The Business Times, 25 November 2003
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2003-11-25
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The Business Times
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Title Section13 2003-11-25 1 THE BUSINESS TIMES MITA (P) 024/03/2003 Internert SINGAPORE TUESDAY, NOVEMBER 25, 2003 H13 words
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669 2003-11-25 1 Siow Li Sen - Millions pumped in to ad campaigns to catch post-Sars demand By Siow Li Sen [SINGAPORE] Credit card banks and companies are pumping in tens of millions of dollars to get consumers to spend like there's no tomorrow, as the pent-up demand post-Sars669 words
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Article68 2003-11-25 1 Dsn MUJI (+9.68) □ST MDEX FUTURES MSO.OO (+2.00) IHBCI FUTURES 20&20 (+0.30) Monday Change KLSE COMP Closed NIKKEI 225 Closed HANG SENG _11.848.56 +8.76 SET INDEX 605.29 JAKARTA COMP -Closed MANILA COMP .1.334.58 +0.28 TAIPEI WP1 5.***** -8.48 SEOUL COMP 753.65 -17.13 SHENZHEN B 269.24 +5.82 ALSTALLORD .3,175.70 +0.4068 words
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Article77 2003-11-25 1 FOREX RATES us$ s$ IS$ (SS per l'S$) 1.722 St(l SS/SS per 1.705 2.937 ETRO(l!S$/SS/E). 1.190 2.049 YEN 109.0 63.30 RM 3JW0 2.206 HKS 7.764 4.508 BAHT 39.89 23.16 Rl'PlAH 8,500 4,935 RENMINBI 8.299 4.819 INDIAN RUPEE 45.86 266:$ AS 1.181 0.802 NZ$ 1560 0.906 PRIME RATES SINGAPORE* 5.2577 words
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Article, Illustration450 2003-11-25 1 Cheah Ui-hoon, Chen Hui Fen - Surprise and puzzlement as Jose Carreras concert is cancelled By Cheah Ui-hoon, Chen Hui Fen [SINGAPORE] Fans concerned about what the weather will be like at the Jose Carreras concert at the Padang tomorrow night don't have to worry now. In a surpriseFILE PHOTO - 450 words
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Article, Illustration1036 2003-11-25 1 Siow Li Sen - BT exclusive LTG Bank opens Singapore branch and joins battle for wealthy private clients By Siow Li Sen [SINGAPORE] The rich here can soon rub shoulders with royalty or at the very least invest like a prince with last month's opening of the LGT1,036 words
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Page 1 Advertisements
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Advertisement25 2003-11-25 1 GHWGEOFIHECARDS ■Managing credit card risk Pig 14 ■Plastic: More than just paying bills P*l4 ■Which card? Who's offering what? P|ts ■How card players cope Pgl625 words
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Advertisement44 2003-11-25 1 INSIDE COMPANIES It's time to pick up some beaten down stocks Teh Hooi Ling, Pg 3 Will rash of cash calls unsettle market again? Pg4 SMALL CAPS Federal Intl's Russian gamble Pg7 US ECONOMY Economists project strong US growth next year Pgi2 I I44 words
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589 2003-11-25 2 Wong Wei Kong - Paper says S'pore bank and Commonwealth Bank of Australia are eyeing 49% of Global Trust Bank By Wong Wei Kong [SINGAPORE] DBS Bank has again been mentioned in a possible overseas acquisition, this time in India. DBS, along with Commonwealth Bank of589 words
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Article, Illustration487 2003-11-25 2 Chuang Peck Ming - US firm impressed with S'pore and may invest US$20m By Chuang Peck Ming [SINGAPORE] US-based healthcare giant Baxter International is looking to expand in the high-growth bio-science sector and Singapore is well situated to help in that expansion, according to its chairman andCHRIS LOH - 487 words
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ON THE grapevine
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Article168 2003-11-25 2 HERE are two takes on America's "jobless" recovery. The first comes from Dumont Blake's Market Commentary dated Nov 4. Highlighting the rapid increase in productivity, the writers say: "We think 'jobless' is an incorrect way to describe the current economic recovery. All recoveries are jobless168 words
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Article145 2003-11-25 2 AS a pastime, it has thrilled Britons and tourists for more than a century. But feeding pigeons in London's famous Trafalgar Square is now illegal a move that has angered bird lovers but delighted the capital's controversial Leftist mayor Ken Livingstone. His new by-law came into145 words
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Article, Illustration377 2003-11-25 2 Eddie Toh - BT exclusive It invites proposals for new site from interested parties From Eddie Toh in Kuala Lumpur THE historic Selangor Turf Club is set to move again after already having made way for construction of the then world's tallest buildings377 words
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SINGAPORE companies
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Article, Illustration858 2003-11-25 3 teh hooi ling - HOCK lock siew teh hooi ling A CURIOUS thing is happening in the market now. Many companies which recently reported a solid set of earnings have seen their stocks being sold down. On Nov 19, 2003, Surface Mount Technology (SMT) said858 words
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365 2003-11-25 3 R Sivanithy - By R Sivanithy DEALERS have welcomed a recent move by the local stockbroking industry to separate house trading from client business. They believe that although there could be a short-term drop in liquidity, the market will eventually adjust and clients will benefit. "It365 words
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716 2003-11-25 4 Wong Wei Kong - But Smith Barney says the level of fund raising is still comfortable By Wong Wei Kong WILL there be a rash of cash calls to unsettle the market? It's a question that won't go away, after a share placement by Neptune Orient Lines716 words
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Article, Illustration398 2003-11-25 4 Kalpana Rashiwala - Sources say the freehold plot may fetch $32-35m By Kalpana Rashiwala SINGAPORE Telecommunications has put up for sale its telephone exchange site on Old Holland Road. The 87,086 sq ft freehold site, which has been approved for redevelopment into landed housing, is398 words
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Article, Illustration505 2003-11-25 4 Kalpana Rashiwala - By Kalpana Rashiwala A COMPANY believed to be linked to Citiraya Industries major shareholder, deputy chairman and chief executive, Raymond Ng, has emerged as the buyer of the Good Class Bungalow (GCB) site at Bishopsgate which Hongkong and Shanghai BankingFILE PHOTO - 505 words
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Article, Illustration378 2003-11-25 4 Siow Li Sen - By Siow Li Sen BARCLAYS Capital, after several months of looking, has found 5,000 square metres of space at the AtriumfoOrchard to house its global IT hub and backroom services. In a statement yesterday, Barclays Cap, one of the biggest investment banks378 words
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Article, Illustration669 2003-11-25 5 Kenneth Lim - Two board directors voted in at AGM; company set to move in new direction soon By Kenneth Lim AFTER two years of helplessly watching their company languish in the red, Adroit Innovations shareholders yesterday pinned their hopes on a new board of directors.669 words
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Article, Illustration262 2003-11-25 5 Tang Weng Fai - By Tang Weng Fai HIT by rising manpower and operational costs from its expansion in Thailand, Australia and locally, luxury watch retailer Hour Glass group has reported a sharply lower after-tax profit for its half-year ended September. Despite an 11.1 perFILE PHOTO - 262 words
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256 2003-11-25 5 Tang Weng Fai - By Tang Weng Fai PRECISION tooling and metal stamping group Amtek Engineering looks set for a slow start in keeping to its aim of double-digit growth this year as first quarter results show operating costs rising faster than turnover.256 words
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419 2003-11-25 5 Teh Hooi Ling - It plans to sell non-core assets and more new shares to raise funds By Teh Hooi Ling CONSTRUCTION group Hua Kok International said the losses it incurred and lack of cash inflows and earnings from its subsidiaries caused it to breach several419 words
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456 2003-11-25 5 More firms from the rich province likely to head for SGX [SHANGHAI] Three private firms from Zhejiang have opted to list their shares on Singapore's stock market rather than in Hong Kong and the province hopes that they will be the456 words
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340 2003-11-25 5 Potential investor negotiating for stake worth 50.4m ordinary shares GLORIA Lee's Kim Eng Holdings said it is negotiating with a potential investor on the possible sale of its entire 70 per cent in its listed Hong Kong securities340 words
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215 2003-11-25 5 Reuters INVESTMENT bank ÜBS raised Singapore Press Holdings Ltd (SPH), Asia's third most valuable listed media group, to a "buy 1" from "neutral 1" yesterday partly due to hefty gains from a recent property sale. SPH, with a market value of aroundReuters - 215 words
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COMPANY Briefs
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105 2003-11-25 5 ata tft rtocilarri lei nf"* 1 1*^— ALA yesterday said it will declare a terminal bonus for endowment and whole life policies which matured or are terminated in 2001 and 2002. General manager Ralph Gaudio said the partial restoration of the bonus is "designed to align more closely the bonus105 words
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Article65 2003-11-25 5 SINGAPORE Technologies Engineering (ST Engg) said a new tracked-based field howitzer developed by its land systems arm, Singapore Technologies Kinetics (ST Kinetics), has been commissioned into service with the Singapore Artillery. The 155 mm 39 calibre self-propelled howitzer named SSPHI Primus by the Singapore Armed Forces (SAF) is the product65 words
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Article33 2003-11-25 5 TECH Group Asia Ltd said Deborah Lee Siew Yin resigned as its chief financial officer on Nov 24. Nah Song Sen is the new chief financial officer.33 words
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Article92 2003-11-25 5 SEMITECH Electronics Ltd said it signed separate contracts with Taiwan-based Quanta Computer Inc and Germany's Siemens AG to provide repair and maintenance services for their products. Semitech will provide motherboard, computer notebook repair and return to vendor services to original design manufacturer Quanta for their customers in92 words
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Article99 2003-11-25 5 PO WERMATIC Data Systems more than doubled its after tax losses attributable to shareholders for the half year to August, clocking in $2.2 million in the red compared with $967,000 for the corresponding period last year. An increase in inventory and longer credit terms from99 words
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Article61 2003-11-25 5 LISTED contractor CSC Holdings ended its first half year to September with an after tax profit of $630,000. CSC did not provide comparable six-month figures for the half year ended September 2002. It a capital reduction exercise in June effective in August, paring the61 words
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Page 3 Advertisements
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Advertisement28 2003-11-25 3 J i I iP— W' '»«J ■toflH L w Mgt «b Jh 170° flights a day. 3 O»W«VniWc« T£^P> .mh www.nwa.com/8g Flying smartr C IHIV3 V NQKTHWEST AIRLINES*28 words
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Advertisement14 2003-11-25 4 mbbmbm ■|BU|E|iKWiN I I I A H^H W a W Jk I H^H TheßusinessTimes14 words
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Page 5 Advertisements
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Advertisement7 2003-11-25 5 CA.T.S. Buy It. Sell It. Find It.7 words
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SINGAPORE markets
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Article, Illustration601 2003-11-25 6 QUAK HANG WHAI - Compiled by QUAK HANG WHAI CUrayi Not 24 ctafev 4AS c«b NINE-MONTH net profit of $9.4 million (+55 per cent y-o-y) came to 56 per cent of our (adjusted) FYO3 net profit forecasts of $16.7 million. 3Q03 turnover of $33.2 million jumped by 213 per cent y-o-y, onSource: Bloomberg - 601 words
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Article, Illustration277 2003-11-25 6 Teh Hooi Ling - HOT STOCK WARRANT By Teh Hooi Ling PACIFIC Andes, which reported a 21 per cent increase in interim net earnings, has attracted some positive comments from a few broking firms. Phillip Securities noted that the group's increase in sales was mainlySource: Bloomberg - 277 words
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Article, Illustration608 2003-11-25 6 larry wee - BT comment CURRENCIES US$ bears maintain short positions; charts show A$ looking good against the yen larry wee CURRENCY markets traded mostly sideways yesterday, but there was no clear sign of any lasting let-up of selling pressure on the US dollar. A holiday-punctuated weekSource: Reuters - 608 words
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Article, Illustration521 2003-11-25 6 r. sivanithy - BT comment STOCKS r. sivanithy all intents and purposes, t "How's the market?" Am has been replaced by "How's the banking sector?", such is the influence banks usually exert on the Straits Times Index. But yesterday, the index's oscillations were dictated largely by movementsSource: Bloomberg - 521 words
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TRADES TO WATCH
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Article78 2003-11-25 6 DATAPULSE managing director Ng Cheow Chye has exercised options to buy 900,000 shares at 17 cents each, a 47.9 per cent discount from Friday's closing price of 35.5 cents. Mr Ng's stake in the data storage specialist now stands at 12.99 per cent from 12.84 per cent. Based on yesterday's78 words
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117 2003-11-25 6 AEGIS Portfolio Managers has stocked up on technology plays during the past week, buying into semiconductor service provider Ellipsiz and network architects DMX Technologies. Aegis bought 636,000 shares in DMX last Thursday for a total consideration of about $443,000, bringing its stake in the117 words
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Article, Illustration67 2003-11-25 6 ACCORD Customer Care Solutions non-executive chairman Henry Tan yesterday bought 1.5 million shares in his company off the open market for $900,000, or 60 cents a share. The purchase brings his direct and deemed stake in the mainboardlisted after-market service provider to 19.27 per67 words
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Article57 2003-11-25 6 KENNETH LIM - Compiled by KENNETH LIM UNITED Industrial Corp continues to raise its stake in Singapore Land, buying 713,000 shares in one of Singapore's largest CBD landlords since Tuesday last week. The purchases, worth a total of $2.7 million, bring UlC's stake in Sing Land to57 words
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Article, Illustration134 2003-11-25 6 OTHER SINGAPORE INDICES Nov 24 VALUE CLOSE BTOB/DS -815.00 +236.00 IT CAW -*****.00 -48.00 BTHMbgrlM -*****.00 -82.00 448.19 +1.60 Ekct 166.12 -0.77 SG Fin 1399.95 +8.89 SCClpMiMhu 417.15 +2.42 fWmUfiin 203.74 +1.57 SiMSCI Futures 203.20 +0.30 Hob Hntthtg f/riavarriti trotting cunvncies, but absolute dUfermce is in St CURRENCIES Where S$134 words
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SMALL caps
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Article, Illustration776 2003-11-25 7 ANGELA TAN - Its foray into oil-rich Sakhalin and the Middle East could pay off handsomely, says ANGELA TAN ANGELA TAN FOR most people, the harsh climate of Sakhalin to the north of Japan does not make it the most hospitable place in the world to do business more soCHRIS LOH - 776 words
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360 2003-11-25 7 Angela Tan - By Angela Tan THREE directors, including the executive chairman of Federal International, agreed to sell 35 million shares representing a 20 per cent stake in the company to various institutions, including Commerzbank AG, to tap the banks' expertise for future funding needs. Federal's360 words
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399 2003-11-25 7 Teh Hooi Ling - By Teh Hooi Ling THE market suffered another drubbing last week, with small capitalisation stocks bearing the brunt of the selling. The UOB Sesdaq Index is down a sharp 5.2 per cent in the last Ave trading sessions. Our small-cap portfolio, however, managed399 words
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Article1498 2003-11-25 7 SICSOM FUTURES Nov 24 HMERfrtwetfCMat prices) KSS1 (SctatsAv) Close Votame Open Mwtt Mgh Lot Sett (tones) Interest Dec 03 210.00 Jan 04 209SO x Feb 04 210.50 Mar 04 ***** KSS3aScMtsAq) Votame Open Moat* M|li Low Sett (tonnes) interest Dec 03 1 1 ***** 1 2025 JM 04 12L2S1,498 words
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FOCUS property
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Article, Illustration786 2003-11-25 8 Effective use of space and lease restructuring can lower a firm's real estate costs COMPANIES today are constantly under pressure to cut costs, with every aspect of a business subject to scrutiny, from headcount reductions, to outsourcing and saving on real estate expenditure. Real estate costsFILE PHOTOS - 786 words
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Article40 2003-11-25 8 UNIT TRUSTS FUNDS UGMD: Mt arkm Mart** ocatf far U WnogH »■■>!. twjy Divan Mo* I (Briowfjr huri; S (mm tak. low to Madhan RWc Madun to H»Wc"lMi»Mi.«B|i»i ■■tad* MmakMatotwlKMMlß u*ldUil»ii o< units SfaHw HA- Hon Oaakng Day: 99 floor fttaKSSO-tIS40 words
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Page 8 Advertisements
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Advertisement107 2003-11-25 8 FREEHOLD COLLECTIVE SALE SITES 1) HOLLAND HIU MANSIONS r~ Exclusive residential address amid lush greenery 5-minute walk to Holland Village Short drive to Botanic Gardens and Orchard Road ft/''/ Site Area: 243,525 sqjft Ij/fj Residential at PR 1.6,12-storey i/i/'*-<*«*» 2) BRADDELL PARK —jj IjlL^ Near Serangoon and Woodleigh MRTstations g_107 words
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SINGAPORE news
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Article, Illustration259 2003-11-25 9 Andrea Tan - EYE on the economy By Andrea Tan THE fourth straight rise in the consumer price index is strong evidence that Singapore's deflationary days are over. In October, the CPI rose 0.6 per cent from the same month last year. This followed a 0.7 perSource: DOS - 259 words
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342 2003-11-25 9 Ong Kim Moi (Dr) Singapore - MAIL bag Ong Kim Moi (Dr) Singapore HAS consolidation in the t banking sector led to cartel- like behaviour and Hobseveral banks (DBS, OCBC and Maybank) and was advised by each bank that the commission for a BG was one per cent of342 words
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560 2003-11-25 9 Gain led by growth in electronics, biomedicals, chemicals output Reuters SINGAPORE factory output figures are expected to show a rebound in October, led by a recovery in the key electronics sector, a Reuters poll showed. "A strong upward trend remains intact, thanks to theReuters - 560 words
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Article100 2003-11-25 9 Bloomberg SINGAPORE oil refiners' profit margins from turning crude oil into gasoline, diesel and other products fell in the week ended Nov 14, Merrill Lynch said. So-called simple refining margins in Singapore, Asia's biggest oil-trading centre, declined to 94 cents a barrel in the weekBloomberg - 100 words
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376 2003-11-25 9 Daniel Ong - Daniel Ong OCBC, Wearnes Walden Management (Singapore) Pte Ltd WE refer to the letter "Craft Print committed to disclosure" (Mailbag, Nov 17) in response to your editorial of Nov 6, "The duty of minority shareholders". OWWS is, by all definitions, a minority shareholder of Craft376 words
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Article, Illustration335 2003-11-25 9 Cheah Ui-Hoon - By Cheah Ui-Hoon POLICY makers can start to think of ways to remove obstacles to developing creativity and innovation, instead of placing "creative industries" within the ambit of arts-funding agencies, said Ho Kwon Ping, chairman of the Banyan Tree Group, yesterday. Delivering the keynoteFILE PHOTO - 335 words
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Page 9 Advertisements
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Advertisement369 2003-11-25 9 Where to Mine, dine and entertain... Worid of Exdusive Privileges Treats I—vaj~Lsn—1 —vaj~L5n— modish indian dining E [Savour authentic Indian cuisine by the Waterfront. Gourmet Set Lunch J 12 noon to 2.30pm I Ss2o per person Dinner 6.00pm 11.00pm VeQetarian/non-veqetarian I menus available Make your dining reservations with us at:369 words
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Advertisement198 2003-11-25 9 Euro-Asian Buffet Lunch Dinner Indulge In the best of two culinary worlds as we bring you the best of International cuisine Highlights Indude Pepper Crabs and Rod Prata from Singapore. Sashimi and Caltfornian Hand Rolls from Japan. Fresh Oysters, Soft-shelled Crabs and Braised Oxtail from Europe and lots more. Monday198 words
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REGIONAL news
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542 2003-11-25 10 Al Labita - TOURISM UPS AND DOWNS Hotel occupancy is taking a knock, especially in Metro Manila From Al Labita in Manila A NEW rash of kidnappings coupled with election-relat-ed political tensions have cast a pall on near and medi-um-term prospects for Philippines tourism. "Tourism is usually542 words
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Article108 2003-11-25 10 Reuters [MANILA] The Philippine peso dived to a 34-month-low against the US dollar yesterday after the resignation of Finance Secretary Jose Isidro Camacho and concerns that a movie star will become the country's next president, dealers said. The dollar rose to 55.70 pesos in early trade,Reuters - 108 words
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Article, Illustration701 2003-11-25 10 HONG KONG They're banking on Chinese tourists to boost sales Bloomberg WHARF (Holdings) Ltd, Sun Hung Kai Properties Ltd and other Hong Kong mall owners raised rents for the first time in three years, betting that increased tourism from ChinaBloomberg; REUTERS - 701 words
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408 2003-11-25 10 BEIJING AFP CHINA is once again preparing to bail out its insolvent state-owned commercial banks in a move that has been widely expected for some time, the Financial Times reported yesterday. Details of a comprehensive package are now being worked outAFP - 408 words
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Article, Illustration56 2003-11-25 10 [SHANGHAI] A worker clambering up an elevator tower at a construction site in Shanghai China's army of 94 million migrant workers are owed some 100 billion yuan (Ss2o billion) in unpaid wages, a huge sum that is sounding alarm bells in government offices due to the potentialforAFP - 56 words
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309 2003-11-25 10 HONG KONG Flight of talent leads to brain drain in Asian cities report Reuters SALARIES for senior managers in fast growing mainland China cities are expected to overtake those in Hong Kong in five to seven years, and SingaporeReuters - 309 words
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272 2003-11-25 10 BANGKOK AFP THAILAND plans to axe 47,000 government jobs to weed out underperformers and streamline a bureaucracy preparing to become an online "e-government", officials said yesterday. Deputy Prime Minister Wissanu Krea-ngam said details of the mass lay-offs are being finalised byAFP - 272 words
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NOTE Book
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138 2003-11-25 10 AP [HONG KONG] Hong Kong voters turned out in record numbers to hand the territory's top pro-Beijing party a stunning defeat in local elections that showed pro-democracy forces maintaining momentum from a huge anti-government march on July 1. "I believe the government got theAP - 138 words
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Article, Illustration84 2003-11-25 10 Reuters [HONG KONG] James Murdoch has resigned as a non-executive director of Mandarin-language broadcaster Phoenix Satellite Television Holdings, the company said yesterday. Mr Murdoch, son of media baron Rupert Murdoch, relinquished his directorship after resigning as chairman and chief executive of News Corp's Hong Kong-basedReuters - 84 words
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Article123 2003-11-25 10 Bloomberg [SHANGHAI] Xinjiang Hops Co shares will be restricted in trading starting today after its market value was slashed by 73 per cent amid a probe into 988 million yuan (*****.4 million) of hidden loan guarantees. China's biggest supplier of beer barley and hops saidBloomberg - 123 words
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67 2003-11-25 10 AFP [BANGKOK] Thai Airways' offering 0f442.75 million shares has been fully subscribed, generating over 22 billion baht for the national carrier, and will begin trading on Thursday, officials said yesterday. "All of the 385 million Thai Airways shares plus 57.75 million under the greenshoeAFP - 67 words
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81 2003-11-25 10 AFP [SHANGHAI] Chinese securities regulators have proposed a new plan to sell off shares in state-owned enterprises, a problem which has bedevilled the government and stock markets for more than two years, a report said yesterday. The sale plan is expected to beAFP - 81 words
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Page 10 Advertisements
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Advertisement11 2003-11-25 10 Itt I Lianhe Zaobao I tvimfJiwlffl I sale I gfcgflSKi I11 words
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REGION world
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674 2003-11-25 11 BRUSSELS Move to lift steel tariffs will avoid EU sanctions due to begin next month Bloomberg, AFP, AP, Reuters THE US has signalled a willingness to remove steel tariffs and scale back export tax breaks in time to avoid European Union sanctionsBloomberg,; AFP,; AP,; Reuters - 674 words
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Article, Illustration70 2003-11-25 11 [SHOW A, Japan] This picture released by the Japanese Antarctic observation team yesterday shows the solar eclipse taken from the Dome Fuji, some I,oookm south ofthe Japanese observation base at Showa. It was visible for barely two minutes, but enthusiastic umbraphiles were happyAFP - 70 words
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323 2003-11-25 11 BEIJING It had objected to logos used by China carmaker Geely Bloomberg TOYOTA Motor Corp lost a trademark lawsuit against China's biggest private carmaker, raising concern courts will allow domestic companies to mimic designs and logos of overseas investors including Volkswagen and General MotorsBloomberg - 323 words
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276 2003-11-25 11 AUSTIN, Texas NYT AT the business world's equivalent of the Academy Awards, Whole Foods Markets Inc founder John Mackey, 50, walked away the big winner. Mr Mackey was named Entrepreneur of the Year, becoming only the second Austinite to win the national honour. TheNYT - 276 words
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224 2003-11-25 11 NEW YORK Reuters A TEAM of Goldman Sachs Group executives has considered eliminating the Wall Street firm's research department and forming a separate company to serve as a research clearing house, The New York Times reported on Sunday. To respond to claims of taintedReuters - 224 words
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Article, Illustration565 2003-11-25 11 NEW YORK Warner Music deal lets him return to his pet business NYT, Reuters FOR the last three years, Edgar Bronfman has lived in the shadow of a monumentally bad decision. He sold his family's Seagram liquor empire for shares of Vivendi, a French utility-turned-media company,NYT,; Reuters; AFP FILE PHOTO - 565 words
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289 2003-11-25 11 Reuters [FRANKFURT] German bank stocks posted strong gains yesterday on takeover speculation after Der Spiegel magazine reported that the country's finance minister had urged banks to merge to avoid being taken over by non-German bidders. Banking sources told Reuters over the weekend that Germany's topReuters - 289 words
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WORLD Watch
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Article104 2003-11-25 11 Reuters [MELBOURNE] Telstra Corp Ltd, Australia's biggest phone company, said yesterday it would buy back All billion (511.2 million) worth of its shares at AJ4.20 each, a 14 per cent discount to its closing share price on Friday. There was strong demand for the off-marketReuters - 104 words
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81 2003-11-25 11 Reuters ISfcUULj soutn Korean prosecutors raiaea yesteraay Samsung Electro-Mechanics Co, widening a probe into a political funding scandal that had already enveloped the second-largest conglomerate, LG Group. Prosecutors are investigating links between the country's family-run conglomerates and politicians and bureaucrats during last December's presidentialReuters - 81 words
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69 2003-11-25 11 Bloomberg [NEW YORK] Carlyle Group Inc, a Washington-based private equity firm, said it isn't in talks to buy part of Hollinger International Inc, publisher of London's Daily Telegraph, denying a report in UK newspaper The Observer. The Observer reported that Carlyle, which employs former UKBloomberg - 69 words
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81 2003-11-25 11 Bloomberg [EDINBURGH] UK fund management companies are the least profitable in Europe as competition depresses fees, according to consulting firm McKinsey Co. British fund companies last year posted operating profit of £300,000 (Ssl .4 million) for every £1 billion of assets they oversaw, NewBloomberg - 81 words
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113 2003-11-25 11 Reuters [PARIS] Canadian aluminium maker Alcan was unlikely to hit its target of nabbing 95 per cent of French rival Pechiney when its takeover offer closed yesterday and may extend the offer period, sources close to the deal said. Alcan is likely to fallReuters - 113 words
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Article122 2003-11-25 11 AP [CHICAGO] Boeing Co fired its chief financial officer Mike Sears for negotiating the hiring of a missile defence expert while she worked for the US government and was in a position to influence Boeing contracts, the company said yesterday. The former Air Force official,AP - 122 words
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WORLD news
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Article, Illustration820 2003-11-25 12 WASHINGTON But productivity rise and slow growth in jobs may create re-election problems for Bush AP THE US economy, primed by tax cuts and low interest rates, should grow next year at the fastest pace in two decades, top economic forecasters predicted yesterday.AP - 820 words
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272 2003-11-25 13 LOSANGELES He created first successful all-purpose card that gave instant personal credit LAT-WP JP WILLIAMS, who spearheaded the creation of BankAmericard the first successful all-purpose credit card that provided both convenience and instant personal credit has died. He was 88. Mr WilliamsLAT-WP - 272 words
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Article, Illustration556 2003-11-25 13 SEOUL Stocks, currency tumble over fears of card defaults derailing economy Bloomberg, Reuters SOUTH Korean markets fell after the two trillion won (552.9 billion) bailout of LG Card Co revived concern that the banking system and an economic recovery mayBloomberg,; Reuters; REUTERS - 556 words
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Article618 2003-11-25 13 BONDS WARRANTS Td Last VaJ Com Ejmt 12c Gear *35 CXi Cwpf Ml rm Wh Ma It U> 3698 AST1W*****1 21 unch 82 1 16 4 1.69 7 3697 Acma Ltd VW***** 1 -0.5 500 1 SO 467 9 00 12 3602 Amtek W*****0 116 1 33 1.28 19 3603618 words
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Article, Illustration1062 2003-11-25 13 Transaction date: Nov 24 DTBRRAME CROSS RATES AS C$ >■> fan MKS Mb h»Mi Tan Wen 8M W2S Nlte N» S$ to6 Sfr IS «*t N— MS Aostraia 0.943 6.010 0509 5.622 ***** 61.553 0.789 8.709 2.752 U29 4L4M ***** L247 4.725 0.942 ***** ***** 0.425 1724 Cmd 10(01,062 words
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Page 13 Miscellaneous
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Miscellaneous283 2003-11-25 13 CRYPTIC CROSSWORD 1 What percussionists do to 7 Hopes to find articulate Indian worshippers (5) 111 BB I i I i I I i 8 George, Paul, Otto and I are ■M~ devastated (9) 10 Regret transporting English 10 I I I I I I j j money by train283 words
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CHARGE OF THE CARDS
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Article, Illustration735 2003-11-25 14 KENNETH LIM - Do you really need another piece of plastic, asks KENNETH LIM. Rising bad credit card debts and rollover balances show consumers need to learn how to assess their credit budgets KENNETH LIM AS banks in Singapore battle it out for a bigger slice of the creditSource: MAS - 735 words
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Article, Illustration653 2003-11-25 14 ANDREA TAN - Don't let the freebies distract you. Know exactly what the deal is before signing on the dotted line. ANDREA TAN reports ANDREA TAN YOU walk down Orchard Road and a credit card spruiker dangles the chance to win that dream Ferrari, free spa treatments653 words
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Article, Illustration625 2003-11-25 14 Andrea Tan - By Andrea Tan GET invited to sale previews, skip the long queues at Embargo or Velvet Underground, learn how to scuba dive. These days your credit card does more than just pay your bills. "Increasingly, credit cards are no longer625 words
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Article, Illustration1051 2003-11-25 15 Overwhelmed by the flood of credit cards on the market? They come in all shapes, colours and sizes, but what lies behind the snazzy offerings? Here's a snapshot of various issuers and what they themselves say about their latest and hottest. TEXT COMPILED BY TAILA KRISHNAKUMAR. DESIGN BY1,051 words
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Article, Illustration865 2003-11-25 16 SIOW LI SEN - Rising bad debts and market saturation mean lower fee and interest income for credit card banks. SIOW LI SEN looks at how the players are coping SIOW LI SEN THE credit card business has never been tougher despite potential higher spending by card-members, as fierce rivalry has resulted865 words
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Article, Illustration637 2003-11-25 16 TAILA KRISHNAKUMAR - The high-end card: back in black —or on the rack? TAILA KRISHNAKUMAR finds out if the exclusivity of the 'ultimate colour' in credit cards is fast eroding TAILA KRISHNAKUMAR TWO years ago, a young working professional in Singapore signed up for the Citigroup Clear, a black, translucent card that to637 words
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SHIPPING TIMES
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Article249 2003-11-25 17 Reuters THE Baltic Dry Index rose 68 points to 4144, the Baltic Capesize Index rose 91 points to 5986, the Baltic Panamax Index rose 104 points to 4060 and the Baltic Handymax Index rose 102 points to *****. 1U&GBAS1BR: Aigion (built 2004) *****0 dwt delivery ex yard SamhoReuters - 249 words
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Article267 2003-11-25 17 SGX '000 W.24 St W- W CH Offchore -033 unch 959 Chuan Hup 0.45 jidi 4323 Cosco IrwMnant A53 -0.02 1732 CWTDWribubon .0.56 unch 0 EzraHkte -0J5 -0.05 747 Ftetfiturifcs 009 0.01 199 G8 Holdings 0*4 unch 0 0.77 0.01 1700 (cTCenlureT: 0.22 -0-01 1413 KnpelCorp A40 010267 words
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Article, Illustration575 2003-11-25 17 Evelyn Duffy - Business, onions will work hand-in-hand instead of clashing, conference told From Evelyn Duffy in Perth AUSTRALIAN shipowners anticipate that changing social attitudes in their country will spurn a radically evolved industrial climate whereby unions and business form partnerships and abandon old fashioned adversarialFILE PHOTO - 575 words
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Article, Illustration84 2003-11-25 17 [SINGAPORE] Xiamen Port's two millionth TEUfor 2003 was loaded onto Cosco's Chuan He container ship at Hutchison Port Holdings' (HPH) Xiamen International Container Terminals (XICT) recently. XICT is the only deepwater port in the Xiamen Special Economic Zone in the Fujian province, and is capable of handling post-panamax84 words
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401 2003-11-25 17 Donald Urquhart - They fear monopoly will result if a line wins JNP tender By Donald Urquhart [SINGAPORE] Monopoly concerns have intensified the bidding battle for the 9 billion rupee (*****.5 million) third container terminal project at India's Jawaharlal Nehru Port (JNP) as shippers401 words
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292 2003-11-25 17 Reuters [BANGKOK] Thailand's largest shipping company. Precious Shipping, expects core revenue this year to jump at least 30 per cent as freight rates rise on higher demand. "Revenue from shipping should grow at least 30 per cent this year because the freight rates nowReuters - 292 words
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TERROR threat
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Article, Illustration655 2003-11-25 18 Majority of world commercial fleet has yet to implement security measures to meet IMO's July deadline AFP [OSLO] THE world's shipping industry has taken on board the vulnerability of its fleets to possible terrorist attack, but concrete measures to protect commercial vesselsAFP; MINDEF - 655 words
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SHIPS IN PORT
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Article484 2003-11-25 23 »mm1 Vof Wo Bert* Arrival OtpofturtJURONG PORT/MULTI PURPOSE TERMINAL BESTPE5CADO 6 J5 A/SIDE 24/*****0 OAXIN 004 JIB/19 A/SIDE 24/11 0300 DEL CARTIER 346E JIG/17 A/SIDE 24/11 0400 KEN TEN UC153 J22 A/SIDE 24/11 2300 M CHIANGMAi 19 J9 A/SIDE 24/*****0 MARCOPOLO 24 05AD3J J13 A/SIDE 24/11 0630 SHANNON484 words
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Article131 2003-11-25 23 Nov 25 Singapore: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Dec 5 Thailand: King's Birthday. Dee 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 25 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas Day.131 words
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Article452 2003-11-25 23 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 average siied stem Market movements are indi cated The Cockett Bunker Price Index change452 words
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Article46 2003-11-25 23 TM»rmmi>—« Miaplliaa Iraai tMr mi« MaM (Ml whMt aMMks aMdili aaM MtpMMf*. My feaakar parti haw haaa araaaa* la faajrapMcai n#«tar travfty. Cwapatnafeat Far aataM ManaaMaa aa cwraat tmt aaaMy cal BWV PatrHaaai knlM. TlkdMt om-39T-MM. TataK *MSM DMV UM. Faa: Om-SST-«m.46 words
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AIR & LAND transport
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Article, Illustration546 2003-11-25 24 Tourism, addition of long-had routes seen boosting bottom line Reuters [HONG KONG] Dubai's Emirates airline said it expects earnings to grow more than 50 per cent in the second half of the year on tourism to the tax-free shopping haven and the additionReuters; FILE PHOTO - 546 words
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169 2003-11-25 24 Bloomberg [TAIPEI] China Airlines, Taiwan's largest carrier, said it will sell NT$lO billion (*****.84 million) of bonds convertible into its shares in Taiwan to pay for its aircraft purchases and reduce loans. The company's board approved the sale of the fiveyear zero-couponBloomberg - 169 words
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176 2003-11-25 24 Bloomberg [SEOUL] Korean Air, Asia's fifth-largest carrier, said it will offer flights to 29 more US destinations from next Monday by expanding a ticketing agreement with Delta Air Lines. The destinations include West Palm Beach, Seattle and Buffalo, Korean Air said in an e-mailedBloomberg - 176 words
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Article, Illustration88 2003-11-25 24 [NEW YORK] Passengers leave a New Jersey PATH commuter train after it arrived at the temporary World Trade Center train station linking lower Manhattan and New Jersey in New York. The station has undergone a USss66million restoration programme after being destroyed in the Sept 11,2001 attacks onREUTERS - 88 words
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LOG Book
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Article93 2003-11-25 24 AFP [TOKYO] An Alitalia cargo plane made an emergency landing at Kansai International airport in western Japan shortly after takeoff due to engine trouble but the three crew members were not injured, an airport official said. The plane, a Boeing 747, left the Kansai airportAFP - 93 words
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Article100 2003-11-25 24 Reuters [DUBAI] Dubai's Emirates airline said it has signed a 12.1 billion Japanese yen (*****.18 million) operating lease for an Airbus A 340-500 long-range plane. The airline said that the financing, which is over a 12-year term, was arranged and funded by HSBC and combinedReuters - 100 words
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Article, Illustration576 2003-11-25 24 Passengers may have to report early to avoid long lines LAT-WP [LOS ANGELES] With the busy holiday travel season set to start this week, city officials and airlines worry that a shortage of federal security screeners at Los Angeles InternationalLAT-WP; AFP - 576 words
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Article395 2003-11-25 24 MILNE cooes M Amtncm Arrtnes (AAL) Af At Ftmce (AfR). At At inda (AC). AY Ftont Of (RN) AZ AM*u Anns (AZA) BA BrUsti Atmys PMc Ut Co tBAW) BG Aitns (BBC) Bl Roy* Brunei Artns Sdn Bhd (RBA) BO Bomt Attns (BOU) BR EVA Atmys395 words
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Page 17 Advertisements
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Advertisement409 2003-11-25 17 PEOPLE AP Moller-Maersk A/5 has named Michael Pram Rasmussen as Its new board chairman from Dec 15, with the retirement of Maersk Mc-Kinney MoHer Mr Moller will remain chairman of The AP MoHer and Chastine Mc-Klnney MoHer Foundation, chairman of Odense Steel Shipyard, and will remain as member of a409 words
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Page 18 Advertisements
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Advertisement644 2003-11-25 18 IMPORT NORTH AMERICA |j~~|| AUSTRALIA/NEW ZEALAND I Bml IL£ fcXFW MHWQ liimmiu I***l VKSa VOT LGO SM W6 I PftO NBNIOTD SOUTHAMPTON 37W4S 12/11 10/11 07/11 -555 5L_ OOQOfIU 46W44 19/11 07/11 00/12 mm m ~/n ~/n W/,J HO NH&I.OTD STUYVtSAMT 20W47 20/11 14/12 10/12 m,VOilr m M/ ,4/ M/644 words
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Advertisement464 2003-11-25 18 lines services represented by Members of it* Registry of cjfcSMk/ Accredited Shipping Agents, XoimJZ Srtgapore Shipping Association Members of #ie Singapore logistics Assoc tahon gjj LILY LINE MALE VOT Ett ETA EM p. HANG SPOtf hi Mold Comer 743 A 09/12 07/12 16/12 Princes* Lily 1103 12/12 U/12 23/12 Mold464 words
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Page 19 Advertisements
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Advertisement963 2003-11-25 19 TO USA (SAX SKYKE) vtssti vot «m m oa m won ow cot mm «i !j?c_ apiwgumd \m 03/12 i»/ii n/n m/h b/» m/h 23/i2__2*zi2__2*/i2_ API CAMAOA lltt 10/12 as/12 20/12 20/12 10/12 20/11 20/12 01/01 APISCQIIAMP 1221 17/12 01/01 05/01 04/01 00/01 00/01 13/01 !*Zi! !*/•>_ apiohcium ~TwT 24/12963 words
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Advertisement927 2003-11-25 19 GENERAL AGENTS H SNGAPORE 80 ROBINSON RD 812-00 SALES BKGS TEL 6420 5857/43 FAX *****321/24 COSTAR SHIPPING PTE LTD SINGAPORE *****6 OUTWARD (B/l) *****802 *****325/75 CR NO **********0 M TH-*****900 (MAIN) INWARD *****786 *****319/49 T/SmPDB" 6420 SB2S *****316/46 JOHOfrSOmC£ CONVENTIONAL 6420 5850 *****206 COSTAfi AGEWQES (M) SDN BHD TB. 07-353927 words
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Advertisement405 2003-11-25 19 rasa m sw re SATURN 3?3K I 25/*****/11 I 21/11 I 02/11 I 04/12 104/121 MEN DYNAMIC MIA 27/11 20/11 HOWS ***** I 02/1? 15/1? 05/12 01/12 13/1? 13/12 WUHWDGf 042 A 04/1? 04/1? PXAQOIU ***** h/12 110/12 113/12 14/12 20/12 20/121|MOWM 04IA 11/12 13/12 •(*»«-■*6— *VSI cA; bo* Hot*405 words
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Page 20 Advertisements
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Advertisement438 2003-11-25 20 f\E|l Ail AO lau—motmmamnam**fax. natiAxt e-kul: dim—dim«..co«.— UCLIVIAO DOCUMKMTATWNSramATIONS: 633MU7 MX: U3M177 MumommmWm mi<mmmm*aiomsitma+emm rasa wT SWMWK 1 rgrmAjic il uiuwiJ mui mm co—nr 31IW Ml Ml 17/1? W/H W) I HtwfcCwHwt. T 30SW M/ 17 OMI H/l? 05/01 IV»I ,'Ol WtmkHimz 3<7W IS/l? Ml 31/12 12/01 M\ IVOI HMiiUtoy438 words
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Advertisement53 2003-11-25 20 Bvtssa MO HQ. gw [MAli OO MMALfIivESTAH I 543 A I Wll ~2Vvi~M 743 I 17/12 I JpßiictSS ULY I IH3 I 12/12 I IVI2 I 23/121 -B MIII M SCHEDULED SAILINGS TO COLOMBO TIMBER. BREAKBULK ft PROJECT CARGO HvSToccaptK^^C^teXr^^reaßul^^l praMctcarao^^AMi^EPO^AALMVl^H H Seewwd Stifltaj Afwdw he Ui H W *****STFfm:53 words
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Advertisement603 2003-11-25 20 WXWANHAI LINES V Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: 1 NHAVA SHEVA 1 CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY For more details, call HOTUNE: 6226 1588/ 1800-*****00 d i —m NOJTTRANS SHIPPING AGENCIES A/ (J KT H A W 29 Inf603 words
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Advertisement442 2003-11-25 20 BSA ik. MYANMA ■H FIVE STAR UNE (Mpw Notioool Um) L*o4m| for YOO9M VBSH VOT SM PU KM rcu PAGAN n m a# HPA-AN 307W SU IN HAIATSIA: OOUSTtAD SHIPPING AGCNCK 5 lUL 03-*****)00 KL 03-117A4101 PBfc 04-*****02 ACCEPTIM COiVEiTIOiAI 00 VBSB VOT NIG SM PGO PU lIK TVMB WU.THT442 words
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Page 21 Advertisements
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Advertisement1213 2003-11-25 21 mKUXM IVKSSCL VOY KHH I HKO I SIN PKi I DXI I l*» P*"* —< KAN SATTARJ pa SO 12 SKIP SWP 23/11 24/12 04/12 OS/12 11/12 13/12 CAM FRIO PCI 8013 SKIP SKIP 30/11 29/11 09/12 10/12 16/12 U/12 KAN LORfSTAN Pa »014 SKIP MOP 14/12 13/12 23/12 24/121,213 words
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Advertisement596 2003-11-25 21 i RffTvl k UK CONTINENT SERVICE Loadngter GOKCAN RTM/ATW/BMN/UK/NAN KALMA RTM/ATW/BMN/UK/NAN Loads Singaporß, E7W Malaysia. Udorwi MIDDLE-EAST SERVICE Loading tor J FRIEND DBI/ABU/DOH/BRN/DMM/KWT RAVENA DBI/ABU/DOH/BRN/DMM/KWT J SAFE A DM/HDD/JDH toads Sngapote, E7W Malaysia, Indonesia USA SERVICE Loading for SEABEE CAM/NFK/SAV/NOL •Load* E/W. Malaysia. Indonesia F.E./S.E.A. SERVICES S pore Loading tor596 words
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Advertisement689 2003-11-25 21 rasa m a eh jbsb m an «t pacomma !MSB J4ZU 24/11 _EA£JMUI £1421 27/11 it/n PAtIAIMA 10MN 2S/11 2S/11 MMUUkI MZ2 H/ll 12/12 NCI— !MDi *ZU 27/n nf MM Elta M/ 12 SB 1 27/11 a/Tl AIAOIATA2 M 73 __Q7/» gflj mriMtfl inn 2S/JJ 30/ ii m^mrrrmrnTfvrmt^^ PAtIAMM KWOW689 words
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Page 22 Advertisements
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Advertisement35 2003-11-25 22 Here Comes A New v SUVA, LAUTOKE' Check it out on Pag?3^Shjpp_ing fimes-—^ A New Weekly Express Service to NHAVA SHEVA, India has just been inaugurated. f Turn to Page 4 for more details.V—- J35 words
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Page 23 Miscellaneous
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Miscellaneous122 2003-11-25 23 255&555E5EE55^'' 1 FOR 7AM 25 Nov 2003 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 One half fleche represents 5 knots Cloudy Day One full fleche represents 10 knots ix Hazy A -One solid triangle122 words
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