The Business Times, 29 April 2004
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2004-04-29
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The Business Times
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Title Section15 2004-04-29 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Internet: http://business-times.asial .com.sg SINGAPORE THURSDAY, APRIL 29, 2004 85(515 words
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678 2004-04-29 1 Kalpana Rashiwala - Scheme expected to add to stock of retail space, pat pressure on rents By Kalpana Rashiwala [SINGAPORE] In a departure from current practice, the Economic Development Board yesterday announced a warehouse retail scheme that will allow retail activities within industrial or warehouse developments678 words
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556 2004-04-29 1 Chuang Peck Ming - It identifies 7 key sectors for fresh business tie-ups By Chuang Peck Ming [SINGAPORE] Malaysia will figure strongly in Singapore's drive to go global this year and International Enterprise Singapore has picked seven priority sectors for business tie-ups between the two countries. The556 words
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Article80 2004-04-29 1 Dsn 1,847.76 (-5.82) ST INDEX FUTURES 1,852.00 (-6.00) SIMSCI 224.52 (-0.30) SIMSCI FUTURES 224.30 (-0.50) Wednesday Change KLSECOMP ***** 6.75 NIKKEI 225 12.IMM.2» 4(1.59 HANIi SKN(i It,MM! >10.40 SETT INDEX 672 :t4 -8.55 JAKARTA COMP 817i»:J -0.22 MAN I LA (< M P...... UMSl 1 3.38 TAIPEI WPI ti.574.7580 words
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Article74 2004-04-29 1 FOREX RATES US$ 8$ IISS (SS per ISS) 1.695 S(l'S$/SS per 1.789 3.0:52 El'ROH'SS/SS/E) 1.191 2.018 YEN 109.1 64.40 KM 3.800 2.242 HKS 7.800 4.603 BAHT 39.77 23.46 WFIAI 8.641 5.099 RENMINBI 8.299 4 K«7 INDIAN RUPEE 44.18 26.07 AS UK 0.805 NZS 1.590 0.938 PRIME RATES SINGAPORE 5.2574 words
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364 2004-04-29 1 Huge reserves of Asian nations could touch off another crisis, it says AFP [SEOUL] The massive accumulation of foreign exchange reserves in Asia over the past two years could trigger another financial crisis, the Asian Development Bank warned yesterday. Reserves held by developing economies inAFP - 364 words
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Advertisement8 2004-04-29 1 game for retailers Pg2 8 ill IBM su.8 words
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Advertisement163 2004-04-29 1 SINGAPORE'S corporate J y y S community pounded the il pavement last evening. w if V turning out in force for the < *j-j, JRMorganChase p Corporate Challenge. A record-breaking6,747 bH3& JH I runners, joggers and y. ,;^^HE walkers took part in the lj#k. /■HUB 5.6-kilometre run in the n163 words
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Article, Illustration764 2004-04-29 2 Kalpana Rashiwala - Competition to intensify as scheme is expected to draw big foreign players By Kalpana Rashiwala [SINGAPORE] The new warehouse retail scheme announced yesterday by the Economic Development Board will bring new retail concepts and players to Singapore. While this is good news764 words
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494 2004-04-29 2 Chuang Peck Ming - They must report fees and stock options received By Chuang Peck Ming [SINGAPORE] Members of Parliament of the ruling People's Action Party must now also report the fees and stock options they receive if they sit on corporate boards, according to the party's494 words
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Article, Illustration525 2004-04-29 2 Teh Shi Ning - By Teh Shi Ning [SINGAPORE] The Asian debut of the JPMorgan Chase Corporate Challenge Series has proven that Singapore's corporate community has not left Fitness and fun by the wayside. Last evening's overwhelming turnout of 6,747 employees from over 250 companies and corporatePHOTOS BY CHRIS LOH AND ARTHUR LEE - 525 words
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406 2004-04-29 2 Genevieve Cua - Focus should be on building ties with clients: HAS By Genevieve Cua [SINGAPORE] Licensed financial advisers (FAs) claim to offer an edge over banks and insurance agents because they have their clients' interests at heart. But the Monetary Authority of Singapore says the406 words
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Advertisement63 2004-04-29 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: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:63 words
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Advertisement61 2004-04-29 2 More The race is run, but there mill be more action photos of the JPMorgan Chase Corporate Challenge in this Saturday's edition of BT Weekend. Microsoft Insights from inside Microsoft's first-ever security summit. Look out for it in today's special insert. If J 1 feecjSJ Better still, register your IT61 words
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Advertisement42 2004-04-29 3 mi Dependability—one of the many reasons why premier financial institutions use 002* r Vi,» 1 "i < rf". -f Sr«d&9 •> Eal -L i- tVfc v.'- m g flrctngKg£gg C c f V «-i *3 r 00? For Corporate enquiries, please call 1 622.42 words
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SINGAPORE companies
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Article, Illustration502 2004-04-29 4 Chen Huifen - It is setting aside $150-$200m for capital expenditure this year By Chen Huifen AS it posted a more than trebling in fourth-quarter net profit yesterday helped by lower operating costs and a tax write-back SMRT Corp also unveiled plans to grow revenue502 words
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435 2004-04-29 4 Kenneth Lim - Sale comes after a reverse takeover deal between the two fell through By Kenneth Lim HONG KONG-listed Heng Fung Holdings has pared its substantial stake in Singa-pore-listed China EnerSave by about 40 per cent, three months after a reverse takeover deal between435 words
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659 2004-04-29 4 anqela tan - HOCK lock siew anqela tan VETERAN banker Wee Cho Yaw may have satisfied the authorities by paring down United Overseas Bank's (UOB) stake in non-core property arm United Overseas Land (UOL). But there will be some explaining to do when he next meets the659 words
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515 2004-04-29 6 Serena Ng - 17 other potential claims also loom, it says in rights issue circular By Serena Ng SINCE its disclosure last year of possible financial irregularities at one of its subsidiaries, Sesdaq-listed Startech Electronics has been landed with around 20 lawsuits from parties that include its515 words
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320 2004-04-29 6 Genevieve Cua - Fond of funds to invest in early cycle Asian hedge funds By Genevieve Cua A UNIT of the Kim Eng group will launch a fund to invest in Asian hedge funds at the early stage of their investment cycle. The fund will be320 words
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Article, Illustration221 2004-04-29 6 UOB will undertake investment banking and direct equity investments in China through its joint venture with Beijing Securities Company, it was reported yesterday. This will be done through setting up a fund management company on the mainland. Daniel Chan, managing director ofFILE PHOTO - 221 words
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COMPANY Briefs
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68 2004-04-29 6 PRECISION metal stamper Miyoshi Precision has proposed a l-for-5 bonus share issue after net profit for the six months ended Feb 29 ballooned ninefold to $2.1 million from $228,000 a year ago. Driving its growth in the first half was an 85.8 per cent year-on-year68 words
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Article89 2004-04-29 6 Bloomberg OVERSEA-CHINESE Banking Corp said it may invest more money in PT Bank NISP after buying a 22.5 per cent stake in the Indonesian lender in its first foreign acquisition. The bank is prepared "to invest more money in NfcP if it needsBloomberg - 89 words
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Article113 2004-04-29 6 AUSTRALIA'S High Court yesterday upheld a ruling in favour of Sing Tel Optus. In hearing Australian local councils' move to impose charges on aerial and underground cables owned by Optus, the Federal Court in Australia had earlier found that "the relevant state legislation had113 words
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Article71 2004-04-29 6 SINGAPORE Airport Terminal Services (Sats) has announced that its catering chief executive Joseph Chew Khiam Soon will be retiring on May 26. However, Mr Chew will stay on in the company as adviser to the CEO of the Sats group from May 26 for a period71 words
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56 2004-04-29 6 EUROPTRONIC Group said its 39.9 per cent associate, Eucon Holding Pte Ltd, intends to seek an SGX listing. The latter has appointed SBIE2 Capital as the issue manager. As the proposed listing is at a preliminary stage, it advised shareholders to exercise caution in dealing56 words
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323 2004-04-29 7 Amit Roy Choudhury - It's earmarked about US$5m this year to improve infrastructure By Amit Roy Choudhury DATA hosting and Internet exchange services company Equinix Inc in which ST Telemedia has a major stake, has signed a long-term lease for an additional 95,000 square foot data centre323 words
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240 2004-04-29 7 Taila Krishnakumar - By Taila Krishnakumar INDEPENDENT shareholders have shot down furniture retailer Novena Holdings' diversification move to acquire an additional 56.1 per cent stake in Green World Holdings. The proposed acquisition which would have raised the Novena group's stake in the environmental management company240 words
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220 2004-04-29 7 Taila Krishnakumar - Troubled firm is taking steps to help it relist shares By Taila Krishnakumar PRECISION engineering services company Ho Wah Genting International said it has entered into an agreement with a company called Ariel Singapore Pte Ltd with a view to resolving its financial220 words
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Advertisement134 2004-04-29 4 I' MORE THAN ANYONE, LEADERS SHOULD WELCOME BEING I HELD ACCOUNTABLE. NOTHING BUILDS CONFIDENCE IN A I LEADER MORE THAN A WILLINGNESS TO TAKE RESPONSIBILITY I FOR WHAT HAPPENS DURING HIS WATCH. Rudy Giuliani KBE I LISTEN, MEET AND CONVERSE WITH THE WORLD'S MOST INFLUENTIAL LEADERS AT THE GLOBAL BRAND134 words
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Advertisement5 2004-04-29 4 Swiss Private Banking since 18415 words
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Advertisement87 2004-04-29 5 Covering the planet I with IP solutions. ft. \X v v V v MCl's global IP network is at the heart of our ability to provide a full range of communications solutions, from the simplest transport to the most sophisticated networking. Our services have the power to simplify, secure and87 words
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Advertisement36 2004-04-29 6 At ascendas The all-new t Ascendas Plaza w P'Wr w V iito-i Shanghai's i I I Premiere Business 1 M v v and Shopping Haven I TIF V. I i um i > w 89 v i36 words
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Advertisement644 2004-04-29 7 one hundred| 27 May 2004 The Ritz-Carlton Mitlenia Singapore y"' N Accountants of the futon wtfl need to The registration fee for the conference is: be aware of a much broader range of S$2SO (Members/Affiliates/Students) reporting issues. Yes, there is a new Ss4oo (Non-members) frontier, and it is one which644 words
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SINGAPORE markets
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Article681 2004-04-29 8 VEN SREENIVASAN - Compiled by VEN SREENIVASAN Huan Hsin Holdings April 28 dosing $1.05 HUAN Hsin reported strong results. Q1 net earnings jumped 45 per cent to $6.6 million on a 62 per cent rise in revenue to $101.6 million. Revenue growth came from all segments. Once again, the star performer681 words
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Article, Illustration254 2004-04-29 8 Ven Sreenivasan - HOT STOCK WARRANT By Ven Sreenivasan THE Singapore bourse has been in a consolidation phase for the past couple of weeks. The more cautious players prefer to steer clear of stocks for the time being. But those with a longer-term view would seeSource: Bloomberg - 254 words
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Article, Illustration543 2004-04-29 8 r. sivanithy - BT comment STOCKS r. sivanithy IT wasn't that long ago that China plays were all the rage, with the mere mention of a mainland link sufficient to send prices soaring. But judging by recent price action, this is no longer theSource: Bloomberg - 543 words
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Article, Illustration609 2004-04-29 8 larry wee - BT comment CURRENCIES Thai baht hits new 2004 low on southern casualties larry wee THE US dollar failed to make fresh ad vances in Asia yesterday, despite another couple of stronger-than-expected US numbers released overnight. News of a much stronger-than-expected US April consumer confidence readingSource: Reuters - 609 words
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TRADES TO WATCH
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145 2004-04-29 8 HGMetal Manufacturing directors bought shares in toe open market on Tuesday, two days before 18 milion new shares were to start trading. Chief execuive director Wee Piew bought 50,000 shares at 38 ents apiece, for a total of $19,000, to raise his staie to 1.85145 words
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71 2004-04-29 8 N2W Toyo International Holdings independent drector Tay Joo Soon exercised 414,378 warrants ata strike price of 45 cents on Tuesday, raising his stike to 0.48 per cent from 0.32 per cent previously. Tie warrants, which last traded at 20.5 cents yesteday, expire on Oct 27.71 words
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75 2004-04-29 8 CDLDEN Agri-Resources independent director long Pian Tee sold all his 350,000 shares in the a>en market on Tuesday at 35.5 cents, a half-cent dscount to Tuesday's closing price. Golden Agri i a 55 per cent subsidiary of Asia Food Propertes, and is one of75 words
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Article89 2004-04-29 8 KENNETH LIM - Compiled by KENNETH LIM CFM Holdings chief executive Janet Lim bought 97,000 shares over the past week in the open marlet. On April 20, Ms Lim purchased 100,000 shares ;t 28 cents apiece, and on Tuesday she bought anither 97,000 shares at 26.5 cents89 words
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Article, Illustration426 2004-04-29 8 OTHER SINGAPORE INDICES Apr 28 VALUE CLOSE BTOB/OS -767.00 -22.00 BTCADI -4787&.00 -148.00 BT 10-day MA -*****.00 -77.00 AH-SG Equities 498.56 -1.71 SG Equities Elect -2.62 SG Equities Fin 1481.37 -5.09 SG Equities Prop 446.08 +0.35 SIMSCI 224.52 -0.30 SiMSCI Futures 224.30 -0.50 Stock* Volume Wee Poh 0.5c 38,798,000 Bio-Treat426 words
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Advertisement15 2004-04-29 8 I I I I /ffering educational tourses? j Call our C.AXS. hotline at 1800-289-9988. 115 words
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BLUEchips
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Article, Illustration927 2004-04-29 9 WONG WEI KONG - Disciplined expansion of core businesses pays off, says WONG WEI KONG WONG WEI KONG WHEN Keppel Corp shares crossed $6.00 in the later part of last year, some wondered if there would be much more upside to the stock. Now, Keppel shares areSource: Bloomberg - 927 words
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Advertisement125 2004-04-29 9 V CLOSED ON A\ SATU RDAY? JmI jjr zZ. it J 411 v 3M \:0CFM J Call *****838 to divert delivery of I The Business Times weekend edition to your home' 'f.-t v ',V*'- <• < ■<'■■■ .> V r■ k < x *> a Take away Mum's aches and125 words
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EXECUTIVE suite
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Article, Illustration346 2004-04-29 10 It has signed up tenants like AXA Assurance's unit BUSINESS space provider Ascendas Pte Ltd is increasing its exposure to China with the launch of its first commercial building in Shanghai yesterday. The newly completed Ascendas Plaza in the vibrant business district of Xujiahui is346 words
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420 2004-04-29 10 Kalpana Rashiwala - By Kalpana Rashiwala THREE freehold investment sale properties with a total value of about $80 million have been put on the market in separate tenders. Two of them are next to each other: St Thomas Mansions and St Thomas View. Developers can420 words
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Advertisement421 2004-04-29 10 I Banking Hall with Mezzanine Floor M im JOHN hancock TOWER 6 Raffles Quay I trata area sc Short wa t to Raffles Place MRT wner: 6830 0133 H TUAN SING GROUP Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers421 words
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SINGAPORE news
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435 2004-04-29 11 Chen Huifen - Paper consumption expected to increase in China, India, S-E Asia By Chen Huifen ASIA and the tropical belt holds great potential for pulp producers, not only in terms of proximity to demand but also manufacturing costs, says the region's top market pulp producer435 words
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305 2004-04-29 11 Chen Huifen - By Chen Huifen THE country's economic outlook may be better this year, but Singaporeans need to adopt wage reform and training measures in order to tackle global competition. That is the key theme underlying this year's May Day messages. Acting Minister305 words
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278 2004-04-29 11 EYE on the economy THE outlook for Singapore's exports and industrial output is generally positive, according to Bank of Tokyo-Mitsubishi. Global economic recovery is expected at macro-economic level, while there is a revival in electronics demand to look forward to at the sectoral level.278 words
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185 2004-04-29 11 THE National University of Singapore (NUS) and the Australian National University (ANU) yesterday signed an agreement to offer a joint degree programme. This is in line with one of the tenets of the free-trade agreement between Australia and Singapore. Joint degree programme students will185 words
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Article, Illustration356 2004-04-29 11 Ven Sreenivasan - Discussions centred more on market info sharing: CEO By Ven Sreenivasan EMERGING low-cost carrier Valuair confirmed yesterday that it held exploratory talks with Australia's Qantas and Virgin Blue, but said nothing has resulted from the discussions yet. "We can't say that we talkedJOYCE FANG/ST - 356 words
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Article, Illustration707 2004-04-29 13 Geoffrey Eu - Torbreck wines combine well with Conrad Hotel's Cantonese food By Geoffrey Eu IT was unorthodox but it yielded surprisingly pleasant results at the World Gourmet Summit's Torbreck Vintner Dinner on Tuesday night. "It" was a partnership featuring an Australian cult winery known for its lush,FILE PHOTO - 707 words
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EDITORIAL & opinion
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Article, Illustration806 2004-04-29 12 shada islam - THE bottom line OPINION shada islam THE European Union's long-awaited eastward expansion becomes a reality on Saturday, May 1 as the erstwhile 15-nation bloc opens its doors to 10 new states, eight of which were once communist nations belonging to the defunct806 words
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Article54 2004-04-29 12 'Libya, which led the liberation movement in the Third World, has decided to lead the peace movement all over the world.' Moammar Gadhafi Libya's leader, in Europe on his first visit outside Africa or the Arab world since attending a meeting of non-aligned nations in Belgrade, Yugoslavia,54 words
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Article593 2004-04-29 12 EDITORIAL IF FOREIGN investors took an arm's-length attitude towards Malaysia in the final years of the Mahathir administration, much seems to have changed under the new leadership. Yesterday, Singapore's trade agency, IE Singapore, announced that Malaysia will feature strongly in the Republic's drive to go593 words
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Article, Illustration1092 2004-04-29 12 Leon Hadar - A broader grouping of great military and economic powers is essential for effective coordination of geo-strategic and geo-economic policies From Leon Hadar in Washington EVERY time the Group of Seven (G-7) leaders convene somewhere on this Planet Earth (and it happensAP - 1,092 words
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Article533 2004-04-29 12 William Pesek Jr - COMMENTARY Again, that is after the false start that triggered the 1997 Asian crisis By William Pesek Jr Bloomberg A QUINTESSENTIAL businessman, Thai Prime Minister Thaksin Shinawatra has the spiel down pat. It's that his country's economy is destined to be the pride of Asia andBloomberg - 533 words
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Page 12 Miscellaneous
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Miscellaneous224 2004-04-29 12 CRYPTIC CROSSWORD university (4,2) 27 Tragic king finally cut down in in club? (6) YESTERDAY'S SOLUTION field (3) 7 Deliver a kitchen item maybe Across: 1 Vituperation 9 28 Heartless head cook (4) (4 Spearhead, 10 Trout, 11 Gothic, DOWN 14 Fish finds sheltered side to 12 Bludgeon, 13 Dosage,224 words
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Article, Illustration1086 2004-04-29 13 Transaction date: Apr 28 MTEBBAlfK CROSS RATES AS C$ gmfa Euro HK$ Ind R? Ruptah Yen Won RM MZ$ P»k Rs Peso S$ Bawd S»r MT$ Baht Pound US$ Australia 0.992 6.081 0.615 5.716 32.378 63.325 0.799 8.474 2.785 1.165 42.129 40.850 1.242 4.904 0.953 24.234 29.143 0.410 0.7331,086 words
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Advertisement217 2004-04-29 13 Trade Link Place Where Enterprise Thrives [7 f 111 s 5 Development Land for General Industries Maximum Plot Ratio 2.5 Minimum 0.7 Infrastructure-ready Close to 2nd Link, Ample Amenities Modular Plots of 10,000 sq ft onwards Agents are welcome For Sales Enquiries, Please Call: Developer: *****631 *****422 Bl Tiias Hi-Tech217 words
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REGIONAL news
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Article, Illustration611 2004-04-29 14 TERROR JITTERS Uneasy investors sell Thai, M'sian stocks; rubber output also at risk Bloomberg, AFP, Reuters [HAT YAI, Thailand] The Thai baht fell to its lowest level in almost five months as clashes between security forces and suspected MuslimBloomberg,; AFP,; Reuters; Source: Bloomberg, Reuters, AFP - 611 words
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NOTEBook
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Article93 2004-04-29 14 Reuters [KUALA LUMPUR] Telekom Malaysia Bhd, locked in a dispute over its investments in Ghana Telecom (GT), said on Tuesday that it had approved under protest a US$l3O million loan to the Ghanaian firm. The Malaysian company said it had approved the loan to avertReuters - 93 words
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107 2004-04-29 14 Reuters IHUNii KUJNtij unina Mobile (Hong Kong) Ltd, the world's biggest mobile operator, said yesterday it will pay U553.65 billion to buy cellular networks in 10 of China's poorest provinces from its state-owned parent. The purchase will give the carrier, which along with itsReuters - 107 words
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75 2004-04-29 14 Bloomberg [JAKARTA] PT Bank Negara Indonesia has proposed a merger with smaller rival PT Bank Permata that would create the country's second-largest lender by assets, a government official said. The central bank is yet to approve the merger plan, said Mohammad Syahrial, president ofBloomberg - 75 words
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195 2004-04-29 14 KUALA LUMPUR Reuters THE Japanese and Singapore diplomatic missions in Malaysia have received threats over their countries' decision to send troops to Iraq, Malaysian police said yesterday. The letters ordering Japan and Singapore to pull their troops out of Iraq or face the consequencesReuters - 195 words
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Article, Illustration347 2004-04-29 14 Eddie Toh - From Eddie Toh in Kuala Lumpur TRANSMILE, which has become a new vehicle for tycoon Robert Kuok, has appointed former Malaysian transport minister Ling Liong Sik as its new non-executive chairman. This will be the first time Mr Ling, 60, sits on the347 words
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653 2004-04-29 14 BEIJING Move seen as blow to efforts to reform banking system Reuters IN a setback for reforms to China's debt-ridden banking system, Bank of China said yesterday it would delay indefinitely the first domestic auction of bad loans toReuters - 653 words
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222 2004-04-29 14 BEIJING AFP, Reuters CHINA'S health ministry reported a new suspected Sars case in Beijing yesterday, taking the total number of suspected cases in the country to seven. Chinese state media also reported yesterday that nationals from countries including Australia, Japan, South Korea and RussiaAFP,; Reuters - 222 words
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314 2004-04-29 14 KUALA LUMPUR THE former debt buster of Malaysia has tied up with a unit of Singapore's OCBC Bank to provide outsourced services for processing cheques for financial institutions in Malaysia. Symphony House, which is controlled by national debt management company314 words
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Advertisement101 2004-04-29 14 avail of ATTRACTIVE DISCOUNTS ©gLMAStN \»yppUa nr ~(f Aci on golf equipment, apparel, czi VVczJt3rvA3l ILJ LJI IAII accessories more! cosen JOV <25— TEST Drive the latest clubs! W0 I m 111 J3!?L Tetsujin X* IMBBHUMBHB ,-TTjB organiser official publications Wtß H f TH t~J B •WM cae tmbwc YUJI101 words
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WORLD news
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Article, Illustration570 2004-04-29 15 Raju Chellam - It raises sales expectations for current quarter by about US$150m By Raju Chellam [SINGAPORE] The boom in telecommunications has given new wings to Singa-pore-headquartered Flextronics International, which has reported record sales for both its fiscal fourth quarter as well as for its full year endedSource: Bloomberg - 570 words
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494 2004-04-29 15 CORPORATE EARNINGS Bloomberg, AFP, AP [TOKYO] The world's biggest consumerelectronics maker, Matsushita Electric Industrial Co, had a profit in its last business year after cutting costs and introducing new flat-screen televisions and DVD recorders. Group net income was 42.1 billion yen (***** million),Bloomberg,; AFP,; AP - 494 words
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348 2004-04-29 17 WASHINGTON He says it can significantly affect the long-term path of the US economy NYT, Reuters ALAN Greenspan, chairman of the US Federal Reserve, warned on Tuesday that the "dramatic" rise of oil and gas futures was "an economicNYT,; Reuters - 348 words
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197 2004-04-29 17 Reuters [SAN FRANCISCO] Calpers, the biggest US pension fund, said on Tuesday it reversed its decision to withhold proxy votes against the full board of Alcoa Inc after the company pointed out that it had put into effect a shareholder-approved plan to limit golden parachutes.Reuters - 197 words
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402 2004-04-29 17 LONDON Oil major is likely to shift some jobs to Malaysia and India AFP, AP THE troubled oil giant Royal Dutch/Shell said yesterday it planned to cut up to 30 per cent of its 9,300 global information technology workers andAFP,; AP - 402 words
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Article4488 2004-04-29 15 UNIT TRUSTS FUNDS Com S'pore Bond Fund/* Credit Agricole Asset Mgt S'pore ltd ABN Amro Asset Mgt (S'pore) Indocam Asia Vision!" 1.166/1.225 Star Europe Eqty!** 0.747/ DIS Asset Mgt Star Europe Bond 1.213/ Shenton Tvwn City 1.31/1.37 Star Europe Bal 1041/ Japan Growth!** 0955/1 Star Asian Tiger Eiyy 0 918/4,488 words
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Page 15 Advertisements
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Advertisement1329 2004-04-29 15 T IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 SECTION 290(2)(b) AND IN THE MATTER OF ASIA SECURITY REINSURANCE AGENCY (SINGAPORE) PTE ITD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the Company held at 6 Kanda-Surugadai 3-chome, Chiyodo-ku Tokyo, 101-8703 Japan on the1,329 words
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Advertisement220 2004-04-29 15 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF TOAM PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE QF FINAL MEETING NOTICE IS HEREBY GIVEN that the FINAL MEETING of the Members and Creditors of the abovenamed Company will be held at 5 Shenton Way #07-00220 words
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Advertisement429 2004-04-29 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND MAUNAKEAPTE LTD (In Members' Voluntary Winding lip) At an Kxtraordinary General Meeting of the Company held at 15 Beach Road #03-10. Beach Centre, Singapore on the 22nd day of April 2004. the following Special and Ordinary Resolutions were duly passed:429 words
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Article4997 2004-04-29 16 Transaction date: Apr 28 HONGKONG Vol HK Exchanges Clearing .16 05 0.05 1053 MKS '000 HKRInt'l 2.60 -0.03 714 Hong Kong Electric 34 00 0 30 1803 Aeon Credit 5.60 -0.15 0 Hongkong Chinese 1.03 unch 1108 9" s ores 5 75 u "ch 18 Hongkong Chinese Ltd4,997 words
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Article2434 2004-04-29 16 Transaction date: Apr 28 KUALA LUMPUR GeneralSoH 1.26 unch 0 Vol Genting 17.00 unch 218 RM ('000) George Kent 0.82 unch 22 Globetronics Tech 0.66 unch 0 ASM Realty 1.53 -0 02 13 GlomacBhd 2 86 0.03 1013 Abnc 0.69 -0.01 37 Gold Bridge Engrg 0.49 -0.02 547 ACP2,434 words
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Article809 2004-04-29 16 Transaction date: Apr 28 Qmt a—m >»>— m ami A«9iMnS0( 012 1050 > MOt 111 2100 -oaw HLinHuaQt CJ7 OJ»0 -0 005 OCK IX 11*00 ClplUUnd 1.t» lfiJO -0010 PwtomyMZSc OS) l Owi imnConO Jfc Hi 1410 00*0 ftNpirt fewl HKSOc 0 4S 1JJ0 Crty D»»SOt 217 4*00 *0050809 words
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Article682 2004-04-29 16 BONDS WARRANTS L«*t Vol Com Exor Dfec GearCodo Comfy Soto +or COOP) lUtio Prico jug Loft 3779 ASL Marine Hldgs W*****1 17 -1 38 1 53 35 3 06 48 3698 AST1W*****1 17 .3 16 16 45 2 3697 AcmaLtdW*****6 .0.5 1 50 621 14.00 7 3602 Amtek W*****0 100682 words
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Page 16 Advertisements
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Advertisement31 2004-04-29 16 I l/ r tL Mm I I L 1 I Fm i: Bi si lissTi.vi i:s ly ■^1 1r The pages also cover transactions by directors and substantial shareholders. I a31 words
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Article6852 2004-04-29 17 Transaction date: Apr 28 52 WV T«l last Vol Day Last Quote GrfHv Mv GrYtd Nat MCap Wall law Coda Company Sate *1- COOP) High Law »uyr SaMr Cvr W W 57.9 32.9 5834 A-Sonic 40.5cd -0.5 838 41 40 40 40.5 5 N9.7 0.6 14.4 137.1 86,852 words
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Article70 2004-04-29 17 S2-Mt Td Lact Vol Day Ust Quote OfOtv Dry GrYM Net MCm> High Low Cod* Company S«l» W- (*088) Htgh low Buy Mg Cvr WE Sm* 2060 2000 6065 Diamonds US20S0 2120 ***** 6095 ISDJUSTe* LIS3740 6097 15 MSCI Spore US555 6101 ISS4P500 US8270 ***** 9650 6170 SPD*S70 words
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Article2036 2004-04-29 17 U-Wk Toi Lact Vol Day Last Quote GrOtv Dtv GrYW Net MCap low Co4o Company Mo W- ('000 High Low Buyer Sailor Cvr S P/E Smi 26 8.5 5000 ABR HldgsSc 13 14 16 25.1 42 15 2101 APOiISc 30cd -1 223 31 30 30 31 5 N9.12,036 words
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Article351 2004-04-29 17 52-Wk Tal Last Vol Day Lart Quota GrOtv Mv GrYM Net MCap Ogh low Coda Company SaU *1- fOOO) High Low tuyar Mg CV WI g 228 114 6000 AVJennings A2Sc A212 +5 60 212 210 210 212 40 88 4.7 8 456.3 6001 Cathay Pac 20c HK720351 words
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BIZIT
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Article, Illustration637 2004-04-29 18 Raju Chellam - BT exclusive Solutions can be customised to meet each client's needs, reports Raju Chellam Raju Chellam SINGAPORE will be the global launchpad for a unique managed services solution for SMBs (small and medi-um-sized businesses) from the world's largest computer company, IBM Corp.637 words
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Article, Illustration310 2004-04-29 18 Amit Roy Choudhury - Hotel seeks to meet the increasing IT needs of guests By Amit Roy Choudhury ITS an all-too-familiar problem for business people who want to work from their hotel rooms the hotel's system is unfamiliar, connecting their laptops to the Internet is310 words
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Article1610 2004-04-29 18 S1C0M FUTURES Apr 28 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest May 04 233.25 Jun 04 232.50 Ail 04 234.25 Aug 04 234.75 Sep 04 234.25 Oct/Dec 04 234.75 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)1,610 words
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SHIPPING TIMES
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Article317 2004-04-29 19 Bloomberg [LONDON] Persian Gulf oil tanker rates dropped for a third day to a five-week low as refinery maintenance in Asia and holidays in Japan, China over the coming days reduced demand for ships. Exxon Mobil Corp, the world's largest publicly traded oil company, booked two very largeBloomberg - 317 words
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Article292 2004-04-29 19 SGX '000 Apr 28 SS Vol CH Offshore 0.38 -0.02 2208 Chuan Hup 0.52 unch 1566 Cosco Investment 0.80 -0.05 6709 CWT Distribution 0.53 A01 33 EzraHldgs 1.01 -0.03 458 Freight Links.... .0.12 -0.01 380 GB Holdings .0.76 unch 111 Jaya Holdings 0.80 -0.03 2548 K1 Venture 0.28292 words
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Article, Illustration771 2004-04-29 19 Donald Urquhart - TSA holds talks with individual shippers' groups, holds out olive branch to FASC By Donald Urquhart [SINGAPORE] The ongoing drama pitting shippers against carriers over terminal handling charges (THCs) took yet another turn yesterday with the Transpacific Stabilisation Agreement (TSA) saying it had wrapped upBLOOMBERG FILE PHOTO - 771 words
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285 2004-04-29 19 Beth Jinks - Restructuring and staff cuts pay off for European line Beth Jinks [SINGAPORE] European shipping group Senator Lines has turned around its bottom line, posting a US$4O million profit in 2003 after a major restructure that saw it withdraw all US services, and285 words
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Article, Illustration557 2004-04-29 19 Beth Jinks - Nine attacks in a week add to growing concern By Beth Jinks [SINGAPORE] A spike in the number of violent pirate attacks in waters neighbouring Singapore was reported last week, amid concerns the littoral states alone cannot keep the key shipping lanes they shareFILE PHOTO - 557 words
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209 2004-04-29 19 Alec Almazan - From Alec Almazan in Manila MINDANAO'S first modern container terminal is scheduled to open in May in the town of Tagoloan in Misamis Oriental province. The first phase of the Mindanao Container Terminal will begin operations next month, state-owned Phividec Industrial Estate, which owns209 words
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AVIATION news
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Article, Illustration707 2004-04-29 20 It seeks approval to fly to Ho Chi Minh City from San Francisco via Hong Kong AFP, Bloomberg [HANOI] UAL Corp's United Airlines, the world's sec-ond-largest carrier, is seeking approval to become the first US carrierAFP,; Bloomberg; FILE PHOTO; AFP - 707 words
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Article113 2004-04-29 20 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 Indotrans113 words
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Article7678 2004-04-29 24 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number. Number SIN. v .._p«t;n N«m» Name Number Number 10/05 26/05 Delmas IZUMO 004W 65-*****344 To ABIDJAN (ABJ) 2003 Cot# D'lvolrt 13/05 26/05 HamburqSud DAINTY RIVER 131W 65-*****133 06/05 31/057,678 words
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SHIPS IN PORT
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Article606 2004-04-29 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER338 E4107 J3 A/SIDE 29/04 0200 CEC FIGHTER 9574 J15 A/SIDE 29/04 1900 DEL CARTIER 002W J18/19 A/SIDE 29/04 0800 MAWATANGNGE PV331 J14 A/SIDE 29/04 0500 NICO 3 2804 J7 A/SIDE 29/04 0630 RIMBASATU DENNIS 6 J11 A/SIDE 29/04606 words
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Article1842 2004-04-29 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES I Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ABU DHABI C284E C284E 1 01/05/2004-12:00 01/05/2004-22:00 ACX MARGUERI 030S 030S 1 02/05/2004-15:00 03/05/2004-03 00 ACX MARIGOLD 013N 013N 1 01/05/2004-15:00 02/05/2004-03 00 ALAMJAYA 2 8893 N 8893N 11,842 words
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Article141 2004-04-29 25 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 Day. Singapore: Labour Day. S.Korea: Labour Day. Sweden: Labour Day. Switzerland: Labour Day.141 words
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Article814 2004-04-29 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 individual814 words
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Article587 2004-04-29 25 Carbon 180 Max 969.7 0.3 14.9 0.05 36 0.04 Aor 22 Density Water Residue AshAlumlnium Sediment No above E25 0 0 0 0 0 1 rTZ 380 Ave 986.1 0.3 13.5 0.05 24 0.02 Ciioii 380 Max 994.4 0.7 17.8 0.08 64 0.05 K6/M'3 %v/v m/m587 words
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AIR & LAND transport
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Article, Illustration520 2004-04-29 26 Analysts say Shanghai-based airlines could be hit Reuters [SHANGHAI] China will give its airlines free rein to fly from or through Shanghai starting next year, the country's top aviation regulator said yesterday, throwing open one of the country's most lucrative hubs toReuters; BLOOMBERG FILE PHOTO - 520 words
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298 2004-04-29 26 Reuters [LONDON] Rolls-Royce expects long-standing Japanese partners will be involved in the Trent 1000 engine being developed for Boeing's new 7E7 Dreamliner plane, the British aero engine maker said on Tuesday. "We are actively evaluating the potential for significant partnering with JapaneseReuters - 298 words
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Article, Illustration435 2004-04-29 26 Sales up 38% to US$3.5b in fiscal 2004 Bloomberg [DUBAI] Emirates, Airbus's largest customer for the A3BO, said fiscal 2004 profit rose 74 per cent to a record after the airline carried more passengers from Europe and the Middle East through its DubaiBloomberg; FILE PHOTO - 435 words
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335 2004-04-29 26 Bloomberg [BANGKOK] Air Asia Sdn, South-east Asia's largest discount airline, said it will start flying to Macau from Bangkok as it expands its international network. The daily flights from Bangkok, which will start from 999 baht (Ss43) oneway, will startBloomberg - 335 words
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318 2004-04-29 26 AFP [TORONTO] Canada late Tuesday said it was stepping up its alert against the Severe Acute Respiratory Syndrome (Sars), following a new outbreak in China of a disease that killed 44 people in the Toronto area last year. Authorities said they had begun distributing healthAFP - 318 words
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Article2115 2004-04-29 26 CITY FLIGHT ETA FLIGHT ETO MM* LM9771 1640 U7362 2215 0630 LH9765 1345 S0230 1640 0F82 2215 J® 3 LH7T8 B» "I! N***** 1555 0F5 2255 S***** 1555 LH779 2305 $0347 0550 LH9764 1620 N***** 2305 tacMmt EK405 0100 EK404 1520 S0325 1620 S***** 2305 EK4312,115 words
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Page 19 Advertisements
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Advertisement23 2004-04-29 19 Ji Emirates' profit soars USs429m rp npK Thinking about penetration, exposure, results? if it's about Singapore's maritime community, think <V siiii'i'iMi Times fl23 words
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Page 20 Advertisements
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Advertisement656 2004-04-29 20 I IMPORT I NORTH AMERICA I 11 AUSTRALIA/NEW ZEALAND |SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPREBS (AAX) VESSEL VOY LGB SIN PKG m—m PtO NEDUOYD KOBE SWH W «*S LOS ANGELES EXPRESS 04W16 21/04 09/05 11/05 PtO NEDUOYDBRISBANE 76N OMIT ,9/04 21/04 23/04 27/04 02/05 04/05 PtO NEOUOYD SOUTHAMPTON 41W17656 words
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Advertisement536 2004-04-29 20 Lines services represented by fg&tk Hrntm of Ik. fegiwy Of M,mbe f y Singapore Snipping Association ULY UNE MALE AVESSEL VOY ETA HA HA A P. KIANG SPORE MALE Princess Lily 0304 30/04 04/05 12/05 Maid Star 548 10/05 13/05 22/05 Kota Teraju TRJOBI 23/05 03/06 I 11 I I536 words
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Page 21 Advertisements
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Advertisement769 2004-04-29 21 MOL Combines Cf" a range of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also accept Intro-Asia Cargoes to: BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGDAO BELAWAN JAKARTA SURABAYA KAOHSUNG BANGKOK LAEM CHABANG HOCHIIHUNH PASW GUDANG PENANG POUT KEIANG For Schedules,769 words
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Advertisement932 2004-04-29 21 GENERAL AGENTS IN SINGAPORE: U RAFfIK QUAY #3A-01 SALES/BKGS TEL *****857/43 FAX: 6238 5321/24 COSTAR SHIPPING PTE LTD ITSGSLDING ******2 mm CRNO. **********0 M SINGAPORE *****1 INWARD (0/0) *****786 9 49 JOHOR'S OFFICE- TEL 6226 1900 (MAIN) T/SHIPDEP 6420 5825 6238 5316/46 JOHOR S OFFICE. CONVENTIONAL 6420 5850 6226 2208932 words
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Advertisement570 2004-04-29 21 .VESSEL J01L jSSl -flH PU5_ VESSEL VOY sl!l PKG PAC AQUI1A iQ6M 4/5 5Z5 ZZ5 PERTH BRIDGE 053A 875 GOLDEN TRADE 401N 11/5 12/5 14/5 NEW DYNAMIC 060A 13/5 15/5 HERTFORD 003N 18/S 19/5 21/5 PERTH BRIDGE 054A 20/5 22/5 CoKn| HKG MidStieoni *VSl calling bolti Nortti West port VESSEL570 words
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Advertisement1676 2004-04-29 22 enei am A O ENOUIRIES/BOOKINO8: *****344 FAX: *****433 E-MAIL: del ma ••<*•< mas.com.•« C k IYIMO DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 MJMS CltQttTlAM UNtS flfti CONTAINER SERVICE TO WEST AFRICA via EUROPE IVKSa VOY SINGAPORE PO»TKiUWC U HAVRI DAKAR lAMJUI NOUAKCHOTT CONAKRY] HwndailndMMKfant. 32QW 03/05 04/05 19/05 31/05 02/06 08/06 02/061,676 words
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Advertisement607 2004-04-29 22 BSA x MYANMA ra FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 328W SLD HPA-AN 320W SU) SLD IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL: 03-*****300 PKL: 03-*****101 PEN: 04-*****02 ACCEPTINB CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKL KUC JAURADA ACE 91607 words
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Page 23 Advertisements
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Advertisement1463 2004-04-29 23 I VESSEL VOY SIN PKI DXB BAB DMM BIK CHABAHAR IKHORRAMSHAHR] IRAN SHAHRYAR PCL 8032 02/05 03/05 12/05 13/05 19/05 21/05 23/05 25/05 IRAN SATTARI PCLBO3I 07/05 08/05 17/05 18/05 25/05 27/05 29/05 31/05 IRAN TEHRAN PCL 368 15/05 16/05 23/05 24/05 31/05 02/06 04/06 06/06 IRAN SHAHRYAR PCLBO33 22/051,463 words
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Advertisement630 2004-04-29 23 a wZf&m t UK CONTINENT SERVICE Loading for GLORIUS RTM/ATW/BMN/UK/NAN ATERMON RTM/ATW/BMNAJK/NAN Loads Singapore, EVW Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBI/ABU/DOH/BRN/DMM/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/NOL/NFK/SAV YONG AN 4 CAM/NOIVNFK/SAWTPC FALCON TRAVELLER VCW/LAX/MZL 'Loads EVW.630 words
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Advertisement749 2004-04-29 23 VESSEI VfiY M PGU *****1 XQX SIN JKT PA( BANDA U9BN 29/04 30/04 MATARAM EXP M 2 30/04 03/05 PAC BANDA U99N 21/25 02/05 ALAMJAYA2 fiflM 02/05 04/05 PAC BANDA 1200N 03/05 03/05 PAC BIHTAM Wh 03/115 05/05 P»C BANDA 1201N H/9f MATARAM EXP 3004 I 05/05 08/05 pac banda749 words
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Page 25 Miscellaneous
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Miscellaneous127 2004-04-29 25 REGIONAL WEATHER 5 j| 5 FOR 7AM 29 Apr 2004 Bgg VN™ Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols V 7 Showers C Full circle w/o line indicates calm or light and variable winds Rajn One half fleche represents 5 knots Cloudy Day "One full fleche represents127 words
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Page 26 Advertisements
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Advertisement51 2004-04-29 26 Booing Co. on Monday landad thoflrat order for Ha naw7E7 DroamHnor, a 50-planc contract from Japan's All Nippon AJrwaya that oJoare tho way for Booing to build Ka first now jot modol in a docada 0 7E7'a Increaaod ranga ovor other 250-aoat aoropianaa Jjw oonftgurs6ot\ Source The Boetog Company WEUTgHS51 words
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