The Business Times, 5 February 2004

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Total Pages: 24
1 24 The Business Times
  • 15 1 THE BUSINESS TIMES 85C MTTA (P) 024/03/2003 SINGAPORE Internet: http://business-times.asial .com.sg THURSDAY, FEBRUARY 5, 2004
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  • 569 1  -  'Mr Yen' warns that Japan must eventually give up dollar intervention From Anthony Rowley in Tokyo JAPAN'S policy of propping up the sinking dollar is unlikely to receive support from the G-7 finance ministers meeting in Florida tomorrow which means Japan
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  • 76 1 STI 1,834.64 (-10.49) ST INDEX FUTURES 1*832.00 (-800) SIMSCI 224.09 (-1.19) SIMSCI FUTURES ***** (-1.70) Wednesday Change KLSECOMP .804.83 -14.11 NIKKEI 225 10,447.25 -194.67 HANG SENG 13,086.73 -3.28 SET INDEX 718.06 +18.11 .JAKARTA COMP 730J28 -0.04 MANILA COMP 1,441.12 —+3.45 TAIPEI WPI _6.241.39 -10.84 SEOUL COMP 8:1550 -4.37 SHENZHEN
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  • 73 1 FOREX RATES U8$ 8$ l!SS (S$ per USS) 1.695 S(i:SS/SS per 1.836 3.112 ElIRO(l!S$/SS/E). 1254 2.125 YEN 105.4 62.20 RM 3.800 2243 HK$ 7.776 4.589 BAHT 39.09 2:1.07 R1PIAH 8,433 4,976 RENMINBI 8.299 4.898 INDIAN RUPEE 45.30 26.73 A$ 1.311 0.774 NZS 1.474 0.870. PRIME RATES SINGAPORE. 5.25 MALAYSIA
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  • 517 1  -  No details given on agreement arising from building's tilt By Vince Chong [SINGAPORE] A year after a $320 million, 30-storey building at 3 Church Street was found to be tilting, its joint owners have finally hammered out a settlement with main contractor Samsung
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  • 746 1  -  US$150b in new investments; long-term growth at stake From Shoeb Kagda in Jakarta INDONESIA needs to create a much more busi-ness-friendly environment if the country hopes to attract the US$l5O billion in new infrastructure investments it sorely needs over the next
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  • Page 1 Advertisements
    • 144 1 INSIDE DOOFIGHT ■Vu combative chief Michael O'Leary _,f«\ (aS COMMENTARY 4 KTf f some listed firms not equal in the f;,' M:*. i' —f—-———i—<——2.——i REUTERS L.U.C A proud watchmaking tradition L.U.C Quattro. Chronometer, 4 spring barrels, 9'h-day power-reserve. The LU.C collection is exclusively available at selected watch specialists and Chopard
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  • NEXT page
    • ON THE grapevine
      • 204 2 IN the BT newsroom, we get press releases on just about every topic under the sun, and in all forms, shapes and sizes. Still, this will be hard to beat: "Master the art of spoon bending using only the power of your mind!", kicks off the press
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      • 78 2 COLIN Ng Partners has hired Peter Mitchell as senior foreign legal adviser to head the firm's newly formed Australian practice group, which will concentrate on Singapore-Australia and China-Australia investment links. Mr Mitchell, an Australian lawyer with over 20 years experience, will also be supporting Colin Ng Partners' existing
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    • 589 2  -  Bat pace of growth slows; electronics index dips sharper 3 points to 52.9 By Anna Teo [SINGAPORE] The purchasing managers' index (PMI) stayed on the expansion track for an eighth straight month in January, though the growth pace slowed marginally
      Source: BT N  -  589 words
    • 646 2  -  From Eddie Toh in Kuala Lumpur POLITICAL analysts have given the thumbs-up to Malaysian Prime Minister Abdullah Ahmad Badawi's first three months in office, but they are suspending judgment on his political star ahead of his next big tests control of
      MIEL/ST  -  646 words
    • 624 2  -  But new fixed asset investment in sector down 9.3% By Tang Weng Fai [SINGAPORE] The multibillion dollar electronics sector that anchors overall manufacturing in Singapore grew 5.5 per cent in output last year to $62.2 billion, and the Economic Development Board
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  • Page 2 Advertisements
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    • 21 2 Recruit the one you want for any position you have Call 1800 289 8822 or email reaVit@sph.Com.sg for your recruitment solutions
      21 words

  • SINGAPORE
    • 582 3  -  HOCK lock siew wong wei kong DOHS investing in a foreign company listed on the Singapore Exchange (S(JX) carry more risk than putting money in a homebased outfit? Investment bankers and brokers with stocks to sell would like to say
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    • 476 3  -  Hopes of freight rate increases and pick-up in offshore work boost shares By Ven Sreenivasan A TIDE of positive newsflows and optimism about business prospects continue to keep shipping stocks buoyant. Most of the eight listed shipping stocks rose yesterday. boosted by expectations
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    • 638 3  -  But slowdown in second half of month causes concern By Kenneth Lim SHARPLY reversing the downtrend of the previous two months. Singapore's market turnover more than doubled in January from December both in volume and value terms although a slowdown in the
      Compiled by BT  -  638 words
    • 451 3  -  By Joyce Koh BANKINCi stocks did not faro well on the local bourse yesterday as it faced a sector downgrade amidst fears that the market liquidity hehind their recent rallies was drying up. DBS and United Overseas Hank were among losers on the
      451 words
    • 584 4  -  Excluding exceptional items, growth is still a strong 34% By Joyce Koh SEMBCORP Logistics met its strong-growth target for 2003, posting a 193 per cent rise in full-year net earnings to $90.6 million. The jump takes into consideration exceptional items. In FY2002,
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    • 251 4 SEMBCORP Logistics yesterday said it has reached a settlement with KPMG Consulting in relation to the fraudulent overstatement of SembLog India's profits between 2000 and the first quarter of 2003. SembLog said in a press statement that "a review of the accounting records
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    • 258 4  -  By Teh Shi Ning AQUA-TERRA Supply Co, which distributes consumable products to companies in the oil-and-gas, mining, hardware and marine sectors, yesterday lodged a preliminary prospectus with the Monetary Authority of Singapore for a listing on Sesdaq. Company chairman Tan Kim Seng
      258 words
    • 369 4  -  H1 margins narrow as distribution expenses jump 162% By Andrea Tan HOME furnishings retailer Aussino Group recorded a 72 per cent jump in interim sales to $45.1 million although this was at the expense of thinner margins. Net profit for
      FILE PHOTO  -  369 words
    • 227 4  -  By Uma Shankari CRANE and infrastructure equipment rental company Tat Hong Holdings said yesterday it will place out 50 million new shares at 56 cents apiece. The new shares represent 12.5 per cent of the company's present issued share capital.
      227 words
    • 232 4 CHINA Food Industries became the latest food company to reassure shareholders that the bird flu is no reason to take flight. In a statement to the Singapore Exchange yesterday, China Food said it has no poultry operations in Shandong, and that its frozen food distribution business
      232 words
    • 737 5 Rise in offshore earnings, especially from Australia, seen poshing net income to $516m Bloomberg SINGAPORE Telecommunications Ltd (Sing Tel), the largest phone company in South-east Asia, may report a profit hike of 74 per cent for its fiscal third quarter, driven
      Bloomberg; Source: Bloomberg  -  737 words
    • 279 5 RATING Agency Malaysia (RAM) has reaffirmed the ratings of United Overseas Bank (Malaysia) Bhd (UOBM), a unit of Singapore's United Overseas Bank (UOB). The long-term and shortterm ratings of AAI and PI, respectively, were maintained, with a stable outlook. "The ratings reflect the bank's sound
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    • COMPANY Briefs
      • 29 5 VENTURE Corp said it has appointed chief executive Wong Ngit Liong as chairman to succeed the late Gopala Achuta Menon, who died last December.
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      • 78 5 SINGAPORE Technologies Engineering (STE) said chief financial officer Kuah Boon Wee will resign with effect from April 1. He is resigning to pursue his own interests, said a company spokesman. Raphael Chin Shau Heung, the financial controller of the company, will assume Mr
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      • 66 5 JAPAN Asia said its chief financial officer, Christina Chia Sow Kin, resigned with effect from Jan 30. Coming on board is Teh Siew Fong, who joined as group financial controller on Jan 15. Ms Teh was an audit principal at Ernst Young Singapore's global financial services
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      • 85 5 SEMBAWANG Kimtrans has formed a joint-venture company with Entebe Exim Pte Ltd, a unit of Indonesia-based PT Mitra Bahtera Segarasejati, to provide logistics services to coalmines in Indonesia and the region. Sembawang Kimtrans will control 60 per cent of the new company, Mega Bara Logistics
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      • 90 5 EZRA Holdings Limited has entered into a joint-venture agreement yesterday with Sisma Holdings Sdn Bhd to co-own offshore support vessels to tap into the lucrative offshore support services business in Malaysia. The joint-venture company, in line with Ezra's strategy to expand its business in
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      • 39 5 JURONG Technologies Industrial Corporation Ltd has incorporated a wholly owned subsidiary, Jurong Hi-Tech Industries Pte Ltd, to make printed circuit board assembly. The authorised capital is $50 million, comprising 50 million ordinary shares of $1 each.
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  • Page 3 Advertisements
    • 113 3 r x vi v.'> v V /U >, n-U! r Esplanade Presents v. J* v_ i V. V. I Iw'vil il, 'v. v L V iI i} Jv I i" I. v jIH j£ CENTRE ARTISTIC DIRE CTCM ELVIRA ANDRFS Il< ki ISS iO vio si() si,', s;;o, Mon |X||S|k*
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  • Page 4 Advertisements
    • 1738 4 Notices In The Matter Of The Companies Act, Cap. 50 And In The Matter Of L W HOLDINGS PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up At an l:\traordinar) General Meeting of the Members of the abovenamed Company duly convened and held at 14 Jalan Abdullah Bangsar ***** Kuala
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    • 392 4 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF JURONG DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Members of the abovenamed
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  • Page 5 Advertisements
    • 10 5 V LONDON jjj The Paragon 01-42. Ngee Ann City 01-08
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    • 365 5 I (Zj/ e^n B your car? 1 1 Call our C.A.T.S. hotline cats. at 1800-289-9988. Buy It. Sell It. Find It. O I Retail Forum 2004 The Department of Real Estate, NUS is proud to organize an executive forum focusing on the most dynamic sector of the property market in
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  • SINGAPORE markets
    • Article, Illustration
      643 6  -  Compiled by VEN SREENIVASAN Singapore Telecom Feb 4 dosing: $2.06 WE expect a good third quarter, driven by Optus (rising margins and As) and associates (up 52 per cent year-on-year). We project revenue of 552.98 billion (up 14 per cent y-o-y), Ebitda of 551.13 billion (up 20 per
      Source: Bloomberg  -  643 words
    • 289 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE stock of precision plastic components specialist Fu Yu Manufacturing edged 1.5 cents higher to 88 cents yesterday on active trading with some 11.2 million units changing hands. Yet the counter is still below its
      Source: Bloomberg  -  289 words
    • 504 6  -  BT comment STOCKS r. sivanithy A DOWNGRADE of the banking sector, an upgrade of the shipping sector and a selected play on recent small-cap listings were the main features of interest yesterday in a volatile mixed-to-weak session, as stocks struggled for
      Source: Bloomberg  -  504 words
    • 628 6  -  But Asian units seen holding up well against any US$ bounce BT comment CURRENCIES larry wee JITTERS ahead of the G-7 finance ministers' meeting starting tomorrow confined trading to a narrow range yesterday, though North Asian currencies looked bestpositioned to weather any post-meeting bounce
      Source: Reuters  -  628 words
    • TRADES TO WATCH
      • 87 6 US bank J P Morgan Chase Co, a substantial shareholder of mainboard-listed TPV Technology, last week pared its stake in the computer monitor maker to 8.98 per cent from 10.14 per cent. The 15.7 million shares were sold in the open market at undisclosed prices.
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      • 39 6 SEMBCORP Logistics director Prof Wee Chow Hou sold 10,000 Sing Tel shares at $2.07 apiece on Tuesday. Prof Wee now directly holds 73,200 shares. Sing Tel closed at $2.08 yesterday, up one cent.
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      • 108 6 THE top siblings at aircraft-parts and shelter-ven-tilation component supplier TPA Strategic Holdings sold a total of five million shares in the open market yesterday and on Tuesday. Chief executive Chan Nyuk Lin (above) sold three million shares at 27 cents yesterday, paring his direct
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      • 72 6  - JMH raises Cycle Carriage stake Compiled by KENNETH LIM JARDINE Matheson Holdings (JMH) has raised its controlling stake in Jardine Cycle Carriage by acquiring 9.3 million shares in a married trade carried out through Jardine Strategic Malaysian Investments. The deal has lifted Jardine Matheson's total deemed stake to 56.27 per
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    • Article, Illustration
      440 6 OTHER SINGAPORE INDICES Feb 4 VALUE CLOSE BTOB/OS -219.00 -137.00 BTCADI -*****.00 -66.00 BT 10-day MA ******.00 21.00 AH-SG Equities 494.27 -1.13 SGEquities Elect 184.82 -0.01 SGEquttksFin 1536.55 -15.07 KEqjWesPrap 462.62 -0.41 SIMSCI 224.09 -1.19 SiMSCI Futures 223.20 -1.70 Stock* Votare Cosco Corp 20c 68,108,000 Speedy-Tech 5c 57,321,000 AEM-Evertech 5c
      440 words

  • BLUE chips
    • 955 7  -  Property laggard Allgreen is being held back by uncertainty over its major shareholders' plans, says WONG WEI KONG WONG WEI KONG Demand and supply factors, as well as the direction in which prices are heading and the positioning of individual developers, are usually what investors consider
      Source: Bloomberg  -  955 words
  • Article, Illustration
    1093 7 Transaction date: Feb 4 All-series: Maturities > a yr; Short 1-3 yrs. Long: > 3 yrs DITERBAMK CROSS RATES *S C$ Bmk Euro HK$ tad 8s Kupiah Yen Won PM KZS P»fc Rs Peso S$ Rand Sfr HT$ Baht Pound US$ Australia 1.023 6.328 0.608 5.929 34.540 64.302 0.804
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  • Page 7 Advertisements
    • 126 7 I Barbados opens an I I Honorary Consulate I I The Government of Barbados has officially opened an Honorary 1 Consulate in Singapore and has appointed Mr Michael Shone as the I Honorary Consul with effect from 10th January 2004. 1 B mM I The Consulate will handle all matters
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  • EXECUTIVE suite
    • 647 8  -  Its Fraser serviced residence arm is managing its maiden project in Thailand. VINCE CHONG reports VINCE CHONG CENTREPOINT Properties has added the hotel sector to its portfolio, with serviced residence arm Fraser having embarked on its first hotel management project in Petchaburi, Thailand. Besides serviced
      647 words
    • 507 8  -  GARDENER'S log By Thien PATIENCE (invariably) pays. Ending a long, two-year drought, our Heliconia vellerigera is finally flowering amid the incessant January rain. It is an event that has helped cheer us somewhat during this dismal wet season. This was actually our second attempt at
      THIEN  -  507 words
  • 3527 8 UNIT TRUSTS FUNDS Comment!** Asset Mot Com Global Finance Index Fd 0.979/ MiiimmAmiMK'xni Com Global lifestyle Index Fd 0.96V mro I s f! ""S* I s P"**' Com Global Health Index M 0 904/ Star Europe EqV 0752 Com Global Telecom Index Fd 051)/ Star Europe Bond 25W Co(n Gkjbal
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  • Page 8 Advertisements
    • 214 8 1 I -WS- 825 TO 831 MOUNTBATTEN 5 MOUNTBATTEN RD EAST COAST RD 1 l "sr ROAD I cm, ®K5" Land Area: 20,624 sq ft H amber rd marine parade rd freehold; Cul-de-sac cm>o%a* UJJ* Residential plot rato 1.4, up east coast expressway 5 storeys •*-Toc«r BmtomtPmk Toow»• Possible to
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    • 99 8 Cdl*Mw 1800 28* 8822 mimj-' IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF T. HASEGAWA CO. (S.E. ASIA) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed
      99 words
    • 29 8 of raffles <to 0/l •sr V UmM M Flexible Sizes J fromi 000sf B te X to 9,000 sf **»im n a *q»" Commercial 6531 8672 HHM 8666 HM
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    • 78 8 100 CECIL STREET H|in 15-storey commercial building with 1 n basement car park Prominent frontage at junction of Cecil Street and Boon Tat Street sq Net Floor Area: 38,982 sq ft Short Walk to Raffles Place MRT I Expression of interest by 11 th February 2004 (Wednesday) Sole Marketing Agent
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  • SINGAPORE news
    • 237 9 Reuters [HONG KONG] Dutch banking and insurance group ING said yesterday that it is in talks to sell its Asian equities business to Macquarie Bank, giving the Australian investment bank a footprint in 10 countries in the region. The two companies said in a
      Reuters  -  237 words
    • 359 9  -  EYE on the economy business sentiment By Chuang Peck Ming BUSINESS sentiment among Japanese companies operating in Singapore and Malaysia was more upbeat in December than that among Japanese companies in the rest of Asia, according to the latest survey by the Japan External
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    • 274 9 POULTRY will be removed from all farms and residences in Pulau Übin by tomorrow to reduce the risk of bird flu affecting Singapore, said the Agri-Food Veterinary Authority (AVA) yesterday. AVA had earlier offered to buy poultry from farms and households for
      FILE PHOTO  -  274 words
    • 757 9  -  BT exclusive Management can boost or break a person's zest for his job By Joyce Koh "LAST year, the best-selling book in Korea was 'Who Moved My Cheese?' The best-selling book in China was 'Whose Cheese To Move?' The bestselling book in Singapore, however,
      757 words
  • 1603 9 SICOM FUTURES Feb 4 RUBBER Futures (Closing prices) RSS1 (S centsAg) Close Volume Open Month High Low Sett (tonnes) Interest Mar 04 214.00 Apr 04 216.50 May 04 217.50 Jun 04 218^5 Jul/Sep 04 219.50 Oct/Dec 04 221.25 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
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  • EDITORIAL & opinion
    • 754 10  -  THE bottom line OPINION david mason THE report of the inquiry by Lord Hutton into the circumstances surrounding the death of Dr David Kelly was eagerly awaited in Britain. In the six months since it was commissioned, it has been built
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    • 109 10 'For the most recently arrived, I'm speaking here of Islam. Secularism is a chance, the chance to be a religion of France.' Jean-Pierre Raffarin the French prime minister, on a draft law that would ban from schools religious symbols, including the Muslim headscarf, the Jewish skullcap and
      109 words
    • 591 10 Rebuilding Iraq a long haul EDITORIAL WHILE the intelligence Washington used to justify invading Saddam Hussein's Iraq lies in tatters, at least the country' reconstruction projects are falling into place. Under the US$18.6 billion earmarked by the United States, some 2,300 projects are currently being tendered in infrastructure, water supply,
      591 words
    • 875 10  -  The faltering EU economy requires the bloc's nations to take unpopular steps today or face hugely unpopular consequences tomorrow By Robert J Samuelson The Washington Post Writers Group LET'S be clear. If Europe's economy were healthy, it would grow about 4 per cent
      The Washington Post Writers Group; AFP  -  875 words
    • 542 10  -  COMMENTARY His fears about the US and Chinese economic 'bubbles' may be prescient By William Pesek Jr Bloomberg GEORGE Soros gets lots of headlines, as might anyone who once made US$l billion betting against the British pound and got called a "moron" by a Malaysian prime minister.
      Bloomberg  -  542 words
  • Page 10 Miscellaneous
    • 217 10 CRYPTIC CROSSWORD sparkling (8) partment while conscious (8) (5) 31 Impassive team-leader of 12 Exercise in a vigorous, ener- vccTconAvcc/Mimnu hefty frame (6) geticway(3) YESTERDAY S SOLUTION □OWN 15 Put some hours by for recre- Across: 7 Faultless, 8 Homer, 1 Fellow left with long side of afon (5,4) 10
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  • Page 11 Advertisements
    • 2563 11 CHENAB INVESTMENTS LTD (Incorporated in the Republic of Singapore) Directors: Ng Hon Wai Registered Office: 133 New Bridge Road Marini Martin Vincent #15-04 Chinatown Point Singapore *****3 5 February 2004 To: The holders of the Bonds (as defined below) of Chenab Investments Ltd CHENAB INVESTMENTS LTD (THE "COMPANY") 5560.000.000 FIXED
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    • 2565 11 CHENAB INVESTMENTS LTD (Incorporated in the Republic of Singapore) Directors: NgHonWai Registered Office: 133 New Bridge Road Marini Martin Vincent 15-04 Chinatown Point Singapore *****3 5 February 2004 To The holders of the Bonds (as defined below) of Chenab Investments Ltd CHENAB INVESTMENTS LTD (THE "COMPANY") SSI 25.000.000 FIXED RATE
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  • REGIONAL news
    • 636 12 HONG KONG Audit report will cool investor interest in China IPOs, say analysts Reuters CHINA Life Insurance Co Ltd, which sold the world's largest IPO at US$3.5 billion last year, yesterday said that state auditors uncovered accounting irregularities at its predecessor company, a
      Reuters  -  636 words
    • 405 12  -  From Diana Oon Abdullah in Kuala Lumpur STRONG demand for electronics, palm oil and petroleum pushed up Malaysia's exports in December by an unexpected 36 per cent year-on-year to RM38.8 billion (5517.3 billion), outpacing even the most optimistic forecasts and almost doubling consensus
      405 words
    • 415 12 Thailand mulls retaliation over EU, Japan chicken bans Reuters AFP [HANOI] The human death toll from Asia's bird flu outbreak rose to 15 yesterday as a Vietnamese woman died from the highly infectious virus that is ravaging poultry flocks
      Reuters; AFP  -  415 words
    • 416 12 KUALA LUMPUR His company to develop industrial park, says paper HALIM Saad former "golden boy" of infrastructure conglomerate Renong may be about to make a comeback in the corporate arena after working behind the scenes and travelling extensively in and out of
      NSTP FILE PHOTO  -  416 words
    • 166 12 MUMBAI AFP A BRITISH official told industrialists in Mumbai on Tuesday that his government did not plan barriers against competition from India, amid concern in the West at the growing outsourcing wave. "We are not going to put up barriers to protect
      AFP  -  166 words
    • NOTE Book
      • 97 12 Reuters [BEIJING] China is cracking down on shady land transactions, ordering officials to stop taking bribes and pledging more transparency, state media said yesterday. The moves come after official investigations into a series of scandals linked to the booming property industry. The Ministry of
        Reuters  -  97 words
      • 98 12 AFP [JAKARTA] Indonesia's highest court said yesterday it had reached agreement about a top politician's appeal against a three-year jail sentence for corruption but would only announce its decision next week. A panel of Supreme Court judges met for two hours yesterday to decide
        AFP  -  98 words
      • 76 12 AP [BEIJING] China's largest online gaming company said yesterday it had appointed the head of Microsoft China as its new president. Tang Jun replaces Chen Tianqiao as president of Shanda Networking. Mr Chen will remain chairman and chief executive officer. Mr Tang, who worked for Microsoft
        AP  -  76 words
      • 72 12 AP [JAKARTA] The number of tourists visiting Indonesia fell sharply last year due to terrorism fears, the Sars epidemic, and the US-led invasion of Iraq, the government's statistical bureau said yesterday. A total of 3.69 million tourists arrived in Indonesia during 2003, the Central
        AP  -  72 words
  • Page 12 Advertisements
    • 88 12 Where to wine, dine and entertain... h-' A World of Exclusive Privileges Treats 7 HHHHB WWW-dinerSXOIILSg buematianaT Raw Fish «Yu Sheng' With Siamese Fins' Thai Royal Chinese New Year Set Menu (Only THIS Feb *04) i Choice of 10 Set Menus. Each a food connoisseur's Siamese fins' renown Thai-Teochew fusion.
      88 words
    • 50 12 Asian A La Carte Buffet r I J I Savour the best of Asian cuisine at Captain's Table a la carte buffet special. Try more than 40 varieties of delicious dishes from around the region. Monday to Friday: Dinner Weekends Public Holidays: Lunch Dinner $22.80++ per adult; $16++ per child
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    • 125 12 PLAZA PARKROYAL Say Yes To Dream Spring Wedding Show 7 February 2004 Ipm to spm Tying the knot? loin us at our Latest Fashion Show presented by Bridal Concept Boutique and check out special wedding packages from $510 nett per table. Free flow of beer Is Included. 0% interest -free
      125 words
    • 21 12 A #4??* cjp, i, Z7 U/> in II in, ,v r THE HI SINHSSTIMES ..'IF h,lii'i<:i! I'll >.< i( iy<l<itl\ i /«</7v
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    • 42 12 MERITUS MANDARIN SINGAPORE [BKH UHHbD Acrobatic Troupe 6 Jan 5 Feb 2004 Lunch Show: 12:30 pm Dinner Show: 8:30 pm Reservations: 6224 3203 B AJJSIum CatyrQumy MEmUS MANDARIN tutu 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
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  • WORLD news
    • 741 13 Hitachi returns to the black, Tyco post 23% rise in Q1 net, ABN Amro reports record Q4 earnings Reuters AP AFP 1 [CHICAGO] Cisco Systems Inc, the world's largest maker of equipment that directs traffic, on Tuesday posted a lower Quarterly
      Reuters; AP; AFP  -  741 words
    • 435 13 NYT [ST LOUIS] John Kerry swept up five victories in the seven-state nominating contest on Tuesday, a giant stride toward the Democratic presidential nomination, but John Edwards and Wesley Clark slowed the frontrunner's momentum with primary victories of their own. The veteran
      NYT; REUTERS  -  435 words
    • 410 13 NEW YORK Reuters Bloomberg AP THE US services industry forged ahead at a record pace in January, outstripping expectations for a more modest expansion, but job creation faltered, according to a report released yesterday. The Institute for Supply Management said its seven-year-old index
      Reuters; Bloomberg; AP  -  410 words
    • WORLD Watch
      • 85 13 [NEW YORK] A former executive at Canadian Imperial Bank of Commerce was arrested on Tuesday and faces charges from both New York state and federal authorities for helping various hedge funds gain financing to make illegal mutual fund trades, reported the Financial Times. Paul Flynn,
        85 words
      • 96 13 AFP [STOCKHOLM] Two former Ericsson top executives are being investigated for alleged tax fraud and could go to prison if guilty, Swedish daily Dagens Nyheter reported yesterday. The Swedish National Economic Crimes Bureau has launched an inquiry into alleged "obstruction of tax audits" by ex-chief
        AFP  -  96 words
      • 69 13 Reuters [BANGALORE] US investment bank Goldman Sachs is setting up a back-office support centre in Bangalore, where it expects to employ about 250 people by the end of this year, a spokesman said. In full-page newspaper advertisements yesterday, Goldman said it was looking
        Reuters  -  69 words
    • 253 14 WASHINGTON Reuters US market regulators are considering changing a rule that requires securities traders to get the best price for customer orders, no matter where they find it, said sources familiar with the matter on Tuesday. As part of a package of market
      Reuters  -  253 words
    • 281 14 WASHINGTON Excess resources will ease pressure on inflation AFP A SENIOR Federal Reserve official, Michael Moskow, predicted on Tuesday the US economy would beat private forecasts of 4 per cent growth in 2004 without a substantial rise in inflation. "The consensus of
      AFP  -  281 words
    • 672 14 AMSTERDAM Sales topped 510m units in 2003 and will exceed 560m units this year Reuters GLOBAL sales of mobile phones exceeded even the most bullish expectations in 2003 and market researchers say the handset industry will enjoy an even better 2004 as
      Reuters; FILE PHOTO  -  672 words
    • 314 14 NEW YORK 'Winning' to be published in 2005 by HarperCollins AP JACK Welch, the former General Electric boss and author of the best-selling Jack: Straight From the Gut, is writing a how-to book for business people. Winning will be published by HarperCollins
      AP  -  314 words
  • 4827 13 Transaction date: Feb 4 HONGKONG v«i HK Exchanges Clearing. 19.00 -0.35 4663 HK$ '000 HKR Int'l 3.23 0.08 ***** HK and China Gas 12.55 unch 6808 AeonCredit 5.55 0.25 31 Hong Kong Electric 31.50 0.20 2053 Aeon Stores 6.10 -0.05 74 Hongkong Chinese 1.06 0.02 1770 Alpha General
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  • 2428 14 Transaction date:Feb 4 KITAT,A TJTMPTTR GanadCorp 1.56 unch 0 rvuALHLumruK VoJ Genera Cc £p 0.53 -0.02 179 RM COOO) General Soil 1.26 unch 0 Genting 16.40 -0.40 2086 ASM Realty 1.75 -0 05 167 George Kent 1.15 undi 35 Aboc 0.92 unch 0 G tobetronics Tech— 6.75 420 72
    2,428 words
  • 809 14 Transaction date: Feb 4 Stock MM UK QOM SlMfclMM Wt Qui Qmmp§ AUgreen 50c 0J9 1.120 -0.020 NatSteel 50c 0.37 2.180 +0.020 CapitaLand 1.22 1.690 *0.050 OCBC 848 12.400 ***** Chart SamiCond 26c 1.42 1.720 -0.040 OOt 0.45 6.900 City Dev 50c 2.21 6.500 -0.150 Parkway H 25c 0.48
    809 words
  • 679 14 BONDS WARRANTS Tal Last Vol Com Exor Code Company Solo *or- COOP) katio Prico log loft 3698 AST1W*****1. 38.5 -2.5 35 1 16 1.42 3697 Acma Ltd W*****6 .0.5 1 50 432 19.00 9 3602 Amtek W*****0 110 1 33 1.30 16 3603 Armstrong W*****0 .6.5 0.5 454 1 10
    679 words

  • BizIT
    • 729 15  -  IT comment INFOTECH It needs to keep a lookout for what IBM is doing in order to prosper and survive amit roy choudhury IN this season of Lo Hei lunches and dinners to usher in the Year of the Monkey, hopes
      729 words
    • 285 15 Reuters [SAN FRANCISCO] Oracle Corp on Tuesday lowered the price of its new entrylevel Oracle lOg database software in a move to curb Microsoft Corp's predominance in the fast-growing small- and medium-busi-ness marketplace. Oracle lOg is designed to allow companies to use multiple
      Reuters  -  285 words
    • 578 16  -  Details on $700m budget will help industry players plan sales. Tang Weng Fai reports Tang Weng Fai IT'S been speculated on, and yesterday the Infoc o m m Development Authority of Singapore (IDA) released the information for the first time and industry
      FILE PHOTO  -  578 words
    • 556 16 Sales hit US$166.4b as demand for electronics rises Reuters (AMSTERDAM] Worldwide computer chip sales grew 18.3 per cent in 2003 as the industry boomed in the second half, driven by rising consumer demand for electronics, trade industry groups said on Monday. Sales
      Reuters  -  556 words
  • 6627 15 Transaction date: Feb 4 52-Wk Tel last Vol Day last Quote CrOiv Dtv GrYld Nat MCap High Law Code Company Sale *1- C000) High Low Buyer SaMar Cvr m Snwl 69 5 39 5 5814 A-Sonic 46 unch 492 46.5 46 46 46.5 15.9 129.8 8 5300 ABNAmroNLG
    6,627 words
  • 74 15 M List Ml Day Laft Quota GrOiv Mv GrVW Nat MCap Hl» lew Coda Cowpwy lala fW0> HWi low 8ayar Sa«ar Cvr Ht Sal 2060 2000 6065 Diamonds US2060 2290 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore ..US555 6101 ISS4P500 US8270 9650 9650 6170
    74 words
  • 1958 15 Td Lact Vol Day Lact Quote GrtNv M* GrVM Net MCm High Low Coda Company Sato W- (HQ) Wah Low Buyer Sa8«r Cw WE $3 26 7.5 5000 ABRHIdgsSc: II -0.5 94 18.5 18 18 18.5 34 7 2101 APOil 5c J1.5 unth 160 31.5 31 31 31.5
    1,958 words
  • 352 15 H-Wk T«l lart Vol Day Last Quote GrtXv Dtv GrYM Net MCla HUfc t—i Codo Cgm Sate W- C000) gg> Low tg Sdtef Cw HE Ml 193 96 6000 AVJennings A2Sc A181 unch 43 181 180 181 182 40 8.8 5.5 6.9 3896 6001 Cathay Pac 20c HK720
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  • Page 16 Advertisements
    • 57 16 TECHNOLOGY IN ACTION a Jgj-'' 0 Intelligent Iranspuit t. Systems ity 4- O 'fi Open MKI n i 1 Or- O anuM O'a.jnosis .•/••I'!o i v a r W.* *v H :V, "SMoK Railway Iralfic v -f% lj.^ '2' F~ W '2; Business T IT Consulting /j^VT\ /1 f i
      57 words

  • SHIPPING TIMES
    • 373 17 Incident occurred at same place as terrorist attack on tanker Limburg two years ago Bloomberg [LONDON] Pirates armed with shotguns tried to board a general cargo ship at a Yemeni oil terminal in the Gulf of Aden, where terrorists attacked the tanker Limburg
      Bloomberg  -  373 words
    • 149 17 [SINGAPORE] The eastbound lane of the Singapore Strait near Karimun Island was the scene of another pirate attack on Tuesday, the third such attack in that location in less than a week. Alert crew of the 29,031 GT Cayman Islands-registered bulk carrier Pilion managed
      149 words
    • 438 17 Reuters [SEOUL] Record high dry freight rates could rise further, supported by an ongoing shortage of large ships, firm mineral demand and expected fresh orders for new South American crops, brokers said. Port congestion in China, Australia and India is making the situation worse,
      Reuters; FILE PHOTO  -  438 words
    • 287 17 SGX '000 Feb 4 SS Vol CH Offshore .0.35 0.01 3464 ChuanHi*> 0.50 0.02 1239 Cosco Investment 0.85 0 06 ***** CWT Distribution 0 54 -0.01 9 Ezra Hldgs 106 0.04 795 Freight Links .0.13 -0 01 423 GB Holdings 0.71 0.01 28 Java Holdings 0.91 0.04 *****
      287 words
    • 812 17  -  NEWS analysis Business no longer brings in required returns needed to satisfy stockholders, notes David Hughes David Hughes OftS thing that can be said with some ccjpfidence about the P&O Nedlloyd (PpNL) flotation is that it will come as lilife surprise to the
      812 words
    • 949 18  -  NEWBUILDS By David Hughes SOME interesting things are happening in the world shipbuilding scene. The latest figures from Japan show that its newbuilding boom continued in December when its yards won 94 export orders totalling 4.2 million gt. Interestingly though, all but five of the vessels
      949 words
    • 112 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
      112 words
    • 6683 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Destn Name Name Number Number To DUNKEROUE (DKK) 2695 Franc* TO ABIDJAN (ABJ) 2003 Cot* D'lvoir* 12/02 09/03 CMA CGM CONTSHIP AUCKLAND 3549 65-62/***** 16/02 25/03 China
      6,683 words
    • SHIPS IN PORT
      • 595 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CAPE CHARLES LB025 J17 A/SIDE 05/02 0800 CMAPUMA 20NA J18/19 A/SIDE 05/02 0500 CSFORTUNE 26A J23/24 A/SIDE 05/02 2300 HARAPAN MAK JB4201 J5 A/SIDE 05/02 0600 SANDIDEWA 14 146 J7 A/SIDE 05/02 0630 SINDORASERA 108/04 J15/16 A/SIDE 05/02 0630
        595 words
      • 1569 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MARGUERI 027S 027S 1 08/02/2004-15:00 09/02/2004-03:00 ALAMJAYA 2 8881N 8881N 1 07/02/2004-05:00 07/02/2004-13:00 ALAMJAYA 2 8882 8882 1 08/02/2004-09:00 08A)2/2004 17:00 AUCANTIA 392 888 1 06/02/2004-07:00 07/02/2004-23:00 ALTONA 0415
        1,569 words
      • 147 23 Feb 5 Thailand: Makha Bucha Day. Feb 6 NZ: Waitangi Day. Feb 11 Japan: Nat Foundation Day. Feb 16 US: Washington Day. Thailand: Makha Bucha Day. US: Washington's Birthday. Feb 22 Brunei: Islamic New Year. Indonesia: Islamic New Year. Malaysia: Islamic New Year. Feb 23 Brunei: National Day.
        147 words
      • 847 23 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
        847 words
      • 538 23 Carbon Jan 22 Density Water Residue AshAluminlum Sediment *M/M Eina K6/M*3 S y/V M/M S M/M PPM mtthod ISO/Cimac Limits Spec E25 991 10 ilO OLIO 80 OJO Spec G35 991 1.0 18.0 0.15 80 0.10 Northern Europe 180 Ave 980.4 0.1 11.7 0.04 20 0.02
        538 words
    • AIR & LAND transport
      • 532 24 Airports could cut fees either by lowering operating costs or paring back services AFP [PAßlS] To meet the demands of low-cost airlines without drawing fire from antitrust authorities, airports too could adopt a no-frills strategy, experts have said as the EU had Ryanair, Europe's
        AFP  -  532 words
      • 200 24 Reuters [DUBLIN] Irish airline Ryanair said it would launch an immediate appeal against a European Commission decision on state aid, describing it as "a disaster" for the low-cost travel industry. Chief executive Michael O'Leary said that he believed other airlines and airports would join
        Reuters  -  200 words
      • 543 24 RYANAIR-EU DOGFIGHT Michael O'Leary is defiant despite recent setbacks AFP [LONDON] Michael O'Leary is not a man who likes to let people get in his way: when the Ryanair boss could no longer bear to crawl along in Dublin's traffic jams, he
        AFP; REUTERS  -  543 words
      • 499 24 But discussions fall short of open-sky pacts between the two countries AFP [BEIJING] China and the United States opened formal talks yesterday in Beijing which is likely to lead to an increase in American flights to China, local aviation
        AFP  -  499 words
      • 337 24 AFP [HANOI] American Airlines, the world's largest carrier, has lodged an application with the US government to begin codeshare services with Vietnam Airlines between the United States and Vietnam, officials said on Monday. Robert Sturgell, deputy head of the US Federal Aviation
        AFP  -  337 words
      • LOG Book
        • 67 24 AP [SAN ANTONIO] The Boeing Co said that it is cutting 300 jobs at its aircraft maintenance facility in San Antonio because of cutbacks in the work it does for the Air Force. Boeing officials said the layoffs at the former Kelly Air Force Base,
          AP  -  67 words
        • 110 24 Reuters [SEATTLE] Continental Airlines, the No 5 US carrier, on Tuesday said its top two executives took pay cuts and got no bonus in 2003, a year in which it posted meagre profits despite sharp cost cuts. Chairman and chief executive Gordon Bethune
          Reuters  -  110 words
        • 47 24 Reuters [AMSTERDAM] Dutch airline KLM said on Tuesday its cargo unit will take delivery of the last of three new Boeings 747-400 Extended Range Freighters it had ordered from the US plane maker. The two other planes were delivered last year.—Reuters
          Reuters  -  47 words
      • 2081 24 cmr aicm n« flight etp em30 1940 so428 2325 MM LH9771 1855 BA7382 2250 Fraaktet AC99S1 0655 LH9765 H2S S0230 WSS om 2250 LH9762 0655 S0326 1425 kaatliian S023 0630 RUM 23)0 5025 0655 M7J05 2300 K1837 1535 S024 2345 LH 7 *50 0F5 2300 0(405
        2,081 words
  • Page 17 Advertisements
    • 187 17 Experts see no-frills airports Ryanair to appeal > against EC fine j rr~m 'SC l^fei MOL The Brand for Quality Service People need so many things in daily life, from essentials such as food and fuel, to conveniences such as cars and electric appliances. MOL delivers these products daily around
      187 words
    • 5 17 MAKERS BOOST fpii ORDERBOOK ■ruit
      5 words

  • Page 18 Advertisements
    • 669 18 IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) VOY LGB SIM PKG AUBTRAUA ASIA EXPRESS (AAX) PtO NIDUOTD KOBE 36W03 21/01 08/02 10/02 VOT »Ht STP MEL AM FRE SIM PKG LOS ANGELES EXPRESS 02W04 28/01 15/02 17/02 PtO NEDIiOYD ADELAIDE 73M OMIT 26/01 28/01 30/01 03/02 08/02
      669 words
    • 529 18 Lines services represented by ffl Members of the Registry of Accredited Shipping Agents, Ngrt* Singapore Shipping Association |gg ULY UNE MALE f VESSEL VOY ETA ETA ETA P. It LANG SPORE MAli Mold Star 545 08/02 10/02 19/02 Kota Teguh XTGII7 17/02 27/02 Koto Tegap TGAOS7 23/02 04/03 Princess Uly
      529 words
    • 6 18 Members of the Singapore Logistics Association
      6 words

  • Page 19 Advertisements
    • 795 19 MOl Combines 777 o range of shipping modes *0 ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa &Oc®anKi. Also aaspt Intro-Asia Cargoes to; For Schedules, BL Searches, and Container Tracking, click on our Home Page: www.molsin.com.sq j MYANMA FIVE STAR LINE I CONTAINER SERVICES
      795 words
    • 1060 19 GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD #12-00 SALES/BKGS TEL: 6420 *****43 FAX: *****321/24 COSTAR SHIPPING PTE LTD Singapore *****8 OUTWARDIB/U *****802 *****325/75 TEL: 6226 1900 (MAIN) INWARD (D/ 0) *****786 *****319/49 CR NO. *****0000 M T/SHIPDEP *****825 **********6 JOHOfTS OFFICE: CONVENTIONAL *****850 *****208 COSTAR AGENCIES (M) SDN BHD TEL
      1,060 words
    • 589 19 vessel voy sin pkg HOLHIS 016N 8/2 9/2 'lW PERTH BRIDGE QUA ~WT 1472 PAC AQUILA 402H I 10/2 I 11/2 13/2 HEW DYNAMIC 054 A 19/2 21/2 ISATURN 1403N I 19/2 I OMIT 21/2 1 PERTH BRIDGE 048 A 26/2 I 2172 *VSL catnq botti Nortti West port VESSEL
      589 words

  • Page 20 Advertisements
    • 568 20 CI mi A C ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: dalmasMalmM.cofn.ag UCLIVIAO DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 MUMS OWgTKMt I—l rouCOWAiWSBVMTOWCTAnBa^awifr" IYISSa VOY SINGAPORE POWKIUMG UHAVtF PAKM »*HJUI CONAKRY Hvundoi Hiohnts 348W 09/02 10/02 25/02 O?ZQ3 13/03 15/03 Hyundai Unity 32W 16/02 17/02 03/03 !*/03 20/03 15/03 Hywiidoi FtboJow 318W 23/02 24/02
      568 words
    • 659 20 VnnA wan hai lines r Teh 6226 tSBB Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY i W For more details, call HOTLINE: 6226 1588 1800-*****00 ~L NORTRANS SHIPPING AGENCIES t\f ly J KIR AiM S 29 Int'l Business Pork
      659 words
    • 518 20 i BSA ji. MYANMA |H FIVE STAR UNE (MyaMar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU HPA-AN 31SW SLO PAGAN 32SW SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PIN: 04-*****02 ACCEPTINB CONVENTIONAL C6O Vissa VOY HKG SIN PGU PKI KIK OCEANIA QUEEN 114
      518 words

  • Page 21 Advertisements
    • 1402 21 I VESSEL VOY KHH HKG SIN I PKI I DXB BAB DMM BIK SEA NAVIGATOR PCLBO2I SKIP SKIP 10/02 11/02 19/02 20/02 25/02 27/02 CAPE FRIO PCLBO22 SKIP SKIP 15/02 16/02 24/02 25/02 01/03 03/03 IRAN SATTARI PCLBO23 SKIP SKIP 25/02 26/02 06/03 07/03 12/03 14/03 SEA NAVIGATOR PCLBO24 SKIP
      1,402 words
    • 687 21 UK CONTINENT SERVICE Loading for ASIRAT RTM/ATW/BMN/UK/NAN GREVENO RTM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for VTC STAR DBI/ABU/EX)H/BRN/DMM/KWT J SAFE DBI/ABU/DOH/BRN/DMM/KWT TINA II DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for AVENTICUM CAM/NFK/SAV/NOL MALLIKA NAREE VCW/LAX/MZL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading
      687 words
    • 721 21 SIM ECU VESSEL yQI JJH JKT m M o*m AIAMIATA2 mi am wsi PACIANDA U4OM 09/02 09/02 PAC SUtU tlflSJ 12/0? 14/0? MCIANOA LMIN 10/02 10/02 UB3 IS/0? 17/0? PAC RANOA 1142N 11/02 12/02 MCSUtU PIO4O 19/02 21/02 ratAHPA U43M 12/52 13/02 pac ianda ii44w u/02 is/02 PAC lANDA 1145N
      721 words


  • Page 23 Miscellaneous
    • 123 23 REGIONAL 8 FOR 7AM 5 Feb 2004 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols v Showers C Full circle w/o line indicates calm or light and variable winds R a j n J One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots
      123 words