The Business Times, 7 October 2003

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Total Pages: 28
1 28 The Business Times
  • 22 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES S I N G A P O RXTIfi- Internet: http://business-times.asial .com.sg TUESDAY, OCTOBER 7, 200?
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  • 570 1  -  Property counters, SPH lead surge as investors zoom in on laggard bine chips By R Sivanithy [SINGAPORE] The local market's reputation as a perennial under-performer stood it in good stead yesterday as foreign funds plunged into laggard blue chips and sent the Straits
    Source: Bloomberg  -  570 words
  • 72 1 «n 1,717.89 (+47.59) ST INDEX FUTURES 1,724.00 (+39.00) SIMSCI FUTURES 213.70 (+6.10) Monday Change KLSECOMP ***** +±53 NIKKEI 225 „_.I0.740.14 +30.85 HAN(i SENG 11.734.48 +125.76 SET INDEX 544.36 13.98 JAKARTA COMP .615.87 -5.99 MANILA COMP 1.***** +0.73 TAIPEI WP1 5,***** 103.41 SEOULCOMP 723.13 +7.89 SHENZHEN B 227.48 +0.77 Al'ST
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  • 78 1 FOREX RATES US$ S* I'SS |SS per ISS| 1729 SUSS-SS per V) 1.663 2.875 K1KOH SS/SS/K) 1.159 ±003 YEN 110.0 64.20 RM 3.800 2.198 HKS 7.716 4.464 BAHT 39.61 22.91 RIPIAH 8.3H4 4.850 RENMINBI 8.299 4.800 INDIAN RI'PEE 4542 26.27 AS 1.471 KM NZS 1.682 0.973 PRIME RATES SINGAPORE*
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  • 567 1  -  BT exclusive Volume of credit card debts written off has surged in tandem By Daniel Buenas [SINGAPORE] The typical bankrupt in Singapore is 31 to 50 years old, male, owes his creditors less than $500,000, and is driven to bankruptcy by cred- it
    567 words
  • 720 1  -  EYE on the economy gdp Economists now forecasting strong Q3 growth of nearly 17% from Q2 By AnnaTeo (SINGAPORE] The economy rebounded sharply in the third quarter after its biggest contraction to date, and according to Prime Minister Goh Chok Tong,
    720 words
  • Page 1 Advertisements
    • 62 1 CMHI I PAD BROKERS'TAKE WlVllHkLLi %On.M S pore Tech tiujinouriiiii A NEW WEEKLY PAGE AgvaCorp.Magnocomp.Portek PAGE 8 Angela Tan: In search of the next big thing in small cap stocks Teh Hooi Ling: Thinking small to win big TRADES TO WATCH Aegis. Links Island, Kingsmen PAGE 9 Armstrong Industrial Will
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    • 11 1 BT Comment: Laggard play pushes ST Index past 1,700, Pg 8
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    • 78 1 PROPERTY CPF CUT AND YOUR DREAM HOME n run n i 'uuiiUk^^Bf -*k. Breguet. La passion laisse des traces. /y*\ Wristwatch "Grande Complication" in 18-carat yellow gold Hand-wound mechanical movement ->v®7/lf/J/>y//l//") Hour and minute dial oft-centred B-shaped small seconds hand on the Tourbillon shaft V Xl?yvC4/f-in. Silvered gold dial, hand-engraved
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    • 12 1 PM Goh pushes for faster set up of common market, Pg 2
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  • NEXT page
    • 735 2  -  Weak US dollar could even test S$1.70 by year's end, they add By Larry Wee [SINGAPORE] The Monetary Authority of Singapore is expected to maintain the status quo for the Singapore dollar in its semi-annual monetary policy review this Friday > analysts
      Source: JP Morgan Model  -  735 words
    • ON THE grapevine
      • 111 2 SEEMS business people are now more willing to class, according to an American Express business survey. Some 60 per cent of executives polled said they plan to travel economy next year, with only 36 per cent insisting on business class. The survey also found the French
        111 words
      • 102 2 THE Amex survey also explained why companies encourage staff to book their tickets online it seems there's such a thing as "visual guilt". The poll found that when booking online, more than 76 per cent of executives tend to go for the lowest fare over the most convenient
        102 words
      • 70 2 THE French preference for class seems to extend to the beach. At the private beach of Cannes' Martinez Hotel famous for film stars, playboys and royalty sunbathing is divided into five classes. The rows of lounge chairs arranged on the beach will set you back
        70 words
    • 730 2  -  ASEAN SUMMIT Lack of integration driving away global business, he says By Shoeb Kagda in Bali PRIME Minister Goh Chok Tong yesterday underscored the urgency for the Association of South-east* Asian Nationsi(Asean) to move faster towards the creation of a
      AFP  -  730 words
  • Page 2 Advertisements
    • 384 2 I I u 1 1 y- 3*l **T c'►«.*•->' EDS Insurance Contracts Accounting Date What 3-4 November 2003 The International Accounting Standards Board (IASB) issued an Day 1: exposure draft, EDS Insurance contracts, on 31 July 2003 for 9 00am to 5.00pm public comment. Day 2: The provisions of EDS
      384 words
    • 64 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 Heaiy or Simonne Toh T: +65 6535 3382 F: +65
      64 words
    • 8 2 Plan for Asean Economic Community welcomed Pg 16
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  • Page 3 Advertisements

  • SINGAPORE companies
    • 608 4  -  HOCK lock siew Joyce koh A RECENT move by Singa-pore-listed Addvalue Technologies to unlock its intellectual property (IP) value should be good news to long-suffering shareholders. It could even signal a turnaround in the company's stagnant fortunes. Listed on the main board in
      608 words
    • 666 4  -  Exposure to HE through D&o Heng could see DBS outperform UOB, OCBC: analysts By Siow Li Sen DBS Group Holdmgs surged yesterday, ridmg on the promise of Hong Kong where sentiment has improved dramatically with property stocks doubling, and even tripling in
      Source: Bloomberg  -  666 words
    • 572 6  -  But investors remain baffled by stock's recent price movements By Daniel Buenas THINGS are brewing once again at former market darling Goldtron. Two days after its surprise announcement that its major subsidiary may lose its main customer, Goldtron's founder and former executive chairman
      Source: Bloomberg; FILE PHOTO  -  572 words
    • 210 6  -  Acquiree now injudicial management By Tang Weng Fai SESDAQ-LISTED audio-vi-sual production company Mediastream Ltd is suing over a failed acquisition in which the acquiree could have ended up with 29.1 per cent of Mediastream. In an effort at making a quick return to profitability last
      210 words
    • 398 6  -  TSM to issue new shares at 25c apiece in reverse takeover deal By Serena Ng YET another China-based company, this time a milk products maker, may soon emerge on the Singapore Exchange (SGX) through a backdoor listing via Sesdaq-listed TSM Resources, which is a
      398 words
    • COMPANY Briefs
      • 82 7 Bloomberg SINGAPORE Exchange Ltd, which runs the city-state's securities and futures markets, paid chief executive Hsieh Fu Hua $291,548 for the four months since he started work in March, its annual report said. Former chief executive Thomas Kloet received $1.9 million for six months
        Bloomberg  -  82 words
      • 81 7 EDMI Limited, which designs, manufactures and sells electronic revenue meters, yesterday launched its initial public offering of 59.4 million shares at 26 cents each. The offer comprises six million shares for the public, and the rest placement shares. The company hopes to raise $8.6
        81 words
      • 122 7 ENERSAVE Holdings Ltd will issue 12 million new shares of par value 10 cents each at $0,221 per subscription share to 14 private individuals conditional on receipt from the Singapore Exchange of in-principle approval for its listing. Net proceeds of about $2.5 million will
        122 words
      • 50 7 Bloomberg SEMBCORP Industries Ltd, South-east Asia's biggest civil engineering company, has sold a 95 per cent stake in a Vietnam service apartments operator. The sale will result in an $8.6 million gain for its 2003 profit, the Singapore-based company said in a statement. —Bloomberg
        Bloomberg  -  50 words
      • 100 7 DMX Technologies Group Limited, a system architect that designs and implements comprehensive network solutions, has won two contracts totalling US$l.5 million to deploy its Cyber Defense security solution for two leading telecommunications service providers in Malaysia. "We had been closely tracking these two projects
        100 words
      • 94 7 Reuters DEFENCE contractor ST Engineering Ltd is expected to report an 8.5 per cent rise in third-quarter earnings today, thanks partly to rising outsourcing from the distressed airline sector. But some analysts see weaker fourth-quarter earnings because the Land Systems defence business
        Reuters  -  94 words
      • 78 7 MAINBOARD-LISTED Giant Wireless Technology Ltd has signed three new agreements with Radio Shack to strengthen a long-term arrangement between the two companies. It covers three areas: manufacturing, technology sharing and distribution of wireless electronics products on a global scale. In addition, the company, together with its
        78 words
      • 156 7 IPCO International Ltd said yesterday it will buy all the issued and paid-up capital of China Environmental Energy Protection Investment Ltd (CEEP) through Ipco's joint venture vehicle Excellent Empire Ltd (EEL) for U5534.25 million. Ipco's share of the U5534.25 million price tag is
        156 words
    • 466 7  -  Investors should switch to large caps for Q4, it advises By Serena Ng IT'S common knowledge by now that the UOB Sesdaq Index has vastly outperformed the benchmark Straits Times Index amid Singapore's latest stockmarket rally. A lesser known fact, however, is that the
      Source: Bloomberg  -  466 words
  • Article, Illustration
    1027 4 Transaction date: Oct 6 EMTHRBAlfK CROSS RATES AS CS >■> Uw NKS Mh Yw W m P$ Mb No 8 -i K> N— US$ Australia 0.96 5440 0.587 1244 30J70 56.962 0.754 7426 2.543 1143 39J82 37.415 1.175 4.717 0.907 22.972 26JI6 0.409 0460 Canada 1093 6.164 0441 5.731
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  • Page 4 Advertisements
    • 30 4 Hibiya Central Building 2-9, Nishi-shinbashi 1-chome, Minato-ku, Tokyo 105-8421, Japan W W T Phone: (+81) 3-3595-5063 Fax: (+81) 3-3595-5001 Am. JU JL M2j e-mail: kljtyoiprg@jp.kline.com http://www.kline.co.jp KAWASAKI KISEN KAJSHA. LTD.
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  • Page 5 Advertisements
    • 320 5 r 1^ ■HF W!®^ SP^ r 1^ K> Rv sP R^ Co ,rltU^^ F For his innovative and paradigm-shifting contributions to the logistics and W supply chain industry in Asia Pacific, YCH CEO/MD, Mr Robert Yap has been ■P inducted into the Asia Logistics Hall of Fame by the prestigious
      320 words

  • 1577 6 glCOM FUTURES Octi RU88ER Marts (Qosaq pncts) RSS 1 (S ceotVkq) Close VotaM Open Mowtfc Mffc Law Sett (tonnes) Interest Nov 03 ***** Dec 03 ***** Jm 04 204.25 Feb 04 205.25 RSS3(USoats/kq) Vofeme Open Month High Low Sett (tomes) Interest Nov 03 WIS ***** H725 600 5000 Dec
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  • Page 7 Advertisements
    • 39 7 TASTEFULLY REFINED to the l&nAeb. AT SAVOIR. FRESHNESS ALWAYS. Our must-try house speciality: Tower of Pan-Fried Fois Cras SAVOIR french cuisine with an aslan touch 39/40 Pekin Street #01-01 Far East Square reservations: tel 6438 3858 private room available
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    • 633 7 The Strategic Equity Fund Global Titans (USD) and the Strategic Equity Fund Global Titans (SGD) are 3-yoar equity funds which 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
      633 words

  • SINGAPORE markets
    • Article, Illustration
      484 8  -  Compiled by BT Quak Hiang Whai Thulium Tnrhnnlnjlm Cmlnierinc, octtcM«sL96 WE expect a net profit of $78.3 million, roughly flat from last year (-4 per cent) and -13 per cent from the preceding quarter. The main reason this quarter is lower than the preceding quarter is that a
      Source: Bloomberg  -  484 words
    • 299 8  -  HOT STOCK WARRANT By Ven Sreenivasan IF the laggard theme continues, investors may wish to consider the shares of plastic manufacturer Sunningdale Precision Industries, a recent IPO that has lagged the rest of the market for several weeks now. This is the view
      Source: Bloomberg; Source: DMG & Partners  -  299 words
    • 471 8  -  BT comment STOCKS r. sivanithy LAGGARDS have always been popular with investors, and this was amply demonstrated yesterday when the Straits Times Index smashed the 1,700 level. First, programme buys targeted the local market, most probably because of its laggard status in the
      Source: Bloomberg  -  471 words
    • 569 8  -  BT comment CURRENCIES But demand for yuan, yen still rock-solid as speculation they will be revalued mounts larry wee WALL Street's spike on Friday bought the US dollar a reprieve in Asian currency trading yesterday, leaving gold the biggest loser but the
      Source: Reuters  -  569 words
    • TRADES TO WATCH
      • 141 8 BOUTIQUE fund Aegis Portfolio Managers has bought another two million shares in computer networking firm DMX Technologies at 68 cents a share, raising its stake to 7.1 per cent from 6.42 per cent. The fund's latest $1.36 million purchase was made last Friday, two
        141 words
      • 126 8 WINSTEDT Chong, the chairman and managing director of marine dredging firm Links Island Holdings (Links), and his wife Cynthia Tan have reduced their deemed shareholdings in Sembawang Kimtrans following share sales by Links. The firm sold 150,000 Sembawang Kimtrans shares at 20.5 cents apiece last
        126 words
      • 85 8 NEWLY-LISTED exhibition specialist Kingsmen Creatives said Michael Ng, a director of one of its subsidiaries, last Friday bought 100,000 shares at 40.5 cent and 41.5 cents apiece, totalling $41,240. This raised his shareholding to 3.22 per cent from 3.12 per cent. Kingsmen, which debuted
        85 words
      • 68 8  -  Compiled by BT SERENA NG PRECISION engineering group Armstrong Industrial Corp yesterday said executive director Koh Gim Hoe sold 350,000 shares at 16.5 cents apiece. The sale reduced his direct shareholding to 0.032 per cent or 150,000 shares, from 0.107 per cent previously. Last month, Mr
        68 words
    • Article, Illustration
      397 8 OTHER SINGAPORE INDICES Oct 6 VALUE CLOSE BTOMK 185.00 +391.00 IT CAW -*****.00 +168.00 BT10-d*yHA -*****.00 +19.00 468.18 +12.12 MtpWii Etoct 174.35 +2.89 1473.28 +35.11 88 tjpM—Pup 447.46 +23.89 mmnpnn 212.47 +6.26 SMSCIFntara 213.70 +6.10 Slocks Votow UniFiber 10c 81.186,000 Chart SemiCond 26c 66,445,000 PacfficCenturylOc 49,293,000 Integra 5c 44,966,000 SingTel
      397 words

  • SMALL cap
    • 849 9  -  History shows small firms beat large ones coming out of market corrections. ANGELA TAN reckons now's the time to dip into small caps ANGELA TAN NOW that the global and Singapore economic outlook appears more stable, it is not surprising that every punter
      BLOOMBERG  -  849 words
    • 544 9 THIS week we start a portfolio made up of small-cap stocks. Numerous studies have shown that on average, smaller companies tend to outperform their bigger counterparts. For example, if you had consistently invested $100 in the Straits Times Index on the first of
      544 words
  • 51 9 UNIT TRUSTS FUNDS LfOEMO: M print art tnMn oopt lor En Rmggit AaMx Bro«*y Dmwvfwd; I Narrowly focund; S Lornr Ruk. Low to Medium Ksfc. ft Modwrr to High (tat Migh» ftafc opan-andad. •*for* fubdhnson o< units; After lutodivuion orf unitv S> affrr sHxt «pßt N*. Nor Oaafeng Day; Boor
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  • EMERGING enterprises
    • 667 10  -  Last year, the global embedded systems industry was worth US$55b. Next year, it is seen reaching US$66b, reports Raju Chellam Raju Chellam HOW do you get a bunch of designers, engineers, software developers, venture capitalists and IT vendors to come together to share ideas that may probably
      STMICRO  -  667 words
    • 444 10 SINGAPORE is investing big money, time and resources to beef up its R&D on embedded systems and software. There is now a slew of research institutes here focusing on bringing new technology to market. The lead government agency that funds public research in Singapore
      444 words
    • 456 10 IN AUGUST this year, Nanyang Technological University (NTU) launched a new Master of Science in Embedded Systems degree, probably the first degree of its kind in the Asia-Pacific region. As testimony to the interest in this emerging technology, more than 200 graduates applied for the 34
      FILE PHOTO  -  456 words
  • Page 10 Advertisements

  • SINGAPORE news
    • 454 11  -  BT exclusive Bank expects to grow by 10% year-on-year organically By Daniel Buenas BANK of America Corp (BoA) will continue to focus on its corporate and investment banking here and doesn't plan to re-enter the retail sector, according to senior officials.
      ARTHUR LEE  -  454 words
    • NEWS Roundup
      • 52 11 SINGAPORE and Oman yesterday signed an agreement for the avoidance of double taxation and prevention of fiscal evasion. This is the 50th such agreement that Singapore has signed. The agreement aims to alleviate the double taxation of income earned in one country by residents of
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      • 42 11 THE British Chamber of Commerce in Singapore (BritCham) welcomed its 1,000th member recently. Britain is a key market for Singapore, importing almost $5 billion of goods from the city-state last year, higher than any other South-east Asian country.
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      • 53 11 HOMEOWNERS at Bishan Loft executive condominium will get 50 per cent off their first six months' maintenance fees. The 384-unit development is a joint project by NTUC Choice Homes and Chip Eng Seng. It was launched in July 2001 at an average price of $418
        53 words
      • 78 11 A TOTAL of $32.3 million has been pledged so far for the Lee Kuan Yew School of Public Policy. The school was launched by Prime Minister Goh Chok Tong at the Senior Minister's 80th birthday celebration dinner. The Working Committee, led by Lim Boon Heng,
        78 words
    • 667 13  -  ST, Streats and Today competing for same audience, says research report By Wong Wei Kong YOU would think that with more choice, Singaporeans would be reading more newspapers. But the number of people who are reading just one English newspaper daily has
      Source: Media Index Survey 2003  -  667 words
    • 193 13 WOODSVILLE Court, which tried the en bloc route in 2000, is taking another stab at it. The freehold site off Jalan Toa Payoh is up for sale for an estimated $38-39 million, according to market sources. If the sale goes through,
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    • 497 13 It is Looking in particular at Australia, S Korea and Taiwan Reuters SINGAPORE Power International Pte Ltd, the stateowned overseas arm of Singapore's sole electricity distributor, said yesterday it would look at inqre acquisitions and alliances' in Australia, South Korei and Taiwan. Facing rising
      Reuters  -  497 words
  • Page 11 Advertisements
    • 306 11 frocademy 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
      306 words

  • FOCUS property
    • 881 12  -  Affordability of home buyers not squeezed as badly as feared: study By Kalpana Rashiwala THE recent CPF changes will clip housing affordability by 6 to 7 per cent but a recent study by property consultancy Jones Lang LaSalle has concluded that the impact on
      881 words
  • Page 12 Advertisements
    • 567 12 FOR LEASE SALE Distinct Features: Unit size from 1019 sq ft Basement Parking Own loading bay warehouse unit Column Free layout with windows t 5 mins walk to MacPhcrson MRT 1 ONLY 2 GROUND Near PIE, HDB estate, food outlets UNITS LEFT' Contact Boustead Mdm Tan 6747 0016 MK Chan
      567 words
    • 68 12 110 Robinson Rd Central air-conditioning system Ught-fittmgs ceiling boards avail Exclusively 1.176 to 1,381 sqft per floor, toilet shower facilities avail Possfcle retail use subject to change of use approval From: $2.00 psf/mth 260 Tg Pagar Rd Proximity to Tg Pagar MRT 2,928 sqft per floor Only two floors avail
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  • Page 13 Advertisements

  • EDITORIAL & opinion
    • 735 14  -  THE bottom line OPINION leon hadar UNDER the influence of his neo-con-servative advisers, US President George W Bush has portrayed the American invasion of Baghdad and the ouster of Saddam Hussein as a central battle in the global war on terrorism According to this argument,
      735 words
    • 76 14 'The government can go on and do what is directed by the (new) leader. I'm not a back seat driver.' Mahnthir Mohamad the Malaysian prime minister, on the running of the government after his retirement at the end of this month. 'I don't remember so many of
      76 words
    • 641 14 EDITORIAL PRAUD is not something companies like to talk about But as recent cases highlight, the risk of fraud is higher than ever. The growing complexity of organisations, the expansion by many companies into dissimilar overseas markets, the pressure on managements to deliver good results and the
      641 words
    • 1176 14  -  Normal financial reporting won't do anymore. Better corporate governance demands that companies disclose a lot more details to the market By Penelope Phoon-Cohen WHAT do you want to know about the company you invest in? What about the company for which you work
      AFP  -  1,176 words
    • 704 14  -  MAIL bag Lim Boon Kiat Director Provident Alliance Pte Ltd WE REFER to the article "A matter of grave concern" (BT, Oct 1) by Ms Genevieve Cua, who highlighted several points that "offshore second-hand policies betting on the life expectancy of the original owners are
      704 words

  • Page 15 Advertisements
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  • REGION news
    • 412 16 ASEAN SUMMIT Reduced tariffs on agricultural, manufactured goods from Jan 2004 AFP [NUSA DUA, Indonesia] South-east Asian nations and China yesterday agreed on a special tariff-busting programme to kickstart their grand plan to set up the world's largest free trade area (FTA), officials
      AFP  -  412 words
    • 634 16  -  Business leaders say it will boost intra-Asean trade if folly implemented From Shoeb Kagda in Bali AS Asean leaders meet here today to endorse a new vision for the regional grouping, business leaders are eagerly awaiting details of the Asean Economic Community (AEC) concept.
      634 words
    • NOTE Book
      • 73 16 Reuters [KUALA LUMPUR] Malaysian International Development Finance Bhd (MIDF) said yesterday it is in talks to buy Utama Banking Group Bhd's merchant banking arm. The move came as Utama said it has terminated talks to sell Utama Merchant Bank Bhd to Hong Leong
        Reuters  -  73 words
      • 85 16 Reuters [SINGAPORE] Thailand's state power producer said yesterday it plans to list its shares on the Thai stock exchange in March next year in the country's biggest ever initial public offering. "By the first of January, we will be corporatised. In March next year,
        Reuters  -  85 words
      • 56 16 Bloomberg [BALI] Perusahaan Otomobil Nasional Bhd (Proton), Malaysia's biggest carmaker, will invest US$l.3 billion in "research and products" over the next five years, chief executive Tengku Mahaleel Tengku Ariff said. Proton has invested RM4.3 billion (SS2 billion) in research and development in the last
        Bloomberg  -  56 words
    • 368 16 SHANGHAI It publishes rules allowing foreigners to issue auto loans AFP CHINA has published longawaited rules allowing the issuance of auto loans, removing a final market barrier to foreign companies that paves the way for them to sell more cars, state press reported yesterday.
      AFP  -  368 words
    • 372 16 BALI Minister highlights pharmaceuticals, hotels, telecoms Bloomberg INDONESIA will step up sales of state-owned hotels such as Jakarta's Hotel Indonesia, as well as pharmaceutical companies, officials said. It also wants investment ratings for more than 300 of its regions. "I don't think
      Bloomberg  -  372 words
  • Page 16 Advertisements
    • 998 16 To advertise call toll-free 1800 289 8822 Email: notices 3 sph. com »g TRAVEL FRANCHISE PTE LTD (In Members Voluntary Liquidation) At an Extraordinary (ieneral Meeting of Travel Franchise Pie Ltd held on 3 October 2003. the following special resolutions were duly passcd:1. "That the Company be wound up voluntarily
      998 words
    • 462 16 r IN THE MATTER OF 1 THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF EUTAS INVESTMENT PTE LTD ON MEMBERS VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting ol EUTAS INVESTMENT PTE LTD was deemed to be held at 11 Tuas View Crescent. Multico Building. Singapore *****3 on 6
      462 words

  • REGION world
    • 478 17 NEW YORK Move reflects company's increasing focus on finished products Reuters, Bloomberg MOTOROLA Inc yesterday said it will spin off its semiconductor unit into a separate, publicly traded company. One of the world's top 10 makers of computer chips, Motorola said the move
      Reuters,; Bloomberg; AP  -  478 words
    • 233 17 AFP [SHANGHAI] China's largest and most populated city, Shanghai, is slowly sinking and government officials are getting worried, ordering a curb on the number of high-rise buildings which are partially blamed for the problem. The country's most modernised city is home to nearly 16
      AFP  -  233 words
    • 272 17 TAIPEI CHINATRUST Financial, Taiwan's fifth largest financial services group, is considering purchasing a mainland bank as soon as Taiwanese political restrictions on such transactions ease, according to its president Charles Lo, the Financial Times reported. His comments map out the group's China strategy for the
      272 words
    • 342 17 AMSTERDAM Reuters FAT executive pay packages and accounting scandals have forced the issue of corporate governance under the spotlight in the Netherlands. When supermarket group Ahold emerged from a crippling accounting scandal to unveil a multi-million-euro pay deal for new boss Anders Moberg, the
      Reuters  -  342 words
    • 345 17 LONDON Plan for threefold rise due to greater duties, it says NEWS Corporation, the US media group led by Rupert Murdoch, is planning a near-threefold increase in payments to non-executive directors, according to the Financial Times. The company is seeking shareholder approval to lift annual
      345 words
    • 395 17 MADRID Euro should not bear brant of US$ decline, he says AFP, Reuters EUROPEAN Central Bank (ECB) chief Wim Duisenberg believes that a readjustment of the dollar is inevitable and hopes a shift in the currency's value would take place gradually. Mr Duisenberg, who
      AFP,; Reuters  -  395 words
    • 172 17 Reuters (TOKYO] China's central bank is considering raising the value of the yuan by nearly 30 per cent against the US dollar over the next five years, Japan's Jiji news agency reported yesterday. Citing sources in Beijing, Jiji said the plan to gradually
      Reuters  -  172 words
    • WORLD Watch
      • 98 17 Reuters [TOKYO] Mizuho Financial Group, the world's largest bank by assets, yesterday more than doubled its first half profit forecast thanks to gains on its shareholdings and a big tax refund. It now expects a net profit 0f230 billion yen (5348.2 billion) for the April-September
        Reuters  -  98 words
      • 100 17 Reuters [LONDON] Oil prices rose to a new one-month high yesterday on plans for a general strike in Opec member Nigeria and fresh tension in the Middle East as Israel launched its deepest air strike in Syria in 30 years. But prices eased after
        Reuters  -  100 words
      • 57 17 Bloomberg [TOKYO] Sony Corp lowered the age at which workers may apply for early retirement as it seeks to pare staff costs after a plunge in profit. The world's second-largest consumer electronics maker reduced the minimum age for early retirement to 30 this year from
        Bloomberg  -  57 words
      • 85 17 Bloomberg [LONDON] Standard Chartered Pic will hold the first talks between a Western bank and US officials about setting up a trade finance institution in Iraq. Stuart Horsewood, StanChart's CEO for Iraq, will meet with officials of the US-led occupation authority and Iraqi government
        Bloomberg  -  85 words
  • Page 17 Miscellaneous
    • 370 17 CRYPTIC CROSSWORD 1 A tot of money for the mon- —h wmJ —LhJ-—— arch to let go of 4 Red with anger seething, one gathered (8) m H 8 Complained of item by jour- I I I 9 Er, um. sure it's type of foxtail If AT HH 11 Heard
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  • 6 18 Transaction date: Oct 6
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  • 5 18 Transaction date: Oct 6
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  • 602 18 BONDS WARRANTS Pm Eoky Tal Last Vol Cm* Emt Mk tear- 1Mb to* s— r—> Ma H K» 3698 ASTIW*****1 X 25 738 1 IS -5 1.69 8 3697 Acma Ltd W0411* 15 uncti 89 1 50 368 7 33 13 3602 Amtefc W*****0 118 2 18 1 33 I
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  • WORLD news
    • 493 19 NEW YORK First online retailer to go public after 3½ year hiatus raises US$31m; another in the offing NYT E-TAILERS are starting to feel welcome on Wall Street again. After a three-and-a-half-year span in which only one online retailer, Overstock.com, went public, Red Envelope
      NYT; AFP FILE PHOTO  -  493 words
    • 422 19  -  Japan bucks trend with deals rising 49% to US$56b From Neil Behrmann in London GLOBAL deal makers are encountering mixed growth in merger and acquisition transactions. But more optimistic investment bankers believe that the sharp recovery of stock markets will boost activity
      422 words
  • 13 19 Transaction date: Oct 6 for live prices, log on to wwwjasiaonernarketsjcom
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  • 72 19 w LM W Day LKt onu GrOw On GrYW MM MCtc Itm Ca4* Ciw>n M« *t- Cm* I—r turn W» Cm HI >3 9600 89 6065 Diamonds US2060 2150 3750 3740 6095 ISDJUSTedl US3740 6097 ISMSOSpore USSS5 •45 845 6101 KStPSOO ***** 5 88 9650 9650 6170 5TORS
    72 words
  • 1974 19 J* H* Oat UKlQm* GrtMr On GrYld Hat MCa M» U» Code Cfi M» pt Htl 1— ittm Cw M 13 24 75 5000 ABRHtdgsSc 19.5 unch 166 20 195 195 20 376 41 12.5 2101 APOd 5c 37.5 *1 1384 37.5 36.5 37 375 21 N2.6 2.8
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  • 358 19 524* T4 l*t Vol 0«y Last Quote GfOhr Ot* GrTM Net MCaa loo C*4» Ciwpp Ml w- COW Lam fggr jfc Cw HI jm* 168 82 6000 AVJennings A25c A160 219 160 159 159 160 40 8.8 6 3 6.1 344 4 6001 Catn*yP<x20c HK720 265 2.1 7.4
    358 words

  • FOCUS bailouts
    • 543 20 Construction manager tarns to Employees' Provident Fund for help Reuters [KUALA LUMPUR] Sarawak Hidro, manager of the construction of South-east Asia's largest hydroelectric dam, has sought a RM2.5 billion (Ssl.l billion) loan from Malaysia's state pension fund to prevent the project suffering further delays, industry
      Reuters  -  543 words
    • 375 20 It wants company's founder to put up funds needed to keep it going Bloomberg [JAKARTA] Texmaco Group founder Marimutu Sinivasan should put up the funds needed to keep Indonesia's largest textile maker in business, the government said, rejecting company and worker calls
      Bloomberg; FILE PHOTO  -  375 words
  • Page 20 Advertisements
    • 97 20 Co(*mhlC2ool ftk-mNrtnHuwCnnpcn. Pncr «jmHxr*Cnnp<T% irienk> thenrtwokof mmiM t»m» o» PreAMtotauwCotfim Mnfwtnml 1 mint Nth r<%*♦*+> j wpajfc- .mri niipmby* piM\ I Where to wine, dine and entertain... "~t jjg| Premium Platters CAPTAIN'S TABLE ISkmrnt t Braised Buddha Jump Over the Wall At 35% off menu price. Poached Drunken 'Live' Prawns
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    • 194 20 SENBAZURU Fresh Salmon, tantalising Tuna, succulent Prawns more. Now you can savour the ocean's best catch with our Irresistible Suriv and Saslwm ifieiiilum 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
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  • SHIPPING TIMES
    • 257 21 Reuters (The Baltic Dry Index rose 127 points to 3372, the Baltic Capesize Index rose 194 points to 4966, the Baltic Pan am ax Index rose 146 points to 3310 and the Baltic Handymax Index rose 369 points to *****. TIME-CHARTER: Quorn (built 19%) *****9 dwt delivery Cape
      Reuters  -  257 words
    • 301 21 SGX '000 Oct 6 SS W- Vol CH Offshore ..0J8 0.01 5560 Chuan Hup 052 0.02 4893 Cosco Investment 0.54 unch 7811 CWT Distribution 0 57 0.01 142 EzraHldgs 1.02 0.01 619 Freight Links 0.08 unch 617 GB Holdings .0.71 0.02 51 Java Holdings 0 70 -0.01 2862
      301 words
    • 667 21  -  Minister's sacking latest in troubles as 14 of 27 lines consider pullout By Donald Urquhart [SINGAPORE] Adding to the Port of Busan's woes, container terminal operators at its Gamman terminal including Hutchison Port Holdings, Hanjin Shipping and two others have at least temporarily
      AFP  -  667 words
    • 456 21 Union wants guarantee on stevedoring jobs AP [SYDNEY] Container ships will be banned from Sydney Harbour under a government plan to free up valuable land along the foreshore of Australia's oldest port and one of its biggest tourist attractions. Cargo-handling compa- nies said yesterday
      AP; AFP  -  456 words
    • 113 21 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) and the United Kingdom Hydrographic Office are jointly organising another conference here to promote the use of electronic navigational charts and data globally. Singapore's Transport Minister Yeo Cheow Tong will open the Second International Electronic Chart
      113 words
    • 214 21 They will meet IMO deadline in July '04: deputy premier [SINGAPORE] Malaysia's 700-strong fleet and 50 terminals will meet the International Maritime Organisation's (IMO) International Ship and Port Facility Security (ISPS) Code deadline in July 2004, according to Deputy Prime Minister Abdullah Ahmad
      214 words
    • AVIATION news
      • 621 22 A new breed of aviation entrepreneurs are building cheap and nimble planes for regional taxi services AP [WASHINGTON] AVIATION mavericks are trying to mint a new class of airplane and air travel. It's hard to expect world-altering change from the two biggest airplane manufacturers, Boeing
        AP  -  621 words
      • 86 22 AFP [WASHINGTON] The centrepiece of 'The Wright Brothers Invention of the Aerial Age'exhibition at the Smithsonian's National Air and Space Museum is the 1903 Wright Flyer, the world's first airplane. It will be displayed at eye level for the first time since it was acquired by the
        AFP  -  86 words
    • 3 22
      3 words
    • 3 26 THEBUSINESSTIMES
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    • SHIPS IN PORT
      • 826 27 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BINTAN BARU JB101 J2 A/SIDE 07/10 1500 CJNIA3-16 08/03 J8 A/SIDE 07/10 1100 CECWESER *****3 J7 A/SIDE 07/10 0800 KALTIM EXP 2309E J15 A/SIDE 07/10 0600 KENZUI UC 150 J23 A/SIDE 07/10 1500 SUMI MARU10 01/03 J4/5 A/SIDE 07/10
        826 words
      • 2 27
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      • 139 27 Oct 10 Taiwan: National Day. Oct 12 Brazil: Our Lady Aparecida. Oct 13 Canada: Thanksgiving Day. Japan: Sports Day. U.S.: Columbus Day. Oct 23 Malaysia: Deepavali. Thailand: Chulalong korn Day. Singapore: Deepavali. Oct 25 Taiwan: Retrocession Day. Oct 27 Brunei: Awal Ramadhan New Zealand: Labour Day. Oct 31
        139 words
      • 794 27 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
        794 words
      • 35 27 ——i»»ln Wnrt tyPWV Ertnliw »THc—— tr—tmri—ll li ■»—«f My H«Hr »rtl UuTiSlmul «n MmMmi A CmMMm (CMAO *«f Mcfe paraMtar. riHil— K>rf»iirtliiii«r«rTinl*miir-r-r~r*~"i* 1 *—f Om-HT-MIO. Trtac INSM 0«V UK6. F«c om-137-6t»2-
        35 words
    • AIR & LAND transport
      • 427 28  -  It'll boost capacity on various routes from Oct 28 till end-January 2004 By Beth Jinks [SINGAPORE] Singapore Airlines will boost its flights between late October and the end of January to cater for the upcoming holiday season demand surge, the carrier
        REUTERS  -  427 words
      • 291 28 AFP [MADRID] British Airways chief executive Rod Eddington predicted on Sunday that the British flag carrier and the Spanish airline Iberia could one day forge a major tie-up, saying the two companies may "finish in each other's arms". But speaking in an interview
        AFP  -  291 words
      • 429 28 Airline says it will no longer offset govt-imposed fees Reuters CONTINENTAL Airlines on Friday said its ticket prices will rise because it will no longer offset some fees mandated by the government. Continental, the No 5 US airline, said it cannot afford to continue with
        Reuters; BLOOMBERG  -  429 words
      • 232 28 Bloomberg [WELLINGTON] Air New Zealand Ltd will give chief executive Ralph Norris options to buy 1.1 million shares, should shareholders approve the plan at their annual meeting this month. The options are valued at NZ$2OO,OOO (*****,340), according to PricewaterhouseCoopers, the company said
        Bloomberg  -  232 words
      • 354 28 It is gearing up for strong passenger demand after the Sars crisis AFP [HONG KONG] Hong Kong's flagship carrier Cathay Pacific said on Sunday it would enhance its winter flight schedule to a number of destinations starting this month in anticipation of strong
        AFP; FILE PHOTO  -  354 words
      • 209 28 AFP [HONG KONG] Hong Kong's flagcarrier Cathay Pacific Airways said yesterday its passengers could now make direct high-speed ferry connections to key cities in the Pearl River Delta region. The airline said in a statement that the Sky Pier at Hong
        AFP  -  209 words
      • 408 28 /WW.* cooes AA Amencan Artnes (AALI AF Ar franca (AFR) Al Ar Inta (AK). AY FmarOytFtt) AI AMata Artnes (AZA) M B*e* Arrays Pubtc Lid Cc (BAM. BB Bman Bangladest Artnes (BBC) Bl Roy* Brum Artnes Son Bhd (RBA) BO Bouraq Artnes (BOU) BR FVA Amors
        408 words
  • Page 21 Advertisements
    • 402 21 people njHjr JCAN-LOUIS pin son has been appointed Air France's M senior vice-president tor Asia and the Pacific. Mr Pinson succeeds Marc Benedetti, who is retiring from the airline industry after more than 32 years. Mr Pinson Joined Air France in Y974 and, most recently, was the executive vice-president and
      402 words

  • Page 22 Advertisements
    • 696 22 IMPORT I NORTH AMERICA I1 1 AUSTRALIA!NEW ZEALAND I BUPBI «HUTTU EXPBOS (88X) I [AUSTRALIA ASIA EXPWESB (AAJQ 1 VKSB VOY Id SIN KG ooaauoMM 24/00 w i? m syo «L_ Js_ PtO NEDIiOYD SOUTHAMPTON 34W30 #1/10 19/10 21/10 API IVORY 64N 27,W M/ 09 01/10 03/10 0710 12/10 14/10
      696 words
    • 459 22 Lines servxas represented by a il Member* of ibe Ragisfry of ;rv &G9J Accredited Shipping Agents, Singapore Shipping Association 400 lon gjg ULY UNE MALI /VESSEL VOY ETA ETA ETA A P. KIAMC SfOtE MALE Empress Lily 0503 05/10 07/10 15/10 Mold Comer 742 A 13/10 15/10 24/10 Princess Lily
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  • Page 23 Advertisements
    • 1115 23 TO USA (SAX SERVICE) VtSSIL VOT SINEtt U» OAK DAI HOU CHI COt MM ATI NYC ATI SWEDEN PIPE 08/10 23/10 27/10 M/ 10 21/10 2»/10 M/ 10 2«/10 31/10 31/10 AMBOUAHO 1201 15/10 30/10 03/11 04/11 04/11 04/11 04/11 04/11 07/11 07/11 AKENGUNO 1221 22/10 06/11 10/11 11/11 11/11
      1,115 words
    • 1777 23 WEEKLY CONTAINERISED SERVICE TO St KTEKSIUK, KALININGRAD I MOSCOW MlfftDA. LITHUANIA GOHAI AGINTS M SMKAfOM: K tOMHSOM #17-00 SAUS/MGS TO: *****157/43 EAX: *****371/74 I COSTAR SHIPMMfi PTE LTD outwaaoh/u mtosmj t»sns/n I RIGA, LATVIA OIIfcIINWOOOOM TH; 427* 1400 (MAM) INWAIO (0/0) *****7 M *****311/44 I TALLIN KTQIBA T/SWKP *****475 42U5314/44
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    • 472 23 VESSEL VOY SIN StG JK^ GAMU8HUM MOM 14/10 I f/10 WlOlW 17/10 lf/10 MTIIHUM 372S "TT7T0 14/10 "Ts7fT~ AMANBHUM N293 111/10 [16/10 1W "*****"li¥"2*710 MBBHUM 323S 18/10 21/10 22/10 HUWSA»H1W W073 Ill/IQ I2V10 124/10 W/10 31/10 "2/fi| |KTT1BHUM 324S 1 25/10 2S/10 2V10 'K-MMIMm VESSEL VOY PKG SIM HKG SWA
      472 words

  • Page 24 Advertisements
    • 468 24 r\C| MAC EMOUIRIE6/BOOKIN<K: *****344 FAX: *****433 E-MAIL: MmaaMatmM.com.to IVIMO DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 MUMC OMMIMM IMB WU COMTAHB MtVKI TP WCT WK> MOH VKSa I VOY SINGAPORE POST KELANG U HAVRE DAKAR lAHU CONAKRY IWfiTCoSfccT m "***** W 8715 n7TT H/H —l47fr 1 Hyundoi Highntss Hi* 20/10 21/10 05/11 l|/U
      468 words
    • 577 24 VNNA WAN HAI LINES V TEL *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For more details, cell HOTLINE: *****588/1800-*****00 m NORTRANS SNIPPING AOENCIES 29 INT'L BUSINESS PARK #05-05 ACER BUILDING
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    • 643 24 BSfl a MYANMA F,VE STAR LINE (Myoaaor Natio»«l Line) loodi»g far Ynjoi VESSCL vor MN m nx PGU PAGAN 30* W SU> HPA-A* 307W SU» IN MALAYSIA: IOUSTEAD SHIPPING AGCNCIIS KUL 03-*****)00 PEL 03-317*4101 PEN: 04-2****** BANK LINE (A seevk* of Andrtw Wtir Shipphj) I NORTHBOUND TO EUROPT" V CONUMR,
      643 words

  • Page 25 Advertisements
    • 1370 25 lyiSSil VOY KHH HKO SIN PKi I DXI I l*» DMA* OIK MAN BAAKERI KL 8006 SKIP SKIP 06/10 05/10 12/10 13/10 19/10 11/10 WAN HORMOZGAN PCL 332 07/10 OR/10 13/10 14/10 21/10 22/10 29/10 31/10 CAPS FRIO PCL 8007 SKIP SKIP 17/10 16/10 25/10 26/10 02/11 04/11 UNDAVIA PCL
      1,370 words
    • 633 25 UK CONTINENT SERVICE Loading tor ARCHIMEDES RTM/ATW/BMNAJK/NAN OCEAN TRADER RTM/ATW/BMN/UK/NAN Loads Singapore. E-/W Matayaa. Indonesia MIDDLE-EAST SERVICE Loading (or PANORMOS PRIDE DBI/ABU/DOH/BRN/DMM/KWT REGINA V HDD/JDH/AQA DORIAN STAR DBI/ABU/DOH/BRN/DM M/KWT MARAKOT NAREE DBI/ABU/DOH/BRN/DM M/KWT •Loads Smgapore, E7W. Malaysia Indonesia USA SERVICE Loading for GIORGOS CAM/NFK/SAV/NOL NENA J VCW/LAX/MZL ANTUCO CAM/NFK/SAV/NOL •Loads
      633 words
    • 707 25 vtssa vei Si Est _msa m si *t MCBAMOA 104W nm 03/10 JM 2ZZJ OS/10 07/10 wumi iM?g m/ 15 Qs/10 ncaiu um qq/iq 11/10 PACOAMDA 1050N 04/10 04/10 TkmiAM J222 ***** 14/10 ru. umi losm 07/10 07/10 sum 1 ion 14/10 u/10 ntumi Mai si/is w/io i^HHwrnvnTrrrnn^H p»c ifNDA
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  • Page 27 Miscellaneous
    • 112 27 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers u circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots Hazy A -One solid triangle represents 50 knots D Centre
      112 words