The Business Times, 21 April 2004

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 023/03/2004 ir.tjrr;oL http://business-times.asial .com.sg SINGAPORE WEDNESDAY, APRIL 21, 2004 850
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  • 704 1  -  MAS survey shows just 14.4% of private-housing loans are affected By Wong Wei Kong [SINGAPORE] The problem of people owing more on their housing loans than what their private property is worth may not be as serious as suspected, going by detailed figures released for
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  • 701 1  -  NICOLL HIGHWAY COLLAPSE Cheow Tong says highway to be closed for months By Vince Chong, Uma Shankari [SINGAPORE] Companies and shops hit by yesterday's road collapse on the Nicoll Highway aren't expected to suffer a big dent in business. Analysts said
    WONG KWAI CHOW/ST  -  701 words
  • 485 1  -  Next year earliest date for tie-up following KL bourse's listing From Eddie Toh in Kuala Lumpur THE ghost of the acrimonious Clob saga has been laid to rest and will not haunt talks on a strategic alliance between Bursa Malaysia (the
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  • 78 1 STI 1,850.42 (+5.71) ST INDEX FUTURES M 52.00 (+12.00) SIMSCI 224.34 (+0.82) SIMSCI FUTURES 225.20 (+3.00) Tuesday Change KLSE COMP 861.33 +S57 NIKKEI 225 11,952.20 +188.05 HANG SENG 12,394.37 -55.63 SET INDEX 713.95 +9.30 JAKARTA COMP 810.85 +2ti.02 MANILA COMP _1.525.96 +28.48 TAIPKI WPI 6,799.97 +20 79 SEOUL COMP
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  • 75 1 FOREX RATES US$ S$ IJSS (SS per ISS) 1.680 £(l!S$/SS per 1.797 3.020 EURO(lJS$/S$/E). 1.194 2.006 YEN 108.0 64,10 KM 3.800 2.262 HKS 7.799 4.642 BAHT 39.36 23.42 RI'PIAH 8,612 5,126 RENMINBI 8.299 4.940 INDIAN RUPEE 43.92 26.14 AS 1.351 0.804 NZS 1.568. 0.933 PRIME RATES SINGAPORE 5.25 MALAYSIA
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  • Page 1 Advertisements
    • 98 1 US interest rates to rise? Check US Federal Reserve chief Alan Greenspan's testimony at http://business-times.asial.com.sg INSIDE HIGHEST-PAID EXECUTIVES Who gets the fattest pay packets? Pg3 NTUC Fair Price goingbigin Bukit Merah PgB Centre to market S'pore IT opens in Shanghai Pgi3 8 More Drive With The German-Engineered Opel Vectra. i
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  • NEXT page
    • 653 2  -  It's likely to exceed official forecast of 3.5%-5.5%; more jobs expected to be created By Vikram Khanna [SINGAPORE] Following three consecutive quarters of double-digit expansion, the Singapore economy's growth momentum is "likely to moderate somewhat" during the rest of the year, according to the
      Source: MAS  -  653 words
    • ON THE grapewine
      • 67 2 MORE than an hour after CNA broke the news yesterday that Singapore's Nicoll Highway had collapsed, TV coverage was still limited to the voices of journalists talking to witnesses near the site of the collapse. On screen was a world map and a picture of
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      • 129 2 AN artist who was sacked by a biscuit company took revenge by adding sex scenes to their famous tins. Huntley Palmer, which created Ginger Nuts, failed to spot the "extras" in its genteel garden party design, according to a report in The Sun newspaper. Tens of thousands
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    • 628 2  -  YESTERDAY IN PARLIAMENT Govt wants to preserve good labour-management relations: Dr Ng By Chuang Peck Ming [SINGAPORE] Changes to the Trade Union Act made in response to the recent dispute between Singapore Airlines and its pilots won't cut into union members'
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    • 506 2  -  MAS launches new leading indicator to help forecast trends By Amit Roy Choudhury [SINGAPORE] With the global electronics industry hitting an expansion phase, rising demand for computer chips, disk drives and other electronic components is expected to fuel economic growth in Singapore in
      Source: MAS  -  506 words
    • 250 2  -  It's expected to poll in $500m a year in direct spending By Teh Shi Ning [SINGAPORE] The University of New South Wales (UNSW) and the Economic Development Board yesterday announced plans to establish Singapore's first foreign private university, UNSW
      250 words
  • Page 2 Advertisements
    • 60 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simon ne Toh T: +65 6535 3382 F: +65 6535 3991
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  • SINGAPORE companies
    • 971 3  -  He gets $7.75m-$8m, followed by CEOs of S'pore's 3 major banks By Andrea Tan BANKERS take home the fattest pay package beaten only by Venture Corp's Wong Ngit Liong when it comes to the remuneration of top executives in Singapore's top listed
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    • 371 4  -  Options will not have significant dilutive effect, says company By Joyce Koh THE stock of Bio-Treat Technology hogged the trading limelight yesterday as the counter slumped following news that the waste water treatment company has offered share options constituting 15 per cent of its
      Source: Bloomberg  -  371 words
    • COMPANY Briefs
      • 91 4 SINGAPORE Airport Terminal Services (Sats) and PT Jasa Angkasa Semesta TBK (JAS Airport Services) yesterday announced that Sats has entered into an agreement with Devro Group to acquire a 49.8 per cent stake in JAS Airport Services. The stake for the ground and cargo handling
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      • 90 4 TEXTILE supplier FibreChem Technologies' long and winding road to a mainboard listing reaches its destination today as the stock starts trading after its initial public offering of 120 million shares at 36.5 cents apiece was subscribed 6.8 times. The issue includes a public tranche of 12
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      • 44 4 JACKSPEED Corporation yesterday posted a 31 per cent plunge in net profit to $1.98 million for the year ended Feb 29 even though turnover rose 14 per cent to $26.9 million. Higher overheads and set-up costs were among reasons cited.
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      • 57 4 GLOBAL Active, through its wholly-owned subsidiary USB Inc, yesterday said it has been granted the rights from General Nutrition International Inc to develop and distribute GNC products in Guam and Saipan. The company said it will establish six GNC retail outlets in these two territories, which
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      • 94 4 Reuters SINGAPORE-BASED property firm GuocoLand Ltd is buying a Chinese real estate group for 527.5 million yuan (*****.5 million) in a bid to expand into China's booming property market. GuocoLand said the Chinese firm, Jiang Sheng Property Development Co, owns a 36,517 sq m land parcel
        Reuters  -  94 words
      • 47 4 ISETAN (Singapore) Limited yesterday completed the sale of its property known as 25 Delta Road, Seiclene House. The disposal resulted in an estimated capital gain of $3.0 million, which is expected to have a positive effect on the financial position of the company.
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      • 40 4 ERNEST Wong Yuen Weng has stepped down as a non-executive director of Raffles Holdings and as a member of its nominating committee, executive resource compensation committee and treasury committee. The resignation took effect yesterday.
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    • 368 4  -  Income stays flat while revenue is 5.3% above forecast By Kalpana Rashiwala THE Capita Mall Trust (CMT) has posted a firstquarter distribution per unit (DPU) of 2.27 cents, exceeding its manager's forecast on an annualised basis by about 5.9 per cent.
      FILE PHOTO  -  368 words
    • 775 4  -  HOCK lock siew kenneth lim SHARES of Hartford Holdings shot up 37.9 per cent, or 11 cents, to a record closing price of 40 cents yesterday as the market bought into news that fellow education service provider Raffles LaSalle has purchased a 60
      775 words
    • 408 4  -  By Taila Krishnakumar TYCOON Oei Hong Leong has emerged among the top 10 shareholders in two more companies Indonesian-linked food group QAF Limited and recently listed replica car maker, Creative Master Bermuda. According to the QAF 2003 annual report, Mr Oei's
      408 words
    • 556 5  -  It is in talks to buy a stake in affiliate Cosco Shipyard and expects to close the deal this year By Loh Hui Yin CHINESE shipping giant Cosco Corp, which became a Straits Times Index component stock last month, is on the acquisition trail.
      556 words
    • 519 5  -  Reports by Raju Chellam BUOYED by the continuing uptick in the semicon sector and the high demand for mobile phone chips, Chartered Semiconductor Manufacturing which is expected to unveil a lower first-quarter loss this Friday looks set to return to the
      Source: Bloomberg  -  519 words
    • 221 5 MAKERS of semiconductor equipment posted another strong month in March, continuing an uptick that began in October last year, and the outlook is healthy. Last month, manufacturers of semicon equipment posted a book-to-bill ratio of 1.10, the Semiconductor Equipment and Materials International (Semi)
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  • Page 3 Advertisements
    • 254 3 Jaguar XJ named as the "Best Luxury Car" by THE STRAITS TIMES (3 January 200/;) and TODAY 110 January 2004). n* Jaguar XJR chosen as the "Best Performance Car" by THE STRAITS TIMES (3 January 2004). Winner in the Luxury Car Category in WHAT CAR? Car of the Year 2004
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  • Page 4 Advertisements
    • 35 4 New Seafood Steamboat Or TOTAI bill Buffet Dinner Lunch available on i gk -m m i n Saturday, Sunday A (My Sl4/'++ Per Person Public Holiday only m Daily from 6.00 pm 12.00 2.30 prn^^^^M
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    • 141 4 an Entrepreneur in Education Wlth a Prestigious Franchise With a growth rate at 25% th 20 years of experience, the (CAGR), IT education is Group represents a perhaps the best growth successful business model. sector in the investment With 25% CAGR for global world today. Now, you can education (Source:
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    • 29 4 WeVemade a haul! Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.
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  • Page 5 Advertisements
    • 870 5 r FibreChem Technologies Limited FIBRECHEM TECHNOLOGIES LIMITED (Incorporated in Bermuda on 12 September 2003) Invitation in respect of 120,000,000 ordinary shares of HK$O.Ol each comprising 80,000,000 New Shares and 40,000,000 Vendor Shares as follows: (1) 12,000,000 Offer Shares at 550.365 each by way of public offer; and (2) 108,000,000 Placement
      870 words
    • 190 5 tame PAY SO FOR TzArf* INTER OFFICE CT IDD CAILSI Do you have offices overseas? We have the solution for you. Tame that bill today with Jupiter Solutions Pte Ltd Tel: 6 272 2242 Fax: 6 272 2252 Email: sales@jupiter-sol.com Bar-Coding, I^^BSSSS9 Warehouse, IFII M I f Raw Material Inventory,
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  • SINGAPORE markets
    • 655 6  -  Compiled by KENNETH LIM Chartered Semiconductor April 20 dosing: $1.64 WE expect Chartered Semiconductor to report a Ql net loss of US$3.B million on April 23. Revenue would have increased 25 per cent quarter-on-quarter to US$22B million, largely due to shortage of capacity at competing foundries in Taiwan.
      655 words
    • 412 6  -  CHART POINT By K AjitfaA Urn Say Boon, OCBC Investment Research Pte Ltd IN poker parlance, the market is playing its cards "close to its chest". And because it is revealing little, the best advice we can offer right now
      Source: Bloomberg  -  412 words
    • 734 6  -  BT comment STOCKS r. sivanithy ONE of the biggest fallacies in finance is that in a low-infla-tion environment, stocks are an automatic buy because they will reward holders with superior returns. This belief stems from the fact that periods of low inflation typically
      FILE PHOTO  -  734 words
    • 340 6 Trading is cautions ahead of Greenspan testimony this week [TOKYO] The US dollar edged up against the yen and euro yesterday in cautious Asian trading ahead of key testimony this week from Federal Reserve chairman Alan Greenspan, analysts said. The single European currency
      AP; AFP  -  340 words
    • TRADES TO WATCH
      • 85 6 THE chief executive officer of Challenger Technologies, Loo Leong Thye, on April 19 bought 200,000 shares of the computer and IT products retailer at an average price of 18.2 cents each. The open market purchase raised his direct shareholding in Challenger to just above 42 per
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      • 104 6 FUND manager Prudential Asset Management on April 19 reduced its deemed interest in Meiban Group to 9.2 per cent from 12.1 per cent following an open market sale of three million shares, while the company's president Goh Tiong Yong bought 200,000 shares on the same
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      • 60 6 FUND manager Schroder Investment Management (Singapore) raised its deemed shareholding in United Test and Assembly Center (Utac) to 8.3 per cent from 7.7 per cent, following open market purchases of around 5.4 million shares by its units on April 15 and 16. Shares of the
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      • 75 6  -  Compiled by SERENA NG A SUBSTANTIAL shareholder of Interra Resources, Canyon Gate Investments, on April 16 sold 10 million shares in a married deal at 26.5 cents per share. This reduced its deemed stake in the oil and gas company to 5.8 per cent from 6.9
        75 words
    • Article, Illustration
      421 6 OTHER SINGAPORE INDICES Apr 20 VALUE CLOSE BTOB/QS -508.00 -356.00 BTCADi -*****.00 BT 10-day MA -*****.00 -50.00 AM-SG Equities 500.61 +0.26 SG Equities Elect -0.52 SG Equities Fin 1501.22 +11.43 SG Equities Prop 452.35 __*2.79 SIMSCf 224.34 +0.82 SiMSCI Futures 225.20 +3.00 Stocks Volume Wee Poh 0.5c 119,762,000 Bio-Treat HK40c
      421 words

  • EXECUTIVE money
    • 894 7  -  BT comment YOUR MONEY With greater life expectancy, CPF is no longer enough for our nest egg. We have to start increasing our savings and face the prospect of working beyond age 60 genevieve cua THAT Singapore has a greying population is something that is
      894 words
    • 527 7  -  By Genevieve Cua FIDELITY Investments has launched another 25 offshore funds here, bringing to 58 the total number of funds available for retail investment in Singapore. The 58 funds collectively represent some US$4O billion in assets, domiciled in Luxembourg. As if the range of
      527 words
    • 885 7  -  By Genevieve Cua ONE of the largest capital guaranteed funds in the market the SG Asset Management's Dynamic Tri Sector Fund will begin to mature in tranches next week at a loss. At the current net asset value price
      Source: S&P's Fund Services  -  885 words
  • Page 7 Advertisements
    • 72 7 "WW 71 i 1 1 Presented Diners Club Credit Card 6416 0980 Where to wine, dine nnd entertain... Get it straight from the source THE BUSINESS TIMES i_ /n j i| EL Patio Mexican Restaurant Wine Bar (*****520)... I relish an eclectic mix of Mexican food with my Diners Club
      72 words
    • 33 7 /itv jfciJ (ztsi*: 1 Spring Court I I The Oldest *J Chinese Restaurant in Singapore since 1929. 74 Anniversary Special PEKING DUCK Limited to one per table with min. order of $50 onwardi.
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    • 43 7 mmm operation hours 1200hrs to 1430hrs 1800 hr s to 2 3 00h rs for dining reservation tel 6333 1 788 email r a ngma ha l#hin d .com sg The Pan Pacific Hotel Level 3 7 Raffles Boulevard Marina Square Singapore *****5
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    • 171 7 international Business Park (IBP) Close to Jurong East MRT station and bus interchange The Strategy 130sqm onwards Raised floor system 4 Column-free layout Tlw Syntroy 142sqm onwards U** Great tenant mix r mi> Column-free layout l Changi Business Park 10-min drive to Changi airport and close to PIE ECP The
      171 words
    • 108 7 ~1 M E RITU S MANDARIN SINGAPORE flusTßnimn GOURmir EXTRfiUfiGflnZfl Revel in exotic seafood prepared to perfection by our Hong Kong chefs featuring Australian seafood, Shark's Fin, Beijing Duck and more, pared with the best of Australian wines. Lunch' $35+++ Chinese set menu $488+++ to $688+++ per table Wine set
      108 words

  • SINGAPORE news
    • 254 8 THE Building and Construction Authority (BCA) is retrenching 70 to 80 staff over the next two months, a move which reflects the declining work volume in the local construction sector. The exercise will affect both senior and junior staff, including engineers, technical officers and clerks.
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    • 583 8  -  Co-op also trebles size of nearby existing store to 45,000 sq ft By Kalpana Rashiwala LOCAL supermarket chain NTUC Fair Price is going big in the Bukit Merah area. The co-operative is said to have signed up as the first
      FILE PHOTO  -  583 words
    • 325 8  -  YESTERDAY IN PARLIAMENT Totalisator Board has no intention to expand operations By Chuang Peck Ming A PRIVATE company will probably run the casino that the government is mulling over on one of Singapore's southern islands if the go-ahead for
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    • 315 8  -  By Uma Shankari NANYANG Technological University (NTU) and Cornell University will be launching a joint Masters degree programme in hospitality, it was announced yesterday by Minister for Trade and Industry George Yeo at the launch of Food&HotelAsia2oo4 (FHA2OO4). A campus will be established
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    • 379 8  -  EYE ON THE ECONOMY By Teh Shi Ning SINGAPORE'S food, beverage and tobacco (FBT) industry remains labour intensive though productivity is on the rise, and will continue to be challenged by the small domestic market, according to a study by the Singapore Manufacturers'
      379 words
    • 312 8 WITH the demanding schedules of top executives in the corporate world, it would be understandable if fitness came low on their list of priorities. But that's not the case, apparently, with those who have signed up for JP Morgan
      312 words
    • 900 9  -  WORLD GOURMET SUMMIT By Cheah Ui-Hoon uivtiiN tne pervasive tood culture in Singapore, the mere mention of Norway will get most people thinking about salmon rather than, say, fjords. Seafood is the second biggest export commodity for Norway, after petroleum. Norway last year exported 2.1
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  • Page 8 Advertisements
    • 1501 8 ||^Q^^QQ^|^^^r^rirerti^ainolUre^Bo^B^B22/Email^oticesespfcxom£g KING'S SAFETYWEAR LIMITED (Incorporated in Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of King's Safetywear Limited ("the Company") will be held at The Executives' Club, 65 Chulia Street #33-01, West Lobby, OCBC Centre, Singapore *****3 on Tuesday, 27 April 2004 at 4 p.m.
      1,501 words

  • 4370 9 UNIT TRUSTS FUNDS Com Global Infotec Index fd!** 0.357/ Com Global Energy Index Fd 1.058/ ABN Amro Asset Mgt (S'pore) Global M MbH 0.813/ Star Europe Eqty!" ___T 0.74/ Com S pore Bond Fund/* 1.101/ Star Europe Bond 1.219/ Credit Agricolc Asset Mgt S'pore Ltd Star Europe Bal 1.042/ Indocam
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  • Page 9 Advertisements
    • 147 9 I MARKET PROFILE^! live TRADING by Ramon Barros I See Ray trade the DAX and Bunds as they unfold! A P*CC* <? prc j if I 66# D*F<T 7 i L ti'b OtrtC, lj 3 CtyH t> E-f c> Hi} pw M ttrl t>t* 0h U jL I I I
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  • EDITORIAL & opinion
    • 781 10  -  THE bottom line OPINION frank ching IN MID-1978, more than a quarter of a century ago, Deng Xiaoping launched a nationwide movement calling on people in China to emancipate their minds. He did this to loosen the mental shackles imposed on the
      781 words
    • 61 10 'We do not use oil for political purposes; it is too important a commodity, and its impact on the global economy is tremendous.' Adel Al-Jubeir foreign affairs adviser to the Crown Prince of Saudi Arabia, on allegations that the Saudis promised US President George W Bush that
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    • 648 10 EDITORIAL LIKE investors everywhere, Singapore Exchange (SGX) players rely heavily on signals from Wall Street to arrive at their buy-and-sell decisions. Lately, these signals have been mixed, although continued strong inflows into US mutual funds and positive economic data seem to suggest the
      648 words
    • 1096 10  -  There are three obvious reasons why hanging on to so much gold isn't necessary nowadays and one subtle one By Matthew Lynn Bloomberg GOLD has always attracted its fair share of eccentrics. More than any other commodity in the financial markets,
      Bloomberg; FILE PHOTO  -  1,096 words
    • 619 10  -  COMMENTARY The US is having to pay a very high price in Iraq with bigger bills to come By Chas W Freeman Jr LAT-WP THE view in the (Middle East) region, from which I have just returned, is that by destroying the Iraqi state, the
      LAT-WP  -  619 words

  • REGIONAL news
    • 392 11 KUALA LUMPUR They will oversee its investment firms, protect its investments: report THE Malaysian government's asset management company, Khazanah Nasional Bhd, is likely to appoint independent consultants to oversee its growing list of investment companies and consoli- date efforts to protect its investments, particularly in
      392 words
    • 361 11  -  Move follows Kuok group's purchase of 28.5% of company From Eddie Toh in Kuala Lumpur BILLIONAIRE Robert Kuok's executives have joined the board of Transmile following his group's purchase of a substantial stake in the Malaysian airfreight company recently. Transmile announced yesterday
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    • NOTE Book
      • 79 11 AFP is i dine i j Australia yesterday returned to Indonesia thousands of dollars illegally obtained by corrupt Indonesian banker Hendra Rahardja and laundered through bank accounts here. The sum represents only a fraction of the estimated US$l billion Rahardja looted from the Indonesian economy
        AFP  -  79 words
      • 75 11 Bloomberg [BEIJING] China won't give a timetable for making the yuan freely traded because it doesn't want to encourage speculators and can't be sure it would be able to meet any deadline, a senior official said. The government needs to complete restructuring of state-owned companies
        Bloomberg  -  75 words
      • 85 11 Reuters [KUALA LUMPUR] Malaysian power firm Kapar Energy Ventures has shortlisted two banking groups to arrange the country's biggest bond sale this year, bankers close to the deal said yesterday. Malaysia's top investment bank CIMB Bhd heads one group for the RM3.5 billion (Ssl.s
        Reuters  -  85 words
      • 88 11 Bloomberg [HONG KONG] Intel Corp said it may set up a packaging factory in Hong Kong to get closer to its customers in China. Intel denied a South China Morning Post report that the company will open an assembly plant in Hong Kong next
        Bloomberg  -  88 words
    • 353 11 KUALA LUMPUR Reuters A LEADING think-tank lifted Malaysia's 2004 economic growth forecast by a percentage point to 6.7 per cent, but said that an expected cooling of the US economy would weigh on the country's economic performance. The Malaysian Institute of Economic Research
      Reuters  -  353 words
    • 271 11 JAKARTA Its infrastructure investment pays off, lifting cellular growth to 60% Reuters INDONESIA'S leading mobile operator PT Telekomunikasi Selular (Telkomsel), in which Singtel has a stake, yesterday said its net profit jumped 52 per cent last year, boosted by robust cellular subscriber growth
      Reuters  -  271 words
    • 333 12 OIL TRADING Rules to boost foreign investment still not in place, says news report (BANGKOK) The Sri Racha Hub plan, launched three months ago with the aim of making Thailand a petroleum trading centre rivalling Singapore, appears to have become bogged down,
      333 words
    • 301 12 SHANGHAI CHINESE regulators have given the green light for resumption of limited fuel oil futures trading on the Shanghai Futures Exchange following government approval, state press reported yesterday. Trading will be resumed "at an appropriate time after the exchange completes various preparations", Xinhua news agency
      AFP  -  301 words
  • Page 11 Advertisements
    • 3393 11 MANDATORY UNCONDITIONAL CASH OFFER by RAFFLES LASALLE LIMITED (Incorporated in the Republic of Singapore) to acquire all the issued ordinary shares of 550.05 each in the capital of HARTFORD HOLDINGS LIMITED (Incorporated in the Republic of Singapore) other than those already owned, controlled or agreed to be acquired by the
      3,393 words

  • Article, Illustration
    1103 12 Transaction date: Apr 20 MTERBANK CROSS RATES AS C$ Rmb Euro HK$ tnd Rs Ruplah Yen Won RM WZS Pak Rs Peso S$ Band Sir NT$ Baht Pound US$ Australia 1001 6.143 0.620 5.773 32.514 63.758 0.799 8.524 2.813 1.161 42.564 41.190 1.244 4.823 0.963 24.387 29.138 0.412 0.740
    1,103 words
  • 1622 12 SICOM FUTURES Apr RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest May 04 235.00 Jun 04 234.50 Jul 04 236.50 Aug 04 237.00 Sep 04 237.75 Oct/Dec 04 238.25 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest May
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  • REGION world
    • 448 13  -  SINGAPORE 19 companies in four clusters form the core of SSC set up by SiTF and IDA Reports by Tang Weng Fai A CENTRE to showcase the Singapore IT industry in China opened yesterday in Shanghai. The Singapore Solutions Centre (SSC) was
      448 words
    • 156 13 SINGAPORE Computer Systems (SCS) yesterday became the first local company to sign a contract with a Chinese customer as part of the kickoff for the new Singapore Solutions Centre (SSC) in Shanghai. SCS inked a $2.2 million contract with Beijing Tongßen Hospital. The deal was
      156 words
    • 231 13 SACREMENTO, California/HONG KONG Reuters INDIA has passed the investment test of top US pension fund Calpers, winning an endorsement that is likely to spur more foreign stock buying in the emerging markets. Just two months ago, India had failed to meet Calpers'
      Reuters  -  231 words
  • Page 13 Advertisements
    • 175 13 II Plgp t n 22 April, Earth Day Specials I Celebrate the epic world of MiddleH arth with characters from The Lord f The Exhibition (Ipm to 2pm). Oth March 2004 to 4rh Jun* 2004 FIL your fair-skinned secretaries in on their refined qualities. Move HEAVEN AND EARTH to pamper
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    • 2390 13 Tantalising deals from for BT readers Get a slice of the action in the Citibank Gourmet Pleasures programme, which offers Citibank cardholders a wide variety of choice and exclusive privileges at more than 600 F&B outlets in Singapore. For BT readers there are value-added deals too. Visit any of the
      2,390 words
    • 137 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EUTHOR ENTERPRISES PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the members of the abovenamed Company will be held at
      137 words

  • WORLD news
    • 403 14 WASHINGTON It drops WorldCom from name, targets wireless and data services to business Reuters Bloomberg A LEANER MCI emerged from bankruptcy yesterday with promises to radically remake a changing telecom landscape. The long distance giant, which dropped the infamous World Com
      Reuters; Bloomberg  -  403 words
    • 279 14 LONDON Bloomberg US casino company MGM Mirage and UK real estate developer Peel Holdings may build casinos in cities including Manchester and Liverpool for £650 million (Ssl.9 billion) to benefit from a possible easing of gambling laws there. They may
      Bloomberg  -  279 words
    • 447 14 NEW YORK GM beats forecasts; Lucent makes third consecutive profit Reuters STRONG quarterly earnings reports from auto giant General Motors, telecommunications equipment maker Lucent Technologies Inc and others were in the spotlight yesterday as a flood of quarterly scorecards rolled
      Reuters  -  447 words
    • 275 14 NEW YORK Reuters ACCOUNTING standards setters on both sides of the Atlantic jointly asked US politicians not to stand in the way of Corporate America being told to expense employee stock options. David Tweedie, chairman of the International Accounting Standards Board (IASB), also said if
      Reuters  -  275 words
    • WORLD Watch
      • 114 14 Reuters 1 w Abriirsi u ton J More Ub companies raised prices in the first quarter and more reported increased hiring, a survey released yesterday showed. "Employment continues on an upswing, driven by prospects of continued solid economic growth," said Duncan Meldrum, president of
        Reuters  -  114 words
      • 102 14 AFP [SYDNEY] Australian telecoms giant Telstra and rival domestic mobile phone operator Hutchison Telecommunications said yesterday they had abandoned talks on merging elements of their cellphone businesses. Telstra Corp said the talks concluded in the past few weeks but did not rule out a future
        AFP  -  102 words
      • 91 14 Reuters [LOS ANGELES] Walt Disney Co chief executive Michael Eisner got a thumbs down from current and former staffers as a majority of retirement plan shares were voted against his re-election to the board in March, dissident shareholders said on Monday. Over 72 per
        Reuters  -  91 words
      • 68 14 Reuters [MELBOURNE] Australian drugs and diagnostics company Mayne Group Ltd has pulled its wholesale drug distribution arm off the auction block after failing to get the price it wanted, the company said yesterday. The business, which supplies medicines to chemists, was on Mayne's books
        Reuters  -  68 words
      • 76 14 Reuters [NEW YORK] Computer Associates International, mired in a long-running federal criminal probe into its accounting, has fired nine employees after an internal investigation into its bookkeeping. The software maker dismissed four employees in its legal department and five in its finance department, effective immediately.
        Reuters  -  76 words
      • 92 14 AFP [DETROIT] General Motors Corp and the Ford Motor Company said on Monday they plan to make US$72O million in capital investments to manufacture a jointly developed transmission in a first-of-its-kind partnership. The arch-rivals, tentatively agreed to collaborate on the six-speed transmission in October 2002.
        AFP  -  92 words
    • 372 15 Heir apparent replaces the late Jim Cantalupo, years ahead of schedule Reuters AP [CHICAGO] Charles Bell, the first non-American to lead McDonald's Corp, started serving hamburgers and french fries at the company's restaurant in Australia at 15. From that typical teenage part-time job, Mr Bell
      Reuters; AP; AFP  -  372 words
    • 143 15 Reuters [CHICAGO] Distasteful or not, the sudden death of McDonald's chief executive Jim Cantalupo from an apparent heart attack may turn up the spotlight on criticism of the restaurant's food as fatty and unhealthy. McDonald's Inc and other fast food chains have come
      Reuters  -  143 words
  • 4866 14 Transaction date: Apr 20 HONG KONG Vol HK Exchanges Clearing .16.15 -0.15 2007 HKS '000 HKRInfl 2.65 -0.05 3207 H K and China Gas 13.30 unch 7687 Aeon Credit 5.90 0.05 66 Hong Kong Electric 34.20 0 30 2033 Aeon Stores 5.80 0.05 70 Hongkong Chinese 1.05 001
    4,866 words

  • 7096 15 Transaction date: Apr 20 S2«* Tol last Vol Day Last Quote GrOiv Dfv GrVM Net MCip Wall Low Coda Comply Sate (HOP) High Low »yyar Solar Cvt P/t hw« 57.9 32 9 5834 A Sonic 42.5cd -1.5 374 44 42 5 42.5 43 5 N9.7 0.6 15.1 1439
    7,096 words
  • 63 15 H* Id IM M Dar LMOM bM ON GrVM MM MCja l*m lm*» (ii|M| ♦>- f W Or W J mm m Dnmond» IIS2060 2,20 ***** MB US3740 am mosmm UBSS €101 ISWiOO _UW70 M«B w» uw vow inuxn ***** IS® I1M SJS ST1ETT100, 1866 I 1870 1»5
    63 words
  • 1929 15 W Lot V* Da> GrOt. Oh fcrTM Mat MCai 1—I Cm* (Willi Mfc fm M# L— Bwyr i*i Cw Wt jail a 7 5 MB) AMHIdpSc l« 45 20 155 115 15.5 »65 »9 42 15 2101 AFCMSc- 31 Sal i«h 112 32 315 315 12 5 MS
    1,929 words
  • 333 15 5J4M 1M Urt My IM Qmh OOw Dor GrtM Mm MCjb t— Cm* w- f— t— —rrn s<*» cv m sJ JJ8 to; OOOt' AVJCTV*n>fcty WI5 >2 74 215 2IS 215 216 40 88 4? 82 4637 toot CM»UyfV.20c HK720 265 2.1 74 b ?4J66i WKJ Q*orq KcmgSO.
    333 words
  • Page 15 Miscellaneous
    • 194 15 CRYPTIC CROSSWORD 24 IVflLIt round the ships (8) 25 Taken the wrong way (6) 7 Time to get thing mended? Across: 1 Watercress, 6 Cole, 26 Leave platform for another (7) 10 Nawab, 11 Persevere, 12 candidate? (4,4) 14 Way to understand good Acridity, 13 Awake, 15 Railers, driving technique
      194 words

  • BT motoring
    • 557 16  -  Despite popularity of its Cayenne, company not going for market share or volume By Samuel Ee fUKbCMh b output may nave surged alter entering the lucrative SUV market with its Cayenne, but it says it will always remain an exclusive niche manufacturer. The sports
      557 words
    • 761 16  -  Is too much money being spent on spanking new facilities? Samuel Ee reports Samuel Ee TAN Chong Motor Sales has raised the stakes in the Übi motor belt as its brand new Nissan showroom continues to pull in the crowds. But with other marques also
      CHRIS LOH  -  761 words
  • 2678 16 Transaction date: Apr 20 KUALA LUMPUR General Soil 1.26 unch 0 y 0 j Genting .................17.10 0.30 523 RM *1- room George Kent .0.80 0.01 193 Globetronics Tech 7.25 unch 0 ASM Realty 1.60 -0.03 6 GlomacBhd 2.88 -0.12 656 Abric 0.89 unch 87 Gold Bridge Engrg 0.52 0.01
    2,678 words
  • 878 16 i Transaction date: Apr 20 Sttdiiinw Wl Ow Onwy Stock mm Wt Oct Change Allgreen 50c 0.32 1.050 NOL 1.63 2.130 +0.080 Bll Intl US20c 0.38 0.750 -0.005 0C8C 8 89 12.100 +0.200 CapitaLand 1.21 1.680 +0.010 Parkway H 25c 0 58 1.160 Chart SemiCond 26c 1 35 1.640
    878 words
  • 701 16 BONDS WARRANTS Prem Expiry Td Last Vol Com Eur Disc Gear Mths Code Company Salt ♦or- ('000) Ratio Wet ing Loft 3779 ASL Marine Hldgs W*****1 19 1 22 1 53 37 2.76 48 3698 ASTIW*****1 .40.5 1 16 -2 1.42 2 3697 Acma Ltd W*****6 AS 1 50 531
    701 words

  • SHIPPING TIMES
    • 779 17  -  Tender awarding referred to election panel; opposition slams revenue share as pittance By Donald Urquhart [SINGAPORE] Highlighting the challenges of doing business in India, the plum win by the Maersk/Concor consortium for the new 10 billion rupee (Ss3B2 million) container terminal
      AFP  -  779 words
    • 377 17 It surpassed Japan with 43.8% of international orders in 2003 AFP [SEOUL] South Korea overtook Japan to become the world's largest shipbuilder last year with over 40 per cent of the market, the Commerce, Industry and Energy Ministry said yesterday. The ministry said that South
      AFP  -  377 words
    • 768 18  -  STRAIT TALK By David Hughes THERE is no doubt that last week's news that the US Coast Guard (USCG) has admitted Singapore to its 21st Century programme (Qualship 21) is a real feather in its cap for the Republic's register and the Maritime
      768 words
    • 240 18 Reuters [SHANGHAI] China International Marine Containers (CIMC), the world's largest maker of shipping containers, expects first-quarter net profit to leap more than 50 per cent on booming demand, the company said yesterday. CIMC, an arm of ports-to-roads conglomerate China Merchants Holdings, reported 104.31
      Reuters; BLOOMBERG FILE PHOTO  -  240 words
    • 171 18 Bloomberg [HONG KONG] Cosco Pacific Ltd, the port arm of China's largest shipping company, handled 18.6 per cent more containers in the first quarter as demand in the US and Europe for China-made computer chips, cellphones and other goods rose. The company handled 5.07
      Bloomberg  -  171 words
    • 197 18 PAGE Alianca 3 AAL 5 Avant 6 Bank Line 4 B'tang Mas 5 BSA 4 BSC 6 BTL 6 Cargoways 6 CMACGM 3 COSCO 3 China Shpg 5 Confer 6 Crocodile Line ....4 CWTGIobelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6
      197 words
    • 13211 23 THEBUSINESSTIMES EXPORT I u.„.„ T.i»h... TTA FT A I/KUI Vnvjina T»l»nhon» ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oesfn Name Name Numew 01/05 15/05 ECL DAWEI 45-*****555 To ABIDJAN (ABJ) 2003 Cot# D'lvolra To CALL AO
      13,211 words
    • SHIPS IN PORT
      • 523 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E4100 J3 A/SIDE 21/04 0230 CITRAABADI JB4403 16 A/SIDE 21/04 0800 COS LUCKY *****4 J15/16 A/SIDE 21/04 2300 LUSHAN 50 J15/16 A/SIDE 21/04 2300 MU EXPRESS 26SA J13 A/SIDE 21/04 1200 NICO 3 1904 J3 A/SIDE 21/04 0630
        523 words
      • 1727 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX SAKURA 029N 029N 1 22/04/2004-23:59 23/04/2004-12:00 ALAMJAYA 2 8892N 8892N 1 24/04/2004-07:00 24/04/2004-14:00 ALNOOF C291W C291W 1 24/04/2004-15:00 25/04/2004-04:00 AMERICA SEN 952W 952W 1 22/04/2004-16:00 23/04/2004-06:00 K14 ANDA 4095
        1,727 words
      • 626 25 Carbon 180 Max 989.7 0.3 14.9 0.05 36 0.04 Apr IS Density Water Residue AshAluminium Sediment No above E2S 0 0 0 0 0 0 5T5/M 380 Ave 985.9 0.3 13.5 0.05 26 0.02 Exxon 380 Max 994.4 0.7 17.8 0.08 64 0.05 K6/W3 v/v M/M
        626 words
      • 140 25 Apr 25 Italy: Liberation Day. NZ: Anzac Day. Apr 26 Australia: Anzac Day. Apr 29 Japan: Greenery Day. Apr 30 Vietnam: Victoria Day. May 1 Belgium: Labour Day. China: Labour Day. France: Labour Day. Germany: Labour Day. HK: Labour Day. Italy: Labour Day. Norway: Labour Day. Philippines: Labour
        140 words
      • 845 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 indicated. The Cockett Bunker Price Index change and the individual
        845 words
    • AIR & LAND transport
      • 982 26 Bruce Lakefield, board member at parent US Airways Grp, to succeed him NYT [NEW YORK] The chief executive of US Airways, David Siegel, who vowed last month that he would not run from the airline's deepening financial problems but had reached a logjam
        NYT; FILE PHOTO  -  982 words
      • 625 26  -  TNT opens Asia clinical express services headquarters in Singapore By Beth Jinks [SINGAPORE] The growth of life sciences and biotechnology shipments will continue to outstrip the electronics sector in Singapore, according to express logistics major TNT. TNT South-east Asia general manager Michael
        625 words
      • 103 26 AP [LOS ANGELES] Los Angeles International Airport suffered its second power outage in eight days, although flights were not disrupted thanks to backup batteries. A malfunctioning transformer was blamed for leaving some airport buildings without regular electricity for nearly two hours on Monday. "It's a
        AP  -  103 words
      • 263 26 AP [PITTSBURGH] Pittsburgh International could become the first major airport in the United States to abandon the post-Sept 11 rule that only allows ticketed passengers past security checkpoints. Federal security officials are considering allowing people to accompany friends and relatives to departure gates.
        AP  -  263 words
      • 2188 26 5H* FU6HT m FLIGHT ETC GA840 1725 CA841 1825 llllllll 8A7381 1840 LH9770 2300 S0U7 2230 SOUS 1900 LH9771 1840 S0229 2300 MraK mm 0105 NW12 0615 Dtata ***** 0550 8685 1745 5 g B a s ***** 2030 S0403 0730 0(349 00)0 1 I S03<
        2,188 words
  • Page 17 Advertisements
    • 33 17 ■HLj, „<♦ iff +*f ,-rii, v- j+f -/ni riiftit 1 >*' O' T'«l '~SZ7'" ri ■"'> -jmwHn 1 o*% v^l r M >7! 7 J -V i < y qr ".7;. rr*;^'j| jg 1 > m -Jfr J
      33 words

  • Page 18 Advertisements
    • 909 18 I TO USA/CANADA I EXPORT I I OTHER DESTINATIONS~~I |VESSEL VOY PKG ETA SIN LONG BEAOI[ DALIAS HOUSTON MEMPHIS CHICAGO NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00QHAMBURG 02C17 20/04 21/D4 07/05 12/05 14/05 12/05 12/05 15/05 ygjQ yOY "TTTSST PKG FRE INE SYO MEL~" ~~A5T"~ PlO NEDUOYD HOUTMAN 22E18
      909 words
    • 542 18 Lines services represented by '$B*l 509,5'"S 09,5 vgytQ/ Singapore Snipping Association ULY LINE MALE AVESSEL VOY ETA ETA ETA A P. KLAHG SPORE MALE China Star 016W 23/04 03/05 Kota Tegap TGAO62 26/04 06/05 Princess Lily 0304 30/04 12/05 I ULY MARINE SERVICES PTE LTD 1 NORTH BMDGE ROAD, #21-10,
      542 words

  • Page 19 Advertisements
    • 763 19 VjOyTii/irigj <f"~a ranoe of shipping modes to ensure Hmely, reliable services covering major J) ports in North America, Europe, Japan/ Asia, Africa Oceania. Abo accept bitro-Asia Corgots Hr BK^r 6 6 For Schedules, BL Searches, and Container Tracking, click on our TfflBlHNBSTniHi TO ADVERTISE, CALL JOE WONG AT 6319 2062
      763 words
    • 2149 19 ADDITIONAL NEW WEEKLY "ADX" SERVICE TO EAST MEDITERRANEAN ON EVERY FRIDAY WITH EFFECT FROM MING SKY V.OOOIW ETA SIN: 02/04/2004 GENERAL AGENTS IN SINGAPORE: 16 RAFFUS OUAY #36-01 SAIES/RKGS TIL *****157/43 FA* *****321/24 I tMfiiPQßt TO KTiNMII -1S DAYS COSTAR SHIPPING PTI ITD HONG lEONG RUIUHNC OUTWARD (»/U M2O$M2 I
      2,149 words

  • Page 20 Advertisements
    • 2520 20 V'>l nci MAC ENQUIRIES/B00KINQ8: *****344 FAX: *****433 E-MAIL: dalmasOdalinas.cofn.ag DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 BIUW WHT UKKA IXFKIM EXPUSS CONTAMIR SERVICE TO SOUTH/WIST AFRICA ViSSCI VOY SIN REUNION LUANDA POINT! NOIRE MAT API LIBREVILLE ABIDJAN TEMA LOME TINCAN COTONOU APAPA DOUALA OHNE BsoDehws 422W 23/04 10/05 12/05 18/05 27/05 14/05 18/05
      2,520 words
    • 722 20 JBSA^ MYANMA pQ FIVE STAR LINE (Myanmar National Line) Loading for Yangon VEssa VOY SIN PKI PIN PGU PAGAN 328W SID HPA-AN 320W SID SU> IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 A 1 MKKKk ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKI KIK FUTWtEACE
      722 words

  • Page 21 Advertisements
    • 1357 21 vessel voy sin pkl dxb bab dmm bik chabahar Ikhorramshahr] IRAN KIRMAN PCL 365 24/04 SKIP 02/05 03/05 09/05 11/05 13/051 ***** IRAN SHAHRYAR PCL 8032 30/04 01/05 09/05 10/05 17/05 19/05 21/05 23/05 IRAN SATTARI PCLBO3I 07/05 08/05 17/05 18/05 25/05 27/05) 29/05 31/05 IRAN TEHRAN PCL36B 15/05 16/05
      1,357 words
    • 618 21 UK CONTINENT SERVICE Loading for GLORIUS RTM/ATW/BMN/UK/NAN ATERMON RTM/ATW/B MN/U K/NAN Loads Singapore, E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBl/ABU/DOH/BRN/DM M/KWT VTC STAR DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/JDH/AQA •Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for NENA M CAM/NOIVNFK/SAV YONG AN 4 CAM/NOL/NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/M2L 'Loads E7W
      618 words
    • 704 21 -*21; 2!L E6a SIM it: M 21/04 22/04 MAHUAYA 2 Ml 25/04 27/04 SffKS LIS3H 22/04 23/04 PAtiINTAH J245 26/04 2M4 P 25/04 mug AM m 30Q3 ?«/Q4 tt/M M FAHPA LISSM 2bM 26/04 PAC HKTAN 9246 03/05 OS/OS -E&ianm um 2UM 27/04 P« BANDA 1_197N 28/04 29/04 "PAHANDA HSS
      704 words

  • Page 22 Advertisements
    • 635 22 HHHHSEANAVIGATOR 179S 21 21/04 FOR DISCHARGING ONLY I ■PffiWi TIGER WAVE 179N 21 22/04 27 28/04 03-03/05 ■MZjUMfI TIGER PEARL I7BN 22 22/04 28-29/04 04-05/05 I 1 1 "PTIGER SKY 180N 24-25/04 01 02/05 08 09/05 I ■■■■■TIGER SHARK 181S 28-28/04 FOR DISCHARGING ONLY I TIGER SEA 181N 28-29/04 05-06/05
      635 words
    • 1080 22 FREIGHT LINKS EXPRESS PmLT^ 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****51 1 Fax: *****577 ATTRACTIVE lcl rates to these various destinations VALPARAISO MANZANILLO CALLAO NINGBO I SANTIAGO VERACRUZ MONTEVIDEO XIAMEN BUENAVENTURA PANAMA CITY DALIAN PLS CALL FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569/5553 PROJECT HEAVYLIFT CARGO (CONVENTIONAL
      1,080 words
    • 1580 22 nn J I IMFP CR HO: **********0 C Vtebsiti http://p<lzlii««t.coifi //J7 rm 1/ MAIN: TEL: 6221-1333 FAX: 6221-5272 IM MM Wm 1™ CUSTOMER SERVICE: TEL: 6221-SS96 FAX: 6227-8190 SINGAPORE: TONO KX3 SHIPPING PTC ITD Emoil: booklnyiBtjs.tom.sg REGULAR CONTAINERISED SERVICES TO MALAYSIA, BRUNEI, MYANMAR AND VIETNAM Ivissii ror it*sin it*kcm mm
      1,580 words
    • 195 22 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI VESSEL 1 VOYAGt ETA SINGAPORE HA KARACHI Chitrol or substitute 020HW 15.05.04 *****4 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Road #17-07/08 Apex Tower, Singapore *****5 Telephone: 6270 0977 Facsimile: 6275 2309 Telex; RS ***** SEAPAC DIRECT SIN NAMPO, P.P.R. KOREA I
      195 words



  • Page 25 Miscellaneous
    • 113 25 Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols v 7 Showers Full circle w/o line indicates calm or light and variable winds Rain O ne ha 'f fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots x Hazy *One solid triangle represents 50 knots D
      113 words

  • Page 26 Advertisements
    • 118 26 SINGAPORE PORT KLANG TO KARACHI AND V.V. COLOMBO TO KARACHI AND V.V. NOTICE TO TRADE RATE RESTORATION Feeder operators in the Karachi trade wish to inform all MLOs that a Rate Restoration will be implemented on 15 May 2004. The following minimum rates shall apply for all SOC shipments with
      118 words