAPORE 309S
      573 words

  • Page 20 Advertisements
    • 1255 20 HMME* HYUNDAI MERCHANT MARINE CO., LTD. r wwwJmm2i.(o* NO. imywooow [VESSEL VOT |SK SOU I RTM I AMI I HAM IHV |[vKSa VOT SOU liH WW AWT HAM W1 nff* API DENMARK 107W 19/04 07/07 00/07 11/07 MOI PROMISE 00* 30/05 31/05 24/0$ 17/0$ 17/00 MOI Pttotmr 007W 70/04 11/07
      1,255 words
    • 1378 20 WAN HAI NfKNATIONAL HI LTD ano iuwtoooo/v I VrrA lIIAII II AI HL***** SIS (14 IMS) FAI *****163 \SjWAN HAI LINES :safiasS££ESS-. lOM«:lVlBl«*aWLVoMßlWa:|ni)ll*MnM:ini)imn4/»fl»S l.i CI«:IBl)SB4IMiU:|BI)»MniMI«:n*W/71tai WtTMSTf •>—•»! aaiwKißMmMnniß/Mww KOI I I m kusmmkmi 5 KnrTHsrroivnnwoTn bmwm |H 5 It* I «w V/W MW lIV IiUJ 7*l Km mud MME 5£
      1,378 words
    • 663 20 BSA x MYANMA BB FIVE STAR UNE (MyOMMT NotiMal Um} Loodiag for Y»|ii VESSEL VOT SM PU PEN PGU PAGAN 304W SIB MPA-AN JO7W Sit IN KAUTSIA: IOUSTEAD SHIPPING AGENCIES (UL 03-*****300 ML 03-317*4101 PEN: 04-*****02 BANK LINE (A Mr«k« •< Uktm W»ir Shipph|) NOTTHBOUNP TO tUHOPI v coNttm, row,
      663 words

  • Page 21 Advertisements
    • 1135 21 IVtSStL VOY KHH HKO 1 SIN j PKI I PX» MK MAN HORMOZGAN PCL 317 24/06 25/06 28/06 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 UNOAVIA Ptt 319 08/07 09/07 12/07 13/07 20/07 21/07 27/07 29/07 IRAN KERMAN PCI 320
      1,135 words
    • 567 21 A k UK CONTINENT SERVICE Loading (or GULSER ANA RDM/ATW/BMNAJK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN Loads Singapore. EVW. Mataysa. Indonesia J MIDDLE-EAST SERVICE Loading for J SAFE DBl/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AOA PAN BRIGHT ADN/HDO/JDH/AQA APJ ANJLI DBl/ABU/DO H/BRN/DMM/KWT toads Singapore, E7W. Malaysia, Indonesa USA SERVICE Loadng for QUI GONG JINN CAM/NFK/SAV/NOL PAN DYNAMIC
      567 words
    • 1292 21 -YBsa *21 m ESI JBSSB, mi m T *****1 21/0* 31/0* JtSJKM a9k 22/ M MM fACIANOA W7SN 23/ M 23/Oj -2ALSUUJ ltti 214 ft 2tM HCUMA 0176N 24/04 24/04 BUM S2BZ 21/04 01/07 KKMH* W77N 25/0* 26/ M I MCSUUI I 1007 oi/07 05/07 _cALMHBi sum ikm u/n ■■i^HfrnvnnTTvmHH^H
      1,292 words

  • Page 22 Advertisements
    • 592 22 TIGaSU OWN 01-02/07 OS 10/07 IS-U/07 I IKBMK 09SN 04 05/07 11 13/07 It 19/07 I TIGQ SHARK 09*N 00-01/07 15-17/07 77 23/07 I neasn own 1117/07 25 26/07 I nGaStt^^OWN^l^U/g^^TWW^TMO/oJ XPtfS KNOWN IM 05¥707 *****07 I DAUAN 471 30-30/04 04 01/07 17 11/07 I TIGfl ytlN€ 490 03-03/07 Ml
      592 words
    • 874 22 FREIGHT LINKS EXPRESS PTLLT»\ 51 Penjuru Road, 3 Level. i j Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 f.JFI E-mail: flesin@singnei.com.sg LCL SERVICE TO CEBU. PHILIPPINES VESSEL APL NINGBO V.012E ETA SIN 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 PROJECT HEAVYLIFT CARGO |M|»JB|B (CONVENTIONAL RORO) Lawrence Lim 6267 5555, H/P: 9749 1977 lawrence®flesin.com.sg
      874 words
    • 160 22 MM |M* fMR I M I «M Ml Ml |OM 80UMHM inn 2546-MM HM IWR Wlßl MM 60UMSM 2666-2M3 RM I7JM V-t-MJ Hi 'ooMittM imj m iKM m 60UMSW ITU* 1046-MS iM I7UM H4*-)M) H OtttMOM ITMt »4*-IMI 'Ml 171* »6*-) M)' TBI MUM«_jinH3M£MM MOR_I7MI^II47JMJR« ItmtX) PSIM7 M/ 0* p
      160 words
    • 1179 22 I lib IPDZ LINES I/* I" Q5IOOB5BNKI: TIL 02-4221-ss94 FAX: 02-4227-8190 I 1/ I SMBAfOtt: TOW 6 JOO SWffWC Wl UP bdb hdhptfriw OUMWASS gn v/u Irakis, hiuamo 3w 4UN64IIASJ 3137 11/17 GtSWK J037 30/0* 5. MUU 3025 41/47 SHOCK 3019 11/07 GKUN6 AC3I7 04/07 11/37 MK4Q4S SMM 04/47 gggg
      1,179 words
    • 223 22 ft IfflMM BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI Ivcsa VOTAGf ETA SWGAfOtt ETAmtACH WULTAW OOtHW (H/07/D3 12/07/03 SEA-PAC MANAGEMENT PTE. LID. 70 Anion Rood *17-07/06 Apax Twwr, Singapore *****5 Tri»phom; 6270 0977 VU FociimiW: 6275 2309 T«luc tS ***** SEAPAC DIRECT SIN NAMPO, KOREA I VBSa
      223 words



  • Page 25 Miscellaneous
    • 115 25 5 FOR 7AM 25 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
      115 words