The Business Times, 14 October 2003

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Total Pages: 24
1 24 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (PLQ24A>3/2003 Internet: http://business-times.asial .com.sg SING APORE TUESDAY. OCTOBER 14. 2003 85C
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  • 806 1  -  Remisier contracts, pricing of cornered stocks among other main changes By Wong Wei Kong [SINGAPORE] A new mechanism to settle the price of cornered stocks and rules to ensure the integrity of research reports are two of several important changes to the Singapore
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  • 71 1 Dsn 1,750.78 (+4.74) ST INDEX FUTURES 1,755.00 (-5.00) SIMSCI FUTURES (+0.40) Monday Change KLSECOMP 791.74 +1.1# NIKKEI 225 Closed HANG SENG „.l 1.***** +2614 SET INDEX 578.59 3.56 JAKARTA COMP .644.43 -0.38 MANILA COMP .1,184.43 +39.23 TAIPEI WPI 5,972.47 > 102.59 SEOl LCOMP 757.02 -0.87 SHENZHEN B 249.61 4.92
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  • 76 1 FOREX RATES US$ S$ I'SS (SSperlSS) 1.723 £(1JS$/S$ par 1.661 2.861 ETRO(IJS$/S$/E). 1.173 1021 YEN 108.4 6190 RM 3.800 1206 HKS 7 735 4 490 BAHT 39.19 2175 WP1AH 8372 4.860 RENMINBI 8199 4.817 INDIAN RUPEE 45.36 26 33 AS 1.452 0.843 NZS 1676 0.973 PRIME RATES SINGAPORE* .5.25
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  • 555 1  -  Denmark sets global standard in World Bank survey with zero regulatory cost By Siow Li Sen [SINGAPORE] Starting a business is rather cheap in Singapore and a World Bank survey shows only six countries are cheaper. Start-up costs as a
    Source World B k  -  555 words
  • 1098 1  -  WORLD ECONOMIC FORUM Radical changes in the economy are making the recovery stick By Vikram Khanna [SINGAPORE] No doubt you've heard this before, but this time it's different. This time, it's for real. After 12 years in the pits, countless failed
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  • Page 1 Advertisements
    • 146 1 i Simon Cheong ups SC Global stake to 70% PAGE 4 jHnV \rl I J Is the printing company, now under V new management headed by CEO Urn Chin Tong, worth a second look as a HL. recovery stock? SMALL CAPS, Pg 7 REPORT, Page 2 81LI wmmmmmmm more reports
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  • NEXT page
    • 329 2  -  This will result in 2,500 extra telecom jobs in Singapore by 2005, Boon Yang tells forum By Andrea Tan [SINGAPORE] Singapore's telecommunications industry will ring in an extra 2,500 jobs from new telco licensees committed to investing US$2 billion by 2005, Minister
      329 words
    • 428 2  -  He also explains why OCBC is selling Robinsons stake By Siow Li Sen [SINGAPORE] The controlling shareholders of OCBC Bank, the Lee family, are not selling the bank, chief executive David Conner said yesterday. Mr Conner's comments on the family's
      428 words
    • 608 2  -  Valuair to sell seats via DBS ATMs and AirAsia ties up with DBS, SingTel By George Joseph [SINGAPORE] Regional budget carriers continue to change the rules of the game for the airline industry. In the latest coup, Singapore's Valuair yesterday said its tickets
      608 words
  • Page 2 Advertisements
    • 94 2 Incorporation services in ail major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Aidan Healy or Simonne Toh T: +65 6535 3382 F:+6s 6535
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    • 5 2 Smaller telcos upbeat, Pg 15
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  • Page 3 Advertisements
    • 213 3 ft itr\ to y\lyir rm\ Mil tßn n Bang A Olufsen. BeoLab S pfOKids you with sound dispersion and advanced room adaptation you will experience the same sound everywhere In the room. Together with the BeoSound 9000 music system you have everything you could wish for. Six individual CD stations,
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  • SINGAPORE companies
    • 732 3  -  HOCK lock siew wong wei kong WILL business resume now that the bickering has stopped at Ipco International? Last week, a revolt by a group of minority shareholders was put down when their bid to oust Ipco's entire board was overwhelmingly outvoted at the
      Source: Bloomberg  -  732 words
    • 583 4  -  His deemed interest in the property firm hits 85% and may lead to privatisation By Ven Sreenivasan IN a move that points to possible privatisation of the mainboard-listed SC Global Development, entrepreneur Simon Cheong has raised his personal stake in
      Source: Bloomberg  -  583 words
    • 554 4  -  Latest purchase came from firm's placement of 20m new shares at 33 cents each By Serena Ng "POPIAH King" Sam Goi looks to be developing a coffee addiction to a rejuvenated Super Coffeemix Manufacturing, which recently saw a strong earnings surge for its
      554 words
    • COMPANY Briefs
      • 56 5 MAINBOARD-LISTED Singatronics Ltd yesterday named Wong Siu Kay as an executive director with immediate effect. Mr Wong, 44, will manage the company's investments in hotel, leisure and property businesses. Mr Wong was managing director of Grandy International, which deals in environmental protection products and contracts,
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      • 101 5 MAINBOARD-LISTED Allied Technologies yesterday said its wholly-owned subsidiary, Allied Electronics (Shanghai), has tied up with a Taiwanese multinational corporation to acquire the technical know-how for production and assembly of LCD monitors. The company will invest about $1.9 million in the venture, to be funded
        101 words
      • 87 5 THINGS are improving at Neptune Orient Lines (NOL). The shipping line said yesterday its liner and logistics operations turned in higher volumes and rates for the four weeks ended Sept 19 compared with the same period a year ago. Average freight rate rose 24 per
        87 words
      • 92 5 HG Metal Manufacturing said it has inked a memorandum of understanding with Super Marine Supplies and Lingco Shipbuilding (part of the Lingco Group) for the sale of steel products of up to $5 million a year. Super and Lingco Shipbuilding will buy
        92 words
      • 80 5 ASCEND AS Real Estate Investment Trust (A-Reit) said its latest acquisition of Ghim Li Building at Changi South will raise its net property income by $1.19 million in the first year of ownership. There will be a stepped increase of 9 per cent in
        80 words
      • 96 5 CNA STARHUB chief executive Terry Clontz said the mobile phone and pay-TV service provider will put off IPO plans until possibly 2005, saying it is still not profitable. While StarHub's mobile phone business is profitable, its pay-TV business is still in the red after its merger
        CNA  -  96 words
    • 458 5  -  Korea's KT Corp emerges as favourite telco in Morgan Stanley survey By Angela Tan SINGAPORE Telecommunications has the most transparent management compensation plan among the Asia-Pacific telcos Morgan Stanley surveyed on corporate governance issues but Korea's KT Corp is its favourite regional telecom stock. The US
      458 words
    • 381 5  -  Directors exercised outstanding stock options last week By Serena Ng THE last day of trading for Omni Mold saw the shares of the Sesdaq-listed plastic mould maker soar to a record high, as investors plunged in hoping to benefit
      Source: Reuters  -  381 words
    • 347 5  -  By Serena Ng ELECTRONICS contract manufacturer PCA Technology yesterday posted modest first-half net earnings growth, but said it is experiencing a surge in orders and will be increasing production capacity. The mainboard-listed firm, whose major customers are Creative Technology and Hewlett-Packard, reported an
      347 words

  • Article, Illustration
    1054 4 Transaction date: Oct 13 v AS CS »■> Cure MS NX it »aptak Vm Wm Mi IBS Mb Nw SS land Sir Wtt 8att Pwd Australia 0.912 5.716 0.587 5.327 31.242 57.(62 0.747 7.900 2.617 1154 39.589 ***** 1186 4.811 0.909 23.211 26.996 046 0.689 Canada 1097 6770 0.644
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  • Page 4 Advertisements
    • 1112 4 Notices I CHOSEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) kOTtCE IS HEREBY GIVEN that the Fifth Annual General Meeting of CHOSEN HOLDINGS LIMITED (the rCompany") will be held on Friday ,31 October 2003, at 17 Woodlands Terrace, Woodlands East Industrial Estate, Singapore *****2, at 10.00 am for purposes
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    • 345 4 IN THE MATTER OF XMfcCOMPANIES ACT, CHAPTER 50 HARDING LAWSON SINGAPORE PTE LTD MEMBERS VOLUNTARY LIQUIDATION At an Extraordinary General Meeting ol the Company convened and held at 98-1247 Kaahumanu Street. #305. Aiea. HI *****, Hawaii. USA on 8 October 2003. the following resolutions were duly passed 1. SPECIAL RESOLUTION
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  • Page 5 Advertisements
    • 84 5 UBS Verbier Festival Youth Orchestra Dedication, passion and talent are essential ingredients of exceptional performance. The UBS Verbier Festival Youth Orchestra's tour of Europe and Asia will bring together outstanding young musicians from 35 countries performing with leading international conductors and B[fjillliytl[lilllliCiCl soloists promise of an enthralling experience for audiences
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  • SINGAPORE markets
    • Article, Illustration
      647 6  -  Compiled by VEN SREENIVASAN Singapore Press Holdings, Oct 13 cu« $19.90 PRE-TAX profit from operations would have been flat at $311 million if not for a $20 million donation to the Press Foundation of Singapore. The stock trades at a 1.7 per cent discount to SOP (sum-of-parts valuation)
      Source: Bloomberg  -  647 words
    • 267 6  -  HOT STOCK WARRANT By Ven Sreenivasan WHILE most regional stockmarket indices have zoomed north by 30-50 per cent this year, the Kuala Lumpur Composite Index has managed a "paltry" 20 per cent. And most of that has been in the past
      Source: Bloomberg  -  267 words
    • 541 6  -  BT comment STOCKS ven sreenivasan LATE support for selected blue chips helped the Straits Times Index post its eighth consecutive gain to close at a 17month high yesterday. But the broader market was mixed and somewhat lethargic following last week's frenzied run-up. Nevertheless, brokers
      Source: Bloomberg  -  541 words
    • 626 6  -  BT comment CURRENCIES US$ rebounds after hitting 4-month low against S$ larry wee THE US dollar bought itself breathing space yesterday afternoon, but only after it was first driven down to an 11-month low of 108.30 yen and a four-month low of 551.7175 in earlier
      Source: Reuters  -  626 words
    • TRADES TO WATCH
      • 111 6 US fund manager Fidelity Investments has become a substantial shareholder of networking and communications systems integrator Datacraft Asia, following its purchase of 3.79 million shares or a 0.82 per cent stake. The shares were bought by Fidelity's funds and subsidiaries at US$1,262 apiece on Oct
        111 words
      • 124 6 THE shareholding of Freight Links Express Holdings' former chief executive officer David Lim Teck Hiang in the logistics group has been reduced to 15.8 per cent from 18.1 per cent, following a sale of 12 million shares at 15.53 cents apiece on Oct 10. The
        124 words
      • 102 6 RAVINDRAN Govindran, deputy chairman and director of Horizon Education and Technologies, has sold another 2.016 million shares in the group. Mr Govindran, also co-founder of the firm, sold one million shares on Oct 9 at 21 cents apiece, one million shares on Oct 10
        102 words
      • 119 6  -  Compiled by SERENA NG KEPPEL Corp yesterday said it has sold 20 million shares or a 4.71 per cent stake in Singapore Petroleum Company (SPC) for $1.50 apiece. This $30 million sale is part of the first tranche of its shares sale. Keppel announced earlier
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    • Article, Illustration
      412 6 OTHER SINGAPORE INDICES Oct 13 VALUE CLOSE BT OB/OS 484.00 +118.00 BTCADI -*****.00 +112.00 BT 10-day MA -*****.00 +48.00 M-SG Equities 478.95 +1.13 SG Equities Elect 177.59 +3.07 S6 Equities Fui 1503.12 +7.77 S6 Equities Prop 458.13 +3.30 MSCI Singapore 216.83 +0.70 SiMSC! Futures 218.20 +0.40 Stocks Volume Vikaylnd5c 62,599,000
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  • SMALL caps
    • 934 7  -  Despite its history, the counter may be worth a fresh look as a recovery play, especially now bulls are sighted in the markets, says ANGELA TAN ANGELA TAN ALTHOUGH barely five years old as a listed entity, printing company Xpress Holdings has a history that
      ARTHUR LEE  -  934 words
    • 261 7  -  By Kenneth Lim OUR recently-created small market capitalisation portfolio out-performed the blue-chip benchmark Straits Times Index over the past week, but fell short of the small-cap UOB-Sesdaq Index. Both the STI and UOB-Sesdaq reached 2003 highs yesterday. The STI gained 32.89 points, or 1.9
      261 words
    • 189 7 COST BIO PRICE (S) UNITS VALUE ON OCT 13 (I) ACCS 0.66 0.665 7,000 4,655 Amlek 1.51 1.6 3,000 4,800 Cosco Investments 0.545 0.575 9,000 5,175 Courts 0.575 0.65 8,000 5,200 Eastern Asia Tech 0.69 0.73 7,000 5,110 Europtronic 0.435 0.47 11,000 5,170 Full Apex 0.755 0.755
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  • Page 7 Advertisements
    • 70 7 HONOURING Herbert von Karajan H Bl m M Hi I I Montblanc is proud to unveil a special edition pen in honour of Herbert von Karajan- celebrated artist, producer and philanthropist.The design reflects the man in its charismatic and multi-facetted construction. The Montblanc Herbert von Karajan special edition writing instrument,
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  • Page 8 Advertisements
    • 46 8 the complete shipping service 70,000 vessels transit the Western entrance to the Mediterranean each year. More and more of these ships are making use of the comprehensive range of services offered by the Port of Gibraltar, which include: "-L- I|. 1 l.i l I I iPrTW^
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  • SINGAPORE news
    • 305 9  -  EYE on the economy prices By Daniel Buenas REFELECTING Singapore's brighter economic outlook, wholesale prices generally rose in August for a third straight month. The exception was the export price index, which declined marginally. According to the Department of Statistics, overall wholesale prices
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    • 497 9  -  WORLD ECONOMIC FORUM By wanting to be political player, Taipei has closed doors, he says Reports by Chuang Peck Ming SINGAPORE would have done a free trade deal with Taiwan, had it not been for Taiwan playing politics. Senior Minister Lee Kuan Yew revealed
      TERENCE TAN/ST  -  497 words
    • 374 9 BG Yeo says Apec can help usher WTO trade liberalisation talks back on track THE collapse of the global trade talks in the Mexican city of Cancun opens the way for Apec which accounts for nearly a third of world trade to take
      374 words
    • NEWS Roundup
      • 51 9 THE Monetary Authority of Singapore (MAS) said it has signed a regulatory memorandum of understanding with the Securities and Exchange Board of India (Sebi). Under the MOU, MAS and Sebi agree to provide assistance and exchange information necessary for the investigation of offences involving securities and
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      • 59 9 SINGAPORE will host the 28th General Assembly of the International Organisation for Standardisation (ISO) in 2005. This is the first time the ISO General Assembly is held in South-east Asia. The ISO aims to promote the development of standardisation and related activities in the world
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      • 78 9 THE International Advisory Panel (LAP) of the Monetary Authority of Singapore met yesterday to discuss strategies for the island's financial sector. The IAP, chaired by Second Minister for Finance Lim Hng Kiang. said the global trend of outsourcing and offshoring of back and middle office
        78 words
      • 75 9 SENIOR Minister Lee Kuan Yew will travel to Germany, France and the United Kingdom from Oct 14-29. In Berlin from Oct 14-18, Mr Lee will attend the JP Morgan International Council Meeting. He will visit France from Oct 18-24 to attend the Executive Committee Meeting
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  • 1548 9 SICOM FUTUHES Oct 13 RUBBER Futures (Ctosng prices) RSS 1 (S centsA?) Close Volume Open Month High Low Sett (tonnes) Interest Nov 03 214.50 Dec 03 214.50 Jan 04 215.00 Feb 04 ***** RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Nov 03 123.50 *****
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  • Page 9 Advertisements

  • 3620 10 UNIT TRUSTS FUNDS Commanbank Asset Mat Com Global Finance indei Fd 089* u < T Ll> Com Global lifestyle index Fd 0.92* ABM Ainro ACMt Mgt (5 para) Com Global Health Index Fd 0825/ Sarttfopetqly! 0.677 Com Global Telecom lnde» Fd 045/ Star tirope Bond 126* Com Global nfotecmde»fdl" 0
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  • FOCUS property
    • 1259 10  -  Office property investors should keep their fingers on the pulse of regional markets as they grow ever closer, says YU LAI BOON YU LAI BOON Analysing the office sector by focusing on the local market alone is no longer the way to go, as regional economies become ever
      AFP  -  1,259 words
  • Page 10 Advertisements
    • 286 10 MARKET STREET Raffles Place Grade A offices 2 minutes to SJt MRT Station Flexible sizes M from 1,000 sf to 1 9,400 sf Wk J 1 Fitted or bare offices for Hi immediate Attractive rents Call Joint Sole Marketing Agent Ibirj Debenham J |H Tie Leung OUR FEATURES: 1 or
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    • 87 10 f Jones Lang WJ LaSalle. Near Potong Pasir MRT j 2 land paresis totaling I*l iwooohishcm« 72,549 sq. ft (approx) 1117*5? 7 rr iron s m W Plot Ratio 2.1 II Invitation to buy 1 or 2 parcels 1"! ™?Wf/ 1 1 IT ANOMWS I S I 5 mins walk
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    • 34 10 PRIME EAST COAST Private Treaty Sale l %cT~ Resicienti al Site va Close to Chinese Swimming Club Freehold Plot ratio 2.8 Land area approx 22,791 sq ft Popular location Contact: Leong Whye Mon/Jeremy lake
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  • REGIONAL news
    • 391 11 SINGAPORE Chairman repeats it will close in Feb 2004; govt will sell remaining assets Bloomberg Reuters THE Indonesian Bank Restructuring Agency plans to complete the sales by yearend of as much as 95 per cent of the assets
      Bloomberg; Reuters  -  391 words
    • 199 11 KUALA LUMPUR Bloomberg ASTRO All Asia Networks pic, Malaysia's pay-televi-sion monopoly, said individual investors applied for about six times the number of shares offered to them in a US$534 million share sale, South-east Asia's biggest this year. Individuals, including customers, distributors and
      Bloomberg  -  199 words
    • NOTE Book
      • 79 11 Reuters [KUALA LUMPUR] Malaysia International Shipping Corp yesterday said it had ended talks to seU its 37 per cent stake in Affin Merchant Bank to KAF Group. MISC did not say why the talks were terminated. It said last month it had agreed
        Reuters  -  79 words
      • 83 11 Bloomberg [JAKARTA] Indonesia's overseas investment approvals rose 3.7 per cent to US$6.l6 billion in the nine months to September from U555.94 bUlion in the year-earlier period, figures from the Capital Investment Coordination Board show. Trading and maintenance involved as many as 286 projects of the
        Bloomberg  -  83 words
      • 74 11 Reuters [BEIJING] China's economy wiU finish the year in strong shape, but growth wiU ease slightly next year as the trade outlook darkens and the government moves to rein in heated industrial investment, a Reuters poll showed. On average the poll of 10 economists forecast
        Reuters  -  74 words
    • 211 11 SHANGHAI AFP CHINA is set to launch its first money market fund by the end of the year, potentially adding to the limited number of investment channels for mainland investors, the China Daily reported yesterday. Pending final approval by China Securities Regulatory
      AFP  -  211 words
    • 224 11 His Utara Capital is keen to bid for the Indonesian textile firm Bloomberg [JAKARTA] Mirzan Mahathir, the eldest son of Malaysian Prime Minister Mahathir Mohamad, said he's keen for investment company Utara Capital Sdn to bid for control of Texmaco Group, Indonesia's largest textile company. "We're
      Bloomberg; FILE PHOTO  -  224 words
  • Page 11 Advertisements
    • 67 11 the Luxury of winning [f a Mamifa I 1 is now in r .11 your hands. I I The Namiki Limited Edition AD2OOO Zodiac Red Fountain Pen worth u |Kj| $3,400, along with 4 exquisite models from the latest Namiki Roller ■Hb Ball Range, must be won. Don't miss contest
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    • 3466 11 OSIN SOON HUAT LIMITED *3 (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Twenty-Seventh Annual General Meeting of the Company will be held at the Conference Room, 19 Jurong Port Road. Singapore *****3 on Friday. 31 October 2003 at 10.30 am for the following purposes: ORDINARY
      3,466 words

  • EDITORIAL & opinion
    • 822 12  -  THE bottom line OPINION prem shankar jha INDIA'S fledgling financial services community is in seventh heaven. Share prices are rising on an express elevator. Foreign portfolio investment is pouring in. Ever myopic, the money market managers are describing the appreciation as a sign of India's
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    • 87 12 'It's primarily about showing the world; it's about prestige. It's a vindication of their political system.' Brian Harvey author of a 1998 book about the Chinese space programme, on China's plans to become the third nation to launch an astronaut into space. 'We expected it. They have
      87 words
    • 582 12 EDITORIAL IT MIGHT seem overly optimistic, even naive, to talk of a boom given the stillsluggish economy. Booms, unfortunately, aren't always powered by fundamentals. That's when they become bubbles —booms with little basis. Alas, it would seem that another bubble is a distinct possibility in the region.
      582 words
    • 1399 12  -  What happened to the governor in California could be the fate in 2004 of George W Bush a War President who's all at sea as an Economy President From Leon Hadar in Washington THE first Gulf War took place more than 10 years
      REUTERS  -  1,399 words
  • Page 12 Miscellaneous
    • 304 12 CRYPTIC CROSSWORD 7 Well made by eccentric En- glish artisan (8) Pf j T 9Go ahead, like a well-con- LgJ 10 Somewhat strange to build such a dam (4) 11 Scream "Obscene to Jill way kind of tradesman (6) Find money for a fine car (6) Hi 20 Unseemly struggle
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  • REGION world
    • 337 13 TAIPEI Govt launches probe after cash stolen from seven banks AFP TAIWANESE authorities have launched an investigation into a scam involving the withdrawal of millions of Taiwanese dollars from cash machines which has sparked panic among the public, officials said yesterday. "The National
      AFP  -  337 words
    • 223 13 TAIPEI FT TAIWANESE banks have bought a large part of the record US$6.3 billion of convertible bonds issued by domestic companies this year, a move that could threaten the island's banking system. Experts said the practice is risky because banks end up lending funds
      FT  -  223 words
    • 356 13 NEW YORK Reuters THE buzz is biotech in the US at least as far as initial public offerings are concerned in the fourth quarter. "Despite a rather lacklustre performance of the stock market these last couple of months, biotech is expecting a big fourth quarter,"
      Reuters  -  356 words
    • 305 13 CHICAGO It also said Q4 profit will top analysts' estimates Reuters Bloomberg MOTOROLA Inc, the world's No 2 mobile phone maker, yesterday posted a quarterly profit that was twice Wall Street estimates on higher sales due to surprisingly strong demand for its cellphones.
      Reuters; Bloomberg; BLOOMBERG  -  305 words
    • 483 13 SEOUL Korean lender gives rare chance to gain entry into country's banking sector Reuters ACQUISITION rumours are swirling around Koram Bank, one of the few options available for foreign investors looking into Korea's banking sector. British-based Standard Chartered, global bank HSBC Holdings
      Reuters; Source: Bloomberg  -  483 words
    • WORLD Watch
      • 74 13 Bloomberg [NEW YORK] Morgan Stanley named Stephan Newhouse, now co-chief of the firm's investment banking and trading unit, to succeed Robert Scott as president. Mr Scott, 57, who is retiring on Dec 1 after 33 years at Morgan Stanley, will stay on its board. Mr
        Bloomberg  -  74 words
      • 105 13 Bloomberg [SEOUL] Sotth Korean President Roh Moo Hyun will seek a vote elf confidence from his electorate in a mid-December poll, hoping to win a mandate to forge closer ties with North Korea and tighten regulation of industrial groups. Mr Roh said he would resign
        Bloomberg  -  105 words
      • 81 13 Reuters [NEW YORK] The Nasdaq Stock Market and the New York Stock Exchange have agreed on rule changes for governing the independence of the boards of the companies they list, the Wall Street Journal reported yesterday. The Securities and Exchange Commission had insisted that
        Reuters  -  81 words
  • Page 13 Advertisements
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    • 212 13 /SAVf TAX Our qualified professionals can assist you with offshore structures, shelf companies mjjjjrt and incorporations in ALL jurisdictions inducting: 0 British Virgin islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection
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    • 190 13 oHFEB MIKCH! tjuroftmLi S. yJM (U q_ Lunch Pbil to 12noon 2.45pm 3LJ SSls.9o+++ Ssl7.9o+++ U O) Pinner C _ci 6pm-11pm fD A Special Express Theater Menu available (6pm Bpm) w For reservation please call us at: Tel: (65) 6334 5590 .C Fax: (65) 6334 5591 8 Raffles Avenue #02-23
      190 words
    • 240 13 nGdtotfeimWKß IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF ING FUTURES OPTIONS (SINGAPORE) PTE LIMITED (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50, 1994 Ed), the Final
      240 words

  • 4977 14 Transaction date: Oct 13 HONG KONG Wol HK Exchanges A Clearing 16 50 0 05 2789 HKS W- 000 HKRInt'l .2 70 0 05 3256 H K and China Gas 10 45 -0.15 ***** Aeon Credit 4 48 0 03 190 Hong Kong Electric 29.90 0.05 5799 Aeon
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  • 2280 14 S Transaction date: Oct 13 KUALA LUMPUR J m fooo) George Kent .0.82 -0.03 6804 GlobetromoTcch 5.80 unch 326 AIM Realty 1.53 0.03 1630 5!STf^ fnoro 0 44 0 02 577 Ahnc 1.05 0.01 410 GokJ Bridge Engrg 0 44 0.02 577 ACPIndurtnes 3.20 unch 65 3 3 0
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  • 717 14 Transaction date: Oct 13 wiwitt &40 i.ne ««jae n«vmi *x 041 urn cic «m UK csc ooc M iUM CMU«I I JO 1710 out 0 45 «S00 -O'OC OwiMmUk ISO in *4 BOO Fwk*wH25c Q« 0*0 -oon L23 UU *4.200 NwiPnxiMCiCk DM I TO .C01S Coo*ivMa«25i I.U OTM OfH
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  • 616 14 BONDS WARRANTS Prea Expiry Tal List Vol Com Uk CMk tear- Mtks C—« Clap if Ht» *f COMI MH» Mm I— Uft 3698 ASTIW*****1 K5 3 1106 1 16 -5 1.54 8 3697 AanaLtdW041 IIS 1 1 SO 343 11.50 13 3602 Amtek W*****0 127 4 116 1 33 1.26
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  • Page 14 Advertisements

  • WORLD news
    • 433 15  -  ITU sec-gen sees opportunities for growth in poorer countries From Ravi Kanth in Geneva WHILE leading global mobile telecom manufacturers Nokia, Ericsson, Alcatel, and Motorola among others stayed away from the World Telecom 2003 show which began on Saturday, hundreds of small
      433 words
  • 6613 15 Transaction date: Oct 13 for live prices, log on to vvuwjasiaonemarketsjcorn 52-Wk Id Lart Vol Day tact Quota GrOiv Ot* Grtld IM MCae hmTT~ cut <*—» Sate +7- row) W#ilo»-»»Sdta> Cw %w$a 69 5 St 5834 A Sonic 61.5 +1 4577 62 61 61 5 62 21.3 173.5
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  • 1935 15 u-wt T4 Last Vai Day UrtQuMt GrtNn Ot« CrTM MM MCae I—i L— <JU» Ci«it Sa4« W- nw> W» l— In Safcr Cw M 24 7.5 5000 ABRHIdgsSc 20 unch SO 20.5 20 20 20.5 386 41 12.5 2101 APOiIScT 39 unch 1993 395 39 39 39 5
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  • 345 15 u m* Td Lad Vol 0ay LM Quote GrOte 0t» GrYM MM *J» g# I— Ca<0 r—pwy Mt w- r— WH» t— —yr 5«fc> Cw Wi U 173 M 6000 AVJennmgs A25c A172 *4 427 173 170 171 172 40 M 5J 6.5 3702 6001 Cathay Pac 20c
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  • Page 15 Advertisements
    • 204 15 iPacademy 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
      204 words

  • EMERGING enterprises
    • 837 16  -  No region is leading the race in the nanotech field, a European player tells Raju Chellam Raju Chellam TIM Harper is founder and CEO of Madrid-based CMP Cientifica, which was set up in 1997 as a spin-off from the European Space Agency. Mr Harper is one
      837 words
    • 454 16  - Nanotech the Infineon way Firm's nanotech R&D currently in Europe, but it's looking to expand Reports by Raju Chellam liNfiiNEiUN lecnnoiogies AG, Europe's second-big-gest semiconductor maker, has two R&D departments NanoProcesses and NanoDevices that work on nanotech-oriented products and processes. "Almost all our products are nanotechnology products," Reiner Schoenrock, Infineon's
      454 words
    • 244 16 SINGAPORE can gain an edge in nanotechnology R&D over the next two years because of its early lead in setting up the infrastructure to enable cutting-edge R&D for both analytical and synthetic purposes. That's the view of Jimmy Yun, CEO of NanoMaterials Technology Pte Ltd
      244 words
    • 336 16 A TWO-day international conference on nanotechnology will be held at Suntec City from Oct 30, at which some of the biggest movers and shakers will talk about the tiniest technology to hit mankind. This will be the first such conference in Asia. "Nanotech is the
      336 words
  • Page 16 Advertisements
    • 147 16 Witness how ideas are exchanged, deals are made and partnerships are forged. OCT 2003 MON 27 OCT 2003 TUE 28 OCT 2003 WED 29 OCT 2003 THU 30 OCT 2003 FRI 31 NOV 2003 SAT 01 Asian Enterprise Open Enviro Asia Photonics Source Conference World 2003 High Value CTO Workshop
      147 words

  • SHIPPING TIMES
    • 269 17 Reuters THE Baltic Dry Index rose 143 points to 4192, the Baltic Capesize Index rose 292 points to 6055, the Baltic Panamax Index rose 45 points to 4419 and the Baltic Handymax Index rose 810 points to *****. TIME-CHARTER: Eleftheria (built 1965) *****3 dwt 12 on 49 1.5
      Reuters  -  269 words
    • 286 17 SGX 000 Oct 13 SS W- Vol CH Offshore .0.40 0.01 ***** Oman Hi* 051 -0.01 4651 Coko Investment 0.58 unch ***** CWT Distribution 0.59 unch 131 Ezra Hktas 1.12 -0.01 1922 Freight Ljnkj _..0.16 0.01 ***** GB Rowings .0.72 unch 10 JayaHokhngs 0 73 unch 4489 K1
      286 words
    • 671 17  -  Challenge for coastal states to get users' cooperation: Nippon Foundation By Donald Urquhart [SINGAPORE] A renewed call for users to foot their share of the bill in maintaining navigational safety in the busy Malacca and Singapore straits was made by
      DONALD URQUHART  -  671 words
    • 519 17 World's navies step up vigilance against suicide bombers Reuters [PORTSMOUTH, England] Navies of the world have ramped up security against suicide bombers, now that terrorists pose a greater threat at sea than rogue states, according to British defence sources. The sources told
      Reuters  -  519 words
    • 157 17 AFP [CHITTAGONG, Bangladesh] Authorities yesterday battled to keep afloat a "Titanic-like" 50,000-tonne passenger ship meant for scrap that threatens to tip over and block vessels from entering Bangladesh's main port. Teams pumped water out of the 10-storey MV Ocean Breeze to try to keep
      AFP  -  157 words
    • 191 17  -  By Beth Jinks [SINGAPORE] Hong Kong has tightened safety regulations for terminal operators, stevedores and other container handlers with new Labour Department requirements. The special administrative region will require container handling players employing more than 100 staff to employ a "registered safety officer",
      191 words
    • 369 17  -  Shipping industry chief says Transport Ministry 'not effective' By Beth Jinks [SINGAPORE] The Malaysian government has been urged to set up a maritime ministry separate from its existing Transport Ministry to further develop the industry. In a broadside at the current structure, Federation of
      369 words
    • SHIP breaking
      • 894 18 Shipbreaking as practised in countries such as Pakistan is hazardous to the environment and endangers workers' safety Reuters [GADDANI, Pakistan] LIKE a gigantic steel whale 10 storeys high and longer than the Eiffel Tower is tall, the second-biggest ship ever built sits waiting
        Reuters; REUTERS  -  894 words
    • 108 18 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kyowa 5 KMTC
      108 words
    • 6942 22 THEBUSINESSTIMES EXPORT ETA ETA Adv*rtiS*r V*ss»l Voyag* T»l*phon* ETA ETA Adv*rtis*r VH!* Voyag* T*»*phon* SS 3«f Sri Nam* Numb*r Numb*f SIN D*st n Nam* N*m* Numb*f Numb*r 21/10 M/n COSCO COSCO SINGAPORE 013W 65******00 To ABIDJAN (ABJ) 2003 Cota D'I voir* 2«/10 */n China Shpg VILLE DE ANT
      6,942 words
    • SHIPS IN PORT
      • 620 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E3236 J3 A/SIDE 14/10 0030 CITRA LINE JB101 J3 A/SIDE 14/10 0600 CITRA LINE 1 JB102 J6 A/SIDE 14/10 0600 EMPRESS LILY 0503 J24 A/SIDE 14/10 0700 FCC PROSPER 2311 J8 A/SIDE 14/10 1800 HMS PREMIUM 08/2003 J4
        620 words
      • 1749 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 084N 084N 1 14/*****3-08:00 14/*****3 18:30 T01 AKINADA BR 08W 08W 1 17/10/2003-01:00 17/*****3-17:30 ALAMJAYA 2 8865 8865 1 14/10/2003-01:00 14/10/2003-06:00 B07 ALAMJAVA 2 8865 2 14/*****3-07:00 14/*****3-12:00
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      • 142 23 Oct 23 Malaysia: Deepavali. Thailand: Chulalong korn Day. Singapore: Deepavali. Oct 25 Taiwan: Retrocession Day. Oct 27 Brunei: Awal Ramadhan. New Zealand: Labour Day. octai Germany: Reformation Day. Taiwan: Chiang Kai-shek's Day. Nov 1 Philippines: Saint Day. Nov 3 Japan: Culture Day. Nov 25 Singapore: Hari Raya Puasa.
        142 words
      • 809 23 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
        809 words
      • 522 23 Carta* Oct 9 Density Water »esktoe AshAluminlum Sediment %M/H Eiaea H6/W3 »v/v m/m m/m rut iwtnoa ISO/Ciimc Limits Spec £25 991 1.0 15.0 0.10 BO 0.10 Spit G35 991 1.0 18.0 0.15 80 O.tO Northern Europe 180 Ave 982.4 0.1 tl.7 0.03 17 0.02 180 Mai
        522 words
    • AIR & LAND transport
      • 739 24 Airline ticket commissions disappearing, clients using Internet to do bookings Reuters [MADRID] Europe's travel agents will have to turn into specialised bargain-hunters and gatherers of added value if they are to survive a radical change in their habitat. Abundant food in
        Reuters; BLOOMBERG NEWS  -  739 words
      • 266 24  -  Carrier has acquired 2 new A340 planes By Beth Jinks [SINGAPORE] SriLankan Airlines will increase its services to Europe, Singapore and Malaysia with the addition of two new Airbus 340 aircraft this month, the carrier announced yesterday. SriLankan's new winter schedule will see the
        266 words
      • 114 24 Bloomberg [FRANKFURT) Fraport, the owner of Frankfurt Airport, said the World Bank will arbitrate a dispute with the Philippines government over building an airport terminal in Manila. Fraport is demanding more than US$425 million in compensation for what it alleged is the government's
        Bloomberg  -  114 words
      • LOG Book
        • 78 24 Reuters [DALLAS] American Airlines said it would recall 390 furloughed flight attendants from Dec 2 in the first significant return of its workers since the world's largest carrier's brush with bankruptcy earlier this year. The flight attendants are the most senior members on furlough and
          Reuters  -  78 words
        • 66 24 Reuters [FRANKFURT] German airline Lufthansa said its passenger traffic in September rose 0.1 per cent over the same month last year, although its aircraft were less full as the weak economy continued to hurt. Traffic rose to 8.32 billion revenue-passenger kilometres, Europe's third largest airline said
          Reuters  -  66 words
        • 88 24 AFP [NEW DELHI] An Air India passenger jet to Riyadh from the southern Indian city of Cochin was cancelled after cabin crew failed to trap a rodent on board the aircraft, an airline official said. Airport officials grounded the flight last week and evacuated
          AFP  -  88 words
      • 58 24 [HAMBURG] An employee of German airline Lufthansa riding past a Lufthansa technical support plant in Hamburg which has a placard showing a Lufthansa A 340-300. The airline will shed 2,ooojobs in Germany over the next few years, a spokesman said, as the carrier struggles with
        AFP  -  58 words
      • 204 24 Pact is expected to facilitate airlines' operations between the two territories AFP [HONG KONG] Hong Kong said yesterday it has signed an air services agreement with Macau for equal operations, including helicopter services, between the two Chinese special administra- tive regions. The agreement was
        AFP  -  204 words
      • 1775 24 on nan nt AMiMt 8*7382 22T5 $0427 0725 EH405 0210 0fB2 2215 EM04 1405 EMI) 0310 LM9770 2235 CU48 1650 S0428 2325 fMB I1» kmttrum KL837 M55 6*974 01)0 Fr«*»wt LH9762 0635 W9765 1230 K1838 2255 S025 0635 S0326 1230 <J1)A LM9764 1445 8*7305 2250 M1n
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  • Page 17 Advertisements
    • 373 17 Shipbreaking Industry hard on labour and nature an*2 PEOPLE Steve Limbrick has been appointed Oantas and British Airways Southeast Asia general manager. He replaces Stephen Thompson, who has taken over the top job for Oantas in United Kingdom/Europe. A16 year veteran of the aviation industry, Mr Limbrick relocated from Sydney.
      373 words

  • Page 18 Advertisements
    • 639 18 I IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I 9UPCT BHUTTIE EXPRESS fSSX] Vissa VOY Id SIN I*6 I oocicaufornu ii STP ru_J*__ng_ PtO NEDUOYD SOUTHAMPTON 34W39 01/10 19/10 21/10 PlO NEDUOYD ADELAIDE 69H OMIT 06/10 00/1 C 10/10 14/10 19/10 11/10 OOd CHINA 6SW4O 00/10 24/10 21/10 ANI ALBANY 23N
      639 words
    • 488 18 Lines services represented by fwUmUrt rJ #ui jfjßlft Member, of fKe RegisJry of <* |.Cg9| Accreted Shipping Agenh, N" 1 S-figapore Shaping Association UIY UNI MALI frtSSEL VOY HA ETA ETA A P. KLAMG SPOKE MALE Mold Carrier 742 A 13/10 15/10 24/10 Princess Lily 1003 23/10 25/10 03/11 Maid
      488 words

  • Page 19 Advertisements
    • 1077 19 TO USA (SAX SERVKE) ViSSIL VOY SIN ETA LAX OAK DAI HOU CHI COt HEM ATI NYC Aft HOiIANP 1201 15/10 30/10 03/11 04/H 04/11 04/11 04/11 04/11 07/11 07/11 Aft ENGLAND 1221 22/10 06/11 10/11 11/11 11/11 11/11 11/11 11/11 14/11 14/11 AK CANADA 1171 29/10 13/11 17/11 18/11
      1,077 words
    • 1759 19 I MONTHLY CONTAINERISED SERVKIIO SOVTI PACIFIC ISLAND Of 0 PTE LTD SM&APOtE *****325/75 I SUVA LAUTOKA (FIJI) ailftnwiwM* numiwiwiii mwaidid/oi mms/m *?jisiio/44 I DA DC ETC fTAumt ußMwimgM t/i»w MMsns uiiuii/M I rAretTfc (TAHITi) MINOR'S OffKl: CONVENTIONAL *****050 ******04 I tOSTAI AOOtQtS tM) SOW IHO Ttt: 07-*****44 HUL 07-ISIOI7O VSI/VOY
      1,759 words
    • 518 19 VESSEL VOY all StG JKT HUNSA BHUM N073 118/10 123/10 24/10 "79/10 31/10 2/11 KID IHUM 323S H7to~ 21/10 GANTA BHUM WOB5 24/10 W7IT WIT 17il "870" KITIBHUM 324$ 2S/10 21/10 29/10 ANANBHUM W294 11/11 It/11 I 7/11 12/11 14/11 16/11 |WTHHUM 325S 11/11 4/11 5/11 MI6 Monlo Sou* tokom
      518 words

  • Page 20 Advertisements
    • 411 20 UAC tmmUMb aiUO—a* NW; > MAM.I «»lrWdil»it»».oo<w»« UCLIVIMO MtWWmHWIIfOMMHNIIiHIUHI NUI>MMa«TT z~^*&? T *W» \w\ ~W] W Tir ISSCufiSi m in? r 3tft 111! m 1 H/11 1 aa i t is jtiL IS t w-1 B 1 r 'i'"^ i'r "I' -i T VOY SMUKtt PBBSH p»«*»<WU WMTOWW OaA« HOUMCHOTT
      411 words
    • 572 20 \NN\ WAN HAI LINES V TEL *****588 FAX: *****163 NEW WEEKLY EXPRESS SERVICE TO: NHAVA SHEVA CALLING SIN EVERY WEDNESDAY COMMENCING 29 OCTOBER 2003 For more details, caff HOTLINE: *****588/1800-*****00 NOITRANI SNIPPING AOINCIIt KT 29 INT'L BUSINESS PARK *05-05 ACER BUILDING TOWER B S-*****3 TEL: 6319 8799 FAX: 6567 7005
      572 words
    • 631 20 BSfl n. MYANMA BB FIVE STAR UNE (Mvhmmt NOKMMI LIM) Ltodlij for Yqr|or Vtsstl vor SIN Pll PEN PGU PAGAN 304W SIS HPA-AN 30 7W SU IN MAUYSIA: IOUSTtAD SHIPPING AGENCIES KUL 03-*****300 PIL 03-317M101 PtN: 04-2****** BANK LINE (A ttrvkt of Andrtw Wair Shipping) I NORTH SOUND TO EUROPE
      631 words

  • Page 21 Advertisements
    • 1339 21 IVfSSII VOY KHH HKQ SIM PKI I PXB BAB I PAW WITH IRAN HOCMOZOAN PCI 133 09/10 10/10 13/10 14/10 21/10 32/10 29/10 31/10 CAM FttO PCI 3007 SKIP SKIP I*/10 14/10 2S/10 26/10 02/11 04/11 WANYAMIN Pa 1003 SKIP SKIP 20/10 19/10 29/10 30/10 07/11 09/11 KANKIRMAN PCI 335
      1,339 words
    • 654 21 UK CONTINENT SERVICE Loadng for ARCHIMEDES RTM/ATW/BMNAJK/NAN OCEAN TRADER RTM/ATW/BMNAJK/NAN Loads Singapore. E>W. Mataysa. Indonewa MIDDLE-EAST SERVICE Loading for PANORMOS PRIDE DBI/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 'Loads Singapore, EAV. Matayva, Indooesaa USA SERVICE Loadvig for GIORGOS CAM/NFK/SAV/NOL NENA J VCW/LAX/MZL ANTUCO CAM/NFK/SAV/NOL 'Loads E7W. Malaysia.
      654 words
    • 711 21 SB! M Efil -ffisa m SK MT IfiSZB UZIS U/»0 -CALiUUJ 1A22 u/)Q u/io m* 14/15 17/10 4I4MUT* 7 Hit Wll 22Z1* PAC lAMDA 10S9N U/IO 19/10 flf Mil IA2I M/1B «/io mum IMS SZS w/io ncmu* ffl4 n/io a/io -EAUAHBA IMB 21/ li 21/10 'MIIJ L'J PAC lANDA 10*?W
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  • Page 23 Miscellaneous
    • 120 23 8 FOR 7AM 14 Oct 2003 Issued by Meteorological Service Division,NEA LEGEND: .Thunderstorm Wind speed symbols y Showers P u c rc,e w/o ,ine indicates calm or light and variable winds R a i n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x
      120 words