The Business Times, 11 December 2003

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Total Pages: 24
1 24 The Business Times
  • 13 1 THE BUSINESS TIMES MIT A fP) 024/03/2003 Internet SINGAPORE THURSDAY, DECEMBER 11, 2003
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  • 580 1  -  BT exclusive Thanks to FTA, Singapore is likely to remain Japan's largest Asian investor By Chuang Peck Ming [SINGAPORE] One year after the Japan-Singapore free trade pact came into effect, more investors from Singapore are keen to break into the difficult Japanese
    580 words
  • 787 1  -  Analysts fear casualties would include SIA's share price By Ven Sreenivasan [SINGAPORE] Will Singapore Airlines and Silkair face additional competition from Tiger Airways? That was one of the possibilities raised by analysts as they digested the news that the Singapore flag-carrier had tied up
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  • 68 1 STI 1,711.15 (-0.21) ST INDEX FUTURES 1,720.00 (-1.00) SIMSCI FUTURES 210.40 (-0.40) Wednesday Change KLSECOMP ***** +«04 NIKKEI 225 A9I0.56 213.72 HANG SENG 1 t-W:W *4.74 SENNDEX _dused JAKARTA (IMP JNM 1.50 MANILACOMP „1,***** -5.75 TAIPEIWPI .5,803.42 56.14 SEOI'LCOMP 7941>4 +759 SHENZHEN B 270.16 41.13 AI'STALL OR!) 3.212.90 -6.6(1
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  • 82 1 FOREX RATES US* S$ rss (ss pw rss) i.7u X(1 SS/SS per V!) 1 739 29*1 ElRO(l'S$/S$/K) 1.217 2MB TBI 108.5 63.3U RM 3.8U0 1215 HKS 7.764 4.526 BAHT 3981 23.21 RI'PIAH 8,492 4.950 RKNMINBI 8.299 4838 INDIAN RI PKK 45.55 26.56 AS 1356 0790 NZS 1.546 0901 PRIME
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  • 580 1 Virgin in talks with potential partners, including AirAsia Bloomberg [SYDNEY] Richard Branson, who turned a Aslo million (5512.6 million) investment in Australia's Virgin Blue into a discount airline valued at As2.B billion, says he is in contact with Asian partners to replicate the carrier's
    Bloomberg; AP  -  580 words
  • 759 1  -  It says it'll hold rates low for a considerable period From Andrew Marks in New York THE US economy may have regained its footing, corporate profits are strong, growth rates are soaring and even jobs are being created, but the
    759 words
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  • NEXT page
    • 743 2  -  Fernandes not certain Tiger will be allowed to fly to Malaysia From Eddie Toh in Kuala Lumpur TONY Fernandes, the captain of successful Malaysian budget carrier Air Asia, has shrugged off Singapore Airlines' (SLA) plans to set up a no-frills airline next year with the
      743 words
    • 518 2 Demand, cost cuts to sustain earnings growth; survey Bloomberg [WASHINGTON] The US economy next year may grow by 4.4 per cent, the fastest since 1999, as job creation and income gains underpin consumer spending and as companies invest in equipment and software, a
      Bloomberg  -  518 words
    • 435 2 It's likely to form alliance for possible bid, report says Bloomberg [SINGAPORE] Singapore investment agency Temasek Holdings is looking at LG Card Co, South Korea's largest credit card company, among other investment opportunities as it bids to expand in Asia. The Chosun Ilbo
      Bloomberg  -  435 words
    • ON THE grapevine
      • 116 2 IT may be battling bankruptcy, but cash strapped Air Canada has still found a novel way to reward staff who scored high on customer service and who missed out on bonuses earlier in the year C$5 hamburger coupons. According to a Reuters report, about 100 staff
        116 words
      • 144 2 THE low-cost airline phenomenon has sprouted more than a few cutesy—or silly sounding names, depending on your taste. TTie trend has prompted respected Industry analyst Peter Harbison, head of the Sydney-based consultancy Centre tor Asia Pacific Aviation, to meet the carriers head on by starting a
        144 words
      • 103 2 STILL on low-co*t carriers. Singapore Airlines' new start-up Tiger Airways and Malaysia's Air Asia seem to be counting on Irish know-how to woo budget-conscious passengers. The two have in fact been luring senior executives of Ireland's Ryanair. the pace-setter in the no-frills business. Informed sources say
        103 words
  • Page 2 Advertisements
    • 198 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:+6s 6535 3382 F:+6s 6535 3991 EsingaporeGocra.com.sg 24 Raffles Place,
      198 words

  • SINGAPORE companies
    • 781 3  -  HOCK lock siew r sivanithy IT WOULD be tempting to say that with nine research firms lined up to participate in the SGX-MAS Research Scheme, the plan by the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) to provide independent investment
      NOEL ROSALES 'ST  -  781 words
    • 672 3  -  MAS hopes move will help develop new asset class to add depth to market By Siow Li Sen THE government has decided to regulate business trusts (BTs) to help develop them into another asset class that will add depth to Singapore's capital markets. Utility
      672 words
    • 299 4  -  By Andrea Tan CAPITAMALL Trust's public ATM issue of 23 million new units were snapped up 2 Vi hours after the opening of the offer at noon yesterday. CMT issued 45 million new units at $1.33 each to fund its purchase of a
      299 words
    • 405 4  -  To be priced at 15% of share price with strike price at 90%, says news report By Serena Ng DBS Bank is expected to soon unveil a call warrants issue for Singapore Telecommunications' stock, just days after it successfully completed a similar warrant issue
      Source: Reuters  -  405 words
    • 440 4  -  By Kenneth Lim DIE-CAST replica collectibles maker Creative Media launched its initial public offering yesterday to a crowd of about 200 people, and several institutional investors are already hoping to hop on the ride. Creative Media, which specialises in scale models of vehicles,
      440 words
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    • 151 3 i I l——^-^aism I «R I 11. A I —Wm m It's what ÜBS Wealth Management is all about. We listen. And engage you in an ongoing dialog to gain a full picture of your entire wealth situation. The facts, yes. And also your feelings. Your concerns. It's an approach
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  • Page 4 Advertisements
    • 1219 4 xmrnsaiimr Ift i iIH-ffli ifII SINGAPORE'S POWER BREAKFAST J Get a head start on the vJ IjJ l\l rest of the world, I RESTAURANT BAR jfjj JQ ft S (ylg Town Restaurant at f I The Fullerton Singapore. 1 1 ,y Town's unique breakfast creations and 'power juices' boost your
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    • 134 4 This announcement appears as a matter of record only December 2003 I ASIAENV ASIA ENVIRONMENT HOLDINGS LTD (Incorporated m the Republic of Singapore on 2 June 2000) Invitation in respect of 68,000,000 New Shares of 550.05 each, comprising:(1) 6,800,000 Offer Shares at 550.235 for each Offer Share by way of
      134 words

  • SINGAPORE companies
    • 361 5  -  Econ Corp badly hit by opposition to proposed creditors plan: parent firm By Kenneth Lim MAINBOARD-LISTED Econ International said its debt-laden subsidiary, Econ Corp, had little choice but to seek liquidation because opposition to a proposed scheme of arrangement had badly affected business conditions.
      FILE PHOTO  -  361 words
    • 257 5 MAINBOARD-LISTED Beauty China Holdings Limited, which continued to see active trades on the bourse even after its listing three weeks ago, delivered what its investors expected a 32.5 per cent surge in earnings for the first nine months of this year. In a statement yesterday.
      257 words
    • 266 5  -  By Tang Weng Fai GLOBAL Crossing's emergence from bankruptcy with an improved cost structure has put it in good stead to seek fresh funds, if needed, on its own. The new capital structure came about following ST Telemedia's investment of US$25O
      266 words
    • COMPANY Briefs
      • 74 5 SESDAQ-LISTED restaurateur Apex-Pal Intranational has opened the first branch of its flagship Sakae Sushi chain in China. The 134-sq-m restaurant can seat 100 patrons and stands on Wang Fu Jing Dajie in the Sun Dong An Plaza, a commercial street near tourist spots like Tiananmen
        74 words
      • 71 5 JACKSPEED Corporation said its new contracts with Borneo Motors and General Motors are expected to increase earnings per share by about 0.19 cents for the current financial year. The mainboard-listed automotive leather trimming specialist said earlier this week it will supply 2,900 sets of
        71 words
      • 86 5 MAINBOARD-LISTED China Aviation Oil (CAO) has invited tenders on procuring 461,000 tonnes of jet fuel to be delivered in the first three months 0f2004. Together with previously contracted purchases for the same quarter, expected volume excluding prompt-spot cargoes total 551,000 tonnes, a 58 per cent increase
        86 words
      • 83 5 PARKWAY Holdings has extended the deadline for its planned divestment of Lee Hing Development to the end of January. Parkway said Lee Hing, which was supposed to repurchase Parkway's stake, had asked for the extension because it needed more time to prepare the circulars
        83 words
      • 63 5 CHINA-BASED water treatment specialist Asia Environment Holdings makes its debut on the main board today, with Tommy Goh's 2G Capital and ING Investment Management Asia Pacific as substantial recipients of the company's 68 million invitation shares. Asia Environment's invitation was subscribed 17.8 times in total,
        63 words
      • 79 5 TWO directors and major shareholders of Accord Customer Care Solutions (ACCS), non-executive chairman Henry Tan and non-executive director Ronnie Poh, have applied for 5.3 per cent of the 22.5 million new shares offered by Sesdaq aspirant Metal Component Engineering (MCE) through a private investment
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    • 297 5 SAMSUNG DIGITVwD everyone's Invited* Vv| i i i i i/\ j m I I ft ■""""CCT^UMB Jv H \i im\u k\ I k «i I■IM J If L i w vr \*Wk> MIBIIPi3 J kf fci M_ /JL JL i Ji A Ijlh r W% i4l 11 i g I
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  • SINGAPORE markets
    • Article, Illustration
      604 6  -  Compiled by VEN SREENIVASAN TPV Tech Dm 10 doriac 90 emits THE 27 per cent jump in net profit to $17.3 million was above expectations, driven largely by volume growth as TPV continued to gain market share via its competitive pricing strategy. Global market share (including Beijing associate
      Source: Bloomberg  -  604 words
    • 305 6  - Kim En g's true value not fully factored in yet HOT STOCK WARRANT By Ven Sreenivasan SINGAPORE-based Kim Eng Holdings has been in the news recently. Earlier this month, the company listed its Thai subsidiary, raising some $49 million and raking in an estimated $45 million profit in the process.
      Source: Bloomberg  -  305 words
    • 527 6  -  BT comment STOCKS r. sivanithy IT'S not often that trading in the stock market follows an utterly predictable pattern but that's exactly what punters got yesterday a meandering, lazy session which had little to distinguish it from the dozen or so which preceded it, but
      Source: Bloomberg  -  527 words
    • 622 6  -  BT comment CURRENCIES Sadden US$ rise in European trading suggests BOJ action larry wee THE US dollar recovered smartly from its fresh overnight lows against the Japanese yen at the start of European trading yesterday, prompting widespread speculation that the Bank of Japan had at
      Source: Bloomberg  -  622 words
    • TRADES TO WATCH
      • 159 6 TWO directors of Chinese meat producer United Food Holdings yesterday sold a total of 40 million shares, or a 3.6 per cent stake, in the open market. Executive director Wang Wenguang sold 10 million shares at 55.5 cents each, reducing his direct shareholding to
        159 words
      • 81 6 MALAYSIAN tycoon Quek Leng Chan has tightened his grip on Singapore-listed investment company BIL International, following a purchase of 326,000 shares by Asia Fountain Investment Company Limited on Dec 8. The purchase at an average price of 71.45 cents apiece raised Mr Quek's deemed
        81 words
      • 90 6 VENTURE Corp said its executive director Tan Choon Huat on Dec 9 sold 100.000 shares in the open market at $20.29 apiece. His $2 03 million sale came about two months after he exercised options for 250.000 shares at 114.40 each. The sale reduced Mr
        90 words
      • 112 6  -  Compiled by SERENA NG FOOD magnate Sam Goi has again raised his stake in electronics component distributor Serial System. His flagship Tee Yih Jia Food Manufacturing Pte Ltd bought 318.000 shares from the open market on Dec 9 at 27 cents each, raising Mr Goi's
        112 words
    • Article, Illustration
      141 6 OTHER SINGAPORE INDICES Dec 10 VALUE CLOSE BT OB/OS 90.00 -315.00 BTCA« -*****.00 -119.00 BT 10-day MA -*****.00 9.00 AI-SG Equities 461.11 -^51 SG Equities Elect 170.33 -2.18 SG Equities Flu 1442.13 +7.20 SG Equities Prop 427.51 -2.36 MSa Singapore 209.77 -0.19 SMSCIFatwes 210.40 -0.40 (lnh (lettingprkrsare it) tradingcurrencies, but
      141 words

  • BLUE chips
    • 884 7  -  While broking houses are upbeat, investors seem to be sitting tight for now, reports JOYCE KOH JOYCE KOH BROKING houses yesterday greeted positively Singapore Airlines' move to launch its own no-frills carrier, Tiger Airways, by issuing a "buy" call on the carrier. SIA on
      Source: Bloomberg  -  884 words
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    • 85 7 ORIGINAL m I I m /-> f f N C&l46utt& <S ORIGINAL MON JAN II Our two best arguments. X I Original and Glashiitte. GLASHt TTE'/SA J ,N ■k M Since 1145 we have developed mechanical masterpieces in Glaih&tte, CAUM£ w ■L J crafted our manufacture from complicated Jkjg we
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  • EXECUTn/EETTTira
    • 445 8  -  Income stability, economic growth seen driving sales of homes From Diana Oon Abdullah in Kuala Lumpur PROPERTY investors are likely to favour residential projects next year, as expectations of stable employment and low interest rates continue to be supported by strong economic growth, industry
      REUTERS  -  445 words
    • 434 8 Sector has recovered so no need to extend tax cuts: minister AP [BANGKOK] In the latest in a series of measures seeking to cool Thailand's booming economy, a special business tax on the property sector will be hiked back up to
      AP; AFP  -  434 words
    • 268 8 Bloomberg [SEOUL] South Korean household debt last month had its smallest gain in 10 months after the government tightened mortgage lending rules to cool a property boom. Bank lending to households rose 1.6 trillion won (552.3 billion), the Bank of Korea said in a
      Bloomberg  -  268 words
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    • 146 8 1 11 A H Si fk.u l*i Hm biUirut Exquisite Dian Xin Set Lunch Menus At Si Chuan Dou Hua Restaurants You may now enjoy two exquisite dian xin set lunch menus either at Si Chuan Dou Hua Restaurant. Plaza Parkroyal or Top of UOB Plaza. You won't be disappointed
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    • 46 8 Asian A La Carte Buffet Savour the best of Asian cuisine at Captain's Table a la carte buffet special. Try more than 40 varieties of delicious dishes from around the region. Monday to Friday Dinner Weekends Public Holidays: Lunch Dinner $22.80++ per adult; $16++ per child
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  • SINGAPORE news
    • 349 9  -  Manufacturing facility, to open by end-2004, will be largest in S'pore By Chen Huifen ATLANTA-BASED Ciba Vision will be setting up a contact lens manufacturing plant in Singapore before the end of next year, the Economic Development Board (EDB) said yesterday. When opened,
      349 words
    • 453 9  -  EYE ON THE ECONOMY By Chuang Peck Ming ASIAN exporters including Singapore's will have a busy year ahead meeting orders to keep their economies humming at a faster pace of 6.4 per cent, up from 5.9 per cent in 2003, according to
      453 words
    • 326 9 MYOPIA which affects four out of five people in Singapore may be more than just an inconvenience as a study shows its relation to the quality of life. On average, myopic patients are prepared to give up 13 per cent of the rest
      326 words
    • 280 9 Reuters SINGAPORE utility PowerSeraya Ltd has agreed in a tender to buy about one million tonnes of high-sulphur fuel oil (HSFO) from Caltex next year, company officials said yesterday. The city's second largest electricity generator awarded the tender to Caltex Singapore Pte Ltd,
      Reuters  -  280 words
    • 188 9 The Supreme Court yesterday announced that a new registrar, Koh Juat Jong has been appointed to take over from Chiam Boon Keng who retired recently. Mrs Koh's appointment took effect last Saturday. A member of the public sector's Administrative Service and a President's Scholar, Mrs
      188 words
    • 340 9  -  By Andrea Tan SENTOSA Cove yesterday explained why the tender results for 18 bungalow parcels have not been released after several bidders voiced their displeasure. Bids for Sentosa Cove's first sale of 22 sites closed on Dec 3. While provisional results
      340 words
    • 304 9 THE British Chamber of Commerce (BritCham) said yesterday that Senior Minister Lee Kuan Yew will be the guest of honour at a special dinner at the ShangriLa Hotel on Jan 8 as part of the chamber's golden jubilee celebrations. Among other notable events
      304 words
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    • 900 9 The Singapore Society of Financial Analysts is Pleased to Announce that the Following 205 SSFA Members Have Been Awarded the Prestigious Chartered Financial Analyst (CFA®) Designation* Abraham Bobby, CFA Goh Y.C. Albert, CFA Ngo Hwee Leng, CFA Tan L.K. Agnes, CFA All Lajam Ahmad, CFA Gwee T. E. Alton, CFA
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  • EDITORIAL & opinion
    • 766 10  -  THE bottom line OPINION william pesek jr Bloomberg YOU can feel the excitement in the air here in Hong Kong for this year's biggest initial public offering. The source of the get-rich-quick dynamic coursing through the city's veins is China Life Insurance Co's US$3
      Bloomberg  -  766 words
    • 77 10 'With this administration in office, we could be in Iraq for the next 50 years.' -Wesley Clark a US presidential hopeful and retired general, on the Bush administration s strategy in the Middle East. 'Opening my shop daily! It is a dream come true. It is such
      77 words
    • 607 10 EDITORIAL MEW Malaysian Prime Minister Abdullah Ahmad Badawi was a breath of fresh air in Parliament last month. Delivering his maiden speech, he touched on just about everything from clean government to a new business ethos that breaks the nexus between politics and business. Nor
      607 words
    • 1113 10  -  With the White House realising that US strategic interests have changed, Bosh is now talking tough to Taiwan and sweeter to China From Leon Hadar in Washington AFTER George W Bush entered the White House in 2001, the members of the neo-con-servative clique
      REUTERS  -  1,113 words
    • 596 10  -  MAIL bag Stephen Loke President Centre For Corporate Social Responsibility Singapore WE refer to the letter "Case champions CSR" by Seah Seng Choon, Consumers Association of Singapore (Mailbag, Dec 8). It reflected CASE'S affirmative steps to help champion corporate social responsibility (CSR). The Centre For Corporate
      596 words

  • REGIONAL news
    • NOTE Book
      • 83 11 Bloomberg [JAKARTA] PT Telekomunikasi Indonesia will submit an audited 2002 report to the US Securities and Exchange Commission in January, said Herwidayatmo, head of Indonesia's Capital Market Supervisory Agency. "Telkom, and auditors PricewaterhouseCoopers and Deloitte Touche Tohmatsu said Telkom will be able to
        Bloomberg  -  83 words
      • 71 11 Reuters [BEIJING] China's output of everything from cars to mobile phones kept up a thundering pace in the year through November, offering evidence of more strong figures to come from the world's fastest-growing economy. Factories pumped out 17.9 per cent more production in
        Reuters  -  71 words
      • 106 11 Bloomberg [TOKYO] Japanese Prime Minister Junichiro Koizumi said Japan will extend a 100 billion yen (SSI.6 billion) loan to Indonesia, a foreign affairs ministry official said. Mr Koizumi said he would extend the yen-denominated loan when he met Indonesian President Megawati Sukarnoputri yesterday,
        Bloomberg  -  106 words
      • 99 11 AP [MANILA] A coalition of Philippine opposition parties yesterday nominated popular movie star Fernando Poe Jr as its candidate in next year's presidential election. Mr Poe, 64, who has been leading voter surveys, announced last month that he was running against President Gloria Arroyo,
        AP; REUTERS  -  99 words
    • 542 11  -  2-day Japan-Asean summit will also cover security, piracy issues From Anthony Rowley in lokyo NEW official initiatives for developing an Asian bond market will be unveiled during the Japan-Asean commemorative summit which begins today in Tokyo, Japanese Prime Minister Junichiro Koizumi announced
      AFP  -  542 words
    • 305 11 KUALA LUMPUR Cabinet decision based on priority and affordability AFP THE Malaysian government has decided to "postpone indefinitely" a controversial multi-billion dollar rail project, the Edge Daily financial newspaper reported yesterday. The newspaper's online edition quoted unnamed government sources as say- ing that
      AFP  -  305 words
    • 251 11 KUALA LUMPUR Reuters KUMPULAN Guthrie, one of Malaysia's top palm oil growers, has replaced highprofile chief executive Abdul Khalid Ibrahim in a surprise boardroom shake-up, company officials said yesterday. Guthrie, which has large palm oil interests in Indonesia, said Mr Khalid would be succeeded
      Reuters  -  251 words
    • 546 12 HONG KONG Massive response to world's biggest IPO this year sparks babble warning Reuters CHINA Life Insurance, marketing the world's biggest IPO this year at up to US$3 billion, has attracted enough interest from institutional buyers to cover its order book by
      Reuters  -  546 words
    • 327 12 BEIJING Bailout to cut estimated US$500b of bad loans Bloomberg CHINA, which spent US$33 billion five years ago bailing out its four largest banks, said it will inject more money into them within six months to help reduce bad debt it
      Bloomberg  -  327 words
    • 347 12 WASHINGTON Reuters ACKNOWLEDGING China cannot quickly adopt a free-floating exchange rate as the White House had hoped. Bush administration officials are discussing interim steps with Beijing that could make the yuan more flexible and benefit US manufacturers nearterm. After talks on
      Reuters; REUTERS  -  347 words
    • 343 12 BEIJING Reuters CHINA yesterday sentenced a disgraced top banker and one-time protege of former premier Zhu Rongji to 12 years in prison for taking bribes, wrapping up one of the country's top corruption cases. The ruling by the Beijing People's Intermediate Court
      Reuters  -  343 words
  • 53 11 UNIT TRUSTS FUNDS LEGEND Al pnces er* mdicetn* except for Ex Rmggrt Assets, Broetfy Pi Hi lifted. 1 Namjwrty Focused S Lower lbs*.' low to Med**n tak. t MedH«n to High talc Higher tat open-ended; •efore jutodmiion of urate. M After wbdMoon of units «her nodi spfet N>- Mon Dealing
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  • Page 11 Advertisements
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  • Article, Illustration
    1089 12 Transaction date: Dec 10 QfTERBAME CROSS RATES AS CS fc* Ero H*S Indts Yen Ww III IgMh hn SS tend Sir UTS Bafct Rowd IKS Austral* 0.965 6.122 0.606 5.727 33.603 62.630 0.101 1747 2.803 1140 ***** 40.836 1265 4.739 0.939 25.106 ***** &424 0.738 Canada 1036 6344 0.628
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  • Page 12 Advertisements
    • 145 12 2.30pm, daily Adult $l6.Bo+++ FCStIVQ i child $12.80+++ t Buffet Dinnem Weekends Opm, $18.80 Child $lB.Bo++gjjjm 12 to 31 December 2003 at t le Phoenix Garden Cafe, the home of great rod priti. Christmas traditions will not be the same when you celebrate at the Phoenix#: Garden Cafe. Sink, your
      145 words

  • WORLD news
    • 468 13 NEW YORK Oversight board proposes to work with home-country regulators Bloomberg THE US accounting oversight board has proposed coordinating examinations of non-US audit firms with regulators abroad in a compromise over the board's assertion of worldwide authority. The compromise came out of
      Bloomberg  -  468 words
    • 336 13 WASHINGTON French, German and Russian firms barred from bidding ATT. Bloomberg THE Pentagon has barred French, German and Russian companies from competing for US$lB.6 billion in Iraq reconstruction contracts, saying it was acting to protect "the essential security interests of the United
      ATT.; Bloomberg; AFP  -  336 words
    • 184 13 SAN FRANCISCO Reuters DEMAND is so strong for cellphones with cameras and other electronics products that some leading semi-conductor-makers will keep their factories up and running during the year-end holidays, analysts said on Tuesday. This is in contrast to recent years and
      Reuters  -  184 words
    • WORLD Watch
      • 100 13 Reuters GERMANY'S trade surplus with the rest of the world narrowed by more than expected in October, as the value of goods exported outside the European Union dropped by 8.5 per cent. The trade surplus shrank to 10.8 billion euros (5522.55 billion), from 11.5 billion
        Reuters  -  100 words
      • 83 13 Reuters JAPAN'S economy is still in a mild deflationary state but there are some signs of change. Prime Minister Junichiro Koizumi's top economic advisory panel said yesterday. In an updated report on its outlook for the year ending next March, the Council on Economic and Fiscal
        Reuters  -  83 words
      • 125 13 Reuters US mortgage delinquencies during the last quarter declined the most in more than a decade in the latest sign the economy is on the mend. The Mortgage Bankers Association said on Tuesday that the percentage of outstanding mortgages that were delinquent fell to 4.28 per
        Reuters  -  125 words
    • 311 15 MUNICH Court roles bank chiefs remarks led to collapse of KirchMedia Bloomberg DEUTSCHE Bank, Germany's biggest bank, is liable to pay damages to businessman Leo Kirch because comments the bank's supervisory board chairman Rolf Breuer made last year contributed to the collapse of his
      Bloomberg  -  311 words
    • 267 15 NEW YORK Reuters. Bloomberg DONALD Fisher will step down as chairman of Gap Inc in May. He will be replaced by his son, Robert. Mr Fisher, 75, will assume the role of founder and chairman emeritus after the May annual shareholders' meeting, the
      Reuters.; Bloomberg  -  267 words
  • 1627 13 SICOM FUTURES Dec 10 RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Votene Open Month High Low Sett (tonnes) Interest Jan 04 217.50 Feb 04 217.50 Mar 04 218.00 Apr/Jun 04 ***** RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Jan 04 \ZUS 125.00 i2675 2400
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  • Page 13 Advertisements
    • 141 13 newspapers online subscription website Wide Selection of publication from Hong Kong, China, UK, USA, Canada etc. )FREE $50 Dining voucher Promotional Period: of your choice* when you For the month of m subscribe online at Deeomber 2003 gor* T wwwMailyfetch.com Vision Corn Distributor Pte Ltd Terms i Conditions Appfy Tel
      141 words

  • 6 14 Transaction date: Dec 10
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  • 5 14 Transaction date: Dec 10
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  • 855 14 Transaction date: Dec 10 Stock aame WW O—» a—9« Stoc* —m 1 Otm Change AMgreen 50c 0.40 1470 -0 010 MatSted 50c 037 2050 *0 010 C»C 0 78 6050 -0100 OOC 888 12.100 <0300 CapitaLand 1-22 1 570 *0020 OUC 0 49 7 000 *0 100 Chart ScmiCond
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  • 630 14 BONDS WARRANTS 14 Cast Vol Com Eur O-r'SE Code Ciwpif t* *ot- —«o Pita hB un 3696 AST1W*****1 24 1 16 -2 1.71 6 3697 Acma Ltd W*****6 1 1 SO 467 900 11 3602 Amtek W*****0 120 1 33 4 123 18 3603 Armstrong W*****0 55 unch 19 1
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  • Page 14 Advertisements

  • 6 15 Transaction date: Dec 10
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  • Page 15 Miscellaneous
    • 268 15 CRYPTIC CROSSWORD 1 501 by Sunday cricketer? 9 Gasses madman engulfed £Jjj| tive argument, initially 13 After Commons' opening, I* I I I I I j I 15 Section between two inspirMosaic displayed film concerning Turner, for 26 Celebrity's out of work, we 27 Bound to succeed in this 1
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  • BizIT
    • 822 16  -  Revenues in key markets cross US$10b in H1, reports Raju Chellam Raju Chellam Following a general uptick in the economic outlook, it is now the turn of infotech services to start their run, both in Singapore and in eight key markets in the Asia-Pacific
      822 words
    • 420 16  -  By Raju Chellam SINGAPORE has been ranked third out of five key economies for its ability to create and protect intellectual property (IP). Out of a possible top score of 10 points, the US ranks first with 6.84 overall points, followed
      420 words
    • 237 16 Reuters [HONG KONG] Hutchison Whampoa Ltd, which has blamed a handset shortage for missing subscriber and breakeven targets for its 3G mobile service in Europe, has scheduled a press conference for Monday on the launch of the service in Hong Kong.
      Reuters  -  237 words
    • 583 16  -  IT comment INFOTECH A company's security is only as good as the people in the IT department amit roy choudhury IN the good old days when everything was less complex, a company's security was as good as the quality of the people manning its security
      583 words
    • 343 16 AFP [GENEVA] A US agency said yesterday on the sidelines of a UN-sponsored summit in Geneva that it would set up a US$4OO million funding facility to help poor nations benefit from information technologies. Peter Watson, chairman, president and chief executive officer of
      AFP  -  343 words
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    • 145 16 3lL_ I 9B» H IS *i Change the toner, keep the drum JL Thoughtful technology that'll be music to your ears |\j If you knew what Kyocera Mita printers could do. you'd be celebrating too. ECOSYS™ Printers With Toner-Only Technology Saves your money Lessens your work Widens your capabilities You
      145 words

  • SHIPPING TIMES
    • 274 17 Reuters The Baltic Dry Index rose 13 points to 4539, the Baltic Capesize Index rose 49 points to 6446, the Baltic Panamax Index fell 30 points to 4395, the Baltic Handymax Index rose 185 points to *****. TIME-CHARTER: China Steel Growth (built 2002) *****0 dwt (ROC Flag) delivery
      Reuters  -  274 words
    • 301 17 SGX 000 Dec 10 SS W- Vol CH Offshore .034 -0.01 166 ChuanHup -OAS -0.01 429 Cosco Investment 0.59 -0.01 2204 CWT Distribution 0.55 unch 0 Ezra Hldgs 088 -0.01 285 Freight Links J>.10 0.01 200 GB Holdings 0.66 -0.01 10 Java Holdings 0 76 -0.01 469 <C1
      301 words
    • 507 17  -  Incident on Dec 1 saw four pirates in a speedboat chasing a supply vessel By: Donald Urquhart [SINGAPORE] A pirate attack turned deadly in the northern Malacca Straits off the war-torn Indonesian province of Aceh last week when a 27-year old Philippine crewman
      507 words
    • 346 17  -  Tsuneishi to invest US$170m on a second slipway From Alec Almazan in Manila THE Philippines largest shipbuilder, Tsuneishi Heavy Industries (Cebu) Inc, reported that it was investing an additional US$170 million for the construction of a second slipway at its Balamban yard in the
      346 words
    • 313 17 MARITIME STOCKS [HONG KONG] Container throughput in Shenzhen's three main terminals is expected to surpass that in Hong Kong's Kwai Chung in 2005 as more shippers in the Pearl River Delta shift to the closer and cheaper Shenzhen ports. The continued container traffic growth in
      FILE PHOTO  -  313 words
    • 367 17  -  By Donald Urquhart [SINGAPORE] Port authorities in Bangladesh are talking tough on the issue of piracy, saying that if it is allowed to continue unchecked the country might become a "major criminal zone" like the Malacca Strait, Indonesia and the Philippines. Bangladesh has the
      367 words
    • Article, Illustration
      94 17 [ALBANY] A life preserver lies on the ice in the Hudson River near the stern of the Dutch ship Stellamare after the vessel overturned at the Port of Albany in Albany, New York, on Tuesday. The Dutch cargo ship tipped over at a 45-degree angle in the frigid
      AP  -  94 words
    • 811 17 Such a strike seen bringing maritime traffic to a halt Reuters [WASHINGTON] Militants ship a nuclear bomb into a United States port and ravage an entire city. More than the plot of a Tom Clancy thriller, it is the ultimate nightmare for
      Reuters  -  811 words
    • 698 18  -  NEWBUILDS By David Hughes OWNERS appear to have been rushing to book ships as the backlog for larger vessels extends into 2006 and 2007. Japanese owners, in particular, have been planning for major retonnaging. One of that country's major owners, Mitsui OSK, is
      698 words
    • 3 18
      3 words
    • 3 22 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 663 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E3284 J3 A/SIDE 11/12 023C COS HERO *****3 J16 A/SIDE 11/12 190< INDAH MULIA JBD01 J11 A/SIDE 11/12 030( PAGAN 323W J7 A/SIDE 11/12 140( PIONEER 119 J6 A/SIDE 11/12 060( WINSTAR 7 10L3W 12 A/SIDE 11/12 043<
        663 words
      • 2 23
        2 words
      • 168 23 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. Brunei: Christmas Day. Canada: Christmas Day. France: Christmas Day. Germany: Christmas Day. Indonesia: Christmas Day. Italy: Christmas Day. Malaysia Christmas
        168 words
      • 163 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        163 words
      • 69 23 Ulf unftttaraMa •""1 -ipt-filtTTf "t *-t i ti-rlrn Hl» w^llim 1 T —HMO r~""f Tf-i| itilnamn, Kay kunfcar wrt» Mwt«w In llwUfcl raptam Hf kcarfty. Ci*»arla«a haa km mad* wrth tIM latamatlanal SaacWcatt— Lttntt* »wMlifta« ky CanaaU Mrtamattanal in Machines A Camkuitton (CIMAC) far aacX aarawwtar
        69 words
    • AIR & LAND transport
      • 413 24 Agency signs 2-year contract extension with air controllers Reuters [WASHINGTON] The Federal Aviation Administration and the union representing air traffic controllers signed a twoyear contract extension on Tuesday that includes reforms to make the agency function more like a business. Both
        Reuters  -  413 words
      • LOG Book
        • 92 24 AFP [MANILA] Terminal fees for domestic flights from Manila airport will double starting next month but charges for international routes will remain unchanged, airport manager Edgardo Manda said yesterday. From Jan 1, passengers flying out of Manila airport to other points in the country will
          AFP  -  92 words
        • 109 24 Bloomberg [NEW DELHI] India has reversed its ban on pickles aboard commercial aircraft, while keeping chilli powder on the list of taboo items, civil aviation minister Rajiv Pratap Rudy said. Mr Rudy was making a statement to Parliament's Upper House in New Delhi, detailing
          Bloomberg  -  109 words
      • 536 24 US$2b package subject to loan guarantee from govt Reuters [CHICAGO] United Airlines, still hoping for a HI 2004 emergence from bankruptcy, is close to lining up about US$2 billion in exit financing commitments from three institutions, sources familiar with the matter said on
        Reuters  -  536 words
      • 442 24 AFP (HANOI) Vietnam Airlines said yesterday it will begin direct daily flights to the United States, its most important trading partner, by the end of 2005 as a result of last week's landmark USVietnam aviation agreement. Pham Ngoc Minh, deputy general
        AFP; FILE PHOTO  -  442 words
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    • 28 17 FAA to ran air traffic control like a business BACKPAGE United dose to exit financing deal: sources BACKPAGE NEWBUILDS Japanese ship owners plan for major retonnaging page 2
      28 words

  • Page 18 Advertisements
    • 676 18 I IMPORT 1 NORTH AMERICA 11 AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) mvrm9nv AUSTRALIA ASIA EXPRESS (AAX) Vissa VOY LGO SM KG I PIO NEDUOYD STUYVISANT 20W47 24/11 14/12 14/12 VOT 51? 5? PtO NIDUOYD HOUTMAN UW4* 03/12 21/12 23/12 P«0 NIDUOYD ADILAIDE 71N (NIT 01/12 03/12 05/12 09/12 14/12
      676 words
    • 489 18 Lines services represented by Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association ULY LINE MALE /visstl VOT HA HA ETA P. KLAMG SPORt MALI Princess Lily 1103 16/12 18/12 27/12 Mold Star 544 A 18/12 20/12 29/12 Kindia 305W 30/12 09/01
      489 words

  • Page 19 Advertisements
    • 1119 19 TO USA (SAX SERVICE) VESSEL VOY SIN ETA LAX OAK DAI HOU CHI COt MEM ATI NYC API SCOTLAND 122E 17/12 01/01 05/01 06/01 06/01 06/01 13/0) 13/01 16/01 16/01 Aft tELGHMR 120E 24/12 08/01 12/01 13/01 13/01 13/01 13/01 13/01 16/01 16/01 API SWEDEN 0121 31/12 15/01 19/01 20/01
      1,119 words
    • 997 19 GENERALAGENTS IN SWGAPORE 80 ROBINSON HO #12-00 SALES BKGS TEL 6420 5857 /43 FAX. $238 5321/24 COSTAR SHIPPING PTE LTD SWGAWRE *****6 OUTWARD (B/L) 6420 5802 6238 5325/75 Cfi NO **********0 M TH. 6226 1900 (MAIN) INWAROffVOI *****786 *****319/49 JQMOR-S OFfirf T/SHIPDEP 6420 5825 6238 5316/46 COSTAfi AGENCIES (M) SDN
      997 words
    • 525 19 jESa voy sm pou hou hug- kyh pus vtssa wy s!n kg satum 324N IWIWW 24/1? a7if a/12 potTH bridgc mu ~Wn 20/12 HOUR 014N 23/12 24/12 27/12 30/12 3/1 3/1 HEW DYNAMIC 050* 25/12 27/12 [PMAQUIU 1314N 30/12 1 31/12 3/12 7/12 11/12 11/12| |POTTM »t)PGE 044 A 1/1
      525 words

  • Page 20 Advertisements
    • 576 20 ®nCI lUI A C ENOUMKS/BOOMNOS: *****344 FAX: ******33 E- MAIL: il«litih>il«liii— i inn »p UCLIYI MO DOCUMEMTATK>NS/OPCI(ATK>NS: *****637 MX: *****177 mums caaniMM ums m<miMkmnaromt MKA+tmm Pmsa I vor smupom poctkhang uhavm pmm i mm cotmunr i woo, 347* I 15/12 t*7T? 04/01 M! 25/0! IVOI 3nw run 23/12 ow 19/01
      576 words
    • 671 20 n P \aß\ WAN HAI LINES Tel: 6226 15S8 Fax: *****163 INTRODUCING:- j NEW WEEKLY EXPRESS SERVICE TO: 1 NHAVA SHEVA CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY For more details, call HOTLINE: 6226 1588 1800-*****00 i u NORTRANS SHIPPING AGENCIES A/ I I H A S
      671 words
    • 556 20 BSfl x MYANMA SH FIVE STAR UNE (MyoMor National Lm«) Loading lor YwfM vissa wr sin pu pen pgu HPA-AN 315W SU> PAGAN 323W 01/12 IN MAUTSIA: lOUSTUO SHIPPING AGENCIES KUL 03-*****300 PfL 03-*****101 PEN: 04-2****** ACCEPTIH6 CONVENTIONAL C6O VESSfI VOY HKG SIN PGU PM KIK PUHCESS SI SID SID
      556 words

  • Page 21 Advertisements
    • 1383 21 VtSStt VOY KHH HKO [SIN PKI DX» BAB PMM UK IRAN KERMAN PCL34O SKIP 06/12 11/12 SKIP 18/12 19/12 2S/12 27/12 IRAN LORESTAN PCLBOI4 SKIP SKIP 19/12 18/12 28/12 29/12 04/01 06/01 IRAN SATTARI PCLBOIS SKIP SKIP 01/01 02/01 11/01 12/01 18/01 20/01 CAPE FRIO PCLBOI6 SKIP SKIP 22/12 21/12
      1,383 words
    • 672 21 UK CONTINENT SERVICE loadng far kalma rtm/atw/bmn/uk/nan ASIRAT RTM/ATW/BMN/UK/NAN Loads Singapore. EVW Matayaia. Indonesta MIDDLE-EAST SERVICE Loading for J FRIEND DBl/ABU/DOH/BRN/DMM/KWT PLAMER DBl/ABU/DO H/BRN/DMM/KWT toads Singapore. EVW. Malaysia. Indonesia USA SERVICE Loading for AVENTICUM CAM/NFK/SAV/NOL NENA F CAM/NFK/SAV/NOL 'Loads EVW Malaysia Indonesia F.E./S.E.A. SERVICES S pore Loading for TBN INC/BSN
      672 words
    • 767 21 an cai -hssb USUMM 109SN 11/11 12/12 HC SUUJ PlOlO lj/lj M/I? '3/12 14/12 MtMUTI 7 MM ?«»**>* no* U/12 15/12 -CiLUlii turn 11/H Mm UfiUi 14Z12 16/12 AIMUATA 2 M 75 21/12 23/12 M MWA LUK2H ***** U/12 »*WA no* 11/12 19/12 Hi IMI '171 PA( lAJ4QA 11 MX
      767 words

  • Page 22 Advertisements
    • 50 22 w/vi i mm UAoi AbiK CZTtW Here Comes A New to Sauth Pacific Islands^SUVA, LAUTOKE (FIjI)BTP]WEEf&(TAHm) v V I Check it out on Page 3,-Shipping Times -Tf|fr A New Weekly Express Service to NHAVA SHEVA, I India has just been inaugurated. /I| Turn to Page 4 for more details.J j
      50 words

  • Page 23 Miscellaneous
    • 116 23 REGIONAL WEATHER -vn«» gCJjr, 1 "CO r1 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 A One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots Hazy A -One solid triangle
      116 words

  • Page 24 Advertisements
    • 162 24 SATS SlAEOVelcom^atarAii^v^ V v f Jvs**5 t:-*»': jja w~- -fe- •><v^%%%jfc:-:/4lPr^ m J^ l v v ,^BMHMfcBB| l I i. Singapore Airport Terminal Services (SATS) and SI A Engineering Company (SIAEC) are proud to be Qatar Airways's service partner at Singapore Changi Airport We are fully committed to delivering the
      162 words