The Business Times, 21 October 2003

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 28
1 28 The Business Times
  • 13 1 MIT 850 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg TUESDAY, OCTOBER 21, 2003
    13 words
  • 742 1  -  Market watchers surprised by Wing Tai consortium's bullish $255m bid By Andrea Tan [SINGAPORE] A jubilant Wing Tai led consortium emerged as the highest bidder among seven for the hotly contested Kovan Road site, fuelling hopes of a recovery in the residential market.
    742 words
  • 880 1  -  BT exclusive Yet-to-be-sold units on GLS sites fell from 10,600 at end-2001 to 6,500 now By Kalpana Rashiwala [SINGAPORE] The stock of yet-to-be-sold 99-year private homes on sites sold by the state has fallen by more than 40 per cent a shrinkage that
    880 words
  • 74 1 sn 1,780.24 (+8.06) ST INDEX FUTURES 1,781.00 (+9.00) SIMSCI FUTURES 221*0 (+2.70) Monday Change KLSELUMP 781.45 ♦0.411 NIKKEI 225 11.161.71 ****** HANG SENU 12.147.S9 >l«3.40 SET INDEX 592.78 +418 JAKARTA ('(IMP -652.76 +3.1I MANILA COMP 1.***** 41.53 TAIPEI WPI 6.077.89 +35.18 SEIH I.COMP 776.44 *8.69 SHENZHEN B 253.54 +4.06
    74 words
  • 80 1 FOREX RATES US$ S$ rsS(SSperlSS) 173* X|l S$/SSp«Tli)_ 1.67# 2.916 El RO|l SS/SS/E). 1.16ft am YEN 1095 6300 RM 3.SOO 2.IM6 H KS 7.750 4458 BAHT 3995 229* RIPIAH K.439 4.K54 RENMINBI UM 4773 INDIAN Rl PEE 45 :tt 2607 AS 1.440 MB NZS 1.674 096:1 PRIME RATES SINGAPORE*
    80 words
  • 698 1  -  Tycoon slashes Acma stake from 9.67% to 0.07% at average price of 12.128 cents a share By Daniel Buenas [SINGAPORE] In his first major share sale this year, business tycoon Oei Hong Leong has pared down almost his entire stake
    698 words
  • Page 1 Advertisements
    • 57 1 PAGE 9 PAGE 4 8 M I Rolex GMT-M aster II and Rolex Lady-Datejust Officially Certified Swiss Chronometers 1 < I 1 m I J ww?** TAKASHIMAYA S C. TEL 6734 2420 RAFFLES HOTEL ARCADE TEL: 6334 3241 LUCKY PLAZA TEL SCOTTS S C TEL: 6235 7198 MILLENIA WALK TEL:
      57 words

  • NEXT page
    • ON THE grapevine
      • 95 2 IT'S the wedding season again, leaving plenty of people grappling with the awkward issue of how much hongbao should be given. Well, fret no more. Someone has created a spread sheet being circulated via email to calculate the amount that should be given. Here are some of the
        95 words
      • 69 2 SECOND Minister for Finance Lim Hng Kiang turned salesman yesterday at the worldwide financial services conference Sibos. Following an introduction by Leonard Schrank of Swift, announcing price reductions for use of Swift, the default platform for financial messaging and payments clearing, Mr Lim told delegates that
        69 words
      • 78 2 WE suspect there's a stand-up comic in Raymond Lim, the Minister of State for Foreign Affairs and Trade and Industry. At last Thursday's launch of Singapore Education International (SEI) and responding to a remark about SEI president Er Kwong Wah being the "father of the group (SEI)", Mr
        78 words
    • 606 2 LATEST US DATA Conference Board says economy improving but ride will be bumpy Bloomberg Reuters. AP [WASHINGTON] A closely watched gauge of future US economic activity edged 0.2 per cent lower in September, but the economy remains on track
      Bloomberg; Reuters.; AP; AFP  -  606 words
    • 746 2  -  HOCK lock siew SGX needs to find a middle ground quickly to avoid future criticism r sivanithy BY all accounts, it came as a disappointment to Nat Steel's minorities and small shareholders everywhere that the Singapore Exchange (SGX) has denied any regulatory responsibility in its reply
      746 words
    • 282 2 Aircraft will be supplied by S'pore Aircraft Leasing AFP [SINGAPORE] Singapore's first budget carrier, ValuAir, will lease two new Airbus A 320 aircraft to start up its fleet in March 2004, a company statement said yesterday. The 162-seat aircraft, which will
      AFP  -  282 words
    • 592 2  -  APEC FORUM Most people have under-estimated Abdullah, he says From Chuang Peck Ming in Bangkok PRIME Minister Goh Chok Tong is upbeat about Malaysia after Mahathir Mohamad. "I am optimistic about Malaysia and I am not concerned about
      592 words
  • Page 2 Advertisements
    • 62 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: +65 6535 3382 F: +65
      62 words
    • 86 2 AMSaa y Massage Functions Office sea, Massage^Mr Chair Automatic Timer Work Smarter and Better The Anmachi series of healthcare massage chairs are thoughtfully designed with luxurious functions, Extendable Feet Pad bringing comfort and relaxation to 10i ,.i if^ snan* Up uown Swinging Movement To increase efficiency and productivity, get an
      86 words

  • Page 3 Advertisements
    • 592 3 mm HHI Hfl jaH jfl 1 ■■KL Does your new E-Class remind you of someone? f 'V f Supportive, intelligent and forward thinking-my new E-Class and Alice, my secretary, have a lot in common. They both seem to have an uncanny ability to help me avoid danger, whether it's a
      592 words

  • SINGAPORE companies
    • 705 4  -  16 firms seek to raise $270.8m through placement of 500m new shares By Joyce Koh THE strong stock market has fuelled a sharp increase in share placements by local companies. During the past week and a half, 16 have announced plans to place
      FILE PHOTO  -  705 words
    • COMPANY Briefs
      • 98 4 INDUSTRIAL footwear maker King's Safetywear Limited is selling 56 million new shares at 31 cents apiece in its initial public offering to raise net proceeds of around $15.5 million. The mainboard aspirant's IPO consists of 5.6 million public offer shares and 50.4 million placement
        98 words
      • 149 4 ACHIE VA Ltd is making a placement of 39 million new shares to Michael Loh while granting him an option to acquire another 39 million shares in an exercise that will raise some $17 million for the company. The subscription price of $0,195 per
        149 words
      • 58 4 PANPAC Media and China.com Corp have settled a dispute over an equity exchange and option agreement. Panpac had instituted legal proceedings against China.com over breach of obligations under the agreement last year. Panpac said it has discontinued the proceedings and both parties have agreed that
        58 words
      • 125 4 CHEUNG Woh Technologies said it has signed a joint venture with Changshu Zhongming Automobile Element Company to invest in Tysan Precision Engineering (Suzhou) Co in Jiangsu province, China. The principal business activity of the JV company is the development, manufacture and sale of
        125 words
      • 94 4 SINGATRONICS said it has disposed of a total of 20 million shares in Eastgate Technology in the open market at $0,235 per share. It said the proceeds from the sale will result in a net cash inflow of about $4.68 million. It will also result
        94 words
      • 169 4 MMI is making a placement of 73 million new shares, representing about 14.8 per cent of its existing issued share capital at $0,457 each. To facilitate and expedite the private placement exercise, substantial shareholders Teh Bong Lim, Tan Choo Pie and Choo Heng Thong
        169 words
    • 640 6  -  But operating revenue slips 1-3% as cellular and paging sales fall By Angela Tan MOBILEONE (Ml), Singapore's second-largest handphone operator by subscribers, yesterday unveiled a 3 per cent year-on-year growth in net profit to $35.9 million for the third quarter ended Sept 30,
      FILE PHOTO; BLOOMBERG  -  640 words
    • 290 6  -  $2.1m earnings helped by tax savings from Int'l HQ status By Joyce Koh ORNAMENTAL fish breed er and trader Qian Hu yesterday reported a 9.8 per cent year-on-year surge in third-quarter net profit to $2.1 million. The rise boosted nine-month net profit by
      FILE PHOTO  -  290 words
    • 482 6  -  Broader product range, China ops will drive expansion: CEO By Kenneth Lim OSIM International's net earnings rose 31 per cent year on year to $6.6 million for the quarter ended Sept 30 and chief executive Ron Sim says he has
      482 words
    • 495 6  -  By Serena Ng SINGAPORE Food Industries (SFI) yesterday posted a 5 per cent decline in net profit for its third quarter ended September to $6.7 million as its British unit S Daniels sweltered in the hottest summer the United
      495 words
    • 391 10  -  Comments come amid report that it may acquire 36% stake in CAL By Ven Sreenivasan SINGAPORE Airlines' foray into regional acquisitions could turn out to be another disaster if it does not win management control. This was the widespread view of analysts in
      BLOOMBERG  -  391 words
    • 389 10  -  Asian markets like S'pore, HK and S Korea most attractively valued By Joyce Koh WHAT should investors do when faced with higher interest rates, slower consumption spending and a weaker dollar from the United States? These were questions analysts from JP Morgan
      389 words
    • 443 10  -  By Serena Ng THEY called it a fresh trading idea, a promising growth story, or the latest jewel of Koh Boon Hwee. But labels aside, the sparkling trading debut of Tech Group Asia (TGA) yesterday surprised analysts and dealers alike. Shares of the plastic
      443 words
  • Page 4 Advertisements
    • 137 4 I swiss I International I Air Lines "Welcome to our new Swiss Business. Please take a bed." We want to make flying an expedience of excellence. For example, by offering a business class designed to let you relax even more. Stretch out in your spacious He flat seat for the
      137 words

  • Page 5 Advertisements
    • 135 5 La passion laisse des traces An Exhibition Nrw alarm GMTfunction, «~*>- ***>' tr M»I < B»'*w .'.|»'l «*+,mt'« w3SI 18Kyellow gold watch with 1 minute _5333®K retrograde counter and 65 Hours power reserve indicator Heir to a long and continuous tradition of inspired watchmaking, in particular the design and construction
      135 words

  • Page 6 Advertisements
    • 84 6 Vibrant growth in China Global Franchise markets Our nine months results for 30 September 2003 Key points: Strong OSIM brand, effective control over fast growing point-of-sales network, creation of demand for innovative products continued to drive sustainable growth Group turnover +19%, broad-based contribution from key markets China revenue +81%, strong
      84 words

  • Page 7 Advertisements
    • 161 7 I For our families, we often plan well I I ahead. I I Do the same with HSBC's global I I expertise in wealth management. I nKlit v M «j mjMB 32S| ijj II I t Get closer to achieving your goals for your expertise, as well as specialised knowledge
      161 words

  • SINGAPORE markets
    • Article, Illustration
      473 8  -  Compiled by VEN SREENIVASAN Arßdt Oct 20 doting: $1.05 A-REIT demonstrated its ability to generate organic rental growth by delivering respectable interim results recently. Net property income of $23.7 million and distribution per unit of 4.05 cents are 7.4 per cent and 14.1 per cent higher than A-Reit's
      Source: Bloomberg  -  473 words
    • 270 8  -  HOT STOCK WARRANT By Ven Sreenivasan SINGAPORE-listed shipping, transport and logistics stocks have shot up in recent weeks on a strong recovery in freight rates and a general pick-up in economic conditions. And if the performance of the local stocks is
      Source: Bloomberg  -  270 words
    • 493 8  -  BT comment STOCKS r. sivanithy STICK with the tried and trusted, except for an occasional diversion. Alternatively, make hay while the sun shines. And when in doubt, rotate. These were the mantras heard yesterday as a push on the banks sent the
      Source: Bloomberg  -  493 words
    • 608 8  -  BT comment CURRENCIES But euro leads others higher vs greenback larry wee US and Chinese officials disappointed those who expected the Chinese yuan to be lifted higher by President George W Bush's Asian visit, but an unexpected salvo from Europe hurt the US
      Source: Reuters  -  608 words
    • BROKERS' TAKE
      • 117 8 FUND manager Arisaig Partners, which became a substantial shareholder of Norelco Centreline Holdings in August, has taken profit on part of its stake after selling 1.13 million shares in the open market on Oct 16 at $1,334 apiece. This sale of a 0.48 per cent
        117 words
      • 130 8 FLEXTECH Holdings' chairman and substantial shareholder Au Sai Chuen last week sold a total of two million shares, or a 1.17 per cent stake, at an average price of 52.35 cents in a combination of market sales and a married deal. Mr Au sold 500,000
        130 words
      • 63 8 OAKWELL Engineering yesterday said listed instant coffee specialist Super Coffeemix Manufacturing had sold some 8.4 million shares, or a 1.4 per cent stake, between July 17 and Oct 16 at prices ranging from seven cents to nine cents a share. This reduced Super's stake in
        63 words
      • 118 8  -  Compiled by SERENA NG THE executive director of Hong Kong and Singa-pore-listed TPV Technology, Pen Tseng Kwan, last Friday sold 1.6 million shares in the monitor maker at an average price of HK54.425 per share. The HKS7.I million (Ssl.6 million) sale through JCP Venture Ltd
        118 words
    • Article, Illustration
      424 8 OTHER SINGAPORE INDICES Oct 20 VALUE CLOSE BT OB/OS 700.00 -160.00 BTCAM -*****.00 +8.00 BT 10-day MA *****.00 +70.00 AA-SG EquttMs 487.97 +1.52 SG EquitWt Ekct 179.16 -1.53 SG Equftm Fin 1548.71 +19.54 SG Equities Prop 455.34 -0.56 MSCf Singapore 220.54 +0.99 SiMSa Future* 221.80 +2.70 Stocks Volume Acma 5c
      424 words

  • SMALL caps
    • 967 9  -  Analysts say the share price may rise further but firm faces profit margin pressure further out reports KENNETH LIM KENNETH LIM IT HAS been a hot stock this year, but is CSE Global still worth chasing? While the bull run has sent the Straits
      Source: Bloomberg  -  967 words
  • Page 9 Advertisements
    • 110 9 BOOS MAJOfI SPONSOR True champions recognise true value when they see it All N« w You know y'n'io iooilv lot llto now Ki<i Matjontis because you have the ability to recognise true A/f, KT/ysr f i? v, 1111 < you in,. 01 Kin Mngontis has all the features of a
      110 words

  • Page 10 Advertisements
    • 288 10 Do you want to end your money pressures forever? Do you want to enjoy multiple streams of Income? It's time to take charge of your future without taking big financial risks or giving up your current source of income. Start with as Tittle as $250 and see your income multiply!
      288 words
    • 309 10 }hr KING S safetywear King's Safetywear Limited (Incorporated in the Republic of Singapore on 6 March 1993) Invitation in respect of 56,000,000 new ordinary shares of $0.10 each as follows:(a) 5,600,000 Offer Shares at $0.31 for each Offer Share by way of public offer; and (b) 50,400,000 Placement Shares by
      309 words

  • SINGAPORE news
    • 427 11  -  Govt launches scheme to make Republic a leading healthcare services hub By Chen Huifen THE government yesterday announced plans to develop Singapore into a leading healthcare services hub in Asia, with the aim to increase the yearly total spending by foreign
      427 words
    • NEWS Roundup
      • 81 11 THE Urban Redevelopment Authority (URA) will be exhibiting plans for Downtown at Marina Bay and the Business and Financial Centre (BFC) at the SWIFT Interbanking Operations Seminar (SIBOS) 2003 from Oct 20-24 at the Suntec City Convention Hall. The BFC site is expected to be
        81 words
      • 55 11 THE 3rd Raffles International Cup held last Saturday raised $130,188 for five charities. The beneficiaries are The Home Nursing Foundation, APSN Tanglin Special School, The Ang Mo Kio Family Service Centre (Cheng San), Singapore Leprosy Relief Association and Bright Hill Evergreen Home. The Lee Foundation made
        55 words
      • 83 11 CPG Corporation (CPG Corp) has been appointed by Canadian-based Royal Indian Raj International Corporation to master plan Phase 1 of the Royal Garden City—lndia's largest private real estate, which will be a fUlly integrated township development. One of Asia's leading consultancy firms that offers
        83 words
    • 177 11  -  By Arthur Lee THE banner says it all, or does it? According to Ricky Teo, Kah motor's marketing manager, the two-month-old campaign has been a success. Launched in mid-August, about 60 customers have driven away under the $1 downpayment scheme. Only about 15
      ARTHUR LEE  -  177 words
    • 290 11 US President George W Bush arrives in Singapore tonight on an official visit that underlines America's commitment to the region and augments the multi-fac-eted ties between the two countries. The visit is the first by a US president since Mr Bush's father, George
      290 words
    • 237 11 $50,000 needed to start an account INDEPENDENT adviser First Principal yesterday launched its investment advisory service, using a proprietary administrative and settlement platform costing more than $1 million. Set up in 1997, the firm has around 20,000 clients mostly from its core insur- ance advisory.
      237 words
    • 361 11  -  BT exclusive 24 laid off, 7 retired early doe to 'cost and profit' issues By Anna Teo MIZUHO Corporate Bank in Singapore has laid off 24 employees and retired seven older staff early. The downsizing amounts to less than 10 per cent
      361 words
    • 374 11  -  EYE on the economy gdp By Angela Tan DO not expect any upside surprises in Singapore's Gross Domestic Product (GDP) just because of the better-than-expected non-oil domestic export (NODX) figures, DBS EconomicMarket Research warns. "Upside surprises to growth is unlikely in 3003," DBS said in
      374 words
  • Page 11 Advertisements
    • 142 11 Buylt Kfe? Sell It. W Find It. c.a.t.s. Our qualified professionals Jp j can assist you with offshore structures, shalf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands "Z? Bahamas Mauritius Hongkong —-'I""- J- Samoa Full nominee, management secretarial, banking and corporate administration services are available.
      142 words

  • FOCUS property
    • 454 12  -  No substantial price difference with private apartments By Andrea Tan SINCE the first executive condominium (EC) was launched in 1996,8,382 caveats for the hybrid homes had been lodged up to August this year in the prima- ry market, or about one in
      454 words
    • 110 12 Bloomberg [LONDON] UK mortgage lending growth accelerated in September from the previous month, pushing gross borrowing to a record, adding to evidence that the housing market is rebounding, according to figures from two lenders' groups. Net mortgage lending rose £5.47 billion (5515.91 billion) from £5.31
      Bloomberg  -  110 words
  • Page 12 Advertisements
    • 840 12 wmwmmwi THE association OF UEfiflftilßJ BOARDING SCHOOLS With university admissions more competitive than ever, M A Dlf VOI IP American and Canadian Boarding Schools have a distinct IVIMfMx advantage in helping Asian students gain entrance into top CALENDAR! American universities. Boarding Schools offer small class size, individual Parents Students attention
      840 words
    • 81 12 THE RIVERWALK PRIME STRATA OFFICE Strata Area: 1,873 sq.m. (20,161 sq.ft.) approx. 99-year leasehold wef 15 December 1980 Near Raffles Place Clarke Quay MRT Suitable for office commercial schools For Sale by Tender Closing: 18 November 2003, Tuesday, 3pm IQE De ben ham J H Tie Leung Fully Air-conditioned Factory
      81 words
    • 17 12 Lianhe Zaobao m (double I I that of I I last year I I I I I
      17 words

  • REGIONAL news
    • 459 13  -  APEC FORUM They put aside differences to settle on text worked out at Cancun talks From Chuang Peck Ming in Bangkok LEADERS of the Asia-Pacif-ic Economic Cooperation forum agreed yesterday to help get the World Trade Organization's multilateral trade talks back on track
      AP  -  459 words
    • APEC Briefs
      • 162 13 AFP [BANGKOK] Thailand agreed to begin negotiations on a free trade agreement with New Zealand yesterday, and discussed trade deals with Canada and Hong Kong on die sidelines of the Apec summit, an official said. Thai Prime Minister Thaksin Shinawatra and his New
        AFP  -  162 words
      • 106 13 AFP [BANGKOK] Japanese Prime Minister Junichiro Koizumi and South Korean President Roh Moo Hyun agreed at a meeting yesterday to start formal negotiations this year toward a free trade agreement, a Japanese official said. "Both sides confirmed their agreement to begin negotiations on an
        AFP  -  106 words
    • 268 13  -  From Diana Oon Abdullah in Kuala Lumpur SHARES of Malaysian utilities group YTL Power fell about 2 per cent yesterday on reports that it won't take a half-share in the 1,400 MW Jimah power plant in Negri Sembilan. The shares traded
      Source: Bloomberg  -  268 words
    • 307 13 Bloomberg [BANGKOK] Ten days away from retirement, Malaysian Prime Minister Mahathir Mohamad yesterday tried to scuttle a US-led plan to revive stalled global trade talks when he said developing nations must set the agenda for future negotiations. The failure of World
      Bloomberg  -  307 words
  • Page 13 Advertisements
    • 125 13 The Sunshine Coast, the Gold Coast and the rainforests, Brisbane has always offered a choice of destinations. Keep discovering. S n ®|f t *A* I 'fljllft 4 19 Singapore Brisbane I Brisbane y Singapore DAY DEPARTURE ARRIVAL DEPARTURE ARRIVAL Daily flights to Brisbane from Singapore, starting 26 th October 2005.
      125 words

  • EDITORIAL & opinion
    • 756 14  -  THE bottom line OPINION anthony rowley PRESIDENT George W Bush's assurance given in Tokyo last Friday to the effect that the US continues to favour a market-determined "strong dollar" will have the same effect as the statement by the Group of Seven (G-7)
      756 words
    • 71 14 'Our studies suggest that hunter-gatherer societies offer full employment for all, simply providing the basic necessities of food and shelter.' Steve Wieting an economist, on how progress results from increased productivity, even if it causes the loss of some manufacturing jobs. 'The global economy isn't set up
      71 words
    • 580 14 EDITORIAL WHEN Moody's Investor Service upgraded Indonesia's sovereign ratings one notch from B3 to B2 earlier this month, it was confirmation that the country's economy had turned the corner. But the picture remains far from rosy. There is little doubt that the government in Jakarta has
      580 words
    • 1426 14  -  Washington is finding out that there are no geo-economic or geo-strategic short cuts for America's ambitions in Asia From Leon Hadar in Washington THE first meeting of the Asia-Pacific Economic Cooperation (Apec) forum which I covered as a journalist was in
      REUTERS  -  1,426 words
  • Page 14 Miscellaneous
    • 202 14 CRYPTIC CROSSWORD out before game (9) 29 frame (5) fleX ble 10 Patrick Moore? (4,9) Across: 1 Cat-o-nine, 9 Corpo- 15 Rex leaves quickly to make ral, 10 Smut, 11 Lose ones cool, DOWN sauce (5) 13 Pioneers, 15 Homing, 16 Ba--1 Inexpert dive caused by sag- 16 Essentially bluish-grey
      202 words

  • REGIONAL news
    • 431 15 JAKARTA Report underlines bank's resolve to check leakages in its project funding Bloomberg INDONESIA must account for the development loans it has received from the World Bank or risk being denied future disbursements, the lender said in a report backed by case
      Bloomberg  -  431 words
    • 450 15 KUALA LUMPUR Bloomberg RASHID Hussain Bhd, owner of Malaysia's third-larg-est bank by assets, plans to reorganise the group's shareholding structure to free up cash and pay debt, chairman Sulaiman Abdul Rahman Taib said. The move aims to "optimise cash flows
      Bloomberg; NSTP  -  450 words
    • 312 15 KUALA LUMPUR AIRASIA Sdn Bhd has sought the Entrepreneur Development Ministry's help to resolve the no-frills airline's problem in getting Singapore's approval to operate a ground transfer service, the Malaysian Business Times reported yesterday. Chief executive officer Tony Fernandes said discussions between officials
      312 words
  • 53 15 UNIT TRUSTS FUNDS LEGEND AH pncn tn m«fccjtiy» ncapt tor *Ei UncxjT Asm*v Irowty Diini ufwd I Hinaoly foriiwditUx—r IMc Low to Madwn Knk. a IMmii «o HMh Risk. Migtor Risk, open-cndad. ■•for* «üb«fcviaon of mitt; Aftar uitodrvwon of units V «ft*r stock split: N>- Nan DMfcng Day; M floor
    53 words
  • Page 15 Advertisements
    • 193 15 ¥¥T1 a 1* 1 J Presented Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... *HBW Treats (q»&^ Tho P/ace for Nostalgia Coolest Nightspot For A Nostalgic Time Relive the good old days wtth superb live entertainment brought to you by our all new band, "The Velvets*.
      193 words
    • 30 15 Get into the swing of Oktoberfest with our German set lunch featuring favourites such as Bratwurst, German Sausages and Braised Pork Knuckles. Set lunch at $19.80++ Weekdays in October only.
      30 words
    • 126 15 JHHb SlB Fresh Sriraon. tantalising W VBlwa. sucChlent Prawns and more. Now you can the ocean s catch with our irresistible L Sushi and Sashimi speaakoes a. Also available on the IF buffet are Tempura and Teppanyaki delights plus a other choices to satisfy your craving for exquisite Japanese delicacies.
      126 words
    • 99 15 I—va_n_s>T1 —va_n_s>T modish indian dining Savour authentic p Indian cuisine by the s HI Waterfront. W Gourmet Set Lunch R 12 noon to 2.30pm H Ss2o per person I Dinner Vegetarian/non-vegetarian Jw menus available Make your dining reservations with us at: Tel: (65) 6345 4466 Fax: (65) 6344 5344 Vanah
      99 words

  • Page 16 Advertisements
    • 2410 16 "dvcrtfo* call toll-fret 1800 289 8822 Email: notice>@sph com sR in nit matter ot THK COMPANIES ACT. CAP. 50 AND tsg management Pit: ltd (In Members' \ulunlin Minding I pi At an Hxlraordinary (General Meeting of ihc Company held at 42 Boat Qua). Singapore IHW M on the IMb day
      2,410 words
    • 110 16 -V?* v ~:*sv*V y... i' •V > _3« Golf is all in the head. To get a headstart, turn to PRGR. With our latest woods and irons, you're bound to make heads turn by increasing your flight distance and accuracy. (Available Now. New TR-X Duo Soft Driver for Men and
      110 words
  • WORLD news
    • 474 16 NEW YORK Growth in consumer business, investment banking boost figures Reuters. Bloomberg CITIGROUP Inc, the world's largest financial services company, yesterday said third-quarter profit rose 20 per cent to a record high, helped by double-digit growth in its consumer business and in
      Reuters.; Bloomberg  -  474 words
    • 260 16 TOKYO Bloomberg SONY Corp, the world's sec-ond-largest maker of consumer electronics, plans to cut as many as 20,000 jobs, or about 10 per cent of its workforce, by March 2006 as it stops making televisions in Japan and reduces administration costs, the
      Bloomberg  -  260 words
    • 349 16 NEW YORK But plan may not boost jobs at home, observers say Bloomberg The US Congress may cut taxes on companies' overseas earnings by as much as 85 per cent to encourage them to use the saved money to invest in jobs
      Bloomberg  -  349 words
    • WORLD Watch
      • 57 16 Bloomberg [LONDON] British Prime Minister Tony Blair will return to normal duties today, after treatment to correct an irregular heartbeat on Sunday that required him to be sedated, his spokesman said. The UK leader will hold a regular meeting with Queen Elizabeth II today,
        Bloomberg  -  57 words
      • 75 16 Bloomberg [TOKYO] Resona Holdings Inc and Japan's bank regulator must explain why the nation's fifth-largest lender increased loan provisions, triggering a 1.76 trillion yen (Ss2B billion) first-half loss, said Kouhei Ohtsuka, a member of the opposition Democratic Party of Japan yesterday. He told reporters he
        Bloomberg  -  75 words
      • 88 16 Bloomberg [LONDON] Carlton Communications pic, which two weeks ago won regulatory approval for its acquisition by Granada pic, has rejected a request by a group of shareholders to remove the chairman of the future combined company. The UK TV company rejected the call by the Fidelity
        Bloomberg  -  88 words
    • 528 17 LONDON Washington has no intention to talk down the dollar, he says Reuters US TREASURY Secretary John Snow says that US interest rates are likely to rise as the world's largest economy recovers. In an interview with Britain's Times newspaper, Mr Snow
      Reuters; REUTERS  -  528 words
    • 279 17 LONDON AMONG the factors driving growth in US corporate earnings and stock prices, one in particular is not getting the credit it deserves: the slide in the doUar's value against the currencies of the US' main trading partners, according to the Financial
      279 words
    • 324 19 LONDON Regulator seeks to tighten US control of hedge funds HUNDREDS of non-US mainstream fund managers could be forced to register with the Securities and Exchange Commission if the US regulator's proposals on hedge fund regulation come into effect, the Finan- cial
      324 words

  • Article, Illustration
    1132 17 Transaction date: Oct 20 EXTERBAXK CROSS RATES AS C$ Bwb Euro HK$ Ind fti Ihiptah Yen Won Ml N2$ Pak >s Peso S$ Rand Sir MTS Eafct Powid^ 0.914 5.763 0.595 5.382 31.40S 58.612 0.761 8.154 2.639 1.163 39.956 37.947 1207 4.993 0.923 23.550 27.745 0.414 0.695 Canada 1.094
    1,132 words
  • 1603 17 SICOM FUTURES Oct 20 RUBBER Futures (Closing prices) RSS1 (S ctntsAq) Ctos« Volume Open Month High Low Sett (tonnes) Interest No* 03 230.75 Dec 03 230.75 Jan 04 230.75 Feb 04 ***** RSS 3 (US centsAq) Volume Open Month High Low Sett (tonnes) Interest Nov 03 1 1 132.50
    1,603 words

  • 6 18 Transaction date: Oct 20
    6 words
  • 5 18 Transaction date: Oct 20
    5 words
  • 886 18 Transaction date: Oct 20 w rn O— Sfdi —w m O— Chjngt AlgreenSOc 0 39 1090 -0.020 NatStMl 50c 0 39 22S0 -0.010 C*C 0.73 5.850 *0.050 OCK 863 1Z100 -0100 Caprtaland 125 1 670 -0X120 Out 045 6 750 *0100 Chart ScrraCond 26c 163 1910 *0010 Parkway H2Sc
    886 words
  • 660 18 BONDS WARRANTS Pram timry Tel LHt Vol Com Uar Nk Cmt Mth Ca*t Clip my *1- C—> Wc» >■» UW 3698 AST1W*****1 -345 -1 159 t 16 -5 154 8 3697 Acma Ltd W*****6 13 unch 216 1 SO 329 8 00 13 3602 Amtek W*****0 138 3 154 1
    660 words
  • Page 18 Advertisements

  • 17 19 Transaction date: Oct 20 for live prices, log on to uru y u \asiaonpwa rkets.com
    17 words
  • 79 19 S2 TH Last Vol D«y LartQuot* GrOrv Dm GrVW Net MCjb Lorn Co4* Cowyy Sjte W- 000 *01 low ln»0 Sofcw C« W W 9600 89 6065 Diamonds US2060xd 21» 37* 3740 60% IS DJ US T«t« US3740 1010 6097 IS MSCI Spore US555 570 MS MS 6101
    79 words
  • 2172 19 52-Wk Ttf Last Vol Day Last Quote GrfNv Dry GrYW MM MCap jam Cat* C imp my Sal* W- C—I L— 8»yr Cw HI U* 24 7 5 5000 ABRHIdgsSc 21 unch 340 21 21 21 21.5 405 42 12 5 2101 APOUSc 41 *2 ***** 42 39
    2,172 words
  • 361 19 52-Wk Tal List Vol Day Lact Oust* GrtXv Dn GrYVd Mrl MGap m#i L—> Ca<» Co—p—y Sate w r«W I— —y S«fcr Cw >H !■> 183 865 60QC A V Jennings A25c A181 «2 295 183 181 181 182 40 8 8 5.S 6 9 3896 6001 Cathay
    361 words
  • Page 19 Advertisements
    • 87 19 lHt 'Tonight lime docs not exist. BlancPAIN MANUFACTURE DE HAUTE HORLOGERIE m+ u.'«c*ivU v*-* y*«»w~ IjßSSpli cortinawatch Raffles City #01-36 Tel: 6339 9185 Fl Millenia Walk #01-62/65 A Tel: 6339 1728 The world s thinnest Paragon #01-13 Tel: 6235 0084 A/zcdmc AljMa. Fashion Designer. P«m Flyback Chronograph. Lucky Plaza #01-32
      87 words

  • EMERGING enterprise
    • 705 20  -  The market for optical transport equipment is estimated to reach US$14.8b by next year in the Asia-Pacific. Raju Chellam reports Raju Chellam THE new communications mantra is photonics, or the use of light to communicate across devices or over the Internet. Photonics has been identified by Singapore as
      FILE PHOTO  -  705 words
    • 576 20  -  Taiwan views the photonics industry as one of the key sectors to be developed Reports by Raju Chellam i M£, marriage oi optics ana electronics has produced a new offspring, called optoelectronics, which includes a wide range of components such as lasers, optical disks, image sensors, optical
      576 words
    • 193 20 MORE companies offering fibre optic electronic components are looking to the Asia-Pacific region for growth and profits, according to a report by consulting house Frost Sullivan. "The current economic downturn and the uncertainties of telecom companies have made it imperative for
      193 words
    • 462 20 SINGAPORE'S nodal research and tech body, A*Star (Agency for Science. Technology and Research) has a fairly strong role in pushing nanotech and photonics off the ground. Here's a list of what A*Star institutes are doing in these two areas: Institute of Bioengineering and Nanotechnology
      462 words
  • Page 20 Advertisements
    • 149 20 0 Witness how ideas are exchanged, deals are made and partnerships are forged. OCT 2003 MON 2 7 OCT 2003 TUE 28 OCT 2003 WED 29 OCT 2003 THU 30 OCT 2003 FRI 3 1 i NOV 2003 SAT 01 Asian Enterprise Open Enviro Asia Photonics Source Conference World 2003
      149 words

  • SHIPPING TIMES
    • 258 21 Reuters THE Baltic Dry Index rose 59 points to 4363, the Baltic Capesize Index rose 99 points to 6770, the Baltic Panamax Index rose 29 points to 3985 and the Baltic Handymax Index rose 434 points to *****. TIME-CHARTER: Channel Navigator (built 1997) *****8 dwt delivery Shanghai 6/7
      Reuters  -  258 words
    • 308 21 SGX '000 Oct 20 SS W- Vol CM Offshore 0.42 0.01 ***** Chuan Hup.. 0.55 0.01 5795 Coico Investment 0.64 0.02 ***** CWT Distribution 0 62 -0.01 571 EzraHldgs 1.17 0.02 3043 Freight links 0.15 -0.01 ***** GB Holdings .0.72 -0.01 41 Jaya Holdings0 87 0.03 7481 K1
      308 words
    • 630 21  -  2nd qtr freight rates on Asia to Europe trade up 42% due to China's growth: report By Donald Urquhart [SINGAPORE] There is more good news for container shipping lines as more industry research points to a sustained recovery of freight rates through at least 2004,
      FILE PHOTO  -  630 words
    • 317 21  -  By Beth Jinks [SINGAPORE] China's largest shipyard will boost its annual building capacity to 2.6 million deadweight tonnes (dwt) by 2010, China's Commerce Ministry said yesterday, after the first phase of construction was completed on Sunday. Construction began four years ago
      317 words
    • PORT Shots
      • 98 21 [SINGAPORE] Japan's top container line NYK has introduced its e-commerce services to its intra-Asia shipments. Shippers using NYK's subsidiary feeder Tokyo Senpaku Kaisha (TSK) for intra-Asia trade will now have access to the group's online schedules, cargo tracing, and booking processes, in line with shipments on
        98 words
      • 65 21 Bloomberg [PANAMA CITY] The Panama Canal, the waterway that links the Pacific and Atlantic Oceans, said a section of the canal is closed for repairs. No delays are expected. A length of the two-lane canal will be out of service between yesterday and Oct
        Bloomberg  -  65 words
      • 123 21 [SINGAPORE] Mitsui OSK Lines (MOL) will expand its South American east and west coast services "to take advantage of huge potential for economic growth". MOL will upgrade the frequency of its ECSA/WCSA services to every nine days, in conjunction with Buenos Aires based Maruba
        123 words
    • 311 21  -  Last year's throughput record broken on Oct 14; forecast raised By Beth Jinks [SINGAPORE] Shanghai Port has already surpassed its 2002 throughput total of 8.61 million TEUs, assuring the booming facility of third place in this year's container league tables. Figures released by China's Ministry of
      311 words
    • 212 21 [SINGAPORE] Yang Ming Marine Transport has upped its full year pre-tax profit forecast by two thirds, citing "robust" growth in both containerised cargo volumes and freight rates. In an upbeat outlook, Taiwan's second biggest container line said it expects its pre-tax
      212 words
    • CONCORD jet
      • 674 22 The world's only supersonic passenger plane was beset by numerous problems right from the start AFP [LONDON] BEHIND Concorde's sleek curves and technical prowess lurks a history strewn with technical, environmental and commercial obstacles that have beset the world's first and only supersonic passenger plane
        AFP; AFP FILE PHOTO  -  674 words
    • 3 22
      3 words
    • 3 26 thebusinesstimes
      3 words
    • SHIPS IN PORT
      • 668 27 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E3240 J3 A/SIDE 21/10 010< CITRAINDAH JB103 J8/9 A/SIDE 21/10 030( HEIYO 41 J10/11 A/SIDE 21/10 060< MARC0P0L072 05/03J J3 A/SIDE 21/10 063C NEW PROSPER 10.02 J5 A/SIDE 21/10 130< NIC0 3 2010 J15 A/SIDE 21/10 063( SUMBER
        668 words
      • 2 27
        2 words
      • 141 27 Augl China: Founding Chi PLA. Aug 4 Australia: Picnic Day. UKingdom: Summer Hoi. Aug 12 Thailand: Queen's Birthday. Aug 15 France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Aug 17 Indonesia: Indepen Day. Aug 24 UKingdom: Summer Holiday. Aug 31 Malaysia: National Day. Philippines: Nat Heroes
        141 words
      • 800 27 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in L'S dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indi cated. The Cockett Bunker Price Index change and
        800 words
      • 85 27 U/T unflttaraMa Thto nptfl Is MM Ml MM*m as malyiX »V O* V Patrstawn Sanricas «M It a* abstract trwn tte«r mm «MHty (tatWlcs »Meh to malM t* »*rt»cl»*Un< Kay bunfcar aartl Kavt b—n yim»H In fwrtoNm r«ttin»tOf bcavWy. Ciimlm has bMi mad* wttti tIM IntarnattoMl
        85 words
    • AIR & LAND transport
      • 752 28 Rises in revenues from non-aviation sources will help make up for cuts Bloomberg [TOKYO] New Tokyo International Airport Authority will probably cut its landing fees, the world's most expensive, in the year starting April 1, 2005, as it increases revenue from
        Bloomberg; BLOOMBERG  -  752 words
      • 360 28 'Open skies' pact precedes plans to negotiate US-Thai FTA Bloomberg [BANGKOK] Thai Airways International said its cargo business will "shoot up" following an agreement between the Thai and US governments to remove restrictions on the frequency, timing and pricing of cargo
        Bloomberg; AFP  -  360 words
      • 337 28 Reuters [BANGKOK] FedEx Corp, the world's largest air-ex-press delivery company, said on Sunday it will add 100 Chinese cities to its network over the next five years and predicted the Asian air cargo industry would boom as the region liberalises. FedEx
        Reuters  -  337 words
      • LOG Book
        • 105 28 Bernama [SEPANG] Passenger arrivals at the Kuala Lumpur International Airport (KLIA) are expected to increase by 4 per cent this year against last year's 16.4 million. Transport Minister Chan Kong Choy said yesterday. He said this would contribute positively to KLIA's earnings for the
          Bernama  -  105 words
        • 85 28 [SEOUL] Korean Air, Asia's fifth-largest carrier, plans to offer separate flights to Cairo and Dubai to meet growing business and tourist travel demand in the Middle East. The Seoul-based airline will offer three weekly flights between Incheon and Dubai starting on Sunday and two
          85 words
      • 200 28 Reuters [SYDNEY] Australia's Macquarie Airports (MAp) said its almost half-owned Sydney Airport showed a 13.2 per cent first quarter earnings rise. Sydney Airport's earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13.2 per cent to A 598.08 million ($67.6 million) for the first
        Reuters  -  200 words
      • 292 28 Govt's 36% stake to be sold by year-end; SIA denies report it is interested Bloomberg [TAIPEI] Taiwan is seeking a strategic investor to buy the 36 per cent stake in China Airlines that the government plans to sell by the end of
        Bloomberg  -  292 words
      • 410 28 AIHLiNt UUUtb m vnencantrwiesiw.l nr France I¥H).AI to Mm (AC). AY FmarOy(FM) AZ AkOa Artnes (AZA) BA Bntsh Annoys Pub* LH Co (BAWi BG Bman Bangladesh Arms (BBC) Bl Royal Bnmet Arms SOnBhd'RBA) BO BouraQ Artnes (SOU) BP EVA toways Corpn (EVA) CA to On (CCA)
        410 words
  • Page 21 Advertisements
    • 14 21 cargo business to surge BACK PAGE Concorde: A history of supersonic setbacks PAGE 2
      14 words
    • 421 21 PEOPLE SOUTH Korea has named Chanq Seung-Woo as its new Minister of Maritime Affairs and Fisheries, replacing controversial short-term Minister Choi Lark Jung who was sacked earlier this month. Mr Chang held the vice ministry position between 1996-1998. AWARDS RADISSON Seven Seas has been voted the Best Small Ship Cruise
      421 words

  • Page 22 Advertisements
    • 640 22 IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) awrnanuiiiewmwatw) AUBTRAUA ASIA EXPRESS (AAX) vessu vor lg< sin pug am wo w* wio «e__sw__pkg_ PIO NEDUOYD STUYVISANT 19W41 IS/10 02/11 04/11 mUW 11/10 1,/10 15/10 17/10 21/10 24/10 M/ 1° PIO NEDUOYD TASMAN 17W42 22/10 09/11 11/11 MY,( M,of 20/10
      640 words
    • 509 22 K Lines services represented by {gSt* of fh. hg.«y o( •"»'»> f |C§lf *««M Shipping Agans, U 9 K Singapore Shipping Association K>c 00 ULY UWE MALE" AVESSEL VOY ETA ETA ETA A t. KLAMG SPORi MALI Princess Lily 1003 23/10 25/10 03/11 Mold Star 543 A 03/11 05/11 13/11
      509 words

  • Page 23 Advertisements
    • 1114 23 TO USA (SAX SERVICE) VESSEL VOY SIN ETA LAX OAK DAI HOU CHI COl MEM 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 29/10 13/11 17/11 U/ll 18/11 18/11 18/11 18/11 21/11 21/11 API SCOTLAND 121E 05/11 20/11 24/11 25/11
      1,114 words
    • 1885 23 r < < MONTNIY CONTAINERISED SERVICE TO SOUTH PACIFIC ISLAND OF C<MTaFsh!pp?MG PTE LTD "SS"'* SSffil/u ""tSSST I SUVA LAUTOKA (Fill) gg. ggJJ/J PAPEETE (TAHITI) JOHM'SOma CONVWTIOtIAI *****450 *****204 I COSTAR AGENCIES (Ml SOW IMP TIL 07-*****44 PA! 07 *****70 yyyvoY sgp hig sma din iin dm uu wo ii*
      1,885 words
    • 505 23 jbul M-gmTST -OB sw IK- vcsa voy TIP stG itr GANTABHUM NOBS 24>tF 29/10 W10 4/11 i/11 S7Tl K1TI1HUM 324S M/10 29/10 AMAH BHUM N794 W" "j7iT~ 170" HJW1W1W WTIBHUM 325S 1/11 4/11 5/11 HUNSA BHUM H074 7/11 112/11 113/11 11/11 20/11 22/11 |flTl BHUM 326S t/11 111/11 12/11 MNS
      505 words

  • Page 24 Advertisements
    • 542 24 CI Ail A C ENOUrniES/BOOKINOS: *****344 PAX: *****433 E-MAIL: <Mma*«<Mmas.cOAi.aa UCL IYIM9 DOCUMENTATION 6/OPE RATIO N6: *****637 MX: 633*0177 MIMS CSKfTMM IMB FUUCONTAMB SQtVKI TO WIST AfttCA fk EUtOff vtssa I voir smmtom I kmtuung uhavm i~ dam* ianjui Conakry 3IBW 27/10 7»/10 12/11 2S/11 71/11 74/11 VwbFfdw i 316W
      542 words
    • 582 24 wan hai lines V 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 NORTRANS SHIPPING AGENCIES A/ (y JS 29 Int'l Business Park *05-05 Acer Blda Tower B S-*****3 V #WV-r#l I Tel:
      582 words
    • 651 24 BSfl x MYANMA 888 FIVE STAR LINE {Myonoi NIIIomI UM) Loading lor Ycmgon VISSEL VOT SIN PKL KM PGU PAGAN 306W SID HfA-AM 307W Sift IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUL 03-*****)00 PKL 03-*****101 PEN; 04-*****02 BANK LINE (A stfvict of Aadrtw Woir Shipping) NORTHBOUND TO EUROpT" V CONTAINER, ROM),
      651 words

  • Page 25 Advertisements
    • 1324 25 VtSSCt VOY KHH HKO I SIN PKI I DXB BAB DMM BIK CAPCFRIO PC! 8009 SKIP SKIP 05/11 04/11 IS/11 16/11 22/11 24/11 IRAN LOHISTAN PCL 8010 SKIP SKIP 08/11 07/11 18/11 19/11 25/11 27/11 IRAN HORMOZQAN PCL 337 11/11 12/11 15/11 16/11 23/11 24/11 30/11 02/12 IRAN TIHRAN PCL
      1,324 words
    • 681 25 UK CONTINENT SERVICE Loading for GOKCAN RTM/ATW/BMN/UK/NAN Loads Sngapore, EVW Malaysia Indooesa MIDDLE-EAST SERVICE Loading for DORIAN STAR DBI/ABU/DOH/BRN/DM M/KWT MARAKOT NAREE DBI/ABU/DOH/BRN/DMM/KWT J FRIEND JDH/AQA 'Loads Singapore. EVW Malaysia 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 for
      681 words
    • 746 25 -ffisa m m tai ykm wy"' hcumm losm UZlfi !iZIS_ _EA£_SUUI lfi22 i*/io it/ir~ mmM 10SM I*/10 IZZlfi iUMUTi 7 MM M/ia w/ia P*C MMPA 10S9W 11/10 -CALiULU in« M/IO ?s/in "CIAMPA 1040N 20/10 W/19 PA(HWUN 9224 24/10 M/lQ r/sc iawa io*m zmi 21/10 PXIAWDA iot?H 22, io 23/10 PAC
      746 words


  • Page 27 Miscellaneous
    • 134 27 Jr- f FOR 7AM 21 Oct 2003 A u' i'i"nj| i>f|y» n Hi l tj'fi' f "-ilYMT''''li "i 1 '"lii m 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 o°® ha, f fleche represents 5
      134 words