The Business Times, 15 July 2003

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 24
1 24 The Business Times
  • 15 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE I Internet: http://business-times.asial.com.sg TUESDAY, JULY 15, 2003
    15 words
  • 885 1  -  :iri exclusive Policyholder ceases to own policy or proceeds if he names beneficiary By Genevieve Cua [SINGAPORE] If you bought an insurance plan with your CPF savings, and named, say, your spouse as beneficiary, to whom does the insurance money belong? As
    885 words
  • 616 1  -  Lower purchasing power of their salaries makes them less well-off By. Anna Teo [SINGAPORE] A dollar here doesn't quite go as far as it does in Canada, New Zealand and a host of South American countries. Which is why, although Singapore senior managers
    616 words
  • 73 1 STI 1,574.46 (+2JM«) ST INDEX FUTURES 1,580.00 (+30.00) SIMSCI FUTURES 196.00 (+4.40) Monday Change KLSECOMT 727 I I IL'I NIKKKI 22-*. §MM 1202* HANG SEMi 10.***** SKT INDEX rfc«swt JAKARTA ((IMP .10 27 MANILA(fflT UMJI 1444 TAII*KI Wll *349.94 1099* SKOILCOMP ***** 15.95 SHENZHKNBflUI *:»:tO AI ST ALL (IKI)
    73 words
  • 91 1 FOREX RATES us$ s$ I SS |S$ p»T I S$| 1.755 Y|l SS/SS per V| 162". 2.K52 a KO|l SSttS/K). 1.127 1.977 YKN 117.6 «7mt KM 3 mm 2.IM HKS 7 HtMi 4.445 BAHT 41.51 23 85 Kl HAH Kjtm 4.KW KKNMIMil •»2W 4 7JH INDIAN RI PKE 4«II*
    91 words
  • 744 1  -  By Raju Chellam [SINGAPORE) After two years of tight budgets and shrinking sales, the global semiconductor industry is poised to return to positive growth this year and next, according to the industry's two top research bodies. That should bring cheer to Singapore's electronics industry,
    744 words
  • Page 1 Advertisements
    • 1 1 81
      1 words
    • 72 1 J HI B ij J M "WlTil'ir^^rTyfijailfcTiwTiiTTTjTj^T'ytWiM <9c^^^b '*Vs'^M \JA^B Breguet. La passion laisse des traces. W Wnstwatch "Classique" in 18-carat yellow gold Extra-thin selfwinding mechanical move- -^W/AIM/>/ menl Off-centred subdial for the seconds Silvered gold dial hand-engraved on a rose engine Also available with white enamel dial Cambered sapphire
      72 words

  • NEXT page
    • 648 2  -  WATERSPAT Govt says the ads ignored documents that have been made pnblic By Chuang Peck Ming, Eddie Toh in Kuala Lumpur SINGAPORE appears unfazed by the latest newspaper ad campaign that Malaysia has launched against it over the two countries' water
      FILE PHOTO  -  648 words
    • 576 2  -  From Neil Behrmann in London PRECIOUS metals traders and analysts believe that gold and silver will be vulnerable in the next few months because the dollar has revived against the euro. The euro, down 5.5 per cent from its peak, has
      576 words
    • 552 2  -  f3FI exclusive Local developers say smaller players will get weeded out By] Loh Hui Yin [SINGAPORE] The new curbs Chinese banks put on lending for property development and purchases have not affected Singapore projects in China. If anything, Singapore developers who are betterfinanced
      552 words
  • Page 2 Advertisements

  • SINGAPORE companies
    • 724 3  -  JP Morgan survey says Singapore bank has consistent growth dividend policy By Siow Li Sen OCBC Bank is the prince among Singapore companies when it comes to having a consistent growth dividend policy. In a survey by JP Morgan on "Dividend Policies in Asia", the
      Source: JP Morgan  -  724 words
    • 302 3  -  He stands to receive the shares if company meets certain targets By\ Daniel Buenas SINGAPORE Telecommunications' chief executive officer Lee Hsien Yang has been awarded 1.4 million Sing Tel shares but vesting of the shares is subject to a review of the
      302 words
    • 208 3 AS interest in high yield instruments builds up in the local market, brokerage GK Goh is projecting Ascendas Real Estate Investment Trust (A-Reit)'s yield to tighten to 7.59 per cent. In a recent note highlighting A-Reit as an attractive yield play, the
      208 words
    • 471 5  -  It will be the third company there to distribute the US giant's products By' Vince Chong IT PRODUCT distributor ECS Holdings, which holds the distributorship of major brands such as IBM, Hew-lett-Packard, Canon and Oracle in the region, has added the key name
      471 words
    • 460 5  -  Ex-director also takes ont bankruptcy petition against ex-CEO Liau By] Daniel Buenas E-SERVICES provider ei-Nets Ltd has been served with a winding-up petition after being denied a stay of execution by the courts to pay damages to a former executive who had sued the firm for
      460 words
    • 278 5 It says air travel is recovering as Sars is contained CHINA Aviation, whose supply of jet fuel to China was affected during the Sars outbreak, said the procurement planned for the cur rent quarter has gone up by
      278 words
    • 697 5  -  55 lock siew r sivanithy FIVE years ago when stock prices were at about the same level as they are today, share buybacks became all the rage in the local market. Companies fell over themselves to amend their articles of association in order to
      697 words
    • 307 6  -  Talks going on with investors to sell the remaining 33.5% stake in the ISP By Daniel Buenas SEMBCORP Industries (SCI) has sold one million shares in Pacific Internet (PacNet) for a $16.6 million exceptional gain, reducing its holding in the Nasdaqlisted Internet
      307 words
    • 411 6  -  187-unit freehold condo is priced at $835 per sq ft By Andrea Tan PROPERTY giant Capita Land has offered Indonesians the first bite of the cherry at The Imperial its first launch of the year. BT understands that the 187-unit freehold condo development
      411 words
    • 316 6  -  By\ Loh Hui Yin THE Sars outbreak in China did not appear to have put a damper on sales by Singapore developers with projects there. "The Sars outbreak did temporarily slow down the public's visits to showflats. It is now a non-issue
      FILE PHOTO  -  316 words
    • 476 6 Reuters SHARES in South-east Asian beverage group Fraser Neave Ltd (F&N) hit a near six-year high yesterday as investors snapped up what some analysts described as an "undervalued" stock. The index-linked stock closed 40 cents higher at $9.85 after hitting a high of
      Reuters; FILE PHOTO  -  476 words
  • Page 3 Advertisements

  • SINGAPORE markets
    • Article, Illustration
      329 4 OTHER SINGAPORE INDICES Jul 14 VALUE CLOSE BT OB/OS 889.00 +342.00 BTCAW -*****.00 +229.00 BT l(Nlajr MA -*****.00 +89.00 M-SGEquMcs 425.24 +7.96 SG Equitiw Ekct 150.92 +3.01 SG Equities Fhi 1341.43 _+19;13 SG Equities Prop 406.15 +4.79 MSC1 Singapore 194.61 +3.73 SMSCi Futures 196.00 +4.40 Stocks Volume IPC0 20C 197,168,000
      329 words
    • 294 4  -  HOT STOCK/ WARRANT By' Ven Sreenivasan THE market is getting to a stage where rotational punting is slowly giving way to value and situational plays, according to brokers. If that is indeed the case, there are some second-liners and penny stocks which
      294 words
    • 699 4  -  I-I I comment STOCKS ven sreenivasan THE Singapore benchmark index yesterday surged to its highest level in a year, boosted by positive news flows and the growing belief among investors that the global economy could grow strongly during the second half. Market insiders
      699 words
    • 563 4 Bnt euro seen nnlikely to fall further; focus shifts to key US events this week AFP [TOKYO] The euro hit a new twomonth low against the US dollar yesterday in a continued reaction to comments by German Chancellor Gerhard Schroeder apparently in favour
      AFP; AP  -  563 words
  • 3088 4 UNIT TRUSTS FUNDS Com Global Irtestyle Index Fd 0.87V Com Global Health Index Fd 0 84V Com Global Telecom lode* fd 0 442/ ?Sp!T!3L??5,i!i nun Com Global Infotec Index Fd!** 0.32/ l\Z f f*" Com Global Energy Index Fd 0.85V f£2S n JZ Global Travwindex Fd 0 708/ sS n°7%
    3,088 words

  • Page 5 Advertisements
    • 21 5 Lost pet? Try finding it at Classification 821 (Found) of The Straits Times Classified. C.A.T.S. Buy H. Sdl H. Find h.
      21 words
    • 145 5 All those in favor of a truly Independent risk consulting and Internal audit tem I v. i v£\ <S~ f. *K• 1 >•t- 'I* fe. IPmH I Independent Risk Consulting Ara your internal financial controls vulnerable? At* you actively menag»ng the critical operating risks of you burtwass? How secure is
      145 words

  • Page 6 Advertisements
    • 1112 6 To advertise cafl tott-frt* 1800 289 8822 Email: notkcs^sphxanLSg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 MA YEE IMPEX PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act. Chapter 50. a Final General Meeting
      1,112 words
    • 7 6 ciis. Buy It. Sell It. Find It.
      7 words
    • 47 6 High flyers or low turnovers, industry upswing or H company down-sizing, if it affects the executive, H A you'll find it in EXECUTIVE JOBS, every Saturday in The Business Times Weekend edition. H SUBSCRIBE NOW! To get BT Weekend delivered to your home on Saturdays, call *****838.
      47 words

  • SINGAPORE news
    • 314 7  -  3on the economy jobs But financial positions shrank by half year-on-year By Oh Boon Ping THE demand for managers saw a strong rebound last month, according to executive search firm EL Consult Singapore. In its monthly study, the firm reported a surge
      FILE PHOTO  -  314 words
    • 355 7  -  By] Kalpana Rashiwala CAPITALAND may have found just the formula to achieve a jump in visitors at its Clarke Quay mall by having a reverse bungee later this year. The announcement yesterday evening came just two days after Prime Minister Goh Chok Tong's surprise announcement
      355 words
    • 268 7 ASEAN members have not let the occasional bilateral spat or hiccup affect the wider cooperation in the group, says Foreign Affairs Minister S Jayakumar. "It is inevitable that in a grouping of 10 countries, there will be periods of strains and stresses among
      268 words
    • 301 7 End of Sars allows Cabinet changes announced in April WITH Singapore now free of Sars, Lim Hng Kiang will relinquish the Health portfolio on Aug 1. Taking over as Acting Minister for Health will be Khaw Boon Wan, the Prime
      301 words
  • Page 7 Advertisements
    • 133 7 60,000 Bonus Miles. What's our biggest ever offer mean to you? a Decisions, decisions... When you fly Northwest Airlines roundtrip World Business Class to the U.S., including Honolulu, between July 15 and September 14,2003, you'll have lots of choices. Will you take 2 free World Business Class tickets anywhere within
      133 words

  • FOCUS property
    • 877 8  -  URA keeps zoning and plot ratios largely unchanged for private properties By Kalpana Rashiwala THE Urban Redevelopment Authority's recently completed review of the Master Plan, by and large, has not given a windfall to private property owners in terms of higher plot ratios. This applies
      FILE PHOTO  -  877 words
    • 335 8 Buyers rushing in to close deal before interest rates go np, say analysts Bloomberg [TOKYO] Tokyo condominium prices posted a seventh consecutive monthly rise in June, the Real Estate Economic Research Institute said. An analyst attributed this in part to buyers purchasing to
      Bloomberg  -  335 words
    • 149 8 Xinhua [BEIJING] CHINA'S fledgling property management sector will create a substantial number of new jobs, Vice-Minister of Construction Liu Zhifeng said here yesterday. Mr Liu told a national property management conference that by 2020, urban residents will occupy 30 square metres per capita,
      Xinhua; AP  -  149 words
  • Page 8 Advertisements
    • 320 8 SERANGOON PROPERTIES FOR SALE A: Strata Units in Upper Serangoon Shopping Ctr 66 shop units: 4,3 IS sq m J^V^vX 1 office 77 sq m—\ .Xs 8 apartments 1,066 sq m Total' 5,458 sq m B: Shophouses at 760/762 cw-vA Upper Serangoon Road Y Land Area: 284.2 sq m Floor
      320 words
    • 85 8 u p to 5 Months* Rent Free" Grade A Building in Raffles Place Flexible Sizes from 1,000 28,000 sf Long Sub-lease Term Fitted Out or Bare Units Highly Subsidised Rent Inclusive ot ma* 2 months lor renovation Sole Marketing Agent Commercial 6531 8669 HHHM 6531 8672 MB r. ■s'-vm IMMMMMMMMMMI
      85 words
    • 296 8 FOR SALE BY TENDER 1 /3/5 CHANG CHARN ROAD 2 blocks of prime industrial buildings Total Site Area: 3,048.8 sq. m. approx. Alexandra Road Total Floor Area: 2,382 sq. m. approx. sm mo c*** Th-nong Izf/ 99-year lease from 1 January 1958 J<§ i—KSj 1998 Master Plan: Light Industry at
      296 words

  • MAIL bag
    • 310 9  -  Leong Sze Hian Singapore ALMOST every week, there are media reports of organisations retrenching staff or offering early retirement. Even the People's Association, a non-profit organisation whose primary role is to build community bonds, is offering early retirement to its older employees. Organisations
      310 words
    • 187 9  -  Chee Hong Tat Secretary Council on Corporate Disclosure and Governance I REFER to the report "Consensus on option expensing eludes council" (BT, July 12). The article reported that members of the Council on Corporate Disclosure and Governance (CCDG) accept that Singapore would eventually move
      187 words
    • 170 9  -  Chia Hui Ping Singapore SC GLOBAL (SCG) has a 42 per cent stake in AV Jennings (AVJ), an Australian developer. The two have different financial years SCG's ends on December 31 whereas AVJ's ends on March 31. SCG publishes its results quarterly, but AVJ
      170 words
    • 209 9  -  Vasuki Shastry Director (Communications) External Department Monetary Authority of Singapore WE refer to the letter "Inconsistency in use of credit for home payment" (BT Mailbag, July 9). A credit card provides the cardholder access to an unsecured credit facility. When the cardholder charges an
      209 words
  • Article, Illustration
    1077 9 Transaction date: Jul 1 PITERBAMK CROSS rates A$ c$ *mt Euro HK$ tad »s fcgj* Yw »w *2$ Mb Peso S$ »and Sir ITS fafct Powd gg Australia 0.907 5.458 0.584 5.129 30.309 54.102 0.773 7.736 2.499 1.TT7 37.992 35.220 1.154 4.972 0.907 22*10 27.302 0.405 0.656 Canada 1.103
    1,077 words
  • 1619 9 SICOH FUTURES Jul 14 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Ctos« Votome Open Month High Low Sett (tonnes) Interest Aug 03 177.00 Sep 03 170.50 Oct 03 169.25 No* 03 167.50 RSS 3 (US cents/kq) Votome Open Month High Low Sett (tomec) Interest Aug 03 99l0 4500 Sep
    1,619 words

  • EDITORIAL & opinion
    • 713 10  -  OPINION ■7TT4 bottom line harish mehta THE United States has dragged the European Union to the World Trade Organization (WTO), claiming that the EU is blocking imports of Americangrown genetically modified (GM) food. The Europeans are standing firm in their belief that such food is
      713 words
    • 98 10 The message is loud and clear from the people of Hong Kong: they want a full democracy.' chairman of Hong Kong's Democratic Party, after the government said it would not accelerate its four-year plan to review possible constitutional changes. The Americans came here to liberate, and what
      98 words
    • 599 10 EDITORIAL INDONESIA is once again studying the idea of turning the island of Batam into a free trade zone (FTZ). Its seriousness is clear from the setting-up of a high-level team headed by Chief Economics Minister Dorodjatun Kuntorojakti. He has to make his recommendations to
      599 words
    • 1042 10  -  Multilateral development banks have decided it's too important to leave to the unpredictable private sector From- Anthony Rowley in Tokyo PROVISION of basic infrastructure such as transport, power, communications and sanitation systems in developing countries has been one of the biggest political footballs of the
      REUTERS  -  1,042 words
    • 873 10  -  COMMENTARY Even in a falling bourse, restricted stock could be worth a bundle Byt Graef Crystal Bloomberg MICROSOFT Corp has done the unthinkable: it has abandoned stock option grants to employees in favour of restricted stock. One thing we can conclude from this is that
      Bloomberg  -  873 words

  • REGIONAL news
    • 433 11  -  Bank beefing up insurance arm ahead of sector's liberalisation From. Eddie Toh in Kuala Lumpur MORE Malaysian insurers are tying up with foreign giants ahead of the liberalisation of the sector over the next few years. On Tuesday, RHB Capital said it had
      433 words
    • 153 11 ■JAKARTA Bloomberg INDONESIA failed to find a buyer to take control of Texmaco Group, the country's largest textile maker, as potential buyers failed to submit bids by last Friday's deadline, an Indonesian government official said. Malaysia's Utara Capital Ltd, a group led by
      Bloomberg  -  153 words
    • 375 11 SINGAPORE Bloomberg SHARES in PT Bank Mandiri, Indonesia's biggest lender by assets, rose by more than a fifth in their first day of trade on the Jakarta Stock Exchange yesterday, as the bank forecast a 12 per cent gain in profit on rising
      Bloomberg  -  375 words
    • 481 11 BEIJING Central bank chief talks of need to 'perfect 9 currency's exchange rate mechanism Reuters CHINA'S central bank chief said the country needs to "perfect" the exchange mechanism of its currency, in one of the strongest indications Beijing may tinker with a policy that
      Reuters  -  481 words
    • 568 11 KUALA LUMPUR Bnt analysts fear consolidation may come too soon THE continued interest in AMMB Holdings Bhd has revived expectations of more industry-wide mergers, but some analysts are concerned Malaysia's banks may be pushed into a second round of consolidation too soon,
      568 words
    • NOTE Book
      • 71 11 Reuters [BANGALORE] Internet media company Yahoo Inc yesterday launched in India its first software development centre outside the United States, and said it expects to employ about 150 engineers at the unit by the end 0f2004. Yahoo joins a growing number of global firms
        Reuters  -  71 words
      • 93 11 Reuters [SHANGHAI] Chinese funds industry pioneer Fortis Haitong Investment Management yesterday said it will launch its maiden fund for local investors, one of a handful in a market where only a fraction of savings are invested in funds. Fortis, one of the first foreign asset
        Reuters  -  93 words
      • 106 11 AFP Bloomberg [MANILA] The Philippines authorities yesterday ruled out a compromise with tycoon Eduardo Cojuangco over disputed shares in brewer San Miguel Corp. Mr Cojuangco last week suffered a blow when an anti-graft court forfeited his controlling stake in United Coconut Planters Bank,
        AFP; Bloomberg  -  106 words
      • 88 11 Reuters [BOMBAY] News Corporation will make an open offer to acquire up to 20 per cent of India's Hughes Software Systems' paid-up equity at 232 rupees per share, the Bombay Stock Exchange said yesterday. It said News Corp will make the offer together with
        Reuters  -  88 words
      • 83 11 Bloomberg [HONG KONG] Hopewell Highway Infrastructure plans to pay more than 90 per cent of profit as dividend in its first year to ensure demand for what may be the second biggest initial share sale this year in Asia outside Japan. Hopewell Highway, which
        Bloomberg  -  83 words
      • 99 11 AFP [KUALA LUMPUR] Malaysia's power giant Tenaga Nasional said the trial over its bond option dispute with investment bank ÜBS Warburg began yesterday in London. Tenaga said it believes it has a "very strong case and it expects to succeed in the trial" in which
        AFP  -  99 words
    • 205 11 JAKARTA Reuters INDONESIA has started the process to privatise two airports, including Bali's international airport, to raise money to plug this year's budget deficit, an official said yesterday. The government is seeking to sell a 49 per cent stake each in Bali's Ngurah
      Reuters  -  205 words
  • Page 11 Advertisements
    • 123 11 ¥¥T1 a J# J A ,i_ Presented ik Diners Club Credit Card To apply, call: 6416 0980 Where to wine, dine and entertain... A worid Treats Diners Club Deals to whet your appetite... Indulge in these specials now... Bengawan Solo MelNik's German Bistro Bail Thai Pho Hoa Vietnamese Harbour City
      123 words
    • 135 11 Sichuan DUn Xln. Noodles and Desserts Delights Special promotional prices of $3 to $6 Not to be missed are Steamed Minced Meat Bun in Superior Stock, Pan-fried Pancake with Long Bean Paste Crispy Potato Fritters. Be<yi )elly with Peppery Sauce and more. Good Fortune Dtan Xln Set Lunch at $22.80
      135 words
    • 32 11 /He. &£i£ J Spring Court I I The Oldest Chinese Restaurant in X Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to ok per table with mill order of $50 onwards.
      32 words
    • 89 11 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 sweet A savory local favourites. Available on Mondays
      89 words
    • 56 11 I M E RITU S MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey -glazed ham, US Prime Rib of Beef and many more mouth-watering dishes to leave you spoilt for choice. 5 Reservations: 6831 6271/72 MERIT UJ mandarin 333 Orchard Road, Singapore *****7 Tel: +65
      56 words

  • REGION world
    • 623 12 BEIJING But rate of increase slows to jnst 2.5% from about 40% in recent months Reuters CHINA drew nearly US$7 billion in foreign investment in June, the strongest monthly showing in a year, in the latest evidence that the economy
      Reuters; AFP  -  623 words
    • 332 12 BEIJING Tycoon is found guilty of fraud; he plans to appeal AFP NYT Bloomberg CHINESE-DUTCH tycoon Yang Bin, picked by North Korea to run a short-lived free trade zone, was yesterday sentenced to 18 years in jail for fraud, his lawyers and family
      AFP; NYT; Bloomberg; AFP FILE PHOTO  -  332 words
    • 698 12  -  Move is aimed at enhancing Japan-Asia trade; ADB seen joining Frorrn Anthony Rowley in Tokyo IN a move aimed at boosting twoway trade between Japan and the rest of Asia and to lessen reliance upon the US dollar for the financing of
      698 words
    • 440 12 SHANGHAI THE Chinese leadership came close to announcing the framework of a scheme allowing mainland investors to buy Hong Kong stocks, but the decision was delayed because of opposition by the China Securities Regulatory Commission (CSRC) and the Sars outbreak,
      440 words
    • 574 12 HONGKONG Reuters HONG Kong's family-con-trolled banks, previously seen as easy prey for big multinational and Chinese banks on the hunt for acquisitions, look set to become predators themselves. Cash-rich and keen to participate in the consolidation of Hong Kong's crowded banking
      Reuters  -  574 words
  • Page 12 Advertisements
    • 332 12 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding up No. 167/2003/H In the Matter of the Companies Act (Chapter 50) And In the Matter of JADE PALACE KITCHEN PTE LTD (RC No. *****5018W) ADVERTISEMENT OF PETITION NOTICE is hereby given that a Petition for the Winding Up
      332 words
    • 224 12 IN THE MATTER OF THE COMPANIES AO. CAP. 50 AND IN THE MATTER OF PANSTAR MARINE PTE LTD (In Voluntary Liquidation) FINAL MEETING NOTICE is hereby given pursuant to Section 308 of die Companies Act, Cap 50 thai the Final General Meeting of the members of the above named company
      224 words
    • 191 12 IN THE MATTER OF THE COMPANIES AO, CAP. 50 AND IN THE MATTER OF OMNIVIEW SYSTEMS PACIFIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cop 50. that a Final General Meeting of the abovenamed Company will be held
      191 words
    • 90 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF OMRON BUSINESS SYSTEMS SINGAPORE (PRIVATE) LIMITED (IN LIQUIDATION) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed company held on 9 July 2003 it was
      90 words
    • 170 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF TUU LEEP PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIV?N pursuant to Section 308 (2) of the Compon.es Act, Cap 50. the FINAL MEETING of the obovenomed Company will be
      170 words

  • WORLD news
    • 567 13 NEW YORK Citigroup net up 5% to USs4.3b while BOA earnings rise 23% to USs2.7b Bloomberg Reuters CITIGROUP and Bank of America, two bellwether financial services companies, kicked off one of the busiest weeks for second-quarter profit reports yesterday, reporting profits exceeding analysts' expectations. Citigroup,
      Bloomberg; Reuters  -  567 words
    • 373 13 SAN FRANCISCO SUN Microsystems, one of Silicon Valley's biggest opponents of deducting the cost of stock options from earnings, faces a boardroom challenge to its position next week, the Financial Times said yesterday. The internal opposition at Sun highlights a new wave
      AFP  -  373 words
    • 335 13 SEOUL Reuters SOUTH Korea yesterday announced tax incentives to boost investment by local and foreign companies after cutting its growth forecast for the recession-hit economy for the second time this year. But analysts said the tax breaks will fail to clear
      Reuters  -  335 words
    • 435 13 But EC is hopeful of a recovery in the current half Reuters [BRUSSELS] Growth this year in the eurozone would be 0.7 per cent, lower than originally forecast, the European Commission (EC) said yesterday. However, it said the recovery could start in the
      Reuters; AFP  -  435 words
    • 1363 14 Investors who got burnt by tech stocks are expected to shun them in a new bull market. Then how can one explain this comeback? LAT-WP HE last shall W H be first," the W H 1 Bible says. But on Wall Street, that has limited
      LAT-WP; Source: Bloomberg  -  1,363 words
    • 392 15  -  From* Anthony Rowley in Tokyo THE number of companies going bankrupt in Japan declined for a sixth consecutive month in June, it was reported yesterday in apparent support of some analysts' views that the Japanese economy is on the mend. But companies
      392 words
  • 5196 13 Transaction date: Jul 14 HONGKONG vol HKRIMI i» 0.15 ***** HKS 000 Hong Kong Electric 31 10 0 40 2565 Hongkong Chine* 0.90 0.01 3630 Alpha General 0.28 -0.01 82 Hongkong Chinese Ltd 0.90 0.01 3630 Ananda Wing On 0.01 unch 0 Hopewell Holdings 8 00 -0.05 2569
    5,196 words

  • 2478 14 Transaction date: Jul 14 KUALA LUMPUR v#) t£ RM ('000) General Soil 1-26 unch 0 -—Genting 15.90 unch 969 A A M Realty 108 010 627 George Kent -ft« 0 02 288 Abnc 1.27 -0.03 1300 Tech 5 40 0 05 249 ACP Industries .3 06 0 04 40
    2,478 words
  • 835 14 Transaction date: Jul 14 1 O— a—»| ttmkmmm m Omm Of JUmnSOt 0.44 1.010 *0X00 NatStael 50c 0 54 2 720 >0020 C*C 0.54 5.150 OCBC 8.71 ***** *0200 CaprtaLand 1-23 1450 *0050 OUf OSS 7.400 *0.250 Chart SamCond 26c 1.12 1160 *0020 Parkway H 25c 0.46 0.830 ♦0.005
    835 words
  • 593 14 BONDS WARRANTS Prem Ejqnry Last Vat Com [if Oik Gear Mths Company 5af ♦ar- COOP) «*tio Prtca <mg Loft ASTIW*****1 75 -0.5 30 1 16 12 2 80 11 Acma Ltd W*****6 15 unch 65 1 50 348 7.67 16 Amtek W*****0 >1 I 102 1 33 1 1*0 23
    593 words
  • Page 14 Miscellaneous
    • 225 14 CRYPTIC CROSSWORD 1 3,80 3 tones' are fashioned for Jt jHETB" 9 Once land a hote in one, an 4 gill born with spots on the 10 Imitating the sound of a bul- 5 p re sent home of the parseamy side of g Record start of the event (5)
      225 words

  • 6585 15 Transaction date: Jul 14 52"V low CV ME Hiqli Low Company Sate (000) H»gfc low 8uy«r 5—25 5 ——*2=_ ABNAmroNLG 56c 9 If 34 18 9 ACE Dynamics20c 17.5 *0 5 205 18 17 17 5 18 100 114 3 3 20 9 5 AEM Evertech 5c 16.5
    6,585 words
  • 69 15 52-M U«t Vol Quote GrOtv Dw GrYM MM MCjc Hi» low Coiwp>l Mo C080) Hi» Lw. >nyor Sofcr Cw M US 9600 89 Diamonds U***** 1080 8780 3750 2700 ISOJUSTedl US3740 5SS 555 15 MSG Spore US5S5 8270 8200 issacsao U***** 9650 8280 SPDRS US9650 1634 1230 STIETF
    69 words
  • 1866 15 52 Wk Last Vol Day LanQuot* GrOr. Di» GrVU NM MCao low Conyany Sate W rOBOt Hi» low »uyer Soter Cw M W 24 7.5 ABRHIdgsfc 22 *15 5439 24 21 22 22.5 424 275 15 25 5 und\ 741 26 25 5 25 5 26 27 2.6
    1,866 words
  • 314 15 52 LKt vot Day UftQuoU GrOw Dw GrVM Nit MCap —l L—r 5*. W- Q00) Hi# t— -yr Sdhr Cw M 168 81 A V Jennings A25c A151 *2 62 153 149 150 151 40 3.4 6.6 8.8 325 Cathay Pac 20c MK720 265 2.1 7.4 6 *****2
    314 words
  • Page 15 Advertisements
    • 81 15 'Tonight time docs not exist. B LANC PA IN MANUFACTURE DE HAUTE HORLOGERIE m* Raffles City #01-36 Tel: 6339 9185 Millenia Walk #01-62/65 A Tel: 6339 1728 #r Paragon #01-13 Tel: 6235 0084 Aaedine ALAIA. Fahioa Dnigwr. Pirn Fly back Chronograph. Lucky Plaza #01-32 Tel: 6734 3668 Water-resistant to 100
      81 words

  • FOCUS enterprise
    • 895 16  -  Courts' managing director explains why the retail sector is as exciting as any other By\ Kalpana Rashiwala MANY people see the retail trade as an old economy, low value-added proposition. But Courts Singapore managing director Terry O'Connor argues that entrepreneurial energy is alive and well
      895 words
    • 1385 16  -  A failed business led to a forum for entrepreneurs to learn from each other, Daniel Bttenas reports Daniel Buenas IN Singapore's rush to become an entrepreneurial nation, one may be tempted to showcase only those who have succeeded. Yet, for every success story, there
      ARTHUR LEE  -  1,385 words
    • 798 16  -  Inaugural Blue Sky evening on entreprenenrship drew 450-strong crowd By Tay Shi'an ENTREPRENEURSHIP is increasingly on people's minds and this is increasingly reflected in their attitudes and actions, according to Raymond Lim, the minister championing entrepreneurship in Singapore. Reinforcing his view, no doubt, was
      798 words

  • SHIPPING TIMES
    • 268 17 Reuters THE Baltic Dry Index rose 23 points to 2217, the Baltic Capesize Index rose 57 points to 2909, the Baltic Panamax Index rose 5 points to 2252 and the Baltic Handymax Index rose 54 points to *****. TIME-CHARTER: Gargantua (built 1983) *****6 dwt delivery Taranto 16/18 July
      Reuters  -  268 words
    • 275 17 sex 'ooo ■MM S$ »d CWT Distribution 0.58 -0.01 291 ChuanHup 0.43 unch 4660 CH Offshore 0.24 0.01 1362 Cosco Investment ...0.34 0.02 9452 Freight Links 0.08 0.02 4949 GB Holdings -0.73 -0.01 31 Java Holdings 0.40 0.01 5812 Keppel Corp 5.25 0.20 2277 K1 Venture 0.22 unch
      275 words
    • 312 17 Shipping lines, agents welcome govt decision Malaysian Business Times [KUALA LUMPUR] The Ministry of Transport has waived the Sunday charges at all principal ports in peninsular Malaysia. The ministry has directed the Marine Department to stop imposing the mandatory charges on shipping lines
      Malaysian Business Times  -  312 words
    • 623 17  -  Congestion concerns mounting as growth may outstrip capacity By\ Donald Urquhart (SINGAPORE] Shenzhen's three container terminals have reported stunning growth for the First half of the year with growth rates as high as 83 per cent, but the booming box count is putting mounting
      623 words
    • 397 17 HE terminals feeling belated impact of Sars virus outbreak Reuters [HONG KONG] Sea container traffic at Hong Kong's main port facilities in Kwai Chung fell 4.3 per cent on the year in June as the belated impact of the Sars outbreak started
      Reuters; AFP  -  397 words
    • SHIPPING/aviation
      • 260 18 Two tonnes of leaking fael may spark ecological disaster off Sakhalin AFP [MOSCOW] Russian divers are exploring a sunken Japanese tanker that has begun releasing large quantities of oil and threatens to spark an ecological disaster off the west coast of the Pacific
        AFP  -  260 words
      • 67 18 [CAPE CANAVERAL] The new Carnival Glory being escorted by water-squirting tugs as it arrives in Cape Canaveral, Florida. Constructed in Monfalcone, Italy, at a cost of US$5OO million, the 290-metre liner is to be the largest ship sailing weekly Caribbean cruises from Central Florida. It can accommodate more
        AFP  -  67 words
      • 438 18 Impact of Iraq war and Sars has subsided bnt ratings ontlook remains negative, says agency AFP [TOKYO] Standard and Poor's affirmed the credit ratings on Japan's two largest airlines yesterday as the impact of the war in Iraq and the Sars crisis on
        AFP  -  438 words
    • 112 18 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Fujitrans 2 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien Hung
      112 words
    • 8988 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIM Oest'n Sam* Name Number Number SIN Dest'n Name Name Number Number 28/07 oe/oe China Shpq AST* RICKMERS 0069W 65 *****698 t. .Bin 1AM IAR-11 ?M)3 Cot# D'I voir* O'/Ofl "'M WWL TAMPERE AM
      8,988 words
    • SHIPS IN PORT
      • 445 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL GEN MARINER 5 15 A/SIDE 15/07 1000 HERWEN 1 ***** J7/8 A/SIDE 15/07 2300 PULAU NANAS 05/03 J13 A/SIDE 15/07 1500 SANDIDEWA 14 130 J10 A/SIDE 15/07 0900 SHANNON EXP 10/03 J16 A/SIDE 15/07 1000 UNITRUST 0311 J23 A/SIDE
        445 words
      • 2151 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 081S 061S 1 ISO7/2003-07 00 1507/2003 15 00 104 ACX MAGNOLIA 065N 065N 1 1507/*****8 00 1V07/2003 1900 T01 ALAMJAVA 2 88S3 8853 J 1S07/2003-1000 1SQ7/2003 1900 K18
        2,151 words
      • 137 23 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. Aug 15 France: Assumption Day. Italy: Assumption Day. SKorea:
        137 words
      • 840 23 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in t*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 indi cated. The Cockett Bunker Price Index change
        840 words
      • 563 23 arb0B 180 Mai mi 0.6 16.2 0.07 49 0.06 Density Wa.tr AshANMlntM, Sof" 986.3 0.5 IS.] 0.05 i 0.02 380 Mai 991.1 3.0 17.4 0.09 57 0.08 K/iri s v/v u/u m/m fM wtiM Wo above G35 1 0 0 0 0 ISO/Ciimc Limits Spec E25
        563 words
    • AIR & LAND transport
      • 516 24 But they could yet work together via code-sharing agreements: analyst Reuters [ZURICH] A merger between Swiss International Air Lines and Lufthansa is unlikely to be imminent as the Swiss carrier must overcome several hurdles before any takeover can happen, analysts
        Reuters; AFP  -  516 words
      • 297 24 Door still open for BA though talks with Air France are more intensive Reuters [AMSTERDAM] Dutch airline KLM yesterday denied a media report it had decided to link up with the SkyTeam alliance of Air France instead of the Oneworld grouping of British
        Reuters  -  297 words
      • 171 24 Xinhua [YANGON] An agreement to establish a joint venture airline between the staterun Myanmar Airways (MA) and a Hong Kongbased company has been signed, a local press reported. The agreement on the setting up of the United Myanmar Airlines, which is the
        Xinhua  -  171 words
      • 336 24 Cost-catting should not be confined to workers: anion official Bloomberg [SYDNEY] Australian Council of Trade Unions Secretary Greg Combet urged Qantas Airways, Australia's largest carrier, to consider trimming management as well as workers in its cost-cutting efforts. "There is a lot of talk
        Bloomberg  -  336 words
      • LOG Book
        • 69 24 Reuters [KUWAIT] Kuwait-based Aviation Lease and Finance Company (Alafco) said on Sunday it bought two Boeing aircraft from an international leasing company for US$76 million. Alafco, which has Five Airbus aircraft, said the two Boeing 737-800 planes were manufactured in 2001. "The deal is
          Reuters  -  69 words
        • 90 24 AFP [HANOI] Vietnam Airlines signed a deal with Lao Aviation to provide crew, maintenance and support services for the impoverished country's state-owned airline. Luong The Phuc, deputy director of Vietnam Airlines, and Somphone Douangdara, president of Lao Aviation, inked the one-year deal in Vientiane.
          AFP  -  90 words
        • 104 24 AP [JAKARTA] A state-owned aircraft maker, once viewed as the pet project of former president B J Habibie, closed its operations temporarily because of financial difficulties, Indonesian news reports said on Sunday. Employees of PT Dirgantara Indonesia showed up on Sunday at the company's grounds
          AP  -  104 words
      • 456 24 Distrust among different parties hampering deadlines: report AFP [BANGKOK] Building work at Bangkok's much-delayed new international airport is being hampered by distrust between the contractor, developer and designer who are fearful of legal action, a report said yesterday. The Bangkok Post quoted Transport Minister
        AFP; FILE PHOTO  -  456 words
      • 1981 24 cm *****! ETA FLIGHT ETO 8A7306 1805 LH9763 2350 IMM 1*9770 2235 6 5026 2350 S0229 2235 FataoU SOW 1540 ***** 0105 AiMi X1837 M55 6*974 0130 FcdM *853 <625 1*854 1740 KU38 2255 (in)itn C7351 2305 5024 2345 VM741 025 VW740 1430 Atkm ***** 0555
        1,981 words
  • Page 17 Advertisements
    • 204 17 Swiss-Lufthansa deal faces hurdles ■BACKPAGE PEOPLE MENLO Worldwide, one of the world's largest supply chain management companies, has announced that David Benton has joined the company as director of corporate communications. In his new position, Mr Benton is responsible for managing the global public relations activities for the Menlo Worldwide
      204 words
    • 45 17 42 Circular Road f T; (6S) 45J* 2o:« H Singapore *****8 www.molly-malonc.cotn H I Get Shanghai'd at Molly's! I ■FT Shipping Industry Night on Tuesdays "Hoist the Jolly Roger" from spm to Bpm H with Heineken and Tiger at $8.80 a pint H snacks I
      45 words

  • Page 18 Advertisements
    • 669 18 I IMPORT NORTH AMERICA AUSTRALIA!NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) VESSEL VOY LGO SIN PRG VESSEL VOY Mi STD MEL AM FRi SIM KG ooa CALIFORNIA 71W26 02/07 20/07 22/07 API IVORY 61N 05/07 07/07 09/07 11/07 IS/07 20/07 22/07 PtO NEDUOYD SOUTHAMPTON 34W27 0907 27/07
      669 words
    • 489 18 Lines services represented by MM Offing Agrt.. S"W°™ U ta X»n.y Singapore Shipping Association ssociahon gg ULY UNE MALE VOY ETA ETA HA P. KLAWG SPOKE MALE Empress Uly 0403 13/07 15/07 24/07 Maid Corner 740 A 23/07 25/07 03/08 Princess Uly 0703 03/08 05/08 14/08 Maid Star 541 A
      489 words

  • Page 19 Advertisements
    • 1146 19 TO USA (SAX SERVICE) VtSSIL VOY SIN ETA LAX OAK DAI HOtl CHI COi MUM ATI NYC API SWtDCN POSE 16/07 31/07 04/08 05/08 05/08 05/08 05/01 05/0» 01/01 08/08 Aft HOLLAND 1181 23/07 07/08 11/08 12/08 12/08 12/08 12/08 12/08 15/08 15/08 AfL ENGLAND 120€ 30/07 14/08 18/08 19/08
      1,146 words
    • 1978 19 "IKUK OUR SERVICE FROM SINGAPORE TO BUCK SU VIA PORT SAID" nw mum) 19 DAYS M.TCKVSK (VKRAINE) 20 DAYS UNCRAI AGENTS m SINGAPORE: MIOMNSON ID f 12-00 SAIfS/MGS III: ******57/43 NUL 42M5321/J4 I rAMmMTfI (MHIMIII 01 nVwr COSTAR SHIPPING PTI LTD srkapore 04iwi outwaio (i/u mnsni mjijw/js I IWIiTAITiA (RORAiIA)
      1,978 words
    • 517 19 VBSa VOY SIN S»G JKT AMAN IHOM I N289 111/7 I 23/7 I 24/7 I 29/7 |31 I 2/8 MITHI BHUM MS ~WT~ HTI ~237T~ HUWSA BHUM W069 1 25/7 1 30/7 1 31/7 I S/B 7/8 I 9/T1 NffHl BHUM 09S 26/7 W/7 30/7 GAIfUBHUM 1 N08) I 1/8
      517 words

  • Page 20 Advertisements
    • 1045 20 HMNWHYUNDAI MERCHANT MARINE CO., LTD. H»l W wwwA—2l.W tt WO. IM67MOOODH [VBSa VOT I I SOU I «TW AMT HAW |WV [vnsa VOT I SOU I lEH I ITU MIT HAW ORV *W apicyprme mw "io/o? 21/07 30/07 01/01 knunn nx 14/04 10/04 20/04 09/07 wot advantage oiaw 11/07 01/00
      1,045 words
    • 497 20 WX WAN HAI LINES Y" TEL *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more details, call HOTLINE: *****588/1800-*****00 rasa vor sm ra totggut mmmm ASIA EXPRESS IMA SAIUD 22/87
      497 words
    • 648 20 BSA x MYANMA SB FIVE STAR UNE (MyuMT NatioMl Um) Loading for Ymjmi vessel vot sk w fa pal PAGAN 306W SU HPA-AN 307W SU IN MALAYSIA: lOUSTEAO SHIPPING AGCNCIIS KUL 03-*****300 POL 03-317*4101 PEN: 04-2****** BANK LINE (A strvkt of Aadrtw W»ir Skipping) 1 NORTHBOUND TO EUROPE V CONUUNBI,
      648 words

  • Page 21 Advertisements
    • 1224 21 [Vfiffl VOY KHH HKO I SIN I ML I OXB BAB J DMM MK IRAN KERMAN PCL 320 TVO7 16/07 19/07 20/07 27/07 21/07 03/0# 05/08 WAN ISFAHAN PCL 321 22/07 23/07 26/07 27/07 ©3/08 04/0* 11/0* 13/08 IRAN HORMOZOAN PCL 322 29/07 30/07 02/0* 03/08 10/08 11/08 18/08 20/08
      1,224 words
    • 586 21 I k UK CONTINENT SERVICE Loading tor EVANGELISTRIA RDM/ATW/BMN/UK/NAN INCE TRANS RTM/ATW/BMNAJK/NAN Loads Singapore. E7W. Mataysia. Indonesia MIDDLE-EAST SERVICE Loading for PAN BRIGHT AON/H DD/J DH/AQA APJ ANJU D6l/ABU/DOH/BRN/DMM/KWT AYIA MARINA 081/ABU/DOVBRNAJMM^CWT Toads Sngapore, E/W. Malaysia. Indonesia USA SERVICE Loachngfor QUI GON JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX/MZL PACIFIC EMBOLDEN CAM/NFK/SAV/NOL
      586 words
    • 883 21 ypsa m m eh jffssa m m *l__ PKOAMPA WWH Lo_o7 11/07 PM HHTAH 2291 LSZfiZ IS/07 SBB www 12/07 H/07 PitMiU IMS \IW UiflZ PACOAMPA OWON 14/07 14/07 ML MM S2IA Zfl/fiZ T2M atHI Wll UM 15/07 PXSMUI 1010 24/07 24/07 fiuMe* sua MM. 17/Q7 ■^^^■TFnvnrntTTm^HH PAC UNO* OWM
      883 words


  • Page 23 Miscellaneous
    • 114 23 20E Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers F"" circ,e w/o ne 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
      114 words