The Business Times, 30 March 2004

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Internet: http://business-times.asial .com.sg SINGAPORE TUESDAY, MARCH 30, 2004 85C
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  • 78 1 Sll 1,835.54 (+8.43) ST INDEX FUTURES 1,835.00 (unch) SIMSCI 222.44 (+1.28) SIMSCI FUTURES 222.90 (+1.30) Monday Change KLSK COMP 899.58 +4.46 NIKKEI 225 11,718.24 -52.41 HANG SENG 12,427 :14 55.90 SET INDEX 645.8(1 -19.45 JAKARTA COMP .—716.92 +2.79 MANILA COMP __l.388.15 -2.77 TAIPEI WPI 6.474.11 +341.49 SEOUL COMP 874.67
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  • 76 1 FOREX RATES U8$ S$ US$ (SS per l!S$) 1B9<> £(I SS/SS per S) 1.807 3054 EI'ROfl SS/SS/E). 1.208 2.041 YEN 105.6 62.50 RM 3.800 2.249 HKS 7.795 4.613 BAHT 39.61 23.44 RIPIAH 8,600 5,090 RENMINBI 8.299 4.911 INDIAN RI'PEE 44.09 26.09 AS 1.344 0.795 NZS 1.543 0.913 PRIME RATES
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  • 735 1  -  MAS drafting proposed changes; smaller managers seen most affected By Wong Wei Kong [SINGAPORE] The Monetary Authority of Singapore is standing firm on plans to amend the Securities and Futures Act (SFA) to make issue managers, as well as underwriters, liable for
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  • 749 1  -  BT exclusive Global player has operations in Batam and California By Raju Chellam [SINGAPORE] One of the world's leading semiconductor test and assembly companies, Advanced Interconnect Technologies Inc (AIT), has moved its global headquarters from California to Singapore to be closer to
    CHRIS LOH  -  749 words
  • 457 1  -  Late tycoon had 2.32% Orchard Parade interest held in trust By Serena Ng, Vince Chong [SINGAPORE] It looks like the late Khoo Teck Puat's tardy disclosure of his stakes in listed companies wasn't limited to firms in his stable. Orchard Parade Holdings, controlled
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  • 821 1  -  BT exclusive Providers of wrap accounts risk breaking the law if they stray into fund management By Genevieve Cua [SINGAPORE] Too busy to invest and manage your own money? Then leave it to your financial adviser, or FA. But there may be a
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  • Page 1 Advertisements
    • 146 1 INSIDE COMPANIES SingTel to invest up to US$40m in submarine cable Pg4 SPC raises US$184.4m from convertible bonds Pg5 SMALL CAPS iSoftel aiming for sustainable 80% margin Pg7 COMMENTARY Developers need to release more projects Kalpana Rashiwala, Pg11 ft ulysseJnardin The only perpetual that adjusts back-and forwards from CROWN, EVEN
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    • 492 2  -  Report quoting BOJ official sent yen to 5-week high From Anthony Rowley in Tokyo JAPAN'S Ministry of Finance yesterday took the unusual step of denying a report in The Times of London website that Japan's lengthy and costly official campaign to suppress the
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    • 487 2  -  Asean tariff rates will be among issues that will be addressed From Anthony Rowley «n Tokyo HIGH external tariff rates levied by Asean countries in some areas are among 15 priority items that Japan will consult with its major trading
      REUTERS  -  487 words
    • 442 2  - February hotel occupancy hit 80% thanks to air show Business arrivals swell 25%, bat holiday arrivals drop 17% By Chen Huifen [SINGAPORE] Boosted by the six-day Asian Aerospace exhibition last month, hotels in Singapore finally hit boom time in February, with the average occupancy rate surging to 80 per cent.
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    • 41 2 IN Saturday's Corporate Roundup column, we misstated SingTel's estimate of its net gain from the disposal of its entire stake in Belgacom. The estimate should be 900 to 950 million Singapore dollars, not euros. We are sorry for the error.
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 27 3 mi Dependability-one of the many reasons why premier financial institutions use 002. !he emicr tOIJ *wvi♦>• by M I 00 For Corporate enquiries, please call 1 622.
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  • SINGAPORE companies
    • 326 4  -  Project linking S'pore to Middle East, Europe to be ready next year By Angela Tan SINGAPORE Telecommunications will invest up to US$4O million in a US$5OO million submarine cable project with 15 other partners. The 20,000 km South East AsiaMiddle East-Western
      FILE PHOTO  -  326 words
    • 457 4  -  Its US property investment is doing better than expected By Kenneth Lim LOSS-MAKING Ipco International announced yesterday that its recent US real estate investment is performing better than expected, and the company is "turning the corner". "We are more in control now," said
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    • 732 4  -  HOCK lock siew serena ng ARE the fortunes of Chartered Semiconductor Manufacturing finally changing or is the chipmaker fighting a losing battle? After three years in the red, Chartered looks set to stage a turnaround this year and also recently regained its position as
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    • 292 5  -  Proceeds will help it expand its core business in the downstream sector By Joyce Koh SINGAPORE Petroleum Company yesterday said it has raised U*****.4 million from a sale of convertible bonds to fund its "strategic acquisitions and investment". The 1.75 per cent, fiveyear securities,
      FILE PHOTO  -  292 words
    • 143 5 Bloomberg NEPTUNE Orient Lines Ltd, Singapore's largest shipping line, said freight rates rose 16 per cent in the four weeks to March 5 from a year earlier, after earlier price increases. NOL's average freight rate for a 40-foot container rose to
      Bloomberg  -  143 words
    • COMPANYBriefs
      • 88 5 Bloomberg KEPPEL Corp said it is bidding for an offshore oil platform contract in Brazil estimated to be worth about US$6OO million. Petroleo Brasileiro SA, Brazil's state-owned oil producer, is spending US$lB billion to build 12 oil platforms to help boost output by almost
        Bloomberg  -  88 words
      • 58 5 MAYFRAN International said its wholly owned subsidiary, Asia Pacific Resources Investment Ltd, has bought a 17.65 per cent stake in pre-IPO consultancy firm Asia Pacific Capital Management Pte Ltd (APCM) by subscribing to 1.5 million shares at the par value of 10 cents each. APCM focuses
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      • 53 5 SHANGRI-LA Asia said net profit last year rose about 15 per cent to U5572.7 million from a revised U5563.4 million in 2002, beating a consensus estimate of U5549.6 million by eight analysts surveyed by Thomson Financial. Shangri-La Asia will pay a final dividend of 8
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      • 97 5 VIKAY Industrial said its wholly owned subsidiary Vikay Industrial (HK) completed the sale of a property at the Metroplaza Tower 2 in the New Territories of Hong Kong for HK$6.l million (Ssl.3 million) on March 25. The consideration was arrived at on a willing-buyer, willing-seller
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      • 121 5 Bloomberg MOBILEONE will probably introduce high-speed wireless services, or 3G, in the fourth quarter of this year, chief executive Neil Montefiore said. The services enable subscribers to download from the Internet faster and to use their phones for video-conferencing. Mobile One previously said
        Bloomberg  -  121 words
      • 71 5 RSH Limited said its wholly owned subsidiary, RSH Holdings Pte Ltd, has sold its shop units on the first floor of Orchard Plaza for $1.75 million, $1.80 million and $1.85 million, and has to date received 10 per cent of the purchase price for
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      • 45 5 OKP Holdings said its wholly owned subsidiary company, Or Kim Peow Contractors (Private) Limited, has been awarded a contract worth $5.15 million by Tuas Hi-Tech Park Pte Ltd for infrastructure works related to power substations and internal roads in Tuas.
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    • 295 5  -  FibreChem IPO launch expected next week: sources By Kenneth Lim HONG Leong Finance (HLF) has been cleared by the Singapore Exchange (SGX) to solicit and accept new IPO mandates three months after the firm was rapped for failing to observe the spirit
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    • 294 5 PUBLISHING group Popular Holdings, which reported a fall in quarterly earnings yesterday, said it was entering a book distribution joint venture in Hong Kong. Under the joint venture with China National Publishing Industry Trading Corporation (CNP), the partners will set up Popular Modern Books
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  • Page 4 Advertisements
    • 254 4 Q MOTOROLA Presents DO THE BIG WALK, BUILD TEAM SPIRIT. M Date May 23, 2004, Sunday Pf r7 dm y 1 m > -"'it. 1 A .3 P^P r I Venue National Stadium Competitive Walkers: 7.00 am JL j e n,or 59/7 siun vAiflH CvH 1 bK I'l M 1
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  • Page 5 Advertisements
    • 170 5 A PERFECTLY PACKAGED WELCOME TO BEIJING V PENINSULA w HP9I. Ui» w mm Rates from USsl49* are Perfectly Packaged with breakfast and Mercedes-Benz airport transfers Indulge yourself in the luxury of Beijing's most centre location at the heart of Beijing and prepare to distinctive hotel and discover the magnificent blend
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  • SINGAPORE markets
    • 659 6  -  Compiled by VEN SREENIVASAN Singapore Petroleum Co March 29 dosing: $2.76 SPC will issue $184 million worth of convertible bonds due in 2009. They will bear an interest rate of 1.75 per cent and are convertible at $3.90 per share, representing a 47 per cent premium over the
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    • 297 6  -  HOT STOCK WARRANT By Ven Sreenivasan ONE would have thought that offshore and marine sector stocks are running out of steam, having gained about 30 per cent since the fourth quarter of last year. But some analysts think they will remain in play
      Source: Bloomberg  -  297 words
    • 611 6  -  BT comment STOCKS ven sreenivasan THE Singapore market gyrated during a volatile session yesterday as investors anguished over whether to get back into stocks after the recent retracement or wait it out a little more. After rising to a mid-morning high at 1,835.78 on
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    • 590 6  -  BT comment CURRENCIES Indian rupee big winner again, gold continues to outperform larry wee THE euro sank to four-month lows of U551.2047, 552.0368 and 127.29 yen before recovering yesterday, with an unexpected opposition victory in weekend elections in France adding to worries that the
      Source: Reuters  -  590 words
    • TRADES TO WATCH
      • 76 6 UOB's chairman Wee Cho Yaw (right) raised his deemed stake in the bank to 13.47 per cent from 13.44 per cent when one of his vehicles bought 400,000 shares in the open market on March 26 at $13.20 each, for nearly $5.3
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      • 64 6 THE chief executive officer of Singapore Food Industries, Peter Tay, converted 250,000 options into shares at an exercise price of 55 cents each on March 25. The move raised his direct stake in the food supplier and distributor to 0.23 per cent, or 1.13 million
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      • 56 6 AN independent director of Sunningdaie Precision Industries, Kaka Singh, bought 100,000 shares in the open market at 46 cents apiece on March 26. This raised his stake in the precision engineering group to 350,000 shares, or a 0.11 per cent. Sunningdaie shares yesterday slipped half a
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      • 61 6 COMFORT Group director Ho Kah Leong converted 93,394 options into shares of ComfortDelgro Corporation at 56.1 cents apiece on March 25. The move came after he sold about 70,000 of the transport giant's shares earlier this month, which followed an earlier exercise of 62,263 options in
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      • 79 6 OIL and gas company Interra Resources said yesterday its substantial shareholder Prairie Heritage sold another 27 million shares in a married deal on March 25 at 27.5 cents apiece. Three Interra directors, including CEO Sugiharto Soeleman, are deemed to have an interest in Prairie, whose
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      • 58 6  -  Compiled by SERENA NG SUPER Coffeemix Manufacturing executive director Wong Fook Sung bought 10,000 shares in the company at 48.5 cents apiece in the open market on March 26. He now has 149,000 shares or a 0.03 per cent stake in Super, whose shares closed
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    • Article, Illustration
      422 6 OTHER SINGAPORE INDICES Mar 29 VALUE CLOSE BT OB/OS -272.00 -25.00 BTCADt -*****.00 -44.00 OT10-4* MA -*****.00 -27.00 AH-SG Equities 495.62 +1.37 SG EquitiesBeet 174.34 +0.75 SG Equities Fin 1485.18 +12.04 SG Equities Prop 444.96 -0.22 SIMSCI 222.44 +1.28 SiMSCI Futures 222.90 +1.30 Stocks Volume Bio-Treat HK40c 44,860,000 Interra 5c
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  • SMALLcaps
    • 1081 7  -  Telecoms solutions provider now eyeing 80% operating margin after shifting its focus to software, writes ANGELA TAN ANGELA TAN AFTER chalking up an accumulated loss of about $60 million over three consecutive years, the board of telecoms solutions provider iSoftel finally had enough.
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    • 414 7  -  By Teh Hooi Ling OUR small-cap portfolio held steady last week, notwithstanding the 1.1 per cent decline in the UOB Sesdaq Index. The top gainer was Jaya, up by about 14 per cent. Shares of the shipbuilder surged after it said last week that some of
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  • Page 7 Advertisements
    • 62 7 I HDBHub@ToaPayoh I i* Office For Lease I HI Floor areas of I SSi 3,000 sqf onwards I IsP Ift High low floors J■■ 3§| Corporate lobby I ""frontage :rSSS Raised flooring I fSS Immediate occupation f Attractive rental IK i.U package I Frank PteUd IH| CoMers International I ft
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    • 228 7 Good Times Fly Save up to on ANA Economy Class when you fly UU Asia Maaglc Rmm IaBIMm, -.l.- Vlp HEtlm XjKP HjBjHH 4| ■nif Enjoy a tale of two cities with ANA's Asia Triangle Route—'Yorimichi'. What's more, Star Alliance members will benefit from mileage accrual". ANA Simply fly ANA
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  • Article, Illustration
    1091 8 Transaction (late: Mar 29 MTEBBAMK CROSS RATES AS CS Rmb Euro HKS Ind Rs Ruplah Yen Won RM NZ$ Pah Bs Peso 5$ Rand Sfr NT$ Baht Pound US$ Australia 0.9B3 6.176 0.616 5.801 32.810 63.997 0.786 8.591 2.828 1.148 42.796 41.948 1.257 4.856 0.960 24.698 29.472 0.412 0.744
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  • 1600 8 SICOM FUTURES Mar29 RUBBER Futures (Closing prices) RSS 1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 04 225.75 May 04 228.00 Jun 04 230.00 Jul/Sep 04 235.50 Oct/Dec 04 237.50 Jan/Mar 05 239.50 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) interest
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  • SINGAPORE companies
    • 577 8  -  Parties brought together by Panpac's purchase of HK's Media Sky By Loh Hui Yin ONE of China's well-known television couples, Bruno Wu and his wife, Yang Lan, have agreed to take a small stake in magazine publisher Panpac Media, their first known
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    • 306 8  -  By Kenneth Lim FROZEN seafood distributor Pacific Andes Holdings said it is adding depth to its sourcing operations with a US$l4 million acquisition of a significant stake in a deep-sea fishing company. Zhonggang Fisheries, Pacific Andes' 70 per cent-owned joint venture with the
      306 words

  • SINGAPORE news
    • 534 9  -  EYE ON THE ECONOMY Over fonr in 10 employers in S'pore expect talent retention to be a problem this year By Chuang Peck Ming YOU know the job market is really picking up when employees are ready to jump ship. Job-hopping prevalent in the
      Source: Hudson Global Resources  -  534 words
    • 300 9  -  By Uma Shankari FAMILY-FRIENDLY work practices boost the bottomline of organisations as well as deliver other benefits, according to a study by the Singapore National Employers Federation (SNEF). The study found that 11 family-friendly companies, including NTUC Income and Merck Sharp
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    • 392 9 MORE mergers and acquisitions (M&As) this year will use stock as currency as confidence returns, investment bank JP Morgan said yesterday. The number of stock deals out of all deals done last year increased to 19 per cent as the market recovered back
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    • 236 9 HOMOSEXUALITY and the holocaust two hot potatoes in current affairs were themes in plays which garnered major recognition at the fourth Life! Theatre Awards last night. Toy Factory Theatre Ensemble's production of Bent was the Play of the Year, while Lim Yu-Beng's
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    • 288 9 SINSOV Building, which had been put up for sale several times in the last few years, is back on the market again. Sources say the price expectation for the Market Street building is now more realistic at $35 million to $36 million, down sharply
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  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 1983 10 accs ACCORD CUSTOMER CARE SOLUTIONS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Third Annual General Meeting of the Company ('Third AGM") will be held at 20 Toh Guan Road, #05-00, Accord Distri Centre, Singapore *****9 on Wednesday, 14 April
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    • 1628 10 aces ACCORD CUSTOMER CARE SOLUTIONS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 20 Toh Guan Road, #05-00 Accord Distri Centre, Singapore *****9 on Wednesday, 14 April 2004, at 9.45
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    • 1052 10 rjy MI x Industries Ltd (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Citiraya Industries Ltd ("the Company") will be held at Marina Mandarin Singapore, Libra Gemini Room, Level 1,6 Raffles Boulevard, Marina Square, Singapore *****4 on Friday, 16 April 2004 at
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  • FOCUS property
    • 513 11  -  Developers might succeed in luring buyers out of their shells with some nice offerings, says Kalpana Rashiwala Kalpana Rashiwala Developers have just seen a quarter of weak home sales and this can't be good for sentiment in the private housing market. Reflecting this mood, a
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    • 403 11  -  It pips Colliers Int'l in re-bidding exercise with under-0.03% quote By Kalpana Rashiwala CKS Property Consultants has won the job of marketing a 99-year leasehold condo site at Buangkok after it submitted a lower bid than rival Colliers International in a re-bidding exercise. CKS offered
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    • 326 11  -  By Vince Chong CAPITALAND has spread its wings in Shanghai, with the 40 million renminbi (SsB.2 million) acquisition of a site on which about 500 townhouses can be built. An 80-20 tie-up between a Capita Land subsidiary and Capita Land China
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  • Page 11 Advertisements
    • 197 11 Residential Site Near Pasir Ris Park/Beach Title Site Area 2,395.2 sq m Residential at 1.4 PR, 5-storey, 25 units Tenure 946 years For Sale by lender Closing: Thursday, 22 April 2004, 3pm Land area 38,662 sq ft Squarish corner plot J double frontage usaw**, \j^SS^%r-\l\ Potential for up to 4
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    • 109 11 n Freehold Residential Site Near NUS Science Park Site Area 9,535.8 sq m $>x Ji• Residential at 1.4 PR, 5-storey, 100 units A/Sr x Invitation for Expressions of Interest Closing: Wednesday, 28 April 2004, 3pm 7-STOREY WAREHOUSE CUM OFFICE BUILDING JLN KILANG FOR SALE Excellent location near port, CBD expressways
      109 words
    • 156 11 mm ▲CUSHMAN& For further information and tender documents, pis contact:6535 3232 2 Strata Units Priced to Sell by Serious Vendor Sole Marketing Agent: David Chia Andrew Chee Tel: 6733 7370 Tel: 6733 8721 Hp: 9635 9697 Hp: 91 99 0983 Prime Land For Sale Alexandra Road ~n i&Wy Prominent frontage
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  • EDITORIAL & opinion
    • 770 12  -  THE bottom line OPINION yogi aggarwal A MONTH ago, it seemed a foregone conclusion that the ruling Bharatiya Janata Party-led alliance in India would sweep back to power in the parliamentary elections in April and May. The sheen quickly wore off as the
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    • 93 12 'If you're trying to promote democracy in a country that has never had it, you have to lead by example.' Tom Rosenstiel vice-chairman of the Committee of Concerned Journalists, a non-profit organisation based in Washington, on the irony in Americans practicing censorship in Iraq. 'It is not
      93 words
    • 605 12 EDITORIAL BEYOND the legal and moral questions raised by the assassination of Sheikh Ahmed Yassin, the spiritual leader of Hamas, there are even more intriguing ones: Exactly what are the goals of Israel's Likud government? What does Prime Minister Ariel Sharon hope to
      605 words
    • 1484 12  -  That's what competition law is intended to be not to stifle commercial activity or dictate how business should be done By Lim Chong Kin, Chester Toh IT is understood that Singapore's Ministry of Trade and Industry (MTI) is working on a draft of
      AFP  -  1,484 words
    • 426 12  -  MAIL bag Leong Sze Hian I REFER to the editorial "A growing underclass?" (BT, March 25). I agree with the statement in the editorial that the exacting criteria for the Home Ownership Plus Education (HOPE) scheme aimed at young families at risk of
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  • REGIONAL news
    • 518 13 INDON ELECTIONS Parties woo voters with gifts like T-shirts and caps and companies hope they will pay up AFP [JAKARTA] Politics means profits for garment maker Lumban Gaol and thousands of other small Indonesian businessmen as polling time approaches but only if
      AFP  -  518 words
    • NOTEBook
      • 126 13 Bloomberg [HONG KONG] Billionaire Li Ka-shing's Hutchison Whampoa Ltd, which faces losing a mobile-phone permit in Hong Kong, said it may sue the city's government. "This is like handing a death penalty to us," group managing director Canning Fok told reporters. "We will consider going
        Bloomberg  -  126 words
      • 58 13 Bloomberg [BANGKOK] Thailand's SET Index fell to its lowest this year on concern violence may be spreading in the Muslim-dominated south after a bomb blast on Saturday injured tourists. The SET shed 19.45, or 2.ft» per cent, to close at 645.80, the lowest since
        Bloomberg  -  58 words
      • 63 13 Bloomberg [BEIJING] China's economic expansion may slow to 8.7 per cent this year because of government efforts to curb exports and fixed-asset investment, a state think-tank said. Growth wUI slow from last year's 9.1 per cent pace, Wang Tongsan, head of the technical
        Bloomberg  -  63 words
      • 61 13 AFP [TAIPEI] Taiwan shares rebounded sharply yesterday, jumping 5.57 per cent as investor took heart from news that the government and opposition are working to resolve the dispute over the result of the March 20 presidential elections, dealers said. The weighted index closed up 341.49
        AFP  -  61 words
    • 269 13 JAKARTA AFP FOREIGN direct investment (FDI) in Indonesia declined 66 per cent year-on-year in January and February, official data showed yesterday, in line with analysts' predictions before elections this year. FDI approvals fell to U*****.4 million from US$2.4 billion a
      AFP  -  269 words
    • 600 13  -  Indon media group's IPO could be among biggest since 1997 Asian crisis From Shoeb Kagda in Surabaya ON any given day when he is in Surabaya, his corporate headquarters, Dahlan Iskan has a long list of visitors waiting to see him. During this election
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    • 578 14 NEW DELHI They warn investors to be cautions and picky AFP INVESTORS in Indian stocks who saw their shares rocket 73 per cent last year may be scratching their heads and asking, "What happened?" as they watch their investments trade sideways or
      AFP  -  578 words
    • 344 14 SHANGHAI Reuters CHINA gobbles up onetenth of the world's titanium to feed red-hot industrial growth and one overlooked swing factor in the long term may be the country's love affair with golf. Vendors from Callaway to Nike are counting on rip-roaring growth
      Reuters; REUTERS  -  344 words
    • 387 14  -  Agency will focus on partnerships and collaborations From Anthony Rowley in Tokyo JAPAN plans to shift 200 of its foreign aid personnel overseas as part of a reshaping of the nation's foreign aid programmes that will emphasise quality rather than quantity of assistance in
      387 words
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  • 4103 13 UNIT TRUSTS FUNDS SBSelGb Bus Ldrs Ml 03(USD) 1.1318/ KillllkliCUaHBHi Cittbond S'pore Class V 0.993/ ABN Amro Asset Mat (S'oore) S B Se) Eqty Dividend Pf 04 (SGO) 0.9559/ Star Europe Eqty! 0.721 S B Set Eqty Dividend Pf 04 (USO) *****/ Star Eiaope Bond 1.253/ Commenbank Asset Mgt Star
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  • Page 14 Advertisements
    • 774 14 Cjß toll-free 1800 289 8822 ■otitts@spb.com.sg In The Matter Of The Companies Act, Cap. 50 And In The Matter Of (1) Tkll-TECH ELECTRONICS PTE LTD (2) TRANSJET (S) PTE LTD (3) TRANSTECH TECHNOLOGY <S) PTE LTD (4) NAS-TRANSTECHTECHNOLOGY PTE LTD Notice of Creditors' Meeting Pursuant To Section 296 Of The
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    • 2340 14 Notices HM MEGACHEM LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will he held al 132 Pioneer Road, Singapore *****8 on 15 April 2004 at 10.00 a.m. to transact the following business;AS ORDINARY BUSINESS
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  • WORLD news
    • 453 15 BRUSSELS But there are short-term downside risks like further euro gains Reuters THE eurozone economy is on track to recover this year but uncertainty about its short-term outlook has risen recently, the European Commission said yesterday, adding to speculation the European Central
      Reuters  -  453 words
    • 422 15 NEW YORK Reuters Bloomberg A DELOITTE Touche Tohmatsu auditor in Brazil raised concerns in 2001 and 2002 about a Cayman Islands unit of Parmalat later found to be at the core of the dairy giant's accounting scandal, the Wall Street Journal reported
      Reuters; Bloomberg; AFP  -  422 words
    • 367 15 NEW YORK Costs have to be lowered for investment to pay off, say analysts NYT WHEN Wal-Mart Stores surprised its suppliers last summer by announcing an aggressive timetable for them to put radio frequency tags on their shipments, it put manufacturers of the most tightly
      NYT  -  367 words
    • 258 15 LONDON Reuters AFP INTERNET viruses are overwhelming Europe's small business sector with 22 per cent of these companies closing down operations to recover from recent attacks, according to research revealed yesterday. The worst hit countries were France and Italy where 50 per cent
      Reuters; AFP  -  258 words
    • 293 15 NEW YORK Reuters IT looks like bad news on top of bad news in the market for US initial public offerings. Last week the only firms on tap for the market were in the pharmaceutical/biomedical sector, which has a black cloud hovering
      Reuters  -  293 words
    • WORLDWatch
      • 68 15 AP [TOKYO] The Tokyo High Court rejected a request yesterday to extradite a medical researcher to the US on charges of industrial espionage the first time a Japanese court has turned down an extradition sought by US authorities. The court ruled that Takashi Okamoto, 43,
        AP  -  68 words
      • 67 15 Bloomberg [PARIS] Societe Generale SA, France's third biggest bank by assets, paid chairman Daniel Bouton almost two-thirds more in 2003 after a 78 per cent jump in profit boosted performance-related bonuses. Mr Bouton's compensation for the year was 2.95 million euros (555.9 million), up
        Bloomberg  -  67 words
      • 62 15 Reuters [LONDON] The top mobile phone operators in West Europe's largest countries unveiled a new "Free Move" alliance yesterday designed to boost their market clout. The chief executives of Germany's T-Mobile, Spain's Telefonica Moviles, Telecom Italia Mobile and French-owned Orange said they planned to
        Reuters  -  62 words
    • 577 17 LIMA, Peru They cite US rate hike, poor bank supervision and Argentine debt crisis Reuters A POSSIBLE rise in US interest rates, weak banking supervision and an unresolved debt restructuring in Argentina threaten Latin America's economic recovery, financial officials said on Sunday. The
      Reuters  -  577 words
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    • 100 15 Where to wine, dine and entertain... by: A WoridjrfExdt'sive Privileges Create wk 64 WOM) BRjOs Cafe Brio presents A WINE EXTRAVAGANZA! Ist 31st March 2004 from 18:30 and 22:30 hrs ENJOY FREE FLOW WINE to For reservations, please call Cafe Brio at *****100 till! GRAM) COI'THORM WAT(Rf WON'T HOTEL Grand
      100 words
    • 63 15 vaiSh t a p a s tandooi teppan SUPRISINGLY INDIAN operation r.ours 1 2 0 0 h r s to 1 4 3 0 h r s for (J i n i n y reservation tel t>34 5 4466 e rr. a 11 vanshtghind com sq Sladur* .vatcff'v'f»! #C*- 4
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    • 214 15 Our qualified professionals A can assist you with offshora structures, shall companies ■jlj and incorporations In ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas L Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate
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    • 122 15 Spring Court The Oldest I Chinese Restaurant in I Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to one per table with min. order of $50 onwards. 1 MERITUS MANDARIN SINGAPORE f Bordeaux Guest Chef Philippe Gauffre of Restaurant fouberti 22 March 4 April 2004 Experience the richness and
      122 words

  • 4966 16 Transaction date: Mar 29 HONG KONG Vol HK Exchanges Clearing 16 35 -0.65 8829 MKJ 000 HKR Int'l 2 55 -0 08 1879 H K and China Gas 13.25 -0.15 5791 Aeon Credit 5.65 -0.10 20 Hong Kong Electric 33 80 -0.50 2938 Aeon Stores 5.95 unch 0
    4,966 words
  • 2619 16 Transaction date: Mar 29 KUALA LUMPUR GeneralCo«p.. 0.60 -0.03 829 y 0 l General Soil 1.26 unch 0 RM C000) Genting 16.80 -0.10 1688 5 George Kent .0.96 -0.02 164 ASM Realty 1.73 -0.03 4 Globetronics Tech 7.15 0.05 289 Abric 0.77 -0.01 106 GlomacBhd 3.34 unch 474 ACP
    2,619 words
  • 855 16 i Transaction date: Mar 29 SQc* mmtt WW Owe a«|l Stodi name m Oow Puny Allgreen 50c 0.31 1.030 -0.040 NOL 1.65 2.140 -0.010 8IL Intl US20c 0.38 0.745 OCBC 8.89 12.000 *0.100 CapitaLand 1.22 1.670 +0.020 Parkway H 25c 0.57 1.130 0.010 Chart SemiCond 26c 1.29 1560 *0010
    855 words
  • 690 16 BONDS WARRANTS Prem Expiry Tel Last Vol Conv Exer Disc Gwr Mths Code Company Sale +or- 0001 Ratio Price lug left 3698 ASTIW*****1 .42 1 23 1 16 4 1.33 3 3697 Aetna Ltd W*****6 JOS 1 50 573 15.00 8 3602 Amtek W*****0 100 1 33 4 1.28 15
    690 words
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  • 6244 17 Transaction date: Mar 29 52 w I* Hf Vol On Last Quote GrOtv Dtv GrYW Net MCap W# Low Cod* Company Sate fOOO) Htfi Low 8uyr SdUr Cvr S P/E tmS 57 9 32.9 5834 Ajonit 40 5 unch 194 41 40 5 40 5 41 5 N97
    6,244 words
  • 54 17 cm. rSi, y*"—» WjH tow Coot Cany»y id* w IPX u, l«o» Mo Cm fK uik 2M1 MX) OS> OumonA IATO60 2t2C 10OCC (OK KDIIHTK* US1740 MP USSSS «iot ssareool uv27SM11i® tm VMS USIUOO !!S !i5t ®J5 ,85a «o \tao i«o i»$ It* l«l cut ST1 fTT Cf\
    54 words
  • 1342 17 m"!L Itu i£ Ot. GrTW M WCJ. T 1 ri I I w- r«w> i— tmm nhr o» rm v5 13 5000 A8*MfcipSc Its IS Mi 47 IS :'y yi 10 30 JO 30 31 MSI OH 11 fi %ti n\ ,'S if^ 1 2 2 s »s
    1,342 words
  • 291 17 -H** JJ. Iff V«l On LanOoou Gffllr ON firtH MM MCa aftjgLBg ggr H cv m jg W w A2i 113 224 225 40 It «5 IS «S 2 1 74 6 *J66J "§2sS^"— 8® m* Gaduhaeoo— usn.s in 21 «r» a 2£ SEttliS i£iL ,a> M 1,4
    291 words
  • Page 17 Miscellaneous
    • 205 17 CRYPTIC CROSSWORD 30 Mad abotit hotel pools (5) DOWN (6,2,6) Across: 4 Backache, 8 Dam--1 Service broadcast on behalf 15 Brothers in law? (5) age, 9On a plate, 10 Withdraw, of church (3,5) 16 Government department the 11 Bowmen, 12 Parakeet, 13 2 Almost endure eating Amen- first to impose
      205 words

  • FOCUS wall street
    • 1556 18 Veteran value hunters find life to be tougher after the masses jump aboard following dotcom crash WP-LAT IN the stock market, "value" investors tend to identify with that old Groucho Marx line: "I don't care to belong to any club that will have me as
      WP-LAT; PHOTO: BLOOMBERG  -  1,556 words
  • Page 18 Advertisements
    • 48 18 i www/abobmluoffi Bangkok (4-66 2 679 5155) Beijing 8610 6461 5552) Hong Kong 852 2103 2000) Jakarta 62 21 252 0876) Mumbai 91 22 2203 4567) f. New Ddhi 9111 *****404)' Shanghai 86 21 588 89 888) Singapofe 65 6536 3363)-Taipei 886 2 2718 0280)-Tokyo 81 *****8000) RduOudnK
      48 words

  • SHIPPING TIMES
    • 451 19 Reuters [COPENHAGEN] Shares in Danish oil and shipping group AP Moller-Maersk fell 10 per cent on Friday after the firm reported lower-than-expected full-year profits and predicted no improvement in the net result this year. Net profits before special items rose 24 per
      Reuters  -  451 words
    • 447 19 Reuters [LONDON] Descendants of Black American slaves said yesterday they planned to sue London's oldest insurance firm, Lloyds, for compensation for allegedly underwriting the ships used in the slave trade. Their lawyer Ed Fagan said Lloyds played a significant part in the
      Reuters; FILE PHOTO  -  447 words
    • 630 19  -  It quotes highest revenue share of 33.3% for S$766m transhipment terminal in India By Donald Urquhart [SINGAPORE] Dubai Ports International (DPI) has bagged India's latest container terminal tender after the Cochin Port Authority revealed the Dubai operator was the highest bidder for the port's
      FILE PHOTO  -  630 words
    • 416 19  -  By Beth Jinks [SINGAPORE] Malaysia's busiest container port, Klang, has imposed extra charges for box movements related to security screening under the US Customs' Container Security Initiative (CSI). Port Klang's two terminals Northport and Westport have begun billing between RMI3O (SssB)
      416 words
    • 255 19  -  Donald Urquhart [SINGAPORE] Salvage operations to locate and remove the 18 missing crew and fuel oil from the sunken Singaporeflagged tanker Bow Mariner ofT the US East Coast ended last Friday, with no seamen located. The operations were called off after an analysis of
      255 words
    • 154 19 [SINGAPORE] Keppel Singmarine will build two local-ly-designed Anchor-Han-dling Tug/Supply (AHTS) vessels for Smit Transport Heavy Lift BV, with a three-month option for two more larger vessels. The two 70-tonne bollard pull AHTS, developed by the shipbuilding division of Keppel Offshore Marine's in-house design
      154 words
    • 289 19 SGX '000 Mw» SS W W CH Offshore 0.39 -0.01 7147 ChuanHup .0.53 -0.01 1038 Cosco Investment 0.99 -0.01 5249 CWT Distribution 0.53 -0.01 29 EzraHldgs 1.07 unch 54 Freight Links .0.12 unch 372 GB Holdings .0.71 unch 0 Java Holdings 0.90 -0.01 8319 XI Venture 0.24 -0.01
      289 words
    • AVIATION news
      • 1246 20 American, saddled with a crushing US$21 billion in debt and ballooning pension and health care costs, also faces feuding unions, stiff challenges from low-fare airlines and rising jet fuel prices NYT AMERICAN Airlines has pulled back from the brink. Now all
        NYT; BLOOMBERG FILE PHOTO  -  1,246 words
    • 117 20 PAGE Austral AL 5 AWTrpt 4 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 CWTGIobelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A 3
      117 words
    • 7441 24 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Nam Number Number SIN Dest'n Name Name Number To DURBAN (DUR) 2118 South Africa TO ABIDJAN (ABJ) 2003 Cot* D'lvoirt 08/04 20/04 HamburgSud LT GUARD 125W 65-*****133 07/04 n/05 CMA CGM
      7,441 words
    • SHIPS IN PORT
      • 552 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER338 E4082 J3 A/SIDE 30/03 0230 CSAV MONTREA *****S J24/25 A/SIDE 30/03 0500 KHAIRPUR 015HW J8/9 A/SIDE 30/03 1000 KHARISMAJ JB4303 J5 A/SIDE 30/03 0800 MARCOPOLO 42 02/04J J13 A/SIDE 30/03 0630 PUTRIMANDAH1 10/04J J3 A/SIDE 30/03 0630 SANTA
        552 words
      • 1729 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy jeq berthing Nmbr A« DAHLIA 074S 074S 1 30/03/2004-22:00 31/03/2004-08:30 T04 ACX HIBISCUS Q9QN 090N J_ 30/03/2004-08:00 30/03/2004-21:00 T04 AKINADA BR 10W 10W 1 02/04/2004-08:00 02/04/2004-23:59 ALAMJAYA 2 8889N 8889N J_ 02/04/2004-23:59 03/04/2004-06:00
        1,729 words
      • 146 25 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
        146 words
      • 789 25 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 indi cated. The Cockett Bunker Price Index change and the
        789 words
      • 560 25 Carbon 180 Ma* 983.3 0.5 12.1 0.05 36 0.04 Mar 25 Density Water Residue AshAluminlum Sediment No above E25 0 0 0 0 0 —Z 380 Ave 983.9 0.2 12.4 0.04 27 0.02 Ei /m 380 Max 990.9 0.4 17.5 0.07 62 0.05 H6/M*3 S V/V
        560 words
    • AIR & LAND transport
      • 522 26 Project to increase annual capacity to 60m passengers ahead of 2008 Olympic Games AFP Bloomberg [BEIJING] A US$2.3 billion expansion project of Beijing's Capital International Airport was launched on Sunday as part of the city's preparations for the 2008 Olympic Games, state media said. The
        AFP; Bloomberg; FILE PHOTO  -  522 words
      • LOGBook
        • 74 26 Bloomberg [SYDNEY] Virgin Blue Holdings Ltd, Australia's second biggest airline, started non-stop flights between Queensland's Gold Coast and Perth yesterday. The new service will operate five days a week, subject to demand, Virgin Blue spokeswoman Amanda Bolger said in a statement. Fares will start
          Bloomberg  -  74 words
        • 122 26 AFP [LONDON] A British Airways Boeing 777 passenger jet en route from London to Toronto made an emergency landing at Cardiff airport in Wales on Friday after a burning smell was detected in the cockpit, BA said. None of the 274 passengers was harmed, officials
          AFP  -  122 words
        • 49 26 AFP [COLOMBO] An Emirates aircraft carrying 400 passengers from Dubai to the Indian city of Chennai diverted to Colombo on Sunday because of bad weather, airport officials said. The Boeing 747 aircraft landed at Bandaranaike international airport due to heavy winds at Chennai. —AFP
          AFP  -  49 words
        • 130 26 AFP [BEIJING] China's flagship carrier Air China on Sunday opened its first direct flights from the northeastern industrial hub of Shenyang city to Frankfurt, Los Angeles, and Sydney, state media reported. A Boeing 737 departed early on Sunday for Frankfurt from Taoxian airport, Shengyang's major
          AFP  -  130 words
      • 201 26 Bloomberg [SINGAPORE] Singapore Airlines Cargo Pte, the largest Asian cargo carrier by traffic, said it may raise its fuel surcharge on cargo flights for the second time in less than four months to cover higher jet fuel costs. The proposed move follows last week's
        Bloomberg  -  201 words
      • 172 26 AP [PARIS] France has banned Egyptian airline Luxor Air from flying in the country after one of its planes took "a completely abnormal" flight path at low altitude over a French city, the head of civil aviation said. Luxor Air's flying rights
        AP  -  172 words
      • 69 26 [PAUILLAC, France] Airbus workers watch the arrival of an A3Bofuselage section on a boat at the industrial harbour of Pauillac, southern France, on Sunday. The fuselage section will be loaded on a barge to be floated down the Garonne river to Langonjrom where it will be
        AP  -  69 words
      • 556 26 FAA hopes new traffic management system will avoid congestion NYT [HERNDON, Virginia] To reduce air traffic delays this summer, the Federal Aviation Administration will order short delays at some airports to avoid longer ones at others, officials announced. The
        NYT  -  556 words
      • 2127 26 CHY FUGHT ETA FLIGHT HO MHM 8A7302 2215 S0427 0730 EM05 0?10 0f82 2215 tMM 1405 EK431 0325 LH9770 2300 tlU4J 1650 S0428 2325 S0229 2300 2005 tattertm S023 0605 GA974 OOO *CW51 0630 LH97«S 1345 K1837 1450 KL838 2255 UW7H 0630 S0326 1345 $024 2345
        2,127 words
      • 78 26 [DAEJEON, South Korea] A train attendant waving next to the Korea Train Express carrier at a station in Daejeon, about 160 km south of Seoul After 14 trillion won (US$l2 billion) of investment and years of delay caused by the 1997 Asian financial crisis and major
        AFP  -  78 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 654 20 IMPORT NORTH AMERICA I I f AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) Ylsstl vessel voy m sn> mil am m fTST! pug PtO NEDUOYD SOUTHAMPTON 40W11 17/03 04/04 06/04 P(0 NtDUOYD AOCUHX 75* OMIT 23/03 24/03 26/03 30/03 04/04~ "06/04~ PtO NEDUOYD KOWIOON 36W12 24/03
      654 words
    • 550 20 •Membeoollke gP3'=) k '"li, Singapore logisfa %SSIK' Xgiiy y Singapore Shipping Association g ULY UNE MALE /vessel voy eta eta eta\ P. KLANG SPORE MALE Princess Lily 0204 30/03 08/04 Koto Tegap TGAO6I 05/04 15/04 Maid Star 547 13/04 15/04 25/04 I 11 I 1 J ULY MARINE SERVICES PTE
      550 words

  • Page 21 Advertisements
    • 785 21 7 MOl Combines x o ranae of shiooino modes to unsure timelv. reliable services covering moior ports ki Nortti America, Europe, Japan, Asia, Africa Oceania. Abo acctpt intra-Asia Cvgots to: BUSAN KWANGYANG SHANGHAI YAMTIAN XIAMEN QMGDAO BfUWAN JAKARTA SUtABAYA KAOHSUNC lANGKO* LAIH CHAIANG HOCHMBNH PAS* GWANC POUNC POtT k&AHG For
      785 words
    • 880 21 SAILINGS J CANARY ISLANDS las paimas GINHtAI AGMTS IN SINGAPORE: It RAFFLES QUAY #34-01 SAIiS/tXGS TH: *****157/43 MX: 673(5321/14 I x ABBEi^iee COSTAR SHIPPING PTE LTD hongieongwrwng outward (i/u *****102 *****325/75 I O ARRECIFE 5w?117«*****5>|! SINGAPOREO4ISII INWARD (D/O) *****784 *****319/49 I A TCkIEDIEE a»ll/i;iWTO* TEL 6226 1900 (MAIN) T/SHIP HP
      880 words
    • 524 21 VCSEI JIKGIJOOLS VESSEL VOY SIN PKG SATURN 40SN 30/3 31/3 2/4 NEW DYNAMIC 057 A 3/4 HERTFORD 001N 6/4 7/4 9/4 PERTH BRIDGE 051 A 8/4 10/4 PACAQUIU 405*"JUL 14/4 16/4 HEWDYANMIC OSBA jW 17/4 *VSI catng bolti Worth West port VESSEL VOY PKG SIN HKG SUA TAO HSK AN
      524 words

  • Page 22 Advertisements
    • 690 22 CI MA O ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: dalmasMalmas.cofn.sg KSI UCLIVIMw DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 taauanssmMum rill qMAiwa samara wist AfMCA^Bwopt IVtSSa VOY SINGAPORE PORT KELANG U HAVRE DAKAII IAMJUL CONAKRY Hyundai Hiohntss 349W 05/04 06/04 2]/04 03/05 06/05 07/05 Hyundoi liberty 321W 12/04 13/04 28/04 10/05 13/05 14/05 Hyundai
      690 words
    • 840 22 WXWAN HAI LINES T Y Tel: 6226 1588 Fax *****163 '-i v'-' v Jkj INTRODUCING:- .<t i NEW WEEKLY EXPRESS SERVICE TO: > lLv' .agj&p* NHAVA SHEVA 1 CALLING SIN EVEFtY WEDNESDAY 1 PUSAN SHANGHAI CALLING SIN EVERY FRIDAY For more details, call HOTLINE: 6226 1588 1800-*****00 NOJTTRANS SHIPPING AGENCIES
      840 words
    • 574 22 BSA it MYANMA n FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 32m SLD HPA-AN 318W SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 JIHHk ACCEPTING CONVENTIONAL CSO VESSEL VOY HKG SIN PGU PKL KIK MARINE STAR 52
      574 words

  • Page 23 Advertisements
    • 1382 23 I VESSEL VOY KHH HKO SIN I PKL I DXB BAB I DMM BIK VANCOUVER PCL3S6 SKIP 24/03 27/03 28/03 05/04 06/04 12/04 14/04 IRAN SHAHRYAR PCLBO3O SKIP SKIP 05/04 06/04 14/04 15/04 22/04 24/04 IRAN SATTARI PCLBO26 SKIP SKIP 12/04 13/04 22/04 23/04 29/04 01/05 IRAN SHAHRYAR PCL 8032
      1,382 words
    • 618 23 A k UK CONTINENT SERVICE Loading for GLORIUS RTM/ATW/BMNAJK/NAN Loads Singapore, EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBI/DBU/DOH/BRN/DMM/KWT REGAL STAR ADN/HDD/JDH 'Loads Singapore, EVW Malaysia, Indonesia USA SERVICE Loading for STELIOS B CAM/NOL/SAV/TPC NENA M CAM/NOLVNFK/SAV 'Loads EVW. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading for SOO KWANG
      618 words
    • 790 23 VPSa VOT SIN PQU VESSEL JflU S|R JKI "C BANDA 1177N 31/03 01/04 PAC MNTAN J2U 2103 PACBANQA UZfN UM 02/04 ALAMJATA 2 USfl MZQ4 QA2M PAC BANDA *****1 03/04 04/04 PAC RWTAN 5242 Q7/M MM n<i BANDA mON 05/04 05/04 UMUAU2 8891 11/04 13/04 PAC BANPA LUiB 06/04 ■■■■■TfniVRVmViTTZHIiHBi
      790 words


  • Page 25 Miscellaneous
    • 119 25 Issued by Meteorological Service Division,NEA LEGEND: < Thunderstorm Wind speed symbols v 7 Showers O Full circle w/o line indicates calm or light and variable winds Rajn One half fleche represents 5 knots Cloudy Day L -One full fleche represents 10 knots x Hazy A -One solid triangle represents 50
      119 words