The Business Times, 8 October 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 024/03/2003 Internet: http://business-times.asial com.sg SINGAPORE WEDNESDAY, OCTOBER 8, 2003 85*
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  • 1673 1  -  Market cap hits $286.7b, but doubt tempers exhilaration as STI gyrates By Ven Sreenivasan [SINGAPORE] Is this the real McCoy? Or are we about to see the Singapore market dance that familiar 'two steps forward, one step back' tango? That's the question investors
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  • 576 1  -  Government indicators show economy back on growth track, he says By Chuang Peck Ming [SINGAPORE] More good news on the economic front. A day after it was indicated that the economy could grow faster than the official forecast of one per cent
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  • 72 1 □sn 1,722.10 (+4.21) ST INDEX FUIURES 1,730.00 (+6.00) SIMSCI FUTURES 214*40 (+0.70) Tuesday Change KLSECOMP 748.55 +5.82 NIKKEI 225 __.10.820.33 *80.19 HANG SENG _11.72:152 10,56 SET INDEX 544.39 +0.03 JAKARTA COMP .615,11 -0.56 MANILA COMP .1,112.72 +7.26 TAIPEI WP1 5,856.68 +5.48 SEOUL COMP 727.09 +3.96 SHENZHEN B Closed Al'ST
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  • 83 1 FOREX RATES US$ 8$ TSS (SS per l'S$) l.7« X(l SS/SS per S)_ 1.676 2.887 El'RO(l'S$/S$/E). 1175 1024 YEN 110.7 64.20 RM :»H00 2.206 HK$ 7.712 4.477 BAHT 39.49 22.92 Rl PIAH 8;t93 4.871 RENMINBI 8.299 4.817 INDIAN RI'PEE 4536 2633 AS 1.452 0.843 NZ$ 1.672 0.971 PRIME RATES
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  • 674 1  -  ASEAN SUMMIT Leaders throw weight behind plan for foil economic integration From Shoeb Kagda in Bali FACED with growing global competition and slower growth at home, leaders of the 10-member Association of South-east Asian Nations yesterday adopted a landmark blueprint that aims to
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  • NEXT page
    • 805 2  -  HOCK lock siew r sivanithy IT would be fair to say that the local stock market stands delicately poised at a crossroads of sorts. On the one hand, the momentum of the past few days and the recent decoupling from Wall Street's volatility
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    • 522 2  -  Easing IDA control over consumer protection among proposals in maiden code review By Tang Weng Fai [SINGAPORE] First it was hospital fees. Now the prices of wholesale and other telecom services may soon be open to public scrutiny with the prospect of cuts. The
      522 words
    • ON THE grapevine
      • 207 2 MORE listed companies these days hold shareholders' meetings at their offices in outlying areas as part of a yearly tradition or to avoid the cost of booking a hotel meeting room. In the case of loss-making Ipco International, which held its annual general meeting yesterday at
        207 words
      • 97 2 THE fast-moving stock market is a bit of a headache for analysts. Even before their reports reach investors, some of their target prices are exceeded. For instance, an ING report dated Oct 6 set a $13.74 target price for DBS and HK$ll2 for Standard Chartered
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    • 220 2 More locals would have lost jobs without them, says DPM Lee [SINGAPORE) Foreign workers have absorbed all the job losses since 2001 while local jobs held steady, said Deputy Prime Minister Lee Hsien Loong. "Foreign workers have been an important buffer during the slowdown,"
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  • Page 2 Advertisements
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  • SINGAPORE companies
    • 987 4  -  Surge in share prices fuelled by liquidity finding laggard counters By Kalpana Rashiwala PROPERTY counters' discounts to revalued net asset values (RNAVs) have narrowed to about 14 per cent from 38 per cent at the start of this year helped by the
      Source: Bloomberg  -  987 words
    • 772 4  -  New substantial shareholder elected as director and appointed chairman By Serena Ng A BID by a group of minority shareholders to oust Ipco International's entire board faded yesterday at its annual general meeting (AGM) as their special resolutions were overwhelmingly outvoted. And
      FILE PHOTO  -  772 words
    • 313 4  -  It has received ASX approval to delist due to low volume By Serena Ng DUAL-LISTED GES International yesterday unveiled steps towards delisting its shares from the Australian Stock Exchange (ASX) because of the small number of shareholders and poor liquidity of
      313 words
    • 698 5  -  Stronger contributions from aerospace, marine sectors boost gains By Kenneth Lim SINGAPORE Technologies Engineering said investment gains and stronger contributions from its aerospace and marine sectors helped lift third-quarter net profit by 6.2 per cent year-on-year to $87.6 million. But South-east
      FILE PHOTO  -  698 words
    • COMPANY Briefs
      • 47 5 THE High Court has approved Natsteel's subsidiary Natsteel Engineering's move to cancel 42.17 million ordinary shares of $1 each. The amount of $42.17 million will be used to write off accumulated losses in Nat Steel Engineering, reducing them to $358,806.
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      • 76 5 EU Yan Sang International said wholly-owned subsidiary Eu Yan Sang (Hong Kong) and the School of Chinese Medicine of Hong Kong Baptist University have launched An Illustrated Chines* Materia Medico, in Hong Kong. The book contains information on about 500 commonly used mateciftmedica in
        76 words
      • 70 5 EBWORX Bhd yesterday signed placement and underwriting agreements with OSK Securities Bhd to float on the Mesdaq Market of the Kuala Lumpur Stock Exchange. eßworx will offer a public tranche of 50 million ordinary shares at 33 sen each. Singapore-listed CSE
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      • 50 5 INDONESIA'S second-biggest phone company, Indosat plans to increase a bond issue to 2.5 trillion rupiah (*****.6 million) from an original 1.75 trillion rupiah. Indosat, 42 per cent owned by Singapore's ST Telemedia, is issuing the bonds to repay debts of its main cellular unit Satelindo.
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      • 117 5 Reuters AIB Govett (Asia), part of Allied Irish Banks, said yesterday it may shut its two mutual funds in Singapore to focus on institutional clients as it grapples with the departure of key staff. AlB's move reflects the growing cost pressures faced by foreign
        Reuters  -  117 words
      • 70 5 EI-NETS is going into the education business, which it reckons has a high growth potential that can provide it with a stable income stream. Its first endeavour will be in China, where there is considerable demand for vocational and skills training. The company's entry into the
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      • 51 5 SNP Leefung yesterday posted a drop in Q3 net profit to HK$l9.5 million (554.4 million) from HK536.4 million in the year-ago quarter, in the absence of a HK525.5 million gain from the disposal of a subsidiary that benefited the bottomline in Q3 last
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      • 63 5 STARTECH Electronics said yesterday it will hold an extraordinary general meeting on Nov 17 following requisitions from three shareholders who are seeking to replace most of its directors. The three shareholders cumulatively hold over 15 per cent of Sesdaq-listed Startech, which last week
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      • 98 5 JUKEN Technology said yesterday it will pay RM2.6 million (Ssl.2 million) through its wholly-owned subsidiary Juken Technology (M) for the 40 per cent of shares it does not own in Inplas Engineering Bhd. The purchase will be financed by the issue of 1,454,378 new
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    • 286 5 Project estimated to be worth US$100-150m AFP SINGAPORE conglomerate Keppel Corp said yesterday its US subsidiary, Amfels, is nearing the end of talks to secure a potentially lucrative defence contract with the United States. "Amfels is in the final stages of
      AFP  -  286 words
    • 759 8  -  Firms in which it has little or declining interest are at greater risk, rating agency says Reports by Wong Wei Kong SHOULD bankers regard government support for Te-masek-linked companies (TLCs) as a given? Increasingly, no, according to international credit rating agency Standard Poor's.
      AFP  -  759 words
    • 338 8  -  Rating agency cites potential jump in debt burden By Tang Weng Fai SINGAPORE Power has been been put on credit watch after reports that its net debt level will likely double as it takes on US$2.l7-2.3 billion of borrowings. Sing Power would not comment
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    • 572 8 S&P cites market liberalisation, deregulation and rising global threats THE credit quality of Tema-sek-linked companies (TLCs) has declined over the past two years, and this partly reflects the direction set by the Temasek Charter, Standard Poor's (S&P) said yesterday. "They've all been hit by
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  • SINGAPORE markets
    • Article, Illustration
      583 6  -  Compiled by VEN SREENIVASAN COSCOy Oct 7 do** 50 coots WE resume coverage of Cosco Investments (CIS) following the cessation of the blackout period arising from the company's recent share placement exercise. The acquisition of associate stakes in Nantong and Dalian shipyards represents, in our opinion, only the
      Source: Bloomberg  -  583 words
    • 261 6  -  CHART POINT LIM SAY BOON LAST week, we suggested that a break above 1,645 could see the ST Index head towards 1,735. Well, the index has done that and a little more. Indeed, it burst through the 1,735 resistance yesterday morning, hitting
      Source: Bloomberg  -  261 words
    • 853 6  -  A longer view CURRENCIES larry wee ASIAN currencies and stocks have played catch-up as the US dollar continues to struggle, but an impressive Q3 US earnings reporting season may buy the greenback a little breathing space. While Wall Street perked up with a
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    • 586 6  -  BT comment STOCKS r. sivanithy ALTHOUGH stock prices appear to be racing upwards, traders say they are finding it increasingly difficult to make money. This may come as a surprise, given that most observers are still positive about the market's outlook. Wall Street seems stable
      586 words
    • TRADES TO WATCH
      • 67 6 ONE of Kim Eng Holdings' executive directors, Lau Wai Kwok, yesterday sold one million shares of the listed group for $1 per share in the open market. The sale reduced Mr Lau's shareholding to 0.7 per cent, or 4.2 million shares, from 0.86 per
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      • 96 6 VICTOR Tan, chief executive officer of Accord Customer Care Solutions (ACCS), yesterday bought 250,000 shares in the mainboard-listed af-ter-market services provider at 65.3 cents a share. His $163,250 purchase brought his direct shareholding in ACCS to 6.27 per cent, or around 39.7 million shares,
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      • 127 6  -  Compiled by SERENA NG THE shareholding of Thakral Corp's directors Inderbethal Singh Thakral and Kartar Singh Thakral in the mainboard-listed electronics products distributor has been further reduced. This follows sales of 4.1 million shares and 5.9 million shares at 14 cents apiece on Monday "initiated by
        127 words
    • Article, Illustration
      389 6 OTHER SINGAPORE INDICES Oct 7 VALUE CLOSE fTOMB -44.00 -229.00 IT CW -*****.00 -119.00 -*****.00 -5.00 468.48 +0.30 SG Equities Etect 172.93 -1.42 S6Eq<tMMFIn 1486.01 +12.73 SG Eqattto Prop 445.58 -1.88 ■BOSwere 213.09 +0.62 SMSCI Fataras 214.40 +0.70 fhLlH Voh—I Thakral 75,416,000 GiantWTech HKlOc 64,989,000 Goodpacklc 58,675,000 Goldtron 5c 42,830,000
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  • EXECUTIVE money
    • 1225 7  -  Fund managers, including 'Dr Doom' Marc Faber, are convinced that money is once again pouring into Asia and that commodities is the sector to invest in, reports Genevieve Cua Genevieve Cua MARC Faber, popularly dubbed "Dr Doom", provoked a guffaw among an audience of institutional asset
      FILE PHOTO. CHRIS LOH (RIGHT); Source: Bloomberg  -  1,225 words
  • Article, Illustration
    1092 7 Transaction date: Oct 7 Source: HSBC Bank USA, S'pore Branch DTTEEBAMg CROSS RATES* AS C$ twfe Euro HK$ ted ts tupiak Von Won W »K Wh Pwo Si *m* Sft MTS 8afct Pow»d US$ Australia 0.922 5.717 0.586 5.312 31.248 57.115 0.762 7.929 2.618 1152 39.707 37.918 L»7 4290
    Source: HSBC Bank USA, S'pore Branch  -  1,092 words
  • Page 7 Advertisements
    • 263 7 ■.v«y pfgg Strategic alliances. on Doing Business in Asia 29 Nov -15 Dec 2003 Global partnerships. Program Fee: USS^.OOO International networks. General Managemem Pro9ram 10 21 Nov 2003 Apply by 13 Oct 2003 m Program Fee: 555,500 If s amazing what goes on In OUr CIaSSrOOIIIS. Marketing Management Program 10
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  • 48 8 UNIT TRUSTS FUNDS LEGEND AJ pncas are indicatM uc*pt tor S U Ibngg* AeetS BroeiSy Di»nHi«d. I Know*) fumii; i U»wr Rafc. Low to Madkan N* Madtom to High M* Mghar ap«v«»d»* •■far* wbdMaon of unMs Atar lubditiiion o< unity S> »»tor stodi MA-Won Oiling Day Hour MnSSOIIS
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  • SINGAPORE news
    • 530 9  -  Only two others in Asia-HK, Japan are in top-21 list of Transparency Int'l By Anna Teo [SINGAPORE] Perceptions about Singapore as a squeaky clean place have improved for the third year running, going by the latest report of graft-buster Transparency International. According to Tl's 2003
      530 words
    • 248 9 Pact expected to be concluded within short period SINGAPORE and South Korea have agreed to start formal negotiations for a freetrade agreement based on recommendations by a joint study group (JSG). The trade pact is to be concluded "within a reasonably
      248 words
    • 208 9 THE National University of Singapore's Industry Technology Relations Office (Intro) yesterday said it is enlisting the help of well-connected companies to promote its technologies. Under its new initiative, these companies, or technology brokers, will help to identify potential licensees of NUS technologies from
      208 words
    • 425 9  -  EYE on the economy jobs By Daniel Buenas DEMAND for executives fell 12 per cent in September from August, with jobs in the IT sector experiencing the greatest fall, according to the latest report by search firm EL Consult Singapore. The executive demand index
      Source: EL Consul Singapore  -  425 words
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  • EDITORIAL & opinion
    • 734 10  -  THE bottom line OPINION shoeb kagda ONE year ago, Indonesians were rudely awakened by the fact that terrorism was thriving in their backyard On Oct 12 last year, two bombs ripped through Bali's famous Kuta beach area, claiming 192 lives and forever changing the Balinese
      734 words
    • 80 10 'Rather than making the world busy by talking about Hamas and Islamic Jihad, we have to start talking about the Israeli occupation of Arab territories.' Buthaina Shashan a Syrian cabinet minister, on the Israeli air strike and the Securty Council debate. 'Sure we're afraid of all these
      80 words
    • 665 10 EDITORIAL AFTER some five years in the shadows, the Association of Southeast Asian Nations (Asean) looks finally to be getting its act together again. The launch of a landmark new charter yesterday by the 10-nation grouping at the Asean summit in Bali reflects a realisation among
      665 words
    • 1156 10  -  Three agreements they are set to sign will boost economic cooperation and strengthen security relationships By Seema Gaur ASEAN-INDIA engagement will enter a new phase, with the two set to sign three major agreements at the second Asean-In-dia Summit in Bali today. These agreements
      AFP  -  1,156 words
    • 706 10  -  COMMENTARY It's standing up for the South while gaining respect of the North By Frank Ching THE collapse of the World Trade Organization's ministerial-level talks in Cancun, Mexico last month wasn't totally unexpected, since the gap between the positions of the industrialised world and
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  • SINGAPORE news
    • 389 11  -  But company insists S'pore still important, particularly in R&D By Raju Chellam US ELECTRONICS giant Motorola Corp's plan to spin off its semicon unit into a separate company will see its high-profile design centre in Singapore move to the new company. Motorola employs 2,100
      389 words
    • 486 11  -  By Siow Li Sen JP MORGAN is starting up its junior management programme again and that is as sure a sign as any that investment banking, which has been in the doghouse for the past three years, has seen its worst.
      486 words
    • 334 11 Cheow Tong also says ValuAir put in incomplete application SINGAPORE still has an edge over Malaysia in the aviation market and will watch its plans to develop a transportation hub in neighbouring Senai, Transport Minister Yeo Cheow Tong said yesterday. The minister
      334 words
  • 1597 11 S1C0M FUTURES Oct 7 KUBBO Fytwcs (doting phccs) ISSKScMtsAo) Close VofeMM Open MowMi Mfh Low Sott (towwi) Interest Nov 03 204.75 Dec 03 204.75 J« 04 205.75 Fob 04 206.75 RSS3(UScMtsA«) Vokme Opto Moo til Hlgk Low Sott (toMW*) latarost No* 03 1 TWTSO 5000 OK 03 118.75 *****
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    • 1211 11 Call toll-free 1800 289 8822 Eaail: lotoiOnt,cwut IN THE MATTER Of THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290< 1 KB) AND IN THE MATTER Of SJH INVESTMENTS PTE LTD (Members' Voluntary Winding Up) At on Extraordinary General Meeting of the abovenomed Compony was deemed to be held on
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  • REGIONAL news
    • 549 12  -  Analysts wonder if Syed Mokhtar has overstretched himself financially From Eddie Toh in Kuala Lumpur THE infrastructure banking arm of the Malaysian government has pumped more than RMI billion (***** million) into tycoon Syed Mokhtar Al-Bukhary's Port of Tanjung Pelepas (PTP), but is not
      549 words
    • 594 12 9th ASEAN SUMMIT Still, the market has priced in a yuan rise of 5.7% in the next 12 months Reuters [BALI] China yesterday reaffirmed its determination to keep the yuan stable despite insistent US demands for a revaluation of the currency. Markets are betting
      Reuters; REUTERS  -  594 words
    • 357 12 Bloomberg, AFP [BALI] China said it would allow duty-free imports of some goods from South-east Asia as early as next year, a measure that will probably boost the region's expanding trade with the world's fastest-growing economy. "An early harvest program will
      Bloomberg,; AFP  -  357 words
    • 306 12 AFP [BANGKOK] Thailand and India will slash tariffs to zero on 83 products under a free trade agreement (FTA) to be signed during Indian Prime Minister Atal Behari Vajpayee's visit this week, officials said yesterday. Mr Vajpayee, who arrives in the kingdom late today,
      AFP  -  306 words
    • NOTE Book
      • 130 12 Reuters [TAIPEI] Taiwan memory chip maker Powerchip Semiconductor Corp said yesterday it planned to build two more billion-dollar plants as it pumps up production to reach a target of 15-20 per cent of world market share by end-2005. However, Powerchip chairman Frank Huang
        Reuters  -  130 words
      • 108 12 AFP [MANILA] Asian countries are considering setting up a second Asian Bond Fund for countries whose ratings are under investment grade, Philippine Finance Secretary Jose Isidro Camacho said yesterday. Under the scheme, non-investment grade countries will contribute to the second fund which in
        AFP  -  108 words
      • 92 12 AFP [MANILA] Moody's Investors Service yesterday slapped a "generally negative" outlook on the Philippines' banking system, warning the health of the smaller players may destabilise the industry if the difficult environment persists. One week after downgrading the outlook on Manila's sovereign foreign currency rating to negative
        AFP  -  92 words
      • 84 12 Bloomberg [HONG KONG] Shares of Henderson Land Development Co, Hong Kong's second-largest developer by sales, posted their biggest drop in Ave years after the company said it sold a 5.4 per cent stake at a discount for HK52.95 billion (Ss6sB million). The stock fell
        Bloomberg  -  84 words
    • 914 14  -  Regulatory restrictions, low asset yields cited as hurdles to Reit market From Jeff Wagner in Hong Kong REAL estate investment trusts (Reits) are expected to make a slow start in Hong Kong, hampered by a restrictive regulatory approach and property developers'
      REUTERS  -  914 words
  • Page 12 Advertisements
    • 1509 12 To idwrtht call 101 l free 1800 299 8832 K—11: aodce*asphcom.sg totoeMaferafTheCompanieeActCap.so and InVwMattaraf ROUUKA LMEB PTE LTD (In Mentoen' Vofcrtary Liquidation) At an Exnordnaty General Meeting of toe abovenamed Company (My convened and hald at IS McCalum Street #12-03 NafcMat Centra Singapore *****5 on Monday. 6 October 2003 at
      1,509 words

  • 6 13 Transaction date: Oct 7
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  • 5 13 Transaction date: Oct 7
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  • 804 13 Transaction date: Oct 7 art— m Ow ami 9>adi—i Q— a—» AJtarecn 50c 041 1.120 NKStMl SOc 040 2-230 -0.020 cic 0.70 5 450 -0.100 OCBC 170 11.000 *0100 CaprtaLand 1.2S 1*30 -0050 OUC 0 M 4650 -0.150 Owt SamKand 2fc 1.44 1640 -0030 Mtw%Hg( 0.40 0.945 *0.095 City
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  • 596 13 BONDS WARRANTS Td Last Vol Cam Ear Gmt-mS Ci* Ciapwy Mt *m- CH M*» Wet Uft 3698 AST1W*****1 M unch 255 1 16 -3 1*7 S 3697 AcmaltdW*****6 15 1 50 390 7.00 13 3602 Amtefc W*****0 117 -1 73 1 33 13 20 3603 Armstrong W*****0 unch 99 1
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  • Page 13 Advertisements

  • 15 14 Transaction date: Oct 7 for live prices, log on to irwu 'xisiaonema rkets.com
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  • 77 14 *2-Ml Ttf last Vol Day LMQuMt GfOfc Oto GrYM MM MCaa W# L— C»4« Ciwpm Ut* w- rn W» Lmm loyr Cw W M 9600 89 6065 DumonA US2060 2140 3750 3740 6095 IS DJ US Tech U***** 6097 IS MSCI Spore US555 MS MS 4101 IS SAPS00
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  • 1938 14 52-Wk Id Lact Vol Day Laft Qvot# GrOfc Uv GrYW MM MCm low cut Ciuph Mt w- r—W W» L— Bayer M« Cw M ia 24 7.5 5000 ABRHldgsSt 195 unch 83 19.5 19.5 19.5 20 376 41 125 2101 APCMSc 38 »05 4826 39.5 37.5 38 38
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  • 353 14 S24* Td lal M Day Lwt Quote GrOto U» GrVVd mm MCaa W» L—r Code Ci—my Ml C—| U» turm >*» CV W tM 168 82 6000 AVJennings A25c A160 unch 341 161 160 160 161 40 8 8 6.3 6.1 3444 6001 Cathay Pac 20c ...MIC720 265
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  • WORLD news
    • 455 15 LUXEMBOURG Draft reforms to end stock exchange monopoly passed despite heavy opposition Reuters EUROPEAN Union finance ministers agreed to far-reaching financial services reform that will allow banks to compete with stock exchanges in share trading and also bring down costs, Italy said yesterday. Under
      Reuters  -  455 words
    • 524 15 LONDON They paid £62m for BSkyB's 10% share in soccer club TWO Irish racehorse magnates seized nearly a quarter of Manchester United yesterday by buying TV firm BSkyß's stake in the English soccer champions, but a source close to the deal said they did
      Reuters; Source: Bloomberg  -  524 words
    • 307 15 BOSTON Reuters FIDELITY Investments on Monday said it had received a subpoena from New York Attorney General Eliot Spitzer as part of a growing mutual fund investigation. "We received a subpoena late last week requesting information on market timing and late trading," said Anne
      Reuters  -  307 words
    • 474 15 LONDON Reuters MYTHS and monsters haunt the psyche of every investor especially in October. Its ghoulish record includes the market crashes of 1929 and 1987, the plunges of 1989 and 1997 and a hatful of others that rank among the
      Reuters  -  474 words
    • WORLD Watch
      • 106 15 Reuters [NEW YORK] PepsiCo Inc yesterday said quarterly profit rose 13 per cent on a strong performance from its core salty snack foods and North American beverage businesses. PepsiCo's total volume of products sold rose 5 per cent in the third quarter to Sept 6,
        Reuters  -  106 words
      • 85 15 Reuters [NEW YORK] Bank of America Corp will make restitution to mutual fund shareholders harmed by a hedge fluid's improper trading, including those who don't own the bank's funds, it said. The bank also has hired Dale Frey, former chairman of General Electric Investment Corp to
        Reuters  -  85 words
      • 76 15 Bloomberg [NEW YORK] Motorola Inc's planned initial public offering of its semiconductor unit may raise more than US$l.B billion, more than any IPO in the US in the past year. The unprofitable chip-making business is worth about US$9.2 billion, according to a Merrill Lynch
        Bloomberg  -  76 words
    • 418 15  -  It calls on govt to cut taxes, reduce employment burden From Neil Behrmann in London THE UK Confederation of British Industry (CBI) warns that many thousands of UK jobs could be lost unless the government cuts taxation and reduces the burden of employment
      418 words
    • 487 15 AP, AFP, Bloomberg [TOKYO] Sony Corp will cut the number of parts it uses in its consumer electronics products in an attempt to energise its faltering profit. The electronics and entertainment giant plans to slash the number of parts by
      AP,; AFP,; Bloomberg; AFP  -  487 words
  • Page 15 Advertisements
  • Page 15 Miscellaneous
    • 186 15 CRYPTIC CROSSWORD ACROSS 26 J£^ empto^asaso,ic 27 Honestly, it isn't crooked (8) 28 Jack needs to become ob- BSo the sappers get a warning Objected, 9 Eremurus, 11 Kam(6) of course (9) pala, 13 Rushlight, 15 Reads DOWN 14 A simple manufacturer (9) between the, 18 Tarantno, 21 2 Old
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  • BT motoring
    • 436 16  -  Automotive components maker Delphi has pumped $458 m into its Singapore plant since it started 25 years ago. Samuel Ee reports Samuel Ee Automotive components giant Delphi Corporation has invested $458 million in its Singapore plant since it was opened in 1978, a senior company
      ARTHUR LEE  -  436 words
    • 482 16  -  Sales of new Megane seen overtaking that of hatchback version By Samuel Ee lm new Kenauii Megane seaan is expected to outsell the hatchback 1 version by three to four times, B Olivier Delamarre, area operaM Mtions manager of Renault Asia Pacific, said at
      482 words
  • Page 16 Advertisements
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    • 76 16 J~l M E RITU S MANDARIN SINGAPORE f~ Three Words, Two Hearts, One Milestone 29 30 November 2003 Pledge your love for each other amidst the grandeur of a Mass Wedding. At an exclusive $1,388 nett* per couple. For enquiries, please call wedding planners Yan Goh at 6831 6066 Cassie
      76 words

  • SHIPPING TIMES
    • 264 17 Reuters The Baltic Dry Index rose 157 points to 3529, the Baltic Capesize Index rose 181 points to 5147, the Baltic Panamax Index rose 265 points to 3575 and the Baltic Handymax Index rose 253 points to *****. TOIB-CHAETER; Cape Kennedy reported 2/10 fed to Shinwa. Vessel has
      Reuters  -  264 words
    • 274 17 SGX *000 OQ7 ss w- w CH Offshore .037 -0.01 5273 ChtanHup 052 -0.01 3657 Ccjco Investment 056 0.02 ***** CWTOWributton 056 -001 74 EzraHUgi 1.01 -0.02 873 Ljnks .0.09 001 6684 GB holdings 0.70 -001 IS JanHofcfcngi 0.68 -002 2033 iff Venture 0.24 inch 2556 KeppelCoro 5.70
      274 words
    • 593 17 But HK terminal says losing to China less painful than losing to S'pore [HONG KONG] Throughput at container terminals in the southern Chinese boomtown of Shenzhen is likely to overtake those in Hong Kong in five years, but it will be
      FILE PHOTO  -  593 words
    • 257 17 Reuters PAKISTAN has arrested eight crew members of a grounded Greek tanker on charges of negligence in handling the ship's entry to the port, but police said on Sunday they would be freed soon on bail. Greek oil tanker Tasman Spirit, carrying 67,500 tonnes of
      Reuters; AP  -  257 words
    • 187 17 It will invest in new complex and 50 new cargo vessels AFP [TAIPEI] Taiwan's Evergreen Marine group plans to invest NT$2OO billion (5510.2 billion) in the next 10 years on expansion and development, a group official on Monday quoted chairman Chang Jung-fa as saying. The group
      AFP  -  187 words
    • 372 17  -  More than 2,000 firms eligible to tap fond: Cheow Tong By Beth Jinks [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) is setting up a five-year, $20 million information technology upgrading fund for small- and medium-sized enterprises (SMEs). The
      372 words
    • 492 17  -  Global shipping groups hold talks amid mounting political pressure By Donald Urquhart [SINGAPORE) In the face of mounting regulatory pressure, four global shipping organisations continued their ground-breaking dialogue in Seoul last week in a bid to reach an industrywide consensus on quality standards for newbuildings.
      492 words
    • 741 18  -  STRAIT TALE By David Hughes ANYBODY relying on the general media for their understanding of the shipping industry would probably be surprised to learn that the number of casualties is getting smaller, notwithstanding the occasional headline-grab-bing event. Delegates
      FILE PHOTO  -  741 words
    • 3 18
      3 words
    • 3 23 thebusinesstimes
      3 words
    • SHIPS IN PORT
      • 594 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CAGAYAN 32 J5 A/SIDE 08/10 2300 DELMASCHARC 347W J17/18 A/SIDE 08/10 2300 J BETTER 0310 J14/15 A/SIDE 08/10 0400 J P HARAPAN JB102 J4 A/SIDE 08/10 0700 RUBIN STELLA 61A J22 A/SIDE 08/10 1500 SINDORASERA 101/03 J15 A/SIDE 08/10
        594 words
      • 2 25
        2 words
      • 140 25 Out 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 20 Taiwan: Retrocession Day. Oct 27 Brunei: Awal Ramadhan. New Zealand: Labour Day. Oct 31
        140 words
      • 418 25 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
        418 words
      • 25 25 r r iT-'nirtiiwiniiiii j^lwi^r m R y. C—|ilw f» f "I I -f'-^'^lnllMlllllll TUMfcu. Om-lINONi Ttfn: NHM DNV UM. *NC OtTVMT-tm.
        25 words
    • AIR & LAND transport
      • 430 26 But analysts doubt it will succeed any time soon, citing SIA's failed bid Bloomberg [HONG KONG] Cathay Pacific Airways said it will seek rights to fly between Australia and the United States when Hong Kong and Australian officials hold talks on an
        Bloomberg; FILE PHOTO  -  430 words
      • 340 26 Rates stabilising, demand for smaller aircraft rising AFP [DUßAl] The global aircraft leasing industry has weathered the worst of the aviation sector downturn with rates and values stabilising and demand for smaller, newer aircraft increasing, an industry conference heard on Monday. "After three difficult
        AFP  -  340 words
      • 286 26 Star Alliance will remain biggest partnership; Lufthansa CEO Reuters [FRANKFURT] Germany's Lufthansa said it would rather invest in new planes and products than spend money on taking over other airlines despite last week's tie-up between Air France and KLM. "If we had the choice
        Reuters; FILE PHOTO  -  286 words
      • 261 26 Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's third-biggest airline, is investing 300 million euros (*****.7 million) to install massaging seats for businessclass passengers, as it seeks to attract more premium-fare travellers. The new seats will be added to the company's long-haul fleet of Airbus
        Bloomberg  -  261 words
      • 43 26 [NEW DELHI] Journalists and officials boarding the metro train at the inauguration of the second phase of the Delhi Metro Us line last week. The second phase of the 4.5 km long stretch has cost US$l2B million. AP
        AP  -  43 words
      • 341 26 Airline to begin services to Singapore and Koala Lumpur this month AFP [HANOI] Vietnam Airlines recorded a 1.7 per cent year-on-year increase in passenger numbers in the first nine months of 2003 despite the Sars crisis, the company said yesterday. The airline carried 2.8 million
        AFP  -  341 words
      • 337 26 MRLMKCOOeS M Amman Artms(AALJ. Af to hma (AFR) A! to MM (AJCy AY Fmr O,(FM) AZ «HMk (AZAL BA BritshArifs PMtc LMOo BnrmtotmS+BßdflW). BOBoinqtotm (BOU) BR CVAAmrsCcxpnlFVA) CAtoOmi <cca). a *»ui mi.mmi (QSj. a dmm Artms LM(CAL). CS to Mlcramm Ik (AMI) CV Opota/Mw MMM SA
        337 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 851 18 1 TP USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I VfSSft |¥PT |w TOAUBTWALIAfAUBTfULIAAB«AEXPHEB«i nonuorsoE w/11 wo |wo wo si/io wo wo oi/ii fp Vissa vor iusm'l kg m m $ro m am ooauumw iv» wo I ji/io 04/11 07/11 05/11 oyii mfm 5s os/iT 07/10 Iwo wio ii7ir~24/ir
      851 words
    • 427 18 Lines services represented by r,. <-^siil Mwlb^of,h Ra9i,,ryof Sinoooore Loaisftcs MM AcaedHed Shipping Agerh, Singapore Shipping Association "|g ULY UNI MALI f rtssa VOY ETA ru ETA P.KIAHG STOtl MOU Mold Comer 742 A 13/10 15/10 24/10 Princess Lily 1003 23/10 25/10 03/11 Mold Star 543 A 03/11 05/11 13/11
      427 words

  • Page 19 Advertisements
    • 1275 19 TO EUROPE FROM EUROPE vtssa Ivor sw on miwHamv iai iw llvcsa [vot m am mm m sou uw sw~| Aft DENMARK 109W 09/10 29/10 11/1027/10 AfIMAM 1051 IVW Sffl wot priority oofwio/io »/io »/io 31/1001/11 Kruwrr 11*20/09 n/w 11/10 HYCOMUNQ 10WM1/10 31/10 08/11 04/11 29/10 mXltmaa *****5/09 -27/09 S/W
      1,275 words
    • 2204 19 COMTAINIRiSCD SIRVKIIO ST. PETERSNRG, KAiJMNGRAD. I MOSCOW t UUFiLIMMM GOttAl Mom M SMUratf: M IOOOBON 10 fll-M Um/HCS TB_ *****157/4J FAi 47M5171/74 I mT| COSTAR SHIPPING MI LTD smmkmm ourmnv/u mimmi uns»i/7i I RIGA, LATVIA attllTWlfiL nkUM IWIMM9 MWAIO(B 0) *****714 47MS1U/44 I TAIIML KTOMU T/SMPOW *****175 42MSJ14/44 I pwwt
      2,204 words

  • Page 20 Advertisements
    • 796 20 |%E| mm A O ENOUimn/BOOKINOS: *****344 FAX: *****433 l-MAJLi d«lma»»d«lmM.CDW.»9 UCLIYIMO DOCUMINTATIOMS/OraiATIONS: *****637 FAX: *****177 jvcsa lUAMM UWFVIUiAWUA* TUU TIWOJI (OTOWOU U»k DOUAUOUtt Mns K«|mlm 341W 11/10 2VIO 31/10 M/ 11 05/11 04/1) 04/11 M/ 11 10/11 11/11 IS/1) 27/11 St— OOSW 13LOO 24/10 lt/11 07/11 17/11 11/11 U/ll 6dyM—
      796 words
    • 1334 20 WAN HAJ NTKNA-nONAL PTI LTD atKk I4«»*****/t VW\ WAN HAI LINES V 11 y ffflll Imi hlllij win nw—Kfcwacaif m:>onMwi»f<imww MKmßiaißMftmßMiiiai&WDßiMnwbwiiißm/amai www f ii cr«.mßMi«wb«nitmmM«:n«M/n*si unun ■"■■l aBiIHUUIUHHUHBi/OWW WBM4 K IWT M TTO TM IWS MO TBI rann ftn -—hnmruu-m —aur-im Immhnbi mo 07/10 wn ww nn/H 14/10 in# i;/w
      1,334 words
    • 602 20 BSAi MYANMA ■B FIVE STAR UNE (Mvmmmt Notiood Um) L»od)a| far Y«m|m VBSE VOT SM PU PW PGU PAGAN JO4W SID HPA-AN SO7W SID IN MAIATSU: tOUSTUD SHIPPING ACCHCIIS KUL 03-*****900 PIL 03-317*4101 PtN: 04-2****** BANK LINE Mrvki 1 NORTHBOUND TO EUROPE V CONINNBt, WW, MIX ft HUVYUFTS VBSfi SM
      602 words

  • Page 21 Advertisements
    • 1447 21 IViSSii VOY KHH HKO I SIN PKL I DX6 I 6A6 IPMM IK MAN HOCMOZOAN Pd 332 09/10 10/10 13/10 14/10 21/10 22/10 29/10 31/10 CAM RIO Pa 3007 SKIP SKIP 17/10 1«/10 23/10 26/10 02/11 04/11 MAN YAMIN PCL 8006 SKM SKIP 20/10 19/10 29/10 30/10 07/11 09/11 MANORMAN
      1,447 words
    • 615 21 I I UK CONTINENT SERVICE Loading for ARCHIMEDES RTM/ATW/BMN/U K/NAN OCEAN TRADER RTM/ATW/BMN/U K/NAN Load 6 Stng6pore, E-/W. IndonwM MIDDLE-EAST SERVICE Loading for PANORMOS PRIDE D6I/ABU/DOH/BRN/DMM/KWT REGINA V HDD/JDH/AQA DORIAN STAR DBI/ABU/DOH/BRN/DMM/KWT MARAKOT NAREE DBI/ABU/DOH/BRN/DMM/KWT Xoad6 Singapore, EJW. Malajm Indoneeia USA SERVICE Loading for GIORGOS CAM/NFK/SAV/NOL NENA J VCW/LAX/MZL ANTUCO
      615 words
    • 905 21 _ffisa 3m m m jbssl ai mum urn hzu sszii_ jh mi os/io 47/ ii hcumu \sm 84/15 W/H -HUUUI W1 w/ia n/ia mcoam mm 0»/10 o*/io -nutm mi ii/io u/n mum iosin 577T0 ***** ion u/ie n/n pac iamda HSU MZU M/U •^g—i<ah=jffl==mfc ■SSB SSiS 'M Bft- -»fIH w-zfr^Hia-a.
      905 words

  • Page 22 Advertisements
    • 542 22 I neaißDtt 12* 1112/10 17-11/10 is-m/io I IKB SUMS 174 M 14-15/10 11-23/10 71-21/10 I I 1)69 SKY 125N lt-lf/10 24-25/10 01-02/11 I I IK9SEA 12M 21 22/10 20-10/10 04-05/11 I I^Bsa^^vw^sr^^cSisSri TBK iii SRS7T3 IST77TC I J ULSAM 142 09-10/10 17-11/10 20-29/10 I nsasran 075 14-wo 2123/10 01-01/11 1
      542 words
    • 913 22 FREIGHT LINKS EXPRESS PTJkLTIK 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 CTR LI E-mail: flesin@sinqnet.com.sq LCL SERVICE TO JAPAN/INDONESIA/PHILIPPINES 3 I •OSAKA 'KOBE CEBU JAKARTA A f|| YOKOHAMA NAOOYA SURABAYA MANILA TOKYO usd Booking 6267# JH3|H|Pag 5565/4694/5535/5500/5541/5506/5569/5560/5363/5514 PROJECT Or HEAVY LI FT
      913 words
    • 1170 22 lib IPDZ LINES WJf CUSTOMS SfltVKt IE: 02-0221-55H ML 02-0237-0110 fc#Cn SMGATOtt: TONS JOO SMPPNOG PTI OT >■ J n KffMAI CONTAJHIKtSCB RRVKIS TO MALAYSIA, BKMKI, MYANMAB AM VHTMAJi wm» wr nm m mm w mw ■> woo m mm m mm m mn auu Mm«>si 3ios ot/io io/io fat
      1,170 words
    • 227 22 ft BiWfIWM BREAKBULK CONVENTIONAL SERVICE DIRECT SUtVKX FROM S'FORK TO KARACHI ivpsa I voTAg fikvmiHM SI 1 OIIHW 15/10/03 M/10/P3 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood 917-07/00 Aptx Tow, Rpp— *****5 T«Uphon« 6270 0977 V II FocsMU: *275 2309 VH T«lmc K> ***** StAEAC PjMCT UN NAMPO, PJJR. KOREA
      227 words



  • Page 25 Miscellaneous
    • 109 25 j|||fh Issued by Meteorological Service Division,NEA LEGEND: 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 Hazy -One solid triangle represents 50 knots D Centre of Tropical Depression,max
      109 words