The Business Times, 28 August 2003

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Total Pages: 30
1 30 The Business Times
  • 24 1 MfTA (P) 024/03/2003 85c THE BUSINESS TIMES 8 I N G A P O R E Interna, nttp: /business-times.asial com.sg THURSDAY. AUGUST 28. 2003
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  • 512 1  -  BT exclusive High premiums, rising labour costs driving foreign firms to relocate From Shoeb Kagda in Jakarta AS fears of more terrorist attacks mount in the world's largest Muslim country, foreign companies face significantly higher insurance costs making Indonesia even more unattractive as an
    512 words
  • 600 1  -  The two countries sign seven pacts to boost trade ties By Loh Hui Yin [SINGAPORE] Thailand and Singapore are planning a joint business mission to China next year, to explore opportunities with that emerging economic powerhouse. The proposed mission emphasises the
    ARTHUR LEE  -  600 words
  • 72 1 □sn 1,594.52 (-5.50) ST INDEX FUTURES 1,003.00 (-1.00) nSIMSCI FUTURES mm ioojo (-1.30) Wednesday Change KLSECOMP 744.62 +360 NIKKEI 225 10.308.99 23.58 HANG SENG _10,678.55 75.38 SET INDEX 525.82 5.24 JAKARTA COMP .530.86 +2.10 MANILA COMP I.242J1 594 TAIPEI WPI 5,553.43 -4.82 SEOI LCOMP 758.98 «M SHENZHEN B 224.40
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  • 84 1 FOREX RATES US* SS I'SS (SSperl SS) 1.755 £(I'S$/SS per 1.568 1751 El!RO(l!S$/S$/E). 1086 1.906 YEN 117.7 67.10 RM 3800 2.165 HKS 7.799 4 444 BAHT 41.31 23.54 Rl P1AH 8,456 4,818 RENMINBI 8.299 4.729 INDIAN Kl PEE._. 45.85 26 12 AS 1.564 0891 NZ$ 1.754 0999 PRIME RATES
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  • 658 1  -  BT exclusive But local firms lost US$75m on US$2.9b invested in US By Chuang Peck Ming (SINGAPORE! American business has continued to reap above-average returns from direct investments in Singapore, despite talk of its high cost structure. US multinational corporations posted
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  • NEXT page
    • 795 2  -  Lower salary ceiling for CPF to raise tax and hit middle-income earners the most Reports by Gienevieve Cua [SINGAPORE] A lower salary ceiling for CPF contributions is set to raise employees' income tax liability, hitting middle-income earners the hardest. Based on numbers crunched
      795 words
    • ON THE grapevine
      • 157 2 CONSTRUCTION firm BBR Holdings celebrated its 10th birthday with a sharp spike in interim profits. And CEO Andrew Tan was relieved, to say the least. "I know this sounds like an Oscar speech but I would really like to thank all my supporters, bankers who have held
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    • 346 2 Terminations likely as heme leans will take top priority [SINGAPORE] Regular premium insurance plans now sitting in the CPF Investment Scheme (CPFIS) may be a casualty of the impending cuts in CPF contribution rates. This is because the top priority for members will
      346 words
    • 321 2  -  Applications total $2.9b; issue worth $1.5b By Serena Ng [SINGAPORE] The Monetary Authority of Singapore has been vindicated in its decision to push ahead with a controversial 15-year government bond issue despite recent turmoil in global bond markets the issue attracted nearly
      321 words
  • Page 2 Advertisements
    • 25 2 Are You Ready For The GST Changes? W f GST Rate Increase Recent Developments Seminar A. 19 September 2003 (Friday) Quality In Everything Wg Do
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    • 43 2 A-' .1 Th© WOrld S Incorporation Fees from USSbOO Full professional a'ter sales se'nce leaaing provided. For a complimentary consultation, contact. Offshore Ms F i orence N at han Company and Tax Tel: (65) 6535 3382 Planning Fax: (65) 6535 3991 Specialists OCI3
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  • 946 3 Singapore's top realtor Ivy Lee explains why she has her hands full despite the economic slowdown SHE may be Singapore's top real estate agent but there's nothing haughty about Ivy Lee. In fact, she's surprisingly down to earth and good-natured. No airs or
    946 words
  • 206 3 "Having worked with Ivy who is marketing several of our properties, we have found her to be very hardworking, and resourceful. She shows a high level of commitment, professionalism and customer service in the various assignments, and has been effective in delivering sales. We have no doubt
    206 words
  • 352 3 IVY LEE is the ultimate poster girl for Ivy the Beauty Clinique. The 39-year-old busy professional is an image of youth and svelteness. As a top-notch real estate agent, she has a constant stream of regular lunch and dinner invitations. While this helped build up rapport with her
    352 words

  • CPF REFORM
    • 1799 4  -  CPF's evolution over the past 50 years mirrors social policy priorities By Anna Teo THOSE who joined the workforce only in the 1990s may be surprised that total contributions to the Central Provident Fund amounted to a good half of monthly salaries in the
      Source: CPF Board  -  1,799 words
    • 831 4  -  10-point rate cat in 1999 sent private home prices soaring 34% By Kalpana Rashiwala IF you're looking for a glimmer of hope for the property market from today's CPF rate-cut announcement, you may find some solace in history. The last time the
      FILE PHOTO; Source:; Source: URAMDB  -  831 words
    • 615 5  -  US economic recovery, liquidity also play a part By Andrea Tan CPF cuts equal a hike in stock prices? History seems to suggest so. But analysts say all the credit shouldn't go to CPF cuts. Instead, the broader economic outlook was the
      Source: Merill Lynchi  -  615 words

  • Page 5 Advertisements
    • 258 5 1 wn tradition. An ®F. t- |Lh]^K^ You never ■>! A y/ actually own a Patek Philippe. KNJI.M/ h£^^mi You me re ly f look after it for the next generation. caiairava by Patek Philippe B THE HOURGLASS SINGAPORE MALAYSIA <6(654- K) THAILAND TAKASHIMAYA SC TEL 65-6734 2420 KUALA lUMPUR
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  • SINGAPORE markets
    • Article, Illustration
      298 6 OTHER SINGAPORE INDICES At« 27 VALUE CLOSE WOMK -146.00 307.00 ■FCHPI -*****.00 -99.00 -*****.00 -15.00 JMUQEjriMw 431.50 -0.69 UriR-nnnl 164.85 +1.44 mr.nMnBm 1356.43 9.72 WMaMnPUp 393.29 40.56 ■tflflwi 196.49 -0.42 IMfirMilill 196.80 -1.30 Pac Andes 20c 29,997.000 Chart SemiCond 26c 22,785,000 Pac Andes W*****0 19,278,000 NOL 18.607,000 Coscolnv20c 17.670.000 Integra
      298 words
    • 291 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan SOFA-MAKER HTL International is a company which continues to surprise with its strong growth and excellent results. It has just unveiled an 11.9 per cent rise in its HI earnings to $11.9 million. Its
      291 words
    • 723 6  -  BT comment STOCKS ven sreenivasan STRONG US economic data and a positive overnight close on Wall Street failed to snap the local bourse out of its losing streak yesterday. The weakness came ahead of today's announcement of changes to Central Provident Fund contributions, which
      723 words
    • 585 6  -  BT comment CURRENCIES Intervention talk the main influence on other Asian currencies larry wee THE Australian dollar was hammered to its lowest levels in three months or more in Asian trading yesterday, while central bank intervention talk called the shots elsewhere in the region.
      Source: Reuters  -  585 words
  • 2051 6 UNIT TRUSTS FUNDS IfflUuiaQilm CMaWtankJV M» CMSkWUhMkMaM UW m CaaGhMiWaMaiN Wl £SSI2r nS Ca»C««m»coiii*d»Fd VGJt SSSES i'T CanaaWMaMcMBF«" 0J31/ SttbwuM-—. U1V Ca«GbMtn»M*Fd 0902/ £1512 V2 0.7* Cora fpartlnd Find/ A 1.077/ SwGhMMminMt** 020* CMl Aptal* AM* Mjl fpn LM SatoftoftpnFurt" 0618/ Ww-Wittml" 03Ml*7 MuMSM»M ***** DH/MMH SarAriaBondtySO) 0.77* IjOiniW MuMSBMarKKUSO
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  • Page 7 Advertisements
    • 54 7 (Z_) L-EXL-l^ I K I' > I J A- > t* ,<J»TI...:-•- rA'VfTr*.-- *z jMM^ _XT m <• 9 ,< -dfciar*^ > l>^' V ig% Aided by extensive Computer Aided Engineering v 'thoi t"ic lp ES3oo's inci mirrors find minimised gaps between panels ;f Needless to soy design is of
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  • SINGAPORE companies
    • 513 8  -  Person who helped oust Inno-Pac directors may face similar threat now By Kenneth Lim IT may seem like a blast from the past to know that a group of Ipco International minority shareholders are seeking to replace every member on their company's board
      513 words
    • 271 8 Bloomberg METRO Holdings Ltd said Ergo Versicherungsgruppe AG is one of the biggest buyers of the $560 million of bonds it's selling backed by its 27 per cent stake in Singapore's biggest retail and office complex. Ergo, Germany's No. 2 insurer, agreed to
      Bloomberg  -  271 words
    • 802 8  -  HOCK lock siew serena ng VENTURE Corp's chief executive officer Wong Ngit Liong is a picture of cool confidence. Global slowdown or not, China threat or not, one can find the same optimism and confidence that he has been displaying at
      802 words
    • 364 9  -  The construction companies buck industry trend By Andrea Tan CONSTRUCTION companies BBR Holdings and Chip Eng Seng Corporation have bucked the industry trend of declining profits or widening losses. Both have reported robust profit growth for the six months ended June.
      CHRIS LOH  -  364 words
    • 179 9 BELEAGUERED property group Ban Hin Leong is looking for investors for its Alocassia serviced residences in Bukit Timah through a share invitation from the public to raise $31 million. The company that is raising the funds, Aloecassia Ltd, has obtained an inprinciple letter from
      179 words
    • 220 9 FORMER "remisier king" Peter Lim has undertaken to support a non-underwrit-ten rights and warrants issue proposed by mainboardlisted IT solutions firm aspnetcentre, which is seeking to raise up to $4.9 million. aspnetcentre, which was listed on the Singapore Exchange in July last year, yesterday
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    • COMPANY Briefs
      • 62 9 COSCO Investment reported a strong set of results for the first half and expects profit for the full year to be "significantly higher" than last year. Cosco—part of the China Ocean Shipping (Group) Company— posted half-time earnings of $8.1 million, up from $0.3 million in
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      • 52 9 SAKAE Sushi owner Apex-Pal International said the public tranche 0f836,000 shares in its initial public offering was 916 times subscribed. It offered a total of 16.5 million shares at 26 cents apiece, and based on the total invitation size, the IPO was 47.4 times subscribed. Trading
        52 words
      • 59 9 MALAYSIA'S Ann Joo Resources has denied that it is in talks to sell its 30.04 per cent stake in listed Malayawata Steel to Singapore's Nat Steel. Chinese paper Oriental Daily News had earlier reported that Ann Joo might sell its stake in Malayawata
        59 words
      • 75 9 Bloomberg STANDARD Chartered has raised its mortgage rates in Singapore to keep pace with local rivals reacting to higher interest rates. Stanchart, one of six overseas lenders awarded expanded banking licences in Singapore, won't lose market share as a result, Wilson Chia, head of consumer banking
        Bloomberg  -  75 words
      • 94 9 Bloomberg ROBERT Kuok's Allgreen Properties said second-quarter profit fell 61 per cent to $13.4 million as it sold fewer homes and had lower sales at its Traders hotel in Singapore. Sales fell 63 per cent to $43.7 million. It said it postponed the sale of
        Bloomberg  -  94 words
    • 425 9  -  Jump in commission, trading income fuels revenue rise By Serena Ng SINGAPORE'S largest broking house, UOB Kay Hian, said yesterday its net earnings for the April-June quarter rose 49 per cent a modest gain compared with those reported by listed peers
      425 words
  • Page 8 Advertisements
    • 68 8 To all our speakers at the 'Profile off a Singapore Entrepreneur* talk series. Yob have our appreciation for sharing the secrets of your success. t- To all our participants who made it their business to listen ft learn. You have our gratitude for making the event a sell-out success. And
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    • 135 8 £—3 I J Total Amount Allotted SGD 1,500,000,000 Non-Competitive Applications SGD 596,675,000 I KwSri' which allotted to MAS SGD 500,000,000 .jl II Total Amount Applied SGD 2,866,112,000 11 fl~* Cut-off Yield Price and J.l 11 Average Yield Price and jfl II 11 I] I^notted APP Approximately 18% 11 H II
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    • 453 8 in The Matter Of The Companies Act. Cap 50 And bi The Matter Of JONES LANG LASALLE HOTELS PTE LTD (In Members' Voluntary Liquidation) Mtrtm' Vihiii ilnrj' Winding U» Al an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held on 27 August 2003 at
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  • Page 9 Advertisements
    • 100 9 i,v* 'ivT'J» <I f C* V > ,j*»* tiy'i- 'Vi sfe t* i"** W-^V"',' s i r *3KSWJ >tT 1 3** s."* s 2W W y ....HI gjE?-v«BSk-'Sk^el-' if **-1 *f >: v i lis R i.-i v/jc, i v:~ ~Jsr-.-\ ;;>- ?Pfe*'"'••• <3® r --Jfe?tf W >-ASSiM ''sL- 1
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  • EXECUTIVE suite
    • 594 10  -  Both have placed 'amended bids' for the mall whose price has now crossed $240m By Kalpana Raahiwala THE two most active investors in Singapore suburban malls, Capita Land Group (which includes Capita Mall Trust), and GRA Singapore, seem to be heading for
      594 words
  • Page 10 Advertisements
    • 1470 10 m I ONES Lan g WLaSalle. #10-01/02/03/04 The Octagon Mortgagee's Auction A Office space located on the 10th storey of a 25 storey commercial building. Prominently located at the junction of Cecil Street Boon Tat Street within Prime CBO. W /ilillnHn Walking distance to RAFFLES MKT station. filifHißi m Tenure:
      1,470 words
    • 476 10 S'". pipi I «cnrv -T Various sizes up to 14,000 sq ft Instant move-in subject to conditions Allotted parking/Loading in front of unit Tel: 6344 2002 AT ——-r PAYA ÜBI 111 53 Übi Avenue 1 #01~ii industrial park £,***l*B STAMFORD TYRES CORPORATION LIMITED (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL
      476 words
    • 187 10 IN THE MATTER Of THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF NIPPON HUME INTERNATIONAL PTE. LTD. (IN MEMKRS' VOLUNTARY LIQUIDATION) NOTICE IS HERESY GIVEN pursuant to Section 308(1) of the Companies Ad, Cap. 50, ihol a Finol Meeting of the obovenomed Company wit be held at 8
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  • SINGAPORE news
    • 324 11  -  No job cats envisaged right now at S'pore ops, which employ about 700 By Amit Roy Choudhury THE Singapore operations of Matsushita Electric Industrial Co's (MEI) motor company will not be affected at present by a restructuring exercise and new growth strategy announced in
      324 words
    • 356 11  -  Manila, Bangkok best placed to win business from S'pore MNCs: ICPAS VP By Kenneth Lim HOMEGROWN multinational companies are likely to define the next wave of financial and accounting outsourcing if it arrives, an accounting industry spokesman said yesterday. And Manila and Bangkok are best
      ARTHUR LEE  -  356 words
    • 271 11  -  By Kenneth Lim ARMED with proposals by Singapore's SembCorp Engineers and Constructors, Bharat Mekani, director of trading and representation company CIS Agriferts, will meet Kazakh officials this week to explore business opportunities. Meanwhile, Chng Chung Yuen, industrial business unit vice-president of systems integrator
      271 words
    • 261 11  -  EYE on the economy business receipts By Serena Ng SHARPLY lower income from the air transport industry during the Sars outbreak led to a 9.6 per cent year-on-year dive in Singapore's business receipts index for services industries in the second quarter. This was the
      Source: Dept of Statistics  -  261 words
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  • EDTORIAL & opinion
    • 858 12  -  THE bottom line OPINION william pesek jr Bloomberg CENTRAL banks, ifs often said, are there to take away the punchbowl just as the party gets going. China's did just that this week, and investors shouldn't miss the significance of the move. China is
      Bloomberg  -  858 words
    • 54 12 'You cannot talk when people have a gun to your head. You should not talk when people have a gun to your head. You have to stop the violence first' Michael Bloomberg the New York Mayor, on a visit to Jerusalem, urging city leaders and residents to
      54 words
    • 533 12 EDITORIAL IF Indonesia is to recover the economic momentum that was steadily gathering pace before a car bomb ripped through the JW Marriott Hotel on Aug 5, then the government will have to deal with the challenge of terrorism in a more proactive manner than
      533 words
    • 1226 12 It depends on the benchmark used to assess performance. It should be stringent enough to convince shareholders that the recipients deserve the reward By SUPPOSE your child sat a test in a class of 40 students and was placed in the top 20 per
      FILE PHOTO  -  1,226 words
    • 466 12  -  MAIL bag Chan Khim Soo Singapore I REFER to the article "CPF cuts will come with relief pack: DPM Lee" (BT, Aug 25). It left me wondering who will benefit from some of this relief. The government may give handouts for a certain period, but
      466 words
  • Page 12 Miscellaneous
    • 223 12 CRYPTIC CROSSWORD state caprtal 28 Depart, or move about, as if s mindlessly repeated (8) Er>g k S h flower-beds (8) YESTERDAY'S SOLUTION DOWN 14 Is it enjoyed by the jet set? Acre 7 Elephants, 8 Half a 1 Wagnerian heroine that is A 4 n 4 .10 Picket, 11
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  • REGIONAL news
    • 508 13 CURRENCY SPECULATION President's statement lifts peso from new 31-month low on Tuesday [MANILA] Philippine President Gloria Arroyo ordered the central bank yesterday to crack down on speculators and "use feasible monetary tools" to stabilise the foreign exchange market after a sharp fall of the
      508 words
    • NOTEBook
      • 67 13 Reuters [HONG KONG] China will sell US$l billion of dollar-denominated debt and anothersoomillion of euro bonds later this year, its first global issue in more than two years, banking sources said yesterday. Hie move surprised bond investors as China's foreign currency reserves have ballooned
        Reuters  -  67 words
      • 54 13 Bloomberg [KUALA LUMPUR] Maxis Communications of Malaysia said profit in the second quarter rose 19 per cent. Hie company reported net income of RM228.7 million (*****.4 million), or 9.3 sen a share, in the second quarter compared with RM192.9 million or 9.5 sena share,
        Bloomberg  -  54 words
      • 62 13 Reuters [KUALA LUMPUR] Malaysia's main Islamist opposition yesterday predicted a snap general election in September, although Prime Minister Mahathir Mohamad has repeatedly ruled one out until after he steps down in October. Bernama reported Parti Islam se-Malaysia vice-president Mustafa Ali as saying the
        Reuters  -  62 words
      • 62 13 AP [BALI] More than 1,500 Balinese tourist industry workers took to the streets of the capital Denpasar yesterday to protest against government plans to revoke visa-free travel for foreign visitors. Many say Jakarta's plans will crush efforts to revive the industry after it was devastated
        AP  -  62 words
      • 68 13 Reuters [JAKARTA] A verdict in the treason trial of Indonesian militant cleric Abu Bakar Bashir, the suspected leader of the Jemaah Islamiah group, will be delivered on Sept 2, chief judge Muhammad Saleh said yesterday. "The panel of judges will come up with
        Reuters  -  68 words
    • 96 13 AP [MANILA] The military and riot police were deployed at a pro-democracy shrine yesterday to prevent possible anti-gov-ernment protests that could worsen the peso's slide, officials said. The troops, deployed late on Tuesday, closed off traffic in a lane fronting the EDSA
      AP  -  96 words
    • 378 13  -  From Eddie Toh in Kuala Lumpur MALAYSIA chalked up higher-than-expected growth of 4.4 per cent in the second quarter. The Malaysian central bank's latest growth figure is more moderate than the revised first-quarter rate of 4.6 per cent year-on-year. Still, economists had
      378 words
    • 363 13 MANILA Analysts cite strong fundamentals and discerning investors AFP SOUTH-EAST Asia need not fear a 1997-type contagion triggered by the rapid slide of the Philippine peso as the region is protected by strong economic fundamentals and more discerning investors, analysts say. Political
      AFP; AFP FILE PHOTO  -  363 words
    • 158 13 BEIJING AFP CHINA'S foreign exchange authorities will launch an investigation into forex clearing and settlement which will include foreignfunded commercial banks, reports said yesterday. The State Administration of Foreign Exchange wUI look into how these banks receive and settle forex accounts for themselves or
      AFP  -  158 words
    • 325 13 JAKARTA Illegal documents used in loans to PT Danareksa Jakarta Bloomberg A GROUP of foreign creditors who lent US$lBO million to an Indonesian company for the construction of a Jakarta Stock Exchange building may lose the entire sum, under a decision
      Bloomberg  -  325 words
  • Page 13 Advertisements
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  • Article, Illustration
    1033 14 Transaction date:Aug 27 MTBEBAMM CROSS KATES AS C$ !■> faro HK$ 68t» tmUk Vw Mm 1 lg$ Nfcta Hm U —< Mr IT* to* N— US$ Awtraia 0.894 5207 0.519 4.917 29.317 ***** 0.753 7.532 2.430 U21 36.925 HM LU2 4690 0.904 21X72 24.416 0.40i 0X39 CMtfi ilH 5.934
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  • WORLD news
    • 416 14 WASHINGTON Report also finds big corporate tax breaks, pension woes at such firms AFP THE typical chief executive of a major US company earned US$3.7 million last year, with the largest paychecks going to those whose companies had the most worker layoffs,
      AFP  -  416 words
    • 247 14 Bloomberg [NEW YORK] New York Stock Exchange chairman and chief executive Richard Grasso will be paid at least US$2.4 million a year through 2007, part of a twoyear contract extension at the world's biggest stock exchange. The NYSE also gave him US$l4O million of
      Bloomberg; KILE PHOTO  -  247 words
    • 476 17 MILAN But it leaves out look for the US unchanged at 2.2% Reuters THE International Monetary Fund is set to cut its global growth forecast, warning there are still significant risks to a budding recovery, but leave its US outlook unchanged. The
      Reuters  -  476 words
    • 267 17 STOCKHOLM AFP SWEDISH telecommunications giant Ericsson threatened yesterday to move both its production and headquarters out of Sweden if Swedes reject the euro in a September 14 referendum. The veiled threat from Ericsson's chief executive Carl-Henric Svanberg was reported in the
      AFP  -  267 words
    • WORLDWatch
      • 109 17 Reuters [NEW YORK] Investors could reap millions of dollars from securities brokers that did not give promised discounts on commissions on some mutual fund purchases, the Wall Street Journal said yesterday, citing a National Association of Securities Dealers report The NASD report, published on
        Reuters  -  109 words
      • 87 17 Reuters [NEW YORK] The number of applications Americans filed for mortgage loans fell last week on a steep drop in refinancing requests. The Mortgage Bankers Association of America said yesterday its seasonally adjusted gauge of overall mortgage requests fell to 638.6 for the week ended
        Reuters  -  87 words
      • 80 17 AFP [SEOUL] South Korea's state-run Korea Exchange Bank (KEB) said yesterday it has agreed in principle to sell a controlling 51 per cent stake to a US investment fund. "We are going to sign a contract this afternoon to sell a 51
        AFP  -  80 words
  • 1511 14 SICOH FUTUIiBS Aug 27 MIMEt tans (Ctea« prices) KSSt (Scmb/k4) ctose Yotam Open Mowtt M|k low Sett (towes) Interest Sep 03 188.25 Oct 03 ***** Nov 03 «62S Dec 03 ***** RSS 3 (US ctab/kq) VofcMe Opm Moat* Mid Lot Sttt (town) Interest Sep 03 106.75 1550 Oct 03
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  • Page 15 Advertisements
    • 441 15 "A stainless steel player with capabilities J in manufacturing, distribution and IHjft9 engineering construction" M»wH JUL Congratulation*) I QCO to AmmAIK I i I I I I Hi (INCORPORATED IN SINGAPORE ON 24 SEPTEMBER 1977) I I I I Ml> I Manager, Underwriter and Placement Agent I I TECHMAT GROUP
      441 words

  • 4445 16 Transaction date:Aug 27 HONG KONG m hmmi us 0.05 <479 IKS *h tm Hong Kong Electric ...30.80 010 2465 Hongkong Chinese 0 90 -0.01 3702 Alpha General... .017 -0.01 0 Hongkong Chinese Ltd 0.90 -001 3702 AnandaWingOn —.0.01 unch 0 Hopewell htotd.ngs 8 65 unch 1637 Anoana New
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  • 2285 16 Transaction date:Aug 27 KUALA LUMPUR wgj General Soil 1.26 unch 0 KM W- rooo) Genting —15.30 020 385 George Kent .0.51 0.02 157 A* M Realty 1.07 unch 295 GlobelronicsTeeh... _550 unch 50 Abric 1.12 0.04 588 GlomacBhd 342 0.06 590 ACP Industrie 330 0 06 102 Gold Bridge
    2,285 words
  • 780 16 Transaction date:Aug 27 >w> i Ot g—t 9>a<> —i w qm (>ii AJtaraan 50c 0*0 0499 NMSMl 50c 062 IW -0D20 OK 0.64 UfO *0060 OCBC 0.79 ***** Ctptaund 113 1*0 OUC 041 6450 Chart ScmtCond26c 140 1490 *0420 NrfcWj H29c <U7 0499 ♦0.005 City Ocv 50c 147 $100
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  • 537 16 BONDS WARRANTS M M M (mm to 'mk to-% Cm*» Cf> to *m- f> toto M» U» 3698 AST1W*****1 11 -1 90 1 16 15 2.14 10 3697 Acrru Ltd MAM 1 116 1 1 SO 386 10 50 15 mi AmM W*****0 SO unch 78 1 33 -1 1J
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  • Page 16 Advertisements

  • 6328 17 Transaction date: Aug 27 for live prices, log on to unvwxisiaonemarketsjom SHk T«t Lot Vol toy UMQMM Mb Dt» GrVU MM MCaa HWiUbCi* Cliflf M« W- nap) Hh» t— -wr Cw P« to* 5300 A8NAmroNLG 56c 9 12 3.4 1318 19.5 9 1500 ACE Dynarr»a20c 15.5 -1 20
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  • Page 18 Advertisements
    • 135 18 CO THE POSSIBILITIES ARE INFINITE pUJ|"|"^JJ i e Complete! ■I p dfl 4 rJ -J U| Ly fi-4110EOX2~* Fujitsu Asia Pte Ltd 20 Science Park Road #03 Ol TuloTech Park Singapore Science Pork (I Singapore *****4 To! +65-6771-5435/6771 5422 Fa* +65 6771 5499 Erooil query© vj fu|itvj corn Http //sg
      135 words
    • 347 18 I DAVE'S DELI (CENTRAL) PTE LTD I Creditors of the abovementioned company and any persons who have an interest in the abovementioned company are requested to submit their claims in writing to the undersigned within one month of the date of this advertisement If no claim is received by then,
      347 words
    • 349 18 In the Matter of Dm Companies Ad, Cap. 50 And In Ikt Matter of TIM-MIX PTE LTD STATUTORY DECLARATION BY DIRECTORS OF COM PANTS INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES We. JENNIFER HONG NEE GOH SOR ENG of 23 St Hitir 1 Amimi Singapore *****9, NRIC No.
      349 words
  • BIZIT
    • 943 18  -  IT comment INFOTECH The influeantial columnist, who visits Singapore next week, sòunds off on IT's top players and a dinner that IBM would rather forget kenneth james TRUST PC Magazine's John C Dvorak to come out with a unique take on the recent Blaster
      943 words
    • 170 18 AP [TOKYO] For a growing number of companies concerned about computer viruses and data security, a new kind of server-based local area network is becoming an attractive option. According to the Asahi News Service, the network consists of a central server that
      AP  -  170 words
    • 125 18 Reuters [NEW YORK] Telephone service provider BeUSouth Corp said yesterday it would aUow its customers to bundle DirecTV digital sateUite television services with their phone service starting in 2004. BeUSouth clients wiU receive discounted rates for the combined services throughout a nine-state region
      Reuters  -  125 words
    • 410 19 New products resulting from the tie-up to be announced later AFP [TOKYO] Newly merged Japanese office equipment maker Konica Minolta Holdings Inc said yesterday it will provide copier machine engines to US computer and printer group Hewlett-Packard starting later this year.
      AFP  -  410 words
    • 298 19 AFP [SINGAPORE] The phenomenal growth of Asia's mobile phone download industry has spawned widespread music piracy and copyright owners are waging a tough battle to claim royalties in a region sorely lacking respect for intellectual property. The International Confederation of Societies of Authors and
      AFP  -  298 words
    • 734 20  -  Along with S Korea, the 2 economies account for 63% of Asia Pac's semicon revenues, says Raju Chellum Raju Chellam SINGAPORE'S semicon sector can achieve double-digit growth rates if it supplies the bulk of its production to just two economies, China and South Korea, latest
      BLOOMBERG  -  734 words
    • 310 20 THE semicon sector comprises a host of categories, including logic and memory devices, optoelectronics, microprocessors, and digital signal processors. The total semicon market is expected to grow 16.8 per cent to US$lBO.9 billion next year globally. Here's how individual categories will fare, according to the Semiconductor
      310 words
    • 424 20 New employees will be split between Singapore and HK Bloomberg [SINGAPORE] Thales Information Systems SA, the computer services unit of Thales SA, said it plans to double its workforce in Asia in the next three years to expand its business for
      Bloomberg  -  424 words

  • Page 19 Advertisements
    • 409 19 I Lia n ho o I I "Real estate queen" I I ventures I I business I BH£UUU!£Uli!UL!illU!lll!EZs2sE2s2Zs^^l ALLGREEN PROPERTIES LIMITED (Incorporated in the Republic of Sngapore) The Board of Directors wishes to announce tbe following unaudited results of the Group for the half year ended 30 June 2003: 1
      409 words
    • 10 19 i HAS WORK TAKEN OVER YOUR LIFE? I W SOriV^APF
      10 words


  • SHIPPING TIMES
    • 279 21 Reuters THE Baltic Dry Index fell 17 points to 2297, the Baltic Capesize Index fell 20 points to 3268, the Baltic Panamax Index fell 32 points to 2094 and the Baltic Handymax Index rose 30 points to *****. 'IUU^CHAI'IUL Cape Good Hope (built 1981)*****0/10 N ouadhibou/ Rotterdam 1/15
      Reuters  -  279 words
    • 255 21 SOX *000 *—27 W- <W CWT Distribution J0S7 0.02 111 ChuanHup 0.44 unch 1452 CHOfbhore ,031 unch <50 Cosco lrN«yjiiciU 047 0.02 17*70 Frwght links 0lO7 unch IIS GSnoldingi .0.75 -0.01 120 Jaya Holdings 0 47 -0.01 1903 KappelCafp 5.10 0.05 1166 KlWriture 0.22 -001 2915 KeppelTele 0J5
      255 words
    • 544 21  -  DM1.45b profit in first half due to higher freight rates, volumes; group warns of uncertainties ahead By Beth Jinks [SINGAPORE] AP MoellerMaersk's container shipping activities bounced back in the first half of 2003 on higher freight rates and improved volumes, but the good result
      FILE PHOTO  -  544 words
    • 209 21 Bloomberg [MIAMI] Carnival Corp, the world's largest cruise-line operator, said chief executive Micky Arison and his family will sell as many as 32 million shares over the next two years to diversify their finances. The sale represents 4 per cent of Miami-based Carnival's outstanding
      Bloomberg  -  209 words
    • 356 21  -  AMSA is also moiling new options to weed out sab-standard ships Front Evelyn Duffy in Perth AUSTRALIA'S port state control body is examining new options to eliminate sub-standard ships from its coastline, but it has indicated that its greatest challenge lies in raising
      356 words
    • 76 21 [SINGAPORE] Hamburg Sud has dropped its Kien Hung brand for liner services between Asia, South and West Africa and South America, opting to operate them under its own banner. The move was described as a "logical step" to show that its recently acquired and re-organised Asia services
      76 words
    • 81 21 [BUSAN] A ship (bottom) waiting to be unloaded at a terminal in Busan. South Korean police were seeking the arrest ofeight truck drivers on Tuesday for leading a strike authorities believe is illegal and which has disrupted freight flows and cost the country USs33Bmillion in delayed
      REUTERS  -  81 words
    • AIRPORT security
      • 914 22 Zipping through security here's how New products on the market aim to help fliers pass through US airport checkpoints with minimum fuss NYT SHORT of flying naked and empty-handed, there's no sure way to breeze through airport security checkpoints these days. But never underestimate the free market Shoe manufacturers, luggage
        NYT; REUTERS  -  914 words
    • 106 22 PACE BSA 7 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 8 China Shpg 8 CWT Globelink ...7 Delmas 7 Dongnama 3 ECL 3 Far Shpg 8 Foong Sun 8 Gemartrans 7 Hamburg Sud 8 Hangli 7 Heung-A 3 IRISL 8 Kapal Kris 7 Kyowa 8 KMTC
      106 words
    • TRANSHIPMENT
      • Article, Illustration
        302 24 George Joseph port must be somewhere eking the major trade routes end so several buddhgoompetitors may just lose out by being out of tie way. But that need nsf prevent an executive dScWon to pick a greenfield site slap in the midde of a major sea route, If a
        George Joseph  -  302 words
      • 819 25 A look at the major factors that make Singapore a transhipment hub Excellent connectivity, the wealth of value-added services provided to shippers and shipping lines, and a probusiness environment continue to remain the major factors that make Singapore a transhipment hub. But this was not achieved overnight
        819 words
      • 596 26  -  Move for direct cross-strait trade likely to hit Hong Kong's transhipment business, reports P T BANGSBERG P T BANGSBERG THE biggest threat to Hong Kong's huge transhipment business is a restoration of direct trade links between China and Taiwan. Under the current ban imposed half-a-century ago
        FILE PHOTO  -  596 words
      • 769 26  -  By P T BANGSBERG THE private sector, as so often, was well in the lead, but after months of tedious discussion, official Hong Kong appears to be taking seriously the threat posed by its feisty neighbour just to the north Shenzhen and
        FILE PHOTO  -  769 words
    • SHIPS IN PORT
      • 601 29 ¥l Vtty Wo BfO Airtwl Mparlurc JUKOMG PORTflRULTVPUIIPOK TERMINAL LUCKY STAR ***** J4 A/5IOE 28/08 2300 M CHIANGMAI 14 J9 A/SIDE 28/08 1400 MARE GALUCU TO 11 J17/18 A/SIDE 2&06 0600 OCEANIA QUEE 4 15 A/StOE 28/08 0600 5UM8ER MAS 6 2146A J 7/8 A/SIDE 28/06 0630 ANA
        601 words
      • 1727 29 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un Berth Name Voy Voy seq berthing Nmbr ACXUIAC 056S 056S 1 31*********** **********00 ACX MARGUERI 021N 021N 1 30i'0e*****500 31*********** AL FABAHMM C2S7W C2S7W 1 **********00 **********00 AL MUTANABM C2496 C2496 1 30*********** 30******3 1700 AM i*YA
        1,727 words
      • 132 29 Aaf 31 Malaysia: National Day. Philippines: Nat Heroes Day. B*l Canada: Labour Day. U.S.: Labour Day. Sap 2 Vietnam: National Day. Sap 3 Vietnam: Nat day Hoi. Sap 11 Brazil: Independence Day. South Korea: Harvest Fest Day. Taiwan: Mid-Autumn Festival. Sap 12 Hong Kong: Day after Mid-Au tumn.
        132 words
      • 813 29 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sued stem Market movements are indi cated The Cockett Bunker Price Index change and
        813 words
      • 415 29 Carte* WO Mm 994.8 0.6 15.4 0.07 31 0.04 21 DmmHt Water ImMm AiIMmMm ScMtit No abow C2S 2 0 7 0 0 0 =22 380 A«t 986.7 0J MX 0.05 n W 300 Mai 992.6 8.6 17.4 0.10 78 0.06 M/in »M/M ll/ll WW mttu*
        415 words
    • AIR & LAND transport
      • 416 30 Taiwan carrier may return to profit for fall year: analysts Bloomberg [TAIPEI] China Airlines, Taiwan's largest carrier, suffered a net loss of NT$9O5 million (5546.35 million) for the first half of 2003 as people shunned travel due to the Sars outbreak.
        Bloomberg; FILE PHOTO  -  416 words
      • 227 30 Bloomberg [WASHINGTON] The US has trained hundreds of airline pilots to carry guns, the head of the Transportation Security Administration said in rejecting complaints by pilots' groups that the process is too slow. "Pilots that would criticise us are off
        Bloomberg  -  227 words
      • 413 30 AFP [PARIS] Air France and Dutch airline KLM stand to make substantial operational gains through a partnership in the form of KLM membership in the Sky Team alliance or an equity swap, but an immediate full merger would be too
        AFP  -  413 words
      • 69 30 [HONGKONG] Chairman, president and CEO of United Airlines, Glenn Tilton addressing a press conference in Hong Kong. United Airlines and the Hong Kong Tourism Board have joinedforces to declare October 2003 "Visit Hong Kong Month with the full restoration of pre-Sars flight scedules to the
        AFP  -  69 words
      • 354 30 FedEx, UPS say buyout dependent on financial guarantee from Deutsche Post Reuters [WASHINGTON] The buyout of DHL Airways by US investors was dependent on a financial guarantee from Germany's Deutsche Post, rivals claimed on Tuesday as the government opened hearings on whether the deal
        Reuters  -  354 words
      • 349 30 It hopes to beat Airbus to US$600m, 18-plane order Reuters [NEW DELHI] Aircraft maker Boeing said it had dropped the price of its 737 jets in a bid to win an 18plane deal from Air India after losing a similar
        Reuters  -  349 words
      • 317 30 SAS, Royal Jordanian Airlines planned to fly to Basra this week Bloomberg [BASRA, Iraq] SAS Group, Qatar Airways and Royal Jordanian Airlines will delay starting the first commercial air services to Iraq in 13 years after the US-led occupation authority said security
        Bloomberg  -  317 words
      • LOGBook
        • 46 30 Reuters [FRANKFURT! Deutsche Lufthansa said it bad signed a memorandum of understanding with Air-India to intensify cooperation between the two carriers. The airlines already have a code-sharing agreement on routes between Frankftat and Bombay as well as between Frankfurt and Delhi. —Ratters
          Reuters  -  46 words
        • 66 30 Bloomberg [EVEND ALE, Ohio] General Electric Co, the world's biggest jet-engine maker, said it won a contract from AirTran Holdings valued at USs6oomillion over 15 years to maintain jet engines. AirTran, the holding company for AirTran Airways, in July ordered SO Boeing 737s with CFMS6
          Bloomberg  -  66 words
      • 1378 30 m 6*971 0050 «5 2250 UMi U73T MO 1*7*2 22B ***** >*« hk IK771 1555 K4679 2105 «U17 MSS 6*974 0U0 1555 rij, *****7 BS5 LM97U 2J50 M7M6 MS 5026 2350 nm u mm MM MM CMOS ono CM04 ISM ZZ. EMU 0215 UMK 20M f
        1,378 words
  • Page 21 Advertisements
    • 22 21 China Airlines suffers HI loss Back Pag* Boeing cuts 'towin Air India deal Back Page Zipping through airport securityhere's how Pago 2
      22 words
    • 220 21 "Mdhs lh nHflrii v. >•' G8 (ASIA SOUTH AFRICA DISCUSSION FORUM) m Rate Restoration fRR) effective on October Ist 2003 Members Lines of this Forum have made a thorough review of their business plan for 2003 and concluded that ocean freight rate should be further restored to ensure stable and
      220 words

  • Page 22 Advertisements
    • 675 22 I IMPORT I t- Mm NOKW AMERICA < l[~[l AUSTRAUA/MSmZEAtAND M—WBhiMMHWfil 1,,,,, i 1 lAuaryiAiJAAau EXPRESS (AAX) w» w m rasa vor m stb m am m T no ooacMMMtt mm u/m 31/ M bj/m jd mnauany 211 i//m ivm xi/m n/w am si/m m/m MOmumsovMunai sswsi jo/m b//m m/m
      675 words
    • 400 22 xiQK services cepwMrted by i-l. Singapore Stepping Association ULY UNE MALI /viSSB VOT EU EU EU A p.nim spore am Princess Lily 0803 25/06 27/06 05/09 Mold Corner 741 A 03/09 05/09 14/09 Empress Lily 0503 13/09 15/09 24/09 Mold Star 542 A 23/09 25/09 04/10 ULY MAIMNC SERVICES PII
      400 words

  • Page 23 Advertisements
    • 925 23 L J TOUSA(SAXS«VKI) Vissa VOY 5M El* lAX OAK BAL HOU OB COL MM Ml NTC whouanp nw 03/04 i»/w 22/04 23/09 23/09 23/09 n/w 23/04 24/04 24/09 AfIBWLANP 1211 IQ/Qf 25/09 g/g 30/09 30/09 30/04 30/04 30/09 03/U 03/10 ATI SORIANO j IMC I 24/09 j j 13/10 j
      925 words
    • 1801 23 f SWtAPOtI TO HACK m m PORT SJUD* mmjgntm itaars RTORVSK I W>u 20 Mrs s< mmummmmuem: wmwkon»»ii-w $mb/ww ra.-mmsisz/u hul mwssh/w I .7 mnMiMii wmk COSTiI SHIHINfi PTE LTD swraitMN o«iwn»«iaj mwswi tau»/n I tUBIIMIi* VWMI Z3MTC a?nmJ? wlmwwwiwmm wmmm/o* hkm mwhii/w I T/»» MNH2S MMSJI4/4* I MNorsomo: aarvßmoiui
      1,801 words

  • Page 24 Advertisements
    • 89 24 And yet, the world's largest container transhipment hub has no traffic jams. PSA's advanced technology systems such as PORTNET® and CITOS® enable most ships to get berths on arrival and ensure a level of customer service that is unmatched on the high seas. No wonder 200 shipping lines rely on
      89 words

  • Page 25 Advertisements
    • 267 25 aßk] ffl VlBlk 1 BSfefl mattn mw CAHAYA SAMUDERA SHIPPING Na: 2 /0 Established since 1979, Cahaya Samudera has the capacity to operate full container services with 5 direct sailings weekly to Jakarta, as well as the ability to handle shipment between Indonesian ports and other ports worldwide. A. I*.^
      267 words
    • 92 25 I Best Emerging Container Terminal Operator Asia: AFSCA Awards 2003 I u 18. r zr bi i a*. J 1 I-J ■dM Sw' *fst& Irw ft I ji jl t b -Aj il >\ jnP HmhA Bh 171 Our imporianaeisgrowing day-by-day.Thankstothesupport ol customers who are won over by our responsiveness
      92 words

  • Page 26 Advertisements
    • 107 26 11 Keppel Rood. Mh Floor. RCL Centre, (lirfN Regional Container Lines Singapore *****7 3ft ff ffj Tel: (45) 4220 0388 Fax: (45) 4221 *740 Website: http://www.rclgroup.com N GEMARTRANS G«Marlraiu the right choice Destination i Always a step ahead. Gemartrans is one of the most professional s shipping lines in Vietnam.
      107 words

  • Page 27 Advertisements
    • 431 27 ■Ml nci MAC HWMUUMIIIfc —>***** WU; «3«7433 l-MML ilfl PS4J J PocwunmoMDWiMnoiW! imwht mx: woi77 vtssa I m «mum rarumw lih*vm 1 mil ww cowan 317W 01/ M 02/ M 17/W 2VW OVIO 0»/10 }ISW ——a7w f turn S7T6 *****5 wib HiiiMtwnd 3WH IVW H/W 01/10 11/10 n/10 H/10 I*s
      431 words
    • 417 27 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 mora details, eall HOTLINE: *****388/1800-*****00 ASIA EXPRESS 191 A 10/00 31/ M 04/09 05/09 191 A
      417 words
    • 454 27 i BSA a MYANMA FIVE STAR UNE Molt*od U—) L*o«o| f*r Yoo|m vissa vor sa m pa pco pagak mm su NM-M 307W SB IBAUTSIA: OOUSTIAD SMfTMC MOCKS Oft: 03-*****3** P*L *3-*****101 POfc *4-*****02 BANK LINE %tnk» UrnkmH W«k I NOBTHKXJNP TO EUBOBt V CONUUNBt. tOtO, MM MEAVYUFTS vissa $m
      454 words

  • Page 28 Advertisements
    • 857 28 IVKSCL VQY KHH HKO 1 «W PKL DXB lAI PMM UK MAN ISFAHAN F3 326 277 M 26/03 3T7oi 01/09 06/09 09/09 16/09 18/09 SIMA TOUBA PCL 8004 HOP MW 10/09 11/09 31/09 22/09 29/09 01/10 UNMMIA PCI 329 16/09 17/09 20/09 21/09 26/09 29/09 06/10 00/10 MAN KBUMAN PCL
      857 words
    • 470 28 A K9| UK CONnNENT SERVICE Loadngtor THOR LOTUS RTM/ATW/BMNAJK/NAN LoartiStaflßpora. EVW. Mrtaym Mongl MIDDLE-EAST SERVICE Loading tor J. FRIEND DBI/ABU/DOH/BRN/DM M/KWT FIVOS DBI/ABU/DOH/BRN/DM M/KWT "Loads Skigapore. E7W MateyM. k-tdoncma USA SERVICE Lowing tor PACIFIC EMBOLDEN GIORGOS CAM/NFK/SAV/NOL •Loodt E>W. Mataym hdontolo F.E./S.EJL SERVICES Spore Loadngtor LUCKY STAR INCVBSN "Loads E.
      470 words
    • 572 28 jbssl m M m jffua m «L__ JMJSm Ifm TIM a/w JKJU 1112 mm mm mvm mm am vm wtg" 5" n/i b/w asm as —sg—a- sa. —as— sgmmi ibm BZH n/tt ■■■■TirninrmßfmHßHH mcmm iim am m/m Sara I rwm rtm SSm llggg im 1 i|iljsl Ijsi 1 a jfi
      572 words

  • Page 29 Miscellaneous
    • 142 29 J 27 J^J mr y jL x^fll r >&Jfla«rUfcCi lSMßi^it^^^Bßßßv fW?I r^" '^l"' lilWYtt"*■ J.^l f 1 j■} r 1 1 i j "^"T^ Issued by Meteorological Service Division.NEA LEGEND: K Thunderstorm Wind speed symbols f/ showers O Full circle w/o' line indicates calm or light and variable winds R
      142 words