The Business Times, 3 March 2004

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Total Pages: 28
1 28 The Business Times
  • 14 1 85C MjTfl (BJ 033/03/2004 THE BUSINESS TIMES SINGAPORE Internet: http:Vbusiness-times.asial.com.sg WEDNESDAY. MARCH 3. 2004
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  • 675 1  -  Margin calls and nervous fond managers add to selldown By Joyce Koh [SINGAPORE] The massive sell-down in penny stocks here could have something to do with the corruption investigations in Hong Kong, and market insiders say this has led to forced
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  • 77 1 sn 1*892.93 (+1.20) ST INDEX FUTURES 1*892.00 (-10.00) nsNisci mm 229.90 (-0.09) SIMSCI FUTURES 229.70 (-2.00) Tuesday Change KLSECOMP 894.45 +1138 NIKKEI 225 U ,361.51 +90.39 HANG SENG 13,731.35 -187,10 SETT INDEX 701.75 -3.50 JAKARTA COMP 779.75 +20.74 MANILA COMP _1,477.02 -7.44 TAIPEI WPI 6,***** +86.83 SEOUL COMP 899.21
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  • 74 1 FOREX RATES US$ S$ l'S$ (SSperlISS) 1.724 £(US$/S$ per 1.718 2.961 EIR0(1 T S$/S$/E). 1.197 2.063 YEN 109.6 63.60 KM 3.800 1205 HKS 7.764 4.504 BAHT 39.92 2:1.16 RI'PIAH 8,497 4,930 RENMINBI 8.299 4.815 INDIAN KI PEE 45.72 26.53 AS 1-372 0.796 NZS 1.554 0.902 PRIME RATES SINGAPORE 525
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  • 545 1 Chinese banking system must be strengthened first AFP Reuters [WASHlNGTON! A decision to float the yuan could weaken the Chinese banking system and threaten the world economy, the chairman of the US Federal Reserve central bank Alan Greenspan has warned. Mr Greenspan
    AFP; Reuters  -  545 words
  • 675 1  -  Landmark deal may pave way for TLC purchases analysts From Eddie Toh in Kuala Lumpur IN what is possibly the biggest single Singapore investment in Malaysia, Temasek Holdings is paying RMI.6 billion (Ss7lB million) for a substantial stake in Telekom Malaysia. The
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  • Page 1 Advertisements
    • 12 1 SHIPPING TIMES Task force to bolster maritime security: Tony Tan ■fAGE i
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    • 295 1 MUTORING jfo Car rental firms lament r M: $1.5 m loss over Asian ff &> Aerospace ■rv; r Commentary: Make tax BPlSfcfcit changes more equitable Unlock the value in] your |overseas properly Mf Wr Current, historical to# Some lending rates are at 45-year lows and yet residential property values New
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  • NEXT page
    • 471 2  -  UK firm of same name seeks amicable deal; lawyers feel case is non-starter From Ven Sreenivasan, Neil Behrmann TWO very different Tigers prowling two very different parts of the world. That is how Singapore Airlines associate Tiger Airways put it when asked about claims
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    • 776 2  -  4 months more maternity leave could cost $400m By Angela Tan [SINGAPORE] Maternity leave of up to six months and more financial help are among some of the possibilities the government has thrown up for public feedback on how to boost Singapore's
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    • 305 2  -  LTA says they ferry passengers between Lavender and Senai By Serena Ng [SINGAPORE] The Land Transport Authority (LTA) has detained two private buses which it said were ferrying passengers between Singapore's Lavendar MRT station and Senai Airport in Johor Bahru without
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    • 388 2  -  Move towards higher value-added products paying off By Daniel Buenas [SINGAPORE] Singapore's restructuring towards higher value-added manufacturing may signal a stabilisation of job losses in the second half of this year and a possible pick-up after that. Amid a 4 per cent
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  • Page 2 Advertisements
    • 353 2 Informatics Holdings Ltd is one of the global leaders in Be Our Partner in the providing award-winning, quality, lifelong learning services. Middle East. South Africa. Through our international franchising system and strategic Antral ftmarln acquisitions, we have a global network of over 647 centres i#enirai America spanning more than 50
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    • 171 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simon ne Toh T: +65 6535 3382 F: +65 6535 3991
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  • Page 3 Advertisements
    • 73 3 Hi HI \i BL i Yk*§ HI »IBot^^^^BPlP9Brßß!l^bßßh^^^^^B Kif ij ll I < I EH! 3£IN®SI?I I nil n #i?lM'i^^^H^^^H y| f i tWm f r y«: I lit |^>; IHMlfl i I i :r^mlnffi«ll^ 'i'ifc^B* Slßilr ift Ih Iw'llpll® ■■I m% Bjw® H"" Rpifc? w :^»3l^' m hi ifs'Ft
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  • SINGAPORE companies
  • Page 4 Advertisements
    • 104 4 IfeTAll I i fi Mr? 1 V I 111 II I L. A M M I MB T FjH Bi^MQiiinHaPUgilßßlßP l l I inWiil B <i > I ttrnffli^KXrV Hi H M H MB :;B»*iM«aL^^Vi J t fct. &/(*>■ *2j "'Cin" fit ■■I »1> W*»s*B^r? C II 1 1 H
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    • 61 4 I 125 Years I |owtr4ooUcrtltn« Worldwide I H Programs start it H Ask us about Corporate, Individual or Group Instruction. j Call Berlitz today 6733-7472 or visit www.berlltz.com jj 501 Orchard Road 005-03/04 Wheetock Place Singapore *****0 J j Bar-Coding, m— Warehouse, Raw Material Inventory, SS^S^S^SSH Finished Goods Inventory, BSS
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  • Page 5 Advertisements
    • 273 5 Recruit the one you want for any position you have Call 1800 289 8822 or email recruit@sph.comsg for your recruitment solutions _f 77^ ~Mm4r L jaguar XJ named as the Best Luxury Car" by THE STRAITS TIMES (3 January and TODAY [10 January 2004). Jaguar XJR chosen as the "Best
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  • SINGAPORE markets
    • Article, Illustration
      501 6  -  Compiled by VEN SREENIVASAN Neptune Orient lines Mar 2 cMrmg- S? 07 NOL released another solid set of operating numbers for the first reporting period of 2004, with volume and rates rising strongly. Average freight rates increased 20 per cent in full-year 2003. While we expect the pace
      Source: Bloomberg  -  501 words
    • 389 6  -  CHART POINT By Lim Say Boom, K Ajith for OCBC Investment Research Pte Ltd YESTERDAY'S action on the Straits Times Index opening strongly to hit an intra-day high of 1,905, only to retreat into negative territory at one stage highlights what we have been saying
      Source: Bloomberg  -  389 words
    • 932 6  -  A longer view CURRENCIES larry wee THE past week's volatile price action in financial markets was less than salutary for the portfolios of USdollar bears, with the greenback's relapses appearing to be a bit brief. And while things haven't quite got to the
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    • 562 6  -  BT comment STOCKS r. sivanitny IF second liners were the market leaders throughout the recovery of the past nine months, then judging by the devastation wrought in the past few weeks in small caps, it might well be that second liners
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    • TRADES TO WATCH
      • 86 6 THE deemed shareholding of UOB Kay Hian Holdings deputy managing director and executive director Tang Wee Loke was boosted after his spouse, Lau Mei Lea, bought 1.21 million shares in the open market on March 1 at an average price of $1.01 apiece.
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      • 91 6 UNITED Test and Assembly Center (Utac) chief executive and president Lee Joon Chung bought 80,000 shares in the chip testing company in the open market at an average price of 94.6 cents apiece on March 1. This raised his direct shareholding to 0.65 per cent, or
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      • 128 6  -  Compiled by SERENA NG A DAY after Ezra Holdings announced a placement of 12 million new shares at $1.18 each to raise $13.8 million in net proceeds, three of its shareholders yesterday sold a total of 13.5 million shares to institutional investors at $1.18 per share.
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    • Article, Illustration
      410 6 OTHER SINGAPORE INDICES Mar 2 VALUE CLOSE WOMBS -567.00 -306.00 BTCADt -*****.00 -195.00 BTHMayKU -*****.00 -57.00 jjjjjgEjpjjjg 509.36 -1.41 SQEj>ritt»B«ct 186.07 -H.49 1554.55 -3.51 SCEjwIMwPWp 471.28 -1.18 SMSCI 229.90 -0.09 SMSCI Futures 229.70 -2.00 Hocks Www UniFiber 10c 98,806,000 Bio-Treat HK40c 72,079,000 AEM-Evertech 5c 40,546,000 ISoftel 5c 31,313,000 UnitecfTAC US15c
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  • EXECUTIVEmoney
    • 1113 7  -  Russell Investment director John Ilkiw tells GENEVIEVE CUA why the life cycle fund should be the default option for private pension plans GENEVIEVE CUA FOR the Central Provident Fund's proposed privately managed pension plans (PPPs) to take off, the investment options must be designed around the
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    • 835 7  -  Equity fond inflows exceed US$1b in week to Feb 18 By Genevieve Cua NEW money is rushing into emerging market equity funds at a blistering pace, in an early sign that total inflows for the whole of this year may well exceed last year's record
      Source: En ost oli.com fund Research; Source: BCA Research  -  835 words
    • 641 8  -  Prices of financial assets set to decline this year given their massive overvaluation: JPMorgan By Taila Krishnakumar THE news is both good and bad for investors this year. While we are in for a solid global recovery, most financial assets are massively overvalued, thanks to the
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  • Page 7 Advertisements
    • 251 7 INVESTING WITH A WINNER IS ALWAYS A GOOD MOVE. STANDARD POOR'S INVESTMENT K4i| FUNDS AWARD 2004* U| l |r* THE EDGE-UPPER SINGAPORE fl UNIT TRUST FUND AWARDS 2003' f« A m M^j >,v V j FTF Franklin lift Sciences Discovery Fund When it comes to investing, trust the company that
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  • 1534 8 8IC011 FUTURES Mar 2 RUBBER Futures (Closing prices) RSS1 (S centsAg) Close Votan* Open Month HIqIi Low Sett (tomes) Merest 1 2»» Mav 04 ***** Jun 04 ***** Ju|/Sep04 240-25 Oct/Dec 04 24t» Jan/Mar 05 ***** RSS 3 (US ceots/lq) »°>—• Opq Month High Low Sett (tones) Merest Apr04
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  • Page 8 Advertisements
    • 106 8 Call now! International Business Park (IBP) Close to Jurong East MRT station and bus interchange The Strategy 130sqm onwards jgcis|s» Raised floor system —^k. Column free layout r^^|£gJSSEjni|| The Synergy MA 142sqm onwards k| jgjgSHw^ Great tenant mix I ihp ssajjJßWt/ Column free layout Changi Business Park 10-min drive to
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  • 46 9 UNIT TRUSTS FUNDS LEGEND: All prices are indicative except for ex Ringgit Assets; Broadly Diversified; Narowly Focused; Lower Risk; Low to Medium Risk; Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A- Non Dealing Day
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  • SINGAPORE companies
    • 481 9  -  Move comes less than two weeks after Fannie Mae's $550m bond issue By Taila Krishnakumar AMERICAN financial giant Citigroup has joined the rising number of foreign issuers tapping the Singapore dollar debt market. Less than two weeks after a massive $550 million issue
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    • 366 9  -  At 36.72¢ apiece, warrants can only be exercised on March 2, 2005 By Kenneth Lim WITH Singapore Telecom's shares still climbing, DBS Bank said yesterday it plans to issue another 10 million covered warrants on the telco at 36.72 cents apiece. The
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    • 701 9  -  It should reassess its strategies to add more value for investors By Joyce Koh AMID revived talk of Star Hub's listing intentions, it would be good to ask now if the company has a real growth story to tell lest we get swept
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    • 140 9 Bloomberg MOBILEONE Ltd, Singapore's second-largest provider of cell-phone services, said it will seek shareholder approval to buy back up to 10 per cent of its outstanding shares. The company will seek approval to buy the shares in the open market
      Bloomberg  -  140 words
  • Page 9 Advertisements
    • 174 9 Take a break on us! aSSr&S*n* Fly return Business Class on Air New Zealand now (return) and r6Coiv©: and enjoy a night in a luxurious suite on the sunny m*n island of Bintan. FREE 1 NightStayworth SGD3OO in df a luxurious Nirwana Suit* at Islirwana I W *->. -> ne\i
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  • Article, Illustration
    1053 10 Transaction date: Mar 2 iTBttlWOiOWMTB tf C$ Uw HC Mfc Yw» Wen m Nfclb Ptso S$ Band Sfr WTS BaM Pwwd US$ Antrata 0.951 6.050 0.609 5.659 33.328 ***** 0.799 8.714 2.770 1.133 41.762 40.460 1256 4.654 0.947 24X90 29.096 0.424 0.729 Canada LOS 6361 0.640 5.950 ***** 65.124
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  • SINGAPORE news
    • 600 10  -  Gartner forecasts revenue hitting US$217b; Asia-Pac to lead growth By Raju Chellam THE continuing boom in digital devices and computers will fuel a 23 per cent rise in global semiconductor sales this year, the biggest increase since 2000, according to the latest
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    • 606 10  -  The top-earning taxpayers feel a bigger pinch here By B J Ooi IN his Budget speech last week, Deputy Prime Minister and Finance Minister Lee Hsien Loong said we must remake Singapore now that Asia is on the rise again. He believes
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    • 334 10 ALTHOUGH Singapore Airlines and pilots' union Al-pa-S have decided to "start their relationship on different footing", the issues that still need to be resolved should not be underestimated, said Acting Manpower Minister Ng Eng Hen. Speaking to reporters at the Global Workforce Summit
      FILE PHOTO  -  334 words
    • 219 11 TOURISTS and travellers will be able to discover Singapore on-the-go with mobile devices, with the completion of a six-month nationwide pilot project called iTrove. Comprising key industry players such as HewlettPackard, the iTrove consortium has successfully conducted trials of interactive wireless technologies in diverse
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    • 486 11  -  American business group hopes for accord with Thailand next year By Chuang Peck Ming IN an election year when the United States is inclined to be protectionistic, American business is lobbying Washington to push on with a move to put in
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    • 284 11  -  MAIL bag Leong Sze Hian I REFER to media reports about Singaporeans putting more money into structured deposits because of the low interest on bank deposits. There seems to be a trend of financial institutions trying to out-do one another by offering higher payouts
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    • 296 11  -  EYE on the economy jobs By Chen Huifen Executive hiring continued to increase in February, marking a third straight month of year-on-year growth. Driven by the improving global economy and greater business optimism, the executive demand national index compiled by EL Consult Singapore almost doubled
      Source: EL Consult Singapore  -  296 words
  • Page 10 Advertisements
    • 332 10 Seminar On 'Intensifying MalaysiaSingapore Business Cooperation" Thursday, 11 March 2004 Meritus Mandarin Hotel, Orchard Road, Singapore Seminar and Dialogue Session with The Honourable Dato' Seri RafkJah Aziz, Minister of international Trade and Industry (MITI), Malaysia. This seminar offers an excellent opportunity for Singaporean businessmen to be updated on the latest
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  • Page 11 Advertisements
    • 174 11 1 Property Exhibition Jk* Villas, holiday homes and luxury apartments, ranging from only 4 million baht (*****,000) with A sea and island views on show. Exhibitors also include international lawyers, colleges, marine charter companies and more... Th f Hi isinfssTim rs INVESTORS'GUIDE TO SGX-LISTED COMPANIES The Perfect Ptatform To Make
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  • EDITORIAL & opinion
    • 726 12  -  THE bottom line OPINION frank ching THE second round of the six-party talks in Beijing on North Korea's nuclear weapons programme went off relatively well, even though there was no breakthrough. And while the United States and North Korea may not agree on
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    • 117 12 'India's strength is not in having an army of cyber-coolies, but in having some of the brightest people on the planet at some of its most exclusive schools.' Saikat Sengupta a second-year student at an Indian Institute of Management, on the subsidy for the nation's top 1,500
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    • 615 12 EDITORIAL DOES the emergence of cut-throat competition from low cost carriers (LCCs) in the region mean that governments will have to choose between airports and their national carriers? Will the deregulation sweeping across the skies force governments to choose between protecting their airlines or allowing
      615 words
    • 998 12  -  This isn't idle doomsday speculation, because the American budget and current account deficits cannot keep ballooning indefinitely From Anthony Rowley in Tokyo JAPANESE Finance Minister Sadakazu Tanigaki's suggestion that Japan might consider diversifying its massive foreign exchange reserves provoked speculation about possible
      AFP  -  998 words
    • 418 12  -  COMMENTARY While Bush plays up terrorism, the Democrats drum up trade concerns From Leon Hadar in Washington MANY liberal Democrats have been critical of US President George W Bush for allegedly exploiting the campaign against terrorism portraying himself as a "War President, recalling the horrors of 9/11, focusing
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  • Page 12 Miscellaneous
    • 202 12 CRYPTIC CROSSWORD 28 Banker re-employed worked hard to innovate 8 Think very hard, revealing YESTERDAY'S SOLUTION (5, 3 6 personal intelligence under Across: 1 Original, 5 Better, 9 DOWN torture (4,4,6) Inviting, 10 Specie, 12 Earcon, 2 Someone from Greenland 9 d TiLf. t0 13 Prenatal, 15 Richard, 16 wearing
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  • REGIONAL news
    • 325 13 KUALA LUMPUR Production to start by year-end; many countries have expressed interest AFP MALAYSIA said yesterday it will begin commercial production of the world's smallest microchip by the end of the year, with interest already coming from countries including China and the United States.
      AFP  -  325 words
    • 214 13 KUALA LUMPUR AFP Reuters (KUALA LUMPUR] Former Malaysian premier Mahathir Mohamad said yesterday he would not contest upcoming general elections, marking the end of a parliamentary career which began 40 years ago. Dr Mahathir, 78, who was first voted into parliament in 1964. and served
      AFP; Reuters  -  214 words
    • NOTEBook
      • 104 13 Reuters (KUALA LUMPURJ British oil giant BP pic said yesterday it has agreed to sell its entire 70 per cent stake in a Malaysian unit to local partner Lembaga Tabling Angkatan Tentera (LTAT). LTAT, an armed forces fund, already owns 30 per
        Reuters  -  104 words
      • 52 13 Bloomberg [MUMBAI] Wipro Ltd, India's biggest software services company by market value, may buy News Corp's 55 per cent stake in Hughes Software Systems Ltd in a deal worth 30 billion rupees (Ssl.l billion), the Hindustan Times reported, without saying where it obtained the
        Bloomberg  -  52 words
      • 73 13 Reuters [KUALA LUMPUR] Malaysian plantations firms Johore Tenggara Oil Palm Bhd and Tradewinds said yesterday they have hired investment bank CIMB Bhd to draw up a merger plan to save costs. Both companies are controlled by tycoon Syed Mokhtar Albukhary, who has a 36 per
        Reuters  -  73 words
      • 83 13 Bloomberg [HONG KONG] Hong Kong property sales, mainly of apartments, almost quadrupled in February, gaining for a fifth month as more people bought homes amid an economic recovery. Sales, including apartments, factories and office buildings, surged to HK$3O.5 billion (Ss6.B billion) last month from
        Bloomberg  -  83 words
      • 70 13 Reuters [HONG KONG] Hong Kong subway operator MTR Corp Ltd said yesterday that 2003 earnings rose 24.3 per cent to HK54.45 billion (*****.9 million) as the city's long ailing property market rebounded, but a looming merger with its cross-town counterpart is clouding the company's outlook.
        Reuters; AFP  -  70 words
      • 88 13 AFP [KUALA LUMPUR] Malaysian Islamic banks are in for tough times with the planned issuance of three new Islamic banking licences to foreign banks this year as part of financial liberalisation, a top bank official warned yesterday. Ahmad Tajuddin Abdul Rahman, managing director of
        AFP  -  88 words
      • 80 13 Reuters [HONG KONG] Ping An Insurance Co, China's second-largest life insurer, has applied to Hong Kong's stock exchange for an initial public offering that could raise about US$2 billion, a source close to the deal said yesterday. The company hopes to list its shares
        Reuters  -  80 words
    • 343 13 KUALA LUMPUR Bloomberg AFP PERUSAHAAN Otomobil Nasional (Proton) signed a dealership contract with Edaran Otomobil Nasional, an accord that will boost sales of Malaysia's biggest carmaker and help it fend off competition from overseas rivals. The six-year agreement with the nation's biggest car
      Bloomberg; AFP  -  343 words
  • Page 13 Advertisements
    • 867 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF I.WEBRASKA MOBILE TECHNOLOGIES SINGAPORE PTE LTD 2. SUN CRUISES TRAVEL PTE LTD 1 SUN CRUISES (S) PTE LTD (In Mwtbtfi'Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Final Meeting of the creditors and members in the
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    • 1714 13 Mobile One Ltd (Jl NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Mobile One Ltd (the "Company") will be held at Singapore Marriott Hotel, Level 3, Ballroom 111, 320 Orchard Road, Singapore *****5 on 25 March 2004 at 10.15 a.m. (or as soon thereafter following the conclusion or
      1,714 words

  • REGION world
    • 603 14 HONG KONG These clients are more hands-on than those in the US, Europe: bankers Reuters ASIA'S super-wealthy clients, expected to be worth US$B trillion in three years, want more than European and US private banks are used to offering. These clients, many with
      Reuters  -  603 words
    • 503 14 BEIJING Move seen boosting confidence of private businesses AP IT has finally come to this: Communist China is changing its constitution to embrace the most basic tenet of capitalism, protecting private property rights for the first time since the 1949 revolution. China's parliament is
      AP  -  503 words
    • 463 14  -  Record US$6.7b flowed into Asian stock markets last year From Neil Behrmann in London IN contrast to the gloomy Sars period a year ago, global fund managers are pouring cash into Hong Kong, Singapore and other Asian stock markets, with the biggest flows
      AFP  -  463 words
    • 201 14 KUALA LUMPUR MALAYSIAN ports will face stiffer competition as Singapore dangles tax breaks to attract and retain shipping lines, a Malaysian industry official warned, adding that the Singapore move is however, not just aimed at Malaysia. "It is looking at a much bigger
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  • 7 14 i TYansaction date: Mar 2
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  • 5 15 Transaction date: Mar 2
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  • 830 15 Transaction date: Mar 2 »nkwmi m Ow Own Kwfc—w Wt Oeee ttewge AJtgreen 50c 0.35 1.180 ->0.030 NOL 1 54 2X170 -0.020 WLk*U«20c 0.3S 0.775 -0.010 OCBC 9.05 12.600 -0.100 CapitaLand 126 1.790 +0.020 Parkway H 25c 031 1-030 Chart SemiCond 26c 1.37 1.700 *0.010 »»opte s Food HKSOc
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  • 688 15 BONDS WARRANTS Pram Expiry Tal Last Vol Com Exor Disc Goar- Mths Code Cifiy Mo tor- fB88> toM« Htco h» Loft 3698 AST1W*****1 41 -1 111 1 16 -2 1.41 3 3697 Acma Ltd W*****6 0.S 1 SO 531 16.00 8 3602 Amtek W*****0 112 1 33 1 1.28 15
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  • WORLD news
    • WORLDWatch
      • 102 15 AFP [BAGHDAD/KERBALA] Shiite Muslims marking the holy day of Ashura were targeted yesterday in attacks in the two Iraqi cities of Karbala and Baghdad that left as many as 135 dead and injured hundreds. At least 75 people were killed at the Kazimiya mosque in
        AFP  -  102 words
      • 128 15 Bloomberg [WASHINGTON] The US Justice Department yesterday charged Bernard Ebbers, the former chief executive and co-founder of World Com Inc, in an indictment, with directing one of the biggest frauds in US history, misstating US$ll billion in revenue and expenses at the long-distance company, a person
        Bloomberg  -  128 words
      • 72 15 Reuters [LONDON] British tycoons David and Frederick Barclay have withdrawn their offer to buy Conrad Black's Hollinger Inc which missed a Monday debt payment. Toronto-based Hollinger's main asset is a controlling voting stake in Hollinger International, owner of newspapers including Britain's Daily Telegraph and the
        Reuters  -  72 words
      • 79 15 Reuters [NEW YORK] Citigroup Inc on Monday said it received subpoenas from various regulators regarding mutual fund market timing, fees and sales practices. The bank also said it is being investigated by the US Securities and Exchange Commission into how it became transfer agent for
        Reuters  -  79 words
    • 467 15 NEW YORK Prices on the resale market for web addresses double from Q4 last year NYT THE dotcom gold rush may be over, but territorial claims can still be valuable. Dotcom domain names are fetching respectable prices again, after more than three
      NYT  -  467 words
    • 367 15 LONDON Reuters AP WORLD oil prices surged to a post-Iraq war high on Monday, set off by worries about political instability in Venezuela which on Sunday threatened to block US access to its oil supply. US light crude touched a peak at U5536.98 a barrel
      Reuters; AP  -  367 words
    • 528 16 A strong negative vote will force directors to consider stripping Eisner of some power and even reconsider the Comcast bid LAT-WP NYT THIS time around, it's not the pesky press or the nit-picking regulators who threaten to rein in the once-mighty corporate titans. After years of
      LAT-WP; NYT  -  528 words
    • 294 16 NEW YORK Paid inclusion will ensure place in search listings NYT YAHOO said on Monday that jt would start charging companies that want to ensure that their websites are included in its web index from which research results are selected.
      NYT  -  294 words
  • Page 15 Advertisements
    • 781 15 Bp FU YU MANUFACTURING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of Fu Yu Manufacturing Limited (the "Company") will be held at Function Rooms 1-3, Level 2, Raffles Marina, lOTuas West Drive, Singapore
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  • 7 16 I Transaction date: Mar 2
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  • 321 16 am W UA M Day LalQaato Gitt. Mr fctW M MCm i»»t—c—i CiMini w- am u» —r Cw m w 1W tOOO «V«pt» V UV AtW *2 J40 1*0 1» 190 t»i to 4014 MCI lUrtwyPKjttc HK720 265 21 74 6 JO*; tOOu OaunaKongSOc.... -HK17K 240 63 67
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  • BT motoring
    • 672 17  -  BT exclusive Operators claim they lost $1.5m in revenue over use of BMW as official car By Samuel Ee ASIAN Aerospace 2004 may have been a lucrative week for many Singapore businesses, but some rental car operators claim their industry may
      FILE PHOTO  -  672 words
    • 672 17  -  COMMENTARY By Samuel Ee THE announcement last Week that vehicle taxes will be cut from March seems to indicate one thing— next time the government says it may make changes, don't buy a car until you know what they are, because you could lose out
      672 words
  • Page 17 Advertisements
    • 86 17 Where to wine, dine and entertain... h- a World of Exclusive Privileges Treats 7 w' Menutionaf Advertise in Wine, Dine Entertain of The Business and reach out to 100,000 readers daily. ConlaaPatrick Ania, *****254 -Mm Hard Rock Caf& (6235 5232)... Enjoy a one-for-one on HRC's Specialty Section. I enjoy a
      86 words
    • 83 17 /Special Lunch Menu zEr $5.80 Nett Per Item With FREE Choice of One Coffee/Tea/Soft Drinks or Chin Chow Oyako Don (Chicken Egg with Rice) Penang Fried Kway Teow Slice Fish Hor Fun Hainanese Mutton Stew Saut6ed Chicken with Chinese Sausage It's Time All Day Mug€>s4.oo nett each Jug@sls.oo nett each
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    • 341 17 Prime Land For Sale Alexandra Road I Prominent frontage 4 separate plots u Wjy 41,000 sq ft upwards "'S Vacant possession Private treaty *45 years lease lL==M CBRE Tel: 6224 8181 cb richard ellis To call toll tree 1800 289 8822 Email; notkcs©jpb.co«.»f In the matter of The Companies Act,
      341 words
    • 509 17 In the matter of The Companies Act, Cap. 50 And In the matter of (1) TENAZ PTE LTD and 2) UM BOON HWEE SOFA PTE LTD (In Creditors' Voluntary Liquidation) At Extraordinary General Meetings of the members of the abovenamed Companies, duly convened and held at 336 Smith Street #06-308
      509 words
    • 183 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PRINT N ETCH 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 company held on 25 February 2004 it
      183 words

  • MADE IN Singapore
    • 886 18  -  Ghim Li's sales last year was worth US$180 million and the FTA with the US is great news for the garment maker, says VINCE CHONG VINCE CHONG IF YOU'RE a frequent traveller to the US, and shop at stores like Macy's and Wal-Mart, chances are
      886 words
    • 632 18 THE furniture and textile and apparel industries have been part of Singapore's economic landscape since the 1960s and were among the pioneers of our industrialisation drive. Although Singapore's industrial base has undergone significant transformation over the last 40 years, these traditional industries continue to contribute to
      632 words
    • 732 18  -  It will use Singapore as its centre for innovation, development and prototype manufacturing By Taila Krishnakumar With another record year under the belt, HTL International Holdings now aims to spread its wings in the coming decade to become a dominant global player in manufacturing sofas. And
      FILE PHOTO  -  732 words
  • Page 18 Advertisements
    • 28 18 If—* An EDB sariw spotfighting II looai manufodurart and now I™' II If W thay haws enhanced their I II mJ MM oompeiHKwMM tfwough innovation and technology, SINGAPORE
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  • SHIPPING TIMES
    • 745 19  -  New steps soon to avert threats to ships and ports, says Tony Tan Reports by Donald Urquhart [SINGAPORE] Warning that a ship being turned into a floating bomb against Singapore assets is a "very serious" threat, Deputy Prime Minister Tony Tan announced- the elevation
      TERENCE TAN/ST  -  745 words
    • 202 19 [SINGAPORE] Two new radar installations and additional personnel at the MPA's port operation's centre to monitor vessel traffic around sensitive waters like Jurong Island and Changi Naval Base are part of Singapore's additional maritime security measures. The MPA's multi-radar tracking system used to track shipping
      202 words
    • 198 19  -  By Beth Jinks [SINGAPORE] SembCorp Marine's Sembawang Shipyard is the first in Singapore to achieve compliance with the International Maritime Organisation's (IMO) new security requirements. Sembawang was presented with the International Ship and Port Facility Security (ISPS) Code provisional compliance statement on Friday, ahead
      198 words
    • 197 19 Reuters [SINGAPORE] Neptune Orient Lines Ltd, the world's sixth largest container shipping group, said strong long-haul volumes helped its average freight rates rise 16 per cent in the six weeks to Feb 6 from the year-ago period. Average freight rates rose to U552,564
      Reuters  -  197 words
    • 293 19 SGX *000 Mat 2 SS W- Vol CH Offshore 0 36 0X11 1661 ChuanHup 0.53 unch 2176 Cosco Investment 0.89 -0.02 7285 CWT Distribution 0.54 -0.01 8 EzraHkjgs 1.15 -0.08 ***** Freight Unks .0.13 -0.01 2184 GB Holdings .0.71 unch 67 Java Holdings 0.77 -0.03 7897 K1 Venture
      293 words
    • SHIPPING news
      • 887 20 Bottlenecks worldwide are expected to worsen over the next two years before new ports and ships are built Reuters [HONG KONG] CHINA'S thirst for raw materials is so strong that it is causing port congestion as far away as Australia, Brazil
        Reuters; AFP FILE PHOTO  -  887 words
    • 3 20
      3 words
    • 3 25 thebusinesstimes
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    • SHIPS IN PORT
      • 588 27 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CERENURKMEZ 405S J8 A/SIDE 03/03 0830 HAKULA 04/01 J11 A/SIDE 03/03 1500 JPHARAPAN JB4301 J6 A/SIDE 03/03 0400 OCEAN CHIE 0128 J22/23 A/SIDE 03/03 1600 SEALINK P108 2186 J14/15 A/SIDE 03/03 0630 TERANG 18 E4059 J3 A/SIDE 03/03 0030
        588 words
      • 2 27
        2 words
      • 143 27 Apr 4 //KChingMFest. South Korea: Arbor Day. Taiwan: Ching M Fest. Apr 0 Thailand: Chakri Memorial Day Apr 8 Norway: Maundy Thursday. Philippines: Maundy Thursday. Sweden: Maundy Thursday. Apr 9 Sweden: Good Friday. Singapore: Good Friday. Philippines: Day of Valor. Norway: Good Friday. NZ: Good Friday. Indonesia: Good
        143 words
      • 814 27 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        814 words
      • 86 27 U/F unfilterable This report is based on samples as analysed by ONV Petroleum Services and it an abstract frers their morua detailed fuel quality statistics which Is mailed to participating shipowners. Key bunker ports have been grouped in geographical regions for brevity. Comparison has been made
        86 words
    • AIR & LAND transport
      • 151 28 COMPONENTS for Airbus' giant A3BO are about to set sail in this new ro-ro vessel christened Ville de Bordeaux in Nanjing yesterday. Specifically designed to ship A3BO sections, including the stern mooring system, cargo hold environment control, lashing arrangements and control of
        151 words
      • 223 28 Reuters [NEW YORK] United Parcel Service Inc, the world's biggest package carrier, is in talks with Europe's Airbus to cancel more than US$l.6 biUion in orders for A3OO- aircraft, the Wall Street Journal reported. Citing people familiar with the situation, the report
        Reuters  -  223 words
      • 414 28 Boeing official sees potential Asian and European buyers Bloomberg [SYDNEY] Boeing Co, the world's second largest aircraft maker, expects to have the first orders for its proposed 7E7 airliner before the Farnborough air show in July, according to marketing vice-president Randy Baseler. "Our
        Bloomberg; BLOOMBERG FILE PHOTO  -  414 words
      • 118 28 AFP [WASHINGTON] American Airlines has agreed to a US$l.5 million settlement in order to avoid further disciplinary action over postSept 11 incidents in which Arab, Muslim and South Asian passengers were illegally removed from flights, the US Department of Transportation said. The agreement
        AFP  -  118 words
      • 476 28 Carrier will spend US$6.6b on new aircraft, the rest on upgrading systems AFP [SEOUL] South Korean flag carrier Korean Air unveiled a massive expansion plan yesterday, aiming to boost its image and make it one of the world's top airlines with some US$6.6 billion to
        AFP  -  476 words
      • 374 28 Reuters [GENEVA] International air passenger travel, recovering from the Iraq war and global health scares, grew 5.9 per cent in January against the same month last year, the airlines body lata said on Monday. Freight traffic, a key indicator of trends in world
        Reuters  -  374 words
      • 423 28 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
        423 words
  • Page 19 Advertisements
    • 211 19 ,1 Our Vision: To become a world-class company providing a full range of logistics and freight services to our global customers We believe: "People are the key to our success" We are a newly established freight forwarding and logistics company. Our vision is to become a world-class company providing a
      211 words
    • 122 19 91 I <- t;-,i-- tisdSSHBEB jfl REPLY SLIP Fax No (65) 6588 3735 Join in the host of exciting networking functions at APM 2004 including lam interested in fpfoose Hck luncheons, hi -teas, happy hour Q Conference Visiting industry nights! Name: Job Tide: Further details available at: www.opmoritime.coni company Address:
      122 words
    • 22 19 World air traffic up 6% in Jan U -fl f P'ly-fjfe- V 1 .a'-aa I II Wlf 111 First orders before July
      22 words

  • Page 20 Advertisements
    • 879 20 I TO USA/CANADA ~1 I EXPORT 1 I OTHER DESTINATIONS H VBSa |vOT PUG LONG HAO<| DALLAS HOUSTON |M£MPHK |CMCAGO| NEW YORK j| TO AUSTRALIA ASIA EXPRESS! PIO NEDUOYD KOWLOON 36E10 02/03 03/03 19/03 24/03 27/03 25/03 25/03 2V03 "vTHSft VOY ETA SIN KG ——ST"! —M~~\ STD~1 —MB AM OOCL
      879 words
    • 544 20 2&V Lines*services represented by Mwb*s of if* Registry of I^^,. -^r s w 1 9 c XOMX.SZ Singapore Shipping Associcrtion UIY UNE MALE f /ESSEL VOY ITA ETA ETA A P. KLANG SPORE MALE Kota Teguh XTGII9 09/03 19/03 Princess Lily 0203 13/03 15/03 23/03 Maid Star 546 18/03 20/03
      544 words

  • Page 21 Advertisements
    • 801 21 MCX Combims o tony of jjwppjmj mod<s to wtsuro Hmoiy, rtfiobli iirvicii cowing mojof ports in Nonli Amoricfl, Europe, Japon, Asia, Amco Owwii KJSAN /KWANGYAMG SHANGHAI/YANTMM/HUB!/QMMO/BELAWAN JA*ATO/SWAIAYA/ MOHSINg MIWIBK/U^QlWaiS/WOaMMI/MSlgrt^ For Schedules, BL Searches, and Container Tracking, dick on our Home Page: www.mol*in.coiw.sq TO ADVERTISE, CALL JOE WONG AT 6319 2062
      801 words
    • 2050 21 WIIKLY SAILINGS CANARY ISLANDS lAS MIMAS GOKKAI AGENTS M SINGAPORE: 16NAFFUSOUAY #36-01 SAUS/BKGS TIL *****857/43 FAX: *****321/24 I a ADDEfIR COSTAR SHIPPING PTE LTD HONGUON6BU*DIN6 OUTWAWIB/U MJOSIW mmsms/ZS I MWttVirß SINGAPORE 04IS81 INWARD (D/ 0) *****786 *****319/49 I A TCMCDIEC CR WO: *****0000 M TH: *22* 1900 (MAIN) T/SWPDEP M
      2,050 words

  • Page 22 Advertisements
    • 1025 22 V>CI RJI A ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: datmaaMalmM.coni.ag IWI UCLIVIAO OOCUMENTATIONS/OKIUTIONS: *****637 FAX: *****177 ExnffisctmjunsannaTosoeTN/WKTAma VESSEL |VOT| SIN REUNION} LUANDA POINTE WOWt MATADI LIIREVIUI [AMPJAN TEMA LOME [TWOH jCOTONOU APAP A DOUAIA |ONNE~ Goby Mike 416W M/ 03 24/03 27/03 31/03 02/04 30/03 01/04 03/04 04/04 05/ M 01/04
      1,025 words
    • 1373 22 WAN HAI WIERNAHONAL PTE LID amiwrnoooo/i TH:*****5W (14UNB) FAX:*****163 V\M\ 111 AIJ UA I I lIIEC OMM/MpHtadtte (1800)*****200 V\ Yl Iff Mil fIMI Line J itmnwwittwnna'^waHioittMiMw V 1 jOMTt (07) HIWOHULtOmSimiSUITa; (*****»i475H11(8Jn 12*2714/3W1305 jjntlßl) 52S4lllf**:|Kl) SJS47IIPUINL 710*0/714 M HUL7IU7I www.wanhai.com.tg a«:ti)4iiiH«:»*')4)s««s/4i42W -w- w w KZm r«« Is 3 wt Is
      1,373 words
    • 604 22 BSA4 wy-wTTSJTTTcVTcTTFSTS W MYANMA ffl FIVE STAR LINE (Myaanar National Line) Loading for Yangon VESSEL VOT SIN PEL PEN PGU PAGAN 327W SID HPA-AN JIIW SID IN MAUTSIA: IOUSTIAD SHIPPING AGENCIES EUL 03-*****300 PEL 03-3176*101 PEN: 04-*****02 Misnamm ACCEPTING CONVENTIONAL C6O VESSEL VOT HEG SIN PGU PEI EIK MARINE VICTOE
      604 words

  • Page 23 Advertisements
    • 1335 23 IVISSiI VOY KHH HKO 1 SIN PKL I DXB BAB PMM BIK SfA NAVIGATOR PCLBO24 SKIP SKIP 04/03 05/03 13/03 14/03 19/03 21/03 CAPE FRIO PCLBO2S SKIP SKIP 10/03 11/03 19/03 20/03 25/03 27/03 IRAN SATTAM PCLBO23 SKIP SKIP 16/03 17/03 26/03 27/03 01/04 03/04 IRAN SHAHRYAR PCLBO29 SKIP SKIP
      1,335 words
    • 719 23 UK CONTINENT SERVICE Loading for PANORMOS PRIDE RTM/ATW/BMN/UK/NAN Loads Singapore, E/W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J SAFE HDO/JDH/AQA TINA II DBI/ABU/DOH/BRN/DMM/KWT PLAMER DBI/ABU/DOH/BRN/DMM/KWT RAVENNA HDD/JDH/AQA OLIVETTE DBI/ABU/DOH/BRN/DMM/KWT *Loads Singapore, E/W. Malayan. Indonesia USA SERVICE Loading for STELIOS B CAM/NOL/SAV/TPC •Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading
      719 words
    • 835 23 JSHL Vfi! SW PCM Vtssfl ¥QI sw JKT lI|S M 04/03 PA< PAIAWAH im tt/93 -E6LM6* Um 04/8J 05/03 AIAMIiTA 2 MM QZA3 M/M PA( lAIIPA 115?!! 06/03 07/03 PACSUUI UH43 11/03 13/03 *****1 01/03 08/03 AUWMTA2 HB7 14/03 16/03 PAOAMDA LuiM w/03 09/03 PACIAMDA 116» 10/03 11/03 PAC iAMDA
      835 words

  • Page 24 Advertisements
    • 608 24 ■BHHiira«^^iMi^w^n9/orirn^r| ■WSIfJHITIGfR SHARK 164N 06-06/03 11-12/03 18-19/03 I 993S 08-08/03 DISCHARGING ONLY I ■SiILEQI TIGER PtARL I&6N 10-10/03 1 5-16/03 21 22/03 ■■■■TIGER BRIDGE 167S 13-13/03 DISCHARGING ONLY I ■■BMI TIGER SKY 167N 14-15/03 19-20/03 26-27/03 1 3/03 21-22/03 B ■fffflfflNlTlGEß SPRING 504 064)7/03 13-15/03 22-23/03 ■XjUyifilKRIPA 124 12-13/03 19-21/03
      608 words
    • 787 24 FREIGHT LINKS EXPRESS PTkLTD*, Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 E-mail: flesin@singnet.com.sg ATTRACTIVI LCL RATES TO THESE VARIOUS DESTINATIONS SURABAYA CEBU BANGALORE NEW DELHI SEMARANG MANILA CALCUTTA BELAWAN MADRAS PLS CALL FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569 PROJECT fir HEAVY LI FT CARGO CjlmrMH (CONVENTIONAL RORO) JUM* Lawrence
      787 words
    • 1611 24 m PD7 LINES Wif I vL UllkV CUSTOdWSaVtCfcnL 6221-5596 FAX: *****190 %J%m SWGAPOtfc TOWG JOO SMffIHG PTI LTD tmA RMVLAft COtfTAIMKISU fftWCIS TO MALAYSIA, BRWfEI, MYAMUI AN» VHTIIMI nsui nr in sin n* kcm visui Mr n* m m nut tww Mr nun mm Bin w*| HJWGAAASS <017 04/03 "06/03"
      1,611 words



  • Page 27 Miscellaneous
    • 114 27 FOR 7 AM 3 Mar 2004 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers F u circle w/o line indicates calm or light and variable winds R a i n J One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x Hazy
      114 words

  • Page 28 Advertisements
    • 164 28 NOTICE TO TRADE FAR EAST/INDIA PAKISTAN TRADE RATE RESTORATION FROM IST APRIL 2004 In order to maintain a high standard of service to their customers, the carriers serving the trade from the South East Asia, Far East to India and Pakistan wish to inform the trade that a rate restoration
      164 words