The Business Times, 16 July 2003

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Total Pages: 30
1 30 The Business Times
  • 15 1 MrTA(P) 024/03/2003 85# THE BUSINESS TIMES SINGAPORE Http mes.asiai .com sg WEDNESDAY. JULY 16. 2003
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  • 751 1  -  BTI^JIIUWJ TUT anit trusts returned an average of 30.6% from Oct-Jnly By Genovieve Cua [SINGAPORE] Global funds that invest in technology stocks appear to be hot again after a three-year plunge that has ravaged many investors' retirement accounts. But even as
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  • 72 1 1****** (+14.21) OT MDEX FUTURES 1*002.00 (+12.00) MOMSCI FUTURES U 10*00 (+0.50) Tuesday Change KiSECOMP ***** +128 NIKKEI 225 9,751.00 -4.63 HANG SENG JO, ***** .+1115 SET INDEX ***** +9.81 JAKARTA COMP _***** -1.13 MANILA COMP .*****9 +16.06 TAIPEI WP1 5135.86 -14.08 SEOUL COMP ***** -6.65 SHENZHEN B 235.13
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  • 76 1 ram rates us$ s$ US$ (S$ per US$) 1.756 £(1'S$/S$ per 1.611 2.827 ElJR0(US$/8$/E). 1.128 1.981 YEN 117.6 67.00 RM 1800 2.165 HK$ 7.800 4.443 BAHT 41.54 23.66 RIJPIAH 8225 4.685 RENMINBI 8299 4.727 INDIAN RUPEE 46.13 2657 AS 1.522 0.867 NZ$ 1.711 0.975 PIOM1 RATES SINGAPORE* 5i5 KUALA
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  • 620 1  -  Gotd probability of 'small positive growth' for 2003 By Anna Teo [SINGAPORE] Monetary Authority of Singapore managing director Koh Yong Guan yesterday said the economy is unlikely to contract in the third quarter which means there would be no technical recession. And for
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  • 429 1  -  BTUMiiumj By Kalpana Rashiwala [SINGAPORE] The biggest property site ever offered for collective sale in Singapore is to be sold for $165 million. City Developments, sources say, has inked a deal with the majority owners of Parkview Condominium for the
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  • 465 1 Substantial easing* still possible even though rates are new at 1%, he says AFP [WASHINGTON] Federal Reserve chairman Alan Greenspan vowed yesterday to cut 45-year low interest rates "substantially" if that's needed to unleash speedier growth in the jobsscarce US economy and
    AFP  -  465 words
  • Page 1 Advertisements
    • 1 1 ■r.
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    • 227 1 EjjBBF mh .£<*. EIKBIk^H |;formorSU(»ChoongCh^^ eSHmt woildnQg of the company and industry I ■BUfiEl interested in a low interest rate mortgage on |your overseas property investment? US dolar and Sterling Pound lending rates are at forty year lows! jJ| j 11 jjj j) |ji| 11 jI) (111 I iff iI
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    • 579 2  -  It must tear down its remaining trade barriers US-Asean Business Council By i Chuang Peck Ming [SINGAPORE] American businesses are back sniffing for growth opportunities in Asia and Asean must tear down remaining trade walls if it doesn't want to see most
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    • 477 2  -  He will help to resolve 'critical peeves By Genovieve Cua [SINGAPORE] Insurer AIA has appointed a retired Supreme Court judge, GP Selvam, as its independent adjudicator to help settle cases with policyholders who remain unhappy with its proposed solutions to "critical year"
      FILE PHOTO  -  477 words
    • 468 2  -  By Daniel Buenas [SINGAPORE] Singapore can expect to see more companies engaging in pre-emp-tive layoffs as they struggle to maintain their competitiveness internationally, Lim Boon Heng, Minister in the Prime Minister's Office and secretary-general of the National Trades Union Congress (NTUC),
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    • 415 2  -  By Tang Weng Fai [SINGAPORE] Initial market reactions to the proposed floating of SingTel's Belgian associate company, Belgacom, are muted despite the possibility of about $1.47 billion in capital gain if all of it is realised. The Financial Times reported yesterday that shareholders
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  • Page 2 Advertisements
    • 271 2 f* Hr' Keppel Offshore Marine Lectulg|. J Guest-of-Honoun Mr Yeo Cheow Tong, Minister for Transport vMMi i Marine Structures for the Future Speaker Professor 'imml'V-. I Norwegian University of Science andhlMß -j HIH Keppel Professor, National before have safety and the directly linked to the bottom line of the marine
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    • 21 2 islands jsrsty khurttius Stmot Seycftttss I In*r©*n Lianhe Zaobao ISiniTefs I hetrisiam I I of Optus I bearing fruit I I
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  • SINGAPORE companies
    • 516 3  -  That's 5.7% more than in F702; chairman Ang Kong Hna gets $120,000 in fees Bl Angela Tan SINGAPORE Telecommunications chief executive officer Lee Hsien Yang's total remuneration for the fiscal year ended March 31,2003, was $1.5 million, up 5.7 per cent from
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    • COMPANY Briefs
      • 74 3 MAINBOARD aspirant AGVA Corporation, a manufacturer of lifestyle-oriented products and related accessories, yesterday launched its initial public offering erf 54.8 million shares at 21 cents each. The invitation consists of 5.48 million shares for the public and 49.32 million (including 4.5 million reserved
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      • 54 3 CHINA Motion Telecom International said its board meeting to approve the final results for the year ended March 31—originally scheduled to be held today (16 July)—has been postponed to July 22. It said its directors need more time to clarify certain information in the financial
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      • 31 3 SINGAPORE Computer Systems has appointed Donald Albert Ramble to its board with effect from yesterday. Mr Ramble, 58, is president (Asia Pacific) of technology group Spectris pic.
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    • 200 3  -  By Ven Sreenivasan SINGAPORE Airlines could announce its first round of pilot layoffs this week. BT understands from well-placed sources within the company that rostering officers have been given the names of up to 40 pilots whose services are to be
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    • 661 4  -  usmtr p :)teview may lead to [lower ratios for tome banks, hither ■Reports by Siow Li Sen ;JHE review of local banks' »tapital adequacy ratios >ICAR) may not necessarily *4ead to one headline num- ber that fits all banks, the Monetary Authority of
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    • 274 4 Bnt responding to industry survey, it strives to do better in deficient areas FINANCIAL institutions gave the Monetary Authority of Singapore a 75 per cent score for overall performance but also wanted it to respond faster to the industry, have more commercially savvy officers and
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    • 229 4 LENDING to Europe has buffered the decline of the Asian dollar market (ADM). Interbank lending, especially to Europe, supported activity in the ADM, the MAS said in its 2002/2003 annual report. In recent years, most of these interbank loans were to Europe to fund
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    • 136 4 Reuters LOSS-MAKING Horizon Education and Technologies Ltd said yesterday it would acquire the assets of Global Voice Networks (GVN), a European fibre optic network group, in a reverse takeover deal. Horizon said the deal valued Ireland-based GVN at US$B5 million. GVN, whose business and
      Reuters  -  136 words
    • 324 5  -  It fffera 19.5 m shares at 24C to fond capacity expansion in China By Kenneth Lim PRECISION plastic injection moulding company K Plas Holdings knows that the key to being a successful contract manufacturer is finding good customers and, most importantly, keeping
      ARTHUR LEE  -  324 words
    • 485 5  -  andrea tan RAFFLES Medical Group (RMG) was in the limelight recently when its doctors led the historic operation to separate the late Iranian twins, Laleh and Ladan Bijani. But beneath all the media attention, there is also a corporate story that is looking better than
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  • Page 3 Advertisements
    • 377 3 AGWk AGVA CORPORATION LIMITED (Incorporated in Bermuda on 15 March 2002) Invitation in respect of 54,800,000 ordinary shares of US$O,OlB each comprising 44,800,000 New Shares and 10,000,000 Vendor Shares as foilows:(1) 5,480,000 Offer Shares at 550.21 for each Offer Share by way of public offer; and (2) 49,320,000 Placement Shares
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  • Page 4 Advertisements
    • 237 4 MANAGER An SMCP (International) endorsed programme Eligible participants may apply for 50% programme fees support Part time; twice a week- Wed evening, Sat Morning Endorsed by Learn from successful international business executives pl^l Co-developed with faculty affiliated wtih leading I business schools INSEAD, CEIBS China and MM I Bangalore, India
      237 words
    • 152 4 Comprehensive Accounting, Inventory and Reporting Software for SME's Stov precious time! Tally ees 6.3 facilitates creation of Master Data as you book transactions, so no more time lost during the initial implementation phase. Tally ees 6.3 is designed to be used by the Business owner. Hence, no in-depth knowledge of
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  • Page 5 Advertisements
    • 267 5 Thrice as many reasons to plan your seminars with us pm* u "i m Ji v it Hurry, for a limited period only! Enjoy great rewards when you book our seminar package from 16-20 July 2003,26-31 July 2003, and 8-31 August 2003 (Jl dates induave). 1. Enjoy special promotional rates*
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    • 16 5 1 •i 'i s i if i 6333-9000 cftibankl < A memberof atigroupT ♦Terms and conditions apply
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  • SINGAPORE markets
    • Article, Illustration
      302 6 OTHER SINGAPORE INDICES Jul 15 VALUE CLOSE grmm ei3.oo -7g.oo WCH -*****.00 -72.00 -*****.00 +81.00 lEWpWw 427.11 +1.87 isi.21 40.29 mrntrnmrn 1359.22 +17.79 HlpBuPliI 408.36 -0.80 195.67 +1.26 mom— 196.50 +0.50 FC020C 71,961,000 Reed Grp 5c 55,900.000 Chart SemiCond 26c 50,611,000 Japen Asia 5c 49,133,000 Acme 5c 38,313,000 MultJVIs HK7c....
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    • 847 6  -  HTM.1..1..U.H STOCKS r.sivanithy IT says a lot about the local market's current imperturbable state of mind that stocks with minimal earnings can continue to soak up most of the liquidity and can actually rise, purely on liquidity alone. It's a state of mind first engineered
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    • 476 6 But investors stay cautious of Greenspan speech Reuters AFP [LONDON] The US dollar eased from recent twomonth highs on the euro yesterday as surprisingly bright economic news from Germany stole the limelight ahead of an eagerly-awaited speech by Federal Reserve chief Alan Greenspan.
      Reuters; AFP  -  476 words
  • 43 6 UNIT TRUSTS FUNDS LEGEND: Alpriui art Mkafeaaaapt far E»lllim> Anfc/»im<) PliiMdWad I Narrowly Fecund; S Lowar Mb Imm Madhan RWc Madhan to Mgh KMc Mglar WMc* upin w fclnll imXiMohm imNc Afur (ukdMrion of untat alfar Mock NA-Non DaaMng Day; M Pfaor PriMcmriS
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  • Page 7 Advertisements
    • 737 7 fll SCHOOLS IN CHINA If II Owner wishes to divest well established school with II 11 3 branches in China. 11 11 ExceHent for investors, entrepreneurs looking for full or part 11 time management role. Opportunity for expansion into China. 100% Foreign Ownership Good Local and Expat Management Team Remote
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    • 294 7 EDEL RECORDS (APRO) PTE LTD (In Mambors' Voluntary Liquidation) NOTICE IS HEREBY given pursuant to Section 308 of the Companies Act, Cap. 50 that a final General Mooting of the Company will bo hold on tho 16th day of August 2003 at 10.00 a.m. at SI Anton Road, #07-51, Anson
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    • 106 7 HfSK .,*5 "1 ./fT® ■Bp r v"« *f. „J fh, Why do CEOs love golf? It's that feeling of perfect timing. All CEOs lew 1 synchronised things To them. UPS bungs 'synchronised commerce. Its the non-stop orchesti.iU d flow of goods, information <ind funds Our customers find their supply (It,tins
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  • SINGAPORE news
    • 558 7  -  Registry to cot badness registration •nA tfimal renewal fees By Amit Roy Choudhury LAUNCHING the $1.3 billion second e-Government Action Plan (eGAP II) yesterday, Deputy Prime Minister Lee Hsien Loong said that the Registry of Companies and Businesses (RCB) will halve business registration
      FILE PHOTO  -  558 words
    • 296 7 REPRESENTATIVES from various government agencies have indicated their interest in implementing design proposals recently presented to them by "Design Against Sars", an action group initiated by the Designers Association of Singapore (DAS) in April. The voluntary body was formed to come
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    • 445 10  -  Analysts polled say the TOT rise signals worst may be over for economy By Chuang Peck Ming SINGAPORE'S key non-oil domestic exports are likely to have risen 12 per cent in June from a year ago, up from 8 per cent in
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    • NEWSRoundup
    • 286 10 STARHUB Cable Vision (SCV) yesterday said it would defend itself against rival Singapore Telecommunications' accusation that it had illegally used SingTel's residential cables to service commercial properties in the High Court. BT understands that there will be an in chambers pre-trial
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    • 386 10  -  Country is one big free trade zone, he tells seminar By Leonards Lim SIGNIFICANT opportunities await Singaporean companies which dare to venture into Iraq to participate in the reconstruction of the war-torn country, said David Ho, managing director of trading and logistics firm
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    • 264 10  -  By Tay Safan EVEN with Sars still in the air, retail sales managed a 12 per cent jump in May over the previous month, April thanks to aggressive marketing efforts. Figures from the Department of Statistics show that May retail sales rose to $1,968
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  • FOCUS aviation
    • Article, Illustration
      2164 8 THE airline business is unlike any other business on earth and I mean that in an absolutely bad sense. That explains why, over its entire history from day one till now, airlines as a whole have lost more money than they have ever earned. Warren Buffett, whose investment
      FILE PHOTO  -  2,164 words
  • Page 8 Advertisements
    • 148 8 RESERVED ONLY FOR THOSE WHO CAN AFFORD THE ORIGINAL V6, 3.0-LITRE RX300. je, V v aN^ v AFTER ALL, THERE IS NO SUCH THING AS A "2.4-LITRE RX300/330". Tr ue luxury can t be bargained for Insist on these critical performance parameters before investing in your RX300 1 >✓ V6
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  • Page 9 Advertisements
    • 109 9 &y; l s4- I *<%%-|£" SZ^My^jWBI M'&~ i*«•:?% Ml -?k*§fo <iSKFJ:," II w a3fi^^Hlll^Hß3lßfiiflfcftSSs^-..iiiiwii «flflßfiWff*"tfgJMr 1 ai**i^ T «!»)^^j^tf<? £*vft^&T f& f t v, ;^H-w> s.zfeiffi ni 1 .jßSgg&B^z rv i t *r .ri!;rrtJr w^isss^ to «>»« l m.W> for Tharvkfully, W» Ik. full-hm., fo«r wWI dm» RX3OO. (JjfM m
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  • Page 10 Advertisements
    • 159 10 0 VIVENDI WATER SYSTEMS takes a new name: ra J A Water Systems -T"< V a. !PI I/L S- $ys:e o, > -cp > b. t 1 z i TV •••-C,. I j U, OTV's sixty years of experience, in particular with municipal clients and US Filter's recognized expertise especially
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  • Page 11 Advertisements
    • 66 11 H We would like to thank our business partners associates for their continuous support I ~W UNITED ENGINEERS H t=a I=l I=II=I (SINGAPORE) PTE LTD WBWnillHllB 1 I I Metallschneider GmbH ELECTRIC SINGAPURA H I*7l [P ©J r ENGICONS SDN BHD BcOT I LI I builders *«****«**< TRADAC ELECTRIC PTE
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  • EDITORIAL & opinion
    • 677 12  -  TH«H EEDuHEM^EI OPINION shada islam ASEAN countries hoping for more European interest in their region can heave a sigh of relief; the European Commission has just come up with a new blueprint for reinforcing ties with Southeast Asia which recognises the
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    • 93 12 'It's the mirror image of the Iraq problem. We spent years looking for evidence that Iraq was lying when it said it didn't have a nuclear programme. Now North Korea says it's about to go nuclear and everyone is trying to figure out whether they've finally done
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    • 604 12 EDITORIAL COULD Singapore Airlines (SIA) start a lossmaking budget carrier just to pre-empt the potential competition? That was the question in the minds of many people who heard the airline's former deputy chairman and chief executive, Cheong Choong Kong, yesterday. Addressing an audience of over 100
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    • 1015 12  -  After playing second fiddle to big US investment banks for ages, European banks find new financial services business conditions favouring them Byl Matthew Lyra Bloomberg IF there is one quality the Rothschild family is famous for, it is market timing. Last week, the family
      Bloomberg; AFP  -  1,015 words
    • 666 12  -  MAIL! SETH Narayana Narayana Singapore I REFER to the report "Thank goodness it's Saturday again" (BT, July 5). First of all, I must confess I was indeed "reading this (article) with my feet up at home, cuppa in hand". Also that, I am not "in
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    • 296 12  -  Tan Lay Khim Singapore I REFER to the report, "Even 3-year-olds can be taught financial literacy" (BT, June 30). Financial literacy for children does not necessarily equate with dabbling in the stock market. It is also more than teaching them to divide their pocket money
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  • Page 13 Advertisements
    • 211 13 ALFA ROMEO WINNER OF THE FIA viMwVl EUROPEAN TOURING CAR i CHAMPIONSHIP 2001 2002 2002 FINAL STANDING: MANUFACTURERS THE POWER OF BEING NO. 1 1 Challenging the finest trofp Europe s leading marques. the Alfa Romeo 156 GTA Racing Team Nordauto demonstrated its ii'O'.sess once again, rewind its /.a, to
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    • 57 13 "East Meets West* Buffet Hi-tea Evary Saturday, Sunday It fSSjj] Wn'Hty'ttfAft U V/ 12.00pm-4.90pm Adutt $14.80"* '(^T/^oZ? CMdSIO.OO*** (4-12yrs) T— tPnawOM IwdndaPtmSin Wc|ah. ClfchwHuiilimwl HWIWINf For partlM of 2S or mora, |mt odd *2.00 porxraao t> aw|a» On WaaMwd<kr«—wal famPy IHm SpocM PfldMf# fr— flow of toft drink, coffM and
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    • 34 13 stme Darby retains grip on S'pore, HK, Pg 18 Boost your BR" Enjoy the nourishing benefits of omr tonic soups. Drop iu and give yomr hemtth a boost at Captain s TkHe. From S7M++
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    • 21 13 flwflpowinnino ■j^llWMt* X IMP VfllifT OD ■HM #01-40 dflPKf QUAY Wj| f SmOOPOPf *****2 fOP KSfPVfITOTS PtMOHI: MM TEL 6338 1411
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    • 62 13 n MER.ITUS MANDARIN SINGAPORE SUMMER HOLIDAY LUNCH SPECIALS Ureal yourself to our mouth-watering Shrimp Wan Tan Noodles, Slewed Beef Brisket Noodles or Barbecued Pork Noodles and more* AH for only $B.oo*. OLHI Reservations: 6831 6262/66 thai art a#d m 10% unto chafr CHINESE M<|ii HMMWi RESTAURANT merT7us MANDARIN •HI 333
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  • REGIONAL news
    • 501 13  -  Bat Singapore will remain regional HQ and Cybeijaya will heme its new IT ops From Eddie Toh in Kuala Lumpur GERMANY'S Bayerische Motoren Werke AG (BMW) will move its parts distribution hub from Singapore to Malaysia's Port of Tanjung Pelepas (PTP) in the second
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    • 300 13 MANILA AFP FERDINAND Marcos' Swiss bank accounts worth more than US$6OO million were awarded to the Philippine government yesterday after a 17-year legal battle with the late dictator's estate, officials said. The funds, estimated by the government to be now worth US$6BO million
      AFP  -  300 words
    • 510 14  -  Regional autonomy firmly embedded, but ail is not well, says World Bank From Shoeb Kagda in Jakarta TWO years after Indonesia embarked on the largest decentralisation programme in recent history, the country has arrived at a critical crossroads to forge ahead with the ambitious project, which
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    • NOTE Book
      • 96 14 Reuters [HONG KONG] China Telecom Corp, the listed unit of China's largest fixedline carrier, said yesterday it was in early talks to buy six of its parent's provincial networks. Analysts expect the move to cost China Telecom anywhere from US$6 billion to
        Reuters  -  96 words
      • 74 14 Bloomberg [KUALA LUMPUR] Commerce AssetHolding Bhd, Malaysia's No 2 lender, agreed to form a joint venture with Sau-di-based Dallah Alßaraka Group to offer Arabs access to Malaysian investments that comply with Islamic law. It is the first joint operation between Islamic investment banks
        Bloomberg  -  74 words
      • 53 14 AFP [MANILA] Philippine officials said yesterday the auction of US$2 billion worth of state-run National Power Cocy's transmission assets had foiled after only one bidder showed interest The government will call a new auction. Interested parties have until Sept 15 to submit requirements to
        AFP  -  53 words
      • 114 14 Bloomberg [TAIPEI] Taiwan meet its goal to sell 13.8 per cent of Chunghwa Telecom Co as investors seek shares in the island's first dwssm sals of a state-run company. The government had expected to sell 8 per cent of Taiwan's dominant
        Bloomberg  -  114 words
      • 46 14 Bloomberg [KUALA LUMPUR] Unico Holdings, a Malaysian maker of computer and phone equipment, is suing Intel foi RMI6&6 million (***** million) after il lost a contract to make motherboards tc a Chinese rival last October. Intel said —Bloomberg
        Bloomberg  -  46 words

  • Article, Illustration
    1027 14 Transaction date: Jul 15 DfTHKBAMg C>083 EATB8 a li tw IB Mh ■rnUk 1m Wm m Hfcto Hm H —4 «r 1$ M* HI BS> JMMb 0.904 5.453 1502 5.125 JOJOi 54.042 0.773 7.727 1.191 1124 37.944 ***** 1153 5.057 0.904 ***** 27.291 0.400 0.657 CM* 1107 6.034 0.644
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  • 1380 14 SXCOM FUTU&BS Jul 15 -jr x MHO Mwm (CM* picas) rskscmwn» am MNM OPN UORtk Mgli in Sett (toMM) hrtoract Aog03 176.00 »03 169JO 03 WU5 Nov 03 ***** KSIOScmMNI VWmh OpM (tat* M* Lot Sott (twin) Mmt A«« 03 99J0 99.50 99.00 600 4210 S«03 9150 9100 96.00
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  • Page 15 Advertisements
    • 1722 15 GB HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Company's Registered Office, 29 Loyang Crescent, Singapore *****5 on Thursday, 14 August 2003 at 10.00 am to transact the following businesses: Ordinary Business 1) To
      1,722 words
    • 2790 15 I GREEN WORLD HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY 6IVEN mat the Fourth Annual General Meebng of the Company wiH be heM it 6 Tuis View Circuit, Singapore *****9 on 30 July 2003 it 10.30 i.m to transact the following
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  • WORLD news
    • WORLD Watch
      • 67 15 Bloomberg [NEW YORK] Merrill Lynch Co said second quarter earnings rose 61 per cent, as gains from bond trading and a stock market rally drove revenue higher for the first time since 2000. Net income rose to US$l.O2 billion, or US$l.O5 a
        Bloomberg  -  67 words
      • 89 15 Reuters [NEW YORK] Consulting company Accenture Ltd yesterday said quarterly earnings rose 15 per cent as cost cutting helped ofbet a shift to lower-margin work like customer service from more profitable consulting. Net income rose to U*****.1 million, or 28 cents per share, for the
        Reuters  -  89 words
      • 90 15 NYT [NEW YORK] State securities regulators announced a new investigation into Morgan Stanley's mutual fUnd sales practices on Monday and warned that pending legislation could stop the states from pursuing this and other securities initiatives in the fliture. The inquiry comes at a time
        NYT  -  90 words
      • 58 15 NYT [NEW YORK] Internet portal Yahoo announced on Monday that It was buying Overture Services, an Internet search listings service, for US$l.63 billion in cash and stock. Overture makes money by selling top spots on search listings to advertisers and then distributing those so-called sponsored
        NYT  -  58 words
      • 71 15 AP [AMSTERDAM] Dutch electronics maker Philips yesterday reported a second quarter net profit of 42 million euros (S|B&2 million), its first profit after suffering losses in the four previous quarters. However, the company's sales fell 18 per cent to 6.53 billion euros, and it
        AP  -  71 words
      • 56 15 Bloomberg [NEW YORK] Boeing Co will have US$l.l billion of second quarter expenses because of declining demand for satellite launch services. About US$B35 million of the pre-tax chargereflects reduced expectations of demand for launches. The rest covers the loss that will be reported by its
        Bloomberg  -  56 words
    • 378 15 WASHINGTON Latest fignre is USslsob more than earlier projections Reuters THE White House was expected yesterday to forecast a record budget deficit approaching half a trillion US dollars this fiscal year US$l5O billion worse than its earlier projections with little hope of a
      Reuters  -  378 words
    • 167 15 Bloomberg [NEW YORK] Shareholders of Citigroup Inc will receive US$3 billion more in cash annually as it raised payout, spurred by a cut in federal taxes on dividends. The world's largest financial company has boosted the quarterly dividend by 75 per cent, the largest increase
      Bloomberg  -  167 words
    • 213 15 Reuters [WASHINGTON] Sales at US retailers posted a healthy gain in June, the government said yesterday. The best showing in three months lifted hopes for an acceleration in economic growth in the second half of the year from the current sluggish pace. The
      Reuters  -  213 words
    • 429 17  -  EU finance chiefs reject call for softening of enrozone stability pact Fron Sgada Islam in Brussels EUROPEAN Union finance ministers yesterday nominated French central bank chief, Jean-Claude Trichet, as the next president of the European Central Bank. The 15 finance chiefs also
      AFP  -  429 words

  • 6 16 Transaction date: Jul 15
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  • 5 16 Transaction date: Jul 15
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  • 526 16 BONDS WARRANTS lact MCm to tC «*r E 3C c rm —i* ma fci u> AST1W*****1 I -as IOC 1 16 W 1-00 11 Aana Ltd W0411 16 15 unch 30 1 50 329 100 IS Amtrtt W*****0 D 2 156 1 33 150 23 Armstrong W*****0 ..1 S -0.5
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  • Page 16 Advertisements

  • 6 17 Transaction date: Jul 15
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  • 279 17 STOCK PWCB LEGEND SMtsThmMnSlada: N Tan —mp»ad dMdarat: (t CondHonfl IMg; ad ca-dMdand cd cum dwidend; of cum right (Mia Cbl cum bonis ImK art aiM tarn tfwteMiaii xaH Mt cte cumdMMMl cocumoffer cdcaamdMdendcum ce cum entitlement ARdwes quoted haw a par weiue of <1 and are tmM
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  • Page 17 Miscellaneous
    • 214 17 CRYPTIC CROSSWORD English copper coin once stubborn creature with time LhJ Lbw IhJ 13 Hamlet performance, kind 26 Game at home little boy spoilt (6) 27 av?3) contributing to the Slur- heritage centre (6) YESTERDAY'S SOLUTION 28 The lady died in a shack (4) 7 t fTV Across: 1 Stair-carpet,
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  • BT motoring
    • 649 18  - 12m bet on commercial vehicles pays off There's been steady growth at Exklusiv's light commercial centre, finds Samuel Be Samuel Ee THE number of commercial vehicles being serviced at Group Exklusiv's $12-million Toa Payoh facility has been growing steadily this year despite the Sars outbreak and the generally weak economy.
      ARTHUR LEE  -  649 words
    • 438 18  -  From] Eddie Toh in Kuala Lumpur SIME Darby group will continue to be BMWs sole distributor for its luxury cars in Singapore and Hong Kong under a new arrangement although it will lose total grip of the wholesale distribution business in Malaysia. Marc
      AP  -  438 words
  • Page 18 Advertisements
    • 66 18 t 2 Door Cabinet HK9 46x30x100 ******00yrs (approx) Chair 051 Ta« Cabinet U PJS9O-- 100x30X185 m 4141 UP: *1200O^BQ Wf^^l H>^>. V-~ M m. H V^H v KiyKßßi V H fflHßui »B 1 gfg§ reac»tAut.^2iX)3^ SUNDAY 7 SEPTEMBER is the Big Day to show your great team spirit For corporate
      66 words

  • COST management
    • 834 19  -  In these tough economic times, a company's survival can depend on how it controls costs, Daniel Bnenas learns Daniel Buenas THE global economic downturn, the war in Iraq and the sudden outbreak of Sars have all combined to put unprecedented pressure on businesses to survive these
      AFP  -  834 words
    • 847 19 The obvious and quickest ways to cot costs may not be the best, say the experts ACADEMICS have pointed out that the more broadly understood form of cost management began with the Industrial Revolution and the advent of larger, longer-term and more complex business ventures,
      847 words
  • Page 19 Advertisements
    • 122 19 jji wßiiwwmPwrMfwFff^^ffWwsfffly/fifli3^^^^^B f Beit practice a cart mm§mm Harnessing the powe* af IfMfBMM MHM System (MIS) j^MHj i£to Minaain* Register Today! I Yes, please register roe for the business form No. but please send me more information Full Name: Designation: Company: Type of industry: Business Address: Postal Code:_ Tel:(0) (H/P)
      122 words

  • EXECUTIVE money
    • 1363 20  -  If you have bought an insurance policy in the past, and named your spouse or children as beneficiaries, you would have created an irrevocable trust even if you did not intend to. GENEVIEVE CIIA compiles the answers to some questions you may have about
      FILE PHOTO  -  1,363 words
    • 457 20  -  By Angela Tan THE private bank and wealth management market in Asia is poised to grow by more than 10 per cent over the next year compared with the 3-8 per cent growth rates facing North America and Europe, PricewaterhouseCoopers (PwC) said
      457 words
    • 1187 20  -  INSitMglnMaimi ■feHlaHAIUIiHii By Robert Halili THERE was a flurry of selling in the week to July 8, with the number of Arms reporting insider sales nearly doubling to 96, from the previous week's 19 companies. As a result, the number of disposals
      1,187 words
  • Page 20 Advertisements
    • 292 20 1 Financial Crisis Management I I If you are facing disruptions to operations arising I ACCOUNTING from any of these: i If you are facing any of these: Cash flow problems I "messy" accounts arising from change of systems staff turnover disputes i inability to meet statutory reporting deadlines mi
      292 words

  • SHIPPING TIMES
    • 257 21 Reuters THE Baltic Dry Index rose 14 points to 2231, the Baltic Capesize Index rose 26 points to 2935, the Panamar InripT rose 12 points to 2264 and the Baltic Handymax Index rose 42 points to *****. Channel Navigator (built 1397) *****8 dwt delivery Beilun 23/24 July trip
      Reuters  -  257 words
    • 231 21 NX Ht mb n *f- t* CWTOMrihaMan OM 0.01 286 OluH» OA* 0.01 3793 CHOTMNT* 024 -OOI 9W Ccacnfcwartiaaill —0.32 -042 5796 FraMM Links 0.07 -aOI 2221 aimntm o.74 aoi 48 JTlHoMtm 040 Midi 1779 Kami Carp 5.05 -020 1976 KIVMtara 024 002 ***** MT* 0.92 -OOI 169
      231 words
    • 535 21  -  EU proposals on oil tankers take spotlight at IMO session on environmental protection By Donald Urquhart [SINGAPORE] Greenpeace International got scrappy with the International Maritime Organisation (IMO) on Monday, as delegates at the opening day of the Marine Environment Protection Committee (MEPC) meeting were
      GREENPEACE  -  535 words
    • 324 21  -  Broker doubts AMS business model is sustainable From Evelyn Duffy in Perth STOCKBROKING company, Citibank Smith Barney has argued that a move into the Australian towage market by Hong Kong United Dockyards (HUD) may not represent as big a
      324 words
    • 133 21 Reuters [KUALA LUMPUR] Malaysian ports manager Port Klang Authority will next week sell through a special firm RMI.3 billion (*****.6 million) of AAA-rated bonds to fund a property purchase, banking sources said yesterday. The sources said that Special Port Vehicle Bhd was due
      Reuters  -  133 words
    • 176 21 AFP [JAKARTA] Indonesian police were on heightened alert at seaports and airports yesterday in anticipation of the possible entry of a top Jemaah Islam iy ah bomb-maker who escaped from Philippines custody. Fathur Rohman al-Gho-zi, an Indonesian, on Monday fled a police detention
      AFP  -  176 words
    • PORT Shots
      • 106 21 Reuters [HONG KONG] Hong Kong shipping firm Orient Overseas (International) Ltd said it would build two container vessels for about US$l46 million to boost efficiency and profitability. Tfre company, wbicb also operates container terminals, said in a statement that it had signed coutracts with
        Reuters  -  106 words
      • 124 21 Xinhua [FUZHOU] The port city of Xiamen In south China's Fijian Province achieved a cargo turnover of 16.16 million tons in the first half of this year, up 25 per cent year-on-year, according to the latest local statistics. Xiamen Port handled 1.1 million standard containers in
        Xinhua  -  124 words
    • 737 22  -  STRAIT TALK -By David Hughes DISREGARD and ignorance of the International Regulations for Preventing Collisions at Sea (Colregs) is the major cause of collisions at sea. That may seem obvious enough but a recent survey by the London-based Nautical Institute (NI) has confirmed
      AFP  -  737 words
    • 3 22
      3 words
    • 3 27 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 532 29 Vtud Voy No >«rtl» Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ORIENTENOBLE 3 J5/6 A/SIDE 16/07 2300 SANFONG 111 J 8/9 A/SIDE 16/07 1000 SUNTAIJAYA6 02/03 J15 A/SIDE 16/07 0630 UNITRUST 0311 J23 A/SIDE 16/07 2359 A KAMBING 1 JB702 J10 16/07 1000 16/07 2300 ATLANTIS 7 A7155 J3 16/07
        532 words
      • 2 29
        2 words
      • 124 29 Jul 17 S Korea: Cons Day. Mao Japan: Marine Day. An«l China: Founding Chi PLA. A-*« Australia: Picnic Day. U Kingdom: Summer Hoi. Aag 12 Thailand: Queen's Birthday. Aag 15 France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Aaf 17 Indonesia: Indepen Day. Aag24 UKingdom: Summer
        124 words
      • 836 29 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
        836 words
      • 442 29 Carton MO Mm 9911 OA I6J 0.07 49 0.06 M10 OMMtty Motor BesMoe AHAIwlnlw Si—it No—*eE25 I 0 3 J 0 0 zzz 360 Ave 986J 0J 15J 0.05 19 0.02 380 Mu 991.1 3.0 T7.4 0.09 57 0.08 W/<r3 %v/v m/m ww m— No—ve63S 1
        442 words
    • AIR & LAND transport
      • 294 30 Tony Fera&ndes says there is still room for growth in domestic market Bernama [KUALA LUMPUR] Air sia, Malaysia's only lowfare, no-frills, ticketless airline, is in no hurry to implement its plans to expand regionally. "There is no rush to go regional.
        Bernama  -  294 words
      • 43 30 [NEWARK] Song Airlines president John Selvaggio stands in an airplane after Song's inaugural Fort Lauderdale-Newark flight at Newark International Airport in Newark, New Jersey. The new Delta Airline low-fare subsidiary expects to offer 142 daily non-stopflights by October. AFP
        AFP  -  43 words
      • 309 30 Reuters [HONG KONG] The Airport Authority of Hong Kong said passenger traffic had returned to 80 per cent of pre-Sars levels, fuelled by a recovery in business travel. "At this stage the rate of recovery has been faster than even we anticipated," authority chairman
        Reuters; AFP  -  309 words
      • 446 30 It wants to sell shares by 2005 and ose proceeds to buy more planes Bloomberg [NEW DELHI] Jet Airways, India's biggest non-govern-ment-owned airline, said it may make a profit of as much as US$6O million in the next two years after
        Bloomberg  -  446 words
      • LOG Book
        • 111 30 Xinhua [KUWAIT CITY] Kuwait will be the first country to open its airspace to commercial flights bound for or transiting via Iraq, Kuwait's Arab Times reported yesterday. A letter of agreement in this regard has been signed by the Kuwait Civil Aviation, the Civil
          Xinhua  -  111 words
        • 85 30 AFP [BEIJING] China Southern Airlines, the country's largest carrier, will begin flights to the Tibetan capital Lhasa from the southern city of Guangzhou on July 26, state press said. The service will go via what is claimed to be the location of the
          AFP  -  85 words
      • 209 30 Reuters [DUBLIN] Thousands of travellers using Irish airports on Monday faced delays as union members stopped work to discuss controversial government plans to break up national airports authority Aer Rianta. The workers' meetings were called after Transport Minister Seam us Brennan unveiled proposals last week to
        Reuters  -  209 words
      • 119 30 Reuters [NEW YORK] Flight attendants at American Airlines voted to implement a longer work day beginning Aug 1, but the move could result in the layoff of more than 200 attendants. The Association of Professional Flight Attendants (APFA) said on its website that out of
        Reuters  -  119 words
      • 346 30 Partner it picks will also decide which alliance it joins Bloomberg [LONDON] KLM Royal Dutch Airlines, Europe's fourth-largest airline, said it plans to decide this year whether to form a partnership with Air France SA or rival British Airways. The
        Bloomberg  -  346 words
      • 309 30 IflK W5 AKLHEcooes AA Amnan Aetms(ML).# to fam<Af*).Al *Ma(/UC).AY ftwmOf(M) AZ M BriMHtowtfi PMcIMCo tam »e »iwia»vwwi*e*fleo.« A»* Bnm Artms S<h Btw) (RBA) BO Bound Ae*m (BOU) BR CVAtowaysConn(EVA) CAM Own (CCA). Of Amman wMmMmM/mm (CKS). a On Aetms Lto (CAL) CSArltaoms* toe (MM). CV CMjfaAa
        309 words
  • Page 21 Advertisements
    • 15 21 Business ctuitwk travel behind Time to tackle HK airport irf recovery collision rules •MCKPMK MflE2
      15 words
    • 89 21 GLORY SHIP MANAGEMENT PTE LTD We Invite applications for the following positions/ appointments: Applicant must be suitably qualified and experienced to lead the Technical Department to oversee a large fleet of bulkcarriers and tankers. Ability to work independently and with sound knowledge on the maintenance and repairs of bulkcarriers and/or
      89 words

  • Page 22 Advertisements
    • 746 22 I TOUM/CMUM 2 I KPOIff I I OTHKH DOTMATIONB ~1 rasa |wt \m |WM|towKMw|a<m*s|Moigioi|Mwg|o«c>Bo|«irtqa ioMmnmi^iMmnwu^/m^airmm~ ooauau nm ivw ivw n/w Mi mm mm ovw mm vssi vor|tus«| rw m m sr» m m. ooaauoMM not wa nm I ivw iim ivw ivw ivh ivw ffi 22*7 mi ovw mm~mm WfIMUOWSBWHMWIi
      746 words
    • 321 22 lines servee repfeserted by fJ Mwwb»ioK»fagidryof .»ns. LLJ Singopora ShiffinQ AMQcialion ULY UNI MALE HHHBHHHi /vissa m m re m A P. RUMS SNH |MI EwprosUy ~0403 13/07 15/07 24/07 Mold Carrier 740 A 23/07 25/07 03/06 Princes* Lily 0703 03/06 05/06 14/06 Maid Star 541 A 13/06 15/06 24/06
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  • Page 23 Advertisements
    • 1239 23 11l l I nAU BimOBC TV KUROR FROM BUKOrt «a vdt m ai m mm m soo m |[vbm |vwr mm mm mm mv sci tm an mami 113V1//V M/m m/mm/M mmmwm mb 27/ M m/unm m/m aouaroMMKi nwu/v m/m m/m m/mm/m mmmomm« sism/m m/m ob/vm/mw/m nwmnommi aewn/v m/m io/m
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    • 1680 23 «mn MB MM VMM HA VH Mp jsHnuP^HP— 8n« sm*ms rn in Mra;'" SSiR/.. -SET "*S££i£ I SnimSHi nm a■& ii/imNM hlumimimmn mmu p/oi mmsim mmsin/n I T/M»M MMSUS UMSSM/M I ~r r JOMTSMa twwuoMt mmsim atom I "BBRWBMrStfUMS COSMMMOB WMWWM MIMWMM MfcM-MMIM W/WT V IK HI M II H
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  • Page 24 Advertisements
    • 1127 24 HYUNDAI MERCHANT MARINE CO., LTD. HißiniiwwwJ— l]jtm q MO. *****H0H0H Iw w a sou im it mmi m |[msa voy I sou I um| ra I <un hoH i»v T* mcmm now 10/07 n/v 10/07 oi/m atimui nx io/m io/m N/04 h/i; MRMNMMf 014W 11/17 01/ M «/M M/ 07
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    • 127 24 HHRfTIME PTE LTD. FULL CONTAINER SERVICES FROM SINGAPORE k P. KLANG TO: NHAVA SHEVA CHENNAJ ALL ICD LOCATIONS CALCUTTA MUMBAI JAKARTA SURABAYA KARACHI BUSAN DUBAI AND OTHER BANDAR ABBAS ARABIAN GULF PORTS WE SPECIALISE IN CARRIAGE OF OOG CARGOES IN: OPEN TOPS/FLAT RACKS, PLATFORMS. SINGAPORE AGENT INTERLINE SHIPPING PTE LTD
      127 words
    • 1304 24 won Mm rrTTTtmTTTfini m im hiom.i VT m I|, AU I mrf WL4HMHI (MUMS) FAX; 62)***** W\WAN HAI LINES tsssssezsazssL. V Aia:iv)isiMDMbWMßiw«:Hn)a(Mnwb«n)aim4/BtMM -1.-, mmmmmmmmmmmmummtmm/imm atnun www.w I—■«;|M|IIBM«)H|4HUVWIW lw« vor m I m rw at as o« m un m m n nt larann iS iw -wr vm ~w ~**r ~ir
      1,304 words
    • 493 24 BSA i MYANMA FIVE STAR UNE ir "ccetxif rasa vor si m n pci PMM WW BO HPA-AN N7W W W MALAYSIA: BOOSTIAS SNIPPING MOOES «UL OS-*****3M PtL 03-117*4101 PBt S4-*****52 BANK LINE (A mki •I Imkm fhk SUpptaf) I NOHTHtOUNO TO V CONUUNBt, ROtO, NUU t (CAVTUFIS rasa SI
      493 words

  • Page 25 Advertisements
    • 997 25 WK VOY KHH HKQ |«N Ptt PX» Bg DXM MK MAN KERMAN PCI 320 13/07 ***** 10/07 30/07 37/07 33/07 03/00 05/00 MAN ISFAHAN KL 331 33/07 33/07 36/07 37/07 03/00 04/00 11/00 U/00 MAN HOtMOZOAN PCI 333 39/07 30/07 03/00 03/00 10/00 11/00 10/00 30/00 MAN TOMAN KL 333
      997 words
    • 538 25 UK CONTINENT SERVICE Loaiftngfor evangelistria rom/atw/bmn/uk/nan MCE TRANS RTM/ATW/BMN/UK/NAN LotM SntMPQW. E7W. »Wi|M, IndomM MIDDLE-EAST SERVICE Loadingfor PAN BRIGHT AON/HOO/JDH/AQA APJ ANJLI DBI/ABU/DOH/BRN/DMM/KWT AYIA MARINA DBI/ABU/DOH/BRN/DMM/KWT "Loads Sngapore. E7W IWj >ndonBM USA SERVICE Loading for QUI GON JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX/MZL PACIFIC EMBOLDEN CAM/NFK/SAV/NOL toads E7W. Malaysia. Indoneaia F.E./S.EJL
      538 words
    • 1092 25 -ffiSfl bo m m ma m m jgMm mm urn uziz_ jmm wu »/>; «/u am um nw mi M/« azsz 2izs2_ -2HS?" w mu— mum 22/07 n/%i mcw nil >1/17 WW JMLUrn HSZH n/%1 gg HKOAMA WW 24/07 IS/17 owl— w/f7 Z rasa vor gas sb —g|_z|L ag; 1
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  • Page 26 Advertisements
    • 531 26 hb— MnjßiHH IKSImg ISW ilfljw 61W— I I IKaaiMK IOOH 7773/07 71-31/07 OSM/H I IKB SIT 101N 2S-24/Q7 0143/00 00-04 A* I I neasu iom nwm 05-07/n imvoo I I IKB ma 103N 01A7/00 00-10/W IS-14/M I |_TI6aSWM log 0544/ M IM4/00 1470/00 I xms KNOWN 131 \rm KTSToT I
      531 words
    • 780 26 FREIGHT LINKS EXPRESS PTJLLTIK 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 pJSjyl E-mail: flesin@singnet.com.sg LCL SERVICE TO CEBU. PHILIPPINES f VESSEL APL QINODAO V.012E ETA SIN 21/07/2003 ETACEBU 31/07/2003 Booking 6267# 5565/4694/5535/5550/5541/5500/5569/*****5563/5514 PROJECT Cr HEAVYUFT CARGO |H|H|j|S (CONVENTIONAL RORO) IM^p Lawrence Lim
      780 words
    • 967 26 r/flfe Sag »y/w gsmt 5555 B 13? SS! MMMttl 1141 n/17 «SWH 304j| 21/17 nonui Ml n/w MM Ml M/W mum lfn n 77/f7 tl/M NNUttSS Imi n/V GfiWH »4sl 27/17 S.MMK IKS H/V S.MMM Mt M/M «an»f wm —«»i »ig */y «se* moii/iy V— */v mm mT w/m autM
      967 words
    • 249 26 WBSNSM RREAKRULK A CONVENTIONAL SERVICE DIRECT SOVKI FROM S'POW TO KARACHI Iresa voTAg akmurm miMuoi imub oi i iw mi/mm aiviiwi wipt SEA-RAC MANAGEMENT WE. LIP. 70 Anaon Rood 17-07/00 <pw Tow, Sinpnporo *****5 Tilipl i i ******77 VI r. ilnli 6275 2909 To*«c «S«P»O«MC PMCT «N NMRO, PtPJL KOMA
      249 words



  • Page 29 Miscellaneous
    • 116 29 —————I————' ERFftIONAI Ji ~C Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds R a j n 1 One half fleche represents 5 knots Cloudy Day *One full fleche represents 10 knots ixi Hazy A -One
      116 words