The Business Times, 23 September 2003
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2003-09-23
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The Business Times
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Title Section13 2003-09-23 1 MITA(P) 024/93/2003 THE BUSINESS TIMES SINGAPORE I Internet: http://business-times.asial.com.sg TUESDAY. SEPTEMBER 23. 200313 words
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862 2003-09-23 1 Siow Li Sen - BT exclusive Study shows defaulters aged 35 or less up 50% over four years By Siow Li Sen [SINGAPORE] Professionals and white-collar executives may be the hardest hit in the most recent layoffs, but it's HDB dwellers aged 35 or younger who862 words
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Article72 2003-09-23 1 sn 1,586.63 (-3.23) ST INDEX FUTURES Mjsmm (-19.00) SIMSCI FUTURES ***** (-2.30) Monday Change KLSECOMP 738,16 -5.81 NIKKEI 225 ._10.475.10 -463.32 HANG SENG __10.873.27 95.15 SET INDEX ***** -5.02 JAKARTA COMP .Closed MANILA COMP 1.314.00 *419 TAIPEI WPI .5.675.75 -82.16 SEOTL COMP 714.89 -33.36 SHENZHEN B 227.71 -0.72 AUST72 words
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Article73 2003-09-23 1 FOREX RATES us$ S$ L'S$ (SSperl'SS) 1.732 £(ISS/SS per 1646 2.852 El'RO(l'SS/SS/E). 1.146 1.985 YEN 112.4 64.90 RM 3.800 1194 HKS 7.799 4.502 BAHT 40.01 23.10 Rl'PIAH 8.470 4.890 RENMINBI 8.299 4.791 INDIAN RITEE 45.78 26.43 AS 1.474 0.851 NZS 1.679 0.969 PRIME RATES SINGAPORE* 5.25 MALAYSIA 6.00 HONGKONG73 words
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Article, Illustration813 2003-09-23 1 Larry Wee - G-7 statement referring to foreign exchange spooks traders into selling US$ By Larry Wee [SINGAPORE] An unexpectedly specific G-7 reference to foreign exchange rates sparked off frenzied selling of the US dollar yesterday, propelling the Japanese yen as much as 3.5 per cent higherSource: Reuters - 813 words
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491 2003-09-23 1 Eddie Toh - Analysts see telco as front-runner for Celcom placement From Eddie Toh in Kuala Lumpur SINGAPORE Telecommunications could have another bite at the lucrative Malaysian telecommunications market amid changes in the industry and the political landscape, analysts say. They believe Sing Tel491 words
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Advertisement9 2003-09-23 1 plicfcfcr Mftiiilifir" «MKI ***** l 8 "88 r 181******49 words
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ON THE grapevine
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Article, Illustration84 2003-09-23 2 LAST Wednesday, the shares of A-Sonic Aerospace closed at a 137.7 per cent premium to their IPO offer price— and the numbers were obviously too big to ignore for many. One contributor to Sharelnvestor.corn's forum suggested that A-Sonic chief executive Janet Tan (right) IUCU lUfc all-important84 words
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Article53 2003-09-23 2 ONE measure of whether something in the news has passed into the general consciousness may be whether it appears as a solution in a crossword puzzle in a quality paper. The latest Guardian Weekly, from the UK contains the clue "Recent killer of old emperors reported (4)"53 words
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Article75 2003-09-23 2 AOCCDRNIG to rscheearch at Cmabrigde ULnervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are. The olny iprmoatnt tihng is taht the frist and lsat hteer be in the rghit pclae. The rset can be a total mses and you can sitll raed75 words
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438 2003-09-23 2 Genevieve Cua - Cage chief submits questions to Finance Minister regarding govt intervention By Genevieve Cua [SINGAPORE] The threat of legal action over the simmering dispute between AIA and aggrieved policyholders looms larger with each side appointing legal counsel, and the First writs expected438 words
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Article, Illustration585 2003-09-23 2 Angela Tan - It may also slow Singapore's economic recovery By Angela Tan [SINGAPORE] The competitiveness of some Singapore companies vis-a-vis their regional peers is again at risk as the Sing dollar soared to its strongest level in three months against the US dollar, economists and analystsAP - 585 words
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Page 2 Advertisements
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Advertisement404 2003-09-23 2 Financial Reporting Update 2003 October 9 am to 3 pm Singapore Mandarin Court D, Level 4 Grand Tower 333 Orchard Road 1 Important changes have taken place this year that will affect a company's f financial statements for the year ending 31 December 2003. This seminar will highlight these changes404 words
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Advertisement61 2003-09-23 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Aidan Healy or Sknome Toh T:+6s 6535 3382 F:+6s 6535 399161 words
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SINGAPORE companies
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Article, Illustration285 2003-09-23 3 Siow Li Sen - Bank says deputy president leaving to pursue personal interests By Siow Li Sen IN a surprise announcement, OCBC Bank said yesterday that deputy president Ooi Sin Teck has given notice to quit the bank. His departure from the group, which will be on285 words
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753 2003-09-23 3 siow li sen - HOCK lock siew siow li sen BENEATH all the hype over Robinson Co, two hard questions need to be asked: Why is the sale of its retail business taking place now and not later? And is the proposed sale driven primarily by the753 words
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467 2003-09-23 3 Reuters SINGAPORE'S third-largest lender, OCBC Bank Ltd, has room to return cash to shareholders after reaping a windfall from a restructuring and sale of non-core assets, analysts said yesterday. Analysts estimated OCBC could return about $1.05 billion, or $0.81 per share, thanksReuters - 467 words
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Article, Illustration533 2003-09-23 4 Serena Ng - Counter closes 5% town as Koh Boon Hwee, four others sell 1m shares each By Serena Ng SHARES of Innovalues Precision tumbled yesterday as high-profile shareholder Koh Boon Hwee and four other substantial shareholders sold a total of five million shares or 6.45 per centSource: Reuters - 533 words
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357 2003-09-23 4 Joyce Koh - Thistle Hotels disappoints with smaller profit contribution By Joyce Koh BIL International, the Quek Leng Chan-controlled investment company that was in the news this year in the battle for control of Britain's Thistle Hotels, yesterday posted a trebling in fallyear357 words
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COMPANYBriefs
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Article85 2003-09-23 4 STARTECH Electronics said it was served a writ of officer Lawrence Yfc, who is wing theSesdaq-listed company for alleged non-payment of salary, other M.-VlpW tendered his rwigMßm id tne company in early July this year, bat this was rejected by Startech which mirtrtil Mm mi July85 words
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Article46 2003-09-23 4 Globe Itolecemlnc, the second-largest phone firm in the Philippines, yeaterday said it plans tolssaeUhißSon pesos(3<64J million) worth of bonds to reflnanoe maturing debt Globe, whose main busineee is cellular phone service, is oootrolted by local conglomerate Ayala Corp, Singapore Telecom and Deutsche Telekom, —ftmm46 words
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Article45 2003-09-23 4 SKAT 1 AQ.I JgTRn TWmW fliwy wh pywyfrfoa engineering services to the offehoreofl and gas industry, yesterday said it has clinched a $1.2 million contract from Russia. This brings the value of contracts it secured over the last two weeks to $3.2 .k^•sLmL*~.-x45 words
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Article76 2003-09-23 4 Bloomberg wmmmmmmummmi H w OOOQpfiDf/ r considers selling debt' The ratings take into account SMRTs strategic position in Singapore's duopoßstic public transport sector, its robust financial profile economy, 1 Standard analyst Tan Ee-Lin said in a note published yesterday. Catherine Kuan, SMKTS senior vice-president offinance, said in July thatBloomberg - 76 words
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Article47 2003-09-23 4 CONSTRUCTION group Wee Poh, which is undergoinga management revamp, yesterday said its director and chiefoperating officer Tan SweeSiong has resigned. It also said it has appointed Chan Wang Kin at managing director. Mr Chan was last week appointed to its board as a nonexecutive director.47 words
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Article87 2003-09-23 4 PRUDENTIAL Asset Management Singapore has emerged again as a substantial shareholder in First Engineering, after it took profits on its investments in the stock earlier this year. The ftmd manager bought two million shares at 85.14 cents each and around 1.68 million shares at 98.71 cents apiece87 words
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Article61 2003-09-23 4 CLEAN room specialist Kyodo-Allied Industries said its net profit for the year ended June slumped 56 per cent to $1.1 million from $2.4 mixtion a year ago. Turnover for the year fell 17 per cent to $12.6 million. The Sesdag-listed group also declared a dividend of one cent a61 words
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Article, Illustration447 2003-09-23 4 Siow Li Sen - Bend it like DBS but only in HK Cheeky DBS ads in HK with Beckham lookalike unikely to be ran here By Siow Li Sen IT seems cheeky ads that were run in Hong Kong earlier this month by DBS Bank's joint-venture credit card company are unlikely to find their447 words
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Article, Illustration389 2003-09-23 4 Kenneth Lim - By Kenneth Lim MAINBOARD-LISTED Labroy Marine's shares fell for the first time yesterday after a week of gains, as a private placement of 70 million shares by the group's executive chairman helped lift the counter to lead the volume leaders.Source: Bloomberg - 389 words
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167 2003-09-23 4 Bloomberg ASCEND AS Real Estate Investment Trust, the only Singa pore-based property trust to manage industrial buildings, said it plans to pay $50.9 million for a new site on the island. The trust's sister company, Ascendas Land (Singapore), is building two 10-storeyBloomberg - 167 words
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400 2003-09-23 4 Bloomberg NEPTUNE Orient Lines Ltd, Singapore's largest shipping company, may pay a dividend at the end of the year, according to an ING Financial Markets report. "We came away from a company visit with NOL yesterday with the impressionBloomberg - 400 words
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341 2003-09-23 4 Serena Ng - By Serena Ng WBL Corp and United Engineers Ltd (UEL) have proposed a restructuring to streamline their shareholdings in Sesdaq-listed MFS Technology, a move which would result in gains of $96.3 million and $21.8 million respectively for their current341 words
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Advertisement24 2003-09-23 3 >- V 4? iL3sti 3T f« SStfSSSK'iSia I IS>«*#* r r 200j^^rSc# Ant* aftfi AvMMVfr «uiMbu|' kfcf IUT SFflrfF an(J ex P ert py ,M|24 words
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Page 4 Advertisements
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Advertisement21 2003-09-23 4 www.asiaevents.com.sg/brandrov.Ktm IBHW FORUM ?003 7-8 Octobar2oo3 Th« Amara Singapore Revitalisation email- GvsntsfiflslMVttnts com so ro-onergblng brands for tomonow's chaHengos •IflWI. eVemSBMINV«mS.COm.Sg21 words
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Advertisement169 2003-09-23 4 TMt COMMMMS ACT ICMAfIR SO) THE WW— «l GUtATIONS 1««7 SECTION m»v*ouumoN s» KMMtti NOTKf Of JUWCIAI MANAGER TO CWTOMWWTiMnNO Mo— of Cof By KAIOWN FOUNDATION (rwirvtcß i rv\i miiD known os SEATOWN CONSTRUCTION nciToi (Undor J«d«col Compary No.: *****42*5W (Undtr Ibo Order lor jwrfificJ mmnynxii) of the obovonomod company169 words
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Page 5 Advertisements
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Advertisement51 2003-09-23 5 PREVIA '< < f >/ t 11H Ii r a i in fur In hi* Introducing the new 2004 Previa. True luxury isn't about cutting corners. V >*?, night's sk'Op. v\h'v »*.M\ ikj» u .> with ri comphmrn'j' v u\:f ">.. 1 'i- v "vr V 1 Prtm«i. ProtMh'v Mir51 words
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SINGAPORE markets
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Article, Illustration136 2003-09-23 6 OTHER SWiQAPOWt' Sep 22 VAUJE; CLOSE *A *»•«>■ WW -*****.00 223.00 M*4*m -*****.00 *15.00 434*7 *"•*> +1.29 ny+tml* 1353.52 -6.47 > 72 —iWmm— «o*o 194.20 -2.30 SrcyMfe US£tUOOO -i«i i ■> mii i iir T- aftvOI 1 coo UrtfoodHK2Sc 36JMJDOO' 2 *2t2S "'"zajKiiB suwftpsee simeoB MMtmmhBc 22JOBJXO Ac06idCuelP0*r2J5c u 20.737£00136 words
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Article, Illustration294 2003-09-23 6 Ven Sreenivasan - HOT STOCK/ WARRANT By Ven Sreenivasan CHINA Food Industries' impending initial public offer has focused attention on two other China-based food plays, United Food and People's Food. The heavyweight in this group is People's Food. Despite a poor second294 words
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Article, Illustration710 2003-09-23 6 van sreenivasan - BT comment STOCKS van sreenivasan A COMBINATION of regional currency and economic concerns sent the Straits Times Index sliding yesterday in tandem with other Asian markets. But after sinking to an intra-day low of 1,574.48, late short-covering and bargain-hunting helped the index regain some710 words
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Article, Illustration604 2003-09-23 6 Analysts say 0-7 move will spur markets to test Asian central banks' resolve Reuters (SINGAPORE] Asian currencies rallied strongly yesterday after the Group of Seven's (G-7) can for flexible exchange rates powered die Japanese yen to its highest against theReuters; AP - 604 words
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Article25 2003-09-23 6 UNIT TRUSTS FUNDS nawD:<|pH—<l mm» Mw*t I »Cml| r»tMW<:«t—r He Low to IMmmMc ft MM aKaesKsssr mini Uln n" '"T*MA- Hon Mb* Oqr. Hoar MekSSOJU25 words
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SINGAPORE news
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355 2003-09-23 7 Raju Chellam - US$1.5b deal will see some S'pore Schlumberger-Sema staff move to Atos By Raju Chellam FRANCE'S second-largest computer services company, Atos Origin, has agreed to buy the IT services arm of Schlumberger-Sema part of the giant Schlumberger Group for US$l.5 billion in cash355 words
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SINGAPORERoundup
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Article74 2003-09-23 7 THE quality of MBA programmes in Singapore is declining as service providers slug it out in a competitive market, said Jerren Lai, author of what is touted as the country's first comprehensive research on MB As. Mr Lai, who will publish a guide74 words
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Article77 2003-09-23 7 THE Urban Redevelopment Authority has launched a land parcel at Flower Road/Kovan Road for sale by public tender. It said the residential site was originally on the Reserve List, but on Sept 8, it accepted an application from a developer for the site to77 words
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Article53 2003-09-23 7 HITACHI Tower at Raffles Place will soon see the installation of a building access control system which uses an individual's finger vein patterns for identification and building access, Capita Land and Hitachi said in a statement yesterday. The security access system will be operational by53 words
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227 2003-09-23 7 SINGAPORE will host South-east Asia's first conference and exhibition for international creative and marketing services at Suntec City from tomorrow. The three-day event ideas! 2003 is organised by Suntec Integrated Media (SIM) and will showcase creative ideas, tools and technology for marketing professionals227 words
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344 2003-09-23 7 Anna Teo - EYE on the economy outlook By Anna Teo THE economic slowdown in Singapore has ended, but robust recovery is not here yet, Citigroup says in a report. Recent indicators point to a recovering economy "but they have fallen short of hopes for a robust344 words
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Advertisement37 2003-09-23 7 The ST. REGIS SHANGHAI Hotel Home to a certain world. ASPEN HOUSTON LOS ANGELES MONARCH BEACH NEW YORK WASHINGTON DC BEIJING LONDON ROME SHANGHAI Cat (K 2*) 5050 4567 i«oo (Singapore) mum mum *fe£ ;*v <•* «5R 737 words
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EDITORIAL & opinion
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Article, Illustration746 2003-09-23 8 leon hadar - THE bottom line OPINION leon hadar A CCORDING to White House aides, f\ US President George W Bush is ex- 1 pected to decide in the coming JL JL. weeks whether to continue heavy tariffs on imported steel that he imposed746 words
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Article70 2003-09-23 8 'Up until now, the only thing that has happened at the New York Stock Exchange was cutting the tops off the dandelions. We must travel down the steins and get to the root of the problem, and quick.' -Sean Haŕigan president of Calpers, the biggest pension fund70 words
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Article587 2003-09-23 8 EDITORIAL Relations between Thailand and Singapore are getting decidedly warmer. The two nations have just signed seven agreements that, when fully implemented, should result in a significant jump in two-way trade and investments. Bilateral relations were not always like this. While, at the diplomatic level,587 words
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Article, Illustration1171 2003-09-23 8 V Anantha Nageswaran - Surprise, surprise: there simply has NOT been any real GDP growth in the past three years it has just been one big statistical manipulation By V Anantha Nageswaran GLOBAL stock markets are on a tear and economists are busy revising up theirSource: and Bloomberg - 1,171 words
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Article555 2003-09-23 8 David DeRosa - COMMENTARY A trade deficit does not necessarily mean the exchange rate must fall By David DeRosa Bloomberg PEOPLE take it as gospel that the dollar should fall in value because the US has a large and growing current account deficit. And the dollar has fallen against the euroBloomberg - 555 words
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Page 8 Miscellaneous
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Miscellaneous218 2003-09-23 8 CBYPTIC CROSSWORD 27 A ghost one might have 28 pefhaps' Amencans(7) YESTERDAY'S SOLUTION (7) 14 Tribesman gets warm, going Across: 1 Slip-knot, 6 Canape, nrtMjtd back to tepee (9) 9 Sphinx, 10 Turn tail, 11 Come 1 rw a i<vi and n<rt .nto artmn 16 A ***** f Hope come,218 words
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FOCUS property
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Article, Illustration721 2003-09-23 9 Kalpana Rashiwala - They could check CapitaLand's dominance as mall owner By Kalpana Rashiwala NTUC Fair Price reaped a nice profit recently when it sold its RivervaleMallat Sengkangto Capita Land group for $65.2 million. It took overftill ownership of the mall last year in a deal thatFILE PHOTO - 721 words
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Article, Illustration482 2003-09-23 9 Bloomberg, Reuters [HONG KONG] Sun Hung Kai Properties Ltd, Wharf (Holdings) Ltd and other Hong Kong developers said price increases of as much as 8 per cent did not dent home sales last weekend. But Standard and Poor's yesterday said itBloomberg,; Reuters; AFP - 482 words
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Article, Illustration1060 2003-09-23 9 Transaction date: Sep 22 IMTERBAMK CROSS RATBS kj CS —fc I— m w»« Mm rn m Mb Hm U —to Sir iT$ 0*tt Hmt W> Antral* 19H 1630 0392 5290 31X56 57.456 0.7(2 7X10 L57t 1.139 ***** ***** 1175 49(2 0.922 22.92* 27.141 0.412 0X70 C*M(* 1097 4.171 0X501,060 words
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Page 9 Advertisements
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Advertisement241 2003-09-23 9 Mm Property Fw tik !i; iliii|f I Next to Lavender MRT Station SIR Building •Existing mixed-use development offices/ s'" shops/warehouses/showrooms/cold-rooms/car parks •Efficient flexible layout *****11.' I 1 •Suitable for many trades usages 1 •Conversion to commercial usage allowed J Close proximity to CBD, Nicoll Highway, PIE, ECP Leed Aeeet liinl241 words
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Advertisement199 2003-09-23 9 II OUR FEATURES: I 1 or 2 Storey Building, own compound I Standard factory or Built to suit HJjH I Size from 22,000 sq. ft BjisSfj Quality Design to Singapore Standard lIPI j I Wide roads Good landscaping *i i Fast access to Expressways Airport I I Rental from 550.25199 words
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REGIONAL news
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332 2003-09-23 10 SHANGHAI 3,000 plaintiffs seek 150m yuan damages from firm AFP A CHINESE court will begin hearing a case this week involving aggrieved investors of a listed company in what a lawyer says will be the biggest lawsuit of its kind to date,AFP - 332 words
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555 2003-09-23 10 SHANGHAI Move fails to calm investor worries about pace of market expansion Reuters CHINESE regulators said yesterday they would tighten rules for initial public offerings after a swathe of share and bond offers helped push the stock market down more than 10 perReuters - 555 words
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466 2003-09-23 10 BEIJING Govt showing more willingness to experiment with new forms of asset disposal CHINESE financial institutions plan to put up for sale about US$6 billion in non-per-forming assets over the next few months, marking the biggest push since 1999 to clean466 words
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NOTEBook
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77 2003-09-23 10 AP [TAIPEI] Taiwanese investments in China increased 16 per cent to NT592.6 billion (554.7 billion) in the first eight months 0f2003 from the same period last year, the government said yesterday. However, investments in August fell 54 per cent year-on-year to NT$6.6 billion as mostAP - 77 words
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Article, Illustration67 2003-09-23 10 AFP [LONDON] A seven centimetre high emerald cup is displayed at Christie's auction house in London ahead of the its auction where it is expected to be sold for £1.8 million (555.4 million) as part of the Arts of India sale. The cup is madeAFP - 67 words
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Article, Illustration75 2003-09-23 10 AFP [HONG KONG] Hong Kong chief executive Tung Chee-hwa yesterday announced that he has appointed tourism chief Selina Chow (right) as member of his executive council, in a revamp of his cabinet. Ms Chow, 58, vice-head of the Liberal Party, takes the place of partyAFP - 75 words
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Article68 2003-09-23 10 AFP [KUALA LUMPUR] Malaysia's taxmen are going house-to-house in an effort to track down thousands of tax cheats despite an uproar over the "embarrassing" tactic, local media reported yesterday. Tax teams went knocking on the doors of more than a hundred homes in Kuala LumpurAFP - 68 words
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Article72 2003-09-23 10 AFP [KUALA LUMPUR] AlO-volume encyclopaedia of Prime Minister Mahathir Mohamad's ideas has been launched ahead of his retirement next month, Bernama reported yesterday. Available in Arabic and English, it is a compilation of his speeches and ideas on globalisation, politics and other issues. "Some people say MahathirAFP - 72 words
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Article1451 2003-09-23 10 MOflM WITUMBB Sep 22 MMEI Um (CM* prim) KSKScMb/hD Ctaw Mm Opaa M—» jjjffc I— Utt (to—) latomt Oct 03 ***** *1*03 MM OK 03 ***** Jmflk/04 200.50 y ISS 3 (US CMto/kq) VMM Opaa U» Sttt (tww) Mtmt Oct 03 iaio iaoo rajs woo 5075 M»03 moo M9Q51,451 words
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REGION world
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Article, Illustration474 2003-09-23 11 IMF/WORLD BANK MEETINGS It wants to revamp bank's budget for better disclosure on spending patterns and rating systems Bloomberg, AFP [DUBAI] The US plans to propose changes to the World Bank and other international lenders' budgets after criticism that the institutions should give moreBloomberg,; AFP; AP - 474 words
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295 2003-09-23 11 ■FRANKFURT AFP EUROPEAN Central Bank (ECB) president Wim Duisenberg suggested in a newspaper interview published yesterday that it would be better if a number of Asian currencies were not pegged to the US dollar alone, but to a basket comprisingAFP - 295 words
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Article347 2003-09-23 11 ■JOHOR BARU M'sian transport minister says links can be productive Bernama IN another sign that the Malaysian government may not stand in the way of an alliance between Singapore's port operator PSA Corporation and rival Port of Tanjung Pelepas, the country's new transport minister saidBernama - 347 words
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WORLDWatch
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Article61 2003-09-23 11 Reuters [LONDON] British-based music group EMI Group pic said yesterday it was in non-exclusive talks with media giant AOL Time Warner about a deal involving the US firm's recorded music business. "Discussions are at a very preliminary stage and there is no assurance that theyReuters - 61 words
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Article74 2003-09-23 11 Reuters [LONDON] The US is to push ahead with plans to open global markets, but will only do so by negotiating bilaterally with like-minded countries, US Trade Representative Robert Zoellick yesterday. In a Financial Times article, Mr Zoellick said he also blamed developing countries forReuters - 74 words
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98 2003-09-23 11 Reuters [BRUSSELS] The European Commission said yesterday it was relaunching steps to slap sanctions on the US over a controversial US trade law. The WTO has ruled the law, the 1916 anti-dumping act, illegal. The EU agreed in 2002 to suspend the stepsReuters - 98 words
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Page 11 Advertisements
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Advertisement27 2003-09-23 11 WWW.MONTBLANC.COM -amHMi' mmm f t Is THAT YOU? .—f > HMHHHBI mmb'* •MB** MONT* BLANC 1 MONTBLANC B0UTI0UES: CHANCI AIRPORT TERMINAL 2, NCEE ANN CITY. PARAGON. RAFFLES CITY.27 words
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Article704 2003-09-23 12 Transaction date: Sep 22 w *__555_®!9E4_S*fBaL——JBL—SBL-fliar AtownSOc *41 UN 4M MM*: 04» UN -MM c3E tin uot mm ock uo ivoeo 113 i-Mt -one out am uh OMMCMriac 1-41 14M -&M0 047 MM CXy Dav 50c 141 MM -MM El uiili'i »|K IPfc 03? 14M «AA15 GamfartMgro 25c U»704 words
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Article570 2003-09-23 12 BONDS WARRANTS Td LMI Ml Cmm tarn D*c Gew-'SSZ C—e Ciirn W +m- rww —1» Mce I- Left 3696 ASTl W*****1 19 unch 205 1 16 9 158 9 307 Acnw Ltd \M>***** 1 unch 11 SO 10.50 14 3602 Amu* W*****0 113 -7 <0 1 33 1-29 21 3603570 words
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Page 12 Advertisements
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Advertisement8 2003-09-23 12 70 words per minute. 30 sales calls per8 words
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WORLD news
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Article, Illustration831 2003-09-23 13 NEW YORK Former Citigroup co-chairman Reed's main task is to find a permanent head for the exchange NYT, Bloomberg, Reuters FOLLOWING the flak over the US$l4O million pay package of its former chairman, the New York Stock Exchange has found in John SNYT,; Bloomberg,; Reuters; AFP FILE PHOTO - 831 words
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Article, Illustration433 2003-09-23 13 TOKYO Analysts praise retention of key economic ministers AFP JAPANESE Prime Minister Junichiro Koizumi kept Heizo Takenaka as Japan's economic czar in a cabinet shake-up yesterday hailed as a bolstering of the premier's reform programme. The move kept unelected Mr Takenaka as bothAFP - 433 words
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155 2003-09-23 13 Reuters [TOKYO] Japan's trade surplus rose sharply in August thanks to robust demand in Asia for Japanese electronics, cars and steel but a sharp rise in the yen yesterday cast a shadow over Japan's export-reliant economic recovery. Japan's trade surplus rose 23.1 perReuters - 155 words
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Article, Illustration319 2003-09-23 14 HBO and CBS are biggest winners at this year's Emmys Bloomberg [LOS ANGELES] AOL Time Warner Inc's cable channel HBO and Viacom Inc's CBS broadcast network took home the most awards at the Emmys, with HBO bringing in eight and CBS seven. Their topBloomberg; REUTERS - 319 words
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Page 13 Advertisements
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Advertisement277 2003-09-23 13 Good Times Fly Save up to Wh on ANA Economy Class when you fly JUU Ma THanto Ram wn jjjm STOPOVER SINGAp OR^^^ Inclusive of One Asia Stopover Business Class Economy Class l Jt ill Beijing fr 553.720 fr. 552.160 Shanghai fr. 553.720 fr. 552.160 V i I Taipei fr.277 words
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Article13 2003-09-23 14 Transaction date: Sep 22 for live prices, log on to wwwiisiaonemarkets.com13 words
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Article70 2003-09-23 14 H-* W UN M Day UMQaMt GrW» Mr CrVH MM Mb* n»n»tm cimi w» w- nib wwi t— tmm fcgg cw wt 13 9600 89 (OH Diamonds US2000 2060 9000 3750 2700 6095 BOJUSTMh US3740 6097 iSMSClSpore US555 8270 1200 6101 ISS4P540 *****0 9650 8280 6170 STOW... USM5070 words
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Article1854 2003-09-23 14 w la* 1M Day 11 qn fifflt* Ohr GrTM MM MUm lam C—a Ci—1 Sa«a W- (W( L— 8a»ar »*r Cm WE tJ M 75 5000 ABKHIdgsSc 19 -0.5 244 19.5 19 19 19.5 36.7 175 12.5 2101 APOISc 37nb. *0.7 2198 37 5 36 36.5 37 211,854 words
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Article279 2003-09-23 14 SHI M UM Bay 11 Q»Mi CfOkr H* «riM M Map rn+lm. M, Om-m M» WW *Sr I— —w M» %Q> WW 161 r 6000 AVJcnnangi A25c A158 -2 a 19 157 157 40 U U i 348.1 6001 CathayPac20c MK720 2(5 2.1 74 6 243(82 6002 Cheung279 words
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Page 14 Advertisements
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Advertisement77 2003-09-23 14 Blanc paiN MANUFACTURE DE HAUTE HORLOGERIE "~T)mjl wUU (\rt cortinawatch Raffles City #01-36 Tel: 6339 918S JXV Theau* and Film Director. Singapore "Watch of the Year 2002" Public Award Millenia Walk #01-62/65ATel: 6339 1728 L/\ J> Paragon #01-13 Tel. 6235 0084 Lucky Plaza #01-32 Tel: 6734 3668 Blancpain Singapore: 43877 words
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Wire & Tube Singapore
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Article, Illustration854 2003-09-23 15 AMIT ROY CHOUDHURY - Trade fairs Wire and Tube Singapore are back in town again with more than 280 exhibitors from 29 countries. AMIT ROY CHOUDHURY looks at what the 3-day event has in store. AMIT ROY CHOUDHURY IN an age of mobile computing, fancy hardware and high-tech handphones, who would think aboutAFP - 854 words
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Article, Illustration1031 2003-09-23 16 JOHN C HOGG - While wires, cables, tubes and pipes are used in practically every industry one can conjure, the prospects for such products hinge on the continued development and industrialisation of South-east Asia, writes JOHN C HOGG JOHN C HOGG THE Singapore Expo Centre will open its doors to visitors fromAFP - 1,031 words
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Article, Illustration671 2003-09-23 16 John C Hogg - By John C Hogg THE first wire and cable industry exhibition was held in Singapore 21 years ago. It was staged at the World Trade Centre, together with a tube and pipe trade fair, both having simultaneous conferences in the then-unfln-ished WTC building. The exhibition671 words
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Article, Illustration639 2003-09-23 17 AMIT ROY CHOUDHURY - Theis Stahltechnologie, a maiden participant in Wire and Tube Singapore, hopes the fairs will boost its presence in Asia. AMIT ROY CHOUDHURY talks to the German steel company AMIT ROY CHOUDHURY FOUNDED in 1910, German-based steel company, Theis Stahltechnologie, with more than 1,500 employees worldwideAFP - 639 words
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Article, Illustration2337 2003-09-23 18 AMIT ROY CHOUDHURY - AMIT ROY CHOUDHURY takes a peek at some companies and innovations to look out for at Wire Tube Singapore 2003 show AMIT ROY CHOUDHURY Shuan Hwa Industrial Co FOUNDED in 1973, Taiwan's Shuan Hwa Industrial Co is a leading manufacturer of precision steel pipes. It has2,337 words
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Article, Illustration1426 2003-09-23 20 FRIEDRICH KEHRER - Wires and tubes are the seldom seen workhorses of today's industrialised world, says FRIEDRICH KEHRER FRIEDRICH KEHRER IT may be a wireless world to some, but many industries still rely on oldeconomy cables, wires, tubes and pipes to function. The spotlight falls on these low-key but essential productsAFP; REUTERS - 1,426 words
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Article, Illustration708 2003-09-23 20 Q A Gemot Ringling, managing director of Messe Dusseldorf Asia, talks about the trade fair business and the economy Question: Given your wide knowledge of the industry would you say that the companies who exhibit showcase their latest products and technology? Answer As the exhibitors realise the importance of theAFP - 708 words
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Article, Illustration770 2003-09-23 21 There'll be no shortage of exposure at Wire and Tube Singapore. The two events will host exhibitors and buyers from many countries Wire and Tube Singapore have over the years received staunch support from participating country groups and this year is no exception. Country groupsAP - 770 words
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Advertisement1013 2003-09-23 15 Zhejiang Huadi Stainless Steel Stolberger KMB- Mario Frigerio SpA DMC Co. Pioneer Machinery Co., Ltd Group Co., Ltd Maschinenfabrik O.A.M srl DSR Wire Corporation Quen Cheer Industrial Co., Ltd IJJT|T|kT|T|T7jJ jj Zhejiang Jiuli Group Co., Ltd WAFIOS Aktiengesellschaft *O.M.A. srt •JC Com Co., Ltd Shuan Hwa Industrial Co., Ltd Wiedenbach1,013 words
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Page 17 Advertisements
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Advertisement199 2003-09-23 17 lj|f Sua® Wire Wire Afirstclasspresentation If I I BWWWWPB providing you with the platform mmmmm ■nmwhm ■iLI HHVMSj HfIVWH] to establish future l||M I IVIVIVIWIVI IV/WiWlWlVj in materials, machinery, BcASISy equipment and technologies. J HSU Hl] jjjjj U International Wire China International The All-Asia We keep VOU in tOUCh l^B199 words
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Page 21 Advertisements
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Advertisement158 2003-09-23 21 p^p i ■iw r awiiiwil wire Singapore 2003 Wi r G A gateway to Italian State-of-the-Art Technology Equipment in the Wire Industry TIC ALL-ASM Singapore Expo, Hall 3 23-25 September 2003 Participants Booth No. Participants Booth No. BE.MA. s.r.l. 3C07 0.M.A.5.r.1. 3807 CORTINOVIS S.p.A. 3802 OFFICINE MECCANICHE Dl LESMO S.p.A.158 words
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FOCUS enterprise
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Article, Illustration699 2003-09-23 22 Joyce Koh - Kwek Leng Beng today rules a diversified empire. Joyce Koh finds out how he built it Joyce Koh HE is reputed to be Singapore's richest man and worth billions. But Mr Kwek Leng Beng started as an entrepreneur hungry for success, his business empire built on SMEsFILE PHOTO - 699 words
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772 2003-09-23 22 Daniela Buenas - By Daniela Buenas "IF I give a man a fish, I feed him for a day. If I teach a man to fish, I feed him for life. But if I teach a man to fish responsibly, then not only do I feed him, but772 words
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Page 22 Advertisements
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Advertisement496 2003-09-23 22 IfFwl Lianhe Zaobao I Analysis'views on I L*i 111 l H I &«»±mx» I I s&mm I I itßAtfflSa I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SSI.99PTELTD (In Creditors' Voluntary Liquidation) BIZ 17 PTE. LTD. (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION496 words
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Advertisement121 2003-09-23 22 *&£> IkJH Fresh Salmon, tantalising Tuna, succulent Prawns and more Now you can savour the ocean's bast catch with our irresistible k linhi inri lirhimi lpnrirfcim InAlso available on the buffet are lip-smacking Tempura and Teppan/aki delights plus a host other choices to satisfy your craving for exquisite Japanese delicacies.121 words
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Advertisement127 2003-09-23 22 indulge In Indian Prime Minister's favourite dishes prepared by l-fts Excellency personal chef Anl Kumar at ufc Plaza. Plaza Parkroyai this September. Sawv AleppyChemmeenCuny (Prawns). Kaada Varuthathu (Quail). Chicken Travancore and much more. Plus usual dishes from our Euro Asian Buffet. lUmn Of Mi Monday to Sanday (except Satorday) Lunch127 words
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Advertisement61 2003-09-23 22 ~I MERITUS MANDARIN SINGAPORE f Absolut*'JyCbicl fti| A Fashion Rendezvous Jg/ not to be missed! fJL Wv The latest styles I complemented with J beauty products and i H accessories of the I season. Every Thursday 9.30 pm W Enquiries: 6831 6286 II Mezzarme L. MERITUS MANDAtJN tstas 333 Orchard61 words
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SHIPPING TIMES
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Article261 2003-09-23 23 Reuters THE Baltic Dry Index rose 36 points to 2467, the Baltic Capesize Index rose 43 points to 3546, the Baltic Panaraax Index rose 49 points to 2285 and the Baltic Handymftx Index rose 141 points to *****. China Steel Responsibility (built 2003) *****5 dwt delivery Taiwan 11/20Reuters - 261 words
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Article249 2003-09-23 23 SGX HI Sap 22 55 Vel CWTDtatribution..—057 -002 108 Chuan Hup 051 -0i)1 4099 CHOffchore 039 -OXB (W Cotco Investment 0.46 -0X12 ***** Freight Irta 0.00 unch MS GBnoMngi 0.73 0.01 42 JayaHokingi-. 0.68 -0.02 3007 KapoeiCorp 5.15 unch 564 KlVentun 023 imh 7388 KeppelTele 0J7 unch 35249 words
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Article, Illustration699 2003-09-23 23 Beth Jinks - Premier pledges support for lines that pick M'sian ports over S'pore's By Beth Jinks [SINGAPORE] Malaysian Prime Minister Mahathir Mohamad has personally appealed to international shipping lines to choose Malaysia's container ports over Singapore's, pledging ongoing government investment and support in the sector.FILE PHOTO - 699 words
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Article, Illustration238 2003-09-23 23 Beth Jinks - Minor oil spill already cleaned up; no injuries By Beth Jinks [SINGAPORE] A midnight collision between a bulk carrier and a container ship off Singapore's Kusu Island on Sunday caused a "minor oil spill", according to the Maritime and Port Authority of Singapore (MPA).238 words
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487 2003-09-23 23 Latest purchases are part of aggressive expansion by North American unit [SINGAPORE] Star Cruises has signed contracts to buy two new vessels for U*****.26 million in the latest expansion of its North American subsidiary, Norwegian Cruise Line (NCL). In statements487 words
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Article, Illustration865 2003-09-23 24 David Hughes - DOCKYARD By David Hughes LAST week, Robert Somerville, president and CEO of US-based classification society American Bureau of Shipping (ABS), made a speech at the Seatrade London International Maritime Convention. As an aside, he said something that has major implications for theFILE PHOTO - 865 words
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SHIPS IN PORT
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Article554 2003-09-23 29 V—l Voy No Mfth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BLUE ZENITH V003 J8 A/SIDE 23/09 1300 K TOPAZ 05/2003 J14/15 A/SIDE 23/*****0 SALUSNA *****6 J16/17 A/SIDE 23/09 0600 SUMBER MAS 8 2153 J13 A/SIDE 23/09 1000 APOLLO 6 304 J7 23/09 0700 24/09 0600 ATLANTIS 7 A7168 J3554 words
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Article135 2003-09-23 29 Sep 24 Brunei: Lailat al Mi'raj Indonesia: Lailat al Mi'raj. lap 28 Taiwan: Teachers Day. Ootl China: National Day. Hongkong: Nat Day. Oct 2 China: Nat Day Hoi. Oct 3 Germany: German Unity Day. South Korea: Nat Found Day. Oct 4 Hongkong: Chung Yeung Fest. Oct Australia: Labour135 words
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Article778 2003-09-23 29 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indi cated. The Cockett Bunker Price Index change and778 words
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Article437 2003-09-23 29 Carta* WO Mu 994J 0J W.I 0.07 35 0.06 tall Otmn Y NUtae AtitiUwtaw SHtawt NoWo»eE25 I 0 0 0 0 0 TZX 380 Aw *3 7 0.2 12.5 0.05 35 0.02 tiM 380 Mu 9915 05 162 0.12 172 0.05 win »M/M M/M WW ■*»»<437 words
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AIR & LAND transport
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Article, Illustration507 2003-09-23 30 Flights are back to, or above, pre-911 levels in some regions, OAG says Bernama [KUALA LUMPUR] The global airline industry is on the way to recovery with worldwide flights back to the level they were in September 2002, says the world's leading sourceBernama; FILE PHOTO - 507 words
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Article, Illustration184 2003-09-23 30 [SINGAPORE] Brazilian aircraft manufacturer Embraer has clinched an order from the Indian government for five of its executive jets. The Legacy jets "will be specially configured for the transportation of authorities and government officials", Embraer said. Four of the jets will be used by the184 words
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240 2003-09-23 30 Scratches found on outer skins of some planes Bloomberg [LONDON] Ryanair Holdings, Europe's second-big- gest low-cost airline, will retire as many as nine of its 21 Boeing Co 737-200 aircraft in the next six months after discovering scratches on the outer skins of someBloomberg - 240 words
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LOGBook
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Article116 2003-09-23 30 [SINGAPORE] Singapore's Changi Airport said it will cot electricity rates by more than a fifth, helping tenants save almost $6 million. Changi is giving lower rates after it managed to negotiate for lower prices for its new power supply contract, which began this month, the116 words
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84 2003-09-23 30 Bloomberg [ZURICH] Shares of Swiss International Air Lines were suspended from trading yesterday as the board met to discuss the unprofitable airline's strategy. The board led by chairman Pieter Bouw may decide on joining British Airways' Oneworld alliance or holding out for a buyout offerBloomberg - 84 words
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Article179 2003-09-23 30 Bloomberg [SYDNEY] Qantas Airways, Australia's biggest airline, filled more seats with paying passengers in July than a year earlier as air traffic recovers from Sars and war in Iraq. Qantas filled 82 per cent of seats in July, up from 81.7 per cent aBloomberg - 179 words
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Article, Illustration421 2003-09-23 30 British jetliner to make final trips in week of Oct 18-24 AFP [LONDON] British Airways said it was hoping that the final week in service of its supersonic Anglo-French Concorde aircraft will attract a record 2,000 passengers. The company's Concordes will make their final bowAFP; REUTERS - 421 words
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141 2003-09-23 30 (SINGAPORE] Abacus International, Asia's largest travel and airline ticket reservation company, has expanded Qantas Airways' electronic ticket bookings to Singapore, Hong Kong and New Zealand. From this month, Abacus-linked travel agents can issue e-tickets for Qantas, allowing individual ticket information to be141 words
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Article344 2003-09-23 30 AIRLINE cooes AA Amman totnrs (AALJAf to Frm (AFR). Al to Mm (AC) AY FimarOy (FM). AZ AimiArtntsiAZA) BA Bnisti towiys Put* Ud Co (BAW) K Bnmi Arms (BK). Bt Roy* Bnmm Armas SOnBhd(RBA) BO Boinq Armas (SOU), BR EVA Arms Coqm (EVA). CAtoOm (CCA) C344 words
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Page 23 Advertisements
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Advertisement13 2003-09-23 23 m. MMi MkJMB '#biiimhvbc! IMHUSTW m BQSQ Sg WBOHFDHi gyigjiiSJ a «N*ft BHBfl13 words
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Advertisement586 2003-09-23 24 I NORTH AMERICA AUSTRALIA/NEW ZEALAND 1 >UWRIHimLHKWiH>|W3Q MiHOIIA MIA III'IIBHB (HMj "*sa 1 VOT I IN JT SW ftc VOT M STB Ml |AM NU ?T"I fU PtO HBUOTV HOUTHAN HWU 1./N N/N N/N MAMIMfT NN IS/N IS/N 17/N 19/1* N/N N/N N/N MONBUOT9IOK 3IWJ7 17/N N/1. N/H NYRMUN MH586 words
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Advertisement353 2003-09-23 24 lin« sarvicas raprewntod by Mamban of lha Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association ULY um MALI VOT Ett EU Ett P.KUIIB SfOßf «MI Mold Star 542 A 23/09 25/09 04/10 Empfw Lily 0503 03/10 05/10 14/10 Mold Corner 742 A 13/10 15/10353 words
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Advertisement1008 2003-09-23 25 TO USA (SAX SERVICE) |vtssa vot swro m w mi m oo cot mi *n wrc Awsanuw \m urn is/is u/io h/u m/io h/io m/u m/io ly/w 17/10 AWWlfflff im 11/n~ 10/10 19/1$ 11/10 11/10 11/10 21/10 11/10 14/10 34/lt flfl 19f/1f fl/if 117/1f ft/19 ff/lt fl/if ff/lf ?1/'Q jJ/jf1,008 words
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Advertisement1431 2003-09-23 25 m i«"sssSEau sss CR fKk 117&7HAMMI IE: 4224 19M (MAM) MWMD(D/0) M *****4 *****319/4f I T/WTW MMDS *****)14/44 I JOHorsowa awygmnui mmsoso tntnoo I **MRHBMSMUMS COSTM ANtMQB SON OHP TE: 07-****** HUL 07-*****70 VS/VOT SCP ME SNA QIN D« MIUOI NO U (M CN W/Wf HI M M DM. ID1,431 words
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Advertisement393 2003-09-23 25 [^^^^^^^^^ZZZZZZZZ^Z!ZZZZZZZZ^^^^^^^^^^^^^^^mZZZZZZZ^IZZZZZZZZZZZ|^^^^^3] rs—^TTTTrraTSTSTr!«ssa wiTTat *i aSmhmm mi igil WQ ii 7» mo ntin W \t)A \xA ~T7ii tea I s 15s ifr. Ig—1g— iw\ I -«n--'M-MUIM [^^^^^o^asjotOi^aZnttoTsn AOttUCD/CIWA (CHI)/ FUKUTUM (FTO/ HMADk OXO/ HIROSHIMA 0«J)/ ASHtKARI (ASI)/ INMZMM (KHZ)/ KUMAMOTO (KMI)/ MAtZURI (MM)/ MfZUSHUW (MIZ)/ MOJI (MQJ) MURORAN (MUD/ NAGASAKI (NGS)/393 words
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Advertisement394 2003-09-23 26 fo| 081 MAC HQU—I/BOOHM—i WT7344 HJU MMT4M HWUti IHmMIIWI ttm UCLIfIIU DOCUIIBmHOIIWUTlOW! M3MM7 FAX; MMOIT7 5" iTC 1 "ST 1 "MP I IWTw I I 3f7w STio 077)0 n7To fflu «7TI TT7n Sk ——304# m wis m wn m n>n i ii!wSmi...ii 1 ww m/io ?i/io B/ii ir/ii k/ii wii394 words
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Advertisement498 2003-09-23 26 WX WAN HAI LINES V TEL *****588 FAX: *****163 INTRODUCING:- NIW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TOl JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For mora detaile, emll HOTLINE: *****888/1800-*****00 m NOrrRANS SNIPPINO AOINCIIS Jsf 29 INT'L BUSINESS PARK #05-05 ACER498 words
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Advertisement419 2003-09-23 26 BSfl n. MYANMA FIVE STAR UNE Winiin II lIM looflq hr Yoomo rasa vot sot m m m nam mm at ■mi »m so M lUUTSIA: OOVSTIAO SMffMS AOtNCKS OR: 03-*****3 M HL 03-317*4101 PBt 04-*****02 BANK LINE (A wrvin «f Mmr Wair S%ph|) NOttTHIOUNP TO HJ»OW~1 V CONIMNBt, KOtQl419 words
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Advertisement830 2003-09-23 27 IVI SMI V6y kMH HKO SIN HQ. P*» 6A6 I PMM rMTI CAM PRIO KL aoos ~SMUO (D») 19/09 (JKT) 22/09 21/09 30/09 01/10 06/10 10/10 KAN lAW Kl aOO* SKf SKIP 04/10 05/10 12/10 IS/10 19/10 21/10 ■AN HOCMOZOAN KL 332 07/10 09/10 11/10 12/10 19/10 20/10 27/10 29/10830 words
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Advertisement512 2003-09-23 27 UK CONTINENT SERVICE Loading (or~ ARCHIMEDES RTM/ATW/BMNAJK/NAN Loads EJW. Indon—i» MIDDLE-EAST SERVICE Loading for PANORMOS PRIDE DBI/ABU/DOH/BRN/DMM/KWT REGINA V HDD/JDH/'AQA FTVOS DBI/ABU/DOH/BRN/DMM/KWT lOU HDD/JDH/AQA •Loads Singapore. E7W Matoym mdonen USA SERVICE Loading tar GIORGOS CAM/NFK/SAV/NOL NENAJ VCW/LAX/M2L loadiEM. Matayi*. Indorwia F.E./S.EJL SERVICES S pore Loading tor POSCTBN INC/BSN toads E512 words
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Advertisement373 2003-09-23 27 rasa 38H u E0( JSSSL JflU M XL j&iMM m m mr- -SfSHts as S£—S£— mum ing MtLZ—aaj_ -gHffi l SS 2& —2^s— gj K —Sfli ffiS r*wnM »ni zB/l{ i?/it nfni mm xm a/ft fM as IM lII.NWIW 5E*****85J8 aßhn=sßbnffi 1;;:: 1 1:; 1 1 a stc 8%re.0 rt-t—373 words
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Page 29 Miscellaneous
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Miscellaneous133 2003-09-23 29 27 rTimi"!i"' 1 H jftKLjL F g t W t wK- s^BK i~«n SBBBmS EBSEI I ffH-V- v W d Jjs v Mff Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers Full circle w/o line indicates calm or light and variable winds p a j n One133 words
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