The Business Times, 16 March 2004
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2004-03-16
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The Business Times
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Title Section24 2004-03-16 1 MITA (P) 023/03/2004 85* THE BUSINESS TIMES S I N G A P O R E ii,tp» ne:: h'tp.//business-times.asial .com.sg TUESDAY. MARCH 16, 200424 words
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Article, Illustration554 2004-03-16 1 Anna Teo - Economy seen picking up further in Q2 before slowing down in H2 By Anna Teo [SINGAPORE] The economy is widely expected to have grown about 5.5 per cent in the current quarter, and to pick up further in Q2, before slowing down inSource: MAS survey of pro forecasts - 554 words
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680 2004-03-16 1 Ajoy Sen - The benefits are great, but so is the cost to traditional family life From Ajoy Sen in New Delhi THE train in the southern city of Bangalore was heading for Coonoor hill station, also in south India. A young couple sat opposite us.680 words
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Article77 2004-03-16 1 Dsn 1,83*23 (+3.15) ST INDEX FUTURES 1,838.00 (-5.00) ■WSNMSCI U 222.38 (+0.32) SIMSCI FUTURES 220.80 (-1.70) Monday Change KLSE COM P 890.29 +5.74 NIKKEI 225 ******) +155.15 HANG SENG 12.919.41 -12.82 SET INDEX 678.42 1666 JAKARTA COUP —724.15 -14.00 MANILA COMP 1.419.34 TAIPEI WPI 6.635.98 -164.26 SEOI L(X)MP 852.2677 words
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Article74 2004-03-16 1 FOREX RATES US| s$ I S$ (S$ per I *SS) 1712 £(l'S$/S$per£) 1.809 3.096 Ei:R0(lS$/S$/E). 1.227 2.100 YEN 110.8 64.70 RM 3.800 2.220 HK$ 7.794 4.554 BAHT 39.48 23.07 RUP1AH 8,643 5,050 RENMINBI 8399 4.849 INDIAN RUPEE 4534 26.43 A$ 1,160 0.794 NZ$ 1.544 0.902 PRIME RATES SINGAPORE 5.2574 words
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735 2004-03-16 1 Andrea Tan - More significant is how soon supply of bigger HDB flats is depleted By. Andrea Tan [SINGAPORE] Two years ago, the Housing and Development Board (HDB) said it would stop building new flats. Property developers cheered then. But not this735 words
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Advertisement44 2004-03-16 1 i ■pawgg 1 I \l^^R v #■<• -*r lWw There is much in common between cycling and entrepreneurship. A mechanical engneer and business consultant in Singapore draws the connection. PACE 12 2W M m mi v jr W>M m wu if/1 i -'JMPw* m' 3)'44 words
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Advertisement25 2004-03-16 1 INSIDE SINGAPORE STOCKS STI poised for mini-rallies: analysts Pg3 RETAIL Takashimaya S'pore posts 10.6m profit Pg9 PROPERTY Tips on investing in Thai property market Pg1025 words
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655 2004-03-16 2 Raju Chellam - This year's growth will be a modest 5% as market is mature: Gartner By Raju Chellam [SINGAPORE] In the first strong indication of a pickup in the corporate sector in Singapore, computer server shipments shot up 15 per cent last year, the655 words
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Article, Illustration577 2004-03-16 2 Loh Hui Yin - Port and industrial park to cost 320m yuan to develop over 10 years By Loh Hui Yin [SINGAPORE] A new port is shaping on the coast of Jiangsu province in China, thanks to the efforts of a Singapore-based company. Singapore-incorporated DafengPHOTO: ZAOBAO - 577 words
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ON THE grapevine
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Article132 2004-03-16 2 IS Wall Street's correction over? Or has it just begun? Notwithstanding last Friday's bounce, some folks are wondering whether US stocks have set themselves up for a fall. After all, we've seen the Dow surge more than 50 per cent from its 7,400 lows a132 words
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Article127 2004-03-16 2 Casting the net wide for love SHOULD Singapore take a leaf out of China's book in its bid to get more people to find their life partners? China now has 80 million Internet users and a third of them surf "to have ftin and make friends", according to a survey.127 words
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Article, Illustration489 2004-03-16 2 Vince Chong - YESTERDAY IN PARLIAMENT This may still be too many for $10b market; builders By Vince Chong [SINGAPORE] The number of top-tier construction companies qualified to carry out building and civil engineering works has plunged by more than half to 61 under the new AFILE PHOTO - 489 words
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Advertisement89 2004-03-16 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: SlmonneToh T: +65 6536 3382 F: +65 6635 3991 E: singapore@ocra.com.sg89 words
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Advertisement16 2004-03-16 3 fli I' I s i m I r S v I I Ik -J .fIK I16 words
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SINGAPORE companies
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Article, Illustration597 2004-03-16 3 Angela Tan - Bat they also warn of high valuations in technology and banking sectors By Angela Tan THE Singapore stock market, which broke its six-day losing streak yesterday, could enjoy mini-rallies into the second quarter, but most analysts warn of rich valuations among blueSource: Bloomberg - 597 words
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685 2004-03-16 3 Kenneth Lim - Property stocks look good, says Citigroup Smith Barney report By Kenneth Lim AS Singapore's economy strengthens in the second quarter, be choosy and look for domestic cyclical plays such as property stocks, says Citigroup Smith Barney in its quarterly outlook report. Published yesterday,685 words
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700 2004-03-16 3 r sivanithy - HOCK lock siew r sivanithy IN the past couple of years, the spotlight has been on the investment community in general and research analysts in particular. In the US, for instance, there have been public scandals involving top houses. These culminated in700 words
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467 2004-03-16 3 Taila Krishnakumar - Better profits spur firms to reward shareholders By Taila Krishnakumar A STRONG stock market and recovering profits has prompted more companies this year to use bonus share issues to reward shareholders. More than 10 companies have announced bonus issues since January467 words
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Article, Illustration541 2004-03-16 4 Joyce Koh - Acquisition will pave way for Flextech to expand in North Asia By Joyce Koh FLEXTECH Electronics, which recently emerged from the red, said yesterday it has agreed to buy Hong Kong-based Dynax Digital Creation for US$l2 million. Flextech will acquire DynaxFILE PHOTO - 541 words
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238 2004-03-16 4 Uma Shankari - By Uma Shankari RSH Ltd formerly known as Royal Clicks is selling its Middle-East Hasbro brand toy distribution business to Sandgate Ltd, a company linked to RSH's nonexecutive director and substantial shareholder Omar Abdullah Al-Futtaim. In an announcement yesterday, RSH said that238 words
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Article, Illustration268 2004-03-16 4 Tang Weng Fai - New product likely to swell revenue only in 2005 By Tang Weng Fai SESDAQ-LISTED banking software specialist Axis Systems has made its first move into a non-core business, becoming the first Asian vendor to build a customised version of Microsoft's customer-relationship management (CRM) softwareFILE PHOTO - 268 words
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Article157 2004-03-16 4 Bloomberg CREATIVE Technology Ltd, the maker of Nomad digital music players and Sound Blaster sound cards, may raise as much as HK$l79 million (5539.3 million) from selling shares of Semiconductor Manufacturing International Corp (SMIC). Creative may sell as many as 65.8 million of its 140Bloomberg - 157 words
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174 2004-03-16 4 SESDAQ-LISTED metal and general logistics group GKE International has warned of substantially lower pre-tax profit for the full year ending May 31, 2004. GKE, which was listed in January last year, said in a profit warning yesterday that in view of the continuing global174 words
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Article, Illustration239 2004-03-16 4 Bloomberg BEYONICS Technology Ltd, a Singapore-based maker of electronics for brand-name companies, said it may get 5 per cent of sales this fiscal year from a contract to make batteries for Matsushita Electric Industrial Co. Beyonics, which already makes Panasonic cordless phones for Matsushita,Bloomberg; FILE PHOTO - 239 words
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562 2004-03-16 8 Tang Weng Fai - Bat analysts say pullback temporary and in line with regional peers By Tang Weng Fai AFTER the ride on news of Belgacom's initial public offering, has the stock of Singapore Telecommunications hit its peak at least for now? A look at the562 words
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Article369 2004-03-16 8 Beth Jinks - Visitor influx to Asian Aerospace helps lift numbers By Beth Jinks SINGAPORE Airlines filled an improved 74.6 per cent of its available passenger capacity in February despite additional flights, boosted by the influx of visitors to Singapore during the biennial Asian Aerospace exhibition. Singapore's369 words
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238 2004-03-16 8 Andrea Tan - By t Andrea Tan NOBLE Group, Asia's largest listed diversified commodities group, says its US$200 million convertible bonds have been fully placed. The group said it intends to use the net proceeds of US$194 million for "general corporate purposes, potential strategic acquisitions and refinancing outstanding238 words
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COMPANY Briefs
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Article149 2004-03-16 8 CAPITALAND president and CEO Liew Mun Leong received $1.5 million in salary, bonuses and employer's CPF contributions last year, against $1.23 million in the previous year. He was also granted 800,000 share options last year with an exercise price of $1.02 per share. Mr Liew may149 words
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Article47 2004-03-16 8 OCBC Bank's CEO David Conner has been granted 330,000 share options at an exercise price of $12.34 each while chairman Cheong Choong Kong 48,000 shares at the same strike price. The options can be exercised from March 16,2005, till March 14,2014.47 words
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Article30 2004-03-16 8 AMTEK Engineering said the Malaysian Ministry of International Trade and Industry has not objected to its acquisition of Kris Components's businesses and equity for RM$B5.lB million.30 words
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Advertisement143 2004-03-16 4 Where to wine, dine and entertain... HD))| Si Cliai Ni lit ResUirait BBUI it ri• z• F• ik i•i i 60 Dishes Deluxe Feast Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: $27.80 (Adult), $17 (ChHd') Dinner $2840 (Adult), $17.50143 words
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Advertisement75 2004-03-16 4 BRjOs i Cafe Brio presents A WINE EXTRAVAGANZA! Ist 31st March 2004 from 18:30 and 22:30 hrs This is a special offer extended to all dinner guests ordering a main course from Cafe Brio's a la carte menu or having our dinner buffet... For reservations, please call Cafe Brio at75 words
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Advertisement35 2004-03-16 4 /ft v £11l j Spring Court 1 SBC The Oldest n Chinese Restaurant in Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to one per table with min. order of SSO oowirdi. jp^/ I35 words
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Advertisement48 2004-03-16 4 THE NEPTUNE C O I I Y I R Q_ UA V DIAN XIN AT THE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 6224 3203 CttywOuf Managed by Meritu* Mandarin Singapore 7th Floor, Overseas Union House, Collyer Quay Singapore *****1 Tel: +65 6223 418548 words
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Advertisement218 2004-03-16 5 I M lie' bi j|M«|^^M| pJg HI ujfl r *i fHII n Mg il! 11l 111 mßi j 919 IMb 1 .jj Hb Ja jjfo^ > t v tj w <0 > T a-/ i '•>" :<: i -o o t|* r c j_«t < <". ei 7 J ff218 words
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SINGAPORE markets
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Article, Illustration602 2004-03-16 6 Kenneth Lim - Compiled by Kenneth Lim Creative Technology March 15 cMnc $17*40 CREATIVE Technology has sold 65.8 million SMIC (Semiconductor Manufacturing International Corporation) shares of its 140 million holdings in the latter's IPO. Net proceeds from the sale would amount to 5539.6 million, or about 50 cents a share. ItsSource: Bloomberg - 602 words
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Article, Illustration310 2004-03-16 6 R Sivanithy - HOT STOCK WARRANT By R Sivanithy THE Malaysian market yesterday rose, taking the Kuala Lumpur Stock Exchange's Composite Index gain for the year to above 12 per cent. This compares with just 4 per cent for the Straits Times Index, 2 per cent for HongSource: Bloomberg - 310 words
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Article, Illustration534 2004-03-16 6 r. sivanithy - BT comment STOCKS r. sivanithy IT was clear yesterday that sentiment is still laced with nervousness following last week's volatility on Wall Street and the Madrid bombings. There was also some hesitancy ahead of today's US Federal Open Market Committee meeting because534 words
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Article, Illustration535 2004-03-16 6 larry wee - BT comment CURRENCIES Madrid blasts continue to weigh on euro's rebound larry wee POLITICAL jitters left currency traders in limbo yesterday, although the US dollar was off last week's best levels by the Asian close. For example, traders said, the euro's recovery appeared moreSource: Reuters - 535 words
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TRADES TO WATCH
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Article118 2004-03-16 6 TEMASEK Holdings Pte Ltd pared its stake in plastic injection moulding specialist Sunningdale Precision Industries last Thursday by selling 10.1 million Sunningdale shares through investment vehicle Century Private Equity Holdings on the open market and in a married deal. Temasek, which is also deemed to be118 words
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88 2004-03-16 6 "POPIAH King" Sam Goi's Tee Yih Jia Food Manufacturing Pte Ltd has been accumulating shares in restaurateur Thai Village Holdings, the latest being the purchase of 8,000 shares on the open market for an undisclosed price last Friday. In the past three weeks,88 words
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10 2004-03-16 6 Kenneth Lim - Compiled by Kenneth Lim10 words
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Article, Illustration416 2004-03-16 6 OTHER SINGAPORE INDICES Mar 15 VALUE CLOSE BT OB/OS -502.00 +146.00 BTCAM -*****.00 -19.00 BT 10-day MA -*****.00 -51.00 AMO EquHit 496.86 -0.26 SQEquW—Ehct 172.99 -1.62 $GBiuftie*nn 1508.03 +7.90 SG Equities Prop 455.25 -1.30 smsa 222.39 +0.32 SiMSCI Futures 220.60 -1.70 Stocks Votaw Intenra 5c 33,735,000 Unified Comm 8c 24,012,000416 words
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SMALL caps
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Article, Illustration970 2004-03-16 7 TEH HOOI LING - Riding on the crest of the industry's up-cycle, the group sees revenues and profits soaring in the coming years, reports TEH HOOI LING TEH HOOI LING JUST like Neptune Orient Lines, "the stars and the planets and everything are in alignment" for Ezra Holdings. RidingFILE PHOTO - 970 words
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351 2004-03-16 7 Teh Hooi Ling - By Teh Hooi Ling WITH sentiments being affected by the Madrid bombing, stock prices retreated in the last five sessions. In line with the market, our small-cap portfolio also declined. It slid 1.5 per cent, holding up better than the Straits Times Index which fell351 words
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Page 7 Advertisements
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Advertisement296 2004-03-16 7 www.caltex.com.sg What Drives You Putting yourself in the middle of the action It's going to be an action packed month of celebrities, golf stars and exciting promotional events, so make sure to fill out your score card. And it's not just for fun, it's for charity* Over the past 4296 words
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Article, Illustration1064 2004-03-16 8 Transaction date: Mar 15 PtTERBAMK CROSS RATES A$ C$ to* Un WH INK Vw KM 112$ P»fc R» Pt»o SStend Sfr WT$ Baht Pound US$ Australia 0.980 6.104 0X99 5.733 ***** 63X70 OJO 8X45 2.795 1.136 ***** 4WI1 1259 4.961 0.938 24.586 29.036 0.407 0.736 Canada 1.020 6.226 0.6111,064 words
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Advertisement165 2004-03-16 8 p,.r--v -,-q >,v- i r >* v* <v v qjr; f? t >*. 5 >0 '\H-' *fcs3€?f; V»*' <.■*,>■* owrv 4 £>&N§p«»?■ fs v g I fcw 88F1®® r '1 v> J*x: »A\" §>*f Y'X .*'l ?,*Tv JN? > jM; a/1 &jfe W J X -IB < j I a;165 words
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Advertisement481 2004-03-16 8 To advertise oil toll-free 1800 289 B*ll/ Em 11; notices gspLcom-sg^ IN THE MATTER Of THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF RICHARDS HOGG UNOLEY (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting481 words
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Advertisement117 2004-03-16 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ISUHARA TRADING PTE LTD (In Voluntary Liquidation) NOTICE OF RNAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will117 words
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SINGAPORE news
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Article, Illustration768 2004-03-16 9 Kalpana Rashiwala - Takashimaya posts 2003 profit of 10.6m Turnover at major department store dipped 2%, bat it's aiming for 5-6% sales gain this year By Kalpana Rashiwala TAKASHIMAYA Singapore, operator of the island's biggest department store, posted a $10.6 million pre-tax profit for the year ended December 2003. This was down fromCompiled by BT - 768 words
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210 2004-03-16 9 Natalie Koh - EYE on the economy Natalie Koh OVERALL retail sales ih January, at constant prices, rose 8.7 per cent compared with a year ago. This was due largely to increased motor vehicle sales, which accounted for 26.4 per cent of the total retail industry. Motor vehicle210 words
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501 2004-03-16 9 Chuang Peck Ming - This is against January's pace of 2.7% from a year ago By Chuang Peck Ming AFTER a weak start for the year, growth in Singapore's key non-oil domestic exports (NODX) is tipped to have picked up strongly in February fuelled by a comeback501 words
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465 2004-03-16 9 YESTERDAY IN PARLIAMENT But some wonder if it's enough to re-invigorate prime retail scene MARKET watchers welcomed news that the government has set aside $59 million to help landlords fund underground linkages and connectivity between buildings along the prime Orchard shopping belt and downtown465 words
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354 2004-03-16 9 OUTSOURCING is an important cost-saving measure employed by the Ministry of Defence as it adheres to its policy of "prudent spending", said Minister for Defence Rear-Admiral Teo Chee Hean yesterday. Speaking in Parliament, Rear-Admiral Teo revealed that the maintenance of a C-130354 words
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256 2004-03-16 9 THIRTY-ONE Singapore-based companies will take part in this year's CeBIT show the world's largest trade fair for the IT and communications sector which starts this Thursday in Hannover, Germany. International Enterprise (IE) Singapore will lead 22 of these companies to the sevenday fair.256 words
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Advertisement189 2004-03-16 9 Discover why H con *l»tontly rank* ■j as one of the world's top providers of I Hlexecut/ve g education! i Singapore ,1 Effective Sales Management Apr 19 21,2004 ft Hong Kong fa Developing the Manager in You Apr 26 28,2004 Hj I Leadership In Action Apr 26 30,2004 mm H189 words
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Page 9 Miscellaneous
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Miscellaneous298 2004-03-16 9 CRYPTIC CROSSWORD has to amoose (8) 30 perator wilhout time to 9®* 21 bonfire and collapse 5 6tS 8 SeC nd DOWN 22 Foolish| y agrees to use a lu- 5 looK (b) bricant I'll 9 xsskssb 1 SLrr res,den ,n N N N Hm.M N 'SS?" y nn n298 words
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FOUCS property
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Article793 2004-03-16 10 Andrea Tan - Promises of rental yields, capital gains are tempting but beware of risks, says Andrea Tan Andrea Tan THAILAND'S property market is as hot as its famous torn yam soup. So, should you take the plunge and buy that villa by the seaside which promises 5 to 10793 words
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Article36 2004-03-16 10 UNIT TRUSTS FUNDS LEGEND:All prices are indicative accept; for Ex Ringgit Acessies;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 afterstock split N.A-Non Dealing Day36 words
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Page 10 Advertisements
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Advertisement248 2004-03-16 10 M/f LOOklnO Brand new Freehold Kr\r A W 1 -335 sq ft onwards ml rOl M u. Ground FloorH Good Deal J 1,900 sq ft \A MJ warehouse available 7 Affordable Own from $0.80 psf/mth I Minutes to MRT I Ideal for most trades Good loading/unloading facilities Ample parking J248 words
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Advertisement153 2004-03-16 10 /WK\ Jones Lang W LaSaile. Freehold Tenure 7i Site Area: 104,205 sq ft (approx.) Plot Ratio 1.6, up to 12 storeys —^^a\( Near Holland Village Orchard Road Close to Reputable Schools 1 /f/ W Easy access to Central Business District /g/ 9J f and major expressway BSfftffCT For Sale by153 words
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Advertisement59 2004-03-16 10 Land 5,068 sq.ft Built-in: 6933 sq.ft 3 Stbreys Freehold Ideal for any trade Rental Return $5,500 per month Potential for Enbloc Pis contact ***** 128 HORIZON U6ksm SPACE FOR LEASE Building/Road Est. Area (sq.ft.) CPF Robinson 576 6,300 CPF Jurong 2,271.40 CPF Tampines 1,086 12,165 Henderson Ind Park 4,370 7959 words
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REGIONAL news
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516 2004-03-16 11 KUALA LUMPUR Strategic investors may be offered stake; unknown if Temasek will bay in Bloomberg TELEKOM Malaysia Bhd may sell shares in its cellular unit by October, chief executive Mohd Khir Abdul Rahman said, but he declined comment if Singapore'sBloomberg - 516 words
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341 2004-03-16 11 [HONG KONG] Perennial badboy Nicholas Tse reckons that one with GUITAR would be cool. Popstar girl band Twins like TWINS 222 because, well, they are a double act. And singer Leo Ku Kui-kei plans to get one made with ILOVEYOU to propose341 words
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337 2004-03-16 11 BEIJING Bering also fears EU enlargement will hurt its exports AFP CHINA yesterday pressed its demand to be considered a full market economy and told European Union (EU) Trade Commissioner Pascal Lamy it wants compensation over the EU's enlargement. Mr Lamy met yesterdayAFP - 337 words
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Article382 2004-03-16 11 SINGAPORE AP SHELL'S deep-water oil discovery off the coast of Sabah state has renewed the focus on a tussle between Malaysia and neighbouring Brunei over offshore oil acreage. Shell Malaysia announced the discovery potentially the country's most significant in years from its Gumusut-1 exploration wellAP - 382 words
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152 2004-03-16 11 BEIJING AFP CHINA may impose a unified real estate tax to replace a plethora of fees that currently push housing prices to sky-high levels, state media said yesterday. The unified tax could slash housing prices by as much as 50 per cent, the ChinaAFP - 152 words
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NOTE Book
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88 2004-03-16 11 Bloomberg [BANGKOK] Seagate Technology, the world's biggest computer disk drive maker, and rival Western Digital Corp plan to invest 17.5 billion baht (Ss7sB million) to boost capacity at their factories in Thailand, a Thai government spokesman said. Seagate will spend 11.6 billion baht to expandBloomberg - 88 words
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Article84 2004-03-16 11 Reuters [KUALA LUMPUR] Malaysian exports grew 7.5 per cent in the year through January, way below market expectations due to a surprise data revision, but analysts said growth in the key electronics sector was still vibrant. January exports were RM34 billion (5515.3 billion), down 12 per centReuters - 84 words
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93 2004-03-16 11 Bloomberg [KUALA LUMPUR] Malaysia's central bank said it hasn't given approval to Citibank NA and two other foreign lenders to set up fUll-fledged Islamic banks, denying a media report. The Malaysian Business Times reported yesterday Bank Negara Malaysia gave the Malaysian units of CitigroupBloomberg - 93 words
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Article95 2004-03-16 11 Reuters [BEIJING] China's retail sales, which Beijing hopes will play a larger role in driving economic growth, were 10.5 per cent higher in the first two months of 2004 than a year earlier, powered by buying of cars and mobile phones. Also, foreign direct investmentReuters - 95 words
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87 2004-03-16 11 [MANILA] The sale of a stake in the Philippine Stock Exchange to external investors survived a challenge from stockbrokers at the weekend during the annual meeting, the Financial Times reported yesterday. Representatives of the six local and foreign groups that last month paid 73387 words
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Article85 2004-03-16 11 Reuters [TAIPEI] Taiwan's gross domestic product (GDP) this year is likely to expand more than 5 per cent over 2003, while the jobless rate will fall to about 4.sper cent from 4.99 percent in 2003, the Cabinet's chief statistician said yesterday. The GDP growth forecast exceededReuters - 85 words
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Advertisement119 2004-03-16 11 I HDBHub@ToaPayoh I -1| Office For Lease I h Floor areas of I 3,000 sqf onwards I 11 I High low floors 9R lobby MB H| islsß Immediate occupation Attractive atoES package I fi&tnKfllgiitFnnkPfcLtt Colter* ktfcmrton* I M angary 81m l para)PteLM I 22 •turiMKtmn "Zr-, Virgin Islands □Lfldtuimas TTniWWltt119 words
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Advertisement11 2004-03-16 11 ft r eyeing 50% I I or window I I maintenance!11 words
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Advertisement199 2004-03-16 11 Financial Services f SHrT M School of Risk Management I Rnandai OCi VILCID seminars Understanding Foreign Understanding Trade Exchange Money Products and their uses in Markets international trade s-8 Apr 2004 24 25 Mar 2004 $1,470.00 members $1,764.00 non-members $525.00 members $682.50 non-members Gain a strong foundation in foreign Get199 words
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EDITORIAL & opinion
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Article, Illustration841 2004-03-16 12 william pesek jr - THE bottom line OPINION william pesek jr Bloomberg INDIA is reaching an important milestone and it's doing it at China's expense. Asia's No 3 economy is overtaking its No 2 as the largest recipient of low interest-rate loans from Japan. It's a backhandedBloomberg - 841 words
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Article44 2004-03-16 12 'It's been said that Europe has had a name for 2,500 years but is still in the design stage.' -Timothy Garton ASh an Oxford specialist in European studies, on the new European Union, stretching from Ireland to Poland's border with Ukraine.44 words
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Article614 2004-03-16 12 EDITORIAL IT IS now open season in Indonesia's parliamentary elections as the nation's largest political parties battle for the hearts and minds of some 140 million voters. No expense is being spared by the political heavyweights in ensuring that their party symbols are most prominent as they fight614 words
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Article, Illustration1376 2004-03-16 12 Ong Yong Hwee - Learning about either involves both the mind and the gut By Ong Yong Hwee WHAT is a bicycle? This is not a trick question. There are two ways to find out the answer. One is through borrowed knowledge. You can get to know moreREUTERS - 1,376 words
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509 2004-03-16 12 Leong Sze Hian Singapore - MAIL bag Leong Sze Hian Singapore I REFER to media reports that banks may lose up to $50 million a year in fees when CPF investments are centralised. I would like to support the proposed change to centralise the administration of CPF investments under one509 words
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Article1576 2004-03-16 13 S1C0M FUTURES Mar 15 RU88ER FtitwM (Owing prices) RSS1 (S cwtsAD Oom VoiMM Opto Mont* Wgfc L— Salt (two) totemt Apr 04 ***** May 04 236.75 Jm 04 ***** JHl/Scp 04 ***** Oct/Dec 04 ***** JarfMar 05 ***** RSS3(U$cMts/kq) VokMM Open Mwtt Wfj> low Sett (tomef) Interest Apr 041,576 words
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WORLD news
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486 2004-03-16 13 LATEST US INDICATORS More industrial capacity in use as companies restock shelves Bloom berg [WASHINGTON] US industrial production rose a larger-than-forecast 0.7 per cent in February as companies made more cars, electronics and business equipment, a report from the Federal Reserve showed yesterday.Bloom berg - 486 words
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WORLD Watch
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153 2004-03-16 13 [LONDON] Executives at Royal Dutch/Shell have been exploring hiring Harvey Pitt, the former head of the Securities and Exchange Commission (SEC) of the US, as a consultant while they consider strategies to resolve the crisis at the oil company, the Financial Times said. The153 words
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82 2004-03-16 13 Reuters [MADRID] Spain's incoming leader Jose Luis Rodriguez Zapatero indicated yesterday he would probably pull Madrid's troops out of Iraq in a major swing away from his predecessor, Jose Maria Aznar's pro-American foreign policy. Mr Zapatero said his Socialists' surprise win in Sunday's generalReuters - 82 words
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101 2004-03-16 13 Bloomberg [NEW YORK] US securities firms Morgan Stanley and Lehman Brothers Holdings Inc may report this week that first-quarter profit rose, buoyed by bond tradjntf and sales. Net income at Bear Stearns Cos is forecast to drop 5 per cent, according to analystsBloomberg - 101 words
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Article, Illustration365 2004-03-16 13 NEW YORK Reuters, NYT RICHARD Grasso, former New York Stock Exchange (NYSE) chief, was, if anything, underpaid, said a key architect of Mr Grasso's controversial US$lBB million compensation package. "This guy Grasso saved the world. We couldn't pay him anything close to what he wasReuters,; NYT; BLOOMBERG - 365 words
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186 2004-03-16 13 TOKYO Bloomberg CONSUMER spending is picking up in Japan, the Cabinet Office said yesterday, suggesting that an economic recovery may be spreading from exports and business spending. The economy as a whole "continues to recover steadily", the Cabinet Office said in the monthly economic reporter March.Bloomberg - 186 words
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437 2004-03-16 13 BRUSSELS Anti-trust ruling finds it abused its Windows monopoly Bloomberg, AP AP EUROPEAN Union governments have given unanimous backing to regulators' plans to sanction Microsoft Corp for breaching antitrust laws, the European Commission says. National regulators held a closed-door meeting here yesterday toBloomberg, AP; AP - 437 words
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314 2004-03-16 15 NEW YORK Deal said to be largest private equity investment ever made in a technology company Reuters ELECTRONIC Data Systems, the No 2 US technology services provider, on Sunday agreed to seU a software unit to three buyout firms forReuters - 314 words
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Article, Illustration317 2004-03-16 15 GENEVA Corporate VP to take over when CEO retires in 2005 Bloomberg SEMICONDUCTOR giant STMicroelectronics plans to name company executive Carlo Bozotti as chief executive officer starting in 2005 to replace Pasquale Pistorio who will retire. The appointment of Mr Bozotti, 52, has toBloomberg; FILE PHOTO - 317 words
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120 2004-03-16 15 SEOUL Bloomberg SAMSUNG Electronics Co forecast a global shortage of computer memory from the third quarter following two quarters of oversupply. The world's second-larg-est semiconductor maker said supply of computer memory known as dynamic random access memory (DRAM) will exceed demand this quarter, theBloomberg - 120 words
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Article795 2004-03-16 14 Transaction date: Mar 15 I**—— w <!■ a—pi mki ■> o— OMf» 0J4 l.tW NO. ISO 1JBI -***** KMUOk <L» 0760 <0006 OCK 10} 12 .'ju 4100 1.22 IMP 0020 H 2* ou i one ooto Oiwl tamf w«i 2ft 1)0 1570 fl OKI fwpb'i food HUOr 053 1620795 words
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Article695 2004-03-16 14 BONDS WARRANTS Prc«n Expiry Tat Last Vol Corn bar Disc Gear Mths Coda Cowpaay Sale ♦or- COOP) Urtto Price It Left 3698 ASTIW*****1 .43.5 0.5 76 1 16 -3 1.41 3 3697 AcmaUdW*****6 .0.5 1 50 531 16.00 8 3602 Amtek W*****0 100 unch 12 1 33 2 1.31 15695 words
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Page 14 Advertisements
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Article72 2004-03-16 15 U-Wk T«l Lact Vol Day Last Quo" GrOtv Ov GrVW NM MCap Hl#i I—i Cmi» Cimpwir Sal* W- CBBO) W0i Lour t»y» Sdhr Cw Wi SiJ MO 2000 Ml Diamonds US2060cd 2120 ***** 6095 IS DJ US Tech US3740 6097 ISMSCISpore USSSS 6101 ISSAP500 US8270 ***** 9650 617072 words
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Article1967 2004-03-16 15 O-M W Lact Vol Day Last Quote GrtNv On GrVM Hat MCap W# Uar Code Ciwmi Ma W- fWOt H0i Low ■■yar Sdter Cw M hi 26 75 5000 AMHWgtSc 16.5 +05 16 165 165 165 175 31.8 42 146 2101 APCMfc 315 -05 S3 31.5 31.5 3151,967 words
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Article349 2004-03-16 15 52-Mi Td last Vol Day Last Quote GrfHv Dry GrYld Net MCap W0» Low Coda Cownwy Sate W- (TWO) HW Low »«y Sa«ar C»r HE twa 209 96 6000 AVJennings A25c A207 +6 168 209 202 204 207 40 8.8 4 8 7.8 4455 6001 CathayPac20c HK720 265349 words
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THOUGHT leadership
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Article, Illustration1490 2004-03-16 16 Stuart Crainer - Leif Edvinsson talks to Stuart Crainer about work and the 21st century knowledge economy Stuart Crainer LEIF Edvinsson's business card labels him a "Global Knowledge Nomad". The restlessly peripatetic Swede is a former winner of the Brain of the Year award, which is awarded by1,490 words
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Advertisement64 2004-03-16 16 f ■>. -v ;sf>—, v r ,§.:,<.?|y-'-si^-■ 4 l fei^'?"'■ 'V'- ,>: ■>■-. jf.. 4 www.rabobank.com Bangkok 66 2 679 5155) Beijing 86 10 6461 5552) Hong Kong 852 2103 2000) Jakarta 62 21 252 0876) Mumbai 91 22 2203 4567) New Delhi 91 11 2301 0404) Shanghai (+8621 58864 words
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SHIPPING TIMES
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Article, Illustration570 2004-03-16 17 Donald Urquhart - Its BOT offer for S$378m container terminal has highest revenue share By Donald Urquhart [SINGAPORE] The MaerskConcor consortium vying for the plum concession to develop and operate a new 10 billion rupees (Ss37B million) container terminal at India's booming Jawaharlal Nehru Port (JNP)570 words
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221 2004-03-16 17 Reuters [HONG KONG] THE container shipping arm of state-run China Shipping (Group) has applied to the Hong Kong exchange to launch an initial public offering that sources have said would be worth up to US$2 billion. "The listing is waiting for stock exchange approval,"Reuters - 221 words
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381 2004-03-16 17 Beth Jinks - Howard rejects US-style homeland security department By Beth Jinks [SINGAPORE] Australian Prime Minister John Howard called an emergency conference of the National Counter-Terrorism Committee yesterday specifically to address transport security, but rejected opposition calls to set up a US-style homeland security department to counter381 words
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280 2004-03-16 17 CHINA, Germany, Norway, South Korea and the United Kingdom, together with host country Singapore, are among the traditional seafaring nations with substantial interests in the maritime industry that will put up "national pavilions" at the Asia Pacific Maritime 2004. In its280 words
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Article, Illustration161 2004-03-16 17 AFP [BEIJING] Two French police officers accompanied by Chinese police on Sunday began examining a Philippineflagged freighter suspected of a possible role in the sinking of a trawler which left five French fishermen dead, a diplomatic source said. The officers, holding a warrant for internationalAFP - 161 words
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257 2004-03-16 17 THE British Marine Equipment Association (BMEA) will lead the UK contingent to the Singapore show. The UK pavilion comprises equipment suppliers, ports and terminals. "We hope to see leads and enquiries generated and firm orders placed. Also important are the opportunities for networking that257 words
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Article292 2004-03-16 17 SGX '000 UlUrlS SS W- Vol CH Offshore .0.34 -0.01 2717 ChuanHup .0.53 -0.01 1166 Cosco Investment 0.88 -0.01 2127 CWT Distribution 0 54 -0.01 58 Ezra Hldgs 109 -0 02 338 Freight Links .0.12 unch 493 GB Holdings .0.73 -0.01 5 Java Holdings 0 77 0.03 3364292 words
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AVIATION news
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Article, Illustration714 2004-03-16 18 EU ministers reject US terms as unbalanced NYT [LONDON] US airlines and passengers hoping for a deal to open vast markets on both sides of the Atlantic were disappointed last week when European Union transport ministers rebuffed US terms. A so-called "open skies" agreementNYT; AFP FILE PHOTO - 714 words
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SHIPS IN PORT
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Article572 2004-03-16 23 Vessel Voy No Berth Arrival Departure JURONQ PORT/MULTI-PURPOSE TERMINAL ATLANTIS 7 A7186 J3 A/SIDE 16/03 0630 DAFA 019W J17/18 A/SIDE 16/03 0600 RIMBASATU DENNIS J11 A/SIDE 16/03 1200 SESEAS 53A J22 A/SIDE 16/03 1500 TERANG 18 E4070 J3 A/SIDE 16/03 0230 TROPICAUAYA OT/1856 J13 A/SIDE 16/03 0630 WINSTAR572 words
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Article145 2004-03-16 23 Mar 21 Japan: Vernal Equinox Day. Apr 4 HK: Ching M Fest. 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 0 Sweden: Good Friday. Singapore: Good Friday. Philippines: Day of145 words
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Article799 2004-03-16 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the799 words
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Article79 2004-03-16 23 U/F unfilterable This report is based on samples as analysed by DNV Petroleum Services and is on abstract from their more detailed fuel quality statistics which is malied to participating shipowners. Key bunker ports have been grouped in geographical regions for brevity.Comperison has been made with79 words
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AIR & LAND transport
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Article, Illustration240 2004-03-16 24 Beth Jinks - By Beth Jinks [SINGAPORE] Singapore Airlines Cargo (SIA Cargo) will boost services to Los Angeles, China, India and Europe from the end of this month to meet rising air freight demand during the northern hemisphere summer season. The air freight arm of Singapore'sFILE PHOTO - 240 words
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Article, Illustration483 2004-03-16 24 Costs are down while income and yields are up, says its president Reuters [BERLIN] Dubai-based Emirates airline expects its current business year to end on a strong note and sees further growth next year, its president said on Sunday. "It's going to be anotherReuters; FILE PHOTO - 483 words
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234 2004-03-16 24 AP [JAKARTA] The Boeing 727 jet once used by Yugoslavia's late strongman Josip Broz Tito will join the fleet of a new budget carrier in Indonesia's Papua province, an official said yesterday. The plane, known by its registration as YU-AKH, is one of threeAP - 234 words
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250 2004-03-16 24 AFP [KUALA LUMPUR] Rescuers were combing dense jungle in Malaysia's central Selangor state after finding tracks leading from the wreckage of a light aircraft which crashed four days ago with two people on board, officials said yesterday. The pilot of theAFP - 250 words
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411 2004-03-16 24 Bloomberg [TOKYO] Skymark Airlines Co's fiscal first-quarter loss narrowed by more than a fifth, as the Japanese lowfare carrier added flights and competition eased with bigger rivals such as All Nippon Airways Co. The carrier left its full-year profit forecastBloomberg - 411 words
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211 2004-03-16 24 AP [BANGKOK] Thai Airways International has revised its flight schedule, adding three new destinations while reducing travel to others to reflect demand, a company spokesman said on Friday. Thai Airways will launch flights to Bangalore, India, starting on March 29; Jihong, China, starting March 31;AP - 211 words
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Article400 2004-03-16 24 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 EVA400 words
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Page 17 Advertisements
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Advertisement336 2004-03-16 17 PEOPLE CLASSIFICATION society ABS has named Todd Grove president of its ABS Americas Division from May 1, replacing Robert Kramek who will assume the role of president and chief operating officer of ABS. A 21-year veteran of ABS, Mr Grove is currently vice-president, Western Region, for ABS Europe. He joined336 words
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Advertisement31 2004-03-16 17 w. \*m j l y& ASIA PACIFIC MARITIME 2004 fit 24 26 MARCH 2004 L jßp&i SINGAPORE EXPO, HALL 3 SIA Cargo to increase KgMjiH services this month HHH BACK PAGE31 words
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Advertisement630 2004-03-16 18 IMPORT NORTH AMEBIC* If 7 AUSTRALIA/NEW ZEALAND s—i i PftO NIOUOYD KOK 37W09 03/03 21/03 23/03 *2! 55 s!® 55 3L_ M B* 10$ ANGEUS EXPRESS OJWIO 10/03 21/03 30/03 MYIP*IOI 44* OMIT 00/03 10/03 12/03 14/03 21/03 23/03 PftO NEDUOYD SOUTHAMPTON 40W11 17/03 04/04 04/04 A* IVORY 70N 14/03630 words
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Advertisement353 2004-03-16 18 WORLDGATE EXPRESS UNES PTE LTD 180, Cecil Streat, ***** AM, Bangkok Bank Building, S*pora *****6 Tel: *****911 Fax: *****073/*****863 Email: wgateombox2.alngnetcom.Bg WEBSITE: http./Avww.worldgafe com.sg IT*".,, Calcutta ifChlttagong MADRAB/BANQALORE 117/03 I Karachi KARACHI/LAHORE 21/03 Bombay\ /Madras 7 gl l¥lßUrfla CALCUTTA 20/03 CHITTAQONQ 20/03 NHAVA SHEVA/N. DELHI 17/03 II PORT LOUIS 17/03353 words
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Advertisement747 2004-03-16 19 r CombkiM a range of shipping mocks to ensure timely, refabie services covering in North Anwrico, Europe, Japon, Asio, Africo Ooorea. Als« occapt Intra-Asia Grgots to: 88tf— aß{sga»«',«!MWmßU. For Schedules, BL Searches, ond Container Tracking, click on our Home Page: www.moliin.cotn.m hmkib TO ADVERTISE, CALL JOE WONG AT 6319 2062747 words
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Advertisement691 2004-03-16 19 rnCTAD CuSir nTe irn li RAFFLES QUAY#36-01 SALES/BKGS TEL *****857/43 FAX: *****321/24 COSTAR SHIPPING PTE LTD HON6 LEONG BUILDING OUTWARD (B/U *****802 *****325/75 CR NO. **********0 M SINGAPORE *****1 INWARD (D/O) *****786 *****319/49 JOHOR'S OFFICE: TEL 6226 1900 (MAIN) T/SWPDEP *****825 *****316/46 COSTAfi AGENCIES M SDN BHD TEL 07-363 8166691 words
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Advertisement528 2004-03-16 19 |VBSa TP IKG PACAQUIU \m 23/3 2V3 26/3 NEW DYNAMIC 056 A ~WT M~ LSATUINI4OSN I 30/3 I 31/3 I 2/4 I I PERTH BUDGE I OSOA H/T ffll HOLNIS IOI9N I 6/4 I 7/4 I 9/4 I NEW DYNAMIC 057 A 1/4 1/4 'VSL cdlng both North W«stport VBSa528 words
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Page 20 Advertisements
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Advertisement1571 2004-03-16 20 \an\wanhai lines Tel: 6226 1568 Fax: *****163 INTRODUCING:i NEW WEEKLY EXPRESS SERVICE TO: NHAVA SHEVA f CALLING SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY For mora details, call HOTLINE: 6226 1588 1800-*****00 K, V r V v _;r <><& u NOJTTRANS SHIPPING AGENCIES i\l A# fl /Yin ANS1,571 words
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Advertisement558 2004-03-16 20 BSA a. MYANMA HBB FIVE STAR LINE (Myamor National Una) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 327W SID HPA-AN 318W SLD IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKI: 03-317M101 PEN: 04-2****** A— fli ACCEPTINQ CONVENTIONAL CBO VESSEI VOY HKG SIN PGU PU KUC JAGUtANDA ACE558 words
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Page 21 Advertisements
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Advertisement1342 2004-03-16 21 Vf SStl VOY KHH HKO I SIN PKI I PXB I BAB IPMM MK 1 CAPE FRIO PCLBO2S SKIP SKIP 15/03 16/03 24/03 25/03 31/03 02/04 IRAN SATTARI PCLBO23 SKIP SKIP 18/03 19/03 28/03 29/03 05/04 07/04 IRAN SHAHRYAR PCLBO29 SKIP SKIP 26/03 27/03 04/04 03/04 12/03 14/04 IRAN SATTARI1,342 words
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Advertisement689 2004-03-16 21 i ifrrrjlk UK CONTINENT SERVICE Loading for PANORMOS PRIDE RTM/ATW/BMNAJK/NAN GLORIUS RTM/ATW/BMNAJK/NAN Loads Singapore, E-/W Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for PLAMER DBI/ABU/DOH/BRN/DMM/KWT OLIVETTE DBI/ABU/DOH/BRN/DMM/KWT REGAL STAR HDD/JDH/AQA 'Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for STELIOS B CAM/NOL/SAV/TPC NENA M CAM/NOL/NFK/SAV •Loada E-/W. Malaysia, Indonesia F.E./S.E.A. SERVICES S689 words
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Advertisement709 2004-03-16 21 _msa m m e&si jam m su *i JACJAMM 1166N 16/03 16/03 PAt SULU im IAZ&2 2fiZfi2 fAOAHPA IIiZM 12/81 !i/2L_ AI AM lAT A 7 MM 2L03 *****— PACIAMPA 116|!! l|/03 19/03 Pit Mill Elflti 2243 2IM PACIAMDA *****1 20/03 21/P3 ALAMJAYA2 Mil 28/03 _30/03 juMmt H7OII M/ 03709 words
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Advertisement26 2004-03-16 22 New Container-Service connecting Asia and the Middle East is now at your service. I Check it out in page 3 Shipping Times for more details. J26 words
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Page 23 Miscellaneous
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Miscellaneous115 2004-03-16 23 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers F u circ,e w/o ine indicates calm or light and variable winds Rain One half fleche represents 5 knots Cloudy Day One full fleche represents 10 knots x Hazy A «One solid triangle represents 50 knots Centre of Tropical115 words
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Advertisement197 2004-03-16 24 wmrnrxm. T^dvertiMMlUo^re^Bo^BMB2^Email^otic««s^com^ NOTICE TO TRADE FAR EAST/ALL INDIA (EXCEPT NHAVA SHEVA/MUMBAI) BANGLADESH AND SRI LANKA TRADE. RATE RESTORATION FROM IST APRIL 2004 In order to maintain a high standard of service to their customers, the major Carriers serving the trade from South East Asia, Far East to All India (except197 words
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