The Business Times, 4 November 2003

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Total Pages: 28
1 28 The Business Times
  • 16 1 JIMXA (jP) Q24/03/2003 850 THE BUSINESS TIMES SINGAPORE lie I'-.tp: //business-times,asial com.sg TUESDAY. NOVEMBER 4. 2003
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  • 837 1  -  It says issues had been addressed, relevant info already disclosed By Serena Ng [SINGAPORE] Nat Steel yesterday hit out at the Securities Investors Association of Singapore for raising issues relating to the failed management buyout and eventual takeover of Nat Steel
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  • 572 1  -  0-interest OD, bridging loans converted to term loans later By Andrea Tan UNITED Overseas Bank yesterday offered a "first" in the fiercely competitive home loan market with zero per cent interest on mortgage overdrafts and bridging loans. Under the bank's new mortgage overdraft
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  • 73 1 □«n 1,760.81 (+37.10) ST INDEX FUTURES 1,770.00 (+45.00) MSMSCI FUTURES U 210.20 (+5.80) Monday Change KLSECOMP 813.09 403 NIKKEI 225 Closed HANG SENG +196.71 SET INDEX 659.96 *2051 JAKARTA (JOMP _617i6 -H29 MANILA COMP .1,41 l£9 1252 TAIPEI WP1 6.***** +4133 SEOUL COMP 791.96 +960 SHENZHEN B 275.64 12.16
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  • 658 1  -  BT exclusive But it's above 2.7% average for 47 countries: study By Chuang Peck Ming [SINGAPORE] Nearly 8 per cent of publicly-listed companies in Singapore have political links, according to a recent study of 20,202 pub-licly-listed companies in 47
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  • 76 1 FOREX RATES US$ S$ l!S$ (S$ per l'S$) 1.743 SflJi&'SS per 1.695 1966 DTW)(1'S$/S$/E). 1.158 1020 YEN 110.3 633U RM 3.800 2.180 HK$ 1.196 4.456 BAHT 3944 2192 RI'PIAH (1507 4JW0 RENMINBI 8198 1761 INDIAN Rl'PEE 4531 2600 A$ 1.411 0.809 NZS 1.627 0.933 HOME RATES SINGAPORE* 535 MALAYSIA
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    • 515 2  -  Sorak confirms its consortium member ICB is owned by ex-M'sian minister From Eddie Toh in Kuala Lumpur FORMER Malaysian finance minister Daim Zainuddin has emerged as a partner in a consortium including Singapore investment agency Temasek Holdings that is close to clinching
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    • 171 2 Country distribution of firms with political connections %of fnm tmmM %ol*me OanHM M%al mMttar, MP, M%«f Argentina OOO O.OCT Mexico 8T51 8.14 wfSBt 070 052 Netherlands 0.42 0.01 Austria 0.91 026 Now Zealand 0.00 0.00 Belgium 3.82 ,10.77 Norway 0.00 0.00 Brail 0.00 0.00 Biru 0.00
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    • 37 2 IN the article "Seven scientists join biomedical council" (BT Weekend, Nov 1-2), we said the Centre for Molecular Medicine aims to drive transnational research. It should have been "translational rcsearch.'\ We are sorry for the error.*"
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    • 630 2  -  EYE ON THE ECONOMY Improved sentiment reflected in 3 separate surveys By Andrea Tan, Chuang Peck Ming [SINGAPORE] Businesses are turning more optimistic about Singapore's economy as the closely watched manufacturing purchasing managers' index (PMI) fifth straight month, thanks to a stronger us
      Source: SIPMM  -  630 words
  • Page 2 Advertisements
    • 376 2 Financial Reporting Update 2003 18 November 2003 (Tuesday) 9iam to 130 pm I Marina Mandarin Hotel GM^|wJ I (6 Raffles Boulevard, Marina Square) V^vn^/ Lewi t Taurus Mmfwapn Important changes have taken place this year that will affect a company's financial statements for the year ending 31 December 2003. This
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    • 75 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 10 ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T:+6s 6535 3382 F: +65 8535 3991 E singaporßdocra.com.sg 24
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  • Innovation Singapore
    • 1937 3  -  Keeping up with evolving trends has helped Teckwah to transform itself from a simple box and packaging printer to a supply chain and logistics provider. Daniel Buenas reports Daniel Buenas TECKWAH Industrial Corp is truly a homegrown, heartlandborn company. It started out as a simple family
      CHRIS LOH  -  1,937 words
    • 651 3 THOMAS Chua, chairman and managing director of Teckwah, believes that one of his company's competitive strengths is its people, and in order to maintain that strength, the company has consistently kept a strong focus on staff training. "We have benefited from providing training to our staff as
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    • 147 3 1968 i Took Wth Song Kee Company eslabSshed ao solo prapfMOfSNp to mane popor ooocos I»7fc Rogtalom as private Imllod company and changes nama to lock Wsh Paper Products to position Heetfas a packaging printer tor toy, consumer electronic I and food bevorage MuMm cofTvnovuHU pnrmnp. 9002 cortftcation by
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  • Page 3 Advertisements
    • 64 3 QiganiKiomoowniatedlolwSGCoow^aniyyedrfntiMirbuiiiwatetwiyiawieiiaiiwri. ililliliU And odopf a laid approach ihot seeks to sustain business success. MjlUllr Over 1,000 organisations are implementing #w SQC. About 400 ofganiutons vrili some Y' 300,000 staff have <» dandord. They hove been reoognised for twirocmmfceenlto m machieving woHddoii business sxcfllsnos. SPRINkJ ~[)T II 1 •Yi n'tj tti■
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  • SINGAPORE companies
    • 741 4  -  BT exclusive Its S'pore unit CSA will spearhead push for IT and BPO deals in the region By Raju Chellam US-BASED Computer Sciences Corp (CSC) wUI leverage its Singapore-listed subsidiary CSA Holdings to push for more IT and business process outsourcing
      CHRIS LOH  -  741 words
    • 771 4  -  HOCK lock siew wong wei kong OF late, annual general meetings (AGMs) of listed companies have seen angry chairmen, stubborn shareholders and marathon sessions, but one thing has been conspicuously absent: the fund manager with a question to ask. The quality of AGMs, and
      771 words
    • 300 5  -  Deal seen as long-term strategic partnership by both parties By Tang Weng Fai MOBILEONE (Ml), Singapore's second largest mobile phone operator, yesterday signed a deal with the world's largest operator, Vodafone, to provide roaming in the local market. Ml will offer roaming and other international
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    • 494 5  -  It has 40.8m customers at end-Sept, thanks to growth at Asian associates By Angela Tan, Tang Weng Fai SINGAPORE Telecommunications' regional mobile phone customers reached 40.8 million on Sept 30 this year, a 41 per cent jump from a year ago as its regional
      494 words
    • 274 5 Reuters ST Assembly Test Services, the world's fifth largest chip tester, said yesterday it would increase factory capacity for an expected sales rise as the semiconductor industry recovers from a three-year slump. The company plans to convert 45,000 sq ft of office space in its
      Reuters  -  274 words
    • 421 5  -  By Serena Ng SHARES of Jurong Technologies Industrial Corp surged more than 16 per cent in heavy volume yesterday to end at a record $1.27 after three research houses issued bullish earnings previews two days ahead of the electronics group's results
      Source: Reuters  -  421 words
    • 237 5  -  By Andrea Tan LOGISTICS firm Airocean Group has entered into a call option with Clopton Associates for 55.5 million shares, or 13.62 per cent of its issued share capital, at 26.5 cents each. Airocean said an option fee of almost $1.4 million
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    • 471 7  -  It pomps in another US$0.5m, raising its investment to US$4m By Daniel Buenas SESDAQ-listed online hotel reservation company Asiatravel.com yesterday invested another US$5OO,OOO in Valuair, raising its stake in the Singapore budget carrier Valuair to US$4 million or 10.81 per cent of the
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    • COMPANY Briefs
      • 68 7 AXIS Systems Holdings said its parent, Silverlake System Sdn Bhd, has won a deal to supply customised front-end banking solutions to the People's Bank of Sri Lanka. The deal, the first won by Silverlake in Sri Lanka, is expected to have a positive impact
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      • 29 7 TKT i A ,1-nH new Aaron directors SUBSTANTIAL shareholders Neo Kim Hock and Chan Sing En, who bought into Adroit Innovations recently, have become non-executive directors of the company.
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      • 62 7 MAINBOARD-LISTED CSE Global, which deals in systems integration and engineering solutions, yesterday announced that die public tranche of its associated company eßworx Berhad's Mesdaq IPO was subscribed 124 times. The EPO consists of 50 million new shares at 33 sen each, of which two million were for the public,
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      • 46 7 BELEAGURED IT firm ei-Nets said a winding up petition against it by Yeo Nai Meng has been withdrawn. ei-Nets said it has made payment of the judgment sum awarded on May 9 against the company. The petition was withdrawn on Sept 30.
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    • 302 7  -  SGX wants more details of planned acquisition By Kenneth Lim SESDAQ-listed See Hup Seng yesterday extended its share trading suspension after the Singapore Exchange asked it for more information about a proposed acquisition. The blasting and painting specialist suspended trading in its shares on
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    • 538 7  -  By Loh Hui Yin ANOTHER Chinese consumer goods company is offering its shares to Singapore investors. Beauty China, which owns and manages the Colour Zone brand of cosmetics and skin-care products in China, hopes to raise $15.7 million through a listing
      ARTHUR LEE  -  538 words
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    • 57 4 The battle of the irons. It's also a battle of the sexes. cGoosen Lam Chih Bing Jesper Parnevik mte. Annika Sorenstam H Jt .f j v'• i 5 I-, f\j -.v inn- "*OC3 Hurry! Book your ticki ts .it SISTIC now' 11 Tin.i!i Mc lh V C (t( Adult $80
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  • Page 5 Advertisements
    • 339 5 Not all business deals isb-wus bm*i > Program on Doing 111 Asia are llCQOtiated in Business in Asia 29 Nov-15 Dec 2003 TOp Program fee: US$B,OOO lUU I* lIHU SWMMfi In UUI OBMIUOIIII. H A 12-day intensive program in Hyderabad, Singapore and M Shanghai, the course offers frameworks, perspectives and
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    • 12 5 >• -V*: ik Vietnam Airlines www v«»«oomoW:ives.com DringinQ Vietnomese Culture ro rt"«e WorKJ
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  • Page 6 Advertisements
    • 2502 6 EU YAN SANG INTERNATIONAL LTD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at River Room, Asian Civilisations Museum, 1 Empress Place, Singapore *****5 on 19 November 2003 at 3 pm for the following purposes: AS ORDINARY BUSINESS
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    • 2000 6 SB PERTAMA HOLDINGS LIMITED fe (Incorporated in the Republic of Singapore) i ggg£* NOTICE OF ANNUAL GENERAL MEETING i NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 315 Outram Road #01-01/02 Tan Boon Liat Building. Singapore *****4 on Tuesday, 18 November 2003
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  • Page 7 Advertisements
    • 56 7 JKT Raffles Hotel is pleased to announce the engagement of the services of several exceptional individuals from the world of haute cuisine and fine vintage wines. As a precaution, we suggest you dear your diary for a week of indulgence at 5\ this most auspicious occasion where details of an
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  • SINGAPORE markets
    • Article, Illustration
      566 8  -  Compiled by VEN SREENIVASAN IWMOwmasßnk tor $13.70 A LACKLUSTRE set of results which Bgrmilßil forecast only because of onedff gains from the sale of investment securities and better than expected contribgftion from securities trading. Net "jtefltrose 1? per quarter-on-quar-to 1210.7 witliym Maintain SELL Current year forecast has been
      Source: Bloomberg  -  566 words
    • 266 8  -  HOT STOCK WARRANT By Ven Sreenivasan THE strong recovery in the global HDD sector has meant that many Singapore-based contract manufacturers who service this industry are on a winning wicket at the moment. One of these is Brilliant Manufacturing. The stock of the company, which
      Source: Bloomberg  -  266 words
    • 508 8  -  BT comment STOCKS ven sreenivasan THE Straits Times Index yesterday posted its biggest single-session gain in more than a month as blue chips and tech stocks were chased up on earnings optimism. Sentiment was also boosted by positive economic news especially
      Source: Bloomberg  -  508 words
    • 651 8 Bloomberg [TOKYO! The dollar rose in Asia on speculation that reports this week will show US manufacturing activity increased in October to the highest in almost four years and the economy added jobs for a second month. The US currency extended gains after having
      Bloomberg; AFP  -  651 words
    • TRADES TO WATCH
      • 73 8 CHOONG Wei Siong, an independent director of clean room equipment specialist Kyodo-Allied, yesterday sold most of his shares in a "willing buyer, willing seller" deal, according to a company filing with the Singapore Exchange. Mr Choong sold one million Kyodo-Allied shares, or a 0.84 per
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      • 103 8 FUND manager Prudential Asset Management, which became a substantial shareholder of Ses-daq-listed Innovalues Precision at the end of September, has sold part of its holding following trades last week. It bought 279,000 shares in the open market on Oct 29 at $1,857 per share through DB
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      • 83 8 HSBC Asset Management (Hong Kong) has raised its shareholding in dual-listed monitor maker TPV Technology following an Oct 30 open market purchase of 7.15 million shares at an average price of HKS4.069 (S90.913) per share. Its acquisition of the 0.53 per cent stake has raised
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      • 66 8 KHOO Bee Leng. the wife of TPA Strategic Holdings' chief operating officer and director Lye Chee Pel, has acquired 667,000 shares of the Sesdaqlisted aviation services company at 20.5 cents apiece. Her purchase on Oct 31 raised Mr Lye's deemed stake in TPA from
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      • 104 8  -  Compiled by SERENA NG A SUBSTANTIAL shareholder of Kian Ho Bear ings. South Asia Textile Industries Pte Ltd, bought 135.000 shares at 17.61 cents apiece in the open market on Oct 31. The purchase was the third since Oct 17 by the company, in which
        104 words
    • Article, Illustration
      380 8 OTHER SINGAPORE INDICES Nov 3 VALUE CLOSE BTOW -678.00 +142.00 WOBI -*****.00 +236.00 MTi§-4mmA -*****.00 -68.00 IBfpJIw 479.31 +9.22 MirpJlMfllil 172.75 +1.96 MruWnFh 1522.32 +37.68 HKplHhM 459.49 +15.64 Mmvmmm 218.00 +4.27 SNMMmm 219.20 +5.80 KXD 45c 48.068.000 Chart SerrtCood 26c 2L729.000 HortaonEduc 5c 21.472.000 Juror* Tat* 10c 19.563,000 C«ray»2.5c 16.576.000
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  • SMALL caps
    • 378 9  -  By Toh Hooi Ling OUR small cap portfolio slipped 0.7 per cent from a week ago, with Norelco Centreline's and Eastern Asia Tech's (Eastech) 20 per cent foil being the biggest drag. Norelco's share price fell after It disclosed a $271 mflHnn to
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    • 758 9  -  It is doing well in China and in its building materials sales, says ANGELA TAN ANGELA TAN WITH so many construction companies reporting losses and going bust, it's hard to believe that Hong Leong Asia, once a mere supplier of building materials, should
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    • 456 9 HONG Leong Asia's chief executive officer Wrix Gasteen is so confident about the sustainability of the group's China business that he is actively looking for acquisitions and may continue to raise stakes in its existing units. "Since our transformation in December 2001, we are on a
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  • Page 9 Advertisements
    • 272 9 P. '4f. Raffles Grill Chef David Mollicone 'Unleashes the Flavours' with specially-prepared menus for lunch and dinner designed to tempt the palate and engage one in new culinary adventures. 1 SPECIAL GUEST APPEARANCES: PREMIERE EPICUREAN EVENTS INCLUDE: Top French wine makers Dominique Laurent from Burgundy, Award winning Pastry Chef Norihito
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  • SINGAPORE news
    • 615 10  -  Asia-Pac firms not up to par in terms of corporate responsibility By Daniel Buenas COMPANIES in the region are not meeting the expectations of what stakeholders view as leading attributes associated with corporate reputation and responsibility, according to a newly released
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    • 246 10  -  By Chen Huifen FOUR local organisations were recognised at the biennial Singapore Innovation Award yesterday. Singapore Technologies Engineering was named Innovative Organisation of the Year for its overall achievement in strengthening innovation capabilities. ST Engg is responsible for the radio frequency book-tagging system used
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    • 364 10 Industry veteran: S'pore faces strong rivals in HK, China SINGAPORE needs to create a pool of specialised con-tent-investment funds if it is to become a media financing hub in the face of strong competition from Hong Kong and China, says an
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    • 520 10  -  Temasek said to be looking for partner to buy stake By Siow Li Sen THE Carlyle Group-led consortium has confirmed it is selling its three-year-old strategic stake in Koram Bank, Korea's seventhlargest bank. After weeks of rumours including the names of potential buyers, such
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    • 356 11  -  Its Tuas centre is largest single-client warehouse facility in Singapore Reports by Samuel Ee DAIMLERCHRYSLER'S Regional Logistics Centre in Singapore is a firm endorsement of the republic's position as a leading global logistics hub, Environment Minister Lim Swee Say said yesterday. Mr Lim was the guest
      CHRIS LOH  -  356 words
    • 242 11  -  By Kenneth Lim SINGAPORE has appointed four prominent businessmen and professionals to diplomatic posts. The countries are Ghana, Switzerland, Finland, Panama, and Chile. Senior counsel Giam Chin Toon, who heads a special committee to relook controversial rule changes at the Law Society, will be the
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    • 632 11 A GOOD infrastructure and supportive government policies are prerequisites, but what appears to have clinched the deal for most automotive companies when choosing Singapore as their regional base is its skilled labour force. Take Germany's DaimlerChrysler, for instance. The world's
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  • Page 10 Advertisements
    • 25 10 There's nothing strange about building cars frorr natural fibres. To find out more about our resource conservation initiatives and our biofuel projects, please visit www.daimlerchrysler.com.
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  • Page 11 Advertisements
  • Page 11 Miscellaneous
    • 272 11 CKTPTIC CROSSWORD ACROSS 4 A crime organised by a coun--7 Career golfer carrying little (7) weight on course (9) 5 Producer of "The Mummy"? 8 Unambitious within range (8) (5) 6 Bass player? (9) 10 He anticipates returns from 9 Problems taking lop off tabvoters in turn out (8) (4)
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  • FOCUS property
    • 940 12  -  Kalpana Rashiwala weighs the likelihood of this happening, after a two-year halt Kalpana Rashiwala AN important government announcement affecting the property market will be made next month the Government Land Sales (GLS) programme for first-half 2004. The Ministry of National Development will reveal whether it will resume
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    • 282 12 CITY Developments' Monterey Park condo in the West Coast averages $585 psf, and the property giant is reported to have sold about a dozen units during a preview of the project over the weekend, BT understands. This pricing applies to the first batch
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  • Page 12 Advertisements
    • 558 12 Mt Emily Road Residential Site For Sale Lanci area Qpprox--73,913 sq ft Plot ratio 2.1 *n> mlmmm 5 minutes walk to MRT A station Is Close to St. Margaret's I 1 Lm Primary School a. !2i i a Tender closing Mi I 21 November 2003 at 3pm J/Lm > Contact:
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    • 50 12 OCEAN ESTATES INTERNATIONAL PROPERTY EXHIBITION Invest in your dreams... Z l(Ulj jllMi IZ > Q z MjjgjfJWlffliM 7z m mSSSmBSB Igti 1 wrF'M'rli'ttt jM x w. o c eanesrates.com 7 M< r< cd-'x Urn/ In f rn.ilKunl I'rMj). i(\ \u.inl> |i. Kf.;,v V 11! Jmiij n; ir \v\ .t r.
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  • REGIONAL news
    • 577 13  -  He's expected to relinquish one of the positions after the general elections From Eddie Toh in Kuala Lumpur NEW Malaysian Prime Minister Abdullah Ahmad Badawi, who is also the Home Affairs Minister, has taken on the powerful finance portfolio, but analysts said it could
      AFP  -  577 words
    • 358 13  -  From Diana Oon Abdullah w Kuala Lumpur ING Research has called a "sell" on newly-listed Astro All Asia Networks, with a 12-month target price of RM3.36 8 per cent below the IPO retail price and 17 per cent lower than the RM4.06 IPO
      358 words
    • 351 13 KUALA LUMPUR Reuters A MALAYSIAN road-building consortium is close to clinching a RM3.2 billion (511.5 billion) government contract to build an expressway along the country's west coast, sources close to the deal said yesterday. A plan submitted by (Consortium LPB Sdn
      Reuters  -  351 words
  • Page 13 Advertisements
    • 393 13 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER Ss) AND IN THE MATTER OF LIANG TECK HUNG (PRIVATE) LIMITED (IN LIQUIDATION) (Members' Voluntary Winding-lip) NOTICE OF FINAL NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. (Chapter 50) that the Final General Meeting of the Members
      393 words
    • 41 13 WWW.MONTBLANC.COM 11 i i r NEW S'NCF 1924 V' Y J IS THAT YOU? f- 1 f y MONT w BLANC 1 I IL 1, g i j i MONTBLANC BOUTIQUES: CHANGI AIRPORT TERMINAL 2, NCEE ANN CITY, PARAGON, RAFFLES CITY.
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  • EDITORIAL & opinion
    • 672 14  -  THE bottom line OPINION david derosa Bloomberg EXPECT more of the same policies from the Bank of Japan for the indefinite future. Hie BOJ will continue to keep the short-term interest rate at or near zero and afford modest growth in the monetary base. The
      Bloomberg  -  672 words
    • 136 14 'Dislike of rich people goes very deep. They feel the rich did not get their money in an honest way. And in part, that is actually true.' -Leonid A Sedev an analystfor the Russian Center for Public Opinion Research, an independent polling company, on the arrest of
      136 words
    • 631 14 EDITORIAL ALTHOUGH listed companies may prefer not to have shareholders question them on how much they pay directors and top executives, the fact is that there are few more effective checks against excesses in corporate pay than shareholder scrutiny. Last month, the Singapore Exchange (SGX)
      631 words
    • 2096 14 NATSTEEL'S REPLY We reproduce below excerpts of NatSteel's responses yesterday to questions raised by the Securities Investors Association (Singapore) (Sias) in its letter dated Sept 23 MiKtunl Financial Results Cash available for distribution The Sias letter refers to (i) Nat Steel's circular of 6 November 2002,
      FILE PHOTO  -  2,096 words

  • REGIONAL news
    • 441 15 The combined TV and DVD player venture will have US$3.5b in sales Bloomberg [HONG KONG] Thomson SA, the biggest supplier of television sets in the US, will merge its TV business with TCL International Holdings, China's largest television seller, creating a venture
      Bloomberg; AFP  -  441 words
    • 277 16 BANGALORE On-demand computing trend will lead to consolidation: IDC AFP THE global outsourcing industry will consolidate leaving behind a few large players in a market expected to touch a trillion dollars within four years, an industry monitor said yesterday. "Consolidation is expected to continue, leaving
      AFP  -  277 words
    • 522 16 WASHINGTON Its growing imports are boosting Asian economies and corporate profits Bloomberg CHINA, criticised by some US lawmakers who say its cheap exports are destroying jobs, is becoming an economic boon for much of the rest of the world because of
      Bloomberg  -  522 words
    • 280 16  -  From Diana Oon Abdullah in Kuala Lumpur MALAYSIA yesterday announced preliminary trade data which showed a bigger than expected year-on-year decline of 4.3 per cent in exports for September. This surprised economists, who had been expecting September's exports to see mildly
      280 words
    • NOTE Book
      • 63 16 Bloomberg [SINGAPORE] Semiconductor Manufacturing International Corp (SMIC) plans to raise US$75O million in a first-time share sale in April as it expands plants to challenge Taiwanese manufacturers, a shareholder said. Shares of the Shanghai-based chipmaker are likely to be listed in the US and Asia,
        Bloomberg  -  63 words
      • 56 16 Bloomberg [HONG KONG] Hong Kong property sales surged to a 4Vj year high, the latest sign of a revival in the city's real-estate market Property sales more than doubled to HKS32.I billion (5|7.2 billion) in October from HK|l3.5 billion a year ago,
        Bloomberg  -  56 words
      • 74 16 AFP, Bloomberg [MUMBAI] India's central bank yesterday raised its economic growth forecast for the year to March 2004 to 6.5-7 per cent from its earlier projection of 6 per cent Meanwhile, India's Sensitive Index rose through 5,000 points for the first time in 3Vi years.
        AFP,; Bloomberg  -  74 words
  • 15 15 UNIT TRUSTS FUNDS UGMDcMataHMMcrthWMIt 01 iiWitlir IjjUi iij;St—r HflMklMtaiHcMMHli ■Xi?s« aagg i VijL.' 1 MoSIOJIS
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  • Page 15 Advertisements
    • 298 15 Good Times Fly Save up to on ANA Economy Class when you fly JUUAsiaTriMgio Rant From 1 Oct '03 31 Mar '04 f A Inclusive of One Asia Stopover I '-rl*m* ''^mfelP^^P^-' Business Class Economy Class »K£' Beijing fr 553.720 fr.552.160 i^BTj'i r *i m*W*e* $hanghai fr 553.720 fr. 552.160
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  • Page 16 Advertisements
    • 1362 16 BAN JOO k COMPANY LIMITED Notice of Annual General Meeting NOTICE IS HERBY GIVEN that the 2003 Annual General Meeting of the shareholders of the Company will be held on Thursday 27 November 2003 at 18 Cross Street Bth Root Marsh McLennan Centre Singapore *****3 at 3.00 pm. or immediatety
      1,362 words
    • 452 16 Towards a New Era m|§|M of Corporate Social Responsibility (CSR) Institute of As companies expand, go public and globalise, there is a growing awareness of Certified Public tte importance of corporate responsibility in relation to various stakeholders, t t f community welfare and environmental protection. This seminar entitled Cvparafti AtCffUPHIIIS
      452 words
    • 239 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTBt Of 1) IVERSON CONSULTANTS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) 2) INTELUCAU PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) 3| MYCROFT TECHNOLOGIES COMMUNICATIONS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) FINAL MEETING ToLe notice (hot the Final Meeting of
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  • Article, Illustration
    1003 17 Transaction date: Nov 3 MTHEEAMK CROSS EATBS AS C$ Mfc fare m l*t» Mtofc Tw Wm i CWh Ml SS tmd Sir 8TS 8*1 Hm4 USS AHtraia am sjn 0512 ism 32.10 60.290 am a.403 2.693 1.153 ***** ***** 1235 4594 0.950 24.112 ***** 0.4a 0.709 M 10*7 6.273
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  • 1350 17 aiUttMWTUEBg Nov 3 (MBMmOAiiM ISS1(ScMta/k0 CtoM Man OpM M—Ml Hjph low StH (tawo») Merest Bk 03 2S150 JM 04 2S625 Ft* 04 ***** Mir 04 254.75 RSS3 (UScotoAi) YoMm OpM Monti) Mgh Low Sett (tomes) Merest OK 03 148.00 148.00 MM BO 4850 Jm 04 147.00 V46.50 146.75 225
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  • Page 17 Advertisements
    • 439 17 IN THE MATTER Of THE COMPANIES ACT, CAP SO ANO IN THE MATTER OF APAC EVENT MANAGEMENT SERVICES PTE LTD (In Creditors' Vofawtary Winding Up) SPECUU. RESOUiTIONS PASSED ON 2CTH DAY Of OCTOKR 2003 Al on Eatroordmory Gonarol Meeting of ■he Compony deemed to hove been held ot VIA Aaioy
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    • 1298 17 SECOND CHANCE PROPERTIES LTD (knrftniH In foe Rrpakßr of 9iagaporr> HOIKI or ANNUAL GENERAL MEETING NOTICE B HEREBY GIVEN thai da Annual General Meenng of tke Cfnapaaj will be held a loom W-12. 17* Hon. PWC Bulrkxg. g Croat Street Singapore 04*424 cm 2> Huhihlhi 2003 a 3 00pm lo
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  • 6 18 Transaction date: Nov 3
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  • 5 18 Transaction date: Nov 3
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  • 752 18 Transaction date: Nov 3 •t+mmm 1 Q— Of Qmt Qmmt MmSOc 040 1.130 <0.020 IMSM SOc 037 2.100 *0040 OiC 0l77 4.150 *0.150 OCK tM 12.400 *OJOO CaprtaLand U» 1.700 *0070 OUC ft/4* 7400 Chart SamtCond 2«c 151 1770 *008» Pwfcwa* H 25c 050 IjOW *0.01 S CNyOavSOc 251
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  • 546 18 BONDS WARRANTS Td UM M CM* tar *amc (ar'ilk C—pay Sde *ar- (I— Mh Mb» Left 301 AST1W*****1 2*5 2 304 1 16 -4 1*1 7 307 AcmaLtdW*****6 1 urn* 40 1 SO 410 1040 12 3(02 A#ntekW*****0 Mi 2 11 1 33 -1 1-27 19 303 Armstrong W*****0 7
    546 words
  • Page 18 Advertisements

  • WORLD news
    • 363 19 Reuters [ZURICH] The world's largest semiconductor maker Intel Corp says many uncertainties make a near-term forecast difficult though the company is optimistic about the future. "In principle I am optimistic about the future. I am speaking about a timespan of five or 10
      Reuters  -  363 words
    • 452 20 LATEST US DATA Larger than expected rise takes ISM to highest level since Jan 2000; construction spending kits record in Sept Reuters, Bloomberg [NEW YORK] US manufacturers cranked up output in October to its highest level in nearly four years and slowed
      Reuters,; Bloomberg  -  452 words
    • 407 20 NYSE TANGLE Reuters THE US Securities and Exchange Commission has blasted the New York Stock Exchange for ignoring violations in which investors were cheated of millions of dollars, The Wall Street Journal said yesterday. In a confidential report, the SEC criticised the
      Reuters  -  407 words
    • 336 20 [NEW YORK] The US Securities and Exchange Commission (SEC) is examining whether Dick Grasso engaged in "influence trading" during his tenure as head of the New York Stock Exchange (NYSE), The Wall Street Journal said yesterday quoting a person familiar with the matter.
      336 words
    • 337 20 NEW YORK Bloomberg LAWRENCE Lasser, Putnam Investments chief executive officer, is being replaced after 18 years as head of the fifth-largest US mutual fund manager. Managing director Charles Haldeman, 55, will succeed Mr Lasser, 60. Mr Haldeman was named CEO and president, the company's
      Bloomberg  -  337 words
    • 362 20  -  But serious problems could lurk behind good results From Anthony Rowley in Tokyo. m, m,. JAPANESE* banks will shortly begi^Announcing financial results for the half year to March 31 and many of them are expected to delight the Tokyo stock market by producing much
      362 words
    • WORLD Watch
      • 88 20 Reuters [LONDON] Canary Wharf Group entered into exclusive talks yesterday over a £1.5 billion (554.4 billion) takeover of the UK firm with a consortium led by US investment banks Morgan Stanley and Goldman Sachs, in preference to Canadian conglomerate Brascan Corp. The Morgan-Goldman
        Reuters  -  88 words
      • 77 20 AP [TOKYO] Japan's Prime Minister Junichiro \£T Koizumi's ruling party may win Sunday's genecal --';i elections with an outright majority, poll results showed yesterday. Mr Koizumi has said he will step down ifthe three-party ruling coalition loees a majority in the 480-seat lower house.
        AP  -  77 words
      • 59 20 Reuters [LONDON] The London Clearing House (t£H) and its French counterpart Clearnet have sealed the terms of their 1.2 billion euro (552.4 billion) merger to create Europe's biggest clearing house, an LCH spokesman said on Sunday. The deal will create Europe's dominant central counterparty or
        Reuters  -  59 words
      • 44 20 Bloomberg [FRANKFURT] Deutsche Bank has agreed to buy 40 per cent of Russian broker United Financial Group. The bank and UFG will cooperate on research, sales and trading of Russian equities and corporate finance, the companies said.—Bloomberg
        Bloomberg  -  44 words
      • 88 20 Bloomberg [HONGKONG] Merrill Lynch Co, which reorganised its top Asian management in March after its chairman quit said it promoted Damian Chunilal to head its Pacific Rim investment banking group responsible for finding new business. The heads of investment banking in Japan, Asia and Australia
        Bloomberg  -  88 words
  • 13 19 Transaction date: Nov 3 for live prices, log on to ivurwasiaonemarketsjcom
    13 words
  • 78 19 H« M IM Vd Day L1Q—i CrOkr H* WW MM ttCm t— Ot* I Mi w- rmk t— trnrn >*f Cm rm *3 WOO 89 6065 Damon* US2060 2120 3750 3740 6095 5 CM US Tech USIMO 6097 IS MSO Spore US5S5 MS MS *101 5SAPS00 USM.S 890
    78 words
  • 1872 19 u* M 1M ¥al Hay Mb U> OVW MM HO* 18# I— Ce4» C 11 M» W- fj| t— —r Mb Or HE >3 X 75 saoo AMHMg.Sc AS *05 135 21 205 205 21 315 41 125 2101 AFCNSc MS *1 499 35 34 34.5 35 21
    1,872 words
  • 257 19 a* w LM M o t imttm* 6rw> n* «rVM mm mam ■»u»Mi ntn *t» w- im —i i— n» cv i« «Ji IK 91 MOO AVJ«¥iingiA2Sc A17I -1 44 17« 17* 17» 1® *0 M 56 68 3S31 (001 CMhayFK20c HK720 265 2 1 7.4 6 *****2
    257 words
  • Page 19 Advertisements
    • 73 19 BlancfaiN MANUFACTURE DE HAUTE HORLOGERIE "7)MA. WUU Art Cortmawatch (JX/j->< Raffles City #01-36 Tel: 6339 9185 «-D-«.. Millenia Walk #01-62/63 A Tel: 6339 1728 LV> Watch of the Yew 2002 Public Award Paragon #01-13 Tel: 6235 0084 —*T Lucky Plaza #01-32 Tel: 6734 3668 Blanc pain Singapore: 438 A Alexandra
      73 words

  • Page 20 Advertisements
    • 502 20 uwi« WRWWfI Fresh Salmon, tantalising Tuna, succulent Prawns and mora. Now you can savour the ocean's best: catch with our irresistible C. .t-i; 1 xsnt ana jostwtv speaaiioes Also available on the buffet are lip-smacking Tempura and Teppanyaki delights plus a host of other choices to satisfy your craving for
      502 words
    • 75 20 1 MERITUS MANDARIN SINGAPORE q#? etrd<mat kwcmunkl A Tapestry of Rich Flavours Gypsy of Q&6ungarp 17 Oct -15 Nov 2003 Buffet Lunch 12 noon to 2.30 pm < $41.80* (Adult) $24.80* (Child) S Buffet Dinner c 6.30 pm to 10 pm $50.00* (Aduk) $30.00* (Child) "P Reservations: 6831 6271/72 Prices
      75 words

  • SHIPPING TIMES
    • 257 21 Reuters THE Baltic Dry Index fell 5 points to 4555, the Baltic Capesize Index rose 17 points to 6655, the Baltic Panamax Index fell 37 points to 4490 and the Baltic Handymax Index rose 61 points to *****. Eirini (built 1962) *****9 dwt delivery Yantai 10/15 November trip
      Reuters  -  257 words
    • 251 21 SGX '000 MwJ g U- Vol CH Offshore X)38 0.01 2032 ChuanHup 051 0.02 1509 Coacokrwaftmant 0.44 0.01 ***** CWTDUribudon 059 0.01 117 En* HUB 1.00 0.02 1097 FraWKlMo 0.12 unch 1446 GBHoMngi 0.70 0.01 5 Java HofcAngi .087 0.02 6026 KfVanlura 024 unch 677 Kami Corp 6.10
      251 words
    • 478 21  -  Unlikely to be any more prosecutions, says CPIB By Beth Jinks [SINGAPORE] The Corrupt Practices Investigation Bureau (CPIB) has wrapped up its bunkering bribery scandal probe, with questions remaining only over one more prosecution. The three-year investigation into Singapore's $6 billion a year
      478 words
    • 202 21 [SINGAPORE] Malaysia's Government has doubled its ports budget in a RM9.7 billion (554.44 billion) transport infrastructure funding boost. The mid term review of the Eighth Malaysian Plan has allocated RM3 billion for ports up from RMI.S billion. The government will also establish a maritime training
      202 words
    • 493 21 INFECTED CRUISE SHIP Move denounced by the colony's chief minister as an over-reaction Reuters [GIBRALTAR] Spain shut its border with the tiny British colony of Gibraltar yesterday for the first time in two decades because a cruise ship carrying tourists with a viral infection had
      Reuters; AFP  -  493 words
    • DISCOUNT/carries
      • 927 22 A number of budget airlines are taking to the skies this month but the low-cost bubble may soon burst warn experts AFP [GENEVA] NO-FRILLS airlines are jetting off around Europe while more traditional carriers struggle, but as with the Internet boom of dot-com ventures, many of
        AFP; AFP FILE PHOTO  -  927 words
    • 3 22
      3 words
    • 3 26 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 518 27 ¥ggd Voy No Mfth AnW Departure JURONG PORT/MULTI-PURPOSE TERMINAL CITRAINOAH JBN01 J8/9 A/SIDE 04/11 0300 CITRA LINE 1 JBN01 J9 A/SIDE 04/11 0300 UOA 10/2003 J13 A/SIDE 04/11 1800 BAYSWATER118 E3254 J3 04/11 1800 04/11 2359 BTAMANAH 1NOV03 J1 04/11 1000 04/11 2000 BTBTJAYA1 *****3 J1 04/11 0800
        518 words
      • 2 27
        2 words
      • 131 27 Nor 28 Singapore: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Dm 8 Thailand: King's Birthday. DM 10 Thailand: Constitution Day. DM 23 Japan: Emperor's Birthday. DM 20 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas Day.
        131 words
      • 790 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
        790 words
      • 9 27 -r --i n»«»srtls>«W-—^waM—HMWM >W>lt ■lllX^llfclHWM—Wb
        9 words
    • AIR & LAND transport
      • 515 28  -  Modest 1% growth in Sept, but industry set to lose US$5b this year Reports by Donald Urquhart [SINGAPORE] Global air passenger traffic rose for the first time in seven months, posting a modest one per cent growth in September year-on-year, but
        515 words
      • 33 28 [LONDON] Passengers check their flight details at Heathrow's Terminal2in London. Passengers with 20 airlines are facing disruption by a 48 hour ground crew strike at Heathrow airport starting early Sunday.
        33 words
      • 537 28 Load factor declines as airline adds capacity, routes Reuters [DUBLIN] Irish-based nofrills airline Ryanair Holdings said yesterday it was cutting prices sharply to fill seats on its expanded European network, but still managed to report better than expected first-half profits. Europe's biggest
        Reuters; BLOOMBERG  -  537 words
      • 284 28 [SINGAPORE] The International Air Transport Association (lata) together with Asian Aerospace Pte Ltd will hold an inaugural aviation summit in Singapore next year alongside Asian Aerospace 2004, the two organisations announced yesterday. The summit is aimed at global airline industry players operating in
        284 words
      • 252 28 Higher operating costs, interest expenses behind fall Bloomberg [SHANGHAI] Hainan Airlines, whose biggest shareholder is US financier George Soros, said third-quarter profit dropped 45 per cent because of higher operating costs and interest expenses. The company forecast a loss for the year. Profit fell to 30
        Bloomberg  -  252 words
      • 333 28 It hopes to achieve target with help of new A380, A4OOM aircraft: report Reuters [FRANKFURT] Airbus parent EADS aims to lift revenue by a third in the next three years, pinning its hopes on its new A3BO superjumbo and the A4OOM military
        Reuters  -  333 words
      • 268 28 AFP [TAIPEI] Taiwan's leading international carrier China Airlines (CAL) reported a NT5408.15 million (5120.8 million) parent net profit in the nine months to September, coming back from a first half loss that followed Sars and the Iraq war. CAL registered
        AFP  -  268 words
      • LOG Book
        • 120 28 AFP [HONG KONG] Hong Kong-based airline Cathay Pacific said yesterday it has taken delivery of the first of three new Boeing 777-300 aircraft it has ordered to operate regional services within Asia and the Middle East. Cathay said in a statement the latest plane will
          AFP  -  120 words
        • 83 28 Bloomberg [WASHINGTON] Boeing Co's Tanker Be Transport Service Co Ltd, which is bidding for a £13 billion (5538.3 billion) UK air-refuelling contract, said it selected Rolls-Royce pic, the No 2 aircraft-engine maker, as a supplier. Rolls-Royce, based in London, will maintain the engines on a
          Bloomberg  -  83 words
      • 229 28 MHJg cooes AAAmmcmAftmlAAUAfM tonal#*).* *M*(AIC)-AYFimmOf (F*LAI mm *mm<Azqi*hmMw**ttißco hmmM*mS+rnd<rW),BO»omm£*m EmEVAMrwvtCatnffVAlCAMrClwa C 8 Anmran itrnmum Mtm (CXS). Ct H*mUd(CAL). CS Arktcramm *c(Mm CT Cmtatotnm MMM SA (CUt). CX Oft* Px*c*rw*sUt<a*l, CZMmS»OmtiAMm (Csip. OLuilto Ma (DAL) 0C Fmtotm Ar (UAI) FX Copn (FOX) UtnatkHma rem &**<&*), m M^trnimLuiscY).
        229 words
  • Page 21 Advertisements
    • 340 21 EADS seeking to hike revenue PEOPLE ANDREA Staines has officially replaced Denis Adams as chief executive of Oantas-. subsidiary Australian Airlines, as the full-service, all-economy international leisure carrier celebrated its first birthday last week. Ms Staines had been acting in the position for several months, as Mr Adams returned to
      340 words
    • 350 21 Asia/West Cornst South Amortem Discussion Forum 2004 Rata R—toration Programme The member lines of the Asia West Coast South America Discussion Forum have agreed to the following 2004 Rate Restoration Programme in order to restore the ocean freight rates which have drastically decreased since 2001 The 2004 rate restoration programme:
      350 words

  • Page 22 Advertisements
    • 624 22 t; IMPORT NORTH AMCtUGA AUSTRALIA/NEW ZEALAND I SMRRW SHUTTLE EXPRIM AIHTIW.W pYPPym i^yi VBSa VOY LGI SM PKC I I I m ftO MNiOYD MM 17W42 22/10 00/ll 11/11 1 VOT M ST> M <1 ftO miOTDIOH 34W43 20/10 14/11 11/11 WOBT 15/,# V/H W/1# ~/1f 1,/ 11/11 OOaCAIfOKNU 74W44
      624 words
    • 419 22 lint services i»pre>ented by Mvnbvso(#wßagMryo( Accredited Shipping Agenb, X»*»» y Singgpon Shipping Association Member* of Singapore Logistics Association I" MfKsa vor ra en n* t.tum sro« am May Star 543 A 06/11 10/11 19/11 Empress Lily 0603 18/11 20/11 29/11 Maid Carrier 743 A 29/11 01/12 10/12 Princess Lily" 1103
      419 words

  • Page 23 Advertisements
    • 944 23 TOUSAtSAXSaVME) I rasa voTSiro ui w mi mm o* cot mm ar ntc apiscotiano mt os/ii mm «*/n as/ii is/n as/n as/ii m/h M/n—2Z!l_ tftiaauM "iiinvr 17/11 oi/n w/n w/n nm w/n os/u—!|£|_ AKswnai 04/» 00/n 00/n 00/n w/n w/n 13/13—!3ZU_ o. LwmilL fill J*/I1 n/12 15/12 14/12 If/12 14/12
      944 words
    • 1879 23 MONimTCfmiaißasimicti^] sootn PKmc mjuwoi I ttHOAI AfiOTS N SMGAMMK 10 tOHMSOH ID 111-M SAUS/MGS IU. MIOSIS7 41 FAX: 4IIISIII/14 I SUVA UUITOKA IrUD I COSTAR SHIPPIN6 Wf LTD wkmmm nmiip/u ttmmi umm/n I I ano H7i;no«ooM ra:*77* i**o cmam) JJjJjSj Imsiu/u I PtfBIE(nHI9 I jONOtsoma convumoiui miosis® hiaiioi I 1
      1,879 words

  • Page 24 Advertisements
    • 441 24 I iitl Mie mu«—/»QOinNOfc nam— wm m»7«M i-noa: dimmmHim* wmm Ksl UCLIVIM9 DOCutmmTKWta/oMMtnoM: mmmit fwu mmoitt mOßummi Si TT "liT 6 I"W I m ff ff iii 11 i. IHw i77Ti fiTil ii7ii n7H ii7fi 15ET 1 Is I &-I m «ux». I■» l»~™. mnow tuoua ttfek 3fr- BH Bit
      441 words
    • 468 24 WAN HAI LINES V TIL *****588 FAX: *****163 INTRODUCING:- NEW WEKKLY EXPRESS SERVICE TO: NHAVA SHEVA CALLING SIN EVERY WEDNESDAY For moro dotmlls, call HOTLINE: *****588/ 1800-*****00 NOJTTRANS SHIPPING AOKNCIKS tsf A/n/?TRANS 29 Infl lusineti Pork *05-05 Acer Uda Tower I S-*****3 #wvy#l nniig Tel: *****799 Fax: *****005 Tmx: ISSOIII
      468 words
    • 304 24 BSfl a. MYANMA n FIVE STAR UNE "csrsr vcstt vor sm m m ran PAGAN JJIW SU mpa-an aim at M MALAYSIA: KUSTIAD SNIPPING MBKKS KIIL OJ-*****300 KL 03-317MU1 PBfc 04-*****02 ACCEPUM COWVEITIOIAL CtO rasa vor m sm ph n nc ksskscadoks s an su su otenne ill su su
      304 words

  • Page 25 Advertisements
    • 788 25 IX.CUI VOY KHH I HK6 SIN PKL PX» Ml IPtm lUTI caw hmo pa sooo Sop 04/11 03/11 u/n u/n 20/11 21/11 1U PCL 8010 HOT SKIP 15/11 14/11 24/11 25/11 01/12 03/13 IRAN LORiSTAN KL 0011 SUP SKIP 17/11 10/11 27/11 29/11 04/12 00/12 CAP! mo pa 0012 skip
      788 words
    • 553 25 UK CONTINENT SERVICE Loadnsfer GOKCAN RTM/ATW/BMNAJK/NAN KALMA RTM/ATW/BMN/UK/NAN MIDDLE-EAST SERVICE LoadkigOor DORIAN STAR DBI/ABU/DOH/BRN/DMM/KWT J FRIEND DBI/ABU/DOH/BRN/DMM/KWT RAVENA DBVABU/DOH/BRN/DMM/KWT J SAFE ADN/HDQ/JDH M C Aii In rii it Loads bingapore, L/w. Miayw moonesia USA SERVICE Loving for SEABEE CAM/NFK/SAV/NOL toad* E>W. Mateyaa. Indor—i* F.E./S.E.A. SERVICES S pore Loading tor POSCTBN
      553 words
    • 474 25 rasa m a Jam m ggj= lea -«i am. zsjg==sa= sags- iaa ifjj= —Sfji- am. -ag—aa-jab: roriflifi imzk 2szii am_ ■^^^■FTTTYnrnTTTMHH^H jgg —jsg-=j||=-jjjj- J A -3iiasm igiii iszii— g»ju hh g/ji g>j; ncmpm www/ii n/u 1 rXmi *0/1 i jj£LL-LJIZIL-^ i 1 wMuii m io/ii B/n B/ii »/ji 'Tf* i
      474 words


  • Page 27 Miscellaneous
    • 133 27 g FOR 7AM 4 Nov 2003 ggHMg^^^J jffil tiSi^ 1 114|T HHffIHL/V IB ■T* "'*#fi»/ rlGy^ Jt II 4 y 4HPtV IjplrTy^y^ Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O Fu circle w/o line indicates calm or light and variable winds Rain o°e half fleche represents
      133 words