The Business Times, 13 August 2003

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Total Pages: 26
1 26 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 024/03/2003 Internet: http: /business-times.asial .com.sg SINGAPORE WEDNESDAY, AUGUST 13, 2003 85*
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  • 836 1  -  Its more rational' pricing expected to be followed by other banks as interbank rates head upwards By Wong Wei Kong [SINGAPORE] The cutthroat home loans war looks to be ending, with OCBC's move to price loans more rationally and other lenders
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  • 71 1 sn 1,563.63 (+10.04) ST MDEX FUTURES (+17.00) SMMSCI FUTURES 192.00 (+0.80) Tuesday Change KLSECOMP 724il -162 NIKKEI 225 9,564.81 +77.01 HANG SENG __10.IK4.17 +906:} SET INDEX Closed JAKARTA COMP _506.42 +1.58 MANILA COMP .1,247.98 +953 TAIPEI WPI *****4 +40.64 SEOUL COMP 701,10 -318 SHENZHEN B 234.09 +1.05 AIJST ALL
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  • 75 1 FOREX RATES US$ S$ l'S$ (SS per l!S$) 1.756 S(ISS/SS per 1608 i824 ETRO(i;SS/SS/E) 1.136 1.996 YEN 118.6 67.50 RM *800 lift) HKS 7.799 4.440 BAHT 4I.NO 23.80 Rl'PIAH 8J»28 4,855 RENMINBI 8199 4725 INDIAN Rl'PEE._. 45.91 2614 AS 1.517 0.864 NZS 1.697 0.966 PRIME RATES SINGAPORE* 535 MALAYSIA
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  • 564 1  -  Airlines may be breaching global pact: Natas parent By Vince Chong [SINGAPORE] Travel agents say they are sick of working for no pay and have lost more than $100 million over the past few years as airlines stopped paying them regular commissions. With agency
    REUTERS  -  564 words
  • 585 1  -  57,000 computers worldwide infected in just a few hours By Raju Chellam [SINGAPORE] There's a new "worm" out in cyberspace that can hijack your computer and use it to send huge amounts of spam directly to Microsoft Corp's website. The worm infected at
    Source: Cart Corporation  -  585 words
  • Page 1 Advertisements
    • 119 1 ||C wwVVICYI W2j Will Uv MIA* MUSmmO interest rates swing: Will the US central bank cut interest rates or keep them steady? To find out, log on to httpy/business-time&asial.conLBg Hock Lock Slew: CPF re-tuning, rate hikes dash developers' hopes, Pg 4 •Aeturnson the MSd AC Far East ex Japan index
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  • NEXT page
    • ON THE grapevine
      • 151 2 MALAYSIAN film censors have ruled that the Hollywood comedy, Bruce Almighty, can play after all in the mostly Muslim country's cinemas despite objections firom the religious affairs minister, its distributor said. "They viewed it from every angle and found it was a typical Jim Carrey comedy, with nothing
        151 words
      • 223 2 WHEN there's a full moon, you may want to leave your car behind. Contradicting dozens of studies finding no relationship between lunar phases and human behaviour, the Churchill Insurance Group pic claims to have found a statistical link in its database of
        223 words
      • 138 2 FRESH from completing an Asian tour, Real Madrid is now hoping to cash in on a huge fan base in Thailand with plans to launch a cable television programme there, a souvenir store, a theme cafe and more. The star-studded club's popularity in Thailand and the rest of
        138 words
    • 430 2  -  It backs further paring that may arise from returning union chief By Chuang Peck Ming [SINGAPORE] Hie labour movement will back a cut in Central Provident Fund contribution rates if a retuning of the CPF system calls for it a shift
      430 words
    • 465 2 New law will also discourage posting of foreign technicians to India: analysts {BOMBAY] Expatriate Indians could be deterred from returning under a new tax law that critics say may also stem the flow of foreign technicians and managers to India's vibrant call
      465 words
  • Page 2 Advertisements
    • 499 2 Bahamas Belize British Virgin Islands Cayman I Islands' Jersey Mauritius'Samoa'Seychelles I CaO toll-free 1800 289 8822 tkes#sphx^^^^ WBL CORPORATION LIMITED (Incorporated in the Republic of Singapore) LOST STOCK CERTIFICATE The following stock certificates have been reported lost or destroyed: Cgltiftate Nfr In th» «f stock of SSI.OO each ***** Tan
      499 words
    • 750 2 —tefaipii mm MAE ENGINEERING LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of the Company will be held at the Boardroom, 150 Kampong Ampat #01-01 KA Centre Singapore *****4 on 28 August 2003 at 10.30 а.m. to
      750 words
    • 246 2 HH i""\ jfli Awarded by Curtin University of Technology SCHOOL OF FINANCIAL SERVICES RISK MANAGEMENT Graduate Certificate in Finance The GCFin is a specialised professional 4-unit finance course that is I designed to provide students with extensive working experience with knowledqe and anlaytical skills in finance. OOUBLf Bachelor of Commerce
      246 words

  • SINGAPORE companies
    • 556 3  -  Path cleared for securitisation with Ergo. DBS Bank handling deal: sources By Kalpana Rashiwala TAKASHIMAYA'S fully-owned property unit Toshin Development has written to Metro saying it will not be pursuing the latter's 27 per cent stake in Ngee Ann City mall. The
      556 words
    • 457 3  -  By Ven Sreenivasan ANALYSTS are taking a hard look at the potential impact on Singapore Airlines as ValuAir gears up to launch Singapore's first low-cost carrier. And at least one international research house has downgraded SIA stock. While acknowledging that ValuAir
      DESMOND WEE/ST  -  457 words
    • 369 3  -  By Andrea Tan YESTERDAY didn't turn out to be an auspicious day for Singapore's first offshore real estate investment trust if first-day trading performance was anything to go by. Hong Kong billionaire Li Ka-shing's mainboardlisted Fortune Reit closed underwater at HK54.65 or 2.1
      369 words
    • COMPANYBriefs
      • 78 3 MAINBOARD-LISTED WBL Corp yesterday said subsidiary United Wearnes Technology (UWT) has sold 30 million shares in Sesdaq-listed MFS Technology at 65 cents each in a married deal. The deal, which reduced WBL's effective interest in MFS to 56.01 per cent from 60.16 per
        78 words
      • 37 3 IMPROVED operational efficiency at metal components manufacturer Seksun Corp gave it an 8.5 percent increase in net profit to $4.28 million forQ2. Turnover was $31.8 million, a fall of 32.5 per cent.
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      • 34 3 SESDAQ-LISTED Darco Water Technologies has won an $11.9 million contract to treat pesticide-contaminated soil in Taiwan. The project is expected to be completed by the first half 0f2005.
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      • 54 3 MAINBOARD-LISTED PSC Corporation has posted first-half net profit of $2.9 million, down from $4.8 million. Interim turnover was $72.6 million, against $77.1 million previously. For Q2 itself, PSC's net earnings were $1.3 million, down from $2.96 million. Q2 turnover fell about 10 per
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      • 39 3 EASTERN Asia Technology Limited said its wholly-owned subsidiary, Eastern Asia Technology (HK) Limited (EAH), has signed a HK$36O million (SsBl million) syndicated loan in Hong Kong with 15 banks led by DBS Bank Ltd.
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      • 46 3 VIBROPOWER Corporation, one of the region's leading specialists in power needs, has returned to the black. Net profit for HI was $727,000 compared with a loss of $357,000 a year ago. Turnover was $21.6 million, up from $7.9 million.
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      • 46 3 DESPITE a year-on-year decline in Singapore unit sales. Hong Kong-based vehicle distributor Tan Chong International said net earnings rose 31.8 per cent to HK5135.6 million (5530.5 million) for the six months ended June 30. Turnover was marginally up at HK$2.O3 billion.
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    • 399 4  -  They plan to call EGM to seek nod for company to return l0¢ a share By Kenneth Lim A GROUP of minority shareholders of construction group Ipco International have asked their company to pay shareholders 10 cents a share through a capital reduction that will
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    • 453 4  -  HOCK lock siew kalpana rashiwala TWO developments over the past week are likely to dash developers' hopes of raising prices. In fact, it may even force them to pare prices for some of their higher-end projects. First, a statement by the Prime Minister
      453 words
  • Page 3 Advertisements
    • 107 3 Montana pmt.com. sq Driving PtoMur* f II w- ir*- 8 t m mm ii BMW again introduces the superlative to luxury: the BMW 760 Li with the new Vl2 engine. Setting new standard* In automotive technology, performance and comfort, this striking limousine has the site and presence to turn heads
      107 words

  • Page 4 Advertisements
    • 1668 4 Tan Chone International Limited TAOCHOnG tvCv o international (Incorporated in Bermuda with limited liability) INTERIM RESULTS MANAGEMENT REVIEW The Board of Directors (the "Board") of Tan Chong International Limited wishes to announce the following unaudited results ot the The first half of year 2003 was both challenging and rewarding. Company
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    • 330 4 fie part of the Singapore Elite M sm/am Jr^ Corporations I Singapore iooo JL a Singapore sme 500 Ranking Awards Recognizing Singapore's Largest Corporations Small and Medium Enterprises (SMEs) m based on annual audited financial < Ranking Ptriod: 1 April 2002 fo 31 March 2003 Closing Dote: 30 September 2003
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  • Page 5 Advertisements
    • 147 5 F^EVI/X rim hi L) r Iii ii r» Introducing the new 2003 Previa. True luxury isn't about cutting corners. x X U 3 ?003 P r e diifs more < iccommod e H .»<Juits j f I j Pucks. f olks in 'he ist row c,in sup in und ojt
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  • SINGAPORE markets
    • Article, Illustration
      324 6 OTHER SINGAPORE INDICES Aug 12 VALUE CLOSE iTOM» 69XX) +225.00 BTCAM -*****.00 +127.00 »T lO-iaylHA -*****.00 +7.00 Hw 423.29 +2.55 SQfrdM-Ihct 153.27 +2.20 SCEqalb—Fhi 1312.57 +7.13 SQ Pran ***** KSCI Singapore 192.53 +1.26 SMSaFatam 192.00 +0.80 Stocks Votaw Sunningflate 15c 72,988.000 Stngpu 25c 54,077.000 Cosco Inv 20c 41,914,000 MultiVis HK7c
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    • 865 6  -  A longer view CURRENCIES larry wee MANY will remember the heady days of early 2000, when the US stock market was busy scoring successive all-time highs. The Dow peaked at 11,750 in mid-January, and by March that year, the S&P 500 and Nasdaq Composite indices
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    • 747 6  -  BT comment STOCKS r. sivanithy ONE of the more interesting issues to ponder is the current obsession with China plays in the local stock market. Judging by the huge volumes done in these counters, they are certainly popular with local traders. But why? Because they
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  • 48 6 UNIT TRUSTS FUNDS IfGBOtAI prion art indkattvaMnpt for Em *ingg« Awts; ireedhf DtviniM, I Narrowty Focund; S towar Writ Low to Madium RMc ft Madium «o High Rofc. Highar Risk opan-andad. tafora tubdmuon of unta: After •obdivwon of unit* V attar ftodnpttt NA- Won Daaling Pay Hoor rriwssun
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  • SINGAPORE news
    • 447 7  -  They will be launched in S'pore and the Asia region in Q4 this year By Raju Chellam US GIANT Hewlett-Packard Company yesterday launched 158 new products in what could be the single biggest offering of digital products so far. HP said it will spend US$3OO
      AP  -  447 words
    • 247 7 HEWLETT-PACKARD has awarded Nanyang Technological University (NTU) a $250,000 grant to deploy wireless technology on the campus. The grant was awarded under HP's Applied Mobile Technology Solutions in Learning Environment programme. NTU is the only Singapore educational institution to win the grant from
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    • 469 7  -  EYE on the economy outlook Unlike in the past, pick-up in capital spending and job creation will be gradual By Angela Tan SINGAPORE'S latest economic recovery is different, and while the slowdown has ended, a robust pick-up is not yet here, Citigroup's economist Sim
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  • Page 7 Advertisements
    • 434 7 Call toll-free 1800 289 8822 WORLD of SPORTS.com LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Moefingofthe Company w* be held at 10 Changi SoUh Lane. #07-01. OSSIA Building, Singapore *****2 on 29 August 2003 at 3.30 p.m.
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    • 10 7 #t«r I he proper selection Kllllllllj^ dramatically improves the performance.
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  • EDITORIAL & opinion
    • 848 8  -  THE bottom line OPINION william pesek jr Bloomberg THE economies of Brunei, Cambodia, Laos, Myanmar and Vietnam have something intriguing in common: Each produces less annually than the 9 trillion yen (Ssl33 billion) Japan has spent since January weakening the yen The
      Bloomberg  -  848 words
    • 36 8 *We have almost as many products as there are gubernatorial candidates in the California recall election.' -GutyFkarfau Hewlett-Packard's CEO, joking at an event to launch an array of new products from her company.
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    • 623 8 EDITORIAL THE US$500 billion global IT-enabled services industry is currently undergoing a paradigm shift: outsourcing. It is a phenomenon comparable to that which affected global manufacturing from the 1960s onwards. The jargon used is "business process outsourcing", or BPO. The trend towards BPO is
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    • 1265 8  -  Lingering Sars and terrorism fears plus new US transit visa roles are inhibiting transPacific traffic in the usually strong summer months By Edward Wong NYT [SAN FRANCISCO] The disease had run its course, as far as Peter Chu was concerned. Sure, the
      NYT; AFP  -  1,265 words
    • 178 8 What did the Jakarta police know? LAST week's bombing of the JW Marriott Hotel in Jakarta once again exposed a big flaw in the state's intelligence capability to anticipate and prevent a terrorist attack in this country, this time hitting straight at the heart of the nation's
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  • Page 8 Advertisements
    • 33 8 Lianhe Zaobao I What would I I Dr Lien Ying Chow I I like to be I I remembered (or? I I Interview with Laurence Lien, I I governor of Uen Foundation I
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  • Page 8 Miscellaneous
    • 302 8 CBYPTIC CROSSWORD 9 Dependence on Robin's cars, say (8) ■■B -■■JT 11 The most suitable marker ...hebetongsinpn9on(6) ~HH" 16 The existence of some hopeless eccentrics (4) 1111 I I I 17 Living at home, having to ~AH WM scrounge round (5) lH 20 thus goes to the flllV j|V Ifl
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  • REGIONAL news
    • 367 9  -  Cash-rich airline may consider buying an existing carrier, says MD From Eddie Toh in Kuala Lumpur MALAYSIA'S cash-rich national carrier has not discounted the possibility of entering the increasingly popular budget airline business in the region. "We have not discounted such things,"
      367 words
    • 308 9 BANGKOK THE giddy spending that marked Thailand's pre-cri-sis bubble years is back. At a public auction of lucky licence plates on Monday, the country's transport and communications minister paid 4 million baht (S$168,000) for number 9999 more than the price
      308 words
    • 466 9 JAKARTA BLAST Minister confident of reaching this year's 4% target Reuters INDONESIA'S economy will expand 5 per cent in 2004 and can grow 4 per cent this year despite last week's blast at a Jakarta hotel and fears of more attacks, Chief Economics Minister
      Reuters; REUTERS  -  466 words
    • NOTEBook
      • 65 9 AFP [KUALA LUMPUR] Malaysia and Japan are expected to conclude discussions on a free trade agreement (FTA) within a year, Trade Minister Rafidah Aziz said yesterday. Ms Rafidah, who is leading a trade mission to Japan and South Korea, was quoted by Bernama news
        AFP  -  65 words
      • 85 9 AFP [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) plans to drop possible criminal charges against the daughter of former president Suharto over her bank's alleged misuse of a state bailout, a newspaper reported yesterday. Ibra official Taufik Mappaenre Ma'roef, quoted by Bisnis Indonesia, said the
        AFP  -  85 words
      • 94 9 AFP [NEW DELHI] The Indian government could call a map general election as early as November, according to analysts and political sources. One of the key factors which could push the government into bringing forward the poll, scheduled for October next year, is
        AFP  -  94 words
      • 79 9 Reuters [NEW DELHI] A court in Bombay has barred employees of India's Oil and Natural Gas Corp (ONGC) from going on strike, a company spokesman said yesterday. Workers of the state-run firm, angered by the crash of a helicopter carrying colleagues working on rigs off the
        Reuters  -  79 words
      • 81 9 AFP [BEIJING] Tsingtao Brewery Co, China's largest beer maker, has signed an agreement to buy the Chinese stake in Hunan Debier Brewery Co, a Sino-Malaysian joint venture, officials said yesterday. Tsingtao will pay 108 million yuan (5522.8 million) to Changsha Brewery, located in central Hunan
        AFP  -  81 words
      • 89 9 Bloomberg [HONGKONG] China Mobile (HK) Ltd posted a 15 per cent rise in first-half profit, reflecting phone network purchases that catapulted the company ahead of Vodafone Group pic as the world's biggest mobile-phone company by users. Hong Kong-based China Mobile had net income of
        Bloomberg  -  89 words
      • 67 9 AP [TAIPEI] Seeking to attract health-conscious consumers, US soft drink giant Coca-Cola has ventured into Taiwan's growing cold tea beverage market. Coca-Cola began selling two bottled tea drinks on the island this week under the brand of its Taiwan partner Ten Ren Tea, Jason Wu,
        AP  -  67 words
    • 149 9 Bloomberg AFP [JAKARTA] Indonesian prosecutors are seeking a 15-year jail term for Muslim cleric Abu Bakar Bashir, the alleged leader of South-east Asia-based terrorist group Jemaah Islamiyah (JI), on charges of treason and breaking immigration laws. Prosecutors say Bashir plotted to overthrow the government
      Bloomberg; AFP  -  149 words
    • 193 10 BOMBAY Reuters DEUTSCHE Bank Group said on Monday it had launched its equity brokerage in India, becoming one of the first global securities firms to return after a series of closures in the past two years. "There is significant international interest in the equities market
      Reuters  -  193 words
    • 399 10 HONGKONG Territory may save HK$1.5b as provincial governor agrees to study HE'S request Reuters CHINA'S southern province of Guangdong is considering cutting prices for water supplied to Hong Kong, the latest effort by mainland authorities to ease pressure on the territory's weak
      Reuters  -  399 words
    • 255 10 NEW DELHI More firms forced to hire cheaper staff abroad: report Bloomberg ACCENTURE Ltd, Cognizant Technology Solutions Corp and the computer services unit of International Business Machines Corp are increasing their hiring in India to match services and rates offered by local companies,
      Bloomberg  -  255 words
  • Page 9 Advertisements
    • 1226 9 I A, I EC ON® ECON HEALTHCARE LIMITED (Incorporated in The Republic of Singapore) NOTICE IS HEREBY GIVEN that the First Annual General Meeting of the Company will be held at 20 Jalan Afifi, CISCO Centre 11, #04-02/03, Singapore *****9 on Thursday, 28 August 2003 at 10.00 a.m. to transact
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    • 205 9 VIN U M FINE WINE MERCHANTS Annual| 2003 SALE Fri, 15 th Aug V Widest range ever offered 100+ Labels 10+ regions Sat, 23 ,d Aug Additional selection of bin-end items I 50+ Premium labels, all priced to clear O— For more information to receive a copy of the preview
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  • Article, Illustration
    1028 10 Transaction date:Aug 12 IMTKRRAME CROSS RATES AS C$ I— m Mfa »#M> m 1 «Nih Mo ss tm Str T$ Mrt Hm4 USS Antral! 0.911 5.471 0.580 5.142 302*3 ***** 0.712 7.775 2.505 1.H9 39.091 36.106 1.158 4.858 0.894 ***** 27.553 0.410 0.659 Cm* 1098 6.004 0437 5.643 *****
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  • 1488 10 81C0M FUTURES Aug 12 RUBBQ FuturnfOosiaq prim) ISS1 (Scents/kg) CtoM VohMt Open f fi. ■omn hiqh low xn (loows) inxtrf sx S«p 03 WL75 Oct 03 90.00 Ho* 03 179.00 Dec 03 ***** RSS 3 (UScOTsAo) VaiMM Open Mont* Mgfc Lot Sett (tonnes) Merest Sep 03 mH 102.00 102.00
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  • WORLD news
    • 558 11  -  But 0.6% expansion draws mixed response from analysts From Anthony Rowley in Tokyo JAPAN'S economy grew a much stronger-than-expec-ted 0.6 per cent in the second quarter of this year, according to data released yesterday by the Cabinet Office. The expansion equal to 2.3 per cent
      558 words
    • 334 11 NYT [NEW YORK] The AOL Internet service is pushing to delete its name from AOL Time Warner two and a half years after it imposed those same three initials on the biggest media company in the world. When AOL acquired Time
      NYT  -  334 words
    • 367 13 NEW YORK Suit claims US company favoured after it paid over US$15m to minister Bloomberg LUCENT Technologies, the largest US telephone-equip-ment maker, won favourable treatment from Saudi Arabia's telephone agency by paying more than US$l5 million in bribes to the office's minister, a
      Bloomberg  -  367 words
    • 322 13 WASHINGTON Bloomberg MICROSOFT Corp, the world's largest software maker, was told by a jury to pay US$52l million to the University of California and a Chicago-area company which claimed they invented technology used in the Internet Explorer browser. A federal jury in
      Bloomberg  -  322 words
    • 307 13 Lawyers allowed to torn in corporate clients committing fraud LAT-WP [NEW YORK] The American Bar Association's House of Delegates voted on Monday night to loosen confidentiality rules and allow lawyers to turn in corporate clients that are committing fraud. The body approved this exception to
      LAT-WP  -  307 words
  • Page 11 Advertisements
    • 321 11 Questioned by a CEO. berkeley-nus Challenged by a VP. Tested by an MDi Branding 22 Sept 3 Oct 2003 And you thought you had a Apply by 25 Aug 2003 tough day at work. Program Fee US$7,OOO 2-week intensive program in the on W marketing and branding. Who Should years
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  • 6 12 i Transaction date:Aug 12
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  • 4 12 Transaction date:Aug 12
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  • 601 12 BONDS WARRANTS Tat Lad Vol Cam Eur 'chk Gmt-'n&k Cad* Ctmfmr Sala *ar- f—I fttot I«b Laft 3698 AST1W*****1 6 1 16 13 3.25 10 3697 Acma Ltd W*****6 1 1 SO 410 10.00 15 3602 Amtefc W*****0 M 3 201 I 33 1.39 22 3603 Armstrong W*****0 5 O
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  • Page 12 Advertisements

  • Page 13 Advertisements
    • 379 13 CaD toll-free 1800 289 8822 HAW PAR CORPORATION LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, mislaid or destroyed Certificate Nob. In ttw name of No. oi Share* *****54 The Estate of Pillay Sivasankara, Dee d 1.000 *****55 1.000 *****40 500 *****36 1,000
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    • 3828 13 Notices JURONG CEMENT LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirtieth Annual General Meeting of the Company will he held on Thursday. August 28, 2003 at 3.00 p.m. at Raffles Country Cluh. Banquet Hall I. 450 Jalan Ahmad Ibrahim Singapore *****2 to
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  • 14 14 Transaction date:Aug 12 for live prices, log on to wu y u\asiaonemarkets£om
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  • 72 14 U-«k T* Lact Vol Day Lact Quota GfOfc Wv Grtfd MM MCm ttig* Law t*4» Cowyawy ilh W- fWH t— *nr» i«l« Cw W Swli 9600 89 6065 Diamonds US878G 3750 2700 6095 ISDJUSTedi U***** 555 555 6097 ISMSGSpor* USSSS §270 82X 6101 ISS4P500 US8270 965C 8280 6170
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  • 1894 14 UM Tel La«t Vat Day Lad Quota GrOtv M* CftM MM tBCaa I—> Ca4a Company Salt P88M HM» Law Miyar Sa«ar Cw W W 24 75 5000 ABR Hldgs Sc 19 5 *0 5 207 20 19 19 19 5 37j6 10 15 2101 AP 0.15c 27.5 *1
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  • 338 14 U-Wk Tal LM M Day last Quota GfOfy C*» GrVM M MCap Hfrh Um Coda Company Uh *b ni I— Wyar Satr Car W W 166 81 6000 AVJcnnings A25c A159 -2 8 160 1S8 1S8 160 40 3.4 6.3 9 3 342 J 6001 Cathay Pac 20c
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  • Page 14 Advertisements
    • 135 14 Where to wine, dine and entertain... EEr@ $5.80 Nett Per Item >rE With FREE Choice of One Coffee/Tea/Soft Drinks or Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese Mutton Stew Sautled Chicken with Chinese Sausage It's lime All Day Mug@S4.oo nett
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    • 62 14 Bali Thji SIO Voucher V(HH• pts Country Manna $20 Voucher 5,500 pts Edo Sushi $10 Voucher 2.500 pts MelNik's $10 Voucher 1.500 pts Paulaner Brauhaus $20 Voucher 5,000 pts Renn Thai 10 Voucher 3,000 pts Swiss Culture $10 Voucher 2,500 pts Swensen's $20 Voucher 4.300 pts The Gangezs $10 Voucher
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    • 13 14 flwflDD-winnino X PIVEP VfILLfY POflD #01-40 CUM QUAY P SinOflPOPf *****2 foeksmohs CALL
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    • 77 14 IMERITUS MANDARIN SINGAPORE T Konutice wftVi TurUcij Culinary Cultural Festival 14-17 Aug 2003 Presenting a fascinating troupe of 42 from Turkey to bring you culinary delights, lively traditional music, graceful belly dancing and handicrafts. Come, discover Turkey! Buffet Dinner (14 -17 Aug) 7:00 pm -10:00 pm Buffet Lunch (16 17
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  • BT motoring
    • 579 15  -  Industry players dismiss talk of vehicle repossessions hitting an all-time high. Samuel Ee reports. Samuel Ee Market talk that the repossession rate for cars in Singapore has recently hit the 30 per cent mark is unfounded, some industry players say. "If the number
      ST FILE PHOTO  -  579 words
    • BUMPER to bumper
      • 66 15 PREMIUM carmaker Audi has gone off road and driven on to the football field with glamour club Real Madrid. The German marque has signed on as the Spanish club's automotive partner. Details of the contract have not been disclosed, but what is known is that the club's
        66 words
      • 92 15 K1A Motors is seeing results from its move to ditch cheap compacts for more expensive vehicles. South Korea's second-largest carmaker reported yesterday that second quarter net profit rose 3.4 per cent, boosted by rising exports of pricier recreational vehicles. Kia changed its product line-up to
        92 words
      • 79 15  -  Compiled by Samuel Ee DEMAND for new cars in Germany. Europe's largest economy, picked up in July, while production and exports also rose. But industry association VDA said it is too early to talk of a sustainable recovery. New car registrations in Germany rose 2
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  • Page 15 Advertisements
    • 1507 15 First Engineering (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at No 26 Woodlands Loop #07-00. First Engineering Techno Centre, Singapore *****7 on Thursday. 28 August 2003 at 10 00 a m to transact the following businessAS
      1,507 words

  • EXECUTIVEmoney
    • 1192 16  -  But analysts caution investors as long-term outlook remains murky, reports GENEVIEVE CUA GENEVIEVE CUA Property appears to be hot again, going by the jump in private home sales in the second quarter and a pervasive perception that prices have bottomed and may be about to turn. Toss into
      FILE PHOTO  -  1,192 words
    • 1056 16  -  INSIDE markets By Robert Halili WITH the full month's figures in for July, we can assess how directors and substantial shareholders had traded at a time when the Straits Times Index (STI) performed strongly, climbing 7.7 per cent to 1,558.87 points. What the numbers
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  • Page 16 Advertisements
    • 232 16 W M*n*grd fry: A T.O A 1 I I- 1 OPS AFS Alp hot lincl APS A**t Managrmcn. Pte Ltd 'Although these fees are not charged, please note that there would be an Initial Sales Charge and Realisation Charge applicable for subscription and redemption of units in the Fund. The
      232 words
    • 88 16 I fjOBIN MUSIC BOX W Musk Box (Distributed By STUDIO LINE Singapore) JZ NEW ARRIVAL!! An exquisite Swiss-made music box. js A timeless gift for all occasions. js J3 J3 J3 J3 J3 Birthdays J3 'Festivals S Memorable Dciy s J 12 Special Occasions J3 ji A Anniversaries Celebrations J3
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  • SHIPPING TIMES
    • 252 17 Reuters THE Baltic Dry Index rose 11 points to 2298, the Baltic Capesize Index rose 18 points to 3198, the Baltic Panamax Index rose 17 points to 2178 and the Baltic Handymax Index fell 1 point to *****. HME-CHABTER: Hainan (built 1996) ***** dwt delivery Dunkirk 20/22 Aug
      Reuters  -  252 words
    • 268 17 SGX '000 *112 SS W- VI CWT Distribution 0 56 0.01 585 Oman Hup .0.44 0.01 2722 CH Offshore __.0J0 -001 2922 Cosco Investment .0.40 0.04 ***** Fre«*pt Links .0.06 0.01 3024 GB Holdings 0.77 -0.01 4 Jaya Holdings 0 45 0.01 4391 KeppelCorp —5.40 0.05 1169 K1
      268 words
    • 519 17  -  It is one of 3 qualifiers bidding for concession to ran box terminal By Donald Urquhart [SINGAPORE] PSA Corporation has been short-listed as one of three current qualifiers for Puerto Rico's Port of the Americas container terminal project after submitting its proposal late
      Source: Port of Ter A Tericas  -  519 words
    • 156 17 [SINGAPORE] Yes, it's Cookie Monster that's boarding a plane. The character from the all-time children's favourite television series Sesame Street is getting out of the telly box and going "live" around the world with other cookie-lov-ing monsters and grouchy Grouches. And transporting tons of equipment
      156 words
    • 223 17 Bloomberg [LONDON] OMI Corp, Tsakos Energy Navigation Ltd and other tanker owners have on order new ships valued at a total of US$25 billion, UK shipbroker E A Gibson said. The ships, which will carry oil, refined products and chemicals, equal about 21 per cent
      Bloomberg  -  223 words
    • 994 18  -  STRAIT TALK By David Hughes SOME serious empire building is going on in the corridors of power in Brussels, and the result will have implications for the whole global shipping community. The quiet, lazy days of the
      FILE PHOTO  -  994 words
    • 3 18
      3 words
    • 3 23 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 502 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL HANNE DANICA 001 J15 A/SIDE 13/08 0600 PARADISE 02/03 J8 A/SIDE 13/08 0600 PETROSR V007 J10 A/SIDE 13/08 1800 SANTA SURIA2 043 J22 A/SIDE 13/08 1200 A KAMBING 1 JB801 J7 13/08 1000 13/08 2300 ANABAS 2391E J15 13A)8
        502 words
      • 2 25
        2 words
      • 137 25 An* 15 France: Assumption Day. Italy: Assumption Day. SKorea: Liberation Day. Angl7 Indonesia: Indepen Day. Aoff 24 UKingdom: Summer Holiday. Anff 31 Malaysia: National Day. Philippines: Nat Heroes Day. Sep 1 Canada: Labour Day. U.S.: Labour Day. Sep 2 Vietnam: National Day. Sep 3 Vietnam: Nat day Hoi.
        137 words
      • 827 25 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
        827 words
      • 572 25 Carbon 180 Mai 991.7 0.6 16.2 0.08 69 0.04 Aug T Density Water IhMm AshAtuminlum ScdhMnt No above E25 1 0 3 0 0 0 rrr 380 Ave 985.9 0.1 14.5 0.04 23 0.01 b 7« 380 Mai 991.1 0.4 17.8 0.08 56 0.03 Wir3 v/v
        572 words
    • AIR & LAND transport
      • 444 26 Carrier trying to fend off competition from Virgin Bine, Emirates Bloomberg [WELLINGTON) Air New Zealand will slash fares by an average 20 per cent on routes to Australia to stave off competition from Virgin Blue and Emirates. The new fares, that start
        Bloomberg; FILE PHOTO  -  444 words
      • 209 26 Reuters [NEW YORK] Airbus and Honeywell International Inc have come up with technology that would take control of airplanes to prevent them from crashing into obstacles, The Wall Street Journal reported yesterday. The system would link crash-warning devices, already common on airliners, with cockpit
        Reuters  -  209 words
      • 196 26 Bloomberg (LONDON) World airline passenger traffic will return to growth from 2004 as confidence in flying recovers from terrorist attacks, war in Iraq and the Sars outbreak in Asia, a group representing the world airline industry said. Scheduled passenger traffic, or the number
        Bloomberg  -  196 words
      • 160 26 Reuters [STOCKHOLM] Scandinavian airline group SAS said on Monday its cost-cutting programme was starting to bite and the outlook was brighter. "The second-quarter result was not as bad as expected, and it's clear that SAS is a turnaround case," a broker added,
        Reuters  -  160 words
      • 313 26 Bloomberg (HANOI] Vietnam Airlines will begin direct flights to Germany in December, the carrier's third European destination. The state-owned carrier plans to fly to the German city of Frankfurt three times a week, said Trinh Ngoc Thanh, Vietnam Airlines' deputy director of marketing
        Bloomberg  -  313 words
      • 251 26 They refuse to be transferred to Indon airline unit Xinhua [JAKARTA] Months of dispute between Indonesia's flag carrier Garuda Indonesia and a number of its technicians took a turn for the worse when the national carrier announced it would dismiss 233 maintenance technicians. Garuda spokesman Pujobroto
        Xinhua  -  251 words
      • 159 26 AFP [TOKYO] Japan's transport ministry is considering introducing a system to analyse voice recordings of train drivers and aircraft pilots for a few seconds to assess their level of fatigue and prevent accidents, an official said. "Since it uses voice recording, the
        AFP  -  159 words
      • 604 26 Govt won't bail it oat, bank loans come with strings and merger unlikely while rivals struggle too Bloomberg IZURICH] Swiss International Air Lines Ltd, the unprofitable national airline, is struggling to find an investor six weeks after it said it needs
        Bloomberg; AFP  -  604 words
      • 413 26 AIRLINE COOES AA American brines (AALI AC Ar fitnot IAfR) Al Ar Into (AK). AY term Oy (f9l) AZ AtUu Artnes (AZA) BA Bntsh Amntys PuOtc LV Co (BAW) BC Brmn Bingtioesh Artnts (BBC). 81 Roy* Bnnm Artnes Stti Bhd (RBA) BO Bono Aetna (BOU) BR
        413 words
  • Page 17 Advertisements
    • 103 17 Call toll-free 1800 289 8822 NOTICE TO ALL SHIPPERS OF SINGAPORE SABAH PORT SURCHARGE In view of continuing vessels delay and expenses incurred in maintaining our service level to Sabah, the following Lines in the Singapore- Sabah trade wish to announce the implementation of a local Sabah Port Surcharge RMISO/300
      103 words
    • 44 17 sKfein^^^S^Sß|Sp§5'•'■'' #i'^ V-'-'*" I "*'< s»^9BSffl^nßßßiKSss^sS^33lEl'' l nflf ffiW *'1 1' JiifflTl^pWi l W*» Cfci ".^*?^,Vi*SJS| :-'"&s% W^ <. •j~' [^t 11 ~1 „7ij *«-^H|k|HBSI i' is£* <'%-'" i v v --^p!9iflHfl jfe .^wgi^B jds •|mflnffiH For itfv®ftiiwnwit sftQii 9nd bookiipSf picas* Jos Woiiq 6319 2012 r -.•.>;
      44 words

  • Page 18 Advertisements
    • 884 18 1 TO USA/CANADA i I EXPORT I I OTHER DESTINATIONS I VBSa VOY PNG |EIASM LONG BMol|l>AllAS [HOUSTON |MBIfMS |otCAGO| KW TORI ll TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) rro»ucm>sTurvß«i 1K33 iz/m ivw 21/01 urn M) ow p o«» Jvgja voy to sm p*g ST~| std m am PIO NEDUOYD HOUTMAN
      884 words
    • 474 18 Lines seroc® represented by .sws. f M Accredited Sh,pp,ng Agen*, *W" logics \°«.<y Singapore Shipp<ng Associcrfion g ULY UNE MALE /viSSE VOY EW ETA ETA A p. kung von mu Mold Star 541 A 13/08 15/08 24/08 Princess Lily 0803 25/08 27/08 05/09 Mold Carrier 741 A 03/09 05/09 14/09
      474 words

  • Page 19 Advertisements
    • 1293 19 TO EUROPE FROM EUROPE vtssa ivotsw at mnw hw my sou uh ifwaa Ivor hm ami h*m mtv sou w anl apidenmam 100*14/00 os/oo m/woi/w mwam im n/w »/wn/07 13/00 MOlPtlOttTY OOOW 15/00 31/00 02/09 05/9904/09 HTMTY 3UE2S/07 VfV 30/07 23/07 14/00 MraSHMd 30SW 10/00 05/09 07/09 09/W 03/09 MOUMMMI
      1,293 words
    • 1984 19 'VNUNMHUVKIRII SHMttOKI 10 BUCK SU VU MKT SAB* OWttdDIM) 19 cuors GMOAI AGCNTS m SmUKM: M NMBOM I# #11-00 SUB/NCI TEL MIOSIS//4J ML MMSMI/J# I SSS Sffittß^ ITD SS32 SSS COMIINTUOOMU) -23 DATS T/svv MIOSWS *****314/44 I nnmn-i w niiairr jOHots offta coNvemowu miosis# *****101 I tVHY TUBOAT SAtUNGS (OSTU
      1,984 words

  • Page 20 Advertisements
    • 2059 20 WAN HAI MTERNATIONAL PR UD <INOci44OSO2OOOO/l VtrA laiiu a TH: *****586 (MINES) F/UL*****163 HAI LINES isssssssssssssLm y nm:msi«nwk*7ißwniMm:ini)xm«niU:iniimz7i4/iniiH www waahai can to KIM:IBI)SS4WWk|ni)S»47HfUia;mai/71Uil at nun a »w.www.n».n im.mi)4iy3wni>i)4ii«re,4iqiw BTTlisflf liw -—n**" "W fnw -Sr 5L -W" -JCT I liawiwn a iw hm iv« mi* 11* 21* nm 2vn 27* an
      2,059 words
    • 565 20 BSA -L MYANMA FIVE STAR UNE (MyaMjor MnHosnl Um) vissa voy SM m m m PAGAN 30*W SU HPA-AN 307W SU IN MALAYSIA: OOUSTIAD SHIPPING AGENCIES MIL 03-*****300 l*L 03-317*4101 PW: 04-2****** BANK LINE (A WfYic* «l kmkrm Wok SHpoi) I NORTHBOUND TO EUROPE V CONUMR, WW, MUX IHUVYUFTS vissa
      565 words

  • Page 21 Advertisements
    • 1079 21 Imcw VOY KHH I WO I iIN I Htl I DX» I»M I SIMA IWA PCI $003 SKIP SKIP 17/08 l>/0« 28/08 29/08 05/09 07/09 CAM FMO PCL 8003 SKIP SKIP 24/08 25/08 02/09 03/09 09/09 11/09 IKAN ISFAHAN PCL 326 26/08 27/08 30/08 31/08 07/09 08/09 15/09 17/09 SIMA
      1,079 words
    • 539 21 UK CONTINENT SERVICE Lo4t*ngtor TMOR LOTUS RTM/ATW/BMNAJK/NAN Loads Singapore. EVW Maiayaa. Indonea* MIDDLE-EAST SERVICE Loadwigter LOK LAJESHWARI ADN/HOD/JDH/AQA J. FRIEND D6l/ABU/DOH/BRN/DMM/KWT LOK PRATAP DBI/ABU/DOH/BRN/DM M/KWT •Loads Singapore. EVW Mataym. Indonesia USA SERVICE Loadngfor PAN DYNAMIC VCW/LAX/MZL PACIFIC EMBOLDEN CAM/NFK/SAV/NOL •Loads E./W Malaysa. mdooeaa F.E./S.E.A. SERVICES Spore Loadngfor PAN OASIS INC/BSN
      539 words
    • 1048 21 aw m jffssa m m n ggßa I mm .ntau mi >//- mm Saß I *****1 n/0« I )/o< ntm* tm mm urn— Toiig 12/00 12/00 iuj jam IUM_ rxum 551 ii/Qi 11/8 pacmotaii _w_m iy/of _LVfQ ioim 14/w —iiz«_ PAC PANDA 1014N 16/00 17/ M pac panda ioism 10/00
      1,048 words

  • Page 22 Advertisements
    • 540 22 TlGtl BRIDGE 107N IS-H/00 77 24/W 7430/01 I T)G£K SHAIK lOON 19 20/0* 24-21/01 02-03/01 I nra sit low 2223/01 21-31/01 I iwasu lion H-27/N 02 04/09 09-10/09 I TKai»jO«^inM^2r3o/o^^oM7/o^^lW3^J CAl^^si^B "mam 7oi irnTa nws I JIAISAM 139 1717/01 24-24/08 05-05/09 I ntasnur 072 2121/01 27 29/00 00-00/09 I MUM^_^U22^«^»Ol/o^o^o/o^|
      540 words
    • 914 22 FREIGHT LINKS EXPRESS PTfc I LTQ > 51 Penjuru Road, 3 Level, v t > jJJSr Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 1 E-mail: flesin@singnet.com.sg LCL SERVICE TO VANCOUVIR. CANADA VESSEL COLOMBO BAT V.50E34 ETA SIN 16/08/2003 ETA VAN 07/09/2003 Booking 5565/4694/5535/5580/5541/5508/5569/5560/5563/5514 PROJECT «r HEAVY LI
      914 words
    • 1143 22 /Ay PDZ LINES gr%»-T«ss" ww»«i mmTwo GWBC *****14/00 ttawSnpi u/oo s.m— imiTh/w tanas aoioiHoi4i ls/w MUMS I ***** U/W GfiWH 304*1 U/M K. OMU 2| 3033 19/00 OMOa 3023 23/00 TMtONSM TUMM |IS/M 22/ M mka—ss 3037 22/ M gmumg m\ 21/00 omi poos h/m yum mm mm woo giat
      1,143 words
    • 276 22 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI IVBSB V0T461 lUSH64POK IUMMOiH IMUII OIIHW fl-ff/M/03 12/W/D3 SEA-PAC MANAGEMENT PTE. LTD. 70 Anaon Rood •17-07/06 /IK Ap*x Tow, Singapore *****5 T«Mwmc 6270 0977 v FouMK 627S 2309 >H T«lmc tS ***** SUPAC ttRECT HN NAMPO, KOREA I rasa vorog
      276 words



  • Page 25 Miscellaneous
    • 120 25 ioac K—/ FOR 7AM 13 Aug 2003 V >■ 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 >
      120 words