The Business Times, 24 March 2004

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Total Pages: 30
1 30 The Business Times
  • 15 1 MITA (P) 023/03/2004 85C THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg WEDNESDAY, MARCH 24, 2004
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  • 527 1  -  China leads as destination of choice, followed by M'sia, Indonesia By Daniel Buenas [SINGAPORE] Singapore SMEs have the second highest proportion of companies that have transferred or plan to transfer part of their business overseas when compared to their international
    Source: Grant Thornton International  -  527 words
  • 690 1  -  Purchase pots it ahead of DBS, UOB in Indonesia By Joyce Koh, Loh Hui Yin [SINGAPORE] Oversea-Chi-nese Banking Corporation has leap-frogged its Singapore banking rivals in Indonesia by paying about $119 million for a 22.5 per cent stake in Bank NISP, the
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  • 79 1 Dsn 1,818.41 (+6.25) ST INDEX FUTURES 1320-00 (+5.00) mm simsci U 220.28 (+0.99) SIMSCI FUTURES 220.30 (+1.10) Tuesday Change KLSE COMP 897.87 -11.U9 NIKKEI 225 11,281.09 -37.42 HANG SENG 12,588,16 +37.45 SET INDEX ***** -2.12 JAKARTA COMP __736.44 -6.47 MANILA COMP 1,418.73 12.94 TAIPEI WPI 6,172.89 -187.03 SEOUL COMP
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  • 74 1 FOREX RATES US* SS l'S$ (SS per l!S$) 1.689 £(1JSS/S$ per 1.846 II16 El'RO(l!SS/S$/E). 1.235 2.085 YEN 106.8 6:5.20 RM 3.800 1251 HKS 7.794 4.616 BAHT 39.49 23.39 RIJP1AH WH 5,086 RENMINBI 8199 4.915 INDIAN RUPEE 44.93 26.61 A$ 1,328 0.786 NZ$ 1.513 0.896 rr PRIME RATES SINGAPORE 5.25
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  • 565 1  -  Consultancies put Q1 volume at no more than 800 By Andrea Tan [SINGAPORE] It has been a slow quarter for new-home sales, at an estimated 500-800 units. Less than two months ago, developers were expecting "at least a 5 per cent"
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  • Page 1 Advertisements
    • 277 1 Going for gold in metals f$* x +>> v%f| An investor's guide to the current bull market ;f in base metals and commodities. EXECUTIVE MONEY, PG 5 A* :> r V f 7 v r -'j*r V V V. rrr'-c Ov\ 1i v ■HIIIIIII 8 "***** V *****4" Why do
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    • 22 1 The BIG questions for the shipping industiy A special six-page section on the Asia Pacific Maritime 2004 show, with today's Shipping Times
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  • NEXT page
    • 696 2  -  BT exclusive Owner Mapletree is lining up attractions to meet ambitions target By Kalpana Rashiwala [SINGAPORE] The Harbour Front Mall, when completed in late 2006, aims to have 30 million people trek through its doors each year, and spend more than $1 billion
      696 words
    • 601 2 ELECTION AFTERMATH But analysts see volatile trading in the near term AFP, Reuters [TAIPEI] Taiwan markets came off early lows yesterday as sentiment steadied, following news that President Chen Shui-bian was ready to allow a quick vote recount as demanded by
      AFP,; Reuters; AFP  -  601 words
    • 481 2  -  This year's annual report will be in more hands By Loh Hui Yin [SINGAPORE] Temasek Holdings' first public annual report since it was founded 30 years ago will undoubtedly be a most sought-after corporate document. As a private-exempt company, Temasek isn't required
      481 words
  • Page 2 Advertisements
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      136 words

  • SINGAPORE companies
    • 509 3  -  Alliance includes co-investing in a tank farm here that may cost US$220m By Loh Hui Yin IN a move that sent its shares soaring, China Aviation Oil (CAO) yesterday unveiled a strategic alliance that brings together three major energy components in the
      CHRIS LOH  -  509 words
    • 260 3  -  By Tang Weng Fai BUOYED by rising demand for Internet connectivity, Sing Tel will spend about $10 million to increase its bandwidth by more than 50 per cent to more than 5 Gbps (gigabits per second) at its Tampines-based Internet exchange by early
      260 words
    • 603 3  -  HOCK lock siew Angela tan NOW that Singapore Telecom will receive $2.2-2.3 billion for selling its stake in Belgacom, some analysts say the local telco should use most of the money to cut its $8.5 billion debt, rather than to pay special
      603 words
  • Page 3 Advertisements
    • 94 3 I I INTRODUCING THE ALL-NEW 2004 GRAND VOYAGER. j CO THE ULTIMATE F E ATU RES- D R IV E N MPV. f oi^Bl J^fl BTR^paciou^^ ADV> ■BwSilß™ IMMIiVMPMmPiM THE CHRYSLER GRAND VOYAGER. Built by those who not only invented the MPV, but keep reinventing it with another long list
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  • SINGAPORE markets
    • Article, Illustration
      575 4  -  Compiled by VEN SREENIVASAN Singapore Airlines March 23 dosing: $10.50 GROWING confidence about the macro outlook for SIA has resulted in us lifting FYOS and FYO6 estimates 17 and 22 per cent respectively, based on our assumptions of increases in yield and load factors. We are also releasing
      Source: Bloomberg  -  575 words
    • 409 4  -  CHART POINT By K Ajith, Lim Say Boon OCBC Investment Research Pte Ltd THE breakdown in the Straits Times Index we predicted has started and we can see the index eventually heading towards 1,700. But it could stage a near-term fight-back that offers a
      Source: Bloomberg  -  409 words
    • 945 4  -  A longer view CURRENCIES larry wee AFTER a weekend that heightened worries about political instability in North Asia, and renewed fears yesterday that the US may be hit by a terrorist attack after Israel's killing of Palestinian militant leader Sheik Ahmed
      945 words
    • 546 4  - When being safe and defensive won't do BT comment STOCKS r. sivanithy ALL stockmarket players know that for prices to rise and keep rising, it's essential to have a compelling growth story. And it has to be one that's embraced if not by everyone, then at least by those that
      546 words
    • TRADES TO WATCH
      • 112 4 PRIVATE investment company 2G Capital yesterday became a substantial shareholder of recentlylisted Midas Holdings by raising its direct stake to 5.01 per cent from 4.44 per cent. 2G, owned by former JIT Holdings bosses Tommie Goh (left) and Gay Chee Cheong (right), bought 1.9 million
        112 words
      • 68 4 ANIMATED film producer Colorland Animation said yesterday that its shareholder Chen Tou Sin raised his stake to 7.4 per cent from 4.6 per cent through transactions between Oct 21 last year and March 11. Mr Chen bought almost 2.8 million shares, or a 2.8 per cent
        68 words
      • 111 4  -  Compiled by SERENA NG THE controlling shareholder of recently listed Action Asia, Action Electronics Co, yesterday bought one million shares in the open market at 33.5 cents apiece. The move raised its direct stake in the manufacturer of mobile audio and video entertainment products
        111 words
    • Article, Illustration
      422 4 OTHER SINGAPORE INDICES Mar 23 VALUE CLOSE BT OB/OS -371.00 +5200 BTCAM -*****.00 +28.00 BT 10-day MA -*****.00 -37.00 AH-SG Equities 492.79 +1.92 SG Equities Elect 171.70 +0.44 SG Equities Fin 1470.05 +12.18 SG Equities Prop 450.06 +184 SIMSa 220.28 +0.99 SaWSCI Futures 220.30 +110 Stock* Vol— Interra 5c 40,258.000
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  • EXECUTIVE money
    • 1128 5  -  Mining companies and investors tell Genevieve Cua that the demand for gold, nickel and other metals is growing, but supply can't keep up Genevieve Cua WHILE most inv e st or s weren't looking, a quiet bull market has been raging in base metals
      PHOTOS BY CHRIS LOH; Source: Bloomberg  -  1,128 words
    • 239 5  -  By Genevieve Cua INTEREST income from deposit accounts in 2003 and 2004 for amounts less than $100,000 will be subject to a new cap on the taxable interest, called the "benchmark interest income". The Inland Revenue Authority of Singapore (Iras) says the benchmark interest
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  • Page 5 Advertisements
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  • SINGAPORE companies
    • 369 6 Application services firm assessing damages OCBC Bank has lost its appeal against a High Court ruling in favour of IT solutions company Just Login in a case involving a scuppered deal. The case went back to 2002 when Just Login, in a suit
      369 words
    • 523 6  -  Counters hit by adverse factors including sale by mutual funds By Joyce Koh SINGAPORE banking stocks, which have been backpedalling from their 52week highs, saw a breather yesterday after being among the top losers on Monday in a market hit by a
      523 words
    • 377 6  -  By Serena Ng A GRANDSON of Malaysia's casino king and a Chinese partner have acquired a controlling stake in eßusiness consulting group Cyber Village Holdings and launched a mandatory general offer for the Malaysian company at nine cents per share. The unconditional cash
      377 words
    • 157 6  -  By Raju Chellam oirsviArUKiii tooK a aigitai step forward with the Eng Wah Organization completing the world's first "2K digital cinema deployment" at its fivescreen multiplex at Suntec City. Unlike film distribution, which costs about US$3,OOO a copy, digital cinema will be delivered via
      157 words
    • COMPANY Briefs
      • 77 6 SESDAQ-LISTED disaster management firm, Asiatic Group (Holdings), has secured contracts worth about $9 million to supply low and medium voltage rotary Uninterrupted Power Supply (UPS) systems to semiconductor manufacturers based in Singapore. The company said that the financial impact from these projects will depend on
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      • 67 6 MEDIA group Singapore Press Holdings (SPH) announced yesterday that its wholly owned subsidiary, Times Properties, had accepted a tender from Belgravia Properties for the Times House property at the junction of Kim Seng Road and River Valley Road. "We are pleased to announce that the
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      • 86 6 KEPPEL Telecommunications Transportation (Keppel T&T) said its wholly owned subsidiary, Keppel Communications, has disposed of its entire interest in PT Keppel Communications Indonesia (KCI) for around $623,800. The interest in KCI comprised 142,500 ordinary shares of par value US$l each, representing 95 per cent of
        86 words
      • 148 6 MAINBOARD-LISTED Roly International Holdings yesterday proposed a bonus issue of warrants on the back of an 11.8 per cent rise in net profit to US$l.3 million for its third quarter ended Jan 31,2004. The issue is on the basis of one free warrant for
        148 words
      • 59 6 RICHARD Seow, Citigroup Inc's top investment banker for South-east Asia, resigned after almost five years with the firm, less than a month after two colleagues had quit, according to a Bloomberg report. The report, which cited people who worked with Mr Seow as its source, said
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      • 108 6 CONSTRUCTION firm Low Keng Huat (Singapore) yesterday announced a 64 per cent fall in net profit to $1.5 million for its full year ended Jan 31. Revenue for the firm fell 14 per cent to $189.3 million, from $219 million previously, while earnings per
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      • 55 6 SESDAQ-LISTED EDMI, which makes and sells electronic revenue meters, has appointed Gerald Weatherall as an executive director and chief technology officer of the company. He will oversee the company's technological development, engineering and R&D operations. Mr Weatherall, 51, was previously general manager of Australia's Electronic Design
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  • Page 6 Advertisements
    • 224 6 PHEIM ASSET MANAGEMENT (ASIA) PTE LTD We are a fast growing licensed fund management company seeking suitable candidates for the following position: Your main responsibilities will include: Managing and improving investment operations, including supervising a team of investment operations < -am* fjftffr Supervising the internal awTpjiaoce,Junction. .•V .1 iA Prerequisites:
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  • SINGAPORE news
    • 409 7  -  $22m IDA-HP initiative will help firms catch the next wave in computing By Raju Chellam SINGAPORE'S R&D institutions will be able to tap global expertise via cyber infrastructure being set up by the National Grid Office (NGO) to connect to
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    • 406 7  -  McDonald's launches Wi-Fi network at outlets By Amit Roy Choudhury RESTAURANT chain McDonald's yesterday officially launched an open roaming Wi-Fi network at its outlets that is not tied exclusively to one Internet Service Provider (ISP). Dubbed the "second generation public Wi-Fi network", it
      406 words
    • 321 7 THE Singapore Management University has appointed Professor Howard O Hunter as its third president, starting from Sept 1. Prof Hunter will take over the helm from Prof Ronald Frank, who will complete his three-year term at the end of August. Trained
      LIANHE ZAOBAO  -  321 words
    • 294 7  -  EYE on the economy inflation By Daniel Buenas THE consumer price index (CPI) rose at its fastest year-on-year pace in almost three years in February, according to figures released by the Department of Statistics yesterday. The CPI rose 1.5 per cent from
      294 words
  • Page 7 Advertisements
    • 254 7 1 'i wCTIZZZI ■>- i T L Jaguar XJ named as the "Best Luxury Car" by THE STRAITS TIMES (3 January 2004) and TODAY (10 January *****. Jaguar XJR chosen as the "Best Performance Car" by THE STRAITS TIMES (3 January 2004], Winner in the Luxury Car Category in WHAT
      254 words

  • EDITORIAL & opinion
    • 753 8  -  THE bottom line OPINION leon hadar HERE they go again, those traitorous and anti-American "old" Europeans. That bunch of decadent French, effeminate Belgians and castrated Germans. Those thankless Euro-sissies whom the Yankees had saved in two world wars but who refused to come to
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    • 98 8 Taiwan people are very emotional, we are more moderate and sensible. Do you think anyone would sympathise with (Hong Kong leader) Tung Chee-hwa if he got shot?' Javen Lee a Hong Kong bank employee, after President Chen Shui-bian won by a razor-thin margin in Taiwan, provoking demonstrations
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    • 680 8 EDITORIAL ONE thing is clear in the aftermath of Taiwan's election: the voters have scant appetite for changing the political status quo. Incumbent Chen Shui-bian's referendum on boosting defences against China failed to gain enough votes to be declared valid. Thus, whatever misgivings Beijing may have had
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    • 1086 8  -  The more open the economy and the less ingrained inflationary expectations, the greater the scope for discretion over target rules By Ramkishen Rajan WHAT kind of currency regime is least crisis-prone? This is the question that is inevitably the focus of attention following every currency
      REUTERS  -  1,086 words
  • Page 8 Advertisements
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    • 133 8 29-30 April 2004, Raffles the Plaza Hotel, Singapore Updates and developments in CLP Holdings Corporate Fraud ING Insurance How to successfully prevent and n detect fraud in an organisation Allen Gledhill v Background Asia Dealing with legal issues in the RT J*. management of Corporate Fraud *b 1 bo,ut,ons Foo
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  • Page 9 Advertisements
    • 281 9 I We keep in touch with the I I world to give you confidence I I in your investments I I fli H I I -I, M SB II l MmT' H HH a .ll f S:\'' Hj f ?f H 1 T H H "'PffißKi&iiJf:a^-r..-,""if i >• •*!X.„_, 5H#
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  • REGIONAL news
    • 566 10 ELECTION AFTERMATH The landslide win has given him a strong mandate, sources say Reuters [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi, fresh from an overwhelming mandate in general elections, will overhaul his Cabinet and restructure the finance ministry this week, government
      Reuters  -  566 words
    • 307 10 KUALA LUMPUR Party in control of Terengganu's 3 listed firms again AFTER regaining the mandate to lead the state government in Sunday's general election, the Barisan Nasional will be back in full control of three Terenggan-u-based publicly listed companies, reports The Star. They are Eastern
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    • 163 10 KUALA LUMPUR Reuters FOREIGN inflows into Malaysia's stock and debt markets will intensify, lured by high economic growth, a new government and prospects of a currency revaluation, a prominent local fund manager said yesterday. Yeoh Keat Seng, the high-profile chief executive of Malaysia's second-largest
      Reuters  -  163 words
    • NOTE Book
      • 112 10 Reuters [PHNOM PENH] China agreed yesterday to help impoverished Cambodia build a 225 km stretch of railway that will eventually form part of an unbroken rail link between Kunming in southern China and Singapore. Chinese Deputy Prime Minister Wu Yi, at the end
        Reuters  -  112 words
      • 64 10 Reuters [SHANGHAI] China has no plans to close the country's hard currency B-share markets, the only bourses fully open to foreign investors, a China Securities Regulatory Commission (CSRC) official said yesterday. "We have not conducted studies on closing the B-share markets," the official said, denying
        Reuters  -  64 words
      • 88 10 Reuters [HONG KONG] No-frills airline Air Asia may hold off on a proposed initial public offering (IPO) worth about US$2OO million as its management is preoccupied with expansion plans, chief executive Tony Fernandes said yesterday. "We're not sure that we're going to do
        Reuters  -  88 words
      • 90 10 Reuters [JAKARTA] A weekend bomb blast was a warning to Jakarta residents to stay on the alert as people bent on committing terrorist acts remain in the capital, the governor of the sprawling city of nine million said yesterday. A home-made bomb exploded on
        Reuters  -  90 words
  • Page 10 Advertisements
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    • 188 10 i fjOBIN MUSIC BOX 3 MUSK BOX (Distributed By STUDIO LINE Singapore) J3 V Collectors J3 NEW ARRIVAL!! 5 An exquisite Swiss-made music box. J3 J3 A timeless gift for all occasions. n J5 A J3 J5 J3 Birthdays J3 *2 Festivals jg "2 Memorable Days *5 Jl Special Occasions
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    • 125 10 _/Special Lunch $5.80 Nett Per Item YE 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 Sauteed Chicken with Chinese Sausage It's Day Mug@s4.oo nett each Jug (a $15.00 nett each «t*«4
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    • 65 10 ifc Ifl I J Spring Court Tbe Oldest J SS 1/ Chinese tbutmmnmt in Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to one per table with min. order of $50 onwards. ]Mr IGUIBH operation hours 1230hrs to ISOOhrs 1800hrs to 2300hrs for dining reservation tel 6333 1 788
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    • 41 10 n THE NEPTUNE COLIYiI Q.U A V DIANXIN ATTHE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 6224 3203 Co»yrQuay Managed by Meritus Mandarin Singapore 7th Floor, Overseas Union House, Collyer Quay Singapore *****1 Tel: +65 6223 4185
      41 words

  • REGION world
    • 435 11  -  It lines up key US officials to help oust Wilshire as consultant From Al Labita in Manila THE Philippines is turning the tables on a US investment consultant, which recently rated the country's equities market unfavourably. Fresh from its recent "people power" victory over
      435 words
    • 334 11 TOKYO Reuters, Bloomberg IN further evidence that Japan's recovery is reaching beyond major exporters, activity in service industries rose by more than expected in January, thanks to strong retail sales, figures showed yesterday. The government's tertiary sector index, a measure of activity in service
      Reuters,; Bloomberg  -  334 words
    • 395 11 BEIJING Reuters CHINA, stunned by a recent jump in fixed-asset spending, has blamed unruly local officials for fanning over-investment that analysts said could prompt fresh credit tightening to ward off risks to the booming economy. China shares fell yesterday, pulling back from a 27month
      Reuters; AP  -  395 words
    • 405 11 RICHMOND, Virginia Evidence of tighter labour markets needed to warrant hikes, he says Reuters THERE is plenty of slack in the US economy and it will take "clear evidence" of tighter labour markets and higher core inflation to warrant rate hikes, a top
      Reuters  -  405 words
  • Page 11 Advertisements
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    • 37 11 tame PWSOFOR T2JINTER OFFICE CZT IPD CflllSl Do you have offices overseas? We have the solution for you. Tame that bill today with Jupiter Solutions Re Ltd Tel: 6 272 2242 Fax: 6 272 2252 Email: sales@jupiter-sol.com
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  • WORLD news
    • 336 12 SINGAPORE Figures show outsourcing is the less significant factor, he adds Reuters THE lack of job creation in the United States was due more to strong productivity growth than outsourcing to Asia, Stanley Fischer, vicechairman of Citigroup and president of Citigroup International,
      Reuters  -  336 words
    • 205 12 LONDON Reuters CIALIS, one of two new drugs challenging Viagra's dominance of the multi-bil-lion-dollar anti-impotence market, has captured up to 40 per cent market share in some countries, its developers said yesterday. Latest figures released by Eli Lilly Co and Icos
      Reuters  -  205 words
    • 350 12 LOS ANGELES LAT-WP SIX of the largest US pension funds, worried about the safety of their multibil-lion-dollar holdings in Walt Disney Co, have sought a meeting with the company's board of directors. In an open letter on Monday to Disney's new chairman,
      LAT-WP  -  350 words
    • WORLD Watch
      • 82 12 AFP [PARIS] US billionaire and financier George Soros said yesterday that he expects stock markets to retreat in two months. "They (the markets) have started to fa 11... maybe it's going to get better in the next two months, but afterwards I think they
        AFP  -  82 words
      • 99 12 Reuters [LONDON] Oil prices slipped yesterday as an edgy market was unnerved by Opec wrangling over a possible delay to supply tightening measures, while traders looked ahead to weekly stock figures from the United States. London Brent crude futures fell 13 cents to U5532.67
        Reuters  -  99 words
      • 80 12 Reuters [SEOUL] South Korea's economy grew at its fastest pace in nearly two years in the final quarter 0f2003. The Bank of Korea said GDP rose by a provisional 2.7 per cent in the October-December quarter over the third quarter, led by robust
        Reuters  -  80 words
      • 100 12 Bloomberg [NEW YORK] Goldman Sachs Group Inc, the third-largest securities firm, said fiscal first-quarter earnings almost doubled to a record on fixed-income and equities trading gains. Net income increased 95 per cent to US$l.29 billion, or US$2.5O a share, from US$662 million, or US$l.29,
        Bloomberg  -  100 words
    • 551 13 BRUSSELS Amount is biggest to-date; IT giant plans to appeal its case in the courts NYT EUROPEAN antitrust regulators will fine Microsoft 497 million euros (Ssl billion) today, when it rules that the company abused its monopoly in computer operating
      NYT  -  551 words
  • 36 12 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 Day
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  • Page 12 Advertisements
    • 1830 12 PEOPLE'S FOOD HOLDINGS LIMITED (INCORPORATED IN BERMUDA) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of People's Food Holdings Limited ("the Company") will be held at Raffles The Plaza Singapore, Minto Room, 2 Stamford Road, Singapore *****2 on Tuesday. 27 April 2004 at 9.00
      1,830 words

  • 6 13 Transaction date: Mar 23
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  • Page 13 Miscellaneous
    • 233 13 CRYPTIC CROSSWORD 6 A small marsupial, one bom 8 Complaint from second class foreseen (9) H(ZZ|Bf_ JkZZK_Z 29 In the past I hung round col--30 Danoerous contact with en- 13 Ezra makes his mark and YESTERDAY'S SOLUTION ergy (5-3-2) the P ossib ,it y of mon ©y Across: 1 Devil-may-care,
      233 words

  • Article, Illustration
    1069 14 Transaction date: Mar 23 PTEEBAWE CROSS BATES AS C$ Rmb Euro HK$ Ind Rs Ruplah Yen Won RM WZ$ P«k »s Peso S$ Rand Sfr WT$ Baht Pound US$ Australia 1.002 6.250 0.610 5.869 33.835 64.668 0.804 8.706 2.862 1.140 43.244 42.457 1.272 4.910 0.944 25.062 29.738 0.408 0.753
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  • BT motoring
    • 439 14  -  It buys 41.5% stake in JIC for $3m, boosting its share of vehicle inspection market to 76% By Samuel Ee VICOM Ltd has bought 41.5 per cent of JIC Inspection Services Pte Ltd for $3 million and will now manage seven of the
      439 words
    • 101 14  -  By Samuel Ee BMW has released official photos of its compact 1-series. The smallfive-door model is 4.23 metres long or 24cm shorter than the 3-series sedan. But like other BMW cars, it will have a front-mounted engine and rear wheel drive. Expected to hit the
      101 words
  • 1614 14 SICOM FUTURES Mar23 RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 04 229.00 May 04 229.50 Jun 04 ***** Jul/Sep 04 239.00 Oct/Dec 04 241.00 Jan/Mar 05 243.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Apr
    1,614 words

  • 6 15 Transaction date: Mar 23
    6 words
  • 5 15 Transaction date: Mar 23
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  • 849 15 Transaction date: Mar 23 m dm a—t>| s>xfc—« m a— omm Allgreen 50c 0.33 1.070 -0.010 NOL 1.64 2.110 -0.020 BIL Intl US20c 0.38 0.750 OCBC 8.75 11.700 +0100 CapitaLand 1-22 1.660 Parkway H 25c 0.56 1.100 Chart SemiCond 26c 1.28 1.530 40.040 People's Food HK50c 0.50 1.510 -0.020
    849 words
  • 709 15 BONDS WARRANTS T *l Last Vol Conv Exer Disc Gear- Mths Code Company Salt +or- COOP) Ratio Price mg Left 3698 ASTIW*****1 38.5 -15 1 1 16 -6 1.51 3 3697 Acma Ltd W*****6 JOS 1 50 531 16.00 8 3602 Amtek W*****0 .96.5 1 33 1 1.33 15 3603
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    • 33 15 1 ill Us* B A MII recommendations. Dividend I Ini:Bi si i:ssTim i:s mil r ■If InH wvlll I The pages also cover transactions by directors and substantial shareholders. I I you can
      33 words

  • MADE IN Singapore
    • 981 16  -  Wangi Industrial may have moved some operations to China but Singapore remains an attractive base for its high-end operations. TEH SHI NING reports TEH SHI NING CHINA may be cheap and a good place for low-end manufacturing, but Singapore will remain Wangi Industrial's
      CHRIS LOH  -  981 words
    • 1015 16  -  Company happy to stay in S'pore as it can draw on technological know-how By Daniel Buenas "IN the high-tech business of photonics, there are some things which you just can't automate," says Dr Lam YeeLoy, chief executive and chief technology officer
      CHRIS LOH  -  1,015 words
    • 652 16 PHOTONICS is the technology of generating and harnessing light. Its application cuts across a wide spectrum of industries such as electronics, telecommunications, sensing and imaging, healthcare, and displays. Photonics has been identified as one of Singapore's future growth engines and we are very
      652 words
  • Page 16 Advertisements
    • 25 16 A" EDB series spotlighting Lrf II loco) monufocturers and now JJII T\ they havs enhanced their I ||^Zf|| MM competitiveness through innovation and technology, SINGAPORE
      25 words

  • SHIPPING TIMES
    • 639 17  -  LNG lacks the right combination of explosive characteristics, says BP executive Reports by Donald Urquhart [SINGAPORE] The terrorist threat to LNG carriers, often dubbed 'floating bombs', has been greatly overstated, said a senior industry executive, who cautioned it's the industry's reputation for safety and
      FILE PHOTO  -  639 words
    • 297 17 SGX '000 Mar 23 SS W- Vol CH Offshore 0.36 -0.01 1727 ChuanHup 0.52 -0.01 2200 Cosco Investment 1.00 0.03 ***** CWT Distribution 0.54 unch 0 Ezra Hldgs 1.10 0.02 206 Freight Links 0.13 unch 306 GB Holdings 0.72 -0.01 5 Jaya Holdings 0.83 0.04 3785 K1 Venture
      297 words
    • 431 17 Mormugao port to be expanded to increase iron ore handling Reuters [MUMBAI] India's tiny western state of Goa is to hold a global tender for the construction of a cruise liner terminal, and plans to expand its iron ore handling to
      Reuters  -  431 words
    • 285 17 [SINGAPORE] In 2003, global flows of LNG amounted to nearly 750 billion cubic metres, of which 20 per cent is carried aboard ships and the remainder by pipeline, according to the French research body, Institut Francais du Petrole (IFP). In an industry
      285 words
    • 456 17 Expansion plan expected to raise earnings by 39% over 3 years Reuters [TOKYO] Mitsui OSK Lines Ltd, Japan's No 2 shipping firm, will spend 1.16 trillion yen (US$lO.B6 billion) over six years on 243 new vessels to meet booming demand for the
      Reuters; FILE PHOTO  -  456 words
    • 1012 18  -  STRAIT TALK By David Hughes JUST as the international shipping industry was engaged in an almost-last-minute dash to meet the requirements of the International Ship and Port Facilities Security Code, it looked a couple of weeks ago as though somebody was about to
      FILE PHOTO  -  1,012 words
    • 3 18
      3 words
    • SHIPS IN PORT
      • 793 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER338 E4076 J3 A/SIDE 23/03 0300 CJNIA3-16 04/04 J7/8 A/SIDE 23/03 1800 GRACE 03/04 J8/9 A/SIDE 23/03 1500 J BETTER 0405 J24/25 A/SIDE 23/03 2300 LABROY 159 EBLS05 J5 A/SIDE 23/03 1000 MARCOPOLO 46 01/04J J13 A/SIDE 23/03 0630
        793 words
      • 2 23
        2 words
      • 145 23 Apr 4 HK: Ching M Fest. South Korea: Arbor Day. Taiwan: Ching M Fest. Apr 6 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
        145 words
      • 806 23 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        806 words
      • 79 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 with
        79 words
    • AIR & LAND transport
      • 490 24 Global industry body sees last year's recovery carrying into 2004 Reuters [GENEVA] World airports are poised for a strong economic performance in 2004 after seeing a 2 per cent increase in passengers and 3 per cent rise in cargo last year, the head of the
        Reuters; AFP FILE PHOTO  -  490 words
      • LOG Book
        • 91 24 Bernama [KUALA LUMPUR] Emirates Airline has announced its new non-stop route from Dubai to Glasgow (Scotland), which begins on April 10. "It's time for Malaysian travellers to make easier access to the many trade, education and tourism assets of Scotland's largest city," said country manager
          Bernama  -  91 words
        • 92 24 Bernama [KUALA LUMPUR] Malaysia Airlines (MAS) last week announced the addition of one more route to its expanding international network with the commencement of twice-weekly direct services between Kota Kinabalu and Osaka effective March 28,2004, the national carrier said. From this date, flight MHSO departs Kota
          Bernama  -  92 words
        • 111 24 AP [BEIJING] China s State Council last Thursday approved a plan to give local airlines more freedom in setting ticket prices, reflecting ongoing efforts to further liberalise the country's aviation industry. China's domestic airlines will be able to charge as much as 25 per cent
          AP  -  111 words
        • 72 24 Bloomberg [SYDNEY] Virgin Blue Holdings Ltd, Australia s second-biggest airline, filled fewer seats with paying passengers in February than a year ago. Virgin Blue filled 79.6 per cent of available seats last month, down from 83.4 per cent a year earlier, the Brisbane-based
          Bloomberg  -  72 words
        • 60 24 Bloomberg [HONG KONG] Hong Kong Dragon Airlines Ltd, the region's second-largest carrier, will begin an air-freight service between Hong Kong and Frankfurt four times a week. Dragonair will fly to Frankfurt by way of Dubai with a Boeing 747-300F jumbo freighter every Monday, Tuesday, Thursday and
          Bloomberg  -  60 words
      • 394 24 Reuters [NEW YORK] While international air travel is coming back with strength, vacation and business travel within the United States remains miles away from a robust recovery, according to the latest set of industry figures. Stocks of most major US airlines fell
        Reuters  -  394 words
      • 270 24 Bloomberg [NEW DELHI] Air Sahara, the first privately owned Indian carrier to fly overseas, is in talks with Cathay Pacific Airways Ltd on a proposal to carry each other's passengers on flights between India and Hong Kong via Sri Lanka. Under the plan, Air
        Bloomberg  -  270 words
      • 220 24 AP [PARIS] Air France is to delay by several days its plan to buy shares of KLM Royal Dutch Airlines as part of the agreed merger of the two carriers. Air France spokeswoman Marina Tymen said the stock swap offer, which had been
        AP  -  220 words
      • 387 24 Reuters [MONTREAL] A judge overseeing the restructuring of insolvent Air Canada, the world's No 11 carrier, has urged unions and a key investor to end a pensions stand-off that risks delaying, or derailing, the airline's rescue. Ontario Superior Court Justice James Farley,
        Reuters  -  387 words
      • 193 24 AFP [HANOI] Vietnam's Cam Ranh Bay, home to a former US military base later used by Russia, will open its airport to domestic passenger flights in May to attract tourists to nearby beach resorts, officials said yesterday. Vietnam Airlines will make the
        AFP  -  193 words
      • 400 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 EVA
        400 words
    • SHIPPING TIMES
      • Article, Illustration
        44 25 pggE Singapore needs to move beyond basic port operations and into higher value- j added services National industry -groups train I their sights on South- M east Asian market What's on at IT ARM 2004 J| ISPS Code galvanises shipping Into action IT|
        44 words
      • 250 25  -  By David Hughes THE eighth presentation of Asia Pacific Maritime opens today In Singapore as the maritime industry faces the paradox of its vulnerability to terrorism and yet experiencing one of its best moments with a booming China fuelling the container trade and spiking freight rales. The
        250 words
      • Asia Pacific Maritime 2004
        • 1602 26 Singapore needs to move beyond basic port operations and into higher value-added maritime services SINGAPORE, the busiest port in the world and the number two container port, now needs to move beyond port operations, into higher value-added activities. This can be done by leveraging on its strengths
          FILE PHOTO  -  1,602 words
        • 452 28 THE new era of maritime trade, technology and security trends will be the focus of the Asia Pacific Maritime Summit 2004. Held in conjunction with the biennial Asia Pacific Maritime Exhibition, the two-day summit carries the theme, "A New Era for Global Maritime Trade", and
          452 words
        • 525 28 National groups look at region as key future market VDMA Marine Offshore Equipment Industries is Germany's largest exporter of high-tech marine equipment for the global shipping and shipbuilding industry, and it has set its sights on the "important" Asian markets for new business. While it has
          525 words
        • 290 28 Line-up of maritime experts Over 250 leading maritime luminaries from 28 countries including equipment suppliers, engine makers, ports/terminals, shipyards, maritime institutions, legal services and maritime associations. Industry-driven programme A comprehensive series of forums, conference and seminar sessions including: ♦Snames APM Technical Forum 2004: "Ship Survey Maintenance in the
          290 words
        • Article, Illustration
          695 29  -  BETH JINKS rounds up some of the highlights at this year's APM BETH JINKS Tech focus THE technical side of the maritime industry will be the focus of experts at the Snames Technical Forum one of two key conferences featured at APM 2004. Jointly organised by the Society
          FILE PHOTOS  -  695 words
        • 803 30  -  S'pore is on track to meet the ISPS compliance deadline, BETH JINKS finds out more BETH JINKS THE vulnerability of shipping to terrorism has occupied the industry, its governing bodies and governments around the globe for the past two years, propelling maritime security to a key feature of
          AFP  -  803 words
        • 308 30 SINGAPORE has in place the necessary measures to ensure that it remains a safe, secure and clean port of call for the international maritime community. The measures include effective oil and chemical response capabilities and being party to international conventions on the Preparedness, Response and Co-operation
          308 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 864 18 I TO USA/CANADA I EXPORT I I OTHER DESTINATIONS ~l Ivcsa I VOY PKG I!a W U)HGBEAOI|IMUAS| HOUSTON CHICAGO NEW YORK TO AUSTRALIA (AUSTRALIA ASM EXPRESS) P&O HEDLLOYD KOBE 38E13 23/03 24/03 09/04 14/04 17/04 15/04 15/04 11/04 fyissii VOY ETA SIN KG «T~] STI SYD ML AM LOS AHGEL£S
      864 words
    • 586 18 Lines services represented by fitOjb, »U« of tm ***v ol |@3 Accredited Agents, JW* Log, to X°|" 'y Singapore Shipping Awociofton SioC ULY LINE MALE /vtsai vo» tut» ra A P. KLAHO SPORE MALI Princess Lily 0204 26/03 28/03 05/04 Koto Tegap TGAO6I 05/04 15/04 Maid Star 547 13/04 15/04
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  • Page 19 Advertisements
    • 813 19 MOi Combines o range of shipping modes to ensure timoly, reliable sennces covering major porhjn Norm America, Europe, Japan, Asia, Africa Oceania. Abe acapt Intro- Asia Cvgots Ik HRIN/IWUKYIIK 'lflHWflH a»i»m KAOHSUMG lAMCI(OK/UIM(Mmil6/lfcXMlllt«/P^6UbAra^ For Schedules, BL Searches, and Container Tracking, click on our Home Page: www.moUin.com.s9 TKBuraxTDn TO ADVERTISE. CALL
      813 words
    • 2175 19 MOTIONAL NEW WEEKLY "ADX' SERVICE TO EAST MEDITERRANEAN ON EVBtY FRIDAY WITH EFFECT FROM WNG SKY V.OOOIW V: EUSM: 02/04/2004 GONIAL AGWTS Nl SOMWRI: U RAFFLES QIMY fM-OI SAUS/MGS TIL *****157/43 FAX: 6IMSJJI/M I (HifiAMK TA KTAMMH 1C AAVC COSTAR SHIPPING PTE LTD hokuokhmnk outward (iai mmsim uuros/rs I SiHCAPUKI
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  • Page 20 Advertisements
    • 1101 20 nCI MAC ENOUIRIES/BOOKINQS: *****344 FAX: *****433 E-MAIL: <Mmas«fMmas.coni.ig UCLIVIMO DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 NUUS west rntu om» express contami suvke io sovin/wist afrka [VESSEI |VOY SIN |REUNtON LUANDA POWTI NCHRE MATADI LMREVtUi ABIDJAN TIMA IOMf TMCAN COTONOU APAFA DOUALA jONNf la Mown 30W 25/03 05/04 71/04 24/oT 27/04 "woT 26/04
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    • 1605 20 WAN HAI INTERNATIONAL PTE LID at Mft **********0/R <\ ikipji TH: *****588 (MUNIS) FAX:*****163 \\MN WAIJ HAI I INrS Sarvia/lookkgi Dirtd Li* (1800) *****200 V I IVHII llrtl LlllLtJ flttHL (03) *****584 FAX;(O3) *****255PW1E;(04) 72b5400 FAX:(04)*****99 V* JOH W:|W) 251»973 FAX; (07J751*971 Sl* M; (031) J*****5 FAX; (#3l) J7T7714/*****05 WM;
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    • 656 20 BSA x MYANMA n FIVE STAR LINE (Myoxw National Um) Loadiag for Yangoit vissa voy sin pkl pen pgu PAGAN 327W SID HPA-AN 31IW SU) IN MAUTSIA: IOUSTEAD SHIPPING AGENCIES MIL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KMC MARINE STAR 52 SID
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  • Page 21 Advertisements
    • 1064 21 |ViSsei VOY KMH HKO SIN I PKL I PX» |Ml I DM* MK VANCOUVER PCL3S6 SKIP SKIP 26/03 27/03 04/04 OS/04 11/04 13/04 IRANSHAHRYAR PCLBO3O SKIP SKIP 02/04 03/05 11/05 12/05 13/05 20/05 IRAN SATTARI PCISO26 SKIP SKIP 12/04 13/04 22/04 23/04 29/04 01/05 IRANSHAHRYAR PC***** SKIP SKIP 23/04 24/04
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    • 19 21 VALCRAFT lIVTL PTE LTD Door To Door (SEA AIR) For enquiries, nil: Jennie Tel: 6473 9030 Mobile: 9853 2155
      19 words
    • 564 21 UK CONTINENT SERVICE Loading lor PANORMOS PRIDE RTM/ATW/BMN/UK/NAN GLORIUS RTM/ATW/BMN/UK/NAN CENTAURUS RTM/ATW/BMN/UK/NAN Loads Singapore. EAV. Mataywa, Indonesia mipple-east service Loading for RAVENNA DBI/DBU/DOH/BRN/DMM/KWT REQAR STAR ADN/HOEVJDH "Loads Singapore, Malaysia, Indonesia USA SERVICE Loading for STELIOS B CAM/NOL/SAV/TPC NENA M CAM/NOL7NFK/SAV •Loads E7W. Malaysia. Indonesia F.E./S.E.A. SERVICES Spore Loacflngtor SOOKWANG INC/BSN
      564 words
    • 784 21 YBL m m joss* w m ml ugs 21ZS3 »/03 jatsaii tm uw um -MLSSaSS 1173N 25/03 26/03 41 ill ATI 7 M M/ 03 tt/03 EAC PANDA HZ*! 27/03 21/03 riffllM 1211 31/ M M/M JEISJAMM 117SM W/03 W7OT~ ALAMJAYA2 WO 04/04 00/04 PACOAIIPA 1177N 31/03 01/04 PAC OANP«~
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  • Page 22 Advertisements
    • 593 22 27 28/03 03-04/041 ■MIH TIGER SKY 171N 27 28/03 31-01/04 06 07/04 I HUSUiSUIsa NAVIGATOR 172N 27 28/03 03-04/04 10-11/04 1 ■TnTE® TIGER SHARK 173N 30-31/03 07-08/04 13-14/04 ■■■■■TIGER PEARL 174N 03-04/04 1011/04 17 18/04 '111 17SN 06-07/04 13-14/04 20-21/04 1 24-25/03 31-02/04 09-10/04 B ■MMRMIKRIPA 125 30-31/03 05-07/04 15-16/04
      593 words
    • 985 22 FREIGHT LINKS EXPRESS pmLTD* Freight Links Express Logisticentre, Singapore *****3 ATTRACTIVE lcl rates to these various destinations SURABAYA CEBU BANGALORE NEW DELHI SEMARANG MANILA CALCUTTA NHAVA SHEVA BELAWAN BOMBAY PLS CAU FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569/5553 PROJECT HEAVY LI FT CARGO ILrvip^VlS (CONVENTIONAL RORO) jfl& Jim* Lawrence Lim 6267 5555, H/P:
      985 words
    • 1762 22 OPERATORCOOI:PD 1 nn I IlilCC at NO; **********0 C Wok*. hNpc//pMHMM KIJ/ MAIN: 111:6221-1333 6221-5272 /M §M CUSTOUe SBVKE TIL 6221-5596 FAX: *****190 <fc#Cw SINGAPORE: TOHC JOO SWPWNG PTE lIP Immk boofcj^tjs.co«.t t RKVUR CONTAINERISED SERVICES TO MAIAYSIA, BRUNEI, MYANMAR AND VIETNAM nsui ror n* sin ihkcn mm ror msw
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  • Page 23 Miscellaneous
    • 116 23 REGIONAL WEATHER FOR 7 AM 24 Mar 2004 Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols Showers C Full circle w/o line indicates calm or light and variable winds R a j n L One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots
      116 words



  • Page 26 Advertisements
    • 35 26 PORT AUTONOME DU HAVRE Ej j CW SINGAPORE PTE Ltd 108, Middle Road 06-02 Bright Chambers SINGAPORE *****7 SINGAPORE Tel 65 6339 60 55 Fax *****8 94 89 ou 51 E-mail: dgrataloup@cw.com.sg Representative: Didier GRATALOUP
      35 words
    • 65 26 —|T3Fjr Asia Pacific Maritime Welcomes: Hosted Buyers from China, India, Vietnam, Malaysia, Indonesia, Thailand, Hong Kong and Singapore. Exhibiting National Groups from China, Germany, Korea, Norway, Singapore and United kingdom. Conference Delegates of APM Summit and SNAMES Technical Forum. Overseas Buyer Delegations from Vietnam and Romania. Asia Pacific MARITIME Organised
      65 words

  • Page 27 Advertisements
    • 116 27 pi- I Fee| t^ e warmth of world's I 6<)o j^rts'in^2^ |< the wot Id. We look forward to extending an equally Si* r /*-*»>/.. -""'TDsr "*ir ~-u:' v v V Jir -1 fir I ?k- <■ *n. r .J' I* V- w i—• v <-."£. v-.-» —Jw •r' r
      116 words

  • Page 28 Advertisements
    • 117 28 your disputes at the world's first port of call Why go thousands of miles away to settle your maritime disputes? More and more Asian industry players are discovering the advantages of arbitration closer to home In Singapore at the SIAC. If you ever have a maritime dispute, you, too, will
      117 words

  • Page 29 Advertisements
    • 197 29 p .cfes/ /En *''*h*ft 1. >~... i*r*lw ft 1 HL Bft J >4« P%T.. 4 %Ih j J|fnV > liA 1 wiJjj see you at Asia Pacific Maritime Your Anchor Point to the Maritime World! 22-24 March I B B lv 888 B H B J® M Jr Organised by:
      197 words

  • Page 30 Advertisements
    • 126 30 à A A I m m m 9 a i auide vo u gxugyxi we'll deliver the most complete range of Nautical Charts and Publications to all Malaysian Ports I and Singapore at just a call. 7 days a week, 24 hours a day, we'll be right at your service.
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    • 245 30 THE CLOCK HOUND THE WOULD SERVICE HOUND THE CLOCK HOUND THE WOULD SERVICE HOUND THE CLOCK I UNDERWATER ft |S SHIPCARE PTE LTD I (SINGAPORE) I I 8j The specialists in Ik y underwater ship maintenance lb y SME Award Winner |S S| A COMPREHENSIVE SERVICE WITH PROVEN EXPERTISE |8
      245 words