The Business Times, 1 October 2003

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Total Pages: 30
1 30 The Business Times
  • 15 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE I Inteir.ot: http://business-times.asial.com.sg WEDNESDAY, OCTOBER 1, 2003
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  • 701 1  -  BT exclusive Wage deflation in many countries is outpacing decline in S'pore: US report By Chuang Peck Ming [SINGAPORE] The economic contest is indeed hotting up in the world. Singapore is not the only one trimming wage costs to stay in competitive shape
    Source: US Bu of L  -  701 words
  • 72 1 Ml 1,690.80 (+2.09) ST INDEX FUTURES 1,630.00 (+9.00) SIMSCI FUTURES 200.50 (+0.70) Tuesday Change KLSECOMP 73:1.45 -2.71 NIKKEI 225 10.52 HANG SENd _1 1.229.87 +8859 SET INDEX 578.98 -195 JAKARTA COMP _597.65 +0.51 MANILA COMP 1.297 42 -1254 TAIPEIWPI 5.611.41 32.09 SEOUL COMP (597.52 +146 SHKNZHEN B 227.48 +0.77
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  • 75 1 FOREX RATES US$ S$ l'S$ (SSperl SS) 1729 S(l'S$/S$per£) 1675 1895 E1R0(1'S$/S$/E). 1.167 1017 YEN |M> 63.90 RM .1800 1198 HK$ 7.74.1 4.479 BAHT 39.96 23. 11 Rl'PIAH 8,197 4.857 RENMINBI 8199 4.801 INDIAN R1 PEE 4576 2647 AS 1.464 0.847 NZS 1.677 0.970 PRIME RATES SINGAPORE* ,5.25 MALAYSIA
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  • 480 1  -  BT exclusive Upmarket retailer may open in S'pore after 6-yr absence By Angela Tan [SINGAPORE] Singapore's moribund retail sector could get a much-needed shot in the arm, with whispers that upmarket Hong Kong retailer Lane Crawford is looking to make a comeback to the
    480 words
  • 85 1 Reuters [LONDON] Coca-Cola unveiled one of the world's biggest and most sophisticated billboards yesterday a 80-metre-wide neon colosgbs which can respond weather and interact wijh people looking at it from the ground. *2 The billboard was switched on in Piccadilly Circus in the heart of London at
    Reuters  -  85 words
  • 876 1  -  By Teh Hooi Ling [SINGAPORE] Listed Singapore companies have shown encouraging resilience despite a very difficult first six months. Just over half—or 53 per cent of the 311 companies whose half-year ended on June 30 have reported improved earnings in
    876 words
  • Page 1 Advertisements
    • 162 1 9— Pages 3-9 ■111 8 'sszisrsooooA Driving Nothing beats the sheer enjoyment of driving a Saab. You enjoy the best of everything: powerful, responsive engines, great I I I IV I I road handling, total comfort and award-winning innovative safety features. With a Saab you have total control and confidence
      162 words
    • 11 1 Page 12 Losing steam, but market's alive and kicking, Pg 3
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  • NEXT page
    • 500 2 LATEST US DATA Worsening jobs crunch sparks unexpectedly sharp dive in Sept confidence AFP Bloomberg [WASHINGTON] US consumer confidence plunged to a six-month low in September, crushed by an intensifying jobs crunch, a closely watched survey showed yesterday. The consumer confidence index, compiled by
      AFP; Bloomberg  -  500 words
    • 531 2  -  Revenues expected to hit $33b this year and $36b next year: IDA survey By Raju Chellam [SINGAPORE] Singapore can expect a modest rebound in the infocomm sector this year and an even better showing next year boosted mainly by an uptick in sales
      Source: IDA  -  531 words
    • 716 2 Tie-up will create Europe's largest airline company Reuters Bloomberg [SINGAPORE] In the biggest consolidation of European airlines, French carrier Air France said yesterday it will acquire its smaller Dutch rival KLM, creating Europe's largest airline company. Air France, now Europe's second-largest' airline,
      Reuters; Bloomberg; AFP  -  716 words
  • Page 2 Advertisements
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  • SINGAPORE companies
    • 821 3  -  HOCK lock siew r sivanithy A COUPLE of weeks ago we highlighted the fact that in a hot stock market, lax practices are allowed to proliferate and standards can slip badly. For example, no one bothers if analysts recommend stocks on TV without proper disclosures,
      821 words
    • 681 3  -  By Ven Sreenivasan THE market is looking somewhat tired and stretched, some brokers have been saying. They probably are right. But does this mean it is time to turn wary? Although market capitalisation and liquidity have soared and many stocks are at their
      Source: Bloomberg  -  681 words
    • COMPANY Briefs
      • 103 5 Bloomberg CHINA Aviation Oil (Singapore) Corp, which supplies a third of China's jet fuel, said its jet fuel purchase for the fourth quarter may rise to a record as more people travel and airlines boost their number of flights. China Aviation may buy
        Bloomberg  -  103 words
      • 174 5 GARMENT firm Heshe Holdings has swung to a hefty loss for its full year ended June. It posted a net loss of $15.4 million for the year against net profit of $756,000 a year ago. Turnover for the period slumped 51 per cent to $29.5
        174 words
      • 68 5 ROBINSON'S CEO Peter Husum received between $1 million and $1.25 million in remuneration in the financial year ended June 2003, according to the latest annual report. Almost three-quarters of the money came from his basic pay, while the rest were variable performance bonus and benefits
        68 words
      • 70 5 Reuters SINGAPORE Telecom yesterday said it would like to raise its shareholdings in its regional mobile investments, taking controlling stakes where possible. Sing Tel owns all of Australia's second-ranked Optus. It owns 19.35 per cent of Thailand's Advanced Info Service, 16 per cent of
        Reuters  -  70 words
      • 75 5 THE Singapore Exchange has, "for the purposes of promoting a fair and orderly market", requested L&M Group Investments to update the status of its restructuring exercise at the end of each month starting from yesterday. The engineering and construction group, however, said there has been
        75 words
    • 884 5  -  Authority says extension of deadline not for review of policy By Wong Wei Kong AS Robinson's controversial plan to sell its retail business and return cash to shareholders remains in the spotlight, attention is also falling on the policy that many perceive to
      884 words
    • 367 5  -  By Serena Ng A HUGE first-half net loss of $17.1 million due mainly to an exceptional item has wiped out the capital of troubled Startech Electronics, leaving it in a position of negative shareholders' equity and negative working capital. Startech, which posted
      367 words
    • 606 6  -  He and 5 other parties will hold 8% stake bought at 80% of IPO offer price By Kenneth Lim LOCAL electronics manufacturing companies are not the only ones catching Koh Boon Hwee's attention these days. The Singapore Airlines chairman, said to have
      606 words
    • 431 6  -  By Tang Weng Fai THE move was to boost share interest in Beyonics Technology. But ironically, the stock dipped in afternoon trading yesterday on news of the contract manufacturer's share consolidation exercise to boost institutional investor interest in the stock. Beyonics
      431 words
    • 1286 7  -  Time for rethink given small numbers of shares offered By Narayana Narayana INITIAL Public Offerings (IPOs) are all the rage today, with punters dashing to ATMs to put in their applications before "closing time" in the hope of making a few bucks should they be favourably
      1,286 words
    • 738 7  -  Public-tranche portion dwindles as IPO market hots up By Joyce Koh SUBSCRIPTION figures for public tranches of initial public offerings may have reached triple-digit figures but they belie the fact that a small percentage of invitation shares actually went to public investors.
      738 words
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    • 204 4 1 Another First in the Power Industry i V OHSAS *****-1999 Senoko Power Limited reaches yet another milestone as the first power generation company Sj&jBBBBj&B&MBj& in Singapore to achieve OHSAS ***** (Occupational Health and Safety Management Systems). As Singapore's foremost power generation company, the OHSAS ***** accreditation I demonstrates our
      204 words

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    • 71 5 vsmf-; ir-si.i > 3? < v p Mercedes-Benz a brand of DaimlerChiysler ■X'f- -v > |M UB 1, ]VBaBHMBHBBB p^^ HOW W6 do. Mercedes-Benz The SLR. The first passenger car to be constructed from carbon. Resulting in a machine that's not only dramatically stronger, but lighter and faster too. The
      71 words

  • Page 6 Advertisements
    • 963 6 miX 2003 The Regional Infocomm Exhibition Conference "X.ipf Where Business Meets Technology Exhibition 1 3 October 2003 Venue Singapore Expo, Hall 3 Time 10am 6pm www.iX2oo3.com S3 i w I Latest Infodßnm Applitatils Solutf As 1 "cltryif v r 1!. jnult i 551 excitin 9 showcase of the latest products,
      963 words
    • 15 6 Reach your shareholders and potential shareholders by publicising your company's financial results in our newspapers.
      15 words
    • 266 6 I Fm nh ceramics value-pack offers pre selected packages for your convenience. HDB Homeowners can now save up to 40% on premium-grade ceramic tiles, cnoose from more than 20 value packs (A) for Living. Dining, Bedrooms. Balcony Store and 20 value packs (B> for Kitchen. 2 Bathrooms Service Balcony. Enjoy
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    • 356 7 Let CAL STATE University bring you the Silicon Valley Advantage. I Tom Conghin President, Wal-Mart Hank Salvo-CFO, Mondavi Georganoe Proctor CFO, the Beditel Group Steve Tung-COO, Tecricfaen Scott Kriens CEO, Juniper Networks V 'What do these successful corporate executives have in common? The CAL STATE Silicon Valley advantage!' I/ t
      356 words

  • SINGAPORE markets
    • Article, Illustration
      497 8 Popular Holdings, 30 46 c«(s THE stock ran up an impressive 3.5 cents, or 8 per cent, to 46 cents yesterday, partly on news of strong Q1 results. Net profit for the quarter rose 30 per cent to $7.6 million due to a lower tax rate. We expect
      Source: Bloomberg  -  497 words
    • 252 8  -  CHART POINT Lim Say Boon for OCBC Investment Research THE STI rally that started in March seemed unstoppable until very recently. In the past four weeks we have seen considerable volatility, with the index swinging repeatedly back and forth between about 1,560 and 1,650
      Source: BRIDGE In Systems  -  252 words
    • 865 8  -  A longer view CURRENCIES larry wee AFTER a nice respite last Monday, the big question on everybody's minds yesterday was still this: Is it headed for new lows again? On the immediate horizon, one big worry is that its next key support of 110
      865 words
    • 638 8  -  BT comment STOCKS r. sivanithy THE recent trend of brokers initiating coverage of small companies doesn't show any sign of flagging. And nor does the recent pattern of setting target prices much higher than the current market. But judging by the lukewarm response posted
      638 words
    • TRADES TO WATCH
      • 99 8 TWO independent directors of Singapore-based food supplier China Food Industries (CFI), which debuted on Sesdaq last Thursday, sold the bulk of their shares on CFI's first day of trading. Wee Phui Gam sold 160,000 of his 200,000 shares at 59 cents a share, while Say
        99 words
      • 130 8 CHAN Chwee Leong, managing director of Leong Hin Holdings, has further reduced his stake in the construction group, selling one million shares at 13.5 cents apiece on Monday. The transaction, which cut his stake from 1.15 per cent to 0.43 per cent came after
        130 words
      • 103 8  -  Compiled by SERENA NG TAIWAN-BASED venture capital firm Hotung Investment Holdings said substantial shareholder NIF Ventures Co Ltd has reduced its deemed stake to 7.4 per cent from 7.95 per cent, following a sale of 6.95 million shares at about 14.7 US cents each yesterday. Its
        103 words
    • Article, Illustration
      399 8 OTHER SINGAPORE INDICES Sep 30 VALUE CLOSE BT OB/OS 52.00 148.00 BT CADI -*****.00 -74.00 BTlO-deyMA -*****.00 +5.00 AH-SG Equities 445.02 +0.74 SG Equities Elect 174.92 +1-73 SG Equities Fin 1401.67 +1.55 SG Equities Prop 404.65 -0.32 MSCI Singapore 200.40 +0.46 SiMSCf Futures 200.50 +0.70 Stocks Volume Japan Asia 5c
      399 words

  • EXECUTIVE money
    • 1192 9  -  Offshore second-hand policies betting on the life expectancy of the original owners are catching on. Genevieve Cua takes a closer look Genevieve Cua ANEW asset class of offshore secondhand life and endowment policies is creeping up on Singapore, and its promise of an absolute return
      AP  -  1,192 words
    • 162 9 THE Monetary Authority of Singapore says it is reviewing the need to regulate the sale of traded life and endowment policies, given market interest. Such investments do not fall under the purview of the Financial Advisers Act or the Insurance Act. Those who distribute them, such as
      162 words
    • 295 9 Some commonly-used terms when investing in secondhand policies Tradod Life PoilcJe*. This isa generic term for life insurance policies sold in the open market. By selling the policy, the insured party stands to realise a sum higher than the quoted surrender value. The investor pays a sum
      295 words
  • Page 9 Advertisements
    • 24 9 I I m Lianhe Zaobao IOCBC I I to launch I I services for 1 I SMEs next year I I I ftfr/haiifcjdiM I
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    • 301 9 Financial Crisis Management If you are facing disruptions to operations arising I SWAT Accounting I from any of these: I Cash flow problems If you are facing any of these: Shareholders directors' disputes I "messy" accounU arising from change of systems staff turnover Sudden departure of Accountant /Finance I to
      301 words
    • 160 9 I What you can't measure, you can't manage. Key I Performance Indicators (KPIs) are powerful tools for I entrepreneurs and managers of SMEs to measure H and manage the performances of their businesses. They will let you uncover those aspects of your H business that are not performing to expectations
      160 words

  • SINGAPORE news
    • 459 10  -  BT exclusive Nu Horizons aims to doable Asia-Pac revenues in next few years By Raju Chellam SINGAPORE'S aim to get more multinationals to locate their Asian logistics operations here received a boost with the opening of a logistics and distribution hub by
      ARTHUR LEE  -  459 words
    • 277 10 SINGAPOREANS will enjoy a temporary cut in their electricity bills from next month by an average of 4.6 per cent thanks to lower oil prices, which form the bulk of electricity generation costs. Power retailer SP Services said tariffs last revised in July will
      277 words
    • 346 11  -  Its plant to assemble DVD recorders will employ 2,000 people By Raju Chellam THE Singapore arm of Japanese giant Panasonic is beefing up its DVD manufacturing and R&D operations with $160 million of new investments over the next three years. Panasonic AVC
      346 words
    • 449 11  -  EYE on the economy debt By Serena Ng THE volume of bad credit card debts written off by banks in Singapore in the first eight months of 2003 rose by nearly half from the same period a year ago, figures released yesterday by the
      Source: MAS  -  449 words
    • 262 11 NET allocation of JTC Corporation's ready-built industrial facilities continued to shrink in the third quarter, albeit at a slightly slower pace, while net allocation of prepared industrial land picked up in the third quarter, registering a positive 1.7 ha, against a minus
      FILE PHOTO  -  262 words
    • 281 11 SOME believe leaders are born, not made. But a new university scheduled to open late next year will set out to debunk what it claims is a myth by focusing on producing future leaders. The private university now registered as Research University on
      281 words
  • Article, Illustration
    1087 10 Transaction date:Sep 30 WTERBAMK CROSS KATES -4 J AS C$ tint faro HK$ ted Is BupWi Yen Won tM 112$ Pak Is Peso S$ gaud Sir IB Mil Pond USS Australia 0.918 5569 0.586 5.290 31.261 57.368 0.755 7.857 2.596 1.146 39.548 37.488 1.181 4.812 0.900 23.063 27.299 0.406
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  • Page 10 Advertisements
    • 352 10 The Master in Public Policy (MPP) is a full time 17-month programme. Its curriculum provides grounding in policy analysis and other professional skills needed in government. master public policy Excellence in Public Policy Education Features International teaching faculty trained in renowned public policy schools multidisciplinary curriculum Southeast Asian and international
      352 words

  • Page 11 Advertisements
    • 124 11 Deutsche Post World Net MAIL EXPRESS LOGISTICS FINANCE LIJ fi j_giiL i 1"" *52Jlkr ik ih i mtiM You can now transport heavy goods swiftly and securely to their final destination using DHL's express service, often for less than what you're paying your existing freight company. And we can prove
      124 words

  • EDITORIAL & opinion
    • 637 12 EDITORIAL THE Dubai annual meetings of the World Bank and IMF were marked by a strong spirit of co-operation among the 184 countries represented. This reflected an apparent desire to repair the spirit of multilateralism which had suffered a serious setback during the World Trade Organization
      637 words
    • 25 12 'Digital photography isn't the wave of the future it's happening now and cannibalising Kodak's main business.' -BkhardStke an analyst, on Eastman Kodak Co.
      25 words
    • 1121 12  -  THE SINGAPORE ECONOMIC ROUNDTABLE Basic policy issues affecting Singapore's competitiveness must be tackled as well Reports by Anna Teo SINGAPORE may have just had a big economic review exercise. But as far as some economists are concerned, fundamental policy issues that impinge on the economy's
      Source: AT Kearney  -  1,121 words
    • 573 12 THERE is scope for the Monetary Authority of Singapore to further ease monetary policy, and boost spending to help the poor and the unemployed, says a Bank of America economist. While Singapore's monetary policy is "broadly appropriate", there remains a "closing window of opportunity"
      573 words
    • Article, Illustration
      422 12 'Cost is just one part of the question. The most important thing is returns. If you are delivering high returns, people won't even ask about your cost. They 'tl just pay up because they are earning enough profits to justify it. And why is it we are
      422 words
    • 819 12 APART from occasional papers by government economists at the Ministry of Trade and Industry and the Monetary Authority of Singapore, and reports from broking firms, there is little, if any, study on local policy issues outside of the government sector. "There is
      819 words

  • Page 13 Advertisements
    • 631 13 The Strategic Equity Fund Global Titans (USD) and the Strategic Equity Fund Global Titans ISGDI are 3-year equity funds wMch offer 2 sources of return: 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 and
      631 words

  • BT motoring
    • 441 14  -  Analysts say their fleet size unlikely to be big enough to impact established players. SAMUEL EE reports SAMUEL EE THE impact on Comfort Del earnings with two new taxi operators entering the fray is likely to be insignificant, say analysts. The Land Transport Authority
      FILE PHOTO  -  441 words
    • 582 14  -  GM has dropped Daewoo in favour of Chevrolet in some parts of Asia-Pac Reports by Samuel Ee CHEVROLET is replacing the Daewoo name in some parts of the region because it wants to offer a wider range of products that will grow with its
      CHRIS LOH  -  582 words
    • 347 14 2003 is shaping up to be a record year in Asia-Pacific for both General Motors and the automobile industry, said Terence Johnsson. GM's general director of vehicle sales. He estimates that the region will chalk up total sales of 15.5 million cars and trucks this
      347 words
  • 1624 14 SICOM FUTURES Sep3i RUBBER Futures (Closing prices) RSS 1 (S cernsAq) Close Volume Open Month High Low Sett (tonnes) Interest Oct 03 199.50 Mov 03 200.75 Dec 03 201.00 Jan/Mar 04 203.00 RSS 3 (US cwrtsAij) Volume Open Month High Low Sett (tonnes) Interest Oct 03 ivT25 iwls 350
    1,624 words

  • REGIONAL news
    • 381 15 KUALA LUMPUR He'll pay RM80m for airport in move towards building a logistics hub Reuters MALAYSIA Airports Holdings Bhd (MAHB) said yesterday it will sell its Senai Airport to a company linked to tycoon Syed Mokhtar AlBukhary for RMBO million (5536.4 million). MAHB said
      Reuters  -  381 words
    • 336 15  -  From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S export sales likely improved in August after July's larger-than-ex-pected year-on-year decline, economists said yesterday. OfTicial data will be released today. "We expect August exports to have improved, in line with better global electronics demand," said
      336 words
    • NOTE Book
      • 81 15 AP [HONOLULU] Thousands of Filipinos who successfully sued the estate of late Philippine dictator Ferdinand Marcos will have their day in court as they attempt to recover the now-US$3.l billion judgment awarded to them eight years ago. A federal judge on Monday set a
        AP  -  81 words
      • 65 15 Bloomberg [BEIJING] China's central bank said it is setting up risk management and market surveillance, ahead of the opening of the nation's financial services industry to overseas competition in 2006. The People's Bank of China said that four new departments will be created to collect
        Bloomberg  -  65 words
      • 59 15 Bloomberg [HONG KONG] Hong Kong's budget deficit widened to HK$6O.2 billion (5513.4 billion) in the five months ended August, the government said. Revenue was HKJ4O.3 billion and expenditure amounted to HK$ 100.5 billion. Fiscal reserves were HK5255.2 billion as of Aug 31. For August
        Bloomberg  -  59 words
      • 112 15 Reuters [HONG KONG] The Hong Kong government will study tycoon Li Ka-shing's proposal for a tax-free industrial zone on a piece of land at the border with the Chinese city of Shenzhen, local newspapers reported yesterday. Mr Li raised the idea of an industrial
        Reuters  -  112 words
    • 135 15 KUALA LUMPUR AP THE staggered release of Malaysian shares frozen during the Asian economic crisis on Singapore's over-the-counter market has been completed, the Kuala Lumpur Stock Exchange (KLSE) said yesterday. Malaysia's imposition of emergency capital controls in September 1998 to stem the economic slide
      AP  -  135 words
    • 409 15 BANGKOK Bangkok said to be not ready for commitments sought by US WHILE Washington is expected to use the US-Singapore Free Trade Area (FTA) agreement as the basis for a similar pact with Thailand, investment provisions in it need careful study as the
      409 words
    • 522 17  -  Change seen as confirmation that Jakarta is on right economic track From Shoeb Kagda in Jakarta INDONESIA received more confirmation yesterday that it is on the right economic course when Moody's Investor Service raised the country's sovereign ratings from B3 to 82. The credit rating agency
      REUTERS  -  522 words
    • 229 17  -  From Al Labita in Manila PHILIPPINE shares look set for more losses after US credit rating firm Moody's downgraded the country's foreign currency borrowing outlook because of heightened political uncertainties. For the third day in a row, equities succumbed to selling
      229 words
  • Page 15 Advertisements
    • 93 15 reformatted. RPSr u- M our systems CrimsonLogic has implemented your business growth. We are particularly pleased that this reflects our dedication to boost your business efficiency and cost \m With the support of CA we have adopted storage monitoring and tools We can now better *sources continuity. More importantly further
      93 words

  • 5154 16 Transaction date: Sep 30 HONGKONG Vol HK Exchanges ft Clearing 1650 020 4166 IMS *1- 000 HKRInt'l 260 0 05 2088 H K and (Mm Gas 1040 0 05 9339 Aeon Credit 4 45 0 30 385 Hong Kong Electric29 85 0 05 3546 Aeon Stores 3.25 0
    5,154 words
  • 2344 16 Transaction date:Sep 30 KUALA LUMPUR m a/, cooo) George Kent 0.72 -0.02 303 Globetronics Tech 5.45 -005 127 A AMRealty 131 0.23 6182 GtorwtBhd .2.22 001 374 Abnc 094 -0.02 306 Gold Bridge Engrg 040 0 02 142 ACP Industries 3.20 0 08 259 G°{den Rortwr 0.84 -002 10
    2,344 words
  • 693 16 Transaction date:Sev3o X— ■> aw amm tm+mm* Hi a^i Own B 040 1U0 <4010 MSMtt 04* 2*0 «00W cic A*) sjoo «oo» ooc ri n;«. «too CjprtaC»*J ll» 1400 flC'O OUE U« ISM -0100 OwltmbnlXc 14 1400 CL47 JJ7S OOOS Gl)Dn» IB S100 .00» «<»dM«.Vk (1J4 ono -fl«M CcnfcattMcroJ5«
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  • 625 16 BONDS WARRANTS Praia Entry Tc4 lat Vol Com bur Disc Gaar- mi to* CiWHf M« *ar- fW> M» lai U» 3698 ASTIW*****1 M -15 14S 1 16 176 9 3697 Acma Ltd W*****6 IS 1 SO 368 733 14 3602 AmtekW*****0 115 unch 42 1 33 '29 21 3603 Armstrong
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    • 146 17 Premium Platters CAPTAIN S TABLE Braised Buddha Jump Over the Wall At 35% off menu price. Poached Drunken 'Live' Prawns also at 35% off menu price only $3.60++ per IOOg. Dine-in only 71, i 1J J X J Presented Diners Club Credit Card 6416 0980 Where to wine 9 dine
      146 words
    • 137 17 rang mahal haute indian cuisine Buffet Lunch Noon to 2.30pm (Closed for lunch on Saturdays) Dinner 6.30pm to 10.30pm Make your reservations with us at: T.I (65) 6333-1788 CiQ.SS^^ Fax: (65)6333-1660 ZZ«,ms RANG MAHAL Lev* 3 The Par Pacific Snppore 7 Raffles Boulevard Manrvi Squire Singapore *****5 /Special Lunch Menu
      137 words
    • 1799 17 Notices m FUTURISTIC FUTURISTIC IMAGE BUILDER LTD (Incorporated in the Republic of Singapore with limited liability) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Futuristic Image Builder Ltd (the "Company") will be held at 34 Woodlands Industrial Park El. Singapore *****7 on 15 October 2003
      1,799 words
    • 190 17 NOTICE TO CREDITORS AND CONTRIBUTORS OF INTENTION TO APPLY FOR RELEASE WAN TECH (2000) BUILDERS PTE LTD COMPANIES WINDING UP NO. *****4 Of 2001 Toke notice that I, the undersigned liquidator of the abovenamed company intend to apply to Court for my release. dissolution of the Compony under Section 275
      190 words

  • WORLD news
    • 575 18 NEW YORK He also backs some role for regulated firms on NYSE board LAT-WP NYT IN his first day on the job at the New York Stock Exchange, interim chairman John Reed said he views the exchange's regulatory role as one of its key functions
      LAT-WP; NYT; AFP  -  575 words
    • 250 18 WASHINGTON NYT Bloomberg THE Securities and Exchange Commission staff on Monday recommended tighter regulation of the growing hedge fund industry, including registration of the funds and greater disclosure of the way they operate. This is the first step in chairman William Donaldson's effort
      NYT; Bloomberg  -  250 words
    • 458 19 BRUSSELS But Budget deficits in US, Europe and a strong euro pose risks: Q3 report AP Bloomberg THE European Union expressed optimism yesterday about the durozone's longawaited economic recovery but warned that risks remain significant. "Recent data have begun to send out encouraging
      AP; Bloomberg  -  458 words
    • 278 19 NEW YORK NYT Bloomberg IN a surprise announcement, Sun Microsystems said on Monday that it would post a wider-than-ex-pected loss for its first fiscal quarter and that it would restate its results for the previous quarter to reflect a US$l.O5 billion writedown.
      NYT; Bloomberg  -  278 words
    • 393 19 LONDON Reuters Bloomberg ENGLISH football champions Manchester United Pic yesterday sought to play down persistent takeover speculation surrounding the club as success on and off the pitch boosted annual profits by 22 per cent. "No shareholder has approached us about takeover talks or even about
      Reuters; Bloomberg; REUTERS  -  393 words
    • 353 19 NEW YORK Markets help institutions like Harvard, Princeton and Yale post strong returns in 2003 NYT BETTER financial markets helped push endowments at Harvard, Princeton, Yale and some other colleges to record levels this year, according to preliminary fiscal 2003 year-end financial results that many
      NYT  -  353 words
    • 188 19 HONG KONG Reuters HONG KONG unveiled a new money-for-residency programme yesterday to woo rich foreign investors, saying it would bring in badly-needed cash to help revitalise its struggling economy. Under the scheme, foreigners must invest at least HK$6.5 million (551.45 million) in real estate
      Reuters  -  188 words
  • 7113 18 Transaction date: Sep 30 for live prices, log on to www.asiaonemarkets.com 52 Wk T«l Lett Vol Day Lat Quote GrtXv On GrVW Not MCip M>gh Low Code Cawpmy Sale W- fOOO) High Low fciyo So»«r Cw P<t Sw* 695 51 5834 A Sonic 59 -2.5 9021 62 59
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  • 75 18 H* M Last Vat Day LastOuot* GrOtv Dry GrVM Itat mck Lam Co4t Company Sate W- 000 High too Satar CVr n 9600 89 6065 Diamonds US2060 2120 3750 3740 6095 15 DJ US Tech US3740 6097 IS MSG Spore US555 4270 4200 6101 ISS&P500 US8270 9650 UK
    75 words
  • 2068 18 J* On iMtOuot. GrOn Orv GrVW Net MOa H>» l»» C—« CWW Sate roow HN» lo» Sdhr Cw Wi $3 74 75 5000 20 -0.5 134 20 20 19 5 20 38 6 «1 125 2101 APOrfSc 31 -05 ail 39 38 38 38 5 21 N26 28
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  • 361 18 tt-to T«t LMt Vol Day Last Ouot* GrtXv On GrVW MM MCao lam Coil C«w»am Sate fWO) W0I Law 8nyr Safcr Cm HI t3 161 81.5 6000 AVJennings A25t A159 unch «4 1S9 158 158 160 40 88 63 6 3422 6001 Cathay Pac 20c HK720 265 2.1
    361 words

  • Page 19 Advertisements
    • 1800 19 ellipsiz >orm> a r d solutions ELLIPSIZ LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Bth8 th Annual General Meeting of Ellipsiz Ltd ("Company") will be held at 29 Woodlands Industrial Park El, Lobby 1, #04-01/06 North Tech, Singapore *****6
      1,800 words

  • WOMAN power
    • 565 20 Fortune's list of top 50 women this year has ten new faces Bloomberg [NEW YORKJ Carly Fiorina, HewlettPackard chief executive officer, is the most powerful woman in business for the sixth consecutive year, according to Fortune Magazine's annual ranking of the
      Bloomberg  -  565 words
    • 564 20 But their annual salary is much less mainly because of part-time work AP [NEW YORK] Women are more likely than men to work as managers in whitecollar professions, a new study says, a significant change since similar research was done in the
      AP  -  564 words
  • Page 20 Advertisements
    • 109 20 SYNCHRONISED COMMERCE {Ml It can t be simpler j UPS Exchange Collect takes the risk out aaMBBBBS of doing business with unproven < ustomers, 5uffir ..■gggW especially if they re at the other side of the pgSggBffiS|l§MiM r\ SflH world Your goods aren't delivered until your BmM5P8iF J BaBSE Jj
      109 words
  • Page 20 Miscellaneous
    • 330 20 CRYPTIC CROSSWORD 6 Returned afterwards (about ACROSS one) for the sale (6) 1 Save a saikx at sea (4,4) 7 Read aloud by everyone inur "P us s? used *^*i n f*j est volved in insurance (4,4) 8 South American writers notedfor excitement (8) m <iiinnnrtprc rnLlrcp on Likely to
      330 words

  • SHIPPING TIMES
    • 266 21 Reuters THE Baltic Dry Index rose 74 points to 2870, the Baltic Capesize Index rose 82 points to 4199, the Baltic Panamax Index rose 126 points to 2741 and the Baltic Handymax Index rose 120 points to *****. TIME-CHARTER: Rubin Grace (built 1995) *****9 dwt delivery Redcar spot
      Reuters  -  266 words
    • 288 21 SGX '000 Sep 30 SS Vol CHOHshore .038 unch 5716 Chuan Hup-.. OJO 0.01 3299 Cosco Investment 0.53 0.01 ***** CWT Distribution 0.56 -0.02 242 EzraHldgs 1.03 -0.01 1000 Freight Unks 0.08 unch 529 GB Holdings .0.70 -0.02 18 Jay* HoW.ngs 0 65 -0.01 3169 Kl Venture- —.0.24
      288 words
    • 647 21  -  Council will maintain regular dialogue with its diverse membership By Donald Urquhart [SINGAPORE] A stronger voice for the shipping community through greater dialogue and engagement is a key aim of the newly elected council of the Singapore Shipping Association (SSA), according to
      ARTHUR LEE  -  647 words
    • 343 21  -  Strong demand saw extended Aussie stays for Leo and Virgo previously By Beth Jinks [SINGAPORE] Star Cruises will redeploy its liner SuperStar Leo to Australian waters from its Hong Kong home port for a southern summer cruise season between January and March
      343 words
    • 139 21 [SINGAPORE] Created out of a merger of five shipping associations, today's Singapore Shipping Association (SSA) evolved out of the former Singapore National Shipping Association (SNSA). The SNSA was inaugurated in 1985 following the merger and in 1997 it restructured itself to add a more
      139 words
    • 192 21 Bloomberg [LUXEMBOURG] P&O Nedlloyd, Atlantic Container Line and other shipping companies had a 273 mil-lion-euro (*****.8 million) European Union price-fix-ing fine cancelled by the region's second-highest court. The European Commission imposed the fine in 1998 on members of the Transatlantic Conference Agreement, which also
      Bloomberg  -  192 words
    • 409 21  -  Security blanket thrown over entire enquiry By Beth Jinks [SINGAPORE] The masters and crew of two vessels involved in a Chittagong collision that damaged a number of Bangladesh Navy vessels and caused the temporary closure of the port last week are
      409 words
    • 563 21 Animals repurchased from their Saudi owner for A$4.5m AFP [SYDNEY] Australia said yesterday it is preparing to bring home and slaughter more than 50,000 sheep stranded on the so-called "ship of death" if no country emerges to accept them in the
      AFP; AP  -  563 words
    • 879 22  -  STRAIT TALK By David Hughes OVER the past few months the single-hull tanker phase-out debate has been the main focus of debate at the International Maritime Organization. In particular the way the European Union (EU), in the form of the European
      FILE PHOTO  -  879 words
    • 192 22 PAGE Avant 6 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 Chahaya 6 China Shpg 5 Confer 6 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines 4 Far Shpg 5 Foong
      192 words
    • 13065 27 THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vmd Voyaga Talaphona ETA ETA Advartisar V«W Voyaga Talaphona SIN Dwfn Nam# Nam* Numbar Number SIN Dast'n Nan* Nam* Numbar Numbar 23/10 B/n HamburgSud CAP FRIO 304* 65-*****133 To ABIDJAN (ABJ) 2003 Cot* D'lvoira 23/B B/n NYK CAP FRIO 304S 65-*****123 11/10 04/Tt
      13,065 words
    • SHIPS IN PORT
      • 633 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL DELMAS KERGU 338E J17/18 A/SIDE 01/09 1000 E LINK 3 EL3001 J4 A/SIDE 01/09 1800 SHANFURYU 16A/03 J3 A/SIDE 01/09 0700 SING LH 11 JB901 J6 A/SIDE 01/09 1700 UNION STAR38 14/03J J10 A/SIDE 01/09 0630 ARDMORE LB 197
        633 words
      • 1883 29 CONTAINERS TERMINAL AND VESSEL SCHEDULES I Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ABU DHABI C254E C254E 1 *****003-0800 0400Q003-19:00 AO LILAC 057N 057N 1 04/1QQ003-15.00 *****003-0300 ALEN YA1011 YAL011 1 03/10/2003-0700 040 (>2003-07 00 AMBER J 066 0S8 1 01/*****3-1101 *****003-07
        1,883 words
      • 140 29 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
        140 words
      • 808 29 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        808 words
      • 532 29 Cartas Sep 25 Density Water Untax AthAMiwtwkiw Sedlwent M/H (DM u/ri in m/m n/tt m ggg ISO/Cimac Limits Spec E25 991 10 15.0 0.10 80 0.10 Spet 635 991 tO 18.0 0.15 BO 0.10 Northern Europe 180 Aye 981.9 0.1 1U 0.04 17 0.02 180 Max
        532 words
    • AIR & LAND transport
      • 110 30 Bloomberg [KUALA LUMPUR] Cathay Pacific Airways will add a daily flight to Malaysia's Kuala Lumpur International Airport from Hong Kong starting today, Malaysia Airports Holdings said in a statement. With the additional flight, the Hong Kong-based airline will have a total of three daily flights to
        Bloomberg  -  110 words
      • 457 30 Japan carriers hard hit by Sars virus, war in Iraq Bloomberg [TOKYO] Japan Airlines System Corp and All Nippon Airways have received 85 billion yen (551.32 billion) of loans from the Development Bank of Japan, a state-owned lender, to help them recover from
        Bloomberg  -  457 words
      • 197 30 AP [ANCHORAGE, Alaska] The captain of a China Airlines passenger jet was barred from an Anchorage-to-New York flight after a breath test showed his blood-alcohol level was twice the limit for pilots, officials said. An airport screener smelled alcohol and found
        AP  -  197 words
      • 188 30 It will run passenger, cargo flights with 3 private firms AP [YANGON, Myanmar] State-owned Myanmar Airways has set up a joint venture to run passenger and cargo flights with three private companies, a news report said. The private partners in the Air Myanmar venture are
        AP  -  188 words
      • 247 30 AFP [HANOI] Vietnam Airlines will begin direct flights between Ho Chi Minh City and Busan, South Korea, on Oct 23 to meet increasing demand as business between the two countries grows, the company said. The national flag carrier will rim a twice-weekly
        AFP  -  247 words
      • 370 30 It will ensure main oil suppliers are prepared for the worst: minister Reuters [CANBERRA] The Australian government will join forces with the oil and airline industries to investigate contingency supply plans for Sydney airport after a shortage of jet fuel disrupted international
        Reuters; AFP  -  370 words
      • 169 30 AP [BANGKOK] Thailand will deploy 1,300 troops this week to guard its international airport before a summit of AsiaPacific leaders, officials said yesterday. Vehicles at Bangkok International Airport will be searched and private planes banned to tighten security for the Asia-Pacific Economic
        AP  -  169 words
      • 152 30 AFP [CAIRO] Thirty-three international companies are bidding for a US$35O-million contract to build a new terminal at Cairo International Airport, the president of the Egypt airports holding company said. "The World Bank will cover 70 per cent of the project's cost, which amounts
        AFP  -  152 words
      • 1795 30 on man ni nan rm —wv> mm ma LM9771 1835 MM S0403 0725 0349 0030 SUM 1835 CM04 1405 E*405 0210 8*7381 «W E*4*> 1935 CMH 0310 arm ira mn nn kmstwtoa 5023 0605 *L838 2255 MM M 0*975 0855 Frantfart IH9762 0635 W9765 1230 <"•>
        1,795 words
  • Page 21 Advertisements

  • Page 22 Advertisements
    • 819 22 I TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I VBSa |vor KG |ftA iHjIIOWGKACH|PAHASIMOUSTOW||ORCAGO| NEW YORK ll TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) ftONBXIOVT)HOUTMAM 17E40 311/09 01/10 17/10 21/10 24/10 22/10 22/10 25/10 jVBSO VOY ETAS KG ——ST~| —55~| —STB Mfi AH PIONEDUOYDKOOE 34€41 07/10 OR/10 24/10 21/10 31/10
      819 words
    • 496 22 lines services represented by r. .srvr:. Sir>oaDore i—ufc. fJSV? Accredited Shipping Agents, S.ngopore logics X°ii.y Singapore Shaping Association ULY UNi MALI f rtssa voy eta eta eta P. KUWG SfOti HALE Empress Lily 0503 03/10 05/10 14/10 Mold Carrier 742 A 13/10 ~15/10 24/10 Princess Uly 1003 23/10 25/10 03/11
      496 words

  • Page 23 Advertisements
    • 1334 23 TO EUROPE FROM EUROPE vcsa IVOTSM «T RTM AMR HAM ORV SOU liH ifttSg I VOT KM MM HAM MtV SOU Ift Aft INMA HOWO2/10 00/10 34/1020/10 AfIPEML \W 12/09 13/WlO/W 01/10 MOL MTKaCITT 014W 03/10 19/10 21/10 24/10 25/10 MtIMMMMB J*****/09 15/09 14£9 H/W 04/00 HTUMMID6OCMRY 317W M/ 10
      1,334 words
    • 1876 23 COKTAIMIttSID SBRVKIIO SI PCTBtSIURGr lAIMMGIAO t MOSCOW ft lAUHML UTHIAMU gSj'fffJggL. M 4440 MM M tlfrW SAIfS/MGS TIL: M26SBS7/41 HUL 411M111/14 I MCA lATUIA COSTAR SHIPPING PTE LTD mmapobi obobw outwabow/d mnsni uusns//s I RtGA, LATVIA TBj 4116 INO (MAM) DMitlD 01 ***** 704 *****118/W I Till IN FCmmA T/W»W
      1,876 words
    • 464 23 rasa _wr_ sm it «g ehh k trw ws rasa wr si jkt sui m usw ws Hrmog m yio 11/11 li/iiiiy/n w/ioh/ii2z/io iwcsmwotf Bias s/io i/io f/io is/io wo 19/10 tyio HTMMCMU yUPWOSTOK UIS S/1C 11/lfl 23/10 ?4/H 27/10 W/1C »/10 KMKJAKAITA 314S 12/10 15/10 14/10 g/10 25/10 24/10
      464 words

  • Page 24 Advertisements
    • 884 24 en CI mi A G CNOUIRIES/BOOKINOS: *****344 PAX: ******33 I-MAJL: Mlw*MnM.com.ig c k IYIMO DOCUMKNTATIONS/OMMATIONS: *****637 FAX: *****177 mummnitmuanat omcss awrjum satvw to south/wist arka vrssa vot mn iiuwlow uiawm rowm wowi watah uwtyiuTAiiojAM n*A io«u twcaHotowoj AfAMDOUAU om Toflo Stm OOfW 07/10 17/10 12/11 31/10 10/11 04/1) Ot/11 Pd-sCWc*
      884 words
    • 1320 24 WAN HAI WTWNADONAL Pfl LTD a Nft lUtsnooooT V?rA 1.,... mi TEL: *****511 (14LfffS) FAX:*****163 VEAWAN HAI LINES V" nSiWIBIHBItt WIMII JTC4n WtNll)m7l4/ CTI JOS «<•>« waihai cm ti «t) QMMOtt«B3I) HS47OOU*. 714*0/*****1 NUL 71*171 www.ww.w»i| mm «igMm»uni»tß/«Knw Imiaii HHH m/io M/io anno mo ivio UMMI73S U ft« 11/K 03/10
      1,320 words
    • 625 24 BSfl it. MYANMA BB FIVE star une (MyoMNK NoKmol Um) L»«iia| for Y»|>i VBsa vot sin pu po pgu PAGAN 306W SU> HPA-AN Mm SUI IN MALAYSIA: IOUSHAO SHIPPING AGtNCKS Kill: 03-*****)04 PIL OS-SI 74*101 KM: 04-2*1240} BANK LINE (A Mfvk* of Amlt«w W»ir Shlpplef) I NOKTHiOUNP TO IUKOPi V
      625 words

  • Page 25 Advertisements
    • 1323 25 |VISS«t VOY KHH HKO I SIN PKL DX> »AI I DM* UK IRAN Umß fa 1006 SKIP SKIP 06/10 05/10 12/10 13/10 19/10 11/10 IRAN HORMOZOAN PCI 332 07/10 OR/10 11/10 12/10 19/10 20/10 27/10 29/10 CAPI FRIO Pa iOO7 SKIP SKIP 17/10 16/10 25/10 26/10 02/11 04/11 UNOAVU Pa
      1,323 words
    • 624 25 i k UK CONTINENT SERVICE Loachng for ARCHIMEDES RTM/ATW/BMN/UK/NAN Loads Singapore. EVW. Malayan, Inoooesia MIDDLE-EAST SERVICE Loading (or PANORMOS PRIDE DBI/ABU/DOH/BRN/DMM/KWT REGINA V HDD/JDH/AQA FIVOS DBI/ABU/DOH/BRN/DM M/KWT lOLI HDD/JDH/AQA DORIAN STAR DBI/ABU/DOH/BRN/DM M/KWT MARAKOT NAREE DBI/ABU/DOH/BRN/DM M/KWT *Load« Singapore, EVW. Malaysia. Indonawa USA SERVICE Loading tor GIORGOS CAM/NFK/SAV/NOL NENA J
      624 words
    • 1004 25 vtssa m 3 cfil ma m «r ami 104W 02/10 M/ 19 hJM 222] uzu TAC4AM>A ISJ3B 84/lfi 2SZIS JlLillll lfiU 525 LUU ncum 10 SOW 06/10 SSI -tILMIII 1222 11/11 M/li HKIAHOA 10S1W ***** 07/10 H/10 I|/1> jmjmm lim 91/18 w/io HiMMffrnvnrTTrvTH^^ paciamda 1053K M/io 10/n HEHB !fiHa— n/'Q
      1,004 words

  • Page 26 Advertisements
    • 556 26 t&gaflaH HBi^S MwJß||Hi9 IKS SKY lIIN 044)5/10 1012/10 lIH/10 I masu I TIN 07-01/10 14-1«/10 21 77/10 I wawott 173* 1117/10 1716/10 75-74/10 I IKB SHAM 174* 1415/10 71-73/10 71-71/10 I reasn^^iMj^iwvi^^wjj/ii^^ouviJ -mi 634 oTotTTo oTWio 17 11/10 I noismw 4*5 05-05/10 10-12/10 7171/10 I on Hi 04-07/10 IJ-IVIO 73-74/10
      556 words
    • 991 26 FREIGHT LINKS EXPRESS PTE*LTI>> 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@sinqnet.com.sq rf g LCL SERVICE TO JAPAN/INDONESIA/PHILIPPINES J OSAKA KOBE -JAKARTA n A YOKOHAMA NAGOYA SURABAYA -MANILA tokyo Booking 6267# 5565/4694/55 3 5/5 580/5541/5508/5569/5560/5563/5514 PROJECT fir HEAVY LI FT CARGO (CONVENTIONAL RORO) >: Lawrence
      991 words
    • 969 26 rb IPDZ LINES w customsarvtt m.ml Vavwa SNKuratb tone joo swpmg pte ltd e>a >■ n umiak co«tainekisi» scrvkes to Malaysia, bmmh, mtamui am vktmmi I- r,r rttMl »»r w>w aw ww wr rat imm m Sj —m—si iiu «/n n/u emoK nil w/u m/h iggg mi w/u w/n Imam
      969 words
    • 208 26 m iM§WM BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI Ivissa I VOT*g IttSWGAfOH n>UMCH t OIIWW IS/10/03 75/10/D3 wipt SEA-PAC MANAGEMENT PTE. LTD. 70 Anaon Rood #17-07/08 Apu Twmt, Shfipw *****5 TaUphon*: 6270 0977 VH FouMfe: 6275 2309 M T«toic K$ ***** SIAPAC DUCT MH »U»»0, PJ»JL
      208 words



  • Page 29 Miscellaneous
    • 116 29 FOR 7AM 1 Oct 2003 *^0-— Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols "y 1 Showers Full circle w/o line indicates calm or light and variable winds Rain L *One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x Hazy A -One
      116 words