The Business Times, 17 July 2003

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Total Pages: 26
1 26 The Business Times
  • 14 1 V it-,-' 85* THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg THURSDAY. JULY 17. 2003
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  • 656 1 Tang due in Bering this weekend to brief China leaders AP Reuters AFP [HONG KONG] The mounting political crisis in Hong Kong deepened yesterday as two senior cabinet ministers Financial Secretary Antony Leung and Security Secretary Regina Ip resigned within hours of
    AP; Reuters; AFP; REUTERS, AP PHOTOS  -  656 words
  • 919 1  -  -ii exclusive But depending on the market, not all sites may make it this year By\ Kalpana Rashiwala, Andrea Tan [SINGAPORE] The property market for collective sales is all abuzz, with property agents getting ready for launch at
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  • 72 1 sn 1,898.92 (+7.25) 8T INDEX FUTURES 1,803.00 (+11.00) mm SIMSCI FUTURES U 197.40 (+0.90) Wednesday Change KLSKCOMP 724.35 -5.04 NIKKEI 225 9,735.97 -15.113 HA.Mi SENG 10.2(17.17 ♦71.62 SKT INDEX 503.19 *H99 JAKARTA <X)MP .524.26 9.57 MANILA COMP JJM 2.06 TAIPEI WPI 5,413.87. *78.01 SEOl'LCOMP 7I6.4M *3.03 SHENZHEN B 236.56
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  • 84 1 FOREX RATES US$ S$ 1S$ (S$ per I S$) I 762 £(1 S$/SS per Si) 1.589 1799 Ki:RO(l'S$/S$/K). 1.113 1961 YEN IMS 67.10 KM 3.800 1157 HK> 7.799 4.426 BAHT 41.64 23.63 R1P1AH 8135 4.674 RENMINBI 8.299 4.71# INDIAN RUPEE 46.21 26 22 AS 1534 0.871 N IS 1.721
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  • 828 1  -  Merman says surge in margins could boost earnings By\ Siow Li Sen, Donald Buenas [SINGAPORE] Singapore is once again the flavour of the month and brokers are arming themselves with "buy" arguments. Yesterday, the Straits Times Index tested the 1,600 mark before
    Source  -  828 words
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  • NEXT page
    • 624 2  -  It will boost investments in Taiwan, Singapore factories By] Raju Chellam [SINGAPORE] Taiwanbased United Microelectronics Corp (UMC), the world's second-largest contract chip maker, said it will boost investments in its 12inch, 300 mm manufacturing facilities in Taiwan and Singapore to take advantage
      624 words
    • ON THE grapevine
      • 117 2 AT the launch of Agva's initial public offering on Tuesday, a most unusual slide popped up on the screen during the presentation by the lead manager, SBI E2-Capital. Amid figures on price-earnings ratios and whatnot, up flashed a picture of an old shophouse with an Agfa photo-developing
        117 words
      • 177 2 FOR Singapore's laptop-toting executives who think their best friend in the office is the shredding machine, we are worried for you. For you may have overlooked a serious vulnerability in your defences against prying eyes. According to a story we came across on the CBS Market Watch website
        177 words
    • 676 2 But he will stay on as chairman; Prince named new CEO Bloomberg Reuters [NEW YORK] Sanford Weill, who built Citigroup Inc into the world's biggest financial company, has stepped down as its chief executive officer. His top adviser, Charles Prince, was named CEO,
      Bloomberg; Reuters; FILE PHOTO  -  676 words
  • Page 2 Advertisements
    • 359 2 Structured Products Complexity made Simple Date What 14-15 August 2003 Collective wisdom reveals there is litde new under the sun and that the 9.00 am to 5.00pm mystifying-sounding structured financial instruments which are continuously brought to the marketplace are actually just a Venue combination of financial building blocks die most
      359 words

  • Page 3 Advertisements
    • 139 3 H H The HP Integrity Superdome server features the new Intel® Itanium® 2 processor, it's the world's only high-end server that can simultaneously run HP-UX in one partition, Microsoft® Windows® Server 2003 in another, and Linux in yet another. This breakthrough technology makes the Integrity Superdome server uniquely useful for
      139 words

  • SINGAPORE companies
    • 241 4  -  While QE will provide ops and miinfawiiHMi services, Sits will render ground-handling services By Tay Shi'an rwu Singapore companies nave joined forces to provide ground-handling services at Iraq's Baghdad International Airport (BGW). Keppel Integrated Engineering (KIE) and Singapore Airport Terminal Services (Sats)
      AFP  -  241 words
    • 385 4 Bloomberg CAPITAMALL Trust, Singapore's first property trust, said distributable income for unit holders in the first half was 4.3 per cent more than its forecast as it increased rents even as the Sars outbreak led to fewer shoppers in April. The owner of
      Bloomberg  -  385 words
    • 626 4 Bnt Pentagon is concerned abont security aspects of proposed sale Reuters Bloomberg [WASHINGTON] US antitrust enforcers yesterday cleared Global Crossing Ltd's latest plan to sell a majority stake to a company owned by an arm of the Singapore government, but the deal
      Reuters; Bloomberg; BLOOMBERG FILE PHOTO  -  626 words
    • 713 4  -  RBlSE lock siew vince chong WHEN well-known property deal-maker Simon Cheong surfaced as the mystery buyer of an almost 40 per cent stake in Jack Chia-MPH for $73 million in 1999, analysts' speculation inevitably was that the company whose activities ranged from magazine
      713 words
    • 490 5  -  Sanitary fittings supplier launching IPO at 24C apiece to raise $LBm By. Kenneth Lim THE foremost principle that guides bathroom, kitchen and sanitary fittings supplier Showy International is using the least money to make the most profits, and it shows. Pre-tax profit margins before
      CHRIS LOH  -  490 words
    • 439 5 Reuters SINGAPORE'S second largest mobile phone company Mobile One Ltd (Ml), which has a third of the cellphone market, is today expected to report lower June quarter earnings as the number of visitors using its network fell during the Sars outbreak, analysts said.
      Reuters  -  439 words
    • 462 5 But it's seen cutting losses in H2 on chip sector pick-np Reuters CHARTERED Semiconductor Manufacturing, a leading maker of build-to-order microchips, is expected to report widening losses tomorrow, marking its 10th straight quarter in the red. However, the chipmaker is seen narrowing
      Reuters  -  462 words
    • COMPANY Briefs
      • 75 5 Bloomberg HYFLUX Ltd, the biggest publicly traded water company in Singapore, said it received 20,000 orders for its device that can extract water from vapour in the air. Most of the shipments are expected in 2004, it told the Singapore stock exchange in response to
        Bloomberg  -  75 words
      • 79 5 Bloomberg BEL International Ltd had its corporate credit rating lowered two levels by Standard Poor's, which cited its acquisition of a hotel chain and debt firmnHng The move came as Thistle Hotels announced that its application for delisting and cancellation of trading has been approved.
        Bloomberg  -  79 words
      • 92 5 TEE International said it has made its first major foray into the Chinese market with the proposed acquisition of 51 per cent of Semb Inc, a total facility solution provider in the area of electrical and mechanical engineering and architectural and interior construction.
        92 words
      • 65 5 SINGAPORE Exchange said it has admitted Toji Trading Singapore Pte Ltd as a commercial associate member in proprietary trading in its derivatives market. Said Toji CEO Charles Doherty: "We are very pleased to be admitted as an SGX commercial associate member and we hope to
        65 words
  • Page 4 Advertisements
    • 250 4 »KPLAS Holdings Limited (Incorporated in the Republic of Singapore on 9 January 2003) Invitation in respect of 19,500,000 New Shares of $0.07 each comprising:(1) 1,500,000 Offer Shares at $0.24 for each Offer Share by way of public offer; and (2) 18,000,000 Placement Shares by way of placement, comprising (i) 16,900,000
      250 words

  • Page 5 Advertisements
    • 166 5 Microsoft 1 Securing your 5000-user network requires a team of 10. The "team" is you. Introducing Microsoft Windows Server 2003. Do more with less. tjeing asked to do more. You're being asked to do it with less. Windows Server 2003 helps you manage i fhas£ opposing forces and deliver powerful
      166 words

  • SINGAPORE markets
    • Article, Illustration
      324 6 OTHER SINGAPORE INDICES Jul 16 VALUE CLOSE IT QMS 897.00 +84.00 from -*****.00 +134.00 IT10-*«ylHA -*****.00 +90.00 429.79 +2.68 tQ&pM—D»ct 154.24 +3.03 SQEqMW—Fli 1361.33 +2.11 MEqaW-ftip 403.00 -2.35 HCI Hng»por» 196.72 +0.85 SMSCtFabrw 197.40 +0.90 WALmha mcKi yww Horizon Educ 5c 201,046,000 Interra 5c 135,466,000 Reed Grp 5c 66,558,000 IPCO
      324 words
    • 270 6  -  HOTSTOGH/ WARRANT By R Sivanithy WHEN we first featured oil and gas company Federal International in this column on June 6 this year, the counter sold for 23.5 cents and the market hardly gave it a second look. The stock has since surged, ending
      270 words
    • 762 6  -  I-I i comment STOCKS r. sivanithy AREWEIGHTING of the local stock market in line with the rest of the region, an inflow of liquidity, a firm Wall Street, and an improving economic outlook are the macro factors at work in the local stock market at
      762 words
    • 790 6 Greenback also (puns support from Greenspan's npbeat comments, strong results from Intel AFP Reuters [TOKYO] The US dollar rose against the yen yesterday on concerns at possible Japanese intervention to curb the local unit and after largely upbeat comments on
      AFP; Reuters  -  790 words
  • 3177 6 UNIT TRUSTS FUNDS Com Global Health Index Fd 0.86/ Com Global Telecom Index Fd 0.44V Com Global Infotec lode* fdl 0.32V f mn **1* Impart) Com Global Energy Index Fd 0 869/ Star Europe Eqty!** 0.643/ Com Global Travef Index Fd 0.714/ Star Europe Bd 1.265/ Com S pore Bond
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  • EXECUTIVE suite
    • 880 7  -  If s a move to woo them to form venture to bid for the BFC project in S'pore, says Kalpana Rashlwala Kalpana Rashiwala IN a move seen as reflecting Temasek Holdings' ambitions in forming a consortium to develop the controversial Business Financial
      BLOOMBERG  -  880 words
    • 436 7 Bloomberg [HONG KONG] Hong Kong prime office rents, down about two-thirds in the last six years, may slide 40 per cent more in 24 months, Fitch Ratings said in one of the most pessimistic reports on the property market since Sars crippled
      Bloomberg  -  436 words
  • Page 7 Advertisements
    • 517 7 Reach your shareholders and potential shareholders by publicising your company's financial results in our newspapers. Various sizes up to 14,000 sq ft Instant move-in subject to conditions Allotted parking/Loading in front of unit Tel: 6344 2002 fIP -TTTT-r TTTT-- PAYA ÜBI IU 53 Übi Avenue 1 #01"11 industrial park e,*4*x±a
      517 words
    • 142 7 Good Class Bungalow FOR SALE BY TENDER H*3 storeys with lift, pool and basement car park •Land Area approx. 16,9535qft •CFA approx. 15,252 sq ft •On high ground with unblocked view Exclusive residential area opposite Holland Village Tender dosing: 15 August 2003 (Fri) at 3 p.m No. IS Ford Avenue
      142 words
    • 165 7 jZm ENBLOC SALE/ ill LEASE Wjfll I J NO.: 38/40/42 PRINSEP STREET 3 units of 2-storey Redeveloped Commercial Conservation Shop Houses with an attic and front court Wide frontage with unique architectural feature. Suitable for Corporate Headquarter/Food A Beverage Business/Education Centre/Entertainment Hub. Convenient location near Dhoby Ghaut A future Museum
      165 words

  • SINGAPORE news
    • 576 8  -  His proposal to repay debts to 4 banks rejected on Bank of China veto By Vince Chong HESHJS Holdings executive chairman Chia Shi Teck lost his fight against bankruptcy yesterday when his proposal to repay his debts to four banks was rejected in
      FRANCIS LEE/STREATS  -  576 words
    • 521 8  -  It signs up over 4,000 subscribers in three weeks By Leonard Lim SUNPAGE is signing up more than 200 new subscribers daily since it launched its International Direct Dialling (IDD) offer late last month. This translates to over 4,000 new activated lines in just
      521 words
    • 350 8 32 new probable Sars cases found using more effective test THE number of Sars deaths in Singapore has increased by one, and the number of probable Sars cases in Singapore has increased by 32 but the increase is not due to
      350 words
    • 200 8 THE Innovators and Entrepreneurs Association (IdEA) yesterday launched a unique award to recognise promising innovators and entrepreneurs with products or services which have global market appeal. Called the E-Global Singapore 2003 Awards, the aim of the awards is to emphasise the spirit behind the
      200 words
    • 465 9  -  It ranks 7th in EIU poll, putting it ahead of HE Bk Anna Teo SINGAPORE managed to fight off stiff competition to keep its spot among the world's top 10 places for business. Indeed, its appeal as a business haven is expected to grow over
      465 words
    • 200 9  -  the economy outlook By] Daniel Buenas SINGAPORE'S economic outlook into 2004 remains bleak, with GDP growth this year likely to fare worse than government projections, according to a recent report by Barclays Capital, the investment banking division of Barclays Bank. "Full-year GDP growth is
      Source: CEIC  -  200 words
    • 479 9  -  It may set np new design centre here even as parts hub is shifted to PTP By Samuel Ee BMW may be moving its parts distribution hub and regional IT centre to Malaysia, but it plans to expand the role of its Singapore
      479 words
  • Page 8 Advertisements
    • 294 8 Patent pending "Prevention is better than cure." More so, when from germs. It's peace of mind when you are RRI^BRnnB the declaration of being SARS free does not protected by AZEN ANTI-GERM Air Sterilizer. ißPfe -js| r mean that SARS or other deadly pathogens g|Ml|Sjmmlm§l} may not strike again. AZEN
      294 words
    • 541 8 la te tfaftr 4to Capli to. Cm SI h Ik MaOtr gf Pit LTD Statutory Declintioo by Directors of Company t ttuhky to conmur business b» maihiliiJutallUß L ROBIN HODDLE NEDEJUCOOHY of Ptsr Pinjanf Hill. Smppott *****0 nuke outlaid sty* follows I. lim it* director of tht iboverumed Compary. 1
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    • 497 8 la The Matter Of The Coapaaic* Act, Cap. 50 Aad la The Matter Of NIGCOM HOLDING PTE LTD Notice of Credit on' Meetiag Parwaat To Sectioa 296 Of The Coaynln Act. Cap. 50 NOTICE is hereby given thai pursuant to Section 296 of the Companies Act. Cap. .V). a meeting
      497 words
    • 587 8 IN THE MATTER OF THE COMPANIES ACT. CHAPTER SO AND IN THE MATTER OF KENWA MARKETING (SINGAPORE) PTE LTD. (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovenamed Company held at Marutake Honmachi Building. Honmachi l-Chomc 6-18. Chuo-Ku. Osaka S4l. Japan on Monday. 30th June
      587 words
    • 271 8 IN ITHE MATTES OF BVE PACIFIC (S) PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50. that a Final General Meeting of the members of the above mentioned Company will be held at the office of the Liquidator. 13 McCallum
      271 words

  • Page 9 Advertisements
    • 257 9 c J» J J jWyfPWWi iDDIS2I (New Subscriber Only) Hwe st Hong Kong CDBE 3EE7IHI ifckt rnCC "J Mjffl J||j*j|j|" Brunei FREEna™. <0.i3 TBB (J,k,rti> FREE \*23m* <0.13 ~IMW (B,nQkok) FREEi«t23m«»» <0.i3 ImbM! TWWm^^nr^^¥^ m Wttr^%^ f India (Murabai/New Delhi) FREE w 101.. I *0.29 Bi MI "9 1 I
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      104 words

  • EDITORIAL & opinion
    • 744 10  -  ■illq I bottom line OPINION frank ching AN online poll to find out who the current generation of Chinese youths who grew up in post-Mao China consider to be the country's cultural icons yielded some interesting findings. Surprisingly, perhaps, the writer Lu Xun
      744 words
    • 94 10 'If the recovery is indeed fragile, I would suggest to you it is unlikely that we would be moving rates.' -Aluflrwiii the US Federal Reserve chairman, with an upbeat economic forecast for the American economy. The president has told us over and over not to worry, that
      94 words
    • 662 10 EDITORIAL MEW Delhi and the Pakistani city of Lahore were re-linked by a bus service last week alter a hiatus of 18 months. It was an event rich in hope and symbolism. Will the "peace bus" take nuclear-armed India and Pakistan to lasting peace this
      662 words
    • 859 10  -  Avoiding an S&L-type crisis requires overhauling pension roles to ensure adequate contributions and disclosure By] Robert J Samuelson The Washington Post Writers Group [WASHINGTON] The pension time bomb is ticking and could ultimately explode in a savings-and-loan-like (S&L) crisis. An ageing American workforce
      The Washington Post Writers Group; AFP  -  859 words
    • 439 10  -  Ang Hao Yao Singapore SCRIP-DIVIDEND schemes of listed companies are commonly accepted by investors today. Investors have been told the schemes are good for them because they have a choice to receive their dividends either in cash or stock. I disagree and have never
      439 words
    • 257 10  -  Leong Sze Hian Singapore I REFER to the Editorial "Funds must look in mirror" (BT, July 3). According to The Economist magazine (July 5), "the truth is that, for the most part, fund managers have offered extremely poor value for money. Their records of outperformance are
      257 words
    • 127 10  -  Denis Distant Singapore I REFER to the pending cash distribution to shareholders of Fraser Neave Ltd (F&N) which will result in each shareholding being reduced by 10 per cent in exchange for $8.57 for each cancelled share without the option not to accept. With
      127 words

  • REGIONAL news
    • 548 11 NEW YORK Change to a more flexible exchange rate policy, Fed chief urges China Bloomberg US FEDERAL Reserve chairman Alan Greenspan said China's currency may be undervalued and it's in the Asian country's "interest" to move to a more flexible exchange rate policy.
      Bloomberg; AP  -  548 words
    • 370 11 Service sector badly hit by Sara but outlook for fall year is still upbeat AFP [BEIJING] China's economy grew by 8.2 per cent in the first half of the year, dragged down by the impact of the deadly Severe Acute Respiratory Syndrome (Sars) epidemic
      AFP  -  370 words
    • NOTE Book
      • 86 11 Bloomberg [HONG KONG] Hong Kong hired HSBC Holdings and Goldman Sachs Group as joint advisers to help improve its debt ratings by better presenting the city's financial position to international credit rating companies. The advisers "will assist in crafting a comprehensive Hong Kong
        Bloomberg  -  86 words
      • 110 11 Reuters [KUALA LUMPUR] MMC Engineering Group, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, is close to clinching a US$2B9 million deal to build a monorail system in the northern state of Penang, sources said yesterday. They said MMC Engineering had offered the lowest price
        Reuters  -  110 words
      • 72 11 Bloomberg [MANILA] Philippine Long Distance Telephone Co said net income in the first half fell a third to 1.8 billion pesos (Sss9 million) after the company took charges for workforce reductions and a writedown in the value of investments. Profit fell from 2.76
        Bloomberg  -  72 words
      • 112 11 Reuters [CALCUTTA] A top-grade Daijeeling tea fetched a world record price of 18,000 rupees (Ss6B6) a kg in an auction at the main Calcutta tea market, the Calcutta Tea Traders Association said on Tuesday. "Five chests containing 55kg of tea, produced by the
        Reuters  -  112 words
      • 57 11 AP [ATLANTA] US officials lifted a Sars- related travel alert for Taiwan, the only area remaining on a federal health alert list. The Centers for Disease Control and Prevention said the Taiwan alert was lifted because more than 30 days had elapsed since
        AP  -  57 words
    • 224 11 HONGKONG Bloomberg AFP SUN Hung Kai Properties Ltd, Hong Kong's biggest developer by sales, plans to buy 10 per cent of Hopewell Highway Infrastructure Ltd's initial public offering (IPO), boosting prospects for the HK$3.B billion (SsBsB million) sale. Sun Hung Kai agreed
      Bloomberg; AFP  -  224 words
    • 162 11 ■HONGKONG Reuters HONG Kong's anti-graft agency said yesterday that it had arrested 22 people, including senior show-busi-ness executives, over allegations that some singers received preferential treatment in record promotions. Those arrested included two senior executives and an employee of a broadcasting company; a chairman,
      Reuters  -  162 words
    • 393 11 KUALA LUMPUR Malaysia's economy to expand on limited Sars impact Bloomberg THE Malaysian economy will expand 4.3 per cent this year, helped by "positive developments" in the US and at home, the Malaysian Institute of Economic Research (Mier) said, raising its forecast from 3.7 per
      Bloomberg  -  393 words
  • Page 11 Advertisements
    • 1625 11 A INFORMATICS H HOLDINGS LTD INFORMATICS HOLDINGS LTD NOTICE OF ANNUAL GENERAL Ml I *****1 NOTICE IS HEREBY GIVEN that the twentieth Annual General Meeting of INFORMATICS HOLDINGS LTD will be held at flairocim 3 A 4 (level 2), 30 Scott* Road, Sheraton Towers Singapore, Singapore *****0 on Friday, S
      1,625 words

  • WORLD news
    • 304 12 WASHINGTON Industrial output 19 for second straight month AP CONSUMER prices increased by a modest 0.2 per cent and industrial production advanced slightly, painting a picture of an economy that is working to get back to full economic speed. Consumer
      AP  -  304 words
    • 398 12  -  Fronn Anthony Rowley in Tokyo UNCERTAINTY deepened yesterday over whether or not Japan's economy really is on the mend when the Bank of Japan upgraded its economic assessment for the first time in 12 months but at the same time pointed to a raft of
      398 words
    • US earnings
      • 113 12 Bloomberg [NEW YORK] JP Morgan Chase Co said second quarter profit rose 78 per cent as bond sales and trading climbed and losses from bad loans declined at the bank. Net income was US$l.B3 billion, or 89 cents a share, compared with US$l.O3 billion,
        Bloomberg  -  113 words
      • 91 12 Bloomberg [NEW YORK] Ford Motor Co said profit in the second quarter fell 27 per cent after the company reduced North American production as sales slowed. Net income dropped to US$4l7 million, or 22 cents a share, from US$57O million, or 29 cents,
        Bloomberg  -  91 words
    • 325 15 US BANKRUPTCIES Filing represents 11th largest US bankruptcy case AP [ATLANTA, Georgia] Energy supplier Mirant Corp succumbed to bankruptcy after struggling for more than a year with heavy debt and weak revenues, aggravated by questions about the company's accounting and behaviour in
      AP  -  325 words
    • 151 15 Reuters |NKW YORK| liOral Space Communications Ltd. a satellite maker and operator slammed by poor demand and oversupply, said on Tuesday it filed for bankruptcy protection and would sell half its satellites for up to US$l.l billion. New York-based Loral, which carries television and
      Reuters  -  151 words
  • Article, Illustration
    1057 12 Transaction date: Jul 16 MTERBJkMI CROSS RATES AS C$ »■> tare NK$ M*i tojUk Van Won «M M2S Pafcfa Pw S$ *mi Sir m W Poon4 US$ Avtrala 0.909 5.409 0.586 5.063 30.114 53.(72 0.771 7.660 2.477 1121 37.658 34.957 1.148 5.070 0.907 22.414 27.136 0.410 0.652 CaMi* LWO
    1,057 words
  • 1499 12 SICOM FUTURES Jul 16 lUMEKFOTrts (CM* print) RSSKScMts/fcf) don VotaM Open »wBi Mfh Lot Sitt (tpnnn) Interest Aug 03 T76.50 Sep 03 170.00 Oct 03 168.75 Nov 03 167.00 RSS3(UScNts/hD Mm Oh* MobWi M# Lot Sett (tons) Merest Aug 03 99JO 99.25 99.25 800 4400 Sep 03 96.00 96.00
    1,499 words

  • 4355 13 Transaction date: Jul 16 HONG KONG m HKRM\ 007 «n» MB W- MO Hong Kong Electni HH 010 2529 Hongkong Chmese 0 89 001 NM AlphaGeneral 028 undi 0 Hongkong Chinese ltd OH 001 1926 AnandaWmgOn 001 undi 0 HopewellHolding* 800 0» 5319 AiyraNtwMH HI 002 ***** HS8C
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  • 2256 13 Transaction date: Jul 16 KUALA LUMPUR ZzZiZL 'US Va > General Corp 0.61 -0.01 3S4 m w eggo) General Soil 126 unch 0 Gentmg 15.70 -040 1267 X*M Realty 104 -0.06 121 George Kent .031 0.01 672 Abric 1.19 0.01 467 Gtobetronics Tedi 530 -0.10 438 ACP Industries 3.14
    2,256 words
  • 798 13 Transaction date: Jul 16 »ad> —mm m Otm O—fa «—rti 1 Oaaa Owg» ASgraanSOc 042 IjOSO -OjOJO NatSted 50c 0.53 2.700 -0010 CK 0 54 MOO *0.200 OCK AM ***** *0.200 CjpaejLand 111 1410 -0020 OUC 057 7400 *0.200 Chart SemtCond 2fc 1.10 1*0 *0010 Mkwey H 2S( 045
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  • 523 13 BONDS WARRANTS Laat Ml Cm to to Caar-*3to C—p—y to *er- f 1 —> toll* Mm ha u> AST1W*****1 15 15 227 1 It 17 2X7 11 MMMM 15 unch 197 1 SO M 7i7 K AmtakVMKWM 82 5 I I 139 23 Armstrong WD***** l«tl 258 1 10 11
    523 words
  • Page 13 Advertisements

  • TECH results
    • 414 14 SAN FRANCISCO Lack of recovery signs raise concerns stock prices may have risen too fast Reuters INVESTORS betting that tech spending will pick up markedly in the second half of this year were dealt a weak hand on Tuesday. Four major technology companies
      Reuters  -  414 words
    • 282 14 PRINCETON, New Jersey Bloomberg NETWORK Associates Inc, a software maker that's the subject of two US accounting investigations, said sec-ond-quarter profit fell 95 per cent because of costs to cut jobs and close an office. The shares fell as the company reduced forecasts. Net
      Bloomberg  -  282 words
    • 85 14 Bloomberg [NEW YORK] Samsung Electronics Co, the world's No 2 semiconductor maker, said yesterday its secondquarter net income fell 41 per cent because memorychip prices declined and it sold fewer phones. The company said profit will improve this quarter. Net income dropped to 1.13 trillion
      Bloomberg  -  85 words
    • 88 14 Bloomberg [NEW YORK] Motorola Inc, the world's No 2 mobile telephone maker, posted a second-quarter profit of US$ll9 million. Revenue fell 10 per cent as demand slumped in Asia, and the company said sales and profit may fall this quarter. Net income in the second quarter was
      Bloomberg  -  88 words
    • 105 14 Bloomberg [NEW YORK] Seagate Technology, the world's largest maker of computer disk drives, had a fiscal fourth-quar-ter profit as sales increased 5.4 per cent and the company cut administrative and debt costs. Net income in the quarter aided June 27 was US$l6O million, or 33
      Bloomberg  -  105 words
  • Page 14 Advertisements
    • 2475 14 0 CSC HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of CSC Holdings Limited (the "Company") will be held at 67 Sungei Kadut Dnve. Sngapore *****7 on Friday. 1 August 2003 at 10.00 a.m. for the following purposes: ORDINARY BUSINESS 1.
      2,475 words
    • 666 14 IN THE MATTES Or THE COMPANIES ACT CAP. SI AND IN THE MATTEK OF PEELI INVESTMENTS PTE LIMITED NOTICE OF SPECIAL RESOLUTION FOB MEMBERS' VOLUNTARY WINDING-UP (panaaat la SmMm IN) Al an extraordinary general meeting of the memhen of tie above-named Company, duly convened and hdd al 4 Shenlon Way
      666 words

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  • Page 15 Miscellaneous
    • 215 15 CRYPTIC CROSSWORD ACROSS pcnnts after a game (9) 28 Leading MP is taken in by moneymaker (8) rebred servicemen (6) Across: 8 Gaga, 9 Ecu, 10 Am--29 The man had eaten fish and 9 Frenchman is apt to embez- ulet, 11 Gemini, 12 Lathered, 13 bent over (6) 2,6 funtte
      215 words

  • BizIT
    • 622 16  -  The importance that companies attach to info-security is not matched by funding or resources allocated, Tang WengFal learns from an Ernst Young survey Tang Weng Fai INFORMATION security seems to be no more than lip service for many Singapore companies which agree it's important but have
      622 words
    • 290 16 loomberg [PRINCETON] International Business Machines Corp, the world's second-biggest software company, was asked by Michigan State University in March to integrate software by SAP AG, Oracle Corp. and JD Edwards Co for a new busi-ness-school laboratory. "IBM was very much a
      loomberg  -  290 words
    • 388 16 Bloomberg [SAN FRANCISCO] Clifford Bell, chief information officer at Phoenix Technologies Ltd, says buying laptop computers using Intel Corp's new Centrino chip package for wireless Internet connections is worth the added cost. "I'm going to enable my salespeople to communicate
      Bloomberg  -  388 words
    • 750 16  -  hi I comment TECHNOLOGY The new e-Goverament Action Plan could trigger significant social change but are bureaucrats ready? kenneth james INTERESTING how the name given to the master plan for e-government e-Government Action Plan shortens nicely to 'eGAP'. It reminds us that there is indeed a
      750 words
    • 281 16 AP [URAYASU, Japan] Mickey Mouse and other Disney characters are about to make their debut in Japanese homes via broadband Internet, a rapidly growing market where competition to woo users is heating up. Disney 88, Walt Disney Co's first broadband entertainment service in
      AP  -  281 words
  • Page 16 Advertisements
    • 202 16 I If You are an ■■■■I Opportunist The Business Times at $298 and receive Mam (Mr Dr Ms Mdfll) NRIC No.: Read between 26 issues of Forbes Global and this exclusive Postal Code: tlie lines Samsonite Travel Bag (Total worth $540) (Hp) Occupation: Email: Art you a current subscriber? Yes
      202 words

  • SHIPPING TIMES
    • 41 17 Reuters THE Baltic Dry Index rose 7 points to 2238, the Baltic Capes ize Index rose 6 points to 2941, the Baltic Panamax Index rose 10 points to 2274 and the Baltic Handymax Index rose 48 points to *****.—Reuters
      Reuters  -  41 words
    • 235 17 SCX IN ■MM CWT Distribution 0.61 a03 983 CMOfWlSiT U4 uoctl 2 5tf Cosco liwastniant 0-33 0.01 3064 FrataM Links 0.07 unch 814 GBHoMbttS 0.76 0.03 77 Jaya HoMfcqt ,040 unch 22S2 MMlCwp 5.05 uncti 1436 KlVantNT* 024 -0.01 >0954 MppMTM* 0.94 O03 455 Labroy Marina 027 -001
      235 words
    • 544 17  -  Neighbouring ports aggressively opening direct links, says Kna Reports by Donald Urquhart [SINGAPORE] As neighbouring ports continue to offer more competitive rates, PSA Corporation should offer an "open and transparent" rate package that differentiates between mainline and feeder container operators, said the chairman of
      544 words
    • 284 17 [SINGAPORE] With an eye on promising growth in the intra-Asia trade, Regional Container Lines (RCL) said yesterday it is considering closing another deal for two more container ships in the coming weeks. RCL chairman P L Kua said the two new 2,588 TEU containerships
      284 words
    • 116 17 Reuters [BRUSSELS] Belgian maritime researchers said they had discovered the preserved wreck of a 17th century merchant ship off the coast of Belgium. The 30-metre ship had run aground on a sandbank around 17 kilometres from the town of Nieuwpoort in Belgian waters. It
      Reuters  -  116 words
    • TRICOLOR salvage
      • 710 18 The Tricolor, alter lying in the Channel since December, will be removed in a major operation this week AFP [DUNKIRK, France] ONE of the biggest salvage operations ever mounted gets underway later this week, as experts use a cutting cable to slice through the wreck of
        AFP; Source: tricolorsalvage.com, Reuters  -  710 words
    • 113 18 PAGE BSA 4 B'tang Mas 6 CM A CGM 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
      113 words
    • 4434 22 thebusinesstimes EXPORT ETA ETA Advartlsar V«M Voyaga Tatapiiona ETA ETA Advacthaf VMUt Voyaga Tata»hon» SM Dadfw Nam* Now Nunftar Numbar BR PwO mm MEM -WMor »HHm... f07 Ot/M Chin* Shpg ASTA RICKMERS OO09W tt-iSUOt* $6 WWJL TAMPtRE AM310 65^J^C33 8S9T MP®*** v..ra 03$6 W& DMw DELMAsTeRGUELEN 339*" H-SSJflM
      4,434 words
    • SHIPS IN PORT
      • 593 23 V—I Voy Wo Bfth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ATLANTIS 7 A7155 J3 A/SIDE 17/07 0631 GOLDENMULIA JB702 J10 A/SIDE 17/07 0301 ORIENTENOBLE 3 J5/6 A/SIDE 17/07 150* UNIPLUS 0313 19 A/SIDE 17/07 235! UNITRUST 0311 J23 A/SIDE 17/07 0604 ALAMSENTOSA *****3 J15/16 17/07 1630 18/07 11CH ANABAS
        593 words
      • 1692 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES .Vend Out In Mh Berthing (In- Berth Neme Voy Voy *«q berthing Nmbr AO MARIGOLD 002S 002S 1 2007/2003-15.00 2107/2003-0700 ACX SAKURA 019N 019N 1 1907/2003-15.00 2007/2003-0300 ALWOOf C251W C251W 1 19*07/2003-15:00 2007/2003-0300 AMERICA SEW 948W 948W 1 17/07/2003-1 9Q0 1807/2003-06.00 K14 ANANBHUM
        1,692 words
      • 124 23 Jnl 17 S Korea: Cons Day. MM Japan: Marine Day. An® 1 China: Founding Chi PLA. AX 4 Australia: Picnic Day. U Kingdom: Summer Hoi. AafU Thailand: Queen's Birthday. Aaf IS France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Aag 17 Indonesia: Indepen Day. Aa|M VKingdom:
        124 words
      • 812 23 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 averagesixed stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        812 words
      • 428 23 Carta* *0 Ma Mil 0.6 *2 0.07 49 0.06 .mm Dowitv Water RmMm AUUUmmMmi SottaMat No ibow E25 1 0 3 0 0 0 =22 300 AM WJ 0J IU 0.05 1» 0.02 .z! 390 Ma 99L1 3.0 17.4 0.09 57 0.00 war! %m/w %M*i WM
        428 words
    • AIR & LAND transport
      • 417 24 In pilots tall not insist on layoffs being made proportionally from froth their unions Reuters {ZURICH] Swiss International Air Lines said yesterday it will ditch plans for a separate regional unit laimed at saving 20 per cent of regional operating costs, to
        Reuters  -  417 words
      • 296 24 It will be catting fewer flights this month and next [SINGAPORE] Singapore Airlines saw its best month in June since the Sars outbreak forced it to slash almost a third of its scheduled weekly flights. The national carrier, however, cautioned that
        296 words
      • LOG Book
        • 91 24 Bloomberg [MOSCOW] Aeroflot, Russia's largest airline, said 2002 profit soared to US$B9.3 million from US$2O.l million the year before, the Vedomosti daily reported, citing an unidentified person close to the company. Revenue rose to U551,563 billion from U551,558 billion, in reports compiled to international accounting standards, the
          Bloomberg  -  91 words
        • 91 24 Bloomberg [FRANKFURT] Thomas Cook, Europe's second-largest travel company, may cut 340 flight-crew jobs at its German Condor airline unit and sell or ground five aircraft as part of a plan to reduce expenses. The programme has not been finalised and serves as a "worst-case
          Bloomberg  -  91 words
        • 111 24 Bloomberg [LONDON] easy Jet, Europe's largest low-cost carrier, said it will stop its cargo service at the end of August to focus on the passenger business, easy Jet took over Go Fly's cargo business last year when it bought the smaller no-frills rival, which
          Bloomberg  -  111 words
      • 234 24 Carrier spending £50m on first class facilities on its planes Bloomberg [LONDON] Virgin Atlantic Airways, the UK's second-largest airline, is spending £50 million (Ssl4o million) in an attempt to lure former Concorde passengers once ri- val British Airways retires the supersonic airliners in October. Virgin
        Bloomberg; FILE PHOTO  -  234 words
      • 330 24 Bloomberg [TOKYO] All Nippon Airways (ANA) president Yoji Ohashi said a reduction in landing fees at Japan's main international airport in Narita may prompt the airline to lower its airfares. The head of Narita's operator Masahiko Kurono said last week it
        Bloomberg; AFP  -  330 words
      • 162 24 AFP [KIEV] Crew error was probably to blame for the crash of a Ukrainian-operat-ed plane in Turkey in May in which 75 people died, Ukrainian President Leonid Kuchma said. "In all likelihood, the crew was guilty," Mr Kuchma told reporters. "But I cannot say
        AFP  -  162 words
      • 358 24 Backing comes after ELM denies decision to link op with Air France Reuters [LONDON] British Airways, Europe's biggest airline, said on Tuesday its close ties with Spanish carrier Iberia would be at the heart of any industry consolidation within Europe. "Our
        Reuters  -  358 words
      • 1569 24 an ruoff m man ti» lhtm vms ors 2250 A*8W» 8A730I 1840 8A7382 228 ***** 2305 am IMO am 228 imt78 bss m«t» 2305 ****** 1555 S***** 2305 1455 S***** 855 l5l763 2350 w caa IA7306 1805 S02t 2350 0T6 1105 me osw wo ww am
        1,569 words
      • 264 24 Bernama [ABU DHABI] Gulf Air has become the first Middle East airline to introduce sophisticated, self-service echeck at kiosks placed at airports in Bahrain, Abu Dhabi and Oman, to make check-ins faster and easier for its passengers. In a press release distributed yesterday,
        Bernama  -  264 words
    • PORTS
      • 697 25  -  p t bangsberg looks at what's being done to expand port infrastructure and increase efficiency P T BANGSBERG AS China struggles to get to grips with its extraordinary explosion in maritime trade, experts say any realistic analysis of the sector means generalisations
        FILE PHOTO  -  697 words
      • 574 25  -  By I DAVID HUGHES WHILE the financial fortunes of the major liner shipping companies tend to swing between just tolerable and totally unacceptable, confidence in the continuing spectacular growth of the container industry is undiminished. That means the demand for container ports
        574 words
      • 797 26  -  Regulating port competition is a minefield, david hughes explains DAVID HUGHES OPERATING ports, or perhaps more correctly terminals, is now a global business with several major players including Hutchison, P&O, PSA Corporation, ICTSI running extensive worldwide networks. It's worth making the distinction between
        FILE PHOTOS  -  797 words
  • Page 17 Advertisements
    • 49 17 17th Asian Freight Supply Chain Awards (Formerly known as Asian Freight Industry Awards) Best Seaport Asia The Port of Singapore Best Container Terminal Operator Asia PSA Corporation *'/V t'-nz- t" k- i: 1 I' i.i P 0,: '1 t singapolre. MORE TRAFFIC THAN ANY OTHER PORT IN THE WORLD.^
      49 words
    • 19 17 Swiss gives up regional unit plan bumes Vhgbi Atlantic eyes ex-Concorde ueeiSBMGEt Tricolor salvage: AH set for cuUmHtt nME2
      19 words

  • Page 18 Advertisements
    • 669 18 riMPORT NORTH AMERICA AUSTRALIA!NEW ZEALAND I auwwuTTUua wan i lAunMmAwroroiium rasa I VOT I m "'""Hi m vbsb |wt|wlct|»|»|« [71 ne 00C1CMMM* 71W2* 02/07 20/07 22/07 APIIVOOT *1N OS/07 17/17 01/07 11/07 IS/07 10/07 11/07 POO NBUOTD SOUTHAMPTON J4W77 0007 27/07 10/07 POO NBUOTD AOBAM MM OMT 14/07 10/07 10/07
      669 words
    • 432 18 lines servicm upr—nNd by LA Singapore Shipping Association 1 W A****"™ ULY UNI MALI /vbsb vor eta in eta A f. KUKC SMW MU Mold Carrier 740 A 23/07 ~25/07 03/08 Princess Lily 0703 03/08 05/08 M/ 08 Maid Star 541 A 13/08 15/08 24/08 Empress Lily 0503 23/08 25/06
      432 words

  • Page 19 Advertisements
    • 1007 19 TO USA (SAX SERVER Ivtssa vot sum m w mi noil cm cot mm m nyc ahhoqano nil n/ti 07/01 11/00 12/00 n/w n/w n/o»jii/og is/oo is/o|_ AWBIGtANP 1101 30/07 14/00 10/00 10/00 10/00 10/00 Jl/00_ JO/OP 11/00_ 11/00 iHamm -ITT Ttflf *5 M/M /M n/ n/ Mvantm 1101 13/00
      1,007 words
    • 1744 19 r OMOMNMNOuS mmgpmm »mb MYCOTIC (IUAMK) HMff cwtiFshimmnc pti ltd SBR/u "VSSI* I cowttraoSSSw hms n»iin7M(ttSl NMMCO/Ol MUSW UHSIIt/d I l/MPHP *****01S 41M5314/44 I jOMrsomo: commnmi minim iianoo I Etw TUBDw mUKS COSTAI *6BMB (1 SO IMP IE: 07-35M144 HULO7-ISMI7O VB/MT Sff IE M M M Ml UOI MOXUmOM OSI/W
      1,744 words

  • Page 20 Advertisements
    • 908 20 HMAW* HYUNDAI MERCHANT MARINE CO., LTD. fk —II" wwd— q WO. HO47HOOOQW |vai <w| I sou w Mir Two m vcsa ~voT "W ""la" ~im~ ~W ~mm m T man* iiowlio/07 m/w x/v oi/m mm lis u/o* io/o* 10/0* 00/07 MMAMMMfif 01*w|ll/07 01/ M 01/00 M/ 07 19/07 HYOWPOWMQ 3141
      908 words
    • 449 20 WX WAN HAI LINES TIL: *****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 detail*, call HOTLINE: *****388/1800-*****00 ASUEXMtSS IMA SMfD B/W M/V ■POTT ISM M/ 17 N/07 M/N M/M
      449 words
    • 448 20 BSAi •jMYANMA FIVE STAR UNI "tsetr vtssa vor sm m rat ran mm mm so HPA-A* 307W SU M KAUTUJL KNISTUO SMfPNW ACMCKS KUL 03-*****300 HI: 03-317M101 TBk 04-*****01 tg| BANK LINE (A «onrico «l Aadrow Wall TMppli|l 1 NORTHBOUND TO iWOH 1 V CONUUNBt, ROtO, Mil I HUVYUFTS vtssa
      448 words

  • Page 21 Advertisements
    • 942 21 Ivtisfa v6r khh hic6 I sln I wa I I us I 6*uw toe WAN KRMAN KL 330 ***** ***** 19/07 30/07 37/07 3S/07 03/0* 05/00 MAN ISFAHAN KL 331 33/07 33/07 36/07 37/07 03/00 04/0S 11/00 13/00 ■AN HOOMOZOAN KL 333 39/07 30/07 03/00 03/00 10/00 11/00 10/00 30/00
      942 words
    • 498 21 UK CONTINENT SERVICE Loading for EVANGEUSTRIA ROM/ATW/BMN/UK/NAN INCE TRANS RTM/ATW/BMNAiK/NAN ZEYNEP KIRAN RDM/ATW/BMN/UK/NAN 1 Singapore, E/W. Matoyato, Indonaato MIDDLE-EAST SERVICE Loading for PAN BRIGHT ADN/HDO/JDH/AQA APJ ANJLI DBI/ABU/DOH/BRN/DMM/KWT AYIA MARINA DBI/ABU/DOH/BRNA3MM/KWT LOK RAJESHWARI ADN/HDO/JDH/AQA Xoadß E/W. Indonaato USA SERVICE Loading for QUI GON JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX^AZL PACIFIC EMBOLDEN
      498 words
    • 632 21 js&ft m m m jam, m ■aaas —sa —m —n«mim i»* ft/y uaz_ mi uaz—nm BZHB n/ti M/»y r*tsau mi 31/07 oao rofii ma n/u m/«; ■^MHflpnvnPfflViVYlM^^H ■sag—g —gf —m- SS^HB JKltfM ItHH HfIZH Ml gOBM fflfl 3%/ 1 fflE 1 gg ittll 2fZBZ n/17 gtFi Ig g/j 1 tyre
      632 words


  • Page 23 Miscellaneous
    • 138 23 pEGIONA^EATHE^^^^^^H^HM I FOR 7AM 17 Jul 2003 126 I KSSK^^Hh y ii9E9^^m s m^nrv'li /Z3 /x 7 |hh x /Sv X 2i^^9'VV9 Issued by Meteorological Service Division.NEA LEGEND: R Thunderstorm Wind speed symbols v 7 Showers Full circle w/o line indicates calm or light and variable winds R a j
      138 words


  • Page 25 Advertisements
    • 193 25 fr tl B^Hf i/* 11 k PTP is located at the crossroads of impressive, you may also be interested the world's busiest international shipping in our future plans. Our Phase 2 is lanes. Actually "located" is the wrong word; already in development. With the ability carefully positioned would be a
      193 words

  • Page 26 Advertisements
    • 99 26 —O a£ x SSBRh. iHv PORT OF HAMBURG PORT OF PARTNERSHIP I /V I f\| I A f A I I K Best Emerging Container Terminal Operator Asia AFSCA Awards 2003 I mr~ ikm^m^^^^^^^KWfT\r rf LX *f f importance is growing day-by-day. Thanks to the support of customers who are
      99 words