The Business Times, 11 November 2003

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Total Pages: 26
1 26 The Business Times
  • 22 1 MIT A (P) 024/03/2003 850 THE BUSINESS TIMES SI NGAPORE j ;.-tF.-ri€t. t t t j://business-times.asial com sg TUESDAY, NOVEMBER 11, 2003
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  • 73 1 □sn 1,74X33 (-26.76) ST MDEX FUTURES 1,740.00 (-33.00) n SIMSCI FUTURES mm *****(4.70) Monday Change KLSECOMP 800.96 5.82 NIKKEI 225 10.504.54 -***** HANG SENG __.12.156.68 58.49 SET INDEX 664.36 -6.64 JAKARTA COMP _618.44 -8.29 MANILA COMP .1.409.34 3.77 TAIPEI WPI 6.059.03 +i20 SEOUL COMP 796.56 749 SHENZHEN B 268.12
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  • 77 1 FOREX RATES us$ s$ liSS (SS per l S$) 1.738 £(l!S$/S$ per 1.672 2.905 EIIRO(17S$/S$/E) 1.151 2.000 YEN 109.4 63.00 RM 3.800 1187 HKS 7.770 4.472 BAHT 39.90 22.96 RIP1AH R486 4884 RENMINBI 8.299 4.776 INDIAN RUPEE 4557 26.06 AS 1.407 0.810 NZS 1.619 0.932 PRIME RATES SINGAPORE* 5.25
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  • 757 1  -  M'sian carrier eyeing joint venture to tap lucrative S'pore-KL route By Beth Jinks [SINGAPORE] Malaysian budget carrier Air Asia is planning to launch a new no-frills airline in Singapore to tap the lucrative Singapore-Kuala Lumpur route, possibly in a joint venture with
    FILE PHOTO  -  757 words
  • 859 1  -  HOCK lock siew The group expects to raise as much as US$300m from a placement donald urquhart AGAINST the backdrop of a buoyant global container trade that is set to continue for at least a good two or three years more, memories
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  • 657 1  -  Management of risk more complex now, says DPM Lee By Wong Wei Kong [SINGAPORE] The Monetary Authority of Singapore (MAS) needs to be given more flexibility to deal with contingencies in an increasingly complex global financial and regulatory landscape, Deputy Prime Minister and
    657 words
  • Page 1 Advertisements
    • 128 1 COMPANIES Oei Hong Leong edges closer to triggering takeover offer for Jurong Engineering Pg4 8 ULYSSE7N ARDIN Conquering the Oceans s mcb LB LoCLB Annual Calendar (requires only a single adjustment every year). k Self-winding chronograph movement with big date and month indicator. Screw-pushers and screw-crown, sapphire crystal, WATER-RESISTANT TO
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    • 21 1 What's up with China Aviation Oil? Why has Its share price tripled hi the last I few months? ■PAfiE 7 i
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  • NEXT page
    • 565 2  -  NEWS analysis Sime's 50% stake in the upcoming Jurong Island power station benefits both parties, says Ronnie Lim Ronnie Lim ISLAND Power's new partnership with Malaysia's Sime Darby which has just taken a halfstake in the Singapore power company could be extended
      565 words
    • 486 2  -  Nikkei slips amid fears he may face LDP pressure to go slow on reforms From Anthony Rowley in Tokyo TOKYO stock prices suffered setbacks yesterday on what financial markets viewed as the inconclusive outcome of Sunday's Lower House election, in which Prime Minister Junichiro Koizumi
      AFP, REUTERS  -  486 words
    • 430 2  -  This comes after Danamon told to liquidate mutual funds in 6 months From Shoeb Kagda in Jakarta INDONESIA'S mutual fund industry, faced with snowballing redemptions, is in danger of a meltdown after the country's largest mutual fund manager announced that it had received an
      430 words
    • ON THE grapevine
      • 210 2 CHINA has buiit a biscuit factory to cater exclusively to its captive giant pandas, giving them a healthier choice than the usual steamed bread. "The cream-coloured biscuit, made of bamboo, is rich in vitamins and trace elements, and the fibre content is up to 30 per cent,"
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      • 108 2 EVERYBODY seems keen to upgrade the mainland Chinese sartorially. at least. Faded, overweight and ageing Argentine football star Oiego Maradona has teamed up with Chinese businessman Chen Honglei of the Italy China Commercial Group to produce Maradona's brand of sportswear. Clothes, shoes, socks, cigarette lighters and other
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  • Page 2 Advertisements
    • 81 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T: +65 6535 3382 F: +65 6535 3991 E: angapore@ocra.conn.sg
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  • Page 3 Advertisements
    • 176 3 SINCERE THE WATCH SPECIALIST /fez"! A v fK?"' N j r A :ran>pareiit dial and w.ih' i\uk re wa! the skeletonised t.utrbdlon 1 :.i'ti;::iu.i *i:H t".m*;e of ca.enciat uuiicauom ana .i reiiop\idc luik n<>n mechanisms. inc!ud;nu a Ivannu iJu'ihi oils: 'tr»n > a''V 1 ;v-v 's the ilendar a.i i
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  • 2729 4 UNIT TRUSTS FUNDS ISCIQU233HHIH com Global Fnm IndeJhf 0.91/ Com Global Uiesbfle War Fd 0.943/ JrHSTisi*** 9 nmi Cam Global HeS Mb. H 0818 Star Europe Ecft! 0693/ Cam Global Telecom Mb Fd 0.44V Star Europe Bond 1 238 C a» Global rtotec Ma fd!" 0373/ SttbmptM-. 098 Com Global
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  • Page 4 Advertisements
    • 507 4 The Inaugural BUSINESS OUTLOOK 2004 A Strategic High Powered Political. Economic, Business ami Investment forecast featuring Prominent Speakers in the Asian Region 2nd December 2003 Orchard Hotel Singapore Iuimii.'sn i>u!!imW\ is .in 11 n >1 >i i. int h u\l l piiiliU'd '(iiil(H'ii(( hi >ii- lli.it \\iil j»i»> i <
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  • SINGAPORE companies
    • 637 4  -  Tycoon close to triggering takeover offer for Jurong Engineering By Serena Ng ASTUTE businessman Oei Hong Leong appears to be tightening his grip on up-and-coming regional investment banking outfit Japan Asia Securities Group (JASG) as he moves closer to the takeover trigger point
      JAPAN ASIA SECURITIES CROUP; Source:p  -  637 words
    • 684 4  -  Borrowers can switch from floating to fixed rates should interest rates rise By Siow Li Sen CITIBANK'S new home loan package lets the homebuyer borrow at floating rates which are cheaper than fixed ones, and then convert to the original fixed rates should
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    • 417 5  -  They're depressing the stock market despite the companies' impressive Q3 results By Quak Hiang Whai TEMASEK-LINKED companies (TLCs) are putting up strong performances during this third quarter reporting season. But they are also making the investing community nervous with their strings of massive
      417 words
    • COMPANY Briefs
      • 97 5 SINCERE Watch's second-quarter earnings fell 23.1 per cent to $3.5 million, from $4.6 million last year, due to lower margins arising from the strength of the Swiss franc and euro. The Sesdaq-lised watch retailer's net profit after tax for the six months to end-September stood
        97 words
      • 110 5 HIGHER offshore earnings, improved margin in shipbuilding and repair and the change in depreciation policy enabled Labroy Marine to lift its third-quarter earnings by 31 per cent to $7.1 million, from $5.4 million. This was despite a 13 per cent drop in turnover to
        110 words
      • 132 5 SUNNINGDALE Precision Industries Ltd, a precision plastics manufacturing company, said its third-quarter net profit rose to $2.9 million, up 19.7 per cent from $2.4 million a year ago. This was on a back of a 16.7 per cent increase in turnover to $24.6 million from
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      • 124 5 Reuters KEPPEL Corp Ltd is in talks to build an offshore oil platform at its new shipyard in the Caspian Sea for Kazakhstan's giant Kashagan field, a company official said yesterday. "We are in talks with AgipKCO to build a platform and could
        Reuters  -  124 words
      • 89 5 Bloomberg SINGAPORE Telecommunications Ltd, South-east Asia's largest phone company, said it has purchased Deutsche Telekom AG's shares in Asiacom Philippines Inc for about 192 million pesos (Ss6 million). Sing Tel acquired 3.4 million Class B shares in Asiacom for 56 pesos each, boosting its stake
        Bloomberg  -  89 words
      • 149 5 MAINBOARD-LISTED CSE Global Ltd reported a 15 per cent increase in net profit to $10.3 million in the first nine months of FY2003 from $9 million in FY2002. For the same period, the group recorded a 10.2 per cent rise in revenue to $115.8
        149 words
      • 40 5 CHUNG Wui Cheng has resigned as chief operating officer (COO) and chief financial officer of Unidux Electronics Ltd from Dec 1 "to pursue personal interests and other opportunities". The board has appointed Takashi Sekine as COO.
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      • 89 5 EASTERN Asia Technology's 86.46 per cent owned ATLM Taiwan Inc enjoyed an 88.8 per cent growth In turnover last month to NT$l.B billion (5591.9 million), from October 2002's turnover of NT5984.8 million. October turnover was also up 68.1 per cent from the previous month's NT$l.l
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    • 352 5  -  Only 0.144% valid acceptances for 477.438 shares at offer price of 40 cents each By Andrea Tan HENRY Ngo has received one of the lowest acceptances ever for a corporate takeover in Singapore. But that was precisely the result the Bonvests chairman wanted.
      352 words
    • 444 8  -  End of profit recognition from its Ardmore Park project leads to profit decline By Kalpana Rashiwala UPMARKET developer Marco Polo said yesterday its second-quarter net profit fell to $6.6 million from $21 million, as it has exhausted profit recognition from its
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    • 452 8  -  New posts for Lim Choan Poh, Lucas Chow to take effect in April 2004 By Tang Weng Fai TWO of SingTel's top executives will be exchanging portfolios in an effort to deepen the company's skills at top management levels. Executive vice-president
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  • Page 5 Advertisements
    • 23 5 WWW.MONTBLANC.COM IS THAT YOU? —f t i mmmmmmmmm i MONT* BLANC MONTBLANC BOUTIQUES: CHANCI AIRPORT TERMINAL 2, NCEE ANN CITY, PARAGON, RAFFLES CITY.
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  • SINGAPORE markets
    • Article, Illustration
      558 6  -  Compiled by VEN SREENIVASAN HM|HAINmI9(M«SLI3 AS expected, Huan Hsin's stfeflar 3Q03 results continued to be powered by the notebook casings segment, with a record 1.2 million units shipped in the quarter. But net profit growth of 47.1 per cent continued to trail revenue growth of 83 per cent
      Source: Bloomberg  -  558 words
    • 305 6  -  HOT STOCK WARRANT By Teh Hooi Ling WITH their confidence bolstered by Jurong Technologies' excellent set of third-quarter results, broking firms are raising the company's earnings forecasts and fair values. "While the growth in 4Q03 will continue to be broad-based across all business
      Source: Bloomberg  -  305 words
    • 460 6  -  BT comment STOCKS teh hooi ling Another big share placement by a Te-masek-1 inked company, concern over rising interest rates and a "sellAsia" report by CLSA conspired to take the steam out of the Singapore market yesterday. "The market can't be anything
      Source: Bloomberg  -  460 words
    • 593 6 Reuters [LONDON] The yen rose against the dollar and hit 10-month highs on the euro yesterday as investors decided a weekend election setback for Japan's government would not hinder badly needed reforms and might even encourage them. The yen initially followed Japanese stocks
      Reuters; REUTERS  -  593 words
    • TRADES TO WATCH
      • 124 6 MEGABYTE Investment Pte Ltd has ceased to be a substantial shareholder of electronic toy maker Singatronics, following the sale of 2.5 million shares at 34.5 cents apiece on Nov 7. The openmarket sale of the one per cent stake reduced Megabyte Investment's direct shareholding to 4.04
        Source: Reuters  -  124 words
      • 123 6 PEK Kem Hua. executive director and substantia] shareholder of consumer electronics group Pertama. has been subject to more forced sales of his shares. The sale of a further 166,000 of his shares took place on Nov 7 at 29.5 cents apiece. It was "initiated
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      • 65 6 COMPUTER services firm International Press Softcom's controlling shareholder. International Press Holdings Pte Ltd (IPH), has raised its stake in the group through an open-market purchase of 82.000 shares at 18 cents apiece on Nov 7, The acquisition raised IPH's holding to 61.73 per cent from
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      • 55 6  -  Compiled by SERENA NG COMPACT disc maker Datapulse Technology said yesterday one of lis executive directors, Ng Leok Cheng, exercised 900.000 share "options/convertibles" at 17 cents apiece. This raised his direct stake in Datapulse to 1 million shares or a 0.17 per cent stake. The stock
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    • Article, Illustration
      406 6 OTHER SINGAPORE INDICES Nov 10 VALUE CLOSE IT (MAP -575.00 -12.00 BTCftPI -*****.00 -284.00 -*****.00 -58.00 JMUCEirfHii 472.05 -6.75 172.27 -3.21 MTUMuFIN 1473.57 -35.88 »r«*lMhip 446.23 -7.38 mafcpnw 214.50 -3.59 ana Mares 213.90 -4.70 Stocks Vohn» L&Mlc 31.260,000 Sunray HK15C 27.094.000 KXD Digital 4.5c 18,915,000 Chart SemiCond 26c 15.399.000 SingTel
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  • SMALL caps
    • 589 7  -  Its strategic investment in the oil industry is paying dividends, its chief tells LOH HUI YIN LOH HUI YIN CHEN Jiulin wears a mega-watt beam these days. The managing director of oil trader China Aviation Oil has good reason to. He will be able
      Source: Bloomberg  -  589 words
    • 369 7  -  Small-cap portfolio takes 4% fall By Teh Hooi Ling rKUrii -taKing among small-cap stocks is happening on a big scale, as witnessed by the massive 5.1 per cent drop in the UOB Sesdaq Index. Our small-cap portfolio, however, performed slightly better, taking a 4 per cent
      369 words
  • Page 7 Advertisements
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    • 757 7 m w^m '^raj K\ <m jh Slim Lightweight Travel Mate 370 J /JRH ■-^'**3 iWHHHI -d WmmmM m m t m HjnHnaßH 1 '^^IHBHHHI ppmppww w 1 ™j "WRmni Acer recommends Microsoft* Windows* XP flP^B Professional for Mobile Computing. NEW jfVV Travel Mate 371TCi Ultra-portable Wireless Notebook with Extended Battery
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  • Page 8 Advertisements
    • 837 8 I TIONG WOON CORPORATION HOLDING LTD Notice is hereby given that the Annual General Meeting of the Company will be held at N0.15 Pandan Crescent, Singapore *****0 on Friday, 28 November 2003 at 9.00 a.m. to transact the following business: As Ordinary Business 1. To receive and adopt the Accounts
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    • 181 8 Session 1 Incorporation of Company in Malaysia Procedure of setting up a factory operation in Johor Application for Tax incentives, e.g., ITA Pioneer Status, DTR Application for Import Duty Exemption (e.g. LMW, Q5,) Application for Local licenses (e.g. Business license, MOE, etc) Application for Expatriate post, e.g.: Key post, time
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  • SINGAPORE news
    • PARLIAMENT Briefs
      • 99 9 QANTAS and Australian Airlines can keep expanding in Singapore—even when restrictions are put on Singapore Airlines in Australia, according to Balaji Sadasivan, Minister of State for Transport. "Our Air Services Agreement negotiations is not to be bound by what is ideal for one carrier, but
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      • 129 9 THE government will be given more power—in particular to take "preemptive measures"—to deal with any cyber attack that threatens Singapore's national security, essential services or defence. Parliament yesterday passed a Bill that will beef up the current law against computer misuse with a new
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      • 81 9 THE Ministry of Manpower gets 30 to 40 appeals yearly against unfair sackings, according to Hawazi Daipi, Parliamentary Secretary for Manpower. Between 1968 and August this year, it received a total of 199 appeals. They involved 214 employees, of whom 144 were union members. A quarter
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      • 51 9 SOME $330 million has been approved so far in financial year 2003 for 1,900 firms under government financing schemes for small and mid-sized enterprises, according to Raymond Lim, Minister of State for Trade and Industry. In FY2002, the amount approved was $590 million, for 4,000
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      • 37 9 THE Land Transport Authority will eventually divest the ez-link business because LTA has no interest in managing it over the long term, according to Minister of State for Transport Balaji Sadasivan.
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    • 463 9  -  IN PARLIAMENT Some say it may not offer sufficient protection for consumers By Chuang Peck Ming THE Consumer Protection (Fair Trading) Bill tabled in Parliament yesterday may guard against unfair sales tactics, but some said it may not have all that much bite. "I
      463 words
    • 321 9  -  By Raju Chellam AS another testimony to Singapore's prime location as a hard disk drive manufacturing hub, Japan-based hard disk company, Hitachi t GST (Global Storage Technologies), will transfer a "significant portion" of its high-end disk drive manufacturing operations from the Philippines
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    • 255 9  -  By Chen Huifen INTERNATIONAL executives who received public service awards from President S R Nathan yesterday were full of praise for Singapore, but a few pointed out weaknesses that need to be overcome for the Republic to stay ahead. These include high land and electricity costs. According
      255 words
    • 463 9  -  Lower-income people won't be able to service debts By Siow Li Sen THE $30,000 minimumincome rule on credit cards will not be lifted. Deputy Prime Minister Lee Hsien Loong said in Parliament yesterday. In the past two years, the economic downturn has
      463 words
  • Page 9 Advertisements
    • 114 9 Where to wine, dine and entertain... jj^| Diners Club Deals to whet your appetite... jA'.v )A| IMP Indulge in these specials now... Asian Wok Restaurant Gatsby Bar Restaurant Blue Elephant Restaurant Kam Boat Chinese Cuisine Booze Wine Shop Kawasaki Japanese Restaurant Brewerkz Restaurant Imperial Cafe Iguana Stewards Riverboat Cafe Oriental
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    • 24 9 <f\ A 1 V &*ol fumJf to «iU mwlh-waMuuf dian iin fk /uek pun ouk ifimal M mtnui. Weekdays: 12pm 2pm u.,A Public Hi
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    • 184 9 1 modish indian dining Savour authentic Indian cuisine by the Waterfront. iH Gourmet Set Lunch yißi 12 noon to 2.30pm Jpj Ss2o per person Dinner 6.00pm 11.00pm Veqetafian/non-vegetarian WjMHi menus available Make your dining reservations with us at: Tel: (65) 6345 4466 Fax: (65) 6344 5344 Vansh Unit 01-04 Stadium
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    • 180 9 Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Land) (Sat, San FaMc HoMays): $27*0 (AMD, $17 (CMM*) Dinner (Mgbtfy): $2&AO (AMD. $17.50 (CUM*) For reservations, piease call 6290 8005/6299 9011. Prtces subject to servtae charge fc. govt, taxes Including GST Available
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    • 108 9 Holiday Courses English O French O Japanese O Spanish Chinese O German O Korean Learn Wed I fIHHUHH Daily classes P6, Sec, JC, Poly Univ students 2 weeks 9am-12pm $282 9am-Ipm $356 Start dates 10 Nov, 26 Nov 10 Dec (min 5) wwiwa Business Communication Skills Presentations Negotiating Meetings Telephoning
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  • FOCUS property
    • 488 10  -  Is decanting the magic pill for building owners? By Andrea Tan A RECENTLY implemented policy which allows building owners to enjoy asset enhancement, alleviate excess office space supply and generate additional traffic seems to be the magic pill the industry is looking for. But
      FILE PHOTO  -  488 words
    • 274 10  -  Allgreen's 232-unit project likely to be officially branched this weekend By Andrea Tan ROBERT Kuok's Allgreen Properties sold 30 units at a soft-launch of its Bedok Reservoir condominium Baywater at the weekend. The group released 75 units at the 99-year leasehold condominium facing the
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  • Page 10 Advertisements
    • 352 10 Exclusive Residential Site in the East Coast Area Collective Sale of Maryland Point Tg tutonq Freehold Girfc Sch Katong «a Shopping Ctr Food Street I area: }g5 585 Katonq v Residential, plot ratio 2 8, up to 36 storeys I EEwl Excellent sea views fit city t OUJ C. Chinese
      352 words
    • 258 10 FREEHOLD COLLECTIVE SALE SITES 1) HOLLAND HILL MANSIONS I 1 T« Near Holland Village Short drive to Botanic Gardens and Orchard Road Site Area: 243,525 Residential at PR 1.6,12-storey 2) BRADDELL PARK r r...i Near Serangoon Central and L« Woodleigh MRT stations Short drive to Toa Payoh Town Centre and
      258 words
    • 344 10 /Hfik Jones Lang W LaSalle. A purpose built detached factory with an ancillary office, warehouse f— h and laboratory building BMHB Land-148. 655 sq ft 69.288 tt Tenure: JTC leasehold SOyrs with 3;. t' -I effect from 1 April 1993 with a B confirmed further term of 30 yrs Office
      344 words

  • REGIONAL news
    • 529 11  -  Second quarter profit surges to RM101m; while Air Asia posts RM12m gain in H2 From Eddie Toh in Kuala Lumpur WHILE Malaysia's first budget airline Air Asia is flying high, state-backed Malaysian Airline System has continued to face turbulence despite a
      529 words
    • 166 11 KUALA LUMPUR Bloomberg PPB Group Bhd, an oil palm planter and sugar refiner controlled by Malaysian businessman Robert Kuok, will take its flour-milling unit private in a cash and stock offer worth up to 817 million Malaysian ringgit (***** million). PPB will offer
      Bloomberg  -  166 words
    • 374 11 KUALA LUMPUR It'll take over listed status of Renong after catting debt AFP THE flagship company of United Engineers Malaysia (UEM) will be floated this week, marking a new start for the once key conglomerate just two years after it sank
      AFP  -  374 words
    • 535 14  -  KL has approved his purchase of 30% of Bank Muamalat from CAHB From Eddie Toh in Kuala Lumpur CONTROVERSIAL tycoon Syed Mokhtar Al-Bukhary has clinched another major deal this time taking a stake in a bank. The reclusive businessman's Bukhary Capital has secured
      REUTERS FILE PHOTO  -  535 words
    • 410 14  -  However, private sector economists say govt projection for 2004 growth too bullish From Diana Oon Abdullah in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Badawi yesterday reiterated government projections that the economy will grow between 5.5 and 6 per cent next year, although private sector economists
      410 words
  • Page 11 Advertisements
    • 211 11 Are your HR practices adaptable to the new economy? Friday, 21 November 2003 9:3oam s:3opm Suntec Singapore, Ballroom 2, Level 2 Ss2so per participant inclusive of Conference Kit and Lunch Don't miss this opportunity! Limited seats are available. Sign up NOW! For more information, call 6747 4271 or email: sls2oo3@mindmedia.com.sg
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  • EDITORIAL & opinion
    • 689 12  -  THE bottom line OPINION al labita THE political atmosphere in the Philippines is like a ticking time bomb. The issue of corruption is so highly charged that it is overheating the atmosphere; another upheaval, perhaps more devastating than a military coup or another "people power"
      689 words
    • 100 12 'I have certain criticisms and problems about the way very important matters of the state have been handled. There is no personal clash at all.' Chundrika Kmmatatungs. Sri Lanka's president, denying any personal disputes between herself and the prime minister, with whom she has traded public insults
      100 words
    • 624 12 EDITORIAL JAPANESE Prime Minister Junichiro Koizumi has reason to be satisfied with the results of the general election that has returned him to office for a second term Although the 237 seats won by his Liberal Democratic Party (LDP) were 10 short of what it
      624 words
    • 1093 12  -  Last month, the quintessential bankers' banker', Sir Andrew Crockett, was appointed president of JP Morgan Chase International. His long career all of it in the public sector has included positions as general manager of the Bank for International Settlements (BIS); executive director of
      JP MORGAN  -  1,093 words
    • 552 12  -  COMMENTARY By William Pesek Jr Bloomberg AUSTRALIA'S economic decoupling from the rest of the Asian region became even more apparent with the central bank's surprise move to raise interest rates. The Reserve Bank of Australia's quarter-percent-age point increase to 5 per cent last week
      Bloomberg  -  552 words
  • Page 12 Miscellaneous
    • 188 12 CRYPTIC CROSSWORD laugh (8) 28 Appeared to have built a is severely practical (11) Across: 1 Covenants, 6 Mates, porch (4,2,8) 11 It repairs a fracture in mould- 9 Revenge, 10 Dentation, 11 ed statue (7,4) Reissue, 12 Orators, 13 Laying 14 Just manage to prepare the tables, 18 Scarier,
      188 words

  • Page 13 Advertisements
    • 185 13 > 'fa I f y Located on the Southern tip of Malaysia, just 17 miles from v v' -"j 4 -'V Singapore, Senai Airport benefits from a modern rail and 'VViTe r-* f 'i road network, a world class IT infrastructure, and a lower cost of operations. ife* |L Asia's
      185 words

  • Page 14 Advertisements
    • 1860 14 > HARTFORD HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of Hartford Holdings Limited (the "Company") will be held at 51 Cuppage Road #10-06 Starhub Centre, Singapore *****9 on Thursday, 27 November 2003 at 9.30
      1,860 words
    • 1029 14 call toll-fret 1800 289 8822 Eaail: aotkes+sph.coaUttA AUSSINO GROUP LIMITED (Incorporated in the Republic of Singapore) NOTICE OF TWELFTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of Aussino Group Limited will be held at 290 Orchard Road. #17-04 The Paragon. Singapore *****9 on Wednesday.
      1,029 words
    • 183 14 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of BAK HONG MOTOR PTE LTD NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 Of THE COM PANES ACT, CAP. SO NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50, a
      183 words

  • Article, Illustration
    1068 15 Transaction date:Nov 10 PITERBA1H CROSS RATES AS CS Uro HK$ Ind »i »»pia* Van Won BM MS Pafc to hw $> tmt Sft WT$ Hmt 111 Australia 0.940 5.899 0.618 5.523 32.183 60.319 0.778 8J46 2.701 1.151 <0.821 39.356 1235 4.938 0.971 24.61 ***** 0.425 1711 Canada 1.064 6.276
    1,068 words
  • 1580 15 8IC0M FUTURES Novio MINER Futures (Ootfcq pricts) RSS1 (S cwtsAq) Close Vofame Open M»tb Hljb low Sett (tows) hiterot OK 03 ***** J« 04 213.75 Feb 04 213.75 14*04 213.75 R$S3<UScwtv/l«j) Volume OpM Montb Hjflb Uw Sett (tow—s) Interest Dee 03 137.00 ***** ***** 875 2700 JM 04 *****
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  • WORLD news
    • 370 15  -  Decision will force US to pay some compensation, say analysts From Ravi Kanth in Geneva THE World Trade Organization's highest appeals court the Appellate Body yesterday struck down US President George Bush's unilateral measure to increase import tariffs on steel products last
      370 words
    • WORLD Watch
      • 105 15 Reuters [SINGAPORE] Oil prices climbed to three-week highs yesterday after a weekend bombing in Saudi Arabia heightened fears over the supply of Middle Eastern crude. December New York crude futures gained 40 cents to U5531.25 a barrel while London's benchmark Brent crude rose 49
        Reuters  -  105 words
      • 96 15 AP [FRANKFURT] Computer chip maker Infineon Technologies returned to profitability in its most recent quarter after nine straight quarters of losses, in a sign the battered semiconductor market is improving. Net profit was 49 million euros (Ss9B million) in the July-September quarter. It
        AP  -  96 words
      • 87 15 Bloomberg [NEW YORK] R R Donnelley Sons Co, the printer of TV Guide and Sports Illustrated magazines, agreed to buy Moore Wallace Inc, the largest provider of forms and labels to corporations, for US$2.B billion in stock, expanding its services to publishers. The deal
        Bloomberg  -  87 words
    • 288 15 WASHINGTON They project 4.2% growth next yean Blue Chip poll Reuters SCRAMBLING to keep up with surprisingly strong economic news, private forecasters have boosted projections of US economic growth, a closely watched newsletter said yesterday. Blue Chip Economic Indicators said its poll of over 50
      Reuters  -  288 words
    • 704 17 But Wall Street analysts doubt market will reach the dizzy heights of 1990s Reuters [NEW YORK] After three years of stagnation, there are now signs of an IPO revival on Wall Street. But experts doubt it will reach the same crazy heights it did in
      Reuters  -  704 words
    • 372 17 Fate of Screw and Penthouse highlights challenges facing adnlt publishing industry AP [NEW YORK] After 35 years in the business of titillating and offending, pornographer A 1 Goldstein says his magazine can't compete anymore. The audience is just as large,
      AP  -  372 words

  • 4579 16 Transaction date: Nov 10 HONG KONG Vd HK Exchanges Clearing 16.70 -010 2590 H*$ '000 HKRIntl 2.33 405 2648 HK and China Gas 10.90 -0 10 5870 Aeon Credit 5.00 410 216 Hong Kong Electric 30.50 4.20 3285 Aeon Stores 4.95 unch 542 Hongkong Chinese 105 403 1032
    4,579 words
  • 2379 16 Transaction date: Nov 10 KUALA LUMPUR 122 Z Va i General Corp 0 56 0.01 188 KM W- fOOO) General Soil 1.26 unch 0 Genting 17.50 0.10 457 AIM Realty .2.14 0.08 1624 George Kent -'J "006 "23 Abric 1.00 -0.03 319 Globetronics Tech 6.80 -0 20 181 ACP
    2,379 words
  • 821 16 Transaction date: Nov 10 Una 50c 040 1.100 -0.040 WSM 50c 0J7 2050 -00*0 CJK 0.7$ 4190 *0.100 OOC 649 12-200 -0.100 CapitaLjnd 1.25 1430 -0020 CHJf 047 MOO -0100 Ourt SanvCond 26c 141 1710 -0460 OSO IjOOO OtyOavSOc 2 19 0100 -0200 Pkw Food MOOc 029 1200 -0X30
    821 words
  • 577 16 BONDS WARRANTS Tal LMt Vol Can* Emr Ox tear mZ Ml €■■>■> ««r- fWI Met I- UK 3698 AST! W*****1 275 O.S 166 1 14 5 131 7 3697 Aon* Ltd W0411* 1 unch 800 1 50 437 950 12 3602 Arntek W*****0 123 -7 15 1 33 1 1-25
    577 words
  • Page 16 Advertisements

  • 6497 17 Transaction date: Nov 10 52-Wk Tel Last Vol Day LrtQuote OOtv Mv OrVM MM MCao ■#i Low Co4o Cowpawy Sale W- fW| HUl Law Bayer Sa8er Cvr H W lj 695 455 5834 A Sonic 45.5 -3.5 2392 49 45.5 45 45.5 15.7 12(4 I 5300 ABNAmroNLG 56c
    6,497 words
  • 72 17 SM* M 1st M Day LMQmte GrfMv OK GrVM MM MCjb t— C«*i C— Mf >*» w- ft HM» t— —rm Mhr Cw m 8780 M 6065 Dumontfc lA2060cd 2120 37* 3740 6095 KDJUST«dt US3740 1097 IS MSO Spore US555 fm 5MKQB USB270 >90 9650 9650 6170 »0«S
    72 words
  • 1991 17 H* M UH M toy lartQwrte GrOto CNv ISfTM MM MCm Mt# I— Cede C— Ml W- fW| HI0I I—r Bwyer Sdter Cw Wi job 26 75 5000 AMHMpfc 195 uxti 171 20 19 19 20 J7j 42 125 2101 «M5t *5 -25 551 32.5 30.5 30 5
    1,991 words
  • 309 17 n-Wk Tal laM Wri Day LI QH 6KM> M* MM Ntf MCw L—r Ca*« Ciwpny Mi W- p— U» Sdhr CW M %3i IK >1 6000 AVJcnnangi A2Sc A HO -1 1S5 1(0 ISO ISO 181 40 8J 56 68 3874 6001 Cathay Pac 20c MK720 165 2.1
    309 words

  • FOCUS interest rates
    • 509 18 Central bankers more convinced of global economic recovery than at last meeting Bloomberg, Reuters [BANGKOK] Central bankers from the Group of 10 nations are "more convinced" about a global economic recovery than at their last meeting two months ago and
      Bloomberg,; Reuters; BLOOMBERG  -  509 words
    • 703 18  -  Like economies, they tend to move in cycles and the trend may be upward, says Eric Pfanner Eric Pfanner IHT THE market is always right, the saying goes on Wall Street. In that case, some analysts may be wrong. In the wake of the Bank
      IHT  -  703 words
  • Page 18 Advertisements
    • 53 18 see w®" ,lel "hqf fcJ r~ a \&Mft 4 Hong Leong Finance's ad campaign JK7 truly brings to life that they are indeed The SME Specialist.' Published and printed by Singapore Press Holdings Limited, 2 Jurong Port Road, Singapore *****8. A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838,
      53 words

  • SHIPPING TIMES
    • 268 19 Reuters THE Baltic Dry Index fell 41 points to 4308, the Baltic Capesize Index fell 36 points to 6493, the Baltic Panamax Index fell 77 points to 3930 and the Baltic Handymax Index fell 91 points to *****. TIME-CHARTER: Bulk Asia Coeclerici relet (built 2001) *****0 dwt 8/10
      Reuters  -  268 words
    • 594 19  -  Improvement due to sale of tanker unit, rising freight rates, better yields By Donald Urquhart [SINGAPORE] Neptune Orient Lines (NOL) reported a rebound in third-quarter profit yesterday, on the back of a strong performance by its liner division and aided by
      Source: C  -  594 words
    • 288 19 SGX '000 Nov 10 5S W- Vol CH Offshore ..0.35 -0.01 2794 ChuanHup .0.50 -0.01 1343 Cosco Investment 059 -0.02 9530 CWT Distribution 0.57 unch 101 EzraHldgs 0.96 -0.04 799 Freight Links 0.11 -0.01 1348 GB Holdings -.0.61 unch 1 Jaya Holdings 0 82 -0.03 3654 K1 Venture
      288 words
    • 411 19  -  Existing capacity expected to be used up by 2009 By Beth Jinks [SINGAPORE] Plans to expand Sydney's Port Botany container port are being pushed ahead amid fears that existing capacity will be exhausted by 2009. In a newsletter appeal for public support
      AFP  -  411 words
    • 107 19 [SINGAPORE) Parliament yesterday passed a Maritime Offences Bill which will give effect to the provisions of the Rome Convention aimed at international efforts to fight maritime terrorism and piracy. The International Maritime Organisation negotiated convention aims at eliminating safe havens for perpetrators of crimes at sea
      107 words
    • 205 19 Bloomberg [BOSTON] Terror attacks on liquefied natural gas (LNG) tankers in Boston harbour have the capacity to inflict substantial damage on the port and its residents, the Boston Herald said, citing a preliminary study from the government. The National Oceanic Atmospheric Administration (NOAA)
      Bloomberg  -  205 words
    • 229 19 [SINGAPORE] Johor's Port of Tanjung Pelepas (PTP) is upgrading and automating its rubber-tyred gantry crane (RTG) fleet to boost productivity. All 67 cranes will be fitted with auto steering and a container verification system by Kalmar Industries, the port announced in a statement. PTP
      229 words
    • SHIP/breaking
      • 716 20 The departure of four decrepit chemical-laced former US Navy vessels for England once again brings the lucrative industry under the spotlight AFP [LONDON] EVERY year hundreds of ships, many rusting and contaminated with toxic materials, criss-cross the world's oceans to be broken up, but
        AFP; AP  -  716 words
      • 109 20 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A
        109 words
    • 7676 24 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Nam* Nam* Number Number SIN Dest'n Name Name Number Number 02/12 21/12 China Shpq APL IRIS 2401* 65-*****898 To ABIDJAN (ABJ) 2003 Cota DJvoira To FOS-SUR-MER (FOS) 2129 Franca 19/n 24/12 CMA
      7,676 words
    • SHIPS IN PORT
      • 583 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ASIA BRIDGE 71 J5 A/SIDE 11/*****0 ATLANTIS 7 A7173 J3 A/SIDE 11/11 0645 BAYSWATER228 E3259 J3 A/SIDE 11/11 0030 CEC MORNING 010S J7/8 A/SIDE 11/*****0 HARU TOC59 J6 A/SIDE 11/11 2359 MARCOPO 3222 06/03J J7 A/SIDE 11/11 0630 MARINEGOLD
        583 words
      • 1862 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr Ofuwi'w 0309 0309 t 12/11/200*0*00 12/11Q0<B-11-00 K12 ACX DAHUA 069S 069S 1 11/11/2003-07 00 11/11/2003-2100 T05 ACX HIBISCUS 06SN 08SN 1 11/11/2003-0800 11/11/2003-2200 T01 ANDA 3270 3270 1 12/11/2003-14:00 12/11/2003-1900
        1,862 words
      • 130 25 Nov 25 Singapore: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Deo 5 Thailand: King's Birthday. Deo 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 29 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas Day.
        130 words
      • 829 25 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        829 words
      • 466 25 Carbon Not 6 Density Water ItesMye AsnAluminlum faggwt (OH WW3 H H/M »M/M ISO/Dm* Limits Spet E25 991 10 15.0 0.10 80 0.10 %m £35 991 10 18.0 0.15 80 0.10 Northern Europe 180 Ave 983.0 02 12.2 0.04 20 0.02 180 Mu 989.7 2.4 M.8
        466 words
    • AIR & LAND transport
      • 519 26 Indicative price at A$1.80-2.25per share, valuing firm at A$1.9-2.3b AFP [SYDNEY] Australian budget airline Virgin Blue said yesterday it hopes to raise up to AsssB million (*****.2 million) when shares in the group make their stock market debut on Dec
        AFP; REUTERS  -  519 words
      • 126 26 [SINGAPORE] Electronic airline tickets are now available in Indonesia, beginning with Singapore Airlines sales, Asia's dominant airline reservation company Abacus International announced yesterday. Paperless e-tickets became available for Indonesian bookings of SIA flights last month, and will be sold on behalf of three
        126 words
      • 362 26 Move aimed at improving loss-making firm's operations [PARIS] Eurostar, the high-speed train service between England, France and Belgium, is set to overhaul its unwieldy management structure before the end of the year to improve the lossmaking company's operations, said a Financial Times report. The reorganisation
        362 words
      • LOG Book
        • 74 26 AP [NEW DELHI] India's flag-carrier airline Air India will buy a total of 28 new planes from both Airbus Industrie and Boeing Co over the next five years in a purchase worth US$2.l billion, news reports said. The airline will buy 10 long-range
          AP  -  74 words
        • 88 26 AP [JAKARTA] National airline Garuda Indonesia Airways will soon resume flights from Jakarta to Ho Chi Minh City and Beijing. Both routes were cancelled in mid-1997 after the Asian financial crisis hit Indonesia, triggering a slump in air travel to and from the
          AP  -  88 words
      • 779 26 It cites increased competition from low-cost carriers like Ryanair Bloomberg [LONDON] British Airways, Europe's biggest airline, said fiscal secondquarter profit fell 36 per cent as the carrier lowered fares amid a decline in corporate travel and competition from low-cost carriers such
        Bloomberg; BLOOMBERG NEWS  -  779 words
      • 1802 26 ifflf naiT m nan rui IMM 1*9770 2245 O"** 50*77 0710 EM05 0220 S0229 2245 "<04 USO DM13 0250 IA7382 2250 EK348 1645 OU31 0315 aw EMtt 1940 $0428 2325 >ntr«M S023 0630 6*974 0130 .JftHmBML KL837 1535 S***** 2150 f'MUmt IM9762 0655 IH9765 1425 ma
        1,802 words
  • Page 19 Advertisements
    • 18 19 Virgin Blue aims to raise AS55Bm in flotation BACK PAGE "Ghost fleet" fuels row over ship-breaking page 2
      18 words
    • 446 19 PEOPLE Noble Group has appointed Stephen Marzo as its global chief financial officer, replacing retiring executive Milton Au, who will remain a non-executive director and assume vice chairmanship of the company's audit committee. Mr Marzo has 20 years of financial experience, working for institutions including Chase Manhattan Bank, the Phibro
      446 words

  • Page 20 Advertisements
    • 681 20 IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND I «Ul'm «WTTLg BtPHUM (BSX) AUBTRAUA ASA EXPRESS (AAX) «ssa voy in sin kg jpjMfcj VESSEI VOY IM SYD Mil AM Rf SM KG PtO NEDUOYD KOBE J4W43 29/10 H/ll 11/11 00a CAUfORMA 74W44 05/11 23/11 25/11 PtO MDUOYD ADEUIDE 70N OWT 03/11 05/11 07/11
      681 words
    • 477 20 S&h, lines services represented by bg*. Singgpy Shipping AwocigHon A"""*"" ULY UNI MAIM HiHBHi rtSSEI VOY ETA EU ETA A P. BAHG SPORE MALE Empress Lily 0603 18/11 20/11 29/11 Mold Carrier 743 A 29/11 01/12 10/12 Princess lily 1103 08/12 10/12 19/12 Mold Star 544 A 18/12 20/12 29/12
      477 words

  • Page 21 Advertisements
    • 1046 21 TO USA (SAX SERVKE) VISSII. VOT SIM ETA LAX OAK DAI HOU CHI COi Mi* Ml NYC I HUBag im 12/11 27/n 01/12 02/12 02/12 oi/'2 w/» M 12 "Z l °V» Aft SWIPtH QUE 19/11 04/12 00/12 09/12 o*/H 09/12 09/12 09/12 12/12 12/12 AHHOtIANP "1211 26/11 UJvTIS/lT 16/12
      1,046 words
    • 1353 21 GfKUI MINTS MSMCtfttf: 10 tOMTSON I# #)2-00 SAUS/KCS TIL-44MH57/41 FA* «N COST AD {HIPPING PTC LTD MKUOMOMI* OUTWAIO (i/u MMSMI r!«v nSS«SE! Til: 622* 1900 (MAM) MWUD (D/O) *****71* *****311/41 CI Wfc **********0* T/SHIf Off *****125 *****316/46 jOHOt'S OffKL CONVENTKMAI *****150 *22*2201 COSTA* AMOB WSM MO TTL 07 1531)6* MI:
      1,353 words

  • Page 22 Advertisements
    • 1126 22 g .M WX WAN HAI LINES V Tel: 6226 1588 Fax; *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: NHAVA SHEVA CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY For more details, call HOTLINE: 6226 1588/ I 1800-*****00 u -y NORTRANS SHIPPING AGENCIES A/ I W I U /V
      1,126 words
    • 521 22 BSA x MYANMA FIVE STAR UNE (Mvouw MHW Um) Lo«to| for Yo»|m VfSSfL VOT SM K1 HN PGU PAGAN 321W SIO HPA-AN M7W Sift IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUL 03-*****)00 PtL 03-*****101 PIN: 04-*****02 ACCEPTIWQ COiVEITIOMAI CBO vtssa vor hug sin pgu m rik KSTKSCADOKS S SID SU) SID
      521 words

  • Page 23 Advertisements
    • 1260 23 pvtSSCL VQY KHH HKO SIN HCL PXB IA» DMM WK IRAN LOMSTAN PCI #011 SKIP SKIP 17/11 16/11 27/11 29/11 04/12 04/12 IRAN SATTARI PCL 8012 SKIP SKIP 24/11 23/11 03/12 04/12 10/12 12/12 CAPCFRK) PCI 8013 SKIP SKIP 24/11 25/11 OS/12 06/12 12/12 14/12 IRAN LOftISTAN PCL 8014 SKIP
      1,260 words
    • 685 23 i k UK CONTINENT SERVICE Loading for GOKCAN RTM/ATW/BMN/UK/NAN KALMA RTM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia. Indonaaia MIDDLE-EAST SERVICE Loading lor DORIAN STAR DBI/ABU/DOH/BRN/DMM/KWT J FRIEND DBI/ABU/DOH/BRN/DMM/KWT RAVENA DBI/ABU/DOH/BRN/DM M/KWT J SAFE ADN/HDD/JDH 'Loads Singapore, EAK. Malaysia. Imlnmniii USA SERVICE Loading for SEABEE CAM/NFK/SAV/NOL 'Loads E/W. Malaysia. Indonesia F.E./S.E.A. SERVICES S
      685 words
    • 751 23 ypsa m m eai— _msa m m jd naiAMM IfiZT* HZU L2ZU— «JUJ W2k UZIJ LLU PAOAMPA IfiZlSi UZU 14/11 IlillITi? UZfl ILUJ IMJ SS 10 m 15/11 It/11 -EAUUUI EIA2Z Wll 2101 PAC lAMOA ma IZZI3 17/1) MAMiAWI M7l _JiZU PAC lANDA lwji uzii ii/n wK^^mrmrmrrram^^m ncmmk Imm ivn
      751 words

  • Page 24 Advertisements
    • 40 24 Regular Liner Break-bulk Service to Australia, Papua New Guinea is now at your service. s 4r' r P J"# fyv Turn to Page 5 t Austral Asia Line o^v>C\CV?'O'iOCN# s CNCNjy< s i£N?N? s C N C^ > 'C l, Cy3
      40 words
    • 21 24 A New Weekly Express Service to NHAVA SHEVA, India has just been inaugurated. Turn to Page 4 for more details. 1
      21 words

  • Page 25 Miscellaneous
    • 108 25 REGIONAL MMMBWMMMHMMMWBMBMMWMMMMMWI^MME^'RF^?Issued by Meteorological Service Division,NEA LEGEND: '.Thunderstorm Wind speed symbols Showers F u circle w/o line indicates calm or light and variable winds Rain One halt fleche represents 5 knots Cloudy Day One full fleche represents 10 knots Hazy A -One solid triangle represents 50 knots D Centre of
      108 words