The Business Times, 30 September 2003

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Total Pages: 34
1 34 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 024/03/2003 Internet: nttp://business-times.asial com.sg SINGAPORE TUESDAY. SEPTEMBER 30, 2003
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  • 548 1  -  BT exclusive Manufacturing staff likely to see biggest jump in pay, SNEF poll shows By Chuang Peck Ming [SINGAPORE] The uncertain economic climate has left employers busy with adjustments to their projected wage hikes and the latest survey by the Singapore
    548 words
  • 646 1  -  Analysts say interest in region revived on top of China target By Wong Wei Kong [SINGAPORE] United Overseas Bank's bid for Bank Internasional Indonesia (BII) may indicate renewed interest among Singapore banks in acquisitions in Southeast Asia, while keeping the China market as
    646 words
  • 73 1 Dsn 1,628.71 (+1.17) ST INDEX FUTURES 1,621.00 (+3.00) mm SIMSCI FUTURES U 199.60 (+0.40) Monday hangt> KIM CMP MLM fi iw NIKKKI225 _.10.***** -K8.K7 RAM 8MB IU4UI I4K.K7 SKTINDKX -5K0«B JAKARTA MIMP JW7.I4 2.7 MANILA (MMP I.SI0,H» S.49 TAIPEI WPI 5.R4S.50 -fi.SI KKOTLUiMP «%<« 4I.S4 SIIKNZIIKN B -22K71 <(149
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  • 75 1 FOREX RATES US$ S$ ISS (SSpwISS) 1729 S|l SS/SSprt-*)- (v.l Kl KO(l SS/SS/K| 1.141 I-972 YKN 111.4 t4 4il KM SH«« 2.I9H HKS 7.749 44«2 BAHT 401* t\IK Kl I1AH H.424 4.H72 KKNMINBI K .299 4H00 INDIAN RIPER 4&.H5 2fii»2 AS 1494 OHM NZS 1.703 0.9H5 NHKMTEt S!Mi.\|1»KK* .2'.
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  • 769 1  -  Impact on S'pore employees, agents too early to assess By Daniel Buenas {SINGAPORE] Manulife Financial Corporation of Canada will buy US-based John Hancock Financial Services for US$ll billion in stock to create one of the biggest lifeinsurers in North America but policyholders in
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  • NEXT page
    • 263 2  -  Processing claims will take seconds instead of days By Chen Huifen [SINGAPORE] Insure.NET, a Web services platform initiated by Microsoft and the Infocomm Development Authority, is set to save insurance companies here millions of dollars a year. Touted to be the first
      263 words
    • 873 2  -  Analysts split on current inventory, participation by mainland investors From Jeff Wagner in Hong Kong HONG KONG'S property market may be picking up from the lows reached during the Sars crisis, but analysts are split over its future prospects, differing on how the current
      AFP  -  873 words
    • 793 2  -  Law firm also sees more Chinese firms listing in S'pore By Loh Hui Yin [SINGAPORE] China's membership in the World Trade Organization has paved the way for more Singapore companies to enter the mainland's services sector. And on the other side of
      ARTHUR LEE  -  793 words
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    • 70 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 10 ARRANGE A FREE CONSULTATION CONTACT: Aidan Heaiy or Simonne Toh T:+6s 6535 3382 F: +65 6535
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  • SINGAPORE companies
    • 447 3  -  BT exclusive 3 shareholders apply to call meeting to change most of the board members By Serena Ng JUST three-and-a-half months after Startech Electronics* board saw a major revamp following a boardroom coup at a shareholders' meeting, a new group of three
      FILE PHOTO  -  447 words
    • 354 3  -  Casino operator submits appeal at last minute to revive $100m IPO plans By Loh Hui Yin CAMBODIA casino operator NagaCorp has made an appeal for its listing prospectus to be registered, the Monetary Authority of Singapore said yesterday, adding it will give "due consideration"
      BLOOMBERG  -  354 words
    • 717 3  -  HOCK lock siew wong wei kong IF UNITED Overseas Bank's (UOB) bid for Bank Internasional Indonesia (BII) raises some questions, then Temasek Holdings' move to acquire its second Indonesian bank in a year is even more baffling. Last week, UOB and Temasek both made
      717 words
    • 611 4  -  But weak firms may shy away from voluntary coverage, critics say By Serena Ng THE Singapore Exchange and the Monetary Authority of Singapore yesterday unveiled a unique scheme to help broaden the research coverage of Singa-pore-listed stocks, but some industry players said they expect only
      611 words
    • 241 4  -  By Kenneth Lim CHINA medical apparatus maker Sunray Holdings plans to light up the Singapore Exchange mainboard with an initial public offer of 60 million new shares and 15 million vendor shares. The Guangzhou-based company, which lodged its preliminary prospectus with the Monetary Authority of
      241 words
    • 415 4  -  Move to help Value Creation and China Delta list in S'pore By Wong Wei Kong, Joyce Koh MAINBOARD-LISTED Add value Technologies yesterday announced plans to invest in two of its business partners that it hopes will eventually be listed on Sesdaq. Addvalue, a digital, wireless
      415 words
    • 286 4  -  By Kenneth Lim HARD-DISK drive (HDD) component maker MMI Holdings' managing director Teh Bong Lim wants to reduce MMl's reliance on the hard-disk industry through diversification, but loss-making non-core businesses sent MMI into its first-ever loss of $3.6 million for the year ended June
      286 words
    • COMPANY Briefs
      • 66 4 TEXTILES trader Ban Joo&Co reported a26parent j profit rise to $2.78 million, while turnover roe*&77 j per cent to $140.9 million for the year ended June 8D. Earnings per share rose from 0.39 cent to 0.50 cent The company attributed the improvement to higher i contributions from
        66 words
      • 83 4 SEE Hup Seng, which provides corrosion prevention services, said Meadow Springs Enterprises is acquiring a 28 per cent stake in it, or around 30-8 million shares, at 4.75 cents each from SHS Holding (Pte) Ltd. Meadow Springs has also entered into call and put
        83 words
      • 72 4 JACKS International, which deals in industrial and technical trading, installation ofpiping and ducting, retailing of health foods and supplements, and motor vehicle distribution and servicing, incurred a net loss of $246,000for the half hear ended July 31, compared with a $217,000 net profit previously.
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      • 48 4 RESPONDING to our report last week "Xpress founder forced to sell more shares", KK Fong, the former controlling shareholder of the company, hat clarified that he also holds a deemed interest of another 14.93 per cent in the company. The latest store saie reduced h.s direct staljpMtregWMggh
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    • 283 3 Half-day seminar on Dealing With The GST Rate Increase and Current Issues and Developments The government has indicated that the GST rate will increase to 5% on 1 January 2004 as planned. This further one-point hike will leave businesses with about three months to prepare for another rate hike within
      283 words
    • 26 3 I t r < ...I.I li I t I t t I i Ci ii kct .At i«(") I hull-I nth /Ct' CRYSTAL TIME (S) PTE LTD
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    • 405 4 aEBSSmSffi inm*mwtimmn,.>m<***m+ifto uotfpi m fiJUMsii i fZSjL The Logistics Institute Asia Pacific A collaboration between National University of Singapore j555 Georgia I nstitute of Tech nology M Qepe (taster/ Mm% l! Lfigjt&js t M| CMi Management I The Logistics Institute Asia Pacific (TLI-AP) is a collaboration between Attractive Study Awards
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    • 79 5 i v.-j j, t!t *:ht f t k i h Suv Kipoi o s 1 1 f' 1 io! i' 1 i■ C-''!l:hin k i!-0! I Of v.. !S'i< >!!! i s n .UK! With. tlu: IK!.-. UOiVisj 11:■'11!!•. C.r- j f M H M i! i I H 1
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  • SINGAPORE markets
    • Article, Illustration
      283 6 OTHER SINGAPORE INDICES Sep 29 VALUE CLOSE TOMS 200.00 -15.00 ITCOPI -*****.00 -6.00 ■T1H* Mil -*****.00 +20.00 (Ml tf fpiii 444.28 -0.51 SQCjrfiiiDiit 173.19 -0.58 «r|Jiiifti 1400.12 +4.05 »r«*lnPiM 404.97 -0.40 199.94 -0.30 OHaMra 199.80 +0.40 Japan Asia 5o 63,765,000 TTIntlSc 54.156.000 KlVemures 10c 39.436.000 C«Jra»a2.5c 37.U7.000 PacMcCarftuylOc 34.929.000 Thahral
      283 words
    • 277 6  -  HOT STOCK/ WARRANT By Ven Sreenivasan ANALYSTS who recently went on a company visit to Eastern Asia Technologies facilities in Shenzhen, China, came away very impressed by the company's expansion and scale of business activities. In a report last week, DMG Partners noted that
      277 words
    • 762 6  -  BT comment STOCKS ven sreenivasan IT was another case of the Monday blues for the local bourse, which yesterday kicked off the week on a lacklustre note amid anaemic openings on other regional markets. Concerns over the pace of US economic recovery and the weakening
      762 words
    • 610 6  -  BT comment CURRENCIES Asian units close off highs on fears of intervention action by authorities larry wee IT was the turn of the high-yielding Australian and New Zealand dollars to feel the heat yesterday, after ministerial comments on Friday that the latter
      Source: Reuters  -  610 words
  • 48 6 UNIT TRUST FUNDS IMMDc «a prima* Mka*w«opt ♦or En Mnagk MW ftroatfy DiwnMa*! Narrowly Foaaad; S Unmr M*» 1m to Madha* Mc ft Mrfw «D Mgti MC Mfhar RWc topmnM: Mora wMvWon of unto; aMAflar wbdMrian of unNs SP afMr «Mfc tot N> Hon Deehng Dey Fkxx McaSSO.9IS
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    • 636 7 The Strategic Equity Fund Global Titans (USD) and the Strategic Equity Fund Global Titans (SGD) in 3-year eqiitv funis which after 2 sesrces ef nun: -'*i 1 Receive, per unit,a predetermined fixed annual dividend of 5% (USD Fund) or 4% (SGD Fund) as at the end of each year 1,2
      636 words

  • FOCUS property
    • 1107 8  -  Agents bank on lowering of price limit to boost sales to foreigners From Diana Oon Abdullah in Kuala Lumpur THIS year, the Malaysian government reduced the price limits for foreigners buying homes in Malaysia in a bid to encourage more
      FILE PHOTO  -  1,107 words
  • Page 8 Advertisements
    • 436 8 Kl Robert Khan H International Business Assets Consultants Expressions of interest invited for BUSINESS ASSETS IN SINGAPORE Industrial complex of 6-storey 4-storey 2-storey single-storey and Ancillary Buildings AND/OR 4,000 tonne/yr Coffee Decaffeination Plant Industrial complex housing green bean cleaning plant, caffeine crystallization plant, finished product plant, steam generating system, Atlas
      436 words
    • 174 8 JO^r^StMichaers Lodge •ar J stMk*-r.to«i Land Area: Y 1336.75m/14,3885f f ~.L0«4178MK17 Zoned Residential m>MM > Plot ratio 2.8 /Upto 20 storeys "V 1 100% Consensus to seR ForefXMfies. pteasecal Or3llff6lCC Mobile: 9730 8312 9181 8192 FOR LEASE S ALE Distinct Features: Unit size from 1019 sq ft Basement Parking Own
      174 words
    • 148 8 SIEMENS CENTER 60 MACPHERSON ROAD Prime brand new corporate building with 4 levete of Industrial/office space ♦or tease Located within walking distance to Potong Parir North East Line Station Various sizes from 3.000 sf to 13.850 sf For immediate occupation Premises with prominent highway frontage Soto Marketing Ayiili. B»mord Ooh:
      148 words

  • SINGAPORE news
    • 418 9  -  SingPower most exit retailing in the long-term, says EMA official By Tang Weng Fai SINGAPORE will consider liquefied natural gas (LNG) as an alternative fuel for electricity generators, in order to diversify the country's fuel supply and to improve energy security even if
      418 words
    • 211 9 Electricity distributor Singapore Power (SP) yesterday reported a 126 per cent jump in net profits to $749 million for the year ended March 31. The company attributed the impressive jump to better cost management and greater efficiencies in operations. Exceptional items also saw
      211 words
    • 388 9  -  New contractors shortlisted to tender for remaining works By Joyce Koh THE HDB has terminated the services of two contractors Koru Bena Sdn Bhd and Chip Huat Construction for being unable to continue to complete their Sengkang contracts on schedule. To minimise completion
      388 words
    • 286 9  -  EYE on the economy currency outlook By Daniel Buenas The US dollar could slide another 20 per cent against a basket of other major currencies, although the decline is likely to be a "soft landing" and spread over a period of time, according to
      286 words
    • 428 9 Hospitals caution against decisions based on price alone HOSPITAL billing information made public by the Ministry of Health and the Consumers Association of Singapore yesterday can help patients choose hospitals, but hospitals can also use the tool to review their pricing and costs,
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  • EDITORIAL & opinion
    • 789 10  -  THE bottom line OPINION yogi aggarwal THE anomaly is so obvious that repeated attempts are made to correct it When India and Pakistan were part of a larger country, there was a constant movement of goods between one part of the country and another.
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    • 46 10 'This has been a half-speed economy and now it's shifting up to three-quarters speed. But unless we get job growth, I don't think it's going to have a lot of legs to continue growing rapidly. -David Wym an economist, on the US economy.
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    • 615 10 EDITORIAL IT IS now clear that US President George W Bush's appeal to the international community to join the American-led effort to bring stability to Iraq has received a tepid response at best This is all the more problematic for the fact that
      615 words
    • 1415 10  - Hie ABCs of layoffs and pay cuts if needed While the axe may be required at times, companies most note that any expected savings from a retrenchment exercise can be nullified by other factors By Ho Wan Leng IN fine weather, companies focus on their expansion plans, growth, revenue, marktt
      FILE PHOTO  -  1,415 words
    • 574 10  -  COMMENTARY The stock prices of some top US companies are languishing and the prospects aren't good By David Pauly Bloomberg SOME of the world's best-known corporate names have become real losers. Kodak. General Motors. McDonald's. AT&T. IBM. What's more, the chances of these giants
      Bloomberg  -  574 words

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    • 59 11 ♦Terms Conditions apply. Details of specifications may differ from pictures shown and depending on models. For further assistance, please consult our Sales Engineers. TAVATA Mon- Sot Bom- 7.30pm, Sun: lOom- 6pm *33 Lang Km Rood, Singapore *****2. W: 6475 1288 •S3 Übi Awe 1, #01-45 Poyo Übi Industnol P«k, Singopore
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  • EMERGING enterprises
    • 883 12  -  Raju Chellam finds out how the EDB is attracting technology providers with its 'market connection' Raju Chellam HOW do you get researchers, innovators, venture capitalists and end-users together so that they leverage on each other to get new products and processes to
      CHRIS LOH  -  883 words
    • 490 12 A SLEW of topline CEO and industry experts are scheduled to speak at the "Captains of Industry" conference on Oct 28 and 29 at the Global Entrepolis Singapore event at Suntec City. Prime Minister Goh Chok Tong will deliver the inaugural address on the night of
      FILE PHOTOS  -  490 words
    • 334 12 EARLY this year, the EDB began to work on nurturing three new emerging industries to diversify Singapore's economic base optics and photonics, industrial IT and nanotechnology. In 2002, foreign investments into these new industries doubled the number of jobs created, with fixed
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  • REGIONAL news
    • 634 13 TAIPEI TSMC among Taiwanese firms baulking at China's low-end technology Reuters CHINA'S efforts to lure electronics firms from Taiwan to help build a modern hightech economy on the mainland have so far failed to attract big investment in research and
      Reuters; BLOOMBERG  -  634 words
    • 311 13 TAIPEI More asset sales planned to plug Budget deficit Bloomberg TAIWAN plans to sell a 3 per cent stake in Taiwan Semiconductor Manufacturing Co, the island's biggest company by market value, for as much as NT545.9 billion (552.35 billion) as it seeks
      Bloomberg  -  311 words
  • Page 13 Advertisements
    • 238 13 BPacademy Empowering the Intellect What is intellectual property, and how can you make it work for you? How can you manage your company's intellectual assets for maximum benefits? How can you boost your career prospects and play a role in Singapore's developing IP arena? The IP Academy is the focal
      238 words

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    • 85 14 World class players. World class action. The Tiger Skins is back. ft* Annika Sorenstam Annika Sorenstam. Retief Goosen. Lam Chih Bing. And Jesper Parnevik. Once again, the Tiger Skins Exclusively on «R brings together 4 magnificent golfers to set fire to Singapore's fairways. Catch them at Asia's premier Skins event
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  • REGIONAL news
    • 243 15 KUALA LUMPUR Bernama THE provision for whistle blowing in the Securities Industry laws will be completely drafted and implemented next year, Second Finance Minister, Jamaludin Jarjis, said yesterday. Whistle blowing refers to protection given to company officers who blow the whistle or disclose
      Bernama  -  243 words
    • 509 15 Purchasers to be paid RM270m in shares as damages for project delay MALAYSIAN tycoon Vincent Tan's headache is far from over despite completing the region's biggest mall in time for yesterday's opening by Prime Minister Mahathir Mohamad. The businessman disclosed he will
      AP  -  509 words
    • NOTE Book
      • 106 15 Reuters [BANGKOK] Krung Thai Bank will sell shares at 9 baht (38.8 Singapore cents) to 9.50 baht, a discount of up to 6 per cent yesterday's closing price, a bank source said, in a partial privatisation that will raise US$675 million to US$7l3
        Reuters  -  106 words
      • 97 15 Reuters [KUALA LUMPUR] Malaysia's largest car maker Proton said yesterday it expected to complete its corporate reorganisation early next year, paving the way for a strategic partner as it poised itself for the opening of the protected domestic market. Under a revamp announced in
        Reuters  -  97 words
      • 107 15 Reuters [HONG KONG] Peoples Telephone Co Ltd, one of the smallest of Hong Kong's six mobile phone companies, said yesterday it has received three listing proposals from investment banks for a public offering that would value the company at about HK|5 billion (Ssl.l billion). Based
        Reuters  -  107 words
      • 75 15 Bloomberg [SYDNEY] A group led by Leighton Holdings, Australia's biggest construction company, has won a Ass6o million (Ss6so million) contract to build a highway linking Kuala Lumpur and Putrajaya. The other members of the group are Maju Construction Engineering Bhd and Perwaja Steel Bhd.
        Bloomberg  -  75 words
      • 104 15 [KUALA LUMPUR] Publishers will incur an additional cost of between RMI million (*****,000) and RM3 million a month with the implementation of anti-dumping duty on imported newsprint, the Malaysian Business Times reported the Malaysian Newspaper Publishers Association (MNPA) as saying yesterday. The Ministry of International
        104 words
      • 81 15 Bloomberg [JAKARTA] Shareholders of PT Bank Mandiri, Indonesia's biggest lender by assets, approved a write-off of 2 trillion rupiah (Ss4oo million) of bad loans, chief finance officer Keat Lee said. The "debt forgiveness" amount will be booked as an expense as the lender will
        Bloomberg  -  81 words
      • 68 15 Reuters [JAKARTA] Indonesia's largest cement-maker, PT Semen Gresik Tbk, reported a 51 per cent slump in its first-half net profit yesterday, despite booking an increase in net sales, as slow growth hits demand for cement. The firm said it achieved a net profit of
        Reuters  -  68 words
    • 303 15 Size could reach US$40b within 18 months after slow start: Goldman [HONG KONG] At least six companies in Hong Kong are close to applying to list real estate investment trusts on the Hong Kong stock exchange, The Financial Times reported yesterday. According to investment
      303 words
    • 646 16 HONG KONG HK insurers can own up to 24.9% in China insurers now, up from 15% Reuters HONG Kong insurance firms will be allowed to own bigger stakes in their mainland counterparts under free-trade deal rules, revealed yesterday, aimed at
      Reuters; AFP  -  646 words
    • 499 16 SHANGHAI Teir presence leaves smaller players struggling [SHANGHAI] The foreign banking business in China remains dominated by global Financial giants and large Japanese institutions, according to figures produced by the People's Bank of China (PBOC), leaving little room for struggling smaller players to
      BLOOMBERG  -  499 words
    • 903 16 It's time they get out of the trap of export dependence, writes William Pesek Jr [SINGAPORE] AN extraordinary thing is happening in economies around Asia: currencies are rising and governments are letting it happen. It's not clear if the tolerance will last; in fact,
      903 words
    • 208 16 BEIJING Reuters CHINA'S foreign exchange reserves swelled to a record U*****.7 billion at the end of August, the central bank said yesterday amid persistent pressure from the United States for a revaluation of the yuan. The reserves, the world's second-largest after Japan, reached U*****.5
      Reuters  -  208 words
  • Page 15 Advertisements
    • 269 15 Good Times Fly Save up to on ANA Economy Class when you fly ANA Asia Triangle lam Pr STOPOVER ANA ASIA TRIANGLE FARE* From 1 Oct '03 31 Mar '04 WHijR, f Inclusive of One Asia Stopover J Business Class Economy Class 3\ m Beijing fr.553.720 fr.552,160 «®r shan g
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  • Article, Illustration
    1087 16 I Transaction date: Sep 29 j* c$ E«n> HKS Hd ts tuptofc Yen Won III p Mb Nw SSt— Sfr WTS Hfct Fo»4 |>SS Australia 0.911 5.553 0.587 5.185 30.685 56.373 0.745 7.699 2.543 1.140 38.744 36.740 1.157 4.793 0.904 22.597 26.820 0.405 0.669 Canada 1097 6.094 0.644 5.690
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  • Page 17 Advertisements
    • 203 17 Toyota Motor v 'X v V\ v *'i. v 4.;*^ >^v t V\ > V > v v x v. v y N .V V I v I %>v <;- i" >. ~:V x --v I Is it possible to perfect something already acknowledged to be flawless? "Manufacturers usually require
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  • WORLD news
    • 535 18 WASHINGTON Personal savings rate increases for 2nd straight month AP. Bloomberg Reuters US personal spending posted another healthy gain in August, even as consumers socked away more money in savings, the government said yesterday. The report boosted hopes the crucial household sector would be
      AP.; Bloomberg; Reuters  -  535 words
    • 254 18 FRANKFURT AP, Bloomberg JUERGEN E Schrempp, Daimler-Chrysler's chairman and chief executive, is leaving the New York Stock Exchange's board of directors following the salary furore involving former NYSE chairman Dick Grasso, a spokesman for the auto giant said. Mr Schrempp becomes the second director
      AP,; Bloomberg; AP  -  254 words
    • 414 18 NEW YORK Bloomberg THE American Stock Exchange (Amex) failed to police options trading in violation of an order mandating stricter enforcement and then lied to regulators to cover up its lack of supervision, according to Securities and Exchange Commission (SEC) inspectors. The third-biggest US stock exchange
      Bloomberg  -  414 words
    • WORLD Watch
      • 86 18 AP [FRANKFURT] Germany's postal service Deutsche Post will sell shares in its banking business sometime next year, the company said yesterday. The company's board of directors approved the sale of a minority stake in the Postbank subsidiary within the next 18 months. Even with
        AP  -  86 words
      • 87 18 Bloomberg [SEOUL] Capital Group Co, the third-largest US mutual fund company, said it owns 5.01 per cent of Kookmin Bank, South Korea's largest lender. The stake is worth 614 billion won (*****.2 million). The foreign investor has 16.46 million shares of Kookmin Bank for
        Bloomberg  -  87 words
      • 101 18 AFP [TOKYO] The state-run Development Bank of Japan (DBJ) has loaned 70 billion yen (Ssl.l billion) to Japan Airlines System Corp hit by the Iraq war and the Sars outbreak, a spokesman said yesterday. "We have received DBJ's approval for loans totalling 70
        AFP  -  101 words
      • 118 18 Bloomberg [BOSTON] Harvard University s endowment fund, the largest of any US college, gained 12.5 per cent in the year ended June 30, the first increase in three years. The endowment at Harvard, based in Cambridge, Massachusetts, totalled US$l9.l billion at the end of
        Bloomberg  -  118 words
    • 275 18 NEW YORK Reuters, Bloomberg TWO Morgan Stanley mutual funds are being probed for possible insider trades involving their purchases of Dean Foods Co shares around the time the bank was also advising a company that was considering buying Dean, the Wall Street Journal
      Reuters,; Bloomberg  -  275 words
    • 485 19 AMSTERDAM Analysts believe industry can grow 10% or more this year Reuters [AMSTERDAM] Global chip sales increased by 4 per cent to U5513.42 billion in August against July, keeping the hard-hit industry on track for a healthy recovery, a US-based
      Reuters  -  485 words
    • 283 19 Bloomberg [SEOUL] Samsung Electronics Co, the world's second-largest semiconductor maker, said demand for flash memory chips used in digital cameras, music file players and other portable devices is outstripping supply. The company, which has a 65 per cent share of the market for the
      Bloomberg  -  283 words
    • 485 19 PHILADELPHIA AP FOR a growing number of financial institutions across America, bankers' hours now include Sunday. Even with convenient ATMs and 24-hour Internet account access, more banks are opening branches on Sundays in what analysts say is increasingly fierce competition for retail customers.
      AP  -  485 words
    • 419 19 Bloomberg [CANBERRA] Australian Prime Minister John Howard has reshuffled his Cabinet ministers, signalling the start of government preparations to seek a fourth term at an election likely to be held next year. Philip Ruddock was appointed attorney-general, replacing Daryl Williams, who will become communications
      Bloomberg; REUTERS  -  419 words
    • 606 25 NEW YORK First US corporate greed case will indicate how others will be pursued NYT DENNIS Kozlowski spent Saturday at a lavish wedding party for his daughter on Nantucket, where he owns a beachfront estate. Yesterday, Kozlowski, the former chairman and chief executive of Tyco
      NYT  -  606 words
  • 1548 18 BICOM FUTURES Sep 29 «*KI R*ra(Oe*i|rtMi) ISS1(ScMbAO Close Vol—« Open Mwtt liffc Lot Sett (tomes) Interest Oct 03 196.50 Nov 03 199.50 Dac 03 200.50 Jai/Mar 04 202.50 RSS3(UScMb/k|) Votooe Opm m_fc i f ,n 1 MOHtR RlQn LOW Mil UOBWS) IWITMi Oct 03 iaio iiis Nov 03 H4.50
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  • Page 19 Advertisements
    • 1720 19 aiftrttoc call toil-free l—o 2>9 8822 K—il: Botice»»«pkcomjg IN THE MATTER OF CONTROLS MATERIALS TESTING PTE LTD (In members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to section 308 of the Companies Act. (Chapter 50) that the Final Meeting of the Members of the above-named Company
      1,720 words
    • 186 19 IN THE MATTER OF COMPANIES ACT (CAP 50) AND YAT WANG PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act that the Final Meeting of the abovenamed Company will be held at 140 Robinson Road #06-03 Singapore *****7 on 31 st
      186 words
    • 463 19 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BAHAGIO TRADING PTE LTD NOTICE Of RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 390) Al on Extraordinary General Meeting of the members of BAHAGIO TRADING PTE LTD duly convened ond held on 27 September 2003
      463 words

  • iX 2003
    • 156 20 THE fotir-day iX 2003 exposition from today to October 3 at the Singapore Expo will be one of the biggest infocomm events in Singapore this year. It includes learning labs, a conference, an exhibition and workshops and is set to attract 20,000 industry professionals from the
      156 words
    • 809 20  -  Singapore has become a location of choice as the regional HQ for global ICT businesses. The challenge, say BERTRAND BIDAUD and FREDDIE NG, is in keeping the country just as relevant, if not more so, in the years to come BERTRAND BIDAUD FREDDIE NG
      809 words
    • 698 20  -  By PAUL CHAN THERE is no doubt that we are in a tough IT environment today. And I think a lot of the conversations around this industry has been focused on a cyclical economic environment. But I would like to put
      698 words
    • 610 22 Singapore and Australia are well positioned to create new ICT opportunities for each other AS LEADING players in the information economy, the Singapore and Australian ICT sectors complement each other in many respects. Both countries recognise that the way forward in maintaining this standing is
      610 words
    • 836 22  -  Governments, businesses and consumers in Asia can look forward to enhanced productivity and better services at lower costs with the growing use of IP telephony, wireless LANs, 3G and other tech innovations, BILL CHANG explains BILL CHANG WHEN it comes to IT, businesses in Singapore and the
      FILE PHOTOS  -  836 words
    • 733 22 The challenge today is for the collective advances in individual domains to be translated into tangible products and services CONVERGENCE is many things to many people, and arguably more so in mobile devices than anywhere else. Beyond making a call or organising personal information with the
      733 words
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    • 97 20 Improve 1^ Management Up to date payment reminder via SMS Timely monthly account statement via email or fax Strengthen Customer Relationships Personalized email, fax or SMS message New product Announcement to selected recipients l/ICIT 11C JIT Effective Sales Marketing Tools Recurring broadcast with pre-defined message template m On-Demand SMS request
      97 words

  • Page 21 Advertisements
    • 205 21 Jh.- .~tjl -'i. r A 1 V -riw If i|-|,ft ri-- rffifi iiTirtTV > j/ M. .tii^^iii^i l u»- 1 m "*J£ r J[ r -i iftt rim»r't' tiam 1 ojj 1 si". 1 l iy -.-"^rf- 1 »i ji^ESJsr^^ntWM'2m f& is& «i£k. *r i" *5/v -<Mffrifr,. ,>: A '>%
      205 words


  • Page 23 Advertisements
    • 101 23 i i. i. Java™ Enterprise Java" Enterprise Java" Enterprise System System System L L L |ava™ Enterprise Java" Enterprise Java' Enterprise System System System i i i Java" Enterprise Java" Enterprise Java" Enterprise System System System M w www.sun.com.sg Call 1800 FONE SUN (3663 786) for more information. SUN MICROSYSTEMS
      101 words

  • 7 24 i Transaction date: Sep 29
    7 words
  • 5 24 Transaction date: Sep 29
    5 words
  • 806 24 I i Transaction date: Sep 29 Hi* —I m Ow ft m Ow Q—» Uran SOc 0-39 1.010 4L010 NaCStaal 50c <U4 2-2*0 -0090 CK 070 11S0 OCJC U1 11J00 4200 CaprtaLand 120 1.470 -0020 OUC 04* 6650 -OOSO Chart SamKond 26c 1.3* 1490 *0020 Parkway H 25c 0.47
    806 words
  • 604 24 BONDS WARRANTS Tai Urt Vol Cam Eur 'SSk Gaar-'i&s a* cmgg >fc *f- mm mm* wn i— un 3698 A5T1W*****1 215 4 460 1 16 3 1j67 9 3697 Acma Ltd WM1116 15 unch 185 1 50 390 7 00 14 3602 Amtek W*****0 115 1 62 1 33 13
    604 words
  • Page 24 Advertisements

  • 13 25 Transaction date: Sep 29 for live prices, log on to www.asiaonemarkets.com
    13 words
  • 75 25 JjMtt M Ifl* M Bqr IMQMt G>Oi» On CrYM M MCaa W# I—I C—t Ciwpm Ml ♦<- rmi L— Nur Cw Wt t3 9600 <9 6065 Dumonds US2060 *60 2060 2060 2120 3750 2700 6095 IS DJ ITS Tech US3740 6097 IS MSG Spore US5S5 8270 8200 6101
    75 words
  • 1995 25 M Lact v«f Day Lact Quote GrtMv Dn GrYM M MCm t— c«4» r no mi s* w- raaat t—i 8— s*r Cw m s3 24 75 SOOO A8R Hldgs Sc 20.5 -0.5 81 20 5 20 X 20 5 5 41 12 5 2101 APOrfSc *5 -1
    1,995 words
  • 349 25 124* M Last Vol Omi UrtQoMt CrtN« Dn GrVM Nat MCaa iwuntm c sal. u- rmm u» *■>» w» c» m >■» 168 815 6000 AVJcmngt A2SC A159 *1 89 159 158 158 ISO 40 8 8 6.3 6 H22 6001 Cathay Pa< 20c HK720 265 2.1 7.4
    349 words
  • Page 25 Miscellaneous
    • 357 25 CRYPTIC CROSSWORD 7 Bouncer needed at seaside 8 A beauty enjoying resound- j j j 1 j j i j ing success? (5) U 10 Resolve of old Spanish leader to cross river (6) |10 I I I I I 11 A shady image is certainly L not positive! (8)
      357 words

  • FOCUS enterprise
    • 1989 26 Strategy guru Sumantra Ghoshal says traditional management philosophy is bankrupt SUMANTRA Ghoshal is among a handful of world-class thought leaders based at European business schools. In 2001, Professor Ghoshal was ranked 12th in the Thinkers 50, the first globed ranking of business thinkers. Prof
      1,989 words
    • 610 26 Xinhua TRADE unions, organisations that have traditionally existed only in the state-owned enterprises on the Chinese mainland, have been increasingly embraced by bosses of private firms as many of them have come to realise their indispensable role in boosting their business. In
      Xinhua  -  610 words
  • Page 26 Advertisements
    • 233 26 fresh the ywmA 3T"j3 Exclusive to Diners Club Cardmembers, order the Simply Fresh Dinner Buffet and receive a complimentary glass of house wine*l Lunch: Moo to Fri, 12 noon to 2.30pm Price: $31.50 Dinner Sun to Thurc, 7pm to 10 30pm Price: $34.00 J Fri. Sat A Eve/Public Holidays, 7pm
      233 words
    • 128 26 SENBAZURU Fresh Salmon, tantalising Tuna, succulent Prawns more Now you can savour the ocean's best catch with our irresistible Sushi and Sashimi specnkoes Also available on the buffet are lip-smacking Tempura and Teppanyaki delights plus a host of other choices to satisfy your craving for exquisite Japanese delicacies. For unlimited
      128 words
    • 149 26 Indulge In the best of two culinary worlds as we bring you the best of international cuisine. Highlights include Pepper Crabs and Roti Prata from Singapore. Sashimi and Caltfbrnian Hand Roils from Japan. Fresh Oysters. Soft-shelled Crabs and Braised Oxtail from Europe and lots more. Monday to Sadiy (except Saturday)
      149 words
    • 63 26 —vajisi-t modish indian dining ■■Savour authentic Indian cuisine by the Waterfront. H Gourmet Set Lunch V 12 noon to 2.30pm Kl Ss2o per person v Dinner 6.00pm 11.00pm Vegetanan/non-veqetarian Jlli menus available Make your dining reservations with us at: Tel: (65) 6345 4466 Fax: (65) 6344 5344 Van*h Unit 01-04
      63 words
    • 63 26 "IMERITUS MANDARIN SINGAPORE T TAM CUISINE THE PRESTIGIOUS FLAVOUR OF BEIJING 26 September 4 October 2003 Lunch 12.00 noon to 2.30 pm (Mon Sat) II .30 am to 2.30 pm (Sun Public Holiday) Dinner Dill/ V! 6.30 to 10.30 pm (Dally) flfllQ Reservations: 6831 6262/66 Chinese KSTAUMKT METTTUS MANDARIN out
      63 words

  • SHIPPING TIMES
    • 256 27 Reuters THE Baltic Dry Index rose 87 points to 2796, the Baltic Capesize Index rose 128 points to 4117, the Baltic Panamax Index rose 106 points to 2615 and the Baltic Handymax Index rose 266 points to *****. TOTS-CHASTER: Cape Century (built 2001) *****3 dwt delivery Immingham 14/15
      Reuters  -  256 words
    • 277 27 SGX *000 sep29 a w- vd CH Offshore .038 -0.01 4195 Chuan Hup 0.50 -0.01 2276 Cosco Investment 0.52 0.02 ***** CWT Distribution 0.57 i«h 28 Ezra Hldgs 104 0.06 1127 Freight Ijnks .0.08 0.01 165 GB Holdings —0.72 unch 0 Java Holdings 0 66 unch 2323 K1Venhve
      277 words
    • 594 27 Ban does not apply to ships sailing outside countries' territorial waters Reuters [LONDON] A post-Prestige oil spill ban on ageing sin-gle-hull oil tankers carrying heavy grades of oil by the European Union which is due to come into force in
      Reuters; AFP FILE, PHOTO  -  594 words
    • 258 27  -  Abu Sayyaf threat to bomb ships bound for Manila From Alec Almazan in Manila PHILIPPINE port and security authorities have raised alert levels at all ports on the southern Philippine island of Mindanao because of threats to bomb ships bound for Manila. Increased security
      258 words
    • 410 27 Exemption starts tomorrow and will continue till end of 2005 Bloomberg (SEOUL] South Korea will suspend fees on transhipment cargo that enters the country's ports starting next month in an effort to make it more competitive against ports in Singapore, China and
      Bloomberg  -  410 words
    • FEMALE seafarers
      • 728 28 Women working alongside men on board ships face discrimination and sexual harassment ILO study finds ILO News [MANILA] WOMEN seafarers a rare but growing cohort among the world's waterborne transportation fleet face inordinately tough working conditions, including discrimination and sexual harassment, as the maritime sector adjusts
        ILO News  -  728 words
      • 91 28 AP [SAINT NAZAIRE. France] The Queen Mary 2, soon to be the longest, tallest and most expensive passenger ship ever constructed (US$BOO million), leaving Saint Nazaireport, western France, escorted by tugboats, for a three-day test run on the open sea off the coast of France.
        AP  -  91 words
      • 3 28
        3 words
    • 3 32 thebusinesstimes
      3 words
    • SHIPS IN PORT
      • 2 33
        2 words
      • 2 33
        2 words
      • 139 33 Oct 1 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 0 Australia: Labour Day. Oct 10 Taiwan: National Day. Oct 12 Brazil: Our Lady Aparecida. Oct
        139 words
      • 445 33 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the
        445 words
      • 47 33 U/r-anflNaraMi TNb m(ft te Imd mi uMpltt m iMlyMi kf DMV NtriiMn SwlctiMlliMiMracl IWlMmiimHJpM"!.!**!"* Ml iHii ma 4» wH* tit* lnternatlMiai LMttpMkMkyCHMlMMVtlliMl —OOUlm AC»ni»iiitU«<Cl*ACH«r—c»»mm—«»r FM MIIM WIFMUM MI CWTMI hnl fwltY cmM WIV MDIMM SinriCM TAfkMK om-39T-«o*a t«imc mm onv ukc. fmc om-ssr-ewz.
        47 words
    • AIR & LAND transport
      • 214 34 AFP [SYDNEY] Qantas admitted yesterday that its cabin staff delayed a flight because they thought four Arabs travelling as guests of Australia's national air force might be terrorists. Flight attendants on a domestic flight from Sydney to Perth raised the alarm after seeing three of
        AFP  -  214 words
      • 234 34 Bloomberg [SYDNEY] Qantas Airways, Australia's largest airline, and Patrick Corp, which owns half of rival Virgin Blue Airlines, formed a joint venture to buy a Mel-bourne-based engine maintenance unit. Engine Services Co made an offer to the administrator of failed Ansett Holdings
        Bloomberg  -  234 words
      • 563 34 Swiss govt unlikely to provide carrier with any more cash AFP [GENEVA] The troubled airline Swiss slipped under the protective wing of the Oneworld alliance and British Airways (BA) last week, but Europe's ninth-largest carrier has not cleared financial turbulence that
        AFP; AP FILE PHOTO  -  563 words
      • 494 34 Qantas grounds two jumbos for farther checks Bernama. Bloomberg [MELBOURNE] Aviation authorities have assured passengers it is safe to travel on Qantas planes despite two jumbo jets owned by the Australian national carrier being grounded after a crack was found in a
        Bernama.; Bloomberg; REUTERS  -  494 words
      • 139 34 Reuters [MELBOURNE] Five cargoes of international and locally sourced jet fuel are due to arrive in Sydney in the next three weeks to help ease a shortage of the product at the city's airport, a spokeswoman for the fuel suppliers said yesterday.
        Reuters  -  139 words
      • 224 34 Reuters [LONDON] British Airways (BA) chief executive Rod Eddington has urged the US to set its sights on the benefits to consumers and the aviation industry that could spring from a deregulated open aviation area. Writing in yesterday's edition of the Financial
        Reuters  -  224 words
      • 344 34 AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra yesterday shrugged off reports that Bangkok's international airport was a major security risk and possible terror target ahead of a summit of 21 world leaders here. "Thailand has no problem. Don't be concerned about it, we are
        AFP  -  344 words
      • LOG Book
        • 61 34 AP [NEW DELHI] An Emirates Airways jetliner en route from Dubai to Singapore made an emergency landing in Chennai yesterday when pilots detected a small fire in the cargo area, a local news agency reported. The jet, carrying 398 passengers and a 16-member crew, made a
          AP  -  61 words
        • 67 34 AFP [DHAKA] Bangladesh's GMG Airlines hopes to fly to other countries in South Asia if the government gives it the green light to be the first private carrier with an overseas service, a company spokesman said on Sunday. The airline, founded in 1996, will submit
          AFP  -  67 words
      • 420 34 AIRLME COOES M American Artnes lAAL) Af At France (Afty At tomda (AC). AY Fmr Oy(F9I)AZ AM*a Artnes (AZA) BA BrmsTi Amys Put* Lid Cc (SAW: BG Btnan Bangooesf Artnes (BBC) Bt Roy* Brunei Artnes Sdn Bhd (RBA). BO Bouraq Artnes (SOU! BP EVA Amys Corpn
        420 words
  • Page 27 Advertisements
    • 421 27 PEOPLE Managing director of Intertanko, Peter Swift, will head the newly combined secretariat of Intertanko and Intercargo. The two organisations will maintain independent identities, despite the single secretariat. AWARDS a PSA won the Container Terminal of the Year award at the Asia Logistics Awards ***** while Exel Asia Pacific's CEO,
      421 words
    • 104 27 Qarrtas planes safe despite cracks on B747s Back Page Aim for open skies. BA chief urges US Back Page Tougti life at sea for women seafarers Pg 2 Now Hit Revolution Takes Place Once Every Fortnight. The first fortnightly liner for project and heavy lift cargo Our Round-The-Worid Pearl String
      104 words

  • Page 28 Advertisements
    • 669 28 I IMPORT NORTH AMERICA 11~[ AUSTRALIA/NEW ZEALAND [SUPER SHUTTLE EXPRESS (SSX) m=S= imn nn "*****7 AUSTRALIA ASIA EXPRESS (AAX) VESSEL VOT LGC SIN KG 111 111 MMT— nowiiorowK w w wo wi "I 55 !5 J«_ OOCLCAUFORNU 73W31 20/09 II 0,1,1 n/# M/ PtO NEDUOYD SOUTHAMPTON 30W39 01/10 19/10 21/10
      669 words
    • 466 28 K lines services represented by fcjPJkffl Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association gjj ULY UNE MALE vor eta in n i P.KLAMG SfOtl MAli Empress Uly 0503 03/10 05/10 14/10 Maid Corner 742 A 13/10 15/10 24/10 Princess Uly
      466 words

  • Page 29 Advertisements
    • 1037 29 J TO USA (SAX SERVICE) VESSEL VOT S« ETA lAX OAK PAX HOU Oi COt MM Ml NTC Aft maun lilt 01/10 it/io ao/io h/io 21/10 ai/io »/io »/io AftSYffpa "oioT oi/io n/io a//io 20/10 2>/io 20/10 20/10 20/10 imo_ 3i/io AfIHOtIAMO not IS/10 30/10 03/11 04/11 04/11 04/11 04/11
      1,037 words
    • 1520 29 f q VrSUNI OVR SKRvKI rMfl SMMAPORS TO MACK HA VIA POKT SW OtMAWMH) 19 MVS UYOKVSK (VDMn NDK COBUI MOTS M SBMPOK M MM6ON B f U-M UUS/M6S IH; MIOSOS7/43 HUL 41M5311/14 I nWIHW fn«IWI1 5™ toCT*«s«ipww6 pn in saws' sss asss I C<HBM,,TI (W,, ,,U) uriiwimm r/ww MNsns
      1,520 words
    • 420 29 gSAOHUM W" iffl CTWIM ~mr~ u*M KM WW nTtm/TOT WW iflio on mum 3HS 111/11 I wit is/11 |hMI6AIHUM I W73 ll 1/10 I?V10 174/1 C lw/10 1 31/101 7/1111PT1IHUM 3BS 111/ IB 121/10 H/Te MMS Moaki Sotfti Hatnu wssa m wHai wc m ao wsi |^^^^|wManpi^Mtt|airpDlisn WESIBMOOI 004E 5/10
      420 words

  • Page 30 Advertisements
    • 1026 30 WAN HAI LINES V" TEL: *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more detail*, call HOTLINE: *****588/1800-22*1200 MORTRANS SNIPPINO AOENCIES AA 29 INT'L BUSINESS PARK #05-05 ACER BUILDING TOWER
      1,026 words
    • 534 30 BSfl n. MYANMA FIVE STAR UNE mymmrn MM Um) Lm4«| for Ym|m Vissa YOT SM PU PW PGU PAGAN 306W SiD NM-M M7W SU M MALAYSIA: MMKTEAD SKIPPING AGt IKIES KIIL 03-*****300 PU: 03-317M101 PBfc 04-2****** BANK LINE (A Mrvk* .f A*4rtw Ww TH»li|) WOKTHBOUND TO BUOPi V CONOUNBt ROW),
      534 words

  • Page 31 Advertisements
    • 1416 31 Ivissn voy khh mco sin pkl dm Kg id** owe HAN fAftffWH KL SOO6 SKIP SKIP 04/10 05/10 12/10 13/10 10/10 21/10 KAN HOOMOZGAN KL 332 07/10 00/10 11/10 12/10 19/10 20/10 27/10 20/10 CAPf FHO KL 3007 SKIP SKIP 17/10 10/10 25/10 20/10 02/11 04/11 UMMMA Pa 334 21/10
      1,416 words
    • 586 31 UK CONTINENT SERVICE Loading for ARCHIMEDES RTM/ATW/BMN/UK/NAN Load» SMjipow. E7W. Matay»a. hutoia— MIDDLE-EAST SERVKE Loadbigtor PANORMOS PRIDE DBI/ABU/DOH/BRN/DMM/KWT REGINA V HDD/JDH/AQA FIVOS DBI/ABU/DOH/BRN/DMM/KWT lOLI HDD/JDH/AQA DORIAN STAR DBI/ABU/DOH/BRN/DMM/KWT MARAKOT NAREE DBI/ABU/DOH/BRN/DMM/KWT •Loads Sngapore, E7W. Matayan. IndoneM USA SERVICE Loadngtor GIORGOS CAM/NFK/SAV/NOL NENAJ VCW/LAX/MZL *Loads EVW Malaysia. Indonesia F.E./S.EJV. SERVKES Spore
      586 words
    • 660 31 yb» sai m m _msa so *t mum !#szs imi w/io rum im__ _bzii_ -WMe* use cms M/ii jmua mi m/iq »?/n miMM !•m 04/]0 os/io 1121 w/u n/n mcmmm mm o*/»» nx-mmtm m 12/10 14/10 ncumi U2U IZZII IZZII MCMWA 10S2M M/ 10 M/ 10 SI HZH wssa vot
      660 words


  • Page 33 Miscellaneous
    • 119 33 J*****JJ552Ji*****2255 /,fr^ I FOR 7 4tM 30 Issued by Meteorological Service Division,NEA LEGEND: 1 Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds Rain One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x Hazy A -One solid
      119 words