The Business Times, 13 January 2004

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Total Pages: 24
1 24 The Business Times
  • 15 1 THE BUSINESS TIMES ;,iip://business-times.asial corn.sg SIN GAPORE TUESDAY, JANUARY 13, 2004 MTTA (P) 024/03/2003 85*
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  • 695 1  -  Strengthening industry recovery is giving a lift to S'pore operations of major players By Raju Chellam [SINGAPORE] The world's major chip makers, several of which have substantial operations in Singapore, are investing billions to ramp up their production capacities as the recovery in
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  • 69 1 □sn (-10.04) □STMocxpimim MM.00 (-20.00) niMM futures Mtn BO (-2.00) Monday Change KLSE COMP 823.68 -1.74 NIKKEI 225 CV»ed HANG SENG 13J5122 3358 SET INDEX 794.01 +1057 JAKARTA COMP —***** -11.19 MANILA COMP _1.501.02 -27.85 TAIPEI WPI 6jl9.71 111 SEOUL COMP 850.79 >552 SHENZHEN B ***** >1.12 AUSTALLORD —1308.70
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  • 78 1 ram rath USI M I'SS (SS per IT5S| 1.01 SS.'SS per Lb» a 131 LTHOfl'SS/SS/E) line 2.175 YEN 1064 CI IN) RM 1MK» li4» HKS ?70 4«tt HAHT JH*» MO I R1T1AH Mtt Oil RENMINBI W» 4909 INDIAN R1 TEE 4541 KM A$ 13* o:«t NZS I4«fl U}W7 PRIME
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  • 760 1  -  In latest tie-up, GIC buys 5% stake in UMW Holdings By Wong Wei Kong [SINGAPORE] Even as Singapore welcomed new Malaysian Prime Minister Abdullah Ahmad Badawi yesterday on his official visit to the Republic amid hopes of a fresh chapter in bilateral relations, corporate deals
    AP  -  760 words
  • 609 1 This follows PSA's push to ensure it doesn't lose more business [SINGAPORE] Malaysia's ports need to brace for heightened competition from Singapore, industry leaders across the Causeway warned in the wake of recent indications that PSA Corporation will compete on cost, productivity
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  • Page 1 Advertisements
    • 53 1 Capita Land targets 75% earnings from abroad Pg2 Food company has a lesson or two lor Singapore's budding entrepreneurs Pgl6 SSMC in USs22om output expansion, Pg 9 ********** 8 "SB? 81 1, *****4 11 i I (I r IHMI t n B 11 IH ulSiilflKl 111 11 _r ——I I
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    • 52 1 ROLEX -yw- "ISP'-A") i > "R Role* Day-Date and Rolex Datejust. Officially Certified Swiss Chronometers. www.rolex.com i THE HOURGLASS TAKASHIMAYA S C. TEL 6734 2420 RAFFLES HOTEL ARCADE TEL 6334 3241 LUCKY PLAZA TEL 6733 1262 SCOTTS S C. TEL 6235 7198 Ml LLENIA WALK TEL 6339 4870 PENINSULA PLAZA
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    • 11 1 All set for a new way to resolve issues, Pg 2
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  • NEXT page
    • 635 2  -  Both leaders agree to delink and end outstanding issues throught talks By Chuang Peck Ming ENGAPORE] Declaring a lire to move their relationship forward, Singapore and Malajgla agreed yesterday to delink and aid outstanding issues through talks and will turn to
      635 words
    • 661 2  -  High demand for space in project by S'pore-India JV Reports by Serena Ng in Bangalore SINGAPORE'S flagship investment in India the dollar International Tech Park in Banfelore will add a fifth Bidding at a cost of US$l5 million, as demand for
      ABDUL AZIZ HUSSIN/ST  -  661 words
    • 252 2 [BANGALORE] India's biggest software and consulting company, Tata Consultancy Services (TCS), plans soon to embark on a pilot programme with several global financial services companies that are willing to co-locate their mid- and back-office activities in Singapore and India. During
      252 words
    • 732 2  -  BT exclusive Markets like Dubai, China, India will help deliver this 5-year target By Kalpana Rashiwala [SINGAPORE] Liew Mun Leong is not content with having grown Capita Land's overseas income to 55 per cent of earnings from 20 per cent in 2001. He wants
      FILE PHOTO  -  732 words
  • Page 2 Advertisements
    • 71 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 10 ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T: +65 6635 3382 F: +65 6535 3991 E singaporeGocra.com.sg
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  • SINGAPORE companies
    • 478 3  -  Property revenue surge cushions revenue fall in cere operations By Wong Wei Kong MEDIA group Singapore Press Holdings beat market expectations yesterday when it reported quarterly results for the first time but it still warned of an uncertain outlook. SPH registered a
      478 words
    • 447 3  -  By Joyce Koh IT has been called many names from a lightweight to a cowboy. But yesterday, SBI E2-Capital Holdings stood its ground as a finance company to watch out for as it launched its initial public offering. The Sesdaq-bound company only the
      447 words
    • 538 4  -  It'll pump US$225m into submarine cable unit in deal with lenders By Tang Weng Fai SINGAPORE Telecommunications has agreed to pump US$225 million into C2C Pte Ltd as part of a debt restructuring to give its 59.5 per cent owned submarine cable subsidiary
      538 words
    • 610 4  -  HOCK lock siew vince chong BENEATH its nondescript and dull IT distribution and servicing business, ECS Holdings may offer more shine than meets the eye. With a market capitalisation of $150 million and a market share price of 40 cents, the
      610 words
    • 270 4  - Two more call warrants on SIA and DBS By Joyce Koh CALLS keep coming in and here are two more. Yesterday, DBS Bank unveiled an issue of 20 million call warrants on the stock of Singapore Airlines its second on the national carrier in less than a week. And Deutsche
      270 words
    • 380 4  -  By Kenneth Lim UEsriTE a siignt increase in earnings, ornamental fish supplier Qian Hu will recommend a one-for-five bonus share issue and a first and final cash dividend of 0.6 cents per share for the year ended Dec 31,2003. The breeder
      380 words
    • 1288 5  -  INSIDE MARKETS Several shareholders of newly listed Beauty China and Jackspeed cash out, says ROBERT HALILI ROBERT HALILI THE Straits Times Index continued to defy gravity with the index closing at a 34month high of 1,852.53 points last Friday, up by 5 per cent so
      1,288 words
    • COMPANYBriefs
      • 85 5 HUAN Hsin Holdings Ltd has incorporated a wholly-owned subsidiary in Shanghai known as China Huan Hsin Investment Co Ltd to bring direct holdings in some of the wholly-owned subsidiaries and associated companies operating in China under one roof. Huan Hsin will make certain
        85 words
      • 58 5 ARMSTRONG Industrial Corporation has incorporated a subsidiary, Armstrong Technology (Dalian) in China. With a registered capital of US$5OO,OOO, the unit will make and sell mechanical components catering to the growing demand in China. The investment will be funded through internal resources and is not expected to
        58 words
      • 45 5 TSIT Wing International Holdings said Nicholas Lai Tak Ning has resigned as the China general manager of the company's subsidiaries, namely Tsit Wing (China) Investment and Zhuhai Tsit Wing Food. Mr Lai's last employment day is Jan 16.
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      • 66 5 DBS AM (Cayman) Ltd, an indirect wholly-owned subsidiary of DBS Group Holdings, was voluntarily liquidated on Dec 23,2003. DBSAM (Cayman) Ltd was set up as an open-ended investment company with the aim of offering investors the opportunity to invest in the DBS Optimal Edge Fund. That fund
        66 words
      • 73 5 OCBC Securities says its indirect wholly-owned subsidiary in Hong Kong, OCBC Securities (Hong Kong) is ceasing business on Feb 9 because the majority of trades are now done online and there is no longer a need for a physical presence there, Channel News Asia
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    • 335 5  -  By Vince Chong KEEN golfers in Singapore can look forward to more high-end equipment brands this year as Transview Holdings aims to strengthen its hold on this niche market. "Our top seller is S-Yard, which has been the number one-selling high-end brand in
      335 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 564 5 i -41 <■ W» -*< t»» v I »>* ..»***> T-T- i r i Raffles Hotel invites you to experience 5 days of culinary brilliance with 6 renowned chefs, including 3-Michelin Star chefs Slbastien Bras and Christophe Michalak; outstanding vintages such as Champagne Krug, Chateau Palmer, and the very rare
      564 words

  • SINGAPORE markets
    • Article, Illustration
      599 6  -  Compiled by VEN SREENIVASAN MedMtog jm i2cM*sni7 WITH IP telephony making a transition into the mainstream of telecoms, a rerjigLjaarket of about US$46 billion its bJstnsfs. and is ori thilyWge of becoming profitable. Given thtfroepects, investors can get cheap earty exposure to VoIP by buying Mediaßing at these
      Source: Bloomberg  -  599 words
    • 302 6  -  HOT STOCK WARRANT By Ven Sreenivasan IS the potential impact of Air Ocean's decision to buy an established and profitable China-based logistics player finally sinking in? It seems so, judging by the manner in which the stock shot up 1.5 cents to close
      Source: Bloomberg  -  302 words
    • 609 6  -  BT comment STOCKS ven sreenivasan THE Singapore market yesterday broke an 11day winning streak as key index stocks took a breather after a weak Friday close on Wall Street. The Straits Times Index ended 10.04 points down at 1,842.49 as component stocks
      609 words
    • 624 6  -  BT comment CURRENCIES But local unit hits 11-year lows versus euro, sterling, A$, NZ$ larry wee THE US dollar sank to its lowest in almost four years against the Singapore dollar yesterday, tumbling to 551.6890 in Asian trading after an unexpectedly weak US
      Source: Reuters  -  624 words
    • TRADES TO WATCH
      • 86 6 CHEW Eu Hock, who became an executive director of construction group Wee Poh Holdings in October last year, sold 30 million shares in a married deal yesterday at two cents apiece. Mr Chew continues to control a 10 per cent stake in Wee
        86 words
      • 81 6 A DAY after Haw Par Corporation's former president and chief executive Hong Hai sold 38,000 shares in the healthcare and leisure group, executive director and chief operating officer Chng Hwee Hong last Friday exercised his options to buy 24,000 shares at $2.39 apiece. The move
        81 words
      • 117 6 A NON-EXECUTIVE director of interior fit-out company Design Studio Furniture Manufacturer, Ho Kai Hon, sold 4.2 million shares at 14 cents apiece yesterday on the open market, reducing his deemed stake in the mainboard-listed company to just 0.12 per cent from 2.12 per cent. Mr
        117 words
      • 137 6 DIRECTORS and substantial shareholders of mechanical and electrical engineering service provider Strike Engineering sold a total of 61.4 million shares, or 6.3 per cent of the company's share capital, in married deals yesterday. Managing director Yeo Jiew Yew reduced his stake to 5.07
        137 words
      • 63 6  -  Compiled by KENNETH LIM NEPTUNE Orient Lines executive director and chief financial officer Lim How Teck was awarded 150,000 shares on Dec 26 as part of the shipping group's performance share plan, raising the director's stake to 0.055 per cent from 0.044 per cent.
        63 words
    • Article, Illustration
      428 6 OTHER SINGAPORE INDICES Jan 12 VALUE CLOSE BTOttPS 579.00 -354.00 IT CADI -*****.00 -195.00 -*****.00 +58.00 OMtMlw 490.5fr -4.31 SCrirttnlhct 182.63 -1.37 SQCuMmFIn 1541.82 -1.56 SC CMMM Pt>» 458.24 -1.01 Ifflthnpw 223.98 -1.60 SMSCtFtfwM 224.50 -2.00 Stocks Votwma Celestial US6c 76.64i.CXXD Wee Poh 0.5c 46.313.000 MediaRing 10c 46.020,000 AirOcean 5c
      428 words

  • SMALLcaps
    • 930 7  -  While its future looks bright it faces risks like heavy reliance on beverage giants and fluctuations in raw material prices, says CHEN HUIFEN CHEN HUIFEN AS a newcomer on the Singapore Exchange, PET bottle maker Full Apex Holdings has proven to be resilient. From a
      FILE PHOTO  -  930 words
    • 423 7  -  By Teh Hooi Ling THE post one week has seen some sterling performance from a few small capitalisation stocks in our portfolio. Stocks like Unisteel, Total Automation and First Engineering put on double-digit gains. Thanks to them and along with other gainers
      423 words
  • Page 7 Advertisements
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    • 298 7 Good Times Fly Save up to Wk on ANA Economy Class when you fly JUM Ma TrtMfle iMtl 'jfnw f bib Ak ,>5f..: Hftu^jML. MP r mm J& m, ,p „.jßr Br mE >~ BF r fc tmiygl H^C .tf Business Class Economy Class Beijing fr. 553.720 fr. 552.160 ''r
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  • FOCUS property
    • 193 8 PROPERTY consultancy DTZ Debenham Tie Leung has promoted eight top-level staff, in the process beefing up its board with two associate directors. Another 31 mid-level staff were also promoted. In addition, the company has set up a new division, headed
      193 words
    • 609 8  -  Developer wants commitment from foreign parties before it will bid for site with partners, CEO tells Kalpana Rashiwala Kalpana Rashiwala CAPITALAND may bid for the mega Business and Financial Centre (BFC) site at Marina Bay but only if there is real
      FILE PHOTO  -  609 words
  • 3415 8 UNIT TRUSTS FUNDS com *><«« md» wi- 0.39& ■MILultfl Com Global Energy Inde Fd l 046. M 1JJJ Com Global VW Indo fd 0.84/ m r mn r ~T. < s P or *t Com S pore Bond Find/* 1 08* Star Ei*ope Eafct 0.77/ St* Enow Bail 1294/ CradH
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  • Page 8 Advertisements
    • 83 8 •WH a ll2HAi^^M FREEHOLD BRAND NEW AFFORDABLE TTITT^ITTTTTn'rnTrn Ample basement surface carparks [UllkltiH4l-l-t44t] 4.5 -6m ceiling height ""BBT F r~ Self-contained toilets m JP c 2x4 tonnes lift, floor loading 12.5 kN/m 2 fij Best for production warehouse office Jg§j|jL~ I T fp 8 Located off Woodlands Road, t near
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    • 169 8 SUNTEC TOWER ONE t£?'A Approx. 2700 to 7000 sf for LEASE at 53.90 psf neg Approx. 1350 to 14,381 sf for at attractive price H ow r se ■R2a*Saßl Fitted or Bare Immediate Occupation Lobby Frontage Sole Marketing Agent Agnes Heu 9686 6651 Greg Sim 9270 2570 Selina Yap 9029
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    • 61 8 51JOO CHIAT RD ASTRO HOTEL ■■■■■■■■H Tender closing: •Prominent facade [10 February 2004, Tuesday at 3 pm| Land. 7,629 SQ ft P l»n<l6f documents tnguihH plrmn catl •Gross Floor Area: 22,925 sq ft tsoCumenafteoq •68 ensuite guest rooms SSi If IS —W KTV and Lounge on Ist storey Dona2?Goh 6531
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  • SINGAPORE news
    • 333 9  -  EYE on the economy By Daniel Buenas THE volume of newspaper advertisements for executive jobs is picking up, according to data compiled by Singapore Press Holdings. The amount of advertising space for executive positions rose 13 per cent year on year
      Source: SPH  -  333 words
    • 494 9  -  BT exclusive Production will be raised to 33,000 200-mm equivalent wafers a month By Tang Weng Fai IN another sign of the quickening pace of the global semiconductor upturn, Systems on Silicon Manufacturing Co (SSMC) said it was expanding wafer output from its Singapore plant
      494 words
    • 374 9  -  He'll help recruit interested parties into the network By Chen Huifen MAJULAH Connection, a network for overseas Singaporeans, yesterday announced the appointment of former Finance minister Dr Richard Hu as the chairman of its board of trustees. Dr Hu's role will be to
      374 words
    • 398 9 BUOYED by the recent sales of boutique hotels Majestic and Dragon Inn, the owner of Astro Hotel has put the 68-room Joo Chiat Road development up for sale. But most market watchers believe the 99-year project will fetch only about $6.8-$7.2 million, which
      398 words
  • 1346 9 SIUUM FUTUEB8 Jan 12 HMlMmdMiirinil BS1(ScMfai/hD CtoM Mm Opt* Mo** tew Sett (to—«) Interest Feb 04 ***** Mar 04 ***** Apr 04 218.00 May 04 219.00 JM 04 219.75 Jal/Sap 04 ***** l$S 3(UScMtVkq) VofcMM Open Iff -fr m > 1 A A ■ORiR niftt low >tn (TOfwtsi inttrtsx
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  • EDITORIAL & opinion
    • 766 10  -  THE bottom line OPINION shada islam ITS already proving to be a tough New Year for the 25-nation EU. Having returned to work only a week or so ago, EU leaders have lost no time in resuming 2003's fierce battles over power, prestige
      766 words
    • 575 10 EDITORIAL JA S SINGAPORE'S economy begins to rev again, the news that HI H the Republic has again scored in a global "index of economic freedom" appears to provide encouraging evidence that the right things are being done to drive the recovery. But nagging questions
      575 words
    • 1317 10  -  Disparities in various methods of measurement are giving politicians unusual leeway to make conflicting claims By Louis Uohitelle NYT NO US economic statistic is watched more closely as a gauge of the economic recovery's staying power or of President George W
      NYT; REUTERS  -  1,317 words
    • 862 10  -  COMMENTARY The US is telling the IMF to stuff it and forging its own economic path By William Pesek Jr Bloomberg A JOKE is making the rounds among traders here in Asia: Mahathir Mohamad hasn't just gone mainstream, he's gone to Washington. The recently retired prime
      Bloomberg  -  862 words
  • Page 10 Advertisements
    • 74 10 Of OTHER WORDS 'Without the support of Pakistan, the Taleban cannot do anything.' Hjunid Karz&i the Afghan president, on whether the Taleban s resurgence there was due mainly to support from Pakistan or conditions in Afghanistan. They don't want us here, but they don't want us to leave either. That's
      74 words

  • REGIONAL news
    • 472 11  -  Ex-central bank head, ex-Ibra chief linked to 20.9t rupiah graft case From Shoeb Kagda in Jakarta INDONESIAN police will investigate two former top civil servants in connection with a 20.9 trillion rupiah (554.18 billion) corruption scandal, a move which financial experts dismissed as window-dressing by
      472 words
    • 267 11 KUALA LUMPUR It launches KL club that offers a range of VVIP services WANT a personal bodyguard or a butler when you stay in a five-star hotel on the outskirts of Kuala Lumpur? If the answer is yes, try the Dignitaries Club at the Palace of
      267 words
    • 224 11 KUALA LUMPUR Bloomberg MALAYSIA named former judge Dzaiddin Abdullah as chairman of the Kuala Lumpur Stock Exchange, as part of a management reorganisation, to run the exchange from March, according to a statement. It also named Yusli Mohamed Yusoff, a director
      Bloomberg  -  224 words
    • 341 11 HK newspaper reports fourth Sars case in Shenzhen Bloomberg, AP [HONG KONG] The World Health Organisation said it isn't getting enough information on Sars from the government of Guangdong, amid reports that the southern Chinese province has found the fourth suspected case since last
      Bloomberg,; AP; REUTERS  -  341 words
    • NOTEBook
      • 121 11 AFP [KUALA LUMPUR] Japanese electronics giant Matsushita Electric Industrial Co may shift its 14-year-old operations in Malaysia to neighbouring Thailand as part of its restructuring plan, a report said yesterday. Following the recent merger of its information equipment motor business with Minebea Co Ltd, Matsushita
        AFP  -  121 words
      • 130 11 Reuters [KUALA LUMPUR] Malaysia will keep a close watch on what is happening in the world's major economies to guard its own market against volatility as the US dollar continues its slide, the prime minister said yesterday. "We must always be alert,"
        Reuters  -  130 words
      • 130 11 Bloomberg [KUALA LUMPUR] Malaysia's distributors for vehicles made by Toyota Motor Corp and Mitsubishi Motors Corp raised prices by as much as a fifth, after the government amended its tax structure and imposed a new excise duty on all cars. DRB-Hicom Bhd, which sells Mitsubishi's
        Bloomberg  -  130 words
      • 70 11 Bloomberg [BEUING] Industrial and Commercial Bank of China, the nation's biggest lender, said it has no knowledge of a government plan to inject US$4O billion into the bank to help it reduce bad loans before selling shares to the public. "I am unaware of
        Bloomberg  -  70 words
      • 91 11 Reuters [MUMBAI] A leading economic think-tank raised its forecast for India's growth in the year to March 2004 to 8.2 per cent from 7.4 per cent on the back of a strong resurgence in the industry and services sectors. The upgrade by the
        Reuters  -  91 words
  • 1101 11 Transaction date: Jan 12 IMTBKBAMM CROSS EATBS US c$ Un m *0«i fcpMO 1m Wm M P$ PHh Mi tt fi ill 0*1 AatfraAa 0.908 4.455 0.605 6.038 ***** ***** 0428 9.M8 2.956 U40 44.695 42.992 L3« 1177 0.941 ***** ***** 0.420 1771 ClMda 1012 6.534 0412 6.H2 35.752
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  • Page 11 Advertisements
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  • REGIONAL news
    • 463 12 HONG KONG Their target is China Construction Bank, the nation's third-largest lender Bloomberg CITIGROUP Inc and Deutsche Bank AG may buy a stake in China Construction Bank, the nation's thirdlargest lender, to help win a role in arranging its US$5 billion overseas
      Bloomberg  -  463 words
    • 349 12 HYDERABAD, India Fighting backlash against outsourcing among key issues AP INDIA lobbied its neighbours and business rivals to jointly resist a backlash in the US and other developed nations over companies shifting software and customer service jobs to Asia. "This is a matter of
      AP; APT  -  349 words
    • 225 12 Reuters [BEIJING] China and the United States were set to start negotiations yesterday on textile quotas Washington has slapped on some Chinese knit fabrics, gowns and bras, the China Daily newspaper said. The US group, which arrived in Beijing on Saturday, had asked
      Reuters  -  225 words
  • Page 12 Advertisements
    • 2595 12 Miyoshi Precision Limited (incoipCT—a *y tm o< sngapon) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Miyoshi Precision Limited ("the Company") will be hetd at No 5 Second Chin Bee Road, Singapore *****2 on Thursday. 29 January 2004 at 2 00pm for the
      2,595 words
    • 731 12 Serial System Ltd (Incorporated in Singapore) MEBb NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Serial System Ltd (the "Shareholders") will be held at 11 Jalan Mesin. #06-00. Standard Industrial Building, Singapore *****3 on Friday, 30 January 2004 at 3.30
      731 words
    • 400 12 UNITED OVERSEAS BANK LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported loat, destroyed or rrmiaid:Name De Vaz Maurice *****26-5 87 -do- *****01-8 6 do *****57-6 11 Low Yew Loon *****28-2 62 do *****53-8 4 NOTICE IS HEREBY GIVEN that new share certificates win be
      400 words
    • 417 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF E I C ENGINEERING AND CONSTRUCTION PTE LTD (Memben' Voluntary liquidation) Al an Exlraordinory General Meeting of the Members of E A C ENGINEERING AND CONSTRUCTION PTE LTD, duly convened and held on 9 January 2004
      417 words

  • REGIONAL world
    • 603 13  -  Hollowing out of industrial base can create social and political tensions, analysts fear From Anthony Rowley in Tokyo THE "hollowing out" of Japan's industrial base is expected to gather pace this year as companies in key manufacturing sectors prepare to
      603 words
    • 406 13 SEOUL Rescuer KDB to sell company after it is stabilised Reuters STATE-RUN Korea Development Bank (KDB) will replace the management of LG Card soon after leading a US$4.5 billion rescue of the company, the country's largest credit card issuer. KDB stepped in
      Reuters; AP  -  406 words
    • 519 13  -  We're keen to restart WTO trade talks Swedish PM By Vikram Khanna SWEDEN is keen to re-start the multilateral trade talks under the auspices of the World Trade Organization (WTO), rather than pursue bilateral or regional free trade deals, Swedish Prime Minister Goran
      519 words
    • 314 13 BEIJING AFP CHINA will make a one-off revaluation of the yuan within the first quarter of the year and move to a trade-weighted basket of currencies to set its exchange rate by the second half, investment house Goldman Sachs said yesterday. The
      AFP  -  314 words
  • 4432 13 Transaction date: Jan 12 HONG KONG V«l HK Exchanges 8 Oe»mg 19 IS 0 45 107M MS W- KM HKftktfl 3.96 0.13 ***** HKvdOwuO* 11.70 0.05 7653 AeonCmft 5.10 -0.05 50 Hong Kong Electric .3090 030 5785 Aeon Store .5.35 -0.10 112 Hongkong Ovnew 1.0# -0.01 4648 Alpha
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  • WORLD news
    • WORLDWatch
      • 117 14 Bloomberg [MUNICH] Siemens AG, Germany's largest electronics company, is raising as much as 1.8 billion euros (553.9 billion) by selling half of its Infineon Technologies AG stake, taking advantage of the chipmaker's best annual share performance since a spinoff almost four years ago.
        Bloomberg  -  117 words
      • 122 14 Bloomberg [PARIS] Morgan Stanley SA gave investors biased advice and must pay LVMH Moet Hennessy Louis Vuitton SA 30 million euros (5565.2 million) in damages, a Paris court ruled. The luxury-goods makpr sought 100 million euros in damages from the US securities firm, alleging that its
        Bloomberg  -  122 words
      • 141 14 Reuters [NEW YORK] A Hollinger International Inc unit made US$3 million in bonus payments in December 2000 to former chairman Conrad Black (right) and two of the company's top executives, wiring the money to the Caribbean unit of a Canadian bank, the New York
        Reuters  -  141 words
      • 125 14 Reuttrs [NEW YORK] Charles Schwab Corp, the No 1 US discount brokerage, said yesterday it plans to list its common stock on the Nasdaq Stock Market, in addition to its current listing on the New York Stock Exchange, as part of a movement
        Reuttrs  -  125 words
    • 518 14 BASEL, Switzerland Global economic recovery will continne, say G-10 central bankers Reuters Bloomberg EUROPE views volatile and brutal currency movements as unwelcome, European Central Bank president Jean-Claude Trichet said yesterday. "We are concerned, we're not indifferent," he said at a press conference after a meeting
      Reuters; Bloomberg; AP  -  518 words
    • 416 14 PARMA, Italy Swedish MNC to probe claims of payoffs in return for deals NYT, Reuters THE former chief financial officer of Par malat, Fausto Tonna, has accused a supplier of paying millions of euros to the Tanzi family, which controlled Parmalat, a
      NYT,; Reuters  -  416 words
    • 570 15 LONDON Koeĺick promises mend ties with enveloping world and plans to write t all WTO members Reuters HOLDING out the promise tlfet the US would try to mend relations with developing countries, US Trade Representative Robert Zoelltek has urged members of pie World
      Reuters; AFP  -  570 words
    • 260 15 Reuters [LONDON] Fund managers expect stock markets to continue to recover this year although returns will be muted after a strong run-up through the previous year, according to data published yesterday. Stocks globally should return around 8 per cent in nominal terms
      Reuters  -  260 words
  • 2098 14 Transaction date: Jan 12 KUALA LUMPUR !ffl 3 m w roan) General Soil 1-26 unch 0 Genting 18.00 0.30 666 ABMRealty 160 0.01 571 Ge<ygeKec«__ 1.18 -0.01 141 abnr .0.92 undi 0 GlobetroriicsTetti 7.30 -0.10 76 ACP Industrie! JOB -004 320 Glomac3hd 393 -0.02 442 Advance Synergy .0.42 -0.01
    2,098 words
  • 461 14 BONDS WARRANTS M w M cm to *aS tw-ti a* Mi (1 »M VM ASTtWDOU' M 5 29S1 1 W -7 147 4 »J AoiaUdMftMIIIC 04 i**T< UK 50 «B Iflfll 10 m AmaMwofosio ws 1 i i« n ■D Aina0on«lMMK2O U -05 IS 1 *0 2*1 4 mm tauMMou
    461 words
  • 791 14 Transaction date: Jan 12 1 O— a—n 9iMt—» 1 On O—f Mnv»c 040 1150 -0040 NrtSMl SOt 0 J7 2 HO *>UL*nd VI* 1.630 OCK 9.52 12.500 *0100 Chart SanaCond 2tc 1.49 1920 -0X110 OUt 0M 7 050 -0050 Oty Dav50c 122 6.550 *0050 hrtnn H 25c 049 1AM
    791 words
  • Page 14 Miscellaneous
    • 287 14 CRYPTIC CROSSWORD r* 6 Author of "Dorian" will, iM"" j|j|H said, have an ego (4) s—^^^ 9 First sample is missing, but I I I I J I I I I I I I I 1 1 10 Malts more thoroughly mixed 12 Such people are always try--13 Rodent the
      287 words

  • 6356 15 Transaction date: Jan 12 O-Mt M lal M hf lIQaa* GrOfc ot* CrtU M MCjb i»U»IKi Cgg Mi W- gg I— 8»yar Safcr Cw Ht hJ HS SO A-Sonic 52 i«h 2742 54 513 52 52.5 1« 146-7 S 5300 ABNAmroNLG 56c 9 12 3.4 1383 325 10
    6,356 words
  • 70 15 n* M UM M Oqr 11IH MN> Mr CftW MM MCja I—I U» C«<» o—m—l Ml W- fW| I—I 11 —>» Cw HI >3 8710 2000 6065 Damon* US2060 2120 ***** 6095 IS DJ US Tech US3740 6097 ISMSdSpoic -UBS5 6101 ISS4PS00 US8270 9650 9650 6170 S«>«S— US9650
    70 words
  • 1823 15 M Lart ¥al Day HWQ—« ClOlir Mr CUM Rat MCja Sfejwttfc ciim Mi w- gg u» Mg cw wt w 26 7.5 5000 ABRHWgsSc 195 > 91 42 121 2101 APCMSc 315 -1 174 32 31 31 315 21 *26 33 134 332 465 10 1501 ASAaMO 10c
    1,823 words
  • 339 15 tum M Last Day U*Q—i «ttv Ot» ttVM M HQs m+ i— Ca+ ri I I s«t» w- rawi w» i— w* Cw m IB W 6000 AVJcmnpA25c A1C7 -1 17 188 117 IK 1H 40 8 8 5.3 7.1 40B5 6001 Cathay Pat 20c HK720 265 11
    339 words

  • FOCUS enterprise
    • 1072 16  -  Taila Krishnakumar finds out why the food company diversified into consumer electronics and healthcare, and its expansion plans Taila Krishnakumar WHY would an established food company venture into something as disparate as consumer electronics? Call it ambition, gumption or sheer business sense. "When I
      1,072 words
  • Page 16 Advertisements
    • 208 16 Take a break on us! a Fly return Business Class on Air New Zealand now gj? and enjoy a night in a luxurious suite on the sunny r® H HFJHH I air new Zealand I 'Airfare Terms A Conditions Travel Period 20 January to 15 July 2004. Book and ticket
      208 words
    • 63 16 MIRCHI taste of india North Indian cuisine The Esplanade Lunch P—l 12noon 2.45pm SSls.9o+++ SSl7.9o+++ Pliwr 6pm 11pm A Special Express Theater Menu available (6pm Bpm) For reservation please call us at: Tel: (65) 6334 5590 Fax: (65) 6334 5591 8 Raffles Avenue #02-23 Esplanade Mall Singapore *****2 Enjoy free
      63 words
    • 0 16
      0 words
    • 115 16 •ffiXftl Si Qui In In IrsUirui Have A Prosperous Start To The Year Of The Monkey 12 |wity 5 February Carry on the tradition of feasting and gathering with our traditional Family Reunion Wining Set Menus at Si Chuan Dou Hua Restaurant. Prices range from $496 to $1218 inclusive of
      115 words
    • 228 16 Milestones 1940 Goh Joo Hft founded by Goh YeowGek (father of Goh Kai Kia who is currently Yie company's chairman). IMS Goh Joo Hki transformed to Goh Joo Hin Pte Lid. Goh Kei Km appointed company chairman. Goh Kai Kti appointed CEO. 1900 The company's flagship brand "New Moon' abalone
      228 words

  • SHIPPING TIMES
    • 272 17 SGX '000 la* 12 g W- Vo4 CH Offshore 038 -001 1151 Chum Hup 0.48 -0.01 1008 COKO Nnmlillit 0.65 -0.01 3475 CWT Distribution 0.55 -001 23 EzraHUgi 1.11 -0.02 110 FremhtUnta 0.14 0.01 3165 G8 Holdings 0.71 -001 68 0.83 -0.03 984 Kf Venture 052 -001 1677
      272 words
    • 244 17 Reuters THE Baltic Dry Index rose 145 points to 5046, the Baltic Capesize Index rose 208 points to 7349, the Baltic Panamax Index rose 208 points to 4861 and the Baltic Handymax Index rose 192 points to *****. IXM&CBAVIBb Johnny K (built 1994) *****9 dwt delivery Xingang 15/17
      Reuters  -  244 words
    • 865 17  -  Successful bidder will have to ran existing terminal and develop India's first container hub By George Joseph [SINGAPORE] The on and off plans for the building of a container transhipment terminal at India's Kochi (Cochin) port is on again, but this
      865 words
    • 379 17  -  Unit of Marshall Islands ship registry expanding in region By George Joseph [SINGAPORE] International Registries (Far East) Ltd, the Asian unit of the administrator of the Marshall Islands ship registry, has opened a branch office in Singapore, adding to the growing number of branch offices
      379 words
    • PORTShots
      • 67 17 Bloomberg [SEOUL] Hyundai Heavy Industries Co, the world's biggest shipbuilder, and its affiliate won an order to build five container ships from South Korea's Hanjin Shipping Co for US$34B million. Hyundai Heavy will build three container vessels that can carry 6,500 standard 20-foot containers and
        Bloomberg  -  67 words
      • 72 17 Bloomberg [SHANGHAI] Shanghai Zhenhua Port Machinery Co, the world's biggest maker of container cranes, said profit last year probably rose by more than half. The company did not provide any figures in its statement to the Shanghai stock exchange. Net income in 2002 dropped 28
        Bloomberg  -  72 words
      • 90 17 Bloomberg [OSLO] Aker Kvaerner, a Norwegian offshore services and engineering company, said it won a contract worth US$2l million to conduct a preliminary study for a concrete liquefied natural gas terminal in the North Adriatic Sea. The planned terminal will get LNG shipped mainly from
        Bloomberg  -  90 words
    • 376 17 It is getting ready in anticipation of huge vehicle exports from China Bloomberg [TOKYO] Nippon Yusen KK (NYK), Japan's largest shipping line, plans to expand its port loading operations in China as automakers including Toyota Motor Corp and Honda Motor Co start to export vehicles
      Bloomberg  -  376 words
    • 185 17 Xinhua [YANGON] Myanmar and Thailand will start building a deep seaport at Dawei, southern Myanmar's Tanintharyi division, later this month under an economic cooperation strategy (ECS) of Cambodia, Laos, Myanmar and Thailand, the local Business Tank reported in its latest issue. The agreement
      Xinhua  -  185 words
    • MARITIME incidents
      • 956 18  -  To avoid human error in maritime incidents, 'hardware' such as safety equipment and 'software' such as training and safety procedures are necessary, says Nick Sanson Nick Sansom [SINGAPORE] THE scale and frequency of major maritime incidents has long been a concern to ship operators and
        AFP  -  956 words
    • 106 18 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 CWT Globelink 4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A 3 IRISl
      106 words
    • 6592 22 THEBUSINESSTIMES EXPORT ETA ha Advartisar VhM Vov«g* Talaphona CTA tTA Advarttsar Vats* Voyaga Talaphona SIN OMt'n N«m« Nam* Numbar Number SIN DMt'n Nam* Nam* Numbar Numbar MRBMMNMNNNNItttS m mmm HmNHOOm IMMMMIIW 30/01 15/02 Dal mat GHANA STAR I 011W 45-*****344 Tb ABIDJAN (ABJ) 2003 C»t« D'lvolr* (*A)2 11/02
      6,592 words
    • SHIPS IN PORT
      • 529 23 V——< Voy No Bfth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E4019 J3 A/SIDE 13/01 0230 BINTANJAYA BJ0405 J12 A/SIDE 13/01 0045 CITRA LINE 1 JB4103 J8 A/SIDE 13/01 0400 CSAV MANZAN *****S J18/19 A/SIDE 13/01 0800 GANT PROSPER APN1 J6 A/SIDE 13/01 1500 GR FESTIVAL 78A J23 A/SIDE
        529 words
      • 1670 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Mi Berthing Un- Berth Neme Voy Voy seq berthing Nmbr ACX DAHLIA 071N 071N 1 1301/2004-08:00 1301/2004-18JQ T07 ACX MARGUERI 026S 026S 1 13^)1/2004-11 1301/2004-21 JO T03 ACX RAFFLES 086S 086S 1 1301/2004-07:00 1301/2004-18:45 P04 ALEN YA1017 YA1017 1 1601/*****7:00
        1,670 words
      • 534 23 Carte* Jan 8 Density Water htHw AstiAJu»i»iMi Sedtwent «N/N tin* Mn V/V M/M »MAI WW —t»W ISO/CIimc Limits Spec E25 991 10 tt!o 3!io 80 S!io Iptt C35 991 10 18.0 0.15 80 0.W Northern Europe 180 Am 900.4 0.1 11.9 0.04 20 0.02 180 Mai
        534 words
      • 131 23 Jan 19 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. Indonesia: Chinese New Year. Thailand: Chinese New Year. Jan 23 China:
        131 words
      • 798 23 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized item Market movements are indicated. The Cockett Bunker Price Index change and
        798 words
    • AIR & LAND transport
      • 358 24 New computerised prescreening system, will evaluate domestic flight passengers NYT [WASHINGTON] Stymied by the domestic airlines in trying to test a massive new computer system meant to identify people who are risks to civil aviation, the government is thinking of
        NYT; AP  -  358 words
      • 246 24 Bloomberg [SINGAPORE] Global passenger air traffic will probably rise 4 per cent this year as demand for travel recovers from the impact of the Iraq war, Sars and slowing economies last year, the United Nations' civil aviation authority said. Airlines
        Bloomberg  -  246 words
      • 282 24 Reuters [HONG KONG] China is considering setting up lowcost airlines to serve its fastgrowing domestic market, the South China Morning Post reported yesterday. "It seems some companies (want to do it) and they have made some moves. I think there's room for a
        Reuters; FILE PHOTO  -  282 words
      • 136 24 AFP [SINGAPORE] Singapore Airlines (SIA) said yesterday it will begin flying to the southern Chinese city of Shenzhen from Friday as it aims to capitalise on the booming business centres of the Pearl River Delta. The airline said in a statement the return service will
        AFP  -  136 words
      • 269 24 Move to compete with Orient Thai Airlines and other discount airlines Bloomberg [BANGKOK] Thai Airways International, the country's biggest carrier, cut fares on most domestic routes by up to 40 per cent to compete with Orient Thai Airlines and other discount airlines.
        Bloomberg; AFP  -  269 words
      • LOGBook
        • 33 24 AFP [BANGKOK] Thai Airways International will suspend its thrice-weekly flights from Zurich to Geneva from Feb 1 as the route is unprofitable, the national carrier said yesterday. —AFP
          AFP  -  33 words
        • 105 24 AP [LONDON] Belgian carrier VLM Airlines increased its London to Brussels flight frequency from yesterday. The airline will operate eight return flights each weekday between London City Airport and the Belgian capital, compared with the existing five. VLM, which began flying on the route in
          AP  -  105 words
        • 100 24 Reuters [WELLINGTON] New Zealand's Wellington International Airport Ltd named Simon Draper its new chief executive, majority owner Infratil Ltd said yesterday. Mr Draper had been general manager, commercial at Integral Energy, one of Australia's largest electricity retailers and distributors, after a stint as chief executive of
          Reuters  -  100 words
      • 1988 24 cm RIGHT CT* FUGHT HO CH404 1350 EJU31 0300 mm* imm ae »340 *45 so428 232s S0229 2245 *****1 IA7382 2250 MM UWTtt 0*55 IHW5 M2S 0FS2 2250 $025 0655 ***** M25 1 i) H 5023 0630 6*974 OHO *50 8*7305 2300 *1837 1535 S***** 2150
        1,988 words
  • Page 17 Advertisements
    • 405 17 US turns to Europe to test plane security system BACKPAGE TIIAI aiJa Jn n mJLm m Imaa i nai cuts flomesuc tares BACKPAGE people HHIHI Mtk* Barclay group. has been named chief Englishman, Mr Barclay. Singapore isSlA's Airlines 1 (SIA) former regional carrier, I general He takes manager in over
      405 words

  • Page 18 Advertisements
    • 596 18 IMPORT NORTH AMERICA |[~|C AUSTRAUA/NEW ZEALAND lm i i i IT=I ViSSB VOT M STD H Ml Rf SM PW nonumiowioM J4wsi 11/11 u/oi 10/01 mmmmmnmm mm »/»i om mamm <" u n/n MTIPVM 42N OMT 12/01 14/91 14/11 M/ 01 M/ 0 1 17/01 p*o nbuoto HourauM ltwoz 14/01
      596 words
    • 382 18 Lines service* represented by Members of foßegitfry of is=rs noaoor Accredited Shipping Agents, Singapore Shipping Association ULY UMi mu" rasa voy in Ett 1 I mmb sfoti mm 1 Kotafagop TGAOS3 12/01 22/01 Mold Comer 744 22/01 20/01 29/01 J Princess Lily 0104 30/01 01/02 09/02 LAY MAMNi SMS PTi
      382 words

  • Page 19 Advertisements
    • 967 19 M TO USA (SAX SERVICE) Ivissa VOY |SI ETA iAX 1 OAK DAI IhOU CHI IcOt 1 AH I MTC nn nfflfinr H4i 114/01 I w/ti I oi/w 103/w I 03/02 03/02 1 03/02 m/w I 04/02 04/n ti Unmmm 1 iiu 1 fi/oi I 10/02 1 5/o? 1 m/w
      967 words
    • 921 19 GENERAL AGENTS IN SINGAPORE 60 ROBINSON RO *12-00 SALES BKQS TEL 6420 5857 /<3 fitt 5238 532T/24 COSTAR SHIPPING PTE LTD SMGAPORE *****6 OUTWARD (BAJ 6420 5802 6236 532*75 I CflNO **********0 M TG. *****900 (MAIN) INWARDfVO) 6420 5786 6238 S3TS/48 rr. r T/SH«P DEP *****825 *****376/46 re CONVENTIONAL *****860
      921 words
    • 404 19 SflUM 402N I 27/1 21/1 30/1 NEW DYNAMIC 052A 22/1 1 24/j 1 HOiKIS I Dim 1 1/7 I 4/? 4/7 I fBTTW ItlDGt 044A I »/l I 31/1 •c*iia-*tf— -vadhiwiiiwiitWBUM Vtssa VOY TO Sin HKG SHA UP HSK Ba|m TP JKT china sm iULJJZL JM_.M_Jia_JS£_J2£_ M Jg Ufl !#j_
      404 words

  • Page 20 Advertisements
    • 1039 20 UA6 nuuw/»ootnmMitnrru*wmMM74Ml-MAJL;ouwtimM.coiiL-UCLIVIAO 00CUNWNTilTI0iMmnMEI10«M< M3MM7 MX; naaom msrnssssmm vcsa vot smunu ranaum umvw I mm i mom amuarr 3m n/o) w\ mm m. A/www HywdaOBOMO MW 2t/0' W l IP I -»M «/03 77/D1 Sfgfe 3tHW MM "03/07 11/0? I 02/03 j 04/03 M/ 03 HywUiHy—» 341W 01/0? 10/0? WO? I
      1,039 words
    • 473 20 BSA x o MYANMA AH FIVE STAR UNE (Mmmt Notioooi Um) LooAof for Yagoa vtssa vor sm m rai raw HPA-AN 31SW SU PAGAN MJW SU IN MALAYSIA: lOUSTIAO SHIPPING AGtNCIIS KUL OS-*****300 PIL 01-117*4101 nt 04-*****02 A* C3SSE39EB Mtk ACCEPTIH COiVHTIOiAL C>o vtssa vor hig sin rati m nc
      473 words

  • Page 21 Advertisements
    • 1033 21 Ivntti VOY khh hk6 I iiw I m I px» I »a» dm* mk UA NAVtOATOR PCLBOII SKIP 06/01 11/01 11/01 20/01 11/01 14/01 14/01 CAN mo KUOI9 SKIP SKIP U/01 19/01 17/01 M/ 01 01/01 04/01 MAM SATTARI PCL4O2O SKIP SKIP 13/01 14/01 01/01 01/01 04/01 10/01 SIA NAVIGATOR
      1,033 words
    • 617 21 UK CONTINENT SERVICE LoeSngtor AStRAT RTM/ATW/BMNAJK/NAN Loads EVW. MslaysMi mdcnsM MIDDLE-EAST SERVICE Loading tor GRAIN TRADER JDH/AQA PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT VTC STAR DBI/ABU/DOH/BRN/DMM/KWT Toads Sngapora. E7W Malaysia. Indonasta USA SERVICE Ijoadlria tor AVENTICUM CAM/NFK/SAV/NOC NENA F CAM/N F K/SAV/NOL MAUKKA NAREE VCW/LAX/MZL AUTO BULK CAM/NFK/SAV/NOC •Loads E7W. Mdaysia. In don—
      617 words
    • 617 21 JBSft m m m josu ai jd mum mm tm eszu— tm hjj it/ii -mum 111 m m\ 11/91 mil uzu_Zs3p: MCMMM 1170H 11/01 11/01 -HUIUI BUM UM IZZU PXMMM iiTii— mj 13/01 AtW*TA? __UZil_ ?l/fl piriiiM ma. u/ii is/pi HUMMPA mw 15/01 u/01 wum I »i?4?i Z jy/Qi z
      617 words

  • Page 22 Advertisements
    • 32 22 New Zealand's only multipurpose shipping 1 company is now offering weekly sailings to New Zealand ports for both container 4c breakbulk requirements. Jm to Page Sof Shipping Tarn for more dekik J
      32 words

  • Page 23 Miscellaneous
    • 123 23 93 M y^Ciit^^ 'Jr *3r i mr EO/ ~W P^^ssss 1 s<^jr Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents
      123 words