The Business Times, 14 August 2003

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Total Pages: 24
1 24 The Business Times
  • 12 1 THE BUSINESS TIMES SINGAPORE Internet: hUp://business-times.asial com.sg THURSDAY, AUGUST 14, 2003 850
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  • 777 1  -  BT exclusive Investors pile into safe funds despite disappointing returns so far By Genevieve Cua [SINGAPORE] Money parked in capital secured funds shot past $6 billion at endJuly, as paltry deposit rates pushed savers towards structures that appear to promise the best of
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  • 71 1 □sti 1,591.48 (+27.85) ST INDEX FUTURES 1,592.00 (+24.00) SIMSCI FUTURES 195.90 (+3.90) (han^r KLSCOQW 724 S3 MKKF3 22T« S?«?r. l*7SI HAM! SK\<5 HWOI.47 117^» 8ETf\DKX JAKARTA HIMI' -ill 2* >4 HI HAM LA HIM I' IjfttMl. «I4£»7 TAIPKIWII \44tf 7 1K7 SWRXiUMI' 7I30B ILTfc SlIKNZHEN B tOM 175 AI'ST
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  • 81 1 FOREX RATES US# tl IKSISSprlSS) 1767 ill SSOS prr I') I FJ Wl(IJ«'S8/K» 1114 l»7* YKN ll»l <7Mi RM ;IN»M i na HKS 7.791 4 4K nAirr 4i7s n.:* hi n Ml HJW* 4."*4 ItKNMINIII 4722 INIHAN W'PEE 45SI *12 AS UM o NZS L7I0 0J7» rmmm rates SIWMCDttF
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  • 518 1  -  It also urges potting twice as much in SGX shares as MSCI's call By Wong Wei Kong [SINGAPORE] US investment bank Morgan Stanley is recommending that investors put twice as much money into Singapore stocks as is recommended by the benchmark Morgan Stanley
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  • 707 1  -  All local banks now levy 4-5% for 2-yr By Siow Li Sen [SINGAPORE] DBS Bank and United Overseas Bank yesterday raised their home loan rates for private property just a day after rival OCBC Bank set the ball rolling by announcing increases on
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  • NEXT page
    • 409 2  -  BT exclusive Battle for firm seen as a little-known company bids for stake held by EPF From Eddie Toh in Kuala Lumpur GEORGE Ting, who has been instrumental in the success of KFC Holdings in Malaysia and Singapore over the years,
      FILE PHOTO  -  409 words
    • 646 2  -  Fed discounts risk of inflation despite signs of growth From Andrew Marks in New York THE US Federal Reserve's decision to leave short-term interest rates unchanged at the historically low level of one per cent was widely anticipated across Wall Street and
      AFP  -  646 words
    • 491 2  -  2.8% hike last year beats national figure of 2%: NTUC By Chuang Peck Ming (SINGAPORE] It pays to be a union member. Despite slow business, unionised workers received a 2.8 per cent rise in basic pay last year higher than the 2 per
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    • 191 2 Reuters [WASHINGTON] The following is the Federal Open Market Committee's statement on interest rate policy issued at the close of its meeting on Tuesday: "The Federal Open Market Committee decided today to keep its target for the federal funds rate at one per cent. The committee continues
      Reuters  -  191 words
    • ON THE grapevine
      • 101 2 SEEMS some analysts were "downgraded" recently by United Overseas Bank. Last week, when the bank invited them to lunch to review its half-year results, UOB president and deputy chairman Wee Ee Cheong wasn't there to grace the occasion. "But he met the press when UOB announced its results," grumbled
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      • 98 2 NOW that the government has signalled a more tolerant stance, carmakers seem to be jumping on the gay wagon. First it was Subaru, which sponsored the Nation party, a popular gay event, here last week. Now DaimlerChrysler has an ad in The
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      • 139 2 WANT to hear Zoe Tay on your handphone? Ml is introducing a service this month that allows callers to listen to customised connecting tones, in the form of a music clip, a joke, a sound effect or a celebrity greeting. Called Bye Bye Ring Ring, the service will
        139 words
  • Page 2 Advertisements
    • 309 2 Primer on Interest Rate Risk Management Products Date What Friday, 5 September 2003 This seminar initiates the participants in the rudiments of interest 9.00 am to 5.00pm rate risk management and provides an integrated approach and update on the various products available in tne marketplace. It is Venue also designed
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    • 46 2 CONCORDE HOTEL A Ideal for Business Schools Office High Ceiling (capable of theatre-style seating) v Air-con from 9am-9pm daily Ample Close to Outam MRT hi Contiguous 28.000 sf (subdivisible) Exclusive large terrace area for breaks Very attractive rent SclaliinßjQAgnl Commercial 653 I 8674 6531 8666 WjKji
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  • SINGAPORE companies
    • 409 3  -  Only eight in 30 companies follow recommended practice: survey By Wong Wei Kong ONLY a handful of listed companies are disclosing the pay of individual directors, although they are encouraged to do so under the code of corporate governance, a survey by
      409 words
    • 416 3  -  Andree Halim's move follows exercise of options for 55% control By Serena Ng THREE weeks after he was granted options to buy more than half the shares of food group QAF, a scion of Indonesia's Salim Group has exercised them
      Source: Bloomberg  -  416 words
    • 618 3  -  HOCK lock siew r sivanithy IT'S often said that Singapore shareholders are apathetic creatures with little or no interest in the running of companies they own shares in. It's also said that minority rights are an important feature of the local market,
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    • 303 4  -  By Serena Ng WHEN it comes to raising corporate profile, you can't leave it to luck. Not when you're out to promote your "Pork Luck" brand. For China Food Industries (CFI), whose activities include pig farming, a Sesdaq listing is the answer.
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    • 442 4  -  But strong Q1 results keep slide for interim period at just 20% By Vince Chong PARKWAY Holdings saw its sec-ond-quarter bottom line slide 52 per cent year on year following the Sars outbreak in March. The group, which is South-east Asia's largest
      ARTHUR LEE  -  442 words
    • 441 4  -  By Ven Sreenivasan PHOTOGRAPHIC and con-sumable-products trader and distributor JEL Corporation launched its mainboard initial public offer of 42 million new shares at 21 cents each yesterday. Of this, 40 million shares are for placement, including two million via Internet website
      441 words
    • 285 4  -  By Kenneth Lim REPEAT sales and new orders helped garment manufacturer Ocean Sky International lift net earnings 8 per cent in the half-year ended June 30, despite a market plagued by Sars and the war in Iraq. Net profit margins, however, fell to
      285 words
    • COMPANYBriefs
      • 49 4 ACHIEVA Limited, a distributor and solutions provider focusing on electronics and IT-related products, has turned around with an interim net profit of about $1 million compared with a net loss of $4.4 million for the previous first-half. Turnover was marginally up at $232.7 million.
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      • 103 4 THE former executive chairman of garment company Heshe Holdings, Chia Shi Teck, lost his appeal against bankruptcy yesterday in the High Court. He was represented free-of-charge by Drew Napier senior counsel Jimmy Yim. Heshe had said, after Mr Chia was made bankrupt that it would
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      • 84 4 Bloomberg SINGAPORE Telecommunications, South-east Asia's largest phone company, said it will offer joint data services with China Telecom Corp, China's biggest fixed-line phone service provider. Sing Tel and China Telecom will help companies link data networks between China and cities such as Singapore, Sydney,
        Bloomberg  -  84 words
      • 94 4 Reuters [MANILA] Tap Philippine conglomerate Ayala Corp yesterday Mid it wanted a better price for a Globe Telecom stake that debt-laden German phone giant Deutsche Telekom wants to unload. Ayala and another key Globe stockholder Singapore Telecom refused an offer from Deutsche to sell
        Reuters  -  94 words
      • 72 4 NH Ceramics Ltd has given further update on its profit warning for the financial year ended June 30, 2003. The listed group said turnover for the second half was $9.59 million, a 33.5 per cent fall from the corresponding period in FY2002. The company,
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      • 86 4 CONSTRUCTION listed group Hua Kok International Ltd has agreed to sell a 13 per cent stake to an individual investor, Zhao Zhen, at seven cents apiece. It will place 43.7 million new shares or 12.96 per cent of enlarged capital which will raise
        86 words
      • 70 4 FU Yu Manufacturing Ltd said four of its executive directors have sokl a total of 12.8 million shares at 60.5 cents per share to institutional investors to enhance the liquidity of the stock and to raise institutional holdings. The placement was from the company's four
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      • 84 4 Reuters SINGAPORE Airport Terminal Services (Sats), the ground-handling and catering arm of Singapore Airlines, said yesterday that it handled 36.3 per cent more passengers in July over June as flights were restored after the Sars virus outbreak. Month-on-month recovery is expected to continue as airlines
        Reuters  -  84 words
    • 422 5  -  Purchase of units at The Imperial seen as move to get tighter hold on prices in area By Kalpana Rashiwala IN a move seen as giving it a tighter grip on prices in the area, City Developments has bought 36 apartments in
      422 words
    • 308 5  -  Agreements with the bank and UOB extend maturity of $43m of loans By Kenneth Lim LOSS-MAKING Freight Links Express Holdings (FLEH) has entered into a debt restructuring agreement with OCBC, about three weeks after a similar deal with UOB for outstanding facilities
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  • Page 3 Advertisements
    • 102 3 Tht f\i«:w 2003 I I;: GRAND I-1 k VITARA Lv 1 N\ It: -#v. H Pleasure k 1 > <-r*' "> f 1 .;:<■] '.',<! <)<<■■ r i IM f K r.', 1< ),tst s j r 1 KH t u t I It i i J' ui spi >'
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  • Page 4 Advertisements
    • 445 4 CGFRC-ICPAS-SID Conference on Design, Valuation and Accounting of Stock-Based Compensation Wednesday August 27, 2003, 9:ooam s:lspm institute of Certified Public Venue: The Regent Singapore Accountants of Singapore Cuscaden Road, Singapore CT"T\ S$ 416/-for Non-Members S$ 312/- for Members SINGAPORE INSTITUTE OF DIRECTORS corp«r«t» Recent corporate scandals in the U.S. have
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    • 19 4 Lianhe Zaobao I Local I I company I I launching combined I I Chinese I [software r*tt*uv I Iwrifj
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    • 8 4 w —WW 4* ii S One and oil*
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  • Page 5 Advertisements
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  • SINGAPORE markets
    • Article, Illustration
      311 6 OTHER SINGAPORE INDICES Aug 13 VALUE CLOSE WOMB 208.00 +139.00 BTCm -*****.00 +208.00 -*****.00 +21.00 430.55 +7.26 MCfdbnOail 152.73 -0.54 W6pWwRi 1349.56 +36.99 394.20 +2.94 MSCIflf pin 196.23 +3.70 195.90 +3.90 UntFtber 10c 74.903.CXX) Sucminedate 15c 56.373.000 IPC020C 53,820.000 Rj Yu Mfg 10c 46.047.000 Smgpu 25c 42.105,000 HorizonEduc 5c 40,521,000
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    • 287 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan THE shares of computer monitor maker TPV Technology have responded positively to news of a change in major shareholder. The stock has rallied since last week's announcement that Fields Pacific plans to sell a 26.36 per
      287 words
    • 754 6  -  BT comment STOCKS r. sivanithy INTEREST rates in two different forms played a central role in trading in the local stock market yesterday, during a session marked by hectic punting of penny stocks, recent IPOs and China plays. The value of stocks traded rose above
      754 words
    • 614 6  -  BT comment CURRENCIES larry wee US stocks and the greenback recovered smartly in overnight trading after the US central bank kept shortterm interest rates unchanged and left little doubt that it will pursue an accommodative monetary policy stance for a "considerable
      Source: Reuters  -  614 words
  • 3109 6 UNIT TRUSTS FUNDS Com Global Finance Mat? 0.83% Com Global lifestyle Mb Fd 0 88* n«„ Com Global Heal* MerFd 0828/ ixw Com Global Telecom Me* Fd 044/ SrISS oaS Com Global miotic Mb Fd'" 0.309/ In ■njnTiog[a» 074» Com Global Energy Ma M «J»7/ iSSfJST ix?/ Com Global Trawl
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  • Page 7 Advertisements
    • 153 7 Where to wine, dine and entertain... j~| MERITUS MANDARIN SINGAPORE T Absolutely Chic! p€ A Fashion Rendezvous e/ not to be missed! f A W\ The latest styles I complemented with I beauty products and accessories of the season. Wj Every Thursday 9.30 pm V f Enquiries: 6831 6286 MANDARjN
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    • 291 7 If you are any of these: "messy" accounts arising from change of systems staff turnover inability to meet statutory reporting deadlines urgent need to submit financial statements to banks financial institutions need to reconstruct accounts from incomplete records need to extract financial information for a litigation need assistance in the
      291 words
    • 128 7 Don't miss delectable old-ttme favourites Chilli Crabs. Kway Chap. Wanton Mee, Hae Mee, Hainanese Satay. Roti Prata, Hainanese Chicken Rke Ball. Ah Ball Ling and much more. Also available are Fresh Oysters, Sashimi and Soft Shell Crabs. Moaday to Sunday (except Saturday) Lunch $25 (Adult). $15 (Child) Dinner $27(Aduft^ShSo(Child) Friday
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  • SINGAPORE news
    • 390 7  -  Restructuring will make economy fit for competition, says Hsien Loong By Andrea Tan DEPUTY Prime Minister Lee Hsien Loong yesterday drove home the urgent need for Singapore to restructure its wage system to keep ahead of regional rivals. "Wage restructuring is painful medicine but
      390 words
    • 298 7  -  HDB awards $24.3m deal for unfinished work after three contractors left the project By Vince Chong THE Housing and Development Board's contingency contractor Teambuild Construction has been formally awarded a $24.3 million contract for remaining upgrading works at Marine Terrace, where three previous contractors
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    • 456 7  -  By Kenneth Lim WHEN ornamental fish hot-shot Kenny Yap, managing director of Qian Hu Corporation, first heard about the Economic Development Board's International Headquarters Award, he thought to himself: "Hey, I should be getting this too." So Mr Yap got his company to
      FILE PHOTO  -  456 words
    • 387 9  -  EYE on the econom exports But they put average NODX growth for July at only 11.6% given the high base By Chuang Peck Ming SINGAPORE'S exports are likely to have kicked off the second half on a happy note. Analysts' estimates of growth
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    • 423 9  -  US cannot sustain demand for exports, says analyst By Amit Roy Choudhury THE inability of the US to indefinitely expand its indebtedness to the rest of the world at the rate of a million dollars a minute means that Asia's era of export-led
      423 words
    • 264 9  -  By Vince Chong THE Ministry of Education released its first guidelines on privately-funded schools yesterday, revealing that such schools will not be able to offer prima-ry-level education. A government review committee said last year there was room for such institutions at the secondary and junior
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  • EXECUTIVE suite
    • 834 8  -  Almost two-thirds of 2,600 waterfront homes planned for Sentosa Cove will be there, reports Kalpana Rashiwala Kalpana Rashiwala IF you're hankering after a seafront bungalow overlooking the Southern islands, you're a step closer now. Master developer Sentosa Cove Pte Ltd is understood to have
      834 words
  • Page 8 Advertisements
    • 174 8 >" ""71 FOR SALE -J SHOPHOUSE AT CIRCULAR RD Existing 3 storey building with an attic M. Land Area approx. 1,027 sq ft GFA approx. 3,500 sq ft Located in the heart of Raffles Place Close proximity to Raffles Place MRT Station Excellent yield r Kafcjbtlraak DTZ i r ■>
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  • Page 9 Advertisements
    • 884 9 w Circuits Plus Holdings L.td (Incorporated in The Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Circuits Plus Holdings Ltd will be held at 8 First Lok Yang Road, Singapore *****1 on 29 August 2003 at 10.00 a.m. to transact the following business: AS ORDINARY
      884 words
    • 192 9 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER Of NISSI MEDIA (S) PTE ITD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE IS HERESY GIVEN that the final meeting of member* ond creditor* of the abovenomed company will be held at 20 Cecil Street, #12-02 A 03 Equity
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    • 220 9 < imvimmmmmmmmmmam I i i 4 w A resilient t performance Highlights of our interim results for 2003: Profit attributable to shareholders up 25% Earnings per share up 17% I* Moving to quarterly dividends First interim dividend of US 24 cents, up 17%, payable on 7 October 2003 Proposed second
      220 words

  • EDITORIAL & opinion
    • 834 10  -  THE bottom line OPINION matthew lynn Bloomberg CORPORATE finance work is thin on the ground. Mergers and acquisitions are about as fashionable as shoulder pads and power lunches. Initial public offerings are as popular as fur coats on the Costa del SoL Even rights offers
      Bloomberg  -  834 words
    • 45 10 'A few months ago, fears of deflation were extraordinary and, in my opinion, overdone. Now, the markets are going in the opposite direction, and I think some of that is overdone as well.' -Kennit L Schaeahattz chief economist at Citigroup Global Markets.
      45 words
    • 576 10 EDITORIAL AFTER a frenetic July, during which Hong Kong was rocked by massive protests and a government in disarray, the territoiy appears to be calming down Beleaguered Chief Executive Tung Chee-hwa is picking up the pieces and has promised to hold dialogues with prodemocracy groups in
      576 words
    • 1019 10  -  The real issues in liberalising global trade are at risk of getting sidelined in big-power plays in Cancun next month By Raseen Sally THE Doha Round of multilateral trade talks has made next-to-no progress since its launch. All major deadlines have been missed. The
      AFP  -  1,019 words
    • 209 10  -  MAIL bag Narayana Narayana THERE is nothing intrinsically wrong with Simon Ng Yap Peng's suggestion ("Have company reviews in other languages", Mailbag. Aug 7) that corporate operating and financial reviews (OFRs) be published in other languages as well as English. But one wonders
      209 words
    • 296 10  -  Chen Zhen Lin Singapore I REFER to your report "Sias lines up team for independent research" (BT, Aug 4). The sustainability of equity research depends upon the willingness of investors to pay for it. $7.5 million is not a big amount, and by the
      296 words
  • Page 10 Advertisements
    • 99 10 Fax your letters to 6319-*****r email them to btletterQsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your Ml name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the
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  • Article, Illustration
    1062 11 Transaction date:Aug 13 1MTERBA1IE CROSS RATES A$ C{ W to HB Mh Yen W» H iSPlth Hio SS »a«d Sir iTS Bafct Pwd USS Austral* 0.905 5.417 0581 5*91 29.968 55.797 0.777 7.701 2.480 1.116 37*96 35.787 1147 4J4I 0.896 22.438 ***** 0.408 0.653 Canada 1104 5.982 0.641 5*22
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  • REGIONAL news
    • NOTEBook
      • 65 11 Reuters [BEIJING] China, on the defensive for months over its fixed currency policy, yesterday switched tactics with a call for Japan to stop blaming others for its woes. A commentary in the Communist Party mouthpiece People's Daily said Japanese politicians and economists were trying
        Reuters  -  65 words
      • 76 11 Xinhua [JAKARTA] The Indonesian government has hinted that it will soon draft a bill declaring the industrialised island of Batam in Riau province as a Free Trade Zone, a local official said yesterday. "Let us wait and see, but the People's Consultative Assembly
        Xinhua  -  76 words
      • 98 11 Reuters [KUALA LUMPUR] Malaysia's national car maker Proton yesterday denied a newspaper report saying it may sell a stake in its distribution arm to Naza Kia Sdn Kid, the country's distributor of Kia vehicles. "Proton wishes to state that there had been no negotiations
        Reuters  -  98 words
      • 98 11 Reuters [BEIJING] Foreign direct investment in China plummeted 38 per cent in July from a year earlier to about US$3.l billion, partly because the Sars outbreak had delayed effects on a key driver of the country's economic engine. Actual foreign direct investment was U5533.35
        Reuters  -  98 words
      • 77 11 Reuters [BEIJING] China's exports rose 30.6 per cent in July from a year earlier, slowing from the previous month in a sign the Sars epidemic had a dampening effect on orders. July exports were US$3B.ll billion, while imports were U5536.51 billion, up 35.3 per cent
        Reuters  -  77 words
      • 86 11 AFP [JAKARTA] Indonesia's finance ministry is trying to scrap more than 200 laws passed by regional authorities under a huge decentralisaion programme because they hamper business and investment, an official said yesterday. "We have submitted a list of 206 regional laws that we deem hinder
        AFP  -  86 words
    • 427 11  -  SINGAPORE UBS, Goldman arranging US$400m share sale by M'sian satellite TV operator By Vince Chong DBS Bank may be roped in to help ÜBS and Goldman Sachs with the initial public offer of Malaysia's only satellite television operator, Measat Broadcast Network System. According
      427 words
    • 326 11 JAKARTA BLAST Reuters AP [JAKARTA] The US and Australia yesterday told their nationals to stay away from soft targets in Indonesia like international hotels or shopping centres, saying new intelligence pointed to a risk of fresh attacks. Australian Foreign Minister Alexander Downer and the
      Reuters; AP; REUTERS  -  326 words
    • 441 11 Issues likely as govt has to plug debtheavy budget deficit Reuters [JAKARTA] Indonesia must launch a major loan plan, which may include its first global bonds issue since the Asian crisis, to help fund its 2004 budget as it tackles the impact of
      Reuters  -  441 words
    • 508 12 MUMBAI They are upbeat about strong economic forecast, corporate earnings Reuters CHARTERED accountant Bharat Sanghvi's 800,000 rupees ($30,640) investment in Indian stocks has jumped 25 per cent since April, but he does not plan to take profits. "We are in a
      Reuters; Source: Bloomberg  -  508 words
    • 125 12 MUMBAI Bloomberg INDIA'S economy will double by 2010, as companies such as General Electric Co and Accenture Ltd hire from the country's pool of young educated workers, helping create a new generation of spenders, a Merrill Lynch Co report said. In India, seven
      Bloomberg  -  125 words
    • 350 12 NEW DELHI AFP US telecoms group Motorola is to hire more people in India to make it a research and technology hub, a report said yesterday. Motorola chief Mike Zafirovski told the Hindustan Times he was hoping to save money by
      AFP  -  350 words
    • 427 12 HONGKONG Rise in tourism also bolstering shares of hotels and airlines Bloomberg [HONG KONG] Sino Hotels Holdings Ltd and Regal Hotels International Holdings Ltd are among Hong Kong hotels raising rates for the first time since March, buoyed by a Chinese
      Bloomberg; AFP  -  427 words
    • 123 12 SINGAPORE Bloomberg BILLIONAIRE Li Ka-shing's Cheung Kong (Holdings) Ltd plans to start selling apartments at two luxury projects in Hong Kong to visitors from China for at least a 10th more than earlier units. The developer will sell a remaining 670 apartments at One Beacon
      Bloomberg  -  123 words
  • Page 11 Advertisements
    • 401 11 satmonHOUMEiffcoMeatWOTr Date 21 August 2003, Thursday Venue 3rd Floor, Auditorium, Suntec Singapore International Convention Exhibition Centre Time 8.30 am to 5.30pm 7th Internet Commerce Conference r—: $»o lIIKKB Lee Bom Y«g, Mkisler for lafonMitioo, f bm—ifHibi mi tfce Arts Overcoming chaotic business climate, a lesson learned —Mr Alson Teo, CEO,
      401 words

  • 1549 12 WOOM FUTURES Aug 13 RUBK8 tans (Ctakg print) RSSKScaaHAD Close Voftne Opon MmBi Win Low Sett (tots) lotomt Sop 03 182.50 Oct 03 100.75 Nov 03 179.75 Dec 03 178.00 ISS 3 (US cartel) Vofcne Opon Month Mfh Low Sett (tones) Merest •Sep 03 102.00 102.00 102.50 300 5000
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  • 4486 13 TransactUm date: Aug 13 HONGKONG vai HKumrt. 1»3 002 ***** MXS W- '000 Hong Kong Electric 30.50 0.20 3767 Hongkong Chi new 0.93 0 05 ***** Alpha General 0-25 0.01 186 Hongkong Chinese ltd 0 8 0.05 ***** AnandaWingOn...._ 001 unch 0 Hopewell Hokkngs A45 0.05 4478 Angara
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  • 2273 13 Transaction date:Aug 13 KUALA LUMPUR ■M w- raan General Soil 126 undi 0 Ganting 15 20 0.10 167 AAMRealty 0.9* 0.01 42 Gamy Kant 047 0.01 21 Abric 096 002 162 GlobelronKsTtdi... 535 -0.05 1220 "to 00? 7 OomacBhd .330 -0.01 382 Ad«ance Synergy OM JnS 99 Gojd Bndge
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  • 808 13 Transaction date:Aug 13 Dmtkmmm O— Ow» 1 Om Q—* MnmSOc 042 1X80 «0020 NrtSM SOt 0.5* 2*70 *0490 C4C 043 4.540 0420 OCBC *44 11.100 *0300 CapttaLand V15 1.300 *002* out 054 7300 *0.150 Oiart SantfGond 24c lOI 1060 *0020 Parkway M 25< 44# 0450 *0005 OtyOavSOc 146 4J00
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  • 559 13 BONDS WARRANTS Tal La*t Vat Cam Enr Doc Ca«a Ciapif *m- rmm I* Uto H u> 3698 ASTIW*****1 1 16 5 150 10 3697 Acm* Ltd WM1116 15 03 SI 50 390 700 15 3602 Amtefc W*****0 H5 0 5 50 1 33 130 22 3603 Armstrong VW***** S unch
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  • Page 13 Advertisements

  • WORLD news
    • 558 14 LATEST US DATA 1.4% gain in July lends credence to forecasts for sharp pick-up in growth Reuters Bloomberg AP [WASHINGTON] America's shoppers splurged in July on cars, appliances and clothes, boosting sales at the nation's retailers by 1.4 per cent, the
      Reuters; Bloomberg; AP  -  558 words
    • 368 14 ZURICH Bank benefits from rising markets and declining costs Bloomberg ÜBS AG, Europe's largest bank by assets, says the worst is over for the banking industry, after reporting the highest quarterly earnings since 2000. President Peter Wuffli said yesterday that the Swiss bank may
      Bloomberg; AP  -  368 words
    • 272 14 NEW YORK Reuters NEWS Corp, the media conglomerate controlled by Rupert Murdoch, yesterday swung to a quarterly profit from a year-earlier loss, helped by stronger performance at its television and cable units. The company reported a fourth-quarter profit of US$37O million, or 28 US
      Reuters  -  272 words
    • WORLDWatch
      • 87 14 Bloomberg [MELBOURNE] Foster's Group shares rose after the company said it plans to spin-off its pubs and gaming unit in a AJI.4 billion (Ssl.6 billion) share sale, fuelling speculation the money will be used to fund a wine acquisition or stock buyback. Foster's, Australia's
        Bloomberg  -  87 words
      • 60 14 Reuters [PHILADELPHIA] World Com Inc said yesterday it plans to name Rick Roscitt, a former long-term executive of rival AT&T Corp, as its president and chief operating officer to oversee the day-to-day operations of the bankrupt telephone and data services company. Mr Roscitt will
        Reuters  -  60 words
      • 78 14 AFP [LONDON] British Airways announced yesterday it was immediately suspending flights to Saudi Arabia until farther notice, after Britain's government said there was "credible intelligence" of a threat in the country. BA's decision followed discussions earlier in the day with the Department for Transport,
        AFP  -  78 words
      • 111 14 Reuters [NEW YORK] E-mails given to regulators by Verizon Communications indicate some employees at competitor World Com knew WorldCom's call data had been altered, creating "pseudo" phone numbers that may have helped the company save money. The Wall Street Journal said yesterday. Verizon's filing
        Reuters  -  111 words
    • 410 15 SEOUL Its Q2 loss widens to 530b won on fall in prices and DRAM demand Bloomberg HYNIX Semiconductor Inc, the world's No 3 maker of computer memory chips, reported its 10th loss in 11 quarters after prices fell further below the company's cost
      Bloomberg  -  410 words
    • 244 15 NEW YORK Reuters MERRILL Lynch Co chief executive Stan O'Neal said on Tuesday there will be no president appointed at the firm for at least five years, effectively ending an issue that had become nettlesome. "Stan told the board that he does not
      Reuters  -  244 words
  • Page 14 Advertisements
    • 152 14 V\U. S > I Let your company be known through The Business Times Investors' Guide. J > i. j- *>.• ~.V S-v-' j;>Jf' I' jC- 1v? This Guide, a special feature in The Business Times on 9 September 2003, provides a dynamic channel to share information that's crucial to 'Toe
      152 words

  • 6258 15 Transaction date:Aug 13 for live prices, log on to uuwxisiaonemarketsjom SHt Td Ijrt Vat Day IMQMi GrOfcr M» GrYM M MCjs Low Ceda Ci»pi»> Mi W- fW| Lwr Beyer SdUr Cw W hi 5300 ABNAmroNLG 56c 9 12 M 1388 15 9 1500 ACE Dynamics20c 16 +0.5 53
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  • 71 15 S2-Wk M UM M Day LtQ—*i GrDn Ho GttM MM Km w# i— cw« fiim w- rww w# t— s*r cw wt tJ 9600 89 606b Diamonds US8780 37V) 2700 6095 ISDJUSTedl US3740 555 555 6097 !5M505pore US55S 8270 8200 6101 ISSAPS00 US8270 9650 8280 6170 SPOW... U*****
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  • 1814 15 52-Wk M Lai Val Day LMQmK GrD* H» OYM MM MCaa L—> Ca4e Mi Ctm 1— —If Cw fK tmk 24 7.5 ">000 ASKHIdgsSc 20.5 *1 1017 21 19.5 20 205 39.5 15 2101 APCMSc 27.5 unch 730 28 27 27 27.5 21 N2.6 3* 101 24.1 J}
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  • 274 15 S2-M M IM M MOM MM> Mr CUM M Mpw wSrTL, C—. 5* W- PI miT imm •*,r %CW 161 II 6000 AVJenf*n®» A25c A WO *1 161 1S» 160 161 14 43 §3 M44 6001 C*h«,F»c20r HK7JO J 6002 OwungKongSOc MK17W 240 63 6.7 J 40B6.S 79
    274 words
  • Page 15 Miscellaneous
    • 176 15 CRYPTIC CROSSWORD a revealing view (8,4) removed (7) 9 Party leader H| |H| 11 Prize awarded to steer, perfor example (7) wire? No point (7) 26 Brass bands? Hopefully notl (7 5) "Ciao" (12) YESTERDAY'S SOLUTION 10 Bandits with stolen cash? Across: 1 Flat race, 9 Reliance. DOWN rm off!
      176 words

  • BIZIT
    • 631 16  -  BT exclusive Region's sales contributed 30% to BenQ's total revenue in 2002, finds Amit Roy Choudhury Amit Roy Choudhury TAIWAN'S BenQ expects to see a 50 per cent jump in revenues from the sale of its branded products in the Asia-Pacific region this
      631 words
    • 465 16  -  But SingCert has no reports of infection from S'pore public By Raju Chellam The MSBlast "worm" that began infecting computers worldwide two days ago has gone on to infect more than 180,000 computers globally as of yesterday, and may have infected corporate networks more
      465 words
    • 348 16 Bloomberg [TAlPEl] Quanta Computer Inc, the world's largest maker of notebook computers, and rivals face shortages of memory chips and other parts because suppliers haven't invested enough to expand production capacity after a more than two-year slump in demand, according to some parts makers. Computer
      Bloomberg  -  348 words
  • Page 16 Advertisements
    • 58 16 w*> M v i TECHNOLOGY IN ACTION f ZZ1>V< 7' 1 *4s» *> ,r j'. JH\': 'O-A i 4T J)"' to «1T/V w viS,,i %v vVtf v> A' v I jjW MRMjiaiBiBM hitachi Inspire the Next h t T p CJ I o I) «ft I h I l ,i
      58 words

  • SHIPPING TIMES
    • 260 17 Reuters THE Baltic Dry Index rose 16 points to 2314, the Baltic Capesize Index rose 18 points to 3216, the Baltic Panamax Index rose 28 points to 2206 and the Baltic Handymax Index rose 5 points to *****. imE-GHARTCB: SGC Seawind (built 1976) *****0 dwt delivery Far East
      Reuters  -  260 words
    • 760 17 Ship attacked in Indon waters, US$10,000 ransom said to be demanded [SINGAPORE] Pirates have struck in Indonesian waters again attacking a Malay-sian-owned ship carrying fuel oil and taking its captain and two engineers hostage. It is believed the pirates sought a
      NANYANC SIANG PAU  -  760 words
    • 272 17 sgx 'ooo if A—13 SS W- g> CWT Dstnbution 0.56 0.01 17 ChuanHup .0.44 unch 578 v. CHOfWwre 0.30 unch 3026 CoKOkMrtmnt .0.43 0.03 ***** Freight Links 0.08 unch 1826 k G8Hotdmgs jO.78 a01 37 Jaya Holdings 0.45 unch 4559 KeppdCorp 5-35 -0.05 1577 K1 Venture .0.23 0.01
      272 words
    • 281 17 AFP [BRUSSELS] Two cargo ships, both carrying cars, collided early yesterday in the estuary leading to the Belgian port of Antwerp, the port authority said. Although nobody was hurt in the collision, the two vessels were blocking access to the port, spokeswoman Ann
      AFP  -  281 words
    • 204 17 AFP [DHAKA] Thousands of people were stranded on Tuesday at ferry terminals across Bangladesh as vessel owners enforced a wildcat strike to protest stricter safety rules. The Bangladesh Launch Owners Association called for the indefinite strike from Tuesday night demanding the
      AFP  -  204 words
    • 233 17 Greek ship begins to crack in low tides; booms pot in place to protect port Reuters [KARACHI] An oil tanker grounded off Pakistan's Karachi port has started cracking and officials said yesterday they feared a major oil spill in the next 12
      Reuters  -  233 words
    • 116 17 AFP [NEW DELHI] Twenty-eight Chinese nationals were rescued in the Andaman seas off India's east coast Tuesday after their ship sprung a leak, a report said. The Indian coast guard picked up a distress signal from the Chinese ship, the Yujia, reporting heavy flooding, the Press Trust of
      AFP  -  116 words
    • AIRLINE competition
      • 1043 18 Europe's third largest airline is boosting its no-frills unit in a bid to fend off budget carriers encroaching its German market Bloomberg [MUNICH] DEUTSCHE Lufthansa, Europe's third-largest airline, is expanding its low-fare unit Germanwings and reducing regional partnerships to cut costs as chief executive officer
        Bloomberg; AFP  -  1,043 words
    • 107 18 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kyowa 5 KMTC
      107 words
    • 8327 22 thebusinesstimes EXPORT ETA ETA Advartlsar Vassal Voy»g# Talaphona ETA ETA Advartlsar »«rt VoyaQa Tataphona SIN Dast'n Sam, Nam* Numbar Ngimbar S»N Dastn Nam* Nama Numbar Numbar 30/06 07/09 IRISL IRAN ISFAHAN PCI 326 65-6220IM4 To ABIDJAN (ABJ) 2003 Cot. D'lvoiro 30/M 09/09 UASC ?i 1 F H A
      8,327 words
    • SHIPS IN PORT
      • 567 23 Vessel Voy Wo Berth Arrival Departurt JURONG PORT/MULTI-PURPOSE TERMINAL ANABAS 2391E J15 A/SIDE 14/08 060 BTMASITA AUG 15 J1 A/SIDE 14/08 030 DONGYIH ***** J6 A/SIDE 14/08 230 INDUSTRIAL C *****6 J16 A/SIDE 14/08 230 MCHIANGMAI 13 J9 A/SIDE 14/08 070 SANTA SURIA2 043 J22 A/SIDE 14/08 020
        567 words
      • 1822 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES i Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX SAKURA 020N 020N 1 *****003 1 SOO *****003-0400 K10 AL FARAHIDI C247E C247E 1 16*08/2003-08:00 16/06/2003 18:00 ALSABAHIA C255W C255W 1 16/08/2003-IMP *****003-0700 AM. CHIWAN 013W 013W 1
        1,822 words
      • 139 23 Aug IS France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Aug 17 Indonesia: Indepen Day. Aug 24 UKingdom: Summer Holiday. Aug 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
        139 words
      • 788 23 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        788 words
      • 463 23 Cmm mo Uli *17 B4 *2 0-00 0 04 Am 7 DmsMt IMter Inter Aittl—tiliw Irifciil He »e»» U5 10 10 0 0 3 MM *59 8! *5 0« U <L0» MO Mm (Hi M 17J 0.0« 5t 0.03 HW) Mfrt fWi Wo C35 2 0
        463 words
    • AIR & LAND transport
      • 486 24 German carrier bounces back from the red in Q1, but expects operating loss for fall year AFP Bloomberg [FRANKFURT] German airline Lufthansa said yesterday it flew back into profit in the second quarter of the current year thanks to prudent capacity
        AFP; Bloomberg; AP FILE PHOTO  -  486 words
      • 339 24 Bookings op after initial slump, says Abacus but hotels see low occupancy Bloomberg [SINGAPORE] Abacus International Pte, Asia's largest travel and airline ticket reservation company, said last Tuesday's bomb blast in Jakarta had "minimal impact" on travel bookings to the country and
        Bloomberg  -  339 words
      • 224 24 AFP [JOHANNESBURG] The South African government has given a guarantee of US$472 million to key lenders to South African Airways (SAA) and its parent company Transnet because of concern about expected losses, a media report said on yesterday. The Business Day newspaper said SAA
        AFP; FILE PHOTO  -  224 words
      • LOGBook
        • 65 24 Bloomberg [LONDON] Ryanair Holdings pic, Europe's No 2 low-cost airline, plans to add three European routes and scrap another as it expands its network across the region. Ryanair will begin flights between Glasgow-Prestwick, Scotland, and Gothenburg, Sweden; Bournemouth, England, and Barcelona-Girona, Spain; and Frankfurt-Hahn and
          Bloomberg  -  65 words
        • 79 24 AP [HONG KONG] Hong Kong's Dragonair will launch two daily passenger flights to Bangkok, Thailand, in November as part of efforts to expand its reach in Asia, a newspaper reported. The Standard said on Monday Dragonair will first fly Airbus A 320 jets with 150 seats
          AP  -  79 words
        • 81 24 Reuters [HONG KONG] China Eastern Airlines Corp Ltd said passenger traffic rose 6.99 per cent in July from the same period last year as the effects of the Sars outbreak faded. It carried 1.04 million passengers in July, up 151.6 per cent from June when
          Reuters  -  81 words
      • 201 24 Bloomberg [LONDON] .Virgin Atlantic Airways, the UK's secondlargest airline, said it will add flights to Australia should British Airways stop serving the routes. British Airways (BA), Europe's largest airline, is considering cutting flights to Australia in the event the country's regulators
        Bloomberg  -  201 words
      • 294 24 Reuters [HONG KONG] Passenger traffic at Hong Kong's airport rocketed 114 per cent in July from June to 80 per cent of its pre-Sars level, the airport operator said. The deadly Severe Acute Respiratory Syndrome (Sars) virus began to strike Hong Kong with
        Reuters; REUTERS  -  294 words
      • 1945 24 cm FUtHT IT* FU6HT E7D S0325 1445 LHT79 2305 MM 8*7381 *40 8*7382 2215 LM778 1555 ****** 2305 W M OH? 2215 ****** 1555 *****8 2305 tmttrtM *1837 1455 8*974 0130 *****7 1555 IJW7U 2350 *1838 2255 8*7306 1805 S026 2350 5024 2345 W 1 ttimm
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  • Page 17 Advertisements

  • Page 18 Advertisements
    • 646 18 IMPORT MOUTH AMERICA 11 I AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SBX) [AUSTRALIA ASIA EXPRESS (AAX) "I vissa vot id -"S wo vtssa vot me stp Ma aw ere mi pkg ooa UKSKA 70W31 06/01 24/08 26/00 APIIVOOY 62N 02/00 04/01 00/00 00/00 12/00 17/00 19/00 OOCLCAUKMMA 72W32 14/00 31/00
      646 words
    • 464 18 Unas services represented by frnggpore ShippiHß AilPCidion AttCCOMr ULY UNE MALE ARSSEL VOY ETA EU EU A P. KIAN6 SPORE |H Maid 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 Empress lily 0503 13/09 15/09 24/09 MBH mhmhhh ULY
      464 words

  • Page 19 Advertisements
    • 1117 19 I TO USA (SAX SERVICE) VBSa VOY SMI ETA LAX OAK DAI HOP CW COL MH» Ml NYC AntOGUm 1171 20/01 04/0+ 00/09 09/99 09/99 09/09 99/09 99/99 12/99 it/99 AM SWEDEN 0091 27/01 11/09 IS/09 l*/09 l*/09 I*/09 l*/09 l*/09 19/09 19/09 mmturn nw 03/09 11/09 22/09 23/09 23/09
      1,117 words
    • 2173 19 _I 1 IWttWI 0111 SIRVKK FROM SmMPOM TO BUCK SU VIA MIT SIM* ommmmm itocrs KYCMYSC (VKKAHH) 20 MOTS CBKUI AfidfTS MSMCAPOtf: MIOMNSON »#l7-00 SAtB/MGS IH:MNSI»/41 HUL ******71/74 I I HMIIIMI I I IIMIMII Mftflf rncjAD (KIPMNfi PTE ITU SMSAPOXMUW OUTWAMIO/u MNHM 4iiosi7s/7s I VWHMIH tWMW) Z3DA!) n«?ii?ls«iS! TB:*77* IWO(MAM)
      2,173 words

  • Page 20 Advertisements
    • 418 20 VS>l f\B| MAC gNOUIWICT/BOOKWOfc *****344 FAX: >*****33 I-MAM.: Jim—•d«lmn.c.m.» Q im UCLIYIMO DOCUMtMTATK>««/Of «AT>OW» WMM? FAX vKsa vot smpow rowmAiw umvii mim m* comwrr za®£ ss- a jjl— M M -J! —jjjg— fa.jLiy 117W fll>W OMH if/W K/10 W/10 M M* bp*. Mm* tm* MUt Ga*r If HMD Naml hUtmil
      418 words
    • 475 20 WX WAN HAI LINES V TEL: *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more details, call HOTLINE: *****988/1800-*****00 tsmmmmm asu ants* iwa u~m ioToi iT/oi wu ii/oi 191 A
      475 words
    • 482 20 i BSA it. MYANMA VH FIVE STAR LINE (Mpw MKwml UM) L—6m% for Y«fN vcsa vor an m rm reu PAGA* 304W Sl* HPA-AN 307W SIB M 3AUTSIA: OOUSTIAD SMPPMG AGCMCKS NIL 03-*****)04 PtL 03-*****101 PW: 04-******2 BANK LINE (A nnk» tl kakm Wtk jMgM 1 NOKTHiOUNP TO lUKOW V
      482 words

  • Page 21 Advertisements
    • 919 21 |V»SS«L VQY KHM HKO fig PKL PXI IA» PMN BtK SIMA TOUSA PCL 8002 SKIP SKIP 17/0* TB/08 28/08 29/08 05/09 07/09 CAM HMO PCL 8003 SKIP SKIP 24/01 25/00 02/09 03/09 09/09 11/09 NUN ISFAHAN PCL 32* 26/00 27/00 30/03 31/00 07/09 03/09 15/09 17/09 SIMA TOU3A Pa 3004
      919 words
    • 565 21 i isn k UK CONTINENT SERVICE Loodng for THOR LOTUS RTM/ATW/BMNAJK/NAN Load* Singapore, E7W. Matayma. IndonaM MIDDLE-EAST SERVICE" Loading for LOK LAJESHWARI ADN/HDD/JDH/AQA J. FRIEND DBI/ABU/DOH BRN, DMM/KWT LOK PRATAP DBl/ABU/DOH/BRN/DMM/KWT Toads Sngapofß, E7W Malaysia. Indonesia USA SERVICE Loadngtor PAN DYNAMIC VCW/LAX/MZL PACIFIC EMBOLDEN CAM/NFK/SAWNOL Toads EAV. Mataysa. Indoneaa F.E./S.E.A.
      565 words
    • 838 21 vcsa *21 m ESI JffSStt Yfll m ML FKMMM 101* H/M -ttUffil 1214 um IIM rxMWA i«/o» »»/o> muitu mi um um— HKMMPA lliw H/M 19/ M JKJKIIi J2li WM 2km PKIUMA Him 20/ M 21/ M fKSUUI 1015 21/ M _30/M_ ncumi lflin ii/M nm nc UWDA 1019R 2TM
      838 words


  • Page 23 Miscellaneous
    • 112 23 Issued by Meteorological Service Division,NEA LEGEND: < Thunderstorm Wind speed symbols v 7 Showers Full circle w/o line indicates calm or light and variable winds Rain J_ O ne h alf fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x Hazy A -One solid triangle represents
      112 words