The Business Times, 17 December 2003

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Total Pages: 28
1 28 The Business Times
  • 16 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE 'ntornet: http /Vbjoiness-times.asial .com.sg WEDNESDAY, DECEMBER 17, 2003
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  • 714 1  -  2004 prospects seem better with some expecting 5% rise in prices By Andrea Tan [SINGAPORE] Property developers are not likely to have a good time tallying up this year's sales figures, which are expected to be the lowest in
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  • 680 1  -  It's also slapped with 3-month ban on new mandates By Wong Wei Kong [SINGAPORE] Rapping Hong Leong Finance's (HLF) corporate finance department for mishandling the listing application of FibreChem Technologies and barring it from seeking new IPO mandates for three months, the
    680 words
  • 71 1 ST! 1,729.04 (-14.13) ST INDEX FUTURES 1,728.00 (-21.00) SIMSCI FUTURES 212.50 (-2.20) Tuesdav Change KLSECOMP ***** -5.93 NIKKEI 225 -219.17 HANG SENG _.*****.33 -259.84 SET INDEX 691.88 +2.83 JAKARTA COMP -656.90 -1.61 MANILA COMP .1.399.43 +410 TAIPEI WPI .5.887.23 -37.01 SEOUL COMP 810.79 -11.37 SHENZHEN B ***** +0.53 Al'ST
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  • 77 1 FOREX RATES US$ S$ I SS (SS per CSS) 1.708 £(l'S$/S$ per 1.744 2.979 ELTtO(L'SS/SS/E). 1.232 2.105 YEN 107.8 63.10 RM 3.800 2.225 HKS 7.763 4.546 BAHT 39.65 23.21 RITIAH 8,478 4.964 RENMINBI 8.299 4.859 INDIAN Rl'PEE..... 45.54 26.67 AS 1.345 0.788 NZ$ 1.542 0.903 PRIME RATES SINGAPORE* 5.25
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  • 586 1  -  Move will boost competition, lower business costs: IDA By Raju Chellam [SINGAPORE] In a bid to lower telecom costs for businesses and to boost competition, the industry regulator is requiring Singapore Telecommunications to phase in more competitive wholesale prices for its
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  • Page 1 Advertisements
    • 149 1 I j JHi HW H i 1 Bread Talk spreading the word fast, Pg 3 I EXECUTIVE MONEY PAGE 9 I The Lange Datograph. This unmatched technical masterpiece "Made in Germany" is a new Lange milestone in the realm of superb mechanical watches. Jr (For the first time in the
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    • 15 1 INSIDE COMMENTARY GlC,Temasek —two investment agencies with different objectives Wong Wei Kong, Pg4 8 IU
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  • NEXT page
    • 264 2 Job market should improve with economy growing 3-5% next year [SINGAPORE] Singapore's unemployment rate should ease to around 4 per cent next year, from its current high of 5.9 per cent, as the economy picks up, labour chief Lim Boon Heng
      264 words
    • 397 2 But analysts say such a move would result in the airline cannibalising its own market Bloomberg, AFP, AP [HONG KONG] Cathay Pacific Airways, Asia's sixth-largest carrier, may set up a discount unit to prepare for possible competition from budget carriers based in
      Bloomberg,; AFP,; AP  -  397 words
    • 559 2  -  Seeming change of official view surprises market From Anthony Rowley in Tokyo AS the yen resumed its climb against the dollar yesterday, Bank of Japan (BOJ) governor Toshihiko Fukui surprised financial markets by declaring that the currency's rise might not be
      AFP  -  559 words
    • 116 2 Duck's egg on their faces IN cricket, a batsman who is out without scoring any runs is said to be out for a duck. Australia's newspaper headline writers must now be regretting that they have counted their chickens er, ducks before they're hatched. After the first day
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    • 521 2 LATEST US DATA Meanwhile, prices dip, current account gap shrinks Bloomberg, Reuters [WASHINGTON] US industrial production rose 0.9 per cent in November, the biggest rise in four years, as companies made more computers, appliances and business equipment, the Federal Reserve said
      Bloomberg,; Reuters  -  521 words
  • Page 2 Advertisements
    • 19 2 Wr jjU S BF fl SiW m. wHiHHHH IHI LEMP I C K A seriously elegant, chic and tasteful
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  • Page 3 Advertisements
    • 526 3 THE NEW LS43O. IN OUR QUEST FOR SILENCE, WE HONED THE PRECISION OF ITS 6-SPEED TRANSMISSION TO JUST 4 MICRONS. idflMJB is o registered trodemark of Toyota Motor Corporation. /ue/ efficiency, the courtesy some human hair perceptibly lower strand averages air resistance. Go microns, the precision But apparently even all
      526 words

  • SINGAPORE companies
    • 586 4  -  It has began arbitration over claims for one of two contracts tinder dispute By Serena Ng JURONG Engineering (JEL) yesterday announced a slew of board and management changes, including the appointment of former SMRT CEO Boey Tak Hap as its new chairman, and Chip
      Source: F  -  586 words
    • 624 4  -  HOCK lock siew wong wei kong ARE the lines blurring between the Government of Singapore Investment Corp (GIC) and Singapore investment agency Temasek Holdings? It's a question that's being raised in some quarters, given Temasek's increasingly aggressive stance on overseas acquisitions. Until recently, Temasek
      624 words
    • 564 5  -  It's eyeing 50 stores in China in 3 yeans, almost double its outlets worldwide By Kenneth Lim WITH two franchise deals in Malaysia and the Philippines still fresh from the oven, Bread Talk says it plans to have 50 outlets in China in
      CHRIS LOH  -  564 words
    • COMPANY Briefs
      • 74 5 Bloomberg PETER Seah Lim Huat has been named Bank Internasional Indonesia's president commissioner. Mr Seah, 57, is the chief executive officer of Singapore Technologies, which is owned by Temasek Holdings. 811 also named Henry Ho Hon Cheong president yesterday after the government agreed to
        Bloomberg  -  74 words
      • 69 5 HOMEGROWN plastics specialist Hi-P International yesterday said the 10.25 million share public tranche of its initial public offering was 29 times subscribed. The company had sold a total of205 million new and vendor shares for a ma in board listing at 57 cents per share,
        69 words
      • 78 5 LOGISTICS solution provider Freight Links Express Holdings, which recently completed a placement exercise, reported a $852,000 net profit for its half year ended Oct 31, compared with a $795,000 loss previously. Revenues rose 2.3 per cent to $32.71 million. Earnings per share was 0.15 cent,
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      • 73 5 MANDARIN Oriental International, the hotel arm of Jardine Matheson, has signed an agreement with 19 international banks to extend one of the tranches of its HK$3 billion (S$660 million) dual tranche credit facility. The five-year revolving credit facility amounting to some HK$1.7 billion has been extended
        73 words
      • 118 5 Bloomberg CHINA Aviation Oil (Singapore) Corp, which supplies a third of China's jet fuel, agreed to buy 461,000 tonnes of the fuel for delivery to Chinese ports from January to March to meet increased demand. China Aviation wants the jet fuel delivered to Tianjin, Shanghai
        Bloomberg  -  118 words
    • 328 5  -  By Serena Ng MAINBOARD-LISTED Trek 2000, which has over the past years invested much time and resources into protecting the intellectual property rights of its flagship Thumb Drive data storage products, yesterday said it is embarking on a new licensing business model. The
      328 words
    • 524 8  -  It's first non-US winner of IFR Asia's Loan House of the Year By Siow Li Sen IT has been a bumper year for DBS' investment banking group achieved not just by staying the course especially during the Sars crisis but also, to paraphrase Captain Kirk,
      524 words
    • 508 8  -  By Kalpana Rashiwala CAPITALAND Group's serviced residences arm Ascott yesterday announced it has bagged contracts from the Gulf region's biggest real estate developer, Emaar Properties, to manage two residences with about 250 serviced apartments in Dubai. The two signed a
      508 words
  • Page 4 Advertisements
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    • 275 4 In conjunction with China Trade 6q>osition 2003 Seminar on Doing Business in China "CHINA: THE AWAKENING DRAGON f BUSMESS OPPORTUMTIES AND CHALLENGES Date: 20 December 2003 (Saturday) Time: 2pm to 5.30pm Venue: Suntec City, Level 2 Auditorium Fees: Ssso per person inclusive of seminar materials, tea reception and GST Chairman
      275 words

  • Page 5 Advertisements
    • 34 5 Recruit the one you want for any position you have «I I w 3pf|p jp V s fIT fIR Ml fll Call 1800 289 8822 or email recruit @sph. comsg for your recruitment solutions
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    • 309 5 FARNBOROUGH KNTKRPRISF.S PTE LTD (la Members' Voluntary liquidation! Al an Extraordinary General Meeting of Ham borough Enterprises Pte Ltd held on 10 December 2003. the following special resolutions were duly passed: 1. 'That the Company be wound up voluntarily and that Mr Tan Gim Soo of Messrs G. S. Tan
      309 words
    • 121 5 Hold a business meeting or conference AT TWT" on our ro terrace an d experience the J y/j! J state-of-the-art meeting facilities in the resort-like sanctuary. Just step out and you will be surrounded by breezy palm trees and water features. R 0 Meetings will never be the same again.
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  • SINGAPORE markets
    • Article, Illustration
      464 6  -  Compiled by VEN SREENIVASAN Jurong Technologies Industrial Corp Dae IS cU« $1.12 IN addition to the strong seasonal demand from its major customers, production ramp of new customers is also gaining momentum for JTL. FYO4 will see full contribution from these new customers, which should collectively account for
      Source: Bloomberg  -  464 words
    • 452 6  -  CHART POINT By LIM SAY BOON K AJITH for OCBC Investment Research Pte Ltd "GOT him!" But what does the capture of Saddam Hussein mean for market psychology and outlook? Well, it has turned the 10K resistance into support for the Dow Jones.
      Source: Bloomberg  -  452 words
    • 904 6  -  A longer view CURRENCIES larry wee THE US dollar keeps falling although the US economy is growing much faster than those of Europe and Japan. It has continued to slide despite the fact that Wall Street keeps scoring new highs even
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    • 577 6  -  BT comment STOCKS r. sivanithy A SUSTAINED rally following the capture of former Iraqi dictator Saddam Hussein may prove as elusive as finding Iraq's weapons of mass destruction, judging by yesterday's selling which took all regional markets lower and cancelled out Monday's gains. After Wall Street
      577 words
    • TRADES TO WATCH
      • 100 6 TYCOON Oei Hong Leong has boosted his shareholding in Singapore investment company BIL International to 9 per cent, following open market purchases of 2.84 million shares, or a 0.2 per cent stake, over the past two days. His vehicle Chip Lian Investments acquired 1.11
        100 words
      • 162 6 SIX directors of Inter-Roller Engineering yesterday bought a total of 2.1 million shares, or a 2.83 per cent stake, in married deals at 64 cents per share. The group's co-founder and chief executive officer Yap Lem bought 228,000 shares, raising his deemed interest to 16.61
        162 words
      • 103 6  -  Compiled by SERENA NG TWO executive directors of Total Automation Ltd sold a total of five million shares at 59 cents per share, or a 3.14 per cent stake, in married deals yesterday. Group managing director Ngai Kok Leong sold 2.69 million shares, while executive
        103 words
    • Article, Illustration
      136 6 OTHER SINGAPORE INDICES Dec 16 VALUE CLOSE BT08/0S -268.00 -14.00 BTCAM -***** 00 -161.00 BT10-4ayMA -*****.00 -26.00 465.88 SGCjMiMiiEkct 171.52 -1.99 SG EqaHto Fin 1453.68 -17.12 S6Q|MHkiProp 427.78 -3.07 M8CI Singapore 211.95 -2.09 SMSCI Futons 212.50 -2.20 Clob (losing {trices are m trading currencies, but absolute difference is in Si.
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  • Page 7 Advertisements
    • 138 7 I HSBC's Treasury and Capital Markets. I I One of the world's largest is also among I I the most awarded in Singapore. I We would like to thank our corporate territories, as well as providing 24-hour I and institutional customers for making global coverage and detailed knowledge I B
      138 words

  • Page 8 Advertisements
    • 1308 8 W Hl-P INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore on 26 December 1960) Invitation in respect of 205,000,000 Shares of $0.05 each comprising 151,000,000 New Shares and 54,000,000 Vendor Shares as foilows:(a) 10,250,000 Offer Shares at $0.57 for each Offer Share by way of public offer; and (b) 194,750,000
      1,308 words
    • 151 8 This announcement appears as a matter of record only December 2003 w Hl-P INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore on 26 December 1980) Invitation in respect of 205,000,000 Shares of $0.05 each comprising 151,000,000 New Shares and 54,000,000 Vendor Shares as follows:(a) 10,250,000 Offer Shares at $0.57 for
      151 words

  • EXECUTIVE money
    • 900 9  -  2004 may not yield the same bounty as this year's, but downside risks are limited. Genevieve Cua reports Genevieve Cua THE year has turned out to be a gratifying one for those who ventured into equity investments, with regional and global equity funds delivering double-digit
      Source: S&P Fund Services; AFP  -  900 words
    • 367 9  -  By Genevieve Cua DBS Asset Management has had a cracker of a year, with many of its equity funds at the top of their respective peer groups, according to Standard Poor's Fund Services database. The funds also beat their indices by a wide margin. For instance,
      FILE PHOTO  -  367 words
  • Page 9 Advertisements
    • 96 9 fMILITARY TYPE 2 models limited to 999 watches: -> Military 123 -> Military 126 Chronograph Automatic mechanical movement. Stainless steel watchcase (316 L type). Screwed down crown. Sapphire crystal. Khaki dial with photoluminescent coating. Oate. Safety leather strap with folding clasp. IH Bell (S) Ross wmm k > Available at:
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  • SINGAPORE news
    • 293 10  -  EYE on the economy credit cards By Siow Li Sen THE credit card business in Asia still offers vast potential in a market that is dominated by the international players, said a research group yesterday. Only a handful of local players are operating at
      293 words
    • 139 10 THREE more oil companies have raised petrol prices by J five cents across the board while diesel has gone up by three cents. The move by Shell, ExxonMobil and BP yester- day follows the price hike by Caltex on Monday night. Cal--1 tex
      139 words
    • 366 10  -  Its innovation centre here has been going great guns in producing patents since 2000 By Tang Weng Fai MULTINATIONAL Philips' Singapore innovation campus has been recognised as a key innovation hub, producing 600 patents from 2000 till end-2002 out of an active portfolio of 100,000
      366 words
    • 354 10  -  This would help boost firms'cash flows, earnings By Serena Ng CITIGROUP Smith Barney (CSB) is expecting the Singapore government to cut the corporate tax rate by two percentage points when it unveils the 2004 Budget in February. In a report released this week,
      354 words
    • 202 10 Regional push for Rajah Tann FOLLOWING its recent winning of a tender award to advise the Brunei government on a telecoms licensing and regulatory framework, local law firm Rajah Tann yesterday said it is actively pursuing a few other projects in the region. These include a second policy advisory project
      202 words
  • 51 10 UNIT TRUSTS FUNDS LEGEND: Al pocM an mdiutiv* axcapt ♦or *:»Ix Rmggrt Asms. Broae»y Dtvanifiad; I Narrowrty Foooad; S Uhmt rmg »Low to Ma DWC ft MM »O High RMc Highar Rate opan-anda* ••tor* fufadrvwon oi units. Aftar subdivision of units aftar Modi apNC N A- Hon DaaNng Day; Boor
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  • Page 10 Advertisements
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    • 72 10 E=r $5.80 Nett Per Item VE With FREE Choice of One Coffee/Tea/Soft Drinks or Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese Mutton Stew Saut6ed Chicken with Chinese Sausage It's All Day Mug6s4.oo nett each Jug&sls.oo nett each ***44 For enquiries,
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    • 22 10 T *}Lia 7 It ,-i r Celebrate at home with our full range of festive fare. Call: 6869 2299 for order form.
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    • 37 10 MERITUS MANDARIN SINGAPORE Tnjmi Wctieu-alazed Warn, Tiitm 'tfoast'US Turkey. ether festwe QoaaieA... Call 6831 6285 to place your order now? V. MERmJS MANDARIN (»tai 333 Orchard Road, Singapore *****7. Tel: *65 6737 4411. Fax: +65 6732 2361.
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  • REGIONAL news
    • 454 11  -  Share price has fallen closer to his offer price after stalling of big deals From Eddie Toh in Kuala Lumpur SYED Mokhtar Al-Bukhary may have to line up almost half a billion ringgit to buy the remaining stake in his listed vehicle following
      454 words
    • NOTE Book
      • 73 11 Reuters [KUALA LUMPUR] State-controlled conglomerate Sime Darby Bhd said yesterday it is negotiating to buy a stake in MBM Resources Bhd, which owns a quarter of Malaysia's second national car maker Perodua. Sime, which has interests in plantations, power generation, properties and car
        Reuters  -  73 words
      • 117 11 Reuters [KUALA LUMPUR] Malaysia's debt-laden property developer Country Heights said yesterday that state investment arm Khazanah Nasional Bhd had agreed to invest RMI2S million (5556.2 million) in its main property assets. The funds will be used to partly repay debts of RM47O million, which loss-making Country
        Reuters  -  117 words
      • 123 11 AP [SHANGHAI] A Chinese petrochemicals tycoon could be a top contender to buy debt-strapped British soccer team Leeds United, a Chinese newspaper reported yesterday. Xu Ming, president of PVC housing materials maker Shide, has since the beginning of this year repeatedly expressed interest in
        AP  -  123 words
      • 81 11 Bloomberg [JAKARTA] PT Indofood Sukses Makmur chief executive officer Eva Riyanti Hutapea will resign in May 2004, the world's largest instant noodle maker said in a faxed statement. Indofood commissioner Anthony Salim "will be delegated by the board of commissioners to provide" the
        Bloomberg  -  81 words
    • 350 11 KUALA LUMPUR Reuters, Bloomberg MALAYSIAN Prime Minister Abdullah Ahmad Bada wi yesterday said he would issue a statement this month on the car taxation system, which has long protected national carmaker Proton with high tariffs on imports. "Regarding the imported cars
      Reuters,; Bloomberg  -  350 words
    • 504 13 TORONTO His move follows some creditors saying an offer by New York hedge fond Cerberus may be superior Bloomberg VICTOR Li, a son of Hong Kong billionaire Li Ka-shing, may improve a Cs6so million (SsB43 million) offer for 31 per cent of
      Bloomberg; BLOOMBERG; AP  -  504 words
    • 189 13 NEW YORK AP LEHMAN Brothers Holdings Inc has stopped using Indian workers for its internal computer help desk, in another sign of backlash against using "offshore" labour. The New York-based fi-nancial-services firm last year hired two Indian firms Tata Consultancy Services and
      AP  -  189 words
    • 269 13 BEIJING The US$230m deal will give it stakes in two power plants AP, Bloomberg ONE of China's biggest power companies is buying half of Australia's OzGen in its first overseas acquisition, the companies said. China Huaneng Group is paying US$23O million
      AP,; Bloomberg  -  269 words
  • Page 11 Advertisements
    • 179 11 Call toll-free 1800 289 8822 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:SBS TRANSIT LTD rrtiftrnir No. Name Nit, n# Sh»rr* *****30 TengGeokKiat 1x1.200 *****69 The Estate of Haji Saidi bin Awee, Deceased 1 x 1.200 COMFORT GROUP LIMITED (Now known as ComfortDelGro Corporation
      179 words
    • 247 11 ©DBS; 13 DBS ;<%. PJK"' v «p /r\ _/r\ ,7'.' .j.. it ■■RS ssssr DBS Points during this festive season. DBS Black is indeed the most rewarding card. The DBS Black Card is the only card that rewards you with double points forever. But as a special festive season treat,
      247 words

  • EDITORIAL & opinion
    • 706 12  -  THE bottom line OPINION frank ching CHINESE Premier Wen Jiabao's visit to the United States has been hailed by China as a great success. On one level it was, since President George W Bush for the first time took China's side in its dispute
      706 words
    • 85 12 'Four hundred and ninety-six missiles are no joke. We should let the world know this kind of state terrorism already exists.' Annette La Taiwan's vice-president, on why the island's government wants a referendum calling on China to remove its missiles. 'Even if they felt that they had
      85 words
    • 601 12 Derivatives learn from the past EDITORIAL IN THE past two weeks, stockmarket investors have had the opportunity to buy covered warrants issued by DBS Bank on United Overseas Bank (UOB) and Singapore Telecom (SingTel). Last week, the Singapore Exchange (SGX) unveiled a sophisticated equities trading engine called SGX Quest which
      601 words
    • 843 12  -  Last weekend's talks failure in Brussels has given fresh impetus to the drive for multi-track European development and integration From Shada Islam in Brussels EUROPEAN Union leaders, trying to pick up the pieces after last weekend's failed effort to clinch a constitutional power-shar-ing deal,
      AFP  -  843 words
    • 636 12  -  COMMENTARY That's what seems to determine future of Asian leaders By Andy Mukherjee Bloomberg ASIAN leaders don't need to read tea leaves for a glimpse of their political future. Reading the stock pages of their daily newspapers will be enough. Doing that, Philippine President Gloria Arroyo
      Bloomberg  -  636 words
  • Page 12 Miscellaneous
    • 192 12 CHYPTIC CROSSWORD odofw (7) 31 Deposit that's tied into 9 The first serviceman to be YESTERDAY'S SOLUTION means testing (13) our leader? (5,8) Across: 1 Caught up, 5 Beef mvju crackpot going topless 8 All but, 9 Escarote, 10 PttDOWN (5) V' <1 <-v» lir»o 15 U Lnnar 2 Speak
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  • Page 13 Advertisements
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    • 68 13 Introducing the Ultimate Shaving Experience. I I The new Braun Activator has a revolutionary new foil design to capture more hair, more effectively. r»K B'.i." Ar.tivaror hav.': -V 'o.i Ai" 4 'J/V-.-r f-.vtr.'f-l .t. 1". ♦<<••••. I t-.ai'- t .-3f.rurt'opportunei v. iy r• >v-.'•' j >; i«-ij/•>» VvA' E"sur*r»- f
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  • 6 14 Transaction date: Dec 16
    6 words
  • 645 14 Transaction dale: Dec 16 1 a— Qwr a— o—r sr ss s ar* OwrtMCondMc 141 1410 rtrtwayHMc A* CJJO 4M 0% DcvSOt Jf.15 SIN Septal Food «0c OJO 1JOO -OAK awftMOataroSc V1» A.7M SGX It 140 1650 «*Mt L g£5wt3c OJB 17J00 -WOO UAMc SJO 11JOO -awo DftSftp VU»
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  • 5 14 Transaction date: Dec 16
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  • 572 14 BONDS WARRANTS Tal Last M Cm law D« Gmt 'iStl a» Cn»w» *m- rtm MM fc« UH 3698 ASTIW*****1 Hi -0.5 75 1 16 -1 1*5 6 3697 Aon* Ltd W*****6 05 -05 2 1 50 432 1900 11 MIS Amtek W*****0 120 1 33 5 1-22 18 3603 Armstrong
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  • Page 14 Advertisements

  • WORLD news
    • 388 15 NEW YORK Changes will create unified roles to ease global comparison of corporate books Reuters, Bloomberg US ACCOUNTING rulemakers on Monday formally proposed several changes to existing accounting rules to bring them in line with global accounting standards, moving ahead in their
      Reuters,; Bloomberg  -  388 words
    • WORLD Watch
      • 87 15 Bloomberg [SEATTLE] Oracle Corp, the world's third largest software maker, said on Monday that second-quarter profit rose 15 per cent on higher sales of new software licences plus updates and product-support contracts. Net income in the period ended Nov 30 rose to US$6l7 million, or
        Bloomberg  -  87 words
      • 68 15 Bloomberg [NEW YORK] Motorola Inc. the world's second largest maker of mobile telephones, named former Sun Microsystems Inc president Edward Zander as chairman and chief executive officer to replace Christopher Galvin. The appointment of Mr Zander, 56, is effective Jan 5. Mr Galvin had resigned
        Bloomberg  -  68 words
      • 80 15 Bloomberg [TOKYO] The Bank of Japan said the second largest economy is "recovering gradually" as exporters expand to meet stronger orders, the fourth consecutive month the central bank has delivered a more optimistic evaluation. "Exports are increasing and business fixed investment continues a gradual recovery,"
        Bloomberg  -  80 words
    • 244 15 SAN FRANCISCO Bloomberg XO Communications Inc, the telephone and Internet access company controlled by billionaire Carl Icahn, received a U5533.5 million gain from the investment it made in Global Crossing Ltd during a failed acquisition attempt, the company said. XO received a total of
      Bloomberg  -  244 words
    • 449 16 NEW YORK Broaddus also says economic outlook is much brighter bat he sees no immediate risk of higher inflation Bloomberg RICHMOND Federal Reserve Bank President J Alfred Broaddus said on Monday that the Fed's "accommodative" monetary policy can include "somewhat higher"
      Bloomberg  -  449 words
    • 219 16 LONDON Reuters A BUOYANT US economy and a sustained boom in China will cause world gross domestic product to grow 3.2 per cent next year, up from 2.4 per cent this year, said the Economist Intelligence Unit (EIU). The UK-based researcher said
      Reuters  -  219 words
    • 239 16 NEW YORK Reuters US employers were more optimistic about hiring staff in the year's first quarter than in the fourth quarter for the first time in five years, a survey said yesterday, offering hope to job seekers. Staffing company Manpower
      Reuters  -  239 words
  • 1565 15 SICOM FUTURES Dec 16 RUBBER Futures (Owing prices) RSS1 (S centsAg) Close Volume Open Won tit Hjgh Low Sett (tonnes) Interest Jan 04 219.75 Feb 04 220.50 Mar 04 221.50 Apr/Jun 04 224.00 RSS3(USceab/kq) Volume Open Month High Low Sett (tomes) Interest Jan 04 1 1 i27J5 1500 Feb
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  • Page 15 Advertisements
    • 108 15 El nii i i i»l Weekends, Christmas 6.30pm /opm, d<m MB /ear I **.1+ <->* ar>*Mm 3.30pm 5-30pm w f 31 December at the Phoenix garden Cafe, the home ofgreat rotf|?ratal .JgH| Christmas traditions will not be the same when you Garden Cafe. Sink your teeth into the traditional Christmas
      108 words

  • 6 16 Transaction date: Dec 16
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    348 words

  • BT motoring
    • 380 17  -  Pagani's exclusive hand built Zonda will be launched in Singapore on Friday. Samuel Ee finds out what one of the world's fastest cars has to offer Samuel Ee ONE of the fastest cars in the world will be launched in Singapore on Friday. The Pagani Zonda
      380 words
    • 266 17  -  By Samuel Ee CAR and Cars, the local distributor of Volkswagen, has opened a three-storey showroom and service centre in Jakarta. The 70,000 sq ft facility in the Pluit district is built to VWs corporate identity standards. It was officially opened last Thursday by
      266 words
    • 500 17  -  By Samuel Ee A HIGH-TECH personal transporter doesn't necessarily have to be an expensive Segway a made-in-Singapore fuel cell scooter will be a cheaper and more efficient alternative if it goes into production in three to four years' time. A fuel cell generates electricity when
      CHRIS LOH  -  500 words
  • Article, Illustration
    1067 17 Transaction date: Dec 16 A»-s«n«: Maturities > i yr. Short 1 3 jr. Long > 3 ys DTTERBAlfK CROSS BATES AS g X iw> W$ W»» mm Yen Wm M <8 Wh Mo S$ Sir WT$Mrt *>mi US$ Australia 0.978 6.170 0.603 5.771 ***** 63.030 0.801 1844 2.825 1.146
    1,067 words
  • Page 17 Advertisements
    • 134 17 ff,^iii4^^Hvl f 'V IH> iij A>w| KLiHRi"^»HF i L*3 k~ 4 Qm£f*Wm Yule love what we have in store for you this Christmas Treat yourself to a host of Christmas goodies from chocolate log cakes to pancttones; gingerbread to mince pics. And don't forget our yearly hot favourites like S^jjjj^S
      134 words

  • Page 18 Advertisements
    • 116 18 •V M'*m~~ <*~l .*iVV ■■*■;>"• i' 3 V 4 V-*•■ I V V.C. CpaPgiSSfc* r^3§& tWztSM This Christmas choose "A" over "B". Here's The fact that"A"comes from a sustainable forestation program instantly puts it a cut above "B" which is illegally felled. At Rabobank we not only know all about
      116 words

  • SHIPPING TIMES
    • 248 19 Reuters The Baltic Dry Index rose 20 points to 4,658, the Baltic Capesize Index increased 26 points to 6,667, the Baltic Panamax Index was up 22 points at 4,470 and the Baltic Handymax Index rose 109 points to 25,535. TIME-CHARTER: Poterne (built 1996) *****0 dwt delivery Kimitsu ppt
      Reuters  -  248 words
    • 300 19 SGX 000 Pet 16 Si W- Vol CH Offshore 0.35 -001 767 Oman Hup (147 unch 426 Cosco Investment 0.61 -0.01 2876 CWT Distribution 0.56 -0.01 20 Ezra Hldgs J0S9 -0.03 173 Freight Links .0.10 -001 140 GB Holdings 0.67 0.01 5 Java Holdings 0 76 -0.02 727
      300 words
    • 861 19  -  The vessel will have same rights as other ships here, says Singapore By Donald Urquhart [SINGAPORE] The 24-year old Russian-flagged singlehulled tanker at the eye of a political storm, will be treated like any other vessel calling here, Singapore authorities said yesterday as the
      861 words
    • 678 19 Reuters [GUANGZHOU] At Guangzhou shipyards, giant yellow cranes whir and wheel over rapidly emerging shapes of new ships, plucking steel sections from the dock and lowering them into place. It is a hive of activity, and with good reason. China's shipyards are
      Reuters; FILE PHOTO  -  678 words
    • 227 19  -  By Beth Jinks [SINGAPORE] Reefer rates from the United States to Asia will rise again in March, following a hefty hike mid year. Member lines of the Westbound Transpacific Stabilisation Agreement (WTSA) will increase reefer rates US$3OO per forty-foot-equivalent unit (FEU) and US$24O
      227 words
    • 195 19  -  Donald Urquhart [SINGAPORE] Departing from their traditional regional focus, Singapore's Pacific International Lines (PIL) and Taiwan's Wan Hai Lines have announced a joint container service from China to North Europe aimed at tapping the surging export volumes out of China. The Far
      195 words
    • 706 20  -  STRAIT TALK By David Hughes AS this column was being written, the single-hull Russian tanker Geroi Sevastopolya was nearing Spanish waters on its voyage from Latvia to Singapore with a cargo of 50,000 tonnes of heavy fuel oil. About a week before,
      FILE PHOTO  -  706 words
    • 3 20
      3 words
    • 3 25 THEBUSINESSTIMES
      3 words
    • SHIPS IN PORT
      • 637 27 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E3289 J3 A/SIDE 17/12 0230 BINTANJAYA BJ0395 J12 A/SIDE 17/12 0100 BRIGHT PESCA 3 J11 A/SIDE 17/12 1200 SANKO SUMMIT V005 J15/16 A/SIDE 17/12 0500 SUNGAISILAT2 0112-03 J4 A/SIDE 17/12 0630 UNION STAR18 10/03J J15 A/SIDE 17/12 0630
        637 words
      • 2 27
        2 words
      • 166 27 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
        166 words
      • 764 27 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the individual
        764 words
      • 53 27 Tim rm—rt to toX umlii m mthnnt ty lnHwa »«ryk w ■—to fraM ttolr mm IstaAatf fMI tMlty iMMci NMdi bmliiltM'tMpfllfeii sMpownsn. Mvtantar parts ha**kaaa<rMpatf la «M«ra»Mcaln|laM tar ttwrtty.Caapwtmlwa feaaa «rith Mm ManwtlMwl Limits pMMM fcy Canal MmmNm Far arti^Mtar^MaaaTalrnwlP«| —rrtca*. TataK—a: 01T1-3ST-40M. Tata *MSM DNV
        53 words
    • AIR & LAND transport
      • 725 28 Minister set to release white paper on how to handle increased demand for air travel Bloomberg [LONDON] British Airways and other UK airlines will have to meet the costs of polluting the environment as air travel is expected to triple in the
        Bloomberg; BLOOMBERG FILE PHOTO  -  725 words
      • LOG Book
        • 91 28 Bloomberg [KARACHI] Air Blue, Pakistan's third private airline, plans to raise 120 million rupees (553.4 million) through an IPO next year to start operations. Air Blue will sell 25 per cent of its shares in the first quarter of next year through
          Bloomberg  -  91 words
        • 94 28 Xinhua [KATHMANDU] After two years of suspension, Pakistan International Airlines (PIA) has announced the resumption of its Karachi-Kathmandu flights from Jan 1 next year, said a Nepali civil aviation official. "The Civil Aviation Authority of Nepal (CAAN) has already approved the PIA
          Xinhua  -  94 words
        • 109 28 AFP [ATHENS] Greece's plan to sell off its restructured flag carrier Olympic Airways signifies a last-ditch effort to save the airline rather than a shift in the socialist government's piecemeal approach to privatisation, analysts maintain. "I don't think the government had any other choice
          AFP  -  109 words
      • 315 28 Bloomberg [SEOUL] Korean Air Co expects a record operating profit of more than 680 billion won (Ss9Bo million) next year as an economic recovery and a shorter working week encourage more people to travel overseas. Sales may reach 6.8 trillion won next year,
        Bloomberg  -  315 words
      • 531 28 Bloomberg [HONG KONG] Empresa Brasileira de Aeronautica SA (Embraer), the world's fourth-largest commercial aircraft maker, plans to develop new regional jets with China Aviation Industry Corp 11, to tap China's growing demand for air transport. Embraer and Avic 11, as the two
        Bloomberg  -  531 words
      • 194 28 Bloomberg [FRANKFURT! Deutsche Lufthansa AG's cargo unit, the world's biggest freight airline by tonnage carried, plans to reduce costs through new agreements with employees on working hours and by possibly moving some operations outside Germany. The airline intends to reduce costs by some 300 million
        Bloomberg  -  194 words
      • 394 28 Amu* axes AA AmcrKjr Arms (AALJ. At At France (AFR) Ai Arlnda (MC), AY (mar Oy (FIN) AZ Attata Arms tAZA) BA Bntsh Arways PMc LK Cc iBAWt BG Bmmßa yuoesh Arms (BBC) Bt Royal Brunei Arms Son Btxl (RBA) BO BouraqArms (SOU) BR EVAArwtysCamteVA). CA
        394 words
      • 273 28 Reuters [JOHANNESBURG] South African Airways (SAA) could be bailed out from a multi-billion foreign exchange loss that is threatening its financial viability, a local newspaper said. The Sunday Times quoted Minister of Public Enterprises Jeff Radebe as saying that the government planned to "remove"
        Reuters  -  273 words
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    • 859 20 I TO USA/CANADA I 1 EXPORT 1 I OTHER DESTINATIONS 1 Vtssa |VOT WO I ETA S« lIOMG OEACH| DALLAS I HOUSTON 1 MtMPWS IOOCAGOj >KW TOOK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) PIO NEDUOVD SIUYVESANT 71E51 I</12 17/1? 02M Oi/DI 01/01 07/B1 07/01 10/01 VESSEL VOT HA SM KG m
      859 words
    • 516 20 Lines services represented by Members of ibe Registry of vj|sSr<.y AccredrtBd sh, pp ,n 9 A 9 Bnh Singapore Shipping Association Members of tbe tm Singapore logistics Association g|| ULY UNE MAIS /vissa vor n* n* n*\ p. kuwg sfoti mm Princess lily 1103 18/12 20/12 29/12 Mold Star 544
      516 words

  • Page 21 Advertisements
    • 1276 21 TO EUROPE FROM EUROPE Ivbsr Ivorsw at no an» ham b»v sou ta llwssa Ivor m» w hmo »v sou m sw l MUM 107W18/12 07/01 09/0105/01 HYIMMIGEMUL *****»/11 03/12 27/11 20/12 HYUNDAI UKTT 319* 22/12 00/01 11/01 1 J/0107/01 N&nKHBS 01*01/12 03/12 84£2 87/12 0/12 MCim 122W 25/12 14/01
      1,276 words
    • 2311 21 <V- J MONTHLY CONTAINUtSU SIKVKEIO SOOIM PACIFIC ISLAND Of ZBtSSSSffSk ME LTD mSBi/u "IS" "SB8& I < tAUTOM <"*> aiftiiwwmmb »tmiMOtMM) wwnn/oi mms;u m»ui»/« I PADCCTC ITAlimi t/mpw Mxuis i»iuu/« I rArcKll (IAnITIJ JOMorsomo: cowvomoiui mtososo *****244 I COSIAA A6QK3B f) SCK IMP HfcQMSMIAA F4I:47JSMt74 «i/w |s» me w on
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  • Page 22 Advertisements
    • 811 22 ■SV V\CI lIAC tMOUHWtS/BOOKINOfc •WTTSM r*X: MM74M K-MAIL: MmMdMw.comJ! |j>l UCLmAd POCWWWTATIOWa/OWIUTlOW; WWW naaoMi VHSH. WIST" lEUMON LUANOAPOiffi NOW KATAM UNCVUi AMUAN TWA tOM IWCM COTOdOU AMM DOUAU jONW niM Twill 404W 10/11 04/01 01/01 17/01 IS/01 11/01 14/01 '?AH MM HAH 407W 23/1J 04/01 12/01 17/01 31/01 IS/01 U/Pl
      811 words
    • 1327 22 WAN HAI MTBtNATIONAL PII LID OMtHmnMH] TIL *****5 M (14 IMS) FAX.-*****163 \\n\WAN HAI LINES issssssssssssss^ www ■»WW gw—iww/w HI: nun www.w«ww.tw.n Mi IMB IK WW OW TTO Hi WB MO f bill iirr —pnr ~m~ wtr ~m lawwrs m*i >vii I 11/11 n/ii »wii n/H b/ij wii wii wii
      1,327 words
    • 506 22 BSA ii.l MYANMA KH FIVE STAR UNE (MymHr NatiMMi Um) Uribf f«r Yw«m vtssti vor sat pu pbi ran HP*-AN 315W Sl* PAGAN 323W SIB ID BALAYSIA: IOUSTUD SHIPPING ACCNOES KUL 03-*****)00 PtL 03-317*410) POfc 04-2*12*02 iHIHL ACCEPTIW9 COMVEMTIOMAL CBO VBSQ VOT HAG SM PGU PRI KIK OtiaTUNG 115 SLO
      506 words

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    • 1340 23 IVtSSIt VQY KHH HKO SIN I PKI I PX» lAB DM* llTl IRAN LOftfSTAN PCUOI4 SKIP SKIP 20/12 19/12 29/12 30/12 05/01 07/01 CAP! FRIO PCUOI6 SKIP SKIP 23/12 22/12 01/01 02/01 M/ 01 11/01 SIA NAVIGATOR PCLBOIB SKIP SKIP 30/12 29/12 07/01 M/ 01 14/01 16/01 IRAN SATTARI PCLMIS
      1,340 words
    • 649 23 1 19« UK CONTINENT SERVICE Loacftngfor KALMA RTM/ATW/BMN/UK/NAN ASIRAT RTM/ATW/BMN/UK/NAN Loads Singapore. E/W. Mateysa. Indonesia MIDDLE-EAST SERVICE Loading for PLAMER DBl/ABU/DO H/BRN/DMM/KWT GRAIN TRADER JOH/AQA 'Loads Singapore, E7W Majwr/tia. Indonewa USA SERVICE Loadrtg 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
      649 words
    • 1151 23 -ffisa ssi si eh— jfosa m m mt JWMWA now i;/n !IZII_ rMMM tlfiU 11/11 HCUMM 11Q3W 11/1? H/n iIiMIITi 7 UK IUI3 2JZI2 PACOAMDA ***** 20/12 71/1? Pif Mil MOM 17/H pacqamia m nm nm uuuMk wi am mum *****1 M/ii 23/11 ■HHrrnvnrTTTTnv^^H p*c und* lio/ii ?i /i? u/n
      1,151 words

  • Page 24 Advertisements
    • 616 24 HTBBTHnGasEA H2N n-17/12 24 25/12 30-31/121 ■HMMMTtiailtlDGf 143N 20-21/12 27-21/12 03-04/01 ■IIQiIIIH TIGER SHAM 144N 23-24/12 31-01/01 04-07/01 I MSN 27-21/12 034)4/01 10-11/01 I J— jttli 30-31/12_. W-0»/01_13jV01_| »T!?T7i!:<«nG«tfitn 07» 14-14/12 ivnni oi-oi/ni ■nraim 120 20-21/12 26-21/12 05-06/01 I HUmiLßj BALSAM 146 20-20/12 26-21/12 06-06 01 I 639 2S-26/12 02-04/01
      616 words
    • 958 24 FREIGHT LINKS EXPRESS PTfctLTD* 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@singnet.com.sg LCL SERVICE TO JAPAN/INDONESIA/PHILIPPINES/CANADA oJE OSAKA JAKARTA VANCOUVER I YOKOHAMA NAOOYA CEBU TORONTO TOKYO SURABAYA MANILA MONTREAL Booking 6267# 5565/4694/5535/5580/5541 /5 508/5 569/5 5 60/5 56 3/5 514 PROJECT Cr HEAVY LI FT
      958 words
    • 1330 24 nXTDnTTTKEc ZZZTZTZZ^ #?7 \J£- L.I 111 lu THiMJi iiM tat *221-5272 M MM w 1 m W QKTOMB SSrVKi TIL' 6771-5504 FAX: 4227-4190 W#W SOIGAfOtfc TONC JOO SMPTWG PTI LID UMIAK COMTAMIIISCD SOtVKIS TO MAUYSU, BMNH, MTAMUK AM VKTIUM iron wr n>m «ca rrnti wr mw tin mm wr raw
      1,330 words
    • 204 24 Mf*. BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI IVissa I VOTAg ETASWGAPQg ffAMMOt [SMMM I 01 WW 23/12/03 0301.04 1 MUtTAW I 011HW gg 30/01 AH SEA-PAC MANAGEMENT PH. LTD. 70 Anton Rood #17-07/08 Ap« Tow, Singapore *****5 TaUphon*: 6270 0977 l II FocmitmW: 627S 2309 XII
      204 words



  • Page 27 Miscellaneous
    • 114 27 gBSBBBBSgBggBSBSBB3SSSSSSSBk I M^I%igML, REGIONAL WEATHER EESSSWP®, Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O 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 xi Hazy A One solid triangle
      114 words