The Business Times, 6 January 2004

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Total Pages: 26
1 26 The Business Times
  • 17 1 THE BUSINESS TIMES ir,t? rr et: nttp:'/business-times.asial com.sg SINGAPORE TUESDAY, JANUARY 6. 2004 85t MfTA (P) 024/03/2009
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  • 895 1  -  Investment bankers working on at least 25 mandates from the mainland By Loh Hui Yin [SINGAPORE] Not too long ago, Singapore had to cajole Chinese companies to list here but now, they are lining up in droves. Investment bankers
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  • 470 1  -  But experience with Clob could mar the attraction of possible dual listing with KLSE From Eddie Toh in Kuala Lumpur THE Singapore Exchange (SGX) could have an opportunity to buy into another bourse the Kuala Lumpur Stock Exchange (KLSE), which is set
    470 words
  • 921 1  -  BT exclusive Korean bank sees joint buy of BII as testbed for N-E Asia expansion By Loh Hui Yin [SINGAPORE! South Korea's Kookmin Bank, which partnered Temasek Holdings to buy an Indonesian bank last year, is using the acquisition as a "test-bed" for
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  • 68 1 sn 1,S1SSS (+37.31) ST MDEX FUTURES Mis .00 (+28.00) «—»CI FUTURES U (+3.50) Monday «(ltuigr ICLSf. lt)MP nit *4.17 MKKHHi 1M&I' ♦MHAS HAMiSKMJ lUMfcS SCT INDEX MJt ♦I&7H JAKARTA (XM? _7&47 'MSI M A.MLA OOMT |.«7 M *4417 TAITO Wfl attt.41 HAM StMXOOW Oil* <1M shd«he> a xnn h>*
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  • 68 1 RMBEX RATES US$ lSS(*»|*rl5$| |7M £4lTSS>'SSpcr£| t.7»» R RiHi i an YE* M3 t£*> KM turn ISfc HKS 77*4 «atf KAIfT tll4 RLTIAH A.40# 4JMI RfcNMINW HW» 1 INDIAN KI PO- 45« AS 07» sa m* PKME RATES stNOANMte* us MALAYSIA (U» hong nova km inmmbia mm TAIWAN &JW
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  • 247 1  -  By R Sivanithy [SINGAPORE] Regional stock markets yesterday continued their rally into the New Year, with Hong Kong's Hang Seng Index breaking through the 13,000barrier and the Straits Times Index finally crossing the 1,800-mark in high volume. Brokers said markets are now in
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  • Page 1 Advertisements
    • 89 1 lp America's trade partners need not A eat its beef Harish Mehta. Pg 12 iSk Korea's Kookmin sees better2oo4. Pg 2 ULYSSE^NARDIN Since 1*46 Li LOCLI Marine Chronometer with official rating certificate issued Official Chronometer Testing Institute Power reserve Oversized LARGE DATE INDIVIDUALLY 660 CT ROSE Available with an exclusive
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    • 10 1 So tmr, it's going according to script, Pg 6 ■I
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  • NEXT page
    • 585 2  -  Airline must not jeopardise premium service business model, they say By Ven Sreenivasan Singapore should continue to •address the issue of operating costs but must do so Without jeopardising its premium service business Jnodel, analysts said yester- They were responding to i£enior
      585 words
    • 541 2 10,000 civet cats to be culled; suspected case in Philippines AP AFP Reuters [BEIJING] After more than two weeks of intricate tests, the Chinese Health Ministry announced yesterday that a sick man in southern China does have the Sars virus, triggering fears
      AP; AFP; Reuters  -  541 words
    • 533 2  -  Credit card default rate improving, economy picking up By Loh Hni Yin [SINGAPORE] Kookmin Bank, which suffered a loss last year due to rising loan defaults, says it has reached the bottom of the credit cycle for its credit cards. v
      533 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 413 3 SINCERE THE WATCH SPECIALIST I *-^f in,, j 111! >1 i! inwiiiul ul! link :ii t'lK vl.uk iIk Kqv.iki iiKvli.ink.illv oimpl,\ in. >\ viik ill. ilu viiijn .it'kr I> >m bill, mi tii.ii K\ v r 11tIk .i unujik 'r,v\ lunism -jvu.iib p\ uk pi v.. imhii «»t .i u.Uvli.
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  • SINGAPORE companies
    • 657 4  -  HOCK lock siew r sivanithy ONE major source of optimism surrounding stocks is the strong performance of the US economy and in turn, that of Wall Street, where the crossing of the 10,000 mark in December by the Dow Jones Industrial Average was seen as
      657 words
    • 501 4  -  It raises $11.4m after doubling offer to 40m suits on strong demand By Serena Ng BANKING on the success of call warrants it launched recently on shares of United Overseas Bank and Singapore Telecom, DBS Bank yesterday unveiled a similar issue on the Straits Times Index.
      501 words
    • COMPANY Briefs
      • 83 4 ENGINEERING and instrumentation specialist Total Automation yesterday said its major sharehokler Velosi (M) Sdn Bhd is proposing to transfer a per cent stake in it to Trenergy Equity Sdn Bhd. a Malaysian oil and gas player. As Velosi is a subsidiary of Kuala Lumpur-listed Trenergy, the
        83 words
      • 126 4 MAINBOARD-listed Nam Lee Pressed Metal Industries, a third-party manufacturer of aluminium frames for container refrigeration units, yesterday announced a placement of up to 15 million new shares at 48.5 cents a share. This represents a discount of 7.4 per cent from the volume weighted
        126 words
      • 47 4 YONGNAM Holdings, which supplies fabricated steel structures, has secured die agreement of several of its trade creditors—which had filed winding-up petitions against its Malaysian subsidiary, Yongnam Malaysia—to postpone the hearing of their winding-up petitions, pending farther progress of a proposed bilateral agreement
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    • 534 5  -  Reverse takeover sees the Indon firm gaining 71% stake in the S'pore education group By Teh Hooi Ling EDUCATION group Auston International has struck a reverse takeover deal under which it will acquire a real estate concern in Indonesia. In return, the vendor
      FILE PHOTO  -  534 words
    • 543 5  -  By Keneth Lim AFTER nurturing its steel trading business for more than half a century, Hong Leong Asia (HLA) has Finally let go of what it called the "lonely child" of its building materials unit in favour of its
      543 words
  • Page 4 Advertisements
    • 214 4 ■■^^^^■iIIHRIM naHtaf I V #t .jH^ISIIBISNMBI^^^^H^^^H II |l JB j& a a Action Asia Limited (tocorporatMi in the Republic of Singapore on 2 August 2002) Invitation in respect of 100,000,000 ordinary shares of $0.10 each ("Invitation Shares"), comprising 76,000,000 New Shares and 24,000,000 Vendor Shares aa foiipws:Reestvedl' The above invtatfon
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  • Page 5 Advertisements
    • 140 5 n pT J* J SHlFT_the future U Blkit Ti«lh: Tan Chong Motor Centre, 91 1 Bukit Timah Rd kOmtmi Mm Auto Mega TradlnQ Pli Ud 50 East Coast Road, ♦01-89/90, Katong Roxy Square 2. Tel: 6344 2882 5Vi General Line:6466 7711 Vehicle Sales Enquiry:646o 1600 >»-, ow m 33s^MWHW Trt64M.na■
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  • SINGAPORE markets
    • Article, Illustration
      509 6  -  Compiled by KENNETH LIM UOB tim UOB was the worst-performing bank •lock in Singapore in 2003, up only 12 per cent Drags on performance include MAS postponing the deadline for the mandatory divestment of non-core assets and the apparent delay in deployment of the US$l billion raised in
      Source: Bloomberg  -  509 words
    • 289 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE stock of logistics company Air Ocean charged to a record 34 cents yesterday before closing with a net three-cent gain at 33.5 cents. And volume was a whopping 33.7 million units. This is a
      Source: Bloomberg  -  289 words
    • 506 6  -  BT comment STOCKS r. sivanithy THE performance of the local stock market is going almost exactly according to script which, as we've pointed out before, is not something that happens often in the history of stock markets. A weak December, when funds were
      Source: Bloomberg  -  506 words
    • 623 6  -  BT comment CURRENCIES Aussie, NZS hit highest level in mere than 12 years versus Sing larry wee THE US dollar started its first full day of 2004 trading on the dismal note that most currency observers had expected it careened to multi-year lows versus
      Source  -  623 words
    • TRADES TO WATCH
      • 73 6 SIN Keng Choo, a substantial shareholder of Ezyhealth Asia Pacific, bought a 1.91 per cent stake or 5 million shares in the healthcare IT solutions and services firm at 6 cents apiece on Dec 31 last year. His open-market purchase raised his deemed shareholding in Ezyhealth
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      • 74 6 THE executive chairman, CEO and founder of Ellipsiz, Xavier Chong Fook Choy (above), bought 50,000 shares in the semiconductor solutions firm at an average of 55.3 cents apiece on Jan 2. The open-market purchase raised his direct shareholding in Ellipsiz to 14.17 per cent, or
        74 words
      • 102 6 VENTURE Corp's executive director, Tan Choon Huat, sold shares in the blue chip electronics manufacturing service provider at an average price of $20.48 apiece on Dec 30 last year. The open-market sale reduced Mr Tan's direct shareholding to 50,000 shares from 250,000 shares. He also
        102 words
      • 136 6  -  Compiled by SERENA NG THREE directors of a subsidiary of recently-listed Jacks peed Corporation sold shares in the company last week. Voo Jim Hing sold 100,000 shares cm Dec 30-31 at prices of 32 to 33.5 cents apiece. The open-market sales reduced his direct shareholding
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    • Article, Illustration
      394 6 OTHER SINGAPORE MINCES Jan 5 VALUE CLOSE wrm/m 872.00 +142.00 WOW -*****.00 +138.00 WlUqrMA -*****.00 +87.00 491.34 +6.94 MrpMnPnl 178.97 +0-71 1518.20 +18.85 WlpWllhip 456.44 +12.76 MWqpp— 222.96 +3.24 WWWwi 223.30 +3.50 Stidn ViImih Htf>5c 53,133,000 ReedGrp5c 40,629,000 ThaiVillage 5c 39,652,000 UniRberlOc 38.809,000 BeautyChina HK10 36.635,000 Chart SemiCond 26c 35,464,000
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  • SMALL caps
    • 938 7  -  A slew of upcoming projects puts Ho Bee on the watch list, says KALPANA RASHIWALA KALPANA RASHIWALA HO Bee Investment has a market cap of just under $160 million, small when compared to the likes of Capita Land or City Developments. But, the group
      938 words
    • 416 7  -  By Teh Hooi Ling THE new year has been good for stocks so far. For the week to yesterday, our small caps portfolio gained 5.6 per cent. It beat the Straits Times Index's 5 per cent advance, but trailed the UOB Sesdaq Index's 6.6
      416 words
  • Page 7 Advertisements
    • 102 7 I FREE WITH I I OUR NEW I I OFFICE I I SOLUTIONS. I I I Wish there was an easier way to manage mundane paperwork? Canon Total Office Solutions will free you from mindless repetitive tasks, allowing you to get more real work done. Our iW software is designed
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  • SINGAPORE companies
    • 566 8  -  Auto accessories maker Action to raise $22m; electronics retailer Challenger to raise $6.3m By Kenneth Lim THIS year's initial public offer market got off to a dou-ble-barrel start yesterday, with Action Asia and Challenger Technologies registering their prospectuses with the Monetary Authority of Singapore.
      ARTHUR LEE  -  566 words
    • 223 8  -  By Vince Choag BELEAGUERED construction company Hua Kok International is suing the man it thought could give it a footing in the China market for not repaying a US$5OO,OOO loan that was to help set up a company in Beijing. Hua Kok said in
      223 words
    • 457 8  -  By Serena Ng OCBC Investment Research (OCBCIR) does not expect the Straits Times Index to perform as well this year as it did in 2003 but the local research house still likes Singapore stocks because it expects stronger
      457 words
  • 2776 8 UNIT TRUSTS FUNDS comoubs infencMBw 036* Com Global Enaqy Mb Fd 103/ Com Global Tra« Mb M 082/ Com S-pore Bond Fuid/* 1.0B2/ SorEuopefaS 1 1.27/ SttEtropeW 1.066/ tndocjm Asia Vsjon' 1.11*1171 SarAajanTqerEcft 0898/ DBS Aait Mat SalaM 1.304/ ShentonTweiGt* 1.280 335 Star Am Una) 092* japan Growth'* 7 O
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  • Page 8 Advertisements
    • 360 8 I HHII I 18un Only) }±'l ll_ j Diners Club Credit Card Where to wme, dine and entertain... »|Hj| \> 1 1 1 1 11 J y Celebrate the coming Chinese New Year and treat your employees to a traditional Shou Gong feast with our great value menus. Choose from
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  • SINGAPORE news
    • 542 9  -  EYE ON THE ECONOMY PMI expected to remain on the expansion track for the next 2-3 months By Anna Teo ON the expansion track for the seventh straight month, the Singapore purchasing managers' index hit a threeyear high in December and the uptrend
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    • 435 9 Steer clear of yuan revaluation and ride the China dragon: economists THE first business outlook seminar for the year kicked off, appropriately enough, on an upbeat note, with fairly rosy growth prospects forecast for all key economies and regions. What could muck it
      435 words
    • 447 9  -  By Raju Chellam THE Singapore government is in talks with five key state governments in India to implement e-government solutions with help from a dozen Singapore infotech companies. Deployments of initial e-government solutions in India could start early this year. The Infocomm
      447 words
  • Page 9 Advertisements
    • 309 9 NANYANG Forging leaders, Asian-style, for the global village Ranked by the Chief Executive China (2002) as one of the top five executive MBA programmes in the Asia Pacific, the Nanyang Fellows Programme consistently attracts the best candidates from Africa, Asia and other places. Both faculty and student quality were ranked
      309 words

  • FOCUS property
    • 725 10  -  Move aimed at lowering business costs and boosting flexibility for industrialists, Vince Chong reports Vince Chong IN an unusual move, the lease period for one of two new plots on the government's industrial land sales reserve list will be pegged at 30 years
      725 words
    • 361 10  -  Asking price for Dapenso in region of $27-30m; BNI may lease back premises By Andrea Tan THE office and banking premises of scandal-hit Bank Negara Indonesia (BNI) in Cecil Street has been put up for tender. The nine-storey Dapenso Building is owned by
      361 words
  • Page 10 Advertisements
    • 670 10 SUNTEC TOWER ONE B* Approx. 2700 to 7000 sf for LEASE at 53.90 psf neg Approx. 1350 to 14,381 sf for SALE at attractive price High low rise Fitted or Bare Immediate Occupation Lobby Frontage Sole Marketing Agent Agnes Heu 9686 6651 Greg Sim 9270 2570 SeHna Yap 9029 7207
      670 words
    • 506 10 hHwMaMrol The Companies Ad, Cap. 50 And In Ik* MuHqi of RHYMTECH ENGINEERING PTE LTD (In Cradfcors' Voluntary Liquidation) Al on Extraordinary General Mooting ol RHYMTECH ENGINEERING PTE LTD duly convened ond held at 190 Middle Road •1601 Fortune Centre, Singapore *****9 on 29th December 2003 the following Resolutions vwre
      506 words
    • 1399 10 Cmßoi CEREBOS PACIFIC UMITEO (Incorporated in Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting of the Company will be held at Grand Copthorne Waterfront Hotel, Level 3, Galleria Ballroom, 392 Havelock Road. Singapore *****3 on Monday, 26 January, 2004 at 2 p.m.
      1,399 words
    • 137 10 M Large Residential Site Near NUS Opposite NUS, near to Business/Science Parks Freehold Site Area: 142,565 sq ft Residential at PR 1.4, 5-storey, 150 units invitation for Expression of Interests Closing: luesday, 10 Feb 2004, 3pm ——i B.i ■■■■■•■■■■ycfxvffifi CAMBRIDGE £9^l Child Dr\r!>>finrnt Crntrc LCAXNIM* CINTM Looking for a proven
      137 words
    • 9 10 I C.A.T.S. 1 Buy It. Sell It. Find It.
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  • SINGAPORE news
    • 397 11 EMPLOYERS and unions leaders are ready to push for a more flexible wage system, according to Acting Manpower Minister Ng Eng Hen. 4 The Tripartite Taskforce 6n Wage Reform, set up to Accelerate wage reform, has fonducted seminars and talks to gather feedback from corporate
      397 words
    • 230 11 FROM July, Nanyang Technological University will offer 80 new engineering places in the country's first chemical and bio-molecular engineering undergraduate programme, and relax admission criteria for A-level graduates. Citing the need to support Singapore's biotechnology and chemical process engineering activities, NTU yesterday unveiled the fouryear
      230 words
    • 576 11  -  YESTERDAY IN PARLIAMENT It reveals Third Party Note on half-bridge sent earlier to KL By Chuang Peck Ming BILATERAL issues remain as Singapore prepares to welcome Abdullah Ahmad Badawi on his first visit as Malaysian Prime Minister and open a new chapter in
      576 words
    • IN Brief
      • 139 11 THE Inland Revenue Authority of Singapore has been going after 26,500 taxpayers for $76 million in unpaid taxes, but has recovered only $71,000 through New Singapore Shares and Economic Restructuring Shares trusts. Deputy Prime Minister Lee Hsien Loong told Parliament that Iras does
        139 words
      • 92 11 AN updated Trust Companies Act is due to come into force in the second half of the year. DPM Lee Hsien Loong said that the Finance Ministry and the Monetary Authority of Singapore were now reviewing the Act MAS will also take over the
        92 words
      • 75 11 DPM Lee Hsien Loong yesterday reiterated that the Finance Ministry will review quarterly reporting for small listed companies in mid-2006. Quarterly reporting has generally benefited investors because it helps them track the performance of listed companies easily, he said. Listed companies also have no problem with
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  • Page 11 Advertisements
    • 6 11 Lianhe Zaobao I I glitter I
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    • 86 11 f» '1P» ||pf' MfIHHHHHH g|?l fet If I 111 Bl I Bl I H ■WT- fl J __^^m ■BS& 5 IP JBH ■?S|BE» i >€iMM^^Bb i*~ I 6J A '.'.4&*if&i^^n^o*:-'r.'7?^M i in i MK t,, Mß *^^^^^^B l '"*^^'^H -~*r*<*<*«Mjrfli H-. -*f|fc_*atLr *STt <«.«_' MmMV II SZw *4r jßb ■B^^^jjf*'.»,,
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  • EDITORIAL & opinion
    • 784 12  -  THE bottom line OPINION harish mahta THE US$27 billion beef industry of the United States is in crisis. Nearly two dozen countries have banned imports of US beef suspected of being infected by the deadly mad cow disease. And the Bush administration
      784 words
    • 626 12 EDITORIAL POR Asian equity markets, 2003 was a year of two distinct halves. The first half was one which investors would rather forget Companies held back investments as profits fell, consumers cut back spending as jobs disappeared, and stocks tumbled to four-year lows as investor confidence
      626 words
    • 731 12 Its economic reliance shifts away from the West NYT (HONG KONG] When Sars spread in Hong Kong last spring, employees at Lee Fung China Ware, a large store selling porcelain, did not see a single overseas tourist for two months and sales
      NYT; REUTERS  -  731 words
    • 878 12  -  COMMENTARY By William Pesek The writer is a columnist for Bloomberg News. The opinions expressed are his own WHAT a difference a couple of years make in the currency markets. The once mighty dollar is now sliding; the once feeble euro is
      878 words
  • Page 12 Advertisements
    • 51 12 m OTHER WORDS 'Who could know people would travel thousands of kilometres to lie on the beach?' -CfamtitSribk a Thai farmer on Samui island, on land values as developers snap up land in Thailand to cash in on perceptions that the mostly Buddhist country is one of Asia's safest holiday
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  • Page 12 Miscellaneous
    • 231 12 CRYPTIC CROSSWORD 1 Deal with coaches missing one performance (8) 9 Implements it, unless I I o changes are made (8) —-L_J—— 10 Agree with argument against return of constabulary (6) Ts"~^^' 12 Strong tea brewed for this 13 Such a ham can be a weapViews as some--24 Can a
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  • REGIONAL news
    • 461 13 KUALA LUMPUR Thailand's TA Orange, Indonesia's Excelcomindo also plan IPOs this year Reuters TELEKOM Malaysia Bhd, tipped to launch a RM2.5 billion to RM3.5 billion (Ssl.l--1.6 billion) IPO for its mobile phone arm Celcom, has shortlisted six banks to advise on the
      Reuters  -  461 words
    • 310 13 KUALA LUMPUR Both sides have backed off from tough talk: report AFP OFFICIALS from Malaysia's budget airline Air Asia are to meet a senior minister over his accusations that advertisements promoting low-price tickets are "misleading", local media reported yesterday. In separate comments
      AFP  -  310 words
    • 174 13 KUALA LUMPUR AFP MOODY'S has assigned a "stable-to-positive" outlook for Malaysia's banking system, saying healthy fundamentals demonstrated its resilience in the face of last year's uncertainties over the outbreak of severe acute respiratory syndrome (Sars) and the Iraq war. The ratings agency said
      AFP  -  174 words
    • NOTE Book
      • 70 13 AFP [MAMLA] Philippine President Gloria Arroyo filed tor the May2oo4 polls yesterday, V wpri eihinUul reforms including a shift to a jhMMvy and federal form of government. Ms AmptpMpdtocrack down on corruption, drug ataat aai tarrortan while promoting economic isuovwj- She sought support for her
        AFP  -  70 words
      • 87 13 Bloomberg (HONG KONG] An arson attack on a subway train ta Hong Kong sent 14 people to hospital and disrupted operations at a main interchange for a half-hour. A man lit flammable materials in the first car of the train as it was
        Bloomberg  -  87 words
      • 67 13 AP (BANGKOK] Two bout* exploded yesterday in a southern Thai town, killing one policeman and htfurtng several people, police and a state-run news afsney said The blasts in Pattani occurred a day after unidentified n—wilnnts set fire to 21 schools and raided a military armoury,
        AP  -  67 words
    • 77 13 AFP [MADRAS] Thai tennis player Paradom Srichaphan preparing a dish of Chinese food at a promotional event for the Tata Open Tennis Championship in Madras, yesterday. Srichaphan is the defending champion of the Tata Open which has prize money totalling US$4OO,OOO. The Tata championship is the sole
      AFP  -  77 words
  • Page 13 Advertisements
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      247 words

  • Article, Illustration
    996 14 Transaction date: Jan 5 All series Ma > a yr, Short: 1-3 yrs; Long: > 3 yrs DfTE&BAinC CROSS RATES 1 yjyJBFSijy a$ c$ m mm mum v qm m tmpr «s on qm n«o m> AMrtf* 19M 139? 0J04 1M7 KM MMI 0J19 1132 2.911 LM6 ***** 42J43
    996 words
  • REGIONAL news
    • 317 14 BEIJING Move seen as another step to open country to outside world and attract more expertise AFP CHINA plans to issue "green cards", or long-term residence permits, this year to talented foreigners living in the country, exempting them from applying for visas,
      AFP  -  317 words
    • 260 14 HONG KONG Bloomberg HONG KONG property sales, mainly of apartments, rose in 2003 for the first time since 1997, as more people bought homes amid an economic rebound, data from the Land Registry shows. Sales of properties, including apartments, factories
      Bloomberg; AFP  -  260 words
    • 173 14 BEIJING AP CHINA says its politically sensitive trade surplus wfth the United States grew to ?a estimated U5553.2 billion .in the first 11 months of2ooo— A less than half the size of th 4 gap cited by Washington. The increase came as China's
      AP  -  173 words
  • 1237 14 STOOM FUTURES Jan 5 MMMtepW Qmh im, Op M Mb t— U» 5«« OmmD h—rwt F«bM -mm Mr04 ZNL2S $1 £5 Jm 04 221?5 ***04 ***** RSSOBcM**) (tOMM) Man* FM04 ***** ***** ***** 500 3400 ts S£ gg 53 sS S May 04 120L50 ***** 127.25 400 1825 JM
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  • Page 15 Advertisements
    • 226 15 Good Times Fly Save up to on ANA Economy Class when you fly JUUMaTriaiglelMn i.-v JAPAN "wm :.y Hr |H^L^jSy2" I l|^_ STOPOVER SINjGAPOR^^^ Att|l ANA ASIA TRIANGLE FARE fc xir^ Enjoy a tale of two cities with ANA's Asia Triangle Route—'Yorimichi'. MK What's more, Star Alliance members will benefit
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  • WORLD news
    • 552 15 NEW YORK SEC asks if brokers sold funds for their performance or for higher commissions LAT-WP IN a mutual fund scandal with so much wrongdoing that it's losing shock value, state and federal regulators are zeroing in on a practice that could prove to
      LAT-WP  -  552 words
    • 307 15 TOKYO AP JAPAN is finally emerging from a prolonged slowdown thanks to rising corporate profits, investment and write-offs of bad bank loans. Prime Minister Junichiro Koizumi said yesterday. "Japan's economy has strong underlying strength. It has potential energy," he said in a televised New
      AP  -  307 words
    • WORLD Watch
      • 112 15 Reuters [LONDON] Exchange-traded funds (ETF) saw assets under management jump by half last year amid the stock market rebound, with Europe the best performer, Morgan Stanley said yesterday. "They benefited from the market rally and scandals faced by traditional funds," Morgan Stanley said. The
        Reuters  -  112 words
      • 79 15 Reuters [SEOUL] Creditors of South Korea's largest credit card company torpedoed a US$4.2 billion rescue plan yesterday and urged the government to take a majority stake in LG Card Co, which warned it was running out of cash. "We can hang on until Wednesday, but
        Reuters  -  79 words
      • 60 15 Bloomberg [LONDON] JP Morgan Chase Co s buyout unit agreed to purchase London-based IMO Car Wash Group Ltd for £350 million (Ssl.l billion) from rival private equity firms. Operating 800 car washes across Europe. IMO is the world's largest conveyor car wash business, cleaning 35
        Bloomberg  -  60 words
      • 62 15 Reuters [BRUSSELS] Inflation in the euro zone eased slightly to 2.1 per cent in December, edging closer to the European Central Bank's 2 per cent tolerance threshold, data from the European Union's statistics office showed yesterday. In November inflation rose to 2.2 per cent from
        Reuters  -  62 words
    • 345 15 LATEST US DATA Reuters Bloomberg [WASHINGTON,] US construction spending boomed more than expected in November to a fresh record high, a government report showed yesterday as persistently low mortgage interest rates spurred an unprecedented rate of building. Overall construction spending jumped 1.2
      Reuters; Bloomberg; AFP  -  345 words
    • 152 15 DUBAI AFP A NEW audiotape attributed to Osama bin Laden warns Gulf monarchs of a similar fate suffered by captured Iraqi strongman Saddam Hussein, suggesting the Al-Qaeda leader is still alive and very much kicking. The purported voice of bin Laden, who now
      AFP  -  152 words
    • 599 17 NEW YORK Purchases fell to US$1.8b, the fourth straight yearly decline to 8-yr low Bloomberg US EXECUTIVES and officers cut purchases of shares in the companies they con- trol by 29 per cent last year to an eight-year low, while increasing
      Bloomberg  -  599 words
    • 449 17 WASHINGTON AP Bloomberg WITH inflation tame and the fragile job market healing, the Federal Reserve has room to hold a main short-term interest rate near rock-bottom levels for some time, a Fed policy-maker said on Sunday. The federal funds rate, the Fed's
      AP; Bloomberg  -  449 words

  • 4595 16 Transaction date: Jan 5 HONGKONG Vel HK Exchanges4Clearing 18 20 0 95 147% MM W- 080 HKRmtl -2J0 015 ***** H K and China Gas 11.75 -0 35 5992 AeonCrad* 5.15 unch 44 Hong Kong Electric 30.80 unch 2889 Aeon Stores 5.55 -0.15 50 Hongkong Chinese 1.10 0.07
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  • 2330 16 Transaction date: Jan 5 KUALA LUMPUR £mud» ~f* 2045 Vo i GanadCorp 1 70 0 05 43 •M room General Corp 0.S5 -0.01 97 General Soil 126 unch 0 A 4 M Realty 147 0 08 496 Genting.-™. 17 30 0.40 311 A&nc 087 001 102 George Ken* 1.15
    2,330 words
  • 837 16 Transaction date: Jan 5 —m ■> Omt Of 1 ttn Oaf Algraan SOc 0.41 1.1(0 *0.010 M1M SOc 0J7 2.140 *4010 Capttland IK 1.620 *0.0(0 OOC 145 12*00 *0.100 Chart SarmCond 2(c 149 1J00 OUC 047 7H» *0.100 CMyOavSOc 2-19 M00 *0250 Parkway M 25c 0.49 1.040 *0.040 ComtortDaigro
    837 words
  • 508 16 BONDS WARRANTS M M M Cam tarn "oS fiw'SS Cat* r M H| Uta *m- f) —1» OMa M| MM MMTIlMMUt B I] MS I H -1 130 5 W AOWIMWDH A5 -OS > 1 w Hi **mak MASOOIO 123 C J 1 Si 1X7 17 MO AfTnttronqMMOUO *5 OS
    508 words
  • Page 16 Advertisements

  • 6673 17 Transaction date: Jan 5 SHt Id LMt Vol Day UMQwtt G(fit* Mo GrVW MM MCjb ■»mt» Ci«p—y Sale W- rm NMi ie» —»«r 5e9er C"w w vJ 69.5 395 5(34 A-Sonic 5« i«h 3534 55.5 53 54 54.5 19.7 152.4 8 5300 ABNAmroNLG 5C( ...9 32.5 10 1500
    6,673 words
  • 65 17 SMft M Last V* Or) L1Q»«i GftM* Mr CrTM MM MCa h»i*»ci* ssca w- rw l— ae cw m >a 8780 2000 6065 DamonA US2060 2060 ***** 6095 ISOJUSTed) US3740 6097 IS MSG Spore USSSS 6101 ISSAP500 US8270 9650 9650 6170 STOKS US9650 1828 1230 6235 STIETT100 1827
    65 words
  • 1966 17 B4M M Lact Vei toy MQMl OOt» H* CrTM Nat MCa wm» I— ftfc gggj Ml w- gg U» Buyer Mg Cw Hi Wi 26 7 5 WOC ABR HldgsSc 18.5 -0.5 70 19 18.5 17 19 35.7 42 12.9 2101 APOiISc —33 *05 1263 34 325 325
    1,966 words
  • 330 17 sm* w \m M Day um&mm G#W« w» etw MM K> MWi I— C»4« r !■>!■! M> W- r»W| W» t— »*l Cm < W M 193 94 6000 AVJtmngsA2Sc A1S9 -1 75 190 188 188 190 40 8J 53 12 4066 6001 Oth»y Pk 20cHK720 *5 2.1
    330 words

  • FOCUS enterprise
    • 924 18  -  Neither the harsh Soviet winter nor volatile business conditions could stop Delta Exports' search for opportunities in steel, its director tells Chen Huifen Chen Huifen DELTA Exports director V Vasudevan's early trips to the former Soviet Union were unforgettable. "Especially during the winter," he recalls. "We had to
      CHRIS LOH  -  924 words
  • Page 18 Advertisements
    • 1284 18 {TC -k| FRASER AND NEAVE, LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Date: Thursday 29 January 2004 Place Level 2 Alexandra Point, 438 Alexandra Road. Singapore *****8 NOTICE IS HEREBY GIVEN that the 105tti Annual General Meeting of FRASER AND NEAVE. LIMITED will be held
      1,284 words

  • SHIPPING TIMES
    • 243 19 Reuters The Baltie Dry Index fell 4 points t*****, the Baltic Capes ize Index rose 8 points to 6919, the Baltic Panamax Index fell 10 points to 4457 and the Baltic Handymax Index fell 73 points to *****. Lowlands Prosperous (built 2001) *****9 dwt ivery Continent 1/5 January
      Reuters  -  243 words
    • 723 19  -  It's a race against time to complete security plans for 70 ports: minister By Beth Jinks [SINGAPORE] Australian ports and shipping groups are in danger of missing the mid-year deadline for compliance with the International Maritime Organisation's (IMO) International Ship and Port
      FILE PHOTO  -  723 words
    • 230 19 SGX '000 IMS »♦*-»«< choWoi 0J9 ooi saoa OaanHup OM 001 1293 CoriohwMbMnt—DM O01 ***** CWTDMrtxKian 057 OOI 19 bnHUa 1 jQ2 0.06 1«37 FMriKtXihi All unch 007 GOHoMngt 0.72 OOI 27 jMHohUngi- OM 005 627* KlVantur* 023 OOI 4945 Km* Cap 620 -0.10 1711 UfolMkW ft50 002
      230 words
    • 340 19 It will supply, operate self-discharging vessels for coal producer Arutmin Beth Jinks [SINGAPORE] Indonesia's booming coal production will be a focus of Singapore's industrial, marine and mining logistics group Sembawang Kimtrans Ltd (SKL), which has secured a $30 million contract to supply and operate a
      Beth Jinks  -  340 words
    • 501 19  -  Group to charge an extra US$25 per TEU container and US$150 per reefer By Beth Jinks [SINGAPORE] The world s second largest container maker, Singamas Container Holdings Ltd, is targeting sales surpassing 500,000 TEUs in 2004. The Singapore and Hong Kong listed group
      501 words
    • 106 19 Reuters [ALGIERS] Spanish and Algerian search teams on Sunday rescued the 12 crew members of a cargo ship which sank off the Algerian coast on Saturday, the official Algerian news agency APS said. It said the ship was carrying steel and sank in the Mediterranean
      Reuters  -  106 words
    • AVIATION news
      • 665 20 Strong currents and underwater canyons are hampering efforts AFP [SHARM EL-SHEIKH, Egypt] Rescue teams probing the plane crash in Egypt's Red Sea faced only a minor threat from sharks but a more daunting challenge from strong currents and underwater canyons. "We can't deny
        AFP; AP  -  665 words
    • 94 20 PAGE Austral Al 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 Crocodile Line ....4 CWT Globelink ...4 Del mas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans Hamburg Sud Hangli Heung-A IRISL Kyowa
      94 words
    • 7379 24 THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vniti Voyaga T»t«pr>on« ETA ETA Advartlsar VnNt Voyaga TrtjUoo. SIN Dast'n Nama Nam Numbar Numbar SIN Dastn Nam* N*™,, Numbar 06/02 17/02 IRISL CAPE FRIO PCLI022 65-*****144 •fc ABIDJAN (ABJ) 2003 Cota D'lvolra To DUNKIRK (DUK) 2117 Franc* 0/01 13/02 China Shpg AST
      7,379 words
    • SHIPS IN PORT
      • 820 25 Vwl Voy No Byth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ADVANCE PESC 8T J7/8 A/SIDE 06/01 1800 ASIAN ROSAU 03 J15 A/SIDE 06/01 0600 BAYSWATER228 E4013 J 3 A/SIDE 06/01 0230 CITRA LINE 1 JB4101 J7 A/SIDE 06/01 0300 CRYSTAL WAY 25 J5 A/SIDE 06/01 0600 FUJIGAWA 032C J12
        820 words
      • 1686 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing lln- Berth Name Voy Voy seq berthing Nmbr AO DAHLIA 071S 071S 1 0601/*****700 0601/2004-1430 P02 AOMBBKCM 087N 087H 1 0601/*****800 *****004-1730 T04 AOtMAMGOLO 008S 00BS 1 0501/*****7:30 0501/2004-2000 KM ANOA 4005 4006 1 0601/2004-09:00 0601/2004-1400 K23 AW
        1,686 words
      • 114 25 Jan 12 Japan: Adulthood Day. Jan 10 United States: Martin Luthei Birthday. Jan 22 Brunei: Lunar New Year. China: Lunar New Year. Malaysia: Lunar New Year. South Korea: Lunar Holiday. Taiwan: Lunar New Year. Vietnam: Lunar New Year. Singapore: Lunar New Year. Jan 23 China: Lunar Holiday. Malaysia:
        114 words
      • 815 25 THIS report, compiled by Cockett Marine OH Ltd. ihowi price ranges In US dollars instead of single prices for a more comprehensive description of the market. Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Banker Price Index change and the individual
        815 words
      • 535 25 Carta J— D«n»lty IHtor twlta AthAiywMw tatait «N/N Com ii/ri »»/v m/m m/m mm* iSO/Cim* LifflMs Spoc £25 991 10 HO 0.10 SO 0.10 IHC 635 991 U t0 C.« 10 0 W Norton Curopt 180 Am *07 o!t tU o!S 20 o!« IN Mu 990.1
        535 words
    • AIR & LAND transport
      • 695 26 They say it's a political move to force BA to accept onboard marshals AP AFP [WASHINGTON] Extra security checks again delayed a British Airways flight to Washington Dulles International Airport as the United States entered a third consecutive week on a
        AP; AFP; REUTERS  -  695 words
      • 271 26 Move to quell speculation that decision was wrong Bloomberg [LONDON] UK Transport Secretary Alistair Darling said the government had "good grounds" to ask British Airways Pic to cancel flights to Washington from London last week, quelling speculation the decision was a mistake. British Airways, Europe's biggest
        Bloomberg  -  271 words
      • 558 26 It plans to operate 70 aircraft by the end of the decade AFP [HANOl] Vietnam Airlines announced plans yesterday to double its fleet by 2010 in its rapid route expansion strategy and to establish itself as a major player in the regional aviation
        AFP; AFP FILE PHOTO  -  558 words
      • 263 26 AFP [DUBAI] Dubai Duty Free announced record sales of 1.37 billion dirhams (***** million) for 2003, a 24 per cent increase over the previous year. The airport showcase expects that the results will push its global airport retail ranking above its current
        AFP  -  263 words
      • 160 26 AFP [SHARM EL-SHEIKH, Egypt] Egyptian investigators yesterday homed in on the main wreckage of the Paris-bound charter plane that crashed at the weekend killing all 148 people on board, a French official said. Egypt's Civil Aviation Minister Ahmed Shafik, meanwhile, "categorically rejected" Swiss charges
        AFP  -  160 words
      • LOG Book
        • 148 26 Reuters [MADRID] Flights in Spain returned to normal on Sunday, the AENA airport authority said, after one day of industrial action by air traffic controllers at an airport outside Madrid caused widespread disruption. The action by air traffic controllers at the < Torrejon de Ardoz
          Reuters  -  148 words
        • 120 26 AFP [DHAKA] Pakistan International Airlines (PIA) resumed service to Bangladesh after a two-year ban was lifted on Pakistani flights entering Indian airspace, officials said on Sunday. The Pakistani state carrier would operate twice a week between Karachi and Dhaka, a civil aviation official said, adding
          AFP  -  120 words
        • 122 26 AFP [MUNICH] An Austria Airlines plane with 32 passengers on board made an emergency landing on open ground at Munich airport yesterday after the pilot reported an engine problem, police said. They said no one was hurt, although one person suffered shock, but all the
          AFP  -  122 words
      • 1809 26 cm rued n* awn era quid imp w maw tu maw n» fmim urn o*» urns ms •MM urnn 1245 5025 0*55 sua ms S0229 2245 IH77I HSO M730S 2300 1*7312 2250 *24*71 *50 0T5 2300 fB m» S***** 1650 UW7U UK S02J MM KLS3K) OKI
        1,809 words
  • Page 19 Advertisements
    • 423 19 5' plots' unSonbtols delays hi flights to US fleethlioioff PEOPLE NEPTUNE Orient Lines (NOL) has appointed New York-based business consultant Robert Holland to its board of directors. Mr Holland is a former president and chief executive of ice creanvmafcer Ben Jerry's, and recently served as chairman and CEO ULkaLQ|«Mt «»>
      423 words

  • Page 20 Advertisements
    • 560 20 IMPORT I O AUSTRALIA/NEW ZEALAND mnmmmm wwn iawum! tvooc«« ytccfl wnv I ifli ,ini ii ffSLiy—■ iii i' i 1 HP——bp—— wssa vot mk syd m am fm s« pte NonuonsomNavroN icwsi u/12 11/01 is/11 -tt= ttzt ~zzt~ nomuotbunuxin sowsi si/11 is/»i 20/01 tnnon at* is/u 17/11 11/11 si/11 omt
      560 words
    • 375 20 XtnjK •lin*&i«yit»ripr»»«ildby /ijJ9|Si Mwnbvt of the Ragirtry of J. Vm Singapore Stepping AMoaahon B" /vissa VOY Ett Ett Ett A P. KIAMG SPORE MALI Izumo 002W 06/01 20/01 Koto T»gap TGAOS3 "Tj/oT 22/01 Mold Corn* 744 18/01 20/01 29/01 LILY MARINE SERVKES PTI LTD "I 1 NORM MDQi ROAD, #21-10,
      375 words

  • Page 21 Advertisements
    • 1040 21 TO USA (SAX StRVKE) nga vot smi eta uut oai dai hou cm coi win mi ntc AWHOiUNO 12tt 07/01 22/01 24/01 17/01 27/01 27/01 27/01 27/01 30/01 30/01 AMBWUNP 1241 14/01 M/ 01 02/02 03/02 03/02 03/02 03/02 03/02 00/02 00/02 AH CANADA 11* 21/01 05/02 00/02 10/02 10/02
      1,040 words
    • 918 21 GENERAL AGENTS IN SINGAPORE 80 HOBMSON HO 112-00 SALES BKGS TH_ *****857/43 FAX: 6238 5327/24 COSTAR SHIPPING PTE LTD SINGAPORE *****6 OCTTWAfIDfIAJ *****802 6238 532*75 CRNO **********0 M TH_ 6226 1900 (MAIN) tNWAROJVO) 6420 5786 *****319/49 T/SHIP OEP 6420 5825 6238 53T6/46 COSTAR AGENQES {jUj SDN BHD TH.O7-3&3 8186 FAIO7-X3U7O
      918 words
    • 436 21 ncum 3150 20/i 21/1 23/1 \rmnm msa m 17/1 SAJUKN 403ll_ 27/1 21/1 30/1 NEW OYHAMIC j 052A WT 24/1 *VSt gfc(lioiliNor* tWtggy VESSEL VOY ntG SIX HKG SHA ttO HSI TP Jff china sm oi3t 11/1 12/1 lt/i 11/1 20/) 22/1 rarHwoct mss 14/] 120— MAKE THIAQUM 0131 11/1
      436 words

  • Page 22 Advertisements
    • 1113 22 R>l f\B|| mi AO HOUWH /»00IUWO>! H37T344 FAX: HMT4M l-«yULj Khl UCLIYIMw BocwronoiiwMTiowi immmt wuti —in mmmSmmmum mammmmmiomiiMA+mm jvissa vot j munu rotTßum mam mm mum 1 commit t™* 31 Wf IMI 11/01 ML.... '3/02 11/02 WW 31W H/01 20/01 OVW 17/ M 25/02 14/02 HlwJb OtowfY W VM ">W
      1,113 words
    • 458 22 BSA x MYANMA FIVE STAR LINE (MVMMT NMMmmI UM) f*r Yifw msa voy sm m m rot HPA-AM 31 SB SU PAGAN 323W SIB M MALAYSIA: MUSTEAD SNIPPING AMNCKS KUL 03-*****300 P*L 03-*****101 PEN: 04-2****** ACCIPTIWQ COWVEMTIOiAL CM msa voy Ms sin reu nu kmc IUtMESTAI 41 SU) SU) SU
      458 words

  • Page 23 Advertisements
    • 918 23 Ivtartt v6y khh I hk& I iiN Iwd I pxt Ito ipmm mk"! SIA NAVKfrATOt RCI4OIB SIOP 04/01 11/01 12/01 20/01 11/01 26/01 24/01 CAM FtlO RCL4OI9 SKV SKIP 11/01 lf/01 27/01 20/01 02/02 04/02 ■AN SATTAKI KUO2O SKIP SKIP 21/01 14/01 02/02 01/02 04/02 10/02 SEA NAVIGATOR RCUO2I SKIP
      918 words
    • 573 23 A V9I UK CONTINENT SERVICE Loadkigtor AS) RAT RTM/ATW/BMN/U K/NAN Loado Sngapora, E-/W. MdayM. IndoneM MIDDLE-EAST SERVICE Loading tor P LAMER DBI/ABU/DOH/BRN/DMM/KWT GRAIN TRADER JDH/AQA PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT VTC STAR DBI/ABU/DOH/BRN/DMM/KWT "LoacH Singapore, EVW. MMyn Indonoaia USA SERVICE Loading tor AVENTICUM CAM/NFK/SAV/NOL NENA F CAM/NFK/SAV/NOL MAUKKA NAREE VCW/LAX/MZL •Loads E7W.
      573 words
    • 501 23 vksb m an eai -ffisa m asaa ma —shs —W- M£ -as— aai wm- in 1 —diiii lii riryi um \m 11/01 ■^^^■VlTnVßVniVifn^H^^B SzJtdtJt ■MNIIJiIIINtHMip 11 —WE Bl! B ~M —iaP ™MMI mS\l fa iii 1 nmioM 014 mu>m rAcc/000 M/ 02 u/w_ 14/02 1 21/01 04/04 h/m for SOC/COC
      501 words


  • Page 25 Miscellaneous
    • 122 25 gSB|||B|BBSgEBBBBBBgBBg3r J\ji M^'/' X if fciL eq r >s i X 27J Nt^r Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols Showers G Full circle w/o line indicates calm or light and variable winds Rain One half fteche represents 5 knots Cloudy Day -*One full fleche represents 10
      122 words