The Business Times, 16 October 2003

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Total Pages: 28
1 28 The Business Times
  • 15 1 85C MITA (P) 024/03/2003 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg THURSDAY, OCTOBER 16, 2003
    15 words
  • 720 1  -  Gains expected to rob off on local players Chartered, Venture and Stats By Raju Chellam [SINGAPORE] In the strongest sign yet of a semiconductor recovery, the world's biggest chip maker, Intel Corp, has just announced that its third quarter profit more than doubled and
    Source: Bloomberg  -  720 words
  • 607 1  -  List of fair value stocks getting shorter: Henderson manager By Genevieve Cua [SINGAPORE] Bullish investor sentiment should be cause for cheer among asset managers, but technology fund manager Stuart O'Gorman of Henderson Global Investors is worried. As many as 550 retail investors
    Source: Se August,2003  -  607 words
  • 69 1 ST! 1,748.96 18.23) ST INDEX FUTURES 1,753.00 (+13.00) SIMSCI FUTURES 217.00 (+2.50) WediH>sday Change KLSECOMP 7K12I +0.5H NIKKEI225 I0.H99.95 4MB HA.Mi SKMi _U05(i.lK +2(1(1.1# SET NO (MM »7JI JAKARTA COMP..650.44 1.72 MANILA COMP J,15t 15 8.97 TAIPEI WPI .5524.38 14 (M SEOTLCOMP 7S4.23.. -2.29 SHENZHEN B 25.127 -4.28 AI'ST
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  • 84 1 FOREX RATES US$ S$ I SS |SS p*T I SS| 1.737 V(I SS/SS P«T V) 1.875 2.91(1 Kl KO|l SS/SS/K) 1.171 £<B5 TBI 109.1 tiimi KM :».*)<> ±1X7 H KS 7.74.1 4.457 BAHT :®.77 tt.W» Kl PI AH 8.4£J 4.H49 KKNMINBI 4.777 INDIAN RUPEE 45.70 2«:WI AS l.44H.__ ().KB
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  • 307 1 LAT. Reuters CBEIJINGJ A spacecraft dubbed the Divine Vessel and its lone astronaut blasted off from a remote Gobi Desert location early yesterday morning, catapulting China into the elite club of nations that have sent a man into space. By sending taikonaut the Chinese word for
    LAT.; Reuters; XINHUA  -  307 words
  • 645 1  -  Launch of non-stop flights to the US shows this optimism By George Joseph (SINGAPORE] Singapore Airlines is confident of a healthy and buoyant year in 2004 and expects to increase its capacity over and above its pre-Sars levels. Reflecting this optimism, SIA
    645 words
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  • NEXT page
    • 130 2 [SINGAPORE] More than 1,000 people attended the gala performance of the Singapore Dance Theatre's (SDT) Madame Butterfly last night, aimed at raising funds for the SDT-Business Times Arts Fund which supports the company when it goes on tour. Choreographed to Puccini's music, Madame Butterfly is
      Photo: ARTHUR LEE  -  130 words
    • 489 2  -  Mishandled revaluation could spark another Asian crisis By Anna Teo [SINGAPORE] The pressure on China to revalue the yuan is entirely political; from an economic standpoint, revaluation is premature and unnecessary, a financial forum heard on Tuesday. Indeed, given the state of
      489 words
    • 387 2 LATEST US DATA Sept retail sales dipped while regional manufacturing activity gauge perked up in Oct Reuters Bloomberg [WASHINGTON] Fresh economic reports yesterday gave a mixed picture of the US economy's strength, as US retail sales dipped in September while a regional gauge
      Reuters; Bloomberg  -  387 words
    • 802 2  -  HOCK lock siew r sivanithy IT is never easy fighting for the rights of minority shareholders, no matter where you come from. It is even harder to do so in the local market, where the talent pool is limited and independent directors are usually known
      802 words
  • Page 2 Advertisements
    • 81 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 Healy or Simonne Toh T:+66 6535 3382 F:+6s 6535 3991
      81 words

  • Page 3 Advertisements
    • 843 3 V-.- V V V v I v 7) v w w w y i. w- w vv I iJk 3f£> y* (a r j 3* WE ARE PROUD TO BE I ISOI4OOI OHSASIBOOI CERTIFIED I "We congratulate SPM Refinery gt/n "It is our pride and honour to be for achieving
      843 words

  • FOCUS robinson
    • 945 4  -  Petitioners plan to ask OCBC and the Lee family to consider selling the required minimum of 9% of the group instead of its retail business By Kalpana Rashiwala, Daniel Buenas IN a development that puts the ball in OCBC's court, Robinson's chief executive
      FILE PHOTO  -  945 words
    • 132 4 AN OCBC spokesman yesterday acknowledged it would be "correct to say that OCBC Bank made an independent decision to sell our stake in Robinson to comply with regulatory requirements". "When the Board of Robinson was informed of our decision, they sought our co-operation in agreeing to a proposed
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  • Page 4 Advertisements

  • Innovation Singapore
    • 1128 5  -  Citibank Singapore HR director Aditya Mittal tells Wong Wei Kong about the bank's people-orientated philosophy and its talent development Wong Wei Kong Aditya Mittal says he is a typical Citibanker. He has gone from factory manager to senior banker, from India to Singapore. Here, he now
      1,128 words
    • 714 5  -  By Wong Wei Kong SHE'S a rare breed of Citibanker, an MA or management associate, handpicked from thousands who apply to the bank every year. At 26, Petrina Tan is being groomed to be a future leader of the bank. Established more than 30 years ago,
      714 words
    • 557 5  -  By Wong Wei Kong IT'S not just fast-track graduates who make it at Citibank. Meet Tan Chin, who rose from bank teller to an award-win-ning assistant manager. The O level holder believes she wouldn't have come this far had she worked elsewhere. "I think
      CHRIS LOH  -  557 words
  • Page 5 Advertisements
    • 100 5 Organisations committed to the People Developer constantly develop their people to better serve customers. They adopt a total approoch that engoges people for enhancing productivity. And contributing to business success. Over 1,200 organisations are implementing the standard. About 400 organisations with some 300,000 staff have achieved the standard. People Developers
      100 words

  • 47 6 UNIT TRUSTS FUNDS LEGEM): M pnces an ndKilm except for E» fcnggrt Asset* Broadfy Diversified;! Narrowly fecund; Um» Risk.'Low to Medium Risk; kMedwni to High Risk. Higher Risk. open-ended; Before subdrvwon of units, Attar subdnrinon of units; SP after stock split N>- Hon Dealing Pay Hoor PncerSSO.9ls
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  • SINGAPORE companies
    • 313 6 THE closing of the deadline yesterday for firms to sign up for a novel research incentive scheme saw one conspicuous absence among the applicants the Securities Investors Association of Singapore. A handful of research houses, including some for-eign-backed firms, are understood to have
      313 words
    • 765 6  -  Top active counter closes at 18.5 cents, over 6 times its recent placement price By Serena Ng THE relisting of CAM International after a six-and-a-half year suspension yesterday saw its shares trading well above its recent placement price of 3 cents, as investors bought into
      765 words
    • 371 6  -  Deal will raise their stakes to 43% each By Angela Tan more than two months of negotiations, Singapore Telecom and Ayala Corp yesterday agreed to buy Deutsche Telekom's entire 24.8 per cent stake in Philippines' Globe Telecom for about US$472 million. Sing
      371 words
    • 438 7  -  Eight banks will seek to raise US$3-4b in synthetic CDO issue By Joyce Koh THE Development Bank of Singapore and a group of banks appointed by AXA Investment Managers (AXA IM) will seek to raise US$3-4 billion in a deal that could
      438 words
    • 203 7 AXA IM will choose and manage a portfolio of corporate bonds, loans and credit default swaps. The collateralised debt obligations (CDO) structure transforms the portfolio to create six tranches with different yields and credit ratings. Each tranche will include bonds that have
      203 words
    • COMPANY Briefs
      • 60 7 SEMICONDUCTOR burn-in specialist Sunright cut losses for the year ended July 31,2003, to $3.3 million from $18.5 million a year ago. The mainboard-listed company said burn-in and test equipment sales were the main reasons for growth as well as the overall improvement in the
        60 words
      • 64 7 CHUAN Hup Holdings' subsidiary, Swift Marine, will no longer sell its 44 per cent stake in Intra Oil Services to the Scomi Group, which is controlled by Malaysian Deputy Prime Minister Abdullah Badawi's son. The deal would have seen US$6.5 million change
        64 words
      • 62 7 HOTEL Plaza Ltd said it is buying up the remaining 17.3 per cent of Suzhou Wugong Hotel that it does not own for 66.6 million renminbi (5513.8 million) in cash. Suzhou Wugong owns the 328-room Sheraton Suzhou Hotel Towers in Suzhou, and
        62 words
      • 60 7 NEOCORP International said a wholly owned subsidiary, NeoCorp Innovations, has won a $27.3 million contract from the Defence Science Technology Agency to upgrade Khatib Camp. The contract is expected to last for 30 months starting Nov 3,2003, and will only start to contribute to the group's
        60 words
      • 64 7 HONG Leong Asia subsidiary Lydale has made US$5.B million in cash through the open market sale of China Yuchai International shares on the New York Stock Exchange. The sale 0f314,900 shares will leave Lydale with a 23.2 per cent stake in China Yuchai,
        64 words
    • 386 7  -  Two others had pared holdings before Creative By Kenneth Lim EVEN before mainboard-listed Adroit Innovations announced that two key shareholders had sold off their entire stakes in the e-business solutions provider, it seems another two substantial stakeholders had pared their interests in the company.
      FILE PHOTO  -  386 words
  • Page 6 Advertisements
    • 118 6 I and the thrills and I excitement of "live" horseracing at for FREE! You don't have to like horses to respond to such a rousing story. Brilliant and convincing, Seabiscuit belongs in the winner's circle. B| Austin-American Statesman jT I jl I pi resent your Seabiscuit ticket stub from UH
      118 words

  • Page 7 Advertisements
    • 256 7 I swiss I Inter national I Air Lines i I; Feels like sleeping at home: j I The lie-flat seats in our v ««f|inew Swiss Business Class.ilP I! t£ 3 a} *i f: *J 41 it '•iS'iiilw t Wr W.ml In lll.ikc 11 vi In .hi c« |ii-i h 'in
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  • SINGAPORE markets
    • Article, Illustration
      529 8  -  Compiled by VEN SREENIVASAN Sats, Oct 15 doting: $2.06 COMPARED with August, flights handled by Singapore Airport Terminal Services (Sats) improved 1.8 per cent to 5.210 in September, cargo handled rose 4.6 per cent to 119,610 tonnes and gross meals produced was flat at 1.77 million. On a
      Source: Bloomberg  -  529 words
    • 259 8  -  HOT STOCK WARRANT By Ven Sreenivasan A COMBINATION of rising freight rates, increasing cargo volume and a general improvement in economic conditions has fuelled strong interest in marine stocks. Analysts believe some of these stocks have more upside. Samudera Shipping, one of the biggest
      Source: Bloomberg  -  259 words
    • 542 8  -  BT comment STOCKS r. sivanithy THE mood in the local market is undeniably bullish at the moment, but there now seems to be a collective scratching of heads as traders try to unearth new themes for making money. Run through the gamut of possibilities
      Source: Bloomberg  -  542 words
    • 613 8  -  BT comment CURRENCIES Losses most dramatic against Aussie dollar and yen larry wee THE US dollar was caught up in a horrible tug-of-war overnight, as the pull of fresh 2003 highs on Wall Street battled against the fear of more US pressure
      Source: Reuters  -  613 words
    • TRADES TO WATCH
      • 74 8 MAINBOARD-LISTED marine group Chuan Hup Holdings has raised its shareholding in its electronic contract manufacturing associate PCI Ltd to 33.16 per cent from 32.24 per cent, following an open market purchase yesterday of 1.8 million shares at 64.75 cents apiece. Shares of the printed circuit
        74 words
      • 94 8 SIM Wong Hoo's Creative Technology has ceased to be a substantial shareholder of Internet and telecommunications solutions company MediaRing, following a sale of 10 million shares at 15.7 cents apiece on Oct 14. This open market disposal by Creative's unit CTI Ltd reduced its stake
        94 words
      • 115 8 A SUBSTANTIAL shareholder of Magnecomp International, Patricia Ann Burkhart, has sold three million shares, or a 1.3 per cent stake, in the hard disk drive "components maker at 88 cents apiece. This sale on Oct 13 reduced her shareholding to 4.14 per cent, or around 9.6
        115 words
      • 130 8  -  Compiled by SERENA NG LOSS-MAKING Compact Metal Industries said its controlling shareholder Shining Holdings Pte Ltd has sold around 2.8 million shares at between 6.1 and 8 cents apiece "at the request from financial institutions to meet its financial obligations". The share sales on Oct
        130 words
    • Article, Illustration
      417 8 OTHER SINGAPORE INDICES Oct 15 VALUE CLOSE BT06/0S 765.00 +256.00 BT CADI -*****.00 +176.00 BT10-d«ym -*****.00 +77.00 AD-SG Equities 479.57 +5.09 SGEqaWw Elect 179.41 +2.81 SCEqriMwFfci 1492.44 +13.82 SG Equities Prop 456.05 +7.36 NSC1 Singapore 216.19 +2.28 SMSC1 Futures 217.00 +2.50 Stodtt Vd—l CAM Int3c 449,131,000 Adroit 10c 98,787,000 EDMI
      417 words

  • BLUE chips
    • 1015 9  - M1 StarHub a fine match? A merger will benefit both players in a very competitive telecom arena, says ANGELA TAN ANGELA TAN LIKE a shy girl being wooed, Singapore's second cellular operator Mobile One let slip recently that it is open to the idea of a marriage proposal only to
      FILE PHOTO; Source: Bloomberg  -  1,015 words
  • Page 9 Advertisements
    • 26 9 a?$ Hi r fl V Scott Mac Meekin President Bossard Asia Pacific APEK MBA 2000 1 J i NUS Business School HS !N US www.bsch00l.nus.edu \>/ ofS.ngapore
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  • Page 10 Advertisements
    • 40 10 The Platino Circle. Sir The Corporate Living Room exclusive to the top SOO who's who of Singapore. Mei I The Platino Circle* is not just an exclusive club. Ii is a global network e< -meeting the top SOU who's \vh
      40 words

  • Page 11 Advertisements
    • 34 11 Ci rcle, Singapore o the top S(X) who's who of Singapore. Membeisbip by invitation only. i I HI PI. AII NO f'n/c global network o -meeting the top SOO who's who ol different countries.
      34 words

  • EXECUTIVE suite
    • 310 12  -  A few parties in dog breeding industry keen on 86,087 sq ft site which is expected to fetch around $550,000 By Andrea Tan HOW much is that doggie shed at the auction? A dog breeding, training and boarding farm at Pasir Ris
      310 words
    • 361 12  -  Hind using 'lifestyle' offerings to draw buyers By Kalpana Rashiwala HIND Development is restarting marketing efforts for its Residences at 338 a without chopping the $930 psf average pricing at which it last marketed the freehold apartments in Killiney Road more than a
      361 words
    • 290 12  -  By Andrea Tan PARRY Gardens, off Yio Chu Kang and Upper Serangoon roads, is up for en bloc sale for the second time since 2000. The 999-year leasehold site of 101,956 square feet is likely to fetch about $40 million this time
      290 words
  • Page 12 Advertisements
    • 245 12 PRIME OFFICE SPACE Effective Sub-lease Rate psf Subsidised \Movtag Fast Heart of Raffles Place Flexible Sizes from 1,300 28,000 sf Long Sub-lease Term Fitted Out or Bare Units Soto Marketing Agent Commercial 6531 8669 H— 6531 8666 ggM liMim Harry's Bar Rugby World Cup 2003 Need to entertain clients during
      245 words
    • 302 12 C.A.T.S. Buy It. Sell It. Find It. Parry Gardens COLLECTIVE SALE I Rosyth Large Condominium Site in 3, Upper Serangoon Area *-cte Hou 9*»a^ 2 *999 years 1 Site area: 101,956 sqft J Serangoon f °J Residential, plot ratio 1.4 c jf Close to major expressways and Pri2h V reputable
      302 words
    • 163 12 To advertise your Notices Call toll-free 1800 289 8822 or email notices@sph.com.sg WttMHHHHHB Cdlldkfree 1M0299KZ2 Kheng Leong Co. (Pte) Ltd. Kheng Leong Co. (Pto) Ltd.. an hwfc—t hokSng rompany baaed in Unjaptifi ia looking for an fcwaaliiientAnalyat. alk "J yi ItMHkßßillFit h A degree in accounting or finance or CFA
      163 words
    • 54 12 GONE! Before you even knew it. Holding an auction? Call **********2 or email: sphcorr.sg to book you i Notices advertisement in our newspapers now. IK? i 1 FREE Teochew-Thai Braised '4TrMM SIAMESE FINS RESTAURANTS 45 Craig Road (Tanjong Pagar) Tel 6227-9795 B1 -057 Suntec City Mall (At Fountain Terrace). 3
      54 words
    • 813 12 \CaU toll-free 1800 289 8822 IN THE HIGH COURT OF THE BFPtTRi jr or siMT.APngr < Viginating Summons No. 1360 of 200VJ In the Mailer of section 73 of the Companies Act (Cap 50. 1994 Ed) And In the Mailer of TRANStT-MIXED CONCRETE LTD (RC No. *****2587H) NOTICE PURSUANT TO
      813 words

  • SINGAPORE news
    • 464 13  -  Upbeat forecast based on likely strong shipments of pharmaceuticals, electronics pickup By Chuang Peck Ming AFTER a surprise slowdown in August, analysts reckon Singapore's key non-oil domestic exports picked up steam to grow 11.9 per cent in September from a
      464 words
    • 334 13  -  S'pore can also tap talent pool, says Indian economist By Amit Roy Choudhury THE India-Singapore Comprehensive Economic Cooperation Agreement (Ceca) will offer Singapore companies much greater access to India's fast-growing domestic market, a top Indian government economist said yesterday. Speaking at a seminar organised
      334 words
    • 226 13 AT least 500 job vacancies are waiting to be filled at Keppel FELS and its sister shipyards, but the company is finding it a challenge to attract locals. "Some Singaporeans are affected by the misperception of the shipyards as dirty and dangerous," said
      226 words
    • 329 13  -  EYE on the economy retail sales By Kenneth Lim DEPARTMENT-STORE sales at current prices rose year-on-year in August for the first time since January, but fell at constant prices as the overall retail sales index for the month increased 7.4 per cent year on
      329 words
    • 290 13 It will expand academic focus, export more programmes PSB Academy, the education training arm of PSB Corporation, intends to grow its foreign student population by over 20 times to 4,000 students by 2007, and will expand its focus on an academic curriculum,
      290 words
  • Page 13 Advertisements
    • 946 13 LANTROVISION (S) LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2nd Annual General Meeting granted by the Company, whether granted during the subsistence of LANTROVISION (S) LTD ("the Company") will be held at 102F of this authority or otherwise, under
      946 words
    • 232 13 Six Sigma for Business Excellence Six Sigma helps create a data-driven, metrics-based management system. Organizations across the worlds and across industries have leveraged Six Sigma for enhancing efficiency and profitability. However, Six Sigma implementation requires a strong business context Six Sigma coaches need to understand the clients business to be
      232 words

  • EDITORIAL & opinion
    • 794 14  -  THE bottom line OPINION david mason DEMOCRATIC government (with a small 'gO has two purposes: to protect those governed from external threat and to provide a framework of laws that brings order to everyday life. The Romans introduced the theory of modern democracy that
      794 words
    • 91 14 'There is no consolidated liberal democracy in the former Soviet Union except for the Baltic states.' -Michael McFaul a professor of political science at Stanford University, on Azerbaijan. The nation with a Stalinist history is about to see its first dynastic succession, like North Korea. 'Japan's defence
      91 words
    • 647 14 EDITORIAL MALAYSIA'S stock market has been a significant laggard in the five-month-old Asian equity market rally. While most regional markets have raced up by an average of about 35 per cent since the beginning of this year, the Kuala Lumpur bourse's benchmark index has risen just
      647 words
    • 1119 14  -  With an increasingly integrated East Asian economy, any cutback in China-US trade would have negative ripple effects on other East Asian countries as well By Michael Richardson AS the United States prepares for presidential elections in 2004, the Bush administration is coming
      AFP  -  1,119 words
    • 263 14  -  MAIL bag Jean Tan (Ms) Director, Corporate Communications for Permanent Secretary Ministry of Manpower WE refer to the commentary "Flawed plans for medical insurance portability" by Genevieve Cua (BT, Oct 4), which suggested that the two portable medical benefits schemes fall short of
      263 words
    • 153 14  -  Denis Distant Singapore COMPANIES must be suffering as a result of the massive staff layoffs in recent years which has meant many letters being sent out unsigned. And for some not so apparent reason, letters very often do not even show the address to which
      153 words
    • 555 14  -  Narayana Narayana Singapore WHILE appreciating Ang Hao Yao's concerns in his letter "Steps to check 'pump and dump' (BT, Oct 9), perhaps it is time for me to repeat for the umpteenth time the words of my old broker from many decades back: "How long can
      555 words

  • Page 15 Advertisements
    • 841 15 LANTROVISION (S) LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL where:MEETING of LANTROVISION (S) LTD (the "Company") will be held at 102F Pasir Panjang Road, #03-08 Citilink Warehouse Complex, (aa) the aggregate number of shares and convertible securities,
      841 words

  • Article, Illustration
    1091 16 Transaction date: Oct 15 Ai I-senes Maturities > a yr. Shot 1 -3 fS. Long >3 yrs ntTERBAlfK CROSS RATES A$ CS Burt) Euro HK$ taid HupUh Yw Wow M M2S »s Peso S$ tmd Sfr WTS Bdrt Pound US$ Australia 0.915 5.731 0.590 5.348 ***** 58.177 0.753 8.084
    1,091 words
  • 1585 16 SI COM FUTURES o,t i:< RUBBER Futures (doting prices) RSS1(ScentsAg) Close Volume Open Morth Njgh Low Sett (tonnes) Interest Mo* 03 222.75 Dec 03 223.25 JM 04 224.50 Feb 04 224.59 RSS3(USca«ts/kg) Volume Open Month High Low Sett (tonnes) Interest Nov 03 128.00 128.00 128.00 600 4500 Dec 03
    1,585 words
  • REGIONAL news
    • 517 16 SHANGHAI 100 business leaders each with a minimum wealth of US$110m included CHINA'S rich list one of Chinese capitalism's newest, most popular and. in the eyes of some, dangerous annual rituals will be published today chronicling 100 business leaders each with a minimum wealth
      517 words
    • 365 15 PUTRAJAYA, Malaysia US$3.8b contract is to build part of a S'pore-to-China rail link Reuters TWO Malaysian companies have won a US$3.B billion deal to build part of a Singa-pore-to-China rail link, beating rival Asian firms for Malaysia's biggest infrastructure contract this year. Malaysia
      Reuters  -  365 words
    • NOTE Book
      • 121 15 AP [HONG KONG] Chinese authorities have cleared Hong Kong's Cathay Pacific Airways to fly direct to Beijing, a spokeswoman said yesterday, after the airline's partner-turned-rival Dragonair failed to block the bid. China's Civil Aviation Administration last week granted Cathay a permit to
        AP  -  121 words
      • 94 15 Reuters [HONG KONG] The Hong Kong government announced yesterday that it will resume land sales next year but on a limited scale to avoid damaging the economy's fragile recovery. Secretary for Housing, Planning and Lands Michael Suen told legislators that the government
        Reuters  -  94 words
      • 69 15 Bloomberg [JAKARTA] PT Bank Mandiri and PT Bank Rakyat Indonesia may have their financial strength ratings raised by Moody's Investors Service, two weeks after it lifted their deposit ratings following an upgrade in the country's ratings. "For both banks, the review will consider the
        Bloomberg  -  69 words
      • 76 15 Bloomberg [BEIJING] China posted its smallest trade surplus in six months in September as imports rose to a record, bolstering Beijing's argument that the yuan's fixed exchange rate helps stimulate demand for overseas goods. China's trade surplus narrowed to US$29O million, the smallest since March,
        Bloomberg  -  76 words
      • 71 15 Bloomberg [BANGKOK] Total Access Communication pel, Thailand's No 2 cellular operator, said it will cut its spending next year by a quarter and use the saved money to pay debt. Bangkok-based Total Access, whose shares are traded on the Singapore stock exchange, set
        Bloomberg  -  71 words
      • 73 15 Bloomberg [TAIPEI] ProMOS Technologies Inc, Taiwan's second-largest maker of computer memory chips, said it plans to sell new shares overseas, which are worth about US$24l million. ProMOS's board approved the sale of as many as 600 million new shares, the company said in a
        Bloomberg  -  73 words
    • 419 15 WASHINGTON Democrats urge forceful action to stop US job losses Reuters. AFP US PRESIDENT George Bush said on Tuesday that he would use his trip to Asia to press China and Japan to stop trying to weaken their currencies, as pressure increased
      Reuters.; AFP  -  419 words
    • 319 15  -  From Eddie Toh in Kuala Lumpur THE man widely credited with having cleaned up the corporate mess in Malaysia has been appointed to the board of Malaysian Airline System. MAS yesterday named Nor Mohamed Yakcop special economic adviser to Prime Minister Mahathir Mohamad a
      FILE PHOTO  -  319 words
    • 427 15  -  From Ajoy Sen in New Delhi OVERSEAS financial institutions and banks are eagerly awaiting an anticipated government move to relax the foreign equity ceiling on investments in some 30 private Indian banks. The government notification is likely to outline guidelines for acquiring the
      427 words

  • Page 17 Advertisements
    • 134 17 no money for At he even had to drink tap water in school w^en e was un^* the of The Times Pocket Money Fund, Ronn and his ps f brother can now to meals Ronn has K to concentrate better are among the :«mm ,benefiting from the fund, which was
      134 words
  • WORLD news
    • 618 17 NEW YORK Reed wants representatives of non-securities firms in the majority NYT, Bloomberg JOHN Reed, the interim chairman of the New York Stock Exchange, endorsed a report that recommends that the exchange shrink its current board from 27 to 17, with directors representing non-securities companies
      NYT,; Bloomberg  -  618 words
    • WORLD Watch
      • 62 17 Bloomberg [NEW YORK] General Motors Corp said third quarter profit was US$425 million. Net income was 79 cents a share compared with a net loss of US$BO4 million, or US$l.42, in the same period last year, when GM wrote down its investment in Fiat
        Bloomberg  -  62 words
      • 72 17 Reuters [GAZA] The US embassy in Tel Aviv advised all Americans to leave the Gaza Strip yesterday after a roadside bombing killed three Americans in a US convoy travelling through the Palestinian territory. Israel Radio said the convoy included representatives from US Middle East
        Reuters  -  72 words
      • 47 17 Bloomberg [NEW YORK] Morgan Stanley said yesterday that Securities and Exchange Commission staff have recomtnended legal action against the company over its failure to disclose incentives related to mutual fund sales. It made the disclosure in a filing with the agency.—Bloomberg
        Bloomberg  -  47 words
      • 60 17 Bloomberg [SEOUL] South Korea's LG Group and Carlyle Group toe of the US made a 1.5 trillion won (552.2 billion) joint takeover offer for Hanaro Telecom Ine, the second largest Korean high-speed Internet service provider. The move is to thwart a bid by
        Bloomberg  -  60 words
    • 225 17 TOKYO Reuters GLOBAL sales of chip-making equipment rose 5.7 per cent to US$l.44 biUion in August from the same month a year earlier, helped by a recovery in capital spending by semiconductor manufacturers, an industry group said yesterday. The August figure
      Reuters  -  225 words
    • 410 17 STOCKHOLM Q4 sales growth may be dampened by cheaper phones Reuters STRONG sales of camera phones propelled mobile phone maker Sony Ericsson to its first quarterly profit yesterday, but its cautious outlook led analysts to question if its performance was sustainable. The
      Reuters; AFP  -  410 words
    • 409 19 ADELAIDE News Corp seen as having inadequate disclosure for such proposals: analysts Reuters MEDIA baron Rupert Murdoch suffered a rare defeat before shareholders yesterday when he was forced to scrap a generous options plan for key executives, including his two sons. Mr Murdoch, executive chairman and
      Reuters  -  409 words

  • 6 18 Transaction date: Oct 15
    6 words
  • 5 18 Transaction date: Oct 15
    5 words
  • 825 18 Transaction date: Oct 15 1 Ow Chaagi imtkmmi m Om Panga Unen SOc 0.42 1.160 <4.020 NatttMl 50c 0.40 2260 C*C 0.74 54S0 OCBC 864 ***** 40 400 CapitaLand 126 1.660 -0410 OUE 0.45 6 500 4.100 Chart SarraCond 26c 141 1860 *0440 Parkway M2Sc 0 49 0.M0 *0.030
    825 words
  • 640 18 BONDS WARRANTS Pna Etpvy Tat Last Vol Caw Enr Nk tar- Mths ci* um~r *m- am Mm km Laft 36S8 AST1W*****1 Jt 3 1394 1 16 -4 I SO 8 3697 Acm* Ltd VMM 1116 13 unch 130 1 SO 329 8.M 13 3602 Amtek W*****0 125 2 1 1
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  • Page 18 Advertisements
    • 31 18 i A A B your shareholders and potential shareholders Hi pr jHfe 11 P u^''c s j n 9 y° ur company's financial results Call toll-free: 1800?289 8822 or email: Recruit@sph.coniisg|
      31 words

  • 16 19 Transaction date: Oct 15 for live prices,, log on to um ru \asiaonema rkets^om
    16 words
  • 77 19 U4* M LM Vd D«y IMQMI GrfN* On GrVM MM MCk U» CW« Cwywy M« W- r»M> W#» U» »nyr S«fcr Cw WI h3 9600 W 6065 Dumondl US2060 2,50 3750 3740 6095 ISOJUSTecti US3740 180 6097 IS MSO Spore US5S5 70 S M5 MS 6101 ISSAPSOO US84.5
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  • 2032 19 B-Mi M Law Vol Day LcnOmt* Gfttv On GrYW MM MCtc M0I U> Cado Cl1>»l s* W- C996) W» I— idtar Cw XI >3 24 75 MOO A8R Hldgs 5c 21 *05 583 215 20 5 21 215 405 41 125 2101 AP Oil 5c 39 *0-5 775
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  • 349 19 U-Mk Td Last Vol Day Last Qwot* GrtN* On GrYM MM MCap I—i Ca4» Ci—aay Mt W- CWW I—I U» !■>» Sahr Cw HI SJ 173 85 6000 AVJennings A2Sc A172 +1 129 172 170 171 172 40 88 S.8 65 3702 6001 Cathay Pac 20c MK720 265
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  • Page 19 Miscellaneous
    • 339 19 CRYPTIC CROSSWORD 1 Top men added words about 10 A good man and yet orga- J||[ Stick around a trainee using H j|jfcj|J| HH 15 Mark obstruction in red (7) Hi suspicion (5) a medico (4) 18 A private American ring for 20 money-changing (4) Ji ■Kf2 19 Weary of
      339 words

  • BizIT
    • 697 20  -  The sector is likely to see a strong pickup in H2, reports Amit Roy Choudhury Amit Roy Choudhury SOUTH Asian companies expect their spending on information technology products and services to grow by 5-6 per cent this year while their counterparts
      Source: JP Morgan/East & Partners survey  -  697 words
    • 490 20  -  By Raju Chellam EUROPEAN software giant SAP AG, which was awarded IHQ (international headquarters) status by the Economic Development Board yesterday, is moving the back-end administration of its 12 Asia-Pacific subsidiaries including India, China, Taiwan, South Korea and Australasia to Singapore. The
      490 words
  • Page 20 Advertisements
    • 509 20 L v -H META Group presents |—METAmorphosis SH Asia 2003 Taking IT Portfolio Management to the Next Level 1 November 11-13, 2003 Meritus Mandarin Singapore Talcing advantage of META Groups Why You Can t Afford to Miss This? Who Will Attend? real-world experience and in-depth At METAmorphosis Asia 2003, you
      509 words

  • SHIPPING TIMES
    • 272 21 Reuters THE Baltic Dry Index rose 29 points to 4299, the Baltic Capesize Index rose 178 points to 6408, the Baltic Panamax Index fell 140 points to 4283 and the Baltic Handymax Index rose 427 points to *****. TIME-CHARTER: Front Viewer Coeclerici relet obo (built 1992) *****6 dwt
      Reuters  -  272 words
    • 308 21 SGX '000 Oct 15 SS W- Vol CH Offshore .0.40 0.01 8476 Chuan Hup 0.51 0.01 3742 Cosco Investment 0.61 0.05 ***** CWT Distribution 0.58 unch 68 Ezra Hides 1 16 0.04 3362 Fretght Links .0.15 unch ***** GB Holdings 0.73 0.01 70 Java Holdings 0.79 0.05 *****
      308 words
    • 573 21  -  Govt will also spend US$1b to increase shipping fleet By Beth Jinks [SINGAPORE] Vietnam will develop a new deep water container transhipment port at its central Van Phong Bay capable of accommodating vessels up to 15,000 TEUs and handling 2.4 million TEUs annually,
      FILE PHOTO  -  573 words
    • PORT Shots
      • 90 21 [SINGAPORE] Star Cruises has extended its Port Klang season with additional cruises to Langkawi and Phuket. The 37,000 gross tonne, 660-passenger capacity Super Star Aries will offer two-night cruises from Klang to Langkawi and three-night Phuket cruises between October and January 2004, in addition to
        90 words
      • 144 21 Bloomberg [SEOUL] Samsung Heavy Industries, the world's third-largest shipbuilder, said it is in talks to build vessels for two overseas shipping companies. The shipbuilder is talking with Malaysia International Shipping Corp and Seaspan of Canada, Samsung Heavy said in a statement filed to
        Bloomberg  -  144 words
    • 403 21  -  By Donald Urquhart [SINGAPORE] The US Customs' container security programme could be operational by end November in the Malaysian ports of Klang and Tanjung Pelepas, which may help plug a potential security gap highlighted by the shipment of depleted uranium
      403 words
    • 277 21 Aussie farmers want sheep to be slaughtered at sea for fear of disease AFP [SYDNEY] The so-called "ship of death" with more than 50,000 Australian sheep on board has been held up again in Kuwait, the Australian government said, as farmers launched
      AFP  -  277 words
    • 315 21 It reckons cargo traffic will rise as economy grows Bloomberg [SHANGHAI] Jinzhou Port Co, a port operator controlled by China billionaire Zhang Hongwei, said it expects proFit for the First nine months surged by more than half because it handled more cargo. The
      Bloomberg  -  315 words
    • 1012 22  -  NEWBUILDS By David Hughes EVEN before the major container ship orders recorded this week, over a million TEUs (20foot equivalent units) of capacity was on order at the world's shipyards. According to UK-based Drewry Shipping Consultants, that equates to 30 per cent
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    • 3 22
      3 words
    • 3 26 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 932 27 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI PURPOSE TERMINAL BADGER 2 UC 151 J22 A/SIDE 15/10 0900 BINTANJAYA BJ0366 J12 A/SIDE 15/10 0100 8UANA ABADI 06/03J J3 A/SIDE 15/10 0630 CHANGI HOPE 1 J5/6 A/SIDE 15/10 1700 EMPRESS LILY 0503 J24 A/SIDE 15/10 0500 EVERISEGLORY 83 J10/11
        932 words
      • 2 27
        2 words
      • 142 27 Oct 23 Malaysia: Deepavali. Thailand:Chulalong korn Day. Singapore: Deepavali. Oct 25 Taiwan: Retrocession Day. Oct 27 Brunei: Aval Ramadhan. New Zealand: Labour Day. Oct 31 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. Malaysia:
        142 words
      • 801 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
        801 words
      • 42 27 Xni—limKtT*— »yD«V minimal Unrtc— —to —*»lml lUv»mMr»Tt»hr»«>««ii HfUni C—iMnmi >— lm —ii w*h Wwlwt.rnttoKl »nUBcIH«U»ft >yC— —iKtinnßiil tw MieUfcm AC» w>wrtmi (CltUO Hr —c» r«f nm«< tofxmtt— mrrwH toll |mWyM»W<VWi<—i 111 rt»i. om- 357-6o*a T«mc mut o*v una. r«c
        42 words
    • AIR & LAND transport
      • 859 28  -  German carrier adding more flights to China, India and Japan By Beth Jinks [SINGAPORE] Lufthansa German Airlines plans to deploy the bulk of its new capacity on Asia-Europe routes as regional passenger load factors soar above pre-Sars levels. Describing the region as its
        FILE PHOTO  -  859 words
      • 269 28 Privatisation of Italian carrier seen to affect its entry Reuters [ROME] Italian Prime Minister Silvio Berlusconi said on Tuesday that Alitalia, Air France and KLM should be merged into a new holding company that would allow them to keep their national identities.
        Reuters  -  269 words
      • 107 28 AFP [PARIS] The US brokerage J P Morgan Securities downgraded its recommendation of shares in Air France and the Dutch airline KLM, predicting they will trail behind competitors once the two carriers have been joined under a common holding company. Both were downgraded from "neutral"
        AFP  -  107 words
      • 290 28 AP [BANGKOK] Thai authorities have banned non-sched-uled flights over Bangkok, and Thai Airways is deploying sky marshals on its flights amid increased security for next week's Asia-Pa-cific Economic Cooperation (Apec) summit, officials said yesterday. The weeklong Apec meeting will culminate in a summit
        AP  -  290 words
      • 77 28 Bloomberg [CANBERRA] European Aeronautic, Defense Space Co (EADS) and Boeing Co are vying for a US$l.4 billion contract to build refueling aircraft for Australia's military, Defence Minister Robert Hill said. EADS, with its partner Qantas and Boeing have submitted tenders for the contract
        Bloomberg  -  77 words
      • LOG Book
        • 83 28 Bloomberg [CHICAGO] Delta Air Lines, the third-largest US carrier, said its third-quarter loss narrowed to US$l64 million as the company reduced aircraft maintenance and contract expense. The net loss was US$l.36 a share, compared with US$326 million, or U552.67, in the same quarter last year, the
          Bloomberg  -  83 words
        • 63 28 Bloomberg [LONDON] BAA said it reached an agreement with Aslef union workers at the Heathrow Express after two one-day strikes at the shuttle service that connects central London with Heathrow Airport. The union accepted that BAA will recognise Aslef and the Heathrow Express Staff Association
          Bloomberg  -  63 words
      • 234 28 North Atlantic, European traffic rose but Asian figures fell 1.5% Bloomberg [MUNICH] European airlines' international passenger traffic rose 0.5 per cent in the week ended Oct 5, about equal to the previous week's growth, as a recovery in demand for air travel remained damped
        Bloomberg  -  234 words
      • 390 28 AIRLINE cooes AA Amman Artnes (AAL).Af A* fmce(AFR) AJ At Ma (AC). AY Fumoy(F9i). Al AMtla Artnes (AZA)BA Bnhsti Anrtys Puttc LU Do (BAW) BG Bmtn BmgltOesfi Arms (BBC) Bl Roy* Bnma Artnes SOn Btxl (RBA) BO BourtQ Vines ran// BR EVA Amors Conn (EVA). CAArCIm
        390 words
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  • Page 22 Advertisements
    • 651 22 9T?wuih3iS^^h IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND w wmm« romag (gam iausthaua a&ia express (aax) vissa voy lg< sin pkg VKSH. VOT MK STD Id Ut FRE SIN PUG PtO NEDUOYD SOUTHAMPTON 34W39 01/10 19/10 21/10 ooaomu 65W40 08/10 24/10 28/10 PtO NIIIUOYD ADIIAHX 69N OMIT 04/10 08/10 10/10 14/10 19/10
      651 words
    • 458 22 fi\ Lines services represented by IkA Members of the Regijlry of pll Accredited Shipping Agents, 7 Singapore Shipping Associotion Members of the Singapore Logistics Association gjjj ULY LINE MALE VOY ETA ETA P. KLAHG SPORE mil Princess Lily 1003 23/10 25/10 03/11 Mold Star 543 A 03/11 05/11 13/11 Empress
      458 words

  • Page 23 Advertisements
    • 1120 23 TO USA (SAX SERVIQ) VESSEL VOT SIM ETA LAX OAK DAI HOU CHI COi WW ATI NYC Aft ENGLAND 122E 22/10 06/11 10/11 11/11 11/11 11/11 11/11 11/11 14/11 14/11 API CANADA 117E 2VIO 13/11 17/11 18/11 IS/11 11/11 11/11 18/11 21/11 21/11 API SCOTIAND 11U 05/11 20/11 24/11 25/11
      1,120 words
    • 1816 23 MONTHLY CONTAINERISED SERVICE TO SOUTH PACIFIC ISLAND Of CMUNSHTpmng PTI ITB SESfS&T* 22?™ m "W "Sis I SUVA/LAUTOKA(FIN) a»ll7«7IWM« TEtAJM 1140 (MAIN) IMMUD (B/OI *****744 AORBI4/41 I DADCCTt ITAUmX T/SMPMT M7OS42S *****914/44 I PAPuTC (TAHfTI) JOHOR'S OFFKE: CONVHTKMAI M TOM SO *****740 I COSTM AGtMOtS 1M) SON 4HO TP: 07-*****44
      1,816 words
    • 452 23 VtSSE WY *T HUMSABHUM N073 |11/lQ 123/10 24/10 29/10 31/10 2/11 HTIIHUM 323S HTHf I 21/10 if^T" GAWAMUM NQSS 124/10 W7TT WW ~VT\ t7TTI7n~ OT»HUM 324S 25/101 21/10 21/10 lANAOHUM I H294 11/11 |</H I 7/11 12/11 14/11 IWI |«TI MUM 325S 1/11 I 4/11 5/11 MNS Monii Sorfi Hnfeow
      452 words

  • Page 24 Advertisements
    • 501 24 CI mi A C ENOUMIES/BOOKINOS: #*****44 FAX: *****433 E-MAIL: MiMrtiMw.com.it ■22fl l/CLIVIMw DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 mmuaSmuMum nucomumnamwmjumcA^mon vnsn VOY I simgatose tost muhc u havw dajur unjui coium —m —ww r 6vii ;_w "W ;r^H7n 3IIW 77/10 a/10 7S/11 1»/11 74/11 I Hywda FrtMlw* 314W (S7H 04/T1 iVfl WH
      501 words
    • 549 24 WAN HAI LINES Y TEL: *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: NHAVA SHEVA CALLING SIN EVERY WEDNESDAY COMMENCING 29 OCTOBER 2003 For more details, call HOTLINE: *****588/1800-*****00 NOJTTRANS INIMINO AOIMCIIS 29 INT'L BUSINESS PARK *05-05 ACER BUILDING TOWER B S-*****3 V TEL: 6319 8799 FAX: 6567 7005
      549 words
    • 637 24 BSA x MYANMA KOBE FIVE STAR LINE (MyoMMr NcHmml Um) vissa vor sin p« rn m PAGAN 30*W SID HPA-AM 307W SO IN MALAYSIA: lOUSTIAO SHIPPING AGiNCIfS KUL 03-*****300 P*L 03-*****101 PIN: 04-2****** BANK LINE (A ttrvk* of /Uirtw Weir NORTHBOUND TO EUROPE V COKTAJNER, ROM, NUU HEAVYUFTS VISSII sm
      637 words

  • Page 25 Advertisements
    • 1282 25 -ViSSiL VOY KHH HKO I SIN PKL I DXB I BAB DMM MK IRAN HOCMOZGAN PCI 332 i«M »ait»d 15/10 16 10 23/10 24/10 02/11 04/11 WAN HOWWZBAN £L K|p skjp 16/10 4/10 23/10 26/10 02/11 04/11 IRAN YAMIN PCL 8008 SKIP SKIP 19/10 It/10 29/10 30/10 07/11 09/11 IRAN
      1,282 words
    • 676 25 UK CONTINENT SERVICE Loadng for OCEAN TRADER RTM/ATW/BMN/UK/NAN Loads Sogapore. EJW. Mateyaw. mdoneaa MIDDLE-EAST SERVICE Loading for DORIAN STAR DBI/ABU/DOH/BRN/DMM/KWT MARAKOT NAREE DBI/ABU/DOH/BRN/DMM/KWT J FRIEND JDH/AOA 'Loads Singapore, E7W Matayma. Indonesia USA SERVICE Loading for NENA J VCW/LAX/MZL SEABEE CAM/NFK/SAV/NOL •Loads E7W. Malaysia. Indonesia F.E./S.E.A. SERVICES S pore Loading tor
      676 words
    • 686 25 vissa m m eat jossa m m n paoamda Itsza li/lfi Jtt&Xiil 1422 liZlfi IIZII ''nTiuai iosh 14/10 17/10 tIUIITi? MM ZttZlfl 12M— MCIAIBA iosw 1»/10 If/10 -E4LUUI 1A23 210* 2SZII fACIANOA IQtOW HZI4 W/10 M""™ MJAMCA 14UD 21/14 zi/14 PK BAND* IM2N 27.10 23.10 PAOAMM I *****1 gflj YKHi
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  • Page 27 Miscellaneous
    • 119 27 I FOR 7AM 16 Oct 2003 Issued by Meteorological Service Division,NEA LEGEND: f < Thunderstorm Wind speed symbols -J Showers u c rc,e line indicates calm or light and variable winds p a j n One half fleche represents 5 knots Cloudy Day One full fleche represents 10 knots x
      119 words