The Business Times, 1 August 2003

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES MfTA (P) 024/03/2003 Internet http://business-times.asial .com.sg SINGAPORE FRIDAY. AUGUST 1, 2003 85C
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  • 977 1  -  It says residents filled 90% of new jobs; researchers had fignre at a low 25% By Anna Teo [SINGAPORE] Contrary to claims that foreigners snagged three out of four new jobs in the last five years, 90 per cent of jobs created in the
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  • Page 1 Advertisements
    • 56 1 INSIDE HiewYoon Khongisnew Mapletree CEO Pg9 EXECUTIVE LIFESTYLE Is S'pore ready for musicals? Pg2o anlrrlnu turn Keppel Fels could face USs44m suit Shipping Times Pg 1 BA, unions end labour dispute Shipping Times Pg 10 Read independent analyses and consensus recommendations. Go to BT Markets at Mtp://busJiiess-ti<nes.asial .com.sg. A free
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    • 43 1 She's not t called 'pressure cooker' for nothing. 'I try to push their 1 abilities to the limits.' >i» Hyflux's Olivia Lum tells how hard t she drives her people in the Raffles Conversation tomorrow. 11l 8"*****1 *****4" l .Vnfc>i 7^fn_ir F^P^BflK§E .v^vv.Sß
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  • 738 1 Wall St rebonnds and US$ rises as Fed's Beige Book also fuels optimism AFP, Bloomberg Reuters AP [WASHINGTON] Investors jumped on surprisingly strong US data yesterday as a sign that the world economy is on the rebound, rapidly reversing stock losses and
    AFP,; Bloomberg; Reuters; AP  -  738 words
  • 495 1  -  Only those related to special dividends were passed By Wong Wei Kong [SINGAPORE] Oei Hong Leong again flexed his muscles at Nat Steel Ltd, defeating three resolutions sponsored by the Ong Beng Seng-led group at a shareholders' meeting yesterday while supporting only those
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  • 80 1 SH 1,558.87 (-19.32) ST INDEX RJTURES 1,550.00 (-30.00) BIMBCI FUTURES 190.00 (-4.60) Thursday Change KLSEHIMP ***** -I 60 NIKKKl 225 9.563.21 -69 45 HAN(i SENG I0.I94.S3 1361 SET INDEX 484.11 *921 JAKARTA (t).MP -507 99 -024 MAMI.A COMP 1.***** 4 12.23 TAIPEI WP1 11-16 SKOIL (OM P 713.52 —-O
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  • 77 1 FOREX RATES Ut| rss (SSpcr I SS| 1760 S(l per 1.612 2.836 EI'RO|l SS/SS/E). 1134 1.994 YEN 120.2 68.30 RM 3.800 ±160 HKS 7799 4433 BAHT 41.96 23.85 Rl'PIAH 8.475 4.817 RENMINBI 8299 4.717 INDIAN Rl'PEE 4615 26.23 AS 1533 0871 V.S 1717 0.976 PRUNE RATES SINGAPORE* 5i5 MALAYSIA
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  • NEXT page
    • ON THE grapevine
      • 109 2 BOTTOM line has a different meaning for different people. In financial circles, it's the net profit or loss generated by a company. But in Hollywood, where the mainstream culture is preoccupied with the aesthetic, bottom line has taken on a whole new meaning. Celebrities male and
        109 words
      • 117 2 SOVIET dictator Joseph Stalin was so outraged at the anti-communism of film star John Wayne that he plotted to have him murdered, according to a new biography on the American icon by British writer Michael Munn. Mr Munn said several attempts were made in
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    • 76 2 IN our report yesterday, "Startech sues ex-CEO for missing monies", we mistakenly called the company Startech Systems in the first paragraph. It should have been Startech Electronics. In yesterday's market report "Quiet day after Wall St roller-coaster", we erred in saying that Keppel Corp reported an 11 per cent
      76 words
    • 531 2  -  Federal control of resources in states may affect S'pore From, Eddie Toh in Kuala Lumpur THE federal government's move this week to wrest control of water management from states in the Malaysian peninsula could be a precursor to the enactment of a
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    • 470 2  -  Number of jobs lost hit 24,800, highest in eight quarters By Chuang Peck Ming {SINGAPORE] The unemployment rate stayed at 4.5 per cent in June, unchanged from March but it could have been worse. Fewer people looked for work in the June
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  • Page 2 Advertisements
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    • 92 2 itii-ett Lianhe Zaobao I jump on the I I fund-rasing I I bandwagon I I JlSrfrifeffiSSll I I I I I H gWWX BMJSW P Jp ~t3 pkm 9«an it iw» w mo* ram n «m»m< ■MruStW ir w-IuMiCMrMJOM UMH HIWI H»CTM» fc W%l M K i«« «m imi o-
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    • 145 2 Comprehensive Accounting, Inventory and Reporting Software for SME's Tally ees 6.3 is the only advanced business solutions software of its kind with complete accounting and inventor}- management capabilities, that delii'ers the most powerful performance and comes with an incredibly affordable price tag. Tally ees 6.3: Incredibly Cost-effective Code less Easy
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    • 48 2 XTTh© WOrld S Incorporation Fees fron USS500 Full professional after sales service IGadlnQ provided. For a complimentary consultation, contact: OffShOTS pi or ence Nathan i- ->• r •> > Company and Tax Tel: (65) 6535 3382 Planning Fax: (65) 6535 3991 Specialists OCI3 .'01 IciWIOG Mmm 1 f| |L|| IBIIij
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  • 234 4 NUMBER CLOSING GROSS MATURITY YEAR RAISED COUPON AMOUNT INTEREST Of DAYS OF P™C£S* RE^PT1°N DATE RATE ($m) PAYMENT ACCRUED (EXCUJWNG YIELD IStNCOOE (%pj) DATES INTEREST ACCRUED WEREST) pa) 01.*****3 N*****1X 1998 515 850.00 1/9 1/3 152 100.36 0-96 SQWOdOWM 01.*****4
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  • Page 4 Advertisements
    • 741 4 rermi Corporation v..-; f Keppel Corporation Limited X (Incorporated in the Republic of Singapore) .JU -J*' -WW v 1. UNAUDITED RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2003 The directors of Keppel Corporation Limited advise the following unaudited results of the Group for the setortd quarter ended 30 June
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  • SINGAPORE companies
    • 491 4  -  Rise underpinned by higher contributions from property, infrastructure businesses By Donald Urquhart KEPPEL Corporation yesterday reported a marginally better half-year profit, up 5.7 per cent from last year due to stronger contributions from its property and infrastructure businesses. For first-half 2003 ending June 30,
      ARTHUR LEE  -  491 words
    • 526 4  -  No plans to take in a US partner for Global Crossing By Angela Tan SINGAPORE Technologies Telemedia (STT), which has spent US$63O million on a 42 per cent stake in Indonesia's second largest telco Indosat, remains on the lookout for similar acquisitions to help it
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    • 621 4  -  HOCKlffffffffl donald urquhart WHILE Singapore Airlines' first-ever loss since going public in 1985 was dramatic-sound-ing news, in reality it was a result that was widely expected by industry watchers, investors and analysts alike. As profitable as SLA typically is, it was
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    • 421 7  -  CBWA-STORE FORUM From Loh Hui Yin in Shanghai SINGAPORE Inc has made a strong commitment to China, with Temasek Holdings saying that its stable of companies are "very interested" in investing more in the country. "All the companies (Te-masek-linked companies) are looking
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    • 371 7  -  Revenue op 23% as number of service centres hits 145 Byl Serena Ng ACCORD Customer Care Solutions (ACCS) is still at an early stage of its expansion and needs to widen its network substantially to become the de facto choice of global electronics
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    • COMPANYBriefs
      • 76 7 INFRASTRUCTURE construction group Ipco International, whose shares were the subject of a recent trading curb by brokers, posted a whopping net loss of $85 million yesterday, against a net loss of S2.46 million in the previous year. This, said Ipco. was due mainly to
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      • 25 7 SINGAPORE Petroleum Company has appointed Koh Ban Heng, 54, as Its new CEO and an executive director, effective from Aug 21.
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      • 42 7 HIAP Moh Corp's first-half net profit feU 16.4 per cent to $102,000 due to weaker demand in Singapore and Hong Kong which were affected by the Sars virus. Revenues dipped 13 per cent to $23.5 million.
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    • 664 7  -  Dairy Farm the biggest gainer in Jnly with 33.5% jump to $4 .lb By Andrea Tan THE Singapore stock market got a liquidity boost in July that raised its value 8.5 per cent to $257.5 billion as share prices advanced. Units in Hong
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  • SINGAPORE markets
    • Article, Illustration
      330 6 OTHER SINGAPORE INDICES Jul 31 VALUE CLOSE t WOMB -331.00 4-108.00 BTCADI -*****.00 -86.00 -*****.00 -33.00 M-fQEyWw 420.87 -3.91 SG Equities Etect 152.55 -0.20 SG Equities Fin 1315.05 -18.15 SQEqrftiMftap 393.07_ -4.16 MSCI TTngfj-i 194.40 unch SiMSCI FvturM 190.00 Stock# Votum* Sunningdate 15c 122,906,000 Interra 5c 63.173,000 Integra 5c 37,194,000
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    • 280 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan DESPITE Singapore Airlines posting its first-ever loss of $312 million for the three months to June, some analysts are re-rating the national carrier. Its stock, whieh slipped 10 cents to $10.80 yesterday, has gained 35
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    • 611 6  -  comment STOCKS ven sreenivasan Another fiat session on Wall Street amid tech-sector earnings worries kept Singapore investors sidelined yesterday and sent the Straits Times Index sliding for a third straight session. But although blue-chip heavyweights such as the banks and conglomerates fell back, brokers said
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    • 754 6 And greenback stays firm against yen ahead of release of key US data Reuters AFP Bloomberg [TOKYO] The US dollar hit a one-week high against the euro yesterday on expectations that upcoming US data will show a solid recovery for the US economy
      Reuters; AFP; Bloomberg  -  754 words
  • 48 6 UNIT TRUSTS FUNDS IfGENO: M print «ra mdkabva anpt lor En Rinagtt AaNc Iroacßy DivarnfiaA I Narrowly Foajaad;SLow«r Mc Low to Madkm NMc ft Madwm to High Mric Mgtwr RMc operv-anded: Mora *übdhn»on of unrtv Altor lubdhriMm of units tf aftar Modi split W.A-Non Dialing Day Hoor Pnc*rSSo-»15
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  • Page 7 Advertisements
    • 305 7 PROJECT FINANCING REQUIRED Manufacturer of Rayon Grade Wood Pulp, Viscose Staple Fibre (VSF) and Rayon Filament Yarn. Unit, formed in 1961, is located in Tamil Nadu, South India. Under the custody of Quasi-Judicial Body of India. The staff strength is 3,500. The unit was listed in the Top 250 Companies
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  • EDITORIAL & opinion
    • 788 8  -  M^TTEtmTTTIT^ OPINION M THE title of this article might surprise some readers. After all, Alan Greenspan recently came out with all guns blazing on growth prospects for the US economy in the second half of this year. The Federal Reserve chairman added
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    • 73 8 Tm confident that our search will yield that which I strongly believe: that Saddam Hussein had a weapons programme.' w the US president, like British Prime Minister Tony Blair earlier, changing the basis of going to war with Iraq from actual weapons of mass destruction to a
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    • 596 8 EDITORIAL IT WOULD be disastrous for the local economy if Singaporeans clamoured —as some people in other countries are doing —to restrict the hiring of foreigners because the pool of new jobs seems to be shrinking. The backlash stems from a growing trend among companies around
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    • 961 8  -  Improving infrastructure and capitalising on comparative advantages are among recommendations made in a major Japanese study From Anthony Rowley in Tokyo ASEAN is being courted assiduously by four main suitors Japan, China, the US and the European Union all of which appear eager
      AFP  -  961 words
    • 549 8  -  MMkXEm Thomas Ling Min Sing Singapore I REFER to your report "NTUC targets 50 big firms in pay revamp drive" (BT, July 30). Both DPM Lee Hsien Loong and Lee Boon Yang, Minister for Information, Communications and the Art, have in recent weeks expressed
      549 words
    • 239 8  -  Kenneth Pang Cheow Jow Singapore I REFER to the letter by Ang Hao Yao "Scrip dividends don't benefit small investors" (Mailbag. July 17). Mr Ang suggested that scrip dividends can benefit major shareholders but leave small investors between a rock and a hard
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  • Page 8 Advertisements
    • 98 8 Fax your letters to 6319-*****r email them to bttetterQ spti.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh < North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We
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  • Page 9 Advertisements
    • 107 9 BUktc"' r; X -4 1 lw 1 #<- ll', *»> /•V -J2- <* You never ■h s 7 actually own a Patek Philippe. v You merely *r r-mr-Jl look after it for the next generation. caiatrava by Patek Philippe B THE HOURGLASS SINGAPORE MALAYSIA *****« K) THAILAND TAKASHIMAYA S.C TEL
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  • SINGAPORE news
    • 519 9 Deemed most suitable candidate because of his Capita Land stint JUST four months ago, Hiew Yoon Khong left Capita Land as CEO of its commercial and financial divisions to join his "family business". He has since resurfaced at Temasek Holdings and will
      FILE PHOTO  -  519 words
    • NEWSRoundup
      • 88 9 CITY Developments yesterday said it appointed Tuas Power to supply electricity for nine of its commercial buildings, a move which will result in some $300,000 savings for its tenants. The contract, which takes effect from this month, covers Republic Plaza, Palais Renaissance, New Tech Park,
        88 words
      • 95 9 SINGAPORE is almost fully compliant with the Financial Action Task Force's eight special recommendations issued in June that are aimed at cracking down on terror funds and money laundering. A Monetary Authority of Singapore official yesterday said discussions are continuing with the private sector on
        95 words
      • 65 9 THE impact of Sars seems to be fading, with the latest flash estimates by the Singapore Tourism Board forecasting July visitor arrivals at 512,500. On a seasonally adjusted basis, that represents an increase of 43 per cent from June. Overseas arrivals plunged to the lowest level
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    • 331 10  -  $17.5 m written off as rising unemployment takes toll Byl Andrea Tan BANKERS had a month of respite in May when credit card bad debts eased from April's record high of $15.6 million. The relief proved short-lived as the amount of
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    • 387 10  -  EYE OM THE ECONOMY Apart from S'pore and Korea, rest of Asia-Pac will see growth, it says By Joyce Koh WHILE the rest of the Asia-Pacific region should see retail sales grow year on year in the second half, Singapore and South
      FILE PHOTO  -  387 words

  • Article, Illustration
    1090 10 Transaction date: Jul 31 mTERBAMK CROSS RATES AS C$ Ihnfc Euro HKS H>i ts fcghfc Von Won KM 112$ Pak Is Peso S$ biK Sfr iT$ Baht Pond US$ Australia 0.915 5.415 0376 5.089 30.107 55.295 0.784 7.698 2.479 1.121 37.692 35.709 1148 4.869 0.891 22.444 27J74 0.405 0.652
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  • 1559 10 SICOM FUTURES Jul 31 RUBBER futons (Closing pita) RSSKScentsAg) Close VbIOT! Opt* Month Hjgh Lot Sett (town) Interest Aug 03 179.75 Sep 03 175.75 Oct 03 T7400 Nov 03 ***** RSS3(UScmtsA«) Volume Open Month Mid Lot Sett (tomes) Merest Aug 03 102.00 100.00 100.00 875 1450 Sep 03 102.50
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  • REGIONAL news
    • 547 11 BEIJING The move may also pacify trading partners angry over fixed yuan peg Reuters CHINA may cut export tax rebates to ease upward pressure on its currency and soothe trading partners angry over what they say is an unfair advantage given
      Reuters  -  547 words
    • NOTEBook
      • 87 11 Bloomberg [JAKARTA] PT Bank Danamon and PT Bank Niaga, which the Indonesian government sold to foreign investors, reported a surge in first-half profit as declining interest rates reduced funding costs and bolstered demand for loans. Danamon's net income rose 50 per cent to 614.8
        Bloomberg  -  87 words
      • 89 11 AFP [KUALA LUMPUR] State-owned Telekom Malaysia may lose its fixed-line monopoly as regulators consider opening its network to rivals to liberalise the sector and speed up the development of broadband services, the New Straits Times said yesterday. The Malaysian Communications and Multimedia Commission wants Telekom
        AFP  -  89 words
      • 74 11 Bloomberg [JAKARTA] PT Telekomunikasi Indonesia said profit in the first half rose 13 per cent as it made more money from its fixed-line and cellular services. Profit rose to 3.78 trillion rupiah (***** million), or 375.4 rupiah a share, from 3.36 trillion rupiah, or
        Bloomberg  -  74 words
      • 68 11 AFP [HONG KONG] Hong Kong will maintain a freeze on new government-built housing in a bid to prop up the sagging property market and introduce more supportive measures in October, Secretary for Housing Michael Suen said yesterday. Mr Suen said the government intends to
        AFP  -  68 words
      • 86 11 Xinhua [BEIJING] The Union Bank of Switzerland (ÜBS) plans to open a branch in Beijing, which will be also its first branch in China. Leon Brittan, executive chairman of ÜBS Investment Bank and former vice-president of European Union Commission, made the announcement in Beijing
        Xinhua  -  86 words
    • 291 11 MANILA Reuters Bloomberg THE Philippine peso rounded out its biggest monthly decline in two years as President Gloria Arroyo signalled there may be more revolts against the government after a failed mutiny by military officers on Sunday. The peso fell 2.3 per cent
      Reuters; Bloomberg; AFP FILE PHOTO  -  291 words
    • 368 11  -  From Eddie Toh in Kuala Lumpur THE Malaysian stock market was unimpressed by the government's move to partially scrap the bumiputra requirement for listed companies. The Kuala Lumpur Composite Index eased 1.60 points to 719.11 points yesterday. Analysts welcomed International Trade
      368 words
    • 213 11 HONGKONG Reuters DID Henry Tang's mum spill the beans on the biggest mystery in town? Weeks of fervid speculation about who will become Hong Kong's next financial secretary zeroed in on the 50-year-old commerce secretary yesterday after several newspapers quoted
      Reuters  -  213 words
  • Page 11 Advertisements
    • 27 11 1 we DEMAND SUPPLY Make us an offer we can't resist. Seeking tenders? Call 1800-*****22 or email: notices@sph.com.sg to book your Notices advertisement in our newspapers now.
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    • 588 11 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF HUNG HUAT (INVESTMENT) PTE LTD (Members' Voluntary Winding-Up} NOTICE IS HEREBY GIVEN that the creditors of the above company, which is being voluntarily wound up. are required on or before the Ist September 2003 to send
      588 words
    • 622 11 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GAP TECHNOLOGIES PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) At the respective Extraordinary General Meetings of the obovenomed Company held on 1 August 2003 at 9 00 am. the following resolutions were dufy passed SPECIAL RESOLUTION
      622 words
    • 1020 11 A Links Island Holdings Limited EFFECTIVE DATE OF CAPITAL REDUCTION Further to the MASNET announcement released on 11 July 2003 by Links Island Holdings Landed ("Company") the Board of Dractors of the Company ts pleased to announce that following the grant at the order of the High Court of Singapore
      1,020 words

  • 6 12 Transaction date: Jul 31
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  • 5 12 Transaction date: Jul 31
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  • 779 12 Transaction date: Jul 31 ■rt— ®55_®EP UMnft 0.43 1.020 -0020 NatStMl 50c 0 55 2.710 «0020 CK 0.59 5.550 *0300 OCBC 9.71 ***** -OJOO CMlNUMri 1.17 1-370 -0030 OUf 055 7.150 -0.250 OmtSmtOmttk 140 1490 4M P«1u—»H25c 0.47 0435 Ohf OavSDc 1 J* 4.740 -0020 f*opte j food MK50c
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  • 542 12 BONDS WARRANTS PiW Enity Lad M Com liar Mk Gaar- Mhi Cl«pii| 5H *W- <1881 I— U» AST1W*****1 C 1 16 7 3.42 11 Aoma Ltd *M>***** 1 1 50 364 11.00 16 Amtefc W*****0 «1 -1 65 1 33 1 140 23 Armstrong VW***** 4 unch 11 1 10
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  • Page 12 Advertisements

  • WORLD news
    • 398 13  -  Revamp charges at consumer electronics unit to be decided in Q3 By'- Raju Chellam [SINGAPORE] In a bid to boost operating margins and contain costs, European electronics giant Royal Philips Electronics NV said it plans to slash costs by 400 million euro (SsBoo
      398 words
    • 435 13 WASHINGTON NYT ONE year after President Bush signed landmark legislation to clean up corporations, the law's chief enforcer says two more reforms are needed: restraining executive pay and counting stock options as expenses. William Donaldson, chairman of the Securities and Exchange Commission, recommended
      NYT  -  435 words
    • WORLDWatch
      • 76 13 Bloomberg [TOKYO] Nomura Holdings, Japan's largest securities firm by capital, said profit rose almost five-fold during the April-June quarter, boosted by fixed-income trading as it sold a record US$B.l billion of foreign-currency bonds to individuals. Net income in the three months ended June 30 rose
        Bloomberg  -  76 words
      • 85 13 Reuters [PHILADELPHIA] The US Bankruptcy Court for the Southern District of New York ordered Citigroup Inc to release documents about its investment banking relationship with World Com. Richard Thornburgh, an independent examiner appointed by the court, requested the documents to aid his investigation into
        Reuters  -  85 words
      • 59 13 AP [FRANKFURT] The European Central Bank's governing council yesterday approved the nomination of Bank of France governor Jean-Claude Trichet to succeed Wim Duisenberg as the bank's president. Mr Trichet serves as one of the council's 18 members. The nomination now goes to the European
        AP  -  59 words
      • 77 13 LAT-WP [WASHINGTON] The Securities and Exchange Commission is investigating whether America Online Inc improperly inflated its subscriber count through questionable practices ranging from the inclusion of hundreds of thousands of non-paying customers on its membership rolls to the use of deeply discounted "bulk sales", sources
        LAT-WP  -  77 words
    • 251 13 LONDON Reuters THE investment banking divisions of Deutsche Bank and BNP Paribas, two of Europe's biggest banks, posted an increase in profits yesterday, helped by gains in income from their equity departments. Deutsche Bank returned to profit in the second quarter after
      Reuters  -  251 words
    • 356 13 LONDON Bloomberg LONDON'S Waldorf Hotel, whose guests have included film stars Laurence Olivier and Vivien Leigh, and the Grosvenor Hotel were placed in receivership yesterday after operator Le Meridien Hotels failed to keep up with rental payments. The 303-room Waldorf, built in 1908 and decorated in
      Bloomberg  -  356 words
    • 315 13 LONDON Bnt latest data show uphill struggle still ahead Reuters THE eurozone economy has already started to recover, top economic think tank the OECD said yesterday. But the latest figures also suggest there is still some way to go before activity picks up significantly.
      Reuters  -  315 words
    • 253 13 Reuters (NEW YORK] Former New York City mayor Rudolph Giuliani, who was hailed as a hero for his response to the Sept 11 attacks, yesterday announced a new investment fund with Bear Stearns Cos Inc that will invest in the burgeoning security industry. Mr
      Reuters; REUTERS  -  253 words
  • Page 13 Advertisements
    • 100 13 11/U AMA j» n Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... 4Treats mm It's hot and spicy 3 favourites from jfl n Szechuan in our a la carte buffet. W Choose from over 40 dishes specially jdHN» prepared for this |V Available for dinner on
      100 words
    • 83 13 _/Special Lunch E7 $5.80 Nett Per Item V With FRtE Choice o» One Coffee/Tea/Soft Drink* or Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese Mutton Stew Sauteed Chicken with Chinese Sausage It's All Day Mut#s4.oo nett each Jug@Sls.oo nett each 44
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    • 93 13 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 pomdge, we offer a range of sweet savory local favourites. Available on Mondays to
      93 words
    • 86 13 Brought live all the way from Down Under and cooked only upon order are the choicest Australian Dais Lels. Have ycx* crab fried with white pepper or stuffed and baked with seafood ($5.50 per 100 gms) and eel ($8 per lOOgms) either barbequed in honey sauce or braised In a
      86 words
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  • 6 14 Transaction date: Jul 31
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  • Swiss national Day
    • 1018 15  -  Brain power has been behind Switzerland's unique success story, its envoy tells Daniel Buenas Daniel Buenas EARLIER this year, a small landlocked country in Europe did something incredible. For the first time in 152 years, sailing's grandest prize, the America's Cup, was brought to Europe by
      CHRIS LOH  -  1,018 words
    • 716 15 Despite several problems, confidence in them remains high Reuters [GENEVA] Battered and bruised by falling markets, attacks on bank secrecy, tax amnesties and threats from up-and-coming financial centres, many observers predicted the end of the road for Switzerland as a model of wealth management.
      Reuters; FILE PHOTO  -  716 words
    • 1072 16  -  Several top Swiss companies have a major presence in S'pore, with some going as far back; as 1912, reports Daniel Buenas Daniel Buenas SWITZERLAND was the fourth-biggest foreign direct investor in Singapore in 2000 with $15.67 billion, according to the Year Book of Statistics Singapore
      FILE PHOTO; ARTHUR LEE  -  1,072 words
  • Page 15 Advertisements
    • 247 15 The innovative BRUDERER range includes the state-of-the-art BSTA series of high performance automatic punching presses, with press forces of 180 to 1600 kN and nni if%rnm speeds of up to 2000 spm. MadG DV BRUDERER" Presses that have brought wi iwvw im BRUDERER world fame made for the future! with
      247 words

  • Page 16 Advertisements
    • 99 16 Q^Bhvau^D <7 Urpuft \7n v 4 Conaratulations to MANTFATTVRE DC MAITE HOftLOGCBIF Switzerland on her 712 th National Day V- Leon HATOT TMe SWATCH GROUP t O OMEGA ">• oK|»aicbci con 1 T RADO SWITZERLAND > DC TIM PS DEPI'IJ ffmy m •Breguet "Le R6veil Du Tsar" .at*. JMl_ New
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  • Page 17 Advertisements
    • 179 17 W M V 4| W-' JaM V -3L \v TL ?X\ v jN ao u9 Vo V\\ 100 YEARS OF EXCLUSIVE TIES t<' t 4' i December 17th 1903/10:35 hours, Kitty Hawk (North Carolina). The i .^H Wright brothers accomplish the first flight of a heavier-than-air powered craft. The feat
      179 words

  • EXECUTIVE WOMAN
    • 560 18 Need some hydration for your skin? Here's a selection: I mrowi't Hydra Zoa Adv—cid Di <tiSMlng Moisturising Croam ($77/50 ml) is targeted mainly at 30- to 40-year-olds and claims to have new, highperforming ingredients that provide skin with optimal hydration for more than 12 hours. Well-absorbed by
      CHRIS LOH  -  560 words
    • 701 18  -  This month, corimmb kerk looks at diy skin and what you can do to give it much needed hydration. Next month, shell focus on ageing skin and some beauly remedies for it CORINNE KERK IN Singapore, where many executives spend long hours in air-conditioned offices
      701 words
  • Page 18 Advertisements
    • 946 18 j HYDRATING FEATURE BY CLINIQUE 1 Dehydrated skin gets. j Drenched YOU'VE it before. When you wake up in the morning, when you're in a planer in your air-conditioned n r office, or even after a great game of golf. Your skin feels so tight and dry, it's screaming for
      946 words

  • PERSPECTIVE/COVER STORY
  • Page 19 Advertisements
    • 226 19 Jfijr i S f( SNGATOAE jjd« *M, Let A Little Musk Into Your Life VICTORIA CONCERT HALL PRESENTS SSO CHAMBER ENSEMBLE SERIES 2M3 17 AUGUST 2003 SPM VICTORIA CONCERT HALL IS IT MUSIC?: A JOHN CAGE RETROSPECTIVE Prepared and performed by Jonathan Fax and featuring SSO percussionists and friends. J
      226 words
    • 973 19 tr S~\ CEI CONTRACT MANUFACTURING LIMITED ,^7l ANNOUNCEMENT RESULTS-FINANCIAL YEAR 2D03 The unaudited results of the Group and of the company for the financial half year ended 30 June 2003 are as follows: GROUP 2003 2002 +/M $'000 $'000 Turnover 20,088 22,265 (9.8) Other income (including interest income) 216 263
      973 words
  • Page 19 Miscellaneous
    • 173 19 CRYPTIC CROSSWORD lfulma (9) Across: 1 Ashen, 4 Adequate, 29 n«t a r«. 13 Spiritual guide's cheese 10 Terrain, 11 Skipper, 12 Eyes, DOWN to execute posh bloke (6,3) tnresnow, iy Make a Don kx it, 2 Verv neartv clear the charap 16 Socrates managed to cross 22 Dumb, 23
      173 words

  • EXECUTIVE Lifestyle
    • 1736 20  -  With two Asian-themed musicals opening in the next two months, parvathx natar takes a closer look at where the genre is headed in Singapore and beyond PARVATHI NAYAR Will the sound of music now be Asian? An exciting idea, as the Asian musical waits in the wings of
      JENNIFER CHUA  -  1,736 words
    • 610 20  -  By Parvathi Nayar "Rehearsals are going so frighteningly well, something must be wrong!" says actor/musician Welly Yang, and his enthusiasm travels down the phone wires from Seattle. Yang is talking about rehearsals for Ang Lee's The Wedding Banquet The Musical, coming to
      610 words

  • SHIPPING TIMES
    • 266 21 Reuters THE Baltic Dry Index fell 11 points to 2186, the Baltic Capesize Index rose 9 points to 2906, the Baltic Panamax Index fell 43 points to 2115 and the Baltic Handymax Index rose 4 points to *****. Kerkis (built 1982) *****2 dwt delivery Beilun 28 July/3 August
      Reuters  -  266 words
    • 269 21 MX *000 ■MM S$ ttt CWT Distribution 0.57 0.01 54 ChuanHup 0.44 unch 1641 CH Offshore 0J0 -0.01 3376 Cosco Investment _0.37 0.01 5597 Freight Links 0.07 -O.OI 80 G8 Holdings 0.77 0.01 26 Jaya Ho'dtngs 0.44 0.02 8805 Keppel Corp 5.05 -0.20 4497 K1 Venture 0.21 unch
      269 words
    • 465 21  -  Customer Smedvig loses long-running case against ExxonMobil over Keppel-bnilt oil rig By Beth Jinks [SINGAPORE] Singapore's offshore marine giant Keppel Fels could face a U5544.3 million lawsuit from a Norwegian customer, which yesterday lost a verdict in a long-running case against ExxonMobil Corp. Norwegian
      FILE PHOTO  -  465 words
    • 384 21  -  US inspectors will be stationed at Shanghai, Shenzhen ports -By Beth Jinks [SINGAPORE] China has become the latest country to formally agree to participate in the US Customs' Container Security Initiative (CSI), agreeing to allow US inspectors to help screen US-bound containers at Shanghai
      AP  -  384 words
    • 576 21 IMO committee session at year-end to consider EU proposals on oil tankers [SINGAPORE] An extra session of the International Maritime Organisation's (IMO) environment committee will be convened this December for further discussion and likely adoption of an accelerated phase-out
      FILE PHOTO  -  576 words
    • 201 21 Bernama [IPOH] The Royal Malaysia Police and their Indonesian counterparts have pledged to further cooperate in efforts to reduce piracy and other criminal activities in the northern zone of the Straits of Malacca. The two police forces said this during a meeting
      Bernama  -  201 words
    • 778 22  -  ADMIRALTY CASEBOOK That their lawyers have forgotten to renew it is not a good reason for allowing extension: HK High Court -By Selva Kumar THE inadvertent failure by lawyers acting for a group of plaintiff cargo owners to renew a writ against a
      778 words
    • AVIATION news
      • 97 22 [ROCHESTER, Britain] The Eurostar train speeding along a new section of the Channel Rail Link near Rochester, Kent, 64 km east of London. The train reached a top speed 0f334.7kmh, a new speed record for a train in the UK. The 14-carriage, 600-ton train was travelling on
        AFP  -  97 words
      • 80 22 AFP [DUESSELDORF, Germany! German airline LTU will begin Europe's first direct flights to the Afghan capital Kabul on Aug 5, the company said in a statement. LTU said an Airbus 330-200 passenger jet, with a seating capacity of around 320, would leave the western
        AFP  -  80 words
    • 3 22
      3 words
    • 3 27 theßusinesstimes
      3 words
    • SHIPS IN PORT
      • 649 29 Vmel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ALVA STAR N10E J17 A/SIDE 01/08 1800 E LINK 3 2304 J4 A/SIDE 01/08 0630 FURNESSAUST 550 J16/17 A/SIDE 01/08 1400 KIMTRANSMEGA 025 J19 A/SIDE 01/08 0400 MERAK 11 J5 A/SIDE 01/08 2300 MMM BELINDA 0309 J7/8 A/SIDE 01/08
        649 words
      • 2 29
        2 words
      • 142 29 Angl China: Founding Chi PLA. Ang 4 Australia: Picnic Day. U Kingdom: Summer Hoi. Aug 12 Thailand: Queen's Birthday. Aug 15 France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Anf 17 Indonesia: Indepen Day. Anf 24 UKingdom: Summer Holiday. An* 31 Malaysia: National Day. Philippines: Nat
        142 words
      • 817 29 THIS report, compiled by Cockett Ma rine 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        817 words
      • 521 29 Carton 180 Mm 991.7 O.i 16.2 0.08 69 0.06 M (7 Density Water Residue AilUUumlnMMi Sediment No above E25 2 0 4 0 0 0 380 Ave 985.6 0J 15.3 0.05 19 0.02 Cum 380 Mai 99L1 3.0 17.8 0.09 57 0.08 «WW3 »m/m —m* Wo
        521 words
    • AIR & LAND transport
      • 497 30 Pact involves 3% pay rise; use of swipe cards; flexible rostering Reuters [LONDON] British Airways and 'trade unions reached agreement on Wednesday to end a costly labour dispute, 12 days after a wildcat strike at Heathrow airport forced the airline to scrap more than
        Reuters  -  497 words
      • 262 30 AFP [BEIJING] China Eastern Airlines said it had taken delivery of the first of five A 340-600 jets, shrugging off the impact of Sars which had threatened to delay the order. The airline said another two A340-600S and seven A32os will join its
        AFP  -  262 words
      • 288 30 TERRORIST THREAT AFP [WASHINGTON] All of the nation's air marshals have been deployed to protect airline flights from terrorist threats, Homeland Security Secretary Tom Ridge said on Wednesday. The announcement comes one day after US officials warned Americans at home
        AFP  -  288 words
      • 116 30 Xinhua [WELLINGTON] Air New Zealand has introduced new security measures on some international flights after a terror alert from the United States. Corporate Communications Manager Mike Tod said in a statement yesterday that passengers on flights to the US might notice a difference in
        Xinhua  -  116 words
      • 344 30 They could use them to carry out attacks on US east coast or Europe Bloomberg [CANBERRA] Terrorists may target Australian aircraft to hijack and use for attacks on the US east coast or Europe, Australian Foreign Minister Alexander Downer said. "We had some information
        Bloomberg  -  344 words
      • 153 30 Bloomberg [LONDON] Rolls-Royce, the world's second-largest air-craft-engine maker, said first-half profit more than doubled as the company cut costs and provided more spare parts and repairs. Net income rose to £34 million (5596.5 million), or 2.08 pence a share, from £16 million, or 0.98p, in
        Bloomberg  -  153 words
      • 374 30 Seats in its 100 aircraft 70-75% full in July, up from less than 50% in May Reuters [KUALA LUMPUR] Malaysian Airline System (MAS) plans to hire 800 cabin crew and may add planes as part of its Asian expansion drive, even as
        Reuters  -  374 words
      • 348 30 Access to Switzerland could be hit if carrier collapses, he says Reuters [ZURICH] The chairman of one of Swiss International Air Lines' key investors has called for Swiss government support as the battered airline steps up the search at home and abroad
        Reuters  -  348 words
      • 386 30 AIRLINE COOES AA Amenan Artnes (AALJ.Af to Fran (AfR). A) to Into (MC) AY Fmar Oy (F9I). AZ AM** Artnes (AZA) BA Brtsti Annoys PUbtc Ltd Co (BAM BG Bmai Bingooesh Mns (BBC) Bl Roy* Bnm Artnes Sdn Slid (RBAj. BO Bono Artnes (BOU) BR EVA
        386 words
  • Page 21 Advertisements
    • 25 21 f unions end costly j labour ISflpti j:ilisputsB§tli i 1 Malaysia Air seeks 800 cabin staff Ciedtt Suisse chief uiges govt aid for Swiss BACKPAGE
      25 words
    • 7 21 Keppel Corp results, Main Paper, Company news
      7 words
    • 105 21 222Et5£2L SINGAPORE (PORT KELANG) COLOMBO SINGAPORE (PORT KELANG) KARACHI COLOMBO KARACHI NOTICE TO TRADE RATE RESTORATION The following feeder operators in the Colombo and Karachi trade wish to inform all MLOs that with effect from 15 August 2003, the following minimum rate shall apply for all SOC shipments (A) Singapore
      105 words

  • Page 22 Advertisements
    • 855 22 I TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I VBSa TOT PUG 1006KAOtjDALLAS|HOUSTON|MMfftS jQOCAGO|KWTOM TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) P&O NBNXOVD SOUIHAMTTON 3501 21*7 30*7 15/01 1»/W 22/ M 20*0 20/W 23*0 ygja VOT ETA SM KG ——ST"| —M STB S AM OOQOMA 44E32 05*0 04*0 I 22/00
      855 words
    • 490 22 Singapore Shipptng Ajsockrtion COHDUMOS/ XftV/ CONVBfTKMAL CARGO ran KunG/satGAratf/iAuitu t mngkok VW CTAPKL ETA SIN ETA MALE Priam* Lih «7« B« K/M l(« Maid Star MIA IXW IVW 24/W UU MARINE SEIIVKES SINGAPORE IW (334 7M4 CSSNMHU Fu: (H47K* SCAN! HART AGENCIES SDN BHD C t TRANSLINDO JAKARTA TELW-MO-WW Kl«S*m«W
      490 words

  • Page 23 Advertisements
    • 1328 23 TO EUROPE FROM EUROPE lyraa Ivqy sw at m> anr ham wv sou B Ifrasa Ivor rbi hno wv sou ail HYUNDAI FORTUNE 314W 04/04 22/01 24/01 24/0* 20/01 HTIfOM QONRDBKI 3821 12/07 IS/V 17/07 10/0702/01 Aft INOU 109W07/01 27/ M 29/0125/01 K&SOUMON 01* 1 J/07 17/07 11/07 20/07 OS/OO
      1,328 words
    • 1345 23 inun oil soma mm sMMmtTOßUasufuratriw SSvSmimSiMii ~WK WJtUIjMOTS M SMAFOt(: MMMBMMOI2-M SAUS/OK6S TIL 442ft$0S7/41 FAX: *****121/24 I 2555 COSTM SNIPflNfi Wl LTD SJS2L 2222 IK" I CO*fIiiTZA(ROMANIA) 23MTS O MO: *****09M00M (MM N£A*D|D *****704 B T/SMPDff *****12S 42M5114/44 I MNorsomo: cwmtmaai mmmm t?2»??oi I EVEXTTUESMfSAUKS tOSIM KBKJB mSMIW TILIMSMIAA HUfcIMSMITO
      1,345 words
    • 501 23 rasa vot s»w jkt stit hkg usw wis iwc HTUmUIBOg QMS 14/11VI114/1 15/1 l|/12M28/I IMTCSHSAWIE 310S V» 4/1 7/1 13/1 IVI 17/1 23/1 HTwaywiwosTw ins [13/1 it/i ti/i n/> ?vi p/i ?7/> 1 utcuuta 311s io/» 13/8 iv» 20/1 n/i 2</i 30/1 Iwr rtoGgss jotsspo/i|n/»|a/»lw/i| i/J|r>| yi |3t» \m 20/1
      501 words

  • Page 24 Advertisements
    • 690 24 RTI MCI II A O EMOOHIKS/BOOKmO#: •*****44 FAX: *****433 E-MAIL: tfalmM#d«imas.c«m.ag UCLIYIAO oocuM»(TATio»isrt»wuno»«: «35»3«37 wut: *33«0i77 M .M« MKT u». mti. nwa COW*l SaWKI TO MW/ttBT WKt IVISSfI VOT SIM UWttA POWfll NOMt MITAM 1 UMtfVHU TWOW MOJMj THM 10WI Pl— jCQTONOU jUCOS IOOUttTj (Mow K«He<i 33JW 01/W 72/01 23/01
      690 words
    • 1320 24 WAN HAJ NTKNATIONAL PTE LID a «14*5******/1 V?.A uiiu Mil m TH:6226ISM (MUMS) FAX; *****163 W\WAN HAI LINES V ««:IW)7SWmiU:»7THI»»7I M*|UI}D»S47SHULini) JJ»7714/X»I*S i.i KvninMiniu: mi) s2Mmn«a: mat/mm nimtn ""•"—'•"■•I ■M- MO 4157M3 at MP 41MHS/4MHW ku wk mi n KiwtMS no mm nw mo m Iwnsra i m wn" witt
      1,320 words
    • 597 24 BSA x MYANMA pB FIVE STAR UNE (Mymot NatiMMl Um) LmmAm| for Tn ll vtssa vor sm p*l m pgu PAGAN 30*W SU HPA-AN 307W $10 M MALAYSIA: OOUSTtAO SHIPPING AGfNOES KUL 03-*****300 Ml: 03-317M101 PtN: 04-2****** BANK LINE (A OT*h> ol kmintw W* SMpptet) NOItTHtOUNP TO lUKOPI V CONIMNBt,
      597 words

  • Page 25 Advertisements
    • 1169 25 IRISL, G®ij*ufs) Qfhst&mjlh (MM fetefes/ (few* Q® fojfolfjs} ffXsAodQ fa} JPsJlti <33 (33 fts) (§X§» (SGmitfiffifoa ft® Qih® {fajstiosO Qcpgimft) Qfasm* AGENT IN SINGAPORE AGENT M MALAYSIA AGENT IN INOONESIA SMOSE MAMTNE PTE LTD CR N0 **********0H BOUSTEAD SHIPPING AGENCIES SON. BHD. PT. SINOSE CONTI PERSADA TEL: *****144 FAX: *****181
      1,169 words
    • 569 25 4 k UK CONTINENT SERVICE Loadngfor THOR LOTUS RTM/ATW/BMN/UK/NAN ZEYNEP KIRAN RDM/ATW/BMN/UK/NAN Loads Singapore. E7W Malaysia Indonesa MIDDLE-EAST SERVICE Loading for PAN BRIGHT ADN/HDO/JDH/AQA LOK LAJESHWARI ADN/HDO/JDH/AQA J. FRIEND DBl/ABU/DOH/BRN/DMM/KWT LOK PRATAP DBl/ABU/DOH/BRN/DMM/KWT toads Singapore E7W Malaysia. Indonesia USA SERVICE Loadng for QUI GON JINN CAM/NFK/SAV/NOL PAN DYNAMIC VCW/LAX/MZL PACIFIC
      569 words
    • 1236 25 m m tw jnssa ntUMA IOOjB 07/00 03/00 JKJMM nil M/M KM reMNPA Ifiosa o«M Q4/QQ _MtSllll lflU 07 m Mm EAC lANDA 100*N 05/00 OS/M Mt MM J2U 10/00 12/00 mum 15SZ8 Sim o*/o« fxsum 10)3 14/00 i*/oo jmimba IM 07/8 tot/» ■^■^■TVfnvnprarfVMH^H PKOANOA 1009N 09/00 IQ/QQ lOifiM— n/oo
      1,236 words

  • Page 26 Advertisements
    • 550 26 riGtS SHAM 104N 0506/08 1214/06 1120/01 I neasrr iosn 00-ovoo is-17/oe nrm I 1)69 SEA 106N 12 13/01 1* 21/08 24 27/08 I TI6tIBRIDGE IO7N IS 14/08 22 24/08 N 30/08 I TJGaSHAM^^IOON^I*2O/04^^?*2^^ TIGER SPItIT 071 3T0T75l WTO7OB 20 20/08 I DAUAN 431 07-08/08 13-15/08 23-24/01 I JAAMI 701 WIO/W
      550 words
    • 1016 26 FREIGHT LINKS EXPRESS PTkLT»i 51 Penjuru Road, 3 Level, Freight Links Express Loqisticentre. Singapore *****3 Tel: *****511 fax: *****577 E-mail: flesin@singnet.com.sg LCL SERVICE TO CEBU, PHILIPPINES VESSEL APL DUBAI V.012E ETA SIN 04/08/2003 ETA CEBU 23/08/2003 6267# -_JB 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 PROJECT HEAVY LI FT CARCO (CONVENTIONAL RORO) Lawrence Lim 6267 5555.
      1,016 words
    • 1400 26 LI 111 CO nLiMBi-ian to 02-4221-5272 MMM CKRNB SaVKt IE: 02-6221-SS94 ML 02-4227-0190 swGtfotfcTOMGJOOSwmMGrniiP IW i WWWSI 1147 05/00 CBWIB 3047|04/0« HCHOHym 3031 05/00 S.NAMMN MMIM/mlptuf m lt o|/M >7/M lUNU MAS S mi M/M GISING 3039 06/00 S.r*IUAMC *27 07/00 ONOCK 3071 17/01 GO HONG GH3ION 00/04 IS/01 OUNGANAS
      1,400 words



  • Page 29 Miscellaneous
    • 122 29 1 Tr Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day One full fleche represents 10 knots x Hazy A -One solid triangle represents 50
      122 words