The Business Times, 2 July 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 024/03/2003 Internet http://business-times.asial .com.sg SINGAPORE WEDNESDAY, JULY 2, 2003 85C
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  • 1074 1  -  rTiexclusive Naming a beneficiary could create legal instrument with unintended results By Genevieve Cua [SINGAPORE] Singapore's financial industry regulator is taking another crack at resolving a knotty issue in the insurance industry that potentially could affect hundreds of thousands of policyholders. Over the years, countless
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  • 750 1  -  Selet&r unsuitable for budget carrier but Johor's Senai can be alternative Byy Ven Sreenivasan [SINGAPORE] Malaysia's Air Asia will start services from Singapore's Changi airport if it makes sense from a cost perspective, the budget airline's chief executive said yesterday. Speaking to reporters before
    ARTHUR LEE  -  750 words
  • 490 1  -  He faces up to $250,000 fine or 7 yrs'jail if convicted By'. R Sivanithy [SINGAPORE] Almost three years after the authorities declared Links Island a cornered stock and launched an official probe, the company yesterday announced that its chairman and director, Winstedt Chong,
    FILE PHOTO  -  490 words
  • 779 1  -  Latest figures point to strengthening o! downgrading trend By\ Kalpana Rashiwala [SINGAPORE] The prices of private homes and HDB resale flats are continuing to move in opposite directions, in a reflection of the downgrading trend in Singapore's housing market. The Urban
    Source: URA/H  -  779 words
  • 69 1 Dsn 1,457.18 (+9.29) ST INDEX FUTURES MSI.OO (+18.00) SIMSCI FUTURES 179.90 (+0.40) Tuesday Change KLSEfOMP 693.58 -162 NIKKEI 225 9.278.49—-195.38 HANG SEN(i Dosed. SET INDEX (Toaed. JAKARTA COMP JSBktt -0.17 MANILA COMP. Infill 1.69 TAIPEI WPI 5.017.78 -***** SEOILCOMP 674 75 -482 SHENZHEN B ***** -UD4 Al'ST ALLORO 3JW920
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  • 77 1 FOREX RATES US* SS I'SS (SS per ISS) 1.758 £(1 SS/SS per 1.652 2306 ETROfl'SS/SS/E). 1.154 2.029 YEN 119.7 68.10 RM 3300 1161 HKS 7.798 4.435 BAHT 4133 23.85 RITIAH 8140 4.686 RENMINBI 8199 4.720 INDIAN RITEE 46.44 26.41 AS 1.481 0.842 NZS 1.688 0.960 PRIME RATES SINGAPORE* 5i5
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  • Page 1 Advertisements
    • 140 1 I 4 HHP IP* B^be. Hie nomination tangle, Pg 16 8 l ii More Asian budget carriers set to fly, Pg 12 xJetSWhrffcs. GLASHCTTE j /8A The Lange Datograph. This unmatched technical masterpiece "Made in Germany" is a new Lange milestone in the realm of superb mechanical watches. [i For
      140 words

  • NEXT page
    • 619 2  -  Nikkei climbs 2% but analysts fear firmer economy may break J6B 'bobble' From Anthony Rowley in Tokyo THE Bank of Japan's latest survey of corporate sentiment published yesterday showed a better than expected result, raising hopes that the Japanese economy will be able
      AP  -  619 words
    • 645 2  -  Council also took action against his brother's company By. Anna Teo [SINGAPORE] Radiant Investment Pte Ltd, a major subsidiary proprietor at People's Park Complex, is in arrears of maintenance fees of over $1.4 million, making it the biggest debtor. It is
      645 words
  • Page 2 Advertisements
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  • SINGAPORE companies
    • 1026 3 Bnt some are hoping for a payout to shareholders or share bnyback Bloomberg UNITED Overseas Bank Ltd, which has over US$l.7 billion in surplus cash, tapped the bond market for more than half as much again last week, leaving analysts guessing
      Bloomberg  -  1,026 words
    • COMPANY Briefs
      • 86 3 INSURANCE veteran Law Song Keng has stepped down as a director of Great Eastern Holdings, the life insurance arm of OCBC Bank. In a statement, Great Eastern Holdings said Mr Law, who was once an insurance commissioner, stepped down as a director of the company
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      • 87 3 Oo Soon Hee, who resigned from Nat Steel in May 2000, rejoined the steel miller yesterday as its deputy president and chief operating officer. Nat Steel said that Mr 00, 59, will "play a key role in charting the future direction of the company".
        87 words
      • 66 3 FAIRPRICE Investment Pte Ltd has sold 40 million units in Capital Mall Trust —10 million on June 24 at $1.10 each and 30 million on June 27 at $1.07 apiece reducing NTUC Fair Price Co-operative Ltd's deemed stake from 65 million units or 7.56 per cent
        66 words
      • 23 3 SINGAPORE Post has divested its 36.8 per cent stake in S-Net Freight (Holdings) Pte Ltd for $3.68 million.
        23 words
      • 61 3 FEDERAL International (2000) Ltd, an integrated engineering and procurement specialist supporting the energy and infrastructure sectors in the region, said it acquired a 20 per cent equity stake in PT Binaguna Adi Sejahtera from PT Inticahaya Purnamandiri for US$2OO,OOO. Binaguna specialises in the sale,
        61 words
      • 43 3 KHOO Teck Puat's Goodwood Park Hotel has laid off 84 people or about 20 per cent of its workforce. It was the hotel's second retrenchment exercise. The first was 20 years ago, Channel News Asia reported.
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    • 418 3  -  By Loh Hui Yin FOREIGN customers of UOB's Shanghai branch will be able to transact in renminbi (RMB) now that it has received approval to conduct RMB banking business. It will start to offer RMB business in the third quarter of
      418 words
    • 324 4  -  Traders see big demand for new issues, especially for water treatment firms By) Kenneth Lim OF the almost 33,000 investors who applied for the public tranche shares of Eco Water, only one in 18 were allocated shares and only partially. The Malaysia-based
      324 words
    • 277 4  -  Byl Kenneth Lim SINGAPORE Exchange's derivatives market trading closed last month on a record-breaking note. June saw an all-time high volume of over 3.73 million contracts, beating the previous record of 3.61 million contracts in July 2002. And trading
      277 words
    • 336 4  -  It will take care of cash management, funding and forex By\ Wong Wei Kong SEMBCORP Industries yesterday said it had set up a new unit to serve the treasury needs of the group, in what could be seen as a bid
      336 words
    • 291 4  -  By] Kalpana Rashiwala PHILIP Ng is taking over the chairmanship of listed Yeo Hiap Seng from elder brother Robert, who stepped down from the post yesterday due to "heavy work commitments in Hong Kong and China". The company, involved in the food
      291 words
    • 213 4 MARK Daniell has ceased to be the president of kl Ventures from Monday, just about four months after he was appointed to the post. "Mr Daniell, will, however, continue to assist the company as a strategic consultant from July 1,2003 to June 30.2004,"
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    • 727 4  -  Bui Siow Li Sen HEDGE funds are doing okay in case anyone is wondering. Retail hedge funds must be among the shortest investment fad that Singaporeans have ever encountered. Or did you not even notice them? For a few brief months
      727 words
    • 384 5  -  Independent directors recommend shareholders vote for the proposal By. Andrea Tan BONVESTS Holdings chairman and managing director Henry Ngo's plan to inject his 70 per cent stake in Sheraton Towers Singapore into the group has won the nod of its financial adviser
      384 words
    • 346 5  -  By' Ven Sreenivasan SINGAPORE Technologies Engineering's aircraft repair and maintenance unit, ST Aerospace, has clinched a U5562.6 million contract from Malaysia's budget carrier Air Asia. Under the deal, ST Aero will provide maintenance and modification support for Air Asia's newly purchased fleet of four
      346 words
    • 237 5 HONG KONG-BASED Wah Shing International Holdings Limited which saw its privatisation plans voted down by minorities recently has appointed one of its founding members as its new managing director. The Singapore-listed toymaker said Chan Charn Shek has been appointed executive director
      237 words
    • 603 5  -  HQCKRSSSn al labita Notwithstanding its due diligence on the deal, Singapore's United Overseas Bank is still mired in legal woes stemming from its acquisition last year of the Philippines' Westmont Bank. First, it got into a tug-of-war with a group that included
      603 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 360 4 In 88 countries across the world, our customers speak a common language Power of simplicity Over 1 million users in 88 countries speak only one language when it comes to the business software that has helped them grow their businesses, cost effectively Tally ees 6.3 No wonder, the Tally ees
      360 words
    • 132 4 CRESTCHIC (ASIA PACIFIC) PTE LTD YEOWKONG POWER SYSTEMS (PTE) LTD We wish to inform our valued customers, business partners and associates that Mr. Peter Fong Ah Soh has, with effect from 25 June 2003, ceased to be our director and or representative and has from that date ceased to be
      132 words

  • Page 5 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      332 6 OTHER SINGAPORE INDICES Jul 1 VALUE CLOSE BTOB/OS -76.00 __11 300 BTCAM *****.00 +4.00 BT 10-day MA -*****.00 -7.00 AM-SG Equities 393.80 +1.41 SG Equities Elect 141.25 +1.59 SG Equities Fin 1237.19 +10.70 SG Equities Prop 369.21 +1.94 MSCI Singapore 179.64 +0.77 SHMSCt Futures 179.90 +0.40 Wkadn Vdn» Goldtron 5c
      332 words
    • 868 6  -  AIMJ.Ml'JmVl CURRENCIES larry wee ON the surface, the US dollar now looks quite a bit more perky against Asian currencies and the low-yielding Swiss franc than it did a week ago, but insiders testify that the real game in town is still to buy
      868 words
    • 786 6  -  STOCKS r. sivanithy IF you're looking for a more accurate benchmark for local stock market sentiment than the Straits Times Index, then look no further than the initial public offer (IPO) market. For it is here that the herd is currently gathering, intoxicated
      786 words
  • 3347 6 UNIT TRUSTS FUNDS Com Global Hearth Index Fd 0 85* Com Global Telecom Index Fd 0 454/ Com Global Infotec index Fd'" 0 306/ MN Amro MM Mgt (S psra) Com Global Energy Index Fd 0.875/ Star Europe Eqty!** 0.64/ Com Global Travel Index Fd 0.696/ sSIZSSu Jj® Com Spore
    3,347 words

  • SINGAPORE news
    • 323 7  -  Japanese firm launches units at airport; targets 100 nnitsherein2yrs By Tay Shi'an NEED a haircut while being soothed by jazz music and Japanese scenery? No flight of fancy, but Changi Airport is just the place, where the world's First haircut cubicle all four of
      WANG HUI FEN/ST  -  323 words
    • 474 7  -  on the economy outlook By Anna Teo WITH Sars now seen largely as a "Q2 phenomenon", the attention has returned to exports, the key growth driver for most Asian economies, including Singapore. And the prognosis, according to Credit Suisse First Boston,
      474 words
    • 259 7  -  By Tay Shi'an AMERICAN Express International yesterday officially launched its corporate card for medium-sized enterprises in Singapore, which it says can help businesses save up to 45 per cent on their travel and entertainment costs. The card, already introduced in the US
      259 words
    • 193 7 ALMOST half of workers employed under a government scheme to encourage companies to hire older workers without relevant skills kept their jobs, figures show. The Ministry of Manpower cited statistics from a survey it carried out last December which showed
      193 words
    • 204 7 JTC Corporation's industrial facilities posted a weak performance in the second quarter due to the uncertain economic conditions with demand for ready-built space shrinking for the fourth straight quarter. Net allocation of readybuilt space shrank dramatically to minus 26,573 square metres from minus
      204 words
    • 496 7  -  CEO has to turn HDB spinoff into global developer By Andrea Tan HDB Corp, which has an initial equity injection of $50 million, is expected to break even in its first year of operations, said its CEO Tan Thai Hong. "I
      496 words
    • 321 7 85% of phase one residential units sold in 2 weekends CPG Consultants, a subsidiary of CPG Corporation (formerly the Public Works Department), has sold an overwhelming 85 per cent of the 313 phase one units at its Suzhou Industrial Park residential project in the
      FILE PHOTO  -  321 words
  • Page 7 Advertisements
    • 250 7 Co Places Willi Mum Cival Deals 111< >\ iin ic( 111 s;i i ill n\< r < >() Kil lh i >.il I ill: ll\,i 11 linl( K ill ;i I\kllk.llln>| m 11 11 ;i 11 1< i< l< 1 1< 1.1 1 A 111 (I I ill 111 11K
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  • EDITORIAL & opinion
    • 697 8  -  KiTTT^ bottom line OPINION al labita OUSTED president Joseph Estrada is like a ghost that haunts Philippine politics. Though jailed, prosecuted and long thought buried in the dustbin of history, he refuses to fade away. He remains defiant in his battle to "reclaim"
      697 words
    • 84 8 'I was very surprised to see how far the mainland has gone in terms of concessions. I think anyone looking at this agreement would agree they've given a lot.' James Thompaon of the American Chamber of Commerce in Hong Kong, on the free trade agreement between Hong
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    • 577 8 EDITORIAL IT wasn't the first time that Singapore Telecommunications had disagreed with the industry regulator over fair competition, and it won't be the last But this time Singapore's dominant telecom company finds itself having to stare down some of the world's biggest telcos as well.
      577 words
    • 1244 8  -  Strategy shouldn't just be abont the how of getting there, it should be abont where a company wants to be By J John Koh DO you know where your business is heading? How would you react if your competitors launch a surprise attack
      AFP  -  1,244 words
    • 262 8  -  MAILISTTPI Soh Suwe Singapore I REFER to "Board representation for small shareholders needed" by Ang Hao Yao (Mailbag, June 17). Mr Ang has raised the crucial issue of allowing minorities to nominate directors to represent their interests. As a small investor, I feel
      262 words
    • 353 8  -  W K Wong Singapore I REFER to the report "Major fracas shaping up at People's Park Complex" (BT, June 25), which said there had been no change in the managing agent, SCMS Property Management, from day one. The article also said that when it
      353 words

  • CORPORATE focus
    • 555 9  -  Rij Yang Razali Kassim IN the Suharto era, every government agency was an "agent of development". State banks virtually bankrolled the development agenda, often at the expense of prudence, accountability and transparency. The rise of Bank Mandiri marks the end of that phase. Bank Mandiri has
      555 words
    • 1462 9  -  As chief of Indonesia's largest bank, E C W Neloe packs quite a punch, says Y&ngßaz&li gasslm Yang Razali Kassim PAK NELOE, the CEO of Indonesia's largest bank. Bank Mandiri, has his own take on Sars: The disease, he says, will never come to Indonesia.
      REUTERS  -  1,462 words
  • Page 9 Advertisements
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    • 81 9 /Special Lunch izr@ $5.80 Nett Per Item \EE With FREE Choice ot One CoWeelea/Soft 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 Its Time All Day Mug£s4.oo nrlt each Jug(& Sls.<M> nrlt
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    • 33 9 Marina Bistro shows that healthy can be yummy. Our tasty menu highlights include poached salmon, baked chicken with citrus sauce, steamed asparagus in honey dressing and healthy salad. Promotion on till 31 l«ly
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    • 10 9 fiwfi&owinnmG #01-40 CLfIPKf QUAY 1 sinoflp °P£ *****2 fOP KSfPVfITIOfIS
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      145 words

  • REGIONAL news
    • 475 10  -  |:j| exclusive Syed Mokhtar more interested in nsing rail operator to link his Johor projects From Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Syed Mokhtar Al-Bukhary is not eyeing the rich landbank of Keretapi Tanah Melayu (KTM) in Malaysia and Singapore in his bid
      NSTP  -  475 words
    • 431 10 JAKARTA Country looks set to raise at least USsl.4Bb from bank stake sales Reuters INDONESIA announced yesterday the sale of 20 per cent more of fifthranked Bank Danamon would raise at least US$l4l million, pushing the proceeds of its bank asset sale
      Reuters  -  431 words
    • 310 10 KUALA LUMPUR Bloomberg MALAYSIA may use a proposed notional currency pegged to the value of gold as early as the end of the year to pay for trade with Iran and other Islamic nations to reduce its reliance on the US
      Bloomberg  -  310 words
    • 294 10 ■JAKARTA Reuters INDONESIA yesterday announced 6.62 per cent year-on-year inflation for June, at three-year lows as expected, with a stronger rupiah helping contain imported inflation and reinforcing expectations interest rates will stay low. The Statistics Bureau said month-on-month inflation was 0.09 per cent in
      Reuters  -  294 words
    • 232 10 KUALA LUMPUR Reuters SHARES amounting to a 3.5 per cent stake in Malaysia's sixth-largest lender. Hong Leong Bank Bhd. were traded off-market, dealers said yesterday, sparking speculation about the new owner's identity. Rumours about mergers among Malaysia's 10 core lenders have sent banking
      Reuters  -  232 words
    • 374 10  -  Continuing fall in imports a source of concern: analysts From] Diana Oon Abdullah in Kuala Lumpur CONCERN is growing as Malaysia's imports continued to decline in May while exports held steady, according to preliminary figures released by the statistics department
      374 words
    • NOTE Book
      • 78 10 AFP IJ akaktaj rne worm iTaae organization (wtuj has urged Indonesia to press on with trade reforms to boost growth, reduce poverty and attract foreign investment. Separately, the World Bank said yesterday it has approved three projects totalling about US$46O million to help reduce
        AFP  -  78 words
      • 45 10 [LHOK SUKON] A least 1,000 contract workers of PT ExxonMobil Indonesia were dismissed yesterday, Anex-Antara reported. The dismissal however drew protest from the company's contract workers who later staged a demonstration in the company's outer area in Lhok Sukon, Aceh.
        45 words
      • 51 10 Bloomberg [BEIJING] China's President Hu Jintao, in his first major speech as head of the country's ruling Communist Party, urged the party's 67 million members to toe the political line laid down by his predecessor Jiang Zemin. He made no mention of reform policies.
        Bloomberg  -  51 words
      • 123 10 Bloomberg [JAKARTA] Pertamina said it may buy more oil products like gasoline and diesel from the spot market if rival refiners charge too much to process crude oil into fuels for Indonesia's state oil company. The company is seeking overseas refiners to process 30,000 barrels
        Bloomberg  -  123 words
      • 41 10 AFP [BANGKOK] Thailand's police chief General Sant Sarutanond said yesterday he had ordered security stepped up around foreign embassies, schools and tourist zones in the light of intelligence reports warning of a terrorist attack. AFP
        AFP  -  41 words
      • 78 10 AFP [BEIJING] Ford Motor Co's China unit said yesterday it has signed an agreement with the China Construction Bank to provide auto financing to its customers in the fastest growing car market in the world. The deal comes six months after Volkswagen AG. which
        AFP  -  78 words
      • 71 10 AFP (BEIJING] A deadline for the sale of a 4.6 per cent stake in Shanghai Pudong Development Bank (SPDB) to a unit of US-based Citibank has been extended to Sept 30. The original deadline for the sale to Citibank Overseas Investment Corp was due to expire
        AFP  -  71 words
      • 70 10 Bloomberg [SHANGHAI] Daiwa Securities Group Inc and Shanghai International Group Co will form a brokerage in China with a registered capital of 500 million yuan (Sslo6 million). The venture, of which Daiwa will hold a 33 per cent stake and Shanghai International the
        Bloomberg  -  70 words
    • 657 11 CDMA PROTESTS Chinese PM says territory's freedom will be protected but critics say it'll stifle basic rights Reuters Bloomberg AFP [HONG KONG] More than 200,000 demonstrators took to the streets here yesterday, with a group burning the Chinese Communist Party flag as
      Reuters; Bloomberg; AFP; AP  -  657 words
    • 403 11 BEIJING Workers angry over planned layoffs, restructuring AFP SOME 200 workers from Beijing's landmark Friendship Store gathered in front of the famed institution yesterday to protest against pending layoffs and the restructuring of the store's retail sector. As many as half of the store's nearly
      AFP  -  403 words
    • 381 11 SINGAPORE Reuters CHINA intends to allow some companies to use for-eign-currency earnings to buy bonds overseas in a move aimed at reducing pressure to revalue the yuan, the Financial Times reported yesterday. In a report from Beijing, the newspaper quoted officials and industry executives
      Reuters  -  381 words
    • 160 11 HONG KONG Bloomberg BILLIONAIRE Li Ka-shing's Hutchison Whampoa Ltd, Asia's biggest investor in high-speed mobile phone networks in Europe, will delay the start of third-generation wireless service in Hong Kong by two months to August, blaming a shortage of cellphones. Hutchison Whampoa said demand
      Bloomberg  -  160 words
    • 577 11 TAIPEI The 101-storey, NTssBb building will be 508 m high Bloomberg TAIWAN President Chen Shui-bian said the world's tallest skyscraper, due to be completed in Taipei next year, is a monument to the island's can-do spirit amid an economic slowdown, the Sars epidemic
      Bloomberg; AP  -  577 words
  • Page 10 Advertisements
    • 502 10 Notices In the Matter of The Companies Act Cop. 50 and In the Matter of SEMBRETA PTE LTD (In Members' Voluntary liquidation) At on Extraordinary General Meeting of the abovenamed Company duly convened and held at 15 McCollum Street 12-03 Natwest Centre Singapore *****5 on Monday, 30 June 2003 at
      502 words
    • 293 10 FLAIRIS TECHNOLOGY CORPORATION LIMITED AN UPDATE ON THE PROPOSED MERGER BETWEEN FLAIRIS TECHNOLOGY CORPORATION LIMITED ("FLAIRIS") AND BEYONICS TECHNOLOGY LIMITED ("BEYONICS") BY WAY OF A SCHEME OF ARRANGEMENT UNDER SECTION 210 OF THE COMPANIES ACT, CHAPTER 50 ("SCHEME") Satisfaction of the Net Tangible Asset Value ("NTA") Condition Precedent of the
      293 words

  • Article, Illustration
    1070 11 Transaction date: Jul 1 MTERBAiniCROSS RATES AS C$ Bwb tiro HKS lad ts >g> Yw Wow W hth Nm S$ tand Mr m_JM Hmt tfSS Australia 0.910 5.605 0.585 5.267 J1J63 55.649 0.806 8.037 2-566 1.140 39.001 36.070 1.187 5.021 0.911 ***** 28.317 0.409 0373 Canada 1.099 6.161 0.643
    1,070 words

  • WORLD news
    • 658 12 KUALA LUMPUR Analysts say more will seek to emulate Air Asia to meet growing consumer demand AFP MORE no-frills airlines may take off in Asia to meet increasing consumer demand following the success story of Malaysia's budget carrier Air Asia, industry experts say.
      AFP; AIR ASIA  -  658 words
    • 441 12 BERLIN Reuters EUROPE'S largest economy, Germany, could shrink this year for the first time since 1993 and the European Central Bank should cut rates to fight deflation, Germany's DIW think-tank said yesterday as new data dampened recovery hopes. "Germany is in an economic crisis," the research
      Reuters  -  441 words
    • 204 12 TOKYO AP THE former president of a Honda-linked company that built Formula One engines was arrested yesterday on suspicion of evading about 1 billion yen (5514.7 million) in corporate taxes. Hirotoshi Honda, president of Mugen Co and the eldest son of Honda Motor's
      AP  -  204 words
    • 321 12 LATEST us data AP Bloomberg {WASHINGTON] Spending on construction projects dropped in May by the largest amount in a year and manufacturing was sluggish in June, signs that the economy is still struggling to get back on firm footing. The
      AP; Bloomberg  -  321 words
    • WORLD Watch
      • 101 12 Bloomberg [LONDONI British Airways Pic had its credit rating cut to junk by Standard Poor's because demand for air travel has fallen after the war in Iraq and the spread of severe acute respiratory syndrome. The airline's long-term corporate credit rating was
        Bloomberg  -  101 words
      • 75 12 NYT [LONDON] Prince Charles on Monday released, for the first time, a detailed accounting of his income and expenses. His income, nearly US$l7 million last year, grew 27 per cent from the year before. The bulk of it comes from the Duchy of Cornwall. The
        NYT  -  75 words
    • 538 13 WASHINGTON SECs move aimed at slowing executive-pay gravy train Reuters MOVING to slow the execu-tive-pay gravy train, market regulators on Monday ordered US-listed corporations to begin submitting many lucrative, stock-based pay plans to shareholders for a vote. In a partial victory for investor advocates,
      Reuters  -  538 words
    • 458 13 SAN FRANCISCO Move backs trend among semiconductor makers to shift production overseas Reuters Bloomberg TEXAS Instruments Inc will build a US$3 billion chip-making plant in Richardson, Texas, bucking a trend among semiconductor makers to shift production overseas. The world's biggest maker of
      Reuters; Bloomberg  -  458 words
    • 482 13 NEWYORK It advised on 107 acquisitions worth USsBs.7b Bloomberg GOLDMAN Sachs Group Inc, the top global adviser on mergers in four of the past five years, extended its dominance in the first half of this year, managing four of the
      Bloomberg  -  482 words
    • 307 13 Reuters [LONDON] Britain's largest telephone directories firm. Yell, resurrected plans for a £2 billion (Sss.B billion) stockmarket listing yesterday, London's biggest flotation for two years. Yell, publisher of the business guide Yellow Pages in Britain and the largest independent directories publisher in the
      Reuters  -  307 words
    • 642 14 NEW YORK Breadth of rebonnd extensive, with 470 stocks in the SAP 500 ap for the quarter NYT THE US stock market has posted its best quarterly performance since the end of 1998, producing the most encouraging rally since the long
      NYT  -  642 words
  • 1611 12 SICOM FUTURES .full RUBBER futures (Closing prices) RSS1 (S ce«tsAq) Close Volume Open Month High Low Sett (totwts) Interest Aug 03 ***** Sep 03 163.75 Oct 03 161.75 Nov 03 160.25 RSS 3 (US centsAq) Volume Open Month High Low Sett (tonnes) Interest Aug 03 9625 9625 %M 100
    1,611 words

  • 5266 13 Transaction date: Jul 1 HONGKONG v* HKRIntl 1.31 unch 5827 HO 000 Hong Kong Electric 30 60 -0 20 2545 Hongkong Chinese 0.84 -0.02 2612 Alpha General 0.28 unch 56 Hongkong Chinese Ltd 0.84 -0 02 2612 Ananda Wing On 0.01 unch 0 Hopewell Holdings 8.30 0.35 5048
    5,266 words

  • 6220 14 Transaction date: Jul 1 52-Wk Lot Vol D*y Last Quote GrOrv On, GrVM MM MCjb Low Compwy Solo (DOB) Htgli low Tr SoUor CV PI* US ABNAmroNIG 56c 9 12 14 1311 16 9 ACE Dynamcs20c _...15.5 unch 75 15.5 1S.5 15.5 16 100 129 15J 21 95
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  • 67 14 U4* Lai M Day uaQwti CrfM» Or, GrYV) Mat MGk> M+ I—> Ciw»»> M> Ctm NM< Uw ■■»«> S«*«r Cw Ht >3 9600 89 Diamonds U***** 3750 2700 IS DJ US Tech US3740 555 555 IS M5CI Spore US55S 8270 8200 ISSAP500 US8270 9650 8280 SPORS US96SC 1670
    67 words
  • 1590 14 S24* KM Vol Day Lan Quote Grttta M» OrVW MM MCjb low Comply M» W- (*088) 1801 U» Buy SdUr Cw P« h3 17 7.5 ABRHIdgsSc 14 unch 112 14.5 14 14 14.5 V j 25 15 APOrlSc 24 -05 106 24 24 24 24.5 27 2.6 5.6
    1,590 words
  • 320 14 U-Mi Lvt Val Day UHQmH GrO* t*» GrVM MM MCaa i— rin ii i*» w- (mm *»>« s«i» cv w w 165 (1 AVJennings A25c A165cd «6 431 165 161 165 166 40 3.4 6.1 9.6 3551 Cathay Pac 20c HK720 265 2-1 7.4 6 *****2 Cheung KongSOc
    320 words
  • Page 14 Miscellaneous
    • 275 14 CBTPTIC CROSSWORD ACROSS 6 Edible apricot is disastrous 8 Drink makes bishop lustful 9 Measuring device near the JBL-JBL—JH—_H 10 Meat provided by survivor of 12 Consider change when divine conclusion ace 16 Heavenly body from which one extracts a drug (7) |Hw9lß H| 20 Conclusive experiment for which litmus
      275 words

  • BT motoring
    • 677 15  -  A retrenched engineer tells Sarnnel Be how he made a new start by becoming the owner of a car grooming centre Samuel Ee A TOUGH time out of work led one unemployed man to To ugh seal, a paint protection system. Today, Patrick Selvakumar is the UK
      ARTHUR LEE  -  677 words
    • 305 15  -  By Samuel Ee TWELVE people have put their names down for the Gallardo by Italian exotic carmaker Lamborghini even before production began and way before the final price is fixed. "At the moment, the car is about $850,000 without COE," says KC Chong, manager of
      305 words
  • 2244 15 Transaction date: Jul 1 KUALA LUMPUR S? 5* *jm ZZZ" il™ 535 5 ,2 AIM Realty -.0.77 unch 5 W« T -jj Abnc 103 0.07 1351 iS i» AC P Industries -295 unch 6 1.68 undi 139 SIS ,7 S:S 3S8 ft06 72 Golden Hope Plant 334 unch 45
    2,244 words
  • 800 15 Transaction date: Jul 1 ma—! w Qw» o—t 9iad»a— m a— <*—■» Alamn 50c 043 0.975 *0.015 NatStM* SOc O SS 2.700 *0420 c£E 0-56 4.980 *0.040 03C 8.72 ***** C**oUend 114 1750 *0.010 OO E 057 6.950 -0050 Chart SemiCond 26c 096 0920 *0410 Partway H 2Sc 049
    800 words
  • 349 15 BONDS WARRANTS fnm Imkj LM Ml Cum lut M*c G«r 1Mb emmm r— >■> t*i 4571******1 u 1 1« *crn»Od«0*>lU 15 <5 100 I it) 41S 6*7 It AmWiWOSqS'O *>5 -2 1 B 2 1A4 2} AQ4CS2C *5 <$ W I 26 2» 10 ■aolMlMMaU S 4 l QOM0504/7 .1
    349 words

  • EXECUTIVE money
    • 1230 16  -  Naming a beneficiary will curtail one's control of the insurance policy, reports GENEVIEVE CUA GENEVIEVE CUA DO you know that until recently, if you named your spouse and/or children as beneficiaries to an insurance policy, you effectively created an irrevocable trust? Whether you realised it or not,
      REUTERS FILE PHOTO  -  1,230 words
    • 624 16  -  By\ Genevieve Cua IF you bought a new insurance policy in the last six to nine months, you probably were not prompted to name a beneficiary in the proposal form. All insurance companies have done away with the practice of allowing beneficiary
      624 words
    • 777 16  -  inside!., U\miM By Robert Halili SENTIMENT remains bearish among directors and substantial shareholders in the Singapore market, with 41 out of 64 firms that are expected to announce interim or year-end results from July to September recording sales in the past
      777 words

  • SHIPPING TIMES
    • 265 17 Reuters THE Baltic Dry Index fell 2 points to 2125, the Baltic Capesize Index fell 27 points to 2772, the Baltic Panamax Index rose 17 points to 2144 and the Baltic Handymax Index rose 20 points to *****. TXHE-CHABTCR: Mineral Dragon (built 1994) *****2 dwt delivery Sines 1/5
      Reuters  -  265 words
    • 270 17 MX '000 Ml SS W CWT Distribution 0.58 -0.01 85 Chuan Hup a41 -0.01 651 CM Oft shoe# 0.22 0.01 240 Cosco Investment ...029 unch 3892 FreW* Links 0.06 0.01 287 C8 Hoiairvgs 0.70 unch 106 Jaya Holdlnqs 0.37 -0.01 705 Keppei Corp 4.88 -0.02 1230 K1 Venture
      270 words
    • 657 17  -  I'il exclusive Piracy watchdog warns of ongoing attacks off Bintan By] Donald Urquhart [SINGAPOREJ A Singaporeflagged tug hijacked nearly two weeks ago in Indonesian waters was found early yesterday after a mysterious tip-off, as escalating pirate attacks off the eastern shores of Bintan
      657 words
    • 46 17 [PANAMA CITY] A boat carrying fuel leaves the Miraflores dock, 15 kilometres north of Panama City, on Monday. Beginning yesterday, ships using the canal as a short cut between the Atlantic and Pacific oceans will have to pay a higher toll. AP
      AP  -  46 words
    • 194 17 Xinhua [SHANGHAI] China's major shipbuilding company has signed deals involving 3.6 million tonnage during the first five months of this year, reaching its annual target of 3 million tonnage seven months ahead of its schedule. Chen Xiaojin, general manager of China
      Xinhua  -  194 words
    • 531 17  -  Govt concerned about tnftintAining quality: marine dept official From P T Bangsberg in Hong Kong THE Hong Kong government is stepping up inspections of locally registered ships which account for about 6 per cent of world tonnage as part
      AFP  -  531 words
    • 989 18  -  STRAIT TALK -By David Hughes IF class is to remain relevant, it must remake itself for the modern world, according to American Bureau of Shipping (ABS) president and CEO Robert Somerville. Many in the shipping industry would agree with that.
      FILE PHOTO  -  989 words
    • 199 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
      199 words
    • 13631 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'i Name Name Number Number SIN Dest'n Name Name Number Number v 20/07 wot COSCO EVER GENTRY 099W 65-*****900 To ABIDJAN (ABJ) 2003 Cot* D'lvolre 20/07 14/00 Hamburg S EVER GENTRY 0504-099W 65-*****W
      13,631 words
    • SHIPS IN PORT
      • 660 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ANABAS 2389E J14 A/SIDE 02/07 2300 ASIA CEMENT2 867 J23 A/SIDE 02/07 1000 GOLDENMULIA JB0604 J8 A/SIDE 02/07 0400 IRANKASHANI V001 J14/15 A/SIDE 02/07 0600 PHU YEN 1 03 J10 A/SIDE 02/07 150C PRINCESS LIL 0603 J25 A/SIDE 02/07
        660 words
      • 2131 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MARGUERI 019N J319N 1_ 05X37/2003 15 00 06/07/***** 3 00 ALMUTANABBI C249W C249VV 1 05X37/2003 1500 06X37/*****3 03 ALNOOF C241E C241E 1 05/07/2003 1200 05/07/2003 2100 ANLINOONESI 24GE 24GE
        2,131 words
      • 140 25 Jul 14 France: National Day. U Kingdom: Orangmen's Day. Jul 15 Brunei: Sultan Birthday. Thailand: Buddhist Lent Day. Jul 17 S Korea: Cons Day. Jul 20 Japan: Marine Day. Aug 1 China: Founding Chi PLA. Aug 4 Australia: Picnic Day. UKingdom: Summer Hoi. Aug 12 Thailand: Queen's Birthday.
        140 words
      • 839 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 averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        839 words
      • 520 25 CrtOB 180 M« 991.0 0J 15.7 0.07 45 0.02 asa eE2S 986° 5 o° «.d 0.0? 2° 0.0S *£,"2 380 Mai 990.8 3.0 17.4 0.09 68 0.06 KC/iri WV M/M urn WW wtNX No above 635 0 1 0 0 0 0 ISO/Cimac Limits Spec E25
        520 words
    • AIR & LAND transport
      • 537 26 Current projects not adhering to cost and time schedules: report Bloomberg [WASHINGTON] The US government may be forced to delay air-traffic control upgrades because current projects are taking too long and costing too much, an inspector's report said. Costs of 14 Federal Aviation Administration
        Bloomberg  -  537 words
      • 344 26 FLIGHTS RECOVERY Demand returning as fears over Sars recede AFP [KUALA LUMPUR] Malaysia Airlines has revamped its international flight schedule as fears waned over the Sars outbreak. It is adding five new routes, including two new Indonesian destinations, Balikpapan and Manado, it said in a
        AFP; FILE PHOTO  -  344 words
      • 262 26 AFP [BOMBAY] Air India said yesterday it will resume two of five weekly flights to Hong Kong from July 11 after the city was removed from a list of areas affected by Sars by the World Health Organization. The flights, on Tuesdays
        AFP  -  262 words
      • 221 26 Bloomberg [LONDON] British Airways (BA), Europe's biggest airline, and its Oneworld alliance partners will offer fare cuts of as much as 40 per cent for companies in Germany, as it seeks to win more business travellers from Deutsche Lufthansa. London-based British Airways
        Bloomberg  -  221 words
      • LOG Book
        • 89 26 Reuters [SEATTLE] Discount carrier AirTran Airways is set to order as many as 114 narrow-body jets from Boeing Co and aircraft lessors, adding the 737 to its fleet of 7175, according to sources familiar with the situation. The rapidly growing airline, which is based in
          Reuters  -  89 words
        • 85 26 [KUALA LUMPUR] Australian Airlines has started offering non-stop flights from Australia to Sabah from yesterday. For a start, it operates a weekly flight on the Sydney-Kota Kinabalu route. Flight A ***** departs from Sydney at 11.05 am and arrives at Kota Kinabalu at 4.30pm on
          85 words
      • 557 26 It says govt should maximise use of existing runway capacity first Bloomberg (LONDON] TBI Pic, the UK's No 2 airport manager, urged the government to reject proposals for a third runway at rival BAA Pic's London Heathrow Airport and to consider a
        Bloomberg; BLOOMBERG NEWS  -  557 words
      • 1968 26 CIT» RIGHT rr* FLIGHT ETD ***** 0635 8*7305 2250 «IH9771 1835 LH9T64 1445 Of5 2250 S0230 «35 SO 325 1445 1*779 2305 AmttriMi 5023 0605 *1838 2255 IH778 1555 ****** 2305 S035 0640 S036 2345 71 M?008 IJ0S S***** 1555 LH9763 2350 *L837 1455 M7306 1805
        1,968 words
  • Page 17 Advertisements
    • 122 17 W /Jm *9 W r fl f I liH W«- I I fr 'I MAS revamps international flfeht schedule BACKPAGE STRAIT TALK A class thai needs to improve its act Pg2 ■KfPVfMMK SINGAPORE(PORT KELANG)/CALCUTTA-HALDIA VV TRADES NOTICE TO TRADE RATE RESTORATION The following feeder operators in the Singapore(Port Kelang)/Calcutta-Haldia w
      122 words

  • Page 18 Advertisements
    • 889 18 I TO USA/CANADA H 1 EXPORT I I OTHER DESTINATIONS 1 Vtaa |VOT H6 |Hl ill |lflllGOmn|BiAliASj HOUSTON |MMPHK|OGCAGO|nw YOM TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) nowuorosiumsAm \iw 01*7 02*7 iw 22*7 25*7 23*7 iw 2**7 Jvosa voy ha sm pig ST~I mk syd mb am OOQUNGKAOi OIE2I 00*7 01*7 25*7
      889 words
    • 463 18 Linn sennces represented by J*. ffiki of the Registry of J™"" J3|r!' n9O Sl Uj K <a.,. y Singapore Shipping Asjoatfion ULY UNI MALE A/ESSE VOY ETA ETA ETA A P. ■m SfOKE MALE Mold Star 540 A 03/07 05/07 14/07 Empress Lily 0403 13/07 15/07 24/07 Mold Carrier 740
      463 words

  • Page 19 Advertisements
    • 1366 19 TO EUROPE FROM EUROPE ivpsa Ivors* get mm» hmiw mm ia IfvEßa Ivor mm Am ha« tv sou m ail API IRELAND 104W 03/07 23/07 25/07 21/07 API CORAL 1121 13/0* 15/06 JO/06 02/07 MOl PROMISE 009W 04/0716/07 21/07 23/07 25/07 26/07 HTUCAI GB«At SMI 14/06 16/06 11/06 12/06 05/07
      1,366 words
    • 2106 19 "VPMME OUR SCRVKE FROM SINCAPOftE TO BUCK SU VIA PORT SAW ODESSA (UttAM) 19 DAYS «NOAL AGfWTC M SINGAPORE M IOMRSOM tO (11-M SAUS/BKGS TO: *****857/4J HUt *****J21/M I COSTAR SHIPPING PTE LTD «*w«noaw« outwardeb/u mtosmi tmujs//s I CONSTANTZA (ROMANIA) 23 DAYS n»n«7IMOO« TIL 6726 1800 (MAW) INWARD (0/0) *****744
      2,106 words

  • Page 20 Advertisements
    • 1335 20 HYUNDAI MERCHANT MARINE CO., LTD. Ho—pay: wwwJm-21.c0m C 8 NO. H*****0000H [M voir IS* I SOU I lEH RIM ANT HAM |MN fviSSa VOY I SOU lUN I RTM I ANT I HAM I ORV ISM API IRELAND IO4W 03/07 21/07 23/07 25/07 AftCOtAl 1121 09/06 11/0* 13/0* 02/07 MOI
      1,335 words
    • 1504 20 WAN HAI NIERNATIONAL Pit LTD a wo. **********0/R Vr.A TH:6226ISM (MUNIS) FAL*****163 HAI LINES isssssssss&gESSLm V X* 111. 107) 2514*73 HJL 107)*****71 SUI 18. 1031) *****75 ML A3I) 37V7714 1711 JOS WWW L_i M *I*-I42I]S2S4IIIHai42I)S2S«7M«**.7IkM/714»l ML*****1 www.wwi.fw.tj ■■:)IM)4IiWBIMH>U«m>B/«I<HW I vtssa I ¥ot rw m kusmmuow a kiwtiir rro rai rm
      1,504 words
    • 692 20 MYANMA SB FIVE STAR UNE (MyoMiar Nitiood Um) Loo ding for Ym|m VfSSfl VOT SIN PU PIN PGU PAGAN 304W SIS HP* AN 307W SU> IN MALATSIA: lOUSTEAO SHIPPING AGENCIES KIR: 03-*****300 PCL 03-317M101 PEN: 04-*****01 tgi BANK LINE (A strvict of k»4r*w Wtir Sbippbg) I NORTHBOUND TO EUROPE V
      692 words

  • Page 21 Advertisements
    • 1289 21 IVISSiI VOY KHH HKO SIN WCL PXB DMM UK IRAN TEHRAN PCI 31S ***** 02/07 03/07 06/07 13/07 14/07 20/07 22/07 UNDAVIA PCI 319 08/07 09/07 12/07 13/07 20/07 21/07 27/07 29/07 IRAN KERMAN PCI 320 15/07 16/07 19/07 20/07 27/07 28/07 03/08 05/08 IRAN ISFAHAN PCI 321 22/07 23/07
      1,289 words
    • 574 21 A k UK CONTINENT SERVICE Load*ig for GULSER ANA RDM/ATW/BMN/UK/NAN EVANGELISTRIA RDM/ATW/BMN/UK/NAN Loads Singapore. EVW Malaysia Indonesia MIDDLE-EAST SERVICE Loading for J SAFE DBI/ABU/DOH/BRN/DMM/KWT LOK MAHESHWARI JDH/AQA PAN BRIGHT ADN/HDO/JDH/AQA APJ ANJLI DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore. E7W Malaysia. Indonesia USA SERVICE Loading for QUI GONG JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX/MZL 'Loads
      574 words
    • 1363 21 nssa vqi m m vn» yqi s» a: H( PANDA OWN 02/07 03/07 fIKSWJ IMZ 03/07 05/07 PACOANPA 09JJN 03/07 04/07 PAC RMTAN 2201 06/07 m/ 07 PACOANPA 0904N 05/07 06/07 W Mill UNI 10/07 n/fl7 HCUWA 8512! fiZZfiZ 07/07 PACOINTAN 9209 13/07 15/07 mciahda fisiM Msz mzsiz pac ianqa
      1,363 words

  • Page 22 Advertisements
    • 588 22 OGfl BRIDGE MSN 04-05/07 11 13/07 IUVD7 I TIGR SHAM OWN 01-01/07 27 73/07 I neasxY win 1112/07 1020/07 2s 26/07 I ncoisa WIN 15 14/07 27 24/07 21 30/07 I H6BH)O6t OWN IH9/07 25-27/07 0142/00 I VOY fil UN I XPtES REMOWM 130 30M785 O*WO7 *****07 I DAWN 421
      588 words
    • 1046 22 FREIGHT LINKS EXPRESS PT6*LTD* 51 Penjuru Road, 3 Level, J •mmSZL Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 fogFI E-mail: flesin@singnet.com.sg LCI SERVICE TO CEBU, PHILIPPINES f VESSEL APL NINGBO V.012E ETA SIN Booking 6267# 5565/4694/5535/5580/5541 *****/5569/5560/5563/5514 PROJECT Cr HEAVYLIFT CARCO M (CONVENTIONAL RORO) FWtor JdmP Lawrence
      1,046 words
    • 1204 22 ITS? IPDZ LINES I I CUSTOM® MVKfc TIL 02-4221-5594 FAX: 02-6227-8100 SMGAPOtE: TOMG JOO SHPPIMG PTE UP DBZ3yZXSIIES2BEOC3ZIEDCZZKZQCSEEDQEEI K.gmm mm 01/07 suwia*) 300;|07/07 Mgat 3>?s m/o; s.wum ms o*/o; asms oToTTmo; MSA MAS I lIW 40/07 GISWII *****QQ/07 K.OMHM2 XV 00/07 OUOWC 3801 11/07 quAN UUIO 13/07 111/07 K QfMU
      1,204 words
    • 219 22 wp F22^m222J2J1 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI lypsa j VOTAGI IUSWGAPOOE mniKH ImUM I OWHW OS/H7/Q3 15/07/03 t|Me SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Road #17-07/08 Apex Tmnr, Singapore *****5 Telephone: 6270 0977 II Facsimile: 6275 2309 Telex: KS ***** SEAMC DIRECT SIN NAMPO, DJ>JL
      219 words



  • Page 25 Miscellaneous
    • 108 25 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 represents 50 knots D
      108 words